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, 2021
Item 1. Reports to Stockholders.
TIAA-CREF Funds | March 31, 2021 |
TIAA-CREF
Real Estate Securities Fund
The annual report contains the audited financial statements.
Fund name | Institutional Class | Advisor Class | Premier Class | Retirement Class | Retail Class |
Real Estate Securities Fund | TIREX | TIRHX | TRRPX | TRRSX | TCREX |
Annual
Report
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 not be sent to you 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.
You may elect to receive shareholder reports and other communications from the Funds electronically anytime by either (1) 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 (2) 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 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 receive 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, 2021. 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, 2021. |
• | 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 websites at TIAA.org or nuveen.com, 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 ■ 2021 Annual Report | 3 |
Real estate investment trusts (REITs) posted strong returns for the twelve months ended March 31, 2021, as the economy initially struggled with the impact of the COVID-19 pandemic but then returned to growth. The unemployment rate, which rose sharply in April 2020, declined steadily during the period. The Federal Reserve maintained the federal funds target rate at 0.00%–0.25% throughout the twelve months. Meanwhile, the federal government enacted two pandemic relief measures—a $900 billion stimulus package in December 2020 and a $1.9 trillion COVID-19 relief bill in March 2021.
• | REITs gained 34.2% for the twelve months, as measured by the FTSE Nareit All Equity REITs Index. Please see page 8 for the benchmark definition. |
• | All of the index’s 16 property sectors and subsectors advanced, with regional malls generating the largest return. Timber REITs and the lodging/resorts sector also posted strong results. |
• | The TIAA-CREF Real Estate Securities Fund (Institutional Class) registered a sizable gain and outperformed its benchmark, mostly due to favorable security selection. |
REITs surpassed U.S. bonds, trailed stocks
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, and throughout the period, REITs benefited from the Fed’s commitment to maintain short-term interest rates within a near-zero range. Similar to equities, REITs invest in individual companies, so their performance is also tied to the overall health of the U.S. economy. As such, REITs were supported by strength in the stock market during the period.
For the twelve months, the FTSE Nareit All Equity REITs Index surpassed the 0.7% return of the broad U.S. investment-grade fixed-rate bond market, as measured by the Bloomberg Barclays U.S. Aggregate Bond Index. REITs also outpaced other fixed-income sectors, including high-yield bonds, which posted a double-digit gain for the period. However, REITs lagged the 62.5% advance of the broad U.S. stock market, as represented by the Russell 3000® Index.
4 | 2021 Annual Report ■ TIAA-CREF Real Estate Securities Fund |
Brad Finkle
The benefits of REITs in varying markets
REITs have the potential to offer three important benefits to your portfolio: diversification, capital appreciation and income—a combination that can be a valuable investment option in varying market environments. Diversification, a well-established technique that spreads investments among a variety of asset classes—not just stocks or bonds—can help limit the risk of having too much exposure to one specific area. Because REITs invest in a broad array of real estate property sectors, each with its own unique characteristics and supply/demand dynamics, they can help provide more diversification. REITs also offer the potential for capital appreciation, which appeals to many investors in a growing economy or when markets are rising. Income is another important feature of REITs, which are required by law to distribute at least 90% of their taxable income to investors in the form of dividends. That income can be of particular value when interest rates decline or when markets are struggling.
It’s impossible to predict which way financial markets will move. Similarly, no one can foresee the direction of interest rates. Because of these uncertainties, we believe that a professionally managed mutual fund of REIT securities can play an integral role in a long-term investment plan, especially when it is part of a broader portfolio containing stocks, bonds and other asset classes. Of course, diversification cannot guarantee against market losses.
Please feel free to visit TIAA.org for more information on asset class performance. As always, 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 help you.
/s/ Brad Finkle
Brad Finkle
Chief Operating Officer, Nuveen
President of the TIAA-CREF Funds and TIAA-CREF Life Funds
TIAA-CREF Real Estate Securities Fund ■ 2021 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 websites at TIAA.org or nuveen.com; 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 | 2021 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, 2020–March 31, 2021).
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 ■ 2021 Annual Report | 7 |
Important information about expenses
Expense example
Six months ended March 31, 2021
Real Estate Securities Fund | Beginning account value (10/1/20 | ) | Ending account value (3/31/21 | ) | Expenses paid during period (10/1/20–3/31/21 | * ) | |
Actual return | |||||||
Institutional Class | $1,000.00 | $ 1,168.30 | $2.54 | ||||
Advisor Class | 1,000.00 | 1,167.55 | 3.19 | ||||
Premier Class | 1,000.00 | 1,167.23 | 3.35 | ||||
Retirement Class | 1,000.00 | 1,166.42 | 3.89 | ||||
Retail Class | 1,000.00 | 1,166.16 | 4.10 | ||||
5% annual hypothetical return | |||||||
Institutional Class | 1,000.00 | 1,022.59 | 2.37 | ||||
Advisor Class | 1,000.00 | 1,021.99 | 2.97 | ||||
Premier Class | 1,000.00 | 1,021.84 | 3.13 | ||||
Retirement Class | 1,000.00 | 1,021.34 | 3.63 | ||||
Retail Class | 1,000.00 | 1,021.14 | 3.83 |
* | “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 182/365. There were 182 days in the six months ended March 31, 2021. The Fund’s annualized six-month expense ratios for that period were 0.47% for the Institutional Class, 0.59% for the Advisor Class, 0.62% for the Premier Class, 0.72% for the Retirement Class and 0.76% 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. |
The FTSE Nareit All Equity REITs Index measures 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 2021. 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 | 2021 Annual Report ■ TIAA-CREF Real Estate Securities Fund |
Performance for the twelve months ended March 31, 2021
The Real Estate Securities Fund returned 35.94% for the Institutional Class, compared with the 34.24% return of its benchmark, the FTSE Nareit All Equity REITs Index. The performance table shows returns for all share classes of the Fund.
Economic growth resumed after pandemic setback
The U.S. economy contracted sharply early in the period due to the COVID-19 outbreak and global efforts to contain the spread of the virus. But the nation’s output recovered during the summer of 2020, and economic growth continued through the rest of the year and into 2021. The unemployment rate, which had spiked to 14.7% in April 2020, declined steadily during the period and settled at 6.0% in March 2021. The Federal Reserve, which had reduced the federal funds target rate in March 2020, kept the key short-term interest-rate measure at 0.00%–0.25% throughout the period. Meanwhile, the federal government enacted a $900 billion pandemic aid package in December 2020, followed by a $1.9 trillion COVID-19 relief bill in March 2021.
For the period, the FTSE Nareit All Equity REITs Index trailed the 62.53% return of the broad U.S. stock market, as measured by the Russell 3000® Index, but it surpassed the 0.71% 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 double-digit gains
Among the benchmark’s 16 property sectors and subsectors, all posted positive returns for the period. The largest gains were seen in the regional malls (up 108.1%), timber REITs (up 94.8%) and lodging/resorts (up 85.1%) sectors. The worst performer was the data centers sector (up 8.6%).
Fund rose substantially and outperformed its benchmark
For the twelve-month period, the Fund posted a strong gain and outperformed its benchmark, mostly due to astute security selection. An out-of-benchmark allocation to vacation rental company Airbnb and an overweight position in retail REIT Simon Property Group contributed most to the Fund’s relative performance, as both produced triple-digit gains. An out-of-benchmark investment in MGM Resorts International, a global entertainment company, was also beneficial.
These positive effects were partly offset by an overweight allocation to residential REIT Equity LifeStyle Properties and an underweight position in paper and forest products company Weyerhaeuser, which posted strong results. An overweight position in industrial REIT Rexford Industrial Realty also hampered the Fund’s performance.
TIAA-CREF Real Estate Securities Fund ■ 2021 Annual Report | 9 |
Real Estate Securities Fund
Performance as of March 31, 2021
Real Estate Securities Fund | Average annual | Annual operating | |||||||||||||||||||||
Total return | total return | expenses* | |||||||||||||||||||||
Inception date | 1 year | 5 years | 10 years | gross | net | ||||||||||||||||||
Institutional Class | 10/1/02 | 35.94 | % | 9.08 | % | 10.16 | % | 0.50 | % | 0.50 | % | ||||||||||||
Advisor Class | 12/4/15 | 35.76 | 8.97 | 10.10 | † | 0.62 | 0.62 | ||||||||||||||||
Premier Class | 9/30/09 | 35.78 | 8.94 | 10.00 | 0.65 | 0.65 | |||||||||||||||||
Retirement Class | 10/1/02 | 35.58 | 8.82 | 9.89 | 0.75 | 0.75 | |||||||||||||||||
Retail Class | 10/1/02 | 35.57 | 8.77 | 9.82 | 0.79 | 0.79 | |||||||||||||||||
FTSE Nareit All Equity REITs Index | — | 34.24 | 7.19 | 9.35 | — | — |
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, 2021, unless changed with the approval of the Board of Trustees. Without these reimbursements, expenses would be higher and returns lower. Refer to the Financial highlights later in this report for the Fund’s expense ratios as of the end of the reporting period. |
† | The performance shown for the Advisor Class that is prior to its inception date is based on the 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 | 2021 Annual Report ■ TIAA-CREF Real Estate Securities Fund |
Real Estate Securities Fund
$2,000,000 over 10 years
Institutional Class
Ending amounts are as of March 31, 2021. 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 | |
% of net assets | |
Sector | as of 3/31/2021 |
Specialized REITs | 27.9 |
Residential REITs | 22.7 |
Retail REITs | 12.2 |
Industrial REITs | 11.7 |
Office REITs | 8.2 |
Health care REITs | 7.4 |
Hotel & resort REITs | 2.3 |
Casinos & gaming | 2.1 |
Internet services & infrastructure | 1.9 |
Diversified REITs | 1.2 |
Hotels, resorts & cruise lines | 1.0 |
Short-term investments, other assets & liabilities, net | 1.4 |
Total | 100.0 |
Fund profile | |
as of 3/31/2021 | |
Net assets | $3.29 billion |
Portfolio turnover rate | 45% |
Number of holdings | 70 |
Weighted median market capitalization | $22.46 billion |
Price/earnings ratio (weighted 12-month trailing average)† | 76.3 |
† | 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
% of equity investments | |
Market capitalization | as of 3/31/2021 |
More than $50 billion | 21.3 |
More than $15 billion–$50 billion | 45.2 |
More than $2 billion–$15 billion | 31.4 |
$2 billion or less | 2.1 |
Total | 100.0 |
TIAA-CREF Real Estate Securities Fund ■ 2021 Annual Report | 11 |
Real Estate Securities Fund ■ March 31, 2021
Shares | Company | Value | ||||||
COMMON STOCKS—98.6% | ||||||||
CASINOS & GAMING—2.1% | ||||||||
375,000 | * | Las Vegas Sands Corp | $ | 22,785,000 | ||||
550,000 | MGM Resorts International | 20,894,500 | ||||||
200,000 | * | Wynn Resorts Ltd | 25,074,000 | |||||
TOTAL CASINOS & GAMING | 68,753,500 | |||||||
DIVERSIFIED REITS—1.2% | ||||||||
1,600,000 | Empire State Realty Trust, Inc | 17,808,000 | ||||||
600,000 | STORE Capital Corp | 20,100,000 | ||||||
TOTAL DIVERSIFIED REITS | 37,908,000 | |||||||
HEALTH CARE REITS—7.4% | ||||||||
1,600,000 | Healthpeak Properties Inc | 50,784,000 | ||||||
550,000 | Omega Healthcare Investors, Inc | 20,146,500 | ||||||
1,450,000 | Sabra Healthcare REIT, Inc | 25,172,000 | ||||||
1,300,000 | Ventas, Inc | 69,342,000 | ||||||
1,075,000 | Welltower, Inc | 77,002,250 | ||||||
TOTAL HEALTH CARE REITS | 242,446,750 | |||||||
HOTEL & RESORT REITS—2.3% | ||||||||
1,850,000 | * | Host Hotels and Resorts, Inc | 31,172,500 | |||||
350,000 | MGM Growth Properties LLC | 11,417,000 | ||||||
1,200,000 | * | Park Hotels & Resorts, Inc | 25,896,000 | |||||
550,000 | * | Sunstone Hotel Investors, Inc | 6,853,000 | |||||
TOTAL HOTEL & RESORT REITS | 75,338,500 | |||||||
HOTELS, RESORTS & CRUISE LINES—1.0% | ||||||||
100,000 | * | Hilton Worldwide Holdings, Inc | 12,092,000 | |||||
150,000 | * | Marriott International, Inc (Class A) | 22,216,500 | |||||
TOTAL HOTELS, RESORTS & CRUISE LINES | 34,308,500 | |||||||
INDUSTRIAL REITS—11.7% | ||||||||
150,000 | EastGroup Properties, Inc | 21,492,000 | ||||||
75,000 | Innovative Industrial Properties, Inc | 13,512,000 | ||||||
1,950,000 | Prologis, Inc | 206,700,000 | ||||||
2,000,000 | Rexford Industrial Realty, Inc | 100,800,000 | ||||||
725,000 | Terreno Realty Corp | 41,883,250 | ||||||
TOTAL INDUSTRIAL REITS | 384,387,250 | |||||||
INTERNET SERVICES & INFRASTRUCTURE—1.9% | ||||||||
425,000 | * | GDS Holdings Ltd (ADR) | 34,463,250 | |||||
1,900,000 | * | Megaport Ltd | 16,053,244 | |||||
1,600,000 | * | NEXTDC Ltd | 12,743,426 | |||||
TOTAL INTERNET SERVICES & INFRASTRUCTURE | 63,259,920 | |||||||
OFFICE REITS—8.2% | ||||||||
440,000 | Alexandria Real Estate Equities, Inc | 72,292,000 | ||||||
560,000 | Boston Properties, Inc | 56,705,600 | ||||||
425,000 | Kilroy Realty Corp | 27,892,750 | ||||||
600,000 | SL Green Realty Corp | 41,994,000 | ||||||
1,600,000 | Vornado Realty Trust | 72,624,000 | ||||||
TOTAL OFFICE REITS | 271,508,350 |
12 | 2021 Annual Report ■ TIAA-CREF Real Estate Securities Fund | See notes to financial statements |
Portfolio of investments | continued |
Real Estate Securities Fund ■ March 31, 2021
Shares | Company | Value | |||||||
RESIDENTIAL REITS—22.7% | |||||||||
1,500,000 | American Homes 4 Rent | $ | 50,010,000 | ||||||
375,000 | Apartment Income REIT Corp | 16,035,000 | |||||||
750,000 | AvalonBay Communities, Inc | 138,382,500 | |||||||
240,000 | Camden Property Trust | 26,378,400 | |||||||
875,000 | Equity Lifestyle Properties, Inc | 55,685,000 | |||||||
2,025,000 | Equity Residential | 145,050,750 | |||||||
315,000 | Essex Property Trust, Inc | 85,629,600 | |||||||
4,200,000 | Ingenia Communities Group | 16,207,555 | |||||||
2,400,000 | Invitation Homes, Inc | 76,776,000 | |||||||
215,000 | Mid-America Apartment Communities, Inc | 31,037,400 | |||||||
440,000 | Sun Communities, Inc | 66,017,600 | |||||||
950,000 | UDR, Inc | 41,667,000 | |||||||
TOTAL RESIDENTIAL REITS | 748,876,805 | ||||||||
RETAIL REITS—12.2% | |||||||||
325,000 | Agree Realty Corp | 21,875,750 | |||||||
1,100,000 | Brixmor Property Group, Inc | 22,253,000 | |||||||
1,550,000 | Kimco Realty Corp | 29,062,500 | |||||||
1,249,700 | Macerich Co | 14,621,490 | |||||||
200,000 | Realty Income Corp | 12,700,000 | |||||||
850,000 | Regency Centers Corp | 48,203,500 | |||||||
1,725,000 | Simon Property Group, Inc | 196,253,250 | |||||||
2,050,000 | SITE Centers Corp | 27,798,000 | |||||||
275,000 | Spirit Realty Capital, Inc | 11,687,500 | |||||||
1,175,000 | Tanger Factory Outlet Centers, Inc | 17,777,750 | |||||||
TOTAL RETAIL REITS | 402,232,740 | ||||||||
SPECIALIZED REITS—27.9% | |||||||||
885,000 | American Tower Corp | 211,568,100 | |||||||
635,000 | Crown Castle International Corp | 109,302,550 | |||||||
500,000 | Digital Realty Trust, Inc | 70,420,000 | |||||||
750,000 | EPR Properties | 34,942,500 | |||||||
240,000 | Equinix, Inc | 163,101,600 | |||||||
170,000 | Extra Space Storage, Inc | 22,533,500 | |||||||
300,000 | Gaming and Leisure Properties, Inc | 12,729,000 | |||||||
375,000 | Lamar Advertising Co | 35,220,000 | |||||||
350,000 | National Storage Affiliates Trust | 13,975,500 | |||||||
1,150,000 | * | Outfront Media, Inc | 25,104,500 | ||||||
340,000 | Public Storage, Inc | 83,898,400 | |||||||
120,000 | SBA Communications Corp | 33,306,000 | |||||||
1,150,000 | VICI Properties, Inc | 32,476,000 | |||||||
1,975,000 | Weyerhaeuser Co | 70,310,000 | |||||||
TOTAL SPECIALIZED REITS | 918,887,650 | ||||||||
TOTAL COMMON STOCKS (Cost 2,214,123,688) | 3,247,907,965 |
See notes to financial statements | TIAA-CREF Real Estate Securities Fund ■ 2021 Annual Report | 13 |
Portfolio of investments | concluded |
Real Estate Securities Fund ■ March 31, 2021
Principal | Issuer | Rate | Maturity date | Value | ||||||||||
SHORT-TERM INVESTMENTS—1.1% | ||||||||||||||
GOVERNMENT AGENCY DEBT—0.9% | ||||||||||||||
$ | 6,801,000 | Federal Agricultural Mortgage Corp (FAMC) | 0.010 | % | 04/01/21 | $ | 6,801,000 | |||||||
5,000,000 | Federal Home Loan Bank (FHLB) | 0.005 | 04/07/21 | 5,000,000 | ||||||||||
2,516,000 | FHLB | 0.004 | 04/21/21 | 2,516,000 | ||||||||||
15,000,000 | FHLB | 0.010 | 04/23/21 | 15,000,000 | ||||||||||
TOTAL GOVERNMENT AGENCY DEBT | 29,317,000 | |||||||||||||
TREASURY DEBT—0.2% | ||||||||||||||
5,000,000 | United States Treasury Bill | 0.002 | 04/08/21 | 4,999,995 | ||||||||||
TOTAL TREASURY DEBT | 4,999,995 | |||||||||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $34,316,896) | 34,316,995 | |||||||||||||
TOTAL INVESTMENTS—99.7% (Cost $2,248,440,584) | 3,282,224,960 | |||||||||||||
OTHER ASSETS & LIABILITIES, NET—0.3% | 11,046,294 | |||||||||||||
NET ASSETS—100.0% | $ | 3,293,271,254 |
Abbreviation(s):
ADR | American Repository Receipts |
REIT | Real Estate Investment Trust |
* Non-income producing
14 | 2021 Annual Report ■ TIAA-CREF Real Estate Securities Fund | See notes to financial statements |
Statement of assets and liabilities
Real Estate Securities Fund ■ March 31, 2021
ASSETS | ||||
Portfolio investments, at value† | $ | 3,282,224,960 | ||
Cash | 490,129 | |||
Receivable from securities transactions | 1,971,259 | |||
Receivable from Fund shares sold | 5,075,904 | |||
Dividends and interest receivable | 9,455,236 | |||
Due from affiliates | 68,547 | |||
Other | 348,542 | |||
Total assets | 3,299,634,577 | |||
LIABILITIES | ||||
Management fees payable | 1,282,874 | |||
Service agreement fee payable | 124,545 | |||
Distribution fee payable | 82,193 | |||
Due to affiliates | 21,125 | |||
Payable for securities transactions | 3,946,877 | |||
Payable for Fund shares redeemed | 547,618 | |||
Payable for trustee compensation | 213,022 | |||
Accrued expenses and other payables | 145,069 | |||
Total liabilities | 6,363,323 | |||
NET ASSETS | $ | 3,293,271,254 | ||
NET ASSETS CONSIST OF: | ||||
Paid-in-capital | $ | 2,256,221,823 | ||
Total distributable earnings (loss) | 1,037,049,431 | |||
Net Assets | $ | 3,293,271,254 | ||
INSTITUTIONAL CLASS: | ||||
Net assets | $ | 2,272,603,648 | ||
Outstanding shares of beneficial interest, unlimited shares authorized ($.0001 par value) | 119,748,052 | |||
Net asset value per share | $ | 18.98 | ||
ADVISOR CLASS: | ||||
Net assets | $ | 71,403,120 | ||
Outstanding shares of beneficial interest, unlimited shares authorized ($.0001 par value) | 3,760,428 | |||
Net asset value per share | $ | 18.99 | ||
PREMIER CLASS: | ||||
Net assets | $ | 48,254,515 | ||
Outstanding shares of beneficial interest, unlimited shares authorized ($.0001 par value) | 2,540,127 | |||
Net asset value per share | $ | 19.00 | ||
RETIREMENT CLASS: | ||||
Net assets | $ | 533,102,138 | ||
Outstanding shares of beneficial interest, unlimited shares authorized ($.0001 par value) | 26,843,146 | |||
Net asset value per share | $ | 19.86 | ||
RETAIL CLASS: | ||||
Net assets | $ | 367,907,833 | ||
Outstanding shares of beneficial interest, unlimited shares authorized ($.0001 par value) | 19,550,262 | |||
Net asset value per share | $ | 18.82 | ||
† Portfolio investments, cost | $ | 2,248,440,584 |
See notes to financial statements | TIAA-CREF Real Estate Securities Fund ■ 2021 Annual Report | 15 |
Real Estate Securities Fund ■ For the year ended March 31, 2021
INVESTMENT INCOME | ||||
Dividends | $ | 60,804,104 | ||
Payment from affiliate | 417,407 | |||
Interest | 48,190 | |||
Total income | 61,269,701 | |||
EXPENSES | ||||
Management fees | 12,941,231 | |||
Shareholder servicing — Institutional Class | 6,673 | |||
Shareholder servicing — Advisor Class | 56,287 | |||
Shareholder servicing — Premier Class | 153 | |||
Shareholder servicing — Retirement Class | 1,162,100 | |||
Shareholder servicing — Retail Class | 135,927 | |||
Distribution fees — Premier Class | 66,568 | |||
Distribution fees — Retail Class | 781,978 | |||
Administrative service fees | 97,468 | |||
Trustee fees and expenses | 32,387 | |||
Other expenses | 402,657 | |||
Total expenses | 15,683,429 | |||
Less: Fee waiver by investment adviser and Nuveen Securities | (637,667 | ) | ||
Net expenses | 15,045,762 | |||
Net investment income (loss) | 46,223,939 | |||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON TOTAL INVESTMENTS | ||||
Realized gain (loss): | ||||
Portfolio investments | 83,875,642 | |||
Foreign currency transactions | (14,311 | ) | ||
Net realized gain (loss) on total investments | 83,861,331 | |||
Change in unrealized appreciation (depreciation) on: | ||||
Portfolio investments | 687,454,932 | |||
Translations of assets (other than portfolio investments) and liabilities denominated in foreign currencies | (5,268 | ) | ||
Net change in unrealized appreciation (depreciation) on total investments | 687,449,664 | |||
Net realized and unrealized gain (loss) on total investments | 771,310,995 | |||
Net increase (decrease) in net assets from operations | $ | 817,534,934 |
16 | 2021 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, 2021 | March 31, 2020 | |||||||||
OPERATIONS | ||||||||||
Net investment income (loss) | $ | 46,223,939 | $ | 49,063,106 | ||||||
Net realized gain (loss) on total investments | 83,861,331 | 17,076,313 | ||||||||
Net change in unrealized appreciation (depreciation) on total investments | 687,449,664 | (317,323,031 | ) | |||||||
Net increase (decrease) in net assets from operations | 817,534,934 | (251,183,612 | ) | |||||||
DISTRIBUTIONS TO SHAREHOLDERS | ||||||||||
Institutional Class | (34,056,999 | ) | (112,689,391 | ) | ||||||
Advisor Class | (813,685 | ) | (1,424,454 | ) | ||||||
Premier Class | (703,229 | ) | (3,714,969 | ) | ||||||
Retirement Class | (6,800,689 | ) | (28,450,093 | ) | ||||||
Retail Class | (4,749,733 | ) | (19,101,670 | ) | ||||||
Total distributions | (47,124,335 | ) | (165,380,577 | ) | ||||||
SHAREHOLDER TRANSACTIONS | ||||||||||
Subscriptions: | Institutional Class | 662,036,498 | 463,216,863 | |||||||
Advisor Class | 58,438,845 | 40,647,619 | ||||||||
Premier Class | 8,311,088 | 11,494,447 | ||||||||
Retirement Class | 35,513,832 | 77,265,402 | ||||||||
Retail Class | 80,494,085 | 111,171,217 | ||||||||
Reinvestments of distributions: | Institutional Class | 33,361,742 | 106,877,507 | |||||||
Advisor Class | 807,347 | 1,409,599 | ||||||||
Premier Class | 703,055 | 3,714,317 | ||||||||
Retirement Class | 6,800,689 | 28,449,867 | ||||||||
Retail Class | 4,522,909 | 18,220,255 | ||||||||
Redemptions: | Institutional Class | (377,121,852 | ) | (450,403,787 | ) | |||||
Advisor Class | (21,557,315 | ) | (20,909,263 | ) | ||||||
Premier Class | (17,735,465 | ) | (42,211,656 | ) | ||||||
Retirement Class | (40,371,394 | ) | (54,545,829 | ) | ||||||
Retail Class | (69,834,550 | ) | (62,838,783 | ) | ||||||
Net increase (decrease) from shareholder transactions | 364,369,514 | 231,557,775 | ||||||||
Net increase (decrease) in net assets | 1,134,780,113 | (185,006,414 | ) | |||||||
NET ASSETS | ||||||||||
Beginning of period | 2,158,491,141 | 2,343,497,555 | ||||||||
End of period | $ | 3,293,271,254 | $ | 2,158,491,141 |
See notes to financial statements | TIAA-CREF Real Estate Securities Fund ■ 2021 Annual Report | 17 |
Statements of changes in net assets | concluded |
Real Estate Securities Fund ■ For the year ended
March 31, 2021 | March 31, 2020 | |||||||||
CHANGE IN FUND SHARES | ||||||||||
Shares sold: | Institutional Class | 39,409,395 | 25,925,346 | |||||||
Advisor Class | 3,502,755 | 2,330,756 | ||||||||
Premier Class | 505,171 | 653,541 | ||||||||
Retirement Class | 1,969,222 | 4,153,421 | ||||||||
Retail Class | 4,796,182 | 6,284,808 | ||||||||
Shares reinvested: | Institutional Class | 1,946,389 | 6,245,330 | |||||||
Advisor Class | 46,706 | 82,676 | ||||||||
Premier Class | 41,128 | 215,881 | ||||||||
Retirement Class | 380,535 | 1,588,105 | ||||||||
Retail Class | 266,730 | 1,073,178 | ||||||||
Shares redeemed: | Institutional Class | (22,268,340 | ) | (25,249,177 | ) | |||||
Advisor Class | (1,314,640 | ) | (1,205,588 | ) | ||||||
Premier Class | (1,102,012 | ) | (2,366,418 | ) | ||||||
Retirement Class | (2,340,798 | ) | (3,058,627 | ) | ||||||
Retail Class | (4,244,886 | ) | (3,767,729 | ) | ||||||
Net increase (decrease) from shareholder transactions | 21,593,537 | 12,905,503 |
18 | 2021 Annual Report ■ TIAA-CREF Real Estate Securities Fund | See notes to financial statements |
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TIAA-CREF Real Estate Securities Fund ■ 2021 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 or year ended | value, beginning of period | investment income (loss | )a | gain (loss on total investments | ) | (loss) from investment operations | Net investment income | Net realized gains | dividends and distributions | value, end of period | Total return | excluding payment from affiliates | u | at end of period (in thousands | ) | Gross expense | Net expense | investment income (loss | ) | income (loss) excluding payments from affiliates | u | Portfolio turnover rate | |||||||||||||||||||||||||||||||||||||||||||
Institutional Class | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3/31/21 | $14.21 | $0.30 | $ 4.77 | $ 5.07 | $(0.30 | ) | $ – | $(0.30 | ) | $18.98 | 35.94 | % | 35.92 | % | $2,272,604 | 0.49 | % | 0.47 | % | 1.77 | % | 1.76 | % | 45 | % | ||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||||||
Advisor Class | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3/31/21 | 14.22 | 0.26 | 4.79 | 5.05 | (0.28 | ) | – | (0.28 | ) | 18.99 | 35.76 | 35.74 | 71,403 | 0.62 | 0.59 | 1.55 | 1.53 | 45 | |||||||||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||||||
Premier Class | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3/31/21 | 14.22 | 0.27 | 4.79 | 5.06 | (0.28 | ) | – | (0.28 | ) | 19.00 | 35.78 | 35.76 | 48,255 | 0.64 | 0.62 | 1.62 | 1.60 | 45 | |||||||||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||||||
Retirement Class | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3/31/21 | 14.86 | 0.27 | 4.99 | 5.26 | (0.26 | ) | – | (0.26 | ) | 19.86 | 35.58 | 35.56 | 533,102 | 0.74 | 0.72 | 1.52 | 1.51 | 45 | |||||||||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||||||
Retail Class | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3/31/21 | 14.09 | 0.25 | 4.73 | 4.98 | (0.25 | ) | – | (0.25 | ) | 18.82 | 35.57 | 35.55 | 367,908 | 0.79 | 0.76 | 1.48 | 1.46 | 45 | |||||||||||||||||||||||||||||||||||||||||||||||
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 |
a | Based on average shares outstanding. |
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 | 2021 Annual Report § TIAA-CREF Real Estate Securities Fund | See notes to financial statements | See notes to financial statements | TIAA-CREF Real Estate Securities Fund § 2021 Annual Report | 21 |
Real Estate Securities Fund
Note 1—organization
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 (“SEC”) under the Investment Company Act of 1940, as amended (“1940 Act”), as an open-end management investment company.
Teachers Advisors, LLC (“Advisors”), a wholly owned indirect subsidiary of Teachers Insurance and Annuity Association of America (“TIAA”), is registered with the SEC as an investment adviser and provides investment management services for the Fund.
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 TIAA.
The Fund offers five share classes: Institutional Class, Advisor Class, Premier Class, Retirement Class and Retail Class shares. Each class differs by the allocation of class-specific expenses and voting rights in matters affecting a single class.
Note 2—significant accounting policies
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.
Investments and investment income: Securities transactions are accounted for as of the trade date for financial reporting purposes. Interest income is recorded on an accrual basis and includes accretion of discounts and amortization of premiums. 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. 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.
22 | 2021 Annual Report ■ TIAA-CREF Real Estate Securities Fund |
Multiclass operations and allocations: 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, 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.
Distributions to shareholders: Distributions to shareholders are recorded on the ex-dividend date. The amount, character and timing of distributions are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP.
Foreign currency transactions and translation: The books and records of the Fund are maintained in U.S. dollars. Assets, including investments, and liabilities denominated in foreign currencies are translated into U.S. dollars at the end of each day. Purchases and sales of securities, income, and expenses are translated into U.S. dollars at the prevailing exchange rate on the respective dates of the transactions.
Net realized foreign currency gains and losses resulting from changes in exchange rates associated with (i) foreign currency, (ii) investments and (iii) derivatives include foreign currency gains and losses between trade date and settlement date of the transactions, foreign currency transactions, and the difference between the amounts of interest and dividends recorded on the books of the Fund and the amounts actually received and are recognized as a component of “Net realized gain (loss) on total investments” on the Statement of operations, when applicable.
The unrealized gains and losses resulting from changes in foreign currency exchange rates and changes in foreign exchange rates associated with (i) investments and (ii) other assets and liabilities are recognized as a component of “change in Net unrealized appreciation (depreciation) on total investments on the Statement of operations, when applicable.
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: Under the Trust’s organizational documents, its officers and directors are indemnified against certain liabilities arising out of the performance of their duties to the Trust. In addition, in the normal course of business, the Trust enters into contracts that provide general indemnifications to other parties. The Trust’s maximum exposure under these arrangements is unknown as this would
TIAA-CREF Real Estate Securities Fund ■ 2021 Annual Report | 23 |
Notes to financial statements
involve future claims that may be made against the Trust that have not yet occurred. However, the Trust has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.
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 calendar 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. 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.
New rule issuance: In December 2020, the SEC voted to adopt a new rule governing fund valuation practices. New Rule 2a-5 under the 1940 Act establishes requirements for determining fair value in good faith for purposes of the 1940 Act. Rule 2a-5 will permit fund boards to designate certain parties to perform fair value determinations, subject to board oversight and certain other conditions. Rule 2a-5 also defines when market quotations are “readily available” for purposes of Section 2(a)(41) of the 1940 Act, which requires a fund to fair value a security when market quotation are not readily available. The SEC also adopted new Rule 31a-4 under the 1940 Act, which sets forth the recordkeeping requirements associated with fair value determinations. Finally, the SEC is rescinding previously issued guidance on related issues, including the role of a board in determining fair value and the accounting and auditing of fund investments. Rule 2a-5 and Rule 31a-4 became effective on March 8, 2021, with a compliance date of September 8, 2022. A fund may voluntarily comply with the rules after the effective date, and in advance of the compliance date, under certain conditions. Management is currently assessing the impact of these provisions on the Funds’ financial statements.
Note 3—valuation of investments
The Fund’s investments in securities are recorded at their estimated fair value utilizing valuation methods approved by the Board. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. U.S. GAAP establishes the three-tier hierarchy that is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect management’s assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best
24 | 2021 Annual Report ■ TIAA-CREF Real Estate Securities Fund |
continued
information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.
• | Level 1 – Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities. |
• | Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit spreads, etc.). |
• | Level 3 – Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments). |
A description of the valuation techniques applied to the Fund’s major classifications of assets and liabilities measured at fair value follows:
Debt securities: Prices of fixed-income securities are provided by an independent pricing service (“pricing service”) approved by the Board. The pricing service establishes a security’s fair value using methods that may include consideration of the following: yields or prices of investments of comparable quality, type of issue, coupon, maturity and rating, market quotes or indications of value from security dealers, evaluations of anticipated cash flows or collateral, general market conditions and other information and analysis, including the obligor’s credit characteristics considered relevant. In pricing certain securities, particularly less liquid and lower quality securities, the pricing service may consider information about a security, its issuer or market activity, provided by Advisors. These securities are generally classified as Level 2.
Exchange-traded equity securities, common and preferred stock: Equity securities and exchange-traded funds 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. 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. To the extent these securities are actively traded and that valuation adjustments are not applied, they are categorized as Level 1. If there is no official close of business, then the latest available sale price is utilized. If no sales are reported, then the mean of the latest available bid and asked prices is utilized and the securities are generally classified as Level 2.
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 procedures adopted by the Board. These foreign securities are generally classified as Level 2.
Investments in registered investment companies: Investments in investment companies are valued at their respective NAVs on the valuation date and are generally classified as Level 1.
Any portfolio security or derivative for which market quotations are not readily available or for which the above valuation procedures are deemed not to reflect fair
TIAA-CREF Real Estate Securities Fund ■ 2021 Annual Report | 25 |
Notes to financial statements
value are valued at fair value, as determined in good faith using procedures approved by the Board. As a general principle, the fair value of a security would appear to be the amount that the owner might reasonably expect to receive for it in a current sale. A variety of factors may be considered in determining the fair value of such securities, which may include consideration of the following: yields or prices of investments of comparable quality, type of issue, coupon, maturity and rating, market quotes or indications of value from security dealers, evaluations of anticipated cash flows or collateral, general market conditions and other information and analysis, including the obligor’s credit characteristics considered relevant. To the extent the inputs are observable and timely, the values would be classified as Level 2; otherwise they would be classified as Level 3.
The following table summarizes the market value of the Fund’s investments as of March 31, 2021, based on the inputs used to value them:
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Equity investments: | ||||||||||||||||
Internet services & infrastructure | $ | 34,463,250 | $ | 28,796,670 | $ | – | $ | 63,259,920 | ||||||||
Residential REITs | 732,669,250 | 16,207,555 | – | 748,876,805 | ||||||||||||
All other equity investments* | 2,435,771,240 | – | – | 2,435,771,240 | ||||||||||||
Short-term investments | – | 34,316,995 | – | 34,316,995 | ||||||||||||
Total | $ | 3,202,903,740 | $ | 79,321,220 | $ | – | $ | 3,282,224,960 |
* | For detailed categories, see the accompanying Portfolio of investments. |
Note 4—investments
Purchases and sales: Purchases and sales of securities (other than short-term instruments) for the Fund for the year ended March 31, 2021 were as follows:
Non-U.S. government purchases | Non-U.S. government sales | |||||
$1,609,682,682 | $1,205,550,452 |
Note 5—income tax and other tax matters
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.
26 | 2021 Annual Report ■ TIAA-CREF Real Estate Securities Fund |
continued
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, 2021, permanent book and tax differences resulting primarily from differing treatments for foreign currency transactions 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.
Net unrealized appreciation (depreciation): At March 31, 2021, 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) | |||||||||||
$2,278,721,667 | $1,035,299,180 | $(31,795,887 | ) | $1,003,503,293 |
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.
Distributions to shareholders: The tax character of distributions paid to shareholders during the years ended March 31, 2021 and March 31, 2020 was as follows:
Ordinary income | Long-term capital gains | Total | |||||||||||
3/31/2021 | $ | 47,124,335 | $ | – | $ | 47,124,335 | |||||||
3/31/2020 | 65,151,969 | 100,228,608 | 165,380,577 |
Components of accumulated earnings: As of March 31, 2021, the components of accumulated earnings on a tax basis were as follows:
Fund | Undistributed ordinary income | Undistributed long-term capital gains | Unrealized appreciation (depreciation) | Capital loss carryover | Total | |||||||||||||||
Real Estate Securities | $3,684,329 | $30,064,546 | $ | 1,003,498,025 | $ | – | $ | 1,037,246,900 |
TIAA-CREF Real Estate Securities Fund ■ 2021 Annual Report | 27 |
Notes to financial statements
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, and the treatment of short term gain as ordinary income for tax purposes.
Note 6—investment adviser and other transactions with 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, 2021. Effective May 1, 2020, Advisors agreed to voluntarily waive a portion of the investment management fee. The investment management fee after the waiver was between 0.325% and 0.475%. This waiver is voluntary in nature and can be discontinued at any time without prior notice to shareholders upon Board approval.
The fee range represents a breakpoint schedule that reduces investment management fees as the Fund’s net assets increase. The Fund has 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 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 Statement of operations are paid to Advisors under the Service Agreement.
Under the terms of a distribution Rule 12b-1 plan, the Retail Class of the Fund compensates 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 the Fund is subject to a distribution Rule 12b-1 plan that compensates 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 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 0.545% of average daily net assets for the Institutional Class shares; 0.695% of average daily net assets for the Advisor Class shares; 0.695% of average daily net assets for the Premier Class shares; 0.795% of average daily net assets for the Retirement Class shares; and 0.935% of the average daily net assets for the Retail Class shares. The expense reimbursement arrangements will continue through at least July 31, 2021, unless changed with approval of the Board. Prior to May 1, 2020, the expense caps
28 | 2021 Annual Report ■ TIAA-CREF Real Estate Securities Fund |
continued
were 0.57% for the Institutional Class, 0.72% for the Advisor Class, 0.72% for the Premier Class, 0.82% for the Retirement Class, and 0.96% for the Retail Class.
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, 2021, these transactions did not materially impact the Fund.
At March 31, 2021, TIAA Access, a registered separate account of TIAA, owned 12% 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, 2021, one 529 Plan owned 9% 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, 2021, there were no affiliated investments.
Note 7—inter-fund lending program
Pursuant to an exemptive order issued by the SEC, 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, 2021, there were no inter-fund borrowing or lending transactions.
Note 8—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 16, 2020 expiring on June 15, 2021, replacing the previous facility, which expired June 2020. Certain affiliated accounts and mutual funds, each of which is managed by Advisors, or an
TIAA-CREF Real Estate Securities Fund ■ 2021 Annual Report | 29 |
Notes to financial statements | concluded |
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, 2021, there were no borrowings under this credit facility by the Fund.
30 | 2021 Annual Report ■ TIAA-CREF Real Estate Securities Fund |
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, 2021, the related statement of operations for the year ended March 31, 2021, the statement of changes in net assets for each of the two years in the period ended March 31, 2021, including the related notes, and the financial highlights for each of the five years in the period ended March 31, 2021 (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, 2021, 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, 2021 and the financial highlights for each of the five years in the period ended March 31, 2021 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, 2021 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 21, 2021
We have served as the auditor of one or more investment companies in TIAA-CREF Funds’ investment company group since 2005.
TIAA-CREF Real Estate Securities Fund ■ 2021 Annual Report | 31 |
Important tax information (unaudited)
For the year ended March 31, 2021, the Fund designates 1.5% (or the maximum amount allowable) of ordinary income dividends paid as qualified dividend income.
For the year ended March 31, 2021, the Fund designates 1.5% (or the maximum amount allowable) of ordinary income dividends paid as qualifying for the corporate dividends received deduction.
For the year ended March 31, 2021, the Fund designates 88.3% (or maximum amount allowable) of ordinary income dividends paid as qualified business income.
The information and distributions reported herein may differ from the information and distributions reported to shareholders for the calendar year ending December 31, 2021, which will be reported in conjunction with your 2021 Form 1099-DIV.
By early 2022, 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.
32 | 2021 Annual Report ■ TIAA-CREF Real Estate Securities Fund |
Trustees and officers (unaudited)
TIAA-CREF Funds ■ May 12, 2021
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). | 88 | 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). | 88 | Board Member, Lumina Foundation 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, Northwestern University (2002–2011 and since 2013), Senior Associate Dean for Strategy and Academics (since 2020) and Chair of the Finance Department (2005–2007). Assistant Secretary for Economic Policy, United States Department of the Treasury (2011–2013). | 88 | Member of the Board of the Office of Finance, Federal Home Loan Banks; Director, Avant, LLC; Member of the Executive Board, American Economic Association. |
TIAA-CREF Real Estate Securities Fund ■ 2021 Annual Report | 33 |
Trustees and officers (unaudited) | continued |
TIAA-CREF Funds ■ May 12, 2021
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 | |||||
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 of certain funds advised by American Beacon Advisors, Inc. | 88 | 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 (2014–2021) and Chief Operating Officer (2007–2014), Copper Rock Capital Partners, LLC. Chief Operating Officer, DDJ Capital Management (2003–2006). | 88 | Trustee, Dexter Southfield School; Member, Governing Council of the Independent Directors Council. | |||||
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 President and Provost (2010–2012), Acting Dean (2009), Vice Dean for Budget (2003–2006) and on the faculty (since 1989) of Harvard Law School. | 88 | 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. Trustee since 2011; Chairman for term ending June 30, 2023. 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. | 88 | Director and Chair of the Finance and Investment Committee, Aflac Incorporated; Director and Investment Committee Member, Sansum Clinic; Director, ParentSquare; Member, University of California at Santa Barbara Arts and Lectures Advisory Council. |
34 | 2021 Annual Report ■ TIAA-CREF Real Estate Securities Fund |
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. | 88 | Director, National Bureau of Economic Research; Trustee, Alfred P. Sloan Foundation; Member, Congressional Budget Office Panel of Economic Advisers. | |||||
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). | 88 | Director, TheraTrue Inc. | |||||
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 (2019–2020), Vice President (2013–2018), Society of Financial Studies. President (since 2020), Vice President (2019–2020) American Finance Association. | 88 | Texa$aver Product Committee Member, Employees Retirement System of Texas. |
TIAA-CREF Real Estate Securities Fund ■ 2021 Annual Report | 35 |
Trustees and officers (unaudited) | concluded |
TIAA-CREF Funds ■ May 12, 2021
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 | |||
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 College Retirement Equities Fund (“CREF”), TIAA Separate Account VA-1, TIAA-CREF Funds and TIAA-CREF Life Funds (collectively, 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 and Corporate Secretary of TIAA and the TIAA-CREF Fund Complex. Formerly, Managing Director, Special Assistant to the CEO, and Managing Director, Regulatory Affairs, TIAA. Prior to joining TIAA, Mr. Dorn served as a partner at Davis & Harman LLP and an adjunct professor of Law at Georgetown University Law Center. | |||
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. Chief Executive Officer and President of CREF and TIAA Separate Account VA-1. 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, President and Chief Investment Officer, Nuveen; Executive Vice President, Chief Investment Officer and President, Nuveen Global Investments; and Senior Managing Director, President, Global Investments, TIAA. |
36 | 2021 Annual Report ■ TIAA-CREF Real Estate Securities Fund |
David Nason TIAA 730 Third Ave. New York, NY 10017-3206 YOB: 1970 | Executive Vice President | One-year term. Executive Vice President since 2020. | Senior Executive Vice President, Chief Legal, Risk and Compliance Officer of TIAA. Executive Vice President of the TIAA-CREF Fund Complex. Formerly, Executive Vice President, Chief Risk and Compliance Officer, TIAA. Prior to joining TIAA, Mr. Nason served as President and CEO of GE Energy Financial Services. | |||
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. | |||
E. Scott Wickerham TIAA 730 Third Avenue New York, NY 10017-3206 YOB: 1973 | Principal Financial Officer, Principal Accounting Officer and Treasurer | One-year term. 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 Fund Complex; 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.
TIAA-CREF Real Estate Securities Fund ■ 2021 Annual Report | 37 |
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 any initial approval or annual renewal of an investment management agreement 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 (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 videoconference meeting on March 12, 2021, 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
38 | 2021 Annual Report ■ TIAA-CREF Real Estate Securities Fund |
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 representatives of Advisors, 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 for the Fund, including data relating to the Fund’s management fee rate, total expense ratio, short-term and long-term investment performance, brokerage commission costs and portfolio turnover rate. Broadridge compared this data, as relevant, for the Fund against a universe of investment companies (except for brokerage commission costs) 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 considered, 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 (as applicable) 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 shares as the base share class for comparison purposes.
In advance of the Board meeting held on March 12, 2021, 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; (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
TIAA-CREF Real Estate Securities Fund ■ 2021 Annual Report | 39 |
Approval of investment management agreement (unaudited)
continued or modified in the coming year; (3) a comparison of the 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 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) draft narrative explanations to be included in shareholder reports 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 4, 2021, the Board held a videoconference meeting with legal counsel to the Trustees to discuss Advisors’ materials, which led to the Trustees providing additional questions to, and requesting additional information from, Advisors. Subsequently, at the March 12, 2021 meeting, the Trustees were given the opportunity to, and did, ask additional questions and they discussed 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 considered 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 by Advisors 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 identified by Advisors 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 including, among other information, the current and expected impact on the Fund’s performance and operations. As a general matter, the Board considered
40 | 2021 Annual Report ■ TIAA-CREF Real Estate Securities Fund |
continued
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 12, 2021 meeting that included Advisors’ personnel, the Trustees met in executive sessions, at which no representatives of Advisors 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 12, 2021 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, discussed 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 their regularly scheduled meetings, the Board and its Investment Committee and its other Committees receive and discuss information regarding the performance of the Fund and other matters. 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 12, 2021, 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 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
TIAA-CREF Real Estate Securities Fund ■ 2021 Annual Report | 41 |
Approval of investment management agreement (unaudited)
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 ended December 31, 2020. 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 Fund for the calendar year 2020. 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, 2020. The Board also considered Advisors’ voluntary effort to reduce the Fund’s management fee rate by 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
42 | 2021 Annual Report ■ TIAA-CREF Real Estate Securities Fund |
continued
operating expenses exceeded a specified amount. The Board concluded that the profits earned by Advisors in 2020 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 for 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’ reimbursement to the Fund for all of the soft dollar amounts the Fund spent on research during the year. 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.
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
TIAA-CREF Real Estate Securities Fund ■ 2021 Annual Report | 43 |
Approval of investment management agreement (unaudited)
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, administration and investment-related benefits, 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. When the Fund is described in the following discussion 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-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, 2020. Under the Morningstar rating system, an Overall Morningstar Rating of 5 stars is the highest (best) rating category and 1 star is the
44 | 2021 Annual Report ■ TIAA-CREF Real Estate Securities Fund |
concluded
lowest (worst) rating category. The Morningstar data is as of December 31, 2020. The statement below regarding the Fund’s “effective management fee rate” refers 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, 2020 asset level was 0.470% of average daily net assets, which includes the effect of a voluntary management fee rate waiver of 0.025% for the year ended 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 1st quintile of both the group of comparable funds selected by Broadridge for performance comparison purposes and 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.
TIAA-CREF Real Estate Securities Fund ■ 2021 Annual Report | 45 |
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 9, 2021 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 January 1, 2020 through December 31, 2020 (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.
46 | 2021 Annual Report ■ TIAA-CREF Real Estate Securities Fund |
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.
TIAA-CREF Real Estate Securities Fund ■ 2021 Annual Report | 47 |
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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
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 for informational or educational purposes only and does not constitute fiduciary investment advice under ERISA, a securities recommendation under all securities laws, or an insurance product recommendation under state insurance laws or regulations. This material does not take into account any specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should be made based on the investor’s own objectives and circumstances.
©2021 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 | March 31, | |
Funds | 2021 |
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 | TIBDX | TIBHX | TIDPX | TIDRX | TIORX | TBBWX | ||||||
Core Impact Bond Fund | TSBIX | TSBHX | TSBPX | TSBBX | TSBRX | — | ||||||
Core Plus Bond 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
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 not be sent to you 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.
You may elect to receive shareholder reports and other communications from the Funds electronically anytime by either (1) 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 (2) 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 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 receive 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, 2021. 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, 2021. | |
• | 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 websites at TIAA.org or nuveen.com, 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 ■ 2021 Annual Report | 3 |
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The U.S. bond market posted broad gains for the twelve months ended March 31, 2021, as the U.S. economy, which struggled early in the period with the effects of the COVID-19 pandemic, later experienced a gradual recovery. For the period, each of the major fixed-income sectors produced positive results. All eleven TIAA-CREF Fixed-Income Funds, as well as the Money Market Fund, advanced over the twelve months.
• The broad U.S. bond market, as measured by the Bloomberg Barclays U.S. Aggregate Bond Index, gained 0.7% for the period. • Institutional Class returns for seven of the eleven fixed-income funds outperformed the results of their respective benchmarks. Please see page 8 for benchmark definitions. • Among the four remaining funds, the Inflation-Linked Bond Fund and the two index funds slightly lagged their benchmarks. The High-Yield Fund posted a strong double-digit gain, but also trailed its benchmark. The Money Market Fund modestly outperformed its benchmark.
Bonds gained as economy recovered Although the U.S. economy contracted sharply early in the period, it rebounded over the summer and continued to grow into 2021. The unemployment rate, which spiked in April 2020, declined gradually over the course of the year, reflecting the economic recovery. The Federal Reserve held steady over the twelve months, maintaining the federal funds target rate at 0.00%–0.25%. Adding fuel to the economy, the federal government enacted two pandemic relief measures—a $900 billion stimulus package in December 2020 and a $1.9 trillion COVID-19 relief bill in March 2021. The Bloomberg Barclays U.S. Aggregate Bond Index had steady gains for the first nine months of the period, but its advance was trimmed during the final three months when longer-term interest rates rose (bond yields move in the opposite direction of prices). High-yield bonds were the strongest fixed-income performers by a wide margin. U.S. Treasury inflation-protected securities and municipal bonds also generated solid returns, while short-term securities produced more modest gains.
All TIAA-CREF Funds recorded gains Each of the TIAA-CREF Fixed-Income Funds generated a positive return for the twelve-month period. Performance for the Institutional Class ranged from 0.5% for the Bond Index Fund to 19.9% for the High-Yield Fund. The High-Yield Fund’s gain trailed that of its benchmark, the ICE BofA BB-B U.S. Cash Pay High Yield Constrained Index. The Green Bond Fund returned 8.3%—more than double the performance of its benchmark, the Bloomberg Barclays MSCI U.S. Green Bond Index. The Fund’s relative performance was aided most by holdings in the corporate bond sector. |
4 | 2021 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
The Core Plus Bond Fund advanced 7.8%, while the Core Bond Fund gained 5.8% and the Core Impact Bond Fund returned 5.1%. All three funds outperformed their common benchmark, the Bloomberg Barclays U.S. Aggregate Bond Index, by wide margins. The funds benefited from overweight positions in the strong-performing corporate bond sector and underweight positions in the U.S. Treasury sector, which declined for the period.
The Inflation-Linked Bond Fund gained 7.5% but modestly trailed its benchmark, the Bloomberg Barclays U.S. Treasury Inflation Protected Securities (TIPS) 1–10 Year Index, primarily due to the effect of expenses. The 5–15 Year Laddered Tax-Exempt Bond Fund advanced 6.5% to outpace its benchmark, the Bloomberg Barclays 10-Year Municipal Bond Index. Holdings in the transportation sector boosted the fund’s relative performance most.
The Short Duration Impact Bond Fund returned 6.9%, while the Short-Term Bond Fund gained 4.2%. Both handily exceeded the advance of their shared benchmark, the Bloomberg Barclays U.S. 1–3 Year Government/Credit Bond Index. A gain of 1.5% by the Short-Term Bond Index Fund fell short of the same benchmark, mostly due to the effect of expenses. The Bond Index Fund’s return underperformed that of its benchmark, the Bloomberg Barclays U.S. Aggregate Bond Index, also primarily due to the effect of expenses.
The Money Market Fund returned 0.1% and modestly outperformed its benchmark, the iMoneyNet Money Fund Averages™—All Government.
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.
Staying on course to achieve long-term goals
Despite the challenges of the past year, we believe there are reasons to feel more optimistic. The economic outlook in the United States has improved as the economy continues to show clear signs of growth. But, as always, the road ahead is far from certain. Recoveries often occur unevenly, and new concerns may develop along the way.
It’s understandable that some investors may consider making changes in their investment strategies to capitalize on the potential for short-term changes in the economy or financial markets. But in our view, investors should take a step back and look at the big picture. History has shown that maintaining a long-term perspective and following a well-thought-out financial plan is often a more prudent approach in helping investors reach their goals. We believe professionally managed fixed-income mutual funds can play an integral role in a diversified portfolio with multiple asset classes. Of course, diversification cannot guarantee against market losses.
Please feel free to visit TIAA.org for more information on asset class performance. As always, if you have any questions or need help with your TIAA-CREF fixed-income portfolio, we encourage you to contact your financial advisor or call a TIAA financial consultant at 800-842-2252. We stand ready to help you.
/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 ■ 2021 Annual Report | 5 |
Bond markets gained while economy returned to growth
All major U.S. fixed-income markets advanced for the twelve-month period. The economy initially struggled with the impact of the COVID-19 pandemic, but as the period progressed, economic growth resumed. Aggressive monetary and fiscal actions, as well as the wide distribution of new virus vaccines later in the period, helped to bolster growth. The Federal Reserve left historically low short-term interest rates in place while also moving aggressively to support credit markets. The federal government enacted two large economic stimulus measures in December 2020 and March 2021. Investment-grade fixed-rate bonds, as represented by the Bloomberg Barclays U.S. Aggregate Bond Index, returned 0.7% for the period. Strong gains in the first half of the period were partially offset by losses in the first quarter of 2021.
Amid a very low interest-rate environment and a recovering economy, investors willing to take on additional risk for potentially greater returns were attracted to high-yield bonds. U.S. high-yield securities, as measured by the ICE BofA BB-B U.S. Cash Pay High Yield Constrained Index, returned 21.0%. The Bloomberg Barclays U.S. Treasury Inflation Protected Securities (TIPS) 1–10 Year Index gained 8.1%. Municipal bonds, as represented by the Bloomberg Barclays 10-Year Municipal Bond Index, advanced 5.4%. Short-term bonds, as represented by the Bloomberg Barclays U.S. 1–3 Year Government/Credit Bond Index, gained 1.6%.
High-yield bonds soared as economy recovered
U.S. bond performance: twelve months ended March 31, 2021
Source: Investment grade: Bloomberg Barclays U.S. Aggregate Bond Index; Short term: Bloomberg Barclays U.S. 1–3 Year Government/Credit Index; Municipals: Bloomberg Barclays 10-Year Municipal Bond Index; Inflation protected: Bloomberg Barclays U.S. TIPS 1-10 Years Index; Corporate high yield: ICE BofA BB-B U.S. Cash Pay High Yield Constrained Index. As of March 31, 2021.
Economy rebounded after initial COVID-19 impact
Real gross domestic product (GDP), which measures the value of all goods and services produced in the United States, posted a severe –31.4% contraction during the second quarter of 2020. The economy suffered as businesses temporarily closed and travel was restricted in response to the COVID-19 pandemic. But GDP quickly recovered, expanding by 33.4% and 4.3% in the third and fourth quarters of 2020, respectively.
The U.S. unemployment rate, which had soared to 14.7% in April 2020, declined steadily through the rest of the period and settled at 6.0% in March 2021. Core inflation, which includes all items except food and energy, rose 1.6% for the twelve months ended March 31, 2021. Oil prices, which plunged when global economies shrank in the early stages of the pandemic, bounced back as growth resumed. The price of West Texas Intermediate crude oil climbed from $20 to $59 per barrel during the period. The U.S. dollar lost ground against other major currencies over the twelve months.
The broad U.S. stock market, as measured by the Russell 3000® Index, vaulted 62.5% for the period. Yields on short-term U.S. Treasury securities declined, but yields on bonds with longer maturities (three years and higher) rose during the period.
Fed held firm on historically low rates
The Fed, which had aggressively cut the federal funds target rate to 0.00–0.25% in March 2020, left the key short-term interest-rate measure unchanged for the twelve-month period. The Fed also supported financial markets by purchasing securities and offering credit to key market participants. Furthermore, the Fed maintained that there would be no action on rates until it saw specific signs of continued economic strength.
6 | 2021 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 websites at TIAA.org or nuveen.com; 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 ■ 2021 Annual Report | 7 |
The Bloomberg Barclays U.S. Aggregate Bond Index measures 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.
The Bloomberg Barclays U.S. 1–3 Year Government/Credit Bond Index measures the performance of U.S. Treasury and agency securities and corporate bonds with 1- to 3-year maturities.
The ICE BofA BB-B U.S. Cash Pay High Yield Constrained Index measures 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.
The Bloomberg Barclays 10-Year Municipal Bond Index measures 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.
The Bloomberg Barclays U.S. Treasury Inflation Protected Securities (TIPS) 1–10 Year Index measures 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).
The Bloomberg Barclays MSCI U.S. Green Bond Index measures 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 | 2021 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, 2020–March 31, 2021).
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 ■ 2021 Annual Report | 9 |
Expense example
Six months ended March 31, 2021
Bond Index Fund | Beginning account value (10/1/20) | Ending account value (3/31/21) | Expenses paid during period* (10/1/20– 3/31/21) | ||||||||
Actual return | |||||||||||
Institutional Class | $ | 1,000.00 | $ | 972.22 | $0.54 | ||||||
Advisor Class | 1,000.00 | 971.75 | 1.03 | ||||||||
Premier Class | 1,000.00 | 971.50 | 1.28 | ||||||||
Retirement Class | 1,000.00 | 971.88 | 1.77 | ||||||||
Retail Class | 1,000.00 | 970.77 | 2.06 | ||||||||
Class W | 1,000.00 | 973.63 | 0.00 | ||||||||
5% annual hypothetical return | |||||||||||
Institutional Class | 1,000.00 | 1,024.38 | 0.56 | ||||||||
Advisor Class | 1,000.00 | 1,023.88 | 1.06 | ||||||||
Premier Class | 1,000.00 | 1,023.64 | 1.31 | ||||||||
Retirement Class | 1,000.00 | 1,023.14 | 1.82 | ||||||||
Retail Class | 1,000.00 | 1,022.84 | 2.12 | ||||||||
Class W | 1,000.00 | 1,024.93 | 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 182/365. There were 182 days in the six months ended March 31, 2021. The Fund’s annualized six-month expense ratios for that period were 0.11% for the Institutional Class, 0.21% for the Advisor Class, 0.26% for the Premier Class, 0.36% for the Retirement Class, 0.42% 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 3/31/2021 | ||
U.S. Treasury securities | 36.6 | ||
Mortgage-backed securities | 27.4 | ||
Corporate bonds | 22.5 | ||
Foreign government & corporate bonds denominated in U.S. dollars | 8.0 | ||
Commercial mortgage-backed securities | 2.1 | ||
U.S. agency securities | 1.4 | ||
Municipal bonds | 0.8 | ||
Asset-backed securities | 0.6 | ||
Short-term investments, other assets & liabilities, net | 0.6 | ||
Total | 100.0 |
Performance for the twelve months ended March 31, 2021
The Bond Index Fund returned 0.46% for the Institutional Class, compared with the 0.71% return of its benchmark, the Bloomberg Barclays U.S. Aggregate Bond Index. The performance table shows returns for all share classes of the Fund.
Economic growth resumed after pandemic setback
The U.S. economy contracted sharply early in the period due to the COVID-19 outbreak and global efforts to contain the spread of the virus. But the nation’s output recovered during the summer of 2020, and economic growth continued through the rest of the year and into 2021. The unemployment rate, which had spiked to 14.7% in April 2020, declined steadily during the period and settled at 6.0% in March 2021. Core inflation, which measures all items except food and energy, rose 1.6% over the twelve months ended March 2021. Crude oil prices, hit hard in the early stages of the pandemic, rose from $20 to $59 per barrel during the period.
The Federal Reserve, which had reduced the federal funds target rate in March 2020, kept the key short-term interest-rate measure at 0.00%–0.25% throughout the period. Meanwhile, the federal government enacted a $900 billion pandemic aid package in December 2020, followed by a $1.9 trillion COVID-19 relief bill in March 2021.
All major categories of the fixed-income market produced gains for the period. High-yield bonds performed best, with double-digit returns, followed by U.S. Treasury inflation-protected securities (TIPS), municipal bonds and shorter-term bonds. The Bloomberg Barclays U.S. Aggregate Bond Index, a broad measure of the U.S. investment-grade fixed-rate bond market, posted the smallest advance.
Treasury sector decline dampened overall performance of the benchmark
Most of the sectors within the Bloomberg Barclays U.S. Aggregate Bond Index advanced for the twelve months, with the notable exception of Treasuries—the benchmark’s largest sector at 37.4%—which returned –4.4% due to a spike in longer-term yields toward the end of the period. Corporate bonds, the second-largest sector with a weighting of 27.0%, had the strongest performance, rising 8.7%. Mortgage-backed securities, the third-largest sector in the index at 26.0%, posted the only other loss, returning –0.1%. Smaller sectors, including asset-backed securities, commercial mortgage-backed securities (CMBS) and government credit securities, delivered gains of 5.1%, 4.4% and 3.2%, 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 | 2021 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
Performance as of March 31, 2021
Bond Index Fund | Total return | Average annual total return | Annual operating expenses* | |||||||||||||||||||||
Inception date | 1 year | 5 years | 10 years | gross | net | |||||||||||||||||||
Institutional Class | 9/14/09 | 0.46 | % | 2.92 | % | 3.30 | % | 0.11 | % | 0.11 | % | |||||||||||||
Advisor Class | 12/4/15 | 0.36 | 2.83 | 3.24 | † | 0.22 | 0.22 | |||||||||||||||||
Premier Class | 9/30/09 | 0.40 | 2.77 | 3.14 | 0.27 | 0.27 | ||||||||||||||||||
Retirement Class | 9/14/09 | 0.30 | 2.69 | 3.04 | 0.37 | 0.37 | ||||||||||||||||||
Retail Class | 9/14/09 | 0.24 | 2.61 | 2.95 | 0.43 | 0.43 | ||||||||||||||||||
Class W | 9/28/18 | 0.66 | 3.00 | † | 3.33 | † | 0.11 | 0.00 | ||||||||||||||||
Bloomberg Barclays U.S. Aggregate Bond Index | — | 0.71 | 3.10 | 3.44 | — | — |
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, 2021, unless changed with the approval of the Board of Trustees. Without these reimbursements, expenses would be higher and returns lower. Refer to the Financial highlights later in this report for the Fund’s expense ratios as of the end of the reporting period. |
† | The performance shown for the Advisor Class and Class W that is prior to their respective inception dates is based on the 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. |
$10,000,000 over 10 years
Institutional Class
Ending amounts are as of March 31, 2021. 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 3/31/2021 | ||
Less than 1 year | 1.3 | |
1–3 years | 16.4 | |
3–5 years | 35.8 | |
5–10 years | 28.0 | |
Over 10 years | 18.5 | |
Total | 100.0 |
Holdings by credit quality
% of fixed-income investments (excluding short-term investments) as of 3/31/2021 | ||
U.S. Treasury & U.S. agency securities* | 65.5 | |
Aaa/AAA | 4.9 | |
Aa/AA | 3.3 | |
A/A | 11.6 | |
Baa/BBB | 14.7 | |
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 3/31/2021 | |
Net assets | $19.52 billion |
Portfolio turnover rate | 29% |
Number of issues | 7,930 |
Option-adjusted duration‡ | 6.41 years |
Average maturity§ | 8.20 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 ■ 2021 Annual Report | 11 |
Expense example
Six months ended March 31, 2021
Core Bond Fund | Beginning account value (10/1/20) | Ending account value (3/31/21) | Expenses paid during period* (10/1/20– 3/31/21) | ||||||||
Actual return | |||||||||||
Institutional Class | $ | 1,000.00 | $ | 989.10 | $1.44 | ||||||
Advisor Class | 1,000.00 | 988.48 | 2.08 | ||||||||
Premier Class | 1,000.00 | 987.44 | 2.18 | ||||||||
Retirement Class | 1,000.00 | 987.36 | 2.68 | ||||||||
Retail Class | 1,000.00 | 988.03 | 2.87 | ||||||||
Class W | 1,000.00 | 990.54 | 0.00 | ||||||||
5% annual hypothetical return | |||||||||||
Institutional Class | 1,000.00 | 1,023.49 | 1.46 | ||||||||
Advisor Class | 1,000.00 | 1,022.84 | 2.12 | ||||||||
Premier Class | 1,000.00 | 1,022.74 | 2.22 | ||||||||
Retirement Class | 1,000.00 | 1,022.24 | 2.72 | ||||||||
Retail Class | 1,000.00 | 1,022.04 | 2.92 | ||||||||
Class W | 1,000.00 | 1,024.93 | 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 182/365. There were 182 days in the six months ended March 31, 2021. The Fund’s annualized six-month expense ratios for that period were 0.29% for the Institutional Class, 0.42% for the Advisor Class, 0.44% for the Premier Class, 0.54% for the Retirement Class, 0.58% 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 3/31/2021 | ||
Corporate bonds | 29.5 | ||
Mortgage-backed securities | 24.7 | ||
Foreign government & corporate bonds denominated in U.S. dollars | 15.3 | ||
U.S. Treasury securities | 11.6 | ||
Commercial mortgage-backed securities | 6.0 | ||
Asset-backed securities | 5.6 | ||
Bank loan obligations | 2.4 | ||
Municipal bonds | 2.0 | ||
U.S. agency securities | 0.5 | ||
Preferred stock | 0.1 | ||
Short-term investments, other assets & liabilities, net | 2.3 | ||
Total | 100.0 |
Performance for the twelve months ended March 31, 2021
The Core Bond Fund returned 5.84% for the Institutional Class, compared with the 0.71% return of its benchmark, the Bloomberg Barclays U.S. Aggregate Bond Index. The performance table shows returns for all share classes of the Fund.
Economic growth resumed after pandemic setback
The U.S. economy contracted sharply early in the period due to the COVID-19 outbreak and global efforts to contain the spread of the virus. But the nation’s output recovered during the summer of 2020, and economic growth continued through the rest of the year and into 2021. The unemployment rate, which had spiked to 14.7% in April 2020, declined steadily during the period and settled at 6.0% in March 2021. Core inflation, which measures all items except food and energy, rose 1.6% over the twelve months ended March 2021. Crude oil prices, hit hard in the early stages of the pandemic, rose from $20 to $59 per barrel during the period.
The Federal Reserve, which had reduced the federal funds target rate in March 2020, kept the key short-term interest-rate measure at 0.00%–0.25% throughout the period. Meanwhile, the federal government enacted a $900 billion pandemic aid package in December 2020, followed by a $1.9 trillion COVID-19 relief bill in March 2021.
All major categories of the fixed-income market produced gains for the period. High-yield bonds performed best, with double-digit returns, followed by U.S. Treasury inflation-protected securities (TIPS), municipal bonds and shorter-term bonds. The Bloomberg Barclays U.S. Aggregate Bond Index, a broad measure of the U.S. investment-grade fixed-rate bond market, posted the smallest advance.
Treasury sector decline dampened overall performance of the benchmark
Most of the sectors within the Bloomberg Barclays U.S. Aggregate Bond Index advanced for the twelve months, with the notable exception of Treasuries—the benchmark’s largest sector at 37.4%—which returned –4.4% due to a spike in longer-term yields toward the end of the period. Corporate bonds, the second-largest sector with a weighting of 27.0%, had the strongest performance, rising 8.7%. Mortgage-backed securities, the third-largest sector in the index at 26.0%, posted the only other loss, returning –0.1%. Smaller sectors, including asset-backed securities (ABS), commercial mortgage-backed securities (CMBS) and government credit securities, delivered gains of 5.1%, 4.4% and 3.2%, respectively.
Fund substantially outperformed its benchmark
The Fund outperformed its benchmark by a large margin for the period, primarily as a result of favorable allocation decisions. Chief among these was an overweight position in the strong-performing corporate bond sector, which benefited from the economic recovery and low corporate taxes. The next-largest contributor was a significant underweight position in the U.S. Treasuries sector, which declined for the period. Favorable yield curve positioning—how the Fund was invested across different maturities—within this sector also helped considerably. In addition, the Fund benefited from overweight positions and security selection in the ABS and CMBS sectors. A small cash position was the only detractor.
12 | 2021 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
Performance as of March 31, 2021
Core Bond 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 | 5.84 | % | 3.81 | % | 4.10 | % | 0.30 | % | 0.30 | % | |||||||||||||
Advisor Class | 12/4/15 | 5.70 | 3.73 | 4.06 | † | 0.43 | 0.43 | |||||||||||||||||
Premier Class | 9/30/09 | 5.58 | 3.63 | 3.94 | 0.45 | 0.45 | ||||||||||||||||||
Retirement Class | 3/31/06 | 5.51 | 3.55 | 3.84 | 0.55 | 0.55 | ||||||||||||||||||
Retail Class | 3/31/06 | 5.47 | 3.51 | 3.79 | 0.59 | 0.59 | ||||||||||||||||||
Class W | 9/28/18 | 6.15 | 3.96 | † | 4.18 | † | 0.30 | 0.00 | ||||||||||||||||
Bloomberg Barclays U.S. Aggregate Bond Index | — | 0.71 | 3.10 | 3.44 | — | — |
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, 2021, unless changed with the approval of the Board of Trustees. Without these reimbursements, expenses would be higher and returns lower. Refer to the Financial highlights later in this report for the Fund’s expense ratios as of the end of the reporting period. |
† | The performance shown for the Advisor Class and Class W that is prior to their respective inception dates is based on the 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. |
$2,000,000 over 10 years
Institutional Class
Ending amounts are as of March 31, 2021. 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 3/31/2021 | ||
Less than 1 year | 1.6 | |
1–3 years | 15.6 | |
3–5 years | 27.9 | |
5–10 years | 41.6 | |
Over 10 years | 13.3 | |
Total | 100.0 |
Holdings by credit quality
% of fixed-income investments (excluding short-term investments) as of 3/31/2021 | |
U.S. Treasury & U.S. agency securities* | 36.2 |
Aaa/AAA | 6.5 |
Aa/AA | 5.5 |
A/A | 13.2 |
Baa/BBB | 26.4 |
Ba/BB | 5.6 |
B/B | 4.0 |
Below B/B | 0.4 |
Non-rated | 2.2 |
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 3/31/2021 | |
Net assets | $8.70 billion |
Portfolio turnover rate | 229% |
Portfolio turnover rate, excluding mortgage dollar-roll transactions | 117% |
Number of issues | 2,094 |
Option-adjusted duration‡ | 5.73 years |
Average maturity§ | 7.46 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 ■ 2021 Annual Report | 13 |
Expense example
Six months ended March 31, 2021
Core Impact Bond Fund | Beginning account value (10/1/20) | Ending account value (3/31/21) | Expenses paid during period* (10/1/20– 3/31/21) | ||||||||
Actual return | |||||||||||
Institutional Class | $ | 1,000.00 | $ | 984.43 | $1.73 | ||||||
Advisor Class | 1,000.00 | 984.03 | 2.13 | ||||||||
Premier Class | 1,000.00 | 983.50 | 2.67 | ||||||||
Retirement Class | 1,000.00 | 983.19 | 2.97 | ||||||||
Retail Class | 1,000.00 | 983.13 | 3.02 | ||||||||
5% annual hypothetical return | |||||||||||
Institutional Class | 1,000.00 | 1,023.19 | 1.77 | ||||||||
Advisor Class | 1,000.00 | 1,022.79 | 2.17 | ||||||||
Premier Class | 1,000.00 | 1,022.24 | 2.72 | ||||||||
Retirement Class | 1,000.00 | 1,021.94 | 3.02 | ||||||||
Retail Class | 1,000.00 | 1,021.89 | 3.07 |
* | “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 182/365. There were 182 days in the six months ended March 31, 2021. The Fund’s annualized six-month expense ratios for that period were 0.35% for the Institutional Class, 0.43% for the Advisor Class, 0.54% for the Premier Class, 0.60% for the Retirement Class and 0.61% 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 3/31/2021 |
Corporate bonds | 26.9 |
Mortgage-backed securities | 22.3 |
Foreign government & corporate bonds denominated in U.S. dollars | 21.7 |
Municipal bonds | 7.5 |
U.S. Treasury securities | 6.0 |
U.S. agency securities | 4.5 |
Commercial mortgage-backed securities | 4.4 |
Asset-backed securities | 3.4 |
Bank loan obligations | 0.1 |
Preferred stock | 1.0 |
Short-term investments, other assets & liabilities, net | 2.2 |
Total | 100.0 |
Performance for the twelve months ended March 31, 2021
The Core Impact Bond Fund returned 5.13% for the Institutional Class, compared with the 0.71% return of its benchmark, the Bloomberg Barclays U.S. Aggregate Bond Index. The performance table shows returns for all share classes of the Fund.
Economic growth resumed after pandemic setback
The U.S. economy contracted sharply early in the period due to the COVID-19 outbreak and global efforts to contain the spread of the virus. But the nation’s output recovered during the summer of 2020, and economic growth continued through the rest of the year and into 2021. The unemployment rate, which had spiked to 14.7% in April 2020, declined steadily during the period and settled at 6.0% in March 2021. Core inflation, which measures all items except food and energy, rose 1.6% over the twelve months ended March 2021. Crude oil prices, hit hard in the early stages of the pandemic, rose from $20 to $59 per barrel during the period.
The Federal Reserve, which had reduced the federal funds target rate in March 2020, kept the key short-term interest-rate measure at 0.00%–0.25% throughout the period. Meanwhile, the federal government enacted a $900 billion pandemic aid package in December 2020, followed by a $1.9 trillion COVID-19 relief bill in March 2021.
All major categories of the fixed-income market produced gains for the period. High-yield bonds performed best, with double-digit returns, followed by U.S. Treasury inflation-protected securities (TIPS), municipal bonds and shorter-term bonds. The Bloomberg Barclays U.S. Aggregate Bond Index, a broad measure of the U.S. investment-grade fixed-rate bond market, posted the smallest advance.
Treasury sector decline dampened overall performance of the benchmark
Most of the sectors within the Bloomberg Barclays U.S. Aggregate Bond Index advanced for the twelve months, with the notable exception of Treasuries—the benchmark’s largest sector at 37.4%—which returned –4.4% due to a spike in longer-term yields toward the end of the period. Corporate bonds, the second-largest sector with a weighting of 27.0%, had the strongest performance, rising 8.7%. Mortgage-backed securities, the third-largest sector in the index at 26.0%, posted the only other loss, returning –0.1%. Smaller sectors, including asset-backed securities (ABS), commercial mortgage-backed securities (CMBS) and government credit securities, delivered gains of 5.1%, 4.4% and 3.2%, respectively.
Fund substantially outpaced its benchmark
The Fund outperformed its benchmark for the period by a wide margin as all sectors made positive contributions to relative performance. An overweight position in the strong-performing corporate bond sector, which benefited from the economic recovery and low corporate taxes, had the largest impact. The next-largest contributor was a significant underweight position in the U.S. Treasuries sector, which declined for the period. Favorable yield curve positioning—how the Fund was invested across different maturities—within this sector also helped considerably. Overweight positions in the CMBS, ABS and municipal bond sectors made solid contributions, as did an overweight position in government agency securities. Security selection within CMBS and ABS also helped.
14 | 2021 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
Performance as of March 31, 2021
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 | 5.13 | % | 3.63 | % | 3.59 | % | 0.36 | % | 0.36 | % | |||||||||||||
Advisor Class | 12/4/15 | 4.95 | 3.54 | 3.53 | † | 0.46 | 0.46 | |||||||||||||||||
Premier Class | 9/21/12 | 4.85 | 3.48 | 3.43 | 0.53 | 0.53 | ||||||||||||||||||
Retirement Class | 9/21/12 | 4.87 | 3.38 | 3.33 | 0.61 | 0.61 | ||||||||||||||||||
Retail Class | 9/21/12 | 4.87 | 3.36 | 3.29 | 0.64 | 0.64 | ||||||||||||||||||
Bloomberg Barclays U.S. Aggregate Bond Index | — | 0.71 | 3.10 | 2.75 | ‡ | — | — |
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, 2021, unless changed with the approval of the Board of Trustees. Without these reimbursements, expenses would be higher and returns lower. Refer to the Financial highlights later in this report for the Fund’s expense ratios as of the end of the reporting period. |
† | The performance shown for the Advisor Class that is prior to its inception date is based on the 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. |
$2,000,000 invested at Fund’s inception
Institutional Class (inception September 21, 2012)
Ending amounts are as of March 31, 2021. 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 3/31/2021 | |
Less than 1 year | 2.0 |
1–3 years | 13.3 |
3–5 years | 28.8 |
5–10 years | 36.1 |
Over 10 years | 19.8 |
Total | 100.0 |
Holdings by credit quality
% of fixed-income investments (excluding short-term investments) as of 3/31/2021 | |
U.S. Treasury & U.S. agency securities* | 32.8 |
Aaa/AAA | 7.7 |
Aa/AA | 9.6 |
A/A | 19.3 |
Baa/BBB | 22.0 |
Ba/BB | 3.4 |
B/B | 0.7 |
Non-rated | 4.5 |
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 3/31/2021 | |
Net assets | $6.27 billion |
Portfolio turnover rate | 293% |
Portfolio turnover rate, excluding mortgage dollar-roll transactions | 186% |
Number of issues | 1,003 |
Option-adjusted duration‡ | 6.22 years |
Average maturity§ | 8.61 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 ■ 2021 Annual Report | 15 |
Expense example | |||||||||||
Six months ended March 31, 2021 | |||||||||||
Core Plus Bond Fund | Beginning account value (10/1/20) | Ending account value (3/31/21) | Expenses paid during period* (10/1/20– 3/31/21) | ||||||||
Actual return | |||||||||||
Institutional Class | $ | 1,000.00 | $ | 998.75 | $1.49 | ||||||
Advisor Class | 1,000.00 | 998.38 | 1.84 | ||||||||
Premier Class | 1,000.00 | 998.00 | 2.24 | ||||||||
Retirement Class | 1,000.00 | 998.43 | 2.74 | ||||||||
Retail Class | 1,000.00 | 997.21 | 3.04 | ||||||||
Class W | 1,000.00 | 1,000.22 | 0.00 | ||||||||
5% annual hypothetical return | |||||||||||
Institutional Class | 1,000.00 | 1,023.44 | 1.51 | ||||||||
Advisor Class | 1,000.00 | 1,023.09 | 1.87 | ||||||||
Premier Class | 1,000.00 | 1,022.69 | 2.27 | ||||||||
Retirement Class | 1,000.00 | 1,022.19 | 2.77 | ||||||||
Retail Class | 1,000.00 | 1,021.89 | 3.07 | ||||||||
Class W | 1,000.00 | 1,024.93 | 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 182/365. There were 182 days in the six months ended March 31, 2021. 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 | |||
Sector | % of net assets as of 3/31/2021 | ||
Corporate bonds | 29.3 | ||
Mortgage-backed securities | 24.6 | ||
Foreign government & corporate bonds denominated in U.S. dollars | 17.5 | ||
Asset-backed securities | 6.9 | ||
U.S. Treasury securities | 6.6 | ||
Commercial mortgage-backed securities | 5.7 | ||
Bank loan obligations | 3.2 | ||
Municipal bonds | 2.5 | ||
Preferred stock | 0.3 | ||
Short-term investments, other assets & liabilities, net | 3.4 | ||
Total | 100.0 |
Performance for the twelve months ended March 31, 2021
The Core Plus Bond Fund returned 7.83% for the Institutional Class, compared with the 0.71% return of its benchmark, the Bloomberg Barclays U.S. Aggregate Bond Index. The performance table shows returns for all share classes of the Fund.
Economic growth resumed after pandemic setback
The U.S. economy contracted sharply early in the period due to the COVID-19 outbreak and global efforts to contain the spread of the virus. But the nation’s output recovered during the summer of 2020, and economic growth continued through the rest of the year and into 2021. The unemployment rate, which had spiked to 14.7% in April 2020, declined steadily during the period and settled at 6.0% in March 2021. Core inflation, which measures all items except food and energy, rose 1.6% over the twelve months ended March 2021. Crude oil prices, hit hard in the early stages of the pandemic, rose from $20 to $59 per barrel during the period.
The Federal Reserve, which had reduced the federal funds target rate in March 2020, kept the key short-term interest-rate measure at 0.00%–0.25% throughout the period. Meanwhile, the federal government enacted a $900 billion pandemic aid package in December 2020, followed by a $1.9 trillion COVID-19 relief bill in March 2021.
All major categories of the fixed-income market produced gains for the period. High-yield bonds performed best, with double-digit returns, followed by U.S. Treasury inflation-protected securities (TIPS), municipal bonds and shorter-term bonds. The Bloomberg Barclays U.S. Aggregate Bond Index, a broad measure of the U.S. investment-grade fixed-rate bond market, posted the smallest advance.
Treasury sector decline dampened overall performance of the benchmark
Most of the sectors within the Bloomberg Barclays U.S. Aggregate Bond Index advanced for the twelve months, with the notable exception of Treasuries—the benchmark’s largest sector at 37.4%—which returned –4.4% due to a spike in longer-term yields toward the end of the period. Corporate bonds, the second-largest sector with a weighting of 27.0%, had the strongest performance, rising 8.7%. Mortgage-backed securities, the third-largest sector in the index at 26.0%, posted the only other loss, returning –0.1%. Smaller sectors, including asset-backed securities (ABS), commercial mortgage-backed securities (CMBS) and government credit securities, delivered gains of 5.1%, 4.4% and 3.2%, respectively.
Fund substantially outperformed its benchmark
The Fund outperformed its benchmark for the period by a wide margin, primarily as a result of favorable allocation decisions. Chief among these was an overweight position in the strong-performing corporate bond sector, which benefited from the economic recovery and low corporate taxes. The next-largest contributor was a significant underweight position in the U.S. Treasuries sector, which declined for the period. Favorable yield curve positioning—how the Fund was invested across different maturities—within this sector also helped considerably. In addition, the Fund benefited from overweight positions and security selection in the ABS and CMBS sectors. A small cash position was the only detractor.
16 | 2021 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
Performance as of March 31, 2021 | ||||||||||||||||||||||||
Core Plus Bond Fund | Average annual | Annual operating | ||||||||||||||||||||||
Total return | total return | expenses* | ||||||||||||||||||||||
Inception date | 1 year | 5 years | 10 years | gross | net | |||||||||||||||||||
Institutional Class | 3/31/06 | 7.83 | % | 4.14 | % | 4.35 | % | 0.30 | % | 0.30 | % | |||||||||||||
Advisor Class | 12/4/15 | 7.74 | 4.07 | 4.33 | † | 0.38 | 0.38 | |||||||||||||||||
Premier Class | 9/30/09 | 7.67 | 3.98 | 4.20 | 0.45 | 0.45 | ||||||||||||||||||
Retirement Class | 3/31/06 | 7.55 | 3.88 | 4.10 | 0.55 | 0.55 | ||||||||||||||||||
Retail Class | 3/31/06 | 7.48 | 3.81 | 4.02 | 0.61 | 0.61 | ||||||||||||||||||
Class W | 9/28/18 | 8.14 | 4.29 | † | 4.43 | † | 0.30 | 0.00 | ||||||||||||||||
Bloomberg Barclays U.S. Aggregate Bond Index | — | 0.71 | 3.10 | 3.44 | — | — |
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, 2021, unless changed with the approval of the Board of Trustees. Without these reimbursements, expenses would be higher and returns lower. Refer to the Financial highlights later in this report for the Fund’s expense ratios as of the end of the reporting period. |
† | The performance shown for the Advisor Class and Class W that is prior to their respective inception dates is based on the 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. |
$2,000,000 over 10 years
Institutional Class
Ending amounts are as of March 31, 2021. 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 3/31/2021 | ||||
Less than 1 year | 2.5 | |||
1–3 years | 12.4 | |||
3–5 years | 26.5 | |||
5–10 years | 45.7 | |||
Over 10 years | 12.9 | |||
Total | 100.0 | |||
Holdings by credit quality | ||||
% of fixed-income investments (excluding short-term investments) as of 3/31/2021 | ||||
U.S. Treasury & U.S. agency securities* | 30.4 | |||
Aaa/AAA | 3.0 | |||
Aa/AA | 4.8 | |||
A/A | 12.5 | |||
Baa/BBB | 25.9 | |||
Ba/BB | 11.8 | |||
B/B | 7.4 | |||
Below B/B | 0.7 | |||
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 3/31/2021 | |
Net assets | $5.57 billion |
Portfolio turnover rate | 169% |
Portfolio turnover rate, excluding mortgage dollar-roll transactions | 84% |
Number of issues | 1,943 |
Option-adjusted duration‡ | 5.57 years |
Average maturity§ | 7.36 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 ■ 2021 Annual Report | 17 |
5–15 Year Laddered Tax-Exempt Bond Fund
Expense example | |||||||||||
Six months ended March 31, 2021 | |||||||||||
5–15 Year Laddered Tax-Exempt Bond Fund | Beginning account value (10/1/20) | Ending account value (3/31/21) | Expenses paid during period* (10/1/20– 3/31/21) | ||||||||
Actual return | |||||||||||
Institutional Class | $ | 1,000.00 | $ | 1,019.87 | $1.51 | ||||||
Advisor Class | 1,000.00 | 1,019.49 | 1.91 | ||||||||
Retail Class | 1,000.00 | 1,018.47 | 2.92 | ||||||||
5% annual hypothetical return | |||||||||||
Institutional Class | 1,000.00 | 1,023.44 | 1.51 | ||||||||
Advisor Class | 1,000.00 | 1,023.04 | 1.92 | ||||||||
Retail Class | 1,000.00 | 1,022.04 | 2.92 |
* | “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 182/365. There were 182 days in the six months ended March 31, 2021. 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 | |||
Sector | % of net assets as of 3/31/2021 | ||
Municipal bonds | 97.3 | ||
Short-term investments, other assets & liabilities, net | 2.7 | ||
Total | 100.0 |
Performance for the twelve months ended March 31, 2021
The 5–15 Year Laddered Tax-Exempt Bond Fund returned 6.48% for the Institutional Class, compared with the 5.44% 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.
Economic growth resumed after pandemic setback
The U.S. economy contracted sharply early in the period due to the COVID-19 outbreak and global efforts to contain the spread of the virus. But the nation’s output recovered during the summer of 2020, and economic growth continued through the rest of the year and into 2021. The unemployment rate, which had spiked to 14.7% in April 2020, declined steadily during the period and settled at 6.0% in March 2021. Core inflation, which measures all items except food and energy, rose 1.6% over the twelve months ended March 2021. Crude oil prices, hit hard in the early stages of the pandemic, rose from $20 to $59 per barrel during the period.
The Federal Reserve, which had reduced the federal funds target rate in March 2020, kept the key short-term interest-rate measure at 0.00%–0.25% throughout the period. Meanwhile, the federal government enacted a $900 billion pandemic aid package in December 2020, followed by a $1.9 trillion COVID-19 relief bill in March 2021.
All major categories of the fixed-income market produced gains for the period. High-yield bonds performed best, with double-digit returns, followed by U.S. Treasury inflation-protected securities (TIPS), municipal bonds and shorter-term bonds. The Bloomberg Barclays U.S. Aggregate Bond Index, a broad measure of the U.S. investment-grade fixed-rate bond market, posted the smallest advance.
All benchmark sectors gained ground
All of the sectors in the Bloomberg Barclays 10-Year Municipal Bond Index advanced for the twelve-month period. The leasing sector was the top performer with a gain of 8.0%. The industrial revenue sector recorded the second-best result with a gain of 7.4%, followed by the transportation sector, which advanced 6.7%. State general obligations (GOs), the index’s largest sector by market capitalization at period-end, returned 5.0%. Local GOs, the benchmark’s second-largest sector, gained 4.8% for the period.
As of March 31, 2021, higher-rated 10-year AAA municipal bonds yielded 1.08%, compared with a 1.74% yield on the 10-year U.S. Treasury bond. New municipal issuance during the twelve-month period was $491.2 billion, up from $442.1 billion for the prior twelve months, from April 1, 2020, through March 31, 2021.
Fund outperformed its benchmark
The Fund surpassed its benchmark for the twelve-month period, primarily due to an overweight position and favorable security selection in the transportation sector. The Fund’s holdings in local GOs and the leasing and education sectors were the next-largest contributors to its relative performance.
By contrast, the Fund’s holdings of state GOs detracted most, primarily due to unfavorable yield curve positioning—how the Fund was invested across different maturities—in this sector. The Fund’s positions in the water and sewer and industrial revenue sectors also detracted.
18 | 2021 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
Performance as of March 31, 2021 | ||||||||||||||||||||||||
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 | 6.48 | % | 3.20 | % | 3.92 | % | 0.33 | % | 0.30 | % | |||||||||||||
Advisor Class | 12/4/15 | 6.30 | 3.14 | 3.89 | † | 0.43 | 0.40 | |||||||||||||||||
Retail Class | 3/31/06 | 6.18 | 2.92 | 3.64 | 0.61 | 0.58 | ||||||||||||||||||
Bloomberg Barclays 10-Year Municipal Bond Index | — | 5.44 | 3.54 | 4.66 | — | — |
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, 2021, unless changed with the approval of the Board of Trustees. Without these reimbursements, expenses would be higher and returns lower. Refer to the Financial highlights later in this report for the Fund’s expense ratios as of the end of the reporting period. |
† | The performance shown for the Advisor Class that is prior to its inception date is based on the 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. |
$2,000,000 over 10 years
Institutional Class
Ending amounts are as of March 31, 2021. 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 3/31/2021 | |
Less than 1 year | 1.3 |
1–3 years | 1.3 |
3–5 years | 14.3 |
5–10 years | 41.3 |
Over 10 years | 41.8 |
Total | 100.0 |
Holdings by credit quality | |
% of fixed-income investments (excluding short-term investments) as of 3/31/2021 | |
Aaa/AAA | 0.9 |
Aa/AA | 20.6 |
A/A | 52.5 |
Baa/BBB | 19.2 |
Ba/BB | 3.5 |
B/B | 0.4 |
Non-rated | 2.9 |
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 3/31/2021 | |
Net assets | $280.78 million |
Portfolio turnover rate | 23% |
Number of issues | 240 |
Option-adjusted duration‡ | 6.01 years |
Average maturity§ | 9.50 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 ■ 2021 Annual Report | 19 |
Expense example | ||||||||||||
Six months ended March 31, 2021 | ||||||||||||
Green Bond Fund | Beginning account value (10/1/20) | Ending account value (3/31/21) | Expenses paid during period* (10/1/20– 3/31/21) | |||||||||
Actual return | ||||||||||||
Institutional Class | $ | 1,000.00 | $ | 991.64 | $ | 2.23 | ||||||
Advisor Class | 1,000.00 | 991.57 | 2.28 | |||||||||
Premier Class | 1,000.00 | 991.18 | 2.68 | |||||||||
Retirement Class | 1,000.00 | 992.13 | 2.68 | |||||||||
Retail Class | 1,000.00 | 991.20 | 3.62 | |||||||||
5% annual hypothetical return | ||||||||||||
Institutional Class | 1,000.00 | 1,022.69 | 2.27 | |||||||||
Advisor Class | 1,000.00 | 1,022.64 | 2.32 | |||||||||
Premier Class | 1,000.00 | 1,022.24 | 2.72 | |||||||||
Retirement Class | 1,000.00 | 1,022.24 | 2.72 | |||||||||
Retail Class | 1,000.00 | 1,021.29 | 3.68 |
* | “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 182/365. There were 182 days in the six months ended March 31, 2021. The Fund’s annualized six-month expense ratios for that period were 0.45% for the Institutional Class, 0.46% for the Advisor Class, 0.54% for the Premier Class, 0.54% for the Retirement Class and 0.73% 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 3/31/2021 | |
Corporate bonds | 30.8 | |
Foreign government & corporate bonds denominated in U.S. dollars | 30.7 | |
Asset-backed securities | 11.1 | |
Municipal bonds | 10.6 | |
Commercial mortgage-backed securities | 7.5 | |
U.S. agency securities | 2.9 | |
Bank loan obligations | 1.0 | |
Preferred stock | 2.8 | |
Short-term investments, other assets & liabilities, net | 2.6 | |
Total | 100.0 |
Performance for the twelve months ended March 31, 2021
The Green Bond Fund returned 8.27% for the Institutional Class, compared with the 3.76% 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.
Economic growth resumed after pandemic setback
The U.S. economy contracted sharply early in the period due to the COVID-19 outbreak and global efforts to contain the spread of the virus. But the nation’s output recovered during the summer of 2020, and economic growth continued through the rest of the year and into 2021. The unemployment rate, which had spiked to 14.7% in April 2020, declined steadily during the period and settled at 6.0% in March 2021. Core inflation, which measures all items except food and energy, rose 1.6% over the twelve months ended March 2021. Crude oil prices, hit hard in the early stages of the pandemic, rose from $20 to $59 per barrel during the period.
The Federal Reserve, which had reduced the federal funds target rate in March 2020, kept the key short-term interest-rate measure at 0.00%–0.25% throughout the period. Meanwhile, the federal government enacted a $900 billion pandemic aid package in December 2020, followed by a $1.9 trillion COVID-19 relief bill in March 2021.
All major categories of the fixed-income market produced gains for the period. High-yield bonds performed best, with double-digit returns, followed by U.S. Treasury inflation-protected securities (TIPS), municipal bonds and shorter-term bonds. The Bloomberg Barclays U.S. Aggregate Bond Index, a broad measure of the U.S. investment-grade fixed-rate bond market, posted the smallest advance.
Corporate bond sector drove the benchmark’s performance
All of the sectors within the Bloomberg Barclays MSCI U.S. Green Bond Index advanced for the twelve months. Corporate bonds, the largest sector in the index with a weighting of 54.2% at period-end, had the highest return at 6.5%. Despite struggling earlier in the period in the wake of the COVID-19 pandemic, corporate bonds rebounded, helped by support from the Fed. Government credit securities, the index’s second-largest sector with a weighting of 27.2%, gained a more modest 0.6%. Government agency bonds, the benchmark’s third-largest sector at 17.1%, advanced 1.6%. Commercial mortgage-backed securities (CMBS), which represented just 0.5% of the index, returned 1.9%.
Fund substantially outperformed its benchmark
The Fund posted strong gains and significantly surpassed its benchmark for the twelve-month period. The Fund’s holdings in the strong-performing corporate bond sector contributed most to its relative performance versus the index. The Fund’s out-of-benchmark allocations to asset-backed securities and municipal bonds, along with an overweight position in CMBS, were also beneficial. Allocations to government credit securities and government agency bonds further augmented the Fund’s performance.
By contrast, a small allocation to cash modestly detracted from the Fund’s relative performance for the period.
20 | 2021 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
Performance as of March 31, 2021 | ||||||||||||||||||
Green Bond Fund | Average annual | Annual operating | ||||||||||||||||
Total return | total return | expenses* | ||||||||||||||||
Inception date | 1 year | since inception | gross | net | ||||||||||||||
Institutional Class | 11/16/18 | 8.27 | % | 6.74 | % | 1.21 | % | 0.45 | % | |||||||||
Advisor Class | 11/16/18 | 8.25 | 6.70 | 1.31 | 0.55 | |||||||||||||
Premier Class | 11/16/18 | 8.16 | 6.60 | 1.37 | 0.60 | |||||||||||||
Retirement Class | 11/16/18 | 8.26 | 6.63 | 1.47 | 0.70 | |||||||||||||
Retail Class | 11/16/18 | 8.07 | 6.50 | 1.59 | 0.80 | |||||||||||||
Bloomberg Barclays MSCI U.S. Green Bond Index | — | 3.76 | 6.82 | ‡ | — | — |
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, 2021, unless changed with the approval of the Board of Trustees. Without these reimbursements, expenses would be higher and returns lower. Refer to the Financial highlights later in this report for the Fund’s expense ratios as of the end of the reporting period. |
‡ | Performance is calculated from the inception date of the Institutional Class. |
$2,000,000 invested at Fund’s inception
Institutional Class (inception November 16, 2018)
Ending amounts are as of March 31, 2021. 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 3/31/2021 | |
Less than 1 year | 3.8 |
1–3 years | 16.6 |
3–5 years | 18.1 |
5–10 years | 41.6 |
Over 10 years | 19.9 |
Total | 100.0 |
Holdings by credit quality | |
% of fixed-income investments | |
(excluding short-term investments) | |
as of 3/31/2021 | |
U.S. Treasury & U.S. agency securities* | 3.0 |
Aaa/AAA | 18.5 |
Aa/AA | 12.4 |
A/A | 22.0 |
Baa/BBB | 19.1 |
Ba/BB | 9.3 |
B/B | 1.1 |
Non-rated | 14.6 |
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 3/31/2021 | |
Net assets | $50.80 million |
Portfolio turnover rate | 34% |
Number of issues | 152 |
Option-adjusted duration‡ | 6.01 years |
Average maturity§ | 8.61 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 ■ 2021 Annual Report | 21 |
Expense example
Six months ended March 31, 2021
High-Yield Fund | Beginning account value (10/1/20) | Ending account value (3/31/21) | Expenses paid during period* (10/1/20– 3/31/21) |
Actual return | |||
Institutional Class | $1,000.00 | $1,060.33 | $1.75 |
Advisor Class | 1,000.00 | 1,059.84 | 2.26 |
Premier Class | 1,000.00 | 1,059.51 | 2.52 |
Retirement Class | 1,000.00 | 1,059.01 | 3.03 |
Retail Class | 1,000.00 | 1,058.67 | 3.23 |
Class W | 1,000.00 | 1,062.13 | 0.00 |
5% annual hypothetical return | |||
Institutional Class | 1,000.00 | 1,023.24 | 1.72 |
Advisor Class | 1,000.00 | 1,022.74 | 2.22 |
Premier Class | 1,000.00 | 1,022.49 | 2.47 |
Retirement Class | 1,000.00 | 1,021.99 | 2.97 |
Retail Class | 1,000.00 | 1,021.79 | 3.18 |
Class W | 1,000.00 | 1,024.93 | 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 182/365. There were 182 days in the six months ended March 31, 2021. The Fund’s annualized six-month expense ratios for that period were 0.34% for the Institutional Class, 0.44% for the Advisor Class, 0.49% for the Premier Class, 0.59% 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 3/31/2021 |
Corporate bonds | 77.2 |
Bank loan obligations | 10.0 |
Foreign government & corporate bonds denominated in U.S. dollars | 7.6 |
Short-term investments, other assets & liabilities, net | 5.2 |
Total | 100.0 |
Performance for the twelve months ended March 31, 2021
The High-Yield Fund returned 19.94% for the Institutional Class, compared with the 20.97% 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.
Economic growth resumed after pandemic setback
The U.S. economy contracted sharply early in the period due to the COVID-19 outbreak and global efforts to contain the spread of the virus. But the nation’s output recovered during the summer of 2020, and economic growth continued through the rest of the year and into 2021. The unemployment rate, which had spiked to 14.7% in April 2020, declined steadily during the period and settled at 6.0% in March 2021. Core inflation, which measures all items except food and energy, rose 1.6% over the twelve months ended March 2021. Crude oil prices, hit hard in the early stages of the pandemic, rose from $20 to $59 per barrel during the period. The movement of oil prices can be influential due to the large representation of energy companies in the high-yield sector.
The Federal Reserve, which had reduced the federal funds target rate in March 2020, kept the key short-term interest-rate measure at 0.00%–0.25% throughout the period. Meanwhile, the federal government enacted a $900 billion pandemic aid package in December 2020, followed by a $1.9 trillion COVID-19 relief bill in March 2021.
For the twelve-month period, high-yield bonds surpassed the 0.71% return of the broad U.S. investment-grade fixed-rate bond market, as measured by the Bloomberg Barclays U.S. Aggregate Bond Index, by a wide margin.
Most sectors posted gains
For the twelve months, most high-yield bond sectors posted strong gains. Energy exploration & production, the benchmark’s largest sector on March 31, 2021, was the best performer, advancing 77.1%. The worst performer was electric distribution/transmission, returning –4.1%.
High-yield bonds posted positive results across all credit quality tiers for the twelve months as investors gravitated toward riskier asset classes. Lower-quality bonds (those rated “CCC” and below) performed best at 39.9%. Bonds rated “B” and “BB” returned 22.2% and 20.3%, respectively. New high-yield debt issuance totaled more than $506 billion for the twelve months, up substantially from the $275 billion for the same period in 2020, as volumes remained sizable throughout the year. The U.S. issuer-weighted speculative grade default rate rose to 7.5% on March 31, 2021, from 4.9% (revised from 4.7%) a year earlier, according to Moody’s Investors Service.
Fund posted a double-digit gain but trailed its benchmark
For the twelve-month period, the Fund advanced but trailed its benchmark. An out-of-benchmark allocation to entertainment firm Cirque du Soleil was the largest detractor, followed by overweight positions in media company CCO Holdings and energy company Transocean Guardian.
On the positive side, the Fund was helped by overweight positions in energy companies USA Compression Partners and Range Resources, which benefited from higher oil prices, as well as an out-of-benchmark position in SM Energy.
22 | 2021 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
Performance as of March 31, 2021
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 | 19.94 | % | 6.85 | % | 5.79 | % | 0.36 | % | 0.36 | % | |||||||||||
Advisor Class | 12/4/15 | 19.84 | 6.72 | 5.72 | † | 0.47 | 0.47 | |||||||||||||||
Premier Class | 9/30/09 | 19.74 | 6.69 | 5.64 | 0.51 | 0.51 | ||||||||||||||||
Retirement Class | 3/31/06 | 19.64 | 6.56 | 5.53 | 0.61 | 0.61 | ||||||||||||||||
Retail Class | 3/31/06 | 19.67 | 6.55 | 5.50 | 0.64 | 0.64 | ||||||||||||||||
Class W | 9/28/18 | 20.34 | 7.03 | † | 5.88 | † | 0.36 | 0.00 | ||||||||||||||
ICE BofA BB-B U.S. Cash Pay High Yield Constrained Index | — | 20.97 | 7.42 | 6.28 | — | — |
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, 2021, unless changed with the approval of the Board of Trustees. Without these reimbursements, expenses would be higher and returns lower. Refer to the Financial highlights later in this report for the Fund’s expense ratios as of the end of the reporting period. |
† | The performance shown for the Advisor Class and Class W that is prior to their respective inception dates is based on the 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. |
$2,000,000 over 10 years
Institutional Class
Ending amounts are as of March 31, 2021. 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 3/31/2021 | |
1–3 years | 3.9 |
3–5 years | 31.0 |
5–10 years | 62.2 |
Over 10 years | 2.9 |
Total | 100.0 |
Holdings by credit quality
% of fixed-income investments (excluding short-term investments) as of 3/31/2021 | |
Baa/BBB | 0.9 |
Ba/BB | 46.2 |
B/B | 45.6 |
Below B/B | 4.6 |
Non-rated | 2.7 |
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 3/31/2021 | |
Net assets | $3.78 billion |
Portfolio turnover rate | 79% |
Number of issues | 475 |
Option-adjusted duration‡ | 3.80 years |
Average maturity§ | 6.01 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 ■ 2021 Annual Report | 23 |
Expense example
Six months ended March 31, 2021
Inflation-Linked Bond Fund | Beginning account value (10/1/20) | Ending account value (3/31/21) | Expenses paid during period* (10/1/20– 3/31/21) |
Actual return | |||
Institutional Class | $1,000.00 | $1,014.20 | $1.15 |
Advisor Class | 1,000.00 | 1,013.75 | 1.56 |
Premier Class | 1,000.00 | 1,013.43 | 1.91 |
Retirement Class | 1,000.00 | 1,012.81 | 2.41 |
Retail Class | 1,000.00 | 1,012.17 | 2.71 |
Class W | 1,000.00 | 1,015.33 | 0.00 |
5% annual hypothetical return | |||
Institutional Class | 1,000.00 | 1,023.78 | 1.16 |
Advisor Class | 1,000.00 | 1,023.39 | 1.56 |
Premier Class | 1,000.00 | 1,023.04 | 1.92 |
Retirement Class | 1,000.00 | 1,022.54 | 2.42 |
Retail Class | 1,000.00 | 1,022.24 | 2.72 |
Class W | 1,000.00 | 1,024.93 | 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 182/365. There were 182 days in the six months ended March 31, 2021. The Fund’s annualized six-month expense ratios for that period were 0.23% for the Institutional Class, 0.31% for the Advisor Class, 0.38% for the Premier Class, 0.48% for the Retirement Class, 0.54% 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 3/31/2021 |
U.S. Treasury securities | 96.0 |
Mortgage-backed securities | 2.9 |
U.S. agency securities | 0.4 |
Foreign government & corporate bonds denominated in U.S. dollars | 0.1 |
Short-term investments, other assets & liabilities, net | 0.6 |
Total | 100.0 |
Performance for the twelve months ended March 31, 2021
The Inflation-Linked Bond Fund returned 7.53% for the Institutional Class, compared with the 8.12% 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.
Economic growth resumed after pandemic setback
The U.S. economy contracted sharply early in the period due to the COVID-19 outbreak and global efforts to contain the spread of the virus. But the nation’s output recovered during the summer of 2020, and economic growth continued through the rest of the year and into 2021. The unemployment rate, which had spiked to 14.7% in April 2020, declined steadily during the period and settled at 6.0% in March 2021. Core inflation, which measures all items except food and energy, rose 1.6% over the twelve months ended March 2021. Crude oil prices, hit hard in the early stages of the pandemic, rose from $20 to $59 per barrel during the period.
The Federal Reserve, which had reduced the federal funds target rate in March 2020, kept the key short-term interest-rate measure at 0.00%–0.25% throughout the period. Meanwhile, the federal government enacted a $900 billion pandemic aid package in December 2020, followed by a $1.9 trillion COVID-19 relief bill in March 2021.
All major categories of the fixed-income market produced gains for the period. High-yield bonds performed best, with double-digit returns, followed by U.S. Treasury inflation-protected securities (TIPS), municipal bonds and shorter-term bonds. The Bloomberg Barclays U.S. Aggregate Bond Index, a broad measure of the U.S. investment-grade fixed-rate bond market, posted the smallest advance.
Inflation-protected bonds, as measured by the TIPS 1–10 Year index, posted strong results for the period and outperformed the Bloomberg Barclays U.S. Aggregate Bond Index. TIPS benefited from the strengthening economy and the immense fiscal and monetary stimuli.
Fund posted a solid advance but trailed its benchmark
While the Fund produced impressive gains for the twelve-month period, its return trailed that of its benchmark, primarily due to the effect of expenses. The Fund’s substantial position in the U.S. Treasuries sector, which accounted for nearly 96.0% of its overall holdings as of March 31, 2021, detracted from its relative performance versus the benchmark. Treasuries significantly underperformed due to a yield spike in the latter months of the period. On the positive side, the Fund’s out-of-benchmark position in the mortgage-backed securities sector helped its performance relative to 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 | 2021 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
Performance as of March 31, 2021
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 | 7.53 | % | 3.15 | % | 2.88 | % | 0.26 | % | 0.26 | % | |||||||||||
Advisor Class | 12/4/15 | 7.43 | 3.07 | 2.84 | † | 0.34 | 0.34 | |||||||||||||||
Premier Class | 9/30/09 | 7.38 | 2.99 | 2.73 | 0.41 | 0.41 | ||||||||||||||||
Retirement Class | 3/31/06 | 7.29 | 2.88 | 2.63 | 0.51 | 0.51 | ||||||||||||||||
Retail Class | 10/1/02 | 7.12 | 2.81 | 2.56 | 0.57 | 0.57 | ||||||||||||||||
Class W | 9/28/18 | 7.77 | 3.27 | † | 2.94 | † | 0.26 | 0.00 | ||||||||||||||
Bloomberg Barclays U.S. Treasury Inflation Protected Securities (TIPS) 1–10 Year Index | — | 8.12 | 3.41 | 2.64 | — | — |
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, 2021, unless changed with the approval of the Board of Trustees. Without these reimbursements, expenses would be higher and returns lower. Refer to the Financial highlights later in this report for the Fund’s expense ratios as of the end of the reporting period. |
† | The performance shown for the Advisor Class and Class W that is prior to their respective inception dates is based on the 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. |
$2,000,000 over 10 years
Institutional Class
Ending amounts are as of March 31, 2021. 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 3/31/2021 | |
1–3 years | 23.6 |
3–5 years | 34.7 |
5–10 years | 38.8 |
Over 10 years | 2.9 |
Total | 100.0 |
Holdings by credit quality
% of fixed-income investments (excluding short-term investments) as of 3/31/2021 | |
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 3/31/2021 | |
Net assets | $3.42 billion |
Portfolio turnover rate | 27% |
Number of issues | 50 |
Option-adjusted duration‡ | 4.81 years |
Average maturity§ | 4.92 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 ■ 2021 Annual Report | 25 |
Short Duration Impact Bond Fund
Expense example
Six months ended March 31, 2021
Short Duration Impact Bond Fund | Beginning account value (10/1/20) | Ending account value (3/31/21) | Expenses paid during period* (10/1/20– 3/31/21) |
Actual return | |||
Institutional Class | $1,000.00 | $1,010.21 | $1.75 |
Advisor Class | 1,000.00 | 1,010.20 | 1.75 |
Premier Class | 1,000.00 | 1,009.46 | 2.50 |
Retirement Class | 1,000.00 | 1,008.96 | 3.01 |
Retail Class | 1,000.00 | 1,009.04 | 2.96 |
5% annual hypothetical return | |||
Institutional Class | 1,000.00 | 1,023.19 | 1.77 |
Advisor Class | 1,000.00 | 1,023.19 | 1.77 |
Premier Class | 1,000.00 | 1,022.44 | 2.52 |
Retirement Class | 1,000.00 | 1,021.94 | 3.02 |
Retail Class | 1,000.00 | 1,021.99 | 2.97 |
* | “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 182/365. There were 182 days in the six months ended March 31, 2021. 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 0.59% 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 3/31/2021 |
Corporate bonds | 27.4 |
Foreign government & corporate bonds denominated in U.S. dollars | 23.2 |
U.S. Treasury securities | 13.1 |
Asset-backed securities | 11.2 |
Municipal bonds | 8.1 |
U.S. agency securities | 5.2 |
Commercial mortgage-backed securities | 3.2 |
Mortgage-backed securities | 2.7 |
Bank loan obligations | 1.5 |
Short-term investments, other assets & liabilities, net | 4.4 |
Total | 100.0 |
Performance for the twelve months ended March 31, 2021
The Short Duration Impact Bond Fund returned 6.92% for the Institutional Class, compared with the 1.57% 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.
Economic growth resumed after pandemic setback
The U.S. economy contracted sharply early in the period due to the COVID-19 outbreak and global efforts to contain the spread of the virus. But the nation’s output recovered during the summer of 2020, and economic growth continued through the rest of the year and into 2021. The unemployment rate, which had spiked to 14.7% in April 2020, declined steadily during the period and settled at 6.0% in March 2021. Core inflation, which measures all items except food and energy, rose 1.6% over the twelve months ended March 2021. Crude oil prices, hit hard in the early stages of the pandemic, rose from $20 to $59 per barrel during the period.
The Federal Reserve, which had reduced the federal funds target rate in March 2020, kept the key short-term interest-rate measure at 0.00%–0.25% throughout the period. Meanwhile, the federal government enacted a $900 billion pandemic aid package in December 2020, followed by a $1.9 trillion COVID-19 relief bill in March 2021.
All major categories of the fixed-income market produced gains for the period. High-yield bonds performed best, with double-digit returns, followed by U.S. Treasury inflation-protected securities (TIPS), municipal bonds and shorter-term bonds. The Bloomberg Barclays U.S. Aggregate Bond Index, a broad measure of the U.S. investment-grade fixed-rate bond market, posted the smallest advance.
Corporate bonds drove the benchmark’s performance
All of the sectors in the benchmark posted positive returns for the twelve-month period. Corporate bonds—the second-largest sector with a weighting of 23.3%—was the index’s best-performing component with a return of 5.4%. Government credit securities and government agency bonds both trailed the benchmark’s return with gains of 1.2% and 1.0%, respectively. Short-term Treasuries, by far the benchmark’s largest sector with a weighting of 65.6%, underperformed with a meager gain of just 0.3%.
Fund substantially outperformed its benchmark
The Fund outpaced its benchmark for the period, primarily due to an overweight position in the strong-performing corporate bond sector. Out-of-benchmark allocations to asset-backed securities and commercial mortgage-backed securities were the next-largest contributors. Overweight positions in government agency bonds and government credit securities were also beneficial.
Although the Fund had a substantial underweight position in short-term U.S. Treasuries, which was beneficial, unfavorable yield curve positioning—how the Fund was invested across different maturities—within this sector caused it to detract from the Fund’s relative return.
26 | 2021 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
Performance as of March 31, 2021
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 | 6.92 | % | 4.19 | % | 1.18 | % | 0.35 | % | |||||||||
Advisor Class | 11/16/18 | 6.92 | 4.17 | 1.28 | 0.45 | |||||||||||||
Premier Class | 11/16/18 | 6.76 | 4.04 | 1.34 | 0.50 | |||||||||||||
Retirement Class | 11/16/18 | 6.66 | 3.94 | 1.43 | 0.60 | |||||||||||||
Retail Class | 11/16/18 | 6.67 | 3.89 | 1.61 | 0.70 | |||||||||||||
Bloomberg Barclays U.S. 1–3 Year Government/ Credit Bond Index | — | 1.57 | 3.45 | ‡ | — | — |
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, 2021, unless changed with the approval of the Board of Trustees. Without these reimbursements, expenses would be higher and returns lower. Refer to the Financial highlights later in this report for the Fund’s expense ratios as of the end of the reporting period. |
‡ | Performance is calculated from the inception date of the Institutional Class. |
$2,000,000 invested at Fund’s inception
Institutional Class (inception November 16, 2018)
Ending amounts are as of March 31, 2021. 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 3/31/2021 | |
Less than 1 year | 10.5 |
1–3 years | 54.9 |
3–5 years | 25.2 |
5–10 years | 8.3 |
Over 10 years | 1.1 |
Total | 100.0 |
Holdings by credit quality
% of fixed-income investments (excluding short-term investments) as of 3/31/2021 | |
U.S. Treasury & U.S. agency securities* | 21.5 |
Aaa/AAA | 9.0 |
Aa/AA | 13.9 |
A/A | 17.3 |
Baa/BBB | 17.5 |
Ba/BB | 4.5 |
B/B | 0.5 |
Non-rated | 15.8 |
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 3/31/2021 | |
Net assets | $33.00 million |
Portfolio turnover rate | 136% |
Number of issues | 109 |
Option-adjusted duration‡ | 2.05 years |
Average maturity§ | 2.86 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 ■ 2021 Annual Report | 27 |
Expense example
Six months ended March 31, 2021
Short-Term Bond Fund | Beginning account value (10/1/20) | Ending account value (3/31/21) | Expenses paid during period* (10/1/20– 3/31/21) |
Actual return | |||
Institutional Class | $1,000.00 | $1,006.11 | $1.30 |
Advisor Class | 1,000.00 | 1,005.68 | 1.75 |
Premier Class | 1,000.00 | 1,005.35 | 2.05 |
Retirement Class | 1,000.00 | 1,004.86 | 2.55 |
Retail Class | 1,000.00 | 1,003.65 | 2.80 |
Class W | 1,000.00 | 1,006.45 | 0.00 |
5% annual hypothetical return | |||
Institutional Class | 1,000.00 | 1,023.64 | 1.31 |
Advisor Class | 1,000.00 | 1,023.19 | 1.77 |
Premier Class | 1,000.00 | 1,022.89 | 2.07 |
Retirement Class | 1,000.00 | 1,022.39 | 2.57 |
Retail Class | 1,000.00 | 1,022.14 | 2.82 |
Class W | 1,000.00 | 1,024.93 | 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 182/365. There were 182 days in the six months ended March 31, 2021. The Fund’s annualized six-month expense ratios for that period were 0.26% for the Institutional Class, 0.35% for the Advisor Class, 0.41% for the Premier Class, 0.51% 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 3/31/2021 | |
Foreign government & corporate bonds denominated in U.S. dollars | 24.7 | |
Corporate bonds | 21.8 | |
U.S. Treasury securities | 16.1 | |
Asset-backed securities | 11.4 | |
Mortgage-backed securities | 7.7 | |
Commercial mortgage-backed securities | 5.7 | |
U.S. agency securities | 3.6 | |
Municipal bonds | 2.0 | |
Bank loan obligations | 1.7 | |
Short-term investments, other assets & liabilities, net | 5.3 | |
Total | 100.0 |
Performance for the twelve months ended March 31, 2021
The Short-Term Bond Fund returned 4.23% for the Institutional Class, compared with the 1.57% 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.
Economic growth resumed after pandemic setback
The U.S. economy contracted sharply early in the period due to the COVID-19 outbreak and global efforts to contain the spread of the virus. But the nation’s output recovered during the summer of 2020, and economic growth continued through the rest of the year and into 2021. The unemployment rate, which had spiked to 14.7% in April 2020, declined steadily during the period and settled at 6.0% in March 2021. Core inflation, which measures all items except food and energy, rose 1.6% over the twelve months ended March 2021. Crude oil prices, hit hard in the early stages of the pandemic, rose from $20 to $59 per barrel during the period.
The Federal Reserve, which had reduced the federal funds target rate in March 2020, kept the key short-term interest-rate measure at 0.00%–0.25% throughout the period. Meanwhile, the federal government enacted a $900 billion pandemic aid package in December 2020, followed by a $1.9 trillion COVID-19 relief bill in March 2021.
All major categories of the fixed-income market produced gains for the period. High-yield bonds performed best, with double-digit returns, followed by U.S. Treasury inflation-protected securities (TIPS), municipal bonds and shorter-term bonds. The Bloomberg Barclays U.S. Aggregate Bond Index, a broad measure of the U.S. investment-grade fixed-rate bond market, posted the smallest advance.
Corporate bonds drove the benchmark’s performance
All of the sectors in the benchmark posted positive returns for the twelve-month period. Corporate bonds—the second-largest sector with a weighting of 23.3%—was the index’s best-performing component with a return of 5.4%. Government credit securities and government agency bonds both trailed the benchmark’s return with gains of 1.2% and 1.0%, respectively. Short-term Treasuries, by far the benchmark’s largest sector with a weighting of 65.6%, underperformed with a meager gain of just 0.3%.
Fund substantially outpaced its benchmark
The Fund outperformed its benchmark for the period, primarily due to favorable positioning in several sectors. Of particular note, the Fund’s out-of-benchmark allocation to commercial mortgage-backed securities made the largest contribution to its relative return. Fund positions in the asset-backed securities and mortgage-backed securities sectors—also not in the benchmark—were the next-largest contributors. An overweight position in the strong-performing corporate bond sector was also beneficial.
Although the Fund had a substantial underweight position in short-term U.S. Treasuries, which was helpful, unfavorable yield curve positioning—how the Fund was invested across different maturities—within this sector caused it to detract from the Fund’s relative return.
28 | 2021 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
Performance as of March 31, 2021
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 | 4.23 | % | 2.43 | % | 2.14 | % | 0.27 | % | 0.27 | % | |||||||||||||
Advisor Class | 12/4/15 | 4.15 | 2.37 | 2.09 | † | 0.35 | 0.35 | |||||||||||||||||
Premier Class | 9/30/09 | 4.07 | 2.27 | 1.98 | 0.42 | 0.42 | ||||||||||||||||||
Retirement Class | 3/31/06 | 3.97 | 2.17 | 1.88 | 0.52 | 0.52 | ||||||||||||||||||
Retail Class | 3/31/06 | 3.82 | 2.11 | 1.82 | 0.57 | 0.57 | ||||||||||||||||||
Class W | 9/28/18 | 4.41 | 2.54 | † | 2.19 | † | 0.27 | 0.00 | ||||||||||||||||
Bloomberg Barclays U.S. 1–3 Year Government/ Credit Bond Index | — | 1.57 | 2.00 | 1.57 | — | — |
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, 2021, unless changed with the approval of the Board of Trustees. Without these reimbursements, expenses would be higher and returns lower. Refer to the Financial highlights later in this report for the Fund’s expense ratios as of the end of the reporting period. |
† | The performance shown for the Advisor Class and Class W that is prior to their respective inception dates is based on the 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. |
$2,000,000 over 10 years
Institutional Class
Ending amounts are as of March 31, 2021. 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 3/31/2021 | |
Less than 1 year | 15.6 |
1–3 years | 56.7 |
3–5 years | 21.8 |
5–10 years | 5.0 |
Over 10 years | 0.9 |
Total | 100.0 |
Holdings by credit quality
% of fixed-income investments (excluding short-term investments) as of 3/31/2021 | |||
U.S. Treasury & U.S. agency securities* | 24.4 | ||
Aaa/AAA | 12.9 | ||
Aa/AA | 14.1 | ||
A/A | 18.7 | ||
Baa/BBB | 22.2 | ||
Ba/BB | 4.7 | ||
B/B | 0.8 | ||
Below B/B | 0.1 | ||
Non-rated | 2.1 | ||
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 3/31/2021 | ||
Net assets | $2.16 billion | |
Portfolio turnover rate | 167% | |
Portfolio turnover rate, excluding mortgage dollar-roll transactions | 161% | |
Number of issues | 492 | |
Option-adjusted duration‡ | 2.03 years | |
Average maturity§ | 2.33 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 ■ 2021 Annual Report | 29 |
Expense example
Six months ended March 31, 2021
Short-Term Bond Index Fund | Beginning account value (10/1/20) | Ending account value (3/31/21) | Expenses paid during period* (10/1/20– 3/31/21) |
Actual return | |||
Institutional Class | $1,000.00 | $1,001.46 | $0.55 |
Advisor Class | 1,000.00 | 1,000.84 | 1.20 |
Premier Class | 1,000.00 | 999.71 | 1.30 |
Retirement Class | 1,000.00 | 1,000.22 | 1.80 |
Retail Class | 1,000.00 | 999.83 | 2.19 |
Class W | 1,000.00 | 1,002.01 | 0.00 |
5% annual hypothetical return | |||
Institutional Class | 1,000.00 | 1,024.38 | 0.56 |
Advisor Class | 1,000.00 | 1,023.73 | 1.21 |
Premier Class | 1,000.00 | 1,023.64 | 1.31 |
Retirement Class | 1,000.00 | 1,023.14 | 1.82 |
Retail Class | 1,000.00 | 1,022.74 | 2.22 |
Class W | 1,000.00 | 1,024.93 | 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 182/365. There were 182 days in the six months ended March 31, 2021. The Fund’s annualized six-month expense ratios for that period were 0.11% for the Institutional Class, 0.24% 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 3/31/2021 | |
U.S. Treasury securities | 66.0 | |
Corporate bonds | 18.3 | |
Foreign government & corporate bonds denominated in U.S. dollars | 12.1 | |
U.S. agency securities | 3.1 | |
Short-term investments, other assets & liabilities, net | 0.5 | |
Total | 100.0 |
Performance for the twelve months ended March 31, 2021
The Short-Term Bond Index Fund returned 1.45% for the Institutional Class, compared with the 1.57% 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.
Economic growth resumed after pandemic setback
The U.S. economy contracted sharply early in the period due to the COVID-19 outbreak and global efforts to contain the spread of the virus. But the nation’s output recovered during the summer of 2020, and economic growth continued through the rest of the year and into 2021. The unemployment rate, which had spiked to 14.7% in April 2020, declined steadily during the period and settled at 6.0% in March 2021. Core inflation, which measures all items except food and energy, rose 1.6% over the twelve months ended March 2021. Crude oil prices, hit hard in the early stages of the pandemic, rose from $20 to $59 per barrel during the period.
The Federal Reserve, which had reduced the federal funds target rate in March 2020, kept the key short-term interest-rate measure at 0.00%–0.25% throughout the period. Meanwhile, the federal government enacted a $900 billion pandemic aid package in December 2020, followed by a $1.9 trillion COVID-19 relief bill in March 2021.
All major categories of the fixed-income market produced gains for the period. High-yield bonds performed best, with double-digit returns, followed by U.S. Treasury inflation-protected securities (TIPS), municipal bonds and shorter-term bonds. The Bloomberg Barclays U.S. Aggregate Bond Index, a broad measure of the U.S. investment-grade fixed-rate bond market, posted the smallest advance.
Corporate bonds drove the benchmark’s performance
All of the sectors in the benchmark posted positive returns for the twelve-month period. Corporate bonds—the second-largest sector with a weighting of 23.3%—was the index’s best-performing component with a return of 5.4%. Government credit securities and government agency bonds both trailed the benchmark’s return with gains of 1.2% and 1.0%, respectively. Short-term Treasuries, by far the benchmark’s largest sector with a weighting of 65.6%, underperformed with a meager gain of just 0.3%.
Fund advanced but trailed 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 | 2021 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
Performance as of March 31, 2021
Short-Term Bond Index Fund | Total return | Average annual total return | Annual operating expenses* | |||||||||||||||||||||
Inception date | 1 year | 5 years | since inception | gross | net | |||||||||||||||||||
Institutional Class | 8/7/15 | 1.45 | % | 1.85 | % | 1.79 | % | 0.13 | % | 0.12 | % | |||||||||||||
Advisor Class | 12/4/15 | 1.32 | 1.74 | 1.68 | † | 0.27 | 0.26 | |||||||||||||||||
Premier Class | 8/7/15 | 1.30 | 1.68 | 1.62 | 0.28 | 0.27 | ||||||||||||||||||
Retirement Class | 8/7/15 | 1.20 | 1.60 | 1.54 | 0.38 | 0.37 | ||||||||||||||||||
Retail Class | 8/7/15 | 1.12 | 1.51 | 1.45 | 0.50 | 0.47 | ||||||||||||||||||
Class W | 9/28/18 | 1.56 | 1.91 | † | 1.84 | † | 0.13 | 0.00 | ||||||||||||||||
Bloomberg Barclays U.S. 1–3 Year Government/ Credit Bond Index | — | 1.57 | 2.00 | 1.94 | ‡ | — | — |
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, 2021, unless changed with the approval of the Board of Trustees. Without these reimbursements, expenses would be higher and returns lower. Refer to the Financial highlights later in this report for the Fund’s expense ratios as of the end of the reporting period. |
† | The performance shown for the Advisor Class and Class W that is prior to their respective inception dates is based on the 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. |
$10,000,000 invested at Fund’s inception
Institutional Class (inception August 7, 2015)
Ending amounts are as of March 31, 2021. 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 3/31/2021 | ||
Less than 1 year | 3.3 | |
1–3 years | 95.5 | |
3–5 years | 1.2 | |
Total | 100.0 |
Holdings by credit quality
% of fixed-income investments (excluding short-term investments) as of 3/31/2021 | ||
U.S. Treasury & U.S. agency securities* | 68.4 | |
Aaa/AAA | 4.5 | |
Aa/AA | 4.0 | |
A/A | 12.0 | |
Baa/BBB | 11.0 | |
Non-rated | 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 3/31/2021 | ||
Net assets | $1.07 billion | |
Portfolio turnover rate | 48% | |
Number of issues | 714 | |
Option-adjusted duration‡ | 1.94 years | |
Average maturity§ | 1.98 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 ■ 2021 Annual Report | 31 |
Expense example
Six months ended March 31, 2021
Money Market Fund | Beginning account value (10/1/20) | Ending account value (3/31/21) | Expenses paid during period* (10/1/20– 3/31/21) |
Actual return | |||
Institutional Class | $1,000.00 | $1,000.10 | $0.55 |
Advisor Class | 1,000.00 | 1,000.03 | 0.65 |
Premier Class | 1,000.00 | 1,000.00 | 1.80 |
Retirement Class | 1,000.00 | 1,000.01 | 1.55 |
Retail Class | 1,000.00 | 1,000.00 | 2.94 |
5% annual hypothetical return | |||
Institutional Class | 1,000.00 | 1,024.38 | 0.56 |
Advisor Class | 1,000.00 | 1,024.28 | 0.66 |
Premier Class | 1,000.00 | 1,023.14 | 1.82 |
Retirement Class | 1,000.00 | 1,023.39 | 1.56 |
Retail Class | 1,000.00 | 1,021.99 | 2.97 |
* | “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 182/365. There were 182 days in the six months ended March 31, 2021. The Fund’s annualized six-month expense ratios for that period were 0.11% for the Institutional Class, 0.13% for the Advisor Class, 0.36% for the Premier Class, 0.31% for the Retirement Class and 0.59% 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 3/31/2021 | |
U.S. Treasury securities* | 43.1 | |
U.S. government agency securities* | 32.2 | |
Floating-rate securities, government* | 24.8 | |
Other assets & liabilities, net | –0.1 | |
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, 2021
The Money Market Fund returned 0.10% for the Institutional Class, compared with the 0.03% 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.
Economic growth resumed after pandemic setback
The U.S. economy contracted sharply early in the period due to the COVID-19 outbreak and global efforts to contain the spread of the virus. But the nation’s output recovered during the summer of 2020, and economic growth continued through the rest of the year and into 2021. The unemployment rate, which had spiked to 14.7% in April 2020, declined steadily during the period and settled at 6.0% in March 2021. Core inflation, which measures all items except food and energy, rose 1.6% over the twelve months ended March 2021. Crude oil prices, hit hard in the early stages of the pandemic, rose from $20 to $59 per barrel during the period.
The Federal Reserve, which had reduced the federal funds target rate in March 2020, kept the key short-term interest-rate measure at 0.00%–0.25% throughout the period. Meanwhile, the federal government enacted a $900 billion pandemic aid package in December 2020, followed by a $1.9 trillion COVID-19 relief bill in March 2021.
The Fed’s actions kept yields on the short-term government securities in which the Fund invests at near-zero levels. The “secured overnight financing rate” (SOFR)—a key indicator of short-term government money market rates—was unchanged at 0.01% between April 1, 2020, and March 31, 2021.
Early investment surge abated later in the period
Due to extreme equity and bond market volatility at the beginning of the period, government-only money market funds initially attracted significant assets as investors sought the quality and relative safety of these investments. This large influx of money into the Fund was subsequently invested in the current low-rate environment, resulting in a lower portfolio yield, which is expected to persist. As the period progressed and markets recovered, investors felt more confident about the prospects of riskier asset classes, and the Fund’s assets declined.
Fund surpassed the iMoneyNet average
For the period, the return of the Money Market Fund outperformed that of the iMoneyNet government fund average. In pursuit of additional yield, management continued its strategy of holding higher-yielding floating-rate government agency paper, which was beneficial. As of March 30, 2021, the Fund’s weighted average maturity was 45 days, versus 44 days for the iMoneyNet government fund average. iMoneyNet releases their data on a weekly basis, and March 30 was the last date of release for the month.
32 | 2021 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
Performance as of March 31, 2021
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 | 0.10 | % | 1.05 | % | 0.54 | % | 0.13 | % | 0.13 | % | |||||||||||||
Advisor Class | 12/4/15 | 0.15 | 1.05 | 0.54 | † | 0.23 | 0.23 | |||||||||||||||||
Premier Class | 9/30/09 | 0.04 | 0.92 | 0.46 | 0.28 | 0.28 | ||||||||||||||||||
Retirement Class | 3/31/06 | 0.04 | 0.87 | 0.44 | 0.38 | 0.38 | ||||||||||||||||||
Retail Class | 3/31/06 | 0.02 | 0.77 | 0.38 | 0.47 | 0.47 | ||||||||||||||||||
iMoneyNet Money Fund Averages™—All Government§ | — | 0.03 | 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, 2021, unless changed with the approval of the Board of Trustees. Teachers Advisors, and its affiliates, have agreed to voluntarily waive a portion of the expenses of the Fund to the extent needed to maintain a non-negative yield. This waiver may be terminated at any time. Without these reimbursements and waivers, expenses would be higher and returns lower. Refer to the Financial highlights later in this report for the Fund’s expense ratios as of the end of the reporting period. |
† | The performance shown for the Advisor Class that is prior to its inception date is based on the 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 30, 2021)‡
Current | Effective | |||||||
yield | yield | |||||||
Money Market Fund | ||||||||
Institutional Class | 0.00 | % | 0.00 | % | ||||
Advisor Class | 0.00 | 0.00 | ||||||
Premier Class | 0.00 | 0.00 | ||||||
Retirement Class | 0.00 | 0.00 | ||||||
Retail Class | 0.00 | 0.00 | ||||||
iMoneyNet Money Fund Averages™—All Government§ | 0.03 | 0.03 |
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 3/31/2021 | |
Net assets | $1.43 billion |
Number of issues | 93 |
TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Annual Report | 33 |
Summary portfolio of investments
Bond Index Fund ■ March 31, 2021
Principal | Issuer | Value | % of net assets | |||||||||||
BONDS | ||||||||||||||
CORPORATE BONDS | ||||||||||||||
AUTOMOBILES & COMPONENTS | $ | 21,594,469 | 0.1 | % | ||||||||||
BANKS | ||||||||||||||
Bank of America Corp | ||||||||||||||
$ | 114,440,000 | 0.810%–6.110%, 07/21/23–03/13/52 | 120,231,103 | 0.6 | ||||||||||
Other | 720,443,017 | 3.7 | ||||||||||||
840,674,120 | 4.3 | |||||||||||||
CAPITAL GOODS | 299,754,457 | 1.5 | ||||||||||||
COMMERCIAL & PROFESSIONAL SERVICES | 32,335,892 | 0.2 | ||||||||||||
CONSUMER DURABLES & APPAREL | 24,146,865 | 0.2 | ||||||||||||
CONSUMER SERVICES | 104,656,680 | 0.5 | ||||||||||||
DIVERSIFIED FINANCIALS | 512,810,742 | 2.6 | ||||||||||||
ENERGY | 395,909,243 | 2.0 | ||||||||||||
FOOD & STAPLES RETAILING | 59,771,831 | 0.3 | ||||||||||||
FOOD, BEVERAGE & TOBACCO | 215,161,353 | 1.1 | ||||||||||||
HEALTH CARE EQUIPMENT & SERVICES | 263,855,132 | 1.4 | ||||||||||||
HOUSEHOLD & PERSONAL PRODUCTS | 28,047,555 | 0.1 | ||||||||||||
INSURANCE | 159,479,306 | 0.8 | ||||||||||||
MATERIALS | 136,650,618 | 0.7 | ||||||||||||
MEDIA & ENTERTAINMENT | 224,538,526 | 1.2 | ||||||||||||
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 291,443,718 | 1.5 | ||||||||||||
REAL ESTATE | 193,711,304 | 1.0 | ||||||||||||
RETAILING | 143,814,760 | 0.7 | ||||||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | 100,662,206 | 0.5 | ||||||||||||
SOFTWARE & SERVICES | 218,552,528 | 1.1 | ||||||||||||
TECHNOLOGY HARDWARE & EQUIPMENT | 146,410,473 | 0.8 | ||||||||||||
TELECOMMUNICATION SERVICES | 254,100,359 | 1.3 | ||||||||||||
TRANSPORTATION | 110,407,825 | 0.5 | ||||||||||||
UTILITIES | 441,781,558 | 2.3 | ||||||||||||
TOTAL CORPORATE BONDS (Cost $4,973,754,355) | 5,220,271,520 | 26.7 | ||||||||||||
GOVERNMENT BONDS | ||||||||||||||
AGENCY SECURITIES | 269,145,426 | 1.4 | ||||||||||||
FOREIGN GOVERNMENT BONDS | 732,929,910 | 3.8 | ||||||||||||
MORTGAGE BACKED | ||||||||||||||
Federal Home Loan Mortgage Corp Gold (FGLMC) | ||||||||||||||
598,421,910 | 2.500%–8.000%, 05/01/21–05/01/49 | 639,204,674 | 3.3 | |||||||||||
Federal National Mortgage Association (FNMA) | ||||||||||||||
99,649,509 | 2.000%, 03/01/36 | 102,354,450 | 0.5 | |||||||||||
253,475,064 | 2.500%, 10/01/50 | 260,350,550 | 1.3 | |||||||||||
130,709,661 | 2.000%, 11/01/50 | 130,553,821 | 0.7 | |||||||||||
137,086,552 | 2.000%, 12/01/50 | 137,203,668 | 0.7 |
Principal | Issuer | Value | % of net assets | |||||||||||
MORTGAGE BACKED—continued | ||||||||||||||
$ | 102,178,947 | 2.000%, 01/01/51 | $ | 102,057,911 | 0.5 | % | ||||||||
146,085,352 | 2.500%, 02/01/51 | 150,047,902 | 0.8 | |||||||||||
135,470,366 | 2.000%, 03/01/51 | 135,308,850 | 0.7 | |||||||||||
160,000,000 | h | 2.000%, 04/01/51 | 159,810,080 | 0.8 | ||||||||||
2,030,248,906 | 1.000%–8.000%, 08/01/21–07/01/55 | 2,129,965,793 | 10.9 | |||||||||||
Government National Mortgage Association (GNMA) | ||||||||||||||
95,583,995 | 3.000%, 08/20/50 | 99,633,101 | 0.5 | |||||||||||
83,387,625 | 2.500%, 12/20/50 | 86,113,265 | 0.5 | |||||||||||
1,008,403,941 | 2.000%–8.500%, 01/20/24–02/20/51 | 1,065,984,023 | 5.5 | |||||||||||
Other | 140,529,431 | 0.7 | ||||||||||||
5,339,117,519 | 27.4 | |||||||||||||
MUNICIPAL BONDS | 159,712,733 | 0.8 | ||||||||||||
U.S. TREASURY SECURITIES | ||||||||||||||
United States Treasury Bond | ||||||||||||||
179,483,000 | 3.500%, 02/15/39 | 215,218,345 | 1.1 | |||||||||||
82,500,000 | 3.000%, 02/15/49 | 92,683,594 | 0.5 | |||||||||||
656,135,000 | 2.250%–5.000%, 02/15/36–11/15/49 | 760,379,816 | 3.9 | |||||||||||
United States Treasury Note | ||||||||||||||
72,000,000 | 1.875%, 04/30/22 | 73,380,938 | 0.4 | |||||||||||
68,000,000 | 2.000%, 11/30/22 | 70,095,781 | 0.4 | |||||||||||
80,000,000 | 2.500%, 03/31/23 | 83,728,125 | 0.4 | |||||||||||
80,000,000 | 2.750%, 05/31/23 | 84,412,500 | 0.4 | |||||||||||
91,500,000 | 2.625%, 06/30/23 | 96,482,460 | 0.5 | |||||||||||
80,000,000 | 2.750%, 07/31/23 | 84,712,500 | 0.4 | |||||||||||
116,000,000 | 2.750%, 08/31/23 | 123,032,500 | 0.6 | |||||||||||
65,000,000 | 2.875%, 11/30/23 | 69,478,906 | 0.4 | |||||||||||
129,300,000 | 2.500%, 01/31/24 | 137,249,930 | 0.7 | |||||||||||
70,000,000 | 2.375%, 02/29/24 | 74,137,109 | 0.4 | |||||||||||
325,000,000 | 2.125%, 03/31/24 | 342,113,281 | 1.7 | |||||||||||
174,000,000 | 2.250%, 04/30/24 | 183,957,421 | 0.9 | |||||||||||
111,500,000 | 2.000%, 05/31/24 | 117,088,067 | 0.6 | |||||||||||
152,000,000 | 1.750%, 06/30/24 | 158,483,750 | 0.8 | |||||||||||
212,000,000 | 1.750%, 07/31/24 | 221,134,219 | 1.1 | |||||||||||
81,000,000 | 1.500%, 09/30/24 | 83,790,703 | 0.4 | |||||||||||
90,500,000 | 1.500%, 10/31/24 | 93,596,797 | 0.5 | |||||||||||
75,000,000 | 1.750%, 12/31/24 | 78,240,234 | 0.4 | |||||||||||
73,000,000 | 0.500%, 03/31/25 | 72,535,195 | 0.4 | |||||||||||
134,000,000 | 0.250%, 06/30/25 | 131,288,593 | 0.7 | |||||||||||
110,000,000 | 0.250%, 07/31/25 | 107,602,343 | 0.5 | |||||||||||
97,000,000 | 0.250%, 10/31/25 | 94,449,961 | 0.5 | |||||||||||
275,000,000 | 0.375%, 11/30/25 | 268,995,117 | 1.4 | |||||||||||
126,000,000 | 0.375%, 01/31/26 | 122,879,532 | 0.6 | |||||||||||
157,000,000 | 0.500%, 02/28/26 | 153,933,594 | 0.8 | |||||||||||
110,000,000 | 0.750%, 03/31/26 | 109,046,093 | 0.6 | |||||||||||
71,000,000 | 1.625%, 09/30/26 | 73,135,547 | 0.4 | |||||||||||
89,500,000 | 1.750%, 12/31/26 | 92,625,508 | 0.5 | |||||||||||
75,000,000 | 0.625%, 11/30/27 | 71,519,531 | 0.4 | |||||||||||
66,000,000 | 2.875%, 05/15/28 | 72,551,015 | 0.4 | |||||||||||
85,000,000 | 3.125%, 11/15/28 | 95,057,226 | 0.5 | |||||||||||
92,000,000 | 2.375%, 05/15/29 | 97,764,375 | 0.5 | |||||||||||
117,000,000 | 1.500%, 02/15/30 | 115,560,351 | 0.6 | |||||||||||
84,000,000 | 0.875%, 11/15/30 | 77,686,875 | 0.4 | |||||||||||
85,000,000 | e | 1.125%, 02/15/31 | 80,311,719 | 0.4 | ||||||||||
147,500,000 | 1.375%, 11/15/40 | 125,467,187 | 0.6 | |||||||||||
83,500,000 | 1.625%, 11/15/50 | 69,578,984 | 0.4 | |||||||||||
1,865,184,100 | 0.125%–8.000%, 11/15/21–02/15/51 | 1,865,593,775 | 9.5 | |||||||||||
7,140,979,497 | 36.6 | |||||||||||||
TOTAL GOVERNMENT BONDS (Cost $13,384,732,230) | 13,641,885,085 | 70.0 |
34 | 2021 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements |
Summary portfolio of investments | concluded |
Bond Index Fund ■ March 31, 2021
Principal | Issuer | Value | % of net assets | ||||||||||||
STRUCTURED ASSETS | |||||||||||||||
ASSET BACKED | $ | 122,916,751 | 0.6 | % | |||||||||||
OTHER MORTGAGE BACKED | 410,388,769 | 2.1 | |||||||||||||
TOTAL STRUCTURED ASSETS (Cost $521,102,505) | 533,305,520 | 2.7 | |||||||||||||
TOTAL BONDS (Cost $18,879,589,090) | 19,395,462,125 | 99.4 | |||||||||||||
SHORT-TERM INVESTMENTS | |||||||||||||||
GOVERNMENT AGENCY DEBT | |||||||||||||||
Federal Home Loan Bank (FHLB) | |||||||||||||||
$ | 72,447,000 | 0.010%, 04/23/21 | 72,447,000 | 0.4 | |||||||||||
Other | 217,205,624 | 1.1 | |||||||||||||
289,652,624 | 1.5 | ||||||||||||||
TREASURY DEBT | 131,108,481 | 0.7 | |||||||||||||
Shares | Company | ||||||||||||||
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES | 47,264,181 | 0.2 | |||||||||||||
47,264,181 | c | State Street Navigator Securities Lending Government Money Market Portfolio 0.030% | 47,264,181 | 0.2 | |||||||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $467,622,740) | 468,025,286 | 2.4 | |||||||||||||
TOTAL PORTFOLIO (Cost $19,347,211,830) | 19,863,487,411 | 101.8 | |||||||||||||
OTHER ASSETS & LIABILITIES, NET | (344,240,291 | ) | (1.8 | ) | |||||||||||
NET ASSETS | $ | 19,519,247,120 | 100.0 | % |
c | Investments made with cash collateral received from securities on loan. |
e | All or a portion of these securities are out on loan. The aggregate value of securities on loan is $48,044,994. See Note 4 in the Notes to financial statements for additional information about securities lending collateral. |
h | All or a portion of these securities were purchased on a delayed delivery basis. |
“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 3/31/21, the aggregate value of securities exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended, amounted to $172,245,116 or 0.9% 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 ■ 2021 Annual Report | 35 |
Summary portfolio of investments
Core Bond Fund ■ March 31, 2021
Principal | Issuer | Value | % of net assets | |||||||||||
BANK LOAN OBLIGATIONS | ||||||||||||||
AUTOMOBILES & COMPONENTS | $ | 1,864,375 | 0.0 | % | ||||||||||
BANKS | 1,490,462 | 0.0 | ||||||||||||
CAPITAL GOODS | 8,359,701 | 0.1 | ||||||||||||
COMMERCIAL & PROFESSIONAL SERVICES | 23,811,523 | 0.3 | ||||||||||||
CONSUMER DURABLES & APPAREL | 3,551,096 | 0.0 | ||||||||||||
CONSUMER SERVICES | 17,401,819 | 0.2 | ||||||||||||
DIVERSIFIED FINANCIALS | 1,960,256 | 0.0 | ||||||||||||
ENERGY | 3,912,426 | 0.0 | ||||||||||||
FOOD, BEVERAGE & TOBACCO | 7,714,516 | 0.1 | ||||||||||||
HEALTH CARE EQUIPMENT & SERVICES | 25,358,964 | 0.3 | ||||||||||||
HOUSEHOLD & PERSONAL PRODUCTS | 3,100,548 | 0.0 | ||||||||||||
INSURANCE | 9,592,563 | 0.1 | ||||||||||||
MATERIALS | 15,982,591 | 0.2 | ||||||||||||
MEDIA & ENTERTAINMENT | 28,001,324 | 0.3 | ||||||||||||
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 13,758,073 | 0.2 | ||||||||||||
REAL ESTATE | 1,672,921 | 0.0 | ||||||||||||
RETAILING | 4,782,566 | 0.1 | ||||||||||||
SOFTWARE & SERVICES | 9,351,378 | 0.1 | ||||||||||||
TECHNOLOGY HARDWARE & EQUIPMENT | 4,412,141 | 0.1 | ||||||||||||
TELECOMMUNICATION SERVICES | 4,449,343 | 0.1 | ||||||||||||
TRANSPORTATION | 6,025,286 | 0.1 | ||||||||||||
UTILITIES | 11,639,510 | 0.1 | ||||||||||||
TOTAL BANK LOAN OBLIGATIONS (Cost $209,412,677) | 208,193,382 | 2.4 | ||||||||||||
BONDS | ||||||||||||||
CORPORATE BONDS | ||||||||||||||
AUTOMOBILES & COMPONENTS | 39,302,408 | 0.5 | ||||||||||||
BANKS | ||||||||||||||
Bank of America Corp | ||||||||||||||
$ | 143,175,000 | 1.898%–6.250%, 01/22/25–N/A‡ | 147,619,995 | 1.7 | ||||||||||
Citigroup, Inc | ||||||||||||||
32,075,000 | 2.666%, 01/29/31 | 32,226,594 | 0.4 | |||||||||||
JPMorgan Chase & Co | ||||||||||||||
114,895,000 | 1.953%–6.100%, 10/15/25–N/A‡ | 120,228,344 | 1.4 | |||||||||||
Other | 428,767,370 | 4.9 | ||||||||||||
728,842,303 | 8.4 | |||||||||||||
CAPITAL GOODS | 113,295,567 | 1.3 | ||||||||||||
COMMERCIAL & PROFESSIONAL SERVICES | 32,593,028 | 0.4 | ||||||||||||
CONSUMER DURABLES & APPAREL | 12,854,341 | 0.1 | ||||||||||||
CONSUMER SERVICES | 41,904,578 | 0.5 | ||||||||||||
DIVERSIFIED FINANCIALS | 299,498,451 | 3.4 |
Principal | Issuer | Value | % of net assets | |||||||||||
ENERGY | $ | 348,430,333 | 3.9 | % | ||||||||||
FOOD & STAPLES RETAILING | 52,775,659 | 0.6 | ||||||||||||
FOOD, BEVERAGE & TOBACCO | 129,631,826 | 1.5 | ||||||||||||
HEALTH CARE EQUIPMENT & SERVICES | 158,810,071 | 1.8 | ||||||||||||
INSURANCE | 109,947,618 | 1.3 | ||||||||||||
MATERIALS | 148,873,854 | 1.8 | ||||||||||||
MEDIA & ENTERTAINMENT | 193,750,958 | 2.2 | ||||||||||||
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 129,887,053 | 1.4 | ||||||||||||
REAL ESTATE | 179,840,193 | 2.0 | ||||||||||||
RETAILING | 49,429,419 | 0.6 | ||||||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | 36,358,975 | 0.4 | ||||||||||||
SOFTWARE & SERVICES | 79,000,266 | 0.9 | ||||||||||||
TECHNOLOGY HARDWARE & EQUIPMENT | 62,937,422 | 0.8 | ||||||||||||
TELECOMMUNICATION SERVICES | 197,142,653 | 2.3 | ||||||||||||
TRANSPORTATION | 52,405,362 | 0.6 | ||||||||||||
UTILITIES | 296,991,079 | 3.4 | ||||||||||||
TOTAL CORPORATE BONDS (Cost $3,418,441,648) | 3,494,503,417 | 40.1 | ||||||||||||
GOVERNMENT BONDS | ||||||||||||||
AGENCY SECURITIES | 49,869,168 | 0.6 | ||||||||||||
FOREIGN GOVERNMENT BONDS | 257,299,376 | 3.0 | ||||||||||||
MORTGAGE BACKED | ||||||||||||||
Federal Home Loan Mortgage Corp (FHLMC) | ||||||||||||||
$ | 34,051,167 | 4.000%, 09/01/49 | 37,234,180 | 0.4 | ||||||||||
Federal Home Loan Mortgage Corp Gold (FGLMC) | ||||||||||||||
23,380,989 | 3.500%, 08/01/46 | 25,290,830 | 0.3 | |||||||||||
133,977,399 | 3.000%–8.000%, 01/01/31–08/01/48 | 146,301,365 | 1.6 | |||||||||||
Federal National Mortgage Association (FNMA) | ||||||||||||||
107,000,000 | h | 2.000%, 04/25/36 | 109,811,159 | 1.3 | ||||||||||
64,000,000 | h | 2.500%, 05/25/32 | 66,557,500 | 0.8 | ||||||||||
22,591,792 | 3.500%, 03/01/48 | 23,959,666 | 0.3 | |||||||||||
184,850,000 | h | 3.000%, 04/25/51 | 192,540,048 | 2.2 | ||||||||||
211,365,000 | h | 2.500%, 05/25/51 | 216,442,714 | 2.5 | ||||||||||
24,889,062 | 3.000%, 07/01/50 | 26,480,216 | 0.3 | |||||||||||
63,265,000 | h | 2.000%, 04/25/51 | 63,146,379 | 0.7 | ||||||||||
94,990,000 | h | 2.500%, 04/25/51 | 97,476,067 | 1.1 | ||||||||||
161,750,000 | h | 2.000%, 05/25/51 | 161,149,757 | 1.9 | ||||||||||
346,522,193 | 2.000%–8.000%, 07/01/24–02/25/51 | 353,158,429 | 3.9 | |||||||||||
Government National Mortgage Association (GNMA) | ||||||||||||||
63,402,449 | 3.000%, 08/20/50 | 66,088,288 | 0.8 | |||||||||||
46,060,000 | h | 2.000%, 04/20/51 | 46,506,207 | 0.5 | ||||||||||
182,550,000 | h | 2.500%, 04/20/51 | 188,354,520 | 2.2 | ||||||||||
47,520,000 | h | 3.000%, 04/20/47 | 49,504,331 | 0.6 | ||||||||||
48,600,000 | h | 2.000%, 05/20/51 | 48,991,078 | 0.6 | ||||||||||
Other | 76,418,270 | 0.9 | ||||||||||||
1,995,411,004 | 22.9 |
36 | 2021 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements |
Summary portfolio of investments continued
Core Bond Fund ■ March 31, 2021
Principal | Issuer | Value | % of net assets | ||||||||||||
MUNICIPAL BONDS | |||||||||||||||
State of Illinois | |||||||||||||||
$ | 21,060,000 | 5.100%, 06/01/33 | $ | 23,710,677 | 0.3 | % | |||||||||
Other | 152,994,914 | 1.7 | |||||||||||||
176,705,591 | 2.0 | ||||||||||||||
U.S. TREASURY SECURITIES | |||||||||||||||
United States Treasury Bond | |||||||||||||||
36,875,000 | 3.500%, 02/15/39 | 44,216,870 | 0.5 | ||||||||||||
42,835,000 | 2.750%, 11/15/47 | 45,798,312 | 0.5 | ||||||||||||
55,445,000 | 3.000%, 02/15/48 | 62,152,545 | 0.7 | ||||||||||||
45,841,000 | 3.375%, 11/15/48 | 55,053,967 | 0.6 | ||||||||||||
United States Treasury Note | |||||||||||||||
536,271,000 | 0.250%, 03/15/24 | 534,846,530 | 6.2 | ||||||||||||
55,595,000 | 0.750%, 03/31/26 | 55,112,887 | 0.6 | ||||||||||||
56,000,000 | 1.875%, 02/15/51 | 49,700,000 | 0.6 | ||||||||||||
94,253,000 | 0.125%–3.125%, 08/31/22–11/15/50 | 90,334,775 | 1.1 | ||||||||||||
Other | 72,648,193 | 0.8 | |||||||||||||
1,009,864,079 | 11.6 | ||||||||||||||
TOTAL GOVERNMENT BONDS (Cost $3,426,670,932) | 3,489,149,218 | 40.1 | |||||||||||||
STRUCTURED ASSETS | |||||||||||||||
ASSET BACKED | |||||||||||||||
FNA VI LLC | |||||||||||||||
Series - 2021 1A (Class A) | |||||||||||||||
25,538,715 | g | 1.350%, 01/10/32 | 25,499,475 | 0.3 | |||||||||||
Other | 607,110,623 | 7.0 | |||||||||||||
632,610,098 | 7.3 | ||||||||||||||
OTHER MORTGAGE BACKED | 671,606,883 | 7.7 | |||||||||||||
TOTAL STRUCTURED ASSETS (Cost $1,293,067,707) | 1,304,216,981 | 15.0 | |||||||||||||
TOTAL BONDS (Cost $8,138,180,287) | 8,287,869,616 | 95.2 | |||||||||||||
Shares | Company | ||||||||||||||
COMMON STOCKS | |||||||||||||||
MATERIALS | 503,626 | 0.0 | |||||||||||||
MEDIA & ENTERTAINMENT | 193,283 | 0.0 | |||||||||||||
TOTAL COMMON STOCKS (Cost $591,088) | 696,909 | 0.0 | |||||||||||||
PREFERRED STOCKS | |||||||||||||||
BANKS | 9,975,000 | 0.1 | |||||||||||||
TOTAL PREFERRED STOCKS (Cost $9,820,000) | 9,975,000 | 0.1 | |||||||||||||
Principal | Issuer | ||||||||||||||
SHORT-TERM INVESTMENTS | |||||||||||||||
GOVERNMENT AGENCY DEBT | |||||||||||||||
Federal Farm Credit Bank (FFCB) | |||||||||||||||
$ | 25,000,000 | 0.040%, 04/13/21 | $ | 25,000,000 | 0.3 | % | |||||||||
33,333,000 | 0.080%, 02/15/22 | 33,315,223 | 0.4 | ||||||||||||
113,516,000 | 0.030%–0.090%, 04/08/21–12/14/21 | 113,500,976 | 1.3 |
Principal | Issuer | Value | % of net assets | ||||||||||||
GOVERNMENT AGENCY DEBT (continued) | |||||||||||||||
Federal Home Loan Bank (FHLB) | |||||||||||||||
$ | 51,032,000 | 0.085%, 04/09/21 | $ | 51,032,000 | 0.6 | % | |||||||||
34,475,000 | 0.085%, 04/13/21 | 34,475,000 | 0.4 | ||||||||||||
89,496,000 | 0.085%, 04/14/21 | 89,496,000 | 1.0 | ||||||||||||
81,803,000 | 0.033%, 04/23/21 | 81,803,000 | 0.9 | ||||||||||||
24,442,000 | 0.010%, 05/03/21 | 24,441,783 | 0.3 | ||||||||||||
55,760,000 | 0.035%, 05/10/21 | 55,759,396 | 0.6 | ||||||||||||
82,581,000 | 0.039%, 05/12/21 | 82,580,059 | 1.0 | ||||||||||||
25,000,000 | 0.090%, 07/21/21 | 24,997,687 | 0.3 | ||||||||||||
45,340,000 | 0.058%, 08/18/21 | 45,334,748 | 0.5 | ||||||||||||
40,710,000 | 0.060%, 09/01/21 | 40,703,079 | 0.5 | ||||||||||||
133,074,000 | 0.020%–0.087%, 04/07/21–09/15/21 | 133,065,218 | 1.5 | ||||||||||||
835,504,169 | 9.6 | ||||||||||||||
TREASURY DEBT | |||||||||||||||
United States Cash Management Bill | |||||||||||||||
26,767,000 | 0.088%, 06/22/21 | 26,766,207 | 0.3 | ||||||||||||
United States Treasury Bill | |||||||||||||||
74,090,000 | 0.036%, 04/08/21 | 74,089,928 | 0.9 | ||||||||||||
123,371,000 | 0.088%, 04/20/21 | 123,369,860 | 1.4 | ||||||||||||
36,235,000 | 0.088%, 04/27/21 | 36,234,608 | 0.4 | ||||||||||||
25,000,000 | 0.095%, 04/29/21 | 24,999,806 | 0.3 | ||||||||||||
51,745,000 | 0.090%, 05/06/21 | 51,744,371 | 0.6 | ||||||||||||
25,000,000 | 0.036%, 05/20/21 | 24,999,489 | 0.3 | ||||||||||||
26,240,000 | 0.041%, 05/27/21 | 26,239,490 | 0.3 | ||||||||||||
50,000,000 | 0.092%, 06/03/21 | 49,998,687 | 0.6 | ||||||||||||
25,000,000 | 0.033%, 06/17/21 | 24,999,198 | 0.3 | ||||||||||||
56,820,000 | 0.101%, 06/24/21 | 56,818,343 | 0.7 | ||||||||||||
25,000,000 | 0.088%, 07/08/21 | 24,998,724 | 0.3 | ||||||||||||
Other | 64,539,995 | 0.7 | |||||||||||||
609,798,706 | 7.1 | ||||||||||||||
Shares | Company | ||||||||||||||
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES | 21,209,160 | 0.2 | |||||||||||||
21,209,160 | c | State Street Navigator Securities Lending Government Money Market Portfolio 0.030% | 21,209,160 | 0.2 | |||||||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $1,466,405,902) | 1,466,512,035 | 16.9 | |||||||||||||
TOTAL PORTFOLIO (Cost $9,824,409,954) | 9,973,246,942 | 114.6 | |||||||||||||
OTHER ASSETS & LIABILITIES, NET | (1,270,023,779 | ) | (14.6 | ) | |||||||||||
NET ASSETS | $ | 8,703,223,163 | 100.0 | % |
‡ | Perpetual security |
c | Investments made with cash collateral received from securities on loan. |
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 3/31/21, the aggregate value of these securities, including those in “Other,” is $1,834,129,646 or 21.1% of net assets. |
h | All or a portion of these securities were purchased on a delayed delivery basis. |
“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 3/31/21, the aggregate value of securities on loan is $20,582,500. See Note 4 in the Notes to financial statements for additional information about securities lending collateral.
See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Annual Report | 37 |
Summary portfolio of investments | concluded |
Core Bond Fund ■ March 31, 2021
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, 2021 were as follows:
Currency to be purchased | Receive | Currency to be sold | Deliver | Counterparty | Settlement date | Unrealized appreciation (depreciation | ) | |||||||
$ | 2,535,059 | EUR | 2,080,386 | AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED | 04/22/21 | $94,277 |
Abbreviations(s):
EUR | Euro |
Centrally cleared credit default swap contracts outstanding as of March 31, 2021 were as follows:
PURCHASED
Reference entity | Terms of payments to be paid | Terms of payments to be received | Counterparty | Fixed rate payment frequency | Maturity date | Notional amount | * | Value | Premiums paid (received | ) | Variation margin | Unrealized appreciation (depreciation | ) | ||||||||
CDX-NAHYS36V1-5Y | 5.000% | Credit event as specified in contract | Citigroup Global Markets, Inc | Quarterly | 06/20/26 | 35,000,000 | $(3,170,191) | $(2,980,622) | $(155,280) | $(189,569) |
* | The maximum potential amount the Account 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. |
38 | 2021 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements |
Summary portfolio of investments
Core Impact Bond Fund ■ March 31, 2021
Principal | Issuer | Value | % of net assets | ||||||||||
BANK LOAN OBLIGATIONS | |||||||||||||
MATERIALS | $ | 24,594 | 0.0 | % | |||||||||
UTILITIES | 7,683,976 | 0.1 | |||||||||||
TOTAL BANK LOAN OBLIGATIONS (Cost $7,668,196) | 7,708,570 | 0.1 | |||||||||||
BONDS | |||||||||||||
CORPORATE BONDS | |||||||||||||
AUTOMOBILES & COMPONENTS | 41,613,266 | 0.7 | |||||||||||
BANKS | 581,362,352 | 9.3 | |||||||||||
CAPITAL GOODS | 102,330,287 | 1.7 | |||||||||||
COMMERCIAL & PROFESSIONAL SERVICES | 16,488,052 | 0.3 | |||||||||||
CONSUMER SERVICES | 73,351,426 | 1.2 | |||||||||||
DIVERSIFIED FINANCIALS | |||||||||||||
BPCE S.A. | |||||||||||||
$ | 21,400,000 | g | 1.652%, 10/06/26 | 21,350,006 | 0.3 | ||||||||
Other | 210,563,496 | 3.5 | |||||||||||
231,913,502 | 3.8 | ||||||||||||
ENERGY | 161,257,308 | 2.6 | |||||||||||
FOOD & STAPLES RETAILING | 29,480,150 | 0.5 | |||||||||||
FOOD, BEVERAGE & TOBACCO | 36,666,967 | 0.6 | |||||||||||
HEALTH CARE EQUIPMENT & SERVICES | 26,974,789 | 0.4 | |||||||||||
HOUSEHOLD & PERSONAL PRODUCTS | 31,097,151 | 0.5 | |||||||||||
INSURANCE | 112,376,014 | 1.8 | |||||||||||
MATERIALS | 109,087,303 | 1.7 | |||||||||||
MEDIA & ENTERTAINMENT | 57,337,474 | 0.8 | |||||||||||
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 111,372,759 | 1.7 | |||||||||||
REAL ESTATE | 129,618,655 | 2.0 | |||||||||||
RETAILING | 31,100,546 | 0.5 | |||||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | 31,169,616 | 0.5 | |||||||||||
SOFTWARE & SERVICES | 37,333,268 | 0.6 | |||||||||||
TECHNOLOGY HARDWARE & EQUIPMENT | 6,238,693 | 0.1 | |||||||||||
TELECOMMUNICATION SERVICES | 52,036,947 | 0.8 | |||||||||||
TRANSPORTATION | 64,069,548 | 1.0 | |||||||||||
UTILITIES | 571,673,213 | 9.1 | |||||||||||
TOTAL CORPORATE BONDS (Cost $2,626,867,114) | 2,645,949,286 | 42.2 | |||||||||||
GOVERNMENT BONDS | |||||||||||||
AGENCY SECURITIES | |||||||||||||
Federal Home Loan Mortgage Corp (FHLMC) | |||||||||||||
23,000,000 | 0.375%, 05/05/23 | 23,098,868 | 0.4 | ||||||||||
22,692,000 | 0.250%, 12/04/23 | 22,658,132 | 0.4 | ||||||||||
Other | 234,193,468 | 3.7 | |||||||||||
279,950,468 | 4.5 |
Principal | Issuer | Value | % of net assets | ||||||||||
FOREIGN GOVERNMENT BONDS | $ | 362,721,957 | 5.8 | % | |||||||||
MORTGAGE BACKED | |||||||||||||
Federal Home Loan Mortgage Corp (FHLMC) | |||||||||||||
$ | 30,462,944 | 4.000%, 06/01/48 | 33,427,703 | 0.5 | |||||||||
Federal National Mortgage Association (FNMA) | |||||||||||||
67,000,000 | h | 2.000%, 04/25/36 | 68,760,258 | 1.1 | |||||||||
40,900,000 | h | 2.500%, 05/25/32 | 42,534,402 | 0.7 | |||||||||
19,797,206 | 3.500%, 02/01/48 | 20,934,750 | 0.3 | ||||||||||
18,825,976 | 3.500%, 03/01/48 | 19,965,840 | 0.3 | ||||||||||
33,966,462 | 3.500%, 04/01/48 | 36,009,921 | 0.6 | ||||||||||
123,145,000 | h | 3.000%, 04/25/51 | 128,268,024 | 2.0 | |||||||||
137,500,000 | h | 2.500%, 05/25/51 | 140,803,223 | 2.2 | |||||||||
20,908,694 | 3.000%, 07/01/50 | 22,245,384 | 0.4 | ||||||||||
37,190,000 | h | 2.000%, 04/25/51 | 37,120,269 | 0.6 | |||||||||
58,640,000 | h | 2.500%, 04/25/51 | 60,174,719 | 1.0 | |||||||||
99,600,000 | h | 2.000%, 05/25/51 | 99,230,391 | 1.6 | |||||||||
185,515,676 | 2.000%–5.841%, 04/24/26–02/25/51 | 188,387,150 | 3.0 | ||||||||||
Government National Mortgage Association (GNMA) | |||||||||||||
51,874,731 | 3.000%, 08/20/50 | 54,072,235 | 0.9 | ||||||||||
39,325,000 | h | 2.000%, 04/20/51 | 39,705,961 | 0.6 | |||||||||
133,150,000 | h | 2.500%, 04/20/51 | 137,383,755 | 2.2 | |||||||||
29,945,000 | h | 3.000%, 04/20/47 | 31,195,438 | 0.5 | |||||||||
43,400,000 | h | 2.000%, 05/20/51 | 43,749,235 | 0.7 | |||||||||
Other | 131,264,290 | 2.1 | |||||||||||
1,335,232,948 | 21.3 | ||||||||||||
MUNICIPAL BONDS | |||||||||||||
Chicago Metropolitan Water Reclamation District-Greater Chicago | |||||||||||||
16,465,000 | 5.720%, 12/01/38 | 21,902,028 | 0.4 | ||||||||||
Grant County Public Utility District No 2 | |||||||||||||
20,000,000 | 2.918%, 01/01/40 | 20,459,988 | 0.3 | ||||||||||
Other | 429,133,958 | 6.8 | |||||||||||
471,495,974 | 7.5 | ||||||||||||
U.S. TREASURY SECURITIES | |||||||||||||
United States Treasury Inflation Indexed Bonds | |||||||||||||
20,740,400 | k | 0.500%, 04/15/24 | 22,481,189 | 0.4 | |||||||||
United States Treasury Note | |||||||||||||
26,730,000 | 0.250%, 03/15/24 | 26,658,998 | 0.4 | ||||||||||
50,207,000 | 0.750%, 03/31/26 | 49,771,611 | 0.8 | ||||||||||
20,935,000 | 1.125%, 02/29/28 | 20,568,638 | 0.3 | ||||||||||
77,990,000 | e | 1.125%, 02/15/31 | 73,688,364 | 1.2 | |||||||||
21,508,000 | 1.875%, 02/15/41 | 20,025,964 | 0.3 | ||||||||||
53,510,000 | 1.375%, 08/15/50 | 41,754,522 | 0.7 | ||||||||||
52,567,000 | 1.625%, 11/15/50 | 43,803,095 | 0.7 | ||||||||||
Other | 78,827,468 | 1.2 | |||||||||||
377,579,849 | 6.0 | ||||||||||||
TOTAL GOVERNMENT BONDS (Cost $2,804,458,670) | 2,826,981,196 | 45.1 | |||||||||||
STRUCTURED ASSETS | |||||||||||||
ASSET BACKED | 248,029,111 | 4.0 | |||||||||||
OTHER MORTGAGE BACKED | 335,717,145 | 5.4 | |||||||||||
TOTAL STRUCTURED ASSETS (Cost $576,366,099) | 583,746,256 | 9.4 | |||||||||||
TOTAL BONDS (Cost $6,007,691,883) | 6,056,676,738 | 96.7 |
See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Annual Report | 39 |
Summary portfolio of investments | concluded |
Core Impact Bond Fund ■ March 31, 2021
Shares | Company | Value | % of net assets | |||||||||||
PREFERRED STOCKS | ||||||||||||||
BANKS | $ | 12,651,800 | 0.2 | % | ||||||||||
INSURANCE | 3,986,600 | 0.1 | ||||||||||||
REAL ESTATE | 27,540,850 | 0.4 | ||||||||||||
UTILITIES | 20,563,760 | 0.3 | ||||||||||||
TOTAL PREFERRED STOCKS (Cost $63,450,000) | 64,743,010 | 1.0 | ||||||||||||
Principal | Issuer | |||||||||||||
SHORT-TERM INVESTMENTS | ||||||||||||||
GOVERNMENT AGENCY DEBT | ||||||||||||||
Federal Farm Credit Bank (FFCB) | ||||||||||||||
$ | 25,664,000 | 0.070%, 12/01/21 | 25,655,303 | 0.4 | ||||||||||
Federal Home Loan Bank (FHLB) | ||||||||||||||
24,000,000 | 0.035%, 04/09/21 | 24,000,000 | 0.4 | |||||||||||
25,000,000 | 0.085%, 04/13/21 | 25,000,000 | 0.4 | |||||||||||
36,911,000 | 0.039%, 04/14/21 | 36,911,000 | 0.6 | |||||||||||
73,431,000 | 0.080%, 04/16/21 | 73,431,000 | 1.2 | |||||||||||
25,000,000 | 0.005%, 04/19/21 | 25,000,000 | 0.4 | |||||||||||
25,300,000 | 0.035%, 04/21/21 | 25,300,000 | 0.4 | |||||||||||
20,220,000 | 0.085%, 04/28/21 | 20,220,000 | 0.3 | |||||||||||
45,743,000 | 0.100%, 05/12/21 | 45,742,479 | 0.7 | |||||||||||
28,750,000 | 0.010%, 05/14/21 | 28,749,657 | 0.4 | |||||||||||
38,318,000 | 0.019%, 05/19/21 | 38,317,489 | 0.6 | |||||||||||
42,650,000 | 0.090%, 05/21/21 | 42,649,408 | 0.7 | |||||||||||
45,005,000 | 0.054%, 08/13/21 | 44,999,974 | 0.7 | |||||||||||
161,234,000 | 0.005%–0.100%, 04/07/21–09/15/21 | 161,226,501 | 2.6 | |||||||||||
Other | 20,155,870 | 0.4 | ||||||||||||
637,358,681 | 10.2 | |||||||||||||
TREASURY DEBT | ||||||||||||||
United States Cash Management Bill | ||||||||||||||
30,000,000 | 0.087%, 06/15/21 | 29,999,687 | 0.5 | |||||||||||
United States Treasury Bill | ||||||||||||||
35,000,000 | 0.010%, 04/06/21 | 34,999,964 | 0.6 | |||||||||||
39,030,000 | 0.032%, 04/08/21 | 39,029,962 | 0.6 | |||||||||||
25,000,000 | 0.082%, 04/20/21 | 24,999,769 | 0.4 | |||||||||||
38,975,000 | 0.098%, 04/29/21 | 38,974,697 | 0.6 | |||||||||||
75,850,000 | 0.042%, 05/27/21 | 75,848,526 | 1.2 | |||||||||||
Other | 38,474,260 | 0.6 | ||||||||||||
282,326,865 | 4.5 |
Forward foreign currency contracts outstanding as of March 31, 2021 were as follows:
Shares | Company | Value | % of net assets | ||||||||||
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES | |||||||||||||
47,966,951 | c | State Street Navigator Securities Lending | |||||||||||
Government Money Market Portfolio | |||||||||||||
0.030% | $ | 47,966,951 | 0.8 | % | |||||||||
47,966,951 | 0.8 | ||||||||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $967,614,289) | 967,652,497 | 15.5 | |||||||||||
TOTAL PORTFOLIO (Cost $7,046,424,368) | 7,096,780,815 | 113.3 | |||||||||||
OTHER ASSETS & LIABILITIES, NET | (831,171,229 | ) | (13.3 | ) | |||||||||
NET ASSETS | $ | 6,265,609,586 | 100.0 | % |
c | Investments made with cash collateral received from securities on loan. |
e | All or a portion of these securities are out on loan. The aggregate value of securities on loan is $46,876,535. See Note 4 in the Notes to financial statements for additional information about securities lending collateral. |
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 3/31/21, the aggregate value of these securities, including those in “Other,” is $1,521,650,146 or 24.3% of net assets. |
h | All or a portion of these securities were purchased on a delayed delivery basis. |
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.
Currency to be purchased | Receive | Currency to be sold | Deliver | Counterparty | Settlement date | Unrealized appreciation (depreciation | ) | ||||||
$ | 9,566,828 | EUR | 7,850,981 | AUSTRALIA AND NEW ZEALAND | |||||||||
BANKING GROUP LIMITED | 04/22/21 | $355,782 | |||||||||||
$ | 3,003,773 | EUR | 2,471,223 | BANK OF AMERICA, N.A. | 05/28/21 | 102,144 | |||||||
$ | 13,030,451 | CLP | 9,350,000,000 | CITIBANK N.A. | 05/19/21 | 48,108 | |||||||
Total | $506,034 |
Abbreviation(s):
CLP | Chilean Peso |
EUR | Euro |
40 | 2021 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements |
Summary portfolio of investments
Core Plus Bond Fund ■ March 31, 2021
Principal | Issuer | Value | % of net assets | ||||||||||
BANK LOAN OBLIGATIONS | |||||||||||||
AUTOMOBILES & COMPONENTS | $ | 2,760,790 | 0.1 | % | |||||||||
BANKS | 1,490,462 | 0.0 | |||||||||||
CAPITAL GOODS | 5,129,634 | 0.1 | |||||||||||
COMMERCIAL & PROFESSIONAL SERVICES | 23,421,140 | 0.4 | |||||||||||
CONSUMER DURABLES & APPAREL | 2,495,128 | 0.0 | |||||||||||
CONSUMER SERVICES | 16,043,183 | 0.3 | |||||||||||
DIVERSIFIED FINANCIALS | 735,830 | 0.0 | |||||||||||
ENERGY | 1,478,889 | 0.0 | |||||||||||
FOOD, BEVERAGE & TOBACCO | 6,408,200 | 0.1 | |||||||||||
HEALTH CARE EQUIPMENT & SERVICES | 17,302,527 | 0.3 | |||||||||||
HOUSEHOLD & PERSONAL PRODUCTS | 3,147,816 | 0.1 | |||||||||||
INSURANCE | 5,471,665 | 0.1 | |||||||||||
MATERIALS | 11,918,135 | 0.2 | |||||||||||
MEDIA & ENTERTAINMENT | 29,370,660 | 0.5 | |||||||||||
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 9,422,681 | 0.2 | |||||||||||
REAL ESTATE | 1,219,405 | 0.0 | |||||||||||
RETAILING | 7,309,315 | 0.1 | |||||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | 670,940 | 0.0 | |||||||||||
SOFTWARE & SERVICES | 8,685,067 | 0.2 | |||||||||||
TECHNOLOGY HARDWARE & EQUIPMENT | 3,809,452 | 0.1 | |||||||||||
TELECOMMUNICATION SERVICES | 4,577,491 | 0.1 | |||||||||||
TRANSPORTATION | 4,432,010 | 0.1 | |||||||||||
UTILITIES | 8,483,738 | 0.2 | |||||||||||
TOTAL BANK LOAN OBLIGATIONS (Cost $176,151,271) | 175,784,158 | 3.2 | |||||||||||
BONDS | |||||||||||||
CORPORATE BONDS | |||||||||||||
AUTOMOBILES & COMPONENTS | 44,877,882 | 0.8 | |||||||||||
BANKS | |||||||||||||
Bank of America Corp | |||||||||||||
$ | 66,690,000 | 1.922%–6.300%, 10/22/25–09/17/69 | 68,857,728 | 1.3 | |||||||||
Citigroup, Inc | |||||||||||||
55,480,000 | 2.572%–6.300%, 03/26/25–N/A‡ | 59,040,141 | 1.1 | ||||||||||
JPMorgan Chase & Co | |||||||||||||
13,880,000 | 3.702%, 05/06/30 | 15,128,614 | 0.3 | ||||||||||
Other | 274,331,589 | 4.8 | |||||||||||
417,358,072 | 7.5 | ||||||||||||
CAPITAL GOODS | 74,907,944 | 1.2 | |||||||||||
COMMERCIAL & PROFESSIONAL SERVICES | 44,817,466 | 0.9 | |||||||||||
CONSUMER DURABLES & APPAREL | 12,973,585 | 0.2 | |||||||||||
CONSUMER SERVICES | 47,605,786 | 0.8 |
Principal | Issuer | Value | % of net assets | ||||||||||
DIVERSIFIED FINANCIALS | $ | 241,233,996 | 4.4 | % | |||||||||
ENERGY | 235,077,550 | 4.2 | |||||||||||
FOOD & STAPLES RETAILING | 26,869,271 | 0.5 | |||||||||||
FOOD, BEVERAGE & TOBACCO | 85,377,358 | 1.6 | |||||||||||
HEALTH CARE EQUIPMENT & SERVICES | 114,608,366 | 2.0 | |||||||||||
INSURANCE | 60,252,607 | 1.1 | |||||||||||
MATERIALS | 131,423,223 | 2.3 | |||||||||||
MEDIA & ENTERTAINMENT | 145,940,921 | 2.7 | |||||||||||
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 69,173,369 | 1.2 | |||||||||||
REAL ESTATE | 97,661,804 | 1.7 | |||||||||||
RETAILING | 36,239,458 | 0.7 | |||||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | 16,115,011 | 0.3 | |||||||||||
SOFTWARE & SERVICES | 39,530,345 | 0.7 | |||||||||||
TECHNOLOGY HARDWARE & EQUIPMENT | 34,322,473 | 0.6 | |||||||||||
TELECOMMUNICATION SERVICES | 129,097,075 | 2.3 | |||||||||||
TRANSPORTATION | 39,341,635 | 0.8 | |||||||||||
UTILITIES | 186,667,228 | 3.4 | |||||||||||
TOTAL CORPORATE BONDS (Cost $2,266,608,950) | 2,331,472,425 | 41.9 | |||||||||||
GOVERNMENT BONDS | |||||||||||||
AGENCY SECURITIES | 2,714,775 | 0.1 | |||||||||||
FOREIGN GOVERNMENT BONDS | 206,049,848 | 3.7 | |||||||||||
MORTGAGE BACKED | |||||||||||||
Federal Home Loan Mortgage Corp (FHLMC) | |||||||||||||
$ | 62,304,223 | 3.000%, 11/01/49 | 65,865,503 | 1.2 | |||||||||
Federal Home Loan Mortgage Corp Gold (FGLMC) | |||||||||||||
15,750,596 | 3.500%, 08/01/46 | 17,037,160 | 0.3 | ||||||||||
15,823,947 | 3.000%, 02/01/47 | 16,737,742 | 0.3 | ||||||||||
26,130,363 | 3.500%, 03/01/48 | 28,194,444 | 0.5 | ||||||||||
15,393,848 | 4.500%, 08/01/48 | 17,145,595 | 0.3 | ||||||||||
Federal National Mortgage Association (FNMA) | |||||||||||||
56,000,000 | h | 2.000%, 04/25/36 | 57,471,261 | 1.0 | |||||||||
15,000,000 | h | 2.500%, 05/25/32 | 15,599,414 | 0.3 | |||||||||
21,859,157 | 3.000%, 11/01/46 | 23,093,863 | 0.4 | ||||||||||
22,536,653 | 3.500%, 01/01/47 | 23,987,374 | 0.4 | ||||||||||
22,700,672 | 4.000%, 09/01/47 | 24,489,037 | 0.4 | ||||||||||
15,924,962 | 3.500%, 01/01/48 | 17,175,695 | 0.3 | ||||||||||
15,879,273 | 3.000%, 02/25/48 | 16,779,858 | 0.3 | ||||||||||
145,500,000 | h | 2.500%, 05/25/51 | 148,995,411 | 2.7 | |||||||||
39,345,000 | h | 2.000%, 04/25/51 | 39,271,229 | 0.7 | |||||||||
64,150,000 | h | 2.500%, 04/25/51 | 65,828,926 | 1.2 | |||||||||
100,500,000 | h | 2.000%, 05/25/51 | 100,127,052 | 1.8 | |||||||||
203,326,134 | 2.000%–9.000%, 07/01/22–02/25/51 | 210,069,884 | 3.7 | ||||||||||
Government National Mortgage Association (GNMA) | |||||||||||||
31,701,225 | 3.000%, 08/20/50 | 33,044,144 | 0.6 | ||||||||||
33,650,000 | h | 2.000%, 04/20/51 | 33,975,985 | 0.6 | |||||||||
117,000,000 | h | 2.500%, 04/20/51 | 120,720,235 | 2.2 | |||||||||
20,540,000 | h | 3.000%, 04/20/47 | 21,397,705 | 0.4 | |||||||||
37,100,000 | h | 2.000%, 05/20/51 | 37,398,539 | 0.7 |
See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Annual Report | 41 |
Summary portfolio of investments | continued |
Core Plus Bond Fund ■ March 31, 2021
Principal | Issuer | Value | % of net assets | |||||||||||
MORTGAGE BACKED—continued | ||||||||||||||
Other | $ | 89,302,026 | 1.7 | % | ||||||||||
1,223,708,082 | 22.0 | |||||||||||||
MUNICIPAL BONDS | 139,028,856 | 2.5 | ||||||||||||
U.S. TREASURY SECURITIES | ||||||||||||||
United States Treasury Note | ||||||||||||||
$ | 29,715,000 | 0.125%, 01/31/23 | 29,701,071 | 0.5 | ||||||||||
14,795,000 | 0.125%, 02/28/23 | 14,785,753 | 0.3 | |||||||||||
139,725,000 | 0.250%, 03/15/24 | 139,353,855 | 2.5 | |||||||||||
41,245,000 | 0.750%, 03/31/26 | 40,887,328 | 0.7 | |||||||||||
98,174,000 | 1.250%, 05/15/50 | 74,086,856 | 1.3 | |||||||||||
26,875,000 | 1.875%, 02/15/51 | 23,851,562 | 0.4 | |||||||||||
Other | 46,058,462 | 0.9 | ||||||||||||
368,724,887 | 6.6 | |||||||||||||
TOTAL GOVERNMENT BONDS (Cost $1,941,012,059) | 1,940,226,448 | 34.9 | ||||||||||||
STRUCTURED ASSETS | ||||||||||||||
ASSET BACKED | 447,725,776 | 8.0 | ||||||||||||
OTHER MORTGAGE BACKED | ||||||||||||||
COMM Mortgage Trust | ||||||||||||||
Series - 2012 CR2 (Class A3) | ||||||||||||||
20,000,000 | g | 2.841%, 08/15/45 | 20,338,066 | 0.4 | ||||||||||
41,088,000 | g | 3.000%–5.306%, 03/10/46–10/10/48 | 42,001,334 | 0.8 | ||||||||||
Other | 401,167,448 | 7.1 | ||||||||||||
463,506,848 | 8.3 | |||||||||||||
TOTAL STRUCTURED ASSETS (Cost $901,264,304) | 911,232,624 | 16.3 | ||||||||||||
TOTAL BONDS (Cost $5,108,885,313) | 5,182,931,497 | 93.1 | ||||||||||||
Shares | Company | |||||||||||||
COMMON STOCKS | ||||||||||||||
ENERGY | 15 | 0.0 | ||||||||||||
MATERIALS | 575,573 | 0.0 | ||||||||||||
MEDIA & ENTERTAINMENT | 1,181,712 | 0.0 | ||||||||||||
REAL ESTATE | 7,913 | 0.0 | ||||||||||||
TOTAL COMMON STOCKS (Cost $1,848,627) | 1,765,213 | 0.0 | ||||||||||||
PREFERRED STOCKS | ||||||||||||||
BANKS | 14,191,520 | 0.2 | ||||||||||||
DIVERSIFIED FINANCIALS | 4,061,612 | 0.1 | ||||||||||||
TOTAL PREFERRED STOCKS (Cost $17,314,409) | 18,253,132 | 0.3 |
Principal | Issuer | Value | % of net assets | |||||||||||
SHORT-TERM INVESTMENTS | ||||||||||||||
GOVERNMENT AGENCY DEBT | ||||||||||||||
Federal Farm Credit Bank (FFCB) | ||||||||||||||
$ | 25,000,000 | 0.040%, 04/13/21 | $ | 25,000,000 | 0.5 | % | ||||||||
15,000,000 | 0.080%, 12/28/21 | 14,994,354 | 0.3 | |||||||||||
Federal Home Loan Bank (FHLB) | ||||||||||||||
24,980,000 | 0.037%, 04/13/21 | 24,980,000 | 0.4 | |||||||||||
118,871,000 | 0.085%, 04/14/21 | 118,871,000 | 2.1 | |||||||||||
44,928,000 | 0.028%, 04/16/21 | 44,928,000 | 0.8 | |||||||||||
25,000,000 | 0.005%, 04/19/21 | 25,000,000 | 0.5 | |||||||||||
34,200,000 | 0.080%, 04/21/21 | 34,200,000 | 0.6 | |||||||||||
25,000,000 | 0.030%, 04/23/21 | 25,000,000 | 0.4 | |||||||||||
20,000,000 | 0.014%, 05/12/21 | 19,999,772 | 0.4 | |||||||||||
24,920,000 | 0.035%, 05/28/21 | 24,919,606 | 0.4 | |||||||||||
37,370,000 | 0.025%, 06/16/21 | 37,368,422 | 0.7 | |||||||||||
15,000,000 | 0.086%, 06/30/21 | 14,999,250 | 0.3 | |||||||||||
20,000,000 | 0.050%, 08/06/21 | 19,997,884 | 0.4 | |||||||||||
25,000,000 | 0.054%, 08/13/21 | 24,997,208 | 0.4 | |||||||||||
33,600,000 | 0.058%, 08/18/21 | 33,596,108 | 0.6 | |||||||||||
20,000,000 | 0.058%, 09/08/21 | 19,996,444 | 0.4 | |||||||||||
Other | 76,408,743 | 1.4 | ||||||||||||
585,256,791 | 10.6 | |||||||||||||
TREASURY DEBT | ||||||||||||||
United States Cash Management Bill | ||||||||||||||
25,000,000 | 0.023%, 07/06/21 | 24,999,133 | 0.4 | |||||||||||
United States Treasury Bill | ||||||||||||||
69,115,000 | 0.031%, 04/08/21 | 69,114,933 | 1.2 | |||||||||||
36,185,000 | 0.095%, 04/29/21 | 36,184,718 | 0.7 | |||||||||||
25,000,000 | 0.030%, 05/20/21 | 24,999,490 | 0.5 | |||||||||||
39,173,000 | 0.042%, 05/27/21 | 39,172,238 | 0.7 | |||||||||||
Other | 16,780,670 | 0.3 | ||||||||||||
211,251,182 | 3.8 | |||||||||||||
Shares | Company | |||||||||||||
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES | ||||||||||||||
8,330,743 | c | State Street Navigator Securities Lending Government Money Market Portfolio | ||||||||||||
0.030% | 8,330,743 | 0.1 | ||||||||||||
8,330,743 | 0.1 | |||||||||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $804,819,028) | 804,838,716 | 14.5 | ||||||||||||
TOTAL PORTFOLIO (Cost $6,109,018,648) | 6,183,572,716 | 111.1 | ||||||||||||
OTHER ASSETS & LIABILITIES, NET | (618,748,679 | ) | (11.1 | ) | ||||||||||
NET ASSETS | $ | 5,564,824,037 | 100.0 | % |
42 | 2021 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements |
Summary portfolio of investments | concluded |
Core Plus Bond Fund ■ March 31, 2021
‡ | Perpetual security |
c | Investments made with cash collateral received from securities on loan. |
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 3/31/21, the aggregate value of these securities, including those in “Other,” is $1,607,242,614 or 28.9% of net assets. |
h | All or a portion of these securities were purchased on a delayed delivery basis. |
At 3/31/21, the aggregate value of securities on loan is $8,114,934. See Note 4 in the Notes to financial statements for additional information about securities lending collateral.
“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, 2021 were as follows:
Currency to be purchased | Receive | Currency to be sold | Deliver | Counterparty | Settlement date | Unrealized appreciation (depreciation) | |||||||
$ | 1,901,294 | EUR | 1,560,290 | AUSTRALIA AND NEW ZEALAND | |||||||||
BANKING GROUP LIMITED | 04/22/21 | $70,707 |
Abbreviations(s):
EUR | Euro |
Centrally cleared credit default swap contracts outstanding as of March 31, 2021 were as follows:
PURCHASED | |||||||||||||||||||||
Reference entity | Terms of payments to be paid | Terms of payments to be received | Counterparty | Fixed rate payment frequency | Maturity date | Notional amount | * | Value | Premiums paid (received | ) | Variation margin | Unrealized appreciation (depreciation | ) | ||||||||
CDX-NAHYS36V1-5Y | 5.000% | Credit event as specified in contract | Citigroup Global Markets, Inc | Quarterly | 06/20/26 | 170,000,000 | $(15,398,071) | $(14,477,309) | $(754,217) | $(920,762) |
* | The maximum potential amount the Account 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 | Fixed rate payment frequency | Maturity date | Notional amount | * | Value | Premiums paid (received | ) | Variation margin | Unrealized appreciation (depreciation | ) | ||||||||
CDX-NAHYS36V1-5Y | Credit event as specified in contract | 5.000% | Citigroup Global Markets, Inc | Quarterly | 06/20/26 | $30,000,000 | $2,642,313 | $2,600,646 | $41,667 | $41,667 |
* | The maximum potential amount the Account 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 ■ 2021 Annual Report | 43 |
Summary portfolio of investments
5–15 Year Laddered Tax-Exempt Bond Fund ■ March 31, 2021
Principal | Issuer | Value | % of net assets | ||||||||||
LONG-TERM MUNICIPAL BONDS | |||||||||||||
ALABAMA | |||||||||||||
Lower Alabama Gas District | |||||||||||||
$ | 2,900,000 | 4.000%, 12/01/50 | $ | 3,304,116 | 1.2 | % | |||||||
Other | 3,262,232 | 1.1 | |||||||||||
6,566,348 | 2.3 | ||||||||||||
ALASKA | |||||||||||||
Borough of Matanuska-Susitna AK | |||||||||||||
2,570,000 | 5.000%, 09/01/25 | 2,985,839 | 1.1 | ||||||||||
Other | 596,205 | 0.2 | |||||||||||
3,582,044 | 1.3 | ||||||||||||
ARIZONA | |||||||||||||
Chandler Industrial Development Authority | |||||||||||||
2,000,000 | 5.000%, 06/01/49 | 2,270,680 | 0.8 | ||||||||||
Other | 227,476 | 0.1 | |||||||||||
2,498,156 | 0.9 | ||||||||||||
ARKANSAS | 1,266,551 | 0.5 | |||||||||||
CALIFORNIA | |||||||||||||
California Health Facilities Financing Authority | |||||||||||||
1,510,000 | 5.000%, 09/01/33 | 1,827,324 | 0.7 | ||||||||||
City of Los Angeles Department of Airports | |||||||||||||
2,000,000 | 5.000%, 05/15/27 | 2,404,095 | 0.9 | ||||||||||
Other | 6,894,397 | 2.6 | |||||||||||
11,125,816 | 4.2 | ||||||||||||
COLORADO | |||||||||||||
City & County of Denver CO Airport System Revenue | |||||||||||||
1,500,000 | 5.000%, 11/15/30 | 1,831,609 | 0.7 | ||||||||||
Other | 1,926,953 | 0.6 | |||||||||||
3,758,562 | 1.3 | ||||||||||||
CONNECTICUT | |||||||||||||
City of Bridgeport CT | |||||||||||||
1,900,000 | 5.000%, 06/01/34 | 2,391,655 | 0.9 | ||||||||||
University of Connecticut | |||||||||||||
2,000,000 | 5.000%, 03/15/28 | 2,398,731 | 0.9 | ||||||||||
Other | 7,514,484 | 2.7 | |||||||||||
12,304,870 | 4.5 | ||||||||||||
DISTRICT OF COLUMBIA | 1,161,936 | 0.4 | |||||||||||
FLORIDA | |||||||||||||
County of Miami-Dade FL Aviation Revenue | |||||||||||||
1,500,000 | 4.000%, 10/01/36 | 1,773,165 | 0.6 | ||||||||||
Escambia County Health Facilities Authority | |||||||||||||
3,000,000 | 5.000%, 08/15/32 | 3,776,840 | 1.3 | ||||||||||
Florida Development Finance Corp | |||||||||||||
2,000,000 | g | 7.375%, 01/01/49 | 1,965,627 | 0.7 | |||||||||
Miami-Dade County Expressway Authority | |||||||||||||
1,375,000 | 5.000%, 07/01/31 | 1,650,862 | 0.6 | ||||||||||
Port St. Lucie Community Redevelopment Agency | |||||||||||||
2,180,000 | 5.000%, 01/01/26 | 2,597,220 | 0.9 | ||||||||||
Other | 7,798,622 | 2.8 | |||||||||||
19,562,336 | 6.9 |
Principal | Issuer | Value | % of net assets | ||||||||||
GEORGIA | |||||||||||||
Brookhaven Development Authority | |||||||||||||
$ | 1,250,000 | 5.000%, 07/01/27 | $ | 1,569,021 | 0.6 | % | |||||||
Other | 7,489,957 | 2.6 | |||||||||||
9,058,978 | 3.2 | ||||||||||||
GUAM | 480,035 | 0.2 | |||||||||||
HAWAII | |||||||||||||
City & County of Honolulu HI | |||||||||||||
1,275,000 | 5.000%, 09/01/27 | 1,608,700 | 0.6 | ||||||||||
Other | 2,387,722 | 0.8 | |||||||||||
3,996,422 | 1.4 | ||||||||||||
ILLINOIS | |||||||||||||
Chicago Board of Education | |||||||||||||
1,500,000 | 5.000%, 12/01/26 | 1,765,032 | 0.6 | ||||||||||
Chicago Midway International Airport | |||||||||||||
2,000,000 | 5.000%, 01/01/26 | 2,369,475 | 0.8 | ||||||||||
City of Chicago IL | |||||||||||||
3,250,000 | 5.000%, 01/01/28 | 3,901,090 | 1.4 | ||||||||||
City of Chicago IL, GO | |||||||||||||
1,500,000 | 5.500%, 01/01/35 | 1,679,500 | 0.6 | ||||||||||
County of Cook IL | |||||||||||||
1,750,000 | 5.000%, 11/15/31 | 2,132,114 | 0.8 | ||||||||||
Metropolitan Water Reclamation District of | |||||||||||||
Greater Chicago | |||||||||||||
2,000,000 | 5.000%, 12/01/30 | 2,460,519 | 0.9 | ||||||||||
Sales Tax Securitization Corp | |||||||||||||
1,500,000 | 5.000%, 01/01/30 | 1,822,226 | 0.7 | ||||||||||
State of Illinois | |||||||||||||
2,000,000 | 5.000%, 06/01/28 | 2,322,586 | 0.8 | ||||||||||
1,500,000 | 5.000%, 03/01/37 | 1,822,797 | 0.7 | ||||||||||
Other | 16,675,150 | 5.8 | |||||||||||
36,950,489 | 13.1 | ||||||||||||
INDIANA | |||||||||||||
City of Whiting IN | |||||||||||||
1,365,000 | 5.000%, 12/01/44 | 1,656,900 | 0.6 | ||||||||||
1,656,900 | 0.6 | ||||||||||||
IOWA | 595,402 | 0.2 | |||||||||||
KENTUCKY | |||||||||||||
Kentucky Turnpike Authority | |||||||||||||
2,000,000 | 5.000%, 07/01/26 | 2,423,993 | 0.9 | ||||||||||
Other | 3,028,843 | 1.0 | |||||||||||
5,452,836 | 1.9 | ||||||||||||
LOUISIANA | 4,880,099 | 1.7 | |||||||||||
MAINE | 412,500 | 0.2 | |||||||||||
MARYLAND | |||||||||||||
County of Baltimore MD | |||||||||||||
2,000,000 | 4.000%, 01/01/29 | 2,285,133 | 0.8 | ||||||||||
2,285,133 | 0.8 |
44 | 2021 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, 2021
Principal | Issuer | Value | % of net assets | ||||||||||
MASSACHUSETTS | |||||||||||||
University of Massachusetts Building Authority | |||||||||||||
$ | 2,100,000 | 5.000%, 11/01/29 | $ | 2,778,073 | 1.0 | % | |||||||
Other | 604,759 | 0.2 | |||||||||||
3,382,832 | 1.2 | ||||||||||||
MICHIGAN | |||||||||||||
Michigan Finance Authority | |||||||||||||
2,000,000 | 5.000%, 04/01/25 | 2,310,673 | 0.8 | ||||||||||
2,000,000 | 5.000%, 11/15/28 | 2,446,507 | 0.9 | ||||||||||
1,650,000 | 5.000%, 07/01/44 | 1,749,861 | 0.6 | ||||||||||
State of Michigan Trunk Line Revenue | |||||||||||||
1,750,000 | 5.000%, 11/15/30 | 2,352,407 | 0.8 | ||||||||||
Wayne County Airport Authority | |||||||||||||
1,250,000 | 5.000%, 12/01/29 | 1,555,933 | 0.6 | ||||||||||
Other | 1,096,485 | 0.4 | |||||||||||
11,511,866 | 4.1 | ||||||||||||
MINNESOTA | 2,581,351 | 0.9 | |||||||||||
MISSISSIPPI | 5,130,580 | 1.8 | |||||||||||
MISSOURI | |||||||||||||
St. Louis Municipal Finance Corp | |||||||||||||
1,745,000 | 5.000%, 02/15/26 | 2,092,719 | 0.7 | ||||||||||
Other | 4,989,478 | 1.7 | |||||||||||
7,082,197 | 2.4 | ||||||||||||
NEBRASKA | 269,621 | 0.1 | |||||||||||
NEVADA | 1,180,379 | 0.4 | |||||||||||
NEW JERSEY | |||||||||||||
New Jersey Economic Development Authority | |||||||||||||
2,500,000 | 5.000%, 11/01/35 | 3,060,606 | 1.1 | ||||||||||
New Jersey Transportation Trust Fund Authority | |||||||||||||
4,000,000 | 5.000%, 06/15/34 | 4,884,538 | 1.7 | ||||||||||
Other | 6,696,501 | 2.3 | |||||||||||
14,641,645 | 5.1 | ||||||||||||
NEW YORK | |||||||||||||
New York State Dormitory Authority | |||||||||||||
1,750,000 | 5.000%, 07/01/33 | 2,112,838 | 0.8 | ||||||||||
Port Authority of New York & New Jersey | |||||||||||||
1,500,000 | 5.000%, 07/15/31 | 1,931,957 | 0.7 | ||||||||||
1,625,000 | 4.000%, 07/15/36 | 1,901,843 | 0.7 | ||||||||||
Other | 13,849,723 | 4.9 | |||||||||||
19,796,361 | 7.1 | ||||||||||||
NORTH CAROLINA | |||||||||||||
County of Duplin NC | |||||||||||||
1,355,000 | 5.000%, 04/01/27 | 1,618,471 | 0.6 | ||||||||||
Other | 4,452,460 | 1.6 | |||||||||||
6,070,931 | 2.2 | ||||||||||||
NORTH DAKOTA | 1,055,877 | 0.4 | |||||||||||
OHIO | |||||||||||||
County of Miami OH | |||||||||||||
1,500,000 | 5.000%, 08/01/32 | 1,869,846 | 0.7 | ||||||||||
Other | 6,225,762 | 2.1 | |||||||||||
8,095,608 | 2.8 |
Principal | Issuer | Value | % of net assets | ||||||||||
OKLAHOMA | |||||||||||||
Oklahoma Development Finance Authority | |||||||||||||
$ | 1,500,000 | 5.250%, 08/15/48 | $ | 1,794,295 | 0.6 | % | |||||||
Other | 924,847 | 0.3 | |||||||||||
2,719,142 | 0.9 | ||||||||||||
OREGON | 2,734,399 | 1.0 | |||||||||||
PENNSYLVANIA | |||||||||||||
School District of the City of Erie | |||||||||||||
1,500,000 | 5.000%, 04/01/28 | 1,877,919 | 0.7 | ||||||||||
Other | 8,024,008 | 2.9 | |||||||||||
9,901,927 | 3.6 | ||||||||||||
RHODE ISLAND | 1,015,883 | 0.4 | |||||||||||
SOUTH CAROLINA | 2,507,351 | 0.9 | |||||||||||
TENNESSEE | |||||||||||||
Metropolitan Nashville Airport Authority | |||||||||||||
2,305,000 | 5.000%, 07/01/35 | 2,889,010 | 1.0 | ||||||||||
Other | 856,558 | 0.3 | |||||||||||
3,745,568 | 1.3 | ||||||||||||
TEXAS | |||||||||||||
City of El Paso TX Airport Revenue | |||||||||||||
2,000,000 | 5.000%, 08/15/28 | 2,497,708 | 0.9 | ||||||||||
City of Houston TX | |||||||||||||
1,970,000 | 5.000%, 03/01/32 | 2,404,817 | 0.9 | ||||||||||
City of Houston TX Combined Utility System Revenue | |||||||||||||
4,000,000 | 5.000%, 11/15/29 | 5,291,304 | 1.9 | ||||||||||
Texas Private Activity Bond Surface Transportation Corp | |||||||||||||
2,500,000 | 5.000%, 12/31/35 | 3,114,835 | 1.1 | ||||||||||
Other | 15,353,780 | 5.6 | |||||||||||
28,662,444 | 10.4 | ||||||||||||
UTAH | 3,042,860 | 1.0 | |||||||||||
VIRGIN ISLANDS | |||||||||||||
Virgin Islands Public Finance Authority | |||||||||||||
2,000,000 | g | 5.000%, 09/01/25 | 2,282,945 | 0.8 | |||||||||
2,500,000 | g | 5.000%, 09/01/33 | 2,766,883 | 1.0 | |||||||||
5,049,828 | 1.8 | ||||||||||||
WASHINGTON | 1,787,987 | 0.6 | |||||||||||
WEST VIRGINIA | 3,721,393 | 1.3 | |||||||||||
TOTAL LONG-TERM MUNICIPAL BONDS (Cost $260,300,066) | 273,283,443 | 97.3 | |||||||||||
TOTAL PORTFOLIO (Cost $260,300,066) | 273,283,443 | 97.3 | |||||||||||
OTHER ASSETS & LIABILITIES, NET | 7,499,945 | 2.7 | |||||||||||
NET ASSETS | $ | 280,783,388 | 100.0 | % |
See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Annual Report | 45 |
Summary portfolio of investments | concluded |
5–15 Year Laddered Tax-Exempt Bond Fund ■ March 31, 2021
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 3/31/21, the aggregate value of these securities, including those in “Other,” is $9,700,571 or 3.5% 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.
46 | 2021 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements |
Summary portfolio of investments
Green Bond Fund ■ March 31, 2021
Principal | Issuer | Value | % of net assets | ||||||||||
BANK LOAN OBLIGATIONS | |||||||||||||
UTILITIES | |||||||||||||
Exgen Renewables IV LLC | |||||||||||||
$ | 498,750 | i | 3.750%, 12/15/27, LIBOR 3 M + 2.750% | $ | 498,960 | 1.0 | % | ||||||
498,960 | 1.0 | ||||||||||||
TOTAL BANK LOAN OBLIGATIONS (Cost $496,338) | 498,960 | 1.0 | |||||||||||
BONDS | |||||||||||||
CORPORATE BONDS | |||||||||||||
AUTOMOBILES & COMPONENTS | |||||||||||||
Hyundai Capital Services, Inc | |||||||||||||
350,000 | g | 1.250%, 02/08/26 | 341,329 | 0.7 | |||||||||
341,329 | 0.7 | ||||||||||||
BANKS | |||||||||||||
Bank of America Corp | |||||||||||||
475,000 | 2.456%, 10/22/25 | 497,890 | 1.0 | ||||||||||
Citigroup, Inc | |||||||||||||
500,000 | 1.678%, 05/15/24 | 510,185 | 1.0 | ||||||||||
ING Groep NV | |||||||||||||
450,000 | g | 1.400%, 07/01/26 | 447,678 | 0.9 | |||||||||
Other | 1,664,662 | 3.2 | |||||||||||
3,120,415 | 6.1 | ||||||||||||
CAPITAL GOODS | 606,277 | 1.2 | |||||||||||
CONSUMER SERVICES | |||||||||||||
Nature Conservancy | |||||||||||||
500,000 | 1.511%, 07/01/29 | 472,928 | 1.0 | ||||||||||
Other | 520,151 | 1.0 | |||||||||||
993,079 | 2.0 | ||||||||||||
DIVERSIFIED FINANCIALS | 130,625 | 0.3 | |||||||||||
FOOD & STAPLES RETAILING | 248,234 | 0.5 | |||||||||||
FOOD, BEVERAGE & TOBACCO | 516,904 | 1.0 | |||||||||||
HEALTH CARE EQUIPMENT & SERVICES | |||||||||||||
Kaiser Foundation Hospitals | |||||||||||||
650,000 | 3.150%, 05/01/27 | 709,210 | 1.4 | ||||||||||
709,210 | 1.4 | ||||||||||||
MATERIALS | |||||||||||||
Inversiones CMPC S.A. | |||||||||||||
525,000 | g | 4.375%, 04/04/27 | 577,348 | 1.1 | |||||||||
LG Chem Ltd | |||||||||||||
500,000 | g | 3.625%, 04/15/29 | 541,212 | 1.1 | |||||||||
Other | 278,811 | 0.6 | |||||||||||
1,397,371 | 2.8 | ||||||||||||
MEDIA & ENTERTAINMENT | |||||||||||||
Liberty Utilities Finance GP | |||||||||||||
500,000 | g | 2.050%, 09/15/30 | 468,463 | 0.9 | |||||||||
Other | 503,802 | 1.0 | |||||||||||
972,265 | 1.9 |
Principal | Issuer | Value | % of net assets | ||||||||||
REAL ESTATE | |||||||||||||
HAT Holdings I LLC | |||||||||||||
$ | 775,000 | 3.750%–6.000%, 07/15/24–09/15/30 | $ | 788,313 | 1.5 | % | |||||||
Other | 1,001,894 | 2.0 | |||||||||||
1,790,207 | 3.5 | ||||||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | 524,027 | 1.0 | |||||||||||
SOFTWARE & SERVICES | 294,879 | 0.6 | |||||||||||
TECHNOLOGY HARDWARE & EQUIPMENT | |||||||||||||
Apple, Inc | |||||||||||||
500,000 | 3.000%, 06/20/27 | 542,495 | 1.1 | ||||||||||
542,495 | 1.1 | ||||||||||||
UTILITIES | |||||||||||||
AES Corp | |||||||||||||
350,000 | g | 2.450%, 01/15/31 | 334,629 | 0.7 | |||||||||
Avangrid, Inc | |||||||||||||
600,000 | 3.200%, 04/15/25 | 642,389 | 1.3 | ||||||||||
Azure Power Energy Ltd | |||||||||||||
500,000 | g | 5.500%, 11/03/22 | 510,002 | 1.0 | |||||||||
Clearway Energy Operating LLC | |||||||||||||
300,000 | g | 4.750%, 03/15/28 | 312,117 | 0.6 | |||||||||
Duke Energy Florida LLC | |||||||||||||
500,000 | 2.500%, 12/01/29 | 509,892 | 1.0 | ||||||||||
Georgia Power Co | |||||||||||||
500,000 | 3.250%, 04/01/26 | 540,402 | 1.1 | ||||||||||
MidAmerican Energy Co | |||||||||||||
600,000 | 3.650%, 08/01/48 | 634,494 | 1.2 | ||||||||||
Niagara Mohawk Power Corp | |||||||||||||
550,000 | g | 1.960%, 06/27/30 | 525,653 | 1.0 | |||||||||
Public Service Co of Colorado | |||||||||||||
529,000 | 3.700%, 06/15/28 | 585,148 | 1.2 | ||||||||||
Southwestern Public Service Co | |||||||||||||
500,000 | 3.150%, 05/01/50 | 486,792 | 1.0 | ||||||||||
Topaz Solar Farms LLC | |||||||||||||
357,710 | g | 4.875%, 09/30/39 | 388,706 | 0.8 | |||||||||
Westar Energy, Inc | |||||||||||||
750,000 | 2.550%, 07/01/26 | 785,843 | 1.5 | ||||||||||
Other | 4,323,750 | 8.4 | |||||||||||
10,579,817 | 20.8 | ||||||||||||
TOTAL CORPORATE BONDS (Cost $22,371,567) | 22,767,134 | 44.9 | |||||||||||
GOVERNMENT BONDS | |||||||||||||
AGENCY SECURITIES | |||||||||||||
United States International Development Finance Corp | |||||||||||||
500,000 | 1.610%, 07/15/38 | 482,535 | 0.9 | ||||||||||
Other | 1,013,110 | 2.0 | |||||||||||
1,495,645 | 2.9 | ||||||||||||
FOREIGN GOVERNMENT BONDS | |||||||||||||
African Development Bank | |||||||||||||
625,000 | 3.000%, 12/06/21 | 636,941 | 1.3 |
See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Annual Report | 47 |
Summary portfolio of investments | continued |
Green Bond Fund ■ March 31, 2021
Principal | Issuer | Value | % of net assets | ||||||||||
FOREIGN GOVERNMENT BONDS—continued | |||||||||||||
Asian Development Bank | |||||||||||||
$ | 500,000 | 1.875%, 08/10/22 | $ | 511,353 | 1.0 | % | |||||||
579,000 | 1.750%, 08/14/26 | 598,871 | 1.2 | ||||||||||
750,000 | 3.125%, 09/26/28 | 831,078 | 1.6 | ||||||||||
European Investment Bank | |||||||||||||
1,500,000 | 0.750%, 09/23/30 | 1,361,676 | 2.7 | ||||||||||
International Bank for Reconstruction & Development | |||||||||||||
500,000 | 2.125%, 03/03/25 | 527,541 | 1.0 | ||||||||||
500,000 | 3.125%, 11/20/25 | 549,475 | 1.1 | ||||||||||
Perusahaan Penerbit SBSN Indonesia III | |||||||||||||
300,000 | g | 3.750%, 03/01/23 | 315,924 | 0.6 | |||||||||
Other | 1,967,887 | 3.9 | |||||||||||
7,300,746 | 14.4 | ||||||||||||
MUNICIPAL BONDS | |||||||||||||
Grant County Public Utility District No 2 | |||||||||||||
600,000 | 1.544%, 01/01/23 | 613,172 | 1.2 | ||||||||||
Metropolitan Transportation Authority | |||||||||||||
500,000 | 5.175%, 11/15/49 | 619,346 | 1.2 | ||||||||||
Mount Shasta Public Financing Authority | |||||||||||||
875,000 | 2.625%–3.000%, 08/01/35–08/01/39 | 919,485 | 1.8 | ||||||||||
Ohio Air Quality Development Authority | |||||||||||||
500,000 | g | 4.500%, 01/15/48 | 555,058 | 1.1 | |||||||||
State of California | |||||||||||||
500,000 | i | 0.899%, 04/01/47, LIBOR 1 M + 0.780% | 500,451 | 1.0 | |||||||||
Warm Springs Reservation Confederated Tribe | |||||||||||||
500,000 | g | 2.800%, 11/01/22 | 508,417 | 1.0 | |||||||||
Other | 1,661,073 | 3.3 | |||||||||||
5,377,002 | 10.6 | ||||||||||||
TOTAL GOVERNMENT BONDS (Cost $13,896,045) | 14,173,393 | 27.9 | |||||||||||
STRUCTURED ASSETS | |||||||||||||
ASSET BACKED | |||||||||||||
HERO Funding Trust | |||||||||||||
Series - 2016 3A (Class A2) | |||||||||||||
314,428 | g | 3.910%, 09/20/42 | 324,598 | 0.6 | |||||||||
Series - 2017 3A (Class A2) | |||||||||||||
391,291 | g | 3.950%, 09/20/48 | 415,054 | 0.8 | |||||||||
869,471 | g | 2.720%–4.460%, 09/20/41–09/20/57 | 901,858 | 1.8 | |||||||||
Mosaic Solar Loan Trust | |||||||||||||
688,568 | g | 1.440%–2.100%, 04/20/46–12/20/46 | 680,897 | 1.3 | |||||||||
Sunrun Atlas Issuer LLC | |||||||||||||
Series - 2019 2 (Class A) | |||||||||||||
484,198 | g | 3.610%, 02/01/55 | 511,051 | 1.0 | |||||||||
Sunrun Callisto Issuer LLC | |||||||||||||
Series - 2019 1A (Class A) | |||||||||||||
429,082 | g | 3.980%, 06/30/54 | 457,680 | 0.9 | |||||||||
Tesla Auto Lease Trust | |||||||||||||
1,291,071 | g | 0.560%–3.710%, 08/20/21–03/20/25 | 1,304,115 | 2.6 | |||||||||
Vivint Colar Financing V LLC | |||||||||||||
Series - 2018 1A (Class B) | |||||||||||||
585,240 | g | 7.370%, 04/30/48 | 623,071 | 1.2 | |||||||||
Other | 1,565,285 | 3.1 | |||||||||||
6,783,609 | 13.3 |
Principal | Issuer | Value | % of net assets | |||||||||||
OTHER MORTGAGE BACKED | ||||||||||||||
COMM Mortgage Trust | ||||||||||||||
Series - 2015 3BP (Class A) | ||||||||||||||
$ | 500,000 | g | 3.178%, 02/10/35 | $ | 530,755 | 1.0 | % | |||||||
CPT Mortgage Trust | ||||||||||||||
Series - 2019 CPT (Class A) | ||||||||||||||
500,000 | g | 2.865%, 11/13/39 | 517,656 | 1.0 | ||||||||||
Manhattan West | ||||||||||||||
Series - 2020 1MW (Class B) | ||||||||||||||
500,000 | g,i | 2.335%, 09/10/39 | 501,208 | 1.0 | ||||||||||
Natixis Commercial Mortgage Securities Trust | ||||||||||||||
Series - 2019 MILE (Class D) | ||||||||||||||
500,000 | g,i | 2.856%, 07/15/36, LIBOR 1 M + 2.750% | 499,999 | 1.0 | ||||||||||
One Bryant Park Trust | ||||||||||||||
Series - 2019 OBP (Class A) | ||||||||||||||
500,000 | g | 2.516%, 09/15/54 | 504,698 | 1.0 | ||||||||||
Other | 1,258,132 | 2.5 | ||||||||||||
3,812,448 | 7.5 | |||||||||||||
TOTAL STRUCTURED ASSETS (Cost $10,386,374) | 10,596,057 | 20.8 | ||||||||||||
TOTAL BONDS (Cost $46,653,986) | 47,536,584 | 93.6 | ||||||||||||
Shares | Company | |||||||||||||
PREFERRED STOCKS | ||||||||||||||
REAL ESTATE | 505,400 | 1.0 | ||||||||||||
UTILITIES | ||||||||||||||
20,000 | Brookfield Infrastructure Partners LP | 511,600 | 1.0 | |||||||||||
16,000 | Brookfield Renewable Partners LP | 417,120 | 0.8 | |||||||||||
928,720 | 1.8 | |||||||||||||
TOTAL PREFERRED STOCKS (Cost $1,400,000) | 1,434,120 | 2.8 | ||||||||||||
Principal | Issuer | |||||||||||||
SHORT-TERM INVESTMENTS | ||||||||||||||
GOVERNMENT AGENCY DEBT | ||||||||||||||
Federal Agricultural Mortgage Corp (FAMC) | ||||||||||||||
$ | 1,312,000 | 0.010%, 04/01/21 | 1,312,000 | 2.6 | ||||||||||
1,312,000 | 2.6 | |||||||||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $1,312,000) | 1,312,000 | 2.6 | ||||||||||||
TOTAL PORTFOLIO (Cost $49,862,324) | 50,781,664 | 100.0 | ||||||||||||
OTHER ASSETS & LIABILITIES, NET | 20,691 | 0.0 | ||||||||||||
NET ASSETS | $ | 50,802,355 | 100.0 | % |
48 | 2021 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements |
Summary portfolio of investments | concluded |
Green Bond Fund ■ March 31, 2021 |
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 3/31/21, the aggregate value of these securities, including those in “Other,” is $22,578,224 or 44.4% 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.
See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Annual Report | 49 |
Summary portfolio of investments
High-Yield Fund ■ March 31, 2021
% of net | |||||||||||||
Principal | Issuer | Value | assets | ||||||||||
BANK LOAN OBLIGATIONS | |||||||||||||
AUTOMOBILES & COMPONENTS | $ | 9,702,479 | 0.3 | % | |||||||||
CAPITAL GOODS | 34,104,793 | 0.9 | |||||||||||
COMMERCIAL & PROFESSIONAL SERVICES | |||||||||||||
West Corp | |||||||||||||
$ | 15,953,409 | i | 5.000%, 10/10/24, LIBOR 3 M + 4.000% | 15,425,989 | 0.4 | ||||||||
Other | 28,689,325 | 0.8 | |||||||||||
44,115,314 | 1.2 | ||||||||||||
CONSUMER SERVICES | 12,134,181 | 0.3 | |||||||||||
ENERGY | 4,260,145 | 0.1 | |||||||||||
FOOD, BEVERAGE & TOBACCO | 14,732,818 | 0.4 | |||||||||||
HEALTH CARE EQUIPMENT & SERVICES | |||||||||||||
RegionalCare Hospital Partners Holdings, Inc | |||||||||||||
16,138,407 | i | 3.850%, 11/16/25, LIBOR 1 M + 3.750% | 16,092,251 | 0.4 | |||||||||
Surgery Center Holdings, Inc | |||||||||||||
19,773,001 | i | 4.250%, 09/03/24, LIBOR 1 M + 3.250% | 19,559,848 | 0.5 | |||||||||
Other | 32,129,504 | 0.9 | |||||||||||
67,781,603 | 1.8 | ||||||||||||
HOUSEHOLD & PERSONAL PRODUCTS | 10,323,747 | 0.3 | |||||||||||
INSURANCE | 24,466,978 | 0.6 | |||||||||||
MEDIA & ENTERTAINMENT | 42,713,782 | 1.1 | |||||||||||
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 23,926,938 | 0.6 | |||||||||||
REAL ESTATE | 4,303,390 | 0.1 | |||||||||||
RETAILING | 9,451,580 | 0.3 | |||||||||||
SOFTWARE & SERVICES | 50,355,483 | 1.3 | |||||||||||
TELECOMMUNICATION SERVICES | 24,643,382 | 0.7 | |||||||||||
TOTAL BANK LOAN OBLIGATIONS (Cost $375,222,750) | 377,016,613 | 10.0 | |||||||||||
BONDS | |||||||||||||
CORPORATE BONDS | |||||||||||||
AUTOMOBILES & COMPONENTS | |||||||||||||
Adient Global Holdings Ltd | |||||||||||||
14,950,000 | g | 4.875%, 08/15/26 | 15,452,021 | 0.4 | |||||||||
Gates Global LLC | |||||||||||||
22,075,000 | g | 6.250%, 01/15/26 | 23,123,563 | 0.6 | |||||||||
Goodyear Tire & Rubber Co | |||||||||||||
15,000,000 | 9.500%, 05/31/25 | 16,827,000 | 0.4 | ||||||||||
IHO Verwaltungs GmbH | |||||||||||||
19,800,000 | g,o | 6.375%, 05/15/29 | 21,631,500 | 0.6 | |||||||||
Other | 94,570,492 | 2.5 | |||||||||||
171,604,576 | 4.5 | ||||||||||||
CAPITAL GOODS | |||||||||||||
H&E Equipment Services, Inc | |||||||||||||
18,519,000 | g | 3.875%, 12/15/28 | 18,009,727 | 0.5 | |||||||||
Other | 87,770,141 | 2.3 | |||||||||||
105,779,868 | 2.8 |
% of net | |||||||||||||
Principal | Issuer | Value | assets | ||||||||||
COMMERCIAL & PROFESSIONAL SERVICES | |||||||||||||
Prime Security Services Borrower LLC | |||||||||||||
$ | 25,075,000 | g | 5.750%, 04/15/26 | $ | 27,132,404 | 0.7 | % | ||||||
18,100,000 | g | 6.250%, 01/15/28 | 18,841,919 | 0.5 | |||||||||
Other | 126,758,504 | 3.3 | |||||||||||
172,732,827 | 4.5 | ||||||||||||
CONSUMER DURABLES & APPAREL | 52,877,182 | 1.4 | |||||||||||
CONSUMER SERVICES | |||||||||||||
Carnival Corp | |||||||||||||
23,825,000 | g | 5.750%, 03/01/27 | 24,450,406 | 0.6 | |||||||||
Life Time, Inc | |||||||||||||
16,300,000 | g | 5.750%, 01/15/26 | 16,769,440 | 0.4 | |||||||||
Live Nation Entertainment, Inc | |||||||||||||
16,425,000 | g | 6.500%, 05/15/27 | 18,231,750 | 0.5 | |||||||||
Other | 141,925,101 | 3.8 | |||||||||||
201,376,697 | 5.3 | ||||||||||||
DIVERSIFIED FINANCIALS | |||||||||||||
Ford Motor Credit Co LLC | |||||||||||||
25,400,000 | 4.063%, 11/01/24 | 26,645,870 | 0.7 | ||||||||||
Icahn Enterprises LP | |||||||||||||
15,375,000 | g | 4.375%, 02/01/29 | 15,024,604 | 0.4 | |||||||||
Quicken Loans, Inc | |||||||||||||
14,350,000 | g | 5.250%, 01/15/28 | 15,067,500 | 0.4 | |||||||||
Other | 140,576,790 | 3.7 | |||||||||||
197,314,764 | 5.2 | ||||||||||||
ENERGY | |||||||||||||
Ferrellgas Escrow LLC | |||||||||||||
20,285,000 | g | 5.375%, 04/01/26 | 20,149,091 | 0.5 | |||||||||
22,178,000 | g | 5.875%, 04/01/29 | 21,878,597 | 0.6 | |||||||||
Occidental Petroleum Corp | |||||||||||||
17,875,000 | 6.375%, 09/01/28 | 19,619,689 | 0.5 | ||||||||||
75,702,000 | 2.700%–8.875%, 08/15/22–09/15/36 | 84,648,361 | 2.1 | ||||||||||
Range Resources Corp | |||||||||||||
15,000,000 | 9.250%, 02/01/26 | 16,297,800 | 0.4 | ||||||||||
Southwestern Energy Co | |||||||||||||
14,250,000 | e | 7.500%, 04/01/26 | 15,076,785 | 0.4 | |||||||||
USA Compression Partners LP | |||||||||||||
18,000,000 | 6.875%, 04/01/26 | 18,461,250 | 0.5 | ||||||||||
Other | 441,368,530 | 11.7 | |||||||||||
637,500,103 | 16.7 | ||||||||||||
FOOD & STAPLES RETAILING | 24,077,768 | 0.6 | |||||||||||
FOOD, BEVERAGE & TOBACCO | 44,110,272 | 1.2 | |||||||||||
HEALTH CARE EQUIPMENT & SERVICES | |||||||||||||
DaVita, Inc | |||||||||||||
17,815,000 | g | 4.625%, 06/01/30 | 18,150,991 | 0.5 | |||||||||
Global Medical Response, Inc | |||||||||||||
15,000,000 | g | 6.500%, 10/01/25 | 15,525,000 | 0.4 | |||||||||
HCA, Inc | |||||||||||||
21,350,000 | 5.375%, 02/01/25 | 23,816,245 | 0.6 | ||||||||||
MPH Acquisition Holdings LLC | |||||||||||||
22,250,000 | e,g | 5.750%, 11/01/28 | 21,693,750 | 0.6 |
50 | 2021 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements |
Summary portfolio of investments | continued |
High-Yield Fund ■ March 31, 2021
% of net | |||||||||||||
Principal | Issuer | Value | assets | ||||||||||
HEALTH CARE EQUIPMENT & SERVICES—continued | |||||||||||||
Tenet Healthcare Corp | |||||||||||||
$ | 23,125,000 | 4.625%, 07/15/24 | $ | 23,603,456 | 0.6 | % | |||||||
27,050,000 | g | 6.125%, 10/01/28 | 28,233,438 | 0.8 | |||||||||
Other | 131,778,685 | 3.5 | |||||||||||
262,801,565 | 7.0 | ||||||||||||
INSURANCE | |||||||||||||
Acrisure LLC | |||||||||||||
18,513,000 | g | 4.250%, 02/15/29 | 18,206,610 | 0.5 | |||||||||
Other | 11,739,656 | 0.3 | |||||||||||
29,946,266 | 0.8 | ||||||||||||
MATERIALS | |||||||||||||
Freeport-McMoRan, Inc | |||||||||||||
14,250,000 | 5.450%, 03/15/43 | 17,142,750 | 0.5 | ||||||||||
Nova Chemicals Corp | |||||||||||||
30,000,000 | g | 4.875%, 06/01/24 | 31,350,000 | 0.8 | |||||||||
Other | 229,283,246 | 6.0 | |||||||||||
277,775,996 | 7.3 | ||||||||||||
MEDIA & ENTERTAINMENT | |||||||||||||
CCO Holdings LLC | |||||||||||||
19,025,000 | g | 4.250%, 02/01/31 | 19,067,235 | 0.5 | |||||||||
20,800,000 | g | 4.500%, 05/01/32 | 21,060,000 | 0.6 | |||||||||
CSC Holdings LLC | |||||||||||||
14,250,000 | g | 7.500%, 04/01/28 | 15,714,900 | 0.4 | |||||||||
17,600,000 | g | 4.625%, 12/01/30 | 17,311,624 | 0.5 | |||||||||
DISH DBS Corp | |||||||||||||
17,400,000 | 7.375%, 07/01/28 | 18,253,470 | 0.5 | ||||||||||
Other | 243,683,751 | 6.4 | |||||||||||
335,090,980 | 8.9 | ||||||||||||
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | |||||||||||||
Horizon Pharma USA, Inc | |||||||||||||
14,600,000 | g | 5.500%, 08/01/27 | 15,585,500 | 0.4 | |||||||||
VRX Escrow Corp | |||||||||||||
15,100,000 | g | 6.125%, 04/15/25 | 15,480,520 | 0.4 | |||||||||
Other | 51,480,766 | 1.4 | |||||||||||
82,546,786 | 2.2 | ||||||||||||
REAL ESTATE | 99,552,229 | 2.6 | |||||||||||
RETAILING | |||||||||||||
Staples, Inc | |||||||||||||
15,000,000 | g | 7.500%, 04/15/26 | 15,821,250 | 0.4 | |||||||||
31,700,000 | g | 10.750%, 04/15/27 | 31,303,750 | 0.8 | |||||||||
Other | 55,826,963 | 1.6 | |||||||||||
102,951,963 | 2.8 | ||||||||||||
SOFTWARE & SERVICES | 60,535,569 | 1.6 | |||||||||||
TECHNOLOGY HARDWARE & EQUIPMENT | |||||||||||||
CommScope Technologies LLC | |||||||||||||
16,206,000 | g | 6.000%, 06/15/25 | 16,530,930 | 0.4 | |||||||||
Other | 63,790,309 | 1.8 | |||||||||||
80,321,239 | 2.2 |
% of net | ||||||||||||||
Principal | Issuer | Value | assets | |||||||||||
TELECOMMUNICATION SERVICES | ||||||||||||||
Altice France S.A. | ||||||||||||||
$ | 19,150,000 | g | 7.375%, 05/01/26 | $ | 19,917,915 | 0.5 | % | |||||||
Avaya, Inc | ||||||||||||||
20,775,000 | g | 6.125%, 09/15/28 | 22,054,013 | 0.6 | ||||||||||
CenturyLink, Inc | ||||||||||||||
16,400,000 | 7.500%, 04/01/24 | 18,381,938 | 0.5 | |||||||||||
Zayo Group Holdings, Inc | ||||||||||||||
16,600,000 | g | 4.000%, 03/01/27 | 16,309,500 | 0.4 | ||||||||||
Other | 76,932,731 | 2.0 | ||||||||||||
153,596,097 | 4.0 | |||||||||||||
TRANSPORTATION | ||||||||||||||
Delta Air Lines, Inc | ||||||||||||||
14,206,000 | g | 7.000%, 05/01/25 | 16,364,708 | 0.4 | ||||||||||
Other | 43,680,899 | 1.2 | ||||||||||||
60,045,607 | 1.6 | |||||||||||||
UTILITIES | 58,900,813 | 1.6 | ||||||||||||
TOTAL CORPORATE BONDS (Cost $3,078,939,073) | 3,211,439,167 | 84.8 | ||||||||||||
TOTAL BONDS (Cost $3,078,939,073) | 3,211,439,167 | 84.8 | ||||||||||||
Shares | Company | |||||||||||||
COMMON STOCKS | ||||||||||||||
ENERGY | 80 | 0.0 | ||||||||||||
TOTAL COMMON STOCKS (Cost $0) | 80 | 0.0 | ||||||||||||
RIGHTS / WARRANTS | ||||||||||||||
ENERGY | 12,643 | 0.0 | ||||||||||||
TOTAL RIGHTS / WARRANTS (Cost $13,190,416) | 12,643 | 0.0 | ||||||||||||
Principal | Issuer | |||||||||||||
SHORT-TERM INVESTMENTS | ||||||||||||||
GOVERNMENT AGENCY DEBT | ||||||||||||||
Federal Home Loan Bank (FHLB) | ||||||||||||||
$ | 18,856,000 | 0.025%, 05/07/21 | 18,855,812 | 0.5 | ||||||||||
49,829,000 | 0.010%–0.085%, 04/08/21–06/23/21 | 49,828,375 | 1.3 | |||||||||||
Other | 11,353,000 | 0.3 | ||||||||||||
80,037,187 | 2.1 | |||||||||||||
TREASURY DEBT | ||||||||||||||
United States Treasury Bill | ||||||||||||||
30,000,000 | 0.020%, 04/13/21 | 29,999,950 | 0.8 | |||||||||||
Other | 28,323,541 | 0.7 | ||||||||||||
58,323,491 | 1.5 |
See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Annual Report | 51 |
Summary portfolio of investments | concluded |
High-Yield Fund ■ March 31, 2021
% of net | |||||||||||||
Shares | Company | Value | assets | ||||||||||
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES | |||||||||||||
40,248,079 | c | State Street Navigator Securities Lending Government Money Market Portfolio 0.030% | $ | 40,248,079 | 1.1 | % | |||||||
40,248,079 | 1.1 | ||||||||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $178,607,317) | 178,608,757 | 4.7 | |||||||||||
TOTAL PORTFOLIO (Cost $3,645,959,556) | 3,767,077,260 | 99.5 | |||||||||||
OTHER ASSETS & LIABILITIES, NET | 17,320,319 | 0.5 | |||||||||||
NET ASSETS | $ | 3,784,397,579 | 100.0 | % |
Abbreviation(s):
LIBOR | London Interbank Offered Rate |
M | Month |
c | Investments made with cash collateral received from securities on loan. |
e | All or a portion of these securities are out on loan. The aggregate value of securities on loan is $38,661,785. See Note 4 in the Notes to financial statements for additional information about securities lending collateral. |
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 3/31/21, the aggregate value of these securities, including those in “Other,” is $2,146,635,558 or 56.7% 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. |
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.
52 | 2021 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements |
Portfolio of investments
Inflation-Linked Bond Fund ■ March 31, 2021
% of net | |||||||||||||
Principal | Issuer | Value | assets | ||||||||||
BONDS | |||||||||||||
GOVERNMENT BONDS | |||||||||||||
AGENCY SECURITIES | |||||||||||||
HNA LLC | |||||||||||||
$ | 1,752,863 | 2.369%, 09/18/27 | $ | 1,841,350 | 0.0 | % | |||||||
Montefiore Medical Center | |||||||||||||
8,925,000 | 2.895%, 04/20/32 | 9,676,472 | 0.3 | ||||||||||
Private Export Funding Corp (PEFCO) | |||||||||||||
3,000,000 | 3.250%, 06/15/25 | 3,264,884 | 0.1 | ||||||||||
Reliance Industries Ltd | |||||||||||||
3,289,474 | 2.444%, 01/15/26 | 3,438,081 | 0.1 | ||||||||||
18,220,787 | 0.5 | ||||||||||||
MORTGAGE BACKED | |||||||||||||
Government National Mortgage Association (GNMA) | |||||||||||||
10,654,323 | 3.600%, 09/15/31 | 11,343,773 | 0.3 | ||||||||||
5,376,159 | 3.700%, 10/15/33 | 5,782,112 | 0.2 | ||||||||||
1,558,432 | 3.380%, 07/15/35 | 1,655,503 | 0.1 | ||||||||||
1,472,592 | 3.870%, 10/15/36 | 1,595,132 | 0.0 | ||||||||||
5,340,691 | 3.940%, 03/15/37 | 5,776,167 | 0.2 | ||||||||||
19,784,864 | 1.730%, 07/15/37 | 19,478,463 | 0.6 | ||||||||||
22,349,586 | 4.250%, 09/15/38 | 24,334,507 | 0.7 | ||||||||||
13,868,487 | 1.650%, 07/15/42 | 13,335,887 | 0.4 | ||||||||||
13,551,397 | 2.750%, 01/15/45 | 14,207,591 | 0.4 | ||||||||||
97,509,135 | 2.9 | ||||||||||||
U.S. TREASURY SECURITIES | |||||||||||||
United States Treasury Inflation Indexed Bonds | |||||||||||||
116,983,162 | k | 0.125%, 04/15/22 | 120,305,301 | 3.5 | |||||||||
131,521,998 | k | 0.125%, 07/15/22 | 136,740,064 | 4.0 | |||||||||
132,590,867 | k | 0.125%, 01/15/23 | 139,054,671 | 4.1 | |||||||||
118,984,480 | k | 0.625%, 04/15/23 | 126,588,332 | 3.7 | |||||||||
125,312,620 | k | 0.375%, 07/15/23 | 134,155,482 | 3.9 | |||||||||
134,534,019 | k | 0.625%, 01/15/24 | 145,855,547 | 4.3 | |||||||||
106,704,173 | k | 0.500%, 04/15/24 | 115,660,098 | 3.4 | |||||||||
132,984,095 | k | 0.125%, 07/15/24 | 143,869,571 | 4.2 | |||||||||
84,101,325 | k | 0.125%, 10/15/24 | 90,967,409 | 2.7 | |||||||||
135,618,464 | k | 0.250%, 01/15/25 | 147,303,195 | 4.3 | |||||||||
105,944,229 | k | 2.375%, 01/15/25 | 124,101,663 | 3.6 | |||||||||
25,315,400 | k | 0.125%, 04/15/25 | 27,403,921 | 0.8 | |||||||||
120,409,108 | k | 0.375%, 07/15/25 | 132,644,428 | 3.9 | |||||||||
123,480,000 | k | 0.125%, 10/15/25 | 134,512,810 | 3.9 | |||||||||
119,742,913 | k | 0.625%, 01/15/26 | 133,145,388 | 3.9 | |||||||||
64,690,156 | k | 2.000%, 01/15/26 | 76,437,989 | 2.2 | |||||||||
96,161,287 | k | 0.125%, 07/15/26 | 105,087,508 | 3.1 | |||||||||
111,792,905 | k | 0.375%, 01/15/27 | 123,302,625 | 3.6 | |||||||||
45,727,511 | k | 2.375%, 01/15/27 | 55,984,048 | 1.6 | |||||||||
87,749,244 | k | 0.375%, 07/15/27 | 97,314,255 | 2.9 | |||||||||
128,405,963 | k | 0.500%, 01/15/28 | 143,000,437 | 4.2 | |||||||||
68,690,967 | k | 1.750%, 01/15/28 | 82,606,254 | 2.4 | |||||||||
53,103,290 | k | 3.625%, 04/15/28 | 71,492,379 | 2.1 |
% of net | ||||||||||||||
Principal | Issuer | Value | assets | |||||||||||
U.S. TREASURY SECURITIES—continued | ||||||||||||||
$ | 68,633,247 | k | 0.750%, 07/15/28 | $ | 78,258,881 | 2.3 | % | |||||||
84,315,748 | k | 0.875%, 01/15/29 | 96,679,862 | 2.8 | ||||||||||
41,765,987 | k | 2.500%, 01/15/29 | 53,434,360 | 1.6 | ||||||||||
70,898,842 | k | 3.875%, 04/15/29 | 99,503,478 | 2.9 | ||||||||||
47,034,540 | k | 0.250%, 07/15/29 | 51,751,468 | 1.5 | ||||||||||
55,911,350 | k | 0.125%, 01/15/30 | 60,494,188 | 1.8 | ||||||||||
98,440,615 | k | 0.125%, 07/15/30 | 106,840,112 | 3.1 | ||||||||||
35,165,550 | k | 0.125%, 01/15/31 | 37,851,960 | 1.1 | ||||||||||
53,047,000 | k | 3.375%, 04/15/32 | 77,255,910 | 2.3 | ||||||||||
10,045,900 | k | 0.125%, 02/15/51 | 10,113,788 | 0.3 | ||||||||||
3,279,717,382 | 96.0 | |||||||||||||
TOTAL GOVERNMENT BONDS (Cost $3,132,389,144) | 3,395,447,304 | 99.4 | ||||||||||||
TOTAL BONDS (Cost $3,132,389,144) | 3,395,447,304 | 99.4 | ||||||||||||
SHORT-TERM INVESTMENTS | ||||||||||||||
GOVERNMENT AGENCY DEBT | ||||||||||||||
Federal Home Loan Bank (FHLB) | ||||||||||||||
9,860,000 | 0.005%, 04/13/21 | 9,860,000 | 0.3 | |||||||||||
6,047,000 | 0.010%, 04/16/21 | 6,047,000 | 0.1 | |||||||||||
7,495,000 | 0.010%, 05/12/21 | 7,494,915 | 0.2 | |||||||||||
23,401,915 | 0.6 | |||||||||||||
Shares | Company | |||||||||||||
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES | ||||||||||||||
713 | c | State Street Navigator Securities Lending Government Money Market Portfolio 0.030% | 713 | 0.0 | ||||||||||
713 | 0.0 | |||||||||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $23,402,591) | 23,402,628 | 0.6 | ||||||||||||
TOTAL PORTFOLIO (Cost $3,155,791,735) | 3,418,849,932 | 100.0 | ||||||||||||
OTHER ASSETS & LIABILITIES, NET | (1,375,162 | ) | (0.0 | ) | ||||||||||
NET ASSETS | $ | 3,417,474,770 | 100.0 | % |
c | Investments made with cash collateral received from securities on loan. |
k | Principal amount for interest accrual purposes is periodically adjusted based on changes in the Consumer Price Index. |
“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, 2021 were as follows:
Number of | Unrealized | ||||||||||
long (short | ) | appreciation | |||||||||
Description | contracts | Expiration date | Notional amount | Value | (depreciation | ) | |||||
US Ultra Bond (CBT) | (50 | ) | 06/21/21 | $(9,412,010 | ) | $(9,060,938 | ) | $351,072 |
See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Annual Report | 53 |
Summary portfolio of investments
Short Duration Impact Bond Fund ■ March 31, 2021
% of net | |||||||||||||
Principal | Issuer | Value | assets | ||||||||||
BANK LOAN OBLIGATIONS | |||||||||||||
UTILITIES | |||||||||||||
Exgen Renewables IV LLC | |||||||||||||
$ | 498,750 | i | 3.750%, 12/15/27, LIBOR 3 M + 2.750% | $ | 498,960 | 1.5 | % | ||||||
498,960 | 1.5 | ||||||||||||
TOTAL BANK LOAN OBLIGATIONS (Cost $496,338) | 498,960 | 1.5 | |||||||||||
BONDS | |||||||||||||
CORPORATE BONDS | |||||||||||||
AUTOMOBILES & COMPONENTS | |||||||||||||
Hyundai Capital Services, Inc | |||||||||||||
350,000 | g | 1.250%, 02/08/26 | 341,329 | 1.0 | |||||||||
341,329 | 1.0 | ||||||||||||
BANKS | |||||||||||||
Citigroup, Inc | |||||||||||||
250,000 | 1.678%, 05/15/24 | 255,093 | 0.8 | ||||||||||
500,000 | i | 1.452%, 07/01/26, LIBOR 3 M + 1.250% | 511,940 | 1.5 | |||||||||
HSBC Holdings plc | |||||||||||||
500,000 | 3.033%, 11/22/23 | 520,033 | 1.6 | ||||||||||
Lloyds Banking Group plc | |||||||||||||
250,000 | 4.500%, 11/04/24 | 277,888 | 0.8 | ||||||||||
Royal Bank of Scotland Group plc | |||||||||||||
250,000 | 2.359%, 05/22/24 | 257,932 | 0.8 | ||||||||||
USAA Capital Corp | |||||||||||||
400,000 | g | 1.500%, 05/01/23 | 408,637 | 1.2 | |||||||||
Other | 975,244 | 3.0 | |||||||||||
3,206,767 | 9.7 | ||||||||||||
CAPITAL GOODS | |||||||||||||
CNH Industrial Capital LLC | |||||||||||||
500,000 | 1.950%, 07/02/23 | 513,438 | 1.5 | ||||||||||
Other | 500,747 | 1.6 | |||||||||||
1,014,185 | 3.1 | ||||||||||||
CONSUMER SERVICES | |||||||||||||
Nature Conservancy | |||||||||||||
550,000 | 0.467%, 07/01/23 | 549,502 | 1.6 | ||||||||||
260,000 | i | 1.285%, 02/01/24, LIBOR 3 M + 1.080% | 260,801 | 0.8 | |||||||||
810,303 | 2.4 | ||||||||||||
DIVERSIFIED FINANCIALS | |||||||||||||
NongHyup Bank | |||||||||||||
260,000 | g | 1.250%, 07/20/25 | 258,321 | 0.8 | |||||||||
Reinvestment Fund, Inc | |||||||||||||
250,000 | 3.477%, 02/15/23 | 254,248 | 0.8 | ||||||||||
WLB Asset II Pte Ltd | |||||||||||||
250,000 | g | 4.000%, 01/14/24 | 256,324 | 0.8 | |||||||||
Other | 1,120,693 | 3.4 | |||||||||||
1,889,586 | 5.8 | ||||||||||||
ENERGY | |||||||||||||
Aker BP ASA | |||||||||||||
250,000 | g | 2.875%, 01/15/26 | 258,183 | 0.8 | |||||||||
Other | 423,479 | 1.3 | |||||||||||
681,662 | 2.1 |
% of net | |||||||||||||
Principal | Issuer | Value | assets | ||||||||||
MATERIALS | $ | 250,087 | 0.8 | % | |||||||||
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | |||||||||||||
AbbVie, Inc | |||||||||||||
$ | 500,000 | i | 0.832%, 11/21/22, LIBOR 3 M + 0.650% | 503,071 | 1.5 | ||||||||
Roche Holdings, Inc | |||||||||||||
1,075,000 | g,i | 0.251%, 03/05/24, SOFR + 0.240% | 1,075,745 | 3.3 | |||||||||
1,578,816 | 4.8 | ||||||||||||
REAL ESTATE | |||||||||||||
Federal Realty Investment Trust | |||||||||||||
300,000 | 1.250%, 02/15/26 | 296,226 | 0.9 | ||||||||||
Other | 103,250 | 0.3 | |||||||||||
399,476 | 1.2 | ||||||||||||
TELECOMMUNICATION SERVICES | 251,446 | 0.8 | |||||||||||
TRANSPORTATION | |||||||||||||
Delta Air Lines, Inc | |||||||||||||
286,446 | 2.500%, 06/10/28 | 290,246 | 0.9 | ||||||||||
Other | 242,888 | 0.7 | |||||||||||
533,134 | 1.6 | ||||||||||||
UTILITIES | |||||||||||||
AES Corp | |||||||||||||
300,000 | g | 1.375%, 01/15/26 | 292,393 | 0.9 | |||||||||
Avangrid, Inc | |||||||||||||
300,000 | 3.200%, 04/15/25 | 321,195 | 1.0 | ||||||||||
Azure Power Energy Ltd | |||||||||||||
250,000 | g | 5.500%, 11/03/22 | 255,001 | 0.7 | |||||||||
CenterPoint Energy Resources Corp | |||||||||||||
600,000 | i | 0.684%, 03/02/23, LIBOR 3 M + 0.500% | 600,170 | 1.8 | |||||||||
Hanwha Energy USA Holdings Corp | |||||||||||||
250,000 | g | 2.375%, 07/30/22 | 255,791 | 0.8 | |||||||||
Korea Hydro & Nuclear Power Co Ltd | |||||||||||||
300,000 | g | 3.750%, 07/25/23 | 321,533 | 1.0 | |||||||||
National Fuel Gas Co | |||||||||||||
300,000 | 5.500%, 01/15/26 | 342,853 | 1.0 | ||||||||||
Other | 500,652 | 1.5 | |||||||||||
2,889,588 | 8.7 | ||||||||||||
TOTAL CORPORATE BONDS (Cost $13,655,390) | 13,846,379 | 42.0 | |||||||||||
GOVERNMENT BONDS | |||||||||||||
AGENCY SECURITIES | |||||||||||||
Federal Home Loan Mortgage Corp (FHLMC) | |||||||||||||
250,000 | 1.500%, 02/12/25 | 258,439 | 0.8 | ||||||||||
Federal National Mortgage Association (FNMA) | |||||||||||||
500,000 | 0.250%, 07/10/23 | 500,382 | 1.5 | ||||||||||
Overseas Private Investment Corp (OPIC) | |||||||||||||
245,058 | 1.790%, 10/15/29 | 257,745 | 0.8 | ||||||||||
US Department of Housing and Urban Development (HUD) | |||||||||||||
250,000 | 2.618%, 08/01/23 | 263,183 | 0.8 | ||||||||||
Other | 949,699 | 2.8 | |||||||||||
2,229,448 | 6.7 |
54 | 2021 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements |
Summary portfolio of investments | concluded |
Short Duration Impact Bond Fund ■ March 31, 2021
% of net | |||||||||||||
Principal | Issuer | Value | assets | ||||||||||
FOREIGN GOVERNMENT BONDS | |||||||||||||
European Stability Mechanism | |||||||||||||
$ | 500,000 | g | 1.375%, 09/11/24 | $ | 513,469 | 1.6 | % | ||||||
International Development Association | |||||||||||||
500,000 | g | 2.750%, 04/24/23 | 525,400 | 1.6 | |||||||||
Nederlandse Waterschapsbank NV | |||||||||||||
250,000 | g | 1.750%, 01/15/25 | 259,754 | 0.8 | |||||||||
Perusahaan Penerbit SBSN Indonesia III | |||||||||||||
500,000 | g | 3.750%, 03/01/23 | 526,540 | 1.6 | |||||||||
Other | 735,410 | 2.2 | |||||||||||
2,560,573 | 7.8 | ||||||||||||
MORTGAGE BACKED | 160,653 | 0.5 | |||||||||||
MUNICIPAL BONDS | |||||||||||||
City of Detroit MI | |||||||||||||
400,000 | 1.817%, 04/01/22 | 399,910 | 1.2 | ||||||||||
New York State Energy Research & Development Authority | |||||||||||||
330,000 | 1.624%, 10/01/22 | 331,182 | 1.0 | ||||||||||
Sustainable Energy Utility, Inc | |||||||||||||
425,000 | 1.550%, 09/15/21 | 425,692 | 1.3 | ||||||||||
Other | 1,517,745 | 4.6 | |||||||||||
2,674,529 | 8.1 | ||||||||||||
U.S. TREASURY SECURITIES | |||||||||||||
United States Treasury Note | |||||||||||||
285,000 | 1.625%, 12/31/21 | 288,318 | 0.9 | ||||||||||
860,000 | 0.125%, 06/30/22 | 860,202 | 2.6 | ||||||||||
835,000 | 0.125%, 10/31/22 | 834,902 | 2.5 | ||||||||||
1,500,000 | 2.625%, 12/31/23 | 1,595,566 | 4.8 | ||||||||||
495,000 | 0.250%, 03/15/24 | 493,685 | 1.5 | ||||||||||
Other | 251,426 | 0.8 | |||||||||||
4,324,099 | 13.1 | ||||||||||||
TOTAL GOVERNMENT BONDS (Cost $11,710,816) | 11,949,302 | 36.2 | |||||||||||
STRUCTURED ASSETS | |||||||||||||
ASSET BACKED | |||||||||||||
HERO Funding Trust | |||||||||||||
Series - 2016 3A (Class A2) | |||||||||||||
314,428 | g | 3.910%, 09/20/42 | 324,598 | 1.0 | |||||||||
413,173 | g | 2.720%–4.050%, 09/20/41–09/20/57 | 424,959 | 1.3 | |||||||||
Mosaic Solar Loan Trust | |||||||||||||
Series - 2020 2A (Class A) | |||||||||||||
462,271 | g | 1.440%, 08/20/46 | 450,313 | 1.4 | |||||||||
Sunrun Atlas Issuer LLC | |||||||||||||
Series - 2019 2 (Class A) | |||||||||||||
484,198 | g | 3.610%, 02/01/55 | 511,051 | 1.5 | |||||||||
Sunrun Callisto Issuer LLC | |||||||||||||
Series - 2019 1A (Class A) | |||||||||||||
429,082 | g | 3.980%, 06/30/54 | 457,680 | 1.4 | |||||||||
Tesla Auto Lease Trust | |||||||||||||
Series-2019 A (Class A4) | |||||||||||||
250,000 | g | 2.200%, 11/21/22 | 255,984 | 0.8 | |||||||||
421,463 | g | 0.560%–3.710%, 08/20/21–03/20/25 | 422,227 | 1.3 |
% of net | |||||||||||||
Principal | Issuer | Value | assets | ||||||||||
ASSET BACKED—continued | |||||||||||||
Vivint Colar Financing V LLC | |||||||||||||
Series - 2018 1A (Class B) | |||||||||||||
$ | 585,240 | g | 7.370%, 04/30/48 | $ | 623,071 | 1.9 | % | ||||||
Other | 484,448 | 1.4 | |||||||||||
3,954,331 | 12.0 | ||||||||||||
OTHER MORTGAGE BACKED | |||||||||||||
Natixis Commercial Mortgage Securities Trust | |||||||||||||
500,000 | g,i | 1.606%–4.356%, 07/15/36–07/15/36, LIBOR 1 M + 1.500%–LIBOR 1 M + 4.250% | 496,817 | 1.5 | |||||||||
Other | 803,664 | 2.4 | |||||||||||
1,300,481 | 3.9 | ||||||||||||
TOTAL STRUCTURED ASSETS (Cost $5,175,934) | 5,254,812 | 15.9 | |||||||||||
TOTAL BONDS (Cost $30,542,140) | 31,050,493 | 94.1 | |||||||||||
SHORT-TERM INVESTMENTS | |||||||||||||
GOVERNMENT AGENCY DEBT | |||||||||||||
Federal Farm Credit Bank (FFCB) | |||||||||||||
462,000 | 0.010%, 04/01/21 | 462,000 | 1.4 | ||||||||||
Tennessee Valley Authority (TVA) | |||||||||||||
879,000 | 0.010%, 04/07/21 | 879,000 | 2.7 | ||||||||||
1,341,000 | 4.1 | ||||||||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $1,340,998) | 1,341,000 | 4.1 | |||||||||||
TOTAL PORTFOLIO (Cost $32,379,476) | 32,890,453 | 99.7 | |||||||||||
OTHER ASSETS & LIABILITIES, NET | 106,038 | 0.3 | |||||||||||
NET ASSETS | $ | 32,996,491 | 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 3/31/21, the aggregate value of these securities, including those in “Other,” is $11,985,202 or 36.3% 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.
See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Annual Report | 55 |
Summary portfolio of investments
Short-Term Bond Fund ■ March 31, 2021
Principal | Issuer | Value | % of net assets | |||||||||||
BANK LOAN OBLIGATIONS | ||||||||||||||
CAPITAL GOODS | $ | 2,019,429 | 0.1 | % | ||||||||||
COMMERCIAL & PROFESSIONAL SERVICES | 322,305 | 0.0 | ||||||||||||
CONSUMER SERVICES | 6,132,360 | 0.3 | ||||||||||||
DIVERSIFIED FINANCIALS | 724,319 | 0.0 | ||||||||||||
HEALTH CARE EQUIPMENT & SERVICES | 1,574,552 | 0.1 | ||||||||||||
HOUSEHOLD & PERSONAL PRODUCTS | 994,580 | 0.0 | ||||||||||||
MATERIALS | 483,540 | 0.0 | ||||||||||||
MEDIA & ENTERTAINMENT | 8,318,374 | 0.4 | ||||||||||||
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 5,650,488 | 0.3 | ||||||||||||
SOFTWARE & SERVICES | 3,832,741 | 0.2 | ||||||||||||
TECHNOLOGY HARDWARE & EQUIPMENT | 3,274,593 | 0.2 | ||||||||||||
TRANSPORTATION | 1,775,190 | 0.1 | ||||||||||||
UTILITIES | 561,093 | 0.0 | ||||||||||||
TOTAL BANK LOAN OBLIGATIONS (Cost $35,830,164) | 35,663,564 | 1.7 | ||||||||||||
BONDS | ||||||||||||||
CORPORATE BONDS | ||||||||||||||
BANKS | ||||||||||||||
Bank of America Corp | ||||||||||||||
$ | 10,000,000 | 3.550%, 03/05/24 | 10,550,742 | 0.5 | ||||||||||
10,000,000 | 1.486%, 05/19/24 | 10,165,088 | 0.5 | |||||||||||
Citigroup, Inc | ||||||||||||||
9,000,000 | 2.876%, 07/24/23 | 9,270,504 | 0.4 | |||||||||||
15,000,000 | 1.678%, 05/15/24 | 15,305,550 | 0.7 | |||||||||||
Dexia Credit Local S.A. | ||||||||||||||
10,000,000 | g | 2.875%, 01/29/22 | 10,213,138 | 0.5 | ||||||||||
JPMorgan Chase & Co | ||||||||||||||
10,000,000 | 2.776%, 04/25/23 | 10,240,558 | 0.5 | |||||||||||
12,000,000 | 1.514%, 06/01/24 | 12,249,030 | 0.6 | |||||||||||
Other | 152,181,971 | 7.0 | ||||||||||||
230,176,581 | 10.7 | |||||||||||||
CAPITAL GOODS | 28,877,621 | 1.3 | ||||||||||||
COMMERCIAL & PROFESSIONAL SERVICES | 5,292,330 | 0.2 | ||||||||||||
CONSUMER DURABLES & APPAREL | 1,589,340 | 0.1 | ||||||||||||
CONSUMER SERVICES | 2,138,780 | 0.1 | ||||||||||||
DIVERSIFIED FINANCIALS | ||||||||||||||
Federation des Caisses Desjardins du Quebec | ||||||||||||||
16,800,000 | g | 1.950%, 09/26/22 | 17,199,645 | 0.8 | ||||||||||
Other | 109,902,590 | 5.0 | ||||||||||||
127,102,235 | 5.8 | |||||||||||||
ENERGY | 58,203,395 | 2.7 | ||||||||||||
FOOD & STAPLES RETAILING | 5,174,211 | 0.2 | ||||||||||||
FOOD, BEVERAGE & TOBACCO | 19,509,820 | 0.8 |
Principal | Issuer | Value | % of net assets | |||||||||||
HEALTH CARE EQUIPMENT & SERVICES | ||||||||||||||
SBA Tower Trust | ||||||||||||||
$ | 13,365,000 | g | 1.884%, 01/15/26 | $ | 13,525,921 | 0.6 | % | |||||||
Other | 7,592,953 | 0.4 | ||||||||||||
21,118,874 | 1.0 | |||||||||||||
INSURANCE | 7,985,317 | 0.4 | ||||||||||||
MATERIALS | 37,477,404 | 1.8 | ||||||||||||
MEDIA & ENTERTAINMENT | 13,706,797 | 0.6 | ||||||||||||
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | ||||||||||||||
AbbVie, Inc | ||||||||||||||
18,000,000 | 2.300%, 11/21/22 | 18,521,932 | 0.9 | |||||||||||
Other | 28,451,043 | 1.3 | ||||||||||||
46,972,975 | 2.2 | |||||||||||||
REAL ESTATE | 30,514,338 | 1.4 | ||||||||||||
RETAILING | 1,681,149 | 0.1 | ||||||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | 3,542,688 | 0.2 | ||||||||||||
SOFTWARE & SERVICES | 17,541,897 | 0.8 | ||||||||||||
TECHNOLOGY HARDWARE & EQUIPMENT | 1,889,816 | 0.1 | ||||||||||||
TELECOMMUNICATION SERVICES | 24,011,658 | 1.1 | ||||||||||||
TRANSPORTATION | 3,338,246 | 0.2 | ||||||||||||
UTILITIES | ||||||||||||||
Xcel Energy, Inc | ||||||||||||||
13,950,000 | 0.500%, 10/15/23 | 13,936,575 | 0.7 | |||||||||||
Other | 41,635,153 | 1.8 | ||||||||||||
55,571,728 | 2.5 | |||||||||||||
TOTAL CORPORATE BONDS (Cost $733,072,009) | 743,417,200 | 34.3 | ||||||||||||
GOVERNMENT BONDS | ||||||||||||||
AGENCY SECURITIES | ||||||||||||||
Federal Home Loan Mortgage Corp (FHLMC) | ||||||||||||||
16,250,000 | 0.250%, 09/08/23 | 16,246,862 | 0.8 | |||||||||||
Federal National Mortgage Association (FNMA) | ||||||||||||||
15,000,000 | 0.250%, 07/10/23 | 15,011,453 | 0.7 | |||||||||||
10,500,000 | 0.250%, 11/27/23 | 10,488,122 | 0.5 | |||||||||||
10,000,000 | 0.500%, 06/17/25 | 9,904,200 | 0.5 | |||||||||||
Other | 44,452,064 | 2.0 | ||||||||||||
96,102,701 | 4.5 | |||||||||||||
FOREIGN GOVERNMENT BONDS | ||||||||||||||
CDP Financial, Inc | ||||||||||||||
10,000,000 | g | 0.875%, 06/10/25 | 10,009,032 | 0.5 | ||||||||||
International Development Association | ||||||||||||||
8,900,000 | g | 2.750%, 04/24/23 | 9,352,120 | 0.4 | ||||||||||
Kommunalbanken AS. | ||||||||||||||
10,000,000 | g | 0.375%, 09/11/25 | 9,747,700 | 0.4 | ||||||||||
Landwirtschaftliche Rentenbank | ||||||||||||||
16,000,000 | 0.875%, 09/03/30 | 14,694,470 | 0.7 | |||||||||||
Mexico Government International Bond | ||||||||||||||
10,000,000 | 2.659%, 05/24/31 | 9,430,800 | 0.4 |
56 | 2021 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements |
Summary portfolio of investments | continued |
Short-Term Bond Fund ■ March 31, 2021
Principal | Issuer | Value | % of net assets | |||||||||||
FOREIGN GOVERNMENT BONDS—continued | ||||||||||||||
Ontario Teachers’ Finance Trust | ||||||||||||||
$ | 15,000,000 | g | 1.625%, 09/12/24 | $ | 15,485,188 | 0.7 | % | |||||||
Province of British Columbia Canada | ||||||||||||||
10,400,000 | 1.300%, 01/29/31 | 9,783,917 | 0.5 | |||||||||||
Other | 161,240,999 | 7.5 | ||||||||||||
239,744,226 | 11.1 | |||||||||||||
MORTGAGE BACKED | ||||||||||||||
Government National Mortgage Association (GNMA) | ||||||||||||||
19,784,864 | 1.730%, 07/15/37 | 19,478,463 | 0.9 | |||||||||||
22,349,586 | 4.250%, 09/15/38 | 24,334,506 | 1.1 | |||||||||||
Other | 1,792 | 0.0 | ||||||||||||
43,814,761 | 2.0 | |||||||||||||
MUNICIPAL BONDS | ||||||||||||||
City of New York NY | ||||||||||||||
19,755,000 | 2.280%, 08/01/25 | 20,805,172 | 1.0 | |||||||||||
Massachusetts Water Resources Authority | ||||||||||||||
10,000,000 | 2.083%, 08/01/25 | 10,531,065 | 0.5 | |||||||||||
Other | 11,509,735 | 0.5 | ||||||||||||
42,845,972 | 2.0 | |||||||||||||
U.S. TREASURY SECURITIES | ||||||||||||||
United States Treasury Inflation Indexed Bonds | ||||||||||||||
11,331,100 | k | 0.125%, 01/15/23 | 11,883,491 | 0.5 | ||||||||||
11,209,300 | k | 0.625%, 01/15/24 | 12,152,603 | 0.6 | ||||||||||
United States Treasury Note | ||||||||||||||
59,505,000 | 1.500%, 09/30/21 | 59,937,341 | 2.8 | |||||||||||
27,750,000 | 1.625%, 12/31/21 | 28,073,027 | 1.3 | |||||||||||
21,290,000 | 0.125%, 06/30/22 | 21,294,990 | 1.0 | |||||||||||
27,700,000 | 0.125%, 10/31/22 | 27,696,754 | 1.3 | |||||||||||
185,299,000 | 0.250%, 03/15/24 | 184,806,800 | 8.6 | |||||||||||
Other | 799,625 | 0.0 | ||||||||||||
346,644,631 | 16.1 | |||||||||||||
TOTAL GOVERNMENT BONDS (Cost $763,277,209) | 769,152,291 | 35.7 | ||||||||||||
STRUCTURED ASSETS | ||||||||||||||
ASSET BACKED | ||||||||||||||
CF Hippolyta LLC | ||||||||||||||
Series - 2020 1 (Class A1) | ||||||||||||||
10,164,135 | g | 1.690%, 07/15/60 | 10,240,121 | 0.5 | ||||||||||
Domino’s Pizza Master Issuer LLC | ||||||||||||||
Series - 2017 1A (Class A2II) | ||||||||||||||
14,550,000 | g | 3.082%, 07/25/47 | 14,573,134 | 0.7 | ||||||||||
TES LLC | ||||||||||||||
Series - 2017 1A (Class A) | ||||||||||||||
8,964,201 | g | 4.330%, 10/20/47 | 9,317,756 | 0.4 | ||||||||||
Verizon Owner Trust | ||||||||||||||
Series - 2018 A (Class B) | ||||||||||||||
10,905,000 | 3.380%, 04/20/23 | 11,154,987 | 0.5 | |||||||||||
Series - 2019 A (Class B) | ||||||||||||||
9,000,000 | 3.020%, 09/20/23 | 9,304,678 | 0.4 |
Principal | Issuer | Value | % of net assets | ||||||||||||
ASSET BACKED—continued | |||||||||||||||
Series - 2020 B (Class B) | |||||||||||||||
$ | 17,500,000 | 0.680%, 02/20/25 | $ | 17,489,902 | 0.8 | % | |||||||||
Other | 178,289,039 | 8.3 | |||||||||||||
250,369,617 | 11.6 | ||||||||||||||
OTHER MORTGAGE BACKED | |||||||||||||||
Connecticut Avenue Securities | |||||||||||||||
Series - 2017 C02 (Class 2ED3) | |||||||||||||||
10,010,797 | i | 1.459%, 09/25/29, LIBOR 1 M + 1.350% | 10,025,779 | 0.5 | |||||||||||
Series - 2017 C05 (Class 1M2) | |||||||||||||||
11,560,020 | i | 2.309%, 01/25/30, LIBOR 1 M + 2.200% | 11,672,209 | 0.5 | |||||||||||
GS Mortgage Securities Trust | |||||||||||||||
Series - 2019 GC40 (Class DBB) | |||||||||||||||
9,000,000 | g,i | 3.501%, 07/10/52 | 9,421,447 | 0.4 | |||||||||||
Structured Agency Credit Risk Debt Note (STACR) | |||||||||||||||
Series - 2020 DNA4 (Class M2AR) | |||||||||||||||
18,500,000 | g,i | 1.609%, 08/25/50, LIBOR 1 M + 1.500% | 18,526,068 | 0.9 | |||||||||||
21,258,950 | g,i | 1.209%–3.359%, 07/25/29–07/27/50, | |||||||||||||
LIBOR 1 M + 1.100%–LIBOR 1 M + 3.250% | 21,481,799 | 1.1 | |||||||||||||
Other | 174,328,313 | 8.0 | |||||||||||||
245,455,615 | 11.4 | ||||||||||||||
TOTAL STRUCTURED ASSETS (Cost $495,336,995) | 495,825,232 | 23.0 | |||||||||||||
TOTAL BONDS (Cost $1,991,686,213) | 2,008,394,723 | 93.0 | |||||||||||||
SHORT-TERM INVESTMENTS | |||||||||||||||
GOVERNMENT AGENCY DEBT | |||||||||||||||
Federal Home Loan Bank (FHLB) | |||||||||||||||
20,533,000 | 0.035%, 04/09/21 | 20,533,000 | 0.9 | ||||||||||||
10,000,000 | 0.010%, 04/14/21 | 10,000,000 | 0.5 | ||||||||||||
10,000,000 | 0.004%, 04/21/21 | 10,000,000 | 0.5 | ||||||||||||
10,000,000 | 0.010%, 04/23/21 | 10,000,000 | 0.5 | ||||||||||||
15,000,000 | 0.010%, 05/03/21 | 14,999,867 | 0.7 | ||||||||||||
14,148,000 | 0.005%, 05/05/21 | 14,147,866 | 0.6 | ||||||||||||
16,748,000 | 0.035%, 05/28/21 | 16,747,735 | 0.8 | ||||||||||||
Other | 8,935,000 | 0.4 | |||||||||||||
105,363,468 | 4.9 | ||||||||||||||
TREASURY DEBT | 2,483,937 | 0.1 | |||||||||||||
Shares | Company | ||||||||||||||
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES | |||||||||||||||
1,300,874 | c | State Street Navigator Securities Lending Government Money Market Portfolio 0.030% | 1,300,874 | 0.0 | |||||||||||
1,300,874 | 0.0 | ||||||||||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $109,147,356) | 109,148,279 | 5.0 | |||||||||||||
TOTAL PORTFOLIO (Cost $2,136,663,733) | 2,153,206,566 | 99.7 | |||||||||||||
OTHER ASSETS & LIABILITIES, NET | 6,279,541 | 0.3 | |||||||||||||
NET ASSETS | $ | 2,159,486,107 | 100.0 | % |
See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Annual Report | 57 |
Summary portfolio of investments | concluded |
Short-Term Bond Fund ■ March 31, 2021
Abbreviation(s):
LIBOR | London Interbank Offered Rate |
M | Month |
c | Investments made with cash collateral received from securities on loan. |
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 3/31/21, the aggregate value of these securities, including those in “Other,” is $688,453,335 or 31.9% of net assets. |
k | Principal amount for interest accrual purposes is periodically adjusted based on changes in the Consumer Price Index. |
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. |
At 3/31/21, the aggregate value of securities on loan is $1,271,445. See Note 4 in the Notes to financial statements for additional information about securities lending collateral.
“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, 2021 were as follows:
Description | Number of long (short) contracts | Expiration date | Notional amount | Value | Unrealized appreciation (depreciation) | |||||||||||||
US Long Bond (CBT) | (40 | ) | 06/21/21 | $ | (6,399,587 | ) | $ | (6,183,750 | ) | $ | 215,837 | |||||||
US 10 Year Note (CBT) | (476 | ) | 06/21/21 | (63,916,923 | ) | (62,326,250 | ) | 1,590,673 | ||||||||||
Total | (516 | ) | $ | (70,316,510 | ) | $ | (68,510,000 | ) | $ | 1,806,510 |
58 | 2021 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements |
Summary portfolio of investments
Short-Term Bond Index Fund ■ March 31, 2021
Principal | Issuer | Value | % of net assets | |||||||||||
BONDS | ||||||||||||||
CORPORATE BONDS | ||||||||||||||
AUTOMOBILES & COMPONENTS | $ | 972,818 | 0.1 | % | ||||||||||
BANKS | 71,332,026 | 6.7 | ||||||||||||
CAPITAL GOODS | 15,997,146 | 1.5 | ||||||||||||
COMMERCIAL & PROFESSIONAL SERVICES | 1,091,780 | 0.1 | ||||||||||||
CONSUMER DURABLES & APPAREL | 1,189,666 | 0.1 | ||||||||||||
CONSUMER SERVICES | 1,918,115 | 0.2 | ||||||||||||
DIVERSIFIED FINANCIALS | 43,861,326 | 4.0 | ||||||||||||
ENERGY | 18,837,269 | 1.8 | ||||||||||||
FOOD & STAPLES RETAILING | 1,512,164 | 0.1 | ||||||||||||
FOOD, BEVERAGE & TOBACCO | 9,651,801 | 0.9 | ||||||||||||
HEALTH CARE EQUIPMENT & SERVICES | 8,089,618 | 0.7 | ||||||||||||
HOUSEHOLD & PERSONAL PRODUCTS | 977,328 | 0.1 | ||||||||||||
INSURANCE | 3,035,578 | 0.3 | ||||||||||||
MATERIALS | 3,102,135 | 0.2 | ||||||||||||
MEDIA & ENTERTAINMENT | 4,354,359 | 0.5 | ||||||||||||
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 13,038,103 | 1.2 | ||||||||||||
REAL ESTATE | 3,715,092 | 0.4 | ||||||||||||
RETAILING | 3,956,556 | 0.3 | ||||||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | 1,570,585 | 0.2 | ||||||||||||
SOFTWARE & SERVICES | 10,224,651 | 1.0 | ||||||||||||
TECHNOLOGY HARDWARE & EQUIPMENT | 5,378,520 | 0.6 | ||||||||||||
TELECOMMUNICATION SERVICES | 5,788,380 | 0.5 | ||||||||||||
TRANSPORTATION | 3,700,861 | 0.4 | ||||||||||||
UTILITIES | 17,834,770 | 1.6 | ||||||||||||
TOTAL CORPORATE BONDS (Cost $248,579,329) | 251,130,647 | 23.5 | ||||||||||||
GOVERNMENT BONDS | ||||||||||||||
AGENCY SECURITIES | ||||||||||||||
Federal Farm Credit Banks Funding Corp | ||||||||||||||
$ | 4,000,000 | 0.125%, 02/03/23 | 3,998,056 | 0.4 | ||||||||||
Federal Home Loan Bank (FHLB) | ||||||||||||||
3,000,000 | 3.000%, 10/12/21 | 3,046,847 | 0.3 | |||||||||||
Federal Home Loan Mortgage Corp (FHLMC) | ||||||||||||||
2,500,000 | 0.375%, 04/20/23 | 2,509,498 | 0.2 | |||||||||||
Federal National Mortgage Association (FNMA) | ||||||||||||||
4,500,000 | 0.250%, 05/22/23 | 4,505,661 | 0.4 | |||||||||||
Other | 18,503,625 | 1.8 | ||||||||||||
32,563,687 | 3.1 | |||||||||||||
FOREIGN GOVERNMENT BONDS | ||||||||||||||
Asian Development Bank | ||||||||||||||
2,500,000 | 1.875%, 07/19/22 | 2,554,433 | 0.2 |
Principal | Issuer | Value | % of net assets | |||||||||||
FOREIGN GOVERNMENT BONDS—continued | ||||||||||||||
European Investment Bank | ||||||||||||||
$ | 2,750,000 | 1.375%, 09/06/22 | $ | 2,795,875 | 0.3 | % | ||||||||
3,707,000 | 1.375%, 05/15/23 | 3,794,849 | 0.4 | |||||||||||
Kreditanstalt fuer Wiederaufbau | ||||||||||||||
2,000,000 | 1.750%, 08/22/22 | 2,043,040 | 0.2 | |||||||||||
5,100,000 | 1.625%, 02/15/23 | 5,233,671 | 0.5 | |||||||||||
Other | 57,120,261 | 5.3 | ||||||||||||
73,542,129 | 6.9 | |||||||||||||
MUNICIPAL BONDS | 284,170 | 0.0 | ||||||||||||
U.S. TREASURY SECURITIES | ||||||||||||||
United States Treasury Note | ||||||||||||||
10,000,000 | 2.375%, 03/15/22 | 10,219,531 | 1.0 | |||||||||||
4,750,000 | 0.375%, 03/31/22 | 4,764,102 | 0.4 | |||||||||||
12,000,000 | 2.250%, 04/15/22 | 12,270,000 | 1.2 | |||||||||||
24,000,000 | 0.125%, 04/30/22 | 24,009,375 | 2.3 | |||||||||||
18,000,000 | 2.125%, 05/15/22 | 18,407,813 | 1.7 | |||||||||||
7,000,000 | 0.125%, 05/31/22 | 7,001,914 | 0.7 | |||||||||||
14,000,000 | 1.750%, 06/15/22 | 14,276,719 | 1.3 | |||||||||||
18,500,000 | 0.125%, 06/30/22 | 18,504,336 | 1.7 | |||||||||||
20,000,000 | 1.750%, 07/15/22 | 20,422,656 | 1.9 | |||||||||||
7,800,000 | 0.125%, 07/31/22 | 7,800,609 | 0.7 | |||||||||||
13,000,000 | 1.500%, 08/15/22 | 13,246,289 | 1.2 | |||||||||||
28,500,000 | 0.125%, 08/31/22 | 28,500,000 | 2.7 | |||||||||||
10,000,000 | 1.500%, 09/15/22 | 10,198,828 | 1.0 | |||||||||||
14,000,000 | 0.125%, 09/30/22 | 13,998,906 | 1.3 | |||||||||||
17,400,000 | 1.375%, 10/15/22 | 17,729,648 | 1.7 | |||||||||||
9,250,000 | 0.125%, 10/31/22 | 9,248,916 | 0.9 | |||||||||||
20,000,000 | 1.625%, 11/15/22 | 20,478,906 | 1.9 | |||||||||||
27,250,000 | 0.125%, 11/30/22 | 27,244,678 | 2.6 | |||||||||||
23,000,000 | 1.625%, 12/15/22 | 23,580,391 | 2.2 | |||||||||||
8,000,000 | 0.125%, 12/31/22 | 7,996,562 | 0.7 | |||||||||||
22,000,000 | 1.500%, 01/15/23 | 22,528,516 | 2.1 | |||||||||||
7,000,000 | 0.125%, 01/31/23 | 6,996,719 | 0.7 | |||||||||||
12,000,000 | 1.375%, 02/15/23 | 12,273,281 | 1.2 | |||||||||||
23,000,000 | 0.125%, 02/28/23 | 22,985,625 | 2.2 | |||||||||||
3,750,000 | 0.125%, 03/31/23 | 3,747,510 | 0.4 | |||||||||||
21,500,000 | 0.250%, 04/15/23 | 21,531,074 | 2.0 | |||||||||||
21,500,000 | 0.125%, 05/15/23 | 21,471,445 | 2.0 | |||||||||||
18,000,000 | 0.250%, 06/15/23 | 18,020,391 | 1.7 | |||||||||||
17,600,000 | 0.125%, 07/15/23 | 17,565,625 | 1.6 | |||||||||||
16,500,000 | 0.125%, 08/15/23 | 16,461,973 | 1.5 | |||||||||||
6,750,000 | 0.125%, 09/15/23 | 6,731,543 | 0.6 | |||||||||||
33,750,000 | 0.125%, 10/15/23 | 33,639,258 | 3.2 | |||||||||||
46,250,000 | 0.250%, 11/15/23 | 46,226,514 | 4.3 | |||||||||||
33,250,000 | 0.125%, 12/15/23 | 33,103,233 | 3.1 | |||||||||||
16,600,000 | 0.125%, 01/15/24 | 16,517,000 | 1.5 | |||||||||||
48,243,000 | e | 0.125%, 02/15/24 | 47,982,940 | 4.5 | ||||||||||
35,000,000 | 0.250%, 03/15/24 | 34,907,031 | 3.3 | |||||||||||
5,000,000 | 0.250%, 08/31/25 | 4,883,594 | 0.5 | |||||||||||
4,000,000 | 0.250%, 09/30/25 | 3,901,406 | 0.4 | |||||||||||
Other | 1,535,996 | 0.1 | ||||||||||||
702,910,853 | 66.0 | |||||||||||||
TOTAL GOVERNMENT BONDS (Cost $805,115,297) | 809,300,839 | 76.0 | ||||||||||||
TOTAL BONDS (Cost $1,053,694,626) | 1,060,431,486 | 99.5 |
See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Annual Report | 59 |
Summary portfolio of investments | concluded |
Short-Term Bond Index Fund ■ March 31, 2021
Principal | Issuer | Value | % of net assets | ||||||||||||
SHORT-TERM INVESTMENTS | |||||||||||||||
GOVERNMENT AGENCY DEBT | |||||||||||||||
Federal Agricultural Mortgage Corp (FAMC) | |||||||||||||||
$ | 6,750,000 | 0.010%, 04/01/21 | $ | 6,750,000 | 0.6 | % | |||||||||
6,750,000 | 0.6 | ||||||||||||||
Shares | Company | ||||||||||||||
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES | |||||||||||||||
48,683,289 | c | State Street Navigator Securities Lending Government Money Market Portfolio 0.030% | 48,683,289 | 4.6 | |||||||||||
48,683,289 | 4.6 | ||||||||||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $55,433,289) | 55,433,289 | 5.2 | |||||||||||||
TOTAL PORTFOLIO (Cost $1,109,127,915) | 1,115,864,775 | 104.7 | |||||||||||||
OTHER ASSETS & LIABILITIES, NET | (50,038,183 | ) | (4.7 | ) | |||||||||||
NET ASSETS | $ | 1,065,826,592 | 100.0 | % |
c | Investments made with cash collateral received from securities on loan. |
e | All or a portion of these securities are out on loan. The aggregate value of securities on loan is $47,703,659. See Note 4 in the Notes to financial statements for additional information about securities lending collateral. |
“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.
60 | 2021 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements |
Summary portfolio of investments
Money Market Fund ■ March 31, 2021
Principal | Issuer | Value | % of net assets | |||||||||||
SHORT-TERM INVESTMENTS | ||||||||||||||
GOVERNMENT AGENCY DEBT | ||||||||||||||
Federal Home Loan Bank (FHLB) | ||||||||||||||
$ | 40,816,000 | 0.010%, 04/07/21 | $ | 40,815,423 | 2.9 | % | ||||||||
26,028,000 | 0.010%, 04/21/21 | 26,026,771 | 1.8 | |||||||||||
23,000,000 | 0.010%, 04/28/21 | 22,999,655 | 1.6 | |||||||||||
21,200,000 | 0.010%, 05/04/21 | 21,198,737 | 1.5 | |||||||||||
39,000,000 | 0.010%, 05/05/21 | 38,997,790 | 2.7 | |||||||||||
11,000,000 | 0.010%, 05/10/21 | 10,999,643 | 0.8 | |||||||||||
11,753,000 | 0.010%, 05/26/21 | 11,752,188 | 0.8 | |||||||||||
13,000,000 | 0.040%, 05/26/21 | 12,999,891 | 0.9 | |||||||||||
24,293,000 | 0.010%, 06/02/21 | 24,291,559 | 1.7 | |||||||||||
11,500,000 | 0.010%, 06/07/21 | 11,499,037 | 0.8 | |||||||||||
11,500,000 | 0.045%, 06/07/21 | 11,499,927 | 0.8 | |||||||||||
13,500,000 | 0.045%, 06/08/21 | 13,499,976 | 0.9 | |||||||||||
15,504,000 | 0.010%, 06/11/21 | 15,503,236 | 1.1 | |||||||||||
13,000,000 | 0.045%, 06/15/21 | 12,999,907 | 0.9 | |||||||||||
26,900,000 | 0.010%, 06/18/21 | 26,899,092 | 1.9 | |||||||||||
18,180,000 | 0.010%, 06/22/21 | 18,179,586 | 1.3 | |||||||||||
13,500,000 | 0.050%, 07/12/21 | 13,499,779 | 0.9 | |||||||||||
28,000,000 | 0.040%, 09/29/21 | 27,999,169 | 2.0 | |||||||||||
88,332,000 | 0.010%–0.090%, 04/08/21–09/17/21 | 88,326,780 | 6.2 | |||||||||||
Other | 10,230,220 | 0.7 | ||||||||||||
460,218,366 | 32.2 | |||||||||||||
TREASURY DEBT | ||||||||||||||
United States Cash Management Bill | ||||||||||||||
18,513,000 | 0.010%, 06/08/21 | 18,509,999 | 1.3 | |||||||||||
13,533,000 | 0.010%, 06/22/21 | 13,530,712 | 0.9 | |||||||||||
16,000,000 | 0.010%, 07/06/21 | 15,997,393 | 1.1 | |||||||||||
66,721,000 | 0.010%, 07/20/21 | 66,716,691 | 4.7 | |||||||||||
14,500,000 | 0.010%, 07/27/21 | 14,498,603 | 1.0 | |||||||||||
14,099,000 | 0.020%, 06/15/21–06/29/21 | 14,096,564 | 1.0 | |||||||||||
United States Treasury Bill | ||||||||||||||
38,270,000 | 0.010%, 04/01/21 | 38,270,000 | 2.7 | |||||||||||
26,892,000 | 0.010%, 04/06/21 | 26,891,768 | 1.9 | |||||||||||
43,483,000 | 0.010%, 04/08/21 | 43,482,310 | 3.0 | |||||||||||
11,668,000 | 0.010%, 04/13/21 | 11,667,765 | 0.8 | |||||||||||
36,521,000 | 0.010%, 04/22/21 | 36,518,977 | 2.6 | |||||||||||
42,395,000 | 0.010%, 04/27/21 | 42,392,346 | 3.0 | |||||||||||
44,382,000 | 0.010%, 05/06/21 | 44,379,080 | 3.1 | |||||||||||
15,117,000 | 0.010%, 05/13/21 | 15,115,998 | 1.1 | |||||||||||
48,184,000 | 0.010%, 05/18/21 | 48,182,064 | 3.4 | |||||||||||
13,000,000 | 0.010%, 05/25/21 | 12,999,426 | 0.9 | |||||||||||
14,905,000 | 0.010%, 06/01/21 | 14,903,990 | 1.0 | |||||||||||
26,002,000 | 0.010%, 06/03/21 | 26,000,112 | 1.8 | |||||||||||
11,500,000 | 0.010%, 06/17/21 | 11,498,356 | 0.8 | |||||||||||
16,172,000 | 0.010%, 07/29/21 | 16,167,907 | 1.1 | |||||||||||
16,008,000 | 0.010%, 08/05/21 | 16,004,355 | 1.1 | |||||||||||
68,297,000 | 0.110%, 04/15/21-09/23/21 | 68,289,628 | 4.8 | |||||||||||
616,114,044 | 43.1 | |||||||||||||
VARIABLE RATE SECURITIES | ||||||||||||||
Federal Farm Credit Bank (FFCB) | ||||||||||||||
25,000,000 | i | 0.300%, 04/23/21, SOFR + 0.290% | 25,000,000 | 1.7 | ||||||||||
11,000,000 | i | 0.050%, 08/04/21, SOFR + 0.040% | 11,000,000 | 0.8 | ||||||||||
14,000,000 | i | 0.050%, 06/01/22, SOFR + 0.040% | 13,999,587 | 1.0 | ||||||||||
14,000,000 | i | 0.055%, 09/08/22, SOFR + 0.045% | 13,998,982 | 1.0 | ||||||||||
36,275,000 | i | 0.065%–0.200%, 10/15/21–10/21/22, | ||||||||||||
SOFR + 0.055%–SOFR + 0.190% | 36,275,000 | 2.5 |
Principal | Issuer | Value | % of net assets | |||||||||||
VARIABLE RATE SECURITIES—continued | ||||||||||||||
Federal Home Loan Bank (FHLB) | ||||||||||||||
$ | 47,500,000 | i | 0.240%, 04/13/21, SOFR + 0.230% | $ | 47,500,000 | 3.3 | % | |||||||
11,000,000 | i | 0.080%, 04/21/21, SOFR + 0.070% | 11,000,000 | 0.8 | ||||||||||
25,000,000 | i | 0.110%, 07/09/21, SOFR + 0.100% | 25,000,000 | 1.7 | ||||||||||
25,000,000 | i | 0.130%, 10/13/21, SOFR + 0.120% | 25,000,000 | 1.7 | ||||||||||
15,000,000 | i | 0.090%, 02/22/22, SOFR + 0.080% | 15,000,000 | 1.0 | ||||||||||
11,000,000 | i | 0.070%, 12/08/22, SOFR + 0.060% | 11,000,000 | 0.8 | ||||||||||
55,325,000 | i | 0.055%–0.100%, 05/14/21–10/05/22, | ||||||||||||
SOFR + 0.045%–SOFR + 0.090% | 55,325,000 | 4.0 | ||||||||||||
Federal Home Loan Mortgage Corp (FHLMC) | ||||||||||||||
20,000,000 | i | 0.105%–0.250%, 07/23/21–08/19/22, | ||||||||||||
SOFR + 0.095%–SOFR + 0.240% | 20,000,000 | 1.4 | ||||||||||||
Federal National Mortgage Association (FNMA) | ||||||||||||||
15,000,000 | i | 0.200%, 04/05/21, SOFR + 0.190% | 15,000,000 | 1.0 | ||||||||||
20,000,000 | i | 0.290%, 04/26/21, SOFR + 0.280% | 20,000,000 | 1.4 | ||||||||||
Other | 10,000,000 | 0.7 | ||||||||||||
355,098,569 | 24.8 | |||||||||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $1,431,430,979) | 1,431,430,979 | 100.1 | ||||||||||||
TOTAL PORTFOLIO (Cost $1,431,430,979) | 1,431,430,979 | 100.1 | ||||||||||||
OTHER ASSETS & LIABILITIES, NET | (1,687,037 | ) | (0.1 | ) | ||||||||||
NET ASSETS | $ | 1,429,743,942 | 100.0 | % |
Abbreviation(s):
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.
See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Annual Report | 61 |
Statements of assets and liabilities
TIAA-CREF Funds ■ March 31, 2021
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 | Money Market Fund | ||||||||||||||||||||||||||||||||||||||
ASSETS | |||||||||||||||||||||||||||||||||||||||||||||||||
Portfolio investments, at value*† | $ | 19,863,487,411 | $ | 9,973,246,942 | $ | 7,096,780,815 | $ | 6,183,572,716 | $ | 273,283,443 | $ | 50,781,664 | $ | 3,767,077,260 | $ | 3,418,849,932 | $ | 32,890,453 | $ | 2,153,206,566 | $ | 1,115,864,775 | $ | 1,431,430,979 | |||||||||||||||||||||||||
Cash§# | 2,774,260 | 50,264,325 | 23,643,184 | 34,699,640 | 5,641,660 | 312 | 4,013,102 | 107,303 | 92 | — | 1,137,824 | 58 | |||||||||||||||||||||||||||||||||||||
Receivable from securities transactions | 35,306,487 | 8,765,752 | 97,372,692 | 47,493,984 | — | 15,493 | 53,615,591 | — | — | 316,452 | 21,050,500 | — | |||||||||||||||||||||||||||||||||||||
Receivable for delayed delivery securities | — | 547,486,055 | 360,700,268 | 337,505,166 | — | — | — | — | 250,430 | 26,735,403 | — | — | |||||||||||||||||||||||||||||||||||||
Receivable from Fund shares sold | 142,820,783 | 60,076,740 | 11,677,559 | 45,536,653 | 10,601 | 9,723 | 51,546,675 | 14,799,518 | 13,908 | 9,797,308 | 11,099,698 | 457,339 | |||||||||||||||||||||||||||||||||||||
Dividends and interest receivable | 90,119,056 | 44,156,871 | 30,890,977 | 32,693,399 | 3,188,795 | 319,096 | 49,412,747 | 7,028,530 | 146,278 | 6,813,255 | 2,929,525 | 220,503 | |||||||||||||||||||||||||||||||||||||
Due from affiliates | 773,589 | 1,176,497 | — | 721,816 | 3,956 | 27,222 | 186,982 | 364,500 | 25,789 | 175,247 | 78,269 | 213,466 | |||||||||||||||||||||||||||||||||||||
Receivable for variation margin on open futures contracts | — | — | — | — | — | — | — | 351,172 | — | 1,807,542 | — | — | |||||||||||||||||||||||||||||||||||||
Unrealized appreciation on forward foreign currency contracts | — | 94,277 | 506,034 | 70,707 | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||
Other | 771,342 | 452,414 | 138,796 | 323,748 | 58,320 | 759 | — | 270,988 | 663 | 161,753 | 20,606 | — | |||||||||||||||||||||||||||||||||||||
Total assets | 20,136,052,928 | 10,685,719,873 | 7,621,710,325 | 6,682,617,829 | 282,186,775 | 51,154,269 | 3,925,852,357 | 3,441,771,943 | 33,327,613 | 2,199,013,526 | 1,152,181,197 | 1,432,322,345 | |||||||||||||||||||||||||||||||||||||
LIABILITIES | |||||||||||||||||||||||||||||||||||||||||||||||||
Management fees payable | 1,631,516 | 1,994,246 | 1,749,354 | 1,331,155 | 59,559 | 16,957 | 1,108,357 | 688,567 | 8,285 | 447,972 | 61,898 | 123,562 | |||||||||||||||||||||||||||||||||||||
Service agreement fees payable | 132,067 | 213,010 | 310,637 | 120,840 | 83 | 3,007 | 66,454 | 64,350 | 1,003 | 68,935 | 36,515 | 57,363 | |||||||||||||||||||||||||||||||||||||
Distribution fees payable | 11,377 | 24,395 | 68,246 | 65,605 | 57,733 | 1,464 | 61,706 | 33,156 | 558 | 35,107 | 994 | 71,805 | |||||||||||||||||||||||||||||||||||||
Due to affiliates | 64,955 | 37,033 | 29,635 | 30,566 | 9,337 | 13,565 | 26,742 | 25,361 | 13,536 | 21,695 | 18,213 | 19,414 | |||||||||||||||||||||||||||||||||||||
Overdraft payable | — | — | — | — | — | — | — | — | — | 589,528 | — | — | |||||||||||||||||||||||||||||||||||||
Payable for collateral for securities loaned | 47,264,181 | 21,209,160 | 47,966,951 | 8,330,743 | — | — | 40,248,079 | 713 | — | 1,300,874 | 48,683,289 | — | |||||||||||||||||||||||||||||||||||||
Payable for securities transactions | 211,260,160 | 55,265,307 | 70,135,629 | 62,971,069 | — | 249,962 | 15,000,000 | 21,856,215 | — | 6,120,945 | 35,913,808 | — | |||||||||||||||||||||||||||||||||||||
Payable for delayed delivery securities | 329,681,732 | 1,888,267,780 | 1,228,810,612 | 1,035,474,153 | 1,104,959 | — | 74,205,375 | — | 250,000 | 26,809,340 | 1,000,000 | — | |||||||||||||||||||||||||||||||||||||
Payable for Fund shares redeemed | 10,137,105 | 4,427,172 | 4,624,169 | 1,020,416 | 41,332 | 1,460 | 6,129,833 | 1,270,819 | 1,598 | 2,208,606 | 2,871 | 2,213,966 | |||||||||||||||||||||||||||||||||||||
Income distribution payable | 15,214,731 | 10,070,503 | 1,933,971 | 7,169,153 | 33,985 | 47,214 | 3,999,847 | — | 33,182 | 1,631,105 | 559,533 | 2,488 | |||||||||||||||||||||||||||||||||||||
Payable for variation margin on centrally cleared swap contracts | — | 155,280 | — | 712,550 | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||
Payable for trustee compensation | 774,510 | 459,976 | 139,909 | 324,979 | 58,383 | 758 | 323,358 | 271,677 | 659 | 173,673 | 20,554 | 591 | |||||||||||||||||||||||||||||||||||||
Accrued expenses and other payables | 633,474 | 372,848 | 331,626 | 242,563 | 38,016 | 17,527 | 285,027 | 86,315 | 22,301 | 119,639 | 56,930 | 89,214 | |||||||||||||||||||||||||||||||||||||
Total liabilities | 616,805,808 | 1,982,496,710 | 1,356,100,739 | 1,117,793,792 | 1,403,387 | 351,914 | 141,454,778 | 24,297,173 | 331,122 | 39,527,419 | 86,354,605 | 2,578,403 | |||||||||||||||||||||||||||||||||||||
NET ASSETS | $ | 19,519,247,120 | $ | 8,703,223,163 | $ | 6,265,609,586 | $ | 5,564,824,037 | $ | 280,783,388 | $ | 50,802,355 | $ | 3,784,397,579 | $ | 3,417,474,770 | $ | 32,996,491 | $ | 2,159,486,107 | $ | 1,065,826,592 | $ | 1,429,743,942 | |||||||||||||||||||||||||
NET ASSETS CONSIST OF: | |||||||||||||||||||||||||||||||||||||||||||||||||
Paid-in-capital | $ | 19,003,833,814 | $ | 8,557,365,328 | $ | 6,249,751,608 | $ | 5,426,303,538 | $ | 266,525,928 | $ | 49,755,262 | $ | 3,954,338,115 | $ | 3,121,747,734 | $ | 32,324,645 | $ | 2,142,916,663 | $ | 1,056,379,948 | $ | 1,429,699,925 | |||||||||||||||||||||||||
Total distributable earnings (loss) | 515,413,306 | 145,857,835 | 15,857,978 | 138,520,499 | 14,257,460 | 1,047,093 | (169,940,536 | ) | 295,727,036 | 671,846 | 16,569,444 | 9,446,644 | 44,017 | ||||||||||||||||||||||||||||||||||||
NET ASSETS | $ | 19,519,247,120 | $ | 8,703,223,163 | $ | 6,265,609,586 | $ | 5,564,824,037 | $ | 280,783,388 | $ | 50,802,355 | $ | 3,784,397,579 | $ | 3,417,474,770 | $ | 32,996,491 | $ | 2,159,486,107 | $ | 1,065,826,592 | $ | 1,429,743,942 | |||||||||||||||||||||||||
* | Includes securities loaned of | $ | 48,044,994 | $ | 20,582,500 | $ | 46,876,535 | $ | 8,114,934 | $ | — | $ | — | $ | 38,661,785 | $ | — | $ | — | $ | 1,271,445 | $ | 47,703,659 | $ | — | ||||||||||||||||||||||||
† | Portfolio investments, cost | $ | 19,347,211,830 | $ | 9,824,409,954 | $ | 7,046,424,368 | $ | 6,109,018,648 | $ | 260,300,066 | $ | 49,862,324 | $ | 3,645,959,556 | $ | 3,155,791,735 | $ | 32,379,476 | $ | 2,136,663,733 | $ | 1,109,127,915 | $ | 1,431,430,979 | ||||||||||||||||||||||||
§ | Includes cash collateral for mortgage dollar rolls of | $ | — | $ | 28,650,000 | $ | 25,927,560 | $ | 20,300,000 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||||||||
# | Includes cash collateral for open futures or open swap contracts of | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 400,000 | $ | — | $ | 839,000 | $ | — | $ | — |
62 | 2021 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements | See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Annual Report | 63 |
Statements of assets and liabilities | concluded |
TIAA-CREF Funds ■ March 31, 2021
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 | Money Market Fund | |||||||||||||||||||||||||||||||||||||
INSTITUTIONAL CLASS: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net assets | $ | 9,712,952,300 | $ | 2,825,827,931 | $ | 4,169,777,657 | $ | 1,608,212,521 | $ | 8,098,953 | $ | 27,694,283 | $ | 2,703,045,863 | $ | 1,209,994,987 | $ | 23,951,757 | $ | 666,049,960 | $ | 77,334,600 | $ | 811,301,566 | ||||||||||||||||||||||||
Outstanding shares of beneficial interest, unlimited shares authorized ($.0001 par value) | 871,617,278 | 265,366,720 | 398,052,664 | 148,587,513 | 743,085 | 2,606,691 | 283,745,658 | 98,828,199 | 2,337,434 | 63,643,948 | 7,649,159 | 811,272,023 | ||||||||||||||||||||||||||||||||||||
Net asset value per share | $ | 11.14 | $ | 10.65 | $ | 10.48 | $ | 10.82 | $ | 10.90 | $ | 10.62 | $ | 9.53 | $ | 12.24 | $ | 10.25 | $ | 10.47 | $ | 10.11 | $ | 1.00 | ||||||||||||||||||||||||
ADVISOR CLASS: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net assets | $ | 18,745,697 | $ | 753,974,853 | $ | 1,286,125,299 | $ | 208,320,661 | $ | 666,192 | $ | 1,570,002 | $ | 8,319,707 | $ | 123,505,118 | $ | 1,076,516 | $ | 230,355,233 | $ | 695,802 | $ | 1,017,764 | ||||||||||||||||||||||||
Outstanding shares of beneficial interest, unlimited shares authorized ($.0001 par value) | 1,682,113 | 70,756,794 | 122,702,455 | 19,230,182 | 61,156 | 147,774 | 874,110 | 10,086,241 | 105,060 | 22,020,529 | 68,851 | 1,017,710 | ||||||||||||||||||||||||||||||||||||
Net asset value per share | $ | 11.14 | $ | 10.66 | $ | 10.48 | $ | 10.83 | $ | 10.89 | $ | 10.62 | $ | 9.52 | $ | 12.24 | $ | 10.25 | $ | 10.46 | $ | 10.11 | $ | 1.00 | ||||||||||||||||||||||||
PREMIER CLASS: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net assets | $ | 28,866,847 | $ | 11,648,166 | $ | 32,891,121 | $ | 8,155,167 | $ | — | $ | 1,062,437 | $ | 20,200,281 | $ | 8,211,255 | $ | 1,024,710 | $ | 3,199,258 | $ | 633,316 | $ | 36,011,344 | ||||||||||||||||||||||||
Outstanding shares of beneficial interest, unlimited shares authorized ($.0001 par value) | 2,590,715 | 1,093,296 | 3,138,209 | 753,542 | — | 100,000 | 2,117,836 | 671,869 | 100,000 | 305,408 | 62,686 | 36,002,401 | ||||||||||||||||||||||||||||||||||||
Net asset value per share | $ | 11.14 | $ | 10.65 | $ | 10.48 | $ | 10.82 | $ | — | $ | 10.62 | $ | 9.54 | $ | 12.22 | $ | 10.25 | $ | 10.48 | $ | 10.10 | $ | 1.00 | ||||||||||||||||||||||||
RETIREMENT CLASS: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net assets | $ | 613,852,780 | $ | 210,938,210 | $ | 472,111,658 | $ | 397,965,542 | $ | — | $ | 14,133,388 | $ | 306,427,961 | $ | 178,969,742 | $ | 4,736,740 | $ | 142,260,837 | $179,544,886 | $ | 270,402,122 | |||||||||||||||||||||||||
Outstanding shares of beneficial interest, unlimited shares authorized ($.0001 par value) | 55,061,096 | 19,444,504 | 45,058,731 | 36,723,222 | — | 1,330,177 | 32,155,483 | 14,507,176 | 462,224 | 13,578,439 | 17,760,167 | 270,392,576 | ||||||||||||||||||||||||||||||||||||
Net asset value per share | $ | 11.15 | $ | 10.85 | $ | 10.48 | $ | 10.84 | $ | — | $ | 10.63 | $ | 9.53 | $ | 12.34 | $ | 10.25 | $ | 10.48 | $ | 10.11 | $ | 1.00 | ||||||||||||||||||||||||
RETAIL CLASS: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net assets | $ | 36,032,561 | $ | 107,280,099 | $ | 304,703,851 | $ | 302,270,123 | $272,018,243 | $ | 6,342,245 | $ | 276,792,015 | $ | 150,263,533 | $ | 2,206,768 | $ | 162,317,377 | $ | 4,318,050 | $ | 311,011,146 | |||||||||||||||||||||||||
Outstanding shares of beneficial interest, unlimited shares authorized ($.0001 par value) | 3,231,695 | 9,899,136 | 29,106,697 | 27,873,317 | 24,933,384 | 596,848 | 28,925,646 | 12,601,186 | 215,354 | 15,499,152 | 427,173 | 310,990,240 | ||||||||||||||||||||||||||||||||||||
Net asset value per share | $ | 11.15 | $ | 10.84 | $ | 10.47 | $ | 10.84 | $ | 10.91 | $ | 10.63 | $ | 9.57 | $ | 11.92 | $ | 10.25 | $ | 10.47 | $ | 10.11 | $ | 1.00 | ||||||||||||||||||||||||
CLASS W: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net assets | $ | 9,108,796,935 | $ | 4,793,553,904 | $ | — | $ | 3,039,900,023 | $ | — | $ | — | $ | 469,611,752 | $ | 1,746,530,135 | $ | — | $ | 955,303,442 | $803,299,938 | $ | — | |||||||||||||||||||||||||
Outstanding shares of beneficial interest, unlimited shares authorized ($.0001 par value) | 817,281,048 | 450,103,656 | — | 280,860,032 | — | — | 49,292,042 | 142,657,158 | — | 91,288,115 | 79,452,841 | — | ||||||||||||||||||||||||||||||||||||
Net asset value per share | $ | 11.15 | $ | 10.65 | $ | — | $ | 10.82 | $ | — | $ | — | $ | 9.53 | $ | 12.24 | $ | — | $ | 10.46 | $ | 10.11 | $ | — |
64 | 2021 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements | See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Annual Report | 65 |
TIAA-CREF Funds ■ For the year ended March 31, 2021
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 | Money Market Fund | ||||||||||||||||||||||||||||||||||||||
INVESTMENT INCOME | |||||||||||||||||||||||||||||||||||||||||||||||||
Interest* | $ | 391,269,052 | $ | 194,078,701 | $ | 127,882,631 | $ | 153,472,106 | $ | 7,049,836 | $ | 1,175,713 | $ | 205,223,125 | $ | 55,630,743 | $ | 726,033 | $ | 38,938,191 | $ | 11,703,458 | $ | 4,485,830 | |||||||||||||||||||||||||
Income from securities lending, net | 3,627 | 12,334 | 458 | 28,580 | — | — | 13,918 | 656 | — | 4,112 | — | — | |||||||||||||||||||||||||||||||||||||
Dividends | — | 40,782 | 2,517,505 | 599,091 | — | 64,034 | 2,243,582 | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||
Total income | 391,272,679 | 194,131,817 | 130,400,594 | 154,099,777 | 7,049,836 | 1,239,747 | 207,480,625 | 55,631,399 | 726,033 | 38,942,303 | 11,703,458 | 4,485,830 | |||||||||||||||||||||||||||||||||||||
EXPENSES | |||||||||||||||||||||||||||||||||||||||||||||||||
Management fees | 17,815,710 | 21,066,775 | 19,035,121 | 14,718,736 | 692,605 | 168,451 | 12,921,034 | 8,137,523 | 93,285 | 4,962,423 | 603,251 | 1,976,512 | |||||||||||||||||||||||||||||||||||||
Shareholder servicing – Institutional Class | 7,270 | 2,516 | 32,676 | 3,417 | 72 | 42 | 7,335 | 2,420 | 41 | 1,129 | 421 | 837 | |||||||||||||||||||||||||||||||||||||
Shareholder servicing – Advisor Class | 22,383 | 1,070,453 | 954,258 | 159,247 | 587 | 146 | 6,339 | 120,373 | 30 | 161,004 | 1,537 | — | |||||||||||||||||||||||||||||||||||||
Shareholder servicing – Premier Class | 53 | 40 | 7,872 | 26 | — | 20 | 46 | 28 | 20 | 19 | 30 | 5,416 | |||||||||||||||||||||||||||||||||||||
Shareholder servicing – Retirement Class | 1,372,401 | 563,815 | 1,310,543 | 1,043,638 | — | 27,084 | 782,295 | 466,069 | 10,136 | 344,684 | 313,437 | 839,197 | |||||||||||||||||||||||||||||||||||||
Shareholder servicing – Retail Class | 20,735 | 44,362 | 29,769 | 192,854 | 71,196 | 3,525 | 113,480 | 97,169 | 1,462 | 85,633 | 3,244 | 306,748 | |||||||||||||||||||||||||||||||||||||
Shareholder servicing – Class W | 4,596 | 2,491 | — | 1,825 | — | — | 640 | 1,246 | — | 589 | 665 | — | |||||||||||||||||||||||||||||||||||||
Distribution fees – Premier Class | 42,119 | 20,279 | 50,708 | 13,670 | — | 1,633 | 31,148 | 11,150 | 1,538 | 6,800 | 1,102 | 439,856 | |||||||||||||||||||||||||||||||||||||
Distribution fees – Retail Class | 88,629 | 277,263 | 673,328 | 772,756 | 674,308 | 11,617 | 702,289 | 376,341 | 3,958 | 425,527 | 10,101 | 822,332 | |||||||||||||||||||||||||||||||||||||
Administrative service fees | 311,490 | 173,786 | 141,574 | 142,478 | 43,326 | 62,632 | 123,850 | 118,388 | 62,483 | 99,424 | 84,869 | 90,578 | |||||||||||||||||||||||||||||||||||||
Shareholder reports | 271,343 | 215,109 | 247,734 | 79,768 | 12,965 | 10,565 | 173,871 | 67,480 | 20,995 | 74,286 | 17,116 | 35,480 | |||||||||||||||||||||||||||||||||||||
Trustee fees and expenses | 220,095 | 92,214 | 69,839 | 63,687 | 3,467 | 484 | 46,185 | 42,900 | 377 | 24,818 | 10,152 | 25,604 | |||||||||||||||||||||||||||||||||||||
Custody and accounting fees | 162,492 | 110,933 | 64,448 | 73,484 | 17,490 | 17,267 | 38,784 | 30,839 | 17,736 | 25,959 | 21,742 | 54,373 | |||||||||||||||||||||||||||||||||||||
Professional fees | 141,098 | 79,964 | 63,607 | 74,518 | 33,828 | 42,496 | 67,606 | 49,383 | 44,134 | 60,041 | 57,302 | 43,044 | |||||||||||||||||||||||||||||||||||||
Registration fees | 121,538 | 129,228 | 155,513 | 90,009 | 56,182 | 76,052 | 123,808 | 95,110 | 75,893 | 91,924 | 81,082 | 127,061 | |||||||||||||||||||||||||||||||||||||
Other expenses | 248,909 | 156,789 | 398,556 | 88,200 | 11,179 | 14,347 | 99,445 | (13,013 | ) | 14,094 | (2,234 | ) | 48,759 | 73,227 | |||||||||||||||||||||||||||||||||||
Total expenses | 20,850,861 | 24,006,017 | 23,235,546 | 17,518,313 | 1,617,205 | 436,361 | 15,238,155 | 9,603,406 | 346,182 | 6,362,026 | 1,254,810 | 4,840,265 | |||||||||||||||||||||||||||||||||||||
Less: Expenses reimbursed by the investment adviser | (8,060,986 | ) | (12,124,554 | ) | — | (7,924,821 | ) | (39,945 | ) | (222,478 | ) | (1,746,436 | ) | (3,459,336 | ) | (221,805 | ) | (2,216,393 | ) | (703,580 | ) | (1,831,777 | ) | ||||||||||||||||||||||||||
Fee waiver by investment adviser and Nuveen Securities | — | — | — | — | — | — | (560,127 | ) | (681,524 | ) | — | — | — | — | |||||||||||||||||||||||||||||||||||
Net expenses | 12,789,875 | 11,881,463 | 23,235,546 | 9,593,492 | 1,577,260 | 213,883 | 12,931,592 | 5,462,546 | 124,377 | 4,145,633 | 551,230 | 3,008,488 | |||||||||||||||||||||||||||||||||||||
Net investment income (loss) | 378,482,804 | 182,250,354 | 107,165,048 | 144,506,285 | 5,472,576 | 1,025,864 | 194,549,033 | 50,168,853 | 601,656 | 34,796,670 | 11,152,228 | 1,477,342 | |||||||||||||||||||||||||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON TOTAL INVESTMENTS | |||||||||||||||||||||||||||||||||||||||||||||||||
Realized gain (loss): | |||||||||||||||||||||||||||||||||||||||||||||||||
Portfolio investments | 105,003,966 | 91,430,982 | 83,231,186 | 84,003,711 | 1,262,775 | 750,757 | (75,107,989 | ) | 34,641,819 | 397,592 | 8,319,253 | 6,440,656 | 19,335 | ||||||||||||||||||||||||||||||||||||
Futures contracts | — | 17,246 | — | 1,115,866 | — | — | — | 311,076 | — | 993,730 | — | — | |||||||||||||||||||||||||||||||||||||
Forward foreign currency contracts | — | (450,240 | ) | (1,233,960 | ) | (538,588 | ) | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||
Swap contracts | — | 408,498 | — | (1,320,469 | ) | — | — | (40,129 | ) | — | — | — | — | — | |||||||||||||||||||||||||||||||||||
Foreign currency transactions | — | 119,440 | 120,347 | 37,653 | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||
Net realized gain (loss) on total investments | 105,003,966 | 91,525,926 | 82,117,573 | 83,298,173 | 1,262,775 | 750,757 | (75,148,118 | ) | 34,952,895 | 397,592 | 9,312,983 | 6,440,656 | 19,335 | ||||||||||||||||||||||||||||||||||||
Change in unrealized appreciation (depreciation) on: | |||||||||||||||||||||||||||||||||||||||||||||||||
Portfolio investments | (461,597,834 | ) | 93,528,075 | 43,270,106 | 131,988,586 | 9,721,080 | 849,043 | 545,888,369 | 165,608,719 | 980,867 | 33,038,185 | (6,917,171 | ) | — | |||||||||||||||||||||||||||||||||||
Futures contracts | — | (15,514 | ) | — | (454,835 | ) | — | — | — | 351,072 | — | 2,775,766 | — | — | |||||||||||||||||||||||||||||||||||
Forward foreign currency contracts | — | 129,989 | 538,806 | 120,039 | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||
Swap contracts | — | (626,933 | ) | — | (879,095 | ) | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||
Translation of assets (other than portfolio investments)and liabilities denominated in foreign currencies | — | 2,319 | 2,240 | 7,213 | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on total investments and from affiliated investments | (461,597,834 | ) | 93,017,936 | 43,811,152 | 130,781,908 | 9,721,080 | 849,043 | 545,888,369 | 165,959,791 | 980,867 | 35,813,951 | (6,917,171 | ) | — | |||||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) on total investments | (356,593,868 | ) | 184,543,862 | 125,928,725 | 214,080,081 | 10,983,855 | 1,599,800 | 470,740,251 | 200,912,686 | 1,378,459 | 45,126,934 | (476,515 | ) | 19,335 | |||||||||||||||||||||||||||||||||||
Net increase (decrease) in net assets from operations | $ | 21,888,936 | $ | 366,794,216 | $ | 233,093,773 | $ | 358,586,366 | $ | 16,456,431 | $ | 2,625,664 | $ | 665,289,284 | $ | 251,081,539 | $ | 1,980,115 | $ | 79,923,604 | $ | 10,675,713 | $ | 1,496,677 | |||||||||||||||||||||||||
* | Net of foreign withholding taxes of | $ | — | $ | 290,283 | $ | 67,220 | $ | 12,077 | $ | — | $ | 1,328 | $ | — | $ | — | $ | — | $ | 4,420 | $ | 819 | $ | — |
66 | 2021 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements | See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Annual Report | 67 |
Statements of changes in net assets
TIAA-CREF Funds ■ For the 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, 2021 | March 31, 2020 | March 31, 2021 | March 31, 2020 | March 31, 2021 | March 31, 2020 | March 31, 2021 | March 31, 2020 | March 31, 2021 | March 31, 2020 | March 31, 2021 | March 31, 2020 | |||||||||||||||||||||||||||||||||||||||
OPERATIONS | ||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | $ | 378,482,804 | $ | 426,699,181 | $ | 182,250,354 | $ | 206,216,727 | $ | 107,165,048 | $ | 111,031,689 | $ | 144,506,285 | $ | 151,004,336 | $ | 5,472,576 | $ | 6,079,693 | $ | 1,025,864 | $ | 941,056 | ||||||||||||||||||||||||||
Net realized gain (loss) on total investments | 105,003,966 | 79,162,493 | 91,525,926 | 116,527,146 | 82,117,573 | 73,921,740 | 83,298,173 | 91,375,019 | 1,262,775 | 1,197,718 | 750,757 | 252,339 | ||||||||||||||||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on total investments | (461,597,834 | ) | 896,860,957 | 93,017,936 | 9,041,471 | 43,811,152 | (33,488,210 | ) | 130,781,908 | (77,991,557 | ) | 9,721,080 | (2,288,242 | ) | 849,043 | (662,145 | ) | |||||||||||||||||||||||||||||||||
Net increase (decrease) in net assets from operations | 21,888,936 | 1,402,722,631 | 366,794,216 | 331,785,344 | 233,093,773 | 151,465,219 | 358,586,366 | 164,387,798 | 16,456,431 | 4,989,169 | 2,625,664 | 531,250 | ||||||||||||||||||||||||||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS | ||||||||||||||||||||||||||||||||||||||||||||||||||
Institutional Class | (276,146,082 | ) | (265,359,219 | ) | (92,991,478 | ) | (46,734,172 | ) | (164,369,131 | ) | (91,443,600 | ) | (52,937,053 | ) | (41,371,056 | ) | (168,185 | ) | (180,158 | ) | (1,008,735 | ) | (890,091 | ) | ||||||||||||||||||||||||||
Advisor Class | (570,964 | ) | (183,950 | ) | (31,108,715 | ) | (26,116,084 | ) | (55,232,430 | ) | (27,654,075 | ) | (7,057,943 | ) | (5,513,588 | ) | (17,922 | ) | (15,969 | ) | (54,126 | ) | (43,103 | ) | ||||||||||||||||||||||||||
Premier Class | (760,730 | ) | (611,330 | ) | (514,276 | ) | (394,913 | ) | (1,434,983 | ) | (1,146,121 | ) | (290,226 | ) | (314,466 | ) | — | — | (43,940 | ) | (40,562 | ) | ||||||||||||||||||||||||||||
Retirement Class | (14,523,431 | ) | (8,297,462 | ) | (8,635,361 | ) | (5,393,901 | ) | (21,278,761 | ) | (16,708,206 | ) | (13,174,662 | ) | (11,714,337 | ) | — | — | (454,533 | ) | (149,650 | ) | ||||||||||||||||||||||||||||
Retail Class | (915,835 | ) | (562,993 | ) | (4,180,968 | ) | (2,740,822 | ) | (11,232,764 | ) | (6,418,614 | ) | (9,539,184 | ) | (8,036,493 | ) | (6,124,364 | ) | (6,518,916 | ) | (186,041 | ) | (81,594 | ) | ||||||||||||||||||||||||||
Class W | (227,534,145 | ) | (151,945,788 | ) | (185,991,035 | ) | (122,216,339 | ) | — | — | (100,167,200 | ) | (81,104,619 | ) | — | — | — | — | ||||||||||||||||||||||||||||||||
Total distributions | (520,451,187 | ) | (426,960,742 | ) | (323,421,833 | ) | (203,596,231 | ) | (253,548,069 | ) | (143,370,616 | ) | (183,166,268 | ) | (148,054,559 | ) | (6,310,471 | ) | (6,715,043 | ) | (1,747,375 | ) | (1,205,000 | ) | ||||||||||||||||||||||||||
SHAREHOLDER TRANSACTIONS | ||||||||||||||||||||||||||||||||||||||||||||||||||
Subscriptions: | Institutional Class | 2,456,814,994 | 5,490,275,796 | 1,428,940,925 | 1,301,445,537 | 1,729,736,040 | 1,856,656,914 | 434,746,403 | 449,751,913 | 4,668,192 | 5,435,806 | 5,401,351 | 380,454 | |||||||||||||||||||||||||||||||||||||
Advisor Class | 14,768,747 | 18,130,840 | 164,685,889 | 186,995,009 | 857,862,283 | 683,834,162 | 46,635,258 | 51,442,418 | 76,220 | 787,190 | 465,033 | 59,981 | ||||||||||||||||||||||||||||||||||||||
Premier Class | 8,813,749 | 9,293,152 | 2,031,302 | 2,086,674 | 15,814,767 | 10,764,178 | 1,232,191 | 4,428,363 | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
Retirement Class | 201,302,428 | 207,108,501 | 28,199,126 | 47,033,782 | 14,749,094 | 84,616,901 | 41,833,062 | 28,148,084 | — | — | 9,873,545 | 6,489,787 | ||||||||||||||||||||||||||||||||||||||
Retail Class | 15,173,942 | 11,778,140 | 13,674,368 | 15,115,712 | 131,698,861 | 104,565,465 | 22,198,451 | 21,811,213 | 17,297,942 | 26,985,778 | 5,095,909 | 2,540,415 | ||||||||||||||||||||||||||||||||||||||
Class W | 4,005,490,787 | 2,292,367,122 | 1,910,560,846 | 1,158,055,113 | — | — | 1,083,646,811 | 526,319,799 | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
Reinvestments of distributions: | Institutional Class | 270,182,073 | 261,395,644 | 76,139,941 | 36,209,779 | 128,091,744 | 70,402,889 | 33,541,251 | 21,472,595 | 164,607 | 169,400 | 63,718 | 4,939 | |||||||||||||||||||||||||||||||||||||
Advisor Class | 567,980 | 181,359 | 29,097,804 | 24,982,508 | 31,788,074 | 13,477,226 | 3,351,025 | 2,667,923 | 15,417 | 13,338 | 7,490 | 278 | ||||||||||||||||||||||||||||||||||||||
Premier Class | 760,730 | 611,330 | 500,609 | 389,814 | 1,098,435 | 1,061,755 | 287,340 | 310,891 | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
Retirement Class | 14,523,122 | 8,295,590 | 8,634,601 | 5,393,098 | 21,276,448 | 16,689,375 | 13,174,631 | 11,711,291 | — | — | 410,582 | 109,270 | ||||||||||||||||||||||||||||||||||||||
Retail Class | 885,879 | 544,816 | 3,946,957 | 2,565,717 | 10,850,665 | 6,138,611 | 8,942,620 | 7,467,554 | 5,639,132 | 5,967,218 | 142,107 | 40,889 | ||||||||||||||||||||||||||||||||||||||
Class W | 62,702,755 | — | 79,899,081 | — | — | — | 21,371,561 | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
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 | (2,850,311,486 | ) | (2,765,152,186 | ) | (435,201,323 | ) | (634,579,619 | ) | (895,504,284 | ) | (665,978,746 | ) | (298,734,074 | ) | (352,405,136 | ) | (1,924,566 | ) | (5,553,151 | ) | (373,666 | ) | (30,224 | ) | |||||||||||||||||||||||||
Advisor Class | (13,078,849 | ) | (2,948,765 | ) | (364,694,452 | ) | (304,273,247 | ) | (524,644,076 | ) | (321,710,883 | ) | (61,987,935 | ) | (77,011,082 | ) | (418,058 | ) | (31,079 | ) | (158 | ) | (11,130 | ) | ||||||||||||||||||||||||||
Premier Class | (5,887,704 | ) | (6,829,307 | ) | (4,853,823 | ) | (3,844,290 | ) | (14,976,740 | ) | (18,488,933 | ) | (3,223,104 | ) | (6,089,997 | ) | — | — | — | — | ||||||||||||||||||||||||||||||
Retirement Class | (34,262,425 | ) | (44,889,881 | ) | (38,214,994 | ) | (44,219,481 | ) | (95,942,563 | ) | (47,197,376 | ) | (68,316,770 | ) | (83,387,505 | ) | — | — | (2,649,604 | ) | (1,457,080 | ) | ||||||||||||||||||||||||||||
Retail Class | (8,652,039 | ) | (5,627,595 | ) | (18,358,964 | ) | (23,281,135 | ) | (70,385,109 | ) | (50,543,751 | ) | (40,119,963 | ) | (42,086,558 | ) | (25,271,282 | ) | (32,891,370 | ) | (1,734,083 | ) | (1,072,003 | ) | ||||||||||||||||||||||||||
Class W | (681,946,493 | ) | (1,244,045,335 | ) | (829,185,907 | ) | (1,355,429,151 | ) | — | — | (415,757,207 | ) | (637,053,007 | ) | — | — | — | — | ||||||||||||||||||||||||||||||||
Net increase (decrease) from shareholder transactions | 3,457,848,190 | 4,230,489,221 | 2,055,801,986 | 541,802,001 | 1,341,513,639 | 1,744,287,787 | 822,821,551 | 256,133,628 | 247,604 | 883,130 | 16,702,224 | 7,055,576 | ||||||||||||||||||||||||||||||||||||||
Net increase (decrease) in net assets | 2,959,285,939 | 5,206,251,110 | 2,099,174,369 | 669,991,114 | 1,321,059,343 | 1,752,382,390 | 998,241,649 | 272,466,867 | 10,393,564 | (842,744 | ) | 17,580,513 | 6,381,826 | |||||||||||||||||||||||||||||||||||||
NET ASSETS | ||||||||||||||||||||||||||||||||||||||||||||||||||
Beginning 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 | ||||||||||||||||||||||||||||||||||||||
End of period | $ | 19,519,247,120 | $ | 16,559,961,181 | $ | 8,703,223,163 | $ | 6,604,048,794 | $ | 6,265,609,586 | $ | 4,944,550,243 | $ | 5,564,824,037 | $ | 4,566,582,388 | $ | 280,783,388 | $ | 270,389,824 | $ | 50,802,355 | $ | 33,221,842 |
68 | 2021 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements | See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Annual Report | 69 |
Statements of changes in net assets | continued |
TIAA-CREF Funds ■ For the 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, 2021 | March 31, 2020 | March 31, 2021 | March 31, 2020 | March 31, 2021 | March 31, 2020 | March 31, 2021 | March 31, 2020 | March 31, 2021 | March 31, 2020 | March 31, 2021 | March 31, 2020 | |||||||||||||||||||||||||||||||||||||||
CHANGE IN FUND SHARES | ||||||||||||||||||||||||||||||||||||||||||||||||||
Shares sold: | Institutional Class | 212,593,068 | 505,684,309 | 130,882,185 | 124,501,386 | 159,781,356 | 175,262,612 | 39,601,213 | 42,342,394 | 436,915 | 504,123 | 496,961 | 35,374 | |||||||||||||||||||||||||||||||||||||
Advisor Class | 1,271,130 | 1,630,998 | 15,027,739 | 17,563,405 | 79,188,356 | 64,510,714 | 4,250,982 | 4,827,676 | 6,973 | 71,964 | 42,486 | 5,609 | ||||||||||||||||||||||||||||||||||||||
Premier Class | 760,651 | 840,845 | 186,215 | 196,969 | 1,458,864 | 1,012,967 | 111,856 | 416,803 | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
Retirement Class | 17,385,750 | 18,643,496 | 2,526,492 | 4,314,914 | 1,356,443 | 8,073,731 | 3,802,018 | 2,637,017 | — | — | 904,324 | 605,385 | ||||||||||||||||||||||||||||||||||||||
Retail Class | 1,303,226 | 1,051,210 | 1,221,128 | 1,397,774 | 12,189,880 | 9,879,563 | 2,033,328 | 2,041,882 | 1,591,476 | 2,498,176 | 467,822 | 239,009 | ||||||||||||||||||||||||||||||||||||||
Class W | 346,154,733 | 207,099,777 | 174,118,451 | 109,382,527 | — | — | 98,562,739 | 49,564,623 | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
Shares reinvested: | Institutional Class | 23,346,381 | 23,443,172 | 6,942,626 | 3,401,988 | 11,835,090 | 6,638,919 | 3,041,603 | 2,013,996 | 15,177 | 15,654 | 5,853 | 467 | |||||||||||||||||||||||||||||||||||||
Advisor Class | 49,033 | 16,067 | 2,650,746 | 2,350,698 | 2,935,530 | 1,269,271 | 304,210 | 249,213 | 1,425 | 1,233 | 687 | 26 | ||||||||||||||||||||||||||||||||||||||
Premier Class | 65,733 | 54,849 | 45,590 | 36,687 | 101,390 | 100,205 | 26,118 | 29,190 | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
Retirement Class | 1,254,614 | 742,839 | 772,476 | 498,371 | 1,965,138 | 1,574,565 | 1,194,908 | 1,098,552 | — | — | 37,579 | 10,306 | ||||||||||||||||||||||||||||||||||||||
Retail Class | 76,497 | 48,851 | 353,481 | 237,254 | 1,003,502 | 579,508 | 810,686 | 699,175 | 520,327 | 552,056 | 13,008 | 3,852 | ||||||||||||||||||||||||||||||||||||||
Class W | 5,414,746 | — | 7,276,783 | — | — | — | 1,923,633 | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
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 | (245,929,801 | ) | (246,335,156 | ) | (39,781,010 | ) | (59,098,905 | ) | (83,146,337 | ) | (63,022,539 | ) | (27,352,873 | ) | (32,476,032 | ) | (180,027 | ) | (531,387 | ) | (34,476 | ) | (3,043 | ) | |||||||||||||||||||||||||
Advisor Class | (1,128,848 | ) | (262,054 | ) | (33,363,140 | ) | (28,823,372 | ) | (48,707,008 | ) | (30,344,713 | ) | (5,666,333 | ) | (7,239,390 | ) | (39,263 | ) | (2,818 | ) | (15 | ) | (1,019 | ) | ||||||||||||||||||||||||||
Premier Class | (509,261 | ) | (608,790 | ) | (443,450 | ) | (359,360 | ) | (1,383,780 | ) | (1,730,347 | ) | (292,902 | ) | (571,621 | ) | — | — | — | — | ||||||||||||||||||||||||||||||
Retirement Class | (2,962,781 | ) | (4,038,095 | ) | (3,423,565 | ) | (4,106,297 | ) | (8,874,038 | ) | (4,476,301 | ) | (6,234,753 | ) | (7,888,268 | ) | — | — | (243,413 | ) | (140,854 | ) | ||||||||||||||||||||||||||||
Retail Class | (745,599 | ) | (503,313 | ) | (1,649,105 | ) | (2,161,476 | ) | (6,521,498 | ) | (4,801,471 | ) | (3,665,830 | ) | (3,968,785 | ) | (2,338,800 | ) | (3,073,407 | ) | (159,392 | ) | (103,241 | ) | ||||||||||||||||||||||||||
Class W | (58,874,575 | ) | (110,397,101 | ) | (76,076,409 | ) | (128,181,424 | ) | — | — | (38,149,008 | ) | (59,926,625 | ) | — | — | — | — | ||||||||||||||||||||||||||||||||
Net increase (decrease) from shareholder transactions | 299,524,697 | 397,111,904 | 187,267,233 | 53,285,504 | 123,182,888 | 164,526,684 | 74,301,595 | 25,141,494 | 14,203 | 35,594 | 1,531,424 | 651,871 |
70 | 2021 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements | See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Annual Report | 71 |
Statements of changes in net assets | continued |
TIAA-CREF Funds ■ For the 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, 2021 | March 31, 2020 | March 31, 2021 | March 31, 2020 | March 31, 2021 | March 31, 2020 | March 31, 2021 | March 31, 2020 | March 31, 2021 | March 31, 2020 | March 31, 2021 | March 31, 2020 | |||||||||||||||||||||||||||||||||||||||
OPERATIONS | ||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | $ | 194,549,033 | $ | 213,407,740 | $ | 50,168,853 | $ | 87,250,770 | $ | 601,656 | $ | 764,756 | $ | 34,796,670 | $ | 57,671,522 | $ | 11,152,228 | $ | 13,802,460 | $ | 1,477,342 | $ | 25,743,869 | ||||||||||||||||||||||||||
Net realized gain (loss) on total investments | (75,148,118 | ) | (81,312,513 | ) | 34,952,895 | (5,983,205 | ) | 397,592 | 135,821 | 9,312,983 | 9,925,521 | 6,440,656 | 1,423,659 | 19,335 | 33,150 | |||||||||||||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on total investments | 545,888,369 | (400,276,400 | ) | 165,959,791 | 68,916,329 | 980,867 | (651,913 | ) | 35,813,951 | (16,722,758 | ) | (6,917,171 | ) | 12,013,817 | — | — | ||||||||||||||||||||||||||||||||||
Net increase (decrease) in net assets from operations | 665,289,284 | (268,181,173 | ) | 251,081,539 | 150,183,894 | 1,980,115 | 248,664 | 79,923,604 | 50,874,285 | 10,675,713 | 27,239,936 | 1,496,677 | 25,777,019 | |||||||||||||||||||||||||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS | ||||||||||||||||||||||||||||||||||||||||||||||||||
Institutional Class | (136,677,735 | ) | (156,775,764 | ) | (18,322,810 | ) | (33,779,302 | ) | (660,441 | ) | (742,680 | ) | (11,691,144 | ) | (21,580,011 | ) | (1,008,902 | ) | (1,137,079 | ) | (1,092,494 | ) | (13,826,085 | ) | ||||||||||||||||||||||||||
Advisor Class | (317,334 | ) | (598,508 | ) | (1,677,275 | ) | (2,868,106 | ) | (30,264 | ) | (33,334 | ) | (3,132,353 | ) | (3,997,186 | ) | (17,438 | ) | (16,334 | ) | (1,810 | ) | (35,729 | ) | ||||||||||||||||||||||||||
Premier Class | (1,028,780 | ) | (1,371,443 | ) | (90,185 | ) | (59,211 | ) | (27,415 | ) | (31,827 | ) | (72,374 | ) | (138,286 | ) | (10,323 | ) | (14,976 | ) | (180,624 | ) | (3,329,337 | ) | ||||||||||||||||||||||||||
Retirement Class | (15,172,810 | ) | (19,700,573 | ) | (2,046,885 | ) | (3,627,124 | ) | (106,548 | ) | (68,395 | ) | (2,027,413 | ) | (2,927,141 | ) | (1,568,583 | ) | (1,307,867 | ) | (141,850 | ) | (3,880,553 | ) | ||||||||||||||||||||||||||
Retail Class | (13,517,178 | ) | (17,297,682 | ) | (1,633,050 | ) | (2,470,621 | ) | (42,124 | ) | (32,246 | ) | (2,444,158 | ) | (3,989,884 | ) | (48,338 | ) | (54,871 | ) | (61,319 | ) | (4,671,118 | ) | ||||||||||||||||||||||||||
Class W | (27,886,439 | ) | (16,961,016 | ) | (25,359,464 | ) | (29,288,645 | ) | — | — | (16,803,651 | ) | (25,047,525 | ) | (10,844,607 | ) | (11,272,600 | ) | — | — | ||||||||||||||||||||||||||||||
Total distributions | (194,600,276 | ) | (212,704,986 | ) | (49,129,669 | ) | (72,093,009 | ) | (866,792 | ) | (908,482 | ) | (36,171,093 | ) | (57,680,033 | ) | (13,498,191 | ) | (13,803,727 | ) | (1,478,097 | ) | (25,742,822 | ) | ||||||||||||||||||||||||||
SHAREHOLDER TRANSACTIONS | ||||||||||||||||||||||||||||||||||||||||||||||||||
Subscriptions: | Institutional Class | 1,222,458,027 | 953,544,394 | 252,784,435 | 370,872,285 | 1,366,411 | 1,864,571 | 245,990,712 | 316,381,053 | 31,834,826 | 23,681,868 | 442,102,990 | 711,438,174 | |||||||||||||||||||||||||||||||||||||
Advisor Class | 7,973,217 | 10,546,605 | 47,012,800 | 34,417,666 | 85,467 | 117,000 | 121,218,722 | 31,669,297 | 1,253,362 | 32,688 | 92,843 | 1,814,498 | ||||||||||||||||||||||||||||||||||||||
Premier Class | 3,356,122 | 17,953,706 | 7,147,889 | 494,218 | — | — | 1,954,283 | 1,228,125 | 184,844 | 469,631 | 189,053,632 | 770,453,136 | ||||||||||||||||||||||||||||||||||||||
Retirement Class | 20,428,838 | 34,167,269 | 8,482,886 | 7,678,913 | 2,004,385 | 2,612,800 | 52,232,704 | 35,095,731 | 102,837,518 | 33,890,532 | 176,643,982 | 251,414,975 | ||||||||||||||||||||||||||||||||||||||
Retail Class | 45,326,476 | 76,570,048 | 28,240,214 | 28,304,167 | 1,129,866 | 401,322 | 10,137,654 | 11,194,452 | 2,319,801 | 1,127,424 | 131,431,955 | 176,250,137 | ||||||||||||||||||||||||||||||||||||||
Class W | 253,074,356 | 226,932,938 | 594,234,969 | 334,044,122 | — | — | 337,947,693 | 196,819,835 | 336,940,643 | 204,033,031 | — | — | ||||||||||||||||||||||||||||||||||||||
Reinvestments of distributions: | Institutional Class | 117,068,736 | 139,449,157 | 17,546,587 | 32,467,835 | 52,403 | 42,274 | 8,290,525 | 16,974,392 | 1,008,778 | 1,136,856 | 1,089,610 | 13,820,523 | |||||||||||||||||||||||||||||||||||||
Advisor Class | 294,228 | 569,031 | 704,677 | 1,084,423 | 1,340 | — | 1,401,068 | 1,292,012 | 15,997 | 14,254 | 1,683 | 33,881 | ||||||||||||||||||||||||||||||||||||||
Premier Class | 1,028,264 | 1,369,665 | 90,185 | 59,210 | — | — | 72,374 | 137,957 | 6,795 | 9,807 | 162,176 | 2,923,593 | ||||||||||||||||||||||||||||||||||||||
Retirement Class | 15,172,222 | 19,699,391 | 2,046,885 | 3,627,104 | 80,152 | 37,542 | 2,027,418 | 2,926,726 | 1,568,471 | 1,307,668 | 141,848 | 3,880,484 | ||||||||||||||||||||||||||||||||||||||
Retail Class | 12,611,107 | 16,058,947 | 1,455,235 | 2,132,293 | 15,443 | 2,131 | 2,261,446 | 3,685,718 | 47,504 | 53,229 | 60,308 | 4,587,321 | ||||||||||||||||||||||||||||||||||||||
Class W | 57 | 55 | — | — | — | — | 582,474 | — | 1,818,242 | — | — | — | ||||||||||||||||||||||||||||||||||||||
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 | (1,243,758,639 | ) | (1,565,459,484 | ) | (845,770,706 | ) | (464,145,376 | ) | (444,397 | ) | (1,889,649 | ) | (219,612,183 | ) | (680,708,184 | ) | (10,057,422 | ) | (15,141,855 | ) | (721,317,556 | ) | (340,184,651 | ) | |||||||||||||||||||||||||
Advisor Class | (5,357,880 | ) | (19,433,750 | ) | (74,266,672 | ) | (245,631,580 | ) | (35,749 | ) | (117,116 | ) | (65,633,564 | ) | (130,337,661 | ) | (1,212,889 | ) | (285,826 | ) | (301,415 | ) | (2,050,015 | ) | ||||||||||||||||||||||||||
Premier Class | (6,241,565 | ) | (29,342,822 | ) | (2,459,784 | ) | (1,052,865 | ) | — | — | (3,147,829 | ) | (5,687,013 | ) | (178,048 | ) | (513,378 | ) | (594,582,716 | ) | (360,216,040 | ) | ||||||||||||||||||||||||||||
Retirement Class | (63,843,003 | ) | (99,064,417 | ) | (31,262,593 | ) | (50,079,336 | ) | (733,177 | ) | (399,064 | ) | (27,612,058 | ) | (34,871,830 | ) | (7,581,019 | ) | (5,546,960 | ) | (237,349,564 | ) | (135,300,369 | ) | ||||||||||||||||||||||||||
Retail Class | (86,368,883 | ) | (105,725,044 | ) | (37,204,304 | ) | (49,560,761 | ) | (216,967 | ) | (261,755 | ) | (27,434,464 | ) | (44,004,518 | ) | (1,153,267 | ) | (779,386 | ) | (152,538,312 | ) | (158,241,194 | ) | ||||||||||||||||||||||||||
Class W | (226,865,222 | ) | (101,632,859 | ) | (180,734,642 | ) | (241,266,373 | ) | — | — | (135,289,102 | ) | (300,990,048 | ) | (65,686,930 | ) | (78,395,800 | ) | — | — | ||||||||||||||||||||||||||||||
Net increase (decrease) from shareholder transactions | 66,356,458 | (423,797,170 | ) | (211,951,939 | ) | 255,079,692 | 3,305,177 | 2,410,056 | 305,387,873 | (167,998,220 | ) | 393,967,206 | 165,093,783 | (765,308,536 | ) | 940,624,453 | ||||||||||||||||||||||||||||||||||
Net increase (decrease) in net assets | 537,045,466 | (904,683,329 | ) | (10,000,069 | ) | 333,170,577 | 4,418,500 | 1,750,238 | 349,140,384 | (174,803,968 | ) | 391,144,728 | 178,529,992 | (765,289,956 | ) | 940,658,650 | ||||||||||||||||||||||||||||||||||
NET ASSETS | ||||||||||||||||||||||||||||||||||||||||||||||||||
Beginning 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 | ||||||||||||||||||||||||||||||||||||||
End of period | $ | 3,784,397,579 | $ | 3,247,352,113 | $ | 3,417,474,770 | $ | 3,427,474,839 | $ | 32,996,491 | $ | 28,577,991 | $ | 2,159,486,107 | $ | 1,810,345,723 | $ | 1,065,826,592 | $ | 674,681,864 | $ | 1,429,743,942 | $ | 2,195,033,898 |
72 | 2021 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements | See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Annual Report | 73 |
Statements of changes in net assets | concluded |
TIAA-CREF Funds ■ For the 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, 2021 | March 31, 2020 | March 31, 2021 | March 31, 2020 | March 31, 2021 | March 31, 2020 | March 31, 2021 | March 31, 2020 | March 31, 2021 | March 31, 2020 | March 31, 2021 | March 31, 2020 | |||||||||||||||||||||||||||||||||||||||
CHANGE IN FUND SHARES | ||||||||||||||||||||||||||||||||||||||||||||||||||
Shares sold: | Institutional Class | 132,386,946 | 98,427,976 | 20,863,995 | 32,168,942 | 133,194 | 184,073 | 23,523,971 | 30,574,618 | 3,134,042 | 2,368,426 | 442,102,990 | 711,438,174 | |||||||||||||||||||||||||||||||||||||
Advisor Class | 868,826 | 1,088,094 | 3,882,496 | 2,980,603 | 8,420 | 11,550 | 11,606,447 | 3,077,699 | 123,074 | 3,269 | 92,843 | 1,814,498 | ||||||||||||||||||||||||||||||||||||||
Premier Class | 361,343 | 1,850,883 | 601,096 | 43,148 | — | — | 188,131 | 118,364 | 18,212 | 46,947 | 189,053,632 | 770,453,136 | ||||||||||||||||||||||||||||||||||||||
Retirement Class | 2,219,208 | 3,528,411 | 695,853 | 665,136 | 195,234 | 257,557 | 4,993,483 | 3,387,443 | 10,126,991 | 3,390,855 | 176,643,982 | 251,414,975 | ||||||||||||||||||||||||||||||||||||||
Retail Class | 4,897,348 | 7,900,851 | 2,394,559 | 2,531,468 | 109,891 | 39,814 | 969,690 | 1,079,271 | 228,273 | 112,685 | 131,431,955 | 176,250,137 | ||||||||||||||||||||||||||||||||||||||
Class W | 28,164,616 | 25,589,539 | 49,062,320 | 29,083,259 | — | — | 32,295,855 | 19,027,349 | 33,149,034 | 20,431,018 | — | — | ||||||||||||||||||||||||||||||||||||||
Shares reinvested: | Institutional Class | 12,632,844 | 14,549,599 | 1,443,612 | 2,839,344 | 5,102 | 4,164 | 792,090 | 1,637,492 | 99,260 | 113,584 | 1,089,610 | 13,820,523 | |||||||||||||||||||||||||||||||||||||
Advisor Class | 31,682 | 59,101 | 57,946 | 94,594 | 130 | — | 133,894 | 124,574 | 1,574 | 1,425 | 1,683 | 33,881 | ||||||||||||||||||||||||||||||||||||||
Premier Class | 111,053 | 142,733 | 7,430 | 5,185 | — | — | 6,913 | 13,302 | 669 | 980 | 162,176 | 2,923,593 | ||||||||||||||||||||||||||||||||||||||
Retirement Class | 1,639,517 | 2,055,121 | 167,054 | 314,659 | 7,804 | 3,700 | 193,472 | 281,999 | 154,357 | 130,614 | 141,847 | 3,880,484 | ||||||||||||||||||||||||||||||||||||||
Retail Class | 1,357,361 | 1,669,228 | 122,815 | 191,224 | 1,503 | 211 | 216,004 | 355,163 | 4,675 | 5,320 | 60,308 | 4,587,321 | ||||||||||||||||||||||||||||||||||||||
Class W | 6 | 6 | — | — | — | — | 55,421 | — | 179,314 | — | — | — | ||||||||||||||||||||||||||||||||||||||
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 | (134,357,349 | ) | (163,217,798 | ) | (70,083,018 | ) | (40,319,460 | ) | (43,161 | ) | (187,450 | ) | (20,987,233 | ) | (65,306,829 | ) | (991,195 | ) | (1,514,286 | ) | (721,317,556 | ) | (340,184,650 | ) | |||||||||||||||||||||||||
Advisor Class | (585,602 | ) | (2,037,439 | ) | (6,137,928 | ) | (21,309,409 | ) | (3,490 | ) | (11,550 | ) | (6,281,143 | ) | (12,568,632 | ) | (119,532 | ) | (28,539 | ) | (301,415 | ) | (2,050,015 | ) | ||||||||||||||||||||||||||
Premier Class | (670,159 | ) | (3,060,252 | ) | (202,960 | ) | (91,940 | ) | — | — | (299,786 | ) | (548,782 | ) | (17,576 | ) | (50,791 | ) | (594,582,716 | ) | (360,216,040 | ) | ||||||||||||||||||||||||||||
Retirement Class | (6,897,819 | ) | (10,475,887 | ) | (2,571,756 | ) | (4,330,693 | ) | (71,390 | ) | (39,245 | ) | (2,636,569 | ) | (3,368,106 | ) | (744,216 | ) | (554,513 | ) | (237,349,564 | ) | (135,300,368 | ) | ||||||||||||||||||||||||||
Retail Class | (9,356,735 | ) | (11,160,257 | ) | (3,165,478 | ) | (4,416,306 | ) | (21,077 | ) | (25,915 | ) | (2,622,580 | ) | (4,252,428 | ) | (113,556 | ) | (77,844 | ) | (152,538,312 | ) | (158,241,194 | ) | ||||||||||||||||||||||||||
Class W | (24,192,680 | ) | (10,481,975 | ) | (14,922,941 | ) | (20,867,113 | ) | — | — | (12,972,205 | ) | (29,079,631 | ) | (6,466,461 | ) | (7,795,300 | ) | — | — | ||||||||||||||||||||||||||||||
Net increase (decrease) from shareholder transactions | 8,610,406 | (43,572,066 | ) | (17,784,905 | ) | 22,916,262 | 322,160 | 236,909 | 29,175,855 | (15,717,380 | ) | 38,766,939 | 16,583,850 | (765,308,537 | ) | 940,624,455 |
74 | 2021 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds | See notes to financial statements | See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Annual Report | 75 |
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: | 3/31/21 | $ | 11.40 | $ | 0.24 | $ | (0.17 | ) | $ | 0.07 | $ | (0.24 | ) | $ | (0.09 | ) | $ | (0.33 | ) | $ | 11.14 | |||||||||||||
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 | |||||||||||||||||||||||
Advisor Class: | 3/31/21 | 11.41 | 0.23 | (0.18 | ) | 0.05 | (0.23 | ) | (0.09 | ) | (0.32 | ) | 11.14 | |||||||||||||||||||||
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 | |||||||||||||||||||||||
Premier Class: | 3/31/21 | 11.40 | 0.22 | (0.16 | ) | 0.06 | (0.23 | ) | (0.09 | ) | (0.32 | ) | 11.14 | |||||||||||||||||||||
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 | |||||||||||||||||||||||
Retirement Class: | 3/31/21 | 11.41 | 0.21 | (0.17 | ) | 0.04 | (0.21 | ) | (0.09 | ) | (0.30 | ) | 11.15 | |||||||||||||||||||||
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 | ||||||||||||||||||||||
Retail Class: | 3/31/21 | 11.41 | 0.21 | (0.17 | ) | 0.04 | (0.21 | ) | (0.09 | ) | (0.30 | ) | 11.15 | |||||||||||||||||||||
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 | ||||||||||||||||||||||
Class W: | 3/31/21 | 11.41 | 0.25 | (0.16 | ) | 0.09 | (0.26 | ) | (0.09 | ) | (0.35 | ) | 11.15 | |||||||||||||||||||||
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: | 3/31/21 | 10.48 | 0.25 | 0.37 | 0.62 | (0.25 | ) | (0.20 | ) | (0.45 | ) | 10.65 | ||||||||||||||||||||||
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 | ||||||||||||||||||||||
Advisor Class: | 3/31/21 | 10.49 | 0.24 | 0.36 | 0.60 | (0.23 | ) | (0.20 | ) | (0.43 | ) | 10.66 | ||||||||||||||||||||||
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 | ||||||||||||||||||||||
Premier Class: | 3/31/21 | 10.49 | 0.23 | 0.36 | 0.59 | (0.23 | ) | (0.20 | ) | (0.43 | ) | 10.65 | ||||||||||||||||||||||
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 | ||||||||||||||||||||||
Retirement Class: | 3/31/21 | 10.67 | 0.23 | 0.37 | 0.60 | (0.22 | ) | (0.20 | ) | (0.42 | ) | 10.85 | ||||||||||||||||||||||
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 | ||||||||||||||||||||||
Retail Class: | 3/31/21 | 10.66 | 0.22 | 0.38 | 0.60 | (0.22 | ) | (0.20 | ) | (0.42 | ) | 10.84 | ||||||||||||||||||||||
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 | ||||||||||||||||||||||
Class W: | 3/31/21 | 10.48 | 0.28 | 0.37 | 0.65 | (0.28 | ) | (0.20 | ) | (0.48 | ) | 10.65 | ||||||||||||||||||||||
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 |
76 | 2021 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: | 3/31/21 | 0.46 | % | $ | 9,712,952 | 0.11 | % | 0.11 | % | 2.09 | % | 29 | % | 29 | % | |||||||||||||||
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 | |||||||||||||||||||||||
Advisor Class: | 3/31/21 | 0.36 | 18,746 | 0.21 | 0.21 | 1.98 | 29 | 29 | ||||||||||||||||||||||
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 | |||||||||||||||||||||||
Premier Class: | 3/31/21 | 0.40 | 28,867 | 0.26 | 0.26 | 1.94 | 29 | 29 | ||||||||||||||||||||||
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 | |||||||||||||||||||||||
Retirement Class: | 3/31/21 | 0.30 | 613,853 | 0.36 | 0.36 | 1.84 | 29 | 29 | ||||||||||||||||||||||
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 | ||||||||||||||||||||||
Retail Class: | 3/31/21 | 0.24 | 36,033 | 0.42 | 0.42 | 1.78 | 29 | 29 | ||||||||||||||||||||||
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 | ||||||||||||||||||||||
Class W: | 3/31/21 | 0.66 | 9,108,797 | 0.11 | 0.00 | 2.19 | 29 | 29 | ||||||||||||||||||||||
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: | 3/31/21 | 5.84 | 2,825,828 | 0.29 | 0.29 | 2.27 | 229 | 117 | ||||||||||||||||||||||
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 | |||||||||||||||||||||||
Advisor Class: | 3/31/21 | 5.70 | 753,975 | 0.42 | 0.42 | 2.16 | 229 | 117 | ||||||||||||||||||||||
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 | |||||||||||||||||||||||
Premier Class: | 3/31/21 | 5.58 | 11,648 | 0.44 | 0.44 | 2.13 | 229 | 117 | ||||||||||||||||||||||
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 | |||||||||||||||||||||||
Retirement Class: | 3/31/21 | 5.51 | 210,938 | 0.54 | 0.54 | 2.03 | 229 | 117 | ||||||||||||||||||||||
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 | |||||||||||||||||||||||
Retail Class: | 3/31/21 | 5.47 | 107,280 | 0.58 | 0.58 | 1.99 | 229 | 117 | ||||||||||||||||||||||
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 | |||||||||||||||||||||||
Class W: | 3/31/21 | 6.15 | 4,793,554 | 0.29 | 0.00 | 2.56 | 229 | 117 | ||||||||||||||||||||||
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 ■ 2021 Annual Report | 77 |
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: | 3/31/21 | $ | 10.41 | $ | 0.21 | $ | 0.33 | $ | 0.54 | $ | (0.21 | ) | $ | (0.26 | ) | $ | (0.47 | ) | $ | 10.48 | ||||||||||||||
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 | ||||||||||||||||||||||
Advisor Class: | 3/31/21 | 10.42 | 0.20 | 0.32 | 0.52 | (0.20 | ) | (0.26 | ) | (0.46 | ) | 10.48 | ||||||||||||||||||||||
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 | ||||||||||||||||||||||
Premier Class: | 3/31/21 | 10.42 | 0.19 | 0.32 | 0.51 | (0.19 | ) | (0.26 | ) | (0.45 | ) | 10.48 | ||||||||||||||||||||||
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 | ||||||||||||||||||||||
Retirement Class: | 3/31/21 | 10.41 | 0.18 | 0.33 | 0.51 | (0.18 | ) | (0.26 | ) | (0.44 | ) | 10.48 | ||||||||||||||||||||||
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 | ||||||||||||||||||||||
Retail Class: | 3/31/21 | 10.40 | 0.18 | 0.33 | 0.51 | (0.18 | ) | (0.26 | ) | (0.44 | ) | 10.47 | ||||||||||||||||||||||
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 | ||||||||||||||||||||||
CORE PLUS BOND FUND | ||||||||||||||||||||||||||||||||||
Institutional Class: | 3/31/21 | 10.38 | 0.29 | 0.52 | 0.81 | (0.29 | ) | (0.08 | ) | (0.37 | ) | 10.82 | ||||||||||||||||||||||
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 | ||||||||||||||||||||||
Advisor Class: | 3/31/21 | 10.39 | 0.29 | 0.51 | 0.80 | (0.28 | ) | (0.08 | ) | (0.36 | ) | 10.83 | ||||||||||||||||||||||
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 | |||||||||||||||||||||||
Premier Class: | 3/31/21 | 10.38 | 0.28 | 0.51 | 0.79 | (0.27 | ) | (0.08 | ) | (0.35 | ) | 10.82 | ||||||||||||||||||||||
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 | ||||||||||||||||||||||
Retirement Class: | 3/31/21 | 10.40 | 0.27 | 0.51 | 0.78 | (0.26 | ) | (0.08 | ) | (0.34 | ) | 10.84 | ||||||||||||||||||||||
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 | ||||||||||||||||||||||
Retail Class: | 3/31/21 | 10.40 | 0.26 | 0.52 | 0.78 | (0.26 | ) | (0.08 | ) | (0.34 | ) | 10.84 | ||||||||||||||||||||||
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 | ||||||||||||||||||||||
Class W: | 3/31/21 | 10.38 | 0.32 | 0.52 | 0.84 | (0.32 | ) | (0.08 | ) | (0.40 | ) | 10.82 | ||||||||||||||||||||||
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 |
78 | 2021 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: | 3/31/21 | 5.13 | % | $ | 4,169,777 | 0.35 | % | 0.35 | % | 1.92 | % | 293 | % | 186 | % | |||||||||||||||
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 | |||||||||||||||||||||||
Advisor Class: | 3/31/21 | 4.95 | 1,286,125 | 0.43 | 0.43 | 1.83 | 293 | 186 | ||||||||||||||||||||||
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 | |||||||||||||||||||||||
Premier Class: | 3/31/21 | 4.85 | 32,891 | 0.53 | 0.53 | 1.76 | 293 | 186 | ||||||||||||||||||||||
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 | |||||||||||||||||||||||
Retirement Class: | 3/31/21 | 4.87 | 472,112 | 0.60 | 0.60 | 1.69 | 293 | 186 | ||||||||||||||||||||||
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 | |||||||||||||||||||||||
Retail Class: | 3/31/21 | 4.87 | 304,704 | 0.61 | 0.61 | 1.67 | 293 | 186 | ||||||||||||||||||||||
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 | |||||||||||||||||||||||
CORE PLUS BOND FUND | ||||||||||||||||||||||||||||||
Institutional Class: | 3/31/21 | 7.83 | 1,608,213 | 0.30 | 0.30 | 2.66 | 169 | 84 | ||||||||||||||||||||||
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 | |||||||||||||||||||||||
Advisor Class: | 3/31/21 | 7.74 | 208,321 | 0.37 | 0.37 | 2.60 | 169 | 84 | ||||||||||||||||||||||
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 | |||||||||||||||||||||||
Premier Class: | 3/31/21 | 7.67 | 8,155 | 0.45 | 0.45 | 2.53 | 169 | 84 | ||||||||||||||||||||||
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 | |||||||||||||||||||||||
Retirement Class: | 3/31/21 | 7.55 | 397,965 | 0.55 | 0.55 | 2.42 | 169 | 84 | ||||||||||||||||||||||
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 | |||||||||||||||||||||||
Retail Class: | 3/31/21 | 7.48 | 302,270 | 0.61 | 0.61 | 2.36 | 169 | 84 | ||||||||||||||||||||||
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 | |||||||||||||||||||||||
Class W: | 3/31/21 | 8.14 | 3,039,900 | 0.30 | 0.00 | 2.95 | 169 | 84 | ||||||||||||||||||||||
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 ■ 2021 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 | |||||||||||||||||||||||||
5–15 YEAR LADDERED TAX-EXEMPT BOND FUND | ||||||||||||||||||||||||||||||||||
Institutional Class: | 3/31/21 | $ | 10.50 | $ | 0.24 | $ | 0.43 | $ | 0.67 | $ | (0.24 | ) | $ | (0.03 | ) | $ | (0.27 | ) | $ | 10.90 | ||||||||||||||
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 | |||||||||||||||||||||
Advisor Class: | 3/31/21 | 10.50 | 0.23 | 0.42 | 0.65 | (0.23 | ) | (0.03 | ) | (0.26 | ) | 10.89 | ||||||||||||||||||||||
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 | |||||||||||||||||||||
Retail Class: | 3/31/21 | 10.51 | 0.21 | 0.43 | 0.64 | (0.21 | ) | (0.03 | ) | (0.24 | ) | 10.91 | ||||||||||||||||||||||
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 | |||||||||||||||||||||
GREEN BOND FUND | ||||||||||||||||||||||||||||||||||
Institutional Class: | 3/31/21 | 10.22 | 0.27 | 0.58 | 0.85 | (0.27 | ) | (0.18 | ) | (0.45 | ) | 10.62 | ||||||||||||||||||||||
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: | 3/31/21 | 10.22 | 0.27 | 0.58 | 0.85 | (0.27 | ) | (0.18 | ) | (0.45 | ) | 10.62 | ||||||||||||||||||||||
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: | 3/31/21 | 10.22 | 0.26 | 0.58 | 0.84 | (0.26 | ) | (0.18 | ) | (0.44 | ) | 10.62 | ||||||||||||||||||||||
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: | 3/31/21 | 10.22 | 0.26 | 0.59 | 0.85 | (0.26 | ) | (0.18 | ) | (0.44 | ) | 10.63 | ||||||||||||||||||||||
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: | 3/31/21 | 10.22 | 0.24 | 0.59 | 0.83 | (0.24 | ) | (0.18 | ) | (0.42 | ) | 10.63 | ||||||||||||||||||||||
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 |
80 | 2021 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: | 3/31/21 | 6.48 | % | $ | 8,099 | 0.32 | % | 0.30 | % | 2.24 | % | 23 | % | |||||||||||||
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 | |||||||||||||||||||
Advisor Class: | 3/31/21 | 6.30 | 666 | 0.40 | 0.38 | 2.16 | 23 | |||||||||||||||||||
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 | |||||||||||||||||||
Retail Class: | 3/31/21 | 6.18 | 272,018 | 0.59 | 0.58 | 1.97 | 23 | |||||||||||||||||||
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 | |||||||||||||||||||
GREEN BOND FUND | ||||||||||||||||||||||||||
Institutional Class: | 3/31/21 | 8.27 | 27,694 | 0.93 | 0.45 | 2.50 | 34 | |||||||||||||||||||
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: | 3/31/21 | 8.25 | 1,570 | 0.94 | 0.46 | 2.49 | 34 | |||||||||||||||||||
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: | 3/31/21 | 8.16 | 1,062 | 1.08 | 0.55 | 2.41 | 34 | |||||||||||||||||||
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: | 3/31/21 | 8.26 | 14,133 | 1.18 | 0.54 | 2.38 | 34 | |||||||||||||||||||
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: | 3/31/21 | 8.07 | 6,342 | 1.26 | 0.73 | 2.20 | 34 | |||||||||||||||||||
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 ■ 2021 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 | |||||||||||||||||||||||||
HIGH-YIELD FUND | ||||||||||||||||||||||||||||||||||
Institutional Class: | 3/31/21 | $8.36 | $0.47 | $ 1.17 | $ 1.64 | $(0.47 | ) | $— | $(0.47 | ) | $9.53 | |||||||||||||||||||||||
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 | ||||||||||||||||||||||||
Advisor Class: | 3/31/21 | 8.35 | 0.46 | 1.17 | 1.63 | (0.46 | ) | — | (0.46 | ) | 9.52 | |||||||||||||||||||||||
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 | ||||||||||||||||||||||||
Premier Class: | 3/31/21 | 8.37 | 0.46 | 1.17 | 1.63 | (0.46 | ) | — | (0.46 | ) | 9.54 | |||||||||||||||||||||||
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 | ||||||||||||||||||||||||
Retirement Class: | 3/31/21 | 8.36 | 0.45 | 1.17 | 1.62 | (0.45 | ) | — | (0.45 | ) | 9.53 | |||||||||||||||||||||||
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 | ||||||||||||||||||||||||
Retail Class: | 3/31/21 | 8.39 | 0.45 | 1.18 | 1.63 | (0.45 | ) | — | (0.45 | ) | 9.57 | |||||||||||||||||||||||
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 | ||||||||||||||||||||||||
Class W: | 3/31/21 | 8.36 | 0.50 | 1.17 | 1.67 | (0.50 | ) | — | (0.50 | ) | 9.53 | |||||||||||||||||||||||
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: | 3/31/21 | 11.54 | 0.16 | 0.71 | 0.87 | (0.17 | ) | — | (0.17 | ) | 12.24 | |||||||||||||||||||||||
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 | |||||||||||||||||||||||
Advisor Class: | 3/31/21 | 11.55 | 0.16 | 0.69 | 0.85 | (0.16 | ) | — | (0.16 | ) | 12.24 | |||||||||||||||||||||||
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 | |||||||||||||||||||||||
Premier Class: | 3/31/21 | 11.52 | 0.16 | 0.69 | 0.85 | (0.15 | ) | — | (0.15 | ) | 12.22 | |||||||||||||||||||||||
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 | |||||||||||||||||||||||
Retirement Class: | 3/31/21 | 11.63 | 0.14 | 0.71 | 0.85 | (0.14 | ) | — | (0.14 | ) | 12.34 | |||||||||||||||||||||||
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 | |||||||||||||||||||||||
Retail Class: | 3/31/21 | 11.25 | 0.13 | 0.67 | 0.80 | (0.13 | ) | — | (0.13 | ) | 11.92 | |||||||||||||||||||||||
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 | |||||||||||||||||||||||
Class W: | 3/31/21 | 11.54 | 0.21 | 0.68 | 0.89 | (0.19 | ) | — | (0.19 | ) | 12.24 | |||||||||||||||||||||||
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 |
82 | 2021 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: | 3/31/21 | 19.94 | % | $ | 2,703,046 | 0.36 | % | 0.34 | % | 5.08 | % | 79 | % | |||||||||||||
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 | ||||||||||||||||||||
Advisor Class: | 3/31/21 | 19.84 | 8,320 | 0.45 | 0.44 | 4.95 | 79 | |||||||||||||||||||
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 | ||||||||||||||||||||
Premier Class: | 3/31/21 | 19.74 | 20,200 | 0.51 | 0.49 | 4.95 | 79 | |||||||||||||||||||
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 | ||||||||||||||||||||
Retirement Class: | 3/31/21 | 19.64 | 306,428 | 0.61 | 0.59 | 4.85 | 79 | |||||||||||||||||||
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 | ||||||||||||||||||||
Retail Class: | 3/31/21 | 19.67 | 276,792 | 0.65 | 0.63 | 4.81 | 79 | |||||||||||||||||||
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 | ||||||||||||||||||||
Class W: | 3/31/21 | 20.34 | 469,612 | 0.36 | 0.00 | 5.42 | 79 | |||||||||||||||||||
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: | 3/31/21 | 7.53 | 1,209,995 | 0.25 | 0.23 | 1.31 | 27 | |||||||||||||||||||
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 | ||||||||||||||||||||
Advisor Class: | 3/31/21 | 7.43 | 123,505 | 0.34 | 0.32 | 1.31 | 27 | |||||||||||||||||||
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 | ||||||||||||||||||||
Premier Class: | 3/31/21 | 7.38 | 8,211 | 0.40 | 0.38 | 1.34 | 27 | |||||||||||||||||||
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 | ||||||||||||||||||||
Retirement Class: | 3/31/21 | 7.29 | 178,970 | 0.50 | 0.48 | 1.17 | 27 | |||||||||||||||||||
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 | ||||||||||||||||||||
Retail Class: | 3/31/21 | 7.12 | 150,264 | 0.56 | 0.54 | 1.13 | 27 | |||||||||||||||||||
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 | ||||||||||||||||||||
Class W: | 3/31/21 | 7.77 | 1,746,530 | 0.25 | 0.00 | 1.71 | 27 | |||||||||||||||||||
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 ■ 2021 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 | |||||||||||||||||||||||||
SHORT DURATION IMPACT BOND FUND | ||||||||||||||||||||||||||||||||||
Institutional Class: | 3/31/21 | $ 9.86 | $0.20 | $ 0.48 | $0.68 | $(0.20 | ) | $(0.09 | ) | $(0.29 | ) | $10.25 | ||||||||||||||||||||||
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: | 3/31/21 | 9.86 | 0.20 | 0.48 | 0.68 | (0.20 | ) | (0.09 | ) | (0.29 | ) | 10.25 | ||||||||||||||||||||||
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: | 3/31/21 | 9.86 | 0.19 | 0.48 | 0.67 | (0.19 | ) | (0.09 | ) | (0.28 | ) | 10.25 | ||||||||||||||||||||||
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: | 3/31/21 | 9.86 | 0.18 | 0.48 | 0.66 | (0.18 | ) | (0.09 | ) | (0.27 | ) | 10.25 | ||||||||||||||||||||||
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: | 3/31/21 | 9.86 | 0.18 | 0.48 | 0.66 | (0.18 | ) | (0.09 | ) | (0.27 | ) | 10.25 | ||||||||||||||||||||||
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: | 3/31/21 | 10.22 | 0.17 | 0.26 | 0.43 | (0.17 | ) | (0.01 | ) | (0.18 | ) | 10.47 | ||||||||||||||||||||||
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 | |||||||||||||||||||||||
Advisor Class: | 3/31/21 | 10.21 | 0.16 | 0.27 | 0.43 | (0.17 | ) | (0.01 | ) | (0.18 | ) | 10.46 | ||||||||||||||||||||||
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 | |||||||||||||||||||||||
Premier Class: | 3/31/21 | 10.23 | 0.16 | 0.26 | 0.42 | (0.16 | ) | (0.01 | ) | (0.17 | ) | 10.48 | ||||||||||||||||||||||
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 | |||||||||||||||||||||||
Retirement Class: | 3/31/21 | 10.23 | 0.15 | 0.26 | 0.41 | (0.15 | ) | (0.01 | ) | (0.16 | ) | 10.48 | ||||||||||||||||||||||
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 | |||||||||||||||||||||||
Retail Class: | 3/31/21 | 10.23 | 0.14 | 0.25 | 0.39 | (0.14 | ) | (0.01 | ) | (0.15 | ) | 10.47 | ||||||||||||||||||||||
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 | |||||||||||||||||||||||
Class W: | 3/31/21 | 10.22 | 0.20 | 0.25 | 0.45 | (0.20 | ) | (0.01 | ) | (0.21 | ) | 10.46 | ||||||||||||||||||||||
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 |
84 | 2021 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 | |||||||||||||||||||||
SHORT DURATION IMPACT BOND FUND | ||||||||||||||||||||||||||||||
Institutional Class: | 3/31/21 | 6.92 | % | $ | 23,952 | 1.06 | % | 0.35 | % | 1.99 | % | 136 | % | 136 | % | |||||||||||||||
3/31/20 | 1.08 | 22,112 | 1.18 | 0.35 | 2.77 | 103 | 103 | |||||||||||||||||||||||
3/31/19 | § | 1.99 | b | 22,599 | 2.89 | c | 0.35 | c | 3.17 | c | 39 | b | 39 | b | ||||||||||||||||
Advisor Class: | 3/31/21 | 6.92 | 1,077 | 1.06 | 0.35 | 1.99 | 136 | 136 | ||||||||||||||||||||||
3/31/20 | 1.07 | 986 | 1.18 | 0.35 | 2.77 | 103 | 103 | |||||||||||||||||||||||
3/31/19 | § | 1.93 | b | 1,008 | 3.27 | c | 0.50 | c | 3.01 | c | 39 | b | 39 | b | ||||||||||||||||
Premier Class: | 3/31/21 | 6.76 | 1,025 | 1.21 | 0.50 | 1.84 | 136 | 136 | ||||||||||||||||||||||
3/31/20 | 0.93 | 986 | 1.34 | 0.50 | 2.62 | 103 | 103 | |||||||||||||||||||||||
3/31/19 | § | 1.93 | b | 1,008 | 3.42 | c | 0.50 | c | 3.01 | c | 39 | b | 39 | b | ||||||||||||||||
Retirement Class: | 3/31/21 | 6.66 | 4,737 | 1.31 | 0.60 | 1.72 | 136 | 136 | ||||||||||||||||||||||
3/31/20 | 0.83 | 3,260 | 1.43 | 0.60 | 2.51 | 103 | 103 | |||||||||||||||||||||||
3/31/19 | § | 1.90 | b | 1,095 | 3.50 | c | 0.60 | c | 2.91 | c | 39 | b | 39 | b | ||||||||||||||||
Retail Class: | 3/31/21 | 6.67 | 2,207 | 1.40 | 0.59 | 1.71 | 136 | 136 | ||||||||||||||||||||||
3/31/20 | 0.74 | 1,233 | 1.61 | 0.68 | 2.44 | 103 | 103 | |||||||||||||||||||||||
3/31/19 | § | 1.87 | b | 1,118 | 3.85 | c | 0.68 | c | 2.84 | c | 39 | b | 39 | b | ||||||||||||||||
SHORT-TERM BOND FUND | ||||||||||||||||||||||||||||||
Institutional Class: | 3/31/21 | 4.23 | 666,050 | 0.26 | 0.26 | 1.66 | 167 | 161 | ||||||||||||||||||||||
3/31/20 | 1.95 | 616,292 | 0.27 | 0.27 | 2.63 | 139 | 139 | |||||||||||||||||||||||
3/31/19 | 2.99 | 902,950 | 0.27 | 0.27 | 2.52 | 118 | 118 | |||||||||||||||||||||||
3/31/18 | 1.14 | 1,462,512 | 0.27 | 0.27 | 1.95 | 77 | 77 | |||||||||||||||||||||||
3/31/17 | 1.84 | 1,606,917 | 0.27 | 0.27 | 1.81 | 103 | 103 | |||||||||||||||||||||||
Advisor Class: | 3/31/21 | 4.15 | 230,355 | 0.35 | 0.35 | 1.57 | 167 | 161 | ||||||||||||||||||||||
3/31/20 | 1.76 | 169,158 | 0.35 | 0.35 | 2.51 | 139 | 139 | |||||||||||||||||||||||
3/31/19 | 3.00 | 7,875 | 0.40 | 0.40 | 2.72 | 118 | 118 | |||||||||||||||||||||||
3/31/18 | 1.02 | 286 | 0.29 | 0.29 | 1.98 | 77 | 77 | |||||||||||||||||||||||
3/31/17 | 1.94 | 100 | 0.28 | 0.28 | 1.81 | 103 | 103 | |||||||||||||||||||||||
Premier Class: | 3/31/21 | 4.07 | 3,199 | 0.41 | 0.41 | 1.55 | 167 | 161 | ||||||||||||||||||||||
3/31/20 | 1.80 | 4,195 | 0.42 | 0.42 | 2.50 | 139 | 139 | |||||||||||||||||||||||
3/31/19 | 2.83 | 8,522 | 0.42 | 0.42 | 2.39 | 118 | 118 | |||||||||||||||||||||||
3/31/18 | 0.99 | 11,705 | 0.42 | 0.42 | 1.78 | 77 | 77 | |||||||||||||||||||||||
3/31/17 | 1.69 | 14,966 | 0.42 | 0.42 | 1.66 | 103 | 103 | |||||||||||||||||||||||
Retirement Class: | 3/31/21 | 3.97 | 142,261 | 0.51 | 0.51 | 1.40 | 167 | 161 | ||||||||||||||||||||||
3/31/20 | 1.70 | 112,810 | 0.52 | 0.52 | 2.37 | 139 | 139 | |||||||||||||||||||||||
3/31/19 | 2.73 | 110,523 | 0.52 | 0.52 | 2.31 | 118 | 118 | |||||||||||||||||||||||
3/31/18 | 0.89 | 100,591 | 0.52 | 0.52 | 1.69 | 77 | 77 | |||||||||||||||||||||||
3/31/17 | 1.59 | 107,016 | 0.52 | 0.52 | 1.57 | 103 | 103 | |||||||||||||||||||||||
Retail Class: | 3/31/21 | 3.82 | 162,317 | 0.56 | 0.56 | 1.37 | 167 | 161 | ||||||||||||||||||||||
3/31/20 | 1.65 | 173,174 | 0.57 | 0.57 | 2.31 | 139 | 139 | |||||||||||||||||||||||
3/31/19 | 2.67 | 111,808 | 0.58 | 0.58 | 2.24 | 118 | 118 | |||||||||||||||||||||||
3/31/18 | 0.84 | 126,010 | 0.57 | 0.57 | 1.65 | 77 | 77 | |||||||||||||||||||||||
3/31/17 | 1.62 | 130,393 | 0.58 | 0.58 | 1.50 | 103 | 103 | |||||||||||||||||||||||
Class W: | 3/31/21 | 4.41 | 955,303 | 0.26 | 0.00 | 1.91 | 167 | 161 | ||||||||||||||||||||||
3/31/20 | 2.22 | 734,717 | 0.27 | 0.00 | 2.90 | 139 | 139 | |||||||||||||||||||||||
3/31/19 | †† | 2.38 | b | 843,472 | 0.27 | c | 0.00 | c | 2.96 | c | 118 | 118 |
See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2021 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-TERM BOND INDEX FUND | ||||||||||||||||||||||||||||||||||
Institutional Class: | 3/31/21 | $10.12 | $0.13 | $ 0.02 | $ 0.15 | $(0.13 | ) | $(0.03 | ) | $(0.16 | ) | $10.11 | ||||||||||||||||||||||
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 | |||||||||||||||||||||||
Advisor Class: | 3/31/21 | 10.12 | 0.12 | 0.02 | 0.14 | (0.12 | ) | (0.03 | ) | (0.15 | ) | 10.11 | ||||||||||||||||||||||
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 | |||||||||||||||||||||||
Premier Class: | 3/31/21 | 10.12 | 0.12 | 0.01 | 0.13 | (0.12 | ) | (0.03 | ) | (0.15 | ) | 10.10 | ||||||||||||||||||||||
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 | |||||||||||||||||||||||
Retirement Class: | 3/31/21 | 10.12 | 0.10 | 0.03 | 0.13 | (0.11 | ) | (0.03 | ) | (0.14 | ) | 10.11 | ||||||||||||||||||||||
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 | |||||||||||||||||||||||
Retail Class: | 3/31/21 | 10.12 | 0.10 | 0.02 | 0.12 | (0.10 | ) | (0.03 | ) | (0.13 | ) | 10.11 | ||||||||||||||||||||||
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 | |||||||||||||||||||||||
Class W: | 3/31/21 | 10.12 | 0.14 | 0.02 | 0.16 | (0.14 | ) | (0.03 | ) | (0.17 | ) | 10.11 | ||||||||||||||||||||||
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: | 3/31/21 | 1.00 | 0.00 | d | — | 0.00 | d | 0.00 | d | — | 0.00 | d | 1.00 | |||||||||||||||||||||
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 | ||||||||||||||||||||||
Advisor Class: | 3/31/21 | 1.00 | 0.00 | d | — | 0.00 | d | 0.00 | d | — | 0.00 | d | 1.00 | |||||||||||||||||||||
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 | ||||||||||||||||||||||
Premier Class: | 3/31/21 | 1.00 | 0.00 | d | — | 0.00 | d | 0.00 | d | — | 0.00 | d | 1.00 | |||||||||||||||||||||
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 | ||||||||||||||||||||||
Retirement Class: | 3/31/21 | 1.00 | 0.00 | d | — | 0.00 | d | 0.00 | d | — | 0.00 | d | 1.00 | |||||||||||||||||||||
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 | ||||||||||||||||||||||
Retail Class: | 3/31/21 | 1.00 | 0.00 | d | — | 0.00 | d | 0.00 | d | — | 0.00 | d | 1.00 | |||||||||||||||||||||
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 |
§ | The Fund commenced operations on November 16, 2018. |
†† | 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. |
86 | 2021 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: | 3/31/21 | 1.45 | % | $ 77,335 | 0.11 | % | 0.11 | % | 1.26 | % | 48 | % | ||||||||||||||
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 | ||||||||||||||||||||
Advisor Class: | 3/31/21 | 1.32 | 696 | 0.24 | 0.24 | 1.14 | 48 | |||||||||||||||||||
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 | ||||||||||||||||||||
Premier Class: | 3/31/21 | 1.30 | 633 | 0.26 | 0.26 | 1.14 | 48 | |||||||||||||||||||
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 | ||||||||||||||||||||
Retirement Class: | 3/31/21 | 1.20 | 179,545 | 0.36 | 0.36 | 0.98 | 48 | |||||||||||||||||||
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 | ||||||||||||||||||||
Retail Class: | 3/31/21 | 1.12 | 4,318 | 0.44 | 0.44 | 0.94 | 48 | |||||||||||||||||||
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 | ||||||||||||||||||||
Class W: | 3/31/21 | 1.56 | 803,300 | 0.11 | 0.00 | 1.36 | 48 | |||||||||||||||||||
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: | 3/31/21 | 0.10 | 811,301 | 0.12 | 0.12 | 0.11 | — | |||||||||||||||||||
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 | — | ||||||||||||||||||||
Advisor Class: | 3/31/21 | 0.15 | 1,018 | 0.08 | 0.07 | 0.15 | — | |||||||||||||||||||
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 | — | ||||||||||||||||||||
Premier Class: | 3/31/21 | 0.04 | 36,011 | 0.27 | 0.16 | 0.07 | — | |||||||||||||||||||
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 | — | ||||||||||||||||||||
Retirement Class: | 3/31/21 | 0.04 | 270,402 | 0.37 | 0.18 | 0.05 | — | |||||||||||||||||||
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 | — | ||||||||||||||||||||
Retail Class: | 3/31/21 | 0.02 | 311,011 | 0.47 | 0.20 | 0.02 | — | |||||||||||||||||||
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 | — |
See notes to financial statements | TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Annual Report | 87 |
TIAA-CREF Funds
Note 1—organization
TIAA-CREF Funds (the “Trust”) is a Delaware statutory trust that is registered with the U.S. Securities and Exchange Commission (“SEC”) 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”).
Teachers Advisors, LLC (“Advisors”), a wholly owned indirect subsidiary of Teachers Insurance and Annuity Association of America (“TIAA”), is registered with the SEC as an investment adviser and provides investment management services for the Funds.
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 TIAA.
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.
Note 2—significant accounting policies
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.
Investments and investment income: Securities transactions are accounted for as of the trade date for financial reporting purposes. Interest income is recorded on an accrual basis and includes accretion of discounts and amortization of premiums. 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. Securities lending income is comprised of fees earned from borrowers and income earned on cash collateral investments. 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.
Multiclass operations and allocations: 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.
Distributions to shareholders: Distributions to shareholders are recorded on the ex-dividend date. The amount, character and timing of distributions are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP.
Foreign currency transactions and translation: The books and records of the Funds are maintained in U.S. dollars. Assets, including investments, and liabilities denominated in foreign currencies are translated into U.S. dollars at the end of each day. Purchases and sales of securities, income, and expenses are translated into U.S. dollars at the prevailing exchange rate on the respective dates of the transactions.
Net realized foreign currency gains and losses resulting from changes in exchange rates associated with (i) foreign currency, (ii) investments and (iii) derivatives include foreign currency gains and losses between trade date and settlement date of the transactions, foreign currency transactions, and the difference between the amounts of interest and dividends recorded on the books of the Funds and the amounts actually received and are recognized as a component of “Net realized gain (loss) on total investments” on the Statements of operations, when applicable.
The unrealized gains and losses resulting from changes in foreign currency exchange rates and changes in foreign exchange rates associated with (i) investments and (ii) other assets and liabilities are recognized as a component of “change in Net unrealized appreciation (depreciation) of investments and foreign currency” on the Statements of operations, when applicable. The unrealized gains and losses resulting from changes in foreign exchange rates associated with investments in derivatives are recognized as a component of the respective derivative’s related “Net change in unrealized appreciation (depreciation) on total investments and from affiliated investments” on the Statements of operations, when applicable.
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’
88 | 2021 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
fees, including any deferred and long-term compensation incurred, are reflected in the Statements of operations.
Indemnification: Under the Trust’s organizational documents, its officers and directors are indemnified against certain liabilities arising out of the performance of their duties to the Trust. In addition, in the normal course of business, the Trust enters into contracts that provide general indemnifications to other parties. The Trust’s maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the Trust that have not yet occurred. However, the Trust has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.
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 calendar 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. 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.
New accounting pronouncement: In March 2020, FASB issued Accounting Standards Update (“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, 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. For new and existing contracts, the Funds may elect to apply the amendments as of March 12, 2020 through December 31, 2022. Management has not yet elected to apply the amendments, is continuously evaluating the potential effect a discontinuation of LIBOR could have on the Funds’ investments and has currently determined that it is unlikely the ASU’s adoption will have a significant impact on the Funds’ financial statements and various filings.
New rule issuance: In December 2020, the SEC voted to adopt a new rule governing fund valuation practices. New Rule 2a-5 under the 1940 Act establishes requirements for determining fair value in good faith for purposes of the 1940 Act. Rule 2a-5 will permit fund boards to designate certain parties to perform fair value determinations, subject to board oversight and certain other conditions. Rule 2a-5 also defines when market quotations are “readily available” for purposes of Section 2(a)(41) of the 1940 Act, which requires a fund to fair value a security when market quotations are not readily available. The SEC also adopted new Rule 31a-4 under the 1940 Act, which sets forth the recordkeeping requirements associated with fair value determinations. Finally, the SEC is rescinding previously
issued guidance on related issues, including the role of a board in determining fair value and the accounting and auditing of fund investments. Rule 2a-5 and Rule 31a-4 will become effective on March 8, 2021, with a compliance date of September 8, 2022. A fund may voluntarily comply with the rules after the effective date, and in advance of the compliance date, under certain conditions. Management is currently assessing the impact of these provisions on the Funds’ financial statements.
Note 3—valuation of investments
The Funds’ investments in securities are recorded at their estimated fair value utilizing valuation methods approved by the Board. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. U.S. GAAP establishes the three-tier hierarchy that is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect management’s assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.
• | Level 1 – Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities. |
• | Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit spreads, etc.). |
• | Level 3 – Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments). |
A description of the valuation techniques applied to the Funds’ major classifications of assets and liabilities measured at fair value follows:
Debt securities: Prices of fixed-income securities are provided by an independent pricing service (“pricing service”) approved by the Board. The pricing service establishes a security’s fair value using methods that may include consideration of the following: yields or prices of investments of comparable quality, type of issue, coupon, maturity and rating, market quotes or indications of value from security dealers, evaluations of anticipated cash flows or collateral, general market conditions and other information and analysis, including the obligor’s credit characteristics considered relevant. In pricing certain securities, particularly less liquid and lower quality securities, the pricing service may consider information about a security, its issuer or market activity provided by Advisors. These securities are generally classified as Level 2.
Exchange-traded equity securities, common and preferred stock: Equity securities and exchange-traded funds 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
TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Annual Report | 89 |
Notes to financial statements
exchange on the valuation date. 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. To the extent these securities are actively traded and that valuation adjustments are not applied, they are categorized as Level 1. If there is no official close of business, then the latest available sale price is utilized. If no sales are reported, then the mean of the latest available bid and asked prices is utilized and the securities are generally classified as Level 2.
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. These foreign securities are generally classified as Level 2.
The Money Market Fund: The Money Market Fund’s portfolio securities are valued on an amortized cost basis. Money Market investments are generally classified as Level 2.
Investments in registered investment companies: Investments in investment companies are valued at their respective NAVs on the valuation date and are generally classified as Level 1.
Futures contracts: Futures contracts are valued using the closing settlement price and are generally classified as Level 1.
Forward foreign currency contracts: Forward foreign currency contracts are valued using the prevailing forward exchange rate which is derived from quotes provided by the pricing service using the procedures approved by the Board and are classified as Level 2.
Swap contracts: Swap contracts are marked-to-market daily based upon a price supplied by a pricing service. Swaps are generally classified as Level 2.
Any portfolio security or derivative 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. As a general principle, the fair value of a security would appear to be the amount that the owner might reasonably expect to receive for it in a current sale. A variety of factors may be considered in determining the fair value of such securities, which may include consideration of the following: yields or prices of investments of comparable quality, type of issue, coupon, maturity and rating, market quotes or indications of value from security dealers, evaluations of anticipated cash flows or collateral, general market conditions and other information and analysis, including the obligor’s credit characteristics considered relevant. To the extent the inputs are observable and timely, the values would be classified as Level 2; otherwise they would be classified as Level 3.
As of March 31, 2021, 100% of the value of investments in the Short Duration Impact Bond Fund and Money Market Fund were valued based on Level 2 inputs.
The following table summarizes the market value of the Funds’ investments as of March 31, 2021, based on the inputs used to value them:
Fund | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Bond Index | ||||||||||||||||
Corporate bonds | $ | — | $ | 5,220,271,520 | $ | — | $ | 5,220,271,520 | ||||||||
Government bonds | — | 13,641,885,085 | — | 13,641,885,085 | ||||||||||||
Structured assets | — | 533,305,520 | — | 533,305,520 | ||||||||||||
Short-term investments | 47,264,181 | 420,761,105 | — | 468,025,286 | ||||||||||||
Total | $ | 47,264,181 | $ | 19,816,223,230 | $ | — | $ | 19,863,487,411 | ||||||||
Core Bond | ||||||||||||||||
Bank loan obligations | $ | — | $ | 208,193,382 | $ | — | $ | 208,193,382 | ||||||||
Corporate bonds | — | 3,492,549,605 | 1,953,812 | 3,494,503,417 | ||||||||||||
Government bonds | — | 3,487,780,805 | 1,368,413 | 3,489,149,218 | ||||||||||||
Structured assets | — | 1,299,833,903 | 4,383,078 | 1,304,216,981 | ||||||||||||
Common stocks | — | 696,909 | — | 696,909 | ||||||||||||
Preferred stocks | 9,975,000 | — | — | 9,975,000 | ||||||||||||
Short-term investments | 21,209,160 | 1,445,302,875 | — | 1,466,512,035 | ||||||||||||
Forward foreign currency contracts** | — | 94,277 | — | 94,277 | ||||||||||||
Credit default swap contracts** | — | (189,569 | ) | — | (189,569 | ) | ||||||||||
Total | $ | 31,184,160 | $ | 9,934,262,187 | $ | 7,705,303 | $ | 9,973,151,650 | ||||||||
Core Impact Bond | ||||||||||||||||
Bank loan obligations | $ | — | $ | 7,683,976 | $ | 24,594 | $ | 7,708,570 | ||||||||
Corporate bonds | — | 2,645,949,286 | — | 2,645,949,286 | ||||||||||||
Government bonds | — | 2,815,033,914 | 11,947,282 | 2,826,981,196 | ||||||||||||
Structured assets | — | 577,645,244 | 6,101,012 | 583,746,256 | ||||||||||||
Preferred stocks | 64,743,010 | — | — | 64,743,010 | ||||||||||||
Short-term investments | 47,966,951 | 919,685,546 | — | 967,652,497 | ||||||||||||
Forward foreign currency contracts** | — | 506,034 | — | 506,034 | ||||||||||||
Total | $ | 112,709,961 | $ | 6,966,504,000 | $ | 18,072,888 | $ | 7,097,286,849 |
90 | 2021 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
continued
Fund | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Core Plus Bond | ||||||||||||||||
Bank loan obligations | $ | — | $ | 175,784,158 | $ | — | $ | 175,784,158 | ||||||||
Corporate bonds | — | 2,329,742,134 | 1,730,291 | 2,331,472,425 | ||||||||||||
Government bonds | — | 1,936,037,444 | 4,189,004 | 1,940,226,448 | ||||||||||||
Structured assets | — | 898,361,208 | 12,871,416 | 911,232,624 | ||||||||||||
Common stocks | — | 1,765,198 | 15 | 1,765,213 | ||||||||||||
Preferred stocks | 18,253,132 | — | — | 18,253,132 | ||||||||||||
Short-term investments | 8,330,743 | 796,507,973 | — | 804,838,716 | ||||||||||||
Forward foreign currency contracts** | — | 70,707 | — | 70,707 | ||||||||||||
Credit default swap contracts** | — | (879,095 | ) | — | (879,095 | ) | ||||||||||
Total | $ | 26,583,875 | $ | 6,137,389,727 | $ | 18,790,726 | $ | 6,182,764,328 | ||||||||
5–15 Year Laddered Tax-Exempt Bond | ||||||||||||||||
Long-term municipal bonds | $ | — | $ | 271,391,083 | $ | 1,892,360 | $ | 273,283,443 | ||||||||
Total | $ | — | $ | 271,391,083 | $ | 1,892,360 | $ | 273,283,443 | ||||||||
Green Bond | ||||||||||||||||
Bank loan obligations | $ | — | $ | 498,960 | $ | — | $ | 498,960 | ||||||||
Corporate bonds | — | 22,767,134 | — | 22,767,134 | ||||||||||||
Government bonds | — | 14,173,393 | — | 14,173,393 | ||||||||||||
Structured assets | — | 10,346,095 | 249,962 | 10,596,057 | ||||||||||||
Preferred stocks | 1,434,120 | — | — | 1,434,120 | ||||||||||||
Short-term investments | — | 1,312,000 | — | 1,312,000 | ||||||||||||
Total | $ | 1,434,120 | $ | 49,097,582 | $ | 249,962 | $ | 50,781,664 | ||||||||
High-Yield | ||||||||||||||||
Bank loan obligations | $ | — | $ | 377,016,613 | $ | — | $ | 377,016,613 | ||||||||
Corporate bonds | — | 3,210,067,471 | 1,371,696 | 3,211,439,167 | ||||||||||||
Common stocks | — | — | 80 | 80 | ||||||||||||
Rights / Warrants | — | — | 12,643 | 12,643 | ||||||||||||
Short-term investments | 40,248,079 | 138,360,678 | — | 178,608,757 | ||||||||||||
Total | $ | 40,248,079 | $ | 3,725,444,762 | $ | 1,384,419 | $ | 3,767,077,260 | ||||||||
Inflation-Linked Bond | ||||||||||||||||
Government bonds | $ | — | $ | 3,395,447,304 | $ | — | $ | 3,395,447,304 | ||||||||
Short-term investments | 713 | 23,401,915 | — | 23,402,628 | ||||||||||||
Futures contracts** | 351,072 | — | — | 351,072 | ||||||||||||
Total | $ | 351,785 | $ | 3,418,849,219 | $ | — | $ | 3,419,201,004 | ||||||||
Short-Term Bond | ||||||||||||||||
Bank loan obligations | $ | — | $ | 35,663,564 | $ | — | $ | 35,663,564 | ||||||||
Corporate bonds | — | 743,417,200 | — | 743,417,200 | ||||||||||||
Government bonds | — | 769,152,291 | — | 769,152,291 | ||||||||||||
Structured assets | — | 492,363,920 | 3,461,312 | 495,825,232 | ||||||||||||
Short-term investments | 1,300,874 | 107,847,405 | — | 109,148,279 | ||||||||||||
Futures contracts** | 1,806,510 | — | — | 1,806,510 | ||||||||||||
Total | $ | 3,107,384 | $ | 2,148,444,380 | $ | 3,461,312 | $ | 2,155,013,076 | ||||||||
Short-Term Bond Index | ||||||||||||||||
Corporate bonds | $ | — | $ | 251,130,647 | $ | — | $ | 251,130,647 | ||||||||
Government bonds | — | 809,300,839 | — | 809,300,839 | ||||||||||||
Short-term investments | $ | 48,683,289 | 6,750,000 | — | 55,433,289 | |||||||||||
Total | $ | 48,683,289 | $ | 1,067,181,486 | $ | — | $ | 1,115,864,775 | ||||||||
** | Derivative instruments are not reflected in the market value of portfolio investments. |
Note 4—investments
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 repurchase price is recorded as a realized gain or loss.
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.
Securities lending: Certain Funds may lend their securities to qualified institutional borrowers to earn additional income. A Fund receives collateral (in the form of cash, Treasury securities or other collateral permitted by applicable law) against the loaned securities and maintains collateral in an amount not less than 100% of the market value of loaned securities during the period of the loan; any additional collateral required due to changes in security values is delivered to the Fund the next business day. Cash collateral received by the Fund will generally be invested in high-quality short-term instruments or in one or
TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Annual Report | 91 |
Notes to financial statements
more funds maintained by the securities lending agent (“Agent”) for the purpose of investing cash collateral.
The value of the loaned securities and the liability to return the cash collateral received are reflected in the Statements of assets and liabilities. Non-cash collateral is not disclosed in the Funds’ Statements of assets and liabilities as it is held by the lending agent on behalf of the Funds, and the Funds do not have the ability to sell or re-hypothecate those securities.
As of March 31, 2021, securities lending transactions (with the exception of Core Impact Bond Fund and Core Plus Bond Fund) are for fixed income securities, and the resulting loans are continuous, can be recalled at any time, and have no set maturity. For the Core Impact Bond Fund and the Core Plus Bond Fund all loans from securities lending activity are continuous, can be recalled at any time, and have no set maturity. As of March 31, 2021, the Core Impact Bond Fund has $46,316,241 related to fixed income securities and $560,294 related to equity securities. The Core Plus Bond Fund has $8,109,304 related to fixed income securities and $5,630 related to equity securities. Securities lending income recognized by the Funds consists of earnings on invested collateral and lending fees, net of any rebates to the borrower and compensation to the Agent. Such income is reflected separately in the Statements of operations. In lending its securities, a Fund bears the market risk with respect to the investment of collateral and the risk that the Agent may default on its contractual obligations to the Fund. The Agent bears the risk that the borrower may default on its obligation to return the loaned securities as the Agent is contractually obligated to indemnify the Fund if at the time of a default by a borrower some or all of the loan securities have not been returned.
As of March 31, 2021, the total value of securities on loan and the total value of collateral received were as follows:
Fund | Aggregate value of securities on loan | Cash collateral received* | Non-cash collateral received | Total collateral received | ||||||||||||
Bond Index | $ | 48,044,994 | $ | 47,264,181 | $ | 1,922,665 | $ | 49,186,846 | ||||||||
Core Bond | 20,582,500 | 21,209,160 | — | 21,209,160 | ||||||||||||
Core Impact Bond | 46,876,535 | 47,966,951 | — | 47,966,951 | ||||||||||||
Core Plus Bond | 8,114,934 | 8,330,743 | — | 8,330,743 | ||||||||||||
High-Yield | 38,661,785 | 40,248,079 | — | 40,248,079 | ||||||||||||
Inflation-Linked Bond | — | 713 | — | 713 | ||||||||||||
Short-Term Bond | 1,271,445 | 1,300,874 | — | 1,300,874 | ||||||||||||
Short-Term Bond Index | 47,703,659 | 48,683,289 | — | 48,683,289 |
* | May include cash and investment of cash collateral |
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 have extended settlement periods; interest income is not accrued until settlement date. Any securities so purchased are subject to market fluctuation during this period. The Funds have segregated securities in their portfolios with a current value at least equal to the amount of the when-issued/delayed delivery purchase commitments.
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.
Unfunded commitments: 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 the unfunded loan commitments. If a Fund has unfunded commitments at the end of the reporting period, such amounts are recognized on the Statements of assets and liabilities as “Payable for unfunded loan commitments.”
Zero coupon securities: A zero coupon security does not pay a regular interest coupon to its holders during the life of the security. Income to the holder of the security comes from accretion of the difference between the original purchase price of the security at issuance and the par value of the security at maturity and is effectively paid at maturity. The market prices of zero coupon securities generally are more volatile than the market prices of securities that pay interest periodically.
Purchases and sales: Purchases and sales of securities (other than short-term instruments) for all of the Funds for the year ended March 31, 2021 were as follows:
Fund | Non-U.S. government purchases | U.S. government purchases | Non-U.S. government sales | U.S. government sales | ||||||||||||
Bond Index | $ | 2,342,244,645 | $ | 8,175,636,165 | $ | 1,214,564,997 | $ | 3,912,132,792 | ||||||||
Core Bond | 3,178,636,851 | 16,354,667,835 | 2,429,136,814 | 14,315,715,817 | ||||||||||||
Core Impact Bond | 3,670,529,383 | 14,343,939,795 | 3,698,704,527 | 12,903,565,613 | ||||||||||||
Core Plus Bond | 2,207,243,342 | 7,454,145,460 | 1,703,238,632 | 6,754,839,088 | ||||||||||||
5–15 Year Laddered Tax-Exempt Bond | 64,715,376 | — | 62,024,118 | — | ||||||||||||
Green Bond | 29,653,880 | 1,444,834 | 12,795,579 | 1,203,962 | ||||||||||||
High-Yield | 3,107,277,315 | — | 2,836,119,032 | — | ||||||||||||
Inflation-Linked Bond | 45,428 | 937,474,214 | 23,245,116 | 1,116,410,230 | ||||||||||||
Short Duration Impact Bond | 29,478,263 | 15,414,986 | 28,080,542 | 13,063,682 | ||||||||||||
Short-Term Bond | 893,752,377 | 2,744,806,574 | 659,648,179 | 2,583,452,290 | ||||||||||||
Short-Term Bond Index | 245,590,680 | 565,030,653 | 125,768,679 | 292,538,946 |
Note 5—derivative investments
Each of the Funds (other than the Money Market Fund) is authorized to invest in certain 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. The Funds record derivative instruments at fair value, with changes in fair value recognized on the Statements of operations, when applicable.
At March 31, 2021, the following Funds have invested in derivative contracts which are reflected in the Statements of assets and liabilities as follows:
92 | 2021 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
continued
Asset derivatives | Liabilities derivatives | |||||||||||
Derivative contract | Location | Fair value amount | Location | Fair value amount | ||||||||
Core Bond Fund | ||||||||||||
Foreign-exchange contracts | Forward foreign currency contracts | $ | 94,277 | |||||||||
Credit contracts | Credit default swap contracts* | $ | (189,569 | ) | ||||||||
Core Impact Bond Fund | ||||||||||||
Foreign-exchange contracts | Forward foreign currency contracts | 506,034 | ||||||||||
Core Plus Bond Fund | ||||||||||||
Foreign-exchange contracts | Forward foreign currency contracts | 70,707 | ||||||||||
Credit contracts | Credit default swap contracts* | (879,095 | ) | |||||||||
Inflation Linked Bond Fund | ||||||||||||
Interest-rate contracts | Futures contracts* | 351,072 | ||||||||||
Short-Term Bond Fund | ||||||||||||
Interest-rate contracts | Futures contracts* | 1,806,510 |
* | 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. |
For the year ended March 31, 2021, the effect of derivative contracts on the Funds’ Statements of operations was as follows:
Derivative contracts | Location | Realized gain (loss | ) | Change in unrealized appreciation (depreciation | ) | |||||
Core Bond Fund | ||||||||||
Interest-rate contracts | Futures contracts | $ | 17,246 | $ | (15,514 | ) | ||||
Foreign-exchange contracts | Forward foreign currency contracts | (450,240 | ) | 129,989 | ||||||
Credit contracts | Swap contracts | 408,498 | (626,933 | ) | ||||||
Core Impact Bond Fund | ||||||||||
Foreign-exchange contracts | Forward foreign currency contracts | (1,233,960 | ) | 538,806 | ||||||
Core Plus Bond Fund | ||||||||||
Interest-rate contracts | Futures contracts | 1,115,866 | (454,835 | ) | ||||||
Foreign-exchange contracts | Forward foreign currency contracts | (538,588 | ) | 120,039 | ||||||
Credit contracts | Swap contracts | (1,320,469 | ) | (879,095 | ) | |||||
High-Yield Fund | ||||||||||
Credit contracts | Swap contracts | (40,129 | ) | — | ||||||
Inflation-Linked Bond Fund | ||||||||||
Interest-rate contracts | Futures contracts | 311,076 | 351,072 | |||||||
Short-Term Bond Fund | ||||||||||
Interest-rate contracts | Futures contracts | 993,730 | 2,775,766 |
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, 2021, the Inflation-Linked Bond Fund and Short-Term Bond Fund had exposure to futures contracts, based on underlying notional values, generally between 0% and 3% of net assets. The futures contracts outstanding as of March 31, 2021 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, 2021, the Core Bond Fund, Core Impact Bond Fund, and Core Plus Bond Fund had exposure to forward contracts, based on underlying notional values, generally less than 1% of net assets. The forward contracts outstanding as of March 31, 2021 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
TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Annual Report | 93 |
Notes to financial statements
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 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, 2021, Core Bond Fund, Core Plus Bond Fund and High-Yield Fund had exposure to credit default swap contracts, based on underlying notional values, generally less than 1% of net assets. The credit default swap contracts outstanding as of March 31, 2021 are disclosed in the Summary portfolio of investments and the full Schedule of investments.
Note 6—income tax and other tax matters
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 year ended March 31, 2021, permanent book and tax differences resulting primarily from differing treatments for foreign currency transactions, distribution reallocations, deflation adjustments on Treasury Inflation-Protected Securities, 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.
Net unrealized appreciation (depreciation): At March 31, 2021, 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:
Gross | Gross | Net unrealized | ||||||||||||||
Tax | unrealized | unrealized | appreciation | |||||||||||||
Fund | cost | appreciation | (depreciation | ) | (depreciation | ) | ||||||||||
Bond Index | $ | 19,359,404,722 | $ | 749,055,927 | $ | (244,973,238 | ) | $ | 504,082,689 | |||||||
Core Bond | 9,836,662,556 | 230,243,781 | (93,754,687 | ) | 136,489,094 | |||||||||||
Core Impact Bond | 7,066,289,905 | 129,684,227 | (98,687,283 | ) | 30,996,944 | |||||||||||
Core Plus Bond | 6,116,908,227 | 154,158,336 | (88,302,235 | ) | 65,856,101 | |||||||||||
5–15 Year Laddered Tax-Exempt Bond | 260,300,066 | 16,729,623 | (3,746,246 | ) | 12,983,377 | |||||||||||
Green Bond | 49,862,324 | 1,563,700 | (644,360 | ) | 919,340 | |||||||||||
High-Yield | 3,645,971,016 | 155,727,555 | (34,621,311 | ) | 121,106,244 | |||||||||||
Inflation-Linked Bond | 3,157,128,556 | 268,623,729 | (6,551,282 | ) | 262,072,447 | |||||||||||
Short Duration Impact Bond | 32,379,476 | 573,657 | (62,680 | ) | 510,977 | |||||||||||
Short-Term Bond | 2,139,226,264 | 26,588,382 | (10,801,570 | ) | 15,786,812 | |||||||||||
Short-Term Bond Index | 1,109,165,014 | 7,714,659 | (1,014,898 | ) | 6,699,761 |
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.
94 | 2021 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
continued
Distributions to shareholders: The tax character of distributions paid to shareholders during the years ended March 31, 2021 and March 31, 2020 was as follows:
3/31/2021 | 3/31/2020 | |||||||||||||||||||||||
Ordinary | Long-term | Ordinary | Long-term | |||||||||||||||||||||
Fund | income | capital gains | Total | income | capital gains | Total | ||||||||||||||||||
Bond Index | $ | 419,556,131 | $ | 100,895,056 | $ | 520,451,187 | $ | 426,960,742 | $ | — | $ | 426,960,742 | ||||||||||||
Core Bond | 233,661,988 | 89,759,845 | 323,421,833 | 203,596,231 | — | 203,596,231 | ||||||||||||||||||
Core Impact Bond | 178,604,823 | 74,943,246 | 253,548,069 | 141,039,553 | 2,331,063 | 143,370,616 | ||||||||||||||||||
Core Plus Bond | 155,318,760 | 27,847,508 | 183,166,268 | 148,054,559 | — | 148,054,559 | ||||||||||||||||||
5–15 Year Laddered Tax-Exempt Bond* | 5,473,935 | 836,536 | 6,310,471 | 6,414,050 | 300,993 | 6,715,043 | ||||||||||||||||||
Green Bond | 1,185,576 | 561,798 | 1,747,374 | 1,205,000 | — | 1,205,000 | ||||||||||||||||||
High-Yield | 194,600,276 | — | 194,600,276 | 212,704,986 | — | 212,704,986 | ||||||||||||||||||
Inflation-Linked Bond | 49,129,669 | — | 49,129,669 | 72,093,009 | — | 72,093,009 | ||||||||||||||||||
Short Duration Impact Bond | 821,666 | 45,126 | 866,792 | 908,482 | — | 908,482 | ||||||||||||||||||
Short-Term Bond | 36,171,093 | — | 36,171,093 | 57,680,033 | — | 57,680,033 | ||||||||||||||||||
Short-Term Bond Index | 11,299,288 | 2,198,903 | 13,498,191 | 13,803,727 | — | 13,803,727 | ||||||||||||||||||
Money Market | 1,478,097 | — | 1,478,097 | 25,742,822 | — | 25,742,822 |
* | Includes ordinary income which will not be taxable for federal income tax purposes in 2021 and 2020 of $5,363,478 and $5,957,902, respectively. |
Components of accumulated earnings: As of March 31, 2021, the components of accumulated earnings on a tax basis were as follows:
Undistributed | Undistributed | |||||||||||||||||||||||
(overdistributed | ) | (overdistributed | ) | Unrealized | Capital | |||||||||||||||||||
ordinary | long-term | appreciation | loss | Late-year | ||||||||||||||||||||
Fund | income | capital gains | (depreciation | ) | carryover | loss deferrals | Total | |||||||||||||||||
Bond Index | $ | 12,791,779 | $ | 15,464,852 | $ | 504,082,689 | $ | — | $ | — | $ | 532,339,320 | ||||||||||||
Core Bond | 6,535,163 | 31,748,129 | 136,477,381 | — | (18,121,149 | ) | 156,639,524 | |||||||||||||||||
Core Impact Bond | 3,029,362 | — | 30,998,987 | — | (15,938,674 | ) | 18,089,675 | |||||||||||||||||
Core Plus Bond | 12,306,224 | 68,613,099 | 65,850,600 | — | — | 146,769,923 | ||||||||||||||||||
5–15 Year Laddered Tax-Exempt Bond | 533,054 | 819,383 | 12,983,377 | — | — | 14,335,814 | ||||||||||||||||||
Green Bond | — | 250,000 | 919,340 | — | (73,632 | ) | 1,095,708 | |||||||||||||||||
High-Yield | 3,956,438 | — | 121,106,244 | (290,643,464 | ) | — | (165,580,782 | ) | ||||||||||||||||
Inflation-Linked Bond | 10,022,862 | 23,890,971 | 262,072,448 | — | — | 295,986,281 | ||||||||||||||||||
Short Duration Impact Bond | 71,550 | 123,385 | 510,977 | — | — | 705,912 | ||||||||||||||||||
Short-Term Bond | 2,628,535 | — | 15,786,812 | — | — | 18,415,347 | ||||||||||||||||||
Short-Term Bond Index | 763,883 | 2,562,971 | 6,699,762 | — | — | 10,026,616 | ||||||||||||||||||
Money Market | 46,505 | — | — | — | — | 46,505 |
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.
Capital loss carryovers: At March 31, 2021, the following Fund had capital loss carryovers, which will not expire:
Fund | Short-term | Long-term | Total | |||||||||
High-Yield | $ | 38,341,459 | $ | 252,302,005 | $ | 290,643,464 |
For the year ended March 31, 2021, Inflation-Linked Bond, Short-Term Bond, and Short-Term Bond Index Funds utilized $11,020,727, $3,390,735, and $1,312,706 of their capital loss carryovers available. The capital loss carryover for the Inflation-Linked Bond, Short-Term Bond, and Short-Term Bond Index Funds were reduced to zero as a result of this utilization.
Note 7—investment adviser and other transactions with 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 are paid to Advisors under the Service Agreement.
Under the terms of a distribution Rule 12b-1 plan, the Retail Class of each Fund compensates 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 compensates 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 shares’ Management fees and Other expenses
TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Annual Report | 95 |
Notes to financial statements
(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. The Management fees and Other expenses of Class W shares that have been waived by Advisors may be incurred directly or indirectly, all or in part, by investors in Class W shares.
Advisors has agreed to reimburse each Fund if its total expense ratio (excluding interest, taxes, brokerage commissions or other transactional expenses, acquired fund fees and expenses and extraordinary expenses) exceeds certain percentages. As of March 31, 2021, 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 | ||||||||||||||||||||||||||||||||||||||||||||
Investment | management | |||||||||||||||||||||||||||||||||||||||||||
management | fee—effective | Service | ||||||||||||||||||||||||||||||||||||||||||
fee range | rate | 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 | 0.33 | 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 | a | 0.70 | a | 0.80 | a | — | ||||||||||||||||||||||||||||||
High-Yield* | 0.30–0.35 | f | 0.34 | 0.25 | 0.15 | 0.25 | 0.40 | b | 0.55 | b | 0.55 | b | 0.65 | b | 0.75 | b | 0.40 | b | ||||||||||||||||||||||||||
Inflation-Linked Bond* | 0.20–0.25 | g | 0.24 | 0.25 | 0.15 | 0.25 | 0.30 | c | 0.45 | c | 0.45 | c | 0.55 | c | 0.65 | c | 0.30 | c | ||||||||||||||||||||||||||
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 | d | — | ||||||||||||||||||||||||||||||||
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 | 0.30 | e | 0.40 | e | 0.50 | e | 0.15 |
* | 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, 2021. 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. |
a | Effective May 1, 2020, Advisors agreed to voluntarily waive a portion of the expense cap for the Green Bond Fund Premier, Retirement and Retail Classes. The expense caps are 0.54% for the Premier Class, 0.54% for the Retirement Class and 0.73% 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, 2020, Advisors agreed to voluntarily waive a portion of the expense cap for the High-Yield Fund Institutional, Advisor, Premier, Retirement, Retail and Class W Classes. The expense caps are 0.385% for the Institutional Class, 0.535% for the Advisor Class, 0.535% for the Premier Class, 0.635% for the Retirement Class, 0.735% for the Retail Class and 0.385% for the Class W Class. 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, 2020, Advisors agreed to voluntarily waive a portion of the expense cap for the Inflation-Linked Bond Fund Institutional, Advisor, Premier, Retirement, Retail and Class W Classes. The expense caps are 0.28% for the Institutional Class, 0.43% for the Advisor Class, 0.43% for the Premier Class, 0.53% for the Retirement Class, 0.63 for the Retail Class and 0.28% for the Class W Class. 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, 2020, Advisors agreed to voluntarily waive a portion of the expense cap for the Short Duration Impact Bond Fund Retail Class. The expense cap is 0.585% 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. |
e | Effective May 1, 2020, Advisors agreed to voluntarily waive a portion of the expense cap for the Money Market Fund Premier, Retirement and Retail Classes. The expense caps are 0.27% for the Premier Class, 0.27% for the Retirement Class and 0.43% 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. |
f | Effective May 1, 2020, 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 0.285%–0.335% 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. |
g | Effective May 1, 2020, 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 0.180%–0.230% 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. |
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 year ended March 31, 2021, these transactions did not materially impact the Funds.
96 | 2021 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
concluded
As of March 31, 2021, 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, 2021:
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 | — | % | — | % | 46 | % | — | % | — | % | 1 | % | 47 | % | ||||||||||||||
Core Bond | — | 55 | — | 1 | — | — | 56 | |||||||||||||||||||||
Core Plus Bond | — | 55 | — | 8 | 7 | 2 | 72 | |||||||||||||||||||||
Green Bond | 52 | — | — | — | — | — | 52 | |||||||||||||||||||||
High-Yield | — | 12 | — | — | — | 4 | 16 | |||||||||||||||||||||
Inflation-Linked Bond | — | 28 | 23 | — | — | — | 51 | |||||||||||||||||||||
Short Duration Impact Bond | 78 | — | — | — | — | — | 78 | |||||||||||||||||||||
Short-Term Bond | — | 44 | — | 5 | — | 2 | 51 | |||||||||||||||||||||
Short-Term Bond Index | — | — | 74 | — | — | — | 74 | |||||||||||||||||||||
Money Market | — | — | — | — | — | 3 | 3 |
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, 2021, one 529 Plan owned 5% of the High-Yield Fund; one 529 Plan owned 7% of the Bond Index Fund; three 529 Plans owned 12%, 6%, and 6%, respectively, of the Inflation-Linked Bond Fund; and one 529 Plan owned 6% of the Money Market Fund.
Note 8—inter-fund lending program
Pursuant to an exemptive order issued by the SEC, 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, 2021, there were no inter-fund borrowing or lending transactions.
Note 9—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 16, 2020 expiring on June 15, 2021, replacing the previous facility, which expired June 2020. 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, 2021, there were no borrowings under this credit facility by the Funds.
Note 10—subsequent event
Advisors has agreed to implement voluntary waivers reducing the management fee breakpoint schedules for several Funds for one year effective May 1, 2021. 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:
Investment | |||||
management | |||||
Fund | Waiver | 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, 2021. 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:
Maximum | ||||||||
Fund | Waiver | expense amounts | ||||||
Green Bond – Premier Class | 0.015 | % | 0.585 | % | ||||
Green Bond – Retirement Class | 0.115 | 0.585 | ||||||
Green Bond – Retail Class | 0.075 | 0.725 | ||||||
High-Yield – Institutional Class | 0.015 | 0.385 | ||||||
High-Yield – Advisor Class | 0.015 | 0.535 | ||||||
High-Yield – Premier Class | 0.015 | 0.535 | ||||||
High-Yield – Retirement Class | 0.015 | 0.635 | ||||||
High-Yield – Retail Class | 0.015 | 0.735 | ||||||
High-Yield – Class W | 0.015 | 0.385 | ||||||
Inflation-Linked Bond – Institutional Class | 0.020 | 0.280 | ||||||
Inflation-Linked Bond – Advisor Class | 0.020 | 0.430 | ||||||
Inflation-Linked Bond – Premier Class | 0.020 | 0.430 | ||||||
Inflation-Linked Bond – Retirement Class | 0.020 | 0.530 | ||||||
Inflation-Linked Bond – Retail Class | 0.020 | 0.630 | ||||||
Inflation-Linked Bond – Class W | 0.020 | 0.280 | ||||||
Short Duration Impact Bond – Institutional Class | 0.005 | 0.345 | ||||||
Short Duration Impact Bond – Retirement Class | 0.030 | 0.570 | ||||||
Short Duration Impact Bond – Retail Class | 0.095 | 0.605 | ||||||
Money Market – Premier Class | 0.060 | 0.240 | ||||||
Money Market – Retirement Class | 0.160 | 0.240 | ||||||
Money Market – Retail Class | 0.105 | 0.395 |
TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Annual Report | 97 |
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, TIAA-CREF Core Impact Bond Fund, TIAA-CREF Core Plus Bond 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, TIAA-CREF Core Impact Bond Fund, TIAA-CREF Core Plus Bond 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 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, 2021, the related statements of operations for the year ended March 31, 2021, the statements of changes in net assets for each of the two years in the period ended March 31, 2021, 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, 2021, the results of each of their operations for the year then ended, the changes in each of their net assets for each of the two years in the period ended March 31, 2021, 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.
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, 2021 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 21, 2021
We have served as the auditor of one or more investment companies in TIAA-CREF Funds’ investment company group since 2005.
98 | 2021 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
Important tax information (unaudited)
For the year ended March 31, 2021, the TIAA-CREF Funds designate the following distribution amounts (or the maximum amount allowable) as being from net long-term capital gains.
Long-term | ||||
Fund | capital gains | |||
Bond Index | $ | 100,895,056 | ||
Core Bond | 89,759,845 | |||
Core Impact Bond | 74,943,246 | |||
Core Plus Bond | 27,847,508 | |||
5–15 Year Laddered Tax-Exempt Bond | 836,536 | |||
Green Bond | 561,798 | |||
High-Yield | — | |||
Inflation-Linked Bond | — | |||
Short Duration Impact Bond | 45,126 | |||
Short-Term Bond | — | |||
Short-Term Bond Index | 2,198,903 | |||
Money Market | — |
The 5–15 Year Laddered Tax-Exempt Bond Fund paid distributions to shareholders during the year ended March 31, 2021 and the year ended March 31, 2020, totaling $6,310,471 and $6,715,043, of which $5,363,478 and $5,957,902, respectively, were exempt from federal income tax and have been designated as Exempt Interest Dividends.
Each Fund listed below had the following percentage, or maximum amount allowable, of ordinary dividends treated as Section 163(j) interest dividends pursuant to Section 163(j) of the Internal Revenue Code:
Fund | Percentage | |||
Bond Index | 90.4 | % | ||
Core Bond | 76.7 | |||
Core Impact Bond | 62.1 | |||
Core Plus Bond | 88.8 | |||
Green Bond | 80.1 | |||
High-Yield | 97.7 | |||
Inflation-Linked Bond | 100.0 | |||
Short Duration Impact Bond | 76.4 | |||
Short-Term Bond | 94.9 | |||
Short-Term Bond Index | 98.8 | |||
Money Market | 100.0 |
The Funds hereby designate their percentages of dividends paid from net ordinary income as dividends qualifying as Interest-Related Dividends and/or short-term capital gain dividends as defined in Internal Revenue Code Section 871(k) for the taxable periods ending December 31, 2020 and March 31, 2021.
4/1/2020– | 1/1/2021– | |||||||
Fund | 12/31/2020 | 3/31/2021 | ||||||
Bond Index | 89.3 | % | 88.9 | % | ||||
Core Bond | 78.3 | 74.6 | ||||||
Core Impact Bond | 75.6 | 73.3 | ||||||
Core Plus Bond | 75.9 | 67.6 | ||||||
Green Bond | 66.0 | 65.7 | ||||||
High-Yield | 83.5 | 86.5 | ||||||
Inflation-Linked Bond | 99.4 | 96.1 | ||||||
Short Duration Impact Bond | 71.8 | 69.8 | ||||||
Short-Term Bond | 65.2 | 61.9 | ||||||
Short-Term Bond Index | 84.8 | 82.7 | ||||||
Money Market | 99.9 | 99.7 |
The information and distributions reported herein may differ from the information and distributions reported to shareholders for the calendar year ending December 31, 2021, which will be reported in conjunction with your 2021 Form 1099-DIV.
By early 2022, 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.
TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Annual Report | 99 |
Trustees and officers (unaudited)
TIAA-CREF Funds ■ May 12, 2021
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). | 88 | 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). | 88 | Board Member, Lumina Foundation 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, Northwestern University (2002–2011 and since 2013), Senior Associate Dean for Strategy and Academics (since 2020) and Chair of the Finance Department (2005–2007). Assistant Secretary for Economic Policy, United States Department of the Treasury (2011–2013). | 88 | 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 of certain funds advised by American Beacon Advisors, Inc. | 88 | 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 (2014–2021) and Chief Operating Officer (2007–2014), Copper Rock Capital Partners, LLC. Chief Operating Officer, DDJ Capital Management (2003–2006). | 88 | Trustee, Dexter Southfield School; Member, Governing Council of the Independent Directors Council. |
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 President and Provost (2010–2012), Acting Dean (2009), Vice Dean for Budget (2003–2006) and on the faculty (since 1989) of Harvard Law School. | 88 | 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. Trustee since 2011; Chairman for term ending June 30, 2023. 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. | 88 | Director and Chair of the Finance and Investment Committee, Aflac Incorporated; Director and Investment Committee Member, Sansum Clinic; Director, ParentSquare; 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. | 88 | Director, National Bureau of Economic Research; Trustee, Alfred P. Sloan Foundation; Member, Congressional Budget Office Panel of Economic Advisers. |
100 | 2021 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
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). | 88 | Director, TheraTrue Inc. |
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 (2019–2020), Vice President (2013–2018), Society of Financial Studies. President (since 2020), Vice President (2019–2020) American Finance Association. | 88 | 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 |
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 College Retirement Equities Fund (“CREF”), TIAA Separate Account VA-1, TIAA-CREF Funds and TIAA-CREF Life Funds (collectively, 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 and Corporate Secretary of TIAA and the TIAA-CREF Fund Complex. Formerly, Managing Director, Special Assistant to the CEO, and Managing Director, Regulatory Affairs, TIAA. Prior to joining TIAA, Mr. Dorn served as a partner at Davis & Harman LLP and an adjunct professor of Law at Georgetown University Law Center. |
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. Chief Executive Officer and President of CREF and TIAA Separate Account VA-1. 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, President and Chief Investment Officer, Nuveen; Executive Vice President, Chief Investment Officer and President, Nuveen Global Investments; and Senior Managing Director, President, Global Investments, TIAA. |
David Nason TIAA 730 Third Ave. New York, NY 10017-3206 YOB: 1970 | Executive Vice President | One-year term. Executive Vice President since 2020. | Senior Executive Vice President, Chief Legal, Risk and Compliance Officer of TIAA. Executive Vice President of the TIAA-CREF Fund Complex. Formerly, Executive Vice President, Chief Risk and Compliance Officer, TIAA. Prior to joining TIAA, Mr. Nason served as President and CEO of GE Energy Financial Services. |
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Trustees and officers (unaudited) | concluded |
TIAA-CREF Funds ■ May 12, 2021
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. |
E. Scott Wickerham TIAA 730 Third Avenue New York, NY 10017-3206 YOB: 1973 | Principal Financial Officer, Principal Accounting Officer and Treasurer | One-year term. 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 Fund Complex; 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.
102 | 2021 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
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 any initial approval or annual renewal of an investment management agreement 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 (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 videoconference meeting on March 12, 2021, 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
representatives of Advisors, 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 considered, 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 shares as the base share class for comparison purposes.
In advance of the Board meeting held on March 12, 2021, 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 contractual fee rate, 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 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
TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Annual Report | 103 |
Approval of investment management agreement (unaudited)
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) draft narrative explanations to be included in shareholder reports 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. Additionally, 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.
On March 4, 2021, the Board held a videoconference meeting with legal counsel to the Trustees to discuss Advisors’ materials, which led to the Trustees providing additional questions to, and requesting additional information from, Advisors. Subsequently, at the March 12, 2021 meeting, the Trustees were given the opportunity to, and did, ask additional questions and they discussed 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 considered 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 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, if applicable, through management fee breakpoints; (7) comparisons, if applicable, 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 identified by Advisors derived or anticipated to be derived by Advisors or its affiliates from their relationship with the Fund. 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 12, 2021 meeting that included Advisors’ personnel, the Trustees met in executive sessions, at which no representatives of Advisors 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 12, 2021 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, discussed 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 their regularly scheduled meetings, the Board and its Investment Committee and its other Committees receive and discuss information regarding the performance of the Funds and other matters. 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 12, 2021, 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.
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
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continued
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 2020. 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, 2020. However, with respect to the Green 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 during the year ending April 30, 2021 and Advisors commitment to continue these voluntary waivers for the year ending April 30, 2022. The Board acknowledged Advisors’ contractual reduction of the International Bond Fund’s management fees by 0.05% in 2020. The Board also considered the contractual reduction of management fees for the Bond Index Fund by 0.03% and for the Short-Term Bond Index Fund by 0.01% starting August 1, 2021 and the further contractual reduction of these fees for these Funds by 0.01% each starting August 1, 2022. 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 2020, 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,
TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Annual Report | 105 |
Approval of investment management agreement (unaudited)
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.
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 Bond, Core Bond Plus and Core Impact Bond Funds 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 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, 2020. 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, 2020. 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 2020 under the Agreement.
Bond Index Fund
• | The Fund’s annual contractual management fee rate is 0.10% of average daily net assets. |
• | Effective August 1, 2021, the Fund’s contractual management fee rate will be reduced to 0.07% of average daily net assets, and effective August 1, 2022, the Fund’s contractual management fee rate will be reduced to 0.06% of average daily net assets. |
• | The Fund’s total expense ratio, actual management fee rate and contractual management fee rate ranked 2 out of 5 funds, 2 out of 5 funds and 1 out of 5 funds within the group of comparable funds selected by Broadridge for expense comparison purposes (“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, respectively, of 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 was the same as compared to its benchmark, the Bloomberg Barclays U.S. Aggregate Bond Index. |
• | 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. |
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continued
Core 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, 2020 asset level was 0.277% 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 5th, 4th, 4th and 3rd 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 3rd, 3rd, 2nd and 1st quintiles of the universe of comparable funds selected by Broadridge for 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
• | 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, 2020 asset level was 0.331% 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 5th, 4th and 3rd quintiles of its Performance Group for the one-, three- and five-year periods, respectively. The Fund was in the 4th, 3rd and 2nd 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
• | 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, 2020 asset level was 0.283% 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 its Expense Universe. |
• | The Fund was in the 3rd quintile of its Performance Group and 4th, 3rd, 2nd 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, 2020 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 its Expense Universe. |
• | The Fund was in the 4th, 1st, 2nd and 2nd quintiles of its Performance Group for the one-, three-, five- and ten-year periods, respectively. The Fund was in the 3rd, 1st, 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 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, 2020 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 were in the 2nd, 1st and 3rd 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, 1st and 2nd quintiles of its Expense Universe, respectively. |
• | The Fund was in the 3rd quintile of both its Performance Group and its Performance Universe for 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. |
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. The Fund’s effective management fee rate at its December 31, 2020 asset level was 0.337% of average daily net assets, which includes the effect of a voluntary management fee rate waiver of 0.015% for the year ended April 30, 2021. |
• | Effective May 1, 2021, Advisors has voluntarily agreed to continue to reduce the Fund’s management fee rate by 0.015% through April 30, 2022. |
• | 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, 4th and 3rd quintiles of its Performance Group for the one-, three-, five- and ten-year periods, respectively. The Fund was in the 5th, 3rd, 2nd 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. |
TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Annual Report | 107 |
Approval of investment management agreement (unaudited) | concluded |
• | 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. The Fund’s effective management fee rate at its December 31, 2020 asset level was 0.238% of average daily net assets, which includes the effect of a voluntary management fee rate waiver of 0.020% for the year ended April 30, 2021. |
• | Effective May 1, 2021, Advisors has voluntarily agreed to continue to reduce the Fund’s management fee rate by 0.020% through April 30, 2022. |
• | 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 its Expense Universe. |
• | The Fund was in the 4th quintile of its Performance Group for the one-, three- and five- year periods and ranked 5 out of 5 funds within its Performance Group for the ten-year period. The Fund was in the 4th, 4th, 4th and 3rd 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 1st, 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 1st, 1st, 1st and 4th 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 earned a net profit 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, 2020 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 quintile of both its Performance Group and Performance Universe 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, 2020 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, 5th, 4th and 3rd quintiles of its Performance Group for the one-, three-, five-and ten-year periods, respectively. The Fund was in the 3rd, 3rd, 3rd 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. |
• | Effective August 1, 2021, the Fund’s contractual management fee rate will be reduced to 0.06% of average daily net assets, and effective August 1, 2022, the Fund’s contractual management fee rate will be reduced to 0.05% 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 both its Expense Group and 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 –1 basis point. |
• | 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.
108 | 2021 Annual Report ■ TIAA-CREF Funds: Fixed-Income Funds |
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 9, 2021 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 January 1, 2020 through December 31, 2020 (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.
TIAA-CREF Funds: Fixed-Income Funds ■ 2021 Annual Report | 109 |
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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 for informational or educational purposes only and does not constitute fiduciary investment advice under ERISA, a securities recommendation under all securities laws, or an insurance product recommendation under state insurance laws or regulations. This material does not take into account any specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should be made based on the investor’s own objectives and circumstances.
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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, 2021 and March 31, 2020 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, 2021 and March 31, 2020, PwC’s aggregate fees for the audit of the Registrant’s annual financial statements were $628,830 and $662,567, respectively.
4(b) Audit Related Fees.
For the fiscal years ended March 31, 2021 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, 2021 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, 2021 and March 31, 2020, PwC’s aggregate fees for tax services billed to the Registrant were $0 and $0, respectively.
For the fiscal years ended March 31, 2021 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, 2021 and March 31, 2020, PwC’s aggregate fees for all other services billed to the Registrant were $0 and $5,500, respectively.
For the fiscal years ended March 31, 2021 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, 2021 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, 2021 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, 2021 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, 2021 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, 2021 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, 2021 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, 2021 and March 31, 2020, aggregate non-audit fees billed to the Registrant and to its Fund Service Providers by PwC were $371,750 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, 2021 |
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
BONDS - 99.4% | |||||||||||||||
CORPORATE BONDS - 26.7% | |||||||||||||||
AUTOMOBILES & COMPONENTS - 0.1% | |||||||||||||||
$ | 250,000 | Aptiv plc | 4.250 | % | 01/15/26 | $ | 280,875 | ||||||||
100,000 | Aptiv plc | 4.350 | 03/15/29 | 112,640 | |||||||||||
100,000 | Aptiv plc | 4.400 | 10/01/46 | 106,917 | |||||||||||
575,000 | Aptiv plc | 5.400 | 03/15/49 | 702,686 | |||||||||||
200,000 | BorgWarner, Inc | 3.375 | 03/15/25 | 216,599 | |||||||||||
1,650,000 | BorgWarner, Inc | 2.650 | 07/01/27 | 1,713,260 | |||||||||||
200,000 | BorgWarner, Inc | 4.375 | 03/15/45 | 213,917 | |||||||||||
600,000 | Delphi Corp | 4.150 | 03/15/24 | 654,343 | |||||||||||
125,000 | General Motors Co | 4.875 | 10/02/23 | 136,844 | |||||||||||
500,000 | General Motors Co | 5.400 | 10/02/23 | 542,911 | |||||||||||
500,000 | General Motors Co | 6.125 | 10/01/25 | 587,954 | |||||||||||
500,000 | General Motors Co | 4.200 | 10/01/27 | 548,728 | |||||||||||
500,000 | General Motors Co | 6.800 | 10/01/27 | 620,281 | |||||||||||
700,000 | General Motors Co | 5.000 | 10/01/28 | 802,206 | |||||||||||
900,000 | General Motors Co | 6.600 | 04/01/36 | 1,168,141 | |||||||||||
700,000 | General Motors Co | 5.150 | 04/01/38 | 801,557 | |||||||||||
150,000 | General Motors Co | 6.250 | 10/02/43 | 192,103 | |||||||||||
175,000 | General Motors Co | 5.200 | 04/01/45 | 200,937 | |||||||||||
350,000 | General Motors Co | 6.750 | 04/01/46 | 472,442 | |||||||||||
500,000 | General Motors Co | 5.400 | 04/01/48 | 592,716 | |||||||||||
900,000 | General Motors Co | 5.950 | 04/01/49 | 1,142,026 | |||||||||||
175,000 | Harley-Davidson, Inc | 3.500 | 07/28/25 | 186,207 | |||||||||||
200,000 | Harley-Davidson, Inc | 4.625 | 07/28/45 | 207,602 | |||||||||||
800,000 | Lear Corp | 3.800 | 09/15/27 | 871,034 | |||||||||||
400,000 | Lear Corp | 4.250 | 05/15/29 | 443,155 | |||||||||||
500,000 | Lear Corp | 3.500 | 05/30/30 | 521,292 | |||||||||||
550,000 | Lear Corp | 5.250 | 05/15/49 | 644,415 | |||||||||||
300,000 | Magna International, Inc | 3.625 | 06/15/24 | 324,357 | |||||||||||
600,000 | Magna International, Inc | 4.150 | 10/01/25 | 672,596 | |||||||||||
175,000 | Magna International, Inc | 2.450 | 06/15/30 | 176,078 | |||||||||||
500,000 | Toyota Motor Corp | 2.157 | 07/02/22 | 511,535 | |||||||||||
300,000 | Toyota Motor Corp | 3.419 | 07/20/23 | 319,864 | |||||||||||
1,000,000 | Toyota Motor Corp | 0.681 | 03/25/24 | 999,771 | |||||||||||
750,000 | Toyota Motor Corp | 2.358 | 07/02/24 | 790,115 | |||||||||||
1,000,000 | Toyota Motor Corp | 1.339 | 03/25/26 | 997,439 | |||||||||||
300,000 | Toyota Motor Corp | 3.669 | 07/20/28 | 333,184 | |||||||||||
750,000 | Toyota Motor Corp | 2.760 | 07/02/29 | 781,150 | |||||||||||
1,000,000 | Toyota Motor Corp | 2.362 | 03/25/31 | 1,004,592 | |||||||||||
TOTAL AUTOMOBILES & COMPONENTS | 21,594,469 | ||||||||||||||
BANKS - 4.3% | |||||||||||||||
300,000 | Australia & New Zealand Banking Group Ltd | 2.625 | 05/19/22 | 307,940 | |||||||||||
550,000 | Australia & New Zealand Banking Group Ltd | 2.625 | 11/09/22 | 570,789 |
1 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 1,000,000 | Australia & New Zealand Banking Group Ltd | 2.050 | % | 11/21/22 | $ | 1,027,809 | ||||||||
525,000 | Australia & New Zealand Banking Group Ltd | 3.700 | 11/16/25 | 583,182 | |||||||||||
1,000,000 | Banco Bilbao Vizcaya Argentaria S.A. | 0.875 | 09/18/23 | 1,002,667 | |||||||||||
1,000,000 | Banco Bilbao Vizcaya Argentaria S.A. | 1.125 | 09/18/25 | 982,033 | |||||||||||
600,000 | Banco Santander S.A. | 3.500 | 04/11/22 | 618,128 | |||||||||||
800,000 | Banco Santander S.A. | 3.125 | 02/23/23 | 836,975 | |||||||||||
1,200,000 | Banco Santander S.A. | 3.848 | 04/12/23 | 1,276,057 | |||||||||||
800,000 | Banco Santander S.A. | 2.706 | 06/27/24 | 844,125 | |||||||||||
600,000 | Banco Santander S.A. | 2.746 | 05/28/25 | 626,898 | |||||||||||
400,000 | Banco Santander S.A. | 5.179 | 11/19/25 | 453,791 | |||||||||||
1,600,000 | Banco Santander S.A. | 1.849 | 03/25/26 | 1,596,935 | |||||||||||
600,000 | Banco Santander S.A. | 4.250 | 04/11/27 | 669,119 | |||||||||||
675,000 | Banco Santander S.A. | 3.800 | 02/23/28 | 728,411 | |||||||||||
1,800,000 | Banco Santander S.A. | 4.379 | 04/12/28 | 2,005,877 | |||||||||||
600,000 | Banco Santander S.A. | 3.306 | 06/27/29 | 635,936 | |||||||||||
400,000 | Banco Santander S.A. | 3.490 | 05/28/30 | 416,437 | |||||||||||
2,000,000 | Banco Santander S.A. | 2.749 | 12/03/30 | 1,905,049 | |||||||||||
1,000,000 | Banco Santander S.A. | 2.958 | 03/25/31 | 994,231 | |||||||||||
850,000 | Bancolombia S.A. | 3.000 | 01/29/25 | 868,275 | |||||||||||
1,200,000 | Bank of America Corp | 2.816 | 07/21/23 | 1,235,338 | |||||||||||
3,500,000 | Bank of America Corp | 4.125 | 01/22/24 | 3,825,481 | |||||||||||
1,475,000 | Bank of America Corp | 4.200 | 08/26/24 | 1,626,859 | |||||||||||
2,500,000 | Bank of America Corp | 0.810 | 10/24/24 | 2,506,196 | |||||||||||
10,300,000 | Bank of America Corp | 3.458 | 03/15/25 | 11,059,831 | |||||||||||
3,550,000 | Bank of America Corp | 3.950 | 04/21/25 | 3,892,426 | |||||||||||
3,000,000 | Bank of America Corp | 0.981 | 09/25/25 | 2,992,199 | |||||||||||
3,000,000 | Bank of America Corp | 3.093 | 10/01/25 | 3,201,708 | |||||||||||
725,000 | Bank of America Corp | 2.456 | 10/22/25 | 759,938 | |||||||||||
4,000,000 | Bank of America Corp | 3.366 | 01/23/26 | 4,306,338 | |||||||||||
3,000,000 | Bank of America Corp | 2.015 | 02/13/26 | 3,072,745 | |||||||||||
5,000,000 | Bank of America Corp | 1.319 | 06/19/26 | 4,984,748 | |||||||||||
4,500,000 | Bank of America Corp | 1.197 | 10/24/26 | 4,441,671 | |||||||||||
5,000,000 | Bank of America Corp | 1.658 | 03/11/27 | 5,015,098 | |||||||||||
7,800,000 | Bank of America Corp | 3.559 | 04/23/27 | 8,487,748 | |||||||||||
2,000,000 | Bank of America Corp | 3.593 | 07/21/28 | 2,170,599 | |||||||||||
5,690,000 | Bank of America Corp | 3.419 | 12/20/28 | 6,110,378 | |||||||||||
1,250,000 | Bank of America Corp | 3.970 | 03/05/29 | 1,377,332 | |||||||||||
1,400,000 | Bank of America Corp | 4.271 | 07/23/29 | 1,574,030 | |||||||||||
3,075,000 | Bank of America Corp | 3.974 | 02/07/30 | 3,412,898 | |||||||||||
1,675,000 | Bank of America Corp | 3.194 | 07/23/30 | 1,758,295 | |||||||||||
1,050,000 | Bank of America Corp | 2.884 | 10/22/30 | 1,079,436 | |||||||||||
4,000,000 | Bank of America Corp | 2.496 | 02/13/31 | 3,963,172 | |||||||||||
1,750,000 | Bank of America Corp | 2.592 | 04/29/31 | 1,746,346 | |||||||||||
3,000,000 | Bank of America Corp | 1.898 | 07/23/31 | 2,818,018 | |||||||||||
3,000,000 | Bank of America Corp | 1.922 | 10/24/31 | 2,823,197 | |||||||||||
3,000,000 | Bank of America Corp | 2.651 | 03/11/32 | 3,007,660 | |||||||||||
1,500,000 | Bank of America Corp | 6.110 | 01/29/37 | 1,986,285 | |||||||||||
4,500,000 | Bank of America Corp | 4.078 | 04/23/40 | 4,983,743 | |||||||||||
6,000,000 | Bank of America Corp | 2.676 | 06/19/41 | 5,617,092 | |||||||||||
1,500,000 | Bank of America Corp | 5.000 | 01/21/44 | 1,845,811 | |||||||||||
2,800,000 | Bank of America Corp | 4.443 | 01/20/48 | 3,254,220 | |||||||||||
3,000,000 | Bank of America Corp | 3.946 | 01/23/49 | 3,282,339 | |||||||||||
1,250,000 | Bank of America Corp | 4.330 | 03/15/50 | 1,441,363 | |||||||||||
1,500,000 | Bank of America Corp | 4.083 | 03/20/51 | 1,665,461 |
2 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 1,000,000 | Bank of America Corp | 2.831 | % | 10/24/51 | $ | 918,080 | ||||||||
1,950,000 | Bank of America Corp | 3.483 | 03/13/52 | 1,987,024 | |||||||||||
550,000 | Bank of America NA | 3.335 | 01/25/23 | 563,161 | |||||||||||
1,500,000 | Bank of Montreal | 2.900 | 03/26/22 | 1,538,681 | |||||||||||
850,000 | Bank of Montreal | 2.350 | 09/11/22 | 876,072 | |||||||||||
1,000,000 | Bank of Montreal | 2.050 | 11/01/22 | 1,027,037 | |||||||||||
350,000 | Bank of Montreal | 2.550 | 11/06/22 | 361,260 | |||||||||||
2,000,000 | Bank of Montreal | 0.450 | 12/08/23 | 1,993,435 | |||||||||||
1,425,000 | Bank of Montreal | 3.300 | 02/05/24 | 1,528,499 | |||||||||||
1,000,000 | Bank of Montreal | 2.500 | 06/28/24 | 1,055,177 | |||||||||||
750,000 | Bank of Montreal | 1.850 | 05/01/25 | 768,768 | |||||||||||
1,000,000 | Bank of Montreal | 0.949 | 01/22/27 | 973,929 | |||||||||||
750,000 | Bank of Montreal | 4.338 | 10/05/28 | 812,163 | |||||||||||
425,000 | Bank of Montreal | 3.803 | 12/15/32 | 466,846 | |||||||||||
750,000 | e | Bank of Montreal | 4.800 | N/A‡ | 786,375 | ||||||||||
1,000,000 | Bank of Nova Scotia | 1.875 | 04/26/21 | 1,000,978 | |||||||||||
1,000,000 | Bank of Nova Scotia | 2.000 | 11/15/22 | 1,026,746 | |||||||||||
375,000 | Bank of Nova Scotia | 2.375 | 01/18/23 | 387,947 | |||||||||||
750,000 | Bank of Nova Scotia | 1.950 | 02/01/23 | 771,002 | |||||||||||
750,000 | Bank of Nova Scotia | 1.625 | 05/01/23 | 768,931 | |||||||||||
1,000,000 | Bank of Nova Scotia | 0.550 | 09/15/23 | 1,000,205 | |||||||||||
750,000 | Bank of Nova Scotia | 2.200 | 02/03/25 | 777,906 | |||||||||||
2,000,000 | Bank of Nova Scotia | 1.300 | 06/11/25 | 2,005,632 | |||||||||||
1,550,000 | Bank of Nova Scotia | 4.500 | 12/16/25 | 1,760,121 | |||||||||||
1,000,000 | Bank of Nova Scotia | 2.700 | 08/03/26 | 1,059,695 | |||||||||||
2,000,000 | Barclays Bank plc | 1.700 | 05/12/22 | 2,027,639 | |||||||||||
2,000,000 | Barclays plc | 3.200 | 08/10/21 | 2,019,797 | |||||||||||
1,500,000 | Barclays plc | 3.684 | 01/10/23 | 1,534,253 | |||||||||||
1,500,000 | Barclays plc | 4.610 | 02/15/23 | 1,549,779 | |||||||||||
525,000 | Barclays plc | 4.338 | 05/16/24 | 562,160 | |||||||||||
200,000 | Barclays plc | 4.375 | 09/11/24 | 218,596 | |||||||||||
2,000,000 | Barclays plc | 1.007 | 12/10/24 | 1,998,354 | |||||||||||
1,425,000 | Barclays plc | 3.650 | 03/16/25 | 1,531,558 | |||||||||||
2,750,000 | Barclays plc | 3.932 | 05/07/25 | 2,968,245 | |||||||||||
975,000 | Barclays plc | 4.375 | 01/12/26 | 1,086,553 | |||||||||||
2,000,000 | Barclays plc | 2.852 | 05/07/26 | 2,093,680 | |||||||||||
800,000 | Barclays plc | 5.200 | 05/12/26 | 903,440 | |||||||||||
700,000 | Barclays plc | 4.337 | 01/10/28 | 776,834 | |||||||||||
1,975,000 | Barclays plc | 4.836 | 05/09/28 | 2,201,468 | |||||||||||
1,500,000 | Barclays plc | 4.972 | 05/16/29 | 1,724,761 | |||||||||||
1,000,000 | Barclays plc | 5.088 | 06/20/30 | 1,132,591 | |||||||||||
2,000,000 | Barclays plc | 2.645 | 06/24/31 | 1,965,072 | |||||||||||
1,500,000 | Barclays plc | 2.667 | 03/10/32 | 1,464,209 | |||||||||||
1,750,000 | Barclays plc | 3.564 | 09/23/35 | 1,752,520 | |||||||||||
1,000,000 | Barclays plc | 3.811 | 03/10/42 | 979,637 | |||||||||||
775,000 | Barclays plc | 5.250 | 08/17/45 | 956,992 | |||||||||||
575,000 | Barclays plc | 4.950 | 01/10/47 | 694,411 | |||||||||||
500,000 | BBVA USA | 3.500 | 06/11/21 | 501,615 | |||||||||||
500,000 | BBVA USA | 2.875 | 06/29/22 | 514,168 | |||||||||||
1,000,000 | BBVA USA | 2.500 | 08/27/24 | 1,051,170 | |||||||||||
500,000 | BBVA USA | 3.875 | 04/10/25 | 546,297 | |||||||||||
675,000 | BNP Paribas S.A. | 3.250 | 03/03/23 | 710,968 | |||||||||||
1,350,000 | BNP Paribas S.A. | 4.250 | 10/15/24 | 1,494,235 |
3 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 1,100,000 | g | BNP Paribas S.A. | 1.904 | % | 09/30/28 | $ | 1,081,201 | |||||||
500,000 | Canadian Imperial Bank of Commerce | 2.550 | 06/16/22 | 513,485 | |||||||||||
800,000 | Canadian Imperial Bank of Commerce | 0.950 | 06/23/23 | 807,082 | |||||||||||
1,000,000 | Canadian Imperial Bank of Commerce | 2.606 | 07/22/23 | 1,026,735 | |||||||||||
500,000 | Canadian Imperial Bank of Commerce | 3.500 | 09/13/23 | 536,660 | |||||||||||
2,000,000 | Canadian Imperial Bank of Commerce | 0.500 | 12/14/23 | 1,992,150 | |||||||||||
750,000 | Canadian Imperial Bank of Commerce | 3.100 | 04/02/24 | 798,884 | |||||||||||
1,000,000 | Canadian Imperial Bank of Commerce | 2.250 | 01/28/25 | 1,037,019 | |||||||||||
1,000,000 | Canadian Imperial Bank of Commerce | 0.950 | 10/23/25 | 980,722 | |||||||||||
3,000,000 | CitiBank NA | 2.844 | 05/20/22 | 3,009,518 | |||||||||||
2,000,000 | CitiBank NA | 3.650 | 01/23/24 | 2,165,240 | |||||||||||
1,250,000 | Citigroup, Inc | 2.350 | 08/02/21 | 1,258,786 | |||||||||||
100,000 | Citigroup, Inc | 2.900 | 12/08/21 | 101,590 | |||||||||||
3,000,000 | Citigroup, Inc | 4.500 | 01/14/22 | 3,097,230 | |||||||||||
425,000 | Citigroup, Inc | 2.312 | 11/04/22 | 429,523 | |||||||||||
800,000 | Citigroup, Inc | 3.142 | 01/24/23 | 816,608 | |||||||||||
4,600,000 | Citigroup, Inc | 3.500 | 05/15/23 | 4,866,624 | |||||||||||
1,400,000 | Citigroup, Inc | 2.876 | 07/24/23 | 1,442,078 | |||||||||||
1,500,000 | Citigroup, Inc | 4.044 | 06/01/24 | 1,607,756 | |||||||||||
500,000 | Citigroup, Inc | 4.000 | 08/05/24 | 546,021 | |||||||||||
3,250,000 | Citigroup, Inc | 0.776 | 10/30/24 | 3,247,792 | |||||||||||
7,500,000 | Citigroup, Inc | 3.352 | 04/24/25 | 8,026,571 | |||||||||||
1,000,000 | Citigroup, Inc | 3.700 | 01/12/26 | 1,098,323 | |||||||||||
750,000 | Citigroup, Inc | 4.600 | 03/09/26 | 846,290 | |||||||||||
3,000,000 | Citigroup, Inc | 3.106 | 04/08/26 | 3,202,389 | |||||||||||
1,100,000 | Citigroup, Inc | 4.300 | 11/20/26 | 1,227,020 | |||||||||||
4,000,000 | Citigroup, Inc | 1.122 | 01/28/27 | 3,912,682 | |||||||||||
1,500,000 | Citigroup, Inc | 4.450 | 09/29/27 | 1,692,880 | |||||||||||
1,000,000 | Citigroup, Inc | 3.668 | 07/24/28 | 1,093,623 | |||||||||||
2,025,000 | Citigroup, Inc | 4.125 | 07/25/28 | 2,240,918 | |||||||||||
4,000,000 | Citigroup, Inc | 4.075 | 04/23/29 | 4,450,001 | |||||||||||
1,750,000 | Citigroup, Inc | 3.980 | 03/20/30 | 1,937,344 | |||||||||||
1,500,000 | Citigroup, Inc | 2.976 | 11/05/30 | 1,551,282 | |||||||||||
5,000,000 | Citigroup, Inc | 2.666 | 01/29/31 | 5,023,631 | |||||||||||
2,200,000 | Citigroup, Inc | 4.412 | 03/31/31 | 2,510,667 | |||||||||||
6,000,000 | Citigroup, Inc | 2.572 | 06/03/31 | 5,995,308 | |||||||||||
175,000 | Citigroup, Inc | 6.625 | 06/15/32 | 231,754 | |||||||||||
750,000 | Citigroup, Inc | 3.878 | 01/24/39 | 810,061 | |||||||||||
325,000 | Citigroup, Inc | 8.125 | 07/15/39 | 533,606 | |||||||||||
350,000 | Citigroup, Inc | 5.875 | 01/30/42 | 475,048 | |||||||||||
400,000 | Citigroup, Inc | 6.675 | 09/13/43 | 584,593 | |||||||||||
125,000 | Citigroup, Inc | 5.300 | 05/06/44 | 158,201 | |||||||||||
675,000 | Citigroup, Inc | 4.650 | 07/30/45 | 806,227 | |||||||||||
3,075,000 | Citigroup, Inc | 4.750 | 05/18/46 | 3,664,466 | |||||||||||
5,075,000 | Citigroup, Inc | 4.650 | 07/23/48 | 6,227,369 | |||||||||||
150,000 | Citizens Bank NA | 2.550 | 05/13/21 | 150,071 | |||||||||||
350,000 | Citizens Bank NA | 2.650 | 05/26/22 | 358,279 | |||||||||||
500,000 | Citizens Bank NA | 3.700 | 03/29/23 | 529,737 | |||||||||||
350,000 | Citizens Bank NA | 2.250 | 04/28/25 | 363,161 | |||||||||||
250,000 | Citizens Bank NA | 3.750 | 02/18/26 | 274,951 | |||||||||||
100,000 | Citizens Financial Group, Inc | 2.375 | 07/28/21 | 100,480 | |||||||||||
500,000 | Citizens Financial Group, Inc | 2.850 | 07/27/26 | 530,219 | |||||||||||
200,000 | Citizens Financial Group, Inc | 2.500 | 02/06/30 | 198,191 | |||||||||||
450,000 | Citizens Financial Group, Inc | 3.250 | 04/30/30 | 477,831 |
4 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 850,000 | g | Citizens Financial Group, Inc | 2.638 | % | 09/30/32 | $ | 813,875 | |||||||
500,000 | Comerica Bank | 2.500 | 07/23/24 | 528,605 | |||||||||||
200,000 | Comerica Bank | 4.000 | 07/27/25 | 221,269 | |||||||||||
625,000 | Comerica, Inc | 3.700 | 07/31/23 | 668,283 | |||||||||||
550,000 | Comerica, Inc | 4.000 | 02/01/29 | 613,916 | |||||||||||
925,000 | Cooperatieve Rabobank UA | 2.750 | 01/10/22 | 942,877 | |||||||||||
575,000 | Cooperatieve Rabobank UA | 3.950 | 11/09/22 | 605,424 | |||||||||||
425,000 | Cooperatieve Rabobank UA | 4.625 | 12/01/23 | 465,764 | |||||||||||
2,000,000 | Cooperatieve Rabobank UA | 0.375 | 01/12/24 | 1,989,578 | |||||||||||
2,050,000 | Cooperatieve Rabobank UA | 3.375 | 05/21/25 | 2,235,751 | |||||||||||
600,000 | Cooperatieve Rabobank UA | 4.375 | 08/04/25 | 664,473 | |||||||||||
2,700,000 | Cooperatieve Rabobank UA | 3.750 | 07/21/26 | 2,944,636 | |||||||||||
550,000 | Cooperatieve Rabobank UA | 5.250 | 05/24/41 | 711,558 | |||||||||||
400,000 | Cooperatieve Rabobank UA | 5.750 | 12/01/43 | 537,133 | |||||||||||
1,600,000 | Cooperatieve Rabobank UA | 5.250 | 08/04/45 | 2,046,251 | |||||||||||
300,000 | Discover Bank | 3.200 | 08/09/21 | 302,265 | |||||||||||
1,300,000 | Discover Bank | 3.350 | 02/06/23 | 1,360,078 | |||||||||||
1,350,000 | Discover Bank | 4.200 | 08/08/23 | 1,456,621 | |||||||||||
1,000,000 | Discover Bank | 2.450 | 09/12/24 | 1,046,740 | |||||||||||
200,000 | Discover Bank | 4.250 | 03/13/26 | 223,547 | |||||||||||
1,125,000 | Discover Bank | 3.450 | 07/27/26 | 1,217,444 | |||||||||||
300,000 | Discover Bank | 4.682 | 08/09/28 | 319,980 | |||||||||||
350,000 | Discover Bank | 4.650 | 09/13/28 | 399,854 | |||||||||||
325,000 | Discover Bank | 2.700 | 02/06/30 | 327,203 | |||||||||||
200,000 | Fifth Third Bancorp | 3.500 | 03/15/22 | 205,437 | |||||||||||
750,000 | Fifth Third Bancorp | 2.600 | 06/15/22 | 768,496 | |||||||||||
450,000 | Fifth Third Bancorp | 4.300 | 01/16/24 | 492,062 | |||||||||||
675,000 | Fifth Third Bancorp | 3.650 | 01/25/24 | 727,253 | |||||||||||
1,000,000 | Fifth Third Bancorp | 2.375 | 01/28/25 | 1,042,623 | |||||||||||
300,000 | Fifth Third Bancorp | 2.550 | 05/05/27 | 312,099 | |||||||||||
500,000 | Fifth Third Bancorp | 3.950 | 03/14/28 | 565,327 | |||||||||||
140,000 | Fifth Third Bancorp | 8.250 | 03/01/38 | 226,012 | |||||||||||
650,000 | Fifth Third Bank | 3.350 | 07/26/21 | 654,506 | |||||||||||
500,000 | Fifth Third Bank | 1.800 | 01/30/23 | 512,652 | |||||||||||
300,000 | Fifth Third Bank | 3.950 | 07/28/25 | 333,986 | |||||||||||
2,400,000 | Fifth Third Bank | 3.850 | 03/15/26 | 2,641,979 | |||||||||||
1,000,000 | Fifth Third Bank | 2.250 | 02/01/27 | 1,035,621 | |||||||||||
500,000 | First Citizens BancShares, Inc | 3.375 | 03/15/30 | 504,922 | |||||||||||
500,000 | First Horizon Bank | 5.750 | 05/01/30 | 601,327 | |||||||||||
500,000 | First Horizon National Corp | 3.550 | 05/26/23 | 528,542 | |||||||||||
500,000 | First Horizon National Corp | 4.000 | 05/26/25 | 548,729 | |||||||||||
2,200,000 | First Republic Bank | 2.500 | 06/06/22 | 2,249,157 | |||||||||||
500,000 | First Republic Bank | 1.912 | 02/12/24 | 511,719 | |||||||||||
175,000 | First Republic Bank | 4.375 | 08/01/46 | 200,689 | |||||||||||
550,000 | FNB Corp | 2.200 | 02/24/23 | 560,733 | |||||||||||
33,000 | HSBC Bank USA NA | 7.000 | 01/15/39 | 48,777 | |||||||||||
600,000 | HSBC Holdings plc | 3.033 | 11/22/23 | 624,039 | |||||||||||
2,625,000 | HSBC Holdings plc | 4.250 | 03/14/24 | 2,856,931 | |||||||||||
2,325,000 | HSBC Holdings plc | 3.950 | 05/18/24 | 2,481,376 | |||||||||||
450,000 | HSBC Holdings plc | 4.250 | 08/18/25 | 494,800 | |||||||||||
2,000,000 | HSBC Holdings plc | 2.633 | 11/07/25 | 2,090,213 | |||||||||||
1,875,000 | HSBC Holdings plc | 4.300 | 03/08/26 | 2,098,899 | |||||||||||
825,000 | HSBC Holdings plc | 1.645 | 04/18/26 | 825,506 |
5 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 2,475,000 | HSBC Holdings plc | 3.900 | % | 05/25/26 | $ | 2,729,034 | ||||||||
1,500,000 | HSBC Holdings plc | 2.099 | 06/04/26 | 1,525,311 | |||||||||||
1,100,000 | HSBC Holdings plc | 4.292 | 09/12/26 | 1,217,527 | |||||||||||
450,000 | HSBC Holdings plc | 4.375 | 11/23/26 | 501,207 | |||||||||||
4,000,000 | HSBC Holdings plc | 1.589 | 05/24/27 | 3,936,480 | |||||||||||
3,925,000 | HSBC Holdings plc | 4.041 | 03/13/28 | 4,296,903 | |||||||||||
5,000,000 | HSBC Holdings plc | 2.013 | 09/22/28 | 4,913,286 | |||||||||||
2,775,000 | HSBC Holdings plc | 4.583 | 06/19/29 | 3,118,538 | |||||||||||
4,000,000 | HSBC Holdings plc | 3.973 | 05/22/30 | 4,328,421 | |||||||||||
3,000,000 | HSBC Holdings plc | 2.848 | 06/04/31 | 3,000,285 | |||||||||||
750,000 | HSBC Holdings plc | 2.357 | 08/18/31 | 721,783 | |||||||||||
300,000 | HSBC Holdings plc | 6.500 | 05/02/36 | 393,349 | |||||||||||
2,700,000 | HSBC Holdings plc | 6.500 | 09/15/37 | 3,592,670 | |||||||||||
200,000 | HSBC Holdings plc | 6.800 | 06/01/38 | 274,295 | |||||||||||
550,000 | HSBC Holdings plc | 6.100 | 01/14/42 | 759,179 | |||||||||||
1,175,000 | HSBC Holdings plc | 5.250 | 03/14/44 | 1,433,757 | |||||||||||
1,250,000 | HSBC USA, Inc | 3.500 | 06/23/24 | 1,351,001 | |||||||||||
183,000 | Huntington Bancshares, Inc | 2.300 | 01/14/22 | 185,594 | |||||||||||
1,000,000 | Huntington Bancshares, Inc | 2.625 | 08/06/24 | 1,054,931 | |||||||||||
500,000 | Huntington Bancshares, Inc | 4.000 | 05/15/25 | 554,085 | |||||||||||
1,000,000 | Huntington Bancshares, Inc | 2.550 | 02/04/30 | 1,002,522 | |||||||||||
300,000 | Huntington National Bank | 3.125 | 04/01/22 | 307,577 | |||||||||||
375,000 | Huntington National Bank | 1.800 | 02/03/23 | 383,519 | |||||||||||
300,000 | Industrial & Commercial Bank of China Ltd | 2.635 | 05/26/21 | 300,749 | |||||||||||
250,000 | Industrial & Commercial Bank of China Ltd | 2.452 | 10/20/21 | 251,985 | |||||||||||
4,750,000 | Industrial & Commercial Bank of China Ltd | 3.538 | 11/08/27 | 5,194,568 | |||||||||||
750,000 | ING Groep NV | 3.150 | 03/29/22 | 770,667 | |||||||||||
1,200,000 | ING Groep NV | 4.100 | 10/02/23 | 1,299,138 | |||||||||||
575,000 | ING Groep NV | 3.550 | 04/09/24 | 618,997 | |||||||||||
1,250,000 | ING Groep NV | 3.950 | 03/29/27 | 1,385,139 | |||||||||||
1,500,000 | h | ING Groep NV | 1.726 | 04/01/27 | 1,500,867 | ||||||||||
500,000 | ING Groep NV | 4.550 | 10/02/28 | 572,085 | |||||||||||
1,325,000 | ING Groep NV | 4.050 | 04/09/29 | 1,474,133 | |||||||||||
475,000 | h | ING Groep NV | 2.727 | 04/01/32 | 474,715 | ||||||||||
800,000 | JPMorgan Chase & Co | 3.250 | 09/23/22 | 834,641 | |||||||||||
3,150,000 | JPMorgan Chase & Co | 2.972 | 01/15/23 | 3,213,003 | |||||||||||
3,075,000 | JPMorgan Chase & Co | 3.200 | 01/25/23 | 3,230,009 | |||||||||||
2,100,000 | JPMorgan Chase & Co | 3.207 | 04/01/23 | 2,156,991 | |||||||||||
500,000 | JPMorgan Chase & Co | 3.375 | 05/01/23 | 529,223 | |||||||||||
625,000 | JPMorgan Chase & Co | 2.700 | 05/18/23 | 652,026 | |||||||||||
475,000 | JPMorgan Chase & Co | 3.875 | 02/01/24 | 517,405 | |||||||||||
4,400,000 | JPMorgan Chase & Co | 3.559 | 04/23/24 | 4,663,134 | |||||||||||
1,525,000 | JPMorgan Chase & Co | 3.625 | 05/13/24 | 1,662,128 | |||||||||||
2,000,000 | JPMorgan Chase & Co | 1.514 | 06/01/24 | 2,041,505 | |||||||||||
1,575,000 | JPMorgan Chase & Co | 3.797 | 07/23/24 | 1,685,749 | |||||||||||
2,675,000 | JPMorgan Chase & Co | 3.875 | 09/10/24 | 2,932,611 | |||||||||||
3,000,000 | JPMorgan Chase & Co | 0.653 | 09/16/24 | 3,005,834 | |||||||||||
975,000 | JPMorgan Chase & Co | 4.023 | 12/05/24 | 1,057,799 | |||||||||||
625,000 | JPMorgan Chase & Co | 3.125 | 01/23/25 | 669,614 | |||||||||||
475,000 | JPMorgan Chase & Co | 0.563 | 02/16/25 | 471,469 | |||||||||||
1,200,000 | JPMorgan Chase & Co | 3.220 | 03/01/25 | 1,280,254 | |||||||||||
2,125,000 | JPMorgan Chase & Co | 3.900 | 07/15/25 | 2,345,764 | |||||||||||
2,000,000 | JPMorgan Chase & Co | 2.301 | 10/15/25 | 2,081,872 | |||||||||||
2,000,000 | JPMorgan Chase & Co | 2.005 | 03/13/26 | 2,056,700 |
6 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 3,125,000 | JPMorgan Chase & Co | 3.300 | % | 04/01/26 | $ | 3,400,224 | ||||||||
2,000,000 | JPMorgan Chase & Co | 2.083 | 04/22/26 | 2,054,129 | |||||||||||
1,450,000 | JPMorgan Chase & Co | 3.200 | 06/15/26 | 1,567,508 | |||||||||||
1,000,000 | JPMorgan Chase & Co | 2.950 | 10/01/26 | 1,069,618 | |||||||||||
4,000,000 | JPMorgan Chase & Co | 1.045 | 11/19/26 | 3,906,826 | |||||||||||
1,350,000 | JPMorgan Chase & Co | 4.125 | 12/15/26 | 1,520,433 | |||||||||||
2,450,000 | JPMorgan Chase & Co | 3.960 | 01/29/27 | 2,709,595 | |||||||||||
4,000,000 | JPMorgan Chase & Co | 1.040 | 02/04/27 | 3,901,342 | |||||||||||
250,000 | JPMorgan Chase & Co | 4.250 | 10/01/27 | 283,338 | |||||||||||
325,000 | JPMorgan Chase & Co | 3.625 | 12/01/27 | 353,137 | |||||||||||
1,375,000 | JPMorgan Chase & Co | 3.782 | 02/01/28 | 1,515,500 | |||||||||||
425,000 | JPMorgan Chase & Co | 3.540 | 05/01/28 | 462,549 | |||||||||||
6,000,000 | JPMorgan Chase & Co | 2.182 | 06/01/28 | 6,062,524 | |||||||||||
2,050,000 | JPMorgan Chase & Co | 4.203 | 07/23/29 | 2,319,130 | |||||||||||
1,750,000 | JPMorgan Chase & Co | 4.452 | 12/05/29 | 2,004,559 | |||||||||||
4,500,000 | JPMorgan Chase & Co | 3.702 | 05/06/30 | 4,904,810 | |||||||||||
2,000,000 | JPMorgan Chase & Co | 2.522 | 04/22/31 | 1,995,789 | |||||||||||
1,425,000 | JPMorgan Chase & Co | 2.956 | 05/13/31 | 1,451,350 | |||||||||||
5,000,000 | JPMorgan Chase & Co | 1.764 | 11/19/31 | 4,663,468 | |||||||||||
2,250,000 | JPMorgan Chase & Co | 1.953 | 02/04/32 | 2,132,464 | |||||||||||
1,000,000 | JPMorgan Chase & Co | 3.882 | 07/24/38 | 1,109,699 | |||||||||||
958,000 | JPMorgan Chase & Co | 5.500 | 10/15/40 | 1,254,954 | |||||||||||
2,000,000 | JPMorgan Chase & Co | 3.109 | 04/22/41 | 1,988,690 | |||||||||||
4,500,000 | JPMorgan Chase & Co | 2.525 | 11/19/41 | 4,121,753 | |||||||||||
1,000,000 | JPMorgan Chase & Co | 5.625 | 08/16/43 | 1,329,917 | |||||||||||
1,800,000 | JPMorgan Chase & Co | 4.950 | 06/01/45 | 2,245,777 | |||||||||||
2,050,000 | JPMorgan Chase & Co | 4.260 | 02/22/48 | 2,380,162 | |||||||||||
1,000,000 | JPMorgan Chase & Co | 4.032 | 07/24/48 | 1,121,015 | |||||||||||
4,500,000 | JPMorgan Chase & Co | 3.964 | 11/15/48 | 4,962,627 | |||||||||||
1,750,000 | JPMorgan Chase & Co | 3.897 | 01/23/49 | 1,925,762 | |||||||||||
2,000,000 | JPMorgan Chase & Co | 3.109 | 04/22/51 | 1,958,724 | |||||||||||
750,000 | JPMorgan Chase & Co | 6.000 | N/A‡ | 786,175 | |||||||||||
500,000 | KeyBank NA | 2.500 | 11/22/21 | 507,094 | |||||||||||
300,000 | KeyBank NA | 3.180 | 05/22/22 | 309,155 | |||||||||||
300,000 | KeyBank NA | 2.400 | 06/09/22 | 307,130 | |||||||||||
625,000 | KeyBank NA | 2.300 | 09/14/22 | 641,999 | |||||||||||
425,000 | KeyBank NA | 1.250 | 03/10/23 | 431,586 | |||||||||||
3,000,000 | KeyBank NA | 0.423 | 01/03/24 | 2,997,400 | |||||||||||
750,000 | KeyBank NA | 3.300 | 06/01/25 | 816,211 | |||||||||||
300,000 | KeyBank NA | 3.400 | 05/20/26 | 323,398 | |||||||||||
250,000 | KeyBank NA | 3.900 | 04/13/29 | 273,184 | |||||||||||
200,000 | KeyCorp | 4.150 | 10/29/25 | 224,064 | |||||||||||
850,000 | KeyCorp | 2.250 | 04/06/27 | 871,769 | |||||||||||
500,000 | KeyCorp | 4.100 | 04/30/28 | 563,692 | |||||||||||
1,000,000 | KeyCorp | 2.550 | 10/01/29 | 1,012,408 | |||||||||||
1,000,000 | Lloyds Bank plc | 2.250 | 08/14/22 | 1,025,033 | |||||||||||
575,000 | Lloyds Banking Group plc | 3.000 | 01/11/22 | 586,258 | |||||||||||
1,000,000 | Lloyds Banking Group plc | 2.858 | 03/17/23 | 1,021,032 | |||||||||||
300,000 | Lloyds Banking Group plc | 1.326 | 06/15/23 | 302,893 | |||||||||||
1,175,000 | Lloyds Banking Group plc | 2.907 | 11/07/23 | 1,217,416 | |||||||||||
1,800,000 | Lloyds Banking Group plc | 3.900 | 03/12/24 | 1,953,882 | |||||||||||
2,750,000 | Lloyds Banking Group plc | 4.500 | 11/04/24 | 3,056,763 | |||||||||||
1,375,000 | Lloyds Banking Group plc | 4.450 | 05/08/25 | 1,536,790 |
7 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 325,000 | Lloyds Banking Group plc | 4.582 | % | 12/10/25 | $ | 362,873 | ||||||||
1,000,000 | Lloyds Banking Group plc | 2.438 | 02/05/26 | 1,035,640 | |||||||||||
225,000 | Lloyds Banking Group plc | 4.650 | 03/24/26 | 251,941 | |||||||||||
500,000 | Lloyds Banking Group plc | 3.750 | 01/11/27 | 548,377 | |||||||||||
2,000,000 | Lloyds Banking Group plc | 1.627 | 05/11/27 | 1,985,461 | |||||||||||
2,700,000 | Lloyds Banking Group plc | 4.375 | 03/22/28 | 3,030,443 | |||||||||||
700,000 | Lloyds Banking Group plc | 4.550 | 08/16/28 | 796,825 | |||||||||||
1,825,000 | Lloyds Banking Group plc | 3.574 | 11/07/28 | 1,970,684 | |||||||||||
1,550,000 | Lloyds Banking Group plc | 4.344 | 01/09/48 | 1,689,366 | |||||||||||
300,000 | M&T Bank Corp | 3.550 | 07/26/23 | 321,139 | |||||||||||
500,000 | Manufacturers & Traders Trust Co | 2.500 | 05/18/22 | 511,302 | |||||||||||
1,100,000 | Manufacturers & Traders Trust Co | 2.900 | 02/06/25 | 1,170,527 | |||||||||||
276,000 | Mitsubishi UFJ Financial Group, Inc | 2.190 | 09/13/21 | 278,276 | |||||||||||
1,000,000 | Mitsubishi UFJ Financial Group, Inc | 2.623 | 07/18/22 | 1,027,606 | |||||||||||
975,000 | Mitsubishi UFJ Financial Group, Inc | 2.665 | 07/25/22 | 1,002,747 | |||||||||||
1,925,000 | Mitsubishi UFJ Financial Group, Inc | 3.455 | 03/02/23 | 2,029,761 | |||||||||||
1,175,000 | Mitsubishi UFJ Financial Group, Inc | 3.761 | 07/26/23 | 1,258,829 | |||||||||||
1,000,000 | Mitsubishi UFJ Financial Group, Inc | 2.801 | 07/18/24 | 1,059,925 | |||||||||||
1,000,000 | Mitsubishi UFJ Financial Group, Inc | 0.848 | 09/15/24 | 1,001,015 | |||||||||||
2,000,000 | Mitsubishi UFJ Financial Group, Inc | 2.193 | 02/25/25 | 2,062,998 | |||||||||||
1,625,000 | Mitsubishi UFJ Financial Group, Inc | 3.777 | 03/02/25 | 1,775,394 | |||||||||||
2,500,000 | Mitsubishi UFJ Financial Group, Inc | 1.412 | 07/17/25 | 2,498,285 | |||||||||||
207,000 | Mitsubishi UFJ Financial Group, Inc | 3.850 | 03/01/26 | 228,495 | |||||||||||
225,000 | Mitsubishi UFJ Financial Group, Inc | 2.757 | 09/13/26 | 238,182 | |||||||||||
650,000 | Mitsubishi UFJ Financial Group, Inc | 3.677 | 02/22/27 | 720,868 | |||||||||||
700,000 | Mitsubishi UFJ Financial Group, Inc | 3.287 | 07/25/27 | 763,206 | |||||||||||
1,000,000 | Mitsubishi UFJ Financial Group, Inc | 3.961 | 03/02/28 | 1,111,984 | |||||||||||
300,000 | Mitsubishi UFJ Financial Group, Inc | 4.050 | 09/11/28 | 335,212 | |||||||||||
1,250,000 | Mitsubishi UFJ Financial Group, Inc | 3.741 | 03/07/29 | 1,357,354 | |||||||||||
1,000,000 | Mitsubishi UFJ Financial Group, Inc | 3.195 | 07/18/29 | 1,050,306 | |||||||||||
1,500,000 | Mitsubishi UFJ Financial Group, Inc | 2.559 | 02/25/30 | 1,498,928 | |||||||||||
1,250,000 | Mitsubishi UFJ Financial Group, Inc | 2.048 | 07/17/30 | 1,203,109 | |||||||||||
300,000 | Mitsubishi UFJ Financial Group, Inc | 4.286 | 07/26/38 | 340,529 | |||||||||||
500,000 | Mitsubishi UFJ Financial Group, Inc | 4.153 | 03/07/39 | 562,394 | |||||||||||
1,425,000 | Mitsubishi UFJ Financial Group, Inc | 3.751 | 07/18/39 | 1,528,938 | |||||||||||
2,000,000 | Mizuho Financial Group, Inc | 2.601 | 09/11/22 | 2,058,265 | |||||||||||
700,000 | Mizuho Financial Group, Inc | 3.549 | 03/05/23 | 740,953 | |||||||||||
1,750,000 | Mizuho Financial Group, Inc | 1.241 | 07/10/24 | 1,768,409 | |||||||||||
2,000,000 | Mizuho Financial Group, Inc | 0.849 | 09/08/24 | 2,004,186 | |||||||||||
500,000 | Mizuho Financial Group, Inc | 2.555 | 09/13/25 | 522,971 | |||||||||||
500,000 | Mizuho Financial Group, Inc | 2.226 | 05/25/26 | 514,098 | |||||||||||
950,000 | Mizuho Financial Group, Inc | 2.839 | 09/13/26 | 1,008,008 | |||||||||||
200,000 | Mizuho Financial Group, Inc | 3.663 | 02/28/27 | 220,024 | |||||||||||
1,000,000 | Mizuho Financial Group, Inc | 1.234 | 05/22/27 | 973,494 | |||||||||||
600,000 | Mizuho Financial Group, Inc | 3.170 | 09/11/27 | 646,435 | |||||||||||
725,000 | Mizuho Financial Group, Inc | 4.018 | 03/05/28 | 806,058 | |||||||||||
625,000 | Mizuho Financial Group, Inc | 4.254 | 09/11/29 | 702,216 | |||||||||||
1,000,000 | Mizuho Financial Group, Inc | 3.153 | 07/16/30 | 1,045,474 | |||||||||||
500,000 | Mizuho Financial Group, Inc | 2.869 | 09/13/30 | 509,994 | |||||||||||
500,000 | Mizuho Financial Group, Inc | 2.591 | 05/25/31 | 498,212 | |||||||||||
1,000,000 | Mizuho Financial Group, Inc | 2.201 | 07/10/31 | 965,429 | |||||||||||
1,000,000 | Mizuho Financial Group, Inc | 1.979 | 09/08/31 | 943,143 | |||||||||||
1,000,000 | Mizuho Financial Group, Inc | 2.172 | 05/22/32 | 959,983 | |||||||||||
225,000 | MUFG Americas Holdings Corp | 3.500 | 06/18/22 | 233,298 |
8 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 160,000 | MUFG Americas Holdings Corp | 3.000 | % | 02/10/25 | $ | 169,823 | ||||||||
1,000,000 | MUFG Union Bank NA | 3.150 | 04/01/22 | 1,026,178 | |||||||||||
1,000,000 | MUFG Union Bank NA | 2.100 | 12/09/22 | 1,026,806 | |||||||||||
925,000 | National Australia Bank Ltd | 2.800 | 01/10/22 | 943,122 | |||||||||||
450,000 | National Australia Bank Ltd | 2.500 | 05/22/22 | 461,356 | |||||||||||
1,000,000 | National Australia Bank Ltd | 1.875 | 12/13/22 | 1,026,173 | |||||||||||
625,000 | National Australia Bank Ltd | 3.000 | 01/20/23 | 653,580 | |||||||||||
500,000 | National Australia Bank Ltd | 2.875 | 04/12/23 | 524,457 | |||||||||||
300,000 | National Australia Bank Ltd | 3.375 | 01/14/26 | 327,570 | |||||||||||
750,000 | National Australia Bank Ltd | 2.500 | 07/12/26 | 787,541 | |||||||||||
1,000,000 | National Bank of Canada | 2.100 | 02/01/23 | 1,027,995 | |||||||||||
1,150,000 | National Bank of Canada | 0.550 | 11/15/24 | 1,147,078 | |||||||||||
800,000 | Natwest Group plc | 3.032 | 11/28/35 | 763,264 | |||||||||||
300,000 | People’s United Bank NA | 4.000 | 07/15/24 | 323,715 | |||||||||||
100,000 | People’s United Financial, Inc | 3.650 | 12/06/22 | 104,239 | |||||||||||
1,750,000 | PNC Bank NA | 2.450 | 07/28/22 | 1,795,340 | |||||||||||
1,025,000 | PNC Bank NA | 2.700 | 11/01/22 | 1,060,706 | |||||||||||
1,000,000 | PNC Bank NA | 2.028 | 12/09/22 | 1,011,040 | |||||||||||
750,000 | PNC Bank NA | 2.950 | 01/30/23 | 781,818 | |||||||||||
250,000 | PNC Bank NA | 3.800 | 07/25/23 | 268,085 | |||||||||||
600,000 | PNC Bank NA | 2.950 | 02/23/25 | 641,048 | |||||||||||
550,000 | PNC Bank NA | 3.250 | 06/01/25 | 594,283 | |||||||||||
500,000 | PNC Bank NA | 3.100 | 10/25/27 | 541,340 | |||||||||||
500,000 | PNC Bank NA | 3.250 | 01/22/28 | 539,633 | |||||||||||
903,000 | PNC Bank NA | 4.050 | 07/26/28 | 1,009,459 | |||||||||||
475,000 | PNC Bank NA | 2.700 | 10/22/29 | 485,490 | |||||||||||
500,000 | PNC Financial Services Group, Inc | 3.500 | 01/23/24 | 539,185 | |||||||||||
300,000 | PNC Financial Services Group, Inc | 3.900 | 04/29/24 | 327,372 | |||||||||||
500,000 | PNC Financial Services Group, Inc | 2.200 | 11/01/24 | 524,954 | |||||||||||
1,500,000 | PNC Financial Services Group, Inc | 2.600 | 07/23/26 | 1,584,571 | |||||||||||
300,000 | PNC Financial Services Group, Inc | 3.150 | 05/19/27 | 324,495 | |||||||||||
1,575,000 | PNC Financial Services Group, Inc | 3.450 | 04/23/29 | 1,701,909 | |||||||||||
2,000,000 | PNC Financial Services Group, Inc | 2.550 | 01/22/30 | 2,029,446 | |||||||||||
150,000 | PNC Financial Services Group, Inc (Step Bond) | 2.854 | 11/09/22 | 155,753 | |||||||||||
300,000 | Regions Bank | 6.450 | 06/26/37 | 402,728 | |||||||||||
2,075,000 | Regions Financial Corp | 3.800 | 08/14/23 | 2,225,648 | |||||||||||
225,000 | Regions Financial Corp | 2.250 | 05/18/25 | 233,471 | |||||||||||
1,000,000 | Royal Bank of Canada | 2.800 | 04/29/22 | 1,027,019 | |||||||||||
1,000,000 | Royal Bank of Canada | 1.950 | 01/17/23 | 1,027,230 | |||||||||||
500,000 | Royal Bank of Canada | 1.600 | 04/17/23 | 512,056 | |||||||||||
850,000 | Royal Bank of Canada | 3.700 | 10/05/23 | 916,556 | |||||||||||
1,000,000 | Royal Bank of Canada | 0.500 | 10/26/23 | 1,000,800 | |||||||||||
1,000,000 | Royal Bank of Canada | 0.425 | 01/19/24 | 994,021 | |||||||||||
1,000,000 | Royal Bank of Canada | 2.550 | 07/16/24 | 1,054,624 | |||||||||||
750,000 | Royal Bank of Canada | 2.250 | 11/01/24 | 786,157 | |||||||||||
2,000,000 | Royal Bank of Canada | 1.150 | 06/10/25 | 1,998,969 | |||||||||||
1,000,000 | e | Royal Bank of Canada | 0.875 | 01/20/26 | 981,693 | ||||||||||
1,000,000 | Royal Bank of Canada | 4.650 | 01/27/26 | 1,141,072 | |||||||||||
4,000,000 | Royal Bank of Scotland Group plc | 3.498 | 05/15/23 | 4,123,153 | |||||||||||
1,275,000 | Royal Bank of Scotland Group plc | 3.875 | 09/12/23 | 1,367,282 | |||||||||||
175,000 | Royal Bank of Scotland Group plc | 6.000 | 12/19/23 | 197,539 | |||||||||||
1,100,000 | Royal Bank of Scotland Group plc | 2.359 | 05/22/24 | 1,134,901 | |||||||||||
175,000 | Royal Bank of Scotland Group plc | 5.125 | 05/28/24 | 194,390 |
9 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 700,000 | Royal Bank of Scotland Group plc | 4.519 | % | 06/25/24 | $ | 755,623 | ||||||||
750,000 | Royal Bank of Scotland Group plc | 4.269 | 03/22/25 | 818,152 | |||||||||||
750,000 | Royal Bank of Scotland Group plc | 4.800 | 04/05/26 | 850,594 | |||||||||||
300,000 | Royal Bank of Scotland Group plc | 3.073 | 05/22/28 | 312,161 | |||||||||||
1,000,000 | Royal Bank of Scotland Group plc | 4.892 | 05/18/29 | 1,139,242 | |||||||||||
750,000 | Royal Bank of Scotland Group plc | 3.754 | 11/01/29 | 797,123 | |||||||||||
3,000,000 | Royal Bank of Scotland Group plc | 5.076 | 01/27/30 | 3,472,302 | |||||||||||
1,500,000 | Royal Bank of Scotland Group plc | 4.445 | 05/08/30 | 1,670,669 | |||||||||||
1,200,000 | Santander Holdings USA, Inc | 3.400 | 01/18/23 | 1,252,867 | |||||||||||
375,000 | Santander Holdings USA, Inc | 3.500 | 06/07/24 | 400,960 | |||||||||||
1,000,000 | Santander Holdings USA, Inc | 3.450 | 06/02/25 | 1,071,651 | |||||||||||
775,000 | Santander Holdings USA, Inc | 4.500 | 07/17/25 | 858,185 | |||||||||||
1,850,000 | Santander Holdings USA, Inc | 3.244 | 10/05/26 | 1,955,978 | |||||||||||
650,000 | Santander Holdings USA, Inc | 4.400 | 07/13/27 | 723,041 | |||||||||||
1,775,000 | Santander UK Group Holdings plc | 3.571 | 01/10/23 | 1,814,430 | |||||||||||
775,000 | Santander UK Group Holdings plc | 3.373 | 01/05/24 | 809,948 | |||||||||||
725,000 | Santander UK Group Holdings plc | 4.796 | 11/15/24 | 797,887 | |||||||||||
1,000,000 | Santander UK Group Holdings plc | 1.532 | 08/21/26 | 991,661 | |||||||||||
500,000 | Santander UK Group Holdings plc | 3.823 | 11/03/28 | 545,911 | |||||||||||
1,500,000 | Santander UK Group Holdings plc | 2.896 | 03/15/32 | 1,491,120 | |||||||||||
775,000 | Santander UK plc | 4.000 | 03/13/24 | 845,670 | |||||||||||
499,000 | e | Santander UK plc | 2.875 | 06/18/24 | 531,340 | ||||||||||
350,000 | Shinhan Bank Co Ltd | 3.875 | 12/07/26 | 356,477 | |||||||||||
500,000 | Sumitomo Mitsui Banking Corp | 3.200 | 07/18/22 | 517,581 | |||||||||||
800,000 | Sumitomo Mitsui Banking Corp | 3.000 | 01/18/23 | 835,003 | |||||||||||
300,000 | Sumitomo Mitsui Banking Corp | 3.950 | 01/10/24 | 325,609 | |||||||||||
500,000 | Sumitomo Mitsui Banking Corp | 3.400 | 07/11/24 | 540,413 | |||||||||||
250,000 | Sumitomo Mitsui Banking Corp | 3.650 | 07/23/25 | 273,779 | |||||||||||
425,000 | Sumitomo Mitsui Financial Group, Inc | 2.442 | 10/19/21 | 430,097 | |||||||||||
425,000 | Sumitomo Mitsui Financial Group, Inc | 2.846 | 01/11/22 | 433,228 | |||||||||||
925,000 | Sumitomo Mitsui Financial Group, Inc | 2.784 | 07/12/22 | 952,350 | |||||||||||
1,650,000 | Sumitomo Mitsui Financial Group, Inc | 2.778 | 10/18/22 | 1,706,563 | |||||||||||
1,725,000 | Sumitomo Mitsui Financial Group, Inc | 3.102 | 01/17/23 | 1,805,175 | |||||||||||
900,000 | Sumitomo Mitsui Financial Group, Inc | 3.748 | 07/19/23 | 963,203 | |||||||||||
1,000,000 | Sumitomo Mitsui Financial Group, Inc | 0.508 | 01/12/24 | 995,434 | |||||||||||
1,000,000 | Sumitomo Mitsui Financial Group, Inc | 2.448 | 09/27/24 | 1,047,654 | |||||||||||
3,725,000 | Sumitomo Mitsui Financial Group, Inc | 1.474 | 07/08/25 | 3,726,636 | |||||||||||
1,000,000 | Sumitomo Mitsui Financial Group, Inc | 0.948 | 01/12/26 | 974,397 | |||||||||||
1,300,000 | Sumitomo Mitsui Financial Group, Inc | 3.784 | 03/09/26 | 1,432,692 | |||||||||||
700,000 | Sumitomo Mitsui Financial Group, Inc | 3.010 | 10/19/26 | 747,500 | |||||||||||
725,000 | Sumitomo Mitsui Financial Group, Inc | 3.446 | 01/11/27 | 787,451 | |||||||||||
775,000 | Sumitomo Mitsui Financial Group, Inc | 3.364 | 07/12/27 | 840,296 | |||||||||||
500,000 | Sumitomo Mitsui Financial Group, Inc | 3.352 | 10/18/27 | 540,852 | |||||||||||
675,000 | Sumitomo Mitsui Financial Group, Inc | 3.544 | 01/17/28 | 730,305 | |||||||||||
750,000 | Sumitomo Mitsui Financial Group, Inc | 3.944 | 07/19/28 | 828,261 | |||||||||||
500,000 | Sumitomo Mitsui Financial Group, Inc | 4.306 | 10/16/28 | 566,567 | |||||||||||
1,500,000 | Sumitomo Mitsui Financial Group, Inc | 3.040 | 07/16/29 | 1,559,698 | |||||||||||
500,000 | Sumitomo Mitsui Financial Group, Inc | 3.202 | 09/17/29 | 515,412 | |||||||||||
1,000,000 | Sumitomo Mitsui Financial Group, Inc | 2.724 | 09/27/29 | 1,016,450 | |||||||||||
1,500,000 | Sumitomo Mitsui Financial Group, Inc | 2.750 | 01/15/30 | 1,526,654 | |||||||||||
1,500,000 | Sumitomo Mitsui Financial Group, Inc | 2.130 | 07/08/30 | 1,447,987 | |||||||||||
1,000,000 | Sumitomo Mitsui Financial Group, Inc | 2.142 | 09/23/30 | 937,444 | |||||||||||
1,000,000 | Sumitomo Mitsui Financial Group, Inc | 1.710 | 01/12/31 | 929,187 | |||||||||||
1,500,000 | Sumitomo Mitsui Financial Group, Inc | 2.296 | 01/12/41 | 1,328,618 |
10 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 300,000 | SVB Financial Group | 3.125 | % | 06/05/30 | $ | 311,615 | ||||||||
875,000 | SVB Financial Group | 1.800 | 02/02/31 | 806,765 | |||||||||||
889,000 | Svenska Handelsbanken AB | 3.900 | 11/20/23 | 968,081 | |||||||||||
1,250,000 | Synchrony Bank | 3.650 | 05/24/21 | 1,252,728 | |||||||||||
475,000 | Synchrony Bank | 3.000 | 06/15/22 | 487,824 | |||||||||||
500,000 | Synovus Bank | 2.289 | 02/10/23 | 504,242 | |||||||||||
300,000 | Synovus Financial Corp | 3.125 | 11/01/22 | 310,091 | |||||||||||
1,000,000 | Toronto-Dominion Bank | 0.250 | 01/06/23 | 998,356 | |||||||||||
1,000,000 | Toronto-Dominion Bank | 0.750 | 06/12/23 | 1,007,262 | |||||||||||
500,000 | Toronto-Dominion Bank | 3.500 | 07/19/23 | 535,314 | |||||||||||
1,000,000 | Toronto-Dominion Bank | 0.450 | 09/11/23 | 998,986 | |||||||||||
1,525,000 | Toronto-Dominion Bank | 3.250 | 03/11/24 | 1,640,309 | |||||||||||
1,250,000 | Toronto-Dominion Bank | 2.650 | 06/12/24 | 1,325,839 | |||||||||||
1,000,000 | Toronto-Dominion Bank | 1.150 | 06/12/25 | 1,000,474 | |||||||||||
1,000,000 | Toronto-Dominion Bank | 0.750 | 09/11/25 | 979,646 | |||||||||||
2,000,000 | Toronto-Dominion Bank | 0.750 | 01/06/26 | 1,953,993 | |||||||||||
1,000,000 | Toronto-Dominion Bank | 3.625 | 09/15/31 | 1,095,979 | |||||||||||
1,100,000 | Truist Bank | 2.625 | 01/15/22 | 1,118,508 | |||||||||||
750,000 | Truist Bank | 2.800 | 05/17/22 | 769,458 | |||||||||||
1,450,000 | Truist Bank | 2.450 | 08/01/22 | 1,488,734 | |||||||||||
300,000 | e | Truist Bank | 3.502 | 08/02/22 | 303,030 | ||||||||||
500,000 | Truist Bank | 3.000 | 02/02/23 | 522,792 | |||||||||||
750,000 | Truist Bank | 1.250 | 03/09/23 | 763,302 | |||||||||||
1,000,000 | Truist Bank | 3.200 | 04/01/24 | 1,071,935 | |||||||||||
500,000 | Truist Bank | 3.689 | 08/02/24 | 534,308 | |||||||||||
750,000 | Truist Bank | 2.150 | 12/06/24 | 785,114 | |||||||||||
1,000,000 | Truist Bank | 1.500 | 03/10/25 | 1,015,980 | |||||||||||
500,000 | Truist Bank | 3.625 | 09/16/25 | 545,646 | |||||||||||
200,000 | Truist Bank | 4.050 | 11/03/25 | 223,202 | |||||||||||
375,000 | Truist Bank | 3.300 | 05/15/26 | 405,922 | |||||||||||
500,000 | Truist Bank | 3.800 | 10/30/26 | 555,632 | |||||||||||
750,000 | Truist Bank | 2.636 | 09/17/29 | 785,648 | |||||||||||
475,000 | Truist Bank | 2.250 | 03/11/30 | 463,482 | |||||||||||
225,000 | Truist Financial Corp | 2.700 | 01/27/22 | 229,052 | |||||||||||
200,000 | Truist Financial Corp | 3.950 | 03/22/22 | 206,548 | |||||||||||
1,150,000 | Truist Financial Corp | 2.750 | 04/01/22 | 1,176,026 | |||||||||||
500,000 | Truist Financial Corp | 3.050 | 06/20/22 | 515,549 | |||||||||||
750,000 | Truist Financial Corp | 2.200 | 03/16/23 | 774,995 | |||||||||||
775,000 | Truist Financial Corp | 3.750 | 12/06/23 | 839,263 | |||||||||||
1,000,000 | Truist Financial Corp | 2.500 | 08/01/24 | 1,052,841 | |||||||||||
825,000 | Truist Financial Corp | 2.850 | 10/26/24 | 881,070 | |||||||||||
900,000 | Truist Financial Corp | 4.000 | 05/01/25 | 994,709 | |||||||||||
975,000 | Truist Financial Corp | 3.700 | 06/05/25 | 1,068,726 | |||||||||||
750,000 | e | Truist Financial Corp | 1.200 | 08/05/25 | 748,379 | ||||||||||
1,300,000 | Truist Financial Corp | 1.267 | 03/02/27 | 1,284,473 | |||||||||||
1,000,000 | Truist Financial Corp | 1.125 | 08/03/27 | 959,500 | |||||||||||
500,000 | Truist Financial Corp | 3.875 | 03/19/29 | 555,190 | |||||||||||
750,000 | Truist Financial Corp | 1.950 | 06/05/30 | 725,756 | |||||||||||
4,075,000 | US Bancorp | 2.625 | 01/24/22 | 4,146,231 | |||||||||||
250,000 | US Bancorp | 3.000 | 03/15/22 | 256,086 | |||||||||||
450,000 | US Bancorp | 2.950 | 07/15/22 | 464,656 | |||||||||||
125,000 | US Bancorp | 3.700 | 01/30/24 | 135,607 | |||||||||||
1,225,000 | US Bancorp | 3.375 | 02/05/24 | 1,320,194 |
11 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 2,225,000 | US Bancorp | 3.600 | % | 09/11/24 | $ | 2,429,709 | ||||||||
125,000 | US Bancorp | 3.950 | 11/17/25 | 139,726 | |||||||||||
750,000 | US Bancorp | 3.100 | 04/27/26 | 804,719 | |||||||||||
700,000 | US Bancorp | 2.375 | 07/22/26 | 730,245 | |||||||||||
1,175,000 | US Bancorp | 3.150 | 04/27/27 | 1,272,249 | |||||||||||
750,000 | US Bancorp | 3.900 | 04/26/28 | 840,961 | |||||||||||
600,000 | US Bancorp | 3.000 | 07/30/29 | 628,729 | |||||||||||
2,500,000 | US Bancorp | 1.375 | 07/22/30 | 2,304,814 | |||||||||||
1,400,000 | US Bank NA | 2.850 | 01/23/23 | 1,463,685 | |||||||||||
1,250,000 | US Bank NA | 3.400 | 07/24/23 | 1,334,756 | |||||||||||
750,000 | US Bank NA | 2.800 | 01/27/25 | 798,767 | |||||||||||
125,000 | Wachovia Corp | 5.500 | 08/01/35 | 155,615 | |||||||||||
200,000 | Webster Financial Corp | 4.100 | 03/25/29 | 213,858 | |||||||||||
1,375,000 | Wells Fargo & Co | 3.450 | 02/13/23 | 1,448,423 | |||||||||||
800,000 | Wells Fargo & Co | 4.125 | 08/15/23 | 865,460 | |||||||||||
334,000 | Wells Fargo & Co | 4.480 | 01/16/24 | 367,510 | |||||||||||
1,350,000 | Wells Fargo & Co | 3.750 | 01/24/24 | 1,459,844 | |||||||||||
825,000 | Wells Fargo & Co | 1.654 | 06/02/24 | 842,774 | |||||||||||
2,700,000 | Wells Fargo & Co | 3.300 | 09/09/24 | 2,916,455 | |||||||||||
4,100,000 | Wells Fargo & Co | 3.000 | 02/19/25 | 4,362,509 | |||||||||||
1,125,000 | Wells Fargo & Co | 3.550 | 09/29/25 | 1,226,250 | |||||||||||
2,000,000 | Wells Fargo & Co | 2.406 | 10/30/25 | 2,089,064 | |||||||||||
1,500,000 | Wells Fargo & Co | 2.164 | 02/11/26 | 1,547,411 | |||||||||||
3,350,000 | Wells Fargo & Co | 3.000 | 04/22/26 | 3,579,853 | |||||||||||
1,000,000 | Wells Fargo & Co | 2.188 | 04/30/26 | 1,032,080 | |||||||||||
1,250,000 | Wells Fargo & Co | 4.100 | 06/03/26 | 1,389,357 | |||||||||||
2,575,000 | Wells Fargo & Co | 3.000 | 10/23/26 | 2,748,325 | |||||||||||
1,500,000 | Wells Fargo & Co | 3.196 | 06/17/27 | 1,607,735 | |||||||||||
1,200,000 | Wells Fargo & Co | 4.300 | 07/22/27 | 1,356,358 | |||||||||||
3,625,000 | Wells Fargo & Co | 3.584 | 05/22/28 | 3,952,213 | |||||||||||
2,000,000 | Wells Fargo & Co | 2.393 | 06/02/28 | 2,049,788 | |||||||||||
6,175,000 | Wells Fargo & Co | 4.150 | 01/24/29 | 6,959,942 | |||||||||||
3,950,000 | Wells Fargo & Co | 2.879 | 10/30/30 | 4,068,941 | |||||||||||
3,000,000 | Wells Fargo & Co | 2.572 | 02/11/31 | 3,016,245 | |||||||||||
5,000,000 | Wells Fargo & Co | 4.478 | 04/04/31 | 5,757,844 | |||||||||||
7,025,000 | Wells Fargo & Co | 3.068 | 04/30/41 | 6,888,763 | |||||||||||
1,050,000 | Wells Fargo & Co | 5.375 | 11/02/43 | 1,313,423 | |||||||||||
1,468,000 | Wells Fargo & Co | 5.606 | 01/15/44 | 1,888,369 | |||||||||||
475,000 | Wells Fargo & Co | 4.650 | 11/04/44 | 547,050 | |||||||||||
1,500,000 | Wells Fargo & Co | 3.900 | 05/01/45 | 1,642,796 | |||||||||||
950,000 | Wells Fargo & Co | 4.900 | 11/17/45 | 1,140,195 | |||||||||||
3,250,000 | Wells Fargo & Co | 4.400 | 06/14/46 | 3,620,667 | |||||||||||
1,975,000 | Wells Fargo & Co | 4.750 | 12/07/46 | 2,331,073 | |||||||||||
1,500,000 | Wells Fargo & Co | 5.013 | 04/04/51 | 1,923,661 | |||||||||||
2,000,000 | Wells Fargo Bank NA | 2.897 | 05/27/22 | 2,007,557 | |||||||||||
1,000,000 | Wells Fargo Bank NA | 2.082 | 09/09/22 | 1,007,625 | |||||||||||
250,000 | Wells Fargo Bank NA | 6.600 | 01/15/38 | 354,787 | |||||||||||
650,000 | Westpac Banking Corp | 2.800 | 01/11/22 | 662,947 | |||||||||||
925,000 | Westpac Banking Corp | 2.500 | 06/28/22 | 949,916 | |||||||||||
300,000 | Westpac Banking Corp | 2.750 | 01/11/23 | 312,646 | |||||||||||
1,150,000 | Westpac Banking Corp | 3.650 | 05/15/23 | 1,227,329 | |||||||||||
750,000 | Westpac Banking Corp | 3.300 | 02/26/24 | 807,258 | |||||||||||
2,000,000 | Westpac Banking Corp | 2.350 | 02/19/25 | 2,092,927 | |||||||||||
1,000,000 | Westpac Banking Corp | 2.850 | 05/13/26 | 1,067,281 |
12 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 675,000 | Westpac Banking Corp | 2.700 | % | 08/19/26 | $ | 716,357 | ||||||||
850,000 | Westpac Banking Corp | 3.350 | 03/08/27 | 932,520 | |||||||||||
725,000 | Westpac Banking Corp | 3.400 | 01/25/28 | 791,817 | |||||||||||
1,000,000 | Westpac Banking Corp | 2.894 | 02/04/30 | 1,030,010 | |||||||||||
950,000 | Westpac Banking Corp | 4.322 | 11/23/31 | 1,049,351 | |||||||||||
600,000 | Westpac Banking Corp | 4.110 | 07/24/34 | 640,686 | |||||||||||
2,350,000 | Westpac Banking Corp | 2.668 | 11/15/35 | 2,229,915 | |||||||||||
900,000 | Westpac Banking Corp | 4.421 | 07/24/39 | 1,011,310 | |||||||||||
225,000 | Westpac Banking Corp | 2.963 | 11/16/40 | 209,314 | |||||||||||
400,000 | Zions Bancorp NA | 3.250 | 10/29/29 | 404,635 | |||||||||||
TOTAL BANKS | 840,674,120 | ||||||||||||||
CAPITAL GOODS - 1.5% | |||||||||||||||
500,000 | 3M Co | 1.750 | 02/14/23 | 512,653 | |||||||||||
300,000 | 3M Co | 2.250 | 03/15/23 | 310,866 | |||||||||||
600,000 | 3M Co | 3.250 | 02/14/24 | 646,271 | |||||||||||
1,000,000 | 3M Co | 2.000 | 02/14/25 | 1,038,969 | |||||||||||
1,200,000 | 3M Co | 3.000 | 08/07/25 | 1,300,324 | |||||||||||
675,000 | 3M Co | 2.875 | 10/15/27 | 724,995 | |||||||||||
925,000 | 3M Co | 3.625 | 09/14/28 | 1,028,807 | |||||||||||
500,000 | 3M Co | 3.375 | 03/01/29 | 546,068 | |||||||||||
1,000,000 | 3M Co | 2.375 | 08/26/29 | 1,019,707 | |||||||||||
200,000 | 3M Co | 3.125 | 09/19/46 | 196,499 | |||||||||||
300,000 | 3M Co | 3.625 | 10/15/47 | 325,511 | |||||||||||
1,150,000 | 3M Co | 4.000 | 09/14/48 | 1,320,153 | |||||||||||
875,000 | 3M Co | 3.250 | 08/26/49 | 887,918 | |||||||||||
820,000 | 3M Co | 3.700 | 04/15/50 | 890,671 | |||||||||||
500,000 | ABB Finance USA, Inc | 2.875 | 05/08/22 | 514,078 | |||||||||||
1,000,000 | e | Acuity Brands Lighting, Inc | 2.150 | 12/15/30 | 946,886 | ||||||||||
200,000 | Air Lease Corp | 3.375 | 06/01/21 | 200,912 | |||||||||||
500,000 | Air Lease Corp | 3.750 | 02/01/22 | 510,495 | |||||||||||
400,000 | Air Lease Corp | 2.625 | 07/01/22 | 408,699 | |||||||||||
575,000 | Air Lease Corp | 2.250 | 01/15/23 | 590,099 | |||||||||||
200,000 | Air Lease Corp | 2.750 | 01/15/23 | 206,095 | |||||||||||
750,000 | Air Lease Corp | 3.875 | 07/03/23 | 797,423 | |||||||||||
2,000,000 | Air Lease Corp | 0.700 | 02/15/24 | 1,975,529 | |||||||||||
750,000 | Air Lease Corp | 2.300 | 02/01/25 | 766,056 | |||||||||||
750,000 | Air Lease Corp | 3.375 | 07/01/25 | 792,212 | |||||||||||
1,000,000 | Air Lease Corp | 2.875 | 01/15/26 | 1,037,619 | |||||||||||
1,000,000 | Air Lease Corp | 3.750 | 06/01/26 | 1,068,900 | |||||||||||
500,000 | Air Lease Corp | 3.625 | 04/01/27 | 525,971 | |||||||||||
200,000 | Air Lease Corp | 3.625 | 12/01/27 | 210,202 | |||||||||||
300,000 | Air Lease Corp | 4.625 | 10/01/28 | 329,085 | |||||||||||
500,000 | Air Lease Corp | 3.250 | 10/01/29 | 501,581 | |||||||||||
750,000 | Air Lease Corp | 3.000 | 02/01/30 | 734,031 | |||||||||||
500,000 | Air Lease Corp | 3.125 | 12/01/30 | 498,518 | |||||||||||
200,000 | Aircastle Ltd | 4.400 | 09/25/23 | 213,003 | |||||||||||
1,000,000 | Aircastle Ltd | 4.125 | 05/01/24 | 1,056,295 | |||||||||||
500,000 | Aircastle Ltd | 4.250 | 06/15/26 | 529,384 | |||||||||||
500,000 | Allegion plc | 3.500 | 10/01/29 | 525,036 | |||||||||||
275,000 | Boeing Co | 2.300 | 08/01/21 | 276,795 | |||||||||||
300,000 | Boeing Co | 2.700 | 05/01/22 | 306,371 | |||||||||||
750,000 | Boeing Co | 2.800 | 03/01/23 | 777,210 |
13 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 2,100,000 | Boeing Co | 4.508 | % | 05/01/23 | $ | 2,247,806 | ||||||||
1,500,000 | Boeing Co | 1.950 | 02/01/24 | 1,536,870 | |||||||||||
4,000,000 | Boeing Co | 1.433 | 02/04/24 | 4,050,785 | |||||||||||
300,000 | Boeing Co | 2.800 | 03/01/24 | 312,221 | |||||||||||
2,200,000 | Boeing Co | 4.875 | 05/01/25 | 2,449,586 | |||||||||||
400,000 | Boeing Co | 2.600 | 10/30/25 | 406,789 | |||||||||||
2,000,000 | Boeing Co | 2.750 | 02/01/26 | 2,058,736 | |||||||||||
3,000,000 | Boeing Co | 2.196 | 02/04/26 | 2,990,697 | |||||||||||
300,000 | Boeing Co | 3.100 | 05/01/26 | 317,778 | |||||||||||
200,000 | Boeing Co | 2.250 | 06/15/26 | 200,281 | |||||||||||
500,000 | Boeing Co | 2.700 | 02/01/27 | 507,941 | |||||||||||
250,000 | Boeing Co | 2.800 | 03/01/27 | 256,001 | |||||||||||
1,900,000 | Boeing Co | 5.040 | 05/01/27 | 2,166,129 | |||||||||||
1,500,000 | Boeing Co | 3.250 | 02/01/28 | 1,551,541 | |||||||||||
500,000 | Boeing Co | 3.250 | 03/01/28 | 511,590 | |||||||||||
125,000 | Boeing Co | 3.450 | 11/01/28 | 129,367 | |||||||||||
600,000 | Boeing Co | 3.200 | 03/01/29 | 607,627 | |||||||||||
750,000 | Boeing Co | 2.950 | 02/01/30 | 747,913 | |||||||||||
1,600,000 | Boeing Co | 5.150 | 05/01/30 | 1,842,793 | |||||||||||
1,000,000 | Boeing Co | 3.625 | 02/01/31 | 1,046,204 | |||||||||||
300,000 | Boeing Co | 3.600 | 05/01/34 | 300,016 | |||||||||||
425,000 | Boeing Co | 3.250 | 02/01/35 | 411,875 | |||||||||||
500,000 | Boeing Co | 3.550 | 03/01/38 | 483,535 | |||||||||||
600,000 | Boeing Co | 3.500 | 03/01/39 | 576,161 | |||||||||||
350,000 | Boeing Co | 5.875 | 02/15/40 | 427,560 | |||||||||||
2,000,000 | Boeing Co | 5.705 | 05/01/40 | 2,447,453 | |||||||||||
300,000 | Boeing Co | 3.375 | 06/15/46 | 265,288 | |||||||||||
250,000 | Boeing Co | 3.650 | 03/01/47 | 229,658 | |||||||||||
100,000 | Boeing Co | 3.625 | 03/01/48 | 92,313 | |||||||||||
100,000 | Boeing Co | 3.850 | 11/01/48 | 96,497 | |||||||||||
5,000,000 | Boeing Co | 5.805 | 05/01/50 | 6,294,752 | |||||||||||
125,000 | Boeing Co | 3.825 | 03/01/59 | 116,294 | |||||||||||
750,000 | Boeing Co | 3.950 | 08/01/59 | 720,983 | |||||||||||
4,500,000 | Boeing Co | 5.930 | 05/01/60 | 5,774,064 | |||||||||||
100,000 | Carlisle Cos, Inc | 3.750 | 11/15/22 | 104,224 | |||||||||||
200,000 | Carlisle Cos, Inc | 3.500 | 12/01/24 | 216,811 | |||||||||||
500,000 | Carlisle Cos, Inc | 3.750 | 12/01/27 | 550,529 | |||||||||||
1,000,000 | Carlisle Cos, Inc | 2.750 | 03/01/30 | 1,007,350 | |||||||||||
2,000,000 | Carrier Global Corp | 2.493 | 02/15/27 | 2,065,398 | |||||||||||
1,100,000 | Carrier Global Corp | 2.722 | 02/15/30 | 1,110,002 | |||||||||||
150,000 | Carrier Global Corp | 2.700 | 02/15/31 | 149,955 | |||||||||||
2,000,000 | Carrier Global Corp | 3.377 | 04/05/40 | 1,996,061 | |||||||||||
900,000 | Carrier Global Corp | 3.577 | 04/05/50 | 883,797 | |||||||||||
1,000,000 | Caterpillar Financial Services Corp | 1.900 | 09/06/22 | 1,023,701 | |||||||||||
2,000,000 | Caterpillar Financial Services Corp | 0.250 | 03/01/23 | 1,998,652 | |||||||||||
300,000 | Caterpillar Financial Services Corp | 3.450 | 05/15/23 | 319,569 | |||||||||||
1,250,000 | Caterpillar Financial Services Corp | 0.650 | 07/07/23 | 1,256,186 | |||||||||||
1,000,000 | Caterpillar Financial Services Corp | 0.450 | 09/14/23 | 1,000,345 | |||||||||||
1,000,000 | Caterpillar Financial Services Corp | 2.850 | 05/17/24 | 1,066,851 | |||||||||||
1,000,000 | Caterpillar Financial Services Corp | 1.450 | 05/15/25 | 1,013,639 | |||||||||||
1,000,000 | Caterpillar Financial Services Corp | 0.800 | 11/13/25 | 981,797 | |||||||||||
3,000,000 | Caterpillar Financial Services Corp | 0.900 | 03/02/26 | 2,949,336 | |||||||||||
500,000 | Caterpillar Financial Services Corp | 2.400 | 08/09/26 | 524,358 | |||||||||||
1,000,000 | Caterpillar Financial Services Corp | 1.100 | 09/14/27 | 963,155 |
14 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 2,775,000 | Caterpillar, Inc | 3.400 | % | 05/15/24 | $ | 2,994,141 | ||||||||
500,000 | Caterpillar, Inc | 2.600 | 09/19/29 | 514,583 | |||||||||||
1,500,000 | Caterpillar, Inc | 2.600 | 04/09/30 | 1,535,376 | |||||||||||
1,000,000 | Caterpillar, Inc | 1.900 | 03/12/31 | 962,459 | |||||||||||
225,000 | Caterpillar, Inc | 5.200 | 05/27/41 | 291,151 | |||||||||||
2,363,000 | Caterpillar, Inc | 3.803 | 08/15/42 | 2,655,005 | |||||||||||
300,000 | Caterpillar, Inc | 4.300 | 05/15/44 | 354,211 | |||||||||||
750,000 | Caterpillar, Inc | 3.250 | 09/19/49 | 769,144 | |||||||||||
750,000 | Caterpillar, Inc | 3.250 | 04/09/50 | 766,359 | |||||||||||
1,300,000 | CNH Industrial Capital LLC | 3.875 | 10/15/21 | 1,322,019 | |||||||||||
225,000 | CNH Industrial Capital LLC | 1.950 | 07/02/23 | 231,047 | |||||||||||
300,000 | CNH Industrial Capital LLC | 4.200 | 01/15/24 | 327,021 | |||||||||||
1,000,000 | CNH Industrial Capital LLC | 1.875 | 01/15/26 | 1,010,516 | |||||||||||
500,000 | CNH Industrial NV | 3.850 | 11/15/27 | 552,908 | |||||||||||
200,000 | Crane Co | 4.200 | 03/15/48 | 199,266 | |||||||||||
200,000 | Cummins, Inc | 3.650 | 10/01/23 | 214,618 | |||||||||||
500,000 | Cummins, Inc | 0.750 | 09/01/25 | 492,160 | |||||||||||
1,000,000 | Cummins, Inc | 1.500 | 09/01/30 | 929,025 | |||||||||||
200,000 | Cummins, Inc | 4.875 | 10/01/43 | 251,704 | |||||||||||
750,000 | Cummins, Inc | 2.600 | 09/01/50 | 671,308 | |||||||||||
350,000 | Deere & Co | 2.600 | 06/08/22 | 357,596 | |||||||||||
218,000 | Deere & Co | 5.375 | 10/16/29 | 271,697 | |||||||||||
1,025,000 | Deere & Co | 3.900 | 06/09/42 | 1,167,499 | |||||||||||
500,000 | Deere & Co | 2.875 | 09/07/49 | 480,231 | |||||||||||
1,000,000 | Deere & Co | 3.750 | 04/15/50 | 1,124,293 | |||||||||||
825,000 | Dover Corp | 3.150 | 11/15/25 | 882,017 | |||||||||||
100,000 | Dover Corp | 2.950 | 11/04/29 | 105,018 | |||||||||||
100,000 | Dover Corp | 5.375 | 03/01/41 | 121,280 | |||||||||||
2,200,000 | Eaton Corp | 2.750 | 11/02/22 | 2,282,537 | |||||||||||
200,000 | Eaton Corp | 3.103 | 09/15/27 | 215,480 | |||||||||||
150,000 | Eaton Corp | 4.000 | 11/02/32 | 169,939 | |||||||||||
925,000 | Eaton Corp | 4.150 | 11/02/42 | 1,044,743 | |||||||||||
200,000 | Eaton Corp | 3.915 | 09/15/47 | 216,708 | |||||||||||
350,000 | Emerson Electric Co | 2.625 | 02/15/23 | 362,787 | |||||||||||
200,000 | Emerson Electric Co | 3.150 | 06/01/25 | 215,342 | |||||||||||
1,000,000 | Emerson Electric Co | 0.875 | 10/15/26 | 969,469 | |||||||||||
500,000 | Emerson Electric Co | 1.800 | 10/15/27 | 501,953 | |||||||||||
750,000 | Emerson Electric Co | 1.950 | 10/15/30 | 730,573 | |||||||||||
200,000 | Emerson Electric Co | 5.250 | 11/15/39 | 258,591 | |||||||||||
500,000 | Emerson Electric Co | 2.750 | 10/15/50 | 460,108 | |||||||||||
150,000 | Flowserve Corp | 3.500 | 09/15/22 | 154,246 | |||||||||||
200,000 | Flowserve Corp | 4.000 | 11/15/23 | 211,014 | |||||||||||
500,000 | Flowserve Corp | 3.500 | 10/01/30 | 508,765 | |||||||||||
875,000 | Fortive Corp | 3.150 | 06/15/26 | 943,956 | |||||||||||
250,000 | Fortive Corp | 4.300 | 06/15/46 | 281,261 | |||||||||||
600,000 | Fortune Brands Home & Security, Inc | 4.000 | 09/21/23 | 647,575 | |||||||||||
200,000 | Fortune Brands Home & Security, Inc | 4.000 | 06/15/25 | 220,280 | |||||||||||
1,000,000 | Fortune Brands Home & Security, Inc | 3.250 | 09/15/29 | 1,041,703 | |||||||||||
200,000 | GATX Corp | 4.350 | 02/15/24 | 218,809 | |||||||||||
500,000 | GATX Corp | 3.250 | 09/15/26 | 536,707 | |||||||||||
200,000 | GATX Corp | 3.500 | 03/15/28 | 216,091 | |||||||||||
200,000 | GATX Corp | 4.550 | 11/07/28 | 228,374 | |||||||||||
425,000 | GATX Corp | 4.700 | 04/01/29 | 488,937 |
15 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 500,000 | GATX Corp | 4.000 | % | 06/30/30 | $ | 550,654 | ||||||||
1,000,000 | GATX Corp | 1.900 | 06/01/31 | 921,453 | |||||||||||
225,000 | GATX Corp | 5.200 | 03/15/44 | 271,211 | |||||||||||
1,000,000 | GATX Corp | 3.100 | 06/01/51 | 900,370 | |||||||||||
325,000 | General Dynamics Corp | 2.250 | 11/15/22 | 333,717 | |||||||||||
825,000 | General Dynamics Corp | 3.375 | 05/15/23 | 874,789 | |||||||||||
300,000 | General Dynamics Corp | 1.875 | 08/15/23 | 310,394 | |||||||||||
1,200,000 | General Dynamics Corp | 2.375 | 11/15/24 | 1,265,914 | |||||||||||
975,000 | General Dynamics Corp | 3.500 | 05/15/25 | 1,065,973 | |||||||||||
750,000 | General Dynamics Corp | 3.750 | 05/15/28 | 835,747 | |||||||||||
225,000 | General Dynamics Corp | 3.600 | 11/15/42 | 241,786 | |||||||||||
1,950,000 | General Dynamics Corp | 4.250 | 04/01/50 | 2,330,025 | |||||||||||
2,350,000 | General Electric Co | 2.700 | 10/09/22 | 2,430,024 | |||||||||||
250,000 | General Electric Co | 3.375 | 03/11/24 | 269,094 | |||||||||||
5,503,000 | General Electric Co | 3.450 | 05/15/24 | 5,910,822 | |||||||||||
1,102,000 | General Electric Co | 6.750 | 03/15/32 | 1,475,981 | |||||||||||
250,000 | General Electric Co | 5.875 | 01/14/38 | 323,517 | |||||||||||
100,000 | General Electric Co | 6.875 | 01/10/39 | 140,636 | |||||||||||
750,000 | General Electric Co | 4.250 | 05/01/40 | 823,209 | |||||||||||
2,875,000 | General Electric Co | 4.125 | 10/09/42 | 3,082,764 | |||||||||||
3,500,000 | General Electric Co | 4.350 | 05/01/50 | 3,884,807 | |||||||||||
100,000 | Hexcel Corp | 4.200 | 02/15/27 | 104,625 | |||||||||||
1,000,000 | Honeywell International, Inc | 0.483 | 08/19/22 | 1,000,757 | |||||||||||
500,000 | Honeywell International, Inc | 3.350 | 12/01/23 | 538,887 | |||||||||||
2,300,000 | Honeywell International, Inc | 1.350 | 06/01/25 | 2,333,202 | |||||||||||
1,700,000 | Honeywell International, Inc | 2.500 | 11/01/26 | 1,804,666 | |||||||||||
950,000 | Honeywell International, Inc | 1.950 | 06/01/30 | 937,637 | |||||||||||
782,000 | Honeywell International, Inc | 3.812 | 11/21/47 | 865,407 | |||||||||||
575,000 | Honeywell International, Inc | 2.800 | 06/01/50 | 544,792 | |||||||||||
100,000 | Hubbell, Inc | 3.625 | 11/15/22 | 105,269 | |||||||||||
200,000 | Hubbell, Inc | 3.350 | 03/01/26 | 214,835 | |||||||||||
500,000 | Hubbell, Inc | 3.150 | 08/15/27 | 536,615 | |||||||||||
200,000 | Hubbell, Inc | 3.500 | 02/15/28 | 215,016 | |||||||||||
1,000,000 | Hubbell, Inc | 2.300 | 03/15/31 | 978,543 | |||||||||||
500,000 | Huntington Ingalls Industries, Inc | 3.844 | 05/01/25 | 545,528 | |||||||||||
400,000 | Huntington Ingalls Industries, Inc | 3.483 | 12/01/27 | 431,564 | |||||||||||
500,000 | Huntington Ingalls Industries, Inc | 4.200 | 05/01/30 | 554,639 | |||||||||||
200,000 | IDEX Corp | 4.200 | 12/15/21 | 203,210 | |||||||||||
500,000 | IDEX Corp | 3.000 | 05/01/30 | 514,929 | |||||||||||
1,000,000 | Illinois Tool Works, Inc | 2.650 | 11/15/26 | 1,064,985 | |||||||||||
200,000 | Illinois Tool Works, Inc | 4.875 | 09/15/41 | 252,643 | |||||||||||
1,000,000 | Illinois Tool Works, Inc | 3.900 | 09/01/42 | 1,135,961 | |||||||||||
300,000 | Ingersoll-Rand Global Holding Co Ltd | 4.250 | 06/15/23 | 323,856 | |||||||||||
400,000 | e | Ingersoll-Rand Global Holding Co Ltd | 3.750 | 08/21/28 | 438,716 | ||||||||||
200,000 | Ingersoll-Rand Global Holding Co Ltd | 5.750 | 06/15/43 | 269,972 | |||||||||||
450,000 | Ingersoll-Rand Global Holding Co Ltd | 4.300 | 02/21/48 | 504,948 | |||||||||||
600,000 | Ingersoll-Rand Luxembourg Finance S.A. | 3.550 | 11/01/24 | 648,766 | |||||||||||
100,000 | Ingersoll-Rand Luxembourg Finance S.A. | 3.500 | 03/21/26 | 108,547 | |||||||||||
1,000,000 | Ingersoll-Rand Luxembourg Finance S.A. | 3.800 | 03/21/29 | 1,097,077 | |||||||||||
300,000 | Ingersoll-Rand Luxembourg Finance S.A. | 4.500 | 03/21/49 | 350,047 | |||||||||||
200,000 | John Deere Capital Corp | 3.150 | 10/15/21 | 203,137 | |||||||||||
600,000 | John Deere Capital Corp | 2.650 | 01/06/22 | 610,986 | |||||||||||
2,700,000 | John Deere Capital Corp | 2.950 | 04/01/22 | 2,773,745 | |||||||||||
200,000 | John Deere Capital Corp | 1.950 | 06/13/22 | 203,966 |
16 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 400,000 | John Deere Capital Corp | 2.150 | % | 09/08/22 | $ | 410,679 | ||||||||
200,000 | John Deere Capital Corp | 2.700 | 01/06/23 | 208,299 | |||||||||||
1,425,000 | John Deere Capital Corp | 2.800 | 03/06/23 | 1,492,056 | |||||||||||
250,000 | John Deere Capital Corp | 1.200 | 04/06/23 | 253,963 | |||||||||||
300,000 | John Deere Capital Corp | 3.450 | 06/07/23 | 319,116 | |||||||||||
1,000,000 | John Deere Capital Corp | 0.700 | 07/05/23 | 1,007,742 | |||||||||||
1,000,000 | John Deere Capital Corp | 0.400 | 10/10/23 | 1,001,424 | |||||||||||
200,000 | John Deere Capital Corp | 3.650 | 10/12/23 | 215,884 | |||||||||||
750,000 | John Deere Capital Corp | 3.450 | 01/10/24 | 809,446 | |||||||||||
500,000 | John Deere Capital Corp | 2.600 | 03/07/24 | 529,555 | |||||||||||
850,000 | John Deere Capital Corp | 2.650 | 06/24/24 | 903,898 | |||||||||||
500,000 | John Deere Capital Corp | 2.050 | 01/09/25 | 520,143 | |||||||||||
125,000 | John Deere Capital Corp | 3.400 | 09/11/25 | 136,878 | |||||||||||
1,000,000 | John Deere Capital Corp | 0.700 | 01/15/26 | 980,453 | |||||||||||
500,000 | John Deere Capital Corp | 2.250 | 09/14/26 | 523,656 | |||||||||||
250,000 | John Deere Capital Corp | 1.750 | 03/09/27 | 252,468 | |||||||||||
200,000 | John Deere Capital Corp | 2.800 | 09/08/27 | 213,029 | |||||||||||
200,000 | John Deere Capital Corp | 3.050 | 01/06/28 | 214,292 | |||||||||||
2,000,000 | John Deere Capital Corp | 1.500 | 03/06/28 | 1,947,621 | |||||||||||
500,000 | John Deere Capital Corp | 2.800 | 07/18/29 | 521,785 | |||||||||||
500,000 | John Deere Capital Corp | 2.450 | 01/09/30 | 507,627 | |||||||||||
1,000,000 | John Deere Capital Corp | 1.450 | 01/15/31 | 931,510 | |||||||||||
474,000 | Johnson Controls International plc | 3.900 | 02/14/26 | 524,071 | |||||||||||
2,325,000 | Johnson Controls International plc | 1.750 | 09/15/30 | 2,180,567 | |||||||||||
207,000 | Johnson Controls International plc | 6.000 | 01/15/36 | 273,116 | |||||||||||
35,000 | Johnson Controls International plc | 5.125 | 09/14/45 | 43,537 | |||||||||||
300,000 | Johnson Controls International plc | 4.500 | 02/15/47 | 350,355 | |||||||||||
280,000 | Johnson Controls International plc (Step Bond) | 3.625 | 07/02/24 | 303,065 | |||||||||||
325,000 | Johnson Controls International plc (Step Bond) | 4.625 | 07/02/44 | 381,077 | |||||||||||
72,000 | Johnson Controls International plc (Step Bond) | 4.950 | 07/02/64 | 87,034 | |||||||||||
200,000 | Kennametal, Inc | 4.625 | 06/15/28 | 222,184 | |||||||||||
1,000,000 | Kennametal, Inc | 2.800 | 03/01/31 | 978,057 | |||||||||||
125,000 | KLA-Tencor Corp | 4.650 | 11/01/24 | 139,677 | |||||||||||
300,000 | KLA-Tencor Corp | 4.100 | 03/15/29 | 337,272 | |||||||||||
500,000 | KLA-Tencor Corp | 5.000 | 03/15/49 | 629,012 | |||||||||||
475,000 | L3Harris Technologies, Inc | 3.850 | 06/15/23 | 506,763 | |||||||||||
52,000 | L3Harris Technologies, Inc | 3.950 | 05/28/24 | 56,432 | |||||||||||
600,000 | L3Harris Technologies, Inc | 3.850 | 12/15/26 | 664,285 | |||||||||||
625,000 | L3Harris Technologies, Inc | 4.400 | 06/15/28 | 709,215 | |||||||||||
1,275,000 | L3Harris Technologies, Inc | 4.400 | 06/15/28 | 1,446,798 | |||||||||||
175,000 | L3Harris Technologies, Inc | 2.900 | 12/15/29 | 180,289 | |||||||||||
1,000,000 | L3Harris Technologies, Inc | 1.800 | 01/15/31 | 936,609 | |||||||||||
300,000 | L3Harris Technologies, Inc | 4.854 | 04/27/35 | 363,700 | |||||||||||
600,000 | L3Harris Technologies, Inc | 5.054 | 04/27/45 | 744,800 | |||||||||||
100,000 | Legrand France S.A. | 8.500 | 02/15/25 | 126,434 | |||||||||||
100,000 | Lennox International, Inc | 3.000 | 11/15/23 | 105,465 | |||||||||||
100,000 | Lennox International, Inc | 1.350 | 08/01/25 | 99,507 | |||||||||||
100,000 | Lennox International, Inc | 1.700 | 08/01/27 | 98,371 | |||||||||||
500,000 | Lockheed Martin Corp | 3.100 | 01/15/23 | 522,516 | |||||||||||
300,000 | Lockheed Martin Corp | 2.900 | 03/01/25 | 320,820 | |||||||||||
2,200,000 | Lockheed Martin Corp | 3.550 | 01/15/26 | 2,425,701 | |||||||||||
150,000 | Lockheed Martin Corp | 1.850 | 06/15/30 | 146,065 | |||||||||||
300,000 | Lockheed Martin Corp | 3.600 | 03/01/35 | 334,200 |
17 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 500,000 | Lockheed Martin Corp | 4.500 | % | 05/15/36 | $ | 603,361 | ||||||||
1,833,000 | Lockheed Martin Corp | 4.070 | 12/15/42 | 2,120,036 | |||||||||||
275,000 | Lockheed Martin Corp | 3.800 | 03/01/45 | 302,575 | |||||||||||
200,000 | Lockheed Martin Corp | 4.700 | 05/15/46 | 249,727 | |||||||||||
1,150,000 | Lockheed Martin Corp | 2.800 | 06/15/50 | 1,084,620 | |||||||||||
1,894,000 | Lockheed Martin Corp | 4.090 | 09/15/52 | 2,222,184 | |||||||||||
200,000 | Masco Corp | 3.500 | 11/15/27 | 217,980 | |||||||||||
200,000 | Masco Corp | 1.500 | 02/15/28 | 192,088 | |||||||||||
500,000 | Masco Corp | 2.000 | 10/01/30 | 475,460 | |||||||||||
550,000 | Masco Corp | 2.000 | 02/15/31 | 521,585 | |||||||||||
700,000 | Masco Corp | 4.500 | 05/15/47 | 799,843 | |||||||||||
1,000,000 | Masco Corp | 3.125 | 02/15/51 | 939,073 | |||||||||||
400,000 | Northrop Grumman Corp | 3.250 | 08/01/23 | 426,624 | |||||||||||
1,000,000 | Northrop Grumman Corp | 2.930 | 01/15/25 | 1,064,176 | |||||||||||
300,000 | Northrop Grumman Corp | 3.200 | 02/01/27 | 324,270 | |||||||||||
5,275,000 | Northrop Grumman Corp | 3.250 | 01/15/28 | 5,658,703 | |||||||||||
425,000 | Northrop Grumman Corp | 4.400 | 05/01/30 | 489,737 | |||||||||||
100,000 | Northrop Grumman Corp | 5.050 | 11/15/40 | 124,067 | |||||||||||
700,000 | Northrop Grumman Corp | 4.750 | 06/01/43 | 840,866 | |||||||||||
300,000 | Northrop Grumman Corp | 3.850 | 04/15/45 | 322,826 | |||||||||||
2,450,000 | Northrop Grumman Corp | 4.030 | 10/15/47 | 2,724,748 | |||||||||||
1,000,000 | Northrop Grumman Corp | 5.250 | 05/01/50 | 1,295,910 | |||||||||||
100,000 | Oshkosh Corp | 3.100 | 03/01/30 | 102,955 | |||||||||||
1,000,000 | Otis Worldwide Corp | 2.056 | 04/05/25 | 1,029,647 | |||||||||||
1,000,000 | Otis Worldwide Corp | 2.293 | 04/05/27 | 1,025,378 | |||||||||||
525,000 | Otis Worldwide Corp | 2.565 | 02/15/30 | 528,778 | |||||||||||
500,000 | Otis Worldwide Corp | 3.112 | 02/15/40 | 492,229 | |||||||||||
450,000 | Otis Worldwide Corp | 3.362 | 02/15/50 | 439,195 | |||||||||||
250,000 | Parker-Hannifin Corp | 3.500 | 09/15/22 | 260,867 | |||||||||||
200,000 | Parker-Hannifin Corp | 2.700 | 06/14/24 | 212,065 | |||||||||||
300,000 | Parker-Hannifin Corp | 3.300 | 11/21/24 | 323,793 | |||||||||||
650,000 | Parker-Hannifin Corp | 3.250 | 03/01/27 | 707,731 | |||||||||||
1,825,000 | Parker-Hannifin Corp | 3.250 | 06/14/29 | 1,950,522 | |||||||||||
200,000 | Parker-Hannifin Corp | 4.200 | 11/21/34 | 226,458 | |||||||||||
200,000 | Parker-Hannifin Corp | 4.450 | 11/21/44 | 229,065 | |||||||||||
750,000 | Parker-Hannifin Corp | 4.100 | 03/01/47 | 832,667 | |||||||||||
225,000 | Parker-Hannifin Corp | 4.000 | 06/14/49 | 251,861 | |||||||||||
1,150,000 | Precision Castparts Corp | 2.500 | 01/15/23 | 1,187,134 | |||||||||||
775,000 | Precision Castparts Corp | 3.250 | 06/15/25 | 837,961 | |||||||||||
400,000 | Precision Castparts Corp | 4.200 | 06/15/35 | 463,748 | |||||||||||
100,000 | Precision Castparts Corp | 3.900 | 01/15/43 | 105,653 | |||||||||||
1,000,000 | Quanta Services, Inc | 2.900 | 10/01/30 | 1,014,786 | |||||||||||
625,000 | Raytheon Technologies Corp | 2.800 | 03/15/22 | 638,245 | |||||||||||
3,875,000 | Raytheon Technologies Corp | 2.500 | 12/15/22 | 3,985,616 | |||||||||||
500,000 | Raytheon Technologies Corp | 3.200 | 03/15/24 | 534,361 | |||||||||||
300,000 | Raytheon Technologies Corp | 3.150 | 12/15/24 | 322,421 | |||||||||||
1,325,000 | Raytheon Technologies Corp | 3.500 | 03/15/27 | 1,451,072 | |||||||||||
200,000 | Raytheon Technologies Corp | 7.200 | 08/15/27 | 261,799 | |||||||||||
4,500,000 | Raytheon Technologies Corp | 2.250 | 07/01/30 | 4,428,677 | |||||||||||
100,000 | Raytheon Technologies Corp | 4.700 | 12/15/41 | 117,935 | |||||||||||
125,000 | Raytheon Technologies Corp | 4.800 | 12/15/43 | 148,811 | |||||||||||
150,000 | Raytheon Technologies Corp | 4.200 | 12/15/44 | 159,285 | |||||||||||
700,000 | Raytheon Technologies Corp | 4.350 | 04/15/47 | 797,155 | |||||||||||
2,000,000 | Raytheon Technologies Corp | 3.125 | 07/01/50 | 1,937,379 |
18 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 400,000 | Rockwell Automation, Inc | 3.500 | % | 03/01/29 | $ | 441,945 | ||||||||
400,000 | Rockwell Automation, Inc | 4.200 | 03/01/49 | 473,738 | |||||||||||
550,000 | Roper Technologies, Inc | 2.800 | 12/15/21 | 558,257 | |||||||||||
500,000 | Roper Technologies, Inc | 3.650 | 09/15/23 | 535,765 | |||||||||||
500,000 | Roper Technologies, Inc | 2.350 | 09/15/24 | 522,613 | |||||||||||
750,000 | Roper Technologies, Inc | 1.000 | 09/15/25 | 737,157 | |||||||||||
1,100,000 | Roper Technologies, Inc | 3.800 | 12/15/26 | 1,220,635 | |||||||||||
750,000 | Roper Technologies, Inc | 1.400 | 09/15/27 | 724,618 | |||||||||||
300,000 | Roper Technologies, Inc | 4.200 | 09/15/28 | 338,001 | |||||||||||
500,000 | Roper Technologies, Inc | 2.950 | 09/15/29 | 520,695 | |||||||||||
475,000 | Roper Technologies, Inc | 2.000 | 06/30/30 | 453,839 | |||||||||||
750,000 | Roper Technologies, Inc | 1.750 | 02/15/31 | 696,445 | |||||||||||
200,000 | Snap-on, Inc | 3.250 | 03/01/27 | 215,096 | |||||||||||
200,000 | Snap-on, Inc | 4.100 | 03/01/48 | 229,433 | |||||||||||
500,000 | Snap-on, Inc | 3.100 | 05/01/50 | 499,468 | |||||||||||
500,000 | Stanley Black & Decker, Inc | 3.400 | 03/01/26 | 548,584 | |||||||||||
300,000 | Stanley Black & Decker, Inc | 4.250 | 11/15/28 | 343,889 | |||||||||||
1,000,000 | Stanley Black & Decker, Inc | 2.300 | 03/15/30 | 1,004,827 | |||||||||||
100,000 | Stanley Black & Decker, Inc | 5.200 | 09/01/40 | 127,128 | |||||||||||
425,000 | Stanley Black & Decker, Inc | 4.850 | 11/15/48 | 533,022 | |||||||||||
1,500,000 | Stanley Black & Decker, Inc | 2.750 | 11/15/50 | 1,365,773 | |||||||||||
450,000 | Stanley Black & Decker, Inc | 4.000 | 03/15/60 | 476,392 | |||||||||||
2,000,000 | Teledyne Technologies, Inc | 1.600 | 04/01/26 | 1,985,591 | |||||||||||
1,000,000 | Teledyne Technologies, Inc | 2.250 | 04/01/28 | 995,180 | |||||||||||
1,000,000 | Teledyne Technologies, Inc | 2.750 | 04/01/31 | 996,360 | |||||||||||
150,000 | Textron, Inc | 4.000 | 03/15/26 | 163,793 | |||||||||||
500,000 | Textron, Inc | 3.650 | 03/15/27 | 538,455 | |||||||||||
100,000 | Textron, Inc | 3.375 | 03/01/28 | 105,108 | |||||||||||
750,000 | Textron, Inc | 3.900 | 09/17/29 | 811,796 | |||||||||||
500,000 | Textron, Inc | 3.000 | 06/01/30 | 507,864 | |||||||||||
300,000 | Textron, Inc | 2.450 | 03/15/31 | 290,523 | |||||||||||
250,000 | Timken Co | 3.875 | 09/01/24 | 267,635 | |||||||||||
200,000 | Timken Co | 4.500 | 12/15/28 | 214,564 | |||||||||||
100,000 | Trimble, Inc | 4.150 | 06/15/23 | 106,788 | |||||||||||
625,000 | Trimble, Inc | 4.900 | 06/15/28 | 720,981 | |||||||||||
52,000 | United Technologies Corp | 3.650 | 08/16/23 | 55,629 | |||||||||||
1,250,000 | United Technologies Corp | 3.950 | 08/16/25 | 1,388,293 | |||||||||||
725,000 | United Technologies Corp | 3.125 | 05/04/27 | 779,070 | |||||||||||
2,550,000 | United Technologies Corp | 4.125 | 11/16/28 | 2,871,640 | |||||||||||
250,000 | United Technologies Corp | 6.125 | 07/15/38 | 338,966 | |||||||||||
750,000 | United Technologies Corp | 4.450 | 11/16/38 | 868,930 | |||||||||||
200,000 | United Technologies Corp | 5.700 | 04/15/40 | 267,747 | |||||||||||
2,150,000 | United Technologies Corp | 4.500 | 06/01/42 | 2,563,865 | |||||||||||
1,650,000 | United Technologies Corp | 4.150 | 05/15/45 | 1,822,640 | |||||||||||
3,325,000 | United Technologies Corp | 4.625 | 11/16/48 | 3,978,101 | |||||||||||
200,000 | Valmont Industries, Inc | 5.000 | 10/01/44 | 217,357 | |||||||||||
200,000 | Valmont Industries, Inc | 5.250 | 10/01/54 | 220,999 | |||||||||||
600,000 | Wabtec Corp | 4.400 | 03/15/24 | 652,354 | |||||||||||
300,000 | Wabtec Corp | 3.450 | 11/15/26 | 323,325 | |||||||||||
875,000 | Wabtec Corp | 4.950 | 09/15/28 | 996,941 | |||||||||||
500,000 | Westinghouse Air Brake Technologies Corp | 3.200 | 06/15/25 | 528,962 | |||||||||||
750,000 | WW Grainger, Inc | 1.850 | 02/15/25 | 772,843 | |||||||||||
800,000 | WW Grainger, Inc | 4.600 | 06/15/45 | 963,828 |
19 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 200,000 | WW Grainger, Inc | 3.750 | % | 05/15/46 | $ | 209,040 | ||||||||
125,000 | WW Grainger, Inc | 4.200 | 05/15/47 | 141,239 | |||||||||||
300,000 | Xylem, Inc | 4.875 | 10/01/21 | 306,366 | |||||||||||
775,000 | Xylem, Inc | 3.250 | 11/01/26 | 841,924 | |||||||||||
225,000 | Xylem, Inc | 1.950 | 01/30/28 | 224,626 | |||||||||||
150,000 | Xylem, Inc | 2.250 | 01/30/31 | 147,181 | |||||||||||
100,000 | Xylem, Inc | 4.375 | 11/01/46 | 111,730 | |||||||||||
TOTAL CAPITAL GOODS | 299,754,457 | ||||||||||||||
COMMERCIAL & PROFESSIONAL SERVICES - 0.2% | |||||||||||||||
750,000 | BayCare Health System, Inc | 3.831 | 11/15/50 | 848,735 | |||||||||||
225,000 | g | Daimler Finance North America LLC | 3.650 | 02/22/24 | 242,643 | ||||||||||
925,000 | Daimler Finance North America LLC | 8.500 | 01/18/31 | 1,365,874 | |||||||||||
675,000 | Equifax, Inc | 2.300 | 06/01/21 | 675,931 | |||||||||||
200,000 | Equifax, Inc | 3.600 | 08/15/21 | 202,308 | |||||||||||
200,000 | Equifax, Inc | 3.300 | 12/15/22 | 208,108 | |||||||||||
200,000 | Equifax, Inc | 3.950 | 06/15/23 | 214,049 | |||||||||||
750,000 | Equifax, Inc | 2.600 | 12/01/24 | 792,198 | |||||||||||
125,000 | Equifax, Inc | 2.600 | 12/15/25 | 131,037 | |||||||||||
100,000 | Equifax, Inc | 3.100 | 05/15/30 | 103,799 | |||||||||||
600,000 | IHS Markit Ltd | 4.125 | 08/01/23 | 642,966 | |||||||||||
250,000 | IHS Markit Ltd | 3.625 | 05/01/24 | 268,206 | |||||||||||
100,000 | IHS Markit Ltd | 4.750 | 08/01/28 | 115,504 | |||||||||||
1,050,000 | IHS Markit Ltd | 4.250 | 05/01/29 | 1,182,752 | |||||||||||
500,000 | g | Leidos, Inc | 2.950 | 05/15/23 | 522,715 | ||||||||||
500,000 | g | Leidos, Inc | 3.625 | 05/15/25 | 542,499 | ||||||||||
100,000 | g | Leidos, Inc | 4.375 | 05/15/30 | 111,164 | ||||||||||
1,000,000 | g | Leidos, Inc | 2.300 | 02/15/31 | 944,350 | ||||||||||
380,000 | MidMichigan Health | 3.409 | 06/01/50 | 381,741 | |||||||||||
100,000 | Partners Healthcare System, Inc | 3.765 | 07/01/48 | 109,752 | |||||||||||
750,000 | Partners Healthcare System, Inc | 3.192 | 07/01/49 | 749,444 | |||||||||||
100,000 | Partners Healthcare System, Inc | 4.117 | 07/01/55 | 113,855 | |||||||||||
1,000,000 | Partners Healthcare System, Inc | 3.342 | 07/01/60 | 1,018,035 | |||||||||||
725,000 | RELX Capital, Inc | 3.500 | 03/16/23 | 763,634 | |||||||||||
625,000 | RELX Capital, Inc | 4.000 | 03/18/29 | 689,409 | |||||||||||
100,000 | RELX Capital, Inc | 3.000 | 05/22/30 | 103,715 | |||||||||||
750,000 | Republic Services, Inc | 3.200 | 03/15/25 | 803,815 | |||||||||||
275,000 | Republic Services, Inc | 0.875 | 11/15/25 | 269,170 | |||||||||||
900,000 | Republic Services, Inc | 2.900 | 07/01/26 | 959,788 | |||||||||||
100,000 | Republic Services, Inc | 3.375 | 11/15/27 | 109,185 | |||||||||||
500,000 | Republic Services, Inc | 2.300 | 03/01/30 | 496,682 | |||||||||||
1,000,000 | Republic Services, Inc | 1.450 | 02/15/31 | 914,214 | |||||||||||
575,000 | Republic Services, Inc | 1.750 | 02/15/32 | 533,362 | |||||||||||
1,000,000 | Republic Services, Inc | 3.050 | 03/01/50 | 950,845 | |||||||||||
880,000 | Rockefeller Foundation | 2.492 | 10/01/50 | 805,664 | |||||||||||
300,000 | Steelcase, Inc | 5.125 | 01/18/29 | 349,883 | |||||||||||
600,000 | Thomson Reuters Corp | 4.300 | 11/23/23 | 650,396 | |||||||||||
1,200,000 | Thomson Reuters Corp | 3.350 | 05/15/26 | 1,296,792 | |||||||||||
145,000 | Thomson Reuters Corp | 5.850 | 04/15/40 | 185,089 | |||||||||||
200,000 | Thomson Reuters Corp | 5.650 | 11/23/43 | 251,690 | |||||||||||
200,000 | Verisk Analytics, Inc | 5.800 | 05/01/21 | 200,742 | |||||||||||
500,000 | Verisk Analytics, Inc | 4.000 | 06/15/25 | 551,446 | |||||||||||
850,000 | Verisk Analytics, Inc | 4.125 | 03/15/29 | 944,565 | |||||||||||
300,000 | Verisk Analytics, Inc | 5.500 | 06/15/45 | 378,296 |
20 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 200,000 | Verisk Analytics, Inc | 3.625 | % | 05/15/50 | $ | 196,606 | ||||||||
750,000 | Waste Connections, Inc | 3.500 | 05/01/29 | 808,600 | |||||||||||
500,000 | Waste Connections, Inc | 2.600 | 02/01/30 | 502,131 | |||||||||||
500,000 | Waste Connections, Inc | 3.050 | 04/01/50 | 470,870 | |||||||||||
850,000 | Waste Management, Inc | 2.900 | 09/15/22 | 875,979 | |||||||||||
100,000 | Waste Management, Inc | 2.400 | 05/15/23 | 103,681 | |||||||||||
1,000,000 | Waste Management, Inc | 3.500 | 05/15/24 | 1,079,894 | |||||||||||
1,225,000 | Waste Management, Inc | 3.150 | 11/15/27 | 1,325,670 | |||||||||||
500,000 | Waste Management, Inc | 1.150 | 03/15/28 | 473,659 | |||||||||||
1,000,000 | Waste Management, Inc | 1.500 | 03/15/31 | 924,488 | |||||||||||
234,000 | Waste Management, Inc | 3.900 | 03/01/35 | 265,466 | |||||||||||
325,000 | Waste Management, Inc | 4.100 | 03/01/45 | 366,919 | |||||||||||
900,000 | Waste Management, Inc | 4.150 | 07/15/49 | 1,029,959 | |||||||||||
250,000 | Waste Management, Inc | 2.500 | 11/15/50 | 215,923 | |||||||||||
TOTAL COMMERCIAL & PROFESSIONAL SERVICES | 32,335,892 | ||||||||||||||
CONSUMER DURABLES & APPAREL - 0.2% | |||||||||||||||
300,000 | Coach, Inc | 3.000 | 07/15/22 | 306,899 | |||||||||||
700,000 | Coach, Inc | 4.125 | 07/15/27 | 758,787 | |||||||||||
500,000 | DR Horton, Inc | 4.375 | 09/15/22 | 522,136 | |||||||||||
750,000 | DR Horton, Inc | 2.500 | 10/15/24 | 787,605 | |||||||||||
500,000 | DR Horton, Inc | 2.600 | 10/15/25 | 525,898 | |||||||||||
1,000,000 | DR Horton, Inc | 1.400 | 10/15/27 | 972,588 | |||||||||||
750,000 | Hasbro, Inc | 3.550 | 11/19/26 | 809,433 | |||||||||||
775,000 | Hasbro, Inc | 3.500 | 09/15/27 | 827,394 | |||||||||||
1,000,000 | Hasbro, Inc | 3.900 | 11/19/29 | 1,075,461 | |||||||||||
100,000 | Hasbro, Inc | 6.350 | 03/15/40 | 127,791 | |||||||||||
200,000 | Hasbro, Inc | 5.100 | 05/15/44 | 222,470 | |||||||||||
200,000 | Leggett & Platt, Inc | 3.400 | 08/15/22 | 205,732 | |||||||||||
475,000 | Leggett & Platt, Inc | 3.500 | 11/15/27 | 509,904 | |||||||||||
350,000 | Leggett & Platt, Inc | 4.400 | 03/15/29 | 391,113 | |||||||||||
1,900,000 | Lennar Corp | 4.750 | 11/29/27 | 2,181,428 | |||||||||||
100,000 | Mohawk Industries, Inc | 3.850 | 02/01/23 | 105,147 | |||||||||||
750,000 | Mohawk Industries, Inc | 3.625 | 05/15/30 | 804,383 | |||||||||||
300,000 | NIKE, Inc | 2.250 | 05/01/23 | 310,255 | |||||||||||
650,000 | NIKE, Inc | 2.375 | 11/01/26 | 682,983 | |||||||||||
300,000 | NIKE, Inc | 3.625 | 05/01/43 | 324,347 | |||||||||||
825,000 | NIKE, Inc | 3.875 | 11/01/45 | 940,913 | |||||||||||
200,000 | NIKE, Inc | 3.375 | 11/01/46 | 206,935 | |||||||||||
2,440,000 | NIKE, Inc | 3.375 | 03/27/50 | 2,561,358 | |||||||||||
150,000 | NVR, Inc | 3.950 | 09/15/22 | 155,564 | |||||||||||
1,000,000 | NVR, Inc | 3.000 | 05/15/30 | 1,026,344 | |||||||||||
1,000,000 | Ralph Lauren Corp | 1.700 | 06/15/22 | 1,015,861 | |||||||||||
200,000 | Ralph Lauren Corp | 3.750 | 09/15/25 | 220,069 | |||||||||||
1,000,000 | Ralph Lauren Corp | 2.950 | 06/15/30 | 1,031,533 | |||||||||||
300,000 | VF Corp | 2.050 | 04/23/22 | 304,915 | |||||||||||
400,000 | VF Corp | 2.400 | 04/23/25 | 417,010 | |||||||||||
1,000,000 | VF Corp | 2.800 | 04/23/27 | 1,054,199 | |||||||||||
200,000 | VF Corp | 2.950 | 04/23/30 | 207,609 | |||||||||||
150,000 | Whirlpool Corp | 4.700 | 06/01/22 | 156,915 | |||||||||||
100,000 | Whirlpool Corp | 3.700 | 03/01/23 | 105,873 | |||||||||||
100,000 | Whirlpool Corp | 4.000 | 03/01/24 | 109,141 | |||||||||||
925,000 | Whirlpool Corp | 4.750 | 02/26/29 | 1,071,527 |
21 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 200,000 | Whirlpool Corp | 4.500 | % | 06/01/46 | $ | 218,343 | ||||||||
775,000 | Whirlpool Corp | 4.600 | 05/15/50 | 891,002 | |||||||||||
TOTAL CONSUMER DURABLES & APPAREL | 24,146,865 | ||||||||||||||
CONSUMER SERVICES - 0.5% | |||||||||||||||
14,500,000 | Anheuser-Busch Cos LLC | 3.650 | 02/01/26 | 15,942,601 | |||||||||||
3,150,000 | Anheuser-Busch Cos LLC | 4.700 | 02/01/36 | 3,690,126 | |||||||||||
11,375,000 | Anheuser-Busch Cos LLC | 4.900 | 02/01/46 | 13,587,936 | |||||||||||
300,000 | Board of Trustees of The Leland Stanford Junior University | 3.647 | 05/01/48 | 343,995 | |||||||||||
500,000 | Booking Holdings, Inc | 4.100 | 04/13/25 | 557,138 | |||||||||||
500,000 | Booking Holdings, Inc | 4.500 | 04/13/27 | 580,165 | |||||||||||
1,100,000 | Booking Holdings, Inc | 4.625 | 04/13/30 | 1,281,341 | |||||||||||
1,000,000 | California Endowment | 2.498 | 04/01/51 | 919,864 | |||||||||||
100,000 | Children’s Hospital Corp | 4.115 | 01/01/47 | 118,345 | |||||||||||
1,000,000 | Children’s Hospital Corp | 2.585 | 02/01/50 | 900,410 | |||||||||||
500,000 | Choice Hotels International, Inc | 3.700 | 12/01/29 | 523,980 | |||||||||||
600,000 | Cintas Corp No 2 | 2.900 | 04/01/22 | 613,879 | |||||||||||
675,000 | Cintas Corp No 2 | 3.700 | 04/01/27 | 749,548 | |||||||||||
500,000 | CommonSpirit Health | 2.950 | 11/01/22 | 515,916 | |||||||||||
750,000 | CommonSpirit Health | 2.760 | 10/01/24 | 794,651 | |||||||||||
1,000,000 | CommonSpirit Health | 3.347 | 10/01/29 | 1,066,979 | |||||||||||
1,000,000 | CommonSpirit Health | 2.782 | 10/01/30 | 1,011,809 | |||||||||||
300,000 | CommonSpirit Health | 4.350 | 11/01/42 | 331,092 | |||||||||||
750,000 | CommonSpirit Health | 3.817 | 10/01/49 | 793,296 | |||||||||||
715,000 | CommonSpirit Health | 4.187 | 10/01/49 | 771,158 | |||||||||||
500,000 | CommonSpirit Health | 3.910 | 10/01/50 | 509,352 | |||||||||||
200,000 | Darden Restaurants, Inc | 3.850 | 05/01/27 | 217,720 | |||||||||||
300,000 | Darden Restaurants, Inc | 4.550 | 02/15/48 | 317,264 | |||||||||||
500,000 | Emory University | 2.143 | 09/01/30 | 494,357 | |||||||||||
500,000 | Emory University | 2.969 | 09/01/50 | 494,739 | |||||||||||
200,000 | Hyatt Hotels Corp | 3.375 | 07/15/23 | 209,103 | |||||||||||
100,000 | Hyatt Hotels Corp | 5.375 | 04/23/25 | 112,196 | |||||||||||
100,000 | Hyatt Hotels Corp | 4.850 | 03/15/26 | 110,603 | |||||||||||
200,000 | Hyatt Hotels Corp | 4.375 | 09/15/28 | 214,388 | |||||||||||
1,100,000 | Hyatt Hotels Corp | 5.750 | 04/23/30 | 1,285,562 | |||||||||||
750,000 | Johns Hopkins University | 2.813 | 01/01/60 | 700,606 | |||||||||||
1,000,000 | Las Vegas Sands Corp | 3.200 | 08/08/24 | 1,042,624 | |||||||||||
500,000 | Las Vegas Sands Corp | 2.900 | 06/25/25 | 511,874 | |||||||||||
625,000 | Las Vegas Sands Corp | 3.500 | 08/18/26 | 651,677 | |||||||||||
750,000 | Las Vegas Sands Corp | 3.900 | 08/08/29 | 770,702 | |||||||||||
500,000 | Leland Stanford Junior University | 1.289 | 06/01/27 | 499,120 | |||||||||||
1,000,000 | Leland Stanford Junior University | 2.413 | 06/01/50 | 911,634 | |||||||||||
300,000 | Marriott International, Inc | 4.150 | 12/01/23 | 322,680 | |||||||||||
300,000 | Marriott International, Inc | 3.600 | 04/15/24 | 319,214 | |||||||||||
125,000 | Marriott International, Inc | 5.750 | 05/01/25 | 143,437 | |||||||||||
1,250,000 | Marriott International, Inc | 4.000 | 04/15/28 | 1,331,055 | |||||||||||
300,000 | Marriott International, Inc | 4.650 | 12/01/28 | 334,579 | |||||||||||
400,000 | Marriott International, Inc | 4.625 | 06/15/30 | 447,478 | |||||||||||
1,000,000 | Marriott International, Inc | 2.850 | 04/15/31 | 981,447 | |||||||||||
1,500,000 | Marriott International, Inc | 3.500 | 10/15/32 | 1,556,542 | |||||||||||
1,000,000 | Massachusetts Institute of Technology | 2.294 | 07/01/51 | 892,846 | |||||||||||
750,000 | Massachusetts Institute of Technology | 5.600 | 07/01/11 | 1,145,761 | |||||||||||
200,000 | Massachusetts Institute of Technology | 4.678 | 07/01/14 | 257,662 |
22 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 300,000 | Massachusetts Institute of Technology | 3.885 | % | 07/01/16 | $ | 324,640 | ||||||||
650,000 | McDonald’s Corp | 3.350 | 04/01/23 | 684,764 | |||||||||||
150,000 | McDonald’s Corp | 1.450 | 09/01/25 | 151,434 | |||||||||||
2,950,000 | McDonald’s Corp | 3.700 | 01/30/26 | 3,251,230 | |||||||||||
300,000 | McDonald’s Corp | 3.500 | 03/01/27 | 328,892 | |||||||||||
775,000 | McDonald’s Corp | 3.800 | 04/01/28 | 857,855 | |||||||||||
1,250,000 | McDonald’s Corp | 2.625 | 09/01/29 | 1,281,937 | |||||||||||
500,000 | McDonald’s Corp | 2.125 | 03/01/30 | 488,182 | |||||||||||
2,225,000 | McDonald’s Corp | 4.700 | 12/09/35 | 2,630,840 | |||||||||||
250,000 | McDonald’s Corp | 6.300 | 10/15/37 | 345,765 | |||||||||||
100,000 | McDonald’s Corp | 6.300 | 03/01/38 | 139,065 | |||||||||||
250,000 | McDonald’s Corp | 4.600 | 05/26/45 | 292,294 | |||||||||||
1,275,000 | McDonald’s Corp | 4.875 | 12/09/45 | 1,543,439 | |||||||||||
725,000 | McDonald’s Corp | 4.450 | 03/01/47 | 842,606 | |||||||||||
625,000 | McDonald’s Corp | 4.450 | 09/01/48 | 728,841 | |||||||||||
1,825,000 | McDonald’s Corp | 3.625 | 09/01/49 | 1,905,055 | |||||||||||
1,350,000 | McDonald’s Corp | 4.200 | 04/01/50 | 1,533,263 | |||||||||||
750,000 | Northeastern University | 2.894 | 10/01/50 | 711,777 | |||||||||||
200,000 | Northwestern University | 3.868 | 12/01/48 | 224,558 | |||||||||||
750,000 | Northwestern University | 2.640 | 12/01/50 | 712,626 | |||||||||||
200,000 | Northwestern University | 3.662 | 12/01/57 | 224,504 | |||||||||||
1,000,000 | President & Fellows of Harvard College | 2.517 | 10/15/50 | 932,702 | |||||||||||
750,000 | President and Fellows of Harvard College | 3.619 | 10/01/37 | 840,946 | |||||||||||
200,000 | President and Fellows of Harvard College | 3.150 | 07/15/46 | 211,017 | |||||||||||
200,000 | President and Fellows of Harvard College | 3.300 | 07/15/56 | 217,505 | |||||||||||
1,250,000 | Sands China Ltd | 4.600 | 08/08/23 | 1,336,737 | |||||||||||
2,800,000 | Sands China Ltd | 5.125 | 08/08/25 | 3,131,772 | |||||||||||
1,100,000 | Sands China Ltd | 5.400 | 08/08/28 | 1,256,684 | |||||||||||
200,000 | Starbucks Corp | 2.700 | 06/15/22 | 204,711 | |||||||||||
525,000 | Starbucks Corp | 3.850 | 10/01/23 | 564,126 | |||||||||||
175,000 | Starbucks Corp | 2.450 | 06/15/26 | 183,237 | |||||||||||
500,000 | Starbucks Corp | 2.000 | 03/12/27 | 511,609 | |||||||||||
750,000 | Starbucks Corp | 3.500 | 03/01/28 | 812,725 | |||||||||||
650,000 | Starbucks Corp | 4.000 | 11/15/28 | 727,801 | |||||||||||
750,000 | Starbucks Corp | 3.550 | 08/15/29 | 819,920 | |||||||||||
500,000 | Starbucks Corp | 2.250 | 03/12/30 | 491,802 | |||||||||||
1,500,000 | Starbucks Corp | 2.550 | 11/15/30 | 1,502,975 | |||||||||||
200,000 | Starbucks Corp | 4.300 | 06/15/45 | 219,750 | |||||||||||
200,000 | Starbucks Corp | 3.750 | 12/01/47 | 204,610 | |||||||||||
650,000 | Starbucks Corp | 4.500 | 11/15/48 | 756,757 | |||||||||||
1,000,000 | Starbucks Corp | 4.450 | 08/15/49 | 1,160,250 | |||||||||||
500,000 | Starbucks Corp | 3.350 | 03/12/50 | 489,195 | |||||||||||
1,000,000 | Starbucks Corp | 3.500 | 11/15/50 | 1,001,110 | |||||||||||
200,000 | Trinity Acquisition plc | 3.500 | 09/15/21 | 202,133 | |||||||||||
200,000 | Trinity Acquisition plc | 4.400 | 03/15/26 | 225,125 | |||||||||||
500,000 | Trustees of Boston College | 3.129 | 07/01/52 | 496,079 | |||||||||||
100,000 | Trustees of Boston University | 4.061 | 10/01/48 | 117,049 | |||||||||||
1,000,000 | Trustees of Princeton University | 2.516 | 07/01/50 | 934,818 | |||||||||||
1,000,000 | University of Chicago | 3.000 | 10/01/52 | 983,220 | |||||||||||
1,000,000 | University of Southern California | 3.226 | 10/01/20 | 895,314 | |||||||||||
200,000 | Wesleyan University | 4.781 | 07/01/16 | 237,716 | |||||||||||
500,000 | Yale University | 0.873 | 04/15/25 | 500,631 | |||||||||||
750,000 | Yale University | 1.482 | 04/15/30 | 714,760 |
23 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 750,000 | Yale University | 2.402 | % | 04/15/50 | $ | 687,876 | ||||||||
TOTAL CONSUMER SERVICES | 104,656,680 | ||||||||||||||
DIVERSIFIED FINANCIALS - 2.6% | |||||||||||||||
800,000 | AerCap Ireland Capital DAC | 3.950 | 02/01/22 | 818,520 | |||||||||||
200,000 | AerCap Ireland Capital DAC | 3.300 | 01/23/23 | 207,366 | |||||||||||
300,000 | AerCap Ireland Capital DAC | 4.125 | 07/03/23 | 318,260 | |||||||||||
1,500,000 | AerCap Ireland Capital DAC | 4.500 | 09/15/23 | 1,613,415 | |||||||||||
600,000 | AerCap Ireland Capital DAC | 4.875 | 01/16/24 | 652,887 | |||||||||||
1,000,000 | AerCap Ireland Capital DAC | 3.150 | 02/15/24 | 1,041,944 | |||||||||||
750,000 | AerCap Ireland Capital DAC | 2.875 | 08/14/24 | 773,505 | |||||||||||
1,675,000 | AerCap Ireland Capital DAC | 3.500 | 01/15/25 | 1,756,467 | |||||||||||
300,000 | AerCap Ireland Capital DAC | 4.450 | 10/01/25 | 325,917 | |||||||||||
500,000 | AerCap Ireland Capital DAC | 1.750 | 01/30/26 | 485,632 | |||||||||||
500,000 | AerCap Ireland Capital DAC | 4.450 | 04/03/26 | 541,328 | |||||||||||
250,000 | AerCap Ireland Capital DAC | 3.650 | 07/21/27 | 262,332 | |||||||||||
1,000,000 | AerCap Ireland Capital DAC | 4.625 | 10/15/27 | 1,096,953 | |||||||||||
200,000 | e | AerCap Ireland Capital DAC | 3.875 | 01/23/28 | 209,566 | ||||||||||
200,000 | Affiliated Managers Group, Inc | 4.250 | 02/15/24 | 219,235 | |||||||||||
1,000,000 | Affiliated Managers Group, Inc | 3.300 | 06/15/30 | 1,038,636 | |||||||||||
20,000 | Ahold Finance USA LLC | 6.875 | 05/01/29 | 26,563 | |||||||||||
1,000,000 | Ally Financial, Inc | 4.125 | 02/13/22 | 1,030,458 | |||||||||||
1,000,000 | Ally Financial, Inc | 3.050 | 06/05/23 | 1,045,628 | |||||||||||
2,000,000 | Ally Financial, Inc | 1.450 | 10/02/23 | 2,030,278 | |||||||||||
500,000 | Ally Financial, Inc | 5.800 | 05/01/25 | 579,575 | |||||||||||
2,000,000 | Ally Financial, Inc | 8.000 | 11/01/31 | 2,785,348 | |||||||||||
200,000 | American Express Co | 3.700 | 11/05/21 | 203,445 | |||||||||||
1,050,000 | American Express Co | 2.500 | 08/01/22 | 1,078,260 | |||||||||||
175,000 | American Express Co | 2.650 | 12/02/22 | 181,523 | |||||||||||
5,000,000 | American Express Co | 3.400 | 02/27/23 | 5,262,573 | |||||||||||
2,000,000 | American Express Co | 3.700 | 08/03/23 | 2,140,669 | |||||||||||
750,000 | American Express Co | 3.000 | 10/30/24 | 804,675 | |||||||||||
1,000,000 | American Express Co | 4.200 | 11/06/25 | 1,130,212 | |||||||||||
2,500,000 | American Express Co | 3.125 | 05/20/26 | 2,688,213 | |||||||||||
525,000 | American Express Co | 4.050 | 12/03/42 | 584,684 | |||||||||||
1,050,000 | American Express Credit Corp | 2.700 | 03/03/22 | 1,071,190 | |||||||||||
450,000 | American Honda Finance Corp | 1.650 | 07/12/21 | 451,655 | |||||||||||
1,000,000 | American Honda Finance Corp | 1.950 | 05/20/22 | 1,018,482 | |||||||||||
1,000,000 | American Honda Finance Corp | 0.400 | 10/21/22 | 1,000,315 | |||||||||||
325,000 | American Honda Finance Corp | 2.005 | 01/10/23 | 334,107 | |||||||||||
1,250,000 | American Honda Finance Corp | 0.875 | 07/07/23 | 1,258,724 | |||||||||||
300,000 | American Honda Finance Corp | 3.450 | 07/14/23 | 320,028 | |||||||||||
750,000 | American Honda Finance Corp | 0.650 | 09/08/23 | 751,479 | |||||||||||
500,000 | American Honda Finance Corp | 3.625 | 10/10/23 | 537,032 | |||||||||||
300,000 | American Honda Finance Corp | 3.550 | 01/12/24 | 323,840 | |||||||||||
200,000 | American Honda Finance Corp | 2.900 | 02/16/24 | 212,298 | |||||||||||
1,000,000 | American Honda Finance Corp | 2.400 | 06/27/24 | 1,048,666 | |||||||||||
1,000,000 | American Honda Finance Corp | 0.550 | 07/12/24 | 992,772 | |||||||||||
500,000 | American Honda Finance Corp | 2.150 | 09/10/24 | 521,193 | |||||||||||
1,000,000 | American Honda Finance Corp | 1.200 | 07/08/25 | 995,747 | |||||||||||
750,000 | American Honda Finance Corp | 1.000 | 09/10/25 | 738,498 | |||||||||||
100,000 | American Honda Finance Corp | 2.300 | 09/09/26 | 104,623 | |||||||||||
1,000,000 | American Honda Finance Corp | 2.350 | 01/08/27 | 1,032,869 | |||||||||||
500,000 | American Honda Finance Corp | 3.500 | 02/15/28 | 546,545 |
24 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 1,000,000 | American Honda Finance Corp | 2.000 | % | 03/24/28 | $ | 997,755 | ||||||||
1,500,000 | American Honda Finance Corp | 1.800 | 01/13/31 | 1,411,330 | |||||||||||
150,000 | Ameriprise Financial, Inc | 3.000 | 03/22/22 | 153,910 | |||||||||||
875,000 | Ameriprise Financial, Inc | 4.000 | 10/15/23 | 950,407 | |||||||||||
300,000 | Ameriprise Financial, Inc | 3.700 | 10/15/24 | 328,769 | |||||||||||
125,000 | Ameriprise Financial, Inc | 3.000 | 04/02/25 | 132,994 | |||||||||||
200,000 | Ameriprise Financial, Inc | 2.875 | 09/15/26 | 212,920 | |||||||||||
1,000,000 | Andrew W Mellon Foundation | 0.947 | 08/01/27 | 973,211 | |||||||||||
200,000 | Ares Capital Corp | 3.625 | 01/19/22 | 204,164 | |||||||||||
600,000 | Ares Capital Corp | 3.500 | 02/10/23 | 625,620 | |||||||||||
850,000 | Ares Capital Corp | 4.200 | 06/10/24 | 916,490 | |||||||||||
500,000 | Ares Capital Corp | 4.250 | 03/01/25 | 536,415 | |||||||||||
500,000 | Ares Capital Corp | 3.250 | 07/15/25 | 515,762 | |||||||||||
1,200,000 | Ares Capital Corp | 3.875 | 01/15/26 | 1,264,669 | |||||||||||
1,500,000 | Ares Capital Corp | 2.150 | 07/15/26 | 1,460,736 | |||||||||||
227,000 | AXA Equitable Holdings, Inc | 3.900 | 04/20/23 | 241,332 | |||||||||||
1,375,000 | AXA Equitable Holdings, Inc | 4.350 | 04/20/28 | 1,539,608 | |||||||||||
975,000 | AXA Equitable Holdings, Inc | 5.000 | 04/20/48 | 1,173,638 | |||||||||||
2,000,000 | Bank of ,NV Scotia | 1.050 | 03/02/26 | 1,968,198 | |||||||||||
500,000 | Bank of New York Mellon Corp | 3.550 | 09/23/21 | 506,375 | |||||||||||
375,000 | Bank of New York Mellon Corp | 1.950 | 08/23/22 | 383,519 | |||||||||||
750,000 | Bank of New York Mellon Corp | 1.850 | 01/27/23 | 771,630 | |||||||||||
2,625,000 | Bank of New York Mellon Corp | 2.950 | 01/29/23 | 2,744,417 | |||||||||||
1,025,000 | Bank of New York Mellon Corp | 3.500 | 04/28/23 | 1,090,061 | |||||||||||
825,000 | Bank of New York Mellon Corp | 2.200 | 08/16/23 | 858,006 | |||||||||||
1,000,000 | Bank of New York Mellon Corp | 0.350 | 12/07/23 | 999,072 | |||||||||||
350,000 | Bank of New York Mellon Corp | 3.650 | 02/04/24 | 380,174 | |||||||||||
800,000 | Bank of New York Mellon Corp | 3.250 | 09/11/24 | 868,703 | |||||||||||
1,750,000 | Bank of New York Mellon Corp | 2.100 | 10/24/24 | 1,841,863 | |||||||||||
500,000 | Bank of New York Mellon Corp | 3.000 | 02/24/25 | 535,847 | |||||||||||
725,000 | Bank of New York Mellon Corp | 1.600 | 04/24/25 | 738,856 | |||||||||||
1,500,000 | Bank of New York Mellon Corp | 0.750 | 01/28/26 | 1,470,159 | |||||||||||
500,000 | Bank of New York Mellon Corp | 2.800 | 05/04/26 | 534,293 | |||||||||||
500,000 | Bank of New York Mellon Corp | 2.450 | 08/17/26 | 525,419 | |||||||||||
800,000 | Bank of New York Mellon Corp | 3.250 | 05/16/27 | 869,999 | |||||||||||
1,000,000 | Bank of New York Mellon Corp | 3.400 | 01/29/28 | 1,093,612 | |||||||||||
600,000 | e | Bank of New York Mellon Corp | 3.850 | 04/28/28 | 676,994 | ||||||||||
400,000 | Bank of New York Mellon Corp | 3.300 | 08/23/29 | 429,166 | |||||||||||
1,500,000 | Bank of New York Mellon Corp | 1.650 | 01/28/31 | 1,427,157 | |||||||||||
1,325,000 | Berkshire Hathaway, Inc | 2.750 | 03/15/23 | 1,384,419 | |||||||||||
2,400,000 | Berkshire Hathaway, Inc | 3.125 | 03/15/26 | 2,612,807 | |||||||||||
800,000 | Berkshire Hathaway, Inc | 4.500 | 02/11/43 | 959,106 | |||||||||||
250,000 | BGC Partners, Inc | 5.375 | 07/24/23 | 271,698 | |||||||||||
500,000 | BGC Partners, Inc | 3.750 | 10/01/24 | 524,560 | |||||||||||
750,000 | BGC Partners, Inc | 4.375 | 12/15/25 | 798,543 | |||||||||||
5,325,000 | BlackRock, Inc | 3.375 | 06/01/22 | 5,516,344 | |||||||||||
500,000 | BlackRock, Inc | 3.500 | 03/18/24 | 543,795 | |||||||||||
850,000 | BlackRock, Inc | 3.250 | 04/30/29 | 920,644 | |||||||||||
1,450,000 | BlackRock, Inc | 1.900 | 01/28/31 | 1,402,477 | |||||||||||
200,000 | Block Financial LLC | 5.500 | 11/01/22 | 209,896 | |||||||||||
200,000 | Block Financial LLC | 5.250 | 10/01/25 | 223,904 | |||||||||||
750,000 | Block Financial LLC | 3.875 | 08/15/30 | 773,849 | |||||||||||
400,000 | BPCE S.A. | 2.750 | 12/02/21 | 406,527 |
25 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 1,025,000 | BPCE S.A. | 4.000 | % | 04/15/24 | $ | 1,120,842 | ||||||||
300,000 | BPCE S.A. | 3.375 | 12/02/26 | 326,471 | |||||||||||
300,000 | Brookfield Asset Management, Inc | 4.000 | 01/15/25 | 327,749 | |||||||||||
1,000,000 | Brookfield Finance LLC | 3.450 | 04/15/50 | 946,556 | |||||||||||
550,000 | Brookfield Finance, Inc | 4.000 | 04/01/24 | 597,225 | |||||||||||
200,000 | Brookfield Finance, Inc | 4.250 | 06/02/26 | 225,271 | |||||||||||
300,000 | Brookfield Finance, Inc | 3.900 | 01/25/28 | 329,631 | |||||||||||
600,000 | Brookfield Finance, Inc | 4.850 | 03/29/29 | 693,353 | |||||||||||
300,000 | Brookfield Finance, Inc | 4.350 | 04/15/30 | 338,698 | |||||||||||
725,000 | Brookfield Finance, Inc | 4.700 | 09/20/47 | 826,766 | |||||||||||
1,000,000 | Brookfield Finance, Inc | 3.500 | 03/30/51 | 952,995 | |||||||||||
275,000 | Capital One Bank USA NA | 3.375 | 02/15/23 | 288,857 | |||||||||||
2,250,000 | Capital One Financial Corp | 3.050 | 03/09/22 | 2,301,203 | |||||||||||
1,925,000 | Capital One Financial Corp | 3.200 | 01/30/23 | 2,015,245 | |||||||||||
500,000 | Capital One Financial Corp | 2.600 | 05/11/23 | 519,996 | |||||||||||
150,000 | Capital One Financial Corp | 3.500 | 06/15/23 | 159,550 | |||||||||||
300,000 | Capital One Financial Corp | 3.900 | 01/29/24 | 324,354 | |||||||||||
750,000 | Capital One Financial Corp | 3.300 | 10/30/24 | 808,614 | |||||||||||
125,000 | Capital One Financial Corp | 3.200 | 02/05/25 | 133,257 | |||||||||||
625,000 | Capital One Financial Corp | 4.250 | 04/30/25 | 692,445 | |||||||||||
850,000 | Capital One Financial Corp | 4.200 | 10/29/25 | 940,805 | |||||||||||
700,000 | Capital One Financial Corp | 3.750 | 07/28/26 | 760,526 | |||||||||||
1,075,000 | Capital One Financial Corp | 3.750 | 03/09/27 | 1,180,076 | |||||||||||
1,000,000 | Capital One Financial Corp | 3.650 | 05/11/27 | 1,093,625 | |||||||||||
2,700,000 | Capital One Financial Corp | 3.800 | 01/31/28 | 2,967,679 | |||||||||||
1,000,000 | Cboe Global Markets, Inc | 1.625 | 12/15/30 | 931,298 | |||||||||||
450,000 | CBOE Holdings, Inc | 3.650 | 01/12/27 | 495,061 | |||||||||||
500,000 | Celanese US Holdings LLC | 4.625 | 11/15/22 | 529,839 | |||||||||||
200,000 | Celanese US Holdings LLC | 3.500 | 05/08/24 | 214,449 | |||||||||||
425,000 | Charles Schwab Corp | 2.650 | 01/25/23 | 441,815 | |||||||||||
300,000 | Charles Schwab Corp | 3.550 | 02/01/24 | 324,156 | |||||||||||
200,000 | Charles Schwab Corp | 3.000 | 03/10/25 | 213,841 | |||||||||||
1,250,000 | Charles Schwab Corp | 3.850 | 05/21/25 | 1,381,619 | |||||||||||
1,500,000 | Charles Schwab Corp | 0.900 | 03/11/26 | 1,480,579 | |||||||||||
500,000 | Charles Schwab Corp | 3.200 | 03/02/27 | 543,368 | |||||||||||
200,000 | Charles Schwab Corp | 3.200 | 01/25/28 | 216,496 | |||||||||||
2,000,000 | Charles Schwab Corp | 2.000 | 03/20/28 | 2,008,880 | |||||||||||
300,000 | Charles Schwab Corp | 4.000 | 02/01/29 | 338,764 | |||||||||||
1,000,000 | Charles Schwab Corp | 3.250 | 05/22/29 | 1,076,035 | |||||||||||
1,500,000 | Charles Schwab Corp | 1.650 | 03/11/31 | 1,401,111 | |||||||||||
1,500,000 | CI Financial Corp | 3.200 | 12/17/30 | 1,492,098 | |||||||||||
350,000 | CME Group, Inc | 3.000 | 09/15/22 | 363,476 | |||||||||||
475,000 | CME Group, Inc | 3.000 | 03/15/25 | 507,862 | |||||||||||
500,000 | CME Group, Inc | 3.750 | 06/15/28 | 556,050 | |||||||||||
400,000 | CME Group, Inc | 5.300 | 09/15/43 | 540,395 | |||||||||||
500,000 | CME Group, Inc | 4.150 | 06/15/48 | 599,674 | |||||||||||
2,000,000 | Credit Suisse AG. | 1.000 | 05/05/23 | 2,010,897 | |||||||||||
2,000,000 | Credit Suisse AG. | 0.495 | 02/02/24 | 1,977,436 | |||||||||||
2,900,000 | Credit Suisse AG. | 3.625 | 09/09/24 | 3,142,715 | |||||||||||
500,000 | Credit Suisse AG. | 2.950 | 04/09/25 | 530,021 | |||||||||||
1,275,000 | Credit Suisse Group Funding Guernsey Ltd | 3.800 | 06/09/23 | 1,352,877 | |||||||||||
2,300,000 | Credit Suisse Group Funding Guernsey Ltd | 3.750 | 03/26/25 | 2,478,240 | |||||||||||
2,750,000 | Credit Suisse Group Funding Guernsey Ltd | 4.550 | 04/17/26 | 3,076,593 | |||||||||||
1,750,000 | Credit Suisse Group Funding Guernsey Ltd | 4.875 | 05/15/45 | 2,081,470 |
26 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 500,000 | Deutsche Bank AG. | 3.375 | % | 05/12/21 | $ | 501,430 | ||||||||
400,000 | Deutsche Bank AG. | 3.300 | 11/16/22 | 415,402 | |||||||||||
750,000 | Deutsche Bank AG. | 3.950 | 02/27/23 | 792,118 | |||||||||||
525,000 | Deutsche Bank AG. | 3.700 | 05/30/24 | 561,389 | |||||||||||
1,000,000 | Deutsche Bank AG. | 2.222 | 09/18/24 | 1,026,468 | |||||||||||
2,000,000 | Deutsche Bank AG. | 1.447 | 04/01/25 | 1,999,304 | |||||||||||
1,000,000 | Deutsche Bank AG. | 3.961 | 11/26/25 | 1,082,782 | |||||||||||
1,800,000 | Deutsche Bank AG. | 4.100 | 01/13/26 | 1,944,946 | |||||||||||
3,000,000 | Deutsche Bank AG. | 1.686 | 03/19/26 | 2,993,335 | |||||||||||
2,000,000 | Deutsche Bank AG. | 2.129 | 11/24/26 | 2,005,032 | |||||||||||
825,000 | Deutsche Bank AG. | 3.547 | 09/18/31 | 851,884 | |||||||||||
2,575,000 | Diageo Investment Corp | 2.875 | 05/11/22 | 2,650,283 | |||||||||||
100,000 | Diageo Investment Corp | 4.250 | 05/11/42 | 117,629 | |||||||||||
100,000 | Discover Financial Services | 5.200 | 04/27/22 | 104,825 | |||||||||||
700,000 | Discover Financial Services | 3.950 | 11/06/24 | 762,734 | |||||||||||
200,000 | Discover Financial Services | 4.500 | 01/30/26 | 225,511 | |||||||||||
350,000 | Discover Financial Services | 4.100 | 02/09/27 | 388,433 | |||||||||||
475,000 | E*TRADE Financial Corp | 2.950 | 08/24/22 | 490,515 | |||||||||||
200,000 | E*TRADE Financial Corp | 3.800 | 08/24/27 | 221,700 | |||||||||||
300,000 | E*TRADE Financial Corp | 4.500 | 06/20/28 | 342,374 | |||||||||||
300,000 | Eaton Vance Corp | 3.625 | 06/15/23 | 320,027 | |||||||||||
200,000 | Eaton Vance Corp | 3.500 | 04/06/27 | 217,169 | |||||||||||
750,000 | Ford Foundation | 2.415 | 06/01/50 | 676,489 | |||||||||||
525,000 | Ford Foundation | 2.815 | 06/01/70 | 472,593 | |||||||||||
150,000 | Franklin Resources, Inc | 2.800 | 09/15/22 | 155,180 | |||||||||||
200,000 | Franklin Resources, Inc | 2.850 | 03/30/25 | 212,261 | |||||||||||
1,000,000 | Franklin Resources, Inc | 1.600 | 10/30/30 | 925,078 | |||||||||||
750,000 | FS KKR Capital Corp | 4.125 | 02/01/25 | 771,157 | |||||||||||
750,000 | FS KKR Capital Corp | 3.400 | 01/15/26 | 743,903 | |||||||||||
5,768,000 | GE Capital International Funding Co | 3.373 | 11/15/25 | 6,254,214 | |||||||||||
8,444,000 | GE Capital International Funding Co | 4.418 | 11/15/35 | 9,666,353 | |||||||||||
2,000,000 | General Motors Financial Co, Inc | 3.550 | 04/09/21 | 2,000,703 | |||||||||||
875,000 | General Motors Financial Co, Inc | 3.200 | 07/06/21 | 878,799 | |||||||||||
575,000 | General Motors Financial Co, Inc | 4.200 | 11/06/21 | 587,414 | |||||||||||
1,000,000 | General Motors Financial Co, Inc | 3.450 | 01/14/22 | 1,020,074 | |||||||||||
2,700,000 | General Motors Financial Co, Inc | 3.450 | 04/10/22 | 2,763,422 | |||||||||||
525,000 | General Motors Financial Co, Inc | 3.150 | 06/30/22 | 539,776 | |||||||||||
850,000 | General Motors Financial Co, Inc | 3.550 | 07/08/22 | 880,502 | |||||||||||
300,000 | General Motors Financial Co, Inc | 3.250 | 01/05/23 | 312,507 | |||||||||||
1,125,000 | General Motors Financial Co, Inc | 3.700 | 05/09/23 | 1,184,910 | |||||||||||
725,000 | General Motors Financial Co, Inc | 4.150 | 06/19/23 | 777,840 | |||||||||||
650,000 | General Motors Financial Co, Inc | 5.100 | 01/17/24 | 718,822 | |||||||||||
725,000 | General Motors Financial Co, Inc | 3.950 | 04/13/24 | 780,273 | |||||||||||
1,500,000 | General Motors Financial Co, Inc | 3.500 | 11/07/24 | 1,608,928 | |||||||||||
125,000 | General Motors Financial Co, Inc | 4.000 | 01/15/25 | 135,779 | |||||||||||
1,000,000 | General Motors Financial Co, Inc | 2.900 | 02/26/25 | 1,048,488 | |||||||||||
5,175,000 | General Motors Financial Co, Inc | 4.350 | 04/09/25 | 5,676,042 | |||||||||||
3,000,000 | General Motors Financial Co, Inc | 2.750 | 06/20/25 | 3,131,709 | |||||||||||
450,000 | General Motors Financial Co, Inc | 4.300 | 07/13/25 | 494,826 | |||||||||||
500,000 | General Motors Financial Co, Inc | 1.250 | 01/08/26 | 490,596 | |||||||||||
275,000 | General Motors Financial Co, Inc | 5.250 | 03/01/26 | 315,034 | |||||||||||
525,000 | General Motors Financial Co, Inc | 4.000 | 10/06/26 | 572,765 | |||||||||||
1,400,000 | General Motors Financial Co, Inc | 4.350 | 01/17/27 | 1,554,712 |
27 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 1,000,000 | General Motors Financial Co, Inc | 2.700 | % | 08/20/27 | $ | 1,018,766 | ||||||||
1,100,000 | General Motors Financial Co, Inc | 3.850 | 01/05/28 | 1,184,734 | |||||||||||
2,400,000 | General Motors Financial Co, Inc | 5.650 | 01/17/29 | 2,847,022 | |||||||||||
1,500,000 | General Motors Financial Co, Inc | 3.600 | 06/21/30 | 1,582,239 | |||||||||||
2,000,000 | General Motors Financial Co, Inc | 2.350 | 01/08/31 | 1,909,939 | |||||||||||
500,000 | Goldman Sachs BDC, Inc | 3.750 | 02/10/25 | 527,498 | |||||||||||
500,000 | Goldman Sachs BDC, Inc | 2.875 | 01/15/26 | 505,365 | |||||||||||
1,300,000 | Goldman Sachs Group, Inc | 5.250 | 07/27/21 | 1,320,051 | |||||||||||
5,625,000 | Goldman Sachs Group, Inc | 5.750 | 01/24/22 | 5,869,901 | |||||||||||
1,350,000 | Goldman Sachs Group, Inc | 3.000 | 04/26/22 | 1,352,112 | |||||||||||
2,275,000 | Goldman Sachs Group, Inc | 3.625 | 01/22/23 | 2,398,800 | |||||||||||
2,000,000 | Goldman Sachs Group, Inc | 0.481 | 01/27/23 | 1,997,258 | |||||||||||
5,425,000 | Goldman Sachs Group, Inc | 3.200 | 02/23/23 | 5,676,930 | |||||||||||
1,000,000 | Goldman Sachs Group, Inc | 0.627 | 11/17/23 | 1,000,180 | |||||||||||
2,575,000 | Goldman Sachs Group, Inc | 3.625 | 02/20/24 | 2,771,086 | |||||||||||
2,025,000 | Goldman Sachs Group, Inc | 4.000 | 03/03/24 | 2,206,652 | |||||||||||
425,000 | Goldman Sachs Group, Inc | 3.850 | 07/08/24 | 461,912 | |||||||||||
600,000 | Goldman Sachs Group, Inc | 3.500 | 01/23/25 | 647,490 | |||||||||||
250,000 | Goldman Sachs Group, Inc | 3.500 | 04/01/25 | 270,853 | |||||||||||
1,100,000 | Goldman Sachs Group, Inc | 3.750 | 05/22/25 | 1,200,809 | |||||||||||
2,375,000 | Goldman Sachs Group, Inc | 3.272 | 09/29/25 | 2,548,541 | |||||||||||
575,000 | Goldman Sachs Group, Inc | 4.250 | 10/21/25 | 641,816 | |||||||||||
700,000 | Goldman Sachs Group, Inc | 0.855 | 02/12/26 | 688,032 | |||||||||||
1,125,000 | Goldman Sachs Group, Inc | 3.750 | 02/25/26 | 1,235,883 | |||||||||||
425,000 | Goldman Sachs Group, Inc | 3.500 | 11/16/26 | 460,637 | |||||||||||
700,000 | Goldman Sachs Group, Inc | 1.093 | 12/09/26 | 685,924 | |||||||||||
125,000 | Goldman Sachs Group, Inc | 5.950 | 01/15/27 | 151,210 | |||||||||||
3,950,000 | Goldman Sachs Group, Inc | 3.850 | 01/26/27 | 4,332,994 | |||||||||||
2,600,000 | Goldman Sachs Group, Inc | 1.431 | 03/09/27 | 2,576,720 | |||||||||||
4,475,000 | Goldman Sachs Group, Inc | 3.691 | 06/05/28 | 4,896,379 | |||||||||||
8,525,000 | Goldman Sachs Group, Inc | 3.814 | 04/23/29 | 9,340,192 | |||||||||||
550,000 | Goldman Sachs Group, Inc | 4.223 | 05/01/29 | 616,999 | |||||||||||
2,500,000 | Goldman Sachs Group, Inc | 2.600 | 02/07/30 | 2,530,405 | |||||||||||
2,500,000 | Goldman Sachs Group, Inc | 3.800 | 03/15/30 | 2,753,551 | |||||||||||
5,000,000 | Goldman Sachs Group, Inc | 1.992 | 01/27/32 | 4,745,226 | |||||||||||
900,000 | Goldman Sachs Group, Inc | 6.750 | 10/01/37 | 1,272,259 | |||||||||||
2,425,000 | Goldman Sachs Group, Inc | 4.017 | 10/31/38 | 2,689,107 | |||||||||||
4,525,000 | Goldman Sachs Group, Inc | 4.411 | 04/23/39 | 5,273,983 | |||||||||||
2,475,000 | Goldman Sachs Group, Inc | 6.250 | 02/01/41 | 3,503,460 | |||||||||||
1,225,000 | Goldman Sachs Group, Inc | 4.800 | 07/08/44 | 1,504,879 | |||||||||||
1,650,000 | Goldman Sachs Group, Inc | 5.150 | 05/22/45 | 2,062,451 | |||||||||||
200,000 | Goldman Sachs Group, Inc | 4.750 | 10/21/45 | 246,334 | |||||||||||
1,000,000 | Golub Capital BDC, Inc | 2.500 | 08/24/26 | 978,300 | |||||||||||
300,000 | Intercontinental Exchange, Inc | 2.350 | 09/15/22 | 307,388 | |||||||||||
1,000,000 | Intercontinental Exchange, Inc | 0.700 | 06/15/23 | 1,000,993 | |||||||||||
300,000 | Intercontinental Exchange, Inc | 3.450 | 09/21/23 | 320,356 | |||||||||||
350,000 | Intercontinental Exchange, Inc | 4.000 | 10/15/23 | 379,082 | |||||||||||
825,000 | Intercontinental Exchange, Inc | 3.750 | 12/01/25 | 904,606 | |||||||||||
1,000,000 | Intercontinental Exchange, Inc | 3.100 | 09/15/27 | 1,083,594 | |||||||||||
500,000 | Intercontinental Exchange, Inc | 3.750 | 09/21/28 | 549,865 | |||||||||||
1,500,000 | Intercontinental Exchange, Inc | 2.100 | 06/15/30 | 1,440,549 | |||||||||||
1,000,000 | Intercontinental Exchange, Inc | 1.850 | 09/15/32 | 915,429 | |||||||||||
775,000 | Intercontinental Exchange, Inc | 2.650 | 09/15/40 | 716,429 | |||||||||||
575,000 | Intercontinental Exchange, Inc | 4.250 | 09/21/48 | 638,593 |
28 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 1,000,000 | Intercontinental Exchange, Inc | 3.000 | % | 06/15/50 | $ | 931,842 | ||||||||
1,000,000 | Intercontinental Exchange, Inc | 3.000 | 09/15/60 | 886,631 | |||||||||||
600,000 | International Lease Finance Corp | 5.875 | 08/15/22 | 641,605 | |||||||||||
125,000 | Invesco Finance plc | 3.125 | 11/30/22 | 130,376 | |||||||||||
200,000 | Invesco Finance plc | 4.000 | 01/30/24 | 218,530 | |||||||||||
800,000 | Invesco Finance plc | 3.750 | 01/15/26 | 878,369 | |||||||||||
200,000 | Invesco Finance plc | 5.375 | 11/30/43 | 247,415 | |||||||||||
2,000,000 | J Paul Getty Trust | 0.391 | 01/01/24 | 1,987,016 | |||||||||||
300,000 | Janus Capital Group, Inc | 4.875 | 08/01/25 | 338,763 | |||||||||||
1,000,000 | Jefferies Group LLC | 4.850 | 01/15/27 | 1,150,405 | |||||||||||
600,000 | Jefferies Group LLC | 6.450 | 06/08/27 | 747,886 | |||||||||||
1,000,000 | Jefferies Group LLC | 4.150 | 01/23/30 | 1,097,955 | |||||||||||
1,000,000 | Jefferies Group LLC | 2.750 | 10/15/32 | 979,593 | |||||||||||
150,000 | Lazard Group LLC | 3.750 | 02/13/25 | 162,970 | |||||||||||
200,000 | Lazard Group LLC | 3.625 | 03/01/27 | 215,553 | |||||||||||
325,000 | Lazard Group LLC | 4.500 | 09/19/28 | 366,622 | |||||||||||
425,000 | Lazard Group LLC | �� | 4.375 | 03/11/29 | 473,548 | ||||||||||
400,000 | Legg Mason, Inc | 5.625 | 01/15/44 | 528,376 | |||||||||||
1,000,000 | Main Street Capital Corp | 3.000 | 07/14/26 | 993,988 | |||||||||||
200,000 | Moody’s Corp | 2.625 | 01/15/23 | 207,316 | |||||||||||
1,200,000 | Moody’s Corp | 3.250 | 01/15/28 | 1,288,694 | |||||||||||
300,000 | Moody’s Corp | 4.250 | 02/01/29 | 340,505 | |||||||||||
200,000 | Moody’s Corp | 5.250 | 07/15/44 | 258,048 | |||||||||||
300,000 | Moody’s Corp | 4.875 | 12/17/48 | 369,710 | |||||||||||
750,000 | Moody’s Corp | 3.250 | 05/20/50 | 727,984 | |||||||||||
4,275,000 | Morgan Stanley | 2.750 | 05/19/22 | 4,390,660 | |||||||||||
2,850,000 | Morgan Stanley | 4.875 | 11/01/22 | 3,038,559 | |||||||||||
475,000 | Morgan Stanley | 3.750 | 02/25/23 | 503,597 | |||||||||||
3,175,000 | Morgan Stanley | 4.100 | 05/22/23 | 3,395,122 | |||||||||||
2,000,000 | Morgan Stanley | 0.560 | 11/10/23 | 2,000,643 | |||||||||||
1,000,000 | Morgan Stanley | 0.529 | 01/25/24 | 998,177 | |||||||||||
5,350,000 | Morgan Stanley | 3.737 | 04/24/24 | 5,687,665 | |||||||||||
4,092,000 | Morgan Stanley | 3.700 | 10/23/24 | 4,479,753 | |||||||||||
1,025,000 | Morgan Stanley | 2.720 | 07/22/25 | 1,081,292 | |||||||||||
500,000 | Morgan Stanley | 4.000 | 07/23/25 | 554,878 | |||||||||||
4,000,000 | Morgan Stanley | 0.864 | 10/21/25 | 3,978,422 | |||||||||||
950,000 | Morgan Stanley | 5.000 | 11/24/25 | 1,091,818 | |||||||||||
575,000 | Morgan Stanley | 3.875 | 01/27/26 | 639,364 | |||||||||||
500,000 | Morgan Stanley | 3.125 | 07/27/26 | 538,140 | |||||||||||
400,000 | Morgan Stanley | 4.350 | 09/08/26 | 451,942 | |||||||||||
5,000,000 | Morgan Stanley | 0.985 | 12/10/26 | 4,880,465 | |||||||||||
2,750,000 | Morgan Stanley | 3.625 | 01/20/27 | 3,017,440 | |||||||||||
1,975,000 | Morgan Stanley | 3.950 | 04/23/27 | 2,185,486 | |||||||||||
1,575,000 | Morgan Stanley | 3.591 | 07/22/28 | 1,717,043 | |||||||||||
4,850,000 | Morgan Stanley | 3.772 | 01/24/29 | 5,304,640 | |||||||||||
3,475,000 | Morgan Stanley | 4.431 | 01/23/30 | 3,978,911 | |||||||||||
5,000,000 | Morgan Stanley | 2.699 | 01/22/31 | 5,087,642 | |||||||||||
500,000 | Morgan Stanley | 3.622 | 04/01/31 | 542,872 | |||||||||||
5,000,000 | Morgan Stanley | 1.794 | 02/13/32 | 4,666,794 | |||||||||||
150,000 | Morgan Stanley | 7.250 | 04/01/32 | 210,825 | |||||||||||
2,500,000 | Morgan Stanley | 1.928 | 04/28/32 | 2,361,763 | |||||||||||
725,000 | Morgan Stanley | 3.971 | 07/22/38 | 805,176 | |||||||||||
2,675,000 | Morgan Stanley | 4.457 | 04/22/39 | 3,129,339 |
29 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 275,000 | Morgan Stanley | 6.375 | % | 07/24/42 | $ | 401,072 | ||||||||
175,000 | Morgan Stanley | 4.300 | 01/27/45 | 205,026 | |||||||||||
3,200,000 | Morgan Stanley | 4.375 | 01/22/47 | 3,795,765 | |||||||||||
900,000 | Morgan Stanley | 5.597 | 03/24/51 | 1,253,428 | |||||||||||
1,425,000 | Morgan Stanley | 2.802 | 01/25/52 | 1,311,664 | |||||||||||
500,000 | NASDAQ, Inc | 0.445 | 12/21/22 | 500,316 | |||||||||||
250,000 | NASDAQ, Inc | 4.250 | 06/01/24 | 274,466 | |||||||||||
400,000 | NASDAQ, Inc | 3.850 | 06/30/26 | 441,546 | |||||||||||
1,000,000 | NASDAQ, Inc | 1.650 | 01/15/31 | 914,922 | |||||||||||
1,000,000 | NASDAQ, Inc | 2.500 | 12/21/40 | 878,755 | |||||||||||
500,000 | NASDAQ, Inc | 3.250 | 04/28/50 | 470,024 | |||||||||||
350,000 | National Rural Utilities Cooperative Finance Corp | 3.050 | 02/15/22 | 355,865 | |||||||||||
500,000 | National Rural Utilities Cooperative Finance Corp | 2.400 | 04/25/22 | 509,652 | |||||||||||
500,000 | National Rural Utilities Cooperative Finance Corp | 2.300 | 09/15/22 | 512,051 | |||||||||||
200,000 | National Rural Utilities Cooperative Finance Corp | 2.700 | 02/15/23 | 208,151 | |||||||||||
200,000 | National Rural Utilities Cooperative Finance Corp | 3.400 | 11/15/23 | 213,061 | |||||||||||
300,000 | National Rural Utilities Cooperative Finance Corp | 2.950 | 02/07/24 | 317,660 | |||||||||||
1,000,000 | National Rural Utilities Cooperative Finance Corp | 0.350 | 02/08/24 | 993,737 | |||||||||||
400,000 | National Rural Utilities Cooperative Finance Corp | 2.850 | 01/27/25 | 423,067 | |||||||||||
200,000 | National Rural Utilities Cooperative Finance Corp | 3.250 | 11/01/25 | 215,540 | |||||||||||
1,000,000 | National Rural Utilities Cooperative Finance Corp | 1.000 | 06/15/26 | 973,924 | |||||||||||
1,000,000 | National Rural Utilities Cooperative Finance Corp | 3.400 | 02/07/28 | 1,074,814 | |||||||||||
200,000 | National Rural Utilities Cooperative Finance Corp | 3.900 | 11/01/28 | 223,293 | |||||||||||
300,000 | National Rural Utilities Cooperative Finance Corp | 3.700 | 03/15/29 | 328,462 | |||||||||||
1,000,000 | e | National Rural Utilities Cooperative Finance Corp | 2.400 | 03/15/30 | 991,194 | ||||||||||
1,000,000 | National Rural Utilities Cooperative Finance Corp | 1.350 | 03/15/31 | 900,776 | |||||||||||
1,000,000 | National Rural Utilities Cooperative Finance Corp | 1.650 | 06/15/31 | 925,906 | |||||||||||
500,000 | National Rural Utilities Cooperative Finance Corp | 4.750 | 04/30/43 | 513,226 | |||||||||||
200,000 | National Rural Utilities Cooperative Finance Corp | 5.250 | 04/20/46 | 215,812 | |||||||||||
200,000 | National Rural Utilities Cooperative Finance Corp | 4.400 | 11/01/48 | 234,397 | |||||||||||
550,000 | National Rural Utilities Cooperative Finance Corp | 4.300 | 03/15/49 | 632,588 | |||||||||||
300,000 | Navient Solutions LLC | 0.000 | 10/03/22 | 293,522 | |||||||||||
1,500,000 | Nomura Holdings, Inc | 2.648 | 01/16/25 | 1,551,503 | |||||||||||
1,000,000 | Nomura Holdings, Inc | 1.851 | 07/16/25 | 997,887 | |||||||||||
1,500,000 | Nomura Holdings, Inc | 3.103 | 01/16/30 | 1,523,248 | |||||||||||
500,000 | Nomura Holdings, Inc | 2.679 | 07/16/30 | 490,959 | |||||||||||
350,000 | Northern Trust Corp | 2.375 | 08/02/22 | 359,601 | |||||||||||
625,000 | Northern Trust Corp | 3.950 | 10/30/25 | 697,193 | |||||||||||
500,000 | Northern Trust Corp | 3.650 | 08/03/28 | 554,208 | |||||||||||
500,000 | Northern Trust Corp | 3.150 | 05/03/29 | 535,847 | |||||||||||
700,000 | Northern Trust Corp | 1.950 | 05/01/30 | 682,872 | |||||||||||
100,000 | Northern Trust Corp | 3.375 | 05/08/32 | 107,275 | |||||||||||
1,200,000 | Oesterreichische Kontrollbank AG. | 1.625 | 09/17/22 | 1,224,425 | |||||||||||
750,000 | Oesterreichische Kontrollbank AG. | 2.875 | 03/13/23 | 788,078 | |||||||||||
1,350,000 | Oesterreichische Kontrollbank AG. | 3.125 | 11/07/23 | 1,444,591 | |||||||||||
1,500,000 | Oesterreichische Kontrollbank AG. | 1.500 | 02/12/25 | 1,544,405 | |||||||||||
2,000,000 | Oesterreichische Kontrollbank AG. | 0.375 | 09/17/25 | 1,949,830 | |||||||||||
2,500,000 | Oesterreichische Kontrollbank AG. | 0.500 | 02/02/26 | 2,435,887 | |||||||||||
475,000 | ORIX Corp | 2.900 | 07/18/22 | 489,413 | |||||||||||
500,000 | ORIX Corp | 4.050 | 01/16/24 | 544,145 | |||||||||||
500,000 | ORIX Corp | 3.250 | 12/04/24 | 539,975 | |||||||||||
200,000 | ORIX Corp | 3.700 | 07/18/27 | 222,027 | |||||||||||
1,000,000 | ORIX Corp | 2.250 | 03/09/31 | 966,167 | |||||||||||
500,000 | Owl Rock Capital Corp | 4.000 | 03/30/25 | 523,753 |
30 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 500,000 | Owl Rock Capital Corp | 3.750 | % | 07/22/25 | $ | 518,419 | ||||||||
1,000,000 | Owl Rock Capital Corp | 4.250 | 01/15/26 | 1,049,429 | |||||||||||
750,000 | Owl Rock Capital Corp | 3.400 | 07/15/26 | 759,659 | |||||||||||
750,000 | PACCAR Financial Corp | 2.650 | 05/10/22 | 769,507 | |||||||||||
200,000 | PACCAR Financial Corp | 2.000 | 09/26/22 | 204,810 | |||||||||||
500,000 | PACCAR Financial Corp | 2.650 | 04/06/23 | 523,632 | |||||||||||
500,000 | PACCAR Financial Corp | 0.800 | 06/08/23 | 504,719 | |||||||||||
200,000 | PACCAR Financial Corp | 3.400 | 08/09/23 | 212,878 | |||||||||||
2,000,000 | PACCAR Financial Corp | 0.350 | 08/11/23 | 1,997,651 | |||||||||||
3,000,000 | PACCAR Financial Corp | 0.350 | 02/02/24 | 2,986,545 | |||||||||||
300,000 | PACCAR Financial Corp | 2.150 | 08/15/24 | 314,590 | |||||||||||
750,000 | PACCAR Financial Corp | 1.800 | 02/06/25 | 767,096 | |||||||||||
600,000 | Raymond James Financial, Inc | 3.625 | 09/15/26 | 665,591 | |||||||||||
425,000 | Raymond James Financial, Inc | 4.950 | 07/15/46 | 520,922 | |||||||||||
1,000,000 | h | Raymond James Financial, Inc | 3.750 | 04/01/51 | 1,034,727 | ||||||||||
300,000 | S&P Global, Inc | 4.000 | 06/15/25 | 332,904 | |||||||||||
500,000 | S&P Global, Inc | 2.500 | 12/01/29 | 512,157 | |||||||||||
500,000 | S&P Global, Inc | 1.250 | 08/15/30 | 457,779 | |||||||||||
500,000 | S&P Global, Inc | 3.250 | 12/01/49 | 511,799 | |||||||||||
500,000 | S&P Global, Inc | 2.300 | 08/15/60 | 406,253 | |||||||||||
3,125,000 | Shire Acquisitions Investments Ireland DAC | 2.875 | 09/23/23 | 3,283,626 | |||||||||||
1,400,000 | Shire Acquisitions Investments Ireland DAC | 3.200 | 09/23/26 | 1,508,301 | |||||||||||
1,500,000 | Sixth Street Specialty Lending, Inc | 2.500 | 08/01/26 | 1,487,577 | |||||||||||
500,000 | State Street Corp | 2.653 | 05/15/23 | 512,827 | |||||||||||
2,150,000 | State Street Corp | 3.100 | 05/15/23 | 2,267,567 | |||||||||||
300,000 | State Street Corp | 3.776 | 12/03/24 | 324,793 | |||||||||||
750,000 | State Street Corp | 3.300 | 12/16/24 | 817,822 | |||||||||||
375,000 | State Street Corp | 3.550 | 08/18/25 | 412,752 | |||||||||||
1,000,000 | State Street Corp | 2.354 | 11/01/25 | 1,051,820 | |||||||||||
500,000 | State Street Corp | 2.901 | 03/30/26 | 531,959 | |||||||||||
650,000 | State Street Corp | 2.650 | 05/19/26 | 691,629 | |||||||||||
300,000 | State Street Corp | 4.141 | 12/03/29 | 342,250 | |||||||||||
750,000 | State Street Corp | 2.400 | 01/24/30 | 763,032 | |||||||||||
1,375,000 | State Street Corp | 2.200 | 03/03/31 | 1,340,002 | |||||||||||
500,000 | State Street Corp | 3.031 | 11/01/34 | 515,786 | |||||||||||
100,000 | Stifel Financial Corp | 4.250 | 07/18/24 | 110,670 | |||||||||||
550,000 | Synchrony Financial | 2.850 | 07/25/22 | 564,796 | |||||||||||
500,000 | Synchrony Financial | 4.375 | 03/19/24 | 545,098 | |||||||||||
250,000 | Synchrony Financial | 4.250 | 08/15/24 | 271,952 | |||||||||||
600,000 | Synchrony Financial | 4.500 | 07/23/25 | 665,330 | |||||||||||
300,000 | Synchrony Financial | 3.700 | 08/04/26 | 322,813 | |||||||||||
900,000 | Synchrony Financial | 3.950 | 12/01/27 | 969,710 | |||||||||||
500,000 | Synchrony Financial | 5.150 | 03/19/29 | 576,635 | |||||||||||
425,000 | TD Ameritrade Holding Corp | 2.950 | 04/01/22 | 434,353 | |||||||||||
300,000 | TD Ameritrade Holding Corp | 3.750 | 04/01/24 | 325,780 | |||||||||||
350,000 | TD Ameritrade Holding Corp | 3.625 | 04/01/25 | 381,547 | |||||||||||
525,000 | TD Ameritrade Holding Corp | 3.300 | 04/01/27 | 570,218 | |||||||||||
500,000 | TD Ameritrade Holding Corp | 2.750 | 10/01/29 | 518,036 | |||||||||||
300,000 | Toyota Motor Credit Corp | 2.800 | 07/13/22 | 309,596 | |||||||||||
2,250,000 | Toyota Motor Credit Corp | 0.450 | 07/22/22 | 2,254,381 | |||||||||||
500,000 | Toyota Motor Credit Corp | 2.150 | 09/08/22 | 512,970 | |||||||||||
1,000,000 | Toyota Motor Credit Corp | 0.350 | 10/14/22 | 1,000,337 | |||||||||||
500,000 | Toyota Motor Credit Corp | 2.700 | 01/11/23 | 520,197 |
31 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 1,000,000 | Toyota Motor Credit Corp | 0.500 | % | 08/14/23 | $ | 1,000,448 | ||||||||
500,000 | Toyota Motor Credit Corp | 3.450 | 09/20/23 | 535,709 | |||||||||||
400,000 | Toyota Motor Credit Corp | 3.350 | 01/08/24 | 431,278 | |||||||||||
1,000,000 | Toyota Motor Credit Corp | 0.450 | 01/11/24 | 997,260 | |||||||||||
1,000,000 | Toyota Motor Credit Corp | 2.000 | 10/07/24 | 1,041,895 | |||||||||||
3,000,000 | Toyota Motor Credit Corp | 1.800 | 02/13/25 | 3,082,247 | |||||||||||
1,500,000 | Toyota Motor Credit Corp | 3.400 | 04/14/25 | 1,633,395 | |||||||||||
1,000,000 | Toyota Motor Credit Corp | 0.800 | 10/16/25 | 982,580 | |||||||||||
1,000,000 | e | Toyota Motor Credit Corp | 0.800 | 01/09/26 | 982,082 | ||||||||||
1,000,000 | Toyota Motor Credit Corp | 1.150 | 08/13/27 | 968,770 | |||||||||||
300,000 | Toyota Motor Credit Corp | 3.050 | 01/11/28 | 320,991 | |||||||||||
400,000 | Toyota Motor Credit Corp | 3.650 | 01/08/29 | 443,820 | |||||||||||
650,000 | Toyota Motor Credit Corp | 2.150 | 02/13/30 | 645,565 | |||||||||||
225,000 | Toyota Motor Credit Corp | 3.375 | 04/01/30 | 244,220 | |||||||||||
1,000,000 | Toyota Motor Credit Corp | 1.650 | 01/10/31 | 943,413 | |||||||||||
625,000 | Unilever Capital Corp | 2.200 | 05/05/22 | 637,112 | |||||||||||
500,000 | Unilever Capital Corp | 3.125 | 03/22/23 | 527,249 | |||||||||||
750,000 | Unilever Capital Corp | 0.375 | 09/14/23 | 752,282 | |||||||||||
300,000 | Unilever Capital Corp | 3.250 | 03/07/24 | 322,516 | |||||||||||
1,100,000 | Unilever Capital Corp | 2.600 | 05/05/24 | 1,164,163 | |||||||||||
500,000 | Unilever Capital Corp | 3.375 | 03/22/25 | 543,836 | |||||||||||
450,000 | Unilever Capital Corp | 3.100 | 07/30/25 | 486,453 | |||||||||||
225,000 | Unilever Capital Corp | 2.000 | 07/28/26 | 232,665 | |||||||||||
800,000 | Unilever Capital Corp | 2.900 | 05/05/27 | 859,090 | |||||||||||
1,150,000 | Unilever Capital Corp | 3.500 | 03/22/28 | 1,265,803 | |||||||||||
1,000,000 | Unilever Capital Corp | 2.125 | 09/06/29 | 998,587 | |||||||||||
175,000 | Unilever Capital Corp | 1.375 | 09/14/30 | 164,244 | |||||||||||
430,000 | Unilever Capital Corp | 5.900 | 11/15/32 | 580,391 | |||||||||||
200,000 | Voya Financial, Inc | 3.125 | 07/15/24 | 213,732 | |||||||||||
550,000 | Voya Financial, Inc | 3.650 | 06/15/26 | 608,761 | |||||||||||
200,000 | Voya Financial, Inc | 5.700 | 07/15/43 | 258,657 | |||||||||||
200,000 | Voya Financial, Inc | 4.800 | 06/15/46 | 236,145 | |||||||||||
TOTAL DIVERSIFIED FINANCIALS | 512,810,742 | ||||||||||||||
ENERGY - 2.0% | |||||||||||||||
925,000 | Baker Hughes a GE Co LLC | 2.773 | 12/15/22 | 959,314 | |||||||||||
875,000 | Baker Hughes a GE Co LLC | 3.337 | 12/15/27 | 936,903 | |||||||||||
1,000,000 | Baker Hughes a GE Co LLC | 3.138 | 11/07/29 | 1,046,320 | |||||||||||
500,000 | Baker Hughes a GE Co LLC | 4.486 | 05/01/30 | 569,594 | |||||||||||
800,000 | Baker Hughes a GE Co LLC | 5.125 | 09/15/40 | 974,857 | |||||||||||
875,000 | Baker Hughes a GE Co LLC | 4.080 | 12/15/47 | 932,739 | |||||||||||
200,000 | Boardwalk Pipelines LP | 3.375 | 02/01/23 | 206,847 | |||||||||||
475,000 | Boardwalk Pipelines LP | 5.950 | 06/01/26 | 551,018 | |||||||||||
450,000 | Boardwalk Pipelines LP | 4.450 | 07/15/27 | 497,903 | |||||||||||
500,000 | Boardwalk Pipelines LP | 4.800 | 05/03/29 | 552,722 | |||||||||||
1,000,000 | Boardwalk Pipelines LP | 3.400 | 02/15/31 | 999,205 | |||||||||||
1,525,000 | BP Capital Markets America, Inc | 3.245 | 05/06/22 | 1,573,515 | |||||||||||
175,000 | BP Capital Markets America, Inc | 2.520 | 09/19/22 | 179,955 | |||||||||||
1,000,000 | BP Capital Markets America, Inc | 2.937 | 04/06/23 | 1,050,349 | |||||||||||
550,000 | BP Capital Markets America, Inc | 2.750 | 05/10/23 | 576,327 | |||||||||||
800,000 | BP Capital Markets America, Inc | 3.790 | 02/06/24 | 867,842 | |||||||||||
2,025,000 | BP Capital Markets America, Inc | 3.224 | 04/14/24 | 2,173,777 | |||||||||||
1,000,000 | BP Capital Markets America, Inc | 3.194 | 04/06/25 | 1,076,053 | |||||||||||
700,000 | BP Capital Markets America, Inc | 3.796 | 09/21/25 | 771,268 |
32 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 1,800,000 | BP Capital Markets America, Inc | 3.410 | % | 02/11/26 | $ | 1,957,016 | ||||||||
150,000 | BP Capital Markets America, Inc | 3.119 | 05/04/26 | 161,394 | |||||||||||
200,000 | BP Capital Markets America, Inc | 3.017 | 01/16/27 | 213,761 | |||||||||||
500,000 | BP Capital Markets America, Inc | 3.588 | 04/14/27 | 548,078 | |||||||||||
750,000 | BP Capital Markets America, Inc | 3.937 | 09/21/28 | 834,232 | |||||||||||
1,300,000 | BP Capital Markets America, Inc | 4.234 | 11/06/28 | 1,474,847 | |||||||||||
1,000,000 | BP Capital Markets America, Inc | 1.749 | 08/10/30 | 944,575 | |||||||||||
2,000,000 | BP Capital Markets America, Inc | 3.000 | 02/24/50 | 1,833,172 | |||||||||||
950,000 | BP Capital Markets America, Inc | 2.772 | 11/10/50 | 828,425 | |||||||||||
2,500,000 | BP Capital Markets America, Inc | 2.939 | 06/04/51 | 2,229,712 | |||||||||||
1,000,000 | BP Capital Markets America, Inc | 3.379 | 02/08/61 | 926,836 | |||||||||||
1,225,000 | BP Capital Markets plc | 2.500 | 11/06/22 | 1,265,909 | |||||||||||
700,000 | BP Capital Markets plc | 3.994 | 09/26/23 | 761,185 | |||||||||||
925,000 | BP Capital Markets plc | 3.814 | 02/10/24 | 1,008,244 | |||||||||||
675,000 | BP Capital Markets plc | 3.535 | 11/04/24 | 737,088 | |||||||||||
675,000 | BP Capital Markets plc | 3.506 | 03/17/25 | 735,741 | |||||||||||
925,000 | BP Capital Markets plc | 3.279 | 09/19/27 | 999,032 | |||||||||||
300,000 | BP Capital Markets plc | 3.723 | 11/28/28 | 330,359 | |||||||||||
575,000 | Burlington Resources Finance Co | 7.200 | 08/15/31 | 806,414 | |||||||||||
200,000 | Burlington Resources Finance Co | 7.400 | 12/01/31 | 282,947 | |||||||||||
600,000 | Canadian Natural Resources Ltd | 2.950 | 01/15/23 | 622,694 | |||||||||||
600,000 | Canadian Natural Resources Ltd | 3.800 | 04/15/24 | 642,144 | |||||||||||
700,000 | Canadian Natural Resources Ltd | 3.900 | 02/01/25 | 755,337 | |||||||||||
750,000 | Canadian Natural Resources Ltd | 2.050 | 07/15/25 | 758,393 | |||||||||||
1,125,000 | Canadian Natural Resources Ltd | 3.850 | 06/01/27 | 1,217,318 | |||||||||||
750,000 | Canadian Natural Resources Ltd | 2.950 | 07/15/30 | 748,060 | |||||||||||
1,625,000 | Canadian Natural Resources Ltd | 6.250 | 03/15/38 | 2,061,378 | |||||||||||
800,000 | Canadian Natural Resources Ltd | 4.950 | 06/01/47 | 927,231 | |||||||||||
400,000 | Chevron Corp | 2.411 | 03/03/22 | 406,513 | |||||||||||
1,050,000 | Chevron Corp | 2.355 | 12/05/22 | 1,080,629 | |||||||||||
750,000 | Chevron Corp | 1.141 | 05/11/23 | 763,019 | |||||||||||
500,000 | Chevron Corp | 2.566 | 05/16/23 | 521,973 | |||||||||||
400,000 | Chevron Corp | 3.191 | 06/24/23 | 421,622 | |||||||||||
425,000 | Chevron Corp | 2.895 | 03/03/24 | 453,030 | |||||||||||
750,000 | Chevron Corp | 1.554 | 05/11/25 | 765,303 | |||||||||||
400,000 | Chevron Corp | 3.326 | 11/17/25 | 436,514 | |||||||||||
2,475,000 | Chevron Corp | 2.954 | 05/16/26 | 2,654,117 | |||||||||||
225,000 | Chevron Corp | 1.995 | 05/11/27 | 230,038 | |||||||||||
600,000 | Chevron Corp | 2.236 | 05/11/30 | 596,986 | |||||||||||
375,000 | Chevron Corp | 2.978 | 05/11/40 | 371,318 | |||||||||||
1,000,000 | Chevron Corp | 3.078 | 05/11/50 | 955,946 | |||||||||||
500,000 | Cimarex Energy Co | 4.375 | 06/01/24 | 543,785 | |||||||||||
525,000 | Cimarex Energy Co | 3.900 | 05/15/27 | 571,533 | |||||||||||
300,000 | Cimarex Energy Co | 4.375 | 03/15/29 | 332,030 | |||||||||||
775,000 | Columbia Pipeline Group, Inc | 4.500 | 06/01/25 | 867,764 | |||||||||||
300,000 | Columbia Pipeline Group, Inc | 5.800 | 06/01/45 | 370,404 | |||||||||||
825,000 | g | ConocoPhillips | 3.750 | 10/01/27 | 911,590 | ||||||||||
950,000 | g | ConocoPhillips | 4.300 | 08/15/28 | 1,076,890 | ||||||||||
125,000 | g | ConocoPhillips | 2.400 | 02/15/31 | 123,338 | ||||||||||
400,000 | g | ConocoPhillips | 4.875 | 10/01/47 | 485,964 | ||||||||||
700,000 | g | ConocoPhillips | 4.850 | 08/15/48 | 849,348 | ||||||||||
2,800,000 | ConocoPhillips Co | 4.950 | 03/15/26 | 3,249,101 | |||||||||||
77,000 | ConocoPhillips Co | 4.150 | 11/15/34 | 85,562 |
33 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 250,000 | ConocoPhillips Co | 5.900 | % | 05/15/38 | $ | 336,232 | ||||||||
1,585,000 | ConocoPhillips Co | 6.500 | 02/01/39 | 2,262,249 | |||||||||||
300,000 | ConocoPhillips Co | 4.300 | 11/15/44 | 341,705 | |||||||||||
1,650,000 | ConocoPhillips Co | 5.950 | 03/15/46 | 2,254,864 | |||||||||||
925,000 | ConocoPhillips Holding Co | 6.950 | 04/15/29 | 1,230,663 | |||||||||||
885,000 | Devon Energy Corp | 5.600 | 07/15/41 | 1,021,006 | |||||||||||
700,000 | Devon Energy Corp | 4.750 | 05/15/42 | 742,637 | |||||||||||
1,100,000 | Devon Energy Corp | 5.000 | 06/15/45 | 1,202,036 | |||||||||||
600,000 | Diamondback Energy, Inc | 2.875 | 12/01/24 | 632,724 | |||||||||||
750,000 | Diamondback Energy, Inc | 4.750 | 05/31/25 | 838,110 | |||||||||||
425,000 | Diamondback Energy, Inc | 3.250 | 12/01/26 | 447,920 | |||||||||||
1,000,000 | Diamondback Energy, Inc | 3.500 | 12/01/29 | 1,037,849 | |||||||||||
650,000 | Diamondback Energy, Inc | 3.125 | 03/24/31 | 648,925 | |||||||||||
1,000,000 | Diamondback Energy, Inc | 4.400 | 03/24/51 | 1,024,468 | |||||||||||
725,000 | Ecopetrol S.A. | 5.875 | 09/18/23 | 800,762 | |||||||||||
1,000,000 | Ecopetrol S.A. | 4.125 | 01/16/25 | 1,067,400 | |||||||||||
975,000 | Ecopetrol S.A. | 5.375 | 06/26/26 | 1,093,346 | |||||||||||
1,550,000 | Ecopetrol S.A. | 6.875 | 04/29/30 | 1,886,970 | |||||||||||
200,000 | Ecopetrol S.A. | 7.375 | 09/18/43 | 244,618 | |||||||||||
1,725,000 | Ecopetrol S.A. | 5.875 | 05/28/45 | 1,840,575 | |||||||||||
300,000 | El Paso Corp | 7.750 | 01/15/32 | 421,525 | |||||||||||
300,000 | Enable Midstream Partners LP | 3.900 | 05/15/24 | 319,591 | |||||||||||
200,000 | Enable Midstream Partners LP | 4.400 | 03/15/27 | 216,179 | |||||||||||
1,250,000 | Enable Midstream Partners LP | 4.950 | 05/15/28 | 1,377,955 | |||||||||||
500,000 | Enable Midstream Partners LP | 4.150 | 09/15/29 | 519,938 | |||||||||||
100,000 | Enable Midstream Partners LP | 5.000 | 05/15/44 | 98,312 | |||||||||||
1,200,000 | Enbridge Energy Partners LP | 5.875 | 10/15/25 | 1,413,598 | |||||||||||
300,000 | Enbridge Energy Partners LP | 5.500 | 09/15/40 | 354,002 | |||||||||||
200,000 | Enbridge Energy Partners LP | 7.375 | 10/15/45 | 282,957 | |||||||||||
800,000 | Enbridge, Inc | 2.900 | 07/15/22 | 822,671 | |||||||||||
300,000 | Enbridge, Inc | 4.000 | 10/01/23 | 321,631 | |||||||||||
250,000 | Enbridge, Inc | 2.500 | 01/15/25 | 260,560 | |||||||||||
100,000 | Enbridge, Inc | 4.250 | 12/01/26 | 111,491 | |||||||||||
100,000 | Enbridge, Inc | 3.700 | 07/15/27 | 108,753 | |||||||||||
500,000 | Enbridge, Inc | 3.125 | 11/15/29 | 519,914 | |||||||||||
300,000 | Enbridge, Inc | 4.500 | 06/10/44 | 324,593 | |||||||||||
925,000 | Enbridge, Inc | 5.500 | 12/01/46 | 1,136,816 | |||||||||||
1,000,000 | Enbridge, Inc | 4.000 | 11/15/49 | 1,003,316 | |||||||||||
500,000 | Enbridge, Inc | 6.250 | 03/01/78 | 523,451 | |||||||||||
450,000 | Energy Transfer Operating LP | 5.200 | 02/01/22 | 461,675 | |||||||||||
525,000 | Energy Transfer Operating LP | 3.600 | 02/01/23 | 546,739 | |||||||||||
200,000 | Energy Transfer Operating LP | 4.200 | 09/15/23 | 214,176 | |||||||||||
500,000 | Energy Transfer Operating LP | 4.900 | 02/01/24 | 545,632 | |||||||||||
2,775,000 | Energy Transfer Operating LP | 4.500 | 04/15/24 | 3,026,302 | |||||||||||
825,000 | Energy Transfer Operating LP | 4.050 | 03/15/25 | 891,407 | |||||||||||
400,000 | Energy Transfer Operating LP | 2.900 | 05/15/25 | 416,247 | |||||||||||
325,000 | Energy Transfer Operating LP | 4.750 | 01/15/26 | 360,863 | |||||||||||
250,000 | Energy Transfer Operating LP | 4.200 | 04/15/27 | 272,443 | |||||||||||
350,000 | Energy Transfer Operating LP | 4.950 | 06/15/28 | 391,671 | |||||||||||
2,600,000 | Energy Transfer Operating LP | 5.250 | 04/15/29 | 2,959,546 | |||||||||||
625,000 | Energy Transfer Operating LP | 3.750 | 05/15/30 | 644,355 | |||||||||||
400,000 | Energy Transfer Operating LP | 4.900 | 03/15/35 | 421,757 | |||||||||||
500,000 | Energy Transfer Operating LP | 5.800 | 06/15/38 | 567,033 | |||||||||||
140,000 | Energy Transfer Operating LP | 7.500 | 07/01/38 | 184,772 |
34 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 650,000 | Energy Transfer Operating LP | 6.500 | % | 02/01/42 | $ | 775,148 | ||||||||
200,000 | Energy Transfer Operating LP | 5.150 | 02/01/43 | 204,301 | |||||||||||
200,000 | Energy Transfer Operating LP | 5.950 | 10/01/43 | 222,343 | |||||||||||
550,000 | Energy Transfer Operating LP | 5.150 | 03/15/45 | 567,390 | |||||||||||
625,000 | Energy Transfer Operating LP | 6.125 | 12/15/45 | 718,963 | |||||||||||
500,000 | Energy Transfer Operating LP | 5.300 | 04/15/47 | 527,693 | |||||||||||
1,025,000 | Energy Transfer Operating LP | 6.000 | 06/15/48 | 1,179,085 | |||||||||||
2,750,000 | Energy Transfer Operating LP | 6.250 | 04/15/49 | 3,227,970 | |||||||||||
2,175,000 | Energy Transfer Operating LP | 5.000 | 05/15/50 | 2,249,481 | |||||||||||
400,000 | Enterprise Products Operating LLC | 4.050 | 02/15/22 | 412,684 | |||||||||||
250,000 | Enterprise Products Operating LLC | 3.350 | 03/15/23 | 262,072 | |||||||||||
950,000 | Enterprise Products Operating LLC | 3.900 | 02/15/24 | 1,029,402 | |||||||||||
225,000 | Enterprise Products Operating LLC | 3.750 | 02/15/25 | 246,562 | |||||||||||
450,000 | Enterprise Products Operating LLC | 3.700 | 02/15/26 | 493,770 | |||||||||||
3,065,000 | Enterprise Products Operating LLC | 3.950 | 02/15/27 | 3,406,050 | |||||||||||
725,000 | Enterprise Products Operating LLC | 4.150 | 10/16/28 | 816,866 | |||||||||||
450,000 | Enterprise Products Operating LLC | 3.125 | 07/31/29 | 474,553 | |||||||||||
250,000 | Enterprise Products Operating LLC | 2.800 | 01/31/30 | 258,118 | |||||||||||
480,000 | Enterprise Products Operating LLC | 6.125 | 10/15/39 | 628,058 | |||||||||||
175,000 | Enterprise Products Operating LLC | 5.950 | 02/01/41 | 224,083 | |||||||||||
525,000 | Enterprise Products Operating LLC | 4.850 | 08/15/42 | �� | 602,171 | ||||||||||
325,000 | Enterprise Products Operating LLC | 4.450 | 02/15/43 | 353,685 | |||||||||||
1,775,000 | Enterprise Products Operating LLC | 4.850 | 03/15/44 | 2,043,637 | |||||||||||
775,000 | Enterprise Products Operating LLC | 5.100 | 02/15/45 | 918,141 | |||||||||||
500,000 | Enterprise Products Operating LLC | 4.900 | 05/15/46 | 579,741 | |||||||||||
675,000 | Enterprise Products Operating LLC | 4.250 | 02/15/48 | 716,970 | |||||||||||
2,475,000 | Enterprise Products Operating LLC | 4.800 | 02/01/49 | 2,837,521 | |||||||||||
950,000 | Enterprise Products Operating LLC | 4.200 | 01/31/50 | 1,011,431 | |||||||||||
775,000 | Enterprise Products Operating LLC | 3.700 | 01/31/51 | 762,988 | |||||||||||
1,000,000 | Enterprise Products Operating LLC | 3.200 | 02/15/52 | 912,192 | |||||||||||
200,000 | Enterprise Products Operating LLC | 4.950 | 10/15/54 | 230,135 | |||||||||||
1,625,000 | Enterprise Products Operating LLC | 3.950 | 01/31/60 | 1,628,010 | |||||||||||
200,000 | Enterprise Products Operating LLC | 4.875 | 08/16/77 | 188,083 | |||||||||||
700,000 | Enterprise Products Operating LLC | 5.250 | 08/16/77 | 698,050 | |||||||||||
400,000 | Enterprise Products Operating LLC | 5.375 | 02/15/78 | 400,937 | |||||||||||
1,025,000 | EOG Resources, Inc | 2.625 | 03/15/23 | 1,064,037 | |||||||||||
475,000 | EOG Resources, Inc | 4.150 | 01/15/26 | 533,480 | |||||||||||
500,000 | EOG Resources, Inc | 4.375 | 04/15/30 | 574,008 | |||||||||||
200,000 | EOG Resources, Inc | 3.900 | 04/01/35 | 216,029 | |||||||||||
200,000 | EOG Resources, Inc | 5.100 | 01/15/36 | 236,823 | |||||||||||
500,000 | EOG Resources, Inc | 4.950 | 04/15/50 | 609,932 | |||||||||||
925,000 | Equinor ASA | 2.450 | 01/17/23 | 959,519 | |||||||||||
475,000 | Equinor ASA | 2.650 | 01/15/24 | 500,230 | |||||||||||
450,000 | Equinor ASA | 3.700 | 03/01/24 | 489,098 | |||||||||||
500,000 | Equinor ASA | 3.250 | 11/10/24 | 541,262 | |||||||||||
500,000 | Equinor ASA | 2.875 | 04/06/25 | 533,886 | |||||||||||
400,000 | Equinor ASA | 1.750 | 01/22/26 | 409,373 | |||||||||||
500,000 | Equinor ASA | 3.000 | 04/06/27 | 535,455 | |||||||||||
1,500,000 | Equinor ASA | 3.625 | 09/10/28 | 1,645,827 | |||||||||||
300,000 | Equinor ASA | 3.125 | 04/06/30 | 317,219 | |||||||||||
1,175,000 | Equinor ASA | 2.375 | 05/22/30 | 1,172,129 | |||||||||||
300,000 | Equinor ASA | 3.625 | 04/06/40 | 319,219 | |||||||||||
200,000 | Equinor ASA | 5.100 | 08/17/40 | 251,955 |
35 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 400,000 | Equinor ASA | 4.250 | % | 11/23/41 | $ | 450,710 | ||||||||
300,000 | Equinor ASA | 3.950 | 05/15/43 | 324,671 | |||||||||||
1,300,000 | Equinor ASA | 4.800 | 11/08/43 | 1,550,726 | |||||||||||
750,000 | Equinor ASA | 3.250 | 11/18/49 | 734,367 | |||||||||||
1,300,000 | Equinor ASA | 3.700 | 04/06/50 | 1,380,576 | |||||||||||
675,000 | Exxon Mobil Corp | 2.397 | 03/06/22 | 686,144 | |||||||||||
350,000 | Exxon Mobil Corp | 1.902 | 08/16/22 | 357,804 | |||||||||||
1,350,000 | Exxon Mobil Corp | 2.726 | 03/01/23 | 1,405,463 | |||||||||||
750,000 | Exxon Mobil Corp | 1.571 | 04/15/23 | 768,382 | |||||||||||
175,000 | Exxon Mobil Corp | 3.176 | 03/15/24 | 187,323 | |||||||||||
1,000,000 | Exxon Mobil Corp | 2.019 | 08/16/24 | 1,041,096 | |||||||||||
850,000 | Exxon Mobil Corp | 2.709 | 03/06/25 | 899,646 | |||||||||||
1,500,000 | Exxon Mobil Corp | 2.992 | 03/19/25 | 1,607,375 | |||||||||||
4,177,000 | e | Exxon Mobil Corp | 3.043 | 03/01/26 | 4,507,173 | ||||||||||
1,000,000 | Exxon Mobil Corp | 2.275 | 08/16/26 | 1,042,345 | |||||||||||
750,000 | Exxon Mobil Corp | 3.294 | 03/19/27 | 822,104 | |||||||||||
1,000,000 | Exxon Mobil Corp | 2.440 | 08/16/29 | 1,014,604 | |||||||||||
750,000 | Exxon Mobil Corp | 3.482 | 03/19/30 | 814,328 | |||||||||||
750,000 | Exxon Mobil Corp | 2.610 | 10/15/30 | 764,285 | |||||||||||
1,000,000 | Exxon Mobil Corp | 2.995 | 08/16/39 | 973,395 | |||||||||||
1,750,000 | Exxon Mobil Corp | 4.227 | 03/19/40 | 1,968,751 | |||||||||||
500,000 | Exxon Mobil Corp | 3.567 | 03/06/45 | 511,655 | |||||||||||
1,225,000 | Exxon Mobil Corp | 4.114 | 03/01/46 | 1,346,119 | |||||||||||
1,400,000 | Exxon Mobil Corp | 3.095 | 08/16/49 | 1,327,467 | |||||||||||
2,100,000 | Exxon Mobil Corp | 4.327 | 03/19/50 | 2,410,365 | |||||||||||
2,800,000 | Exxon Mobil Corp | 3.452 | 04/15/51 | 2,827,585 | |||||||||||
200,000 | Gulf South Pipeline Co LP | 4.000 | 06/15/22 | 204,567 | |||||||||||
7,000 | Halliburton Co | 3.500 | 08/01/23 | 7,416 | |||||||||||
187,000 | Halliburton Co | 3.800 | 11/15/25 | 205,653 | |||||||||||
1,000,000 | Halliburton Co | 2.920 | 03/01/30 | 998,028 | |||||||||||
500,000 | Halliburton Co | 4.850 | 11/15/35 | 561,904 | |||||||||||
125,000 | Halliburton Co | 6.700 | 09/15/38 | 162,860 | |||||||||||
125,000 | Halliburton Co | 7.450 | 09/15/39 | 174,814 | |||||||||||
750,000 | Halliburton Co | 4.750 | 08/01/43 | 797,455 | |||||||||||
2,825,000 | Halliburton Co | 5.000 | 11/15/45 | 3,149,461 | |||||||||||
200,000 | Helmerich & Payne, Inc | 4.650 | 03/15/25 | 218,745 | |||||||||||
200,000 | Hess Corp | 3.500 | 07/15/24 | 211,004 | |||||||||||
2,100,000 | Hess Corp | 4.300 | 04/01/27 | 2,288,665 | |||||||||||
200,000 | Hess Corp | 6.000 | 01/15/40 | 239,108 | |||||||||||
1,190,000 | Hess Corp | 5.600 | 02/15/41 | 1,372,781 | |||||||||||
900,000 | Hess Corp | 5.800 | 04/01/47 | 1,073,186 | |||||||||||
500,000 | HollyFrontier Corp | 2.625 | 10/01/23 | 515,197 | |||||||||||
200,000 | HollyFrontier Corp | 5.875 | 04/01/26 | 226,699 | |||||||||||
500,000 | HollyFrontier Corp | 4.500 | 10/01/30 | 517,166 | |||||||||||
500,000 | Husky Energy, Inc | 4.000 | 04/15/24 | 533,609 | |||||||||||
825,000 | Husky Energy, Inc | 4.400 | 04/15/29 | 880,705 | |||||||||||
130,000 | Husky Energy, Inc | 6.800 | 09/15/37 | 157,414 | |||||||||||
525,000 | Kinder Morgan Energy Partners LP | 3.950 | 09/01/22 | 546,069 | |||||||||||
300,000 | Kinder Morgan Energy Partners LP | 4.150 | 02/01/24 | 325,850 | |||||||||||
500,000 | Kinder Morgan Energy Partners LP | 4.250 | 09/01/24 | 550,766 | |||||||||||
300,000 | Kinder Morgan Energy Partners LP | 6.950 | 01/15/38 | 402,491 | |||||||||||
535,000 | Kinder Morgan Energy Partners LP | 6.500 | 09/01/39 | 692,648 | |||||||||||
400,000 | Kinder Morgan Energy Partners LP | 4.700 | 11/01/42 | 430,464 | |||||||||||
500,000 | Kinder Morgan Energy Partners LP | 5.000 | 03/01/43 | 563,500 |
36 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 400,000 | Kinder Morgan Energy Partners LP | 5.500 | % | 03/01/44 | $ | 467,990 | ||||||||
200,000 | Kinder Morgan Energy Partners LP | 5.400 | 09/01/44 | 234,390 | |||||||||||
2,525,000 | Kinder Morgan, Inc | 4.300 | 06/01/25 | 2,819,709 | |||||||||||
2,825,000 | Kinder Morgan, Inc | 4.300 | 03/01/28 | 3,158,565 | |||||||||||
450,000 | Kinder Morgan, Inc | 2.000 | 02/15/31 | 418,805 | |||||||||||
3,300,000 | Kinder Morgan, Inc | 5.300 | 12/01/34 | 3,897,282 | |||||||||||
1,600,000 | Kinder Morgan, Inc | 5.550 | 06/01/45 | 1,913,300 | |||||||||||
2,325,000 | Kinder Morgan, Inc | 5.200 | 03/01/48 | 2,655,113 | |||||||||||
500,000 | Kinder Morgan, Inc | 3.250 | 08/01/50 | 437,181 | |||||||||||
2,000,000 | Kinder Morgan, Inc | 3.600 | 02/15/51 | 1,863,508 | |||||||||||
900,000 | Magellan Midstream Partners LP | 5.000 | 03/01/26 | 1,031,625 | |||||||||||
475,000 | Magellan Midstream Partners LP | 3.250 | 06/01/30 | 497,279 | |||||||||||
225,000 | Magellan Midstream Partners LP | 4.250 | 09/15/46 | 228,983 | |||||||||||
425,000 | Magellan Midstream Partners LP | 4.200 | 10/03/47 | 423,781 | |||||||||||
525,000 | Magellan Midstream Partners LP | 4.850 | 02/01/49 | 573,834 | |||||||||||
1,500,000 | Magellan Midstream Partners LP | 3.950 | 03/01/50 | 1,477,718 | |||||||||||
391,000 | Marathon Oil Corp | 2.800 | 11/01/22 | 401,053 | |||||||||||
300,000 | Marathon Oil Corp | 3.850 | 06/01/25 | 321,447 | |||||||||||
1,475,000 | Marathon Oil Corp | 4.400 | 07/15/27 | 1,623,708 | |||||||||||
505,000 | Marathon Oil Corp | 6.600 | 10/01/37 | 628,870 | |||||||||||
600,000 | Marathon Oil Corp | 5.200 | 06/01/45 | 654,488 | |||||||||||
500,000 | Marathon Petroleum Corp | 4.500 | 05/01/23 | 536,268 | |||||||||||
2,175,000 | Marathon Petroleum Corp | 3.625 | 09/15/24 | 2,350,807 | |||||||||||
500,000 | Marathon Petroleum Corp | 4.700 | 05/01/25 | 561,956 | |||||||||||
200,000 | Marathon Petroleum Corp | 3.800 | 04/01/28 | 216,139 | |||||||||||
800,000 | Marathon Petroleum Corp | 6.500 | 03/01/41 | 1,063,557 | |||||||||||
450,000 | Marathon Petroleum Corp | 4.750 | 09/15/44 | 499,115 | |||||||||||
250,000 | e | Marathon Petroleum Corp | 5.850 | 12/15/45 | 296,345 | ||||||||||
600,000 | Marathon Petroleum Corp | 4.500 | 04/01/48 | 635,137 | |||||||||||
200,000 | Marathon Petroleum Corp | 5.000 | 09/15/54 | 211,679 | |||||||||||
200,000 | MPLX LP | 3.500 | 12/01/22 | 208,694 | |||||||||||
175,000 | MPLX LP | 3.375 | 03/15/23 | 183,330 | |||||||||||
1,000,000 | MPLX LP | 4.875 | 12/01/24 | 1,122,407 | |||||||||||
2,500,000 | MPLX LP | 4.875 | 06/01/25 | 2,815,866 | |||||||||||
800,000 | MPLX LP | 1.750 | 03/01/26 | 801,222 | |||||||||||
100,000 | MPLX LP | 4.125 | 03/01/27 | 111,012 | |||||||||||
150,000 | MPLX LP | 4.250 | 12/01/27 | 168,626 | |||||||||||
475,000 | MPLX LP | 4.000 | 03/15/28 | 524,576 | |||||||||||
1,200,000 | MPLX LP | 4.800 | 02/15/29 | 1,376,023 | |||||||||||
1,125,000 | MPLX LP | 2.650 | 08/15/30 | 1,102,450 | |||||||||||
975,000 | MPLX LP | 4.500 | 04/15/38 | 1,065,135 | |||||||||||
375,000 | MPLX LP | 5.200 | 03/01/47 | 428,942 | |||||||||||
700,000 | MPLX LP | 5.200 | 12/01/47 | 792,590 | |||||||||||
825,000 | MPLX LP | 4.700 | 04/15/48 | 892,567 | |||||||||||
850,000 | MPLX LP | 5.500 | 02/15/49 | 998,599 | |||||||||||
1,600,000 | MPLX LP | 4.900 | 04/15/58 | 1,704,328 | |||||||||||
500,000 | National Oilwell Varco, Inc | 3.600 | 12/01/29 | 502,847 | |||||||||||
800,000 | National Oilwell Varco, Inc | 3.950 | 12/01/42 | 726,241 | |||||||||||
175,000 | ONEOK, Inc | 2.750 | 09/01/24 | 183,588 | |||||||||||
100,000 | ONEOK, Inc | 5.850 | 01/15/26 | 117,067 | |||||||||||
1,300,000 | ONEOK, Inc | 4.000 | 07/13/27 | 1,409,724 | |||||||||||
725,000 | ONEOK, Inc | 4.550 | 07/15/28 | 797,784 | |||||||||||
325,000 | ONEOK, Inc | 4.350 | 03/15/29 | 354,509 |
37 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 500,000 | ONEOK, Inc | 3.400 | % | 09/01/29 | $ | 514,462 | ||||||||
500,000 | ONEOK, Inc | 3.100 | 03/15/30 | 503,292 | |||||||||||
175,000 | ONEOK, Inc | 6.350 | 01/15/31 | 219,731 | |||||||||||
675,000 | ONEOK, Inc | 4.950 | 07/13/47 | 707,090 | |||||||||||
1,350,000 | ONEOK, Inc | 5.200 | 07/15/48 | 1,476,892 | |||||||||||
1,000,000 | ONEOK, Inc | 4.450 | 09/01/49 | 997,395 | |||||||||||
500,000 | ONEOK, Inc | 4.500 | 03/15/50 | 500,462 | |||||||||||
300,000 | ONEOK, Inc | 7.150 | 01/15/51 | 404,490 | |||||||||||
60,000 | Petroleos Mexicanos | 1.700 | 12/20/22 | 60,620 | |||||||||||
60,000 | Petroleos Mexicanos | 2.000 | 12/20/22 | 60,883 | |||||||||||
925,000 | Phillips 66 | 4.300 | 04/01/22 | 959,925 | |||||||||||
500,000 | Phillips 66 | 3.700 | 04/06/23 | 529,780 | |||||||||||
675,000 | Phillips 66 | 0.900 | 02/15/24 | 675,174 | |||||||||||
1,000,000 | Phillips 66 | 3.850 | 04/09/25 | 1,095,757 | |||||||||||
925,000 | Phillips 66 | 1.300 | 02/15/26 | 914,671 | |||||||||||
1,000,000 | Phillips 66 | 3.900 | 03/15/28 | 1,097,572 | |||||||||||
738,000 | Phillips 66 | 4.650 | 11/15/34 | 845,162 | |||||||||||
125,000 | Phillips 66 | 5.875 | 05/01/42 | 160,785 | |||||||||||
2,375,000 | Phillips 66 | 4.875 | 11/15/44 | 2,802,817 | |||||||||||
500,000 | Phillips 66 Partners LP | 2.450 | 12/15/24 | 520,109 | |||||||||||
100,000 | Phillips 66 Partners LP | 3.550 | 10/01/26 | 106,890 | |||||||||||
675,000 | Phillips 66 Partners LP | 3.750 | 03/01/28 | 722,692 | |||||||||||
500,000 | Phillips 66 Partners LP | 3.150 | 12/15/29 | 507,180 | |||||||||||
425,000 | Phillips 66 Partners LP | 4.680 | 02/15/45 | 441,302 | |||||||||||
350,000 | Phillips 66 Partners LP | 4.900 | 10/01/46 | 384,309 | |||||||||||
1,000,000 | Pioneer Natural Resources Co | 0.750 | 01/15/24 | 996,472 | |||||||||||
2,000,000 | Pioneer Natural Resources Co | 1.125 | 01/15/26 | 1,963,543 | |||||||||||
200,000 | Pioneer Natural Resources Co | 4.450 | 01/15/26 | 225,120 | |||||||||||
1,500,000 | Pioneer Natural Resources Co | 1.900 | 08/15/30 | 1,392,095 | |||||||||||
750,000 | Pioneer Natural Resources Co | 2.150 | 01/15/31 | 709,062 | |||||||||||
200,000 | Plains All American Pipeline LP | 2.850 | 01/31/23 | 204,889 | |||||||||||
400,000 | Plains All American Pipeline LP | 3.850 | 10/15/23 | 423,157 | |||||||||||
575,000 | Plains All American Pipeline LP | 3.600 | 11/01/24 | 611,812 | |||||||||||
1,025,000 | Plains All American Pipeline LP | 4.650 | 10/15/25 | 1,123,112 | |||||||||||
2,075,000 | Plains All American Pipeline LP | 4.500 | 12/15/26 | 2,276,790 | |||||||||||
1,450,000 | Plains All American Pipeline LP | 3.550 | 12/15/29 | 1,445,735 | |||||||||||
1,000,000 | Plains All American Pipeline LP | 3.800 | 09/15/30 | 1,018,426 | |||||||||||
100,000 | Plains All American Pipeline LP | 6.650 | 01/15/37 | 116,972 | |||||||||||
250,000 | Plains All American Pipeline LP | 5.150 | 06/01/42 | 253,568 | |||||||||||
300,000 | Plains All American Pipeline LP | 4.700 | 06/15/44 | 285,437 | |||||||||||
300,000 | Plains All American Pipeline LP | 4.900 | 02/15/45 | 293,421 | |||||||||||
375,000 | Regency Energy Partners LP | 5.875 | 03/01/22 | 387,666 | |||||||||||
175,000 | Sabine Pass Liquefaction LLC | 6.250 | 03/15/22 | 181,747 | |||||||||||
675,000 | Sabine Pass Liquefaction LLC | 5.625 | 04/15/23 | 731,992 | |||||||||||
690,000 | Sabine Pass Liquefaction LLC | 5.750 | 05/15/24 | 778,560 | |||||||||||
1,775,000 | Sabine Pass Liquefaction LLC | 5.625 | 03/01/25 | 2,029,570 | |||||||||||
275,000 | Sabine Pass Liquefaction LLC | 5.875 | 06/30/26 | 322,154 | |||||||||||
2,675,000 | Sabine Pass Liquefaction LLC | 5.000 | 03/15/27 | 3,044,811 | |||||||||||
550,000 | Sabine Pass Liquefaction LLC | 4.200 | 03/15/28 | 603,393 | |||||||||||
1,500,000 | Sabine Pass Liquefaction LLC | 4.500 | 05/15/30 | 1,683,282 | |||||||||||
1,000,000 | Schlumberger Investment S.A. | 3.650 | 12/01/23 | 1,073,463 | |||||||||||
1,500,000 | Schlumberger Investment S.A. | 2.650 | 06/26/30 | 1,510,258 | |||||||||||
575,000 | Shell International Finance BV | 2.375 | 08/21/22 | 591,275 | |||||||||||
500,000 | Shell International Finance BV | 2.250 | 01/06/23 | 516,888 |
38 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 350,000 | Shell International Finance BV | 3.400 | % | 08/12/23 | $ | 375,206 | ||||||||
1,000,000 | Shell International Finance BV | 0.375 | 09/15/23 | 1,001,169 | |||||||||||
500,000 | Shell International Finance BV | 2.375 | 04/06/25 | 527,028 | |||||||||||
5,075,000 | Shell International Finance BV | 3.250 | 05/11/25 | 5,482,544 | |||||||||||
2,075,000 | Shell International Finance BV | 2.875 | 05/10/26 | 2,213,448 | |||||||||||
925,000 | Shell International Finance BV | 2.500 | 09/12/26 | 971,566 | |||||||||||
1,225,000 | Shell International Finance BV | 3.875 | 11/13/28 | 1,367,392 | |||||||||||
3,000,000 | Shell International Finance BV | 2.375 | 11/07/29 | 3,027,454 | |||||||||||
1,500,000 | Shell International Finance BV | 2.750 | 04/06/30 | 1,549,120 | |||||||||||
500,000 | Shell International Finance BV | 4.125 | 05/11/35 | 568,801 | |||||||||||
350,000 | Shell International Finance BV | 6.375 | 12/15/38 | 501,541 | |||||||||||
100,000 | Shell International Finance BV | 5.500 | 03/25/40 | 133,754 | |||||||||||
1,200,000 | Shell International Finance BV | 4.550 | 08/12/43 | 1,427,174 | |||||||||||
2,025,000 | Shell International Finance BV | 4.375 | 05/11/45 | 2,370,440 | |||||||||||
650,000 | Shell International Finance BV | 4.000 | 05/10/46 | 724,941 | |||||||||||
3,180,000 | Shell International Finance BV | 3.750 | 09/12/46 | 3,392,532 | |||||||||||
1,500,000 | Shell International Finance BV | 3.125 | 11/07/49 | 1,446,876 | |||||||||||
1,500,000 | Shell International Finance BV | 3.250 | 04/06/50 | 1,469,588 | |||||||||||
200,000 | Spectra Energy Partners LP | 4.750 | 03/15/24 | 219,987 | |||||||||||
400,000 | Spectra Energy Partners LP | 3.500 | 03/15/25 | 428,326 | |||||||||||
1,100,000 | Spectra Energy Partners LP | 3.375 | 10/15/26 | 1,182,964 | |||||||||||
200,000 | Spectra Energy Partners LP | 5.950 | 09/25/43 | 247,713 | |||||||||||
600,000 | Spectra Energy Partners LP | 4.500 | 03/15/45 | 646,088 | |||||||||||
500,000 | Suncor Energy, Inc | 2.800 | 05/15/23 | 522,292 | |||||||||||
1,775,000 | Suncor Energy, Inc | 3.600 | 12/01/24 | 1,929,866 | |||||||||||
500,000 | Suncor Energy, Inc | 3.100 | 05/15/25 | 533,967 | |||||||||||
250,000 | Suncor Energy, Inc | 6.800 | 05/15/38 | 342,501 | |||||||||||
1,625,000 | Suncor Energy, Inc | 6.500 | 06/15/38 | 2,171,311 | |||||||||||
1,550,000 | Suncor Energy, Inc | 4.000 | 11/15/47 | 1,571,280 | |||||||||||
1,000,000 | Suncor Energy, Inc | 3.750 | 03/04/51 | 973,059 | |||||||||||
1,181,000 | Sunoco Logistics Partners Operations LP | 3.450 | 01/15/23 | 1,225,950 | |||||||||||
300,000 | Sunoco Logistics Partners Operations LP | 4.250 | 04/01/24 | 325,011 | |||||||||||
200,000 | Sunoco Logistics Partners Operations LP | 5.950 | 12/01/25 | 232,884 | |||||||||||
400,000 | Sunoco Logistics Partners Operations LP | 3.900 | 07/15/26 | 430,603 | |||||||||||
100,000 | Sunoco Logistics Partners Operations LP | 6.100 | 02/15/42 | 112,612 | |||||||||||
300,000 | Sunoco Logistics Partners Operations LP | 5.300 | 04/01/44 | 316,045 | |||||||||||
200,000 | Sunoco Logistics Partners Operations LP | 5.350 | 05/15/45 | 210,495 | |||||||||||
1,225,000 | Sunoco Logistics Partners Operations LP | 5.400 | 10/01/47 | 1,322,745 | |||||||||||
300,000 | Total Capital Canada Ltd | 2.750 | 07/15/23 | 315,963 | |||||||||||
1,675,000 | Total Capital International S.A. | 2.700 | 01/25/23 | 1,746,482 | |||||||||||
750,000 | Total Capital International S.A. | 3.700 | 01/15/24 | 815,549 | |||||||||||
450,000 | Total Capital International S.A. | 3.750 | 04/10/24 | 493,343 | |||||||||||
500,000 | Total Capital International S.A. | 2.434 | 01/10/25 | 524,347 | |||||||||||
900,000 | Total Capital International S.A. | 3.455 | 02/19/29 | 977,926 | |||||||||||
1,300,000 | Total Capital International S.A. | 2.829 | 01/10/30 | 1,352,064 | |||||||||||
775,000 | Total Capital International S.A. | 2.986 | 06/29/41 | 743,161 | |||||||||||
500,000 | Total Capital International S.A. | 3.461 | 07/12/49 | 501,391 | |||||||||||
1,500,000 | Total Capital International S.A. | 3.127 | 05/29/50 | 1,412,134 | |||||||||||
1,000,000 | Total Capital International S.A. | 3.386 | 06/29/60 | 953,373 | |||||||||||
1,125,000 | Total Capital S.A. | 3.883 | 10/11/28 | 1,268,821 | |||||||||||
325,000 | TransCanada PipeLines Ltd | 2.500 | 08/01/22 | 334,161 | |||||||||||
1,225,000 | TransCanada PipeLines Ltd | 4.875 | 01/15/26 | 1,407,390 | |||||||||||
2,500,000 | TransCanada PipeLines Ltd | 4.100 | 04/15/30 | 2,786,714 |
39 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 1,925,000 | TransCanada PipeLines Ltd | 4.625 | % | 03/01/34 | $ | 2,172,643 | ||||||||
100,000 | TransCanada PipeLines Ltd | 6.200 | 10/15/37 | 129,654 | |||||||||||
500,000 | TransCanada PipeLines Ltd | 4.750 | 05/15/38 | 574,314 | |||||||||||
200,000 | TransCanada PipeLines Ltd | 7.625 | 01/15/39 | 298,990 | |||||||||||
125,000 | TransCanada PipeLines Ltd | 6.100 | 06/01/40 | 161,985 | |||||||||||
1,200,000 | TransCanada PipeLines Ltd | 5.000 | 10/16/43 | 1,418,339 | |||||||||||
750,000 | TransCanada PipeLines Ltd | 4.875 | 05/15/48 | 887,265 | |||||||||||
1,425,000 | TransCanada PipeLines Ltd | 5.100 | 03/15/49 | 1,745,019 | |||||||||||
700,000 | Transcontinental Gas Pipe Line Co LLC | 7.850 | 02/01/26 | 885,930 | |||||||||||
1,200,000 | Transcontinental Gas Pipe Line Co LLC | 4.000 | 03/15/28 | 1,332,327 | |||||||||||
500,000 | Transcontinental Gas Pipe Line Co LLC | 3.250 | 05/15/30 | 525,169 | |||||||||||
850,000 | Transcontinental Gas Pipe Line Co LLC | 4.600 | 03/15/48 | 965,115 | |||||||||||
500,000 | Transcontinental Gas Pipe Line Co LLC | 3.950 | 05/15/50 | 511,113 | |||||||||||
5,525,000 | Vale Overseas Ltd | 6.250 | 08/10/26 | 6,571,988 | |||||||||||
1,000,000 | Vale Overseas Ltd | 3.750 | 07/08/30 | 1,043,890 | |||||||||||
150,000 | e | Vale Overseas Ltd | 8.250 | 01/17/34 | 210,975 | ||||||||||
1,164,000 | Vale Overseas Ltd | 6.875 | 11/21/36 | 1,547,032 | |||||||||||
500,000 | Valero Energy Corp | 2.700 | 04/15/23 | 519,051 | |||||||||||
750,000 | Valero Energy Corp | 1.200 | 03/15/24 | 752,260 | |||||||||||
825,000 | Valero Energy Corp | 3.650 | 03/15/25 | 885,514 | |||||||||||
1,250,000 | Valero Energy Corp | 2.850 | 04/15/25 | 1,306,806 | |||||||||||
675,000 | Valero Energy Corp | 3.400 | 09/15/26 | 721,779 | |||||||||||
750,000 | Valero Energy Corp | 2.150 | 09/15/27 | 734,873 | |||||||||||
500,000 | Valero Energy Corp | 4.350 | 06/01/28 | 551,506 | |||||||||||
2,075,000 | Valero Energy Corp | 4.000 | 04/01/29 | 2,235,956 | |||||||||||
455,000 | Valero Energy Corp | 7.500 | 04/15/32 | 613,171 | |||||||||||
850,000 | Valero Energy Corp | 6.625 | 06/15/37 | 1,105,911 | |||||||||||
300,000 | Valero Energy Corp | 4.900 | 03/15/45 | 337,138 | |||||||||||
200,000 | Valero Energy Partners LP | 4.375 | 12/15/26 | 224,224 | |||||||||||
300,000 | Valero Energy Partners LP | 4.500 | 03/15/28 | 332,844 | |||||||||||
2,000,000 | Williams Cos, Inc | 2.600 | 03/15/31 | 1,954,854 | |||||||||||
600,000 | Williams Partners LP | 4.000 | 11/15/21 | 607,601 | |||||||||||
1,000,000 | Williams Partners LP | 3.600 | 03/15/22 | 1,024,124 | |||||||||||
2,375,000 | Williams Partners LP | 3.350 | 08/15/22 | 2,443,280 | |||||||||||
300,000 | Williams Partners LP | 4.500 | 11/15/23 | 326,696 | |||||||||||
150,000 | Williams Partners LP | 3.900 | 01/15/25 | 162,435 | |||||||||||
925,000 | Williams Partners LP | 4.000 | 09/15/25 | 1,014,256 | |||||||||||
1,300,000 | Williams Partners LP | 3.750 | 06/15/27 | 1,417,099 | |||||||||||
300,000 | Williams Partners LP | 6.300 | 04/15/40 | 385,732 | |||||||||||
300,000 | Williams Partners LP | 5.800 | 11/15/43 | 368,458 | |||||||||||
300,000 | Williams Partners LP | 5.400 | 03/04/44 | 348,179 | |||||||||||
1,000,000 | Williams Partners LP | 4.900 | 01/15/45 | 1,107,661 | |||||||||||
225,000 | Williams Partners LP | 5.100 | 09/15/45 | 258,027 | |||||||||||
1,700,000 | Williams Partners LP | 4.850 | 03/01/48 | 1,887,371 | |||||||||||
TOTAL ENERGY | 395,909,243 | ||||||||||||||
FOOD & STAPLES RETAILING - 0.3% | |||||||||||||||
1,300,000 | Costco Wholesale Corp | 2.300 | 05/18/22 | 1,327,255 | |||||||||||
400,000 | Costco Wholesale Corp | 2.750 | 05/18/24 | 427,504 | |||||||||||
625,000 | Costco Wholesale Corp | 3.000 | 05/18/27 | 679,886 | |||||||||||
475,000 | Costco Wholesale Corp | 1.375 | 06/20/27 | 473,349 | |||||||||||
725,000 | Costco Wholesale Corp | 1.600 | 04/20/30 | 694,343 | |||||||||||
1,800,000 | Costco Wholesale Corp | 1.750 | 04/20/32 | 1,710,957 | |||||||||||
69,000 | Delhaize Group S.A. | 5.700 | 10/01/40 | 90,577 |
40 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 200,000 | Kroger Co | 2.950 | % | 11/01/21 | $ | 202,640 | ||||||||
200,000 | Kroger Co | 3.400 | 04/15/22 | 204,743 | |||||||||||
2,525,000 | Kroger Co | 2.800 | 08/01/22 | 2,596,963 | |||||||||||
200,000 | Kroger Co | 3.850 | 08/01/23 | 213,870 | |||||||||||
300,000 | Kroger Co | 4.000 | 02/01/24 | 325,999 | |||||||||||
100,000 | Kroger Co | 3.500 | 02/01/26 | 109,091 | |||||||||||
1,275,000 | Kroger Co | 2.650 | 10/15/26 | 1,344,850 | |||||||||||
175,000 | Kroger Co | 3.700 | 08/01/27 | 194,752 | |||||||||||
1,150,000 | Kroger Co | 4.500 | 01/15/29 | 1,332,985 | |||||||||||
250,000 | Kroger Co | 2.200 | 05/01/30 | 244,814 | |||||||||||
1,500,000 | Kroger Co | 1.700 | 01/15/31 | 1,400,838 | |||||||||||
100,000 | Kroger Co | 6.900 | 04/15/38 | 138,720 | |||||||||||
250,000 | Kroger Co | 5.000 | 04/15/42 | 301,799 | |||||||||||
300,000 | Kroger Co | 5.150 | 08/01/43 | 366,753 | |||||||||||
300,000 | Kroger Co | 3.875 | 10/15/46 | 313,362 | |||||||||||
900,000 | Kroger Co | 4.450 | 02/01/47 | 1,014,679 | |||||||||||
700,000 | Kroger Co | 4.650 | 01/15/48 | 812,761 | |||||||||||
300,000 | Kroger Co | 5.400 | 01/15/49 | 383,689 | |||||||||||
500,000 | Kroger Co | 3.950 | 01/15/50 | 540,278 | |||||||||||
125,000 | SYSCO Corp | 2.500 | 07/15/21 | 125,508 | |||||||||||
250,000 | SYSCO Corp | 3.550 | 03/15/25 | 270,329 | |||||||||||
2,500,000 | SYSCO Corp | 5.650 | 04/01/25 | 2,907,007 | |||||||||||
125,000 | SYSCO Corp | 3.750 | 10/01/25 | 136,133 | |||||||||||
350,000 | SYSCO Corp | 3.300 | 07/15/26 | 376,867 | |||||||||||
1,000,000 | SYSCO Corp | 2.400 | 02/15/30 | 992,935 | |||||||||||
500,000 | SYSCO Corp | 5.950 | 04/01/30 | 624,789 | |||||||||||
500,000 | SYSCO Corp | 6.600 | 04/01/40 | 697,516 | |||||||||||
300,000 | SYSCO Corp | 4.850 | 10/01/45 | 355,389 | |||||||||||
500,000 | SYSCO Corp | 4.500 | 04/01/46 | 561,868 | |||||||||||
250,000 | SYSCO Corp | 4.450 | 03/15/48 | 282,345 | |||||||||||
550,000 | SYSCO Corp | 3.300 | 02/15/50 | 513,726 | |||||||||||
1,000,000 | SYSCO Corp | 6.600 | 04/01/50 | 1,444,371 | |||||||||||
275,000 | Walgreen Co | 3.100 | 09/15/22 | 285,041 | |||||||||||
200,000 | Walgreen Co | 4.400 | 09/15/42 | 209,616 | |||||||||||
800,000 | Walgreens Boots Alliance, Inc | 3.300 | 11/18/21 | 809,081 | |||||||||||
375,000 | Walgreens Boots Alliance, Inc | 3.800 | 11/18/24 | 408,702 | |||||||||||
1,775,000 | Walgreens Boots Alliance, Inc | 3.450 | 06/01/26 | 1,910,134 | |||||||||||
750,000 | e | Walgreens Boots Alliance, Inc | 3.200 | 04/15/30 | 778,841 | ||||||||||
1,400,000 | Walgreens Boots Alliance, Inc | 4.500 | 11/18/34 | 1,557,626 | |||||||||||
400,000 | Walgreens Boots Alliance, Inc | 4.800 | 11/18/44 | 442,901 | |||||||||||
525,000 | Walgreens Boots Alliance, Inc | 4.650 | 06/01/46 | 561,116 | |||||||||||
750,000 | Walgreens Boots Alliance, Inc | 4.100 | 04/15/50 | 760,213 | |||||||||||
675,000 | Walmart, Inc | 2.350 | 12/15/22 | 698,519 | |||||||||||
1,475,000 | Walmart, Inc | 2.550 | 04/11/23 | 1,535,834 | |||||||||||
1,100,000 | Walmart, Inc | 3.400 | 06/26/23 | 1,173,280 | |||||||||||
1,250,000 | Walmart, Inc | 3.300 | 04/22/24 | 1,345,556 | |||||||||||
1,725,000 | Walmart, Inc | 2.650 | 12/15/24 | 1,846,319 | |||||||||||
1,000,000 | Walmart, Inc | 3.050 | 07/08/26 | 1,086,574 | |||||||||||
6,100,000 | Walmart, Inc | 3.700 | 06/26/28 | 6,860,599 | |||||||||||
175,000 | Walmart, Inc | 2.375 | 09/24/29 | 179,067 | |||||||||||
375,000 | Walmart, Inc | 5.250 | 09/01/35 | 491,831 | |||||||||||
725,000 | Walmart, Inc | 3.950 | 06/28/38 | 838,077 | |||||||||||
4,725,000 | Walmart, Inc | 3.625 | 12/15/47 | 5,195,266 |
41 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 1,850,000 | Walmart, Inc | 4.050 | % | 06/29/48 | $ | 2,190,638 | ||||||||
1,900,000 | Walmart, Inc | 2.950 | 09/24/49 | 1,870,760 | |||||||||||
TOTAL FOOD & STAPLES RETAILING | 59,771,831 | ||||||||||||||
FOOD, BEVERAGE & TOBACCO - 1.1% | |||||||||||||||
1,800,000 | Altria Group, Inc | 4.750 | 05/05/21 | 1,806,556 | |||||||||||
300,000 | Altria Group, Inc | 2.350 | 05/06/25 | 310,991 | |||||||||||
727,000 | Altria Group, Inc | 4.400 | 02/14/26 | 819,800 | |||||||||||
700,000 | Altria Group, Inc | 2.625 | 09/16/26 | 728,998 | |||||||||||
800,000 | Altria Group, Inc | 3.400 | 05/06/30 | 836,990 | |||||||||||
1,175,000 | Altria Group, Inc | 2.450 | 02/04/32 | 1,122,571 | |||||||||||
800,000 | Altria Group, Inc | 5.800 | 02/14/39 | 976,223 | |||||||||||
1,500,000 | Altria Group, Inc | 3.400 | 02/04/41 | 1,391,749 | |||||||||||
925,000 | Altria Group, Inc | 4.250 | 08/09/42 | 942,794 | |||||||||||
300,000 | Altria Group, Inc | 4.500 | 05/02/43 | 312,952 | |||||||||||
775,000 | Altria Group, Inc | 5.375 | 01/31/44 | 903,302 | |||||||||||
900,000 | Altria Group, Inc | 3.875 | 09/16/46 | 873,232 | |||||||||||
1,875,000 | Altria Group, Inc | 5.950 | 02/14/49 | 2,334,548 | |||||||||||
1,000,000 | Altria Group, Inc | 4.450 | 05/06/50 | 1,034,415 | |||||||||||
1,000,000 | Altria Group, Inc | 3.700 | 02/04/51 | 911,053 | |||||||||||
1,700,000 | Altria Group, Inc | 6.200 | 02/14/59 | 2,070,822 | |||||||||||
1,000,000 | Altria Group, Inc | 4.000 | 02/04/61 | 924,481 | |||||||||||
1,125,000 | Anheuser-Busch InBev Finance, Inc | 4.625 | 02/01/44 | 1,283,120 | |||||||||||
625,000 | e | Anheuser-Busch InBev Worldwide, Inc | 4.900 | 01/23/31 | 747,423 | ||||||||||
1,700,000 | Anheuser-Busch InBev Worldwide, Inc | 4.375 | 04/15/38 | 1,932,284 | |||||||||||
100,000 | Anheuser-Busch InBev Worldwide, Inc | 8.200 | 01/15/39 | 159,922 | |||||||||||
2,675,000 | Anheuser-Busch InBev Worldwide, Inc | 5.450 | 01/23/39 | 3,341,940 | |||||||||||
500,000 | Anheuser-Busch InBev Worldwide, Inc | 4.350 | 06/01/40 | 565,297 | |||||||||||
150,000 | Anheuser-Busch InBev Worldwide, Inc | 4.950 | 01/15/42 | 179,189 | |||||||||||
425,000 | Anheuser-Busch InBev Worldwide, Inc | 4.600 | 04/15/48 | 486,532 | |||||||||||
1,764,000 | Anheuser-Busch InBev Worldwide, Inc | 4.439 | 10/06/48 | 1,981,258 | |||||||||||
2,025,000 | Anheuser-Busch InBev Worldwide, Inc | 5.550 | 01/23/49 | 2,613,080 | |||||||||||
2,441,000 | Anheuser-Busch InBev Worldwide, Inc | 4.500 | 06/01/50 | 2,769,600 | |||||||||||
1,725,000 | Anheuser-Busch InBev Worldwide, Inc | 4.750 | 04/15/58 | 1,988,297 | |||||||||||
2,150,000 | Anheuser-Busch InBev Worldwide, Inc | 5.800 | 01/23/59 | 2,915,849 | |||||||||||
500,000 | Anheuser-Busch InBev Worldwide, Inc | 4.600 | 06/01/60 | 563,522 | |||||||||||
3,075,000 | Archer-Daniels-Midland Co | 2.500 | 08/11/26 | 3,240,980 | |||||||||||
1,500,000 | Archer-Daniels-Midland Co | 3.250 | 03/27/30 | 1,611,677 | |||||||||||
800,000 | e | Archer-Daniels-Midland Co | 4.500 | 03/15/49 | 1,014,186 | ||||||||||
4,950,000 | BAT Capital Corp | 3.222 | 08/15/24 | 5,273,550 | |||||||||||
500,000 | BAT Capital Corp | 2.789 | 09/06/24 | 526,924 | |||||||||||
3,525,000 | BAT Capital Corp | 3.557 | 08/15/27 | 3,752,433 | |||||||||||
400,000 | BAT Capital Corp | 2.259 | 03/25/28 | 393,821 | |||||||||||
275,000 | BAT Capital Corp | 4.906 | 04/02/30 | 313,992 | |||||||||||
650,000 | BAT Capital Corp | 2.726 | 03/25/31 | 628,632 | |||||||||||
1,400,000 | BAT Capital Corp | 4.390 | 08/15/37 | 1,467,792 | |||||||||||
475,000 | BAT Capital Corp | 3.734 | 09/25/40 | 452,236 | |||||||||||
2,625,000 | BAT Capital Corp | 4.540 | 08/15/47 | 2,643,081 | |||||||||||
900,000 | BAT Capital Corp | 4.758 | 09/06/49 | 924,558 | |||||||||||
500,000 | BAT Capital Corp | 5.282 | 04/02/50 | 549,433 | |||||||||||
1,000,000 | BAT Capital Corp | 3.984 | 09/25/50 | 937,168 | |||||||||||
1,500,000 | BAT International Finance plc | 1.668 | 03/25/26 | 1,484,667 | |||||||||||
200,000 | Beam, Inc | 3.250 | 05/15/22 | 204,656 | |||||||||||
200,000 | Brown-Forman Corp | 3.500 | 04/15/25 | 216,505 |
42 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 200,000 | Brown-Forman Corp | 4.000 | % | 04/15/38 | $ | 226,453 | ||||||||
200,000 | Brown-Forman Corp | 4.500 | 07/15/45 | 242,700 | |||||||||||
300,000 | Bunge Ltd | 3.000 | 09/25/22 | 309,275 | |||||||||||
500,000 | Bunge Ltd | 4.350 | 03/15/24 | 547,985 | |||||||||||
500,000 | Bunge Ltd | 1.630 | 08/17/25 | 500,218 | |||||||||||
125,000 | Bunge Ltd | 3.250 | 08/15/26 | 132,912 | |||||||||||
500,000 | Bunge Ltd | 3.750 | 09/25/27 | 548,452 | |||||||||||
650,000 | Campbell Soup Co | 2.500 | 08/02/22 | 668,043 | |||||||||||
215,000 | Campbell Soup Co | 3.650 | 03/15/23 | 227,666 | |||||||||||
500,000 | Campbell Soup Co | 3.950 | 03/15/25 | 549,392 | |||||||||||
725,000 | Campbell Soup Co | 4.150 | 03/15/28 | 812,407 | |||||||||||
500,000 | Campbell Soup Co | 2.375 | 04/24/30 | 489,030 | |||||||||||
800,000 | Campbell Soup Co | 4.800 | 03/15/48 | 944,743 | |||||||||||
500,000 | Campbell Soup Co | 3.125 | 04/24/50 | 465,502 | |||||||||||
300,000 | Coca-Cola Bottling Co Consolidated | 3.800 | 11/25/25 | 329,317 | |||||||||||
800,000 | Coca-Cola Co | 1.750 | 09/06/24 | 832,585 | |||||||||||
950,000 | Coca-Cola Co | 2.875 | 10/27/25 | 1,026,002 | |||||||||||
300,000 | Coca-Cola Co | 2.550 | 06/01/26 | 318,099 | |||||||||||
400,000 | Coca-Cola Co | 2.250 | 09/01/26 | 420,653 | |||||||||||
1,000,000 | Coca-Cola Co | 1.450 | 06/01/27 | 994,670 | |||||||||||
1,000,000 | e | Coca-Cola Co | 1.500 | 03/05/28 | 983,238 | ||||||||||
2,000,000 | Coca-Cola Co | 1.000 | 03/15/28 | 1,899,158 | |||||||||||
600,000 | Coca-Cola Co | 2.125 | 09/06/29 | 601,617 | |||||||||||
300,000 | Coca-Cola Co | 3.450 | 03/25/30 | 330,478 | |||||||||||
800,000 | Coca-Cola Co | 1.650 | 06/01/30 | 762,203 | |||||||||||
1,500,000 | Coca-Cola Co | 2.000 | 03/05/31 | 1,466,118 | |||||||||||
2,000,000 | Coca-Cola Co | 1.375 | 03/15/31 | 1,854,198 | |||||||||||
725,000 | Coca-Cola Co | 2.500 | 06/01/40 | 681,335 | |||||||||||
1,500,000 | Coca-Cola Co | 2.600 | 06/01/50 | 1,358,166 | |||||||||||
1,000,000 | Coca-Cola Co | 3.000 | 03/05/51 | 982,717 | |||||||||||
475,000 | Coca-Cola Co | 2.500 | 03/15/51 | 414,934 | |||||||||||
2,000,000 | Coca-Cola Co | 2.750 | 06/01/60 | 1,788,944 | |||||||||||
1,500,000 | Coca-Cola Femsa SAB de C.V. | 2.750 | 01/22/30 | 1,506,240 | |||||||||||
200,000 | Coca-Cola Femsa SAB de C.V. | 5.250 | 11/26/43 | 249,866 | |||||||||||
455,000 | ConAgra Brands, Inc | 3.200 | 01/25/23 | 472,403 | |||||||||||
1,000,000 | ConAgra Brands, Inc | 4.300 | 05/01/24 | 1,102,705 | |||||||||||
450,000 | ConAgra Brands, Inc | 4.600 | 11/01/25 | 510,834 | |||||||||||
500,000 | ConAgra Brands, Inc | 1.375 | 11/01/27 | 481,647 | |||||||||||
100,000 | ConAgra Brands, Inc | 7.000 | 10/01/28 | 129,331 | |||||||||||
1,575,000 | ConAgra Brands, Inc | 4.850 | 11/01/28 | 1,833,019 | |||||||||||
750,000 | ConAgra Brands, Inc | 5.300 | 11/01/38 | 925,252 | |||||||||||
750,000 | ConAgra Brands, Inc | 5.400 | 11/01/48 | 959,530 | |||||||||||
300,000 | Constellation Brands, Inc | 2.700 | 05/09/22 | 306,519 | |||||||||||
300,000 | Constellation Brands, Inc | 2.650 | 11/07/22 | 309,395 | |||||||||||
1,250,000 | Constellation Brands, Inc | 3.200 | 02/15/23 | 1,307,980 | |||||||||||
2,275,000 | Constellation Brands, Inc | 4.250 | 05/01/23 | 2,440,483 | |||||||||||
100,000 | Constellation Brands, Inc | 4.400 | 11/15/25 | 112,710 | |||||||||||
750,000 | Constellation Brands, Inc | 3.700 | 12/06/26 | 823,726 | |||||||||||
300,000 | Constellation Brands, Inc | 3.500 | 05/09/27 | 327,246 | |||||||||||
700,000 | Constellation Brands, Inc | 3.600 | 02/15/28 | 761,260 | |||||||||||
300,000 | Constellation Brands, Inc | 4.650 | 11/15/28 | 344,885 | |||||||||||
1,000,000 | Constellation Brands, Inc | 3.150 | 08/01/29 | 1,047,426 | |||||||||||
100,000 | Constellation Brands, Inc | 2.875 | 05/01/30 | 102,177 |
43 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 300,000 | Constellation Brands, Inc | 4.100 | % | 02/15/48 | $ | 324,302 | ||||||||
300,000 | Constellation Brands, Inc | 5.250 | 11/15/48 | 380,393 | |||||||||||
1,250,000 | Constellation Brands, Inc | 3.750 | 05/01/50 | 1,306,402 | |||||||||||
1,725,000 | Diageo Capital plc | 2.625 | 04/29/23 | 1,797,091 | |||||||||||
750,000 | Diageo Capital plc | 2.125 | 10/24/24 | 782,712 | |||||||||||
500,000 | Diageo Capital plc | 1.375 | 09/29/25 | 504,643 | |||||||||||
425,000 | Diageo Capital plc | 3.875 | 05/18/28 | 476,634 | |||||||||||
1,033,000 | Diageo Capital plc | 2.000 | 04/29/30 | 1,010,008 | |||||||||||
1,900,000 | Diageo Capital plc | 2.125 | 04/29/32 | 1,834,680 | |||||||||||
200,000 | Diageo Capital plc | 5.875 | 09/30/36 | 274,229 | |||||||||||
400,000 | Diageo Capital plc | 3.875 | 04/29/43 | 449,419 | |||||||||||
150,000 | Flowers Foods, Inc | 4.375 | 04/01/22 | 154,526 | |||||||||||
100,000 | Flowers Foods, Inc | 3.500 | 10/01/26 | 108,342 | |||||||||||
400,000 | Flowers Foods, Inc | 2.400 | 03/15/31 | 390,189 | |||||||||||
200,000 | Fomento Economico Mexicano SAB de C.V. | 2.875 | 05/10/23 | 208,280 | |||||||||||
300,000 | Fomento Economico Mexicano SAB de C.V. | 4.375 | 05/10/43 | 338,535 | |||||||||||
2,500,000 | Fomento Economico Mexicano SAB de C.V. | 3.500 | 01/16/50 | 2,490,200 | |||||||||||
200,000 | General Mills, Inc | 3.150 | 12/15/21 | 202,543 | |||||||||||
500,000 | General Mills, Inc | 2.600 | 10/12/22 | 516,019 | |||||||||||
200,000 | General Mills, Inc | 3.700 | 10/17/23 | 214,455 | |||||||||||
500,000 | General Mills, Inc | 3.650 | 02/15/24 | 540,371 | |||||||||||
150,000 | General Mills, Inc | 4.000 | 04/17/25 | 165,832 | |||||||||||
800,000 | General Mills, Inc | 3.200 | 02/10/27 | 865,724 | |||||||||||
3,800,000 | General Mills, Inc | 4.200 | 04/17/28 | 4,291,833 | |||||||||||
100,000 | General Mills, Inc | 2.875 | 04/15/30 | 103,236 | |||||||||||
951,000 | g | General Mills, Inc | 3.000 | 02/01/51 | 889,132 | ||||||||||
300,000 | Hershey Co | 2.050 | 11/15/24 | 313,870 | |||||||||||
500,000 | Hershey Co | 0.900 | 06/01/25 | 495,594 | |||||||||||
300,000 | Hershey Co | 2.450 | 11/15/29 | 307,233 | |||||||||||
500,000 | Hershey Co | 1.700 | 06/01/30 | 477,675 | |||||||||||
300,000 | Hershey Co | 3.375 | 08/15/46 | 310,042 | |||||||||||
300,000 | Hershey Co | 3.125 | 11/15/49 | 297,094 | |||||||||||
100,000 | Hershey Co | 2.650 | 06/01/50 | 90,190 | |||||||||||
1,500,000 | Hormel Foods Corp | 1.800 | 06/11/30 | 1,440,799 | |||||||||||
300,000 | Ingredion, Inc | 3.200 | 10/01/26 | 323,391 | |||||||||||
750,000 | Ingredion, Inc | 3.900 | 06/01/50 | 792,091 | |||||||||||
275,000 | JM Smucker Co | 3.500 | 10/15/21 | 279,580 | |||||||||||
300,000 | JM Smucker Co | 3.000 | 03/15/22 | 307,534 | |||||||||||
1,475,000 | JM Smucker Co | 3.500 | 03/15/25 | 1,601,369 | |||||||||||
200,000 | JM Smucker Co | 3.375 | 12/15/27 | 216,640 | |||||||||||
150,000 | JM Smucker Co | 2.375 | 03/15/30 | 147,965 | |||||||||||
300,000 | JM Smucker Co | 4.250 | 03/15/35 | 335,122 | |||||||||||
300,000 | JM Smucker Co | 4.375 | 03/15/45 | 336,304 | |||||||||||
400,000 | JM Smucker Co | 3.550 | 03/15/50 | 404,569 | |||||||||||
417,000 | Kellogg Co | 2.650 | 12/01/23 | 438,062 | |||||||||||
1,800,000 | Kellogg Co | 3.250 | 04/01/26 | 1,940,442 | |||||||||||
200,000 | Kellogg Co | 3.400 | 11/15/27 | 216,438 | |||||||||||
800,000 | Kellogg Co | 4.300 | 05/15/28 | 906,934 | |||||||||||
275,000 | Kellogg Co | 2.100 | 06/01/30 | 267,196 | |||||||||||
150,000 | Kellogg Co | 4.500 | 04/01/46 | 174,904 | |||||||||||
804,000 | Keurig Dr Pepper, Inc | 4.057 | 05/25/23 | 862,605 | |||||||||||
500,000 | Keurig Dr Pepper, Inc | 3.130 | 12/15/23 | 530,571 | |||||||||||
275,000 | Keurig Dr Pepper, Inc | 4.417 | 05/25/25 | 308,549 | |||||||||||
200,000 | Keurig Dr Pepper, Inc | 3.400 | 11/15/25 | 217,886 |
44 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 200,000 | Keurig Dr Pepper, Inc | 2.550 | % | 09/15/26 | $ | 210,337 | ||||||||
2,750,000 | Keurig Dr Pepper, Inc | 4.597 | 05/25/28 | 3,176,551 | |||||||||||
750,000 | Keurig Dr Pepper, Inc | 3.200 | 05/01/30 | 793,595 | |||||||||||
1,500,000 | e | Keurig Dr Pepper, Inc | 2.250 | 03/15/31 | 1,474,753 | ||||||||||
500,000 | Keurig Dr Pepper, Inc | 4.420 | 12/15/46 | 574,142 | |||||||||||
750,000 | Keurig Dr Pepper, Inc | 5.085 | 05/25/48 | 939,404 | |||||||||||
800,000 | Keurig Dr Pepper, Inc | 3.800 | 05/01/50 | 850,284 | |||||||||||
1,500,000 | Keurig Dr Pepper, Inc | 3.350 | 03/15/51 | 1,493,965 | |||||||||||
400,000 | McCormick & Co, Inc | 2.700 | 08/15/22 | 411,596 | |||||||||||
250,000 | McCormick & Co, Inc | 3.150 | 08/15/24 | 267,528 | |||||||||||
625,000 | McCormick & Co, Inc | 0.900 | 02/15/26 | 609,231 | |||||||||||
250,000 | McCormick & Co, Inc | 3.400 | 08/15/27 | 270,995 | |||||||||||
500,000 | McCormick & Co, Inc | 2.500 | 04/15/30 | 500,057 | |||||||||||
325,000 | McCormick & Co, Inc | 1.850 | 02/15/31 | 305,548 | |||||||||||
400,000 | McCormick & Co, Inc | 4.200 | 08/15/47 | 444,157 | |||||||||||
925,000 | Mead Johnson Nutrition Co | 4.125 | 11/15/25 | 1,037,294 | |||||||||||
350,000 | Mead Johnson Nutrition Co | 4.600 | 06/01/44 | 427,551 | |||||||||||
800,000 | Molson Coors Brewing Co | 2.100 | 07/15/21 | 802,506 | |||||||||||
900,000 | Molson Coors Brewing Co | 3.500 | 05/01/22 | 928,633 | |||||||||||
1,025,000 | Molson Coors Brewing Co | 3.000 | 07/15/26 | 1,091,401 | |||||||||||
525,000 | Molson Coors Brewing Co | 5.000 | 05/01/42 | 605,478 | |||||||||||
1,550,000 | Molson Coors Brewing Co | 4.200 | 07/15/46 | 1,614,439 | |||||||||||
1,000,000 | Mondelez International, Inc | 0.625 | 07/01/22 | 1,002,895 | |||||||||||
1,000,000 | Mondelez International, Inc | 1.500 | 05/04/25 | 1,010,895 | |||||||||||
775,000 | Mondelez International, Inc | 2.750 | 04/13/30 | 791,226 | |||||||||||
400,000 | e | Mondelez International, Inc | 1.500 | 02/04/31 | 365,824 | ||||||||||
725,000 | Mondelez International, Inc | 1.875 | 10/15/32 | 675,555 | |||||||||||
1,200,000 | Mondelez International, Inc | 2.625 | 09/04/50 | 1,033,032 | |||||||||||
400,000 | PepsiCo, Inc | 2.750 | 03/05/22 | 409,357 | |||||||||||
600,000 | PepsiCo, Inc | 3.100 | 07/17/22 | 619,214 | |||||||||||
700,000 | PepsiCo, Inc | 2.750 | 03/01/23 | 731,223 | |||||||||||
1,000,000 | PepsiCo, Inc | 0.400 | 10/07/23 | 1,003,379 | |||||||||||
1,425,000 | PepsiCo, Inc | 3.600 | 03/01/24 | 1,546,870 | |||||||||||
750,000 | PepsiCo, Inc | 2.250 | 03/19/25 | 789,798 | |||||||||||
525,000 | PepsiCo, Inc | 2.750 | 04/30/25 | 559,617 | |||||||||||
425,000 | PepsiCo, Inc | 3.500 | 07/17/25 | 466,425 | |||||||||||
275,000 | PepsiCo, Inc | 2.850 | 02/24/26 | 296,255 | |||||||||||
1,300,000 | PepsiCo, Inc | 2.375 | 10/06/26 | 1,380,533 | |||||||||||
150,000 | PepsiCo, Inc | 2.625 | 03/19/27 | 159,546 | |||||||||||
500,000 | PepsiCo, Inc | 2.750 | 03/19/30 | 520,646 | |||||||||||
2,275,000 | PepsiCo, Inc | 1.625 | 05/01/30 | 2,174,842 | |||||||||||
2,000,000 | PepsiCo, Inc | 1.400 | 02/25/31 | 1,863,463 | |||||||||||
750,000 | PepsiCo, Inc | 3.500 | 03/19/40 | 806,893 | |||||||||||
625,000 | PepsiCo, Inc | 4.000 | 03/05/42 | 703,491 | |||||||||||
200,000 | PepsiCo, Inc | 3.600 | 08/13/42 | 215,785 | |||||||||||
450,000 | PepsiCo, Inc | 4.600 | 07/17/45 | 552,110 | |||||||||||
1,600,000 | PepsiCo, Inc | 4.450 | 04/14/46 | 1,936,897 | |||||||||||
575,000 | PepsiCo, Inc | 3.450 | 10/06/46 | 607,988 | |||||||||||
925,000 | PepsiCo, Inc | 4.000 | 05/02/47 | 1,037,582 | |||||||||||
1,250,000 | PepsiCo, Inc | 3.375 | 07/29/49 | 1,291,214 | |||||||||||
750,000 | PepsiCo, Inc | 2.875 | 10/15/49 | 725,859 | |||||||||||
1,250,000 | PepsiCo, Inc | 3.625 | 03/19/50 | 1,378,772 | |||||||||||
750,000 | PepsiCo, Inc | 3.875 | 03/19/60 | 845,330 |
45 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 200,000 | Philip Morris International, Inc | 2.900 | % | 11/15/21 | $ | 203,271 | ||||||||
300,000 | Philip Morris International, Inc | 2.625 | 02/18/22 | 305,587 | |||||||||||
425,000 | Philip Morris International, Inc | 2.375 | 08/17/22 | 436,441 | |||||||||||
375,000 | Philip Morris International, Inc | 2.500 | 08/22/22 | 385,913 | |||||||||||
450,000 | Philip Morris International, Inc | 2.500 | 11/02/22 | 464,507 | |||||||||||
500,000 | Philip Morris International, Inc | 2.625 | 03/06/23 | 521,278 | |||||||||||
300,000 | Philip Morris International, Inc | 2.125 | 05/10/23 | 309,366 | |||||||||||
300,000 | Philip Morris International, Inc | 3.600 | 11/15/23 | 323,158 | |||||||||||
600,000 | Philip Morris International, Inc | 3.250 | 11/10/24 | 650,078 | |||||||||||
500,000 | Philip Morris International, Inc | 1.500 | 05/01/25 | 506,800 | |||||||||||
500,000 | Philip Morris International, Inc | 3.375 | 08/11/25 | 543,411 | |||||||||||
700,000 | Philip Morris International, Inc | 2.750 | 02/25/26 | 745,302 | |||||||||||
1,000,000 | Philip Morris International, Inc | 0.875 | 05/01/26 | 971,051 | |||||||||||
1,300,000 | e | Philip Morris International, Inc | 3.125 | 08/17/27 | 1,407,739 | ||||||||||
1,500,000 | Philip Morris International, Inc | 3.125 | 03/02/28 | 1,592,653 | |||||||||||
1,450,000 | Philip Morris International, Inc | 3.375 | 08/15/29 | 1,563,035 | |||||||||||
450,000 | Philip Morris International, Inc | 2.100 | 05/01/30 | 434,141 | |||||||||||
1,000,000 | Philip Morris International, Inc | 1.750 | 11/01/30 | 936,251 | |||||||||||
400,000 | Philip Morris International, Inc | 6.375 | 05/16/38 | 552,440 | |||||||||||
225,000 | Philip Morris International, Inc | 4.375 | 11/15/41 | 255,676 | |||||||||||
200,000 | Philip Morris International, Inc | 4.500 | 03/20/42 | 228,705 | |||||||||||
275,000 | Philip Morris International, Inc | 3.875 | 08/21/42 | 291,339 | |||||||||||
300,000 | Philip Morris International, Inc | 4.125 | 03/04/43 | 325,469 | |||||||||||
200,000 | Philip Morris International, Inc | 4.875 | 11/15/43 | 238,717 | |||||||||||
2,000,000 | Philip Morris International, Inc | 4.250 | 11/10/44 | 2,224,351 | |||||||||||
200,000 | Reynolds American, Inc | 4.850 | 09/15/23 | 219,617 | |||||||||||
550,000 | Reynolds American, Inc | 4.450 | 06/12/25 | 610,302 | |||||||||||
750,000 | Reynolds American, Inc | 5.700 | 08/15/35 | 889,540 | |||||||||||
65,000 | Reynolds American, Inc | 7.250 | 06/15/37 | 83,423 | |||||||||||
200,000 | Reynolds American, Inc | 6.150 | 09/15/43 | 241,094 | |||||||||||
1,775,000 | Reynolds American, Inc | 5.850 | 08/15/45 | 2,092,237 | |||||||||||
1,600,000 | Tyson Foods, Inc | 4.500 | 06/15/22 | 1,661,411 | |||||||||||
100,000 | Tyson Foods, Inc | 3.900 | 09/28/23 | 107,731 | |||||||||||
750,000 | Tyson Foods, Inc | 3.950 | 08/15/24 | 818,913 | |||||||||||
500,000 | Tyson Foods, Inc | 4.000 | 03/01/26 | 554,778 | |||||||||||
1,150,000 | Tyson Foods, Inc | 3.550 | 06/02/27 | 1,255,617 | |||||||||||
500,000 | Tyson Foods, Inc | 4.350 | 03/01/29 | 569,179 | |||||||||||
500,000 | Tyson Foods, Inc | 5.150 | 08/15/44 | 614,130 | |||||||||||
300,000 | Tyson Foods, Inc | 4.550 | 06/02/47 | 352,877 | |||||||||||
1,700,000 | Tyson Foods, Inc | 5.100 | 09/28/48 | 2,152,560 | |||||||||||
TOTAL FOOD, BEVERAGE & TOBACCO | 215,161,353 | ||||||||||||||
HEALTH CARE EQUIPMENT & SERVICES - 1.4% | |||||||||||||||
175,000 | Abbott Laboratories | 2.550 | 03/15/22 | 178,879 | |||||||||||
200,000 | Abbott Laboratories | 3.400 | 11/30/23 | 214,311 | |||||||||||
275,000 | Abbott Laboratories | 2.950 | 03/15/25 | 294,386 | |||||||||||
1,708,000 | Abbott Laboratories | 3.750 | 11/30/26 | 1,917,163 | |||||||||||
625,000 | Abbott Laboratories | 1.150 | 01/30/28 | 600,622 | |||||||||||
200,000 | Abbott Laboratories | 1.400 | 06/30/30 | 186,836 | |||||||||||
2,750,000 | Abbott Laboratories | 4.750 | 11/30/36 | 3,402,922 | |||||||||||
3,450,000 | Abbott Laboratories | 4.900 | 11/30/46 | 4,493,198 | |||||||||||
500,000 | Adventist Health System | 2.952 | 03/01/29 | 516,966 | |||||||||||
500,000 | Adventist Health System | 3.630 | 03/01/49 | 516,667 | |||||||||||
200,000 | Advocate Health & Hospitals Corp | 3.829 | 08/15/28 | 222,313 |
46 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 750,000 | Advocate Health & Hospitals Corp | 2.211 | % | 06/15/30 | $ | 743,698 | ||||||||
100,000 | Advocate Health & Hospitals Corp | 4.272 | 08/15/48 | 119,320 | |||||||||||
600,000 | Advocate Health & Hospitals Corp | 3.387 | 10/15/49 | 612,281 | |||||||||||
500,000 | Advocate Health & Hospitals Corp | 3.008 | 06/15/50 | 477,300 | |||||||||||
1,500,000 | AHS Hospital Corp | 2.780 | 07/01/51 | 1,387,998 | |||||||||||
200,000 | Allina Health System | 3.887 | 04/15/49 | 225,264 | |||||||||||
1,000,000 | AmerisourceBergen Corp | 0.737 | 03/15/23 | 1,000,857 | |||||||||||
400,000 | AmerisourceBergen Corp | 3.400 | 05/15/24 | 429,120 | |||||||||||
700,000 | AmerisourceBergen Corp | 3.250 | 03/01/25 | 753,188 | |||||||||||
200,000 | AmerisourceBergen Corp | 3.450 | 12/15/27 | 217,743 | |||||||||||
1,000,000 | AmerisourceBergen Corp | 2.800 | 05/15/30 | 1,019,473 | |||||||||||
1,000,000 | AmerisourceBergen Corp | 2.700 | 03/15/31 | 997,743 | |||||||||||
700,000 | AmerisourceBergen Corp | 4.300 | 12/15/47 | 775,503 | |||||||||||
150,000 | Anthem, Inc | 3.700 | 08/15/21 | 150,548 | |||||||||||
1,000,000 | Anthem, Inc | 3.125 | 05/15/22 | 1,030,095 | |||||||||||
500,000 | Anthem, Inc | 3.300 | 01/15/23 | 524,821 | |||||||||||
225,000 | Anthem, Inc | 3.500 | 08/15/24 | 243,248 | |||||||||||
1,625,000 | Anthem, Inc | 3.350 | 12/01/24 | 1,757,659 | |||||||||||
1,500,000 | Anthem, Inc | 2.375 | 01/15/25 | 1,567,685 | |||||||||||
1,000,000 | Anthem, Inc | 1.500 | 03/15/26 | 1,001,077 | |||||||||||
850,000 | Anthem, Inc | 3.650 | 12/01/27 | 938,001 | |||||||||||
1,225,000 | Anthem, Inc | 4.101 | 03/01/28 | 1,377,732 | |||||||||||
500,000 | Anthem, Inc | 2.875 | 09/15/29 | 519,787 | |||||||||||
1,500,000 | Anthem, Inc | 2.250 | 05/15/30 | 1,476,250 | |||||||||||
1,000,000 | Anthem, Inc | 2.550 | 03/15/31 | 1,000,165 | |||||||||||
1,150,000 | Anthem, Inc | 4.625 | 05/15/42 | 1,357,824 | |||||||||||
125,000 | Anthem, Inc | 4.650 | 01/15/43 | 148,546 | |||||||||||
500,000 | Anthem, Inc | 5.100 | 01/15/44 | 621,046 | |||||||||||
425,000 | Anthem, Inc | 4.650 | 08/15/44 | 507,163 | |||||||||||
625,000 | Anthem, Inc | 4.375 | 12/01/47 | 719,913 | |||||||||||
1,800,000 | Anthem, Inc | 4.550 | 03/01/48 | 2,122,676 | |||||||||||
500,000 | Anthem, Inc | 3.700 | 09/15/49 | 518,975 | |||||||||||
1,150,000 | Anthem, Inc | 3.125 | 05/15/50 | 1,097,383 | |||||||||||
425,000 | Anthem, Inc | 3.600 | 03/15/51 | 439,920 | |||||||||||
1,000,000 | Ascension Health | 2.532 | 11/15/29 | 1,026,070 | |||||||||||
1,000,000 | Ascension Health | 3.106 | 11/15/39 | 1,023,285 | |||||||||||
875,000 | Ascension Health | 3.945 | 11/15/46 | 1,003,031 | |||||||||||
200,000 | Ascension Health | 4.847 | 11/15/53 | 264,535 | |||||||||||
500,000 | Banner Health | 2.338 | 01/01/30 | 501,368 | |||||||||||
750,000 | Banner Health | 1.897 | 01/01/31 | 713,067 | |||||||||||
500,000 | Banner Health | 3.181 | 01/01/50 | 501,738 | |||||||||||
750,000 | Banner Health | 2.913 | 01/01/51 | 690,634 | |||||||||||
1,000,000 | Baptist Healthcare System Obligated Group | 3.540 | 08/15/50 | 1,007,571 | |||||||||||
475,000 | Baxter International, Inc | 2.600 | 08/15/26 | 504,520 | |||||||||||
2,000,000 | g | Baxter International, Inc | 1.730 | 04/01/31 | 1,870,906 | ||||||||||
300,000 | Baxter International, Inc | 3.500 | 08/15/46 | 312,386 | |||||||||||
1,500,000 | Baylor Scott & White Holdings | 1.777 | 11/15/30 | 1,427,489 | |||||||||||
290,000 | Baylor Scott & White Holdings | 4.185 | 11/15/45 | 339,538 | |||||||||||
200,000 | Baylor Scott & White Holdings | 3.967 | 11/15/46 | 223,115 | |||||||||||
2,000,000 | Baylor Scott & White Holdings | 2.839 | 11/15/50 | 1,882,070 | |||||||||||
1,237,000 | Becton Dickinson & Co | 2.894 | 06/06/22 | 1,269,059 | |||||||||||
1,400,000 | Becton Dickinson & Co | 3.363 | 06/06/24 | 1,503,912 | |||||||||||
601,000 | Becton Dickinson & Co | 3.734 | 12/15/24 | 656,487 |
47 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 1,277,000 | Becton Dickinson & Co | 3.700 | % | 06/06/27 | $ | 1,408,555 | ||||||||
675,000 | Becton Dickinson & Co | 2.823 | 05/20/30 | 691,983 | |||||||||||
391,000 | Becton Dickinson & Co | 4.685 | 12/15/44 | 465,888 | |||||||||||
1,000,000 | Becton Dickinson & Co | 4.669 | 06/06/47 | 1,193,709 | |||||||||||
1,000,000 | Becton Dickinson & Co | 3.794 | 05/20/50 | 1,062,446 | |||||||||||
1,500,000 | Becton Dickinson and Co | 1.957 | 02/11/31 | 1,423,006 | |||||||||||
500,000 | Bon Secours Mercy Health, Inc | 3.464 | 06/01/30 | 539,446 | |||||||||||
500,000 | Bon Secours Mercy Health, Inc | 2.095 | 06/01/31 | 479,314 | |||||||||||
500,000 | Bon Secours Mercy Health, Inc | 3.205 | 06/01/50 | 488,290 | |||||||||||
150,000 | Boston Scientific Corp | 3.375 | 05/15/22 | 154,836 | |||||||||||
500,000 | Boston Scientific Corp | 3.450 | 03/01/24 | 536,750 | |||||||||||
1,155,000 | Boston Scientific Corp | 3.850 | 05/15/25 | 1,276,221 | |||||||||||
500,000 | Boston Scientific Corp | 3.750 | 03/01/26 | 552,051 | |||||||||||
700,000 | Boston Scientific Corp | 4.000 | 03/01/28 | 791,943 | |||||||||||
275,000 | Boston Scientific Corp | 4.000 | 03/01/29 | 305,895 | |||||||||||
1,500,000 | Boston Scientific Corp | 2.650 | 06/01/30 | 1,513,914 | |||||||||||
700,000 | Boston Scientific Corp | 4.550 | 03/01/39 | 823,554 | |||||||||||
775,000 | Boston Scientific Corp | 4.700 | 03/01/49 | 936,733 | |||||||||||
625,000 | Cardinal Health, Inc | 2.616 | 06/15/22 | 639,667 | |||||||||||
100,000 | Cardinal Health, Inc | 3.200 | 06/15/22 | 103,247 | |||||||||||
200,000 | Cardinal Health, Inc | 3.200 | 03/15/23 | 209,997 | |||||||||||
650,000 | Cardinal Health, Inc | 3.079 | 06/15/24 | 690,796 | |||||||||||
100,000 | Cardinal Health, Inc | 3.500 | 11/15/24 | 108,366 | |||||||||||
200,000 | Cardinal Health, Inc | 3.750 | 09/15/25 | 219,095 | |||||||||||
1,475,000 | Cardinal Health, Inc | 3.410 | 06/15/27 | 1,594,630 | |||||||||||
100,000 | Cardinal Health, Inc | 4.600 | 03/15/43 | 109,965 | |||||||||||
200,000 | Cardinal Health, Inc | 4.500 | 11/15/44 | 216,322 | |||||||||||
200,000 | Cardinal Health, Inc | 4.900 | 09/15/45 | 230,353 | |||||||||||
500,000 | Cardinal Health, Inc | 4.368 | 06/15/47 | 543,172 | |||||||||||
1,000,000 | Children’s Hospital of Philadelphia | 2.704 | 07/01/50 | 919,093 | |||||||||||
200,000 | CHRISTUS Health | 4.341 | 07/01/28 | 225,949 | |||||||||||
1,100,000 | Cigna Corp | 3.000 | 07/15/23 | 1,156,733 | |||||||||||
623,000 | Cigna Corp | 3.750 | 07/15/23 | 666,266 | |||||||||||
300,000 | Cigna Corp | 3.500 | 06/15/24 | 323,511 | |||||||||||
900,000 | Cigna Corp | 3.250 | 04/15/25 | 968,064 | |||||||||||
150,000 | Cigna Corp | 4.500 | 02/25/26 | 170,771 | |||||||||||
1,000,000 | Cigna Corp | 1.250 | 03/15/26 | 987,180 | |||||||||||
4,475,000 | Cigna Corp | 3.400 | 03/01/27 | 4,858,690 | |||||||||||
300,000 | Cigna Corp | 3.050 | 10/15/27 | 320,901 | |||||||||||
3,275,000 | Cigna Corp | 4.375 | 10/15/28 | 3,746,822 | |||||||||||
250,000 | Cigna Corp | 2.400 | 03/15/30 | 247,882 | |||||||||||
550,000 | Cigna Corp | 2.375 | 03/15/31 | 540,974 | |||||||||||
1,700,000 | Cigna Corp | 4.800 | 08/15/38 | 2,031,836 | |||||||||||
225,000 | Cigna Corp | 3.200 | 03/15/40 | 224,995 | |||||||||||
93,000 | Cigna Corp | 6.125 | 11/15/41 | 127,104 | |||||||||||
975,000 | Cigna Corp | 4.800 | 07/15/46 | 1,168,550 | |||||||||||
1,150,000 | Cigna Corp | 3.875 | 10/15/47 | 1,229,122 | |||||||||||
2,450,000 | Cigna Corp | 4.900 | 12/15/48 | 3,000,902 | |||||||||||
750,000 | Cigna Corp | 3.400 | 03/15/50 | 737,500 | |||||||||||
1,100,000 | Cigna Corp | 3.400 | 03/15/51 | 1,081,498 | |||||||||||
600,000 | City of Hope | 4.378 | 08/15/48 | 703,209 | |||||||||||
750,000 | Community Health Network, Inc | 3.099 | 05/01/50 | 700,025 | |||||||||||
900,000 | CVS Health Corp | 3.500 | 07/20/22 | 931,783 | |||||||||||
925,000 | CVS Health Corp | 2.750 | 12/01/22 | 955,320 |
48 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 900,000 | CVS Health Corp | 3.375 | % | 08/12/24 | $ | 968,297 | ||||||||
250,000 | CVS Health Corp | 2.625 | 08/15/24 | 263,803 | |||||||||||
1,969,000 | CVS Health Corp | 3.875 | 07/20/25 | 2,176,447 | |||||||||||
2,550,000 | CVS Health Corp | 2.875 | 06/01/26 | 2,706,897 | |||||||||||
1,250,000 | CVS Health Corp | 3.000 | 08/15/26 | 1,335,692 | |||||||||||
6,500,000 | CVS Health Corp | 1.300 | 08/21/27 | 6,244,177 | |||||||||||
3,131,000 | CVS Health Corp | 4.300 | 03/25/28 | 3,555,507 | |||||||||||
275,000 | CVS Health Corp | 3.250 | 08/15/29 | 290,673 | |||||||||||
1,825,000 | CVS Health Corp | 1.750 | 08/21/30 | 1,703,454 | |||||||||||
1,525,000 | CVS Health Corp | 1.875 | 02/28/31 | 1,432,404 | |||||||||||
4,100,000 | CVS Health Corp | 4.780 | 03/25/38 | 4,838,761 | |||||||||||
850,000 | CVS Health Corp | 2.700 | 08/21/40 | 782,784 | |||||||||||
400,000 | CVS Health Corp | 5.300 | 12/05/43 | 496,465 | |||||||||||
1,800,000 | CVS Health Corp | 5.125 | 07/20/45 | 2,203,652 | |||||||||||
8,525,000 | CVS Health Corp | 5.050 | 03/25/48 | 10,465,629 | |||||||||||
200,000 | Danaher Corp | 3.350 | 09/15/25 | 218,235 | |||||||||||
200,000 | Danaher Corp | 4.375 | 09/15/45 | 232,989 | |||||||||||
400,000 | Danaher Corp | 2.600 | 10/01/50 | 353,902 | |||||||||||
100,000 | Dartmouth-Hitchcock Health | 4.178 | 08/01/48 | 110,501 | |||||||||||
1,000,000 | DENTSPLY SIRONA, Inc | 3.250 | 06/01/30 | 1,045,557 | |||||||||||
200,000 | Dignity Health | 5.267 | 11/01/64 | 248,886 | |||||||||||
400,000 | Duke University Health System, Inc | 3.920 | 06/01/47 | 450,953 | |||||||||||
400,000 | Edwards Lifesciences Corp | 4.300 | 06/15/28 | 451,021 | |||||||||||
750,000 | Hackensack Meridian Health, Inc | 2.675 | 09/01/41 | 695,615 | |||||||||||
200,000 | Hackensack Meridian Health, Inc | 4.211 | 07/01/48 | 234,609 | |||||||||||
750,000 | Hackensack Meridian Health, Inc | 2.875 | 09/01/50 | 699,380 | |||||||||||
200,000 | Hackensack Meridian Health, Inc | 4.500 | 07/01/57 | 248,249 | |||||||||||
685,000 | Hartford HealthCare Corp | 3.447 | 07/01/54 | 676,335 | |||||||||||
2,500,000 | HCA, Inc | 5.000 | 03/15/24 | 2,781,634 | |||||||||||
2,000,000 | HCA, Inc | 4.500 | 02/15/27 | 2,243,253 | |||||||||||
1,500,000 | HCA, Inc | 4.125 | 06/15/29 | 1,662,278 | |||||||||||
225,000 | HCA, Inc | 5.125 | 06/15/39 | 270,228 | |||||||||||
875,000 | HCA, Inc | 5.500 | 06/15/47 | 1,088,320 | |||||||||||
2,500,000 | HCA, Inc | 5.250 | 06/15/49 | 3,059,172 | |||||||||||
100,000 | Humana, Inc | 3.150 | 12/01/22 | 103,626 | |||||||||||
400,000 | Humana, Inc | 2.900 | 12/15/22 | 414,519 | |||||||||||
300,000 | Humana, Inc | 3.850 | 10/01/24 | 327,618 | |||||||||||
600,000 | Humana, Inc | 3.950 | 03/15/27 | 669,083 | |||||||||||
175,000 | Humana, Inc | 3.125 | 08/15/29 | 182,538 | |||||||||||
200,000 | Humana, Inc | 4.625 | 12/01/42 | 232,301 | |||||||||||
300,000 | Humana, Inc | 4.950 | 10/01/44 | 360,196 | |||||||||||
600,000 | Humana, Inc | 4.800 | 03/15/47 | 717,532 | |||||||||||
500,000 | Humana, Inc | 3.950 | 08/15/49 | 538,069 | |||||||||||
200,000 | Indiana University Health, Inc Obligated Group | 3.970 | 11/01/48 | 229,122 | |||||||||||
760,000 | Integris Baptist Medical Center, Inc | 3.875 | 08/15/50 | 802,377 | |||||||||||
350,000 | Johns Hopkins Health System Corp | 3.837 | 05/15/46 | 396,238 | |||||||||||
100,000 | Kaiser Foundation Hospitals | 3.500 | 04/01/22 | 103,064 | |||||||||||
500,000 | Kaiser Foundation Hospitals | 3.150 | 05/01/27 | 545,546 | |||||||||||
100,000 | Kaiser Foundation Hospitals | 4.875 | 04/01/42 | 127,092 | |||||||||||
1,265,000 | Kaiser Foundation Hospitals | 4.150 | 05/01/47 | 1,491,435 | |||||||||||
1,000,000 | Kaiser Foundation Hospitals | 3.266 | 11/01/49 | 1,029,816 | |||||||||||
755,000 | Koninklijke Philips NV | 5.000 | 03/15/42 | 967,713 | |||||||||||
1,500,000 | Laboratory Corp of America Holdings | 3.200 | 02/01/22 | 1,534,769 |
49 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 200,000 | Laboratory Corp of America Holdings | 3.750 | % | 08/23/22 | $ | 207,204 | ||||||||
700,000 | Laboratory Corp of America Holdings | 4.000 | 11/01/23 | 752,179 | |||||||||||
200,000 | Laboratory Corp of America Holdings | 3.250 | 09/01/24 | 214,366 | |||||||||||
500,000 | Laboratory Corp of America Holdings | 2.300 | 12/01/24 | 521,495 | |||||||||||
100,000 | Laboratory Corp of America Holdings | 3.600 | 02/01/25 | 108,228 | |||||||||||
300,000 | Laboratory Corp of America Holdings | 3.600 | 09/01/27 | 328,484 | |||||||||||
500,000 | Laboratory Corp of America Holdings | 2.950 | 12/01/29 | 515,226 | |||||||||||
800,000 | Laboratory Corp of America Holdings | 4.700 | 02/01/45 | 908,209 | |||||||||||
200,000 | Mayo Clinic | 4.000 | 11/15/47 | 230,809 | |||||||||||
200,000 | Mayo Clinic | 4.128 | 11/15/52 | 240,175 | |||||||||||
2,500,000 | h | Mayo Clinic | 3.196 | 11/15/61 | 2,493,858 | ||||||||||
600,000 | McKesson Corp | 2.700 | 12/15/22 | 618,487 | |||||||||||
200,000 | McKesson Corp | 2.850 | 03/15/23 | 207,537 | |||||||||||
1,925,000 | McKesson Corp | 3.796 | 03/15/24 | 2,088,248 | |||||||||||
1,000,000 | McKesson Corp | 0.900 | 12/03/25 | 979,213 | |||||||||||
500,000 | McKesson Corp | 3.950 | 02/16/28 | 558,969 | |||||||||||
300,000 | McKesson Corp | 4.750 | 05/30/29 | 352,043 | |||||||||||
200,000 | McLaren Health Care Corp | 4.386 | 05/15/48 | 236,001 | |||||||||||
1,441,000 | Medtronic, Inc | 3.500 | 03/15/25 | 1,580,508 | |||||||||||
2,777,000 | Medtronic, Inc | 4.375 | 03/15/35 | 3,339,259 | |||||||||||
1,074,000 | Medtronic, Inc | 4.625 | 03/15/45 | 1,354,395 | |||||||||||
500,000 | Memorial Health Services | 3.447 | 11/01/49 | 518,981 | |||||||||||
1,000,000 | Memorial Sloan-Kettering Cancer Center | 2.955 | 01/01/50 | 959,407 | |||||||||||
200,000 | Memorial Sloan-Kettering Cancer Center | 4.125 | 07/01/52 | 234,851 | |||||||||||
500,000 | Memorial Sloan-Kettering Cancer Center | 4.200 | 07/01/55 | 592,815 | |||||||||||
200,000 | Mercy Health | 4.302 | 07/01/28 | 229,350 | |||||||||||
1,000,000 | Methodist Hospital | 2.705 | 12/01/50 | 921,170 | |||||||||||
500,000 | Montefiore Obligated Group | 5.246 | 11/01/48 | 569,954 | |||||||||||
750,000 | Montefiore Obligated Group | 4.287 | 09/01/50 | 765,646 | |||||||||||
100,000 | Mount Sinai Hospitals Group, Inc | 3.981 | 07/01/48 | 106,698 | |||||||||||
600,000 | Mount Sinai Hospitals Group, Inc | 3.737 | 07/01/49 | 621,176 | |||||||||||
895,000 | Mount Sinai Hospitals Group, Inc | 3.391 | 07/01/50 | 873,642 | |||||||||||
1,000,000 | MultiCare Health System | 2.803 | 08/15/50 | 918,667 | |||||||||||
1,000,000 | New York and Presbyterian Hospital | 2.256 | 08/01/40 | 894,907 | |||||||||||
300,000 | New York and Presbyterian Hospital | 4.024 | 08/01/45 | 344,412 | |||||||||||
150,000 | New York and Presbyterian Hospital | 4.063 | 08/01/56 | 173,624 | |||||||||||
1,000,000 | e | New York and Presbyterian Hospital | 2.606 | 08/01/60 | 853,080 | ||||||||||
500,000 | New York and Presbyterian Hospital | 3.954 | 08/01/19 | 533,001 | |||||||||||
140,000 | Northwell Healthcare, Inc | 3.979 | 11/01/46 | 149,141 | |||||||||||
675,000 | Northwell Healthcare, Inc | 4.260 | 11/01/47 | 759,338 | |||||||||||
500,000 | Northwell Healthcare, Inc | 3.809 | 11/01/49 | 522,314 | |||||||||||
1,000,000 | NY Society for Relief of Ruptured & Crippled Maintaining Hosp Special Surgery | 2.667 | 10/01/50 | 893,520 | |||||||||||
350,000 | NYU Hospitals Center | 5.750 | 07/01/43 | 478,363 | |||||||||||
250,000 | NYU Hospitals Center | 4.368 | 07/01/47 | 288,422 | |||||||||||
915,000 | NYU Langone Hospitals | 3.380 | 07/01/55 | 886,876 | |||||||||||
750,000 | OhioHealth Corp | 3.042 | 11/15/50 | 744,134 | |||||||||||
100,000 | Orlando Health Obligated Group | 4.089 | 10/01/48 | 113,923 | |||||||||||
1,000,000 | Orlando Health Obligated Group | 3.327 | 10/01/50 | 1,019,119 | |||||||||||
750,000 | PeaceHealth Obligated Group | 1.375 | 11/15/25 | 748,446 | |||||||||||
200,000 | PeaceHealth Obligated Group | 4.787 | 11/15/48 | 248,925 | |||||||||||
750,000 | PeaceHealth Obligated Group | 3.218 | 11/15/50 | 732,306 | |||||||||||
200,000 | Providence St. Joseph Health Obligated Group | 2.746 | 10/01/26 | 212,690 | |||||||||||
570,000 | Providence St. Joseph Health Obligated Group | 2.532 | 10/01/29 | 579,912 |
50 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 100,000 | Providence St. Joseph Health Obligated Group | 3.744 | % | 10/01/47 | $ | 108,317 | ||||||||||
350,000 | Providence St. Joseph Health Obligated Group | 3.930 | 10/01/48 | 386,425 | |||||||||||||
125,000 | Quest Diagnostics, Inc | 3.500 | 03/30/25 | 135,500 | |||||||||||||
225,000 | Quest Diagnostics, Inc | 3.450 | 06/01/26 | 244,681 | |||||||||||||
500,000 | Quest Diagnostics, Inc | 4.200 | 06/30/29 | 570,954 | |||||||||||||
750,000 | Quest Diagnostics, Inc | 2.950 | 06/30/30 | 775,291 | |||||||||||||
500,000 | Quest Diagnostics, Inc | 2.800 | 06/30/31 | 508,213 | |||||||||||||
300,000 | Quest Diagnostics, Inc | 4.700 | 03/30/45 | 349,068 | |||||||||||||
390,000 | Rush Obligated Group | 3.922 | 11/15/29 | 435,045 | |||||||||||||
200,000 | RWJ Barnabas Health, Inc | 3.949 | 07/01/46 | 216,385 | |||||||||||||
1,000,000 | Sharp HealthCare | 2.680 | 08/01/50 | 902,338 | |||||||||||||
1,000,000 | Smith & Nephew plc | 2.032 | 10/14/30 | 941,705 | |||||||||||||
300,000 | SSM Health Care Corp | 3.688 | 06/01/23 | 317,768 | |||||||||||||
400,000 | SSM Health Care Corp | 3.823 | 06/01/27 | 450,263 | |||||||||||||
500,000 | Stanford Health Care | 3.795 | 11/15/48 | 559,816 | |||||||||||||
1,000,000 | Stryker Corp | 0.600 | 12/01/23 | 1,000,616 | |||||||||||||
475,000 | Stryker Corp | 1.150 | 06/15/25 | 474,279 | |||||||||||||
200,000 | Stryker Corp | 3.375 | 11/01/25 | 217,344 | |||||||||||||
1,600,000 | Stryker Corp | 3.500 | 03/15/26 | 1,755,329 | |||||||||||||
500,000 | Stryker Corp | 3.650 | 03/07/28 | 552,340 | |||||||||||||
600,000 | Stryker Corp | 1.950 | 06/15/30 | 578,987 | |||||||||||||
200,000 | Stryker Corp | 4.100 | 04/01/43 | 223,952 | |||||||||||||
200,000 | Stryker Corp | 4.375 | 05/15/44 | 234,545 | |||||||||||||
550,000 | Stryker Corp | 4.625 | 03/15/46 | 669,901 | |||||||||||||
575,000 | Stryker Corp | 2.900 | 06/15/50 | 542,529 | |||||||||||||
200,000 | Sutter Health | 3.695 | 08/15/28 | 219,107 | |||||||||||||
1,000,000 | Sutter Health | 2.294 | 08/15/30 | 982,324 | |||||||||||||
500,000 | Sutter Health | 3.161 | 08/15/40 | 498,108 | |||||||||||||
200,000 | Sutter Health | 4.091 | 08/15/48 | 221,210 | |||||||||||||
500,000 | Sutter Health | 3.361 | 08/15/50 | 494,782 | |||||||||||||
1,000,000 | Texas Health Resources | 2.328 | 11/15/50 | 818,439 | |||||||||||||
100,000 | Texas Health Resources | 4.330 | 11/15/55 | 120,822 | |||||||||||||
2,000,000 | Trinity Health Corp | 2.632 | 12/01/40 | 1,902,485 | |||||||||||||
300,000 | Trinity Health Corp | 4.125 | 12/01/45 | 347,833 | |||||||||||||
185,000 | Trinity Health Corp | 3.434 | 12/01/48 | 193,698 | |||||||||||||
800,000 | UnitedHealth Group, Inc | 3.350 | 07/15/22 | 830,597 | |||||||||||||
625,000 | UnitedHealth Group, Inc | 2.375 | 10/15/22 | 644,681 | |||||||||||||
325,000 | UnitedHealth Group, Inc | 2.750 | 02/15/23 | 336,868 | |||||||||||||
400,000 | UnitedHealth Group, Inc | 2.875 | 03/15/23 | 418,803 | |||||||||||||
1,650,000 | UnitedHealth Group, Inc | 3.500 | 02/15/24 | 1,786,685 | |||||||||||||
500,000 | UnitedHealth Group, Inc | 3.700 | 12/15/25 | 555,394 | |||||||||||||
1,000,000 | UnitedHealth Group, Inc | 1.250 | 01/15/26 | 999,483 | |||||||||||||
200,000 | UnitedHealth Group, Inc | 3.450 | 01/15/27 | 221,454 | |||||||||||||
300,000 | UnitedHealth Group, Inc | 3.375 | 04/15/27 | 329,207 | |||||||||||||
1,700,000 | UnitedHealth Group, Inc | 2.950 | 10/15/27 | 1,824,797 | |||||||||||||
2,375,000 | UnitedHealth Group, Inc | 3.850 | 06/15/28 | 2,666,208 | |||||||||||||
500,000 | UnitedHealth Group, Inc | 3.875 | 12/15/28 | 563,551 | |||||||||||||
1,000,000 | UnitedHealth Group, Inc | 2.875 | 08/15/29 | 1,058,265 | |||||||||||||
2,200,000 | UnitedHealth Group, Inc | 2.000 | 05/15/30 | 2,164,868 | |||||||||||||
925,000 | UnitedHealth Group, Inc | 4.625 | 07/15/35 | 1,129,330 | |||||||||||||
150,000 | UnitedHealth Group, Inc | 5.800 | 03/15/36 | 203,384 | |||||||||||||
365,000 | UnitedHealth Group, Inc | 6.625 | 11/15/37 | 541,465 | |||||||||||||
200,000 | UnitedHealth Group, Inc | 6.875 | 02/15/38 | 301,287 |
51 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 275,000 | UnitedHealth Group, Inc | 3.500 | % | 08/15/39 | $ | 296,023 | ||||||||||
1,000,000 | UnitedHealth Group, Inc | 2.750 | 05/15/40 | 983,235 | |||||||||||||
300,000 | UnitedHealth Group, Inc | 4.375 | 03/15/42 | 356,911 | |||||||||||||
350,000 | UnitedHealth Group, Inc | 3.950 | 10/15/42 | 401,862 | |||||||||||||
375,000 | UnitedHealth Group, Inc | 4.250 | 03/15/43 | 442,317 | |||||||||||||
1,500,000 | UnitedHealth Group, Inc | 4.750 | 07/15/45 | 1,890,215 | |||||||||||||
800,000 | UnitedHealth Group, Inc | 4.200 | 01/15/47 | 939,443 | |||||||||||||
300,000 | UnitedHealth Group, Inc | 4.250 | 04/15/47 | 352,743 | |||||||||||||
500,000 | UnitedHealth Group, Inc | 3.750 | 10/15/47 | 546,473 | |||||||||||||
1,700,000 | UnitedHealth Group, Inc | 4.250 | 06/15/48 | 2,026,648 | |||||||||||||
1,600,000 | UnitedHealth Group, Inc | 4.450 | 12/15/48 | 1,961,896 | |||||||||||||
1,000,000 | UnitedHealth Group, Inc | 3.700 | 08/15/49 | 1,086,607 | |||||||||||||
1,000,000 | UnitedHealth Group, Inc | 2.900 | 05/15/50 | 957,615 | |||||||||||||
1,250,000 | UnitedHealth Group, Inc | 3.875 | 08/15/59 | 1,395,904 | |||||||||||||
1,000,000 | UnitedHealth Group, Inc | 3.125 | 05/15/60 | 981,688 | |||||||||||||
200,000 | West Virginia United Health System Obligated Group | 3.129 | 06/01/50 | 190,631 | |||||||||||||
500,000 | Willis-Knighton Medical Center | 3.065 | 03/01/51 | 469,443 | |||||||||||||
750,000 | Zimmer Biomet Holdings, Inc | 3.150 | 04/01/22 | 766,059 | |||||||||||||
250,000 | Zimmer Biomet Holdings, Inc | 3.700 | 03/19/23 | 264,416 | |||||||||||||
2,575,000 | Zimmer Biomet Holdings, Inc | 3.550 | 04/01/25 | 2,789,929 | |||||||||||||
225,000 | Zimmer Biomet Holdings, Inc | 3.050 | 01/15/26 | 240,348 | |||||||||||||
1,100,000 | Zimmer Biomet Holdings, Inc | 3.550 | 03/20/30 | 1,176,014 | |||||||||||||
TOTAL HEALTH CARE EQUIPMENT & SERVICES | 263,855,132 | ||||||||||||||||
HOUSEHOLD & PERSONAL PRODUCTS - 0.1% | |||||||||||||||||
100,000 | Church & Dwight Co, Inc | 2.450 | 08/01/22 | 102,442 | |||||||||||||
250,000 | Church & Dwight Co, Inc | 2.875 | 10/01/22 | 258,720 | |||||||||||||
500,000 | Church & Dwight Co, Inc | 3.150 | 08/01/27 | 542,433 | |||||||||||||
100,000 | Church & Dwight Co, Inc | 3.950 | 08/01/47 | 109,516 | |||||||||||||
100,000 | Clorox Co | 3.800 | 11/15/21 | 102,069 | |||||||||||||
100,000 | Clorox Co | 3.050 | 09/15/22 | 103,158 | |||||||||||||
200,000 | Clorox Co | 3.500 | 12/15/24 | 218,870 | |||||||||||||
300,000 | Clorox Co | 3.100 | 10/01/27 | 325,267 | |||||||||||||
500,000 | Clorox Co | 3.900 | 05/15/28 | 559,344 | |||||||||||||
1,000,000 | Clorox Co | 1.800 | 05/15/30 | 951,394 | |||||||||||||
1,100,000 | Colgate-Palmolive Co | 2.250 | 11/15/22 | 1,135,896 | |||||||||||||
200,000 | Colgate-Palmolive Co | 1.950 | 02/01/23 | 205,991 | |||||||||||||
300,000 | Colgate-Palmolive Co | 3.250 | 03/15/24 | 324,490 | |||||||||||||
60,000 | Colgate-Palmolive Co | 6.450 | 06/16/28 | 76,364 | |||||||||||||
300,000 | Colgate-Palmolive Co | 4.000 | 08/15/45 | 354,030 | |||||||||||||
550,000 | Colgate-Palmolive Co | 3.700 | 08/01/47 | 621,551 | |||||||||||||
200,000 | Estee Lauder Cos, Inc | 2.350 | 08/15/22 | 205,234 | |||||||||||||
125,000 | Estee Lauder Cos, Inc | 2.000 | 12/01/24 | 130,165 | |||||||||||||
450,000 | Estee Lauder Cos, Inc | 3.150 | 03/15/27 | 487,162 | |||||||||||||
200,000 | Estee Lauder Cos, Inc | 2.375 | 12/01/29 | 202,453 | |||||||||||||
100,000 | Estee Lauder Cos, Inc | 2.600 | 04/15/30 | 103,036 | |||||||||||||
1,500,000 | Estee Lauder Cos, Inc | 1.950 | 03/15/31 | 1,453,695 | |||||||||||||
100,000 | Estee Lauder Cos, Inc | 6.000 | 05/15/37 | 133,788 | |||||||||||||
300,000 | Estee Lauder Cos, Inc | 4.375 | 06/15/45 | 355,562 | |||||||||||||
375,000 | Estee Lauder Cos, Inc | 4.150 | 03/15/47 | 434,895 | |||||||||||||
700,000 | Estee Lauder Cos, Inc | 3.125 | 12/01/49 | 709,512 | |||||||||||||
125,000 | Kimberly-Clark Corp | 2.400 | 03/01/22 | 127,490 | |||||||||||||
950,000 | Kimberly-Clark Corp | 3.050 | 08/15/25 | 1,024,811 |
52 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 200,000 | Kimberly-Clark Corp | 1.050 | % | 09/15/27 | $ | 194,166 | ||||||||||
412,000 | Kimberly-Clark Corp | 3.950 | 11/01/28 | 468,756 | |||||||||||||
1,500,000 | Kimberly-Clark Corp | 3.200 | 04/25/29 | 1,622,436 | |||||||||||||
200,000 | Kimberly-Clark Corp | 6.625 | 08/01/37 | 298,552 | |||||||||||||
725,000 | Kimberly-Clark Corp | 3.200 | 07/30/46 | 744,830 | |||||||||||||
200,000 | Kimberly-Clark Corp | 3.900 | 05/04/47 | 229,721 | |||||||||||||
300,000 | Kimberly-Clark Corp | 2.875 | 02/07/50 | 294,692 | |||||||||||||
2,400,000 | Procter & Gamble Co | 2.150 | 08/11/22 | 2,458,344 | |||||||||||||
600,000 | Procter & Gamble Co | 3.100 | 08/15/23 | 639,151 | |||||||||||||
2,000,000 | Procter & Gamble Co | 0.550 | 10/29/25 | 1,965,854 | |||||||||||||
750,000 | Procter & Gamble Co | 2.700 | 02/02/26 | 806,710 | |||||||||||||
1,750,000 | Procter & Gamble Co | 2.450 | 11/03/26 | 1,858,212 | |||||||||||||
750,000 | Procter & Gamble Co | 2.850 | 08/11/27 | 813,468 | |||||||||||||
3,000,000 | Procter & Gamble Co | 3.000 | 03/25/30 | 3,229,129 | |||||||||||||
1,150,000 | Procter & Gamble Co | 1.200 | 10/29/30 | 1,064,196 | |||||||||||||
TOTAL HOUSEHOLD & PERSONAL PRODUCTS | 28,047,555 | ||||||||||||||||
INSURANCE - 0.8% | |||||||||||||||||
250,000 | ACE INA Holdings, Inc | 2.700 | 03/13/23 | 260,743 | |||||||||||||
700,000 | ACE INA Holdings, Inc | 3.150 | 03/15/25 | 753,339 | |||||||||||||
2,325,000 | ACE INA Holdings, Inc | 3.350 | 05/03/26 | 2,533,644 | |||||||||||||
150,000 | ACE INA Holdings, Inc | 4.150 | 03/13/43 | 171,248 | |||||||||||||
1,600,000 | ACE INA Holdings, Inc | 4.350 | 11/03/45 | 1,893,077 | |||||||||||||
500,000 | Aegon NV | 5.500 | 04/11/48 | 562,434 | |||||||||||||
1,175,000 | Aetna, Inc | 2.750 | 11/15/22 | 1,210,386 | |||||||||||||
1,125,000 | Aetna, Inc | 2.800 | 06/15/23 | 1,173,497 | |||||||||||||
325,000 | Aetna, Inc | 3.500 | 11/15/24 | 351,000 | |||||||||||||
440,000 | Aetna, Inc | 6.625 | 06/15/36 | 614,108 | |||||||||||||
350,000 | Aetna, Inc | 4.500 | 05/15/42 | 398,756 | |||||||||||||
500,000 | Aetna, Inc | 4.125 | 11/15/42 | 543,509 | |||||||||||||
1,050,000 | Aetna, Inc | 3.875 | 08/15/47 | 1,099,142 | |||||||||||||
600,000 | Aflac, Inc | 3.625 | 06/15/23 | 642,307 | |||||||||||||
525,000 | Aflac, Inc | 3.625 | 11/15/24 | 577,941 | |||||||||||||
2,000,000 | Aflac, Inc | 1.125 | 03/15/26 | 1,983,828 | |||||||||||||
200,000 | Aflac, Inc | 2.875 | 10/15/26 | 214,763 | |||||||||||||
375,000 | Aflac, Inc | 3.600 | 04/01/30 | 410,120 | |||||||||||||
200,000 | Aflac, Inc | 4.000 | 10/15/46 | 217,323 | |||||||||||||
500,000 | Aflac, Inc | 4.750 | 01/15/49 | 619,705 | |||||||||||||
300,000 | Alleghany Corp | 4.950 | 06/27/22 | 315,835 | |||||||||||||
1,000,000 | Alleghany Corp | 3.625 | 05/15/30 | 1,078,251 | |||||||||||||
200,000 | Alleghany Corp | 4.900 | 09/15/44 | 237,329 | |||||||||||||
300,000 | Allied World Assurance Co Holdings Ltd | 4.350 | 10/29/25 | 321,862 | |||||||||||||
1,250,000 | Allstate Corp | 3.150 | 06/15/23 | 1,323,572 | |||||||||||||
1,000,000 | Allstate Corp | 0.750 | 12/15/25 | 982,661 | |||||||||||||
275,000 | Allstate Corp | 3.280 | 12/15/26 | 302,328 | |||||||||||||
1,000,000 | Allstate Corp | 1.450 | 12/15/30 | 915,797 | |||||||||||||
600,000 | Allstate Corp | 4.500 | 06/15/43 | 708,809 | |||||||||||||
975,000 | Allstate Corp | 4.200 | 12/15/46 | 1,122,934 | |||||||||||||
250,000 | Allstate Corp | 3.850 | 08/10/49 | 274,532 | |||||||||||||
200,000 | Allstate Corp | 5.750 | 08/15/53 | 211,500 | |||||||||||||
300,000 | American Financial Group, Inc | 3.500 | 08/15/26 | 325,147 | |||||||||||||
325,000 | American Financial Group, Inc | 5.250 | 04/02/30 | 384,850 | |||||||||||||
400,000 | American Financial Group, Inc | 4.500 | 06/15/47 | 446,533 |
53 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 600,000 | American International Group, Inc | 4.125 | % | 02/15/24 | $ | 656,629 | ||||||||||
3,000,000 | American International Group, Inc | 2.500 | 06/30/25 | 3,147,660 | |||||||||||||
750,000 | American International Group, Inc | 3.750 | 07/10/25 | 818,928 | |||||||||||||
825,000 | American International Group, Inc | 4.200 | 04/01/28 | 926,500 | |||||||||||||
2,600,000 | American International Group, Inc | 4.250 | 03/15/29 | 2,926,454 | |||||||||||||
1,000,000 | American International Group, Inc | 3.400 | 06/30/30 | 1,062,959 | |||||||||||||
1,675,000 | American International Group, Inc | 3.875 | 01/15/35 | 1,821,371 | |||||||||||||
300,000 | American International Group, Inc | 4.700 | 07/10/35 | 352,458 | |||||||||||||
925,000 | American International Group, Inc | 6.250 | 05/01/36 | 1,242,511 | |||||||||||||
725,000 | American International Group, Inc | 4.500 | 07/16/44 | 820,857 | |||||||||||||
300,000 | American International Group, Inc | 4.800 | 07/10/45 | 354,552 | |||||||||||||
1,000,000 | American International Group, Inc | 4.750 | 04/01/48 | 1,190,912 | |||||||||||||
300,000 | American International Group, Inc | 5.750 | 04/01/48 | 334,500 | |||||||||||||
1,000,000 | American International Group, Inc | 4.375 | 06/30/50 | 1,141,497 | |||||||||||||
200,000 | American International Group, Inc | 4.375 | 01/15/55 | 223,187 | |||||||||||||
300,000 | Aon Corp | 2.200 | 11/15/22 | 308,015 | |||||||||||||
200,000 | Aon Corp | 4.500 | 12/15/28 | 229,011 | |||||||||||||
450,000 | Aon Corp | 3.750 | 05/02/29 | 495,136 | |||||||||||||
450,000 | Aon Corp | 2.800 | 05/15/30 | 459,851 | |||||||||||||
200,000 | Aon Corp | 6.250 | 09/30/40 | 273,766 | |||||||||||||
200,000 | Aon plc | 4.000 | 11/27/23 | 215,370 | |||||||||||||
300,000 | Aon plc | 3.500 | 06/14/24 | 322,320 | |||||||||||||
2,450,000 | Aon plc | 3.875 | 12/15/25 | 2,707,268 | |||||||||||||
550,000 | Aon plc | 4.750 | 05/15/45 | 667,462 | |||||||||||||
1,050,000 | Arch Capital Group Ltd | 4.011 | 12/15/26 | 1,183,143 | |||||||||||||
200,000 | Arch Capital Group Ltd | 5.031 | 12/15/46 | 243,955 | |||||||||||||
600,000 | Arch Capital Group Ltd | 3.635 | 06/30/50 | 600,608 | |||||||||||||
300,000 | Arch Capital Group US, Inc | 5.144 | 11/01/43 | 368,267 | |||||||||||||
200,000 | Aspen Insurance Holdings Ltd | 4.650 | 11/15/23 | 218,115 | |||||||||||||
100,000 | Assurant, Inc | 4.000 | 03/15/23 | 106,632 | |||||||||||||
300,000 | Assurant, Inc | 4.200 | 09/27/23 | 324,737 | |||||||||||||
300,000 | Assurant, Inc | 4.900 | 03/27/28 | 341,769 | |||||||||||||
500,000 | Assurant, Inc | 3.700 | 02/22/30 | 531,421 | |||||||||||||
7,000 | Assurant, Inc | 6.750 | 02/15/34 | 8,494 | |||||||||||||
200,000 | Assured Guaranty US Holdings, Inc | 5.000 | 07/01/24 | 225,407 | |||||||||||||
675,000 | Athene Holding Ltd | 4.125 | 01/12/28 | 735,196 | |||||||||||||
500,000 | Athene Holding Ltd | 6.150 | 04/03/30 | 609,503 | |||||||||||||
1,000,000 | Athene Holding Ltd | 3.500 | 01/15/31 | 1,027,588 | |||||||||||||
770,000 | AXA S.A. | 8.600 | 12/15/30 | 1,176,876 | |||||||||||||
300,000 | AXIS Specialty Finance LLC | 3.900 | 07/15/29 | 322,382 | |||||||||||||
250,000 | AXIS Specialty Finance LLC | 4.900 | 01/15/40 | 256,250 | |||||||||||||
200,000 | AXIS Specialty Finance plc | 4.000 | 12/06/27 | 224,020 | |||||||||||||
275,000 | Berkshire Hathaway Finance Corp | 3.000 | 05/15/22 | 283,639 | |||||||||||||
100,000 | Berkshire Hathaway Finance Corp | 1.850 | 03/12/30 | 97,564 | |||||||||||||
1,500,000 | Berkshire Hathaway Finance Corp | 1.450 | 10/15/30 | 1,399,910 | |||||||||||||
300,000 | Berkshire Hathaway Finance Corp | 4.400 | 05/15/42 | 356,476 | |||||||||||||
2,175,000 | Berkshire Hathaway Finance Corp | 4.200 | 08/15/48 | 2,509,627 | |||||||||||||
1,725,000 | Berkshire Hathaway Finance Corp | 4.250 | 01/15/49 | 1,996,994 | |||||||||||||
1,450,000 | Berkshire Hathaway Finance Corp | 2.850 | 10/15/50 | 1,336,453 | |||||||||||||
3,000,000 | Berkshire Hathaway Finance Corp | 2.500 | 01/15/51 | 2,576,545 | |||||||||||||
827,000 | Brighthouse Financial, Inc | 3.700 | 06/22/27 | 874,911 | |||||||||||||
1,000,000 | Brighthouse Financial, Inc | 5.625 | 05/15/30 | 1,171,707 | |||||||||||||
304,000 | Brighthouse Financial, Inc | 4.700 | 06/22/47 | 310,193 | |||||||||||||
500,000 | Brown & Brown, Inc | 4.500 | 03/15/29 | 561,687 |
54 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 1,000,000 | Brown & Brown, Inc | 2.375 | % | 03/15/31 | $ | 961,419 | ||||||||||
450,000 | Chubb Corp | 6.000 | 05/11/37 | 622,912 | |||||||||||||
1,225,000 | Chubb INA Holdings, Inc | 2.875 | 11/03/22 | 1,267,026 | |||||||||||||
1,325,000 | Chubb INA Holdings, Inc | 1.375 | 09/15/30 | 1,209,919 | |||||||||||||
200,000 | Cincinnati Financial Corp | 6.920 | 05/15/28 | 255,031 | |||||||||||||
690,000 | CNA Financial Corp | 3.950 | 05/15/24 | 749,561 | |||||||||||||
200,000 | CNA Financial Corp | 4.500 | 03/01/26 | 225,968 | |||||||||||||
225,000 | CNA Financial Corp | 3.450 | 08/15/27 | 245,168 | |||||||||||||
100,000 | CNA Financial Corp | 3.900 | 05/01/29 | 110,253 | |||||||||||||
1,150,000 | CNA Financial Corp | 2.050 | 08/15/30 | 1,093,102 | |||||||||||||
500,000 | CNO Financial Group, Inc | 5.250 | 05/30/29 | 576,211 | |||||||||||||
200,000 | Enstar Group Ltd | 4.500 | 03/10/22 | 206,040 | |||||||||||||
500,000 | Enstar Group Ltd | 4.950 | 06/01/29 | 558,855 | |||||||||||||
300,000 | Everest Reinsurance Holdings, Inc | 4.868 | 06/01/44 | 355,460 | |||||||||||||
250,000 | Everest Reinsurance Holdings, Inc | 3.500 | 10/15/50 | 241,179 | |||||||||||||
400,000 | Fairfax Financial Holdings Ltd | 4.850 | 04/17/28 | 444,745 | |||||||||||||
500,000 | Fairfax Financial Holdings Ltd | 4.625 | 04/29/30 | 545,697 | |||||||||||||
1,000,000 | g | Fairfax Financial Holdings Ltd | 3.375 | 03/03/31 | 996,234 | ||||||||||||
250,000 | Fidelity National Financial, Inc | 5.500 | 09/01/22 | 266,932 | |||||||||||||
300,000 | Fidelity National Financial, Inc | 4.500 | 08/15/28 | 337,381 | |||||||||||||
1,000,000 | Fidelity National Financial, Inc | 3.400 | 06/15/30 | 1,043,725 | |||||||||||||
500,000 | Fidelity National Financial, Inc | 2.450 | 03/15/31 | 483,519 | |||||||||||||
750,000 | First American Financial Corp | 4.000 | 05/15/30 | 810,753 | |||||||||||||
350,000 | Globe Life, Inc | 2.150 | 08/15/30 | 335,909 | |||||||||||||
200,000 | Hanover Insurance Group, Inc | 4.500 | 04/15/26 | 226,453 | |||||||||||||
1,000,000 | Hanover Insurance Group, Inc | 2.500 | 09/01/30 | 977,832 | |||||||||||||
750,000 | Hartford Financial Services Group, Inc | 2.800 | 08/19/29 | 778,007 | |||||||||||||
400,000 | Hartford Financial Services Group, Inc | 4.300 | 04/15/43 | 449,809 | |||||||||||||
450,000 | Hartford Financial Services Group, Inc | 4.400 | 03/15/48 | 518,041 | |||||||||||||
450,000 | Hartford Financial Services Group, Inc | 3.600 | 08/19/49 | 467,389 | |||||||||||||
200,000 | Kemper Corp | 4.350 | 02/15/25 | 217,492 | |||||||||||||
500,000 | Kemper Corp | 2.400 | 09/30/30 | 480,342 | |||||||||||||
400,000 | Leucadia National Corp | 5.500 | 10/18/23 | 434,335 | |||||||||||||
400,000 | Lincoln National Corp | 4.200 | 03/15/22 | 414,196 | |||||||||||||
625,000 | Lincoln National Corp | 4.000 | 09/01/23 | 675,503 | |||||||||||||
175,000 | Lincoln National Corp | 3.350 | 03/09/25 | 189,376 | |||||||||||||
600,000 | Lincoln National Corp | 3.625 | 12/12/26 | 659,722 | |||||||||||||
1,175,000 | Lincoln National Corp | 3.800 | 03/01/28 | 1,298,524 | |||||||||||||
650,000 | Lincoln National Corp | 3.050 | 01/15/30 | 672,992 | |||||||||||||
500,000 | e | Lincoln National Corp | 3.400 | 01/15/31 | 533,735 | ||||||||||||
150,000 | Lincoln National Corp | 7.000 | 06/15/40 | 215,634 | |||||||||||||
250,000 | Lincoln National Corp | 4.350 | 03/01/48 | 275,976 | |||||||||||||
500,000 | Lincoln National Corp | 4.375 | 06/15/50 | 560,169 | |||||||||||||
200,000 | Loews Corp | 2.625 | 05/15/23 | 207,325 | |||||||||||||
800,000 | Loews Corp | 3.750 | 04/01/26 | 882,767 | |||||||||||||
400,000 | Loews Corp | 3.200 | 05/15/30 | 423,070 | |||||||||||||
200,000 | Loews Corp | 4.125 | 05/15/43 | 215,407 | |||||||||||||
700,000 | Manulife Financial Corp | 4.150 | 03/04/26 | 788,802 | |||||||||||||
1,000,000 | Manulife Financial Corp | 2.484 | 05/19/27 | 1,037,044 | |||||||||||||
1,300,000 | Manulife Financial Corp | 4.061 | 02/24/32 | 1,430,472 | |||||||||||||
200,000 | Manulife Financial Corp | 5.375 | 03/04/46 | 261,904 | |||||||||||||
150,000 | Markel Corp | 4.900 | 07/01/22 | 157,927 | |||||||||||||
600,000 | Markel Corp | 3.500 | 11/01/27 | 658,705 |
55 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 200,000 | Markel Corp | 3.350 | % | 09/17/29 | $ | 212,306 | ||||||||||
150,000 | Markel Corp | 5.000 | 04/05/46 | 182,466 | |||||||||||||
100,000 | Markel Corp | 4.300 | 11/01/47 | 111,609 | |||||||||||||
750,000 | Markel Corp | 5.000 | 05/20/49 | 925,795 | |||||||||||||
200,000 | Markel Corp | 4.150 | 09/17/50 | 219,936 | |||||||||||||
725,000 | Marsh & McLennan Cos, Inc | 3.875 | 03/15/24 | 791,900 | |||||||||||||
2,300,000 | Marsh & McLennan Cos, Inc | 3.500 | 03/10/25 | 2,496,243 | |||||||||||||
1,700,000 | Marsh & McLennan Cos, Inc | 4.375 | 03/15/29 | 1,949,094 | |||||||||||||
450,000 | Marsh & McLennan Cos, Inc | 2.250 | 11/15/30 | 441,841 | |||||||||||||
250,000 | Marsh & McLennan Cos, Inc | 4.750 | 03/15/39 | 308,223 | |||||||||||||
100,000 | Marsh & McLennan Cos, Inc | 4.350 | 01/30/47 | 115,584 | |||||||||||||
300,000 | Marsh & McLennan Cos, Inc | 4.200 | 03/01/48 | 347,434 | |||||||||||||
1,200,000 | Marsh & McLennan Cos, Inc | 4.900 | 03/15/49 | 1,531,939 | |||||||||||||
200,000 | Mercury General Corp | 4.400 | 03/15/27 | 225,677 | |||||||||||||
700,000 | MetLife, Inc | 3.048 | 12/15/22 | 731,553 | |||||||||||||
525,000 | MetLife, Inc | 4.368 | 09/15/23 | 573,533 | |||||||||||||
700,000 | MetLife, Inc | 3.600 | 04/10/24 | 760,550 | |||||||||||||
700,000 | MetLife, Inc | 3.600 | 11/13/25 | 769,415 | |||||||||||||
675,000 | MetLife, Inc | 6.375 | 06/15/34 | 948,833 | |||||||||||||
1,530,000 | MetLife, Inc | 5.700 | 06/15/35 | 2,063,542 | |||||||||||||
130,000 | MetLife, Inc | 5.875 | 02/06/41 | 178,877 | |||||||||||||
450,000 | MetLife, Inc | 4.125 | 08/13/42 | 509,829 | |||||||||||||
750,000 | MetLife, Inc | 4.875 | 11/13/43 | 942,175 | |||||||||||||
500,000 | MetLife, Inc | 4.721 | 12/15/44 | 613,834 | |||||||||||||
800,000 | MetLife, Inc | 4.050 | 03/01/45 | 907,559 | |||||||||||||
1,650,000 | MetLife, Inc | 4.600 | 05/13/46 | 2,011,513 | |||||||||||||
200,000 | Montpelier Re Holdings Ltd | 4.700 | 10/15/22 | 211,886 | |||||||||||||
20,000 | Nationwide Financial Services | 6.750 | 05/15/37 | 23,600 | |||||||||||||
�� | 200,000 | Old Republic International Corp | 4.875 | 10/01/24 | 225,425 | ||||||||||||
100,000 | Old Republic International Corp | 3.875 | 08/26/26 | 111,185 | |||||||||||||
500,000 | PartnerRe Finance B LLC | 3.700 | 07/02/29 | 546,176 | |||||||||||||
500,000 | PartnerRe Finance B LLC | 4.500 | 10/01/50 | 510,150 | |||||||||||||
100,000 | Primerica, Inc | 4.750 | 07/15/22 | 105,106 | |||||||||||||
100,000 | Principal Financial Group, Inc | 3.300 | 09/15/22 | 104,011 | |||||||||||||
150,000 | Principal Financial Group, Inc | 3.125 | 05/15/23 | 158,177 | |||||||||||||
200,000 | Principal Financial Group, Inc | 3.400 | 05/15/25 | 215,839 | |||||||||||||
850,000 | Principal Financial Group, Inc | 3.100 | 11/15/26 | 917,251 | |||||||||||||
100,000 | Principal Financial Group, Inc | 3.700 | 05/15/29 | 109,503 | |||||||||||||
1,000,000 | Principal Financial Group, Inc | 2.125 | 06/15/30 | 961,645 | |||||||||||||
100,000 | Principal Financial Group, Inc | 4.625 | 09/15/42 | 115,296 | |||||||||||||
200,000 | Principal Financial Group, Inc | 4.350 | 05/15/43 | 225,766 | |||||||||||||
300,000 | Principal Financial Group, Inc | 4.300 | 11/15/46 | 341,268 | |||||||||||||
650,000 | Progressive Corp | 2.450 | 01/15/27 | 684,872 | |||||||||||||
250,000 | Progressive Corp | 4.000 | 03/01/29 | 283,498 | |||||||||||||
100,000 | Progressive Corp | 3.200 | 03/26/30 | 107,335 | |||||||||||||
120,000 | Progressive Corp | 6.250 | 12/01/32 | 162,278 | |||||||||||||
300,000 | Progressive Corp | 4.350 | 04/25/44 | 350,426 | |||||||||||||
300,000 | Progressive Corp | 3.700 | 01/26/45 | 318,562 | |||||||||||||
950,000 | Progressive Corp | 4.125 | 04/15/47 | 1,092,060 | |||||||||||||
750,000 | Progressive Corp | 4.200 | 03/15/48 | 873,368 | |||||||||||||
100,000 | Progressive Corp | 3.950 | 03/26/50 | 111,446 | |||||||||||||
891,000 | Prudential Financial, Inc | 4.500 | 11/16/21 | 913,759 | |||||||||||||
200,000 | Prudential Financial, Inc | 1.500 | 03/10/26 | 202,047 | |||||||||||||
300,000 | Prudential Financial, Inc | 3.878 | 03/27/28 | 338,256 |
56 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 500,000 | e | Prudential Financial, Inc | 2.100 | % | 03/10/30 | $ | 495,258 | |||||||||
450,000 | Prudential Financial, Inc | 5.700 | 12/14/36 | 607,404 | |||||||||||||
500,000 | Prudential Financial, Inc | 3.000 | 03/10/40 | 493,789 | |||||||||||||
600,000 | Prudential Financial, Inc | 5.200 | 03/15/44 | 638,901 | |||||||||||||
1,700,000 | Prudential Financial, Inc | 4.600 | 05/15/44 | 2,028,399 | |||||||||||||
200,000 | Prudential Financial, Inc | 5.375 | 05/15/45 | 219,241 | |||||||||||||
2,300,000 | Prudential Financial, Inc | 4.500 | 09/15/47 | 2,463,004 | |||||||||||||
300,000 | Prudential Financial, Inc | 4.418 | 03/27/48 | 347,114 | |||||||||||||
2,400,000 | Prudential Financial, Inc | 5.700 | 09/15/48 | 2,743,856 | |||||||||||||
799,000 | Prudential Financial, Inc | 3.935 | 12/07/49 | 874,684 | |||||||||||||
450,000 | Prudential Financial, Inc | 4.350 | 02/25/50 | 520,852 | |||||||||||||
1,000,000 | Prudential Financial, Inc | 3.700 | 03/13/51 | 1,058,618 | |||||||||||||
200,000 | Prudential plc | 3.125 | 04/14/30 | 210,963 | |||||||||||||
100,000 | Reinsurance Group of America, Inc | 5.000 | 06/01/21 | 100,719 | |||||||||||||
250,000 | Reinsurance Group of America, Inc | 4.700 | 09/15/23 | 273,848 | |||||||||||||
750,000 | Reinsurance Group of America, Inc | 3.900 | 05/15/29 | 822,081 | |||||||||||||
350,000 | Reinsurance Group of America, Inc | 3.150 | 06/15/30 | 362,022 | |||||||||||||
200,000 | RenaissanceRe Finance, Inc | 3.700 | 04/01/25 | 216,150 | |||||||||||||
200,000 | RenaissanceRe Finance, Inc | 3.450 | 07/01/27 | 216,034 | |||||||||||||
300,000 | RenaissanceRe Holdings Ltd | 3.600 | 04/15/29 | 321,115 | |||||||||||||
250,000 | Torchmark Corp | 3.800 | 09/15/22 | 259,836 | |||||||||||||
350,000 | Torchmark Corp | 4.550 | 09/15/28 | 402,349 | |||||||||||||
20,000 | Transatlantic Holdings, Inc | 8.000 | 11/30/39 | 29,566 | |||||||||||||
600,000 | Travelers Cos, Inc | 5.350 | 11/01/40 | 788,834 | |||||||||||||
200,000 | Travelers Cos, Inc | 4.600 | 08/01/43 | 244,914 | |||||||||||||
250,000 | Travelers Cos, Inc | 4.300 | 08/25/45 | 290,199 | |||||||||||||
400,000 | Travelers Cos, Inc | 3.750 | 05/15/46 | 432,568 | |||||||||||||
1,100,000 | Travelers Cos, Inc | 4.000 | 05/30/47 | 1,252,982 | |||||||||||||
500,000 | Travelers Cos, Inc | 4.050 | 03/07/48 | 574,325 | |||||||||||||
900,000 | Travelers Cos, Inc | 4.100 | 03/04/49 | 1,052,136 | |||||||||||||
100,000 | Travelers Cos, Inc | 2.550 | 04/27/50 | 89,379 | |||||||||||||
100,000 | Travelers Property Casualty Corp | 6.375 | 03/15/33 | 139,309 | |||||||||||||
200,000 | Unum Group | 4.000 | 03/15/24 | 217,408 | |||||||||||||
500,000 | Unum Group | 4.000 | 06/15/29 | 541,634 | |||||||||||||
300,000 | Unum Group | 5.750 | 08/15/42 | 350,325 | |||||||||||||
500,000 | Unum Group | 4.500 | 12/15/49 | 501,580 | |||||||||||||
1,000,000 | W R Berkley Corp | 3.550 | 03/30/52 | 1,003,840 | |||||||||||||
425,000 | Willis North America, Inc | 3.600 | 05/15/24 | 458,006 | |||||||||||||
500,000 | Willis North America, Inc | 4.500 | 09/15/28 | 568,603 | |||||||||||||
900,000 | Willis North America, Inc | 2.950 | 09/15/29 | 929,347 | |||||||||||||
300,000 | Willis North America, Inc | 5.050 | 09/15/48 | 371,648 | |||||||||||||
500,000 | Willis North America, Inc | 3.875 | 09/15/49 | 530,587 | |||||||||||||
250,000 | WR Berkley Corp | 4.625 | 03/15/22 | 259,965 | |||||||||||||
200,000 | WR Berkley Corp | 4.750 | 08/01/44 | 232,984 | |||||||||||||
650,000 | WR Berkley Corp | 4.000 | 05/12/50 | 691,100 | |||||||||||||
455,000 | XLIT Ltd | 4.450 | 03/31/25 | 507,272 | |||||||||||||
200,000 | XLIT Ltd | 5.250 | 12/15/43 | 257,023 | |||||||||||||
300,000 | XLIT Ltd | 5.500 | 03/31/45 | 382,082 | |||||||||||||
TOTAL INSURANCE | 159,479,306 | ||||||||||||||||
MATERIALS - 0.7% | |||||||||||||||||
150,000 | Air Products & Chemicals, Inc | 2.750 | 02/03/23 | 156,520 | |||||||||||||
300,000 | Air Products & Chemicals, Inc | 3.350 | 07/31/24 | 323,624 |
57 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 175,000 | Air Products & Chemicals, Inc | 1.500 | % | 10/15/25 | $ | 177,543 | ||||||||||
500,000 | Air Products & Chemicals, Inc | 1.850 | 05/15/27 | 505,739 | |||||||||||||
125,000 | Air Products & Chemicals, Inc | 2.050 | 05/15/30 | 123,032 | |||||||||||||
125,000 | Air Products & Chemicals, Inc | 2.700 | 05/15/40 | 119,564 | |||||||||||||
1,250,000 | Air Products & Chemicals, Inc | 2.800 | 05/15/50 | 1,156,566 | |||||||||||||
200,000 | Albemarle Corp | 4.150 | 12/01/24 | 219,771 | |||||||||||||
500,000 | Amcor Finance USA, Inc | 3.625 | 04/28/26 | 545,937 | |||||||||||||
400,000 | Amcor Finance USA, Inc | 4.500 | 05/15/28 | 457,061 | |||||||||||||
375,000 | AngloGold Ashanti Holdings plc | 3.750 | 10/01/30 | 379,141 | |||||||||||||
300,000 | Avery Dennison Corp | 4.875 | 12/06/28 | 349,599 | |||||||||||||
500,000 | Avery Dennison Corp | 2.650 | 04/30/30 | 502,764 | |||||||||||||
100,000 | Barrick Australian Finance Pty Ltd | 5.950 | 10/15/39 | 131,010 | |||||||||||||
2,250,000 | Barrick Gold Corp | 5.250 | 04/01/42 | 2,785,376 | |||||||||||||
500,000 | Barrick North America Finance LLC | 5.750 | 05/01/43 | 658,580 | |||||||||||||
100,000 | Bemis Co, Inc | 3.100 | 09/15/26 | 106,589 | |||||||||||||
200,000 | Bemis Co, Inc | 2.630 | 06/19/30 | 199,483 | |||||||||||||
625,000 | g | Berry Global, Inc | 0.950 | 02/15/24 | 622,056 | ||||||||||||
1,375,000 | g | Berry Global, Inc | 1.570 | 01/15/26 | 1,353,302 | ||||||||||||
825,000 | BHP Billiton Finance USA Ltd | 4.125 | 02/24/42 | 938,651 | |||||||||||||
1,925,000 | BHP Billiton Finance USA Ltd | 5.000 | 09/30/43 | 2,489,832 | |||||||||||||
200,000 | Cabot Corp | 3.700 | 07/15/22 | 206,057 | |||||||||||||
500,000 | Cabot Corp | 4.000 | 07/01/29 | 526,012 | |||||||||||||
400,000 | Celulosa Arauco y Constitucion S.A. | 4.500 | 08/01/24 | 433,504 | |||||||||||||
375,000 | Celulosa Arauco y Constitucion S.A. | 3.875 | 11/02/27 | 403,822 | |||||||||||||
200,000 | Celulosa Arauco y Constitucion S.A. | 5.500 | 11/02/47 | 232,000 | |||||||||||||
200,000 | Domtar Corp | 4.400 | 04/01/22 | 205,444 | |||||||||||||
1,008,000 | Dow Chemical Co | 3.500 | 10/01/24 | 1,087,440 | |||||||||||||
200,000 | Dow Chemical Co | 4.550 | 11/30/25 | 226,899 | |||||||||||||
750,000 | Dow Chemical Co | 3.625 | 05/15/26 | 823,287 | |||||||||||||
300,000 | Dow Chemical Co | 4.800 | 11/30/28 | 351,824 | |||||||||||||
175,000 | Dow Chemical Co | 7.375 | 11/01/29 | 237,083 | |||||||||||||
1,000,000 | e | Dow Chemical Co | 2.100 | 11/15/30 | 963,904 | ||||||||||||
1,400,000 | Dow Chemical Co | 4.250 | 10/01/34 | 1,549,710 | |||||||||||||
225,000 | Dow Chemical Co | 9.400 | 05/15/39 | 380,495 | |||||||||||||
275,000 | Dow Chemical Co | 5.250 | 11/15/41 | 344,516 | |||||||||||||
1,200,000 | Dow Chemical Co | 4.375 | 11/15/42 | 1,361,873 | |||||||||||||
400,000 | Dow Chemical Co | 4.625 | 10/01/44 | 465,516 | |||||||||||||
825,000 | Dow Chemical Co | 5.550 | 11/30/48 | 1,084,614 | |||||||||||||
750,000 | Dow Chemical Co | 4.800 | 05/15/49 | 896,701 | |||||||||||||
1,000,000 | Dow Chemical Co | 3.600 | 11/15/50 | 1,008,263 | |||||||||||||
2,050,000 | DowDuPont, Inc | 4.205 | 11/15/23 | 2,226,906 | |||||||||||||
1,600,000 | DowDuPont, Inc | 4.493 | 11/15/25 | 1,808,246 | |||||||||||||
2,300,000 | DowDuPont, Inc | 4.725 | 11/15/28 | 2,673,279 | |||||||||||||
150,000 | DowDuPont, Inc | 5.319 | 11/15/38 | 188,417 | |||||||||||||
2,325,000 | DowDuPont, Inc | 5.419 | 11/15/48 | 2,997,062 | |||||||||||||
100,000 | Eastman Chemical Co | 3.500 | 12/01/21 | 102,035 | |||||||||||||
272,000 | Eastman Chemical Co | 3.600 | 08/15/22 | 281,366 | |||||||||||||
727,000 | Eastman Chemical Co | 3.800 | 03/15/25 | 790,187 | |||||||||||||
700,000 | Eastman Chemical Co | 4.500 | 12/01/28 | 801,776 | |||||||||||||
150,000 | Eastman Chemical Co | 4.800 | 09/01/42 | 178,221 | |||||||||||||
525,000 | Eastman Chemical Co | 4.650 | 10/15/44 | 608,288 | |||||||||||||
300,000 | Ecolab, Inc | 2.375 | 08/10/22 | 307,673 | |||||||||||||
200,000 | Ecolab, Inc | 3.250 | 01/14/23 | 208,631 | |||||||||||||
750,000 | Ecolab, Inc | 2.700 | 11/01/26 | 799,030 |
58 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 300,000 | Ecolab, Inc | 3.250 | % | 12/01/27 | $ | 326,268 | ||||||||||
575,000 | Ecolab, Inc | 4.800 | 03/24/30 | 687,829 | |||||||||||||
1,000,000 | Ecolab, Inc | 1.300 | 01/30/31 | 918,643 | |||||||||||||
14,000 | Ecolab, Inc | 5.500 | 12/08/41 | 18,275 | |||||||||||||
710,000 | Ecolab, Inc | 3.950 | 12/01/47 | 797,592 | |||||||||||||
150,000 | Ecolab, Inc | 2.125 | 08/15/50 | 121,916 | |||||||||||||
350,000 | EI du Pont de Nemours and Co | 1.700 | 07/15/25 | 355,830 | |||||||||||||
175,000 | EI du Pont de Nemours and Co | 2.300 | 07/15/30 | 175,278 | |||||||||||||
700,000 | Fibria Overseas Finance Ltd | 5.500 | 01/17/27 | 798,007 | |||||||||||||
100,000 | FMC Corp | 3.950 | 02/01/22 | 102,049 | |||||||||||||
200,000 | FMC Corp | 4.100 | 02/01/24 | 215,916 | |||||||||||||
500,000 | FMC Corp | 3.200 | 10/01/26 | 537,187 | |||||||||||||
500,000 | FMC Corp | 3.450 | 10/01/29 | 526,363 | |||||||||||||
500,000 | FMC Corp | 4.500 | 10/01/49 | 560,547 | |||||||||||||
300,000 | Georgia-Pacific LLC | 8.000 | 01/15/24 | 359,437 | |||||||||||||
750,000 | Georgia-Pacific LLC | 7.750 | 11/15/29 | 1,055,314 | |||||||||||||
600,000 | Huntsman International LLC | 4.500 | 05/01/29 | 664,311 | |||||||||||||
300,000 | International Flavors & Fragrances, Inc | 3.200 | 05/01/23 | 313,815 | |||||||||||||
100,000 | International Flavors & Fragrances, Inc | 4.450 | 09/26/28 | 113,348 | |||||||||||||
200,000 | International Flavors & Fragrances, Inc | 4.375 | 06/01/47 | 224,785 | |||||||||||||
675,000 | International Flavors & Fragrances, Inc | 5.000 | 09/26/48 | 832,035 | |||||||||||||
450,000 | International Paper Co | 6.000 | 11/15/41 | 610,394 | |||||||||||||
525,000 | International Paper Co | 4.800 | 06/15/44 | 628,893 | |||||||||||||
300,000 | International Paper Co | 4.400 | 08/15/47 | 351,049 | |||||||||||||
2,425,000 | International Paper Co | 4.350 | 08/15/48 | 2,802,784 | |||||||||||||
1,000,000 | Kinross Gold Corp | 4.500 | 07/15/27 | 1,126,331 | |||||||||||||
150,000 | Lubrizol Corp | 6.500 | 10/01/34 | 210,852 | |||||||||||||
300,000 | LYB International Finance BV | 4.000 | 07/15/23 | 322,547 | |||||||||||||
1,000,000 | LYB International Finance BV | 3.500 | 03/02/27 | 1,080,748 | |||||||||||||
575,000 | LYB International Finance BV | 5.250 | 07/15/43 | 699,165 | |||||||||||||
550,000 | LYB International Finance BV | 4.875 | 03/15/44 | 635,340 | |||||||||||||
500,000 | LYB International Finance III LLC | 2.875 | 05/01/25 | 527,790 | |||||||||||||
500,000 | LYB International Finance III LLC | 1.250 | 10/01/25 | 493,688 | |||||||||||||
500,000 | LYB International Finance III LLC | 3.375 | 05/01/30 | 530,215 | |||||||||||||
150,000 | LYB International Finance III LLC | 2.250 | 10/01/30 | 144,612 | |||||||||||||
150,000 | LYB International Finance III LLC | 3.375 | 10/01/40 | 148,342 | |||||||||||||
1,000,000 | LYB International Finance III LLC | 4.200 | 10/15/49 | 1,062,545 | |||||||||||||
750,000 | LYB International Finance III LLC | 4.200 | 05/01/50 | 806,275 | |||||||||||||
1,000,000 | LYB International Finance III LLC | 3.625 | 04/01/51 | 985,082 | |||||||||||||
500,000 | LYB International Finance III LLC | 3.800 | 10/01/60 | 488,080 | |||||||||||||
1,300,000 | LyondellBasell Industries NV | 5.750 | 04/15/24 | 1,467,967 | |||||||||||||
475,000 | LyondellBasell Industries NV | 4.625 | 02/26/55 | 528,145 | |||||||||||||
200,000 | Martin Marietta Materials, Inc | 4.250 | 07/02/24 | 219,213 | |||||||||||||
200,000 | Martin Marietta Materials, Inc | 3.450 | 06/01/27 | 218,066 | |||||||||||||
325,000 | Martin Marietta Materials, Inc | 3.500 | 12/15/27 | 355,809 | |||||||||||||
250,000 | Martin Marietta Materials, Inc | 2.500 | 03/15/30 | 248,647 | |||||||||||||
450,000 | Martin Marietta Materials, Inc | 4.250 | 12/15/47 | 497,996 | |||||||||||||
200,000 | Mosaic Co | 3.250 | 11/15/22 | 207,761 | |||||||||||||
1,000,000 | Mosaic Co | 4.250 | 11/15/23 | 1,080,031 | |||||||||||||
800,000 | Mosaic Co | 4.050 | 11/15/27 | 888,029 | |||||||||||||
300,000 | Mosaic Co | 5.450 | 11/15/33 | 360,126 | |||||||||||||
100,000 | Mosaic Co | 4.875 | 11/15/41 | 110,365 | |||||||||||||
600,000 | Mosaic Co | 5.625 | 11/15/43 | 746,620 |
59 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 100,000 | NewMarket Corp | 4.100 | % | 12/15/22 | $ | 105,692 | ||||||||||
1,000,000 | NewMarket Corp | 2.700 | 03/18/31 | 975,567 | |||||||||||||
250,000 | Newmont Corp | 2.250 | 10/01/30 | 243,534 | |||||||||||||
33,000 | Newmont Goldcorp Corp | 3.700 | 03/15/23 | 34,648 | |||||||||||||
1,300,000 | Newmont Goldcorp Corp | 2.800 | 10/01/29 | 1,336,044 | |||||||||||||
298,000 | Newmont Goldcorp Corp | 5.875 | 04/01/35 | 389,786 | |||||||||||||
235,000 | Newmont Goldcorp Corp | 6.250 | 10/01/39 | 322,024 | |||||||||||||
975,000 | Newmont Goldcorp Corp | 4.875 | 03/15/42 | 1,176,701 | |||||||||||||
300,000 | Newmont Goldcorp Corp | 5.450 | 06/09/44 | 389,660 | |||||||||||||
800,000 | Nucor Corp | 4.125 | 09/15/22 | 833,809 | |||||||||||||
275,000 | Nucor Corp | 2.000 | 06/01/25 | 282,122 | |||||||||||||
425,000 | Nucor Corp | 3.950 | 05/01/28 | 473,449 | |||||||||||||
3,150,000 | Nucor Corp | 2.700 | 06/01/30 | 3,217,681 | |||||||||||||
1,000,000 | g | Nucor Corp | 2.979 | 12/15/55 | 904,107 | ||||||||||||
150,000 | Nutrien Ltd | 3.150 | 10/01/22 | 154,816 | |||||||||||||
500,000 | Nutrien Ltd | 1.900 | 05/13/23 | 512,793 | |||||||||||||
200,000 | Nutrien Ltd | 3.500 | 06/01/23 | 210,745 | |||||||||||||
625,000 | Nutrien Ltd | 3.625 | 03/15/24 | 671,353 | |||||||||||||
425,000 | Nutrien Ltd | 3.375 | 03/15/25 | 456,901 | |||||||||||||
200,000 | Nutrien Ltd | 3.000 | 04/01/25 | 212,160 | |||||||||||||
700,000 | Nutrien Ltd | 4.000 | 12/15/26 | 784,551 | |||||||||||||
550,000 | Nutrien Ltd | 4.200 | 04/01/29 | 618,938 | |||||||||||||
500,000 | Nutrien Ltd | 2.950 | 05/13/30 | 517,415 | |||||||||||||
200,000 | Nutrien Ltd | 4.125 | 03/15/35 | 220,608 | |||||||||||||
200,000 | Nutrien Ltd | 5.625 | 12/01/40 | 256,065 | |||||||||||||
100,000 | Nutrien Ltd | 6.125 | 01/15/41 | 134,358 | |||||||||||||
200,000 | Nutrien Ltd | 4.900 | 06/01/43 | 235,521 | |||||||||||||
725,000 | Nutrien Ltd | 5.250 | 01/15/45 | 896,505 | |||||||||||||
1,050,000 | Nutrien Ltd | 5.000 | 04/01/49 | 1,312,368 | |||||||||||||
300,000 | Nutrien Ltd | 3.950 | 05/13/50 | 323,624 | |||||||||||||
500,000 | Owens Corning | 4.200 | 12/01/24 | 551,840 | |||||||||||||
300,000 | Owens Corning | 3.400 | 08/15/26 | 325,527 | |||||||||||||
500,000 | Owens Corning | 3.950 | 08/15/29 | 550,233 | |||||||||||||
300,000 | Owens Corning | 3.875 | 06/01/30 | 327,129 | |||||||||||||
525,000 | Owens Corning | 4.300 | 07/15/47 | 568,203 | |||||||||||||
350,000 | Owens Corning | 4.400 | 01/30/48 | 381,486 | |||||||||||||
250,000 | Packaging Corp of America | 4.500 | 11/01/23 | 272,280 | |||||||||||||
100,000 | Packaging Corp of America | 3.650 | 09/15/24 | 108,706 | |||||||||||||
550,000 | Packaging Corp of America | 3.400 | 12/15/27 | 599,953 | |||||||||||||
100,000 | Packaging Corp of America | 3.000 | 12/15/29 | 104,269 | |||||||||||||
500,000 | Packaging Corp of America | 4.050 | 12/15/49 | 556,169 | |||||||||||||
300,000 | PPG Industries, Inc | 3.200 | 03/15/23 | 313,941 | |||||||||||||
500,000 | PPG Industries, Inc | 2.400 | 08/15/24 | 524,216 | |||||||||||||
250,000 | PPG Industries, Inc | 1.200 | 03/15/26 | 245,013 | |||||||||||||
425,000 | PPG Industries, Inc | 3.750 | 03/15/28 | 474,363 | |||||||||||||
500,000 | PPG Industries, Inc | 2.550 | 06/15/30 | 505,531 | |||||||||||||
250,000 | Praxair, Inc | 2.200 | 08/15/22 | 255,062 | |||||||||||||
300,000 | Praxair, Inc | 2.650 | 02/05/25 | 317,470 | |||||||||||||
1,000,000 | Praxair, Inc | 3.200 | 01/30/26 | 1,088,493 | |||||||||||||
725,000 | Praxair, Inc | 1.100 | 08/10/30 | 659,267 | |||||||||||||
625,000 | Praxair, Inc | 3.550 | 11/07/42 | 671,008 | |||||||||||||
225,000 | Praxair, Inc | 2.000 | 08/10/50 | 177,687 | |||||||||||||
300,000 | Reliance Steel & Aluminum Co | 4.500 | 04/15/23 | 319,945 | |||||||||||||
500,000 | Reliance Steel & Aluminum Co | 1.300 | 08/15/25 | 493,783 |
60 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 500,000 | Reliance Steel & Aluminum Co | 2.150 | % | 08/15/30 | $ | 479,815 | ||||||||||
414,000 | Rio Tinto Alcan, Inc | 6.125 | 12/15/33 | 570,619 | |||||||||||||
3,250,000 | Rio Tinto Finance USA Ltd | 3.750 | 06/15/25 | 3,566,223 | |||||||||||||
350,000 | Rio Tinto Finance USA Ltd | 5.200 | 11/02/40 | 456,604 | |||||||||||||
1,400,000 | Rio Tinto Finance USA plc | 4.125 | 08/21/42 | 1,604,094 | |||||||||||||
200,000 | Rohm & Haas Co | 7.850 | 07/15/29 | 267,269 | |||||||||||||
300,000 | RPM International, Inc | 3.450 | 11/15/22 | 310,541 | |||||||||||||
100,000 | RPM International, Inc | 3.750 | 03/15/27 | 110,055 | |||||||||||||
300,000 | RPM International, Inc | 4.550 | 03/01/29 | 337,520 | |||||||||||||
100,000 | RPM International, Inc | 5.250 | 06/01/45 | 114,720 | |||||||||||||
200,000 | RPM International, Inc | 4.250 | 01/15/48 | 203,613 | |||||||||||||
225,000 | Sherwin-Williams Co | 4.200 | 01/15/22 | 229,562 | |||||||||||||
27,000 | Sherwin-Williams Co | 2.750 | 06/01/22 | 27,604 | |||||||||||||
200,000 | Sherwin-Williams Co | 3.450 | 08/01/25 | 217,277 | |||||||||||||
200,000 | Sherwin-Williams Co | 3.950 | 01/15/26 | 222,400 | |||||||||||||
925,000 | Sherwin-Williams Co | 3.450 | 06/01/27 | 1,009,525 | |||||||||||||
500,000 | Sherwin-Williams Co | 2.950 | 08/15/29 | 520,707 | |||||||||||||
500,000 | Sherwin-Williams Co | 2.300 | 05/15/30 | 492,436 | |||||||||||||
200,000 | Sherwin-Williams Co | 4.000 | 12/15/42 | 214,677 | |||||||||||||
900,000 | Sherwin-Williams Co | 4.500 | 06/01/47 | 1,051,399 | |||||||||||||
900,000 | Sherwin-Williams Co | 3.800 | 08/15/49 | 953,606 | |||||||||||||
500,000 | Sherwin-Williams Co | 3.300 | 05/15/50 | 493,411 | |||||||||||||
750,000 | Sonoco Products Co | 3.125 | 05/01/30 | 774,478 | |||||||||||||
150,000 | Sonoco Products Co | 5.750 | 11/01/40 | 185,012 | |||||||||||||
300,000 | Southern Copper Corp | 3.875 | 04/23/25 | 329,390 | |||||||||||||
100,000 | Southern Copper Corp | 7.500 | 07/27/35 | 141,826 | |||||||||||||
1,180,000 | Southern Copper Corp | 6.750 | 04/16/40 | 1,623,653 | |||||||||||||
1,500,000 | Southern Copper Corp | 5.875 | 04/23/45 | 1,962,286 | |||||||||||||
250,000 | Steel Dynamics, Inc | 2.800 | 12/15/24 | 264,373 | |||||||||||||
100,000 | Steel Dynamics, Inc | 2.400 | 06/15/25 | 104,225 | |||||||||||||
1,000,000 | Steel Dynamics, Inc | 1.650 | 10/15/27 | 979,078 | |||||||||||||
750,000 | Steel Dynamics, Inc | 3.450 | 04/15/30 | 800,649 | |||||||||||||
100,000 | Steel Dynamics, Inc | 3.250 | 01/15/31 | 105,833 | |||||||||||||
500,000 | Steel Dynamics, Inc | 3.250 | 10/15/50 | 466,581 | |||||||||||||
1,900,000 | Suzano Austria GmbH | 6.000 | 01/15/29 | 2,234,875 | |||||||||||||
1,000,000 | Suzano Austria GmbH | 3.750 | 01/15/31 | 1,028,770 | |||||||||||||
1,675,000 | Teck Resources Ltd | 6.250 | 07/15/41 | 2,061,574 | |||||||||||||
750,000 | Vulcan Materials Co | 4.500 | 04/01/25 | 838,877 | |||||||||||||
100,000 | Vulcan Materials Co | 3.900 | 04/01/27 | 112,177 | |||||||||||||
275,000 | Vulcan Materials Co | 3.500 | 06/01/30 | 294,869 | |||||||||||||
475,000 | Vulcan Materials Co | 4.500 | 06/15/47 | 537,539 | |||||||||||||
200,000 | Vulcan Materials Co | 4.700 | 03/01/48 | 235,145 | |||||||||||||
500,000 | Westlake Chemical Corp | 3.600 | 08/15/26 | 540,462 | |||||||||||||
1,000,000 | Westlake Chemical Corp | 3.375 | 06/15/30 | 1,034,381 | |||||||||||||
500,000 | Westlake Chemical Corp | 5.000 | 08/15/46 | 586,577 | |||||||||||||
200,000 | Westlake Chemical Corp | 4.375 | 11/15/47 | 216,970 | |||||||||||||
500,000 | WestRock RKT LLC | 4.900 | 03/01/22 | 519,508 | |||||||||||||
500,000 | WestRock RKT LLC | 4.000 | 03/01/23 | 526,533 | |||||||||||||
250,000 | WRKCo, Inc | 3.000 | 09/15/24 | 265,633 | |||||||||||||
425,000 | WRKCo, Inc | 3.750 | 03/15/25 | 463,774 | |||||||||||||
525,000 | WRKCo, Inc | 4.650 | 03/15/26 | 595,805 | |||||||||||||
300,000 | WRKCo, Inc | 3.375 | 09/15/27 | 326,525 | |||||||||||||
325,000 | WRKCo, Inc | 4.000 | 03/15/28 | 360,054 |
61 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 240,000 | WRKCo, Inc | 3.900 | % | 06/01/28 | $ | 263,968 | ||||||||||
950,000 | WRKCo, Inc | 4.900 | 03/15/29 | 1,109,206 | |||||||||||||
685,000 | WRKCo, Inc | 4.200 | 06/01/32 | 768,760 | |||||||||||||
400,000 | WRKCo, Inc | 3.000 | 06/15/33 | 405,274 | |||||||||||||
171,000 | Yamana Gold, Inc | 4.625 | 12/15/27 | 187,109 | |||||||||||||
TOTAL MATERIALS | 136,650,618 | ||||||||||||||||
MEDIA & ENTERTAINMENT - 1.2% | |||||||||||||||||
475,000 | Activision Blizzard, Inc | 3.400 | 09/15/26 | 519,206 | |||||||||||||
300,000 | Activision Blizzard, Inc | 3.400 | 06/15/27 | 327,985 | |||||||||||||
250,000 | Activision Blizzard, Inc | 1.350 | 09/15/30 | 225,847 | |||||||||||||
300,000 | Activision Blizzard, Inc | 4.500 | 06/15/47 | 353,239 | |||||||||||||
1,100,000 | Activision Blizzard, Inc | 2.500 | 09/15/50 | 923,098 | |||||||||||||
150,000 | Agree LP | 2.900 | 10/01/30 | 151,077 | |||||||||||||
875,000 | Alphabet, Inc | 3.375 | 02/25/24 | 948,752 | |||||||||||||
675,000 | Alphabet, Inc | 0.450 | 08/15/25 | 663,705 | |||||||||||||
1,250,000 | Alphabet, Inc | 1.998 | 08/15/26 | 1,301,399 | |||||||||||||
1,000,000 | Alphabet, Inc | 0.800 | 08/15/27 | 957,512 | |||||||||||||
850,000 | Alphabet, Inc | 1.100 | 08/15/30 | 781,334 | |||||||||||||
1,000,000 | Alphabet, Inc | 1.900 | 08/15/40 | 863,947 | |||||||||||||
2,800,000 | Alphabet, Inc | 2.050 | 08/15/50 | 2,315,418 | |||||||||||||
1,100,000 | Alphabet, Inc | 2.250 | 08/15/60 | 897,643 | |||||||||||||
1,000,000 | American Assets Trust LP | 3.375 | 02/01/31 | 982,627 | |||||||||||||
750,000 | g | Blackstone | 3.650 | 07/14/23 | 782,003 | ||||||||||||
750,000 | g | Blackstone | 3.625 | 01/15/26 | 775,597 | ||||||||||||
1,000,000 | g | Blackstone Secured Lending Fund | 2.750 | 09/16/26 | 993,560 | ||||||||||||
1,000,000 | Brown University in Providence in the State of Rhode Island and Providence Plant | 2.924 | 09/01/50 | 1,016,290 | |||||||||||||
1,135,000 | Charter Communications Operating LLC | 4.464 | 07/23/22 | 1,183,753 | |||||||||||||
225,000 | Charter Communications Operating LLC | 4.500 | 02/01/24 | 246,092 | |||||||||||||
3,650,000 | Charter Communications Operating LLC | 4.908 | 07/23/25 | 4,137,811 | |||||||||||||
950,000 | Charter Communications Operating LLC | 3.750 | 02/15/28 | 1,028,735 | |||||||||||||
2,750,000 | Charter Communications Operating LLC | 4.200 | 03/15/28 | 3,031,288 | |||||||||||||
2,000,000 | Charter Communications Operating LLC | 2.800 | 04/01/31 | 1,973,777 | |||||||||||||
1,500,000 | Charter Communications Operating LLC | 2.300 | 02/01/32 | 1,394,130 | |||||||||||||
750,000 | Charter Communications Operating LLC | 6.384 | 10/23/35 | 971,244 | |||||||||||||
1,500,000 | Charter Communications Operating LLC | 5.375 | 04/01/38 | 1,767,974 | |||||||||||||
1,500,000 | Charter Communications Operating LLC | 3.500 | 06/01/41 | 1,422,574 | |||||||||||||
1,550,000 | Charter Communications Operating LLC | 6.484 | 10/23/45 | 2,018,118 | |||||||||||||
1,400,000 | Charter Communications Operating LLC | 5.375 | 05/01/47 | 1,625,123 | |||||||||||||
1,375,000 | Charter Communications Operating LLC | 5.750 | 04/01/48 | 1,671,639 | |||||||||||||
1,600,000 | Charter Communications Operating LLC | 5.125 | 07/01/49 | 1,800,114 | |||||||||||||
2,500,000 | Charter Communications Operating LLC | 4.800 | 03/01/50 | 2,681,788 | |||||||||||||
2,500,000 | Charter Communications Operating LLC | 3.700 | 04/01/51 | 2,338,261 | |||||||||||||
1,500,000 | Charter Communications Operating LLC | 3.900 | 06/01/52 | 1,440,180 | |||||||||||||
2,000,000 | Charter Communications Operating LLC | 3.850 | 04/01/61 | 1,833,500 | |||||||||||||
1,000,000 | Children’s Health System of Texas | 2.511 | 08/15/50 | 880,573 | |||||||||||||
250,000 | Comcast Cable Communications Holdings, Inc | 9.455 | 11/15/22 | 286,659 | |||||||||||||
850,000 | Comcast Corp | 3.000 | 02/01/24 | 907,077 | |||||||||||||
325,000 | Comcast Corp | 3.600 | 03/01/24 | 353,574 | |||||||||||||
2,025,000 | Comcast Corp | 3.700 | 04/15/24 | 2,211,559 | |||||||||||||
850,000 | Comcast Corp | 3.375 | 02/15/25 | 924,873 | |||||||||||||
2,500,000 | Comcast Corp | 3.100 | 04/01/25 | 2,700,468 | |||||||||||||
350,000 | Comcast Corp | 3.375 | 08/15/25 | 381,125 |
62 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 1,550,000 | Comcast Corp | 3.950 | % | 10/15/25 | $ | 1,731,567 | ||||||||||
1,950,000 | Comcast Corp | 3.150 | 03/01/26 | 2,116,824 | |||||||||||||
1,025,000 | Comcast Corp | 2.350 | 01/15/27 | 1,069,940 | |||||||||||||
1,450,000 | Comcast Corp | 3.300 | 02/01/27 | 1,582,166 | |||||||||||||
900,000 | Comcast Corp | 3.150 | 02/15/28 | 971,033 | |||||||||||||
2,675,000 | Comcast Corp | 4.150 | 10/15/28 | 3,061,357 | |||||||||||||
3,300,000 | Comcast Corp | 4.250 | 10/15/30 | 3,791,799 | |||||||||||||
1,950,000 | Comcast Corp | 1.950 | 01/15/31 | 1,878,051 | |||||||||||||
3,850,000 | Comcast Corp | 1.500 | 02/15/31 | 3,571,873 | |||||||||||||
1,925,000 | Comcast Corp | 4.250 | 01/15/33 | 2,222,636 | |||||||||||||
150,000 | Comcast Corp | 7.050 | 03/15/33 | 214,029 | |||||||||||||
200,000 | Comcast Corp | 4.200 | 08/15/34 | 229,010 | |||||||||||||
500,000 | Comcast Corp | 4.400 | 08/15/35 | 584,731 | |||||||||||||
175,000 | Comcast Corp | 6.500 | 11/15/35 | 247,463 | |||||||||||||
3,475,000 | Comcast Corp | 3.200 | 07/15/36 | 3,623,943 | |||||||||||||
175,000 | Comcast Corp | 6.950 | 08/15/37 | 260,391 | |||||||||||||
3,150,000 | Comcast Corp | 3.900 | 03/01/38 | 3,538,106 | |||||||||||||
1,425,000 | Comcast Corp | 4.600 | 10/15/38 | 1,720,101 | |||||||||||||
1,000,000 | Comcast Corp | 3.250 | 11/01/39 | 1,030,144 | |||||||||||||
3,800,000 | Comcast Corp | 3.750 | 04/01/40 | 4,169,376 | |||||||||||||
150,000 | Comcast Corp | 4.650 | 07/15/42 | 181,258 | |||||||||||||
175,000 | Comcast Corp | 4.750 | 03/01/44 | 215,082 | |||||||||||||
1,125,000 | Comcast Corp | 4.600 | 08/15/45 | 1,360,101 | |||||||||||||
1,275,000 | Comcast Corp | 3.400 | 07/15/46 | 1,318,414 | |||||||||||||
631,000 | Comcast Corp | 3.969 | 11/01/47 | 704,623 | |||||||||||||
1,500,000 | Comcast Corp | 4.000 | 03/01/48 | 1,676,415 | |||||||||||||
2,625,000 | Comcast Corp | 4.700 | 10/15/48 | 3,243,565 | |||||||||||||
1,407,000 | Comcast Corp | 3.999 | 11/01/49 | 1,578,625 | |||||||||||||
2,525,000 | Comcast Corp | 3.450 | 02/01/50 | 2,608,486 | |||||||||||||
425,000 | Comcast Corp | 2.800 | 01/15/51 | 389,687 | |||||||||||||
1,050,000 | Comcast Corp | 2.450 | 08/15/52 | 897,802 | |||||||||||||
3,600,000 | Comcast Corp | 4.950 | 10/15/58 | 4,710,098 | |||||||||||||
850,000 | Comcast Corp | 2.650 | 08/15/62 | 721,185 | |||||||||||||
485,000 | Cottage Health Obligated Group | 3.304 | 11/01/49 | 494,714 | |||||||||||||
750,000 | DH Europe Finance II Sarl | 2.050 | 11/15/22 | 769,011 | |||||||||||||
750,000 | DH Europe Finance II Sarl | 2.200 | 11/15/24 | 781,667 | |||||||||||||
300,000 | DH Europe Finance II Sarl | 2.600 | 11/15/29 | 306,644 | |||||||||||||
550,000 | DH Europe Finance II Sarl | 3.250 | 11/15/39 | 560,807 | |||||||||||||
1,000,000 | DH Europe Finance II Sarl | 3.400 | 11/15/49 | 1,012,486 | |||||||||||||
237,000 | Discovery Communications LLC | 2.950 | 03/20/23 | 247,610 | |||||||||||||
300,000 | Discovery Communications LLC | 3.800 | 03/13/24 | 323,079 | |||||||||||||
200,000 | Discovery Communications LLC | 3.900 | 11/15/24 | 218,829 | |||||||||||||
350,000 | Discovery Communications LLC | 3.450 | 03/15/25 | 375,715 | |||||||||||||
200,000 | Discovery Communications LLC | 3.950 | 06/15/25 | 218,946 | |||||||||||||
500,000 | Discovery Communications LLC | 4.900 | 03/11/26 | 569,765 | |||||||||||||
2,275,000 | Discovery Communications LLC | 3.950 | 03/20/28 | 2,485,101 | |||||||||||||
1,000,000 | Discovery Communications LLC | 4.125 | 05/15/29 | 1,104,497 | |||||||||||||
250,000 | Discovery Communications LLC | 3.625 | 05/15/30 | 267,532 | |||||||||||||
1,400,000 | Discovery Communications LLC | 5.200 | 09/20/47 | 1,659,793 | |||||||||||||
1,400,000 | Discovery Communications LLC | 5.300 | 05/15/49 | 1,675,151 | |||||||||||||
500,000 | Discovery Communications LLC | 4.650 | 05/15/50 | 551,353 | |||||||||||||
1,175,000 | g | Discovery Communications LLC | 4.000 | 09/15/55 | 1,156,570 | ||||||||||||
1,000,000 | Electronic Arts, Inc | 1.850 | 02/15/31 | 942,945 |
63 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 1,000,000 | Electronic Arts, Inc | 2.950 | % | 02/15/51 | $ | 923,699 | ||||||||||
500,000 | Fox Corp | 4.030 | 01/25/24 | 543,112 | |||||||||||||
500,000 | Fox Corp | 3.050 | 04/07/25 | 531,808 | |||||||||||||
2,250,000 | Fox Corp | 4.709 | 01/25/29 | 2,589,908 | |||||||||||||
500,000 | Fox Corp | 3.500 | 04/08/30 | 531,949 | |||||||||||||
1,500,000 | Fox Corp | 5.476 | 01/25/39 | 1,871,168 | |||||||||||||
650,000 | Fox Corp | 5.576 | 01/25/49 | 828,628 | |||||||||||||
500,000 | g | GE Capital Funding LLC | 3.450 | 05/15/25 | 540,590 | ||||||||||||
500,000 | g | GE Capital Funding LLC | 4.050 | 05/15/27 | 557,132 | ||||||||||||
3,500,000 | g | GE Capital Funding LLC | 4.400 | 05/15/30 | 3,962,534 | ||||||||||||
3,000,000 | g | GE Capital Funding LLC | 4.550 | 05/15/32 | 3,439,652 | ||||||||||||
550,000 | Grupo Televisa SAB | 6.625 | 03/18/25 | 651,686 | |||||||||||||
200,000 | Grupo Televisa SAB | 4.625 | 01/30/26 | 224,170 | |||||||||||||
1,100,000 | Grupo Televisa SAB | 5.000 | 05/13/45 | 1,207,657 | |||||||||||||
700,000 | Grupo Televisa SAB | 6.125 | 01/31/46 | 886,343 | |||||||||||||
500,000 | e | Grupo Televisa SAB | 5.250 | 05/24/49 | 571,362 | ||||||||||||
450,000 | Interpublic Group of Cos, Inc | 3.750 | 10/01/21 | 457,519 | |||||||||||||
100,000 | Interpublic Group of Cos, Inc | 4.200 | 04/15/24 | 109,857 | |||||||||||||
350,000 | Interpublic Group of Cos, Inc | 4.650 | 10/01/28 | 402,402 | |||||||||||||
500,000 | Interpublic Group of Cos, Inc | 4.750 | 03/30/30 | 578,292 | |||||||||||||
1,000,000 | Interpublic Group of Cos, Inc | 2.400 | 03/01/31 | 980,866 | |||||||||||||
1,000,000 | Interpublic Group of Cos, Inc | 3.375 | 03/01/41 | 971,910 | |||||||||||||
400,000 | Interpublic Group of Cos, Inc | 5.400 | 10/01/48 | 492,699 | |||||||||||||
445,000 | Iowa Health System | 3.665 | 02/15/50 | 473,280 | |||||||||||||
135,000 | MedStar Health, Inc | 3.626 | 08/15/49 | 138,135 | |||||||||||||
1,425,000 | NBC Universal Media LLC | 4.450 | 01/15/43 | 1,683,001 | |||||||||||||
700,000 | Omnicom Group, Inc | 3.625 | 05/01/22 | 724,105 | |||||||||||||
425,000 | Omnicom Group, Inc | 3.650 | 11/01/24 | 462,050 | |||||||||||||
1,050,000 | Omnicom Group, Inc | 3.600 | 04/15/26 | 1,150,622 | |||||||||||||
750,000 | Omnicom Group, Inc | 2.450 | 04/30/30 | 741,913 | |||||||||||||
325,000 | Omnicom Group, Inc | 4.200 | 06/01/30 | 365,741 | |||||||||||||
1,000,000 | Rexford Industrial Realty LP | 2.125 | 12/01/30 | 934,613 | |||||||||||||
750,000 | Schlumberger Finance Canada Ltd | 1.400 | 09/17/25 | 750,637 | |||||||||||||
500,000 | Spectrum Health System Obligated Group | 3.487 | 07/15/49 | 514,389 | |||||||||||||
1,000,000 | h | STERIS Irish FinCo UnLtd Co | 2.700 | 03/15/31 | 992,503 | ||||||||||||
1,000,000 | h | STERIS Irish FinCo UnLtd Co | 3.750 | 03/15/51 | 1,007,350 | ||||||||||||
500,000 | Tencent Music Entertainment Group | 1.375 | 09/03/25 | 489,640 | |||||||||||||
750,000 | Tencent Music Entertainment Group | 2.000 | 09/03/30 | 698,454 | |||||||||||||
1,075,000 | Time Warner Cable LLC | 6.550 | 05/01/37 | 1,413,620 | |||||||||||||
400,000 | Time Warner Cable LLC | 7.300 | 07/01/38 | 555,600 | |||||||||||||
500,000 | Time Warner Cable LLC | 6.750 | 06/15/39 | 669,893 | |||||||||||||
890,000 | Time Warner Cable LLC | 5.875 | 11/15/40 | 1,105,241 | |||||||||||||
475,000 | Time Warner Cable LLC | 5.500 | 09/01/41 | 562,191 | |||||||||||||
2,875,000 | Time Warner Cable LLC | 4.500 | 09/15/42 | 3,072,829 | |||||||||||||
325,000 | Time Warner Entertainment Co LP | 8.375 | 03/15/23 | 372,571 | |||||||||||||
300,000 | Time Warner Entertainment Co LP | 8.375 | 07/15/33 | 434,194 | |||||||||||||
200,000 | Toledo Hospital | 5.325 | 11/15/28 | 230,630 | |||||||||||||
450,000 | Toledo Hospital | 5.750 | 11/15/38 | 526,329 | |||||||||||||
200,000 | Toledo Hospital | 6.015 | 11/15/48 | 241,619 | |||||||||||||
2,248,000 | ViacomCBS, Inc | 3.875 | 04/01/24 | 2,421,197 | |||||||||||||
200,000 | ViacomCBS, Inc | 3.700 | 08/15/24 | 216,849 | |||||||||||||
300,000 | ViacomCBS, Inc | 3.500 | 01/15/25 | 322,033 | |||||||||||||
800,000 | ViacomCBS, Inc | 4.000 | 01/15/26 | 881,218 | |||||||||||||
650,000 | ViacomCBS, Inc | 2.900 | 01/15/27 | 683,219 |
64 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 200,000 | ViacomCBS, Inc | 3.375 | % | 02/15/28 | $ | 212,538 | ||||||||||
1,300,000 | ViacomCBS, Inc | 3.700 | 06/01/28 | 1,406,519 | |||||||||||||
500,000 | ViacomCBS, Inc | 4.200 | 06/01/29 | 555,827 | |||||||||||||
500,000 | ViacomCBS, Inc | 7.875 | 07/30/30 | 696,754 | |||||||||||||
500,000 | ViacomCBS, Inc | 4.950 | 01/15/31 | 589,687 | |||||||||||||
1,500,000 | ViacomCBS, Inc | 4.200 | 05/19/32 | 1,676,706 | |||||||||||||
150,000 | ViacomCBS, Inc | 6.875 | 04/30/36 | 206,728 | |||||||||||||
200,000 | ViacomCBS, Inc | 4.850 | 07/01/42 | 228,651 | |||||||||||||
2,179,000 | ViacomCBS, Inc | 4.375 | 03/15/43 | 2,351,282 | |||||||||||||
625,000 | ViacomCBS, Inc | 5.850 | 09/01/43 | 798,255 | |||||||||||||
200,000 | ViacomCBS, Inc | 4.900 | 08/15/44 | 231,523 | |||||||||||||
800,000 | ViacomCBS, Inc | 4.600 | 01/15/45 | 895,952 | |||||||||||||
1,000,000 | ViacomCBS, Inc | 4.950 | 05/19/50 | 1,172,156 | |||||||||||||
100,000 | Walt Disney Co | 2.450 | 03/04/22 | 102,007 | |||||||||||||
750,000 | Walt Disney Co | 1.750 | 08/30/24 | 774,517 | |||||||||||||
1,000,000 | Walt Disney Co | 3.350 | 03/24/25 | 1,082,433 | |||||||||||||
875,000 | Walt Disney Co | 3.150 | 09/17/25 | 946,216 | |||||||||||||
700,000 | Walt Disney Co | 3.700 | 10/15/25 | 771,805 | |||||||||||||
3,000,000 | Walt Disney Co | 1.750 | 01/13/26 | 3,068,453 | |||||||||||||
500,000 | Walt Disney Co | 3.000 | 02/13/26 | 537,965 | |||||||||||||
475,000 | Walt Disney Co | 1.850 | 07/30/26 | 485,721 | |||||||||||||
1,500,000 | e | Walt Disney Co | 2.950 | 06/15/27 | 1,608,223 | ||||||||||||
3,000,000 | Walt Disney Co | 2.200 | 01/13/28 | 3,065,496 | |||||||||||||
425,000 | Walt Disney Co | 2.000 | 09/01/29 | 419,736 | |||||||||||||
500,000 | Walt Disney Co | 3.800 | 03/22/30 | 557,304 | |||||||||||||
1,000,000 | Walt Disney Co | 2.650 | 01/13/31 | 1,020,735 | |||||||||||||
229,000 | Walt Disney Co | 6.400 | 12/15/35 | 322,390 | |||||||||||||
325,000 | Walt Disney Co | 6.650 | 11/15/37 | 475,969 | |||||||||||||
1,000,000 | Walt Disney Co | 3.500 | 05/13/40 | 1,057,390 | |||||||||||||
1,425,000 | Walt Disney Co | 6.150 | 02/15/41 | 2,066,751 | |||||||||||||
100,000 | Walt Disney Co | 4.375 | 08/16/41 | 116,997 | |||||||||||||
200,000 | Walt Disney Co | 3.700 | 12/01/42 | 216,587 | |||||||||||||
225,000 | Walt Disney Co | 5.400 | 10/01/43 | 299,120 | |||||||||||||
1,275,000 | Walt Disney Co | 4.125 | 06/01/44 | 1,448,938 | |||||||||||||
500,000 | Walt Disney Co | 4.750 | 09/15/44 | 621,020 | |||||||||||||
300,000 | Walt Disney Co | 4.950 | 10/15/45 | 380,222 | |||||||||||||
100,000 | Walt Disney Co | 3.000 | 07/30/46 | 96,278 | |||||||||||||
700,000 | Walt Disney Co | 4.750 | 11/15/46 | 876,126 | |||||||||||||
1,600,000 | Walt Disney Co | 2.750 | 09/01/49 | 1,464,873 | |||||||||||||
3,625,000 | Walt Disney Co | 4.700 | 03/23/50 | 4,542,776 | |||||||||||||
2,000,000 | Walt Disney Co | 3.600 | 01/13/51 | 2,128,028 | |||||||||||||
1,000,000 | Walt Disney Co | 3.800 | 05/13/60 | 1,100,625 | |||||||||||||
375,000 | Weibo Corp | 3.500 | 07/05/24 | 395,124 | |||||||||||||
900,000 | Weibo Corp | 3.375 | 07/08/30 | 895,321 | |||||||||||||
300,000 | WPP Finance 2010 | 3.625 | 09/07/22 | 312,795 | |||||||||||||
1,500,000 | WPP Finance 2010 | 3.750 | 09/19/24 | 1,633,054 | |||||||||||||
TOTAL MEDIA & ENTERTAINMENT | 224,538,526 | ||||||||||||||||
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 1.5% | |||||||||||||||||
3,000,000 | AbbVie, Inc | 2.150 | 11/19/21 | 3,033,778 | |||||||||||||
3,500,000 | AbbVie, Inc | 3.450 | 03/15/22 | 3,580,658 | |||||||||||||
175,000 | AbbVie, Inc | 3.250 | 10/01/22 | 181,007 |
65 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 625,000 | AbbVie, Inc | 2.900 | % | 11/06/22 | $ | 648,194 | ||||||||||
2,275,000 | AbbVie, Inc | 3.200 | 11/06/22 | 2,360,551 | |||||||||||||
850,000 | AbbVie, Inc | 2.850 | 05/14/23 | 886,618 | |||||||||||||
1,850,000 | AbbVie, Inc | 3.750 | 11/14/23 | 1,992,578 | |||||||||||||
2,350,000 | AbbVie, Inc | 3.800 | 03/15/25 | 2,567,468 | |||||||||||||
1,575,000 | AbbVie, Inc | 3.600 | 05/14/25 | 1,715,846 | |||||||||||||
4,150,000 | AbbVie, Inc | 3.200 | 05/14/26 | 4,483,309 | |||||||||||||
1,000,000 | AbbVie, Inc | 2.950 | 11/21/26 | 1,064,681 | |||||||||||||
675,000 | AbbVie, Inc | 4.250 | 11/14/28 | 769,180 | |||||||||||||
3,750,000 | AbbVie, Inc | 3.200 | 11/21/29 | 3,989,145 | |||||||||||||
2,250,000 | AbbVie, Inc | 4.550 | 03/15/35 | 2,612,881 | |||||||||||||
1,925,000 | AbbVie, Inc | 4.500 | 05/14/35 | 2,260,300 | |||||||||||||
675,000 | AbbVie, Inc | 4.300 | 05/14/36 | 778,141 | |||||||||||||
3,300,000 | AbbVie, Inc | 4.050 | 11/21/39 | 3,694,701 | |||||||||||||
2,175,000 | AbbVie, Inc | 4.400 | 11/06/42 | 2,527,986 | |||||||||||||
1,625,000 | AbbVie, Inc | 4.850 | 06/15/44 | 1,974,052 | |||||||||||||
1,310,000 | AbbVie, Inc | 4.750 | 03/15/45 | 1,563,131 | |||||||||||||
925,000 | AbbVie, Inc | 4.700 | 05/14/45 | 1,095,544 | |||||||||||||
1,350,000 | AbbVie, Inc | 4.450 | 05/14/46 | 1,555,428 | |||||||||||||
1,150,000 | AbbVie, Inc | 4.875 | 11/14/48 | 1,385,071 | |||||||||||||
4,975,000 | AbbVie, Inc | 4.250 | 11/21/49 | 5,629,391 | |||||||||||||
75,000 | Agilent Technologies, Inc | 3.200 | 10/01/22 | 77,480 | |||||||||||||
400,000 | Agilent Technologies, Inc | 3.875 | 07/15/23 | 426,302 | |||||||||||||
200,000 | Agilent Technologies, Inc | 3.050 | 09/22/26 | 213,801 | |||||||||||||
500,000 | Agilent Technologies, Inc | 2.750 | 09/15/29 | 511,931 | |||||||||||||
1,000,000 | Agilent Technologies, Inc | 2.100 | 06/04/30 | 978,257 | |||||||||||||
1,000,000 | Agilent Technologies, Inc | 2.300 | 03/12/31 | 973,733 | |||||||||||||
1,175,000 | Amgen, Inc | 3.625 | 05/15/22 | 1,203,427 | |||||||||||||
2,475,000 | Amgen, Inc | 2.250 | 08/19/23 | 2,566,234 | |||||||||||||
950,000 | Amgen, Inc | 3.625 | 05/22/24 | 1,025,546 | |||||||||||||
775,000 | Amgen, Inc | 3.125 | 05/01/25 | 832,896 | |||||||||||||
1,225,000 | Amgen, Inc | 2.600 | 08/19/26 | 1,287,413 | |||||||||||||
1,250,000 | Amgen, Inc | 2.200 | 02/21/27 | 1,282,303 | |||||||||||||
775,000 | Amgen, Inc | 3.200 | 11/02/27 | 839,316 | |||||||||||||
1,000,000 | Amgen, Inc | 2.450 | 02/21/30 | 1,006,926 | |||||||||||||
500,000 | Amgen, Inc | 2.300 | 02/25/31 | 492,950 | |||||||||||||
1,325,000 | Amgen, Inc | 3.150 | 02/21/40 | 1,314,714 | |||||||||||||
126,000 | Amgen, Inc | 5.150 | 11/15/41 | 158,695 | |||||||||||||
2,675,000 | Amgen, Inc | 4.400 | 05/01/45 | 3,096,972 | |||||||||||||
2,128,000 | Amgen, Inc | 4.563 | 06/15/48 | 2,534,736 | |||||||||||||
2,575,000 | Amgen, Inc | 3.375 | 02/21/50 | 2,573,912 | |||||||||||||
2,447,000 | Amgen, Inc | 4.663 | 06/15/51 | 2,967,531 | |||||||||||||
172,000 | g | Amgen, Inc | 2.770 | 09/01/53 | 152,099 | ||||||||||||
725,000 | AstraZeneca plc | 2.375 | 06/12/22 | 740,944 | |||||||||||||
475,000 | AstraZeneca plc | 3.500 | 08/17/23 | 506,147 | |||||||||||||
350,000 | AstraZeneca plc | 3.375 | 11/16/25 | 380,992 | |||||||||||||
1,000,000 | AstraZeneca plc | 0.700 | 04/08/26 | 963,130 | |||||||||||||
950,000 | AstraZeneca plc | 3.125 | 06/12/27 | 1,022,358 | |||||||||||||
1,700,000 | AstraZeneca plc | 4.000 | 01/17/29 | 1,907,466 | |||||||||||||
1,000,000 | AstraZeneca plc | 1.375 | 08/06/30 | 917,223 | |||||||||||||
1,900,000 | AstraZeneca plc | 6.450 | 09/15/37 | 2,705,466 | |||||||||||||
625,000 | AstraZeneca plc | 4.000 | 09/18/42 | 695,490 | |||||||||||||
500,000 | AstraZeneca plc | 4.375 | 11/16/45 | 580,281 | |||||||||||||
750,000 | AstraZeneca plc | 4.375 | 08/17/48 | 877,291 |
66 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 600,000 | AstraZeneca plc | 2.125 | % | 08/06/50 | $ | 480,649 | ||||||||||
449,000 | Baxalta, Inc | 4.000 | 06/23/25 | 497,689 | |||||||||||||
149,000 | Baxalta, Inc | 5.250 | 06/23/45 | 192,110 | |||||||||||||
650,000 | Biogen, Inc | 3.625 | 09/15/22 | 679,361 | |||||||||||||
875,000 | Biogen, Inc | 4.050 | 09/15/25 | 972,094 | |||||||||||||
300,000 | Biogen, Inc | 2.250 | 05/01/30 | 291,032 | |||||||||||||
1,375,000 | Biogen, Inc | 3.150 | 05/01/50 | 1,262,744 | |||||||||||||
1,346,000 | g | Biogen, Inc | 3.250 | 02/15/51 | 1,255,800 | ||||||||||||
2,000,000 | Bristol-Myers Squibb Co | 2.600 | 05/16/22 | 2,051,360 | |||||||||||||
200,000 | Bristol-Myers Squibb Co | 2.000 | 08/01/22 | 204,215 | |||||||||||||
550,000 | Bristol-Myers Squibb Co | 3.250 | 08/15/22 | 571,836 | |||||||||||||
600,000 | Bristol-Myers Squibb Co | 2.750 | 02/15/23 | 625,691 | |||||||||||||
1,684,000 | Bristol-Myers Squibb Co | 3.250 | 02/20/23 | 1,767,064 | |||||||||||||
200,000 | Bristol-Myers Squibb Co | 3.250 | 11/01/23 | 214,142 | |||||||||||||
1,000,000 | Bristol-Myers Squibb Co | 0.537 | 11/13/23 | 999,889 | |||||||||||||
5,350,000 | Bristol-Myers Squibb Co | 2.900 | 07/26/24 | 5,716,249 | |||||||||||||
600,000 | Bristol-Myers Squibb Co | 3.875 | 08/15/25 | 667,197 | |||||||||||||
1,000,000 | Bristol-Myers Squibb Co | 0.750 | 11/13/25 | 985,044 | |||||||||||||
500,000 | Bristol-Myers Squibb Co | 3.250 | 02/27/27 | 545,405 | |||||||||||||
1,000,000 | Bristol-Myers Squibb Co | 1.125 | 11/13/27 | 966,842 | |||||||||||||
1,275,000 | Bristol-Myers Squibb Co | 3.900 | 02/20/28 | 1,434,241 | |||||||||||||
2,825,000 | Bristol-Myers Squibb Co | 3.400 | 07/26/29 | 3,087,202 | |||||||||||||
1,150,000 | Bristol-Myers Squibb Co | 1.450 | 11/13/30 | 1,074,412 | |||||||||||||
700,000 | Bristol-Myers Squibb Co | 4.125 | 06/15/39 | 814,191 | |||||||||||||
125,000 | Bristol-Myers Squibb Co | 2.350 | 11/13/40 | 113,699 | |||||||||||||
650,000 | Bristol-Myers Squibb Co | 3.250 | 08/01/42 | 669,940 | |||||||||||||
200,000 | Bristol-Myers Squibb Co | 4.500 | 03/01/44 | 243,534 | |||||||||||||
3,200,000 | Bristol-Myers Squibb Co | 5.000 | 08/15/45 | 4,114,539 | |||||||||||||
500,000 | Bristol-Myers Squibb Co | 4.350 | 11/15/47 | 594,839 | |||||||||||||
2,300,000 | Bristol-Myers Squibb Co | 4.550 | 02/20/48 | 2,804,273 | |||||||||||||
2,400,000 | Bristol-Myers Squibb Co | 4.250 | 10/26/49 | 2,826,900 | |||||||||||||
1,500,000 | Bristol-Myers Squibb Co | 2.550 | 11/13/50 | 1,333,068 | |||||||||||||
175,000 | Eli Lilly & Co | 2.350 | 05/15/22 | 179,055 | |||||||||||||
975,000 | Eli Lilly & Co | 2.750 | 06/01/25 | 1,037,326 | |||||||||||||
950,000 | Eli Lilly & Co | 3.100 | 05/15/27 | 1,031,700 | |||||||||||||
650,000 | Eli Lilly & Co | 3.875 | 03/15/39 | 742,417 | |||||||||||||
550,000 | Eli Lilly & Co | 3.700 | 03/01/45 | 593,887 | |||||||||||||
1,025,000 | Eli Lilly & Co | 3.950 | 03/15/49 | 1,158,770 | |||||||||||||
1,300,000 | Eli Lilly & Co | 2.250 | 05/15/50 | 1,098,752 | |||||||||||||
875,000 | Eli Lilly & Co | 4.150 | 03/15/59 | 1,034,217 | |||||||||||||
750,000 | Eli Lilly & Co | 2.500 | 09/15/60 | 634,702 | |||||||||||||
1,150,000 | Gilead Sciences, Inc | 4.400 | 12/01/21 | 1,168,635 | |||||||||||||
700,000 | Gilead Sciences, Inc | 3.250 | 09/01/22 | 724,140 | |||||||||||||
500,000 | Gilead Sciences, Inc | 2.500 | 09/01/23 | 520,982 | |||||||||||||
850,000 | Gilead Sciences, Inc | 0.750 | 09/29/23 | 850,987 | |||||||||||||
800,000 | Gilead Sciences, Inc | 3.700 | 04/01/24 | 861,651 | |||||||||||||
575,000 | Gilead Sciences, Inc | 3.500 | 02/01/25 | 624,580 | |||||||||||||
1,125,000 | Gilead Sciences, Inc | 3.650 | 03/01/26 | 1,235,910 | |||||||||||||
525,000 | Gilead Sciences, Inc | 2.950 | 03/01/27 | 558,179 | |||||||||||||
325,000 | Gilead Sciences, Inc | 1.200 | 10/01/27 | 311,590 | |||||||||||||
2,815,000 | Gilead Sciences, Inc | 1.650 | 10/01/30 | 2,641,943 | |||||||||||||
450,000 | Gilead Sciences, Inc | 4.600 | 09/01/35 | 530,000 | |||||||||||||
1,300,000 | Gilead Sciences, Inc | 4.000 | 09/01/36 | 1,425,270 |
67 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 325,000 | Gilead Sciences, Inc | 2.600 | % | 10/01/40 | $ | 298,649 | ||||||||||
250,000 | Gilead Sciences, Inc | 5.650 | 12/01/41 | 332,369 | |||||||||||||
1,025,000 | Gilead Sciences, Inc | 4.800 | 04/01/44 | 1,232,267 | |||||||||||||
950,000 | Gilead Sciences, Inc | 4.500 | 02/01/45 | 1,103,384 | |||||||||||||
925,000 | Gilead Sciences, Inc | 4.750 | 03/01/46 | 1,118,058 | |||||||||||||
1,525,000 | Gilead Sciences, Inc | 4.150 | 03/01/47 | 1,695,587 | |||||||||||||
2,600,000 | Gilead Sciences, Inc | 2.800 | 10/01/50 | 2,310,838 | |||||||||||||
1,193,000 | GlaxoSmithKline Capital plc | 2.850 | 05/08/22 | 1,226,228 | |||||||||||||
500,000 | GlaxoSmithKline Capital plc | 2.875 | 06/01/22 | 512,985 | |||||||||||||
1,550,000 | GlaxoSmithKline Capital plc | 0.534 | 10/01/23 | 1,552,093 | |||||||||||||
2,900,000 | GlaxoSmithKline Capital plc | 3.375 | 06/01/29 | 3,151,498 | |||||||||||||
900,000 | GlaxoSmithKline Capital, Inc | 2.800 | 03/18/23 | 941,848 | |||||||||||||
950,000 | GlaxoSmithKline Capital, Inc | 3.625 | 05/15/25 | 1,044,604 | |||||||||||||
925,000 | GlaxoSmithKline Capital, Inc | 3.875 | 05/15/28 | 1,046,623 | |||||||||||||
350,000 | GlaxoSmithKline Capital, Inc | 5.375 | 04/15/34 | 462,434 | |||||||||||||
1,243,000 | GlaxoSmithKline Capital, Inc | 6.375 | 05/15/38 | 1,820,577 | |||||||||||||
850,000 | GlaxoSmithKline Capital, Inc | 4.200 | 03/18/43 | 1,000,148 | |||||||||||||
1,500,000 | Illumina, Inc | 2.550 | 03/23/31 | 1,487,105 | |||||||||||||
300,000 | Johnson & Johnson | 2.050 | 03/01/23 | 308,548 | |||||||||||||
950,000 | Johnson & Johnson | 3.375 | 12/05/23 | 1,028,683 | |||||||||||||
2,000,000 | Johnson & Johnson | 0.550 | 09/01/25 | 1,983,462 | |||||||||||||
1,000,000 | Johnson & Johnson | 2.450 | 03/01/26 | 1,064,013 | |||||||||||||
2,000,000 | Johnson & Johnson | 0.950 | 09/01/27 | 1,943,787 | |||||||||||||
2,000,000 | Johnson & Johnson | 1.300 | 09/01/30 | 1,880,216 | |||||||||||||
1,000,000 | Johnson & Johnson | 4.375 | 12/05/33 | 1,210,623 | |||||||||||||
250,000 | Johnson & Johnson | 3.550 | 03/01/36 | 279,175 | |||||||||||||
450,000 | Johnson & Johnson | 3.625 | 03/03/37 | 507,978 | |||||||||||||
250,000 | Johnson & Johnson | 5.950 | 08/15/37 | 352,656 | |||||||||||||
675,000 | Johnson & Johnson | 3.400 | 01/15/38 | 740,274 | |||||||||||||
375,000 | Johnson & Johnson | 5.850 | 07/15/38 | 524,170 | |||||||||||||
1,000,000 | Johnson & Johnson | 2.100 | 09/01/40 | 903,514 | |||||||||||||
300,000 | Johnson & Johnson | 4.500 | 12/05/43 | 372,335 | |||||||||||||
1,200,000 | Johnson & Johnson | 3.700 | 03/01/46 | 1,340,985 | |||||||||||||
1,625,000 | Johnson & Johnson | 3.750 | 03/03/47 | 1,823,135 | |||||||||||||
2,100,000 | Johnson & Johnson | 3.500 | 01/15/48 | 2,306,571 | |||||||||||||
500,000 | Johnson & Johnson | 2.250 | 09/01/50 | 444,831 | |||||||||||||
1,000,000 | Johnson & Johnson | 2.450 | 09/01/60 | 886,074 | |||||||||||||
750,000 | Merck & Co, Inc | 2.350 | 02/10/22 | 763,394 | |||||||||||||
200,000 | Merck & Co, Inc | 2.400 | 09/15/22 | 204,917 | |||||||||||||
1,300,000 | Merck & Co, Inc | 2.800 | 05/18/23 | 1,368,457 | |||||||||||||
1,450,000 | Merck & Co, Inc | 2.750 | 02/10/25 | 1,545,627 | |||||||||||||
2,875,000 | Merck & Co, Inc | 0.750 | 02/24/26 | 2,837,444 | |||||||||||||
3,175,000 | Merck & Co, Inc | 1.450 | 06/24/30 | 3,024,814 | |||||||||||||
1,475,000 | Merck & Co, Inc | 3.900 | 03/07/39 | 1,680,705 | |||||||||||||
425,000 | Merck & Co, Inc | 2.350 | 06/24/40 | 393,398 | |||||||||||||
100,000 | Merck & Co, Inc | 3.600 | 09/15/42 | 108,503 | |||||||||||||
925,000 | Merck & Co, Inc | 4.150 | 05/18/43 | 1,086,152 | |||||||||||||
1,825,000 | Merck & Co, Inc | 3.700 | 02/10/45 | 2,009,334 | |||||||||||||
1,600,000 | Merck & Co, Inc | 4.000 | 03/07/49 | 1,848,848 | |||||||||||||
375,000 | Merck & Co, Inc | 2.450 | 06/24/50 | 330,723 | |||||||||||||
1,175,000 | Mylan NV | 3.150 | 06/15/21 | 1,178,710 | |||||||||||||
2,800,000 | Mylan NV | 3.950 | 06/15/26 | 3,084,174 | |||||||||||||
750,000 | Mylan NV | 5.250 | 06/15/46 | 882,213 | |||||||||||||
500,000 | Mylan, Inc | 4.550 | 04/15/28 | 564,648 |
68 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 700,000 | Mylan, Inc | 5.200 | % | 04/15/48 | $ | 805,090 | ||||||||||
725,000 | Novartis Capital Corp | 2.400 | 09/21/22 | 748,249 | |||||||||||||
2,300,000 | Novartis Capital Corp | 3.400 | 05/06/24 | 2,491,501 | |||||||||||||
725,000 | Novartis Capital Corp | 3.000 | 11/20/25 | 782,654 | |||||||||||||
3,500,000 | Novartis Capital Corp | 2.000 | 02/14/27 | 3,610,927 | |||||||||||||
1,300,000 | Novartis Capital Corp | 3.100 | 05/17/27 | 1,412,956 | |||||||||||||
1,000,000 | Novartis Capital Corp | 2.200 | 08/14/30 | 1,006,567 | |||||||||||||
400,000 | Novartis Capital Corp | 3.700 | 09/21/42 | 444,576 | |||||||||||||
1,025,000 | Novartis Capital Corp | 4.400 | 05/06/44 | 1,248,552 | |||||||||||||
1,000,000 | Novartis Capital Corp | 4.000 | 11/20/45 | 1,153,188 | |||||||||||||
750,000 | Novartis Capital Corp | 2.750 | 08/14/50 | 711,858 | |||||||||||||
500,000 | e | PerkinElmer, Inc | 3.300 | 09/15/29 | 527,405 | ||||||||||||
1,000,000 | PerkinElmer, Inc | 2.550 | 03/15/31 | 990,706 | |||||||||||||
1,000,000 | PerkinElmer, Inc | 3.625 | 03/15/51 | 1,023,051 | |||||||||||||
100,000 | Perrigo Co plc | 4.000 | 11/15/23 | 105,586 | |||||||||||||
100,000 | Perrigo Co plc | 5.300 | 11/15/43 | 99,266 | |||||||||||||
200,000 | Perrigo Finance Unlimited Co | 3.900 | 12/15/24 | 212,654 | |||||||||||||
200,000 | Perrigo Finance Unlimited Co | 4.375 | 03/15/26 | 216,950 | |||||||||||||
200,000 | Perrigo Finance Unlimited Co | 3.150 | 06/15/30 | 196,383 | |||||||||||||
221,000 | Perrigo Finance Unlimited Co | 4.900 | 12/15/44 | 215,791 | |||||||||||||
500,000 | Pfizer, Inc | 3.000 | 09/15/21 | 506,204 | |||||||||||||
1,075,000 | Pfizer, Inc | 3.000 | 06/15/23 | 1,132,984 | |||||||||||||
1,175,000 | Pfizer, Inc | 3.400 | 05/15/24 | 1,274,450 | |||||||||||||
3,000,000 | Pfizer, Inc | 0.800 | 05/28/25 | 2,977,979 | |||||||||||||
350,000 | Pfizer, Inc | 2.750 | 06/03/26 | 376,321 | |||||||||||||
2,850,000 | Pfizer, Inc | 3.000 | 12/15/26 | 3,098,409 | |||||||||||||
950,000 | Pfizer, Inc | 3.600 | 09/15/28 | 1,051,693 | |||||||||||||
1,550,000 | Pfizer, Inc | 3.450 | 03/15/29 | 1,701,160 | |||||||||||||
425,000 | Pfizer, Inc | 4.000 | 12/15/36 | 488,380 | |||||||||||||
500,000 | Pfizer, Inc | 4.100 | 09/15/38 | 580,872 | |||||||||||||
875,000 | Pfizer, Inc | 3.900 | 03/15/39 | 994,846 | |||||||||||||
350,000 | Pfizer, Inc | 7.200 | 03/15/39 | 548,598 | |||||||||||||
1,250,000 | Pfizer, Inc | 2.550 | 05/28/40 | 1,191,484 | |||||||||||||
625,000 | Pfizer, Inc | 4.300 | 06/15/43 | 727,506 | |||||||||||||
1,100,000 | Pfizer, Inc | 4.400 | 05/15/44 | 1,307,483 | |||||||||||||
1,875,000 | Pfizer, Inc | 4.125 | 12/15/46 | 2,180,247 | |||||||||||||
1,200,000 | Pfizer, Inc | 4.200 | 09/15/48 | 1,415,644 | |||||||||||||
2,100,000 | Pfizer, Inc | 4.000 | 03/15/49 | 2,435,282 | |||||||||||||
1,000,000 | Pfizer, Inc | 2.700 | 05/28/50 | 936,323 | |||||||||||||
1,000,000 | Regeneron Pharmaceuticals, Inc | 1.750 | 09/15/30 | 924,823 | |||||||||||||
500,000 | Regeneron Pharmaceuticals, Inc | 2.800 | 09/15/50 | 433,329 | |||||||||||||
1,000,000 | g | Royalty Pharma plc | 0.750 | 09/02/23 | 999,007 | ||||||||||||
1,000,000 | g | Royalty Pharma plc | 1.200 | 09/02/25 | 979,316 | ||||||||||||
1,000,000 | g | Royalty Pharma plc | 1.750 | 09/02/27 | 971,090 | ||||||||||||
375,000 | g | Royalty Pharma plc | 2.200 | 09/02/30 | 357,859 | ||||||||||||
1,000,000 | g | Royalty Pharma plc | 3.300 | 09/02/40 | 964,000 | ||||||||||||
1,000,000 | g | Royalty Pharma plc | 3.550 | 09/02/50 | 952,950 | ||||||||||||
1,750,000 | Sanofi | 3.375 | 06/19/23 | 1,865,418 | |||||||||||||
500,000 | Sanofi | 3.625 | 06/19/28 | 557,163 | |||||||||||||
1,000,000 | Takeda Pharmaceutical Co Ltd | 4.400 | 11/26/23 | 1,092,977 | |||||||||||||
2,100,000 | Takeda Pharmaceutical Co Ltd | 5.000 | 11/26/28 | 2,485,283 | |||||||||||||
700,000 | Takeda Pharmaceutical Co Ltd | 2.050 | 03/31/30 | 674,652 | |||||||||||||
2,050,000 | Takeda Pharmaceutical Co Ltd | 3.025 | 07/09/40 | 1,982,689 |
69 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 1,150,000 | Takeda Pharmaceutical Co Ltd | 3.175 | % | 07/09/50 | $ | 1,098,360 | ||||||||||
1,000,000 | Takeda Pharmaceutical Co Ltd | 3.375 | 07/09/60 | 959,949 | |||||||||||||
150,000 | Thermo Fisher Scientific, Inc | 3.650 | 12/15/25 | 164,870 | |||||||||||||
975,000 | Thermo Fisher Scientific, Inc | 2.950 | 09/19/26 | 1,043,892 | |||||||||||||
2,150,000 | Thermo Fisher Scientific, Inc | 3.200 | 08/15/27 | 2,329,405 | |||||||||||||
1,500,000 | Thermo Fisher Scientific, Inc | 2.600 | 10/01/29 | 1,537,771 | |||||||||||||
200,000 | Thermo Fisher Scientific, Inc | 5.300 | 02/01/44 | 264,474 | |||||||||||||
200,000 | Thermo Fisher Scientific, Inc | 4.100 | 08/15/47 | 232,109 | |||||||||||||
375,000 | g | Viatris, Inc | 1.125 | 06/22/22 | 377,036 | ||||||||||||
1,000,000 | g | Viatris, Inc | 1.650 | 06/22/25 | 1,003,532 | ||||||||||||
400,000 | g | Viatris, Inc | 2.300 | 06/22/27 | 403,352 | ||||||||||||
375,000 | g | Viatris, Inc | 2.700 | 06/22/30 | 370,306 | ||||||||||||
600,000 | g | Viatris, Inc | 3.850 | 06/22/40 | 614,017 | ||||||||||||
1,950,000 | g | Viatris, Inc | 4.000 | 06/22/50 | 1,987,150 | ||||||||||||
1,000,000 | Wyeth LLC | 6.450 | 02/01/24 | 1,160,167 | |||||||||||||
150,000 | Wyeth LLC | 6.500 | 02/01/34 | 214,772 | |||||||||||||
275,000 | Wyeth LLC | 5.950 | 04/01/37 | 382,609 | |||||||||||||
1,000,000 | Zoetis, Inc | 3.250 | 02/01/23 | 1,042,133 | |||||||||||||
300,000 | Zoetis, Inc | 4.500 | 11/13/25 | 340,038 | |||||||||||||
425,000 | Zoetis, Inc | 3.000 | 09/12/27 | 454,795 | |||||||||||||
500,000 | Zoetis, Inc | 3.900 | 08/20/28 | 555,988 | |||||||||||||
900,000 | Zoetis, Inc | 4.700 | 02/01/43 | 1,085,951 | |||||||||||||
650,000 | Zoetis, Inc | 3.950 | 09/12/47 | 718,725 | |||||||||||||
200,000 | Zoetis, Inc | 4.450 | 08/20/48 | 238,982 | |||||||||||||
375,000 | Zoetis, Inc | 3.000 | 05/15/50 | 357,073 | |||||||||||||
TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 291,443,718 | ||||||||||||||||
REAL ESTATE - 1.0% | |||||||||||||||||
100,000 | Alexandria Real Estate Equities, Inc | 3.450 | 04/30/25 | 108,410 | |||||||||||||
200,000 | Alexandria Real Estate Equities, Inc | 4.300 | 01/15/26 | 223,304 | |||||||||||||
500,000 | Alexandria Real Estate Equities, Inc | 3.800 | 04/15/26 | 551,743 | |||||||||||||
200,000 | Alexandria Real Estate Equities, Inc | 4.500 | 07/30/29 | 229,945 | |||||||||||||
425,000 | Alexandria Real Estate Equities, Inc | 2.750 | 12/15/29 | 433,555 | |||||||||||||
100,000 | Alexandria Real Estate Equities, Inc | 4.700 | 07/01/30 | 116,571 | |||||||||||||
275,000 | Alexandria Real Estate Equities, Inc | 3.375 | 08/15/31 | 289,981 | |||||||||||||
1,500,000 | Alexandria Real Estate Equities, Inc | 2.000 | 05/18/32 | 1,393,460 | |||||||||||||
450,000 | Alexandria Real Estate Equities, Inc | 1.875 | 02/01/33 | 409,141 | |||||||||||||
500,000 | Alexandria Real Estate Equities, Inc | 4.850 | 04/15/49 | 598,486 | |||||||||||||
700,000 | Alexandria Real Estate Equities, Inc | 4.000 | 02/01/50 | 746,814 | |||||||||||||
1,000,000 | Alexandria Real Estate Equities, Inc | 3.000 | 05/18/51 | 910,421 | |||||||||||||
100,000 | American Campus Communities Operating Partnership LP | 3.750 | 04/15/23 | 105,681 | |||||||||||||
500,000 | American Campus Communities Operating Partnership LP | 3.300 | 07/15/26 | 537,257 | |||||||||||||
200,000 | American Campus Communities Operating Partnership LP | 3.625 | 11/15/27 | 218,490 | |||||||||||||
500,000 | American Campus Communities Operating Partnership LP | 2.850 | 02/01/30 | 500,432 | |||||||||||||
500,000 | American Homes 4 Rent LP | 4.900 | 02/15/29 | 571,109 | |||||||||||||
725,000 | American Tower Corp | 2.250 | 01/15/22 | 735,124 | |||||||||||||
200,000 | American Tower Corp | 4.700 | 03/15/22 | 208,119 | |||||||||||||
800,000 | American Tower Corp | 3.500 | 01/31/23 | 841,781 | |||||||||||||
1,500,000 | American Tower Corp | 0.600 | 01/15/24 | 1,497,527 | |||||||||||||
450,000 | American Tower Corp | 5.000 | 02/15/24 | 502,116 |
70 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 350,000 | American Tower Corp | 3.375 | % | 05/15/24 | $ | 375,241 | ||||||||||
750,000 | American Tower Corp | 2.400 | 03/15/25 | 782,449 | |||||||||||||
525,000 | American Tower Corp | 4.000 | 06/01/25 | 577,697 | |||||||||||||
1,350,000 | American Tower Corp | 1.300 | 09/15/25 | 1,344,181 | |||||||||||||
200,000 | American Tower Corp | 4.400 | 02/15/26 | 225,319 | |||||||||||||
1,000,000 | American Tower Corp | 1.600 | 04/15/26 | 1,002,280 | |||||||||||||
425,000 | American Tower Corp | 3.375 | 10/15/26 | 459,614 | |||||||||||||
750,000 | American Tower Corp | 2.750 | 01/15/27 | 782,881 | |||||||||||||
500,000 | American Tower Corp | 3.125 | 01/15/27 | 531,744 | |||||||||||||
150,000 | American Tower Corp | 3.550 | 07/15/27 | 162,670 | |||||||||||||
500,000 | American Tower Corp | 3.600 | 01/15/28 | 539,873 | |||||||||||||
875,000 | American Tower Corp | 1.500 | 01/31/28 | 834,490 | |||||||||||||
350,000 | American Tower Corp | 3.950 | 03/15/29 | 385,302 | |||||||||||||
750,000 | American Tower Corp | 2.900 | 01/15/30 | 762,414 | |||||||||||||
750,000 | American Tower Corp | 2.100 | 06/15/30 | 713,695 | |||||||||||||
725,000 | American Tower Corp | 1.875 | 10/15/30 | 678,249 | |||||||||||||
1,000,000 | American Tower Corp | 2.700 | 04/15/31 | 1,001,130 | |||||||||||||
1,350,000 | American Tower Corp | 3.700 | 10/15/49 | 1,364,548 | |||||||||||||
425,000 | American Tower Corp | 3.100 | 06/15/50 | 390,690 | |||||||||||||
775,000 | American Tower Corp | 2.950 | 01/15/51 | 685,151 | |||||||||||||
225,000 | AvalonBay Communities, Inc | 2.950 | 09/15/22 | 231,602 | |||||||||||||
200,000 | AvalonBay Communities, Inc | 3.500 | 11/15/24 | 217,452 | |||||||||||||
200,000 | AvalonBay Communities, Inc | 2.950 | 05/11/26 | 214,205 | |||||||||||||
100,000 | AvalonBay Communities, Inc | 2.900 | 10/15/26 | 106,225 | |||||||||||||
1,200,000 | AvalonBay Communities, Inc | 3.350 | 05/15/27 | 1,302,811 | |||||||||||||
200,000 | e | AvalonBay Communities, Inc | 3.200 | 01/15/28 | 212,094 | ||||||||||||
750,000 | AvalonBay Communities, Inc | 3.300 | 06/01/29 | 795,866 | |||||||||||||
750,000 | AvalonBay Communities, Inc | 2.300 | 03/01/30 | 741,487 | |||||||||||||
400,000 | AvalonBay Communities, Inc | 4.150 | 07/01/47 | 451,943 | |||||||||||||
200,000 | AvalonBay Communities, Inc | 4.350 | 04/15/48 | 232,012 | |||||||||||||
275,000 | Boston Properties LP | 3.850 | 02/01/23 | 288,952 | |||||||||||||
425,000 | Boston Properties LP | 3.125 | 09/01/23 | 447,411 | |||||||||||||
200,000 | Boston Properties LP | 3.800 | 02/01/24 | 215,296 | |||||||||||||
1,500,000 | Boston Properties LP | 3.200 | 01/15/25 | 1,603,897 | |||||||||||||
275,000 | Boston Properties LP | 3.650 | 02/01/26 | 300,172 | |||||||||||||
700,000 | Boston Properties LP | 2.750 | 10/01/26 | 737,659 | |||||||||||||
550,000 | Boston Properties LP | 4.500 | 12/01/28 | 622,908 | |||||||||||||
550,000 | Boston Properties LP | 3.400 | 06/21/29 | 577,793 | |||||||||||||
750,000 | Boston Properties LP | 2.900 | 03/15/30 | 756,709 | |||||||||||||
1,000,000 | Boston Properties LP | 3.250 | 01/30/31 | 1,035,245 | |||||||||||||
2,000,000 | Boston Properties LP | 2.550 | 04/01/32 | 1,917,356 | |||||||||||||
100,000 | Brandywine Operating Partnership LP | 3.950 | 02/15/23 | 104,520 | |||||||||||||
500,000 | Brandywine Operating Partnership LP | 4.100 | 10/01/24 | 539,534 | |||||||||||||
100,000 | Brandywine Operating Partnership LP | 3.950 | 11/15/27 | 106,191 | |||||||||||||
500,000 | Brandywine Operating Partnership LP | 4.550 | 10/01/29 | 529,794 | |||||||||||||
350,000 | Brixmor Operating Partnership LP | 3.250 | 09/15/23 | 369,769 | |||||||||||||
900,000 | Brixmor Operating Partnership LP | 3.650 | 06/15/24 | 968,398 | |||||||||||||
200,000 | Brixmor Operating Partnership LP | 3.850 | 02/01/25 | 216,390 | |||||||||||||
225,000 | Brixmor Operating Partnership LP | 4.125 | 06/15/26 | 248,431 | |||||||||||||
300,000 | Brixmor Operating Partnership LP | 3.900 | 03/15/27 | 327,521 | |||||||||||||
100,000 | Brixmor Operating Partnership LP | 2.250 | 04/01/28 | 98,121 | |||||||||||||
600,000 | Brixmor Operating Partnership LP | 4.125 | 05/15/29 | 647,733 | |||||||||||||
940,000 | Brixmor Operating Partnership LP | 4.050 | 07/01/30 | 1,012,531 |
71 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 200,000 | Camden Property Trust | 2.950 | % | 12/15/22 | $ | 207,110 | ||||||||||
100,000 | Camden Property Trust | 4.100 | 10/15/28 | 112,097 | |||||||||||||
325,000 | Camden Property Trust | 3.150 | 07/01/29 | 343,707 | |||||||||||||
100,000 | Camden Property Trust | 2.800 | 05/15/30 | 102,582 | |||||||||||||
500,000 | Camden Property Trust | 3.350 | 11/01/49 | 507,185 | |||||||||||||
500,000 | CBRE Services, Inc | 4.875 | 03/01/26 | 574,379 | |||||||||||||
1,000,000 | CBRE Services, Inc | 2.500 | 04/01/31 | 969,187 | |||||||||||||
1,225,000 | CC Holdings GS V LLC | 3.849 | 04/15/23 | 1,304,301 | |||||||||||||
400,000 | Columbia Property Trust Operating Partnership LP | 3.650 | 08/15/26 | 413,947 | |||||||||||||
300,000 | Corporate Office Properties LP | 5.000 | 07/01/25 | 337,744 | |||||||||||||
1,000,000 | Corporate Office Properties LP | 2.250 | 03/15/26 | 1,016,171 | |||||||||||||
175,000 | Corporate Office Properties LP | 2.750 | 04/15/31 | 169,221 | |||||||||||||
1,375,000 | Crown Castle International Corp | 3.150 | 07/15/23 | 1,456,303 | |||||||||||||
500,000 | Crown Castle International Corp | 3.200 | 09/01/24 | 536,933 | |||||||||||||
1,000,000 | Crown Castle International Corp | 1.350 | 07/15/25 | 997,907 | |||||||||||||
975,000 | Crown Castle International Corp | 4.450 | 02/15/26 | 1,098,027 | |||||||||||||
250,000 | Crown Castle International Corp | 3.700 | 06/15/26 | 273,483 | |||||||||||||
1,500,000 | Crown Castle International Corp | 1.050 | 07/15/26 | 1,452,340 | |||||||||||||
100,000 | Crown Castle International Corp | 4.000 | 03/01/27 | 110,736 | |||||||||||||
525,000 | Crown Castle International Corp | 3.650 | 09/01/27 | 572,111 | |||||||||||||
775,000 | Crown Castle International Corp | 3.800 | 02/15/28 | 844,272 | |||||||||||||
300,000 | Crown Castle International Corp | 4.300 | 02/15/29 | 336,274 | |||||||||||||
500,000 | Crown Castle International Corp | 3.100 | 11/15/29 | 516,099 | |||||||||||||
275,000 | Crown Castle International Corp | 3.300 | 07/01/30 | 287,855 | |||||||||||||
1,050,000 | Crown Castle International Corp | 2.250 | 01/15/31 | 1,009,205 | |||||||||||||
1,500,000 | Crown Castle International Corp | 2.100 | 04/01/31 | 1,416,263 | |||||||||||||
1,000,000 | Crown Castle International Corp | 2.900 | 04/01/41 | 919,998 | |||||||||||||
200,000 | Crown Castle International Corp | 4.750 | 05/15/47 | 228,456 | |||||||||||||
300,000 | Crown Castle International Corp | 5.200 | 02/15/49 | 366,598 | |||||||||||||
500,000 | Crown Castle International Corp | 4.000 | 11/15/49 | 519,421 | |||||||||||||
200,000 | Crown Castle International Corp | 4.150 | 07/01/50 | 214,768 | |||||||||||||
875,000 | Crown Castle International Corp | 3.250 | 01/15/51 | 805,414 | |||||||||||||
100,000 | CubeSmart LP | 4.375 | 12/15/23 | 108,744 | |||||||||||||
200,000 | CubeSmart LP | 3.125 | 09/01/26 | 212,641 | |||||||||||||
100,000 | CubeSmart LP | 4.375 | 02/15/29 | 111,345 | |||||||||||||
250,000 | CubeSmart LP | 3.000 | 02/15/30 | 253,906 | |||||||||||||
450,000 | CubeSmart LP | 2.000 | 02/15/31 | 421,159 | |||||||||||||
250,000 | CyrusOne LP | 2.900 | 11/15/24 | 264,130 | |||||||||||||
750,000 | CyrusOne LP | 3.450 | 11/15/29 | 771,007 | |||||||||||||
200,000 | Digital Realty Trust LP | 4.750 | 10/01/25 | 227,348 | |||||||||||||
475,000 | Digital Realty Trust LP | 3.700 | 08/15/27 | 523,639 | |||||||||||||
300,000 | Digital Realty Trust LP | 4.450 | 07/15/28 | 339,351 | |||||||||||||
1,000,000 | Digital Realty Trust LP | 3.600 | 07/01/29 | 1,074,520 | |||||||||||||
100,000 | Duke Realty LP | 3.750 | 12/01/24 | 109,335 | |||||||||||||
100,000 | Duke Realty LP | 3.250 | 06/30/26 | 108,094 | |||||||||||||
1,000,000 | Duke Realty LP | 3.375 | 12/15/27 | 1,092,355 | |||||||||||||
100,000 | Duke Realty LP | 4.000 | 09/15/28 | 110,923 | |||||||||||||
225,000 | Duke Realty LP | 2.875 | 11/15/29 | 230,902 | |||||||||||||
200,000 | Duke Realty LP | 1.750 | 07/01/30 | 186,192 | |||||||||||||
1,000,000 | Duke Realty LP | 1.750 | 02/01/31 | 928,870 | |||||||||||||
500,000 | Duke Realty LP | 3.050 | 03/01/50 | 457,585 | |||||||||||||
1,000,000 | Equinix, Inc | 2.625 | 11/18/24 | 1,053,670 | |||||||||||||
1,000,000 | Equinix, Inc | 1.250 | 07/15/25 | 991,625 | |||||||||||||
525,000 | Equinix, Inc | 1.000 | 09/15/25 | 515,518 |
72 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 650,000 | Equinix, Inc | 2.900 | % | 11/18/26 | $ | 685,534 | ||||||||||
200,000 | Equinix, Inc | 1.800 | 07/15/27 | 196,320 | |||||||||||||
800,000 | Equinix, Inc | 1.550 | 03/15/28 | 764,451 | |||||||||||||
1,000,000 | Equinix, Inc | 3.200 | 11/18/29 | 1,039,645 | |||||||||||||
175,000 | Equinix, Inc | 2.150 | 07/15/30 | 166,380 | |||||||||||||
500,000 | Equinix, Inc | 3.000 | 07/15/50 | 440,660 | |||||||||||||
1,000,000 | e | Equinix, Inc | 2.950 | 09/15/51 | 880,361 | ||||||||||||
200,000 | ERP Operating LP | 4.625 | 12/15/21 | 203,714 | |||||||||||||
700,000 | ERP Operating LP | 3.375 | 06/01/25 | 758,487 | |||||||||||||
200,000 | ERP Operating LP | 2.850 | 11/01/26 | 213,037 | |||||||||||||
1,150,000 | ERP Operating LP | 3.250 | 08/01/27 | 1,242,931 | |||||||||||||
500,000 | ERP Operating LP | 3.500 | 03/01/28 | 540,200 | |||||||||||||
200,000 | ERP Operating LP | 4.150 | 12/01/28 | 224,785 | |||||||||||||
750,000 | ERP Operating LP | 3.000 | 07/01/29 | 780,499 | |||||||||||||
300,000 | ERP Operating LP | 2.500 | 02/15/30 | 301,049 | |||||||||||||
425,000 | ERP Operating LP | 4.500 | 07/01/44 | 500,573 | |||||||||||||
100,000 | ERP Operating LP | 4.000 | 08/01/47 | 109,414 | |||||||||||||
100,000 | Essex Portfolio LP | 3.250 | 05/01/23 | 104,650 | |||||||||||||
400,000 | Essex Portfolio LP | 3.500 | 04/01/25 | 431,965 | |||||||||||||
100,000 | Essex Portfolio LP | 3.375 | 04/15/26 | 108,160 | |||||||||||||
200,000 | Essex Portfolio LP | 3.625 | 05/01/27 | 218,011 | |||||||||||||
1,000,000 | Essex Portfolio LP | 1.700 | 03/01/28 | 962,762 | |||||||||||||
900,000 | Essex Portfolio LP | 4.000 | 03/01/29 | 995,997 | |||||||||||||
325,000 | Essex Portfolio LP | 3.000 | 01/15/30 | 332,972 | |||||||||||||
750,000 | Essex Portfolio LP | 1.650 | 01/15/31 | 680,582 | |||||||||||||
500,000 | Essex Portfolio LP | 2.650 | 03/15/32 | 491,962 | |||||||||||||
300,000 | Essex Portfolio LP | 4.500 | 03/15/48 | 341,082 | |||||||||||||
500,000 | Federal Realty Investment Trust | 3.950 | 01/15/24 | 542,540 | |||||||||||||
300,000 | Federal Realty Investment Trust | 1.250 | 02/15/26 | 296,226 | |||||||||||||
250,000 | Federal Realty Investment Trust | 3.250 | 07/15/27 | 265,479 | |||||||||||||
1,300,000 | Federal Realty Investment Trust | 3.200 | 06/15/29 | 1,341,011 | |||||||||||||
300,000 | Federal Realty Investment Trust | 3.500 | 06/01/30 | 314,333 | |||||||||||||
200,000 | Federal Realty Investment Trust | 4.500 | 12/01/44 | 221,545 | |||||||||||||
250,000 | GLP Capital LP | 3.350 | 09/01/24 | 264,175 | |||||||||||||
1,300,000 | GLP Capital LP | 5.250 | 06/01/25 | 1,457,404 | |||||||||||||
150,000 | GLP Capital LP | 5.375 | 04/15/26 | 168,427 | |||||||||||||
750,000 | GLP Capital LP | 5.750 | 06/01/28 | 865,177 | |||||||||||||
200,000 | GLP Capital LP | 5.300 | 01/15/29 | 224,190 | |||||||||||||
500,000 | GLP Capital LP | 4.000 | 01/15/30 | 520,125 | |||||||||||||
500,000 | GLP Capital LP | 4.000 | 01/15/31 | 516,737 | |||||||||||||
100,000 | Healthcare Realty Trust, Inc | 3.625 | 01/15/28 | 107,471 | |||||||||||||
100,000 | Healthcare Realty Trust, Inc | 2.400 | 03/15/30 | 97,350 | |||||||||||||
175,000 | Healthcare Realty Trust, Inc | 2.050 | 03/15/31 | 164,112 | |||||||||||||
800,000 | Healthcare Trust of America Holdings LP | 3.500 | 08/01/26 | 873,913 | |||||||||||||
500,000 | Healthcare Trust of America Holdings LP | 3.100 | 02/15/30 | 515,979 | |||||||||||||
975,000 | Healthcare Trust of America Holdings LP | 2.000 | 03/15/31 | 907,817 | |||||||||||||
250,000 | Healthpeak Properties, Inc | 4.000 | 06/01/25 | 276,338 | |||||||||||||
100,000 | Healthpeak Properties, Inc | 3.250 | 07/15/26 | 108,032 | |||||||||||||
600,000 | Healthpeak Properties, Inc | 3.500 | 07/15/29 | 643,164 | |||||||||||||
1,000,000 | Healthpeak Properties, Inc | 3.000 | 01/15/30 | 1,031,533 | |||||||||||||
175,000 | Healthpeak Properties, Inc | 2.875 | 01/15/31 | 176,422 | |||||||||||||
30,000 | Healthpeak Properties, Inc | 6.750 | 02/01/41 | 41,016 | |||||||||||||
100,000 | Highwoods Realty LP | 3.875 | 03/01/27 | 108,231 |
73 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 150,000 | Highwoods Realty LP | 4.125 | % | 03/15/28 | $ | 162,300 | ||||||||||
250,000 | Highwoods Realty LP | 4.200 | 04/15/29 | 271,491 | |||||||||||||
500,000 | Highwoods Realty LP | 3.050 | 02/15/30 | 504,899 | |||||||||||||
775,000 | Highwoods Realty LP | 2.600 | 02/01/31 | 756,982 | |||||||||||||
600,000 | Host Hotels & Resorts LP | 3.750 | 10/15/23 | 634,955 | |||||||||||||
700,000 | Host Hotels & Resorts LP | 3.875 | 04/01/24 | 741,441 | |||||||||||||
200,000 | Host Hotels & Resorts LP | 4.000 | 06/15/25 | 212,451 | |||||||||||||
100,000 | Host Hotels & Resorts LP | 4.500 | 02/01/26 | 108,259 | |||||||||||||
500,000 | Host Hotels & Resorts LP | 3.375 | 12/15/29 | 496,135 | |||||||||||||
850,000 | Host Hotels & Resorts LP | 3.500 | 09/15/30 | 853,363 | |||||||||||||
100,000 | Hudson Pacific Properties LP | 3.950 | 11/01/27 | 107,178 | |||||||||||||
100,000 | Hudson Pacific Properties LP | 4.650 | 04/01/29 | 111,999 | |||||||||||||
750,000 | Hudson Pacific Properties LP | 3.250 | 01/15/30 | 754,756 | |||||||||||||
250,000 | Kilroy Realty LP | 3.800 | 01/15/23 | 260,866 | |||||||||||||
125,000 | Kilroy Realty LP | 3.450 | 12/15/24 | 133,639 | |||||||||||||
250,000 | Kilroy Realty LP | 4.750 | 12/15/28 | 282,821 | |||||||||||||
200,000 | Kilroy Realty LP | 4.250 | 08/15/29 | 219,534 | |||||||||||||
750,000 | Kilroy Realty LP | 3.050 | 02/15/30 | 755,357 | |||||||||||||
500,000 | Kilroy Realty LP | 2.500 | 11/15/32 | 469,566 | |||||||||||||
100,000 | Kimco Realty Corp | 3.400 | 11/01/22 | 104,152 | |||||||||||||
300,000 | Kimco Realty Corp | 3.125 | 06/01/23 | 314,391 | |||||||||||||
200,000 | Kimco Realty Corp | 2.700 | 03/01/24 | 209,806 | |||||||||||||
1,175,000 | Kimco Realty Corp | 3.300 | 02/01/25 | 1,258,946 | |||||||||||||
625,000 | Kimco Realty Corp | 2.800 | 10/01/26 | 660,190 | |||||||||||||
200,000 | Kimco Realty Corp | 3.800 | 04/01/27 | 219,916 | |||||||||||||
500,000 | Kimco Realty Corp | 1.900 | 03/01/28 | 489,505 | |||||||||||||
750,000 | Kimco Realty Corp | 2.700 | 10/01/30 | 746,356 | |||||||||||||
200,000 | Kimco Realty Corp | 4.250 | 04/01/45 | 214,993 | |||||||||||||
175,000 | Kimco Realty Corp | 4.125 | 12/01/46 | 185,321 | |||||||||||||
100,000 | Kimco Realty Corp | 4.450 | 09/01/47 | 111,163 | |||||||||||||
500,000 | Kimco Realty Corp | 3.700 | 10/01/49 | 501,303 | |||||||||||||
750,000 | Lexington Realty Trust | 2.700 | 09/15/30 | 732,059 | |||||||||||||
200,000 | Life Storage LP | 3.875 | 12/15/27 | 221,439 | |||||||||||||
500,000 | Life Storage LP | 4.000 | 06/15/29 | 541,641 | |||||||||||||
100,000 | Life Storage LP | 2.200 | 10/15/30 | 94,461 | |||||||||||||
200,000 | Mid-America Apartments LP | 4.300 | 10/15/23 | 216,124 | |||||||||||||
100,000 | Mid-America Apartments LP | 4.000 | 11/15/25 | 110,958 | |||||||||||||
750,000 | Mid-America Apartments LP | 3.600 | 06/01/27 | 816,047 | |||||||||||||
200,000 | Mid-America Apartments LP | 4.200 | 06/15/28 | 223,649 | |||||||||||||
625,000 | Mid-America Apartments LP | 3.950 | 03/15/29 | 689,693 | |||||||||||||
175,000 | Mid-America Apartments LP | 2.750 | 03/15/30 | 176,675 | |||||||||||||
250,000 | Mid-America Apartments LP | 1.700 | 02/15/31 | 229,671 | |||||||||||||
1,000,000 | National Health Investors, Inc | 3.000 | 02/01/31 | 934,691 | |||||||||||||
1,550,000 | National Retail Properties, Inc | 3.500 | 10/15/27 | 1,668,776 | |||||||||||||
300,000 | National Retail Properties, Inc | 2.500 | 04/15/30 | 294,170 | |||||||||||||
500,000 | National Retail Properties, Inc | 3.100 | 04/15/50 | 451,218 | |||||||||||||
1,000,000 | National Retail Properties, Inc | 3.500 | 04/15/51 | 982,000 | |||||||||||||
248,000 | Omega Healthcare Investors, Inc | 4.375 | 08/01/23 | 266,371 | |||||||||||||
200,000 | Omega Healthcare Investors, Inc | 4.500 | 04/01/27 | 217,999 | |||||||||||||
825,000 | Omega Healthcare Investors, Inc | 4.750 | 01/15/28 | 906,143 | |||||||||||||
500,000 | Omega Healthcare Investors, Inc | 3.625 | 10/01/29 | 510,543 | |||||||||||||
500,000 | Omega Healthcare Investors, Inc | 3.375 | 02/01/31 | 495,934 | |||||||||||||
1,000,000 | Omega Healthcare Investors, Inc | 3.250 | 04/15/33 | 957,996 | |||||||||||||
200,000 | Physicians Realty LP | 4.300 | 03/15/27 | 219,647 |
74 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 200,000 | Physicians Realty LP | 3.950 | % | 01/15/28 | $ | 213,810 | ||||||||||
200,000 | Piedmont Operating Partnership LP | 3.400 | 06/01/23 | 207,714 | |||||||||||||
200,000 | Piedmont Operating Partnership LP | 4.450 | 03/15/24 | 215,773 | |||||||||||||
100,000 | Prologis LP | 3.250 | 10/01/26 | 109,455 | |||||||||||||
500,000 | Prologis LP | 2.125 | 04/15/27 | 510,459 | |||||||||||||
1,200,000 | Prologis LP | 3.875 | 09/15/28 | 1,334,344 | |||||||||||||
100,000 | Prologis LP | 4.375 | 02/01/29 | 114,818 | |||||||||||||
500,000 | Prologis LP | 2.250 | 04/15/30 | 494,389 | |||||||||||||
1,000,000 | Prologis LP | 1.250 | 10/15/30 | 907,120 | |||||||||||||
1,000,000 | Prologis LP | 1.625 | 03/15/31 | 928,482 | |||||||||||||
100,000 | Prologis LP | 4.375 | 09/15/48 | 118,921 | |||||||||||||
500,000 | Prologis LP | 3.000 | 04/15/50 | 479,273 | |||||||||||||
500,000 | Prologis LP | 2.125 | 10/15/50 | 400,395 | |||||||||||||
200,000 | Public Storage | 2.370 | 09/15/22 | 205,347 | |||||||||||||
1,500,000 | Public Storage | 0.875 | 02/15/26 | 1,467,188 | |||||||||||||
200,000 | Public Storage | 3.094 | 09/15/27 | 216,591 | |||||||||||||
500,000 | Public Storage | 3.385 | 05/01/29 | 545,659 | |||||||||||||
200,000 | Rayonier, Inc | 3.750 | 04/01/22 | 204,727 | |||||||||||||
500,000 | Realty Income Corp | 4.650 | 08/01/23 | 542,184 | |||||||||||||
200,000 | Realty Income Corp | 3.875 | 04/15/25 | 219,781 | |||||||||||||
750,000 | Realty Income Corp | 0.750 | 03/15/26 | 722,712 | |||||||||||||
200,000 | Realty Income Corp | 4.125 | 10/15/26 | 226,220 | |||||||||||||
200,000 | Realty Income Corp | 3.000 | 01/15/27 | 212,333 | |||||||||||||
1,000,000 | Realty Income Corp | 3.650 | 01/15/28 | 1,092,610 | |||||||||||||
500,000 | Realty Income Corp | 3.250 | 06/15/29 | 529,269 | |||||||||||||
1,500,000 | Realty Income Corp | 3.250 | 01/15/31 | 1,583,363 | |||||||||||||
750,000 | Realty Income Corp | 1.800 | 03/15/33 | 688,720 | |||||||||||||
300,000 | Realty Income Corp | 4.650 | 03/15/47 | 362,882 | |||||||||||||
375,000 | Regency Centers LP | 3.600 | 02/01/27 | 405,899 | |||||||||||||
125,000 | Regency Centers LP | 4.125 | 03/15/28 | 136,631 | |||||||||||||
425,000 | Regency Centers LP | 2.950 | 09/15/29 | 432,295 | |||||||||||||
500,000 | Regency Centers LP | 3.700 | 06/15/30 | 534,582 | |||||||||||||
200,000 | Regency Centers LP | 4.400 | 02/01/47 | 214,103 | |||||||||||||
300,000 | Regency Centers LP | 4.650 | 03/15/49 | 329,845 | |||||||||||||
350,000 | Retail Properties of America, Inc | 4.750 | 09/15/30 | 370,448 | |||||||||||||
300,000 | Sabra Health Care LP | 4.800 | 06/01/24 | 326,587 | |||||||||||||
300,000 | Sabra Health Care LP | 5.125 | 08/15/26 | 333,555 | |||||||||||||
200,000 | Select Income REIT | 4.150 | 02/01/22 | 204,431 | |||||||||||||
500,000 | Select Income REIT | 4.250 | 05/15/24 | 526,149 | |||||||||||||
400,000 | Select Income REIT | 4.500 | 02/01/25 | 420,764 | |||||||||||||
2,850,000 | Simon Property Group LP | 2.350 | 01/30/22 | 2,882,119 | |||||||||||||
200,000 | Simon Property Group LP | 2.625 | 06/15/22 | 204,111 | |||||||||||||
1,300,000 | Simon Property Group LP | 2.750 | 06/01/23 | 1,354,875 | |||||||||||||
500,000 | Simon Property Group LP | 2.000 | 09/13/24 | 517,483 | |||||||||||||
450,000 | Simon Property Group LP | 3.375 | 10/01/24 | 483,862 | |||||||||||||
800,000 | Simon Property Group LP | 3.500 | 09/01/25 | 866,141 | |||||||||||||
625,000 | Simon Property Group LP | 3.300 | 01/15/26 | 669,222 | |||||||||||||
350,000 | Simon Property Group LP | 3.250 | 11/30/26 | 376,759 | |||||||||||||
200,000 | Simon Property Group LP | 3.375 | 06/15/27 | 216,051 | |||||||||||||
300,000 | Simon Property Group LP | 3.375 | 12/01/27 | 322,552 | |||||||||||||
1,000,000 | Simon Property Group LP | 1.750 | 02/01/28 | 970,368 | |||||||||||||
1,750,000 | Simon Property Group LP | 2.450 | 09/13/29 | 1,732,410 | |||||||||||||
750,000 | Simon Property Group LP | 2.650 | 07/15/30 | 751,778 |
75 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 1,000,000 | Simon Property Group LP | 2.200 | % | 02/01/31 | $ | 955,618 | ||||||||||
1,500,000 | Simon Property Group LP | 4.250 | 10/01/44 | 1,615,757 | |||||||||||||
300,000 | Simon Property Group LP | 4.250 | 11/30/46 | 323,034 | |||||||||||||
500,000 | Simon Property Group LP | 3.250 | 09/13/49 | 467,785 | |||||||||||||
750,000 | Simon Property Group LP | 3.800 | 07/15/50 | 757,026 | |||||||||||||
150,000 | SITE Centers Corp | 4.250 | 02/01/26 | 160,025 | |||||||||||||
200,000 | SITE Centers Corp | 4.700 | 06/01/27 | 218,451 | |||||||||||||
200,000 | SL Green Operating Partnership LP | 3.250 | 10/15/22 | 206,301 | |||||||||||||
200,000 | e | SL Green Realty Corp | 4.500 | 12/01/22 | 209,372 | ||||||||||||
525,000 | Sovran Acquisition LP | 3.500 | 07/01/26 | 570,100 | |||||||||||||
300,000 | Spirit Realty LP | 3.200 | 01/15/27 | 313,291 | |||||||||||||
1,000,000 | Spirit Realty LP | 2.100 | 03/15/28 | 972,263 | |||||||||||||
500,000 | Spirit Realty LP | 4.000 | 07/15/29 | 541,580 | |||||||||||||
300,000 | Spirit Realty LP | 3.400 | 01/15/30 | 311,129 | |||||||||||||
500,000 | Spirit Realty LP | 3.200 | 02/15/31 | 500,502 | |||||||||||||
1,000,000 | Spirit Realty LP | 2.700 | 02/15/32 | 950,098 | |||||||||||||
500,000 | STORE Capital Corp | 4.625 | 03/15/29 | 556,409 | |||||||||||||
500,000 | STORE Capital Corp | 2.750 | 11/18/30 | 489,326 | |||||||||||||
100,000 | Tanger Properties LP | 3.125 | 09/01/26 | 102,970 | |||||||||||||
250,000 | Tanger Properties LP | 3.875 | 07/15/27 | 262,438 | |||||||||||||
200,000 | UDR, Inc | 3.500 | 07/01/27 | 217,671 | |||||||||||||
200,000 | UDR, Inc | 3.500 | 01/15/28 | 214,155 | |||||||||||||
600,000 | UDR, Inc | 3.200 | 01/15/30 | 631,560 | |||||||||||||
750,000 | UDR, Inc | 3.000 | 08/15/31 | 762,504 | |||||||||||||
750,000 | UDR, Inc | 2.100 | 08/01/32 | 696,844 | |||||||||||||
500,000 | UDR, Inc | 1.900 | 03/15/33 | 450,801 | |||||||||||||
1,000,000 | UDR, Inc | 2.100 | 06/15/33 | 921,582 | |||||||||||||
300,000 | UDR, Inc | 3.100 | 11/01/34 | 302,123 | |||||||||||||
800,000 | Ventas Realty LP | 3.125 | 06/15/23 | 836,509 | |||||||||||||
300,000 | Ventas Realty LP | 3.500 | 04/15/24 | 323,322 | |||||||||||||
750,000 | Ventas Realty LP | 2.650 | 01/15/25 | 783,430 | |||||||||||||
120,000 | Ventas Realty LP | 4.125 | 01/15/26 | 134,473 | |||||||||||||
200,000 | Ventas Realty LP | 3.250 | 10/15/26 | 215,647 | |||||||||||||
1,000,000 | Ventas Realty LP | 4.000 | 03/01/28 | 1,104,593 | |||||||||||||
525,000 | Ventas Realty LP | 4.400 | 01/15/29 | 589,179 | |||||||||||||
350,000 | Ventas Realty LP | 3.000 | 01/15/30 | 356,908 | |||||||||||||
500,000 | Ventas Realty LP | 4.750 | 11/15/30 | 576,392 | |||||||||||||
300,000 | Ventas Realty LP | 4.375 | 02/01/45 | 311,550 | |||||||||||||
300,000 | Ventas Realty LP | 4.875 | 04/15/49 | 337,279 | |||||||||||||
425,000 | VEREIT Operating Partnership LP | 4.875 | 06/01/26 | 486,646 | |||||||||||||
650,000 | VEREIT Operating Partnership LP | 3.950 | 08/15/27 | 713,265 | |||||||||||||
1,000,000 | VEREIT Operating Partnership LP | 3.400 | 01/15/28 | 1,054,470 | |||||||||||||
500,000 | VEREIT Operating Partnership LP | 2.200 | 06/15/28 | 490,652 | |||||||||||||
500,000 | VEREIT Operating Partnership LP | 3.100 | 12/15/29 | 510,747 | |||||||||||||
500,000 | VEREIT Operating Partnership LP | 2.850 | 12/15/32 | 484,226 | |||||||||||||
200,000 | Vornado Realty LP | 3.500 | 01/15/25 | 210,813 | |||||||||||||
100,000 | Washington REIT | 3.950 | 10/15/22 | 103,610 | |||||||||||||
100,000 | Weingarten Realty Investors | 3.375 | 10/15/22 | 103,350 | |||||||||||||
100,000 | Weingarten Realty Investors | 3.500 | 04/15/23 | 104,670 | |||||||||||||
2,000,000 | Welltower, Inc | 3.625 | 03/15/24 | 2,157,554 | |||||||||||||
1,700,000 | Welltower, Inc | 4.000 | 06/01/25 | 1,868,783 | |||||||||||||
600,000 | Welltower, Inc | 4.250 | 04/01/26 | 674,056 | |||||||||||||
500,000 | Welltower, Inc | 2.700 | 02/15/27 | 521,368 | |||||||||||||
600,000 | Welltower, Inc | 4.250 | 04/15/28 | 668,065 |
76 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 500,000 | Welltower, Inc | 4.125 | % | 03/15/29 | $ | 552,565 | ||||||||||
425,000 | Welltower, Inc | 3.100 | 01/15/30 | 436,812 | |||||||||||||
400,000 | Welltower, Inc | 2.750 | 01/15/31 | 397,842 | |||||||||||||
1,000,000 | Welltower, Inc | 2.800 | 06/01/31 | 993,929 | |||||||||||||
300,000 | Welltower, Inc | 4.950 | 09/01/48 | 355,752 | |||||||||||||
500,000 | Weyerhaeuser Co | 4.000 | 11/15/29 | 556,147 | |||||||||||||
500,000 | Weyerhaeuser Co | 4.000 | 04/15/30 | 552,694 | |||||||||||||
1,075,000 | Weyerhaeuser Co | 7.375 | 03/15/32 | 1,509,740 | |||||||||||||
200,000 | WP Carey, Inc | 4.600 | 04/01/24 | 219,906 | |||||||||||||
347,000 | WP Carey, Inc | 4.000 | 02/01/25 | 377,651 | |||||||||||||
1,000,000 | WP Carey, Inc | 3.850 | 07/15/29 | 1,075,383 | |||||||||||||
750,000 | WP Carey, Inc | 2.400 | 02/01/31 | 717,612 | |||||||||||||
1,000,000 | WP Carey, Inc | 2.250 | 04/01/33 | 928,505 | |||||||||||||
TOTAL REAL ESTATE | 193,711,304 | ||||||||||||||||
RETAILING - 0.7% | |||||||||||||||||
100,000 | Advance Auto Parts, Inc | 1.750 | 10/01/27 | 98,522 | |||||||||||||
500,000 | Advance Auto Parts, Inc | 3.900 | 04/15/30 | 543,325 | |||||||||||||
1,200,000 | Alibaba Group Holding Ltd | 2.800 | 06/06/23 | 1,251,661 | |||||||||||||
1,250,000 | Alibaba Group Holding Ltd | 3.600 | 11/28/24 | 1,356,968 | |||||||||||||
1,325,000 | Alibaba Group Holding Ltd | 3.400 | 12/06/27 | 1,421,481 | |||||||||||||
1,250,000 | Alibaba Group Holding Ltd | 2.125 | 02/09/31 | 1,192,426 | |||||||||||||
500,000 | Alibaba Group Holding Ltd | 4.500 | 11/28/34 | 567,247 | |||||||||||||
750,000 | Alibaba Group Holding Ltd | 4.000 | 12/06/37 | 808,012 | |||||||||||||
1,250,000 | Alibaba Group Holding Ltd | 2.700 | 02/09/41 | 1,134,724 | |||||||||||||
1,500,000 | Alibaba Group Holding Ltd | 4.200 | 12/06/47 | 1,656,142 | |||||||||||||
1,250,000 | Alibaba Group Holding Ltd | 3.150 | 02/09/51 | 1,162,872 | |||||||||||||
750,000 | Alibaba Group Holding Ltd | 4.400 | 12/06/57 | 859,361 | |||||||||||||
1,250,000 | e | Alibaba Group Holding Ltd | 3.250 | 02/09/61 | 1,156,680 | ||||||||||||
200,000 | Allegion US Holding Co, Inc | 3.200 | 10/01/24 | 212,178 | |||||||||||||
200,000 | Allegion US Holding Co, Inc | 3.550 | 10/01/27 | 213,866 | |||||||||||||
850,000 | Amazon.com, Inc | 2.500 | 11/29/22 | 876,638 | |||||||||||||
1,650,000 | Amazon.com, Inc | 2.400 | 02/22/23 | 1,710,893 | |||||||||||||
1,000,000 | Amazon.com, Inc | 0.400 | 06/03/23 | 1,002,782 | |||||||||||||
1,125,000 | Amazon.com, Inc | 2.800 | 08/22/24 | 1,205,269 | |||||||||||||
425,000 | Amazon.com, Inc | 3.800 | 12/05/24 | 470,560 | |||||||||||||
1,000,000 | Amazon.com, Inc | 0.800 | 06/03/25 | 995,982 | |||||||||||||
325,000 | Amazon.com, Inc | 5.200 | 12/03/25 | 382,285 | |||||||||||||
1,000,000 | Amazon.com, Inc | 1.200 | 06/03/27 | 978,294 | |||||||||||||
2,700,000 | Amazon.com, Inc | 3.150 | 08/22/27 | 2,954,266 | |||||||||||||
1,000,000 | Amazon.com, Inc | 1.500 | 06/03/30 | 952,881 | |||||||||||||
1,800,000 | Amazon.com, Inc | 4.800 | �� | 12/05/34 | 2,261,208 | ||||||||||||
2,625,000 | Amazon.com, Inc | 3.875 | 08/22/37 | 3,007,677 | |||||||||||||
775,000 | Amazon.com, Inc | 4.950 | 12/05/44 | 1,018,463 | |||||||||||||
2,875,000 | Amazon.com, Inc | 4.050 | 08/22/47 | 3,364,859 | |||||||||||||
1,900,000 | Amazon.com, Inc | 2.500 | 06/03/50 | 1,699,436 | |||||||||||||
1,900,000 | Amazon.com, Inc | 4.250 | 08/22/57 | 2,273,098 | |||||||||||||
1,000,000 | Amazon.com, Inc | 2.700 | 06/03/60 | 886,970 | |||||||||||||
200,000 | AutoNation, Inc | 3.500 | 11/15/24 | 215,467 | |||||||||||||
244,000 | AutoNation, Inc | 4.500 | 10/01/25 | 270,721 | |||||||||||||
200,000 | AutoNation, Inc | 3.800 | 11/15/27 | 218,169 | |||||||||||||
100,000 | AutoNation, Inc | 4.750 | 06/01/30 | 115,306 | |||||||||||||
442,000 | AutoZone, Inc | 3.700 | 04/15/22 | 453,283 |
77 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 300,000 | AutoZone, Inc | 2.875 | % | 01/15/23 | $ | 310,843 | ||||||||||
150,000 | AutoZone, Inc | 3.125 | 07/15/23 | 157,930 | |||||||||||||
250,000 | AutoZone, Inc | 3.125 | 04/18/24 | 266,399 | |||||||||||||
200,000 | AutoZone, Inc | 3.250 | 04/15/25 | 213,923 | |||||||||||||
500,000 | AutoZone, Inc | 3.625 | 04/15/25 | 544,503 | |||||||||||||
100,000 | AutoZone, Inc | 3.125 | 04/21/26 | 107,044 | |||||||||||||
650,000 | AutoZone, Inc | 3.750 | 06/01/27 | 717,440 | |||||||||||||
200,000 | AutoZone, Inc | 3.750 | 04/18/29 | 216,753 | |||||||||||||
500,000 | AutoZone, Inc | 4.000 | 04/15/30 | 553,524 | |||||||||||||
600,000 | AutoZone, Inc | 1.650 | 01/15/31 | 549,263 | |||||||||||||
500,000 | Best Buy Co, Inc | 4.450 | 10/01/28 | 570,069 | |||||||||||||
500,000 | Best Buy Co, Inc | 1.950 | 10/01/30 | 470,956 | |||||||||||||
1,000,000 | Chevron USA, Inc | 0.426 | 08/11/23 | 1,002,145 | |||||||||||||
750,000 | Chevron USA, Inc | 3.900 | 11/15/24 | 825,809 | |||||||||||||
2,000,000 | Chevron USA, Inc | 0.687 | 08/12/25 | 1,961,626 | |||||||||||||
2,000,000 | Chevron USA, Inc | 1.018 | 08/12/27 | 1,924,387 | |||||||||||||
1,000,000 | Chevron USA, Inc | 3.250 | 10/15/29 | 1,077,802 | |||||||||||||
875,000 | Chevron USA, Inc | 6.000 | 03/01/41 | 1,213,480 | |||||||||||||
450,000 | Chevron USA, Inc | 5.250 | 11/15/43 | 582,197 | |||||||||||||
175,000 | Chevron USA, Inc | 5.050 | 11/15/44 | 221,985 | |||||||||||||
200,000 | Chevron USA, Inc | 4.950 | 08/15/47 | 251,455 | |||||||||||||
1,000,000 | Chevron USA, Inc | 4.200 | 10/15/49 | 1,138,772 | |||||||||||||
250,000 | Chevron USA, Inc | 2.343 | 08/12/50 | 207,774 | |||||||||||||
375,000 | Dollar General Corp | 3.250 | 04/15/23 | 394,589 | |||||||||||||
355,000 | Dollar General Corp | 4.150 | 11/01/25 | 396,739 | |||||||||||||
300,000 | Dollar General Corp | 3.875 | 04/15/27 | 333,323 | |||||||||||||
500,000 | Dollar General Corp | 4.125 | 05/01/28 | 560,036 | |||||||||||||
500,000 | Dollar General Corp | 3.500 | 04/03/30 | 539,066 | |||||||||||||
500,000 | Dollar General Corp | 4.125 | 04/03/50 | 553,851 | |||||||||||||
1,500,000 | Dollar Tree, Inc | 3.700 | 05/15/23 | 1,592,398 | |||||||||||||
500,000 | Dollar Tree, Inc | 4.000 | 05/15/25 | 552,053 | |||||||||||||
500,000 | Dollar Tree, Inc | 4.200 | 05/15/28 | 560,688 | |||||||||||||
375,000 | eBay, Inc | 2.750 | 01/30/23 | 390,494 | |||||||||||||
400,000 | eBay, Inc | 3.450 | 08/01/24 | 431,122 | |||||||||||||
1,200,000 | eBay, Inc | 3.600 | 06/05/27 | 1,307,115 | |||||||||||||
1,200,000 | eBay, Inc | 2.700 | 03/11/30 | 1,212,471 | |||||||||||||
200,000 | eBay, Inc | 4.000 | 07/15/42 | 211,988 | |||||||||||||
500,000 | g | Expedia Group, Inc | 3.600 | 12/15/23 | 532,177 | ||||||||||||
300,000 | Expedia Group, Inc | 4.500 | 08/15/24 | 326,930 | |||||||||||||
1,200,000 | Expedia Group, Inc | 5.000 | 02/15/26 | 1,354,232 | |||||||||||||
750,000 | g | Expedia Group, Inc | 4.625 | 08/01/27 | 834,558 | ||||||||||||
175,000 | Expedia Group, Inc | 3.800 | 02/15/28 | 185,356 | |||||||||||||
750,000 | Expedia Group, Inc | 3.250 | 02/15/30 | 754,834 | |||||||||||||
1,000,000 | g | Expedia Group, Inc | 2.950 | 03/15/31 | 986,300 | ||||||||||||
1,500,000 | Genuine Parts Co | 1.875 | 11/01/30 | 1,382,540 | |||||||||||||
850,000 | Home Depot, Inc | 3.250 | 03/01/22 | 873,947 | |||||||||||||
700,000 | Home Depot, Inc | 2.625 | 06/01/22 | 717,624 | |||||||||||||
800,000 | Home Depot, Inc | 2.700 | 04/01/23 | 832,564 | |||||||||||||
550,000 | Home Depot, Inc | 3.750 | 02/15/24 | 597,075 | |||||||||||||
350,000 | Home Depot, Inc | 3.350 | 09/15/25 | 382,494 | |||||||||||||
1,925,000 | Home Depot, Inc | 3.000 | 04/01/26 | 2,080,858 | |||||||||||||
1,550,000 | Home Depot, Inc | 2.125 | 09/15/26 | 1,616,410 | |||||||||||||
2,000,000 | e | Home Depot, Inc | 0.900 | 03/15/28 | 1,908,736 | ||||||||||||
825,000 | Home Depot, Inc | 3.900 | 12/06/28 | 944,911 |
78 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 2,333,000 | Home Depot, Inc | 2.950 | % | 06/15/29 | $ | 2,473,490 | ||||||||||
375,000 | Home Depot, Inc | 2.700 | 04/15/30 | 390,923 | |||||||||||||
2,000,000 | Home Depot, Inc | 1.375 | 03/15/31 | 1,849,439 | |||||||||||||
425,000 | Home Depot, Inc | 5.875 | 12/16/36 | 585,417 | |||||||||||||
150,000 | Home Depot, Inc | 5.950 | 04/01/41 | 208,174 | |||||||||||||
675,000 | Home Depot, Inc | 4.200 | 04/01/43 | 783,948 | |||||||||||||
450,000 | Home Depot, Inc | 4.875 | 02/15/44 | 571,692 | |||||||||||||
650,000 | Home Depot, Inc | 4.400 | 03/15/45 | 780,433 | |||||||||||||
725,000 | Home Depot, Inc | 4.250 | 04/01/46 | 853,185 | |||||||||||||
2,100,000 | Home Depot, Inc | 3.900 | 06/15/47 | 2,360,172 | |||||||||||||
2,000,000 | Home Depot, Inc | 4.500 | 12/06/48 | 2,446,653 | |||||||||||||
1,000,000 | Home Depot, Inc | 3.125 | 12/15/49 | 982,679 | |||||||||||||
2,655,000 | Home Depot, Inc | 3.350 | 04/15/50 | 2,753,555 | |||||||||||||
3,000,000 | Home Depot, Inc | 2.375 | 03/15/51 | 2,574,538 | |||||||||||||
675,000 | Home Depot, Inc | 3.500 | 09/15/56 | 696,160 | |||||||||||||
500,000 | JD.com, Inc | 3.375 | 01/14/30 | 515,318 | |||||||||||||
500,000 | JD.com, Inc | 4.125 | 01/14/50 | 502,205 | |||||||||||||
1,000,000 | Kohl’s Corp | 3.250 | 02/01/23 | 1,035,712 | |||||||||||||
55,000 | Kohl’s Corp | 4.750 | 12/15/23 | 59,942 | |||||||||||||
300,000 | Kohl’s Corp | 9.500 | 05/15/25 | 388,987 | |||||||||||||
200,000 | Kohl’s Corp | 4.250 | 07/17/25 | 219,000 | |||||||||||||
750,000 | Kohl’s Corp | 3.375 | 05/01/31 | 750,587 | |||||||||||||
200,000 | Kohl’s Corp | 5.550 | 07/17/45 | 226,585 | |||||||||||||
200,000 | Lowe’s Cos, Inc | 3.800 | 11/15/21 | 202,512 | |||||||||||||
1,025,000 | Lowe’s Cos, Inc | 3.120 | 04/15/22 | 1,047,489 | |||||||||||||
300,000 | Lowe’s Cos, Inc | 3.875 | 09/15/23 | 321,733 | |||||||||||||
400,000 | Lowe’s Cos, Inc | 3.125 | 09/15/24 | 429,349 | |||||||||||||
1,100,000 | Lowe’s Cos, Inc | 3.375 | 09/15/25 | 1,196,678 | |||||||||||||
500,000 | Lowe’s Cos, Inc | 2.500 | 04/15/26 | 526,102 | |||||||||||||
2,000,000 | Lowe’s Cos, Inc | 1.300 | 04/15/28 | 1,900,349 | |||||||||||||
775,000 | Lowe’s Cos, Inc | 3.650 | 04/05/29 | 848,312 | |||||||||||||
306,000 | Lowe’s Cos, Inc | 4.500 | 04/15/30 | 352,969 | |||||||||||||
1,500,000 | Lowe’s Cos, Inc | 1.700 | 10/15/30 | 1,408,970 | |||||||||||||
800,000 | Lowe’s Cos, Inc | 2.625 | 04/01/31 | 802,278 | |||||||||||||
56,000 | Lowe’s Cos, Inc | 4.250 | 09/15/44 | 60,132 | |||||||||||||
1,075,000 | Lowe’s Cos, Inc | 3.700 | 04/15/46 | 1,122,406 | |||||||||||||
2,000,000 | Lowe’s Cos, Inc | 4.050 | 05/03/47 | 2,192,968 | |||||||||||||
1,425,000 | Lowe’s Cos, Inc | 4.550 | 04/05/49 | 1,672,494 | |||||||||||||
1,320,000 | e | Lowe’s Cos, Inc | 5.125 | 04/15/50 | 1,693,044 | ||||||||||||
450,000 | Lowe’s Cos, Inc | 3.000 | 10/15/50 | 419,723 | |||||||||||||
1,000,000 | Lowe’s Cos, Inc | 3.500 | 04/01/51 | 1,017,125 | |||||||||||||
900,000 | O’Reilly Automotive, Inc | 3.800 | 09/01/22 | 933,233 | |||||||||||||
1,000,000 | O’Reilly Automotive, Inc | 3.600 | 09/01/27 | 1,093,128 | |||||||||||||
300,000 | O’Reilly Automotive, Inc | 4.350 | 06/01/28 | 340,010 | |||||||||||||
500,000 | O’Reilly Automotive, Inc | 3.900 | 06/01/29 | 547,909 | |||||||||||||
200,000 | O’Reilly Automotive, Inc | 1.750 | 03/15/31 | 184,782 | |||||||||||||
200,000 | Priceline Group, Inc | 2.750 | 03/15/23 | 208,410 | |||||||||||||
300,000 | Priceline Group, Inc | 3.650 | 03/15/25 | 326,741 | |||||||||||||
300,000 | Priceline Group, Inc | 3.600 | 06/01/26 | 327,990 | |||||||||||||
900,000 | Priceline Group, Inc | 3.550 | 03/15/28 | 982,908 | |||||||||||||
300,000 | Ross Stores, Inc | 4.600 | 04/15/25 | 336,578 | |||||||||||||
500,000 | Ross Stores, Inc | 0.875 | 04/15/26 | 483,884 | |||||||||||||
55,000 | Ross Stores, Inc | 4.700 | 04/15/27 | 62,597 |
79 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 500,000 | Ross Stores, Inc | 1.875 | % | 04/15/31 | $ | 469,044 | ||||||||||
350,000 | Target Corp | 3.500 | 07/01/24 | 382,262 | |||||||||||||
200,000 | Target Corp | 2.250 | 04/15/25 | 209,543 | |||||||||||||
1,700,000 | Target Corp | 2.500 | 04/15/26 | 1,803,385 | |||||||||||||
1,500,000 | Target Corp | 3.375 | 04/15/29 | 1,639,690 | |||||||||||||
600,000 | Target Corp | 2.350 | 02/15/30 | 608,305 | |||||||||||||
5,000,000 | Target Corp | 2.650 | 09/15/30 | 5,178,233 | |||||||||||||
300,000 | TJX Cos, Inc | 2.500 | 05/15/23 | 311,604 | |||||||||||||
525,000 | TJX Cos, Inc | 2.250 | 09/15/26 | 545,474 | |||||||||||||
500,000 | TJX Cos, Inc | 3.750 | 04/15/27 | 556,726 | |||||||||||||
2,750,000 | TJX Cos, Inc | 1.150 | 05/15/28 | 2,609,314 | |||||||||||||
500,000 | TJX Cos, Inc | 1.600 | 05/15/31 | 466,387 | |||||||||||||
650,000 | Tractor Supply Co | 1.750 | 11/01/30 | 599,666 | |||||||||||||
TOTAL RETAILING | 143,814,760 | ||||||||||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.5% | |||||||||||||||||
200,000 | Altera Corp | 4.100 | 11/15/23 | 219,336 | |||||||||||||
300,000 | Analog Devices, Inc | 2.500 | 12/05/21 | 303,824 | |||||||||||||
1,825,000 | Analog Devices, Inc | 3.125 | 12/05/23 | 1,942,654 | |||||||||||||
250,000 | Analog Devices, Inc | 2.950 | 04/01/25 | 265,686 | |||||||||||||
1,175,000 | Analog Devices, Inc | 3.500 | 12/05/26 | 1,285,741 | |||||||||||||
100,000 | Analog Devices, Inc | 4.500 | 12/05/36 | 110,343 | |||||||||||||
200,000 | Analog Devices, Inc | 5.300 | 12/15/45 | 248,383 | |||||||||||||
1,000,000 | Applied Materials, Inc | 3.300 | 04/01/27 | 1,088,132 | |||||||||||||
950,000 | Applied Materials, Inc | 1.750 | 06/01/30 | 914,693 | |||||||||||||
250,000 | Applied Materials, Inc | 5.100 | 10/01/35 | 318,870 | |||||||||||||
100,000 | Applied Materials, Inc | 5.850 | 06/15/41 | 138,524 | |||||||||||||
1,200,000 | Applied Materials, Inc | 4.350 | 04/01/47 | 1,425,264 | |||||||||||||
775,000 | Applied Materials, Inc | 2.750 | 06/01/50 | 719,187 | |||||||||||||
117,000 | Broadcom, Inc | 3.150 | 11/15/25 | 124,702 | |||||||||||||
4,399,000 | Broadcom, Inc | 3.459 | 09/15/26 | 4,717,745 | |||||||||||||
2,000,000 | e,g | Broadcom, Inc | 1.950 | 02/15/28 | 1,955,043 | ||||||||||||
3,706,000 | Broadcom, Inc | 4.110 | 09/15/28 | 4,051,586 | |||||||||||||
3,000,000 | Broadcom, Inc | 4.750 | 04/15/29 | 3,373,137 | |||||||||||||
750,000 | Broadcom, Inc | 5.000 | 04/15/30 | 854,787 | |||||||||||||
850,000 | Broadcom, Inc | 4.150 | 11/15/30 | 917,456 | |||||||||||||
1,500,000 | g | Broadcom, Inc | 2.450 | 02/15/31 | 1,415,710 | ||||||||||||
1,500,000 | Broadcom, Inc | 4.300 | 11/15/32 | 1,633,105 | |||||||||||||
1,500,000 | g | Broadcom, Inc | 2.600 | 02/15/33 | 1,397,304 | ||||||||||||
5,883,000 | g | Broadcom, Inc | 3.419 | 04/15/33 | 5,899,848 | ||||||||||||
2,522,000 | g,h | Broadcom, Inc | 3.469 | 04/15/34 | 2,530,623 | ||||||||||||
850,000 | g | Broadcom, Inc | 3.500 | 02/15/41 | 814,082 | ||||||||||||
3,000,000 | g | Broadcom, Inc | 3.750 | 02/15/51 | 2,868,648 | ||||||||||||
1,600,000 | Intel Corp | 3.100 | 07/29/22 | 1,657,346 | |||||||||||||
1,700,000 | �� | Intel Corp | 2.700 | 12/15/22 | 1,768,439 | ||||||||||||
2,050,000 | Intel Corp | 3.700 | 07/29/25 | 2,260,703 | |||||||||||||
2,480,000 | Intel Corp | 2.600 | 05/19/26 | 2,630,778 | |||||||||||||
1,500,000 | Intel Corp | 3.900 | 03/25/30 | 1,702,429 | |||||||||||||
250,000 | Intel Corp | 4.000 | 12/15/32 | 287,969 | |||||||||||||
200,000 | Intel Corp | 4.100 | 05/19/46 | 226,716 | |||||||||||||
675,000 | Intel Corp | 4.100 | 05/11/47 | 762,094 | |||||||||||||
3,328,000 | Intel Corp | 3.734 | 12/08/47 | 3,584,895 | |||||||||||||
2,500,000 | Intel Corp | 3.250 | 11/15/49 | 2,514,281 | |||||||||||||
3,175,000 | Intel Corp | 4.750 | 03/25/50 | 3,979,838 |
80 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 1,000,000 | Intel Corp | 3.100 | % | 02/15/60 | $ | 944,420 | ||||||||||
1,000,000 | KLA Corp | 3.300 | 03/01/50 | 960,491 | |||||||||||||
200,000 | Lam Research Corp | 3.800 | 03/15/25 | 219,749 | |||||||||||||
150,000 | Lam Research Corp | 3.750 | 03/15/26 | 166,259 | |||||||||||||
275,000 | Lam Research Corp | 4.000 | 03/15/29 | 311,420 | |||||||||||||
125,000 | Lam Research Corp | 1.900 | 06/15/30 | 121,147 | |||||||||||||
825,000 | Lam Research Corp | 4.875 | 03/15/49 | 1,063,033 | |||||||||||||
200,000 | Lam Research Corp | 2.875 | 06/15/50 | 190,648 | |||||||||||||
1,200,000 | Lam Research Corp | 3.125 | 06/15/60 | 1,158,234 | |||||||||||||
350,000 | Marvell Technology Group Ltd | 4.200 | 06/22/23 | 374,495 | |||||||||||||
350,000 | Marvell Technology Group Ltd | 4.875 | 06/22/28 | 401,205 | |||||||||||||
200,000 | Maxim Integrated Products, Inc | 3.375 | 03/15/23 | 209,419 | |||||||||||||
400,000 | Maxim Integrated Products, Inc | 3.450 | 06/15/27 | 436,988 | |||||||||||||
1,000,000 | Microchip Technology, Inc | 4.333 | 06/01/23 | 1,072,542 | |||||||||||||
750,000 | Micron Technology, Inc | 2.497 | 04/24/23 | 778,418 | |||||||||||||
475,000 | Micron Technology, Inc | 4.640 | 02/06/24 | 523,054 | |||||||||||||
425,000 | Micron Technology, Inc | 4.975 | 02/06/26 | 486,325 | |||||||||||||
750,000 | Micron Technology, Inc | 4.185 | 02/15/27 | 832,722 | |||||||||||||
400,000 | Micron Technology, Inc | 5.327 | 02/06/29 | 470,573 | |||||||||||||
500,000 | Micron Technology, Inc | 4.663 | 02/15/30 | 567,968 | |||||||||||||
525,000 | NVIDIA Corp | 2.200 | 09/16/21 | 528,829 | |||||||||||||
800,000 | NVIDIA Corp | 3.200 | 09/16/26 | 872,679 | |||||||||||||
750,000 | NVIDIA Corp | 2.850 | 04/01/30 | 787,650 | |||||||||||||
1,000,000 | NVIDIA Corp | 3.500 | 04/01/40 | 1,075,677 | |||||||||||||
2,067,000 | NVIDIA Corp | 3.500 | 04/01/50 | 2,183,176 | |||||||||||||
475,000 | g | NXP BV | 4.875 | 03/01/24 | 527,942 | ||||||||||||
300,000 | g | NXP BV | 2.700 | 05/01/25 | 314,629 | ||||||||||||
425,000 | g | NXP BV | 5.350 | 03/01/26 | 496,033 | ||||||||||||
750,000 | g | NXP BV | 3.875 | 06/18/26 | 825,512 | ||||||||||||
300,000 | g | NXP BV | 3.150 | 05/01/27 | 318,793 | ||||||||||||
400,000 | g | NXP BV | 5.550 | 12/01/28 | 479,209 | ||||||||||||
750,000 | g | NXP BV | 4.300 | 06/18/29 | 838,822 | ||||||||||||
675,000 | g | NXP BV | 3.400 | 05/01/30 | 712,768 | ||||||||||||
2,800,000 | QUALCOMM, Inc | 3.250 | 05/20/27 | 3,057,634 | |||||||||||||
1,339,000 | QUALCOMM, Inc | 1.300 | 05/20/28 | 1,281,784 | |||||||||||||
1,000,000 | QUALCOMM, Inc | 2.150 | 05/20/30 | 991,429 | |||||||||||||
2,384,000 | QUALCOMM, Inc | 1.650 | 05/20/32 | 2,199,568 | |||||||||||||
750,000 | QUALCOMM, Inc | 4.650 | 05/20/35 | 915,244 | |||||||||||||
650,000 | QUALCOMM, Inc | 4.800 | 05/20/45 | 816,473 | |||||||||||||
1,525,000 | QUALCOMM, Inc | 4.300 | 05/20/47 | 1,795,298 | |||||||||||||
100,000 | Texas Instruments, Inc | 2.625 | 05/15/24 | 105,979 | |||||||||||||
325,000 | Texas Instruments, Inc | 1.375 | 03/12/25 | 330,671 | |||||||||||||
350,000 | Texas Instruments, Inc | 2.900 | 11/03/27 | 378,415 | |||||||||||||
1,000,000 | Texas Instruments, Inc | 2.250 | 09/04/29 | 1,005,561 | |||||||||||||
325,000 | Texas Instruments, Inc | 1.750 | 05/04/30 | 312,610 | |||||||||||||
350,000 | Texas Instruments, Inc | 3.875 | 03/15/39 | 401,666 | |||||||||||||
1,200,000 | Texas Instruments, Inc | 4.150 | 05/15/48 | 1,427,640 | |||||||||||||
475,000 | Xilinx, Inc | 2.950 | 06/01/24 | 504,186 | |||||||||||||
1,000,000 | Xilinx, Inc | 2.375 | 06/01/30 | 977,318 | |||||||||||||
TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | 100,662,206 | ||||||||||||||||
SOFTWARE & SERVICES - 1.1% | |||||||||||||||||
775,000 | Adobe Systems, Inc | 3.250 | 02/01/25 | 838,175 |
81 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 125,000 | Adobe, Inc | 1.700 | % | 02/01/23 | $ | 128,160 | ||||||||||
500,000 | Adobe, Inc | 1.900 | 02/01/25 | 516,914 | |||||||||||||
1,000,000 | Adobe, Inc | 2.150 | 02/01/27 | 1,031,832 | |||||||||||||
925,000 | Adobe, Inc | 2.300 | 02/01/30 | 935,456 | |||||||||||||
1,000,000 | Amdocs Ltd | 2.538 | 06/15/30 | 983,232 | |||||||||||||
250,000 | Autodesk, Inc | 4.375 | 06/15/25 | 279,450 | |||||||||||||
450,000 | Autodesk, Inc | 3.500 | 06/15/27 | 492,076 | |||||||||||||
750,000 | Autodesk, Inc | 2.850 | 01/15/30 | 769,582 | |||||||||||||
700,000 | Automatic Data Processing, Inc | 3.375 | 09/15/25 | 770,544 | |||||||||||||
900,000 | Automatic Data Processing, Inc | 1.250 | 09/01/30 | 824,516 | |||||||||||||
900,000 | Baidu, Inc | 2.875 | 07/06/22 | 921,810 | |||||||||||||
700,000 | Baidu, Inc | 3.875 | 09/29/23 | 748,107 | |||||||||||||
525,000 | Baidu, Inc | 4.375 | 05/14/24 | 575,913 | |||||||||||||
200,000 | Baidu, Inc | 3.075 | 04/07/25 | 210,393 | |||||||||||||
1,000,000 | Baidu, Inc | 1.720 | 04/09/26 | 993,879 | |||||||||||||
300,000 | Baidu, Inc | 3.625 | 07/06/27 | 325,494 | |||||||||||||
500,000 | Baidu, Inc | 4.375 | 03/29/28 | 551,437 | |||||||||||||
500,000 | e | Baidu, Inc | 4.875 | 11/14/28 | 574,979 | ||||||||||||
300,000 | Baidu, Inc | 3.425 | 04/07/30 | 313,591 | |||||||||||||
750,000 | Baidu, Inc | 2.375 | 10/09/30 | 723,116 | |||||||||||||
350,000 | Broadridge Financial Solutions, Inc | 3.400 | 06/27/26 | 379,419 | |||||||||||||
1,000,000 | Broadridge Financial Solutions, Inc | 2.900 | 12/01/29 | 1,024,696 | |||||||||||||
150,000 | CA, Inc | 4.700 | 03/15/27 | 167,967 | |||||||||||||
1,500,000 | Citrix Systems, Inc | 1.250 | 03/01/26 | 1,474,616 | |||||||||||||
500,000 | Citrix Systems, Inc | 4.500 | 12/01/27 | 569,398 | |||||||||||||
750,000 | Citrix Systems, Inc | 3.300 | 03/01/30 | 771,401 | |||||||||||||
375,000 | DXC Technology Co | 4.250 | 04/15/24 | 406,316 | |||||||||||||
500,000 | DXC Technology Co | 4.125 | 04/15/25 | 543,736 | |||||||||||||
200,000 | DXC Technology Co | 4.750 | 04/15/27 | 223,282 | |||||||||||||
125,000 | Fidelity National Information Services, Inc | 3.500 | 04/15/23 | 131,639 | |||||||||||||
3,000,000 | Fidelity National Information Services, Inc | 0.600 | 03/01/24 | 2,982,626 | |||||||||||||
1,500,000 | Fidelity National Information Services, Inc | 1.150 | 03/01/26 | 1,474,887 | |||||||||||||
1,500,000 | Fidelity National Information Services, Inc | 1.650 | 03/01/28 | 1,466,910 | |||||||||||||
825,000 | Fidelity National Information Services, Inc | 2.250 | 03/01/31 | 810,575 | |||||||||||||
425,000 | Fidelity National Information Services, Inc | 3.100 | 03/01/41 | 417,474 | |||||||||||||
300,000 | Fidelity National Information Services, Inc | 4.500 | 08/15/46 | 344,696 | |||||||||||||
150,000 | Fidelity National Information Services, Inc | 4.750 | 05/15/48 | 179,330 | |||||||||||||
1,350,000 | Fiserv, Inc | 3.500 | 10/01/22 | 1,400,768 | |||||||||||||
125,000 | Fiserv, Inc | 3.800 | 10/01/23 | 134,384 | |||||||||||||
2,000,000 | Fiserv, Inc | 2.750 | 07/01/24 | 2,113,433 | |||||||||||||
1,675,000 | Fiserv, Inc | 3.850 | 06/01/25 | 1,839,615 | |||||||||||||
900,000 | Fiserv, Inc | 3.200 | 07/01/26 | 971,404 | |||||||||||||
1,125,000 | Fiserv, Inc | 3.500 | 07/01/29 | 1,213,424 | |||||||||||||
675,000 | Fiserv, Inc | 2.650 | 06/01/30 | 679,809 | |||||||||||||
2,300,000 | Fiserv, Inc | 4.400 | 07/01/49 | 2,654,063 | |||||||||||||
1,000,000 | Fortinet, Inc | 1.000 | 03/15/26 | 977,702 | |||||||||||||
1,000,000 | Fortinet, Inc | 2.200 | 03/15/31 | 967,919 | |||||||||||||
125,000 | Global Payments, Inc | 3.750 | 06/01/23 | 132,632 | |||||||||||||
500,000 | Global Payments, Inc | 4.000 | 06/01/23 | 535,317 | |||||||||||||
575,000 | Global Payments, Inc | 2.650 | 02/15/25 | 604,141 | |||||||||||||
2,500,000 | Global Payments, Inc | 1.200 | 03/01/26 | 2,461,058 | |||||||||||||
300,000 | Global Payments, Inc | 4.800 | 04/01/26 | 343,056 | |||||||||||||
500,000 | Global Payments, Inc | 4.450 | 06/01/28 | 573,345 | |||||||||||||
475,000 | Global Payments, Inc | 3.200 | 08/15/29 | 500,275 |
82 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 325,000 | Global Payments, Inc | 2.900 | % | 05/15/30 | $ | 331,772 | ||||||||||
1,250,000 | Global Payments, Inc | 4.150 | 08/15/49 | 1,363,964 | |||||||||||||
425,000 | International Business Machines Corp | 2.500 | 01/27/22 | 432,880 | |||||||||||||
750,000 | International Business Machines Corp | 1.875 | 08/01/22 | 766,641 | |||||||||||||
750,000 | International Business Machines Corp | 2.875 | 11/09/22 | 781,492 | |||||||||||||
550,000 | International Business Machines Corp | 3.375 | 08/01/23 | 589,662 | |||||||||||||
600,000 | International Business Machines Corp | 3.625 | 02/12/24 | 653,948 | |||||||||||||
3,000,000 | International Business Machines Corp | 3.000 | 05/15/24 | 3,216,741 | |||||||||||||
350,000 | International Business Machines Corp | 3.450 | 02/19/26 | 385,018 | |||||||||||||
2,500,000 | International Business Machines Corp | 3.300 | 05/15/26 | 2,722,995 | |||||||||||||
1,000,000 | International Business Machines Corp | 1.700 | 05/15/27 | 999,861 | |||||||||||||
2,675,000 | International Business Machines Corp | 3.500 | 05/15/29 | 2,910,001 | |||||||||||||
900,000 | International Business Machines Corp | 1.950 | 05/15/30 | 871,201 | |||||||||||||
1,850,000 | International Business Machines Corp | 4.150 | 05/15/39 | 2,095,883 | |||||||||||||
19,000 | International Business Machines Corp | 5.600 | 11/30/39 | 25,103 | |||||||||||||
450,000 | International Business Machines Corp | 2.850 | 05/15/40 | 433,800 | |||||||||||||
1,060,000 | International Business Machines Corp | 4.000 | 06/20/42 | 1,192,262 | |||||||||||||
1,500,000 | International Business Machines Corp | 4.700 | 02/19/46 | 1,828,432 | |||||||||||||
2,500,000 | International Business Machines Corp | 4.250 | 05/15/49 | 2,877,818 | |||||||||||||
975,000 | International Business Machines Corp | 2.950 | 05/15/50 | 906,250 | |||||||||||||
350,000 | Intuit, Inc | 0.650 | 07/15/23 | 351,626 | |||||||||||||
300,000 | Intuit, Inc | 0.950 | 07/15/25 | 297,671 | |||||||||||||
350,000 | Intuit, Inc | 1.350 | 07/15/27 | 344,173 | |||||||||||||
350,000 | Intuit, Inc | 1.650 | 07/15/30 | 331,960 | |||||||||||||
1,000,000 | Mastercard, Inc | 3.375 | 04/01/24 | 1,086,060 | |||||||||||||
1,000,000 | Mastercard, Inc | 2.000 | 03/03/25 | 1,043,302 | |||||||||||||
425,000 | Mastercard, Inc | 2.950 | 11/21/26 | 458,539 | |||||||||||||
750,000 | Mastercard, Inc | 3.500 | 02/26/28 | 828,879 | |||||||||||||
1,000,000 | Mastercard, Inc | 2.950 | 06/01/29 | 1,072,276 | |||||||||||||
625,000 | Mastercard, Inc | 1.900 | 03/15/31 | 614,332 | |||||||||||||
200,000 | Mastercard, Inc | 3.800 | 11/21/46 | 220,615 | |||||||||||||
300,000 | Mastercard, Inc | 3.950 | 02/26/48 | 339,430 | |||||||||||||
1,000,000 | Mastercard, Inc | 3.650 | 06/01/49 | 1,091,458 | |||||||||||||
1,350,000 | Mastercard, Inc | 3.850 | 03/26/50 | 1,529,753 | |||||||||||||
850,000 | Mastercard, Inc | 2.950 | 03/15/51 | 837,070 | |||||||||||||
1,300,000 | Microsoft Corp | 2.375 | 02/12/22 | 1,321,729 | |||||||||||||
725,000 | Microsoft Corp | 2.650 | 11/03/22 | 750,629 | |||||||||||||
575,000 | Microsoft Corp | 2.125 | 11/15/22 | 592,226 | |||||||||||||
275,000 | Microsoft Corp | 2.375 | 05/01/23 | 285,451 | |||||||||||||
1,450,000 | Microsoft Corp | 2.000 | 08/08/23 | 1,503,367 | |||||||||||||
800,000 | Microsoft Corp | 3.625 | 12/15/23 | 863,985 | |||||||||||||
975,000 | Microsoft Corp | 2.700 | 02/12/25 | 1,042,437 | |||||||||||||
1,075,000 | Microsoft Corp | 3.125 | 11/03/25 | 1,171,697 | |||||||||||||
2,925,000 | Microsoft Corp | 2.400 | 08/08/26 | 3,092,469 | |||||||||||||
5,739,000 | Microsoft Corp | 3.300 | 02/06/27 | 6,334,179 | |||||||||||||
150,000 | Microsoft Corp | 3.500 | 02/12/35 | 167,709 | |||||||||||||
1,072,000 | Microsoft Corp | 3.450 | 08/08/36 | 1,188,064 | |||||||||||||
8,038,000 | Microsoft Corp | 2.525 | 06/01/50 | 7,319,190 | |||||||||||||
6,265,000 | Microsoft Corp | 2.921 | 03/17/52 | 6,171,353 | |||||||||||||
7,374,000 | Microsoft Corp | 2.675 | 06/01/60 | 6,769,011 | |||||||||||||
1,073,000 | Microsoft Corp | 3.041 | 03/17/62 | 1,051,970 | |||||||||||||
1,600,000 | Oracle Corp | 2.500 | 05/15/22 | 1,631,234 | |||||||||||||
2,150,000 | Oracle Corp | 2.500 | 10/15/22 | 2,218,728 |
83 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 800,000 | Oracle Corp | 2.625 | % | 02/15/23 | $ | 828,433 | ||||||||||
225,000 | Oracle Corp | 3.625 | 07/15/23 | 239,994 | |||||||||||||
2,375,000 | Oracle Corp | 2.400 | 09/15/23 | 2,471,019 | |||||||||||||
1,225,000 | Oracle Corp | 3.400 | 07/08/24 | 1,316,208 | |||||||||||||
900,000 | Oracle Corp | 2.950 | 11/15/24 | 960,171 | |||||||||||||
6,500,000 | Oracle Corp | 2.500 | 04/01/25 | 6,829,664 | |||||||||||||
1,650,000 | Oracle Corp | 2.950 | 05/15/25 | 1,757,355 | |||||||||||||
3,000,000 | Oracle Corp | 1.650 | 03/25/26 | 3,023,688 | |||||||||||||
2,884,000 | Oracle Corp | 2.650 | 07/15/26 | 3,026,526 | |||||||||||||
1,000,000 | Oracle Corp | 2.800 | 04/01/27 | 1,053,142 | |||||||||||||
3,000,000 | Oracle Corp | 2.300 | 03/25/28 | 3,037,259 | |||||||||||||
1,000,000 | Oracle Corp | 2.950 | 04/01/30 | 1,031,146 | |||||||||||||
400,000 | Oracle Corp | 3.250 | 05/15/30 | 419,523 | |||||||||||||
3,000,000 | Oracle Corp | 2.875 | 03/25/31 | 3,053,800 | |||||||||||||
2,497,000 | Oracle Corp | 4.300 | 07/08/34 | 2,809,315 | |||||||||||||
650,000 | Oracle Corp | 3.900 | 05/15/35 | 702,531 | |||||||||||||
1,225,000 | Oracle Corp | 3.850 | 07/15/36 | 1,302,822 | |||||||||||||
4,000,000 | Oracle Corp | 3.800 | 11/15/37 | 4,154,391 | |||||||||||||
100,000 | Oracle Corp | 6.500 | 04/15/38 | 137,918 | |||||||||||||
470,000 | Oracle Corp | 6.125 | 07/08/39 | 624,472 | |||||||||||||
675,000 | Oracle Corp | 3.600 | 04/01/40 | 677,915 | |||||||||||||
325,000 | Oracle Corp | 5.375 | 07/15/40 | 398,613 | |||||||||||||
2,000,000 | Oracle Corp | 3.650 | 03/25/41 | 2,023,866 | |||||||||||||
500,000 | Oracle Corp | 4.500 | 07/08/44 | 552,027 | |||||||||||||
325,000 | Oracle Corp | 4.125 | 05/15/45 | 340,076 | |||||||||||||
2,025,000 | Oracle Corp | 4.000 | 07/15/46 | 2,084,721 | |||||||||||||
3,100,000 | Oracle Corp | 4.000 | 11/15/47 | 3,201,374 | |||||||||||||
7,350,000 | Oracle Corp | 3.600 | 04/01/50 | 7,119,077 | |||||||||||||
2,000,000 | Oracle Corp | 3.950 | 03/25/51 | 2,061,728 | |||||||||||||
500,000 | Oracle Corp | 4.375 | 05/15/55 | 545,828 | |||||||||||||
1,500,000 | Oracle Corp | 3.850 | 04/01/60 | 1,471,839 | |||||||||||||
2,000,000 | Oracle Corp | 4.100 | 03/25/61 | 2,069,682 | |||||||||||||
550,000 | PayPal Holdings, Inc | 2.200 | 09/26/22 | 564,412 | |||||||||||||
1,000,000 | PayPal Holdings, Inc | 1.350 | 06/01/23 | 1,017,681 | |||||||||||||
1,000,000 | PayPal Holdings, Inc | 2.400 | 10/01/24 | 1,050,790 | |||||||||||||
1,000,000 | PayPal Holdings, Inc | 1.650 | 06/01/25 | 1,018,403 | |||||||||||||
1,000,000 | PayPal Holdings, Inc | 2.850 | 10/01/29 | 1,041,834 | |||||||||||||
500,000 | PayPal Holdings, Inc | 2.300 | 06/01/30 | 495,305 | |||||||||||||
1,000,000 | PayPal Holdings, Inc | 3.250 | 06/01/50 | 994,961 | |||||||||||||
725,000 | salesforce.com, Inc | 3.250 | 04/11/23 | 765,868 | |||||||||||||
925,000 | salesforce.com, Inc | 3.700 | 04/11/28 | 1,033,141 | |||||||||||||
1,000,000 | ServiceNow, Inc | 1.400 | 09/01/30 | 903,879 | |||||||||||||
450,000 | Visa, Inc | 2.150 | 09/15/22 | 461,568 | |||||||||||||
1,025,000 | Visa, Inc | 2.800 | 12/14/22 | 1,064,692 | |||||||||||||
3,725,000 | Visa, Inc | 3.150 | 12/14/25 | 4,062,859 | |||||||||||||
1,175,000 | Visa, Inc | 0.750 | 08/15/27 | 1,128,058 | |||||||||||||
700,000 | Visa, Inc | 2.750 | 09/15/27 | 747,136 | |||||||||||||
475,000 | Visa, Inc | 2.050 | 04/15/30 | 474,168 | |||||||||||||
1,500,000 | Visa, Inc | 1.100 | 02/15/31 | 1,364,896 | |||||||||||||
250,000 | Visa, Inc | 4.150 | 12/14/35 | 295,589 | |||||||||||||
1,500,000 | Visa, Inc | 2.700 | 04/15/40 | 1,468,998 | |||||||||||||
2,325,000 | Visa, Inc | 4.300 | 12/14/45 | 2,804,177 | |||||||||||||
1,125,000 | Visa, Inc | 3.650 | 09/15/47 | 1,243,571 | |||||||||||||
750,000 | Visa, Inc | 2.000 | 08/15/50 | 606,813 |
84 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 1,475,000 | VMware, Inc | 2.950 | % | 08/21/22 | $ | 1,521,089 | ||||||||||
500,000 | VMware, Inc | 4.500 | 05/15/25 | 557,671 | |||||||||||||
725,000 | VMware, Inc | 3.900 | 08/21/27 | 791,567 | |||||||||||||
1,000,000 | VMware, Inc | 4.700 | 05/15/30 | 1,152,680 | |||||||||||||
1,600,000 | Western Union Co | 3.600 | 03/15/22 | 1,639,596 | |||||||||||||
200,000 | Western Union Co | 4.250 | 06/09/23 | 214,453 | |||||||||||||
500,000 | Western Union Co | 2.850 | 01/10/25 | 524,124 | |||||||||||||
1,000,000 | Western Union Co | 1.350 | 03/15/26 | 974,721 | |||||||||||||
1,000,000 | Western Union Co | 2.750 | 03/15/31 | 953,440 | |||||||||||||
TOTAL SOFTWARE & SERVICES | 218,552,528 | ||||||||||||||||
TECHNOLOGY HARDWARE & EQUIPMENT - 0.8% | |||||||||||||||||
200,000 | Amphenol Corp | 3.200 | 04/01/24 | 213,251 | |||||||||||||
250,000 | Amphenol Corp | 2.050 | 03/01/25 | 257,930 | |||||||||||||
450,000 | Amphenol Corp | 4.350 | 06/01/29 | 511,192 | |||||||||||||
1,000,000 | Amphenol Corp | 2.800 | 02/15/30 | 1,025,261 | |||||||||||||
1,250,000 | Apple, Inc | 2.150 | 02/09/22 | 1,270,587 | |||||||||||||
1,050,000 | Apple, Inc | 2.700 | 05/13/22 | 1,079,060 | |||||||||||||
275,000 | Apple, Inc | 1.700 | 09/11/22 | 280,919 | |||||||||||||
575,000 | Apple, Inc | 2.100 | 09/12/22 | 590,328 | |||||||||||||
650,000 | Apple, Inc | 2.400 | 01/13/23 | 673,818 | |||||||||||||
750,000 | Apple, Inc | 2.850 | 02/23/23 | 783,159 | |||||||||||||
925,000 | Apple, Inc | 2.400 | 05/03/23 | 966,346 | |||||||||||||
1,000,000 | Apple, Inc | 0.750 | 05/11/23 | 1,010,590 | |||||||||||||
1,150,000 | Apple, Inc | 3.000 | 02/09/24 | 1,227,161 | |||||||||||||
2,725,000 | Apple, Inc | 3.450 | 05/06/24 | 2,960,932 | |||||||||||||
1,075,000 | Apple, Inc | 2.850 | 05/11/24 | 1,146,641 | |||||||||||||
1,850,000 | Apple, Inc | 2.750 | 01/13/25 | 1,968,744 | |||||||||||||
1,075,000 | Apple, Inc | 2.500 | 02/09/25 | 1,136,876 | |||||||||||||
2,000,000 | Apple, Inc | 1.125 | 05/11/25 | 2,013,034 | |||||||||||||
1,125,000 | Apple, Inc | 3.200 | 05/13/25 | 1,220,136 | |||||||||||||
2,000,000 | Apple, Inc | 0.550 | 08/20/25 | 1,965,401 | |||||||||||||
3,000,000 | Apple, Inc | 0.700 | 02/08/26 | 2,942,414 | |||||||||||||
2,825,000 | Apple, Inc | 3.250 | 02/23/26 | 3,085,511 | |||||||||||||
1,425,000 | Apple, Inc | 2.450 | 08/04/26 | 1,501,226 | |||||||||||||
3,250,000 | Apple, Inc | 2.050 | 09/11/26 | 3,364,691 | |||||||||||||
1,075,000 | Apple, Inc | 3.350 | 02/09/27 | 1,181,069 | |||||||||||||
275,000 | Apple, Inc | 3.200 | 05/11/27 | 300,196 | |||||||||||||
3,675,000 | Apple, Inc | 3.000 | 11/13/27 | 3,984,164 | |||||||||||||
3,000,000 | Apple, Inc | 1.200 | 02/08/28 | 2,888,760 | |||||||||||||
1,000,000 | Apple, Inc | 2.200 | 09/11/29 | 1,013,269 | |||||||||||||
2,950,000 | Apple, Inc | 1.650 | 05/11/30 | 2,821,636 | |||||||||||||
3,000,000 | Apple, Inc | 1.250 | 08/20/30 | 2,774,692 | |||||||||||||
3,000,000 | Apple, Inc | 1.650 | 02/08/31 | 2,860,485 | |||||||||||||
1,600,000 | Apple, Inc | 4.500 | 02/23/36 | 1,964,131 | |||||||||||||
2,000,000 | Apple, Inc | 2.375 | 02/08/41 | 1,858,108 | |||||||||||||
350,000 | Apple, Inc | 3.850 | 05/04/43 | 395,852 | |||||||||||||
750,000 | Apple, Inc | 4.450 | 05/06/44 | 909,632 | |||||||||||||
1,350,000 | Apple, Inc | 3.450 | 02/09/45 | 1,434,862 | |||||||||||||
1,000,000 | Apple, Inc | 4.375 | 05/13/45 | 1,201,023 | |||||||||||||
1,775,000 | Apple, Inc | 4.650 | 02/23/46 | 2,207,043 | |||||||||||||
900,000 | Apple, Inc | 3.850 | 08/04/46 | 1,008,961 | |||||||||||||
1,175,000 | Apple, Inc | 4.250 | 02/09/47 | 1,398,985 |
85 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 900,000 | Apple, Inc | 3.750 | % | 09/12/47 | $ | 995,472 | ||||||||||
2,850,000 | Apple, Inc | 3.750 | 11/13/47 | 3,126,655 | |||||||||||||
3,000,000 | Apple, Inc | 2.950 | 09/11/49 | 2,871,997 | |||||||||||||
1,350,000 | Apple, Inc | 2.650 | 05/11/50 | 1,227,438 | |||||||||||||
1,375,000 | Apple, Inc | 2.400 | 08/20/50 | 1,184,367 | |||||||||||||
2,000,000 | Apple, Inc | 2.650 | 02/08/51 | 1,827,563 | |||||||||||||
25,000 | Apple, Inc | 2.550 | 08/20/60 | 21,511 | |||||||||||||
2,000,000 | Apple, Inc | 2.800 | 02/08/61 | 1,796,205 | |||||||||||||
200,000 | Arrow Electronics, Inc | 3.500 | 04/01/22 | 204,686 | |||||||||||||
425,000 | Arrow Electronics, Inc | 3.250 | 09/08/24 | 454,152 | |||||||||||||
200,000 | Arrow Electronics, Inc | 4.000 | 04/01/25 | 215,264 | |||||||||||||
425,000 | Arrow Electronics, Inc | 3.875 | 01/12/28 | 461,201 | |||||||||||||
200,000 | Avnet, Inc | 3.750 | 12/01/21 | 203,499 | |||||||||||||
300,000 | Avnet, Inc | 4.875 | 12/01/22 | 318,443 | |||||||||||||
200,000 | Avnet, Inc | 4.625 | 04/15/26 | 220,827 | |||||||||||||
828,000 | Broadcom Corp | 3.875 | 01/15/27 | 899,130 | |||||||||||||
250,000 | Broadcom Corp | 3.500 | 01/15/28 | 265,429 | |||||||||||||
400,000 | Cisco Systems, Inc | 3.000 | 06/15/22 | 413,153 | |||||||||||||
500,000 | Cisco Systems, Inc | 2.600 | 02/28/23 | 522,852 | |||||||||||||
1,100,000 | Cisco Systems, Inc | 3.625 | 03/04/24 | 1,201,066 | |||||||||||||
400,000 | Cisco Systems, Inc | 3.500 | 06/15/25 | 443,034 | |||||||||||||
500,000 | Cisco Systems, Inc | 2.950 | 02/28/26 | 542,860 | |||||||||||||
3,000,000 | Cisco Systems, Inc | 2.500 | 09/20/26 | 3,208,577 | |||||||||||||
1,000,000 | Cisco Systems, Inc | 5.900 | 02/15/39 | 1,413,867 | |||||||||||||
1,175,000 | Cisco Systems, Inc | 5.500 | 01/15/40 | 1,590,076 | |||||||||||||
300,000 | Corning, Inc | 2.900 | 05/15/22 | 306,765 | |||||||||||||
200,000 | Corning, Inc | 4.700 | 03/15/37 | 228,972 | |||||||||||||
100,000 | Corning, Inc | 5.750 | 08/15/40 | 127,964 | |||||||||||||
200,000 | Corning, Inc | 4.750 | 03/15/42 | 233,744 | |||||||||||||
300,000 | Corning, Inc | 5.350 | 11/15/48 | 383,514 | |||||||||||||
500,000 | Corning, Inc | 3.900 | 11/15/49 | 541,503 | |||||||||||||
825,000 | Corning, Inc | 4.375 | 11/15/57 | 901,034 | |||||||||||||
200,000 | Corning, Inc | 5.850 | 11/15/68 | 264,540 | |||||||||||||
1,000,000 | Corning, Inc | 5.450 | 11/15/79 | 1,243,674 | |||||||||||||
4,150,000 | g | Dell International LLC | 5.450 | 06/15/23 | 4,535,355 | ||||||||||||
875,000 | g | Dell International LLC | 4.000 | 07/15/24 | 949,565 | ||||||||||||
2,925,000 | g | Dell International LLC | 6.020 | 06/15/26 | 3,462,752 | ||||||||||||
1,050,000 | g | Dell International LLC | 4.900 | 10/01/26 | 1,191,217 | ||||||||||||
2,900,000 | g | Dell International LLC | 5.300 | 10/01/29 | 3,392,310 | ||||||||||||
1,125,000 | g | Dell International LLC | 8.100 | 07/15/36 | 1,647,810 | ||||||||||||
1,525,000 | g | Dell International LLC | 8.350 | 07/15/46 | 2,320,124 | ||||||||||||
800,000 | Flex Ltd | 4.750 | 06/15/25 | 892,452 | |||||||||||||
500,000 | Flex Ltd | 3.750 | 02/01/26 | 536,498 | |||||||||||||
600,000 | Flex Ltd | 4.875 | 06/15/29 | 677,019 | |||||||||||||
1,000,000 | Flex Ltd | 4.875 | 05/12/30 | 1,132,260 | |||||||||||||
1,000,000 | FLIR Systems, Inc | 2.500 | 08/01/30 | 979,031 | |||||||||||||
500,000 | Genpact Luxembourg Sarl | 3.375 | 12/01/24 | 537,887 | |||||||||||||
1,000,000 | Genpact Luxembourg SARL | 1.750 | 04/10/26 | 993,534 | |||||||||||||
1,000,000 | Hewlett Packard Enterprise Co | 2.250 | 04/01/23 | 1,030,031 | |||||||||||||
500,000 | Hewlett Packard Enterprise Co | 4.450 | 10/02/23 | 543,287 | |||||||||||||
1,500,000 | Hewlett Packard Enterprise Co | 1.450 | 04/01/24 | 1,524,589 | |||||||||||||
500,000 | Hewlett Packard Enterprise Co | 4.650 | 10/01/24 | 558,152 | |||||||||||||
3,000,000 | Hewlett Packard Enterprise Co | 4.900 | 10/15/25 | 3,421,173 | |||||||||||||
225,000 | Hewlett Packard Enterprise Co | 6.200 | 10/15/35 | 294,307 |
86 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 1,175,000 | Hewlett Packard Enterprise Co | 6.350 | % | 10/15/45 | $ | 1,530,811 | ||||||||||
200,000 | HP, Inc | 4.050 | 09/15/22 | 209,895 | |||||||||||||
1,000,000 | HP, Inc | 2.200 | 06/17/25 | 1,032,133 | |||||||||||||
1,000,000 | HP, Inc | 3.000 | 06/17/27 | 1,056,809 | |||||||||||||
1,000,000 | HP, Inc | 3.400 | 06/17/30 | 1,043,943 | |||||||||||||
975,000 | HP, Inc | 6.000 | 09/15/41 | 1,228,278 | |||||||||||||
1,000,000 | Jabil, Inc | 4.700 | 09/15/22 | 1,057,361 | |||||||||||||
100,000 | Jabil, Inc | 3.950 | 01/12/28 | 111,150 | |||||||||||||
750,000 | Jabil, Inc | 3.600 | 01/15/30 | 785,448 | |||||||||||||
550,000 | Jabil, Inc | 3.000 | 01/15/31 | 545,983 | |||||||||||||
1,500,000 | Juniper Networks, Inc | 1.200 | 12/10/25 | 1,475,530 | |||||||||||||
750,000 | Juniper Networks, Inc | 3.750 | 08/15/29 | 809,073 | |||||||||||||
1,500,000 | Juniper Networks, Inc | 2.000 | 12/10/30 | 1,380,333 | |||||||||||||
200,000 | Keysight Technologies, Inc | 4.550 | 10/30/24 | 223,180 | |||||||||||||
600,000 | Keysight Technologies, Inc | 4.600 | 04/06/27 | 686,886 | |||||||||||||
500,000 | Keysight Technologies, Inc | 3.000 | 10/30/29 | 519,109 | |||||||||||||
182,000 | Motorola Solutions, Inc | 4.000 | 09/01/24 | 199,333 | |||||||||||||
450,000 | Motorola Solutions, Inc | 4.600 | 02/23/28 | 512,254 | |||||||||||||
500,000 | Motorola Solutions, Inc | 4.600 | 05/23/29 | 567,153 | |||||||||||||
600,000 | Motorola Solutions, Inc | 2.300 | 11/15/30 | 567,471 | |||||||||||||
200,000 | Motorola Solutions, Inc | 5.500 | 09/01/44 | 242,482 | |||||||||||||
200,000 | NetApp, Inc | 3.300 | 09/29/24 | 215,592 | |||||||||||||
500,000 | NetApp, Inc | 1.875 | 06/22/25 | 510,380 | |||||||||||||
500,000 | NetApp, Inc | 2.375 | 06/22/27 | 510,754 | |||||||||||||
750,000 | NetApp, Inc | 2.700 | 06/22/30 | 744,614 | |||||||||||||
250,000 | Tyco Electronics Group S.A. | 3.500 | 02/03/22 | 254,628 | |||||||||||||
200,000 | Tyco Electronics Group S.A. | 3.450 | 08/01/24 | 215,480 | |||||||||||||
100,000 | Tyco Electronics Group S.A. | 3.700 | 02/15/26 | 109,427 | |||||||||||||
1,150,000 | Tyco Electronics Group S.A. | 3.125 | 08/15/27 | 1,233,650 | |||||||||||||
1,000,000 | g | Vontier Corp | 1.800 | 04/01/26 | 994,780 | ||||||||||||
1,000,000 | g | Vontier Corp | 2.400 | 04/01/28 | 982,490 | ||||||||||||
1,000,000 | g | Vontier Corp | 2.950 | 04/01/31 | 975,600 | ||||||||||||
TOTAL TECHNOLOGY HARDWARE & EQUIPMENT | 146,410,473 | ||||||||||||||||
TELECOMMUNICATION SERVICES - 1.3% | |||||||||||||||||
950,000 | America Movil SAB de C.V. | 3.125 | 07/16/22 | 981,471 | |||||||||||||
1,000,000 | America Movil SAB de C.V. | 3.625 | 04/22/29 | 1,069,120 | |||||||||||||
1,000,000 | America Movil SAB de C.V. | 2.875 | 05/07/30 | 1,020,249 | |||||||||||||
440,000 | America Movil SAB de C.V. | 6.125 | 03/30/40 | 594,208 | |||||||||||||
1,625,000 | America Movil SAB de C.V. | 4.375 | 07/16/42 | 1,824,603 | |||||||||||||
1,500,000 | America Movil SAB de C.V. | 4.375 | 04/22/49 | 1,727,205 | |||||||||||||
625,000 | AT&T, Inc | 3.000 | 06/30/22 | 642,387 | |||||||||||||
575,000 | AT&T, Inc | 2.625 | 12/01/22 | 592,816 | |||||||||||||
650,000 | AT&T, Inc | 4.050 | 12/15/23 | 710,133 | |||||||||||||
1,675,000 | AT&T, Inc | 4.450 | 04/01/24 | 1,837,232 | |||||||||||||
10,000,000 | AT&T, Inc | 1.700 | 03/25/26 | 9,996,489 | |||||||||||||
1,150,000 | AT&T, Inc | 1.650 | 02/01/28 | 1,114,087 | |||||||||||||
4,375,000 | AT&T, Inc | 4.350 | 03/01/29 | 4,948,906 | |||||||||||||
3,000,000 | AT&T, Inc | 2.250 | 02/01/32 | 2,853,414 | |||||||||||||
14,855,000 | g | AT&T, Inc | 2.550 | 12/01/33 | 14,103,201 | ||||||||||||
1,825,000 | AT&T, Inc | 4.500 | 05/15/35 | 2,058,354 | |||||||||||||
3,000,000 | AT&T, Inc | 3.500 | 06/01/41 | 2,959,320 | |||||||||||||
900,000 | AT&T, Inc | 4.900 | 06/15/42 | 1,050,284 |
87 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 2,000,000 | AT&T, Inc | 3.100 | % | 02/01/43 | $ | 1,866,122 | ||||||||||
300,000 | AT&T, Inc | 4.650 | 06/01/44 | 337,915 | |||||||||||||
2,000,000 | AT&T, Inc | 3.650 | 06/01/51 | 1,934,385 | |||||||||||||
1,175,000 | AT&T, Inc | 3.300 | 02/01/52 | 1,058,261 | |||||||||||||
11,860,000 | g | AT&T, Inc | 3.500 | 09/15/53 | 10,960,251 | ||||||||||||
8,857,000 | g | AT&T, Inc | 3.550 | 09/15/55 | 8,105,098 | ||||||||||||
6,844,000 | g | AT&T, Inc | 3.800 | 12/01/57 | 6,511,290 | ||||||||||||
8,523,000 | g | AT&T, Inc | 3.650 | 09/15/59 | 7,790,607 | ||||||||||||
1,000,000 | AT&T, Inc | 3.850 | 06/01/60 | 956,226 | |||||||||||||
2,000,000 | AT&T, Inc | 3.500 | 02/01/61 | 1,814,787 | |||||||||||||
1,000,000 | Bell Canada | 3.650 | 03/17/51 | 1,010,917 | |||||||||||||
750,000 | Bell Canada, Inc | 4.464 | 04/01/48 | 865,917 | |||||||||||||
750,000 | Bell Canada, Inc | 4.300 | 07/29/49 | 840,856 | |||||||||||||
750,000 | British Telecommunications plc | 4.500 | 12/04/23 | 820,569 | |||||||||||||
750,000 | British Telecommunications plc | 5.125 | 12/04/28 | 882,012 | |||||||||||||
1,425,000 | British Telecommunications plc | 9.625 | 12/15/30 | 2,195,343 | |||||||||||||
2,690,000 | Deutsche Telekom International Finance BV | 8.750 | 06/15/30 | 3,989,570 | |||||||||||||
2,000,000 | Orange S.A. | 4.125 | 09/14/21 | 2,030,446 | |||||||||||||
745,000 | Orange S.A. | 9.000 | 03/01/31 | 1,151,552 | |||||||||||||
900,000 | Orange S.A. | 5.375 | 01/13/42 | 1,165,593 | |||||||||||||
725,000 | Orange S.A. | 5.500 | 02/06/44 | 964,400 | |||||||||||||
200,000 | Rogers Communications, Inc | 4.100 | 10/01/23 | 215,490 | |||||||||||||
1,713,000 | Rogers Communications, Inc | 3.625 | 12/15/25 | 1,869,098 | |||||||||||||
200,000 | Rogers Communications, Inc | 2.900 | 11/15/26 | 212,165 | |||||||||||||
125,000 | Rogers Communications, Inc | 4.500 | 03/15/43 | 137,824 | |||||||||||||
300,000 | Rogers Communications, Inc | 5.450 | 10/01/43 | 372,846 | |||||||||||||
600,000 | Rogers Communications, Inc | 5.000 | 03/15/44 | 715,087 | |||||||||||||
150,000 | Rogers Communications, Inc | 4.300 | 02/15/48 | 163,165 | |||||||||||||
1,500,000 | Rogers Communications, Inc | 4.350 | 05/01/49 | 1,635,765 | |||||||||||||
1,300,000 | Rogers Communications, Inc | 3.700 | 11/15/49 | 1,290,810 | |||||||||||||
225,000 | Telefonica Emisiones SAU | 4.570 | 04/27/23 | 242,526 | |||||||||||||
1,500,000 | Telefonica Emisiones SAU | 4.103 | 03/08/27 | 1,677,217 | |||||||||||||
625,000 | Telefonica Emisiones SAU | 7.045 | 06/20/36 | 866,146 | |||||||||||||
1,200,000 | Telefonica Emisiones SAU | 4.665 | 03/06/38 | 1,355,319 | |||||||||||||
2,125,000 | Telefonica Emisiones SAU | 5.213 | 03/08/47 | 2,484,722 | |||||||||||||
1,175,000 | Telefonica Emisiones SAU | 4.895 | 03/06/48 | 1,333,114 | |||||||||||||
900,000 | Telefonica Emisiones SAU | 5.520 | 03/01/49 | 1,099,618 | |||||||||||||
567,000 | Telefonica Europe BV | 8.250 | 09/15/30 | 803,336 | |||||||||||||
325,000 | TELUS Corp | 2.800 | 02/16/27 | 345,616 | |||||||||||||
300,000 | TELUS Corp | 3.700 | 09/15/27 | 332,921 | |||||||||||||
500,000 | TELUS Corp | 4.600 | 11/16/48 | 576,631 | |||||||||||||
750,000 | TELUS Corp | 4.300 | 06/15/49 | 836,399 | |||||||||||||
1,500,000 | g | T-Mobile USA, Inc | 3.500 | 04/15/25 | 1,618,320 | ||||||||||||
4,000,000 | g | T-Mobile USA, Inc | 1.500 | 02/15/26 | 3,960,960 | ||||||||||||
1,500,000 | g | T-Mobile USA, Inc | 3.750 | 04/15/27 | 1,639,740 | ||||||||||||
3,500,000 | g | T-Mobile USA, Inc | 2.050 | 02/15/28 | 3,431,820 | ||||||||||||
825,000 | g | T-Mobile USA, Inc | 3.875 | 04/15/30 | 895,422 | ||||||||||||
1,500,000 | g | T-Mobile USA, Inc | 2.550 | 02/15/31 | 1,469,535 | ||||||||||||
1,500,000 | g | T-Mobile USA, Inc | 2.250 | 11/15/31 | 1,424,137 | ||||||||||||
650,000 | g | T-Mobile USA, Inc | 4.375 | 04/15/40 | 722,189 | ||||||||||||
1,350,000 | g | T-Mobile USA, Inc | 3.000 | 02/15/41 | 1,253,002 | ||||||||||||
3,875,000 | g | T-Mobile USA, Inc | 4.500 | 04/15/50 | 4,351,199 | ||||||||||||
2,500,000 | g | T-Mobile USA, Inc | 3.300 | 02/15/51 | 2,336,425 | ||||||||||||
1,000,000 | g | T-Mobile USA, Inc | 3.600 | 11/15/60 | 960,360 |
88 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 5,000,000 | e | Verizon Communications, Inc | 0.750 | % | 03/22/24 | $ | 5,005,488 | |||||||||
2,500,000 | Verizon Communications, Inc | 0.850 | 11/20/25 | 2,446,561 | |||||||||||||
5,000,000 | Verizon Communications, Inc | 1.450 | 03/20/26 | 5,000,405 | |||||||||||||
700,000 | Verizon Communications, Inc | 2.625 | 08/15/26 | 740,055 | |||||||||||||
2,625,000 | Verizon Communications, Inc | 3.000 | 03/22/27 | 2,808,809 | |||||||||||||
5,000,000 | Verizon Communications, Inc | 2.100 | 03/22/28 | 5,020,952 | |||||||||||||
6,641,000 | Verizon Communications, Inc | 4.329 | 09/21/28 | 7,603,072 | |||||||||||||
350,000 | Verizon Communications, Inc | 3.875 | 02/08/29 | 389,356 | |||||||||||||
9,005,000 | Verizon Communications, Inc | 4.016 | 12/03/29 | 10,072,558 | |||||||||||||
200,000 | Verizon Communications, Inc | 3.150 | 03/22/30 | 210,945 | |||||||||||||
1,550,000 | Verizon Communications, Inc | 1.500 | 09/18/30 | 1,423,073 | |||||||||||||
1,533,000 | g | Verizon Communications, Inc | 1.680 | 10/30/30 | 1,422,220 | ||||||||||||
3,000,000 | Verizon Communications, Inc | 1.750 | 01/20/31 | 2,793,704 | |||||||||||||
1,925,000 | Verizon Communications, Inc | 2.550 | 03/21/31 | 1,923,253 | |||||||||||||
2,975,000 | Verizon Communications, Inc | 4.500 | 08/10/33 | 3,455,525 | |||||||||||||
3,250,000 | Verizon Communications, Inc | 4.400 | 11/01/34 | 3,715,044 | |||||||||||||
3,775,000 | Verizon Communications, Inc | 4.272 | 01/15/36 | 4,266,822 | |||||||||||||
2,000,000 | Verizon Communications, Inc | 2.650 | 11/20/40 | 1,827,701 | |||||||||||||
1,350,000 | Verizon Communications, Inc | 3.400 | 03/22/41 | 1,370,500 | |||||||||||||
1,158,000 | Verizon Communications, Inc | 5.012 | 04/15/49 | 1,429,333 | |||||||||||||
150,000 | Verizon Communications, Inc | 4.000 | 03/22/50 | 161,434 | |||||||||||||
2,000,000 | Verizon Communications, Inc | 2.875 | 11/20/50 | 1,777,564 | |||||||||||||
2,725,000 | Verizon Communications, Inc | 3.550 | 03/22/51 | 2,721,176 | |||||||||||||
12,764,000 | g | Verizon Communications, Inc | 2.987 | 10/30/56 | 11,267,325 | ||||||||||||
2,000,000 | Verizon Communications, Inc | 3.000 | 11/20/60 | 1,736,345 | |||||||||||||
5,000,000 | Verizon Communications, Inc | 3.700 | 03/22/61 | 4,940,587 | |||||||||||||
4,000,000 | Vodafone Group plc | 4.125 | 05/30/25 | 4,472,613 | |||||||||||||
4,425,000 | Vodafone Group plc | 4.375 | 05/30/28 | 5,081,814 | |||||||||||||
425,000 | Vodafone Group plc | 6.150 | 02/27/37 | 566,405 | |||||||||||||
925,000 | Vodafone Group plc | 5.000 | 05/30/38 | 1,115,186 | |||||||||||||
1,900,000 | Vodafone Group plc | 4.375 | 02/19/43 | 2,115,909 | |||||||||||||
1,450,000 | Vodafone Group plc | 5.250 | 05/30/48 | 1,810,236 | |||||||||||||
1,000,000 | Vodafone Group plc | 4.875 | 06/19/49 | 1,188,185 | |||||||||||||
1,500,000 | Vodafone Group plc | 4.250 | 09/17/50 | 1,647,523 | |||||||||||||
500,000 | Vodafone Group plc | 5.125 | 06/19/59 | 608,161 | |||||||||||||
TOTAL TELECOMMUNICATION SERVICES | 254,100,359 | ||||||||||||||||
TRANSPORTATION - 0.5% | |||||||||||||||||
678,032 | American Airlines, Inc | 3.000 | 10/15/28 | 683,456 | |||||||||||||
300,000 | Burlington Northern Santa Fe LLC | 3.050 | 03/15/22 | 305,840 | |||||||||||||
150,000 | Burlington Northern Santa Fe LLC | 3.050 | 09/01/22 | 154,699 | |||||||||||||
1,100,000 | Burlington Northern Santa Fe LLC | 3.850 | 09/01/23 | 1,180,768 | |||||||||||||
500,000 | Burlington Northern Santa Fe LLC | 3.750 | 04/01/24 | 542,364 | |||||||||||||
150,000 | Burlington Northern Santa Fe LLC | 3.400 | 09/01/24 | 162,547 | |||||||||||||
300,000 | Burlington Northern Santa Fe LLC | 3.000 | 04/01/25 | 322,944 | |||||||||||||
700,000 | Burlington Northern Santa Fe LLC | 3.650 | 09/01/25 | 769,426 | |||||||||||||
660,000 | Burlington Northern Santa Fe LLC | 5.750 | 05/01/40 | 883,433 | |||||||||||||
250,000 | Burlington Northern Santa Fe LLC | 5.050 | 03/01/41 | 313,978 | |||||||||||||
200,000 | Burlington Northern Santa Fe LLC | 4.400 | 03/15/42 | 233,797 | |||||||||||||
300,000 | Burlington Northern Santa Fe LLC | 4.450 | 03/15/43 | 354,127 | |||||||||||||
500,000 | Burlington Northern Santa Fe LLC | 5.150 | 09/01/43 | 642,999 | |||||||||||||
500,000 | Burlington Northern Santa Fe LLC | 4.900 | 04/01/44 | 628,254 | |||||||||||||
600,000 | Burlington Northern Santa Fe LLC | 4.550 | 09/01/44 | 709,423 |
89 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 1,275,000 | Burlington Northern Santa Fe LLC | 4.150 | % | 04/01/45 | $ | 1,449,493 | ||||||||||
200,000 | Burlington Northern Santa Fe LLC | 4.700 | 09/01/45 | 244,424 | |||||||||||||
1,150,000 | Burlington Northern Santa Fe LLC | 3.900 | 08/01/46 | 1,254,647 | |||||||||||||
400,000 | Burlington Northern Santa Fe LLC | 4.125 | 06/15/47 | 453,399 | |||||||||||||
1,675,000 | Burlington Northern Santa Fe LLC | 4.050 | 06/15/48 | 1,877,502 | |||||||||||||
1,025,000 | Burlington Northern Santa Fe LLC | 4.150 | 12/15/48 | 1,171,831 | |||||||||||||
750,000 | Burlington Northern Santa Fe LLC | 3.550 | 02/15/50 | 785,169 | |||||||||||||
750,000 | Burlington Northern Santa Fe LLC | 3.050 | 02/15/51 | 725,416 | |||||||||||||
4,000,000 | h | Burlington Northern Santa Fe LLC | 3.300 | 09/15/51 | 4,012,113 | ||||||||||||
100,000 | Canadian National Railway Co | 2.850 | 12/15/21 | 101,144 | |||||||||||||
300,000 | Canadian National Railway Co | 2.250 | 11/15/22 | 307,120 | |||||||||||||
200,000 | Canadian National Railway Co | 2.950 | 11/21/24 | 214,231 | |||||||||||||
200,000 | Canadian National Railway Co | 6.900 | 07/15/28 | 262,430 | |||||||||||||
200,000 | Canadian National Railway Co | 6.250 | 08/01/34 | 279,050 | |||||||||||||
250,000 | Canadian National Railway Co | 3.500 | 11/15/42 | 256,428 | |||||||||||||
100,000 | Canadian National Railway Co | 4.500 | 11/07/43 | 117,754 | |||||||||||||
650,000 | Canadian National Railway Co | 3.200 | 08/02/46 | 651,503 | |||||||||||||
725,000 | Canadian National Railway Co | 3.650 | 02/03/48 | 790,499 | |||||||||||||
325,000 | Canadian National Railway Co | 4.450 | 01/20/49 | 400,346 | |||||||||||||
400,000 | Canadian National Railway Co | 2.450 | 05/01/50 | 352,510 | |||||||||||||
1,800,000 | Canadian Pacific Railway Co | 2.900 | 02/01/25 | 1,911,693 | |||||||||||||
300,000 | Canadian Pacific Railway Co | 4.000 | 06/01/28 | 334,114 | |||||||||||||
100,000 | Canadian Pacific Railway Co | 2.050 | 03/05/30 | 96,608 | |||||||||||||
200,000 | Canadian Pacific Railway Co | 7.125 | 10/15/31 | 277,100 | |||||||||||||
250,000 | Canadian Pacific Railway Co | 5.950 | 05/15/37 | 335,486 | |||||||||||||
1,275,000 | Canadian Pacific Railway Co | 6.125 | 09/15/15 | 1,859,566 | |||||||||||||
400,000 | CH Robinson Worldwide, Inc | 4.200 | 04/15/28 | 449,345 | |||||||||||||
17,638 | Continental Airlines, Inc | 5.983 | 04/19/22 | 18,004 | |||||||||||||
315,430 | Continental Airlines, Inc | 4.150 | 04/11/24 | 329,478 | |||||||||||||
130,065 | Continental Airlines, Inc | 4.000 | 10/29/24 | 134,313 | |||||||||||||
300,000 | CSX Corp | 3.400 | 08/01/24 | 324,191 | |||||||||||||
200,000 | CSX Corp | 3.350 | 11/01/25 | 217,701 | |||||||||||||
1,200,000 | CSX Corp | 2.600 | 11/01/26 | 1,268,156 | |||||||||||||
825,000 | CSX Corp | 4.250 | 03/15/29 | 936,971 | |||||||||||||
600,000 | CSX Corp | 2.400 | 02/15/30 | 603,324 | |||||||||||||
100,000 | CSX Corp | 6.000 | 10/01/36 | 135,375 | |||||||||||||
200,000 | CSX Corp | 6.150 | 05/01/37 | 272,933 | |||||||||||||
400,000 | CSX Corp | 5.500 | 04/15/41 | 517,727 | |||||||||||||
350,000 | CSX Corp | 4.400 | 03/01/43 | 399,231 | |||||||||||||
600,000 | CSX Corp | 4.100 | 03/15/44 | 661,810 | |||||||||||||
800,000 | CSX Corp | 3.800 | 11/01/46 | 846,466 | |||||||||||||
1,050,000 | CSX Corp | 4.300 | 03/01/48 | 1,196,854 | |||||||||||||
850,000 | CSX Corp | 4.750 | 11/15/48 | 1,021,683 | |||||||||||||
500,000 | CSX Corp | 4.500 | 03/15/49 | 578,259 | |||||||||||||
600,000 | CSX Corp | 3.350 | 09/15/49 | 588,909 | |||||||||||||
1,000,000 | CSX Corp | 3.800 | 04/15/50 | 1,061,111 | |||||||||||||
200,000 | CSX Corp | 3.950 | 05/01/50 | 216,091 | |||||||||||||
800,000 | CSX Corp | 2.500 | 05/15/51 | 677,094 | |||||||||||||
300,000 | CSX Corp | 4.500 | 08/01/54 | 353,674 | |||||||||||||
150,000 | CSX Corp | 4.250 | 11/01/66 | 170,425 | |||||||||||||
300,000 | CSX Corp | 4.650 | 03/01/68 | 363,879 | |||||||||||||
95,130 | Delta Air Lines, Inc | 3.625 | 07/30/27 | 101,570 | |||||||||||||
291,031 | Delta Air Lines, Inc | 2.000 | 06/10/28 | 291,465 | |||||||||||||
300,000 | FedEx Corp | 4.000 | 01/15/24 | 326,095 |
90 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 100,000 | FedEx Corp | 3.200 | % | 02/01/25 | $ | 107,778 | ||||||||||
500,000 | FedEx Corp | 3.800 | 05/15/25 | 549,556 | |||||||||||||
500,000 | FedEx Corp | 3.250 | 04/01/26 | 540,914 | |||||||||||||
400,000 | FedEx Corp | 3.300 | 03/15/27 | 434,238 | |||||||||||||
1,250,000 | FedEx Corp | 3.400 | 02/15/28 | 1,363,230 | |||||||||||||
500,000 | FedEx Corp | 4.200 | 10/17/28 | 572,241 | |||||||||||||
2,000,000 | FedEx Corp | 3.100 | 08/05/29 | 2,097,443 | |||||||||||||
500,000 | FedEx Corp | 4.250 | 05/15/30 | 569,004 | |||||||||||||
1,000,000 | FedEx Corp | 4.900 | 01/15/34 | 1,203,492 | |||||||||||||
200,000 | FedEx Corp | 3.900 | 02/01/35 | 217,935 | |||||||||||||
275,000 | FedEx Corp | 5.100 | 01/15/44 | 332,868 | |||||||||||||
1,100,000 | FedEx Corp | 4.750 | 11/15/45 | 1,287,921 | |||||||||||||
600,000 | FedEx Corp | 4.550 | 04/01/46 | 679,815 | |||||||||||||
450,000 | FedEx Corp | 4.400 | 01/15/47 | 509,856 | |||||||||||||
900,000 | FedEx Corp | 4.050 | 02/15/48 | 980,821 | |||||||||||||
500,000 | FedEx Corp | 4.950 | 10/17/48 | 609,291 | |||||||||||||
1,500,000 | FedEx Corp | 5.250 | 05/15/50 | 1,921,559 | |||||||||||||
200,000 | FedEx Corp | 4.500 | 02/01/65 | 215,065 | |||||||||||||
200,000 | JB Hunt Transport Services, Inc | 3.300 | 08/15/22 | 206,414 | |||||||||||||
500,000 | JB Hunt Transport Services, Inc | 3.875 | 03/01/26 | 552,216 | |||||||||||||
481,711 | JetBlue Pass Through Trust | 2.750 | 05/15/32 | 484,004 | |||||||||||||
1,000,000 | JetBlue Pass Through Trust | 4.000 | 11/15/32 | 1,078,624 | |||||||||||||
100,000 | Kansas City Southern | 3.000 | 05/15/23 | 104,267 | |||||||||||||
100,000 | Kansas City Southern | 3.125 | 06/01/26 | 106,950 | |||||||||||||
500,000 | Kansas City Southern | 2.875 | 11/15/29 | 511,162 | |||||||||||||
100,000 | Kansas City Southern | 4.300 | 05/15/43 | 109,628 | |||||||||||||
175,000 | Kansas City Southern | 4.950 | 08/15/45 | 209,684 | |||||||||||||
800,000 | Kansas City Southern | 4.700 | 05/01/48 | 940,936 | |||||||||||||
500,000 | Kansas City Southern | 3.500 | 05/01/50 | 500,700 | |||||||||||||
500,000 | Kansas City Southern | 4.200 | 11/15/69 | 517,881 | |||||||||||||
350,000 | Kirby Corp | 4.200 | 03/01/28 | 381,187 | |||||||||||||
100,000 | Norfolk Southern Corp | 3.250 | 12/01/21 | 101,190 | |||||||||||||
250,000 | Norfolk Southern Corp | 3.000 | 04/01/22 | 254,922 | |||||||||||||
1,291,000 | Norfolk Southern Corp | 2.903 | 02/15/23 | 1,339,641 | |||||||||||||
350,000 | Norfolk Southern Corp | 2.900 | 06/15/26 | 374,925 | |||||||||||||
300,000 | Norfolk Southern Corp | 3.150 | 06/01/27 | 324,238 | |||||||||||||
700,000 | Norfolk Southern Corp | 3.800 | 08/01/28 | 778,687 | |||||||||||||
16,000 | Norfolk Southern Corp | 4.837 | 10/01/41 | 19,444 | |||||||||||||
300,000 | Norfolk Southern Corp | 4.450 | 06/15/45 | 348,591 | |||||||||||||
200,000 | Norfolk Southern Corp | 4.650 | 01/15/46 | 239,679 | |||||||||||||
303,000 | Norfolk Southern Corp | 3.942 | 11/01/47 | 328,259 | |||||||||||||
1,450,000 | Norfolk Southern Corp | 4.150 | 02/28/48 | 1,615,815 | |||||||||||||
500,000 | Norfolk Southern Corp | 4.100 | 05/15/49 | 559,500 | |||||||||||||
500,000 | Norfolk Southern Corp | 3.400 | 11/01/49 | 497,066 | |||||||||||||
1,000,000 | Norfolk Southern Corp | 3.050 | 05/15/50 | 948,287 | |||||||||||||
175,000 | Norfolk Southern Corp | 4.050 | 08/15/52 | 192,940 | |||||||||||||
1,170,000 | Norfolk Southern Corp | 3.155 | 05/15/55 | 1,087,585 | |||||||||||||
500,000 | Ryder System, Inc | 2.875 | 06/01/22 | 512,443 | |||||||||||||
500,000 | Ryder System, Inc | 2.500 | 09/01/22 | 512,957 | |||||||||||||
200,000 | Ryder System, Inc | 3.400 | 03/01/23 | 209,901 | |||||||||||||
200,000 | Ryder System, Inc | 3.750 | 06/09/23 | 213,155 | |||||||||||||
200,000 | Ryder System, Inc | 3.875 | 12/01/23 | 216,153 | |||||||||||||
550,000 | Ryder System, Inc | 3.650 | 03/18/24 | 593,707 |
91 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 500,000 | Ryder System, Inc | 2.500 | % | 09/01/24 | $ | 523,902 | ||||||||||
300,000 | Ryder System, Inc | 4.625 | 06/01/25 | 338,073 | |||||||||||||
500,000 | Ryder System, Inc | 3.350 | 09/01/25 | 539,910 | |||||||||||||
500,000 | Ryder System, Inc | 2.900 | 12/01/26 | 531,620 | |||||||||||||
200,000 | Southwest Airlines Co | 2.750 | 11/16/22 | 205,447 | |||||||||||||
1,250,000 | Southwest Airlines Co | 4.750 | 05/04/23 | 1,349,619 | |||||||||||||
1,250,000 | Southwest Airlines Co | 5.250 | 05/04/25 | 1,422,273 | |||||||||||||
200,000 | Southwest Airlines Co | 3.000 | 11/15/26 | 210,847 | |||||||||||||
1,000,000 | Southwest Airlines Co | 5.125 | 06/15/27 | 1,149,670 | |||||||||||||
200,000 | Southwest Airlines Co | 3.450 | 11/16/27 | 210,937 | |||||||||||||
300,000 | Southwest Airlines Co | 2.625 | 02/10/30 | 294,632 | |||||||||||||
70,809 | Spirit Airlines, Inc | 4.100 | 04/01/28 | 70,699 | |||||||||||||
300,000 | Union Pacific Corp | 2.950 | 03/01/22 | 307,238 | |||||||||||||
506,000 | Union Pacific Corp | 4.163 | 07/15/22 | 526,038 | |||||||||||||
500,000 | Union Pacific Corp | 2.950 | 01/15/23 | 518,007 | |||||||||||||
300,000 | Union Pacific Corp | 3.500 | 06/08/23 | 318,495 | |||||||||||||
277,000 | e | Union Pacific Corp | 3.646 | 02/15/24 | 296,868 | ||||||||||||
300,000 | Union Pacific Corp | 3.150 | 03/01/24 | 320,929 | |||||||||||||
200,000 | Union Pacific Corp | 3.750 | 03/15/24 | 215,459 | |||||||||||||
200,000 | Union Pacific Corp | 3.250 | 01/15/25 | 214,373 | |||||||||||||
500,000 | Union Pacific Corp | 3.750 | 07/15/25 | 549,215 | |||||||||||||
200,000 | Union Pacific Corp | 3.250 | 08/15/25 | 216,211 | |||||||||||||
300,000 | Union Pacific Corp | 2.750 | 03/01/26 | 317,754 | |||||||||||||
500,000 | Union Pacific Corp | 2.150 | 02/05/27 | 513,557 | |||||||||||||
1,825,000 | Union Pacific Corp | 3.950 | 09/10/28 | 2,044,746 | |||||||||||||
700,000 | Union Pacific Corp | 3.700 | 03/01/29 | 770,366 | |||||||||||||
100,000 | Union Pacific Corp | 3.375 | 02/01/35 | 106,111 | |||||||||||||
100,000 | Union Pacific Corp | 3.600 | 09/15/37 | 106,752 | |||||||||||||
500,000 | Union Pacific Corp | 3.550 | 08/15/39 | 531,300 | |||||||||||||
200,000 | Union Pacific Corp | 4.050 | 11/15/45 | 217,327 | |||||||||||||
200,000 | Union Pacific Corp | 3.350 | 08/15/46 | 200,117 | |||||||||||||
300,000 | Union Pacific Corp | 4.000 | 04/15/47 | 326,780 | |||||||||||||
1,000,000 | Union Pacific Corp | 3.250 | 02/05/50 | 984,747 | |||||||||||||
1,070,000 | Union Pacific Corp | 3.799 | 10/01/51 | 1,148,715 | |||||||||||||
200,000 | Union Pacific Corp | 3.875 | 02/01/55 | 211,710 | |||||||||||||
300,000 | Union Pacific Corp | 3.950 | 08/15/59 | 322,983 | |||||||||||||
1,925,000 | Union Pacific Corp | 3.839 | 03/20/60 | 2,045,884 | |||||||||||||
2,950,000 | g | Union Pacific Corp | 2.973 | 09/16/62 | 2,626,541 | ||||||||||||
300,000 | Union Pacific Corp | 4.375 | 11/15/65 | 344,850 | |||||||||||||
200,000 | Union Pacific Corp | 4.100 | 09/15/67 | 214,225 | |||||||||||||
500,000 | Union Pacific Corp | 3.750 | 02/05/70 | 511,320 | |||||||||||||
165,665 | Union Pacific Railroad Co | 2.695 | 05/12/27 | 175,313 | |||||||||||||
250,000 | United Airlines 2020-, Cl B Pass Through Trust | 4.875 | 01/15/26 | 259,375 | |||||||||||||
500,000 | United Parcel Service, Inc | 2.350 | 05/16/22 | 510,612 | |||||||||||||
1,675,000 | United Parcel Service, Inc | 2.450 | 10/01/22 | 1,727,002 | |||||||||||||
500,000 | United Parcel Service, Inc | 2.200 | 09/01/24 | 524,554 | |||||||||||||
300,000 | United Parcel Service, Inc | 2.800 | 11/15/24 | 320,709 | |||||||||||||
125,000 | United Parcel Service, Inc | 2.400 | 11/15/26 | 133,031 | |||||||||||||
875,000 | United Parcel Service, Inc | 3.050 | 11/15/27 | 956,126 | |||||||||||||
500,000 | United Parcel Service, Inc | 3.400 | 03/15/29 | 543,507 | |||||||||||||
500,000 | United Parcel Service, Inc | 2.500 | 09/01/29 | 509,669 | |||||||||||||
750,000 | United Parcel Service, Inc | 4.450 | 04/01/30 | 876,601 | |||||||||||||
510,000 | United Parcel Service, Inc | 6.200 | 01/15/38 | 716,338 | |||||||||||||
450,000 | United Parcel Service, Inc | 3.625 | 10/01/42 | 477,041 |
92 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 400,000 | United Parcel Service, Inc | 3.400 | % | 11/15/46 | $ | 408,537 | ||||||||||
1,550,000 | United Parcel Service, Inc | 3.750 | 11/15/47 | 1,669,837 | |||||||||||||
300,000 | United Parcel Service, Inc | 4.250 | 03/15/49 | 352,647 | |||||||||||||
500,000 | United Parcel Service, Inc | 3.400 | 09/01/49 | 522,698 | |||||||||||||
1,630,000 | United Parcel Service, Inc | 5.300 | 04/01/50 | 2,210,451 | |||||||||||||
TOTAL TRANSPORTATION | 110,407,825 | ||||||||||||||||
UTILITIES - 2.3% | |||||||||||||||||
200,000 | AEP Texas, Inc | 2.400 | 10/01/22 | 205,379 | |||||||||||||
200,000 | AEP Texas, Inc | 3.950 | 06/01/28 | 221,284 | |||||||||||||
550,000 | AEP Texas, Inc | 2.100 | 07/01/30 | 529,091 | |||||||||||||
200,000 | AEP Texas, Inc | 3.800 | 10/01/47 | 205,880 | |||||||||||||
100,000 | AEP Texas, Inc | 4.150 | 05/01/49 | 108,831 | |||||||||||||
200,000 | AEP Transmission Co LLC | 3.100 | 12/01/26 | 216,149 | |||||||||||||
600,000 | AEP Transmission Co LLC | 4.000 | 12/01/46 | 658,571 | |||||||||||||
500,000 | AEP Transmission Co LLC | 3.750 | 12/01/47 | 531,824 | |||||||||||||
200,000 | AEP Transmission Co LLC | 4.250 | 09/15/48 | 230,016 | |||||||||||||
300,000 | AEP Transmission Co LLC | 3.800 | 06/15/49 | 324,751 | |||||||||||||
600,000 | g | AES Corp | 1.375 | 01/15/26 | 584,786 | ||||||||||||
675,000 | g | AES Corp | 2.450 | 01/15/31 | 645,355 | ||||||||||||
475,000 | Alabama Power Co | 3.550 | 12/01/23 | 512,870 | |||||||||||||
575,000 | Alabama Power Co | 1.450 | 09/15/30 | 529,490 | |||||||||||||
200,000 | Alabama Power Co | 3.850 | 12/01/42 | 216,413 | |||||||||||||
400,000 | Alabama Power Co | 3.750 | 03/01/45 | 426,797 | |||||||||||||
300,000 | Alabama Power Co | 4.300 | 01/02/46 | 339,805 | |||||||||||||
350,000 | Alabama Power Co | 3.700 | 12/01/47 | 367,071 | |||||||||||||
1,000,000 | Alabama Power Co | 4.300 | 07/15/48 | 1,160,391 | |||||||||||||
350,000 | Ameren Corp | 2.500 | 09/15/24 | 367,966 | |||||||||||||
2,000,000 | Ameren Corp | 1.750 | 03/15/28 | 1,933,150 | |||||||||||||
600,000 | Ameren Illinois Co | 2.700 | 09/01/22 | 615,622 | |||||||||||||
300,000 | Ameren Illinois Co | 3.800 | 05/15/28 | 331,117 | |||||||||||||
750,000 | Ameren Illinois Co | 1.550 | 11/15/30 | 699,581 | |||||||||||||
125,000 | Ameren Illinois Co | 4.150 | 03/15/46 | 141,411 | |||||||||||||
1,150,000 | Ameren Illinois Co | 3.700 | 12/01/47 | 1,233,066 | |||||||||||||
575,000 | Ameren Illinois Co | 4.500 | 03/15/49 | 692,155 | |||||||||||||
300,000 | American Electric Power Co, Inc | 3.650 | 12/01/21 | 306,464 | |||||||||||||
1,000,000 | American Electric Power Co, Inc | 0.750 | 11/01/23 | 999,783 | |||||||||||||
1,000,000 | American Electric Power Co, Inc | 1.000 | 11/01/25 | 979,910 | |||||||||||||
350,000 | American Electric Power Co, Inc | 3.200 | 11/13/27 | 377,371 | |||||||||||||
700,000 | American Electric Power Co, Inc | 4.300 | 12/01/28 | 787,151 | |||||||||||||
500,000 | American Electric Power Co, Inc | 2.300 | 03/01/30 | 487,791 | |||||||||||||
500,000 | American Water Capital Corp | 3.850 | 03/01/24 | 540,124 | |||||||||||||
300,000 | American Water Capital Corp | 3.400 | 03/01/25 | 325,555 | |||||||||||||
200,000 | American Water Capital Corp | 2.950 | 09/01/27 | 212,991 | |||||||||||||
500,000 | American Water Capital Corp | 3.750 | 09/01/28 | 556,129 | |||||||||||||
750,000 | American Water Capital Corp | 3.450 | 06/01/29 | 813,872 | |||||||||||||
100,000 | American Water Capital Corp | 2.800 | 05/01/30 | 102,844 | |||||||||||||
225,000 | American Water Capital Corp | 4.300 | 12/01/42 | 254,857 | |||||||||||||
150,000 | American Water Capital Corp | 4.300 | 09/01/45 | 171,888 | |||||||||||||
100,000 | American Water Capital Corp | 4.000 | 12/01/46 | 108,909 | |||||||||||||
1,175,000 | American Water Capital Corp | 3.750 | 09/01/47 | 1,253,113 | |||||||||||||
500,000 | American Water Capital Corp | 4.200 | 09/01/48 | 573,973 | |||||||||||||
500,000 | American Water Capital Corp | 4.150 | 06/01/49 | 575,262 |
93 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 675,000 | American Water Capital Corp | 3.450 | % | 05/01/50 | $ | 682,511 | ||||||||||
200,000 | Appalachian Power Co | 3.300 | 06/01/27 | 215,218 | |||||||||||||
1,000,000 | Appalachian Power Co | 2.700 | 04/01/31 | 997,333 | |||||||||||||
300,000 | Appalachian Power Co | 4.500 | 03/01/49 | 341,348 | |||||||||||||
775,000 | Appalachian Power Co | 3.700 | 05/01/50 | 784,264 | |||||||||||||
125,000 | Aqua America, Inc | 3.566 | 05/01/29 | 134,534 | |||||||||||||
200,000 | Aqua America, Inc | 4.276 | 05/01/49 | 222,000 | |||||||||||||
200,000 | Arizona Public Service Co | 2.950 | 09/15/27 | 215,076 | |||||||||||||
1,000,000 | Arizona Public Service Co | 2.600 | 08/15/29 | 1,024,241 | |||||||||||||
350,000 | Arizona Public Service Co | 4.500 | 04/01/42 | 400,530 | |||||||||||||
200,000 | Arizona Public Service Co | 4.350 | 11/15/45 | 228,961 | |||||||||||||
410,000 | Arizona Public Service Co | 3.750 | 05/15/46 | 427,063 | |||||||||||||
200,000 | Arizona Public Service Co | 4.200 | 08/15/48 | 224,664 | |||||||||||||
200,000 | Arizona Public Service Co | 4.250 | 03/01/49 | 227,880 | |||||||||||||
300,000 | Arizona Public Service Co | 3.500 | 12/01/49 | 305,839 | |||||||||||||
500,000 | Arizona Public Service Co | 3.350 | 05/15/50 | 495,480 | |||||||||||||
750,000 | Arizona Public Service Co | 2.650 | 09/15/50 | 650,124 | |||||||||||||
900,000 | Atlantic City Electric Co | 4.000 | 10/15/28 | 1,004,895 | |||||||||||||
425,000 | Atlantic City Electric Co | 2.300 | 03/15/31 | 420,000 | |||||||||||||
1,000,000 | Atmos Energy Corp | 0.625 | 03/09/23 | 1,000,378 | |||||||||||||
650,000 | Atmos Energy Corp | 3.000 | 06/15/27 | 693,511 | |||||||||||||
500,000 | Atmos Energy Corp | 2.625 | 09/15/29 | 508,138 | |||||||||||||
750,000 | Atmos Energy Corp | 1.500 | 01/15/31 | 685,090 | |||||||||||||
100,000 | Atmos Energy Corp | 5.500 | 06/15/41 | 127,754 | |||||||||||||
125,000 | Atmos Energy Corp | 4.150 | 01/15/43 | 137,056 | |||||||||||||
600,000 | Atmos Energy Corp | 4.125 | 10/15/44 | 657,473 | |||||||||||||
500,000 | Atmos Energy Corp | 4.300 | 10/01/48 | 571,547 | |||||||||||||
300,000 | Atmos Energy Corp | 4.125 | 03/15/49 | 333,007 | |||||||||||||
500,000 | Atmos Energy Corp | 3.375 | 09/15/49 | 496,992 | |||||||||||||
500,000 | Avangrid, Inc | 3.150 | 12/01/24 | 537,360 | |||||||||||||
300,000 | Avangrid, Inc | 3.200 | 04/15/25 | 321,195 | |||||||||||||
625,000 | Avangrid, Inc | 3.800 | 06/01/29 | 687,520 | |||||||||||||
150,000 | Avista Corp | 4.350 | 06/01/48 | 172,170 | |||||||||||||
100,000 | Baltimore Gas & Electric Co | 3.500 | 11/15/21 | 101,144 | |||||||||||||
200,000 | Baltimore Gas & Electric Co | 2.400 | 08/15/26 | 209,065 | |||||||||||||
150,000 | Baltimore Gas & Electric Co | 3.500 | 08/15/46 | 153,164 | |||||||||||||
200,000 | Baltimore Gas & Electric Co | 3.750 | 08/15/47 | 213,926 | |||||||||||||
200,000 | Baltimore Gas & Electric Co | 4.250 | 09/15/48 | 231,994 | |||||||||||||
500,000 | Baltimore Gas & Electric Co | 3.200 | 09/15/49 | 485,507 | |||||||||||||
775,000 | Baltimore Gas & Electric Co | 2.900 | 06/15/50 | 716,609 | |||||||||||||
200,000 | Berkshire Hathaway Energy Co | 2.800 | 01/15/23 | 207,949 | |||||||||||||
350,000 | Berkshire Hathaway Energy Co | 3.500 | 02/01/25 | 378,839 | |||||||||||||
175,000 | Berkshire Hathaway Energy Co | 3.250 | 04/15/28 | 188,653 | |||||||||||||
2,500,000 | Berkshire Hathaway Energy Co | 1.650 | 05/15/31 | 2,324,127 | |||||||||||||
950,000 | Berkshire Hathaway Energy Co | 6.125 | 04/01/36 | 1,280,791 | |||||||||||||
1,032,000 | Berkshire Hathaway Energy Co | 5.950 | 05/15/37 | 1,370,235 | |||||||||||||
725,000 | Berkshire Hathaway Energy Co | 5.150 | 11/15/43 | 899,330 | |||||||||||||
975,000 | Berkshire Hathaway Energy Co | 4.500 | 02/01/45 | 1,130,220 | |||||||||||||
1,250,000 | Berkshire Hathaway Energy Co | 3.800 | 07/15/48 | 1,330,129 | |||||||||||||
1,025,000 | Berkshire Hathaway Energy Co | 4.450 | 01/15/49 | 1,201,171 | |||||||||||||
2,500,000 | Berkshire Hathaway Energy Co | 2.850 | 05/15/51 | 2,240,081 | |||||||||||||
200,000 | Black Hills Corp | 4.250 | 11/30/23 | 216,934 | |||||||||||||
100,000 | Black Hills Corp | 3.950 | 01/15/26 | 109,561 | |||||||||||||
100,000 | Black Hills Corp | 3.150 | 01/15/27 | 106,712 |
94 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 550,000 | Black Hills Corp | 2.500 | % | 06/15/30 | $ | 540,343 | ||||||||||
300,000 | Black Hills Corp | 4.350 | 05/01/33 | 334,520 | |||||||||||||
200,000 | Black Hills Corp | 4.200 | 09/15/46 | 210,243 | |||||||||||||
400,000 | CenterPoint Energy Houston Electric LLC | 2.250 | 08/01/22 | 408,298 | |||||||||||||
200,000 | CenterPoint Energy Houston Electric LLC | 2.400 | 09/01/26 | 210,109 | |||||||||||||
300,000 | CenterPoint Energy Houston Electric LLC | 3.000 | 02/01/27 | 321,736 | |||||||||||||
275,000 | CenterPoint Energy Houston Electric LLC | 2.350 | 04/01/31 | 275,080 | |||||||||||||
100,000 | CenterPoint Energy Houston Electric LLC | 6.950 | 03/15/33 | 137,967 | |||||||||||||
300,000 | CenterPoint Energy Houston Electric LLC | 3.950 | 03/01/48 | 332,920 | |||||||||||||
750,000 | CenterPoint Energy Houston Electric LLC | 4.250 | 02/01/49 | 870,679 | |||||||||||||
150,000 | CenterPoint Energy Houston Electric LLC | 2.900 | 07/01/50 | 140,352 | |||||||||||||
875,000 | CenterPoint Energy Houston Electric LLC | 3.350 | 04/01/51 | 879,828 | |||||||||||||
1,000,000 | CenterPoint Energy Resources Corp | 0.700 | 03/02/23 | 999,686 | |||||||||||||
200,000 | CenterPoint Energy Resources Corp | 4.000 | 04/01/28 | 219,155 | |||||||||||||
575,000 | CenterPoint Energy Resources Corp | 1.750 | 10/01/30 | 527,908 | |||||||||||||
700,000 | CenterPoint Energy Resources Corp | 4.100 | 09/01/47 | 733,667 | |||||||||||||
300,000 | CenterPoint Energy, Inc | 2.500 | 09/01/22 | 308,080 | |||||||||||||
213,000 | CenterPoint Energy, Inc | 3.850 | 02/01/24 | 230,731 | |||||||||||||
500,000 | CenterPoint Energy, Inc | 2.500 | 09/01/24 | 524,256 | |||||||||||||
450,000 | CenterPoint Energy, Inc | 4.250 | 11/01/28 | 504,697 | |||||||||||||
750,000 | CenterPoint Energy, Inc | 2.950 | 03/01/30 | 769,604 | |||||||||||||
500,000 | CenterPoint Energy, Inc | 3.700 | 09/01/49 | 494,236 | |||||||||||||
3,200,000 | Cheniere Corpus Christi Holdings LLC | 3.700 | 11/15/29 | 3,372,668 | |||||||||||||
425,000 | Cleco Corporate Holdings LLC | 3.743 | 05/01/26 | 461,309 | |||||||||||||
300,000 | Cleco Corporate Holdings LLC | 3.375 | 09/15/29 | 302,612 | |||||||||||||
200,000 | Cleco Corporate Holdings LLC | 4.973 | 05/01/46 | 220,814 | |||||||||||||
790,000 | CMS Energy Corp | 3.450 | 08/15/27 | 868,094 | |||||||||||||
1,000,000 | CMS Energy Corp | 3.750 | 12/01/50 | 990,000 | |||||||||||||
250,000 | Commonwealth Edison Co | 2.550 | 06/15/26 | 264,047 | |||||||||||||
1,355,000 | Commonwealth Edison Co | 2.950 | 08/15/27 | 1,446,327 | |||||||||||||
300,000 | Commonwealth Edison Co | 3.700 | 08/15/28 | 334,105 | |||||||||||||
500,000 | Commonwealth Edison Co | 2.200 | 03/01/30 | 495,758 | |||||||||||||
200,000 | Commonwealth Edison Co | 3.800 | 10/01/42 | 215,647 | |||||||||||||
300,000 | Commonwealth Edison Co | 4.700 | 01/15/44 | 357,059 | |||||||||||||
100,000 | Commonwealth Edison Co | 3.700 | 03/01/45 | 106,343 | |||||||||||||
250,000 | Commonwealth Edison Co | 3.650 | 06/15/46 | 266,526 | |||||||||||||
400,000 | Commonwealth Edison Co | 3.750 | 08/15/47 | 431,075 | |||||||||||||
1,175,000 | Commonwealth Edison Co | 4.000 | 03/01/48 | 1,313,782 | |||||||||||||
1,300,000 | Commonwealth Edison Co | 4.000 | 03/01/49 | 1,458,183 | |||||||||||||
500,000 | Commonwealth Edison Co | 3.200 | 11/15/49 | 489,445 | |||||||||||||
500,000 | Commonwealth Edison Co | 3.000 | 03/01/50 | 474,643 | |||||||||||||
1,000,000 | Commonwealth Edison Co | 3.125 | 03/15/51 | 970,212 | |||||||||||||
625,000 | Connecticut Light & Power Co | 3.200 | 03/15/27 | 678,976 | |||||||||||||
400,000 | Connecticut Light & Power Co | 4.300 | 04/15/44 | 463,562 | |||||||||||||
250,000 | Connecticut Light & Power Co | 4.150 | 06/01/45 | 290,585 | |||||||||||||
775,000 | Connecticut Light & Power Co | 4.000 | 04/01/48 | 878,673 | |||||||||||||
1,000,000 | Connecticut Light and Power Co | 0.750 | 12/01/25 | 981,663 | |||||||||||||
200,000 | Consolidated Edison Co of New York, Inc | 3.800 | 05/15/28 | 219,723 | |||||||||||||
300,000 | Consolidated Edison Co of New York, Inc | 4.000 | 12/01/28 | 335,953 | |||||||||||||
100,000 | Consolidated Edison Co of New York, Inc | 3.350 | 04/01/30 | 106,954 | |||||||||||||
200,000 | Consolidated Edison Co of New York, Inc | 4.200 | 03/15/42 | 222,565 | |||||||||||||
550,000 | Consolidated Edison Co of New York, Inc | 3.950 | 03/01/43 | 594,324 | |||||||||||||
1,475,000 | Consolidated Edison Co of New York, Inc | 4.450 | 03/15/44 | 1,702,275 |
95 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 150,000 | Consolidated Edison Co of New York, Inc | 4.500 | % | 12/01/45 | $ | 173,278 | ||||||||||
400,000 | Consolidated Edison Co of New York, Inc | 3.850 | 06/15/46 | 418,937 | |||||||||||||
400,000 | Consolidated Edison Co of New York, Inc | 3.875 | 06/15/47 | 423,976 | |||||||||||||
300,000 | Consolidated Edison Co of New York, Inc | 4.650 | 12/01/48 | 355,779 | |||||||||||||
500,000 | Consolidated Edison Co of New York, Inc | 4.125 | 05/15/49 | 555,924 | |||||||||||||
700,000 | Consolidated Edison Co of New York, Inc | 3.950 | 04/01/50 | 759,340 | |||||||||||||
850,000 | Consolidated Edison Co of New York, Inc | 4.625 | 12/01/54 | 1,003,075 | |||||||||||||
200,000 | Consolidated Edison Co of New York, Inc | 4.300 | 12/01/56 | 217,810 | |||||||||||||
1,300,000 | Consolidated Edison Co of New York, Inc | 4.000 | 11/15/57 | 1,358,330 | |||||||||||||
400,000 | Consolidated Edison Co of New York, Inc | 4.500 | 05/15/58 | 458,979 | |||||||||||||
1,000,000 | Consolidated Edison Co of New York, Inc | 3.700 | 11/15/59 | 986,376 | |||||||||||||
1,000,000 | Consolidated Edison Co of New York, Inc | 3.000 | 12/01/60 | 870,516 | |||||||||||||
1,000,000 | Consolidated Edison, Inc | 0.650 | 12/01/23 | 998,258 | |||||||||||||
1,300,000 | Consumers Energy Co | 0.350 | 06/01/23 | 1,297,850 | |||||||||||||
200,000 | Consumers Energy Co | 3.375 | 08/15/23 | 212,047 | |||||||||||||
250,000 | Consumers Energy Co | 3.800 | 11/15/28 | 278,215 | |||||||||||||
600,000 | Consumers Energy Co | 3.950 | 07/15/47 | 674,549 | |||||||||||||
600,000 | Consumers Energy Co | 4.050 | 05/15/48 | 689,120 | |||||||||||||
350,000 | Consumers Energy Co | 4.350 | 04/15/49 | 418,781 | |||||||||||||
500,000 | Consumers Energy Co | 3.750 | 02/15/50 | 551,544 | |||||||||||||
500,000 | Consumers Energy Co | 3.100 | 08/15/50 | 491,897 | |||||||||||||
150,000 | Consumers Energy Co | 3.500 | 08/01/51 | 157,882 | |||||||||||||
1,000,000 | Consumers Energy Co | 2.500 | 05/01/60 | 830,348 | |||||||||||||
300,000 | Dayton Power & Light Co | 3.950 | 06/15/49 | 310,049 | |||||||||||||
200,000 | Delmarva Power & Light Co | 4.150 | 05/15/45 | 221,427 | |||||||||||||
200,000 | Dominion Energy Gas Holdings LLC | 3.550 | 11/01/23 | 212,775 | |||||||||||||
250,000 | Dominion Energy Gas Holdings LLC | 2.500 | 11/15/24 | 262,842 | |||||||||||||
200,000 | Dominion Energy Gas Holdings LLC | 3.600 | 12/15/24 | 217,297 | |||||||||||||
750,000 | Dominion Energy Gas Holdings LLC | 3.000 | 11/15/29 | 777,996 | |||||||||||||
200,000 | Dominion Energy Gas Holdings LLC | 4.800 | 11/01/43 | 228,420 | |||||||||||||
200,000 | Dominion Energy Gas Holdings LLC | 4.600 | 12/15/44 | 223,392 | |||||||||||||
1,550,000 | Dominion Energy Gas Holdings LLC | 3.900 | 11/15/49 | 1,581,924 | |||||||||||||
300,000 | Dominion Energy, Inc | 3.300 | 03/15/25 | 322,001 | |||||||||||||
1,750,000 | Dominion Energy, Inc | 3.900 | 10/01/25 | 1,924,901 | |||||||||||||
1,000,000 | h | Dominion Energy, Inc | 1.450 | 04/15/26 | 995,998 | ||||||||||||
775,000 | Dominion Energy, Inc | 3.600 | 03/15/27 | 855,402 | |||||||||||||
500,000 | Dominion Energy, Inc | 4.250 | 06/01/28 | 565,596 | |||||||||||||
303,000 | Dominion Energy, Inc | 3.375 | 04/01/30 | 322,610 | |||||||||||||
475,000 | h | Dominion Energy, Inc | 3.300 | 04/15/41 | 467,583 | ||||||||||||
200,000 | Dominion Energy, Inc | 4.700 | 12/01/44 | 235,221 | |||||||||||||
500,000 | Dominion Energy, Inc | 4.600 | 03/15/49 | 592,969 | |||||||||||||
225,000 | Dominion Energy, Inc (Step Bond) | 3.071 | 08/15/24 | 239,619 | |||||||||||||
200,000 | DTE Electric Co | 3.650 | 03/15/24 | 214,723 | |||||||||||||
500,000 | DTE Electric Co | 1.900 | 04/01/28 | 498,707 | |||||||||||||
200,000 | DTE Electric Co | 4.000 | 04/01/43 | 221,242 | |||||||||||||
100,000 | DTE Electric Co | 3.700 | 06/01/46 | 106,159 | |||||||||||||
500,000 | DTE Electric Co | 3.750 | 08/15/47 | 538,664 | |||||||||||||
1,000,000 | DTE Electric Co | 4.050 | 05/15/48 | 1,132,852 | |||||||||||||
525,000 | DTE Electric Co | 3.950 | 03/01/49 | 586,818 | |||||||||||||
1,000,000 | DTE Electric Co | 2.950 | 03/01/50 | 948,575 | |||||||||||||
400,000 | DTE Electric Co | 3.250 | 04/01/51 | 398,845 | |||||||||||||
350,000 | DTE Energy Co | 2.600 | 06/15/22 | 358,268 | |||||||||||||
200,000 | DTE Energy Co | 3.300 | 06/15/22 | 205,622 | |||||||||||||
1,500,000 | DTE Energy Co | 0.550 | 11/01/22 | 1,500,240 |
96 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 1,875,000 | DTE Energy Co | 3.700 | % | 08/01/23 | $ | 1,997,462 | ||||||||||
200,000 | DTE Energy Co | 3.850 | 12/01/23 | 215,020 | |||||||||||||
200,000 | DTE Energy Co | 3.500 | 06/01/24 | 213,962 | |||||||||||||
1,000,000 | DTE Energy Co | 1.050 | 06/01/25 | 986,961 | |||||||||||||
350,000 | DTE Energy Co | 3.400 | 06/15/29 | 371,347 | |||||||||||||
500,000 | DTE Energy Co | 2.950 | 03/01/30 | 508,608 | |||||||||||||
300,000 | Duke Energy Carolinas LLC | 3.350 | 05/15/22 | 310,106 | |||||||||||||
200,000 | Duke Energy Carolinas LLC | 2.500 | 03/15/23 | 207,560 | |||||||||||||
2,000,000 | Duke Energy Carolinas LLC | 3.050 | 03/15/23 | 2,103,126 | |||||||||||||
200,000 | Duke Energy Carolinas LLC | 2.950 | 12/01/26 | 215,353 | |||||||||||||
500,000 | Duke Energy Carolinas LLC | 3.950 | 11/15/28 | 562,630 | |||||||||||||
500,000 | Duke Energy Carolinas LLC | 2.450 | 08/15/29 | 505,906 | |||||||||||||
1,500,000 | Duke Energy Carolinas LLC | 2.550 | 04/15/31 | 1,509,810 | |||||||||||||
125,000 | Duke Energy Carolinas LLC | 5.300 | 02/15/40 | 160,609 | |||||||||||||
300,000 | Duke Energy Carolinas LLC | 3.750 | 06/01/45 | 320,845 | |||||||||||||
200,000 | Duke Energy Carolinas LLC | 3.875 | 03/15/46 | 215,861 | |||||||||||||
1,750,000 | Duke Energy Carolinas LLC | 3.700 | 12/01/47 | 1,858,972 | |||||||||||||
1,500,000 | Duke Energy Carolinas LLC | 3.950 | 03/15/48 | 1,645,431 | |||||||||||||
1,000,000 | Duke Energy Carolinas LLC | 3.200 | 08/15/49 | 980,660 | |||||||||||||
1,500,000 | Duke Energy Carolinas LLC | 3.450 | 04/15/51 | 1,532,062 | |||||||||||||
300,000 | Duke Energy Corp | 3.050 | 08/15/22 | 308,592 | |||||||||||||
300,000 | Duke Energy Corp | 3.950 | 10/15/23 | 322,596 | |||||||||||||
1,000,000 | Duke Energy Corp | 0.900 | 09/15/25 | 978,309 | |||||||||||||
2,700,000 | Duke Energy Corp | 2.650 | 09/01/26 | 2,825,100 | |||||||||||||
350,000 | Duke Energy Corp | 3.150 | 08/15/27 | 372,840 | |||||||||||||
1,000,000 | Duke Energy Corp | 2.450 | 06/01/30 | 986,761 | |||||||||||||
300,000 | Duke Energy Corp | 4.800 | 12/15/45 | 344,829 | |||||||||||||
3,475,000 | Duke Energy Corp | 3.750 | 09/01/46 | 3,494,725 | |||||||||||||
500,000 | Duke Energy Corp | 4.200 | 06/15/49 | 530,018 | |||||||||||||
1,200,000 | Duke Energy Florida LLC | 3.100 | 08/15/21 | 1,203,662 | |||||||||||||
1,200,000 | �� | Duke Energy Florida LLC | 3.200 | 01/15/27 | 1,297,294 | ||||||||||||
375,000 | Duke Energy Florida LLC | 6.400 | 06/15/38 | 532,723 | |||||||||||||
500,000 | Duke Energy Florida LLC | 3.400 | 10/01/46 | 508,684 | |||||||||||||
300,000 | Duke Energy Florida LLC | 4.200 | 07/15/48 | 343,520 | |||||||||||||
300,000 | Duke Energy Indiana LLC | 3.750 | 05/15/46 | 313,609 | |||||||||||||
500,000 | Duke Energy Indiana LLC | 3.250 | 10/01/49 | 493,434 | |||||||||||||
275,000 | Duke Energy Indiana LLC | 2.750 | 04/01/50 | 246,613 | |||||||||||||
200,000 | Duke Energy Ohio, Inc | 3.650 | 02/01/29 | 217,490 | |||||||||||||
25,000 | Duke Energy Ohio, Inc | 2.125 | 06/01/30 | 24,320 | |||||||||||||
200,000 | Duke Energy Ohio, Inc | 3.700 | 06/15/46 | 208,697 | |||||||||||||
200,000 | Duke Energy Ohio, Inc | 4.300 | 02/01/49 | 227,938 | |||||||||||||
350,000 | Duke Energy Progress LLC | 3.000 | 09/15/21 | 351,830 | |||||||||||||
150,000 | Duke Energy Progress LLC | 2.800 | 05/15/22 | 153,116 | |||||||||||||
300,000 | Duke Energy Progress LLC | 3.375 | 09/01/23 | 319,234 | |||||||||||||
300,000 | Duke Energy Progress LLC | 3.250 | 08/15/25 | 324,087 | |||||||||||||
300,000 | Duke Energy Progress LLC | 3.700 | 09/01/28 | 332,262 | |||||||||||||
5,357,000 | Duke Energy Progress LLC | 3.450 | 03/15/29 | 5,823,038 | |||||||||||||
400,000 | Duke Energy Progress LLC | 4.375 | 03/30/44 | 463,270 | |||||||||||||
500,000 | Duke Energy Progress LLC | 4.150 | 12/01/44 | 565,531 | |||||||||||||
300,000 | Duke Energy Progress LLC | 4.200 | 08/15/45 | 339,195 | |||||||||||||
500,000 | Duke Energy Progress LLC | 3.700 | 10/15/46 | 526,221 | |||||||||||||
200,000 | Duke Energy Progress LLC | 3.600 | 09/15/47 | 208,595 | |||||||||||||
600,000 | Duke Energy Progress LLC | 2.500 | 08/15/50 | 511,309 |
97 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 200,000 | Edison International | 2.400 | % | 09/15/22 | $ | 203,953 | ||||||||||
300,000 | Edison International | 3.125 | 11/15/22 | 310,041 | |||||||||||||
800,000 | Edison International | 3.550 | 11/15/24 | 859,591 | |||||||||||||
750,000 | Edison International | 5.750 | 06/15/27 | 874,914 | |||||||||||||
300,000 | Edison International | 4.125 | 03/15/28 | 321,913 | |||||||||||||
200,000 | El Paso Electric Co | 5.000 | 12/01/44 | 224,921 | |||||||||||||
300,000 | Emera US Finance LP | 2.700 | 06/15/21 | 300,785 | |||||||||||||
1,075,000 | Emera US Finance LP | 3.550 | 06/15/26 | 1,165,688 | |||||||||||||
625,000 | Emera US Finance LP | 4.750 | 06/15/46 | 696,713 | |||||||||||||
50,000 | Empresa Nacional de Electricidad S.A. | 4.250 | 04/15/24 | 53,722 | |||||||||||||
675,000 | Enel Chile S.A. | 4.875 | 06/12/28 | 781,650 | |||||||||||||
400,000 | Enersis Americas S.A. | 4.000 | 10/25/26 | 436,876 | |||||||||||||
175,000 | Entergy Arkansas LLC | 3.700 | 06/01/24 | 189,925 | |||||||||||||
600,000 | Entergy Arkansas LLC | 3.500 | 04/01/26 | 655,379 | |||||||||||||
200,000 | Entergy Arkansas LLC | 4.200 | 04/01/49 | 224,043 | |||||||||||||
425,000 | Entergy Arkansas LLC | 2.650 | 06/15/51 | 373,455 | |||||||||||||
750,000 | Entergy Arkansas LLC | 3.350 | 06/15/52 | 752,348 | |||||||||||||
200,000 | Entergy Corp | 4.000 | 07/15/22 | 207,717 | |||||||||||||
1,000,000 | Entergy Corp | 0.900 | 09/15/25 | 976,513 | |||||||||||||
1,300,000 | Entergy Corp | 2.950 | 09/01/26 | 1,385,872 | |||||||||||||
1,000,000 | Entergy Corp | 1.900 | 06/15/28 | 976,657 | |||||||||||||
175,000 | Entergy Corp | 2.800 | 06/15/30 | 176,216 | |||||||||||||
625,000 | Entergy Corp | 2.400 | 06/15/31 | 603,856 | |||||||||||||
500,000 | Entergy Corp | 3.750 | 06/15/50 | 501,810 | |||||||||||||
200,000 | Entergy Louisiana LLC | 4.050 | 09/01/23 | 215,005 | |||||||||||||
1,000,000 | Entergy Louisiana LLC | 0.620 | 11/17/23 | 1,001,324 | |||||||||||||
200,000 | Entergy Louisiana LLC | 2.400 | 10/01/26 | 207,907 | |||||||||||||
200,000 | Entergy Louisiana LLC | 3.120 | 09/01/27 | 216,471 | |||||||||||||
1,000,000 | Entergy Louisiana LLC | 1.600 | 12/15/30 | 931,425 | |||||||||||||
1,000,000 | Entergy Louisiana LLC | 2.350 | 06/15/32 | 985,098 | |||||||||||||
500,000 | Entergy Louisiana LLC | 4.000 | 03/15/33 | 569,479 | |||||||||||||
1,000,000 | Entergy Louisiana LLC | 3.100 | 06/15/41 | 1,002,653 | |||||||||||||
300,000 | Entergy Louisiana LLC | 4.200 | 09/01/48 | 337,834 | |||||||||||||
300,000 | Entergy Louisiana LLC | 4.200 | 04/01/50 | 338,572 | |||||||||||||
875,000 | Entergy Louisiana LLC | 2.900 | 03/15/51 | 803,057 | |||||||||||||
800,000 | Entergy Mississippi LLC | 3.850 | 06/01/49 | 839,671 | |||||||||||||
475,000 | Entergy Mississippi LLC | 3.500 | 06/01/51 | 481,297 | |||||||||||||
1,000,000 | Entergy Texas, Inc | 4.000 | 03/30/29 | 1,109,095 | |||||||||||||
575,000 | Entergy Texas, Inc | 1.750 | 03/15/31 | 533,825 | |||||||||||||
200,000 | Entergy Texas, Inc | 4.500 | 03/30/39 | 225,815 | |||||||||||||
700,000 | Entergy Texas, Inc | 3.550 | 09/30/49 | 695,408 | |||||||||||||
225,000 | Essential Utilities, Inc | 2.704 | 04/15/30 | 226,791 | |||||||||||||
300,000 | Essential Utilities, Inc | 3.351 | 04/15/50 | 290,299 | |||||||||||||
425,000 | Evergy Kansas Central, Inc | 3.450 | 04/15/50 | 429,870 | |||||||||||||
150,000 | Evergy Metro, Inc | 2.250 | 06/01/30 | 148,133 | |||||||||||||
200,000 | Evergy, Inc | 4.850 | 06/01/21 | 200,000 | |||||||||||||
1,100,000 | Evergy, Inc | 2.450 | 09/15/24 | 1,151,694 | |||||||||||||
750,000 | Evergy, Inc | 2.900 | 09/15/29 | 764,353 | |||||||||||||
750,000 | Eversource Energy | 2.750 | 03/15/22 | 765,120 | |||||||||||||
300,000 | Eversource Energy | 3.800 | 12/01/23 | 324,181 | |||||||||||||
300,000 | Eversource Energy | 2.900 | 10/01/24 | 319,896 | |||||||||||||
100,000 | Eversource Energy | 0.800 | 08/15/25 | 97,476 | |||||||||||||
200,000 | Eversource Energy | 3.300 | 01/15/28 | 213,652 | |||||||||||||
300,000 | Eversource Energy | 4.250 | 04/01/29 | 340,632 |
98 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 100,000 | Eversource Energy | 1.650 | % | 08/15/30 | $ | 92,744 | ||||||||||
1,000,000 | Eversource Energy | 2.550 | 03/15/31 | 1,000,269 | |||||||||||||
1,100,000 | Eversource Energy | 3.450 | 01/15/50 | 1,092,745 | |||||||||||||
1,122,000 | Exelon Corp | 2.450 | 04/15/21 | 1,122,628 | |||||||||||||
1,200,000 | Exelon Corp | 3.497 | 06/01/22 | 1,237,714 | |||||||||||||
425,000 | Exelon Corp | 3.400 | 04/15/26 | 459,787 | |||||||||||||
500,000 | Exelon Corp | 4.950 | 06/15/35 | 589,082 | |||||||||||||
975,000 | Exelon Corp | 4.450 | 04/15/46 | 1,117,680 | |||||||||||||
100,000 | Exelon Corp | 4.700 | 04/15/50 | 119,781 | |||||||||||||
150,000 | Exelon Generation Co LLC | 3.400 | 03/15/22 | 153,768 | |||||||||||||
200,000 | Exelon Generation Co LLC | 4.250 | 06/15/22 | 206,778 | |||||||||||||
2,500,000 | Exelon Generation Co LLC | 3.250 | 06/01/25 | 2,669,138 | |||||||||||||
900,000 | Exelon Generation Co LLC | 6.250 | 10/01/39 | 1,044,650 | |||||||||||||
625,000 | Exelon Generation Co LLC | 5.600 | 06/15/42 | 686,847 | |||||||||||||
400,000 | Florida Power & Light Co | 2.750 | 06/01/23 | 415,111 | |||||||||||||
500,000 | Florida Power & Light Co | 3.250 | 06/01/24 | 534,988 | |||||||||||||
907,000 | Florida Power & Light Co | 3.125 | 12/01/25 | 978,745 | |||||||||||||
100,000 | Florida Power & Light Co | 4.125 | 02/01/42 | 114,558 | |||||||||||||
200,000 | Florida Power & Light Co | 4.050 | 06/01/42 | 226,314 | |||||||||||||
450,000 | Florida Power & Light Co | 3.800 | 12/15/42 | 491,238 | |||||||||||||
400,000 | Florida Power & Light Co | 4.050 | 10/01/44 | 452,306 | |||||||||||||
500,000 | Florida Power & Light Co | 3.700 | 12/01/47 | 543,492 | |||||||||||||
1,675,000 | Florida Power & Light Co | 3.950 | 03/01/48 | 1,910,543 | |||||||||||||
500,000 | Florida Power & Light Co | 4.125 | 06/01/48 | 582,447 | |||||||||||||
1,100,000 | Florida Power & Light Co | 3.990 | 03/01/49 | 1,265,151 | |||||||||||||
400,000 | Florida Power & Light Co | 3.150 | 10/01/49 | 402,566 | |||||||||||||
768,000 | Fortis, Inc | 3.055 | 10/04/26 | 817,515 | |||||||||||||
225,000 | Georgia Power Co | 2.100 | 07/30/23 | 232,242 | |||||||||||||
600,000 | Georgia Power Co | 2.200 | 09/15/24 | 625,964 | |||||||||||||
100,000 | Georgia Power Co | 3.250 | 04/01/26 | 108,080 | |||||||||||||
700,000 | Georgia Power Co | 3.250 | 03/30/27 | 751,765 | |||||||||||||
700,000 | Georgia Power Co | 2.650 | 09/15/29 | 714,194 | |||||||||||||
625,000 | Georgia Power Co | 4.300 | 03/15/42 | 696,297 | |||||||||||||
700,000 | Georgia Power Co | 4.300 | 03/15/43 | 787,855 | |||||||||||||
2,500,000 | Georgia Power Co | 3.250 | 03/15/51 | 2,386,530 | |||||||||||||
200,000 | Gulf Power Co | 3.300 | 05/30/27 | 216,365 | |||||||||||||
250,000 | Iberdrola International BV | 5.810 | 03/15/25 | 290,275 | |||||||||||||
400,000 | Iberdrola International BV | 6.750 | 07/15/36 | 580,839 | |||||||||||||
500,000 | Indiana Michigan Power Co | 3.850 | 05/15/28 | 554,025 | |||||||||||||
225,000 | Indiana Michigan Power Co | 4.550 | 03/15/46 | 263,575 | |||||||||||||
100,000 | Indiana Michigan Power Co | 3.750 | 07/01/47 | 104,515 | |||||||||||||
300,000 | Indiana Michigan Power Co | 4.250 | 08/15/48 | 342,148 | |||||||||||||
500,000 | Interstate Power & Light Co | 3.250 | 12/01/24 | 539,659 | |||||||||||||
725,000 | Interstate Power & Light Co | 4.100 | 09/26/28 | 815,658 | |||||||||||||
325,000 | Interstate Power & Light Co | 3.600 | 04/01/29 | 354,481 | |||||||||||||
125,000 | Interstate Power & Light Co | 2.300 | 06/01/30 | 123,294 | |||||||||||||
100,000 | Interstate Power & Light Co | 6.250 | 07/15/39 | 135,970 | |||||||||||||
100,000 | Interstate Power & Light Co | 3.700 | 09/15/46 | 102,743 | |||||||||||||
300,000 | Interstate Power & Light Co | 3.500 | 09/30/49 | 295,348 | |||||||||||||
1,000,000 | IPALCO Enterprises, Inc | 3.700 | 09/01/24 | 1,080,162 | |||||||||||||
100,000 | g | IPALCO Enterprises, Inc | 4.250 | 05/01/30 | 108,936 | ||||||||||||
300,000 | ITC Holdings Corp | 2.700 | 11/15/22 | 309,635 | |||||||||||||
300,000 | ITC Holdings Corp | 3.650 | 06/15/24 | 322,854 |
99 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 100,000 | ITC Holdings Corp | 3.250 | % | 06/30/26 | $ | 107,830 | ||||||||||
900,000 | ITC Holdings Corp | 3.350 | 11/15/27 | 974,439 | |||||||||||||
200,000 | Kansas City Power & Light Co | 3.650 | 08/15/25 | 218,800 | |||||||||||||
100,000 | Kansas City Power & Light Co | 5.300 | 10/01/41 | 124,140 | |||||||||||||
650,000 | Kansas City Power & Light Co | 4.200 | 06/15/47 | 723,575 | |||||||||||||
100,000 | Kansas City Power & Light Co | 4.200 | 03/15/48 | 113,138 | |||||||||||||
300,000 | Kansas City Power & Light Co | 4.125 | 04/01/49 | 337,628 | |||||||||||||
300,000 | Kentucky Utilities Co | 4.375 | 10/01/45 | 339,371 | |||||||||||||
400,000 | Kentucky Utilities Co | 3.300 | 06/01/50 | 389,219 | |||||||||||||
250,000 | KeySpan Corp | 5.803 | 04/01/35 | 303,026 | |||||||||||||
300,000 | Louisville Gas & Electric Co | 4.250 | 04/01/49 | 341,523 | |||||||||||||
1,500,000 | MidAmerican Energy Co | 3.100 | 05/01/27 | 1,625,643 | |||||||||||||
575,000 | MidAmerican Energy Co | 3.650 | 04/15/29 | 637,832 | |||||||||||||
200,000 | MidAmerican Energy Co | 4.800 | 09/15/43 | 244,097 | |||||||||||||
200,000 | MidAmerican Energy Co | 4.400 | 10/15/44 | 230,562 | |||||||||||||
200,000 | MidAmerican Energy Co | 4.250 | 05/01/46 | 230,182 | |||||||||||||
500,000 | MidAmerican Energy Co | 3.950 | 08/01/47 | 555,216 | |||||||||||||
1,000,000 | MidAmerican Energy Co | 3.650 | 08/01/48 | 1,057,490 | |||||||||||||
300,000 | MidAmerican Energy Co | 4.250 | 07/15/49 | 352,342 | |||||||||||||
300,000 | MidAmerican Energy Co | 3.150 | 04/15/50 | 294,825 | |||||||||||||
500,000 | Mississippi Power Co | 3.950 | 03/30/28 | 551,140 | |||||||||||||
750,000 | Mississippi Power Co | �� | 4.250 | 03/15/42 | 824,912 | ||||||||||||
200,000 | National Fuel Gas Co | 3.750 | 03/01/23 | 209,243 | |||||||||||||
300,000 | National Fuel Gas Co | 5.200 | 07/15/25 | 336,671 | |||||||||||||
300,000 | National Fuel Gas Co | 5.500 | 01/15/26 | 342,853 | |||||||||||||
200,000 | National Fuel Gas Co | 3.950 | 09/15/27 | 212,330 | |||||||||||||
200,000 | National Fuel Gas Co | 4.750 | 09/01/28 | 220,561 | |||||||||||||
1,100,000 | National Fuel Gas Co | 2.950 | 03/01/31 | 1,059,261 | |||||||||||||
1,000,000 | Nevada Power Co | 3.700 | 05/01/29 | 1,103,281 | |||||||||||||
500,000 | Nevada Power Co | 2.400 | 05/01/30 | 498,286 | |||||||||||||
500,000 | Nevada Power Co | 3.125 | 08/01/50 | 479,996 | |||||||||||||
500,000 | NextEra Energy Capital Holdings, Inc | 2.900 | 04/01/22 | 512,593 | |||||||||||||
300,000 | NextEra Energy Capital Holdings, Inc | 2.800 | 01/15/23 | 311,928 | |||||||||||||
2,000,000 | NextEra Energy Capital Holdings, Inc | 0.650 | 03/01/23 | 2,006,394 | |||||||||||||
850,000 | NextEra Energy Capital Holdings, Inc | 3.150 | 04/01/24 | 906,092 | |||||||||||||
500,000 | NextEra Energy Capital Holdings, Inc | 2.750 | 05/01/25 | 528,372 | |||||||||||||
750,000 | NextEra Energy Capital Holdings, Inc | 3.250 | 04/01/26 | 810,763 | |||||||||||||
1,125,000 | NextEra Energy Capital Holdings, Inc | 3.550 | 05/01/27 | 1,234,715 | |||||||||||||
300,000 | NextEra Energy Capital Holdings, Inc | 3.500 | 04/01/29 | 322,078 | |||||||||||||
450,000 | NextEra Energy Capital Holdings, Inc | 2.750 | 11/01/29 | 461,150 | |||||||||||||
2,980,000 | NextEra Energy Capital Holdings, Inc | 2.250 | 06/01/30 | 2,915,645 | |||||||||||||
1,700,000 | NextEra Energy Capital Holdings, Inc | 5.650 | 05/01/79 | 1,936,730 | |||||||||||||
500,000 | NiSource, Inc | 0.950 | 08/15/25 | 490,489 | |||||||||||||
1,000,000 | NiSource, Inc | 3.490 | 05/15/27 | 1,085,097 | |||||||||||||
750,000 | NiSource, Inc | 2.950 | 09/01/29 | 771,991 | |||||||||||||
200,000 | NiSource, Inc | 3.600 | 05/01/30 | 216,772 | |||||||||||||
800,000 | NiSource, Inc | 1.700 | 02/15/31 | 740,976 | |||||||||||||
77,000 | NiSource, Inc | 5.950 | 06/15/41 | 99,758 | |||||||||||||
700,000 | NiSource, Inc | 5.250 | 02/15/43 | 863,481 | |||||||||||||
450,000 | NiSource, Inc | 4.800 | 02/15/44 | 526,052 | |||||||||||||
815,000 | NiSource, Inc | 5.650 | 02/01/45 | 1,047,143 | |||||||||||||
350,000 | NiSource, Inc | 4.375 | 05/15/47 | 392,213 | |||||||||||||
500,000 | NiSource, Inc | 3.950 | 03/30/48 | 525,652 | |||||||||||||
150,000 | Northern States Power Co | 2.150 | 08/15/22 | 151,935 |
100 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 300,000 | Northern States Power Co | 2.600 | % | 05/15/23 | $ | 310,630 | |||||||||
600,000 | Northern States Power Co | 2.250 | 04/01/31 | 599,258 | ||||||||||||
425,000 | Northern States Power Co | 5.350 | 11/01/39 | 549,656 | ||||||||||||
175,000 | Northern States Power Co | 3.600 | 05/15/46 | 184,614 | ||||||||||||
1,950,000 | Northern States Power Co | 3.600 | 09/15/47 | 2,083,609 | ||||||||||||
325,000 | Northern States Power Co | 2.900 | 03/01/50 | 310,453 | ||||||||||||
750,000 | Northern States Power Co | 2.600 | 06/01/51 | 671,607 | ||||||||||||
1,000,000 | Northern States Power Co | 3.200 | 04/01/52 | 1,002,524 | ||||||||||||
1,000,000 | Northwest Pipeline LLC | 4.000 | 04/01/27 | 1,120,295 | ||||||||||||
200,000 | NorthWestern Corp | 4.176 | 11/15/44 | 221,175 | ||||||||||||
200,000 | NSTAR Electric Co | 2.375 | 10/15/22 | 204,998 | ||||||||||||
1,300,000 | NSTAR Electric Co | 3.200 | 05/15/27 | 1,405,681 | ||||||||||||
200,000 | Nvent Finance Sarl | 3.950 | 04/15/23 | 208,794 | ||||||||||||
200,000 | Nvent Finance Sarl | 4.550 | 04/15/28 | 211,724 | ||||||||||||
500,000 | Oglethorpe Power Corp | 5.050 | 10/01/48 | 588,680 | ||||||||||||
750,000 | g | Oglethorpe Power Corp | 3.750 | 08/01/50 | 728,375 | |||||||||||
500,000 | Oglethorpe Power Corp | 5.250 | 09/01/50 | 580,040 | ||||||||||||
600,000 | Ohio Power Co | 5.375 | 10/01/21 | 614,147 | ||||||||||||
2,000,000 | Ohio Power Co | 1.625 | 01/15/31 | 1,863,711 | ||||||||||||
500,000 | Ohio Power Co | 4.150 | 04/01/48 | 560,129 | ||||||||||||
1,500,000 | Ohio Power Co | 4.000 | 06/01/49 | 1,674,971 | ||||||||||||
200,000 | Oklahoma Gas & Electric Co | 3.800 | 08/15/28 | 220,439 | ||||||||||||
500,000 | Oklahoma Gas & Electric Co | 3.300 | 03/15/30 | 535,485 | ||||||||||||
100,000 | Oklahoma Gas & Electric Co | 3.250 | 04/01/30 | 106,021 | ||||||||||||
200,000 | Oklahoma Gas & Electric Co | 4.150 | 04/01/47 | 220,218 | ||||||||||||
200,000 | Oklahoma Gas & Electric Co | 3.850 | 08/15/47 | 212,873 | ||||||||||||
150,000 | Oncor Electric Delivery Co LLC | 4.100 | 06/01/22 | 154,842 | ||||||||||||
500,000 | Oncor Electric Delivery Co LLC | 2.750 | 06/01/24 | 529,499 | ||||||||||||
400,000 | Oncor Electric Delivery Co LLC | 2.950 | 04/01/25 | 424,675 | ||||||||||||
1,000,000 | g | Oncor Electric Delivery Co LLC | 0.550 | 10/01/25 | 969,362 | |||||||||||
750,000 | Oncor Electric Delivery Co LLC | 3.700 | 11/15/28 | 831,790 | ||||||||||||
1,500,000 | Oncor Electric Delivery Co LLC | 5.750 | 03/15/29 | 1,856,376 | ||||||||||||
325,000 | Oncor Electric Delivery Co LLC | 2.750 | 05/15/30 | 338,757 | ||||||||||||
100,000 | Oncor Electric Delivery Co LLC | 5.250 | 09/30/40 | 130,128 | ||||||||||||
550,000 | Oncor Electric Delivery Co LLC | 4.550 | 12/01/41 | 648,363 | ||||||||||||
56,000 | Oncor Electric Delivery Co LLC | 5.300 | 06/01/42 | 72,225 | ||||||||||||
300,000 | Oncor Electric Delivery Co LLC | 3.750 | 04/01/45 | 322,243 | ||||||||||||
400,000 | Oncor Electric Delivery Co LLC | 3.800 | 09/30/47 | 430,613 | ||||||||||||
200,000 | Oncor Electric Delivery Co LLC | 4.100 | 11/15/48 | 226,682 | ||||||||||||
500,000 | Oncor Electric Delivery Co LLC | 3.800 | 06/01/49 | 543,605 | ||||||||||||
500,000 | Oncor Electric Delivery Co LLC | 3.100 | 09/15/49 | 485,408 | ||||||||||||
200,000 | Oncor Electric Delivery Co LLC | 3.700 | 05/15/50 | 214,887 | ||||||||||||
164,000 | g | Oncor Electric Delivery Co LLC | 5.350 | 10/01/52 | 222,190 | |||||||||||
137,000 | ONE Gas, Inc | 3.610 | 02/01/24 | 146,050 | ||||||||||||
2,000,000 | ONE Gas, Inc | 1.100 | 03/11/24 | 1,999,430 | ||||||||||||
100,000 | ONE Gas, Inc | 2.000 | 05/15/30 | 94,575 | ||||||||||||
100,000 | ONE Gas, Inc | 4.658 | 02/01/44 | 113,387 | ||||||||||||
500,000 | ONE Gas, Inc | 4.500 | 11/01/48 | 559,541 | ||||||||||||
1,575,000 | ONEOK Partners LP | 3.375 | 10/01/22 | 1,627,163 | ||||||||||||
200,000 | ONEOK Partners LP | 5.000 | 09/15/23 | 217,060 | ||||||||||||
700,000 | ONEOK Partners LP | 4.900 | 03/15/25 | 777,547 | ||||||||||||
130,000 | ONEOK Partners LP | 6.650 | 10/01/36 | 163,046 | ||||||||||||
250,000 | ONEOK Partners LP | 6.850 | 10/15/37 | 316,433 |
101 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 100,000 | ONEOK Partners LP | 6.125 | % | 02/01/41 | $ | 117,155 | |||||||||
3,000,000 | Pacific Gas and Electric Co | 1.750 | 06/16/22 | 3,004,553 | ||||||||||||
5,000,000 | Pacific Gas and Electric Co | 3.150 | 01/01/26 | 5,208,027 | ||||||||||||
3,000,000 | Pacific Gas and Electric Co | 2.100 | 08/01/27 | 2,937,224 | ||||||||||||
3,000,000 | Pacific Gas and Electric Co | 4.550 | 07/01/30 | 3,253,801 | ||||||||||||
4,000,000 | Pacific Gas and Electric Co | 2.500 | 02/01/31 | 3,774,007 | ||||||||||||
1,000,000 | Pacific Gas and Electric Co | 3.250 | 06/01/31 | 995,578 | ||||||||||||
750,000 | Pacific Gas and Electric Co | 4.500 | 07/01/40 | 760,900 | ||||||||||||
1,000,000 | Pacific Gas and Electric Co | 3.300 | 08/01/40 | 905,119 | ||||||||||||
1,500,000 | Pacific Gas and Electric Co | 4.200 | 06/01/41 | 1,492,527 | ||||||||||||
2,200,000 | Pacific Gas and Electric Co | 4.950 | 07/01/50 | 2,260,928 | ||||||||||||
3,300,000 | Pacific Gas and Electric Co | 3.500 | 08/01/50 | 2,863,626 | ||||||||||||
250,000 | PacifiCorp | 2.950 | 02/01/22 | 253,898 | ||||||||||||
500,000 | PacifiCorp | 3.500 | 06/15/29 | 544,556 | ||||||||||||
500,000 | PacifiCorp | 2.700 | 09/15/30 | 512,321 | ||||||||||||
850,000 | PacifiCorp | 6.000 | 01/15/39 | 1,143,386 | ||||||||||||
300,000 | PacifiCorp | 4.125 | 01/15/49 | 334,085 | ||||||||||||
1,300,000 | PacifiCorp | 4.150 | 02/15/50 | 1,469,018 | ||||||||||||
250,000 | PacifiCorp | 3.300 | 03/15/51 | 246,439 | ||||||||||||
200,000 | PECO Energy Co | 1.700 | 09/15/21 | 200,977 | ||||||||||||
150,000 | PECO Energy Co | 2.375 | 09/15/22 | 153,541 | ||||||||||||
200,000 | PECO Energy Co | 3.150 | 10/15/25 | 215,044 | ||||||||||||
200,000 | PECO Energy Co | 4.150 | 10/01/44 | 225,563 | ||||||||||||
200,000 | PECO Energy Co | 3.700 | 09/15/47 | 214,330 | ||||||||||||
1,200,000 | PECO Energy Co | 3.900 | 03/01/48 | 1,327,306 | ||||||||||||
125,000 | PECO Energy Co | 3.000 | 09/15/49 | 119,658 | ||||||||||||
100,000 | PECO Energy Co | 2.800 | 06/15/50 | 93,135 | ||||||||||||
475,000 | PECO Energy Co | 3.050 | 03/15/51 | 464,128 | ||||||||||||
1,000,000 | Piedmont Natural Gas Co, Inc | 2.500 | 03/15/31 | 989,720 | ||||||||||||
200,000 | Piedmont Natural Gas Co, Inc | 4.650 | 08/01/43 | 235,265 | ||||||||||||
1,600,000 | Piedmont Natural Gas Co, Inc | 3.350 | 06/01/50 | 1,555,411 | ||||||||||||
1,000,000 | Pinnacle West Capital Corp | 1.300 | 06/15/25 | 994,137 | ||||||||||||
200,000 | Potomac Electric Power Co | 3.600 | 03/15/24 | 214,785 | ||||||||||||
900,000 | Potomac Electric Power Co | 4.150 | 03/15/43 | 1,016,589 | ||||||||||||
300,000 | PPL Capital Funding, Inc | 4.200 | 06/15/22 | 310,124 | ||||||||||||
200,000 | PPL Capital Funding, Inc | 3.500 | 12/01/22 | 208,182 | ||||||||||||
400,000 | PPL Capital Funding, Inc | 3.400 | 06/01/23 | 420,934 | ||||||||||||
1,100,000 | PPL Capital Funding, Inc | 3.950 | 03/15/24 | 1,187,725 | ||||||||||||
950,000 | PPL Capital Funding, Inc | 3.100 | 05/15/26 | 1,012,401 | ||||||||||||
500,000 | PPL Capital Funding, Inc | 4.125 | 04/15/30 | 561,967 | ||||||||||||
1,300,000 | PPL Capital Funding, Inc | 4.000 | 09/15/47 | 1,397,227 | ||||||||||||
200,000 | PPL Electric Utilities Corp | 4.125 | 06/15/44 | 222,204 | ||||||||||||
275,000 | PPL Electric Utilities Corp | 4.150 | 10/01/45 | 307,966 | ||||||||||||
500,000 | PPL Electric Utilities Corp | 3.950 | 06/01/47 | 550,981 | ||||||||||||
200,000 | PPL Electric Utilities Corp | 4.150 | 06/15/48 | 228,859 | ||||||||||||
525,000 | PPL Electric Utilities Corp | 3.000 | 10/01/49 | 498,373 | ||||||||||||
300,000 | Progress Energy, Inc | 3.150 | 04/01/22 | 305,967 | ||||||||||||
500,000 | PSEG Power LLC | 3.000 | 06/15/21 | 501,214 | ||||||||||||
1,342,000 | PSEG Power LLC | 3.850 | 06/01/23 | 1,430,712 | ||||||||||||
150,000 | Public Service Co of Colorado | 2.250 | 09/15/22 | 152,868 | ||||||||||||
250,000 | Public Service Co of Colorado | 3.700 | 06/15/28 | 276,535 | ||||||||||||
1,000,000 | Public Service Co of Colorado | 1.900 | 01/15/31 | 963,548 | ||||||||||||
1,050,000 | Public Service Co of Colorado | 1.875 | 06/15/31 | 1,004,426 | ||||||||||||
200,000 | Public Service Co of Colorado | 3.800 | 06/15/47 | 215,677 |
102 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 100,000 | Public Service Co of Colorado | 4.100 | % | 06/15/48 | $ | 113,245 | |||||||||
300,000 | Public Service Co of Colorado | 4.050 | 09/15/49 | 342,764 | ||||||||||||
400,000 | Public Service Co of Colorado | 3.200 | 03/01/50 | 400,843 | ||||||||||||
350,000 | Public Service Co of Colorado | 2.700 | 01/15/51 | 316,647 | ||||||||||||
100,000 | Public Service Co of New Hampshire | 3.600 | 07/01/49 | 105,015 | ||||||||||||
300,000 | Public Service Electric & Gas Co | 3.250 | 09/01/23 | 318,404 | ||||||||||||
300,000 | Public Service Electric & Gas Co | 2.250 | 09/15/26 | 313,798 | ||||||||||||
450,000 | Public Service Electric & Gas Co | 3.000 | 05/15/27 | 483,011 | ||||||||||||
250,000 | Public Service Electric & Gas Co | 3.700 | 05/01/28 | 275,450 | ||||||||||||
500,000 | Public Service Electric & Gas Co | 3.200 | 05/15/29 | 535,295 | ||||||||||||
500,000 | Public Service Electric & Gas Co | 2.450 | 01/15/30 | 504,805 | ||||||||||||
200,000 | Public Service Electric & Gas Co | 3.800 | 01/01/43 | 219,239 | ||||||||||||
600,000 | Public Service Electric & Gas Co | 3.800 | 03/01/46 | 663,694 | ||||||||||||
200,000 | Public Service Electric & Gas Co | 3.600 | 12/01/47 | 213,234 | ||||||||||||
250,000 | Public Service Electric & Gas Co | 4.050 | 05/01/48 | 284,820 | ||||||||||||
500,000 | Public Service Electric & Gas Co | 3.850 | 05/01/49 | 553,690 | ||||||||||||
575,000 | Public Service Electric & Gas Co | 3.200 | 08/01/49 | 572,453 | ||||||||||||
500,000 | Public Service Electric & Gas Co | 3.150 | 01/01/50 | 497,821 | ||||||||||||
175,000 | Public Service Electric & Gas Co | 2.700 | 05/01/50 | 161,152 | ||||||||||||
425,000 | Public Service Electric & Gas Co | 2.050 | 08/01/50 | 341,916 | ||||||||||||
1,000,000 | Public Service Electric and Gas Co | 0.950 | 03/15/26 | 986,295 | ||||||||||||
2,000,000 | Public Service Electric and Gas Co | 3.000 | 03/01/51 | 1,924,864 | ||||||||||||
400,000 | Public Service Enterprise Group, Inc | 0.800 | 08/15/25 | 389,092 | ||||||||||||
400,000 | Public Service Enterprise Group, Inc | 1.600 | 08/15/30 | 368,382 | ||||||||||||
1,585,000 | Puget Energy, Inc | 3.650 | 05/15/25 | 1,713,318 | ||||||||||||
1,000,000 | Puget Energy, Inc | 4.100 | 06/15/30 | 1,083,716 | ||||||||||||
250,000 | Puget Sound Energy, Inc | 5.757 | 10/01/39 | 331,814 | ||||||||||||
200,000 | Puget Sound Energy, Inc | 4.300 | 05/20/45 | 227,261 | ||||||||||||
725,000 | Puget Sound Energy, Inc | 4.223 | 06/15/48 | 812,395 | ||||||||||||
275,000 | Puget Sound Energy, Inc | 3.250 | 09/15/49 | 264,497 | ||||||||||||
150,000 | San Diego Gas & Electric Co | 3.000 | 08/15/21 | 151,486 | ||||||||||||
400,000 | San Diego Gas & Electric Co | 3.600 | 09/01/23 | 426,545 | ||||||||||||
800,000 | San Diego Gas & Electric Co | 2.500 | 05/15/26 | 835,354 | ||||||||||||
500,000 | San Diego Gas & Electric Co | 1.700 | 10/01/30 | 469,753 | ||||||||||||
300,000 | San Diego Gas & Electric Co | 3.750 | 06/01/47 | 318,687 | ||||||||||||
300,000 | San Diego Gas & Electric Co | 4.150 | 05/15/48 | 338,181 | ||||||||||||
750,000 | San Diego Gas & Electric Co | 4.100 | 06/15/49 | 842,880 | ||||||||||||
150,000 | Sempra Energy | 2.875 | 10/01/22 | 154,171 | ||||||||||||
500,000 | Sempra Energy | 2.900 | 02/01/23 | 520,157 | ||||||||||||
500,000 | Sempra Energy | 4.050 | 12/01/23 | 538,088 | ||||||||||||
200,000 | Sempra Energy | 3.750 | 11/15/25 | 219,474 | ||||||||||||
1,525,000 | Sempra Energy | 3.250 | 06/15/27 | 1,631,458 | ||||||||||||
675,000 | Sempra Energy | 3.400 | 02/01/28 | 723,895 | ||||||||||||
825,000 | Sempra Energy | 3.800 | 02/01/38 | 886,771 | ||||||||||||
125,000 | Sempra Energy | 6.000 | 10/15/39 | 165,783 | ||||||||||||
850,000 | Sempra Energy | 4.000 | 02/01/48 | 895,253 | ||||||||||||
869,000 | Sierra Pacific Power Co | 2.600 | 05/01/26 | 916,487 | ||||||||||||
50,000 | South Carolina Electric & Gas Co | 5.300 | 05/15/33 | 63,144 | ||||||||||||
125,000 | South Carolina Electric & Gas Co | 5.450 | 02/01/41 | 162,533 | ||||||||||||
800,000 | South Carolina Electric & Gas Co | 4.600 | 06/15/43 | 951,494 | ||||||||||||
500,000 | Southern California Edison Co | 2.400 | 02/01/22 | 506,581 | ||||||||||||
100,000 | Southern California Edison Co | 3.400 | 06/01/23 | 105,853 | ||||||||||||
1,000,000 | h | Southern California Edison Co | 1.100 | 04/01/24 | 999,986 |
103 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 500,000 | Southern California Edison Co | 3.700 | % | 08/01/25 | $ | 546,073 | |||||||||
1,000,000 | Southern California Edison Co | 1.200 | 02/01/26 | 985,501 | ||||||||||||
750,000 | Southern California Edison Co | 3.650 | 03/01/28 | 817,319 | ||||||||||||
500,000 | Southern California Edison Co | 4.200 | 03/01/29 | 555,812 | ||||||||||||
600,000 | Southern California Edison Co | 2.850 | 08/01/29 | 608,959 | ||||||||||||
1,750,000 | Southern California Edison Co | 2.250 | 06/01/30 | 1,694,174 | ||||||||||||
185,000 | Southern California Edison Co | 6.050 | 03/15/39 | 240,730 | ||||||||||||
300,000 | Southern California Edison Co | 4.500 | 09/01/40 | 335,423 | ||||||||||||
825,000 | Southern California Edison Co | 4.650 | 10/01/43 | 935,613 | ||||||||||||
450,000 | Southern California Edison Co | 3.600 | 02/01/45 | 442,024 | ||||||||||||
1,937,000 | Southern California Edison Co | 4.000 | 04/01/47 | 1,995,329 | ||||||||||||
1,675,000 | Southern California Edison Co | 4.125 | 03/01/48 | 1,755,114 | ||||||||||||
500,000 | Southern California Edison Co | 4.875 | 03/01/49 | 580,414 | ||||||||||||
925,000 | Southern California Edison Co | 3.650 | 02/01/50 | 915,039 | ||||||||||||
1,500,000 | Southern California Edison Co | 2.950 | 02/01/51 | 1,316,881 | ||||||||||||
200,000 | Southern California Gas Co | 3.200 | 06/15/25 | 215,711 | ||||||||||||
200,000 | Southern California Gas Co | 2.600 | 06/15/26 | 210,808 | ||||||||||||
500,000 | Southern California Gas Co | 2.550 | 02/01/30 | 501,996 | ||||||||||||
150,000 | Southern California Gas Co | 3.750 | 09/15/42 | 161,405 | ||||||||||||
500,000 | Southern California Gas Co | 4.125 | 06/01/48 | 566,551 | ||||||||||||
300,000 | Southern California Gas Co | 4.300 | 01/15/49 | 354,384 | ||||||||||||
500,000 | Southern California Gas Co | 3.950 | 02/15/50 | 552,936 | ||||||||||||
425,000 | Southern Co | 2.950 | 07/01/23 | 445,101 | ||||||||||||
2,325,000 | Southern Co | 3.250 | 07/01/26 | 2,488,626 | ||||||||||||
1,500,000 | Southern Co | 1.750 | 03/15/28 | 1,458,805 | ||||||||||||
2,500,000 | Southern Co | 3.700 | 04/30/30 | 2,701,271 | ||||||||||||
400,000 | Southern Co | 4.250 | 07/01/36 | 449,509 | ||||||||||||
2,300,000 | Southern Co | 4.400 | 07/01/46 | 2,561,241 | ||||||||||||
1,000,000 | Southern Co | 4.000 | 01/15/51 | 1,055,250 | ||||||||||||
200,000 | Southern Co Gas Capital Corp | 2.450 | 10/01/23 | 208,179 | ||||||||||||
400,000 | Southern Co Gas Capital Corp | 3.250 | 06/15/26 | 431,691 | ||||||||||||
500,000 | Southern Co Gas Capital Corp | 1.750 | 01/15/31 | 459,983 | ||||||||||||
275,000 | Southern Co Gas Capital Corp | 4.400 | 06/01/43 | 297,839 | ||||||||||||
100,000 | Southern Co Gas Capital Corp | 3.950 | 10/01/46 | 103,487 | ||||||||||||
900,000 | Southern Co Gas Capital Corp | 4.400 | 05/30/47 | 995,342 | ||||||||||||
550,000 | Southern Natural Gas Co | 4.400 | 06/15/21 | 551,493 | ||||||||||||
200,000 | Southern Power Co | 4.150 | 12/01/25 | 222,729 | ||||||||||||
950,000 | Southern Power Co | 0.900 | 01/15/26 | 923,181 | ||||||||||||
300,000 | Southern Power Co | 4.950 | 12/15/46 | 331,760 | ||||||||||||
150,000 | Southwest Gas Corp | 3.700 | 04/01/28 | 162,409 | ||||||||||||
100,000 | Southwest Gas Corp | 2.200 | 06/15/30 | 97,003 | ||||||||||||
100,000 | Southwest Gas Corp | 3.800 | 09/29/46 | 102,753 | ||||||||||||
500,000 | Southwest Gas Corp | 4.150 | 06/01/49 | 533,662 | ||||||||||||
1,000,000 | Southwestern Electric Power Co | 1.650 | 03/15/26 | 1,002,800 | ||||||||||||
500,000 | Southwestern Electric Power Co | 2.750 | 10/01/26 | 525,940 | ||||||||||||
675,000 | Southwestern Electric Power Co | 4.100 | 09/15/28 | 747,038 | ||||||||||||
750,000 | Southwestern Electric Power Co | 3.850 | 02/01/48 | 764,365 | ||||||||||||
600,000 | Southwestern Public Service Co | 4.500 | 08/15/41 | 693,550 | ||||||||||||
300,000 | Southwestern Public Service Co | 3.400 | 08/15/46 | 299,522 | ||||||||||||
225,000 | Southwestern Public Service Co | 3.700 | 08/15/47 | 233,073 | ||||||||||||
200,000 | Southwestern Public Service Co | 4.400 | 11/15/48 | 231,171 | ||||||||||||
750,000 | Southwestern Public Service Co | 3.750 | 06/15/49 | 800,442 | ||||||||||||
650,000 | Southwestern Public Service Co | 3.150 | 05/01/50 | 632,829 | ||||||||||||
1,000,000 | Tampa Electric Co | 2.400 | 03/15/31 | 993,585 |
104 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 100,000 | Tampa Electric Co | 4.100 | % | 06/15/42 | $ | 109,825 | |||||||||
175,000 | Tampa Electric Co | 4.350 | 05/15/44 | 200,115 | ||||||||||||
200,000 | Tampa Electric Co | 4.300 | 06/15/48 | 225,867 | ||||||||||||
200,000 | Tampa Electric Co | 4.450 | 06/15/49 | 232,338 | ||||||||||||
575,000 | Tampa Electric Co | 3.625 | 06/15/50 | 591,757 | ||||||||||||
925,000 | Tampa Electric Co | 3.450 | 03/15/51 | 933,677 | ||||||||||||
300,000 | TC PipeLines LP | 4.375 | 03/13/25 | 332,192 | ||||||||||||
350,000 | TC PipeLines LP | 3.900 | 05/25/27 | 379,666 | ||||||||||||
200,000 | Tucson Electric Power Co | 3.050 | 03/15/25 | 213,924 | ||||||||||||
125,000 | Tucson Electric Power Co | 1.500 | 08/01/30 | 115,772 | ||||||||||||
200,000 | Tucson Electric Power Co | 4.850 | 12/01/48 | 238,556 | ||||||||||||
500,000 | Tucson Electric Power Co | 4.000 | 06/15/50 | 541,326 | ||||||||||||
200,000 | Union Electric Co | 2.950 | 06/15/27 | 214,613 | ||||||||||||
300,000 | Union Electric Co | 3.500 | 03/15/29 | 326,959 | ||||||||||||
500,000 | Union Electric Co | 2.950 | 03/15/30 | 524,287 | ||||||||||||
100,000 | Union Electric Co | 8.450 | 03/15/39 | 167,140 | ||||||||||||
100,000 | Union Electric Co | 3.900 | 09/15/42 | 108,460 | ||||||||||||
100,000 | Union Electric Co | 3.650 | 04/15/45 | 105,252 | ||||||||||||
200,000 | Union Electric Co | 4.000 | 04/01/48 | 223,239 | ||||||||||||
1,000,000 | Union Electric Co | 3.250 | 10/01/49 | 994,298 | ||||||||||||
675,000 | Union Electric Co | 2.625 | 03/15/51 | 597,066 | ||||||||||||
100,000 | United Utilities plc | 6.875 | 08/15/28 | 126,059 | ||||||||||||
409,000 | Virginia Electric & Power Co | 2.750 | 03/15/23 | 424,115 | ||||||||||||
500,000 | Virginia Electric & Power Co | 3.450 | 02/15/24 | 536,912 | ||||||||||||
1,850,000 | Virginia Electric & Power Co | 3.150 | 01/15/26 | 1,990,642 | ||||||||||||
900,000 | Virginia Electric & Power Co | 2.950 | 11/15/26 | 964,760 | ||||||||||||
1,750,000 | Virginia Electric & Power Co | 3.500 | 03/15/27 | 1,918,449 | ||||||||||||
3,000,000 | Virginia Electric & Power Co | 3.800 | 04/01/28 | 3,312,925 | ||||||||||||
1,000,000 | Virginia Electric & Power Co | 2.875 | 07/15/29 | 1,041,536 | ||||||||||||
250,000 | Virginia Electric & Power Co | 4.650 | 08/15/43 | 300,060 | ||||||||||||
400,000 | Virginia Electric & Power Co | 4.450 | 02/15/44 | 469,432 | ||||||||||||
200,000 | Virginia Electric & Power Co | 4.200 | 05/15/45 | 226,865 | ||||||||||||
1,100,000 | Virginia Electric & Power Co | 4.000 | 11/15/46 | 1,227,637 | ||||||||||||
700,000 | Virginia Electric & Power Co | 3.800 | 09/15/47 | 760,654 | ||||||||||||
1,300,000 | Virginia Electric & Power Co | 4.600 | 12/01/48 | 1,596,865 | ||||||||||||
500,000 | Virginia Electric & Power Co | 3.300 | 12/01/49 | 497,272 | ||||||||||||
500,000 | Virginia Electric and Power Co | 2.450 | 12/15/50 | 427,151 | ||||||||||||
200,000 | Washington Gas Light Co | 3.796 | 09/15/46 | 216,183 | ||||||||||||
700,000 | Washington Gas Light Co | 3.650 | 09/15/49 | 738,732 | ||||||||||||
1,000,000 | WEC Energy Group, Inc | 0.550 | 09/15/23 | 997,944 | ||||||||||||
1,277,000 | WEC Energy Group, Inc | 3.550 | 06/15/25 | 1,384,416 | ||||||||||||
500,000 | WEC Energy Group, Inc | 1.375 | 10/15/27 | 482,886 | ||||||||||||
500,000 | WEC Energy Group, Inc | 1.800 | 10/15/30 | 466,010 | ||||||||||||
100,000 | Westar Energy, Inc | 2.550 | 07/01/26 | 104,779 | ||||||||||||
500,000 | Westar Energy, Inc | 4.125 | 03/01/42 | 552,528 | ||||||||||||
175,000 | Westar Energy, Inc | 4.100 | 04/01/43 | 194,228 | ||||||||||||
375,000 | Westar Energy, Inc | 3.250 | 09/01/49 | 366,989 | ||||||||||||
175,000 | Wisconsin Electric Power Co | 2.050 | 12/15/24 | 182,869 | ||||||||||||
200,000 | Wisconsin Electric Power Co | 5.625 | 05/15/33 | 251,552 | ||||||||||||
200,000 | Wisconsin Electric Power Co | 4.300 | 10/15/48 | 234,156 | ||||||||||||
325,000 | Wisconsin Power & Light Co | 3.050 | 10/15/27 | 347,005 | ||||||||||||
500,000 | Wisconsin Power & Light Co | 3.000 | 07/01/29 | 528,775 | ||||||||||||
225,000 | Wisconsin Power & Light Co | 3.650 | 04/01/50 | 234,607 |
105 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 200,000 | Wisconsin Public Service Corp | 4.752 | % | 11/01/44 | $ | 241,324 | |||||||||
300,000 | Wisconsin Public Service Corp | 3.300 | 09/01/49 | 303,522 | ||||||||||||
700,000 | Xcel Energy, Inc | 0.500 | 10/15/23 | 699,326 | ||||||||||||
750,000 | Xcel Energy, Inc | 3.350 | 12/01/26 | 812,489 | ||||||||||||
900,000 | Xcel Energy, Inc | 4.000 | 06/15/28 | 999,414 | ||||||||||||
200,000 | Xcel Energy, Inc | 4.800 | 09/15/41 | 235,625 | ||||||||||||
500,000 | Xcel Energy, Inc | 3.500 | 12/01/49 | 500,328 | ||||||||||||
1,000,000 | Yale Haven Health Services Corp | 2.496 | 07/01/50 | 875,432 | ||||||||||||
TOTAL UTILITIES | 441,781,558 | |||||||||||||||
TOTAL CORPORATE BONDS | 5,220,271,520 | |||||||||||||||
(Cost $4,973,754,355) | ||||||||||||||||
GOVERNMENT BONDS - 70.0% | ||||||||||||||||
AGENCY SECURITIES - 1.4% | ||||||||||||||||
3,000,000 | Federal Farm Credit Bank (FFCB) | 0.125 | 11/23/22 | 2,999,922 | ||||||||||||
3,000,000 | FFCB | 2.875 | 07/17/23 | 3,182,730 | ||||||||||||
10,000,000 | FFCB | 0.300 | 09/01/23 | 10,003,702 | ||||||||||||
1,145,000 | FFCB | 3.500 | 12/20/23 | 1,243,448 | ||||||||||||
5,000,000 | FFCB | 1.650 | 07/23/35 | 4,615,061 | ||||||||||||
20,000,000 | FFCB | 0.125 | 02/03/23 | 19,990,279 | ||||||||||||
1,670,000 | FFCB | 0.250 | 02/26/24 | 1,664,905 | ||||||||||||
6,650,000 | Federal Home Loan Bank (FHLB) | 0.125 | 08/12/22 | 6,646,010 | ||||||||||||
5,000,000 | FHLB | 0.125 | 10/21/22 | 4,996,939 | ||||||||||||
1,800,000 | FHLB | 0.125 | 03/17/23 | 1,797,913 | ||||||||||||
10,000,000 | FHLB | 0.500 | 04/14/25 | 9,921,338 | ||||||||||||
2,000,000 | FHLB | 0.375 | 09/04/25 | 1,963,177 | ||||||||||||
13,875,000 | FHLB | 3.250 | 11/16/28 | 15,617,085 | ||||||||||||
3,000,000 | Federal Home Loan Mortgage Corp (FHLMC) | 0.375 | 05/05/23 | 3,012,896 | ||||||||||||
12,625,000 | FHLMC | 2.750 | 06/19/23 | 13,333,649 | ||||||||||||
7,000,000 | FHLMC | 0.250 | 08/24/23 | 7,001,595 | ||||||||||||
3,250,000 | FHLMC | 0.250 | 09/08/23 | 3,249,373 | ||||||||||||
6,750,000 | FHLMC | 0.125 | 10/16/23 | 6,724,537 | ||||||||||||
4,000,000 | FHLMC | 0.250 | 11/06/23 | 3,996,994 | ||||||||||||
3,782,000 | FHLMC | 0.250 | 12/04/23 | 3,776,355 | ||||||||||||
10,000,000 | FHLMC | 1.500 | 02/12/25 | 10,337,579 | ||||||||||||
6,000,000 | FHLMC | 0.375 | 07/21/25 | 5,905,149 | ||||||||||||
5,000,000 | FHLMC | 0.375 | 09/23/25 | 4,909,315 | ||||||||||||
7,400,000 | Federal National Mortgage Association (FNMA) | 2.250 | 04/12/22 | 7,564,124 | ||||||||||||
1,216,769 | i | FNMA | 2.301 | 09/25/22 | 1,243,627 | |||||||||||
1,000,000 | FNMA | 2.000 | 10/05/22 | 1,027,906 | ||||||||||||
10,000,000 | FNMA | 2.375 | 01/19/23 | 10,398,257 | ||||||||||||
5,250,000 | FNMA | 0.250 | 07/10/23 | 5,254,009 | ||||||||||||
1,000,000 | FNMA | 2.875 | 09/12/23 | 1,064,073 | ||||||||||||
3,000,000 | FNMA | 0.250 | 11/27/23 | 2,996,606 | ||||||||||||
2,500,000 | FNMA | 2.500 | 02/05/24 | 2,656,923 | ||||||||||||
5,000,000 | FNMA | 1.750 | 07/02/24 | 5,214,918 | ||||||||||||
13,700,000 | FNMA | 2.625 | 09/06/24 | 14,723,464 | ||||||||||||
3,000,000 | FNMA | 1.625 | 01/07/25 | 3,116,173 | ||||||||||||
4,000,000 | FNMA | 0.625 | 04/22/25 | 3,989,392 | ||||||||||||
10,000,000 | FNMA | 0.375 | 08/25/25 | 9,819,961 | ||||||||||||
4,500,000 | FNMA | 0.500 | 11/07/25 | 4,431,521 | ||||||||||||
4,000,000 | FNMA | 1.875 | 09/24/26 | 4,176,516 |
106 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 3,000,000 | FNMA | 0.750 | % | 10/08/27 | $ | 2,888,757 | |||||||||
10,000,000 | FNMA | 0.875 | 08/05/30 | 9,246,163 | ||||||||||||
5,000,000 | FNMA | 6.625 | 11/15/30 | 7,134,014 | ||||||||||||
1,000,000 | FNMA | 5.625 | 07/15/37 | 1,472,319 | ||||||||||||
1,300,000 | Hashemite Kingdom of Jordan Government AID Bond | 3.000 | 06/30/25 | 1,395,483 | ||||||||||||
1,000,000 | Iraq Government AID Bond | 2.149 | 01/18/22 | 1,014,629 | ||||||||||||
800,000 | Israel Government AID International Bond | 5.500 | 09/18/23 | 901,047 | ||||||||||||
300,000 | Israel Government AID International Bond | 5.500 | 04/26/24 | 345,086 | ||||||||||||
250,000 | NCUA Guaranteed Notes | 3.450 | 06/12/21 | 250,692 | ||||||||||||
400,000 | Private Export Funding Corp (PEFCO) | 2.050 | 11/15/22 | 411,273 | ||||||||||||
250,000 | PEFCO | 1.750 | 11/15/24 | 259,614 | ||||||||||||
200,000 | PEFCO | 3.250 | 06/15/25 | 217,659 | ||||||||||||
5,500,000 | Tennessee Valley Authority (TVA) | 0.005 | 04/14/21 | 5,500,000 | ||||||||||||
750,000 | TVA | 2.875 | 09/15/24 | 807,614 | ||||||||||||
2,000,000 | TVA | 0.750 | 05/15/25 | 1,997,597 | ||||||||||||
1,425,000 | TVA | 2.875 | 02/01/27 | 1,560,177 | ||||||||||||
500,000 | TVA | 5.880 | 04/01/36 | 721,307 | ||||||||||||
500,000 | TVA | 5.500 | 06/15/38 | 705,578 | ||||||||||||
4,300,000 | TVA | 3.500 | 12/15/42 | 4,824,964 | ||||||||||||
1,750,000 | TVA | 4.625 | 09/15/60 | 2,365,764 | ||||||||||||
300,000 | TVA | 4.250 | 09/15/65 | 386,855 | ||||||||||||
175,000 | Tunisia Government AID International Bonds | 1.416 | 08/05/21 | 171,413 | ||||||||||||
TOTAL AGENCY SECURITIES | 269,145,426 | |||||||||||||||
FOREIGN GOVERNMENT BONDS - 3.8% | ||||||||||||||||
2,000,000 | African Development Bank | 1.625 | 09/16/22 | 2,040,160 | ||||||||||||
500,000 | African Development Bank | 2.125 | 11/16/22 | 515,372 | ||||||||||||
2,500,000 | African Development Bank | 0.750 | 04/03/23 | 2,524,281 | ||||||||||||
2,000,000 | African Development Bank | 3.000 | 09/20/23 | 2,129,261 | ||||||||||||
5,000,000 | African Development Bank | 0.875 | 03/23/26 | 4,958,281 | ||||||||||||
600,000 | Asian Development Bank | 1.875 | 02/18/22 | 609,047 | ||||||||||||
4,000,000 | Asian Development Bank | 1.875 | 07/19/22 | 4,087,093 | ||||||||||||
500,000 | Asian Development Bank | 1.875 | 08/10/22 | 511,353 | ||||||||||||
750,000 | Asian Development Bank | 1.750 | 09/13/22 | 766,684 | ||||||||||||
2,250,000 | Asian Development Bank | 1.625 | 01/24/23 | 2,306,565 | ||||||||||||
3,000,000 | Asian Development Bank | 2.750 | 03/17/23 | 3,146,286 | ||||||||||||
2,250,000 | Asian Development Bank | 0.250 | 07/14/23 | 2,246,923 | ||||||||||||
2,000,000 | Asian Development Bank | 0.250 | 10/06/23 | 1,996,045 | ||||||||||||
2,200,000 | Asian Development Bank | 2.625 | 01/30/24 | 2,337,242 | ||||||||||||
2,000,000 | Asian Development Bank | 1.500 | 10/18/24 | 2,064,041 | ||||||||||||
500,000 | Asian Development Bank | 2.000 | 01/22/25 | 525,470 | ||||||||||||
6,000,000 | Asian Development Bank | 0.375 | 09/03/25 | 5,870,845 | ||||||||||||
3,000,000 | Asian Development Bank | 0.500 | 02/04/26 | 2,931,739 | ||||||||||||
1,500,000 | Asian Development Bank | 2.000 | 04/24/26 | 1,572,090 | ||||||||||||
1,000,000 | Asian Development Bank | 2.625 | 01/12/27 | 1,079,700 | ||||||||||||
500,000 | Asian Development Bank | 2.375 | 08/10/27 | 530,154 | ||||||||||||
500,000 | Asian Development Bank | 2.500 | 11/02/27 | 533,831 | ||||||||||||
1,000,000 | Asian Development Bank | 2.750 | 01/19/28 | 1,082,752 | ||||||||||||
75,000 | Asian Development Bank | 5.820 | 06/16/28 | 96,451 | ||||||||||||
2,575,000 | Asian Development Bank | 3.125 | 09/26/28 | 2,853,367 | ||||||||||||
2,000,000 | Asian Development Bank | 1.750 | 09/19/29 | 2,007,517 | ||||||||||||
3,500,000 | Asian Development Bank | 1.875 | 01/24/30 | 3,534,169 |
107 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 1,000,000 | Asian Development Bank | 0.750 | % | 10/08/30 | $ | 905,049 | |||||||||
3,000,000 | Asian Development Bank | 1.500 | 03/04/31 | 2,888,537 | ||||||||||||
3,000,000 | Asian Infrastructure Investment Bank | 0.250 | 09/29/23 | 2,996,103 | ||||||||||||
3,000,000 | Asian Infrastructure Investment Bank | 0.500 | 05/28/25 | 2,965,558 | ||||||||||||
3,000,000 | Asian Infrastructure Investment Bank | 0.500 | 01/27/26 | 2,924,933 | ||||||||||||
2,000,000 | Canada Government International Bond | 2.000 | 11/15/22 | 2,059,080 | ||||||||||||
3,000,000 | Canada Government International Bond | 1.625 | 01/22/25 | 3,109,362 | ||||||||||||
1,715,000 | Chile Government International Bond | 3.240 | 02/06/28 | 1,849,439 | ||||||||||||
1,000,000 | Chile Government International Bond | 2.450 | 01/31/31 | 1,003,890 | ||||||||||||
3,500,000 | Chile Government International Bond | 2.550 | 01/27/32 | 3,526,950 | ||||||||||||
2,613,000 | Chile Government International Bond | 3.500 | 01/25/50 | 2,657,290 | ||||||||||||
1,500,000 | h | Chile Government International Bond | 3.500 | 04/15/53 | 1,513,620 | |||||||||||
2,500,000 | Chile Government International Bond | 3.100 | 01/22/61 | 2,315,725 | ||||||||||||
600,000 | Colombia Government International Bond | 2.625 | 03/15/23 | 616,404 | ||||||||||||
3,587,000 | Colombia Government International Bond | 4.500 | 03/15/29 | 3,912,556 | ||||||||||||
6,787,000 | Colombia Government International Bond | 3.125 | 04/15/31 | 6,646,916 | ||||||||||||
1,250,000 | Colombia Government International Bond | 6.125 | 01/18/41 | 1,484,337 | ||||||||||||
1,150,000 | Colombia Government International Bond | 5.625 | 02/26/44 | 1,305,146 | ||||||||||||
3,100,000 | Colombia Government International Bond | 5.000 | 06/15/45 | 3,302,771 | ||||||||||||
3,425,000 | Colombia Government International Bond | 5.200 | 05/15/49 | 3,763,356 | ||||||||||||
1,400,000 | Colombia Government International Bond | 4.125 | 05/15/51 | 1,331,876 | ||||||||||||
1,500,000 | Colombia Government International Bond | 3.875 | 02/15/61 | 1,344,375 | ||||||||||||
500,000 | Corp Andina de Fomento | 2.125 | 09/27/21 | 503,480 | ||||||||||||
950,000 | Corp Andina de Fomento | 3.250 | 02/11/22 | 970,843 | ||||||||||||
527,000 | Corp Andina de Fomento | 4.375 | 06/15/22 | 549,682 | ||||||||||||
750,000 | Corp Andina de Fomento | 2.750 | 01/06/23 | 774,232 | ||||||||||||
1,000,000 | Corp Andina de Fomento | 2.375 | 05/12/23 | 1,032,140 | ||||||||||||
750,000 | Corp Andina de Fomento | 3.750 | 11/23/23 | 804,375 | ||||||||||||
1,000,000 | Corp Andina de Fomento | 1.625 | 09/23/25 | 998,080 | ||||||||||||
1,000,000 | Council of Europe Development Bank | 2.625 | 02/13/23 | 1,043,768 | ||||||||||||
1,000,000 | Council of Europe Development Bank | 2.500 | 02/27/24 | 1,059,288 | ||||||||||||
1,480,000 | Council of Europe Development Bank | 1.375 | 02/27/25 | 1,519,583 | ||||||||||||
1,000,000 | Council Of Europe Development Bank | 0.250 | 10/20/23 | 997,151 | ||||||||||||
400,000 | Development Bank of Japan, Inc | 2.000 | 10/19/21 | 403,595 | ||||||||||||
500,000 | European Bank for Reconstruction & Development | 1.875 | 02/23/22 | 507,487 | ||||||||||||
1,500,000 | European Bank for Reconstruction & Development | 2.750 | 03/07/23 | 1,571,811 | ||||||||||||
5,000,000 | European Bank for Reconstruction & Development | 0.250 | 07/10/23 | 4,991,222 | ||||||||||||
2,000,000 | European Bank for Reconstruction & Development | 1.625 | 09/27/24 | 2,072,005 | ||||||||||||
3,000,000 | European Bank for Reconstruction & Development | 0.500 | 11/25/25 | 2,939,153 | ||||||||||||
2,000,000 | European Bank for Reconstruction & Development | 0.500 | 01/28/26 | 1,954,300 | ||||||||||||
14,250,000 | European Investment Bank | 2.625 | 05/20/22 | 14,642,385 | ||||||||||||
1,000,000 | European Investment Bank | 2.375 | 06/15/22 | 1,026,099 | ||||||||||||
500,000 | European Investment Bank | 2.250 | 08/15/22 | 514,075 | ||||||||||||
3,000,000 | European Investment Bank | 2.500 | 03/15/23 | 3,132,063 | ||||||||||||
7,537,000 | European Investment Bank | 1.375 | 05/15/23 | 7,715,613 | ||||||||||||
2,440,000 | European Investment Bank | 0.250 | 09/15/23 | 2,436,381 | ||||||||||||
1,500,000 | European Investment Bank | 3.125 | 12/14/23 | 1,610,408 | ||||||||||||
5,000,000 | European Investment Bank | 3.250 | 01/29/24 | 5,396,951 | ||||||||||||
1,500,000 | European Investment Bank | 2.625 | 03/15/24 | 1,596,599 | ||||||||||||
4,000,000 | European Investment Bank | 2.250 | 06/24/24 | 4,223,013 | ||||||||||||
1,500,000 | European Investment Bank | 2.500 | 10/15/24 | 1,601,470 | ||||||||||||
3,250,000 | European Investment Bank | 1.625 | 03/14/25 | 3,369,149 | ||||||||||||
3,500,000 | European Investment Bank | 0.625 | 07/25/25 | 3,464,386 | ||||||||||||
3,000,000 | European Investment Bank | 0.375 | 12/15/25 | 2,922,881 |
108 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 3,500,000 | European Investment Bank | 0.375 | % | 03/26/26 | $ | 3,393,072 | |||||||||
400,000 | European Investment Bank | 2.375 | 05/24/27 | 427,028 | ||||||||||||
250,000 | European Investment Bank | 0.625 | 10/21/27 | 238,160 | ||||||||||||
550,000 | European Investment Bank | 1.625 | 10/09/29 | 547,610 | ||||||||||||
1,000,000 | European Investment Bank | 0.875 | 05/17/30 | 925,580 | ||||||||||||
2,000,000 | European Investment Bank | 0.750 | 09/23/30 | 1,815,567 | ||||||||||||
2,500,000 | European Investment Bank | 1.250 | 02/14/31 | 2,357,298 | ||||||||||||
1,705,000 | European Investment Bank | 4.875 | 02/15/36 | 2,275,251 | ||||||||||||
500,000 | Export Development Canada | 1.375 | 10/21/21 | 503,302 | ||||||||||||
500,000 | Export Development Canada | 2.000 | 05/17/22 | 510,097 | ||||||||||||
1,000,000 | Export Development Canada | 2.500 | 01/24/23 | 1,041,030 | ||||||||||||
4,500,000 | Export Development Canada | 1.375 | 02/24/23 | 4,595,277 | ||||||||||||
1,000,000 | Export Development Canada | 2.750 | 03/15/23 | 1,048,900 | ||||||||||||
1,300,000 | Export Development Canada | 2.625 | 02/21/24 | 1,381,227 | ||||||||||||
300,000 | Export-Import Bank of Korea | 1.875 | 10/21/21 | 302,415 | ||||||||||||
300,000 | Export-Import Bank of Korea | 3.500 | 11/27/21 | 305,980 | ||||||||||||
300,000 | Export-Import Bank of Korea | 5.000 | 04/11/22 | 313,813 | ||||||||||||
3,250,000 | Export-Import Bank of Korea | 3.000 | 11/01/22 | 3,376,494 | ||||||||||||
1,375,000 | Export-Import Bank of Korea | 3.625 | 11/27/23 | 1,486,927 | ||||||||||||
500,000 | Export-Import Bank of Korea | 4.000 | 01/14/24 | 546,531 | ||||||||||||
750,000 | Export-Import Bank of Korea | 2.875 | 01/21/25 | 797,159 | ||||||||||||
750,000 | Export-Import Bank of Korea | 1.875 | 02/12/25 | 771,250 | ||||||||||||
1,000,000 | Export-Import Bank of Korea | 0.750 | 09/21/25 | 978,035 | ||||||||||||
250,000 | Export-Import Bank of Korea | 3.250 | 11/10/25 | 272,040 | ||||||||||||
1,000,000 | Export-Import Bank of Korea | 0.625 | 02/09/26 | 970,851 | ||||||||||||
500,000 | Export-Import Bank of Korea | 2.625 | 05/26/26 | 533,158 | ||||||||||||
500,000 | Export-Import Bank of Korea | 3.250 | 08/12/26 | 547,810 | ||||||||||||
500,000 | Export-Import Bank of Korea | 2.375 | 04/21/27 | 524,856 | ||||||||||||
1,000,000 | Export-Import Bank of Korea | 1.250 | 09/21/30 | 924,387 | ||||||||||||
1,000,000 | e | Export-Import Bank of Korea | 1.375 | 02/09/31 | 932,449 | |||||||||||
100,000 | Finland Government International Bond | 6.950 | 02/15/26 | 125,922 | ||||||||||||
1,000,000 | FMS Wertmanagement AoeR | 2.000 | 08/01/22 | 1,023,710 | ||||||||||||
2,175,000 | FMS Wertmanagement AoeR | 2.750 | 01/30/24 | 2,316,171 | ||||||||||||
4,500,000 | Hungary Government International Bond | 5.750 | 11/22/23 | 5,085,508 | ||||||||||||
1,250,000 | Hungary Government International Bond | 7.625 | 03/29/41 | 2,019,587 | ||||||||||||
200,000 | Hydro Quebec | 8.500 | 12/01/29 | 298,664 | ||||||||||||
750,000 | Indonesia Government International Bond | 2.950 | 01/11/23 | 776,511 | ||||||||||||
700,000 | Indonesia Government International Bond | 4.450 | 02/11/24 | 763,410 | ||||||||||||
750,000 | Indonesia Government International Bond | 3.500 | 01/11/28 | 801,235 | ||||||||||||
900,000 | Indonesia Government International Bond | 4.750 | 02/11/29 | 1,029,210 | ||||||||||||
1,250,000 | Indonesia Government International Bond | 3.400 | 09/18/29 | 1,318,081 | ||||||||||||
1,000,000 | Indonesia Government International Bond | 2.850 | 02/14/30 | 1,017,250 | ||||||||||||
675,000 | Indonesia Government International Bond | 3.850 | 10/15/30 | 740,310 | ||||||||||||
1,500,000 | e | Indonesia Government International Bond | 1.850 | 03/12/31 | 1,438,654 | |||||||||||
875,000 | Indonesia Government International Bond | 4.350 | 01/11/48 | 948,999 | ||||||||||||
1,125,000 | Indonesia Government International Bond | 5.350 | 02/11/49 | 1,395,428 | ||||||||||||
1,000,000 | Indonesia Government International Bond | 3.700 | 10/30/49 | 1,013,607 | ||||||||||||
1,000,000 | Indonesia Government International Bond | 3.500 | 02/14/50 | 996,685 | ||||||||||||
2,000,000 | Indonesia Government International Bond | 4.200 | 10/15/50 | 2,183,516 | ||||||||||||
1,500,000 | e | Indonesia Government International Bond | 3.050 | 03/12/51 | 1,481,381 | |||||||||||
500,000 | Indonesia Government International Bond | 4.450 | 04/15/70 | 545,725 | ||||||||||||
1,500,000 | Indonesia Government International Bond | 3.350 | 03/12/71 | 1,417,810 | ||||||||||||
500,000 | Inter-American Development Bank | 2.125 | 01/18/22 | 507,560 |
109 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 3,775,000 | Inter-American Development Bank | 3.000 | % | 09/26/22 | $ | 3,929,607 | |||||||||
3,000,000 | Inter-American Development Bank | 2.500 | 01/18/23 | 3,122,730 | ||||||||||||
6,000,000 | Inter-American Development Bank | 0.250 | 11/15/23 | 5,983,254 | ||||||||||||
1,500,000 | Inter-American Development Bank | 2.625 | 01/16/24 | 1,591,770 | ||||||||||||
500,000 | Inter-American Development Bank | 2.125 | 01/15/25 | 527,045 | ||||||||||||
5,000,000 | Inter-American Development Bank | 1.750 | 03/14/25 | 5,201,394 | ||||||||||||
10,000,000 | Inter-American Development Bank | 0.625 | 07/15/25 | 9,905,481 | ||||||||||||
1,500,000 | Inter-American Development Bank | 2.000 | 06/02/26 | 1,569,209 | ||||||||||||
1,500,000 | Inter-American Development Bank | 2.000 | 07/23/26 | 1,568,951 | ||||||||||||
1,000,000 | Inter-American Development Bank | 2.375 | 07/07/27 | 1,058,080 | ||||||||||||
2,000,000 | Inter-American Development Bank | 0.625 | 09/16/27 | 1,898,980 | ||||||||||||
2,000,000 | Inter-American Development Bank | 3.125 | 09/18/28 | 2,216,808 | ||||||||||||
3,000,000 | Inter-American Development Bank | 2.250 | 06/18/29 | 3,134,769 | ||||||||||||
3,000,000 | Inter-American Development Bank | 1.125 | 01/13/31 | 2,801,882 | ||||||||||||
1,450,000 | Inter-American Development Bank | 3.200 | 08/07/42 | 1,591,096 | ||||||||||||
300,000 | Inter-American Development Bank | 4.375 | 01/24/44 | 389,302 | ||||||||||||
5,000,000 | International Bank for Reconstruction & Development | 2.125 | 07/01/22 | 5,119,702 | ||||||||||||
5,000,000 | International Bank for Reconstruction & Development | 1.875 | 10/07/22 | 5,126,150 | ||||||||||||
5,400,000 | International Bank for Reconstruction & Development | 7.625 | 01/19/23 | 6,112,229 | ||||||||||||
500,000 | International Bank for Reconstruction & Development | 2.125 | 02/13/23 | 517,739 | ||||||||||||
3,000,000 | International Bank for Reconstruction & Development | 1.875 | 06/19/23 | 3,106,432 | ||||||||||||
1,500,000 | International Bank for Reconstruction & Development | 0.250 | 11/24/23 | 1,495,963 | ||||||||||||
5,575,000 | International Bank for Reconstruction & Development | 2.500 | 03/19/24 | 5,916,346 | ||||||||||||
2,000,000 | International Bank for Reconstruction & Development | 1.500 | 08/28/24 | 2,065,754 | ||||||||||||
1,600,000 | International Bank for Reconstruction & Development | 2.500 | 11/25/24 | 1,710,592 | ||||||||||||
5,000,000 | International Bank for Reconstruction & Development | 1.625 | 01/15/25 | 5,182,135 | ||||||||||||
6,000,000 | International Bank for Reconstruction & Development | 0.375 | 07/28/25 | 5,876,552 | ||||||||||||
4,500,000 | International Bank for Reconstruction & Development | 2.500 | 07/29/25 | 4,809,603 | ||||||||||||
5,500,000 | International Bank for Reconstruction & Development | 0.500 | 10/28/25 | 5,399,553 | ||||||||||||
500,000 | International Bank for Reconstruction & Development | 3.125 | 11/20/25 | 549,475 | ||||||||||||
2,000,000 | International Bank for Reconstruction & Development | 0.750 | 11/24/27 | 1,914,531 | ||||||||||||
2,000,000 | International Bank for Reconstruction & Development | 1.750 | 10/23/29 | 2,004,524 | ||||||||||||
5,000,000 | International Bank for Reconstruction & Development | 0.875 | 05/14/30 | 4,623,554 | ||||||||||||
3,000,000 | International Bank for Reconstruction & Development | 0.750 | 08/26/30 | 2,723,978 | ||||||||||||
5,000,000 | e | International Bank for Reconstruction & Development | 1.250 | 02/10/31 | 4,733,182 |
110 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 834,000 | International Bank for Reconstruction & Development | 4.750 | % | 02/15/35 | $ | 1,081,814 | |||||||||
500,000 | International Finance Corp | 2.000 | 10/24/22 | 513,868 | ||||||||||||
1,300,000 | International Finance Corp | 2.875 | 07/31/23 | 1,376,574 | ||||||||||||
1,500,000 | International Finance Corp | 1.375 | 10/16/24 | 1,539,452 | ||||||||||||
2,500,000 | International Finance Corp | 0.375 | 07/16/25 | 2,448,840 | ||||||||||||
5,000,000 | International Finance Corp | 0.750 | 08/27/30 | 4,537,319 | ||||||||||||
705,000 | Israel Government International Bond | 4.000 | 06/30/22 | 736,759 | ||||||||||||
300,000 | Israel Government International Bond | 3.150 | 06/30/23 | 317,293 | ||||||||||||
1,000,000 | Israel Government International Bond | 2.875 | 03/16/26 | 1,076,853 | ||||||||||||
975,000 | Israel Government International Bond | 3.250 | 01/17/28 | 1,074,146 | ||||||||||||
600,000 | Israel Government International Bond | 2.750 | 07/03/30 | 626,755 | ||||||||||||
1,500,000 | Israel Government International Bond | 4.500 | 01/30/43 | 1,809,822 | ||||||||||||
200,000 | Israel Government International Bond | 4.125 | 01/17/48 | 230,000 | ||||||||||||
1,800,000 | Israel Government International Bond | 3.875 | 07/03/50 | 1,964,759 | ||||||||||||
300,000 | Israel Government International Bond | 4.500 | 04/03/20 | 354,874 | ||||||||||||
500,000 | Japan Bank for International Cooperation | 2.500 | 06/01/22 | 512,769 | ||||||||||||
1,250,000 | Japan Bank for International Cooperation | 2.375 | 07/21/22 | 1,283,820 | ||||||||||||
480,000 | Japan Bank for International Cooperation | 1.625 | 10/17/22 | 489,586 | ||||||||||||
300,000 | Japan Bank for International Cooperation | 2.375 | 11/16/22 | 309,943 | ||||||||||||
900,000 | Japan Bank for International Cooperation | 0.625 | 05/22/23 | 904,965 | ||||||||||||
1,050,000 | Japan Bank for International Cooperation | 3.375 | 07/31/23 | 1,121,121 | ||||||||||||
1,000,000 | Japan Bank for International Cooperation | 0.375 | 09/15/23 | 997,538 | ||||||||||||
4,250,000 | Japan Bank for International Cooperation | 3.375 | 10/31/23 | 4,563,784 | ||||||||||||
2,300,000 | Japan Bank for International Cooperation | 2.500 | 05/23/24 | 2,435,399 | ||||||||||||
720,000 | Japan Bank for International Cooperation | 1.750 | 10/17/24 | 747,967 | ||||||||||||
500,000 | Japan Bank for International Cooperation | 2.125 | 02/10/25 | 525,017 | ||||||||||||
3,000,000 | Japan Bank for International Cooperation | 0.625 | 07/15/25 | 2,945,760 | ||||||||||||
5,750,000 | Japan Bank for International Cooperation | 2.750 | 01/21/26 | 6,176,257 | ||||||||||||
400,000 | Japan Bank for International Cooperation | 2.375 | 04/20/26 | 422,604 | ||||||||||||
1,500,000 | Japan Bank for International Cooperation | 1.875 | 07/21/26 | 1,549,041 | ||||||||||||
1,000,000 | Japan Bank for International Cooperation | 2.875 | 06/01/27 | 1,087,520 | ||||||||||||
750,000 | Japan Bank for International Cooperation | 2.875 | 07/21/27 | 810,197 | ||||||||||||
300,000 | Japan Bank for International Cooperation | 2.750 | 11/16/27 | 321,531 | ||||||||||||
750,000 | Japan Bank for International Cooperation | 3.500 | 10/31/28 | 844,465 | ||||||||||||
1,000,000 | Japan Bank for International Cooperation | 2.000 | 10/17/29 | 1,012,437 | ||||||||||||
1,500,000 | Japan Bank for International Cooperation | 1.250 | 01/21/31 | 1,403,940 | ||||||||||||
350,000 | Japan International Cooperation Agency | 2.125 | 10/20/26 | 365,337 | ||||||||||||
700,000 | Japan International Cooperation Agency | 3.375 | 06/12/28 | 777,884 | ||||||||||||
2,000,000 | Japan International Cooperation Agency | 1.000 | 07/22/30 | 1,836,689 | ||||||||||||
500,000 | Korea Development Bank | 2.625 | 02/27/22 | 509,795 | ||||||||||||
500,000 | Korea Development Bank | 3.000 | 03/19/22 | 512,307 | ||||||||||||
200,000 | Korea Development Bank | 3.000 | 09/14/22 | 207,355 | ||||||||||||
1,000,000 | Korea Development Bank | 3.375 | 03/12/23 | 1,055,490 | ||||||||||||
500,000 | Korea Development Bank | 2.750 | 03/19/23 | 521,860 | ||||||||||||
950,000 | Korea Development Bank | 0.500 | 10/27/23 | 949,972 | ||||||||||||
500,000 | Korea Development Bank | 3.750 | 01/22/24 | 544,280 | ||||||||||||
700,000 | Korea Development Bank | 3.250 | 02/19/24 | 753,578 | ||||||||||||
500,000 | Korea Development Bank | 0.400 | 06/19/24 | 497,509 | ||||||||||||
1,000,000 | Korea Development Bank | 2.125 | 10/01/24 | 1,053,420 | ||||||||||||
750,000 | Korea Development Bank | 1.750 | 02/18/25 | 766,206 | ||||||||||||
200,000 | Korea Development Bank | 3.375 | 09/16/25 | 217,630 |
111 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 400,000 | Korea Development Bank | 3.000 | % | 01/13/26 | $ | 432,852 | |||||||||
1,000,000 | Korea Development Bank | 0.800 | 04/27/26 | 977,462 | ||||||||||||
1,000,000 | Korea Development Bank | 0.800 | 07/19/26 | 976,130 | ||||||||||||
1,000,000 | Korea Development Bank | 1.000 | 09/09/26 | 984,870 | ||||||||||||
250,000 | Korea Development Bank | 2.000 | 09/12/26 | 259,360 | ||||||||||||
1,000,000 | Korea Development Bank | 1.625 | 01/19/31 | 951,760 | ||||||||||||
500,000 | Korea Government International Bond | 3.875 | 09/11/23 | 540,990 | ||||||||||||
1,500,000 | Korea Government International Bond | 2.750 | 01/19/27 | 1,615,711 | ||||||||||||
1,400,000 | Korea Government International Bond | 4.125 | 06/10/44 | 1,681,577 | ||||||||||||
500,000 | Korea Government International Bond | 3.875 | 09/20/48 | 592,151 | ||||||||||||
1,600,000 | Kreditanstalt fuer Wiederaufbau | 2.625 | 01/25/22 | 1,631,424 | ||||||||||||
1,000,000 | Kreditanstalt fuer Wiederaufbau | 2.125 | 03/07/22 | 1,018,255 | ||||||||||||
1,000,000 | Kreditanstalt fuer Wiederaufbau | 2.125 | 06/15/22 | 1,023,255 | ||||||||||||
2,750,000 | Kreditanstalt fuer Wiederaufbau | 2.000 | 10/04/22 | 2,824,140 | ||||||||||||
2,900,000 | Kreditanstalt fuer Wiederaufbau | 2.375 | 12/29/22 | 3,008,855 | ||||||||||||
4,600,000 | Kreditanstalt fuer Wiederaufbau | 1.625 | 02/15/23 | 4,720,566 | ||||||||||||
3,000,000 | Kreditanstalt fuer Wiederaufbau | 0.250 | 10/19/23 | 2,993,946 | ||||||||||||
8,000,000 | Kreditanstalt fuer Wiederaufbau | 2.625 | 02/28/24 | 8,511,527 | ||||||||||||
6,100,000 | Kreditanstalt fuer Wiederaufbau | 0.250 | 03/08/24 | 6,069,134 | ||||||||||||
2,000,000 | Kreditanstalt fuer Wiederaufbau | 2.500 | 11/20/24 | 2,135,442 | ||||||||||||
7,000,000 | Kreditanstalt fuer Wiederaufbau | 2.000 | 05/02/25 | 7,359,977 | ||||||||||||
4,500,000 | Kreditanstalt fuer Wiederaufbau | 0.625 | 01/22/26 | 4,423,314 | ||||||||||||
7,750,000 | Kreditanstalt fuer Wiederaufbau | 2.875 | 04/03/28 | 8,468,946 | ||||||||||||
1,000,000 | Kreditanstalt fuer Wiederaufbau | 1.750 | 09/14/29 | 1,003,450 | ||||||||||||
5,000,000 | Kreditanstalt fuer Wiederaufbau | 0.750 | 09/30/30 | 4,541,200 | ||||||||||||
4,300,000 | Landwirtschaftliche Rentenbank | 3.125 | 11/14/23 | 4,605,373 | ||||||||||||
500,000 | Landwirtschaftliche Rentenbank | 2.000 | 01/13/25 | 524,253 | ||||||||||||
2,000,000 | Landwirtschaftliche Rentenbank | 0.500 | 05/27/25 | 1,977,724 | ||||||||||||
750,000 | Landwirtschaftliche Rentenbank | 2.375 | 06/10/25 | 799,440 | ||||||||||||
1,000,000 | Landwirtschaftliche Rentenbank | 1.750 | 07/27/26 | 1,034,275 | ||||||||||||
125,000 | Landwirtschaftliche Rentenbank | 2.500 | 11/15/27 | 133,259 | ||||||||||||
4,000,000 | Landwirtschaftliche Rentenbank | 0.875 | 09/03/30 | 3,673,617 | ||||||||||||
2,500,000 | Mexico Government International Bond | 3.900 | 04/27/25 | 2,747,575 | ||||||||||||
5,836,000 | Mexico Government International Bond | 4.500 | 04/22/29 | 6,470,607 | ||||||||||||
18,964,000 | Mexico Government International Bond | 2.659 | 05/24/31 | 17,884,569 | ||||||||||||
1,175,000 | Mexico Government International Bond | 4.750 | 04/27/32 | 1,308,362 | ||||||||||||
461,000 | Mexico Government International Bond | 6.750 | 09/27/34 | 589,624 | ||||||||||||
8,950,000 | Mexico Government International Bond | 4.600 | 02/10/48 | 9,161,757 | ||||||||||||
1,000,000 | Mexico Government International Bond | 5.000 | 04/27/51 | 1,083,930 | ||||||||||||
5,936,000 | Mexico Government International Bond | 3.771 | 05/24/61 | 5,248,908 | ||||||||||||
3,000,000 | Mexico Government International Bond | 3.750 | 04/19/71 | 2,602,500 | ||||||||||||
950,000 | Mexico Government International Bond | 5.750 | 10/12/10 | 1,053,968 | ||||||||||||
2,000,000 | Nordic Investment Bank | 1.375 | 10/17/22 | 2,035,398 | ||||||||||||
750,000 | Nordic Investment Bank | 0.375 | 05/19/23 | 751,331 | ||||||||||||
500,000 | Nordic Investment Bank | 2.875 | 07/19/23 | 529,106 | ||||||||||||
2,000,000 | Nordic Investment Bank | 0.375 | 09/11/25 | 1,954,997 | ||||||||||||
1,500,000 | Nordic Investment Bank | 0.500 | 01/21/26 | 1,466,064 | ||||||||||||
606,000 | North American Development Bank | 2.400 | 10/26/22 | 622,583 | ||||||||||||
2,125,000 | Panama Government International Bond | 4.000 | 09/22/24 | 2,314,741 | ||||||||||||
1,000,000 | Panama Government International Bond | 3.750 | 03/16/25 | 1,089,900 | ||||||||||||
300,000 | Panama Government International Bond | 7.125 | 01/29/26 | 370,617 | ||||||||||||
2,000,000 | Panama Government International Bond | 3.875 | 03/17/28 | 2,184,960 | ||||||||||||
1,450,000 | Panama Government International Bond | 3.160 | 01/23/30 | 1,508,406 | ||||||||||||
2,500,000 | Panama Government International Bond | 2.252 | 09/29/32 | 2,376,275 |
112 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 692,000 | Panama Government International Bond | 6.700 | % | 01/26/36 | $ | 930,747 | |||||||||
750,000 | Panama Government International Bond | 4.500 | 05/15/47 | 829,927 | ||||||||||||
1,750,000 | Panama Government International Bond | 4.500 | 04/16/50 | 1,929,427 | ||||||||||||
1,450,000 | Panama Government International Bond | 4.300 | 04/29/53 | 1,554,893 | ||||||||||||
1,500,000 | Panama Government International Bond | 4.500 | 04/01/56 | 1,640,205 | ||||||||||||
3,500,000 | Panama Government International Bond | 3.870 | 07/23/60 | 3,459,120 | ||||||||||||
400,000 | Peruvian Government International Bond | 2.392 | 01/23/26 | 411,688 | ||||||||||||
5,000,000 | Peruvian Government International Bond | 2.844 | 06/20/30 | 5,071,050 | ||||||||||||
2,500,000 | Peruvian Government International Bond | 2.783 | 01/23/31 | 2,500,525 | ||||||||||||
1,500,000 | Peruvian Government International Bond | 1.862 | 12/01/32 | 1,365,750 | ||||||||||||
1,100,000 | Peruvian Government International Bond | 6.550 | 03/14/37 | 1,485,000 | ||||||||||||
1,000,000 | Peruvian Government International Bond | 3.300 | 03/11/41 | 973,280 | ||||||||||||
1,850,000 | Peruvian Government International Bond | 5.625 | 11/18/50 | 2,447,365 | ||||||||||||
1,000,000 | Peruvian Government International Bond | 3.550 | 03/10/51 | 973,720 | ||||||||||||
1,500,000 | Peruvian Government International Bond | 2.780 | 12/01/60 | 1,236,405 | ||||||||||||
1,000,000 | Peruvian Government International Bond | 3.230 | 07/28/21 | 807,380 | ||||||||||||
225,000 | Philippine Government International Bond | 4.200 | 01/21/24 | 245,868 | ||||||||||||
2,219,000 | Philippine Government International Bond | 3.000 | 02/01/28 | 2,343,530 | ||||||||||||
3,375,000 | Philippine Government International Bond | 3.750 | 01/14/29 | 3,728,965 | ||||||||||||
1,500,000 | Philippine Government International Bond | 2.457 | 05/05/30 | 1,515,505 | ||||||||||||
2,000,000 | e | Philippine Government International Bond | 1.648 | 06/10/31 | 1,886,488 | |||||||||||
4,083,000 | Philippine Government International Bond | 3.950 | 01/20/40 | 4,372,375 | ||||||||||||
300,000 | Philippine Government International Bond | 3.700 | 03/01/41 | 312,252 | ||||||||||||
3,793,000 | Philippine Government International Bond | 3.700 | 02/02/42 | 3,948,897 | ||||||||||||
1,500,000 | Philippine Government International Bond | 2.950 | 05/05/45 | 1,398,111 | ||||||||||||
1,500,000 | Philippine Government International Bond | 2.650 | 12/10/45 | 1,338,600 | ||||||||||||
1,140,000 | Poland Government International Bond | 5.000 | 03/23/22 | 1,189,656 | ||||||||||||
990,000 | Poland Government International Bond | 3.000 | 03/17/23 | 1,038,730 | ||||||||||||
1,000,000 | Poland Government International Bond | 4.000 | 01/22/24 | 1,094,978 | ||||||||||||
2,725,000 | Poland Government International Bond | 3.250 | 04/06/26 | 3,011,750 | ||||||||||||
2,500,000 | Province of Alberta Canada | 2.200 | 07/26/22 | 2,562,955 | ||||||||||||
750,000 | Province of Alberta Canada | 3.350 | 11/01/23 | 805,343 | ||||||||||||
775,000 | Province of Alberta Canada | 2.950 | 01/23/24 | 827,440 | ||||||||||||
1,500,000 | Province of Alberta Canada | 1.875 | 11/13/24 | 1,565,906 | ||||||||||||
1,000,000 | Province of Alberta Canada | 1.000 | 05/20/25 | 1,005,119 | ||||||||||||
925,000 | Province of Alberta Canada | 3.300 | 03/15/28 | 1,018,036 | ||||||||||||
2,000,000 | Province of Alberta Canada | 1.300 | 07/22/30 | 1,859,540 | ||||||||||||
200,000 | Province of British Columbia Canada | 2.650 | 09/22/21 | 202,268 | ||||||||||||
1,800,000 | Province of British Columbia Canada | 2.000 | 10/23/22 | 1,849,531 | ||||||||||||
2,000,000 | Province of British Columbia Canada | 1.750 | 09/27/24 | 2,079,720 | ||||||||||||
850,000 | Province of British Columbia Canada | 2.250 | 06/02/26 | 897,948 | ||||||||||||
1,500,000 | Province of British Columbia Canada | 1.300 | 01/29/31 | 1,411,142 | ||||||||||||
1,000,000 | Province of Manitoba Canada | 2.600 | 04/16/24 | 1,061,780 | ||||||||||||
1,300,000 | Province of Manitoba Canada | 3.050 | 05/14/24 | 1,398,123 | ||||||||||||
500,000 | Province of Manitoba Canada | 2.125 | 06/22/26 | 523,400 | ||||||||||||
500,000 | Province of New Brunswick Canada | 3.625 | 02/24/28 | 562,600 | ||||||||||||
200,000 | Province of Nova Scotia Canada | 8.250 | 07/30/22 | 220,068 | ||||||||||||
4,000,000 | Province of Ontario Canada | 2.400 | 02/08/22 | 4,072,117 | ||||||||||||
4,000,000 | Province of Ontario Canada | 2.550 | 04/25/22 | 4,097,613 | ||||||||||||
800,000 | Province of Ontario Canada | 2.450 | 06/29/22 | 821,525 | ||||||||||||
1,365,000 | Province of Ontario Canada | 1.750 | 01/24/23 | 1,400,845 | ||||||||||||
500,000 | Province of Ontario Canada | 3.400 | 10/17/23 | 537,553 | ||||||||||||
1,000,000 | Province of Ontario Canada | 3.050 | 01/29/24 | 1,071,575 |
113 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 1,500,000 | Province of Ontario Canada | 3.200 | % | 05/16/24 | $ | 1,623,255 | |||||||||||
2,000,000 | Province of Ontario Canada | 0.625 | 01/21/26 | 1,956,524 | ||||||||||||||
1,000,000 | Province of Ontario Canada | 2.500 | 04/27/26 | 1,066,121 | ||||||||||||||
1,000,000 | Province of Ontario Canada | 2.300 | 06/15/26 | 1,056,360 | ||||||||||||||
1,000,000 | Province of Ontario Canada | 1.050 | 05/21/27 | 978,672 | ||||||||||||||
2,000,000 | Province of Ontario Canada | 2.000 | 10/02/29 | 2,015,406 | ||||||||||||||
1,000,000 | Province of Ontario Canada | 1.125 | 10/07/30 | 921,970 | ||||||||||||||
3,000,000 | Province of Ontario Canada | 1.600 | 02/25/31 | 2,867,736 | ||||||||||||||
3,100,000 | Province of Quebec Canada | 2.625 | 02/13/23 | 3,234,193 | ||||||||||||||
200,000 | Province of Quebec Canada | 7.125 | 02/09/24 | 236,401 | ||||||||||||||
875,000 | e | Province of Quebec Canada | 2.500 | 04/09/24 | 927,242 | |||||||||||||
500,000 | Province of Quebec Canada | 2.875 | 10/16/24 | 538,768 | ||||||||||||||
2,500,000 | Province of Quebec Canada | 1.500 | 02/11/25 | 2,572,813 | ||||||||||||||
2,000,000 | Province of Quebec Canada | 0.600 | 07/23/25 | 1,970,540 | ||||||||||||||
3,500,000 | Province of Quebec Canada | 2.500 | 04/20/26 | 3,734,640 | ||||||||||||||
500,000 | Province of Quebec Canada | 2.750 | 04/12/27 | 539,436 | ||||||||||||||
201,000 | Province of Quebec Canada | 7.500 | 09/15/29 | 285,240 | ||||||||||||||
1,500,000 | Province of Quebec Canada | 1.350 | 05/28/30 | 1,425,906 | ||||||||||||||
200,000 | Province of Saskatchewan Canada | 8.500 | 07/15/22 | 220,381 | ||||||||||||||
1,600,000 | Republic of Italy Government International Bond | 6.875 | 09/27/23 | 1,836,713 | ||||||||||||||
2,000,000 | Republic of Italy Government International Bond | 2.375 | 10/17/24 | 2,086,593 | ||||||||||||||
3,000,000 | Republic of Italy Government International Bond | 1.250 | 02/17/26 | 2,935,074 | ||||||||||||||
1,500,000 | Republic of Italy Government International Bond | 2.875 | 10/17/29 | 1,516,182 | ||||||||||||||
1,599,000 | Republic of Italy Government International Bond | 5.375 | 06/15/33 | 1,946,747 | ||||||||||||||
2,000,000 | Republic of Italy Government International Bond | 4.000 | 10/17/49 | 2,046,594 | ||||||||||||||
2,000,000 | State of Israel | 2.500 | 01/15/30 | 2,051,083 | ||||||||||||||
2,050,000 | State of Israel | 3.375 | 01/15/50 | 2,071,484 | ||||||||||||||
500,000 | Svensk Exportkredit AB | 2.375 | 03/09/22 | 510,075 | ||||||||||||||
2,640,000 | Svensk Exportkredit AB | 1.625 | 11/14/22 | 2,698,080 | ||||||||||||||
4,250,000 | Svensk Exportkredit AB | 2.875 | 03/14/23 | 4,460,981 | ||||||||||||||
870,000 | Svensk Exportkredit AB | 1.750 | 12/12/23 | 900,198 | ||||||||||||||
2,000,000 | Svensk Exportkredit AB | 0.375 | 07/30/24 | 1,987,883 | ||||||||||||||
1,000,000 | Svensk Exportkredit AB | 0.625 | 05/14/25 | 992,223 | ||||||||||||||
3,000,000 | Svensk Exportkredit AB | 0.500 | 08/26/25 | 2,940,630 | ||||||||||||||
5,374,716 | Uruguay Government International Bond | 4.375 | 01/23/31 | 6,233,811 | ||||||||||||||
500,000 | Uruguay Government International Bond | 4.125 | 11/20/45 | 556,290 | ||||||||||||||
2,063,907 | Uruguay Government International Bond | 5.100 | 06/18/50 | 2,556,892 | ||||||||||||||
2,425,000 | Uruguay Government International Bond | 4.975 | 04/20/55 | 2,971,425 | ||||||||||||||
TOTAL FOREIGN GOVERNMENT BONDS | 732,929,910 | |||||||||||||||||
MORTGAGE BACKED - 27.4% | ||||||||||||||||||
11,931 | i | Federal Home Loan Mortgage Corp (FHLMC) | DGS1 + 2.250% | 3.308 | 04/01/35 | 12,328 | ||||||||||||
2,255 | i | FHLMC | DGS1 + 2.125% | 2.300 | 10/01/35 | 2,254 | ||||||||||||
32,410 | i | FHLMC | DGS1 + 2.255% | 2.380 | 02/01/36 | 34,630 | ||||||||||||
10,008 | i | FHLMC | LIBOR 12 M + 1.796% | 3.083 | 07/01/36 | 10,606 | ||||||||||||
22,078 | i | FHLMC | LIBOR 6 M + 1.790% | 2.040 | 09/01/36 | 23,051 | ||||||||||||
31,755 | i | FHLMC | LIBOR 6 M + 1.595% | 2.100 | 09/01/36 | 31,956 | ||||||||||||
28,788 | i | FHLMC | DGS1 + 2.248% | 2.386 | 09/01/36 | 29,331 | ||||||||||||
10,905 | i | FHLMC | DGS1 + 2.250% | 2.398 | 01/01/37 | 11,646 | ||||||||||||
1,864 | i | FHLMC | LIBOR 12 M + 1.765% | 2.140 | 02/01/37 | 1,892 | ||||||||||||
1,627 | i | FHLMC | DGS1 + 2.250% | 2.388 | 02/01/37 | 1,738 | ||||||||||||
95,761 | i | FHLMC | LIBOR 12 M + 1.826% | 2.406 | 03/01/37 | 101,674 | ||||||||||||
73,370 | i | FHLMC | DGS1 + 2.250% | 2.582 | 04/01/37 | 78,433 | ||||||||||||
42,782 | i | FHLMC | LIBOR 12 M + 1.701% | 3.489 | 04/01/37 | 43,354 |
114 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 10,164 | i | FHLMC | LIBOR 12 M + 2.124% | 3.445 | % | 05/01/37 | $ | 10,256 | |||||||||
36,665 | i | FHLMC | DGS1 + 2.249% | 2.635 | 06/01/37 | 36,895 | ||||||||||||
5,007 | i | FHLMC | LIBOR 12 M + 1.750% | 2.667 | 06/01/37 | 5,108 | ||||||||||||
29,431 | i | FHLMC | LIBOR 6 M + 1.270% | 1.520 | 08/01/37 | 29,554 | ||||||||||||
48,793 | i | FHLMC | LIBOR 12 M + 0.905% | 1.596 | 09/01/37 | 49,481 | ||||||||||||
8,987 | i | FHLMC | LIBOR 6 M + 1.532% | 1.782 | 09/01/37 | 9,067 | ||||||||||||
211 | i | FHLMC | LIBOR 12 M + 1.795% | 2.417 | 09/01/37 | 211 | ||||||||||||
4,679 | i | FHLMC | LIBOR 12 M + 2.058% | 4.058 | 02/01/38 | 4,687 | ||||||||||||
22,477 | i | FHLMC | LIBOR 12 M + 2.055% | 3.805 | 04/01/38 | 23,938 | ||||||||||||
9,750 | i | FHLMC | LIBOR 12 M + 2.004% | 3.694 | 06/01/38 | 9,860 | ||||||||||||
4,758 | i | FHLMC | LIBOR 12 M + 1.625% | 2.375 | 07/01/38 | 4,994 | ||||||||||||
5,359 | i | FHLMC | LIBOR 12 M + 1.861% | 2.814 | 06/01/40 | 5,368 | ||||||||||||
6,174 | i | FHLMC | LIBOR 12 M + 1.880% | 2.630 | 07/01/40 | 6,203 | ||||||||||||
13,366 | i | FHLMC | LIBOR 12 M + 1.890% | 2.264 | 01/01/41 | 13,536 | ||||||||||||
3,320 | i | FHLMC | LIBOR 12 M + 1.880% | 3.630 | 05/01/41 | 3,321 | ||||||||||||
107,961 | i | FHLMC | LIBOR 12 M + 1.856% | 2.606 | 08/01/41 | 109,843 | ||||||||||||
73,445 | i | FHLMC | LIBOR 12 M + 1.750% | 2.318 | 09/01/41 | 77,342 | ||||||||||||
13,410 | i | FHLMC | LIBOR 12 M + 1.860% | 2.360 | 10/01/41 | 14,176 | ||||||||||||
19,893,816 | FHLMC | 3.000 | 11/01/49 | 21,038,776 | ||||||||||||||
19,267,758 | FHLMC | 3.000 | 11/01/49 | 20,369,094 | ||||||||||||||
38,928,601 | FHLMC | 3.000 | 02/01/50 | 41,166,738 | ||||||||||||||
33,367,469 | FHLMC | 3.500 | 04/01/50 | 35,791,978 | ||||||||||||||
20,183,039 | FHLMC | 3.500 | 07/01/50 | 21,366,112 | ||||||||||||||
36 | Federal Home Loan Mortgage Corp Gold (FGLMC) | 4.000 | 05/01/21 | 38 | ||||||||||||||
2 | FGLMC | 4.500 | 06/01/21 | 2 | ||||||||||||||
1 | FGLMC | 4.500 | 06/01/21 | 2 | ||||||||||||||
60 | FGLMC | 5.500 | 07/01/21 | 60 | ||||||||||||||
83,682 | FGLMC | 3.000 | 12/01/21 | 88,257 | ||||||||||||||
903 | FGLMC | 5.000 | 10/01/22 | 947 | ||||||||||||||
698 | FGLMC | 6.000 | 11/01/22 | 714 | ||||||||||||||
11,305 | FGLMC | 5.000 | 04/01/23 | 11,873 | ||||||||||||||
788 | FGLMC | 4.500 | 05/01/23 | 827 | ||||||||||||||
11,253 | FGLMC | 5.000 | 05/01/23 | 12,432 | ||||||||||||||
3,044 | FGLMC | 5.000 | 10/01/23 | 3,197 | ||||||||||||||
1,848 | FGLMC | 5.500 | 10/01/23 | 2,059 | ||||||||||||||
3,331 | FGLMC | 5.000 | 11/01/23 | 3,680 | ||||||||||||||
6,859 | FGLMC | 5.000 | 03/01/24 | 7,579 | ||||||||||||||
1,375 | FGLMC | 4.500 | 04/01/24 | 1,445 | ||||||||||||||
677 | FGLMC | 4.500 | 05/01/24 | 712 | ||||||||||||||
4,759 | FGLMC | 4.500 | 06/01/24 | 5,003 | ||||||||||||||
44,536 | FGLMC | 4.000 | 07/01/24 | 47,391 | ||||||||||||||
18,646 | FGLMC | 4.000 | 07/01/24 | 19,841 | ||||||||||||||
4,554 | FGLMC | 5.500 | 07/01/24 | 4,706 | ||||||||||||||
38,193 | FGLMC | 4.000 | 08/01/24 | 40,640 | ||||||||||||||
6,715 | FGLMC | 4.500 | 09/01/24 | 7,068 | ||||||||||||||
3,480 | FGLMC | 4.500 | 09/01/24 | 3,663 | ||||||||||||||
1,942 | FGLMC | 4.500 | 09/01/24 | 2,046 | ||||||||||||||
2,276 | FGLMC | 5.500 | 09/01/24 | 2,536 | ||||||||||||||
57,368 | FGLMC | 4.000 | 10/01/24 | 61,064 | ||||||||||||||
1,724 | FGLMC | 4.500 | 10/01/24 | 1,816 | ||||||||||||||
7,914 | FGLMC | 4.500 | 10/01/24 | 8,602 | ||||||||||||||
1,438 | FGLMC | 4.500 | 11/01/24 | 1,514 | ||||||||||||||
7,294 | FGLMC | 4.500 | 12/01/24 | 7,749 |
115 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 3,322 | FGLMC | 4.500 | % | 02/01/25 | $ | 3,497 | |||||||||
80,513 | FGLMC | 4.000 | 03/01/25 | 85,703 | ||||||||||||
2,322 | FGLMC | 4.500 | 06/01/25 | 2,456 | ||||||||||||
4,597 | FGLMC | 4.500 | 07/01/25 | 4,897 | ||||||||||||
110,595 | FGLMC | 3.500 | 10/01/25 | 118,023 | ||||||||||||
51,344 | FGLMC | 4.000 | 10/01/25 | 54,662 | ||||||||||||
183,155 | FGLMC | 3.500 | 11/01/25 | 195,437 | ||||||||||||
111,261 | FGLMC | 3.500 | 11/01/25 | 118,727 | ||||||||||||
48,703 | FGLMC | 3.500 | 12/01/25 | 51,968 | ||||||||||||
26,004 | FGLMC | 3.000 | 01/01/26 | 27,494 | ||||||||||||
388,844 | FGLMC | 3.500 | 01/01/26 | 414,977 | ||||||||||||
31,437 | FGLMC | 4.000 | 04/01/26 | 33,543 | ||||||||||||
68,538 | FGLMC | 4.000 | 05/01/26 | 73,156 | ||||||||||||
15,314 | FGLMC | 5.500 | 07/01/26 | 17,080 | ||||||||||||
195,841 | FGLMC | 4.000 | 08/01/26 | 209,094 | ||||||||||||
1,705 | FGLMC | 6.000 | 08/01/26 | 1,915 | ||||||||||||
67,586 | FGLMC | 3.000 | 09/01/26 | 71,480 | ||||||||||||
193,729 | FGLMC | 3.000 | 10/01/26 | 204,874 | ||||||||||||
291,774 | FGLMC | 3.500 | 10/01/26 | 311,458 | ||||||||||||
6,998 | FGLMC | 5.000 | 10/01/26 | 7,736 | ||||||||||||
2,115 | FGLMC | 5.500 | 10/01/26 | 2,359 | ||||||||||||
1,131,755 | FGLMC | 3.000 | 02/01/27 | 1,197,087 | ||||||||||||
732,593 | FGLMC | 2.500 | 05/01/27 | 765,046 | ||||||||||||
780,311 | FGLMC | 2.500 | 11/01/27 | 814,915 | ||||||||||||
30,240 | FGLMC | 6.000 | 12/01/27 | 33,976 | ||||||||||||
617,244 | FGLMC | 2.500 | 01/01/28 | 644,644 | ||||||||||||
1,637,281 | FGLMC | 2.500 | 03/01/28 | 1,710,017 | ||||||||||||
�� | 42,527 | FGLMC | 5.000 | 03/01/28 | 47,069 | |||||||||||
914,679 | FGLMC | 2.500 | 05/01/28 | 955,289 | ||||||||||||
4,625 | FGLMC | 5.500 | 05/01/28 | 5,170 | ||||||||||||
2,704,320 | FGLMC | 2.500 | 07/01/28 | 2,828,832 | ||||||||||||
2,314,465 | FGLMC | 2.500 | 07/01/28 | 2,417,358 | ||||||||||||
591,346 | FGLMC | 3.000 | 10/01/28 | 625,516 | ||||||||||||
31,522 | FGLMC | 5.500 | 01/01/29 | 35,232 | ||||||||||||
1,867 | FGLMC | 6.500 | 01/01/29 | 2,096 | ||||||||||||
5,064 | FGLMC | 4.000 | 02/01/29 | 5,432 | ||||||||||||
1,262,249 | FGLMC | 3.500 | 03/01/29 | 1,362,066 | ||||||||||||
325 | FGLMC | 6.500 | 03/01/29 | 369 | ||||||||||||
2,328,079 | FGLMC | 3.000 | 07/01/29 | 2,462,565 | ||||||||||||
8,318 | FGLMC | 6.500 | 07/01/29 | 9,340 | ||||||||||||
8,940 | FGLMC | 5.000 | 12/01/29 | 9,984 | ||||||||||||
6,478,969 | FGLMC | 2.500 | 05/01/30 | 6,766,682 | ||||||||||||
16,152 | FGLMC | 4.000 | 08/01/30 | 17,485 | ||||||||||||
120,244 | FGLMC | 4.500 | 01/01/31 | 132,617 | ||||||||||||
323 | FGLMC | 8.000 | 01/01/31 | 331 | ||||||||||||
109,183 | FGLMC | 4.000 | 03/01/31 | 118,171 | ||||||||||||
14,684 | FGLMC | 4.000 | 05/01/31 | 15,893 | ||||||||||||
101,009 | FGLMC | 4.500 | 05/01/31 | 111,393 | ||||||||||||
52,757 | FGLMC | 4.000 | 06/01/31 | 57,102 | ||||||||||||
122,066 | FGLMC | 4.000 | 08/01/31 | 132,116 | ||||||||||||
134,114 | FGLMC | 4.000 | 09/01/31 | 145,978 | ||||||||||||
1,964 | FGLMC | 6.500 | 09/01/31 | 2,236 | ||||||||||||
3,967 | FGLMC | 8.000 | 09/01/31 | 4,487 | ||||||||||||
65,665 | FGLMC | 3.500 | 11/01/31 | 70,262 |
116 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 9,881,350 | FGLMC | 2.500 | % | 12/01/31 | $ | 10,285,557 | |||||||||
36,696 | FGLMC | 7.000 | 12/01/31 | 41,990 | ||||||||||||
9,682 | FGLMC | 6.500 | 01/01/32 | 11,245 | ||||||||||||
23,513 | FGLMC | 6.000 | 02/01/32 | 27,980 | ||||||||||||
1,110,137 | FGLMC | 3.000 | 03/01/32 | 1,168,784 | ||||||||||||
9,990 | FGLMC | 7.000 | 04/01/32 | 11,573 | ||||||||||||
7,503 | FGLMC | 6.500 | 05/01/32 | 8,425 | ||||||||||||
750,015 | FGLMC | 3.500 | 09/01/32 | 810,928 | ||||||||||||
5,682 | FGLMC | 5.500 | 11/01/32 | 6,601 | ||||||||||||
10,715,298 | FGLMC | 3.000 | 01/01/33 | 11,322,328 | ||||||||||||
7,867 | FGLMC | 6.000 | 02/01/33 | 9,219 | ||||||||||||
28,744 | FGLMC | 5.000 | 03/01/33 | 33,004 | ||||||||||||
15,063 | FGLMC | 6.000 | 03/01/33 | 16,979 | ||||||||||||
17,727 | FGLMC | 6.000 | 03/01/33 | 19,956 | ||||||||||||
15,532 | FGLMC | 5.000 | 04/01/33 | 17,311 | ||||||||||||
3,656 | FGLMC | 6.000 | 04/01/33 | 4,358 | ||||||||||||
205,799 | FGLMC | 5.000 | 06/01/33 | 228,712 | ||||||||||||
68,847 | FGLMC | 5.500 | 06/01/33 | 80,162 | ||||||||||||
38,815,791 | FGLMC | 2.500 | 07/01/33 | 40,390,155 | ||||||||||||
1,521,306 | FGLMC | 3.500 | 07/01/33 | 1,644,550 | ||||||||||||
28,271 | FGLMC | 4.500 | 07/01/33 | 31,466 | ||||||||||||
4,823,828 | FGLMC | 4.000 | 08/01/33 | 5,153,755 | ||||||||||||
2,524 | FGLMC | 5.000 | 08/01/33 | 2,910 | ||||||||||||
9,820 | FGLMC | 6.500 | 08/01/33 | 11,413 | ||||||||||||
92,656 | FGLMC | 5.000 | 09/01/33 | 107,202 | ||||||||||||
38,870 | FGLMC | 5.500 | 09/01/33 | 44,557 | ||||||||||||
66,900 | FGLMC | 5.500 | 09/01/33 | 77,174 | ||||||||||||
12,609 | FGLMC | 5.500 | 09/01/33 | 14,292 | ||||||||||||
36,060 | FGLMC | 5.500 | 09/01/33 | 40,735 | ||||||||||||
19,661 | FGLMC | 4.000 | 10/01/33 | 21,501 | ||||||||||||
5,370 | FGLMC | 5.000 | 10/01/33 | 6,220 | ||||||||||||
72,713 | FGLMC | 5.500 | 10/01/33 | 83,750 | ||||||||||||
3,694,494 | FGLMC | 3.500 | 11/01/33 | 3,939,781 | ||||||||||||
48,920 | FGLMC | 5.500 | 12/01/33 | 56,919 | ||||||||||||
16,225 | FGLMC | 5.500 | 12/01/33 | 18,938 | ||||||||||||
200,683 | FGLMC | 7.000 | 12/01/33 | 231,845 | ||||||||||||
153,833 | FGLMC | 5.000 | 01/01/34 | 177,880 | ||||||||||||
1,308,866 | FGLMC | 3.000 | 02/01/34 | 1,381,978 | ||||||||||||
3,522 | FGLMC | 5.500 | 02/01/34 | 4,108 | ||||||||||||
19,946 | FGLMC | 5.000 | 03/01/34 | 23,152 | ||||||||||||
21,482 | FGLMC | 5.500 | 03/01/34 | 25,075 | ||||||||||||
68,933 | FGLMC | 5.000 | 05/01/34 | 80,227 | ||||||||||||
22,698 | FGLMC | 4.500 | 06/01/34 | 25,264 | ||||||||||||
45,133 | FGLMC | 5.000 | 06/01/34 | 51,943 | ||||||||||||
15,731 | FGLMC | 5.500 | 06/01/34 | 18,402 | ||||||||||||
7,925 | FGLMC | 6.000 | 06/01/34 | 9,275 | ||||||||||||
33,500 | FGLMC | 6.000 | 09/01/34 | 39,227 | ||||||||||||
2,720,039 | FGLMC | 3.500 | 10/01/34 | 2,921,532 | ||||||||||||
4,890 | FGLMC | 5.000 | 11/01/34 | 5,680 | ||||||||||||
177,242 | FGLMC | 5.500 | 11/01/34 | 207,489 | ||||||||||||
169,515 | FGLMC | 5.000 | 12/01/34 | 196,970 | ||||||||||||
34,439 | FGLMC | 5.500 | 12/01/34 | 40,170 | ||||||||||||
7,416 | FGLMC | 5.500 | 12/01/34 | 8,288 |
117 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 2,627 | FGLMC | 5.500 | % | 01/01/35 | $ | 3,075 | |||||||||
1,388 | FGLMC | 5.500 | 01/01/35 | 1,625 | ||||||||||||
21,960 | FGLMC | 5.500 | 01/01/35 | 25,707 | ||||||||||||
63,874 | FGLMC | 4.500 | 04/01/35 | 71,061 | ||||||||||||
8,997 | FGLMC | 6.000 | 05/01/35 | 10,755 | ||||||||||||
74,138 | FGLMC | 6.000 | 05/01/35 | 85,265 | ||||||||||||
55,921 | FGLMC | 7.000 | 05/01/35 | 63,628 | ||||||||||||
13,595 | FGLMC | 5.500 | 06/01/35 | 15,914 | ||||||||||||
9,121 | FGLMC | 5.500 | 06/01/35 | 10,677 | ||||||||||||
4,599 | FGLMC | 5.000 | 07/01/35 | 5,327 | ||||||||||||
242,815 | FGLMC | 5.000 | 07/01/35 | 282,605 | ||||||||||||
300,480 | FGLMC | 5.000 | 08/01/35 | 349,729 | ||||||||||||
13,849 | FGLMC | 5.500 | 08/01/35 | 15,472 | ||||||||||||
80,107 | FGLMC | 6.000 | 08/01/35 | 90,111 | ||||||||||||
4,266 | FGLMC | 4.500 | 09/01/35 | 4,756 | ||||||||||||
24,225 | FGLMC | 5.000 | 10/01/35 | 28,060 | ||||||||||||
48,024 | FGLMC | 5.000 | 10/01/35 | 55,897 | ||||||||||||
18,687 | FGLMC | 5.000 | 10/01/35 | 21,646 | ||||||||||||
155,092 | FGLMC | 5.500 | 10/01/35 | 173,583 | ||||||||||||
41,211 | FGLMC | 5.000 | 12/01/35 | 47,737 | ||||||||||||
5,207 | FGLMC | 5.000 | 12/01/35 | 6,059 | ||||||||||||
23,309 | FGLMC | 6.000 | 01/01/36 | 27,867 | ||||||||||||
10,593 | FGLMC | 5.000 | 02/01/36 | 12,323 | ||||||||||||
4,270 | FGLMC | 5.000 | 02/01/36 | 4,966 | ||||||||||||
4,443 | FGLMC | 6.000 | 02/01/36 | 5,261 | ||||||||||||
38,277 | FGLMC | 5.500 | 04/01/36 | 43,947 | ||||||||||||
10,823 | FGLMC | 5.500 | 05/01/36 | 12,669 | ||||||||||||
184,497 | FGLMC | 6.000 | 06/01/36 | 220,577 | ||||||||||||
47,907 | FGLMC | 5.000 | 07/01/36 | 55,737 | ||||||||||||
82,896 | FGLMC | 6.000 | 07/01/36 | 99,102 | ||||||||||||
10,379 | FGLMC | 6.000 | 08/01/36 | 12,409 | ||||||||||||
6,505 | FGLMC | 6.000 | 09/01/36 | 7,324 | ||||||||||||
183,691 | FGLMC | 5.500 | 10/01/36 | 215,045 | ||||||||||||
86,590 | FGLMC | 5.500 | 10/01/36 | 101,371 | ||||||||||||
18,093 | FGLMC | 6.500 | 10/01/36 | 20,834 | ||||||||||||
8,049 | FGLMC | 5.500 | 11/01/36 | 9,440 | ||||||||||||
20,761 | FGLMC | 6.000 | 11/01/36 | 24,821 | ||||||||||||
118,448 | FGLMC | 6.000 | 12/01/36 | 141,614 | ||||||||||||
164,879 | FGLMC | 5.500 | 03/01/37 | 193,440 | ||||||||||||
61,895 | FGLMC | 6.000 | 03/01/37 | 74,001 | ||||||||||||
7,562 | FGLMC | 6.500 | 03/01/37 | 8,709 | ||||||||||||
59,134 | FGLMC | 5.500 | 04/01/37 | 69,451 | ||||||||||||
9,911 | FGLMC | 5.000 | 05/01/37 | 11,537 | ||||||||||||
7,803 | FGLMC | 5.000 | 06/01/37 | 9,015 | ||||||||||||
26,459 | FGLMC | 5.500 | 06/01/37 | 31,086 | ||||||||||||
7,482,018 | FGLMC | 3.000 | 07/01/37 | 7,812,248 | ||||||||||||
105,799 | FGLMC | 6.000 | 07/01/37 | 126,280 | ||||||||||||
52,933 | FGLMC | 6.000 | 08/01/37 | 63,290 | ||||||||||||
16,694 | FGLMC | 6.000 | 09/01/37 | 19,842 | ||||||||||||
151,481 | FGLMC | 5.500 | 10/01/37 | 171,690 | ||||||||||||
4,991 | FGLMC | 6.000 | 11/01/37 | 5,967 | ||||||||||||
56,612 | FGLMC | 6.500 | 11/01/37 | 66,749 | ||||||||||||
22,187 | FGLMC | 6.000 | 01/01/38 | 26,437 | ||||||||||||
8,382 | FGLMC | 6.000 | 02/01/38 | 9,928 |
118 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 66,546 | FGLMC | 6.000 | % | 02/01/38 | $ | 79,429 | |||||||||
105,188 | FGLMC | 5.000 | 03/01/38 | 122,363 | ||||||||||||
296,343 | FGLMC | 5.000 | 03/01/38 | 344,938 | ||||||||||||
12,446 | FGLMC | 5.000 | 04/01/38 | 14,521 | ||||||||||||
127,601 | FGLMC | 5.000 | 04/01/38 | 148,539 | ||||||||||||
126,636 | FGLMC | 5.500 | 04/01/38 | 144,845 | ||||||||||||
31,301 | FGLMC | 5.500 | 05/01/38 | 36,801 | ||||||||||||
3,549 | FGLMC | 5.500 | 06/01/38 | 4,172 | ||||||||||||
4,031 | FGLMC | 6.000 | 07/01/38 | 4,546 | ||||||||||||
117,677 | FGLMC | 5.500 | 08/01/38 | 138,255 | ||||||||||||
18,502 | FGLMC | 5.500 | 08/01/38 | 21,651 | ||||||||||||
14,640 | FGLMC | 5.000 | 09/01/38 | 17,031 | ||||||||||||
201,835 | FGLMC | 5.500 | 09/01/38 | 237,146 | ||||||||||||
63,705 | FGLMC | 5.500 | 09/01/38 | 74,706 | ||||||||||||
3,786 | FGLMC | 5.500 | 10/01/38 | 4,451 | ||||||||||||
74,509 | FGLMC | 6.000 | 11/01/38 | 87,810 | ||||||||||||
522,665 | FGLMC | 5.500 | 01/01/39 | 614,470 | ||||||||||||
365,313 | FGLMC | 4.500 | 02/01/39 | 409,902 | ||||||||||||
208,640 | FGLMC | 5.000 | 02/01/39 | 242,704 | ||||||||||||
14,363 | FGLMC | 5.500 | 02/01/39 | 16,816 | ||||||||||||
448 | FGLMC | 4.500 | 03/01/39 | 490 | ||||||||||||
85,902 | FGLMC | 5.000 | 03/01/39 | 100,001 | ||||||||||||
10,451 | FGLMC | 6.000 | 03/01/39 | 12,338 | ||||||||||||
16,393 | FGLMC | 4.500 | 04/01/39 | 18,444 | ||||||||||||
624,131 | FGLMC | 4.500 | 04/01/39 | 703,973 | ||||||||||||
138,737 | FGLMC | 4.000 | 05/01/39 | 152,940 | ||||||||||||
3,520 | FGLMC | 4.500 | 05/01/39 | 3,949 | ||||||||||||
87,287 | FGLMC | 4.500 | 05/01/39 | 98,455 | ||||||||||||
1,889,085 | FGLMC | 4.500 | 05/01/39 | 2,130,839 | ||||||||||||
159,290 | FGLMC | 4.500 | 05/01/39 | 177,170 | ||||||||||||
78,358 | FGLMC | 5.000 | 05/01/39 | 91,207 | ||||||||||||
178,578 | FGLMC | 4.000 | 06/01/39 | 196,554 | ||||||||||||
863,333 | FGLMC | 4.500 | 06/01/39 | 973,786 | ||||||||||||
28,769 | FGLMC | 4.500 | 06/01/39 | 32,337 | ||||||||||||
13,540 | FGLMC | 5.000 | 06/01/39 | 15,762 | ||||||||||||
5,380 | FGLMC | 5.500 | 06/01/39 | 6,299 | ||||||||||||
284,146 | FGLMC | 4.000 | 07/01/39 | 314,699 | ||||||||||||
107,348 | FGLMC | 4.500 | 07/01/39 | 120,451 | ||||||||||||
21,132 | FGLMC | 4.500 | 07/01/39 | 23,712 | ||||||||||||
9,140 | FGLMC | 4.500 | 07/01/39 | 10,184 | ||||||||||||
71,421 | FGLMC | 5.000 | 07/01/39 | 83,142 | ||||||||||||
119,526 | FGLMC | 5.500 | 07/01/39 | 138,376 | ||||||||||||
9,860 | FGLMC | 4.500 | 08/01/39 | 11,083 | ||||||||||||
22,406 | FGLMC | 5.000 | 08/01/39 | 25,957 | ||||||||||||
144,640 | FGLMC | 4.000 | 09/01/39 | 159,983 | ||||||||||||
553,261 | FGLMC | 5.000 | 09/01/39 | 643,433 | ||||||||||||
188,852 | FGLMC | 5.000 | 09/01/39 | 219,851 | ||||||||||||
1,426 | FGLMC | 5.500 | 09/01/39 | 1,601 | ||||||||||||
229,563 | FGLMC | 6.500 | 09/01/39 | 262,009 | ||||||||||||
37,787 | FGLMC | 4.500 | 10/01/39 | 42,624 | ||||||||||||
59,597 | FGLMC | 4.500 | 10/01/39 | 67,228 | ||||||||||||
74,483 | FGLMC | 4.500 | 10/01/39 | 83,575 | ||||||||||||
29,037 | FGLMC | 5.000 | 10/01/39 | 33,803 |
119 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 14,930 | FGLMC | 4.000 | % | 11/01/39 | $ | 16,433 | |||||||||
48,521 | FGLMC | 4.500 | 11/01/39 | 54,444 | ||||||||||||
18,894 | FGLMC | 5.000 | 11/01/39 | 21,995 | ||||||||||||
9,929 | FGLMC | 5.000 | 11/01/39 | 11,000 | ||||||||||||
51,410 | FGLMC | 4.500 | 12/01/39 | 57,991 | ||||||||||||
102,284 | FGLMC | 4.500 | 12/01/39 | 114,772 | ||||||||||||
207,793 | FGLMC | 4.500 | 12/01/39 | 234,394 | ||||||||||||
44,526 | FGLMC | 4.500 | 12/01/39 | 49,962 | ||||||||||||
79,998 | FGLMC | 5.500 | 12/01/39 | 93,993 | ||||||||||||
113,479 | FGLMC | 4.500 | 01/01/40 | 128,002 | ||||||||||||
10,453 | FGLMC | 5.000 | 01/01/40 | 12,169 | ||||||||||||
14,084 | FGLMC | 5.500 | 01/01/40 | 16,515 | ||||||||||||
35,095 | FGLMC | 5.500 | 03/01/40 | 41,256 | ||||||||||||
477,301 | FGLMC | 4.000 | 04/01/40 | 526,168 | ||||||||||||
22,263 | FGLMC | 4.500 | 04/01/40 | 24,982 | ||||||||||||
74,088 | FGLMC | 4.500 | 04/01/40 | 83,135 | ||||||||||||
55,688 | FGLMC | 5.000 | 04/01/40 | 64,514 | ||||||||||||
141,322 | FGLMC | 5.000 | 04/01/40 | 164,518 | ||||||||||||
451,123 | FGLMC | 6.000 | 04/01/40 | 533,813 | ||||||||||||
1,242,031 | FGLMC | 4.500 | 05/01/40 | 1,396,103 | ||||||||||||
663,080 | FGLMC | 5.000 | 05/01/40 | 766,302 | ||||||||||||
3,963 | FGLMC | 4.500 | 06/01/40 | 4,470 | ||||||||||||
356,075 | FGLMC | 5.500 | 06/01/40 | 417,057 | ||||||||||||
597,181 | FGLMC | 4.500 | 07/01/40 | 673,604 | ||||||||||||
11,236 | FGLMC | 4.500 | 08/01/40 | 12,608 | ||||||||||||
117,396 | FGLMC | 5.000 | 08/01/40 | 136,663 | ||||||||||||
300,538 | FGLMC | 5.000 | 08/01/40 | 349,863 | ||||||||||||
28,189 | FGLMC | 5.000 | 08/01/40 | 32,340 | ||||||||||||
1,804,820 | FGLMC | 5.500 | 08/01/40 | 2,120,427 | ||||||||||||
158,034 | FGLMC | 4.000 | 09/01/40 | 173,946 | ||||||||||||
1,997,004 | FGLMC | 4.000 | 11/01/40 | 2,201,583 | ||||||||||||
1,291,332 | FGLMC | 4.000 | 12/01/40 | 1,430,147 | ||||||||||||
213,242 | FGLMC | 3.500 | 01/01/41 | 230,583 | ||||||||||||
328,772 | FGLMC | 3.500 | 01/01/41 | 355,448 | ||||||||||||
190,884 | FGLMC | 4.000 | 01/01/41 | 210,032 | ||||||||||||
185,082 | FGLMC | 3.500 | 02/01/41 | 200,131 | ||||||||||||
727,927 | FGLMC | 4.000 | 02/01/41 | 800,677 | ||||||||||||
254,950 | FGLMC | 4.000 | 02/01/41 | 279,633 | ||||||||||||
1,183,972 | FGLMC | 4.000 | 04/01/41 | 1,298,696 | ||||||||||||
217,181 | FGLMC | 4.500 | 04/01/41 | 243,657 | ||||||||||||
48,746 | FGLMC | 5.000 | 04/01/41 | 56,731 | ||||||||||||
199,163 | FGLMC | 4.500 | 05/01/41 | 221,885 | ||||||||||||
236,687 | FGLMC | 4.500 | 06/01/41 | 266,933 | ||||||||||||
592,983 | FGLMC | 3.500 | 10/01/41 | 640,942 | ||||||||||||
515,580 | FGLMC | 5.000 | 10/01/41 | 600,039 | ||||||||||||
863,898 | FGLMC | 3.500 | 11/01/41 | 934,212 | ||||||||||||
315,481 | FGLMC | 4.500 | 12/01/41 | 353,870 | ||||||||||||
2,684,199 | FGLMC | 3.500 | 01/01/42 | 2,903,007 | ||||||||||||
792,600 | FGLMC | 3.500 | 02/01/42 | 857,211 | ||||||||||||
857,424 | FGLMC | 3.500 | 04/01/42 | 926,994 | ||||||||||||
2,103,879 | FGLMC | 4.000 | 05/01/42 | 2,328,899 | ||||||||||||
6,171,543 | FGLMC | 4.500 | 05/01/42 | 6,950,395 | ||||||||||||
1,367,313 | FGLMC | 3.500 | 07/01/42 | 1,487,080 | ||||||||||||
326,198 | FGLMC | 3.000 | 08/01/42 | 345,220 |
120 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 2,251,931 | FGLMC | 3.000 | % | 10/01/42 | $ | 2,383,267 | |||||||||
1,581,035 | FGLMC | 3.000 | 10/01/42 | 1,681,719 | ||||||||||||
694,572 | FGLMC | 3.500 | 12/01/42 | 755,472 | ||||||||||||
2,204,647 | FGLMC | 2.500 | 01/01/43 | 2,283,584 | ||||||||||||
4,431,907 | FGLMC | 3.000 | 01/01/43 | 4,695,133 | ||||||||||||
6,736,060 | FGLMC | 3.000 | 04/01/43 | 7,136,205 | ||||||||||||
16,007,967 | FGLMC | 3.000 | 04/01/43 | 17,027,617 | ||||||||||||
2,037,102 | FGLMC | 3.500 | 05/01/43 | 2,202,696 | ||||||||||||
2,732,634 | FGLMC | 3.000 | 08/01/43 | 2,906,706 | ||||||||||||
1,872,418 | FGLMC | 3.000 | 08/01/43 | 1,991,691 | ||||||||||||
2,091,572 | FGLMC | 3.500 | 08/01/43 | 2,260,737 | ||||||||||||
991,888 | FGLMC | 4.500 | 10/01/43 | 1,120,043 | ||||||||||||
1,101,688 | FGLMC | 4.000 | 11/01/43 | 1,208,760 | ||||||||||||
2,009,683 | FGLMC | 3.500 | 02/01/44 | 2,168,614 | ||||||||||||
1,673,296 | FGLMC | 4.000 | 02/01/44 | 1,841,107 | ||||||||||||
11,552,716 | FGLMC | 4.000 | 02/01/44 | 12,731,471 | ||||||||||||
762,623 | FGLMC | 4.000 | 04/01/44 | 836,501 | ||||||||||||
968,021 | FGLMC | 4.500 | 05/01/44 | 1,076,997 | ||||||||||||
1,729,513 | FGLMC | 4.000 | 06/01/44 | 1,896,482 | ||||||||||||
2,655,724 | FGLMC | 4.000 | 08/01/44 | 2,911,805 | ||||||||||||
1,964,791 | FGLMC | 3.500 | 09/01/44 | 2,113,268 | ||||||||||||
2,772,765 | FGLMC | 3.500 | 11/01/44 | 2,980,694 | ||||||||||||
3,601,396 | FGLMC | 3.500 | 12/01/44 | 3,868,725 | ||||||||||||
2,236,257 | FGLMC | 3.500 | 01/01/45 | 2,413,422 | ||||||||||||
4,309,358 | FGLMC | 3.000 | 02/01/45 | 4,536,893 | ||||||||||||
5,789,523 | FGLMC | 3.500 | 03/01/45 | 6,222,762 | ||||||||||||
3,179,589 | FGLMC | 4.000 | 03/01/45 | 3,497,350 | ||||||||||||
2,100,141 | FGLMC | 3.000 | 04/01/45 | 2,211,209 | ||||||||||||
4,167,739 | FGLMC | 3.500 | 04/01/45 | 4,478,048 | ||||||||||||
11,175,392 | FGLMC | 3.500 | 07/01/45 | 12,034,814 | ||||||||||||
8,337,138 | FGLMC | 4.500 | 07/01/45 | 9,268,807 | ||||||||||||
22,195,191 | FGLMC | 3.000 | 08/01/45 | 23,592,167 | ||||||||||||
17,194,770 | FGLMC | 3.500 | 10/01/45 | 18,657,069 | ||||||||||||
3,730,380 | FGLMC | 4.000 | 11/01/45 | 4,072,622 | ||||||||||||
7,080,489 | FGLMC | 3.500 | 12/01/45 | 7,598,096 | ||||||||||||
15,770,061 | FGLMC | 3.000 | 03/01/46 | 16,544,411 | ||||||||||||
5,434,882 | FGLMC | 3.500 | 03/01/46 | 5,831,078 | ||||||||||||
2,808,985 | FGLMC | 4.000 | 03/01/46 | 3,058,808 | ||||||||||||
11,724,996 | FGLMC | 3.000 | 04/01/46 | 12,301,112 | ||||||||||||
12,822,929 | FGLMC | 3.500 | 05/01/46 | 13,826,675 | ||||||||||||
8,513,492 | FGLMC | 3.500 | 08/01/46 | 9,149,756 | ||||||||||||
17,092,761 | FGLMC | 3.000 | 09/01/46 | 18,039,996 | ||||||||||||
7,143,807 | FGLMC | 4.000 | 09/01/46 | 7,660,666 | ||||||||||||
6,176,744 | FGLMC | 3.000 | 11/01/46 | 6,534,017 | ||||||||||||
22,730,038 | FGLMC | 3.000 | 11/01/46 | 23,828,100 | ||||||||||||
7,254,285 | FGLMC | 3.000 | 11/01/46 | 7,633,178 | ||||||||||||
4,326,599 | FGLMC | 3.000 | 12/01/46 | 4,549,414 | ||||||||||||
6,016,868 | FGLMC | 3.500 | 12/01/46 | 6,410,761 | ||||||||||||
9,615,612 | FGLMC | 3.000 | 02/01/47 | 10,170,891 | ||||||||||||
3,598,816 | FGLMC | 3.500 | 02/01/47 | 3,837,881 | ||||||||||||
3,237,688 | FGLMC | 4.000 | 02/01/47 | 3,505,500 | ||||||||||||
6,303,423 | FGLMC | 3.500 | 05/01/47 | 6,691,813 | ||||||||||||
3,664,308 | FGLMC | 3.000 | 08/01/47 | 3,847,513 |
121 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 4,914,059 | FGLMC | 3.000 | % | 11/01/47 | $ | 5,143,106 | |||||||||
8,054,910 | FGLMC | 3.000 | 12/01/47 | 8,405,935 | ||||||||||||
19,384,878 | FGLMC | 3.000 | 01/01/48 | 20,478,306 | ||||||||||||
9,018,832 | FGLMC | 3.000 | 02/01/48 | 9,409,379 | ||||||||||||
7,490,856 | FGLMC | 3.500 | 03/01/48 | 7,967,209 | ||||||||||||
7,112,221 | FGLMC | 3.500 | 05/01/48 | 7,526,808 | ||||||||||||
5,304,039 | FGLMC | 4.000 | 05/01/48 | 5,714,861 | ||||||||||||
7,439,670 | FGLMC | 3.500 | 07/01/48 | 7,877,517 | ||||||||||||
8,139,221 | FGLMC | 4.000 | 07/01/48 | 8,734,562 | ||||||||||||
14,709,316 | FGLMC | 4.000 | 08/01/48 | 15,777,406 | ||||||||||||
2,924,708 | FGLMC | 4.500 | 09/01/48 | 3,188,053 | ||||||||||||
11,670,848 | FGLMC | 4.000 | 10/01/48 | 12,515,801 | ||||||||||||
7,085,984 | FGLMC | 4.500 | 12/01/48 | 7,713,605 | ||||||||||||
4,025,709 | FGLMC | 4.500 | 02/01/49 | 4,380,821 | ||||||||||||
9,435,981 | FGLMC | 3.500 | 05/01/49 | 9,961,031 | ||||||||||||
336 | Federal National Mortgage Association (FNMA) | 5.500 | 08/01/21 | 337 | ||||||||||||
117 | FNMA | 6.000 | 08/01/21 | 118 | ||||||||||||
1 | FNMA | 5.000 | 10/01/21 | 1 | ||||||||||||
1 | FNMA | 5.000 | 11/01/21 | 1 | ||||||||||||
76 | FNMA | 5.500 | 11/01/21 | 76 | ||||||||||||
1,381 | FNMA | 5.500 | 10/01/22 | 1,410 | ||||||||||||
782 | FNMA | 6.000 | 10/01/22 | 801 | ||||||||||||
397 | FNMA | 5.000 | 03/01/23 | 417 | ||||||||||||
11,528 | FNMA | 4.500 | 06/01/23 | 12,097 | ||||||||||||
1,434 | FNMA | 5.000 | 06/01/23 | 1,506 | ||||||||||||
2,095 | FNMA | 5.500 | 06/01/23 | 2,334 | ||||||||||||
1,765 | FNMA | 5.000 | 07/01/23 | 1,852 | ||||||||||||
18,181 | FNMA | 5.000 | 07/01/23 | 19,098 | ||||||||||||
1,669 | FNMA | 5.500 | 08/01/23 | 1,721 | ||||||||||||
4,334 | FNMA | 5.000 | 11/01/23 | 4,786 | ||||||||||||
7 | FNMA | 5.500 | 11/01/23 | 7 | ||||||||||||
9,251 | FNMA | 5.500 | 01/01/24 | 9,362 | ||||||||||||
4,896 | FNMA | 5.500 | 02/01/24 | 5,455 | ||||||||||||
19,477 | FNMA | 4.000 | 03/01/24 | 20,719 | ||||||||||||
1,624 | FNMA | 4.500 | 04/01/24 | 1,707 | ||||||||||||
78,265 | FNMA | 4.000 | 05/01/24 | 83,260 | ||||||||||||
24,248 | FNMA | 4.000 | 05/01/24 | 25,805 | ||||||||||||
2,083 | FNMA | 4.000 | 06/01/24 | 2,216 | ||||||||||||
2,772 | FNMA | 4.500 | 07/01/24 | 2,920 | ||||||||||||
2,915 | FNMA | 5.500 | 07/01/24 | 3,248 | ||||||||||||
65 | FNMA | 8.000 | 07/01/24 | 70 | ||||||||||||
15,709 | FNMA | 4.500 | 08/01/24 | 16,500 | ||||||||||||
54,244 | FNMA | 4.000 | 09/01/24 | 57,719 | ||||||||||||
16,110 | FNMA | 4.000 | 09/01/24 | 17,153 | ||||||||||||
5,352 | FNMA | 4.500 | 09/01/24 | 5,643 | ||||||||||||
142,507 | FNMA | 4.500 | 10/01/24 | 150,354 | ||||||||||||
7,995 | FNMA | 5.000 | 01/01/25 | 8,833 | ||||||||||||
11,424 | FNMA | 4.500 | 02/01/25 | 12,044 | ||||||||||||
79,431 | FNMA | 4.500 | 03/01/25 | 84,544 | ||||||||||||
1,523 | FNMA | 4.500 | 03/01/25 | 1,600 | ||||||||||||
37,223 | FNMA | 5.000 | 03/01/25 | 41,136 | ||||||||||||
24,822 | FNMA | 4.500 | 04/01/25 | 26,387 | ||||||||||||
58,922 | FNMA | 4.500 | 04/01/25 | 62,273 | ||||||||||||
297,168 | FNMA | 4.000 | 05/01/25 | 316,283 |
122 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 112,860 | FNMA | 4.000 | % | 06/01/25 | $ | 120,179 | |||||||||
60,402 | FNMA | 4.500 | 06/01/25 | 63,669 | ||||||||||||
33,019 | FNMA | 4.000 | 08/01/25 | 35,164 | ||||||||||||
17,629 | FNMA | 5.500 | 08/01/25 | 19,847 | ||||||||||||
127,916 | FNMA | 3.500 | 09/01/25 | 136,463 | ||||||||||||
147,390 | FNMA | 4.000 | 09/01/25 | 156,813 | ||||||||||||
243,685 | FNMA | 3.500 | 10/01/25 | 260,023 | ||||||||||||
199,337 | FNMA | 3.500 | 10/01/25 | 212,609 | ||||||||||||
87,041 | FNMA | 5.000 | 10/01/25 | 96,240 | ||||||||||||
137,012 | FNMA | 4.000 | 11/01/25 | 145,896 | ||||||||||||
212,796 | FNMA | 3.500 | 12/01/25 | 227,050 | ||||||||||||
986,048 | FNMA | 3.500 | 02/01/26 | 1,052,060 | ||||||||||||
159,514 | FNMA | 3.500 | 02/01/26 | 170,187 | ||||||||||||
50,904 | FNMA | 4.000 | 03/01/26 | 54,322 | ||||||||||||
155,742 | FNMA | 4.000 | 06/01/26 | 166,284 | ||||||||||||
135,885 | FNMA | 3.500 | 08/01/26 | 144,858 | ||||||||||||
105,524 | FNMA | 3.500 | 09/01/26 | 112,618 | ||||||||||||
56,691 | FNMA | 4.000 | 09/01/26 | 60,496 | ||||||||||||
180,073 | FNMA | 3.500 | 10/01/26 | 192,136 | ||||||||||||
3,734 | FNMA | 6.000 | 10/01/26 | 4,192 | ||||||||||||
244,490 | FNMA | 3.000 | 11/01/26 | 258,320 | ||||||||||||
219,198 | FNMA | 3.000 | 12/01/26 | 231,769 | ||||||||||||
591,942 | FNMA | 3.000 | 01/01/27 | 625,907 | ||||||||||||
613,523 | FNMA | 4.000 | 01/01/27 | 653,189 | ||||||||||||
459,296 | FNMA | 3.500 | 02/01/27 | 489,971 | ||||||||||||
731,711 | FNMA | 3.000 | 04/01/27 | 773,777 | ||||||||||||
471,012 | FNMA | 3.000 | 04/01/27 | 498,053 | ||||||||||||
270,985 | FNMA | 3.500 | 05/01/27 | 291,608 | ||||||||||||
303,796 | FNMA | 2.500 | 06/01/27 | 317,138 | ||||||||||||
850,171 | FNMA | 3.000 | 06/01/27 | 899,080 | ||||||||||||
359,957 | FNMA | 2.500 | 07/01/27 | 375,819 | ||||||||||||
768,044 | FNMA | 2.500 | 09/01/27 | 801,928 | ||||||||||||
8,862 | FNMA | 5.500 | 09/01/27 | 9,898 | ||||||||||||
1,276,443 | FNMA | 2.500 | 10/01/27 | 1,332,738 | ||||||||||||
790,081 | FNMA | 3.000 | 11/01/27 | 834,906 | ||||||||||||
1,579 | FNMA | 5.500 | 01/01/28 | 1,772 | ||||||||||||
3,158,989 | FNMA | 2.500 | 02/01/28 | 3,305,157 | ||||||||||||
2,504,073 | FNMA | 2.500 | 02/01/28 | 2,614,659 | ||||||||||||
1,181 | FNMA | 5.000 | 02/01/28 | 1,313 | ||||||||||||
1,856,656 | FNMA | 2.500 | 04/01/28 | 1,938,651 | ||||||||||||
2,703,132 | FNMA | 2.500 | 04/01/28 | 2,822,551 | ||||||||||||
7,040 | FNMA | 5.500 | 06/01/28 | 7,867 | ||||||||||||
755,173 | FNMA | 2.500 | 07/01/28 | 788,490 | ||||||||||||
1,520,900 | FNMA | 2.500 | 08/01/28 | 1,588,006 | ||||||||||||
1,941,064 | FNMA | 3.000 | 10/01/28 | 2,052,857 | ||||||||||||
1,275 | FNMA | 5.500 | 11/01/28 | 1,425 | ||||||||||||
7 | FNMA | 7.500 | 01/01/29 | 8 | ||||||||||||
2,425,863 | FNMA | 3.000 | 03/01/29 | 2,565,022 | ||||||||||||
9,326 | FNMA | 4.000 | 03/01/29 | 10,000 | ||||||||||||
8,981,717 | FNMA | 3.000 | 04/01/29 | 9,527,831 | ||||||||||||
35,242 | FNMA | 4.500 | 04/01/29 | 38,335 | ||||||||||||
27,011 | FNMA | 4.000 | 05/01/29 | 28,959 | ||||||||||||
13,957 | FNMA | 4.500 | 06/01/29 | 15,181 |
123 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 4,791 | FNMA | 4.000 | % | 07/01/29 | $ | 5,159 | |||||||||
90,950 | FNMA | 4.500 | 08/01/29 | 99,800 | ||||||||||||
11,371,584 | FNMA | 3.500 | 09/01/29 | 12,406,353 | ||||||||||||
18,347 | FNMA | 4.500 | 09/01/29 | 20,115 | ||||||||||||
18,054 | FNMA | 4.500 | 11/01/29 | 19,662 | ||||||||||||
5,057 | FNMA | 4.500 | 01/01/30 | 5,550 | ||||||||||||
1,476,444 | FNMA | 2.500 | 02/01/30 | 1,541,392 | ||||||||||||
12,088 | FNMA | 4.000 | 03/01/30 | 13,047 | ||||||||||||
5,442 | FNMA | 4.500 | 05/01/30 | 5,973 | ||||||||||||
7,533 | FNMA | 4.500 | 06/01/30 | 8,268 | ||||||||||||
3,471,985 | FNMA | 3.000 | 07/01/30 | 3,673,743 | ||||||||||||
69,077 | FNMA | 4.500 | 08/01/30 | 75,824 | ||||||||||||
15,187 | FNMA | 4.000 | 09/01/30 | 16,435 | ||||||||||||
98,602 | FNMA | 4.000 | 10/01/30 | 106,679 | ||||||||||||
858,965 | FNMA | 4.000 | 11/01/30 | 929,569 | ||||||||||||
157,409 | FNMA | 4.000 | 11/01/30 | 170,311 | ||||||||||||
32,965 | FNMA | 4.500 | 12/01/30 | 36,349 | ||||||||||||
3,066,254 | FNMA | 3.000 | 02/01/31 | 3,242,887 | ||||||||||||
48,664 | FNMA | 3.500 | 02/01/31 | 52,327 | ||||||||||||
53,033 | FNMA | 4.000 | 02/01/31 | 57,381 | ||||||||||||
481 | FNMA | 7.500 | 03/01/31 | 571 | ||||||||||||
3,843,868 | FNMA | 2.500 | 04/01/31 | 3,999,042 | ||||||||||||
144,153 | FNMA | 3.500 | 04/01/31 | 152,904 | ||||||||||||
16,473 | FNMA | 4.000 | 04/01/31 | 17,823 | ||||||||||||
3,264,797 | FNMA | 3.000 | 05/01/31 | 3,454,932 | ||||||||||||
1,563 | FNMA | 6.000 | 05/01/31 | 1,843 | ||||||||||||
4,017,107 | FNMA | 2.500 | 06/01/31 | 4,179,633 | ||||||||||||
648,349 | FNMA | 4.500 | 07/01/31 | 722,515 | ||||||||||||
88,081 | FNMA | 4.500 | 07/01/31 | 97,109 | ||||||||||||
502,610 | FNMA | 4.000 | 08/01/31 | 551,183 | ||||||||||||
5,235,813 | FNMA | 2.500 | 09/01/31 | 5,447,812 | ||||||||||||
2,847,210 | FNMA | 3.000 | 09/01/31 | 3,013,294 | ||||||||||||
33,098 | FNMA | 4.000 | 09/01/31 | 36,200 | ||||||||||||
292 | FNMA | 6.500 | 09/01/31 | 327 | ||||||||||||
16,738 | FNMA | 6.000 | 11/01/31 | 19,783 | ||||||||||||
2,265 | FNMA | 6.500 | 11/01/31 | 2,606 | ||||||||||||
5,483,746 | FNMA | 2.500 | 12/01/31 | 5,706,142 | ||||||||||||
916,463 | FNMA | 3.500 | 01/01/32 | 980,270 | ||||||||||||
5,935 | FNMA | 6.000 | 01/01/32 | 7,042 | ||||||||||||
1,037 | FNMA | 6.000 | 01/01/32 | 1,163 | ||||||||||||
386,805 | FNMA | 3.500 | 02/01/32 | 413,793 | ||||||||||||
3,688 | FNMA | 6.000 | 02/01/32 | 4,331 | ||||||||||||
3,823,856 | FNMA | 3.000 | 03/01/32 | 4,039,324 | ||||||||||||
18,117 | FNMA | 6.500 | 04/01/32 | 21,344 | ||||||||||||
13,657,240 | FNMA | 3.000 | 06/01/32 | 14,427,328 | ||||||||||||
33,644 | FNMA | 6.500 | 07/01/32 | 38,426 | ||||||||||||
6,327 | FNMA | 6.500 | 08/01/32 | 7,219 | ||||||||||||
422,681 | FNMA | 3.000 | 09/01/32 | 444,415 | ||||||||||||
16,081 | FNMA | 7.500 | 09/01/32 | 18,465 | ||||||||||||
1,257,054 | FNMA | 3.000 | 10/01/32 | 1,314,064 | ||||||||||||
31,037 | FNMA | 5.500 | 10/01/32 | 36,015 | ||||||||||||
8,385 | FNMA | 6.000 | 11/01/32 | 9,892 | ||||||||||||
8,971,381 | FNMA | 3.000 | 12/01/32 | 9,478,100 | ||||||||||||
498 | FNMA | 5.500 | 12/01/32 | 556 |
124 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 12,713 | FNMA | 5.500 | % | 12/01/32 | $ | 14,800 | |||||||||
12,208 | FNMA | 6.000 | 12/01/32 | 14,326 | ||||||||||||
74,597 | FNMA | 5.500 | 01/01/33 | 86,350 | ||||||||||||
167,675 | FNMA | 6.000 | 01/01/33 | 200,238 | ||||||||||||
67,254 | FNMA | 5.000 | 02/01/33 | 76,627 | ||||||||||||
3,889 | FNMA | 5.000 | 02/01/33 | 4,339 | ||||||||||||
922,571 | FNMA | 3.000 | 04/01/33 | 972,881 | ||||||||||||
1,070,990 | FNMA | 3.500 | 04/01/33 | 1,157,316 | ||||||||||||
4,050 | FNMA | 6.000 | 04/01/33 | 4,825 | ||||||||||||
6,911,893 | FNMA | 3.500 | 05/01/33 | 7,412,081 | ||||||||||||
528,045 | FNMA | 5.500 | 05/01/33 | 607,440 | ||||||||||||
30,140 | FNMA | 5.000 | 06/01/33 | 34,737 | ||||||||||||
62,526 | FNMA | 5.500 | 06/01/33 | 72,830 | ||||||||||||
10,426 | FNMA | 4.500 | 07/01/33 | 11,505 | ||||||||||||
35,653 | FNMA | 5.000 | 07/01/33 | 41,275 | ||||||||||||
50,556 | FNMA | 4.500 | 08/01/33 | 55,763 | ||||||||||||
3,797 | FNMA | 4.500 | 08/01/33 | 4,130 | ||||||||||||
10,539 | FNMA | 5.000 | 08/01/33 | 12,128 | ||||||||||||
23,696 | FNMA | 5.500 | 09/01/33 | 26,445 | ||||||||||||
86,009 | FNMA | 5.500 | 09/01/33 | 96,446 | ||||||||||||
7,182 | FNMA | 6.000 | 09/01/33 | 8,186 | ||||||||||||
83,395 | FNMA | 4.500 | 10/01/33 | 92,775 | ||||||||||||
12,580 | FNMA | 5.000 | 10/01/33 | 14,584 | ||||||||||||
7,075 | FNMA | 5.000 | 10/01/33 | 7,911 | ||||||||||||
139,072 | FNMA | 5.500 | 10/01/33 | 157,480 | ||||||||||||
296,985 | FNMA | 5.500 | 10/01/33 | 346,315 | ||||||||||||
4,425 | FNMA | 4.500 | 11/01/33 | 4,903 | ||||||||||||
16,665 | FNMA | 5.000 | 11/01/33 | 19,281 | ||||||||||||
1,131,615 | FNMA | 5.000 | 11/01/33 | 1,308,432 | ||||||||||||
129,290 | FNMA | 5.000 | 12/01/33 | 149,108 | ||||||||||||
150,979 | FNMA | 5.500 | 12/01/33 | 175,390 | ||||||||||||
1,601,832 | FNMA | 3.000 | 01/01/34 | 1,685,573 | ||||||||||||
50,627 | FNMA | 5.000 | 02/01/34 | 57,398 | ||||||||||||
219,384 | FNMA | 6.000 | 02/01/34 | 253,089 | ||||||||||||
12,680 | FNMA | 5.000 | 03/01/34 | 14,642 | ||||||||||||
302,462 | FNMA | 5.000 | 03/01/34 | 349,461 | ||||||||||||
5,368 | FNMA | 5.000 | 03/01/34 | 6,200 | ||||||||||||
6,932 | FNMA | 5.000 | 03/01/34 | 7,997 | ||||||||||||
14,896 | FNMA | 5.000 | 03/01/34 | 17,190 | ||||||||||||
4,450 | FNMA | 5.000 | 03/01/34 | 5,136 | ||||||||||||
41,410 | FNMA | 5.000 | 04/01/34 | 48,090 | ||||||||||||
46,045 | FNMA | 5.500 | 04/01/34 | 53,221 | ||||||||||||
20,643 | FNMA | 4.500 | 05/01/34 | 22,802 | ||||||||||||
11,157 | FNMA | 4.500 | 05/01/34 | 12,396 | ||||||||||||
10,431 | FNMA | 5.500 | 07/01/34 | 12,197 | ||||||||||||
16,355 | FNMA | 5.500 | 07/01/34 | 19,117 | ||||||||||||
16,316 | FNMA | 7.000 | 07/01/34 | 18,818 | ||||||||||||
122,962 | FNMA | 5.000 | 08/01/34 | 142,722 | ||||||||||||
13,555 | FNMA | 5.000 | 08/01/34 | 15,689 | ||||||||||||
72,880 | FNMA | 6.000 | 08/01/34 | 84,172 | ||||||||||||
12,676 | FNMA | 6.000 | 08/01/34 | 15,124 | ||||||||||||
7,782 | FNMA | 4.500 | 09/01/34 | 8,655 | ||||||||||||
255,671 | FNMA | 5.500 | 09/01/34 | 298,953 |
125 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 12,437,006 | FNMA | 2.500 | % | 11/01/34 | $ | 12,937,943 | |||||||||||
2,484 | FNMA | 5.500 | 11/01/34 | 2,905 | ||||||||||||||
9,061 | FNMA | 6.000 | 11/01/34 | 10,185 | ||||||||||||||
17,153,308 | FNMA | 2.500 | 12/01/34 | 17,845,759 | ||||||||||||||
15,213,395 | FNMA | 3.000 | 12/01/34 | 16,063,445 | ||||||||||||||
3,851 | FNMA | 5.000 | 12/01/34 | 4,460 | ||||||||||||||
2,342 | FNMA | 5.500 | 12/01/34 | 2,740 | ||||||||||||||
9,439 | FNMA | 6.000 | 12/01/34 | 10,843 | ||||||||||||||
353,485 | FNMA | 4.500 | 01/01/35 | 392,598 | ||||||||||||||
29,176 | FNMA | 5.500 | 01/01/35 | 33,474 | ||||||||||||||
13,556,117 | FNMA | 3.500 | 02/01/35 | 14,465,267 | ||||||||||||||
764,176 | FNMA | 5.500 | 02/01/35 | 897,733 | ||||||||||||||
34,035 | FNMA | 5.500 | 02/01/35 | 39,823 | ||||||||||||||
11,625,803 | FNMA | 2.500 | 03/01/35 | 12,094,062 | ||||||||||||||
115,919 | FNMA | 5.500 | 04/01/35 | 129,485 | ||||||||||||||
30,517 | FNMA | 6.000 | 04/01/35 | 35,322 | ||||||||||||||
31,871 | FNMA | 6.000 | 04/01/35 | 38,084 | ||||||||||||||
14,116,395 | FNMA | 2.500 | 05/01/35 | 14,686,840 | ||||||||||||||
40,766 | FNMA | 6.000 | 05/01/35 | 48,416 | ||||||||||||||
12,875 | FNMA | 5.000 | 06/01/35 | 14,952 | ||||||||||||||
1,624 | i | FNMA | LIBOR 12 M + 1.570% | 2.284 | 07/01/35 | 1,642 | ||||||||||||
38,995 | FNMA | 5.000 | 07/01/35 | 45,125 | ||||||||||||||
3,615,531 | FNMA | 3.000 | 08/01/35 | 3,800,909 | ||||||||||||||
81,852 | FNMA | 4.500 | 08/01/35 | 90,995 | ||||||||||||||
50,855 | FNMA | 5.000 | 08/01/35 | 59,129 | ||||||||||||||
89,690 | FNMA | 5.000 | 08/01/35 | 104,249 | ||||||||||||||
2,981 | FNMA | 4.500 | 09/01/35 | 3,320 | ||||||||||||||
3,676 | FNMA | 4.500 | 09/01/35 | 4,086 | ||||||||||||||
9,732 | FNMA | 5.500 | 09/01/35 | 11,387 | ||||||||||||||
13,420,390 | FNMA | 2.500 | 10/01/35 | 13,969,405 | ||||||||||||||
37,695 | FNMA | 5.000 | 10/01/35 | 42,031 | ||||||||||||||
107,442 | FNMA | 5.500 | 10/01/35 | 125,137 | ||||||||||||||
23,342,683 | FNMA | 1.500 | 11/01/35 | 23,469,616 | ||||||||||||||
22,841,684 | FNMA | 2.000 | 11/01/35 | 23,461,711 | ||||||||||||||
13,854,211 | FNMA | 2.500 | 11/01/35 | 14,417,341 | ||||||||||||||
3,034 | FNMA | 5.000 | 11/01/35 | 3,179 | ||||||||||||||
111,670 | FNMA | 5.500 | 11/01/35 | 130,491 | ||||||||||||||
9,288,022 | FNMA | 2.000 | 12/01/35 | 9,540,141 | ||||||||||||||
30,003,072 | FNMA | 1.500 | 01/01/36 | 30,157,310 | ||||||||||||||
4,516,326 | FNMA | 3.500 | 01/01/36 | 4,879,570 | ||||||||||||||
32,008 | i | FNMA | LIBOR 12 M + 1.535% | 1.910 | 02/01/36 | 32,347 | ||||||||||||
271,369 | FNMA | 5.000 | 02/01/36 | 315,680 | ||||||||||||||
19,888,321 | FNMA | 1.500 | 03/01/36 | 19,990,612 | ||||||||||||||
99,649,509 | FNMA | 2.000 | 03/01/36 | 102,354,450 | ||||||||||||||
132,668 | FNMA | 6.000 | 03/01/36 | 158,409 | ||||||||||||||
10,000,000 | h | FNMA | 1.000 | 04/01/36 | 10,051,221 | |||||||||||||
10,000,000 | h | FNMA | 1.500 | 04/01/36 | 10,051,429 | |||||||||||||
30,000,000 | h | FNMA | 2.000 | 04/01/36 | 30,814,337 | |||||||||||||
1,545,686 | FNMA | 3.500 | 05/01/36 | 1,670,239 | ||||||||||||||
1,885 | FNMA | 5.000 | 05/01/36 | 2,159 | ||||||||||||||
166,932 | FNMA | 6.000 | 06/01/36 | 199,483 | ||||||||||||||
17,106 | i | FNMA | LIBOR 12 M + 1.595% | 2.345 | 07/01/36 | 17,250 | ||||||||||||
11,239 | FNMA | 6.000 | 07/01/36 | 13,180 | ||||||||||||||
58,985 | FNMA | 6.500 | 07/01/36 | 67,059 |
126 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 11,321,707 | FNMA | 3.000 | % | 08/01/36 | $ | 11,902,521 | |||||||||||
79,761 | FNMA | 5.500 | 08/01/36 | 89,284 | ||||||||||||||
117,308 | FNMA | 6.500 | 08/01/36 | 140,809 | ||||||||||||||
1,958,479 | FNMA | 3.000 | 09/01/36 | 2,059,002 | ||||||||||||||
8,975 | FNMA | 5.500 | 09/01/36 | 10,498 | ||||||||||||||
3,547 | FNMA | 6.500 | 09/01/36 | 4,148 | ||||||||||||||
11,625 | FNMA | 6.500 | 09/01/36 | 13,753 | ||||||||||||||
16,607 | FNMA | 6.000 | 10/01/36 | 19,847 | ||||||||||||||
4,250,362 | FNMA | 3.000 | 11/01/36 | 4,468,646 | ||||||||||||||
8,174 | FNMA | 6.500 | 11/01/36 | 9,449 | ||||||||||||||
48,208 | FNMA | 6.000 | 12/01/36 | 57,616 | ||||||||||||||
6,716 | i | FNMA | LIBOR 12 M + 1.754% | 2.129 | 01/01/37 | 6,814 | ||||||||||||
21,616 | FNMA | 5.500 | 01/01/37 | 25,360 | ||||||||||||||
991 | i | FNMA | LIBOR 6 M + 1.460% | 1.710 | 02/01/37 | 1,018 | ||||||||||||
146,956 | FNMA | 5.500 | 02/01/37 | 172,034 | ||||||||||||||
7,722 | FNMA | 6.000 | 02/01/37 | 9,080 | ||||||||||||||
12,347 | FNMA | 7.000 | 02/01/37 | 14,209 | ||||||||||||||
2,544 | i | FNMA | LIBOR 12 M + 1.809% | 2.532 | 03/01/37 | 2,558 | ||||||||||||
1,200 | FNMA | 5.000 | 03/01/37 | 1,393 | ||||||||||||||
49,350 | FNMA | 6.500 | 03/01/37 | 58,352 | ||||||||||||||
44,445 | FNMA | 6.500 | 03/01/37 | 51,242 | ||||||||||||||
37,400 | FNMA | 7.000 | 04/01/37 | 45,105 | ||||||||||||||
54,192 | FNMA | 5.000 | 05/01/37 | 62,978 | ||||||||||||||
1,442 | FNMA | 7.000 | 05/01/37 | 1,519 | ||||||||||||||
9,848 | i | FNMA | LIBOR 12 M + 1.782% | 2.655 | 06/01/37 | 9,901 | ||||||||||||
12,667 | FNMA | 5.500 | 06/01/37 | 14,864 | ||||||||||||||
14,394 | FNMA | 5.500 | 08/01/37 | 16,843 | ||||||||||||||
6,674 | FNMA | 6.000 | 08/01/37 | 7,969 | ||||||||||||||
11,785 | FNMA | 6.500 | 08/01/37 | 13,297 | ||||||||||||||
14,624 | FNMA | 5.500 | 09/01/37 | 16,328 | ||||||||||||||
21,370 | FNMA | 6.000 | 09/01/37 | 24,904 | ||||||||||||||
52,921 | FNMA | 6.000 | 09/01/37 | 63,028 | ||||||||||||||
65,569 | FNMA | 6.000 | 09/01/37 | 76,969 | ||||||||||||||
24,102 | FNMA | 6.000 | 09/01/37 | 28,491 | ||||||||||||||
96,957 | FNMA | 6.000 | 09/01/37 | 115,606 | ||||||||||||||
12,722 | FNMA | 6.500 | 09/01/37 | 14,310 | ||||||||||||||
4,159 | FNMA | 6.500 | 09/01/37 | 4,668 | ||||||||||||||
11,938 | i | FNMA | DGS1 + 2.275% | 2.400 | 10/01/37 | 12,016 | ||||||||||||
8,904 | FNMA | 6.500 | 10/01/37 | 10,287 | ||||||||||||||
88,487 | FNMA | 5.500 | 11/01/37 | 102,399 | ||||||||||||||
183,252 | FNMA | 6.000 | 11/01/37 | 218,461 | ||||||||||||||
2,748 | FNMA | 7.000 | 11/01/37 | 2,840 | ||||||||||||||
4,039,200 | FNMA | 3.000 | 12/01/37 | 4,211,546 | ||||||||||||||
4,343,036 | FNMA | 4.000 | 01/01/38 | 4,712,797 | ||||||||||||||
501 | FNMA | 6.500 | 01/01/38 | 568 | ||||||||||||||
55,508 | FNMA | 5.500 | 02/01/38 | 65,166 | ||||||||||||||
26,115 | FNMA | 6.500 | 02/01/38 | 29,312 | ||||||||||||||
13,573 | FNMA | 7.000 | 02/01/38 | 16,374 | ||||||||||||||
12,365 | i | FNMA | LIBOR 12 M + 1.770% | 3.770 | 03/01/38 | 12,366 | ||||||||||||
5,083 | FNMA | 5.000 | 03/01/38 | 5,909 | ||||||||||||||
2,394 | FNMA | 5.000 | 03/01/38 | 2,784 | ||||||||||||||
9,976 | FNMA | 5.500 | 03/01/38 | 11,716 | ||||||||||||||
3,871 | FNMA | 6.000 | 03/01/38 | 4,774 |
127 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 5,153 | FNMA | 6.500 | % | 03/01/38 | $ | 6,043 | |||||||||||
35,623 | FNMA | 6.500 | 03/01/38 | 40,484 | ||||||||||||||
4,986 | FNMA | 6.500 | 03/01/38 | 5,596 | ||||||||||||||
14,720 | FNMA | 5.000 | 04/01/38 | 16,291 | ||||||||||||||
154,094 | FNMA | 5.500 | 04/01/38 | 181,067 | ||||||||||||||
173,950 | FNMA | 6.000 | 04/01/38 | 206,313 | ||||||||||||||
12,538 | FNMA | 4.500 | 05/01/38 | 13,810 | ||||||||||||||
588,078 | FNMA | 5.000 | 05/01/38 | 683,765 | ||||||||||||||
128,977 | FNMA | 5.000 | 05/01/38 | 147,145 | ||||||||||||||
391,716 | FNMA | 6.000 | 06/01/38 | 464,590 | ||||||||||||||
659,256 | FNMA | 6.500 | 06/01/38 | 769,756 | ||||||||||||||
141,057 | FNMA | 6.000 | 07/01/38 | 168,016 | ||||||||||||||
1,248 | i | FNMA | LIBOR 12 M + 1.750% | 2.375 | 08/01/38 | 1,252 | ||||||||||||
1,811 | i | FNMA | LIBOR 12 M + 1.603% | 2.475 | 08/01/38 | 1,903 | ||||||||||||
415,193 | FNMA | 6.000 | 09/01/38 | 492,856 | ||||||||||||||
10,495 | i | FNMA | LIBOR 12 M + 1.321% | 1.821 | 10/01/38 | 10,506 | ||||||||||||
640 | FNMA | 6.000 | 10/01/38 | 722 | ||||||||||||||
5,188 | FNMA | 5.500 | 11/01/38 | 6,030 | ||||||||||||||
2,112 | FNMA | 5.000 | 12/01/38 | 2,457 | ||||||||||||||
436,310 | FNMA | 5.500 | 12/01/38 | 510,269 | ||||||||||||||
62,105 | FNMA | 4.500 | 01/01/39 | 70,011 | ||||||||||||||
47,079 | FNMA | 5.000 | 01/01/39 | 54,357 | ||||||||||||||
1,525,711 | FNMA | 5.000 | 01/01/39 | 1,771,443 | ||||||||||||||
63,094 | FNMA | 5.500 | 01/01/39 | 73,897 | ||||||||||||||
230,633 | FNMA | 5.500 | 01/01/39 | 271,052 | ||||||||||||||
15,049 | FNMA | 6.000 | 01/01/39 | 17,759 | ||||||||||||||
1,523 | FNMA | 6.000 | 01/01/39 | 1,712 | ||||||||||||||
79,333 | FNMA | 4.500 | 02/01/39 | 89,119 | ||||||||||||||
225,219 | FNMA | 4.500 | 02/01/39 | 252,622 | ||||||||||||||
128,035 | FNMA | 4.500 | 02/01/39 | 144,345 | ||||||||||||||
4,443 | FNMA | 5.500 | 02/01/39 | 5,191 | ||||||||||||||
250,308 | FNMA | 4.000 | 04/01/39 | 276,983 | ||||||||||||||
13,283 | FNMA | 5.500 | 04/01/39 | 15,441 | ||||||||||||||
428,334 | FNMA | 4.500 | 05/01/39 | 480,444 | ||||||||||||||
90,105 | FNMA | 4.500 | 05/01/39 | 101,538 | ||||||||||||||
234,070 | FNMA | 4.500 | 06/01/39 | 263,711 | ||||||||||||||
77,131 | FNMA | 4.500 | 06/01/39 | 85,862 | ||||||||||||||
180,845 | FNMA | 5.500 | 06/01/39 | 212,387 | ||||||||||||||
5,568 | i | FNMA | LIBOR 12 M + 1.835% | 2.799 | 07/01/39 | 5,879 | ||||||||||||
48,045 | FNMA | 4.500 | 07/01/39 | 53,492 | ||||||||||||||
54,303 | FNMA | 4.500 | 07/01/39 | 60,869 | ||||||||||||||
5,363 | FNMA | 5.000 | 07/01/39 | 6,150 | ||||||||||||||
6,238 | i | FNMA | LIBOR 12 M + 1.650% | 2.275 | 08/01/39 | 6,333 | ||||||||||||
8,088 | i | FNMA | LIBOR 12 M + 1.690% | 2.400 | 08/01/39 | 8,498 | ||||||||||||
862,096 | FNMA | 4.000 | 08/01/39 | 949,600 | ||||||||||||||
139,959 | FNMA | 4.000 | 08/01/39 | 154,886 | ||||||||||||||
11,695 | FNMA | 4.500 | 08/01/39 | 13,131 | ||||||||||||||
604,464 | FNMA | 4.500 | 08/01/39 | 681,559 | ||||||||||||||
170,529 | FNMA | 4.500 | 08/01/39 | 191,172 | ||||||||||||||
682,074 | FNMA | 5.000 | 08/01/39 | 781,821 | ||||||||||||||
6,152 | FNMA | 5.000 | 08/01/39 | 7,073 | ||||||||||||||
336,571 | FNMA | 4.000 | 09/01/39 | 372,496 | ||||||||||||||
27,245 | FNMA | 5.000 | 09/01/39 | 31,703 | ||||||||||||||
142,093 | FNMA | 5.500 | 09/01/39 | 165,411 |
128 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 83,975 | FNMA | 6.000 | % | 09/01/39 | $ | 99,768 | |||||||||||
293,765 | FNMA | 6.500 | 10/01/39 | 353,495 | ||||||||||||||
15,512 | FNMA | 5.000 | 11/01/39 | 18,050 | ||||||||||||||
359,056 | FNMA | 4.000 | 12/01/39 | 395,534 | ||||||||||||||
43,970 | FNMA | 4.500 | 12/01/39 | 48,976 | ||||||||||||||
82,577 | FNMA | 4.500 | 12/01/39 | 92,577 | ||||||||||||||
1,255,476 | FNMA | 4.500 | 12/01/39 | 1,407,844 | ||||||||||||||
10,965 | i | FNMA | LIBOR 12 M + 1.815% | 2.190 | 01/01/40 | 11,559 | ||||||||||||
25,635 | FNMA | 4.500 | 01/01/40 | 28,754 | ||||||||||||||
30,735 | FNMA | 5.000 | 01/01/40 | 35,766 | ||||||||||||||
190,120 | FNMA | 6.000 | 02/01/40 | 225,104 | ||||||||||||||
11,622,763 | FNMA | 2.500 | 03/01/40 | 11,955,801 | ||||||||||||||
243,175 | FNMA | 4.500 | 03/01/40 | 270,790 | ||||||||||||||
130,852 | FNMA | 4.500 | 03/01/40 | 147,474 | ||||||||||||||
12,517 | FNMA | 5.000 | 03/01/40 | 14,566 | ||||||||||||||
14,796,183 | FNMA | 2.500 | 04/01/40 | 15,229,232 | ||||||||||||||
16,513,225 | FNMA | 3.000 | 04/01/40 | 17,255,053 | ||||||||||||||
12,945 | FNMA | 4.500 | 04/01/40 | 14,516 | ||||||||||||||
470,499 | FNMA | 5.000 | 04/01/40 | 547,513 | ||||||||||||||
317,658 | FNMA | 5.000 | 04/01/40 | 366,960 | ||||||||||||||
45,029 | i | FNMA | LIBOR 12 M + 1.847% | 2.349 | 05/01/40 | 47,566 | ||||||||||||
50,001 | i | FNMA | LIBOR 12 M + 1.782% | 3.585 | 05/01/40 | 52,800 | ||||||||||||
18,494 | i | FNMA | LIBOR 12 M + 1.864% | 3.614 | 05/01/40 | 18,838 | ||||||||||||
15,565 | FNMA | 4.500 | 05/01/40 | 17,407 | ||||||||||||||
11,465,040 | FNMA | 2.500 | 06/01/40 | 11,835,745 | ||||||||||||||
29,892 | FNMA | 4.500 | 07/01/40 | 33,526 | ||||||||||||||
29,682 | FNMA | 4.500 | 07/01/40 | 33,053 | ||||||||||||||
39,551 | FNMA | 5.000 | 07/01/40 | 45,803 | ||||||||||||||
9,634 | i | FNMA | LIBOR 12 M + 1.805% | 2.430 | 08/01/40 | 9,651 | ||||||||||||
247,950 | FNMA | 4.500 | 08/01/40 | 277,645 | ||||||||||||||
348,319 | FNMA | 4.500 | 08/01/40 | 389,998 | ||||||||||||||
261,621 | FNMA | 5.000 | 08/01/40 | 299,576 | ||||||||||||||
597,542 | FNMA | 4.500 | 09/01/40 | 673,783 | ||||||||||||||
250,305 | FNMA | 4.500 | 09/01/40 | 281,154 | ||||||||||||||
539,490 | FNMA | 6.000 | 09/01/40 | 644,523 | ||||||||||||||
81,164 | FNMA | 3.500 | 10/01/40 | 87,663 | ||||||||||||||
371,373 | FNMA | 4.000 | 10/01/40 | 407,269 | ||||||||||||||
865,436 | FNMA | 4.000 | 10/01/40 | 951,920 | ||||||||||||||
634,715 | FNMA | 4.500 | 10/01/40 | 715,646 | ||||||||||||||
731,713 | FNMA | 3.500 | 11/01/40 | 790,583 | ||||||||||||||
800,409 | FNMA | 4.000 | 11/01/40 | 877,806 | ||||||||||||||
792,796 | FNMA | 4.000 | 11/01/40 | 872,729 | ||||||||||||||
478,928 | FNMA | 4.000 | 11/01/40 | 527,645 | ||||||||||||||
86,575 | FNMA | 4.500 | 11/01/40 | 97,113 | ||||||||||||||
19,125,962 | FNMA | 2.000 | 12/01/40 | 19,386,302 | ||||||||||||||
26,147 | i | FNMA | LIBOR 12 M + 1.823% | 2.198 | 12/01/40 | 26,129 | ||||||||||||
255,818 | FNMA | 4.000 | 12/01/40 | 280,556 | ||||||||||||||
2,096,168 | FNMA | 4.500 | 12/01/40 | 2,360,695 | ||||||||||||||
25,427 | FNMA | 3.500 | 01/01/41 | 27,462 | ||||||||||||||
5,949,642 | FNMA | 1.500 | 02/01/41 | 5,866,824 | ||||||||||||||
14,884,849 | FNMA | 2.000 | 02/01/41 | 15,087,923 | ||||||||||||||
29,889 | i | FNMA | LIBOR 12 M + 1.807% | 2.229 | 02/01/41 | 31,518 | ||||||||||||
120,672 | FNMA | 3.500 | 02/01/41 | 129,808 |
129 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 718,527 | FNMA | 4.000 | % | 02/01/41 | $ | 789,923 | |||||||||||
689,646 | FNMA | 4.000 | 03/01/41 | 759,767 | ||||||||||||||
20,000,000 | FNMA | 2.000 | 04/01/41 | 20,272,860 | ||||||||||||||
526,315 | FNMA | 4.500 | 04/01/41 | 592,579 | ||||||||||||||
711,730 | FNMA | 4.500 | 05/01/41 | 792,584 | ||||||||||||||
125,624 | FNMA | 4.500 | 05/01/41 | 141,616 | ||||||||||||||
344,270 | FNMA | 4.500 | 06/01/41 | 386,780 | ||||||||||||||
73,847 | i | FNMA | LIBOR 12 M + 1.788% | 2.817 | 07/01/41 | 77,964 | ||||||||||||
454,974 | FNMA | 4.500 | 07/01/41 | 512,937 | ||||||||||||||
1,074,863 | FNMA | 4.000 | 09/01/41 | 1,182,298 | ||||||||||||||
631,671 | FNMA | 4.500 | 09/01/41 | 708,435 | ||||||||||||||
239,586 | FNMA | 5.500 | 09/01/41 | 280,481 | ||||||||||||||
49,346 | i | FNMA | LIBOR 12 M + 1.857% | 2.359 | 10/01/41 | 51,374 | ||||||||||||
392,396 | FNMA | 3.500 | 11/01/41 | 425,351 | ||||||||||||||
361,480 | FNMA | 3.500 | 11/01/41 | 389,074 | ||||||||||||||
168,077 | i | FNMA | LIBOR 12 M + 1.750% | 2.238 | 12/01/41 | 177,139 | ||||||||||||
15,528,887 | FNMA | 3.500 | 12/01/41 | 16,785,625 | ||||||||||||||
2,390,921 | FNMA | 3.500 | 12/01/41 | 2,573,417 | ||||||||||||||
452,295 | FNMA | 4.000 | 12/01/41 | 497,512 | ||||||||||||||
1,176,188 | FNMA | 3.500 | 03/01/42 | 1,271,581 | ||||||||||||||
800,060 | FNMA | 4.000 | 03/01/42 | 880,024 | ||||||||||||||
2,565,600 | FNMA | 3.500 | 04/01/42 | 2,789,458 | ||||||||||||||
976,970 | FNMA | 3.500 | 04/01/42 | 1,063,309 | ||||||||||||||
958,602 | FNMA | 4.500 | 04/01/42 | 1,079,349 | ||||||||||||||
948,294 | FNMA | 5.000 | 04/01/42 | 1,103,180 | ||||||||||||||
712,335 | FNMA | 4.000 | 05/01/42 | 783,887 | ||||||||||||||
829,811 | FNMA | 5.000 | 05/01/42 | 954,327 | ||||||||||||||
770,293 | FNMA | 3.000 | 06/01/42 | 815,739 | ||||||||||||||
3,377,355 | FNMA | 3.500 | 06/01/42 | 3,651,311 | ||||||||||||||
2,743,578 | FNMA | 4.000 | 06/01/42 | 3,023,153 | ||||||||||||||
1,879,495 | FNMA | 4.000 | 06/01/42 | 2,067,796 | ||||||||||||||
5,079,257 | FNMA | 3.500 | 07/01/42 | 5,491,222 | ||||||||||||||
1,053,234 | FNMA | 4.500 | 07/01/42 | 1,173,319 | ||||||||||||||
1,103,349 | FNMA | 3.500 | 08/01/42 | 1,196,225 | ||||||||||||||
1,741,395 | FNMA | 3.000 | 09/01/42 | 1,846,110 | ||||||||||||||
2,236,488 | FNMA | 3.500 | 09/01/42 | 2,417,902 | ||||||||||||||
11,417,498 | FNMA | 4.500 | 09/01/42 | 12,848,110 | ||||||||||||||
3,996,298 | FNMA | 3.000 | 10/01/42 | 4,248,952 | ||||||||||||||
1,051,763 | FNMA | 3.500 | 10/01/42 | 1,137,082 | ||||||||||||||
1,745,481 | FNMA | 2.500 | 01/01/43 | 1,809,008 | ||||||||||||||
5,678,415 | FNMA | 3.000 | 01/01/43 | 6,036,599 | ||||||||||||||
6,625,625 | FNMA | 3.000 | 02/01/43 | 7,015,996 | ||||||||||||||
18,503,005 | FNMA | 3.000 | 04/01/43 | 19,655,604 | ||||||||||||||
12,983,721 | FNMA | 3.000 | 04/01/43 | 13,749,014 | ||||||||||||||
1,596,498 | FNMA | 3.000 | 04/01/43 | 1,688,944 | ||||||||||||||
4,561,685 | FNMA | 3.000 | 04/01/43 | 4,825,607 | ||||||||||||||
99,309 | i | FNMA | LIBOR 12 M + 1.695% | 2.591 | 06/01/43 | 103,051 | ||||||||||||
4,543,431 | FNMA | 3.000 | 06/01/43 | 4,811,244 | ||||||||||||||
40,604 | i | FNMA | LIBOR 12 M + 1.550% | 2.453 | 07/01/43 | 41,833 | ||||||||||||
4,086,089 | FNMA | 3.000 | 07/01/43 | 4,344,370 | ||||||||||||||
3,311,959 | FNMA | 3.500 | 07/01/43 | 3,579,799 | ||||||||||||||
10,296,780 | FNMA | 3.500 | 07/01/43 | 11,125,281 | ||||||||||||||
3,721,260 | FNMA | 3.000 | 08/01/43 | 3,956,420 | ||||||||||||||
1,923,662 | FNMA | 4.000 | 08/01/43 | 2,129,701 |
130 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 3,108,907 | FNMA | 3.000 | % | 09/01/43 | $ | 3,335,838 | |||||||||
3,561,132 | FNMA | 3.500 | 09/01/43 | 3,867,315 | ||||||||||||
2,944,204 | FNMA | 3.500 | 10/01/43 | 3,200,333 | ||||||||||||
315,605 | FNMA | 4.500 | 10/01/43 | 356,503 | ||||||||||||
842,113 | FNMA | 4.000 | 11/01/43 | 923,662 | ||||||||||||
2,042,363 | FNMA | 4.000 | 11/01/43 | 2,250,641 | ||||||||||||
2,037,776 | FNMA | 4.500 | 12/01/43 | 2,285,349 | ||||||||||||
629,371 | FNMA | 4.500 | 12/01/43 | 706,185 | ||||||||||||
2,356,036 | FNMA | 4.000 | 01/01/44 | 2,596,310 | ||||||||||||
33,805,587 | FNMA | 4.000 | 03/01/44 | 37,414,910 | ||||||||||||
1,533,151 | FNMA | 4.000 | 05/01/44 | 1,686,374 | ||||||||||||
1,457,610 | FNMA | 4.000 | 07/01/44 | 1,597,853 | ||||||||||||
1,616,885 | FNMA | 4.000 | 07/01/44 | 1,772,327 | ||||||||||||
1,074,947 | FNMA | 3.500 | 09/01/44 | 1,155,850 | ||||||||||||
1,470,178 | FNMA | 4.000 | 09/01/44 | 1,618,880 | ||||||||||||
3,652,241 | FNMA | 3.500 | 10/01/44 | 3,928,352 | ||||||||||||
9,388,061 | FNMA | 5.000 | 11/01/44 | 10,842,460 | ||||||||||||
1,504,185 | FNMA | 4.000 | 12/01/44 | 1,648,708 | ||||||||||||
10,511,080 | FNMA | 3.000 | 01/01/45 | 11,166,982 | ||||||||||||
3,119,771 | FNMA | 3.000 | 01/01/45 | 3,294,855 | ||||||||||||
15,792,862 | FNMA | 3.500 | 01/01/45 | 16,974,315 | ||||||||||||
5,623,896 | FNMA | 3.500 | 02/01/45 | 6,041,111 | ||||||||||||
3,862,206 | FNMA | 3.000 | 04/01/45 | 4,064,955 | ||||||||||||
5,706,281 | FNMA | 3.500 | 05/01/45 | 6,125,125 | ||||||||||||
5,712,041 | FNMA | 3.500 | 07/01/45 | 6,136,789 | ||||||||||||
7,474,283 | FNMA | 4.000 | 07/01/45 | 8,232,223 | ||||||||||||
17,586,173 | FNMA | 3.500 | 09/01/45 | 18,993,848 | ||||||||||||
8,578,485 | FNMA | 3.000 | 11/01/45 | 8,984,081 | ||||||||||||
4,085,436 | FNMA | 3.500 | 11/01/45 | 4,383,470 | ||||||||||||
11,462,363 | FNMA | 4.000 | 11/01/45 | 12,545,485 | ||||||||||||
3,585,209 | FNMA | 3.500 | 12/01/45 | 3,834,810 | ||||||||||||
11,007,786 | FNMA | 3.500 | 12/01/45 | 11,807,067 | ||||||||||||
5,250,932 | FNMA | 3.500 | 12/01/45 | 5,633,930 | ||||||||||||
14,659,824 | FNMA | 3.500 | 01/01/46 | 15,727,530 | ||||||||||||
2,960,103 | FNMA | 3.500 | 02/01/46 | 3,175,322 | ||||||||||||
9,601,300 | FNMA | 3.500 | 04/01/46 | 10,322,215 | ||||||||||||
4,798,186 | FNMA | 4.500 | 05/01/46 | 5,283,003 | ||||||||||||
3,812,022 | FNMA | 3.000 | 06/01/46 | 4,011,277 | ||||||||||||
6,406,979 | FNMA | 3.500 | 07/01/46 | 6,852,457 | ||||||||||||
10,304,589 | FNMA | 3.500 | 08/01/46 | 11,128,521 | ||||||||||||
6,155,354 | FNMA | 4.000 | 08/01/46 | 6,707,780 | ||||||||||||
6,133,124 | FNMA | 3.000 | 09/01/46 | 6,449,741 | ||||||||||||
6,990,903 | FNMA | 3.000 | 10/01/46 | 7,351,165 | ||||||||||||
38,047,153 | FNMA | 3.000 | 11/01/46 | 40,196,231 | ||||||||||||
3,636,262 | FNMA | 3.500 | 12/01/46 | 3,875,871 | ||||||||||||
43,986,818 | FNMA | 3.000 | 01/01/47 | 46,073,060 | ||||||||||||
5,377,622 | FNMA | 3.000 | 02/01/47 | 5,685,127 | ||||||||||||
4,583,697 | FNMA | 4.000 | 02/01/47 | 4,962,655 | ||||||||||||
7,573,696 | FNMA | 3.000 | 03/01/47 | 7,965,565 | ||||||||||||
5,394,271 | FNMA | 3.500 | 03/01/47 | 5,741,653 | ||||||||||||
1,388,120 | FNMA | 4.000 | 03/01/47 | 1,502,122 | ||||||||||||
937,060 | FNMA | 4.500 | 03/01/47 | 1,031,086 | ||||||||||||
6,179,920 | FNMA | 3.000 | 04/01/47 | 6,499,752 |
131 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 10,577,328 | FNMA | 3.000 | % | 04/01/47 | $ | 11,135,784 | |||||||||
7,227,175 | FNMA | 3.500 | 04/01/47 | 7,715,663 | ||||||||||||
3,606,376 | FNMA | 3.500 | 05/01/47 | 3,836,596 | ||||||||||||
6,240,689 | FNMA | 3.500 | 07/01/47 | 6,739,926 | ||||||||||||
31,159,564 | FNMA | 4.000 | 07/01/47 | 33,663,307 | ||||||||||||
38,924,367 | FNMA | 3.500 | 11/01/47 | 41,302,207 | ||||||||||||
3,117,558 | FNMA | 4.500 | 11/01/47 | 3,417,824 | ||||||||||||
3,781,954 | FNMA | 3.500 | 01/01/48 | 4,011,780 | ||||||||||||
15,090,186 | FNMA | 4.000 | 01/01/48 | 16,325,795 | ||||||||||||
2,097,145 | FNMA | 3.000 | 02/01/48 | 2,190,276 | ||||||||||||
3,219,741 | FNMA | 3.500 | 02/01/48 | 3,404,747 | ||||||||||||
22,601,191 | FNMA | 3.500 | 04/01/48 | 23,960,903 | ||||||||||||
5,053,230 | FNMA | 4.000 | 04/01/48 | 5,434,688 | ||||||||||||
423,754 | FNMA | 4.500 | 04/01/48 | 464,644 | ||||||||||||
7,082,804 | FNMA | 3.500 | 06/01/48 | 7,503,565 | ||||||||||||
13,539,312 | FNMA | 4.000 | 07/01/48 | 14,532,029 | ||||||||||||
9,467,260 | FNMA | 4.500 | 07/01/48 | 10,313,648 | ||||||||||||
5,147,050 | FNMA | 4.000 | 08/01/48 | 5,529,582 | ||||||||||||
3,844,849 | FNMA | 4.000 | 10/01/48 | 4,123,204 | ||||||||||||
5,759,010 | FNMA | 4.500 | 10/01/48 | 6,267,514 | ||||||||||||
28,982,535 | FNMA | 3.000 | 11/01/48 | 30,399,681 | ||||||||||||
10,308,858 | FNMA | 4.000 | 11/01/48 | 11,051,988 | ||||||||||||
4,091,697 | FNMA | 4.500 | 11/01/48 | 4,465,076 | ||||||||||||
3,833,329 | FNMA | 4.000 | 12/01/48 | 4,113,032 | ||||||||||||
3,548,944 | FNMA | 4.500 | 01/01/49 | 3,857,774 | ||||||||||||
10,223,290 | FNMA | 4.500 | 02/01/49 | 11,130,732 | ||||||||||||
11,220,957 | FNMA | 4.000 | 04/01/49 | 12,036,209 | ||||||||||||
12,500,543 | FNMA | 5.000 | 04/01/49 | 13,828,148 | ||||||||||||
12,671,791 | FNMA | 3.500 | 07/01/49 | 13,380,592 | ||||||||||||
32,298,930 | FNMA | 3.500 | 08/01/49 | 34,632,415 | ||||||||||||
8,077,502 | FNMA | 4.000 | 08/01/49 | 8,665,210 | ||||||||||||
24,175,433 | FNMA | 3.000 | 09/01/49 | 25,175,919 | ||||||||||||
12,199,732 | FNMA | 3.000 | 12/01/49 | 12,716,118 | ||||||||||||
20,524,392 | FNMA | 3.000 | 12/01/49 | 21,718,397 | ||||||||||||
25,105,418 | FNMA | 3.000 | 12/01/49 | 26,146,292 | ||||||||||||
37,887,877 | FNMA | 3.000 | 02/01/50 | 39,992,241 | ||||||||||||
29,621,254 | FNMA | 3.500 | 02/01/50 | 31,279,810 | ||||||||||||
32,422,711 | FNMA | 3.000 | 03/01/50 | 33,774,815 | ||||||||||||
43,131,404 | FNMA | 3.000 | 05/01/50 | 44,935,264 | ||||||||||||
23,919,106 | FNMA | 3.000 | 06/01/50 | 24,918,635 | ||||||||||||
22,101,907 | FNMA | 4.000 | 06/01/50 | 23,707,415 | ||||||||||||
48,741,497 | h | FNMA | 2.500 | 09/01/50 | 50,063,606 | |||||||||||
253,475,064 | FNMA | 2.500 | 10/01/50 | 260,350,550 | ||||||||||||
130,709,661 | FNMA | 2.000 | 11/01/50 | 130,553,821 | ||||||||||||
23,088,294 | FNMA | 2.500 | 11/01/50 | 23,714,561 | ||||||||||||
49,206,806 | FNMA | 1.500 | 12/01/50 | 47,578,584 | ||||||||||||
137,086,552 | FNMA | 2.000 | 12/01/50 | 137,203,668 | ||||||||||||
14,623,912 | FNMA | 2.500 | 12/01/50 | 15,020,585 | ||||||||||||
102,178,947 | FNMA | 2.000 | 01/01/51 | 102,057,911 | ||||||||||||
9,939,552 | FNMA | 1.500 | 02/01/51 | 9,610,153 | ||||||||||||
9,638,261 | FNMA | 2.000 | 02/01/51 | 9,626,770 | ||||||||||||
146,085,352 | FNMA | 2.500 | 02/01/51 | 150,047,902 | ||||||||||||
59,849,257 | FNMA | 1.500 | 03/01/51 | 57,865,840 | ||||||||||||
135,470,366 | FNMA | 2.000 | 03/01/51 | 135,308,850 |
132 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 20,600,000 | h | FNMA | 1.500 | % | 04/01/51 | $ | 19,917,312 | ||||||||
160,000,000 | h | FNMA | 2.000 | 04/01/51 | 159,810,080 | |||||||||||
40,000,000 | h | FNMA | 2.000 | 04/01/51 | 39,952,310 | |||||||||||
39,000,000 | h | FNMA | 2.500 | 04/01/51 | 40,057,871 | |||||||||||
3,250,711 | FNMA | 3.500 | 07/01/55 | 3,469,589 | ||||||||||||
923 | Government National Mortgage Association (GNMA) | 4.500 | 01/20/24 | 984 | ||||||||||||
9,129 | GNMA | 4.000 | 04/15/24 | 9,703 | ||||||||||||
2,045 | GNMA | 4.500 | 07/15/24 | 2,154 | ||||||||||||
29,129 | GNMA | 4.000 | 08/15/24 | 30,962 | ||||||||||||
9,188 | GNMA | 4.500 | 08/15/24 | 9,676 | ||||||||||||
25,414 | GNMA | 4.000 | 09/15/24 | 27,022 | ||||||||||||
5,292 | GNMA | 4.500 | 01/15/25 | 5,573 | ||||||||||||
47,272 | GNMA | 4.000 | 08/15/25 | 50,267 | ||||||||||||
23,219 | GNMA | 3.500 | 03/15/26 | 24,793 | ||||||||||||
25,768 | GNMA | 4.000 | 04/15/26 | 27,405 | ||||||||||||
26,296 | GNMA | 4.000 | 06/20/26 | 28,052 | ||||||||||||
41,791 | GNMA | 3.500 | 11/20/26 | 44,602 | ||||||||||||
212,349 | GNMA | 3.000 | 12/15/26 | 219,892 | ||||||||||||
706,636 | GNMA | 2.500 | 04/20/27 | 728,331 | ||||||||||||
481,835 | GNMA | 2.500 | 09/20/27 | 496,644 | ||||||||||||
314 | GNMA | 6.500 | 09/15/28 | 351 | ||||||||||||
185 | GNMA | 6.500 | 09/15/28 | 207 | ||||||||||||
1,021 | GNMA | 6.500 | 11/15/28 | 1,140 | ||||||||||||
191 | GNMA | 7.500 | 11/15/28 | 192 | ||||||||||||
747,403 | GNMA | 3.500 | 11/20/28 | 799,076 | ||||||||||||
6,215 | GNMA | 8.500 | 10/15/30 | 6,487 | ||||||||||||
2,339 | GNMA | 8.500 | 10/20/30 | 2,749 | ||||||||||||
257 | GNMA | 8.500 | 12/15/30 | 315 | ||||||||||||
343 | GNMA | 7.000 | 06/20/31 | 406 | ||||||||||||
285 | GNMA | 7.000 | 07/15/31 | 285 | ||||||||||||
3,871,245 | GNMA | 3.000 | 08/20/32 | 4,082,447 | ||||||||||||
119,120 | GNMA | 6.000 | 10/15/32 | 142,715 | ||||||||||||
15,654 | GNMA | 5.500 | 12/20/32 | 18,194 | ||||||||||||
32,464 | GNMA | 5.500 | 05/15/33 | 36,117 | ||||||||||||
4,577 | GNMA | 5.000 | 07/15/33 | 5,310 | ||||||||||||
21,216 | GNMA | 5.500 | 07/15/33 | 24,463 | ||||||||||||
4,536 | GNMA | 5.000 | 07/20/33 | 5,170 | ||||||||||||
9,838 | GNMA | 5.000 | 08/15/33 | 11,081 | ||||||||||||
18,969 | GNMA | 5.000 | 08/15/33 | 21,630 | ||||||||||||
82,681 | GNMA | 5.500 | 09/15/33 | 96,287 | ||||||||||||
60,899 | GNMA | 6.000 | 11/20/33 | 71,699 | ||||||||||||
26,288 | GNMA | 5.500 | 05/20/34 | 30,737 | ||||||||||||
40,501 | GNMA | 6.000 | 09/20/34 | 47,789 | ||||||||||||
2,999 | GNMA | 5.000 | 10/20/34 | 3,428 | ||||||||||||
76,268 | GNMA | 5.500 | 11/15/34 | 88,366 | ||||||||||||
39,136 | GNMA | 6.500 | 01/15/35 | 45,694 | ||||||||||||
21,128 | GNMA | 5.500 | 02/20/35 | 24,160 | ||||||||||||
381,054 | GNMA | 5.000 | 03/20/35 | 435,772 | ||||||||||||
115,154 | GNMA | 5.000 | 04/15/35 | 132,994 | ||||||||||||
123,777 | GNMA | 5.500 | 05/20/35 | 144,952 | ||||||||||||
4,384 | GNMA | 5.000 | 09/20/35 | 5,010 | ||||||||||||
2,993 | GNMA | 5.000 | 11/15/35 | 3,487 |
133 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 3,424 | GNMA | 5.000 | % | 11/15/35 | $ | 3,861 | |||||||||
34,455 | GNMA | 5.500 | 02/20/36 | 40,365 | ||||||||||||
4,208 | GNMA | 5.500 | 03/15/36 | 4,961 | ||||||||||||
11,156 | GNMA | 5.500 | 05/20/36 | 12,793 | ||||||||||||
3,769 | GNMA | 6.500 | 06/15/36 | 4,452 | ||||||||||||
104,620 | GNMA | 5.500 | 06/20/36 | 122,644 | ||||||||||||
6,318 | GNMA | 5.000 | 09/15/36 | 7,360 | ||||||||||||
4,093 | GNMA | 6.000 | 09/15/36 | 4,818 | ||||||||||||
10,007 | GNMA | 6.000 | 10/20/36 | 11,781 | ||||||||||||
6,892 | GNMA | 5.000 | 12/15/36 | 8,023 | ||||||||||||
5,972 | GNMA | 6.000 | 01/20/37 | 7,028 | ||||||||||||
101,828 | GNMA | 5.500 | 02/15/37 | 119,569 | ||||||||||||
21,984 | GNMA | 6.000 | 02/20/37 | 26,023 | ||||||||||||
169,037 | GNMA | 6.000 | 04/15/37 | 202,586 | ||||||||||||
3,136 | GNMA | 6.500 | 04/15/37 | 3,502 | ||||||||||||
43,312 | GNMA | 6.000 | 04/20/37 | 48,325 | ||||||||||||
9,677 | GNMA | 6.000 | 06/15/37 | 11,062 | ||||||||||||
11,776 | GNMA | 6.000 | 08/20/37 | 13,859 | ||||||||||||
10,170 | GNMA | 6.500 | 08/20/37 | 12,232 | ||||||||||||
46,189 | GNMA | 6.500 | 11/20/37 | 54,682 | ||||||||||||
11,889 | GNMA | 6.000 | 12/15/37 | 14,103 | ||||||||||||
2,447 | GNMA | 5.000 | 02/20/38 | 2,797 | ||||||||||||
61,355 | GNMA | 5.000 | 04/15/38 | 69,933 | ||||||||||||
2,837 | GNMA | 5.500 | 05/20/38 | 3,218 | ||||||||||||
11,175 | GNMA | 5.500 | 06/15/38 | 13,109 | ||||||||||||
32,408 | GNMA | 6.000 | 06/20/38 | 38,153 | ||||||||||||
30,736 | GNMA | 5.500 | 07/15/38 | 35,754 | ||||||||||||
241,963 | GNMA | 5.000 | 07/20/38 | 271,997 | ||||||||||||
219,023 | GNMA | 5.500 | 07/20/38 | 247,962 | ||||||||||||
6,168 | GNMA | 5.500 | 08/15/38 | 7,223 | ||||||||||||
89,741 | GNMA | 6.000 | 08/15/38 | 107,612 | ||||||||||||
44,535 | GNMA | 6.000 | 08/15/38 | 50,378 | ||||||||||||
22,451 | GNMA | 6.000 | 08/20/38 | 26,571 | ||||||||||||
86,648 | GNMA | 6.000 | 09/20/38 | 99,381 | ||||||||||||
34,927 | GNMA | 5.000 | 10/15/38 | 39,339 | ||||||||||||
8,693 | GNMA | 5.500 | 10/15/38 | 10,180 | ||||||||||||
8,124 | GNMA | 6.500 | 10/20/38 | 8,907 | ||||||||||||
4,468 | GNMA | 6.500 | 10/20/38 | 5,301 | ||||||||||||
1,143 | GNMA | 5.500 | 11/15/38 | 1,339 | ||||||||||||
18,609 | GNMA | 6.500 | 11/20/38 | 22,379 | ||||||||||||
92,140 | GNMA | 6.000 | 12/15/38 | 106,579 | ||||||||||||
2,240 | GNMA | 6.500 | 12/15/38 | 2,640 | ||||||||||||
16,526 | GNMA | 5.000 | 01/15/39 | 19,229 | ||||||||||||
379,995 | GNMA | 4.500 | 01/20/39 | 425,319 | ||||||||||||
45,993 | GNMA | 6.500 | 01/20/39 | 53,644 | ||||||||||||
14,512 | GNMA | 5.000 | 02/15/39 | 16,894 | ||||||||||||
804 | GNMA | 6.000 | 02/15/39 | 904 | ||||||||||||
13,581 | GNMA | 4.500 | 03/15/39 | 15,332 | ||||||||||||
129,532 | GNMA | 4.500 | 03/15/39 | 146,234 | ||||||||||||
4,886 | GNMA | 4.500 | 03/20/39 | 5,479 | ||||||||||||
89,841 | GNMA | 5.500 | 03/20/39 | 105,294 | ||||||||||||
8,712 | GNMA | 4.500 | 04/15/39 | 9,836 | ||||||||||||
158,310 | GNMA | 5.500 | 04/15/39 | 186,626 | ||||||||||||
3,303 | GNMA | 5.000 | 04/20/39 | 3,746 |
134 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 15,155 | GNMA | 4.000 | % | 05/15/39 | $ | 16,641 | |||||||||||
230,080 | GNMA | 4.500 | 05/15/39 | 259,435 | ||||||||||||||
124,549 | GNMA | 5.000 | 05/15/39 | 143,988 | ||||||||||||||
17,090 | GNMA | 4.000 | 05/20/39 | 18,946 | ||||||||||||||
44,537 | GNMA | 4.500 | 05/20/39 | 49,940 | ||||||||||||||
996,191 | GNMA | 5.000 | 05/20/39 | 1,135,016 | ||||||||||||||
6,985 | GNMA | 4.500 | 06/15/39 | 7,888 | ||||||||||||||
640,304 | GNMA | 4.500 | 06/15/39 | 722,003 | ||||||||||||||
893,795 | GNMA | 5.000 | 06/15/39 | 1,040,055 | ||||||||||||||
697,741 | GNMA | 5.000 | 06/15/39 | 809,702 | ||||||||||||||
15,181 | GNMA | 5.000 | 06/15/39 | 17,617 | ||||||||||||||
6,675 | GNMA | 5.000 | 06/15/39 | 7,774 | ||||||||||||||
8,181 | GNMA | 5.000 | 06/15/39 | 9,494 | ||||||||||||||
9,765 | GNMA | 4.000 | 06/20/39 | 10,815 | ||||||||||||||
6,334 | GNMA | 5.000 | 06/20/39 | 7,217 | ||||||||||||||
780,644 | GNMA | 4.000 | 07/15/39 | 857,233 | ||||||||||||||
8,622 | GNMA | 4.500 | 07/15/39 | 9,675 | ||||||||||||||
21,752 | GNMA | 4.500 | 07/15/39 | 24,557 | ||||||||||||||
879,322 | GNMA | 4.500 | 07/15/39 | 998,468 | ||||||||||||||
8,628 | GNMA | 5.000 | 07/15/39 | 9,996 | ||||||||||||||
97,222 | GNMA | 4.500 | 07/20/39 | 109,016 | ||||||||||||||
87,517 | GNMA | 5.000 | 07/20/39 | 98,933 | ||||||||||||||
9,833 | GNMA | 5.500 | 07/20/39 | 11,521 | ||||||||||||||
42,180 | GNMA | 4.000 | 08/15/39 | 46,315 | ||||||||||||||
93,694 | GNMA | 5.000 | 08/15/39 | 108,560 | ||||||||||||||
6,256 | GNMA | 5.500 | 08/15/39 | 7,346 | ||||||||||||||
55,797 | GNMA | 6.000 | 08/15/39 | 62,959 | ||||||||||||||
29,392 | GNMA | 4.000 | 08/20/39 | 32,603 | ||||||||||||||
22,457 | GNMA | 5.000 | 08/20/39 | 25,806 | ||||||||||||||
5,389 | GNMA | 5.000 | 09/15/39 | 6,079 | ||||||||||||||
30,939 | GNMA | 5.000 | 09/20/39 | 35,553 | ||||||||||||||
6,802 | GNMA | 4.500 | 10/15/39 | 7,632 | ||||||||||||||
3,733 | GNMA | 5.000 | 10/15/39 | 4,349 | ||||||||||||||
9,563 | GNMA | 4.500 | 10/20/39 | 10,724 | ||||||||||||||
20,370 | GNMA | 4.500 | 11/15/39 | 22,822 | ||||||||||||||
13,724 | GNMA | 4.500 | 11/20/39 | 15,362 | ||||||||||||||
16,983 | GNMA | 5.000 | 11/20/39 | 19,516 | ||||||||||||||
21,305 | GNMA | 4.500 | 12/15/39 | 23,684 | ||||||||||||||
458,044 | GNMA | 4.500 | 12/15/39 | 517,120 | ||||||||||||||
14,210 | GNMA | 4.500 | 12/20/39 | 15,934 | ||||||||||||||
528,488 | GNMA | 5.000 | 12/20/39 | 607,318 | ||||||||||||||
471,929 | GNMA | 4.500 | 01/20/40 | 528,263 | ||||||||||||||
7,915 | GNMA | 5.500 | 01/20/40 | 9,193 | ||||||||||||||
308,516 | GNMA | 5.500 | 02/15/40 | 363,799 | ||||||||||||||
39,379 | GNMA | 4.000 | 03/15/40 | 43,195 | ||||||||||||||
7,895 | GNMA | 5.000 | 03/15/40 | 9,105 | ||||||||||||||
1,475 | GNMA | 4.500 | 04/15/40 | 1,637 | ||||||||||||||
82,577 | GNMA | 5.000 | 04/15/40 | 95,831 | ||||||||||||||
18,551 | GNMA | 4.500 | 04/20/40 | 20,802 | ||||||||||||||
2,982 | GNMA | 4.500 | 05/15/40 | 3,363 | ||||||||||||||
74,709 | GNMA | 5.000 | 05/15/40 | 86,152 | ||||||||||||||
130,999 | i | GNMA | DGS1 + 1.500% | 2.875 | 05/20/40 | 137,493 | ||||||||||||
3,966 | GNMA | 4.500 | 05/20/40 | 4,439 |
135 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 1,651,766 | GNMA | 4.500 | % | 06/15/40 | $ | 1,859,974 | |||||||||||
6,052 | GNMA | 4.500 | 06/15/40 | 6,797 | ||||||||||||||
4,502 | GNMA | 4.500 | 06/15/40 | 5,069 | ||||||||||||||
95,089 | GNMA | 5.000 | 06/20/40 | 109,274 | ||||||||||||||
171,313 | GNMA | 4.500 | 07/15/40 | 192,404 | ||||||||||||||
51,815 | GNMA | 4.500 | 07/15/40 | 58,499 | ||||||||||||||
665,868 | GNMA | 4.500 | 07/20/40 | 746,667 | ||||||||||||||
19,919 | GNMA | 5.000 | 07/20/40 | 22,891 | ||||||||||||||
136,178 | GNMA | 4.000 | 08/15/40 | 150,780 | ||||||||||||||
637,583 | GNMA | 4.000 | 08/15/40 | 701,803 | ||||||||||||||
61,840 | GNMA | 4.500 | 08/15/40 | 70,251 | ||||||||||||||
49,497 | GNMA | 4.500 | 08/20/40 | 55,406 | ||||||||||||||
42,819 | GNMA | 4.500 | 09/20/40 | 48,024 | ||||||||||||||
15,769 | GNMA | 5.500 | 09/20/40 | 18,470 | ||||||||||||||
13,743 | GNMA | 6.500 | 09/20/40 | 16,303 | ||||||||||||||
20,241 | GNMA | 4.000 | 10/15/40 | 22,411 | ||||||||||||||
39,170 | GNMA | 6.000 | 10/20/40 | 46,081 | ||||||||||||||
245,074 | GNMA | 4.000 | 11/15/40 | 269,984 | ||||||||||||||
571,227 | GNMA | 4.000 | 11/20/40 | 632,592 | ||||||||||||||
130,781 | GNMA | 3.500 | 12/15/40 | 139,844 | ||||||||||||||
234,443 | GNMA | 5.500 | 12/20/40 | 274,649 | ||||||||||||||
720,124 | GNMA | 4.000 | 01/15/41 | 796,912 | ||||||||||||||
1,531,010 | GNMA | 4.000 | 01/20/41 | 1,691,854 | ||||||||||||||
128,098 | GNMA | 4.000 | 02/15/41 | 141,891 | ||||||||||||||
414,153 | GNMA | 4.500 | 02/20/41 | 470,494 | ||||||||||||||
236,607 | GNMA | 4.500 | 03/15/41 | 266,834 | ||||||||||||||
478,645 | GNMA | 4.500 | 04/20/41 | 536,733 | ||||||||||||||
108,932 | GNMA | 5.000 | 04/20/41 | 125,191 | ||||||||||||||
29,874 | i | GNMA | DGS1 + 1.500% | 2.875 | 06/20/41 | 31,273 | ||||||||||||
101,254 | GNMA | 4.000 | 07/15/41 | 110,979 | ||||||||||||||
198,279 | GNMA | 4.000 | 07/20/41 | 220,043 | ||||||||||||||
652,815 | GNMA | 4.500 | 07/20/41 | 732,045 | ||||||||||||||
570,854 | GNMA | 5.000 | 07/20/41 | 656,015 | ||||||||||||||
130,870 | GNMA | 4.500 | 08/15/41 | 147,579 | ||||||||||||||
266,240 | GNMA | 5.000 | 08/20/41 | 306,017 | ||||||||||||||
372,539 | GNMA | 4.000 | 09/15/41 | 411,517 | ||||||||||||||
20,566 | i | GNMA | DGS1 + 1.500% | 2.250 | 09/20/41 | 21,473 | ||||||||||||
900,364 | GNMA | 4.000 | 09/20/41 | 997,321 | ||||||||||||||
58,861 | GNMA | 4.000 | 10/15/41 | 65,173 | ||||||||||||||
40,875 | i | GNMA | DGS1 + 1.500% | 2.125 | 10/20/41 | 42,665 | ||||||||||||
25,653 | i | GNMA | DGS1 + 1.500% | 2.125 | 10/20/41 | 26,788 | ||||||||||||
1,167,235 | GNMA | 4.000 | 10/20/41 | 1,295,357 | ||||||||||||||
156,862 | GNMA | 5.500 | 10/20/41 | 183,762 | ||||||||||||||
349,356 | GNMA | 3.500 | 11/15/41 | 375,371 | ||||||||||||||
793,267 | GNMA | 4.000 | 11/15/41 | 878,343 | ||||||||||||||
1,568,929 | GNMA | 4.500 | 11/20/41 | 1,759,375 | ||||||||||||||
678,740 | GNMA | 5.000 | 11/20/41 | 780,210 | ||||||||||||||
143,254 | GNMA | 6.000 | 11/20/41 | 168,620 | ||||||||||||||
809,421 | GNMA | 3.500 | 01/20/42 | 878,012 | ||||||||||||||
139,604 | i | GNMA | DGS1 + 1.500% | 3.000 | 02/20/42 | 145,570 | ||||||||||||
387,891 | GNMA | 3.500 | 03/20/42 | 420,711 | ||||||||||||||
674,263 | GNMA | 4.500 | 03/20/42 | 756,233 | ||||||||||||||
725,717 | GNMA | 3.500 | 04/15/42 | 781,775 | ||||||||||||||
1,362,425 | GNMA | 3.500 | 05/20/42 | 1,487,762 |
136 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 3,717,969 | GNMA | 3.500 | % | 05/20/42 | $ | 4,039,459 | |||||||||||
850,865 | GNMA | 4.000 | 05/20/42 | 949,736 | ||||||||||||||
1,523,018 | GNMA | 3.500 | 07/15/42 | 1,637,497 | ||||||||||||||
146,436 | i | GNMA | DGS1 + 1.500% | 2.250 | 07/20/42 | 152,503 | ||||||||||||
869,878 | GNMA | 3.500 | 07/20/42 | 945,205 | ||||||||||||||
1,127,999 | GNMA | 3.000 | 08/20/42 | 1,200,761 | ||||||||||||||
1,435,467 | GNMA | 3.500 | 08/20/42 | 1,579,388 | ||||||||||||||
3,653,226 | GNMA | 3.500 | 08/20/42 | 3,969,085 | ||||||||||||||
709,135 | GNMA | 6.000 | 08/20/42 | 835,095 | ||||||||||||||
1,472,889 | GNMA | 3.500 | 10/20/42 | 1,597,480 | ||||||||||||||
1,645,157 | GNMA | 3.000 | 11/20/42 | 1,751,324 | ||||||||||||||
1,501,578 | GNMA | 3.000 | 12/20/42 | 1,595,096 | ||||||||||||||
1,941,810 | GNMA | 3.000 | 12/20/42 | 2,073,084 | ||||||||||||||
1,113,405 | GNMA | 3.000 | 01/15/43 | 1,172,299 | ||||||||||||||
3,323,938 | GNMA | 3.000 | 01/15/43 | 3,689,214 | ||||||||||||||
1,457,051 | GNMA | 3.000 | 01/20/43 | 1,556,213 | ||||||||||||||
2,486,496 | GNMA | 3.000 | 02/20/43 | 2,647,037 | ||||||||||||||
1,753,341 | GNMA | 3.000 | 02/20/43 | 1,857,466 | ||||||||||||||
413,439 | GNMA | 3.000 | 04/15/43 | 434,218 | ||||||||||||||
435,469 | GNMA | 5.000 | 04/20/43 | 500,083 | ||||||||||||||
995,771 | GNMA | 3.000 | 05/20/43 | 1,059,999 | ||||||||||||||
1,528,755 | GNMA | 3.000 | 06/20/43 | 1,627,427 | ||||||||||||||
3,408,854 | GNMA | 3.500 | 06/20/43 | 3,722,219 | ||||||||||||||
3,336,844 | GNMA | 3.000 | 07/20/43 | 3,551,380 | ||||||||||||||
1,578,870 | GNMA | 3.500 | 07/20/43 | 1,715,050 | ||||||||||||||
6,979,366 | GNMA | 4.500 | 08/20/43 | 7,812,094 | ||||||||||||||
2,210,514 | GNMA | 3.500 | 09/20/43 | 2,402,817 | ||||||||||||||
761,503 | GNMA | 4.000 | 09/20/43 | 842,717 | ||||||||||||||
9,381,626 | GNMA | 3.500 | 10/20/43 | 10,174,252 | ||||||||||||||
4,598,380 | GNMA | 4.000 | 10/20/43 | 5,023,487 | ||||||||||||||
403,681 | GNMA | 3.500 | 11/20/43 | 437,787 | ||||||||||||||
816,812 | GNMA | 4.000 | 11/20/43 | 903,637 | ||||||||||||||
770,648 | GNMA | 4.500 | 12/20/43 | 864,139 | ||||||||||||||
810,070 | GNMA | 4.500 | 01/20/44 | 908,300 | ||||||||||||||
997,306 | GNMA | 3.500 | 02/20/44 | 1,083,097 | ||||||||||||||
1,391,913 | GNMA | 4.000 | 02/20/44 | 1,527,946 | ||||||||||||||
1,409,890 | GNMA | 4.000 | 05/20/44 | 1,558,177 | ||||||||||||||
1,456,615 | GNMA | 4.000 | 06/20/44 | 1,603,638 | ||||||||||||||
3,914,584 | GNMA | 3.500 | 07/20/44 | 4,220,321 | ||||||||||||||
11,954,251 | GNMA | 3.500 | 10/20/44 | 12,912,698 | ||||||||||||||
1,134,651 | GNMA | 4.500 | 10/20/44 | 1,272,092 | ||||||||||||||
2,811,735 | GNMA | 3.500 | 11/20/44 | 3,017,335 | ||||||||||||||
3,490,160 | GNMA | 3.000 | 12/20/44 | 3,710,819 | ||||||||||||||
6,130,842 | GNMA | 4.000 | 12/20/44 | 6,782,669 | ||||||||||||||
8,863,118 | GNMA | 3.500 | 02/20/45 | 9,565,451 | ||||||||||||||
4,726,565 | GNMA | 4.000 | 03/20/45 | 5,228,716 | ||||||||||||||
3,695,907 | GNMA | 3.000 | 04/20/45 | 3,919,795 | ||||||||||||||
7,984,842 | GNMA | 3.000 | 06/20/45 | 8,457,775 | ||||||||||||||
17,754,857 | GNMA | 3.000 | 07/20/45 | 18,811,762 | ||||||||||||||
6,313,779 | GNMA | 4.000 | 10/20/45 | 6,918,082 | ||||||||||||||
10,512,188 | GNMA | 4.000 | 11/20/45 | 11,552,213 | ||||||||||||||
4,485,882 | GNMA | 3.000 | 12/20/45 | 4,749,130 | ||||||||||||||
4,182,315 | GNMA | 3.500 | 12/20/45 | 4,481,349 |
137 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 23,065,288 | GNMA | 3.000 | % | 03/20/46 | $ | 24,417,027 | |||||||||
8,211,985 | GNMA | 3.000 | 04/20/46 | 8,673,136 | ||||||||||||
4,861,365 | GNMA | 4.000 | 04/20/46 | 5,333,584 | ||||||||||||
21,844,763 | GNMA | 3.000 | 05/20/46 | 23,136,093 | ||||||||||||
13,779,472 | GNMA | 3.500 | 05/20/46 | 14,803,207 | ||||||||||||
5,001,968 | GNMA | 3.000 | 06/20/46 | 5,300,169 | ||||||||||||
3,130,561 | GNMA | 3.500 | 06/20/46 | 3,343,029 | ||||||||||||
3,803,550 | GNMA | 3.000 | 07/20/46 | 4,016,233 | ||||||||||||
6,652,226 | GNMA | 3.500 | 08/20/46 | 7,121,686 | ||||||||||||
3,711,469 | GNMA | 3.000 | 09/20/46 | 3,913,611 | ||||||||||||
15,370,078 | GNMA | 3.500 | 09/20/46 | 16,436,760 | ||||||||||||
7,187,332 | GNMA | 3.000 | 10/20/46 | 7,570,064 | ||||||||||||
3,838,987 | GNMA | 3.000 | 12/20/46 | 4,053,447 | ||||||||||||
24,165,674 | GNMA | 3.000 | 01/20/47 | 25,409,182 | ||||||||||||
3,032,267 | GNMA | 4.000 | 01/20/47 | 3,289,674 | ||||||||||||
7,201,141 | GNMA | 4.000 | 04/20/47 | 7,787,137 | ||||||||||||
6,955,801 | GNMA | 3.500 | 05/20/47 | 7,421,054 | ||||||||||||
3,617,856 | GNMA | 3.500 | 06/20/47 | 3,847,027 | ||||||||||||
4,311,121 | GNMA | 3.000 | 07/20/47 | 4,555,119 | ||||||||||||
8,826,783 | GNMA | 4.500 | 07/20/47 | 9,640,845 | ||||||||||||
8,030,567 | GNMA | 3.000 | 08/20/47 | 8,474,978 | ||||||||||||
9,642,752 | GNMA | 3.500 | 08/20/47 | 10,268,015 | ||||||||||||
15,867,655 | GNMA | 3.000 | 09/20/47 | 16,776,651 | ||||||||||||
23,117,749 | GNMA | 4.000 | 09/20/47 | 24,942,601 | ||||||||||||
15,798,641 | GNMA | 3.500 | 11/20/47 | 16,847,652 | ||||||||||||
11,795,443 | GNMA | 3.500 | 12/20/47 | 12,553,324 | ||||||||||||
7,685,558 | GNMA | 3.500 | 01/20/48 | 8,185,365 | ||||||||||||
10,739,010 | GNMA | 4.000 | 05/20/48 | 11,545,012 | ||||||||||||
7,931,005 | GNMA | 4.000 | 06/20/48 | 8,533,834 | ||||||||||||
16,435,846 | GNMA | 3.500 | 07/20/48 | 17,504,490 | ||||||||||||
8,156,035 | GNMA | 4.000 | 08/20/48 | 8,770,679 | ||||||||||||
6,365,926 | GNMA | 5.000 | 08/20/48 | 6,965,748 | ||||||||||||
5,557,787 | GNMA | 4.500 | 09/20/48 | 6,049,905 | ||||||||||||
5,256,509 | GNMA | 5.000 | 10/20/48 | 5,758,402 | ||||||||||||
3,995,020 | GNMA | 4.500 | 11/20/48 | 4,329,525 | ||||||||||||
8,706,302 | GNMA | 3.500 | 04/20/49 | 9,190,736 | ||||||||||||
31,740,559 | GNMA | 4.500 | 04/20/49 | 34,346,748 | ||||||||||||
9,908,078 | GNMA | 4.000 | 05/20/49 | 10,601,832 | ||||||||||||
5,647,825 | GNMA | 3.500 | 06/20/49 | 5,961,608 | ||||||||||||
13,466,237 | GNMA | 3.500 | 09/20/49 | 14,211,642 | ||||||||||||
9,987,891 | GNMA | 3.500 | 11/20/49 | 10,557,939 | ||||||||||||
58,472,099 | h | GNMA | 2.500 | 12/20/49 | 60,354,331 | |||||||||||
36,197,252 | GNMA | 3.000 | 02/20/50 | 37,720,344 | ||||||||||||
22,187,448 | GNMA | 3.500 | 02/20/50 | 23,415,011 | ||||||||||||
27,246,043 | GNMA | 3.500 | 04/20/50 | 28,773,390 | ||||||||||||
22,454,474 | GNMA | 3.000 | 05/20/50 | 23,403,244 | ||||||||||||
95,583,995 | GNMA | 3.000 | 08/20/50 | 99,633,101 | ||||||||||||
22,554,271 | GNMA | 3.000 | 09/20/50 | 23,545,525 | ||||||||||||
28,066,783 | GNMA | 2.500 | 10/20/50 | 28,979,315 | ||||||||||||
59,214,183 | GNMA | 2.000 | 11/20/50 | 59,838,691 | ||||||||||||
83,387,625 | GNMA | 2.500 | 12/20/50 | 86,113,265 | ||||||||||||
56,662,650 | GNMA | 2.000 | 01/20/51 | 57,239,007 | ||||||||||||
9,742,281 | GNMA | 2.500 | 01/20/51 | 10,061,260 | ||||||||||||
39,896,672 | GNMA | 2.000 | 02/20/51 | 40,313,479 | ||||||||||||
TOTAL MORTGAGE BACKED | 5,339,117,519 |
138 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
MUNICIPAL BONDS - 0.8% | ||||||||||||||||
$ | 200,000 | Alabama Economic Settlement Authority | 4.263 | % | 09/15/32 | $ | 224,809 | |||||||||
300,000 | American Municipal Power | 7.834 | 02/15/41 | 466,411 | ||||||||||||
495,000 | American Municipal Power | 6.270 | 02/15/50 | 673,491 | ||||||||||||
1,165,000 | American Municipal Power | 8.084 | 02/15/50 | 2,003,444 | ||||||||||||
750,000 | American University | 3.672 | 04/01/49 | 818,414 | ||||||||||||
750,000 | Bay Area Toll Authority | 2.574 | 04/01/31 | 774,876 | ||||||||||||
1,000,000 | Bay Area Toll Authority | 6.918 | 04/01/40 | 1,440,002 | ||||||||||||
2,000,000 | Bay Area Toll Authority | 6.263 | 04/01/49 | 3,090,053 | ||||||||||||
200,000 | California Institute of Technology | 4.321 | 08/01/45 | 244,803 | ||||||||||||
750,000 | California Institute of Technology | 3.650 | 09/01/19 | 759,497 | ||||||||||||
200,000 | California State University | 3.899 | 11/01/47 | 225,451 | ||||||||||||
1,000,000 | California State University | 2.897 | 11/01/51 | 943,854 | ||||||||||||
750,000 | California State University | 2.975 | 11/01/51 | 735,156 | ||||||||||||
720,000 | Central Puget Sound Regional Transit Authority | 5.491 | 11/01/39 | 961,732 | ||||||||||||
460,000 | Chicago Metropolitan Water Reclamation District-Greater Chicago | 5.720 | 12/01/38 | 611,900 | ||||||||||||
2,250,000 | Chicago O’Hare International Airport | 6.395 | 01/01/40 | 3,235,248 | ||||||||||||
200,000 | Chicago O’Hare International Airport | 4.472 | 01/01/49 | 243,857 | ||||||||||||
200,000 | Chicago O’Hare International Airport | 4.572 | 01/01/54 | 247,611 | ||||||||||||
680,000 | City of Atlanta GA Water & Wastewater Revenue | 2.257 | 11/01/35 | 678,532 | ||||||||||||
690,000 | City of Houston TX | 3.961 | 03/01/47 | 781,110 | ||||||||||||
1,000,000 | City of Riverside CA | 3.857 | 06/01/45 | 1,028,151 | ||||||||||||
310,000 | City of San Antonio TX Electric & Gas Systems Revenue | 2.905 | 02/01/48 | 304,637 | ||||||||||||
310,000 | City of San Francisco CA Public Utilities Commission Water Revenue | 3.303 | 11/01/39 | 327,743 | ||||||||||||
880,000 | City of San Francisco CA Public Utilities Commission Water Revenue | 2.825 | 11/01/41 | 886,938 | ||||||||||||
875,000 | City of Tucson AZ | 2.856 | 07/01/47 | 829,816 | ||||||||||||
750,000 | City Public Service Board of San Antonio TX | 5.808 | 02/01/41 | 1,046,266 | ||||||||||||
150,000 | Colorado Bridge Enterprise | 6.078 | 12/01/40 | 204,682 | ||||||||||||
200,000 | Commonwealth Financing Authority | 4.014 | 06/01/33 | 226,557 | ||||||||||||
100,000 | Commonwealth Financing Authority | 3.864 | 06/01/38 | 111,676 | ||||||||||||
100,000 | Commonwealth Financing Authority | 4.144 | 06/01/38 | 113,719 | ||||||||||||
645,000 | Commonwealth Financing Authority | 3.807 | 06/01/41 | 684,658 | ||||||||||||
100,000 | Commonwealth of Massachusetts | 4.200 | 12/01/21 | 102,571 | ||||||||||||
500,000 | Commonwealth of Massachusetts | 5.731 | 06/01/40 | 662,964 | ||||||||||||
1,000,000 | Commonwealth of Massachusetts | 2.514 | 07/01/41 | 990,414 | ||||||||||||
100,000 | Commonwealth of Massachusetts | 3.277 | 06/01/46 | 107,000 | ||||||||||||
750,000 | Commonwealth of Massachusetts | 2.900 | 09/01/49 | 738,044 | ||||||||||||
130,000 | County of Broward FL Airport System Revenue | 3.477 | 10/01/43 | 133,710 | ||||||||||||
200,000 | County of Clark NV | 6.820 | 07/01/45 | 299,523 | ||||||||||||
135,000 | County of Miami-Dade FL Aviation Revenue | 4.280 | 10/01/41 | 145,307 | ||||||||||||
200,000 | County of Miami-Dade FL Water & Sewer System Revenue | 3.490 | 10/01/42 | 205,288 | ||||||||||||
1,000,000 | County of Riverside CA | 3.818 | 02/15/38 | 1,061,437 | ||||||||||||
750,000 | Dallas Area Rapid Transit | 5.022 | 12/01/48 | 1,010,018 | ||||||||||||
250,000 | Dallas/Fort Worth International Airport | 2.994 | 11/01/38 | 253,258 | ||||||||||||
235,000 | Dallas/Fort Worth International Airport | 3.089 | 11/01/40 | 232,361 | ||||||||||||
100,000 | Dallas/Fort Worth International Airport | 3.144 | 11/01/45 | 99,769 | ||||||||||||
210,000 | Dallas/Fort Worth International Airport | 2.919 | 11/01/50 | 199,554 |
139 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 350,000 | Denver City & County School District No. 1 | 4.242 | % | 12/15/37 | $ | 403,462 | |||||||||
200,000 | District of Columbia | 5.591 | 12/01/34 | 255,724 | ||||||||||||
470,000 | District of Columbia Water & Sewer Authority | 3.207 | 10/01/48 | 473,254 | ||||||||||||
445,000 | District of Columbia Water & Sewer Authority | 4.814 | 10/01/14 | 577,390 | ||||||||||||
500,000 | Duke University | 2.682 | 10/01/44 | 487,509 | ||||||||||||
115,000 | Duke University | 3.299 | 10/01/46 | 121,042 | ||||||||||||
500,000 | Duke University | 2.757 | 10/01/50 | 491,451 | ||||||||||||
500,000 | Duke University | 2.832 | 10/01/55 | 484,245 | ||||||||||||
10,000 | Energy Northwest | 2.814 | 07/01/24 | 10,341 | ||||||||||||
1,200,000 | Florida State Board of Administration Finance Corp | 2.638 | 07/01/21 | 1,206,734 | ||||||||||||
360,000 | Foothill-Eastern Transportation Corridor Agency | 4.094 | 01/15/49 | 374,529 | ||||||||||||
300,000 | Foothill-Eastern Transportation Corridor Agency | 3.924 | 01/15/53 | 312,149 | ||||||||||||
300,000 | George Washington University | 4.300 | 09/15/44 | 352,890 | ||||||||||||
200,000 | George Washington University | 4.868 | 09/15/45 | 258,909 | ||||||||||||
375,000 | George Washington University | 4.126 | 09/15/48 | 437,588 | ||||||||||||
100,000 | Georgetown University | 4.315 | 04/01/49 | 118,809 | ||||||||||||
500,000 | Georgetown University | 2.943 | 04/01/50 | 462,035 | ||||||||||||
300,000 | Georgetown University | 5.215 | 10/01/18 | 383,311 | ||||||||||||
1,500,000 | h | Golden State Tobacco Securitization Corp | 3.115 | 06/01/38 | 1,505,242 | |||||||||||
970,000 | Grand Parkway Transportation Corp | 3.236 | 10/01/52 | 975,252 | ||||||||||||
175,000 | Great Lakes Water Authority Sewage Disposal System Revenue | 3.056 | 07/01/39 | 178,163 | ||||||||||||
330,000 | Great Lakes Water Authority Water Supply System Revenue | 3.473 | 07/01/41 | 349,855 | ||||||||||||
200,000 | Health & Educational Facilities Authority of the State of Missouri | 3.651 | 01/15/46 | 217,849 | ||||||||||||
200,000 | Health & Educational Facilities Authority of the State of Missouri | 3.086 | 09/15/51 | 204,776 | ||||||||||||
200,000 | Health & Educational Facilities Authority of the State of Missouri | 3.652 | 08/15/57 | 226,788 | ||||||||||||
500,000 | Illinois State Toll Highway Authority | 6.184 | 01/01/34 | 673,629 | ||||||||||||
770,000 | JobsOhio Beverage System | 2.833 | 01/01/38 | 781,408 | ||||||||||||
1,000,000 | Los Angeles Community College District | 1.606 | 08/01/28 | 992,548 | ||||||||||||
1,000,000 | Los Angeles Community College District | 1.806 | 08/01/30 | 976,204 | ||||||||||||
770,000 | Los Angeles Community College District | 2.106 | 08/01/32 | 756,658 | ||||||||||||
240,000 | Los Angeles Community College District | 6.750 | 08/01/49 | 393,607 | ||||||||||||
350,000 | Los Angeles Department of Water & Power Power System Revenue | 5.716 | 07/01/39 | 481,174 | ||||||||||||
1,500,000 | Los Angeles Department of Water & Power Power System Revenue | 6.574 | 07/01/45 | 2,334,974 | ||||||||||||
1,630,000 | Los Angeles Unified School District | 5.750 | 07/01/34 | 2,155,466 | ||||||||||||
1,000,000 | Maryland Health & Higher Educational Facilities Authority | 3.052 | 07/01/40 | 974,668 | ||||||||||||
1,000,000 | Maryland Health & Higher Educational Facilities Authority | 3.197 | 07/01/50 | 964,670 | ||||||||||||
1,000,000 | Massachusetts School Building Authority | 1.753 | 08/15/30 | 986,559 | ||||||||||||
100,000 | Massachusetts School Building Authority | 5.715 | 08/15/39 | 135,660 | ||||||||||||
500,000 | Massachusetts School Building Authority | 3.395 | 10/15/40 | 524,770 | ||||||||||||
100,000 | Metropolitan Government of Nashville & Davidson County Convention Center Authority | 6.731 | 07/01/43 | 142,451 | ||||||||||||
200,000 | Metropolitan Government of Nashville & Davidson County Health & Educational Facilities | 4.053 | 07/01/26 | 221,412 | ||||||||||||
940,000 | Metropolitan Transportation Authority | 6.648 | 11/15/39 | 1,272,759 | ||||||||||||
1,150,000 | Metropolitan Transportation Authority | 7.336 | 11/15/39 | 1,801,670 |
140 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 335,000 | Metropolitan Transportation Authority | 5.175 | % | 11/15/49 | $ | 414,962 | |||||||||
350,000 | Michigan Finance Authority | 3.384 | 12/01/40 | 369,513 | ||||||||||||
570,000 | Michigan State Building Authority | 2.705 | 10/15/40 | 554,285 | ||||||||||||
235,000 | Michigan State University | 4.496 | 08/15/48 | 261,311 | ||||||||||||
500,000 | Missouri Highway & Transportation Commission | 5.445 | 05/01/33 | 628,855 | ||||||||||||
247,000 | Municipal Electric Authority of Georgia | 6.637 | 04/01/57 | 353,334 | ||||||||||||
491,000 | Municipal Electric Authority of Georgia | 6.655 | 04/01/57 | 707,719 | ||||||||||||
947,000 | New Jersey Economic Development Authority | 7.425 | 02/15/29 | 1,211,367 | ||||||||||||
1,335,000 | New Jersey State Turnpike Authority | 7.414 | 01/01/40 | 2,097,476 | ||||||||||||
1,000,000 | New Jersey State Turnpike Authority | 7.102 | 01/01/41 | 1,530,982 | ||||||||||||
800,000 | New Jersey Transportation Trust Fund Authority | 5.754 | 12/15/28 | 952,778 | ||||||||||||
500,000 | New Jersey Transportation Trust Fund Authority | 4.081 | 06/15/39 | 525,584 | ||||||||||||
195,000 | New Jersey Transportation Trust Fund Authority | 4.131 | 06/15/42 | 203,736 | ||||||||||||
2,385,000 | New York City Municipal Water Finance Authority | 5.440 | 06/15/43 | 3,272,343 | ||||||||||||
1,000,000 | New York City Transitional Finance Authority Future Tax Secured Revenue | 5.767 | 08/01/36 | 1,255,818 | ||||||||||||
130,000 | New York State Dormitory Authority | 5.628 | 03/15/39 | 162,777 | ||||||||||||
545,000 | New York State Dormitory Authority | 5.600 | 03/15/40 | 717,595 | ||||||||||||
500,000 | New York State Dormitory Authority | 3.142 | 07/01/43 | 482,242 | ||||||||||||
200,000 | New York State Dormitory Authority | 4.946 | 08/01/48 | 223,273 | ||||||||||||
500,000 | New York State Thruway Authority | 2.900 | 01/01/35 | 517,982 | ||||||||||||
110,000 | New York State Thruway Authority | 3.500 | 01/01/42 | 112,874 | ||||||||||||
1,000,000 | New York State Urban Development Corp | 3.900 | 03/15/33 | 1,098,642 | ||||||||||||
1,000,000 | North Texas Tollway Authority | 6.718 | 01/01/49 | 1,585,341 | ||||||||||||
675,000 | Ohio State Water Development Authority | 4.879 | 12/01/34 | 795,327 | ||||||||||||
605,000 | Ohio Turnpike & Infrastructure Commission | 3.216 | 02/15/48 | 606,105 | ||||||||||||
750,000 | Oregon School Boards Association | 4.759 | 06/30/28 | 845,138 | ||||||||||||
250,000 | Oregon School Boards Association | 5.680 | 06/30/28 | 300,289 | ||||||||||||
1,000,000 | Oregon State University | 3.424 | 03/01/60 | 1,003,622 | ||||||||||||
500,000 | Pennsylvania State University | 2.790 | 09/01/43 | 499,207 | ||||||||||||
205,000 | Pennsylvania State University | 2.840 | 09/01/50 | 197,350 | ||||||||||||
300,000 | Permanent University Fund-Texas A&M University System | 3.660 | 07/01/47 | 326,320 | ||||||||||||
200,000 | Permanent University Fund-University of Texas System | 3.376 | 07/01/47 | 219,882 | ||||||||||||
560,000 | Port Authority of New York & New Jersey | 1.086 | 07/01/23 | 568,340 | ||||||||||||
1,215,000 | Port Authority of New York & New Jersey | 6.040 | 12/01/29 | 1,583,067 | ||||||||||||
500,000 | Port Authority of New York & New Jersey | 5.647 | 11/01/40 | 673,745 | ||||||||||||
300,000 | Port Authority of New York & New Jersey | 4.823 | 06/01/45 | 337,628 | ||||||||||||
1,000,000 | Port Authority of New York & New Jersey | 5.310 | 08/01/46 | 1,130,497 | ||||||||||||
200,000 | Port Authority of New York & New Jersey | 4.031 | 09/01/48 | 228,087 | ||||||||||||
400,000 | Port Authority of New York & New Jersey | 4.229 | 10/15/57 | 473,000 | ||||||||||||
1,600,000 | Port Authority of New York & New Jersey | 3.175 | 07/15/60 | 1,515,078 | ||||||||||||
2,200,000 | Port Authority of New York & New Jersey | 4.810 | 10/15/65 | 2,834,325 | ||||||||||||
250,000 | Port Authority of New York & New Jersey | 3.287 | 08/01/69 | 243,636 | ||||||||||||
1,000,000 | Port of Morrow OR | 2.543 | 09/01/40 | 956,429 | ||||||||||||
220,000 | Princeton University | 5.700 | 03/01/39 | 310,650 | ||||||||||||
750,000 | Regents of the University of California Medical Center Pooled Revenue | 3.006 | 05/15/50 | 720,377 | ||||||||||||
750,000 | Regents of the University of California Medical Center Pooled Revenue | 3.256 | 05/15/60 | 748,287 | ||||||||||||
750,000 | Regents of the University of California Medical Center Pooled Revenue | 3.706 | 05/15/20 | 719,583 |
141 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 500,000 | Rutgers The State University of New Jersey | 3.270 | % | 05/01/43 | $ | 518,894 | |||||||||
500,000 | Rutgers The State University of New Jersey | 3.915 | 05/01/19 | 515,226 | ||||||||||||
200,000 | Sales Tax Securitization Corp | 4.637 | 01/01/40 | 239,678 | ||||||||||||
200,000 | Sales Tax Securitization Corp | 3.587 | 01/01/43 | 211,256 | ||||||||||||
1,000,000 | Sales Tax Securitization Corp | 3.820 | 01/01/48 | 1,058,301 | ||||||||||||
200,000 | Sales Tax Securitization Corp | 4.787 | 01/01/48 | 244,241 | ||||||||||||
100,000 | Salt River Project Agricultural Improvement & Power District | 4.839 | 01/01/41 | 127,428 | ||||||||||||
435,000 | San Diego County Regional Transportation Commission | 3.248 | 04/01/48 | 446,131 | ||||||||||||
500,000 | San Diego County Water Authority | 6.138 | 05/01/49 | 724,336 | ||||||||||||
100,000 | San Jose Redevelopment Agency | 3.375 | 08/01/34 | 106,792 | ||||||||||||
800,000 | Santa Clara Valley Transportation Authority | 5.876 | 04/01/32 | 988,170 | ||||||||||||
270,000 | South Carolina Public Service Authority | 2.388 | 12/01/23 | 283,239 | ||||||||||||
750,000 | State Board of Administration Finance Corp | 1.258 | 07/01/25 | 756,957 | ||||||||||||
750,000 | State Board of Administration Finance Corp | 1.705 | 07/01/27 | 752,756 | ||||||||||||
400,000 | State Board of Administration Finance Corp | 2.154 | 07/01/30 | 399,674 | ||||||||||||
300,000 | State of California | 2.800 | 04/01/21 | 300,000 | ||||||||||||
645,000 | State of California | 5.700 | 11/01/21 | 665,512 | ||||||||||||
200,000 | State of California | 3.375 | 04/01/25 | 220,192 | ||||||||||||
200,000 | State of California | 3.500 | 04/01/28 | 223,129 | ||||||||||||
300,000 | State of California | 4.500 | 04/01/33 | 347,721 | ||||||||||||
250,000 | State of California | 7.500 | 04/01/34 | 388,085 | ||||||||||||
225,000 | State of California | 4.600 | 04/01/38 | 259,860 | ||||||||||||
1,285,000 | State of California | 7.550 | 04/01/39 | 2,075,852 | ||||||||||||
3,400,000 | State of California | 7.300 | 10/01/39 | 5,183,578 | ||||||||||||
2,740,000 | State of California | 7.625 | 03/01/40 | 4,394,055 | ||||||||||||
1,500,000 | State of California | 7.600 | 11/01/40 | 2,490,704 | ||||||||||||
200,000 | State of California Department of Water Resources Power Supply Revenue | 2.000 | 05/01/22 | 203,916 | ||||||||||||
620,000 | State of Connecticut | 5.850 | 03/15/32 | 823,088 | ||||||||||||
5,950,000 | State of Illinois | 5.100 | 06/01/33 | 6,698,885 | ||||||||||||
1,295,000 | State of Illinois | 6.725 | 04/01/35 | 1,562,879 | ||||||||||||
500,000 | State of Kansas Department of Transportation | 4.596 | 09/01/35 | 601,190 | ||||||||||||
160,836 | State of Oregon | 5.762 | 06/01/23 | 171,780 | ||||||||||||
85,000 | State of Oregon | 5.892 | 06/01/27 | 103,743 | ||||||||||||
100,000 | State of Oregon Department of Transportation | 5.834 | 11/15/34 | 134,947 | ||||||||||||
600,000 | State of Texas | 4.631 | 04/01/33 | 726,629 | ||||||||||||
50,000 | State of Texas | 5.517 | 04/01/39 | 69,845 | ||||||||||||
1,000,000 | State of Texas | 4.681 | 04/01/40 | 1,287,639 | ||||||||||||
500,000 | State of Utah | 3.539 | 07/01/25 | 537,640 | ||||||||||||
200,000 | State of Washington | 5.090 | 08/01/33 | 248,037 | ||||||||||||
200,000 | State of Wisconsin | 3.154 | 05/01/27 | 219,567 | ||||||||||||
200,000 | State of Wisconsin | 3.954 | 05/01/36 | 221,570 | ||||||||||||
604,000 | State Public School Building Authority | 5.000 | 09/15/27 | 714,356 | ||||||||||||
100,000 | Sumter Landing Community Development District | 4.172 | 10/01/47 | 107,735 | ||||||||||||
430,000 | Texas Private Activity Bond Surface Transportation Corp | 3.922 | 12/31/49 | 453,354 | ||||||||||||
1,000,000 | Texas Transportation Commission | 2.562 | 04/01/42 | 976,709 | ||||||||||||
1,000,000 | Texas Transportation Commission | 2.472 | 10/01/44 | 944,947 | ||||||||||||
575,000 | Texas Transportation Commission State Highway Fund | 5.028 | 04/01/26 | 648,916 | ||||||||||||
1,190,000 | Texas Transportation Commission State Highway Fund | 5.178 | 04/01/30 | 1,451,203 |
142 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 560,000 | Texas Transportation Commission State Highway Fund | 4.000 | % | 10/01/33 | $ | 667,689 | |||||||||
100,000 | The Ohio State University | 4.910 | 06/01/40 | 129,435 | ||||||||||||
500,000 | The Ohio State University | 3.798 | 12/01/46 | 568,468 | ||||||||||||
200,000 | The Ohio State University | 4.048 | 12/01/56 | 239,450 | ||||||||||||
1,000,000 | Trustees of the University of Pennsylvania | 2.396 | 10/01/50 | 897,580 | ||||||||||||
100,000 | Trustees of the University of Pennsylvania | 4.674 | 09/01/12 | 126,902 | ||||||||||||
500,000 | Trustees of the University of Pennsylvania | 3.610 | 02/15/19 | 493,783 | ||||||||||||
1,000,000 | University of California | 0.883 | 05/15/25 | 1,000,296 | ||||||||||||
200,000 | University of California | 3.063 | 07/01/25 | 217,539 | ||||||||||||
1,000,000 | University of California | 1.316 | 05/15/27 | 990,814 | ||||||||||||
500,000 | University of California | 3.349 | 07/01/29 | 551,972 | ||||||||||||
1,000,000 | University of California | 1.614 | 05/15/30 | 954,042 | ||||||||||||
200,000 | University of California | 5.770 | 05/15/43 | 270,427 | ||||||||||||
200,000 | University of California | 3.931 | 05/15/45 | 218,896 | ||||||||||||
200,000 | University of California | 4.131 | 05/15/45 | 226,589 | ||||||||||||
1,500,000 | University of California | 5.946 | 05/15/45 | 2,037,945 | ||||||||||||
1,500,000 | University of California | 3.071 | 05/15/51 | 1,469,498 | ||||||||||||
860,000 | University of California | 4.858 | 05/15/12 | 1,087,222 | ||||||||||||
200,000 | University of California | 4.767 | 05/15/15 | 248,396 | ||||||||||||
500,000 | University of Chicago | 2.761 | 04/01/45 | 481,067 | ||||||||||||
300,000 | University of Chicago | 4.003 | 10/01/53 | 346,710 | ||||||||||||
750,000 | University of Michigan | 2.437 | 04/01/40 | 721,849 | ||||||||||||
500,000 | University of Michigan | 2.562 | 04/01/50 | 474,021 | ||||||||||||
500,000 | University of Nebraska Facilities Corp | 3.037 | 10/01/49 | 501,874 | ||||||||||||
200,000 | University of Notre Dame du Lac | 3.438 | 02/15/45 | 218,374 | ||||||||||||
200,000 | University of Notre Dame du Lac | 3.394 | 02/15/48 | 217,970 | ||||||||||||
300,000 | University of Southern California | 3.028 | 10/01/39 | 318,430 | ||||||||||||
200,000 | University of Southern California | 3.841 | 10/01/47 | 231,021 | ||||||||||||
500,000 | University of Southern California | 2.805 | 10/01/50 | 481,708 | ||||||||||||
200,000 | University of Southern California | 5.250 | 10/01/11 | 280,534 | ||||||||||||
200,000 | University of Texas System | 3.852 | 08/15/46 | 235,818 | ||||||||||||
700,000 | University of Texas System | 4.794 | 08/15/46 | 891,438 | ||||||||||||
750,000 | University of Texas System | 2.439 | 08/15/49 | 687,580 | ||||||||||||
1,000,000 | University of Virginia | 2.256 | 09/01/50 | 875,669 | ||||||||||||
500,000 | University of Virginia | 3.227 | 09/01/19 | 433,619 | ||||||||||||
150,000 | Virginia Commonwealth Transportation Board | 5.350 | 05/15/35 | 181,090 | ||||||||||||
750,000 | Westchester County Local Development Corp | 3.846 | 11/01/50 | 768,097 | ||||||||||||
200,000 | William Marsh Rice University | 3.574 | 05/15/45 | 221,881 | ||||||||||||
200,000 | William Marsh Rice University | 3.774 | 05/15/55 | 234,044 | ||||||||||||
TOTAL MUNICIPAL BONDS | 159,712,733 | |||||||||||||||
U.S. TREASURY SECURITIES - 36.6% | ||||||||||||||||
21,250,000 | United States Treasury Bond | 4.500 | 02/15/36 | 28,111,426 | ||||||||||||
22,400,000 | United States Treasury Bond | 5.000 | 05/15/37 | 31,451,875 | ||||||||||||
179,483,000 | United States Treasury Bond | 3.500 | 02/15/39 | 215,218,345 | ||||||||||||
2,000,000 | United States Treasury Bond | 4.500 | 08/15/39 | 2,708,437 | ||||||||||||
44,850,000 | United States Treasury Bond | 4.375 | 11/15/39 | 59,944,828 | ||||||||||||
17,585,000 | United States Treasury Bond | 3.875 | 08/15/40 | 22,172,212 | ||||||||||||
11,185,000 | United States Treasury Bond | 4.250 | 11/15/40 | 14,798,279 | ||||||||||||
26,350,000 | United States Treasury Bond | 4.375 | 05/15/41 | 35,492,215 | ||||||||||||
10,000,000 | United States Treasury Bond | 3.750 | 08/15/41 | 12,436,328 |
143 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 48,300,000 | United States Treasury Bond | 3.125 | % | 11/15/41 | $ | 55,007,285 | |||||||||
18,550,000 | United States Treasury Bond | 3.125 | 02/15/42 | 21,142,652 | ||||||||||||
22,000,000 | United States Treasury Bond | 3.000 | 05/15/42 | 24,568,672 | ||||||||||||
20,000,000 | United States Treasury Bond | 2.750 | 08/15/42 | 21,453,125 | ||||||||||||
10,250,000 | United States Treasury Bond | 2.875 | 05/15/43 | 11,212,939 | ||||||||||||
16,000,000 | United States Treasury Bond | 2.500 | 02/15/45 | 16,333,750 | ||||||||||||
22,000,000 | United States Treasury Bond | 3.000 | 05/15/45 | 24,523,125 | ||||||||||||
16,000,000 | United States Treasury Bond | 2.875 | 08/15/45 | 17,470,000 | ||||||||||||
27,000,000 | United States Treasury Bond | 2.500 | 05/15/46 | 27,514,687 | ||||||||||||
13,300,000 | United States Treasury Bond | 2.875 | 11/15/46 | 14,531,289 | ||||||||||||
28,000,000 | United States Treasury Bond | 3.000 | 02/15/47 | 31,338,125 | ||||||||||||
30,000,000 | United States Treasury Bond | 2.750 | 08/15/47 | 32,064,844 | ||||||||||||
45,000,000 | United States Treasury Bond | 2.750 | 11/15/47 | 48,113,086 | ||||||||||||
38,500,000 | United States Treasury Bond | 3.000 | 02/15/48 | 43,157,598 | ||||||||||||
48,500,000 | United States Treasury Bond | 3.125 | 05/15/48 | 55,619,649 | ||||||||||||
35,500,000 | United States Treasury Bond | 3.000 | 08/15/48 | 39,837,656 | ||||||||||||
35,000,000 | United States Treasury Bond | 3.375 | 11/15/48 | 42,034,180 | ||||||||||||
82,500,000 | United States Treasury Bond | 3.000 | 02/15/49 | 92,683,594 | ||||||||||||
10,500,000 | United States Treasury Bond | 2.875 | 05/15/49 | 11,530,312 | ||||||||||||
7,500,000 | United States Treasury Bond | 2.250 | 08/15/49 | 7,252,441 | ||||||||||||
8,615,000 | United States Treasury Bond | 2.375 | 11/15/49 | 8,558,801 | ||||||||||||
379,100 | United States Treasury Note | 8.000 | 11/15/21 | 397,788 | ||||||||||||
6,000,000 | United States Treasury Note | 2.500 | 01/15/22 | 6,115,313 | ||||||||||||
15,000,000 | United States Treasury Note | 1.750 | 02/28/22 | 15,227,344 | ||||||||||||
60,000,000 | United States Treasury Note | 2.375 | 03/15/22 | 61,317,187 | ||||||||||||
51,000,000 | United States Treasury Note | 1.875 | 03/31/22 | 51,912,422 | ||||||||||||
35,000,000 | United States Treasury Note | 2.250 | 04/15/22 | 35,787,500 | ||||||||||||
72,000,000 | United States Treasury Note | 1.875 | 04/30/22 | 73,380,938 | ||||||||||||
25,000,000 | United States Treasury Note | 2.125 | 05/15/22 | 25,566,406 | ||||||||||||
40,000,000 | United States Treasury Note | 0.125 | 05/31/22 | 40,010,938 | ||||||||||||
20,000,000 | United States Treasury Note | 0.125 | 06/30/22 | 20,004,688 | ||||||||||||
30,000,000 | United States Treasury Note | 1.750 | 06/30/22 | 30,611,719 | ||||||||||||
38,000,000 | United States Treasury Note | 1.875 | 07/31/22 | 38,889,141 | ||||||||||||
25,000,000 | United States Treasury Note | 1.625 | 08/31/22 | 25,529,297 | ||||||||||||
35,000,000 | United States Treasury Note | 1.875 | 09/30/22 | 35,911,914 | ||||||||||||
5,000,000 | United States Treasury Note | 1.375 | 10/15/22 | 5,094,727 | ||||||||||||
65,000,000 | United States Treasury Note | 2.000 | 10/31/22 | 66,906,836 | ||||||||||||
31,750,000 | United States Treasury Note | 1.625 | 11/15/22 | 32,510,264 | ||||||||||||
20,000,000 | United States Treasury Note | 0.125 | 11/30/22 | 19,996,094 | ||||||||||||
68,000,000 | United States Treasury Note | 2.000 | 11/30/22 | 70,095,781 | ||||||||||||
15,000,000 | United States Treasury Note | 1.625 | 12/15/22 | 15,378,516 | ||||||||||||
60,000,000 | United States Treasury Note | 2.625 | 02/28/23 | 62,814,844 | ||||||||||||
80,000,000 | United States Treasury Note | 2.500 | 03/31/23 | 83,728,125 | ||||||||||||
15,000,000 | United States Treasury Note | 0.250 | 04/15/23 | 15,021,680 | ||||||||||||
30,000,000 | United States Treasury Note | 2.750 | 04/30/23 | 31,593,750 | ||||||||||||
80,000,000 | United States Treasury Note | 2.750 | 05/31/23 | 84,412,500 | ||||||||||||
91,500,000 | United States Treasury Note | 2.625 | 06/30/23 | 96,482,460 | ||||||||||||
80,000,000 | United States Treasury Note | 2.750 | 07/31/23 | 84,712,500 | ||||||||||||
116,000,000 | United States Treasury Note | 2.750 | 08/31/23 | 123,032,500 | ||||||||||||
35,000,000 | United States Treasury Note | 2.875 | 09/30/23 | 37,292,773 | ||||||||||||
13,000,000 | United States Treasury Note | 2.750 | 11/15/23 | 13,843,984 | ||||||||||||
10,000,000 | United States Treasury Note | 2.125 | 11/30/23 | 10,492,969 | ||||||||||||
65,000,000 | United States Treasury Note | 2.875 | 11/30/23 | 69,478,906 | ||||||||||||
10,000,000 | United States Treasury Note | 2.250 | 12/31/23 | 10,533,594 |
144 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 55,000,000 | United States Treasury Note | 2.625 | % | 12/31/23 | $ | 58,504,102 | |||||||||
129,300,000 | United States Treasury Note | 2.500 | 01/31/24 | 137,249,930 | ||||||||||||
70,000,000 | United States Treasury Note | 2.375 | 02/29/24 | 74,137,109 | ||||||||||||
325,000,000 | United States Treasury Note | 2.125 | 03/31/24 | 342,113,281 | ||||||||||||
174,000,000 | United States Treasury Note | 2.250 | 04/30/24 | 183,957,421 | ||||||||||||
111,500,000 | United States Treasury Note | 2.000 | 05/31/24 | 117,088,067 | ||||||||||||
152,000,000 | United States Treasury Note | 1.750 | 06/30/24 | 158,483,750 | ||||||||||||
212,000,000 | United States Treasury Note | 1.750 | 07/31/24 | 221,134,219 | ||||||||||||
22,000,000 | United States Treasury Note | 1.250 | 08/31/24 | 22,571,484 | ||||||||||||
81,000,000 | United States Treasury Note | 1.500 | 09/30/24 | 83,790,703 | ||||||||||||
90,500,000 | United States Treasury Note | 1.500 | 10/31/24 | 93,596,797 | ||||||||||||
40,005,000 | United States Treasury Note | 2.250 | 11/15/24 | 42,453,744 | ||||||||||||
61,900,000 | United States Treasury Note | 1.500 | 11/30/24 | 64,003,633 | ||||||||||||
75,000,000 | United States Treasury Note | 1.750 | 12/31/24 | 78,240,234 | ||||||||||||
40,000,000 | United States Treasury Note | 2.250 | 12/31/24 | 42,498,438 | ||||||||||||
13,000,000 | United States Treasury Note | 1.375 | 01/31/25 | 13,375,781 | ||||||||||||
40,000,000 | United States Treasury Note | 1.125 | 02/28/25 | 40,753,125 | ||||||||||||
73,000,000 | United States Treasury Note | 0.500 | 03/31/25 | 72,535,195 | ||||||||||||
8,000,000 | United States Treasury Note | 2.625 | 03/31/25 | 8,624,688 | ||||||||||||
50,000,000 | United States Treasury Note | 0.375 | 04/30/25 | 49,373,047 | ||||||||||||
134,000,000 | United States Treasury Note | 0.250 | 06/30/25 | 131,288,593 | ||||||||||||
110,000,000 | United States Treasury Note | 0.250 | 07/31/25 | 107,602,343 | ||||||||||||
54,000,000 | United States Treasury Note | 0.250 | 08/31/25 | 52,742,813 | ||||||||||||
20,000,000 | United States Treasury Note | 2.750 | 08/31/25 | 21,723,438 | ||||||||||||
50,000,000 | United States Treasury Note | 0.250 | 09/30/25 | 48,767,578 | ||||||||||||
30,000,000 | United States Treasury Note | 3.000 | 09/30/25 | 32,935,547 | ||||||||||||
97,000,000 | United States Treasury Note | 0.250 | 10/31/25 | 94,449,961 | ||||||||||||
30,000,000 | United States Treasury Note | 2.250 | 11/15/25 | 31,946,484 | ||||||||||||
275,000,000 | United States Treasury Note | 0.375 | 11/30/25 | 268,995,117 | ||||||||||||
50,000,000 | United States Treasury Note | 0.375 | 12/31/25 | 48,830,078 | ||||||||||||
126,000,000 | United States Treasury Note | 0.375 | 01/31/26 | 122,879,532 | ||||||||||||
157,000,000 | United States Treasury Note | 0.500 | 02/28/26 | 153,933,594 | ||||||||||||
110,000,000 | United States Treasury Note | 0.750 | 03/31/26 | 109,046,093 | ||||||||||||
50,000,000 | United States Treasury Note | 2.250 | 03/31/26 | 53,230,469 | ||||||||||||
30,000,000 | United States Treasury Note | 1.625 | 05/15/26 | 30,983,203 | ||||||||||||
71,000,000 | United States Treasury Note | 1.625 | 09/30/26 | 73,135,547 | ||||||||||||
10,000,000 | United States Treasury Note | 1.625 | 10/31/26 | 10,290,234 | ||||||||||||
89,500,000 | United States Treasury Note | 1.750 | 12/31/26 | 92,625,508 | ||||||||||||
5,000,000 | United States Treasury Note | 0.500 | 06/30/27 | 4,771,680 | ||||||||||||
46,000,000 | United States Treasury Note | 2.250 | 08/15/27 | 48,754,609 | ||||||||||||
75,000,000 | United States Treasury Note | 0.625 | 11/30/27 | 71,519,531 | ||||||||||||
48,800,000 | United States Treasury Note | 2.750 | 02/15/28 | 53,228,219 | ||||||||||||
66,000,000 | United States Treasury Note | 2.875 | 05/15/28 | 72,551,015 | ||||||||||||
85,000,000 | United States Treasury Note | 3.125 | 11/15/28 | 95,057,226 | ||||||||||||
50,000,000 | United States Treasury Note | 2.625 | 02/15/29 | 54,082,031 | ||||||||||||
92,000,000 | United States Treasury Note | 2.375 | 05/15/29 | 97,764,375 | ||||||||||||
22,000,000 | United States Treasury Note | 1.625 | 08/15/29 | 22,078,203 | ||||||||||||
117,000,000 | United States Treasury Note | 1.500 | 02/15/30 | 115,560,351 | ||||||||||||
50,000,000 | United States Treasury Note | 0.625 | 05/15/30 | 45,500,000 | ||||||||||||
37,000,000 | United States Treasury Note | 0.625 | 08/15/30 | 33,531,250 | ||||||||||||
84,000,000 | United States Treasury Note | 0.875 | 11/15/30 | 77,686,875 | ||||||||||||
85,000,000 | e | United States Treasury Note | 1.125 | 02/15/31 | 80,311,719 | |||||||||||
57,000,000 | United States Treasury Note | 1.000 | 05/15/40 | 46,508,437 |
145 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 32,500,000 | United States Treasury Note | 1.125 | % | 08/15/40 | $ | 26,426,562 | |||||||||
147,500,000 | United States Treasury Note | 1.375 | 11/15/40 | 125,467,187 | ||||||||||||
62,000,000 | United States Treasury Note | 1.875 | 02/15/41 | 57,727,813 | ||||||||||||
35,850,000 | United States Treasury Note | 1.250 | 05/15/50 | 27,054,147 | ||||||||||||
28,000,000 | United States Treasury Note | 1.375 | 08/15/50 | 21,848,750 | ||||||||||||
83,500,000 | United States Treasury Note | 1.625 | 11/15/50 | 69,578,984 | ||||||||||||
47,000,000 | United States Treasury Note | 1.875 | 02/15/51 | 41,712,500 | ||||||||||||
TOTAL U.S. TREASURY SECURITIES | 7,140,979,497 | |||||||||||||||
TOTAL GOVERNMENT BONDS | 13,641,885,085 | |||||||||||||||
(Cost $13,384,732,230) | ||||||||||||||||
STRUCTURED ASSETS - 2.7% | ||||||||||||||||
ASSET BACKED - 0.6% | ||||||||||||||||
152,634 | American Airlines Pass Through Trust | 3.600 | 09/22/27 | 153,675 | ||||||||||||
Series - 2015 2 (Class AA) | ||||||||||||||||
157,124 | American Airlines Pass Through Trust | 3.575 | 01/15/28 | 159,083 | ||||||||||||
Series - 2016 1 (Class AA) | ||||||||||||||||
465,463 | American Airlines Pass Through Trust | 3.200 | 06/15/28 | 463,546 | ||||||||||||
Series - 2016 2 (Class AA) | ||||||||||||||||
241,500 | American Airlines Pass Through Trust | 3.650 | 02/15/29 | 243,408 | ||||||||||||
Series - 2017 1 (Class AA) | ||||||||||||||||
709,395 | American Airlines Pass Through Trust | 3.150 | 02/15/32 | 706,039 | ||||||||||||
Series - 2019 1 (Class ) | ||||||||||||||||
3,000,000 | American Express Credit Account Master Trust | 2.870 | 10/15/24 | 3,076,181 | ||||||||||||
Series - 2019 1 (Class A) | ||||||||||||||||
4,250,000 | American Express Credit Account Master Trust | 2.670 | 11/15/24 | 4,357,397 | ||||||||||||
Series - 2019 2 (Class A) | ||||||||||||||||
1,325,000 | AmeriCredit Automobile Receivables Trust | 2.600 | 09/18/23 | 1,342,842 | ||||||||||||
Series - 2017 4 (Class C) | ||||||||||||||||
664,001 | AmeriCredit Automobile Receivables Trust | 2.970 | 11/20/23 | 670,923 | ||||||||||||
Series - 2019 1 (Class A3) | ||||||||||||||||
1,000,000 | AmeriCredit Automobile Receivables Trust | 1.110 | 08/19/24 | 1,007,918 | ||||||||||||
Series - 2020 1 (Class A3) | ||||||||||||||||
500,000 | AmeriCredit Automobile Receivables Trust | 1.480 | 01/21/25 | 508,168 | ||||||||||||
Series - 2020 1 (Class B) | ||||||||||||||||
500,000 | AmeriCredit Automobile Receivables Trust | 0.530 | 06/18/25 | 501,163 | ||||||||||||
Series - 2020 3 (Class A3) | ||||||||||||||||
500,000 | AmeriCredit Automobile Receivables Trust | 1.060 | 08/18/26 | 501,139 | ||||||||||||
Series - 2020 3 (Class C) | ||||||||||||||||
1,500,000 | AmeriCredit Automobile Receivables Trust | 0.680 | 10/19/26 | 1,495,374 | ||||||||||||
Series - 2021 1 (Class B) | ||||||||||||||||
1,000,000 | AmeriCredit Automobile Receivables Trust | 0.890 | 10/19/26 | 996,205 | ||||||||||||
Series - 2021 1 (Class C) | ||||||||||||||||
2,500,000 | BA Credit Card Trust | 0.340 | 05/15/26 | 2,489,520 | ||||||||||||
Series - 2020 A1 (Class A1) | ||||||||||||||||
10,000,000 | Cantor Commercial Real Estate Lending | 3.523 | 05/15/52 | 10,848,030 | ||||||||||||
Series - 2019 CF1 (Class A4) | ||||||||||||||||
6,000,000 | Cantor Commercial Real Estate Lending | 3.623 | 05/15/52 | 6,422,618 | ||||||||||||
Series - 2019 CF1 (Class A2) | ||||||||||||||||
2,500,000 | Capital One Multi-Asset Execution Trust | 2.840 | 12/15/24 | 2,557,880 | ||||||||||||
Series - 2019 A1 (Class A1) | ||||||||||||||||
2,500,000 | Capital One Multi-Asset Execution Trust | 2.060 | 08/15/28 | 2,600,643 | ||||||||||||
Series - 2019 A3 (Class A3) |
146 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 1,433,629 | Capital One Prime Auto Receivables Trust | 2.510 | % | 11/15/23 | $ | 1,454,758 | |||||||||
Series - 2019 1 (Class A3) | ||||||||||||||||
500,000 | Carmax Auto Owner Trust | 0.530 | 10/15/26 | 495,662 | ||||||||||||
Series - 2021 1 (Class A4) | ||||||||||||||||
900,000 | Carmax Auto Owner Trust | 0.740 | 10/15/26 | 888,798 | ||||||||||||
Series - 2021 1 (Class B) | ||||||||||||||||
1,837,266 | CarMax Auto Owner Trust | 2.220 | 11/15/22 | 1,846,542 | ||||||||||||
Series - 2017 3 (Class A4) | ||||||||||||||||
227,108 | CarMax Auto Owner Trust | 2.480 | 11/15/22 | 228,209 | ||||||||||||
Series - 2018 1 (Class A3) | ||||||||||||||||
575,000 | CarMax Auto Owner Trust | 2.410 | 12/15/22 | 578,273 | ||||||||||||
Series - 2017 2 (Class B) | ||||||||||||||||
1,000,000 | CarMax Auto Owner Trust | 1.700 | 11/15/24 | 1,016,080 | ||||||||||||
Series - 2020 2 (Class A3) | ||||||||||||||||
1,000,000 | CarMax Auto Owner Trust | 2.770 | 12/16/24 | 1,044,740 | ||||||||||||
Series - 2019 2 (Class A4) | ||||||||||||||||
500,000 | CarMax Auto Owner Trust | 0.500 | 08/15/25 | 500,805 | ||||||||||||
Series - 2020 4 (Class A3) | ||||||||||||||||
1,000,000 | Chase Issuance Trust | 2.160 | 09/15/24 | 1,027,891 | ||||||||||||
Series - 2012 A7 (Class A7) | ||||||||||||||||
1,250,000 | CitiBank Credit Card Issuance Trust | 2.190 | 11/20/23 | 1,265,807 | ||||||||||||
Series - 2016 A2 (Class A2) | ||||||||||||||||
500,000 | Drive Auto Receivables Trust | 0.830 | 05/15/24 | 501,783 | ||||||||||||
Series - 2020 2 (Class A3) | ||||||||||||||||
500,000 | Drive Auto Receivables Trust | 1.420 | 03/17/25 | 506,751 | ||||||||||||
Series - 2020 2 (Class B) | ||||||||||||||||
973,264 | FedEx Corp 2020- Class AA Pass Through Trust | 1.875 | 02/20/34 | 942,536 | ||||||||||||
3,000,000 | FHLMC Multifamily Structured Pass Through Certificates | 2.307 | 08/25/22 | 3,072,573 | ||||||||||||
Series - 2012 K023 (Class A2) | ||||||||||||||||
96,422 | FHLMC Multifamily Structured Pass Through Certificates | 2.779 | 09/25/22 | 97,901 | ||||||||||||
Series - 2013 K030 (Class A1) | ||||||||||||||||
500,000 | FHLMC Multifamily Structured Pass Through Certificates | 2.510 | 11/25/22 | 515,936 | ||||||||||||
Series - 2013 K026 (Class A2) | ||||||||||||||||
500,000 | FHLMC Multifamily Structured Pass Through Certificates | 2.637 | 01/25/23 | 518,238 | ||||||||||||
Series - 2013 K027 (Class A2) | ||||||||||||||||
27,748 | FHLMC Multifamily Structured Pass Through Certificates | 2.669 | 02/25/23 | 28,326 | ||||||||||||
Series - 2013 K034 (Class A1) | ||||||||||||||||
3,000,000 | i | FHLMC Multifamily Structured Pass Through Certificates | 3.060 | 07/25/23 | 3,164,900 | |||||||||||
Series - 2013 K033 (Class A2) | ||||||||||||||||
1,750,000 | i | FHLMC Multifamily Structured Pass Through Certificates | 3.531 | 07/25/23 | 1,865,289 | |||||||||||
Series - 2013 K034 (Class A2) | ||||||||||||||||
1,500,000 | i | FHLMC Multifamily Structured Pass Through Certificates | 3.527 | 10/25/23 | 1,606,458 | |||||||||||
Series - 2014 K036 (Class A2) |
147 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 3,000,000 | FHLMC Multifamily Structured Pass Through Certificates | 3.023 | % | 01/25/25 | $ | 3,237,308 | |||||||||
Series - 2015 K045 (Class A2) | ||||||||||||||||
1,000,000 | Ford Credit Auto Lease Trust | 0.620 | 08/15/23 | 1,003,498 | ||||||||||||
Series - 2020 B (Class A3) | ||||||||||||||||
1,000,000 | Ford Credit Auto Lease Trust | 0.690 | 10/15/23 | 1,005,088 | ||||||||||||
Series - 2020 B (Class A4) | ||||||||||||||||
500,000 | Ford Credit Auto Lease Trust | 1.000 | 11/15/23 | 504,500 | ||||||||||||
Series - 2020 B (Class B) | ||||||||||||||||
1,500,000 | Ford Credit Auto Lease Trust | 0.300 | 04/15/24 | 1,497,614 | ||||||||||||
Series - 2021 A (Class A4) | ||||||||||||||||
600,000 | Ford Credit Auto Lease Trust | 0.470 | 05/15/24 | 597,776 | ||||||||||||
Series - 2021 A (Class B) | ||||||||||||||||
2,607,700 | Ford Credit Auto Owner Trust | 2.230 | 10/15/23 | 2,640,491 | ||||||||||||
Series - 2019 B (Class A3) | ||||||||||||||||
500,000 | Ford Credit Auto Owner Trust | 0.510 | 08/15/26 | 498,132 | ||||||||||||
Series - 2020 C (Class A4) | ||||||||||||||||
2,000,000 | Ford Credit Auto Owner Trust | 0.490 | 09/15/26 | 1,982,761 | ||||||||||||
Series - 2021 A (Class A4) | ||||||||||||||||
2,350,000 | Ford Credit Floorplan Master Owner Trust | 2.230 | 09/15/24 | 2,412,419 | ||||||||||||
Series - 2019 3 (Class A1) | ||||||||||||||||
850,000 | Ford Credit Floorplan Master Owner Trust | 2.440 | 09/15/26 | 897,901 | ||||||||||||
Series - 2019 4 (Class A) | ||||||||||||||||
1,000,000 | GM Financial Consumer Automobile Receivables Trust | 2.710 | 08/16/24 | 1,035,413 | ||||||||||||
Series - 2019 2 (Class A4) | ||||||||||||||||
500,000 | GM Financial Consumer Automobile Receivables Trust | 1.490 | 12/16/24 | 507,609 | ||||||||||||
Series - 2020 2 (Class A3) | ||||||||||||||||
500,000 | GM Financial Consumer Automobile Receivables Trust | 0.380 | 08/18/25 | 499,802 | ||||||||||||
Series - 2020 4 (Class A3) | ||||||||||||||||
750,000 | GM Financial Consumer Automobile Receivables Trust | 0.350 | 10/16/25 | 749,273 | ||||||||||||
Series - 2021 1 (Class A3) | ||||||||||||||||
500,000 | GM Financial Consumer Automobile Receivables Trust | 0.500 | 02/17/26 | 497,991 | ||||||||||||
Series - 2020 4 (Class A4) | ||||||||||||||||
1,000,000 | GM Financial Leasing Trust | 0.450 | 08/21/23 | 1,002,173 | ||||||||||||
Series - 2020 3 (Class A3) | ||||||||||||||||
1,000,000 | GM Financial Leasing Trust | 0.510 | 10/21/24 | 1,003,620 | ||||||||||||
Series - 2020 3 (Class A4) | ||||||||||||||||
1,000,000 | GM Financial Leasing Trust | 1.010 | 07/21/25 | 999,203 | ||||||||||||
Series - 2021 1 (Class D) | ||||||||||||||||
1,806,473 | Honda Auto Receivables Owner Trust | 2.520 | 06/21/23 | 1,833,510 | ||||||||||||
Series - 2019 2 (Class A3) | ||||||||||||||||
2,068,000 | Honda Auto Receivables Owner Trust | 3.160 | 08/19/24 | 2,099,815 | ||||||||||||
Series - 2018 2 (Class A4) | ||||||||||||||||
1,000,000 | Honda Auto Receivables Owner Trust | 0.420 | 01/21/28 | 993,214 | ||||||||||||
Series - 2021 1 (Class A4) | ||||||||||||||||
733,828 | Hyundai Auto Receivables Trust | 1.960 | 02/15/23 | 735,734 | ||||||||||||
Series - 2017 B (Class A4) | ||||||||||||||||
2,000,000 | Hyundai Auto Receivables Trust | 3.030 | 11/17/25 | 2,087,715 | ||||||||||||
Series - 2019 A (Class C) |
148 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 1,000,000 | Mercedes-Benz Auto Lease Trust | 0.400 | % | 11/15/23 | $ | 1,001,833 | |||||||||
Series - 2020 B (Class A3) | ||||||||||||||||
250,000 | Mercedes-Benz Auto Lease Trust | 0.500 | 06/15/26 | 250,093 | ||||||||||||
Series - 2020 B (Class A4) | ||||||||||||||||
1,000,000 | Mercedes-Benz Auto Lease Trust | 0.320 | 10/15/26 | 996,469 | ||||||||||||
Series - 2021 A (Class A4) | ||||||||||||||||
1,514,854 | Nissan Auto Receivables Owner Trust | 2.900 | 10/16/23 | 1,538,970 | ||||||||||||
Series - 2019 A (Class A3) | ||||||||||||||||
1,849,971 | Nissan Auto Receivables Owner Trust | 2.500 | 11/15/23 | 1,879,873 | ||||||||||||
Series - 2019 B (Class A3) | ||||||||||||||||
400,000 | Santander Drive Auto Receivables Trust | 0.480 | 07/15/24 | 400,787 | ||||||||||||
Series - 2020 4 (Class A3) | ||||||||||||||||
500,000 | Santander Drive Auto Receivables Trust | 0.520 | 07/15/24 | 500,671 | ||||||||||||
Series - 2020 3 (Class A3) | ||||||||||||||||
500,000 | Santander Drive Auto Receivables Trust | 0.690 | 03/17/25 | 501,576 | ||||||||||||
Series - 2020 3 (Class B) | ||||||||||||||||
500,000 | Santander Drive Auto Receivables Trust | 0.730 | 03/17/25 | 502,206 | ||||||||||||
Series - 2020 4 (Class B) | ||||||||||||||||
1,000,000 | Santander Drive Auto Receivables Trust | 0.500 | 04/15/25 | 999,360 | ||||||||||||
Series - 2021 1 (Class B) | ||||||||||||||||
250,000 | Santander Drive Auto Receivables Trust | 1.010 | 01/15/26 | 250,817 | ||||||||||||
Series - 2020 4 (Class C) | ||||||||||||||||
500,000 | Santander Drive Auto Receivables Trust | 0.750 | 02/17/26 | 498,811 | ||||||||||||
Series - 2021 1 (Class C) | ||||||||||||||||
4,000,000 | Synchrony Card Funding LLC | 2.340 | 06/15/25 | 4,098,144 | ||||||||||||
Series - 2019 A2 (Class A) | ||||||||||||||||
2,160,000 | Toyota Auto Receivables Owner Trust | 1.360 | 08/15/24 | 2,190,069 | ||||||||||||
Series - 2020 B (Class A3) | ||||||||||||||||
500,000 | Toyota Auto Receivables Owner Trust | 0.350 | 01/15/25 | 500,466 | ||||||||||||
Series - 2020 D (Class A3) | ||||||||||||||||
500,000 | Toyota Auto Receivables Owner Trust | 0.470 | 01/15/26 | 497,126 | ||||||||||||
Series - 2020 D (Class A4) | ||||||||||||||||
203,365 | United Airlines Pass Through Trust | 4.300 | 08/15/25 | 211,225 | ||||||||||||
Series - 2013 1 (Class A) | ||||||||||||||||
207,135 | United Airlines Pass Through Trust | 3.750 | 09/03/26 | 214,911 | ||||||||||||
Series - 2014 2 (Class A) | ||||||||||||||||
2,439,563 | United Airlines Pass Through Trust | 5.875 | 10/15/27 | 2,704,727 | ||||||||||||
156,483 | United Airlines Pass Through Trust | 3.450 | 12/01/27 | 163,582 | ||||||||||||
Series - 2015 1 (Class AA) | ||||||||||||||||
163,064 | United Airlines Pass Through Trust | 3.100 | 07/07/28 | 166,700 | ||||||||||||
Series - 2016 1 (Class AA) | ||||||||||||||||
163,064 | United Airlines Pass Through Trust | 3.450 | 07/07/28 | 163,292 | ||||||||||||
Series - 2016 1 (Class A) | ||||||||||||||||
336,566 | United Airlines Pass Through Trust | 2.875 | 10/07/28 | 341,629 | ||||||||||||
Series - 2016 2 (Class A) | ||||||||||||||||
1,325,192 | United Airlines Pass Through Trust | 3.500 | 03/01/30 | 1,356,050 | ||||||||||||
Series - 2018 1 (Class AA) | ||||||||||||||||
337,033 | United Airlines Pass Through Trust | 4.150 | 08/25/31 | 359,471 | ||||||||||||
Series - 2019 1 (Class AA) | ||||||||||||||||
246,308 | United Airlines Pass Through Trust | 2.700 | 05/01/32 | 239,220 | ||||||||||||
Series - 2019 2 (Class ) | ||||||||||||||||
500,000 | Volkswagen Auto Lease Trust | 0.390 | 01/22/24 | 500,645 | ||||||||||||
Series - 2020 A (Class A3) |
149 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 750,000 | Volkswagen Auto Lease Trust | 0.450 | % | 07/21/25 | $ | 749,867 | |||||||||
Series - 2020 A (Class A4) | ||||||||||||||||
2,000,000 | World Financial Network Credit Card Master Trust | 2.490 | 04/15/26 | 2,050,289 | ||||||||||||
Series - 2019 B (Class A) | ||||||||||||||||
2,000,000 | World Omni Auto Receivables Trust | 0.300 | 01/15/26 | 1,994,548 | ||||||||||||
Series - 2021 A (Class A3) | ||||||||||||||||
500,000 | World Omni Automobile Lease Securitization Trust | 0.450 | 02/15/24 | 500,756 | ||||||||||||
Series - 2020 B (Class A3) | ||||||||||||||||
TOTAL ASSET BACKED | 122,916,751 | |||||||||||||||
OTHER MORTGAGE BACKED - 2.1% | ||||||||||||||||
2,500,000 | BANK | 1.650 | 12/15/53 | 2,367,849 | ||||||||||||
Series - 2020 BN30 (Class A3) | ||||||||||||||||
1,500,000 | BANK | 1.925 | 12/15/53 | 1,438,351 | ||||||||||||
Series - 2020 BN30 (Class A4) | ||||||||||||||||
500,000 | i | BANK | 2.111 | 12/15/53 | 477,702 | |||||||||||
Series - 2020 BN30 (Class AS) | ||||||||||||||||
500,000 | i | BANK | 2.445 | 12/15/53 | 484,851 | |||||||||||
Series - 2020 BN30 (Class B) | ||||||||||||||||
2,000,000 | BANK | 1.771 | 02/15/54 | 1,900,522 | ||||||||||||
Series - 2021 BN31 (Class A3) | ||||||||||||||||
1,000,000 | BANK | 2.036 | 02/15/54 | 967,728 | ||||||||||||
Series - 2021 BN31 (Class A4) | ||||||||||||||||
500,000 | i | BANK | 2.211 | 02/15/54 | 479,017 | |||||||||||
Series - 2021 BN31 (Class AS) | ||||||||||||||||
500,000 | i | BANK | 2.383 | 02/15/54 | 478,076 | |||||||||||
Series - 2021 BN31 (Class B) | ||||||||||||||||
500,000 | i | BANK | 2.545 | 02/15/54 | 464,729 | |||||||||||
Series - 2021 BN31 (Class C) | ||||||||||||||||
2,000,000 | BANK | 3.538 | 11/15/54 | 2,187,511 | ||||||||||||
Series - 2017 BNK9 (Class A4) | ||||||||||||||||
1,500,000 | BANK | 3.390 | 06/15/60 | 1,630,987 | ||||||||||||
Series - 2017 BNK5 (Class A5) | ||||||||||||||||
5,000,000 | BANK | 3.641 | 02/15/61 | 5,494,171 | ||||||||||||
Series - 2018 BN10 (Class ASB) | ||||||||||||||||
2,000,000 | i | BANK | 3.898 | 02/15/61 | 2,204,334 | |||||||||||
Series - 2018 BN10 (Class AS) | ||||||||||||||||
8,000,000 | BANK | 3.584 | 05/15/62 | 8,739,971 | ||||||||||||
Series - 2019 BN18 (Class A4) | ||||||||||||||||
5,000,000 | BANK | 1.584 | 03/15/63 | 4,699,868 | ||||||||||||
Series - 2020 BN28 (Class A3) | ||||||||||||||||
3,000,000 | Barclays Commercial Mortgage Trust | 3.674 | 02/15/50 | 3,304,316 | ||||||||||||
Series - 2017 C1 (Class A4) | ||||||||||||||||
12,500,000 | Barclays Commercial Mortgage Trust | 2.690 | 02/15/53 | 13,026,501 | ||||||||||||
Series - 2020 C6 (Class A2) | ||||||||||||||||
3,000,000 | Benchmark Mortgage Trust | 3.571 | 01/15/51 | 3,113,603 | ||||||||||||
Series - 2018 B1 (Class A2) | ||||||||||||||||
1,000,000 | i | Benchmark Mortgage Trust | 3.878 | 01/15/51 | 1,100,689 | |||||||||||
Series - 2018 B1 (Class AM) | ||||||||||||||||
980,271 | Benchmark Mortgage Trust | 3.976 | 07/15/51 | 1,037,239 | ||||||||||||
Series - 2018 B4 (Class A2) | ||||||||||||||||
1,000,000 | i | Benchmark Mortgage Trust | 4.556 | 07/15/51 | 1,085,623 | |||||||||||
Series - 2018 B4 (Class C) | ||||||||||||||||
5,850,000 | Benchmark Mortgage Trust | 3.542 | 05/15/52 | 6,377,062 | ||||||||||||
Series - 2019 B11 (Class A5) |
150 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 1,000,000 | i | Benchmark Mortgage Trust | 2.944 | % | 02/15/53 | $ | 1,022,246 | ||||||||
Series - 2020 B16 (Class AM) | ||||||||||||||||
1,500,000 | i | Benchmark Mortgage Trust | 3.176 | 02/15/53 | 1,531,095 | |||||||||||
Series - 2020 B16 (Class B) | ||||||||||||||||
1,500,000 | i | Benchmark Mortgage Trust | 3.536 | 02/15/53 | 1,508,443 | |||||||||||
Series - 2020 B16 (Class C) | ||||||||||||||||
2,000,000 | i | Benchmark Mortgage Trust | 4.510 | 05/15/53 | 2,305,345 | |||||||||||
Series - 2018 B7 (Class A4) | ||||||||||||||||
5,000,000 | Benchmark Mortgage Trust | 1.925 | 07/15/53 | 4,826,894 | ||||||||||||
Series - 2020 B18 (Class A5) | ||||||||||||||||
2,500,000 | Benchmark Mortgage Trust | 1.704 | 12/17/53 | 2,380,907 | ||||||||||||
Series - 2020 B21 (Class A4) | ||||||||||||||||
2,500,000 | Benchmark Mortgage Trust | 1.978 | 12/17/53 | 2,410,108 | ||||||||||||
Series - 2020 B21 (Class A5) | ||||||||||||||||
2,500,000 | Benchmark Mortgage Trust | 1.685 | 01/15/54 | 2,367,370 | ||||||||||||
Series - 2020 B22 (Class A4) | ||||||||||||||||
1,500,000 | Benchmark Mortgage Trust | 1.973 | 01/15/54 | 1,441,514 | ||||||||||||
Series - 2020 B22 (Class A5) | ||||||||||||||||
1,500,000 | Benchmark Mortgage Trust | 2.163 | 01/15/54 | 1,437,124 | ||||||||||||
Series - 2020 B22 (Class AM) | ||||||||||||||||
2,000,000 | Benchmark Mortgage Trust | 1.620 | 02/15/54 | 2,018,885 | ||||||||||||
Series - 2021 B23 (Class A2) | ||||||||||||||||
1,500,000 | Benchmark Mortgage Trust | 1.823 | 02/15/54 | 1,428,574 | ||||||||||||
Series - 2021 B23 (Class A4A1) | ||||||||||||||||
1,500,000 | Benchmark Mortgage Trust | 2.070 | 02/15/54 | 1,454,109 | ||||||||||||
Series - 2021 B23 (Class A5) | ||||||||||||||||
500,000 | Benchmark Mortgage Trust | 2.095 | 02/15/54 | 473,136 | ||||||||||||
Series - 2021 B23 (Class B) | ||||||||||||||||
500,000 | Benchmark Mortgage Trust | 2.274 | 02/15/54 | 480,398 | ||||||||||||
Series - 2021 B23 (Class AS) | ||||||||||||||||
500,000 | i | Benchmark Mortgage Trust | 2.563 | 02/15/54 | 468,927 | |||||||||||
Series - 2021 B23 (Class C) | ||||||||||||||||
5,000,000 | Benchmark Mortgage Trust | 2.914 | 12/15/72 | 5,202,369 | ||||||||||||
Series - 2019 B15 (Class A2) | ||||||||||||||||
1,000,000 | i | CD Mortgage Trust | 3.526 | 11/10/49 | 1,091,956 | |||||||||||
Series - 2016 CD2 (Class A4) | ||||||||||||||||
2,000,000 | CD Mortgage Trust | 3.631 | 02/10/50 | 2,195,015 | ||||||||||||
Series - 2017 CD3 (Class A4) | ||||||||||||||||
1,000,000 | CD Mortgage Trust | 3.025 | 08/15/50 | 1,018,427 | ||||||||||||
Series - 2017 CD5 (Class A2) | ||||||||||||||||
2,500,000 | CD Mortgage Trust | 3.431 | 08/15/50 | 2,717,334 | ||||||||||||
Series - 2017 CD5 (Class A4) | ||||||||||||||||
1,000,000 | i | CD Mortgage Trust | 3.684 | 08/15/50 | 1,089,085 | |||||||||||
Series - 2017 CD5 (Class AS) | ||||||||||||||||
1,750,000 | CD Mortgage Trust | 4.279 | 08/15/51 | 1,983,690 | ||||||||||||
Series - 2018 CD7 (Class A4) | ||||||||||||||||
1,053,000 | Citigroup Commercial Mortgage Trust | 3.422 | 04/10/46 | 1,094,332 | ||||||||||||
Series - 2013 GC11 (Class AS) | ||||||||||||||||
755,000 | Citigroup Commercial Mortgage Trust | 4.023 | 03/10/47 | 814,005 | ||||||||||||
Series - 2014 GC19 (Class A4) | ||||||||||||||||
440,887 | Citigroup Commercial Mortgage Trust | 3.622 | 07/10/47 | 475,862 | ||||||||||||
Series - 2014 GC23 (Class A4) |
151 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 500,000 | Citigroup Commercial Mortgage Trust | 3.635 | % | 10/10/47 | $ | 541,078 | |||||||||
Series - 2014 GC25 (Class A4) | ||||||||||||||||
1,000,000 | Citigroup Commercial Mortgage Trust | 3.137 | 02/10/48 | 1,067,402 | ||||||||||||
Series - 2015 GC27 (Class A5) | ||||||||||||||||
1,000,000 | Citigroup Commercial Mortgage Trust | 3.571 | 02/10/48 | 1,070,895 | ||||||||||||
Series - 2015 GC27 (Class AS) | ||||||||||||||||
1,000,000 | Citigroup Commercial Mortgage Trust | 3.616 | 02/10/49 | 1,093,658 | ||||||||||||
Series - 2016 GC36 (Class A5) | ||||||||||||||||
2,000,000 | Citigroup Commercial Mortgage Trust | 3.314 | 04/10/49 | 2,159,287 | ||||||||||||
Series - 2016 GC37 (Class A4) | ||||||||||||||||
500,000 | Citigroup Commercial Mortgage Trust | 3.576 | 04/10/49 | 538,686 | ||||||||||||
Series - 2016 GC37 (Class AS) | ||||||||||||||||
1,500,000 | Citigroup Commercial Mortgage Trust | 2.832 | 08/10/49 | 1,583,651 | ||||||||||||
Series - 2016 C2 (Class A4) | ||||||||||||||||
1,000,000 | Citigroup Commercial Mortgage Trust | 3.465 | 09/15/50 | 1,089,321 | ||||||||||||
Series - 2017 P8 (Class A4) | ||||||||||||||||
2,000,000 | Citigroup Commercial Mortgage Trust | 4.074 | 06/10/51 | 2,099,302 | ||||||||||||
Series - 2018 C5 (Class A2) | ||||||||||||||||
1,480,000 | Citigroup Commercial Mortgage Trust | 3.778 | 09/10/58 | 1,625,680 | ||||||||||||
Series - 2015 GC33 (Class A4) | ||||||||||||||||
580,000 | COMM Mortgage Trust | 4.063 | 12/10/44 | 590,965 | ||||||||||||
Series - 2012 LC4 (Class AM) | ||||||||||||||||
22,960 | COMM Mortgage Trust | 2.752 | 08/15/45 | 22,986 | ||||||||||||
Series - 2012 CR2 (Class ASB) | ||||||||||||||||
320,949 | COMM Mortgage Trust | 2.941 | 01/10/46 | 331,596 | ||||||||||||
Series - 2013 LC6 (Class A4) | ||||||||||||||||
320,069 | COMM Mortgage Trust | 3.213 | 03/10/46 | 333,448 | ||||||||||||
Series - 2013 CR7 (Class A4) | ||||||||||||||||
1,000,000 | COMM Mortgage Trust | 4.046 | 10/10/46 | 1,075,031 | ||||||||||||
Series - 2013 CR12 (Class A4) | ||||||||||||||||
295,009 | COMM Mortgage Trust | 2.928 | 02/10/47 | 292,975 | ||||||||||||
Series - 2014 CR15 (Class A2) | ||||||||||||||||
2,750,000 | COMM Mortgage Trust | 3.955 | 02/10/47 | 2,957,117 | ||||||||||||
Series - 2014 CR14 (Class A3) | ||||||||||||||||
500,000 | COMM Mortgage Trust | 3.961 | 03/10/47 | 539,789 | ||||||||||||
Series - 2014 UBS2 (Class A5) | ||||||||||||||||
1,000,000 | COMM Mortgage Trust | 4.051 | 04/10/47 | 1,085,669 | ||||||||||||
Series - 2014 CR16 (Class A4) | ||||||||||||||||
1,000,000 | COMM Mortgage Trust | 3.819 | 06/10/47 | 1,083,790 | ||||||||||||
Series - 2014 UBS3 (Class A4) | ||||||||||||||||
1,000,000 | COMM Mortgage Trust | 3.694 | 08/10/47 | 1,079,353 | ||||||||||||
Series - 2014 UBS4 (Class A5) | ||||||||||||||||
875,944 | COMM Mortgage Trust | 3.326 | 11/10/47 | 929,487 | ||||||||||||
Series - 2014 CR20 (Class A3) | ||||||||||||||||
1,000,000 | COMM Mortgage Trust | 3.590 | 11/10/47 | 1,080,835 | ||||||||||||
Series - 2014 CR20 (Class A4) | ||||||||||||||||
1,000,000 | i | COMM Mortgage Trust | 4.339 | 12/10/47 | 1,082,253 | |||||||||||
Series - 2014 CR21 (Class B) | ||||||||||||||||
3,150,000 | COMM Mortgage Trust | 3.183 | 02/10/48 | 3,374,995 | ||||||||||||
Series - 2015 LC19 (Class A4) | ||||||||||||||||
1,000,000 | i | COMM Mortgage Trust | 4.235 | 02/10/48 | 1,068,295 | |||||||||||
Series - 2015 LC19 (Class C) | ||||||||||||||||
1,700,000 | COMM Mortgage Trust | 3.708 | 07/10/48 | 1,861,201 | ||||||||||||
Series - 2015 LC21 (Class A4) |
152 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 948,551 | COMM Mortgage Trust | 3.432 | % | 08/10/48 | $ | 1,026,552 | |||||||||
Series - 2015 CR24 (Class A4) | ||||||||||||||||
1,000,000 | COMM Mortgage Trust | 3.759 | 08/10/48 | 1,100,310 | ||||||||||||
Series - 2015 CR25 (Class A4) | ||||||||||||||||
1,024,515 | COMM Mortgage Trust | 3.221 | 10/10/48 | 1,009,028 | ||||||||||||
Series - 2015 LC23 (Class A2) | ||||||||||||||||
1,500,000 | COMM Mortgage Trust | 3.774 | 10/10/48 | 1,649,170 | ||||||||||||
Series - 2015 LC23 (Class A4) | ||||||||||||||||
500,000 | COMM Mortgage Trust | 4.258 | 08/10/50 | 539,719 | ||||||||||||
Series - 2013 CR11 (Class A4) | ||||||||||||||||
5,000,000 | COMM Mortgage Trust | 2.827 | 08/15/57 | 5,255,372 | ||||||||||||
Series - 2019 GC44 (Class A2) | ||||||||||||||||
3,000,000 | COMM Mortgage Trust | 3.263 | 08/15/57 | 3,162,116 | ||||||||||||
Series - 2019 GC44 (Class AM) | ||||||||||||||||
650,000 | i | CSAIL Commercial Mortgage Trust | 4.953 | 01/15/49 | 677,669 | |||||||||||
Series - 2016 C6 (Class C) | ||||||||||||||||
2,000,000 | i | CSAIL Commercial Mortgage Trust | 4.224 | 08/15/51 | 2,250,342 | |||||||||||
Series - 2018 CX12 (Class A4) | ||||||||||||||||
10,000,000 | CSAIL Commercial Mortgage Trust | 4.053 | 03/15/52 | 11,157,410 | ||||||||||||
Series - 2019 C15 (Class A4) | ||||||||||||||||
2,000,000 | DBGS Mortgage Trust | 4.358 | 10/15/51 | 2,154,563 | ||||||||||||
Series - 2018 C1 (Class A2) | ||||||||||||||||
5,790,000 | DBGS Mortgage Trust | 4.466 | 10/15/51 | 6,640,542 | ||||||||||||
Series - 2018 C1 (Class A4) | ||||||||||||||||
3,500,000 | DBJPM | 3.276 | 05/10/49 | 3,763,242 | ||||||||||||
Series - 2016 C1 (Class A4) | ||||||||||||||||
1,000,000 | DBJPM | 3.539 | 05/10/49 | 1,073,052 | ||||||||||||
Series - 2016 C1 (Class AM) | ||||||||||||||||
1,590,000 | DBJPM | 3.328 | 06/10/50 | 1,720,970 | ||||||||||||
Series - 2017 C6 (Class A5) | ||||||||||||||||
5,000,000 | DBJPM | 1.900 | 09/15/53 | 5,105,556 | ||||||||||||
Series - 2020 C9 (Class A2) | ||||||||||||||||
1,500,000 | Freddie Mac Multifamily Structured Pass Through Certificates | 1.199 | 12/25/27 | 1,465,934 | ||||||||||||
Series - 2021 K741 (Class AM) | ||||||||||||||||
8,440,000 | Freddie Mac Multifamily Structured Pass Through Certificates | 1.603 | 12/25/27 | 8,495,568 | ||||||||||||
Series - 2021 K741 (Class A2) | ||||||||||||||||
998,386 | Freddie Mac Multifamily Structured Pass Through Certificates | 1.101 | 08/25/30 | 972,588 | ||||||||||||
Series - 2021 K125 (Class A1) | ||||||||||||||||
2,000,000 | Freddie Mac Multifamily Structured Pass Through Certificates | 1.353 | 11/25/30 | 1,984,271 | ||||||||||||
Series - 2021 K127 (Class A1) | ||||||||||||||||
1,000,000 | Freddie Mac Multifamily Structured Pass Through Certificates | 1.792 | 01/25/31 | 983,938 | ||||||||||||
Series - 2021 K126 (Class AM) | ||||||||||||||||
9,000,000 | Freddie Mac Multifamily Structured Pass Through Certificates | 1.846 | 01/25/31 | 8,943,080 | ||||||||||||
Series - 2021 K125 (Class A2) | ||||||||||||||||
3,000,000 | Freddie Mac Multifamily Structured Pass Through Certificates | 2.108 | 01/25/31 | 3,052,640 | ||||||||||||
Series - 2021 K127 (Class A2) |
153 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 1,332,000 | Freddie Mac Multifamily Structured Pass Through Certificates | 1.851 | % | 02/25/31 | $ | 1,315,513 | |||||||||
Series - 2021 K127 (Class AM) | ||||||||||||||||
18,371 | GS Mortgage Securities Corp II | 3.314 | 01/10/45 | 18,390 | ||||||||||||
Series - 2012 GC6 (Class AAB) | ||||||||||||||||
300,000 | GS Mortgage Securities Corp II | 2.943 | 02/10/46 | 310,695 | ||||||||||||
Series - 2013 GC10 (Class A5) | ||||||||||||||||
300,000 | GS Mortgage Securities Corp II | 3.279 | 02/10/46 | 310,695 | ||||||||||||
Series - 2013 GC10 (Class AS) | ||||||||||||||||
800,000 | GS Mortgage Securities Corp II | 3.382 | 05/10/50 | 863,403 | ||||||||||||
Series - 2015 GC30 (Class A4) | ||||||||||||||||
487,815 | GS Mortgage Securities Trust | 3.482 | 01/10/45 | 492,142 | ||||||||||||
Series - 2012 GC6 (Class A3) | ||||||||||||||||
195,000 | GS Mortgage Securities Trust | 4.740 | 05/10/45 | 201,241 | ||||||||||||
Series - 2012 GCJ7 (Class B) | ||||||||||||||||
500,000 | GS Mortgage Securities Trust | 3.135 | 06/10/46 | 522,080 | ||||||||||||
Series - 2013 GC12 (Class A4) | ||||||||||||||||
300,379 | GS Mortgage Securities Trust | 3.813 | 11/10/46 | 313,189 | ||||||||||||
Series - 2013 GC16 (Class AAB) | ||||||||||||||||
1,000,000 | GS Mortgage Securities Trust | 4.074 | 01/10/47 | 1,078,007 | ||||||||||||
Series - 2014 GC18 (Class A4) | ||||||||||||||||
1,500,000 | GS Mortgage Securities Trust | 3.964 | 11/10/47 | 1,624,661 | ||||||||||||
Series - 2014 GC26 (Class AS) | ||||||||||||||||
1,841,317 | GS Mortgage Securities Trust | 3.136 | 02/10/48 | 1,943,170 | ||||||||||||
Series - 2015 GC28 (Class A4) | ||||||||||||||||
1,500,000 | GS Mortgage Securities Trust | 3.178 | 11/10/49 | 1,573,426 | ||||||||||||
Series - 2016 GS4 (Class A3) | ||||||||||||||||
1,350,000 | i | GS Mortgage Securities Trust | 3.811 | 11/10/49 | 1,272,565 | |||||||||||
Series - 2016 GS4 (Class C) | ||||||||||||||||
1,000,000 | GS Mortgage Securities Trust | 2.945 | 08/10/50 | 1,021,594 | ||||||||||||
Series - 2017 GS7 (Class A2) | ||||||||||||||||
1,500,000 | GS Mortgage Securities Trust | 3.430 | 08/10/50 | 1,625,470 | ||||||||||||
Series - 2017 GS7 (Class A4) | ||||||||||||||||
1,000,000 | GS Mortgage Securities Trust | 3.872 | 02/10/52 | 1,067,860 | ||||||||||||
Series - 2019 GC38 (Class A2) | ||||||||||||||||
2,500,000 | GS Mortgage Securities Trust | 3.968 | 02/10/52 | 2,797,368 | ||||||||||||
Series - 2019 GC38 (Class A4) | ||||||||||||||||
500,000 | i | GS Mortgage Securities Trust | 4.309 | 02/10/52 | 546,153 | |||||||||||
Series - 2019 GC38 (Class B) | ||||||||||||||||
2,500,000 | GS Mortgage Securities Trust | 2.898 | 02/13/53 | 2,642,210 | ||||||||||||
Series - 2020 GC45 (Class A2) | ||||||||||||||||
4,000,000 | i | GS Mortgage Securities Trust | 3.173 | 02/13/53 | 4,235,793 | |||||||||||
Series - 2020 GC45 (Class AS) | ||||||||||||||||
2,000,000 | i | GS Mortgage Securities Trust | 3.405 | 02/13/53 | 2,088,919 | |||||||||||
Series - 2020 GC45 (Class B) | ||||||||||||||||
2,000,000 | GS Mortgage Securities Trust | 2.125 | 05/12/53 | 1,971,156 | ||||||||||||
Series - 2020 GC47 (Class A4) | ||||||||||||||||
4,000,000 | GS Mortgage Securities Trust | 2.377 | 05/12/53 | 4,008,149 | ||||||||||||
Series - 2020 GC47 (Class A5) | ||||||||||||||||
1,000,000 | GS Mortgage Securities Trust | 1.662 | 12/12/53 | 993,068 | ||||||||||||
Series - 2020 GSA2 (Class AAB) | ||||||||||||||||
3,000,000 | GS Mortgage Securities Trust | 1.721 | 12/12/53 | 2,829,241 | ||||||||||||
Series - 2020 GSA2 (Class A4) | ||||||||||||||||
2,000,000 | GS Mortgage Securities Trust | 2.012 | 12/12/53 | 1,920,723 | ||||||||||||
Series - 2020 GSA2 (Class A5) |
154 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 1,000,000 | GS Mortgage Securities Trust | 2.224 | % | 12/12/53 | $ | 963,001 | |||||||||
Series - 2020 GSA2 (Class AS) | ||||||||||||||||
300,000 | i | JP Morgan Chase Commercial Mortgage Securities Corp | 5.142 | 05/15/45 | 273,251 | |||||||||||
Series - 2012 C6 (Class D) | ||||||||||||||||
236,113 | JP Morgan Chase Commercial Mortgage Securities Corp | 3.483 | 06/15/45 | 239,179 | ||||||||||||
Series - 2012 CBX (Class A4) | ||||||||||||||||
410,544 | i | JP Morgan Chase Commercial Mortgage Securities Corp | 3.994 | 01/15/46 | 437,109 | |||||||||||
Series - 2013 C13 (Class A4) | ||||||||||||||||
1,500,000 | JP Morgan Chase Commercial Mortgage Securities Corp | 2.960 | 04/15/46 | 1,562,469 | ||||||||||||
Series - 2013 LC11 (Class A5) | ||||||||||||||||
60,990 | JP Morgan Chase Commercial Mortgage Securities Corp | 4.171 | 08/15/46 | 61,172 | ||||||||||||
Series - 2011 C5 (Class A3) | ||||||||||||||||
500,000 | JP Morgan Chase Commercial Mortgage Securities Corp | 4.166 | 12/15/46 | 539,409 | ||||||||||||
Series - 2013 C16 (Class A4) | ||||||||||||||||
153,788 | JP Morgan Chase Commercial Mortgage Securities Corp | 2.702 | 12/15/47 | 156,824 | ||||||||||||
Series - 2013 C10 (Class ASB) | ||||||||||||||||
238,547 | JP Morgan Chase Commercial Mortgage Securities Corp | 2.840 | 12/15/47 | 245,310 | ||||||||||||
Series - 2012 LC9 (Class A5) | ||||||||||||||||
491,190 | JP Morgan Chase Commercial Mortgage Securities Corp | 3.143 | 12/15/47 | 510,264 | ||||||||||||
Series - 2013 C10 (Class A5) | ||||||||||||||||
574,000 | JP Morgan Chase Commercial Mortgage Securities Corp | 3.372 | 12/15/47 | 596,339 | ||||||||||||
Series - 2013 C10 (Class AS) | ||||||||||||||||
1,000,000 | JP Morgan Chase Commercial Mortgage Securities Corp | 2.822 | 08/15/49 | 1,057,517 | ||||||||||||
Series - 2016 JP2 (Class A4) | ||||||||||||||||
1,400,000 | JP Morgan Chase Commercial Mortgage Securities Corp | 3.109 | 07/15/50 | 1,461,565 | ||||||||||||
Series - 2017 JP6 (Class A3) | ||||||||||||||||
1,000,000 | JP Morgan Chase Commercial Mortgage Securities Corp | 3.038 | 09/15/50 | 1,025,311 | ||||||||||||
Series - 2017 JP7 (Class A2) | ||||||||||||||||
2,500,000 | JP Morgan Chase Commercial Mortgage Securities Corp | 3.454 | 09/15/50 | 2,714,710 | ||||||||||||
Series - 2017 JP7 (Class A5) | ||||||||||||||||
2,150,000 | JP Morgan Chase Commercial Mortgage Securities Corp | 3.219 | 06/13/52 | 2,340,415 | ||||||||||||
Series - 2019 COR5 (Class ASB) | ||||||||||||||||
2,000,000 | JPMBB Commercial Mortgage Securities Trust | 3.801 | 09/15/47 | 2,164,796 | ||||||||||||
Series - 2014 C22 (Class A4) | ||||||||||||||||
1,875,000 | i | JPMBB Commercial Mortgage Securities Trust | 4.118 | 05/15/48 | 1,952,280 | |||||||||||
Series - 2015 C29 (Class B) | ||||||||||||||||
2,700,000 | JPMBB Commercial Mortgage Securities Trust | 3.227 | 10/15/48 | 2,887,007 | ||||||||||||
Series - 2015 C28 (Class A4) |
155 |
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 | $ | 1,172,501 | |||||||||
Series - 2015 C28 (Class AS) | ||||||||||||||||
2,000,000 | JPMBB Commercial Mortgage Securities Trust | 3.770 | 12/15/48 | 2,201,537 | ||||||||||||
Series - 2015 C33 (Class A4) | ||||||||||||||||
1,000,000 | JPMBB Commercial Mortgage Securities Trust | 3.576 | 03/15/49 | 1,092,456 | ||||||||||||
Series - 2016 C1 (Class A5) | ||||||||||||||||
500,000 | JPMBB Commercial Mortgage Securities Trust | 3.970 | 03/15/49 | 547,644 | ||||||||||||
Series - 2016 C1 (Class AS) | ||||||||||||||||
500,000 | i | JPMBB Commercial Mortgage Securities Trust | 4.737 | 03/15/49 | 553,842 | |||||||||||
Series - 2016 C1 (Class B) | ||||||||||||||||
1,000,000 | i | JPMDB Commercial Mortgage Securities Trust | 3.990 | 06/15/49 | 1,026,125 | |||||||||||
Series - 2016 C2 (Class B) | ||||||||||||||||
5,922,824 | JPMDB Commercial Mortgage Securities Trust | 3.141 | 12/15/49 | 6,366,820 | ||||||||||||
Series - 2016 C4 (Class A3) | ||||||||||||||||
5,000,000 | JPMDB Commercial Mortgage Securities Trust | 2.946 | 11/13/52 | 5,284,694 | ||||||||||||
Series - 2019 COR6 (Class A2) | ||||||||||||||||
60,000 | Morgan Stanley Bank of America Merrill Lynch Trust | 2.918 | 02/15/46 | 62,046 | ||||||||||||
Series - 2013 C7 (Class A4) | ||||||||||||||||
485,066 | Morgan Stanley Bank of America Merrill Lynch Trust | 2.834 | 05/15/46 | 499,040 | ||||||||||||
Series - 2013 C9 (Class A3) | ||||||||||||||||
1,250,000 | Morgan Stanley Bank of America Merrill Lynch Trust | 3.102 | 05/15/46 | 1,304,002 | ||||||||||||
Series - 2013 C9 (Class A4) | ||||||||||||||||
500,000 | Morgan Stanley Bank of America Merrill Lynch Trust | 3.456 | 05/15/46 | 521,551 | ||||||||||||
Series - 2013 C9 (Class AS) | ||||||||||||||||
240,000 | i | Morgan Stanley Bank of America Merrill Lynch Trust | 3.708 | 05/15/46 | 246,470 | |||||||||||
Series - 2013 C9 (Class B) | ||||||||||||||||
92,197 | Morgan Stanley Bank of America Merrill Lynch Trust | 3.824 | 10/15/46 | 95,398 | ||||||||||||
Series - 2013 C12 (Class ASB) | ||||||||||||||||
674,898 | Morgan Stanley Bank of America Merrill Lynch Trust | 3.654 | 04/15/47 | 705,340 | ||||||||||||
Series - 2014 C15 (Class ASB) | ||||||||||||||||
2,000,000 | Morgan Stanley Bank of America Merrill Lynch Trust | 3.892 | 06/15/47 | 2,159,335 | ||||||||||||
Series - 2014 C16 (Class A5) | ||||||||||||||||
3,500,000 | Morgan Stanley Bank of America Merrill Lynch Trust | 3.249 | 02/15/48 | 3,757,870 | ||||||||||||
Series - 2015 C20 (Class A4) | ||||||||||||||||
1,000,000 | Morgan Stanley Bank of America Merrill Lynch Trust | 3.306 | 04/15/48 | 1,071,969 | ||||||||||||
Series - 2015 C22 (Class A4) | ||||||||||||||||
1,000,000 | Morgan Stanley Bank of America Merrill Lynch Trust | 3.732 | 05/15/48 | 1,097,687 | ||||||||||||
Series - 2015 C24 (Class A4) | ||||||||||||||||
3,000,000 | Morgan Stanley Bank of America Merrill Lynch Trust | 3.134 | 12/15/48 | 3,113,395 | ||||||||||||
Series - 2013 C8 (Class A4) |
156 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 2,000,000 | Morgan Stanley Bank of America Merrill Lynch Trust | 3.599 | % | 05/15/50 | $ | 2,187,688 | |||||||||
Series - 2017 C33 (Class A5) | ||||||||||||||||
1,246,948 | Morgan Stanley Capital I Trust | 3.244 | 03/15/45 | 1,263,876 | ||||||||||||
Series - 2012 C4 (Class A4) | ||||||||||||||||
535,000 | Morgan Stanley Capital I Trust | 3.594 | 03/15/49 | 584,070 | ||||||||||||
Series - 2016 UBS9 (Class A4) | ||||||||||||||||
1,000,000 | Morgan Stanley Capital I Trust | 3.997 | 07/15/51 | 1,062,730 | ||||||||||||
Series - 2018 H3 (Class A2) | ||||||||||||||||
1,000,000 | i | Morgan Stanley Capital I Trust | 4.850 | 07/15/51 | 1,085,674 | |||||||||||
Series - 2018 H3 (Class C) | ||||||||||||||||
1,500,000 | i | Morgan Stanley Capital I Trust | 4.238 | 10/15/51 | 1,699,002 | |||||||||||
Series - 2018 L1 (Class ASB) | ||||||||||||||||
2,000,000 | Morgan Stanley Capital I Trust | 4.288 | 10/15/51 | 2,154,521 | ||||||||||||
Series - 2018 L1 (Class A2) | ||||||||||||||||
1,500,000 | i | Morgan Stanley Capital I Trust | 4.407 | 10/15/51 | 1,715,480 | |||||||||||
Series - 2018 L1 (Class A4) | ||||||||||||||||
1,000,000 | Morgan Stanley Capital I Trust | 4.071 | 03/15/52 | 1,119,376 | ||||||||||||
Series - 2019 L2 (Class A4) | ||||||||||||||||
5,000,000 | Morgan Stanley Capital I Trust | 3.224 | 06/15/52 | 5,441,666 | ||||||||||||
Series - 2019 H6 (Class ASB) | ||||||||||||||||
750,000 | Morgan Stanley Capital I Trust | 3.417 | 06/15/52 | 808,460 | ||||||||||||
Series - 2019 H6 (Class A4) | ||||||||||||||||
5,000,000 | Morgan Stanley Capital I Trust | 1.790 | 07/15/53 | 4,770,964 | ||||||||||||
Series - 2020 HR8 (Class A3) | ||||||||||||||||
1,500,000 | UBS Barclays Commercial Mortgage Trust | 3.185 | 03/10/46 | 1,557,503 | ||||||||||||
Series - 2013 C5 (Class A4) | ||||||||||||||||
500,000 | UBS Barclays Commercial Mortgage Trust | 3.244 | 04/10/46 | 520,968 | ||||||||||||
Series - 2013 C6 (Class A4) | ||||||||||||||||
1,000,000 | UBS Barclays Commercial Mortgage Trust | 3.525 | 05/10/63 | 1,025,998 | ||||||||||||
Series - 2012 C2 (Class A4) | ||||||||||||||||
100,000 | UBS Commercial Mortgage Trust | 4.822 | 05/10/45 | 101,591 | ||||||||||||
Series - 2012 C1 (Class B) | ||||||||||||||||
1,000,000 | UBS Commercial Mortgage Trust | 2.998 | 08/15/50 | 1,025,757 | ||||||||||||
Series - 2017 C3 (Class A2) | ||||||||||||||||
1,500,000 | UBS Commercial Mortgage Trust | 3.426 | 08/15/50 | 1,635,008 | ||||||||||||
Series - 2017 C3 (Class A4) | ||||||||||||||||
1,000,000 | i | UBS Commercial Mortgage Trust | 3.739 | 08/15/50 | 1,083,322 | |||||||||||
Series - 2017 C3 (Class AS) | ||||||||||||||||
1,000,000 | UBS Commercial Mortgage Trust | 3.147 | 10/15/50 | 1,028,259 | ||||||||||||
Series - 2017 C4 (Class A2) | ||||||||||||||||
5,000,000 | UBS Commercial Mortgage Trust | 3.713 | 02/15/51 | 5,214,959 | ||||||||||||
Series - 2018 C8 (Class A2) | ||||||||||||||||
11,000,000 | UBS Commercial Mortgage Trust | 4.313 | 05/15/51 | 12,486,460 | ||||||||||||
Series - 2018 C10 (Class A4) | ||||||||||||||||
2,000,000 | UBS Commercial Mortgage Trust | 4.296 | 08/15/51 | 2,266,453 | ||||||||||||
Series - 2018 C12 (Class A5) | ||||||||||||||||
2,400,000 | i | UBS Commercial Mortgage Trust | 5.269 | 12/15/51 | 2,484,413 | |||||||||||
Series - 2018 C14 (Class C) | ||||||||||||||||
326,470 | UBS-Citigroup Commercial Mortgage Trust | 3.595 | 01/10/45 | 328,426 | ||||||||||||
Series - 2011 C1 (Class A3) | ||||||||||||||||
875,000 | i | Wells Fargo Commercial Mortgage Trust | 3.872 | 05/15/48 | 949,497 | |||||||||||
Series - 2015 C28 (Class AS) | ||||||||||||||||
2,000,000 | Wells Fargo Commercial Mortgage Trust | 3.695 | 11/15/48 | 2,196,592 | ||||||||||||
Series - 2015 C31 (Class A4) |
157 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 480,000 | i | Wells Fargo Commercial Mortgage Trust | 4.224 | % | 12/15/48 | $ | 517,523 | ||||||||
Series - 2015 NXS4 (Class B) | ||||||||||||||||
2,000,000 | Wells Fargo Commercial Mortgage Trust | 2.652 | 08/15/49 | 2,101,079 | ||||||||||||
Series - 2016 BNK1 (Class A3) | ||||||||||||||||
500,000 | Wells Fargo Commercial Mortgage Trust | 2.967 | 08/15/49 | 501,312 | ||||||||||||
Series - 2016 BNK1 (Class B) | ||||||||||||||||
1,000,000 | Wells Fargo Commercial Mortgage Trust | 3.377 | 11/15/49 | 1,062,511 | ||||||||||||
Series - 2016 NXS6 (Class AS) | ||||||||||||||||
2,000,000 | Wells Fargo Commercial Mortgage Trust | 4.152 | 08/15/51 | 2,250,164 | ||||||||||||
Series - 2018 C46 (Class A4) | ||||||||||||||||
2,700,000 | Wells Fargo Commercial Mortgage Trust | 3.760 | 03/15/52 | 2,982,181 | ||||||||||||
Series - 2019 C49 (Class A4) | ||||||||||||||||
2,000,000 | Wells Fargo Commercial Mortgage Trust | 3.635 | 05/15/52 | 2,208,478 | ||||||||||||
Series - 2019 C50 (Class ASB) | ||||||||||||||||
3,250,000 | Wells Fargo Commercial Mortgage Trust | 4.192 | 05/15/52 | 3,548,185 | ||||||||||||
Series - 2019 C50 (Class B) | ||||||||||||||||
10,000,000 | Wells Fargo Commercial Mortgage Trust | 3.040 | 10/15/52 | 10,522,490 | ||||||||||||
Series - 2019 C53 (Class A4) | ||||||||||||||||
2,500,000 | Wells Fargo Commercial Mortgage Trust | 1.810 | 07/15/53 | 2,390,842 | ||||||||||||
Series - 2020 C58 (Class A3) | ||||||||||||||||
1,500,000 | Wells Fargo Commercial Mortgage Trust | 2.092 | 07/15/53 | 1,456,476 | ||||||||||||
Series - 2020 C58 (Class A4) | ||||||||||||||||
500,000 | Wells Fargo Commercial Mortgage Trust | 2.398 | 07/15/53 | 487,823 | ||||||||||||
Series - 2020 C58 (Class AS) | ||||||||||||||||
10,000,000 | Wells Fargo Commercial Mortgage Trust | 1.864 | 08/15/53 | 9,576,239 | ||||||||||||
Series - 2020 C57 (Class A3) | ||||||||||||||||
117,000 | Wells Fargo Commercial Mortgage Trust | 3.896 | 03/15/59 | 121,547 | ||||||||||||
Series - 2016 C33 (Class C) | ||||||||||||||||
1,075,000 | WF-RBS Commercial Mortgage Trust | 3.037 | 03/15/45 | 1,113,264 | ||||||||||||
Series - 2013 C11 (Class A4) | ||||||||||||||||
400,000 | WF-RBS Commercial Mortgage Trust | 3.001 | 08/15/45 | 409,804 | ||||||||||||
Series - 2012 C8 (Class A3) | ||||||||||||||||
775,000 | WF-RBS Commercial Mortgage Trust | 3.241 | 12/15/45 | 790,395 | ||||||||||||
Series - 2012 C10 (Class AS) | ||||||||||||||||
600,000 | WF-RBS Commercial Mortgage Trust | 3.337 | 06/15/46 | 631,155 | ||||||||||||
Series - 2013 C14 (Class A5) | ||||||||||||||||
500,000 | i | WF-RBS Commercial Mortgage Trust | 4.646 | 03/15/47 | 522,982 | |||||||||||
Series - 2014 C19 (Class C) | ||||||||||||||||
1,000,000 | i | WF-RBS Commercial Mortgage Trust | 4.723 | 03/15/47 | 1,079,365 | |||||||||||
Series - 2014 C19 (Class B) | ||||||||||||||||
500,000 | WF-RBS Commercial Mortgage Trust | 3.198 | 03/15/48 | 521,483 | ||||||||||||
Series - 2013 C12 (Class A4) | ||||||||||||||||
TOTAL OTHER MORTGAGE BACKED | 410,388,769 | |||||||||||||||
TOTAL STRUCTURED ASSETS | 533,305,520 | |||||||||||||||
(Cost $521,102,505) | ||||||||||||||||
TOTAL BONDS | 19,395,462,125 | |||||||||||||||
(Cost $18,879,589,090) |
158 |
TIAA-CREF FUNDS - Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
SHORT-TERM INVESTMENTS - 2.4% | ||||||||||||||||
GOVERNMENT AGENCY DEBT - 1.5% | ||||||||||||||||
$ | 1,748,000 | Federal Farm Credit Bank (FFCB) | 0.010 | % | 04/01/21 | $ | 1,748,000 | |||||||||
19,255,000 | Federal Home Loan Bank (FHLB) | 0.005 | 04/07/21 | 19,255,000 | ||||||||||||
17,722,000 | FHLB | 0.010 | 04/14/21 | 17,722,000 | ||||||||||||
33,000,000 | FHLB | 0.015 | 04/16/21 | 33,000,000 | ||||||||||||
55,783,000 | FHLB | 0.035 | 04/21/21 | 55,783,000 | ||||||||||||
72,447,000 | FHLB | 0.010 | 04/23/21 | 72,447,000 | ||||||||||||
8,082,000 | FHLB | 0.010 | 04/28/21 | 8,082,000 | ||||||||||||
3,036,000 | FHLB | 0.005 | 05/05/21 | 3,035,971 | ||||||||||||
28,548,000 | FHLB | 0.019 | 05/19/21 | 28,547,620 | ||||||||||||
20,000,000 | FHLB | 0.015 | 06/08/21 | 19,999,244 | ||||||||||||
29,500,000 | Federal Home Loan Mortgage Corp (FHLMC) | 0.000 | 01/13/22 | 30,032,789 | ||||||||||||
TOTAL GOVERNMENT AGENCY DEBT | 289,652,624 | |||||||||||||||
TREASURY DEBT - 0.7% | ||||||||||||||||
25,000,000 | United States Treasury Bill | 0.010 | 04/06/21 | 24,999,974 | ||||||||||||
33,050,000 | United States Treasury Bill | 0.032 | 04/08/21 | 33,049,968 | ||||||||||||
20,000,000 | United States Treasury Bill | 0.020 | 05/06/21 | 19,999,757 | ||||||||||||
5,000,000 | United States Treasury Bill | 0.010 | 05/13/21 | 4,999,884 | ||||||||||||
20,060,000 | United States Treasury Bill | 0.042 | 05/27/21 | 20,059,610 | ||||||||||||
28,000,000 | United States Treasury Bill | 0.033 | 06/01/21 | 27,999,288 | ||||||||||||
TOTAL TREASURY DEBT | 131,108,481 | |||||||||||||||
SHARES | COMPANY | |||||||||||||||
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.2% | ||||||||||||||||
47,264,181 | c | State Street Navigator Securities Lending Government Money Market Portfolio | 0.030 | 47,264,181 | ||||||||||||
TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES | 47,264,181 | |||||||||||||||
TOTAL SHORT-TERM INVESTMENTS | 468,025,286 | |||||||||||||||
(Cost $467,622,740) | ||||||||||||||||
TOTAL INVESTMENTS - 101.8% | 19,863,487,411 | |||||||||||||||
(Cost $19,347,211,830) | ||||||||||||||||
OTHER ASSETS & LIABILITIES, NET - (1.8)% | (344,240,291 | ) | ||||||||||||||
NET ASSETS - 100.0% | $ | 19,519,247,120 |
Abbreviation(s): | |||
DGS1 | 1-Year Treasury Constant Maturity Rate | ||
LIBOR | London Interbank Offered Rate | ||
M | Month | ||
REIT | Real Estate Investment Trust | ||
‡ | Perpetual security | ||
c | Investments made with cash collateral received from securities on loan. | ||
e | All or a portion of these securities are out on loan. The aggregate value of securities on loan is $48,044,994. | ||
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 3/31/2021, the aggregate value of these securities is $172,245,116 or 0.9% 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. |
159 |
TIAA-CREF FUNDS - Core Bond Fund
TIAA-CREF FUNDS
CORE BOND FUND
SCHEDULE OF INVESTMENTS
March 31, 2021
REFERENCE | MATURITY | ||||||||||||||||
PRINCIPAL | ISSUER | RATE & SPREAD | RATE | DATE | VALUE | ||||||||||||
BANK LOAN OBLIGATIONS - 2.4% | |||||||||||||||||
AUTOMOBILES & COMPONENTS - 0.0% | |||||||||||||||||
$ | 969,643 | i | Clarios Global LP | LIBOR 1 M + 3.250% | 3.359 | % | 04/30/26 | $ | 958,735 | ||||||||
808,652 | i | Gates Global LLC | LIBOR 1 M + 2.750% | 3.500 | 03/31/27 | 805,959 | |||||||||||
100,000 | i | Truck Hero, Inc | LIBOR 1 M + 3.750% | 4.500 | 01/31/28 | 99,681 | |||||||||||
TOTAL AUTOMOBILES & COMPONENTS | 1,864,375 | ||||||||||||||||
BANKS - 0.0% | |||||||||||||||||
1,492,327 | i | IG Investments Holdings LLC | LIBOR 3 M + 4.000% | 5.000 | 05/21/25 | 1,490,462 | |||||||||||
TOTAL BANKS | 1,490,462 | ||||||||||||||||
CAPITAL GOODS - 0.1% | |||||||||||||||||
701,491 | i | Avolon TLB Borrower US LLC | LIBOR 1 M + 1.750% | 2.500 | 01/15/25 | 698,551 | |||||||||||
915,750 | i | Avolon TLB Borrower US LLC | LIBOR 1 M + 1.500% | 2.250 | 02/12/27 | 903,790 | |||||||||||
2,497,449 | h,i | Blount International, Inc | LIBOR 1 M + 3.750% | 4.750 | 04/12/23 | 2,500,571 | |||||||||||
994,898 | i | Cornerstone Building Brands, Inc | LIBOR 1 M + 3.750% | 3.856 | 04/12/25 | 993,157 | |||||||||||
992,500 | i | Gardner Denver, Inc | LIBOR 1 M + 2.750% | 2.850 | 03/01/27 | 989,602 | |||||||||||
383,394 | i | Prometric Holdings Inc | LIBOR 1 M + 3.000% | 4.000 | 01/29/25 | 376,098 | |||||||||||
1,458,920 | i | TransDigm, Inc | LIBOR 1 M + 2.250% | 2.359 | 08/22/24 | 1,430,442 | |||||||||||
477,845 | i | TransDigm, Inc | LIBOR 1 M + 2.250% | 2.359 | 12/09/25 | 467,490 | |||||||||||
TOTAL CAPITAL GOODS | 8,359,701 | ||||||||||||||||
COMMERCIAL & PROFESSIONAL SERVICES - 0.3% | |||||||||||||||||
2,147,813 | i | Allied Universal Holdco LLC | LIBOR 1 M + 4.250% | 4.359 | 07/10/26 | 2,140,295 | |||||||||||
485,001 | i | Brightview Landscapes LLC | LIBOR 1 M + 2.500% | 2.625 | 08/15/25 | 482,804 | |||||||||||
1,361,111 | i | Clean Harbors, Inc | LIBOR 1 M + 1.750% | 1.859 | 06/28/24 | 1,361,111 | |||||||||||
2,552,858 | i | Filtration Group Corp | LIBOR 1 M + 3.000% | 3.109 | 03/28/25 | 2,513,927 | |||||||||||
772,120 | i | Filtration Group Corp | LIBOR 1 M + 3.750% | 4.500 | 03/29/25 | 770,769 | |||||||||||
1,391,257 | i | GFL Environmental, Inc | LIBOR 1 M + 3.000% | 3.500 | 05/30/25 | 1,391,257 | |||||||||||
256,475 | i | KAR Auction Services, Inc | LIBOR 1 M + 2.250% | 2.375 | 09/19/26 | 251,025 | |||||||||||
2,400,000 | i | Maxar Technologies Ltd | LIBOR 1 M + 2.750% | 2.870 | 10/05/24 | 2,369,256 | |||||||||||
1,025,000 | i | PAE Holding Corp | LIBOR 3 M + 4.500% | 5.250 | 10/14/27 | 1,024,149 | |||||||||||
1,462,500 | h,i | Peraton Corp | LIBOR 1 M + 3.750% | 4.500 | 02/01/28 | 1,461,286 | |||||||||||
2,621,982 | i | Prime Security Services Borrower LLC | LIBOR 1 and 3 M + 2.750% | 3.500 | 09/23/26 | 2,609,685 | |||||||||||
1,477,330 | i | Sedgwick Claims Management Services, Inc | LIBOR 1 M + 3.250% | 3.359 | 12/31/25 | 1,456,189 | |||||||||||
1,845,000 | h,i | Spin Holdco, Inc | LIBOR 3 M + 4.000% | 4.750 | 03/01/28 | 1,827,860 | |||||||||||
935,979 | i | Syneos Health Inc | LIBOR 1 M + 1.750% | 1.859 | 08/01/24 | 928,959 | |||||||||||
1,298,812 | i | Trans Union LLC | LIBOR 1 M + 1.750% | 1.859 | 11/16/26 | 1,289,071 | |||||||||||
2,000,000 | i | West Corp | LIBOR 3 M + 4.000% | 5.000 | 10/10/24 | 1,933,880 | |||||||||||
TOTAL COMMERCIAL & PROFESSIONAL SERVICES | 23,811,523 | ||||||||||||||||
CONSUMER DURABLES & APPAREL - 0.0% | |||||||||||||||||
1,496,250 | i | Great Outdoors Group LLC | LIBOR 3 M + 4.250% | 5.000 | 03/06/28 | 1,496,998 | |||||||||||
1,000,000 | h,i | Hayward Industries, Inc | LIBOR 1 M + 3.500% | 3.615 | 08/04/24 | 998,130 | |||||||||||
1,074,317 | i | Samsonite IP Holdings Sarl | LIBOR 1 M + 1.750% | 1.859 | 04/25/25 | 1,055,968 | |||||||||||
TOTAL CONSUMER DURABLES & APPAREL | 3,551,096 |
160 |
TIAA-CREF FUNDS - Core Bond Fund
REFERENCE | MATURITY | ||||||||||||||||
PRINCIPAL | ISSUER | RATE & SPREAD | RATE | DATE | VALUE | ||||||||||||
CONSUMER SERVICES - 0.2% | |||||||||||||||||
$ | 1,338,900 | i | 1011778 BC ULC | LIBOR 1 M + 1.750% | 1.859 | % | 11/19/26 | $ | 1,313,381 | ||||||||
1,375,000 | i | AlixPartners LLP | LIBOR 1 M + 2.750% | 3.250 | 02/04/28 | 1,369,074 | |||||||||||
845,417 | i | Boyd Gaming Corp | LIBOR 1 W + 2.250% | 2.331 | 09/15/23 | 842,864 | |||||||||||
358,200 | i | Caesars Resort Collection LLC | LIBOR 1 M + 4.500% | 4.609 | 07/21/25 | 358,648 | |||||||||||
1,994,357 | i | Golden Nugget LLC | LIBOR 2 M + 2.500% | 3.250 | 10/04/23 | 1,960,952 | |||||||||||
2,700,000 | h,i | IRB Holding Corp | LIBOR 3 M + 3.250% | 4.250 | 12/15/27 | 2,687,337 | |||||||||||
388,531 | i | KFC Holding Co | LIBOR 1 M + 1.750% | 1.856 | 03/09/28 | 388,208 | |||||||||||
325,603 | i | KUEHG Corp | LIBOR 3 M + 3.750% | 4.750 | 02/21/25 | 317,915 | |||||||||||
1,995,000 | i | Life Time, Inc | LIBOR 3 M + 4.750% | 5.750 | 12/10/24 | 1,990,012 | |||||||||||
1,894,904 | i | Scientific Games International, Inc | LIBOR 1 M + 2.750% | 2.859 | 08/14/24 | 1,856,873 | |||||||||||
2,269,313 | i | Sophia LP | LIBOR 3 M + 3.750% | 4.500 | 10/07/27 | 2,266,476 | |||||||||||
2,079,862 | i | Sterling Midco Holdings, Inc | LIBOR 3 M + 3.500% | 4.500 | 06/19/24 | 2,050,079 | |||||||||||
TOTAL CONSUMER SERVICES | 17,401,819 | ||||||||||||||||
DIVERSIFIED FINANCIALS - 0.0% | |||||||||||||||||
615,411 | i | Lions Gate Capital Holdings LLC | LIBOR 1 M + 2.250% | 2.359 | 03/24/25 | 605,152 | |||||||||||
1,371,563 | i | Reynolds Group Holdings, Inc | LIBOR 1 M + 3.250% | 3.359 | 02/05/26 | 1,355,104 | |||||||||||
TOTAL DIVERSIFIED FINANCIALS | 1,960,256 | ||||||||||||||||
ENERGY - 0.0% | |||||||||||||||||
1,410,777 | i | Buckeye Partners LP | LIBOR 1 M + 2.250% | 2.359 | 11/01/26 | 1,403,426 | |||||||||||
633,750 | i | ChampionX Holding, Inc | LIBOR 3 M + 5.000% | 6.000 | 06/03/27 | 644,841 | |||||||||||
1,922,804 | i | Delek US Holdings, Inc | LIBOR 1 M + 2.250% | 2.359 | 03/31/25 | 1,864,159 | |||||||||||
TOTAL ENERGY | 3,912,426 | ||||||||||||||||
FOOD, BEVERAGE & TOBACCO - 0.1% | |||||||||||||||||
1,393,000 | i | Chobani LLC | LIBOR 1 M + 3.500% | 4.500 | 10/20/27 | 1,390,911 | |||||||||||
148,875 | i | Froneri US, Inc | LIBOR 1 M + 2.250% | 2.359 | 01/29/27 | 146,724 | |||||||||||
1,896,982 | h,i | Hearthside Food Solutions LLC | LIBOR 1 M + 3.688% | 3.796 | 05/23/25 | 1,876,836 | |||||||||||
987,469 | i | Hostess Brands LLC | LIBOR 1 and 3 M + 2.250% | 3.000 | 08/01/25 | 981,435 | |||||||||||
2,695,750 | h,i | Shearer’s Foods LLC | LIBOR 3 M + 4.000% | 4.250 | 09/23/27 | 2,688,579 | |||||||||||
633,000 | h,i | Triton Water Holdings, Inc | LIBOR 3 M + 3.500% | 4.000 | 03/31/28 | 630,031 | |||||||||||
TOTAL FOOD, BEVERAGE & TOBACCO | 7,714,516 | ||||||||||||||||
HEALTH CARE EQUIPMENT & SERVICES - 0.3% | |||||||||||||||||
1,500,000 | i | ADMI Corp | LIBOR 1 M + 3.250% | 3.750 | 12/23/27 | 1,485,420 | |||||||||||
999,840 | i | Change Healthcare Holdings LLC | LIBOR 1 and 3 M + 2.500% | 3.500 | 03/01/24 | 998,251 | |||||||||||
2,307,936 | i | Da Vinci Purchaser Corp | LIBOR 3 M + 4.000% | 5.000 | 01/08/27 | 2,307,220 | |||||||||||
1,231,289 | i | DaVita, Inc | LIBOR 1 M + 1.750% | 1.859 | 08/12/26 | 1,223,335 | |||||||||||
725,766 | i | Envision Healthcare Corp | LIBOR 1 M + 3.750% | 3.859 | 10/10/25 | 624,464 | |||||||||||
984,576 | i | ExamWorks Group Inc | LIBOR 3 M + 3.250% | 4.250 | 07/27/23 | 983,346 | |||||||||||
1,290,700 | i | Gentiva Health Services, Inc | LIBOR 1 M + 2.750% | 2.875 | 07/02/25 | 1,281,561 | |||||||||||
1,225,000 | i | Global Medical Response, Inc | LIBOR 3 M + 4.750% | 5.750 | 10/02/25 | 1,220,100 | |||||||||||
214,416 | i | Greatbatch Ltd | LIBOR 1 M + 2.500% | 3.500 | 10/27/22 | 214,416 | |||||||||||
2,049,063 | i | Grifols Worldwide Operations USA, Inc | LIBOR 1 W + 2.000% | 2.081 | 11/15/27 | 2,025,088 | |||||||||||
1,430,878 | h,i | National Mentor Holdings, Inc | LIBOR 3 M + 4.250% | 4.400 | 03/08/26 | 1,420,590 | |||||||||||
65,481 | h,i | National Mentor Holdings, Inc | LIBOR 1 M + 4.250% | 4.510 | 03/08/26 | 65,010 |
161 |
TIAA-CREF FUNDS - Core Bond Fund
REFERENCE | MATURITY | ||||||||||||||||
PRINCIPAL | ISSUER | RATE & SPREAD | RATE | DATE | VALUE | ||||||||||||
$ | 605,883 | i | NMN Holdings III Corp | LIBOR 1 M + 3.500% | 3.609 | % | 11/13/25 | $ | 599,824 | ||||||||
129,988 | i | NMN Holdings III Corp | LIBOR 1 M + 3.500% | 3.609 | 11/13/25 | 128,688 | |||||||||||
1,925,000 | i | Onex TSG Intermediate Corp | LIBOR 3 M + 4.750% | 5.500 | 02/28/28 | 1,902,651 | |||||||||||
997,500 | i | Phoenix Guarantor, Inc | LIBOR 1 M + 3.750% | 4.250 | 03/05/26 | 988,772 | |||||||||||
3,009,493 | i | RegionalCare Hospital Partners Holdings, Inc | LIBOR 1 M + 3.750% | 3.850 | 11/16/25 | 3,000,886 | |||||||||||
1,946,734 | i | Select Medical Corp | LIBOR 1 M + 2.250% | 2.360 | 03/06/25 | 1,933,165 | |||||||||||
2,988,392 | i | Surgery Center Holdings, Inc | LIBOR 1 M + 3.250% | 4.250 | 09/03/24 | 2,956,177 | |||||||||||
TOTAL HEALTH CARE EQUIPMENT & SERVICES | 25,358,964 | ||||||||||||||||
HOUSEHOLD & PERSONAL PRODUCTS - 0.0% | |||||||||||||||||
675,000 | i | Energizer Holdings, Inc | LIBOR 1 M + 2.250% | 2.750 | 12/16/27 | 671,341 | |||||||||||
1,000,000 | i | Kronos Acquisition Holdings, Inc | LIBOR 3 M + 3.750% | 4.250 | 12/22/26 | 984,640 | |||||||||||
1,446,375 | i | Weber-Stephen Products LLC | LIBOR 1 M + 3.250% | 4.000 | 10/29/27 | 1,444,567 | |||||||||||
TOTAL HOUSEHOLD & PERSONAL PRODUCTS | 3,100,548 | ||||||||||||||||
INSURANCE - 0.1% | |||||||||||||||||
1,365,210 | i | Acrisure LLC | LIBOR 3 M + 3.500% | 3.703 | 02/15/27 | 1,347,012 | |||||||||||
99,346 | i | Alliant Holdings Intermediate LLC | LIBOR 1 M + 3.750% | 4.250 | 11/05/27 | 99,044 | |||||||||||
1,937,651 | i | Asurion LLC | LIBOR 1 M + 3.000% | 3.109 | 11/03/24 | 1,928,874 | |||||||||||
833,545 | i | Asurion LLC | LIBOR 1 M + 3.250% | 3.359 | 12/23/26 | 827,744 | |||||||||||
1,485,000 | i | HUB International Ltd | LIBOR 3 M + 3.250% | 4.000 | 04/25/25 | 1,482,891 | |||||||||||
1,987,874 | i | NFP Corp | LIBOR 1 M + 3.250% | 3.359 | 02/15/27 | 1,956,188 | |||||||||||
1,974,425 | i | USI, Inc | LIBOR 3 M + 3.000% | 3.203 | 05/16/24 | 1,950,810 | |||||||||||
TOTAL INSURANCE | 9,592,563 | ||||||||||||||||
MATERIALS - 0.2% | |||||||||||||||||
1,922,810 | i | Chemours Co | LIBOR 1 M + 1.750% | 1.860 | 04/03/25 | 1,863,530 | |||||||||||
813,600 | i | H.B. Fuller Co | LIBOR 1 M + 2.000% | 2.111 | 10/21/24 | 809,736 | |||||||||||
775,000 | i | Kloeckner Pentaplast of America, Inc | LIBOR 3 M + 4.750% | 5.250 | 02/09/26 | 772,094 | |||||||||||
188,922 | i | MA FinanceCo LLC | LIBOR 1 M + 2.750% | 2.859 | 06/21/24 | 186,876 | |||||||||||
1,699,612 | i | Messer Industries USA, Inc | LIBOR 3 M + 2.500% | 2.703 | 03/01/26 | 1,684,537 | |||||||||||
1,425,727 | i | PQ Corp | LIBOR 3 M + 2.250% | 2.462 | 02/07/27 | 1,413,851 | |||||||||||
1,496,222 | h,i | Quikrete Holdings, Inc | LIBOR 1 M + 2.500% | 2.609 | 02/01/27 | 1,484,461 | |||||||||||
304,076 | i | Reynolds Consumer Products LLC | LIBOR 1 M + 1.750% | 1.859 | 02/04/27 | 302,403 | |||||||||||
2,970,590 | h,i | Solenis International LP | LIBOR 3 M + 4.000% | 4.190 | 06/26/25 | 2,958,381 | |||||||||||
286,396 | i | Starfruit US Holdco LLC | LIBOR 1 M + 2.750% | 2.860 | 10/01/25 | 281,803 | |||||||||||
1,461,414 | h,i | Tamko Building Products, Inc | LIBOR 1 M + 3.000% | 3.115 | 05/29/26 | 1,453,201 | |||||||||||
1,000,000 | i | Tank Holding Corp | LIBOR 2 and 3 M + 5.000% | 5.750 | 03/26/26 | 1,001,670 | |||||||||||
1,224,718 | i | Tronox Finance LLC | LIBOR 3 M + 2.500% | 2.607 | 03/02/28 | 1,217,320 | |||||||||||
554,982 | i | Univar USA, Inc | LIBOR 1 M + 2.250% | 2.359 | 07/01/24 | 552,728 | |||||||||||
TOTAL MATERIALS | 15,982,591 | ||||||||||||||||
MEDIA & ENTERTAINMENT - 0.3% | |||||||||||||||||
947,625 | i | Alliance Laundry Systems LLC | LIBOR 3 M + 3.500% | 4.250 | 10/08/27 | 945,351 | |||||||||||
2,000,000 | i | Altice Financing S.A. | LIBOR 3 M + 2.750% | 2.953 | 02/02/26 | 1,958,120 | |||||||||||
997,500 | i | Arches Buyer, Inc | LIBOR 1 M + 3.250% | 3.750 | 12/06/27 | 989,520 | |||||||||||
1,221,938 | i | Arterra Wines Canada, Inc | LIBOR 3 M + 3.500% | 4.250 | 11/19/27 | 1,221,424 | |||||||||||
1,293,500 | i | Asplundh Tree Expert LLC | LIBOR 1 M + 1.750% | 1.859 | 09/02/27 | 1,289,257 | |||||||||||
298,500 | i | Banijay Group US Holding, Inc | LIBOR 1 M + 3.750% | 3.854 | 03/04/25 | 295,017 | |||||||||||
199,500 | i | Cablevision Lightpath LLC | LIBOR 1 M + 3.250% | 3.750 | 11/30/27 | 199,001 | |||||||||||
148,137 | i | Cirque Du Soleil Holding USA Newco, Inc | LIBOR 3 M + 6.000% | 7.000 | 11/24/25 | 147,812 | |||||||||||
131,552 | i | Cirque Du Soleil Holding USA Newco, Inc | LIBOR 3 M + 1.000% | 2.000 | 11/24/27 | 122,343 |
162 |
TIAA-CREF FUNDS - Core Bond Fund
REFERENCE | MATURITY | ||||||||||||||||
PRINCIPAL | ISSUER | RATE & SPREAD | RATE | DATE | VALUE | ||||||||||||
$ | 600,000 | i | CNT Holdings I Corp | LIBOR 3 M + 3.750% | 4.500 | % | 11/08/27 | $ | 598,314 | ||||||||
1,477,500 | i | Diamond Sports Group LLC | LIBOR 1 M + 3.250% | 3.360 | 08/24/26 | 1,008,394 | |||||||||||
2,400,000 | i | INEOS US Petrochem LLC | LIBOR 3 M + 2.750% | 3.250 | 01/29/26 | 2,391,000 | |||||||||||
800,000 | i | Journey Personal Care Corp | LIBOR 3 M + 4.250% | 5.000 | 03/01/28 | 800,336 | |||||||||||
273,788 | i | Nielsen Finance LLC | LIBOR 1 M + 2.000% | 2.103 | 10/04/23 | 273,232 | |||||||||||
1,799,833 | i | Nielsen Finance LLC | LIBOR 1 M + 3.750% | 4.750 | 06/06/25 | 1,802,929 | |||||||||||
421,875 | s | OneDigital Borrower LLC | LIBOR 3 M + 4.500% | 5.250 | 10/29/27 | 421,525 | |||||||||||
78,125 | OneDigital Borrower LLC | LIBOR 3 M + 4.500% | 5.250 | 10/29/27 | 78,060 | ||||||||||||
425,000 | i | Park River Holdings, Inc | LIBOR 3 M + 3.250% | 4.000 | 12/28/27 | 422,080 | |||||||||||
149,625 | i | Pluto Acquisition I, Inc | LIBOR 1 M + 5.000% | 5.500 | 06/22/26 | 149,625 | |||||||||||
740,625 | i | Pregis TopCo Corp | LIBOR 1 M + 3.750% | 3.859 | 07/31/26 | 733,989 | |||||||||||
284,000 | h,i | Pregis TopCo LLC | LIBOR 1 M + 4.250% | 5.000 | 07/31/26 | 284,000 | |||||||||||
284,000 | i | Pregis TopCo LLC | LIBOR 1 M + 4.250% | 5.000 | 07/31/26 | 284,000 | |||||||||||
1,400,000 | i | Rackspace Technology Global, Inc | LIBOR 3 M + 2.750% | 3.500 | 02/03/28 | 1,386,434 | |||||||||||
1,197,000 | i | Radiate Holdco LLC | LIBOR 1 M + 3.500% | 4.250 | 09/25/26 | 1,195,779 | |||||||||||
1,884,266 | i | Ryan Specialty Group LLC | LIBOR 1 M + 3.000% | 4.000 | 09/01/27 | 1,881,119 | |||||||||||
275,000 | i | SkyMiles IP Ltd | LIBOR 3 M + 3.750% | 4.750 | 10/20/27 | 288,475 | |||||||||||
183,627 | i,s | TricorBraun Holdings, Inc | LIBOR 3 M + 3.250% | 3.750 | 03/03/28 | 181,713 | |||||||||||
816,373 | i | TricorBraun Holdings, Inc | LIBOR 3 M + 3.250% | 3.750 | 03/03/28 | 807,867 | |||||||||||
640,794 | i | Univision Communications, Inc | LIBOR 1 M + 3.750% | 4.750 | 03/15/26 | 639,704 | |||||||||||
374,063 | i | US Radiology Specialists, Inc | LIBOR 3 M + 5.500% | 6.250 | 12/10/27 | 374,414 | |||||||||||
1,708,219 | i | Vertical US Newco, Inc | LIBOR 6 M + 4.250% | 4.567 | 07/30/27 | 1,710,781 | |||||||||||
950,000 | i | Virgin Media Bristol LLC | LIBOR 1 M + 2.500% | 2.606 | 01/31/28 | 940,719 | |||||||||||
265,391 | i | Wand NewCo 3, Inc | LIBOR 1 M + 3.000% | 3.109 | 02/05/26 | 261,909 | |||||||||||
1,400,000 | i | Woof Holdings, Inc | LIBOR 3 M + 3.750% | 4.500 | 12/21/27 | 1,393,000 | |||||||||||
525,000 | i | Zaxby’s Operating Co LP | LIBOR 1 M + 3.750% | 4.500 | 12/09/27 | 524,081 | |||||||||||
TOTAL MEDIA & ENTERTAINMENT | 28,001,324 | ||||||||||||||||
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.2% | |||||||||||||||||
603,125 | i | Alphabet Holding Co, Inc | LIBOR 1 M + 3.500% | 3.609 | 09/26/24 | 597,944 | |||||||||||
977,547 | i | Auris Luxembourg III Sarl | LIBOR 1 M + 3.750% | 3.859 | 02/27/26 | 946,998 | |||||||||||
623,438 | i | Avantor, Inc | LIBOR 1 M + 2.250% | 3.250 | 10/29/27 | 623,126 | |||||||||||
1,934,806 | i | Bausch Health Americas, Inc | LIBOR 1 M + 3.000% | 3.109 | 06/02/25 | 1,927,473 | |||||||||||
1,221,429 | i | Bausch Health Americas, Inc | LIBOR 1 M + 2.750% | 2.859 | 11/27/25 | 1,213,648 | |||||||||||
1,984,848 | i | Catalent Pharma Solutions, Inc | LIBOR 1 M + 2.000% | 2.500 | 02/22/28 | 1,984,015 | |||||||||||
1,677,963 | i | Endo International PLC | LIBOR 3 M + 4.250% | 5.000 | 04/29/24 | 1,659,086 | |||||||||||
1,009,137 | h,i | Endo Luxembourg Finance Co I Sarl | LIBOR 1 M + 5.000% | 5.750 | 03/10/28 | 997,784 | |||||||||||
1,277,545 | i | Horizon Therapeutics USA, Inc | LIBOR 1 M + 2.000% | 2.125 | 05/22/26 | 1,272,358 | |||||||||||
1,456,005 | i | PAREXEL International Corp | LIBOR 1 M + 2.750% | 2.865 | 09/27/24 | 1,438,038 | |||||||||||
1,104,106 | i | PPD, Inc | LIBOR 1 M + 2.250% | 2.750 | 01/13/28 | 1,097,603 | |||||||||||
TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 13,758,073 | ||||||||||||||||
REAL ESTATE - 0.0% | |||||||||||||||||
1,709,609 | i | Cushman & Wakefield plc | LIBOR 1 M + 2.750% | 2.865 | 08/21/25 | 1,672,921 | |||||||||||
TOTAL REAL ESTATE | 1,672,921 | ||||||||||||||||
RETAILING - 0.1% | |||||||||||||||||
1,792,114 | i | Hillman Group, Inc | LIBOR 1 M + 4.000% | 4.147 | 05/31/25 | 1,789,032 | |||||||||||
450,000 | i | LS GROUP OPCO ACQUISITIO | LIBOR 3 M + 3.500% | 4.250 | 11/02/27 | 449,626 | |||||||||||
1,600,000 | i | Resideo Funding, Inc | LIBOR 3 M + 2.250% | 2.750 | 02/09/28 | 1,594,000 | |||||||||||
975,094 | i | Staples, Inc | LIBOR 3 M + 5.000% | 5.205 | 04/16/26 | 949,908 | |||||||||||
TOTAL RETAILING | 4,782,566 |
163 |
TIAA-CREF FUNDS - Core Bond Fund
REFERENCE | MATURITY | ||||||||||||||||
PRINCIPAL | ISSUER | RATE & SPREAD | RATE | DATE | VALUE | ||||||||||||
SOFTWARE & SERVICES - 0.1% | |||||||||||||||||
$ | 500,000 | i | Avaya Holdings Corp | LIBOR 1 M + 4.250% | 4.356 | % | 12/15/27 | $ | 499,920 | ||||||||
994,987 | i | BY Crown Parent LLC | LIBOR 1 M + 3.000% | 4.000 | 01/31/26 | 994,052 | |||||||||||
793,731 | i | Camelot Finance S.A. | LIBOR 1 M + 3.000% | 3.109 | 10/30/26 | 787,032 | |||||||||||
997,500 | i | Camelot US Acquisition | LIBOR 1 M + 3.000% | 4.000 | 10/31/26 | 996,503 | |||||||||||
668,263 | i | Dun & Bradstreet Corp | LIBOR 1 M + 3.250% | 3.359 | 02/06/26 | 664,086 | |||||||||||
1,591,837 | i | Hyland Software, Inc | LIBOR 1 M + 3.500% | 4.250 | 07/01/24 | 1,589,353 | |||||||||||
1,994,962 | i | Informatica LLC | LIBOR 1 M + 3.250% | 3.371 | 02/14/27 | 1,978,005 | |||||||||||
68,912 | i | IQVIA, Inc | LIBOR 1 M + 1.750% | 1.859 | 03/07/24 | 68,533 | |||||||||||
411,296 | i | NeuStar, Inc | LIBOR 3 M + 3.500% | 4.500 | 08/08/24 | 390,953 | |||||||||||
475,000 | h,i | RealPage, Inc | LIBOR 3 M + 3.250% | 3.750 | 02/18/28 | 472,559 | |||||||||||
913,350 | i | Rocket Software, Inc | LIBOR 1 M + 4.250% | 4.359 | 11/28/25 | 910,382 | |||||||||||
TOTAL SOFTWARE & SERVICES | 9,351,378 | ||||||||||||||||
TECHNOLOGY HARDWARE & EQUIPMENT - 0.1% | |||||||||||||||||
2,181,386 | i | Dell International LLC | LIBOR 1 M + 1.750% | 2.000 | 09/19/25 | 2,178,463 | |||||||||||
108,779 | i | MTS Systems Corp | LIBOR 1 M + 3.250% | 4.000 | 07/05/23 | 108,643 | |||||||||||
835,030 | i | Plantronics, Inc | LIBOR 1 M + 2.500% | 2.615 | 07/02/25 | 823,106 | |||||||||||
755,472 | i | TTM Technologies, Inc | LIBOR 1 M + 2.500% | 2.615 | 09/28/24 | 751,695 | |||||||||||
551,149 | i | Western Digital Corp | LIBOR 1 M + 1.750% | 1.865 | 04/29/23 | 550,234 | |||||||||||
TOTAL TECHNOLOGY HARDWARE & EQUIPMENT | 4,412,141 | ||||||||||||||||
TELECOMMUNICATION SERVICES - 0.1% | |||||||||||||||||
1,865,578 | i | CommScope, Inc | LIBOR 1 M + 3.250% | 3.359 | 04/06/26 | 1,851,679 | |||||||||||
2,000,000 | i | SFR Group S.A. | LIBOR 1 M + 3.688% | 3.800 | 01/31/26 | 1,979,580 | |||||||||||
623,553 | i | Zayo Group Holdings, Inc | LIBOR 1 M + 3.000% | 3.115 | 03/09/27 | 618,084 | |||||||||||
TOTAL TELECOMMUNICATION SERVICES | 4,449,343 | ||||||||||||||||
TRANSPORTATION - 0.1% | |||||||||||||||||
1,454,545 | i | American Airlines, Inc | LIBOR 1 M + 2.000% | 2.106 | 12/14/23 | 1,387,884 | |||||||||||
750,000 | h,i | American Airlines, Inc | LIBOR 3 M + 4.750% | 5.500 | 03/24/28 | 767,580 | |||||||||||
315,570 | i | Avis Budget Car Rental LLC | LIBOR 1 M + 2.250% | 2.360 | 08/06/27 | 307,337 | |||||||||||
1,000,000 | h,i | Kenan Advantage Group, Inc | LIBOR 1 M + 3.750% | 4.500 | 03/24/26 | 992,810 | |||||||||||
550,000 | i | Mileage Plus Holdings LLC | LIBOR 3 M + 5.250% | 6.250 | 06/18/27 | 583,775 | |||||||||||
2,000,000 | i | XPO Logistics, Inc | LIBOR 1 M + 1.750% | 1.865 | 02/24/25 | 1,985,900 | |||||||||||
TOTAL TRANSPORTATION | 6,025,286 | ||||||||||||||||
UTILITIES - 0.1% | |||||||||||||||||
373,120 | i | Alera Group Intermediate Holdings, Inc | LIBOR 1 M + 4.000% | 4.500 | 08/01/25 | 372,654 | |||||||||||
990,000 | i | AssuredPartners, Inc | LIBOR 1 M + 4.500% | 5.500 | 02/12/27 | 989,752 | |||||||||||
930,552 | i | Calpine Corp | LIBOR 1 M + 2.500% | 2.610 | 12/02/27 | 924,076 | |||||||||||
2,054,000 | i | First Eagle Holdings, Inc | LIBOR 3 M + 2.500% | 2.703 | 02/02/27 | 2,024,895 | |||||||||||
1,970,203 | i | Gopher Resource LLC | LIBOR 1 M + 3.250% | 4.250 | 03/06/25 | 1,758,406 | |||||||||||
478,026 | i | ProQuest LLC | LIBOR 1 M + 3.250% | 3.359 | 10/23/26 | 474,680 | |||||||||||
1,275,839 | i | Seattle SpinCo, Inc | LIBOR 1 M + 2.750% | 2.859 | 06/21/24 | 1,262,022 | |||||||||||
812,250 | i | Talen Energy Supply LLC | LIBOR 1 M + 3.750% | 3.859 | 06/26/26 | 787,882 | |||||||||||
2,147,125 | h,i | Utz Quality Foods LLC | LIBOR 1 M + 3.000% | 3.109 | 01/20/28 | 2,142,208 | |||||||||||
910,006 | i | Vistra Operations Co LLC | LIBOR 1 M + 1.750% | 1.858 | 12/31/25 | 902,935 | |||||||||||
TOTAL UTILITIES | 11,639,510 | ||||||||||||||||
TOTAL BANK LOAN OBLIGATIONS | 208,193,382 | ||||||||||||||||
(Cost $209,412,677) |
164 |
TIAA-CREF FUNDS - Core Bond Fund
MATURITY | |||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | |||||||||||
BONDS - 95.2% | |||||||||||||||
CORPORATE BONDS - 40.1% | |||||||||||||||
AUTOMOBILES & COMPONENTS - 0.5% | |||||||||||||||
$ | 4,500,000 | g | Adient Global Holdings Ltd | 4.875 | % | 08/15/26 | $ | 4,651,110 | |||||||
200,000 | g | Adient US LLC | 9.000 | 04/15/25 | 222,000 | ||||||||||
1,875,000 | g | Allison Transmission, Inc | 3.750 | 01/30/31 | 1,816,406 | ||||||||||
450,000 | g | Dana Financing Luxembourg SARL | 6.500 | 06/01/26 | 466,875 | ||||||||||
225,000 | Dana, Inc | 5.375 | 11/15/27 | 236,250 | |||||||||||
225,000 | Dana, Inc | 5.625 | 06/15/28 | 240,750 | |||||||||||
750,000 | Ford Motor Co | 8.500 | 04/21/23 | 836,250 | |||||||||||
775,000 | Ford Motor Co | 9.000 | 04/22/25 | 938,614 | |||||||||||
4,900,000 | g | Gates Global LLC | 6.250 | 01/15/26 | 5,132,750 | ||||||||||
5,550,000 | General Motors Co | 6.125 | 10/01/25 | 6,526,292 | |||||||||||
1,400,000 | General Motors Co | 5.000 | 10/01/28 | 1,604,412 | |||||||||||
1,700,000 | General Motors Co | 6.600 | 04/01/36 | 2,206,489 | |||||||||||
5,050,000 | General Motors Co | 5.200 | 04/01/45 | 5,798,457 | |||||||||||
475,000 | General Motors Co | 6.750 | 04/01/46 | 641,171 | |||||||||||
5,000,000 | Goodyear Tire & Rubber Co | 5.250 | 04/30/31 | 5,000,000 | |||||||||||
1,000,000 | g,o | IHO Verwaltungs GmbH | 6.375 | 05/15/29 | 1,092,500 | ||||||||||
1,750,000 | Magna International, Inc | 3.625 | 06/15/24 | 1,892,082 | |||||||||||
TOTAL AUTOMOBILES & COMPONENTS | 39,302,408 | ||||||||||||||
BANKS - 8.4% | |||||||||||||||
2,000,000 | g | Akbank T.A.S. | 6.800 | 02/06/26 | 1,991,466 | ||||||||||
1,900,000 | g | Akbank T.A.S. | 7.200 | 03/16/27 | 1,828,815 | ||||||||||
4,100,000 | g | Australia & New Zealand Banking Group Ltd | 2.950 | 07/22/30 | 4,237,391 | ||||||||||
10,000,000 | g | Australia & New Zealand Banking Group Ltd | 6.750 | N/A‡ | 11,665,500 | ||||||||||
3,000,000 | Banco Bilbao Vizcaya Argentaria S.A. | 6.500 | N/A‡ | 3,244,800 | |||||||||||
2,000,000 | g | Banco de Bogota S.A. | 4.375 | 08/03/27 | 2,116,020 | ||||||||||
2,100,000 | g | Banco de Credito del Peru | 2.700 | 01/11/25 | 2,161,950 | ||||||||||
1,650,000 | g | Banco de Credito del Peru | 3.250 | 09/30/31 | 1,650,000 | ||||||||||
2,375,000 | g | Banco del Estado de Chile | 2.704 | 01/09/25 | 2,475,682 | ||||||||||
1,725,000 | g | Banco Industrial S.A. | 4.875 | 01/29/31 | 1,777,095 | ||||||||||
2,000,000 | g | Banco Internacional del Peru SAA Interbank | 3.375 | 01/18/23 | 2,065,000 | ||||||||||
3,300,000 | g | Banco Internacional del Peru SAA Interbank | 4.000 | 07/08/30 | 3,364,762 | ||||||||||
3,650,000 | g | Banco Santander Mexico S.A. Institucion de Banca Multiple Grupo Financiero Santand | 5.375 | 04/17/25 | 4,098,220 | ||||||||||
1,000,000 | Banco Santander S.A. | 2.746 | 05/28/25 | 1,044,829 | |||||||||||
4,200,000 | Banco Santander S.A. | 3.800 | 02/23/28 | 4,532,338 | |||||||||||
2,800,000 | Banco Santander S.A. | 2.749 | 12/03/30 | 2,667,069 | |||||||||||
3,000,000 | Banco Santander S.A. | 7.500 | N/A‡ | 3,296,250 | |||||||||||
3,700,000 | Bancolombia S.A. | 3.000 | 01/29/25 | 3,779,550 | |||||||||||
1,325,000 | Bancolombia S.A. | 4.625 | 12/18/29 | 1,339,906 | |||||||||||
3,000,000 | g | Bangkok Bank PCL | 5.000 | N/A‡ | 3,153,750 | ||||||||||
2,000,000 | g | Banistmo S.A. | 4.250 | 07/31/27 | 2,085,000 | ||||||||||
8,000,000 | g | Bank Leumi Le-Israel BM | 3.275 | 01/29/31 | 8,120,000 | ||||||||||
10,000,000 | Bank of America Corp | 4.000 | 01/22/25 | 10,951,100 | |||||||||||
20,300,000 | Bank of America Corp | 2.456 | 10/22/25 | 21,278,257 | |||||||||||
1,000,000 | Bank of America Corp | 4.450 | 03/03/26 | 1,124,017 | |||||||||||
6,800,000 | Bank of America Corp | 3.248 | 10/21/27 | 7,310,567 |
165 |
TIAA-CREF FUNDS - Core Bond Fund
MATURITY | |||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | |||||||||||
$ | 15,850,000 | Bank of America Corp | 3.824 | % | 01/20/28 | $ | 17,412,999 | ||||||||
16,950,000 | Bank of America Corp | 2.496 | 02/13/31 | 16,793,941 | |||||||||||
10,600,000 | Bank of America Corp | 2.592 | 04/29/31 | 10,577,870 | |||||||||||
10,000,000 | Bank of America Corp | 1.898 | 07/23/31 | 9,393,393 | |||||||||||
25,000,000 | Bank of America Corp | 1.922 | 10/24/31 | 23,526,642 | |||||||||||
5,000,000 | Bank of America Corp | 4.083 | 03/20/51 | 5,551,535 | |||||||||||
3,775,000 | Bank of America Corp | 3.483 | 03/13/52 | 3,846,674 | |||||||||||
12,900,000 | Bank of America Corp | 6.100 | N/A‡ | 14,319,000 | |||||||||||
5,000,000 | Bank of America Corp | 6.250 | N/A‡ | 5,534,000 | |||||||||||
3,750,000 | Bank of Montreal | 3.803 | 12/15/32 | 4,119,234 | |||||||||||
2,100,000 | Barclays plc | 4.338 | 05/16/24 | 2,248,641 | |||||||||||
7,000,000 | Barclays plc | 3.932 | 05/07/25 | 7,555,533 | |||||||||||
5,000,000 | Barclays plc | 7.750 | N/A‡ | 5,456,000 | |||||||||||
5,550,000 | g | BNP Paribas S.A. | 2.819 | 11/19/25 | 5,842,243 | ||||||||||
875,000 | g | BNP Paribas S.A. | 2.219 | 06/09/26 | 897,240 | ||||||||||
3,600,000 | g | BNP Paribas S.A. | 1.323 | 01/13/27 | 3,520,770 | ||||||||||
3,575,000 | g | BNP Paribas S.A. | 1.904 | 09/30/28 | 3,513,905 | ||||||||||
2,800,000 | g | BNP Paribas S.A. | 2.588 | 08/12/35 | 2,633,403 | ||||||||||
5,750,000 | Citigroup, Inc | 3.875 | 03/26/25 | 6,265,905 | |||||||||||
4,025,000 | Citigroup, Inc | 3.200 | 10/21/26 | 4,325,177 | |||||||||||
2,200,000 | Citigroup, Inc | 4.300 | 11/20/26 | 2,454,041 | |||||||||||
5,975,000 | Citigroup, Inc | 4.450 | 09/29/27 | 6,743,304 | |||||||||||
2,975,000 | Citigroup, Inc | 4.125 | 07/25/28 | 3,292,212 | |||||||||||
32,075,000 | Citigroup, Inc | 2.666 | 01/29/31 | 32,226,594 | |||||||||||
5,550,000 | Citigroup, Inc | 4.412 | 03/31/31 | 6,333,727 | |||||||||||
3,600,000 | Citigroup, Inc | 2.572 | 06/03/31 | 3,597,185 | |||||||||||
4,000,000 | Citigroup, Inc | 6.300 | N/A‡ | 4,249,240 | |||||||||||
5,000,000 | Citigroup, Inc | 5.000 | N/A‡ | 5,151,500 | |||||||||||
4,775,000 | Cooperatieve Rabobank UA | 3.750 | 07/21/26 | 5,207,644 | |||||||||||
2,350,000 | g | Credicorp Ltd | 2.750 | 06/17/25 | 2,394,650 | ||||||||||
5,200,000 | g | Credit Agricole S.A. | 1.247 | 01/26/27 | 5,085,853 | ||||||||||
315,000 | g | Danske Bank AS | 5.375 | 01/12/24 | 351,253 | ||||||||||
1,525,000 | g | DBS Group Holdings Ltd | 4.520 | 12/11/28 | 1,651,606 | ||||||||||
1,000,000 | Discover Bank | 3.200 | 08/09/21 | 1,007,550 | |||||||||||
4,200,000 | Discover Bank | 2.450 | 09/12/24 | 4,396,310 | |||||||||||
5,400,000 | Discover Bank | 3.450 | 07/27/26 | 5,843,733 | |||||||||||
2,275,000 | Discover Bank | 2.700 | 02/06/30 | 2,290,423 | |||||||||||
807,000 | Fifth Third Bancorp | 3.500 | 03/15/22 | 828,940 | |||||||||||
850,000 | g | Grupo Aval Ltd | 4.750 | 09/26/22 | 886,984 | ||||||||||
1,675,000 | g | Grupo Aval Ltd | 4.375 | 02/04/30 | 1,689,656 | ||||||||||
1,650,000 | HSBC Holdings plc | 2.633 | 11/07/25 | 1,724,426 | |||||||||||
3,025,000 | HSBC Holdings plc | 1.645 | 04/18/26 | 3,026,856 | |||||||||||
625,000 | HSBC Holdings plc | 3.900 | 05/25/26 | 689,150 | |||||||||||
15,640,000 | HSBC Holdings plc | 4.292 | 09/12/26 | 17,311,022 | |||||||||||
750,000 | HSBC Holdings plc | 4.375 | 11/23/26 | 835,344 | |||||||||||
2,025,000 | HSBC Holdings plc | 4.041 | 03/13/28 | 2,216,874 | |||||||||||
900,000 | HSBC Holdings plc | 2.013 | 09/22/28 | 884,391 | |||||||||||
2,275,000 | HSBC Holdings plc | 4.950 | 03/31/30 | 2,656,246 | |||||||||||
3,850,000 | HSBC Holdings plc | 3.973 | 05/22/30 | 4,166,106 | |||||||||||
2,000,000 | HSBC Holdings plc | 2.357 | 08/18/31 | 1,924,753 | |||||||||||
590,000 | HSBC Holdings plc | 6.800 | 06/01/38 | 809,172 | |||||||||||
10,250,000 | HSBC Holdings plc | 6.000 | N/A‡ | 11,221,188 | |||||||||||
360,000 | Huntington Bancshares, Inc | 4.000 | 05/15/25 | 398,941 | |||||||||||
4,100,000 | Huntington National Bank | 2.500 | 08/07/22 | 4,210,557 |
166 |
TIAA-CREF FUNDS - Core Bond Fund
MATURITY | |||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | |||||||||||
$ | 2,875,000 | g | ICICI Bank Ltd | 3.800 | % | 12/14/27 | $ | 3,040,719 | |||||||
6,775,000 | g | ING Groep NV | 1.400 | 07/01/26 | 6,740,041 | ||||||||||
400,000 | ING Groep NV | 3.950 | 03/29/27 | 443,245 | |||||||||||
3,000,000 | g | Intercorp Financial Services, Inc | 4.125 | 10/19/27 | 3,151,500 | ||||||||||
2,000,000 | g | Itau Unibanco Holding S.A. | 3.875 | 04/15/31 | 1,940,000 | ||||||||||
9,400,000 | JPMorgan Chase & Co | 2.301 | 10/15/25 | 9,784,796 | |||||||||||
2,500,000 | JPMorgan Chase & Co | 3.200 | 06/15/26 | 2,702,600 | |||||||||||
13,000,000 | JPMorgan Chase & Co | 4.203 | 07/23/29 | 14,706,680 | |||||||||||
19,405,000 | JPMorgan Chase & Co | 3.702 | 05/06/30 | 21,150,630 | |||||||||||
18,950,000 | JPMorgan Chase & Co | 2.739 | 10/15/30 | 19,259,265 | |||||||||||
11,680,000 | JPMorgan Chase & Co | 2.522 | 04/22/31 | 11,655,405 | |||||||||||
4,600,000 | JPMorgan Chase & Co | 2.956 | 05/13/31 | 4,685,060 | |||||||||||
12,125,000 | JPMorgan Chase & Co | 1.953 | 02/04/32 | 11,491,614 | |||||||||||
700,000 | JPMorgan Chase & Co | 4.260 | 02/22/48 | 812,738 | |||||||||||
6,535,000 | JPMorgan Chase & Co | 5.000 | N/A‡ | 6,755,556 | |||||||||||
16,000,000 | JPMorgan Chase & Co | 6.100 | N/A‡ | 17,224,000 | |||||||||||
775,000 | g | Kookmin Bank | 2.500 | 11/04/30 | 750,086 | ||||||||||
10,800,000 | Lloyds Banking Group plc | 7.500 | N/A‡ | 12,339,000 | |||||||||||
7,200,000 | Mitsubishi UFJ Financial Group, Inc | 2.193 | 02/25/25 | 7,426,794 | |||||||||||
3,500,000 | g,h | Mizrahi Tefahot Bank Ltd | 3.077 | 04/07/31 | 3,495,695 | ||||||||||
1,550,000 | MUFG Americas Holdings Corp | 3.500 | 06/18/22 | 1,607,161 | |||||||||||
7,210,000 | Natwest Group plc | 3.032 | 11/28/35 | 6,878,917 | |||||||||||
3,000,000 | Natwest Group plc | 8.000 | N/A‡ | 3,517,500 | |||||||||||
2,335,000 | g | Oversea-Chinese Banking Corp Ltd | 1.832 | 09/10/30 | 2,313,658 | ||||||||||
5,050,000 | PNC Bank NA | 2.700 | 10/22/29 | 5,161,529 | |||||||||||
1,500,000 | PNC Financial Services Group, Inc | 3.900 | 04/29/24 | 1,636,859 | |||||||||||
5,100,000 | Royal Bank of Canada | 2.550 | 07/16/24 | 5,378,582 | |||||||||||
5,000,000 | Royal Bank of Scotland Group plc | 3.498 | 05/15/23 | 5,153,941 | |||||||||||
3,250,000 | Royal Bank of Scotland Group plc | 3.073 | 05/22/28 | 3,381,748 | |||||||||||
3,125,000 | Santander Holdings USA, Inc | 3.400 | 01/18/23 | 3,262,674 | |||||||||||
2,500,000 | g | Sovcombank Via SovCom Capital DAC | 3.400 | 01/26/25 | 2,469,343 | ||||||||||
6,500,000 | Sumitomo Mitsui Financial Group, Inc | 2.696 | 07/16/24 | 6,872,003 | |||||||||||
5,550,000 | Toronto-Dominion Bank | 1.150 | 06/12/25 | 5,552,632 | |||||||||||
1,300,000 | Toronto-Dominion Bank | 3.625 | 09/15/31 | 1,424,773 | |||||||||||
570,000 | Truist Bank | 2.450 | 08/01/22 | 585,226 | |||||||||||
1,075,000 | Truist Bank | 2.750 | 05/01/23 | 1,125,668 | |||||||||||
10,000,000 | Truist Bank | 3.689 | 08/02/24 | 10,686,170 | |||||||||||
2,125,000 | Truist Bank | 1.500 | 03/10/25 | 2,158,958 | |||||||||||
5,000,000 | Truist Financial Corp | 4.950 | N/A‡ | 5,418,750 | |||||||||||
9,800,000 | Truist Financial Corp | 4.800 | N/A‡ | 10,275,986 | |||||||||||
1,500,000 | g | Turkiye Garanti Bankasi AS. | 6.125 | 05/24/27 | 1,440,240 | ||||||||||
2,500,000 | e,g | Turkiye Vakiflar Bankasi TAO | 6.500 | 01/08/26 | 2,394,273 | ||||||||||
2,900,000 | g | UBS Group AG. | 2.095 | 02/11/32 | 2,743,157 | ||||||||||
2,000,000 | UniCredit SpA | 8.000 | N/A‡ | 2,230,000 | |||||||||||
1,400,000 | g | United Overseas Bank Ltd | 3.750 | 04/15/29 | 1,496,824 | ||||||||||
3,650,000 | Wells Fargo & Co | 3.750 | 01/24/24 | 3,946,984 | |||||||||||
3,425,000 | Wells Fargo & Co | 3.550 | 09/29/25 | 3,733,250 | |||||||||||
10,475,000 | Wells Fargo & Co | 2.393 | 06/02/28 | 10,735,763 | |||||||||||
6,050,000 | Wells Fargo & Co | 2.879 | 10/30/30 | 6,232,176 | |||||||||||
8,500,000 | Wells Fargo & Co | 5.875 | N/A‡ | 9,358,500 | |||||||||||
6,000,000 | Wells Fargo & Co | 5.900 | N/A‡ | 6,376,500 | |||||||||||
15,000,000 | Wells Fargo & Co | 3.900 | N/A‡ | 15,148,500 | |||||||||||
3,875,000 | Westpac Banking Corp | 4.110 | 07/24/34 | 4,137,764 | |||||||||||
TOTAL BANKS | 728,842,303 | ||||||||||||||
167 |
TIAA-CREF FUNDS - Core Bond Fund
MATURITY | |||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | |||||||||||
CAPITAL GOODS - 1.3% | |||||||||||||||
$ | 1,500,000 | g | Adaro Indonesia PT | 4.250 | % | 10/31/24 | $ | 1,515,000 | |||||||
1,354,000 | Air Lease Corp | 3.000 | 02/01/30 | 1,325,170 | |||||||||||
5,000,000 | Air Lease Corp | 3.125 | 12/01/30 | 4,985,177 | |||||||||||
2,125,000 | g | BAE Systems plc | 3.400 | 04/15/30 | 2,255,602 | ||||||||||
1,325,000 | g | BAE Systems plc | 1.900 | 02/15/31 | 1,243,313 | ||||||||||
500,000 | g | Beacon Escrow Corp | 4.875 | 11/01/25 | 511,250 | ||||||||||
200,000 | g | Beacon Roofing Supply, Inc | 4.500 | 11/15/26 | 205,500 | ||||||||||
2,000,000 | g | BOC Aviation Ltd | 3.000 | 09/11/29 | 1,994,761 | ||||||||||
17,400,000 | Boeing Co | 2.196 | 02/04/26 | 17,346,042 | |||||||||||
6,900,000 | Boeing Co | 2.950 | 02/01/30 | 6,880,797 | |||||||||||
1,825,000 | Boeing Co | 3.250 | 02/01/35 | 1,768,640 | |||||||||||
4,325,000 | g | DAE Funding LLC | 3.375 | 03/20/28 | 4,289,330 | ||||||||||
232,000 | General Electric Co | 6.875 | 01/10/39 | 326,275 | |||||||||||
3,075,000 | g | H&E Equipment Services, Inc | 3.875 | 12/15/28 | 2,990,438 | ||||||||||
975,000 | g | Hidrovias International Finance SARL | 4.950 | 02/08/31 | 975,000 | ||||||||||
200,000 | Howmet Aerospace, Inc | 6.875 | 05/01/25 | 231,750 | |||||||||||
500,000 | e | Ingersoll-Rand Global Holding Co Ltd | 3.750 | 08/21/28 | 548,395 | ||||||||||
6,655,000 | Ingersoll-Rand Luxembourg Finance S.A. | 3.800 | 03/21/29 | 7,301,050 | |||||||||||
1,100,000 | L3Harris Technologies, Inc | 3.850 | 06/15/23 | 1,173,556 | |||||||||||
850,000 | Lockheed Martin Corp | 1.850 | 06/15/30 | 827,700 | |||||||||||
1,100,000 | Lockheed Martin Corp | 2.800 | 06/15/50 | 1,037,463 | |||||||||||
2,503,000 | g | Molex Electronic Technologies LLC | 3.900 | 04/15/25 | 2,549,140 | ||||||||||
5,775,000 | Northrop Grumman Corp | 3.250 | 01/15/28 | 6,195,073 | |||||||||||
10,825,000 | Parker-Hannifin Corp | 3.250 | 06/14/29 | 11,569,533 | |||||||||||
3,300,000 | Raytheon Technologies Corp | 2.250 | 07/01/30 | 3,247,696 | |||||||||||
325,000 | g | Rolls-Royce plc | 5.750 | 10/15/27 | 345,816 | ||||||||||
3,100,000 | Roper Technologies, Inc | 1.400 | 09/15/27 | 2,995,090 | |||||||||||
1,800,000 | Roper Technologies, Inc | 2.950 | 09/15/29 | 1,874,502 | |||||||||||
3,550,000 | Roper Technologies, Inc | 2.000 | 06/30/30 | 3,391,852 | |||||||||||
3,000,000 | g | TSMC Global Ltd | 0.750 | 09/28/25 | 2,928,918 | ||||||||||
2,000,000 | g | TSMC Global Ltd | 1.000 | 09/28/27 | 1,921,927 | ||||||||||
1,400,000 | g | Tupy Overseas S.A. | 4.500 | 02/16/31 | 1,358,014 | ||||||||||
248,000 | United Technologies Corp | 3.650 | 08/16/23 | 265,307 | |||||||||||
6,975,000 | United Technologies Corp | 4.125 | 11/16/28 | 7,854,781 | |||||||||||
5,000,000 | United Technologies Corp | 4.500 | 06/01/42 | 5,962,478 | |||||||||||
575,000 | g | WESCO Distribution, Inc | 7.125 | 06/15/25 | 628,763 | ||||||||||
425,000 | g | WESCO Distribution, Inc | 7.250 | 06/15/28 | 474,468 | ||||||||||
TOTAL CAPITAL GOODS | 113,295,567 | ||||||||||||||
COMMERCIAL & PROFESSIONAL SERVICES - 0.4% | |||||||||||||||
500,000 | ADT Corp | 4.125 | 06/15/23 | 519,375 | |||||||||||
3,900,000 | g | ADT Corp | 4.875 | 07/15/32 | 3,963,375 | ||||||||||
1,000,000 | AECOM | 5.125 | 03/15/27 | 1,088,125 | |||||||||||
325,000 | g | ASGN, Inc | 4.625 | 05/15/28 | 335,296 | ||||||||||
1,912,889 | g | British Airways | 3.800 | 09/20/31 | 1,993,311 | ||||||||||
150,000 | g | GFL Environmental, Inc | 4.250 | 06/01/25 | 154,500 | ||||||||||
1,000,000 | g | GFL Environmental, Inc | 3.750 | 08/01/25 | 1,015,000 | ||||||||||
125,000 | g | GFL Environmental, Inc | 5.125 | 12/15/26 | 131,719 | ||||||||||
3,150,000 | g | GFL Environmental, Inc | 3.500 | 09/01/28 | 3,055,500 | ||||||||||
850,000 | IHS Markit Ltd | 4.125 | 08/01/23 | 910,869 | |||||||||||
1,375,000 | IHS Markit Ltd | 4.250 | 05/01/29 | 1,548,841 |
168 |
TIAA-CREF FUNDS - Core Bond Fund
REFERENCE | MATURITY | ||||||||||||||||
PRINCIPAL | ISSUER | RATE & SPREAD | RATE | DATE | VALUE | ||||||||||||
$ | 1,500,000 | g,i | Nakama Re Ltd | LIBOR 6 M + 2.200% | 2.200 | % | 10/13/21 | $ | 1,501,650 | ||||||||
125,000 | g,h | NESCO Holdings II, Inc | 5.500 | 04/15/29 | 128,225 | ||||||||||||
2,125,000 | g | Prime Security Services Borrower LLC | 5.750 | 04/15/26 | 2,299,356 | ||||||||||||
1,300,000 | g | Prime Security Services Borrower LLC | 3.375 | 08/31/27 | 1,261,000 | ||||||||||||
2,655,000 | g | Prime Security Services Borrower LLC | 6.250 | 01/15/28 | 2,763,828 | ||||||||||||
2,225,000 | Republic Services, Inc | 2.900 | 07/01/26 | 2,372,809 | |||||||||||||
100,000 | g | Ritchie Bros Auctioneers, Inc | 5.375 | 01/15/25 | 102,885 | ||||||||||||
1,150,000 | g | Stericycle, Inc | 3.875 | 01/15/29 | 1,135,625 | ||||||||||||
1,000,000 | United Rentals North America, Inc | 5.875 | 09/15/26 | 1,046,250 | |||||||||||||
880,000 | Verisk Analytics, Inc | 4.125 | 03/15/29 | 977,903 | |||||||||||||
525,000 | Verisk Analytics, Inc | 3.625 | 05/15/50 | 516,090 | |||||||||||||
1,800,000 | Waste Management, Inc | 2.900 | 09/15/22 | 1,855,015 | |||||||||||||
550,000 | Waste Management, Inc | 4.100 | 03/01/45 | 620,941 | |||||||||||||
1,500,000 | Waste Management, Inc | 2.500 | 11/15/50 | 1,295,540 | |||||||||||||
TOTAL COMMERCIAL & PROFESSIONAL SERVICES | 32,593,028 | ||||||||||||||||
CONSUMER DURABLES & APPAREL - 0.1% | |||||||||||||||||
750,000 | Leggett & Platt, Inc | 4.400 | 03/15/29 | 838,099 | |||||||||||||
5,000,000 | Lennar Corp | 4.750 | 11/29/27 | 5,740,600 | |||||||||||||
275,000 | g | Mattel, Inc | 3.375 | 04/01/26 | 283,921 | ||||||||||||
219,000 | Newell Brands, Inc | 4.875 | 06/01/25 | 241,721 | |||||||||||||
5,000,000 | PulteGroup, Inc | 5.000 | 01/15/27 | 5,750,000 | |||||||||||||
TOTAL CONSUMER DURABLES & APPAREL | 12,854,341 | ||||||||||||||||
CONSUMER SERVICES - 0.5% | |||||||||||||||||
16,500,000 | Anheuser-Busch Cos LLC | 3.650 | 02/01/26 | 18,141,581 | |||||||||||||
5,500,000 | Anheuser-Busch Cos LLC | 4.900 | 02/01/46 | 6,569,991 | |||||||||||||
750,000 | g | Arcos Dorados Holdings, Inc | 5.875 | 04/04/27 | 790,320 | ||||||||||||
1,100,000 | g | Cedar Fair LP | 5.500 | 05/01/25 | 1,157,794 | ||||||||||||
2,300,000 | g | ENA Master Trust | 4.000 | 05/19/48 | 2,334,500 | ||||||||||||
125,000 | g | Hilton Domestic Operating Co, Inc | 5.375 | 05/01/25 | 131,750 | ||||||||||||
125,000 | g | Hilton Domestic Operating Co, Inc | 5.750 | 05/01/28 | 134,534 | ||||||||||||
3,700,000 | g | Hilton Domestic Operating Co, Inc | 3.625 | 02/15/32 | 3,591,220 | ||||||||||||
400,000 | g | International Game Technology plc | 4.125 | 04/15/26 | 411,032 | ||||||||||||
540,000 | g | International Game Technology plc | 6.250 | 01/15/27 | 598,290 | ||||||||||||
1,550,000 | g | Melco Resorts Finance Ltd | 5.750 | 07/21/28 | 1,650,750 | ||||||||||||
950,000 | g | MGM China Holdings Ltd | 5.250 | 06/18/25 | 986,812 | ||||||||||||
1,400,000 | g | MGM China Holdings Ltd | 4.750 | 02/01/27 | 1,419,250 | ||||||||||||
1,400,000 | Sands China Ltd | 5.400 | 08/08/28 | 1,599,416 | |||||||||||||
475,000 | g | Studio City Finance Ltd | 5.000 | 01/15/29 | 476,757 | ||||||||||||
1,250,000 | g | Wynn Macau Ltd | 5.500 | 01/15/26 | 1,304,688 | ||||||||||||
475,000 | g | Wynn Macau Ltd | 5.625 | 08/26/28 | 496,518 | ||||||||||||
100,000 | g | Yum! Brands, Inc | 7.750 | 04/01/25 | 109,375 | ||||||||||||
TOTAL CONSUMER SERVICES | 41,904,578 | ||||||||||||||||
DIVERSIFIED FINANCIALS - 3.4% | |||||||||||||||||
3,550,000 | AerCap Ireland Capital DAC | 1.750 | 01/30/26 | 3,447,988 | |||||||||||||
4,100,000 | AerCap Ireland Capital DAC | 3.650 | 07/21/27 | 4,302,239 | |||||||||||||
1,500,000 | AerCap Ireland Capital DAC | 4.625 | 10/15/27 | 1,645,429 | |||||||||||||
1,775,000 | American Express Co | 2.500 | 08/01/22 | 1,822,773 | |||||||||||||
710,000 | American Express Co | 2.650 | 12/02/22 | 736,463 | |||||||||||||
1,250,000 | American Express Co | 3.700 | 08/03/23 | 1,337,918 | |||||||||||||
2,000,000 | American Express Credit Corp | 3.300 | 05/03/27 | 2,188,132 |
169 |
TIAA-CREF FUNDS - Core Bond Fund
MATURITY | |||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | |||||||||||
$ | 2,000,000 | g | Banco BTG Pactual S.A. | 4.500 | % | 01/10/25 | $ | 2,043,800 | |||||||
4,000,000 | g | Banco BTG Pactual S.A. | 2.750 | 01/11/26 | 3,784,000 | ||||||||||
1,405,000 | Bank of New York Mellon Corp | 4.700 | N/A‡ | 1,522,247 | |||||||||||
455,000 | g | BBVA Bancomer S.A. | 5.350 | 11/12/29 | 468,081 | ||||||||||
2,850,000 | g | BBVA Bancomer S.A. | 5.125 | 01/18/33 | 2,931,966 | ||||||||||
1,740,000 | Berkshire Hathaway, Inc | 3.125 | 03/15/26 | 1,894,285 | |||||||||||
2,600,000 | g | BPCE S.A. | 4.625 | 07/11/24 | 2,867,984 | ||||||||||
7,868,000 | Capital One Bank USA NA | 3.375 | 02/15/23 | 8,264,471 | |||||||||||
2,490,000 | Capital One Financial Corp | 3.750 | 03/09/27 | 2,733,386 | |||||||||||
8,000,000 | Charles Schwab Corp | 4.000 | N/A‡ | 8,118,400 | |||||||||||
600,000 | g | Compass Group Diversified Holdings LLC | 5.250 | 04/15/29 | 629,058 | ||||||||||
2,500,000 | g | Credit Suisse Group AG. | 2.997 | 12/14/23 | 2,584,493 | ||||||||||
5,750,000 | g | Credit Suisse Group AG. | 2.193 | 06/05/26 | 5,843,493 | ||||||||||
4,950,000 | g | Credit Suisse Group AG. | 1.305 | 02/02/27 | 4,791,275 | ||||||||||
5,725,000 | g | Credit Suisse Group AG. | 4.194 | 04/01/31 | 6,227,792 | ||||||||||
3,950,000 | Credit Suisse Group Funding Guernsey Ltd | 3.800 | 06/09/23 | 4,191,267 | |||||||||||
1,650,000 | Credit Suisse Group Funding Guernsey Ltd | 3.750 | 03/26/25 | 1,777,868 | |||||||||||
2,250,000 | Deutsche Bank AG. | 6.000 | N/A‡ | 2,278,125 | |||||||||||
545,000 | Discover Financial Services | 5.200 | 04/27/22 | 571,297 | |||||||||||
2,075,000 | Ford Motor Credit Co LLC | 3.096 | 05/04/23 | 2,108,719 | |||||||||||
5,000,000 | Ford Motor Credit Co LLC | 3.664 | 09/08/24 | 5,175,025 | |||||||||||
1,400,000 | Ford Motor Credit Co LLC | 4.000 | 11/13/30 | 1,388,786 | |||||||||||
7,700,000 | GE Capital International Funding Co | 3.373 | 11/15/25 | 8,349,072 | |||||||||||
16,705,000 | GE Capital International Funding Co | 4.418 | 11/15/35 | 19,123,216 | |||||||||||
2,650,000 | General Motors Financial Co, Inc | 2.750 | 06/20/25 | 2,766,343 | |||||||||||
8,625,000 | General Motors Financial Co, Inc | 5.650 | 01/17/29 | 10,231,484 | |||||||||||
10,550,000 | General Motors Financial Co, Inc | 3.600 | 06/21/30 | 11,128,412 | |||||||||||
5,450,000 | General Motors Financial Co, Inc | 5.700 | N/A‡ | 5,886,000 | |||||||||||
5,000,000 | Goldman Sachs Group, Inc | 3.625 | 02/20/24 | 5,380,750 | |||||||||||
4,650,000 | Goldman Sachs Group, Inc | 3.500 | 01/23/25 | 5,018,049 | |||||||||||
13,800,000 | Goldman Sachs Group, Inc | 1.093 | 12/09/26 | 13,522,508 | |||||||||||
6,050,000 | Goldman Sachs Group, Inc | 1.431 | 03/09/27 | 5,995,829 | |||||||||||
13,900,000 | Goldman Sachs Group, Inc | 3.691 | 06/05/28 | 15,208,863 | |||||||||||
360,000 | Goldman Sachs Group, Inc | 6.750 | 10/01/37 | 508,904 | |||||||||||
1,900,000 | Goldman Sachs Group, Inc | 4.017 | 10/31/38 | 2,106,929 | |||||||||||
600,000 | Goldman Sachs Group, Inc | 4.800 | 07/08/44 | 737,084 | |||||||||||
3,000,000 | Goldman Sachs Group, Inc | 4.950 | N/A‡ | 3,173,400 | |||||||||||
500,000 | Icahn Enterprises LP | 4.750 | 09/15/24 | 519,217 | |||||||||||
925,000 | Icahn Enterprises LP | 5.250 | 05/15/27 | 955,062 | |||||||||||
3,800,000 | g | Icahn Enterprises LP | 4.375 | 02/01/29 | 3,713,398 | ||||||||||
1,100,000 | g | Indian Railway Finance Corp Ltd | 3.249 | 02/13/30 | 1,093,265 | ||||||||||
7,400,000 | g | Indian Railway Finance Corp Ltd | 2.800 | 02/10/31 | 7,018,340 | ||||||||||
1,900,000 | International Lease Finance Corp | 5.875 | 08/15/22 | 2,031,750 | |||||||||||
2,400,000 | g | Inversiones CMPC S.A. | 3.000 | 04/06/31 | 2,382,552 | ||||||||||
2,500,000 | g | Jefferies Finance LLC | 6.250 | 06/03/26 | 2,625,000 | ||||||||||
475,000 | Legg Mason, Inc | 3.950 | 07/15/24 | 522,346 | |||||||||||
3,425,000 | g | LPL Holdings, Inc | 4.000 | 03/15/29 | 3,450,688 | ||||||||||
2,500,000 | g | Minejesa Capital BV | 5.625 | 08/10/37 | 2,615,625 | ||||||||||
1,040,000 | Morgan Stanley | 4.000 | 07/23/25 | 1,154,145 | |||||||||||
9,700,000 | Morgan Stanley | 2.188 | 04/28/26 | 10,022,353 | |||||||||||
14,325,000 | Morgan Stanley | 3.125 | 07/27/26 | 15,417,711 | |||||||||||
100,000 | Morgan Stanley | 3.625 | 01/20/27 | 109,725 | |||||||||||
685,000 | Morgan Stanley | 3.950 | 04/23/27 | 758,004 |
170 |
TIAA-CREF FUNDS - Core Bond Fund
MATURITY | |||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | |||||||||||
$ | 16,500,000 | Morgan Stanley | 2.699 | % | 01/22/31 | $ | 16,789,219 | ||||||||
2,475,000 | g | Power Finance Corp Ltd | 3.950 | 04/23/30 | 2,527,297 | ||||||||||
775,000 | g | Quicken Loans, Inc | 5.250 | 01/15/28 | 813,750 | ||||||||||
1,125,000 | g | REC Ltd | 4.750 | 05/19/23 | 1,192,722 | ||||||||||
1,950,000 | SLM Corp | 5.500 | 01/25/23 | 2,023,125 | |||||||||||
550,000 | Springleaf Finance Corp | 5.375 | 11/15/29 | 585,063 | |||||||||||
550,000 | State Street Corp | 3.300 | 12/16/24 | 599,736 | |||||||||||
8,100,000 | g | Swiss Re Finance Luxembourg SA | 5.000 | 04/02/49 | 9,170,820 | ||||||||||
1,950,000 | Synchrony Financial | 4.375 | 03/19/24 | 2,125,882 | |||||||||||
2,850,000 | Synchrony Financial | 4.250 | 08/15/24 | 3,100,251 | |||||||||||
5,075,000 | g | UBS Group AG | 2.859 | 08/15/23 | 5,231,997 | ||||||||||
3,000,000 | g | UBS Group AG | 7.000 | N/A‡ | 3,295,170 | ||||||||||
650,000 | Voya Financial, Inc | 5.700 | 07/15/43 | 840,635 | |||||||||||
TOTAL DIVERSIFIED FINANCIALS | 299,498,451 | ||||||||||||||
ENERGY - 3.9% | |||||||||||||||
1,450,000 | g | Abu Dhabi Crude Oil Pipeline LLC | 4.600 | 11/02/47 | 1,635,049 | ||||||||||
1,075,000 | AmeriGas Partners LP | 5.875 | 08/20/26 | 1,182,930 | |||||||||||
1,875,000 | g | Archrock Partners LP | 6.250 | 04/01/28 | 1,904,625 | ||||||||||
1,900,000 | Calumet Specialty Products Partners LP | 7.750 | 04/15/23 | 1,885,959 | |||||||||||
5,000,000 | Canadian Natural Resources Ltd | 2.950 | 07/15/30 | 4,987,067 | |||||||||||
4,500,000 | Cenovus Energy, Inc | 5.375 | 07/15/25 | 5,057,165 | |||||||||||
7,900,000 | Cenovus Energy, Inc | 4.250 | 04/15/27 | 8,543,965 | |||||||||||
600,000 | g | Chesapeake Energy Corp | 5.500 | 02/01/26 | 624,537 | ||||||||||
565,000 | Chevron Corp | 2.355 | 12/05/22 | 581,482 | |||||||||||
5,550,000 | Chevron Corp | 1.554 | 05/11/25 | 5,663,241 | |||||||||||
2,525,000 | Chevron Corp | 2.236 | 05/11/30 | 2,512,315 | |||||||||||
5,875,000 | g | ConocoPhillips | 2.400 | 02/15/31 | 5,796,896 | ||||||||||
2,500,000 | g | Cosan Ltd | 5.500 | 09/20/29 | 2,646,250 | ||||||||||
1,125,000 | Crestwood Midstream Partners LP | 5.750 | 04/01/25 | 1,131,210 | |||||||||||
5,075,000 | Diamondback Energy, Inc | 2.875 | 12/01/24 | 5,351,788 | |||||||||||
3,750,000 | Diamondback Energy, Inc | 3.125 | 03/24/31 | 3,743,796 | |||||||||||
5,000,000 | Ecopetrol S.A. | 5.375 | 06/26/26 | 5,606,900 | |||||||||||
1,050,000 | Ecopetrol S.A. | 6.875 | 04/29/30 | 1,278,270 | |||||||||||
750,000 | Ecopetrol S.A. | 5.875 | 05/28/45 | 800,250 | |||||||||||
3,225,000 | g | Empresa Nacional del Petroleo | 5.250 | 11/06/29 | 3,595,889 | ||||||||||
4,175,000 | Enbridge, Inc | 3.125 | 11/15/29 | 4,341,278 | |||||||||||
4,350,000 | Enbridge, Inc | 5.750 | 07/15/80 | 4,654,500 | |||||||||||
1,924,000 | g | Energean Israel Finance Ltd | 4.875 | 03/30/26 | 1,935,395 | ||||||||||
2,300,000 | Energy Transfer Operating LP | 2.900 | 05/15/25 | 2,393,422 | |||||||||||
2,675,000 | Energy Transfer Operating LP | 4.750 | 01/15/26 | 2,970,179 | |||||||||||
1,670,000 | Energy Transfer Operating LP | 5.500 | 06/01/27 | 1,925,889 | |||||||||||
8,000,000 | Energy Transfer Operating LP | 5.250 | 04/15/29 | 9,106,296 | |||||||||||
5,250,000 | Energy Transfer Operating LP | 3.750 | 05/15/30 | 5,412,582 | |||||||||||
4,100,000 | Energy Transfer Operating LP | 6.250 | 04/15/49 | 4,812,610 | |||||||||||
4,625,000 | Energy Transfer Operating LP | 5.000 | 05/15/50 | 4,783,380 | |||||||||||
500,000 | g | EnLink Midstream LLC | 5.625 | 01/15/28 | 483,490 | ||||||||||
1,250,000 | Enterprise Products Operating LLC | 3.700 | 02/15/26 | 1,371,583 | |||||||||||
2,700,000 | Enterprise Products Operating LLC | 3.125 | 07/31/29 | 2,847,316 | |||||||||||
350,000 | Enterprise Products Operating LLC | 2.800 | 01/31/30 | 361,364 | |||||||||||
1,425,000 | Enterprise Products Operating LLC | 4.250 | 02/15/48 | 1,513,603 | |||||||||||
2,200,000 | Enterprise Products Operating LLC | 4.800 | 02/01/49 | 2,522,241 | |||||||||||
1,800,000 | Enterprise Products Operating LLC | 4.200 | 01/31/50 | 1,916,395 | |||||||||||
750,000 | g | EQM Midstream Partners LP | 6.000 | 07/01/25 | 807,188 |
171 |
TIAA-CREF FUNDS - Core Bond Fund
MATURITY | |||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | |||||||||||
$ | 1,900,000 | g | EQM Midstream Partners LP | 4.500 | % | 01/15/29 | $ | 1,851,474 | |||||||
2,025,000 | g | Ferrellgas Escrow LLC | 5.375 | 04/01/26 | 2,011,432 | ||||||||||
2,225,000 | g | Ferrellgas Escrow LLC | 5.875 | 04/01/29 | 2,194,962 | ||||||||||
3,333,000 | g | Galaxy Pipeline Assets Bidco Ltd | 2.160 | 03/31/34 | 3,225,747 | ||||||||||
2,750,000 | g | Galaxy Pipeline Assets Bidco Ltd | 2.625 | 03/31/36 | 2,621,862 | ||||||||||
1,100,000 | Genesis Energy LP | 6.500 | 10/01/25 | 1,078,275 | |||||||||||
450,000 | g | Hilcorp Energy I LP | 5.750 | 02/01/29 | 453,937 | ||||||||||
450,000 | g | Hilcorp Energy I LP | 6.000 | 02/01/31 | 456,750 | ||||||||||
1,200,000 | g | KazMunayGas National Co JSC | 5.375 | 04/24/30 | 1,421,055 | ||||||||||
3,000,000 | g | KazMunayGas National Co JSC | 3.500 | 04/14/33 | 3,172,048 | ||||||||||
1,250,000 | Kinder Morgan Energy Partners LP | 5.400 | 09/01/44 | 1,464,937 | |||||||||||
1,976,000 | Kinder Morgan, Inc | 5.300 | 12/01/34 | 2,333,645 | |||||||||||
2,025,000 | g | Leviathan Bond Ltd | 6.125 | 06/30/25 | 2,196,716 | ||||||||||
1,500,000 | g | Leviathan Bond Ltd | 6.500 | 06/30/27 | 1,641,526 | ||||||||||
7,625,000 | Magellan Midstream Partners LP | 3.250 | 06/01/30 | 7,982,644 | |||||||||||
5,000,000 | Marathon Petroleum Corp | 4.700 | 05/01/25 | 5,619,565 | |||||||||||
11,590,000 | Marathon Petroleum Corp | 3.800 | 04/01/28 | 12,525,261 | |||||||||||
1,000,000 | Marathon Petroleum Corp | 4.750 | 09/15/44 | 1,109,143 | |||||||||||
2,750,000 | Marathon Petroleum Corp | 5.000 | 09/15/54 | 2,910,591 | |||||||||||
4,475,000 | MPLX LP | 1.750 | 03/01/26 | 4,481,834 | |||||||||||
7,575,000 | MPLX LP | 2.650 | 08/15/30 | 7,423,165 | |||||||||||
2,175,000 | MPLX LP | 4.700 | 04/15/48 | 2,353,131 | |||||||||||
2,900,000 | Murphy Oil Corp | 6.875 | 08/15/24 | 2,965,250 | |||||||||||
642,000 | Murphy Oil Corp | 5.875 | 12/01/27 | 629,160 | |||||||||||
200,000 | Murphy Oil USA, Inc | 5.625 | 05/01/27 | 209,000 | |||||||||||
1,000,000 | NAK Naftogaz Ukraine via Kondor Finance plc | 7.375 | 07/19/22 | 1,029,150 | |||||||||||
850,000 | NuStar Logistics LP | 5.750 | 10/01/25 | 909,942 | |||||||||||
2,000,000 | Occidental Petroleum Corp | 3.500 | 06/15/25 | 1,980,000 | |||||||||||
325,000 | Occidental Petroleum Corp | 5.500 | 12/01/25 | 343,687 | |||||||||||
475,000 | Occidental Petroleum Corp | 5.550 | 03/15/26 | 502,360 | |||||||||||
1,975,000 | Occidental Petroleum Corp | 4.300 | 08/15/39 | 1,674,820 | |||||||||||
950,000 | g | Oleoducto Central S.A. | 4.000 | 07/14/27 | 1,003,684 | ||||||||||
1,025,000 | ONEOK, Inc | 4.000 | 07/13/27 | 1,111,513 | |||||||||||
6,030,000 | ONEOK, Inc | 4.550 | 07/15/28 | 6,635,362 | |||||||||||
7,750,000 | ONEOK, Inc | 4.350 | 03/15/29 | 8,453,671 | |||||||||||
5,277,000 | ONEOK, Inc | 3.400 | 09/01/29 | 5,429,633 | |||||||||||
1,000,000 | ONEOK, Inc | 4.450 | 09/01/49 | 997,395 | |||||||||||
2,750,000 | ONEOK, Inc | 4.500 | 03/15/50 | 2,752,543 | |||||||||||
2,000,000 | g,h | Parkland Corp | 4.500 | 10/01/29 | 2,002,500 | ||||||||||
6,200,000 | g | Pertamina Persero PT | 1.400 | 02/09/26 | 6,029,122 | ||||||||||
850,000 | g | Pertamina Persero PT | 3.650 | 07/30/29 | 887,795 | ||||||||||
2,000,000 | g | Pertamina Persero PT | 5.625 | 05/20/43 | 2,247,663 | ||||||||||
2,075,000 | g | Peru LNG Srl | 5.375 | 03/22/30 | 1,859,740 | ||||||||||
1,167,000 | Petrobras Global Finance BV | 5.999 | 01/27/28 | 1,282,230 | |||||||||||
326,000 | Petrobras Global Finance BV | 5.093 | 01/15/30 | 338,681 | |||||||||||
500,000 | Petrobras Global Finance BV | 5.600 | 01/03/31 | 526,900 | |||||||||||
2,000,000 | Petrobras Global Finance BV | 6.900 | 03/19/49 | 2,190,000 | |||||||||||
5,000,000 | Petroleos Mexicanos | 4.500 | 01/23/26 | 4,964,000 | |||||||||||
2,550,000 | Petroleos Mexicanos | 6.500 | 03/13/27 | 2,664,750 | |||||||||||
2,100,000 | Petroleos Mexicanos | 5.350 | 02/12/28 | 2,042,040 | |||||||||||
2,700,000 | Petroleos Mexicanos | 5.950 | 01/28/31 | 2,592,000 | |||||||||||
1,275,000 | g | Petronas Capital Ltd | 3.500 | 04/21/30 | 1,361,506 | ||||||||||
5,950,000 | g | Petronas Energy Canada Ltd | 2.112 | 03/23/28 | 5,873,346 |
172 |
TIAA-CREF FUNDS - Core Bond Fund
MATURITY | |||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | |||||||||||
$ | 5,000,000 | Phillips 66 | 2.150 | % | 12/15/30 | $ | 4,730,134 | ||||||||
5,000,000 | Phillips 66 Partners LP | 3.750 | 03/01/28 | 5,353,271 | |||||||||||
1,925,000 | Phillips 66 Partners LP | 3.150 | 12/15/29 | 1,952,641 | |||||||||||
775,000 | Phillips 66 Partners LP | 4.680 | 02/15/45 | 804,728 | |||||||||||
1,200,000 | g | PTTEP Treasury Center Co Ltd | 2.587 | 06/10/27 | 1,232,929 | ||||||||||
450,000 | Regency Energy Partners LP | 4.500 | 11/01/23 | 484,387 | |||||||||||
270,000 | Sabine Pass Liquefaction LLC | 5.875 | 06/30/26 | 316,296 | |||||||||||
6,125,000 | Sabine Pass Liquefaction LLC | 4.200 | 03/15/28 | 6,719,607 | |||||||||||
8,900,000 | Sabine Pass Liquefaction LLC | 4.500 | 05/15/30 | 9,987,473 | |||||||||||
2,675,000 | g | Saudi Arabian Oil Co | 2.250 | 11/24/30 | 2,561,706 | ||||||||||
1,325,000 | Shell International Finance BV | 2.875 | 05/10/26 | 1,413,406 | |||||||||||
1,750,000 | Shell International Finance BV | 3.125 | 11/07/49 | 1,688,023 | |||||||||||
800,000 | Southwestern Energy Co | 7.500 | 04/01/26 | 846,416 | |||||||||||
1,975,000 | Sunoco Logistics Partners Operations LP | 4.000 | 10/01/27 | 2,123,997 | |||||||||||
450,000 | Sunoco Logistics Partners Operations LP | 5.400 | 10/01/47 | 485,906 | |||||||||||
1,500,000 | Sunoco LP | 6.000 | 04/15/27 | 1,569,375 | |||||||||||
1,150,000 | g | Sunoco LP | 4.500 | 05/15/29 | 1,145,688 | ||||||||||
550,000 | g | Superior Plus LP | 4.500 | 03/15/29 | 555,610 | ||||||||||
300,000 | Targa Resources Partners LP | 6.500 | 07/15/27 | 326,004 | |||||||||||
1,000,000 | g | Targa Resources Partners LP | 4.000 | 01/15/32 | 940,520 | ||||||||||
4,000,000 | g | Thaioil Treasury Center Co Ltd | 2.500 | 06/18/30 | 3,813,840 | ||||||||||
5,550,000 | Total Capital International S.A. | 3.127 | 05/29/50 | 5,224,897 | |||||||||||
10,800,000 | TransCanada PipeLines Ltd | 4.250 | 05/15/28 | 12,139,707 | |||||||||||
1,260,000 | USA Compression Partners LP | 6.875 | 04/01/26 | 1,292,288 | |||||||||||
500,000 | USA Compression Partners LP | 6.875 | 09/01/27 | 515,000 | |||||||||||
480,000 | Vale Overseas Ltd | 6.875 | 11/21/36 | 637,951 | |||||||||||
15,000,000 | Williams Cos, Inc | 2.600 | 03/15/31 | 14,661,405 | |||||||||||
850,000 | Williams Partners LP | 3.750 | 06/15/27 | 926,565 | |||||||||||
2,100,000 | g | YPF S.A. | 6.950 | 07/21/27 | 1,273,125 | ||||||||||
TOTAL ENERGY | 348,430,333 | ||||||||||||||
FOOD & STAPLES RETAILING - 0.6% | |||||||||||||||
1,400,000 | g | Central American Bottling Corp | 5.750 | 01/31/27 | 1,479,275 | ||||||||||
3,975,000 | Costco Wholesale Corp | 1.600 | 04/20/30 | 3,806,914 | |||||||||||
1,250,000 | Costco Wholesale Corp | 1.750 | 04/20/32 | 1,188,165 | |||||||||||
674,000 | Ingles Markets, Inc | 5.750 | 06/15/23 | 679,055 | |||||||||||
1,750,000 | Kroger Co | 3.700 | 08/01/27 | 1,947,523 | |||||||||||
3,000,000 | Kroger Co | 3.875 | 10/15/46 | 3,133,622 | |||||||||||
575,000 | Kroger Co | 4.450 | 02/01/47 | 648,267 | |||||||||||
730,000 | SYSCO Corp | 3.750 | 10/01/25 | 795,019 | |||||||||||
515,000 | Walgreen Co | 3.100 | 09/15/22 | 533,804 | |||||||||||
15,000,000 | Walmart, Inc | 3.400 | 06/26/23 | 15,999,267 | |||||||||||
11,550,000 | Walmart, Inc | 3.700 | 06/26/28 | 12,990,151 | |||||||||||
6,900,000 | Walmart, Inc | 2.375 | 09/24/29 | 7,060,367 | |||||||||||
2,175,000 | Walmart, Inc | 3.950 | 06/28/38 | 2,514,230 | |||||||||||
TOTAL FOOD & STAPLES RETAILING | 52,775,659 | ||||||||||||||
FOOD, BEVERAGE & TOBACCO - 1.5% | |||||||||||||||
511,000 | Altria Group, Inc | 4.800 | 02/14/29 | 587,143 | |||||||||||
1,725,000 | Altria Group, Inc | 3.400 | 05/06/30 | 1,804,759 | |||||||||||
2,700,000 | Altria Group, Inc | 5.950 | 02/14/49 | 3,361,749 | |||||||||||
3,000,000 | e,g | Amaggi Luxembourg International Sarl | 5.250 | 01/28/28 | 3,075,000 | ||||||||||
13,260,000 | Anheuser-Busch InBev Worldwide, Inc | 4.750 | 01/23/29 | 15,494,949 | |||||||||||
1,260,000 | Anheuser-Busch InBev Worldwide, Inc | 4.439 | 10/06/48 | 1,415,184 |
173 |
TIAA-CREF FUNDS - Core Bond Fund
MATURITY | |||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | |||||||||||
$ | 3,150,000 | BAT Capital Corp | 2.259 | % | 03/25/28 | $ | 3,101,338 | ||||||||
8,200,000 | BAT Capital Corp | 4.906 | 04/02/30 | 9,362,676 | |||||||||||
19,000,000 | BAT Capital Corp | 2.726 | 03/25/31 | 18,375,392 | |||||||||||
2,750,000 | BAT Capital Corp | 4.540 | 08/15/47 | 2,768,942 | |||||||||||
3,450,000 | BAT Capital Corp | 3.984 | 09/25/50 | 3,233,231 | |||||||||||
1,275,000 | g | BRF S.A. | 4.875 | 01/24/30 | 1,300,500 | ||||||||||
2,500,000 | e,g | BRF S.A. | 5.750 | 09/21/50 | 2,464,625 | ||||||||||
750,000 | Constellation Brands, Inc | 4.400 | 11/15/25 | 845,325 | |||||||||||
2,775,000 | Constellation Brands, Inc | 3.700 | 12/06/26 | 3,047,786 | |||||||||||
1,850,000 | Constellation Brands, Inc | 3.600 | 02/15/28 | 2,011,900 | |||||||||||
1,150,000 | Constellation Brands, Inc | 3.150 | 08/01/29 | 1,204,541 | |||||||||||
575,000 | Constellation Brands, Inc | 2.875 | 05/01/30 | 587,520 | |||||||||||
2,750,000 | Diageo Capital plc | 2.125 | 10/24/24 | 2,869,943 | |||||||||||
2,320,000 | Diageo Capital plc | 1.375 | 09/29/25 | 2,341,542 | |||||||||||
4,075,000 | Diageo Capital plc | 2.375 | 10/24/29 | 4,102,598 | |||||||||||
1,950,000 | Diageo Capital plc | 2.000 | 04/29/30 | 1,906,598 | |||||||||||
1,875,000 | g | Embotelladora Andina S.A. | 3.950 | 01/21/50 | 1,980,469 | ||||||||||
5,000,000 | General Mills, Inc | 3.700 | 10/17/23 | 5,361,372 | |||||||||||
625,000 | General Mills, Inc | 2.875 | 04/15/30 | 645,223 | |||||||||||
2,000,000 | g | Grupo Bimbo SAB de C.V. | 4.700 | 11/10/47 | 2,216,335 | ||||||||||
2,000,000 | e,g | Kernel Holding S.A. | 6.500 | 10/17/24 | 2,116,871 | ||||||||||
5,000,000 | Kraft Heinz Foods Co | 3.875 | 05/15/27 | 5,445,477 | |||||||||||
2,000,000 | g | NBM US Holdings, Inc | 6.625 | 08/06/29 | 2,199,610 | ||||||||||
11,350,000 | PepsiCo, Inc | 1.625 | 05/01/30 | 10,850,310 | |||||||||||
1,100,000 | PepsiCo, Inc | 3.450 | 10/06/46 | 1,163,108 | |||||||||||
200,000 | Philip Morris International, Inc | 6.375 | 05/16/38 | 276,220 | |||||||||||
2,025,000 | g | Post Holdings, Inc | 4.625 | 04/15/30 | 2,030,062 | ||||||||||
2,250,000 | g | Sigma Alimentos S.A. de C.V. | 4.125 | 05/02/26 | 2,434,500 | ||||||||||
550,000 | g | Triton Water Holdings, Inc | 6.250 | 04/01/29 | 561,000 | ||||||||||
400,000 | Tyson Foods, Inc | 4.350 | 03/01/29 | 455,343 | |||||||||||
6,325,000 | g | Ulker Biskuvi Sanayi AS. | 6.950 | 10/30/25 | 6,632,685 | ||||||||||
TOTAL FOOD, BEVERAGE & TOBACCO | 129,631,826 | ||||||||||||||
HEALTH CARE EQUIPMENT & SERVICES - 1.8% | |||||||||||||||
1,200,000 | Abbott Laboratories | 5.300 | 05/27/40 | 1,588,297 | |||||||||||
630,000 | Anthem, Inc | 3.125 | 05/15/22 | 648,960 | |||||||||||
3,500,000 | Anthem, Inc | 2.250 | 05/15/30 | 3,444,583 | |||||||||||
2,475,000 | Anthem, Inc | 3.600 | 03/15/51 | 2,561,888 | |||||||||||
2,550,000 | Becton Dickinson & Co | 2.823 | 05/20/30 | 2,614,156 | |||||||||||
2,100,000 | Boston Scientific Corp | 4.000 | 03/01/29 | 2,335,929 | |||||||||||
400,000 | g | Centene Corp | 5.375 | 08/15/26 | 421,960 | ||||||||||
1,750,000 | Centene Corp | 4.250 | 12/15/27 | 1,840,783 | |||||||||||
6,310,000 | Centene Corp | 3.000 | 10/15/30 | 6,299,525 | |||||||||||
1,800,000 | Children’s Hospital Medic | 4.268 | 05/15/44 | 2,085,172 | |||||||||||
2,700,000 | Cigna Corp | 2.400 | 03/15/30 | 2,677,128 | |||||||||||
2,550,000 | Cigna Corp | 3.200 | 03/15/40 | 2,549,940 | |||||||||||
680,000 | CVS Health Corp | 3.700 | 03/09/23 | 721,662 | |||||||||||
495,000 | CVS Health Corp | 3.875 | 07/20/25 | 547,152 | |||||||||||
4,600,000 | CVS Health Corp | 3.625 | 04/01/27 | 5,048,824 | |||||||||||
11,250,000 | CVS Health Corp | 3.750 | 04/01/30 | 12,272,225 | |||||||||||
12,525,000 | CVS Health Corp | 1.750 | 08/21/30 | 11,690,829 | |||||||||||
14,675,000 | CVS Health Corp | 1.875 | 02/28/31 | 13,783,952 | |||||||||||
2,250,000 | CVS Health Corp | 4.780 | 03/25/38 | 2,655,418 |
174 |
TIAA-CREF FUNDS - Core Bond Fund
MATURITY | |||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | |||||||||||
$ | 2,400,000 | CVS Health Corp | 2.700 | % | 08/21/40 | $ | 2,210,213 | ||||||||
4,750,000 | CVS Health Corp | 5.050 | 03/25/48 | 5,831,289 | |||||||||||
1,900,000 | CVS Health Corp | 4.250 | 04/01/50 | 2,132,757 | |||||||||||
1,370,000 | Dartmouth-Hitchcock Health | 4.178 | 08/01/48 | 1,513,861 | |||||||||||
1,800,000 | g | DaVita, Inc | 4.625 | 06/01/30 | 1,833,948 | ||||||||||
4,300,000 | g | DaVita, Inc | 3.750 | 02/15/31 | 4,101,039 | ||||||||||
1,000,000 | HCA, Inc | 5.375 | 02/01/25 | 1,115,515 | |||||||||||
2,815,000 | HCA, Inc | 5.625 | 09/01/28 | 3,237,250 | |||||||||||
5,000,000 | HCA, Inc | 3.500 | 09/01/30 | 5,042,349 | |||||||||||
1,900,000 | HCA, Inc | 5.500 | 06/15/47 | 2,363,209 | |||||||||||
3,500,000 | g | Hologic, Inc | 3.250 | 02/15/29 | 3,456,250 | ||||||||||
1,875,000 | Humana, Inc | 3.950 | 03/15/27 | 2,090,886 | |||||||||||
990,000 | g | LifePoint Health, Inc | 4.375 | 02/15/27 | 970,200 | ||||||||||
725,000 | g | Molina Healthcare, Inc | 4.375 | 06/15/28 | 745,996 | ||||||||||
3,700,000 | e,g | MPH Acquisition Holdings LLC | 5.750 | 11/01/28 | 3,607,500 | ||||||||||
3,375,000 | MPT Operating Partnership LP | 3.500 | 03/15/31 | 3,311,955 | |||||||||||
17,050,000 | g | SBA Tower Trust | 2.836 | 01/15/25 | 17,884,978 | ||||||||||
8,398,000 | g | SBA Tower Trust | 1.884 | 01/15/26 | 8,499,116 | ||||||||||
200,000 | g | Teleflex, Inc | 4.250 | 06/01/28 | 207,250 | ||||||||||
825,000 | Tenet Healthcare Corp | 4.625 | 07/15/24 | 842,069 | |||||||||||
225,000 | g | Tenet Healthcare Corp | 4.625 | 06/15/28 | 230,620 | ||||||||||
5,400,000 | g | Tenet Healthcare Corp | 6.125 | 10/01/28 | 5,636,250 | ||||||||||
620,000 | UnitedHealth Group, Inc | 2.875 | 03/15/22 | 631,491 | |||||||||||
1,525,000 | UnitedHealth Group, Inc | 2.950 | 10/15/27 | 1,636,951 | |||||||||||
1,375,000 | UnitedHealth Group, Inc | 3.750 | 10/15/47 | 1,502,802 | |||||||||||
750,000 | Zimmer Biomet Holdings, Inc | 3.700 | 03/19/23 | 793,247 | |||||||||||
1,470,000 | Zimmer Biomet Holdings, Inc | 3.550 | 04/01/25 | 1,592,697 | |||||||||||
TOTAL HEALTH CARE EQUIPMENT & SERVICES | 158,810,071 | ||||||||||||||
INSURANCE - 1.3% | |||||||||||||||
1,550,000 | g | Acrisure LLC | 4.250 | 02/15/29 | 1,524,347 | ||||||||||
285,000 | Aetna, Inc | 6.625 | 06/15/36 | 397,775 | |||||||||||
131,000 | Aflac, Inc | 6.450 | 08/15/40 | 175,746 | |||||||||||
1,025,000 | g | AIA Group Ltd | 3.200 | 03/11/25 | 1,090,714 | ||||||||||
3,000,000 | g | AIA Group Ltd | 3.600 | 04/09/29 | 3,222,839 | ||||||||||
825,000 | g | Alliant Holdings Intermediate LLC | 4.250 | 10/15/27 | 826,031 | ||||||||||
975,000 | American Financial Group, Inc | 3.500 | 08/15/26 | 1,056,726 | |||||||||||
620,000 | American International Group, Inc | 3.750 | 07/10/25 | 676,981 | |||||||||||
5,400,000 | Aon Corp | 2.800 | 05/15/30 | 5,518,206 | |||||||||||
3,740,000 | Aon plc | 3.500 | 06/14/24 | 4,018,254 | |||||||||||
4,500,000 | AXIS Specialty Finance LLC | 4.900 | 01/15/40 | 4,612,500 | |||||||||||
1,150,000 | Berkshire Hathaway Finance Corp | 1.850 | 03/12/30 | 1,121,987 | |||||||||||
1,500,000 | Berkshire Hathaway Finance Corp | 4.250 | 01/15/49 | 1,736,517 | |||||||||||
8,250,000 | Berkshire Hathaway Finance Corp | 2.850 | 10/15/50 | 7,603,959 | |||||||||||
1,100,000 | CNA Financial Corp | 3.950 | 05/15/24 | 1,194,953 | |||||||||||
1,750,000 | CNA Financial Corp | 2.050 | 08/15/30 | 1,663,416 | |||||||||||
925,000 | g | Equitable Financial Life Global Funding | 1.400 | 07/07/25 | 924,510 | ||||||||||
2,300,000 | g | Five Corners Funding Trust | 4.419 | 11/15/23 | 2,523,020 | ||||||||||
3,700,000 | g | Five Corners Funding Trust II | 2.850 | 05/15/30 | 3,813,247 | ||||||||||
13,600,000 | Hartford Financial Services Group, Inc | 2.800 | 08/19/29 | 14,107,858 | |||||||||||
350,000 | Hartford Financial Services Group, Inc | 4.300 | 04/15/43 | 393,583 | |||||||||||
1,450,000 | g | Liberty Mutual Group, Inc | 3.951 | 10/15/50 | 1,495,739 | ||||||||||
1,400,000 | Marsh & McLennan Cos, Inc | 3.500 | 06/03/24 | 1,507,865 | |||||||||||
600,000 | MetLife, Inc | 3.000 | 03/01/25 | 642,984 |
175 |
TIAA-CREF FUNDS - Core Bond Fund
REFERENCE | MATURITY | ||||||||||||||||
PRINCIPAL | ISSUER | RATE & SPREAD | RATE | DATE | VALUE | ||||||||||||
$ | 1,775,000 | MetLife, Inc | 3.600 | % | 11/13/25 | $ | 1,951,016 | ||||||||||
8,870,000 | MetLife, Inc | 3.850 | N/A‡ | 9,158,275 | |||||||||||||
1,550,000 | g | Metropolitan Life Global Funding I | 2.950 | 04/09/30 | 1,615,096 | ||||||||||||
10,175,000 | PartnerRe Finance B LLC | 4.500 | 10/01/50 | 10,381,549 | |||||||||||||
3,500,000 | Principal Financial Group, Inc | 2.125 | 06/15/30 | 3,365,757 | |||||||||||||
940,000 | Prudential Financial, Inc | 3.500 | 05/15/24 | 1,024,372 | |||||||||||||
2,000,000 | Prudential Financial, Inc | 3.905 | 12/07/47 | 2,163,874 | |||||||||||||
5,220,000 | Prudential Financial, Inc | 3.700 | 10/01/50 | 5,278,464 | |||||||||||||
1,190,000 | g | Prudential Funding LLC | 6.750 | 09/15/23 | 1,354,343 | ||||||||||||
2,220,000 | Reinsurance Group of America, Inc | 3.900 | 05/15/29 | 2,433,360 | |||||||||||||
525,000 | g | Swiss Re Treasury US Corp | 4.250 | 12/06/42 | 601,909 | ||||||||||||
6,250,000 | g,i | Vitality Re IX Ltd | U.S. Treasury Bill 3 M + 1.600% | 1.610 | 01/10/22 | 6,187,500 | |||||||||||
2,200,000 | g,i | Vitality Re X Ltd | U.S. Treasury Bill 3 M + 1.750% | 1.765 | 01/10/23 | 2,189,000 | |||||||||||
365,000 | Willis North America, Inc | 3.600 | 05/15/24 | 393,346 | |||||||||||||
TOTAL INSURANCE | 109,947,618 | ||||||||||||||||
MATERIALS - 1.8% | |||||||||||||||||
100,000 | g | Alcoa Nederland Holding BV | 6.750 | 09/30/24 | 103,350 | ||||||||||||
400,000 | g | Alpek SAB de C.V. | 4.250 | 09/18/29 | 423,204 | ||||||||||||
1,325,000 | g | Alpek SAB de C.V. | 3.250 | 02/25/31 | 1,310,425 | ||||||||||||
2,300,000 | g | Anglo American Capital plc | 2.625 | 09/10/30 | 2,250,896 | ||||||||||||
6,625,000 | AngloGold Ashanti Holdings plc | 3.750 | 10/01/30 | 6,698,151 | |||||||||||||
1,310,000 | g | Antofagasta plc | 2.375 | 10/14/30 | 1,279,346 | ||||||||||||
200,000 | g | Arconic Corp | 6.000 | 05/15/25 | 215,557 | ||||||||||||
1,225,000 | g | Ardagh Metal Packaging Finance USA LLC | 3.250 | 09/01/28 | 1,210,753 | ||||||||||||
900,000 | g | Ardagh Metal Packaging Finance USA LLC | 4.000 | 09/01/29 | 898,533 | ||||||||||||
900,000 | g | Axalta Coating Systems LLC | 3.375 | 02/15/29 | 877,680 | ||||||||||||
1,850,000 | Ball Corp | 2.875 | 08/15/30 | 1,782,012 | |||||||||||||
370,000 | Bemis Co, Inc | 3.100 | 09/15/26 | 394,378 | |||||||||||||
925,000 | Bemis Co, Inc | 2.630 | 06/19/30 | 922,608 | |||||||||||||
7,675,000 | g | Berry Global, Inc | 1.570 | 01/15/26 | 7,553,889 | ||||||||||||
2,950,000 | g | Berry Global, Inc | 5.625 | 07/15/27 | 3,115,938 | ||||||||||||
2,500,000 | g | Celulosa Arauco y Constitucion S.A. | 4.250 | 04/30/29 | 2,727,000 | ||||||||||||
1,025,000 | g | Celulosa Arauco y Constitucion S.A. | 4.200 | 01/29/30 | 1,103,156 | ||||||||||||
675,000 | g | Cemex SAB de C.V. | 7.375 | 06/05/27 | 764,215 | ||||||||||||
2,325,000 | g | Cemex SAB de C.V. | 5.450 | 11/19/29 | 2,547,037 | ||||||||||||
2,425,000 | g | Cemex SAB de C.V. | 3.875 | 07/11/31 | 2,366,800 | ||||||||||||
877,000 | g | Cleveland-Cliffs, Inc | 9.875 | 10/17/25 | 1,027,449 | ||||||||||||
725,000 | g | Constellium SE | 3.750 | 04/15/29 | 693,158 | ||||||||||||
1,750,000 | g | Corp Nacional del Cobre de Chile | 3.625 | 08/01/27 | 1,890,839 | ||||||||||||
2,000,000 | g | Corp Nacional del Cobre de Chile | 3.150 | 01/14/30 | 2,073,724 | ||||||||||||
1,250,000 | g | Corp Nacional del Cobre de Chile | 4.375 | 02/05/49 | 1,390,423 | ||||||||||||
1,000,000 | g | Corp Nacional del Cobre de Chile | 3.150 | 01/15/51 | 912,739 | ||||||||||||
1,000,000 | g | Corp Nacional del Cobre de Chile-CODELCO | 3.700 | 01/30/50 | 1,002,045 | ||||||||||||
265,000 | DowDuPont, Inc | 4.493 | 11/15/25 | 299,491 | |||||||||||||
1,140,000 | DowDuPont, Inc | 4.725 | 11/15/28 | 1,325,017 | |||||||||||||
500,000 | g | Element Solutions, Inc | 3.875 | 09/01/28 | 493,375 | ||||||||||||
950,000 | g | Enviva Partners LP | 6.500 | 01/15/26 | 995,125 | ||||||||||||
3,500,000 | g | First Quantum Minerals Ltd | 6.875 | 10/15/27 | 3,753,750 | ||||||||||||
4,900,000 | Freeport-McMoRan, Inc | 5.450 | 03/15/43 | 5,894,700 | |||||||||||||
1,800,000 | g | Fresnillo plc | 4.250 | 10/02/50 | 1,768,500 |
176 |
TIAA-CREF FUNDS - Core Bond Fund
MATURITY | |||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | |||||||||||
$ | 1,250,000 | g | Gold Fields Orogen Holdings BVI Ltd | 6.125 | % | 05/15/29 | $ | 1,462,500 | |||||||
225,000 | g | Hudbay Minerals, Inc | 4.500 | 04/01/26 | 233,845 | ||||||||||
475,000 | g | Hudbay Minerals, Inc | 6.125 | 04/01/29 | 507,063 | ||||||||||
1,275,000 | g | Industrias Penoles SAB de C.V. | 4.150 | 09/12/29 | 1,385,887 | ||||||||||
1,275,000 | International Paper Co | 5.000 | 09/15/35 | 1,539,240 | |||||||||||
3,500,000 | International Paper Co | 5.150 | 05/15/46 | 4,433,231 | |||||||||||
350,000 | International Paper Co | 4.350 | 08/15/48 | 404,525 | |||||||||||
3,000,000 | g | Inversiones CMPC S.A. | 4.375 | 04/04/27 | 3,299,130 | ||||||||||
775,000 | g | Inversiones CMPC S.A. | 3.850 | 01/13/30 | 826,073 | ||||||||||
675,000 | g | James Hardie International Finance DAC | 5.000 | 01/15/28 | 713,812 | ||||||||||
2,000,000 | g | Klabin Austria GmbH | 5.750 | 04/03/29 | 2,239,000 | ||||||||||
1,000,000 | g | Klabin Finance S.A. | 4.875 | 09/19/27 | 1,092,590 | ||||||||||
1,750,000 | g | MEGlobal Canada ULC | 5.000 | 05/18/25 | 1,944,670 | ||||||||||
1,000,000 | g | Metinvest BV | 7.650 | 10/01/27 | 1,071,146 | ||||||||||
2,700,000 | g | Midwest Connector Capital Co LLC | 3.900 | 04/01/24 | 2,786,929 | ||||||||||
2,700,000 | g | Midwest Connector Capital Co LLC | 4.625 | 04/01/29 | 2,737,894 | ||||||||||
1,600,000 | Mosaic Co | 4.875 | 11/15/41 | 1,765,835 | |||||||||||
2,000,000 | Newmont Corp | 2.250 | 10/01/30 | 1,948,274 | |||||||||||
5,305,000 | Newmont Goldcorp Corp | 3.625 | 06/09/21 | 5,306,855 | |||||||||||
5,900,000 | g | Nova Chemicals Corp | 4.875 | 06/01/24 | 6,165,500 | ||||||||||
1,725,000 | Nutrien Ltd | 3.375 | 03/15/25 | 1,854,479 | |||||||||||
4,900,000 | Nutrien Ltd | 2.950 | 05/13/30 | 5,070,670 | |||||||||||
2,000,000 | g | OCI NV | 5.250 | 11/01/24 | 2,080,000 | ||||||||||
2,375,000 | g | OCI NV | 4.625 | 10/15/25 | 2,455,156 | ||||||||||
720,000 | g | Owens-Brockway Glass Container, Inc | 5.875 | 08/15/23 | 771,300 | ||||||||||
480,000 | Packaging Corp of America | 3.650 | 09/15/24 | 521,787 | |||||||||||
375,000 | g | PolyOne Corp | 5.750 | 05/15/25 | 398,437 | ||||||||||
4,050,000 | Praxair, Inc | 1.100 | 08/10/30 | 3,682,799 | |||||||||||
1,550,000 | g | SABIC Capital II BV | 4.000 | 10/10/23 | 1,670,372 | ||||||||||
1,475,000 | Sasol Financing USA LLC | 5.875 | 03/27/24 | 1,564,385 | |||||||||||
1,750,000 | Sasol Financing USA LLC | 4.375 | 09/18/26 | 1,785,262 | |||||||||||
4,200,000 | Sherwin-Williams Co | 2.300 | 05/15/30 | 4,136,464 | |||||||||||
1,500,000 | g | Sociedad Quimica y Minera de Chile S.A. | 4.250 | 05/07/29 | 1,676,250 | ||||||||||
2,400,000 | Suzano Austria GmbH | 3.750 | 01/15/31 | 2,469,048 | |||||||||||
1,325,000 | e,g | Suzano Austria GmbH | 7.000 | 03/16/47 | 1,705,924 | ||||||||||
250,000 | g | Tronox Finance plc | 5.750 | 10/01/25 | 260,782 | ||||||||||
1,150,000 | g | Tronox, Inc | 4.625 | 03/15/29 | 1,151,437 | ||||||||||
3,675,000 | g | UltraTech Cement Ltd | 2.800 | 02/16/31 | 3,451,597 | ||||||||||
175,000 | g | Univar Solutions USA, Inc | 5.125 | 12/01/27 | 182,108 | ||||||||||
6,900,000 | WRKCo, Inc | 4.900 | 03/15/29 | 8,056,335 | |||||||||||
TOTAL MATERIALS | 148,873,854 | ||||||||||||||
MEDIA & ENTERTAINMENT - 2.2% | |||||||||||||||
2,675,000 | Activision Blizzard, Inc | 3.400 | 09/15/26 | 2,923,948 | |||||||||||
1,850,000 | Activision Blizzard, Inc | 1.350 | 09/15/30 | 1,671,269 | |||||||||||
2,500,000 | g | Arches Buyer, Inc | 4.250 | 06/01/28 | 2,495,500 | ||||||||||
1,900,000 | g | B2W Digital Lux Sarl | 4.375 | 12/20/30 | 1,855,350 | ||||||||||
1,650,000 | g | Banco Nacional de Panama | 2.500 | 08/11/30 | 1,531,200 | ||||||||||
1,575,000 | g | Cable Onda S.A. | 4.500 | 01/30/30 | 1,672,603 | ||||||||||
500,000 | e,g | CBS Radio, Inc | 7.250 | 11/01/24 | 517,500 | ||||||||||
4,900,000 | g | CCO Holdings LLC | 5.125 | 05/01/27 | 5,180,843 | ||||||||||
5,000,000 | g | CCO Holdings LLC | 4.250 | 02/01/31 | 5,011,100 | ||||||||||
5,150,000 | Charter Communications Operating LLC | 3.750 | 02/15/28 | 5,576,824 | |||||||||||
5,660,000 | Charter Communications Operating LLC | 4.200 | 03/15/28 | 6,238,942 |
177 |
TIAA-CREF FUNDS - Core Bond Fund
MATURITY | |||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | |||||||||||
$ | 2,500,000 | Charter Communications Operating LLC | 2.800 | % | 04/01/31 | $ | 2,467,221 | ||||||||
2,400,000 | Charter Communications Operating LLC | 5.125 | 07/01/49 | 2,700,170 | |||||||||||
10,750,000 | Charter Communications Operating LLC | 4.800 | 03/01/50 | 11,531,689 | |||||||||||
10,300,000 | Comcast Corp | 2.350 | 01/15/27 | 10,751,595 | |||||||||||
3,130,000 | Comcast Corp | 3.300 | 02/01/27 | 3,415,295 | |||||||||||
3,700,000 | Comcast Corp | 4.150 | 10/15/28 | 4,234,400 | |||||||||||
3,875,000 | Comcast Corp | 1.500 | 02/15/31 | 3,595,067 | |||||||||||
4,525,000 | Comcast Corp | 3.200 | 07/15/36 | 4,718,948 | |||||||||||
1,000,000 | Comcast Corp | 3.900 | 03/01/38 | 1,123,208 | |||||||||||
7,500,000 | Comcast Corp | 4.700 | 10/15/48 | 9,267,328 | |||||||||||
17,350,000 | Comcast Corp | 2.800 | 01/15/51 | 15,908,383 | |||||||||||
4,100,000 | g | CSC Holdings LLC | 5.500 | 04/15/27 | 4,306,435 | ||||||||||
1,500,000 | g | CSC Holdings LLC | 7.500 | 04/01/28 | 1,654,200 | ||||||||||
5,000,000 | g | CSC Holdings LLC | 3.375 | 02/15/31 | 4,712,500 | ||||||||||
656,000 | Discovery Communications LLC | 2.950 | 03/20/23 | 685,369 | |||||||||||
3,475,000 | Discovery Communications LLC | 3.625 | 05/15/30 | 3,718,701 | |||||||||||
3,500,000 | Discovery Communications LLC | 5.200 | 09/20/47 | 4,149,483 | |||||||||||
1,450,000 | DISH DBS Corp | 5.000 | 03/15/23 | 1,512,712 | |||||||||||
1,000,000 | DISH DBS Corp | 7.750 | 07/01/26 | 1,103,735 | |||||||||||
2,000,000 | DISH DBS Corp | 7.375 | 07/01/28 | 2,098,100 | |||||||||||
2,000,000 | g | Empresa de los Ferrocarriles del Estado | 3.068 | 08/18/50 | 1,745,000 | ||||||||||
1,125,000 | g | Gray Escrow, Inc | 7.000 | 05/15/27 | 1,223,437 | ||||||||||
550,000 | g | Gray Television, Inc | 5.875 | 07/15/26 | 569,937 | ||||||||||
2,785,000 | Grupo Televisa SAB | 6.625 | 01/15/40 | 3,578,725 | |||||||||||
650,000 | Lamar Media Corp | 3.750 | 02/15/28 | 649,188 | |||||||||||
1,000,000 | Lamar Media Corp | 4.000 | 02/15/30 | 997,220 | |||||||||||
1,675,000 | g | Lamar Media Corp | 3.625 | 01/15/31 | 1,618,134 | ||||||||||
1,275,000 | g | LCPR Senior Secured Financing DAC | 5.125 | 07/15/29 | 1,297,466 | ||||||||||
6,900,000 | g | LUKOIL Securities BV | 3.875 | 05/06/30 | 7,115,970 | ||||||||||
1,200,000 | MDGH-GMTN BV | 2.500 | 05/21/26 | 1,245,324 | |||||||||||
3,000,000 | g | Medco Bell Pte Ltd | 6.375 | 01/30/27 | 3,009,000 | ||||||||||
2,445,000 | g | Mexico Remittances Funding Fiduciary Estate Management Sarl | 4.875 | 01/15/28 | 2,396,345 | ||||||||||
885,000 | NBC Universal Media LLC | 6.400 | 04/30/40 | 1,277,568 | |||||||||||
45,000 | g | Nielsen Finance LLC | 5.000 | 04/15/22 | 45,009 | ||||||||||
2,100,000 | g | Oryx Funding Ltd | 5.800 | 02/03/31 | 2,165,916 | ||||||||||
525,000 | g | Outfront Media Capital LLC | 4.250 | 01/15/29 | 505,428 | ||||||||||
1,525,000 | g | Rackspace Technology Global, Inc | 3.500 | 02/15/28 | 1,465,754 | ||||||||||
1,575,000 | g | Sirius XM Radio, Inc | 4.125 | 07/01/30 | 1,576,811 | ||||||||||
750,000 | g | TEGNA, Inc | 4.750 | 03/15/26 | 795,938 | ||||||||||
500,000 | TEGNA, Inc | 4.625 | 03/15/28 | 508,750 | |||||||||||
1,075,000 | g | Telefonica Celular del Paraguay S.A. | 5.875 | 04/15/27 | 1,138,156 | ||||||||||
250,000 | Time Warner Cable LLC | 5.875 | 11/15/40 | 310,461 | |||||||||||
1,100,000 | ViacomCBS, Inc | 2.900 | 01/15/27 | 1,156,217 | |||||||||||
800,000 | ViacomCBS, Inc | 3.375 | 02/15/28 | 850,152 | |||||||||||
1,770,000 | ViacomCBS, Inc | 4.375 | 03/15/43 | 1,909,945 | |||||||||||
200,000 | ViacomCBS, Inc | 5.850 | 09/01/43 | 255,442 | |||||||||||
4,500,000 | Walt Disney Co | 3.000 | 09/15/22 | 4,672,170 | |||||||||||
110,000 | Walt Disney Co | 7.625 | 11/30/28 | 150,185 | |||||||||||
19,500,000 | Walt Disney Co | 2.000 | 09/01/29 | 19,258,484 | |||||||||||
85,000 | Walt Disney Co | 6.550 | 03/15/33 | 117,696 | |||||||||||
1,825,000 | Weibo Corp | 3.375 | 07/08/30 | 1,815,512 | |||||||||||
TOTAL MEDIA & ENTERTAINMENT | 193,750,958 |
178 |
TIAA-CREF FUNDS - Core Bond Fund
MATURITY | |||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | |||||||||||
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 1.4% | |||||||||||||||
$ | 1,550,000 | AbbVie, Inc | 2.850 | % | 05/14/23 | $ | 1,616,773 | ||||||||
12,900,000 | AbbVie, Inc | 3.800 | 03/15/25 | 14,093,761 | |||||||||||
11,400,000 | AbbVie, Inc | 2.950 | 11/21/26 | 12,137,361 | |||||||||||
7,050,000 | AbbVie, Inc | 3.200 | 11/21/29 | 7,499,593 | |||||||||||
6,500,000 | AbbVie, Inc | 4.050 | 11/21/39 | 7,277,441 | |||||||||||
2,072,000 | AbbVie, Inc | 4.400 | 11/06/42 | 2,408,270 | |||||||||||
1,360,000 | AbbVie, Inc | 4.450 | 05/14/46 | 1,566,949 | |||||||||||
8,775,000 | AbbVie, Inc | 4.250 | 11/21/49 | 9,929,228 | |||||||||||
1,775,000 | AstraZeneca plc | 3.125 | 06/12/27 | 1,910,195 | |||||||||||
1,500,000 | g | Avantor Funding, Inc | 4.625 | 07/15/28 | 1,566,540 | ||||||||||
1,021,000 | Bristol-Myers Squibb Co | 2.900 | 07/26/24 | 1,090,895 | |||||||||||
424,000 | Bristol-Myers Squibb Co | 3.875 | 08/15/25 | 471,486 | |||||||||||
12,950,000 | Bristol-Myers Squibb Co | 3.400 | 07/26/29 | 14,151,952 | |||||||||||
10,750,000 | Bristol-Myers Squibb Co | 1.450 | 11/13/30 | 10,043,416 | |||||||||||
620,000 | Bristol-Myers Squibb Co | 4.250 | 10/26/49 | 730,283 | |||||||||||
1,375,000 | Bristol-Myers Squibb Co | 2.550 | 11/13/50 | 1,221,979 | |||||||||||
225,000 | g | Emergent BioSolutions, Inc | 3.875 | 08/15/28 | 219,937 | ||||||||||
475,000 | g | Endo Luxembourg Finance Co I Sarl | 6.125 | 04/01/29 | 479,156 | ||||||||||
1,850,000 | Gilead Sciences, Inc | 1.200 | 10/01/27 | 1,773,667 | |||||||||||
635,000 | Gilead Sciences, Inc | 4.000 | 09/01/36 | 696,190 | |||||||||||
4,850,000 | Gilead Sciences, Inc | 2.800 | 10/01/50 | 4,310,602 | |||||||||||
100,000 | g | Jaguar Holding Co II | 4.625 | 06/15/25 | 104,330 | ||||||||||
125,000 | g | Jaguar Holding Co II | 5.000 | 06/15/28 | 130,187 | ||||||||||
1,325,000 | Johnson & Johnson | 2.900 | 01/15/28 | 1,432,681 | |||||||||||
1,250,000 | Johnson & Johnson | 3.400 | 01/15/38 | 1,370,879 | |||||||||||
7,875,000 | Merck & Co, Inc | 1.450 | 06/24/30 | 7,502,493 | |||||||||||
4,075,000 | Mylan, Inc | 4.550 | 04/15/28 | 4,601,878 | |||||||||||
2,650,000 | g | Royalty Pharma plc | 2.200 | 09/02/30 | 2,528,869 | ||||||||||
10,175,000 | Takeda Pharmaceutical Co Ltd | 2.050 | 03/31/30 | 9,806,544 | |||||||||||
1,000,000 | Takeda Pharmaceutical Co Ltd | 3.025 | 07/09/40 | 967,165 | |||||||||||
3,000,000 | Teva Pharmaceutical Finance Netherlands III BV | 3.150 | 10/01/26 | 2,868,750 | |||||||||||
2,125,000 | g | Viatris, Inc | 2.700 | 06/22/30 | 2,098,401 | ||||||||||
1,250,000 | g | Viatris, Inc | 3.850 | 06/22/40 | 1,279,202 | ||||||||||
TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 129,887,053 | ||||||||||||||
REAL ESTATE - 2.0% | |||||||||||||||
5,450,000 | Alexandria Real Estate Equities, Inc | 3.450 | 04/30/25 | 5,908,360 | |||||||||||
450,000 | Alexandria Real Estate Equities, Inc | 3.950 | 01/15/27 | 501,590 | |||||||||||
675,000 | Alexandria Real Estate Equities, Inc | 3.950 | 01/15/28 | 750,246 | |||||||||||
2,775,000 | Alexandria Real Estate Equities, Inc | 4.900 | 12/15/30 | 3,278,028 | |||||||||||
1,900,000 | Alexandria Real Estate Equities, Inc | 1.875 | 02/01/33 | 1,727,484 | |||||||||||
1,450,000 | American Tower Corp | 3.000 | 06/15/23 | 1,525,801 | |||||||||||
2,700,000 | American Tower Corp | 2.950 | 01/15/25 | 2,871,031 | |||||||||||
600,000 | American Tower Corp | 3.375 | 10/15/26 | 648,867 | |||||||||||
10,000,000 | American Tower Corp | 2.750 | 01/15/27 | 10,438,408 | |||||||||||
1,200,000 | American Tower Corp | 3.600 | 01/15/28 | 1,295,696 | |||||||||||
5,800,000 | American Tower Corp | 3.800 | 08/15/29 | 6,314,780 | |||||||||||
6,950,000 | American Tower Corp | 2.900 | 01/15/30 | 7,065,032 | |||||||||||
5,025,000 | American Tower Corp | 1.875 | 10/15/30 | 4,700,966 |
179 |
TIAA-CREF FUNDS - Core Bond Fund
MATURITY | |||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | |||||||||||
$ | 1,975,000 | Brandywine Operating Partnership LP | 3.950 | % | 02/15/23 | $ | 2,064,263 | ||||||||
1,125,000 | Brandywine Operating Partnership LP | 4.100 | 10/01/24 | 1,213,951 | |||||||||||
2,225,000 | Brixmor Operating Partnership LP | 3.850 | 02/01/25 | 2,407,337 | |||||||||||
600,000 | Brixmor Operating Partnership LP | 2.250 | 04/01/28 | 588,729 | |||||||||||
2,000,000 | Camden Property Trust | 4.250 | 01/15/24 | 2,167,096 | |||||||||||
1,550,000 | Corporate Office Properties LP | 2.750 | 04/15/31 | 1,498,816 | |||||||||||
400,000 | Crown Castle International Corp | 3.650 | 09/01/27 | 435,894 | |||||||||||
1,275,000 | Crown Castle International Corp | 3.800 | 02/15/28 | 1,388,964 | |||||||||||
6,675,000 | Crown Castle International Corp | 2.250 | 01/15/31 | 6,415,658 | |||||||||||
5,845,000 | Crown Castle International Corp | 2.100 | 04/01/31 | 5,518,703 | |||||||||||
1,950,000 | Digital Realty Trust LP | 3.700 | 08/15/27 | 2,149,674 | |||||||||||
1,075,000 | Duke Realty LP | 4.000 | 09/15/28 | 1,192,422 | |||||||||||
1,925,000 | Equinix, Inc | 2.150 | 07/15/30 | 1,830,177 | |||||||||||
850,000 | Essex Portfolio LP | 3.375 | 01/15/23 | 884,374 | |||||||||||
5,000,000 | Essex Portfolio LP | 3.875 | 05/01/24 | 5,403,375 | |||||||||||
4,575,000 | Essex Portfolio LP | 3.000 | 01/15/30 | 4,687,220 | |||||||||||
1,675,000 | Healthcare Realty Trust, Inc | 3.875 | 05/01/25 | 1,816,651 | |||||||||||
3,000,000 | Healthcare Realty Trust, Inc | 3.625 | 01/15/28 | 3,224,129 | |||||||||||
900,000 | Healthcare Realty Trust, Inc | 2.400 | 03/15/30 | 876,152 | |||||||||||
925,000 | Healthcare Realty Trust, Inc | 2.050 | 03/15/31 | 867,451 | |||||||||||
4,125,000 | Healthcare Trust of America Holdings LP | 3.500 | 08/01/26 | 4,506,113 | |||||||||||
5,525,000 | Healthcare Trust of America Holdings LP | 3.100 | 02/15/30 | 5,701,568 | |||||||||||
5,500,000 | Highwoods Realty LP | 3.875 | 03/01/27 | 5,952,704 | |||||||||||
1,025,000 | Highwoods Realty LP | 4.125 | 03/15/28 | 1,109,052 | |||||||||||
1,350,000 | Highwoods Realty LP | 4.200 | 04/15/29 | 1,466,052 | |||||||||||
8,010,000 | Highwoods Realty LP | 3.050 | 02/15/30 | 8,088,476 | |||||||||||
1,675,000 | Highwoods Realty LP | 2.600 | 02/01/31 | 1,636,059 | |||||||||||
1,225,000 | g | Howard Hughes Corp | 4.125 | 02/01/29 | 1,197,707 | ||||||||||
1,300,000 | g | Howard Hughes Corp | 4.375 | 02/01/31 | 1,273,187 | ||||||||||
835,000 | Hudson Pacific Properties LP | 3.950 | 11/01/27 | 894,935 | |||||||||||
1,500,000 | Hudson Pacific Properties LP | 3.250 | 01/15/30 | 1,509,512 | |||||||||||
775,000 | iStar, Inc | 4.750 | 10/01/24 | 806,314 | |||||||||||
1,400,000 | Kennedy-Wilson, Inc | 4.750 | 03/01/29 | 1,417,500 | |||||||||||
1,475,000 | Kennedy-Wilson, Inc | 5.000 | 03/01/31 | 1,493,806 | |||||||||||
425,000 | Life Storage LP | 2.200 | 10/15/30 | 401,459 | |||||||||||
350,000 | g | MGM Growth Properties Operating Partnership LP | 4.625 | 06/15/25 | 369,145 | ||||||||||
1,200,000 | Mid-America Apartments LP | 4.300 | 10/15/23 | 1,296,741 | |||||||||||
1,200,000 | Mid-America Apartments LP | 3.750 | 06/15/24 | 1,298,291 | |||||||||||
1,050,000 | Mid-America Apartments LP | 4.000 | 11/15/25 | 1,165,062 | |||||||||||
2,150,000 | Mid-America Apartments LP | 3.600 | 06/01/27 | 2,339,336 | |||||||||||
7,350,000 | Mid-America Apartments LP | 2.750 | 03/15/30 | 7,420,356 | |||||||||||
2,700,000 | Mid-America Apartments LP | 1.700 | 02/15/31 | 2,480,444 | |||||||||||
625,000 | National Retail Properties, Inc | 4.000 | 11/15/25 | 686,338 | |||||||||||
1,850,000 | National Retail Properties, Inc | 3.600 | 12/15/26 | 2,005,254 | |||||||||||
1,100,000 | Regency Centers LP | 3.900 | 11/01/25 | 1,201,807 | |||||||||||
1,950,000 | Regency Centers LP | 3.600 | 02/01/27 | 2,110,674 | |||||||||||
4,650,000 | Regency Centers LP | 2.950 | 09/15/29 | 4,729,819 | |||||||||||
2,925,000 | Retail Properties of America, Inc | 4.750 | 09/15/30 | 3,095,884 | |||||||||||
3,950,000 | g | SBA Communications Corp | 3.125 | 02/01/29 | 3,796,543 | ||||||||||
646,000 | SITE Centers Corp | 3.625 | 02/01/25 | 674,588 | |||||||||||
2,000,000 | SITE Centers Corp | 4.250 | 02/01/26 | 2,133,664 | |||||||||||
2,833,000 | SITE Centers Corp | 4.700 | 06/01/27 | 3,094,359 | |||||||||||
3,000,000 | g | Trust F/1401 | 5.250 | 01/30/26 | 3,315,000 |
180 |
TIAA-CREF FUNDS - Core Bond Fund
MATURITY | |||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | |||||||||||
$ | 775,000 | g | VICI Properties LP | 3.500 | % | 02/15/25 | $ | 789,047 | |||||||
400,000 | Weingarten Realty Investors | 3.375 | 10/15/22 | 413,399 | |||||||||||
1,876,000 | Weingarten Realty Investors | 3.500 | 04/15/23 | 1,963,602 | |||||||||||
475,000 | Weingarten Realty Investors | 4.450 | 01/15/24 | 514,060 | |||||||||||
1,025,000 | Weingarten Realty Investors | 3.850 | 06/01/25 | 1,101,641 | |||||||||||
700,000 | Weingarten Realty Investors | 3.250 | 08/15/26 | 733,370 | |||||||||||
TOTAL REAL ESTATE | 179,840,193 | ||||||||||||||
RETAILING - 0.6% | |||||||||||||||
1,100,000 | AutoNation, Inc | 3.800 | 11/15/27 | 1,199,930 | |||||||||||
3,275,000 | AutoZone, Inc | 1.650 | 01/15/31 | 2,998,062 | |||||||||||
300,000 | Chevron USA, Inc | 3.900 | 11/15/24 | 330,324 | |||||||||||
1,400,000 | Chevron USA, Inc | 3.850 | 01/15/28 | 1,559,995 | |||||||||||
1,250,000 | Chevron USA, Inc | 5.050 | 11/15/44 | 1,585,603 | |||||||||||
550,000 | g | Group 1 Automotive, Inc | 4.000 | 08/15/28 | 546,562 | ||||||||||
520,000 | Home Depot, Inc | 2.625 | 06/01/22 | 533,092 | |||||||||||
4,000,000 | g | JSM Global Sarl | 4.750 | 10/20/30 | 4,010,040 | ||||||||||
125,000 | g | L Brands, Inc | 9.375 | 07/01/25 | 155,625 | ||||||||||
925,000 | g | L Brands, Inc | 6.625 | 10/01/30 | 1,056,165 | ||||||||||
850,000 | g | Lithia Motors, Inc | 4.625 | 12/15/27 | 882,937 | ||||||||||
1,950,000 | g | Lithia Motors, Inc | 4.375 | 01/15/31 | 2,023,993 | ||||||||||
4,215,000 | O’Reilly Automotive, Inc | 3.550 | 03/15/26 | 4,602,455 | |||||||||||
2,175,000 | O’Reilly Automotive, Inc | 3.600 | 09/01/27 | 2,377,552 | |||||||||||
2,100,000 | O’Reilly Automotive, Inc | 4.200 | 04/01/30 | 2,360,835 | |||||||||||
5,505,000 | O’Reilly Automotive, Inc | 1.750 | 03/15/31 | 5,086,134 | |||||||||||
715,000 | Penske Automotive Group, Inc | 5.500 | 05/15/26 | 735,771 | |||||||||||
2,200,000 | g | Prosus NV | 3.680 | 01/21/30 | 2,270,698 | ||||||||||
2,000,000 | g | Prosus NV | 3.832 | 02/08/51 | 1,756,550 | ||||||||||
4,950,000 | g | Staples, Inc | 7.500 | 04/15/26 | 5,221,013 | ||||||||||
8,025,000 | Target Corp | 2.350 | 02/15/30 | 8,136,083 | |||||||||||
TOTAL RETAILING | 49,429,419 | ||||||||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.4% | |||||||||||||||
4,250,000 | Broadcom, Inc | 4.150 | 11/15/30 | 4,587,280 | |||||||||||
6,774,000 | g | Broadcom, Inc | 3.469 | 04/15/34 | 6,797,160 | ||||||||||
2,475,000 | g | Broadcom, Inc | 3.500 | 02/15/41 | 2,370,415 | ||||||||||
260,000 | Intel Corp | 3.150 | 05/11/27 | 283,084 | |||||||||||
1,150,000 | Intel Corp | 3.734 | 12/08/47 | 1,238,771 | |||||||||||
1,350,000 | Lam Research Corp | 3.750 | 03/15/26 | 1,496,335 | |||||||||||
1,525,000 | Lam Research Corp | 4.000 | 03/15/29 | 1,726,966 | |||||||||||
5,575,000 | Lam Research Corp | 1.900 | 06/15/30 | 5,403,137 | |||||||||||
550,000 | Lam Research Corp | 2.875 | 06/15/50 | 524,283 | |||||||||||
1,650,000 | g | NXP BV | 2.700 | 05/01/25 | 1,730,461 | ||||||||||
2,650,000 | g | NXP BV | 3.875 | 06/18/26 | 2,916,809 | ||||||||||
1,200,000 | g | NXP BV | 3.400 | 05/01/30 | 1,267,143 | ||||||||||
3,600,000 | g | SK Hynix, Inc | 1.500 | 01/19/26 | 3,542,688 | ||||||||||
1,100,000 | Texas Instruments, Inc | 2.625 | 05/15/24 | 1,165,773 | |||||||||||
1,100,000 | Texas Instruments, Inc | 4.150 | 05/15/48 | 1,308,670 | |||||||||||
TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | 36,358,975 | ||||||||||||||
SOFTWARE & SERVICES - 0.9% | |||||||||||||||
9,955,000 | Adobe, Inc | 2.300 | 02/01/30 | 10,067,528 |
181 |
TIAA-CREF FUNDS - Core Bond Fund
MATURITY | |||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | |||||||||||
$ | 1,275,000 | Baidu, Inc | 4.375 | % | 05/14/24 | $ | 1,398,647 | ||||||||
250,000 | g | Black Knight InfoServ LLC | 3.625 | 09/01/28 | 245,652 | ||||||||||
925,000 | g | Booz Allen Hamilton, Inc | 3.875 | 09/01/28 | 929,856 | ||||||||||
90,000 | g | Camelot Finance S.A. | 4.500 | 11/01/26 | 93,053 | ||||||||||
2,375,000 | Fidelity National Information Services, Inc | 2.250 | 03/01/31 | 2,333,474 | |||||||||||
6,300,000 | Fiserv, Inc | 2.750 | 07/01/24 | 6,657,314 | |||||||||||
9,550,000 | Fiserv, Inc | 3.500 | 07/01/29 | 10,300,623 | |||||||||||
900,000 | g | Gartner, Inc | 3.750 | 10/01/30 | 892,557 | ||||||||||
2,425,000 | Global Payments, Inc | 2.650 | 02/15/25 | 2,547,897 | |||||||||||
5,225,000 | Global Payments, Inc | 3.200 | 08/15/29 | 5,503,030 | |||||||||||
3,000,000 | g | HCL America, Inc | 1.375 | 03/10/26 | 2,945,985 | ||||||||||
1,625,000 | g | j2 Global, Inc | 4.625 | 10/15/30 | 1,641,250 | ||||||||||
19,000,000 | Microsoft Corp | 2.400 | 08/08/26 | 20,087,833 | |||||||||||
446,000 | Microsoft Corp | 2.525 | 06/01/50 | 406,116 | |||||||||||
2,614,000 | Microsoft Corp | 2.921 | 03/17/52 | 2,574,927 | |||||||||||
550,000 | g | Open Text Holdings, Inc | 4.125 | 02/15/30 | 557,529 | ||||||||||
175,000 | g | Presidio Holdings, Inc | 4.875 | 02/01/27 | 179,379 | ||||||||||
875,000 | salesforce.com, Inc | 3.700 | 04/11/28 | 977,296 | |||||||||||
2,400,000 | Twilio, Inc | 3.625 | 03/15/29 | 2,429,592 | |||||||||||
580,000 | Visa, Inc | 3.150 | 12/14/25 | 632,606 | |||||||||||
4,725,000 | Visa, Inc | 2.050 | 04/15/30 | 4,716,723 | |||||||||||
900,000 | Visa, Inc | 2.700 | 04/15/40 | 881,399 | |||||||||||
TOTAL SOFTWARE & SERVICES | 79,000,266 | ||||||||||||||
TECHNOLOGY HARDWARE & EQUIPMENT - 0.8% | |||||||||||||||
3,450,000 | Amphenol Corp | 2.800 | 02/15/30 | 3,537,151 | |||||||||||
8,575,000 | Apple, Inc | 2.450 | 08/04/26 | 9,033,694 | |||||||||||
19,975,000 | Apple, Inc | 2.050 | 09/11/26 | 20,679,907 | |||||||||||
1,100,000 | Apple, Inc | 4.650 | 02/23/46 | 1,367,745 | |||||||||||
3,000,000 | Apple, Inc | 2.650 | 02/08/51 | 2,741,344 | |||||||||||
6,076,000 | Broadcom Corp | 3.875 | 01/15/27 | 6,597,959 | |||||||||||
434,000 | g | CommScope Technologies LLC | 6.000 | 06/15/25 | 442,702 | ||||||||||
675,000 | Corning, Inc | 4.375 | 11/15/57 | 737,209 | |||||||||||
4,450,000 | g | Dell International LLC | 5.300 | 10/01/29 | 5,205,441 | ||||||||||
5,500,000 | g | Lenovo Group Ltd | 3.421 | 11/02/30 | 5,522,407 | ||||||||||
2,425,000 | g | NCR Corp | 5.000 | 10/01/28 | 2,449,250 | ||||||||||
975,000 | g | Sensata Technologies BV | 4.000 | 04/15/29 | 992,579 | ||||||||||
3,000,000 | Tyco Electronics Group S.A. | 3.500 | 02/03/22 | 3,055,541 | |||||||||||
525,000 | Tyco Electronics Group S.A. | 3.700 | 02/15/26 | 574,493 | |||||||||||
TOTAL TECHNOLOGY HARDWARE & EQUIPMENT | 62,937,422 | ||||||||||||||
TELECOMMUNICATION SERVICES - 2.3% | |||||||||||||||
5,500,000 | AT&T, Inc | 4.300 | 02/15/30 | 6,191,744 | |||||||||||
11,050,000 | AT&T, Inc | 2.250 | 02/01/32 | 10,510,074 | |||||||||||
10,737,000 | g | AT&T, Inc | 2.550 | 12/01/33 | 10,193,610 | ||||||||||
2,300,000 | AT&T, Inc | 4.500 | 05/15/35 | 2,594,090 | |||||||||||
8,825,000 | AT&T, Inc | 3.300 | 02/01/52 | 7,948,213 | |||||||||||
7,122,000 | g | AT&T, Inc | 3.500 | 09/15/53 | 6,581,695 | ||||||||||
13,750,000 | g | AT&T, Inc | 3.550 | 09/15/55 | 12,582,714 | ||||||||||
12,498,000 | g | AT&T, Inc | 3.800 | 12/01/57 | 11,890,430 | ||||||||||
2,399,000 | g | AT&T, Inc | 3.650 | 09/15/59 | 2,192,851 | ||||||||||
3,775,000 | g | Avaya, Inc | 6.125 | 09/15/28 | 4,007,408 | ||||||||||
2,000,000 | g | Bharti Airtel Ltd | 4.375 | 06/10/25 | 2,147,386 | ||||||||||
6,250,000 | g | Bharti Airtel Ltd | 3.250 | 06/03/31 | 6,102,018 |
182 |
TIAA-CREF FUNDS - Core Bond Fund
MATURITY | |||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | |||||||||||
$ | 450,000 | g | C&W Senior Financing Designated Activity Co | 7.500 | % | 10/15/26 | $ | 476,437 | |||||||
2,000,000 | g | C&W Senior Financing Designated Activity Co | 6.875 | 09/15/27 | 2,132,500 | ||||||||||
975,000 | g | CommScope, Inc | 6.000 | 03/01/26 | 1,027,343 | ||||||||||
630,000 | Deutsche Telekom International Finance BV | 8.750 | 06/15/30 | 934,360 | |||||||||||
1,525,000 | g | Kenbourne Invest S.A. | 4.700 | 01/22/28 | 1,567,700 | ||||||||||
1,175,000 | g | Millicom International Cellular S.A. | 4.500 | 04/27/31 | 1,222,000 | ||||||||||
2,000,000 | g | MTN Mauritius Investment Ltd | 6.500 | 10/13/26 | 2,235,810 | ||||||||||
2,000,000 | g | Network i2i Ltd | 5.650 | N/A‡ | 2,115,000 | ||||||||||
2,000,000 | g | Network i2i Ltd | 3.975 | N/A‡ | 2,005,000 | ||||||||||
2,475,000 | g,h | Ooredoo International Finance Ltd | 2.625 | 04/08/31 | 2,448,320 | ||||||||||
500,000 | Orange S.A. | 5.375 | 01/13/42 | 647,552 | |||||||||||
510,000 | Rogers Communications, Inc | 3.625 | 12/15/25 | 556,474 | |||||||||||
1,900,000 | Rogers Communications, Inc | 3.700 | 11/15/49 | 1,886,568 | |||||||||||
4,700,000 | Telefonica Emisiones SAU | 4.103 | 03/08/27 | 5,255,279 | |||||||||||
2,300,000 | T-Mobile USA, Inc | 2.250 | 02/15/26 | 2,316,537 | |||||||||||
3,000,000 | T-Mobile USA, Inc | 2.625 | 02/15/29 | 2,913,120 | |||||||||||
16,100,000 | g | T-Mobile USA, Inc | 3.875 | 04/15/30 | 17,474,296 | ||||||||||
10,800,000 | g | T-Mobile USA, Inc | 2.550 | 02/15/31 | 10,580,652 | ||||||||||
2,000,000 | T-Mobile USA, Inc | 2.875 | 02/15/31 | 1,933,000 | |||||||||||
1,275,000 | g | T-Mobile USA, Inc | 3.000 | 02/15/41 | 1,183,391 | ||||||||||
1,150,000 | g | T-Mobile USA, Inc | 4.500 | 04/15/50 | 1,291,323 | ||||||||||
4,075,000 | g | T-Mobile USA, Inc | 3.300 | 02/15/51 | 3,808,373 | ||||||||||
206,000 | Verizon Communications, Inc | 3.376 | 02/15/25 | 223,441 | |||||||||||
1,375,000 | g | Verizon Communications, Inc | 1.680 | 10/30/30 | 1,275,637 | ||||||||||
1,300,000 | Verizon Communications, Inc | 1.750 | 01/20/31 | 1,210,605 | |||||||||||
7,600,000 | Verizon Communications, Inc | 2.550 | 03/21/31 | 7,593,104 | |||||||||||
11,097,000 | Verizon Communications, Inc | 4.272 | 01/15/36 | 12,542,760 | |||||||||||
18,400,000 | Verizon Communications, Inc | 2.875 | 11/20/50 | 16,353,586 | |||||||||||
7,000,000 | Vodafone Group plc | 4.250 | 09/17/50 | 7,688,440 | |||||||||||
1,325,000 | g | Zayo Group Holdings, Inc | 4.000 | 03/01/27 | 1,301,812 | ||||||||||
TOTAL TELECOMMUNICATION SERVICES | 197,142,653 | ||||||||||||||
TRANSPORTATION - 0.6% | |||||||||||||||
1,000,000 | g | Adani Ports & Special Economic Zone Ltd | 4.000 | 07/30/27 | 1,054,288 | ||||||||||
800,000 | g | Adani Ports & Special Economic Zone Ltd | 4.200 | 08/04/27 | 848,392 | ||||||||||
1,800,000 | g | Adani Ports & Special Economic Zone Ltd | 3.100 | 02/02/31 | 1,706,580 | ||||||||||
2,925,000 | g | American Airlines, Inc | 5.500 | 04/20/26 | 3,044,018 | ||||||||||
3,825,000 | Burlington Northern Santa Fe LLC | 3.050 | 02/15/51 | 3,699,623 | |||||||||||
6,375,000 | Canadian Pacific Railway Co | 2.050 | 03/05/30 | 6,158,758 | |||||||||||
1,000,000 | CSX Corp | 2.600 | 11/01/26 | 1,056,797 | |||||||||||
625,000 | CSX Corp | 3.250 | 06/01/27 | 679,626 | |||||||||||
700,000 | CSX Corp | 3.800 | 03/01/28 | 776,890 | |||||||||||
9,715,000 | CSX Corp | 4.250 | 03/15/29 | 11,033,547 | |||||||||||
3,475,000 | Delta Air Lines, Inc | 2.900 | 10/28/24 | 3,474,688 | |||||||||||
775,000 | g | Delta Air Lines, Inc | 7.000 | 05/01/25 | 892,767 | ||||||||||
1,275,000 | g | Delta Air Lines, Inc | 4.500 | 10/20/25 | 1,360,933 | ||||||||||
2,275,000 | Delta Air Lines, Inc | 3.750 | 10/28/29 | 2,218,200 | |||||||||||
1,000,000 | g | DP World Ltd | 5.625 | 09/25/48 | 1,172,020 | ||||||||||
200,000 | g | Hawaiian Brand Intellectual Property Ltd | 5.750 | 01/20/26 | 212,520 | ||||||||||
1,243,000 | g | Mexico City Airport Trust | 4.250 | 10/31/26 | 1,308,257 | ||||||||||
700,000 | g | Mileage Plus Holdings LLC | 6.500 | 06/20/27 | 767,375 | ||||||||||
2,650,000 | g | Pelabuhan Indonesia III Persero PT | 4.500 | 05/02/23 | 2,802,375 | ||||||||||
5,200,000 | Union Pacific Corp | 3.950 | 09/10/28 | 5,826,125 |
183 |
TIAA-CREF FUNDS - Core Bond Fund
MATURITY | |||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | |||||||||||
$ | 2,175,000 | Union Pacific Corp | 3.839 | % | 03/20/60 | $ | 2,311,583 | ||||||||
TOTAL TRANSPORTATION | 52,405,362 | ||||||||||||||
UTILITIES - 3.4% | |||||||||||||||
1,905,875 | g | Adani Transmission Ltd | 4.250 | 05/21/36 | 1,964,709 | ||||||||||
1,000,000 | AEP Transmission Co LLC | 3.100 | 12/01/26 | 1,080,747 | |||||||||||
1,000,000 | AEP Transmission Co LLC | 4.000 | 12/01/46 | 1,097,618 | |||||||||||
725,000 | Alabama Power Co | 4.150 | 08/15/44 | 804,011 | |||||||||||
3,000,000 | Alabama Power Co | 3.450 | 10/01/49 | 3,058,908 | |||||||||||
4,600,000 | Ameren Corp | 3.650 | 02/15/26 | 5,017,757 | |||||||||||
1,800,000 | Ameren Corp | 3.500 | 01/15/31 | 1,910,252 | |||||||||||
1,650,000 | American Water Capital Corp | 3.000 | 12/01/26 | 1,768,537 | |||||||||||
3,075,000 | American Water Capital Corp | 2.800 | 05/01/30 | 3,162,453 | |||||||||||
1,400,000 | American Water Capital Corp | 4.000 | 12/01/46 | 1,524,726 | |||||||||||
1,425,000 | American Water Capital Corp | 3.750 | 09/01/47 | 1,519,733 | |||||||||||
675,000 | American Water Capital Corp | 3.450 | 05/01/50 | 682,511 | |||||||||||
5,275,000 | Atmos Energy Corp | 1.500 | 01/15/31 | 4,818,469 | |||||||||||
375,000 | Atmos Energy Corp | 4.125 | 10/15/44 | 410,920 | |||||||||||
3,000,000 | Avangrid, Inc | 3.150 | 12/01/24 | 3,224,158 | |||||||||||
800,000 | g | Azure Power Solar Energy Pvt Ltd | 5.650 | 12/24/24 | 846,469 | ||||||||||
2,050,000 | Baltimore Gas & Electric Co | 3.750 | 08/15/47 | 2,192,745 | |||||||||||
2,750,000 | Baltimore Gas & Electric Co | 3.200 | 09/15/49 | 2,670,290 | |||||||||||
4,950,000 | Berkshire Hathaway Energy Co | 3.250 | 04/15/28 | 5,336,187 | |||||||||||
7,137,000 | Berkshire Hathaway Energy Co | 1.650 | 05/15/31 | 6,634,919 | |||||||||||
1,075,000 | Black Hills Corp | 4.250 | 11/30/23 | 1,166,020 | |||||||||||
850,000 | Black Hills Corp | 3.150 | 01/15/27 | 907,052 | |||||||||||
3,350,000 | g | Calpine Corp | 3.750 | 03/01/31 | 3,192,885 | ||||||||||
660,000 | CenterPoint Energy Resources Corp | 6.250 | 02/01/37 | 810,248 | |||||||||||
1,125,000 | CMS Energy Corp | 3.600 | 11/15/25 | 1,224,054 | |||||||||||
3,000,000 | e,g | Comision Federal de Electricidad | 3.348 | 02/09/31 | 2,883,030 | ||||||||||
395,000 | Commonwealth Edison Co | 5.900 | 03/15/36 | 525,780 | |||||||||||
6,750,000 | Commonwealth Edison Co | 3.000 | 03/01/50 | 6,407,675 | |||||||||||
2,100,000 | Dominion Energy Gas Holdings LLC | 2.500 | 11/15/24 | 2,207,871 | |||||||||||
6,300,000 | h | Dominion Energy, Inc | 3.300 | 04/15/41 | 6,201,624 | ||||||||||
1,550,000 | Dominion Resources, Inc | 2.000 | 08/15/21 | 1,557,144 | |||||||||||
7,575,000 | DTE Electric Co | 2.250 | 03/01/30 | 7,554,670 | |||||||||||
3,050,000 | Duke Energy Corp | 1.800 | 09/01/21 | 3,064,870 | |||||||||||
7,575,000 | Duke Energy Corp | 2.650 | 09/01/26 | 7,925,974 | |||||||||||
3,125,000 | Duke Energy Corp | 3.750 | 09/01/46 | 3,142,738 | |||||||||||
1,046,309 | Duke Energy Florida Project Finance LLC | 1.731 | 09/01/22 | 1,057,392 | |||||||||||
650,000 | Duke Energy Ohio, Inc | 3.800 | 09/01/23 | 694,343 | |||||||||||
2,300,000 | Duke Energy Progress LLC | 2.500 | 08/15/50 | 1,960,020 | |||||||||||
6,000,000 | Edison International | 5.375 | N/A‡ | 6,082,800 | |||||||||||
2,390,000 | g | Empresas Publicas de Medellin ESP | 4.250 | 07/18/29 | 2,419,875 | ||||||||||
2,000,000 | Enel Chile S.A. | 4.875 | 06/12/28 | 2,316,000 | |||||||||||
6,000,000 | g | EnfraGen Energia Sur S.A. | 5.375 | 12/30/30 | 5,902,560 | ||||||||||
3,000,000 | g | ENN Energy Holdings Ltd | 2.625 | 09/17/30 | 2,881,665 | ||||||||||
4,994,000 | Entergy Corp | 4.000 | 07/15/22 | 5,186,697 | |||||||||||
3,700,000 | Entergy Corp | 0.900 | 09/15/25 | 3,613,097 | |||||||||||
900,000 | g | Eskom Holdings SOC Ltd | 8.450 | 08/10/28 | 977,403 | ||||||||||
1,000,000 | Eversource Energy | 0.800 | 08/15/25 | 974,763 | |||||||||||
3,000,000 | Eversource Energy | 3.450 | 01/15/50 | 2,980,215 | |||||||||||
1,225,000 | Exelon Corp | 4.050 | 04/15/30 | 1,364,992 | |||||||||||
2,975,000 | Exelon Generation Co LLC | 3.400 | 03/15/22 | 3,049,737 |
184 |
TIAA-CREF FUNDS - Core Bond Fund
MATURITY | |||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | |||||||||||
$ | 2,700,000 | Florida Power & Light Co | 3.990 | % | 03/01/49 | $ | 3,105,371 | ||||||||
UGX | 8,000,000,000 | †,g | ICBC Standard Bank plc | 14.250 | 06/26/34 | 1,953,812 | |||||||||
$ | 1,150,000 | Indiana Michigan Power Co | 3.750 | 07/01/47 | 1,201,925 | ||||||||||
2,000,000 | g | Inkia Energy Ltd | 5.875 | 11/09/27 | 2,100,000 | ||||||||||
8,000,000 | g | Israel Electric Corp Ltd | 4.250 | 08/14/28 | 8,867,123 | ||||||||||
2,000,000 | g | Kallpa Generacion SA | 4.125 | 08/16/27 | 2,130,000 | ||||||||||
2,200,000 | g | Korea Hydro & Nuclear Power Co Ltd | 3.750 | 07/25/23 | 2,357,909 | ||||||||||
2,400,000 | g | Korea Southern Power Co Ltd | 0.750 | 01/27/26 | 2,322,336 | ||||||||||
7,275,000 | MidAmerican Energy Co | 3.650 | 04/15/29 | 8,069,956 | |||||||||||
2,175,000 | MidAmerican Energy Co | 3.650 | 08/01/48 | 2,300,040 | |||||||||||
3,000,000 | g | NBK Tier Financing Ltd | 3.625 | N/A‡ | 2,953,941 | ||||||||||
1,650,000 | Nevada Power Co | 2.400 | 05/01/30 | 1,644,344 | |||||||||||
1,150,000 | g | Nexa Resources S.A. | 6.500 | 01/18/28 | 1,319,901 | ||||||||||
300,000 | NextEra Energy Capital Holdings, Inc | 3.250 | 04/01/26 | 324,305 | |||||||||||
5,750,000 | NextEra Energy Capital Holdings, Inc | 2.250 | 06/01/30 | 5,625,826 | |||||||||||
3,075,000 | NiSource, Inc | 3.490 | 05/15/27 | 3,336,673 | |||||||||||
5,350,000 | NiSource, Inc | 3.600 | 05/01/30 | 5,798,649 | |||||||||||
12,100,000 | NiSource, Inc | 1.700 | 02/15/31 | 11,207,255 | |||||||||||
4,150,000 | g | NRG Energy, Inc | 2.450 | 12/02/27 | 4,124,965 | ||||||||||
1,250,000 | NRG Energy, Inc | 5.750 | 01/15/28 | 1,328,125 | |||||||||||
2,000,000 | NSTAR Electric Co | 3.200 | 05/15/27 | 2,162,586 | |||||||||||
850,000 | NSTAR Electric Co | 3.950 | 04/01/30 | 955,153 | |||||||||||
2,175,000 | Ohio Power Co | 4.150 | 04/01/48 | 2,436,560 | |||||||||||
2,175,000 | Ohio Power Co | 4.000 | 06/01/49 | 2,428,707 | |||||||||||
150,000 | Oncor Electric Delivery Co LLC | 7.250 | 01/15/33 | 216,627 | |||||||||||
700,000 | ONE Gas, Inc | 3.610 | 02/01/24 | 746,240 | |||||||||||
350,000 | g | Pattern Energy Operations LP | 4.500 | 08/15/28 | 355,687 | ||||||||||
1,375,000 | PECO Energy Co | 3.000 | 09/15/49 | 1,316,241 | |||||||||||
1,000,000 | PECO Energy Co | 2.800 | 06/15/50 | 931,351 | |||||||||||
1,400,000 | g | Perusahaan Listrik Negara PT | 3.875 | 07/17/29 | 1,467,508 | ||||||||||
2,000,000 | g | Perusahaan Listrik Negara PT | 3.375 | 02/05/30 | 2,015,000 | ||||||||||
911,000 | g,o | Petra Diamonds US Treasury plc | 10.500 | 03/08/26 | 883,670 | ||||||||||
135,000 | Potomac Electric Power Co | 7.900 | 12/15/38 | 209,691 | |||||||||||
1,000,000 | PPL Electric Utilities Corp | 3.000 | 09/15/21 | 1,004,941 | |||||||||||
1,550,000 | g | Promigas S.A. ESP | 3.750 | 10/16/29 | 1,575,575 | ||||||||||
8,425,000 | Public Service Co of Colorado | 1.875 | 06/15/31 | 8,059,327 | |||||||||||
3,225,000 | Public Service Co of Colorado | 3.200 | 03/01/50 | 3,231,796 | |||||||||||
3,925,000 | Public Service Electric & Gas Co | 3.150 | 01/01/50 | 3,907,895 | |||||||||||
2,500,000 | g | Rumo Luxembourg Sarl | 5.250 | 01/10/28 | 2,628,050 | ||||||||||
5,000,000 | g | Saka Energi Indonesia PT | 4.450 | 05/05/24 | 4,412,500 | ||||||||||
1,750,000 | Southern Co | 4.400 | 07/01/46 | 1,948,770 | |||||||||||
15,000,000 | Southern Co | 4.000 | 01/15/51 | 15,828,750 | |||||||||||
2,075,000 | Southern Co Gas Capital Corp | 3.875 | 11/15/25 | 2,292,174 | |||||||||||
1,250,000 | Southern Co Gas Capital Corp | 4.400 | 06/01/43 | 1,353,813 | |||||||||||
1,175,000 | Southern Co Gas Capital Corp | 3.950 | 10/01/46 | 1,215,975 | |||||||||||
4,900,000 | Southwestern Public Service Co | 3.400 | 08/15/46 | 4,892,191 | |||||||||||
400,000 | TC PipeLines LP | 3.900 | 05/25/27 | 433,904 | |||||||||||
1,000,000 | g | Tengizchevroil Finance Co International Ltd | 2.625 | 08/15/25 | 1,007,336 | ||||||||||
1,700,000 | g | UEP Penonome II S.A. | 6.500 | 10/01/38 | 1,712,767 | ||||||||||
845,000 | e | Virginia Electric & Power Co | 2.950 | 01/15/22 | 856,333 | ||||||||||
1,025,000 | Virginia Electric & Power Co | 2.950 | 11/15/26 | 1,098,755 | |||||||||||
1,050,000 | Virginia Electric & Power Co | 3.500 | 03/15/27 | 1,151,069 | |||||||||||
6,000,000 | Virginia Electric & Power Co | 3.800 | 04/01/28 | 6,625,850 |
185 |
TIAA-CREF FUNDS - Core Bond Fund
MATURITY | |||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | |||||||||||
$ | 1,000,000 | Wisconsin Power & Light Co | 4.100 | % | 10/15/44 | $ | 1,092,826 | ||||||||
1,800,000 | Xcel Energy, Inc | 3.350 | 12/01/26 | 1,949,974 | |||||||||||
470,000 | Xcel Energy, Inc | 4.800 | 09/15/41 | 553,718 | |||||||||||
TOTAL UTILITIES | 296,991,079 | ||||||||||||||
TOTAL CORPORATE BONDS | 3,494,503,417 | ||||||||||||||
(Cost $3,418,441,648) | |||||||||||||||
GOVERNMENT BONDS - 40.1% | |||||||||||||||
AGENCY SECURITIES - 0.6% | |||||||||||||||
340,564 | AMAL Ltd | 3.465 | 08/21/21 | 343,237 | |||||||||||
2,500,000 | Amber Circle Funding Ltd | 3.250 | 12/04/22 | 2,591,872 | |||||||||||
3,359,000 | Canal Barge Co, Inc | 4.500 | 11/12/34 | 3,795,528 | |||||||||||
23,350,000 | Federal Farm Credit Banks Funding Corp | 0.045 | 03/16/22 | 23,349,224 | |||||||||||
5,750,000 | Overseas Private Investment Corp (OPIC) | 3.520 | 09/20/32 | 6,410,883 | |||||||||||
11,000,000 | g | Private Export Funding Corp (PEFCO) | 3.266 | 11/08/21 | 11,206,604 | ||||||||||
2,000,000 | g | Reliance Industries Ltd | 3.667 | 11/30/27 | 2,171,820 | ||||||||||
TOTAL AGENCY SECURITIES | 49,869,168 | ||||||||||||||
FOREIGN GOVERNMENT BONDS - 3.0% | |||||||||||||||
2,000,000 | g | Abu Dhabi Government International Bond | 3.125 | 05/03/26 | 2,168,022 | ||||||||||
1,500,000 | g | Abu Dhabi Government International Bond | 2.500 | 09/30/29 | 1,535,761 | ||||||||||
3,150,000 | g | Abu Dhabi Government International Bond | 3.125 | 09/30/49 | 2,999,871 | ||||||||||
3,325,000 | g | Arab Petroleum Investments Corp | 4.125 | 09/18/23 | 3,593,903 | ||||||||||
35,219 | Argentina Republic Government International Bond | 1.000 | 07/09/29 | 12,626 | |||||||||||
1,013,650 | Argentina Republic Government International Bond (Step Bond) | 0.125 | 07/09/30 | 339,117 | |||||||||||
INR | 140,000,000 | Asian Development Bank | 6.200 | 10/06/26 | 1,948,334 | ||||||||||
$ | 1,500,000 | g | Bahrain Government International Bond | 5.450 | 09/16/32 | 1,443,482 | |||||||||
3,000,000 | g | Banque Ouest Africaine de Developpement | 4.700 | 10/22/31 | 3,191,880 | ||||||||||
EUR | 2,100,000 | g | Banque Ouest Africaine de Developpement | 2.750 | 01/22/33 | 2,532,205 | |||||||||
$ | 133,900 | g | Barbados Government International Bond | 6.500 | 10/01/29 | 135,908 | |||||||||
3,450,000 | g | Bermuda Government International Bond | 3.717 | 01/25/27 | 3,743,250 | ||||||||||
1,575,000 | g | Bermuda Government International Bond | 4.750 | 02/15/29 | 1,821,330 | ||||||||||
550,000 | g | Bermuda Government International Bond | 2.375 | 08/20/30 | 537,625 | ||||||||||
3,000,000 | g | BNG Bank NV | 3.000 | 09/20/23 | 3,190,079 | ||||||||||
1,452,500 | g | Brazil Minas SPE via State of Minas Gerais | 5.333 | 02/15/28 | 1,575,963 | ||||||||||
BRL | 10,000,000 | Brazil Notas do Tesouro Nacional Serie F | 10.000 | 01/01/27 | 1,874,748 | ||||||||||
$ | 1,450,000 | Brazilian Government International Bond | 3.875 | 06/12/30 | 1,406,660 | ||||||||||
1,450,000 | Brazilian Government International Bond | 5.625 | 02/21/47 | 1,476,637 | |||||||||||
2,000,000 | Brazilian Government International Bond | 4.750 | 01/14/50 | 1,816,140 | |||||||||||
5,950,000 | Chile Government International Bond | 2.550 | 01/27/32 | 5,995,815 | |||||||||||
CNY | 16,600,000 | China Government Bond | 2.880 | 11/05/23 | 2,535,035 | ||||||||||
5,000,000 | China Government Bond | 3.270 | 11/19/30 | 767,672 | |||||||||||
3,300,000 | China Government Bond | 3.810 | 09/14/50 | 512,499 | |||||||||||
$ | 3,200,000 | Colombia Government International Bond | 3.000 | 01/30/30 | 3,133,984 | ||||||||||
2,700,000 | Colombia Government International Bond | 5.000 | 06/15/45 | 2,876,607 | |||||||||||
3,000,000 | Colombia Government International Bond | 3.875 | 02/15/61 | 2,688,750 | |||||||||||
COP | 3,520,000,000 | Colombian TES | 7.250 | 10/26/50 | 877,778 | ||||||||||
$ | 900,000 | g | Corp Financiera de Desarrollo S.A. | 2.400 | 09/28/27 | 886,959 | |||||||||
2,925,000 | g | Costa Rica Government International Bond | 5.625 | 04/30/43 | 2,544,750 | ||||||||||
1,750,000 | g | Development Bank of Japan, Inc | 0.500 | 03/04/24 | 1,745,686 |
186 |
TIAA-CREF FUNDS - Core Bond Fund
MATURITY | |||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | |||||||||||
DOP | 121,500,000 | g | Dominican Republic Government International Bond | 8.900 | % | 02/15/23 | $ | 2,203,497 | |||||||
90,000,000 | g | Dominican Republic Government International Bond | 9.750 | 06/05/26 | 1,706,147 | ||||||||||
120,000,000 | g | Dominican Republic Government International Bond | 12.000 | 03/05/32 | 2,637,681 | ||||||||||
$ | 3,000,000 | g | Dominican Republic Government International Bond | 4.875 | 09/23/32 | 3,060,000 | |||||||||
3,000,000 | g | Dominican Republic Government International Bond | 6.500 | 02/15/48 | 3,169,500 | ||||||||||
143,196 | g | Ecuador Government International Bond | 0.000 | 07/31/30 | 57,280 | ||||||||||
458,325 | g | Ecuador Government International Bond (Step Bond) | 0.500 | 07/31/30 | 266,979 | ||||||||||
1,201,102 | g | Ecuador Government International Bond (Step Bond) | 0.500 | 07/31/35 | 546,501 | ||||||||||
550,475 | g | Ecuador Government International Bond (Step Bond) | 0.500 | 07/31/40 | 238,080 | ||||||||||
EUR | 3,000,000 | g | Egypt Government International Bond | 5.625 | 04/16/30 | 3,492,418 | |||||||||
$ | 1,625,000 | g | Egypt Government International Bond | 5.875 | 02/16/31 | 1,518,518 | |||||||||
1,050,000 | g | Egypt Government International Bond | 8.500 | 01/31/47 | 1,040,411 | ||||||||||
1,875,000 | g | Egypt Government International Bond | 8.875 | 05/29/50 | 1,906,545 | ||||||||||
1,200,000 | g | El Salvador Government International Bond | 7.625 | 02/01/41 | 1,155,000 | ||||||||||
1,070,000 | g | El Salvador Government International Bond | 7.125 | 01/20/50 | 954,975 | ||||||||||
395,000 | European Investment Bank | 4.875 | 02/15/36 | 527,111 | |||||||||||
4,400,000 | g | Export-Import Bank of India | 3.875 | 02/01/28 | 4,688,428 | ||||||||||
1,200,000 | e,g | Export-Import Bank of India | 2.250 | 01/13/31 | 1,092,019 | ||||||||||
2,000,000 | e | Export-Import Bank of Korea | 0.750 | 09/21/25 | 1,956,069 | ||||||||||
3,000,000 | Export-Import Bank of Korea | 1.250 | 09/21/30 | 2,773,162 | |||||||||||
950,000 | g | Ghana Government International Bond | 8.125 | 03/26/32 | 915,209 | ||||||||||
1,500,000 | g | Ghana Government International Bond | 8.627 | 06/16/49 | 1,387,140 | ||||||||||
850,000 | g | Guatemala Government International Bond | 4.500 | 05/03/26 | 915,110 | ||||||||||
1,550,000 | g | Guatemala Government International Bond | 4.375 | 06/05/27 | 1,658,500 | ||||||||||
EUR | 1,750,000 | g | Hellenic Republic Government International Bond | 1.875 | 07/23/26 | 2,231,659 | |||||||||
$ | 3,200,000 | g | Honduras Government International Bond | 6.250 | 01/19/27 | 3,496,000 | |||||||||
250,000 | g | Honduras Government International Bond | 5.625 | 06/24/30 | 261,250 | ||||||||||
IDR | 28,000,000,000 | Indonesia Treasury Bond | 7.000 | 09/15/30 | 1,949,667 | ||||||||||
25,500,000,000 | Indonesia Treasury Bond | 7.500 | 08/15/32 | 1,796,222 | |||||||||||
$ | 1,793,750 | g | Iraq Government International Bond | 5.800 | 01/15/28 | 1,694,269 | |||||||||
3,100,000 | Israel Government International Bond | 3.250 | 01/17/28 | 3,415,234 | |||||||||||
2,175,000 | Israel Government International Bond | 4.125 | 01/17/48 | 2,501,250 | |||||||||||
EUR | 125,000 | g | Ivory Coast Government International Bond | 4.875 | 01/30/32 | 142,729 | |||||||||
$ | 1,237,154 | g | Ivory Coast Government International Bond (Step Bond) | 5.750 | 12/31/32 | 1,235,241 | |||||||||
3,050,000 | Jamaica Government International Bond | 7.875 | 07/28/45 | 4,132,750 | |||||||||||
1,500,000 | g | Japan Finance Organization for Municipalities | 3.000 | 03/12/24 | 1,602,164 | ||||||||||
1,750,000 | g | Jordan Government International Bond | 4.950 | 07/07/25 | 1,795,664 | ||||||||||
1,500,000 | g | Jordan Government International Bond | 5.750 | 01/31/27 | 1,567,681 | ||||||||||
1,375,000 | g | Kenya Government International Bond | 7.000 | 05/22/27 | 1,457,157 | ||||||||||
1,000,000 | g | Kenya Government International Bond | 8.000 | 05/22/32 | 1,058,935 | ||||||||||
2,080,000 | g | Kommunalbanken AS. | 2.750 | 02/05/24 | 2,214,517 | ||||||||||
2,000,000 | g | Kommunalbanken AS. | 1.125 | 06/14/30 | 1,868,844 | ||||||||||
3,175,000 | g | Korea Electric Power Corp | 1.125 | 06/15/25 | 3,152,414 |
187 |
TIAA-CREF FUNDS - Core Bond Fund
MATURITY | |||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | |||||||||||
$ | 1,500,000 | g | Korea Housing Finance Corp | 3.000 | % | 10/31/22 | $ | 1,556,090 | |||||||
MYR | 7,600,000 | Malaysia Government Bond | 3.828 | 07/05/34 | 1,819,216 | ||||||||||
MXN | 51,000,000 | Mexican Bonos | 7.750 | 05/29/31 | 2,658,527 | ||||||||||
$ | 2,200,000 | Mexico Government International Bond | 4.150 | 03/28/27 | 2,439,382 | ||||||||||
3,450,000 | Mexico Government International Bond | 3.250 | 04/16/30 | 3,478,946 | |||||||||||
3,424,000 | Mexico Government International Bond | 6.050 | 01/11/40 | 4,109,793 | |||||||||||
977,000 | g | Mongolia Government International Bond | 5.125 | 12/05/22 | 1,006,235 | ||||||||||
500,000 | g | Mongolia Government International Bond | 5.125 | 04/07/26 | 533,099 | ||||||||||
1,025,000 | e,g | Morocco Government International Bond | 3.000 | 12/15/32 | 958,412 | ||||||||||
2,825,000 | g | Morocco Government International Bond | 5.500 | 12/11/42 | 3,107,500 | ||||||||||
525,000 | g | Morocco Government International Bond | 4.000 | 12/15/50 | 462,527 | ||||||||||
2,500,000 | g | Namibia Government International Bond | 5.250 | 10/29/25 | 2,616,070 | ||||||||||
2,000,000 | g | Nederlandse Waterschapsbank NV | 3.125 | 12/05/22 | 2,095,680 | ||||||||||
1,425,000 | g | Nigeria Government International Bond | 6.500 | 11/28/27 | 1,466,989 | ||||||||||
750,000 | g | Oman Government International Bond | 6.750 | 10/28/27 | 826,399 | ||||||||||
1,500,000 | g | Oman Government International Bond | 6.000 | 08/01/29 | 1,556,099 | ||||||||||
1,500,000 | g | Oman Government International Bond | 6.250 | 01/25/31 | 1,564,972 | ||||||||||
3,000,000 | Panama Government International Bond | 4.300 | 04/29/53 | 3,217,020 | |||||||||||
3,225,000 | Panama Notas del Tesoro | 3.750 | 04/17/26 | 3,458,490 | |||||||||||
475,000 | g | Paraguay Government International Bond | 4.700 | 03/27/27 | 529,630 | ||||||||||
725,000 | g | Paraguay Government International Bond | 5.400 | 03/30/50 | 816,720 | ||||||||||
3,400,000 | g | Perusahaan Penerbit SBSN Indonesia III | 3.900 | 08/20/24 | 3,684,070 | ||||||||||
4,650,000 | g | Perusahaan Penerbit SBSN Indonesia III | 4.400 | 03/01/28 | 5,214,092 | ||||||||||
1,825,000 | Peruvian Government International Bond | 4.125 | 08/25/27 | 2,038,160 | |||||||||||
PEN | 6,775,000 | g | Peruvian Government International Bond | 5.400 | 08/12/34 | 1,762,684 | |||||||||
$ | 332,817 | g | Petroamazonas EP | 4.625 | 12/06/21 | 302,863 | |||||||||
2,600,000 | Philippine Government International Bond | 3.750 | 01/14/29 | 2,872,684 | |||||||||||
620,000 | Province of Quebec Canada | 7.500 | 09/15/29 | 879,845 | |||||||||||
1,500,000 | g | Provincia de Mendoza Argentina (Step Bond) | 2.750 | 03/19/29 | 862,500 | ||||||||||
450,000 | g | Qatar Government International Bond | 3.400 | 04/16/25 | 488,762 | ||||||||||
1,375,000 | g | Qatar Government International Bond | 3.750 | 04/16/30 | 1,534,079 | ||||||||||
2,000,000 | g | Qatar Government International Bond | 4.400 | 04/16/50 | 2,307,226 | ||||||||||
GHS | 14,700,000 | Republic of Ghana Government Bonds | 16.500 | 02/06/23 | 2,529,864 | ||||||||||
$ | 5,000,000 | Republic of Italy Government International Bond | 4.000 | 10/17/49 | 5,116,485 | ||||||||||
2,200,000 | g | Republic of Paraguay | 6.100 | 08/11/44 | 2,640,000 | ||||||||||
UZS | 7,990,000,000 | g | Republic of Uzbekistan Bond | 14.500 | 11/25/23 | 761,613 | |||||||||
$ | 675,000 | g | Republic of Uzbekistan Bond | 3.700 | 11/25/30 | 653,950 | |||||||||
2,150,000 | g | Republic of Uzbekistan Government International Bond | 4.750 | 02/20/24 | 2,262,799 | ||||||||||
2,000,000 | g | Romanian Government International Bond | 3.000 | 02/14/31 | 1,993,901 | ||||||||||
1,425,000 | g | Romanian Government International Bond | 4.000 | 02/14/51 | 1,369,012 | ||||||||||
RUB | 147,000,000 | Russian Federal Bond-OFZ | 6.000 | 10/06/27 | 1,867,974 | ||||||||||
$ | 1,600,000 | g | Russian Foreign Bond - Eurobond | 5.100 | 03/28/35 | 1,840,320 | |||||||||
2,900,000 | g | Saudi Government International Bond | 4.500 | 04/17/30 | 3,336,494 | ||||||||||
2,000,000 | g | Saudi Government International Bond | 3.750 | 01/21/55 | 1,958,200 | ||||||||||
1,225,000 | g | Serbia International Bond | 2.125 | 12/01/30 | 1,126,746 | ||||||||||
RSD | 290,000,000 | Serbia Treasury Bonds | 5.875 | 02/08/28 | 3,507,984 | ||||||||||
$ | 2,000,000 | South Africa Government International Bond | 5.875 | 09/16/25 | 2,205,600 | ||||||||||
ZAR | 22,300,000 | South Africa Government International Bond | 7.000 | 02/28/31 | 1,233,148 | ||||||||||
23,400,000 | South Africa Government International Bond | 8.750 | 01/31/44 | 1,241,413 | |||||||||||
$ | 2,200,000 | South Africa Government International Bond | 5.375 | 07/24/44 | 1,998,568 | ||||||||||
2,900,000 | g | Southern Gas Corridor CJSC | 6.875 | 03/24/26 | 3,428,960 | ||||||||||
2,050,000 | State of Israel | 3.375 | 01/15/50 | 2,071,484 |
188 |
TIAA-CREF FUNDS - Core Bond Fund
REFERENCE | MATURITY | ||||||||||||||||
PRINCIPAL | ISSUER | RATE & SPREAD | RATE | DATE | VALUE | ||||||||||||
THB | 49,000,000 | Thailand Government International Bond | 3.300 | % | 06/17/38 | $ | 1,714,660 | ||||||||||
$ | 1,000,000 | Turkey Government International Bond | 5.950 | 01/15/31 | 903,770 | ||||||||||||
EUR | 2,275,000 | g | Ukraine Government International Bond | 4.375 | 01/27/30 | 2,441,526 | |||||||||||
UYU | 98,000,000 | g | Uruguay Government International Bond | 9.875 | 06/20/22 | 2,306,075 | |||||||||||
$ | 1,776,946 | Uruguay Government International Bond | 4.375 | 01/23/31 | 2,060,973 | ||||||||||||
575,000 | Uruguay Government International Bond | 4.125 | 11/20/45 | 639,734 | |||||||||||||
925,000 | Uruguay Government International Bond | 5.100 | 06/18/50 | 1,145,946 | |||||||||||||
2,400,000 | †,g | Zambia Government International Bond | 8.500 | 04/14/24 | 1,368,413 | ||||||||||||
TOTAL FOREIGN GOVERNMENT BONDS | 257,299,376 | ||||||||||||||||
MORTGAGE BACKED - 22.9% | |||||||||||||||||
131 | Federal Home Loan Mortgage Corp (FHLMC) | 7.500 | 11/15/21 | 132 | |||||||||||||
203 | FHLMC | 6.000 | 05/15/22 | 206 | |||||||||||||
9,825,000 | FHLMC | 3.000 | 10/15/33 | 10,654,775 | |||||||||||||
3,208,729 | FHLMC | 3.500 | 08/15/43 | 3,311,438 | |||||||||||||
12,927,124 | FHLMC | 3.500 | 03/15/44 | 13,566,678 | |||||||||||||
3,860,596 | i | FHLMC | LIBOR 1 M + 5.920% | 5.814 | 03/15/44 | 713,784 | |||||||||||
11,728,849 | FHLMC | 4.000 | 10/01/47 | 12,883,887 | |||||||||||||
5,560,123 | i | FHLMC | LIBOR 1 M + 9.920% | 9.750 | 06/15/48 | 6,302,852 | |||||||||||
1,539,033 | FHLMC | 3.000 | 09/01/48 | 1,617,135 | |||||||||||||
6,164,797 | i | FHLMC | LIBOR 1 M + 9.840% | 9.670 | 10/15/48 | 7,353,617 | |||||||||||
34,051,167 | FHLMC | 4.000 | 09/01/49 | 37,234,180 | |||||||||||||
14,351,002 | FHLMC | 2.000 | 09/25/50 | 1,739,564 | |||||||||||||
19,989,785 | FHLMC | 2.500 | 11/25/50 | 3,362,865 | |||||||||||||
26,010,552 | FHLMC | 2.500 | 02/25/51 | 4,252,450 | |||||||||||||
625 | Federal Home Loan Mortgage Corp Gold (FGLMC) | 8.000 | 01/01/31 | 641 | |||||||||||||
7,673 | FGLMC | 8.000 | 09/01/31 | 8,679 | |||||||||||||
70,943 | FGLMC | 7.000 | 12/01/31 | 81,177 | |||||||||||||
54,580 | FGLMC | 4.500 | 07/01/33 | 60,747 | |||||||||||||
387,585 | FGLMC | 7.000 | 12/01/33 | 447,769 | |||||||||||||
123,307 | FGLMC | 4.500 | 04/01/35 | 137,182 | |||||||||||||
108,108 | FGLMC | 7.000 | 05/01/35 | 123,007 | |||||||||||||
2,216,410 | FGLMC | 5.000 | 06/01/36 | 2,578,127 | |||||||||||||
87,879 | FGLMC | 5.000 | 07/01/39 | 102,300 | |||||||||||||
1,949,676 | FGLMC | 5.000 | 08/01/44 | 2,267,010 | |||||||||||||
166,101 | FGLMC | 4.500 | 11/01/44 | 185,352 | |||||||||||||
115,472 | FGLMC | 4.500 | 11/01/44 | 129,673 | |||||||||||||
85,455 | FGLMC | 4.500 | 12/01/44 | 94,573 | |||||||||||||
129,177 | FGLMC | 4.500 | 12/01/44 | 145,224 | |||||||||||||
774,365 | FGLMC | 3.500 | 04/01/45 | 840,863 | |||||||||||||
17,206,428 | FGLMC | 3.500 | 08/01/45 | 18,729,413 | |||||||||||||
19,589,923 | FGLMC | 3.500 | 10/01/45 | 21,255,914 | |||||||||||||
4,055,591 | FGLMC | 4.000 | 12/01/45 | 4,497,660 | |||||||||||||
23,380,989 | FGLMC | 3.500 | 08/01/46 | 25,290,830 | |||||||||||||
17,872,845 | FGLMC | 3.000 | 02/01/47 | 18,904,958 | |||||||||||||
6,511,494 | FGLMC | 4.500 | 06/01/47 | 7,311,324 | |||||||||||||
5,316,259 | FGLMC | 4.000 | 09/01/47 | 5,861,449 | |||||||||||||
6,062,121 | FGLMC | 3.500 | 12/01/47 | 6,547,942 | |||||||||||||
18,012,495 | FGLMC | 3.500 | 03/01/48 | 19,435,332 | |||||||||||||
13,907,366 | FGLMC | 4.000 | 03/01/48 | 15,273,034 | |||||||||||||
3,102,848 | FGLMC | 4.000 | 07/01/48 | 3,391,486 | |||||||||||||
16,062,673 | FGLMC | 4.500 | 08/01/48 | 17,890,529 |
189 |
TIAA-CREF FUNDS - Core Bond Fund
REFERENCE | MATURITY | ||||||||||||||||
PRINCIPAL | ISSUER | RATE & SPREAD | RATE | DATE | VALUE | ||||||||||||
$ | 132 | Federal National Mortgage Association (FNMA) | 8.000 | % | 07/01/24 | $ | 143 | ||||||||||
148 | FNMA | 7.500 | 01/01/29 | 163 | |||||||||||||
939 | FNMA | 7.500 | 03/01/31 | 1,115 | |||||||||||||
1,426,148 | FNMA | 3.500 | 05/01/32 | 1,541,154 | |||||||||||||
64,000,000 | h | FNMA | 2.500 | 05/25/32 | 66,557,500 | ||||||||||||
4,241,950 | FNMA | 3.000 | 10/01/32 | 4,480,845 | |||||||||||||
843,944 | FNMA | 3.500 | 11/01/32 | 910,359 | |||||||||||||
832,974 | FNMA | 5.000 | 05/01/35 | 966,855 | |||||||||||||
642,907 | FNMA | 5.000 | 10/01/35 | 747,402 | |||||||||||||
333,405 | FNMA | 5.000 | 02/01/36 | 387,845 | |||||||||||||
107,000,000 | h | FNMA | 2.000 | 04/25/36 | 109,811,159 | ||||||||||||
379,029 | FNMA | 5.500 | 11/01/38 | 445,457 | |||||||||||||
299,880 | FNMA | 5.500 | 03/01/39 | 350,886 | |||||||||||||
6,674,832 | FNMA | 3.000 | 10/01/39 | 6,950,637 | |||||||||||||
2,779,031 | FNMA | 3.000 | 05/01/40 | 2,911,224 | |||||||||||||
648,244 | FNMA | 5.000 | 09/01/40 | 748,875 | |||||||||||||
307,603 | FNMA | 4.000 | 02/01/41 | 337,301 | |||||||||||||
597,373 | FNMA | 5.000 | 05/01/41 | 694,964 | |||||||||||||
9,656,863 | FNMA | 4.000 | 09/01/42 | 10,585,965 | |||||||||||||
951,422 | FNMA | 3.500 | 04/01/43 | 1,034,183 | |||||||||||||
3,890,335 | FNMA | 3.000 | 04/25/43 | 4,035,860 | |||||||||||||
849,668 | FNMA | 3.500 | 09/01/43 | 924,958 | |||||||||||||
4,372,184 | i | FNMA | LIBOR 1 M + 5.950% | 5.841 | 09/25/43 | 1,026,725 | |||||||||||
2,801,926 | FNMA | 4.000 | 01/01/44 | 3,101,463 | |||||||||||||
2,307,726 | FNMA | 4.500 | 03/01/44 | 2,636,724 | |||||||||||||
730,739 | FNMA | 4.500 | 06/01/44 | 811,397 | |||||||||||||
3,596,363 | FNMA | 4.500 | 06/01/44 | 4,036,932 | |||||||||||||
721,095 | FNMA | 3.500 | 07/01/44 | 778,807 | |||||||||||||
2,185,773 | FNMA | 4.500 | 08/01/44 | 2,453,191 | |||||||||||||
2,968,397 | FNMA | 4.500 | 10/01/44 | 3,333,090 | |||||||||||||
2,268,053 | FNMA | 4.500 | 11/01/44 | 2,546,743 | |||||||||||||
2,006,148 | FNMA | 5.000 | 11/01/44 | 2,314,668 | |||||||||||||
557,049 | FNMA | 4.500 | 12/01/44 | 625,201 | |||||||||||||
2,142,362 | FNMA | 4.000 | 01/01/45 | 2,361,120 | |||||||||||||
6,276,723 | FNMA | 3.000 | 02/25/45 | 6,546,046 | |||||||||||||
1,375,073 | FNMA | 3.000 | 02/25/45 | 1,417,301 | |||||||||||||
182,078 | FNMA | 3.500 | 03/01/45 | 196,042 | |||||||||||||
156,429 | FNMA | 3.500 | 03/01/45 | 169,609 | |||||||||||||
1,723,443 | FNMA | 3.000 | 03/25/45 | 1,784,936 | |||||||||||||
3,852,714 | FNMA | 3.500 | 04/25/45 | 3,996,958 | |||||||||||||
2,064,490 | FNMA | 3.500 | 05/01/45 | 2,246,210 | |||||||||||||
3,463,130 | FNMA | 4.000 | 06/01/45 | 3,826,972 | |||||||||||||
4,571,658 | FNMA | 4.000 | 12/01/45 | 5,055,095 | |||||||||||||
8,522,903 | FNMA | 3.000 | 12/25/45 | 8,840,847 | |||||||||||||
4,282,194 | FNMA | 3.500 | 01/01/46 | 4,627,808 | |||||||||||||
3,907,774 | FNMA | 4.000 | 01/01/46 | 4,309,582 | |||||||||||||
3,383,973 | FNMA | 4.000 | 03/01/46 | 3,723,142 | |||||||||||||
3,525,935 | FNMA | 3.500 | 06/01/46 | 3,815,011 | |||||||||||||
6,610,044 | FNMA | 3.500 | 07/01/46 | 7,150,281 | |||||||||||||
14,587,927 | FNMA | 3.500 | 07/01/46 | 15,844,068 | |||||||||||||
3,385,580 | FNMA | 3.000 | 10/01/46 | 3,471,807 | |||||||||||||
2,027,883 | FNMA | 3.500 | 10/01/46 | 2,193,114 | |||||||||||||
14,540,034 | FNMA | 3.000 | 11/01/46 | 15,361,322 |
190 |
TIAA-CREF FUNDS - Core Bond Fund
MATURITY | |||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | |||||||||||
$ | 2,421,279 | FNMA | 3.000 | % | 04/25/47 | $ | 2,574,155 | ||||||||
3,639,745 | FNMA | 4.500 | 05/01/47 | 4,074,970 | |||||||||||
1,803,086 | FNMA | 3.500 | 09/01/47 | 1,929,899 | |||||||||||
5,782,651 | h | FNMA | 3.500 | 09/01/47 | 6,138,033 | ||||||||||
11,528,144 | FNMA | 4.000 | 09/01/47 | 12,456,789 | |||||||||||
20,870,715 | FNMA | 4.000 | 09/01/47 | 22,514,916 | |||||||||||
1,585,162 | FNMA | 3.000 | 11/01/47 | 1,624,098 | |||||||||||
2,098,060 | FNMA | 3.000 | 11/01/47 | 2,151,649 | |||||||||||
7,203,412 | FNMA | 3.500 | 11/01/47 | 7,805,608 | |||||||||||
20,141,514 | FNMA | 4.000 | 12/01/47 | 22,125,151 | |||||||||||
601,565 | FNMA | 4.000 | 12/01/47 | 649,128 | |||||||||||
10,264,885 | FNMA | 3.500 | 01/01/48 | 11,071,080 | |||||||||||
3,338,998 | FNMA | 3.500 | 01/01/48 | 3,602,559 | |||||||||||
4,239,139 | FNMA | 4.500 | 01/01/48 | 4,714,763 | |||||||||||
1,727,464 | FNMA | 4.500 | 02/01/48 | 1,923,301 | |||||||||||
21,046,138 | FNMA | 3.000 | 02/25/48 | 22,239,760 | |||||||||||
22,591,792 | FNMA | 3.500 | 03/01/48 | 23,959,666 | |||||||||||
3,514,102 | FNMA | 4.000 | 03/01/48 | 3,857,813 | |||||||||||
7,384,901 | FNMA | 4.500 | 03/01/48 | 8,222,091 | |||||||||||
14,932,968 | FNMA | 3.500 | 04/01/48 | 15,831,352 | |||||||||||
3,029,282 | FNMA | 4.500 | 05/01/48 | 3,372,720 | |||||||||||
2,261,211 | FNMA | 4.500 | 05/01/48 | 2,517,575 | |||||||||||
5,937,854 | h | FNMA | 4.000 | 06/01/48 | 6,382,769 | ||||||||||
3,437,013 | FNMA | 5.000 | 08/01/48 | 3,893,265 | |||||||||||
4,190,660 | FNMA | 3.000 | 11/01/48 | 4,371,861 | |||||||||||
75,179 | FNMA | 3.000 | 05/01/49 | 77,070 | |||||||||||
1,050,359 | FNMA | 3.000 | 06/01/49 | 1,076,684 | |||||||||||
3,538,832 | FNMA | 3.000 | 08/01/49 | 3,754,354 | |||||||||||
10,563,313 | FNMA | 3.000 | 01/25/50 | 11,018,213 | |||||||||||
24,889,062 | FNMA | 3.000 | 07/01/50 | 26,480,216 | |||||||||||
9,042,487 | FNMA | 2.000 | 08/25/50 | 1,119,512 | |||||||||||
8,817,449 | FNMA | 3.000 | 02/25/51 | 1,408,888 | |||||||||||
63,265,000 | h | FNMA | 2.000 | 04/25/51 | 63,146,379 | ||||||||||
94,990,000 | h | FNMA | 2.500 | 04/25/51 | 97,476,067 | ||||||||||
184,850,000 | h | FNMA | 3.000 | 04/25/51 | 192,540,048 | ||||||||||
211,365,000 | h | FNMA | 2.500 | 05/25/51 | 216,442,714 | ||||||||||
161,750,000 | h | FNMA | 2.000 | 05/25/51 | 161,149,757 | ||||||||||
36,032 | Government National Mortgage Association (GNMA) | 6.500 | 11/20/38 | 43,331 | |||||||||||
11,397 | GNMA | 4.500 | 02/20/39 | 13,513 | |||||||||||
325,370 | GNMA | 5.000 | 06/15/39 | 378,613 | |||||||||||
15,428 | GNMA | 4.500 | 08/20/41 | 17,923 | |||||||||||
35,929 | GNMA | 4.500 | 09/20/41 | 41,143 | |||||||||||
10,797 | GNMA | 4.500 | 01/20/44 | 12,805 | |||||||||||
6,783 | GNMA | 4.500 | 02/20/44 | 7,758 | |||||||||||
21,459 | GNMA | 4.500 | 05/20/44 | 25,453 | |||||||||||
97,982 | GNMA | 4.500 | 05/20/44 | 112,216 | |||||||||||
155,172 | GNMA | 4.500 | 08/20/44 | 183,700 | |||||||||||
89,861 | GNMA | 4.500 | 09/20/44 | 103,407 | |||||||||||
53,054 | GNMA | 4.500 | 10/20/44 | 60,501 | |||||||||||
27,064 | GNMA | 4.500 | 11/20/44 | 29,570 | |||||||||||
77,718 | GNMA | 4.500 | 12/20/44 | 90,214 |
191 |
TIAA-CREF FUNDS - Core Bond Fund
MATURITY | |||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | |||||||||||
$ | 122,775 | GNMA | 4.500 | % | 02/20/45 | $ | 143,859 | ||||||||
176,866 | GNMA | 4.500 | 08/20/45 | 209,828 | |||||||||||
141,832 | GNMA | 4.500 | 08/20/45 | 165,774 | |||||||||||
104,516 | GNMA | 4.500 | 12/20/45 | 119,740 | |||||||||||
3,552,248 | GNMA | 4.000 | 06/20/46 | 466,999 | |||||||||||
7,742,306 | GNMA | 3.500 | 01/20/49 | 8,432,540 | |||||||||||
63,402,449 | GNMA | 3.000 | 08/20/50 | 66,088,288 | |||||||||||
46,060,000 | h | GNMA | 2.000 | 04/20/51 | 46,506,207 | ||||||||||
182,550,000 | h | GNMA | 2.500 | 04/20/51 | 188,354,520 | ||||||||||
47,520,000 | h | GNMA | 3.000 | 04/20/47 | 49,504,331 | ||||||||||
48,600,000 | h | GNMA | 2.000 | 05/20/51 | 48,991,078 | ||||||||||
TOTAL MORTGAGE BACKED | 1,995,411,004 | ||||||||||||||
MUNICIPAL BONDS - 2.0% | |||||||||||||||
6,695,000 | Alabama Economic Settlement Authority | 3.163 | 09/15/25 | 7,022,551 | |||||||||||
990,000 | Chicago Housing Authority | 3.682 | 01/01/25 | 1,075,575 | |||||||||||
380,000 | City & County of San Francisco CA Community Facilities District | 3.028 | 09/01/23 | 397,558 | |||||||||||
550,000 | City & County of San Francisco CA Community Facilities District | 4.038 | 09/01/34 | 605,307 | |||||||||||
4,945,000 | City of New York NY | 3.200 | 12/01/26 | 5,446,563 | |||||||||||
2,215,000 | Commonwealth Financing Authority | 3.864 | 06/01/38 | 2,473,618 | |||||||||||
815,000 | County of Miami-Dade FL Aviation Revenue | 1.885 | 10/01/21 | 821,774 | |||||||||||
1,060,000 | County of Miami-Dade FL Aviation Revenue | 1.885 | 10/01/21 | 1,068,080 | |||||||||||
1,500,000 | County of Miami-Dade FL Aviation Revenue | 2.218 | 10/01/22 | 1,540,626 | |||||||||||
2,500,000 | County of Miami-Dade FL Aviation Revenue | 3.285 | 10/01/23 | 2,667,995 | |||||||||||
3,500,000 | County of Miami-Dade FL Aviation Revenue | 2.504 | 10/01/24 | 3,680,887 | |||||||||||
2,250,000 | County of Miami-Dade FL Aviation Revenue | 3.405 | 10/01/24 | 2,435,632 | |||||||||||
3,500,000 | County of Miami-Dade FL Aviation Revenue | 2.604 | 10/01/25 | 3,684,239 | |||||||||||
2,380,000 | County of Miami-Dade FL Aviation Revenue | 3.505 | 10/01/25 | 2,598,286 | |||||||||||
2,500,000 | County of Miami-Dade FL Aviation Revenue | 2.704 | 10/01/26 | 2,631,244 | |||||||||||
2,000,000 | County of Miami-Dade FL Aviation Revenue | 3.049 | 10/01/26 | 2,141,011 | |||||||||||
3,750,000 | County of Miami-Dade FL Aviation Revenue | 3.612 | 10/01/26 | 4,124,596 | |||||||||||
470,000 | County of Miami-Dade FL Aviation Revenue | 4.280 | 10/01/41 | 505,885 | |||||||||||
4,265,000 | Denver City & County School District No. 1 | 3.598 | 12/15/27 | 4,757,834 | |||||||||||
1,000,000 | Los Angeles County Redevelopment Agency | 2.000 | 09/01/22 | 1,023,616 | |||||||||||
4,805,000 | Los Angeles County Redevelopment Refunding Authority Redev Agency Successor Agy | 3.375 | 09/01/35 | 5,049,584 | |||||||||||
6,650,000 | Michigan Finance Authority | 2.988 | 09/01/49 | 7,091,777 | |||||||||||
3,400,000 | New Jersey Economic Development Authority | 7.425 | 02/15/29 | 4,349,152 | |||||||||||
4,075,000 | New York State Dormitory Authority | 4.294 | 07/01/44 | 4,471,696 | |||||||||||
810,000 | Oklahoma City Economic Development Trust | 3.440 | 09/01/24 | 885,693 | |||||||||||
2,000,000 | Port of Seattle WA | 3.471 | 05/01/31 | 2,137,696 | |||||||||||
1,625,000 | Port of Seattle WA | 3.571 | 05/01/32 | 1,742,503 | |||||||||||
1,000,000 | Regents of the University of California Medical Center Pooled Revenue | 2.037 | 05/15/23 | 1,032,944 | |||||||||||
1,000,000 | Regents of the University of California Medical Center Pooled Revenue | 2.259 | 05/15/24 | 1,048,137 | |||||||||||
1,250,000 | Regents of the University of California Medical Center Pooled Revenue | 2.359 | 05/15/25 | 1,315,894 | |||||||||||
1,785,000 | Regents of the University of California Medical Center Pooled Revenue | 2.459 | 05/15/26 | 1,878,446 | |||||||||||
1,600,000 | Regents of the University of California Medical Center Pooled Revenue | 2.559 | 05/15/27 | 1,680,995 |
192 |
TIAA-CREF FUNDS - Core Bond Fund
MATURITY | |||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | |||||||||||
$ | 905,000 | Regents of the University of California Medical Center Pooled Revenue | 2.759 | % | 05/15/29 | $ | 949,894 | ||||||||
3,980,000 | Rhode Island Convention Center Authority | 3.195 | 05/15/26 | 4,068,783 | |||||||||||
5,000,000 | San Francisco City & County Redevelopment Agency | 2.813 | 08/01/21 | 5,036,484 | |||||||||||
875,000 | San Francisco City & County Redevelopment Agency | 3.113 | 08/01/22 | 903,229 | |||||||||||
6,365,000 | San Jose Redevelopment Agency | 3.375 | 08/01/34 | 6,797,317 | |||||||||||
660,000 | Santa Ana Community Redevelopment Agency Successor Agency | 3.567 | 09/01/23 | 708,557 | |||||||||||
13,060,000 | State of California | 4.600 | 04/01/38 | 15,083,433 | |||||||||||
21,060,000 | State of Illinois | 5.100 | 06/01/33 | 23,710,677 | |||||||||||
10,500,000 | State of Michigan | 1.779 | 11/01/21 | 10,599,122 | |||||||||||
9,900,000 | State of Wisconsin | 3.154 | 05/01/27 | 10,868,588 | |||||||||||
1,763,000 | State Public School Building Authority | 5.000 | 09/15/27 | 2,085,115 | |||||||||||
7,500,000 | Texas A&M University | 3.993 | 05/15/37 | 8,271,571 | |||||||||||
2,000,000 | University of California | 2.439 | 05/15/24 | 2,109,871 | |||||||||||
2,000,000 | University of California | 2.589 | 05/15/25 | 2,125,556 | |||||||||||
TOTAL MUNICIPAL BONDS | 176,705,591 | ||||||||||||||
U.S. TREASURY SECURITIES - 11.6% | |||||||||||||||
2,250,000 | e | United States Treasury Bond | 4.750 | 02/15/37 | 3,077,227 | ||||||||||
36,875,000 | United States Treasury Bond | 3.500 | 02/15/39 | 44,216,870 | |||||||||||
16,015,000 | United States Treasury Bond | 3.875 | 08/15/40 | 20,192,663 | |||||||||||
12,000,000 | United States Treasury Bond | 3.125 | 11/15/41 | 13,666,406 | |||||||||||
1,380,000 | United States Treasury Bond | 2.500 | 05/15/46 | 1,406,306 | |||||||||||
10,450,000 | United States Treasury Bond | 3.000 | 05/15/47 | 11,696,652 | |||||||||||
1,255,000 | United States Treasury Bond | 2.750 | 08/15/47 | 1,341,379 | |||||||||||
42,835,000 | United States Treasury Bond | 2.750 | 11/15/47 | 45,798,312 | |||||||||||
55,445,000 | United States Treasury Bond | 3.000 | 02/15/48 | 62,152,545 | |||||||||||
510,000 | United States Treasury Bond | 3.125 | 05/15/48 | 584,866 | |||||||||||
45,841,000 | United States Treasury Bond | 3.375 | 11/15/48 | 55,053,967 | |||||||||||
19,081,168 | k | United States Treasury Inflation Indexed Bonds | 0.500 | 04/15/24 | 20,682,694 | ||||||||||
8,600,000 | United States Treasury Note | 0.125 | 08/31/22 | 8,600,000 | |||||||||||
4,800,000 | United States Treasury Note | 0.125 | 10/31/22 | 4,799,438 | |||||||||||
1,640,000 | United States Treasury Note | 0.125 | 12/31/22 | 1,639,295 | |||||||||||
9,220,000 | United States Treasury Note | 0.125 | 01/31/23 | 9,215,678 | |||||||||||
23,490,000 | United States Treasury Note | 0.125 | 02/28/23 | 23,475,319 | |||||||||||
536,271,000 | United States Treasury Note | 0.250 | 03/15/24 | 534,846,530 | |||||||||||
3,300,000 | United States Treasury Note | 0.375 | 11/30/25 | 3,227,941 | |||||||||||
4,082,000 | United States Treasury Note | 0.375 | 12/31/25 | 3,986,488 | |||||||||||
55,595,000 | United States Treasury Note | 0.750 | 03/31/26 | 55,112,887 | |||||||||||
9,650,000 | United States Treasury Note | 0.500 | 10/31/27 | 9,139,983 | |||||||||||
2,530,000 | United States Treasury Note | 0.625 | 12/31/27 | 2,409,133 | |||||||||||
850,000 | United States Treasury Note | 0.750 | 01/31/28 | 814,938 | |||||||||||
550,000 | United States Treasury Note | 1.125 | 02/29/28 | 540,375 | |||||||||||
725,000 | United States Treasury Note | 1.250 | 03/31/28 | 717,523 | |||||||||||
130,000 | United States Treasury Note | 3.125 | 11/15/28 | 145,382 | |||||||||||
250,000 | e | United States Treasury Note | 1.125 | 02/15/31 | 236,211 | ||||||||||
14,575,000 | United States Treasury Note | 1.875 | 02/15/41 | 13,570,691 | |||||||||||
2,481,000 | United States Treasury Note | 1.250 | 05/15/50 | 1,872,283 | |||||||||||
3,880,000 | United States Treasury Note | 1.375 | 08/15/50 | 3,027,613 |
193 |
TIAA-CREF FUNDS - Core Bond Fund
REFERENCE | MATURITY | ||||||||||||||||
PRINCIPAL | ISSUER | RATE & SPREAD | RATE | DATE | VALUE | ||||||||||||
$ | 3,500,000 | United States Treasury Note | 1.625 | % | 11/15/50 | $ | 2,916,484 | ||||||||||
56,000,000 | United States Treasury Note | 1.875 | 02/15/51 | 49,700,000 | |||||||||||||
TOTAL U.S. TREASURY SECURITIES | 1,009,864,079 | ||||||||||||||||
TOTAL GOVERNMENT BONDS | 3,489,149,218 | ||||||||||||||||
(Cost $3,426,670,932) | |||||||||||||||||
STRUCTURED ASSETS - 15.0% | |||||||||||||||||
ASSET BACKED - 7.3% | |||||||||||||||||
950,000 | g | Affirm Asset Securitization Trust | 1.660 | 08/15/25 | 954,097 | ||||||||||||
Series - 2021 A (Class C) | |||||||||||||||||
5,000,000 | g,i | AGL CLO 7 Ltd | LIBOR 3 M + 1.800% | 2.041 | 07/15/31 | 5,010,550 | |||||||||||
Series - 2020 7A (Class A1) | |||||||||||||||||
7,500,000 | g,i | AIMCO CLO Ltd | LIBOR 3 M + 1.380% | 1.605 | 10/15/31 | 7,513,515 | |||||||||||
Series - 2020 11A (Class A1) | |||||||||||||||||
10,000,000 | g,h,i | AIMCO CLO Series | LIBOR 3 M + 1.050% | 0.000 | 04/20/34 | 10,001,060 | |||||||||||
Series - 2017 AA (Class AR) | |||||||||||||||||
10,000,000 | g,h,i | AIMCO CLO Series | LIBOR 3 M + 1.500% | 0.000 | 04/20/34 | 10,001,060 | |||||||||||
Series - 2017 AA (Class BR) | |||||||||||||||||
2,000,000 | g,i | Allegany Park CLO Ltd | LIBOR 3 M + 1.330% | 1.554 | 01/20/33 | 2,003,086 | |||||||||||
Series - 2019 1A (Class A) | |||||||||||||||||
302,464 | American Airlines Pass Through Trust | 3.575 | 01/15/28 | 306,234 | |||||||||||||
Series - 2016 1 (Class AA) | |||||||||||||||||
6,900,000 | American Express Credit Account Master Trust | 2.670 | 11/15/24 | 7,074,362 | |||||||||||||
Series - 2019 2 (Class A) | |||||||||||||||||
813,582 | g | American Homes 4 Rent Trust | 3.786 | 10/17/36 | 869,365 | ||||||||||||
Series - 2014 SFR2 (Class A) | |||||||||||||||||
3,250,000 | AmeriCredit Automobile Receivables Trust | 0.660 | 12/18/24 | 3,262,588 | |||||||||||||
Series - 2020 2 (Class A3) | |||||||||||||||||
1,000,000 | AmeriCredit Automobile Receivables Trust | 2.130 | 03/18/26 | 1,029,560 | |||||||||||||
Series - 2020 2 (Class D) | |||||||||||||||||
17,000,000 | AmeriCredit Automobile Receivables Trust | 1.210 | 12/18/26 | 16,908,246 | |||||||||||||
Series - 2021 1 (Class D) | |||||||||||||||||
1,233,816 | g | AMSR Trust | 1.819 | 04/17/37 | 1,248,491 | ||||||||||||
Series - 2020 SFR1 (Class A) | |||||||||||||||||
2,000,000 | g | AMSR Trust | 3.148 | 01/19/39 | 2,077,231 | ||||||||||||
Series - 2019 SFR1 (Class C) | |||||||||||||||||
1,700,000 | g | AMSR Trust | 3.247 | 01/19/39 | 1,758,905 | ||||||||||||
Series - 2019 SFR1 (Class D) | |||||||||||||||||
2,736,250 | g | Applebee’s Funding LLC | 4.194 | 06/07/49 | 2,809,855 | ||||||||||||
Series - 2019 1A (Class A2I) | |||||||||||||||||
392,308 | †,i | ARTS Ltd | LIBOR 3 M + 1.780% | 1.964 | 09/15/21 | 389,954 | |||||||||||
Series - 2016 53 (Class NOTE) | |||||||||||||||||
55,677 | †,g | Asset Backed Funding Corp NIM Trust | 5.900 | 07/26/35 | 1 | ||||||||||||
Series - 2005 WMC1 (Class N1) | |||||||||||||||||
841,414 | i | Asset Backed Securities Corp Home Equity Loan Trust | LIBOR 1 M + 0.900% | 3.386 | 08/25/34 | 822,444 | |||||||||||
Series - 2004 HE5 (Class M1) | |||||||||||||||||
4,000,000 | g | Avis Budget Rental Car Funding AESOP LLC | 3.450 | 03/20/23 | 4,089,134 | ||||||||||||
Series - 2019 1A (Class A) | |||||||||||||||||
6,000,000 | g | Avis Budget Rental Car Funding AESOP LLC | 3.070 | 09/20/23 | 6,190,655 | ||||||||||||
Series - 2017 1A (Class A) |
194 |
TIAA-CREF FUNDS - Core Bond Fund
REFERENCE | MATURITY | ||||||||||||||||
PRINCIPAL | ISSUER | RATE & SPREAD | RATE | DATE | VALUE | ||||||||||||
$ | 8,500,000 | g | Avis Budget Rental Car Funding AESOP LLC | 2.970 | % | 03/20/24 | $ | 8,848,494 | |||||||||
Series - 2017 2A (Class A) | |||||||||||||||||
2,000,000 | i | Bayview Financial Mortgage Pass-Through Trust | LIBOR 1 M + 0.975% | 1.084 | 02/28/41 | 1,997,009 | |||||||||||
Series - 2006 A (Class M3) | |||||||||||||||||
6,329,032 | i | Bear Stearns Asset Backed Securities Trust | LIBOR 1 M + 1.005% | 1.114 | 04/25/36 | 6,315,091 | |||||||||||
Series - 2006 SD1 (Class M1) | |||||||||||||||||
1,500,000 | g,i | Bonanza RE Ltd | U.S. Treasury Bill 3 M + 4.750% | 4.765 | 12/23/24 | 1,513,200 | |||||||||||
1,562,468 | g | BRE Grand Islander Timeshare Issuer LLC | 3.280 | 09/26/33 | 1,635,684 | ||||||||||||
Series - 2019 A (Class A) | |||||||||||||||||
5,516,328 | g | Capital Automotive REIT | 3.660 | 10/15/44 | 5,523,890 | ||||||||||||
Series - 2014 1A (Class A) | |||||||||||||||||
12,494,427 | g | Capital Automotive REIT | 3.870 | 04/15/47 | 12,515,276 | ||||||||||||
Series - 2017 1A (Class A1) | |||||||||||||||||
5,568,674 | g | Capital Automotive REIT | 2.690 | 02/15/50 | 5,756,500 | ||||||||||||
Series - 2020 1A (Class A1) | |||||||||||||||||
1,075,000 | Carmax Auto Owner Trust | 1.280 | 07/15/27 | 1,062,328 | |||||||||||||
Series - 2021 1 (Class D) | |||||||||||||||||
5,885,250 | g | Cars Net Lease Mortgage Notes Series | 2.010 | 12/15/50 | 5,783,097 | ||||||||||||
Series - 2020 1A (Class A1) | |||||||||||||||||
9,987,500 | g | Cars Net Lease Mortgage Notes Series | 3.100 | 12/15/50 | 10,143,502 | ||||||||||||
Series - 2020 1A (Class A3) | |||||||||||||||||
12,500,000 | g,i | Cayuga Park CLO, Ltd. | LIBOR 3 M + 1.600% | 1.823 | 07/17/31 | 12,519,762 | |||||||||||
Series - 2020 1A (Class A) | |||||||||||||||||
554,272 | i | C-BASS Trust | LIBOR 1 M + 0.080% | 0.189 | 07/25/36 | 537,733 | |||||||||||
Series - 2006 CB6 (Class A1) | |||||||||||||||||
8,817,685 | †,g,i | CBRE Realty Finance | LIBOR 3 M + 0.300% | 0.520 | 04/07/52 | 22,044 | |||||||||||
Series - 2007 1A (Class A2) | |||||||||||||||||
9,305,194 | g | CF Hippolyta LLC | 1.690 | 07/15/60 | 9,374,758 | ||||||||||||
Series - 2020 1 (Class A1) | |||||||||||||||||
2,843,993 | g | CF Hippolyta LLC | 1.990 | 07/15/60 | 2,819,484 | ||||||||||||
Series - 2020 1 (Class A2) | |||||||||||||||||
1,908,758 | g | CF Hippolyta LLC | 2.280 | 07/15/60 | 1,940,619 | ||||||||||||
Series - 2020 1 (Class B1) | |||||||||||||||||
7,105,000 | Chase Issuance Trust | 1.530 | 01/15/25 | 7,262,811 | |||||||||||||
Series - 2020 A1 (Class A1) | |||||||||||||||||
1,500,000 | g,i | CIFC Funding Ltd | LIBOR 3 M + 1.220% | 1.444 | 07/20/30 | 1,500,531 | |||||||||||
Series - 2017 3A (Class A1) | |||||||||||||||||
5,000,000 | g,i | CIFC Funding Ltd | LIBOR 3 M + 1.650% | 1.874 | 08/24/32 | 5,016,535 | |||||||||||
Series - 2020 2A (Class A1) | |||||||||||||||||
32,763 | CIT Group Home Equity Loan Trust (Step Bond) | 6.200 | 02/25/30 | 33,555 | |||||||||||||
Series - 2002 1 (Class AF6) | |||||||||||||||||
1,200,178 | g | Corevest American Finance Trust | 1.832 | 03/15/50 | 1,219,582 | ||||||||||||
Series - 2020 1 (Class A1) | |||||||||||||||||
1,615,400 | g | DB Master Finance LLC | 3.787 | 05/20/49 | 1,648,338 | ||||||||||||
Series - 2019 1A (Class A2I) | |||||||||||||||||
1,108,125 | g | DB Master Finance LLC | 4.352 | 05/20/49 | 1,196,709 | ||||||||||||
Series - 2019 1A (Class A23) | |||||||||||||||||
2,328,379 | g | Diamond Resorts Owner Trust | 2.890 | 02/20/32 | 2,402,880 | ||||||||||||
Series - 2019 1A (Class A) | |||||||||||||||||
3,300,000 | i | Discover Card Execution Note Trust | LIBOR 1 M + 0.360% | 0.466 | 10/15/22 | 3,313,717 | |||||||||||
Series - 2017 A7 (Class A7) |
195 |
TIAA-CREF FUNDS - Core Bond Fund
REFERENCE | MATURITY | ||||||||||||||||
PRINCIPAL | ISSUER | RATE & SPREAD | RATE | DATE | VALUE | ||||||||||||
$ | 2,585,250 | g | Domino’s Pizza Master Issuer LLC | 4.474 | % | 10/25/45 | $ | 2,729,972 | |||||||||
Series - 2015 1A (Class A2II) | |||||||||||||||||
572,300 | g,i | Domino’s Pizza Master Issuer LLC | LIBOR 3 M + 1.250% | 1.468 | 07/25/47 | 572,266 | |||||||||||
Series - 2017 1A (Class A2I) | |||||||||||||||||
13,313,250 | g | Domino’s Pizza Master Issuer LLC | 3.082 | 07/25/47 | 13,334,418 | ||||||||||||
Series - 2017 1A (Class A2II) | |||||||||||||||||
2,346,000 | g | Domino’s Pizza Master Issuer LLC | 4.116 | 07/25/48 | 2,465,153 | ||||||||||||
Series - 2018 1A (Class A2I) | |||||||||||||||||
3,800,000 | g,h,i | Dryden 49 Senior Loan Fund | LIBOR 3 M + 1.600% | 0.000 | 07/18/30 | 3,800,000 | |||||||||||
Series - 2017 49A (Class BR) | |||||||||||||||||
5,920,000 | g,i | Dryden 50 Senior Loan Fund | LIBOR 3 M + 1.220% | 1.461 | 07/15/30 | 5,921,024 | |||||||||||
Series - 2017 50A (Class A1) | |||||||||||||||||
11,800,000 | g | DT Auto Owner Trust | 1.160 | 11/16/26 | 11,750,913 | ||||||||||||
Series - 2021 1A (Class D) | |||||||||||||||||
3,374,333 | g,i | Ellington Loan Acquisition Trust | LIBOR 1 M + 1.100% | 1.209 | 05/25/37 | 3,379,547 | |||||||||||
Series - 2007 2 (Class A2C) | |||||||||||||||||
25,538,715 | g | FNA VI LLC | 1.350 | 01/10/32 | 25,499,475 | ||||||||||||
Series - 2021 1A (Class A) | |||||||||||||||||
1,213,682 | g | HERO Funding Trust | 3.190 | 09/20/48 | 1,268,606 | ||||||||||||
Series - 2017 3A (Class A1) | |||||||||||||||||
444,745 | g | HERO Funding Trust | 3.280 | 09/20/48 | 457,712 | ||||||||||||
Series - 2017 2A (Class A1) | |||||||||||||||||
1,577,787 | g | HERO Funding Trust | 3.950 | 09/20/48 | 1,673,604 | ||||||||||||
Series - 2017 3A (Class A2) | |||||||||||||||||
889,490 | g | HERO Funding Trust | 4.070 | 09/20/48 | 917,494 | ||||||||||||
Series - 2017 2A (Class A2) | |||||||||||||||||
435,588 | g | Hertz Vehicle Financing II LP | 3.710 | 03/25/23 | 437,342 | ||||||||||||
Series - 2019 1A (Class A) | |||||||||||||||||
2,439,033 | g | Hertz Vehicle Financing II LP | 3.290 | 02/25/24 | 2,445,733 | ||||||||||||
Series - 2018 1A (Class A) | |||||||||||||||||
394,502 | g | Hertz Vehicle Financing II LP | 3.420 | 05/25/25 | 395,539 | ||||||||||||
Series - 2019 2A (Class A) | |||||||||||||||||
1,184,285 | g | Hertz Vehicle Financing LLC | 4.030 | 07/25/24 | 1,189,808 | ||||||||||||
Series - 2018 3A (Class A) | |||||||||||||||||
1,096,551 | g | Hilton Grand Vacations Trust | 2.660 | 12/26/28 | 1,124,753 | ||||||||||||
Series - 2017 AA (Class A) | |||||||||||||||||
822,413 | g | Hilton Grand Vacations Trust | 2.960 | 12/26/28 | 837,612 | ||||||||||||
Series - 2017 AA (Class B) | |||||||||||||||||
1,633,028 | g | Hilton Grand Vacations Trust | 2.340 | 07/25/33 | 1,683,398 | ||||||||||||
Series - 2019 AA (Class A) | |||||||||||||||||
135,391 | i | Home Equity Asset Trust | LIBOR 1 M + 1.500% | 3.986 | 06/25/33 | 136,777 | |||||||||||
Series - 2003 1 (Class M1) | |||||||||||||||||
4,182,167 | g | Horizon Aircraft Finance II Ltd | 3.721 | 07/15/39 | 4,177,792 | ||||||||||||
Series - 2019 1 (Class A) | |||||||||||||||||
4,529,036 | g | Horizon Aircraft Finance III Ltd | 3.425 | 11/15/39 | 4,471,375 | ||||||||||||
Series - 2019 2 (Class A) | |||||||||||||||||
199,960 | g,i | Invitation Homes Trust | LIBOR 1 M + 1.450% | 1.556 | 06/17/37 | 200,124 | |||||||||||
Series - 2018 SFR2 (Class D) | |||||||||||||||||
800,000 | g,i | Invitation Homes Trust | LIBOR 1 M + 1.250% | 1.358 | 01/17/38 | 803,772 | |||||||||||
Series - 2018 SFR4 (Class B) | |||||||||||||||||
1,400,000 | g,i | Invitation Homes Trust | LIBOR 1 M + 1.650% | 1.758 | 01/17/38 | 1,408,044 | |||||||||||
Series - 2018 SFR4 (Class D) | |||||||||||||||||
1,321,207 | i | JP Morgan Mortgage Acquisition Trust | LIBOR 1 M + 0.320% | 0.429 | 03/25/37 | 1,308,468 | |||||||||||
Series - 2007 CH3 (Class A1B) |
196 |
TIAA-CREF FUNDS - Core Bond Fund
REFERENCE | MATURITY | ||||||||||||||||
PRINCIPAL | ISSUER | RATE & SPREAD | RATE | DATE | VALUE | ||||||||||||
$ | 4,540,637 | i | JP Morgan Mortgage Acquisition Trust | LIBOR 1 M + 0.160% | 0.269 | % | 06/25/37 | $ | 4,466,729 | ||||||||
Series - 2007 CH5 (Class A1) | |||||||||||||||||
5,250,000 | g,i | La Vie Re Ltd | LIBOR 3 M + 2.850% | 2.981 | 10/06/23 | 5,250,000 | |||||||||||
958,647 | g | Laurel Road Prime Student Loan Trust | 0.720 | 11/25/50 | 959,128 | ||||||||||||
Series - 2020 A (Class A1FX) | |||||||||||||||||
7,250,000 | g,i | Madison Park Funding X Ltd | LIBOR 3 M + 1.600% | 1.800 | 01/20/29 | 7,250,159 | |||||||||||
Series - 2012 10A (Class BR3) | |||||||||||||||||
530,000 | g,i | Magnetite XVIII Ltd | LIBOR 3 M + 1.500% | 1.694 | 11/15/28 | 529,111 | |||||||||||
Series - 2016 18A (Class BR) | |||||||||||||||||
184,092 | g | Mid-State Capital Trust | 7.000 | 12/15/45 | 190,608 | ||||||||||||
Series - 2010 1 (Class B) | |||||||||||||||||
388,891 | g | MVW Owner Trust | 2.520 | 12/20/32 | 390,629 | ||||||||||||
Series - 2015 1A (Class A) | |||||||||||||||||
3,009,440 | g | MVW Owner Trust | 3.000 | 11/20/36 | 3,061,071 | ||||||||||||
Series - 2019 1A (Class B) | |||||||||||||||||
4,281,016 | g | Navient Private Education Refi Loan Trust | 1.310 | 01/15/69 | 4,307,941 | ||||||||||||
Series - 2020 HA (Class A) | |||||||||||||||||
2,000,000 | g | Navient Private Education Refi Loan Trust | 2.780 | 01/15/69 | 1,958,941 | ||||||||||||
Series - 2020 HA (Class B) | |||||||||||||||||
2,085,058 | g | Navient Student Loan Trust | 3.390 | 12/15/59 | 2,198,392 | ||||||||||||
Series - 2019 BA (Class A2A) | |||||||||||||||||
16,000,000 | g,h,i | Neuberger Berman Loan Advisers CLO 31 Ltd | LIBOR 3 M + 1.550% | 0.000 | 04/20/31 | 16,000,000 | |||||||||||
Series - 2019 31A (Class BR) | |||||||||||||||||
6,750,000 | g,i | Neuberger Berman Loan Advisers Clo 40 Ltd | LIBOR 3 M + 1.400% | 1.588 | 04/16/33 | 6,751,390 | |||||||||||
Series - 2021 40A (Class B) | |||||||||||||||||
5,724,955 | g | Oak Street Investment Grade Net Lease Fund Series | 1.480 | 01/20/51 | 5,699,750 | ||||||||||||
Series - 2021 1A (Class A1) | |||||||||||||||||
8,500,000 | g,i | Octagon Investment Partners 46 Ltd | LIBOR 3 M + 1.650% | 1.891 | 07/15/33 | 8,514,195 | |||||||||||
Series - 2020 2A (Class A) | |||||||||||||||||
9,500,000 | g,i | OHA Credit Funding 7 Ltd | LIBOR 3 M + 1.250% | 1.475 | 10/19/32 | 9,508,968 | |||||||||||
Series - 2020 7A (Class A) | |||||||||||||||||
9,255,000 | g | OneMain Financial Issuance Trust | 3.840 | 05/14/32 | 9,709,983 | ||||||||||||
Series - 2020 1A (Class A) | |||||||||||||||||
10,000,000 | g | OneMain Financial Issuance Trust | 1.750 | 09/14/35 | 10,021,168 | ||||||||||||
Series - 2020 2A (Class A) | |||||||||||||||||
7,250,000 | g | Oportun Funding XIV LLC | 1.210 | 03/08/28 | 7,247,519 | ||||||||||||
Series - 2021 A (Class A) | |||||||||||||||||
946,929 | g | Orange Lake Timeshare Trust | 3.100 | 11/08/30 | 975,741 | ||||||||||||
Series - 2018 A (Class A) | |||||||||||||||||
3,500,000 | g | PFS Financing Corp | 0.930 | 08/15/24 | 3,520,447 | ||||||||||||
Series - 2020 F (Class A) | |||||||||||||||||
5,300,000 | g | PFS Financing Corp | 1.270 | 06/15/25 | 5,371,654 | ||||||||||||
Series - 2020 A (Class A) | |||||||||||||||||
2,500,000 | g | PFS Financing Corp | 1.000 | 10/15/25 | 2,515,022 | ||||||||||||
Series - 2020 E (Class A) | |||||||||||||||||
3,688,000 | g | PFS Financing Corp | 0.970 | 02/15/26 | 3,702,672 | ||||||||||||
Series - 2020 G (Class A) | |||||||||||||||||
3,000,000 | g | PFS Financing Corp | 0.710 | 04/15/26 | 2,984,691 | ||||||||||||
Series - 2021 A (Class A) | |||||||||||||||||
6,750,000 | g | PFS Financing Corp | 0.960 | 04/15/26 | 6,705,894 | ||||||||||||
Series - 2021 A (Class B) | |||||||||||||||||
200,000 | g | Progress Residential Trust | 2.937 | 10/17/36 | 203,374 | ||||||||||||
Series - 2019 SFR4 (Class B) |
197 |
TIAA-CREF FUNDS - Core Bond Fund
REFERENCE | MATURITY | ||||||||||||||||
PRINCIPAL | ISSUER | RATE & SPREAD | RATE | DATE | VALUE | ||||||||||||
$ | 750,120 | i | RASC Trust | LIBOR 1 M + 0.590% | 3.080 | % | 08/25/35 | $ | 750,364 | ||||||||
Series - 2005 KS8 (Class M4) | |||||||||||||||||
5,320,806 | g | Renew | 3.950 | 09/20/53 | 5,696,891 | ||||||||||||
Series - 2018 1 (Class A) | |||||||||||||||||
6,600,000 | Santander Drive Auto Receivables Trust | 2.220 | 09/15/26 | 6,773,219 | |||||||||||||
Series - 2020 2 (Class D) | |||||||||||||||||
5,000,000 | g | ServiceMaster Funding LLC | 2.841 | 10/30/51 | 5,106,350 | ||||||||||||
Series - 2020 1 (Class A2I) | |||||||||||||||||
11,869,750 | g | SERVPRO Master Issuer LLC | 3.882 | 10/25/49 | 12,240,324 | ||||||||||||
Series - 2019 1A (Class A2) | |||||||||||||||||
10,000,000 | g | SERVPRO Master Issuer LLC | 2.394 | 04/25/51 | 9,878,951 | ||||||||||||
Series - 2021 1A (Class A2) | |||||||||||||||||
3,776,534 | †,g | Settlement Fee Finance LLC | 3.840 | 11/01/49 | 3,737,447 | ||||||||||||
Series - 2019 1A (Class A) | |||||||||||||||||
817,552 | g | Sierra Timeshare Receivables Funding LLC | 2.430 | 10/20/33 | 823,397 | ||||||||||||
Series - 2016 3A (Class A) | |||||||||||||||||
503,109 | g | Sierra Timeshare Receivables Funding LLC | 2.630 | 10/20/33 | 505,061 | ||||||||||||
Series - 2016 3A (Class B) | |||||||||||||||||
2,551,869 | g | Sierra Timeshare Receivables Funding LLC | 2.910 | 03/20/34 | 2,590,582 | ||||||||||||
Series - 2017 1A (Class A) | |||||||||||||||||
173,125 | g | Sierra Timeshare Receivables Funding LLC | 3.200 | 03/20/34 | 175,052 | ||||||||||||
Series - 2017 1A (Class B) | |||||||||||||||||
2,087,798 | g | Sierra Timeshare Receivables Funding LLC | 3.650 | 06/20/35 | 2,155,989 | ||||||||||||
Series - 2018 2A (Class B) | |||||||||||||||||
1,799,793 | g | Sierra Timeshare Receivables Funding LLC | 3.200 | 01/20/36 | 1,865,757 | ||||||||||||
Series - 2019 1A (Class A) | |||||||||||||||||
4,450,000 | g | Sierra Timeshare Receivables Funding LLC | 0.990 | 11/20/37 | 4,438,934 | ||||||||||||
Series - 2021 1A (Class A) | |||||||||||||||||
4,825,000 | g | Sierra Timeshare Receivables Funding LLC | 1.340 | 11/20/37 | 4,813,322 | ||||||||||||
Series - 2021 1A (Class B) | |||||||||||||||||
2,675,000 | g | Sierra Timeshare Receivables Funding LLC | 1.790 | 11/20/37 | 2,679,262 | ||||||||||||
Series - 2021 1A (Class C) | |||||||||||||||||
4,503,637 | g | SMB Private Education Loan Trust | 2.430 | 02/17/32 | 4,610,716 | ||||||||||||
Series - 2016 B (Class A2A) | |||||||||||||||||
2,961,382 | g | SMB Private Education Loan Trust | 2.880 | 09/15/34 | 3,085,971 | ||||||||||||
Series - 2017 A (Class A2A) | |||||||||||||||||
2,400,801 | g | SMB Private Education Loan Trust | 2.820 | 10/15/35 | 2,489,680 | ||||||||||||
Series - 2017 B (Class A2A) | |||||||||||||||||
1,571,578 | g | SoFi Professional Loan Program LLC | 2.340 | 04/25/33 | 1,600,828 | ||||||||||||
Series - 2016 D (Class A2B) | |||||||||||||||||
1,537,096 | g | SoFi Professional Loan Program LLC | 2.490 | 01/25/36 | 1,553,631 | ||||||||||||
Series - 2016 E (Class A2B) | |||||||||||||||||
1,016,025 | g | SoFi Professional Loan Program LLC | 2.760 | 12/26/36 | 1,030,851 | ||||||||||||
Series - 2016 A (Class A2) | |||||||||||||||||
1,329,997 | g | SoFi Professional Loan Program LLC | 2.400 | 03/26/40 | 1,346,358 | ||||||||||||
Series - 2017 A (Class A2B) | |||||||||||||||||
2,033,083 | g | SoFi Professional Loan Program LLC | 2.740 | 05/25/40 | 2,068,753 | ||||||||||||
Series - 2017 B (Class A2FX) | |||||||||||||||||
939,941 | g | SoFi Professional Loan Program LLC | 2.630 | 07/25/40 | 954,986 | ||||||||||||
Series - 2017 C (Class A2B) | |||||||||||||||||
2,294,102 | g | SoFi Professional Loan Program LLC | 2.720 | 11/26/40 | 2,330,616 | ||||||||||||
Series - 2017 E (Class A2B) | |||||||||||||||||
4,107,081 | g | SoFi Professional Loan Program LLC | 2.840 | 01/25/41 | 4,203,269 | ||||||||||||
Series - 2017 F (Class A2FX) |
198 |
TIAA-CREF FUNDS - Core Bond Fund
REFERENCE | MATURITY | ||||||||||||||||
PRINCIPAL | ISSUER | RATE & SPREAD | RATE | DATE | VALUE | ||||||||||||
$ | 1,933,330 | g | SoFi Professional Loan Program LLC | 2.060 | % | 05/15/46 | $ | 1,944,354 | |||||||||
Series - 2020 A (Class A1FX) | |||||||||||||||||
2,512,270 | g | SoFi Professional Loan Program LLC | 3.690 | 06/15/48 | 2,620,947 | ||||||||||||
Series - 2019 A (Class A2FX) | |||||||||||||||||
1,246,747 | g | SolarCity LMC | 4.800 | 11/20/38 | 1,309,425 | ||||||||||||
Series - 2013 1 (Class A) | |||||||||||||||||
1,568,568 | g | SolarCity LMC | 4.020 | 07/20/44 | 1,589,394 | ||||||||||||
Series - 2014 2 (Class A) | |||||||||||||||||
13,769,200 | g | Sonic Capital LLC | 3.845 | 01/20/50 | 14,268,747 | ||||||||||||
Series - 2020 1A (Class A2I) | |||||||||||||||||
8,452,307 | g | SpringCastle America Funding LLC | 1.970 | 09/25/37 | 8,518,406 | ||||||||||||
Series - 2020 AA (Class A) | |||||||||||||||||
5,500,000 | g | Stack Infrastructure Issuer LLC | 1.893 | 08/25/45 | 5,513,418 | ||||||||||||
Series - 2020 1A (Class A2) | |||||||||||||||||
204,662 | i | Structured Asset Investment Loan Trust | LIBOR 1 M + 0.900% | 1.009 | 09/25/34 | 197,868 | |||||||||||
Series - 2004 8 (Class M1) | |||||||||||||||||
950,242 | i | Structured Asset Investment Loan Trust | LIBOR 1 M + 1.000% | 1.109 | 09/25/34 | 946,762 | |||||||||||
Series - 2004 8 (Class A9) | |||||||||||||||||
1,828,750 | g | Taco Bell Funding LLC | 4.970 | 05/25/46 | 1,981,633 | ||||||||||||
Series - 2016 1A (Class A23) | |||||||||||||||||
18,816,875 | g | Taco Bell Funding LLC | 4.318 | 11/25/48 | 18,909,454 | ||||||||||||
Series - 2018 1A (Class A2I) | |||||||||||||||||
4,000,000 | g | Tesla Auto Lease Trust | 0.680 | 12/20/23 | 4,020,254 | ||||||||||||
Series - 2020 A (Class A3) | |||||||||||||||||
1,000,000 | g | Tesla Auto Lease Trust | 0.780 | 12/20/23 | 1,006,355 | ||||||||||||
Series - 2020 A (Class A4) | |||||||||||||||||
258,120 | g | TLF National Tax Lien Trust | 3.090 | 12/15/29 | 259,756 | ||||||||||||
Series - 2017 1A (Class A) | |||||||||||||||||
67,302 | g | TLF National Tax Lien Trust | 3.840 | 12/15/29 | 67,736 | ||||||||||||
Series - 2017 1A (Class B) | |||||||||||||||||
8,800,000 | Toyota Auto Receivables Owner Trust | 1.660 | 05/15/24 | 8,947,305 | |||||||||||||
Series - 2020 A (Class A3) | |||||||||||||||||
526,803 | g | Tricon American Homes Trust | 2.716 | 09/17/34 | 530,266 | ||||||||||||
Series - 2017 SFR1 (Class A) | |||||||||||||||||
2,200,000 | g | Tricon American Homes Trust | 4.011 | 09/17/34 | 2,226,980 | ||||||||||||
Series - 2017 SFR1 (Class E) | |||||||||||||||||
98,934 | g | Tricon American Homes Trust | 2.928 | 01/17/36 | 101,273 | ||||||||||||
Series - 2017 SFR2 (Class A) | |||||||||||||||||
500,000 | g | Tricon American Homes Trust | 3.275 | 01/17/36 | 510,325 | ||||||||||||
Series - 2017 SFR2 (Class B) | |||||||||||||||||
4,750,000 | g,i | Ursa Re II Ltd | U.S. Treasury Bill 3 M + 3.750% | 3.765 | 12/07/23 | 4,854,975 | |||||||||||
12,200,000 | Verizon Owner Trust | 1.850 | 07/22/24 | 12,444,947 | |||||||||||||
Series - 2020 A (Class A1A) | |||||||||||||||||
7,894,807 | g | Vine | 2.790 | 11/15/50 | 7,734,276 | ||||||||||||
Series - 2020 1A (Class A) | |||||||||||||||||
13,172,513 | g | Wendys Funding LLC | 3.573 | 03/15/48 | 13,540,157 | ||||||||||||
Series - 2018 1A (Class A2I) | |||||||||||||||||
8,300,000 | World Omni Auto Receivables Trust | 1.700 | 01/17/23 | 8,449,104 | |||||||||||||
Series - 2020 A (Class A3) | |||||||||||||||||
TOTAL ASSET BACKED | 632,610,098 |
199 |
TIAA-CREF FUNDS - Core Bond Fund
REFERENCE | MATURITY | ||||||||||||||||
PRINCIPAL | ISSUER | RATE & SPREAD | RATE | DATE | VALUE | ||||||||||||
OTHER MORTGAGE BACKED - 7.7% | |||||||||||||||||
$ | 4,180,000 | g,i | ACRE Commercial Mortgage Ltd | LIBOR 1 M + 0.830% | 0.938 | % | 12/18/37 | $ | 4,166,986 | ||||||||
Series - 2021 FL4 (Class A) | |||||||||||||||||
356,785 | g,i | Agate Bay Mortgage Trust | 3.500 | 11/25/44 | 361,450 | ||||||||||||
Series - 2014 3 (Class A13) | |||||||||||||||||
192,730 | g,i | Agate Bay Mortgage Trust | 3.500 | 09/25/45 | 195,043 | ||||||||||||
Series - 2015 6 (Class A9) | |||||||||||||||||
325,062 | i | Alternative Loan Trust | LIBOR 1 M + 0.750% | 0.859 | 06/25/34 | 333,455 | |||||||||||
Series - 2004 8CB (Class M1) | |||||||||||||||||
408,273 | i | American Home Mortgage Investment Trust | LIBOR 6 M + 1.500% | 1.720 | 10/25/34 | 415,979 | |||||||||||
Series - 2004 3 (Class 4A) | |||||||||||||||||
609,051 | i | Ameriquest Mortgage Securities | LIBOR 1 M + 1.020% | 1.129 | 10/25/34 | 608,210 | |||||||||||
Series - 2004 R9 (Class M3) | |||||||||||||||||
2,486,000 | Banc of America Commercial Mortgage Trust | 3.705 | 09/15/48 | 2,722,031 | |||||||||||||
Series - 2015 UBS7 (Class A4) | |||||||||||||||||
1,910,000 | i | Banc of America Commercial Mortgage Trust | 4.360 | 09/15/48 | 2,003,782 | ||||||||||||
Series - 2015 UBS7 (Class B) | |||||||||||||||||
6,000,000 | Banc of America Commercial Mortgage Trust | 3.366 | 02/15/50 | 6,440,475 | |||||||||||||
Series - 2017 BNK3 (Class ASB) | |||||||||||||||||
5,000,000 | BANK | 3.731 | 11/15/50 | 5,470,044 | |||||||||||||
Series - 2017 BNK8 (Class AS) | |||||||||||||||||
1,250,000 | i | BANK | 3.927 | 11/15/50 | 1,357,820 | ||||||||||||
Series - 2017 BNK8 (Class B) | |||||||||||||||||
1,000,000 | i | BANK | 4.071 | 11/15/50 | 1,047,396 | ||||||||||||
Series - 2017 BNK8 (Class C) | |||||||||||||||||
2,500,000 | BANK | 3.203 | 12/15/52 | 2,647,272 | |||||||||||||
Series - 2019 BN23 (Class AS) | |||||||||||||||||
1,637,000 | BANK | 3.455 | 12/15/52 | 1,727,694 | |||||||||||||
Series - 2019 BN23 (Class B) | |||||||||||||||||
7,500,000 | BANK | 3.289 | 07/15/60 | 8,058,793 | |||||||||||||
Series - 2017 BNK6 (Class ASB) | |||||||||||||||||
2,000,000 | i | BANK | 3.283 | 11/15/62 | 2,139,515 | ||||||||||||
Series - 2019 BN24 (Class AS) | |||||||||||||||||
2,000,000 | g | BBCMS Mortgage Trust | 3.821 | 09/05/32 | 1,987,776 | ||||||||||||
Series - 2013 TYSN (Class C) | |||||||||||||||||
1,250,000 | g,i | BBCMS Mortgage Trust | 4.267 | 08/05/38 | 1,065,587 | ||||||||||||
Series - 2018 CHRS (Class E) | |||||||||||||||||
2,000,000 | g,i | Bear Stearns Commercial Mortgage Securities Trust | 4.945 | 02/11/41 | 1,645,448 | ||||||||||||
Series - 2005 PWR7 (Class E) | |||||||||||||||||
1,000,000 | g,i | Benchmark Mortgage Trust | 2.791 | 09/15/48 | 1,001,263 | ||||||||||||
Series - 2020 IG2 (Class AM) | |||||||||||||||||
2,500,000 | g,i | Benchmark Mortgage Trust | 3.131 | 09/15/48 | 2,570,293 | ||||||||||||
Series - 2020 IG3 (Class AS) | |||||||||||||||||
2,500,000 | g,i | Benchmark Mortgage Trust | 3.536 | 09/15/48 | 2,610,716 | ||||||||||||
Series - 2020 IG3 (Class BXA) | |||||||||||||||||
1,380,000 | Benchmark Mortgage Trust | 4.016 | 03/15/52 | 1,547,941 | |||||||||||||
Series - 2019 B9 (Class A5) | |||||||||||||||||
1,500,000 | Benchmark Mortgage Trust | 3.419 | 08/15/52 | 1,599,814 | |||||||||||||
Series - 2019 B12 (Class AS) | |||||||||||||||||
1,200,000 | i | Benchmark Mortgage Trust | 4.510 | 05/15/53 | 1,383,207 | ||||||||||||
Series - 2018 B7 (Class A4) | |||||||||||||||||
1,500,000 | Benchmark Mortgage Trust | 3.231 | 12/15/72 | 1,592,805 | |||||||||||||
Series - 2019 B15 (Class AS) |
200 |
TIAA-CREF FUNDS - Core Bond Fund
REFERENCE | MATURITY | ||||||||||||||||
PRINCIPAL | ISSUER | RATE & SPREAD | RATE | DATE | VALUE | ||||||||||||
$ | 940,511 | g,i | BX Commercial Mortgage Trust | LIBOR 1 M + 0.920% | 1.026 | % | 10/15/36 | $ | 941,101 | ||||||||
Series - 2019 XL (Class A) | |||||||||||||||||
6,500,000 | i | CD Mortgage Trust | 3.879 | 11/10/49 | 6,835,680 | ||||||||||||
Series - 2016 CD2 (Class B) | |||||||||||||||||
3,030,000 | i | CD Mortgage Trust | 4.023 | 11/10/49 | 3,081,388 | ||||||||||||
Series - 2016 CD2 (Class C) | |||||||||||||||||
9,320,000 | CD Mortgage Trust | 3.453 | 02/10/50 | 10,042,806 | |||||||||||||
Series - 2017 CD3 (Class AAB) | |||||||||||||||||
1,000,000 | CD Mortgage Trust | 3.833 | 02/10/50 | 1,078,842 | |||||||||||||
Series - 2017 CD3 (Class AS) | |||||||||||||||||
2,000,000 | i | CD Mortgage Trust | 4.559 | 02/10/50 | 2,049,850 | ||||||||||||
Series - 2017 CD3 (Class C) | |||||||||||||||||
5,000,000 | i | CD Mortgage Trust | 3.684 | 08/15/50 | 5,445,426 | ||||||||||||
Series - 2017 CD5 (Class AS) | |||||||||||||||||
3,000,000 | CD Mortgage Trust | 2.812 | 08/15/57 | 3,199,955 | |||||||||||||
Series - 2019 CD8 (Class ASB) | |||||||||||||||||
49,718 | g,i | CF Mortgage Trust | 2.840 | 04/15/25 | 52,433 | ||||||||||||
Series - 2020 P1 (Class A1) | |||||||||||||||||
1,750,000 | g,i | CF Mortgage Trust | 3.603 | 04/15/52 | 1,749,872 | ||||||||||||
Series - 2020 P1 (Class A2) | |||||||||||||||||
184,375 | i | CHL Mortgage Pass-Through Trust | 2.675 | 02/20/35 | 186,636 | ||||||||||||
Series - 2004 HYB9 (Class 1A1) | |||||||||||||||||
1,750,000 | g,i | Citigroup Commercial Mortgage Trust | 3.518 | 05/10/35 | 1,815,591 | ||||||||||||
Series - 2013 375P (Class B) | |||||||||||||||||
5,000,000 | g | Citigroup Commercial Mortgage Trust | 3.341 | 05/10/36 | 5,295,777 | ||||||||||||
Series - 2019 PRM (Class A) | |||||||||||||||||
2,000,000 | g | Citigroup Commercial Mortgage Trust | 3.896 | 05/10/36 | 2,092,966 | ||||||||||||
Series - 2019 PRM (Class C) | |||||||||||||||||
500,000 | i | Citigroup Commercial Mortgage Trust | 3.758 | 04/10/48 | 525,489 | ||||||||||||
Series - 2015 GC29 (Class B) | |||||||||||||||||
470,000 | i | Citigroup Mortgage Loan Trust | LIBOR 1 M + 0.750% | 0.859 | 01/25/36 | 468,807 | |||||||||||
Series - 2006 WFH1 (Class M4) | |||||||||||||||||
6,000,000 | g,i | COMM Mortgage Trust | 3.538 | 10/10/29 | 6,211,142 | ||||||||||||
Series - 2017 PANW (Class C) | |||||||||||||||||
6,863,085 | COMM Mortgage Trust | 2.853 | 10/15/45 | 7,038,159 | |||||||||||||
Series - 2012 CR4 (Class A3) | |||||||||||||||||
1,500,000 | g,i | COMM Mortgage Trust | 4.790 | 08/10/46 | 1,590,554 | ||||||||||||
Series - 2013 CR10 (Class C) | |||||||||||||||||
1,135,000 | COMM Mortgage Trust | 4.199 | 03/10/47 | 1,222,864 | |||||||||||||
Series - 2014 UBS2 (Class AM) | |||||||||||||||||
1,300,384 | COMM Mortgage Trust | 4.701 | 03/10/47 | 1,409,332 | |||||||||||||
Series - 2014 UBS2 (Class B) | |||||||||||||||||
750,000 | COMM Mortgage Trust | 4.174 | 05/10/47 | 811,142 | |||||||||||||
Series - 2014 CR17 (Class AM) | |||||||||||||||||
6,400,000 | COMM Mortgage Trust | 3.917 | 10/10/47 | 6,992,849 | |||||||||||||
Series - 2014 LC17 (Class A5) | |||||||||||||||||
2,000,000 | i | COMM Mortgage Trust | 4.188 | 10/10/47 | 2,177,442 | ||||||||||||
Series - 2014 LC17 (Class AM) | |||||||||||||||||
1,646,643 | COMM Mortgage Trust | 3.040 | 02/10/48 | 1,721,327 | |||||||||||||
Series - 2015 LC19 (Class ASB) | |||||||||||||||||
1,400,000 | i | COMM Mortgage Trust | 3.829 | 02/10/48 | 1,490,727 | ||||||||||||
Series - 2015 LC19 (Class B) | |||||||||||||||||
1,500,000 | g | COMM Mortgage Trust | 3.000 | 03/10/48 | 1,178,997 | ||||||||||||
Series - 2015 CR22 (Class E) |
201 |
TIAA-CREF FUNDS - Core Bond Fund
REFERENCE | MATURITY | ||||||||||||||||
PRINCIPAL | ISSUER | RATE & SPREAD | RATE | DATE | VALUE | ||||||||||||
$ | 575,000 | i | COMM Mortgage Trust | 3.603 | % | 03/10/48 | $ | 620,199 | |||||||||
Series - 2015 CR22 (Class AM) | |||||||||||||||||
2,000,000 | g,i | COMM Mortgage Trust | 4.106 | 03/10/48 | 1,997,667 | ||||||||||||
Series - 2015 CR22 (Class D) | |||||||||||||||||
1,000,000 | i | COMM Mortgage Trust | 4.106 | 03/10/48 | 1,064,307 | ||||||||||||
Series - 2015 CR22 (Class C) | |||||||||||||||||
5,000,000 | COMM Mortgage Trust | 3.801 | 05/10/48 | 5,407,896 | |||||||||||||
Series - 2015 CR23 (Class AM) | |||||||||||||||||
3,826,295 | i | COMM Mortgage Trust | 4.183 | 05/10/48 | 4,122,628 | ||||||||||||
Series - 2015 CR23 (Class B) | |||||||||||||||||
1,250,000 | i | COMM Mortgage Trust | 4.293 | 05/10/48 | 1,329,282 | ||||||||||||
Series - 2015 CR23 (Class C) | |||||||||||||||||
2,500,000 | i | COMM Mortgage Trust | 4.293 | 05/10/48 | 2,537,769 | ||||||||||||
Series - 2015 CR23 (Class D) | |||||||||||||||||
2,561,088 | COMM Mortgage Trust | 3.432 | 08/10/48 | 2,771,691 | |||||||||||||
Series - 2015 CR24 (Class A4) | |||||||||||||||||
1,500,000 | i | COMM Mortgage Trust | 3.463 | 08/10/48 | 1,349,959 | ||||||||||||
Series - 2015 CR24 (Class D) | |||||||||||||||||
3,640,000 | i | COMM Mortgage Trust | 4.028 | 08/10/48 | 3,978,681 | ||||||||||||
Series - 2015 CR24 (Class AM) | |||||||||||||||||
1,000,000 | i | COMM Mortgage Trust | 4.380 | 08/10/48 | 1,095,126 | ||||||||||||
Series - 2015 CR24 (Class B) | |||||||||||||||||
2,000,000 | i | COMM Mortgage Trust | 4.380 | 08/10/48 | 2,127,856 | ||||||||||||
Series - 2015 CR24 (Class C) | |||||||||||||||||
2,250,000 | i | COMM Mortgage Trust | 4.534 | 08/10/48 | 2,467,919 | ||||||||||||
Series - 2015 CR25 (Class B) | |||||||||||||||||
7,600,000 | COMM Mortgage Trust | 3.630 | 10/10/48 | 8,309,677 | |||||||||||||
Series - 2015 CR26 (Class A4) | |||||||||||||||||
1,000,000 | COMM Mortgage Trust | 3.984 | 10/10/48 | 1,096,793 | |||||||||||||
Series - 2015 CR27 (Class AM) | |||||||||||||||||
1,000,000 | i | COMM Mortgage Trust | 4.480 | 10/10/48 | 1,103,591 | ||||||||||||
Series - 2015 CR26 (Class B) | |||||||||||||||||
500,000 | i | COMM Mortgage Trust | 4.480 | 10/10/48 | 540,615 | ||||||||||||
Series - 2015 CR26 (Class C) | |||||||||||||||||
2,400,000 | i | COMM Mortgage Trust | 4.617 | 10/10/48 | 2,578,184 | ||||||||||||
Series - 2015 LC23 (Class C) | |||||||||||||||||
1,080,000 | COMM Mortgage Trust | 3.762 | 02/10/49 | 1,189,448 | |||||||||||||
Series - 2016 CR28 (Class A4) | |||||||||||||||||
5,000,000 | i | COMM Mortgage Trust | 4.641 | 02/10/49 | 5,477,480 | ||||||||||||
Series - 2016 CR28 (Class B) | |||||||||||||||||
1,500,000 | i | COMM Mortgage Trust | 5.112 | 08/10/50 | 1,619,110 | ||||||||||||
Series - 2013 CR11 (Class B) | |||||||||||||||||
5,000,000 | COMM Mortgage Trust | 3.263 | 08/15/57 | 5,270,193 | |||||||||||||
Series - 2019 GC44 (Class AM) | |||||||||||||||||
2,986,212 | i | Connecticut Avenue Securities | LIBOR 1 M + 2.600% | 2.709 | 05/25/24 | 2,935,995 | |||||||||||
Series - 2014 C02 (Class 1M2) | |||||||||||||||||
188,450 | i | Connecticut Avenue Securities | LIBOR 1 M + 2.900% | 3.009 | 07/25/24 | 190,119 | |||||||||||
Series - 2014 C03 (Class 2M2) | |||||||||||||||||
7,477,880 | i | Connecticut Avenue Securities | LIBOR 1 M + 3.000% | 3.109 | 07/25/24 | 7,372,172 | |||||||||||
Series - 2014 C03 (Class 1M2) | |||||||||||||||||
668,813 | i | Connecticut Avenue Securities | LIBOR 1 M + 5.000% | 5.109 | 11/25/24 | 674,769 | |||||||||||
Series - 2014 C04 (Class 2M2) | |||||||||||||||||
537,201 | i | Connecticut Avenue Securities | LIBOR 1 M + 5.550% | 5.659 | 04/25/28 | 566,665 | |||||||||||
Series - 2015 C04 (Class 2M2) |
202 |
TIAA-CREF FUNDS - Core Bond Fund
REFERENCE | MATURITY | ||||||||||||||||
PRINCIPAL | ISSUER | RATE & SPREAD | RATE | DATE | VALUE | ||||||||||||
$ | 897,096 | i | Connecticut Avenue Securities | LIBOR 1 M + 5.700% | 5.809 | % | 04/25/28 | $ | 951,577 | ||||||||
Series - 2015 C04 (Class 1M2) | |||||||||||||||||
2,023,053 | i | Connecticut Avenue Securities | LIBOR 1 M + 6.750% | 6.859 | 08/25/28 | 2,139,641 | |||||||||||
Series - 2016 C01 (Class 1M2) | |||||||||||||||||
266,729 | i | Connecticut Avenue Securities | LIBOR 1 M + 6.000% | 6.109 | 09/25/28 | 280,967 | |||||||||||
Series - 2016 C02 (Class 1M2) | |||||||||||||||||
1,157,398 | i | Connecticut Avenue Securities | LIBOR 1 M + 5.900% | 6.009 | 10/25/28 | 1,224,020 | |||||||||||
Series - 2016 C03 (Class 2M2) | |||||||||||||||||
976,321 | i | Connecticut Avenue Securities | LIBOR 1 M + 4.450% | 4.559 | 01/25/29 | 1,015,813 | |||||||||||
Series - 2016 C05 (Class 2M2) | |||||||||||||||||
2,210,149 | i | Connecticut Avenue Securities | LIBOR 1 M + 4.250% | 4.359 | 04/25/29 | 2,300,851 | |||||||||||
Series - 2016 C06 (Class 1M2) | |||||||||||||||||
2,091,255 | i | Connecticut Avenue Securities | LIBOR 1 M + 0.850% | 0.959 | 09/25/29 | 2,041,805 | |||||||||||
Series - 2017 C02 (Class 2ED4) | |||||||||||||||||
381,032 | i | Connecticut Avenue Securities | LIBOR 1 M + 2.200% | 2.309 | 01/25/30 | 381,272 | |||||||||||
Series - 2017 C05 (Class 1M2A) | |||||||||||||||||
556,023 | i | Connecticut Avenue Securities | LIBOR 1 M + 2.200% | 2.309 | 01/25/30 | 561,419 | |||||||||||
Series - 2017 C05 (Class 1M2) | |||||||||||||||||
187,891 | i | Connecticut Avenue Securities | LIBOR 1 M + 2.250% | 2.359 | 07/25/30 | 188,009 | |||||||||||
Series - 2018 C01 (Class 1M2) | |||||||||||||||||
805,709 | i | Connecticut Avenue Securities | LIBOR 1 M + 0.850% | 0.959 | 10/25/30 | 800,427 | |||||||||||
Series - 2018 C03 (Class 1EA2) | |||||||||||||||||
762,408 | i | Connecticut Avenue Securities | LIBOR 1 M + 2.550% | 2.659 | 12/25/30 | 763,856 | |||||||||||
Series - 2018 C04 (Class 2M2) | |||||||||||||||||
1,904,873 | g,i | Connecticut Avenue Securities | LIBOR 1 M + 2.450% | 2.559 | 07/25/31 | 1,908,446 | |||||||||||
Series - 2019 R01 (Class 2M2) | |||||||||||||||||
3,544,501 | g,i | Connecticut Avenue Securities | LIBOR 1 M + 2.100% | 2.209 | 09/25/39 | 3,550,071 | |||||||||||
Series - 2019 R06 (Class 2M2) | |||||||||||||||||
8,321,408 | g,i | Connecticut Avenue Securities Trust | LIBOR 1 M + 2.400% | 2.550 | 04/25/31 | 8,334,423 | |||||||||||
Series - 2018 R07 (Class 1M2) | |||||||||||||||||
1,000,000 | g,i | CPT Mortgage Trust | 2.997 | 11/13/39 | 958,071 | ||||||||||||
Series - 2019 CPT (Class E) | |||||||||||||||||
1,097,118 | g,i | Credit Suisse Commercial Mortgage Trust | LIBOR 1 M + 0.650% | 0.759 | 05/25/36 | 1,098,137 | |||||||||||
Series - 2006 CF2 (Class M3) | |||||||||||||||||
2,971,157 | g,i | Credit Suisse Commercial Mortgage Trust | 3.500 | 02/25/48 | 3,016,084 | ||||||||||||
Series - 2018 J1 (Class A11) | |||||||||||||||||
3,000,000 | g,i | Credit Suisse Mortgage Capital Certificates | LIBOR 1 M + 1.600% | 1.706 | 05/15/36 | 3,001,886 | |||||||||||
Series - 2019 ICE4 (Class D) | |||||||||||||||||
2,500,000 | g,i | CSMC Series | 3.388 | 10/25/59 | 2,533,028 | ||||||||||||
Series - 2019 NQM1 (Class M1) | |||||||||||||||||
1,483,239 | g,i | CSMC Trust | 3.500 | 02/25/48 | 1,505,667 | ||||||||||||
Series - 2018 J1 (Class A2) | |||||||||||||||||
4,750,000 | DBGS Mortgage Trust | 4.466 | 10/15/51 | 5,447,767 | |||||||||||||
Series - 2018 C1 (Class A4) | |||||||||||||||||
5,000,000 | DBJPM Mortgage Trust | 2.340 | 09/15/53 | 4,890,677 | |||||||||||||
Series - 2020 C9 (Class AM) | |||||||||||||||||
1,040,000 | g | DBUBS Mortgage Trust | 3.452 | 10/10/34 | 1,108,661 | ||||||||||||
Series - 2017 BRBK (Class A) | |||||||||||||||||
3,230,000 | g,i | DBUBS Mortgage Trust | 5.615 | 07/10/44 | 3,189,255 | ||||||||||||
Series - 2011 LC2A (Class D) | |||||||||||||||||
1,100,000 | g,i | Ellington Financial Mortgage Trust | 3.587 | 06/25/59 | 1,102,701 | ||||||||||||
Series - 2019 1 (Class M1) |
203 |
TIAA-CREF FUNDS - Core Bond Fund
REFERENCE | MATURITY | ||||||||||||||||
PRINCIPAL | ISSUER | RATE & SPREAD | RATE | DATE | VALUE | ||||||||||||
$ | 888,690 | i | Fieldstone Mortgage Investment Trust | LIBOR 1 M + 0.735% | 0.844 | % | 12/25/35 | $ | 885,703 | ||||||||
Series - 2005 2 (Class M2) | |||||||||||||||||
2,211,735 | g,i | FirstKey Mortgage Trust | 3.500 | 11/25/44 | 2,251,355 | ||||||||||||
Series - 2014 1 (Class A8) | |||||||||||||||||
333,741 | g,i | Flagstar Mortgage Trust | 3.500 | 03/25/47 | 333,478 | ||||||||||||
Series - 2017 1 (Class 1A5) | |||||||||||||||||
1,298,082 | g,i | Flagstar Mortgage Trust | 4.106 | 10/25/47 | 1,345,838 | ||||||||||||
Series - 2017 2 (Class B3) | |||||||||||||||||
427,273 | g,i | Flagstar Mortgage Trust | 4.000 | 09/25/48 | 431,895 | ||||||||||||
Series - 2018 5 (Class A11) | |||||||||||||||||
1,584,730 | g,i | Freddie Mac Structured Agency Credit Risk Debt Notes | 3.726 | 02/25/48 | 1,583,837 | ||||||||||||
Series - 2018 SPI1 (Class M2) | |||||||||||||||||
1,932,504 | g,i | Freddie Mac Structured Agency Credit Risk Debt Notes | 3.809 | 05/25/48 | 1,930,179 | ||||||||||||
Series - 2018 SPI2 (Class M2) | |||||||||||||||||
858,195 | g,i | Freddie Mac Structured Agency Credit Risk Debt Notes | 4.489 | 11/25/48 | 857,789 | ||||||||||||
Series - 2018 SPI4 (Class M2B) | |||||||||||||||||
750,000 | g,i | FREMF Mortgage Trust | 4.021 | 03/25/49 | 825,180 | ||||||||||||
Series - 2016 K53 (Class B) | |||||||||||||||||
10,500,000 | g | GS Mortgage Securities Corp II | 3.419 | 10/10/32 | 10,733,847 | ||||||||||||
Series - 2017 SLP (Class A) | |||||||||||||||||
1,344,000 | g | GS Mortgage Securities Corp II | 3.551 | 04/10/34 | 1,363,111 | ||||||||||||
Series - 2012 ALOH (Class A) | |||||||||||||||||
2,590,000 | i | GS Mortgage Securities Corp II | 3.777 | 05/10/50 | 2,781,735 | ||||||||||||
Series - 2015 GC30 (Class AS) | |||||||||||||||||
3,010,000 | i | GS Mortgage Securities Corp II | 3.992 | 03/10/51 | 3,368,919 | ||||||||||||
Series - 2018 GS9 (Class A4) | |||||||||||||||||
1,500,000 | i | GS Mortgage Securities Corp II | 4.155 | 07/10/51 | 1,690,482 | ||||||||||||
Series - 2018 GS10 (Class A5) | |||||||||||||||||
2,000,000 | g,i | GS Mortgage Securities Trust | LIBOR 1 M + 1.450% | 1.556 | 07/15/31 | 1,976,405 | |||||||||||
Series - 2018 TWR (Class C) | |||||||||||||||||
2,500,000 | g,i | GS Mortgage Securities Trust | 4.285 | 02/10/46 | 2,583,761 | ||||||||||||
Series - 2013 GC10 (Class C) | |||||||||||||||||
8,000,000 | GS Mortgage Securities Trust | 3.467 | 03/10/50 | 8,616,516 | |||||||||||||
Series - 2017 GS5 (Class AAB) | |||||||||||||||||
9,100,951 | GS Mortgage Securities Trust | 3.674 | 03/10/50 | 10,028,654 | |||||||||||||
Series - 2017 GS5 (Class A4) | |||||||||||||||||
1,000,000 | i | GS Mortgage Securities Trust | 4.047 | 03/10/50 | 1,081,500 | ||||||||||||
Series - 2017 GS5 (Class B) | |||||||||||||||||
4,300,000 | GS Mortgage Securities Trust | 3.433 | 05/10/50 | 4,670,741 | |||||||||||||
Series - 2017 GS6 (Class A3) | |||||||||||||||||
3,000,000 | GS Mortgage Securities Trust | 3.837 | 11/10/50 | 3,305,942 | |||||||||||||
Series - 2017 GS8 (Class ABP) | |||||||||||||||||
1,260,000 | GS Mortgage Securities Trust | 3.968 | 02/10/52 | 1,409,874 | |||||||||||||
Series - 2019 GC38 (Class A4) | |||||||||||||||||
2,400,000 | i | GS Mortgage Securities Trust | 4.158 | 02/10/52 | 2,666,239 | ||||||||||||
Series - 2019 GC38 (Class AS) | |||||||||||||||||
1,000,000 | i | GS Mortgage Securities Trust | 4.761 | 02/10/52 | 1,079,146 | ||||||||||||
Series - 2019 GC38 (Class C) | |||||||||||||||||
1,500,000 | g,i | GS Mortgage Securities Trust | 3.501 | 07/10/52 | 1,570,241 | ||||||||||||
Series - 2019 GC40 (Class DBB) | |||||||||||||||||
5,500,000 | g,i | GS Mortgage Securities Trust | 3.550 | 07/10/52 | 5,680,298 | ||||||||||||
Series - 2019 GC40 (Class DBC) |
204 |
TIAA-CREF FUNDS - Core Bond Fund
REFERENCE | MATURITY | ||||||||||||||||
PRINCIPAL | ISSUER | RATE & SPREAD | RATE | DATE | VALUE | ||||||||||||
$ | 1,361,000 | i | GS Mortgage Securities Trust | 3.405 | % | 02/13/53 | $ | 1,421,510 | |||||||||
Series - 2020 GC45 (Class B) | |||||||||||||||||
5,500,000 | GS Mortgage Securities Trust | 2.012 | 12/12/53 | 5,281,989 | |||||||||||||
Series - 2020 GSA2 (Class A5) | |||||||||||||||||
797,257 | g,i | GS Mortgage-Backed Securities Corp Trust | 4.000 | 11/25/49 | 802,956 | ||||||||||||
Series - 2019 PJ2 (Class A1) | |||||||||||||||||
2,081,012 | g,i | GS Mortgage-Backed Securities Corp Trust | 4.000 | 11/25/49 | 2,092,553 | ||||||||||||
Series - 2019 PJ2 (Class A4) | |||||||||||||||||
2,373,128 | g,i | GS Mortgage-Backed Securities Corp Trust | 3.500 | 07/25/50 | 2,395,845 | ||||||||||||
Series - 2020 PJ2 (Class A4) | |||||||||||||||||
1,270,883 | i | HarborView Mortgage Loan Trust | LIBOR 1 M + 0.620% | 0.730 | 08/19/45 | 1,272,116 | |||||||||||
Series - 2005 11 (Class 2A1A) | |||||||||||||||||
2,000,000 | g | Hudson Yards Mortgage Trust | 2.835 | 08/10/38 | 2,100,281 | ||||||||||||
Series - 2016 10HY (Class A) | |||||||||||||||||
3,000,000 | g,i | Hudson Yards Mortgage Trust | 2.977 | 08/10/38 | 3,142,783 | ||||||||||||
Series - 2016 10HY (Class B) | |||||||||||||||||
3,500,000 | g,i | Hudson Yards Mortgage Trust | 2.977 | 08/10/38 | 3,621,786 | ||||||||||||
Series - 2016 10HY (Class C) | |||||||||||||||||
4,700,000 | g,i | Hudson Yards Mortgage Trust | 2.943 | 12/10/41 | 4,610,569 | ||||||||||||
Series - 2019 55HY (Class D) | |||||||||||||||||
2,750,000 | g,i | Hudson Yards Mortgage Trust | 2.943 | 12/10/41 | 2,621,636 | ||||||||||||
Series - 2019 55HY (Class E) | |||||||||||||||||
132,496 | i | Impac CMB Trust | LIBOR 1 M + 0.660% | 0.769 | 03/25/35 | 135,354 | |||||||||||
Series - 2004 11 (Class 2A1) | |||||||||||||||||
3,000,000 | g | JP Morgan Chase Commercial Mortgage Securities Corp | 4.379 | 07/05/31 | 3,181,898 | ||||||||||||
Series - 2018 AON (Class B) | |||||||||||||||||
1,700,000 | g,i | JP Morgan Chase Commercial Mortgage Securities Corp | 4.078 | 01/15/46 | 1,736,814 | ||||||||||||
Series - 2013 C13 (Class D) | |||||||||||||||||
1,500,000 | JP Morgan Chase Commercial Mortgage Securities Corp | 4.166 | 12/15/46 | 1,618,226 | |||||||||||||
Series - 2013 C16 (Class A4) | |||||||||||||||||
800,000 | JP Morgan Chase Commercial Mortgage Securities Corp | 3.372 | 12/15/47 | 831,135 | |||||||||||||
Series - 2013 C10 (Class AS) | |||||||||||||||||
750,000 | i | JP Morgan Chase Commercial Mortgage Securities Corp | 4.119 | 01/15/49 | 825,984 | ||||||||||||
Series - 2015 JP1 (Class AS) | |||||||||||||||||
500,000 | JP Morgan Chase Commercial Mortgage Securities Corp | 3.379 | 09/15/50 | 528,108 | |||||||||||||
Series - 2017 JP7 (Class A3) | |||||||||||||||||
1,790,861 | g,i | JP Morgan Mortgage Trust | LIBOR 1 M - 0.000% | 2.124 | 12/25/44 | 1,831,226 | |||||||||||
Series - 2015 1 (Class B1) | |||||||||||||||||
189,059 | g,i | JP Morgan Mortgage Trust | 3.500 | 05/25/45 | 191,484 | ||||||||||||
Series - 2015 3 (Class A19) | |||||||||||||||||
938,967 | g,i | JP Morgan Mortgage Trust | 3.500 | 10/25/45 | 948,890 | ||||||||||||
Series - 2015 6 (Class A13) | |||||||||||||||||
366,241 | g,i | JP Morgan Mortgage Trust | 3.500 | 05/25/46 | 371,237 | ||||||||||||
Series - 2016 1 (Class A13) | |||||||||||||||||
87,789 | g,i | JP Morgan Mortgage Trust | 3.500 | 01/25/47 | 87,914 | ||||||||||||
Series - 2017 1 (Class A3) |
205 |
TIAA-CREF FUNDS - Core Bond Fund
REFERENCE | MATURITY | ||||||||||||||||
PRINCIPAL | ISSUER | RATE & SPREAD | RATE | DATE | VALUE | ||||||||||||
$ | 2,838,847 | g,i | JP Morgan Mortgage Trust | 3.500 | % | 05/25/47 | $ | 2,880,668 | |||||||||
Series - 2017 2 (Class A13) | |||||||||||||||||
1,131,047 | g,i | JP Morgan Mortgage Trust | 3.500 | 09/25/48 | 1,128,244 | ||||||||||||
Series - 2018 3 (Class A13) | |||||||||||||||||
240,001 | g,i | JP Morgan Mortgage Trust | 3.500 | 10/25/48 | 240,443 | ||||||||||||
Series - 2018 4 (Class A5) | |||||||||||||||||
358,758 | g,i | JP Morgan Mortgage Trust | 3.500 | 10/25/48 | 363,827 | ||||||||||||
Series - 2018 4 (Class A13) | |||||||||||||||||
1,486,059 | g,i | JP Morgan Mortgage Trust | 3.500 | 10/25/48 | 1,508,215 | ||||||||||||
Series - 2018 5 (Class A13) | |||||||||||||||||
867,227 | g,i | JP Morgan Mortgage Trust | 3.115 | 10/26/48 | 887,468 | ||||||||||||
Series - 2017 5 (Class A2) | |||||||||||||||||
420,369 | g,i | JP Morgan Mortgage Trust | 4.000 | 01/25/49 | 429,808 | ||||||||||||
Series - 2018 8 (Class A13) | |||||||||||||||||
403,186 | g,i | JP Morgan Mortgage Trust | 4.000 | 02/25/49 | 410,143 | ||||||||||||
Series - 2018 9 (Class A13) | |||||||||||||||||
470,083 | g,i | JP Morgan Mortgage Trust | 4.000 | 05/25/49 | 478,203 | ||||||||||||
Series - 2019 1 (Class A3) | |||||||||||||||||
1,235,743 | g,i | JP Morgan Mortgage Trust | 4.757 | 09/25/49 | 1,306,196 | ||||||||||||
Series - 2019 3 (Class B1) | |||||||||||||||||
2,440,289 | g,i | JP Morgan Mortgage Trust | LIBOR 1 M + 0.950% | 1.059 | 10/25/49 | 2,457,573 | |||||||||||
Series - 2019 INV1 (Class A11) | |||||||||||||||||
3,735,394 | g,i | JP Morgan Mortgage Trust | 3.889 | 06/25/50 | 3,906,235 | ||||||||||||
Series - 2020 1 (Class B2) | |||||||||||||||||
1,000,000 | i | JPMBB Commercial Mortgage Securities Trust | 4.133 | 08/15/46 | 1,054,592 | ||||||||||||
Series - 2013 C14 (Class A4) | |||||||||||||||||
4,245,951 | JPMBB Commercial Mortgage Securities Trust | 3.493 | 08/15/47 | 4,460,767 | |||||||||||||
Series - 2014 C21 (Class A4) | |||||||||||||||||
2,640,000 | JPMBB Commercial Mortgage Securities Trust | 3.775 | 08/15/47 | 2,849,110 | |||||||||||||
Series - 2014 C21 (Class A5) | |||||||||||||||||
1,000,000 | JPMBB Commercial Mortgage Securities Trust | 3.898 | 02/15/48 | 1,050,724 | |||||||||||||
Series - 2015 C27 (Class B) | |||||||||||||||||
2,000,000 | i | JPMBB Commercial Mortgage Securities Trust | 3.917 | 05/15/48 | 2,174,638 | ||||||||||||
Series - 2015 C29 (Class AS) | |||||||||||||||||
1,600,000 | i | JPMBB Commercial Mortgage Securities Trust | 4.118 | 05/15/48 | 1,665,946 | ||||||||||||
Series - 2015 C29 (Class B) | |||||||||||||||||
3,000,000 | JPMBB Commercial Mortgage Securities Trust | 4.106 | 08/15/48 | 3,290,040 | |||||||||||||
Series - 2015 C31 (Class AS) | |||||||||||||||||
5,585,000 | i | JPMBB Commercial Mortgage Securities Trust | 4.620 | 08/15/48 | 6,120,989 | ||||||||||||
Series - 2015 C31 (Class B) | |||||||||||||||||
1,400,000 | JPMBB Commercial Mortgage Securities Trust | 3.227 | 10/15/48 | 1,496,967 | |||||||||||||
Series - 2015 C28 (Class A4) | |||||||||||||||||
1,400,000 | JPMBB Commercial Mortgage Securities Trust | 4.023 | 12/15/48 | 1,537,476 | |||||||||||||
Series - 2015 C33 (Class AS) | |||||||||||||||||
10,425,000 | JPMBB Commercial Mortgage Securities Trust | 3.576 | 03/15/49 | 11,388,851 | |||||||||||||
Series - 2016 C1 (Class A5) | |||||||||||||||||
1,700,000 | JPMCC Commercial Mortgage Securities Trust | 3.457 | 03/15/50 | 1,844,537 | |||||||||||||
Series - 2017 JP5 (Class A4) | |||||||||||||||||
6,000,000 | JPMDB Commercial Mortgage Securities Trust | 2.536 | 05/13/53 | 6,029,018 | |||||||||||||
Series - 2020 COR7 (Class AS) | |||||||||||||||||
1,770,977 | g | Ladder Capital Commercial Mortgage Securities | 3.575 | 02/15/36 | 1,895,512 | ||||||||||||
Series - 2013 GCP (Class A1) | |||||||||||||||||
3,238,551 | g | LSTAR Commercial Mortgage Trust | 2.579 | 03/10/49 | 3,287,883 | ||||||||||||
Series - 2016 4 (Class A2) |
206 |
TIAA-CREF FUNDS - Core Bond Fund
REFERENCE | MATURITY | ||||||||||||||||
PRINCIPAL | ISSUER | RATE & SPREAD | RATE | DATE | VALUE | ||||||||||||
$ | 12,000,000 | g,i | MAD Mortgage Trust | 2.976 | % | 08/15/34 | $ | 12,492,976 | |||||||||
Series - 2017 330M (Class A) | |||||||||||||||||
1,500,000 | g,i | Manhattan West | 2.335 | 09/10/39 | 1,503,624 | ||||||||||||
Series - 2020 1MW (Class B) | |||||||||||||||||
3,000,000 | g,i | Manhattan West | 2.335 | 09/10/39 | 2,978,921 | ||||||||||||
Series - 2020 1MW (Class C) | |||||||||||||||||
2,528,381 | i | Merrill Lynch Mortgage Investors Trust | LIBOR 1 M + 0.520% | 2.278 | 01/25/37 | 2,442,868 | |||||||||||
Series - 2006 WMC1 (Class A1B) | |||||||||||||||||
5,000,000 | Morgan Stanley Bank of America Merrill Lynch Trust | 3.476 | 11/15/45 | 5,161,807 | |||||||||||||
Series - 2012 C6 (Class AS) | |||||||||||||||||
2,969,062 | g | Morgan Stanley Bank of America Merrill Lynch Trust | 3.989 | 12/15/46 | 3,110,244 | ||||||||||||
Series - 2014 C19 (Class LNC1) | |||||||||||||||||
938,092 | g | Morgan Stanley Bank of America Merrill Lynch Trust | 4.384 | 12/15/46 | 980,267 | ||||||||||||
Series - 2014 C19 (Class LNC2) | |||||||||||||||||
2,070,000 | Morgan Stanley Bank of America Merrill Lynch Trust | 3.832 | 12/15/47 | 2,228,884 | |||||||||||||
Series - 2014 C19 (Class AS) | |||||||||||||||||
109,893 | Morgan Stanley Bank of America Merrill Lynch Trust | 3.069 | 02/15/48 | 114,660 | |||||||||||||
Series - 2015 C20 (Class ASB) | |||||||||||||||||
2,500,000 | Morgan Stanley Bank of America Merrill Lynch Trust | 3.338 | 03/15/48 | 2,680,095 | |||||||||||||
Series - 2015 C21 (Class A4) | |||||||||||||||||
3,360,000 | Morgan Stanley Bank of America Merrill Lynch Trust | 3.561 | 04/15/48 | 3,581,392 | |||||||||||||
Series - 2015 C22 (Class AS) | |||||||||||||||||
374,543 | i | Morgan Stanley Capital I Trust | LIBOR 1 M + 0.825% | 0.934 | 08/25/34 | 371,047 | |||||||||||
Series - 2004 HE6 (Class M1) | |||||||||||||||||
13,000,000 | Morgan Stanley Capital I Trust | 2.606 | 08/15/49 | 13,584,610 | |||||||||||||
Series - 2016 UB11 (Class ASB) | |||||||||||||||||
414,241 | †,i | Morgan Stanley Capital I Trust | 6.099 | 12/12/49 | 233,632 | ||||||||||||
Series - 2007 IQ16 (Class AJ) | |||||||||||||||||
1,300,000 | Morgan Stanley Capital I Trust | 3.587 | 12/15/50 | 1,424,415 | |||||||||||||
Series - 2017 HR2 (Class A4) | |||||||||||||||||
1,000,000 | Morgan Stanley Capital I Trust | 4.177 | 07/15/51 | 1,119,085 | |||||||||||||
Series - 2018 H3 (Class A5) | |||||||||||||||||
3,142,000 | i | Morgan Stanley Capital I Trust | 4.429 | 07/15/51 | 3,544,284 | ||||||||||||
Series - 2018 H3 (Class AS) | |||||||||||||||||
1,500,000 | g | MRCD Mortgage Trust | 2.718 | 12/15/36 | 1,481,012 | ||||||||||||
Series - 2019 PARK (Class E) | |||||||||||||||||
1,500,000 | g,i | MSDB Trust | 3.316 | 07/11/39 | 1,578,283 | ||||||||||||
Series - 2017 712F (Class A) | |||||||||||||||||
6,300,000 | g,i | Natixis Commercial Mortgage Securities Trust | LIBOR 1 M + 1.500% | 1.606 | 07/15/36 | 6,318,347 | |||||||||||
Series - 2019 MILE (Class A) | |||||||||||||||||
2,500,000 | g,i | Natixis Commercial Mortgage Securities Trust | LIBOR 1 M + 1.800% | 1.906 | 07/15/36 | 2,504,021 | |||||||||||
Series - 2019 MILE (Class B) | |||||||||||||||||
1,000,000 | g | Natixis Commercial Mortgage Securities Trust | 2.707 | 10/15/36 | 1,003,632 | ||||||||||||
Series - 2019 1776 (Class B) | |||||||||||||||||
2,000,000 | g | Natixis Commercial Mortgage Securities Trust | 2.966 | 12/15/38 | 2,073,136 | ||||||||||||
Series - 2020 2PAC (Class A) |
207 |
TIAA-CREF FUNDS - Core Bond Fund
REFERENCE | MATURITY | ||||||||||||||||
PRINCIPAL | ISSUER | RATE & SPREAD | RATE | DATE | VALUE | ||||||||||||
$ | 278,495 | g,i | New Residential Mortgage Loan Trust | 4.000 | % | 02/25/57 | $ | 298,648 | |||||||||
Series - 2017 1A (Class A1) | |||||||||||||||||
291,093 | g,i | New Residential Mortgage Loan Trust | 4.000 | 08/27/57 | 311,565 | ||||||||||||
Series - 2017 6A (Class A1) | |||||||||||||||||
303,524 | g,i | New Residential Mortgage Loan Trust | 4.750 | 12/25/57 | 320,652 | ||||||||||||
Series - 2018 5A (Class A1) | |||||||||||||||||
268,620 | i | New York Mortgage Trust | LIBOR 1 M + 0.480% | 0.589 | 02/25/36 | 269,074 | |||||||||||
Series - 2005 3 (Class A1) | |||||||||||||||||
819,142 | g,i | OBX Trust | LIBOR 1 M + 0.650% | 0.759 | 06/25/57 | 820,780 | |||||||||||
Series - 2018 1 (Class A2) | |||||||||||||||||
568,827 | g,i | OBX Trust | LIBOR 1 M + 0.750% | 0.859 | 07/25/58 | 568,967 | |||||||||||
Series - 2018 EXP2 (Class 2A1A) | |||||||||||||||||
18,445,000 | g | One Market Plaza Trust | 3.614 | 02/10/32 | 18,862,397 | ||||||||||||
Series - 2017 1MKT (Class A) | |||||||||||||||||
1,000,000 | g | RBS Commercial Funding, Inc Trust | 3.511 | 03/11/31 | 1,005,524 | ||||||||||||
Series - 2013 SMV (Class B) | |||||||||||||||||
682,399 | g,i | Sequoia Mortgage Trust | 3.500 | 05/25/45 | 694,361 | ||||||||||||
Series - 2015 2 (Class A1) | |||||||||||||||||
375,707 | g,i | Sequoia Mortgage Trust | 3.500 | 11/25/46 | 378,222 | ||||||||||||
Series - 2016 3 (Class A10) | |||||||||||||||||
42,733 | g,i | Sequoia Mortgage Trust | 3.500 | 02/25/47 | 42,881 | ||||||||||||
Series - 2017 1 (Class A4) | |||||||||||||||||
1,313,991 | g,i | Sequoia Mortgage Trust | 3.500 | 02/25/47 | 1,318,217 | ||||||||||||
Series - 2017 2 (Class A4) | |||||||||||||||||
572,099 | g,i | Sequoia Mortgage Trust | 3.500 | 02/25/47 | 580,295 | ||||||||||||
Series - 2017 2 (Class A19) | |||||||||||||||||
1,219,881 | g,i | Sequoia Mortgage Trust | 3.500 | 04/25/47 | 1,223,042 | ||||||||||||
Series - 2017 3 (Class A4) | |||||||||||||||||
46,965 | g,i | Sequoia Mortgage Trust | 3.500 | 04/25/47 | 47,598 | ||||||||||||
Series - 2017 3 (Class A19) | |||||||||||||||||
16,102 | g,i | Sequoia Mortgage Trust | 3.500 | 09/25/47 | 16,104 | ||||||||||||
Series - 2017 6 (Class A4) | |||||||||||||||||
892,198 | g,i | Sequoia Mortgage Trust | 3.749 | 09/25/47 | 945,152 | ||||||||||||
Series - 2017 6 (Class B1) | |||||||||||||||||
1,354,606 | g,i | Sequoia Mortgage Trust | 3.500 | 02/25/48 | 1,380,540 | ||||||||||||
Series - 2018 2 (Class A1) | |||||||||||||||||
1,920,397 | g,i | Sequoia Mortgage Trust | 3.500 | 03/25/48 | 1,957,001 | ||||||||||||
Series - 2018 3 (Class A1) | |||||||||||||||||
68,814 | g,i | Sequoia Mortgage Trust | 3.500 | 03/25/48 | 68,818 | ||||||||||||
Series - 2018 3 (Class A4) | |||||||||||||||||
261,361 | g,i | Sequoia Mortgage Trust | 4.000 | 09/25/48 | 265,396 | ||||||||||||
Series - 2018 7 (Class A19) | |||||||||||||||||
103,135 | g,i | Sequoia Mortgage Trust | 4.000 | 11/25/48 | 104,250 | ||||||||||||
Series - 2018 8 (Class A19) | |||||||||||||||||
1,562,797 | g,i | Sequoia Mortgage Trust | 4.000 | 06/25/49 | 1,591,517 | ||||||||||||
Series - 2019 2 (Class A1) | |||||||||||||||||
542,466 | g,i | Sequoia Mortgage Trust | 4.000 | 06/25/49 | 549,455 | ||||||||||||
Series - 2019 2 (Class A19) | |||||||||||||||||
3,411,148 | g,i | Sequoia Mortgage Trust | 3.500 | 11/25/49 | 3,450,495 | ||||||||||||
Series - 2019 4 (Class A1) | |||||||||||||||||
6,668,244 | g,i | Sequoia Mortgage Trust | 3.500 | 12/25/49 | 6,732,360 | ||||||||||||
Series - 2019 5 (Class A1) | |||||||||||||||||
3,850,343 | g,i | Sequoia Mortgage Trust | 3.500 | 12/25/49 | 3,887,364 | ||||||||||||
Series - 2019 5 (Class A19) |
208 |
TIAA-CREF FUNDS - Core Bond Fund
REFERENCE | MATURITY | ||||||||||||||||
PRINCIPAL | ISSUER | RATE & SPREAD | RATE | DATE | VALUE | ||||||||||||
$ | 2,959,527 | g,i | Sequoia Mortgage Trust | 3.500 | % | 03/25/50 | $ | 3,021,654 | |||||||||
Series - 2020 2 (Class A1) | |||||||||||||||||
4,778,212 | g,i | Sequoia Mortgage Trust | 3.000 | 04/25/50 | 4,886,653 | ||||||||||||
Series - 2020 3 (Class A19) | |||||||||||||||||
79,118 | g,i | Shellpoint Co-Originator Trust | 3.500 | 11/25/46 | 79,535 | ||||||||||||
Series - 2016 1 (Class 1A10) | |||||||||||||||||
546,768 | g,i | Shellpoint Co-Originator Trust | 3.500 | 04/25/47 | 554,483 | ||||||||||||
Series - 2017 1 (Class A19) | |||||||||||||||||
40,992 | i | Structured Agency Credit Risk Debt Note (STACR) | LIBOR 1 M + 4.150% | 4.259 | 01/25/25 | 40,992 | |||||||||||
Series - 2015 DN1 (Class M3) | |||||||||||||||||
2,622,620 | i | STACR | LIBOR 1 M + 4.650% | 4.759 | 10/25/28 | 2,744,263 | |||||||||||
Series - 2016 DNA2 (Class M3) | |||||||||||||||||
9,303,976 | i | STACR | LIBOR 1 M + 3.250% | 3.359 | 07/25/29 | 9,560,646 | |||||||||||
Series - 2017 DNA1 (Class M2) | |||||||||||||||||
602,920 | i | STACR | LIBOR 1 M + 1.200% | 1.309 | 10/25/29 | 603,683 | |||||||||||
Series - 2017 DNA2 (Class M1) | |||||||||||||||||
424,825 | i | STACR | LIBOR 1 M + 1.800% | 1.909 | 07/25/30 | 421,893 | |||||||||||
Series - 2018 DNA1 (Class M2) | |||||||||||||||||
2,165,784 | i | STACR | LIBOR 1 M + 2.300% | 2.472 | 08/25/30 | 2,165,783 | |||||||||||
Series - 2018 HQA1 (Class M2) | |||||||||||||||||
485,187 | g,i | STACR | 4.023 | 09/25/47 | 484,627 | ||||||||||||
Series - 2017 SPI1 (Class M2) | |||||||||||||||||
455,470 | g,i | STACR | 4.148 | 08/25/48 | 454,382 | ||||||||||||
Series - 2018 SPI3 (Class M2) | |||||||||||||||||
254,121 | g,i | STACR | 4.489 | 11/25/48 | 253,805 | ||||||||||||
Series - 2018 SPI4 (Class M2) | |||||||||||||||||
906,199 | g,i | STACR | LIBOR 1 M + 1.950% | 2.059 | 10/25/49 | 905,350 | |||||||||||
Series - 2019 DNA4 (Class M2) | |||||||||||||||||
1,058,595 | g,i | STACR | LIBOR 1 M + 2.050% | 2.159 | 11/25/49 | 1,058,595 | |||||||||||
Series - 2019 HQA4 (Class M2) | |||||||||||||||||
796,748 | g,i | STACR | LIBOR 1 M + 1.700% | 1.809 | 12/25/49 | 794,093 | |||||||||||
Series - 2020 DNA1 (Class M2) | |||||||||||||||||
1,770,000 | g,i | STACR | LIBOR 1 M + 1.850% | 1.959 | 02/25/50 | 1,763,140 | |||||||||||
Series - 2020 DNA2 (Class M2) | |||||||||||||||||
3,005,000 | g,i | STACR | LIBOR 1 M + 3.100% | 3.209 | 03/25/50 | 3,038,748 | |||||||||||
Series - 2020 HQA2 (Class M2) | |||||||||||||||||
296,191 | g,i | STACR | LIBOR 1 M + 1.100% | 1.209 | 07/27/50 | 296,331 | |||||||||||
Series - 2020 HQA2 (Class M1) | |||||||||||||||||
650,000 | g | Tricon American Homes | 2.049 | 07/17/38 | 646,076 | ||||||||||||
Series - 2020 SFR1 (Class B) | |||||||||||||||||
1,000,000 | g,i | UBS-Barclays Commercial Mortgage Trust | 3.649 | 03/10/46 | 1,015,263 | ||||||||||||
Series - 2013 C5 (Class B) | |||||||||||||||||
2,000,000 | g,i | UBS-Barclays Commercial Mortgage Trust | 3.875 | 04/10/46 | 2,019,701 | ||||||||||||
Series - 2013 C6 (Class B) | |||||||||||||||||
3,285,000 | g | UBS-Citigroup Commercial Mortgage Trust | 5.154 | 01/10/45 | 3,352,425 | ||||||||||||
Series - 2011 C1 (Class AS) | |||||||||||||||||
1,807,536 | g | VERUS A3 (Step Bond) | 1.733 | 05/25/65 | 1,808,154 | ||||||||||||
Series - 2020 5 (Class A3) | |||||||||||||||||
2,200,000 | g,i | Verus Securitization Trust | 3.781 | 05/25/59 | 2,175,419 | ||||||||||||
Series - 2019 2 (Class M1) | |||||||||||||||||
2,200,000 | g,i | Verus Securitization Trust | 3.139 | 07/25/59 | 2,202,789 | ||||||||||||
Series - 2019 3 (Class M1) |
209 |
TIAA-CREF FUNDS - Core Bond Fund
MATURITY | |||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | |||||||||||
$ | 1,638,048 | g | VSE VOI Mortgage LLC | 2.330 | % | 03/20/35 | $ | 1,668,961 | |||||||
Series - 2017 A (Class A) | |||||||||||||||
1,468,098 | g | VSE VOI Mortgage LLC | 4.020 | 02/20/36 | 1,522,785 | ||||||||||
Series - 2018 A (Class C) | |||||||||||||||
8,200,000 | Wells Fargo Commercial Mortgage Trust | 3.539 | 10/15/45 | 8,493,273 | |||||||||||
Series - 2012 LC5 (Class AS) | |||||||||||||||
2,272,000 | Wells Fargo Commercial Mortgage Trust | 3.540 | 05/15/48 | 2,471,364 | |||||||||||
Series - 2015 C28 (Class A4) | |||||||||||||||
2,100,000 | i | Wells Fargo Commercial Mortgage Trust | 3.658 | 05/15/48 | 2,211,198 | ||||||||||
Series - 2015 NXS1 (Class B) | |||||||||||||||
2,000,000 | i | Wells Fargo Commercial Mortgage Trust | 4.147 | 05/15/48 | 2,034,439 | ||||||||||
Series - 2015 NXS1 (Class D) | |||||||||||||||
350,000 | Wells Fargo Commercial Mortgage Trust | 3.637 | 06/15/48 | 382,284 | |||||||||||
Series - 2015 C29 (Class A4) | |||||||||||||||
5,055,000 | Wells Fargo Commercial Mortgage Trust | 2.825 | 10/15/49 | 5,311,812 | |||||||||||
Series - 2016 LC24 (Class ASB) | |||||||||||||||
1,654,483 | Wells Fargo Commercial Mortgage Trust | 2.749 | 03/15/50 | 1,675,961 | |||||||||||
Series - 2017 RB1 (Class A2) | |||||||||||||||
387,000 | Wells Fargo Commercial Mortgage Trust | 3.635 | 03/15/50 | 425,581 | |||||||||||
Series - 2017 RB1 (Class A5) | |||||||||||||||
2,000,000 | Wells Fargo Commercial Mortgage Trust | 3.757 | 03/15/50 | 2,184,188 | |||||||||||
Series - 2017 RB1 (Class AS) | |||||||||||||||
2,900,000 | Wells Fargo Commercial Mortgage Trust | 3.184 | 04/15/50 | 3,113,238 | |||||||||||
Series - 2015 LC20 (Class A5) | |||||||||||||||
1,720,000 | Wells Fargo Commercial Mortgage Trust | 3.467 | 04/15/50 | 1,836,558 | |||||||||||
Series - 2015 LC20 (Class AS) | |||||||||||||||
2,000,000 | i | Wells Fargo Commercial Mortgage Trust | 4.012 | 03/15/51 | 2,233,649 | ||||||||||
Series - 2018 C43 (Class A4) | |||||||||||||||
3,290,000 | Wells Fargo Commercial Mortgage Trust | 4.302 | 01/15/52 | 3,737,217 | |||||||||||
Series - 2018 C48 (Class A5) | |||||||||||||||
2,500,000 | i | Wells Fargo Commercial Mortgage Trust | 3.972 | 09/15/57 | 2,735,184 | ||||||||||
Series - 2015 NXS3 (Class AS) | |||||||||||||||
3,350,000 | Wells Fargo Commercial Mortgage Trust | 3.952 | 01/15/59 | 3,662,537 | |||||||||||
Series - 2016 C32 (Class AS) | |||||||||||||||
2,500,000 | i | Wells Fargo Commercial Mortgage Trust | 4.721 | 01/15/59 | 2,760,458 | ||||||||||
Series - 2016 C32 (Class B) | |||||||||||||||
1,000,000 | Wells Fargo Commercial Mortgage Trust | 2.933 | 11/15/59 | 1,055,860 | |||||||||||
Series - 2016 C36 (Class ASB) | |||||||||||||||
630,751 | g,i | Wells Fargo Mortgage Backed Securities Trust | 4.000 | 04/25/49 | 638,629 | ||||||||||
Series - 2019 2 (Class A17) | |||||||||||||||
3,852,913 | g,i | Wells Fargo Mortgage Backed Securities Trust | 3.500 | 09/25/49 | 3,939,823 | ||||||||||
Series - 2019 4 (Class A1) | |||||||||||||||
1,000,000 | WFRBS Commercial Mortgage Trust | 3.345 | 05/15/45 | 1,043,168 | |||||||||||
Series - 2013 C13 (Class AS) | |||||||||||||||
3,686,709 | i | WFRBS Commercial Mortgage Trust | 4.079 | 03/15/46 | 3,960,238 | ||||||||||
Series - 2013 UBS1 (Class A4) | |||||||||||||||
1,000,000 | i | WFRBS Commercial Mortgage Trust | 4.162 | 12/15/46 | 1,083,999 | ||||||||||
Series - 2013 C18 (Class A5) | |||||||||||||||
1,664,000 | i | WFRBS Commercial Mortgage Trust | 4.862 | 12/15/46 | 1,694,987 | ||||||||||
Series - 2013 C18 (Class C) | |||||||||||||||
2,225,281 | WFRBS Commercial Mortgage Trust | 3.995 | 05/15/47 | 2,410,225 | |||||||||||
Series - 2014 C20 (Class A5) | |||||||||||||||
415,920 | g,i | WinWater Mortgage Loan Trust | 3.854 | 06/20/44 | 421,564 | ||||||||||
Series - 2014 1 (Class B4) | |||||||||||||||
TOTAL OTHER MORTGAGE BACKED | 671,606,883 |
210 |
TIAA-CREF FUNDS - Core Bond Fund
MATURITY | |||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | |||||||||||
TOTAL STRUCTURED ASSETS | $ | 1,304,216,981 | |||||||||||||
(Cost $1,293,067,707) | |||||||||||||||
TOTAL BONDS | 8,287,869,616 | ||||||||||||||
(Cost $8,138,180,287) | |||||||||||||||
SHARES | COMPANY | ||||||||||||||
COMMON STOCKS - 0.0% | |||||||||||||||
MATERIALS - 0.0% | |||||||||||||||
24,263,919 | * | Petra Diamonds | 503,626 | ||||||||||||
TOTAL MATERIALS | 503,626 | ||||||||||||||
MEDIA & ENTERTAINMENT - 0.0% | |||||||||||||||
25,944 | * | Cirque Du Soleil Holding USA Newco, Inc | 193,283 | ||||||||||||
TOTAL MEDIA & ENTERTAINMENT | 193,283 | ||||||||||||||
TOTAL COMMON STOCKS | 696,909 | ||||||||||||||
(Cost $591,088) | |||||||||||||||
PREFERRED STOCKS - 0.1% | |||||||||||||||
BANKS - 0.1% | |||||||||||||||
142,800 | Bank of America Corp | 3,570,000 | |||||||||||||
250,000 | * | JPMorgan Chase & Co | 6,405,000 | ||||||||||||
TOTAL BANKS | 9,975,000 | ||||||||||||||
TOTAL PREFERRED STOCKS | 9,975,000 | ||||||||||||||
(Cost $9,820,000) | |||||||||||||||
PRINCIPAL | ISSUER | ||||||||||||||
SHORT-TERM INVESTMENTS - 16.9% | |||||||||||||||
GOVERNMENT AGENCY DEBT - 9.6% | |||||||||||||||
$ | 20,000,000 | Federal Farm Credit Bank (FFCB) | 0.030 | % | 04/08/21 | 20,000,000 | |||||||||
10,000,000 | FFCB | 0.040 | 04/12/21 | 10,000,000 | |||||||||||
25,000,000 | FFCB | 0.040 | 04/13/21 | 25,000,000 | |||||||||||
19,844,000 | FFCB | 0.090 | 05/17/21 | 19,843,747 | |||||||||||
20,000,000 | FFCB | 0.090 | 06/10/21 | 19,999,222 | |||||||||||
5,000,000 | FFCB | 0.050 | 08/27/21 | 4,999,383 | |||||||||||
23,672,000 | FFCB | 0.070 | 12/01/21 | 23,663,978 | |||||||||||
15,000,000 | FFCB | 0.080 | 12/14/21 | 14,994,646 | |||||||||||
33,333,000 | FFCB | 0.080 | 02/15/22 | 33,315,223 | |||||||||||
16,141,000 | Federal Home Loan Bank (FHLB) | 0.026 | 04/07/21 | 16,141,000 | |||||||||||
51,032,000 | FHLB | 0.085 | 04/09/21 | 51,032,000 | |||||||||||
34,475,000 | FHLB | 0.085 | 04/13/21 | 34,475,000 | |||||||||||
89,496,000 | FHLB | 0.085 | 04/14/21 | 89,496,000 | |||||||||||
14,289,000 | FHLB | 0.020 | 04/16/21 | 14,289,000 | |||||||||||
12,500,000 | FHLB | 0.040 | 04/22/21 | 12,500,000 | |||||||||||
81,803,000 | FHLB | 0.033 | 04/23/21 | 81,803,000 | |||||||||||
24,442,000 | FHLB | 0.010 | 05/03/21 | 24,441,783 | |||||||||||
11,144,000 | FHLB | 0.025 | 05/07/21 | 11,143,889 |
211 |
TIAA-CREF FUNDS - Core Bond Fund
MATURITY | |||||||||||||||
PRINCIPAL | ISSUER | RATE | DATE | VALUE | |||||||||||
$ | 55,760,000 | FHLB | 0.035 | % | 05/10/21 | $ | 55,759,396 | ||||||||
82,581,000 | FHLB | 0.039 | 05/12/21 | 82,580,059 | |||||||||||
22,000,000 | FHLB | 0.085 | 06/02/21 | 21,999,242 | |||||||||||
10,000,000 | FHLB | 0.087 | 07/09/21 | 9,999,175 | |||||||||||
25,000,000 | FHLB | 0.090 | 07/21/21 | 24,997,687 | |||||||||||
20,000,000 | FHLB | 0.053 | 08/13/21 | 19,997,767 | |||||||||||
45,340,000 | FHLB | 0.058 | 08/18/21 | 45,334,748 | |||||||||||
40,710,000 | FHLB | 0.060 | 09/01/21 | 40,703,079 | |||||||||||
20,000,000 | FHLB | 0.058 | 09/08/21 | 19,996,444 | |||||||||||
7,000,000 | FHLB | 0.025 | 09/15/21 | 6,998,701 | |||||||||||
TOTAL GOVERNMENT AGENCY DEBT | 835,504,169 | ||||||||||||||
TREASURY DEBT - 7.1% | |||||||||||||||
53,800,000 | Egypt Treasury Bill | 0.000 | 05/18/21 | 3,374,515 | |||||||||||
67,900,000 | Egypt Treasury Bill | 0.000 | 09/14/21 | 4,077,383 | |||||||||||
32,000,000 | Ukraine Treasury Bill | 0.000 | 10/27/21 | 1,088,516 | |||||||||||
26,767,000 | United States Cash Management Bill | 0.088 | 06/22/21 | 26,766,207 | |||||||||||
20,996,000 | United States Cash Management Bill | 0.040 | 07/06/21 | 20,995,272 | |||||||||||
74,090,000 | United States Treasury Bill | 0.036 | 04/08/21 | 74,089,928 | |||||||||||
10,000,000 | United States Treasury Bill | 0.021 | 04/13/21 | 9,999,983 | |||||||||||
123,371,000 | United States Treasury Bill | 0.088 | 04/20/21 | 123,369,860 | |||||||||||
36,235,000 | United States Treasury Bill | 0.088 | 04/27/21 | 36,234,608 | |||||||||||
25,000,000 | United States Treasury Bill | 0.095 | 04/29/21 | 24,999,806 | |||||||||||
10,000,000 | United States Treasury Bill | 0.025 | 05/04/21 | 9,999,840 | |||||||||||
51,745,000 | United States Treasury Bill | 0.090 | 05/06/21 | 51,744,371 | |||||||||||
15,005,000 | United States Treasury Bill | 0.088 | 05/18/21 | 15,004,486 | |||||||||||
25,000,000 | United States Treasury Bill | 0.036 | 05/20/21 | 24,999,489 | |||||||||||
26,240,000 | United States Treasury Bill | 0.041 | 05/27/21 | 26,239,490 | |||||||||||
50,000,000 | United States Treasury Bill | 0.092 | 06/03/21 | 49,998,687 | |||||||||||
25,000,000 | United States Treasury Bill | 0.033 | 06/17/21 | 24,999,198 | |||||||||||
56,820,000 | United States Treasury Bill | 0.101 | 06/24/21 | 56,818,343 | |||||||||||
25,000,000 | United States Treasury Bill | 0.088 | 07/08/21 | 24,998,724 | |||||||||||
TOTAL TREASURY DEBT | 609,798,706 | ||||||||||||||
SHARES | COMPANY | ||||||||||||||
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.2% | |||||||||||||||
21,209,160 | c | State Street Navigator Securities Lending Government Money Market Portfolio | 0.030 | 21,209,160 | |||||||||||
TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES | 21,209,160 | ||||||||||||||
TOTAL SHORT-TERM INVESTMENTS | 1,466,512,035 | ||||||||||||||
(Cost $1,466,405,902) | |||||||||||||||
TOTAL INVESTMENTS - 114.6% | 9,973,246,942 | ||||||||||||||
(Cost $9,824,409,954) | |||||||||||||||
OTHER ASSETS & LIABILITIES, NET - (14.6)% | (1,270,023,779 | ) | |||||||||||||
NET ASSETS - 100.0% | $ | 8,703,223,163 |
212 |
TIAA-CREF FUNDS - Core Bond Fund
Abbreviation(s): | |||
BRL | Brazilian Real | ||
CNY | Chinese Yuan | ||
COP | Colombian Peso | ||
DOP | Dominican Republic Peso | ||
EGP | Egyptian Pound | ||
EUR | Euro | ||
IDR | Indonesian Rupiah | ||
INR | Indian Rupee | ||
LIBOR | London Interbank Offered Rate | ||
M | Month | ||
MXN | Mexican Peso | ||
MYR | Malaysian Ringgit | ||
PEN | Peruvian Sol | ||
REIT | Real Estate Investment Trust | ||
RSD | Serbian Dinar | ||
RUB | Russian Ruble | ||
THB | Thai Baht | ||
UAH | Ukrainian Hryvnia | ||
UYU | Uruguayan Peso | ||
ZAR | South African Rand | ||
* | Non-income producing | ||
† | Security is categorized as Level 3 in the fair value hierarchy. | ||
‡ | Perpetual security | ||
c | Investments made with cash collateral received from securities on loan. | ||
e | All or a portion of these securities are out on loan. The aggregate value of securities on loan is $20,582,500. | ||
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 3/31/2021, the aggregate value of these securities is $1,834,129,646 or 21.1% 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. | ||
o | Payment in Kind Bond | ||
s | All or a portion of these securities represent an outstanding unfunded commitment. |
213 |
TIAA-CREF FUNDS - Core Bond Fund
Forward foreign currency contracts outstanding as of March 31, 2021 were as follows:
Currency to be purchased | Receive | Currency to be sold | Deliver | Counterparty | Settlement date | Unrealized appreciation (depreciation) | ||||||||||||||
$ | 2,535,059 | EUR | 2,080,386 | AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED | 04/22/21 | $ | 94,277 |
Abbreviation(s): | |||
EUR | Euro |
Centrally cleared credit default swap contracts outstanding as of March 31, 2021 were as follows:
PURCHASED
Reference entity | Terms of payments to be paid | Terms of payments to be received | Counterparty | Fixed rate payment frequency | Maturity date | Notional amount* | Value | Premiums paid (received) | Variation margin | Unrealized appreciation (depreciation) | ||||||||||||||
CDX-NAHYS36V1-5Y | 5.000% | Credit event as specified in contract | Citigroup Global Markets, Inc | Quarterly | 06/20/26 | 35,000,000 | $(3,170,191) | $(2,980,622) | $ | (155,280) | $ | (189,569 | ) |
* | The maximum potential amount the Account 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. |
214 |
TIAA-CREF FUNDS - Core Impact Bond Fund
TIAA-CREF FUNDS
CORE IMPACT BOND FUND
SCHEDULE OF INVESTMENTS
March 31, 2021
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
BANK LOAN OBLIGATIONS - 0.1% | |||||||||||||||||
MATERIALS - 0.0% | |||||||||||||||||
$ | 24,594 | †,h,i | CarbonLite P LLC | LIBOR 1 M + 12.000% | 12.000 | % | 09/05/21 | $ | 24,594 | ||||||||
TOTAL MATERIALS | 24,594 | ||||||||||||||||
UTILITIES - 0.1% | |||||||||||||||||
7,680,750 | i | Exgen Renewables IV LLC | LIBOR 3 M + 2.750% | 3.750 | 12/15/27 | 7,683,976 | |||||||||||
TOTAL UTILITIES | 7,683,976 | ||||||||||||||||
TOTAL BANK LOAN OBLIGATIONS | 7,708,570 | ||||||||||||||||
(Cost $7,668,196) | |||||||||||||||||
BONDS - 96.7% | |||||||||||||||||
CORPORATE BONDS - 42.2% | |||||||||||||||||
AUTOMOBILES & COMPONENTS - 0.7% | |||||||||||||||||
5,400,000 | BorgWarner, Inc | 2.650 | 07/01/27 | 5,607,034 | |||||||||||||
10,500,000 | g | Harley-Davidson Financial Services, Inc | 4.050 | 02/04/22 | 10,796,938 | ||||||||||||
14,475,000 | g | Hyundai Capital Services, Inc | 1.250 | 02/08/26 | 14,116,401 | ||||||||||||
11,025,000 | Magna International, Inc | 2.450 | 06/15/30 | 11,092,893 | |||||||||||||
TOTAL AUTOMOBILES & COMPONENTS | 41,613,266 | ||||||||||||||||
BANKS - 9.3% | |||||||||||||||||
13,750,000 | Bank of America Corp | 0.981 | 09/25/25 | 13,714,244 | |||||||||||||
10,000,000 | Bank of America Corp | 2.456 | 10/22/25 | 10,481,900 | |||||||||||||
3,150,000 | g | Bank of Montreal | 2.100 | 06/15/22 | 3,217,533 | ||||||||||||
4,500,000 | Barclays plc | 3.811 | 03/10/42 | 4,408,368 | |||||||||||||
5,400,000 | g | BNP Paribas S.A. | 2.219 | 06/09/26 | 5,537,254 | ||||||||||||
18,725,000 | g | BNP Paribas S.A. | 1.323 | 01/13/27 | 18,312,892 | ||||||||||||
3,250,000 | g | BNP Paribas S.A. | 1.904 | 09/30/28 | 3,194,459 | ||||||||||||
11,500,000 | g | BNP Paribas S.A. | 2.588 | 08/12/35 | 10,815,761 | ||||||||||||
4,850,000 | i | Canadian Imperial Bank of Commerce | SOFR + 0.800% | 0.810 | 03/17/23 | 4,891,322 | |||||||||||
15,000,000 | Citigroup, Inc | 1.678 | 05/15/24 | 15,305,550 | |||||||||||||
19,125,000 | Citigroup, Inc | 0.776 | 10/30/24 | 19,112,005 | |||||||||||||
10,225,000 | Citizens Bank NA | 2.250 | 04/28/25 | 10,609,498 | |||||||||||||
3,800,000 | Citizens Bank NA | 3.750 | 02/18/26 | 4,179,252 | |||||||||||||
9,075,000 | Citizens Financial Group, Inc | 3.250 | 04/30/30 | 9,636,249 | |||||||||||||
5,000,000 | i | Cooperatieve Rabobank UA | LIBOR 3 M + 0.480% | 0.705 | 01/10/23 | 5,027,275 | |||||||||||
14,970,000 | Cooperatieve Rabobank UA | 3.750 | 07/21/26 | 16,326,373 | |||||||||||||
10,000,000 | g | Cooperatieve Rabobank UA | 1.106 | 02/24/27 | 9,768,405 | ||||||||||||
15,000,000 | g | Credit Agricole S.A. | 1.247 | 01/26/27 | 14,670,730 | ||||||||||||
4,500,000 | First Abu Dhabi Bank PJSC | 3.000 | 03/30/22 | 4,606,292 | |||||||||||||
8,385,000 | HSBC Holdings plc | 3.033 | 11/22/23 | 8,720,949 | |||||||||||||
10,000,000 | i | ING Groep NV | LIBOR 3 M + 1.000% | 1.238 | 10/02/23 | 10,155,667 |
215 |
TIAA-CREF FUNDS - Core Impact Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 15,750,000 | g | ING Groep NV | 1.400 | % | 07/01/26 | $ | 15,668,730 | |||||||||
12,500,000 | h,i | ING Groep NV | SOFR + 1.010% | 1.020 | 04/01/27 | 12,523,375 | |||||||||||
17,000,000 | h | ING Groep NV | 2.727 | 04/01/32 | 16,989,791 | ||||||||||||
6,250,000 | g | Intesa Sanpaolo S.p.A | 3.250 | 09/23/24 | 6,657,217 | ||||||||||||
7,200,000 | g | Intesa Sanpaolo S.p.A | 4.000 | 09/23/29 | 7,707,523 | ||||||||||||
15,875,000 | g | Itau Unibanco Holding S.A. | 3.875 | 04/15/31 | 15,398,750 | ||||||||||||
9,150,000 | JPMorgan Chase & Co | 0.563 | 02/16/25 | 9,081,978 | |||||||||||||
15,000,000 | JPMorgan Chase & Co | 1.040 | 02/04/27 | 14,630,033 | |||||||||||||
2,375,000 | KeyCorp | 2.550 | 10/01/29 | 2,404,468 | |||||||||||||
9,670,000 | g | Kookmin Bank | 2.500 | 11/04/30 | 9,359,137 | ||||||||||||
4,000,000 | Lloyds Banking Group plc | 4.500 | 11/04/24 | 4,446,200 | |||||||||||||
5,725,000 | Lloyds Banking Group plc | 3.870 | 07/09/25 | 6,230,294 | |||||||||||||
6,350,000 | Massachusetts Higher Education Assistance Corp | 2.673 | 07/01/31 | 6,297,262 | |||||||||||||
6,475,000 | Mitsubishi UFJ Financial Group, Inc | 2.527 | 09/13/23 | 6,769,473 | |||||||||||||
5,925,000 | i | Mizuho Financial Group, Inc | LIBOR 3 M + 0.630% | 0.818 | 03/01/28 | 5,952,255 | |||||||||||
15,893,000 | g | National Australia Bank Ltd | 2.332 | 08/21/30 | 15,013,162 | ||||||||||||
5,750,000 | National Bank of Canada | 0.550 | 11/15/24 | 5,735,392 | |||||||||||||
11,310,000 | People’s United Bank NA | 4.000 | 07/15/24 | 12,204,064 | |||||||||||||
4,500,000 | People’s United Financial, Inc | 3.650 | 12/06/22 | 4,690,771 | |||||||||||||
7,375,000 | Regions Financial Corp | 5.750 | N/A‡ | 8,121,719 | |||||||||||||
5,485,000 | Royal Bank of Scotland Group plc | 2.359 | 05/22/24 | 5,659,030 | |||||||||||||
11,225,000 | g | Shinhan Financial Group Co Ltd | 3.340 | 02/05/30 | 11,719,124 | ||||||||||||
4,450,000 | g,i | Standard Chartered plc | SOFR + 1.250% | 1.281 | 10/14/23 | 4,498,718 | |||||||||||
9,400,000 | g | Standard Chartered plc | 1.319 | 10/14/23 | 9,459,690 | ||||||||||||
12,150,000 | g | Standard Chartered plc | 0.991 | 01/12/25 | 12,078,940 | ||||||||||||
5,550,000 | g | Standard Chartered plc | 1.214 | 03/23/25 | 5,559,443 | ||||||||||||
10,000,000 | g | Standard Chartered plc | 1.456 | 01/14/27 | 9,759,864 | ||||||||||||
13,600,000 | Sumitomo Mitsui Financial Group, Inc | 1.474 | 07/08/25 | 13,605,972 | |||||||||||||
11,512,000 | SVB Financial Group | 3.500 | 01/29/25 | 12,428,303 | |||||||||||||
10,000,000 | SVB Financial Group | 3.125 | 06/05/30 | 10,387,171 | |||||||||||||
12,800,000 | SVB Financial Group | 1.800 | 02/02/31 | 11,801,823 | |||||||||||||
11,586,000 | SVB Financial Group | 4.100 | N/A‡ | 11,614,965 | |||||||||||||
6,000,000 | Truist Financial Corp | 3.700 | 06/05/25 | 6,576,774 | |||||||||||||
14,350,000 | Truist Financial Corp | 1.267 | 03/02/27 | 14,178,608 | |||||||||||||
5,000,000 | Truist Financial Corp | 4.950 | N/A‡ | 5,418,750 | |||||||||||||
10,000,000 | g | UBS Group AG. | 2.095 | 02/11/32 | 9,459,161 | ||||||||||||
7,948,000 | g | UniCredit S.p.A | 6.572 | 01/14/22 | 8,285,459 | ||||||||||||
15,000,000 | g | UniCredit S.p.A | 2.569 | 09/22/26 | 15,059,938 | ||||||||||||
3,600,000 | g | UniCredit S.p.A | 5.459 | 06/30/35 | 3,815,771 | ||||||||||||
5,800,000 | g | USAA Capital Corp | 1.500 | 05/01/23 | 5,925,244 | ||||||||||||
5,600,000 | g | USAA Capital Corp | 2.125 | 05/01/30 | 5,496,032 | ||||||||||||
TOTAL BANKS | 581,362,352 | ||||||||||||||||
CAPITAL GOODS - 1.7% | |||||||||||||||||
10,450,000 | Carrier Global Corp | 2.700 | 02/15/31 | 10,446,871 | |||||||||||||
7,036,000 | CNH Industrial Capital LLC | 4.875 | 04/01/21 | 7,036,000 | |||||||||||||
4,000,000 | CNH Industrial Capital LLC | 1.950 | 07/02/23 | 4,107,503 | |||||||||||||
3,053,000 | CNH Industrial NV | 3.850 | 11/15/27 | 3,376,054 | |||||||||||||
8,975,000 | Ingersoll-Rand Luxembourg Finance S.A. | 3.800 | 03/21/29 | 9,846,269 | |||||||||||||
4,925,000 | Johnson Controls International plc | 1.750 | 09/15/30 | 4,619,051 | |||||||||||||
6,900,000 | Lennox International, Inc | 1.350 | 08/01/25 | 6,865,990 | |||||||||||||
4,900,000 | Lennox International, Inc | 1.700 | 08/01/27 | 4,820,163 | |||||||||||||
9,800,000 | Masco Corp | 1.500 | 02/15/28 | 9,412,306 | |||||||||||||
10,000,000 | Otis Worldwide Corp | 3.112 | 02/15/40 | 9,844,586 |
216 |
TIAA-CREF FUNDS - Core Impact Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 3,400,000 | Roper Technologies, Inc | 1.400 | % | 09/15/27 | $ | 3,284,937 | ||||||||||
6,275,000 | g,i | Siemens Financieringsmaatschappij NV | SOFR + 0.430% | 0.440 | 03/11/24 | 6,293,756 | |||||||||||
12,500,000 | g | Siemens Financieringsmaatschappij NV | 1.200 | 03/11/26 | 12,354,823 | ||||||||||||
6,525,000 | Xylem, Inc | 1.950 | 01/30/28 | 6,514,162 | |||||||||||||
3,575,000 | Xylem, Inc | 2.250 | 01/30/31 | 3,507,816 | |||||||||||||
TOTAL CAPITAL GOODS | 102,330,287 | ||||||||||||||||
COMMERCIAL & PROFESSIONAL SERVICES - 0.3% | |||||||||||||||||
17,160,000 | Rockefeller Foundation | 2.492 | 10/01/50 | 15,710,442 | |||||||||||||
750,000 | Waste Management, Inc | 2.400 | 05/15/23 | 777,610 | |||||||||||||
TOTAL COMMERCIAL & PROFESSIONAL SERVICES | 16,488,052 | ||||||||||||||||
CONSUMER SERVICES - 1.2% | |||||||||||||||||
10,750,000 | Conservation Fund | 3.474 | 12/15/29 | 11,152,037 | |||||||||||||
4,040,000 | Henry J Kaiser Family Foundation | 3.356 | 12/01/25 | 4,163,459 | |||||||||||||
4,500,000 | Low Income Investment Fund | 3.386 | 07/01/26 | 4,769,931 | |||||||||||||
10,000,000 | Low Income Investment Fund | 3.711 | 07/01/29 | 10,579,500 | |||||||||||||
7,850,000 | i | Nature Conservancy | LIBOR 3 M + 1.080% | 1.285 | 02/01/24 | 7,874,204 | |||||||||||
4,100,000 | New York Public Library Astor Lenox & Tilden Foundations | 4.305 | 07/01/45 | 3,971,578 | |||||||||||||
80,000 | Salvation Army | 5.637 | 09/01/26 | 95,720 | |||||||||||||
5,000,000 | Salvation Army | 4.528 | 09/01/48 | 5,299,773 | |||||||||||||
6,850,000 | Starbucks Corp | 2.450 | 06/15/26 | 7,172,437 | |||||||||||||
11,440,000 | Wisconsin Alumni Research Foundation | 3.564 | 10/01/49 | 11,612,204 | |||||||||||||
5,000,000 | YMCA of Greater New York | 5.021 | 08/01/38 | 5,150,498 | |||||||||||||
1,500,000 | YMCA of Greater New York | 5.151 | 08/01/48 | 1,510,085 | |||||||||||||
TOTAL CONSUMER SERVICES | 73,351,426 | ||||||||||||||||
DIVERSIFIED FINANCIALS - 3.8% | |||||||||||||||||
8,350,000 | AerCap Ireland Capital DAC | 1.750 | 01/30/26 | 8,110,057 | |||||||||||||
2,125,000 | Bank of New York Mellon Corp | 2.661 | 05/16/23 | 2,180,241 | |||||||||||||
3,150,000 | Bank of New York Mellon Corp | 4.700 | N/A‡ | 3,412,867 | |||||||||||||
21,400,000 | g | BPCE S.A. | 1.652 | 10/06/26 | 21,350,006 | ||||||||||||
10,750,000 | Century Housing Corp | 3.995 | 11/01/21 | 10,872,018 | |||||||||||||
8,725,000 | Charles Schwab Corp | 4.000 | N/A‡ | 8,576,675 | |||||||||||||
10,720,000 | Community Preservation Corp | 2.867 | 02/01/30 | 10,623,293 | |||||||||||||
16,425,000 | g | Credit Suisse Group AG. | 1.305 | 02/02/27 | 15,898,323 | ||||||||||||
5,820,000 | Enterprise Community Loan Fund, Inc | 4.152 | 11/01/28 | 5,910,774 | |||||||||||||
10,000,000 | Ford Foundation | 2.815 | 06/01/70 | 9,001,775 | |||||||||||||
13,300,000 | Goldman Sachs Group, Inc | 0.855 | 02/12/26 | 13,072,603 | |||||||||||||
14,950,000 | Morgan Stanley | 0.985 | 12/10/26 | 14,592,592 | |||||||||||||
10,000,000 | g | NongHyup Bank | 1.250 | 07/20/25 | 9,935,412 | ||||||||||||
2,127,000 | Reinvestment Fund, Inc | 3.166 | 11/01/23 | 2,155,518 | |||||||||||||
3,000,000 | Reinvestment Fund, Inc | 3.600 | 02/15/24 | 3,064,023 | |||||||||||||
2,500,000 | Reinvestment Fund, Inc | 3.366 | 11/01/24 | 2,546,256 | |||||||||||||
5,000,000 | Reinvestment Fund, Inc | 3.513 | 11/01/25 | 5,045,445 | |||||||||||||
5,000,000 | Reinvestment Fund, Inc | 3.880 | 02/15/27 | 5,069,929 | |||||||||||||
4,475,000 | g | Starwood Property Trust, Inc | 5.500 | 11/01/23 | 4,676,375 | ||||||||||||
5,000,000 | State Street Corp | 2.653 | 05/15/23 | 5,128,274 | |||||||||||||
10,750,000 | State Street Corp | 2.354 | 11/01/25 | 11,307,066 | |||||||||||||
8,100,000 | g | Swiss Re Finance Luxembourg SA | 5.000 | 04/02/49 | 9,170,820 | ||||||||||||
4,823,000 | g | UBS Group AG | 1.008 | 07/30/24 | 4,851,041 |
217 |
TIAA-CREF FUNDS - Core Impact Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 14,700,000 | g | UBS Group AG | 1.364 | % | 01/30/27 | $ | 14,486,039 | |||||||||
13,750,000 | Unilever Capital Corp | 2.000 | 07/28/26 | 14,218,412 | |||||||||||||
5,528,000 | Unilever Capital Corp | 2.125 | 09/06/29 | 5,520,191 | |||||||||||||
6,125,000 | Unilever Capital Corp | 1.375 | 09/14/30 | 5,748,532 | |||||||||||||
3,450,000 | g | WLB Asset II B Pte Ltd | 3.950 | 12/10/24 | 3,415,251 | ||||||||||||
1,925,000 | g | WLB Asset II Pte Ltd | 4.000 | 01/14/24 | 1,973,694 | ||||||||||||
TOTAL DIVERSIFIED FINANCIALS | 231,913,502 | ||||||||||||||||
ENERGY - 2.6% | |||||||||||||||||
7,950,000 | g | Aker BP ASA | 4.750 | 06/15/24 | 8,153,246 | ||||||||||||
7,500,000 | g | Aker BP ASA | 2.875 | 01/15/26 | 7,745,477 | ||||||||||||
10,000,000 | g | Aker BP ASA | 4.000 | 01/15/31 | 10,424,323 | ||||||||||||
7,500,000 | i | Enbridge, Inc | SOFR + 0.400% | 0.413 | 02/17/23 | 7,511,403 | |||||||||||
7,600,000 | Enbridge, Inc | 2.500 | 01/15/25 | 7,921,037 | |||||||||||||
5,830,000 | Enbridge, Inc | 5.750 | 07/15/80 | 6,238,100 | |||||||||||||
7,375,000 | EQT Corp | 7.625 | 02/01/25 | 8,487,777 | |||||||||||||
1,000,000 | Equinor ASA | 2.450 | 01/17/23 | 1,037,317 | |||||||||||||
2,000,000 | Equinor ASA | 3.700 | 03/01/24 | 2,173,768 | |||||||||||||
7,725,000 | Equinor ASA | 2.375 | 05/22/30 | 7,706,127 | |||||||||||||
3,000,000 | Equinor ASA | 3.950 | 05/15/43 | 3,246,710 | |||||||||||||
9,110,000 | Equinor ASA | 3.250 | 11/18/49 | 8,920,113 | |||||||||||||
1,925,000 | ONEOK, Inc | 4.000 | 07/13/27 | 2,087,475 | |||||||||||||
7,246,000 | ONEOK, Inc | 3.400 | 09/01/29 | 7,455,585 | |||||||||||||
10,950,000 | ONEOK, Inc | 6.350 | 01/15/31 | 13,748,861 | |||||||||||||
3,350,000 | ONEOK, Inc | 4.950 | 07/13/47 | 3,509,259 | |||||||||||||
10,000,000 | ONEOK, Inc | 4.450 | 09/01/49 | 9,973,949 | |||||||||||||
5,000,000 | g | TerraForm Power Operating LLC | 5.000 | 01/31/28 | 5,395,250 | ||||||||||||
6,000,000 | Total Capital International S.A. | 2.434 | 01/10/25 | 6,292,159 | |||||||||||||
12,850,000 | Total Capital International S.A. | 2.986 | 06/29/41 | 12,322,081 | |||||||||||||
11,550,000 | Total Capital International S.A. | 3.127 | 05/29/50 | 10,873,435 | |||||||||||||
10,000,000 | i | Valero Energy Corp | LIBOR 3 M + 1.150% | 1.334 | 09/15/23 | 10,033,856 | |||||||||||
TOTAL ENERGY | 161,257,308 | ||||||||||||||||
FOOD & STAPLES RETAILING - 0.5% | |||||||||||||||||
7,125,000 | g,i | 7-Eleven, Inc | LIBOR 3 M + 0.450% | 0.645 | 08/10/22 | 7,132,309 | |||||||||||
11,500,000 | g | 7-Eleven, Inc | 0.950 | 02/10/26 | 11,202,150 | ||||||||||||
11,225,000 | SYSCO Corp | 2.400 | 02/15/30 | 11,145,691 | |||||||||||||
TOTAL FOOD & STAPLES RETAILING | 29,480,150 | ||||||||||||||||
FOOD, BEVERAGE & TOBACCO - 0.6% | |||||||||||||||||
4,675,000 | General Mills, Inc | 2.875 | 04/15/30 | 4,826,272 | |||||||||||||
10,500,000 | g | NBM US Holdings, Inc | 6.625 | 08/06/29 | 11,547,952 | ||||||||||||
5,600,000 | g | Nutrition & Biosciences, Inc | 1.832 | 10/15/27 | 5,475,531 | ||||||||||||
15,310,000 | PepsiCo, Inc | 2.875 | 10/15/49 | 14,817,212 | |||||||||||||
TOTAL FOOD, BEVERAGE & TOBACCO | 36,666,967 | ||||||||||||||||
HEALTH CARE EQUIPMENT & SERVICES - 0.4% | |||||||||||||||||
10,000,000 | i | Cigna Corp | LIBOR 3 M + 0.890% | 1.131 | 07/15/23 | 10,120,600 | |||||||||||
6,900,000 | Cigna Corp | 0.613 | 03/15/24 | 6,870,761 | |||||||||||||
10,150,000 | Cigna Corp | 2.375 | 03/15/31 | 9,983,428 | |||||||||||||
TOTAL HEALTH CARE EQUIPMENT & SERVICES | 26,974,789 |
218 |
TIAA-CREF FUNDS - Core Impact Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
HOUSEHOLD & PERSONAL PRODUCTS - 0.5% | |||||||||||||||||
$ | 5,900,000 | Kimberly-Clark Corp | 3.950 | % | 11/01/28 | $ | 6,712,764 | ||||||||||
6,925,000 | Procter & Gamble Co | 2.800 | 03/25/27 | 7,459,262 | |||||||||||||
5,300,000 | Procter & Gamble Co | 3.000 | 03/25/30 | 5,704,794 | |||||||||||||
12,125,000 | Procter & Gamble Co | 1.200 | 10/29/30 | 11,220,331 | |||||||||||||
TOTAL HOUSEHOLD & PERSONAL PRODUCTS | 31,097,151 | ||||||||||||||||
INSURANCE - 1.8% | |||||||||||||||||
6,851,000 | g | AIA Group Ltd | 3.600 | 04/09/29 | 7,359,891 | ||||||||||||
10,928,000 | g | AIA Group Ltd | 3.375 | 04/07/30 | 11,640,693 | ||||||||||||
2,400,000 | Chubb INA Holdings, Inc | 1.375 | 09/15/30 | 2,191,551 | |||||||||||||
11,400,000 | g | Empower Finance 2020 LP | 1.357 | 09/17/27 | 11,015,848 | ||||||||||||
4,950,000 | g | Empower Finance 2020 LP | 1.776 | 03/17/31 | 4,589,404 | ||||||||||||
10,285,000 | g | Equitable Financial Life Global Funding | 1.400 | 08/27/27 | 9,923,654 | ||||||||||||
3,750,000 | g | Five Corners Funding Trust | 4.419 | 11/15/23 | 4,113,620 | ||||||||||||
13,325,000 | g | Five Corners Funding Trust II | 2.850 | 05/15/30 | 13,732,841 | ||||||||||||
4,100,000 | g | Great-West Lifeco US Finance 2020 LP | 0.904 | 08/12/25 | 4,034,289 | ||||||||||||
5,000,000 | Progressive Corp | 3.700 | 01/26/45 | 5,309,374 | |||||||||||||
10,000,000 | Prudential Financial, Inc | 1.500 | 03/10/26 | 10,102,341 | |||||||||||||
4,265,000 | Prudential Financial, Inc | 3.700 | 10/01/50 | 4,312,768 | |||||||||||||
4,499,000 | Reinsurance Group of America, Inc | 3.900 | 05/15/29 | 4,931,390 | |||||||||||||
6,100,000 | Reinsurance Group of America, Inc | 3.150 | 06/15/30 | 6,309,524 | |||||||||||||
5,000,000 | g | Swiss Re Treasury US Corp | 2.875 | 12/06/22 | 5,157,134 | ||||||||||||
6,674,000 | g | Swiss Re Treasury US Corp | 4.250 | 12/06/42 | 7,651,692 | ||||||||||||
TOTAL INSURANCE | 112,376,014 | ||||||||||||||||
MATERIALS - 1.7% | |||||||||||||||||
10,588,000 | g | Air Liquide Finance S.A. | 2.500 | 09/27/26 | 11,126,681 | ||||||||||||
7,250,000 | g | Celulosa Arauco y Constitucion S.A. | 4.200 | 01/29/30 | 7,802,812 | ||||||||||||
10,000,000 | g | Celulosa Arauco y Constitucion S.A. | 5.150 | 01/29/50 | 11,152,450 | ||||||||||||
1,934,000 | International Paper Co | 4.800 | 06/15/44 | 2,316,721 | |||||||||||||
6,375,000 | International Paper Co | 4.350 | 08/15/48 | 7,368,142 | |||||||||||||
5,750,000 | g | Inversiones CMPC S.A. | 4.375 | 04/04/27 | 6,323,333 | ||||||||||||
EUR | 2,500,000 | g | LG Chem Ltd | 0.500 | 04/15/23 | 2,958,429 | |||||||||||
5,940,000 | g | LG Chem Ltd | 3.625 | 04/15/29 | 6,429,601 | ||||||||||||
14,500,000 | i | LYB International Finance III LLC | LIBOR 3 M + 1.000% | 1.202 | 10/01/23 | 14,542,476 | |||||||||||
5,925,000 | LYB International Finance III LLC | 3.375 | 10/01/40 | 5,859,515 | |||||||||||||
5,000,000 | Newmont Corp | 2.250 | 10/01/30 | 4,870,685 | |||||||||||||
9,875,000 | PPG Industries, Inc | 1.200 | 03/15/26 | 9,678,031 | |||||||||||||
2,950,000 | Steel Dynamics, Inc | 2.400 | 06/15/25 | 3,074,638 | |||||||||||||
4,850,000 | Steel Dynamics, Inc | 3.250 | 01/15/31 | 5,132,906 | |||||||||||||
10,000,000 | Teck Resources Ltd | 3.900 | 07/15/30 | 10,450,883 | |||||||||||||
TOTAL MATERIALS | 109,087,303 | ||||||||||||||||
MEDIA & ENTERTAINMENT - 0.8% | |||||||||||||||||
10,000,000 | Alphabet, Inc | 1.100 | 08/15/30 | 9,192,159 | |||||||||||||
2,800,000 | Bush Foundation | 2.754 | 10/01/50 | 2,656,307 | |||||||||||||
5,040,000 | g | Continuum Energy Levanter Pte Ltd | 4.500 | 02/09/27 | 5,153,400 | ||||||||||||
3,650,000 | g | Discovery Communications LLC | 4.000 | 09/15/55 | 3,592,750 | ||||||||||||
3,250,000 | g | Grace Trust | 2.347 | 12/10/40 | 3,201,936 | ||||||||||||
15,000,000 | g | Liberty Utilities Finance GP | 2.050 | 09/15/30 | 14,053,893 | ||||||||||||
10,000,000 | g | NTT Finance Corp | 1.162 | 04/03/26 | 9,867,954 | ||||||||||||
7,500,000 | g | NTT Finance Corp | 2.065 | 04/03/31 | 7,404,570 |
219 |
TIAA-CREF FUNDS - Core Impact Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 2,320,000 | Smithsonian Institution | 2.645 | % | 09/01/39 | $ | 2,214,505 | ||||||||||
TOTAL MEDIA & ENTERTAINMENT | 57,337,474 | ||||||||||||||||
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 1.7% | |||||||||||||||||
10,000,000 | i | AbbVie, Inc | LIBOR 3 M + 0.650% | 0.832 | 11/21/22 | 10,061,419 | |||||||||||
4,800,000 | Bristol-Myers Squibb Co | 2.350 | 11/13/40 | 4,366,026 | |||||||||||||
7,700,000 | Bristol-Myers Squibb Co | 2.550 | 11/13/50 | 6,843,080 | |||||||||||||
6,275,000 | Gilead Sciences, Inc | 1.200 | 10/01/27 | 6,016,086 | |||||||||||||
5,350,000 | Gilead Sciences, Inc | 2.600 | 10/01/40 | 4,916,225 | |||||||||||||
14,150,000 | Gilead Sciences, Inc | 2.800 | 10/01/50 | 12,576,293 | |||||||||||||
5,750,000 | GlaxoSmithKline Capital, Inc | 3.625 | 05/15/25 | 6,322,602 | |||||||||||||
9,075,000 | Merck & Co, Inc | 1.450 | 06/24/30 | 8,645,730 | |||||||||||||
3,700,000 | Merck & Co, Inc | 2.450 | 06/24/50 | 3,263,134 | |||||||||||||
7,725,000 | g,i | Roche Holdings, Inc | SOFR + 0.240% | 0.251 | 03/05/24 | 7,730,354 | |||||||||||
12,500,000 | g | Roche Holdings, Inc | 0.991 | 03/05/26 | 12,408,346 | ||||||||||||
5,674,000 | g | Roche Holdings, Inc | 2.375 | 01/28/27 | 5,955,777 | ||||||||||||
14,681,000 | Takeda Pharmaceutical Co Ltd | 2.050 | 03/31/30 | 14,149,374 | |||||||||||||
8,500,000 | Takeda Pharmaceutical Co Ltd | 3.175 | 07/09/50 | 8,118,313 | |||||||||||||
TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 111,372,759 | ||||||||||||||||
REAL ESTATE - 2.0% | |||||||||||||||||
1,975,000 | Brandywine Operating Partnership LP | 3.950 | 02/15/23 | 2,064,263 | |||||||||||||
4,300,000 | Brandywine Operating Partnership LP | 3.950 | 11/15/27 | 4,566,230 | |||||||||||||
2,800,000 | Brixmor Operating Partnership LP | 4.125 | 06/15/26 | 3,091,580 | |||||||||||||
6,875,000 | Brixmor Operating Partnership LP | 3.900 | 03/15/27 | 7,505,681 | |||||||||||||
3,800,000 | Brixmor Operating Partnership LP | 2.250 | 04/01/28 | 3,728,617 | |||||||||||||
5,975,000 | Corporate Office Properties LP | 2.750 | 04/15/31 | 5,777,694 | |||||||||||||
4,000,000 | Duke Realty LP | 2.875 | 11/15/29 | 4,104,916 | |||||||||||||
11,400,000 | Equinix, Inc | 1.000 | 09/15/25 | 11,194,108 | |||||||||||||
2,350,000 | Equinix, Inc | 1.800 | 07/15/27 | 2,306,765 | |||||||||||||
6,900,000 | Federal Realty Investment Trust | 1.250 | 02/15/26 | 6,813,205 | |||||||||||||
6,600,000 | g | HAT Holdings I LLC | 5.250 | 07/15/24 | 6,814,500 | ||||||||||||
1,950,000 | g | HAT Holdings I LLC | 6.000 | 04/15/25 | 2,057,250 | ||||||||||||
10,000,000 | g | HAT Holdings I LLC | 3.750 | 09/15/30 | 9,625,000 | ||||||||||||
11,000,000 | Host Hotels & Resorts LP | 3.500 | 09/15/30 | 11,043,522 | |||||||||||||
4,725,000 | Kilroy Realty LP | 3.450 | 12/15/24 | 5,051,545 | |||||||||||||
14,350,000 | Kilroy Realty LP | 2.500 | 11/15/32 | 13,476,545 | |||||||||||||
3,125,000 | Life Storage LP | 2.200 | 10/15/30 | 2,951,905 | |||||||||||||
2,516,000 | Piedmont Operating Partnership LP | 3.400 | 06/01/23 | 2,613,040 | |||||||||||||
9,157,000 | Regency Centers LP | 3.750 | 06/15/24 | 9,824,345 | |||||||||||||
8,090,000 | g | Scentre Group Trust 2 | 5.125 | 09/24/80 | 8,417,240 | ||||||||||||
7,310,000 | UDR, Inc | 1.900 | 03/15/33 | 6,590,704 | |||||||||||||
TOTAL REAL ESTATE | 129,618,655 | ||||||||||||||||
RETAILING - 0.5% | |||||||||||||||||
2,800,000 | Advance Auto Parts, Inc | 1.750 | 10/01/27 | 2,758,627 | |||||||||||||
7,200,000 | Home Depot, Inc | 2.500 | 04/15/27 | 7,578,437 | |||||||||||||
10,000,000 | Home Depot, Inc | 2.700 | 04/15/30 | 10,424,608 | |||||||||||||
5,000,000 | Home Depot, Inc | 3.350 | 04/15/50 | 5,185,603 | |||||||||||||
5,525,000 | Lowe’s Cos, Inc | 3.000 | 10/15/50 | 5,153,271 | |||||||||||||
TOTAL RETAILING | 31,100,546 |
220 |
TIAA-CREF FUNDS - Core Impact Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.5% | |||||||||||||||||
$ | 5,883,000 | g | NXP BV | 3.400 | % | 05/01/30 | $ | 6,212,170 | |||||||||
17,200,000 | g | SK Hynix, Inc | 2.375 | 01/19/31 | 16,264,250 | ||||||||||||
7,575,000 | Texas Instruments, Inc | 3.875 | 03/15/39 | 8,693,196 | |||||||||||||
TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | 31,169,616 | ||||||||||||||||
SOFTWARE & SERVICES - 0.6% | |||||||||||||||||
12,875,000 | Automatic Data Processing, Inc | 1.250 | 09/01/30 | 11,795,155 | |||||||||||||
7,725,000 | Mastercard, Inc | 1.900 | 03/15/31 | 7,593,144 | |||||||||||||
5,000,000 | Visa, Inc | 0.750 | 08/15/27 | 4,800,247 | |||||||||||||
10,000,000 | Visa, Inc | 1.100 | 02/15/31 | 9,099,303 | |||||||||||||
5,000,000 | Visa, Inc | 2.000 | 08/15/50 | 4,045,419 | |||||||||||||
TOTAL SOFTWARE & SERVICES | 37,333,268 | ||||||||||||||||
TECHNOLOGY HARDWARE & EQUIPMENT - 0.1% | |||||||||||||||||
5,750,000 | Apple, Inc | 3.000 | 06/20/27 | 6,238,693 | |||||||||||||
TOTAL TECHNOLOGY HARDWARE & EQUIPMENT | 6,238,693 | ||||||||||||||||
TELECOMMUNICATION SERVICES - 0.8% | |||||||||||||||||
9,000,000 | i | Verizon Communications, Inc | SOFR + 0.790% | 0.800 | 03/20/26 | 9,052,074 | |||||||||||
14,225,000 | Verizon Communications, Inc | 2.550 | 03/21/31 | 14,212,092 | |||||||||||||
9,825,000 | Verizon Communications, Inc | 3.400 | 03/22/41 | 9,974,196 | |||||||||||||
18,825,000 | Verizon Communications, Inc | 3.550 | 03/22/51 | 18,798,585 | |||||||||||||
TOTAL TELECOMMUNICATION SERVICES | 52,036,947 | ||||||||||||||||
TRANSPORTATION - 1.0% | |||||||||||||||||
10,000,000 | Canadian Pacific Railway Co | 2.050 | 03/05/30 | 9,660,798 | |||||||||||||
2,472,665 | Delta Air Lines, Inc | 4.250 | 07/30/23 | 2,527,259 | |||||||||||||
2,850,000 | Delta Air Lines, Inc | 3.204 | 04/25/24 | 2,952,275 | |||||||||||||
13,700,000 | Delta Air Lines, Inc | 3.404 | 04/25/24 | 13,791,682 | |||||||||||||
5,600,000 | Delta Air Lines, Inc | 2.900 | 10/28/24 | 5,599,498 | |||||||||||||
6,225,000 | g | Delta Air Lines, Inc | 7.000 | 05/01/25 | 7,170,936 | ||||||||||||
7,469,793 | Delta Air Lines, Inc | 2.000 | 06/10/28 | 7,480,942 | |||||||||||||
11,457,847 | Delta Air Lines, Inc | 2.500 | 06/10/28 | 11,609,845 | |||||||||||||
2,500,000 | Kansas City Southern | 4.300 | 05/15/43 | 2,740,706 | |||||||||||||
500,000 | Norfolk Southern Corp | 2.900 | 06/15/26 | 535,607 | |||||||||||||
TOTAL TRANSPORTATION | 64,069,548 | ||||||||||||||||
UTILITIES - 9.1% | |||||||||||||||||
10,875,000 | g | AES Corp | 1.375 | 01/15/26 | 10,599,238 | ||||||||||||
10,900,000 | g | AES Corp | 2.450 | 01/15/31 | 10,421,292 | ||||||||||||
8,750,000 | g | AES Gener S.A. | 6.350 | 10/07/79 | 9,373,437 | ||||||||||||
4,375,000 | Arizona Public Service Co | 3.750 | 05/15/46 | 4,557,074 | |||||||||||||
5,875,000 | Atlantic City Electric Co | 2.300 | 03/15/31 | 5,805,889 | |||||||||||||
11,925,000 | i | Atmos Energy Corp | LIBOR 3 M + 0.380% | 0.565 | 03/09/23 | 11,926,300 | |||||||||||
14,749,000 | Avangrid, Inc | 3.200 | 04/15/25 | 15,791,003 | |||||||||||||
7,500,000 | Avangrid, Inc | 3.800 | 06/01/29 | 8,250,238 | |||||||||||||
5,025,000 | Avista Corp | 4.350 | 06/01/48 | 5,767,684 | |||||||||||||
800,000 | g | Azure Power Energy Ltd | 5.500 | 11/03/22 | 816,003 | ||||||||||||
5,025,000 | g | Azure Power Solar Energy Pvt Ltd | 5.650 | 12/24/24 | 5,316,880 | ||||||||||||
10,000,000 | g | Brooklyn Union Gas Co | 4.487 | 03/04/49 | 11,447,422 | ||||||||||||
9,850,000 | CenterPoint Energy Houston Electric LLC | 2.350 | 04/01/31 | 9,852,857 | |||||||||||||
12,350,000 | CenterPoint Energy Houston Electric LLC | 3.350 | 04/01/51 | 12,418,144 |
221 |
TIAA-CREF FUNDS - Core Impact Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 19,400,000 | i | CenterPoint Energy Resources Corp | LIBOR 3 M + 0.500% | 0.684 | % | 03/02/23 | $ | 19,405,510 | ||||||||
3,250,000 | g | Clearway Energy Operating LLC | 4.750 | 03/15/28 | 3,381,267 | ||||||||||||
10,000,000 | g | Clearway Energy Operating LLC | 3.750 | 02/15/31 | 9,593,800 | ||||||||||||
3,050,000 | CMS Energy Corp | 4.750 | 06/01/50 | 3,294,000 | |||||||||||||
8,170,000 | g | Consorcio Transmantaro SA | 4.700 | 04/16/34 | 9,221,969 | ||||||||||||
13,850,000 | Consumers Energy Co | 2.500 | 05/01/60 | 11,500,324 | |||||||||||||
6,288,267 | g | Continental Wind LLC | 6.000 | 02/28/33 | 7,089,655 | ||||||||||||
8,850,000 | Dominion Energy Gas Holdings LLC | 2.500 | 11/15/24 | 9,304,597 | |||||||||||||
7,115,000 | Dominion Energy, Inc | 3.600 | 03/15/27 | 7,853,140 | |||||||||||||
4,850,000 | Dominion Energy, Inc (Step Bond) | 3.071 | 08/15/24 | 5,165,131 | |||||||||||||
11,725,000 | DTE Electric Co | 1.900 | 04/01/28 | 11,694,690 | |||||||||||||
5,000,000 | DTE Electric Co | 3.950 | 03/01/49 | 5,588,745 | |||||||||||||
9,025,000 | DTE Electric Co | 3.250 | 04/01/51 | 8,998,944 | |||||||||||||
12,000,000 | DTE Energy Co | 2.850 | 10/01/26 | 12,678,118 | |||||||||||||
10,000,000 | Duke Energy Florida LLC | 2.500 | 12/01/29 | 10,197,845 | |||||||||||||
3,350,000 | g | East Ohio Gas Co | 1.300 | 06/15/25 | 3,340,438 | ||||||||||||
3,100,000 | g | East Ohio Gas Co | 2.000 | 06/15/30 | 2,982,758 | ||||||||||||
6,575,000 | g | EDP Finance BV | 3.625 | 07/15/24 | 7,098,455 | ||||||||||||
2,312,000 | g | EDP Finance BV | 1.710 | 01/24/28 | 2,228,610 | ||||||||||||
9,559,000 | g | Electricite de France S.A. | 3.625 | 10/13/25 | 10,385,518 | ||||||||||||
10,000,000 | Essential Utilities, Inc | 2.704 | 04/15/30 | 10,079,610 | |||||||||||||
7,800,000 | Essential Utilities, Inc | 3.351 | 04/15/50 | 7,547,776 | |||||||||||||
8,882,000 | Georgia Power Co | 3.250 | 04/01/26 | 9,599,698 | |||||||||||||
2,900,000 | g | Greenko Dutch BV | 4.875 | 07/24/22 | 2,930,450 | ||||||||||||
13,850,000 | g | Hanwha Energy USA Holdings Corp | 2.375 | 07/30/22 | 14,170,800 | ||||||||||||
9,700,000 | Interstate Power & Light Co | 3.500 | 09/30/49 | 9,549,585 | |||||||||||||
7,925,000 | g | Korea Hydro & Nuclear Power Co Ltd | 3.750 | 07/25/23 | 8,493,833 | ||||||||||||
6,875,000 | MidAmerican Energy Co | 3.100 | 05/01/27 | 7,450,865 | |||||||||||||
2,430,000 | MidAmerican Energy Co | 3.650 | 08/01/48 | 2,569,700 | |||||||||||||
3,820,000 | MidAmerican Energy Co | 3.150 | 04/15/50 | 3,754,111 | |||||||||||||
12,626,000 | National Fuel Gas Co | 5.500 | 01/15/26 | 14,429,518 | |||||||||||||
9,524,000 | National Fuel Gas Co | 2.950 | 03/01/31 | 9,171,277 | |||||||||||||
14,775,000 | i | NextEra Energy Capital Holdings, Inc | LIBOR 3 M + 0.270% | 0.452 | 02/22/23 | 14,777,280 | |||||||||||
5,575,000 | i | NextEra Energy Capital Holdings, Inc | SOFR + 0.540% | 0.550 | 03/01/23 | 5,588,949 | |||||||||||
91,000 | g | NextEra Energy Operating Partners LP | 4.250 | 09/15/24 | 96,005 | ||||||||||||
10,000,000 | g | Niagara Mohawk Power Corp | 1.960 | 06/27/30 | 9,557,328 | ||||||||||||
750,000 | g | Niagara Mohawk Power Corp | 4.278 | 10/01/34 | 855,249 | ||||||||||||
8,758,000 | NorthWestern Corp | 4.176 | 11/15/44 | 9,685,259 | |||||||||||||
5,450,000 | Oklahoma Gas & Electric Co | 3.250 | 04/01/30 | 5,778,161 | |||||||||||||
1,925,000 | g | Pattern Energy Operations LP | 4.500 | 08/15/28 | 1,956,281 | ||||||||||||
5,925,000 | PSEG Power LLC | 3.850 | 06/01/23 | 6,316,668 | |||||||||||||
3,625,000 | Public Service Co of Colorado | 3.200 | 03/01/50 | 3,632,638 | |||||||||||||
1,000,000 | Public Service Co of New Hampshire | 3.500 | 11/01/23 | 1,068,981 | |||||||||||||
2,975,000 | Public Service Co of New Hampshire | 3.600 | 07/01/49 | 3,124,191 | |||||||||||||
7,500,000 | San Diego Gas & Electric Co | 4.150 | 05/15/48 | 8,454,518 | |||||||||||||
1,000,000 | Sempra Energy | 2.875 | 10/01/22 | 1,027,810 | |||||||||||||
10,000,000 | Sempra Energy | 4.875 | N/A‡ | 10,700,000 | |||||||||||||
2,501,604 | g | Solar Star Funding LLC | 3.950 | 06/30/35 | 2,568,159 | ||||||||||||
4,950,371 | g | Solar Star Funding LLC | 5.375 | 06/30/35 | 5,551,089 | ||||||||||||
13,788,000 | Southern Power Co | 4.150 | 12/01/25 | 15,354,905 | |||||||||||||
2,875,000 | Southwestern Public Service Co | 3.750 | 06/15/49 | 3,068,362 | |||||||||||||
18,529,000 | Southwestern Public Service Co | 3.150 | 05/01/50 | 18,039,523 | |||||||||||||
9,795,600 | g | Star Energy Geothermal Wayang Windu Ltd | 6.750 | 04/24/33 | 11,020,050 | ||||||||||||
8,048,463 | g | Topaz Solar Farms LLC | 4.875 | 09/30/39 | 8,745,859 |
222 |
TIAA-CREF FUNDS - Core Impact Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 850,586 | g | Topaz Solar Farms LLC | 5.750 | % | 09/30/39 | $ | 971,200 | |||||||||
9,360,000 | Tucson Electric Power Co | 1.500 | 08/01/30 | 8,669,018 | |||||||||||||
8,755,000 | g | UEP Penonome II S.A. | 6.500 | 10/01/38 | 8,820,750 | ||||||||||||
16,400,000 | Union Electric Co | 2.625 | 03/15/51 | 14,506,504 | |||||||||||||
8,250,000 | Westar Energy, Inc | 2.550 | 07/01/26 | 8,644,278 | |||||||||||||
TOTAL UTILITIES | 571,673,213 | ||||||||||||||||
TOTAL CORPORATE BONDS | 2,645,949,286 | ||||||||||||||||
(Cost $2,626,867,114) | |||||||||||||||||
GOVERNMENT BONDS - 45.1% | |||||||||||||||||
AGENCY SECURITIES - 4.5% | |||||||||||||||||
1,695,000 | Canal Barge Co, Inc | 4.500 | 11/12/34 | 1,915,279 | |||||||||||||
563,391 | Ethiopian Leasing LLC | 2.566 | 08/14/26 | 597,443 | |||||||||||||
375,432 | Excalibur One 77B LLC | 1.492 | 01/01/25 | 381,262 | |||||||||||||
4,150,000 | Federal Home Loan Mortgage Corp (FHLMC) | 1.125 | 08/12/21 | 4,166,712 | |||||||||||||
11,250,000 | FHLMC | 0.125 | 07/25/22 | 11,248,960 | |||||||||||||
23,000,000 | FHLMC | 0.375 | 05/05/23 | 23,098,868 | |||||||||||||
18,700,000 | FHLMC | 0.250 | 08/24/23 | 18,704,261 | |||||||||||||
13,600,000 | FHLMC | 0.250 | 09/08/23 | 13,597,374 | |||||||||||||
22,692,000 | FHLMC | 0.250 | 12/04/23 | 22,658,132 | |||||||||||||
14,000,000 | FHLMC | 1.500 | 02/12/25 | 14,472,611 | |||||||||||||
17,500,000 | Federal National Mortgage Association (FNMA) | 0.250 | 07/10/23 | 17,513,362 | |||||||||||||
8,600,000 | FNMA | 0.625 | 04/22/25 | 8,577,193 | |||||||||||||
16,800,000 | FNMA | 0.875 | 08/05/30 | 15,533,554 | |||||||||||||
7,909,000 | Hashemite Kingdom of Jordan Government AID Bond | 3.000 | 06/30/25 | 8,489,904 | |||||||||||||
5,492,303 | HNA LLC | 2.369 | 09/18/27 | 5,769,563 | |||||||||||||
260,000 | g | Hospital for Special Surgery | 3.500 | 01/01/23 | 264,761 | ||||||||||||
821,750 | i | Housing and Urban Development Corp Ltd | LIBOR 6 M + 0.035% | 0.228 | 09/15/30 | 814,303 | |||||||||||
7,192,000 | Iraq Government AID Bond | 2.149 | 01/18/22 | 7,297,209 | |||||||||||||
1,388,887 | i | Jupiter Aircraft Leasing LLC | LIBOR 3 M + 0.240% | 0.421 | 08/19/23 | 1,386,495 | |||||||||||
1,388,885 | i | Jupiter Aircraft Leasing LLC | LIBOR 3 M + 0.240% | 0.427 | 09/22/23 | 1,380,357 | |||||||||||
2,150,000 | New York Society for the Relief of the Ruptured & Crippled | 2.881 | 12/20/31 | 2,167,263 | |||||||||||||
1,530,945 | Overseas Private Investment Corp (OPIC) | 2.040 | 12/15/26 | 1,577,290 | |||||||||||||
4,562,598 | OPIC | 3.220 | 09/15/29 | 5,106,457 | |||||||||||||
5,881,381 | OPIC | 1.790 | 10/15/29 | 6,185,883 | |||||||||||||
14,703,453 | OPIC | 2.360 | 10/15/29 | 15,845,259 | |||||||||||||
1,008,000 | OPIC | 4.140 | 05/15/30 | 1,152,674 | |||||||||||||
894,085 | OPIC | 3.330 | 05/15/33 | 984,767 | |||||||||||||
1,000,903 | OPIC | 2.810 | 07/31/33 | 1,067,353 | |||||||||||||
800,722 | OPIC | 2.940 | 07/31/33 | 860,763 | |||||||||||||
1,162,805 | OPIC | 3.250 | 07/31/33 | 1,272,568 | |||||||||||||
6,103,020 | OPIC | 2.040 | 06/15/35 | 6,107,976 | |||||||||||||
10,000,000 | OPIC | 2.290 | 07/15/38 | 10,221,344 | |||||||||||||
5,500,000 | OPIC | 2.450 | 07/15/38 | 5,716,635 | |||||||||||||
1,926,000 | Private Export Funding Corp (PEFCO) | 3.550 | 01/15/24 | 2,091,950 | |||||||||||||
1,000,000 | PEFCO | 3.250 | 06/15/25 | 1,088,295 | |||||||||||||
14,000,000 | Thirax LLC | 0.968 | 01/14/33 | 13,881,500 | |||||||||||||
1,813,426 | United States International Development Finance Corp | 1.050 | 10/15/29 | 1,846,381 |
223 |
TIAA-CREF FUNDS - Core Impact Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 2,500,000 | US Department of Housing and Urban Development (HUD) | 2.618 | % | 08/01/23 | $ | 2,631,828 | ||||||||||
2,000,000 | HUD | 2.800 | 08/01/23 | 2,114,103 | |||||||||||||
500,000 | HUD | 2.910 | 08/01/23 | 504,386 | |||||||||||||
3,000,000 | HUD | 2.960 | 08/01/24 | 3,025,632 | |||||||||||||
3,726,000 | HUD | 2.870 | 08/01/27 | 4,055,234 | |||||||||||||
420,000 | HUD | 5.380 | 08/01/27 | 426,562 | |||||||||||||
4,675,000 | HUD | 2.985 | 08/01/28 | 5,064,327 | |||||||||||||
1,931,000 | HUD | 3.185 | 08/01/29 | 2,086,134 | |||||||||||||
1,083,333 | VCM Lease S.A. | 2.516 | 09/28/27 | 1,143,110 | |||||||||||||
737,000 | Vessel Management Services, Inc | 3.432 | 08/15/36 | 795,649 | |||||||||||||
261,000 | Vessel Management Services, Inc | 3.477 | 01/16/37 | 282,753 | |||||||||||||
2,774,732 | i | Washington Aircraft 2 Co Ltd | LIBOR 3 M + 0.430% | 0.625 | 06/26/24 | 2,778,789 | |||||||||||
TOTAL AGENCY SECURITIES | 279,950,468 | ||||||||||||||||
FOREIGN GOVERNMENT BONDS - 5.8% | |||||||||||||||||
2,700,000 | African Development Bank | 3.000 | 12/06/21 | 2,751,587 | |||||||||||||
12,750,000 | African Development Bank | 0.750 | 04/03/23 | 12,873,833 | |||||||||||||
1,000,000 | Asian Development Bank | 1.875 | 08/10/22 | 1,022,706 | |||||||||||||
1,000,000 | Asian Development Bank | 2.125 | 03/19/25 | 1,055,330 | |||||||||||||
13,428,000 | Asian Development Bank | 1.750 | 08/14/26 | 13,888,848 | |||||||||||||
13,489,000 | Asian Development Bank | 3.125 | 09/26/28 | 14,947,213 | |||||||||||||
12,500,000 | Asian Development Bank | 1.500 | 03/04/31 | 12,035,569 | |||||||||||||
EUR | 7,925,000 | g | Banque Ouest Africaine de Developpement | 2.750 | 01/22/33 | 9,556,058 | |||||||||||
$ | 7,500,000 | g | BNG Bank NV | 2.625 | 02/27/24 | 7,964,335 | |||||||||||
CLP | 9,475,000,000 | g | Bonos de la Tesoreria de la Republica en pesos | 2.300 | 10/01/28 | 12,696,725 | |||||||||||
$ | 8,500,000 | g | Caisse d’Amortissement de la Dette Sociale | 0.375 | 09/23/25 | 8,278,386 | |||||||||||
9,500,000 | Chile Government International Bond | 3.500 | 01/25/50 | 9,661,025 | |||||||||||||
12,500,000 | g | Development Bank of Japan, Inc | 0.500 | 03/04/24 | 12,469,187 | ||||||||||||
9,875,000 | g | Egypt Government International Bond | 5.250 | 10/06/25 | 10,196,837 | ||||||||||||
200,000 | i | European Bank for Reconstruction & Development | LIBOR 3 M + 0.010% | 0.213 | 05/11/22 | 199,928 | |||||||||||
15,000,000 | European Bank for Reconstruction & Development | 1.625 | 09/27/24 | 15,540,036 | |||||||||||||
1,000,000 | European Bank for Reconstruction & Development | 1.500 | 02/13/25 | 1,030,526 | |||||||||||||
1,250,000 | European Investment Bank | 2.375 | 05/24/27 | 1,334,462 | |||||||||||||
3,725,000 | European Investment Bank | 0.625 | 10/21/27 | 3,548,578 | |||||||||||||
10,500,000 | European Investment Bank | 1.625 | 10/09/29 | 10,454,370 | |||||||||||||
10,279,000 | European Investment Bank | 0.750 | 09/23/30 | 9,331,109 | |||||||||||||
9,300,000 | g | European Stability Mechanism | 1.375 | 09/11/24 | 9,550,514 | ||||||||||||
3,650,000 | g | Guatemala Government International Bond | 5.375 | 04/24/32 | 4,133,625 | ||||||||||||
5,000,000 | i | Inter-American Development Bank | LIBOR 3 M + 0.010% | 0.251 | 01/15/22 | 5,000,444 | |||||||||||
10,000,000 | International Bank for Reconstruction & Development | 0.625 | 04/22/25 | 9,961,699 | |||||||||||||
4,750,000 | International Bank for Reconstruction & Development | 3.125 | 11/20/25 | 5,220,013 | |||||||||||||
2,900,000 | International Bank for Reconstruction & Development | 2.750 | 05/31/36 | 2,816,776 | |||||||||||||
10,450,000 | g | International Development Association | 2.750 | 04/24/23 | 10,980,860 | ||||||||||||
6,500,000 | International Finance Corp | 1.546 | 11/04/21 | 6,545,273 | |||||||||||||
110,000 | i | International Finance Corp | LIBOR 3 M + 0.070% | 0.254 | 12/15/22 | 110,102 | |||||||||||
7,375,000 | International Finance Corp | 0.500 | 03/20/23 | 7,399,227 | |||||||||||||
3,250,000 | International Finance Corp | 2.125 | 04/07/26 | 3,422,543 |
224 |
TIAA-CREF FUNDS - Core Impact Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 3,000,000 | g | Japan Finance Organization for Municipalities | 2.125 | % | 04/13/21 | $ | 3,001,268 | |||||||||
3,350,000 | g | Japan Finance Organization for Municipalities | 3.375 | 09/27/23 | 3,579,037 | ||||||||||||
6,000,000 | g | Kommunalbanken AS. | 2.125 | 02/11/25 | 6,319,067 | ||||||||||||
5,500,000 | i | Korea Development Bank International Bond | LIBOR 3 M + 0.725% | 0.962 | 07/06/22 | 5,531,093 | |||||||||||
10,100,000 | g | Korea Electric Power Corp | 1.125 | 06/15/25 | 10,028,152 | ||||||||||||
11,750,000 | Kreditanstalt fuer Wiederaufbau | 0.250 | 03/08/24 | 11,690,545 | |||||||||||||
13,250,000 | Landwirtschaftliche Rentenbank | 0.875 | 09/03/30 | 12,168,858 | |||||||||||||
100,000 | g | Nederlandse Waterschapsbank NV | 2.125 | 11/15/21 | 101,171 | ||||||||||||
6,000,000 | g | Nederlandse Waterschapsbank NV | 3.125 | 12/05/22 | 6,287,039 | ||||||||||||
10,000,000 | g | Nederlandse Waterschapsbank NV | 1.750 | 01/15/25 | 10,390,167 | ||||||||||||
7,750,000 | g | Nederlandse Waterschapsbank NV | 2.375 | 03/24/26 | 8,240,491 | ||||||||||||
5,000,000 | North American Development Bank | 2.400 | 10/26/22 | 5,136,826 | |||||||||||||
6,000,000 | g | Perusahaan Penerbit SBSN Indonesia III | 3.750 | 03/01/23 | 6,318,480 | ||||||||||||
6,600,000 | g | Perusahaan Penerbit SBSN Indonesia III | 3.900 | 08/20/24 | 7,151,430 | ||||||||||||
500,000 | Province of Manitoba Canada | 3.050 | 05/14/24 | 537,739 | |||||||||||||
5,000,000 | Province of Quebec Canada | 2.750 | 04/12/27 | 5,394,358 | |||||||||||||
10,000,000 | Republic of Italy Government International Bond | 2.875 | 10/17/29 | 10,107,883 | |||||||||||||
10,750,000 | Republic of Italy Government International Bond | 4.000 | 10/17/49 | 11,000,442 | |||||||||||||
4,250,000 | Seychelles International Bond | 6.500 | 10/11/28 | 3,760,187 | |||||||||||||
TOTAL FOREIGN GOVERNMENT BONDS | 362,721,957 | ||||||||||||||||
MORTGAGE BACKED - 21.3% | |||||||||||||||||
875,000 | Federal Home Loan Mortgage Corp (FHLMC) | 3.000 | 10/15/33 | 948,899 | |||||||||||||
161,676 | FHLMC | 4.000 | 06/01/42 | 177,060 | |||||||||||||
698,931 | FHLMC | 3.500 | 08/15/43 | 721,303 | |||||||||||||
12,384,815 | FHLMC | 3.500 | 03/15/44 | 12,997,539 | |||||||||||||
923,186 | i | FHLMC | LIBOR 1 M + 5.920% | 5.814 | 03/15/44 | 170,687 | |||||||||||
7,876,559 | FHLMC | 4.000 | 10/01/47 | 8,652,229 | |||||||||||||
30,462,944 | FHLMC | 4.000 | 06/01/48 | 33,427,703 | |||||||||||||
1,337,603 | i | FHLMC | LIBOR 1 M + 9.920% | 9.750 | 06/15/48 | 1,516,282 | |||||||||||
7,563,124 | FHLMC | 4.000 | 07/01/48 | 8,263,716 | |||||||||||||
1,215,594 | i | FHLMC | LIBOR 1 M + 9.840% | 9.670 | 10/15/48 | 1,450,009 | |||||||||||
6,746,303 | FHLMC | 4.000 | 09/01/49 | 7,376,930 | |||||||||||||
3,552,975 | FHLMC | 3.000 | 11/01/49 | 3,756,061 | |||||||||||||
10,524,068 | FHLMC | 2.000 | 09/25/50 | 1,275,680 | |||||||||||||
12,852,328 | FHLMC | 2.500 | 11/25/50 | 2,162,137 | |||||||||||||
17,045,509 | FHLMC | 2.500 | 02/25/51 | 2,786,760 | |||||||||||||
143,383 | Federal Home Loan Mortgage Corp Gold (FGLMC) | 5.000 | 06/01/36 | 166,783 | |||||||||||||
141,050 | FGLMC | 4.500 | 12/01/43 | 158,360 | |||||||||||||
155,767 | FGLMC | 4.500 | 02/01/44 | 174,885 | |||||||||||||
1,183,448 | FGLMC | 5.000 | 08/01/44 | 1,376,069 | |||||||||||||
193,591 | FGLMC | 3.500 | 04/01/45 | 210,216 | |||||||||||||
4,563,396 | FGLMC | 3.500 | 08/01/45 | 4,967,314 | |||||||||||||
1,349,519 | FGLMC | 3.500 | 10/01/45 | 1,464,287 | |||||||||||||
1,462,445 | FGLMC | 4.000 | 12/01/45 | 1,621,856 | |||||||||||||
2,489,307 | FGLMC | 3.500 | 08/01/46 | 2,692,643 | |||||||||||||
6,658,349 | FGLMC | 3.000 | 01/01/47 | 7,037,219 | |||||||||||||
4,646,289 | FGLMC | 3.000 | 02/01/47 | 4,914,601 | |||||||||||||
3,146,052 | FGLMC | 3.500 | 02/01/47 | 3,361,744 | |||||||||||||
325,575 | FGLMC | 4.500 | 06/01/47 | 365,567 | |||||||||||||
535,078 | FGLMC | 4.000 | 09/01/47 | 589,951 | |||||||||||||
108,836 | FGLMC | 3.500 | 12/01/47 | 117,558 |
225 |
TIAA-CREF FUNDS - Core Impact Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 15,743,522 | FGLMC | 3.500 | % | 03/01/48 | $ | 16,987,129 | ||||||||||
1,670,319 | FGLMC | 4.000 | 03/01/48 | 1,834,340 | |||||||||||||
616,282 | FGLMC | 4.000 | 07/01/48 | 673,611 | |||||||||||||
2,574,704 | FGLMC | 4.500 | 08/01/48 | 2,867,693 | |||||||||||||
3,750,000 | Federal National Mortgage Association (FNMA) | 2.125 | 04/24/26 | 3,965,270 | |||||||||||||
138,938 | FNMA | 3.500 | 07/01/26 | 148,287 | |||||||||||||
5,680,393 | i | FNMA | 2.805 | 02/25/27 | 6,126,279 | ||||||||||||
10,000,000 | i | FNMA | 3.325 | 06/25/28 | 11,129,490 | ||||||||||||
475,383 | FNMA | 3.500 | 05/01/32 | 513,718 | |||||||||||||
7,544,568 | FNMA | 3.000 | 10/01/32 | 7,969,457 | |||||||||||||
67,000,000 | h | FNMA | 2.000 | 04/25/36 | 68,760,258 | ||||||||||||
40,900,000 | h | FNMA | 2.500 | 05/25/32 | 42,534,402 | ||||||||||||
164,510 | FNMA | 5.500 | 11/01/38 | 193,342 | |||||||||||||
6,846,187 | FNMA | 3.000 | 05/01/40 | 7,171,846 | |||||||||||||
2,016,956 | FNMA | 3.500 | 05/01/40 | 2,139,765 | |||||||||||||
548,917 | FNMA | 5.000 | 09/01/40 | 634,128 | |||||||||||||
595,066 | FNMA | 5.000 | 04/01/41 | 692,259 | |||||||||||||
2,576,846 | FNMA | 4.000 | 09/01/42 | 2,824,768 | |||||||||||||
564,605 | FNMA | 3.000 | 04/25/43 | 585,725 | |||||||||||||
1,101,143 | i | FNMA | LIBOR 1 M + 5.950% | 5.841 | 09/25/43 | 258,583 | |||||||||||
1,087,029 | FNMA | 4.000 | 01/01/44 | 1,203,236 | |||||||||||||
63,542 | FNMA | 4.500 | 06/01/44 | 70,556 | |||||||||||||
414,165 | FNMA | 4.500 | 06/01/44 | 464,902 | |||||||||||||
190,067 | FNMA | 4.500 | 08/01/44 | 213,321 | |||||||||||||
379,762 | FNMA | 4.500 | 11/01/44 | 426,426 | |||||||||||||
1,087,233 | FNMA | 4.000 | 01/01/45 | 1,198,252 | |||||||||||||
314,289 | FNMA | 3.000 | 02/25/45 | 327,775 | |||||||||||||
611,507 | FNMA | 3.000 | 02/25/45 | 630,286 | |||||||||||||
418,996 | FNMA | 4.500 | 03/01/45 | 470,547 | |||||||||||||
574,481 | FNMA | 3.000 | 03/25/45 | 594,979 | |||||||||||||
660 | FNMA | 3.500 | 04/25/45 | 682 | |||||||||||||
1,390,066 | FNMA | 4.000 | 06/01/45 | 1,536,109 | |||||||||||||
1,551,649 | FNMA | 4.000 | 12/01/45 | 1,715,731 | |||||||||||||
2,090,717 | FNMA | 3.000 | 12/25/45 | 2,168,710 | |||||||||||||
951,599 | FNMA | 3.500 | 01/01/46 | 1,028,402 | |||||||||||||
211,231 | FNMA | 4.000 | 01/01/46 | 232,950 | |||||||||||||
251,101 | FNMA | 4.000 | 03/01/46 | 276,268 | |||||||||||||
1,511,115 | FNMA | 3.500 | 06/01/46 | 1,635,005 | |||||||||||||
1,831,479 | FNMA | 3.500 | 07/01/46 | 1,981,165 | |||||||||||||
2,586,042 | FNMA | 3.500 | 07/01/46 | 2,808,721 | |||||||||||||
2,832,173 | FNMA | 3.500 | 08/01/46 | 3,064,369 | |||||||||||||
5,350,210 | FNMA | 3.000 | 10/01/46 | 5,486,474 | |||||||||||||
10,382,170 | FNMA | 3.000 | 11/01/46 | 10,968,603 | |||||||||||||
5,497,295 | FNMA | 3.500 | 01/01/47 | 5,851,164 | |||||||||||||
611,979 | FNMA | 3.000 | 04/25/47 | 650,619 | |||||||||||||
215,824 | FNMA | 4.500 | 05/01/47 | 241,631 | |||||||||||||
5,309,653 | FNMA | 3.500 | 08/01/47 | 5,682,968 | |||||||||||||
6,982,610 | FNMA | 4.000 | 09/01/47 | 7,532,701 | |||||||||||||
1,425,653 | FNMA | 4.000 | 10/01/47 | 1,530,698 | |||||||||||||
456,995 | FNMA | 3.000 | 11/01/47 | 468,668 | |||||||||||||
6,173,391 | FNMA | 3.500 | 11/01/47 | 6,689,479 | |||||||||||||
432,919 | FNMA | 4.500 | 11/01/47 | 482,017 | |||||||||||||
7,793,928 | FNMA | 4.000 | 12/01/47 | 8,561,513 | |||||||||||||
8,063,998 | FNMA | 4.000 | 12/01/47 | 8,701,588 |
226 |
TIAA-CREF FUNDS - Core Impact Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 150,296 | FNMA | 3.500 | % | 01/01/48 | $ | 162,100 | ||||||||||
58,579 | FNMA | 3.500 | 01/01/48 | 63,203 | |||||||||||||
6,308,299 | FNMA | 3.500 | 01/01/48 | 6,691,650 | |||||||||||||
1,483,421 | FNMA | 4.500 | 01/01/48 | 1,649,858 | |||||||||||||
19,797,206 | FNMA | 3.500 | 02/01/48 | 20,934,750 | |||||||||||||
350,482 | FNMA | 4.000 | 02/01/48 | 377,048 | |||||||||||||
392,726 | FNMA | 4.500 | 02/01/48 | 437,248 | |||||||||||||
3,272,322 | FNMA | 3.000 | 02/25/48 | 3,457,910 | |||||||||||||
18,825,976 | FNMA | 3.500 | 03/01/48 | 19,965,840 | |||||||||||||
878,791 | FNMA | 4.000 | 03/01/48 | 964,745 | |||||||||||||
1,679,122 | FNMA | 4.500 | 03/01/48 | 1,869,475 | |||||||||||||
33,966,462 | FNMA | 3.500 | 04/01/48 | 36,009,921 | |||||||||||||
6,809,512 | FNMA | 4.000 | 04/01/48 | 7,323,548 | |||||||||||||
1,060,947 | FNMA | 4.500 | 05/01/48 | 1,181,229 | |||||||||||||
795,662 | FNMA | 4.500 | 05/01/48 | 885,870 | |||||||||||||
424,684 | FNMA | 5.000 | 08/01/48 | 481,059 | |||||||||||||
17,619,510 | FNMA | 4.500 | 10/01/48 | 19,943,830 | |||||||||||||
1,088,544 | FNMA | 3.000 | 11/01/48 | 1,135,612 | |||||||||||||
123,145,000 | h | FNMA | 3.000 | 04/25/51 | 128,268,024 | ||||||||||||
718,081 | FNMA | 3.000 | 08/01/49 | 761,814 | |||||||||||||
9,680,874 | FNMA | 3.000 | 01/25/50 | 10,097,773 | |||||||||||||
137,500,000 | h | FNMA | 2.500 | 05/25/51 | 140,803,223 | ||||||||||||
20,908,694 | FNMA | 3.000 | 07/01/50 | 22,245,384 | |||||||||||||
5,972,888 | FNMA | 2.000 | 08/25/50 | 739,478 | |||||||||||||
5,721,896 | FNMA | 3.000 | 02/25/51 | 914,268 | |||||||||||||
37,190,000 | h | FNMA | 2.000 | 04/25/51 | 37,120,269 | ||||||||||||
58,640,000 | h | FNMA | 2.500 | 04/25/51 | 60,174,719 | ||||||||||||
99,600,000 | h | FNMA | 2.000 | 05/25/51 | 99,230,391 | ||||||||||||
668,018 | Government National Mortgage Association (GNMA) | 2.690 | 06/15/33 | 689,548 | |||||||||||||
47,365 | GNMA | 5.000 | 06/20/42 | 54,497 | |||||||||||||
12,100,222 | GNMA | 2.750 | 01/15/45 | 12,686,147 | |||||||||||||
1,113,136 | GNMA | 4.000 | 06/20/46 | 146,339 | |||||||||||||
4,923,324 | GNMA | 3.500 | 12/20/46 | 5,237,980 | |||||||||||||
3,524,214 | GNMA | 3.500 | 01/20/47 | 3,750,788 | |||||||||||||
1,788,144 | GNMA | 3.500 | 01/20/49 | 1,947,558 | |||||||||||||
2,743 | GNMA | 4.000 | 07/20/49 | 2,934 | |||||||||||||
51,874,731 | GNMA | 3.000 | 08/20/50 | 54,072,235 | |||||||||||||
2,635,842 | GNMA | 3.500 | 10/20/50 | 2,911,381 | |||||||||||||
39,325,000 | h | GNMA | 2.000 | 04/20/51 | 39,705,961 | ||||||||||||
133,150,000 | h | GNMA | 2.500 | 04/20/51 | 137,383,755 | ||||||||||||
29,945,000 | h | GNMA | 3.000 | 04/20/47 | 31,195,438 | ||||||||||||
43,400,000 | h | GNMA | 2.000 | 05/20/51 | 43,749,235 | ||||||||||||
TOTAL MORTGAGE BACKED | 1,335,232,948 | ||||||||||||||||
MUNICIPAL BONDS - 7.5% | |||||||||||||||||
2,000,000 | Brunswick & Glynn County Development Authority | 3.060 | 04/01/25 | 2,152,706 | |||||||||||||
500,000 | California Earthquake Authority | 1.227 | 07/01/21 | 501,207 | |||||||||||||
3,000,000 | California Earthquake Authority | 1.477 | 07/01/23 | 3,076,216 | |||||||||||||
1,310,000 | g | California Municipal Finance Authority | 4.250 | 11/01/23 | 1,310,002 | ||||||||||||
6,400,000 | g | California Municipal Finance Authority | 6.375 | 11/15/48 | 6,413,107 | ||||||||||||
10,000,000 | Chicago Housing Authority | 4.361 | 01/01/38 | 11,204,958 |
227 |
TIAA-CREF FUNDS - Core Impact Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 16,465,000 | Chicago Metropolitan Water Reclamation District-Greater Chicago | 5.720 | % | 12/01/38 | $ | 21,902,028 | ||||||||||
1,000,000 | Chicago Park District | 4.095 | 01/01/26 | 1,093,479 | |||||||||||||
625,000 | Chula Vista Municipal Financing Authority | 3.775 | 12/01/33 | 651,990 | |||||||||||||
1,350,000 | Chula Vista Municipal Financing Authority | 3.975 | 12/01/38 | 1,390,391 | |||||||||||||
740,000 | Chula Vista Municipal Financing Authority | 4.075 | 12/01/41 | 760,483 | |||||||||||||
4,300,000 | Chula Vista Municipal Financing Authority | 4.275 | 12/01/48 | 4,458,929 | |||||||||||||
5,730,000 | City & County of Honolulu HI | 3.944 | 09/01/34 | 6,462,449 | |||||||||||||
935,000 | City & County of San Francisco CA | 3.700 | 04/01/34 | 991,223 | |||||||||||||
440,000 | City & County of San Francisco CA | 3.750 | 04/01/35 | 464,786 | |||||||||||||
5,835,000 | City & County of San Francisco CA | 3.900 | 04/01/42 | 6,155,107 | |||||||||||||
5,405,000 | City & County of San Francisco CA Community Facilities District | 3.750 | 09/01/37 | 5,698,282 | |||||||||||||
4,610,000 | City & County of San Francisco CA Community Facilities District | 4.221 | 09/01/39 | 5,036,617 | |||||||||||||
5,000,000 | City & County of San Francisco CA Community Facilities District | 4.000 | 09/01/48 | 5,196,567 | |||||||||||||
1,925,000 | City of Berkeley CA | 3.250 | 09/01/35 | 1,982,744 | |||||||||||||
8,885,000 | City of Berkeley CA | 3.750 | 09/01/43 | 9,281,990 | |||||||||||||
510,000 | City of Chicago IL | 7.750 | 01/01/42 | 565,569 | |||||||||||||
2,490,000 | City of Chicago IL | 7.750 | 01/01/42 | 3,116,168 | |||||||||||||
525,000 | City of Detroit MI | 3.644 | 04/01/34 | 511,111 | |||||||||||||
2,750,000 | City of Florence SC | 4.250 | 12/01/34 | 2,875,144 | |||||||||||||
4,000,000 | City of Los Angeles CA | 3.500 | 09/01/37 | 4,221,287 | |||||||||||||
9,060,000 | City of Los Angeles CA | 3.880 | 09/01/38 | 9,832,648 | |||||||||||||
870,000 | g | City of Miami FL | 4.808 | 01/01/39 | 946,959 | ||||||||||||
170,000 | City of Mount Shasta CA | 4.000 | 08/01/29 | 206,987 | |||||||||||||
190,000 | City of Mount Shasta CA | 3.000 | 08/01/32 | 208,630 | |||||||||||||
2,685,000 | City of Oakland CA | 1.830 | 01/15/27 | 2,675,606 | |||||||||||||
2,000,000 | City of San Angelo TX Water & Sewer Revenue | 4.401 | 02/15/46 | 2,053,414 | |||||||||||||
12,615,000 | City of San Francisco CA Public Utilities Commission Water Revenue | 3.303 | 11/01/39 | 13,337,037 | |||||||||||||
18,410,000 | City of San Francisco CA Public Utilities Commission Water Revenue | 2.825 | 11/01/41 | 18,555,154 | |||||||||||||
5,750,000 | City of San Francisco CA Public Utilities Commission Water Revenue | 4.185 | 11/01/46 | 6,211,777 | |||||||||||||
1,385,000 | City of San Juan Capistrano CA | 4.190 | 08/01/40 | 1,496,437 | |||||||||||||
360,000 | Clean Water Services | 5.701 | 10/01/30 | 444,950 | |||||||||||||
2,730,000 | Commonwealth Financing Authority | 3.864 | 06/01/38 | 3,048,748 | |||||||||||||
12,450,000 | i | Connecticut Housing Finance Authority | SOFR + 0.650% | 0.660 | 05/15/49 | 12,451,884 | |||||||||||
5,000,000 | County of Alameda CA | 3.820 | 08/01/38 | 5,423,857 | |||||||||||||
1,500,000 | County of Miami-Dade FL Aviation Revenue | 2.218 | 10/01/22 | 1,540,626 | |||||||||||||
12,020,000 | County of Miami-Dade FL Water & Sewer System Revenue | 3.490 | 10/01/42 | 12,337,784 | |||||||||||||
2,730,000 | County of Saline AR | 4.000 | 06/01/37 | 2,798,689 | |||||||||||||
3,500,000 | District of Columbia | 3.432 | 04/01/42 | 3,439,854 | |||||||||||||
1,900,000 | District of Columbia Water & Sewer Authority | 4.814 | 10/01/14 | 2,465,261 | |||||||||||||
1,550,000 | †,g,q | Finance Authority of Maine | 5.375 | 12/15/33 | 852,500 | ||||||||||||
500,000 | †,q | Finance Authority of Maine | 5.250 | 06/15/34 | 275,000 | ||||||||||||
6,844,477 | g | Freddie Mac Multifamily ML Certificates | 1.877 | 07/25/37 | 6,809,608 | ||||||||||||
40,656,000 | † | Freddie Mac Multifamily ML Certificates | 1.746 | 11/25/37 | 6,851,032 | ||||||||||||
3,247,689 | g | Freddie Mac Multifamily ML Certificates | 1.896 | 11/25/37 | 3,228,510 | ||||||||||||
20,000,000 | Grant County Public Utility District No 2 | 2.918 | 01/01/40 | 20,459,988 | |||||||||||||
9,405,000 | Grant County Public Utility District No 2 | 3.210 | 01/01/40 | 9,834,533 |
228 |
TIAA-CREF FUNDS - Core Impact Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 9,375,000 | Great Lakes Water Authority Sewage Disposal System Revenue | 3.056 | % | 07/01/39 | $ | 9,544,452 | ||||||||||
13,265,000 | Great Lakes Water Authority Water Supply System Revenue | 3.473 | 07/01/41 | 14,063,130 | |||||||||||||
1,180,000 | Idaho State Building Authority | 3.202 | 09/01/37 | 1,208,355 | |||||||||||||
3,105,000 | Jackson County Industrial Development Authority | 4.250 | 05/01/39 | 3,217,709 | |||||||||||||
2,000,000 | Kern County Water Agency Improvement District No 4 | 4.276 | 05/01/36 | 2,284,999 | |||||||||||||
450,000 | Klickitat County Public Utilities | 3.688 | 12/01/38 | 462,795 | |||||||||||||
1,000,000 | Lavaca-Navidad River Authority | 4.430 | 08/01/35 | 1,052,962 | |||||||||||||
7,690,000 | Los Angeles Community College District | 2.106 | 08/01/32 | 7,556,756 | |||||||||||||
3,125,000 | Maryland Community Development Administration Housing Revenue | 3.797 | 03/01/39 | 3,236,497 | |||||||||||||
3,000,000 | Massachusetts St. Water Pollution Abatement | 5.192 | 08/01/40 | 3,443,237 | |||||||||||||
6,000,000 | Massachusetts Water Resources Authority | 3.104 | 08/01/39 | 6,282,074 | |||||||||||||
10,735,000 | Metropolitan Transportation Authority | 5.175 | 11/15/49 | 13,297,362 | |||||||||||||
4,065,000 | New York City Housing Development Corp | 3.119 | 08/01/38 | 4,078,848 | |||||||||||||
2,500,000 | New York City Housing Development Corp | 3.720 | 11/01/39 | 2,592,254 | |||||||||||||
1,370,000 | New York State Energy Research & Development Authority | 2.465 | 10/01/26 | 1,364,764 | |||||||||||||
1,210,000 | New York State Energy Research & Development Authority | 2.665 | 10/01/27 | 1,203,211 | |||||||||||||
1,045,000 | New York State Energy Research & Development Authority | 2.879 | 10/01/28 | 1,029,920 | |||||||||||||
680,000 | New York State Energy Research & Development Authority | 4.577 | 04/01/35 | 726,075 | |||||||||||||
2,115,000 | New York State Environmental Facilities Corp | 3.420 | 07/15/26 | 2,338,301 | |||||||||||||
1,500,000 | New York Transportation Development Corp | 1.610 | 12/01/22 | 1,513,790 | |||||||||||||
7,500,000 | New York Transportation Development Corp | 5.000 | 01/01/26 | 8,760,192 | |||||||||||||
1,500,000 | g | Ohio Air Quality Development Authority | 4.250 | 01/15/38 | 1,656,769 | ||||||||||||
2,000,000 | g | Ohio Air Quality Development Authority | 4.500 | 01/15/48 | 2,220,233 | ||||||||||||
13,180,000 | Ohio State Water Development Authority | 4.879 | 12/01/34 | 15,529,494 | |||||||||||||
5,750,000 | †,g,q | Oregon State Business Development Commission | 6.500 | 04/01/31 | 1,840,000 | ||||||||||||
2,000,000 | †,q | Oregon State Business Development Commission | 11.500 | 04/01/31 | 640,000 | ||||||||||||
2,665,000 | Papio-Missouri River Natural Resource District | 2.198 | 12/15/25 | 2,761,437 | |||||||||||||
2,080,000 | Papio-Missouri River Natural Resource District | 2.318 | 12/15/26 | 2,148,507 | |||||||||||||
3,250,000 | Papio-Missouri River Natural Resource District | 2.482 | 12/15/27 | 3,364,582 | |||||||||||||
2,725,000 | Pend Oreille County Public Utility District No Box Canyon | 5.000 | 01/01/30 | 2,781,280 | |||||||||||||
7,250,000 | g | Pennsylvania Economic Development Financing Authority | 10.000 | 12/01/29 | 7,381,469 | ||||||||||||
100,000 | †,g | Pennsylvania Economic Development Financing Authority | 5.750 | 06/01/36 | 60,000 | ||||||||||||
1,735,000 | g | Public Finance Authority | 9.000 | 06/01/29 | 1,722,453 | ||||||||||||
1,000,000 | Rhode Island Housing & Mortgage Finance Corp | 3.300 | 10/01/39 | 1,022,835 | |||||||||||||
1,450,000 | Rhode Island Housing & Mortgage Finance Corp | 3.400 | 10/01/44 | 1,475,197 | |||||||||||||
6,950,000 | Rhode Island Housing & Mortgage Finance Corp | 3.500 | 10/01/51 | 7,095,187 | |||||||||||||
1,000,000 | San Francisco City & County Redevelopment Agency | 3.533 | 08/01/25 | 1,083,472 | |||||||||||||
1,000,000 | San Francisco City & County Redevelopment Agency | 4.375 | 08/01/44 | 1,064,683 | |||||||||||||
250,000 | Sangamon County Water Reclamation District | 2.507 | 01/01/29 | 249,637 |
229 |
TIAA-CREF FUNDS - Core Impact Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 2,500,000 | Sangamon County Water Reclamation District | 2.907 | % | 01/01/34 | $ | 2,420,636 | ||||||||||
2,050,000 | Sangamon County Water Reclamation District | 3.272 | 01/01/37 | 1,968,754 | |||||||||||||
3,000,000 | Semitropic Improvement District | 2.499 | 12/01/25 | 3,132,770 | |||||||||||||
255,000 | g | South Davis Sewer District | 3.750 | 12/01/22 | 257,203 | ||||||||||||
1,000,000 | South Davis Sewer District | 4.125 | 12/01/32 | 1,088,382 | |||||||||||||
1,100,000 | South Davis Sewer District | 4.500 | 12/01/37 | 1,203,148 | |||||||||||||
2,090,000 | State of California | 4.600 | 04/01/38 | 2,413,811 | |||||||||||||
2,480,000 | State of California | 4.988 | 04/01/39 | 2,677,450 | |||||||||||||
10,750,000 | i | State of California | LIBOR 1 M + 0.780% | 0.899 | 04/01/47 | 10,759,691 | |||||||||||
1,000,000 | State of Texas | 3.726 | 08/01/43 | 1,039,202 | |||||||||||||
6,625,000 | Stockton Public Financing Authority | 3.610 | 10/01/40 | 6,856,344 | |||||||||||||
665,000 | Sustainable Energy Utility, Inc | 1.650 | 09/15/22 | 668,811 | |||||||||||||
2,400,000 | g | Syracuse Industrial Development Agency | 5.000 | 01/01/36 | 2,259,798 | ||||||||||||
1,000,000 | Texas Water Development Board | 3.500 | 10/15/37 | 1,057,772 | |||||||||||||
7,500,000 | Texas Water Development Board | 4.190 | 10/15/43 | 8,201,601 | |||||||||||||
3,000,000 | Texas Water Development Board | 3.700 | 10/15/47 | 3,174,622 | |||||||||||||
3,000,000 | Texas Water Development Board | 4.648 | 04/15/50 | 3,228,142 | |||||||||||||
2,000,000 | University of New Mexico | 3.532 | 06/20/32 | 2,115,649 | |||||||||||||
4,400,000 | Upper Santa Clara Valley Joint Powers Authority | 3.875 | 08/01/48 | 4,617,833 | |||||||||||||
5,000,000 | Vermont Educational & Health Buildings Financing Agency | 4.000 | 12/01/42 | 5,296,855 | |||||||||||||
750,000 | Vermont Educational & Health Buildings Financing Agency | 4.000 | 12/01/46 | 790,640 | |||||||||||||
1,000,000 | g | Warm Springs Reservation Confederated Tribe | 3.300 | 11/01/27 | 1,028,036 | ||||||||||||
1,250,000 | g | Warm Springs Reservation Confederated Tribe | 3.550 | 11/01/32 | 1,260,840 | ||||||||||||
530,000 | Washington County Clean Water Services | 5.078 | 10/01/24 | 605,825 | |||||||||||||
1,905,000 | g,q | Washington Economic Development Finance Authority | 7.500 | 01/01/32 | 1,428,750 | ||||||||||||
650,000 | Yuba City Public Financing Authority | 3.960 | 06/01/32 | 698,631 | |||||||||||||
1,500,000 | Yuba City Public Financing Authority | 4.320 | 06/01/42 | 1,596,996 | |||||||||||||
1,000,000 | Yuba Levee Financing Authority | 3.170 | 09/01/22 | 1,030,851 | |||||||||||||
TOTAL MUNICIPAL BONDS | 471,495,974 | ||||||||||||||||
U.S. TREASURY SECURITIES - 6.0% | |||||||||||||||||
2,500,000 | United States Treasury Bond | 3.125 | 05/15/48 | 2,866,992 | |||||||||||||
2,500,000 | United States Treasury Bond | 3.000 | 02/15/49 | 2,808,594 | |||||||||||||
20,740,400 | k | United States Treasury Inflation Indexed Bonds | 0.500 | 04/15/24 | 22,481,189 | ||||||||||||
12,742,625 | k | United States Treasury Inflation Indexed Bonds | 0.125 | 10/15/24 | 13,782,941 | ||||||||||||
15,100,000 | United States Treasury Note | 0.125 | 12/31/22 | 15,093,512 | |||||||||||||
11,140,000 | United States Treasury Note | 0.125 | 03/31/23 | 11,132,602 | |||||||||||||
26,730,000 | United States Treasury Note | 0.250 | 03/15/24 | 26,658,998 | |||||||||||||
1,092,000 | United States Treasury Note | 1.875 | 08/31/24 | 1,143,785 | |||||||||||||
1,395,000 | United States Treasury Note | 2.250 | 10/31/24 | 1,480,117 | |||||||||||||
620,000 | United States Treasury Note | 2.875 | 04/30/25 | 675,122 | |||||||||||||
50,207,000 | United States Treasury Note | 0.750 | 03/31/26 | 49,771,611 | |||||||||||||
3,235,000 | United States Treasury Note | 0.500 | 10/31/27 | 3,064,025 | |||||||||||||
6,025,000 | United States Treasury Note | 0.625 | 11/30/27 | 5,745,402 | |||||||||||||
20,935,000 | United States Treasury Note | 1.125 | 02/29/28 | 20,568,638 | |||||||||||||
5,000,000 | United States Treasury Note | 1.250 | 03/31/28 | 4,948,438 | |||||||||||||
77,990,000 | e | United States Treasury Note | 1.125 | 02/15/31 | 73,688,364 | ||||||||||||
21,508,000 | United States Treasury Note | 1.875 | 02/15/41 | 20,025,964 | |||||||||||||
53,510,000 | United States Treasury Note | 1.375 | 08/15/50 | 41,754,522 | |||||||||||||
52,567,000 | United States Treasury Note | 1.625 | 11/15/50 | 43,803,095 | |||||||||||||
18,125,000 | United States Treasury Note | 1.875 | 02/15/51 | 16,085,938 |
230 |
TIAA-CREF FUNDS - Core Impact Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
TOTAL U.S. TREASURY SECURITIES | $ | 377,579,849 | |||||||||||||||
TOTAL GOVERNMENT BONDS | 2,826,981,196 | ||||||||||||||||
(Cost $2,804,458,670) | |||||||||||||||||
STRUCTURED ASSETS - 9.4% | |||||||||||||||||
ASSET BACKED - 4.0% | |||||||||||||||||
$ | 324,688 | g | AMSR Trust | 1.819 | % | 04/17/37 | 328,550 | ||||||||||
Series - 2020 SFR1 (Class A) | |||||||||||||||||
450,000 | g | AMSR Trust | 3.148 | 01/19/39 | 467,377 | ||||||||||||
Series - 2019 SFR1 (Class C) | |||||||||||||||||
400,000 | g | AMSR Trust | 3.247 | 01/19/39 | 413,860 | ||||||||||||
Series - 2019 SFR1 (Class D) | |||||||||||||||||
5,000,000 | g,i | AREIT Trust | LIBOR 1 M + 1.020% | 1.126 | 09/14/36 | 5,000,819 | |||||||||||
Series - 2019 CRE3 (Class A) | |||||||||||||||||
361,512 | i | Asset Backed Securities Corp Home Equity Loan Trust | LIBOR 1 M + 0.900% | 3.386 | 08/25/34 | 353,362 | |||||||||||
Series - 2004 HE5 (Class M1) | |||||||||||||||||
350,000 | i | Bayview Financial Mortgage Pass-Through Trust | LIBOR 1 M + 0.975% | 1.084 | 02/28/41 | 349,476 | |||||||||||
Series - 2006 A (Class M3) | |||||||||||||||||
5,000,000 | g,i | BFLD Trust | LIBOR 1 M + 2.100% | 2.206 | 10/15/35 | 5,050,008 | |||||||||||
Series - 2020 EYP (Class C) | |||||||||||||||||
919,388 | g | Capital Automotive REIT | 3.660 | 10/15/44 | 920,648 | ||||||||||||
Series - 2014 1A (Class A) | |||||||||||||||||
917,022 | g | Capital Automotive REIT | 3.870 | 04/15/47 | 918,552 | ||||||||||||
Series - 2017 1A (Class A1) | |||||||||||||||||
193,723 | i | C-BASS Trust | LIBOR 1 M + 0.080% | 0.189 | 07/25/36 | 187,942 | |||||||||||
Series - 2006 CB6 (Class A1) | |||||||||||||||||
1,447,025 | †,g,i | CBRE Realty Finance | LIBOR 3 M + 0.300% | 0.520 | 04/07/52 | 3,618 | |||||||||||
Series - 2007 1A (Class A2) | |||||||||||||||||
1,750,181 | i | Chase Funding Loan Acquisition Trust | LIBOR 1 M + 0.855% | 0.964 | 06/25/34 | 1,709,663 | |||||||||||
Series - 2004 OPT1 (Class M1) | |||||||||||||||||
1,005,683 | g | Corevest American Finance Trust | 1.832 | 03/15/50 | 1,021,942 | ||||||||||||
Series - 2020 1 (Class A1) | |||||||||||||||||
970,000 | g | DB Master Finance LLC | 3.629 | 11/20/47 | 987,683 | ||||||||||||
Series - 2017 1A (Class A2I) | |||||||||||||||||
1,846,875 | g | DB Master Finance LLC | 3.787 | 05/20/49 | 1,884,533 | ||||||||||||
Series - 2019 1A (Class A2I) | |||||||||||||||||
861,750 | g | Domino’s Pizza Master Issuer LLC | 4.474 | 10/25/45 | 909,991 | ||||||||||||
Series - 2015 1A (Class A2II) | |||||||||||||||||
3,007,000 | g | Domino’s Pizza Master Issuer LLC | 3.082 | 07/25/47 | 3,011,781 | ||||||||||||
Series - 2017 1A (Class A2II) | |||||||||||||||||
782,000 | g | Domino’s Pizza Master Issuer LLC | 4.116 | 07/25/48 | 821,718 | ||||||||||||
Series - 2018 1A (Class A2I) | |||||||||||||||||
581,150 | g,i | Ellington Loan Acquisition Trust | LIBOR 1 M + 1.100% | 1.209 | 05/25/37 | 582,048 | |||||||||||
Series - 2007 2 (Class A2C) | |||||||||||||||||
7,789,000 | g | GSCG Trust | 2.936 | 09/06/34 | 7,997,776 | ||||||||||||
Series - 2019 600C (Class A) | |||||||||||||||||
1,086,040 | g | HERO Funding Trust | 3.840 | 09/21/40 | 1,138,964 | ||||||||||||
Series - 2015 1A (Class A) | |||||||||||||||||
243,878 | †,g | HERO Funding Trust | 3.990 | 09/21/40 | 253,035 | ||||||||||||
Series - 2014 2A (Class A) | |||||||||||||||||
1,294,140 | g | HERO Funding Trust | 3.750 | 09/20/41 | 1,335,772 | ||||||||||||
Series - 2016 2A (Class A) |
231 |
TIAA-CREF FUNDS - Core Impact Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 1,067,871 | g | HERO Funding Trust | 4.050 | % | 09/20/41 | $ | 1,116,948 | |||||||||
Series - 2016 1A (Class A) | |||||||||||||||||
2,774,824 | g | HERO Funding Trust | 3.080 | 09/20/42 | 2,849,822 | ||||||||||||
Series - 2016 3A (Class A1) | |||||||||||||||||
2,503,473 | g | HERO Funding Trust | 3.910 | 09/20/42 | 2,584,450 | ||||||||||||
Series - 2016 3A (Class A2) | |||||||||||||||||
2,434,163 | g | HERO Funding Trust | 3.570 | 09/20/47 | 2,534,909 | ||||||||||||
Series - 2016 4A (Class A1) | |||||||||||||||||
2,351,769 | g | HERO Funding Trust | 3.710 | 09/20/47 | 2,444,667 | ||||||||||||
Series - 2017 1A (Class A1) | |||||||||||||||||
360,617 | g | HERO Funding Trust | 4.290 | 09/20/47 | 375,589 | ||||||||||||
Series - 2016 4A (Class A2) | |||||||||||||||||
3,997,868 | g | HERO Funding Trust | 3.190 | 09/20/48 | 4,178,787 | ||||||||||||
Series - 2017 3A (Class A1) | |||||||||||||||||
3,741,053 | g | HERO Funding Trust | 3.950 | 09/20/48 | 3,968,244 | ||||||||||||
Series - 2017 3A (Class A2) | |||||||||||||||||
1,556,607 | g | HERO Funding Trust | 4.070 | 09/20/48 | 1,605,615 | ||||||||||||
Series - 2017 2A (Class A2) | |||||||||||||||||
5,519,050 | g | HERO Funding Trust | 4.670 | 09/20/48 | 6,054,091 | ||||||||||||
Series - 2018 1A (Class A2) | |||||||||||||||||
4,002,551 | g | HERO Funding Trust | 2.720 | 09/20/57 | 4,051,113 | ||||||||||||
Series - 2020 1A (Class A) | |||||||||||||||||
41,996 | i | Home Equity Asset Trust | LIBOR 1 M + 1.500% | 3.986 | 06/25/33 | 42,426 | |||||||||||
Series - 2003 1 (Class M1) | |||||||||||||||||
99,980 | g,i | Invitation Homes Trust | LIBOR 1 M + 1.450% | 1.556 | 06/17/37 | 100,062 | |||||||||||
Series - 2018 SFR2 (Class D) | |||||||||||||||||
500,000 | g,i | Invitation Homes Trust | LIBOR 1 M + 1.250% | 1.358 | 01/17/38 | 502,358 | |||||||||||
Series - 2018 SFR4 (Class B) | |||||||||||||||||
361,002 | i | JP Morgan Mortgage Acquisition Trust | LIBOR 1 M + 0.320% | 0.429 | 03/25/37 | 357,521 | |||||||||||
Series - 2007 CH3 (Class A1B) | |||||||||||||||||
1,904,250 | i | JP Morgan Mortgage Acquisition Trust | LIBOR 1 M + 0.160% | 0.269 | 06/25/37 | 1,873,255 | |||||||||||
Series - 2007 CH5 (Class A1) | |||||||||||||||||
5,018,203 | g | Loanpal Solar Loan Ltd | 2.750 | 07/20/47 | 5,084,654 | ||||||||||||
Series - 2020 2GF (Class A) | |||||||||||||||||
2,687,438 | g | Loanpal Solar Loan Ltd | 2.290 | 01/20/48 | 2,687,543 | ||||||||||||
Series - 2021 1GS (Class A) | |||||||||||||||||
3,200,000 | g | Loanpal Solar Loan Ltd | 2.840 | 01/20/48 | 3,131,460 | ||||||||||||
Series - 2021 1GS (Class B) | |||||||||||||||||
7,650,000 | g | Loanpal Solar Loan Ltd | 2.220 | 03/20/48 | 7,639,623 | ||||||||||||
Series - 2021 2GS (Class A) | |||||||||||||||||
2,530,670 | g | Mosaic Solar Loan Trust | 2.100 | 04/20/46 | 2,554,892 | ||||||||||||
Series - 2020 1A (Class A) | |||||||||||||||||
3,215,195 | g | Mosaic Solar Loan Trust | 3.100 | 04/20/46 | 3,350,959 | ||||||||||||
Series - 2020 1A (Class B) | |||||||||||||||||
3,154,090 | g | Mosaic Solar Loans LLC | 3.820 | 06/22/43 | 3,391,041 | ||||||||||||
Series - 2017 2A (Class A) | |||||||||||||||||
290,000 | g,i | MSCG Trust | 3.462 | 06/07/35 | 225,963 | ||||||||||||
Series - 2015 ALDR (Class D) | |||||||||||||||||
474,034 | g | MVW Owner Trust | 2.420 | 12/20/34 | 484,374 | ||||||||||||
Series - 2017 1A (Class A) | |||||||||||||||||
4,000,000 | PSNH Funding LLC | 3.506 | 08/01/28 | 4,381,421 | |||||||||||||
Series - 2018 1 (Class A2) | |||||||||||||||||
228,695 | i | RASC Trust | LIBOR 1 M + 0.590% | 3.080 | 08/25/35 | 228,770 | |||||||||||
Series - 2005 KS8 (Class M4) |
232 |
TIAA-CREF FUNDS - Core Impact Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 1,111,056 | g | Renew | 3.670 | % | 09/20/52 | $ | 1,179,604 | |||||||||
Series - 2017 1A (Class A) | |||||||||||||||||
3,059,463 | g | Renew | 3.950 | 09/20/53 | 3,275,712 | ||||||||||||
Series - 2018 1 (Class A) | |||||||||||||||||
5,750,000 | †,g | Renew | 2.060 | 11/20/56 | 5,749,136 | ||||||||||||
Series - 2021 1 (Class A) | |||||||||||||||||
4,000,000 | SCE Recovery Funding LLC | 0.861 | 11/15/31 | 3,876,467 | |||||||||||||
75,695 | g | SolarCity LMC | 4.800 | 11/20/38 | 79,501 | ||||||||||||
Series - 2013 1 (Class A) | |||||||||||||||||
2,997,220 | g | SolarCity LMC | 4.590 | 04/20/44 | 2,999,192 | ||||||||||||
Series - 2014 1 (Class A) | |||||||||||||||||
683,825 | g | SolarCity LMC | 4.020 | 07/20/44 | 692,904 | ||||||||||||
Series - 2014 2 (Class A) | |||||||||||||||||
2,524,862 | g | SolarCity LMC | 4.800 | 09/20/48 | 2,608,057 | ||||||||||||
Series - 2016 A (Class A) | |||||||||||||||||
271,580 | i | Structured Asset Securities Corp Mortgage Loan Trust | LIBOR 1 M + 1.500% | 1.615 | 04/25/35 | 272,327 | |||||||||||
Series - 2005 7XS (Class 2A1A) | |||||||||||||||||
5,447,605 | g | Sunrun Athena Issuer LLC | 5.310 | 04/30/49 | 5,974,892 | ||||||||||||
Series - 2018 1 (Class A) | |||||||||||||||||
6,991,823 | g | Sunrun Atlas Issuer LLC | 3.610 | 02/01/55 | 7,379,583 | ||||||||||||
Series - 2019 2 (Class A) | |||||||||||||||||
16,305,119 | g | Sunrun Callisto Issuer LLC | 3.980 | 06/30/54 | 17,391,834 | ||||||||||||
Series - 2019 1A (Class A) | |||||||||||||||||
10,000,000 | g | Sunrun Vulcan Issuer LLC | 2.460 | 01/30/52 | 9,893,170 | ||||||||||||
Series - 2021 1A (Class A) | |||||||||||||||||
10,278,951 | g | TES LLC | 4.330 | 10/20/47 | 10,684,361 | ||||||||||||
Series - 2017 1A (Class A) | |||||||||||||||||
3,500,000 | g | TES LLC | 7.740 | 10/20/47 | 3,444,919 | ||||||||||||
Series - 2017 1A (Class B) | |||||||||||||||||
4,331,397 | g | TES LLC | 4.120 | 02/20/48 | 4,467,844 | ||||||||||||
Series - 2017 2A (Class A) | |||||||||||||||||
5,814,642 | g | Tesla Auto Lease Trust | 3.710 | 08/20/21 | 5,827,341 | ||||||||||||
Series - 2018 B (Class A) | |||||||||||||||||
2,624,170 | g | Tesla Auto Lease Trust | 2.130 | 04/20/22 | 2,641,124 | ||||||||||||
Series - 2019 A (Class A2) | |||||||||||||||||
4,000,000 | g | Tesla Auto Lease Trust | 7.870 | 06/20/22 | 4,103,306 | ||||||||||||
Series - 2018 B (Class E) | |||||||||||||||||
3,988,000 | g | Tesla Auto Lease Trust | 2.160 | 10/20/22 | 4,058,900 | ||||||||||||
Series - 2019 A (Class A3) | |||||||||||||||||
4,125,000 | g | Tesla Auto Lease Trust | 2.200 | 11/21/22 | 4,223,734 | ||||||||||||
Series - 2019 A (Class A4) | |||||||||||||||||
1,650,000 | g | Tesla Auto Lease Trust | 5.480 | 05/22/23 | 1,742,088 | ||||||||||||
Series - 2019 A (Class E) | |||||||||||||||||
1,000,000 | g | Tesla Auto Lease Trust | 2.330 | 02/20/24 | 1,023,029 | ||||||||||||
Series - 2020 A (Class D) | |||||||||||||||||
6,650,000 | g | Tesla Auto Lease Trust | 0.660 | 03/20/25 | 6,643,596 | ||||||||||||
Series - 2021 A (Class A4) | |||||||||||||||||
10,250,000 | g | Tesla Auto Lease Trust | 1.340 | 03/20/25 | 10,229,336 | ||||||||||||
Series - 2021 A (Class D) | |||||||||||||||||
500,000 | g | Tricon American Homes Trust | 4.011 | 09/17/34 | 506,132 | ||||||||||||
Series - 2017 SFR1 (Class E) |
233 |
TIAA-CREF FUNDS - Core Impact Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 596,570 | g | Tricon American Homes Trust | 2.928 | % | 01/17/36 | $ | 610,674 | |||||||||
Series - 2017 SFR2 (Class A) | |||||||||||||||||
100,000 | g | Tricon American Homes Trust | 3.275 | 01/17/36 | 102,065 | ||||||||||||
Series - 2017 SFR2 (Class B) | |||||||||||||||||
5,519,353 | g | Vivint Colar Financing V LLC | 4.730 | 04/30/48 | 5,923,953 | ||||||||||||
Series - 2018 1A (Class A) | |||||||||||||||||
10,034,907 | g | Vivint Colar Financing V LLC | 7.370 | 04/30/48 | 10,683,597 | ||||||||||||
Series - 2018 1A (Class B) | |||||||||||||||||
4,876,619 | g | Vivint Solar Financing VII LLC | 2.210 | 07/31/51 | 4,799,304 | ||||||||||||
Series - 2020 1A (Class A) | |||||||||||||||||
1,451,250 | g | Wendys Funding LLC | 3.573 | 03/15/48 | 1,491,754 | ||||||||||||
Series - 2018 1A (Class A2I) | |||||||||||||||||
TOTAL ASSET BACKED | 248,029,111 | ||||||||||||||||
OTHER MORTGAGE BACKED - 5.4% | |||||||||||||||||
2,165,000 | g,i | 20 Times Square Trust | 3.100 | 05/15/35 | 2,162,819 | ||||||||||||
Series - 2018 20TS (Class B) | |||||||||||||||||
188,030 | g,i | Agate Bay Mortgage Trust | 3.500 | 11/25/44 | 190,488 | ||||||||||||
Series - 2014 3 (Class A13) | |||||||||||||||||
28,910 | g,i | Agate Bay Mortgage Trust | 3.500 | 09/25/45 | 29,256 | ||||||||||||
Series - 2015 6 (Class A9) | |||||||||||||||||
4,075,000 | g,i | Alen Mortgage Trust | LIBOR 1 M + 2.250% | 2.356 | 04/15/34 | 4,076,216 | |||||||||||
Series - 2021 ACEN (Class C) | |||||||||||||||||
152,580 | i | Alternative Loan Trust | LIBOR 1 M + 0.750% | 0.859 | 06/25/34 | 156,520 | |||||||||||
Series - 2004 8CB (Class M1) | |||||||||||||||||
750,000 | Banc of America Commercial Mortgage Trust | 3.019 | 07/15/49 | 793,186 | |||||||||||||
Series - 2016 UB10 (Class ASB) | |||||||||||||||||
5,000,000 | g | BANK | 2.500 | 10/17/52 | 4,427,073 | ||||||||||||
Series - 2019 BN21 (Class D) | |||||||||||||||||
6,500,000 | i | BANK | 3.517 | 10/17/52 | 6,605,758 | ||||||||||||
Series - 2019 BN21 (Class C) | |||||||||||||||||
2,000,000 | BANK | 3.203 | 12/15/52 | 2,117,818 | |||||||||||||
Series - 2019 BN23 (Class AS) | |||||||||||||||||
8,000,000 | i | BANK | 3.461 | 11/15/62 | 8,125,198 | ||||||||||||
Series - 2019 BN22 (Class C) | |||||||||||||||||
4,500,000 | g,i | BBCMS Mortgage Trust | 4.267 | 08/05/38 | 3,836,112 | ||||||||||||
Series - 2018 CHRS (Class E) | |||||||||||||||||
5,750,000 | g | BBCMS Trust | 3.593 | 09/15/32 | 5,900,664 | ||||||||||||
Series - 2015 MSQ (Class A) | |||||||||||||||||
200,000 | g | BBCMS Trust | 4.197 | 08/10/35 | 223,140 | ||||||||||||
Series - 2015 SRCH (Class A2) | |||||||||||||||||
3,000,000 | g,i | BBCMS Trust | 3.688 | 02/15/53 | 3,092,922 | ||||||||||||
Series - 2020 C6 (Class F5TA) | |||||||||||||||||
1,000,000 | Benchmark Mortgage Trust | 3.419 | 08/15/52 | 1,066,543 | |||||||||||||
Series - 2019 B12 (Class AS) | |||||||||||||||||
5,500,000 | g,i | Benchmark Mortgage Trust | 3.899 | 03/15/62 | 5,734,444 | ||||||||||||
Series - 2019 B10 (Class 3CCA) | |||||||||||||||||
7,053,834 | g,i | BX Commercial Mortgage Trust | LIBOR 1 M + 0.920% | 1.026 | 10/15/36 | 7,058,260 | |||||||||||
Series - 2019 XL (Class A) | |||||||||||||||||
4,702,556 | g,i | BX Commercial Mortgage Trust | LIBOR 1 M + 1.250% | 1.356 | 10/15/36 | 4,702,555 | |||||||||||
Series - 2019 XL (Class C) | |||||||||||||||||
2,821,534 | g,i | BX Commercial Mortgage Trust | LIBOR 1 M + 1.800% | 1.906 | 10/15/36 | 2,819,839 | |||||||||||
Series - 2019 XL (Class E) | |||||||||||||||||
2,000,000 | i | CD Mortgage Trust | 3.879 | 11/10/49 | 2,103,286 | ||||||||||||
Series - 2016 CD2 (Class B) |
234 |
TIAA-CREF FUNDS - Core Impact Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 5,000,000 | i | Citigroup Commercial Mortgage Trust | 3.758 | % | 04/10/48 | $ | 5,254,887 | |||||||||
Series - 2015 GC29 (Class B) | |||||||||||||||||
4,000,000 | Citigroup Commercial Mortgage Trust | 3.300 | 11/10/52 | 4,274,486 | |||||||||||||
Series - 2019 GC43 (Class AS) | |||||||||||||||||
5,000,000 | Citigroup Commercial Mortgage Trust | 3.018 | 08/10/56 | 5,222,361 | |||||||||||||
Series - 2019 GC41 (Class AS) | |||||||||||||||||
90,000 | i | Citigroup Mortgage Loan Trust | LIBOR 1 M + 0.750% | 0.859 | 01/25/36 | 89,772 | |||||||||||
Series - 2006 WFH1 (Class M4) | |||||||||||||||||
2,250,000 | g,i | Cityline Commercial Mortgage Trust | 2.778 | 11/10/31 | 2,337,686 | ||||||||||||
Series - 2016 CLNE (Class A) | |||||||||||||||||
2,815,000 | g | COMM Mortgage Trust | 4.353 | 08/10/30 | 3,002,856 | ||||||||||||
Series - 2013 300P (Class A1) | |||||||||||||||||
2,000,000 | COMM Mortgage Trust | 4.701 | 03/10/47 | 2,167,563 | |||||||||||||
Series - 2014 UBS2 (Class B) | |||||||||||||||||
2,000,000 | i | COMM Mortgage Trust | 4.703 | 08/10/47 | 2,191,069 | ||||||||||||
Series - 2014 CR19 (Class B) | |||||||||||||||||
1,000,000 | g,i | COMM Mortgage Trust | 4.709 | 08/10/47 | 960,913 | ||||||||||||
Series - 2014 CR19 (Class D) | |||||||||||||||||
589,490 | COMM Mortgage Trust | 3.040 | 02/10/48 | 616,227 | |||||||||||||
Series - 2015 LC19 (Class ASB) | |||||||||||||||||
3,500,000 | g,i | COMM Mortgage Trust | 4.106 | 03/10/48 | 3,495,917 | ||||||||||||
Series - 2015 CR22 (Class D) | |||||||||||||||||
2,000,000 | i | COMM Mortgage Trust | 4.293 | 05/10/48 | 2,030,215 | ||||||||||||
Series - 2015 CR23 (Class D) | |||||||||||||||||
360,000 | i | COMM Mortgage Trust | 3.463 | 08/10/48 | 323,990 | ||||||||||||
Series - 2015 CR24 (Class D) | |||||||||||||||||
2,250,000 | COMM Mortgage Trust | 3.263 | 08/15/57 | 2,371,587 | |||||||||||||
Series - 2019 GC44 (Class AM) | |||||||||||||||||
542,948 | i | Connecticut Avenue Securities | LIBOR 1 M + 2.600% | 2.709 | 05/25/24 | 533,817 | |||||||||||
Series - 2014 C02 (Class 1M2) | |||||||||||||||||
1,277,093 | i | Connecticut Avenue Securities | LIBOR 1 M + 3.000% | 3.109 | 07/25/24 | 1,259,040 | |||||||||||
Series - 2014 C03 (Class 1M2) | |||||||||||||||||
131,239 | i | Connecticut Avenue Securities | LIBOR 1 M + 5.000% | 5.109 | 11/25/24 | 132,408 | |||||||||||
Series - 2014 C04 (Class 2M2) | |||||||||||||||||
124,136 | i | Connecticut Avenue Securities | LIBOR 1 M + 5.550% | 5.659 | 04/25/28 | 130,944 | |||||||||||
Series - 2015 C04 (Class 2M2) | |||||||||||||||||
205,966 | i | Connecticut Avenue Securities | LIBOR 1 M + 5.700% | 5.809 | 04/25/28 | 218,474 | |||||||||||
Series - 2015 C04 (Class 1M2) | |||||||||||||||||
242,371 | i | Connecticut Avenue Securities | LIBOR 1 M + 6.750% | 6.859 | 08/25/28 | 256,338 | |||||||||||
Series - 2016 C01 (Class 1M2) | |||||||||||||||||
687,929 | i | Connecticut Avenue Securities | LIBOR 1 M + 6.950% | 7.059 | 08/25/28 | 733,445 | |||||||||||
Series - 2016 C01 (Class 2M2) | |||||||||||||||||
1,085,311 | i | Connecticut Avenue Securities | LIBOR 1 M + 6.000% | 6.109 | 09/25/28 | 1,143,244 | |||||||||||
Series - 2016 C02 (Class 1M2) | |||||||||||||||||
994,001 | i | Connecticut Avenue Securities | LIBOR 1 M + 5.900% | 6.009 | 10/25/28 | 1,051,217 | |||||||||||
Series - 2016 C03 (Class 2M2) | |||||||||||||||||
1,949,721 | i | Connecticut Avenue Securities | LIBOR 1 M + 4.250% | 4.359 | 01/25/29 | 2,028,473 | |||||||||||
Series - 2016 C04 (Class 1M2) | |||||||||||||||||
1,988,765 | i | Connecticut Avenue Securities | LIBOR 1 M + 4.450% | 4.559 | 01/25/29 | 2,069,212 | |||||||||||
Series - 2016 C05 (Class 2M2) | |||||||||||||||||
736,716 | i | Connecticut Avenue Securities | LIBOR 1 M + 4.250% | 4.359 | 04/25/29 | 766,950 | |||||||||||
Series - 2016 C06 (Class 1M2) |
235 |
TIAA-CREF FUNDS - Core Impact Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 89,980 | i | Connecticut Avenue Securities | LIBOR 1 M + 0.850% | 0.959 | % | 09/25/29 | $ | 87,852 | ||||||||
Series - 2017 C02 (Class 2ED4) | |||||||||||||||||
267,622 | i | Connecticut Avenue Securities | LIBOR 1 M + 2.200% | 2.309 | 01/25/30 | 267,791 | |||||||||||
Series - 2017 C05 (Class 1M2A) | |||||||||||||||||
2,873,991 | i | Connecticut Avenue Securities | LIBOR 1 M + 2.200% | 2.309 | 01/25/30 | 2,901,882 | |||||||||||
Series - 2017 C05 (Class 1M2) | |||||||||||||||||
256,112 | i | Connecticut Avenue Securities | LIBOR 1 M + 0.850% | 0.959 | 10/25/30 | 254,433 | |||||||||||
Series - 2018 C03 (Class 1EA2) | |||||||||||||||||
596,541 | i | Connecticut Avenue Securities | LIBOR 1 M + 2.550% | 2.659 | 12/25/30 | 597,674 | |||||||||||
Series - 2018 C04 (Class 2M2) | |||||||||||||||||
97,219 | i | Countrywide Home Loan Mortgage Pass Through Trust | 2.770 | 11/20/34 | 100,249 | ||||||||||||
Series - 2004 HYB6 (Class A2) | |||||||||||||||||
14,000,000 | g | CPT Mortgage Trust | 2.865 | 11/13/39 | 14,494,379 | ||||||||||||
Series - 2019 CPT (Class A) | |||||||||||||||||
2,000,000 | g,i | CPT Mortgage Trust | 2.997 | 11/13/39 | 1,916,142 | ||||||||||||
Series - 2019 CPT (Class E) | |||||||||||||||||
2,500,000 | g,i | CPT Mortgage Trust | 2.997 | 11/13/39 | 2,544,660 | ||||||||||||
Series - 2019 CPT (Class C) | |||||||||||||||||
5,000,000 | g,i | Credit Suisse Commercial Mortgage Trust | 3.728 | 11/10/32 | 5,323,411 | ||||||||||||
Series - 2017 CALI (Class B) | |||||||||||||||||
270,246 | g,i | Credit Suisse Commercial Mortgage Trust | LIBOR 1 M + 0.650% | 0.759 | 05/25/36 | 270,497 | |||||||||||
Series - 2006 CF2 (Class M3) | |||||||||||||||||
580,194 | g,i | Credit Suisse Commercial Mortgage Trust | 3.500 | 02/25/48 | 588,968 | ||||||||||||
Series - 2018 J1 (Class A11) | |||||||||||||||||
3,600,000 | g,i | CSAIL Commercial Mortgage Trust | 3.677 | 06/15/37 | 3,475,301 | ||||||||||||
Series - 2017 C8 (Class 85BB) | |||||||||||||||||
1,600,000 | g,i | CSMC Series | 3.388 | 10/25/59 | 1,621,138 | ||||||||||||
Series - 2019 NQM1 (Class M1) | |||||||||||||||||
3,372,485 | g,i | CSMC Trust | 3.500 | 02/25/48 | 3,423,481 | ||||||||||||
Series - 2018 J1 (Class A2) | |||||||||||||||||
290,000 | g,i | DBUBS Mortgage Trust | 5.615 | 07/10/44 | 286,342 | ||||||||||||
Series - 2011 LC2A (Class D) | |||||||||||||||||
300,000 | g,i | Ellington Financial Mortgage Trust | 3.587 | 06/25/59 | 300,737 | ||||||||||||
Series - 2019 1 (Class M1) | |||||||||||||||||
15,250,000 | Federal National Mortgage Association (FNMA) | 1.561 | 11/25/30 | 14,601,003 | |||||||||||||
Series - 2021 M1G (Class A2) | |||||||||||||||||
220,873 | i | Fieldstone Mortgage Investment Trust | LIBOR 1 M + 0.735% | 0.844 | 12/25/35 | 220,131 | |||||||||||
Series - 2005 2 (Class M2) | |||||||||||||||||
1,460,601 | g,i | FirstKey Mortgage Trust | 3.500 | 11/25/44 | 1,486,766 | ||||||||||||
Series - 2014 1 (Class A8) | |||||||||||||||||
278,161 | g,i | Flagstar Mortgage Trust | 4.106 | 10/25/47 | 288,394 | ||||||||||||
Series - 2017 2 (Class B3) | |||||||||||||||||
77,686 | g,i | Flagstar Mortgage Trust | 4.000 | 09/25/48 | 78,526 | ||||||||||||
Series - 2018 5 (Class A11) | |||||||||||||||||
4,205,923 | Freddie Mac Multifamily Structured Pass Through Certificates | 1.555 | 01/25/36 | 3,950,734 | |||||||||||||
Series - 2020 Q014 (Class A1) | |||||||||||||||||
10,201,749 | i | Freddie Mac Multifamily Structured Pass Through Certificates | 2.803 | 10/25/55 | 2,120,158 | ||||||||||||
Series - 2020 Q014 (Class X) | |||||||||||||||||
6,143,620 | Freddie Mac Multifamily Variable Rate Certificate | 1.761 | 09/15/38 | 6,084,703 | |||||||||||||
Series - 2020 M061 (Class A) |
236 |
TIAA-CREF FUNDS - Core Impact Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 1,140,824 | g,i | Freddie Mac Structured Agency Credit Risk Debt Notes | 3.726 | % | 02/25/48 | $ | 1,140,182 | |||||||||
Series - 2018 SPI1 (Class M2) | |||||||||||||||||
1,238,739 | g,i | Freddie Mac Structured Agency Credit Risk Debt Notes | 3.809 | 05/25/48 | 1,237,248 | ||||||||||||
Series - 2018 SPI2 (Class M2) | |||||||||||||||||
550,198 | g,i | Freddie Mac Structured Agency Credit Risk Debt Notes | 4.489 | 11/25/48 | 549,938 | ||||||||||||
Series - 2018 SPI4 (Class M2B) | |||||||||||||||||
2,500,000 | g,i | GCT Commercial Mortgage Trust | LIBOR 1 M + 1.250% | 1.356 | 02/15/38 | 2,501,407 | |||||||||||
Series - 2021 GCT (Class B) | |||||||||||||||||
1,500,000 | g,i | GS Mortgage Securities Trust | LIBOR 1 M + 1.090% | 1.196 | 10/15/31 | 1,498,642 | |||||||||||
Series - 2018 HART (Class A) | |||||||||||||||||
93,000 | i | GS Mortgage Securities Trust | 3.811 | 11/10/49 | 87,666 | ||||||||||||
Series - 2016 GS4 (Class C) | |||||||||||||||||
156,451 | g,i | GS Mortgage-Backed Securities Corp Trust | 4.000 | 11/25/49 | 157,569 | ||||||||||||
Series - 2019 PJ2 (Class A1) | |||||||||||||||||
409,344 | g,i | GS Mortgage-Backed Securities Corp Trust | 4.000 | 11/25/49 | 411,615 | ||||||||||||
Series - 2019 PJ2 (Class A4) | |||||||||||||||||
1,794,016 | g,i | GS Mortgage-Backed Securities Corp Trust | 3.500 | 07/25/50 | 1,811,189 | ||||||||||||
Series - 2020 PJ2 (Class A4) | |||||||||||||||||
355,614 | i | HarborView Mortgage Loan Trust | LIBOR 1 M + 0.620% | 0.730 | 08/19/45 | 355,959 | |||||||||||
Series - 2005 11 (Class 2A1A) | |||||||||||||||||
3,500,000 | g | Hudson Yards Mortgage Trust | 2.835 | 08/10/38 | 3,675,492 | ||||||||||||
Series - 2016 10HY (Class A) | |||||||||||||||||
2,500,000 | g,i | Hudson Yards Mortgage Trust | 2.977 | 08/10/38 | 2,618,986 | ||||||||||||
Series - 2016 10HY (Class B) | |||||||||||||||||
5,750,000 | g,i | Hudson Yards Mortgage Trust | 2.977 | 08/10/38 | 5,950,077 | ||||||||||||
Series - 2016 10HY (Class C) | |||||||||||||||||
2,500,000 | g,i | Hudson Yards Mortgage Trust | 2.977 | 08/10/38 | 2,499,768 | ||||||||||||
Series - 2016 10HY (Class E) | |||||||||||||||||
14,000,000 | g,i | Hudson Yards Mortgage Trust | 3.443 | 07/10/39 | 14,304,532 | ||||||||||||
Series - 2019 30HY (Class D) | |||||||||||||||||
1,500,000 | g,i | Hudson Yards Mortgage Trust | 2.943 | 12/10/41 | 1,471,458 | ||||||||||||
Series - 2019 55HY (Class D) | |||||||||||||||||
5,000,000 | g,i | Hudson Yards Mortgage Trust | 2.943 | 12/10/41 | 4,766,611 | ||||||||||||
Series - 2019 55HY (Class E) | |||||||||||||||||
2,500,000 | g,i | Hudson Yards Mortgage Trust | 2.943 | 12/10/41 | 2,325,093 | ||||||||||||
Series - 2019 55HY (Class F) | |||||||||||||||||
16,583 | i | Impac CMB Trust | LIBOR 1 M + 0.660% | 0.769 | 03/25/35 | 16,941 | |||||||||||
Series - 2004 11 (Class 2A1) | |||||||||||||||||
1,600,000 | g,i | JP Morgan Chase Commercial Mortgage Securities Corp | 4.078 | 01/15/46 | 1,634,648 | ||||||||||||
Series - 2013 C13 (Class D) | |||||||||||||||||
438,727 | g,i | JP Morgan Mortgage Trust | LIBOR 1 M - 0.000% | 2.124 | 12/25/44 | 448,616 | |||||||||||
Series - 2015 1 (Class B1) | |||||||||||||||||
33,134 | g,i | JP Morgan Mortgage Trust | 3.500 | 05/25/45 | 33,559 | ||||||||||||
Series - 2015 3 (Class A19) | |||||||||||||||||
472,303 | g,i | JP Morgan Mortgage Trust | 3.500 | 10/25/45 | 477,294 | ||||||||||||
Series - 2015 6 (Class A13) | |||||||||||||||||
63,599 | g,i | JP Morgan Mortgage Trust | 3.500 | 05/25/46 | 64,466 | ||||||||||||
Series - 2016 1 (Class A13) | |||||||||||||||||
36,157 | g,i | JP Morgan Mortgage Trust | 3.500 | 01/25/47 | 36,209 | ||||||||||||
Series - 2017 1 (Class A3) |
237 |
TIAA-CREF FUNDS - Core Impact Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 192,162 | g,i | JP Morgan Mortgage Trust | 3.500 | % | 05/25/47 | $ | 192,562 | |||||||||
Series - 2017 2 (Class A5) | |||||||||||||||||
140,933 | g,i | JP Morgan Mortgage Trust | 3.500 | 05/25/47 | 143,010 | ||||||||||||
Series - 2017 2 (Class A13) | |||||||||||||||||
447,706 | g,i | JP Morgan Mortgage Trust | 3.500 | 09/25/48 | 446,597 | ||||||||||||
Series - 2018 3 (Class A13) | |||||||||||||||||
141,615 | g,i | JP Morgan Mortgage Trust | 3.500 | 10/25/48 | 143,616 | ||||||||||||
Series - 2018 4 (Class A13) | |||||||||||||||||
591,584 | g,i | JP Morgan Mortgage Trust | 3.500 | 10/25/48 | 600,404 | ||||||||||||
Series - 2018 5 (Class A13) | |||||||||||||||||
563,697 | g,i | JP Morgan Mortgage Trust | 3.115 | 10/26/48 | 576,854 | ||||||||||||
Series - 2017 5 (Class A2) | |||||||||||||||||
87,895 | g,i | JP Morgan Mortgage Trust | 4.000 | 01/25/49 | 89,869 | ||||||||||||
Series - 2018 8 (Class A13) | |||||||||||||||||
243,285 | g,i | JP Morgan Mortgage Trust | 4.000 | 02/25/49 | 247,483 | ||||||||||||
Series - 2018 9 (Class A13) | |||||||||||||||||
283,485 | g,i | JP Morgan Mortgage Trust | 4.000 | 05/25/49 | 288,382 | ||||||||||||
Series - 2019 1 (Class A3) | |||||||||||||||||
334,800 | g,i | JP Morgan Mortgage Trust | 4.000 | 05/25/49 | 340,236 | ||||||||||||
Series - 2019 1 (Class A15) | |||||||||||||||||
651,661 | g,i | JP Morgan Mortgage Trust | 4.757 | 09/25/49 | 688,814 | ||||||||||||
Series - 2019 3 (Class B1) | |||||||||||||||||
1,462,184 | g,i | JP Morgan Mortgage Trust | LIBOR 1 M + 0.950% | 1.059 | 10/25/49 | 1,472,540 | |||||||||||
Series - 2019 INV1 (Class A11) | |||||||||||||||||
888,682 | g,i | JP Morgan Mortgage Trust | 3.889 | 06/25/50 | 929,326 | ||||||||||||
Series - 2020 1 (Class B2) | |||||||||||||||||
2,400,000 | i | JPMBB Commercial Mortgage Securities Trust | 4.472 | 09/15/47 | 2,477,156 | ||||||||||||
Series - 2014 C23 (Class C) | |||||||||||||||||
97,222 | JPMDB Commercial Mortgage Securities Trust | 1.537 | 12/15/49 | 97,389 | |||||||||||||
Series - 2016 C4 (Class A1) | |||||||||||||||||
885,489 | g | Ladder Capital Commercial Mortgage Securities | 3.575 | 02/15/36 | 947,756 | ||||||||||||
Series - 2013 GCP (Class A1) | |||||||||||||||||
10,000,000 | g | Liberty Street Trust | 3.597 | 02/10/36 | 10,853,396 | ||||||||||||
Series - 2016 225L (Class A) | |||||||||||||||||
4,000,000 | g,i | MAD Mortgage Trust | 2.976 | 08/15/34 | 4,164,325 | ||||||||||||
Series - 2017 330M (Class A) | |||||||||||||||||
2,350,000 | g,i | Manhattan West | 2.335 | 09/10/39 | 2,291,166 | ||||||||||||
Series - 2020 1MW (Class D) | |||||||||||||||||
588,711 | Morgan Stanley Bank of America Merrill Lynch Trust | 3.069 | 02/15/48 | 614,251 | |||||||||||||
Series - 2015 C20 (Class ASB) | |||||||||||||||||
276,662 | i | Morgan Stanley Capital I Trust | LIBOR 1 M + 0.825% | 0.934 | 08/25/34 | 274,080 | |||||||||||
Series - 2004 HE6 (Class M1) | |||||||||||||||||
425,000 | g,i | Morgan Stanley Capital I Trust | LIBOR 1 M + 0.700% | 0.806 | 11/15/34 | 425,134 | |||||||||||
Series - 2017 CLS (Class A) | |||||||||||||||||
168,837 | †,i | Morgan Stanley Capital I Trust | 6.099 | 12/12/49 | 95,224 | ||||||||||||
Series - 2007 IQ16 (Class AJFX) | |||||||||||||||||
1,500,000 | g,i | MSDB Trust | 3.316 | 07/11/39 | 1,578,283 | ||||||||||||
Series - 2017 712F (Class A) | |||||||||||||||||
3,450,000 | g,i | Natixis Commercial Mortgage Securities Trust | 3.790 | 11/15/32 | 3,566,985 | ||||||||||||
Series - 2018 285M (Class A) | |||||||||||||||||
10,500,000 | g,i | Natixis Commercial Mortgage Securities Trust | LIBOR 1 M + 0.784% | 0.890 | 07/15/33 | 10,433,802 | |||||||||||
Series - 2018 850T (Class A) |
238 |
TIAA-CREF FUNDS - Core Impact Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 9,000,000 | g,i | Natixis Commercial Mortgage Securities Trust | LIBOR 1 M + 4.250% | 4.356 | % | 07/15/36 | $ | 8,859,208 | ||||||||
Series - 2019 MILE (Class F) | |||||||||||||||||
109,806 | i | New York Mortgage Trust | LIBOR 1 M + 0.480% | 0.589 | 02/25/36 | 109,991 | |||||||||||
Series - 2005 3 (Class A1) | |||||||||||||||||
476,342 | g,i | OBX Trust | LIBOR 1 M + 0.650% | 0.759 | 06/25/57 | 477,294 | |||||||||||
Series - 2018 1 (Class A2) | |||||||||||||||||
384,795 | g,i | OBX Trust | LIBOR 1 M + 0.750% | 0.859 | 07/25/58 | 384,889 | |||||||||||
Series - 2018 EXP2 (Class 2A1A) | |||||||||||||||||
14,500,000 | g | One Bryant Park Trust | 2.516 | 09/15/54 | 14,636,241 | ||||||||||||
Series - 2019 OBP (Class A) | |||||||||||||||||
2,750,000 | g | One Market Plaza Trust | 3.614 | 02/10/32 | 2,812,231 | ||||||||||||
Series - 2017 1MKT (Class A) | |||||||||||||||||
8,216 | g | Prima Capital CRE Securitization Ltd | 2.550 | 08/24/49 | 8,216 | ||||||||||||
Series - 2015 4A (Class MR-A) | |||||||||||||||||
387,132 | g,i | Sequoia Mortgage Trust | 3.500 | 05/25/45 | 393,918 | ||||||||||||
Series - 2015 2 (Class A1) | |||||||||||||||||
109,176 | g,i | Sequoia Mortgage Trust | 3.500 | 06/25/46 | 110,678 | ||||||||||||
Series - 2016 1 (Class A19) | |||||||||||||||||
101,064 | g,i | Sequoia Mortgage Trust | 3.500 | 11/25/46 | 101,740 | ||||||||||||
Series - 2016 3 (Class A10) | |||||||||||||||||
281,295 | g,i | Sequoia Mortgage Trust | 3.500 | 02/25/47 | 282,267 | ||||||||||||
Series - 2017 1 (Class A4) | |||||||||||||||||
252,389 | g,i | Sequoia Mortgage Trust | 3.500 | 04/25/47 | 253,043 | ||||||||||||
Series - 2017 3 (Class A4) | |||||||||||||||||
344,407 | g,i | Sequoia Mortgage Trust | 3.500 | 04/25/47 | 349,049 | ||||||||||||
Series - 2017 3 (Class A19) | |||||||||||||||||
50,614 | g,i | Sequoia Mortgage Trust | 3.500 | 09/25/47 | 51,444 | ||||||||||||
Series - 2017 6 (Class A19) | |||||||||||||||||
228,301 | g,i | Sequoia Mortgage Trust | 3.749 | 09/25/47 | 241,851 | ||||||||||||
Series - 2017 6 (Class B1) | |||||||||||||||||
246,144 | g,i | Sequoia Mortgage Trust | 3.500 | 02/25/48 | 250,856 | ||||||||||||
Series - 2018 2 (Class A1) | |||||||||||||||||
81,505 | g,i | Sequoia Mortgage Trust | 3.500 | 02/25/48 | 82,752 | ||||||||||||
Series - 2018 2 (Class A19) | |||||||||||||||||
47,308 | g,i | Sequoia Mortgage Trust | 3.500 | 03/25/48 | 48,209 | ||||||||||||
Series - 2018 3 (Class A1) | |||||||||||||||||
12,180 | g,i | Sequoia Mortgage Trust | 3.500 | 03/25/48 | 12,180 | ||||||||||||
Series - 2018 3 (Class A4) | |||||||||||||||||
100,724 | g,i | Sequoia Mortgage Trust | 4.000 | 09/25/48 | 102,279 | ||||||||||||
Series - 2018 7 (Class A19) | |||||||||||||||||
55,832 | g,i | Sequoia Mortgage Trust | 4.000 | 11/25/48 | 56,436 | ||||||||||||
Series - 2018 8 (Class A19) | |||||||||||||||||
913,810 | g,i | Sequoia Mortgage Trust | 4.000 | 06/25/49 | 930,603 | ||||||||||||
Series - 2019 2 (Class A1) | |||||||||||||||||
123,288 | g,i | Sequoia Mortgage Trust | 4.000 | 06/25/49 | 124,876 | ||||||||||||
Series - 2019 2 (Class A19) | |||||||||||||||||
852,787 | g,i | Sequoia Mortgage Trust | 3.500 | 11/25/49 | 862,624 | ||||||||||||
Series - 2019 4 (Class A1) | |||||||||||||||||
843,509 | g,i | Sequoia Mortgage Trust | 3.500 | 12/25/49 | 851,619 | ||||||||||||
Series - 2019 5 (Class A1) | |||||||||||||||||
473,643 | g,i | Sequoia Mortgage Trust | 3.500 | 12/25/49 | 478,197 | ||||||||||||
Series - 2019 5 (Class A19) | |||||||||||||||||
2,071,669 | g,i | Sequoia Mortgage Trust | 3.500 | 03/25/50 | 2,115,158 | ||||||||||||
Series - 2020 2 (Class A1) |
239 |
TIAA-CREF FUNDS - Core Impact Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 1,970,147 | g,i | Sequoia Mortgage Trust | 3.000 | % | 04/25/50 | $ | 2,014,859 | |||||||||
Series - 2020 3 (Class A19) | |||||||||||||||||
1,258,945 | g,i | Shellpoint Co-Originator Trust | 3.500 | 10/25/47 | 1,279,594 | ||||||||||||
Series - 2017 2 (Class A1) | |||||||||||||||||
9,478 | i | Structured Agency Credit Risk Debt Note (STACR) | LIBOR 1 M + 4.150% | 4.259 | 01/25/25 | 9,478 | |||||||||||
Series - 2015 DN1 (Class M3) | |||||||||||||||||
1,104,261 | i | STACR | LIBOR 1 M + 4.650% | 4.759 | 10/25/28 | 1,155,479 | |||||||||||
Series - 2016 DNA2 (Class M3) | |||||||||||||||||
215,617 | i | STACR | LIBOR 1 M + 1.350% | 1.459 | 03/25/29 | 215,964 | |||||||||||
Series - 2016 HQA3 (Class M2) | |||||||||||||||||
319,809 | i | STACR | LIBOR 1 M + 3.250% | 3.359 | 07/25/29 | 328,632 | |||||||||||
Series - 2017 DNA1 (Class M2) | |||||||||||||||||
18,853 | i | STACR | LIBOR 1 M + 1.200% | 1.309 | 10/25/29 | 18,876 | |||||||||||
Series - 2017 DNA2 (Class M1) | |||||||||||||||||
3,500,000 | i | STACR | LIBOR 1 M + 2.500% | 2.609 | 03/25/30 | 3,566,441 | |||||||||||
Series - 2017 DNA3 (Class M2) | |||||||||||||||||
309,174 | g,i | STACR | 4.023 | 09/25/47 | 308,817 | ||||||||||||
Series - 2017 SPI1 (Class M2) | |||||||||||||||||
291,074 | g,i | STACR | 4.148 | 08/25/48 | 290,378 | ||||||||||||
Series - 2018 SPI3 (Class M2) | |||||||||||||||||
544,954 | g,i | STACR | 4.489 | 11/25/48 | 544,276 | ||||||||||||
Series - 2018 SPI4 (Class M2) | |||||||||||||||||
2,342,000 | g,i | STACR | LIBOR 1 M + 3.100% | 3.209 | 03/25/50 | 2,368,302 | |||||||||||
Series - 2020 HQA2 (Class M2) | |||||||||||||||||
325,000 | g | Tricon American Homes | 2.049 | 07/17/38 | 323,038 | ||||||||||||
Series - 2020 SFR1 (Class B) | |||||||||||||||||
1,205,024 | g | VERUS A3 (Step Bond) | 1.733 | 05/25/65 | 1,205,436 | ||||||||||||
Series - 2020 5 (Class A3) | |||||||||||||||||
1,700,000 | g,i | Verus Securitization Trust | 3.781 | 05/25/59 | 1,681,005 | ||||||||||||
Series - 2019 2 (Class M1) | |||||||||||||||||
1,700,000 | g,i | Verus Securitization Trust | 3.139 | 07/25/59 | 1,702,155 | ||||||||||||
Series - 2019 3 (Class M1) | |||||||||||||||||
2,925,000 | g,i | VNDO Trust | 3.337 | 11/15/30 | 3,017,386 | ||||||||||||
Series - 2012 6AVE (Class C) | |||||||||||||||||
2,711,000 | g | VNDO Trust | 3.805 | 01/10/35 | 2,874,314 | ||||||||||||
Series - 2016 350P (Class A) | |||||||||||||||||
3,000,000 | g,i | VNDO Trust | 3.903 | 01/10/35 | 3,159,914 | ||||||||||||
Series - 2016 350P (Class B) | |||||||||||||||||
750,000 | Wells Fargo Commercial Mortgage Trust | 2.514 | 08/15/49 | 783,680 | |||||||||||||
Series - 2016 BNK1 (Class ASB) | |||||||||||||||||
749,984 | Wells Fargo Commercial Mortgage Trust | 3.185 | 03/15/59 | 790,240 | |||||||||||||
Series - 2016 C33 (Class ASB) | |||||||||||||||||
161,050 | g,i | Wells Fargo Mortgage Backed Securities Trust | 4.000 | 04/25/49 | 163,061 | ||||||||||||
Series - 2019 2 (Class A17) | |||||||||||||||||
750,000 | WFRBS Commercial Mortgage Trust | 3.311 | 03/15/45 | 777,665 | |||||||||||||
Series - 2013 C11 (Class AS) | |||||||||||||||||
650,000 | i | WFRBS Commercial Mortgage Trust | 4.862 | 12/15/46 | 662,104 | ||||||||||||
Series - 2013 C18 (Class C) | |||||||||||||||||
260,324 | g,i | WinWater Mortgage Loan Trust | 3.854 | 06/20/44 | 263,857 | ||||||||||||
Series - 2014 1 (Class B4) | |||||||||||||||||
TOTAL OTHER MORTGAGE BACKED | 335,717,145 |
240 |
TIAA-CREF FUNDS - Core Impact Bond Fund
PRINCIPAL | ISSUER | VALUE | |||||||||||||||
TOTAL STRUCTURED ASSETS | $ | 583,746,256 | |||||||||||||||
(Cost $576,366,099) | |||||||||||||||||
TOTAL BONDS | 6,056,676,738 | ||||||||||||||||
(Cost $6,007,691,883) | |||||||||||||||||
SHARES | COMPANY | ||||||||||||||||
PREFERRED STOCKS - 1.0% | |||||||||||||||||
BANKS - 0.2% | |||||||||||||||||
490,000 | *,e | First Republic Bank | 12,651,800 | ||||||||||||||
TOTAL BANKS | 12,651,800 | ||||||||||||||||
INSURANCE - 0.1% | |||||||||||||||||
155,000 | Assurant, Inc | 3,986,600 | |||||||||||||||
TOTAL INSURANCE | 3,986,600 | ||||||||||||||||
REAL ESTATE - 0.4% | |||||||||||||||||
400,000 | Brookfield Property Partners LP | 10,284,000 | |||||||||||||||
695,000 | Brookfield Property Partners LP | 17,256,850 | |||||||||||||||
TOTAL REAL ESTATE | 27,540,850 | ||||||||||||||||
UTILITIES - 0.3% | |||||||||||||||||
490,000 | Brookfield Infrastructure Partners LP | 12,534,200 | |||||||||||||||
308,000 | Brookfield Renewable Partners LP | 8,029,560 | |||||||||||||||
TOTAL UTILITIES | 20,563,760 | ||||||||||||||||
TOTAL PREFERRED STOCKS | 64,743,010 | ||||||||||||||||
(Cost $63,450,000) |
241 |
TIAA-CREF FUNDS - Core Impact Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
SHORT-TERM INVESTMENTS - 15.5% | |||||||||||||||||
GOVERNMENT AGENCY DEBT - 10.2% | |||||||||||||||||
$ | 10,000,000 | Federal Farm Credit Bank (FFCB) | 0.030 | % | 04/16/21 | $ | 10,000,000 | ||||||||||
10,156,000 | FFCB | 0.090 | 05/17/21 | 10,155,870 | |||||||||||||
25,664,000 | FFCB | 0.070 | 12/01/21 | 25,655,303 | |||||||||||||
11,750,000 | Federal Home Loan Bank (FHLB) | 0.005 | 04/07/21 | 11,750,000 | |||||||||||||
24,000,000 | FHLB | 0.035 | 04/09/21 | 24,000,000 | |||||||||||||
25,000,000 | FHLB | 0.085 | 04/13/21 | 25,000,000 | |||||||||||||
36,911,000 | FHLB | 0.039 | 04/14/21 | 36,911,000 | |||||||||||||
73,431,000 | FHLB | 0.080 | 04/16/21 | 73,431,000 | |||||||||||||
25,000,000 | FHLB | 0.005 | 04/19/21 | 25,000,000 | |||||||||||||
25,300,000 | FHLB | 0.035 | 04/21/21 | 25,300,000 | |||||||||||||
20,220,000 | FHLB | 0.085 | 04/28/21 | 20,220,000 | |||||||||||||
15,150,000 | FHLB | 0.020 | 05/03/21 | 15,149,865 | |||||||||||||
8,780,000 | FHLB | 0.005 | 05/05/21 | 8,779,917 | |||||||||||||
10,000,000 | FHLB | 0.025 | 05/07/21 | 9,999,900 | |||||||||||||
45,743,000 | FHLB | 0.100 | 05/12/21 | 45,742,479 | |||||||||||||
28,750,000 | FHLB | 0.010 | 05/14/21 | 28,749,657 | |||||||||||||
38,318,000 | FHLB | 0.019 | 05/19/21 | 38,317,489 | |||||||||||||
42,650,000 | FHLB | 0.090 | 05/21/21 | 42,649,408 | |||||||||||||
19,220,000 | FHLB | 0.035 | 05/28/21 | 19,219,696 | |||||||||||||
17,000,000 | FHLB | 0.080 | 06/09/21 | 16,999,348 | |||||||||||||
17,306,000 | FHLB | 0.025 | 06/11/21 | 17,305,317 | |||||||||||||
12,744,000 | FHLB | 0.100 | 06/16/21 | 12,743,462 | |||||||||||||
13,976,000 | FHLB | 0.023 | 06/23/21 | 13,975,356 | |||||||||||||
10,208,000 | FHLB | 0.075 | 07/07/21 | 10,207,175 | |||||||||||||
45,005,000 | FHLB | 0.054 | 08/13/21 | 44,999,974 | |||||||||||||
16,100,000 | FHLB | 0.058 | 08/18/21 | 16,098,135 | |||||||||||||
9,000,000 | FHLB | 0.025 | 09/15/21 | 8,998,330 | |||||||||||||
TOTAL GOVERNMENT AGENCY DEBT | 637,358,681 | ||||||||||||||||
TREASURY DEBT - 4.5% | |||||||||||||||||
30,000,000 | United States Cash Management Bill | 0.087 | 06/15/21 | 29,999,687 | |||||||||||||
35,000,000 | United States Treasury Bill | 0.010 | 04/06/21 | 34,999,964 | |||||||||||||
39,030,000 | United States Treasury Bill | 0.032 | 04/08/21 | 39,029,962 | |||||||||||||
10,000,000 | United States Treasury Bill | 0.021 | 04/13/21 | 9,999,983 | |||||||||||||
25,000,000 | United States Treasury Bill | 0.082 | 04/20/21 | 24,999,769 | |||||||||||||
38,975,000 | United States Treasury Bill | 0.098 | 04/29/21 | 38,974,697 | |||||||||||||
13,475,000 | United States Treasury Bill | 0.085 | 05/20/21 | 13,474,725 | |||||||||||||
75,850,000 | United States Treasury Bill | 0.042 | 05/27/21 | 75,848,526 | |||||||||||||
5,000,000 | United States Treasury Bill | 0.032 | 06/01/21 | 4,999,873 | |||||||||||||
10,000,000 | United States Treasury Bill | 0.033 | 06/17/21 | 9,999,679 | |||||||||||||
TOTAL TREASURY DEBT | 282,326,865 |
242 |
TIAA-CREF FUNDS - Core Impact Bond Fund
SHARES | COMPANY | RATE | VALUE | ||||||||||||||
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.8% | |||||||||||||||||
47,966,951 | c | State Street Navigator Securities Lending Government Money Market Portfolio | 0.030 | % | $ | 47,966,951 | |||||||||||
TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES | 47,966,951 | ||||||||||||||||
TOTAL SHORT-TERM INVESTMENTS | 967,652,497 | ||||||||||||||||
(Cost $967,614,289) | |||||||||||||||||
TOTAL INVESTMENTS - 113.3% | 7,096,780,815 | ||||||||||||||||
(Cost $7,046,424,368) | |||||||||||||||||
OTHER ASSETS & LIABILITIES, NET - (13.3)% | (831,171,229 | ) | |||||||||||||||
NET ASSETS - 100.0% | $ | 6,265,609,586 |
Abbreviation(s): | |||
CLP | Chilean Peso | ||
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. | ||
‡ | Perpetual security | ||
c | Investments made with cash collateral received from securities on loan. | ||
e | All or a portion of these securities are out on loan. The aggregate value of securities on loan is $46,876,535. | ||
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 3/31/2021, the aggregate value of these securities is $1,521,650,146 or 24.3% 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. | ||
q | In default | ||
Forward foreign currency contracts outstanding as of March 31, 2021 were as follows:
Currency to be purchased | Receive | Currency to be sold | Deliver | Counterparty | Settlement date | Unrealized appreciation (depreciation) | ||||||||
$ | 9,566,828 | EUR | 7,850,981 | AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED | 04/22/21 | $ | 355,782 | |||||||
$ | 3,003,773 | EUR | 2,471,223 | BANK OF AMERICA, N.A. | 05/28/21 | 102,144 | ||||||||
$ | 13,030,451 | CLP | 9,350,000,000 | CITIBANK N.A. | 05/19/21 | 48,108 | ||||||||
Total | $ | 506,034 |
Abbreviation(s): | |||
CLP | Chilean Peso | ||
EUR | Euro |
243 |
TIAA-CREF FUNDS - Core Plus Bond Fund
TIAA-CREF FUNDS
CORE PLUS BOND FUND
SCHEDULE OF INVESTMENTS
March 31, 2021
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
BANK LOAN OBLIGATIONS - 3.2% | |||||||||||||||||
AUTOMOBILES & COMPONENTS - 0.1% | |||||||||||||||||
$ | 1,698,702 | i | Clarios Global LP | LIBOR 1 M + 3.250% | 3.359 | % | 04/30/26 | $ | 1,679,592 | ||||||||
984,796 | i | Gates Global LLC | LIBOR 1 M + 2.750% | 3.500 | 03/31/27 | 981,517 | |||||||||||
100,000 | i | Truck Hero, Inc | LIBOR 1 M + 3.750% | 4.500 | 01/31/28 | 99,681 | |||||||||||
TOTAL AUTOMOBILES & COMPONENTS | 2,760,790 | ||||||||||||||||
BANKS - 0.0% | |||||||||||||||||
1,492,327 | i | IG Investments Holdings LLC | LIBOR 3 M + 4.000% | 5.000 | 05/21/25 | 1,490,462 | |||||||||||
TOTAL BANKS | 1,490,462 | ||||||||||||||||
CAPITAL GOODS - 0.1% | |||||||||||||||||
2,497,449 | h,i | Blount International, Inc | LIBOR 1 M + 3.750% | 4.750 | 04/12/23 | 2,500,571 | |||||||||||
267,369 | i | Penn Engineering & Manufacturing Corp | LIBOR 1 M + 2.750% | 3.750 | 06/27/24 | 266,700 | |||||||||||
615,310 | i | Proampac PG Borrower LLC | LIBOR 1 and 3 M + 4.000% | 5.000 | 11/03/25 | 614,443 | |||||||||||
320,025 | i | Prometric Holdings Inc | LIBOR 1 M + 3.000% | 4.000 | 01/29/25 | 313,935 | |||||||||||
1,465,748 | i | TransDigm, Inc | LIBOR 1 M + 2.250% | 2.359 | 12/09/25 | 1,433,985 | |||||||||||
TOTAL CAPITAL GOODS | 5,129,634 | ||||||||||||||||
COMMERCIAL & PROFESSIONAL SERVICES - 0.4% | |||||||||||||||||
2,147,813 | i | Allied Universal Holdco LLC | LIBOR 1 M + 4.250% | 4.359 | 07/10/26 | 2,140,295 | |||||||||||
992,500 | i | Amentum Government Services Holdings LLC | LIBOR 1 M + 3.500% | 3.609 | 01/29/27 | 981,751 | |||||||||||
1,017,052 | i | CHI Doors Holdings Corp | LIBOR 1 M + 3.500% | 4.500 | 07/31/25 | 1,017,052 | |||||||||||
1,925,000 | i | Clean Harbors, Inc | LIBOR 1 M + 1.750% | 1.859 | 06/28/24 | 1,925,000 | |||||||||||
971,384 | i | Filtration Group Corp | LIBOR 1 M + 3.000% | 3.109 | 03/28/25 | 956,571 | |||||||||||
1,012,575 | i | GFL Environmental, Inc | LIBOR 1 M + 3.000% | 3.500 | 05/30/25 | 1,012,575 | |||||||||||
387,500 | i | Intermediate Dutch Holdings | LIBOR 3 M + 4.000% | 4.500 | 02/05/28 | 385,756 | |||||||||||
2,500,000 | i | Maxar Technologies Ltd | LIBOR 1 M + 2.750% | 2.870 | 10/05/24 | 2,467,975 | |||||||||||
1,022,438 | i | PAE Holding Corp | LIBOR 3 M + 4.500% | 5.250 | 10/14/27 | 1,021,589 | |||||||||||
1,462,500 | h,i | Peraton Corp | LIBOR 1 M + 3.750% | 4.500 | 02/01/28 | 1,461,286 | |||||||||||
2,264,119 | i | Prime Security Services Borrower LLC | LIBOR 1 and 3 M + 2.750% | 3.500 | 09/23/26 | 2,253,500 | |||||||||||
1,925,000 | h,i | Spin Holdco, Inc | LIBOR 3 M + 4.000% | 4.750 | 03/01/28 | 1,907,117 | |||||||||||
2,267,161 | i | Trans Union LLC | LIBOR 1 M + 1.750% | 1.859 | 11/16/26 | 2,250,157 | |||||||||||
1,106,832 | i | WASH Multifamily Laundry Systems LLC | LIBOR 1 M + 3.250% | 4.250 | 05/16/22 | 1,101,298 | |||||||||||
193,839 | i | WASH Multifamily Laundry Systems LLC | LIBOR 1 M + 3.250% | 4.250 | 05/16/22 | 192,870 | |||||||||||
2,426,570 | i | West Corp | LIBOR 3 M + 4.000% | 5.000 | 10/10/24 | 2,346,348 | |||||||||||
TOTAL COMMERCIAL & PROFESSIONAL SERVICES | 23,421,140 | ||||||||||||||||
CONSUMER DURABLES & APPAREL - 0.0% | |||||||||||||||||
1,496,250 | i | Great Outdoors Group LLC | LIBOR 3 M + 4.250% | 5.000 | 03/06/28 | 1,496,998 | |||||||||||
1,000,000 | h,i | Hayward Industries, Inc | LIBOR 1 M + 3.500% | 3.615 | 08/04/24 | 998,130 | |||||||||||
TOTAL CONSUMER DURABLES & APPAREL | 2,495,128 |
244 |
TIAA-CREF FUNDS - Core Plus Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
CONSUMER SERVICES - 0.3% | |||||||||||||||||
$ | 600,000 | i | AlixPartners LLP | LIBOR 1 M + 2.750% | 3.250 | % | 02/04/28 | $ | 597,414 | ||||||||
358,200 | i | Caesars Resort Collection LLC | LIBOR 1 M + 4.500% | 4.609 | 07/21/25 | 358,648 | |||||||||||
1,994,357 | i | Golden Nugget LLC | LIBOR 2 M + 2.500% | 3.250 | 10/04/23 | 1,960,952 | |||||||||||
2,795,500 | h,i | IRB Holding Corp | LIBOR 3 M + 3.250% | 4.250 | 12/15/27 | 2,782,389 | |||||||||||
1,553,842 | i | KFC Holding Co | LIBOR 1 M + 1.750% | 1.856 | 03/09/28 | 1,552,553 | |||||||||||
1,719,980 | i | KUEHG Corp | LIBOR 3 M + 3.750% | 4.750 | 02/21/25 | 1,679,371 | |||||||||||
1,995,000 | i | Life Time, Inc | LIBOR 3 M + 4.750% | 5.750 | 12/15/24 | 1,990,012 | |||||||||||
2,225,422 | i | Scientific Games International, Inc | LIBOR 1 M + 2.750% | 2.859 | 08/14/24 | 2,180,758 | |||||||||||
1,496,250 | i | Sophia LP | LIBOR 3 M + 3.750% | 4.500 | 10/07/27 | 1,494,380 | |||||||||||
1,467,724 | i | Sterling Midco Holdings, Inc | LIBOR 3 M + 3.500% | 4.500 | 06/19/24 | 1,446,706 | |||||||||||
TOTAL CONSUMER SERVICES | 16,043,183 | ||||||||||||||||
DIVERSIFIED FINANCIALS - 0.0% | |||||||||||||||||
372,466 | i | Lions Gate Capital Holdings LLC | LIBOR 1 M + 2.250% | 2.359 | 03/24/25 | 366,257 | |||||||||||
374,063 | i | Reynolds Group Holdings, Inc | LIBOR 1 M + 3.250% | 3.359 | 02/05/26 | 369,573 | |||||||||||
TOTAL DIVERSIFIED FINANCIALS | 735,830 | ||||||||||||||||
ENERGY - 0.0% | |||||||||||||||||
818,125 | i | ChampionX Holding, Inc | LIBOR 3 M + 5.000% | 6.000 | 06/03/27 | 832,442 | |||||||||||
643,500 | i | Delek US Holdings, Inc | LIBOR 1 M + 5.500% | 6.500 | 04/01/25 | 646,447 | |||||||||||
TOTAL ENERGY | 1,478,889 | ||||||||||||||||
FOOD, BEVERAGE & TOBACCO - 0.1% | |||||||||||||||||
1,194,000 | i | Chobani LLC | LIBOR 1 M + 3.500% | 4.500 | 10/20/27 | 1,192,209 | |||||||||||
595,500 | i | Froneri US, Inc | LIBOR 1 M + 2.250% | 2.359 | 01/29/27 | 586,895 | |||||||||||
1,991,696 | h,i | Hearthside Food Solutions LLC | LIBOR 1 M + 3.688% | 3.796 | 05/23/25 | 1,970,544 | |||||||||||
2,000,000 | h,i | Shearer’s Foods LLC | LIBOR 3 M + 4.000% | 4.250 | 09/23/27 | 1,994,680 | |||||||||||
667,000 | h,i | Triton Water Holdings, Inc | LIBOR 3 M + 3.500% | 4.000 | 03/31/28 | 663,872 | |||||||||||
TOTAL FOOD, BEVERAGE & TOBACCO | 6,408,200 | ||||||||||||||||
HEALTH CARE EQUIPMENT & SERVICES - 0.3% | |||||||||||||||||
1,500,000 | i | ADMI Corp | LIBOR 1 M + 3.250% | 3.750 | 12/23/27 | 1,485,420 | |||||||||||
1,862,423 | i | Change Healthcare Holdings LLC | LIBOR 1 and 3 M + 2.500% | 3.500 | 03/01/24 | 1,859,462 | |||||||||||
446,625 | i | Da Vinci Purchaser Corp | LIBOR 3 M + 4.000% | 5.000 | 01/08/27 | 446,486 | |||||||||||
984,576 | i | ExamWorks Group Inc | LIBOR 3 M + 3.250% | 4.250 | 07/27/23 | 983,346 | |||||||||||
1,297,357 | i | Gentiva Health Services, Inc | LIBOR 1 M + 2.750% | 2.875 | 07/02/25 | 1,288,172 | |||||||||||
1,321,688 | i | Global Medical Response, Inc | LIBOR 3 M + 4.750% | 5.750 | 10/02/25 | 1,316,401 | |||||||||||
488,543 | i | Greatbatch Ltd | LIBOR 1 M + 2.500% | 3.500 | 10/27/22 | 488,543 | |||||||||||
1,925,000 | i | Onex TSG Intermediate Corp | LIBOR 3 M + 4.750% | 5.500 | 02/28/28 | 1,902,651 | |||||||||||
2,597,237 | i | RegionalCare Hospital Partners Holdings, Inc | LIBOR 1 M + 3.750% | 3.850 | 11/16/25 | 2,589,809 | |||||||||||
2,000,000 | i | Select Medical Corp | LIBOR 1 M + 2.250% | 2.360 | 03/06/25 | 1,986,060 | |||||||||||
2,988,392 | i | Surgery Center Holdings, Inc | LIBOR 1 M + 3.250% | 4.250 | 09/03/24 | 2,956,177 | |||||||||||
TOTAL HEALTH CARE EQUIPMENT & SERVICES | 17,302,527 | ||||||||||||||||
HOUSEHOLD & PERSONAL PRODUCTS - 0.1% | |||||||||||||||||
725,000 | i | Energizer Holdings, Inc | LIBOR 1 M + 2.250% | 2.750 | 12/16/27 | 721,071 | |||||||||||
997,500 | i | Kronos Acquisition Holdings, Inc | LIBOR 3 M + 3.750% | 4.250 | 12/22/26 | 982,178 | |||||||||||
1,446,375 | i | Weber-Stephen Products LLC | LIBOR 1 M + 3.250% | 4.000 | 10/29/27 | 1,444,567 | |||||||||||
TOTAL HOUSEHOLD & PERSONAL PRODUCTS | 3,147,816 | ||||||||||||||||
INSURANCE - 0.1% | |||||||||||||||||
216,649 | i | Acrisure LLC | LIBOR 3 M + 3.500% | 3.703 | 02/15/27 | 213,762 |
245 |
TIAA-CREF FUNDS - Core Plus Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 124,183 | i | Alliant Holdings Intermediate LLC | LIBOR 1 M + 3.750% | 4.250 | % | 11/05/27 | $ | 123,805 | ||||||||
221,694 | i | Asurion LLC | LIBOR 1 M + 3.000% | 3.109 | 11/03/23 | 220,956 | |||||||||||
1,554,591 | i | Asurion LLC | LIBOR 1 M + 3.250% | 3.359 | 12/23/26 | 1,543,771 | |||||||||||
425,000 | i | Asurion LLC | LIBOR 1 M + 5.250% | 5.359 | 01/31/28 | 432,438 | |||||||||||
987,525 | i | HUB International Ltd | LIBOR 3 M + 3.250% | 4.000 | 04/25/25 | 986,123 | |||||||||||
1,974,425 | i | USI, Inc | LIBOR 3 M + 3.000% | 3.203 | 05/16/24 | 1,950,810 | |||||||||||
TOTAL INSURANCE | 5,471,665 | ||||||||||||||||
MATERIALS - 0.2% | |||||||||||||||||
737,639 | i | Berry Global, Inc | LIBOR 1 M + 1.750% | 1.898 | 07/01/26 | 731,067 | |||||||||||
672,277 | i | Flex Acquisition Co, Inc | LIBOR 1 M + 3.500% | 4.000 | 03/02/28 | 663,141 | |||||||||||
147,374 | i | H.B. Fuller Co | LIBOR 1 M + 2.000% | 2.111 | 10/21/24 | 146,674 | |||||||||||
775,000 | h,i | Kloeckner Pentaplast of America, Inc | LIBOR 3 M + 4.750% | 5.250 | 02/09/26 | 772,094 | |||||||||||
188,922 | i | MA FinanceCo LLC | LIBOR 1 M + 2.750% | 2.859 | 06/21/24 | 186,876 | |||||||||||
1,142,142 | i | Messer Industries USA, Inc | LIBOR 3 M + 2.500% | 2.703 | 03/01/26 | 1,132,011 | |||||||||||
380,318 | i | Plastipak Holdings, Inc | LIBOR 1 M + 2.500% | 2.610 | 10/15/24 | 378,622 | |||||||||||
309,094 | i | PQ Corp | LIBOR 3 M + 3.000% | 4.000 | 02/08/27 | 308,964 | |||||||||||
2,195,927 | h,i | Quikrete Holdings, Inc | LIBOR 1 M + 2.500% | 2.609 | 02/01/27 | 2,178,667 | |||||||||||
2,970,590 | h,i | Solenis International LP | LIBOR 3 M + 4.000% | 4.190 | 06/26/25 | 2,958,380 | |||||||||||
543,876 | h,i | Tamko Building Products, Inc | LIBOR 1 M + 3.000% | 3.115 | 05/29/26 | 540,820 | |||||||||||
487,625 | i | Tronox Finance LLC | LIBOR 3 M + 2.500% | 2.607 | 03/02/28 | 484,680 | |||||||||||
1,456,162 | i | Zekelman Industries, Inc | LIBOR 1 M + 2.000% | 2.110 | 01/25/27 | 1,436,139 | |||||||||||
TOTAL MATERIALS | 11,918,135 | ||||||||||||||||
MEDIA & ENTERTAINMENT - 0.5% | |||||||||||||||||
1,150,000 | i | Ahead DB Holdings LLC | LIBOR 3 M + 5.000% | 6.000 | 10/13/27 | 1,151,438 | |||||||||||
2,000,000 | i | Altice Financing S.A. | LIBOR 3 M + 2.750% | 2.953 | 02/02/26 | 1,958,120 | |||||||||||
997,500 | i | Arches Buyer, Inc | LIBOR 1 M + 3.250% | 3.750 | 12/06/27 | 989,520 | |||||||||||
1,221,938 | i | Arterra Wines Canada, Inc | LIBOR 3 M + 3.500% | 4.250 | 11/19/27 | 1,221,424 | |||||||||||
1,293,500 | i | Asplundh Tree Expert LLC | LIBOR 1 M + 1.750% | 1.859 | 09/02/27 | 1,289,257 | |||||||||||
298,500 | i | Banijay Group US Holding, Inc | LIBOR 1 M + 3.750% | 3.854 | 03/04/25 | 295,017 | |||||||||||
199,500 | i | Cablevision Lightpath LLC | LIBOR 1 M + 3.250% | 3.750 | 11/30/27 | 199,001 | |||||||||||
905,677 | i | Cirque Du Soleil Holding USA Newco, Inc | LIBOR 3 M + 6.000% | 7.000 | 11/24/25 | 903,694 | |||||||||||
804,279 | i | Cirque Du Soleil Holding USA Newco, Inc | LIBOR 3 M + 1.000% | 2.000 | 11/24/27 | 747,980 | |||||||||||
267,000 | h,i | City Brewing Co LLC | LIBOR 3 M + 3.500% | 4.250 | 03/31/28 | 265,665 | |||||||||||
725,000 | i | CNT Holdings I Corp | LIBOR 3 M + 3.750% | 4.500 | 11/08/27 | 722,963 | |||||||||||
1,500,147 | i | CSC Holdings LLC | LIBOR 1 M + 2.250% | 2.356 | 07/17/25 | 1,477,959 | |||||||||||
985,000 | i | Diamond Sports Group LLC | LIBOR 1 M + 3.250% | 3.360 | 08/24/26 | 672,263 | |||||||||||
2,500,000 | i | INEOS US Petrochem LLC | LIBOR 3 M + 2.750% | 3.250 | 01/29/26 | 2,490,625 | |||||||||||
800,000 | i | Journey Personal Care Corp | LIBOR 3 M + 4.250% | 5.000 | 03/01/28 | 800,336 | |||||||||||
450,000 | i | Match Group, Inc | LIBOR 3 M + 1.750% | 1.948 | 02/07/27 | 444,375 | |||||||||||
1,075,987 | i | Nielsen Finance LLC | LIBOR 1 M + 3.750% | 4.750 | 06/06/25 | 1,077,838 | |||||||||||
78,125 | i | OneDigital Borrower LLC | LIBOR 3 M + 4.500% | 5.250 | 10/29/27 | 78,060 | |||||||||||
421,875 | i | OneDigital Borrower LLC | LIBOR 3 M + 4.500% | 5.250 | 10/29/27 | 421,525 | |||||||||||
425,000 | i | Park River Holdings, Inc | LIBOR 3 M + 3.250% | 4.000 | 12/28/27 | 422,080 | |||||||||||
149,625 | i | Pluto Acquisition I, Inc | LIBOR 1 M + 5.000% | 5.500 | 06/22/26 | 149,625 | |||||||||||
493,750 | i | Pregis TopCo Corp | LIBOR 1 M + 3.750% | 3.859 | 07/31/26 | 489,326 | |||||||||||
189,000 | h,i | Pregis TopCo LLC | LIBOR 1 M + 4.250% | 5.000 | 07/31/26 | 189,000 | |||||||||||
189,000 | i | Pregis TopCo LLC | LIBOR 1 M + 4.250% | 5.000 | 07/31/26 | 189,000 | |||||||||||
1,825,000 | i | Rackspace Technology Global, Inc | LIBOR 3 M + 2.750% | 3.500 | 02/03/28 | 1,807,316 | |||||||||||
399,000 | i | Radiate Holdco LLC | LIBOR 1 M + 3.500% | 4.250 | 09/25/26 | 398,593 | |||||||||||
2,460,817 | i | Ryan Specialty Group LLC | LIBOR 1 M + 3.000% | 4.000 | 09/01/27 | 2,456,707 | |||||||||||
275,000 | i | SkyMiles IP Ltd | LIBOR 3 M + 3.750% | 4.750 | 10/20/27 | 288,475 | |||||||||||
591,871 | i | TricorBraun Holdings, Inc | LIBOR 3 M + 3.250% | 3.750 | 03/03/28 | 585,703 |
246 |
TIAA-CREF FUNDS - Core Plus Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 133,129 | i | TricorBraun Holdings, Inc | LIBOR 3 M + 3.250% | 3.750 | % | 03/03/28 | $ | 131,742 | ||||||||
1,870,944 | i | Univision Communications, Inc | LIBOR 1 M + 3.750% | 4.750 | 03/15/26 | 1,867,764 | |||||||||||
374,063 | i | US Radiology Specialists, Inc | LIBOR 3 M + 5.500% | 6.250 | 12/10/27 | 374,414 | |||||||||||
845,755 | i | Vertical US Newco, Inc | LIBOR 6 M + 4.250% | 4.567 | 07/30/27 | 847,024 | |||||||||||
1,450,000 | i | Woof Holdings, Inc | LIBOR 3 M + 3.750% | 4.500 | 12/21/27 | 1,442,750 | |||||||||||
525,000 | i | Zaxby’s Operating Co LP | LIBOR 1 M + 3.750% | 4.500 | 12/09/27 | 524,081 | |||||||||||
TOTAL MEDIA & ENTERTAINMENT | 29,370,660 | ||||||||||||||||
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.2% | |||||||||||||||||
520,765 | i | Alphabet Holding Co, Inc | LIBOR 1 M + 3.500% | 3.609 | 09/26/24 | 516,292 | |||||||||||
623,438 | i | Avantor, Inc | LIBOR 1 M + 2.250% | 3.250 | 10/29/27 | 623,126 | |||||||||||
2,647,427 | h,i | Bausch Health Americas, Inc | LIBOR 1 M + 3.000% | 3.109 | 06/02/25 | 2,637,393 | |||||||||||
1,443,025 | i | Endo International PLC | LIBOR 3 M + 4.250% | 5.000 | 04/29/24 | 1,426,791 | |||||||||||
867,844 | h,i | Endo Luxembourg Finance Co I Sarl | LIBOR 1 M + 5.000% | 5.750 | 03/10/28 | 858,081 | |||||||||||
1,456,005 | i | PAREXEL International Corp | LIBOR 1 M + 2.750% | 2.865 | 09/27/24 | 1,438,038 | |||||||||||
1,934,353 | i | PPD, Inc | LIBOR 1 M + 2.250% | 2.750 | 01/13/28 | 1,922,960 | |||||||||||
TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 9,422,681 | ||||||||||||||||
REAL ESTATE - 0.0% | |||||||||||||||||
1,246,147 | i | Cushman & Wakefield plc | LIBOR 1 M + 2.750% | 2.865 | 08/21/25 | 1,219,405 | |||||||||||
TOTAL REAL ESTATE | 1,219,405 | ||||||||||||||||
RETAILING - 0.1% | |||||||||||||||||
1,792,735 | i | Hillman Group, Inc | LIBOR 1 M + 4.000% | 4.147 | 05/31/25 | 1,789,652 | |||||||||||
448,875 | i | LS GROUP OPCO ACQUISITIO | LIBOR 3 M + 3.500% | 4.250 | 11/02/27 | 448,502 | |||||||||||
373,935 | i | Men’s Wearhouse LLC | LIBOR 1 M + 8.000% | 9.000 | 12/01/25 | 284,191 | |||||||||||
500,000 | i | PetSmart, Inc | LIBOR 3 M + 3.750% | 4.500 | 02/11/28 | 498,850 | |||||||||||
1,600,000 | i | Resideo Funding, Inc | LIBOR 3 M + 2.250% | 2.750 | 02/09/28 | 1,594,000 | |||||||||||
806,830 | i | Sally Holdings LLC | LIBOR 1 M + 2.250% | 2.360 | 07/05/24 | 803,804 | |||||||||||
1,940,438 | i | Staples, Inc | LIBOR 3 M + 5.000% | 5.205 | 04/16/26 | 1,890,316 | |||||||||||
TOTAL RETAILING | 7,309,315 | ||||||||||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.0% | |||||||||||||||||
671,780 | i | MKS Instruments, Inc | LIBOR 1 M + 1.750% | 1.859 | 02/02/26 | 670,940 | |||||||||||
TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | 670,940 | ||||||||||||||||
SOFTWARE & SERVICES - 0.2% | |||||||||||||||||
500,000 | i | Avaya Holdings Corp | LIBOR 1 M + 4.250% | 4.356 | 12/15/27 | 499,920 | |||||||||||
994,987 | i | BY Crown Parent LLC | LIBOR 1 M + 3.000% | 4.000 | 01/31/26 | 994,052 | |||||||||||
1,805,919 | i | Camelot Finance S.A. | LIBOR 1 M + 3.000% | 3.109 | 10/30/26 | 1,790,677 | |||||||||||
1,492,347 | i | Hyland Software, Inc | LIBOR 1 M + 3.500% | 4.250 | 07/01/24 | 1,490,019 | |||||||||||
1,994,962 | i | Informatica LLC | LIBOR 1 M + 3.250% | 3.371 | 02/14/27 | 1,978,005 | |||||||||||
1,237,775 | i | Mitchell International, Inc | LIBOR 1 M + 3.250% | 3.359 | 11/29/24 | 1,216,807 | |||||||||||
119,100 | i | Presidio Holdings, Inc | LIBOR 3 M + 3.500% | 3.720 | 01/22/27 | 118,653 | |||||||||||
475,000 | h,i | RealPage, Inc | LIBOR 3 M + 3.250% | 3.750 | 02/18/28 | 472,558 | |||||||||||
124,376 | i | UKG, Inc | LIBOR 3 M + 3.250% | 4.000 | 05/04/26 | 124,376 | |||||||||||
TOTAL SOFTWARE & SERVICES | 8,685,067 | ||||||||||||||||
TECHNOLOGY HARDWARE & EQUIPMENT - 0.1% | |||||||||||||||||
1,326,738 | i | Dell International LLC | LIBOR 1 M + 1.750% | 2.000 | 09/19/25 | 1,324,960 | |||||||||||
225,722 | i | MTS Systems Corp | LIBOR 1 M + 3.250% | 4.000 | 07/05/23 | 225,440 | |||||||||||
2,262,808 | i | Western Digital Corp | LIBOR 1 M + 1.750% | 1.865 | 04/29/23 | 2,259,052 | |||||||||||
TOTAL TECHNOLOGY HARDWARE & EQUIPMENT | 3,809,452 |
247 |
TIAA-CREF FUNDS - Core Plus Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
TELECOMMUNICATION SERVICES - 0.1% | |||||||||||||||||
$ | 997,468 | i | CommScope, Inc | LIBOR 1 M + 3.250% | 3.359 | % | 04/06/26 | $ | 990,037 | ||||||||
3,000,000 | i | SFR Group S.A. | LIBOR 1 M + 3.688% | 3.800 | 01/31/26 | 2,969,370 | |||||||||||
623,553 | i | Zayo Group Holdings, Inc | LIBOR 1 M + 3.000% | 3.115 | 03/09/27 | 618,084 | |||||||||||
TOTAL TELECOMMUNICATION SERVICES | 4,577,491 | ||||||||||||||||
TRANSPORTATION - 0.1% | |||||||||||||||||
750,000 | h,i | American Airlines, Inc | LIBOR 3 M + 4.750% | 5.500 | 03/24/28 | 767,580 | |||||||||||
1,980,000 | i | Genesee & Wyoming, Inc | LIBOR 3 M + 2.000% | 2.203 | 12/30/26 | 1,971,961 | |||||||||||
475,000 | i | Mileage Plus Holdings LLC | LIBOR 3 M + 5.250% | 6.250 | 06/18/27 | 504,170 | |||||||||||
1,196,736 | i | XPO Logistics, Inc | LIBOR 1 M + 1.750% | 1.865 | 02/24/25 | 1,188,299 | |||||||||||
TOTAL TRANSPORTATION | 4,432,010 | ||||||||||||||||
UTILITIES - 0.2% | |||||||||||||||||
466,520 | i | AssuredPartners, Inc | LIBOR 1 M + 3.500% | 3.609 | 02/12/27 | 460,884 | |||||||||||
990,000 | i | AssuredPartners, Inc | LIBOR 1 M + 4.500% | 5.500 | 02/12/27 | 989,752 | |||||||||||
1,974,050 | i | Gopher Resource LLC | LIBOR 1 M + 3.250% | 4.250 | 03/06/25 | 1,761,840 | |||||||||||
1,462,595 | i | ProQuest LLC | LIBOR 1 M + 3.250% | 3.359 | 10/23/26 | 1,452,357 | |||||||||||
1,275,839 | i | Seattle SpinCo, Inc | LIBOR 1 M + 2.750% | 2.859 | 06/21/24 | 1,262,022 | |||||||||||
427,500 | i | Talen Energy Supply LLC | LIBOR 1 M + 3.750% | 3.859 | 06/26/26 | 414,675 | |||||||||||
2,147,125 | h,i | Utz Quality Foods LLC | LIBOR 1 M + 3.000% | 3.109 | 01/20/28 | 2,142,208 | |||||||||||
TOTAL UTILITIES | 8,483,738 | ||||||||||||||||
TOTAL BANK LOAN OBLIGATIONS | 175,784,158 | ||||||||||||||||
(Cost $176,151,271) | |||||||||||||||||
BONDS - 93.1% | |||||||||||||||||
CORPORATE BONDS - 41.9% | |||||||||||||||||
AUTOMOBILES & COMPONENTS - 0.8% | |||||||||||||||||
4,500,000 | g | Adient Global Holdings Ltd | 4.875 | 08/15/26 | 4,651,110 | ||||||||||||
350,000 | g | Adient US LLC | 9.000 | 04/15/25 | 388,500 | ||||||||||||
1,925,000 | g | Allison Transmission, Inc | 3.750 | 01/30/31 | 1,864,844 | ||||||||||||
1,625,000 | g | Clarios Global LP | 6.750 | 05/15/25 | 1,738,262 | ||||||||||||
1,500,000 | g | Dana Financing Luxembourg SARL | 6.500 | 06/01/26 | 1,556,250 | ||||||||||||
575,000 | Dana, Inc | 5.375 | 11/15/27 | 603,750 | |||||||||||||
350,000 | Dana, Inc | 5.625 | 06/15/28 | 374,500 | |||||||||||||
750,000 | Ford Motor Co | 8.500 | 04/21/23 | 836,250 | |||||||||||||
775,000 | Ford Motor Co | 9.000 | 04/22/25 | 938,614 | |||||||||||||
1,000,000 | Ford Motor Co | 7.450 | 07/16/31 | 1,260,830 | |||||||||||||
4,900,000 | g | Gates Global LLC | 6.250 | 01/15/26 | 5,132,750 | ||||||||||||
3,300,000 | General Motors Co | 6.125 | 10/01/25 | 3,880,498 | |||||||||||||
2,300,000 | General Motors Co | 5.000 | 10/01/28 | 2,635,819 | |||||||||||||
1,350,000 | General Motors Co | 6.600 | 04/01/36 | 1,752,212 | |||||||||||||
3,325,000 | General Motors Co | 5.200 | 04/01/45 | 3,817,796 | |||||||||||||
750,000 | General Motors Co | 6.750 | 04/01/46 | 1,012,375 | |||||||||||||
5,000,000 | Goodyear Tire & Rubber Co | 9.500 | 05/31/25 | 5,609,000 | |||||||||||||
5,000,000 | Goodyear Tire & Rubber Co | 5.250 | 04/30/31 | 5,000,000 | |||||||||||||
250,000 | g,o | IHO Verwaltungs GmbH | 4.750 | 09/15/26 | 256,797 | ||||||||||||
1,450,000 | Magna International, Inc | 3.625 | 06/15/24 | 1,567,725 | |||||||||||||
TOTAL AUTOMOBILES & COMPONENTS | 44,877,882 |
248 |
TIAA-CREF FUNDS - Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
BANKS - 7.5% | |||||||||||||||
$ | 2,000,000 | g | Akbank T.A.S. | 6.800 | % | 02/06/26 | $ | 1,991,466 | |||||||
2,000,000 | g | Akbank T.A.S. | 6.797 | 04/27/28 | 1,863,000 | ||||||||||
2,450,000 | g | Australia & New Zealand Banking Group Ltd | 2.950 | 07/22/30 | 2,532,099 | ||||||||||
4,000,000 | Banco Bilbao Vizcaya Argentaria S.A. | 6.500 | N/A‡ | 4,326,400 | |||||||||||
1,175,000 | g | Banco de Credito del Peru | 3.250 | 09/30/31 | 1,175,000 | ||||||||||
2,375,000 | g | Banco del Estado de Chile | 2.704 | 01/09/25 | 2,475,682 | ||||||||||
1,725,000 | g | Banco Industrial S.A. | 4.875 | 01/29/31 | 1,777,095 | ||||||||||
3,000,000 | g | Banco Internacional del Peru SAA Interbank | 4.000 | 07/08/30 | 3,058,875 | ||||||||||
3,750,000 | g | Banco Santander Mexico S.A. Institucion de Banca Multiple Grupo Financiero Santand | 5.375 | 04/17/25 | 4,210,500 | ||||||||||
1,000,000 | Banco Santander S.A. | 2.746 | 05/28/25 | 1,044,829 | |||||||||||
1,905,000 | Banco Santander S.A. | 3.800 | 02/23/28 | 2,055,739 | |||||||||||
1,400,000 | Banco Santander S.A. | 2.749 | 12/03/30 | 1,333,535 | |||||||||||
3,200,000 | Banco Santander S.A. | 7.500 | N/A‡ | 3,516,000 | |||||||||||
2,000,000 | Bancolombia S.A. | 3.000 | 01/29/25 | 2,043,000 | |||||||||||
2,000,000 | Bancolombia S.A. | 4.625 | 12/18/29 | 2,022,500 | |||||||||||
2,000,000 | g | Bangkok Bank PCL | 5.000 | N/A‡ | 2,102,500 | ||||||||||
2,000,000 | g | Banistmo S.A. | 4.250 | 07/31/27 | 2,085,000 | ||||||||||
3,000,000 | g | Bank Leumi Le-Israel BM | 3.275 | 01/29/31 | 3,045,000 | ||||||||||
11,975,000 | Bank of America Corp | 2.456 | 10/22/25 | 12,552,075 | |||||||||||
2,735,000 | Bank of America Corp | 3.248 | 10/21/27 | 2,940,353 | |||||||||||
6,675,000 | Bank of America Corp | 3.824 | 01/20/28 | 7,333,235 | |||||||||||
14,700,000 | Bank of America Corp | 2.496 | 02/13/31 | 14,564,657 | |||||||||||
14,675,000 | Bank of America Corp | 2.592 | 04/29/31 | 14,644,362 | |||||||||||
4,000,000 | Bank of America Corp | 1.922 | 10/24/31 | 3,764,263 | |||||||||||
2,000,000 | Bank of America Corp | 4.083 | 03/20/51 | 2,220,614 | |||||||||||
2,300,000 | Bank of America Corp | 3.483 | 03/13/52 | 2,343,669 | |||||||||||
630,000 | Bank of America Corp | 6.300 | N/A‡ | 724,500 | |||||||||||
7,000,000 | Bank of America Corp | 6.100 | N/A‡ | 7,770,000 | |||||||||||
1,275,000 | Bank of Montreal | 3.803 | 12/15/32 | 1,400,539 | |||||||||||
1,500,000 | Barclays plc | 4.338 | 05/16/24 | 1,606,172 | |||||||||||
3,000,000 | Barclays plc | 3.932 | 05/07/25 | 3,238,086 | |||||||||||
6,855,000 | Barclays plc | 6.125 | N/A‡ | 7,485,660 | |||||||||||
3,000,000 | Barclays plc | 7.750 | N/A‡ | 3,273,600 | |||||||||||
3,300,000 | g | BNP Paribas S.A. | 2.819 | 11/19/25 | 3,473,766 | ||||||||||
100,000 | g | BNP Paribas S.A. | 4.375 | 05/12/26 | 110,580 | ||||||||||
575,000 | g | BNP Paribas S.A. | 2.219 | 06/09/26 | 589,615 | ||||||||||
2,175,000 | g | BNP Paribas S.A. | 1.323 | 01/13/27 | 2,127,132 | ||||||||||
2,150,000 | g | BNP Paribas S.A. | 1.904 | 09/30/28 | 2,113,257 | ||||||||||
6,600,000 | g | BNP Paribas S.A. | 2.588 | 08/12/35 | 6,207,306 | ||||||||||
925,000 | g | BNP Paribas S.A. | 6.625 | N/A‡ | 1,009,563 | ||||||||||
1,625,000 | Citigroup, Inc | 3.875 | 03/26/25 | 1,770,799 | |||||||||||
5,895,000 | Citigroup, Inc | 3.200 | 10/21/26 | 6,334,639 | |||||||||||
2,805,000 | Citigroup, Inc | 4.300 | 11/20/26 | 3,128,902 | |||||||||||
695,000 | Citigroup, Inc | 4.450 | 09/29/27 | 784,368 | |||||||||||
5,325,000 | Citigroup, Inc | 4.125 | 07/25/28 | 5,892,783 | |||||||||||
11,200,000 | Citigroup, Inc | 2.666 | 01/29/31 | 11,252,934 | |||||||||||
8,300,000 | Citigroup, Inc | 4.412 | 03/31/31 | 9,472,060 | |||||||||||
2,135,000 | Citigroup, Inc | 2.572 | 06/03/31 | 2,133,331 | |||||||||||
7,500,000 | Citigroup, Inc | 6.300 | N/A‡ | 7,967,325 | |||||||||||
10,000,000 | Citigroup, Inc | 5.000 | N/A‡ | 10,303,000 | |||||||||||
5,725,000 | Cooperatieve Rabobank UA | 3.750 | 07/21/26 | 6,243,720 |
249 |
TIAA-CREF FUNDS - Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 1,325,000 | g | Credicorp Ltd | 2.750 | % | 06/17/25 | $ | 1,350,175 | |||||||
3,000,000 | g | Credit Agricole S.A. | 1.247 | 01/26/27 | 2,934,146 | ||||||||||
830,000 | g | Danske Bank AS | 5.375 | 01/12/24 | 925,525 | ||||||||||
1,525,000 | g | DBS Group Holdings Ltd | 4.520 | 12/11/28 | 1,651,605 | ||||||||||
2,450,000 | Discover Bank | 2.450 | 09/12/24 | 2,564,514 | |||||||||||
800,000 | Discover Bank | 4.250 | 03/13/26 | 894,189 | |||||||||||
1,625,000 | Discover Bank | 3.450 | 07/27/26 | 1,758,531 | |||||||||||
1,375,000 | Discover Bank | 2.700 | 02/06/30 | 1,384,321 | |||||||||||
6,600,000 | Fifth Third Bancorp | 4.500 | N/A‡ | 7,009,200 | |||||||||||
2,500,000 | g | Grupo Aval Ltd | 4.375 | 02/04/30 | 2,521,875 | ||||||||||
1,775,000 | HSBC Holdings plc | 2.633 | 11/07/25 | 1,855,064 | |||||||||||
1,850,000 | HSBC Holdings plc | 1.645 | 04/18/26 | 1,851,135 | |||||||||||
1,300,000 | HSBC Holdings plc | 3.900 | 05/25/26 | 1,433,432 | |||||||||||
5,675,000 | HSBC Holdings plc | 4.292 | 09/12/26 | 6,281,333 | |||||||||||
630,000 | HSBC Holdings plc | 4.375 | 11/23/26 | 701,689 | |||||||||||
1,250,000 | HSBC Holdings plc | 4.041 | 03/13/28 | 1,368,441 | |||||||||||
1,200,000 | HSBC Holdings plc | 2.013 | 09/22/28 | 1,179,189 | |||||||||||
1,325,000 | HSBC Holdings plc | 4.950 | 03/31/30 | 1,547,044 | |||||||||||
2,200,000 | HSBC Holdings plc | 3.973 | 05/22/30 | 2,380,632 | |||||||||||
1,200,000 | HSBC Holdings plc | 2.357 | 08/18/31 | 1,154,852 | |||||||||||
4,500,000 | HSBC Holdings plc | 6.000 | N/A‡ | 4,926,375 | |||||||||||
990,000 | Huntington Bancshares, Inc | 4.000 | 05/15/25 | 1,097,088 | |||||||||||
5,000,000 | Huntington Bancshares, Inc | 5.625 | N/A‡ | 5,557,500 | |||||||||||
3,000,000 | g | ICICI Bank Ltd | 4.000 | 03/18/26 | 3,233,638 | ||||||||||
1,100,000 | ING Groep NV | 3.950 | 03/29/27 | 1,218,923 | |||||||||||
3,000,000 | g | Intercorp Financial Services, Inc | 4.125 | 10/19/27 | 3,151,500 | ||||||||||
2,680,000 | g | Intesa Sanpaolo SpA | 7.700 | N/A‡ | 3,041,800 | ||||||||||
2,000,000 | g | Itau Unibanco Holding S.A. | 3.875 | 04/15/31 | 1,940,000 | ||||||||||
700,000 | JPMorgan Chase & Co | 2.700 | 05/18/23 | 730,269 | |||||||||||
660,000 | JPMorgan Chase & Co | 3.900 | 07/15/25 | 728,567 | |||||||||||
350,000 | JPMorgan Chase & Co | 3.200 | 06/15/26 | 378,364 | |||||||||||
13,880,000 | JPMorgan Chase & Co | 3.702 | 05/06/30 | 15,128,614 | |||||||||||
3,825,000 | JPMorgan Chase & Co | 2.739 | 10/15/30 | 3,887,424 | |||||||||||
4,570,000 | JPMorgan Chase & Co | 2.522 | 04/22/31 | 4,560,377 | |||||||||||
4,575,000 | JPMorgan Chase & Co | 2.956 | 05/13/31 | 4,659,598 | |||||||||||
5,550,000 | JPMorgan Chase & Co | 1.953 | 02/04/32 | 5,260,079 | |||||||||||
1,250,000 | JPMorgan Chase & Co | 4.260 | 02/22/48 | 1,451,318 | |||||||||||
6,400,000 | JPMorgan Chase & Co | 5.000 | N/A‡ | 6,616,000 | |||||||||||
4,000,000 | JPMorgan Chase & Co | 6.100 | N/A‡ | 4,306,000 | |||||||||||
890,000 | e | Keycorp | 5.000 | N/A‡ | 974,817 | ||||||||||
775,000 | g | Kookmin Bank | 2.500 | 11/04/30 | 750,086 | ||||||||||
4,000,000 | Lloyds Banking Group plc | 7.500 | N/A‡ | 4,570,000 | |||||||||||
1,800,000 | Mitsubishi UFJ Financial Group, Inc | 2.193 | 02/25/25 | 1,856,699 | |||||||||||
3,500,000 | g,h | Mizrahi Tefahot Bank Ltd | 3.077 | 04/07/31 | 3,495,695 | ||||||||||
2,650,000 | Natwest Group plc | 3.032 | 11/28/35 | 2,528,312 | |||||||||||
5,000,000 | Natwest Group plc | 8.000 | N/A‡ | 5,862,500 | |||||||||||
1,665,000 | g | Oversea-Chinese Banking Corp Ltd | 1.832 | 09/10/30 | 1,649,782 | ||||||||||
1,200,000 | PNC Bank NA | 2.700 | 10/22/29 | 1,226,502 | |||||||||||
2,500,000 | PNC Financial Services Group, Inc | 3.900 | 04/29/24 | 2,728,098 | |||||||||||
4,000,000 | Regions Financial Corp | 5.750 | N/A‡ | 4,405,000 | |||||||||||
1,925,000 | Royal Bank of Scotland Group plc | 3.073 | 05/22/28 | 2,003,035 | |||||||||||
2,325,000 | Santander Holdings USA, Inc | 3.400 | 01/18/23 | 2,427,429 | |||||||||||
2,500,000 | g | Sovcombank Via SovCom Capital DAC | 3.400 | 01/26/25 | 2,469,343 | ||||||||||
3,675,000 | Sumitomo Mitsui Financial Group, Inc | 2.778 | 10/18/22 | 3,800,982 |
250 |
TIAA-CREF FUNDS - Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 2,250,000 | Sumitomo Mitsui Financial Group, Inc | 2.696 | % | 07/16/24 | $ | 2,378,770 | ||||||||
3,300,000 | Toronto-Dominion Bank | 1.150 | 06/12/25 | 3,301,565 | |||||||||||
475,000 | Toronto-Dominion Bank | 3.625 | 09/15/31 | 520,590 | |||||||||||
575,000 | Truist Bank | 2.750 | 05/01/23 | 602,102 | |||||||||||
1,175,000 | Truist Bank | 1.500 | 03/10/25 | 1,193,777 | |||||||||||
5,055,000 | Truist Financial Corp | 4.800 | N/A‡ | 5,300,521 | |||||||||||
2,500,000 | g | Turkiye Vakiflar Bankasi TAO | 6.500 | 01/08/26 | 2,394,273 | ||||||||||
1,725,000 | g | UBS Group AG. | 2.095 | 02/11/32 | 1,631,705 | ||||||||||
3,000,000 | UniCredit SpA | 8.000 | N/A‡ | 3,345,000 | |||||||||||
1,700,000 | g | United Overseas Bank Ltd | 3.750 | 04/15/29 | 1,817,572 | ||||||||||
1,355,000 | Wells Fargo & Co | 4.600 | 04/01/21 | 1,355,000 | |||||||||||
2,075,000 | Wells Fargo & Co | 3.750 | 01/24/24 | 2,243,834 | |||||||||||
1,050,000 | Wells Fargo & Co | 3.550 | 09/29/25 | 1,144,500 | |||||||||||
5,825,000 | Wells Fargo & Co | 2.393 | 06/02/28 | 5,970,007 | |||||||||||
3,600,000 | Wells Fargo & Co | 2.879 | 10/30/30 | 3,708,402 | |||||||||||
1,500,000 | Wells Fargo & Co | 5.875 | N/A‡ | 1,651,500 | |||||||||||
10,000,000 | Wells Fargo & Co | 3.900 | N/A‡ | 10,099,000 | |||||||||||
2,350,000 | Westpac Banking Corp | 2.850 | 05/13/26 | 2,508,110 | |||||||||||
1,300,000 | Westpac Banking Corp | 4.110 | 07/24/34 | 1,388,153 | |||||||||||
TOTAL BANKS | 417,358,072 | ||||||||||||||
CAPITAL GOODS - 1.2% | |||||||||||||||
2,000,000 | g | Adaro Indonesia PT | 4.250 | 10/31/24 | 2,020,000 | ||||||||||
1,325,000 | Air Lease Corp | 3.000 | 02/01/30 | 1,296,788 | |||||||||||
5,000,000 | Air Lease Corp | 3.125 | 12/01/30 | 4,985,177 | |||||||||||
1,690,000 | g | Airbus SE | 3.150 | 04/10/27 | 1,797,200 | ||||||||||
1,250,000 | g | BAE Systems plc | 3.400 | 04/15/30 | 1,326,825 | ||||||||||
800,000 | g | BAE Systems plc | 1.900 | 02/15/31 | 750,680 | ||||||||||
2,825,000 | g | Beacon Roofing Supply, Inc | 4.500 | 11/15/26 | 2,902,687 | ||||||||||
2,000,000 | g | BOC Aviation Ltd | 3.000 | 09/11/29 | 1,994,761 | ||||||||||
10,500,000 | Boeing Co | 2.196 | 02/04/26 | 10,467,439 | |||||||||||
2,350,000 | Boeing Co | 2.950 | 02/01/30 | 2,343,460 | |||||||||||
2,300,000 | Boeing Co | 3.250 | 02/01/35 | 2,228,970 | |||||||||||
1,325,000 | g | DAE Funding LLC | 3.375 | 03/20/28 | 1,314,072 | ||||||||||
2,475,000 | g | Embraer Netherlands Finance BV | 6.950 | 01/17/28 | 2,721,213 | ||||||||||
115,000 | General Electric Co | 6.875 | 01/10/39 | 161,731 | |||||||||||
3,075,000 | g | H&E Equipment Services, Inc | 3.875 | 12/15/28 | 2,990,438 | ||||||||||
775,000 | Howmet Aerospace, Inc | 6.875 | 05/01/25 | 898,031 | |||||||||||
3,195,000 | Ingersoll-Rand Luxembourg Finance S.A. | 3.800 | 03/21/29 | 3,505,162 | |||||||||||
800,000 | L3Harris Technologies, Inc | 3.850 | 06/15/23 | 853,495 | |||||||||||
500,000 | g | Land O’ Lakes, Inc | 8.000 | N/A‡ | 527,500 | ||||||||||
500,000 | Lockheed Martin Corp | 1.850 | 06/15/30 | 486,882 | |||||||||||
650,000 | Lockheed Martin Corp | 2.800 | 06/15/50 | 613,046 | |||||||||||
375,000 | g | Molex Electronic Technologies LLC | 3.900 | 04/15/25 | 381,913 | ||||||||||
1,925,000 | Northrop Grumman Corp | 3.250 | 01/15/28 | 2,065,024 | |||||||||||
4,615,000 | Parker-Hannifin Corp | 3.250 | 06/14/29 | 4,932,415 | |||||||||||
750,000 | g | PowerTeam Services LLC | 9.033 | 12/04/25 | 826,875 | ||||||||||
2,000,000 | Raytheon Technologies Corp | 2.250 | 07/01/30 | 1,968,301 | |||||||||||
325,000 | g | Rolls-Royce plc | 5.750 | 10/15/27 | 345,816 | ||||||||||
1,300,000 | Roper Technologies, Inc | 1.400 | 09/15/27 | 1,256,005 | |||||||||||
1,000,000 | Roper Technologies, Inc | 2.950 | 09/15/29 | 1,041,390 | |||||||||||
2,825,000 | Roper Technologies, Inc | 2.000 | 06/30/30 | 2,699,150 | |||||||||||
2,800,000 | g | TSMC Global Ltd | 1.000 | 09/28/27 | 2,690,698 | ||||||||||
1,400,000 | g | Tupy Overseas S.A. | 4.500 | 02/16/31 | 1,358,014 |
251 |
TIAA-CREF FUNDS - Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 199,000 | United Technologies Corp | 3.650 | % | 08/16/23 | $ | 212,888 | ||||||||
4,450,000 | United Technologies Corp | 4.125 | 11/16/28 | 5,011,294 | |||||||||||
1,725,000 | United Technologies Corp | 4.500 | 06/01/42 | 2,057,055 | |||||||||||
975,000 | g | WESCO Distribution, Inc | 7.125 | 06/15/25 | 1,066,163 | ||||||||||
725,000 | g | WESCO Distribution, Inc | 7.250 | 06/15/28 | 809,386 | ||||||||||
TOTAL CAPITAL GOODS | 74,907,944 | ||||||||||||||
COMMERCIAL & PROFESSIONAL SERVICES - 0.9% | |||||||||||||||
770,000 | ADT Corp | 4.125 | 06/15/23 | 799,837 | |||||||||||
5,000,000 | g | ADT Corp | 4.875 | 07/15/32 | 5,081,250 | ||||||||||
1,650,000 | AECOM | 5.875 | 10/15/24 | 1,853,857 | |||||||||||
800,000 | g | ASGN, Inc | 4.625 | 05/15/28 | 825,344 | ||||||||||
5,000,000 | BayCare Health System, Inc | 2.560 | 11/15/21 | 5,063,424 | |||||||||||
3,000,000 | BayCare Health System, Inc | 2.610 | 11/15/22 | 3,102,069 | |||||||||||
2,550,518 | g | British Airways | 3.800 | 09/20/31 | 2,657,747 | ||||||||||
250,000 | g | GFL Environmental, Inc | 4.250 | 06/01/25 | 257,500 | ||||||||||
1,000,000 | g | GFL Environmental, Inc | 3.750 | 08/01/25 | 1,015,000 | ||||||||||
250,000 | g | GFL Environmental, Inc | 5.125 | 12/15/26 | 263,437 | ||||||||||
3,150,000 | g | GFL Environmental, Inc | 3.500 | 09/01/28 | 3,055,500 | ||||||||||
500,000 | IHS Markit Ltd | 4.125 | 08/01/23 | 535,805 | |||||||||||
1,830,000 | IHS Markit Ltd | 4.250 | 05/01/29 | 2,061,367 | |||||||||||
400,000 | g | KAR Auction Services, Inc | 5.125 | 06/01/25 | 407,220 | ||||||||||
125,000 | g,h | NESCO Holdings II, Inc | 5.500 | 04/15/29 | 128,225 | ||||||||||
775,000 | g | Prime Security Services Borrower LLC | 5.250 | 04/15/24 | 826,654 | ||||||||||
2,750,000 | g | Prime Security Services Borrower LLC | 5.750 | 04/15/26 | 2,975,638 | ||||||||||
1,200,000 | g | Prime Security Services Borrower LLC | 3.375 | 08/31/27 | 1,164,000 | ||||||||||
2,725,000 | g | Prime Security Services Borrower LLC | 6.250 | 01/15/28 | 2,836,698 | ||||||||||
1,550,000 | Republic Services, Inc | 2.900 | 07/01/26 | 1,652,968 | |||||||||||
200,000 | g | Ritchie Bros Auctioneers, Inc | 5.375 | 01/15/25 | 205,770 | ||||||||||
625,000 | RR Donnelley & Sons Co | 6.500 | 11/15/23 | 662,500 | |||||||||||
3,000,000 | g | Stericycle, Inc | 5.375 | 07/15/24 | 3,097,500 | ||||||||||
1,150,000 | g | Stericycle, Inc | 3.875 | 01/15/29 | 1,135,625 | ||||||||||
1,330,000 | Verisk Analytics, Inc | 4.125 | 03/15/29 | 1,477,966 | |||||||||||
325,000 | Verisk Analytics, Inc | 3.625 | 05/15/50 | 319,485 | |||||||||||
550,000 | Waste Management, Inc | 4.100 | 03/01/45 | 620,941 | |||||||||||
850,000 | Waste Management, Inc | 2.500 | 11/15/50 | 734,139 | |||||||||||
TOTAL COMMERCIAL & PROFESSIONAL SERVICES | 44,817,466 | ||||||||||||||
CONSUMER DURABLES & APPAREL - 0.2% | |||||||||||||||
325,000 | g | Hanesbrands, Inc | 4.625 | 05/15/24 | 344,794 | ||||||||||
400,000 | Leggett & Platt, Inc | 4.400 | 03/15/29 | 446,986 | |||||||||||
5,000,000 | Lennar Corp | 4.750 | 11/29/27 | 5,740,600 | |||||||||||
275,000 | g | Mattel, Inc | 3.375 | 04/01/26 | 283,921 | ||||||||||
369,000 | Newell Brands, Inc | 4.875 | 06/01/25 | 407,284 | |||||||||||
5,000,000 | PulteGroup, Inc | 5.000 | 01/15/27 | 5,750,000 | |||||||||||
TOTAL CONSUMER DURABLES & APPAREL | 12,973,585 | ||||||||||||||
CONSUMER SERVICES - 0.8% | |||||||||||||||
3,000,000 | g | 1011778 BC ULC / New Red Finance, Inc | 5.750 | 04/15/25 | 3,187,500 | ||||||||||
8,000,000 | Anheuser-Busch Cos LLC | 3.650 | 02/01/26 | 8,795,918 | |||||||||||
3,095,000 | Anheuser-Busch Cos LLC | 4.900 | 02/01/46 | 3,697,113 | |||||||||||
750,000 | g | Arcos Dorados Holdings, Inc | 5.875 | 04/04/27 | 790,320 | ||||||||||
1,300,000 | g | Boyd Gaming Corp | 8.625 | 06/01/25 | 1,445,600 | ||||||||||
1,825,000 | g | Cedar Fair LP | 5.500 | 05/01/25 | 1,920,885 |
252 |
TIAA-CREF FUNDS - Core Plus Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 1,200,000 | g | Cott Holdings, Inc | 5.500 | % | 04/01/25 | $ | 1,233,360 | |||||||||
2,300,000 | g | ENA Master Trust | 4.000 | 05/19/48 | 2,334,500 | ||||||||||||
150,000 | g | Hilton Domestic Operating Co, Inc | 5.375 | 05/01/25 | 158,100 | ||||||||||||
150,000 | g | Hilton Domestic Operating Co, Inc | 5.750 | 05/01/28 | 161,440 | ||||||||||||
3,700,000 | g | Hilton Domestic Operating Co, Inc | 3.625 | 02/15/32 | 3,591,220 | ||||||||||||
2,070,000 | g | International Game Technology plc | 6.500 | 02/15/25 | 2,271,825 | ||||||||||||
400,000 | g | International Game Technology plc | 4.125 | 04/15/26 | 411,032 | ||||||||||||
4,550,000 | g | Live Nation Entertainment, Inc | 6.500 | 05/15/27 | 5,050,500 | ||||||||||||
1,550,000 | g | Melco Resorts Finance Ltd | 5.750 | 07/21/28 | 1,650,750 | ||||||||||||
800,000 | g | Melco Resorts Finance Ltd | 5.375 | 12/04/29 | 849,832 | ||||||||||||
400,000 | g | MGM China Holdings Ltd | 5.250 | 06/18/25 | 415,500 | ||||||||||||
1,400,000 | g | MGM China Holdings Ltd | 4.750 | 02/01/27 | 1,419,250 | ||||||||||||
2,355,000 | i | Nature Conservancy | LIBOR 3 M + 1.080% | 1.285 | 02/01/24 | 2,362,261 | |||||||||||
2,745,000 | Northwestern University | 3.812 | 12/01/50 | 2,866,343 | |||||||||||||
1,400,000 | Sands China Ltd | 5.400 | 08/08/28 | 1,599,416 | |||||||||||||
325,000 | g | Scientific Games International, Inc | 5.000 | 10/15/25 | 336,603 | ||||||||||||
475,000 | g | Studio City Finance Ltd | 5.000 | 01/15/29 | 476,758 | ||||||||||||
450,000 | g | Wynn Macau Ltd | 5.625 | 08/26/28 | 470,385 | ||||||||||||
100,000 | g | Yum! Brands, Inc | 7.750 | 04/01/25 | 109,375 | ||||||||||||
TOTAL CONSUMER SERVICES | 47,605,786 | ||||||||||||||||
DIVERSIFIED FINANCIALS - 4.4% | |||||||||||||||||
2,000,000 | AerCap Ireland Capital DAC | 4.625 | 07/01/22 | 2,091,905 | |||||||||||||
2,150,000 | AerCap Ireland Capital DAC | 1.750 | 01/30/26 | 2,088,218 | |||||||||||||
900,000 | AerCap Ireland Capital DAC | 3.650 | 07/21/27 | 944,394 | |||||||||||||
3,000,000 | AerCap Ireland Capital DAC | 4.625 | 10/15/27 | 3,290,858 | |||||||||||||
3,200,000 | American Express Co | 2.500 | 08/01/22 | 3,286,127 | |||||||||||||
2,312,000 | American Express Co | 3.700 | 08/03/23 | 2,474,614 | |||||||||||||
2,000,000 | g | Banco BTG Pactual S.A. | 4.500 | 01/10/25 | 2,043,800 | ||||||||||||
4,000,000 | g | Banco BTG Pactual S.A. | 2.750 | 01/11/26 | 3,784,000 | ||||||||||||
1,380,000 | g | Banco Mercantil del Norte S.A. | 6.750 | N/A‡ | 1,436,511 | ||||||||||||
6,300,000 | Bank of New York Mellon Corp | 4.700 | N/A‡ | 6,825,735 | |||||||||||||
2,850,000 | g | BBVA Bancomer S.A. | 5.125 | 01/18/33 | 2,931,966 | ||||||||||||
1,200,000 | Berkshire Hathaway, Inc | 3.125 | 03/15/26 | 1,306,404 | |||||||||||||
1,800,000 | g | BPCE S.A. | 4.625 | 07/11/24 | 1,985,528 | ||||||||||||
2,825,000 | Capital One Bank USA NA | 3.375 | 02/15/23 | 2,967,353 | |||||||||||||
1,055,000 | Capital One Financial Corp | 3.750 | 03/09/27 | 1,158,121 | |||||||||||||
5,000,000 | Charles Schwab Corp | 4.000 | N/A‡ | 5,074,000 | |||||||||||||
6,675,000 | Charles Schwab Corp | 5.375 | N/A‡ | 7,373,672 | |||||||||||||
600,000 | g | Compass Group Diversified Holdings LLC | 5.250 | 04/15/29 | 629,058 | ||||||||||||
2,500,000 | g | Credit Suisse Group AG. | 2.997 | 12/14/23 | 2,584,493 | ||||||||||||
475,000 | g | Credit Suisse Group AG. | 2.193 | 06/05/26 | 482,723 | ||||||||||||
5,900,000 | g | Credit Suisse Group AG. | 1.305 | 02/02/27 | 5,710,813 | ||||||||||||
550,000 | g | Credit Suisse Group AG. | 4.194 | 04/01/31 | 598,303 | ||||||||||||
5,335,000 | g | Credit Suisse Group AG. | 5.250 | N/A‡ | 5,388,350 | ||||||||||||
4,075,000 | Credit Suisse Group Funding Guernsey Ltd | 3.800 | 06/09/23 | 4,323,902 | |||||||||||||
2,325,000 | Credit Suisse Group Funding Guernsey Ltd | 3.750 | 03/26/25 | 2,505,177 | |||||||||||||
2,750,000 | Deutsche Bank AG. | 6.000 | N/A‡ | 2,784,375 | |||||||||||||
8,400,000 | Discover Financial Services | 6.125 | N/A‡ | 9,324,000 | |||||||||||||
4,550,000 | Equitable Holdings, Inc | 4.950 | N/A‡ | 4,811,625 | |||||||||||||
1,775,000 | Ford Motor Credit Co LLC | 3.096 | 05/04/23 | 1,803,844 | |||||||||||||
1,140,000 | Ford Motor Credit Co LLC | 5.584 | 03/18/24 | 1,230,391 | |||||||||||||
1,400,000 | Ford Motor Credit Co LLC | 4.000 | 11/13/30 | 1,388,786 | |||||||||||||
1,775,000 | GE Capital International Funding Co | 3.373 | 11/15/25 | 1,924,624 |
253 |
TIAA-CREF FUNDS - Core Plus Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 9,725,000 | GE Capital International Funding Co | 4.418 | % | 11/15/35 | $ | 11,132,791 | ||||||||||
2,000,000 | General Motors Financial Co, Inc | 2.750 | 06/20/25 | 2,087,806 | |||||||||||||
1,800,000 | General Motors Financial Co, Inc | 5.650 | 01/17/29 | 2,135,266 | |||||||||||||
3,300,000 | General Motors Financial Co, Inc | 3.600 | 06/21/30 | 3,480,925 | |||||||||||||
4,550,000 | General Motors Financial Co, Inc | 5.700 | N/A‡ | 4,914,000 | |||||||||||||
660,000 | Goldman Sachs Group, Inc | 5.250 | 07/27/21 | 670,180 | |||||||||||||
1,250,000 | Goldman Sachs Group, Inc | 4.000 | 03/03/24 | 1,362,131 | |||||||||||||
1,050,000 | Goldman Sachs Group, Inc | 3.500 | 01/23/25 | 1,133,108 | |||||||||||||
3,500,000 | Goldman Sachs Group, Inc | 1.093 | 12/09/26 | 3,429,621 | |||||||||||||
3,650,000 | Goldman Sachs Group, Inc | 1.431 | 03/09/27 | 3,617,319 | |||||||||||||
8,625,000 | Goldman Sachs Group, Inc | 3.691 | 06/05/28 | 9,437,154 | |||||||||||||
1,300,000 | Goldman Sachs Group, Inc | 4.017 | 10/31/38 | 1,441,583 | |||||||||||||
1,425,000 | Goldman Sachs Group, Inc | 4.800 | 07/08/44 | 1,750,574 | |||||||||||||
5,000,000 | Goldman Sachs Group, Inc | 4.950 | N/A‡ | 5,289,000 | |||||||||||||
8,050,000 | Goldman Sachs Group, Inc | 5.500 | N/A‡ | 8,694,000 | |||||||||||||
2,000,000 | g | High Street Funding Trust I | 4.111 | 02/15/28 | 2,209,526 | ||||||||||||
925,000 | Icahn Enterprises LP | 5.250 | 05/15/27 | 955,062 | |||||||||||||
3,850,000 | g | Icahn Enterprises LP | 4.375 | 02/01/29 | 3,762,258 | ||||||||||||
5,000,000 | g | Indian Railway Finance Corp Ltd | 2.800 | 02/10/31 | 4,742,121 | ||||||||||||
2,000,000 | International Lease Finance Corp | 5.875 | 08/15/22 | 2,138,684 | |||||||||||||
1,000,000 | g | Jefferies Finance LLC | 6.250 | 06/03/26 | 1,050,000 | ||||||||||||
425,000 | Legg Mason, Inc | 3.950 | 07/15/24 | 467,362 | |||||||||||||
850,000 | g | Lions Gate Capital Holdings LLC | 5.875 | 11/01/24 | 874,973 | ||||||||||||
3,425,000 | g | LPL Holdings, Inc | 4.000 | 03/15/29 | 3,450,688 | ||||||||||||
1,400,000 | g | Minejesa Capital BV | 4.625 | 08/10/30 | 1,457,750 | ||||||||||||
1,000,000 | g | Minejesa Capital BV | 5.625 | 08/10/37 | 1,046,250 | ||||||||||||
6,550,000 | Morgan Stanley | 3.125 | 01/23/23 | 6,858,172 | |||||||||||||
3,445,000 | Morgan Stanley | 2.720 | 07/22/25 | 3,634,196 | |||||||||||||
6,300,000 | Morgan Stanley | 2.188 | 04/28/26 | 6,509,363 | |||||||||||||
7,925,000 | Morgan Stanley | 3.125 | 07/27/26 | 8,529,519 | |||||||||||||
2,000,000 | Morgan Stanley | 3.625 | 01/20/27 | 2,194,502 | |||||||||||||
1,480,000 | Morgan Stanley | 3.950 | 04/23/27 | 1,637,731 | |||||||||||||
1,850,000 | Morgan Stanley | 2.699 | 01/22/31 | 1,882,428 | |||||||||||||
1,140,000 | Northern Trust Corp | 3.950 | 10/30/25 | 1,271,680 | |||||||||||||
2,375,000 | g | Power Finance Corp Ltd | 3.950 | 04/23/30 | 2,425,184 | ||||||||||||
1,715,000 | g | Quicken Loans, Inc | 5.250 | 01/15/28 | 1,800,750 | ||||||||||||
2,000,000 | g | REC Ltd | 4.750 | 05/19/23 | 2,120,395 | ||||||||||||
5,000,000 | g,i | Sanders Re Ltd | LIBOR 6 M + 2.930% | 2.930 | 12/06/21 | 4,985,500 | |||||||||||
1,000,000 | SLM Corp | 5.500 | 01/25/23 | 1,037,500 | |||||||||||||
600,000 | Springleaf Finance Corp | 6.125 | 03/15/24 | 648,000 | |||||||||||||
1,800,000 | Springleaf Finance Corp | 8.875 | 06/01/25 | 1,994,040 | |||||||||||||
1,350,000 | Springleaf Finance Corp | 5.375 | 11/15/29 | 1,436,062 | |||||||||||||
700,000 | g | Swiss Re Finance Luxembourg SA | 5.000 | 04/02/49 | 792,540 | ||||||||||||
55,000 | Synchrony Financial | 2.850 | 07/25/22 | 56,480 | |||||||||||||
1,225,000 | Synchrony Financial | 4.375 | 03/19/24 | 1,335,490 | |||||||||||||
1,775,000 | Synchrony Financial | 4.250 | 08/15/24 | 1,930,858 | |||||||||||||
1,875,000 | g | UBS Group AG | 2.859 | 08/15/23 | 1,933,004 | ||||||||||||
5,000,000 | g | UBS Group AG | 7.000 | N/A‡ | 5,491,950 | ||||||||||||
350,000 | Voya Financial, Inc | 5.700 | 07/15/43 | 452,649 | |||||||||||||
925,000 | e | Voya Financial, Inc | 6.125 | N/A‡ | 992,201 | ||||||||||||
TOTAL DIVERSIFIED FINANCIALS | 241,233,996 | ||||||||||||||||
ENERGY - 4.2% | |||||||||||||||||
1,450,000 | g | Abu Dhabi Crude Oil Pipeline LLC | 4.600 | 11/02/47 | 1,635,049 |
254 |
TIAA-CREF FUNDS - Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 400,000 | AmeriGas Partners LP | 5.875 | % | 08/20/26 | $ | 440,160 | ||||||||
3,950,000 | g | Archrock Partners LP | 6.875 | 04/01/27 | 4,117,875 | ||||||||||
375,000 | g | Archrock Partners LP | 6.250 | 04/01/28 | 380,925 | ||||||||||
2,000,000 | Calumet Specialty Products Partners LP | 7.750 | 04/15/23 | 1,985,220 | |||||||||||
4,500,000 | Cenovus Energy, Inc | 5.375 | 07/15/25 | 5,057,165 | |||||||||||
1,750,000 | Cenovus Energy, Inc | 4.250 | 04/15/27 | 1,892,650 | |||||||||||
600,000 | g | Chesapeake Energy Corp | 5.500 | 02/01/26 | 624,537 | ||||||||||
3,300,000 | Chevron Corp | 1.554 | 05/11/25 | 3,367,333 | |||||||||||
1,475,000 | Chevron Corp | 2.236 | 05/11/30 | 1,467,590 | |||||||||||
164,118 | † | Cloud Peak Energy, Inc | 9.000 | 10/24/24 | 105,035 | ||||||||||
257,900 | †,o | Cloud Peak Energy, Inc | 12.000 | 05/01/25 | 159,898 | ||||||||||
2,500,000 | g | ConocoPhillips | 2.400 | 02/15/31 | 2,466,764 | ||||||||||
45,000 | ConocoPhillips Co | 6.500 | 02/01/39 | 64,228 | |||||||||||
3,125,000 | g | Cosan Ltd | 5.500 | 09/20/29 | 3,307,812 | ||||||||||
2,325,000 | Crestwood Midstream Partners LP | 5.750 | 04/01/25 | 2,337,834 | |||||||||||
2,975,000 | Diamondback Energy, Inc | 2.875 | 12/01/24 | 3,137,255 | |||||||||||
2,125,000 | Diamondback Energy, Inc | 3.250 | 12/01/26 | 2,239,598 | |||||||||||
3,000,000 | Diamondback Energy, Inc | 3.500 | 12/01/29 | 3,113,546 | |||||||||||
2,200,000 | Diamondback Energy, Inc | 3.125 | 03/24/31 | 2,196,360 | |||||||||||
2,300,000 | Ecopetrol S.A. | 6.875 | 04/29/30 | 2,800,020 | |||||||||||
375,000 | Ecopetrol S.A. | 5.875 | 05/28/45 | 400,125 | |||||||||||
2,450,000 | Enbridge, Inc | 3.125 | 11/15/29 | 2,547,576 | |||||||||||
2,340,000 | Enbridge, Inc | 5.750 | 07/15/80 | 2,503,800 | |||||||||||
1,141,000 | g | Energean Israel Finance Ltd | 4.875 | 03/30/26 | 1,147,758 | ||||||||||
897,000 | g | Energean Israel Finance Ltd | 5.375 | 03/30/28 | 906,951 | ||||||||||
1,375,000 | Energy Transfer Operating LP | 2.900 | 05/15/25 | 1,430,850 | |||||||||||
950,000 | Energy Transfer Operating LP | 4.750 | 01/15/26 | 1,054,830 | |||||||||||
575,000 | Energy Transfer Operating LP | 5.500 | 06/01/27 | 663,105 | |||||||||||
2,000,000 | Energy Transfer Operating LP | 4.950 | 06/15/28 | 2,238,119 | |||||||||||
575,000 | Energy Transfer Operating LP | 5.250 | 04/15/29 | 654,515 | |||||||||||
3,075,000 | Energy Transfer Operating LP | 3.750 | 05/15/30 | 3,170,226 | |||||||||||
2,100,000 | Energy Transfer Operating LP | 6.250 | 04/15/49 | 2,464,995 | |||||||||||
2,700,000 | Energy Transfer Operating LP | 5.000 | 05/15/50 | 2,792,460 | |||||||||||
525,000 | g | EnLink Midstream LLC | 5.625 | 01/15/28 | 507,664 | ||||||||||
1,025,000 | Enterprise Products Operating LLC | 3.700 | 02/15/26 | 1,124,698 | |||||||||||
1,550,000 | Enterprise Products Operating LLC | 3.125 | 07/31/29 | 1,634,571 | |||||||||||
200,000 | Enterprise Products Operating LLC | 2.800 | 01/31/30 | 206,494 | |||||||||||
1,025,000 | Enterprise Products Operating LLC | 4.250 | 02/15/48 | 1,088,732 | |||||||||||
1,105,000 | Enterprise Products Operating LLC | 4.200 | 01/31/50 | 1,176,454 | |||||||||||
3,125,000 | Enterprise Products Operating LLC | 3.700 | 01/31/51 | 3,076,564 | |||||||||||
1,225,000 | g | EQM Midstream Partners LP | 6.000 | 07/01/25 | 1,318,406 | ||||||||||
2,000,000 | g | EQM Midstream Partners LP | 4.500 | 01/15/29 | 1,948,920 | ||||||||||
2,025,000 | g | Ferrellgas Escrow LLC | 5.375 | 04/01/26 | 2,011,432 | ||||||||||
2,225,000 | g | Ferrellgas Escrow LLC | 5.875 | 04/01/29 | 2,194,962 | ||||||||||
3,333,000 | g | Galaxy Pipeline Assets Bidco Ltd | 2.160 | 03/31/34 | 3,225,747 | ||||||||||
2,750,000 | g | Galaxy Pipeline Assets Bidco Ltd | 2.625 | 03/31/36 | 2,621,862 | ||||||||||
675,000 | Genesis Energy LP | 6.500 | 10/01/25 | 661,669 | |||||||||||
3,750,000 | Genesis Energy LP | 6.250 | 05/15/26 | 3,581,250 | |||||||||||
450,000 | g | Hilcorp Energy I LP | 5.750 | 02/01/29 | 453,937 | ||||||||||
450,000 | g | Hilcorp Energy I LP | 6.000 | 02/01/31 | 456,750 | ||||||||||
2,500,000 | g | Indika Energy Capital IV Pte Ltd | 8.250 | 10/22/25 | 2,632,500 | ||||||||||
1,700,000 | g | KazMunayGas National Co JSC | 5.375 | 04/24/30 | 2,013,161 | ||||||||||
2,000,000 | g | KazMunayGas National Co JSC | 3.500 | 04/14/33 | 2,114,699 | ||||||||||
940,000 | Kinder Morgan Energy Partners LP | 5.400 | 09/01/44 | 1,101,633 |
255 |
TIAA-CREF FUNDS - Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 1,000,000 | Kinder Morgan, Inc | 3.450 | % | 02/15/23 | $ | 1,046,962 | ||||||||
400,000 | Kinder Morgan, Inc | 5.300 | 12/01/34 | 472,398 | |||||||||||
2,025,000 | g | Leviathan Bond Ltd | 6.125 | 06/30/25 | 2,196,716 | ||||||||||
1,500,000 | g | Leviathan Bond Ltd | 6.500 | 06/30/27 | 1,641,526 | ||||||||||
4,650,000 | Magellan Midstream Partners LP | 3.250 | 06/01/30 | 4,868,104 | |||||||||||
2,200,000 | Marathon Petroleum Corp | 3.800 | 04/01/28 | 2,377,530 | |||||||||||
4,150,000 | Marathon Petroleum Corp | 4.750 | 09/15/44 | 4,602,945 | |||||||||||
1,650,000 | Marathon Petroleum Corp | 5.000 | 09/15/54 | 1,746,355 | |||||||||||
2,000,000 | g | Medco Oak Tree Pte Ltd | 7.375 | 05/14/26 | 2,130,000 | ||||||||||
2,625,000 | MPLX LP | 1.750 | 03/01/26 | 2,629,009 | |||||||||||
4,200,000 | MPLX LP | 2.650 | 08/15/30 | 4,115,815 | |||||||||||
1,550,000 | MPLX LP | 4.700 | 04/15/48 | 1,676,944 | |||||||||||
2,000,000 | Murphy Oil Corp | 6.875 | 08/15/24 | 2,045,000 | |||||||||||
1,617,000 | Murphy Oil Corp | 5.875 | 12/01/27 | 1,584,660 | |||||||||||
450,000 | Murphy Oil USA, Inc | 5.625 | 05/01/27 | 470,250 | |||||||||||
1,400,000 | NuStar Logistics LP | 5.750 | 10/01/25 | 1,498,728 | |||||||||||
325,000 | Occidental Petroleum Corp | 5.500 | 12/01/25 | 343,688 | |||||||||||
800,000 | Occidental Petroleum Corp | 5.550 | 03/15/26 | 846,080 | |||||||||||
2,375,000 | Occidental Petroleum Corp | 3.500 | 08/15/29 | 2,228,463 | |||||||||||
1,200,000 | Occidental Petroleum Corp | 4.300 | 08/15/39 | 1,017,612 | |||||||||||
475,000 | Occidental Petroleum Corp | 4.100 | 02/15/47 | 380,603 | |||||||||||
950,000 | g | Oleoducto Central S.A. | 4.000 | 07/14/27 | 1,003,685 | ||||||||||
1,100,000 | ONEOK, Inc | 4.000 | 07/13/27 | 1,192,843 | |||||||||||
4,150,000 | ONEOK, Inc | 4.550 | 07/15/28 | 4,566,625 | |||||||||||
3,050,000 | ONEOK, Inc | 4.350 | 03/15/29 | 3,326,929 | |||||||||||
3,115,000 | ONEOK, Inc | 3.400 | 09/01/29 | 3,205,099 | |||||||||||
600,000 | ONEOK, Inc | 4.450 | 09/01/49 | 598,437 | |||||||||||
1,650,000 | ONEOK, Inc | 4.500 | 03/15/50 | 1,651,526 | |||||||||||
2,000,000 | g,h | Parkland Corp | 4.500 | 10/01/29 | 2,002,500 | ||||||||||
5,000,000 | g | Pertamina Persero PT | 1.400 | 02/09/26 | 4,862,195 | ||||||||||
850,000 | g | Pertamina Persero PT | 3.650 | 07/30/29 | 887,795 | ||||||||||
3,000,000 | g | Pertamina Persero PT | 2.300 | 02/09/31 | 2,775,567 | ||||||||||
1,200,000 | g | Peru LNG Srl | 5.375 | 03/22/30 | 1,075,512 | ||||||||||
800,000 | Petrobras Global Finance BV | 5.093 | 01/15/30 | 831,120 | |||||||||||
1,500,000 | Petrobras Global Finance BV | 5.600 | 01/03/31 | 1,580,700 | |||||||||||
2,000,000 | Petrobras Global Finance BV | 6.900 | 03/19/49 | 2,190,000 | |||||||||||
5,000,000 | Petroleos Mexicanos | 4.500 | 01/23/26 | 4,964,000 | |||||||||||
2,800,000 | Petroleos Mexicanos | 6.500 | 03/13/27 | 2,926,000 | |||||||||||
1,250,000 | Petroleos Mexicanos | 5.350 | 02/12/28 | 1,215,500 | |||||||||||
1,992,000 | Petroleos Mexicanos | 7.000 | 01/23/30 | 2,021,681 | |||||||||||
2,700,000 | Petroleos Mexicanos | 5.950 | 01/28/31 | 2,592,000 | |||||||||||
1,475,000 | e,g | Petronas Energy Canada Ltd | 2.112 | 03/23/28 | 1,455,998 | ||||||||||
625,000 | Phillips 66 Partners LP | 3.150 | 12/15/29 | 633,974 | |||||||||||
1,025,000 | Phillips 66 Partners LP | 4.680 | 02/15/45 | 1,064,317 | |||||||||||
925,000 | g | PTTEP Treasury Center Co Ltd | 2.587 | 06/10/27 | 950,383 | ||||||||||
475,000 | Regency Energy Partners LP | 4.500 | 11/01/23 | 511,297 | |||||||||||
705,000 | Sabine Pass Liquefaction LLC | 5.875 | 06/30/26 | 825,885 | |||||||||||
3,950,000 | Sabine Pass Liquefaction LLC | 4.200 | 03/15/28 | 4,333,461 | |||||||||||
5,800,000 | Sabine Pass Liquefaction LLC | 4.500 | 05/15/30 | 6,508,690 | |||||||||||
2,675,000 | g | Saudi Arabian Oil Co | 2.250 | 11/24/30 | 2,561,706 | ||||||||||
1,300,000 | Shell International Finance BV | 2.875 | 05/10/26 | 1,386,738 | |||||||||||
1,350,000 | Shell International Finance BV | 3.125 | 11/07/49 | 1,302,189 | |||||||||||
2,000,000 | Suburban Propane Partners LP | 5.500 | 06/01/24 | 2,030,700 | |||||||||||
705,000 | Suncor Energy, Inc | 6.800 | 05/15/38 | 965,853 |
256 |
TIAA-CREF FUNDS - Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 1,400,000 | Sunoco Logistics Partners Operations LP | 4.000 | % | 10/01/27 | $ | 1,505,618 | ||||||||
600,000 | Sunoco Logistics Partners Operations LP | 5.400 | 10/01/47 | 647,875 | |||||||||||
1,150,000 | g | Sunoco LP | 4.500 | 05/15/29 | 1,145,688 | ||||||||||
550,000 | g | Superior Plus LP | 4.500 | 03/15/29 | 555,610 | ||||||||||
525,000 | Targa Resources Partners LP | 6.500 | 07/15/27 | 570,507 | |||||||||||
1,000,000 | g | Targa Resources Partners LP | 4.000 | 01/15/32 | 940,520 | ||||||||||
2,000,000 | g | Thaioil Treasury Center Co Ltd | 2.500 | 06/18/30 | 1,906,920 | ||||||||||
3,300,000 | Total Capital International S.A. | 3.127 | 05/29/50 | 3,106,696 | |||||||||||
5,200,000 | TransCanada PipeLines Ltd | 4.250 | 05/15/28 | 5,845,044 | |||||||||||
1,600,000 | USA Compression Partners LP | 6.875 | 04/01/26 | 1,641,000 | |||||||||||
1,075,000 | USA Compression Partners LP | 6.875 | 09/01/27 | 1,107,250 | |||||||||||
5,000,000 | Williams Cos, Inc | 2.600 | 03/15/31 | 4,887,135 | |||||||||||
2,100,000 | g | YPF S.A. | 6.950 | 07/21/27 | 1,273,125 | ||||||||||
TOTAL ENERGY | 235,077,550 | ||||||||||||||
FOOD & STAPLES RETAILING - 0.5% | |||||||||||||||
1,400,000 | g | Central American Bottling Corp | 5.750 | 01/31/27 | 1,479,275 | ||||||||||
2,350,000 | Costco Wholesale Corp | 1.600 | 04/20/30 | 2,250,629 | |||||||||||
750,000 | Costco Wholesale Corp | 1.750 | 04/20/32 | 712,899 | |||||||||||
1,012,000 | Ingles Markets, Inc | 5.750 | 06/15/23 | 1,019,590 | |||||||||||
1,150,000 | Kroger Co | 3.700 | 08/01/27 | 1,279,801 | |||||||||||
1,800,000 | Kroger Co | 3.875 | 10/15/46 | 1,880,173 | |||||||||||
325,000 | Kroger Co | 4.450 | 02/01/47 | 366,412 | |||||||||||
2,500,000 | g | MARB BondCo plc | 3.950 | 01/29/31 | 2,376,875 | ||||||||||
675,000 | SYSCO Corp | 3.300 | 07/15/26 | 726,816 | |||||||||||
5,700,000 | Walmart, Inc | 3.700 | 06/26/28 | 6,410,724 | |||||||||||
6,425,000 | Walmart, Inc | 2.375 | 09/24/29 | 6,574,327 | |||||||||||
1,550,000 | Walmart, Inc | 3.950 | 06/28/38 | 1,791,750 | |||||||||||
TOTAL FOOD & STAPLES RETAILING | 26,869,271 | ||||||||||||||
FOOD, BEVERAGE & TOBACCO - 1.6% | |||||||||||||||
318,000 | Altria Group, Inc | 4.800 | 02/14/29 | 365,385 | |||||||||||
1,000,000 | Altria Group, Inc | 3.400 | 05/06/30 | 1,046,237 | |||||||||||
1,400,000 | Altria Group, Inc | 5.950 | 02/14/49 | 1,743,129 | |||||||||||
3,000,000 | g | Amaggi Luxembourg International Sarl | 5.250 | 01/28/28 | 3,075,000 | ||||||||||
5,580,000 | Anheuser-Busch InBev Worldwide, Inc | 4.750 | 01/23/29 | 6,520,499 | |||||||||||
2,160,000 | Anheuser-Busch InBev Worldwide, Inc | 4.439 | 10/06/48 | 2,426,030 | |||||||||||
1,850,000 | BAT Capital Corp | 2.259 | 03/25/28 | 1,821,420 | |||||||||||
4,900,000 | BAT Capital Corp | 4.906 | 04/02/30 | 5,594,770 | |||||||||||
7,450,000 | BAT Capital Corp | 2.726 | 03/25/31 | 7,205,088 | |||||||||||
1,650,000 | BAT Capital Corp | 4.540 | 08/15/47 | 1,661,365 | |||||||||||
4,100,000 | BAT Capital Corp | 3.984 | 09/25/50 | 3,842,390 | |||||||||||
1,975,000 | g | BRF S.A. | 4.875 | 01/24/30 | 2,014,500 | ||||||||||
3,000,000 | e,g | BRF S.A. | 5.750 | 09/21/50 | 2,957,550 | ||||||||||
450,000 | Constellation Brands, Inc | 4.400 | 11/15/25 | 507,195 | |||||||||||
450,000 | Constellation Brands, Inc | 3.700 | 12/06/26 | 494,236 | |||||||||||
325,000 | Constellation Brands, Inc | 3.600 | 02/15/28 | 353,442 | |||||||||||
1,625,000 | Constellation Brands, Inc | 3.150 | 08/01/29 | 1,702,068 | |||||||||||
350,000 | Constellation Brands, Inc | 2.875 | 05/01/30 | 357,621 | |||||||||||
1,800,000 | g | Corp Lindley S.A. | 4.625 | 04/12/23 | 1,856,268 | ||||||||||
1,650,000 | Diageo Capital plc | 2.125 | 10/24/24 | 1,721,966 | |||||||||||
2,425,000 | Diageo Capital plc | 2.375 | 10/24/29 | 2,441,423 | |||||||||||
1,150,000 | Diageo Capital plc | 2.000 | 04/29/30 | 1,124,404 | |||||||||||
1,675,000 | g | Embotelladora Andina S.A. | 3.950 | 01/21/50 | 1,769,219 |
257 |
TIAA-CREF FUNDS - Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 925,000 | General Mills, Inc | 2.875 | % | 04/15/30 | $ | 954,931 | ||||||||
2,000,000 | g | Grupo Bimbo SAB de C.V. | 4.700 | 11/10/47 | 2,216,335 | ||||||||||
1,800,000 | g | Grupo Bimbo SAB de C.V. | 5.950 | N/A‡ | 1,903,500 | ||||||||||
1,450,000 | g | Kernel Holding S.A. | 6.500 | 10/17/24 | 1,534,731 | ||||||||||
2,500,000 | g | Kernel Holding S.A. | 6.750 | 10/27/27 | 2,652,535 | ||||||||||
6,150,000 | Kraft Heinz Foods Co | 3.875 | 05/15/27 | 6,697,937 | |||||||||||
875,000 | Kraft Heinz Foods Co | 4.250 | 03/01/31 | 963,319 | |||||||||||
975,000 | g | Lamb Weston Holdings, Inc | 4.875 | 11/01/26 | 1,008,394 | ||||||||||
2,000,000 | g | NBM US Holdings, Inc | 6.625 | 08/06/29 | 2,199,610 | ||||||||||
775,000 | PepsiCo, Inc | 3.450 | 10/06/46 | 819,462 | |||||||||||
100,000 | Philip Morris International, Inc | 6.375 | 05/16/38 | 138,110 | |||||||||||
3,100,000 | g | Post Holdings, Inc | 4.625 | 04/15/30 | 3,107,750 | ||||||||||
2,250,000 | g | Sigma Alimentos S.A. de C.V. | 4.125 | 05/02/26 | 2,434,500 | ||||||||||
550,000 | g | Triton Water Holdings, Inc | 6.250 | 04/01/29 | 561,000 | ||||||||||
5,325,000 | g | Ulker Biskuvi Sanayi AS. | 6.950 | 10/30/25 | 5,584,039 | ||||||||||
TOTAL FOOD, BEVERAGE & TOBACCO | 85,377,358 | ||||||||||||||
HEALTH CARE EQUIPMENT & SERVICES - 2.0% | |||||||||||||||
450,000 | Abbott Laboratories | 5.300 | 05/27/40 | 595,611 | |||||||||||
2,750,000 | Anthem, Inc | 2.250 | 05/15/30 | 2,706,458 | |||||||||||
1,475,000 | Anthem, Inc | 3.600 | 03/15/51 | 1,526,781 | |||||||||||
2,200,000 | Becton Dickinson & Co | 2.823 | 05/20/30 | 2,255,351 | |||||||||||
1,200,000 | Boston Scientific Corp | 4.000 | 03/01/29 | 1,334,816 | |||||||||||
800,000 | g | Centene Corp | 5.375 | 08/15/26 | 843,920 | ||||||||||
1,150,000 | Centene Corp | 4.625 | 12/15/29 | 1,244,651 | |||||||||||
1,000,000 | Centene Corp | 3.375 | 02/15/30 | 1,009,370 | |||||||||||
6,410,000 | Centene Corp | 3.000 | 10/15/30 | 6,399,359 | |||||||||||
755,000 | g | Centene Escrow I Corp | 5.375 | 06/01/26 | 789,504 | ||||||||||
2,750,000 | g | CHS/Community Health Systems, Inc | 8.000 | 03/15/26 | 2,973,575 | ||||||||||
1,600,000 | Cigna Corp | 2.400 | 03/15/30 | 1,586,446 | |||||||||||
1,525,000 | Cigna Corp | 3.200 | 03/15/40 | 1,524,964 | |||||||||||
3,650,000 | CVS Health Corp | 3.625 | 04/01/27 | 4,006,132 | |||||||||||
7,450,000 | CVS Health Corp | 1.750 | 08/21/30 | 6,953,827 | |||||||||||
5,175,000 | CVS Health Corp | 4.780 | 03/25/38 | 6,107,461 | |||||||||||
1,400,000 | CVS Health Corp | 2.700 | 08/21/40 | 1,289,291 | |||||||||||
4,925,000 | CVS Health Corp | 5.050 | 03/25/48 | 6,046,126 | |||||||||||
3,100,000 | g | DaVita, Inc | 4.625 | 06/01/30 | 3,158,466 | ||||||||||
3,950,000 | g | DaVita, Inc | 3.750 | 02/15/31 | 3,767,234 | ||||||||||
5,400,000 | Encompass Health Corp | 4.500 | 02/01/28 | 5,530,248 | |||||||||||
9,000,000 | HCA, Inc | 3.500 | 09/01/30 | 9,076,228 | |||||||||||
1,320,000 | HCA, Inc | 5.500 | 06/15/47 | 1,641,808 | |||||||||||
3,500,000 | g | Hologic, Inc | 3.250 | 02/15/29 | 3,456,250 | ||||||||||
1,800,000 | Humana, Inc | 3.950 | 03/15/27 | 2,007,250 | |||||||||||
990,000 | g | LifePoint Health, Inc | 4.375 | 02/15/27 | 970,200 | ||||||||||
1,250,000 | g | Molina Healthcare, Inc | 4.375 | 06/15/28 | 1,286,200 | ||||||||||
3,700,000 | e,g | MPH Acquisition Holdings LLC | 5.750 | 11/01/28 | 3,607,500 | ||||||||||
3,375,000 | MPT Operating Partnership LP | 3.500 | 03/15/31 | 3,311,955 | |||||||||||
1,510,000 | g | SBA Tower Trust | 3.168 | 04/11/22 | 1,512,693 | ||||||||||
5,800,000 | g | SBA Tower Trust | 2.836 | 01/15/25 | 6,084,039 | ||||||||||
2,080,000 | g | SBA Tower Trust | 1.884 | 01/15/26 | 2,105,044 | ||||||||||
820,000 | g | SBA Tower Trust | 2.328 | 01/15/28 | 833,265 | ||||||||||
350,000 | g | Teleflex, Inc | 4.250 | 06/01/28 | 362,688 | ||||||||||
6,200,000 | Tenet Healthcare Corp | 4.625 | 07/15/24 | 6,328,278 | |||||||||||
375,000 | g | Tenet Healthcare Corp | 4.625 | 06/15/28 | 384,368 |
258 |
TIAA-CREF FUNDS - Core Plus Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 3,400,000 | g | Tenet Healthcare Corp | 6.125 | % | 10/01/28 | $ | 3,548,750 | |||||||||
2,650,000 | UnitedHealth Group, Inc | 2.950 | 10/15/27 | 2,844,537 | |||||||||||||
70,000 | UnitedHealth Group, Inc | 4.750 | 07/15/45 | 88,210 | |||||||||||||
1,400,000 | UnitedHealth Group, Inc | 3.750 | 10/15/47 | 1,530,125 | |||||||||||||
550,000 | Zimmer Biomet Holdings, Inc | 3.700 | 03/19/23 | 581,714 | |||||||||||||
1,290,000 | Zimmer Biomet Holdings, Inc | 3.550 | 04/01/25 | 1,397,673 | |||||||||||||
TOTAL HEALTH CARE EQUIPMENT & SERVICES | 114,608,366 | ||||||||||||||||
INSURANCE - 1.1% | |||||||||||||||||
1,550,000 | g | Acrisure LLC | 4.250 | 02/15/29 | 1,524,347 | ||||||||||||
150,000 | Aetna, Inc | 6.625 | 06/15/36 | 209,355 | |||||||||||||
53,000 | Aflac, Inc | 6.450 | 08/15/40 | 71,104 | |||||||||||||
825,000 | g | Alliant Holdings Intermediate LLC | 4.250 | 10/15/27 | 826,031 | ||||||||||||
550,000 | American Financial Group, Inc | 3.500 | 08/15/26 | 596,102 | |||||||||||||
1,250,000 | Aon Corp | 2.800 | 05/15/30 | 1,277,363 | |||||||||||||
3,275,000 | Aon plc | 3.500 | 06/14/24 | 3,518,658 | |||||||||||||
675,000 | Berkshire Hathaway Finance Corp | 1.850 | 03/12/30 | 658,557 | |||||||||||||
400,000 | Berkshire Hathaway Finance Corp | 4.250 | 01/15/49 | 463,071 | |||||||||||||
5,800,000 | Berkshire Hathaway Finance Corp | 2.850 | 10/15/50 | 5,345,814 | |||||||||||||
700,000 | CNA Financial Corp | 3.950 | 05/15/24 | 760,425 | |||||||||||||
1,725,000 | CNA Financial Corp | 2.050 | 08/15/30 | 1,639,653 | |||||||||||||
550,000 | g | Equitable Financial Life Global Funding | 1.400 | 07/07/25 | 549,709 | ||||||||||||
1,500,000 | g,i | First Coast Re III Pte Ltd | U.S. Treasury Bill 3 M + 6.000% | 6.015 | 04/07/25 | 1,499,400 | |||||||||||
2,200,000 | g | Five Corners Funding Trust II | 2.850 | 05/15/30 | 2,267,336 | ||||||||||||
7,425,000 | Hartford Financial Services Group, Inc | 2.800 | 08/19/29 | 7,702,268 | |||||||||||||
250,000 | Hartford Financial Services Group, Inc | 4.300 | 04/15/43 | 281,131 | |||||||||||||
1,521,000 | g | Liberty Mutual Group, Inc | 4.569 | 02/01/29 | 1,763,568 | ||||||||||||
1,750,000 | g | Liberty Mutual Group, Inc | 3.951 | 10/15/50 | 1,805,202 | ||||||||||||
475,000 | Marsh & McLennan Cos, Inc | 3.500 | 06/03/24 | 511,597 | |||||||||||||
375,000 | Marsh & McLennan Cos, Inc | 3.500 | 03/10/25 | 406,996 | |||||||||||||
875,000 | MetLife, Inc | 3.600 | 11/13/25 | 961,769 | |||||||||||||
5,920,000 | MetLife, Inc | 3.850 | N/A‡ | 6,112,400 | |||||||||||||
900,000 | g | Metropolitan Life Global Funding I | 2.950 | 04/09/30 | 937,798 | ||||||||||||
500,000 | Principal Financial Group, Inc | 2.125 | 06/15/30 | 480,822 | |||||||||||||
500,000 | Prudential Financial, Inc | 3.905 | 12/07/47 | 540,969 | |||||||||||||
2,610,000 | Prudential Financial, Inc | 3.700 | 10/01/50 | 2,639,232 | |||||||||||||
300,000 | g | Prudential Funding LLC | 6.750 | 09/15/23 | 341,431 | ||||||||||||
1,050,000 | Reinsurance Group of America, Inc | 3.900 | 05/15/29 | 1,150,913 | |||||||||||||
2,250,000 | g,i | Residential Reinsurance 2017 Ltd | U.S. Treasury Bill 3 M + 3.270% | 3.285 | 06/06/21 | 2,240,550 | |||||||||||
5,917,000 | g,i | Sutter Re Ltd | U.S. Treasury Bill 3 M + 5.000% | 5.000 | 06/06/22 | 6,072,025 | |||||||||||
2,200,000 | g,i | Vitality Re X Ltd | U.S. Treasury Bill 3 M + 1.750% | 1.765 | 01/10/23 | 2,189,000 | |||||||||||
2,000,000 | g,i | Vitality Re XII Ltd | U.S. Treasury Bill 3 M + 2.250% | 2.265 | 01/07/25 | 1,992,000 | |||||||||||
850,000 | Willis North America, Inc | 3.600 | 05/15/24 | 916,011 | |||||||||||||
TOTAL INSURANCE | 60,252,607 | ||||||||||||||||
MATERIALS - 2.3% | |||||||||||||||||
1,400,000 | Agrium, Inc | 3.375 | 03/15/25 | 1,465,562 | |||||||||||||
200,000 | g | Alcoa Nederland Holding BV | 6.750 | 09/30/24 | 206,700 | ||||||||||||
400,000 | g | Alpek SAB de C.V. | 4.250 | 09/18/29 | 423,204 |
259 |
TIAA-CREF FUNDS - Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 1,325,000 | g | Alpek SAB de C.V. | 3.250 | % | 02/25/31 | $ | 1,310,425 | |||||||
1,350,000 | g | Anglo American Capital plc | 2.625 | 09/10/30 | 1,321,178 | ||||||||||
3,050,000 | AngloGold Ashanti Holdings plc | 3.750 | 10/01/30 | 3,083,677 | |||||||||||
1,950,000 | g | Arconic Corp | 6.000 | 05/15/25 | 2,101,681 | ||||||||||
1,225,000 | g | Ardagh Metal Packaging Finance USA LLC | 3.250 | 09/01/28 | 1,210,753 | ||||||||||
900,000 | g | Ardagh Metal Packaging Finance USA LLC | 4.000 | 09/01/29 | 898,533 | ||||||||||
900,000 | g | Axalta Coating Systems LLC | 3.375 | 02/15/29 | 877,680 | ||||||||||
2,425,000 | Ball Corp | 2.875 | 08/15/30 | 2,335,881 | |||||||||||
270,000 | Bemis Co, Inc | 3.100 | 09/15/26 | 287,790 | |||||||||||
325,000 | Bemis Co, Inc | 2.630 | 06/19/30 | 324,160 | |||||||||||
5,375,000 | g | Berry Global, Inc | 1.570 | 01/15/26 | 5,290,183 | ||||||||||
3,000,000 | g | Berry Global, Inc | 5.625 | 07/15/27 | 3,168,750 | ||||||||||
2,500,000 | g | Celulosa Arauco y Constitucion S.A. | 4.250 | 04/30/29 | 2,727,000 | ||||||||||
1,375,000 | g | Cemex SAB de C.V. | 7.375 | 06/05/27 | 1,556,733 | ||||||||||
2,500,000 | g | Cemex SAB de C.V. | 5.450 | 11/19/29 | 2,738,750 | ||||||||||
2,425,000 | g | Cemex SAB de C.V. | 3.875 | 07/11/31 | 2,366,800 | ||||||||||
1,439,000 | g | Cleveland-Cliffs, Inc | 9.875 | 10/17/25 | 1,685,860 | ||||||||||
725,000 | g | Constellium SE | 3.750 | 04/15/29 | 693,158 | ||||||||||
2,300,000 | g | Corp Nacional del Cobre de Chile | 3.625 | 08/01/27 | 2,485,103 | ||||||||||
2,000,000 | g | Corp Nacional del Cobre de Chile | 3.150 | 01/14/30 | 2,073,724 | ||||||||||
1,800,000 | g | Corp Nacional del Cobre de Chile-CODELCO | 3.700 | 01/30/50 | 1,803,681 | ||||||||||
5,805,000 | DowDuPont, Inc | 4.493 | 11/15/25 | 6,560,541 | |||||||||||
2,310,000 | DowDuPont, Inc | 4.725 | 11/15/28 | 2,684,902 | |||||||||||
500,000 | g | Element Solutions, Inc | 3.875 | 09/01/28 | 493,375 | ||||||||||
950,000 | g | Enviva Partners LP | 6.500 | 01/15/26 | 995,125 | ||||||||||
3,500,000 | g | First Quantum Minerals Ltd | 6.875 | 10/15/27 | 3,753,750 | ||||||||||
5,000,000 | Freeport-McMoRan, Inc | 5.450 | 03/15/43 | 6,015,000 | |||||||||||
1,200,000 | g | Fresnillo plc | 4.250 | 10/02/50 | 1,179,000 | ||||||||||
1,250,000 | g | Gold Fields Orogen Holdings BVI Ltd | 6.125 | 05/15/29 | 1,462,500 | ||||||||||
225,000 | g | Hudbay Minerals, Inc | 4.500 | 04/01/26 | 233,845 | ||||||||||
775,000 | g | Hudbay Minerals, Inc | 6.125 | 04/01/29 | 827,313 | ||||||||||
600,000 | g | Industrias Penoles SAB de C.V. | 4.150 | 09/12/29 | 652,182 | ||||||||||
750,000 | International Paper Co | 5.000 | 09/15/35 | 905,435 | |||||||||||
50,000 | International Paper Co | 8.700 | 06/15/38 | 78,382 | |||||||||||
1,500,000 | International Paper Co | 5.150 | 05/15/46 | 1,899,956 | |||||||||||
450,000 | International Paper Co | 4.350 | 08/15/48 | 520,104 | |||||||||||
2,875,000 | g | Inversiones CMPC S.A. | 4.375 | 04/04/27 | 3,161,666 | ||||||||||
1,700,000 | g | Klabin Austria GmbH | 5.750 | 04/03/29 | 1,903,150 | ||||||||||
1,300,000 | g | Klabin Finance S.A. | 4.875 | 09/19/27 | 1,420,367 | ||||||||||
1,750,000 | g | MEGlobal Canada ULC | 5.000 | 05/18/25 | 1,944,670 | ||||||||||
900,000 | g | Metinvest BV | 7.650 | 10/01/27 | 964,032 | ||||||||||
1,400,000 | g | Midwest Connector Capital Co LLC | 3.900 | 04/01/24 | 1,445,074 | ||||||||||
1,400,000 | g | Midwest Connector Capital Co LLC | 4.625 | 04/01/29 | 1,419,649 | ||||||||||
467,000 | Mosaic Co | 4.875 | 11/15/41 | 515,403 | |||||||||||
1,200,000 | Newmont Corp | 2.250 | 10/01/30 | 1,168,964 | |||||||||||
6,000,000 | g | Nova Chemicals Corp | 4.875 | 06/01/24 | 6,270,000 | ||||||||||
1,125,000 | Nutrien Ltd | 3.375 | 03/15/25 | 1,209,443 | |||||||||||
2,500,000 | Nutrien Ltd | 2.950 | 05/13/30 | 2,587,076 | |||||||||||
2,000,000 | g | OCI NV | 5.250 | 11/01/24 | 2,080,000 | ||||||||||
2,375,000 | g | OCI NV | 4.625 | 10/15/25 | 2,455,156 | ||||||||||
2,400,000 | g | Owens-Brockway Glass Container, Inc | 5.875 | 08/15/23 | 2,571,000 | ||||||||||
2,900,000 | g | PolyOne Corp | 5.750 | 05/15/25 | 3,081,250 | ||||||||||
2,425,000 | Praxair, Inc | 1.100 | 08/10/30 | 2,205,133 | |||||||||||
2,450,000 | g | SABIC Capital II BV | 4.500 | 10/10/28 | 2,801,830 |
260 |
TIAA-CREF FUNDS - Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 1,475,000 | Sasol Financing USA LLC | 5.875 | % | 03/27/24 | $ | 1,564,385 | ||||||||
2,575,000 | Sasol Financing USA LLC | 4.375 | 09/18/26 | 2,626,886 | |||||||||||
2,450,000 | Sherwin-Williams Co | 2.300 | 05/15/30 | 2,412,937 | |||||||||||
2,200,000 | g | Standard Industries, Inc | 5.000 | 02/15/27 | 2,293,500 | ||||||||||
1,500,000 | Suzano Austria GmbH | 3.750 | 01/15/31 | 1,543,155 | |||||||||||
1,325,000 | e,g | Suzano Austria GmbH | 7.000 | 03/16/47 | 1,705,924 | ||||||||||
500,000 | g | Tronox Finance plc | 5.750 | 10/01/25 | 521,565 | ||||||||||
1,150,000 | g | Tronox, Inc | 4.625 | 03/15/29 | 1,151,438 | ||||||||||
2,675,000 | g | UltraTech Cement Ltd | 2.800 | 02/16/31 | 2,512,387 | ||||||||||
400,000 | g | Univar Solutions USA, Inc | 5.125 | 12/01/27 | 416,248 | ||||||||||
1,125,000 | g | Volcan Cia Minera SAA | 4.375 | 02/11/26 | 1,153,046 | ||||||||||
3,100,000 | WRKCo, Inc | 4.900 | 03/15/29 | 3,619,513 | |||||||||||
TOTAL MATERIALS | 131,423,223 | ||||||||||||||
MEDIA & ENTERTAINMENT - 2.7% | |||||||||||||||
875,000 | Activision Blizzard, Inc | 3.400 | 09/15/26 | 956,432 | |||||||||||
1,100,000 | Activision Blizzard, Inc | 1.350 | 09/15/30 | 993,727 | |||||||||||
2,500,000 | g | Arches Buyer, Inc | 4.250 | 06/01/28 | 2,495,500 | ||||||||||
650,000 | g | B2W Digital Lux Sarl | 4.375 | 12/20/30 | 634,725 | ||||||||||
1,650,000 | g | Banco Nacional de Panama | 2.500 | 08/11/30 | 1,531,200 | ||||||||||
1,175,000 | g | Cable Onda S.A. | 4.500 | 01/30/30 | 1,247,815 | ||||||||||
3,500,000 | g,i | Cape Lookout Re Ltd | 4.165 | 02/25/22 | 3,516,100 | ||||||||||
500,000 | e,g | CBS Radio, Inc | 7.250 | 11/01/24 | 517,500 | ||||||||||
6,000,000 | g | CCO Holdings LLC | 5.125 | 05/01/27 | 6,343,890 | ||||||||||
1,800,000 | g | CCO Holdings LLC | 4.500 | 08/15/30 | 1,834,560 | ||||||||||
3,227,000 | Charter Communications Operating LLC | 4.464 | 07/23/22 | 3,365,614 | |||||||||||
1,700,000 | Charter Communications Operating LLC | 3.750 | 02/15/28 | 1,840,893 | |||||||||||
1,750,000 | Charter Communications Operating LLC | 4.200 | 03/15/28 | 1,929,001 | |||||||||||
1,465,000 | Charter Communications Operating LLC | 5.125 | 07/01/49 | 1,648,229 | |||||||||||
8,150,000 | Charter Communications Operating LLC | 4.800 | 03/01/50 | 8,742,630 | |||||||||||
4,750,000 | Comcast Corp | 2.350 | 01/15/27 | 4,958,260 | |||||||||||
1,625,000 | Comcast Corp | 3.300 | 02/01/27 | 1,773,117 | |||||||||||
5,000,000 | Comcast Corp | 4.150 | 10/15/28 | 5,722,163 | |||||||||||
4,025,000 | Comcast Corp | 2.650 | 02/01/30 | 4,120,311 | |||||||||||
2,300,000 | Comcast Corp | 1.500 | 02/15/31 | 2,133,846 | |||||||||||
2,975,000 | Comcast Corp | 3.200 | 07/15/36 | 3,102,513 | |||||||||||
1,000,000 | Comcast Corp | 3.900 | 03/01/38 | 1,123,208 | |||||||||||
755,000 | Comcast Corp | 6.400 | 05/15/38 | 1,079,441 | |||||||||||
11,975,000 | Comcast Corp | 2.800 | 01/15/51 | 10,979,994 | |||||||||||
500,000 | g | Continuum Energy Levanter Pte Ltd | 4.500 | 02/09/27 | 511,250 | ||||||||||
1,000,000 | CSC Holdings LLC | 6.750 | 11/15/21 | 1,026,250 | |||||||||||
5,000,000 | g | CSC Holdings LLC | 5.500 | 04/15/27 | 5,251,750 | ||||||||||
1,800,000 | g | CSC Holdings LLC | 5.750 | 01/15/30 | 1,895,841 | ||||||||||
446,000 | Discovery Communications LLC | 2.950 | 03/20/23 | 465,967 | |||||||||||
1,850,000 | Discovery Communications LLC | 3.625 | 05/15/30 | 1,979,740 | |||||||||||
2,000,000 | Discovery Communications LLC | 5.200 | 09/20/47 | 2,371,133 | |||||||||||
3,500,000 | DISH DBS Corp | 5.000 | 03/15/23 | 3,651,375 | |||||||||||
2,400,000 | g | Gray Escrow, Inc | 7.000 | 05/15/27 | 2,610,000 | ||||||||||
1,400,000 | g | Gray Television, Inc | 5.875 | 07/15/26 | 1,450,750 | ||||||||||
2,785,000 | Grupo Televisa SAB | 6.625 | 01/15/40 | 3,578,725 | |||||||||||
2,250,000 | g | India Green Energy Holdings | 5.375 | 04/29/24 | 2,337,039 | ||||||||||
1,275,000 | Lamar Media Corp | 3.750 | 02/15/28 | 1,273,406 | |||||||||||
3,000,000 | Lamar Media Corp | 4.875 | 01/15/29 | 3,127,500 | |||||||||||
1,000,000 | Lamar Media Corp | 4.000 | 02/15/30 | 997,220 |
261 |
TIAA-CREF FUNDS - Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 825,000 | g | Lamar Media Corp | 3.625 | % | 01/15/31 | $ | 796,991 | |||||||
1,275,000 | g | LCPR Senior Secured Financing DAC | 5.125 | 07/15/29 | 1,297,466 | ||||||||||
5,900,000 | g | LUKOIL Securities BV | 3.875 | 05/06/30 | 6,084,670 | ||||||||||
1,175,000 | g | Match Group, Inc | 4.625 | 06/01/28 | 1,200,568 | ||||||||||
1,000,000 | g | Medco Bell Pte Ltd | 6.375 | 01/30/27 | 1,003,000 | ||||||||||
2,445,000 | g | Mexico Remittances Funding Fiduciary Estate Management Sarl | 4.875 | 01/15/28 | 2,396,345 | ||||||||||
540,000 | NBC Universal Media LLC | 6.400 | 04/30/40 | 779,533 | |||||||||||
332,000 | g | Nielsen Finance LLC | 5.000 | 04/15/22 | 332,068 | ||||||||||
525,000 | g | Outfront Media Capital LLC | 4.250 | 01/15/29 | 505,428 | ||||||||||
1,525,000 | g | Rackspace Technology Global, Inc | 3.500 | 02/15/28 | 1,465,754 | ||||||||||
2,700,000 | g | Sirius XM Radio, Inc | 5.375 | 07/15/26 | 2,787,750 | ||||||||||
2,725,000 | g | Sirius XM Radio, Inc | 4.125 | 07/01/30 | 2,728,134 | ||||||||||
750,000 | Smithsonian Institution | 0.845 | 09/01/21 | 750,666 | |||||||||||
825,000 | Smithsonian Institution | 0.895 | 09/01/22 | 827,090 | |||||||||||
800,000 | Smithsonian Institution | 0.974 | 09/01/23 | 800,123 | |||||||||||
1,000,000 | Smithsonian Institution | 1.118 | 09/01/24 | 998,055 | |||||||||||
1,600,000 | Smithsonian Institution | 1.514 | 09/01/26 | 1,609,071 | |||||||||||
1,225,000 | g | TEGNA, Inc | 4.750 | 03/15/26 | 1,300,031 | ||||||||||
850,000 | TEGNA, Inc | 4.625 | 03/15/28 | 864,875 | |||||||||||
1,075,000 | g | Telefonica Celular del Paraguay S.A. | 5.875 | 04/15/27 | 1,138,156 | ||||||||||
800,000 | g | Telenet Finance Luxembourg | 5.500 | 03/01/28 | 839,962 | ||||||||||
1,500,000 | Time Warner Cable LLC | 5.875 | 11/15/40 | 1,862,765 | |||||||||||
475,000 | Time Warner Cable LLC | 4.500 | 09/15/42 | 507,685 | |||||||||||
850,000 | ViacomCBS, Inc | 2.900 | 01/15/27 | 893,440 | |||||||||||
525,000 | ViacomCBS, Inc | 3.375 | 02/15/28 | 557,912 | |||||||||||
600,000 | ViacomCBS, Inc | 5.850 | 09/01/43 | 766,325 | |||||||||||
125,000 | Walt Disney Co | 7.625 | 11/30/28 | 170,664 | |||||||||||
90,000 | Walt Disney Co | 6.550 | 03/15/33 | 124,619 | |||||||||||
3,400,000 | Walt Disney Co | 3.600 | 01/13/51 | 3,617,648 | |||||||||||
1,825,000 | Weibo Corp | 3.375 | 07/08/30 | 1,815,512 | |||||||||||
TOTAL MEDIA & ENTERTAINMENT | 145,940,921 | ||||||||||||||
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 1.2% | |||||||||||||||
850,000 | AbbVie, Inc | 2.850 | 05/14/23 | 886,617 | |||||||||||
2,625,000 | AbbVie, Inc | 3.800 | 03/15/25 | 2,867,916 | |||||||||||
7,200,000 | AbbVie, Inc | 2.950 | 11/21/26 | 7,665,701 | |||||||||||
6,150,000 | AbbVie, Inc | 3.200 | 11/21/29 | 6,542,199 | |||||||||||
3,850,000 | AbbVie, Inc | 4.050 | 11/21/39 | 4,310,484 | |||||||||||
1,450,000 | AbbVie, Inc | 4.400 | 11/06/42 | 1,685,324 | |||||||||||
580,000 | AbbVie, Inc | 4.450 | 05/14/46 | 668,258 | |||||||||||
4,850,000 | AbbVie, Inc | 4.250 | 11/21/49 | 5,487,949 | |||||||||||
1,500,000 | g | Avantor Funding, Inc | 4.625 | 07/15/28 | 1,566,540 | ||||||||||
300,000 | g | Bausch Health Cos, Inc | 5.750 | 08/15/27 | 322,875 | ||||||||||
295,000 | Bristol-Myers Squibb Co | 3.875 | 08/15/25 | 328,038 | |||||||||||
3,525,000 | Bristol-Myers Squibb Co | 3.400 | 07/26/29 | 3,852,172 | |||||||||||
6,350,000 | Bristol-Myers Squibb Co | 1.450 | 11/13/30 | 5,932,622 | |||||||||||
1,500,000 | Bristol-Myers Squibb Co | 4.250 | 10/26/49 | 1,766,813 | |||||||||||
800,000 | Bristol-Myers Squibb Co | 2.550 | 11/13/50 | 710,969 | |||||||||||
400,000 | g | Emergent BioSolutions, Inc | 3.875 | 08/15/28 | 391,000 | ||||||||||
475,000 | g | Endo Luxembourg Finance Co I Sarl | 6.125 | 04/01/29 | 479,156 | ||||||||||
1,075,000 | Gilead Sciences, Inc | 1.200 | 10/01/27 | 1,030,644 | |||||||||||
450,000 | Gilead Sciences, Inc | 4.000 | 09/01/36 | 493,363 | |||||||||||
3,900,000 | Gilead Sciences, Inc | 2.800 | 10/01/50 | 3,466,258 |
262 |
TIAA-CREF FUNDS - Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 345,000 | g | Horizon Pharma USA, Inc | 5.500 | % | 08/01/27 | $ | 368,288 | |||||||
600,000 | g | Jaguar Holding Co II | 4.625 | 06/15/25 | 625,980 | ||||||||||
425,000 | g | Jaguar Holding Co II | 5.000 | 06/15/28 | 442,638 | ||||||||||
975,000 | Johnson & Johnson | 2.900 | 01/15/28 | 1,054,237 | |||||||||||
900,000 | Johnson & Johnson | 3.400 | 01/15/38 | 987,033 | |||||||||||
1,450,000 | Mylan, Inc | 4.550 | 04/15/28 | 1,637,478 | |||||||||||
1,550,000 | g | Royalty Pharma plc | 2.200 | 09/02/30 | 1,479,150 | ||||||||||
6,950,000 | Takeda Pharmaceutical Co Ltd | 2.050 | 03/31/30 | 6,698,328 | |||||||||||
600,000 | Takeda Pharmaceutical Co Ltd | 3.025 | 07/09/40 | 580,299 | |||||||||||
3,000,000 | Teva Pharmaceutical Finance Netherlands III BV | 3.150 | 10/01/26 | 2,868,750 | |||||||||||
1,250,000 | g | Viatris, Inc | 2.700 | 06/22/30 | 1,234,353 | ||||||||||
725,000 | g | Viatris, Inc | 3.850 | 06/22/40 | 741,937 | ||||||||||
TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 69,173,369 | ||||||||||||||
REAL ESTATE - 1.7% | |||||||||||||||
350,000 | Alexandria Real Estate Equities, Inc | 3.950 | 01/15/27 | 390,126 | |||||||||||
450,000 | Alexandria Real Estate Equities, Inc | 3.950 | 01/15/28 | 500,164 | |||||||||||
1,650,000 | Alexandria Real Estate Equities, Inc | 4.900 | 12/15/30 | 1,949,098 | |||||||||||
1,125,000 | Alexandria Real Estate Equities, Inc | 1.875 | 02/01/33 | 1,022,853 | |||||||||||
1,200,000 | American Tower Corp | 3.000 | 06/15/23 | 1,262,731 | |||||||||||
875,000 | American Tower Corp | 5.000 | 02/15/24 | 976,337 | |||||||||||
1,425,000 | American Tower Corp | 2.950 | 01/15/25 | 1,515,267 | |||||||||||
475,000 | American Tower Corp | 3.375 | 10/15/26 | 513,687 | |||||||||||
1,200,000 | American Tower Corp | 3.600 | 01/15/28 | 1,295,696 | |||||||||||
2,200,000 | American Tower Corp | 3.800 | 08/15/29 | 2,395,261 | |||||||||||
4,100,000 | American Tower Corp | 2.900 | 01/15/30 | 4,167,861 | |||||||||||
2,975,000 | American Tower Corp | 1.875 | 10/15/30 | 2,783,159 | |||||||||||
950,000 | Brandywine Operating Partnership LP | 4.100 | 10/01/24 | 1,025,114 | |||||||||||
1,750,000 | Brixmor Operating Partnership LP | 3.850 | 02/01/25 | 1,893,411 | |||||||||||
350,000 | Brixmor Operating Partnership LP | 2.250 | 04/01/28 | 343,425 | |||||||||||
850,000 | Corporate Office Properties LP | 2.750 | 04/15/31 | 821,931 | |||||||||||
775,000 | Crown Castle International Corp | 3.650 | 09/01/27 | 844,545 | |||||||||||
1,050,000 | Crown Castle International Corp | 3.800 | 02/15/28 | 1,143,852 | |||||||||||
2,225,000 | Crown Castle International Corp | 2.250 | 01/15/31 | 2,138,553 | |||||||||||
3,525,000 | Crown Castle International Corp | 2.100 | 04/01/31 | 3,328,217 | |||||||||||
1,850,000 | g | Cushman & Wakefield US Borrower LLC | 6.750 | 05/15/28 | 2,000,312 | ||||||||||
625,000 | Digital Realty Trust LP | 3.700 | 08/15/27 | 688,998 | |||||||||||
625,000 | Duke Realty LP | 4.000 | 09/15/28 | 693,268 | |||||||||||
1,150,000 | Equinix, Inc | 2.150 | 07/15/30 | 1,093,352 | |||||||||||
775,000 | Essex Portfolio LP | 3.375 | 01/15/23 | 806,341 | |||||||||||
2,500,000 | Essex Portfolio LP | 3.000 | 01/15/30 | 2,561,322 | |||||||||||
1,500,000 | Healthcare Realty Trust, Inc | 3.875 | 05/01/25 | 1,626,851 | |||||||||||
1,500,000 | Healthcare Realty Trust, Inc | 3.625 | 01/15/28 | 1,612,065 | |||||||||||
525,000 | Healthcare Realty Trust, Inc | 2.400 | 03/15/30 | 511,089 | |||||||||||
550,000 | Healthcare Realty Trust, Inc | 2.050 | 03/15/31 | 515,782 | |||||||||||
1,225,000 | Healthcare Trust of America Holdings LP | 3.500 | 08/01/26 | 1,338,179 | |||||||||||
3,750,000 | Healthcare Trust of America Holdings LP | 3.100 | 02/15/30 | 3,869,842 | |||||||||||
375,000 | Highwoods Realty LP | 3.875 | 03/01/27 | 405,866 | |||||||||||
725,000 | Highwoods Realty LP | 4.125 | 03/15/28 | 784,451 | |||||||||||
700,000 | Highwoods Realty LP | 4.200 | 04/15/29 | 760,175 | |||||||||||
4,079,000 | Highwoods Realty LP | 2.600 | 02/01/31 | 3,984,169 | |||||||||||
1,225,000 | g | Howard Hughes Corp | 4.125 | 02/01/29 | 1,197,707 | ||||||||||
1,300,000 | g | Howard Hughes Corp | 4.375 | 02/01/31 | 1,273,188 |
263 |
TIAA-CREF FUNDS - Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 460,000 | Hudson Pacific Properties LP | 3.950 | % | 11/01/27 | $ | 493,018 | ||||||||
1,400,000 | Kennedy-Wilson, Inc | 4.750 | 03/01/29 | 1,417,500 | |||||||||||
1,475,000 | Kennedy-Wilson, Inc | 5.000 | 03/01/31 | 1,493,806 | |||||||||||
250,000 | Life Storage LP | 2.200 | 10/15/30 | 236,152 | |||||||||||
575,000 | g | MGM Growth Properties Operating Partnership LP | 4.625 | 06/15/25 | 606,453 | ||||||||||
1,500,000 | Mid-America Apartments LP | 4.300 | 10/15/23 | 1,620,927 | |||||||||||
1,000,000 | Mid-America Apartments LP | 3.750 | 06/15/24 | 1,081,909 | |||||||||||
850,000 | Mid-America Apartments LP | 4.000 | 11/15/25 | 943,146 | |||||||||||
1,750,000 | Mid-America Apartments LP | 3.600 | 06/01/27 | 1,904,110 | |||||||||||
3,925,000 | Mid-America Apartments LP | 2.750 | 03/15/30 | 3,962,571 | |||||||||||
1,625,000 | Mid-America Apartments LP | 1.700 | 02/15/31 | 1,492,860 | |||||||||||
550,000 | National Retail Properties, Inc | 4.000 | 11/15/25 | 603,977 | |||||||||||
600,000 | National Retail Properties, Inc | 3.600 | 12/15/26 | 650,353 | |||||||||||
875,000 | Regency Centers LP | 3.900 | 11/01/25 | 955,983 | |||||||||||
925,000 | Regency Centers LP | 3.600 | 02/01/27 | 1,001,217 | |||||||||||
1,650,000 | Regency Centers LP | 2.950 | 09/15/29 | 1,678,323 | |||||||||||
1,700,000 | Retail Properties of America, Inc | 4.750 | 09/15/30 | 1,799,317 | |||||||||||
3,950,000 | g | SBA Communications Corp | 3.125 | 02/01/29 | 3,796,543 | ||||||||||
603,000 | SITE Centers Corp | 3.625 | 02/01/25 | 629,685 | |||||||||||
3,820,000 | SITE Centers Corp | 4.250 | 02/01/26 | 4,075,298 | |||||||||||
650,000 | SITE Centers Corp | 4.700 | 06/01/27 | 709,966 | |||||||||||
2,750,000 | g | Trust F/1401 | 5.250 | 01/30/26 | 3,038,750 | ||||||||||
4,000,000 | g | VICI Properties LP | 4.125 | 08/15/30 | 4,034,800 | ||||||||||
1,150,000 | Weingarten Realty Investors | 3.375 | 10/15/22 | 1,188,523 | |||||||||||
450,000 | Weingarten Realty Investors | 3.500 | 04/15/23 | 471,013 | |||||||||||
400,000 | Weingarten Realty Investors | 4.450 | 01/15/24 | 432,893 | |||||||||||
925,000 | Weingarten Realty Investors | 3.850 | 06/01/25 | 994,164 | |||||||||||
300,000 | Weingarten Realty Investors | 3.250 | 08/15/26 | 314,302 | |||||||||||
TOTAL REAL ESTATE | 97,661,804 | ||||||||||||||
RETAILING - 0.7% | |||||||||||||||
1,800,000 | AutoNation, Inc | 3.800 | 11/15/27 | 1,963,521 | |||||||||||
1,950,000 | AutoZone, Inc | 1.650 | 01/15/31 | 1,785,106 | |||||||||||
300,000 | Chevron USA, Inc | 3.900 | 11/15/24 | 330,324 | |||||||||||
400,000 | Chevron USA, Inc | 3.850 | 01/15/28 | 445,713 | |||||||||||
975,000 | Chevron USA, Inc | 5.050 | 11/15/44 | 1,236,771 | |||||||||||
6,250,000 | g | JSM Global Sarl | 4.750 | 10/20/30 | 6,265,687 | ||||||||||
925,000 | g | L Brands, Inc | 6.625 | 10/01/30 | 1,056,165 | ||||||||||
250,000 | g | Lithia Motors, Inc | 5.250 | 08/01/25 | 257,500 | ||||||||||
2,175,000 | g | Lithia Motors, Inc | 4.625 | 12/15/27 | 2,259,281 | ||||||||||
790,000 | O’Reilly Automotive, Inc | 3.550 | 03/15/26 | 862,619 | |||||||||||
1,400,000 | O’Reilly Automotive, Inc | 3.600 | 09/01/27 | 1,530,379 | |||||||||||
1,225,000 | O’Reilly Automotive, Inc | 4.200 | 04/01/30 | 1,377,154 | |||||||||||
1,400,000 | O’Reilly Automotive, Inc | 1.750 | 03/15/31 | 1,293,476 | |||||||||||
2,145,000 | Penske Automotive Group, Inc | 5.500 | 05/15/26 | 2,207,312 | |||||||||||
1,475,000 | g | Prosus NV | 3.680 | 01/21/30 | 1,522,400 | ||||||||||
2,000,000 | g | Prosus NV | 3.832 | 02/08/51 | 1,756,550 | ||||||||||
5,000,000 | g | Staples, Inc | 7.500 | 04/15/26 | 5,273,750 | ||||||||||
4,750,000 | Target Corp | 2.350 | 02/15/30 | 4,815,750 | |||||||||||
TOTAL RETAILING | 36,239,458 | ||||||||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.3% | |||||||||||||||
4,600,000 | Broadcom, Inc | 4.150 | 11/15/30 | 4,965,057 |
264 |
TIAA-CREF FUNDS - Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 2,003,000 | g | Broadcom, Inc | 3.469 | % | 04/15/34 | $ | 2,009,848 | |||||||
1,500,000 | g | Broadcom, Inc | 3.500 | 02/15/41 | 1,436,615 | ||||||||||
1,325,000 | Intel Corp | 3.734 | 12/08/47 | 1,427,279 | |||||||||||
700,000 | Lam Research Corp | 3.750 | 03/15/26 | 775,877 | |||||||||||
775,000 | Lam Research Corp | 4.000 | 03/15/29 | 877,639 | |||||||||||
325,000 | Lam Research Corp | 1.900 | 06/15/30 | 314,981 | |||||||||||
325,000 | Lam Research Corp | 2.875 | 06/15/50 | 309,803 | |||||||||||
1,425,000 | g | NXP BV | 3.875 | 06/18/26 | 1,568,473 | ||||||||||
725,000 | g | NXP BV | 3.400 | 05/01/30 | 765,566 | ||||||||||
700,000 | Texas Instruments, Inc | 2.625 | 05/15/24 | 741,855 | |||||||||||
775,000 | Texas Instruments, Inc | 4.150 | 05/15/48 | 922,018 | |||||||||||
TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | 16,115,011 | ||||||||||||||
SOFTWARE & SERVICES - 0.7% | |||||||||||||||
2,975,000 | Adobe, Inc | 2.300 | 02/01/30 | 3,008,628 | |||||||||||
2,000,000 | Baidu, Inc | 2.875 | 07/06/22 | 2,048,467 | |||||||||||
1,275,000 | Baidu, Inc | 4.375 | 05/14/24 | 1,398,647 | |||||||||||
550,000 | g | Black Knight InfoServ LLC | 3.625 | 09/01/28 | 540,436 | ||||||||||
925,000 | g | Booz Allen Hamilton, Inc | 3.875 | 09/01/28 | 929,856 | ||||||||||
425,000 | g | Camelot Finance S.A. | 4.500 | 11/01/26 | 439,416 | ||||||||||
1,425,000 | Fidelity National Information Services, Inc | 2.250 | 03/01/31 | 1,400,085 | |||||||||||
3,650,000 | Fiserv, Inc | 2.750 | 07/01/24 | 3,857,016 | |||||||||||
5,075,000 | Fiserv, Inc | 3.500 | 07/01/29 | 5,473,891 | |||||||||||
900,000 | g | Gartner, Inc | 3.750 | 10/01/30 | 892,557 | ||||||||||
1,425,000 | Global Payments, Inc | 2.650 | 02/15/25 | 1,497,218 | |||||||||||
3,075,000 | Global Payments, Inc | 3.200 | 08/15/29 | 3,238,625 | |||||||||||
1,625,000 | g | j2 Global, Inc | 4.625 | 10/15/30 | 1,641,250 | ||||||||||
3,000,000 | Microsoft Corp | 2.400 | 08/08/26 | 3,171,763 | |||||||||||
1,165,000 | Microsoft Corp | 3.300 | 02/06/27 | 1,285,820 | |||||||||||
279,000 | Microsoft Corp | 2.525 | 06/01/50 | 254,050 | |||||||||||
1,651,000 | Microsoft Corp | 2.921 | 03/17/52 | 1,626,321 | |||||||||||
1,375,000 | g | Open Text Corp | 5.875 | 06/01/26 | 1,421,406 | ||||||||||
550,000 | g | Open Text Holdings, Inc | 4.125 | 02/15/30 | 557,530 | ||||||||||
1,125,000 | g | Presidio Holdings, Inc | 4.875 | 02/01/27 | 1,153,148 | ||||||||||
650,000 | salesforce.com, Inc | 3.700 | 04/11/28 | 725,991 | |||||||||||
2,400,000 | Twilio, Inc | 3.625 | 03/15/29 | 2,429,592 | |||||||||||
550,000 | Visa, Inc | 2.700 | 04/15/40 | 538,632 | |||||||||||
TOTAL SOFTWARE & SERVICES | 39,530,345 | ||||||||||||||
TECHNOLOGY HARDWARE & EQUIPMENT - 0.6% | |||||||||||||||
2,025,000 | Amphenol Corp | 2.800 | 02/15/30 | 2,076,154 | |||||||||||
5,575,000 | Apple, Inc | 2.450 | 08/04/26 | 5,873,218 | |||||||||||
10,350,000 | Apple, Inc | 2.050 | 09/11/26 | 10,715,246 | |||||||||||
1,000,000 | Apple, Inc | 3.850 | 05/04/43 | 1,131,006 | |||||||||||
875,000 | Apple, Inc | 4.650 | 02/23/46 | 1,087,979 | |||||||||||
1,797,000 | Broadcom Corp | 3.875 | 01/15/27 | 1,951,371 | |||||||||||
1,646,000 | g | CommScope Technologies LLC | 6.000 | 06/15/25 | 1,679,002 | ||||||||||
525,000 | Corning, Inc | 4.375 | 11/15/57 | 573,385 | |||||||||||
2,400,000 | g | Dell International LLC | 5.300 | 10/01/29 | 2,807,429 | ||||||||||
875,000 | Flex Ltd | 4.875 | 06/15/29 | 987,320 | |||||||||||
1,500,000 | g | Lenovo Group Ltd | 3.421 | 11/02/30 | 1,506,111 | ||||||||||
2,425,000 | g | NCR Corp | 5.000 | 10/01/28 | 2,449,250 | ||||||||||
975,000 | g | Sensata Technologies BV | 4.000 | 04/15/29 | 992,579 | ||||||||||
450,000 | Tyco Electronics Group S.A. | 3.700 | 02/15/26 | 492,423 | |||||||||||
TOTAL TECHNOLOGY HARDWARE & EQUIPMENT | 34,322,473 |
265 |
TIAA-CREF FUNDS - Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
TELECOMMUNICATION SERVICES - 2.3% | |||||||||||||||
$ | 3,420,000 | AT&T, Inc | 4.300 | 02/15/30 | $ | 3,850,139 | |||||||||
2,500,000 | AT&T, Inc | 2.250 | 02/01/32 | 2,377,845 | |||||||||||
6,563,000 | g | AT&T, Inc | 2.550 | 12/01/33 | 6,230,852 | ||||||||||
2,085,000 | AT&T, Inc | 4.500 | 05/15/35 | 2,351,599 | |||||||||||
2,050,000 | AT&T, Inc | 3.300 | 02/01/52 | 1,846,327 | |||||||||||
8,025,000 | g | AT&T, Inc | 3.550 | 09/15/55 | 7,343,729 | ||||||||||
7,592,000 | g | AT&T, Inc | 3.800 | 12/01/57 | 7,222,927 | ||||||||||
7,083,000 | g | AT&T, Inc | 3.650 | 09/15/59 | 6,474,348 | ||||||||||
3,875,000 | g | Avaya, Inc | 6.125 | 09/15/28 | 4,113,564 | ||||||||||
3,000,000 | g | Bharti Airtel Ltd | 4.375 | 06/10/25 | 3,221,079 | ||||||||||
5,000,000 | g | Bharti Airtel Ltd | 3.250 | 06/03/31 | 4,881,614 | ||||||||||
1,325,000 | g | C&W Senior Financing Designated Activity Co | 7.500 | 10/15/26 | 1,402,844 | ||||||||||
3,200,000 | g | C&W Senior Financing Designated Activity Co | 6.875 | 09/15/27 | 3,412,000 | ||||||||||
1,000,000 | g | CommScope, Inc | 6.000 | 03/01/26 | 1,053,685 | ||||||||||
975,000 | g | Kenbourne Invest S.A. | 4.700 | 01/22/28 | 1,002,300 | ||||||||||
1,300,000 | e,g | Liquid Telecommunications Financing PLC | 5.500 | 09/04/26 | 1,364,495 | ||||||||||
2,268,000 | g | Millicom International Cellular S.A. | 5.125 | 01/15/28 | 2,383,214 | ||||||||||
1,175,000 | g | Millicom International Cellular S.A. | 4.500 | 04/27/31 | 1,222,000 | ||||||||||
2,150,000 | g | MTN Mauritius Investment Ltd | 6.500 | 10/13/26 | 2,403,495 | ||||||||||
2,000,000 | g | Network i2i Ltd | 5.650 | N/A‡ | 2,115,000 | ||||||||||
2,600,000 | g | Network i2i Ltd | 3.975 | N/A‡ | 2,606,500 | ||||||||||
500,000 | Orange S.A. | 5.375 | 01/13/42 | 647,552 | |||||||||||
1,150,000 | Rogers Communications, Inc | 3.700 | 11/15/49 | 1,141,870 | |||||||||||
1,875,000 | Telefonica Emisiones SAU | 4.103 | 03/08/27 | 2,096,521 | |||||||||||
2,300,000 | T-Mobile USA, Inc | 2.250 | 02/15/26 | 2,316,537 | |||||||||||
3,000,000 | T-Mobile USA, Inc | 2.625 | 02/15/29 | 2,913,120 | |||||||||||
8,650,000 | g | T-Mobile USA, Inc | 3.875 | 04/15/30 | 9,388,364 | ||||||||||
6,350,000 | g | T-Mobile USA, Inc | 2.550 | 02/15/31 | 6,221,031 | ||||||||||
2,000,000 | T-Mobile USA, Inc | 2.875 | 02/15/31 | 1,933,000 | |||||||||||
750,000 | g | T-Mobile USA, Inc | 3.000 | 02/15/41 | 696,113 | ||||||||||
725,000 | g | T-Mobile USA, Inc | 4.500 | 04/15/50 | 814,095 | ||||||||||
3,000,000 | g | T-Mobile USA, Inc | 3.300 | 02/15/51 | 2,803,710 | ||||||||||
1,200,000 | g | Turkcell Iletisim Hizmetleri AS. | 5.800 | 04/11/28 | 1,204,707 | ||||||||||
146,000 | Verizon Communications, Inc | 3.376 | 02/15/25 | 158,361 | |||||||||||
225,000 | Verizon Communications, Inc | 3.875 | 02/08/29 | 250,301 | |||||||||||
950,000 | g | Verizon Communications, Inc | 1.680 | 10/30/30 | 881,349 | ||||||||||
750,000 | Verizon Communications, Inc | 1.750 | 01/20/31 | 698,426 | |||||||||||
9,113,000 | Verizon Communications, Inc | 4.272 | 01/15/36 | 10,300,277 | |||||||||||
11,300,000 | Verizon Communications, Inc | 2.875 | 11/20/50 | 10,043,235 | |||||||||||
3,200,000 | Vodafone Group plc | 4.250 | 09/17/50 | 3,514,715 | |||||||||||
740,000 | Vodafone Group plc | 7.000 | 04/04/79 | 892,422 | |||||||||||
1,325,000 | g | Zayo Group Holdings, Inc | 4.000 | 03/01/27 | 1,301,813 | ||||||||||
TOTAL TELECOMMUNICATION SERVICES | 129,097,075 | ||||||||||||||
TRANSPORTATION - 0.8% | |||||||||||||||
3,600,000 | g | Adani Ports & Special Economic Zone Ltd | 3.100 | 02/02/31 | 3,413,161 | ||||||||||
2,925,000 | g | American Airlines, Inc | 5.500 | 04/20/26 | 3,044,018 | ||||||||||
2,300,000 | Burlington Northern Santa Fe LLC | 3.050 | 02/15/51 | 2,224,610 | |||||||||||
5,500,000 | Canadian Pacific Railway Co | 2.050 | 03/05/30 | 5,313,439 | |||||||||||
2,500,000 | g | Cargo Aircraft Management, Inc | 4.750 | 02/01/28 | 2,581,250 | ||||||||||
1,990,000 | CSX Corp | 3.250 | 06/01/27 | 2,163,928 |
266 |
TIAA-CREF FUNDS - Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 700,000 | CSX Corp | 3.800 | % | 03/01/28 | $ | 776,891 | ||||||||
4,015,000 | CSX Corp | 4.250 | 03/15/29 | 4,559,927 | |||||||||||
1,950,000 | Delta Air Lines, Inc | 2.900 | 10/28/24 | 1,949,825 | |||||||||||
2,575,000 | g | Delta Air Lines, Inc | 7.000 | 05/01/25 | 2,966,291 | ||||||||||
1,275,000 | g | Delta Air Lines, Inc | 4.500 | 10/20/25 | 1,360,933 | ||||||||||
1,375,000 | Delta Air Lines, Inc | 3.750 | 10/28/29 | 1,340,670 | |||||||||||
1,000,000 | g | DP World Ltd | 5.625 | 09/25/48 | 1,172,020 | ||||||||||
200,000 | g | Hawaiian Brand Intellectual Property Ltd | 5.750 | 01/20/26 | 212,520 | ||||||||||
775,000 | g | Lima Metro Line 2 Finance Ltd | 4.350 | 04/05/36 | 819,562 | ||||||||||
1,175,000 | g | Mileage Plus Holdings LLC | 6.500 | 06/20/27 | 1,288,094 | ||||||||||
1,550,000 | Union Pacific Corp | 3.950 | 09/10/28 | 1,736,633 | |||||||||||
2,275,000 | Union Pacific Corp | 3.839 | 03/20/60 | 2,417,863 | |||||||||||
TOTAL TRANSPORTATION | 39,341,635 | ||||||||||||||
UTILITIES - 3.4% | |||||||||||||||
3,000,000 | g | Adani Green Energy UP Ltd | 6.250 | 12/10/24 | 3,300,879 | ||||||||||
325,000 | AEP Transmission Co LLC | 3.100 | 12/01/26 | 351,243 | |||||||||||
350,000 | AEP Transmission Co LLC | 4.000 | 12/01/46 | 384,166 | |||||||||||
700,000 | Alabama Power Co | 4.150 | 08/15/44 | 776,286 | |||||||||||
1,850,000 | Ameren Corp | 3.650 | 02/15/26 | 2,018,011 | |||||||||||
525,000 | American Water Capital Corp | 3.000 | 12/01/26 | 562,716 | |||||||||||
1,927,000 | American Water Capital Corp | 2.800 | 05/01/30 | 1,981,804 | |||||||||||
500,000 | American Water Capital Corp | 4.000 | 12/01/46 | 544,545 | |||||||||||
900,000 | American Water Capital Corp | 3.750 | 09/01/47 | 959,832 | |||||||||||
400,000 | American Water Capital Corp | 3.450 | 05/01/50 | 404,451 | |||||||||||
3,100,000 | Atmos Energy Corp | 1.500 | 01/15/31 | 2,831,707 | |||||||||||
250,000 | Atmos Energy Corp | 4.125 | 10/15/44 | 273,947 | |||||||||||
800,000 | g | Azure Power Solar Energy Pvt Ltd | 5.650 | 12/24/24 | 846,469 | ||||||||||
1,325,000 | Baltimore Gas & Electric Co | 3.750 | 08/15/47 | 1,417,262 | |||||||||||
1,650,000 | Baltimore Gas & Electric Co | 3.200 | 09/15/49 | 1,602,174 | |||||||||||
7,100,000 | Berkshire Hathaway Energy Co | 1.650 | 05/15/31 | 6,600,522 | |||||||||||
925,000 | Black Hills Corp | 4.250 | 11/30/23 | 1,003,319 | |||||||||||
325,000 | Black Hills Corp | 3.150 | 01/15/27 | 346,814 | |||||||||||
5,025,000 | g | Calpine Corp | 3.750 | 03/01/31 | 4,789,327 | ||||||||||
300,000 | CenterPoint Energy Resources Corp | 6.250 | 02/01/37 | 368,294 | |||||||||||
525,000 | g | Clearway Energy Operating LLC | 4.750 | 03/15/28 | 546,205 | ||||||||||
1,000,000 | CMS Energy Corp | 3.600 | 11/15/25 | 1,088,048 | |||||||||||
3,050,000 | CMS Energy Corp | 4.750 | 06/01/50 | 3,294,000 | |||||||||||
200,000 | Commonwealth Edison Co | 5.900 | 03/15/36 | 266,218 | |||||||||||
1,225,000 | Dominion Energy Gas Holdings LLC | 2.500 | 11/15/24 | 1,287,924 | |||||||||||
3,375,000 | h | Dominion Energy, Inc | 3.300 | 04/15/41 | 3,322,299 | ||||||||||
750,000 | Dominion Resources, Inc | 2.000 | 08/15/21 | 753,457 | |||||||||||
3,275,000 | DTE Electric Co | 2.250 | 03/01/30 | 3,266,210 | |||||||||||
1,175,000 | Duke Energy Corp | 1.800 | 09/01/21 | 1,180,729 | |||||||||||
1,175,000 | Duke Energy Corp | 3.750 | 09/01/46 | 1,181,670 | |||||||||||
5,000,000 | Duke Energy Florida LLC | 3.400 | 10/01/46 | 5,086,839 | |||||||||||
4,000,000 | Edison International | 5.375 | N/A‡ | 4,055,200 | |||||||||||
2,525,000 | g | Empresas Publicas de Medellin ESP | 4.250 | 07/18/29 | 2,556,563 | ||||||||||
2,000,000 | Enel Chile S.A. | 4.875 | 06/12/28 | 2,316,000 | |||||||||||
6,000,000 | g | EnfraGen Energia Sur S.A. | 5.375 | 12/30/30 | 5,902,560 | ||||||||||
3,450,000 | g | Eskom Holdings SOC Ltd | 8.450 | 08/10/28 | 3,746,713 | ||||||||||
900,000 | Eversource Energy | 1.650 | 08/15/30 | 834,692 | |||||||||||
6,775,000 | Exelon Corp | 4.050 | 04/15/30 | 7,549,242 | |||||||||||
1,850,000 | Exelon Generation Co LLC | 3.400 | 03/15/22 | 1,896,475 |
267 |
TIAA-CREF FUNDS - Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 1,425,000 | Florida Power & Light Co | 3.990 | % | 03/01/49 | $ | 1,638,946 | ||||||||
UGX | 6,000,000,000 | †,g | ICBC Standard Bank plc | 14.250 | 06/26/34 | 1,465,359 | |||||||||
$ | 750,000 | Indiana Michigan Power Co | 3.750 | 07/01/47 | 783,864 | ||||||||||
3,000,000 | g | Israel Electric Corp Ltd | 4.250 | 08/14/28 | 3,325,171 | ||||||||||
1,525,000 | g | Kallpa Generacion SA | 4.125 | 08/16/27 | 1,624,125 | ||||||||||
2,400,000 | g | Korea Southern Power Co Ltd | 0.750 | 01/27/26 | 2,322,336 | ||||||||||
775,000 | MidAmerican Energy Co | 3.650 | 04/15/29 | 859,686 | |||||||||||
1,550,000 | MidAmerican Energy Co | 3.650 | 08/01/48 | 1,639,109 | |||||||||||
3,000,000 | g | NBK Tier Financing Ltd | 3.625 | N/A‡ | 2,953,941 | ||||||||||
1,000,000 | Nevada Power Co | 5.450 | 05/15/41 | 1,287,272 | |||||||||||
885,000 | NextEra Energy Capital Holdings, Inc | 3.250 | 04/01/26 | 956,701 | |||||||||||
6,050,000 | NextEra Energy Capital Holdings, Inc | 2.250 | 06/01/30 | 5,919,347 | |||||||||||
50,000 | g | NextEra Energy Operating Partners LP | 4.250 | 09/15/24 | 52,750 | ||||||||||
1,700,000 | NiSource, Inc | 3.490 | 05/15/27 | 1,844,665 | |||||||||||
1,400,000 | NiSource, Inc | 3.600 | 05/01/30 | 1,517,404 | |||||||||||
6,825,000 | NiSource, Inc | 1.700 | 02/15/31 | 6,321,448 | |||||||||||
1,400,000 | Northern States Power Co | 3.600 | 09/15/47 | 1,495,925 | |||||||||||
165,000 | NRG Energy, Inc | 6.625 | 01/15/27 | 171,600 | |||||||||||
2,475,000 | g | NRG Energy, Inc | 2.450 | 12/02/27 | 2,460,070 | ||||||||||
1,350,000 | NRG Energy, Inc | 5.750 | 01/15/28 | 1,434,375 | |||||||||||
500,000 | NSTAR Electric Co | 3.950 | 04/01/30 | 561,855 | |||||||||||
1,550,000 | Ohio Power Co | 4.150 | 04/01/48 | 1,736,399 | |||||||||||
1,550,000 | Ohio Power Co | 4.000 | 06/01/49 | 1,730,803 | |||||||||||
575,000 | ONE Gas, Inc | 3.610 | 02/01/24 | 612,983 | |||||||||||
600,000 | g | Pattern Energy Operations LP | 4.500 | 08/15/28 | 609,750 | ||||||||||
825,000 | PECO Energy Co | 3.000 | 09/15/49 | 789,744 | |||||||||||
2,325,000 | PECO Energy Co | 2.800 | 06/15/50 | 2,165,392 | |||||||||||
2,000,000 | g | Pelabuhan Indonesia III PT | 4.875 | 10/01/24 | 2,193,500 | ||||||||||
2,000,000 | g | Perusahaan Listrik Negara PT | 4.125 | 05/15/27 | 2,148,440 | ||||||||||
1,800,000 | g | Perusahaan Listrik Negara PT | 5.450 | 05/21/28 | 2,081,250 | ||||||||||
1,042,000 | g,o | Petra Diamonds US Treasury plc | 10.500 | 03/08/26 | 1,010,740 | ||||||||||
50,000 | Potomac Electric Power Co | 7.900 | 12/15/38 | 77,663 | |||||||||||
2,500,000 | g | Promigas S.A. ESP | 3.750 | 10/16/29 | 2,541,250 | ||||||||||
4,000,000 | Public Service Co of Colorado | 1.875 | 06/15/31 | 3,826,387 | |||||||||||
550,000 | Public Service Co of Colorado | 4.750 | 08/15/41 | 643,073 | |||||||||||
1,600,000 | Public Service Co of Colorado | 4.050 | 09/15/49 | 1,828,074 | |||||||||||
275,000 | Public Service Co of Colorado | 3.200 | 03/01/50 | 275,579 | |||||||||||
2,500,000 | g | Rumo Luxembourg Sarl | 5.250 | 01/10/28 | 2,628,050 | ||||||||||
3,000,000 | g | Saka Energi Indonesia PT | 4.450 | 05/05/24 | 2,647,500 | ||||||||||
8,400,000 | Sempra Energy | 4.875 | N/A‡ | 8,988,000 | |||||||||||
2,501,604 | g | Solar Star Funding LLC | 3.950 | 06/30/35 | 2,568,159 | ||||||||||
1,325,000 | Southern Co | 4.400 | 07/01/46 | 1,475,497 | |||||||||||
10,000,000 | Southern Co | 4.000 | 01/15/51 | 10,552,500 | |||||||||||
1,800,000 | Southern Co Gas Capital Corp | 3.875 | 11/15/25 | 1,988,392 | |||||||||||
625,000 | Southern Co Gas Capital Corp | 4.400 | 06/01/43 | 676,907 | |||||||||||
425,000 | Southern Co Gas Capital Corp | 3.950 | 10/01/46 | 439,821 | |||||||||||
2,500,000 | g | Talen Energy Supply LLC | 7.625 | 06/01/28 | 2,531,250 | ||||||||||
1,700,000 | g | UEP Penonome II S.A. | 6.500 | 10/01/38 | 1,712,767 | ||||||||||
650,000 | Virginia Electric & Power Co | 2.950 | 11/15/26 | 696,771 | |||||||||||
650,000 | Virginia Electric & Power Co | 3.500 | 03/15/27 | 712,567 | |||||||||||
775,000 | Virginia Electric & Power Co | 3.800 | 09/15/47 | 842,153 | |||||||||||
850,000 | Wisconsin Power & Light Co | 4.100 | 10/15/44 | 928,902 | |||||||||||
575,000 | Xcel Energy, Inc | 3.350 | 12/01/26 | 622,908 | |||||||||||
215,000 | Xcel Energy, Inc | 4.800 | 09/15/41 | 253,296 |
268 |
TIAA-CREF FUNDS - Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
TOTAL UTILITIES | $ | 186,667,228 | |||||||||||||
TOTAL CORPORATE BONDS | 2,331,472,425 | ||||||||||||||
(Cost $2,266,608,950) | |||||||||||||||
GOVERNMENT BONDS - 34.9% | |||||||||||||||
AGENCY SECURITIES - 0.1% | |||||||||||||||
$ | 2,500,000 | g | Reliance Industries Ltd | 3.667 | 11/30/27 | 2,714,775 | |||||||||
TOTAL AGENCY SECURITIES | 2,714,775 | ||||||||||||||
FOREIGN GOVERNMENT BONDS - 3.7% | |||||||||||||||
3,850,000 | g | Abu Dhabi Government International Bond | 3.125 | 09/30/49 | 3,666,509 | ||||||||||
3,325,000 | g | Arab Petroleum Investments Corp | 4.125 | 09/18/23 | 3,593,903 | ||||||||||
41,622 | Argentina Republic Government International Bond | 1.000 | 07/09/29 | 14,922 | |||||||||||
1,197,950 | Argentina Republic Government International Bond (Step Bond) | 0.125 | 07/09/30 | 400,774 | |||||||||||
INR | 70,000,000 | Asian Development Bank | 6.200 | 10/06/26 | 974,167 | ||||||||||
$ | 550,000 | g | Banque Ouest Africaine de Developpement | 5.000 | 07/27/27 | 607,105 | |||||||||
3,000,000 | g | Banque Ouest Africaine de Developpement | 4.700 | 10/22/31 | 3,191,880 | ||||||||||
EUR | 1,575,000 | g | Banque Ouest Africaine de Developpement | 2.750 | 01/22/33 | 1,899,154 | |||||||||
$ | 287,000 | g | Barbados Government International Bond | 6.500 | 10/01/29 | 291,305 | |||||||||
4,000,000 | g | Bermuda Government International Bond | 3.717 | 01/25/27 | 4,340,000 | ||||||||||
4,310,000 | g | Bermuda Government International Bond | 4.750 | 02/15/29 | 4,984,084 | ||||||||||
550,000 | g | Bermuda Government International Bond | 2.375 | 08/20/30 | 537,625 | ||||||||||
1,500,000 | e,g | BNG Bank NV | 1.500 | 10/16/24 | 1,546,442 | ||||||||||
BRL | 5,000,000 | Brazil Notas do Tesouro Nacional Serie F | 10.000 | 01/01/27 | 937,374 | ||||||||||
$ | 1,450,000 | Brazilian Government International Bond | 3.875 | 06/12/30 | 1,406,660 | ||||||||||
3,100,000 | Brazilian Government International Bond | 5.625 | 02/21/47 | 3,156,947 | |||||||||||
1,500,000 | Brazilian Government International Bond | 4.750 | 01/14/50 | 1,362,105 | |||||||||||
3,575,000 | Chile Government International Bond | 2.550 | 01/27/32 | 3,602,528 | |||||||||||
1,700,000 | Chile Government International Bond | 3.500 | 01/25/50 | 1,728,815 | |||||||||||
CNY | 8,950,000 | China Government Bond | 2.880 | 11/05/23 | 1,366,781 | ||||||||||
3,250,000 | China Government Bond | 3.270 | 11/19/30 | 498,987 | |||||||||||
3,300,000 | China Government Bond | 3.810 | 09/14/50 | 512,499 | |||||||||||
$ | 3,000,000 | Colombia Government International Bond | 5.000 | 06/15/45 | 3,196,230 | ||||||||||
1,500,000 | Colombia Government International Bond | 3.875 | 02/15/61 | 1,344,375 | |||||||||||
1,850,000 | g | Costa Rica Government International Bond | 5.625 | 04/30/43 | 1,609,500 | ||||||||||
750,000 | g | Development Bank of Japan, Inc | 0.500 | 03/04/24 | 748,151 | ||||||||||
DOP | 81,200,000 | g | Dominican Republic Government International Bond | 8.900 | 02/15/23 | 1,472,625 | |||||||||
90,000,000 | g | Dominican Republic Government International Bond | 9.750 | 06/05/26 | 1,706,147 | ||||||||||
160,000,000 | g | Dominican Republic Government International Bond | 12.000 | 03/05/32 | 3,516,908 | ||||||||||
$ | 3,000,000 | g | Dominican Republic Government International Bond | 4.875 | 09/23/32 | 3,060,000 | |||||||||
3,000,000 | g | Dominican Republic Government International Bond | 6.500 | 02/15/48 | 3,169,500 | ||||||||||
170,283 | g | Ecuador Government International Bond | 0.000 | 07/31/30 | 68,115 | ||||||||||
496,125 | g | Ecuador Government International Bond (Step Bond) | 0.500 | 07/31/30 | 288,998 |
269 |
TIAA-CREF FUNDS - Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 1,300,162 | g | Ecuador Government International Bond (Step Bond) | 0.500 | % | 07/31/35 | $ | 591,574 | |||||||
595,875 | g | Ecuador Government International Bond (Step Bond) | 0.500 | 07/31/40 | 257,716 | ||||||||||
EUR | 1,400,000 | g | Egypt Government International Bond | 5.625 | 04/16/30 | 1,629,795 | |||||||||
$ | 1,625,000 | g | Egypt Government International Bond | 5.875 | 02/16/31 | 1,518,518 | |||||||||
2,475,000 | g | Egypt Government International Bond | 8.500 | 01/31/47 | 2,452,397 | ||||||||||
2,250,000 | g | Egypt Government International Bond | 8.875 | 05/29/50 | 2,287,855 | ||||||||||
1,200,000 | g | El Salvador Government International Bond | 7.625 | 02/01/41 | 1,155,000 | ||||||||||
1,375,000 | g | Export-Import Bank of India | 3.875 | 02/01/28 | 1,465,134 | ||||||||||
2,625,000 | e,g | Export-Import Bank of India | 2.250 | 01/13/31 | 2,388,791 | ||||||||||
2,200,000 | g | Ghana Government International Bond | 8.125 | 03/26/32 | 2,119,431 | ||||||||||
1,675,000 | g | Guatemala Government International Bond | 4.375 | 06/05/27 | 1,792,250 | ||||||||||
1,200,000 | g | Guatemala Government International Bond | 6.125 | 06/01/50 | 1,389,012 | ||||||||||
1,925,000 | g | Honduras Government International Bond | 5.625 | 06/24/30 | 2,011,625 | ||||||||||
3,775,000 | g | Indonesia Government International Bond | 4.625 | 04/15/43 | 4,177,361 | ||||||||||
2,056,250 | g | Iraq Government International Bond | 5.800 | 01/15/28 | 1,942,210 | ||||||||||
3,100,000 | Israel Government International Bond | 3.250 | 01/17/28 | 3,415,234 | |||||||||||
2,175,000 | Israel Government International Bond | 4.125 | 01/17/48 | 2,501,250 | |||||||||||
EUR | 125,000 | g | Ivory Coast Government International Bond | 4.875 | 01/30/32 | 142,729 | |||||||||
$ | 1,060,417 | g | Ivory Coast Government International Bond (Step Bond) | 5.750 | 12/31/32 | 1,058,778 | |||||||||
3,025,000 | Jamaica Government International Bond | 8.000 | 03/15/39 | 4,144,250 | |||||||||||
2,500,000 | g | Japan Finance Organization for Municipalities | 3.000 | 03/12/24 | 2,670,274 | ||||||||||
1,750,000 | g | Jordan Government International Bond | 4.950 | 07/07/25 | 1,795,664 | ||||||||||
550,000 | g | Kazakhstan Government International Bond | 4.875 | 10/14/44 | 660,880 | ||||||||||
2,500,000 | g | Kenya Government International Bond | 7.000 | 05/22/27 | 2,649,376 | ||||||||||
1,560,000 | g | Kommunalbanken AS. | 2.750 | 02/05/24 | 1,660,887 | ||||||||||
1,500,000 | g | Korea Housing Finance Corp | 3.000 | 10/31/22 | 1,556,090 | ||||||||||
3,550,000 | g | Kuwait Government International Bond | 2.750 | 03/20/22 | 3,626,223 | ||||||||||
MYR | 3,800,000 | Malaysia Government Bond | 3.828 | 07/05/34 | 909,608 | ||||||||||
MXN | 34,000,000 | Mexican Bonos | 7.750 | 05/29/31 | 1,772,352 | ||||||||||
$ | 2,200,000 | Mexico Government International Bond | 4.150 | 03/28/27 | 2,439,382 | ||||||||||
2,075,000 | Mexico Government International Bond | 3.250 | 04/16/30 | 2,092,409 | |||||||||||
1,859,000 | Mexico Government International Bond | 6.050 | 01/11/40 | 2,231,339 | |||||||||||
500,000 | g | Mongolia Government International Bond | 5.125 | 04/07/26 | 533,099 | ||||||||||
1,025,000 | g | Morocco Government International Bond | 3.000 | 12/15/32 | 958,412 | ||||||||||
2,575,000 | g | Morocco Government International Bond | 5.500 | 12/11/42 | 2,832,500 | ||||||||||
525,000 | g | Morocco Government International Bond | 4.000 | 12/15/50 | 462,527 | ||||||||||
1,400,000 | g | Namibia Government International Bond | 5.250 | 10/29/25 | 1,464,999 | ||||||||||
1,500,000 | g | Nederlandse Waterschapsbank NV | 1.875 | 04/14/22 | 1,525,119 | ||||||||||
2,425,000 | g | Nigeria Government International Bond | 6.500 | 11/28/27 | 2,496,455 | ||||||||||
750,000 | g | Oman Government International Bond | 6.750 | 10/28/27 | 826,399 | ||||||||||
1,000,000 | g | Oman Government International Bond | 6.250 | 01/25/31 | 1,043,314 | ||||||||||
1,500,000 | g | Oman Government International Bond | 7.375 | 10/28/32 | 1,659,619 | ||||||||||
3,000,000 | Panama Government International Bond | 4.300 | 04/29/53 | 3,217,020 | |||||||||||
1,600,000 | Panama Notas del Tesoro | 3.750 | 04/17/26 | 1,715,840 | |||||||||||
925,000 | g | Paraguay Government International Bond | 4.700 | 03/27/27 | 1,031,384 | ||||||||||
1,475,000 | g | Paraguay Government International Bond | 5.400 | 03/30/50 | 1,661,602 | ||||||||||
3,400,000 | g | Perusahaan Penerbit SBSN Indonesia III | 3.900 | 08/20/24 | 3,684,070 | ||||||||||
3,350,000 | g | Perusahaan Penerbit SBSN Indonesia III | 4.400 | 03/01/28 | 3,756,389 | ||||||||||
PEN | 6,775,000 | g | Peruvian Government International Bond | 5.400 | 08/12/34 | 1,762,684 | |||||||||
$ | 324,058 | g | Petroamazonas EP | 4.625 | 12/06/21 | 294,893 | |||||||||
1,900,000 | Philippine Government International Bond | 2.950 | 05/05/45 | 1,770,941 |
270 |
TIAA-CREF FUNDS - Core Plus Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 1,650,000 | †,g | Provincia de Buenos Aires | 7.875 | % | 06/15/27 | $ | 629,063 | |||||||||
1,500,000 | g | Provincia de Mendoza Argentina (Step Bond) | 2.750 | 03/19/29 | 862,500 | ||||||||||||
700,000 | g | Qatar Government International Bond | 3.400 | 04/16/25 | 760,296 | ||||||||||||
1,375,000 | g | Qatar Government International Bond | 3.750 | 04/16/30 | 1,534,079 | ||||||||||||
2,000,000 | g | Qatar Government International Bond | 4.400 | 04/16/50 | 2,307,226 | ||||||||||||
GHS | 8,800,000 | Republic of Ghana Government Bonds | 16.500 | 02/06/23 | 1,514,476 | ||||||||||||
$ | 5,000,000 | Republic of Italy Government International Bond | 4.000 | 10/17/49 | 5,116,485 | ||||||||||||
UZS | 5,320,000,000 | g | Republic of Uzbekistan Bond | 14.500 | 11/25/23 | 507,107 | |||||||||||
$ | 675,000 | g | Republic of Uzbekistan Bond | 3.700 | 11/25/30 | 653,950 | |||||||||||
2,150,000 | g | Republic of Uzbekistan Government International Bond | 4.750 | 02/20/24 | 2,262,799 | ||||||||||||
2,750,000 | g | Romanian Government International Bond | 4.375 | 08/22/23 | 2,983,883 | ||||||||||||
1,425,000 | g | Romanian Government International Bond | 4.000 | 02/14/51 | 1,369,012 | ||||||||||||
RUB | 74,000,000 | Russian Federal Bond-OFZ | 6.000 | 10/06/27 | 940,340 | ||||||||||||
$ | 1,600,000 | g | Russian Foreign Bond - Eurobond | 5.100 | 03/28/35 | 1,840,320 | |||||||||||
1,175,000 | g | Saudi Government International Bond | 4.500 | 04/17/30 | 1,351,856 | ||||||||||||
2,000,000 | g | Saudi Government International Bond | 3.750 | 01/21/55 | 1,958,200 | ||||||||||||
1,225,000 | g | Serbia International Bond | 2.125 | 12/01/30 | 1,126,746 | ||||||||||||
2,350,000 | South Africa Government International Bond | 4.300 | 10/12/28 | 2,308,371 | |||||||||||||
ZAR | 9,000,000 | South Africa Government International Bond | 7.000 | 02/28/31 | 497,683 | ||||||||||||
9,300,000 | South Africa Government International Bond | 8.750 | 01/31/44 | 493,382 | |||||||||||||
$ | 2,800,000 | South Africa Government International Bond | 5.375 | 07/24/44 | 2,543,632 | ||||||||||||
2,050,000 | State of Israel | 3.375 | 01/15/50 | 2,071,484 | |||||||||||||
2,400,000 | State of Israel | 3.800 | 05/13/60 | 2,552,778 | |||||||||||||
THB | 37,000,000 | Thailand Government International Bond | 3.300 | 06/17/38 | 1,294,743 | ||||||||||||
$ | 1,000,000 | Turkey Government International Bond | 5.950 | 01/15/31 | 903,770 | ||||||||||||
EUR | 2,275,000 | g | Ukraine Government International Bond | 4.375 | 01/27/30 | 2,441,526 | |||||||||||
UYU | 59,000,000 | g | Uruguay Government International Bond | 9.875 | 06/20/22 | 1,388,351 | |||||||||||
$ | 2,925,000 | Uruguay Government International Bond | 4.125 | 11/20/45 | 3,254,297 | ||||||||||||
700,000 | Uruguay Government International Bond | 5.100 | 06/18/50 | 867,202 | |||||||||||||
3,000,000 | †,g | Zambia Government International Bond | 8.500 | 04/14/24 | 1,710,516 | ||||||||||||
TOTAL FOREIGN GOVERNMENT BONDS | 206,049,848 | ||||||||||||||||
MORTGAGE BACKED - 22.0% | |||||||||||||||||
55 | Federal Home Loan Mortgage Corp (FHLMC) | 8.250 | 07/15/21 | 55 | |||||||||||||
56 | FHLMC | 7.000 | 04/15/22 | 57 | |||||||||||||
2,632,000 | FHLMC | 3.000 | 10/15/33 | 2,854,287 | |||||||||||||
2,924,391 | FHLMC | 3.500 | 08/15/43 | 3,017,998 | |||||||||||||
3,124,580 | FHLMC | 3.500 | 03/15/44 | 3,279,165 | |||||||||||||
2,769,558 | i | FHLMC | LIBOR 1 M + 5.920% | 5.814 | 03/15/44 | 512,062 | |||||||||||
8,453,344 | FHLMC | 4.000 | 10/01/47 | 9,285,816 | |||||||||||||
452,962 | FHLMC | 4.000 | 06/01/48 | 497,046 | |||||||||||||
5,341,912 | i | FHLMC | LIBOR 1 M + 9.920% | 9.750 | 06/15/48 | 6,055,492 | |||||||||||
281,346 | FHLMC | 4.000 | 07/01/48 | 307,408 | |||||||||||||
3,961,533 | i | FHLMC | LIBOR 1 M + 9.840% | 9.670 | 10/15/48 | 4,725,475 | |||||||||||
62,304,223 | FHLMC | 3.000 | 11/01/49 | 65,865,503 | |||||||||||||
9,567,335 | FHLMC | 2.000 | 09/25/50 | 1,159,709 | |||||||||||||
13,097,601 | FHLMC | 2.500 | 11/25/50 | 2,203,399 | |||||||||||||
17,045,509 | FHLMC | 2.500 | 02/25/51 | 2,786,760 | |||||||||||||
981 | Federal Home Loan Mortgage Corp Gold (FGLMC) | 8.000 | 01/01/31 | 1,006 | |||||||||||||
170,539 | FGLMC | 7.000 | 12/01/33 | 197,021 | |||||||||||||
25,905 | FGLMC | 4.500 | 10/01/34 | 28,683 |
271 |
TIAA-CREF FUNDS - Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 47,537 | FGLMC | 7.000 | % | 05/01/35 | $ | 54,089 | ||||||||
1,622,631 | FGLMC | 5.000 | 06/01/36 | 1,887,444 | |||||||||||
872,581 | FGLMC | 4.500 | 10/01/44 | 980,951 | |||||||||||
115,472 | FGLMC | 4.500 | 11/01/44 | 129,673 | |||||||||||
166,101 | FGLMC | 4.500 | 11/01/44 | 185,352 | |||||||||||
85,455 | FGLMC | 4.500 | 12/01/44 | 94,573 | |||||||||||
129,177 | FGLMC | 4.500 | 12/01/44 | 145,223 | |||||||||||
774,365 | FGLMC | 3.500 | 04/01/45 | 840,863 | |||||||||||
3,132,650 | FGLMC | 3.500 | 08/01/45 | 3,409,929 | |||||||||||
6,435,656 | FGLMC | 3.500 | 10/01/45 | 6,982,965 | |||||||||||
4,341,728 | FGLMC | 4.000 | 12/01/45 | 4,814,986 | |||||||||||
15,750,596 | FGLMC | 3.500 | 08/01/46 | 17,037,160 | |||||||||||
15,823,947 | FGLMC | 3.000 | 02/01/47 | 16,737,742 | |||||||||||
2,095,888 | FGLMC | 4.500 | 06/01/47 | 2,353,333 | |||||||||||
2,347,439 | FGLMC | 4.000 | 09/01/47 | 2,588,172 | |||||||||||
2,447,405 | FGLMC | 3.500 | 12/01/47 | 2,643,541 | |||||||||||
26,130,363 | FGLMC | 3.500 | 03/01/48 | 28,194,444 | |||||||||||
7,956,435 | FGLMC | 4.000 | 03/01/48 | 8,737,737 | |||||||||||
1,996,219 | FGLMC | 4.000 | 07/01/48 | 2,181,914 | |||||||||||
15,393,848 | FGLMC | 4.500 | 08/01/48 | 17,145,595 | |||||||||||
664 | Federal National Mortgage Association (FNMA) | 7.000 | 07/01/22 | 668 | |||||||||||
367 | FNMA | 6.500 | 07/25/22 | 378 | |||||||||||
1,375 | FNMA | 9.000 | 11/01/25 | 1,495 | |||||||||||
15,686 | FNMA | 7.000 | 05/01/26 | 17,160 | |||||||||||
48,880 | FNMA | 7.000 | 07/25/26 | 53,769 | |||||||||||
1,308 | FNMA | 7.500 | 01/01/29 | 1,445 | |||||||||||
654 | FNMA | 7.500 | 02/01/30 | 746 | |||||||||||
182,280 | FNMA | 6.500 | 12/01/31 | 205,177 | |||||||||||
301,840 | FNMA | 6.000 | 04/01/32 | 337,999 | |||||||||||
1,901,530 | FNMA | 3.500 | 05/01/32 | 2,054,872 | |||||||||||
218,495 | FNMA | 7.000 | 07/01/32 | 256,120 | |||||||||||
65,992 | FNMA | 7.000 | 07/01/32 | 76,337 | |||||||||||
46,850 | FNMA | 7.000 | 07/01/32 | 54,385 | |||||||||||
1,885,013 | FNMA | 3.500 | 11/01/32 | 2,033,356 | |||||||||||
49,346 | FNMA | 4.500 | 10/01/33 | 54,896 | |||||||||||
42,331 | FNMA | 6.000 | 03/01/34 | 46,575 | |||||||||||
2,221,264 | FNMA | 5.000 | 05/01/35 | 2,578,280 | |||||||||||
156,052 | FNMA | 5.000 | 06/25/35 | 161,377 | |||||||||||
1,285,814 | FNMA | 5.000 | 10/01/35 | 1,494,805 | |||||||||||
964,115 | FNMA | 5.000 | 02/01/36 | 1,121,540 | |||||||||||
56,000,000 | h | FNMA | 2.000 | 04/25/36 | 57,471,261 | ||||||||||
15,000,000 | h | FNMA | 2.500 | 05/25/32 | 15,599,414 | ||||||||||
1,237,338 | FNMA | 6.500 | 08/01/37 | 1,413,673 | |||||||||||
64,830 | FNMA | 6.000 | 09/01/37 | 73,939 | |||||||||||
758,057 | FNMA | 5.500 | 11/01/38 | 890,914 | |||||||||||
768,189 | FNMA | 5.500 | 03/01/39 | 898,848 | |||||||||||
732,285 | FNMA | 6.000 | 09/01/39 | 875,122 | |||||||||||
11,095,805 | FNMA | 3.000 | 05/01/40 | 11,623,609 | |||||||||||
3,902,660 | FNMA | 3.500 | 05/01/40 | 4,140,286 | |||||||||||
410,489 | FNMA | 5.000 | 09/01/40 | 474,211 | |||||||||||
597,373 | FNMA | 5.000 | 05/01/41 | 694,964 | |||||||||||
4,708,235 | FNMA | 4.000 | 09/01/42 | 5,161,222 | |||||||||||
469,243 | i | FNMA | 3.057 | 12/25/42 | 173,444 | ||||||||||
1,322,414 | FNMA | 3.000 | 04/25/43 | 1,371,881 |
272 |
TIAA-CREF FUNDS - Core Plus Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 3,740,180 | i | FNMA | LIBOR 1 M + 5.950% | 5.841 | % | 09/25/43 | $ | 878,311 | ||||||||
3,278,413 | FNMA | 4.000 | 01/01/44 | 3,628,888 | |||||||||||||
1,163,900 | FNMA | 4.500 | 02/01/44 | 1,306,274 | |||||||||||||
196,294 | FNMA | 4.500 | 03/01/44 | 224,279 | |||||||||||||
985,034 | FNMA | 4.500 | 06/01/44 | 1,105,705 | |||||||||||||
2,938,034 | FNMA | 4.500 | 10/01/44 | 3,298,996 | |||||||||||||
589,817 | FNMA | 4.000 | 11/01/44 | 646,495 | |||||||||||||
829,555 | FNMA | 5.000 | 11/01/44 | 957,130 | |||||||||||||
858,180 | FNMA | 4.000 | 01/01/45 | 945,809 | |||||||||||||
4,230,820 | FNMA | 3.000 | 02/25/45 | 4,412,356 | |||||||||||||
3,100,793 | FNMA | 3.000 | 02/25/45 | 3,196,015 | |||||||||||||
182,078 | FNMA | 3.500 | 03/01/45 | 196,042 | |||||||||||||
156,429 | FNMA | 3.500 | 03/01/45 | 169,609 | |||||||||||||
359,175 | FNMA | 4.500 | 03/01/45 | 403,365 | |||||||||||||
2,297,924 | FNMA | 3.000 | 03/25/45 | 2,379,915 | |||||||||||||
3,048,987 | FNMA | 3.500 | 04/25/45 | 3,163,140 | |||||||||||||
1,999,975 | FNMA | 3.500 | 05/01/45 | 2,176,016 | |||||||||||||
6,049,988 | FNMA | 4.000 | 06/01/45 | 6,685,611 | |||||||||||||
2,372,203 | FNMA | 4.000 | 12/01/45 | 2,623,055 | |||||||||||||
684,791 | FNMA | 4.000 | 12/01/45 | 749,999 | |||||||||||||
5,789,005 | FNMA | 3.000 | 12/25/45 | 6,004,962 | |||||||||||||
951,599 | FNMA | 3.500 | 01/01/46 | 1,028,402 | |||||||||||||
5,280,775 | FNMA | 4.000 | 01/01/46 | 5,823,760 | |||||||||||||
3,001,349 | FNMA | 4.000 | 03/01/46 | 3,302,168 | |||||||||||||
503,705 | FNMA | 3.500 | 06/01/46 | 545,002 | |||||||||||||
4,876,802 | FNMA | 3.500 | 07/01/46 | 5,275,382 | |||||||||||||
6,295,648 | FNMA | 3.500 | 07/01/46 | 6,837,756 | |||||||||||||
159,760 | FNMA | 3.000 | 08/01/46 | 167,420 | |||||||||||||
3,448,039 | FNMA | 3.000 | 10/01/46 | 3,535,857 | |||||||||||||
1,770,253 | FNMA | 3.500 | 10/01/46 | 1,914,492 | |||||||||||||
21,859,157 | FNMA | 3.000 | 11/01/46 | 23,093,863 | |||||||||||||
22,536,653 | FNMA | 3.500 | 01/01/47 | 23,987,374 | |||||||||||||
1,980,258 | FNMA | 3.000 | 04/25/47 | 2,105,289 | |||||||||||||
2,572,091 | FNMA | 4.500 | 05/01/47 | 2,879,651 | |||||||||||||
7,523,033 | FNMA | 3.500 | 08/01/47 | 8,051,968 | |||||||||||||
6,146,639 | FNMA | 3.500 | 09/01/47 | 6,578,939 | |||||||||||||
2,616,085 | FNMA | 4.000 | 09/01/47 | 2,826,823 | |||||||||||||
22,700,672 | FNMA | 4.000 | 09/01/47 | 24,489,037 | |||||||||||||
3,105,864 | FNMA | 3.000 | 11/01/47 | 3,185,195 | |||||||||||||
1,794,121 | FNMA | 3.500 | 11/01/47 | 1,944,107 | |||||||||||||
8,012,826 | FNMA | 4.000 | 12/01/47 | 8,801,969 | |||||||||||||
919,373 | FNMA | 4.000 | 12/01/47 | 992,064 | |||||||||||||
15,924,962 | FNMA | 3.500 | 01/01/48 | 17,175,695 | |||||||||||||
1,347,315 | FNMA | 3.500 | 01/01/48 | 1,453,664 | |||||||||||||
8,706,069 | FNMA | 4.500 | 01/01/48 | 9,682,876 | |||||||||||||
1,791,149 | FNMA | 4.500 | 02/01/48 | 1,994,206 | |||||||||||||
15,879,273 | FNMA | 3.000 | 02/25/48 | 16,779,858 | |||||||||||||
3,375,877 | FNMA | 4.000 | 03/01/48 | 3,706,069 | |||||||||||||
7,651,728 | FNMA | 4.500 | 03/01/48 | 8,519,167 | |||||||||||||
563,980 | FNMA | 4.000 | 04/01/48 | 606,553 | |||||||||||||
6,231,666 | FNMA | 4.500 | 05/01/48 | 6,938,166 | |||||||||||||
4,648,197 | FNMA | 4.500 | 05/01/48 | 5,175,184 | |||||||||||||
3,576,311 | FNMA | 5.000 | 08/01/48 | 4,051,054 | |||||||||||||
3,270,303 | FNMA | 3.000 | 11/01/48 | 3,411,709 |
273 |
TIAA-CREF FUNDS - Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 5,985,000 | h | FNMA | 3.000 | % | 04/25/49 | $ | 6,233,985 | |||||||
4,238 | FNMA | 3.000 | 05/01/49 | 4,344 | |||||||||||
849,002 | FNMA | 3.000 | 08/01/49 | 900,708 | |||||||||||
6,914,168 | FNMA | 3.000 | 01/25/50 | 7,211,921 | |||||||||||
145,500,000 | h | FNMA | 2.500 | 05/25/51 | 148,995,411 | ||||||||||
7,032,517 | FNMA | 2.000 | 08/25/50 | 870,666 | |||||||||||
112,045 | FNMA | 3.000 | 02/25/51 | 17,903 | |||||||||||
39,345,000 | h | FNMA | 2.000 | 04/25/51 | 39,271,229 | ||||||||||
64,150,000 | h | FNMA | 2.500 | 04/25/51 | 65,828,926 | ||||||||||
100,500,000 | h | FNMA | 2.000 | 05/25/51 | 100,127,052 | ||||||||||
76,017 | Government National Mortgage Association (GNMA) | 5.000 | 02/15/33 | 85,710 | |||||||||||
143,823 | GNMA | 5.000 | 09/15/33 | 165,529 | |||||||||||
3,840,114 | GNMA | 3.700 | 10/15/33 | 4,130,080 | |||||||||||
18,629 | GNMA | 5.500 | 04/15/34 | 21,586 | |||||||||||
16,268 | GNMA | 5.000 | 04/15/38 | 18,543 | |||||||||||
11,397 | GNMA | 4.500 | 02/20/39 | 13,513 | |||||||||||
980,018 | GNMA | 4.500 | 02/20/41 | 1,113,337 | |||||||||||
15,428 | GNMA | 4.500 | 08/20/41 | 17,923 | |||||||||||
35,929 | GNMA | 4.500 | 09/20/41 | 41,143 | |||||||||||
10,797 | GNMA | 4.500 | 01/20/44 | 12,805 | |||||||||||
6,783 | GNMA | 4.500 | 02/20/44 | 7,758 | |||||||||||
21,459 | GNMA | 4.500 | 05/20/44 | 25,453 | |||||||||||
97,982 | GNMA | 4.500 | 05/20/44 | 112,216 | |||||||||||
155,172 | GNMA | 4.500 | 08/20/44 | 183,700 | |||||||||||
89,861 | GNMA | 4.500 | 09/20/44 | 103,407 | |||||||||||
53,054 | GNMA | 4.500 | 10/20/44 | 60,501 | |||||||||||
27,064 | GNMA | 4.500 | 11/20/44 | 29,570 | |||||||||||
77,718 | GNMA | 4.500 | 12/20/44 | 90,214 | |||||||||||
122,775 | GNMA | 4.500 | 02/20/45 | 143,859 | |||||||||||
176,866 | GNMA | 4.500 | 08/20/45 | 209,828 | |||||||||||
141,832 | GNMA | 4.500 | 08/20/45 | 165,774 | |||||||||||
104,516 | GNMA | 4.500 | 12/20/45 | 119,740 | |||||||||||
5,142,441 | GNMA | 4.000 | 06/20/46 | 676,055 | |||||||||||
6,254,044 | GNMA | 3.500 | 01/20/49 | 6,811,598 | |||||||||||
31,701,225 | GNMA | 3.000 | 08/20/50 | 33,044,144 | |||||||||||
33,650,000 | h | GNMA | 2.000 | 04/20/51 | 33,975,985 | ||||||||||
117,000,000 | h | GNMA | 2.500 | 04/20/51 | 120,720,235 | ||||||||||
20,540,000 | h | GNMA | 3.000 | 04/20/47 | 21,397,705 | ||||||||||
37,100,000 | h | GNMA | 2.000 | 05/20/51 | 37,398,539 | ||||||||||
TOTAL MORTGAGE BACKED | 1,223,708,082 | ||||||||||||||
MUNICIPAL BONDS - 2.5% | |||||||||||||||
9,745,000 | Chicago Housing Authority | 3.922 | 01/01/27 | 10,756,943 | |||||||||||
1,620,000 | City & County of San Francisco CA Community Facilities District | 3.000 | 09/01/25 | 1,719,979 | |||||||||||
1,200,000 | City & County of San Francisco CA Community Facilities District | 3.250 | 09/01/27 | 1,302,526 | |||||||||||
5,500,000 | City of Cleveland OH Airport System Revenue | 2.492 | 01/01/25 | 5,749,682 | |||||||||||
4,155,000 | City of Cleveland OH Airport System Revenue | 2.832 | 01/01/30 | 4,246,691 | |||||||||||
1,040,000 | City of Fort Worth TX | 3.955 | 03/01/32 | 1,089,924 | |||||||||||
1,390,000 | City of Fort Worth TX | 4.088 | 03/01/37 | 1,447,665 | |||||||||||
2,500,000 | City of Inglewood CA | 4.300 | 09/01/40 | 2,660,243 | |||||||||||
500,000 | City of San Angelo TX Water & Sewer Revenue | 4.261 | 02/15/37 | 513,067 |
274 |
TIAA-CREF FUNDS - Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 2,995,000 | County of Miami-Dade FL Aviation Revenue | 2.218 | % | 10/01/22 | $ | 3,076,117 | ||||||||
3,425,000 | County of Miami-Dade FL Aviation Revenue | 2.949 | 10/01/25 | 3,656,539 | |||||||||||
1,555,000 | County of Miami-Dade FL Aviation Revenue | 3.354 | 10/01/29 | 1,650,086 | |||||||||||
5,475,000 | County of Miami-Dade FL Aviation Revenue | 4.280 | 10/01/41 | 5,893,026 | |||||||||||
2,000,000 | Denver City & County School District No. 1 | 4.242 | 12/15/37 | 2,305,496 | |||||||||||
2,000,000 | Florida Municipal Power Agency | 2.769 | 10/01/23 | 2,074,102 | |||||||||||
2,100,000 | Florida Municipal Power Agency | 2.919 | 10/01/24 | 2,199,959 | |||||||||||
3,000,000 | Florida Municipal Power Agency | 3.059 | 10/01/25 | 3,160,810 | |||||||||||
7,920,000 | Grand Parkway Transportation Corp | 3.236 | 10/01/52 | 7,962,880 | |||||||||||
600,000 | Grant County Public Utility District No 2 | 5.630 | 01/01/27 | 741,947 | |||||||||||
845,000 | Illinois Housing Development Authority | 4.105 | 07/01/27 | 876,522 | |||||||||||
3,840,000 | Los Angeles County Redevelopment Refunding Authority Redev Agency Successor Agy | 3.375 | 09/01/35 | 4,035,464 | |||||||||||
1,250,000 | Maryland Community Development Administration Housing Revenue | 2.713 | 03/01/25 | 1,314,939 | |||||||||||
395,000 | Massachusetts Housing Finance Agency | 4.786 | 12/01/32 | 406,503 | |||||||||||
1,095,000 | Massachusetts Housing Finance Agency | 4.621 | 12/01/38 | 1,111,457 | |||||||||||
545,000 | Massachusetts Housing Finance Agency | 4.721 | 06/01/40 | 553,569 | |||||||||||
500,000 | New Jersey Economic Development Authority | 3.700 | �� | 06/15/21 | 502,623 | ||||||||||
3,515,000 | New Jersey Economic Development Authority | 4.150 | 06/15/22 | 3,643,995 | |||||||||||
1,615,000 | New Jersey Institute of Technology | 4.177 | 07/01/37 | 1,708,294 | |||||||||||
1,000,000 | New York City Transitional Finance Authority Future Tax Secured Revenue | 3.780 | 02/01/26 | 1,074,798 | |||||||||||
1,000,000 | New York State Dormitory Authority | 2.012 | 07/01/28 | 1,007,632 | |||||||||||
2,495,000 | New York Transportation Development Corp | 5.000 | 01/01/27 | 2,988,736 | |||||||||||
7,995,000 | New York Transportation Development Corp | 4.248 | 09/01/35 | 8,754,199 | |||||||||||
5,000,000 | †,g,q | Oregon State Business Development Commission | 6.500 | 04/01/31 | 1,600,000 | ||||||||||
780,000 | †,g | Oregon State Business Development Commission | 0.000 | 04/01/37 | 249,425 | ||||||||||
11,235,000 | Port Authority of New York & New Jersey | 1.086 | 07/01/23 | 11,402,320 | |||||||||||
2,000,000 | Port of Seattle WA | 3.471 | 05/01/31 | 2,137,696 | |||||||||||
860,000 | Public Finance Authority | 4.269 | 07/01/40 | 951,469 | |||||||||||
1,800,000 | Regents of the University of California Medical Center Pooled Revenue | 2.759 | 05/15/29 | 1,889,292 | |||||||||||
5,000,000 | Rhode Island Convention Center Authority | 3.195 | 05/15/26 | 5,111,537 | |||||||||||
3,750,000 | Rhode Island Convention Center Authority | 3.265 | 05/15/27 | 3,814,766 | |||||||||||
2,045,000 | Sangamon County Water Reclamation District | 3.272 | 01/01/37 | 1,963,952 | |||||||||||
2,100,000 | State of Colorado | 4.047 | 09/01/38 | 2,261,163 | |||||||||||
7,000,000 | University of California | 3.063 | 07/01/25 | 7,613,859 | |||||||||||
4,385,000 | Virgin Islands Public Finance Authority | 5.000 | 10/01/21 | 4,359,673 | |||||||||||
4,157,164 | g | Virgin Islands Water & Power Authority-Electric System | 7.500 | 07/01/22 | 4,167,049 | ||||||||||
1,245,000 | Wake Forest University | 3.093 | 06/01/26 | 1,320,242 | |||||||||||
TOTAL MUNICIPAL BONDS | 139,028,856 | ||||||||||||||
U.S. TREASURY SECURITIES - 6.6% | |||||||||||||||
3,900,000 | United States Treasury Note | 0.125 | 06/30/22 | 3,900,914 | |||||||||||
665,000 | United States Treasury Note | 0.125 | 10/31/22 | 664,922 | |||||||||||
13,975,000 | United States Treasury Note | 0.125 | 12/31/22 | 13,968,995 | |||||||||||
29,715,000 | United States Treasury Note | 0.125 | 01/31/23 | 29,701,071 | |||||||||||
14,795,000 | United States Treasury Note | 0.125 | 02/28/23 | 14,785,753 | |||||||||||
2,175,000 | United States Treasury Note | 0.125 | 03/31/23 | 2,173,556 | |||||||||||
139,725,000 | United States Treasury Note | 0.250 | 03/15/24 | 139,353,855 | |||||||||||
41,245,000 | United States Treasury Note | 0.750 | 03/31/26 | 40,887,328 | |||||||||||
2,210,000 | United States Treasury Note | 0.625 | 12/31/27 | 2,104,421 | |||||||||||
2,475,000 | United States Treasury Note | 0.750 | 01/31/28 | 2,372,906 | |||||||||||
1,435,000 | United States Treasury Note | 1.250 | 03/31/28 | 1,420,202 |
275 |
TIAA-CREF FUNDS - Core Plus Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 4,200,000 | United States Treasury Note | 1.125 | % | 02/15/31 | $ | 3,968,344 | ||||||||||
5,325,000 | United States Treasury Note | 1.875 | 02/15/41 | 4,958,074 | |||||||||||||
98,174,000 | United States Treasury Note | 1.250 | 05/15/50 | 74,086,856 | |||||||||||||
8,540,000 | United States Treasury Note | 1.375 | 08/15/50 | 6,663,869 | |||||||||||||
4,635,000 | United States Treasury Note | 1.625 | 11/15/50 | 3,862,259 | |||||||||||||
26,875,000 | United States Treasury Note | 1.875 | 02/15/51 | 23,851,562 | |||||||||||||
TOTAL U.S. TREASURY SECURITIES | 368,724,887 | ||||||||||||||||
TOTAL GOVERNMENT BONDS | 1,940,226,448 | ||||||||||||||||
(Cost $1,941,012,059) | |||||||||||||||||
STRUCTURED ASSETS - 16.3% | |||||||||||||||||
ASSET BACKED - 8.0% | |||||||||||||||||
2,287,147 | g | AASET Trust | 4.335 | 01/16/40 | 2,152,008 | ||||||||||||
Series - 2020 1A (Class B) | |||||||||||||||||
966,621 | g | AASET Trust | 6.413 | 01/16/40 | 671,704 | ||||||||||||
Series - 2020 1A (Class C) | |||||||||||||||||
6,827,506 | g | Adams Outdoor Advertising LP | 4.810 | 11/15/48 | 7,314,830 | ||||||||||||
Series - 2018 1 (Class A) | |||||||||||||||||
6,500,000 | g | Adams Outdoor Advertising LP | 7.356 | 11/15/48 | 6,777,267 | ||||||||||||
Series - 2018 1 (Class C) | |||||||||||||||||
1,350,000 | g | Affirm Asset Securitization Trust | 3.490 | 08/15/25 | 1,358,564 | ||||||||||||
Series - 2021 A (Class D) | |||||||||||||||||
1,131,293 | American Airlines Pass Through Trust | 3.575 | 01/15/28 | 1,145,396 | |||||||||||||
Series - 2016 1 (Class AA) | |||||||||||||||||
1,542,694 | g | American Homes 4 Rent Trust | 3.786 | 10/17/36 | 1,648,468 | ||||||||||||
Series - 2014 SFR2 (Class A) | |||||||||||||||||
1,358,696 | g | AMSR Trust | 1.819 | 04/17/37 | 1,374,856 | ||||||||||||
Series - 2020 SFR1 (Class A) | |||||||||||||||||
2,625,000 | g | AMSR Trust | 3.247 | 01/19/39 | 2,715,957 | ||||||||||||
Series - 2019 SFR1 (Class D) | |||||||||||||||||
9,000,000 | g,i | Apidos CLO XXIV | LIBOR 3 M + 1.350% | 1.467 | 10/20/30 | 9,000,036 | |||||||||||
Series - 2016 24A (Class A2LX) | |||||||||||||||||
1,000,000 | g,i | Apidos CLO XXIX | LIBOR 3 M + 1.550% | 1.768 | 07/25/30 | 1,000,032 | |||||||||||
Series - 2018 29A (Class A2) | |||||||||||||||||
444,158 | g | Apollo Aviation Securitization Equity Trust | 6.413 | 01/16/38 | 347,844 | ||||||||||||
Series - 2018 1A (Class C) | |||||||||||||||||
3,994,925 | g | Applebee’s Funding LLC | 4.194 | 06/07/49 | 4,102,388 | ||||||||||||
Series - 2019 1A (Class A2I) | |||||||||||||||||
1,721,350 | g | Applebee’s Funding LLC | 4.723 | 06/07/49 | 1,810,791 | ||||||||||||
Series - 2019 1A (Class A2II) | |||||||||||||||||
2,150,000 | g,i | AREIT Trust | LIBOR 1 M + 1.020% | 1.126 | 09/14/36 | 2,150,352 | |||||||||||
Series - 2019 CRE3 (Class A) | |||||||||||||||||
475,674 | i | Asset Backed Securities Corp Home Equity Loan Trust | LIBOR 1 M + 0.900% | 3.386 | 08/25/34 | 464,950 | |||||||||||
Series - 2004 HE5 (Class M1) | |||||||||||||||||
1,500,000 | g | Avis Budget Rental Car Funding AESOP LLC | 3.780 | 06/20/22 | 1,506,327 | ||||||||||||
Series - 2016 1A (Class B) | |||||||||||||||||
5,000,000 | g | Avis Budget Rental Car Funding AESOP LLC | 3.360 | 11/20/22 | 5,048,495 | ||||||||||||
Series - 2016 2A (Class B) | |||||||||||||||||
6,830,000 | g | Avis Budget Rental Car Funding AESOP LLC | 4.830 | 11/20/22 | 6,924,115 | ||||||||||||
Series - 2016 2A (Class C) |
276 |
TIAA-CREF FUNDS - Core Plus Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 1,500,000 | g | Avis Budget Rental Car Funding AESOP LLC | 4.150 | % | 09/20/23 | $ | 1,549,789 | |||||||||
Series - 2017 1A (Class C) | |||||||||||||||||
7,500,000 | g | Avis Budget Rental Car Funding AESOP LLC | 2.970 | 03/20/24 | 7,807,495 | ||||||||||||
Series - 2017 2A (Class A) | |||||||||||||||||
975,000 | g | Avis Budget Rental Car Funding AESOP LLC | 4.950 | 03/20/25 | 1,052,408 | ||||||||||||
Series - 2018 2A (Class C) | |||||||||||||||||
1,910,000 | g | Avis Budget Rental Car Funding AESOP LLC | 4.240 | 09/22/25 | 2,048,876 | ||||||||||||
Series - 2019 2A (Class C) | |||||||||||||||||
269,720 | i | Bayview Financial Mortgage Pass-Through Trust | 5.500 | 12/28/35 | 268,854 | ||||||||||||
Series - 2005 D (Class AF4) | |||||||||||||||||
1,500,000 | i | Bayview Financial Mortgage Pass-Through Trust | LIBOR 1 M + 0.975% | 1.084 | 02/28/41 | 1,497,756 | |||||||||||
Series - 2006 A (Class M3) | |||||||||||||||||
65,134 | i | Bear Stearns Asset Backed Securities Trust | LIBOR 1 M + 1.005% | 1.114 | 04/25/36 | 64,990 | |||||||||||
Series - 2006 SD1 (Class M1) | |||||||||||||||||
4,900,000 | g | Bojangles Issuer LLC | 3.832 | 10/20/50 | 5,115,551 | ||||||||||||
Series - 2020 1A (Class A2) | |||||||||||||||||
1,000,000 | g,i | Bonanza RE Ltd | U.S. Treasury Bill 3 M + 4.750% | 4.765 | 12/23/24 | 1,008,800 | |||||||||||
2,603,071 | g | BRE Grand Islander Timeshare Issuer LLC | 3.280 | 09/26/33 | 2,725,049 | ||||||||||||
Series - 2019 A (Class A) | |||||||||||||||||
2,148,403 | g | British Airways 2020-1 Cl B Pass Through Trust | 8.375 | 11/15/28 | 2,445,011 | ||||||||||||
1,486,943 | g | British Airways 2020-1 Class A Pass Through Trust | 4.250 | 11/15/32 | 1,557,931 | ||||||||||||
4,596,940 | g | Capital Automotive REIT | 3.660 | 10/15/44 | 4,603,241 | ||||||||||||
Series - 2014 1A (Class A) | |||||||||||||||||
4,585,111 | g | Capital Automotive REIT | 3.870 | 04/15/47 | 4,592,762 | ||||||||||||
Series - 2017 1A (Class A1) | |||||||||||||||||
5,100,000 | g | Capital Automotive REIT | 4.520 | 02/15/50 | 5,211,602 | ||||||||||||
Series - 2020 1A (Class B2) | |||||||||||||||||
2,496,875 | g | Cars Net Lease Mortgage Notes Series | 3.100 | 12/15/50 | 2,535,875 | ||||||||||||
Series - 2020 1A (Class A3) | |||||||||||||||||
2,500,000 | g | Cars Net Lease Mortgage Notes Series | 4.690 | 12/15/50 | 2,680,531 | ||||||||||||
Series - 2020 1A (Class B1) | |||||||||||||||||
2,718,409 | g | Castlelake Aircraft Structured Trust | 3.474 | 01/15/46 | 2,760,877 | ||||||||||||
Series - 2021 1A (Class A) | |||||||||||||||||
902,415 | g | Castlelake Aircraft Structured Trust | 6.656 | 01/15/46 | 928,416 | ||||||||||||
Series - 2021 1A (Class B) | |||||||||||||||||
2,400,000 | g,i | Cayuga Park CLO, Ltd. | LIBOR 3 M + 2.100% | 2.323 | 07/17/31 | 2,403,418 | |||||||||||
Series - 2020 1A (Class B1) | |||||||||||||||||
1,138,347 | i | C-BASS Trust | LIBOR 1 M + 0.080% | 0.189 | 07/25/36 | 1,104,380 | |||||||||||
Series - 2006 CB6 (Class A1) | |||||||||||||||||
6,451,318 | †,g,i | CBRE Realty Finance | LIBOR 3 M + 0.300% | 0.520 | 04/07/52 | 16,128 | |||||||||||
Series - 2007 1A (Class A2) | |||||||||||||||||
190,476 | †,g | CCR, Inc | 4.750 | 07/10/22 | 190,476 | ||||||||||||
Series - 2012 CA (Class C) | |||||||||||||||||
17,452 | Centex Home Equity | 5.540 | 01/25/32 | 18,013 | |||||||||||||
Series - 2002 A (Class AF6) | |||||||||||||||||
6,680,652 | g | CF Hippolyta LLC | 2.280 | 07/15/60 | 6,792,165 | ||||||||||||
Series - 2020 1 (Class B1) |
277 |
TIAA-CREF FUNDS - Core Plus Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 2,977,662 | g | CF Hippolyta LLC | 2.600 | % | 07/15/60 | $ | 2,966,980 | |||||||||
Series - 2020 1 (Class B2) | |||||||||||||||||
10,750,000 | g | CF Hippolyta LLC | 1.530 | 03/15/61 | 10,710,751 | ||||||||||||
Series - 2021 1A (Class A1) | |||||||||||||||||
9,000,000 | g | CF Hippolyta LLC | 1.980 | 03/15/61 | 8,972,957 | ||||||||||||
Series - 2021 1A (Class B1) | |||||||||||||||||
4,375,000 | g,h,i | CIFC Funding | LIBOR 3 M + 1.450% | 0.000 | 04/15/34 | 4,375,451 | |||||||||||
Series - 2021 2A (Class B) | |||||||||||||||||
2,300,000 | g,i | CIFC Funding Ltd | LIBOR 3 M + 2.200% | 2.424 | 08/24/32 | 2,309,653 | |||||||||||
Series - 2020 2A (Class B) | |||||||||||||||||
598,780 | g | CLI Funding VI LLC | 2.080 | 09/18/45 | 596,979 | ||||||||||||
Series - 2020 1A (Class A) | |||||||||||||||||
4,800,000 | g | CLI Funding VIII LLC | 2.380 | 02/18/46 | 4,731,519 | ||||||||||||
Series - 2021 1A (Class B) | |||||||||||||||||
1,641,350 | g | Corevest American Finance Trust | 1.832 | 03/15/50 | 1,667,887 | ||||||||||||
Series - 2020 1 (Class A1) | |||||||||||||||||
23,175 | Countrywide Asset-Backed Certificates (Step Bond) | 5.216 | 10/25/27 | 24,203 | |||||||||||||
Series - 2002 S4 (Class A5) | |||||||||||||||||
10,120,875 | g | DB Master Finance LLC | 3.787 | 05/20/49 | 10,327,240 | ||||||||||||
Series - 2019 1A (Class A2I) | |||||||||||||||||
4,417,725 | g | DB Master Finance LLC | 4.021 | 05/20/49 | 4,671,700 | ||||||||||||
Series - 2019 1A (Class A2II) | |||||||||||||||||
3,201,250 | g | DB Master Finance LLC | 4.352 | 05/20/49 | 3,457,158 | ||||||||||||
Series - 2019 1A (Class A23) | |||||||||||||||||
2,557,538 | g | Diamond Resorts Owner Trust | 3.700 | 01/21/31 | 2,670,538 | ||||||||||||
Series - 2018 1 (Class A) | |||||||||||||||||
682,010 | g | Diamond Resorts Owner Trust | 5.900 | 01/21/31 | 690,320 | ||||||||||||
Series - 2018 1 (Class D) | |||||||||||||||||
4,710,900 | g | Domino’s Pizza Master Issuer LLC | 4.474 | 10/25/45 | 4,974,616 | ||||||||||||
Series - 2015 1A (Class A2II) | |||||||||||||||||
1,867,250 | g | Domino’s Pizza Master Issuer LLC | 3.082 | 07/25/47 | 1,870,219 | ||||||||||||
Series - 2017 1A (Class A2II) | |||||||||||||||||
4,850,000 | g | Domino’s Pizza Master Issuer LLC | 4.118 | 07/25/47 | 5,221,413 | ||||||||||||
Series - 2017 1A (Class A23) | |||||||||||||||||
1,564,000 | g | Domino’s Pizza Master Issuer LLC | 4.116 | 07/25/48 | 1,643,436 | ||||||||||||
Series - 2018 1A (Class A2I) | |||||||||||||||||
2,940,000 | g | Driven Brands Funding LLC | 4.641 | 04/20/49 | 3,097,437 | ||||||||||||
Series - 2019 1A (Class A2) | |||||||||||||||||
2,985,000 | g | Driven Brands Funding LLC | 3.786 | 07/20/50 | 3,116,221 | ||||||||||||
Series - 2020 1A (Class A2) | |||||||||||||||||
2,000,000 | g,h,i | Dryden 49 Senior Loan Fund | LIBOR 3 M + 3.400% | 0.000 | 07/18/30 | 2,000,000 | |||||||||||
Series - 2017 49A (Class DR) | |||||||||||||||||
1,746,067 | g,i | Ellington Loan Acquisition Trust | LIBOR 1 M + 1.100% | 1.209 | 05/25/37 | 1,748,765 | |||||||||||
Series - 2007 2 (Class A2C) | |||||||||||||||||
800,000 | †,i | Garanti Diversified Payment Rights Finance Co | LIBOR 3 M + 3.172% | 3.397 | 10/09/21 | 794,400 | |||||||||||
Series - 2016 A (Class A) | |||||||||||||||||
4,987,500 | g | Hardee’s Funding LLC | 3.981 | 12/20/50 | 5,147,549 | ||||||||||||
Series - 2020 1A (Class A2) | |||||||||||||||||
444,745 | g | HERO Funding Trust | 3.280 | 09/20/48 | 457,712 | ||||||||||||
Series - 2017 2A (Class A1) | |||||||||||||||||
889,490 | g | HERO Funding Trust | 4.070 | 09/20/48 | 917,494 | ||||||||||||
Series - 2017 2A (Class A2) | |||||||||||||||||
1,579,047 | g | Hertz Vehicle Financing LLC | 4.030 | 07/25/24 | 1,586,410 | ||||||||||||
Series - 2018 3A (Class A) |
278 |
TIAA-CREF FUNDS - Core Plus Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 822,413 | g | Hilton Grand Vacations Trust | 2.660 | % | 12/26/28 | $ | 843,564 | |||||||||
Series - 2017 AA (Class A) | |||||||||||||||||
1,370,689 | g | Hilton Grand Vacations Trust | 2.960 | 12/26/28 | 1,396,019 | ||||||||||||
Series - 2017 AA (Class B) | |||||||||||||||||
1,210,827 | g | Hilton Grand Vacations Trust | 4.000 | 02/25/32 | 1,264,784 | ||||||||||||
Series - 2018 AA (Class C) | |||||||||||||||||
2,972,111 | g | Hilton Grand Vacations Trust | 2.840 | 07/25/33 | 3,025,654 | ||||||||||||
Series - 2019 AA (Class C) | |||||||||||||||||
50,145 | i | Home Equity Asset Trust | LIBOR 1 M + 1.500% | 3.986 | 06/25/33 | 50,658 | |||||||||||
Series - 2003 1 (Class M1) | |||||||||||||||||
2,323,426 | g | Horizon Aircraft Finance II Ltd | 3.721 | 07/15/39 | 2,320,995 | ||||||||||||
Series - 2019 1 (Class A) | |||||||||||||||||
484,351 | g | Horizon Aircraft Finance II Ltd | 6.900 | 07/15/39 | 425,091 | ||||||||||||
Series - 2019 1 (Class C) | |||||||||||||||||
8,342,961 | g | Horizon Aircraft Finance III Ltd | 3.425 | 11/15/39 | 8,236,743 | ||||||||||||
Series - 2019 2 (Class A) | |||||||||||||||||
199,960 | g,i | Invitation Homes Trust | LIBOR 1 M + 1.450% | 1.556 | 06/17/37 | 200,124 | |||||||||||
Series - 2018 SFR2 (Class D) | |||||||||||||||||
500,000 | g,i | Invitation Homes Trust | LIBOR 1 M + 1.250% | 1.358 | 01/17/38 | 502,358 | |||||||||||
Series - 2018 SFR4 (Class B) | |||||||||||||||||
773,786 | i | JP Morgan Mortgage Acquisition Trust | LIBOR 1 M + 0.320% | 0.429 | 03/25/37 | 766,326 | |||||||||||
Series - 2007 CH3 (Class A1B) | |||||||||||||||||
8,366,880 | i | JP Morgan Mortgage Acquisition Trust | LIBOR 1 M + 0.160% | 0.269 | 06/25/37 | 8,230,692 | |||||||||||
Series - 2007 CH5 (Class A1) | |||||||||||||||||
8,677,852 | g,i | KKR Industrial Portfolio Trust | LIBOR 1 M + 1.037% | 1.143 | 03/15/37 | 8,683,284 | |||||||||||
Series - 2020 AIP (Class A) | |||||||||||||||||
2,285,168 | g,i | KKR Industrial Portfolio Trust | LIBOR 1 M + 1.633% | 1.739 | 03/15/37 | 2,286,598 | |||||||||||
Series - 2020 AIP (Class C) | |||||||||||||||||
1,904,987 | g | Lunar Aircraft Ltd | 4.335 | 02/15/45 | 1,840,491 | ||||||||||||
Series - 2020 1A (Class B) | |||||||||||||||||
790,987 | g | Lunar Aircraft Ltd | 6.413 | 02/15/45 | 644,260 | ||||||||||||
Series - 2020 1A (Class C) | |||||||||||||||||
311,655 | MASTR Asset Backed Securities Trust (Step Bond) | 6.148 | 11/25/35 | 312,519 | |||||||||||||
Series - 2005 AB1 (Class A4) | |||||||||||||||||
848,266 | Mid-State Capital Trust | 5.745 | 01/15/40 | 909,156 | |||||||||||||
Series - 2005 1 (Class A) | |||||||||||||||||
1,698,356 | g | Mosaic Solar Loans LLC | 3.820 | 06/22/43 | 1,825,945 | ||||||||||||
Series - 2017 2A (Class A) | |||||||||||||||||
800,000 | g,i | MSCG Trust | 3.462 | 06/07/35 | 670,602 | ||||||||||||
Series - 2015 ALDR (Class C) | |||||||||||||||||
4,310,000 | g,i | MSCG Trust | 3.462 | 06/07/35 | 3,358,282 | ||||||||||||
Series - 2015 ALDR (Class D) | |||||||||||||||||
481,892 | g | MVW Owner Trust | 2.520 | 12/20/32 | 484,046 | ||||||||||||
Series - 2015 1A (Class A) | |||||||||||||||||
703,672 | g | MVW Owner Trust | 2.640 | 12/20/33 | 711,482 | ||||||||||||
Series - 2016 1A (Class B) | |||||||||||||||||
1,617,684 | g | MVW Owner Trust | 3.900 | 01/21/36 | 1,670,513 | ||||||||||||
Series - 2018 1A (Class C) | |||||||||||||||||
1,636,713 | g | MVW Owner Trust | 3.330 | 11/20/36 | 1,668,711 | ||||||||||||
Series - 2019 1A (Class C) | |||||||||||||||||
1,180,000 | g,i | Myers Park CLO Ltd | LIBOR 3 M + 1.600% | 1.824 | 10/20/30 | 1,180,113 | |||||||||||
Series - 2018 1A (Class B1) | |||||||||||||||||
2,000,000 | g,h,i | Neuberger Berman Loan Advisers CLO 31 Ltd | LIBOR 3 M + 6.500% | 0.000 | 04/20/31 | 2,000,000 | |||||||||||
Series - 2019 31A (Class ER) |
279 |
TIAA-CREF FUNDS - Core Plus Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 3,500,000 | g,h,i | Neuberger Berman Loan Advisers CLO 31 Ltd | LIBOR 3 M + 3.250% | 0.000 | % | 04/20/31 | $ | 3,500,000 | ||||||||
Series - 2019 31A (Class DR) | |||||||||||||||||
1,000,000 | g,h,i | Neuberger Berman Loan Advisers CLO 41 Ltd | LIBOR 3 M + 6.500% | 0.000 | 04/15/34 | 999,894 | |||||||||||
Series - 2021 41A (Class E) | |||||||||||||||||
1,000,000 | g | Oak Street Investment Grade Net Lease Fund Series | 4.230 | 01/20/51 | 1,026,707 | ||||||||||||
Series - 2021 1A (Class B1) | |||||||||||||||||
314,792 | Oakwood Mortgage Investors, Inc | 5.410 | 11/15/32 | 321,647 | |||||||||||||
Series - 2002 C (Class A1) | |||||||||||||||||
2,500,000 | g,i | Octagon Investment Partners 46 Ltd | LIBOR 3 M + 2.200% | 2.441 | 07/15/33 | 2,503,725 | |||||||||||
Series - 2020 2A (Class B) | |||||||||||||||||
950,000 | g | Oportun Funding XIV LLC | 3.440 | 03/08/28 | 949,654 | ||||||||||||
Series - 2021 A (Class C) | |||||||||||||||||
1,000,000 | g | Oportun Funding XIV LLC | 5.400 | 03/08/28 | 999,522 | ||||||||||||
Series - 2021 A (Class D) | |||||||||||||||||
7,125,000 | g | PFS Financing Corp | 0.930 | 08/15/24 | 7,166,624 | ||||||||||||
Series - 2020 F (Class A) | |||||||||||||||||
3,027,936 | g | Pioneer Aircraft Finance Ltd | 3.967 | 06/15/44 | 3,006,065 | ||||||||||||
Series - 2019 1 (Class A) | |||||||||||||||||
676,937 | i | RASC Trust | LIBOR 1 M + 0.590% | 3.080 | 08/25/35 | 677,158 | |||||||||||
Series - 2005 KS8 (Class M4) | |||||||||||||||||
1,250,000 | g | Regional Management Issuance Trust | 3.040 | 03/17/31 | 1,233,923 | ||||||||||||
Series - 2021 1 (Class C) | |||||||||||||||||
800,000 | g | Regional Management Issuance Trust | 5.070 | 03/17/31 | 788,607 | ||||||||||||
Series - 2021 1 (Class D) | |||||||||||||||||
2,500,000 | g | ServiceMaster Funding LLC | 2.841 | 10/30/51 | 2,553,175 | ||||||||||||
Series - 2020 1 (Class A2I) | |||||||||||||||||
7,900,000 | g | SERVPRO Master Issuer LLC | 3.882 | 10/25/49 | 8,146,638 | ||||||||||||
Series - 2019 1A (Class A2) | |||||||||||||||||
5,000,000 | g | SERVPRO Master Issuer LLC | 2.394 | 04/25/51 | 4,939,475 | ||||||||||||
Series - 2021 1A (Class A2) | |||||||||||||||||
4,925,000 | g | Sesac Finance LLC | 5.216 | 07/25/49 | 5,202,376 | ||||||||||||
Series - 2019 1 (Class A2) | |||||||||||||||||
4,720,668 | †,g | Settlement Fee Finance LLC | 3.840 | 11/01/49 | 4,671,809 | ||||||||||||
Series - 2019 1A (Class A) | |||||||||||||||||
1,500,000 | g,i | Sierra Ltd | U.S. Treasury Bill 3 M + 3.250% | 3.265 | 12/28/22 | 1,527,600 | |||||||||||
1,385,003 | g | Sierra Timeshare Receivables Funding LLC | 3.200 | 03/20/34 | 1,400,415 | ||||||||||||
Series - 2017 1A (Class B) | |||||||||||||||||
1,079,895 | g | Sierra Timeshare Receivables Funding LLC | 3.650 | 06/20/35 | 1,115,167 | ||||||||||||
Series - 2018 2A (Class B) | |||||||||||||||||
552,632 | g | Sierra Timeshare Receivables Funding LLC | 4.540 | 05/20/36 | 552,479 | ||||||||||||
Series - 2019 2A (Class D) | |||||||||||||||||
5,000,000 | g | Sierra Timeshare Receivables Funding LLC | 1.790 | 11/20/37 | 5,007,966 | ||||||||||||
Series - 2021 1A (Class C) | |||||||||||||||||
588,841 | g | S-Jets 2017-1 Ltd | 5.682 | 08/15/42 | 540,406 | ||||||||||||
Series - 2017 1 (Class B) | |||||||||||||||||
378,477 | g | SolarCity LMC | 4.800 | 11/20/38 | 397,504 | ||||||||||||
Series - 2013 1 (Class A) | |||||||||||||||||
555,597 | g | SolarCity LMC | 4.590 | 04/20/44 | 555,962 | ||||||||||||
Series - 2014 1 (Class A) | |||||||||||||||||
1,022,213 | g | SolarCity LMC | 4.020 | 07/20/44 | 1,035,785 | ||||||||||||
Series - 2014 2 (Class A) |
280 |
TIAA-CREF FUNDS - Core Plus Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
�� | |||||||||||||||||
$ | 7,651,204 | g | Sonic Capital LLC | 3.845 | % | 01/20/50 | $ | 7,928,790 | |||||||||
Series - 2020 1A (Class A2I) | |||||||||||||||||
2,400,000 | g | Stack Infrastructure Issuer LLC | 1.893 | 08/25/45 | 2,405,855 | ||||||||||||
Series - 2020 1A (Class A2) | |||||||||||||||||
5,875,000 | †,g | Stack Infrastructure Issuer LLC | 1.877 | 03/26/46 | 5,829,116 | ||||||||||||
Series - 2021 1A (Class A2) | |||||||||||||||||
1,956,300 | g | START Ireland | 4.089 | 05/15/43 | 1,935,682 | ||||||||||||
Series - 2018 1 (Class A) | |||||||||||||||||
3,765,081 | g | START Ireland | 5.095 | 03/15/44 | 3,575,944 | ||||||||||||
Series - 2019 1 (Class B) | |||||||||||||||||
1,553,199 | g | START Ireland | 6.413 | 03/15/44 | 1,095,453 | ||||||||||||
Series - 2019 1 (Class C) | |||||||||||||||||
1,471,640 | g | Start Ltd/Bermuda | 5.315 | 05/15/43 | 1,398,990 | ||||||||||||
Series - 2018 1 (Class B) | |||||||||||||||||
6,082 | i | Structured Asset Investment Loan Trust | LIBOR 1 M + 0.900% | 1.009 | 09/25/34 | 5,880 | |||||||||||
Series - 2004 8 (Class M1) | |||||||||||||||||
20,109 | i | Structured Asset Investment Loan Trust | LIBOR 1 M + 1.000% | 1.109 | 09/25/34 | 20,035 | |||||||||||
Series - 2004 8 (Class A9) | |||||||||||||||||
764,719 | i | Structured Asset Securities Corp Mortgage Loan Trust | LIBOR 1 M + 1.500% | 1.615 | 04/25/35 | 766,824 | |||||||||||
Series - 2005 7XS (Class 2A1A) | |||||||||||||||||
938,438 | g | Taco Bell Funding LLC | 4.377 | 05/25/46 | 942,567 | ||||||||||||
Series - 2016 1A (Class A2II) | |||||||||||||||||
7,772,188 | g | Taco Bell Funding LLC | 4.970 | 05/25/46 | 8,421,942 | ||||||||||||
Series - 2016 1A (Class A23) | |||||||||||||||||
12,788,633 | g | Taco Bell Funding LLC | 4.318 | 11/25/48 | 12,851,553 | ||||||||||||
Series - 2018 1A (Class A2I) | |||||||||||||||||
3,910,000 | g | Taco Bell Funding LLC | 4.940 | 11/25/48 | 4,278,205 | ||||||||||||
Series - 2018 1A (Class A2II) | |||||||||||||||||
5,378,521 | g | TES LLC | 4.330 | 10/20/47 | 5,590,654 | ||||||||||||
Series - 2017 1A (Class A) | |||||||||||||||||
2,500,000 | g | TES LLC | 7.740 | 10/20/47 | 2,460,656 | ||||||||||||
Series - 2017 1A (Class B) | |||||||||||||||||
2,980,000 | g | Textainer Marine Containers VII Ltd | 2.520 | 02/20/46 | 2,910,780 | ||||||||||||
Series - 2021 1A (Class B) | |||||||||||||||||
426,263 | g | Thunderbolt Aircraft Lease Ltd | 4.500 | 05/17/32 | 333,262 | ||||||||||||
Series - 2017 A (Class C) | |||||||||||||||||
4,198,181 | g | Thunderbolt Aircraft Lease Ltd (Step Bond) | 4.212 | 05/17/32 | 4,259,754 | ||||||||||||
Series - 2017 A (Class A) | |||||||||||||||||
1,526,252 | g | Tricon American Homes Trust | 2.716 | 09/17/34 | 1,536,284 | ||||||||||||
Series - 2017 SFR1 (Class A) | |||||||||||||||||
1,600,000 | g | Tricon American Homes Trust | 4.011 | 09/17/34 | 1,619,622 | ||||||||||||
Series - 2017 SFR1 (Class E) | |||||||||||||||||
400,000 | g | Tricon American Homes Trust | 3.275 | 01/17/36 | 408,260 | ||||||||||||
Series - 2017 SFR2 (Class B) | |||||||||||||||||
5,147,477 | United Airlines Pass Through Trust | 5.875 | 10/15/27 | 5,706,973 | |||||||||||||
4,417,307 | United Airlines Pass Through Trust | 3.700 | 03/01/30 | 4,442,172 | |||||||||||||
Series - 2018 1 (Class ) | |||||||||||||||||
4,679,849 | United Airlines Pass Through Trust | 2.700 | 05/01/32 | 4,545,187 | |||||||||||||
Series - 2019 2 (Class ) | |||||||||||||||||
2,000,000 | g,i | Ursa Re II Ltd | U.S. Treasury Bill 3 M + 3.750% | 3.765 | 12/07/23 | 2,044,200 | |||||||||||
7,781,620 | g | Vine | 2.790 | 11/15/50 | 7,623,390 | ||||||||||||
Series - 2020 1A (Class A) |
281 |
TIAA-CREF FUNDS - Core Plus Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 943,188 | g | Vine | 6.420 | % | 11/15/50 | $ | 926,476 | |||||||||
Series - 2020 1A (Class C) | |||||||||||||||||
3,901,597 | g | Vivint Colar Financing V LLC | 7.370 | 04/30/48 | 4,153,809 | ||||||||||||
Series - 2018 1A (Class B) | |||||||||||||||||
10,037,813 | g | Wendys Funding LLC | 3.573 | 03/15/48 | 10,317,968 | ||||||||||||
Series - 2018 1A (Class A2I) | |||||||||||||||||
6,772,500 | g | Wendys Funding LLC | 3.884 | 03/15/48 | 7,137,605 | ||||||||||||
Series - 2018 1A (Class A2II) | |||||||||||||||||
4,620,000 | g | Wingstop Funding LLC | 2.841 | 12/05/50 | 4,678,813 | ||||||||||||
Series - 2020 1A (Class A2) | |||||||||||||||||
TOTAL ASSET BACKED | 447,725,776 | ||||||||||||||||
OTHER MORTGAGE BACKED - 8.3% | |||||||||||||||||
253,133 | g,i | Agate Bay Mortgage Trust | 3.500 | 11/25/44 | 256,443 | ||||||||||||
Series - 2014 3 (Class A13) | |||||||||||||||||
408,010 | g,i | Agate Bay Mortgage Trust | 3.500 | 09/25/45 | 412,906 | ||||||||||||
Series - 2015 6 (Class A9) | |||||||||||||||||
35,800 | Alternative Loan Trust | 5.250 | 11/25/33 | 36,484 | |||||||||||||
Series - 2003 J3 (Class 1A3) | |||||||||||||||||
278,624 | i | Alternative Loan Trust | LIBOR 1 M + 0.750% | 0.859 | 06/25/34 | 285,819 | |||||||||||
Series - 2004 8CB (Class M1) | |||||||||||||||||
816,545 | i | American Home Mortgage Investment Trust | LIBOR 6 M + 1.500% | 1.720 | 10/25/34 | 831,959 | |||||||||||
Series - 2004 3 (Class 4A) | |||||||||||||||||
2,165,000 | BANK | 3.625 | 05/15/50 | 2,379,812 | |||||||||||||
Series - 2017 BNK4 (Class A4) | |||||||||||||||||
1,500,000 | i | BANK | 3.927 | 11/15/50 | 1,629,384 | ||||||||||||
Series - 2017 BNK8 (Class B) | |||||||||||||||||
1,000,000 | BANK | 3.455 | 12/15/52 | 1,055,403 | |||||||||||||
Series - 2019 BN23 (Class B) | |||||||||||||||||
4,500,000 | g,i | BBCMS Mortgage Trust | 4.267 | 08/05/38 | 3,836,112 | ||||||||||||
Series - 2018 CHRS (Class E) | |||||||||||||||||
888,166 | i | Bear Stearns Commercial Mortgage Securities Trust | 5.117 | 02/11/41 | 882,221 | ||||||||||||
Series - 2005 PWR7 (Class B) | |||||||||||||||||
2,800,000 | g,i | Benchmark Mortgage Trust | 3.131 | 09/15/48 | 2,878,728 | ||||||||||||
Series - 2020 IG3 (Class AS) | |||||||||||||||||
5,000,000 | g,i | Benchmark Mortgage Trust | 3.536 | 09/15/48 | 5,221,432 | ||||||||||||
Series - 2020 IG3 (Class BXA) | |||||||||||||||||
1,100,000 | Benchmark Mortgage Trust | 4.267 | 03/15/52 | 1,234,753 | |||||||||||||
Series - 2019 B9 (Class AS) | |||||||||||||||||
1,100,000 | Benchmark Mortgage Trust | 3.419 | 08/15/52 | 1,173,197 | |||||||||||||
Series - 2019 B12 (Class AS) | |||||||||||||||||
3,600,000 | i | Benchmark Mortgage Trust | 4.510 | 05/15/53 | 4,149,621 | ||||||||||||
Series - 2018 B7 (Class A4) | |||||||||||||||||
9,000,000 | g | Benchmark Mortgage Trust | 4.139 | 07/15/53 | 9,073,771 | ||||||||||||
Series - 2020 B18 (Class AGNF) | |||||||||||||||||
6,500,000 | i | Benchmark Mortgage Trust | 2.563 | 02/15/54 | 6,096,048 | ||||||||||||
Series - 2021 B23 (Class C) | |||||||||||||||||
13,778,489 | g,i | BX Commercial Mortgage Trust | LIBOR 1 M + 0.920% | 1.026 | 10/15/36 | 13,787,134 | |||||||||||
Series - 2019 XL (Class A) | |||||||||||||||||
3,762,045 | g,i | BX Commercial Mortgage Trust | LIBOR 1 M + 1.250% | 1.356 | 10/15/36 | 3,762,044 | |||||||||||
Series - 2019 XL (Class C) | |||||||||||||||||
3,762,045 | g,i | BX Commercial Mortgage Trust | LIBOR 1 M + 1.800% | 1.906 | 10/15/36 | 3,759,785 | |||||||||||
Series - 2019 XL (Class E) |
282 |
TIAA-CREF FUNDS - Core Plus Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 1,800,000 | i | CD Mortgage Trust | 3.879 | % | 11/10/49 | $ | 1,892,958 | |||||||||
Series - 2016 CD2 (Class B) | |||||||||||||||||
1,000,000 | i | CD Mortgage Trust | 4.023 | 11/10/49 | 1,016,960 | ||||||||||||
Series - 2016 CD2 (Class C) | |||||||||||||||||
1,400,000 | i | CD Mortgage Trust | 4.559 | 02/10/50 | 1,434,895 | ||||||||||||
Series - 2017 CD3 (Class C) | |||||||||||||||||
223,732 | g,i | CF Mortgage Trust | 2.840 | 04/15/25 | 235,946 | ||||||||||||
Series - 2020 P1 (Class A1) | |||||||||||||||||
10,000,000 | g,i | CF Mortgage Trust | 3.603 | 04/15/52 | 9,999,269 | ||||||||||||
Series - 2020 P1 (Class A2) | |||||||||||||||||
4,250,000 | g,i | CF Mortgage Trust | 10.010 | 04/15/52 | 4,554,928 | ||||||||||||
Series - 2020 P1 (Class B) | |||||||||||||||||
5,000,000 | i | CFCRE Commercial Mortgage Trust | 3.502 | 11/10/49 | 5,333,641 | ||||||||||||
Series - 2016 C6 (Class AM) | |||||||||||||||||
169,769 | Citicorp Mortgage Securities, Inc | 5.500 | 07/25/35 | 172,391 | |||||||||||||
Series - 2005 4 (Class 1A7) | |||||||||||||||||
2,600,000 | i | Citigroup Commercial Mortgage Trust | 3.758 | 04/10/48 | 2,732,542 | ||||||||||||
Series - 2015 GC29 (Class B) | |||||||||||||||||
1,650,000 | i | Citigroup Commercial Mortgage Trust | 4.151 | 04/10/48 | 1,737,127 | ||||||||||||
Series - 2015 GC29 (Class C) | |||||||||||||||||
1,425,000 | Citigroup Commercial Mortgage Trust | 4.233 | 04/10/49 | 1,540,521 | |||||||||||||
Series - 2016 GC37 (Class B) | |||||||||||||||||
1,020,000 | Citigroup Commercial Mortgage Trust | 3.018 | 08/10/56 | 1,065,362 | |||||||||||||
Series - 2019 GC41 (Class AS) | |||||||||||||||||
460,000 | i | Citigroup Mortgage Loan Trust | LIBOR 1 M + 0.750% | 0.859 | 01/25/36 | 458,833 | |||||||||||
Series - 2006 WFH1 (Class M4) | |||||||||||||||||
20,000,000 | g | COMM Mortgage Trust | 2.841 | 08/15/45 | 20,338,066 | ||||||||||||
Series - 2012 CR2 (Class A3) | |||||||||||||||||
1,900,000 | COMM Mortgage Trust | 3.101 | 03/10/46 | 1,956,063 | |||||||||||||
Series - 2013 CR6 (Class A4) | |||||||||||||||||
3,000,000 | g,i | COMM Mortgage Trust | 5.306 | 08/10/46 | 2,736,209 | ||||||||||||
Series - 2013 LC13 (Class D) | |||||||||||||||||
5,000,000 | COMM Mortgage Trust | 4.199 | 03/10/47 | 5,387,064 | |||||||||||||
Series - 2014 UBS2 (Class AM) | |||||||||||||||||
1,120,000 | COMM Mortgage Trust | 4.174 | 05/10/47 | 1,211,305 | |||||||||||||
Series - 2014 CR17 (Class AM) | |||||||||||||||||
2,452,500 | i | COMM Mortgage Trust | 4.456 | 07/15/47 | 2,654,091 | ||||||||||||
Series - 2014 CR18 (Class B) | |||||||||||||||||
1,500,000 | g,i | COMM Mortgage Trust | 4.709 | 08/10/47 | 1,441,369 | ||||||||||||
Series - 2014 CR19 (Class D) | |||||||||||||||||
3,000,000 | i | COMM Mortgage Trust | 4.188 | 10/10/47 | 3,266,163 | ||||||||||||
Series - 2014 LC17 (Class AM) | |||||||||||||||||
2,500,000 | g | COMM Mortgage Trust | 3.000 | 03/10/48 | 1,964,995 | ||||||||||||
Series - 2015 CR22 (Class E) | |||||||||||||||||
2,600,000 | g,i | COMM Mortgage Trust | 4.106 | 03/10/48 | 2,596,967 | ||||||||||||
Series - 2015 CR22 (Class D) | |||||||||||||||||
3,340,500 | i | COMM Mortgage Trust | 4.106 | 03/10/48 | 3,555,319 | ||||||||||||
Series - 2015 CR22 (Class C) | |||||||||||||||||
1,000,000 | COMM Mortgage Trust | 3.801 | 05/10/48 | 1,081,579 | |||||||||||||
Series - 2015 CR23 (Class AM) | |||||||||||||||||
2,500,000 | i | COMM Mortgage Trust | 4.293 | 05/10/48 | 2,537,769 | ||||||||||||
Series - 2015 CR23 (Class D) | |||||||||||||||||
2,500,000 | i | COMM Mortgage Trust | 3.463 | 08/10/48 | 2,249,933 | ||||||||||||
Series - 2015 CR24 (Class D) |
283 |
TIAA-CREF FUNDS - Core Plus Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 2,500,000 | i | COMM Mortgage Trust | 4.380 | % | 08/10/48 | $ | 2,737,816 | |||||||||
Series - 2015 CR24 (Class B) | |||||||||||||||||
3,000,000 | i | COMM Mortgage Trust | 4.380 | 08/10/48 | 3,191,784 | ||||||||||||
Series - 2015 CR24 (Class C) | |||||||||||||||||
3,175,000 | i | COMM Mortgage Trust | 4.480 | 10/10/48 | 3,432,908 | ||||||||||||
Series - 2015 CR26 (Class C) | |||||||||||||||||
3,038,368 | †,i | Commercial Mortgage Load Trust | 5.983 | 12/10/49 | 1,250,457 | ||||||||||||
Series - 2008 LS1 (Class AM) | |||||||||||||||||
874,086 | i | Connecticut Avenue Securities | LIBOR 1 M + 2.600% | 2.709 | 05/25/24 | 859,387 | |||||||||||
Series - 2014 C02 (Class 1M2) | |||||||||||||||||
8,727,221 | i | Connecticut Avenue Securities | LIBOR 1 M + 3.000% | 3.109 | 07/25/24 | 8,603,852 | |||||||||||
Series - 2014 C03 (Class 1M2) | |||||||||||||||||
721,813 | i | Connecticut Avenue Securities | LIBOR 1 M + 5.000% | 5.109 | 11/25/24 | 728,242 | |||||||||||
Series - 2014 C04 (Class 2M2) | |||||||||||||||||
298,645 | i | Connecticut Avenue Securities | LIBOR 1 M + 5.550% | 5.659 | 04/25/28 | 315,025 | |||||||||||
Series - 2015 C04 (Class 2M2) | |||||||||||||||||
498,895 | i | Connecticut Avenue Securities | LIBOR 1 M + 5.700% | 5.809 | 04/25/28 | 529,193 | |||||||||||
Series - 2015 C04 (Class 1M2) | |||||||||||||||||
593,561 | i | Connecticut Avenue Securities | LIBOR 1 M + 6.750% | 6.859 | 08/25/28 | 627,767 | |||||||||||
Series - 2016 C01 (Class 1M2) | |||||||||||||||||
1,847,074 | i | Connecticut Avenue Securities | LIBOR 1 M + 6.950% | 7.059 | 08/25/28 | 1,969,284 | |||||||||||
Series - 2016 C01 (Class 2M2) | |||||||||||||||||
404,692 | i | Connecticut Avenue Securities | LIBOR 1 M + 6.000% | 6.109 | 09/25/28 | 426,295 | |||||||||||
Series - 2016 C02 (Class 1M2) | |||||||||||||||||
4,519,298 | i | Connecticut Avenue Securities | LIBOR 1 M + 5.900% | 6.009 | 10/25/28 | 4,779,436 | |||||||||||
Series - 2016 C03 (Class 2M2) | |||||||||||||||||
2,496,548 | i | Connecticut Avenue Securities | LIBOR 1 M + 4.450% | 4.559 | 01/25/29 | 2,597,535 | |||||||||||
Series - 2016 C05 (Class 2M2) | |||||||||||||||||
736,716 | i | Connecticut Avenue Securities | LIBOR 1 M + 4.250% | 4.359 | 04/25/29 | 766,950 | |||||||||||
Series - 2016 C06 (Class 1M2) | |||||||||||||||||
330,027 | i | Connecticut Avenue Securities | LIBOR 1 M + 2.200% | 2.309 | 01/25/30 | 330,236 | |||||||||||
Series - 2017 C05 (Class 1M2A) | |||||||||||||||||
343,001 | i | Connecticut Avenue Securities | LIBOR 1 M + 2.200% | 2.309 | 01/25/30 | 346,330 | |||||||||||
Series - 2017 C05 (Class 1M2) | |||||||||||||||||
285,450 | i | Connecticut Avenue Securities | LIBOR 1 M + 2.250% | 2.359 | 07/25/30 | 285,629 | |||||||||||
Series - 2018 C01 (Class 1M2) | |||||||||||||||||
859,561 | i | Connecticut Avenue Securities | LIBOR 1 M + 0.850% | 0.959 | 10/25/30 | 853,925 | |||||||||||
Series - 2018 C03 (Class 1EA2) | |||||||||||||||||
1,477,993 | i | Connecticut Avenue Securities | LIBOR 1 M + 2.550% | 2.659 | 12/25/30 | 1,480,800 | |||||||||||
Series - 2018 C04 (Class 2M2) | |||||||||||||||||
1,121,393 | g,i | Connecticut Avenue Securities | LIBOR 1 M + 2.450% | 2.559 | 07/25/31 | 1,123,497 | |||||||||||
Series - 2019 R01 (Class 2M2) | |||||||||||||||||
1,597,811 | g,i | Connecticut Avenue Securities | LIBOR 1 M + 2.100% | 2.209 | 09/25/39 | 1,600,321 | |||||||||||
Series - 2019 R06 (Class 2M2) | |||||||||||||||||
1,921,041 | g,i | Connecticut Avenue Securities | LIBOR 1 M + 2.100% | 2.209 | 10/25/39 | 1,922,422 | |||||||||||
Series - 2019 R07 (Class 1M2) | |||||||||||||||||
3,620,000 | g,i | Connecticut Avenue Securities | LIBOR 1 M + 2.000% | 2.109 | 01/25/40 | 3,608,719 | |||||||||||
Series - 2020 R02 (Class 2M2) | |||||||||||||||||
2,393,644 | g,i | Connecticut Avenue Securities Trust | LIBOR 1 M + 2.400% | 2.550 | 04/25/31 | 2,397,388 | |||||||||||
Series - 2018 R07 (Class 1M2) | |||||||||||||||||
4,278,463 | g,i | Connecticut Avenue Securities Trust | LIBOR 1 M + 2.100% | 2.230 | 06/25/39 | 4,287,176 | |||||||||||
Series - 2019 R04 (Class 2M2) | |||||||||||||||||
436,976 | i | Countrywide Alternative Loan Trust | LIBOR 1 M + 0.460% | 0.571 | 07/20/35 | 438,498 | |||||||||||
Series - 2005 24 (Class 4A1) |
284 |
TIAA-CREF FUNDS - Core Plus Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 421,283 | i | Countrywide Home Loan Mortgage Pass Through Trust | 2.770 | % | 11/20/34 | $ | 434,412 | |||||||||
Series - 2004 HYB6 (Class A2) | |||||||||||||||||
34,253 | Countrywide Home Loan Mortgage Pass Through Trust | 5.250 | 09/25/35 | 32,918 | |||||||||||||
Series - 2005 17 (Class 1A10) | |||||||||||||||||
5,000,000 | g,i | CPT Mortgage Trust | 2.997 | 11/13/39 | 4,790,355 | ||||||||||||
Series - 2019 CPT (Class E) | |||||||||||||||||
887,375 | g,i | Credit Suisse Commercial Mortgage Trust | LIBOR 1 M + 0.650% | 0.759 | 05/25/36 | 888,199 | |||||||||||
Series - 2006 CF2 (Class M3) | |||||||||||||||||
6,468,699 | g,i | Credit Suisse Commercial Mortgage Trust | 3.500 | 02/25/48 | 6,566,513 | ||||||||||||
Series - 2018 J1 (Class A11) | |||||||||||||||||
1,152,113 | i | Credit Suisse First Boston Mortgage Securities Corp | 6.174 | 04/25/33 | 1,152,907 | ||||||||||||
Series - 2003 8 (Class DB1) | |||||||||||||||||
3,340,000 | CSAIL Commercial Mortgage Trust | 3.505 | 04/15/50 | 3,599,462 | |||||||||||||
Series - 2015 C1 (Class A4) | |||||||||||||||||
1,850,000 | g,i | CSMC Series | 3.388 | 10/25/59 | 1,874,441 | ||||||||||||
Series - 2019 NQM1 (Class M1) | |||||||||||||||||
5,065,000 | DBJPM | 3.539 | 05/10/49 | 5,435,008 | |||||||||||||
Series - 2016 C1 (Class AM) | |||||||||||||||||
2,083,000 | g,i | DBUBS Mortgage Trust | 5.351 | 08/10/44 | 2,086,625 | ||||||||||||
Series - 2011 LC3A (Class B) | |||||||||||||||||
2,000,000 | g,i | Ellington Financial Mortgage Trust | 3.587 | 06/25/59 | 2,004,911 | ||||||||||||
Series - 2019 1 (Class M1) | |||||||||||||||||
779,552 | i | Fieldstone Mortgage Investment Trust | LIBOR 1 M + 0.735% | 0.844 | 12/25/35 | 776,932 | |||||||||||
Series - 2005 2 (Class M2) | |||||||||||||||||
5,212,275 | g,i | FirstKey Mortgage Trust | 3.500 | 11/25/44 | 5,305,645 | ||||||||||||
Series - 2014 1 (Class A8) | |||||||||||||||||
222,791 | g,i | Flagstar Mortgage Trust | 3.500 | 03/25/47 | 222,616 | ||||||||||||
Series - 2017 1 (Class 1A5) | |||||||||||||||||
927,202 | g,i | Flagstar Mortgage Trust | 4.106 | 10/25/47 | 961,313 | ||||||||||||
Series - 2017 2 (Class B3) | |||||||||||||||||
291,323 | g,i | Flagstar Mortgage Trust | 4.000 | 09/25/48 | 294,474 | ||||||||||||
Series - 2018 5 (Class A11) | |||||||||||||||||
259,236 | g,i | Freddie Mac Structured Agency Credit Risk Debt Notes | 3.726 | 02/25/48 | 259,090 | ||||||||||||
Series - 2018 SPI1 (Class M2) | |||||||||||||||||
4,445,054 | g,i | Freddie Mac Structured Agency Credit Risk Debt Notes | 3.809 | 05/25/48 | 4,439,704 | ||||||||||||
Series - 2018 SPI2 (Class M2) | |||||||||||||||||
5,338,588 | g,i | Freddie Mac Structured Agency Credit Risk Debt Notes | 3.809 | 05/25/48 | 5,336,002 | ||||||||||||
Series - 2018 SPI2 (Class M2B) | |||||||||||||||||
559,734 | g,i | Freddie Mac Structured Agency Credit Risk Debt Notes | 4.489 | 11/25/48 | 559,469 | ||||||||||||
Series - 2018 SPI4 (Class M2B) | |||||||||||||||||
3,846,000 | g,i | GS Mortgage Securities Trust | 4.285 | 02/10/46 | 3,974,858 | ||||||||||||
Series - 2013 GC10 (Class C) | |||||||||||||||||
1,225,000 | i | GS Mortgage Securities Trust | 3.811 | 11/10/49 | 1,154,735 | ||||||||||||
Series - 2016 GS4 (Class C) | |||||||||||||||||
3,800,000 | i | GS Mortgage Securities Trust | 4.158 | 02/10/52 | 4,221,545 | ||||||||||||
Series - 2019 GC38 (Class AS) |
285 |
TIAA-CREF FUNDS - Core Plus Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 1,500,000 | i | GS Mortgage Securities Trust | 4.761 | % | 02/10/52 | $ | 1,618,718 | |||||||||
Series - 2019 GC38 (Class C) | |||||||||||||||||
1,500,000 | g,i | GS Mortgage Securities Trust | 3.501 | 07/10/52 | 1,570,241 | ||||||||||||
Series - 2019 GC40 (Class DBB) | |||||||||||||||||
4,500,000 | g,i | GS Mortgage Securities Trust | 3.550 | 07/10/52 | 4,647,517 | ||||||||||||
Series - 2019 GC40 (Class DBC) | |||||||||||||||||
1,000,000 | i | GS Mortgage Securities Trust | 3.405 | 02/13/53 | 1,044,460 | ||||||||||||
Series - 2020 GC45 (Class B) | |||||||||||||||||
5,000,000 | GS Mortgage Securities Trust | 2.012 | 12/12/53 | 4,801,808 | |||||||||||||
Series - 2020 GSA2 (Class A5) | |||||||||||||||||
355,325 | g,i | GS Mortgage-Backed Securities Corp Trust | 4.000 | 08/25/49 | 362,936 | ||||||||||||
Series - 2019 PJ1 (Class A4) | |||||||||||||||||
287,184 | g,i | GS Mortgage-Backed Securities Corp Trust | 4.000 | 11/25/49 | 289,237 | ||||||||||||
Series - 2019 PJ2 (Class A1) | |||||||||||||||||
750,107 | g,i | GS Mortgage-Backed Securities Corp Trust | 4.000 | 11/25/49 | 754,267 | ||||||||||||
Series - 2019 PJ2 (Class A4) | |||||||||||||||||
275,363 | g | GSMPS Mortgage Loan Trust | 7.500 | 03/25/35 | 285,415 | ||||||||||||
Series - 2005 RP2 (Class 1A2) | |||||||||||||||||
264,177 | g | GSMPS Mortgage Loan Trust | 7.500 | 09/25/35 | 275,376 | ||||||||||||
Series - 2005 RP3 (Class 1A2) | |||||||||||||||||
416,708 | GSR Mortgage Loan Trust | 6.000 | 01/25/35 | 422,480 | |||||||||||||
Series - 2005 1F (Class 3A3) | |||||||||||||||||
1,799,640 | i | HarborView Mortgage Loan Trust | LIBOR 1 M + 0.620% | 0.730 | 08/19/45 | 1,801,387 | |||||||||||
Series - 2005 11 (Class 2A1A) | |||||||||||||||||
3,000,000 | g,i | Hudson Yards Mortgage Trust | 3.443 | 07/10/39 | 3,065,257 | ||||||||||||
Series - 2019 30HY (Class D) | |||||||||||||||||
2,000,000 | g,i | Hudson Yards Mortgage Trust | 2.943 | 12/10/41 | 1,961,944 | ||||||||||||
Series - 2019 55HY (Class D) | |||||||||||||||||
3,500,000 | g,i | Hudson Yards Mortgage Trust | 2.943 | 12/10/41 | 3,255,130 | ||||||||||||
Series - 2019 55HY (Class F) | |||||||||||||||||
99,330 | i | Impac CMB Trust | LIBOR 1 M + 0.660% | 0.769 | 03/25/35 | 101,472 | |||||||||||
Series - 2004 11 (Class 2A1) | |||||||||||||||||
56,048 | i | JP Morgan Alternative Loan Trust | LIBOR 1 M + 0.280% | 0.389 | 04/25/47 | 55,102 | |||||||||||
Series - 2007 S1 (Class A1) | |||||||||||||||||
1,700,000 | g,i | JP Morgan Chase Commercial Mortgage Securities Corp | 4.078 | 01/15/46 | 1,736,814 | ||||||||||||
Series - 2013 C13 (Class D) | |||||||||||||||||
310,000 | g,i | JP Morgan Chase Commercial Mortgage Securities Corp | 5.419 | 07/15/46 | 310,038 | ||||||||||||
Series - 2011 C4 (Class C) | |||||||||||||||||
1,719,000 | i | JP Morgan Chase Commercial Mortgage Securities Corp | 4.119 | 01/15/49 | 1,893,156 | ||||||||||||
Series - 2015 JP1 (Class AS) | |||||||||||||||||
2,140,000 | JP Morgan Chase Commercial Mortgage Securities Corp | 2.822 | 08/15/49 | 2,263,086 | |||||||||||||
Series - 2016 JP2 (Class A4) | |||||||||||||||||
2,365,000 | JP Morgan Chase Commercial Mortgage Securities Corp | 3.723 | 03/15/50 | 2,600,127 | |||||||||||||
Series - 2017 JP5 (Class A5) | |||||||||||||||||
5,000,000 | JP Morgan Chase Commercial Mortgage Securities Corp | 3.379 | 09/15/50 | 5,281,077 | |||||||||||||
Series - 2017 JP7 (Class A3) | |||||||||||||||||
428,926 | i | JP Morgan Mortgage Trust | 2.534 | 11/25/33 | 448,030 | ||||||||||||
Series - 2006 A2 (Class 5A3) |
286 |
TIAA-CREF FUNDS - Core Plus Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 1,530,541 | g,i | JP Morgan Mortgage Trust | LIBOR 1 M - 0.000% | 2.124 | % | 12/25/44 | $ | 1,565,039 | ||||||||
Series - 2015 1 (Class B1) | |||||||||||||||||
183,212 | g,i | JP Morgan Mortgage Trust | 3.500 | 05/25/45 | 185,562 | ||||||||||||
Series - 2015 3 (Class A19) | |||||||||||||||||
772,604 | g,i | JP Morgan Mortgage Trust | 3.500 | 10/25/45 | 780,768 | ||||||||||||
Series - 2015 6 (Class A13) | |||||||||||||||||
353,083 | g,i | JP Morgan Mortgage Trust | 3.500 | 05/25/46 | 357,899 | ||||||||||||
Series - 2016 1 (Class A13) | |||||||||||||||||
1,417,514 | g,i | JP Morgan Mortgage Trust | 3.500 | 01/25/47 | 1,419,528 | ||||||||||||
Series - 2017 1 (Class A3) | |||||||||||||||||
187,475 | g,i | JP Morgan Mortgage Trust | 3.500 | 05/25/47 | 187,866 | ||||||||||||
Series - 2017 2 (Class A5) | |||||||||||||||||
477,892 | g,i | JP Morgan Mortgage Trust | 3.500 | 05/25/47 | 484,932 | ||||||||||||
Series - 2017 2 (Class A13) | |||||||||||||||||
570,236 | g,i | JP Morgan Mortgage Trust | 3.500 | 09/25/48 | 568,823 | ||||||||||||
Series - 2018 3 (Class A13) | |||||||||||||||||
184,099 | g,i | JP Morgan Mortgage Trust | 3.500 | 10/25/48 | 186,700 | ||||||||||||
Series - 2018 4 (Class A13) | |||||||||||||||||
757,227 | g,i | JP Morgan Mortgage Trust | 3.500 | 10/25/48 | 768,517 | ||||||||||||
Series - 2018 5 (Class A13) | |||||||||||||||||
650,420 | g,i | JP Morgan Mortgage Trust | 3.115 | 10/26/48 | 665,601 | ||||||||||||
Series - 2017 5 (Class A2) | |||||||||||||||||
934,049 | g,i | JP Morgan Mortgage Trust | 3.928 | 12/25/48 | 937,147 | ||||||||||||
Series - 2018 6 (Class B4) | |||||||||||||||||
382,154 | g,i | JP Morgan Mortgage Trust | 4.000 | 01/25/49 | 390,735 | ||||||||||||
Series - 2018 8 (Class A13) | |||||||||||||||||
464,007 | g,i | JP Morgan Mortgage Trust | 4.000 | 02/25/49 | 472,014 | ||||||||||||
Series - 2018 9 (Class A13) | |||||||||||||||||
199,157 | g,i | JP Morgan Mortgage Trust | 4.000 | 05/25/49 | 202,597 | ||||||||||||
Series - 2019 1 (Class A3) | |||||||||||||||||
911,459 | g,i | JP Morgan Mortgage Trust | 4.000 | 05/25/49 | 926,258 | ||||||||||||
Series - 2019 1 (Class A15) | |||||||||||||||||
839,919 | g,i | JP Morgan Mortgage Trust | 4.757 | 09/25/49 | 887,805 | ||||||||||||
Series - 2019 3 (Class B1) | |||||||||||||||||
1,671,067 | g,i | JP Morgan Mortgage Trust | LIBOR 1 M + 0.950% | 1.059 | 10/25/49 | 1,682,903 | |||||||||||
Series - 2019 INV1 (Class A11) | |||||||||||||||||
2,514,677 | g,i | JP Morgan Mortgage Trust | 3.889 | 06/25/50 | 2,629,688 | ||||||||||||
Series - 2020 1 (Class B2) | |||||||||||||||||
699,462 | JPMBB Commercial Mortgage Securities Trust | 3.657 | 09/15/47 | 735,090 | |||||||||||||
Series - 2014 C23 (Class ASB) | |||||||||||||||||
5,000,000 | JPMBB Commercial Mortgage Securities Trust | 3.634 | 02/15/48 | 5,350,453 | |||||||||||||
Series - 2015 C27 (Class AS) | |||||||||||||||||
4,800,000 | i | JPMBB Commercial Mortgage Securities Trust | 4.620 | 08/15/48 | 5,260,653 | ||||||||||||
Series - 2015 C31 (Class B) | |||||||||||||||||
5,000,000 | JPMDB Commercial Mortgage Securities Trust | 2.536 | 05/13/53 | 5,024,182 | |||||||||||||
Series - 2020 COR7 (Class AS) | |||||||||||||||||
10,000,000 | g | Liberty Street Trust | 3.597 | 02/10/36 | 10,853,396 | ||||||||||||
Series - 2016 225L (Class A) | |||||||||||||||||
384,347 | Master Alternative Loan Trust | 7.000 | 01/25/34 | 410,413 | |||||||||||||
Series - 2004 1 (Class 3A1) | |||||||||||||||||
938,092 | g | Morgan Stanley Bank of America Merrill Lynch Trust | 4.384 | 12/15/46 | 980,267 | ||||||||||||
Series - 2014 C19 (Class LNC2) |
287 |
TIAA-CREF FUNDS - Core Plus Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 850,782 | Morgan Stanley Bank of America Merrill Lynch Trust | 3.338 | % | 03/15/48 | $ | 912,070 | ||||||||||
Series - 2015 C21 (Class A4) | |||||||||||||||||
466,430 | i | Morgan Stanley Capital I Trust | LIBOR 1 M + 0.825% | 0.934 | 08/25/34 | 462,077 | |||||||||||
Series - 2004 HE6 (Class M1) | |||||||||||||||||
1,959,950 | i | Morgan Stanley Capital I Trust | LIBOR 1 M + 0.705% | 0.814 | 02/25/35 | 1,969,709 | |||||||||||
Series - 2005 WMC2 (Class M3) | |||||||||||||||||
2,000,000 | i | Morgan Stanley Capital I Trust | 3.779 | 05/15/48 | 2,194,386 | ||||||||||||
Series - 2015 MS1 (Class A4) | |||||||||||||||||
211,046 | †,i | Morgan Stanley Capital I Trust | 6.099 | 12/12/49 | 119,030 | ||||||||||||
Series - 2007 IQ16 (Class AJFX) | |||||||||||||||||
300,000 | Morgan Stanley Capital I Trust | 3.587 | 12/15/50 | 328,711 | |||||||||||||
Series - 2017 HR2 (Class A4) | |||||||||||||||||
2,150,000 | i | Morgan Stanley Capital I Trust | 4.429 | 07/15/51 | 2,425,274 | ||||||||||||
Series - 2018 H3 (Class AS) | |||||||||||||||||
1,500,000 | g | MRCD Mortgage Trust | 2.718 | 12/15/36 | 1,481,012 | ||||||||||||
Series - 2019 PARK (Class E) | |||||||||||||||||
2,000,000 | g,i | Natixis Commercial Mortgage Securities Trust | LIBOR 1 M + 0.784% | 0.890 | 07/15/33 | 1,987,391 | |||||||||||
Series - 2018 850T (Class A) | |||||||||||||||||
11,100,000 | g,i | Natixis Commercial Mortgage Securities Trust | LIBOR 1 M + 1.500% | 1.606 | 07/15/36 | 11,132,327 | |||||||||||
Series - 2019 MILE (Class A) | |||||||||||||||||
3,000,000 | g,i | Natixis Commercial Mortgage Securities Trust | LIBOR 1 M + 3.500% | 3.606 | 07/15/36 | 2,976,654 | |||||||||||
Series - 2019 MILE (Class E) | |||||||||||||||||
4,500,000 | g,i | Natixis Commercial Mortgage Securities Trust | LIBOR 1 M + 4.250% | 4.356 | 07/15/36 | 4,429,604 | |||||||||||
Series - 2019 MILE (Class F) | |||||||||||||||||
10,000,000 | g | Natixis Commercial Mortgage Securities Trust | 3.305 | 10/15/36 | 9,955,932 | ||||||||||||
Series - 2019 1776 (Class D) | |||||||||||||||||
2,000,000 | g | Natixis Commercial Mortgage Securities Trust | 3.902 | 10/15/36 | 1,962,240 | ||||||||||||
Series - 2019 1776 (Class E) | |||||||||||||||||
131,721 | g,i | New Residential Mortgage Loan Trust | 4.000 | 02/25/57 | 141,252 | ||||||||||||
Series - 2017 1A (Class A1) | |||||||||||||||||
853,872 | g,i | New Residential Mortgage Loan Trust | 4.000 | 08/27/57 | 913,923 | ||||||||||||
Series - 2017 6A (Class A1) | |||||||||||||||||
246,659 | i | New York Mortgage Trust | LIBOR 1 M + 0.480% | 0.589 | 02/25/36 | 247,075 | |||||||||||
Series - 2005 3 (Class A1) | |||||||||||||||||
688,355 | g,i | OBX Trust | LIBOR 1 M + 0.650% | 0.759 | 06/25/57 | 689,731 | |||||||||||
Series - 2018 1 (Class A2) | |||||||||||||||||
5,700,000 | g | One Bryant Park Trust | 2.516 | 09/15/54 | 5,753,557 | ||||||||||||
Series - 2019 OBP (Class A) | |||||||||||||||||
341,095 | g,i | Sequoia Mortgage Trust | 3.500 | 05/25/45 | 347,074 | ||||||||||||
Series - 2015 2 (Class A1) | |||||||||||||||||
436,704 | g,i | Sequoia Mortgage Trust | 3.500 | 06/25/46 | 442,710 | ||||||||||||
Series - 2016 1 (Class A19) | |||||||||||||||||
1,553,463 | g,i | Sequoia Mortgage Trust | 3.500 | 11/25/46 | 1,563,865 | ||||||||||||
Series - 2016 3 (Class A10) | |||||||||||||||||
976,357 | g,i | Sequoia Mortgage Trust | 3.500 | 02/25/47 | 979,731 | ||||||||||||
Series - 2017 1 (Class A4) | |||||||||||||||||
1,431,772 | g,i | Sequoia Mortgage Trust | 3.500 | 02/25/47 | 1,452,285 | ||||||||||||
Series - 2017 2 (Class A19) | |||||||||||||||||
1,388,141 | g,i | Sequoia Mortgage Trust | 3.500 | 04/25/47 | 1,391,737 | ||||||||||||
Series - 2017 3 (Class A4) |
288 |
TIAA-CREF FUNDS - Core Plus Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 1,285,264 | g,i | Sequoia Mortgage Trust | 3.500 | % | 04/25/47 | $ | 1,302,589 | |||||||||
Series - 2017 3 (Class A19) | |||||||||||||||||
1,260,219 | g,i | Sequoia Mortgage Trust | 3.749 | 09/25/47 | 1,335,015 | ||||||||||||
Series - 2017 6 (Class B1) | |||||||||||||||||
596,613 | g,i | Sequoia Mortgage Trust | 3.500 | 02/25/48 | 608,036 | ||||||||||||
Series - 2018 2 (Class A1) | |||||||||||||||||
1,939,809 | g,i | Sequoia Mortgage Trust | 3.500 | 02/25/48 | 1,969,500 | ||||||||||||
Series - 2018 2 (Class A19) | |||||||||||||||||
816,058 | g,i | Sequoia Mortgage Trust | 3.500 | 03/25/48 | 831,612 | ||||||||||||
Series - 2018 3 (Class A1) | |||||||||||||||||
97,436 | g,i | Sequoia Mortgage Trust | 3.500 | 03/25/48 | 97,442 | ||||||||||||
Series - 2018 3 (Class A4) | |||||||||||||||||
104,197 | g,i | Sequoia Mortgage Trust | 4.000 | 09/25/48 | 105,806 | ||||||||||||
Series - 2018 7 (Class A19) | |||||||||||||||||
46,527 | g,i | Sequoia Mortgage Trust | 4.000 | 11/25/48 | 47,030 | ||||||||||||
Series - 2018 8 (Class A19) | |||||||||||||||||
1,287,865 | g,i | Sequoia Mortgage Trust | 4.000 | 06/25/49 | 1,311,532 | ||||||||||||
Series - 2019 2 (Class A1) | |||||||||||||||||
369,864 | g,i | Sequoia Mortgage Trust | 4.000 | 06/25/49 | 374,628 | ||||||||||||
Series - 2019 2 (Class A19) | |||||||||||||||||
1,705,574 | g,i | Sequoia Mortgage Trust | 3.500 | 11/25/49 | 1,725,248 | ||||||||||||
Series - 2019 4 (Class A1) | |||||||||||||||||
3,193,094 | g,i | Sequoia Mortgage Trust | 3.500 | 12/25/49 | 3,223,796 | ||||||||||||
Series - 2019 5 (Class A1) | |||||||||||||||||
1,796,117 | g,i | Sequoia Mortgage Trust | 3.500 | 12/25/49 | 1,813,387 | ||||||||||||
Series - 2019 5 (Class A19) | |||||||||||||||||
3,635,596 | g,i | Sequoia Mortgage Trust | 3.000 | 04/25/50 | 3,718,106 | ||||||||||||
Series - 2020 3 (Class A19) | |||||||||||||||||
151,296 | g,i | Shellpoint Co-Originator Trust | 3.500 | 11/25/46 | 152,093 | ||||||||||||
Series - 2016 1 (Class 1A10) | |||||||||||||||||
611,563 | g,i | Shellpoint Co-Originator Trust | 3.500 | 04/25/47 | 612,850 | ||||||||||||
Series - 2017 1 (Class A4) | |||||||||||||||||
1,006,237 | g,i | Shellpoint Co-Originator Trust | 3.500 | 10/25/47 | 1,022,741 | ||||||||||||
Series - 2017 2 (Class A1) | |||||||||||||||||
3,500,000 | g,i | Spruce Hill Mortgage Loan Trust | 3.827 | 01/28/50 | 3,524,974 | ||||||||||||
Series - 2020 SH1 (Class B1) | |||||||||||||||||
34,120 | i | Structured Agency Credit Risk Debt Note (STACR) | LIBOR 1 M + 4.150% | 4.259 | 01/25/25 | 34,120 | |||||||||||
Series - 2015 DN1 (Class M3) | |||||||||||||||||
2,208,522 | i | STACR | LIBOR 1 M + 4.650% | 4.759 | 10/25/28 | 2,310,959 | |||||||||||
Series - 2016 DNA2 (Class M3) | |||||||||||||||||
47,131 | i | STACR | LIBOR 1 M + 1.200% | 1.309 | 10/25/29 | 47,191 | |||||||||||
Series - 2017 DNA2 (Class M1) | |||||||||||||||||
1,373,173 | i | STACR | LIBOR 1 M + 1.800% | 1.909 | 07/25/30 | 1,363,695 | |||||||||||
Series - 2018 DNA1 (Class M2) | |||||||||||||||||
3,004,465 | i | STACR | LIBOR 1 M + 2.300% | 2.472 | 08/25/30 | 3,004,463 | |||||||||||
Series - 2018 HQA1 (Class M2) | |||||||||||||||||
1,402,438 | g,i | STACR | 4.023 | 09/25/47 | 1,400,819 | ||||||||||||
Series - 2017 SPI1 (Class M2) | |||||||||||||||||
1,215,252 | g,i | STACR | 4.148 | 08/25/48 | 1,212,348 | ||||||||||||
Series - 2018 SPI3 (Class M2) | |||||||||||||||||
877,742 | g,i | STACR | 4.489 | 11/25/48 | 876,651 | ||||||||||||
Series - 2018 SPI4 (Class M2) | |||||||||||||||||
1,624,282 | g,i | STACR | LIBOR 1 M + 2.050% | 2.159 | 11/25/49 | 1,624,281 | |||||||||||
Series - 2019 HQA4 (Class M2) |
289 |
TIAA-CREF FUNDS - Core Plus Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 597,561 | g,i | STACR | LIBOR 1 M + 1.700% | 1.809 | % | 12/25/49 | $ | 595,569 | ||||||||
Series - 2020 DNA1 (Class M2) | |||||||||||||||||
5,010,000 | g,i | STACR | LIBOR 1 M + 1.850% | 1.959 | 02/25/50 | 4,990,582 | |||||||||||
Series - 2020 DNA2 (Class M2) | |||||||||||||||||
4,072,000 | g,i | STACR | LIBOR 1 M + 3.100% | 3.209 | 03/25/50 | 4,117,731 | |||||||||||
Series - 2020 HQA2 (Class M2) | |||||||||||||||||
475,000 | g | Tricon American Homes | 2.049 | 07/17/38 | 472,133 | ||||||||||||
Series - 2020 SFR1 (Class B) | |||||||||||||||||
3,000,000 | UBS-Barclays Commercial Mortgage Trust | 2.850 | 12/10/45 | 3,091,351 | |||||||||||||
Series - 2012 C4 (Class A5) | |||||||||||||||||
1,000,000 | g,i | UBS-Barclays Commercial Mortgage Trust | 3.649 | 03/10/46 | 1,015,263 | ||||||||||||
Series - 2013 C5 (Class B) | |||||||||||||||||
1,291,097 | g | VERUS A3 (Step Bond) | 1.733 | 05/25/65 | 1,291,538 | ||||||||||||
Series - 2020 5 (Class A3) | |||||||||||||||||
2,000,000 | g,i | Verus Securitization Trust | 3.781 | 05/25/59 | 1,977,653 | ||||||||||||
Series - 2019 2 (Class M1) | |||||||||||||||||
350,000 | g,i | Verus Securitization Trust | 3.139 | 07/25/59 | 350,444 | ||||||||||||
Series - 2019 3 (Class M1) | |||||||||||||||||
824,870 | g | Verus Securitization Trust | 2.321 | 05/25/65 | 838,436 | ||||||||||||
Series - 2020 4 (Class A3) | |||||||||||||||||
1,468,098 | g | VSE VOI Mortgage LLC | 4.020 | 02/20/36 | 1,522,785 | ||||||||||||
Series - 2018 A (Class C) | |||||||||||||||||
302,488 | i | Wachovia Mortgage Loan Trust | 2.560 | 10/20/35 | 292,258 | ||||||||||||
Series - 2005 B (Class 1A1) | |||||||||||||||||
12,495 | i | Washington Mutual Mortgage Pass-Through Certificates Trust | 5.956 | 08/25/38 | 13,028 | ||||||||||||
Series - 2004 RA3 (Class 2A) | |||||||||||||||||
2,000,000 | i | Wells Fargo Commercial Mortgage Trust | 4.147 | 05/15/48 | 2,034,439 | ||||||||||||
Series - 2015 NXS1 (Class D) | |||||||||||||||||
483,128 | g,i | Wells Fargo Mortgage Backed Securities Trust | 4.000 | 04/25/49 | 489,163 | ||||||||||||
Series - 2019 2 (Class A17) | |||||||||||||||||
9,826 | g | WFRBS Commercial Mortgage Trust | 4.375 | 03/15/44 | 9,817 | ||||||||||||
Series - 2011 C3 (Class A4) | |||||||||||||||||
5,277,000 | WFRBS Commercial Mortgage Trust | 3.607 | 11/15/47 | 5,690,333 | |||||||||||||
Series - 2014 C24 (Class A5) | |||||||||||||||||
2,000,000 | WF-RBS Commercial Mortgage Trust | 3.337 | 06/15/46 | 2,103,848 | |||||||||||||
Series - 2013 C14 (Class A5) | |||||||||||||||||
179,534 | g,i | WinWater Mortgage Loan Trust | 3.854 | 06/20/44 | 181,970 | ||||||||||||
Series - 2014 1 (Class B4) | |||||||||||||||||
TOTAL OTHER MORTGAGE BACKED | 463,506,848 | ||||||||||||||||
TOTAL STRUCTURED ASSETS | 911,232,624 | ||||||||||||||||
(Cost $901,264,304) | |||||||||||||||||
TOTAL BONDS | 5,182,931,497 | ||||||||||||||||
(Cost $5,108,885,313) | |||||||||||||||||
SHARES | COMPANY | ||||||||||||||||
COMMON STOCKS - 0.0% | |||||||||||||||||
ENERGY - 0.0% | |||||||||||||||||
1,538 | *,† | Cloud Peak Energy, Inc | 15 | ||||||||||||||
TOTAL ENERGY | 15 |
290 |
TIAA-CREF FUNDS - Core Plus Bond Fund
SHARES | COMPANY | VALUE | |||||||||||||
MATERIALS - 0.0% | |||||||||||||||
27,730,192 | * | Petra Diamonds | $ | 575,573 | |||||||||||
TOTAL MATERIALS | 575,573 | ||||||||||||||
MEDIA & ENTERTAINMENT - 0.0% | |||||||||||||||
158,619 | * | Cirque Du Soleil Holding USA Newco, Inc | 1,181,712 | ||||||||||||
TOTAL MEDIA & ENTERTAINMENT | 1,181,712 | ||||||||||||||
REAL ESTATE - 0.0% | |||||||||||||||
7,034 | * | Warehouses De Pauw CVA | 7,913 | ||||||||||||
TOTAL REAL ESTATE | 7,913 | ||||||||||||||
TOTAL COMMON STOCKS | 1,765,213 | ||||||||||||||
(Cost $1,848,627) | |||||||||||||||
PREFERRED STOCKS - 0.3% | |||||||||||||||
BANKS - 0.2% | |||||||||||||||
142,800 | Bank of America Corp | 3,570,000 | |||||||||||||
196,000 | * | JPMorgan Chase & Co | 5,021,520 | ||||||||||||
200,000 | Wintrust Financial Corp | 5,600,000 | |||||||||||||
TOTAL BANKS | 14,191,520 | ||||||||||||||
�� | |||||||||||||||
DIVERSIFIED FINANCIALS - 0.1% | |||||||||||||||
35,370 | Morgan Stanley | 1,001,679 | |||||||||||||
108,701 | e | Morgan Stanley | 3,059,933 | ||||||||||||
TOTAL DIVERSIFIED FINANCIALS | 4,061,612 | ||||||||||||||
TOTAL PREFERRED STOCKS | 18,253,132 | ||||||||||||||
(Cost $17,314,409) | |||||||||||||||
PRINCIPAL | ISSUER | RATE | MATURITY DATE | ||||||||||||
SHORT-TERM INVESTMENTS - 14.5% | |||||||||||||||
GOVERNMENT AGENCY DEBT - 10.6% | |||||||||||||||
$ | 25,000,000 | Federal Farm Credit Bank (FFCB) | 0.040 | % | 04/13/21 | 25,000,000 | |||||||||
10,000,000 | FFCB | 0.040 | 04/22/21 | 10,000,000 | |||||||||||
15,000,000 | FFCB | 0.080 | 12/28/21 | 14,994,354 | |||||||||||
5,000,000 | FFCB | 0.080 | 01/07/22 | 4,998,049 | |||||||||||
24,980,000 | Federal Home Loan Bank (FHLB) | 0.037 | 04/13/21 | 24,980,000 | |||||||||||
118,871,000 | FHLB | 0.085 | 04/14/21 | 118,871,000 | |||||||||||
44,928,000 | FHLB | 0.028 | 04/16/21 | 44,928,000 | |||||||||||
25,000,000 | FHLB | 0.005 | 04/19/21 | 25,000,000 | |||||||||||
34,200,000 | FHLB | 0.080 | 04/21/21 | 34,200,000 | |||||||||||
12,500,000 | FHLB | 0.040 | 04/22/21 | 12,500,000 | |||||||||||
25,000,000 | FHLB | 0.030 | 04/23/21 | 25,000,000 | |||||||||||
5,993,000 | FHLB | 0.010 | 04/28/21 | 5,993,000 | |||||||||||
20,000,000 | FHLB | 0.014 | 05/12/21 | 19,999,772 | |||||||||||
24,920,000 | FHLB | 0.035 | 05/28/21 | 24,919,606 | |||||||||||
11,500,000 | FHLB | 0.025 | 06/11/21 | 11,499,546 | |||||||||||
37,370,000 | FHLB | 0.025 | 06/16/21 | 37,368,422 | |||||||||||
12,000,000 | FHLB | 0.023 | 06/23/21 | 11,999,447 | |||||||||||
15,000,000 | FHLB | 0.086 | 06/30/21 | 14,999,250 | |||||||||||
20,000,000 | FHLB | 0.050 | 08/06/21 | 19,997,884 |
291 |
TIAA-CREF FUNDS - Core Plus Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 25,000,000 | FHLB | 0.054 | % | 08/13/21 | $ | 24,997,208 | |||||||||
33,600,000 | FHLB | 0.058 | 08/18/21 | 33,596,108 | ||||||||||||
20,000,000 | FHLB | 0.058 | 09/08/21 | 19,996,444 | ||||||||||||
7,000,000 | FHLB | 0.025 | 09/15/21 | 6,998,701 | ||||||||||||
12,420,000 | Tennessee Valley Authority (TVA) | 0.022 | 04/07/21 | 12,420,000 | ||||||||||||
TOTAL GOVERNMENT AGENCY DEBT | 585,256,791 | |||||||||||||||
TREASURY DEBT - 3.8% | ||||||||||||||||
33,800,000 | Egypt Treasury Bill | 0.000 | 05/25/21 | 2,114,519 | ||||||||||||
35,075,000 | Egypt Treasury Bill | 0.000 | 08/24/21 | 2,122,085 | ||||||||||||
16,000,000 | Ukraine Treasury Bill | 0.000 | 10/27/21 | 544,258 | ||||||||||||
25,000,000 | United States Cash Management Bill | 0.023 | 07/06/21 | 24,999,133 | ||||||||||||
69,115,000 | United States Treasury Bill | 0.031 | 04/08/21 | 69,114,933 | ||||||||||||
36,185,000 | United States Treasury Bill | 0.095 | 04/29/21 | 36,184,718 | ||||||||||||
12,000,000 | United States Treasury Bill | 0.025 | 05/04/21 | 11,999,808 | ||||||||||||
25,000,000 | United States Treasury Bill | 0.030 | 05/20/21 | 24,999,490 | ||||||||||||
39,173,000 | United States Treasury Bill | 0.042 | 05/27/21 | 39,172,238 | ||||||||||||
TOTAL TREASURY DEBT | 211,251,182 | |||||||||||||||
SHARES | COMPANY | |||||||||||||||
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.1% | ||||||||||||||||
8,330,743 | c | State Street Navigator Securities Lending Government Money Market Portfolio | 0.030 | 8,330,743 | ||||||||||||
TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES | 8,330,743 | |||||||||||||||
TOTAL SHORT-TERM INVESTMENTS | 804,838,716 | |||||||||||||||
(Cost $804,819,028) | ||||||||||||||||
TOTAL INVESTMENTS - 111.1% | 6,183,572,716 | |||||||||||||||
(Cost $6,109,018,648) | ||||||||||||||||
OTHER ASSETS & LIABILITIES, NET - (11.1)% | (618,748,679 | ) | ||||||||||||||
NET ASSETS - 100.0% | $ | 5,564,824,037 | ||||||||||||||
Abbreviation(s): | ||||||||||||||||
BRL | Brazilian Real | |||||||||||||||
CNY | Chinese Yuan | |||||||||||||||
DOP | Dominican Republic Peso | |||||||||||||||
EGP | Egyptian Pound | |||||||||||||||
EUR | Euro | |||||||||||||||
INR | Indian Rupee | |||||||||||||||
LIBOR | London Interbank Offered Rate | |||||||||||||||
M | Month | |||||||||||||||
MXN | Mexican Peso | |||||||||||||||
MYR | Malaysian Ringgit | |||||||||||||||
PEN | Peruvian Sol | |||||||||||||||
REIT | Real Estate Investment Trust | |||||||||||||||
RUB | Russian Ruble | |||||||||||||||
THB | Thai Baht | |||||||||||||||
UAH | Ukrainian Hryvnia | |||||||||||||||
UYU | Uruguayan Peso | |||||||||||||||
ZAR | South African Rand |
292 |
TIAA-CREF FUNDS - Core Plus Bond Fund
* | Non-income producing | ||
† | Security is categorized as Level 3 in the fair value hierarchy. | ||
‡ | Perpetual security | ||
c | Investments made with cash collateral received from securities on loan. | ||
e | All or a portion of these securities are out on loan. The aggregate value of securities on loan is $8,114,934. | ||
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 3/31/2021, the aggregate value of these securities is $1,607,242,614 or 28.9% 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. | ||
o | Payment in Kind Bond | ||
q | In default | ||
Forward foreign currency contracts outstanding as of March 31, 2021 were as follows:
Currency to be purchased | Receive | Currency to be sold | Deliver | Counterparty | Settlement date | Unrealized appreciation (depreciation) | ||||||||
$ | 1,901,294 | EUR | 1,560,290 | AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED | 04/22/21 | $ | 70,707 |
Abbreviation(s): | |||
EUR | Euro |
Centrally cleared credit default swap contracts outstanding as of March 31, 2021 were as follows:
PURCHASED
Reference entity | Terms of payments to be paid | Terms of payments to be received | Counterparty | Fixed rate payment frequency | Maturity date | Notional amount* | Value | Premiums paid (received) | Variation margin | Unrealized appreciation (depreciation) | ||||||||||||||
CDX-NAHYS36V1-5Y | 5.000% | Credit event as specified in contract | Citigroup Global Markets, Inc | Quarterly | 06/20/26 | 170,000,000 | $(15,398,071) | $(14,477,309) | $ | (754,217) | $ | (920,762 | ) | |||||||||||
* The maximum potential amount the Account 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 | Fixed rate payment frequency | Maturity date | Notional amount* | Value | Premiums paid (received) | Variation margin | Unrealized appreciation (depreciation) | ||||||||||||||
CDX-NAHYS36V1-5Y | Credit event as specified in contract | 5.000% | Citigroup Global Markets, Inc | Quarterly | 06/20/26 | $ 30,000,000 | $2,642,313 | $2,600,646 | $ | 41,667 | $ | 41,667 |
* | The maximum potential amount the Account 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. |
293 |
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, 2021
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
LONG-TERM MUNICIPAL BONDS - 97.3% | |||||||||||||||
ALABAMA - 2.3% | |||||||||||||||
$ | 500,000 | City of Birmingham AL | 5.000 | % | 12/01/29 | $ | 634,163 | ||||||||
500,000 | City of Birmingham AL | 5.000 | 12/01/30 | 632,231 | |||||||||||
630,000 | County of Mobile AL | 5.000 | 02/01/34 | 796,835 | |||||||||||
2,900,000 | Lower Alabama Gas District | 4.000 | 12/01/50 | 3,304,116 | |||||||||||
1,000,000 | University of South Alabama | 5.000 | 11/01/31 | 1,199,003 | |||||||||||
TOTAL ALABAMA | 6,566,348 | ||||||||||||||
ALASKA - 1.3% | |||||||||||||||
500,000 | Alaska Municipal Bond Bank Authority | 5.000 | 12/01/31 | 596,205 | |||||||||||
2,570,000 | Borough of Matanuska-Susitna AK | 5.000 | 09/01/25 | 2,985,839 | |||||||||||
TOTAL ALASKA | 3,582,044 | ||||||||||||||
ARIZONA - 0.9% | |||||||||||||||
2,000,000 | Chandler Industrial Development Authority | 5.000 | 06/01/49 | 2,270,680 | |||||||||||
190,000 | Pinal County Electric District No 3 | 5.000 | 07/01/33 | 227,476 | |||||||||||
TOTAL ARIZONA | 2,498,156 | ||||||||||||||
ARKANSAS - 0.5% | |||||||||||||||
1,000,000 | City of Fort Smith AR Water & Sewer Revenue | 5.000 | 10/01/32 | 1,266,551 | |||||||||||
TOTAL ARKANSAS | 1,266,551 | ||||||||||||||
CALIFORNIA - 4.2% | |||||||||||||||
1,090,000 | California County Tobacco Securitization Agency | 4.000 | 06/01/36 | 1,318,498 | |||||||||||
365,000 | California Educational Facilities Authority | 5.000 | 12/01/29 | 455,823 | |||||||||||
1,510,000 | California Health Facilities Financing Authority | 5.000 | 09/01/33 | 1,827,324 | |||||||||||
185,000 | California Municipal Finance Authority | 4.000 | 07/15/29 | 209,417 | |||||||||||
715,000 | g | California School Finance Authority | 5.000 | 08/01/25 | 839,373 | ||||||||||
225,000 | g | California Statewide Communities Development Authority | 5.000 | 12/01/28 | 273,383 | ||||||||||
2,000,000 | City of Los Angeles Department of Airports | 5.000 | 05/15/27 | 2,404,095 | |||||||||||
1,000,000 | City of Los Angeles Department of Airports | 5.000 | 05/15/36 | 1,289,690 | |||||||||||
450,000 | Palmdale Community Redevelopment Agency | 5.000 | 09/01/25 | 530,014 | |||||||||||
415,000 | Palmdale Community Redevelopment Agency | 5.000 | 09/01/31 | 492,560 | |||||||||||
750,000 | San Diego Public Facilities Financing Authority | 5.000 | 10/15/31 | 880,480 | |||||||||||
500,000 | Santee CDC Successor Agency | 5.000 | 08/01/27 | 605,159 | |||||||||||
TOTAL CALIFORNIA | 11,125,816 |
294 |
TIAA-CREF FUNDS - 5-15 Year Laddered Tax-Exempt Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
COLORADO - 1.3% | |||||||||||||||
$ | 1,500,000 | City & County of Denver CO Airport System Revenue | 5.000 | % | 11/15/30 | $ | 1,831,609 | ||||||||
250,000 | Colorado Health Facilities Authority | 5.000 | 12/01/41 | 287,594 | |||||||||||
310,000 | Denver Health & Hospital Authority | 5.000 | 12/01/28 | 392,155 | |||||||||||
1,000,000 | Interlocken Metropolitan District | 5.000 | 12/01/27 | 1,247,204 | |||||||||||
TOTAL COLORADO | 3,758,562 | ||||||||||||||
CONNECTICUT - 4.5% | |||||||||||||||
1,180,000 | Capital Region Development Authority | 5.000 | 06/15/29 | 1,435,062 | |||||||||||
765,000 | Capital Region Development Authority | 5.000 | 06/15/33 | 913,612 | |||||||||||
1,900,000 | City of Bridgeport CT | 5.000 | 06/01/34 | 2,391,655 | |||||||||||
495,000 | Connecticut State Health & Educational Facilities Authority | 5.000 | 07/01/27 | 608,463 | |||||||||||
630,000 | Connecticut State Health & Educational Facilities Authority | 5.000 | 07/01/29 | 744,197 | |||||||||||
330,000 | Connecticut State Health & Educational Facilities Authority | 5.000 | 07/01/30 | 386,681 | |||||||||||
350,000 | Connecticut State Health & Educational Facilities Authority | 5.000 | 07/01/32 | 418,202 | |||||||||||
350,000 | Connecticut State Health & Educational Facilities Authority | 5.000 | 07/01/33 | 416,928 | |||||||||||
300,000 | Connecticut State Higher Education Supplement Loan Authority | 5.000 | 11/15/25 | 353,251 | |||||||||||
250,000 | Connecticut State Higher Education Supplement Loan Authority | 5.000 | 11/15/26 | 300,807 | |||||||||||
500,000 | State of Connecticut Special Tax Revenue | 5.000 | 05/01/30 | 657,410 | |||||||||||
1,000,000 | State of Connecticut Special Tax Revenue | 5.000 | 05/01/34 | 1,279,871 | |||||||||||
2,000,000 | University of Connecticut | 5.000 | 03/15/28 | 2,398,731 | |||||||||||
TOTAL CONNECTICUT | 12,304,870 | ||||||||||||||
DISTRICT OF COLUMBIA - 0.4% | |||||||||||||||
955,000 | District of Columbia | 5.000 | 04/01/27 | 1,161,936 | |||||||||||
TOTAL DISTRICT OF COLUMBIA | 1,161,936 | ||||||||||||||
FLORIDA - 6.9% | |||||||||||||||
1,000,000 | Alachua County Health Facilities Authority | 5.000 | 12/01/31 | 1,271,734 | |||||||||||
250,000 | County of Broward FL Airport System Revenue | 5.000 | 10/01/27 | 309,642 | |||||||||||
250,000 | County of Broward FL Airport System Revenue | 5.000 | 10/01/28 | 307,152 | |||||||||||
1,500,000 | County of Miami-Dade FL Aviation Revenue | 4.000 | 10/01/36 | 1,773,165 | |||||||||||
3,000,000 | Escambia County Health Facilities Authority | 5.000 | 08/15/32 | 3,776,840 | |||||||||||
2,000,000 | g | Florida Development Finance Corp | 7.375 | 01/01/49 | 1,965,627 | ||||||||||
1,100,000 | Greater Orlando Aviation Authority | 5.000 | 10/01/26 | 1,338,108 | |||||||||||
175,000 | Hillsborough County Aviation Authority | 5.000 | 10/01/31 | 214,445 | |||||||||||
185,000 | Hillsborough County Aviation Authority | 5.000 | 10/01/32 | 225,158 | |||||||||||
190,000 | Hillsborough County Aviation Authority | 5.000 | 10/01/33 | 230,136 | |||||||||||
400,000 | Hillsborough County Port District | 5.000 | 06/01/29 | 492,521 | |||||||||||
1,000,000 | Hillsborough County Port District | 5.000 | 06/01/33 | 1,210,467 | |||||||||||
210,000 | Miami-Dade County Educational Facilities Authority | 5.000 | 04/01/28 | 261,318 | |||||||||||
1,375,000 | Miami-Dade County Expressway Authority | 5.000 | 07/01/31 | 1,650,862 | |||||||||||
500,000 | Pinellas County School Board | 4.000 | 07/01/36 | 594,605 |
295 |
TIAA-CREF FUNDS - 5-15 Year Laddered Tax-Exempt Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 2,180,000 | Port St. Lucie Community Redevelopment Agency | 5.000 | % | 01/01/26 | $ | 2,597,220 | ||||||||
500,000 | School District of Broward County | 5.000 | 07/01/31 | 598,902 | |||||||||||
75,000 | Volusia County Educational Facility Authority | 5.000 | 10/15/25 | 88,875 | |||||||||||
540,000 | Volusia County Educational Facility Authority | 5.000 | 10/15/32 | 655,559 | |||||||||||
TOTAL FLORIDA | 19,562,336 | ||||||||||||||
GEORGIA - 3.2% | |||||||||||||||
1,250,000 | Brookhaven Development Authority | 5.000 | 07/01/27 | 1,569,021 | |||||||||||
1,110,000 | Burke County Development Authority | 2.250 | 10/01/32 | 1,151,210 | |||||||||||
1,000,000 | Dahlonega Downtown Development Authority | 4.000 | 07/01/37 | 1,130,019 | |||||||||||
1,250,000 | Dahlonega Downtown Development Authority | 4.000 | 07/01/38 | 1,409,469 | |||||||||||
1,000,000 | Dahlonega Downtown Development Authority | 5.000 | 07/01/39 | 1,202,822 | |||||||||||
250,000 | Georgia Municipal Association, Inc | 5.000 | 12/01/30 | 312,759 | |||||||||||
1,000,000 | Glynn-Brunswick Memorial Hospital Authority | 5.000 | 08/01/47 | 1,148,484 | |||||||||||
1,020,000 | Main Street Natural Gas, Inc | 4.000 | 08/01/49 | 1,135,194 | |||||||||||
TOTAL GEORGIA | 9,058,978 | ||||||||||||||
GUAM - 0.2% | |||||||||||||||
200,000 | Port Authority of Guam | 5.000 | 07/01/29 | 240,543 | |||||||||||
200,000 | Port Authority of Guam | 5.000 | 07/01/30 | 239,492 | |||||||||||
TOTAL GUAM | 480,035 | ||||||||||||||
HAWAII - 1.4% | |||||||||||||||
1,275,000 | City & County of Honolulu HI | 5.000 | 09/01/27 | 1,608,700 | |||||||||||
1,000,000 | State of Hawaii Airports System Revenue | 5.000 | 07/01/29 | 1,242,327 | |||||||||||
1,000,000 | State of Hawaii Airports System Revenue | 5.000 | 07/01/41 | 1,145,395 | |||||||||||
TOTAL HAWAII | 3,996,422 | ||||||||||||||
ILLINOIS - 13.1% | |||||||||||||||
1,500,000 | Chicago Board of Education | 5.000 | 12/01/26 | 1,765,032 | |||||||||||
1,335,000 | Chicago Board of Education | 4.000 | 12/01/27 | 1,514,799 | |||||||||||
500,000 | Chicago Housing Authority | 5.000 | 01/01/33 | 594,003 | |||||||||||
2,000,000 | Chicago Midway International Airport | 5.000 | 01/01/26 | 2,369,475 | |||||||||||
400,000 | Chicago O’Hare International Airport | 5.000 | 01/01/22 | 413,894 | |||||||||||
750,000 | Chicago O’Hare International Airport | 5.000 | 01/01/25 | 866,395 | |||||||||||
300,000 | Chicago O’Hare International Airport | 5.000 | 01/01/28 | 361,662 | |||||||||||
1,000,000 | Chicago O’Hare International Airport | 5.000 | 01/01/32 | 1,145,627 | |||||||||||
3,250,000 | City of Chicago IL | 5.000 | 01/01/28 | 3,901,090 | |||||||||||
1,500,000 | City of Chicago IL Wastewater Transmission Revenue | 5.000 | 01/01/22 | 1,550,051 | |||||||||||
500,000 | City of Chicago IL Wastewater Transmission Revenue | 5.000 | 01/01/22 | 516,684 | |||||||||||
1,000,000 | City of Chicago IL Wastewater Transmission Revenue | 5.000 | 01/01/25 | 1,142,854 | |||||||||||
1,000,000 | City of Chicago IL Wastewater Transmission Revenue | 5.000 | 01/01/26 | 1,174,595 | |||||||||||
1,250,000 | City of Chicago IL, GO | 5.000 | 01/01/29 | 1,521,873 | |||||||||||
1,500,000 | City of Chicago IL, GO | 5.500 | 01/01/35 | 1,679,500 | |||||||||||
650,000 | City of Chicago IL, GO | 5.500 | 01/01/37 | 725,536 | |||||||||||
500,000 | City of Chicago IL, GO | 5.500 | 01/01/42 | 554,561 | |||||||||||
1,750,000 | County of Cook IL | 5.000 | 11/15/31 | 2,132,114 |
296 |
TIAA-CREF FUNDS - 5-15 Year Laddered Tax-Exempt Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 1,160,000 | County of Cook IL Sales Tax Revenue | 5.000 | % | 11/15/36 | $ | 1,494,504 | ||||||||
400,000 | Illinois Finance Authority | 5.000 | 05/01/21 | 401,280 | |||||||||||
500,000 | Illinois Finance Authority | 5.000 | 11/01/21 | 512,672 | |||||||||||
2,000,000 | Metropolitan Water Reclamation District of Greater Chicago | 5.000 | 12/01/30 | 2,460,519 | |||||||||||
1,500,000 | Sales Tax Securitization Corp | 5.000 | 01/01/30 | 1,822,226 | |||||||||||
2,000,000 | State of Illinois | 5.000 | 06/01/28 | 2,322,586 | |||||||||||
1,500,000 | State of Illinois | 5.000 | 03/01/37 | 1,822,797 | |||||||||||
250,000 | Village of Broadview IL | 5.000 | 12/01/28 | 316,899 | |||||||||||
200,000 | Village of Broadview IL | 5.000 | 12/01/29 | 252,541 | |||||||||||
545,000 | Village of Broadview IL | 5.000 | 12/01/30 | 685,003 | |||||||||||
745,000 | Village of Broadview IL | 5.000 | 12/01/33 | 929,717 | |||||||||||
TOTAL ILLINOIS | 36,950,489 | ||||||||||||||
INDIANA - 0.6% | |||||||||||||||
1,365,000 | City of Whiting IN | 5.000 | 12/01/44 | 1,656,900 | |||||||||||
TOTAL INDIANA | 1,656,900 | ||||||||||||||
IOWA - 0.2% | |||||||||||||||
475,000 | Iowa Higher Education Loan Authority | 5.000 | 10/01/27 | 595,402 | |||||||||||
TOTAL IOWA | 595,402 | ||||||||||||||
KENTUCKY - 1.9% | |||||||||||||||
2,000,000 | Kentucky Turnpike Authority | 5.000 | 07/01/26 | 2,423,993 | |||||||||||
1,250,000 | Paducah Electric Plant Board | 5.000 | 10/01/34 | 1,515,892 | |||||||||||
1,250,000 | Paducah Electric Plant Board | 5.000 | 10/01/35 | 1,512,951 | |||||||||||
TOTAL KENTUCKY | 5,452,836 | ||||||||||||||
LOUISIANA - 1.7% | |||||||||||||||
480,000 | City of New Orleans LA Sewerage Service Revenue | 4.000 | 06/01/36 | 563,100 | |||||||||||
750,000 | Louisiana Local Government Environmental Facilities & Community Development Authority | 5.000 | 10/01/27 | 926,814 | |||||||||||
500,000 | New Orleans Aviation Board | 5.000 | 10/01/33 | 627,789 | |||||||||||
1,250,000 | St. Tammany Parish Hospital Service District No | 5.000 | 07/01/33 | 1,538,357 | |||||||||||
1,000,000 | State of Louisiana | 5.000 | 08/01/26 | 1,224,039 | |||||||||||
TOTAL LOUISIANA | 4,880,099 | ||||||||||||||
MAINE - 0.2% | |||||||||||||||
750,000 | †,g,q | Finance Authority of Maine | 5.375 | 12/15/33 | 412,500 | ||||||||||
TOTAL MAINE | 412,500 | ||||||||||||||
MARYLAND - 0.8% | |||||||||||||||
2,000,000 | County of Baltimore MD | 4.000 | 01/01/29 | 2,285,133 | |||||||||||
TOTAL MARYLAND | 2,285,133 |
297 |
TIAA-CREF FUNDS - 5-15 Year Laddered Tax-Exempt Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
MASSACHUSETTS - 1.2% | |||||||||||||||
$ | 500,000 | Massachusetts Development Finance Agency | 5.000 | % | 12/01/29 | $ | 604,759 | ||||||||
2,100,000 | University of Massachusetts Building Authority | 5.000 | 11/01/29 | 2,778,073 | |||||||||||
TOTAL MASSACHUSETTS | 3,382,832 | ||||||||||||||
MICHIGAN - 4.1% | |||||||||||||||
500,000 | Charlotte Public School District | 4.000 | 05/01/36 | 609,973 | |||||||||||
2,000,000 | Michigan Finance Authority | 5.000 | 04/01/25 | 2,310,673 | |||||||||||
2,000,000 | Michigan Finance Authority | 5.000 | 11/15/28 | 2,446,507 | |||||||||||
1,650,000 | Michigan Finance Authority | 5.000 | 07/01/44 | 1,749,861 | |||||||||||
1,750,000 | State of Michigan Trunk Line Revenue | 5.000 | 11/15/30 | 2,352,407 | |||||||||||
385,000 | Wayne County Airport Authority | 5.000 | 12/01/29 | 486,512 | |||||||||||
1,250,000 | Wayne County Airport Authority | 5.000 | 12/01/29 | 1,555,933 | |||||||||||
TOTAL MICHIGAN | 11,511,866 | ||||||||||||||
MINNESOTA - 0.9% | |||||||||||||||
1,055,000 | City of Minneapolis MN | 5.000 | 11/15/33 | 1,305,880 | |||||||||||
70,000 | Duluth Economic Development Authority | 5.000 | 02/15/33 | 84,846 | |||||||||||
500,000 | Northern Municipal Power Agency | 5.000 | 01/01/26 | 597,491 | |||||||||||
500,000 | Northern Municipal Power Agency | 5.000 | 01/01/28 | 593,134 | |||||||||||
TOTAL MINNESOTA | 2,581,351 | ||||||||||||||
MISSISSIPPI - 1.8% | |||||||||||||||
1,250,000 | Mississippi Development Bank | 5.000 | 03/01/25 | 1,458,592 | |||||||||||
1,045,000 | Mississippi Development Bank | 5.000 | 03/01/26 | 1,257,686 | |||||||||||
1,000,000 | Mississippi Development Bank | 5.000 | 06/01/27 | 1,251,961 | |||||||||||
1,000,000 | Mississippi Development Bank | 5.000 | 03/01/35 | 1,162,341 | |||||||||||
TOTAL MISSISSIPPI | 5,130,580 | ||||||||||||||
MISSOURI - 2.4% | |||||||||||||||
1,225,000 | City of Kansas City MO | 5.000 | 10/01/26 | 1,459,530 | |||||||||||
1,000,000 | City of St. Louis MO Parking Revenue | 5.000 | 12/15/25 | 1,202,618 | |||||||||||
1,000,000 | City of St. Louis MO Parking Revenue | 5.000 | 12/15/26 | 1,196,728 | |||||||||||
900,000 | Health & Educational Facilities Authority of the State of Missouri | 5.000 | 02/15/28 | 1,130,602 | |||||||||||
1,745,000 | St. Louis Municipal Finance Corp | 5.000 | 02/15/26 | 2,092,719 | |||||||||||
TOTAL MISSOURI | 7,082,197 | ||||||||||||||
NEBRASKA - 0.1% | |||||||||||||||
250,000 | Omaha Airport Authority | 5.000 | 12/15/22 | 269,621 | |||||||||||
TOTAL NEBRASKA | 269,621 | ||||||||||||||
NEVADA - 0.4% | |||||||||||||||
1,000,000 | Las Vegas Redevelopment Agency | 5.000 | 06/15/26 | 1,180,379 | |||||||||||
TOTAL NEVADA | 1,180,379 |
298 |
TIAA-CREF FUNDS - 5-15 Year Laddered Tax-Exempt Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
NEW JERSEY - 5.1% | |||||||||||||||
$ | 350,000 | h | Gloucester County Improvement Authority | 5.000 | % | 07/01/34 | $ | 445,598 | |||||||
1,000,000 | New Jersey Economic Development Authority | 5.000 | 06/15/27 | 1,225,147 | |||||||||||
2,500,000 | New Jersey Economic Development Authority | 5.000 | 11/01/35 | 3,060,606 | |||||||||||
1,000,000 | New Jersey Educational Facilities Authority | 5.000 | 07/01/27 | 1,202,053 | |||||||||||
1,000,000 | New Jersey Transportation Trust Fund Authority | 5.000 | 06/15/29 | 1,175,087 | |||||||||||
765,000 | New Jersey Transportation Trust Fund Authority | 5.000 | 12/15/33 | 935,533 | |||||||||||
4,000,000 | New Jersey Transportation Trust Fund Authority | 5.000 | 06/15/34 | 4,884,538 | |||||||||||
1,000,000 | New Jersey Transportation Trust Fund Authority | 4.000 | 06/15/36 | 1,143,887 | |||||||||||
500,000 | South Jersey Port Corp | 5.000 | 01/01/48 | 569,196 | |||||||||||
TOTAL NEW JERSEY | 14,641,645 | ||||||||||||||
NEW YORK - 7.1% | |||||||||||||||
1,000,000 | Brooklyn Arena Local Development Corp | 5.000 | 07/15/26 | 1,198,287 | |||||||||||
1,000,000 | Metropolitan Transportation Authority | 5.000 | 11/15/25 | 1,182,782 | |||||||||||
1,250,000 | Metropolitan Transportation Authority | 5.000 | 11/15/50 | 1,498,981 | |||||||||||
160,000 | New York City Industrial Development Agency | 3.000 | 01/01/46 | 165,649 | |||||||||||
1,750,000 | New York State Dormitory Authority | 5.000 | 07/01/33 | 2,112,838 | |||||||||||
1,000,000 | New York State Urban Development Corp | 5.000 | 03/15/35 | 1,286,656 | |||||||||||
375,000 | New York Transportation Development Corp | 5.000 | 07/01/30 | 424,990 | |||||||||||
1,080,000 | New York Transportation Development Corp | 4.000 | 10/01/30 | 1,251,668 | |||||||||||
1,000,000 | New York Transportation Development Corp | 5.000 | 08/01/31 | 1,013,180 | |||||||||||
715,000 | New York Transportation Development Corp | 5.000 | 01/01/36 | 846,300 | |||||||||||
505,000 | New York Transportation Development Corp | 5.000 | 12/01/36 | 622,827 | |||||||||||
635,000 | New York Transportation Development Corp | 5.000 | 12/01/36 | 783,159 | |||||||||||
1,500,000 | Port Authority of New York & New Jersey | 5.000 | 07/15/31 | 1,931,957 | |||||||||||
1,000,000 | Port Authority of New York & New Jersey | 4.000 | 11/01/34 | 1,166,293 | |||||||||||
1,000,000 | Port Authority of New York & New Jersey | 5.000 | 11/01/35 | 1,246,808 | |||||||||||
1,625,000 | Port Authority of New York & New Jersey | 4.000 | 07/15/36 | 1,901,843 | |||||||||||
1,000,000 | Westchester County Local Development Corp | 5.000 | 11/01/25 | 1,162,143 | |||||||||||
TOTAL NEW YORK | 19,796,361 | ||||||||||||||
NORTH CAROLINA - 2.2% | |||||||||||||||
1,355,000 | County of Duplin NC | 5.000 | 04/01/27 | 1,618,471 | |||||||||||
1,000,000 | North Carolina Capital Facilities Finance Agency | 5.000 | 05/01/31 | 1,310,855 | |||||||||||
1,000,000 | North Carolina Medical Care Commission | 5.000 | 12/01/26 | 1,219,744 | |||||||||||
210,000 | North Carolina Medical Care Commission | 4.000 | 02/01/36 | 253,264 | |||||||||||
255,000 | North Carolina Medical Care Commission | 3.000 | 07/01/36 | 268,805 | |||||||||||
200,000 | North Carolina Turnpike Authority | 5.000 | 01/01/22 | 206,552 | |||||||||||
1,000,000 | The Charlotte-Mecklenburg Hospital Authority | 5.000 | 01/15/26 | 1,193,240 | |||||||||||
TOTAL NORTH CAROLINA | 6,070,931 | ||||||||||||||
NORTH DAKOTA - 0.4% | |||||||||||||||
1,000,000 | North Dakota Housing Finance Agency | 2.400 | 01/01/26 | 1,055,877 | |||||||||||
TOTAL NORTH DAKOTA | 1,055,877 |
299 |
TIAA-CREF FUNDS - 5-15 Year Laddered Tax-Exempt Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
OHIO - 2.8% | |||||||||||||||
$ | 1,000,000 | American Municipal Power, Inc | 5.000 | % | 02/15/34 | $ | 1,248,992 | ||||||||
1,000,000 | City of Cleveland OH Airport System Revenue | 5.000 | 01/01/27 | 1,212,301 | |||||||||||
200,000 | City of Cleveland OH Income Tax Revenue | 5.000 | 10/01/27 | 249,270 | |||||||||||
250,000 | City of Cleveland OH Income Tax Revenue | 5.000 | 10/01/28 | 312,684 | |||||||||||
240,000 | City of Toledo OH | 4.000 | 12/01/29 | 285,313 | |||||||||||
250,000 | City of Toledo OH | 4.000 | 12/01/30 | 295,426 | |||||||||||
200,000 | City of Toledo OH | 4.000 | 12/01/31 | 235,365 | |||||||||||
1,500,000 | County of Miami OH | 5.000 | 08/01/32 | 1,869,846 | |||||||||||
725,000 | County of Montgomery OH | 5.000 | 08/01/36 | 938,589 | |||||||||||
300,000 | Lebanon City School District | 3.000 | 12/01/36 | 329,477 | |||||||||||
700,000 | Miami University | 5.000 | 09/01/28 | 896,380 | |||||||||||
175,000 | State of Ohio | 5.000 | 01/15/35 | 221,965 | |||||||||||
TOTAL OHIO | 8,095,608 | ||||||||||||||
OKLAHOMA - 0.9% | |||||||||||||||
750,000 | Oklahoma Development Finance Authority | 5.000 | 08/15/28 | 924,847 | |||||||||||
1,500,000 | Oklahoma Development Finance Authority | 5.250 | 08/15/48 | 1,794,295 | |||||||||||
TOTAL OKLAHOMA | 2,719,142 | ||||||||||||||
OREGON - 1.0% | |||||||||||||||
3,000,000 | †,g,q | Oregon State Business Development Commission | 6.500 | 04/01/31 | 960,000 | ||||||||||
1,000,000 | †,q | Oregon State Business Development Commission | 11.500 | 04/01/31 | 320,000 | ||||||||||
625,000 | †,g | Oregon State Business Development Commission | 0.000 | 04/01/37 | 199,860 | ||||||||||
1,000,000 | Tri-County Metropolitan Transportation District of Oregon | 5.000 | 10/01/28 | 1,254,539 | |||||||||||
TOTAL OREGON | 2,734,399 | ||||||||||||||
PENNSYLVANIA - 3.6% | |||||||||||||||
1,100,000 | Allegheny County Higher Education Building Authority | 5.000 | 03/01/29 | 1,301,536 | |||||||||||
480,000 | Borough of Columbia PA | 4.000 | 06/15/38 | 502,281 | |||||||||||
1,000,000 | City of Philadelphia PA | 5.000 | 08/01/26 | 1,218,193 | |||||||||||
740,000 | Coatesville School District | 5.000 | 08/01/25 | 875,980 | |||||||||||
500,000 | Lancaster County Career & Technology Center Authority | 4.000 | 02/01/25 | 559,061 | |||||||||||
500,000 | Lancaster County Career & Technology Center Authority | 4.000 | 02/01/26 | 570,270 | |||||||||||
670,000 | Lancaster County Career & Technology Center Authority | 4.000 | 02/01/30 | 777,567 | |||||||||||
500,000 | h | Pennsylvania Economic Development Financing Authority | 5.000 | 10/15/34 | 658,725 | ||||||||||
415,000 | Pittsburgh Water & Sewer Authority | 5.000 | 09/01/27 | 517,740 | |||||||||||
1,500,000 | School District of the City of Erie | 5.000 | 04/01/28 | 1,877,919 | |||||||||||
915,000 | Township of Northampton PA | 4.000 | 05/15/33 | 1,042,655 | |||||||||||
TOTAL PENNSYLVANIA | 9,901,927 |
300 |
TIAA-CREF FUNDS - 5-15 Year Laddered Tax-Exempt Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
RHODE ISLAND - 0.4% | |||||||||||||||
$ | 825,000 | Rhode Island Commerce Corp | 5.000 | % | 06/15/27 | $ | 1,015,883 | ||||||||
TOTAL RHODE ISLAND | 1,015,883 | ||||||||||||||
SOUTH CAROLINA - 0.9% | |||||||||||||||
265,000 | City of Rock Hill SC Combined Utility System Revenue | 5.000 | 01/01/27 | 325,391 | |||||||||||
170,000 | City of Rock Hill SC Combined Utility System Revenue | 5.000 | 01/01/28 | 213,648 | |||||||||||
265,000 | City of Rock Hill SC Combined Utility System Revenue | 5.000 | 01/01/29 | 339,743 | |||||||||||
500,000 | South Carolina Public Service Authority | 4.000 | 12/01/37 | 589,129 | |||||||||||
890,000 | South Carolina Public Service Authority | 4.000 | 12/01/40 | 1,039,440 | |||||||||||
TOTAL SOUTH CAROLINA | 2,507,351 | ||||||||||||||
TENNESSEE - 1.3% | |||||||||||||||
2,305,000 | Metropolitan Nashville Airport Authority | 5.000 | 07/01/35 | 2,889,010 | |||||||||||
755,000 | Tennessee Energy Acquisition Corp | 4.000 | 11/01/49 | 856,558 | |||||||||||
TOTAL TENNESSEE | 3,745,568 | ||||||||||||||
TEXAS - 10.4% | |||||||||||||||
350,000 | Atascosa County Industrial Development Corp | 5.000 | 12/15/28 | 418,451 | |||||||||||
350,000 | Atascosa County Industrial Development Corp | 5.000 | 12/15/29 | 421,737 | |||||||||||
400,000 | Atascosa County Industrial Development Corp | 5.000 | 12/15/30 | 485,857 | |||||||||||
1,100,000 | Central Texas Regional Mobility Authority | 5.000 | 01/01/27 | 1,343,789 | |||||||||||
1,210,000 | Central Texas Regional Mobility Authority | 5.000 | 01/01/29 | 1,500,933 | |||||||||||
750,000 | Central Texas Regional Mobility Authority | 4.000 | 01/01/36 | 881,654 | |||||||||||
400,000 | City of Austin TX Airport System Revenue | 5.000 | 11/15/27 | 489,103 | |||||||||||
900,000 | City of Austin TX Airport System Revenue | 5.000 | 11/15/39 | 1,023,177 | |||||||||||
1,000,000 | City of El Paso TX | 4.000 | 08/15/35 | 1,197,448 | |||||||||||
2,000,000 | City of El Paso TX Airport Revenue | 5.000 | 08/15/28 | 2,497,708 | |||||||||||
1,970,000 | City of Houston TX | 5.000 | 03/01/32 | 2,404,817 | |||||||||||
4,000,000 | City of Houston TX Combined Utility System Revenue | 5.000 | 11/15/29 | 5,291,304 | |||||||||||
500,000 | County of Galveston TX | 4.000 | 02/01/38 | 565,544 | |||||||||||
550,000 | Dallas County Utility & Reclamation District | 5.000 | 02/15/26 | 656,117 | |||||||||||
150,000 | Harris County Toll Road Authority | 4.000 | 08/15/36 | 181,790 | |||||||||||
1,000,000 | North Texas Tollway Authority | 5.000 | 01/01/30 | 1,246,619 | |||||||||||
420,000 | Port Freeport TX | 5.000 | 06/01/28 | 515,249 | |||||||||||
825,000 | Port Freeport TX | 5.000 | 06/01/29 | 1,003,981 | |||||||||||
865,000 | Port Freeport TX | 5.000 | 06/01/30 | 1,049,757 | |||||||||||
935,000 | Port Freeport TX | 5.000 | 06/01/32 | 1,125,945 | |||||||||||
2,500,000 | Texas Private Activity Bond Surface Transportation Corp | 5.000 | 12/31/35 | 3,114,835 | |||||||||||
1,000,000 | University of North Texas | 5.000 | 04/15/27 | 1,246,629 | |||||||||||
TOTAL TEXAS | 28,662,444 | ||||||||||||||
UTAH - 1.0% | |||||||||||||||
475,000 | Salt Lake City Corp Airport Revenue | 5.000 | 07/01/31 | 587,945 | |||||||||||
1,000,000 | Salt Lake City Corp Airport Revenue | 5.000 | 07/01/32 | 1,229,590 | |||||||||||
1,000,000 | Salt Lake City Corp Airport Revenue | 5.000 | 07/01/33 | 1,225,325 | |||||||||||
TOTAL UTAH | 3,042,860 |
301 |
TIAA-CREF FUNDS - 5-15 Year Laddered Tax-Exempt Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
VIRGIN ISLANDS - 1.8% | |||||||||||||||
$ | 2,000,000 | g | Virgin Islands Public Finance Authority | 5.000 | % | 09/01/25 | $ | 2,282,945 | |||||||
2,500,000 | g | Virgin Islands Public Finance Authority | 5.000 | 09/01/33 | 2,766,883 | ||||||||||
TOTAL VIRGIN ISLANDS | 5,049,828 | ||||||||||||||
WASHINGTON - 0.6% | |||||||||||||||
500,000 | Klickitat County Public Utility District No | 5.000 | 12/01/27 | 630,915 | |||||||||||
1,000,000 | Pend Oreille County Public Utility District No Box Canyon | 5.000 | 01/01/29 | 1,157,072 | |||||||||||
TOTAL WASHINGTON | 1,787,987 | ||||||||||||||
WEST VIRGINIA - 1.3% | |||||||||||||||
1,000,000 | West Virginia Higher Education Policy Commission | 5.000 | 07/01/27 | 1,253,141 | |||||||||||
750,000 | West Virginia Hospital Finance Authority | 5.000 | 01/01/29 | 948,861 | |||||||||||
1,215,000 | West Virginia Hospital Finance Authority | 5.000 | 01/01/30 | 1,519,391 | |||||||||||
TOTAL WEST VIRGINIA | 3,721,393 | ||||||||||||||
TOTAL LONG-TERM MUNICIPAL BONDS | 273,283,443 | ||||||||||||||
(Cost $260,300,066) | |||||||||||||||
TOTAL INVESTMENTS - 97.3% | 273,283,443 | ||||||||||||||
(Cost $260,300,066) | |||||||||||||||
OTHER ASSETS & LIABILITIES, NET - 2.7% | 7,499,945 | ||||||||||||||
NET ASSETS - 100.0% | $ | 280,783,388 |
Abbreviation(s): | |||
GO | General Obligation | ||
† | 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 3/31/2021, the aggregate value of these securities is $9,700,571 or 3.5% of net assets. | ||
h | All or a portion of these securities were purchased on a delayed delivery basis. | ||
q | In default |
302 |
TIAA-CREF FUNDS - Green Bond Fund
TIAA-CREF FUNDS
GREEN BOND FUND
SCHEDULE OF INVESTMENTS
March 31, 2021
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
BANK LOAN OBLIGATIONS - 1.0% | |||||||||||||||||
UTILITIES - 1.0% | |||||||||||||||||
$ | 498,750 | i | Exgen Renewables IV LLC | LIBOR 3 M + 2.750% | 3.750 | % | 12/15/27 | $ | 498,960 | ||||||||
TOTAL UTILITIES | 498,960 | ||||||||||||||||
TOTAL BANK LOAN OBLIGATIONS | 498,960 | ||||||||||||||||
(Cost $496,338) | |||||||||||||||||
BONDS - 93.6% | |||||||||||||||||
CORPORATE BONDS - 44.9% | |||||||||||||||||
AUTOMOBILES & COMPONENTS - 0.7% | |||||||||||||||||
350,000 | g | Hyundai Capital Services, Inc | 1.250 | 02/08/26 | 341,329 | ||||||||||||
TOTAL AUTOMOBILES & COMPONENTS | 341,329 | ||||||||||||||||
BANKS - 6.1% | |||||||||||||||||
250,000 | Bank of America Corp | 0.981 | 09/25/25 | 249,350 | |||||||||||||
475,000 | Bank of America Corp | 2.456 | 10/22/25 | 497,890 | |||||||||||||
500,000 | Citigroup, Inc | 1.678 | 05/15/24 | 510,185 | |||||||||||||
250,000 | Citigroup, Inc | 0.776 | 10/30/24 | 249,830 | |||||||||||||
250,000 | First Abu Dhabi Bank PJSC | 3.000 | 03/30/22 | 255,905 | |||||||||||||
450,000 | g | ING Groep NV | 1.400 | 07/01/26 | 447,678 | ||||||||||||
250,000 | g | Itau Unibanco Holding S.A. | 3.875 | 04/15/31 | 242,500 | ||||||||||||
250,000 | Royal Bank of Scotland Group plc | 2.359 | 05/22/24 | 257,932 | |||||||||||||
200,000 | g | Shinhan Financial Group Co Ltd | 3.340 | 02/05/30 | 208,804 | ||||||||||||
200,000 | g | Standard Chartered plc | 1.214 | 03/23/25 | 200,341 | ||||||||||||
TOTAL BANKS | 3,120,415 | ||||||||||||||||
CAPITAL GOODS - 1.2% | |||||||||||||||||
250,000 | Johnson Controls International plc | 1.750 | 09/15/30 | 234,470 | |||||||||||||
225,000 | Xylem, Inc | 1.950 | 01/30/28 | 224,626 | |||||||||||||
150,000 | Xylem, Inc | 2.250 | 01/30/31 | 147,181 | |||||||||||||
TOTAL CAPITAL GOODS | 606,277 | ||||||||||||||||
CONSUMER SERVICES - 2.0% | |||||||||||||||||
250,000 | Conservation Fund | 3.474 | 12/15/29 | 259,350 | |||||||||||||
260,000 | i | Nature Conservancy | LIBOR 3 M + 1.080% | 1.285 | 02/01/24 | 260,801 | |||||||||||
500,000 | Nature Conservancy | 1.511 | 07/01/29 | 472,928 | |||||||||||||
TOTAL CONSUMER SERVICES | 993,079 | ||||||||||||||||
DIVERSIFIED FINANCIALS - 0.3% | |||||||||||||||||
125,000 | g | Starwood Property Trust, Inc | 5.500 | 11/01/23 | 130,625 | ||||||||||||
TOTAL DIVERSIFIED FINANCIALS | 130,625 |
303 |
TIAA-CREF FUNDS - Green Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
FOOD & STAPLES RETAILING - 0.5% | |||||||||||||||
$ | 250,000 | SYSCO Corp | 2.400 | % | 02/15/30 | $ | 248,234 | ||||||||
TOTAL FOOD & STAPLES RETAILING | 248,234 | ||||||||||||||
FOOD, BEVERAGE & TOBACCO - 1.0% | |||||||||||||||
250,000 | g | NBM US Holdings, Inc | 6.625 | 08/06/29 | 274,951 | ||||||||||
250,000 | PepsiCo, Inc | 2.875 | 10/15/49 | 241,953 | |||||||||||
TOTAL FOOD, BEVERAGE & TOBACCO | 516,904 | ||||||||||||||
HEALTH CARE EQUIPMENT & SERVICES - 1.4% | |||||||||||||||
650,000 | Kaiser Foundation Hospitals | 3.150 | 05/01/27 | 709,210 | |||||||||||
TOTAL HEALTH CARE EQUIPMENT & SERVICES | 709,210 | ||||||||||||||
MATERIALS - 2.8% | |||||||||||||||
250,000 | g | Celulosa Arauco y Constitucion S.A. | 5.150 | 01/29/50 | 278,811 | ||||||||||
525,000 | g | Inversiones CMPC S.A. | 4.375 | 04/04/27 | 577,348 | ||||||||||
500,000 | g | LG Chem Ltd | 3.625 | 04/15/29 | 541,212 | ||||||||||
TOTAL MATERIALS | 1,397,371 | ||||||||||||||
MEDIA & ENTERTAINMENT - 1.9% | |||||||||||||||
250,000 | g | Continuum Energy Levanter Pte Ltd | 4.500 | 02/09/27 | 255,625 | ||||||||||
500,000 | g | Liberty Utilities Finance GP | 2.050 | 09/15/30 | 468,463 | ||||||||||
260,000 | Smithsonian Institution | 2.645 | 09/01/39 | 248,177 | |||||||||||
TOTAL MEDIA & ENTERTAINMENT | 972,265 | ||||||||||||||
REAL ESTATE - 3.5% | |||||||||||||||
250,000 | Equinix, Inc | 1.000 | 09/15/25 | 245,485 | |||||||||||
300,000 | Federal Realty Investment Trust | 1.250 | 02/15/26 | 296,226 | |||||||||||
275,000 | g | HAT Holdings I LLC | 5.250 | 07/15/24 | 283,938 | ||||||||||
250,000 | g | HAT Holdings I LLC | 6.000 | 04/15/25 | 263,750 | ||||||||||
250,000 | g | HAT Holdings I LLC | 3.750 | 09/15/30 | 240,625 | ||||||||||
250,000 | Kilroy Realty LP | 2.500 | 11/15/32 | 234,783 | |||||||||||
250,000 | UDR, Inc | 1.900 | 03/15/33 | 225,400 | |||||||||||
TOTAL REAL ESTATE | 1,790,207 | ||||||||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 1.0% | |||||||||||||||
250,000 | g | NXP BV | 3.400 | 05/01/30 | 263,988 | ||||||||||
275,000 | g | SK Hynix, Inc | 2.375 | 01/19/31 | 260,039 | ||||||||||
TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | 524,027 | ||||||||||||||
SOFTWARE & SERVICES - 0.6% | |||||||||||||||
300,000 | Mastercard, Inc | 1.900 | 03/15/31 | 294,879 | |||||||||||
TOTAL SOFTWARE & SERVICES | 294,879 | ||||||||||||||
TECHNOLOGY HARDWARE & EQUIPMENT - 1.1% | |||||||||||||||
500,000 | Apple, Inc | 3.000 | 06/20/27 | 542,495 | |||||||||||
TOTAL TECHNOLOGY HARDWARE & EQUIPMENT | 542,495 | ||||||||||||||
UTILITIES - 20.8% | |||||||||||||||
300,000 | g | AES Corp | 1.375 | 01/15/26 | 292,393 | ||||||||||
350,000 | g | AES Corp | 2.450 | 01/15/31 | 334,629 | ||||||||||
250,000 | g | AES Gener S.A. | 6.350 | 10/07/79 | 267,812 | ||||||||||
600,000 | Avangrid, Inc | 3.200 | 04/15/25 | 642,389 | |||||||||||
500,000 | g | Azure Power Energy Ltd | 5.500 | 11/03/22 | 510,002 |
304 |
TIAA-CREF FUNDS - Green Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||
$ | 300,000 | g | Clearway Energy Operating LLC | 4.750 | % | 03/15/28 | $ | 312,117 | |||||||
225,000 | g | Clearway Energy Operating LLC | 3.750 | 02/15/31 | 215,860 | ||||||||||
215,000 | g | Consorcio Transmantaro SA | 4.700 | 04/16/34 | 242,683 | ||||||||||
500,000 | Duke Energy Florida LLC | 2.500 | 12/01/29 | 509,892 | |||||||||||
250,000 | g | EDP Finance BV | 1.710 | 01/24/28 | 240,983 | ||||||||||
250,000 | g | Electricite de France S.A. | 3.625 | 10/13/25 | 271,616 | ||||||||||
500,000 | Georgia Power Co | 3.250 | 04/01/26 | 540,402 | |||||||||||
250,000 | g | Hanwha Energy USA Holdings Corp | 2.375 | 07/30/22 | 255,791 | ||||||||||
250,000 | Interstate Power & Light Co | 3.500 | 09/30/49 | 246,123 | |||||||||||
250,000 | MidAmerican Energy Co | 3.100 | 05/01/27 | 270,940 | |||||||||||
600,000 | MidAmerican Energy Co | 3.650 | 08/01/48 | 634,494 | |||||||||||
550,000 | g | Niagara Mohawk Power Corp | 1.960 | 06/27/30 | 525,653 | ||||||||||
250,000 | NorthWestern Corp | 4.176 | 11/15/44 | 276,469 | |||||||||||
100,000 | g | Pattern Energy Operations LP | 4.500 | 08/15/28 | 101,625 | ||||||||||
529,000 | Public Service Co of Colorado | 3.700 | 06/15/28 | 585,148 | |||||||||||
200,000 | Public Service Co of Colorado | 4.100 | 06/15/48 | 226,489 | |||||||||||
250,000 | Public Service Co of Colorado | 3.200 | 03/01/50 | 250,527 | |||||||||||
229,000 | Southern Power Co | 2.500 | 12/15/21 | 232,008 | |||||||||||
500,000 | Southwestern Public Service Co | 3.150 | 05/01/50 | 486,792 | |||||||||||
226,750 | g | Star Energy Geothermal Wayang Windu Ltd | 6.750 | 04/24/33 | 255,094 | ||||||||||
357,710 | g | Topaz Solar Farms LLC | 4.875 | 09/30/39 | 388,706 | ||||||||||
275,000 | Tucson Electric Power Co | 1.500 | 08/01/30 | 254,699 | |||||||||||
200,000 | g | UEP Penonome II S.A. | 6.500 | 10/01/38 | 201,502 | ||||||||||
250,000 | Union Electric Co | 2.625 | 03/15/51 | 221,136 | |||||||||||
750,000 | Westar Energy, Inc | 2.550 | 07/01/26 | 785,843 | |||||||||||
TOTAL UTILITIES | 10,579,817 | ||||||||||||||
TOTAL CORPORATE BONDS | 22,767,134 | ||||||||||||||
(Cost $22,371,567) | |||||||||||||||
GOVERNMENT BONDS - 27.9% | |||||||||||||||
AGENCY SECURITIES - 2.9% | |||||||||||||||
245,058 | Overseas Private Investment Corp (OPIC) | 1.790 | 10/15/29 | 257,745 | |||||||||||
245,058 | OPIC | 2.360 | 10/15/29 | 264,088 | |||||||||||
245,058 | United States International Development Finance Corp | 1.050 | 10/15/29 | 249,511 | |||||||||||
500,000 | United States International Development Finance Corp | 1.610 | 07/15/38 | 482,535 | |||||||||||
250,000 | - - | 1.630 | 07/15/38 | 241,766 | |||||||||||
TOTAL AGENCY SECURITIES | 1,495,645 | ||||||||||||||
FOREIGN GOVERNMENT BONDS - 14.4% | |||||||||||||||
625,000 | African Development Bank | 3.000 | 12/06/21 | 636,941 | |||||||||||
500,000 | Asian Development Bank | 1.875 | 08/10/22 | 511,353 | |||||||||||
579,000 | Asian Development Bank | 1.750 | 08/14/26 | 598,871 | |||||||||||
750,000 | Asian Development Bank | 3.125 | 09/26/28 | 831,078 | |||||||||||
250,000 | Chile Government International Bond | 3.500 | 01/25/50 | 254,237 | |||||||||||
200,000 | g | Egypt Government International Bond | 5.250 | 10/06/25 | 206,518 | ||||||||||
250,000 | European Bank for Reconstruction & Development | 1.625 | 09/27/24 | 259,001 | |||||||||||
250,000 | European Investment Bank | 0.625 | 10/21/27 | 238,160 | |||||||||||
250,000 | European Investment Bank | 1.625 | 10/09/29 | 248,914 | |||||||||||
1,500,000 | European Investment Bank | 0.750 | 09/23/30 | 1,361,676 | |||||||||||
500,000 | International Bank for Reconstruction & Development | 2.125 | 03/03/25 | 527,541 | |||||||||||
500,000 | International Bank for Reconstruction & Development | 3.125 | 11/20/25 | 549,475 | |||||||||||
235,000 | g | Korea Electric Power Corp | 1.125 | 06/15/25 | 233,328 |
305 |
TIAA-CREF FUNDS - Green Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 250,000 | North American Development Bank | 2.400 | % | 10/26/22 | $ | 256,841 | ||||||||||
300,000 | g | Perusahaan Penerbit SBSN Indonesia III | 3.750 | 03/01/23 | 315,924 | ||||||||||||
250,000 | g | Perusahaan Penerbit SBSN Indonesia III | 3.900 | 08/20/24 | 270,888 | ||||||||||||
TOTAL FOREIGN GOVERNMENT BONDS | 7,300,746 | ||||||||||||||||
MUNICIPAL BONDS - 10.6% | |||||||||||||||||
180,000 | g | California Municipal Finance Authority | 6.375 | 11/15/48 | 180,369 | ||||||||||||
300,000 | City of Cleveland OH Income Tax Revenue | 3.072 | 10/01/41 | 282,732 | |||||||||||||
600,000 | Grant County Public Utility District No 2 | 1.544 | 01/01/23 | 613,172 | |||||||||||||
250,000 | Grant County Public Utility District No 2 | 3.210 | 01/01/40 | 261,418 | |||||||||||||
235,000 | Great Lakes Water Authority Sewage Disposal System Revenue | 3.056 | 07/01/39 | 239,248 | |||||||||||||
100,000 | Klickitat County Public Utilities | 3.688 | 12/01/38 | 102,843 | |||||||||||||
500,000 | Metropolitan Transportation Authority | 5.175 | 11/15/49 | 619,346 | |||||||||||||
210,000 | Mount Shasta Public Financing Authority | 3.000 | 08/01/35 | 227,389 | |||||||||||||
220,000 | Mount Shasta Public Financing Authority | 2.625 | 08/01/36 | 229,355 | |||||||||||||
120,000 | Mount Shasta Public Financing Authority | 2.625 | 08/01/37 | 124,682 | |||||||||||||
160,000 | Mount Shasta Public Financing Authority | 2.750 | 08/01/38 | 166,656 | |||||||||||||
165,000 | Mount Shasta Public Financing Authority | 2.750 | 08/01/39 | 171,403 | |||||||||||||
100,000 | New York State Energy Research & Development Authority | 4.577 | 04/01/35 | 106,776 | |||||||||||||
105,000 | New York State Environmental Facilities Corp | 2.506 | 11/15/22 | 107,830 | |||||||||||||
125,000 | New York Transportation Development Corp | 1.360 | 12/01/21 | 125,324 | |||||||||||||
500,000 | g | Ohio Air Quality Development Authority | 4.500 | 01/15/48 | 555,058 | ||||||||||||
250,000 | g | Pennsylvania Economic Development Financing Authority | 10.000 | 12/01/29 | 254,533 | ||||||||||||
500,000 | i | State of California | LIBOR 1 M + 0.780% | 0.899 | 04/01/47 | 500,451 | |||||||||||
500,000 | g | Warm Springs Reservation Confederated Tribe | 2.800 | 11/01/22 | 508,417 | ||||||||||||
TOTAL MUNICIPAL BONDS | 5,377,002 | ||||||||||||||||
TOTAL GOVERNMENT BONDS | 14,173,393 | ||||||||||||||||
(Cost $13,896,045) | |||||||||||||||||
STRUCTURED ASSETS - 20.8% | |||||||||||||||||
ASSET BACKED - 13.3% | |||||||||||||||||
250,000 | g,i | BFLD Trust Series - 2020 EYP (Class C) | LIBOR 1 M + 2.100% | 2.206 | 10/15/35 | 252,500 | |||||||||||
200,226 | g | HERO Funding Trust Series - 2016 1A (Class A) | 4.050 | 09/20/41 | 209,428 | ||||||||||||
314,428 | g | HERO Funding Trust Series - 2016 3A (Class A2) | 3.910 | 09/20/42 | 324,598 | ||||||||||||
180,308 | g | HERO Funding Trust Series - 2016 4A (Class A2) | 4.290 | 09/20/47 | 187,794 | ||||||||||||
81,801 | g | HERO Funding Trust Series - 2017 1A (Class A2) | 4.460 | 09/20/47 | 86,128 | ||||||||||||
194,189 | g | HERO Funding Trust Series - 2017 3A (Class A1) | 3.190 | 09/20/48 | 202,977 | ||||||||||||
391,291 | g | HERO Funding Trust Series - 2017 3A (Class A2) | 3.950 | 09/20/48 | 415,054 | ||||||||||||
212,947 | g | HERO Funding Trust Series - 2020 1A (Class A) | 2.720 | 09/20/57 | 215,531 | ||||||||||||
235,740 | g | Loanpal Solar Loan Ltd Series - 2021 1GS (Class A) | 2.290 | 01/20/48 | 235,749 |
306 |
TIAA-CREF FUNDS - Green Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 207,432 | g | Mosaic Solar Loan Trust Series - 2020 1A (Class A) | 2.100 | % | 04/20/46 | $ | 209,417 | |||||||||
231,136 | g | Mosaic Solar Loan Trust Series - 2020 2A (Class A) | 1.440 | 08/20/46 | 225,157 | ||||||||||||
250,000 | g | Mosaic Solar Loan Trust Series - 2021 1A (Class B) | 2.050 | 12/20/46 | 246,323 | ||||||||||||
250,000 | †,g | Renew Series - 2021 1 (Class A) | 2.060 | 11/20/56 | 249,962 | ||||||||||||
77,450 | g | SolarCity LMC Series - 2016 A (Class A) | 4.800 | 09/20/48 | 80,002 | ||||||||||||
236,852 | g | Sunrun Athena Issuer LLC Series - 2018 1 (Class A) | 5.310 | 04/30/49 | 259,778 | ||||||||||||
484,198 | g | Sunrun Atlas Issuer LLC Series - 2019 2 (Class A) | 3.610 | 02/01/55 | 511,051 | ||||||||||||
429,082 | g | Sunrun Callisto Issuer LLC Series - 2019 1A (Class A) | 3.980 | 06/30/54 | 457,680 | ||||||||||||
250,000 | g | Sunrun Vulcan Issuer LLC Series - 2021 1A (Class A) | 2.460 | 01/30/52 | 247,329 | ||||||||||||
159,204 | g | Tesla Auto Lease Trust Series - 2018 B (Class A) | 3.710 | 08/20/21 | 159,551 | ||||||||||||
131,868 | g | Tesla Auto Lease Trust Series - 2019 A (Class A2) | 2.130 | 04/20/22 | 132,720 | ||||||||||||
250,000 | g | Tesla Auto Lease Trust Series - 2019 A (Class A3) | 2.160 | 10/20/22 | 254,445 | ||||||||||||
250,000 | g | Tesla Auto Lease Trust Series - 2019 A (Class A4) | 2.200 | 11/21/22 | 255,984 | ||||||||||||
250,000 | g | Tesla Auto Lease Trust Series - 2020 A (Class A4) | 0.780 | 12/20/23 | 251,589 | ||||||||||||
250,000 | g | Tesla Auto Lease Trust Series - 2021 A (Class A3) | 0.560 | 03/20/25 | 249,826 | ||||||||||||
585,240 | g | Vivint Colar Financing V LLC Series - 2018 1A (Class B) | 7.370 | 04/30/48 | 623,071 | ||||||||||||
243,831 | g | Vivint Solar Financing VII LLC Series - 2020 1A (Class A) | 2.210 | 07/31/51 | 239,965 | ||||||||||||
TOTAL ASSET BACKED | 6,783,609 | ||||||||||||||||
OTHER MORTGAGE BACKED - 7.5% | |||||||||||||||||
250,000 | g,i | Alen Mortgage Trust Series - 2021 ACEN (Class B) | LIBOR 1 M + 1.650% | 1.756 | 04/15/34 | 250,075 | |||||||||||
100,000 | g | BBCMS Trust Series - 2015 SRCH (Class B) | 4.498 | 08/10/35 | 111,914 | ||||||||||||
500,000 | g | COMM Mortgage Trust Series - 2015 3BP (Class A) | 3.178 | 02/10/35 | 530,755 | ||||||||||||
500,000 | g | CPT Mortgage Trust Series - 2019 CPT (Class A) | 2.865 | 11/13/39 | 517,656 | ||||||||||||
250,000 | Federal National Mortgage Association (FNMA) Series - 2021 M1G (Class A2) | 1.561 | 11/25/30 | 239,361 | |||||||||||||
172,968 | g | JP Morgan Chase Commercial Mortgage Securities Trust Series - 2012 HSBC (Class A) | 3.093 | 07/05/32 | 177,094 | ||||||||||||
500,000 | g,i | Manhattan West Series - 2020 1MW (Class B) | 2.335 | 09/10/39 | 501,208 | ||||||||||||
250,000 | g,i | Morgan Stanley Capital I Trust Series - 2020 CNP (Class C) | 2.428 | 04/05/42 | 233,599 |
307 |
TIAA-CREF FUNDS - Green Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 500,000 | g,i | Natixis Commercial Mortgage Securities Trust Series - 2019 MILE (Class D) | LIBOR 1 M + 2.750% | 2.856 | % | 07/15/36 | $ | 499,999 | ||||||||
250,000 | g,i | Natixis Commercial Mortgage Securities Trust Series - 2019 MILE (Class F) | LIBOR 1 M + 4.250% | 4.356 | 07/15/36 | 246,089 | |||||||||||
500,000 | g | One Bryant Park Trust Series - 2019 OBP (Class A) | 2.516 | 09/15/54 | 504,698 | ||||||||||||
TOTAL OTHER MORTGAGE BACKED | 3,812,448 | ||||||||||||||||
TOTAL STRUCTURED ASSETS | 10,596,057 | ||||||||||||||||
(Cost $10,386,374) | |||||||||||||||||
TOTAL BONDS | 47,536,584 | ||||||||||||||||
(Cost $46,653,986) | |||||||||||||||||
SHARES | COMPANY | ||||||||||||||||
PREFERRED STOCKS - 2.8% | |||||||||||||||||
REAL ESTATE - 1.0% | |||||||||||||||||
10,000 | Brookfield Property Partners LP | 248,300 | |||||||||||||||
10,000 | Brookfield Property Partners LP | 257,100 | |||||||||||||||
TOTAL REAL ESTATE | 505,400 | ||||||||||||||||
UTILITIES - 1.8% | |||||||||||||||||
20,000 | Brookfield Infrastructure Partners LP | 511,600 | |||||||||||||||
16,000 | Brookfield Renewable Partners LP | 417,120 | |||||||||||||||
TOTAL UTILITIES | 928,720 | ||||||||||||||||
TOTAL PREFERRED STOCKS | 1,434,120 | ||||||||||||||||
(Cost $1,400,000) | |||||||||||||||||
SHORT-TERM INVESTMENTS - 2.6% | |||||||||||||||||
GOVERNMENT AGENCY DEBT - 2.6% | |||||||||||||||||
1,312,000 | Federal Agricultural Mortgage Corp (FAMC) | 0.010 | 04/01/21 | 1,312,000 | |||||||||||||
TOTAL GOVERNMENT AGENCY DEBT | 1,312,000 | ||||||||||||||||
TOTAL SHORT-TERM INVESTMENTS | 1,312,000 | ||||||||||||||||
(Cost $1,312,000) | |||||||||||||||||
TOTAL INVESTMENTS - 100.0% | 50,781,664 | ||||||||||||||||
(Cost $49,862,324) | |||||||||||||||||
OTHER ASSETS & LIABILITIES, NET - 0.0% | 20,691 | ||||||||||||||||
NET ASSETS - 100.0% | $ | 50,802,355 |
Abbreviation(s): | |||
LIBOR | London Interbank Offered Rate | ||
M | Month | ||
* | 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 3/31/2021, the aggregate value of these securities is $22,578,224 or 44.4% 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. |
308 |
TIAA-CREF FUNDS - High-Yield Fund
TIAA-CREF FUNDS
HIGH-YIELD FUND
SCHEDULE OF INVESTMENTS
March 31, 2021
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
BANK LOAN OBLIGATIONS - 10.0% | |||||||||||||||||
AUTOMOBILES & COMPONENTS - 0.3% | |||||||||||||||||
$ | 9,284,833 | i | Gates Global LLC | LIBOR 1 M + 2.750% | 3.500 | % | 03/31/27 | $ | 9,253,915 | ||||||||
450,000 | i | Truck Hero, Inc | LIBOR 1 M + 3.750% | 4.500 | 01/31/28 | 448,564 | |||||||||||
TOTAL AUTOMOBILES & COMPONENTS | 9,702,479 | ||||||||||||||||
CAPITAL GOODS - 0.9% | |||||||||||||||||
2,537,023 | i | Blount International, Inc | LIBOR 1 M + 3.750% | 4.750 | 04/12/23 | 2,540,194 | |||||||||||
2,787,593 | h,i | DiversiTech Holdings, Inc | LIBOR 3 M + 3.000% | 4.250 | 06/01/24 | 2,773,655 | |||||||||||
1,400,000 | DiversiTech Holdings, Inc | LIBOR 1 and 3 M + 3.250% | 4.111 | 12/03/24 | 1,393,000 | ||||||||||||
6,946,154 | i | Engineered Machinery Holdings, Inc | LIBOR 3 M + 3.000% | 4.000 | 07/19/24 | 6,912,882 | |||||||||||
4,365,270 | i | Titan Acquisition Ltd | LIBOR 3 M + 3.000% | 3.267 | 03/28/25 | 4,270,675 | |||||||||||
7,121,144 | i | Vertiv Group Corp | LIBOR 1 M + 3.000% | 2.869 | 03/02/27 | 7,060,329 | |||||||||||
9,177,000 | i | White Cap Buyer LLC | LIBOR 3 M + 4.000% | 4.500 | 10/19/27 | 9,154,058 | |||||||||||
TOTAL CAPITAL GOODS | 34,104,793 | ||||||||||||||||
COMMERCIAL & PROFESSIONAL SERVICES - 1.2% | |||||||||||||||||
1,488,750 | i | Amentum Government Services Holdings LLC | LIBOR 1 M + 3.500% | 3.609 | 01/29/27 | 1,472,627 | |||||||||||
12,727,565 | i | GFL Environmental, Inc | LIBOR 1 M + 3.000% | 3.500 | 05/30/25 | 12,727,564 | |||||||||||
14,625,000 | h,i | Spin Holdco, Inc | LIBOR 3 M + 4.000% | 4.750 | 03/01/28 | 14,489,134 | |||||||||||
15,953,409 | i | West Corp | LIBOR 3 M + 4.000% | 5.000 | 10/10/24 | 15,425,989 | |||||||||||
TOTAL COMMERCIAL & PROFESSIONAL SERVICES | 44,115,314 | ||||||||||||||||
CONSUMER SERVICES - 0.3% | |||||||||||||||||
4,979,000 | h,i | ClubCorp Holdings, Inc | LIBOR 3 M + 2.750% | 2.953 | 09/18/24 | 4,669,356 | |||||||||||
7,500,000 | i | IRB Holding Corp | LIBOR 3 M + 3.250% | 4.250 | 12/15/27 | 7,464,825 | |||||||||||
TOTAL CONSUMER SERVICES | 12,134,181 | ||||||||||||||||
ENERGY - 0.1% | |||||||||||||||||
4,186,875 | i | ChampionX Holding, Inc | LIBOR 3 M + 5.000% | 6.000 | 06/03/27 | 4,260,145 | |||||||||||
TOTAL ENERGY | 4,260,145 | ||||||||||||||||
FOOD, BEVERAGE & TOBACCO - 0.4% | |||||||||||||||||
8,109,250 | i | Chobani LLC | LIBOR 1 M + 3.500% | 4.500 | 10/20/27 | 8,097,086 | |||||||||||
6,667,000 | h,i | Triton Water Holdings, Inc | LIBOR 3 M + 3.500% | 4.000 | 03/31/28 | 6,635,732 | |||||||||||
TOTAL FOOD, BEVERAGE & TOBACCO | 14,732,818 | ||||||||||||||||
HEALTH CARE EQUIPMENT & SERVICES - 1.8% | |||||||||||||||||
4,962,025 | i | Agiliti Health, Inc | LIBOR 1 M + 2.750% | 2.875 | 01/05/26 | 4,875,190 | |||||||||||
1,800,000 | i | AHP Health Partners, Inc | LIBOR 1 M + 3.750% | 4.750 | 06/30/25 | 1,800,756 | |||||||||||
3,920,375 | i | Da Vinci Purchaser Corp | LIBOR 3 M + 4.000% | 5.000 | 01/08/27 | 3,919,160 | |||||||||||
6,627,792 | i | MMM Holdings LLC | LIBOR 3 M + 5.750% | 6.750 | 12/24/26 | 6,627,792 | |||||||||||
16,138,407 | i | RegionalCare Hospital Partners Holdings, Inc | LIBOR 1 M + 3.750% | 3.850 | 11/16/25 | 16,092,251 | |||||||||||
19,773,001 | i | Surgery Center Holdings, Inc | LIBOR 1 M + 3.250% | 4.250 | 09/03/24 | 19,559,848 | |||||||||||
14,923,469 | i | Verscend Holding Corp | LIBOR 1 M + 4.500% | 4.609 | 08/27/25 | 14,906,606 | |||||||||||
TOTAL HEALTH CARE EQUIPMENT & SERVICES | 67,781,603 |
309 |
TIAA-CREF FUNDS - High-Yield Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
HOUSEHOLD & PERSONAL PRODUCTS - 0.3% | |||||||||||||||||
$ | 7,500,000 | i | Kronos Acquisition Holdings, Inc | LIBOR 3 M + 3.750% | 4.250 | % | 12/22/26 | $ | 7,384,800 | ||||||||
2,942,625 | i | Weber-Stephen Products LLC | LIBOR 1 M + 3.250% | 4.000 | 10/29/27 | 2,938,947 | |||||||||||
TOTAL HOUSEHOLD & PERSONAL PRODUCTS | 10,323,747 | ||||||||||||||||
INSURANCE - 0.6% | |||||||||||||||||
12,140,098 | i | Acrisure LLC | LIBOR 3 M + 3.500% | 3.703 | 02/15/27 | 11,978,271 | |||||||||||
4,512,986 | i | Alliant Holdings Intermediate LLC | LIBOR 1 M + 3.750% | 4.250 | 11/05/27 | 4,499,266 | |||||||||||
3,341,250 | i | HUB International Ltd | LIBOR 3 M + 3.250% | 4.000 | 04/25/25 | 3,336,505 | |||||||||||
4,702,500 | i | USI, Inc | LIBOR 3 M + 3.250% | 3.453 | 12/02/26 | 4,652,936 | |||||||||||
TOTAL INSURANCE | 24,466,978 | ||||||||||||||||
MEDIA & ENTERTAINMENT - 1.1% | |||||||||||||||||
10,000,000 | i | Arches Buyer, Inc | LIBOR 1 M + 3.250% | 3.750 | 12/06/27 | 9,920,000 | |||||||||||
1,022,438 | i | Cablevision Lightpath LLC | LIBOR 1 M + 3.250% | 3.750 | 11/30/27 | 1,019,882 | |||||||||||
14,911,712 | i | Clear Channel Outdoor Holdings, Inc | LIBOR 3 M + 3.500% | 3.712 | 08/21/26 | 14,302,866 | |||||||||||
14,900,000 | h,i | Rackspace Technology Global, Inc | LIBOR 3 M + 2.750% | 3.500 | 02/03/28 | 14,755,619 | |||||||||||
2,718,188 | i | Radiate Holdco LLC | LIBOR 1 M + 3.500% | 4.250 | 09/25/26 | 2,715,415 | |||||||||||
TOTAL MEDIA & ENTERTAINMENT | 42,713,782 | ||||||||||||||||
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.6% | |||||||||||||||||
8,974,500 | i | Alphabet Holding Co, Inc | LIBOR 1 M + 3.500% | 3.609 | 09/26/24 | 8,897,409 | |||||||||||
6,309,188 | i | Avantor, Inc | LIBOR 1 M + 2.250% | 3.250 | 10/29/27 | 6,306,033 | |||||||||||
8,756,683 | i | Bausch Health Americas, Inc | LIBOR 1 M + 3.000% | 3.109 | 06/02/25 | 8,723,496 | |||||||||||
TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 23,926,938 | ||||||||||||||||
REAL ESTATE - 0.1% | |||||||||||||||||
4,397,766 | i | Cushman & Wakefield plc | LIBOR 1 M + 2.750% | 2.865 | 08/21/25 | 4,303,390 | |||||||||||
TOTAL REAL ESTATE | 4,303,390 | ||||||||||||||||
RETAILING - 0.3% | |||||||||||||||||
9,702,188 | i | Staples, Inc | LIBOR 3 M + 5.000% | 5.205 | 04/16/26 | 9,451,580 | |||||||||||
TOTAL RETAILING | 9,451,580 | ||||||||||||||||
SOFTWARE & SERVICES - 1.3% | |||||||||||||||||
13,962,529 | i | Blackboard, Inc | LIBOR 3 M + 6.000% | 7.000 | 06/28/24 | 13,903,188 | |||||||||||
9,949,875 | i | BY Crown Parent LLC | LIBOR 1 M + 3.000% | 4.000 | 01/31/26 | 9,940,522 | |||||||||||
4,688,250 | i | Camelot US Acquisition | LIBOR 1 M + 3.000% | 4.000 | 10/31/26 | 4,683,562 | |||||||||||
11,910,150 | i | Dun & Bradstreet Corp | LIBOR 1 M + 3.250% | 3.359 | 02/06/26 | 11,835,711 | |||||||||||
10,000,000 | i | Greeneden US Holdings II LLC | LIBOR 1 M + 4.000% | 4.750 | 12/01/27 | 9,992,500 | |||||||||||
TOTAL SOFTWARE & SERVICES | 50,355,483 | ||||||||||||||||
TELECOMMUNICATION SERVICES - 0.7% | |||||||||||||||||
9,950,000 | i | GCI LLC | LIBOR 1 M + 2.750% | 3.500 | 10/15/25 | 9,891,991 | |||||||||||
14,974,359 | h,i | Syniverse Holdings, Inc | LIBOR 3 M + 5.000% | 6.000 | 03/09/23 | 14,751,391 | |||||||||||
TOTAL TELECOMMUNICATION SERVICES | 24,643,382 | ||||||||||||||||
TOTAL BANK LOAN OBLIGATIONS | 377,016,613 | ||||||||||||||||
(Cost $375,222,750) |
310 |
TIAA-CREF FUNDS - High-Yield Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
BONDS - 84.8% | |||||||||||||||||
CORPORATE BONDS - 84.8% | |||||||||||||||||
AUTOMOBILES & COMPONENTS - 4.5% | |||||||||||||||||
$ | 14,950,000 | g | Adient Global Holdings Ltd | 4.875 | % | 08/15/26 | $ | 15,452,021 | |||||||||
2,737,000 | g | Adient US LLC | 9.000 | 04/15/25 | 3,038,070 | ||||||||||||
600,000 | g | Allison Transmission, Inc | 4.750 | 10/01/27 | 637,680 | ||||||||||||
2,721,000 | g | Allison Transmission, Inc | 3.750 | 01/30/31 | 2,635,969 | ||||||||||||
5,525,000 | g | Clarios Global LP | 6.750 | 05/15/25 | 5,910,092 | ||||||||||||
5,700,000 | g | Dana Financing Luxembourg SARL | 5.750 | 04/15/25 | 5,863,875 | ||||||||||||
7,500,000 | g | Dana Financing Luxembourg SARL | 6.500 | 06/01/26 | 7,781,250 | ||||||||||||
6,695,000 | Dana, Inc | 5.375 | 11/15/27 | 7,029,750 | |||||||||||||
2,450,000 | Dana, Inc | 5.625 | 06/15/28 | 2,621,500 | |||||||||||||
9,900,000 | Ford Motor Co | 8.500 | 04/21/23 | 11,038,500 | |||||||||||||
10,150,000 | Ford Motor Co | 9.000 | 04/22/25 | 12,292,817 | |||||||||||||
5,825,000 | Ford Motor Co | 9.625 | 04/22/30 | 8,129,020 | |||||||||||||
22,075,000 | g | Gates Global LLC | 6.250 | 01/15/26 | 23,123,563 | ||||||||||||
15,000,000 | Goodyear Tire & Rubber Co | 9.500 | 05/31/25 | 16,827,000 | |||||||||||||
15,000,000 | Goodyear Tire & Rubber Co | 5.250 | 04/30/31 | 15,000,000 | |||||||||||||
1,100,000 | g,o | IHO Verwaltungs GmbH | 4.750 | 09/15/26 | 1,129,906 | ||||||||||||
19,800,000 | g,o | IHO Verwaltungs GmbH | 6.375 | 05/15/29 | 21,631,500 | ||||||||||||
10,650,000 | g | Panther BF Aggregator 2 LP | 8.500 | 05/15/27 | 11,462,063 | ||||||||||||
TOTAL AUTOMOBILES & COMPONENTS | 171,604,576 | ||||||||||||||||
CAPITAL GOODS - 2.8% | |||||||||||||||||
2,000,000 | g | American Builders & Contractors Supply Co, Inc | 4.000 | 01/15/28 | 2,000,000 | ||||||||||||
10,950,000 | g | Beacon Escrow Corp | 4.875 | 11/01/25 | 11,196,375 | ||||||||||||
3,574,000 | g | Beacon Roofing Supply, Inc | 4.500 | 11/15/26 | 3,672,285 | ||||||||||||
1,967,000 | g | Builders FirstSource, Inc | 6.750 | 06/01/27 | 2,116,984 | ||||||||||||
18,519,000 | g | H&E Equipment Services, Inc | 3.875 | 12/15/28 | 18,009,727 | ||||||||||||
3,337,000 | Howmet Aerospace, Inc | 6.875 | 05/01/25 | 3,866,749 | |||||||||||||
2,025,000 | g | Masonite International Corp | 5.375 | 02/01/28 | 2,149,031 | ||||||||||||
6,300,000 | g | PowerTeam Services LLC | 9.033 | 12/04/25 | 6,945,750 | ||||||||||||
8,950,000 | g | Rolls-Royce plc | 5.750 | 10/15/27 | 9,523,247 | ||||||||||||
4,150,000 | g | SPX FLOW, Inc | 5.875 | 08/15/26 | 4,321,188 | ||||||||||||
12,250,000 | TransDigm UK Holdings plc | 6.875 | 05/15/26 | 12,893,125 | |||||||||||||
2,375,000 | TransDigm, Inc | 6.500 | 05/15/25 | 2,419,531 | |||||||||||||
2,000,000 | g | TransDigm, Inc | 8.000 | 12/15/25 | 2,178,000 | ||||||||||||
4,000,000 | TransDigm, Inc | 7.500 | 03/15/27 | 4,260,000 | |||||||||||||
10,780,000 | g | WESCO Distribution, Inc | 7.125 | 06/15/25 | 11,787,930 | ||||||||||||
7,560,000 | g | WESCO Distribution, Inc | 7.250 | 06/15/28 | 8,439,946 | ||||||||||||
TOTAL CAPITAL GOODS | 105,779,868 | ||||||||||||||||
COMMERCIAL & PROFESSIONAL SERVICES - 4.5% | |||||||||||||||||
12,350,000 | g | ADT Corp | 4.875 | 07/15/32 | 12,550,687 | ||||||||||||
2,250,000 | AECOM | 5.875 | 10/15/24 | 2,527,987 | |||||||||||||
13,500,000 | AECOM | 5.125 | 03/15/27 | 14,689,687 | |||||||||||||
6,100,000 | g | Allied Universal Holdco LLC | 6.625 | 07/15/26 | 6,468,928 | ||||||||||||
6,785,000 | g | ASGN, Inc | 4.625 | 05/15/28 | 6,999,949 | ||||||||||||
1,515,000 | g | GFL Environmental, Inc | 4.250 | 06/01/25 | 1,560,450 | ||||||||||||
7,850,000 | g | GFL Environmental, Inc | 3.750 | 08/01/25 | 7,967,750 | ||||||||||||
1,960,000 | g | GFL Environmental, Inc | 5.125 | 12/15/26 | 2,065,350 | ||||||||||||
1,050,000 | g | GFL Environmental, Inc | 8.500 | 05/01/27 | 1,156,312 | ||||||||||||
6,559,000 | g | GFL Environmental, Inc | 3.500 | 09/01/28 | 6,362,230 |
311 |
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 | $ | 7,609,924 | |||||||||
1,417,000 | h,g | NESCO Holdings II, Inc | 5.500 | 04/15/29 | 1,453,559 | ||||||||||||
10,700,000 | g | Prime Security Services Borrower LLC | 5.250 | 04/15/24 | 11,413,155 | ||||||||||||
25,075,000 | g | Prime Security Services Borrower LLC | 5.750 | 04/15/26 | 27,132,404 | ||||||||||||
5,325,000 | g | Prime Security Services Borrower LLC | 3.375 | 08/31/27 | 5,165,250 | ||||||||||||
18,100,000 | g | Prime Security Services Borrower LLC | 6.250 | 01/15/28 | 18,841,919 | ||||||||||||
7,900,000 | RR Donnelley & Sons Co | 6.500 | 11/15/23 | 8,374,000 | |||||||||||||
6,750,000 | g | Science Applications International Corp | 4.875 | 04/01/28 | 6,977,813 | ||||||||||||
8,225,000 | g | Stericycle, Inc | 5.375 | 07/15/24 | 8,492,312 | ||||||||||||
4,527,000 | g | Stericycle, Inc | 3.875 | 01/15/29 | 4,470,413 | ||||||||||||
1,175,000 | United Rentals North America, Inc | 5.875 | 09/15/26 | 1,229,344 | |||||||||||||
4,500,000 | United Rentals North America, Inc | 5.500 | 05/15/27 | 4,799,250 | |||||||||||||
4,200,000 | United Rentals North America, Inc | 4.875 | 01/15/28 | 4,424,154 | |||||||||||||
TOTAL COMMERCIAL & PROFESSIONAL SERVICES | 172,732,827 | ||||||||||||||||
CONSUMER DURABLES & APPAREL - 1.4% | |||||||||||||||||
11,700,000 | g | Academy Ltd | 6.000 | 11/15/27 | 12,314,250 | ||||||||||||
2,125,000 | g | Hanesbrands, Inc | 4.625 | 05/15/24 | 2,254,423 | ||||||||||||
1,000,000 | g | Hanesbrands, Inc | 4.875 | 05/15/26 | 1,072,500 | ||||||||||||
1,900,000 | KB Home | 7.625 | 05/15/23 | 2,059,125 | |||||||||||||
10,085,000 | KB Home | 6.875 | 06/15/27 | 11,813,468 | |||||||||||||
8,000,000 | M/I Homes, Inc | 4.950 | 02/01/28 | 8,285,000 | |||||||||||||
8,875,000 | g | Mattamy Group Corp | 5.250 | 12/15/27 | 9,285,469 | ||||||||||||
3,472,000 | g | Mattel, Inc | 6.750 | 12/31/25 | 3,650,634 | ||||||||||||
2,075,000 | g | Mattel, Inc | 3.375 | 04/01/26 | 2,142,313 | ||||||||||||
TOTAL CONSUMER DURABLES & APPAREL | 52,877,182 | ||||||||||||||||
CONSUMER SERVICES - 5.3% | |||||||||||||||||
1,769,000 | g | 1011778 BC ULC / New Red Finance, Inc | 4.250 | 05/15/24 | 1,789,750 | ||||||||||||
2,350,000 | g | 1011778 BC ULC / New Red Finance, Inc | 5.750 | 04/15/25 | 2,496,875 | ||||||||||||
4,500,000 | g | Boyd Gaming Corp | 8.625 | 06/01/25 | 5,004,000 | ||||||||||||
8,950,000 | g | Carnival Corp | 7.625 | 03/01/26 | 9,614,985 | ||||||||||||
23,825,000 | g | Carnival Corp | 5.750 | 03/01/27 | 24,450,406 | ||||||||||||
5,163,000 | g | Cedar Fair LP | 5.500 | 05/01/25 | 5,434,264 | ||||||||||||
5,675,000 | g | Churchill Downs, Inc | 4.750 | 01/15/28 | 5,869,284 | ||||||||||||
11,000,000 | g | Cott Holdings, Inc | 5.500 | 04/01/25 | 11,305,800 | ||||||||||||
13,400,000 | g | frontdoor, Inc | 6.750 | 08/15/26 | 14,254,250 | ||||||||||||
5,001,000 | g | Hilton Domestic Operating Co, Inc | 3.625 | 02/15/32 | 4,853,971 | ||||||||||||
10,270,000 | g | International Game Technology plc | 6.500 | 02/15/25 | 11,271,325 | ||||||||||||
3,880,000 | g | International Game Technology plc | 4.125 | 04/15/26 | 3,987,010 | ||||||||||||
4,650,000 | g | International Game Technology plc | 6.250 | 01/15/27 | 5,151,944 | ||||||||||||
2,025,000 | g | International Game Technology plc | 5.250 | 01/15/29 | 2,112,075 | ||||||||||||
16,300,000 | g | Life Time, Inc | 5.750 | 01/15/26 | 16,769,440 | ||||||||||||
16,425,000 | g | Live Nation Entertainment, Inc | 6.500 | 05/15/27 | 18,231,750 | ||||||||||||
11,250,000 | MGM Resorts International | 6.000 | 03/15/23 | 12,051,563 | |||||||||||||
10,000,000 | g | Penn National Gaming, Inc | 5.625 | 01/15/27 | 10,360,300 | ||||||||||||
11,625,000 | g | Scientific Games International, Inc | 8.625 | 07/01/25 | 12,638,700 | ||||||||||||
9,650,000 | g | Scientific Games International, Inc | 5.000 | 10/15/25 | 9,994,505 | ||||||||||||
13,000,000 | g | Wynn Las Vegas LLC | 5.500 | 03/01/25 | 13,734,500 | ||||||||||||
TOTAL CONSUMER SERVICES | 201,376,697 | ||||||||||||||||
DIVERSIFIED FINANCIALS - 5.2% | |||||||||||||||||
4,447,000 | g | Compass Group Diversified Holdings LLC | 5.250 | 04/15/29 | 4,662,368 | ||||||||||||
5,000,000 | Ford Motor Credit Co LLC | 4.250 | 09/20/22 | 5,172,000 |
312 |
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 | $ | 26,645,870 | ||||||||||
10,000,000 | Ford Motor Credit Co LLC | 3.375 | 11/13/25 | 10,170,000 | |||||||||||||
5,000,000 | Ford Motor Credit Co LLC | 5.113 | 05/03/29 | 5,367,250 | |||||||||||||
8,525,000 | Ford Motor Credit Co LLC | 4.000 | 11/13/30 | 8,456,715 | |||||||||||||
4,775,000 | g | Freedom Mortgage Corp | 7.625 | 05/01/26 | 5,001,812 | ||||||||||||
4,500,000 | Icahn Enterprises LP | 6.750 | 02/01/24 | 4,590,000 | |||||||||||||
10,000,000 | Icahn Enterprises LP | 4.750 | 09/15/24 | 10,384,350 | |||||||||||||
9,700,000 | Icahn Enterprises LP | 5.250 | 05/15/27 | 10,015,250 | |||||||||||||
15,375,000 | g | Icahn Enterprises LP | 4.375 | 02/01/29 | 15,024,604 | ||||||||||||
10,200,000 | g | Jefferies Finance LLC | 6.250 | 06/03/26 | 10,710,000 | ||||||||||||
4,600,000 | g | LPL Holdings, Inc | 4.625 | 11/15/27 | 4,772,500 | ||||||||||||
8,000,000 | Navient Corp | 6.125 | 03/25/24 | 8,470,000 | |||||||||||||
5,000,000 | Navient Corp | 6.750 | 06/25/25 | 5,428,750 | |||||||||||||
10,000,000 | Navient Corp | 4.875 | 03/15/28 | 9,787,500 | |||||||||||||
10,650,000 | OneMain Finance Corp | 4.000 | 09/15/30 | 10,357,125 | |||||||||||||
14,350,000 | g | Quicken Loans, Inc | 5.250 | 01/15/28 | 15,067,500 | ||||||||||||
10,675,000 | Springleaf Finance Corp | 6.125 | 03/15/24 | 11,529,000 | |||||||||||||
3,650,000 | Springleaf Finance Corp | 8.875 | 06/01/25 | 4,043,470 | |||||||||||||
10,960,000 | Springleaf Finance Corp | 5.375 | 11/15/29 | 11,658,700 | |||||||||||||
TOTAL DIVERSIFIED FINANCIALS |
| 197,314,764 | |||||||||||||||
ENERGY - 16.7% | |||||||||||||||||
8,375,000 | AmeriGas Partners LP | 5.875 | 08/20/26 | 9,215,850 | |||||||||||||
8,900,000 | g | Antero Midstream Partners LP | 7.875 | 05/15/26 | 9,572,128 | ||||||||||||
13,075,000 | g | Antero Midstream Partners LP | 5.750 | 03/01/27 | 13,077,876 | ||||||||||||
9,625,000 | g | Antero Midstream Partners LP | 5.750 | 01/15/28 | 9,625,000 | ||||||||||||
5,000,000 | e | Antero Resources Corp | 5.000 | 03/01/25 | 5,003,850 | ||||||||||||
9,550,000 | g | Archrock Partners LP | 6.875 | 04/01/27 | 9,955,875 | ||||||||||||
11,681,000 | g | Archrock Partners LP | 6.250 | 04/01/28 | 11,865,560 | ||||||||||||
2,000,000 | Ashland, Inc | 6.875 | 05/15/43 | 2,500,000 | |||||||||||||
6,200,000 | Calumet Specialty Products Partners LP | 7.750 | 04/15/23 | 6,154,182 | |||||||||||||
6,000,000 | g | Calumet Specialty Products Partners LP | 11.000 | 04/15/25 | 6,300,000 | ||||||||||||
7,000,000 | Cheniere Energy Partners LP | 5.625 | 10/01/26 | 7,319,900 | |||||||||||||
11,875,000 | Cheniere Energy Partners LP | 4.500 | 10/01/29 | 12,314,612 | |||||||||||||
9,000,000 | g | Cheniere Energy, Inc | 4.625 | 10/15/28 | 9,346,860 | ||||||||||||
849,723 | † | Cloud Peak Energy, Inc | 9.000 | 10/24/24 | 543,823 | ||||||||||||
1,335,279 | †,o | Cloud Peak Energy, Inc | 12.000 | 05/01/25 | 827,873 | ||||||||||||
3,375,000 | Comstock Resources, Inc | 9.750 | 08/15/26 | 3,661,875 | |||||||||||||
1,809,000 | Continental Resources, Inc | 5.000 | 09/15/22 | 1,810,447 | |||||||||||||
6,787,000 | Continental Resources, Inc | 4.500 | 04/15/23 | 7,029,295 | |||||||||||||
7,345,000 | Crestwood Midstream Partners LP | 6.250 | 04/01/23 | 7,346,469 | |||||||||||||
6,050,000 | Crestwood Midstream Partners LP | 5.750 | 04/01/25 | 6,083,396 | |||||||||||||
5,700,000 | g | Crestwood Midstream Partners LP | 5.625 | 05/01/27 | 5,600,250 | ||||||||||||
2,932,000 | g | Energean Israel Finance Ltd | 4.500 | 03/30/24 | 2,953,875 | ||||||||||||
1,630,000 | g | Energean Israel Finance Ltd | 4.875 | 03/30/26 | 1,639,654 | ||||||||||||
1,630,000 | g | Energean Israel Finance Ltd | 5.375 | 03/30/28 | 1,648,083 | ||||||||||||
5,079,000 | g | Energean Israel Finance Ltd | 5.875 | 03/30/31 | 5,068,391 | ||||||||||||
1,569,000 | g | EnLink Midstream LLC | 5.625 | 01/15/28 | 1,517,192 | ||||||||||||
5,168,000 | EnLink Midstream Partners LP | 4.150 | 06/01/25 | 5,052,805 | |||||||||||||
5,000,000 | EnLink Midstream Partners LP | 4.850 | 07/15/26 | 4,830,150 | |||||||||||||
4,400,000 | g | EQM Midstream Partners LP | 6.000 | 07/01/25 | 4,735,500 | ||||||||||||
7,200,000 | g | EQM Midstream Partners LP | 6.500 | 07/01/27 | 7,828,200 | ||||||||||||
4,250,000 | g | EQM Midstream Partners LP | 4.500 | 01/15/29 | 4,141,455 | ||||||||||||
5,125,000 | g | EQM Midstream Partners LP | 4.750 | 01/15/31 | 4,971,250 |
313 |
TIAA-CREF FUNDS - High-Yield Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 20,285,000 | g | Ferrellgas Escrow LLC | 5.375 | % | 04/01/26 | $ | 20,149,091 | |||||||||
22,178,000 | g | Ferrellgas Escrow LLC | 5.875 | 04/01/29 | 21,878,597 | ||||||||||||
9,400,000 | Genesis Energy LP | 6.500 | 10/01/25 | 9,214,350 | |||||||||||||
15,000,000 | Genesis Energy LP | 6.250 | 05/15/26 | 14,325,000 | |||||||||||||
6,175,000 | Genesis Energy LP | 7.750 | 02/01/28 | 6,176,852 | |||||||||||||
1,075,000 | Global Partners LP | 7.000 | 08/01/27 | 1,134,125 | |||||||||||||
8,825,000 | g | Hess Midstream Operations LP | 5.625 | 02/15/26 | 9,089,750 | ||||||||||||
1,840,000 | g | Hilcorp Energy I LP | 5.750 | 02/01/29 | 1,856,100 | ||||||||||||
1,791,000 | g | Hilcorp Energy I LP | 6.000 | 02/01/31 | 1,817,865 | ||||||||||||
3,925,000 | g | MEG Energy Corp | 5.875 | 02/01/29 | 3,934,812 | ||||||||||||
8,750,000 | e,g | Moss Creek Resources Holdings, Inc | 10.500 | 05/15/27 | 7,546,875 | ||||||||||||
6,875,000 | e | Murphy Oil Corp | 6.875 | 08/15/24 | 7,029,687 | ||||||||||||
4,800,000 | Murphy Oil Corp | 5.750 | 08/15/25 | 4,799,040 | |||||||||||||
13,482,000 | Murphy Oil Corp | 5.875 | 12/01/27 | 13,212,360 | |||||||||||||
1,650,000 | Murphy Oil USA, Inc | 5.625 | 05/01/27 | 1,724,250 | |||||||||||||
14,075,000 | h,g | New Fortress Energy, Inc | 6.500 | 09/30/26 | 14,180,563 | ||||||||||||
8,750,000 | g | NGL Energy Operating LLC | 7.500 | 02/01/26 | 8,990,625 | ||||||||||||
2,775,000 | NuStar Logistics LP | 5.750 | 10/01/25 | 2,970,693 | |||||||||||||
2,275,000 | NuStar Logistics LP | 6.375 | 10/01/30 | 2,459,844 | |||||||||||||
8,660,000 | Occidental Petroleum Corp | 2.700 | 08/15/22 | 8,663,248 | |||||||||||||
5,000,000 | Occidental Petroleum Corp | 6.950 | 07/01/24 | 5,486,450 | |||||||||||||
5,000,000 | Occidental Petroleum Corp | 2.900 | 08/15/24 | 4,945,200 | |||||||||||||
10,000,000 | Occidental Petroleum Corp | 8.000 | 07/15/25 | 11,479,300 | |||||||||||||
13,775,000 | Occidental Petroleum Corp | 5.875 | 09/01/25 | 14,722,720 | |||||||||||||
767,000 | Occidental Petroleum Corp | 5.500 | 12/01/25 | 811,103 | |||||||||||||
10,000,000 | Occidental Petroleum Corp | 8.500 | 07/15/27 | 11,850,000 | |||||||||||||
17,875,000 | Occidental Petroleum Corp | 6.375 | 09/01/28 | 19,619,689 | |||||||||||||
11,800,000 | Occidental Petroleum Corp | 8.875 | 07/15/30 | 14,879,800 | |||||||||||||
700,000 | Occidental Petroleum Corp | 6.125 | 01/01/31 | 772,940 | |||||||||||||
10,000,000 | Occidental Petroleum Corp | 6.450 | 09/15/36 | 11,037,600 | |||||||||||||
6,658,000 | h,g | Parkland Corp | 4.500 | 10/01/29 | 6,666,323 | ||||||||||||
7,000,000 | g | Parkland Fuel Corp | 6.000 | 04/01/26 | 7,320,600 | ||||||||||||
6,975,000 | g | Parkland Fuel Corp | 5.875 | 07/15/27 | 7,437,094 | ||||||||||||
2,375,000 | e | Range Resources Corp | 4.875 | 05/15/25 | 2,351,250 | ||||||||||||
15,000,000 | Range Resources Corp | 9.250 | 02/01/26 | 16,297,800 | |||||||||||||
3,325,000 | g | Rattler Midstream LP | 5.625 | 07/15/25 | 3,471,699 | ||||||||||||
3,000,000 | e | SM Energy Co | 5.000 | 01/15/24 | 2,821,500 | ||||||||||||
1,900,000 | SM Energy Co | 6.750 | 09/15/26 | 1,755,600 | |||||||||||||
7,500,000 | e | SM Energy Co | 6.625 | 01/15/27 | 6,937,500 | ||||||||||||
14,250,000 | e | Southwestern Energy Co | 7.500 | 04/01/26 | 15,076,785 | ||||||||||||
4,750,000 | Southwestern Energy Co | 7.750 | 10/01/27 | 5,076,563 | |||||||||||||
10,200,000 | Suburban Propane Partners LP | 5.750 | 03/01/25 | 10,365,750 | |||||||||||||
8,175,000 | Suburban Propane Partners LP | 5.875 | 03/01/27 | 8,502,000 | |||||||||||||
2,500,000 | Sunoco LP | 5.500 | 02/15/26 | 2,568,225 | |||||||||||||
5,000,000 | Sunoco LP | 6.000 | 04/15/27 | 5,231,250 | |||||||||||||
4,527,000 | g | Sunoco LP | 4.500 | 05/15/29 | 4,510,024 | ||||||||||||
4,836,000 | g | Superior Plus LP | 4.500 | 03/15/29 | 4,885,327 | ||||||||||||
2,025,000 | Targa Resources Partners LP | 6.500 | 07/15/27 | 2,200,527 | |||||||||||||
10,000,000 | Targa Resources Partners LP | 5.000 | 01/15/28 | 10,412,500 | |||||||||||||
6,125,000 | g | Targa Resources Partners LP | 4.875 | 02/01/31 | 6,206,156 | ||||||||||||
1,930,000 | g | Targa Resources Partners LP | 4.000 | 01/15/32 | 1,815,204 | ||||||||||||
10,000,000 | g | TerraForm Power Operating LLC | 5.000 | 01/31/28 | 10,790,500 | ||||||||||||
18,000,000 | USA Compression Partners LP | 6.875 | 04/01/26 | 18,461,250 | |||||||||||||
2,650,000 | USA Compression Partners LP | 6.875 | 09/01/27 | 2,729,500 |
314 |
TIAA-CREF FUNDS - High-Yield Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 7,500,000 | g | Warrior Met Coal Inc | 8.000 | % | 11/01/24 | $ | 7,687,500 | |||||||||
5,000,000 | Western Gas Partners LP | 3.950 | 06/01/25 | 5,135,050 | |||||||||||||
5,000,000 | Western Midstream Operating LP | 4.350 | 02/01/25 | 5,175,000 | |||||||||||||
8,575,000 | Western Midstream Operating LP | 5.050 | 02/01/30 | 9,311,421 | |||||||||||||
TOTAL ENERGY | 637,500,103 | ||||||||||||||||
FOOD & STAPLES RETAILING - 0.6% | |||||||||||||||||
2,280,000 | Albertsons Cos LLC | 5.750 | 03/15/25 | 2,354,556 | |||||||||||||
1,325,000 | g | Albertsons Cos LLC | 5.875 | 02/15/28 | 1,412,781 | ||||||||||||
14,300,000 | g | Albertsons Cos, Inc | 3.250 | 03/15/26 | 14,245,231 | ||||||||||||
5,900,000 | g | Albertsons Cos, Inc | 4.875 | 02/15/30 | 6,065,200 | ||||||||||||
TOTAL FOOD & STAPLES RETAILING | 24,077,768 | ||||||||||||||||
FOOD, BEVERAGE & TOBACCO - 1.2% | |||||||||||||||||
11,325,000 | g | Chobani LLC | 4.625 | 11/15/28 | 11,551,500 | ||||||||||||
7,775,000 | Kraft Heinz Foods Co | 3.875 | 05/15/27 | 8,467,717 | |||||||||||||
1,675,000 | Kraft Heinz Foods Co | 4.375 | 06/01/46 | 1,750,993 | |||||||||||||
8,050,000 | g | Lamb Weston Holdings, Inc | 4.875 | 11/01/26 | 8,325,712 | ||||||||||||
10,284,000 | g | Post Holdings, Inc | 4.625 | 04/15/30 | 10,309,710 | ||||||||||||
3,632,000 | g | Triton Water Holdings, Inc | 6.250 | 04/01/29 | 3,704,640 | ||||||||||||
TOTAL FOOD, BEVERAGE & TOBACCO | 44,110,272 | ||||||||||||||||
HEALTH CARE EQUIPMENT & SERVICES - 7.0% | |||||||||||||||||
8,575,000 | g | AMN Healthcare Services, Inc | 4.625 | 10/01/27 | 8,767,937 | ||||||||||||
1,375,000 | g | AMN Healthcare Services, Inc | 4.000 | 04/15/29 | 1,368,125 | ||||||||||||
2,000,000 | g | Centene Corp | 5.375 | 08/15/26 | 2,109,800 | ||||||||||||
7,175,000 | Centene Corp | 4.625 | 12/15/29 | 7,765,538 | |||||||||||||
7,050,000 | Centene Corp | 3.375 | 02/15/30 | 7,116,059 | |||||||||||||
2,275,000 | g | CHS/Community Health Systems Inc | 5.625 | 03/15/27 | 2,383,062 | ||||||||||||
800,000 | g | CHS/Community Health Systems Inc | 6.000 | 01/15/29 | 846,000 | ||||||||||||
8,950,000 | g | CHS/Community Health Systems Inc | 6.875 | 04/15/29 | 9,369,486 | ||||||||||||
1,925,000 | g | CHS/Community Health Systems Inc | 4.750 | 02/15/31 | 1,880,532 | ||||||||||||
7,625,000 | g | CHS/Community Health Systems, Inc | 6.625 | 02/15/25 | 8,049,179 | ||||||||||||
2,500,000 | g | CHS/Community Health Systems, Inc | 8.000 | 03/15/26 | 2,703,250 | ||||||||||||
3,850,000 | g | CHS/Community Health Systems, Inc | 8.000 | 12/15/27 | 4,220,216 | ||||||||||||
17,815,000 | g | DaVita, Inc | 4.625 | 06/01/30 | 18,150,991 | ||||||||||||
8,750,000 | g | DaVita, Inc | 3.750 | 02/15/31 | 8,345,138 | ||||||||||||
4,000,000 | Encompass Health Corp | 5.750 | 09/15/25 | 4,132,000 | |||||||||||||
8,100,000 | Encompass Health Corp | 4.500 | 02/01/28 | 8,295,372 | |||||||||||||
3,750,000 | Encompass Health Corp | 4.750 | 02/01/30 | 3,857,629 | |||||||||||||
15,000,000 | g | Global Medical Response, Inc | 6.500 | 10/01/25 | 15,525,000 | ||||||||||||
21,350,000 | HCA, Inc | 5.375 | 02/01/25 | 23,816,245 | |||||||||||||
900,000 | HCA, Inc | 7.500 | 11/06/33 | 1,199,592 | |||||||||||||
15,000,000 | g | LifePoint Health, Inc | 4.375 | 02/15/27 | 14,700,000 | ||||||||||||
4,225,000 | g | LifePoint Health, Inc | 5.375 | 01/15/29 | 4,161,625 | ||||||||||||
4,425,000 | g | MEDNAX, Inc | 6.250 | 01/15/27 | 4,731,653 | ||||||||||||
4,950,000 | g | Molina Healthcare, Inc | 4.375 | 06/15/28 | 5,093,352 | ||||||||||||
22,250,000 | e,g | MPH Acquisition Holdings LLC | 5.750 | 11/01/28 | 21,693,750 | ||||||||||||
5,000,000 | MPT Operating Partnership LP | 5.000 | 10/15/27 | 5,260,025 | |||||||||||||
7,275,000 | MPT Operating Partnership LP | 4.625 | 08/01/29 | 7,653,518 | |||||||||||||
2,290,000 | g | Teleflex, Inc | 4.250 | 06/01/28 | 2,373,013 | ||||||||||||
23,125,000 | Tenet Healthcare Corp | 4.625 | 07/15/24 | 23,603,456 | |||||||||||||
2,625,000 | g | Tenet Healthcare Corp | 7.500 | 04/01/25 | 2,834,134 | ||||||||||||
2,500,000 | g | Tenet Healthcare Corp | 4.625 | 06/15/28 | 2,562,450 |
315 |
TIAA-CREF FUNDS - High-Yield Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 27,050,000 | g | Tenet Healthcare Corp | 6.125 | % | 10/01/28 | $ | 28,233,438 | |||||||||
TOTAL HEALTH CARE EQUIPMENT & SERVICES | 262,801,565 | ||||||||||||||||
INSURANCE - 0.8% | |||||||||||||||||
18,513,000 | g | Acrisure LLC | 4.250 | 02/15/29 | 18,206,610 | ||||||||||||
11,725,000 | g | Alliant Holdings Intermediate LLC | 4.250 | 10/15/27 | 11,739,656 | ||||||||||||
TOTAL INSURANCE | 29,946,266 | ||||||||||||||||
MATERIALS - 7.3% | |||||||||||||||||
1,600,000 | g | Alcoa Nederland Holding BV | 6.750 | 09/30/24 | 1,653,600 | ||||||||||||
1,500,000 | g | Alcoa Nederland Holding BV | 6.125 | 05/15/28 | 1,633,800 | ||||||||||||
3,261,000 | g | Arconic Corp | 6.000 | 05/15/25 | 3,514,657 | ||||||||||||
1,000,000 | Arconic Inc | 5.125 | 10/01/24 | 1,099,900 | |||||||||||||
2,225,000 | g | Ardagh Metal Packaging Finance USA LLC | 4.000 | 09/01/29 | 2,221,373 | ||||||||||||
3,575,000 | g | Axalta Coating Systems LLC | 3.375 | 02/15/29 | 3,486,340 | ||||||||||||
3,000,000 | g | Berry Global, Inc | 4.875 | 07/15/26 | 3,174,465 | ||||||||||||
7,075,000 | g | Berry Global, Inc | 5.625 | 07/15/27 | 7,472,969 | ||||||||||||
8,654,000 | g | Cleveland-Cliffs, Inc | 9.875 | 10/17/25 | 10,138,594 | ||||||||||||
4,325,000 | g | Constellium SE | 3.750 | 04/15/29 | 4,135,046 | ||||||||||||
3,000,000 | Crown Americas LLC | 4.750 | 02/01/26 | 3,111,000 | |||||||||||||
4,625,000 | g | Element Solutions, Inc | 3.875 | 09/01/28 | 4,563,718 | ||||||||||||
7,660,000 | g | Enviva Partners LP | 6.500 | 01/15/26 | 8,023,850 | ||||||||||||
3,000,000 | g | First Quantum Minerals Ltd | 7.500 | 04/01/25 | 3,097,500 | ||||||||||||
4,750,000 | g | First Quantum Minerals Ltd | 6.875 | 03/01/26 | 4,916,250 | ||||||||||||
9,250,000 | Freeport-McMoRan, Inc | 4.550 | 11/14/24 | 10,112,424 | |||||||||||||
4,000,000 | Freeport-McMoRan, Inc | 5.250 | 09/01/29 | 4,374,080 | |||||||||||||
3,100,000 | Freeport-McMoRan, Inc | 5.400 | 11/14/34 | 3,690,596 | |||||||||||||
14,250,000 | Freeport-McMoRan, Inc | 5.450 | 03/15/43 | 17,142,750 | |||||||||||||
6,650,000 | g | GCP Applied Technologies, Inc | 5.500 | 04/15/26 | 6,840,855 | ||||||||||||
6,825,000 | H.B. Fuller Co | 4.250 | 10/15/28 | 6,934,610 | |||||||||||||
2,238,000 | g | Hudbay Minerals, Inc | 4.500 | 04/01/26 | 2,325,976 | ||||||||||||
3,075,000 | g | Hudbay Minerals, Inc | 6.125 | 04/01/29 | 3,282,562 | ||||||||||||
2,600,000 | g | Ingevity Corp | 3.875 | 11/01/28 | 2,522,000 | ||||||||||||
12,250,000 | g | James Hardie International Finance DAC | 5.000 | 01/15/28 | 12,954,375 | ||||||||||||
4,118,000 | g | Joseph T Ryerson & Son, Inc | 8.500 | 08/01/28 | 4,612,160 | ||||||||||||
2,775,000 | g | Kraton Polymers LLC | 4.250 | 12/15/25 | 2,785,406 | ||||||||||||
30,000,000 | g | Nova Chemicals Corp | 4.875 | 06/01/24 | 31,350,000 | ||||||||||||
3,500,000 | g | NV Chemicals Corp | 5.250 | 08/01/23 | 3,521,875 | ||||||||||||
6,575,000 | g | OCI NV | 5.250 | 11/01/24 | 6,838,000 | ||||||||||||
11,875,000 | g | OCI NV | 4.625 | 10/15/25 | 12,275,781 | ||||||||||||
8,450,000 | Olin Corp | 5.125 | 09/15/27 | 8,745,750 | |||||||||||||
11,250,000 | g | Owens-Brockway Glass Container, Inc | 5.875 | 08/15/23 | 12,051,562 | ||||||||||||
3,006,000 | g | PolyOne Corp | 5.750 | 05/15/25 | 3,193,875 | ||||||||||||
9,850,000 | g | Rayonier AM Products, Inc | 7.625 | 01/15/26 | 10,465,625 | ||||||||||||
6,975,000 | g | Standard Industries, Inc | 5.000 | 02/15/27 | 7,271,438 | ||||||||||||
7,000,000 | g | Trinseo Materials Operating S.C.A | 5.375 | 09/01/25 | 7,195,300 | ||||||||||||
3,400,000 | g | Tronox Finance plc | 5.750 | 10/01/25 | 3,546,642 | ||||||||||||
9,702,000 | g | Tronox, Inc | 6.500 | 05/01/25 | 10,405,395 | ||||||||||||
11,587,000 | g | Tronox, Inc | 4.625 | 03/15/29 | 11,601,484 | ||||||||||||
4,940,000 | g | Univar Solutions USA, Inc | 5.125 | 12/01/27 | 5,140,663 | ||||||||||||
4,225,000 | g | US Concrete, Inc | 5.125 | 03/01/29 | 4,351,750 | ||||||||||||
TOTAL MATERIALS | 277,775,996 |
316 |
TIAA-CREF FUNDS - High-Yield Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
MEDIA & ENTERTAINMENT - 8.9% | |||||||||||||||||
$ | 9,250,000 | g | Altice Financing S.A. | 5.000 | % | 01/15/28 | $ | 9,133,774 | |||||||||
2,925,000 | h,g | Arches Buyer, Inc | 4.250 | 06/01/28 | 2,919,735 | ||||||||||||
925,000 | h,g | Arches Buyer, Inc | 6.125 | 12/01/28 | 952,750 | ||||||||||||
5,000,000 | g | CCO Holdings LLC | 5.000 | 02/01/28 | 5,288,250 | ||||||||||||
5,000,000 | g | CCO Holdings LLC | 5.375 | 06/01/29 | 5,362,500 | ||||||||||||
12,250,000 | g | CCO Holdings LLC | 4.500 | 08/15/30 | 12,485,200 | ||||||||||||
19,025,000 | g | CCO Holdings LLC | 4.250 | 02/01/31 | 19,067,235 | ||||||||||||
20,800,000 | g | CCO Holdings LLC | 4.500 | 05/01/32 | 21,060,000 | ||||||||||||
11,475,000 | e,g | Cinemark USA, Inc | 8.750 | 05/01/25 | 12,565,125 | ||||||||||||
5,000,000 | g | Clear Channel Worldwide Holdings, Inc | 5.125 | 08/15/27 | 5,028,750 | ||||||||||||
10,850,000 | g | CSC Holdings LLC | 5.500 | 04/15/27 | 11,396,297 | ||||||||||||
14,250,000 | g | CSC Holdings LLC | 7.500 | 04/01/28 | 15,714,900 | ||||||||||||
4,350,000 | g | CSC Holdings LLC | 6.500 | 02/01/29 | 4,806,750 | ||||||||||||
6,725,000 | g | CSC Holdings LLC | 5.750 | 01/15/30 | 7,083,073 | ||||||||||||
17,600,000 | g | CSC Holdings LLC | 4.625 | 12/01/30 | 17,311,624 | ||||||||||||
8,400,000 | g | CSC Holdings LLC | 3.375 | 02/15/31 | 7,917,000 | ||||||||||||
8,175,000 | g | Diamond Sports Group LLC | 5.375 | 08/15/26 | 5,886,000 | ||||||||||||
4,030,000 | DISH DBS Corp | 5.000 | 03/15/23 | 4,204,297 | |||||||||||||
13,500,000 | DISH DBS Corp | 7.750 | 07/01/26 | 14,900,422 | |||||||||||||
17,400,000 | DISH DBS Corp | 7.375 | 07/01/28 | 18,253,470 | |||||||||||||
7,675,000 | g | Gray Escrow, Inc | 7.000 | 05/15/27 | 8,346,563 | ||||||||||||
9,600,000 | g | Gray Television, Inc | 5.875 | 07/15/26 | 9,948,000 | ||||||||||||
9,900,000 | g | Gray Television, Inc | 4.750 | 10/15/30 | 9,813,375 | ||||||||||||
3,225,000 | Lamar Media Corp | 3.750 | 02/15/28 | 3,220,969 | |||||||||||||
4,375,000 | Lamar Media Corp | 4.875 | 01/15/29 | 4,560,938 | |||||||||||||
4,050,000 | Lamar Media Corp | 4.000 | 02/15/30 | 4,038,741 | |||||||||||||
14,650,000 | g | LCPR Senior Secured Financing DAC | 5.125 | 07/15/29 | 14,908,133 | ||||||||||||
3,475,000 | g | Match Group, Inc | 4.625 | 06/01/28 | 3,550,616 | ||||||||||||
8,772,000 | g | Meredith Corp | 6.500 | 07/01/25 | 9,411,303 | ||||||||||||
4,772,000 | e | Meredith Corp | 6.875 | 02/01/26 | 4,907,644 | ||||||||||||
3,990,000 | g | Outfront Media Capital LLC | 4.250 | 01/15/29 | 3,841,253 | ||||||||||||
2,975,000 | g | Playtika Holding Corp | 4.250 | 03/15/29 | 2,930,970 | ||||||||||||
5,300,000 | g | PM General Purchaser LLC | 9.500 | 10/01/28 | 5,657,750 | ||||||||||||
8,250,000 | g | Rackspace Technology Global, Inc | 3.500 | 02/15/28 | 7,929,488 | ||||||||||||
8,100,000 | g | Sirius XM Radio, Inc | 5.375 | 07/15/26 | 8,363,250 | ||||||||||||
9,775,000 | g | Sirius XM Radio, Inc | 4.125 | 07/01/30 | 9,786,241 | ||||||||||||
12,425,000 | TEGNA, Inc | 4.625 | 03/15/28 | 12,642,438 | |||||||||||||
9,325,000 | g | Virgin Media Secured Finance plc | 5.500 | 05/15/29 | 9,896,156 | ||||||||||||
TOTAL MEDIA & ENTERTAINMENT | 335,090,980 | ||||||||||||||||
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 2.2% | |||||||||||||||||
10,795,000 | g | Avantor Funding, Inc | 4.625 | 07/15/28 | 11,273,866 | ||||||||||||
5,250,000 | g | Bausch Health Cos, Inc | 7.000 | 01/15/28 | 5,699,137 | ||||||||||||
2,625,000 | g | Emergent BioSolutions, Inc | 3.875 | 08/15/28 | 2,565,938 | ||||||||||||
6,952,000 | g | Endo Luxembourg Finance Co I Sarl | 6.125 | 04/01/29 | 7,012,830 | ||||||||||||
14,600,000 | g | Horizon Pharma USA, Inc | 5.500 | 08/01/27 | 15,585,500 | ||||||||||||
3,000,000 | g | Jaguar Holding Co II | 4.625 | 06/15/25 | 3,129,900 | ||||||||||||
2,775,000 | g | Jaguar Holding Co II | 5.000 | 06/15/28 | 2,890,162 | ||||||||||||
8,000,000 | g | Par Pharmaceutical, Inc | 7.500 | 04/01/27 | 8,485,200 | ||||||||||||
4,750,000 | g | Valeant Pharmaceuticals International, Inc | 9.000 | 12/15/25 | 5,160,733 | ||||||||||||
4,750,000 | g | Valeant Pharmaceuticals International, Inc | 9.250 | 04/01/26 | 5,263,000 | ||||||||||||
15,100,000 | g | VRX Escrow Corp | 6.125 | 04/15/25 | 15,480,520 | ||||||||||||
TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 82,546,786 |
317 |
TIAA-CREF FUNDS - High-Yield Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
REAL ESTATE - 2.6% | |||||||||||||||||
$ | 8,925,000 | g | Cushman & Wakefield US Borrower LLC | 6.750 | % | 05/15/28 | $ | 9,650,156 | |||||||||
6,250,000 | Diversified Healthcare Trust | 4.375 | 03/01/31 | 6,100,500 | |||||||||||||
7,250,000 | g | HAT Holdings I LLC | 6.000 | 04/15/25 | 7,648,750 | ||||||||||||
4,776,000 | g | Howard Hughes Corp | 4.125 | 02/01/29 | 4,669,591 | ||||||||||||
5,099,000 | g | Howard Hughes Corp | 4.375 | 02/01/31 | 4,993,833 | ||||||||||||
13,425,000 | g | Iron Mountain, Inc | 4.875 | 09/15/27 | 13,735,453 | ||||||||||||
8,100,000 | g | Iron Mountain, Inc | 4.500 | 02/15/31 | 8,007,660 | ||||||||||||
12,050,000 | iStar, Inc | 4.750 | 10/01/24 | 12,536,881 | |||||||||||||
8,472,000 | Kennedy-Wilson, Inc | 4.750 | 03/01/29 | 8,577,900 | |||||||||||||
11,771,000 | Kennedy-Wilson, Inc | 5.000 | 03/01/31 | 11,921,080 | |||||||||||||
2,937,000 | g | MGM Growth Properties Operating Partnership LP | 4.625 | 06/15/25 | 3,097,654 | ||||||||||||
3,895,000 | g | SBA Communications Corp | 3.125 | 02/01/29 | 3,743,679 | ||||||||||||
1,900,000 | g | VICI Properties LP | 4.250 | 12/01/26 | 1,943,862 | ||||||||||||
2,900,000 | g | VICI Properties LP | 4.125 | 08/15/30 | 2,925,230 | ||||||||||||
TOTAL REAL ESTATE | 99,552,229 | ||||||||||||||||
RETAILING - 2.8% | |||||||||||||||||
7,050,000 | g | Group 1 Automotive, Inc | 4.000 | 08/15/28 | 7,005,937 | ||||||||||||
1,993,000 | g | L Brands, Inc | 9.375 | 07/01/25 | 2,481,285 | ||||||||||||
6,650,000 | L Brands, Inc | 5.250 | 02/01/28 | 7,132,125 | |||||||||||||
7,250,000 | g | L Brands, Inc | 6.625 | 10/01/30 | 8,278,050 | ||||||||||||
5,400,000 | g | Lithia Motors, Inc | 5.250 | 08/01/25 | 5,562,000 | ||||||||||||
8,830,000 | g | Lithia Motors, Inc | 4.625 | 12/15/27 | 9,172,163 | ||||||||||||
1,950,000 | g | Lithia Motors, Inc | 4.375 | 01/15/31 | 2,023,993 | ||||||||||||
9,145,000 | Penske Automotive Group, Inc | 5.500 | 05/15/26 | 9,410,662 | |||||||||||||
1,925,000 | g | PetSmart, Inc | 4.750 | 02/15/28 | 1,968,717 | ||||||||||||
15,000,000 | g | Staples, Inc | 7.500 | 04/15/26 | 15,821,250 | ||||||||||||
31,700,000 | g | Staples, Inc | 10.750 | 04/15/27 | 31,303,750 | ||||||||||||
2,675,000 | g | Summit Materials LLC | 5.250 | 01/15/29 | 2,792,031 | ||||||||||||
TOTAL RETAILING | 102,951,963 | ||||||||||||||||
SOFTWARE & SERVICES - 1.6% | |||||||||||||||||
2,705,000 | g | Black Knight InfoServ LLC | 3.625 | 09/01/28 | 2,657,960 | ||||||||||||
3,050,000 | g | Booz Allen Hamilton, Inc | 3.875 | 09/01/28 | 3,066,013 | ||||||||||||
6,150,000 | g | Camelot Finance S.A. | 4.500 | 11/01/26 | 6,358,608 | ||||||||||||
6,050,000 | g | Gartner, Inc | 4.500 | 07/01/28 | 6,239,062 | ||||||||||||
6,525,000 | g | j2 Global, Inc | 4.625 | 10/15/30 | 6,590,250 | ||||||||||||
12,000,000 | g | Open Text Corp | 5.875 | 06/01/26 | 12,405,000 | ||||||||||||
4,125,000 | g | Open Text Holdings, Inc | 4.125 | 02/15/30 | 4,181,471 | ||||||||||||
1,080,000 | g | Presidio Holdings, Inc | 4.875 | 02/01/27 | 1,107,022 | ||||||||||||
5,300,000 | g | SS&C Technologies, Inc | 5.500 | 09/30/27 | 5,644,765 | ||||||||||||
9,675,000 | Twilio, Inc | 3.625 | 03/15/29 | 9,794,293 | |||||||||||||
2,275,000 | g | Unisys Corp | 6.875 | 11/01/27 | 2,491,125 | ||||||||||||
TOTAL SOFTWARE & SERVICES | 60,535,569 | ||||||||||||||||
TECHNOLOGY HARDWARE & EQUIPMENT - 2.2% | |||||||||||||||||
9,925,000 | g | CommScope Finance LLC | 8.250 | 03/01/27 | 10,619,750 | ||||||||||||
16,206,000 | g | CommScope Technologies LLC | 6.000 | 06/15/25 | 16,530,930 | ||||||||||||
4,000,000 | g | CommScope Technologies LLC | 5.000 | �� | 03/15/27 | 3,962,520 | |||||||||||
9,175,000 | e | Diebold Nixdorf, Inc | 8.500 | 04/15/24 | 9,372,262 | ||||||||||||
9,150,000 | g | Diebold Nixdorf, Inc | 9.375 | 07/15/25 | 10,190,813 | ||||||||||||
3,650,000 | g | MTS Systems Corp | 5.750 | 08/15/27 | 3,976,219 |
318 |
TIAA-CREF FUNDS - High-Yield Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 550,000 | g | NCR Corp | 8.125 | % | 04/15/25 | $ | 602,250 | |||||||||
5,725,000 | g | NCR Corp | 5.000 | 10/01/28 | 5,782,250 | ||||||||||||
4,800,000 | g | Sensata Technologies BV | 4.000 | 04/15/29 | 4,886,544 | ||||||||||||
8,650,000 | g | TTM Technologies, Inc | 4.000 | 03/01/29 | 8,541,875 | ||||||||||||
5,761,000 | g | Via Stat Inc | 5.625 | 09/15/25 | 5,855,826 | ||||||||||||
TOTAL TECHNOLOGY HARDWARE & EQUIPMENT | 80,321,239 | ||||||||||||||||
TELECOMMUNICATION SERVICES - 4.0% | |||||||||||||||||
19,150,000 | g | Altice France S.A. | 7.375 | 05/01/26 | 19,917,915 | ||||||||||||
8,675,000 | g | Altice France S.A. | 8.125 | 02/01/27 | 9,508,667 | ||||||||||||
20,775,000 | g | Avaya, Inc | 6.125 | 09/15/28 | 22,054,013 | ||||||||||||
16,400,000 | CenturyLink, Inc | 7.500 | 04/01/24 | 18,381,938 | |||||||||||||
1,475,000 | Hughes Satellite Systems Corp | 5.250 | 08/01/26 | 1,623,223 | |||||||||||||
6,825,000 | g | Level 3 Financing, Inc | 4.250 | 07/01/28 | 6,902,191 | ||||||||||||
3,225,000 | g | QualityTech LP | 3.875 | 10/01/28 | 3,208,875 | ||||||||||||
4,500,000 | Sprint Capital Corp | 8.750 | 03/15/32 | 6,654,375 | |||||||||||||
6,900,000 | Sprint Corp | 7.875 | 09/15/23 | 7,886,700 | |||||||||||||
10,450,000 | Sprint Corp | 7.625 | 02/15/25 | 12,461,625 | |||||||||||||
9,500,000 | Sprint Corp | 7.625 | 03/01/26 | 11,634,650 | |||||||||||||
9,300,000 | g | Telecom Italia S.p.A | 5.303 | 05/30/24 | 10,072,598 | ||||||||||||
6,930,000 | T-Mobile USA, Inc | 2.250 | 02/15/26 | 6,979,827 | |||||||||||||
16,600,000 | g | Zayo Group Holdings, Inc | 4.000 | 03/01/27 | 16,309,500 | ||||||||||||
TOTAL TELECOMMUNICATION SERVICES | 153,596,097 | ||||||||||||||||
TRANSPORTATION - 1.6% | |||||||||||||||||
11,691,000 | g | American Airlines, Inc | 5.500 | 04/20/26 | 12,166,707 | ||||||||||||
10,675,000 | g | Cargo Aircraft Management, Inc | 4.750 | 02/01/28 | 11,021,937 | ||||||||||||
14,206,000 | g | Delta Air Lines, Inc | 7.000 | 05/01/25 | 16,364,708 | ||||||||||||
5,975,000 | g | Delta Air Lines, Inc | 4.750 | 10/20/28 | 6,497,190 | ||||||||||||
1,270,000 | g | Hawaiian Brand Intellectual Property Ltd | 5.750 | 01/20/26 | 1,349,502 | ||||||||||||
1,800,000 | g | Meccanica Holdings USA, Inc | 7.375 | 07/15/39 | 2,286,000 | ||||||||||||
9,450,000 | g | Mileage Plus Holdings LLC | 6.500 | 06/20/27 | 10,359,563 | ||||||||||||
TOTAL TRANSPORTATION | 60,045,607 | ||||||||||||||||
�� | �� | ||||||||||||||||
UTILITIES - 1.6% | |||||||||||||||||
11,474,000 | g | Calpine Corp | 5.250 | 06/01/26 | 11,798,140 | ||||||||||||
6,625,000 | g | Calpine Corp | 3.750 | 03/01/31 | 6,314,288 | ||||||||||||
2,400,000 | g | Clearway Energy Operating LLC | 4.750 | 03/15/28 | 2,496,936 | ||||||||||||
10,000,000 | Edison International | 5.375 | N/A‡ | 10,138,000 | |||||||||||||
5,750,000 | g | NextEra Energy Operating Partners LP | 4.250 | 07/15/24 | 6,051,875 | ||||||||||||
482,000 | g | NextEra Energy Operating Partners LP | 4.250 | 09/15/24 | 508,510 | ||||||||||||
826,000 | NRG Energy, Inc | 6.625 | 01/15/27 | 859,040 | |||||||||||||
2,563,000 | g | Pattern Energy Operations LP | 4.500 | 08/15/28 | 2,604,649 | ||||||||||||
9,000,000 | g | Talen Energy Supply LLC | 10.500 | 01/15/26 | 8,055,000 | ||||||||||||
9,950,000 | g | Talen Energy Supply LLC | 7.625 | 06/01/28 | 10,074,375 | ||||||||||||
TOTAL UTILITIES | 58,900,813 | ||||||||||||||||
TOTAL CORPORATE BONDS | 3,211,439,167 | ||||||||||||||||
(Cost $3,078,939,073) | |||||||||||||||||
TOTAL BONDS | 3,211,439,167 | ||||||||||||||||
(Cost $3,078,939,073) |
319 |
TIAA-CREF FUNDS - High-Yield Fund
SHARES | COMPANY | RATE | MATURITY DATE | VALUE | |||||||||||||
COMMON STOCKS - 0.0% | |||||||||||||||||
ENERGY - 0.0% | |||||||||||||||||
7,963 | *,† | Cloud Peak Energy, Inc | $ | 80 | |||||||||||||
TOTAL ENERGY | 80 | ||||||||||||||||
TOTAL COMMON STOCKS | 80 | ||||||||||||||||
(Cost $0) | |||||||||||||||||
RIGHTS / WARRANTS - 0.0% | |||||||||||||||||
ENERGY - 0.0% | |||||||||||||||||
1,264,286 | † | Spectacle Bidco Holding, Inc | 12,643 | ||||||||||||||
TOTAL ENERGY | 12,643 | ||||||||||||||||
TOTAL RIGHTS / WARRANTS | 12,643 | ||||||||||||||||
(Cost $13,190,416) | |||||||||||||||||
PRINCIPAL | ISSUER | ||||||||||||||||
SHORT-TERM INVESTMENTS - 4.7% | |||||||||||||||||
GOVERNMENT AGENCY DEBT - 2.1% | |||||||||||||||||
$ | 1,353,000 | Federal Farm Credit Bank (FFCB) | 0.010 | % | 04/01/21 | 1,353,000 | |||||||||||
10,546,000 | Federal Home Loan Bank (FHLB) | 0.085 | 04/08/21 | 10,546,000 | |||||||||||||
5,765,000 | FHLB | 0.020 | 04/09/21 | 5,765,000 | |||||||||||||
15,000,000 | FHLB | 0.039 | 04/14/21 | 15,000,000 | |||||||||||||
3,088,000 | FHLB | 0.032 | 04/28/21 | 3,088,000 | |||||||||||||
18,856,000 | FHLB | 0.025 | 05/07/21 | 18,855,812 | |||||||||||||
8,230,000 | FHLB | 0.035 | 06/04/21 | 8,229,707 | |||||||||||||
7,200,000 | FHLB | 0.010 | 06/23/21 | 7,199,668 | |||||||||||||
10,000,000 | Tennessee Valley Authority (TVA) | 0.022 | 04/07/21 | 10,000,000 | |||||||||||||
TOTAL GOVERNMENT AGENCY DEBT | 80,037,187 | ||||||||||||||||
TREASURY DEBT - 1.5% | |||||||||||||||||
30,000,000 | United States Treasury Bill | 0.020 | 04/13/21 | 29,999,950 | |||||||||||||
13,324,000 | United States Treasury Bill | 0.015 | 04/22/21 | 13,323,922 | |||||||||||||
15,000,000 | United States Treasury Bill | 0.031 | 06/01/21 | 14,999,619 | |||||||||||||
TOTAL TREASURY DEBT | 58,323,491 | ||||||||||||||||
SHARES | COMPANY | ||||||||||||||||
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 1.1% | |||||||||||||||||
40,248,079 | c | State Street Navigator Securities Lending Government Money Market Portfolio | 0.030 | 40,248,079 | |||||||||||||
TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES | 40,248,079 | ||||||||||||||||
TOTAL SHORT-TERM INVESTMENTS | 178,608,757 | ||||||||||||||||
(Cost $178,607,317) | |||||||||||||||||
TOTAL INVESTMENTS - 99.5% | 3,767,077,260 | ||||||||||||||||
(Cost $3,645,959,556) | |||||||||||||||||
OTHER ASSETS & LIABILITIES, NET - 0.5% | 17,320,319 | ||||||||||||||||
NET ASSETS - 100.0% | $ | 3,784,397,579 |
320 |
TIAA-CREF FUNDS - High-Yield Fund
Abbreviation(s): | |||
LIBOR | London Interbank Offered Rate | ||
M | Month | ||
* | Non-income producing | ||
† | Security is categorized as Level 3 in the fair value hierarchy. | ||
‡ | Perpetual security | ||
c | Investments made with cash collateral received from securities on loan. | ||
e | All or a portion of these securities are out on loan. The aggregate value of securities on loan is $38,661,785. | ||
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 3/31/2021, the aggregate value of these securities is $2,146,635,558 or 56.7% 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. | ||
o | Payment in Kind Bond |
321 |
TIAA-CREF FUNDS - Inflation-Linked Bond Fund
TIAA-CREF FUNDS
INFLATION-LINKED BOND FUND
SCHEDULE OF INVESTMENTS
March 31, 2021
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
BONDS - 99.4% | ||||||||||||||||
GOVERNMENT BONDS - 99.4% | ||||||||||||||||
AGENCY SECURITIES - 0.5% | ||||||||||||||||
$ | 1,752,863 | HNA LLC | 2.369 | % | 09/18/27 | $ | 1,841,350 | |||||||||
8,925,000 | Montefiore Medical Center | 2.895 | 04/20/32 | 9,676,472 | ||||||||||||
3,000,000 | Private Export Funding Corp (PEFCO) | 3.250 | 06/15/25 | 3,264,884 | ||||||||||||
3,289,474 | Reliance Industries Ltd | 2.444 | 01/15/26 | 3,438,081 | ||||||||||||
TOTAL AGENCY SECURITIES | 18,220,787 | |||||||||||||||
MORTGAGE BACKED - 2.9% | ||||||||||||||||
10,654,323 | Government National Mortgage Association (GNMA) | 3.600 | 09/15/31 | 11,343,773 | ||||||||||||
5,376,159 | GNMA | 3.700 | 10/15/33 | 5,782,112 | ||||||||||||
1,558,432 | GNMA | 3.380 | 07/15/35 | 1,655,503 | ||||||||||||
1,472,592 | GNMA | 3.870 | 10/15/36 | 1,595,132 | ||||||||||||
5,340,691 | GNMA | 3.940 | 03/15/37 | 5,776,167 | ||||||||||||
19,784,864 | GNMA | 1.730 | 07/15/37 | 19,478,463 | ||||||||||||
22,349,586 | GNMA | 4.250 | 09/15/38 | 24,334,507 | ||||||||||||
13,868,487 | GNMA | 1.650 | 07/15/42 | 13,335,887 | ||||||||||||
13,551,397 | GNMA | 2.750 | 01/15/45 | 14,207,591 | ||||||||||||
TOTAL MORTGAGE BACKED | 97,509,135 | |||||||||||||||
U.S. TREASURY SECURITIES - 96.0% | ||||||||||||||||
116,983,162 | k | United States Treasury Inflation Indexed Bonds | 0.125 | 04/15/22 | 120,305,301 | |||||||||||
131,521,998 | k | United States Treasury Inflation Indexed Bonds | 0.125 | 07/15/22 | 136,740,064 | |||||||||||
132,590,867 | k | United States Treasury Inflation Indexed Bonds | 0.125 | 01/15/23 | 139,054,671 | |||||||||||
118,984,480 | k | United States Treasury Inflation Indexed Bonds | 0.625 | 04/15/23 | 126,588,332 | |||||||||||
125,312,620 | k | United States Treasury Inflation Indexed Bonds | 0.375 | 07/15/23 | 134,155,482 | |||||||||||
134,534,019 | k | United States Treasury Inflation Indexed Bonds | 0.625 | 01/15/24 | 145,855,547 | |||||||||||
106,704,173 | k | United States Treasury Inflation Indexed Bonds | 0.500 | 04/15/24 | 115,660,098 | |||||||||||
132,984,095 | k | United States Treasury Inflation Indexed Bonds | 0.125 | 07/15/24 | 143,869,571 | |||||||||||
84,101,325 | k | United States Treasury Inflation Indexed Bonds | 0.125 | 10/15/24 | 90,967,409 | |||||||||||
135,618,464 | k | United States Treasury Inflation Indexed Bonds | 0.250 | 01/15/25 | 147,303,195 | |||||||||||
105,944,229 | k | United States Treasury Inflation Indexed Bonds | 2.375 | 01/15/25 | 124,101,663 | |||||||||||
25,315,400 | k | United States Treasury Inflation Indexed Bonds | 0.125 | 04/15/25 | 27,403,921 | |||||||||||
120,409,108 | k | United States Treasury Inflation Indexed Bonds | 0.375 | 07/15/25 | 132,644,428 | |||||||||||
123,480,000 | k | United States Treasury Inflation Indexed Bonds | 0.125 | 10/15/25 | 134,512,810 | |||||||||||
119,742,913 | k | United States Treasury Inflation Indexed Bonds | 0.625 | 01/15/26 | 133,145,388 | |||||||||||
64,690,156 | k | United States Treasury Inflation Indexed Bonds | 2.000 | 01/15/26 | 76,437,989 | |||||||||||
96,161,287 | k | United States Treasury Inflation Indexed Bonds | 0.125 | 07/15/26 | 105,087,508 | |||||||||||
111,792,905 | k | United States Treasury Inflation Indexed Bonds | 0.375 | 01/15/27 | 123,302,625 | |||||||||||
45,727,511 | k | United States Treasury Inflation Indexed Bonds | 2.375 | 01/15/27 | 55,984,048 | |||||||||||
87,749,244 | k | United States Treasury Inflation Indexed Bonds | 0.375 | 07/15/27 | 97,314,255 | |||||||||||
128,405,963 | k | United States Treasury Inflation Indexed Bonds | 0.500 | 01/15/28 | 143,000,437 | |||||||||||
68,690,967 | k | United States Treasury Inflation Indexed Bonds | 1.750 | 01/15/28 | 82,606,254 | |||||||||||
53,103,290 | k | United States Treasury Inflation Indexed Bonds | 3.625 | 04/15/28 | 71,492,379 |
322 |
TIAA-CREF FUNDS - Inflation-Linked Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 68,633,247 | k | United States Treasury Inflation Indexed Bonds | 0.750 | % | 07/15/28 | $ | 78,258,881 | ||||||||
84,315,748 | k | United States Treasury Inflation Indexed Bonds | 0.875 | 01/15/29 | 96,679,862 | |||||||||||
41,765,987 | k | United States Treasury Inflation Indexed Bonds | 2.500 | 01/15/29 | 53,434,360 | |||||||||||
70,898,842 | k | United States Treasury Inflation Indexed Bonds | 3.875 | 04/15/29 | 99,503,478 | |||||||||||
47,034,540 | k | United States Treasury Inflation Indexed Bonds | 0.250 | 07/15/29 | 51,751,468 | |||||||||||
55,911,350 | k | United States Treasury Inflation Indexed Bonds | 0.125 | 01/15/30 | 60,494,188 | |||||||||||
98,440,615 | k | United States Treasury Inflation Indexed Bonds | 0.125 | 07/15/30 | 106,840,112 | |||||||||||
35,165,550 | k | United States Treasury Inflation Indexed Bonds | 0.125 | 01/15/31 | 37,851,960 | |||||||||||
53,047,000 | k | United States Treasury Inflation Indexed Bonds | 3.375 | 04/15/32 | 77,255,910 | |||||||||||
10,045,900 | k | United States Treasury Inflation Indexed Bonds | 0.125 | 02/15/51 | 10,113,788 | |||||||||||
TOTAL U.S. TREASURY SECURITIES | 3,279,717,382 | |||||||||||||||
TOTAL GOVERNMENT BONDS | 3,395,447,304 | |||||||||||||||
(Cost $3,132,389,144) | ||||||||||||||||
TOTAL BONDS | 3,395,447,304 | |||||||||||||||
(Cost $3,132,389,144) | ||||||||||||||||
SHORT-TERM INVESTMENTS - 0.6% | ||||||||||||||||
GOVERNMENT AGENCY DEBT - 0.6% | ||||||||||||||||
9,860,000 | Federal Home Loan Bank (FHLB) | 0.005 | 04/13/21 | 9,860,000 | ||||||||||||
6,047,000 | FHLB | 0.010 | 04/16/21 | 6,047,000 | ||||||||||||
7,495,000 | FHLB | 0.010 | 05/12/21 | 7,494,915 | ||||||||||||
TOTAL GOVERNMENT AGENCY DEBT | 23,401,915 | |||||||||||||||
SHARES | COMPANY | |||||||||||||||
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.0% | ||||||||||||||||
713 | c | State Street Navigator Securities Lending Government Money Market Portfolio | 0.030 | 713 | ||||||||||||
TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES | 713 | |||||||||||||||
TOTAL SHORT-TERM INVESTMENTS | 23,402,628 | |||||||||||||||
(Cost $23,402,591) | ||||||||||||||||
TOTAL INVESTMENTS - 100.0% | 3,418,849,932 | |||||||||||||||
(Cost $3,155,791,735) | ||||||||||||||||
OTHER ASSETS & LIABILITIES, NET - (0.0)% | (1,375,162 | ) | ||||||||||||||
NET ASSETS - 100.0% | $ | 3,417,474,770 |
c | Investments made with cash collateral received from securities on loan. | ||
k | Principal amount for interest accrual purposes is periodically adjusted based on changes in the Consumer Price Index. | ||
Futures contracts outstanding as of March 31, 2021 were as follows:
Description | Number of long (short) contracts | Expiration date | Notional amount | Value | Unrealized appreciation (depreciation) | |||||||||||||
US Ultra Bond (CBT) | (50 | ) | 06/21/21 | $ | (9,412,010 | ) | $ | (9,060,938 | ) | $ | 351,072 |
323 |
TIAA-CREF FUNDS - Short Duration Impact Bond Fund
TIAA-CREF FUNDS
SHORT DURATION IMPACT BOND FUND
SCHEDULE OF INVESTMENTS
March 31, 2021
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | |||||||||||||
BANK LOAN OBLIGATIONS - 1.5% | ||||||||||||||||||
UTILITIES - 1.5% | ||||||||||||||||||
$ | 498,750 | i | Exgen Renewables IV LLC | LIBOR 3 M + 2.750% | 3.750 | % | 12/15/27 | $ | 498,960 | |||||||||
TOTAL UTILITIES | 498,960 | |||||||||||||||||
TOTAL BANK LOAN OBLIGATIONS | 498,960 | |||||||||||||||||
(Cost $496,338) | ||||||||||||||||||
BONDS - 94.1% | ||||||||||||||||||
CORPORATE BONDS - 42.0% | ||||||||||||||||||
AUTOMOBILES & COMPONENTS - 1.0% | ||||||||||||||||||
350,000 | g | Hyundai Capital Services, Inc | 1.250 | 02/08/26 | 341,329 | |||||||||||||
TOTAL AUTOMOBILES & COMPONENTS | 341,329 | |||||||||||||||||
BANKS - 9.7% | ||||||||||||||||||
250,000 | Bank of America Corp | 0.981 | 09/25/25 | 249,350 | ||||||||||||||
250,000 | Citigroup, Inc | 1.678 | 05/15/24 | 255,093 | ||||||||||||||
250,000 | Citigroup, Inc | 0.776 | 10/30/24 | 249,830 | ||||||||||||||
500,000 | i | Citigroup, Inc | LIBOR 3 M + 1.250% | 1.452 | 07/01/26 | 511,940 | ||||||||||||
500,000 | HSBC Holdings plc | 3.033 | 11/22/23 | 520,033 | ||||||||||||||
225,000 | JPMorgan Chase & Co | 0.563 | 02/16/25 | 223,327 | ||||||||||||||
250,000 | Lloyds Banking Group plc | 4.500 | 11/04/24 | 277,888 | ||||||||||||||
�� | 250,000 | Royal Bank of Scotland Group plc | 2.359 | 05/22/24 | 257,932 | |||||||||||||
250,000 | g,i | Standard Chartered plc | SOFR + 1.250% | 1.281 | 10/14/23 | 252,737 | ||||||||||||
400,000 | g | USAA Capital Corp | 1.500 | 05/01/23 | 408,637 | |||||||||||||
TOTAL BANKS | 3,206,767 | |||||||||||||||||
CAPITAL GOODS - 3.1% | ||||||||||||||||||
250,000 | CNH Industrial Capital LLC | 4.875 | 04/01/21 | 250,000 | ||||||||||||||
500,000 | CNH Industrial Capital LLC | 1.950 | 07/02/23 | 513,438 | ||||||||||||||
250,000 | g,i | Siemens Financieringsmaatschappij NV | SOFR + 0.430% | 0.440 | 03/11/24 | 250,747 | ||||||||||||
TOTAL CAPITAL GOODS | 1,014,185 | |||||||||||||||||
CONSUMER SERVICES - 2.4% | ||||||||||||||||||
550,000 | Nature Conservancy | 0.467 | 07/01/23 | 549,502 | ||||||||||||||
260,000 | i | Nature Conservancy | LIBOR 3 M + 1.080% | 1.285 | 02/01/24 | 260,801 | ||||||||||||
TOTAL CONSUMER SERVICES | 810,303 | |||||||||||||||||
DIVERSIFIED FINANCIALS - 5.8% | ||||||||||||||||||
250,000 | Century Housing Corp | 3.995 | 11/01/21 | 252,837 | ||||||||||||||
250,000 | Goldman Sachs Group, Inc | 0.855 | 02/12/26 | 245,726 | ||||||||||||||
250,000 | Morgan Stanley | 0.985 | 12/10/26 | 244,023 | ||||||||||||||
260,000 | g | NongHyup Bank | 1.250 | 07/20/25 | 258,321 | |||||||||||||
250,000 | Reinvestment Fund, Inc | 3.477 | 02/15/23 | 254,248 |
324 |
TIAA-CREF FUNDS - Short Duration Impact Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 125,000 | g | Starwood Property Trust, Inc | 5.500 | % | 11/01/23 | $ | 130,625 | ||||||||||
250,000 | g | WLB Asset II B Pte Ltd | 3.950 | 12/10/24 | 247,482 | |||||||||||||
250,000 | g | WLB Asset II Pte Ltd | 4.000 | 01/14/24 | 256,324 | |||||||||||||
TOTAL DIVERSIFIED FINANCIALS | 1,889,586 | |||||||||||||||||
ENERGY - 2.1% | ||||||||||||||||||
250,000 | g | Aker BP ASA | 2.875 | 01/15/26 | 258,183 | |||||||||||||
150,000 | EQT Corp | 7.625 | 02/01/25 | 172,633 | ||||||||||||||
250,000 | i | Valero Energy Corp | LIBOR 3 M + 1.150% | 1.334 | 09/15/23 | 250,846 | ||||||||||||
TOTAL ENERGY | 681,662 | |||||||||||||||||
MATERIALS - 0.8% | ||||||||||||||||||
250,000 | Newmont Goldcorp Corp | 3.625 | 06/09/21 | 250,087 | ||||||||||||||
TOTAL MATERIALS | 250,087 | |||||||||||||||||
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 4.8% | ||||||||||||||||||
500,000 | i | AbbVie, Inc | LIBOR 3 M + 0.650% | 0.832 | 11/21/22 | 503,071 | ||||||||||||
1,075,000 | g,i | Roche Holdings, Inc | SOFR + 0.240% | 0.251 | 03/05/24 | 1,075,745 | ||||||||||||
TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 1,578,816 | |||||||||||||||||
REAL ESTATE - 1.2% | ||||||||||||||||||
300,000 | Federal Realty Investment Trust | 1.250 | 02/15/26 | 296,226 | ||||||||||||||
100,000 | g | HAT Holdings I LLC | 5.250 | 07/15/24 | 103,250 | |||||||||||||
TOTAL REAL ESTATE | 399,476 | |||||||||||||||||
TELECOMMUNICATION SERVICES - 0.8% | ||||||||||||||||||
250,000 | i | Verizon Communications, Inc | SOFR + 0.790% | 0.800 | 03/20/26 | 251,446 | ||||||||||||
TOTAL TELECOMMUNICATION SERVICES | 251,446 | |||||||||||||||||
TRANSPORTATION - 1.6% | ||||||||||||||||||
242,526 | Delta Air Lines, Inc | 2.000 | 06/10/28 | 242,888 | ||||||||||||||
286,446 | Delta Air Lines, Inc | 2.500 | 06/10/28 | 290,246 | ||||||||||||||
TOTAL TRANSPORTATION | 533,134 | |||||||||||||||||
UTILITIES - 8.7% | ||||||||||||||||||
300,000 | g | AES Corp | 1.375 | 01/15/26 | 292,393 | |||||||||||||
250,000 | i | Atmos Energy Corp | LIBOR 3 M + 0.380% | 0.565 | 03/09/23 | 250,027 | ||||||||||||
300,000 | Avangrid, Inc | 3.200 | 04/15/25 | 321,195 | ||||||||||||||
250,000 | g | Azure Power Energy Ltd | 5.500 | 11/03/22 | 255,001 | |||||||||||||
600,000 | i | CenterPoint Energy Resources Corp | LIBOR 3 M + 0.500% | 0.684 | 03/02/23 | 600,170 | ||||||||||||
250,000 | g | Hanwha Energy USA Holdings Corp | 2.375 | 07/30/22 | 255,791 | |||||||||||||
300,000 | g | Korea Hydro & Nuclear Power Co Ltd | 3.750 | 07/25/23 | 321,533 | |||||||||||||
300,000 | National Fuel Gas Co | 5.500 | 01/15/26 | 342,853 | ||||||||||||||
250,000 | i | NextEra Energy Capital Holdings, Inc | SOFR + 0.540% | 0.550 | 03/01/23 | 250,625 | ||||||||||||
TOTAL UTILITIES | 2,889,588 | |||||||||||||||||
TOTAL CORPORATE BONDS | 13,846,379 | |||||||||||||||||
(Cost $13,655,390) | ||||||||||||||||||
GOVERNMENT BONDS - 36.2% | ||||||||||||||||||
AGENCY SECURITIES - 6.7% | ||||||||||||||||||
250,000 | Federal Home Loan Mortgage Corp (FHLMC) | 0.375 | 05/05/23 | 251,075 |
325 |
TIAA-CREF FUNDS - Short Duration Impact Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 250,000 | FHLMC | 1.500 | % | 02/12/25 | $ | 258,439 | |||||||||||
500,000 | Federal National Mortgage Association (FNMA) | 0.250 | 07/10/23 | 500,382 | ||||||||||||||
245,058 | Overseas Private Investment Corp (OPIC) | 1.790 | 10/15/29 | 257,745 | ||||||||||||||
250,000 | Thirax LLC | 0.968 | 01/14/33 | 247,884 | ||||||||||||||
245,058 | United States International Development Finance Corp | 1.050 | 10/15/29 | 249,511 | ||||||||||||||
250,000 | US Department of Housing and Urban Development (HUD) | 2.618 | 08/01/23 | 263,183 | ||||||||||||||
200,935 | i | Washington Aircraft 2 Co Ltd | LIBOR 3 M + 0.430% | 0.625 | 06/26/24 | 201,229 | ||||||||||||
TOTAL AGENCY SECURITIES | 2,229,448 | |||||||||||||||||
FOREIGN GOVERNMENT BONDS - 7.8% | ||||||||||||||||||
500,000 | g | European Stability Mechanism | 1.375 | 09/11/24 | 513,469 | |||||||||||||
250,000 | International Bank for Reconstruction & Development | 0.625 | 04/22/25 | 249,042 | ||||||||||||||
500,000 | g | International Development Association | 2.750 | 04/24/23 | 525,400 | |||||||||||||
235,000 | g | Korea Electric Power Corp | 1.125 | 06/15/25 | 233,328 | |||||||||||||
250,000 | Kreditanstalt fuer Wiederaufbau | 2.000 | 11/30/21 | 253,040 | ||||||||||||||
250,000 | g | Nederlandse Waterschapsbank NV | 1.750 | 01/15/25 | 259,754 | |||||||||||||
500,000 | g | Perusahaan Penerbit SBSN Indonesia III | 3.750 | 03/01/23 | 526,540 | |||||||||||||
TOTAL FOREIGN GOVERNMENT BONDS | 2,560,573 | |||||||||||||||||
MORTGAGE BACKED - 0.5% | ||||||||||||||||||
98,212 | Federal National Mortgage Association (FNMA) | 2.500 | 01/01/36 | 102,511 | ||||||||||||||
52,555 | Government National Mortgage Association (GNMA) | 4.000 | 12/20/44 | 58,142 | ||||||||||||||
TOTAL MORTGAGE BACKED | 160,653 | |||||||||||||||||
MUNICIPAL BONDS - 8.1% | ||||||||||||||||||
250,000 | California Earthquake Authority | 1.227 | 07/01/21 | 250,603 | ||||||||||||||
250,000 | California Health Facilities Financing Authority | 1.896 | 06/01/21 | 250,661 | ||||||||||||||
90,000 | g | California Municipal Finance Authority | 4.250 | 11/01/23 | 90,000 | |||||||||||||
400,000 | City of Detroit MI | 1.817 | 04/01/22 | 399,910 | ||||||||||||||
150,000 | i | Connecticut Housing Finance Authority | SOFR + 0.650% | 0.660 | 05/15/49 | 150,023 | ||||||||||||
95,000 | County of Saline AR | 3.550 | 06/01/42 | 96,860 | ||||||||||||||
120,000 | Grant County Public Utility District No 2 Priest Rapids Hydroelectric Project | 1.794 | 01/01/22 | 121,424 | ||||||||||||||
225,000 | Massachusetts Water Resources Authority | 1.702 | 08/01/21 | 226,116 | ||||||||||||||
330,000 | New York State Energy Research & Development Authority | 1.624 | 10/01/22 | 331,182 | ||||||||||||||
125,000 | New York Transportation Development Corp | 1.360 | 12/01/21 | 125,324 | ||||||||||||||
425,000 | Sustainable Energy Utility, Inc | 1.550 | 09/15/21 | 425,692 | ||||||||||||||
200,000 | g | Warm Springs Reservation Confederated Tribe | 3.050 | 11/01/24 | 206,734 | |||||||||||||
TOTAL MUNICIPAL BONDS | 2,674,529 | |||||||||||||||||
U.S. TREASURY SECURITIES - 13.1% | ||||||||||||||||||
250,000 | United States Treasury Note | 1.750 | 07/31/21 | 251,426 | ||||||||||||||
285,000 | United States Treasury Note | 1.625 | 12/31/21 | 288,318 | ||||||||||||||
860,000 | United States Treasury Note | 0.125 | 06/30/22 | 860,202 | ||||||||||||||
835,000 | United States Treasury Note | 0.125 | 10/31/22 | 834,902 | ||||||||||||||
1,500,000 | United States Treasury Note | 2.625 | 12/31/23 | 1,595,566 | ||||||||||||||
495,000 | United States Treasury Note | 0.250 | 03/15/24 | 493,685 | ||||||||||||||
TOTAL U.S. TREASURY SECURITIES | 4,324,099 | |||||||||||||||||
TOTAL GOVERNMENT BONDS | 11,949,302 | |||||||||||||||||
(Cost $11,710,816) |
326 |
TIAA-CREF FUNDS - Short Duration Impact Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | |||||||||||||
STRUCTURED ASSETS - 15.9% | ||||||||||||||||||
ASSET BACKED - 12.0% | ||||||||||||||||||
$ | 200,226 | g | HERO Funding Trust | 4.050 | % | 09/20/41 | $ | 209,428 | ||||||||||
Series - 2016 1A (Class A) | ||||||||||||||||||
314,428 | g | HERO Funding Trust | 3.910 | 09/20/42 | 324,598 | |||||||||||||
Series - 2016 3A (Class A2) | ||||||||||||||||||
212,947 | g | HERO Funding Trust | 2.720 | 09/20/57 | 215,531 | |||||||||||||
Series - 2020 1A (Class A) | ||||||||||||||||||
147,000 | g,i | Invitation Homes Trust | LIBOR 1 M + 1.650% | 1.758 | 01/17/38 | 147,845 | ||||||||||||
Series - 2018 SFR4 (Class D) | ||||||||||||||||||
207,432 | g | Mosaic Solar Loan Trust | 2.100 | 04/20/46 | 209,417 | |||||||||||||
Series - 2020 1A (Class A) | ||||||||||||||||||
462,271 | g | Mosaic Solar Loan Trust | 1.440 | 08/20/46 | 450,313 | |||||||||||||
Series - 2020 2A (Class A) | ||||||||||||||||||
44,442 | g | Renew | 3.670 | 09/20/52 | 47,184 | |||||||||||||
Series - 2017 1A (Class A) | ||||||||||||||||||
77,450 | g | SolarCity LMC | 4.800 | 09/20/48 | 80,002 | |||||||||||||
Series - 2016 A (Class A) | ||||||||||||||||||
484,198 | g | Sunrun Atlas Issuer LLC | 3.610 | 02/01/55 | 511,051 | |||||||||||||
Series - 2019 2 (Class A) | ||||||||||||||||||
429,082 | g | Sunrun Callisto Issuer LLC | 3.980 | 06/30/54 | 457,680 | |||||||||||||
Series - 2019 1A (Class A) | ||||||||||||||||||
39,595 | g | Tesla Auto Lease Trust | 3.710 | 08/20/21 | 39,681 | |||||||||||||
Series - 2018 B (Class A) | ||||||||||||||||||
131,868 | g | Tesla Auto Lease Trust | 2.130 | 04/20/22 | 132,720 | |||||||||||||
Series - 2019 A (Class A2) | ||||||||||||||||||
250,000 | g | Tesla Auto Lease Trust | 2.200 | 11/21/22 | 255,984 | |||||||||||||
Series - 2019 A (Class A4) | ||||||||||||||||||
250,000 | g | Tesla Auto Lease Trust | 0.560 | 03/20/25 | 249,826 | |||||||||||||
Series - 2021 A (Class A3) | ||||||||||||||||||
585,240 | g | Vivint Colar Financing V LLC | 7.370 | 04/30/48 | 623,071 | |||||||||||||
Series - 2018 1A (Class B) | ||||||||||||||||||
TOTAL ASSET BACKED | 3,954,331 | |||||||||||||||||
OTHER MORTGAGE BACKED - 3.9% | ||||||||||||||||||
250,000 | g,i | Alen Mortgage Trust | LIBOR 1 M + 2.250% | 2.356 | 04/15/34 | 250,075 | ||||||||||||
Series - 2021 ACEN (Class C) | ||||||||||||||||||
50,458 | i | Connecticut Avenue Securities | LIBOR 1 M + 3.000% | 3.109 | 07/25/24 | 49,745 | ||||||||||||
Series - 2014 C03 (Class 1M2) | ||||||||||||||||||
72,211 | i | Connecticut Avenue Securities | LIBOR 1 M + 2.200% | 2.309 | 01/25/30 | 72,912 | ||||||||||||
Series - 2017 C05 (Class 1M2) | ||||||||||||||||||
5,365 | g,i | Connecticut Avenue Securities | LIBOR 1 M + 0.800% | 0.909 | 01/25/40 | 5,365 | ||||||||||||
Series - 2020 R01 (Class 1M1) | ||||||||||||||||||
100,000 | g,i | DBUBS Mortgage Trust | 5.615 | 07/10/44 | 98,739 | |||||||||||||
Series - 2011 LC2A (Class D) | ||||||||||||||||||
200,000 | GS Mortgage Securities Trust | 2.922 | 05/10/49 | 210,276 | ||||||||||||||
Series - 2016 GS2 (Class AAB) | ||||||||||||||||||
250,000 | g,i | Natixis Commercial Mortgage Securities Trust | LIBOR 1 M + 1.500% | 1.606 | 07/15/36 | 250,728 | ||||||||||||
Series - 2019 MILE (Class A) | ||||||||||||||||||
250,000 | g,i | Natixis Commercial Mortgage Securities Trust | LIBOR 1 M + 4.250% | 4.356 | 07/15/36 | 246,089 | ||||||||||||
Series - 2019 MILE (Class F) | ||||||||||||||||||
28,326 | g,i | OBX Trust | LIBOR 1 M + 0.650% | 0.759 | 06/25/57 | 28,382 | ||||||||||||
Series - 2018 1 (Class A2) |
327 |
TIAA-CREF FUNDS - Short Duration Impact Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 27,523 | g,i | Sequoia Mortgage Trust | 3.500 | % | 02/25/50 | $ | 27,694 | ||||||||||
Series - 2020 1 (Class A4) | ||||||||||||||||||
60,447 | g,i | Structured Agency Credit Risk Debt Note (STACR) | LIBOR 1 M + 1.100% | 1.209 | 07/27/50 | 60,476 | ||||||||||||
Series - 2020 HQA2 (Class M1) | ||||||||||||||||||
TOTAL OTHER MORTGAGE BACKED | 1,300,481 | |||||||||||||||||
TOTAL STRUCTURED ASSETS | 5,254,812 | |||||||||||||||||
(Cost $5,175,934) | ||||||||||||||||||
TOTAL BONDS | 31,050,493 | |||||||||||||||||
(Cost $30,542,140) | ||||||||||||||||||
SHORT-TERM INVESTMENTS - 4.1% | ||||||||||||||||||
GOVERNMENT AGENCY DEBT - 4.1% | ||||||||||||||||||
462,000 | Federal Farm Credit Bank (FFCB) | 0.010 | 04/01/21 | 462,000 | ||||||||||||||
879,000 | Tennessee Valley Authority (TVA) | 0.010 | 04/07/21 | 879,000 | ||||||||||||||
TOTAL GOVERNMENT AGENCY DEBT | 1,341,000 | |||||||||||||||||
TOTAL SHORT-TERM INVESTMENTS | 1,341,000 | |||||||||||||||||
(Cost $1,340,998) | ||||||||||||||||||
TOTAL INVESTMENTS - 99.7% | 32,890,453 | |||||||||||||||||
(Cost $32,379,476) | ||||||||||||||||||
OTHER ASSETS & LIABILITIES, NET - 0.3% | 106,038 | |||||||||||||||||
NET ASSETS - 100.0% | $ | 32,996,491 |
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 3/31/2021, the aggregate value of these securities is $11,985,202 or 36.3% 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. |
328 |
TIAA-CREF FUNDS - Short-Term Bond Fund
TIAA-CREF FUNDS
SHORT-TERM BOND FUND
SCHEDULE OF INVESTMENTS
March 31, 2021
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
BANK LOAN OBLIGATIONS - 1.7% | |||||||||||||||||
CAPITAL GOODS - 0.1% | |||||||||||||||||
$ | 689,500 | i | American Builders & Contractors Supply Co, Inc | LIBOR 1 M + 2.000% | 2.109 | % | 01/15/27 | $ | 683,467 | ||||||||
1,339,875 | i | Gardner Denver, Inc | LIBOR 1 M + 2.750% | 2.850 | 03/01/27 | 1,335,962 | |||||||||||
TOTAL CAPITAL GOODS | 2,019,429 | ||||||||||||||||
COMMERCIAL & PROFESSIONAL SERVICES - 0.0% | |||||||||||||||||
323,823 | i | Prime Security Services Borrower LLC | LIBOR 1 and 3 M + 2.750% | 3.500 | 09/23/26 | 322,305 | |||||||||||
TOTAL COMMERCIAL & PROFESSIONAL SERVICES | 322,305 | ||||||||||||||||
CONSUMER SERVICES - 0.3% | |||||||||||||||||
1,496,212 | i | 1011778 BC ULC | LIBOR 1 M + 1.750% | 1.859 | 11/19/26 | 1,467,694 | |||||||||||
1,943,891 | i | Hilton Worldwide Finance LLC | LIBOR 1 M + 1.750% | 1.859 | 06/22/26 | 1,924,939 | |||||||||||
812,612 | i | KFC Holding Co | LIBOR 1 M + 1.750% | 1.856 | 03/09/28 | 811,937 | |||||||||||
1,950,000 | i | Wyndham Hotels & Resorts, Inc | LIBOR 1 M + 1.750% | 1.859 | 05/30/25 | 1,927,790 | |||||||||||
TOTAL CONSUMER SERVICES | 6,132,360 | ||||||||||||||||
DIVERSIFIED FINANCIALS - 0.0% | |||||||||||||||||
727,841 | i | Reynolds Group Holdings, Inc | LIBOR 1 M + 2.750% | 2.859 | 02/06/23 | 724,319 | |||||||||||
TOTAL DIVERSIFIED FINANCIALS | 724,319 | ||||||||||||||||
HEALTH CARE EQUIPMENT & SERVICES - 0.1% | |||||||||||||||||
970,225 | i | HCA, Inc | LIBOR 1 M + 1.750% | 1.859 | 03/13/25 | 969,187 | |||||||||||
605,935 | i | HCA, Inc | LIBOR 1 M + 1.750% | 1.859 | 03/17/26 | 605,365 | |||||||||||
TOTAL HEALTH CARE EQUIPMENT & SERVICES | 1,574,552 | ||||||||||||||||
HOUSEHOLD & PERSONAL PRODUCTS - 0.0% | |||||||||||||||||
1,000,000 | i | Energizer Holdings, Inc | LIBOR 1 M + 2.250% | 2.750 | 12/16/27 | 994,580 | |||||||||||
TOTAL HOUSEHOLD & PERSONAL PRODUCTS | 994,580 | ||||||||||||||||
MATERIALS - 0.0% | |||||||||||||||||
180,066 | i | WR Grace & Co-Conn | LIBOR 3 M + 1.750% | 1.953 | 04/03/25 | 178,435 | |||||||||||
307,895 | i | WR Grace & Co-Conn | LIBOR 3 M + 1.750% | 1.953 | 04/03/25 | 305,105 | |||||||||||
TOTAL MATERIALS | 483,540 | ||||||||||||||||
MEDIA & ENTERTAINMENT - 0.4% | |||||||||||||||||
1,293,500 | i | Asplundh Tree Expert LLC | LIBOR 1 M + 1.750% | 1.859 | 09/02/27 | 1,289,257 | |||||||||||
3,467,321 | i | Charter Communications Operating LLC | LIBOR 1 M + 1.750% | 1.860 | 04/30/25 | 3,458,271 | |||||||||||
1,383,524 | i | CSC Holdings LLC | LIBOR 1 M + 2.250% | 2.356 | 07/17/25 | 1,363,062 | |||||||||||
939,715 | i | Nielsen Finance LLC | LIBOR 1 M + 2.000% | 2.103 | 10/04/23 | 937,808 | |||||||||||
1,290,299 | i | Outfront Media Capital LLC | LIBOR 1 M + 1.750% | 1.861 | 11/18/26 | 1,269,976 | |||||||||||
TOTAL MEDIA & ENTERTAINMENT | 8,318,374 |
329 |
TIAA-CREF FUNDS - Short-Term Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.3% | |||||||||||||||||
$ | 1,500,000 | i | Bausch Health Americas, Inc | LIBOR 1 M + 2.750% | 2.859 | % | 11/27/25 | $ | 1,490,445 | ||||||||
970,899 | i | Elanco Animal Health Inc | LIBOR 1 M + 1.750% | 1.865 | 08/01/27 | 957,374 | |||||||||||
1,000,000 | i | Horizon Therapeutics USA, Inc | LIBOR 1 M + 2.000% | 2.125 | 05/22/26 | 995,940 | |||||||||||
2,219,803 | i | PPD, Inc | LIBOR 1 M + 2.250% | 2.750 | 01/13/28 | 2,206,729 | |||||||||||
TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 5,650,488 | ||||||||||||||||
SOFTWARE & SERVICES - 0.2% | |||||||||||||||||
947,378 | i | IQVIA, Inc | LIBOR 1 M + 1.750% | 1.859 | 03/07/24 | 942,167 | |||||||||||
1,021,125 | i | IQVIA, Inc | LIBOR 3 M + 1.750% | 1.953 | 06/11/25 | 1,014,314 | |||||||||||
1,877,048 | i | Open Text Corp | LIBOR 1 M + 1.750% | 1.859 | 05/30/25 | 1,876,260 | |||||||||||
TOTAL SOFTWARE & SERVICES | 3,832,741 | ||||||||||||||||
TECHNOLOGY HARDWARE & EQUIPMENT - 0.2% | |||||||||||||||||
1,807,706 | i | Dell International LLC | LIBOR 1 M + 1.750% | 2.000 | 09/19/25 | 1,805,284 | |||||||||||
1,471,753 | i | Western Digital Corp | LIBOR 1 M + 1.750% | 1.865 | 04/29/23 | 1,469,309 | |||||||||||
TOTAL TECHNOLOGY HARDWARE & EQUIPMENT | 3,274,593 | ||||||||||||||||
TRANSPORTATION - 0.1% | |||||||||||||||||
1,822,746 | i | Avis Budget Car Rental LLC | LIBOR 1 M + 2.250% | 2.360 | 08/06/27 | 1,775,190 | |||||||||||
TOTAL TRANSPORTATION | 1,775,190 | ||||||||||||||||
UTILITIES - 0.0% | |||||||||||||||||
565,487 | i | Vistra Operations Co LLC | LIBOR 1 M + 1.750% | 1.858 | 12/31/25 | 561,093 | |||||||||||
TOTAL UTILITIES | 561,093 | ||||||||||||||||
TOTAL BANK LOAN OBLIGATIONS | 35,663,564 | ||||||||||||||||
(Cost $35,830,164) | |||||||||||||||||
BONDS - 93.0% | |||||||||||||||||
CORPORATE BONDS - 34.3% | |||||||||||||||||
BANKS - 10.7% | |||||||||||||||||
2,000,000 | g | Banco Bradesco S.A. | 2.850 | 01/27/23 | 2,042,000 | ||||||||||||
2,100,000 | g | Banco de Credito del Peru | 2.700 | 01/11/25 | 2,161,950 | ||||||||||||
2,375,000 | g | Banco del Estado de Chile | 2.704 | 01/09/25 | 2,475,682 | ||||||||||||
2,500,000 | g | Banco do Brasil SA/Cayman | 4.750 | 03/20/24 | 2,650,525 | ||||||||||||
750,000 | g | Banco Santander Mexico S.A. | 4.125 | 11/09/22 | 783,000 | ||||||||||||
2,000,000 | g | Banco Santander Mexico S.A. Institucion de Banca Multiple Grupo Financiero Santand | 5.375 | 04/17/25 | 2,245,600 | ||||||||||||
5,125,000 | Bancolombia S.A. | 3.000 | 01/29/25 | 5,235,188 | |||||||||||||
10,000,000 | Bank of America Corp | 3.550 | 03/05/24 | 10,550,742 | |||||||||||||
10,000,000 | Bank of America Corp | 1.486 | 05/19/24 | 10,165,088 | |||||||||||||
8,000,000 | Bank of America Corp | 0.981 | 09/25/25 | 7,979,196 | |||||||||||||
1,505,000 | Bank of Montreal | 2.900 | 03/26/22 | 1,543,810 | |||||||||||||
6,200,000 | g | Bank of Montreal | 2.100 | 06/15/22 | 6,332,923 | ||||||||||||
1,720,000 | Citigroup, Inc | 4.500 | 01/14/22 | 1,775,745 | |||||||||||||
3,000,000 | Citigroup, Inc | 3.142 | 01/24/23 | 3,062,280 | |||||||||||||
9,000,000 | Citigroup, Inc | 2.876 | 07/24/23 | 9,270,504 | |||||||||||||
15,000,000 | Citigroup, Inc | 1.678 | 05/15/24 | 15,305,550 | |||||||||||||
500,000 | Citigroup, Inc | 0.776 | 10/30/24 | 499,660 | |||||||||||||
5,000,000 | Cooperatieve Rabobank UA | 0.375 | 01/12/24 | 4,973,944 | |||||||||||||
1,825,000 | g | Credicorp Ltd | 2.750 | 06/17/25 | 1,859,675 |
330 |
TIAA-CREF FUNDS - Short-Term Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 10,000,000 | g | Dexia Credit Local S.A. | 2.875 | % | 01/29/22 | $ | 10,213,138 | |||||||||
4,000,000 | g | Dexia Credit Local S.A. | 2.375 | 09/20/22 | 4,117,488 | ||||||||||||
1,555,000 | Discover Bank | 3.200 | 08/09/21 | 1,566,741 | |||||||||||||
650,000 | Discover Bank | 3.350 | 02/06/23 | 680,039 | |||||||||||||
5,000,000 | g | DNB Boligkreditt AS. | 3.250 | 06/28/23 | 5,310,846 | ||||||||||||
1,250,000 | HSBC USA, Inc | 3.500 | 06/23/24 | 1,351,001 | |||||||||||||
1,485,000 | Huntington National Bank | 3.125 | 04/01/22 | 1,522,505 | |||||||||||||
2,800,000 | g | Itau Unibanco Holding S.A. | 3.250 | 01/24/25 | 2,850,204 | ||||||||||||
1,445,000 | JPMorgan Chase & Co | 3.200 | 01/25/23 | 1,517,842 | |||||||||||||
8,700,000 | JPMorgan Chase & Co | 3.207 | 04/01/23 | 8,936,105 | |||||||||||||
10,000,000 | JPMorgan Chase & Co | 2.776 | 04/25/23 | 10,240,558 | |||||||||||||
12,000,000 | JPMorgan Chase & Co | 1.514 | 06/01/24 | 12,249,030 | |||||||||||||
5,000,000 | JPMorgan Chase & Co | 4.023 | 12/05/24 | 5,424,609 | |||||||||||||
725,000 | JPMorgan Chase & Co | 0.563 | 02/16/25 | 719,610 | |||||||||||||
6,320,000 | KeyBank NA | 3.300 | 02/01/22 | 6,478,873 | |||||||||||||
3,000,000 | Mitsubishi UFJ Financial Group, Inc | 2.623 | 07/18/22 | 3,082,817 | |||||||||||||
5,000,000 | Mitsubishi UFJ Financial Group, Inc | 0.848 | 09/15/24 | 5,005,076 | |||||||||||||
2,875,000 | National Bank of Canada | 0.550 | 11/15/24 | 2,867,696 | |||||||||||||
2,000,000 | g | NBK SPC Ltd | 2.750 | 05/30/22 | 2,042,448 | ||||||||||||
2,000,000 | Royal Bank of Canada | 2.800 | 04/29/22 | 2,054,038 | |||||||||||||
5,000,000 | Royal Bank of Scotland Group plc | 3.875 | 09/12/23 | 5,361,888 | |||||||||||||
1,625,000 | Royal Bank of Scotland Group plc | 2.359 | 05/22/24 | 1,676,558 | |||||||||||||
5,000,000 | g | Skandinaviska Enskilda Banken AB | 0.550 | 09/01/23 | 4,998,303 | ||||||||||||
2,500,000 | g | Sovcombank Via SovCom Capital DAC | 3.400 | 01/26/25 | 2,469,343 | ||||||||||||
3,000,000 | g | State Bank of India | 4.000 | 01/24/22 | 3,069,360 | ||||||||||||
5,000,000 | Sumitomo Mitsui Financial Group, Inc | 0.508 | 01/12/24 | 4,977,168 | |||||||||||||
5,000,000 | g | Sumitomo Mitsui Trust Bank Ltd | 0.800 | 09/12/23 | 5,013,921 | ||||||||||||
2,100,000 | g | Svenska Handelsbanken AB | 0.625 | 06/30/23 | 2,107,327 | ||||||||||||
1,000,000 | Synchrony Bank | 3.000 | 06/15/22 | 1,026,999 | |||||||||||||
3,000,000 | Toronto-Dominion Bank | 0.750 | 06/12/23 | 3,021,785 | |||||||||||||
5,000,000 | Toronto-Dominion Bank | 0.450 | 09/11/23 | 4,994,928 | |||||||||||||
1,680,000 | Truist Financial Corp | 3.750 | 12/06/23 | 1,819,305 | |||||||||||||
5,000,000 | g | UBS AG. | 0.450 | 02/09/24 | 4,958,972 | ||||||||||||
2,425,000 | Wells Fargo & Co | 1.654 | 06/02/24 | 2,477,244 | |||||||||||||
3,000,000 | Westpac Banking Corp | 2.800 | 01/11/22 | 3,059,754 | |||||||||||||
TOTAL BANKS | 230,176,581 | ||||||||||||||||
CAPITAL GOODS - 1.3% | |||||||||||||||||
1,500,000 | Air Lease Corp | 3.375 | 06/01/21 | 1,506,837 | |||||||||||||
3,721,000 | Air Lease Corp | 2.250 | 01/15/23 | 3,818,712 | |||||||||||||
4,400,000 | g | BOC Aviation Ltd | 3.500 | 10/10/24 | 4,714,864 | ||||||||||||
5,000,000 | Boeing Co | 1.433 | 02/04/24 | 5,063,482 | |||||||||||||
2,500,000 | g | DAE Funding LLC | 2.625 | 03/20/25 | 2,511,299 | ||||||||||||
3,000,000 | Honeywell International, Inc | 0.483 | 08/19/22 | 3,002,272 | |||||||||||||
5,000,000 | John Deere Capital Corp | 0.450 | 01/17/24 | 4,997,834 | |||||||||||||
42,000 | Johnson Controls International plc | 3.750 | 12/01/21 | 42,421 | |||||||||||||
3,000,000 | g | TSMC Global Ltd | 0.750 | 09/28/25 | 2,928,918 | ||||||||||||
272,000 | United Technologies Corp | 3.650 | 08/16/23 | 290,982 | |||||||||||||
TOTAL CAPITAL GOODS | 28,877,621 | ||||||||||||||||
COMMERCIAL & PROFESSIONAL SERVICES - 0.2% | |||||||||||||||||
2,000,000 | ADT Corp | 4.125 | 06/15/23 | 2,077,500 | |||||||||||||
3,000,000 | IHS Markit Ltd | 4.125 | 08/01/23 | 3,214,830 | |||||||||||||
TOTAL COMMERCIAL & PROFESSIONAL SERVICES | 5,292,330 |
331 |
TIAA-CREF FUNDS - Short-Term Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
CONSUMER DURABLES & APPAREL - 0.1% | |||||||||||||||||
$ | 1,455,000 | Lennar Corp | 4.875 | % | 12/15/23 | $ | 1,589,340 | ||||||||||
TOTAL CONSUMER DURABLES & APPAREL | 1,589,340 | ||||||||||||||||
CONSUMER SERVICES - 0.1% | |||||||||||||||||
2,000,000 | Sands China Ltd | 4.600 | 08/08/23 | 2,138,780 | |||||||||||||
TOTAL CONSUMER SERVICES | 2,138,780 | ||||||||||||||||
DIVERSIFIED FINANCIALS - 5.8% | |||||||||||||||||
7,000,000 | AerCap Ireland Capital DAC | 3.150 | 02/15/24 | 7,293,610 | |||||||||||||
2,050,000 | American Express Co | 2.750 | 05/20/22 | 2,101,063 | |||||||||||||
3,000,000 | American Honda Finance Corp | 0.875 | 07/07/23 | 3,020,938 | |||||||||||||
5,000,000 | American Honda Finance Corp | 0.550 | 07/12/24 | 4,963,862 | |||||||||||||
1,000,000 | Ameriprise Financial, Inc | 3.000 | 03/22/22 | 1,026,064 | |||||||||||||
5,000,000 | g | Banco BTG Pactual S.A. | 2.750 | 01/11/26 | 4,730,000 | ||||||||||||
1,325,000 | g | BBVA Bancomer S.A. | 1.875 | 09/18/25 | 1,326,656 | ||||||||||||
4,000,000 | Capital One Bank USA NA | 3.375 | 02/15/23 | 4,201,561 | |||||||||||||
1,355,000 | Capital One Financial Corp | 4.750 | 07/15/21 | 1,371,758 | |||||||||||||
3,000,000 | Credit Suisse AG. | 1.000 | 05/05/23 | 3,016,346 | |||||||||||||
5,000,000 | Credit Suisse AG. | 0.495 | 02/02/24 | 4,943,589 | |||||||||||||
3,000,000 | Discover Financial Services | 3.850 | 11/21/22 | 3,152,228 | |||||||||||||
16,800,000 | g | Federation des Caisses Desjardins du Quebec | 1.950 | 09/26/22 | 17,199,645 | ||||||||||||
2,000,000 | General Motors Financial Co, Inc | 3.450 | 01/14/22 | 2,040,147 | |||||||||||||
2,170,000 | General Motors Financial Co, Inc | 3.150 | 06/30/22 | 2,231,074 | |||||||||||||
5,000,000 | General Motors Financial Co, Inc | 3.550 | 07/08/22 | 5,179,423 | |||||||||||||
5,000,000 | General Motors Financial Co, Inc | 1.700 | 08/18/23 | 5,092,153 | |||||||||||||
3,910,000 | General Motors Financial Co, Inc | 3.950 | 04/13/24 | 4,208,093 | |||||||||||||
5,000,000 | Goldman Sachs Group, Inc | 2.876 | 10/31/22 | 5,066,495 | |||||||||||||
3,000,000 | Goldman Sachs Group, Inc | 0.627 | 11/17/23 | 3,000,540 | |||||||||||||
5,000,000 | Goldman Sachs Group, Inc | 0.673 | 03/08/24 | 4,996,076 | |||||||||||||
6,105,000 | Morgan Stanley | 3.125 | 01/23/23 | 6,392,235 | |||||||||||||
5,000,000 | Morgan Stanley | 0.529 | 01/25/24 | 4,990,886 | |||||||||||||
7,000,000 | g | Nationwide Building Society | 1.700 | 02/13/23 | 7,174,015 | ||||||||||||
1,125,000 | g | REC Ltd | 4.750 | 05/19/23 | 1,192,722 | ||||||||||||
300,000 | State Street Corp | 2.825 | 03/30/23 | 307,359 | |||||||||||||
7,000,000 | Toyota Motor Credit Corp | 0.500 | 08/14/23 | 7,003,137 | |||||||||||||
4,725,000 | g | UBS Group AG | 1.008 | 07/30/24 | 4,752,472 | ||||||||||||
5,000,000 | Unilever Capital Corp | 3.000 | 03/07/22 | 5,128,088 | |||||||||||||
TOTAL DIVERSIFIED FINANCIALS | 127,102,235 | ||||||||||||||||
ENERGY - 2.7% | |||||||||||||||||
1,700,000 | BP Capital Markets America, Inc | 2.520 | 09/19/22 | 1,748,139 | |||||||||||||
3,000,000 | Canadian Natural Resources Ltd | 2.050 | 07/15/25 | 3,033,573 | |||||||||||||
5,000,000 | Chevron Corp | 1.141 | 05/11/23 | 5,086,793 | |||||||||||||
2,230,000 | g | Energean Israel Finance Ltd | 4.500 | 03/30/24 | 2,246,638 | ||||||||||||
5,000,000 | Energy Transfer Operating LP | 4.500 | 04/15/24 | 5,452,796 | |||||||||||||
2,000,000 | g | GS Caltex Corp | 3.000 | 06/04/24 | 2,120,455 | ||||||||||||
4,000,000 | g | Leviathan Bond Ltd | 5.750 | 06/30/23 | 4,185,525 | ||||||||||||
4,000,000 | Marathon Petroleum Corp | 4.500 | 05/01/23 | 4,290,140 | |||||||||||||
1,000,000 | Marathon Petroleum Corp | 4.700 | 05/01/25 | 1,123,913 | |||||||||||||
4,000,000 | MPLX LP | 3.375 | 03/15/23 | 4,190,407 | |||||||||||||
3,336,000 | Occidental Petroleum Corp | 2.700 | 08/15/22 | 3,337,251 | |||||||||||||
662,000 | ONEOK, Inc | 4.250 | 02/01/22 | 675,918 |
332 |
TIAA-CREF FUNDS - Short-Term Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 2,200,000 | g | Pertamina Persero PT | 4.875 | % | 05/03/22 | $ | 2,285,749 | |||||||||
1,500,000 | Petroleos Mexicanos | 5.375 | 03/13/22 | 1,534,035 | |||||||||||||
530,000 | Petroleos Mexicanos | 2.000 | 12/20/22 | 537,804 | |||||||||||||
2,000,000 | Petroleos Mexicanos | 3.500 | 01/30/23 | 2,025,000 | |||||||||||||
625,500 | Petroleos Mexicanos | 2.378 | 04/15/25 | 647,355 | |||||||||||||
1,000,000 | Petroleos Mexicanos | 4.500 | 01/23/26 | 992,800 | |||||||||||||
1,350,000 | Phillips 66 | 0.900 | 02/15/24 | 1,350,347 | |||||||||||||
1,000,000 | Sabine Pass Liquefaction LLC | 6.250 | 03/15/22 | 1,038,556 | |||||||||||||
5,000,000 | g | Saudi Arabian Oil Co | 1.250 | 11/24/23 | 5,034,418 | ||||||||||||
5,000,000 | g | Saudi Arabian Oil Co | 2.875 | 04/16/24 | 5,265,783 | ||||||||||||
TOTAL ENERGY | 58,203,395 | ||||||||||||||||
FOOD & STAPLES RETAILING - 0.2% | |||||||||||||||||
5,000,000 | Walmart, Inc | 2.350 | 12/15/22 | 5,174,211 | |||||||||||||
TOTAL FOOD & STAPLES RETAILING | 5,174,211 | ||||||||||||||||
FOOD, BEVERAGE & TOBACCO - 0.8% | |||||||||||||||||
1,850,000 | BAT Capital Corp | 3.222 | 08/15/24 | 1,970,923 | |||||||||||||
2,000,000 | Constellation Brands, Inc | 2.650 | 11/07/22 | 2,062,632 | |||||||||||||
2,000,000 | Constellation Brands, Inc | 3.200 | 02/15/23 | 2,092,768 | |||||||||||||
2,940,000 | General Mills, Inc | 3.150 | 12/15/21 | 2,977,385 | |||||||||||||
1,000,000 | g | Lamb Weston Holdings, Inc | 4.625 | 11/01/24 | 1,037,720 | ||||||||||||
5,000,000 | PepsiCo, Inc | 0.400 | 10/07/23 | 5,016,896 | |||||||||||||
3,000,000 | Philip Morris International, Inc | 1.125 | 05/01/23 | 3,043,819 | |||||||||||||
1,300,000 | Tyson Foods, Inc | 2.250 | 08/23/21 | 1,307,677 | |||||||||||||
TOTAL FOOD, BEVERAGE & TOBACCO | 19,509,820 | ||||||||||||||||
HEALTH CARE EQUIPMENT & SERVICES - 1.0% | |||||||||||||||||
612,000 | CVS Health Corp | 3.700 | 03/09/23 | 649,496 | |||||||||||||
4,925,000 | CVS Health Corp | 2.625 | 08/15/24 | 5,196,918 | |||||||||||||
1,665,000 | g | SBA Tower Trust | 2.836 | 01/15/25 | 1,746,539 | ||||||||||||
13,365,000 | g | SBA Tower Trust | 1.884 | 01/15/26 | 13,525,921 | ||||||||||||
TOTAL HEALTH CARE EQUIPMENT & SERVICES | 21,118,874 | ||||||||||||||||
INSURANCE - 0.4% | |||||||||||||||||
3,000,000 | g | MassMutual Global Funding II | 0.850 | 06/09/23 | 3,025,009 | ||||||||||||
5,000,000 | g | Protective Life Global Funding | 0.473 | 01/12/24 | 4,960,308 | ||||||||||||
TOTAL INSURANCE | 7,985,317 | ||||||||||||||||
MATERIALS - 1.8% | |||||||||||||||||
5,000,000 | g | Air Liquide Finance S.A. | 1.750 | 09/27/21 | 5,030,423 | ||||||||||||
6,250,000 | g | Berry Global, Inc | 0.950 | 02/15/24 | 6,220,563 | ||||||||||||
1,000,000 | Celulosa Arauco y Constitucion S.A. | 4.500 | 08/01/24 | 1,083,760 | |||||||||||||
3,000,000 | g | Fresnillo plc | 5.500 | 11/13/23 | 3,330,030 | ||||||||||||
3,000,000 | g | Indonesia Asahan Aluminiu | 5.230 | 11/15/21 | 3,078,600 | ||||||||||||
1,250,000 | g | MEGlobal Canada ULC | 5.000 | 05/18/25 | 1,389,050 | ||||||||||||
1,350,000 | g | Midwest Connector Capital Co LLC | 3.625 | 04/01/22 | 1,369,309 | ||||||||||||
2,200,000 | Newmont Goldcorp Corp | 3.625 | 06/09/21 | 2,200,769 | |||||||||||||
1,553,000 | Nutrien Ltd | 3.625 | 03/15/24 | 1,668,178 | |||||||||||||
2,000,000 | g | NV Chemicals Corp | 5.250 | 08/01/23 | 2,012,500 | ||||||||||||
2,000,000 | g | OCP S.A. | 5.625 | 04/25/24 | 2,171,546 | ||||||||||||
1,550,000 | g | SABIC Capital II BV | 4.000 | 10/10/23 | 1,670,372 | ||||||||||||
3,000,000 | Sasol Financing International plc | 4.500 | 11/14/22 | 3,064,710 |
333 |
TIAA-CREF FUNDS - Short-Term Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 3,000,000 | WRKCo, Inc | 3.000 | % | 09/15/24 | $ | 3,187,594 | ||||||||||
TOTAL MATERIALS | 37,477,404 | ||||||||||||||||
MEDIA & ENTERTAINMENT - 0.6% | |||||||||||||||||
5,100,000 | Charter Communications Operating LLC | 4.464 | 07/23/22 | 5,319,067 | |||||||||||||
3,000,000 | Comcast Corp | 3.000 | 02/01/24 | 3,201,447 | |||||||||||||
2,000,000 | g | Tencent Holdings Ltd | 3.280 | 04/11/24 | 2,131,060 | ||||||||||||
3,000,000 | Walt Disney Co | 1.650 | 09/01/22 | 3,055,223 | |||||||||||||
TOTAL MEDIA & ENTERTAINMENT | 13,706,797 | ||||||||||||||||
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 2.2% | |||||||||||||||||
18,000,000 | AbbVie, Inc | 2.300 | 11/21/22 | 18,521,932 | |||||||||||||
4,450,000 | AbbVie, Inc | 3.800 | 03/15/25 | 4,861,801 | |||||||||||||
3,000,000 | Bristol-Myers Squibb Co | 2.550 | 05/14/21 | 3,007,213 | |||||||||||||
2,500,000 | Bristol-Myers Squibb Co | 2.600 | 05/16/22 | 2,564,200 | |||||||||||||
5,875,000 | Gilead Sciences, Inc | 0.750 | 09/29/23 | 5,881,822 | |||||||||||||
5,000,000 | g | Royalty Pharma plc | 0.750 | 09/02/23 | 4,995,033 | ||||||||||||
2,000,000 | Teva Pharmaceutical Finance Co BV | 2.950 | 12/18/22 | 2,005,000 | |||||||||||||
4,000,000 | Teva Pharmaceutical Financial IV BV | 3.650 | 11/10/21 | 4,030,000 | |||||||||||||
1,100,000 | g | Viatris, Inc | 1.125 | 06/22/22 | 1,105,974 | ||||||||||||
TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 46,972,975 | ||||||||||||||||
REAL ESTATE - 1.4% | |||||||||||||||||
2,000,000 | American Tower Corp | 2.250 | 01/15/22 | 2,027,927 | |||||||||||||
2,000,000 | American Tower Corp | 3.375 | 05/15/24 | 2,144,234 | |||||||||||||
1,450,000 | AvalonBay Communities, Inc | 3.500 | 11/15/24 | 1,576,525 | |||||||||||||
2,600,000 | Boston Properties LP | 3.125 | 09/01/23 | 2,737,103 | |||||||||||||
1,044,000 | Brandywine Operating Partnership LP | 4.100 | 10/01/24 | 1,126,546 | |||||||||||||
3,000,000 | Brixmor Operating Partnership LP | 3.650 | 06/15/24 | 3,227,993 | |||||||||||||
2,994,000 | CubeSmart LP | 4.375 | 12/15/23 | 3,255,803 | |||||||||||||
5,000,000 | Essex Portfolio LP | 3.875 | 05/01/24 | 5,403,375 | |||||||||||||
410,000 | Federal Realty Investment Trust | 3.950 | 01/15/24 | 444,883 | |||||||||||||
850,000 | Highwoods Realty LP | 3.625 | 01/15/23 | 882,716 | |||||||||||||
2,500,000 | Kimco Realty Corp | 3.400 | 11/01/22 | 2,603,793 | |||||||||||||
3,300,000 | RKPF Overseas 2019 A Ltd | 6.700 | 09/30/24 | 3,499,650 | |||||||||||||
1,500,000 | Welltower, Inc | 3.750 | 03/15/23 | 1,583,790 | |||||||||||||
TOTAL REAL ESTATE | 30,514,338 | ||||||||||||||||
RETAILING - 0.1% | |||||||||||||||||
1,600,000 | g | Volkswagen Group of America Finance LLC | 3.125 | 05/12/23 | 1,681,149 | ||||||||||||
TOTAL RETAILING | 1,681,149 | ||||||||||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.2% | |||||||||||||||||
3,600,000 | g | SK Hynix, Inc | 1.500 | 01/19/26 | 3,542,688 | ||||||||||||
TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | 3,542,688 | ||||||||||||||||
SOFTWARE & SERVICES - 0.8% | |||||||||||||||||
5,000,000 | Adobe, Inc | 1.900 | 02/01/25 | 5,169,143 | |||||||||||||
5,000,000 | Fidelity National Information Services, Inc | 0.600 | 03/01/24 | 4,971,044 | |||||||||||||
5,146,000 | Fiserv, Inc | 3.500 | 10/01/22 | 5,339,521 | |||||||||||||
2,100,000 | g | HCL America, Inc | 1.375 | 03/10/26 | 2,062,189 | ||||||||||||
TOTAL SOFTWARE & SERVICES | 17,541,897 |
334 |
TIAA-CREF FUNDS - Short-Term Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
TECHNOLOGY HARDWARE & EQUIPMENT - 0.1% | |||||||||||||||||
$ | 1,850,000 | Apple, Inc | 1.700 | % | 09/11/22 | $ | 1,889,816 | ||||||||||
TOTAL TECHNOLOGY HARDWARE & EQUIPMENT | 1,889,816 | ||||||||||||||||
TELECOMMUNICATION SERVICES - 1.1% | |||||||||||||||||
7,000,000 | AT&T, Inc | 2.625 | 12/01/22 | 7,216,887 | |||||||||||||
4,440,000 | AT&T, Inc | 4.450 | 04/01/24 | 4,870,035 | |||||||||||||
5,000,000 | g | T-Mobile USA, Inc | 3.500 | 04/15/25 | 5,394,400 | ||||||||||||
7,039,000 | g | Verizon Communications, Inc | 1.680 | 10/30/30 | 6,530,336 | ||||||||||||
TOTAL TELECOMMUNICATION SERVICES | 24,011,658 | ||||||||||||||||
TRANSPORTATION - 0.2% | |||||||||||||||||
1,100,000 | Delta Air Lines, Inc | 3.400 | 04/19/21 | 1,099,989 | |||||||||||||
2,200,000 | g | Transnet SOC Ltd | 4.000 | 07/26/22 | 2,238,257 | ||||||||||||
TOTAL TRANSPORTATION | 3,338,246 | ||||||||||||||||
UTILITIES - 2.5% | |||||||||||||||||
2,000,000 | g | AIG Global Funding | 0.800 | 07/07/23 | 2,011,168 | ||||||||||||
3,000,000 | Atmos Energy Corp | 0.625 | 03/09/23 | 3,001,135 | |||||||||||||
3,225,000 | Consumers Energy Co | 0.350 | 06/01/23 | 3,219,667 | |||||||||||||
3,000,000 | DTE Energy Co | 2.250 | 11/01/22 | 3,076,820 | |||||||||||||
2,000,000 | g | Hanwha Energy USA Holdings Corp | 2.375 | 07/30/22 | 2,046,325 | ||||||||||||
2,000,000 | g | KSA Sukuk Ltd | 2.894 | 04/20/22 | 2,048,599 | ||||||||||||
3,050,000 | NextEra Energy Capital Holdings, Inc | 2.900 | 04/01/22 | 3,126,816 | |||||||||||||
5,000,000 | NextEra Energy Capital Holdings, Inc | 0.650 | 03/01/23 | 5,015,986 | |||||||||||||
5,000,000 | ONE Gas, Inc | 1.100 | 03/11/24 | 4,998,575 | |||||||||||||
3,000,000 | g | State Grid Overseas Investment Ltd | 2.750 | 05/04/22 | 3,062,486 | ||||||||||||
3,000,000 | g | Tengizchevroil Finance Co International Ltd | 2.625 | 08/15/25 | 3,022,008 | ||||||||||||
7,020,000 | WEC Energy Group, Inc | 0.550 | 09/15/23 | 7,005,568 | |||||||||||||
13,950,000 | Xcel Energy, Inc | 0.500 | 10/15/23 | 13,936,575 | |||||||||||||
TOTAL UTILITIES | 55,571,728 | ||||||||||||||||
TOTAL CORPORATE BONDS | 743,417,200 | ||||||||||||||||
(Cost $733,072,009) | |||||||||||||||||
GOVERNMENT BONDS - 35.7% | |||||||||||||||||
AGENCY SECURITIES - 4.5% | |||||||||||||||||
8,500,000 | Federal Home Loan Mortgage Corp (FHLMC) | 0.250 | 08/24/23 | 8,501,937 | |||||||||||||
16,250,000 | FHLMC | 0.250 | 09/08/23 | 16,246,862 | |||||||||||||
8,000,000 | FHLMC | 0.250 | 11/06/23 | 7,993,988 | |||||||||||||
15,000,000 | Federal National Mortgage Association (FNMA) | 0.250 | 07/10/23 | 15,011,453 | |||||||||||||
10,500,000 | FNMA | 0.250 | 11/27/23 | 10,488,122 | |||||||||||||
10,000,000 | FNMA | 0.500 | 06/17/25 | 9,904,200 | |||||||||||||
2,280,000 | g | Hospital for Special Surgery | 3.500 | 01/01/23 | 2,321,747 | ||||||||||||
845,000 | g | Montefiore Medical Center | 3.896 | 05/20/27 | 848,739 | ||||||||||||
5,900,000 | Private Export Funding Corp (PEFCO) | 1.750 | 11/15/24 | 6,126,882 | |||||||||||||
5,263,158 | Reliance Industries Ltd | 1.870 | 01/15/26 | 5,424,753 | |||||||||||||
5,000,000 | Reliance Industries Ltd | 2.060 | 01/15/26 | 5,177,575 | |||||||||||||
6,578,947 | Reliance Industries Ltd | 2.444 | 01/15/26 | 6,876,163 | |||||||||||||
1,157,058 | San Clemente Leasing LLC | 3.030 | 11/22/22 | 1,180,280 | |||||||||||||
TOTAL AGENCY SECURITIES | 96,102,701 |
335 |
TIAA-CREF FUNDS - Short-Term Bond Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
FOREIGN GOVERNMENT BONDS - 11.1% | |||||||||||||||||
$ | 3,325,000 | g | Arab Petroleum Investments Corp | 4.125 | % | 09/18/23 | $ | 3,593,903 | |||||||||
48,047 | Argentina Republic Government International Bond | 1.000 | 07/09/29 | 17,225 | |||||||||||||
790,550 | Argentina Republic Government International Bond (Step Bond) | 0.125 | 07/09/30 | 264,479 | |||||||||||||
7,000,000 | g | Bermuda Government International Bond | 4.138 | 01/03/23 | 7,376,320 | ||||||||||||
4,000,000 | g | BNG Bank NV | 3.125 | 11/08/21 | 4,070,934 | ||||||||||||
3,250,000 | Brazilian Government International Bond | 2.625 | 01/05/23 | 3,354,065 | |||||||||||||
2,500,000 | Brazilian Government International Bond | 2.875 | 06/06/25 | 2,524,875 | |||||||||||||
5,000,000 | g | Caisse d’Amortissement de la Dette Sociale | 0.375 | 09/23/25 | 4,869,639 | ||||||||||||
10,000,000 | g | CDP Financial, Inc | 0.875 | 06/10/25 | 10,009,032 | ||||||||||||
2,500,000 | g | Development Bank of Japan, Inc | 0.500 | 03/04/24 | 2,493,838 | ||||||||||||
1,725,000 | g | Egypt Government International Bond | 5.577 | 02/21/23 | 1,794,429 | ||||||||||||
1,500,000 | g | Egypt Government International Bond | 4.550 | 11/20/23 | 1,533,719 | ||||||||||||
3,200,000 | Export-Import Bank of India | 4.000 | 01/14/23 | 3,362,909 | |||||||||||||
4,000,000 | e | Export-Import Bank of Korea | 0.750 | 09/21/25 | 3,912,138 | ||||||||||||
1,700,000 | g | Fondo MIVIVIENDA S.A. | 3.500 | 01/31/23 | 1,768,017 | ||||||||||||
1,500,000 | g | Honduras Government International Bond | 7.500 | 03/15/24 | 1,627,500 | ||||||||||||
8,900,000 | g | International Development Association | 2.750 | 04/24/23 | 9,352,120 | ||||||||||||
1,500,000 | Japan Bank for International Cooperation | 1.875 | 04/20/21 | 1,501,065 | |||||||||||||
6,100,000 | Japan Bank for International Cooperation | 1.750 | 01/23/23 | 6,253,328 | |||||||||||||
6,650,000 | g | Japan Finance Organization for Municipalities | 3.375 | 09/27/23 | 7,104,655 | ||||||||||||
4,500,000 | g | Japan Finance Organization for Municipalities | 3.000 | 03/12/24 | 4,806,493 | ||||||||||||
1,560,000 | g | Kommunalbanken AS. | 2.750 | 02/05/24 | 1,660,887 | ||||||||||||
10,000,000 | g | Kommunalbanken AS. | 0.375 | 09/11/25 | 9,747,700 | ||||||||||||
5,667,000 | g | Kommuninvest I Sverige AB | 2.625 | 09/15/22 | 5,861,548 | ||||||||||||
5,400,000 | g | Kommuninvest I Sverige AB | 0.250 | 12/01/22 | 5,400,503 | ||||||||||||
1,400,000 | g | Korea Electric Power Corp | 1.125 | 06/15/25 | 1,390,041 | ||||||||||||
6,700,000 | g | Korea Housing Finance Corp | 2.000 | 10/11/21 | 6,756,385 | ||||||||||||
1,875,000 | g | Korea Housing Finance Corp | 3.000 | 10/31/22 | 1,945,112 | ||||||||||||
9,000,000 | Kreditanstalt fuer Wiederaufbau | 0.625 | 01/22/26 | 8,846,628 | |||||||||||||
500,000 | g | Kuwait Government International Bond | 2.750 | 03/20/22 | 510,736 | ||||||||||||
16,000,000 | Landwirtschaftliche Rentenbank | 0.875 | 09/03/30 | 14,694,470 | |||||||||||||
10,000,000 | Mexico Government International Bond | 2.659 | 05/24/31 | 9,430,800 | |||||||||||||
2,025,000 | g | Morocco Government International Bond | 4.250 | 12/11/22 | 2,121,690 | ||||||||||||
3,000,000 | g | Morocco Government International Bond | 2.375 | 12/15/27 | 2,898,107 | ||||||||||||
1,500,000 | g | Namibia International Bonds | 5.500 | 11/03/21 | 1,520,161 | ||||||||||||
400,000 | g | Nederlandse Waterschapsbank NV | 2.125 | 11/15/21 | 404,683 | ||||||||||||
5,950,000 | g | OMERS Finance Trust | 2.500 | 05/02/24 | 6,296,092 | ||||||||||||
15,000,000 | g | Ontario Teachers’ Finance Trust | 1.625 | 09/12/24 | 15,485,188 | ||||||||||||
2,000,000 | g | Perusahaan Penerbit SBSN Indonesia III | 3.400 | 03/29/22 | 2,050,640 | ||||||||||||
5,000,000 | g | Perusahaan Penerbit SBSN Indonesia III | 3.750 | 03/01/23 | 5,265,400 | ||||||||||||
3,400,000 | g | Perusahaan Penerbit SBSN Indonesia III | 3.900 | 08/20/24 | 3,684,070 | ||||||||||||
10,400,000 | Province of British Columbia Canada | 1.300 | 01/29/31 | 9,783,917 | |||||||||||||
1,300,000 | Province of New Brunswick Canada | 8.750 | 05/01/22 | 1,411,798 | |||||||||||||
5,000,000 | Province of Ontario Canada | 1.125 | 10/07/30 | 4,609,850 | |||||||||||||
3,000,000 | g | Qatar Government International Bond | 3.375 | 03/14/24 | 3,216,934 | ||||||||||||
4,000,000 | g | Qatar Government International Bond | 4.000 | 03/14/29 | 4,531,892 | ||||||||||||
6,800,000 | Republic of Italy Government International Bond | 2.375 | 10/17/24 | 7,094,417 | |||||||||||||
1,500,000 | g | Republic of Paraguay Government International Bond | 4.625 | 01/25/23 | 1,578,765 | ||||||||||||
2,000,000 | g | Republic of Uzbekistan Government International Bond | 4.750 | 02/20/24 | 2,104,930 | ||||||||||||
5,625,000 | g | Saudi Government International Bond | 2.375 | 10/26/21 | 5,682,044 | ||||||||||||
500,000 | g | Senegal Goverment International Bond | 8.750 | 05/13/21 | 500,100 |
336 |
TIAA-CREF FUNDS - Short-Term Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 6,540,000 | Svensk Exportkredit AB | 1.750 | % | 12/12/23 | $ | 6,767,005 | ||||||||||
5,000,000 | Svensk Exportkredit AB | 0.500 | 08/26/25 | 4,901,050 | |||||||||||||
TOTAL FOREIGN GOVERNMENT BONDS | 239,744,226 | ||||||||||||||||
MORTGAGE BACKED - 2.0% | |||||||||||||||||
1,733 | Federal National Mortgage Association (FNMA) | 5.500 | 09/25/22 | 1,768 | |||||||||||||
611 | FNMA | 5.000 | 09/25/24 | 24 | |||||||||||||
19,784,864 | Government National Mortgage Association (GNMA) | 1.730 | 07/15/37 | 19,478,463 | |||||||||||||
22,349,586 | GNMA | 4.250 | 09/15/38 | 24,334,506 | |||||||||||||
TOTAL MORTGAGE BACKED | 43,814,761 | ||||||||||||||||
MUNICIPAL BONDS - 2.0% | |||||||||||||||||
5,000,000 | Bay Area Toll Authority | 2.254 | 04/01/24 | 5,227,661 | |||||||||||||
19,755,000 | City of New York NY | 2.280 | 08/01/25 | 20,805,172 | |||||||||||||
10,000,000 | Massachusetts Water Resources Authority | 2.083 | 08/01/25 | 10,531,065 | |||||||||||||
6,000,000 | Massachusetts Water Resources Authority | 3.104 | 08/01/39 | 6,282,074 | |||||||||||||
TOTAL MUNICIPAL BONDS | 42,845,972 | ||||||||||||||||
U.S. TREASURY SECURITIES - 16.1% | |||||||||||||||||
11,331,100 | k | United States Treasury Inflation Indexed Bonds | 0.125 | 01/15/23 | 11,883,491 | ||||||||||||
11,209,300 | k | United States Treasury Inflation Indexed Bonds | 0.625 | 01/15/24 | 12,152,603 | ||||||||||||
59,505,000 | United States Treasury Note | 1.500 | 09/30/21 | 59,937,341 | |||||||||||||
27,750,000 | United States Treasury Note | 1.625 | 12/31/21 | 28,073,027 | |||||||||||||
21,290,000 | United States Treasury Note | 0.125 | 06/30/22 | 21,294,990 | |||||||||||||
27,700,000 | United States Treasury Note | 0.125 | 10/31/22 | 27,696,754 | |||||||||||||
800,000 | United States Treasury Note | 0.125 | 01/31/23 | 799,625 | |||||||||||||
185,299,000 | United States Treasury Note | 0.250 | 03/15/24 | 184,806,800 | |||||||||||||
TOTAL U.S. TREASURY SECURITIES | 346,644,631 | ||||||||||||||||
TOTAL GOVERNMENT BONDS | 769,152,291 | ||||||||||||||||
(Cost $763,277,209) | |||||||||||||||||
STRUCTURED ASSETS - 23.0% | |||||||||||||||||
ASSET BACKED - 11.6% | |||||||||||||||||
110,372 | Aames Mortgage Trust (Step Bond) | 7.396 | 06/25/32 | 111,872 | |||||||||||||
Series - 2002 1 (Class A3) | |||||||||||||||||
461,538 | †,i | ARTS Ltd | LIBOR 3 M + 1.780% | 1.964 | 09/15/21 | 458,769 | |||||||||||
Series - 2016 53 (Class NOTE) | |||||||||||||||||
3,471,127 | g,i | Ashford Hospitality Trust | LIBOR 1 M + 0.900% | 1.006 | 04/15/35 | 3,464,833 | |||||||||||
Series - 2018 ASHF (Class A) | |||||||||||||||||
55,677 | †,g | Asset Backed Funding Corp NIM Trust | 5.900 | 07/26/35 | 1 | ||||||||||||
Series - 2005 WMC1 (Class N1) | |||||||||||||||||
1,633,702 | i | Asset Backed Securities Corp Home Equity Loan Trust | LIBOR 1 M + 1.650% | 1.756 | 03/15/32 | 1,640,209 | |||||||||||
Series - 2002 HE1 (Class M1) | |||||||||||||||||
362,548 | g | Bank of The West Auto Trust | 2.110 | 01/15/23 | 363,540 | ||||||||||||
Series - 2017 1 (Class A3) | |||||||||||||||||
930,570 | i | Bear Stearns Asset Backed Securities Trust | LIBOR 1 M + 1.230% | 1.339 | 08/25/43 | 929,819 | |||||||||||
Series - 2005 SD1 (Class 1M3) |
337 |
TIAA-CREF FUNDS - Short-Term Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 1,834,044 | g | Capital Automotive REIT | 3.870 | % | 04/15/47 | $ | 1,837,105 | |||||||||
Series - 2017 1A (Class A1) | |||||||||||||||||
2,500,000 | i | Capital One Multi-Asset Execution Trust | LIBOR 1 M + 0.630% | 0.736 | 02/15/24 | 2,500,680 | |||||||||||
Series - 2016 A2 (Class A2) | |||||||||||||||||
2,170,504 | Carmax Auto Owner Trust | 3.360 | 09/15/23 | 2,211,742 | |||||||||||||
Series - 2018 4 (Class A3) | |||||||||||||||||
1,260,518 | Carmax Auto Owner Trust | 3.050 | 03/15/24 | 1,284,425 | |||||||||||||
Series - 2019 1 (Class A3) | |||||||||||||||||
8,600,000 | Carmax Auto Owner Trust | 0.740 | 10/15/26 | 8,492,958 | |||||||||||||
Series - 2021 1 (Class B) | |||||||||||||||||
2,201,049 | †,g | CDO Repack SPC Ltd | 0.000 | 05/20/30 | 2,257,793 | ||||||||||||
Series - 2006 CLF1 (Class D1) | |||||||||||||||||
2,327 | Centex Home Equity | 5.540 | 01/25/32 | 2,402 | |||||||||||||
Series - 2002 A (Class AF6) | |||||||||||||||||
62,846 | i | Centex Home Equity | LIBOR 1 M + 0.645% | 0.754 | 03/25/34 | 61,943 | |||||||||||
Series - 2004 B (Class M1) | |||||||||||||||||
10,164,135 | g | CF Hippolyta LLC | 1.690 | 07/15/60 | 10,240,121 | ||||||||||||
Series - 2020 1 (Class A1) | |||||||||||||||||
122,341 | i | Chase Funding Mortgage Loan Asset-Backed Certificates | 5.700 | 02/26/35 | 125,879 | ||||||||||||
Series - 2004 2 (Class 1M2) | |||||||||||||||||
4,000,000 | i | Chase Issuance Trust | LIBOR 1 M + 0.550% | 0.656 | 06/15/23 | 4,004,626 | |||||||||||
Series - 2016 A3 (Class A3) | |||||||||||||||||
2,000,000 | i | Citibank Credit Card Issuance Trust | LIBOR 1 M + 0.370% | 0.474 | 08/08/24 | 2,008,212 | |||||||||||
Series - 2017 A7 (Class A7) | |||||||||||||||||
2,000,000 | i | Citibank Credit Card Issuance Trust | LIBOR 1 M + 0.330% | 0.441 | 01/20/25 | 2,007,665 | |||||||||||
Series - 2018 A2 (Class A2) | |||||||||||||||||
459,582 | g | Credit-Based Asset Servicing & Securitization LLC (Step Bond) | 4.945 | 12/25/37 | 467,974 | ||||||||||||
Series - 2007 SP1 (Class A4) | |||||||||||||||||
3,500,000 | i | Discover Card Execution Note Trust | LIBOR 1 M + 0.230% | 0.336 | 12/15/23 | 3,501,252 | |||||||||||
Series - 2018 A3 (Class A3) | |||||||||||||||||
2,000,000 | i | Discover Card Execution Note Trust | LIBOR 1 M + 0.330% | 0.436 | 08/15/25 | 2,008,671 | |||||||||||
Series - 2018 A2 (Class A2) | |||||||||||||||||
2,425,000 | g,i | Domino’s Pizza Master Issuer LLC | LIBOR 3 M + 1.250% | 1.468 | 07/25/47 | 2,424,854 | |||||||||||
Series - 2017 1A (Class A2I) | |||||||||||||||||
14,550,000 | g | Domino’s Pizza Master Issuer LLC | 3.082 | 07/25/47 | 14,573,134 | ||||||||||||
Series - 2017 1A (Class A2II) | |||||||||||||||||
3,500,000 | Drive Auto Receivables Trust | 0.830 | 05/15/24 | 3,512,481 | |||||||||||||
Series - 2020 2 (Class A3) | |||||||||||||||||
335,782 | Entergy Louisiana Investment Recovery Funding I LLC | 2.040 | 09/01/23 | 336,524 | |||||||||||||
Series - 2011 A (Class A1) | |||||||||||||||||
3,967,179 | g | FNA VI LLC | 1.350 | 01/10/32 | 3,961,083 | ||||||||||||
Series - 2021 1A (Class A) | |||||||||||||||||
5,900,000 | Ford Credit Auto Lease Trust | 0.470 | 05/15/24 | 5,878,132 | |||||||||||||
Series - 2021 A (Class B) | |||||||||||||||||
3,000,000 | Ford Credit Auto Owner Trust | 1.040 | 08/15/24 | 3,028,592 | |||||||||||||
Series - 2020 A (Class A3) | |||||||||||||||||
2,000,000 | Ford Credit Auto Owner Trust | 1.350 | 07/15/25 | 2,042,167 | |||||||||||||
Series - 2020 A (Class A4) | |||||||||||||||||
4,500,000 | Ford Credit Auto Owner Trust | 0.700 | 10/15/26 | 4,464,943 | |||||||||||||
Series - 2021 A (Class B) | |||||||||||||||||
750,000 | †,i | Garanti Diversified Payment Rights Finance Co | LIBOR 3 M + 3.172% | 3.397 | 10/09/21 | 744,750 | |||||||||||
Series - 2016 A (Class A) |
338 |
TIAA-CREF FUNDS - Short-Term Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 1,306,082 | GM Financial Consumer Automobile Receivables Trust | 3.210 | % | 10/16/23 | $ | 1,325,318 | ||||||||||
Series - 2018 4 (Class A3) | |||||||||||||||||
3,350,000 | GM Financial Consumer Automobile Receivables Trust | 0.750 | 05/17/27 | 3,326,574 | |||||||||||||
Series - 2021 1 (Class B) | �� | ||||||||||||||||
1,596,464 | Honda Auto Receivables Owner Trust | 2.830 | 03/20/23 | 1,620,712 | |||||||||||||
Series - 2019 1 (Class A3) | |||||||||||||||||
6,500,000 | g | Hyundai Auto Lease Securitization Trust | 0.610 | 10/15/25 | 6,493,149 | ||||||||||||
Series - 2021 A (Class B) | |||||||||||||||||
1,862,718 | g,i | Invitation Homes Trust | LIBOR 1 M + 0.900% | 1.006 | 06/17/37 | 1,866,170 | |||||||||||
Series - 2018 SFR2 (Class A) | |||||||||||||||||
9,087,103 | g,i | Invitation Homes Trust | LIBOR 1 M + 1.000% | 1.108 | 07/17/37 | 9,104,082 | |||||||||||
Series - 2018 SFR3 (Class A) | |||||||||||||||||
1,563,000 | g,i | Invitation Homes Trust | LIBOR 1 M + 1.650% | 1.758 | 01/17/38 | 1,571,981 | |||||||||||
Series - 2018 SFR4 (Class D) | |||||||||||||||||
1,000,000 | g,i | Irvine Core Office Trust | 3.174 | 05/15/48 | 1,048,729 | ||||||||||||
Series - 2013 IRV (Class A2) | |||||||||||||||||
4,530,803 | g,i | KKR Industrial Portfolio Trust | LIBOR 1 M + 2.030% | 2.136 | 03/15/37 | 4,535,067 | |||||||||||
Series - 2020 AIP (Class D) | |||||||||||||||||
675,003 | g | Mid-State Capital Trust | 7.000 | 12/15/45 | 698,896 | ||||||||||||
Series - 2010 1 (Class B) | |||||||||||||||||
8,000,000 | g | MMAF Equipment Finance LLC | 2.010 | 12/12/24 | 8,208,476 | ||||||||||||
Series - 2019 B (Class A3) | |||||||||||||||||
5,804,319 | g | Navient Private Education Refi Loan Trust | 0.840 | 05/15/69 | 5,785,736 | ||||||||||||
Series - 2021 A (Class A) | |||||||||||||||||
1,110,458 | g | New Residential Mortgage LLC | 4.690 | 05/25/23 | 1,110,162 | ||||||||||||
Series - 2018 FNT1 (Class D) | |||||||||||||||||
1,025,086 | g | New Residential Mortgage LLC | 4.920 | 07/25/54 | 1,025,345 | ||||||||||||
Series - 2018 FNT2 (Class D) | |||||||||||||||||
3,000,000 | g | Oportun Funding XIV LLC | 1.210 | 03/08/28 | 2,998,973 | ||||||||||||
Series - 2021 A (Class A) | |||||||||||||||||
2,503,306 | i | Park Place Securities, Inc | LIBOR 1 M + 1.245% | 1.354 | 01/25/36 | 2,512,596 | |||||||||||
Series - 2005 WCH1 (Class M4) | |||||||||||||||||
7,000,000 | g | PFS Financing Corp | 0.710 | 04/15/26 | 6,964,278 | ||||||||||||
Series - 2021 A (Class A) | |||||||||||||||||
2,205,701 | g | Progress Residential Trust | 2.768 | 08/17/34 | 2,219,336 | ||||||||||||
Series - 2017 SFR1 (Class A) | |||||||||||||||||
5,500,000 | g | Santander Consumer Auto Receivables Trust | 0.710 | 08/17/26 | 5,467,797 | ||||||||||||
Series - 2021 AA (Class B) | |||||||||||||||||
2,500,000 | SCE Recovery Funding LLC | 0.861 | 11/15/31 | 2,422,792 | |||||||||||||
2,500,000 | g | ServiceMaster Funding LLC | �� | 2.841 | 10/30/51 | 2,553,175 | |||||||||||
Series - 2020 1 (Class A2I) | |||||||||||||||||
5,000,000 | g | SERVPRO Master Issuer LLC | 2.394 | 04/25/51 | 4,939,475 | ||||||||||||
Series - 2021 1A (Class A2) | |||||||||||||||||
5,000,000 | g | Sierra Timeshare Receivables Funding LLC | 0.990 | 11/20/37 | 4,987,566 | ||||||||||||
Series - 2021 1A (Class A) | |||||||||||||||||
481,310 | g | SoFi Professional Loan Program LLC | 2.360 | 12/27/32 | 486,735 | ||||||||||||
Series - 2016 C (Class A2B) | |||||||||||||||||
881,655 | g | SoFi Professional Loan Program LLC | 2.340 | 04/25/33 | 898,064 | ||||||||||||
Series - 2016 D (Class A2B) | |||||||||||||||||
720,811 | g | SoFi Professional Loan Program LLC | 2.510 | 08/25/33 | 722,421 | ||||||||||||
Series - 2015 C (Class A2) |
339 |
TIAA-CREF FUNDS - Short-Term Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 341,721 | g | SoFi Professional Loan Program LLC | 2.630 | % | 07/25/40 | $ | 347,190 | |||||||||
Series - 2017 C (Class A2B) | |||||||||||||||||
3,750,000 | g | Stack Infrastructure Issuer LLC | 1.893 | 08/25/45 | 3,759,148 | ||||||||||||
Series - 2020 1A (Class A2) | |||||||||||||||||
1,100,000 | Synchrony Card Issuance Trust | 3.380 | 09/15/24 | 1,115,524 | |||||||||||||
Series - 2018 A1 (Class A) | |||||||||||||||||
392,622 | g | Tax Ease Funding LLC | 3.131 | 06/15/28 | 393,470 | ||||||||||||
Series - 2016 1A (Class A) | |||||||||||||||||
487,477 | g | TCF Auto Receivables Owner Trust | 2.920 | 10/17/22 | 487,932 | ||||||||||||
Series - 2016 PT1A (Class B) | |||||||||||||||||
8,964,201 | g | TES LLC | 4.330 | 10/20/47 | 9,317,756 | ||||||||||||
Series - 2017 1A (Class A) | |||||||||||||||||
6,700,000 | g | Tesla Auto Lease Trust | 0.660 | 03/20/25 | 6,693,548 | ||||||||||||
Series - 2021 A (Class A4) | |||||||||||||||||
5,000,000 | g | Tesla Auto Lease Trust | 1.020 | 03/20/25 | 4,993,249 | ||||||||||||
Series - 2021 A (Class B) | |||||||||||||||||
1,012,374 | Toyota Auto Receivables Owner | 2.050 | 09/15/22 | 1,013,102 | |||||||||||||
Series - 2017 B (Class A4) | |||||||||||||||||
1,228,506 | Toyota Auto Receivables Owner | 3.180 | 03/15/23 | 1,244,569 | |||||||||||||
Series - 2018 D (Class A3) | |||||||||||||||||
2,136,752 | g | Tricon American Homes Trust | 2.716 | 09/17/34 | 2,150,797 | ||||||||||||
Series - 2017 SFR1 (Class A) | |||||||||||||||||
10,905,000 | Verizon Owner Trust | 3.380 | 04/20/23 | 11,154,987 | |||||||||||||
Series - 2018 A (Class B) | |||||||||||||||||
9,000,000 | Verizon Owner Trust | 3.020 | 09/20/23 | 9,304,678 | |||||||||||||
Series - 2019 A (Class B) | |||||||||||||||||
17,500,000 | Verizon Owner Trust | 0.680 | 02/20/25 | 17,489,902 | |||||||||||||
Series - 2020 B (Class B) | |||||||||||||||||
3,500,000 | Volkswagen Auto Loan Enhanced Trust | 0.980 | 11/20/24 | 3,535,125 | |||||||||||||
Series - 2020 1 (Class A3) | |||||||||||||||||
1,500,000 | Volkswagen Auto Loan Enhanced Trust | 1.260 | 08/20/26 | 1,525,884 | |||||||||||||
Series - 2020 1 (Class A4) | |||||||||||||||||
TOTAL ASSET BACKED | 250,369,617 | ||||||||||||||||
OTHER MORTGAGE BACKED - 11.4% | |||||||||||||||||
374,732 | g,i | ACE Securities Corp Manufactured Housing Trust | 6.500 | 08/15/30 | 391,839 | ||||||||||||
Series - 2003 MH1 (Class M1) | |||||||||||||||||
4,650,000 | g,i | ACRE Commercial Mortgage Ltd | LIBOR 1 M + 0.830% | 0.938 | 12/18/37 | 4,635,522 | |||||||||||
Series - 2021 FL4 (Class A) | |||||||||||||||||
3,145,000 | g,i | Angel Oak Mortgage Trust | 3.161 | 12/25/59 | 3,214,435 | ||||||||||||
Series - 2020 1 (Class M1) | |||||||||||||||||
3,000,000 | g,i | Atrium Hotel Portfolio Trust | LIBOR 1 M + 0.950% | 1.056 | 06/15/35 | 2,999,048 | |||||||||||
Series - 2018 ATRM (Class A) | |||||||||||||||||
32,896 | i | Banc of America Funding | LIBOR 1 M + 0.800% | 0.911 | 02/20/35 | 32,941 | |||||||||||
Series - 2005 A (Class 5A3) | |||||||||||||||||
4,119,000 | g,i | BBCMS Trust | LIBOR 1 M + 1.000% | 1.106 | 07/15/37 | 4,114,019 | |||||||||||
Series - 2018 CBM (Class A) | |||||||||||||||||
1,149,961 | i | Bear Stearns ALT-A Trust | LIBOR 1 M + 0.600% | 0.709 | 06/25/34 | 1,165,870 | |||||||||||
Series - 2004 4 (Class A1) | |||||||||||||||||
1,280,510 | g,i | BHP Trust | LIBOR 1 M + 0.975% | 1.081 | 08/15/36 | 1,280,126 | |||||||||||
Series - 2019 BXHP (Class A) | |||||||||||||||||
2,100,000 | g,i | BX Commercial Mortgage Trust | LIBOR 1 M + 1.300% | 1.406 | 11/15/35 | 2,099,999 | |||||||||||
Series - 2018 IND (Class D) |
340 |
TIAA-CREF FUNDS - Short-Term Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 3,385,840 | g,i | BX Commercial Mortgage Trust | LIBOR 1 M + 1.250% | 1.356 | % | 10/15/36 | $ | 3,385,839 | ||||||||
Series - 2019 XL (Class C) | |||||||||||||||||
1,781,389 | g,i | BX Commercial Mortgage Trust | LIBOR 1 M + 1.120% | 1.226 | 12/15/36 | 1,779,783 | |||||||||||
Series - 2020 BXLP (Class C) | |||||||||||||||||
4,488,730 | g,i | Chase Mortgage Trust | 3.750 | 12/25/45 | 4,653,064 | ||||||||||||
Series - 2016 SH2 (Class M2) | |||||||||||||||||
25,213 | Citicorp Mortgage Securities Trust | 5.500 | 02/25/26 | 25,500 | |||||||||||||
Series - 2006 1 (Class 5A1) | |||||||||||||||||
1,470,763 | g,i | Citigroup Mortgage Loan Trust | LIBOR 1 M + 0.145% | 2.631 | 09/25/36 | 1,419,015 | |||||||||||
Series - 2006 AMC1 (Class A1) | |||||||||||||||||
3,623,360 | g | COMM Mortgage Trust | 3.397 | 03/10/46 | 3,708,487 | ||||||||||||
Series - 2013 CR6 (Class B) | |||||||||||||||||
2,014,904 | COMM Mortgage Trust | 4.701 | 03/10/47 | 2,183,715 | |||||||||||||
Series - 2014 UBS2 (Class B) | |||||||||||||||||
2,000,000 | i | COMM Mortgage Trust | 4.703 | 08/10/47 | 2,191,069 | ||||||||||||
Series - 2014 CR19 (Class B) | |||||||||||||||||
1,000,000 | g,i | COMM Mortgage Trust | 4.709 | 08/10/47 | 960,913 | ||||||||||||
Series - 2014 CR19 (Class D) | |||||||||||||||||
3,000,000 | i | COMM Mortgage Trust | 3.463 | 08/10/48 | 2,699,919 | ||||||||||||
Series - 2015 CR24 (Class D) | |||||||||||||||||
3,970,000 | i | COMM Mortgage Trust | 4.534 | 08/10/48 | 4,354,506 | ||||||||||||
Series - 2015 CR25 (Class B) | |||||||||||||||||
1,193,291 | i | Connecticut Avenue Securities | LIBOR 1 M + 2.600% | 2.709 | 05/25/24 | 1,173,225 | |||||||||||
Series - 2014 C02 (Class 1M2) | |||||||||||||||||
5,032,237 | i | Connecticut Avenue Securities | LIBOR 1 M + 3.000% | 3.109 | 07/25/24 | 4,961,101 | |||||||||||
Series - 2014 C03 (Class 1M2) | |||||||||||||||||
3,257,893 | i | Connecticut Avenue Securities | LIBOR 1 M + 0.850% | 0.959 | 09/25/29 | 3,180,856 | |||||||||||
Series - 2017 C02 (Class 2ED4) | |||||||||||||||||
10,010,797 | i | Connecticut Avenue Securities | LIBOR 1 M + 1.350% | 1.459 | 09/25/29 | 10,025,779 | |||||||||||
Series - 2017 C02 (Class 2ED3) | |||||||||||||||||
11,560,020 | i | Connecticut Avenue Securities | LIBOR 1 M + 2.200% | 2.309 | 01/25/30 | 11,672,209 | |||||||||||
Series - 2017 C05 (Class 1M2) | |||||||||||||||||
2,212,421 | i | Connecticut Avenue Securities | LIBOR 1 M + 2.650% | 2.759 | 02/25/30 | 2,230,729 | |||||||||||
Series - 2017 C06 (Class 1M2) | |||||||||||||||||
1,612,453 | i | Connecticut Avenue Securities | LIBOR 1 M + 0.850% | 0.959 | 10/25/30 | 1,601,882 | |||||||||||
Series - 2018 C03 (Class 1EA2) | |||||||||||||||||
327,646 | g,i | Connecticut Avenue Securities | LIBOR 1 M + 0.750% | 0.859 | 01/25/40 | 327,541 | |||||||||||
Series - 2020 R02 (Class 2M1) | |||||||||||||||||
536,495 | g,i | Connecticut Avenue Securities | LIBOR 1 M + 0.800% | 0.909 | 01/25/40 | 536,494 | |||||||||||
Series - 2020 R01 (Class 1M1) | |||||||||||||||||
3,000,000 | g,i | Connecticut Avenue Securities | LIBOR 1 M + 2.000% | 2.109 | 01/25/40 | 2,990,651 | |||||||||||
Series - 2020 R02 (Class 2M2) | |||||||||||||||||
2,523,039 | g | Credit Suisse Commercial Mortgage Trust | 3.304 | 09/15/37 | 2,578,196 | ||||||||||||
Series - 2014 USA (Class A1) | |||||||||||||||||
112,470 | Credit Suisse First Boston Mortgage Securities Corp | 5.750 | 09/25/33 | 115,017 | |||||||||||||
Series - 2003 23 (Class 3A4) | |||||||||||||||||
4,150,000 | g,i | Credit Suisse Mortgage Capital Certificates | LIBOR 1 M + 0.980% | 1.086 | 05/15/36 | 4,153,860 | |||||||||||
Series - 2019 ICE4 (Class A) | |||||||||||||||||
1,400,000 | g | CSMC | 2.816 | 08/15/37 | 1,433,497 | ||||||||||||
Series - 2020 NET (Class B) | |||||||||||||||||
3,800,000 | g,i | DBUBS Mortgage Trust | 5.615 | 07/10/44 | 3,801,674 | ||||||||||||
Series - 2011 LC2A (Class C) | |||||||||||||||||
1,600,000 | g,i | DBUBS Mortgage Trust | 5.615 | 07/10/44 | 1,579,817 | ||||||||||||
Series - 2011 LC2A (Class D) |
341 |
TIAA-CREF FUNDS - Short-Term Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 104,316 | Deutsche Mortgage Securities, Inc Mortgage Loan Trust (Step Bond) | 5.940 | % | 07/25/34 | $ | 104,780 | ||||||||||
Series - 2004 5 (Class A5B) | |||||||||||||||||
1,050,000 | g | GS Mortgage Securities Corp II | 3.419 | 10/10/32 | 1,073,385 | ||||||||||||
Series - 2017 SLP (Class A) | |||||||||||||||||
3,000,000 | g | GS Mortgage Securities Corp II | 2.954 | 11/05/34 | 3,032,936 | ||||||||||||
Series - 2012 BWTR (Class A) | |||||||||||||||||
2,598,000 | g,i | GS Mortgage Securities Corp II | 4.403 | 02/10/46 | 2,350,539 | ||||||||||||
Series - 2013 GC10 (Class D) | |||||||||||||||||
2,000,000 | g,i | GS Mortgage Securities Trust | LIBOR 1 M + 1.090% | 1.196 | 10/15/31 | 1,998,189 | |||||||||||
Series - 2018 HART (Class A) | |||||||||||||||||
1,321,000 | g,i | GS Mortgage Securities Trust | 3.349 | 07/10/52 | 1,391,304 | ||||||||||||
Series - 2019 GC40 (Class DBA) | |||||||||||||||||
9,000,000 | g,i | GS Mortgage Securities Trust | 3.501 | 07/10/52 | 9,421,447 | ||||||||||||
Series - 2019 GC40 (Class DBB) | |||||||||||||||||
4,000,000 | g,i | GS Mortgage Securities Trust | 3.550 | 07/10/52 | 4,131,126 | ||||||||||||
Series - 2019 GC40 (Class DBC) | |||||||||||||||||
393,168 | IMC Home Equity Loan Trust (Step Bond) | 5.432 | 08/20/29 | 405,676 | |||||||||||||
Series - 1998 3 (Class A7) | |||||||||||||||||
99,330 | i | Impac CMB Trust | LIBOR 1 M + 0.660% | 0.769 | 03/25/35 | 101,472 | |||||||||||
Series - 2004 11 (Class 2A1) | |||||||||||||||||
68,096 | g | JP Morgan Chase Commercial Mortgage Securities Corp | 4.717 | 02/15/46 | 68,034 | ||||||||||||
Series - 2011 C3 (Class A4) | |||||||||||||||||
6,170,000 | g,i | JP Morgan Chase Commercial Mortgage Securities Corp | 5.360 | 02/15/46 | 5,552,374 | ||||||||||||
Series - 2011 C3 (Class C) | |||||||||||||||||
600,000 | g | JP Morgan Chase Commercial Mortgage Securities Trust | 4.021 | 07/05/32 | 615,580 | ||||||||||||
Series - 2012 HSBC (Class C) | |||||||||||||||||
998,197 | g | JP Morgan Chase Commercial Mortgage Securities Trust | 4.070 | 11/15/43 | 1,000,692 | ||||||||||||
Series - 2010 C2 (Class A3) | |||||||||||||||||
3,843,000 | i | JP Morgan Chase Commercial Mortgage Securities Trust | 4.078 | 01/15/46 | 4,029,865 | ||||||||||||
Series - 2013 C13 (Class C) | |||||||||||||||||
2,000,000 | g,i | JP Morgan Chase Commercial Mortgage Securities Trust | 5.013 | 02/15/46 | 2,029,399 | ||||||||||||
Series - 2011 C3 (Class B) | |||||||||||||||||
2,300,000 | JP Morgan Chase Commercial Mortgage Securities Trust | 2.870 | 08/15/49 | 2,426,925 | |||||||||||||
Series - 2016 JP3 (Class A5) | |||||||||||||||||
1,545,586 | g,i | JP Morgan Mortgage Trust | 3.500 | 01/25/47 | 1,547,782 | ||||||||||||
Series - 2017 1 (Class A3) | |||||||||||||||||
242,040 | g,i | JP Morgan Mortgage Trust | LIBOR 1 M + 0.950% | 1.059 | 10/25/49 | 243,754 | |||||||||||
Series - 2019 INV1 (Class A11) | |||||||||||||||||
349,731 | JPMBB Commercial Mortgage Securities Trust | 3.657 | 09/15/47 | 367,545 | |||||||||||||
Series - 2014 C23 (Class ASB) | |||||||||||||||||
5,000,000 | g,i | Merit | LIBOR 1 M + 1.150% | 1.256 | 08/15/37 | 5,015,671 | |||||||||||
Series - 2020 HILL (Class A) | |||||||||||||||||
2,200,000 | g,i | Merit | LIBOR 1 M + 1.700% | 1.806 | 08/15/37 | 2,208,385 | |||||||||||
Series - 2020 HILL (Class C) |
342 |
TIAA-CREF FUNDS - Short-Term Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 1,876,185 | g | Morgan Stanley Bank of America Merrill Lynch Trust | 3.989 | % | 12/15/46 | $ | 1,965,399 | |||||||||
Series - 2014 C19 (Class LNC1) | |||||||||||||||||
199,756 | i | Morgan Stanley Capital I Trust | LIBOR 1 M + 0.825% | 0.934 | 08/25/34 | 197,892 | |||||||||||
Series - 2004 HE6 (Class M1) | |||||||||||||||||
2,500,000 | g,i | Natixis Commercial Mortgage Securities Trust | LIBOR 1 M + 1.500% | 1.606 | 07/15/36 | 2,507,281 | |||||||||||
Series - 2019 MILE (Class A) | |||||||||||||||||
7,500,000 | g,i | Natixis Commercial Mortgage Securities Trust | LIBOR 1 M + 2.200% | 2.306 | 07/15/36 | 7,511,979 | |||||||||||
Series - 2019 MILE (Class C) | |||||||||||||||||
1,000,000 | g | Natixis Commercial Mortgage Securities Trust | 2.966 | 12/15/38 | 1,036,568 | ||||||||||||
Series - 2020 2PAC (Class A) | |||||||||||||||||
757,648 | g,i | New Residential Mortgage Loan Trust | 3.750 | 05/28/52 | 799,987 | ||||||||||||
Series - 2015 1A (Class A3) | |||||||||||||||||
804,779 | g,i | New Residential Mortgage Loan Trust | 3.750 | 05/25/54 | 852,784 | ||||||||||||
Series - 2014 2A (Class A3) | |||||||||||||||||
508,718 | g,i | New Residential Mortgage Loan Trust | 3.750 | 11/25/54 | 541,884 | ||||||||||||
Series - 2014 3A (Class AFX3) | |||||||||||||||||
892,294 | g,i | New Residential Mortgage Loan Trust | 3.750 | 03/25/56 | 942,218 | ||||||||||||
Series - 2016 1A (Class A1) | |||||||||||||||||
1,063,175 | g,i | New Residential Mortgage Loan Trust | 4.000 | 02/25/57 | 1,140,109 | ||||||||||||
Series - 2017 1A (Class A1) | |||||||||||||||||
1,471,956 | g,i | New Residential Mortgage Loan Trust | 4.000 | 12/25/57 | 1,571,304 | ||||||||||||
Series - 2018 1A (Class A1A) | |||||||||||||||||
1,057,190 | g,i | New Residential Mortgage Loan Trust | 4.750 | 12/25/57 | 1,116,849 | ||||||||||||
Series - 2018 5A (Class A1) | |||||||||||||||||
1,404,244 | g,h,i | OBX Trust | LIBOR 1 M + 0.650% | 0.759 | 06/25/57 | 1,407,051 | |||||||||||
Series - 2018 1 (Class A2) | |||||||||||||||||
4,433,506 | g,i | OBX Trust | LIBOR 1 M + 0.750% | 0.859 | 07/25/58 | 4,434,594 | |||||||||||
Series - 2018 EXP2 (Class 2A1A) | |||||||||||||||||
2,000,000 | g | RBS Commercial Funding, Inc Trust | 3.511 | 03/11/31 | 2,011,048 | ||||||||||||
Series - 2013 SMV (Class B) | |||||||||||||||||
827,305 | g,i | Sequoia Mortgage Trust | 4.000 | 12/25/43 | 835,113 | ||||||||||||
Series - 2013 12 (Class A1) | |||||||||||||||||
68,559 | g,i | Sequoia Mortgage Trust | 3.500 | 02/25/47 | 68,796 | ||||||||||||
Series - 2017 1 (Class A4) | |||||||||||||||||
156,102 | g,i | Sequoia Mortgage Trust | 3.500 | 02/25/47 | 156,604 | ||||||||||||
Series - 2017 2 (Class A4) | |||||||||||||||||
1,589,056 | g,i | Sequoia Mortgage Trust | 3.500 | 02/25/47 | 1,600,746 | ||||||||||||
Series - 2017 2 (Class A10) | |||||||||||||||||
1,388,141 | g,i | Sequoia Mortgage Trust | 3.500 | 04/25/47 | 1,391,737 | ||||||||||||
Series - 2017 3 (Class A4) | |||||||||||||||||
506,613 | g,i | Sequoia Mortgage Trust | 3.500 | 09/25/47 | 506,663 | ||||||||||||
Series - 2017 6 (Class A4) | |||||||||||||||||
2,740,388 | g,i | Sequoia Mortgage Trust | 3.500 | 03/25/48 | 2,740,550 | ||||||||||||
Series - 2018 3 (Class A4) | |||||||||||||||||
4,586,625 | g,i | Sequoia Mortgage Trust | 3.500 | 02/25/50 | 4,615,278 | ||||||||||||
Series - 2020 1 (Class A4) | |||||||||||||||||
836,585 | g,i | Sequoia Mortgage Trust | 3.500 | 03/25/50 | 847,993 | ||||||||||||
Series - 2020 2 (Class A4) | |||||||||||||||||
947,923 | g,i | Shellpoint Co-Originator Trust | 3.500 | 04/25/47 | 949,918 | ||||||||||||
Series - 2017 1 (Class A4) | |||||||||||||||||
977,830 | h,i | Structured Adjustable Rate Mortgage Loan Trust | LIBOR 1 M + 0.370% | 0.479 | 07/25/34 | 999,738 | |||||||||||
Series - 2004 9XS (Class A) | |||||||||||||||||
4,759,067 | i | Structured Agency Credit Risk Debt Note (STACR) | LIBOR 1 M + 3.250% | 3.359 | 07/25/29 | 4,890,356 | |||||||||||
Series - 2017 DNA1 (Class M2) |
343 |
TIAA-CREF FUNDS - Short-Term Bond Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | ||||||||||||
$ | 3,218,887 | i | STACR | LIBOR 1 M + 1.200% | 1.309 | % | 10/25/29 | $ | 3,222,962 | ||||||||
Series - 2017 DNA2 (Class M1) | |||||||||||||||||
3,500,000 | i | STACR | LIBOR 1 M + 2.500% | 2.609 | 03/25/30 | 3,566,441 | |||||||||||
Series - 2017 DNA3 (Class M2) | |||||||||||||||||
8,632,500 | i | STACR | LIBOR 1 M + 2.500% | 2.609 | 03/25/30 | 8,653,003 | |||||||||||
Series - 2017 DNA3 (Class M2B) | |||||||||||||||||
1,148,495 | g,i | STACR | LIBOR 1 M + 1.100% | 1.209 | 07/27/50 | 1,149,037 | |||||||||||
Series - 2020 HQA2 (Class M1) | |||||||||||||||||
18,500,000 | g,i | STACR | LIBOR 1 M + 1.500% | 1.609 | 08/25/50 | 18,526,068 | |||||||||||
Series - 2020 DNA4 (Class M2AR) | |||||||||||||||||
3,723,000 | g,i | UBS-Citigroup Commercial Mortgage Trust | 6.051 | 01/10/45 | 3,796,978 | ||||||||||||
Series - 2011 C1 (Class B) | |||||||||||||||||
5,212,506 | g | Verus Securitization Trust | 2.724 | 01/25/60 | 5,259,155 | ||||||||||||
Series - 2020 1 (Class A3) | |||||||||||||||||
1,274,000 | Wells Fargo Commercial Mortgage Trust | 3.539 | 10/15/45 | 1,319,565 | |||||||||||||
Series - 2012 LC5 (Class AS) | |||||||||||||||||
896,000 | g,i | Wells Fargo Commercial Mortgage Trust | 4.759 | 10/15/45 | 910,973 | ||||||||||||
Series - 2012 LC5 (Class D) | |||||||||||||||||
119,099 | g | WFRBS Commercial Mortgage Trust | 4.375 | 03/15/44 | 118,995 | ||||||||||||
Series - 2011 C3 (Class A4) | |||||||||||||||||
2,500,000 | i | WFRBS Commercial Mortgage Trust | 4.204 | 11/15/47 | 2,517,002 | ||||||||||||
Series - 2014 C24 (Class B) | |||||||||||||||||
TOTAL OTHER MORTGAGE BACKED | 245,455,615 | ||||||||||||||||
TOTAL STRUCTURED ASSETS | 495,825,232 | ||||||||||||||||
(Cost $495,336,995) | |||||||||||||||||
TOTAL BONDS | 2,008,394,723 | ||||||||||||||||
(Cost $1,991,686,213) | |||||||||||||||||
SHORT-TERM INVESTMENTS - 5.0% | |||||||||||||||||
GOVERNMENT AGENCY DEBT - 4.9% | |||||||||||||||||
8,935,000 | Federal Home Loan Bank (FHLB) | 0.005 | 04/07/21 | 8,935,000 | |||||||||||||
20,533,000 | FHLB | 0.035 | 04/09/21 | 20,533,000 | |||||||||||||
10,000,000 | FHLB | 0.010 | 04/14/21 | 10,000,000 | |||||||||||||
10,000,000 | FHLB | 0.004 | 04/21/21 | 10,000,000 | |||||||||||||
10,000,000 | FHLB | 0.010 | 04/23/21 | 10,000,000 | |||||||||||||
15,000,000 | FHLB | 0.010 | 05/03/21 | 14,999,867 | |||||||||||||
14,148,000 | FHLB | 0.005 | 05/05/21 | 14,147,866 | |||||||||||||
16,748,000 | FHLB | 0.035 | 05/28/21 | 16,747,735 | |||||||||||||
TOTAL GOVERNMENT AGENCY DEBT | 105,363,468 | ||||||||||||||||
TREASURY DEBT - 0.1% | |||||||||||||||||
2,484,000 | United States Treasury Bill | 0.033 | 06/01/21 | 2,483,937 | |||||||||||||
TOTAL TREASURY DEBT | 2,483,937 |
344 |
TIAA-CREF FUNDS - Short-Term Bond Fund
SHARES | COMPANY | RATE | VALUE | ||||||||||||||
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.0% | |||||||||||||||||
1,300,874 | c | State Street Navigator Securities Lending Government Money Market Portfolio | 0.030 | % | $ | 1,300,874 | |||||||||||
TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES | 1,300,874 | ||||||||||||||||
TOTAL SHORT-TERM INVESTMENTS | 109,148,279 | ||||||||||||||||
(Cost $109,147,356) | |||||||||||||||||
TOTAL INVESTMENTS - 99.7% | 2,153,206,566 | ||||||||||||||||
(Cost $2,136,663,733) | |||||||||||||||||
OTHER ASSETS & LIABILITIES, NET - 0.3% | 6,279,541 | ||||||||||||||||
NET ASSETS - 100.0% | $ | 2,159,486,107 |
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. | ||
c | Investments made with cash collateral received from securities on loan. | ||
e | All or a portion of these securities are out on loan. The aggregate value of securities on loan is $1,271,445. | ||
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 3/31/2021, the aggregate value of these securities is $688,453,335 or 31.9% 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. | ||
Futures contracts outstanding as of March 31, 2021 were as follows:
Description | Number of long (short) contracts | Expiration date | Notional amount | Value | Unrealized appreciation (depreciation) | |||||||||||||
US Long Bond (CBT) | (40 | ) | 06/21/21 | $ | (6,399,587 | ) | $ | (6,183,750 | ) | $ | 215,837 | |||||||
US 10 Year Note (CBT) | (476 | ) | 06/21/21 | (63,916,923 | ) | (62,326,250 | ) | 1,590,673 | ||||||||||
Total | (516 | ) | $ | (70,316,510 | ) | $ | (68,510,000 | ) | $ | 1,806,510 |
345 |
TIAA-CREF FUNDS - Short-Term Bond Index Fund
TIAA-CREF FUNDS
SHORT-TERM BOND INDEX FUND
SCHEDULE OF INVESTMENTS
March 31, 2021
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
BONDS - 99.5% | |||||||||||||||||
CORPORATE BONDS - 23.5% | |||||||||||||||||
AUTOMOBILES & COMPONENTS - 0.1% | |||||||||||||||||
$ | 200,000 | General Motors Co | 5.400 | % | 10/02/23 | $ | 217,164 | ||||||||||
250,000 | Toyota Motor Corp | 2.157 | 07/02/22 | 255,768 | |||||||||||||
500,000 | Toyota Motor Corp | 0.681 | 03/25/24 | 499,886 | |||||||||||||
TOTAL AUTOMOBILES & COMPONENTS | 972,818 | ||||||||||||||||
BANKS - 6.7% | |||||||||||||||||
300,000 | Australia & New Zealand Banking Group Ltd | 2.625 | 05/19/22 | 307,940 | |||||||||||||
250,000 | Australia & New Zealand Banking Group Ltd | 2.050 | 11/21/22 | 256,952 | |||||||||||||
200,000 | Banco Bilbao Vizcaya Argentaria S.A. | 0.875 | 09/18/23 | 200,533 | |||||||||||||
400,000 | Banco Santander S.A. | 3.125 | 02/23/23 | 418,488 | |||||||||||||
200,000 | Banco Santander S.A. | 3.848 | 04/12/23 | 212,676 | |||||||||||||
300,000 | Bank of America Corp | 3.499 | 05/17/22 | 301,118 | |||||||||||||
200,000 | Bank of America Corp | 2.503 | 10/21/22 | 202,366 | |||||||||||||
500,000 | Bank of America Corp | 3.300 | 01/11/23 | 525,284 | |||||||||||||
1,950,000 | Bank of America Corp | 2.881 | 04/24/23 | 1,996,653 | |||||||||||||
500,000 | Bank of America Corp | 3.550 | 03/05/24 | 527,537 | |||||||||||||
500,000 | Bank of America Corp | 1.486 | 05/19/24 | 508,254 | |||||||||||||
1,200,000 | Bank of America Corp | 3.864 | 07/23/24 | 1,285,287 | |||||||||||||
1,250,000 | Bank of America Corp | 0.810 | 10/24/24 | 1,253,098 | |||||||||||||
250,000 | Bank of America NA | 3.335 | 01/25/23 | 255,982 | |||||||||||||
500,000 | Bank of Montreal | 2.900 | 03/26/22 | 512,894 | |||||||||||||
500,000 | Bank of Montreal | 2.050 | 11/01/22 | 513,519 | |||||||||||||
250,000 | Bank of Montreal | 0.450 | 12/08/23 | 249,179 | |||||||||||||
1,000,000 | Bank of Montreal | 4.338 | 10/05/28 | 1,082,885 | |||||||||||||
150,000 | Bank of Nova Scotia | 2.375 | 01/18/23 | 155,179 | |||||||||||||
500,000 | Bank of Nova Scotia | 1.950 | 02/01/23 | 514,001 | |||||||||||||
250,000 | Bank of Nova Scotia | 1.625 | 05/01/23 | 256,310 | |||||||||||||
500,000 | Bank of Nova Scotia | 0.550 | 09/15/23 | 500,102 | |||||||||||||
200,000 | Bank of Nova Scotia | 4.650 | N/A‡ | 200,262 | |||||||||||||
500,000 | Barclays Bank plc | 1.700 | 05/12/22 | 506,910 | |||||||||||||
850,000 | Barclays plc | 4.610 | 02/15/23 | 878,208 | |||||||||||||
500,000 | Barclays plc | 1.007 | 12/10/24 | 499,589 | |||||||||||||
250,000 | BBVA USA | 3.500 | 06/11/21 | 250,807 | |||||||||||||
400,000 | Canadian Imperial Bank of Commerce | 0.950 | 06/23/23 | 403,541 | |||||||||||||
200,000 | Canadian Imperial Bank of Commerce | 2.606 | 07/22/23 | 205,347 | |||||||||||||
750,000 | Canadian Imperial Bank of Commerce | 0.500 | 12/14/23 | 747,056 | |||||||||||||
500,000 | CitiBank NA | 2.844 | 05/20/22 | 501,586 | |||||||||||||
500,000 | Citigroup, Inc | 2.750 | 04/25/22 | 511,868 | |||||||||||||
510,000 | Citigroup, Inc | 2.700 | 10/27/22 | 526,419 | |||||||||||||
100,000 | Citigroup, Inc | 2.312 | 11/04/22 | 101,064 |
346 |
TIAA-CREF FUNDS - Short-Term Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 300,000 | Citigroup, Inc | 3.142 | % | 01/24/23 | $ | 306,228 | ||||||||||
750,000 | Citigroup, Inc | 2.876 | 07/24/23 | 772,542 | |||||||||||||
1,250,000 | Citigroup, Inc | 1.678 | 05/15/24 | 1,275,463 | |||||||||||||
750,000 | Citigroup, Inc | 0.776 | 10/30/24 | 749,490 | |||||||||||||
300,000 | Comerica, Inc | 3.700 | 07/31/23 | 320,776 | |||||||||||||
250,000 | Cooperatieve Rabobank UA | 3.950 | 11/09/22 | 263,228 | |||||||||||||
250,000 | Cooperatieve Rabobank UA | 2.750 | 01/10/23 | 260,497 | |||||||||||||
750,000 | Cooperatieve Rabobank UA | 4.625 | 12/01/23 | 821,936 | |||||||||||||
1,000,000 | Cooperatieve Rabobank UA | 0.375 | 01/12/24 | 994,789 | |||||||||||||
500,000 | Discover Bank | 3.350 | 02/06/23 | 523,107 | |||||||||||||
250,000 | Discover Bank | 4.682 | 08/09/28 | 266,650 | |||||||||||||
300,000 | Fifth Third Bancorp | 1.625 | 05/05/23 | 306,596 | |||||||||||||
1,000,000 | Fifth Third Bancorp | 3.650 | 01/25/24 | 1,077,412 | |||||||||||||
250,000 | First Horizon National Corp | 3.550 | 05/26/23 | 264,271 | |||||||||||||
250,000 | First Republic Bank | 1.912 | 02/12/24 | 255,860 | |||||||||||||
175,000 | FNB Corp | 2.200 | 02/24/23 | 178,415 | |||||||||||||
500,000 | HSBC Holdings plc | 3.262 | 03/13/23 | 512,559 | |||||||||||||
380,000 | HSBC Holdings plc | 3.033 | 11/22/23 | 395,225 | |||||||||||||
1,300,000 | HSBC Holdings plc | 3.950 | 05/18/24 | 1,387,436 | |||||||||||||
250,000 | Huntington National Bank | 3.125 | 04/01/22 | 256,314 | |||||||||||||
250,000 | Huntington National Bank | 1.800 | 02/03/23 | 255,679 | |||||||||||||
300,000 | Industrial & Commercial Bank of China Ltd | 2.957 | 11/08/22 | 309,816 | |||||||||||||
200,000 | ING Groep NV | 3.150 | 03/29/22 | 205,511 | |||||||||||||
400,000 | ING Groep NV | 4.100 | 10/02/23 | 433,046 | |||||||||||||
140,000 | JPMorgan Chase & Co | 3.250 | 09/23/22 | 146,062 | |||||||||||||
500,000 | JPMorgan Chase & Co | 3.200 | 01/25/23 | 525,205 | |||||||||||||
1,450,000 | JPMorgan Chase & Co | 3.207 | 04/01/23 | 1,489,351 | |||||||||||||
250,000 | JPMorgan Chase & Co | 2.776 | 04/25/23 | 256,014 | |||||||||||||
1,000,000 | JPMorgan Chase & Co | 0.697 | 03/16/24 | 1,003,652 | |||||||||||||
1,000,000 | JPMorgan Chase & Co | 3.559 | 04/23/24 | 1,059,803 | |||||||||||||
500,000 | JPMorgan Chase & Co | 1.514 | 06/01/24 | 510,376 | |||||||||||||
700,000 | JPMorgan Chase & Co | 3.797 | 07/23/24 | 749,222 | |||||||||||||
500,000 | JPMorgan Chase & Co | 0.653 | 09/16/24 | 500,972 | |||||||||||||
750,000 | JPMorgan Chase & Co | 4.023 | 12/05/24 | 813,691 | |||||||||||||
300,000 | JPMorgan Chase & Co | 0.563 | 02/16/25 | 297,770 | |||||||||||||
250,000 | KeyBank NA | 3.375 | 03/07/23 | 264,046 | |||||||||||||
250,000 | KeyBank NA | 1.250 | 03/10/23 | 253,874 | |||||||||||||
750,000 | KeyBank NA | 0.423 | 01/03/24 | 749,350 | |||||||||||||
700,000 | Lloyds Bank plc | 2.250 | 08/14/22 | 717,523 | |||||||||||||
200,000 | Lloyds Banking Group plc | 2.858 | 03/17/23 | 204,206 | |||||||||||||
150,000 | Lloyds Banking Group plc | 1.326 | 06/15/23 | 151,447 | |||||||||||||
300,000 | Lloyds Banking Group plc | 4.050 | 08/16/23 | 323,608 | |||||||||||||
300,000 | Lloyds Banking Group plc | 2.907 | 11/07/23 | 310,830 | |||||||||||||
1,000,000 | Lloyds Banking Group plc | 0.695 | 05/11/24 | 999,567 | |||||||||||||
700,000 | Mitsubishi UFJ Financial Group, Inc | 2.623 | 07/18/22 | 719,324 | |||||||||||||
350,000 | Mitsubishi UFJ Financial Group, Inc | 3.455 | 03/02/23 | 369,048 | |||||||||||||
500,000 | Mitsubishi UFJ Financial Group, Inc | 3.761 | 07/26/23 | 535,672 | |||||||||||||
600,000 | Mitsubishi UFJ Financial Group, Inc | 0.848 | 09/15/24 | 600,609 | |||||||||||||
250,000 | Mizuho Financial Group, Inc | 2.601 | 09/11/22 | 257,283 | |||||||||||||
200,000 | Mizuho Financial Group, Inc | 2.721 | 07/16/23 | 205,447 | |||||||||||||
750,000 | Mizuho Financial Group, Inc | 0.849 | 09/08/24 | 751,570 | |||||||||||||
250,000 | MUFG Union Bank NA | 3.150 | 04/01/22 | 256,544 | |||||||||||||
250,000 | MUFG Union Bank NA | 2.100 | 12/09/22 | 256,702 | |||||||||||||
500,000 | National Australia Bank Ltd | 1.875 | 12/13/22 | 513,086 |
347 |
TIAA-CREF FUNDS - Short-Term Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 500,000 | National Australia Bank Ltd | 3.625 | % | 06/20/23 | $ | 534,362 | ||||||||||
250,000 | National Bank of Canada | 2.100 | 02/01/23 | 256,999 | |||||||||||||
250,000 | National Bank of Canada | 0.900 | 08/15/23 | 251,142 | |||||||||||||
250,000 | National Bank of Canada | 0.550 | 11/15/24 | 249,365 | |||||||||||||
250,000 | PNC Bank NA | 2.232 | 07/22/22 | 251,444 | |||||||||||||
250,000 | PNC Bank NA | 2.028 | 12/09/22 | 252,760 | |||||||||||||
250,000 | PNC Bank NA | 1.743 | 02/24/23 | 253,094 | |||||||||||||
500,000 | PNC Bank NA | 3.500 | 06/08/23 | 531,291 | |||||||||||||
500,000 | PNC Financial Services Group, Inc | 3.500 | 01/23/24 | 539,185 | |||||||||||||
400,000 | Regions Financial Corp | 3.800 | 08/14/23 | 429,041 | |||||||||||||
100,000 | Royal Bank of Canada | 2.800 | 04/29/22 | 102,702 | |||||||||||||
250,000 | Royal Bank of Canada | 1.950 | 01/17/23 | 256,808 | |||||||||||||
200,000 | Royal Bank of Canada | 1.600 | 04/17/23 | 204,822 | |||||||||||||
500,000 | Royal Bank of Canada | 0.500 | 10/26/23 | 500,400 | |||||||||||||
750,000 | Royal Bank of Canada | 0.425 | 01/19/24 | 745,516 | |||||||||||||
300,000 | Royal Bank of Scotland Group plc | 3.498 | 05/15/23 | 309,237 | |||||||||||||
1,250,000 | Royal Bank of Scotland Group plc | 2.359 | 05/22/24 | 1,289,660 | |||||||||||||
1,000,000 | Royal Bank of Scotland Group plc | 4.519 | 06/25/24 | 1,079,461 | |||||||||||||
200,000 | Santander Holdings USA, Inc | 3.400 | 01/18/23 | 208,811 | |||||||||||||
150,000 | Santander Holdings USA, Inc | 3.244 | 10/05/26 | 158,593 | |||||||||||||
450,000 | Santander UK Group Holdings plc | 4.796 | 11/15/24 | 495,240 | |||||||||||||
1,000,000 | Santander UK Group Holdings plc | 1.089 | 03/15/25 | 1,000,810 | |||||||||||||
800,000 | Sumitomo Mitsui Financial Group, Inc | 2.784 | 07/12/22 | 823,654 | |||||||||||||
200,000 | Sumitomo Mitsui Financial Group, Inc | 2.778 | 10/18/22 | 206,856 | |||||||||||||
502,000 | Sumitomo Mitsui Financial Group, Inc | 3.102 | 01/17/23 | 525,332 | |||||||||||||
500,000 | Sumitomo Mitsui Financial Group, Inc | 3.748 | 07/19/23 | 535,113 | |||||||||||||
1,000,000 | Sumitomo Mitsui Financial Group, Inc | 0.508 | 01/12/24 | 995,434 | |||||||||||||
250,000 | Synchrony Bank | 3.650 | 05/24/21 | 250,546 | |||||||||||||
250,000 | Synovus Bank | 2.289 | 02/10/23 | 252,121 | |||||||||||||
400,000 | Toronto-Dominion Bank | 1.900 | 12/01/22 | 410,474 | |||||||||||||
1,000,000 | Toronto-Dominion Bank | 0.250 | 01/06/23 | 998,356 | |||||||||||||
500,000 | Toronto-Dominion Bank | 0.750 | 06/12/23 | 503,631 | |||||||||||||
300,000 | Toronto-Dominion Bank | 0.450 | 09/11/23 | 299,696 | |||||||||||||
1,000,000 | Toronto-Dominion Bank | 0.550 | 03/04/24 | 998,667 | |||||||||||||
250,000 | Truist Bank | 2.800 | 05/17/22 | 256,486 | |||||||||||||
200,000 | e | Truist Bank | 3.502 | 08/02/22 | 202,020 | ||||||||||||
550,000 | Truist Bank | 1.250 | 03/09/23 | 559,755 | |||||||||||||
300,000 | Truist Financial Corp | 2.750 | 04/01/22 | 306,789 | |||||||||||||
200,000 | Truist Financial Corp | 3.050 | 06/20/22 | 206,220 | |||||||||||||
250,000 | Truist Financial Corp | 2.200 | 03/16/23 | 258,332 | |||||||||||||
750,000 | Truist Financial Corp | 3.750 | 12/06/23 | 812,190 | |||||||||||||
800,000 | US Bancorp | 2.950 | 07/15/22 | 826,055 | |||||||||||||
500,000 | US Bank NA | 3.400 | 07/24/23 | 533,902 | |||||||||||||
500,000 | Wells Fargo & Co | 3.450 | 02/13/23 | 526,699 | |||||||||||||
900,000 | Wells Fargo & Co | 4.125 | 08/15/23 | 973,643 | |||||||||||||
1,250,000 | Wells Fargo & Co | 4.480 | 01/16/24 | 1,375,410 | |||||||||||||
400,000 | Wells Fargo & Co | 1.654 | 06/02/24 | 408,618 | |||||||||||||
350,000 | Wells Fargo Bank NA | 2.897 | 05/27/22 | 351,323 | |||||||||||||
500,000 | Wells Fargo Bank NA | 2.082 | 09/09/22 | 503,812 | |||||||||||||
550,000 | Westpac Banking Corp | 2.500 | 06/28/22 | 564,815 | |||||||||||||
400,000 | Westpac Banking Corp | 2.000 | 01/13/23 | 411,740 | |||||||||||||
TOTAL BANKS | 71,332,026 |
348 |
TIAA-CREF FUNDS - Short-Term Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
CAPITAL GOODS - 1.5% | |||||||||||||||||
$ | 500,000 | 3M Co | 1.750 | % | 02/14/23 | $ | 512,653 | ||||||||||
350,000 | Air Lease Corp | 2.250 | 01/15/23 | 359,191 | |||||||||||||
300,000 | Air Lease Corp | 3.875 | 07/03/23 | 318,969 | |||||||||||||
750,000 | Air Lease Corp | 0.700 | 02/15/24 | 740,824 | |||||||||||||
200,000 | Boeing Co | 2.700 | 05/01/22 | 204,247 | |||||||||||||
800,000 | Boeing Co | 4.508 | 05/01/23 | 856,307 | |||||||||||||
500,000 | Boeing Co | 1.950 | 02/01/24 | 512,290 | |||||||||||||
1,250,000 | Boeing Co | 1.433 | 02/04/24 | 1,265,871 | |||||||||||||
750,000 | Caterpillar Financial Services Corp | 1.900 | 09/06/22 | 767,776 | |||||||||||||
1,000,000 | Caterpillar Financial Services Corp | 0.250 | 03/01/23 | 999,326 | |||||||||||||
750,000 | Caterpillar Financial Services Corp | 0.650 | 07/07/23 | 753,712 | |||||||||||||
300,000 | Caterpillar Financial Services Corp | 0.450 | 09/14/23 | 300,104 | |||||||||||||
200,000 | CNH Industrial Capital LLC | 3.875 | 10/15/21 | 203,387 | |||||||||||||
100,000 | CNH Industrial Capital LLC | 1.950 | 07/02/23 | 102,687 | |||||||||||||
200,000 | CNH Industrial NV | 4.500 | 08/15/23 | 216,733 | |||||||||||||
250,000 | Eaton Corp | 2.750 | 11/02/22 | 259,379 | |||||||||||||
460,000 | General Dynamics Corp | 3.375 | 05/15/23 | 487,761 | |||||||||||||
550,000 | General Electric Co | 2.700 | 10/09/22 | 568,729 | |||||||||||||
750,000 | Honeywell International, Inc | 0.483 | 08/19/22 | 750,568 | |||||||||||||
250,000 | John Deere Capital Corp | 2.950 | 04/01/22 | 256,828 | |||||||||||||
100,000 | John Deere Capital Corp | 1.950 | 06/13/22 | 101,983 | |||||||||||||
250,000 | John Deere Capital Corp | 0.550 | 07/05/22 | 250,899 | |||||||||||||
250,000 | John Deere Capital Corp | 2.700 | 01/06/23 | 260,373 | |||||||||||||
525,000 | John Deere Capital Corp | 1.200 | 04/06/23 | 533,322 | |||||||||||||
250,000 | John Deere Capital Corp | 0.700 | 07/05/23 | 251,935 | |||||||||||||
500,000 | John Deere Capital Corp | 0.400 | 10/10/23 | 500,712 | |||||||||||||
1,000,000 | John Deere Capital Corp | 0.450 | 01/17/24 | 999,567 | |||||||||||||
500,000 | L3Harris Technologies, Inc | 3.850 | 06/15/23 | 533,435 | |||||||||||||
250,000 | Lockheed Martin Corp | 3.100 | 01/15/23 | 261,258 | |||||||||||||
200,000 | Raytheon Technologies Corp | 2.800 | 03/15/22 | 204,238 | |||||||||||||
160,000 | Raytheon Technologies Corp | 2.500 | 12/15/22 | 164,567 | |||||||||||||
500,000 | Roper Technologies, Inc | 0.450 | 08/15/22 | 499,790 | |||||||||||||
500,000 | Teledyne Technologies, Inc | 0.650 | 04/01/23 | 499,765 | |||||||||||||
500,000 | Teledyne Technologies, Inc | 0.950 | 04/01/24 | 497,960 | |||||||||||||
TOTAL CAPITAL GOODS | 15,997,146 | ||||||||||||||||
COMMERCIAL & PROFESSIONAL SERVICES - 0.1% | |||||||||||||||||
100,000 | Equifax, Inc | 3.600 | 08/15/21 | 101,154 | |||||||||||||
100,000 | g | Leidos, Inc | 2.950 | 05/15/23 | 104,543 | ||||||||||||
200,000 | RELX Capital, Inc | 3.500 | 03/16/23 | 210,658 | |||||||||||||
164,000 | Republic Services, Inc | 4.750 | 05/15/23 | 177,085 | |||||||||||||
500,000 | Svensk Exportkredit AB | 0.375 | 03/11/24 | 498,340 | |||||||||||||
TOTAL COMMERCIAL & PROFESSIONAL SERVICES | 1,091,780 | ||||||||||||||||
CONSUMER DURABLES & APPAREL - 0.1% | |||||||||||||||||
300,000 | DR Horton, Inc | 4.375 | 09/15/22 | 313,281 | |||||||||||||
500,000 | Lennar Corp | 4.875 | 12/15/23 | 546,165 | |||||||||||||
200,000 | Ralph Lauren Corp | 1.700 | 06/15/22 | 203,172 | |||||||||||||
125,000 | VF Corp | 2.050 | 04/23/22 | 127,048 | |||||||||||||
TOTAL CONSUMER DURABLES & APPAREL | 1,189,666 |
349 |
TIAA-CREF FUNDS - Short-Term Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
CONSUMER SERVICES - 0.2% | |||||||||||||||||
$ | 250,000 | Marriott International, Inc | 3.125 | % | 10/15/21 | $ | 251,471 | ||||||||||
300,000 | McDonald’s Corp | 3.350 | 04/01/23 | 316,045 | |||||||||||||
500,000 | Sands China Ltd | 4.600 | 08/08/23 | 534,695 | |||||||||||||
600,000 | Starbucks Corp | 1.300 | 05/07/22 | 606,150 | |||||||||||||
200,000 | Starbucks Corp | 3.100 | 03/01/23 | 209,754 | |||||||||||||
TOTAL CONSUMER SERVICES | 1,918,115 | ||||||||||||||||
DIVERSIFIED FINANCIALS - 4.0% | |||||||||||||||||
300,000 | AerCap Ireland Capital DAC | 3.950 | 02/01/22 | 306,945 | |||||||||||||
250,000 | AerCap Ireland Capital DAC | 4.500 | 09/15/23 | 268,902 | |||||||||||||
500,000 | AerCap Ireland Capital DAC | 3.150 | 02/15/24 | 520,972 | |||||||||||||
300,000 | Ally Financial, Inc | 4.125 | 02/13/22 | 309,137 | |||||||||||||
200,000 | Ally Financial, Inc | 3.050 | 06/05/23 | 209,125 | |||||||||||||
800,000 | Ally Financial, Inc | 1.450 | 10/02/23 | 812,111 | |||||||||||||
300,000 | American Express Co | 3.375 | 05/17/21 | 300,276 | |||||||||||||
200,000 | American Express Co | 3.700 | 11/05/21 | 203,445 | |||||||||||||
190,000 | American Express Co | 2.650 | 12/02/22 | 197,082 | |||||||||||||
800,000 | American Express Co | 3.400 | 02/27/23 | 842,012 | |||||||||||||
500,000 | American Express Co | 3.700 | 08/03/23 | 535,167 | |||||||||||||
250,000 | American Honda Finance Corp | 1.950 | 05/20/22 | 254,621 | |||||||||||||
500,000 | American Honda Finance Corp | 0.400 | 10/21/22 | 500,158 | |||||||||||||
250,000 | American Honda Finance Corp | 2.005 | 01/10/23 | 257,006 | |||||||||||||
200,000 | American Honda Finance Corp | 1.950 | 05/10/23 | 205,842 | |||||||||||||
750,000 | American Honda Finance Corp | 0.875 | 07/07/23 | 755,235 | |||||||||||||
300,000 | American Honda Finance Corp | 0.650 | 09/08/23 | 300,592 | |||||||||||||
750,000 | American Honda Finance Corp | 0.550 | 07/12/24 | 744,579 | |||||||||||||
100,000 | Ameriprise Financial, Inc | 3.000 | 03/22/22 | 102,606 | |||||||||||||
300,000 | Ares Capital Corp | 3.500 | 02/10/23 | 312,810 | |||||||||||||
100,000 | Bank of New York Mellon Corp | 1.950 | 08/23/22 | 102,272 | |||||||||||||
250,000 | Bank of New York Mellon Corp | 1.850 | 01/27/23 | 257,210 | |||||||||||||
500,000 | Bank of New York Mellon Corp | 2.661 | 05/16/23 | 512,998 | |||||||||||||
750,000 | Bank of New York Mellon Corp | 0.350 | 12/07/23 | 749,304 | |||||||||||||
800,000 | Berkshire Hathaway, Inc | 2.750 | 03/15/23 | 835,875 | |||||||||||||
200,000 | BlackRock, Inc | 3.375 | 06/01/22 | 207,187 | |||||||||||||
330,000 | Capital One Bank USA NA | 3.375 | 02/15/23 | 346,629 | |||||||||||||
1,000,000 | Capital One Financial Corp | 2.600 | 05/11/23 | 1,039,993 | |||||||||||||
100,000 | Celanese US Holdings LLC | 4.625 | 11/15/22 | 105,968 | |||||||||||||
350,000 | Charles Schwab Corp | 2.650 | 01/25/23 | 363,848 | |||||||||||||
1,000,000 | Charles Schwab Corp | 0.750 | 03/18/24 | 1,005,384 | |||||||||||||
250,000 | Credit Suisse AG. | 2.800 | 04/08/22 | 255,253 | |||||||||||||
1,000,000 | Credit Suisse AG. | 1.000 | 05/05/23 | 1,005,449 | |||||||||||||
750,000 | Credit Suisse AG. | 0.495 | 02/02/24 | 741,538 | |||||||||||||
250,000 | Credit Suisse Group Funding Guernsey Ltd | 3.450 | 04/16/21 | 250,232 | |||||||||||||
150,000 | Deutsche Bank AG. | 5.000 | 02/14/22 | 155,281 | |||||||||||||
350,000 | Deutsche Bank AG. | 3.300 | 11/16/22 | 363,477 | |||||||||||||
250,000 | Deutsche Bank AG. | 3.950 | 02/27/23 | 264,039 | |||||||||||||
300,000 | Deutsche Bank AG. | 2.222 | 09/18/24 | 307,940 | |||||||||||||
1,000,000 | Deutsche Bank AG. | 1.447 | 04/01/25 | 999,652 | |||||||||||||
200,000 | Diageo Investment Corp | 2.875 | 05/11/22 | 205,847 | |||||||||||||
140,000 | Discover Financial Services | 3.850 | 11/21/22 | 147,104 | |||||||||||||
400,000 | General Motors Financial Co, Inc | 3.550 | 04/09/21 | 400,141 |
350 |
TIAA-CREF FUNDS - Short-Term Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 250,000 | General Motors Financial Co, Inc | 4.200 | % | 11/06/21 | $ | 255,397 | ||||||||||
650,000 | General Motors Financial Co, Inc | 3.550 | 07/08/22 | 673,325 | |||||||||||||
300,000 | General Motors Financial Co, Inc | 3.250 | 01/05/23 | 312,507 | |||||||||||||
900,000 | General Motors Financial Co, Inc | 5.200 | 03/20/23 | 976,041 | |||||||||||||
1,000,000 | General Motors Financial Co, Inc | 1.700 | 08/18/23 | 1,018,431 | |||||||||||||
250,000 | Goldman Sachs Group, Inc | 3.000 | 04/26/22 | 250,391 | |||||||||||||
1,000,000 | Goldman Sachs Group, Inc | 0.481 | 01/27/23 | 998,629 | |||||||||||||
1,709,000 | Goldman Sachs Group, Inc | 3.200 | 02/23/23 | 1,788,364 | |||||||||||||
750,000 | Goldman Sachs Group, Inc | 0.523 | 03/08/23 | 750,050 | |||||||||||||
500,000 | Goldman Sachs Group, Inc | 0.627 | 11/17/23 | 500,090 | |||||||||||||
750,000 | Goldman Sachs Group, Inc | 0.673 | 03/08/24 | 749,411 | |||||||||||||
500,000 | Intercontinental Exchange, Inc | 0.700 | 06/15/23 | 500,496 | |||||||||||||
300,000 | International Lease Finance Corp | 5.875 | 08/15/22 | 320,803 | |||||||||||||
750,000 | J Paul Getty Trust | 0.391 | 01/01/24 | 745,131 | |||||||||||||
250,000 | Jefferies Group LLC | 5.125 | 01/20/23 | 269,605 | |||||||||||||
250,000 | Moody’s Corp | 2.625 | 01/15/23 | 259,146 | |||||||||||||
500,000 | Morgan Stanley | 2.750 | 05/19/22 | 513,527 | |||||||||||||
1,480,000 | Morgan Stanley | 3.125 | 01/23/23 | 1,549,633 | |||||||||||||
1,000,000 | Morgan Stanley | 0.560 | 11/10/23 | 1,000,322 | |||||||||||||
1,000,000 | Morgan Stanley | 0.529 | 01/25/24 | 998,177 | |||||||||||||
1,000,000 | Morgan Stanley | 3.737 | 04/24/24 | 1,063,115 | |||||||||||||
200,000 | National Rural Utilities Cooperative Finance Corp | 2.400 | 04/25/22 | 203,861 | |||||||||||||
1,000,000 | National Rural Utilities Cooperative Finance Corp | 0.350 | 02/08/24 | 993,737 | |||||||||||||
200,000 | Northern Trust Corp | 2.375 | 08/02/22 | 205,487 | |||||||||||||
300,000 | Oesterreichische Kontrollbank AG. | 1.625 | 09/17/22 | 306,106 | |||||||||||||
1,300,000 | Oesterreichische Kontrollbank AG. | 2.875 | 03/13/23 | 1,366,001 | |||||||||||||
100,000 | PACCAR Financial Corp | 2.650 | 05/10/22 | 102,601 | |||||||||||||
200,000 | PACCAR Financial Corp | 2.000 | 09/26/22 | 204,810 | |||||||||||||
300,000 | PACCAR Financial Corp | 0.800 | 06/08/23 | 302,832 | |||||||||||||
1,000,000 | PACCAR Financial Corp | 0.350 | 02/02/24 | 995,515 | |||||||||||||
400,000 | Shire Acquisitions Investments Ireland DAC | 2.875 | 09/23/23 | 420,304 | |||||||||||||
300,000 | State Street Corp | 2.653 | 05/15/23 | 307,696 | |||||||||||||
100,000 | Synchrony Financial | 2.850 | 07/25/22 | 102,690 | |||||||||||||
750,000 | Toyota Motor Credit Corp | 0.450 | 07/22/22 | 751,460 | |||||||||||||
500,000 | Toyota Motor Credit Corp | 0.350 | 10/14/22 | 500,168 | |||||||||||||
500,000 | Toyota Motor Credit Corp | 2.900 | 03/30/23 | 524,562 | |||||||||||||
500,000 | Toyota Motor Credit Corp | 0.500 | 08/14/23 | 500,224 | |||||||||||||
500,000 | Toyota Motor Credit Corp | 1.350 | 08/25/23 | 510,365 | |||||||||||||
1,000,000 | Toyota Motor Credit Corp | 0.450 | 01/11/24 | 997,260 | |||||||||||||
200,000 | Unilever Capital Corp | 3.125 | 03/22/23 | 210,899 | |||||||||||||
300,000 | Unilever Capital Corp | 0.375 | 09/14/23 | 300,913 | |||||||||||||
TOTAL DIVERSIFIED FINANCIALS | 43,861,326 | ||||||||||||||||
ENERGY - 1.8% | |||||||||||||||||
180,000 | Baker Hughes a GE Co LLC | 2.773 | 12/15/22 | 186,678 | |||||||||||||
610,000 | BP Capital Markets America, Inc | 3.245 | 05/06/22 | 629,406 | |||||||||||||
700,000 | BP Capital Markets America, Inc | 2.937 | 04/06/23 | 735,245 | |||||||||||||
500,000 | BP Capital Markets America, Inc | 2.750 | 05/10/23 | 523,934 | |||||||||||||
250,000 | Canadian Natural Resources Ltd | 2.950 | 01/15/23 | 259,456 | |||||||||||||
160,000 | Chevron Corp | 2.355 | 12/05/22 | 164,667 | |||||||||||||
800,000 | Chevron Corp | 1.141 | 05/11/23 | 813,887 | |||||||||||||
500,000 | Diamondback Energy, Inc | 0.900 | 03/24/23 | 500,320 | |||||||||||||
750,000 | Ecopetrol S.A. | 5.875 | 09/18/23 | 828,375 |
351 |
TIAA-CREF FUNDS - Short-Term Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 200,000 | Enbridge, Inc | 2.900 | % | 07/15/22 | $ | 205,668 | ||||||||||
600,000 | Energy Transfer Operating LP | 5.200 | 02/01/22 | 615,567 | |||||||||||||
800,000 | Energy Transfer Operating LP | 4.250 | 03/15/23 | 844,283 | |||||||||||||
200,000 | Energy Transfer Operating LP | 4.200 | 09/15/23 | 214,175 | |||||||||||||
500,000 | Energy Transfer Operating LP | 5.875 | 01/15/24 | 556,587 | |||||||||||||
300,000 | Enterprise Products Operating LLC | 3.350 | 03/15/23 | 314,487 | |||||||||||||
300,000 | EOG Resources, Inc | 2.625 | 03/15/23 | 311,425 | |||||||||||||
400,000 | Equinor ASA | 2.450 | 01/17/23 | 414,927 | |||||||||||||
375,000 | Exxon Mobil Corp | 1.902 | 08/16/22 | 383,361 | |||||||||||||
600,000 | Exxon Mobil Corp | 1.571 | 04/15/23 | 614,706 | |||||||||||||
200,000 | Halliburton Co | 3.500 | 08/01/23 | 211,881 | |||||||||||||
200,000 | HollyFrontier Corp | 2.625 | 10/01/23 | 206,079 | |||||||||||||
450,000 | Kinder Morgan Energy Partners LP | 3.950 | 09/01/22 | 468,059 | |||||||||||||
400,000 | Kinder Morgan, Inc | 3.150 | 01/15/23 | 417,656 | |||||||||||||
51,000 | Marathon Oil Corp | 2.800 | 11/01/22 | 52,311 | |||||||||||||
700,000 | Marathon Petroleum Corp | 4.500 | 05/01/23 | 750,775 | |||||||||||||
300,000 | MPLX LP | 3.375 | 03/15/23 | 314,281 | |||||||||||||
250,000 | Phillips 66 | 4.300 | 04/01/22 | 259,439 | |||||||||||||
200,000 | Phillips 66 | 3.700 | 04/06/23 | 211,912 | |||||||||||||
325,000 | Phillips 66 | 0.900 | 02/15/24 | 325,084 | |||||||||||||
1,000,000 | Pioneer Natural Resources Co | 0.750 | 01/15/24 | 996,472 | |||||||||||||
200,000 | Plains All American Pipeline LP | 3.650 | 06/01/22 | 204,768 | |||||||||||||
300,000 | Plains All American Pipeline LP | 3.850 | 10/15/23 | 317,367 | |||||||||||||
500,000 | Sabine Pass Liquefaction LLC | 5.625 | 04/15/23 | 542,216 | |||||||||||||
400,000 | Schlumberger Investment S.A. | 3.650 | 12/01/23 | 429,385 | |||||||||||||
300,000 | Shell International Finance BV | 2.250 | 01/06/23 | 310,133 | |||||||||||||
500,000 | Shell International Finance BV | 0.375 | 09/15/23 | 500,585 | |||||||||||||
300,000 | Suncor Energy, Inc | 2.800 | 05/15/23 | 313,375 | |||||||||||||
300,000 | Total Capital Canada Ltd | 2.750 | 07/15/23 | 315,963 | |||||||||||||
500,000 | Total Capital International S.A. | 3.700 | 01/15/24 | 543,700 | |||||||||||||
200,000 | TransCanada PipeLines Ltd | 2.500 | 08/01/22 | 205,637 | |||||||||||||
250,000 | TransCanada PipeLines Ltd | 3.750 | 10/16/23 | 266,618 | |||||||||||||
200,000 | Valero Energy Corp | 2.700 | 04/15/23 | 207,620 | |||||||||||||
300,000 | Valero Energy Corp | 1.200 | 03/15/24 | 300,904 | |||||||||||||
200,000 | Williams Cos, Inc | 3.700 | 01/15/23 | 209,137 | |||||||||||||
500,000 | Williams Partners LP | 3.600 | 03/15/22 | 512,062 | |||||||||||||
300,000 | Williams Partners LP | 4.500 | 11/15/23 | 326,696 | |||||||||||||
TOTAL ENERGY | 18,837,269 | ||||||||||||||||
FOOD & STAPLES RETAILING - 0.1% | |||||||||||||||||
300,000 | Kroger Co | 2.800 | 08/01/22 | 308,550 | |||||||||||||
200,000 | SYSCO Corp | 2.600 | 06/12/22 | 204,997 | |||||||||||||
200,000 | Walgreen Co | 3.100 | 09/15/22 | 207,303 | |||||||||||||
200,000 | Walgreens Boots Alliance, Inc | 3.300 | 11/18/21 | 202,270 | |||||||||||||
260,000 | Walmart, Inc | 2.350 | 12/15/22 | 269,059 | |||||||||||||
300,000 | Walmart, Inc | 3.400 | 06/26/23 | 319,985 | |||||||||||||
TOTAL FOOD & STAPLES RETAILING | 1,512,164 | ||||||||||||||||
FOOD, BEVERAGE & TOBACCO - 0.9% | |||||||||||||||||
200,000 | Altria Group, Inc | 4.750 | 05/05/21 | 200,729 | |||||||||||||
500,000 | Campbell Soup Co | 3.650 | 03/15/23 | 529,455 | |||||||||||||
131,000 | ConAgra Brands, Inc | 3.200 | 01/25/23 | 136,010 | |||||||||||||
500,000 | Constellation Brands, Inc | 2.700 | 05/09/22 | 510,865 | |||||||||||||
200,000 | Constellation Brands, Inc | 2.650 | 11/07/22 | 206,263 | |||||||||||||
100,000 | Constellation Brands, Inc | 3.200 | 02/15/23 | 104,638 |
352 |
TIAA-CREF FUNDS - Short-Term Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 300,000 | Diageo Capital plc | 2.625 | % | 04/29/23 | $ | 312,538 | ||||||||||
100,000 | General Mills, Inc | 3.200 | 04/16/21 | 100,087 | |||||||||||||
200,000 | General Mills, Inc | 2.600 | 10/12/22 | 206,408 | |||||||||||||
250,000 | General Mills, Inc | 3.700 | 10/17/23 | 268,068 | |||||||||||||
200,000 | JM Smucker Co | 3.000 | 03/15/22 | 205,023 | |||||||||||||
400,000 | Kellogg Co | 2.650 | 12/01/23 | 420,203 | |||||||||||||
151,000 | �� | Keurig Dr Pepper, Inc | 4.057 | 05/25/23 | 162,007 | ||||||||||||
400,000 | Keurig Dr Pepper, Inc | 3.130 | 12/15/23 | 424,457 | |||||||||||||
1,000,000 | Keurig Dr Pepper, Inc | 0.750 | 03/15/24 | 1,000,320 | |||||||||||||
110,000 | McCormick & Co, Inc | 2.700 | 08/15/22 | 113,189 | |||||||||||||
250,000 | Molson Coors Brewing Co | 3.500 | 05/01/22 | 257,954 | |||||||||||||
750,000 | Mondelez International, Inc | 0.625 | 07/01/22 | 752,171 | |||||||||||||
300,000 | PepsiCo, Inc | 3.100 | 07/17/22 | 309,607 | |||||||||||||
400,000 | PepsiCo, Inc | 2.750 | 03/01/23 | 417,842 | |||||||||||||
750,000 | PepsiCo, Inc | 0.750 | 05/01/23 | 757,217 | |||||||||||||
500,000 | PepsiCo, Inc | 0.400 | 10/07/23 | 501,689 | |||||||||||||
250,000 | Philip Morris International, Inc | 2.375 | 08/17/22 | 256,730 | |||||||||||||
750,000 | Philip Morris International, Inc | 1.125 | 05/01/23 | 760,955 | |||||||||||||
200,000 | Philip Morris International, Inc | 2.125 | 05/10/23 | 206,244 | |||||||||||||
200,000 | Reynolds American, Inc | 4.850 | 09/15/23 | 219,617 | |||||||||||||
300,000 | Tyson Foods, Inc | 4.500 | 06/15/22 | 311,515 | |||||||||||||
TOTAL FOOD, BEVERAGE & TOBACCO | 9,651,801 | ||||||||||||||||
HEALTH CARE EQUIPMENT & SERVICES - 0.7% | |||||||||||||||||
500,000 | Abbott Laboratories | 3.400 | 11/30/23 | 535,778 | |||||||||||||
1,000,000 | AmerisourceBergen Corp | 0.737 | 03/15/23 | 1,000,857 | |||||||||||||
800,000 | Anthem, Inc | 2.950 | 12/01/22 | 831,058 | |||||||||||||
500,000 | Anthem, Inc | 0.450 | 03/15/23 | 500,534 | |||||||||||||
256,000 | Becton Dickinson & Co | 2.894 | 06/06/22 | 262,634 | |||||||||||||
250,000 | Cardinal Health, Inc | 2.616 | 06/15/22 | 255,867 | |||||||||||||
516,000 | Cigna Corp | 3.750 | 07/15/23 | 551,835 | |||||||||||||
200,000 | Cigna Corp | 0.613 | 03/15/24 | 199,153 | |||||||||||||
670,000 | CVS Health Corp | 3.500 | 07/20/22 | 693,661 | |||||||||||||
731,000 | CVS Health Corp | 3.700 | 03/09/23 | 775,786 | |||||||||||||
300,000 | HCA, Inc | 4.750 | 05/01/23 | 323,353 | |||||||||||||
300,000 | Humana, Inc | 2.900 | 12/15/22 | 310,890 | |||||||||||||
200,000 | Laboratory Corp of America Holdings | 3.750 | 08/23/22 | 207,204 | |||||||||||||
750,000 | Stryker Corp | 0.600 | 12/01/23 | 750,462 | |||||||||||||
100,000 | UnitedHealth Group, Inc | 2.375 | 10/15/22 | 103,149 | |||||||||||||
300,000 | UnitedHealth Group, Inc | 2.875 | 03/15/23 | 314,102 | |||||||||||||
300,000 | UnitedHealth Group, Inc | 3.500 | 06/15/23 | 320,083 | |||||||||||||
150,000 | Zimmer Biomet Holdings, Inc | 3.150 | 04/01/22 | 153,212 | |||||||||||||
TOTAL HEALTH CARE EQUIPMENT & SERVICES | 8,089,618 | ||||||||||||||||
HOUSEHOLD & PERSONAL PRODUCTS - 0.1% | |||||||||||||||||
750,000 | Colgate-Palmolive Co | 1.950 | 02/01/23 | 772,466 | |||||||||||||
200,000 | Procter & Gamble Co | 2.150 | 08/11/22 | 204,862 | |||||||||||||
TOTAL HOUSEHOLD & PERSONAL PRODUCTS | 977,328 | ||||||||||||||||
INSURANCE - 0.3% | |||||||||||||||||
150,000 | Aetna, Inc | 2.750 | 11/15/22 | 154,517 | |||||||||||||
500,000 | Aetna, Inc | 2.800 | 06/15/23 | 521,554 | |||||||||||||
200,000 | Allstate Corp | 5.750 | 08/15/53 | 211,500 | |||||||||||||
300,000 | American International Group, Inc | 4.875 | 06/01/22 | 315,041 |
353 |
TIAA-CREF FUNDS - Short-Term Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 200,000 | Aon Corp | 2.200 | % | 11/15/22 | $ | 205,343 | ||||||||||
250,000 | Berkshire Hathaway Finance Corp | 3.000 | 05/15/22 | 257,854 | |||||||||||||
500,000 | Chubb INA Holdings, Inc | 2.875 | 11/03/22 | 517,154 | |||||||||||||
300,000 | Prudential Financial, Inc | 5.875 | 09/15/42 | 316,794 | |||||||||||||
500,000 | Prudential Financial, Inc | 5.625 | 06/15/43 | 535,821 | |||||||||||||
TOTAL INSURANCE | 3,035,578 | ||||||||||||||||
MATERIALS - 0.2% | |||||||||||||||||
325,000 | g | Berry Global, Inc | 0.950 | 02/15/24 | 323,469 | ||||||||||||
200,000 | Domtar Corp | 4.400 | 04/01/22 | 205,444 | |||||||||||||
900,000 | DowDuPont, Inc | 4.205 | 11/15/23 | 977,666 | |||||||||||||
100,000 | Eastman Chemical Co | 3.500 | 12/01/21 | 102,035 | |||||||||||||
200,000 | Ecolab, Inc | 2.375 | 08/10/22 | 205,115 | |||||||||||||
120,000 | Mosaic Co | 3.250 | 11/15/22 | 124,657 | |||||||||||||
300,000 | Mosaic Co | 4.250 | 11/15/23 | 324,009 | |||||||||||||
300,000 | Nucor Corp | 4.125 | 09/15/22 | 312,679 | |||||||||||||
300,000 | Nutrien Ltd | 1.900 | 05/13/23 | 307,676 | |||||||||||||
200,000 | Praxair, Inc | 2.200 | 08/15/22 | 204,049 | |||||||||||||
15,000 | Sherwin-Williams Co | 2.750 | 06/01/22 | 15,336 | |||||||||||||
TOTAL MATERIALS | 3,102,135 | ||||||||||||||||
MEDIA & ENTERTAINMENT - 0.5% | |||||||||||||||||
250,000 | g | Blackstone | 3.650 | 07/14/23 | 260,667 | ||||||||||||
690,000 | Charter Communications Operating LLC | 4.464 | 07/23/22 | 719,638 | |||||||||||||
750,000 | Charter Communications Operating LLC | 4.500 | 02/01/24 | 820,305 | |||||||||||||
200,000 | DH Europe Finance II Sarl | 2.050 | 11/15/22 | 205,070 | |||||||||||||
158,000 | Discovery Communications LLC | 2.950 | 03/20/23 | 165,074 | |||||||||||||
750,000 | Fox Corp | 4.030 | 01/25/24 | 814,668 | |||||||||||||
100,000 | Interpublic Group of Cos, Inc | 3.750 | 10/01/21 | 101,671 | |||||||||||||
300,000 | Omnicom Group, Inc | 3.625 | 05/01/22 | 310,331 | |||||||||||||
200,000 | Time Warner Entertainment Co LP | 8.375 | 03/15/23 | 229,275 | |||||||||||||
500,000 | Walt Disney Co | 3.000 | 09/15/22 | 519,130 | |||||||||||||
200,000 | WPP Finance 2010 | 3.625 | 09/07/22 | 208,530 | |||||||||||||
TOTAL MEDIA & ENTERTAINMENT | 4,354,359 | ||||||||||||||||
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 1.2% | |||||||||||||||||
750,000 | AbbVie, Inc | 2.150 | 11/19/21 | 758,444 | |||||||||||||
300,000 | AbbVie, Inc | 3.450 | 03/15/22 | 306,913 | |||||||||||||
300,000 | AbbVie, Inc | 3.250 | 10/01/22 | 310,298 | |||||||||||||
750,000 | AbbVie, Inc | 2.300 | 11/21/22 | 771,747 | |||||||||||||
500,000 | AbbVie, Inc | 2.850 | 05/14/23 | 521,540 | |||||||||||||
300,000 | AbbVie, Inc | 3.750 | 11/14/23 | 323,121 | |||||||||||||
300,000 | Agilent Technologies, Inc | 3.875 | 07/15/23 | 319,726 | |||||||||||||
300,000 | Amgen, Inc | 2.650 | 05/11/22 | 306,989 | |||||||||||||
300,000 | Amgen, Inc | 2.250 | 08/19/23 | 311,059 | |||||||||||||
600,000 | AstraZeneca plc | 2.375 | 06/12/22 | 613,195 | |||||||||||||
200,000 | AstraZeneca plc | 3.500 | 08/17/23 | 213,114 | |||||||||||||
150,000 | Biogen, Inc | 3.625 | 09/15/22 | 156,776 | |||||||||||||
500,000 | Bristol-Myers Squibb Co | 2.600 | 05/16/22 | 512,840 | |||||||||||||
818,000 | Bristol-Myers Squibb Co | 3.250 | 02/20/23 | 858,348 | |||||||||||||
1,000,000 | Bristol-Myers Squibb Co | 0.537 | 11/13/23 | 999,890 | |||||||||||||
300,000 | Gilead Sciences, Inc | 2.500 | 09/01/23 | 312,589 | |||||||||||||
275,000 | Gilead Sciences, Inc | 0.750 | 09/29/23 | 275,319 | |||||||||||||
500,000 | GlaxoSmithKline Capital plc | 2.875 | 06/01/22 | 512,985 |
354 |
TIAA-CREF FUNDS - Short-Term Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 375,000 | GlaxoSmithKline Capital plc | 0.534 | % | 10/01/23 | $ | 375,506 | ||||||||||
500,000 | GlaxoSmithKline Capital, Inc | 3.375 | 05/15/23 | 531,249 | |||||||||||||
500,000 | Illumina, Inc | 0.550 | 03/23/23 | 499,579 | |||||||||||||
28,000 | Johnson & Johnson | 2.050 | 03/01/23 | 28,798 | |||||||||||||
250,000 | Merck & Co, Inc | 2.400 | 09/15/22 | 256,146 | |||||||||||||
500,000 | Merck & Co, Inc | 2.800 | 05/18/23 | 526,330 | |||||||||||||
300,000 | Mylan NV | 3.150 | 06/15/21 | 300,947 | |||||||||||||
300,000 | Novartis Capital Corp | 2.400 | 09/21/22 | 309,620 | |||||||||||||
100,000 | Pfizer, Inc | 3.000 | 09/15/21 | 101,241 | |||||||||||||
500,000 | Pfizer, Inc | 2.800 | 03/11/22 | 512,021 | |||||||||||||
500,000 | g | Royalty Pharma plc | 0.750 | 09/02/23 | 499,503 | ||||||||||||
300,000 | Takeda Pharmaceutical Co Ltd | 4.400 | 11/26/23 | 327,893 | |||||||||||||
175,000 | g | Viatris, Inc | 1.125 | 06/22/22 | 175,950 | ||||||||||||
200,000 | Zoetis, Inc | 3.250 | 02/01/23 | 208,427 | |||||||||||||
TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 13,038,103 | ||||||||||||||||
REAL ESTATE - 0.4% | |||||||||||||||||
500,000 | American Tower Corp | 4.700 | 03/15/22 | 520,297 | |||||||||||||
300,000 | American Tower Corp | 3.500 | 01/31/23 | 315,668 | |||||||||||||
750,000 | American Tower Corp | 0.600 | 01/15/24 | 748,763 | |||||||||||||
100,000 | AvalonBay Communities, Inc | 2.950 | 09/15/22 | 102,934 | |||||||||||||
300,000 | Boston Properties LP | 3.850 | 02/01/23 | 315,220 | |||||||||||||
300,000 | Crown Castle International Corp | 3.150 | 07/15/23 | 317,739 | |||||||||||||
100,000 | Kimco Realty Corp | 3.400 | 11/01/22 | 104,152 | |||||||||||||
42,000 | Omega Healthcare Investors, Inc | 4.375 | 08/01/23 | 45,111 | |||||||||||||
200,000 | Simon Property Group LP | 2.625 | 06/15/22 | 204,110 | |||||||||||||
500,000 | Simon Property Group LP | 2.750 | 06/01/23 | 521,106 | |||||||||||||
200,000 | SL Green Operating Partnership LP | 3.250 | 10/15/22 | 206,301 | |||||||||||||
300,000 | Ventas Realty LP | 3.125 | 06/15/23 | 313,691 | |||||||||||||
TOTAL REAL ESTATE | 3,715,092 | ||||||||||||||||
RETAILING - 0.3% | |||||||||||||||||
150,000 | Amazon.com, Inc | 2.500 | 11/29/22 | 154,701 | |||||||||||||
200,000 | Amazon.com, Inc | 2.400 | 02/22/23 | 207,381 | |||||||||||||
500,000 | Amazon.com, Inc | 0.400 | 06/03/23 | 501,391 | |||||||||||||
300,000 | AutoZone, Inc | 3.125 | 07/15/23 | 315,860 | |||||||||||||
300,000 | Chevron USA, Inc | 0.333 | 08/12/22 | 300,226 | |||||||||||||
400,000 | Chevron USA, Inc | 0.426 | 08/11/23 | 400,858 | |||||||||||||
200,000 | Dollar General Corp | 3.250 | 04/15/23 | 210,447 | |||||||||||||
200,000 | Dollar Tree, Inc | 3.700 | 05/15/23 | 212,320 | |||||||||||||
306,000 | eBay, Inc | 2.750 | 01/30/23 | 318,643 | |||||||||||||
200,000 | g | Expedia Group, Inc | 3.600 | 12/15/23 | 212,870 | ||||||||||||
500,000 | Home Depot, Inc | 3.250 | 03/01/22 | 514,086 | |||||||||||||
400,000 | Lowe’s Cos, Inc | 3.750 | 04/15/21 | 400,388 | |||||||||||||
200,000 | O’Reilly Automotive, Inc | 3.800 | 09/01/22 | 207,385 | |||||||||||||
TOTAL RETAILING | 3,956,556 | ||||||||||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.2% | |||||||||||||||||
400,000 | Analog Devices, Inc | 3.125 | 12/05/23 | 425,787 | |||||||||||||
200,000 | Intel Corp | 3.100 | 07/29/22 | 207,168 | |||||||||||||
300,000 | Intel Corp | 2.700 | 12/15/22 | 312,078 | |||||||||||||
200,000 | Microchip Technology, Inc | 4.333 | 06/01/23 | 214,508 | |||||||||||||
200,000 | Micron Technology, Inc | 2.497 | 04/24/23 | 207,578 | |||||||||||||
200,000 | Texas Instruments, Inc | 1.850 | 05/15/22 | 203,466 | |||||||||||||
TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | 1,570,585 |
355 |
TIAA-CREF FUNDS - Short-Term Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
SOFTWARE & SERVICES - 1.0% | |||||||||||||||||
$ | 100,000 | Adobe, Inc | 1.700 | % | 02/01/23 | $ | 102,528 | ||||||||||
200,000 | Baidu, Inc | 3.500 | 11/28/22 | 208,598 | |||||||||||||
300,000 | Baidu, Inc | 3.875 | 09/29/23 | 320,617 | |||||||||||||
750,000 | Fidelity National Information Services, Inc | 0.375 | 03/01/23 | 747,604 | |||||||||||||
500,000 | Fidelity National Information Services, Inc | 3.500 | 04/15/23 | 526,557 | |||||||||||||
750,000 | Fidelity National Information Services, Inc | 0.600 | 03/01/24 | 745,657 | |||||||||||||
200,000 | Fiserv, Inc | 3.500 | 10/01/22 | 207,521 | |||||||||||||
250,000 | Fiserv, Inc | 3.800 | 10/01/23 | 268,768 | |||||||||||||
300,000 | Global Payments, Inc | 4.000 | 06/01/23 | 321,190 | |||||||||||||
840,000 | International Business Machines Corp | 2.850 | 05/13/22 | 863,943 | |||||||||||||
500,000 | Intuit, Inc | 0.650 | 07/15/23 | 502,323 | |||||||||||||
360,000 | Microsoft Corp | 2.650 | 11/03/22 | 372,726 | |||||||||||||
1,000,000 | Microsoft Corp | 2.375 | 05/01/23 | 1,038,004 | |||||||||||||
1,130,000 | Oracle Corp | 2.500 | 05/15/22 | 1,152,059 | |||||||||||||
120,000 | Oracle Corp | 2.500 | 10/15/22 | 123,836 | |||||||||||||
475,000 | Oracle Corp | 2.625 | 02/15/23 | 491,882 | |||||||||||||
500,000 | Oracle Corp | 3.625 | 07/15/23 | 533,320 | |||||||||||||
175,000 | PayPal Holdings, Inc | 2.200 | 09/26/22 | 179,586 | |||||||||||||
500,000 | PayPal Holdings, Inc | 1.350 | 06/01/23 | 508,841 | |||||||||||||
300,000 | salesforce.com, Inc | 3.250 | 04/11/23 | 316,910 | |||||||||||||
180,000 | Visa, Inc | 2.150 | 09/15/22 | 184,627 | |||||||||||||
300,000 | Visa, Inc | 2.800 | 12/14/22 | 311,617 | |||||||||||||
190,000 | VMware, Inc | 2.950 | 08/21/22 | 195,937 | |||||||||||||
TOTAL SOFTWARE & SERVICES | 10,224,651 | ||||||||||||||||
TECHNOLOGY HARDWARE & EQUIPMENT - 0.6% | |||||||||||||||||
700,000 | Apple, Inc | 2.150 | 02/09/22 | 711,529 | |||||||||||||
375,000 | Apple, Inc | 1.700 | 09/11/22 | 383,071 | |||||||||||||
500,000 | Apple, Inc | 2.100 | 09/12/22 | 513,329 | |||||||||||||
500,000 | Apple, Inc | 2.400 | 05/03/23 | 522,349 | |||||||||||||
1,000,000 | Apple, Inc | 0.750 | 05/11/23 | 1,010,590 | |||||||||||||
600,000 | Cisco Systems, Inc | 3.000 | 06/15/22 | 619,729 | |||||||||||||
800,000 | g | Dell International LLC | 5.450 | 06/15/23 | 874,285 | ||||||||||||
300,000 | Hewlett Packard Enterprise Co | 2.250 | 04/01/23 | 309,009 | |||||||||||||
400,000 | Hewlett Packard Enterprise Co | 4.450 | 10/02/23 | 434,629 | |||||||||||||
TOTAL TECHNOLOGY HARDWARE & EQUIPMENT | 5,378,520 | ||||||||||||||||
TELECOMMUNICATION SERVICES - 0.5% | |||||||||||||||||
200,000 | America Movil SAB de C.V. | 3.125 | 07/16/22 | 206,626 | |||||||||||||
100,000 | AT&T, Inc | 2.625 | 12/01/22 | 103,098 | |||||||||||||
750,000 | AT&T, Inc | 4.050 | 12/15/23 | 819,384 | |||||||||||||
1,000,000 | AT&T, Inc | 0.900 | 03/25/24 | 1,002,134 | |||||||||||||
500,000 | Bell Canada | 0.750 | 03/17/24 | 499,339 | |||||||||||||
500,000 | British Telecommunications plc | 4.500 | 12/04/23 | 547,046 | |||||||||||||
1,000,000 | Verizon Communications, Inc | 5.150 | 09/15/23 | 1,109,107 | |||||||||||||
1,500,000 | Verizon Communications, Inc | 0.750 | 03/22/24 | 1,501,646 | |||||||||||||
TOTAL TELECOMMUNICATION SERVICES | 5,788,380 | ||||||||||||||||
TRANSPORTATION - 0.4% | |||||||||||||||||
400,000 | Burlington Northern Santa Fe LLC | 3.050 | 09/01/22 | 412,530 | |||||||||||||
300,000 | Burlington Northern Santa Fe LLC | 3.850 | 09/01/23 | 322,028 | |||||||||||||
750,000 | FedEx Corp | 4.000 | 01/15/24 | 815,236 |
356 |
TIAA-CREF FUNDS - Short-Term Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 150,000 | Norfolk Southern Corp | 3.000 | % | 04/01/22 | $ | 152,953 | ||||||||||
200,000 | Ryder System, Inc | 2.875 | 06/01/22 | 204,977 | |||||||||||||
300,000 | Ryder System, Inc | 3.750 | 06/09/23 | 319,732 | |||||||||||||
450,000 | Southwest Airlines Co | 4.750 | 05/04/23 | 485,863 | |||||||||||||
200,000 | Union Pacific Corp | 2.950 | 03/01/22 | 204,825 | |||||||||||||
200,000 | Union Pacific Corp | 3.500 | 06/08/23 | 212,330 | |||||||||||||
250,000 | United Parcel Service, Inc | 2.450 | 10/01/22 | 257,762 | |||||||||||||
300,000 | United Parcel Service, Inc | 2.500 | 04/01/23 | 312,625 | |||||||||||||
TOTAL TRANSPORTATION | 3,700,861 | ||||||||||||||||
UTILITIES - 1.6% | |||||||||||||||||
750,000 | American Electric Power Co, Inc | 0.750 | 11/01/23 | 749,837 | |||||||||||||
1,000,000 | Atmos Energy Corp | 0.625 | 03/09/23 | 1,000,378 | |||||||||||||
200,000 | Baltimore Gas & Electric Co | 3.350 | 07/01/23 | 211,366 | |||||||||||||
350,000 | Berkshire Hathaway Energy Co | 2.800 | 01/15/23 | 363,911 | |||||||||||||
500,000 | CenterPoint Energy Resources Corp | 0.700 | 03/02/23 | 499,843 | |||||||||||||
250,000 | CenterPoint Energy, Inc | 2.500 | 09/01/22 | 256,734 | |||||||||||||
500,000 | Consolidated Edison, Inc | 0.650 | 12/01/23 | 499,129 | |||||||||||||
475,000 | Consumers Energy Co | 0.350 | 06/01/23 | 474,215 | |||||||||||||
200,000 | DTE Energy Co | 2.600 | 06/15/22 | 204,725 | |||||||||||||
750,000 | DTE Energy Co | 0.550 | 11/01/22 | 750,120 | |||||||||||||
125,000 | DTE Energy Co | 2.250 | 11/01/22 | 128,201 | |||||||||||||
100,000 | Duke Energy Carolinas LLC | 3.350 | 05/15/22 | 103,369 | |||||||||||||
350,000 | Duke Energy Carolinas LLC | 3.050 | 03/15/23 | 368,047 | |||||||||||||
300,000 | Duke Energy Corp | 2.400 | 08/15/22 | 306,976 | |||||||||||||
200,000 | Edison International | 2.400 | 09/15/22 | 203,953 | |||||||||||||
100,000 | Edison International | 3.125 | 11/15/22 | 103,347 | |||||||||||||
200,000 | Emera US Finance LP | 2.700 | 06/15/21 | 200,524 | |||||||||||||
120,000 | Entergy Corp | 4.000 | 07/15/22 | 124,630 | |||||||||||||
750,000 | Entergy Louisiana LLC | 0.620 | 11/17/23 | 750,993 | |||||||||||||
160,000 | Eversource Energy | 2.750 | 03/15/22 | 163,226 | |||||||||||||
500,000 | Exelon Corp | 3.497 | 06/01/22 | 515,714 | |||||||||||||
100,000 | Georgia Power Co | 2.100 | 07/30/23 | 103,219 | |||||||||||||
500,000 | NextEra Energy Capital Holdings, Inc | 2.900 | 04/01/22 | 512,593 | |||||||||||||
1,000,000 | NextEra Energy Capital Holdings, Inc | 0.650 | 03/01/23 | 1,003,197 | |||||||||||||
200,000 | Ohio Power Co | 5.375 | 10/01/21 | 204,716 | |||||||||||||
120,000 | Oncor Electric Delivery Co LLC | 7.000 | 09/01/22 | 130,873 | |||||||||||||
500,000 | ONE Gas, Inc | 0.850 | 03/11/23 | 500,361 | |||||||||||||
500,000 | ONE Gas, Inc | 1.100 | 03/11/24 | 499,858 | |||||||||||||
250,000 | ONEOK Partners LP | 3.375 | 10/01/22 | 258,280 | |||||||||||||
750,000 | Pacific Gas and Electric Co | 1.750 | 06/16/22 | 751,138 | |||||||||||||
750,000 | Pacific Gas and Electric Co | 1.367 | 03/10/23 | 750,218 | |||||||||||||
200,000 | Pacific Gas and Electric Co | 4.250 | 08/01/23 | 213,354 | |||||||||||||
100,000 | PPL Capital Funding, Inc | 3.500 | 12/01/22 | 104,091 | |||||||||||||
500,000 | PSEG Power LLC | 3.850 | 06/01/23 | 533,052 | |||||||||||||
100,000 | Public Service Enterprise Group, Inc | 2.650 | 11/15/22 | 103,400 | |||||||||||||
200,000 | Puget Energy, Inc | 5.625 | 07/15/22 | 210,394 | |||||||||||||
110,000 | Sempra Energy | 2.875 | 10/01/22 | 113,059 | |||||||||||||
1,000,000 | h | Southern California Edison Co | 1.100 | 04/01/24 | 999,986 | ||||||||||||
300,000 | Southern Co | 2.950 | 07/01/23 | 314,189 | |||||||||||||
1,000,000 | Southern Co | 0.600 | 02/26/24 | 993,664 | |||||||||||||
200,000 | Virginia Electric & Power Co | 2.750 | 03/15/23 | 207,391 | |||||||||||||
500,000 | WEC Energy Group, Inc | 0.550 | 09/15/23 | 498,972 |
357 |
TIAA-CREF FUNDS - Short-Term Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 500,000 | WEC Energy Group, Inc | 0.800 | % | 03/15/24 | $ | 499,864 | ||||||||||
350,000 | Xcel Energy, Inc | 0.500 | 10/15/23 | 349,663 | |||||||||||||
TOTAL UTILITIES | 17,834,770 | ||||||||||||||||
TOTAL CORPORATE BONDS | 251,130,647 | ||||||||||||||||
(Cost $248,579,329) | |||||||||||||||||
GOVERNMENT BONDS - 76.0% | |||||||||||||||||
AGENCY SECURITIES - 3.1% | |||||||||||||||||
1,500,000 | Federal Farm Credit Bank (FFCB) | 0.250 | 05/06/22 | 1,501,979 | |||||||||||||
750,000 | FFCB | 0.125 | 11/23/22 | 749,980 | |||||||||||||
4,000,000 | Federal Farm Credit Banks Funding Corp | 0.125 | 02/03/23 | 3,998,056 | |||||||||||||
330,000 | Federal Farm Credit Banks Funding Corp | 0.250 | 02/26/24 | 328,993 | |||||||||||||
3,000,000 | Federal Home Loan Bank (FHLB) | 3.000 | 10/12/21 | 3,046,847 | |||||||||||||
1,600,000 | FHLB | 1.625 | 11/19/21 | 1,615,864 | |||||||||||||
1,000,000 | FHLB | 0.250 | 06/03/22 | 1,001,544 | |||||||||||||
350,000 | FHLB | 0.125 | 08/12/22 | 349,790 | |||||||||||||
500,000 | FHLB | 0.125 | 10/21/22 | 499,694 | |||||||||||||
1,600,000 | FHLB | 1.375 | 02/17/23 | 1,635,967 | |||||||||||||
1,200,000 | FHLB | 0.125 | 03/17/23 | 1,198,609 | |||||||||||||
1,000,000 | Federal Home Loan Mortgage Corp (FHLMC) | 0.125 | 07/25/22 | 999,907 | |||||||||||||
2,500,000 | FHLMC | 0.375 | 04/20/23 | 2,509,498 | |||||||||||||
500,000 | FHLMC | 0.375 | 05/05/23 | 502,149 | |||||||||||||
1,000,000 | FHLMC | 0.250 | 06/26/23 | 1,001,011 | |||||||||||||
1,500,000 | FHLMC | 0.250 | 08/24/23 | 1,500,342 | |||||||||||||
650,000 | FHLMC | 0.250 | 09/08/23 | 649,874 | |||||||||||||
750,000 | FHLMC | 0.125 | 10/16/23 | 747,171 | |||||||||||||
1,000,000 | FHLMC | 0.250 | 11/06/23 | 999,248 | |||||||||||||
945,000 | FHLMC | 0.250 | 12/04/23 | 943,590 | |||||||||||||
1,000,000 | Federal National Mortgage Association (FNMA) | 2.000 | 10/05/22 | 1,027,906 | |||||||||||||
4,500,000 | FNMA | 0.250 | 05/22/23 | 4,505,661 | |||||||||||||
750,000 | FNMA | 0.250 | 07/10/23 | 750,573 | |||||||||||||
500,000 | FNMA | 0.250 | 11/27/23 | 499,434 | |||||||||||||
TOTAL AGENCY SECURITIES | 32,563,687 | ||||||||||||||||
FOREIGN GOVERNMENT BONDS - 6.9% | |||||||||||||||||
600,000 | African Development Bank | 1.625 | 09/16/22 | 612,048 | |||||||||||||
1,600,000 | African Development Bank | 0.750 | 04/03/23 | 1,615,540 | |||||||||||||
400,000 | Asian Development Bank | 0.625 | 04/07/22 | 401,842 | |||||||||||||
2,500,000 | Asian Development Bank | 1.875 | 07/19/22 | 2,554,433 | |||||||||||||
1,250,000 | Asian Development Bank | 1.625 | 01/24/23 | 1,281,425 | |||||||||||||
1,750,000 | Asian Development Bank | 0.250 | 07/14/23 | 1,747,607 | |||||||||||||
500,000 | Asian Development Bank | 0.250 | 10/06/23 | 499,011 | |||||||||||||
750,000 | Asian Infrastructure Investment Bank | 0.250 | 09/29/23 | 749,026 | |||||||||||||
300,000 | Chile Government International Bond | 2.250 | 10/30/22 | 307,287 | |||||||||||||
250,000 | Colombia Government International Bond | 2.625 | 03/15/23 | 256,835 | |||||||||||||
750,000 | Colombia Government International Bond | 4.000 | 02/26/24 | 797,220 | |||||||||||||
550,000 | Corp Andina de Fomento | 3.250 | 02/11/22 | 562,067 | |||||||||||||
500,000 | Corp Andina de Fomento | 2.375 | 05/12/23 | 516,070 | |||||||||||||
500,000 | Council of Europe Development Bank | 0.250 | 06/10/23 | 499,601 | |||||||||||||
500,000 | Council Of Europe Development Bank | 0.250 | 10/20/23 | 498,576 |
358 |
TIAA-CREF FUNDS - Short-Term Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 500,000 | European Bank for Reconstruction & Development | 2.750 | % | 03/07/23 | $ | 523,937 | ||||||||||
1,000,000 | European Bank for Reconstruction & Development | 0.250 | 07/10/23 | 998,244 | |||||||||||||
500,000 | European Investment Bank | 2.625 | 05/20/22 | 513,768 | |||||||||||||
2,750,000 | European Investment Bank | 1.375 | 09/06/22 | 2,795,875 | |||||||||||||
3,707,000 | European Investment Bank | 1.375 | 05/15/23 | 3,794,849 | |||||||||||||
1,360,000 | European Investment Bank | 0.250 | 09/15/23 | 1,357,983 | |||||||||||||
1,500,000 | European Investment Bank | 3.250 | 01/29/24 | 1,619,085 | |||||||||||||
500,000 | Export Development Canada | 2.000 | 05/17/22 | 510,097 | |||||||||||||
1,800,000 | Export Development Canada | 1.375 | 02/24/23 | 1,838,111 | |||||||||||||
250,000 | Export-Import Bank of Korea | 3.500 | 11/27/21 | 254,984 | |||||||||||||
500,000 | Export-Import Bank of Korea | 2.750 | 01/25/22 | 509,360 | |||||||||||||
1,000,000 | Export-Import Bank of Korea | 0.375 | 02/09/24 | 994,906 | |||||||||||||
500,000 | FMS Wertmanagement AoeR | 2.750 | 03/06/23 | 523,848 | |||||||||||||
500,000 | Hashemite Kingdom of Jordan Government AID Bond | 2.578 | 06/30/22 | 514,699 | |||||||||||||
750,000 | Hungary Government International Bond | 5.750 | 11/22/23 | 847,585 | |||||||||||||
300,000 | Indonesia Government International Bond | 2.950 | 01/11/23 | 310,604 | |||||||||||||
750,000 | Indonesia Government International Bond | 4.450 | 02/11/24 | 817,940 | |||||||||||||
1,000,000 | Inter-American Development Bank | 1.750 | 04/14/22 | 1,015,913 | |||||||||||||
1,100,000 | Inter-American Development Bank | 2.500 | 01/18/23 | 1,145,001 | |||||||||||||
1,000,000 | Inter-American Development Bank | 0.500 | 05/24/23 | 1,005,060 | |||||||||||||
1,500,000 | Inter-American Development Bank | 0.250 | 11/15/23 | 1,495,813 | |||||||||||||
1,000,000 | Inter-American Development Bank | 2.625 | 01/16/24 | 1,061,180 | |||||||||||||
1,250,000 | International Bank for Reconstruction & Development | 2.125 | 07/01/22 | 1,279,926 | |||||||||||||
1,000,000 | International Bank for Reconstruction & Development | 1.875 | 06/19/23 | 1,035,477 | |||||||||||||
1,250,000 | International Bank for Reconstruction & Development | 0.250 | 11/24/23 | 1,246,636 | |||||||||||||
400,000 | International Finance Corp | 0.500 | 03/20/23 | 401,314 | |||||||||||||
500,000 | International Finance Corp | 2.875 | 07/31/23 | 529,452 | |||||||||||||
250,000 | Israel Government International Bond | 4.000 | 06/30/22 | 261,262 | |||||||||||||
500,000 | Israel Government International Bond | 3.150 | 06/30/23 | 528,821 | |||||||||||||
200,000 | Japan Bank for International Cooperation | 1.625 | 10/17/22 | 203,994 | |||||||||||||
450,000 | Japan Bank for International Cooperation | 1.750 | 01/23/23 | 461,311 | |||||||||||||
800,000 | Japan Bank for International Cooperation | 0.625 | 05/22/23 | 804,413 | |||||||||||||
500,000 | Japan Bank for International Cooperation | 3.250 | 07/20/23 | 532,138 | |||||||||||||
300,000 | Japan Bank for International Cooperation | 0.375 | 09/15/23 | 299,261 | |||||||||||||
700,000 | Japan Bank for International Cooperation | 3.375 | 10/31/23 | 751,682 | |||||||||||||
350,000 | Korea Development Bank | 3.000 | 03/19/22 | 358,615 | |||||||||||||
300,000 | Korea Development Bank | 3.375 | 03/12/23 | 316,647 | |||||||||||||
550,000 | Korea Development Bank | 0.500 | 10/27/23 | 549,984 | |||||||||||||
500,000 | Korea Development Bank | 0.400 | 03/09/24 | 497,450 | |||||||||||||
500,000 | Korea Development Bank | 0.400 | 06/19/24 | 497,509 | |||||||||||||
500,000 | Korea Government International Bond | 3.875 | 09/11/23 | 540,990 | |||||||||||||
500,000 | Kreditanstalt fuer Wiederaufbau | 2.500 | 02/15/22 | 509,984 | |||||||||||||
1,000,000 | Kreditanstalt fuer Wiederaufbau | 2.125 | 03/07/22 | 1,018,255 | |||||||||||||
2,000,000 | Kreditanstalt fuer Wiederaufbau | 1.750 | 08/22/22 | 2,043,040 | |||||||||||||
5,100,000 | Kreditanstalt fuer Wiederaufbau | 1.625 | 02/15/23 | 5,233,671 | |||||||||||||
500,000 | Kreditanstalt fuer Wiederaufbau | 0.250 | 10/19/23 | 498,991 | |||||||||||||
1,400,000 | Kreditanstalt fuer Wiederaufbau | 0.250 | 03/08/24 | 1,392,916 | |||||||||||||
750,000 | Mexico Government International Bond | 4.000 | 10/02/23 | 807,203 | |||||||||||||
500,000 | Nordic Investment Bank | 1.375 | 10/17/22 | 508,849 | |||||||||||||
250,000 | Nordic Investment Bank | 0.375 | 05/19/23 | 250,444 |
359 |
TIAA-CREF FUNDS - Short-Term Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 500,000 | Poland Government International Bond | 5.000 | % | 03/23/22 | $ | 521,779 | ||||||||||
400,000 | Poland Government International Bond | 3.000 | 03/17/23 | 419,689 | |||||||||||||
1,000,000 | Poland Government International Bond | 4.000 | 01/22/24 | 1,094,978 | |||||||||||||
400,000 | Province of Alberta Canada | 2.200 | 07/26/22 | 410,073 | |||||||||||||
500,000 | Province of Alberta Canada | 3.350 | 11/01/23 | 536,895 | |||||||||||||
750,000 | Province of Alberta Canada | 2.950 | 01/23/24 | 800,748 | |||||||||||||
300,000 | Province of British Columbia Canada | 2.000 | 10/23/22 | 308,255 | |||||||||||||
400,000 | Province of Manitoba Canada | 2.125 | 05/04/22 | 407,952 | |||||||||||||
300,000 | Province of Ontario Canada | 2.550 | 04/25/22 | 307,321 | |||||||||||||
1,000,000 | Province of Ontario Canada | 2.250 | 05/18/22 | 1,022,073 | |||||||||||||
1,055,000 | Province of Ontario Canada | 1.750 | 01/24/23 | 1,082,704 | |||||||||||||
600,000 | Province of Ontario Canada | 3.400 | 10/17/23 | 645,063 | |||||||||||||
1,000,000 | Province of Ontario Canada | 3.050 | 01/29/24 | 1,071,575 | |||||||||||||
900,000 | Province of Quebec Canada | 2.625 | 02/13/23 | 938,959 | |||||||||||||
1,000,000 | Republic of Italy Government International Bond | 6.875 | 09/27/23 | 1,147,945 | |||||||||||||
120,000 | Svensk Exportkredit AB | 2.375 | 04/09/21 | 120,032 | |||||||||||||
660,000 | Svensk Exportkredit AB | �� | 1.625 | 11/14/22 | 674,520 | ||||||||||||
300,000 | Svensk Exportkredit AB | 2.875 | 03/14/23 | 314,893 | |||||||||||||
1,000,000 | Svensk Exportkredit AB | 0.750 | 04/06/23 | 1,009,010 | |||||||||||||
TOTAL FOREIGN GOVERNMENT BONDS | 73,542,129 | ||||||||||||||||
MUNICIPAL BONDS - 0.0% | |||||||||||||||||
280,000 | Port Authority of New York & New Jersey | 1.086 | 07/01/23 | 284,170 | |||||||||||||
TOTAL MUNICIPAL BONDS | 284,170 | ||||||||||||||||
U.S. TREASURY SECURITIES - 66.0% | |||||||||||||||||
10,000,000 | United States Treasury Note | 2.375 | 03/15/22 | 10,219,531 | |||||||||||||
4,750,000 | United States Treasury Note | 0.375 | 03/31/22 | 4,764,102 | |||||||||||||
12,000,000 | United States Treasury Note | 2.250 | 04/15/22 | 12,270,000 | |||||||||||||
24,000,000 | United States Treasury Note | 0.125 | 04/30/22 | 24,009,375 | |||||||||||||
18,000,000 | United States Treasury Note | 2.125 | 05/15/22 | 18,407,813 | |||||||||||||
7,000,000 | United States Treasury Note | 0.125 | 05/31/22 | 7,001,914 | |||||||||||||
14,000,000 | United States Treasury Note | 1.750 | 06/15/22 | 14,276,719 | |||||||||||||
18,500,000 | United States Treasury Note | 0.125 | 06/30/22 | 18,504,336 | |||||||||||||
20,000,000 | United States Treasury Note | 1.750 | 07/15/22 | 20,422,656 | |||||||||||||
7,800,000 | United States Treasury Note | 0.125 | 07/31/22 | 7,800,609 | |||||||||||||
13,000,000 | United States Treasury Note | 1.500 | 08/15/22 | 13,246,289 | |||||||||||||
28,500,000 | United States Treasury Note | 0.125 | 08/31/22 | 28,500,000 | |||||||||||||
10,000,000 | United States Treasury Note | 1.500 | 09/15/22 | 10,198,828 | |||||||||||||
14,000,000 | United States Treasury Note | 0.125 | 09/30/22 | 13,998,906 | |||||||||||||
17,400,000 | United States Treasury Note | 1.375 | 10/15/22 | 17,729,648 | |||||||||||||
9,250,000 | United States Treasury Note | 0.125 | 10/31/22 | 9,248,916 | |||||||||||||
20,000,000 | United States Treasury Note | 1.625 | 11/15/22 | 20,478,906 | |||||||||||||
27,250,000 | United States Treasury Note | 0.125 | 11/30/22 | 27,244,678 | |||||||||||||
23,000,000 | United States Treasury Note | 1.625 | 12/15/22 | 23,580,391 | |||||||||||||
8,000,000 | United States Treasury Note | 0.125 | 12/31/22 | 7,996,562 | |||||||||||||
22,000,000 | United States Treasury Note | 1.500 | 01/15/23 | 22,528,516 | |||||||||||||
7,000,000 | United States Treasury Note | 0.125 | 01/31/23 | 6,996,719 | |||||||||||||
12,000,000 | United States Treasury Note | 1.375 | 02/15/23 | 12,273,281 | |||||||||||||
23,000,000 | United States Treasury Note | 0.125 | 02/28/23 | 22,985,625 | |||||||||||||
1,000,000 | United States Treasury Note | 2.625 | 02/28/23 | 1,046,914 | |||||||||||||
3,750,000 | United States Treasury Note | 0.125 | 03/31/23 | 3,747,510 | |||||||||||||
21,500,000 | United States Treasury Note | �� | 0.250 | 04/15/23 | 21,531,074 | ||||||||||||
21,500,000 | United States Treasury Note | 0.125 | 05/15/23 | 21,471,445 |
360 |
TIAA-CREF FUNDS - Short-Term Bond Index Fund
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 18,000,000 | United States Treasury Note | 0.250 | % | 06/15/23 | $ | 18,020,391 | ||||||||||
17,600,000 | United States Treasury Note | 0.125 | 07/15/23 | 17,565,625 | |||||||||||||
16,500,000 | United States Treasury Note | 0.125 | 08/15/23 | 16,461,973 | |||||||||||||
6,750,000 | United States Treasury Note | 0.125 | 09/15/23 | 6,731,543 | |||||||||||||
33,750,000 | United States Treasury Note | 0.125 | 10/15/23 | 33,639,258 | |||||||||||||
46,250,000 | United States Treasury Note | 0.250 | 11/15/23 | 46,226,514 | |||||||||||||
33,250,000 | United States Treasury Note | 0.125 | 12/15/23 | 33,103,233 | |||||||||||||
16,600,000 | United States Treasury Note | 0.125 | 01/15/24 | 16,517,000 | |||||||||||||
48,243,000 | e | United States Treasury Note | 0.125 | 02/15/24 | 47,982,940 | ||||||||||||
35,000,000 | United States Treasury Note | 0.250 | 03/15/24 | 34,907,031 | |||||||||||||
5,000,000 | United States Treasury Note | 0.250 | 08/31/25 | 4,883,594 | |||||||||||||
4,000,000 | United States Treasury Note | 0.250 | 09/30/25 | 3,901,406 | |||||||||||||
500,000 | United States Treasury Note | 0.375 | 11/30/25 | 489,082 | |||||||||||||
TOTAL U.S. TREASURY SECURITIES | 702,910,853 | ||||||||||||||||
TOTAL GOVERNMENT BONDS | 809,300,839 | ||||||||||||||||
(Cost $805,115,297) | |||||||||||||||||
TOTAL BONDS | 1,060,431,486 | ||||||||||||||||
(Cost $1,053,694,626) | |||||||||||||||||
SHORT-TERM INVESTMENTS - 5.2% | |||||||||||||||||
GOVERNMENT AGENCY DEBT - 0.6% | |||||||||||||||||
6,750,000 | Federal Agricultural Mortgage Corp (FAMC) | 0.010 | 04/01/21 | 6,750,000 | |||||||||||||
TOTAL GOVERNMENT AGENCY DEBT | 6,750,000 | ||||||||||||||||
SHARES | COMPANY | ||||||||||||||||
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 4.6% | |||||||||||||||||
48,683,289 | c | State Street Navigator Securities Lending Government Money Market Portfolio | 0.030 | 48,683,289 | |||||||||||||
TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES | 48,683,289 | ||||||||||||||||
TOTAL SHORT-TERM INVESTMENTS | 55,433,289 | ||||||||||||||||
(Cost $55,433,289) | |||||||||||||||||
TOTAL INVESTMENTS - 104.7% | 1,115,864,775 | ||||||||||||||||
(Cost $1,109,127,915) | |||||||||||||||||
OTHER ASSETS & LIABILITIES, NET - (4.7)% | (50,038,183 | ) | |||||||||||||||
NET ASSETS - 100.0% | $ | 1,065,826,592 |
‡ | Perpetual security | ||
c | Investments made with cash collateral received from securities on loan. | ||
e | All or a portion of these securities are out on loan. The aggregate value of securities on loan is $47,703,659. | ||
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 3/31/2021, the aggregate value of these securities is $2,451,287 or 0.2% of net assets. | ||
h | All or a portion of these securities were purchased on a delayed delivery basis. | ||
361 |
TIAA-CREF FUNDS - Money Market Fund
TIAA-CREF FUNDS
MONEY MARKET FUND
SCHEDULE OF INVESTMENTS
March 31, 2021
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE | ||||||||||||
SHORT-TERM INVESTMENTS - 100.1% | ||||||||||||||||
GOVERNMENT AGENCY DEBT - 32.2% | ||||||||||||||||
$ | 10,211,000 | Federal Farm Credit Bank (FFCB) | 2.420 | % | 04/29/21 | $ | 10,230,220 | |||||||||
40,816,000 | Federal Home Loan Bank (FHLB) | 0.010 | 04/07/21 | 40,815,423 | ||||||||||||
8,886,000 | FHLB | 0.010 | 04/08/21 | 8,885,862 | ||||||||||||
26,028,000 | FHLB | 0.010 | 04/21/21 | 26,026,771 | ||||||||||||
600,000 | FHLB | 0.010 | 04/23/21 | 599,982 | ||||||||||||
23,000,000 | FHLB | 0.010 | 04/28/21 | 22,999,655 | ||||||||||||
1,230,000 | FHLB | 0.010 | 04/29/21 | 1,229,982 | ||||||||||||
21,200,000 | FHLB | 0.010 | 05/04/21 | 21,198,737 | ||||||||||||
39,000,000 | FHLB | 0.010 | 05/05/21 | 38,997,790 | ||||||||||||
11,000,000 | FHLB | 0.010 | 05/10/21 | 10,999,643 | ||||||||||||
7,097,000 | FHLB | 0.010 | 05/12/21 | 7,096,677 | ||||||||||||
10,000,000 | FHLB | 0.090 | 05/14/21 | 10,000,000 | ||||||||||||
10,000,000 | FHLB | 0.010 | 05/19/21 | 9,999,867 | ||||||||||||
1,000,000 | FHLB | 0.010 | 05/21/21 | 999,972 | ||||||||||||
11,753,000 | FHLB | 0.010 | 05/26/21 | 11,752,188 | ||||||||||||
13,000,000 | FHLB | 0.040 | 05/26/21 | 12,999,891 | ||||||||||||
9,500,000 | FHLB | 0.010 | 05/28/21 | 9,498,646 | ||||||||||||
24,293,000 | FHLB | 0.010 | 06/02/21 | 24,291,559 | ||||||||||||
11,500,000 | FHLB | 0.010 | 06/07/21 | 11,499,037 | ||||||||||||
11,500,000 | FHLB | 0.045 | 06/07/21 | 11,499,927 | ||||||||||||
13,500,000 | FHLB | 0.045 | 06/08/21 | 13,499,976 | ||||||||||||
15,504,000 | FHLB | 0.010 | 06/11/21 | 15,503,236 | ||||||||||||
13,000,000 | FHLB | 0.045 | 06/15/21 | 12,999,907 | ||||||||||||
2,591,000 | FHLB | 0.010 | 06/16/21 | 2,590,865 | ||||||||||||
26,900,000 | FHLB | 0.010 | 06/18/21 | 26,899,092 | ||||||||||||
18,180,000 | FHLB | 0.010 | 06/22/21 | 18,179,586 | ||||||||||||
7,500,000 | FHLB | 0.010 | 06/25/21 | 7,499,593 | ||||||||||||
5,000,000 | FHLB | 0.020 | 06/28/21 | 4,999,964 | ||||||||||||
4,625,000 | FHLB | 0.010 | 06/30/21 | 4,624,422 | ||||||||||||
2,686,000 | FHLB | 0.010 | 07/09/21 | 2,685,335 | ||||||||||||
13,500,000 | FHLB | 0.050 | 07/12/21 | 13,499,779 | ||||||||||||
9,700,000 | FHLB | 0.050 | 08/02/21 | 9,699,802 | ||||||||||||
7,917,000 | FHLB | 0.010 | 09/17/21 | 7,915,811 | ||||||||||||
28,000,000 | FHLB | 0.040 | 09/29/21 | 27,999,169 | ||||||||||||
TOTAL GOVERNMENT AGENCY DEBT | 460,218,366 | |||||||||||||||
TREASURY DEBT - 43.1% | ||||||||||||||||
18,513,000 | United States Cash Management Bill | 0.010 | 06/08/21 | 18,509,999 | ||||||||||||
7,000,000 | United States Cash Management Bill | 0.010 | 06/15/21 | 6,998,957 | ||||||||||||
13,533,000 | United States Cash Management Bill | 0.010 | 06/22/21 | 13,530,712 | ||||||||||||
7,099,000 | United States Cash Management Bill | 0.010 | 06/29/21 | 7,097,607 | ||||||||||||
16,000,000 | United States Cash Management Bill | 0.010 | 07/06/21 | 15,997,393 | ||||||||||||
66,721,000 | United States Cash Management Bill | 0.000 | 07/20/21 | 66,716,691 | ||||||||||||
14,500,000 | United States Cash Management Bill | 0.010 | 07/27/21 | 14,498,603 | ||||||||||||
38,270,000 | United States Treasury Bill | 0.010 | 04/01/21 | 38,270,000 |
362 |
TIAA-CREF FUNDS - Money Market Fund
PRINCIPAL | ISSUER | REFERENCE RATE & SPREAD | RATE | MATURITY DATE | VALUE | |||||||||||||
$ | 26,892,000 | United States Treasury Bill | 0.010 | % | 04/06/21 | $ | 26,891,768 | |||||||||||
43,483,000 | United States Treasury Bill | 0.010 | 04/08/21 | 43,482,310 | ||||||||||||||
11,668,000 | United States Treasury Bill | 0.010 | 04/13/21 | 11,667,765 | ||||||||||||||
9,500,000 | United States Treasury Bill | 0.010 | 04/15/21 | 9,499,675 | ||||||||||||||
3,132,000 | United States Treasury Bill | 0.010 | 04/20/21 | 3,131,864 | ||||||||||||||
36,521,000 | United States Treasury Bill | 0.010 | 04/22/21 | 36,518,977 | ||||||||||||||
42,395,000 | United States Treasury Bill | 0.010 | 04/27/21 | 42,392,346 | ||||||||||||||
5,000,000 | United States Treasury Bill | 0.010 | 04/29/21 | 4,999,621 | ||||||||||||||
2,760,000 | United States Treasury Bill | 0.010 | 05/04/21 | 2,759,911 | ||||||||||||||
44,382,000 | United States Treasury Bill | 0.010 | 05/06/21 | 44,379,080 | ||||||||||||||
15,117,000 | United States Treasury Bill | 0.010 | 05/13/21 | 15,115,998 | ||||||||||||||
48,184,000 | United States Treasury Bill | 0.010 | 05/18/21 | 48,182,064 | ||||||||||||||
3,951,000 | United States Treasury Bill | 0.010 | 05/20/21 | 3,950,554 | ||||||||||||||
13,000,000 | United States Treasury Bill | 0.010 | 05/25/21 | 12,999,426 | ||||||||||||||
9,632,000 | United States Treasury Bill | 0.010 | 05/27/21 | 9,631,111 | ||||||||||||||
14,905,000 | United States Treasury Bill | 0.010 | 06/01/21 | 14,903,990 | ||||||||||||||
26,002,000 | United States Treasury Bill | 0.010 | 06/03/21 | 26,000,112 | ||||||||||||||
7,000,000 | United States Treasury Bill | 0.010 | 06/10/21 | 6,999,353 | ||||||||||||||
11,500,000 | United States Treasury Bill | 0.010 | 06/17/21 | 11,498,356 | ||||||||||||||
10,000,000 | United States Treasury Bill | 0.010 | 06/24/21 | 9,999,603 | ||||||||||||||
22,000 | United States Treasury Bill | 0.010 | 07/01/21 | 21,999 | ||||||||||||||
10,300,000 | United States Treasury Bill | 0.010 | 07/22/21 | 10,297,196 | ||||||||||||||
16,172,000 | United States Treasury Bill | 0.010 | 07/29/21 | 16,167,907 | ||||||||||||||
16,008,000 | United States Treasury Bill | 0.010 | 08/05/21 | 16,004,355 | ||||||||||||||
7,000,000 | United States Treasury Bill | 0.010 | 09/23/21 | 6,998,741 | ||||||||||||||
TOTAL TREASURY DEBT | 616,114,044 | |||||||||||||||||
VARIABLE RATE SECURITIES - 24.8% | ||||||||||||||||||
25,000,000 | i | Federal Farm Credit Bank (FFCB) | SOFR + 0.290% | 0.300 | 04/23/21 | 25,000,000 | ||||||||||||
11,000,000 | i | FFCB | SOFR + 0.040% | 0.050 | 08/04/21 | 11,000,000 | ||||||||||||
10,000,000 | i | FFCB | SOFR + 0.055% | 0.065 | 10/15/21 | 10,000,000 | ||||||||||||
10,000,000 | i | FFCB | SOFR + 0.070% | 0.080 | 02/17/22 | 10,000,000 | ||||||||||||
14,000,000 | i | FFCB | SOFR + 0.040% | 0.050 | 06/01/22 | 13,999,587 | ||||||||||||
5,000,000 | i | FFCB | SOFR + 0.190% | 0.200 | 07/14/22 | 5,000,000 | ||||||||||||
7,500,000 | i | FFCB | SOFR + 0.070% | 0.080 | 08/11/22 | 7,500,000 | ||||||||||||
14,000,000 | i | FFCB | SOFR + 0.045% | 0.055 | 09/08/22 | 13,998,982 | ||||||||||||
3,775,000 | i | FFCB | SOFR + 0.060% | 0.070 | 10/21/22 | 3,775,000 | ||||||||||||
47,500,000 | i | Federal Home Loan Bank (FHLB) | SOFR + 0.230% | 0.240 | 04/13/21 | 47,500,000 | ||||||||||||
11,000,000 | i | FHLB | SOFR + 0.070% | 0.080 | 04/21/21 | 11,000,000 | ||||||||||||
9,500,000 | i | FHLB | SOFR + 0.055% | 0.065 | 05/14/21 | 9,500,000 | ||||||||||||
25,000,000 | i | FHLB | SOFR + 0.100% | 0.110 | 07/09/21 | 25,000,000 | ||||||||||||
25,000,000 | i | FHLB | SOFR + 0.120% | 0.130 | 10/13/21 | 25,000,000 | ||||||||||||
9,000,000 | i | FHLB | SOFR + 0.065% | 0.075 | 12/21/21 | 9,000,000 | ||||||||||||
15,000,000 | i | FHLB | SOFR + 0.080% | 0.090 | 02/22/22 | 15,000,000 | ||||||||||||
10,000,000 | i | FHLB | SOFR + 0.055% | 0.065 | 05/13/22 | 10,000,000 | ||||||||||||
6,000,000 | i | FHLB | SOFR + 0.090% | 0.100 | 05/26/22 | 6,000,000 | ||||||||||||
10,825,000 | i | FHLB | SOFR + 0.045% | 0.055 | 07/29/22 | 10,825,000 | ||||||||||||
10,000,000 | i | FHLB | SOFR + 0.085% | 0.095 | 10/05/22 | 10,000,000 | ||||||||||||
11,000,000 | i | FHLB | SOFR + 0.060% | 0.070 | 12/08/22 | 11,000,000 | ||||||||||||
10,000,000 | i | Federal Home Loan Mortgage Corp (FHLMC) | SOFR + 0.240% | 0.250 | 07/23/21 | 10,000,000 | ||||||||||||
10,000,000 | i | FHLMC | SOFR + 0.095% | 0.105 | 08/19/22 | 10,000,000 | ||||||||||||
15,000,000 | i | Federal National Mortgage Association (FNMA) | SOFR + 0.190% | 0.200 | 04/05/21 | 15,000,000 | ||||||||||||
20,000,000 | i | FNMA | SOFR + 0.280% | 0.290 | 04/26/21 | 20,000,000 | ||||||||||||
10,000,000 | i | FNMA | SOFR + 0.320% | 0.330 | 10/22/21 | 10,000,000 | ||||||||||||
TOTAL VARIABLE RATE SECURITIES | 355,098,569 |
363 |
TIAA-CREF FUNDS - Money Market Fund
VALUE | ||||||||||||||||||
TOTAL SHORT-TERM INVESTMENTS | $ | 1,431,430,979 | ||||||||||||||||
(Cost $1,431,430,979) | ||||||||||||||||||
TOTAL INVESTMENTS- 100.1% | 1,431,430,979 | |||||||||||||||||
(Cost $1,431,430,979) | ||||||||||||||||||
OTHER ASSETS & LIABILITIES, NET - (0.1)% | (1,687,037 | ) | ||||||||||||||||
NET ASSETS - 100.0% | $ | 1,429,743,942 |
Abbreviation(s): | |||
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. |
364 |
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, TIAA-CREF Core Impact Bond Fund, TIAA-CREF Core Plus Bond 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, TIAA-CREF Core Impact Bond Fund, TIAA-CREF Core Plus Bond 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, 2021, the related statements of operations for the year ended March 31, 2021, the statements of changes in net assets for each of the two years in the period ended March 31, 2021, 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, 2021 (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, 2021, the results of each of their operations for the year then ended, the changes in each of their net assets for each of the two years in the period ended March 31, 2021, 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.
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, 2021 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 21, 2021
We have served as the auditor of one or more investment companies in TIAA-CREF Funds’ investment company group since 2005.
(A12451-B 5/21)
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 21, 2021 | 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 21, 2021 | By: | /s/ Bradley Finkle | |
Bradley Finkle | |||
Principal Executive Officer and President | |||
(principal executive officer) |
Dated: May 21, 2021 | By: | /s/ E. Scott Wickerham | |
E. Scott Wickerham | |||
Principal Financial Officer, Principal Accounting Officer and Treasurer | |||
(principal financial officer) |