UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT
INVESTMENT COMPANIES
Investment Company Act file number File No. 811-08520
TIAA SEPARATE ACCOUNT VA-1
(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 SEPARATE ACCOUNT VA-1
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: December 31
Date of reporting period: December 31, 2020
Item 1. Reports to Stockholders.
Annual Report ◾ December 31, 2020
TIAA Separate Account VA-1
The annual report contains the audited financial statements. |
Stock Index Account
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Account performance | ||||
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Audited financial statements | ||||
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Inside back cover | ||||
This annual report contains information about the TIAA Separate Account VA-1 of Teachers Insurance and Annuity Association of America (TIAA) and made available through TIAA’s Teachers Personal Annuity variable annuity contract, and describes the Separate Account’s results for the twelve months ended December 31, 2020. The report contains three main sections:
• | The Separate Account performance section compares the Separate Account’s investment returns with those of its benchmark index. |
• | The summary portfolio of investments lists the industries and types of securities in which the Separate Account had investments as of December 31, 2020. |
• | The financial statements provide detailed information about the operations and financial condition of the Separate Account. |
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 Separate Account, please read the latest prospectus.
As always, you should carefully consider the investment objectives, risks, charges and expenses of any account before investing. For a prospectus that contains this and other important information, please visit our website at TIAA.org, or call 800-223-1200. We urge you to read the prospectus carefully before investing.
TIAA Separate Account VA-1 ◾ 2020 Annual Report 3
Information for contractowners
Portfolio holdings
The summary portfolio of investments for the TIAA Separate Account VA-1 begins on page 10 of this report. You can obtain a complete list of the holdings of the TIAA Separate Account VA-1 as of the most recently completed fiscal quarter in the following ways:
• | By visiting our website at TIAA.org; or |
• | By calling us at 800-842-2252 to request a copy, which will be provided free of charge. |
You can also obtain a complete list of the TIAA Separate Account VA-1’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 December 31 or June 30; Form N-PORT filings are as of March 31 or September 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 TIAA Separate Account VA-1’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 800-223-1200 to request a free copy. A report of how the Account voted during the most recently completed twelvemonth 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 800-223-1200.
Account management
The TIAA Separate Account VA-1 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 Account.
4 2020 Annual Report ◾ TIAA Separate Account VA-1
Important information about expenses
All contractowners in the TIAA Separate Account VA-1 incur ongoing costs, including management fees and other Account expenses.
The TIAA Separate Account VA-1 is the underlying investment vehicle for Teachers Personal Annuity contracts issued by Teachers Insurance and Annuity Association of America. Premium taxes may apply to certain contracts. Because of this additional charge, the cost to investors may be higher than the figures shown in the expense example. Information about this additional charge can be found in the prospectus.
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 variable annuity accounts and mutual funds. Contractowners in the TIAA Separate Account VA-1 do not incur a sales charge for purchases 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 (July 1, 2020–December 31, 2020).
Actual expenses
The first line in the table uses the Account’s 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 the table shows hypothetical Account values and expenses based on the Account’s actual expense ratio for the six-month period and an assumed 5%-per-year rate of return before expenses. This was not the Account’s 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 Account with the costs of other accounts. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of other variable annuity accounts and mutual funds.
TIAA Separate Account VA-1 ◾ 2020 Annual Report 5
Important information about expenses
Expense example
Six months ended December 31, 2020
Stock Index Account | Beginning account value (7/1/20) | Ending account value | Expenses paid during period* (7/1/20–12/31/20) | |||||||||
Actual return | $ | 1,000.00 | $ | 1,247.47 | $ | 4.24 | ||||||
5% annual hypothetical return | 1,000.00 | 1,021.37 | 3.81 |
* | “Expenses paid during period” is based on the Account’s actual expense ratio for the most recent fiscal half-year, multiplied by the average account value over the six-month period, multiplied by 184/366. There were 184 days in the six months ended December 31, 2020. The Account’s annualized six-month expense ratio for that period was 0.75%. The total annual expense ratio reflects a voluntary agreement by the Account’s investment adviser to waive a portion of its fee. Without such waiver, the Account’s total annual expense ratio would have been 0.90%. Although TIAA reserves the right to increase the Account’s mortality and expense risk charge to a maximum of 1.00% of average daily net assets per year, the total annual expense ratio will never exceed 1.50%. |
The Account’s benchmark is the Russell 3000®Index, which measures the performance of the stocks of the 3,000 largest publicly traded U.S. companies, based on market capitalization. The index measures the performance of about 98% of the total market capitalization of the publicly traded U.S. equity market.
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 Account’s latest prospectus.
Frank Russell Company (“Russell”) is the source and owner of the trademarks, service marks and copyrights related to the Russell Indexes. Russell® is a trademark of Frank Russell Company. Neither Russell nor its licensors accept any liability for any errors or omissions in the Russell Indexes and/or Russell ratings or underlying data and no party may rely on any Russell Indexes and/or Russell ratings and/or underlying data contained in this communication. No further distribution of Russell Data is permitted without Russell’s express written consent. Russell does not promote, sponsor or endorse the content of this communication.
6 2020 Annual Report ◾ TIAA Separate Account VA-1
Performance for the twelve months ended December 31, 2020
The Stock Index Account returned 19.96% for the year, compared with the 20.89% return of its benchmark, the Russell 3000® Index.
For the twelve-month period, the Account’s return underperformed that of its benchmark index due to the effect of expenses. The Account’s return includes a deduction for expenses, while the benchmark’s does not. The Account had a risk profile similar to that of its benchmark.
The U.S. economy contracted sharply early in the period in response to the COVID-19 pandemic, but it then expanded considerably later in the year. The unemployment rate spiked from 3.6% in January 2020 to 14.7% in April, then steadily declined to 6.7% by December. Core inflation, which includes all items except food and energy, rose 1.6% for the twelve months ended December 31, 2020. The Federal Reserve reduced the federal funds target rate twice in March, lowering the key short-term interest-rate measure to 0.00%–0.25%.
The U.S. stock market, as measured by the Russell 3000 Index, saw steep losses during the first months of the pandemic but rallied to an overall gain for the twelve months. Growth stocks outpaced value shares, and large-cap stocks surpassed small- and mid-cap shares. (Returns by investment style and capitalization size are based on the Russell indexes.)
Information technology drove the benchmark’s gain
Seven of the eleven industry sectors in the Russell 3000 Index advanced for the twelve months. Information technology (up 46.1%)—the benchmark’s largest sector—contributed more than one-half of the index’s return. Consumer discretionary (up 46.9%), health care (up 19.0%) and communication services (up 25.8%) were the next-largest contributors. Together, these four sectors represented more than 60.0% of the benchmark’s total market capitalization on December 31, 2020. Energy (down 33.3%) was the worst-performing sector amid a sharp decline in oil prices. Financials (down 2.2%) was the largest detractor, hurt by concerns about banks’ profitability in the low interest-rate environment.
For the twelve-month period, all of the five largest stocks in the Russell 3000 Index posted sizeable gains that exceeded the overall return of the benchmark. Apple led the way, benefiting from strong sales of laptop and tablet computers, followed by Amazon.com, which helped supply essential products as people sheltered in place during the pandemic. Next in line were Microsoft, Facebook and Alphabet (the parent company of Google).
TIAA Separate Account VA-1 ◾ 2020 Annual Report 7
Stock Index Account
Performance as of December 31, 2020
Total return | Average annual total return | |||||||||||||||||
Inception date | 1 year | 5 years | 10 years | |||||||||||||||
Stock Index Account | 11/1/94 | 19.96 | % | 14.59 | % | 12.97 | % | |||||||||||
Russell 3000® Index | — | 20.89 | 15.43 | 13.79 |
The returns in this report show past performance, which is no guarantee of future results. 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 accumulation units. For current performance information, including performance to the most recent month-end, please visit TIAA.org. The Account’s performance reflects a fee waiver, which is currently in place. Without such waiver, the expenses of the Account would have been higher and its performance lower.
You cannot invest directly in any index. Index returns do not include a deduction for fees or expenses.
Ending amounts are as of December 31, 2020. For the purpose of comparison, the graph also shows the change in the value of the Account’s benchmark during the same period.
8 2020 Annual Report ◾ TIAA Separate Account VA-1
Stock Index Account
Portfolio composition
Sector | % of net assets as of 12/31/2020 | |||
Information technology | 27.0 | |||
Health care | 13.9 | |||
Consumer discretionary | 12.3 | |||
Financials | 10.7 | |||
Communication services | 9.8 | |||
Industrials | 9.2 | |||
Consumer staples | 5.9 | |||
Real estate | 3.2 | |||
Materials | 2.8 | |||
Utilities | 2.6 | |||
Energy | 2.1 | |||
Short-term investments, other assets & liabilities, net | 0.5 | |||
Total | 100.0 | |||
Holdings by company size
| ||||
Market capitalization | % of equity investments as of 12/31/2020 | |||
More than $50 billion | 64.3 | |||
More than $15 billion–$50 billion | 19.6 | |||
More than $2 billion–$15 billion | 13.8 | |||
$2 billion or less | 2.3 | |||
Total | 100.0 |
TIAA Separate Account VA-1 ◾ 2020 Annual Report 9
Summary portfolio of investments |
Stock Index Account § December 31, 2020
Shares | Company | Value (000) | % of net assets | |||||||||||||
COMMON STOCKS | ||||||||||||||||
AUTOMOBILES & COMPONENTS | ||||||||||||||||
24,032 | * | Tesla, Inc | $ | 16,959 | 1.4 | % | ||||||||||
Other | 6,231 | 0.5 | ||||||||||||||
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23,190 | 1.9 | |||||||||||||||
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BANKS | ||||||||||||||||
245,855 | Bank of America Corp | 7,452 | 0.6 | |||||||||||||
96,293 | JPMorgan Chase & Co | 12,236 | 1.0 | |||||||||||||
Other | 29,867 | 2.5 | ||||||||||||||
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49,555 | 4.1 | |||||||||||||||
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CAPITAL GOODS | ||||||||||||||||
22,313 | Honeywell International, Inc | 4,746 | 0.4 | |||||||||||||
Other | 69,235 | 5.7 | ||||||||||||||
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73,981 | 6.1 | |||||||||||||||
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COMMERCIAL & PROFESSIONAL SERVICES | 13,350 | 1.1 | ||||||||||||||
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CONSUMER DURABLES & APPAREL | ||||||||||||||||
38,627 | Nike, Inc (Class B) | 5,465 | 0.5 | |||||||||||||
Other | 12,868 | 1.0 | ||||||||||||||
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18,333 | 1.5 | |||||||||||||||
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CONSUMER SERVICES | ||||||||||||||||
23,641 | McDonald’s Corp | 5,073 | 0.4 | |||||||||||||
Other | 19,180 | 1.6 | ||||||||||||||
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24,253 | 2.0 | |||||||||||||||
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DIVERSIFIED FINANCIALS | ||||||||||||||||
59,779 | * | Berkshire Hathaway, Inc (Class B) | 13,861 | 1.2 | ||||||||||||
Other | 41,372 | 3.4 | ||||||||||||||
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55,233 | 4.6 | |||||||||||||||
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ENERGY | ||||||||||||||||
61,435 | Chevron Corp | 5,188 | 0.4 | |||||||||||||
134,549 | Exxon Mobil Corp | 5,546 | 0.5 | |||||||||||||
Other | 15,234 | 1.2 | ||||||||||||||
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25,968 | 2.1 | |||||||||||||||
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FOOD & STAPLES RETAILING | ||||||||||||||||
14,085 | Costco Wholesale Corp | 5,307 | 0.5 | |||||||||||||
44,260 | Walmart, Inc | 6,380 | 0.5 | |||||||||||||
Other | 4,118 | 0.3 | ||||||||||||||
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15,805 | 1.3 | |||||||||||||||
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FOOD, BEVERAGE & TOBACCO | ||||||||||||||||
122,866 | Coca-Cola Co | 6,738 | 0.6 | |||||||||||||
44,053 | PepsiCo, Inc | 6,533 | 0.5 | |||||||||||||
Other | 22,774 | 1.9 | ||||||||||||||
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36,045 | 3.0 | |||||||||||||||
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|
10 | 2020 Annual Report § TIAA Separate Account VA-1 | See notes to financial statements |
Summary portfolio of investments | continued |
Stock Index Account § December 31, 2020
Shares | Company | Value (000) | % of net assets | |||||||||||||
HEALTH CARE EQUIPMENT & SERVICES | ||||||||||||||||
55,172 | Abbott Laboratories | $ | 6,041 | 0.5 | % | |||||||||||
42,796 | Medtronic plc | 5,013 | 0.4 | |||||||||||||
30,006 | UnitedHealth Group, Inc | 10,522 | 0.9 | |||||||||||||
Other | 56,328 | 4.6 | ||||||||||||||
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77,904 | 6.4 | |||||||||||||||
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HOUSEHOLD & PERSONAL PRODUCTS | ||||||||||||||||
77,398 | Procter & Gamble Co | 10,769 | 0.9 | |||||||||||||
Other | 8,129 | 0.7 | ||||||||||||||
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18,898 | 1.6 | |||||||||||||||
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INSURANCE | 24,741 | 2.0 | ||||||||||||||
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MATERIALS | 34,170 | 2.8 | ||||||||||||||
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MEDIA & ENTERTAINMENT | ||||||||||||||||
9,557 | * | Alphabet, Inc (Class A) | 16,750 | 1.4 | ||||||||||||
9,246 | * | Alphabet, Inc (Class C) | 16,198 | 1.3 | ||||||||||||
143,894 | Comcast Corp (Class A) | 7,540 | 0.6 | |||||||||||||
76,346 | * | Facebook, Inc | 20,855 | 1.7 | ||||||||||||
13,568 | * | Netflix, Inc | 7,337 | 0.6 | ||||||||||||
57,573 | * | Walt Disney Co | 10,431 | 0.9 | ||||||||||||
Other | 21,892 | 1.8 | ||||||||||||||
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101,003 | 8.3 | |||||||||||||||
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PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | ||||||||||||||||
56,264 | AbbVie, Inc | 6,029 | 0.5 | |||||||||||||
72,272 | Bristol-Myers Squibb Co | 4,483 | 0.4 | |||||||||||||
26,886 | Eli Lilly & Co | 4,539 | 0.4 | |||||||||||||
83,812 | Johnson & Johnson | 13,190 | 1.1 | |||||||||||||
80,677 | Merck & Co, Inc | 6,599 | 0.5 | |||||||||||||
177,644 | Pfizer, Inc | 6,539 | 0.5 | |||||||||||||
12,571 | Thermo Fisher Scientific, Inc | 5,855 | 0.5 | |||||||||||||
Other | 43,439 | 3.6 | ||||||||||||||
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90,673 | 7.5 | |||||||||||||||
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REAL ESTATE | 38,224 | 3.2 | ||||||||||||||
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RETAILING | ||||||||||||||||
13,482 | * | Amazon.com, Inc | 43,910 | 3.6 | ||||||||||||
34,143 | Home Depot, Inc | 9,069 | 0.7 | |||||||||||||
Other | 31,318 | 2.6 | ||||||||||||||
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84,297 | 6.9 | |||||||||||||||
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SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | ||||||||||||||||
12,455 | Broadcom, Inc | 5,453 | 0.5 | |||||||||||||
130,187 | Intel Corp | 6,486 | 0.5 | |||||||||||||
18,812 | NVIDIA Corp | 9,824 | 0.8 | |||||||||||||
35,960 | QUALCOMM, Inc | 5,478 | 0.5 | |||||||||||||
29,142 | Texas Instruments, Inc | 4,783 | 0.4 | |||||||||||||
Other | 26,089 | 2.1 | ||||||||||||||
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58,113 | 4.8 | |||||||||||||||
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See notes to financial statements | TIAA Separate Account VA-1 § 2020 Annual Report | 11 |
Summary portfolio of investments | continued |
Stock Index Account § December 31, 2020
Shares | Company | Value (000) | % of net assets | |||||||||||||
SOFTWARE & SERVICES | ||||||||||||||||
20,254 | Accenture plc | $ | 5,291 | 0.5 | % | |||||||||||
15,314 | * | Adobe, Inc | 7,659 | 0.6 | ||||||||||||
28,078 | Mastercard, Inc (Class A) | 10,022 | 0.8 | |||||||||||||
238,136 | Microsoft Corp | 52,966 | 4.4 | |||||||||||||
37,444 | * | PayPal Holdings, Inc | 8,769 | 0.7 | ||||||||||||
27,807 | * | salesforce.com, Inc | 6,188 | 0.5 | ||||||||||||
53,665 | Visa, Inc (Class A) | 11,738 | 1.0 | |||||||||||||
Other | 76,633 | 6.3 | ||||||||||||||
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179,266 | 14.8 | |||||||||||||||
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TECHNOLOGY HARDWARE & EQUIPMENT | ||||||||||||||||
513,081 | d | Apple, Inc | 68,081 | 5.6 | ||||||||||||
134,671 | Cisco Systems, Inc | 6,026 | 0.5 | |||||||||||||
Other | 16,087 | 1.3 | ||||||||||||||
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90,194 | 7.4 | |||||||||||||||
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TELECOMMUNICATION SERVICES | ||||||||||||||||
226,757 | AT&T, Inc | 6,521 | 0.6 | |||||||||||||
131,595 | Verizon Communications, Inc | 7,731 | 0.6 | |||||||||||||
Other | 3,969 | 0.3 | ||||||||||||||
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18,221 | 1.5 | |||||||||||||||
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TRANSPORTATION | ||||||||||||||||
21,575 | Union Pacific Corp | 4,492 | 0.4 | |||||||||||||
Other | 19,894 | 1.6 | ||||||||||||||
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24,386 | 2.0 | |||||||||||||||
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UTILITIES | ||||||||||||||||
62,507 | NextEra Energy, Inc | 4,822 | 0.4 | |||||||||||||
Other | 27,308 | 2.2 | ||||||||||||||
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32,130 | 2.6 | |||||||||||||||
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TOTAL COMMON STOCKS | (Cost $383,910) | 1,207,933 | 99.5 | |||||||||||||
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12 | 2020 Annual Report § TIAA Separate Account VA-1 | See notes to financial statements |
Summary portfolio of investments | concluded |
Stock Index Account § December 31, 2020
Principal | Issuer | Value (000) | % of net assets | |||||||||||||
SHORT-TERM INVESTMENTS | ||||||||||||||||
GOVERNMENT AGENCY DEBT | $ | 1,172 | 0.1 | % | ||||||||||||
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TREASURY DEBT | 3,730 | 0.3 | ||||||||||||||
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Shares |
| Company | ||||||||||||||
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES | ||||||||||||||||
3,718,132 | c | State Street Navigator Securities Lending Government Money Market Portfolio | 0.080% | 3,718 | 0.3 | |||||||||||
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| |||||||||||||||
TOTAL SHORT-TERM INVESTMENTS | (Cost $8,620) | 8,620 | 0.7 | |||||||||||||
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TOTAL PORTFOLIO | (Cost $392,530) | 1,216,553 | 100.2 | |||||||||||||
OTHER ASSETS & LIABILITIES, NET | (2,993 | ) | (0.2 | ) | ||||||||||||
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| |||||||||||||||
NET ASSETS | $ | 1,213,560 | 100.0 | % | ||||||||||||
|
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* | Non-income producing |
c | Investments made with cash collateral received from securities on loan. |
d | All or a portion of these securities have been segregated to cover margin requirements on open futures contracts. |
“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 12/31/20, the aggregate value of securities on loan is $5,497,875. See Note 4 in the Notes to Financial Statements for additional information about securities lending collateral.
Cost amounts are in thousands.
For ease of presentation, a number of classification categories have been grouped together in the Summary portfolio of investments. Note that the Account uses more specific categories in following its investment limitations on investment concentrations.
Futures contracts outstanding as of December 31, 2020 were as follows (notional amounts and values are in thousands):
Description | Number of contracts | Expiration date | Notional amount | Value | Unrealized appreciation (depreciation) | |||||||||||||||
| ||||||||||||||||||||
S&P 500 E Mini Index | 20 | 03/19/21 | $ | 3,665 | $ | 3,749 | $ | 84 | ||||||||||||
|
See notes to financial statements | TIAA Separate Account VA-1 § 2020 Annual Report | 13 |
Statement of assets and liabilities |
TIAA Separate Account VA-1 § December 31, 2020
(amounts in thousands, except accumulation unit value) | Stock Index Account | |||
| ||||
ASSETS | ||||
Portfolio investments, at value*† | $ | 1,216,553 | ||
Dividends and interest receivable | 912 | |||
Receivable from securities transactions | 4 | |||
Receivable for variation margin on futures contracts | 84 | |||
Other | 237 | |||
| ||||
Total assets | 1,217,790 | |||
| ||||
LIABILITIES | ||||
Investment management fees payable | 5 | |||
Service agreement fees payable | 7 | |||
Payable for collateral for securities loaned | 3,718 | |||
Due to affiliates | 237 | |||
Overdraft payable | 53 | |||
Payable for manager compensation | 197 | |||
Other | 13 | |||
| ||||
Total liabilities | 4,230 | |||
| ||||
NET ASSETS | ||||
Accumulation Fund | $ | 1,213,560 | ||
| ||||
Accumulation units outstanding | 4,051 | |||
| ||||
Accumulation unit value | $ | 299.54 | ||
| ||||
* Portfolio investments, at cost | $ | 392,530 | ||
† Includes securities loaned of | $ | 5,498 |
14 | 2020 Annual Report § TIAA Separate Account VA-1 | See notes to financial statements |
Statements of operations |
TIAA Separate Account VA-1 § For the year ended December 31, 2020
(amounts in thousands) | Stock Index Account | |||
| ||||
INVESTMENT INCOME | ||||
Dividends* | $ | 18,265 | ||
Income from securities lending | 121 | |||
Interest | 19 | |||
Other | 2 | |||
| ||||
Total income | 18,407 | |||
| ||||
EXPENSES | ||||
Administrative services | 2,111 | |||
Investment advisory | 3,167 | |||
Mortality and expense risk charges | 4,223 | |||
| ||||
Total expenses | 9,501 | |||
Less: Expense waiver by investment adviser | (1,584 | ) | ||
| ||||
Net expenses | 7,917 | |||
| ||||
Net investment income (loss) | 10,490 | |||
| ||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON TOTAL INVESTMENTS |
| |||
Realized gain (loss): | ||||
Portfolio investments | 65,438 | |||
Futures contracts | (216 | ) | ||
| ||||
Net realized gain (loss) on total investments | 65,222 | |||
| ||||
Change in unrealized appreciation (depreciation) on: | ||||
Portfolio investments | 126,344 | |||
Futures contracts | 69 | |||
| ||||
Net change in unrealized appreciation (depreciation) on total investments | 126,413 | |||
| ||||
Net realized and unrealized gain (loss) on total investments | 191,635 | |||
| ||||
Net increase (decrease) in net assets from operations | $ | 202,125 | ||
| ||||
* Net of foreign withholding taxes | $ | 2 |
See notes to financial statements | TIAA Separate Account VA-1 § 2020 Annual Report | 15 |
Statements of changes in net assets |
TIAA Separate Account VA-1 § For the year ended
Stock Index Account | ||||||||
(amounts in thousands except accumulation units) | December 31, 2020 | December 31, 2019 | ||||||
| ||||||||
OPERATIONS | ||||||||
Net investment income (loss) | $ | 10,490 | $ | 14,042 | ||||
Net realized gain (loss) on total investments | 65,222 | 55,939 | ||||||
Net change in unrealized appreciation (depreciation) on total investments | 126,413 | 197,517 | ||||||
| ||||||||
Net increase (decrease) in net assets from operations | 202,125 | 267,498 | ||||||
| ||||||||
FROM CONTRACTOWNER TRANSACTIONS | ||||||||
Premiums | 21,386 | 12,543 | ||||||
Withdrawals and death benefits | (113,693 | ) | (98,257 | ) | ||||
| ||||||||
Net increase (decrease) from contractowner transactions | (92,307 | ) | (85,714 | ) | ||||
| ||||||||
Net increase (decrease) in net assets | 109,818 | 181,784 | ||||||
NET ASSETS | ||||||||
Beginning of period | 1,103,742 | 921,958 | ||||||
| ||||||||
End of period | $ | 1,213,560 | $ | 1,103,742 | ||||
| ||||||||
ACCUMULATION UNITS | ||||||||
Units purchased | 92 | 57 | ||||||
Units sold / transferred | (461 | ) | (436 | ) | ||||
Outstanding | ||||||||
Beginning of period | 4,420 | 4,799 | ||||||
| ||||||||
End of period | $ | 4,051 | 4,420 | |||||
|
16 | 2020 Annual Report § TIAA Separate Account VA-1 | See notes to financial statements |
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TIAA Separate Account VA-1 § 2020 Annual Report | 17 |
Financial highlights |
TIAA Separate Account VA-1
Selected per accumulation unit data | ||||||||||||||||||||||||||||||||
Gain (loss) from investment operations | ||||||||||||||||||||||||||||||||
For the year ended | Investment incomea | Expensesa | Net investment income (loss)a | Net realized on total | Net change in accumulation unit value | Accumulation unit value beginning of period | ||||||||||||||||||||||||||
STOCK INDEX ACCOUNT |
| |||||||||||||||||||||||||||||||
12/31/20 | $ | 4.350 | $ | 1.873 | $ | 2.477 | $ | 47.363 | $ | 49.840 | $ | 249.700 | ||||||||||||||||||||
12/31/19 | 4.722 | 1.684 | 3.038 | 54.564 | 57.602 | 192.098 | ||||||||||||||||||||||||||
12/31/18 | 4.501 | 1.580 | 2.921 | (14.924 | ) | (12.003 | ) | 204.101 | ||||||||||||||||||||||||
12/31/17 | 3.613 | 1.395 | 2.218 | 32.114 | 34.332 | 169.769 | ||||||||||||||||||||||||||
12/31/16 | 3.387 | 1.173 | 2.214 | 15.947 | 18.161 | 151.608 |
a | Based on average units outstanding. |
b | Based on per accumulation unit data. |
18 | 2020 Annual Report § TIAA Separate Account VA-1 | See notes to financial statements |
| Ratios and supplemental data | |||||||||||||||||||||||||||||||||
Ratios to average net assets | ||||||||||||||||||||||||||||||||||
Accumulation unit value end of period | Total returnb | Gross expenses | Net expenses | Net investment income (loss) | Portfolio turnover rate | Accumulation units outstanding end of period (in millions) | Net assets at the end of period (in millions) | |||||||||||||||||||||||||||
$299.540 | 19.96 | % | 0.90 | % | 0.75 | % | 0.99 | % | 3 | % | 4 | $ | 1,214 | |||||||||||||||||||||
249.700 | 29.99 | 0.90 | 0.75 | 1.35 | 2 | 4 | 1,104 | |||||||||||||||||||||||||||
192.098 | (5.88 | ) | 0.90 | 0.75 | 1.39 | 3 | 5 | 922 | ||||||||||||||||||||||||||
204.101 | 20.22 | 0.90 | 0.75 | 1.19 | 5 | 5 | 1,060 | |||||||||||||||||||||||||||
169.769 | 11.98 | 0.90 | 0.75 | 1.42 | 7 | 6 | 952 |
See notes to financial statements | TIAA Separate Account VA-1 § 2020 Annual Report | 19 |
Notes to financial statements |
TIAA Separate Account VA-1
Note 1—organization
TIAA Separate Account VA-1 (“VA-1”) is a segregated investment account of Teachers Insurance and Annuity Association of America (“TIAA”) and is organized under the insurance laws of the State of New York for the purpose of issuing and funding individual variable annuity contracts. The variable annuity contracts were issued by TIAA. VA-1 is registered with the U.S. Securities and Exchange Commission (“SEC”) as an open-end management investment company under the Investment Company Act of 1940, as amended (“1940 Act”). VA-1 consists of a single investment portfolio, the Stock Index Account (“Account”).
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 Account 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 accumulation unit value (“AUV”) for financial reporting purposes may differ from the AUV for processing transactions. The AUV for financial reporting purposes includes security and contractowner transactions through the date of the report. Total return is computed based on the AUV used for processing transactions. The following is a summary of the significant accounting policies consistently followed by the Account.
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 Account determines 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 Account estimates the components of distributions received that may be considered return of capital distributions or capital gain distributions.
Foreign currency transactions and translation: The books and records of the Account 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.
20 | 2020 Annual Report § TIAA Separate Account VA-1 |
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 Account and the amounts actually received and are recognized as a component of “Net realized gain (loss) from investments and foreign currency” 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) of investments and foreign currency” on the Statement 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 “Change in net unrealized appreciation (depreciation)” on the Statement of operations, when applicable.
Management committee compensation: The members of the Management Committee (“Committee”), all of whom are independent, receive certain remuneration for their services, plus travel and other expenses. Managers may elect to participate in a deferred compensation plan and defer all or a portion of their compensation. In addition, managers participate in a long-term compensation plan. Amounts deferred are retained by the Account until paid. Amounts payable to the managers for compensation are included in the accompanying Statement of assets and liabilities. Managers’ fees, including any deferred and long-term compensation incurred, are reflected in the Statement of operations.
Indemnification: In the normal course of business, the Account enters into contracts that contain a variety of representations and warranties and that provide general indemnities. The Account’s maximum exposure under these arrangements is unknown, as this would involve future claims against the Account that have not yet occurred. Also, under the Account’s organizational documents, the managers and officers of the Account are indemnified against certain liabilities that may arise out of their duties to the Account. However, based on experience, the Account expects the risk of loss due to these warranties and indemnities to be unlikely.
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
TIAA Separate Account VA-1 § 2020 Annual Report | 21 |
Notes to financial statements |
impacts the Account’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 accounting pronouncements: 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 at the end of 2021, when participating banks will no longer be required to submit London Interbank Offered Rate (LIBOR) quotes by the UK Financial Conduct Authority (FCA). The new guidance allows companies to, provided the only changes 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 Account may elect to apply the optional expedients as of March 12, 2020 through December 31, 2022. Management has not yet elected to apply the optional expedients, but is currently assessing the impact of the ASU’s adoption to the Account’s financial statements and various filings.
New rule issuance: In December 2020, the SEC voted to adopt a new rule providing a framework for fund valuation practices. New Rule 2a-5 (“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 boards, subject to board oversight and certain other conditions, to designate certain parties to perform fair value determinations. Rule 2a-5 also defines when market quotations are “readily available” for purposes of the 1940 Act and the threshold for determining whether a fund must fair value a security. The SEC also adopted new Rule 31a-4 (“Rule 31a-4”), which provides the recordkeeping requirements associated with fair value determinations. Finally, the SEC is rescinding previously issued guidance on related issues, including the role of the 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. The compliance date for Rule 2a-5 and Rule 31a-4 is 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 Account’s financial statements and various filings.
Note 3—valuation of investments
The Account’s investments in securities are recorded at their estimated fair value utilizing valuation methods approved by the Committee. 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
22 | 2020 Annual Report § TIAA Separate Account VA-1 |
continued |
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 Account’s major classifications of assets and liabilities measured at fair value follows:
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 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 Account’s net assets are calculated, such securities will be valued at fair value in accordance with procedures adopted by the Committee. These foreign securities are generally classified as Level 2.
Debt securities: Prices of fixed-income securities are provided by an independent pricing service (“pricing service”) approved by the Committee. 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
TIAA Separate Account VA-1 § 2020 Annual Report | 23 |
Notes to financial statements |
about a security, its issuer or market activity, provided by Teachers Advisors, LLC (“Advisors”). These 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.
Futures contracts: Futures contracts are valued using the closing settlement price and are generally classified as Level 1.
Any portfolio security for which market quotations are not readily available or for which the above valuation procedures are deemed not to reflect fair value are valued at fair value, as determined in good faith using procedures approved by the Committee. 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 Account’s investments as of December 31, 2020, based on the inputs used to value them (dollar amounts are in thousands):
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Equity investments: | ||||||||||||||||
Health care | $ | 168,575 | $ | — | $ | 2 | $ | 168,577 | ||||||||
Industrials | 111,716 | — | 1 | 111,717 | ||||||||||||
All other equity investments* | 927,639 | — | — | 927,639 | ||||||||||||
Short-term investments | 3,718 | 4,902 | — | 8,620 | ||||||||||||
Futures contracts** | 84 | — | — | 84 | ||||||||||||
Total | $ | 1,211,732 | $ | 4,902 | $ | 3 | $ | 1,216,637 |
* | For detailed categories, see the accompanying Summary portfolio of investments. |
** | Derivative instruments are not reflected in the market value of portfolio investments. |
Note 4—investments
Restricted securities: Restricted securities held by the Account, 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.
24 | 2020 Annual Report § TIAA Separate Account VA-1 |
continued |
Securities lending: The Account may lend its securities to qualified institutional borrowers to earn additional income. The Account 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 Account the next business day. Cash collateral received by the Account will generally be invested in high-quality short-term instruments or in one or 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 Statement of assets and liabilities. Non-cash collateral is not disclosed in the Account’s Statement of assets and liabilities as it is held by the lending agent on behalf of the Account, and the Account does not have the ability to sell or re-hypothecate those securities. As of December 31, 2020, securities lending transactions are for equity securities, and the resulting loans are continuous, can be recalled at any time, and have no set maturity. Securities lending income recognized by the Account 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 Statement of operations. In lending its securities, the Account 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 Account. 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 Account if at the time of a default by a borrower some or all of the loan securities have not been returned.
At December 31, 2020, the total value of securities on loan and the total value of collateral received were as follows (dollar amounts are in thousands):
Aggregate value of securities on loan | Cash collateral received* | Non-cash collateral received | Total collateral received | |||||||||||
$5,498 | $ | 3,718 | $ | 2,022 | $ | 5,740 |
*May | include cash and investment of cash collateral. |
Purchases and sales: Purchases and sales of securities (other than short-term instruments) for the Account for the year ended December 31, 2020 were as follows (dollar amounts are in thousands):
Non-U.S. government purchases | Non-U.S. government sales | |||
$27,266 | $ | 107,324 |
TIAA Separate Account VA-1 § 2020 Annual Report | 25 |
Notes to financial statements |
Note 5—derivative investments
The Account 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 Account records derivative instruments at fair value, with changes in fair value recognized on the Statement of operations.
At December 31, 2020, the Account has invested in derivative contracts which are reflected in the Statement of assets and liabilities as follows (dollar amounts are in thousands):
Asset derivatives | ||||||||
Derivative contracts | Location | Fair value amount | ||||||
Equity contracts | Futures contracts | $ | 84 |
For the year ended December 31, 2020, the effect of derivative contracts on the Account’s Statement of operations was as follows (dollar amounts are in thousands):
Derivative contracts | Location | Realized gain (loss) | Change in unrealized appreciation (depreciation) | |||||||||
Equity contracts | Futures contracts | $ | (216 | ) | $ | 69 |
Futures contracts: The Account is subject to equity price risk in the normal course of pursuing its investment objectives. The Account uses futures contracts to manage exposure to the equity markets and for cash management purposes to remain highly invested in these markets while minimizing transaction costs. 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 Account 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 December 31, 2020, the Account had exposure to equity futures contracts, based on underlying notional values, generally between 0% and 1% of net assets. The futures contracts outstanding as of December 31, 2020 are disclosed in the Summary portfolio of investments and the full Schedule of investments.
26 | 2020 Annual Report § TIAA Separate Account VA-1 |
continued |
Note 6—Income tax and other tax matters
Income taxes: VA-1 is a separate account of TIAA, which is taxed as a life insurance company under Subchapter L of the Internal Revenue Code. VA-1 should incur no federal income tax liability. Under the rules of taxation applicable to life insurance companies, VA-1’s Accumulation Account for contractowners will generally be treated as life insurance reserves; therefore, any increase in such reserves will be deductible. The Account files, as a component of the TIAA tax return, a U.S. Federal income tax return. The Account also files income tax returns in applicable state and local jurisdictions. The Account’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 Account’s tax positions taken for all open income tax years and has concluded that no provision for income tax is required in the Account’s financial statements.
Foreign taxes: The Account may be subject to foreign taxes on income, gains on investments or currency repatriation, a portion of which may be recoverable. The Account 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 Account invests.
Net unrealized appreciation (depreciation): At December 31, 2020, net unrealized appreciation (depreciation) based on the aggregate cost of all investments for federal income tax purposes, consisting of gross unrealized appreciation and gross unrealized depreciation, was as follows (dollar amounts are in thousands):
Account | Tax cost | Gross unrealized appreciation | Gross unrealized (depreciation) | Net unrealized appreciation (depreciation) | ||||||||||||
Stock Index VA-1 | $ | 392,614 | $ | 856,833 | $ | (32,810 | ) | $ | 824,023 |
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.
Note 7—investment adviser and affiliates
Advisors, a wholly owned subsidiary of TIAA and a registered investment adviser, provides investment advisory services for VA-1 pursuant to an Investment Management Agreement among TIAA, Advisors and VA-1. TIAA provides all administrative services for VA-1 pursuant to an Administrative Services Agreement with VA-1. The contracts are distributed by TIAA-CREF Individual & Institutional Services, LLC (“Services”). Services is a wholly owned subsidiary of TIAA. The Investment Management Agreement sets the investment advisory charge at an
TIAA Separate Account VA-1 § 2020 Annual Report | 27 |
Notes to financial statements |
annual rate of 0.30% of the average daily net assets of the Account. Advisors has agreed to voluntarily waive a portion of such fee, so that the daily deduction is equivalent to an annual charge of 0.15% of the average daily net assets of the Account.
The Administrative Services Agreement sets the administrative expense charge at an annual rate of 0.20% of the average daily net assets of the Account. TIAA also imposes a daily charge for bearing certain mortality and expense risks in connection with the contracts, equivalent to an annual rate of 0.40% of the average daily net assets of the Account. Although TIAA reserves the right to increase the Account’s mortality and expense risk charge to a maximum of 1.00% per year, the total expense ratio will never exceed 1.50% per year. TIAA pays death benefits to beneficiaries when an annuitant dies during the accumulation period or during the annuity period while payments are still due for the remainder of a guaranteed period, if any.
The Account may purchase or sell investment securities in transactions with affiliated entities under procedures adopted by the Committee, pursuant to the 1940 Act. These transactions are effected at market rates without incurring broker commissions. For the year ended December 31, 2020, these transactions did not materially impact the Account.
Note 8—inter-fund lending program
Pursuant to an exemptive order issued by the SEC, the Account may participate in an inter-fund lending program. This program allows the Account to lend cash to and/or borrow cash from certain affiliated registered investment companies 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 Account 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 Account may participate in the program only if its participation is consistent with the Account’s investment policies and limitations and authorized by its portfolio manager(s). During the year ended December 31, 2020, there were no inter-fund borrowing or lending transactions.
Note 9—line of credit
The Account participates in a $1 billion unsecured revolving credit facility that can be used for temporary purposes, including, without limitation, the funding of contractowner withdrawals. 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
28 | 2020 Annual Report § TIAA Separate Account VA-1 |
concluded |
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 Account is not liable for borrowings under the facility by other affiliated accounts or mutual funds. For the year ended December 31, 2020, there were no borrowings under this credit facility by the Account.
Note 10—legal proceedings
The Account was named as defendant and a putative member of the proposed defendant class of shareholders, or could be added as a defendant, in pending litigation by the Bankruptcy Litigation Trustee for the Tribune Company (Tribune) as a result of its ownership of shares of Tribune in 2007 when Tribune effected a leveraged buyout transaction (LBO) and was converted to a privately held company. The plaintiffs in that litigation seek to recover payments of the proceeds of the LBO. The litigation is now part of a multi-district litigation proceeding in the Southern District of New York and the Second Court of Appeals. The Account’s exposure related to this matter is estimated to be 0.05% of net assets as of December 31, 2020.
TIAA Separate Account VA-1 § 2020 Annual Report | 29 |
Report of independent registered public accounting firm
To the Management Committee and Contractowners of the Stock Index Account of TIAA Separate Account VA-1
Opinion on the Financial Statements
We have audited the accompanying statement of assets and liabilities, including the summary portfolio of investments, of Stock Index Account of TIAA Separate Account VA-1, (the “Account”) as of December 31, 2020, the related statement of operations for the year ended December 31, 2020, the statement of changes in net assets for each of the two years in the period ended December 31, 2020, including the related notes, and the financial highlights for each of the five years in the period ended December 31, 2020 (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Account as of December 31, 2020, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period ended December 31, 2020 and the financial highlights for each of the five years in the period ended December 31, 2020 in conformity with accounting principles generally accepted in the United States of America.
Basis for Opinion
These financial statements are the responsibility of the Account’s management. Our responsibility is to express an opinion on the Account’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 Account 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 December 31, 2020 by correspondence with the custodian, and brokers; when replies were not received from brokers, we
30 | 2020 Annual Report § IAA Separate Account VA-1 |
performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinion.
/s/ PricewaterhouseCoopers LLP
Baltimore, Maryland
February 19, 2021
We have served as the auditor of one or more investment companies in TIAA-CREF Funds’ investment company group since 2005.
TIAA Separate Account VA-1 § 2020 Annual Report | 31 |
Management committee members and officers (unaudited) |
TIAA Separate Account VA-1 § January 21, 2021
Members
Name, address and year of birth (“YOB”) | Position(s) held with account | Term of office and length of time served | Principal occupation(s) during past 5 years | Number of portfolios in fund complex overseen by manager | Other directorship(s) held by manager | |||||
Forrest Berkley c/o Corporate Secretary 730 Third Avenue New York, NY 10017-3206 YOB: 1954 | Manager | Indefinite term. Manager 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 | Manager | Indefinite term. Manager 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 | Manager | Indefinite term. Manager 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. |
32 | 2020 Annual Report § TIAA Separate Account VA-1 |
Nancy A. Eckl c/o Corporate Secretary 730 Third Avenue New York, NY 10017-3206 YOB: 1962 | Manager | Indefinite term. Manager 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 | Manager | Indefinite term. Manager 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 | Director, Copper Rock Capital Partners, LLC (investment adviser); 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 | Manager | Indefinite term. Manager 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 | Manager | Indefinite term. Manager since 2011. Chairman for term ending July 1, 2021. 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 | Manager | Indefinite term. Manager 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. |
TIAA Separate Account VA-1 § 2020 Annual Report | 33 |
Management committee members and officers (unaudited) | continued |
TIAA Separate Account VA-1 § January 21, 2021
Members—concluded
Name, address and year of birth (“YOB”) | Position(s) held with account | Term of office and length of time served | Principal occupation(s) during past 5 years | Number of portfolios in fund complex overseen by manager | Other directorship(s) held by manager | |||||
Maceo K. Sloan c/o Corporate Secretary 730 Third Avenue New York, NY 10017-3206 YOB: 1949 | Manager | Indefinite term. Manager 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 | Manager | Indefinite term. Manager 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. |
34 | 2020 Annual Report § TIAA Separate Account VA-1 |
Officers
Name, address and year of birth (“YOB”) | Position(s) held with account | 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. | |||
Roger W. Ferguson, Jr. TIAA 730 Third Avenue New York, NY 10017-3206 YOB: 1951 | President and Chief Executive Officer | One-year term. President and Chief Executive Officer since 2008. | President and Chief Executive Officer of TIAA, CREF, and TIAA Separate Account VA-1. | |||
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 , Nuveen Global Investments; and Senior Managing Director, President, Global Investments, TIAA. | |||
David Nason TIAA 730 Third Avenue 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. |
TIAA Separate Account VA-1 § 2020 Annual Report | 35 |
Management committee members and officers (unaudited) | concluded |
TIAA Separate Account VA-1 § January 21, 2021
Officers—concluded
Name, address and year of birth (“YOB”) | Position(s) held with account | Term of office and length of time served | Principal occupation(s) during past 5 years | |||
Phillip T. Rollock TIAA 730 Third Avenue 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. |
The Account’s Statement of Additional Information (SAI) includes additional information about the Account’s members and is available, without charge, through our website, TIAA.org, or by telephone at 800-223-1200.
36 | 2020 Annual Report § TIAA Separate Account VA-1 |
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You should carefully consider the investment objectives, risks, charges and expenses of any account before investing. For a prospectus that contains this and other information, please visit TIAA.org, or call 800-223-1200. 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. TIAA-CREF Individual & Institutional Services, LLC, member FINRA, distributes securities products. TIAA Separate Account VA-1 is issued by Teachers Insurance and Annuity Association of America (TIAA), New York, NY. Each of the foregoing is solely responsible for its own financial condition and contractual obligations.
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
730 Third Avenue New York, NY 10017-3206 |
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730 Third Avenue New York, NY 10017-3206 |
1453763 | A10845 (2/21) |
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 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 Management Committee 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 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 year ended December 31, 2020 and December 31, 2019 may not align with the figures reported and filed with the Securities and Exchange Commission in Form N-CEN or Form N-CSR for each period, respectively, (SEC File No. 811-08520) 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 December 31, 2020 and December 31, 2019, PwC’s aggregate fees for the audit of the Registrant’s annual financial statements were $55,375 and $54,827, respectively.
4(b) Audit Related Fees.
For the fiscal years ended December 31, 2020 and December 31, 2019, 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 December 31, 2020 and December 31, 2019, 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 December 31, 2020 and December 31, 2019, PwC’s aggregate fees for tax services billed to the Registrant were $0 and $1,550, respectively.
For the fiscal years ended December 31, 2020 and December 31, 2019, 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 December 31, 2020 and December 31, 2019, PwC’s aggregate fees for all other services billed to the Registrant were $1,994 and $3,028, respectively.
For the fiscal years ended December 31, 2020 and December 31, 2019, 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 December 31, 2020 and December 31, 2019 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 December 31, 2020 and December 31, 2019 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 December 31, 2020 and December 31, 2019 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 December 31, 2020 and December 31, 2019 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 December 31, 2020 and December 31, 2019 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 December 31, 2020 and December 31, 2019 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 December 31, 2020 and December 31, 2019, aggregate non-audit fees billed to the Registrant and to its Fund Service Providers by PwC were $343,000 and $367,000, 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 SEPARATE ACCOUNT VA-1 - Stock Index Account
TIAA SEPARATE ACCOUNT VA-1
STOCK INDEX ACCOUNT
SCHEDULE OF INVESTMENTS
December 31, 2020
SHARES | COMPANY | VALUE (000) | ||||||
COMMON STOCKS - 99.5% | ||||||||
AUTOMOBILES & COMPONENTS - 1.9% | ||||||||
2,457 | * | Adient plc | $ | 85 | ||||
3,248 | * | American Axle & Manufacturing Holdings, Inc | 27 | |||||
8,647 | Aptiv plc | 1,127 | ||||||
6,596 | BorgWarner, Inc | 255 | ||||||
1,678 | Cooper Tire & Rubber Co | 68 | ||||||
138 | * | Cooper-Standard Holding, Inc | 5 | |||||
4,034 | Dana Inc | 79 | ||||||
1,044 | * | Dorman Products, Inc | 91 | |||||
126,800 | Ford Motor Co | 1,115 | ||||||
1,312 | * | Fox Factory Holding Corp | 139 | |||||
40,132 | General Motors Co | 1,671 | ||||||
7,649 | Gentex Corp | 259 | ||||||
1,424 | * | Gentherm, Inc | 93 | |||||
7,178 | Goodyear Tire & Rubber Co | 78 | ||||||
4,645 | Harley-Davidson, Inc | 170 | ||||||
851 | LCI Industries, Inc | 110 | ||||||
1,758 | Lear Corp | 280 | ||||||
1,945 | * | Modine Manufacturing Co | 24 | |||||
670 | * | Motorcar Parts of America, Inc | 13 | |||||
687 | Patrick Industries, Inc | 47 | ||||||
843 | Standard Motor Products, Inc | 34 | ||||||
1,055 | * | Stoneridge, Inc | 32 | |||||
928 | * | Tenneco, Inc | 10 | |||||
24,032 | * | Tesla, Inc | 16,959 | |||||
1,790 | Thor Industries, Inc | 166 | ||||||
759 | * | Visteon Corp | 95 | |||||
1,185 | Winnebago Industries, Inc | 71 | ||||||
3,021 | *,e | Workhorse Group, Inc | 60 | |||||
518 | * | XPEL, Inc | 27 | |||||
|
| |||||||
TOTAL AUTOMOBILES & COMPONENTS | 23,190 | |||||||
|
| |||||||
BANKS - 4.1% | ||||||||
625 | 1st Source Corp | 25 | ||||||
255 | ACNB Corp | 6 | ||||||
444 | Allegiance Bancshares, Inc | 15 | ||||||
521 | Altabancorp | 15 | ||||||
667 | * | Amerant Bancorp Inc | 10 | |||||
374 | American National Bankshares, Inc | 10 | ||||||
2,080 | Ameris Bancorp | 79 | ||||||
387 | Ames National Corp | 9 | ||||||
437 | Arrow Financial Corp | 13 | ||||||
4,158 | Associated Banc-Corp | 71 | ||||||
706 | * | Atlantic Capital Bancshares, Inc | 11 | |||||
2,758 | Atlantic Union Bankshares Corp | 91 | ||||||
2,322 | * | Axos Financial, Inc | 87 | |||||
1,598 | Banc of California, Inc | 23 |
1
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
666 | Bancfirst Corp | $ | 39 | |||||
3,345 | BancorpSouth Bank | 92 | ||||||
178 | e | Bank First Corp | 12 | |||||
245,855 | Bank of America Corp | 7,452 | ||||||
601 | Bank of Commerce Holdings | 6 | ||||||
1,195 | Bank of Hawaii Corp | 92 | ||||||
468 | Bank of Marin Bancorp | 16 | ||||||
1,429 | Bank of NT Butterfield & Son Ltd | 44 | ||||||
4,451 | Bank OZK | 139 | ||||||
457 | BankFinancial Corp | 4 | ||||||
3,355 | BankUnited | 117 | ||||||
217 | Bankwell Financial Group, Inc | 4 | ||||||
317 | Banner Corp | 15 | ||||||
622 | Bar Harbor Bankshares | 14 | ||||||
385 | * | Baycom Corp | 6 | |||||
361 | BCB Bancorp, Inc | 4 | ||||||
227 | Berkshire Hills Bancorp, Inc | 4 | ||||||
1,053 | BOK Financial Corp | 72 | ||||||
3,231 | Boston Private Financial Holdings, Inc | 27 | ||||||
683 | Bridge Bancorp, Inc | 16 | ||||||
2,984 | Brookline Bancorp, Inc | 36 | ||||||
630 | Bryn Mawr Bank Corp | 19 | ||||||
313 | Business First Bancshares, Inc | 6 | ||||||
241 | Byline Bancorp, Inc | 4 | ||||||
131 | C&F Financial Corp | 5 | ||||||
3,579 | Cadence BanCorp | 59 | ||||||
135 | Cambridge Bancorp | 9 | ||||||
613 | Camden National Corp | 22 | ||||||
447 | Capital City Bank Group, Inc | 11 | ||||||
3,828 | Capitol Federal Financial | 48 | ||||||
314 | Capstar Financial Holdings, Inc | 5 | ||||||
550 | Carter Bankshares, Inc | 6 | ||||||
2,040 | Cathay General Bancorp | 66 | ||||||
654 | CBTX, Inc | 17 | ||||||
1,125 | Central Pacific Financial Corp | 21 | ||||||
383 | Central Valley Community Bancorp | 6 | ||||||
152 | Century Bancorp, Inc | 12 | ||||||
122 | Chemung Financial Corp | 4 | ||||||
2,767 | CIT Group, Inc | 99 | ||||||
66,201 | Citigroup, Inc | 4,082 | ||||||
533 | Citizens & Northern Corp | 11 | ||||||
14,386 | Citizens Financial Group, Inc | 514 | ||||||
194 | City Holding Co | 13 | ||||||
377 | Civista Bancshares, Inc | 7 | ||||||
498 | CNB Financial Corp | 11 | ||||||
376 | Codorus Valley Bancorp, Inc | 6 | ||||||
2,875 | Columbia Banking System, Inc | 103 | ||||||
1,738 | * | Columbia Financial, Inc | 27 | |||||
3,928 | Comerica, Inc | 219 | ||||||
3,398 | Commerce Bancshares, Inc | 223 | ||||||
1,925 | Community Bank System, Inc | 120 | ||||||
837 | Community Bankers Trust Corp | 6 | ||||||
153 | Community Financial Corp | 4 | ||||||
651 | Community Trust Bancorp, Inc | 24 |
2
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
1,146 | ConnectOne Bancorp, Inc | $ | 23 | |||||
1,466 | * | CrossFirst Bankshares, Inc | 16 | |||||
1,926 | Cullen/Frost Bankers, Inc | 168 | ||||||
1,005 | * | Customers Bancorp, Inc | 18 | |||||
4,043 | CVB Financial Corp | 79 | ||||||
1,325 | Dime Community Bancshares | 21 | ||||||
1,035 | Eagle Bancorp, Inc | 43 | ||||||
4,807 | East West Bancorp, Inc | 244 | ||||||
4,805 | * | Eastern Bankshares, Inc | 78 | |||||
314 | Enterprise Bancorp, Inc | 8 | ||||||
828 | Enterprise Financial Services Corp | 29 | ||||||
402 | * | Equity Bancshares, Inc | 9 | |||||
342 | ESSA Bancorp, Inc | 5 | ||||||
3,487 | Essent Group Ltd | 151 | ||||||
171 | Evans Bancorp, Inc | 5 | ||||||
356 | Farmers & Merchants Bancorp, Inc | 8 | ||||||
1,013 | Farmers National Banc Corp | 13 | ||||||
621 | FB Financial Corp | 22 | ||||||
384 | Federal Agricultural Mortgage Corp (FAMC) | 28 | ||||||
23,716 | Fifth Third Bancorp | 654 | ||||||
527 | Financial Institutions, Inc | 12 | ||||||
1,088 | First Bancorp (NC) | 37 | ||||||
6,201 | First Bancorp | 57 | ||||||
498 | First Bancorp, Inc | 13 | ||||||
322 | First Bancshares, Inc | 10 | ||||||
603 | First Bank | 6 | ||||||
1,476 | First Busey Corp | 32 | ||||||
360 | First Business Financial Services, Inc | 7 | ||||||
226 | First Citizens Bancshares, Inc (Class A) | 130 | ||||||
3,678 | First Commonwealth Financial Corp | 40 | ||||||
680 | First Community Bancshares, Inc | 15 | ||||||
2,544 | First Financial Bancorp | 45 | ||||||
4,582 | First Financial Bankshares, Inc | 166 | ||||||
384 | First Financial Corp | 15 | ||||||
1,098 | First Foundation, Inc | 22 | ||||||
178 | First Guaranty Bancshares, Inc | 3 | ||||||
4,467 | First Hawaiian, Inc | 105 | ||||||
18,403 | First Horizon National Corp | 235 | ||||||
228 | First Internet Bancorp | 7 | ||||||
951 | First Interstate Bancsystem, Inc | 39 | ||||||
1,580 | First Merchants Corp | 59 | ||||||
380 | First Mid-Illinois Bancshares, Inc | 13 | ||||||
2,629 | First Midwest Bancorp, Inc | 42 | ||||||
327 | First Northwest Bancorp | 5 | ||||||
862 | First of Long Island Corp | 15 | ||||||
5,668 | First Republic Bank | 833 | ||||||
890 | Flagstar Bancorp, Inc | 36 | ||||||
1,083 | Flushing Financial Corp | 18 | ||||||
9,554 | FNB Corp | 91 | ||||||
4,859 | Fulton Financial Corp | 62 | ||||||
903 | German American Bancorp, Inc | 30 | ||||||
2,999 | Glacier Bancorp, Inc | 138 | ||||||
412 | Great Southern Bancorp, Inc | 20 | ||||||
1,353 | Great Western Bancorp, Inc | 28 |
3
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
113 | Greene County Bancorp, Inc | $ | 3 | |||||
275 | Guaranty Bancshares, Inc | 8 | ||||||
1,830 | Hancock Whitney Corp | 62 | ||||||
1,297 | Hanmi Financial Corp | 15 | ||||||
728 | HarborOne Northeast Bancorp, Inc | 8 | ||||||
953 | Heartland Financial USA, Inc | 38 | ||||||
1,355 | Heritage Commerce Corp | 12 | ||||||
1,150 | Heritage Financial Corp | 27 | ||||||
2,919 | Hilltop Holdings, Inc | 80 | ||||||
57 | Hingham Institution for Savings | 12 | ||||||
238 | Home Bancorp, Inc | 7 | ||||||
4,557 | Home Bancshares, Inc | 89 | ||||||
698 | HomeStreet, Inc | 24 | ||||||
667 | HomeTrust Bancshares, Inc | 13 | ||||||
2,725 | Hope Bancorp, Inc | 30 | ||||||
1,209 | Horizon Bancorp | 19 | ||||||
323 | * | Howard Bancorp, Inc | 4 | |||||
34,331 | Huntington Bancshares, Inc | 434 | ||||||
1,238 | Independent Bank Corp (MA) | 90 | ||||||
863 | Independent Bank Corp (MI) | 16 | ||||||
1,089 | Independent Bank Group, Inc | 68 | ||||||
1,089 | International Bancshares Corp | 41 | ||||||
299 | Investar Holding Corp | 5 | ||||||
2,998 | Investors Bancorp, Inc | 32 | ||||||
96,293 | JPMorgan Chase & Co | 12,236 | ||||||
1,623 | Kearny Financial Corp | 17 | ||||||
30,011 | Keycorp | 492 | ||||||
1,629 | Lakeland Bancorp, Inc | 21 | ||||||
976 | Lakeland Financial Corp | 52 | ||||||
378 | LCNB Corp | 6 | ||||||
833 | Live Oak Bancshares, Inc | 40 | ||||||
4,010 | M&T Bank Corp | 510 | ||||||
1,072 | Macatawa Bank Corp | 9 | ||||||
640 | Mercantile Bank Corp | 17 | ||||||
573 | Merchants Bancorp | 16 | ||||||
1,997 | Meridian Bancorp, Inc | 30 | ||||||
1,035 | Meta Financial Group, Inc | 38 | ||||||
229 | * | Metropolitan Bank Holding Corp | 8 | |||||
10,835 | MGIC Investment Corp | 136 | ||||||
582 | Midland States Bancorp, Inc | 10 | ||||||
406 | MidWestOne Financial Group, Inc | 10 | ||||||
2,342 | * | Mr Cooper Group, Inc | 73 | |||||
984 | National Bank Holdings Corp | 32 | ||||||
257 | National Bankshares, Inc | 8 | ||||||
1,661 | NBT Bancorp, Inc | 53 | ||||||
10,769 | New York Community Bancorp, Inc | 114 | ||||||
301 | * | Nicolet Bankshares, Inc | 20 | |||||
2,265 | * | NMI Holdings, Inc | 51 | |||||
256 | Northeast Bank | 6 | ||||||
1,643 | Northfield Bancorp, Inc | 20 | ||||||
280 | Northrim BanCorp, Inc | 9 | ||||||
2,083 | Northwest Bancshares, Inc | 27 | ||||||
223 | Norwood Financial Corp | 6 | ||||||
1,583 | OceanFirst Financial Corp | 29 |
4
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
1,902 | OFG Bancorp | $ | 35 | |||||
160 | Ohio Valley Banc Corp | 4 | ||||||
4,858 | Old National Bancorp | 80 | ||||||
1,237 | Old Second Bancorp, Inc | 12 | ||||||
568 | Origin Bancorp, Inc | 16 | ||||||
297 | Orrstown Financial Services, Inc | 5 | ||||||
2,232 | Pacific Premier Bancorp, Inc | 70 | ||||||
3,679 | PacWest Bancorp | 93 | ||||||
529 | Park National Corp | 56 | ||||||
217 | Parke Bancorp, Inc | 3 | ||||||
696 | PCSB Financial Corp | 11 | ||||||
642 | Peapack Gladstone Financial Corp | 15 | ||||||
331 | Penns Woods Bancorp, Inc | 9 | ||||||
1,491 | PennyMac Financial Services, Inc | 98 | ||||||
174 | Peoples Bancorp of North Carolina, Inc | 4 | ||||||
595 | Peoples Bancorp, Inc | 16 | ||||||
333 | Peoples Financial Services Corp | 12 | ||||||
10,656 | People’s United Financial, Inc | 138 | ||||||
2,763 | Pinnacle Financial Partners, Inc | 178 | ||||||
13,689 | PNC Financial Services Group, Inc | 2,040 | ||||||
2,847 | Popular, Inc | 160 | ||||||
510 | Preferred Bank | 26 | ||||||
471 | Premier Financial Bancorp, Inc | 6 | ||||||
1,415 | Premier Financial Corp | 33 | ||||||
3,083 | Prosperity Bancshares, Inc | 214 | ||||||
339 | Provident Bancorp Inc | 4 | ||||||
1,243 | Provident Financial Services, Inc | 22 | ||||||
279 | Prudential Bancorp, Inc | 4 | ||||||
472 | QCR Holdings, Inc | 19 | ||||||
5,940 | Radian Group, Inc | 120 | ||||||
475 | RBB Bancorp | 7 | ||||||
32,432 | Regions Financial Corp | 523 | ||||||
254 | Reliant Bancorp Inc | 5 | ||||||
1,629 | Renasant Corp | 55 | ||||||
364 | Republic Bancorp, Inc (Class A) | 13 | ||||||
1,873 | * | Republic First Bancorp, Inc | 5 | |||||
671 | Riverview Bancorp, Inc | 4 | ||||||
2,949 | *,e | Rocket Cos, Inc | 60 | |||||
1,349 | S&T Bancorp, Inc | 33 | ||||||
1,200 | Sandy Spring Bancorp, Inc | 39 | ||||||
1,542 | * | Seacoast Banking Corp of Florida | 45 | |||||
1,876 | ServisFirst Bancshares, Inc | 76 | ||||||
497 | Shore Bancshares, Inc | 7 | ||||||
370 | Sierra Bancorp | 9 | ||||||
1,852 | Signature Bank | 251 | ||||||
470 | * | Silvergate Capital Corp | 35 | |||||
2,996 | Simmons First National Corp (Class A) | 65 | ||||||
275 | SmartFinancial, Inc | 5 | ||||||
2,471 | South State Corp | 179 | ||||||
228 | * | Southern First Bancshares, Inc | 8 | |||||
231 | Southern Missouri Bancorp, Inc | 7 | ||||||
454 | Southern National Bancorp of Virginia, Inc | 5 | ||||||
1,068 | Southside Bancshares, Inc | 33 | ||||||
5,659 | Sterling Bancorp | 102 |
5
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
922 | Stock Yards Bancorp, Inc | $ | 37 | |||||
394 | Summit Financial Group, Inc | 9 | ||||||
1,686 | * | SVB Financial Group | 654 | |||||
4,436 | Synovus Financial Corp | 144 | ||||||
3,980 | TCF Financial Corp | 147 | ||||||
286 | Territorial Bancorp, Inc | 7 | ||||||
1,428 | * | Texas Capital Bancshares, Inc | 85 | |||||
1,044 | TFS Financial Corp | 18 | ||||||
1,514 | * | The Bancorp, Inc | 21 | |||||
232 | Timberland Bancorp, Inc | 6 | ||||||
573 | Tompkins Financial Corp | 40 | ||||||
1,266 | Towne Bank | 30 | ||||||
240 | Trico Bancshares | 8 | ||||||
943 | * | Tristate Capital Holdings, Inc | 16 | |||||
657 | * | Triumph Bancorp, Inc | 32 | |||||
42,945 | Truist Financial Corp | 2,058 | ||||||
3,358 | Trustco Bank Corp NY | 22 | ||||||
2,619 | Trustmark Corp | 71 | ||||||
1,796 | UMB Financial Corp | 124 | ||||||
6,954 | Umpqua Holdings Corp | 105 | ||||||
4,488 | United Bankshares, Inc | 145 | ||||||
2,711 | United Community Banks, Inc | 77 | ||||||
510 | United Security Bancshares | 4 | ||||||
266 | Unity Bancorp, Inc | 5 | ||||||
1,012 | Univest Financial Corp | 21 | ||||||
43,417 | US Bancorp | 2,023 | ||||||
9,879 | Valley National Bancorp | 96 | ||||||
1,101 | Veritex Holdings, Inc | 28 | ||||||
1,098 | Walker & Dunlop, Inc | 101 | ||||||
2,531 | Washington Federal, Inc | 65 | ||||||
581 | Washington Trust Bancorp, Inc | 26 | ||||||
1,032 | Waterstone Financial, Inc | 19 | ||||||
2,690 | Webster Financial Corp | 113 | ||||||
119,391 | Wells Fargo & Co | 3,603 | ||||||
1,747 | WesBanco, Inc | 52 | ||||||
597 | West Bancorporation, Inc | 11 | ||||||
1,024 | Westamerica Bancorporation | 57 | ||||||
3,666 | Western Alliance Bancorp | 220 | ||||||
1,021 | Western New England Bancorp, Inc | 7 | ||||||
2,157 | Wintrust Financial Corp | 132 | ||||||
1,991 | WSFS Financial Corp | 89 | ||||||
5,692 | Zions Bancorporation | 247 | ||||||
|
| |||||||
TOTAL BANKS | 49,555 | |||||||
|
| |||||||
CAPITAL GOODS - 6.1% | ||||||||
17,865 | 3M Co | 3,123 | ||||||
4,065 | A.O. Smith Corp | 223 | ||||||
1,275 | Aaon, Inc | 85 | ||||||
59 | AAR Corp | 2 | ||||||
1,438 | Acuity Brands, Inc | 174 | ||||||
1,712 | Advanced Drainage Systems, Inc | 143 | ||||||
5,026 | * | Aecom Technology Corp | 250 | |||||
1,316 | * | Aegion Corp | 25 | |||||
2,167 | * | Aerojet Rocketdyne Holdings, Inc | 114 |
6
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
831 | * | Aerovironment, Inc | $ | 72 | ||||
1,773 | AGCO Corp | 183 | ||||||
3,064 | Air Lease Corp | 136 | ||||||
374 | Alamo Group, Inc | 52 | ||||||
1,111 | Albany International Corp (Class A) | 82 | ||||||
2,799 | Allegion plc | 326 | ||||||
205 | Allied Motion Technologies, Inc | 10 | ||||||
3,239 | Allison Transmission Holdings, Inc | 140 | ||||||
2,253 | Altra Industrial Motion Corp | 125 | ||||||
909 | * | Ameresco, Inc | 47 | |||||
706 | * | American Superconductor Corp | 17 | |||||
568 | * | American Woodmark Corp | 53 | |||||
7,198 | Ametek, Inc | 870 | ||||||
4,397 | *,g | API Group Corp | 80 | |||||
1,095 | Apogee Enterprises, Inc | 35 | ||||||
1,503 | Applied Industrial Technologies, Inc | 117 | ||||||
1,220 | Arcosa, Inc | 67 | ||||||
555 | Argan, Inc | 25 | ||||||
1,331 | Armstrong World Industries, Inc | 99 | ||||||
1,602 | * | Array Technologies, Inc | 69 | |||||
823 | Astec Industries, Inc | 48 | ||||||
810 | * | Astronics Corp | 11 | |||||
1,239 | * | Atkore International Group, Inc | 51 | |||||
2,036 | * | Axon Enterprise, Inc | 249 | |||||
2,141 | * | AZEK Co, Inc | 82 | |||||
1,059 | AZZ, Inc | 50 | ||||||
1,344 | Barnes Group, Inc | 68 | ||||||
1,896 | * | Beacon Roofing Supply, Inc | 76 | |||||
1,933 | * | Bloom Energy Corp | 55 | |||||
278 | * | Blue Bird Corp | 5 | |||||
2,534 | * | BMC Stock Holdings, Inc | 136 | |||||
16,941 | Boeing Co | 3,626 | ||||||
3,625 | * | Builders FirstSource, Inc | 148 | |||||
2,889 | BWX Technologies, Inc | 174 | ||||||
883 | e | Caesarstone Sdot-Yam Ltd | 11 | |||||
520 | CAI International, Inc | 16 | ||||||
1,555 | Carlisle Cos, Inc | 243 | ||||||
27,000 | Carrier Global Corp | 1,018 | ||||||
17,352 | Caterpillar, Inc | 3,158 | ||||||
1,264 | * | Chart Industries, Inc | 149 | |||||
647 | * | CIRCOR International, Inc | 25 | |||||
3,463 | * | Colfax Corp | 132 | |||||
840 | Columbus McKinnon Corp | 32 | ||||||
1,470 | Comfort Systems USA, Inc | 77 | ||||||
714 | * | Construction Partners Inc | 21 | |||||
1,570 | * | Cornerstone Building Brands, Inc | 15 | |||||
1,416 | Crane Co | 110 | ||||||
554 | CSW Industrials, Inc | 62 | ||||||
1,041 | Cubic Corp | 65 | ||||||
4,663 | Cummins, Inc | 1,059 | ||||||
1,242 | Curtiss-Wright Corp | 144 | ||||||
8,966 | Deere & Co | 2,412 | ||||||
3,888 | Donaldson Co, Inc | 217 | ||||||
932 | Douglas Dynamics, Inc | 40 |
7
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
4,486 | Dover Corp | $ | 566 | |||||
485 | * | Ducommun, Inc | 26 | |||||
567 | * | DXP Enterprises, Inc | 13 | |||||
1,047 | * | Dycom Industries, Inc | 79 | |||||
174 | Eastern Co | 4 | ||||||
12,701 | Eaton Corp | 1,526 | ||||||
1,559 | EMCOR Group, Inc | 143 | ||||||
19,401 | Emerson Electric Co | 1,559 | ||||||
840 | Encore Wire Corp | 51 | ||||||
1,368 | * | Energy Recovery, Inc | 19 | |||||
2,301 | Enerpac Tool Group Corp | 52 | ||||||
1,484 | EnerSys | 123 | ||||||
830 | EnPro Industries, Inc | 63 | ||||||
605 | ESCO Technologies, Inc | 62 | ||||||
137 | *,e | EVI Industries, Inc | 4 | |||||
2,773 | * | Evoqua Water Technologies Corp | 75 | |||||
18,394 | Fastenal Co | 898 | ||||||
2,292 | Federal Signal Corp | 76 | ||||||
4,459 | Flowserve Corp | 164 | ||||||
4,273 | Fluor Corp | 68 | ||||||
625 | *,† | Fortitude Gold Corp | 1 | |||||
9,130 | Fortive Corp | 647 | ||||||
4,638 | Fortune Brands Home & Security, Inc | 398 | ||||||
499 | * | Foundation Building Materials, Inc | 10 | |||||
1,207 | Franklin Electric Co, Inc | 84 | ||||||
6,818 | *,e | FuelCell Energy, Inc | 76 | |||||
1,403 | * | Gates Industrial Corp plc | 18 | |||||
1,053 | GATX Corp | 88 | ||||||
277 | * | Gencor Industries, Inc | 3 | |||||
1,969 | * | Generac Holdings, Inc | 448 | |||||
8,057 | General Dynamics Corp | 1,199 | ||||||
277,839 | General Electric Co | 3,001 | ||||||
1,244 | * | Gibraltar Industries, Inc | 89 | |||||
922 | * | GMS, Inc | 28 | |||||
678 | Gorman-Rupp Co | 22 | ||||||
5,055 | Graco, Inc | 366 | ||||||
1,261 | GrafTech International Ltd | 13 | ||||||
470 | Graham Corp | 7 | ||||||
1,755 | Granite Construction, Inc | 47 | ||||||
2,253 | * | Great Lakes Dredge & Dock Corp | 30 | |||||
1,065 | Greenbrier Cos, Inc | 39 | ||||||
1,120 | Griffon Corp | 23 | ||||||
1,293 | H&E Equipment Services, Inc | 39 | ||||||
1,386 | HEICO Corp | 183 | ||||||
2,602 | HEICO Corp (Class A) | 305 | ||||||
922 | Helios Technologies, Inc | 49 | ||||||
981 | * | Herc Holdings, Inc | 65 | |||||
2,827 | Hexcel Corp | 137 | ||||||
2,685 | Hillenbrand, Inc | 107 | ||||||
22,313 | Honeywell International, Inc | 4,746 | ||||||
12,884 | Howmet Aerospace, Inc | 368 | ||||||
1,612 | Hubbell, Inc | 253 | ||||||
1,224 | Huntington Ingalls | 209 | ||||||
316 | Hurco Cos, Inc | 9 |
8
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
404 | Hyster-Yale Materials Handling, Inc | $ | 24 | |||||
2,293 | IDEX Corp | 457 | ||||||
298 | * | IES Holdings, Inc | 14 | |||||
10,003 | Illinois Tool Works, Inc | 2,039 | ||||||
11,188 | * | Ingersoll Rand, Inc | 510 | |||||
716 | Insteel Industries, Inc | 16 | ||||||
2,978 | ITT, Inc | 229 | ||||||
3,820 | Jacobs Engineering Group, Inc | 416 | ||||||
2,384 | * | JELD-WEN Holding, Inc | 60 | |||||
1,200 | John Bean Technologies Corp | 137 | ||||||
23,534 | Johnson Controls International plc | 1,096 | ||||||
433 | Kadant, Inc | 61 | ||||||
1,040 | Kaman Corp | 59 | ||||||
3,108 | Kennametal, Inc | 113 | ||||||
3,783 | * | Kratos Defense & Security Solutions, Inc | 104 | |||||
6,659 | L3Harris Technologies, Inc | 1,259 | ||||||
246 | * | Lawson Products, Inc | 12 | |||||
306 | * | LB Foster Co (Class A) | 5 | |||||
1,051 | Lennox International, Inc | 288 | ||||||
1,591 | Lincoln Electric Holdings, Inc | 185 | ||||||
408 | Lindsay Corp | 52 | ||||||
7,867 | Lockheed Martin Corp | 2,793 | ||||||
800 | Luxfer Holdings plc | 13 | ||||||
674 | * | Lydall, Inc | 20 | |||||
1,198 | * | Manitowoc Co, Inc | 16 | |||||
8,230 | Masco Corp | 452 | ||||||
798 | * | Masonite International Corp | 78 | |||||
2,069 | * | Mastec, Inc | 141 | |||||
2,076 | Maxar Technologies, Inc | 80 | ||||||
1,815 | * | Mercury Systems, Inc | 160 | |||||
1,998 | * | Meritor, Inc | 56 | |||||
1,823 | * | Middleby Corp | 235 | |||||
446 | Miller Industries, Inc | 17 | ||||||
863 | Moog, Inc (Class A) | 68 | ||||||
621 | * | MRC Global, Inc | 4 | |||||
1,382 | MSC Industrial Direct Co (Class A) | 117 | ||||||
1,100 | Mueller Industries, Inc | 39 | ||||||
4,045 | Mueller Water Products, Inc (Class A) | 50 | ||||||
639 | * | MYR Group, Inc | 38 | |||||
206 | National Presto Industries, Inc | 18 | ||||||
1,911 | * | Navistar International Corp | 84 | |||||
1,020 | * | NN, Inc | 7 | |||||
1,902 | Nordson Corp | 382 | ||||||
4,918 | Northrop Grumman Corp | 1,499 | ||||||
371 | * | Northwest Pipe Co | 10 | |||||
4,328 | * | NOW, Inc | 31 | |||||
291 | * | NV5 Global Inc | 23 | |||||
4,923 | nVent Electric plc | 115 | ||||||
117 | Omega Flex, Inc | 17 | ||||||
2,055 | Oshkosh Corp | 177 | ||||||
12,593 | Otis Worldwide Corp | 851 | ||||||
3,305 | Owens Corning, Inc | 250 | ||||||
10,755 | PACCAR, Inc | 928 | ||||||
1,797 | * | PAE, Inc | 16 |
9
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
766 | Park Aerospace Corp | $ | 10 | |||||
4,115 | Parker-Hannifin Corp | 1,121 | ||||||
334 | Park-Ohio Holdings Corp | 10 | ||||||
502 | * | Parsons Corp | 18 | |||||
5,223 | Pentair plc | 277 | ||||||
1,847 | * | PGT, Inc | 38 | |||||
11,742 | * | Plug Power, Inc | 398 | |||||
416 | Powell Industries, Inc | 12 | ||||||
96 | Preformed Line Products Co | 7 | ||||||
1,452 | Primoris Services Corp | 40 | ||||||
784 | * | Proto Labs, Inc | 120 | |||||
1,340 | Quanex Building Products Corp | 30 | ||||||
4,219 | Quanta Services, Inc | 304 | ||||||
1,477 | Raven Industries, Inc | 49 | ||||||
45,519 | Raytheon Technologies Corp | 3,255 | ||||||
899 | * | RBC Bearings, Inc | 161 | |||||
1,350 | Regal-Beloit Corp | 166 | ||||||
4,524 | * | Resideo Technologies, Inc | 96 | |||||
432 | REV Group, Inc | 4 | ||||||
3,642 | Rexnord Corp | 144 | ||||||
3,733 | Rockwell Automation, Inc | 936 | ||||||
3,271 | Roper Technologies Inc | 1,410 | ||||||
1,800 | Rush Enterprises, Inc (Class A) | 75 | ||||||
385 | Rush Enterprises, Inc (Class B) | 15 | ||||||
5,166 | * | Sensata Technologies Holding plc | 272 | |||||
1,379 | Shyft Group, Inc | 39 | ||||||
1,204 | Simpson Manufacturing Co, Inc | 112 | ||||||
1,315 | * | SiteOne Landscape Supply, Inc | 209 | |||||
1,692 | Snap-On, Inc | 290 | ||||||
3,290 | Spirit Aerosystems Holdings, Inc (Class A) | 129 | ||||||
1,707 | * | SPX Corp | 93 | |||||
1,563 | * | SPX FLOW, Inc | 91 | |||||
472 | Standex International Corp | 37 | ||||||
4,769 | Stanley Black & Decker, Inc | 852 | ||||||
1,004 | * | Sterling Construction Co, Inc | 19 | |||||
4,612 | * | Sunrun, Inc | 320 | |||||
461 | Systemax, Inc | 17 | ||||||
1,141 | * | Teledyne Technologies, Inc | 447 | |||||
647 | Tennant Co | 45 | ||||||
1,919 | Terex Corp | 67 | ||||||
967 | * | Textainer Group Holdings Ltd | 19 | |||||
7,365 | Textron, Inc | 356 | ||||||
1,276 | * | Thermon Group Holdings | 20 | |||||
2,010 | Timken Co | 155 | ||||||
784 | * | Titan Machinery, Inc | 15 | |||||
3,332 | Toro Co | 316 | ||||||
927 | * | TPI Composites, Inc | 49 | |||||
7,546 | Trane Technologies plc | 1,095 | ||||||
1,712 | * | TransDigm Group, Inc | 1,059 | |||||
3,892 | * | Trex Co, Inc | 326 | |||||
1,789 | * | Trimas Corp | 57 | |||||
1,484 | Trinity Industries, Inc | 39 | ||||||
1,500 | Triton International Ltd | 73 | ||||||
145 | Triumph Group, Inc | 2 |
10
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
1,399 | * | Tutor Perini Corp | $ | 18 | ||||
1,736 | UFP Industries, Inc | 96 | ||||||
2,328 | * | United Rentals, Inc | 540 | |||||
5,141 | * | Univar Solutions Inc | 98 | |||||
582 | Valmont Industries, Inc | 102 | ||||||
455 | * | Vectrus, Inc | 23 | |||||
419 | * | Veritiv Corp | 9 | |||||
6,345 | Vertiv Holdings Co | 118 | ||||||
649 | * | Vicor Corp | 60 | |||||
1,948 | *,e | Virgin Galactic Holdings, Inc | 46 | |||||
1,422 | W.W. Grainger, Inc | 581 | ||||||
2,295 | Wabash National Corp | 40 | ||||||
5,745 | Wabtec Corp | 421 | ||||||
1,090 | Watsco, Inc | 247 | ||||||
582 | Watts Water Technologies, Inc (Class A) | 71 | ||||||
3,967 | * | Welbilt, Inc | 52 | |||||
1,581 | * | WESCO International, Inc | 124 | |||||
67 | * | Willis Lease Finance Corp | 2 | |||||
5,251 | * | WillScot Mobile Mini Holdings Corp | 122 | |||||
1,753 | Woodward Inc | 213 | ||||||
5,446 | Xylem, Inc | 554 | ||||||
|
| |||||||
TOTAL CAPITAL GOODS | 73,981 | |||||||
|
| |||||||
COMMERCIAL & PROFESSIONAL SERVICES - 1.1% | ||||||||
2,170 | ABM Industries, Inc | 82 | ||||||
2,247 | * | Acacia Research (Acacia Technologies) | 9 | |||||
4,335 | ACCO Brands Corp | 37 | ||||||
3,263 | ADT, Inc | 26 | ||||||
1,481 | * | ASGN Inc | 124 | |||||
274 | Barrett Business Services, Inc | 19 | ||||||
198 | BG Staffing, Inc | 3 | ||||||
1,283 | Brady Corp (Class A) | 68 | ||||||
511 | * | BrightView Holdings, Inc | 8 | |||||
1,790 | Brink’s Co | 129 | ||||||
1,375 | * | Casella Waste Systems, Inc (Class A) | 85 | |||||
2,160 | * | CBIZ, Inc | 57 | |||||
948 | * | Ceco Environmental Corp | 7 | |||||
600 | * | Cimpress plc | 53 | |||||
2,765 | Cintas Corp | 977 | ||||||
1,776 | * | Clean Harbors, Inc | 135 | |||||
6,195 | * | Copart, Inc | 788 | |||||
2,613 | CoreLogic Inc | 202 | ||||||
1,241 | * | CoStar Group, Inc | 1,147 | |||||
3,430 | Covanta Holding Corp | 45 | ||||||
364 | CRA International, Inc | 18 | ||||||
559 | Deluxe Corp | 16 | ||||||
2,478 | * | Dun & Bradstreet Holdings, Inc | 62 | |||||
1,051 | Ennis, Inc | 19 | ||||||
3,825 | Equifax, Inc | 738 | ||||||
1,599 | Exponent, Inc | 144 | ||||||
381 | * | Forrester Research, Inc | 16 | |||||
419 | * | Franklin Covey Co | 9 | |||||
1,309 | * | FTI Consulting, Inc | 146 | |||||
494 | * | GP Strategies Corp | 6 |
11
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
3,062 | * | Harsco Corp | $ | 55 | ||||
2,765 | Healthcare Services Group | 78 | ||||||
711 | Heidrick & Struggles International, Inc | 21 | ||||||
555 | * | Heritage-Crystal Clean, Inc | 12 | |||||
2,222 | Herman Miller, Inc | 75 | ||||||
1,783 | HNI Corp | 61 | ||||||
896 | * | Huron Consulting Group, Inc | 53 | |||||
4,394 | * | IAA, Inc | 285 | |||||
707 | ICF International, Inc | 52 | ||||||
12,364 | IHS Markit Ltd | 1,111 | ||||||
975 | Insperity, Inc | 79 | ||||||
2,401 | Interface, Inc | 25 | ||||||
4,402 | KAR Auction Services, Inc | 82 | ||||||
1,192 | Kelly Services, Inc (Class A) | 24 | ||||||
1,045 | Kforce, Inc | 44 | ||||||
1,392 | Kimball International, Inc (Class B) | 17 | ||||||
1,970 | Knoll, Inc | 29 | ||||||
1,994 | Korn/Ferry International | 87 | ||||||
1,848 | Manpower, Inc | 167 | ||||||
1,217 | Matthews International Corp (Class A) | 36 | ||||||
687 | McGrath RentCorp | 46 | ||||||
757 | * | Mistras Group, Inc | 6 | |||||
1,132 | MSA Safety, Inc | 169 | ||||||
9,701 | Nielsen NV | 202 | ||||||
563 | NL Industries, Inc | 3 | ||||||
896 | * | Pico Holdings, Inc | 8 | |||||
7,274 | Pitney Bowes, Inc | 45 | ||||||
1,198 | Quad Graphics, Inc | 5 | ||||||
6,655 | Republic Services, Inc | 641 | ||||||
1,107 | Resources Connection, Inc | 14 | ||||||
3,920 | Robert Half International, Inc | 245 | ||||||
6,990 | Rollins, Inc | 273 | ||||||
672 | * | SP Plus Corp | 19 | |||||
3,128 | Steelcase, Inc (Class A) | 42 | ||||||
2,925 | * | Stericycle, Inc | 203 | |||||
1,231 | * | Team, Inc | 13 | |||||
1,741 | Tetra Tech, Inc | 201 | ||||||
5,960 | TransUnion | 591 | ||||||
1,402 | * | TriNet Group, Inc | 113 | |||||
1,626 | * | TrueBlue, Inc | 30 | |||||
529 | Unifirst Corp | 112 | ||||||
2,984 | * | Upwork, Inc | 103 | |||||
844 | US Ecology, Inc | 31 | ||||||
5,030 | Verisk Analytics, Inc | 1,044 | ||||||
795 | Viad Corp | 29 | ||||||
340 | VSE Corp | 13 | ||||||
13,301 | Waste Management, Inc | 1,569 | ||||||
279 | * | Willdan Group, Inc | 12 | |||||
|
| |||||||
TOTAL COMMERCIAL & PROFESSIONAL SERVICES | 13,350 | |||||||
|
| |||||||
CONSUMER DURABLES & APPAREL - 1.5% | ||||||||
821 | Acushnet Holdings Corp | 33 | ||||||
559 | * | American Outdoor Brands, Inc | 10 | |||||
1,140 | * | Beazer Homes USA, Inc | 17 |
12
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
2,639 | Brunswick Corp | $ | 201 | |||||
3,598 | Callaway Golf Co | 86 | ||||||
4,058 | * | Capri Holdings Ltd | 170 | |||||
1,418 | Carter’s, Inc | 133 | ||||||
237 | * | Cavco Industries, Inc | 42 | |||||
707 | * | Century Communities, Inc | 31 | |||||
729 | Clarus Corp | 11 | ||||||
741 | Columbia Sportswear Co | 65 | ||||||
1,951 | * | CROCS, Inc | 122 | |||||
898 | * | Deckers Outdoor Corp | 258 | |||||
10,647 | DR Horton, Inc | 734 | ||||||
458 | Escalade, Inc | 10 | ||||||
958 | Ethan Allen Interiors, Inc | 19 | ||||||
1,713 | * | Fossil Group, Inc | 15 | |||||
4,826 | Garmin Ltd | 577 | ||||||
1,295 | * | G-III Apparel Group Ltd | 31 | |||||
4,066 | * | GoPro, Inc | 34 | |||||
992 | * | Green Brick Partners, Inc | 23 | |||||
364 | Hamilton Beach Brands Holding Co | 6 | ||||||
10,312 | Hanesbrands, Inc | 150 | ||||||
3,755 | Hasbro, Inc | 351 | ||||||
789 | * | Helen of Troy Ltd | 175 | |||||
438 | Hooker Furniture Corp | 14 | ||||||
845 | * | Installed Building Products, Inc | 86 | |||||
1,024 | *,e | iRobot Corp | 82 | |||||
232 | Johnson Outdoors, Inc | 26 | ||||||
3,023 | KB Home | 101 | ||||||
1,623 | Kontoor Brands, Inc | 66 | ||||||
1,887 | La-Z-Boy, Inc | 75 | ||||||
4,477 | Leggett & Platt, Inc | 198 | ||||||
8,776 | Lennar Corp (Class A) | 669 | ||||||
349 | Lennar Corp (Class B) | 21 | ||||||
624 | * | LGI Homes, Inc | 66 | |||||
362 | Lifetime Brands, Inc | 6 | ||||||
336 | * | Lovesac Co | 14 | |||||
3,577 | * | Lululemon Athletica, Inc | 1,245 | |||||
862 | * | M/I Homes, Inc | 38 | |||||
776 | * | Malibu Boats, Inc | 48 | |||||
441 | Marine Products Corp | 6 | ||||||
673 | * | MasterCraft Boat Holdings, Inc | 17 | |||||
10,286 | * | Mattel, Inc | 180 | |||||
1,080 | MDC Holdings, Inc | 52 | ||||||
1,156 | * | Meritage Homes Corp | 96 | |||||
1,947 | * | Mohawk Industries, Inc | 274 | |||||
638 | * | Movado Group, Inc | 11 | |||||
909 | * | Nautilus, Inc | 17 | |||||
11,340 | Newell Brands Inc | 241 | ||||||
38,627 | Nike, Inc (Class B) | 5,465 | ||||||
107 | * | NVR, Inc | 437 | |||||
621 | Oxford Industries, Inc | 41 | ||||||
8,050 | * | Peloton Interactive, Inc | 1,221 | |||||
1,868 | Polaris Inc | 178 | ||||||
8,222 | Pulte Homes, Inc | 355 | ||||||
550 | * | Purple Innovation, Inc | 18 |
13
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
2,213 | PVH Corp | $ | 208 | |||||
1,635 | Ralph Lauren Corp | 170 | ||||||
4,672 | * | Skechers U.S.A., Inc (Class A) | 168 | |||||
1,768 | * | Skyline Champion Corp | 55 | |||||
2,238 | Smith & Wesson Brands, Inc | 40 | ||||||
2,321 | * | Sonos, Inc | 54 | |||||
2,901 | Steven Madden Ltd | 102 | ||||||
652 | Sturm Ruger & Co, Inc | 42 | ||||||
295 | Superior Uniform Group, Inc | 7 | ||||||
8,612 | Tapestry, Inc | 268 | ||||||
3,418 | * | Taylor Morrison Home Corp | 88 | |||||
5,864 | * | Tempur Sealy International, Inc | 158 | |||||
4,036 | Toll Brothers, Inc | 175 | ||||||
1,123 | * | TopBuild Corp | 207 | |||||
3,938 | * | TRI Pointe Homes, Inc | 68 | |||||
1,753 | * | Tupperware Brands Corp | 57 | |||||
5,744 | * | Under Armour, Inc (Class A) | 99 | |||||
7,306 | * | Under Armour, Inc (Class C) | 109 | |||||
700 | * | Unifi, Inc | 12 | |||||
585 | * | Universal Electronics, Inc | 31 | |||||
1,001 | * | Vera Bradley, Inc | 8 | |||||
10,523 | VF Corp | 899 | ||||||
2,174 | * | Vista Outdoor, Inc | 52 | |||||
1,890 | Whirlpool Corp | 341 | ||||||
2,662 | Wolverine World Wide, Inc | 83 | ||||||
2,402 | * | YETI Holdings, Inc | 164 | |||||
|
| |||||||
TOTAL CONSUMER DURABLES & APPAREL | 18,333 | |||||||
|
| |||||||
CONSUMER SERVICES - 2.0% | ||||||||
1,229 | * | Accel Entertainment, Inc | 12 | |||||
1,758 | * | Adtalem Global Education, Inc | 60 | |||||
675 | * | American Public Education, Inc | 21 | |||||
7,698 | ARAMARK Holdings Corp | 296 | ||||||
643 | * | Bally’s Corp | 32 | |||||
39 | * | Biglari Holdings, Inc (B Shares) | 4 | |||||
817 | BJ’s Restaurants, Inc | 31 | ||||||
3,148 | Bloomin’ Brands, Inc | 61 | ||||||
476 | * | Bluegreen Vacations Holding Corp | 6 | |||||
2,347 | * | Boyd Gaming Corp | 101 | |||||
1,976 | * | Bright Horizons Family Solutions | 342 | |||||
1,545 | Brinker International, Inc | 87 | ||||||
5,635 | * | Caesars Entertainment, Inc | 419 | |||||
15,170 | Carnival Corp | 329 | ||||||
591 | Carriage Services, Inc | 19 | ||||||
1,345 | * | Carrols Restaurant Group, Inc | 8 | |||||
761 | * | Century Casinos, Inc | 5 | |||||
1,085 | e | Cheesecake Factory | 40 | |||||
3,925 | * | Chegg, Inc | 355 | |||||
883 | * | Chipotle Mexican Grill, Inc (Class A) | 1,224 | |||||
891 | Choice Hotels International, Inc | 95 | ||||||
1,305 | Churchill Downs, Inc | 254 | ||||||
751 | * | Chuy’s Holdings, Inc | 20 | |||||
256 | Collectors Universe | 19 | ||||||
711 | Cracker Barrel Old Country Store, Inc | 94 |
14
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
4,141 | Darden Restaurants, Inc | $ | 493 | |||||
921 | e | Dave & Buster’s Entertainment, Inc | 28 | |||||
1,227 | * | Del Taco Restaurants, Inc | 11 | |||||
2,646 | * | Denny’s Corp | 39 | |||||
458 | Dine Brands Global Inc. | 27 | ||||||
1,215 | Domino’s Pizza, Inc | 466 | ||||||
809 | * | El Pollo Loco Holdings, Inc | 15 | |||||
2,472 | * | Everi Holdings, Inc | 34 | |||||
6,386 | Extended Stay America, Inc | 95 | ||||||
1,005 | * | Fiesta Restaurant Group, Inc | 11 | |||||
606 | Franchise Group, Inc | 18 | ||||||
2,998 | * | frontdoor, Inc | 151 | |||||
691 | *,e | GAN Ltd | 14 | |||||
412 | * | Golden Entertainment, Inc | 8 | |||||
115 | Graham Holdings Co | 61 | ||||||
1,569 | * | Grand Canyon Education, Inc | 146 | |||||
5,913 | H&R Block, Inc | 94 | ||||||
2,683 | * | Hilton Grand Vacations, Inc | 84 | |||||
8,762 | Hilton Worldwide Holdings, Inc | 975 | ||||||
4,089 | * | Houghton Mifflin Harcourt Co | 14 | |||||
1,223 | Hyatt Hotels Corp | 91 | ||||||
2,978 | International Game Technology plc | 50 | ||||||
713 | Jack in the Box, Inc | 66 | ||||||
10,416 | Las Vegas Sands Corp | 621 | ||||||
3,222 | * | Laureate Education, Inc | 47 | |||||
608 | * | Lindblad Expeditions Holdings, Inc | 10 | |||||
8,725 | Marriott International, Inc (Class A) | 1,151 | ||||||
1,356 | Marriott Vacations Worldwide Corp | 186 | ||||||
23,641 | McDonald’s Corp | 5,073 | ||||||
15,735 | MGM Resorts International | 496 | ||||||
388 | * | Monarch Casino & Resort, Inc | 24 | |||||
133 | Nathan’s Famous, Inc | 7 | ||||||
400 | * | Noodles & Co | 3 | |||||
9,893 | * | Norwegian Cruise Line Holdings Ltd | 252 | |||||
1,416 | OneSpaWorld Holdings Ltd | 14 | ||||||
1,035 | Papa John’s International, Inc | 88 | ||||||
4,887 | * | Penn National Gaming, Inc | 422 | |||||
2,656 | * | Perdoceo Education Corp | 34 | |||||
2,811 | * | Planet Fitness, Inc | 218 | |||||
322 | * | PlayAGS, Inc | 2 | |||||
330 | RCI Hospitality Holdings, Inc | 13 | ||||||
500 | * | Red Robin Gourmet Burgers, Inc | 10 | |||||
1,923 | Red Rock Resorts, Inc | 48 | ||||||
1,367 | *,e | Regis Corp | 13 | |||||
5,811 | Royal Caribbean Cruises Ltd | 434 | ||||||
1,174 | Ruth’s Hospitality Group Inc | 21 | ||||||
1,968 | * | Scientific Games Corp (Class A) | 82 | |||||
1,710 | * | SeaWorld Entertainment, Inc | 54 | |||||
5,130 | Service Corp International | 252 | ||||||
1,083 | * | Shake Shack, Inc | 92 | |||||
2,790 | Six Flags Entertainment Corp | 95 | ||||||
37,355 | Starbucks Corp | 3,996 | ||||||
598 | Strategic Education, Inc | 57 | ||||||
1,321 | * | Stride, Inc | 28 |
15
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
3,982 | * | Terminix Global Holdings, Inc | $ | 203 | ||||
2,226 | Texas Roadhouse, Inc (Class A) | 174 | ||||||
1,294 | Vail Resorts, Inc | 361 | ||||||
2,233 | * | Vivint Smart Home, Inc | 46 | |||||
6,150 | Wendy’s | 135 | ||||||
1,010 | Wingstop, Inc | 134 | ||||||
1,421 | * | WW International Inc | 35 | |||||
2,639 | Wyndham Destinations, Inc | 118 | ||||||
3,184 | Wyndham Hotels & Resorts, Inc | 189 | ||||||
3,269 | Wynn Resorts Ltd | 369 | ||||||
12,355 | Yum China Holdings, Inc | 705 | ||||||
9,355 | Yum! Brands, Inc | 1,016 | ||||||
|
| |||||||
TOTAL CONSUMER SERVICES | 24,253 | |||||||
|
| |||||||
DIVERSIFIED FINANCIALS - 4.6% | ||||||||
1,359 | Affiliated Managers Group, Inc | 138 | ||||||
18,267 | AGNC Investment Corp | 285 | ||||||
12,709 | Ally Financial, Inc | 453 | ||||||
21,013 | American Express Co | 2,541 | ||||||
3,744 | Ameriprise Financial, Inc | 728 | ||||||
46,038 | Annaly Capital Management, Inc | 389 | ||||||
3,633 | Anworth Mortgage Asset Corp | 10 | ||||||
4,603 | Apollo Commercial Real Estate Finance, Inc | 51 | ||||||
5,552 | Apollo Global Management, Inc | 272 | ||||||
3,143 | Arbor Realty Trust, Inc | 45 | ||||||
1,014 | Ares Commercial Real Estate Corp | 12 | ||||||
3,113 | Ares Management Corp | 146 | ||||||
727 | * | Arlington Asset Investment Corp (Class A) | 3 | |||||
2,063 | ARMOUR Residential REIT, Inc | 22 | ||||||
1,731 | Artisan Partners Asset Management, Inc | 87 | ||||||
427 | * | Assetmark Financial Holdings, Inc | 10 | |||||
269 | Associated Capital Group, Inc | 9 | ||||||
382 | B. Riley Financial, Inc | 17 | ||||||
1,284 | Banco Latinoamericano de Exportaciones S.A. (Class E) | 20 | ||||||
25,228 | Bank of New York Mellon Corp | 1,071 | ||||||
59,779 | * | Berkshire Hathaway, Inc (Class B) | 13,861 | |||||
8,951 | BGC Partners, Inc (Class A) | 36 | ||||||
4,677 | BlackRock, Inc | 3,375 | ||||||
4,265 | Blackstone Mortgage Trust, Inc | 117 | ||||||
1,604 | * | Blucora, Inc | 26 | |||||
2,164 | Brightsphere Investment Group, Inc | 42 | ||||||
3,848 | Broadmark Realty Capital, Inc | 39 | ||||||
2,523 | * | Cannae Holdings, Inc | 112 | |||||
14,305 | Capital One Financial Corp | 1,414 | ||||||
3,681 | Capstead Mortgage Corp | 21 | ||||||
3,656 | Carlyle Group, Inc | 115 | ||||||
3,672 | CBOE Global Markets, Inc | 342 | ||||||
43,864 | Charles Schwab Corp | 2,327 | ||||||
420 | Cherry Hill Mortgage Investment Corp | 4 | ||||||
5,258 | Chimera Investment Corp | 54 | ||||||
11,182 | CME Group, Inc | 2,036 | ||||||
853 | Cohen & Steers, Inc | 63 | ||||||
3,033 | Colony Credit Real Estate, Inc | 23 | ||||||
1,050 | Cowen Group, Inc | 27 |
16
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
342 | *,e | Credit Acceptance Corp | $ | 118 | ||||
334 | Curo Group Holdings Corp | 5 | ||||||
118 | Diamond Hill Investment Group, Inc | 18 | ||||||
10,146 | Discover Financial Services | 919 | ||||||
1,075 | * | Donnelley Financial Solutions, Inc | 18 | |||||
620 | Dynex Capital, Inc | 11 | ||||||
3,285 | Eaton Vance Corp | 223 | ||||||
630 | Ellington Financial Inc | 9 | ||||||
978 | * | Encore Capital Group, Inc | 38 | |||||
1,226 | * | Enova International, Inc | 30 | |||||
12,437 | Equitable Holdings, Inc | 318 | ||||||
1,378 | Evercore Inc | 151 | ||||||
1,988 | * | Ezcorp, Inc (Class A) | 10 | |||||
1,184 | Factset Research Systems, Inc | 394 | ||||||
3,321 | Federated Investors, Inc (Class B) | 96 | ||||||
1,501 | FirstCash, Inc | 105 | ||||||
972 | * | Focus Financial Partners, Inc | 42 | |||||
7,500 | Franklin Resources, Inc | 187 | ||||||
181 | GAMCO Investors, Inc (Class A) | 3 | ||||||
10,495 | Goldman Sachs Group, Inc | 2,768 | ||||||
1,667 | Granite Point Mortgage Trust, Inc | 17 | ||||||
430 | Great Ajax Corp | 4 | ||||||
1,775 | * | Green Dot Corp | 99 | |||||
1,124 | Greenhill & Co, Inc | 14 | ||||||
1,284 | *,e | GWG Holdings Inc | 9 | |||||
904 | Hamilton Lane, Inc | 71 | ||||||
1,871 | Hannon Armstrong Sustainable Infrastructure Capital, Inc | 119 | ||||||
1,371 | Houlihan Lokey, Inc | 92 | ||||||
2,624 | Interactive Brokers Group, Inc (Class A) | 160 | ||||||
17,243 | Intercontinental Exchange Group, Inc | 1,988 | ||||||
11,642 | Invesco Ltd | 203 | ||||||
4,925 | e | Invesco Mortgage Capital, Inc | 17 | |||||
7,698 | Jefferies Financial Group, Inc | 189 | ||||||
17,322 | KKR & Co, Inc | 701 | ||||||
419 | KKR Real Estate Finance Trust, Inc | 8 | ||||||
2,645 | Ladder Capital Corp | 26 | ||||||
3,489 | Lazard Ltd (Class A) | 148 | ||||||
2,490 | * | LendingClub Corp | 26 | |||||
287 | *,e | LendingTree, Inc | 79 | |||||
2,318 | LPL Financial Holdings, Inc | 242 | ||||||
1,157 | MarketAxess Holdings, Inc | 660 | ||||||
418 | Marlin Business Services Corp | 5 | ||||||
14,764 | MFA Financial Inc | 57 | ||||||
1,429 | Moelis & Co | 67 | ||||||
5,125 | Moody’s Corp | 1,487 | ||||||
42,366 | Morgan Stanley | 2,903 | ||||||
671 | Morningstar, Inc | 155 | ||||||
2,563 | MSCI, Inc (Class A) | 1,144 | ||||||
3,513 | Nasdaq Inc | 466 | ||||||
5,701 | Navient Corp | 56 | ||||||
763 | Nelnet, Inc (Class A) | 54 | ||||||
12,681 | New Residential Investment Corp | 126 | ||||||
11,605 | New York Mortgage Trust, Inc | 43 | ||||||
959 | *,† | NewStar Financial, Inc | 0 | ^ |
17
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
6,037 | Northern Trust Corp | $ | 562 | |||||
2,054 | OneMain Holdings, Inc | 99 | ||||||
563 | * | Oportun Financial Corp | 11 | |||||
448 | Oppenheimer Holdings, Inc | 14 | ||||||
1,276 | e | Orchid Island Capital, Inc | 7 | |||||
2,603 | PennyMac Mortgage Investment Trust | 46 | ||||||
553 | Piper Jaffray Cos | 56 | ||||||
727 | PJT Partners, Inc | 55 | ||||||
1,801 | * | PRA Group, Inc | 71 | |||||
2,124 | PROG Holdings, Inc | 114 | ||||||
527 | Pzena Investment Management, Inc (Class A) | 4 | ||||||
3,749 | Raymond James Financial, Inc | 359 | ||||||
636 | Ready Capital Corp | 8 | ||||||
3,329 | Redwood Trust, Inc | 29 | ||||||
383 | Regional Management Corp | 11 | ||||||
7,632 | S&P Global, Inc | 2,509 | ||||||
808 | * | Safeguard Scientifics, Inc | 5 | |||||
3,020 | Santander Consumer USA Holdings, Inc | 67 | ||||||
551 | Sculptor Capital Management, Inc | 8 | ||||||
3,251 | SEI Investments Co | 187 | ||||||
298 | Silvercrest Asset Management Group, Inc | 4 | ||||||
11,587 | SLM Corp | 144 | ||||||
9,293 | Starwood Property Trust, Inc | 179 | ||||||
11,193 | State Street Corp | 815 | ||||||
511 | * | StepStone Group, Inc | 20 | |||||
3,454 | Stifel Financial Corp | 174 | ||||||
601 | * | StoneX Group, Inc | 35 | |||||
18,197 | Synchrony Financial | 632 | ||||||
7,036 | T Rowe Price Group, Inc | 1,065 | ||||||
1,884 | TPG RE Finance Trust, Inc | 20 | ||||||
2,647 | Tradeweb Markets, Inc | 165 | ||||||
8,413 | Two Harbors Investment Corp | 54 | ||||||
2,010 | Virtu Financial, Inc | 51 | ||||||
255 | Virtus Investment Partners, Inc | 55 | ||||||
4,331 | Voya Financial, Inc | 255 | ||||||
1,732 | Waddell & Reed Financial, Inc (Class A) | 44 | ||||||
1,589 | e | Western Asset Mortgage Capital Corp | 5 | |||||
322 | Westwood Holdings Group, Inc | 5 | ||||||
4,611 | WisdomTree Investments, Inc | 25 | ||||||
229 | *,e | World Acceptance Corp | 23 | |||||
|
| |||||||
TOTAL DIVERSIFIED FINANCIALS | 55,233 | |||||||
|
| |||||||
ENERGY - 2.1% | ||||||||
7,981 | Antero Midstream Corp | 62 | ||||||
7,333 | *,e | Antero Resources Corp | 40 | |||||
12,865 | Apache Corp | 183 | ||||||
550 | * | Arch Resources, Inc | 24 | |||||
4,687 | Archrock, Inc | 41 | ||||||
985 | Ardmore Shipping Corp | 3 | ||||||
20,281 | Baker Hughes Co | 423 | ||||||
1,669 | Berry Petroleum Co LLC | 6 | ||||||
784 | * | Bonanza Creek Energy, Inc | 15 | |||||
938 | Brigham Minerals, Inc | 10 | ||||||
297 | * | Bristow Group, Inc | 8 |
18
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
12,636 | Cabot Oil & Gas Corp | $ | 206 | |||||
1,403 | Cactus, Inc | 37 | ||||||
5,977 | * | ChampionX Corp | 91 | |||||
7,749 | * | Cheniere Energy, Inc | 465 | |||||
61,435 | Chevron Corp | 5,188 | ||||||
3,405 | Cimarex Energy Co | 128 | ||||||
5,167 | * | Clean Energy Fuels Corp | 41 | |||||
6,042 | * | CNX Resources Corp | 65 | |||||
6,044 | Concho Resources, Inc | 353 | ||||||
34,826 | ConocoPhillips | 1,393 | ||||||
1,096 | * | CONSOL Energy, Inc | 8 | |||||
2,158 | Continental Resources, Inc | 35 | ||||||
612 | CVR Energy, Inc | 9 | ||||||
1,883 | Delek US Holdings, Inc | 30 | ||||||
13,061 | Devon Energy Corp | 206 | ||||||
2,870 | DHT Holdings, Inc | 15 | ||||||
640 | * | Diamond S Shipping Inc | 4 | |||||
4,362 | Diamondback Energy, Inc | 211 | ||||||
535 | DMC Global, Inc | 23 | ||||||
1,163 | * | Dorian LPG Ltd | 14 | |||||
1,470 | * | Dril-Quip, Inc | 44 | |||||
384 | * | Earthstone Energy, Inc | 2 | |||||
8,395 | EnCana Corp | 121 | ||||||
2,812 | *,e | Energy Fuels, Inc | 12 | |||||
18,606 | EOG Resources, Inc | 928 | ||||||
8,585 | EQT Corp | 109 | ||||||
9,115 | Equitrans Midstream Corp | 73 | ||||||
668 | Evolution Petroleum Corp | 2 | ||||||
1,256 | * | Exterran Corp | 6 | |||||
134,549 | Exxon Mobil Corp | 5,546 | ||||||
1,937 | * | Frank’s International NV | 5 | |||||
3,756 | e | Frontline Ltd | 23 | |||||
3,789 | * | Golar LNG Ltd | 37 | |||||
1,490 | * | Green Plains Inc | 20 | |||||
29,102 | Halliburton Co | 550 | ||||||
5,378 | * | Helix Energy Solutions Group, Inc | 23 | |||||
3,077 | Helmerich & Payne, Inc | 71 | ||||||
8,649 | Hess Corp | 457 | ||||||
3,670 | HollyFrontier Corp | 95 | ||||||
1,110 | International Seaways, Inc | 18 | ||||||
62,547 | Kinder Morgan, Inc | 855 | ||||||
12,787 | Kosmos Energy Ltd | 30 | ||||||
394 | Liberty Oilfield Services, Inc | 4 | ||||||
3,546 | * | Magnolia Oil & Gas Corp | 25 | |||||
26,715 | Marathon Oil Corp | 178 | ||||||
21,458 | Marathon Petroleum Corp | 888 | ||||||
3,403 | * | Matador Resources Co | 41 | |||||
1,193 | * | Matrix Service Co | 13 | |||||
1,827 | Murphy Oil Corp | 22 | ||||||
238 | Nabors Industries Ltd | 14 | ||||||
182 | Nacco Industries, Inc (Class A) | 5 | ||||||
3,366 | * | Newpark Resources, Inc | 6 | |||||
4,056 | * | NexTier Oilfield Solutions, Inc | 14 | |||||
3,925 | Nordic American Tankers Ltd | 12 |
19
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
12,994 | * | Nov, Inc | $ | 178 | ||||
26,926 | Occidental Petroleum Corp | 466 | ||||||
3,828 | * | Oceaneering International, Inc | 30 | |||||
2,073 | * | Oil States International, Inc | 10 | |||||
14,363 | ONEOK, Inc | 551 | ||||||
836 | * | Overseas Shipholding Group, Inc | 2 | |||||
1,291 | * | Par Pacific Holdings, Inc | 18 | |||||
9,552 | Parsley Energy, Inc | 136 | ||||||
3,514 | Patterson-UTI Energy, Inc | 18 | ||||||
3,006 | PBF Energy, Inc | 21 | ||||||
2,621 | * | PDC Energy, Inc | 54 | |||||
544 | *,e | Penn Virginia Corp | 6 | |||||
14,167 | Phillips 66 | 991 | ||||||
5,457 | Pioneer Natural Resources Co | 621 | ||||||
76 | * | PrimeEnergy Corp | 3 | |||||
2,609 | * | ProPetro Holding Corp | 19 | |||||
7,038 | * | Range Resources Corp | 47 | |||||
1,199 | * | Renewable Energy Group, Inc | 85 | |||||
234 | * | Rex American Resources Corp | 17 | |||||
2,256 | * | RPC, Inc | 7 | |||||
46,099 | Schlumberger Ltd | 1,006 | ||||||
1,622 | e | Scorpio Tankers, Inc | 18 | |||||
351 | * | Select Energy Services, Inc | 1 | |||||
2,365 | SFL Corp Ltd | 15 | ||||||
3,447 | SM Energy Co | 21 | ||||||
369 | Solaris Oilfield Infrastructure, Inc | 3 | ||||||
18,663 | * | Southwestern Energy Co | 56 | |||||
749 | * | Talos Energy, Inc | 6 | |||||
7,616 | Targa Resources Investments, Inc | 201 | ||||||
2,116 | *,e | Tellurian, Inc | 3 | |||||
878 | * | Tidewater, Inc | 8 | |||||
5,127 | *,e | Uranium Energy Corp | 9 | |||||
3,143 | US Silica Holdings, Inc | 22 | ||||||
13,534 | Valero Energy Corp | 766 | ||||||
3,587 | *,e | W&T Offshore, Inc | 8 | |||||
39,497 | Williams Cos, Inc | 792 | ||||||
1,789 | World Fuel Services Corp | 56 | ||||||
13,621 | * | WPX Energy, Inc | 111 | |||||
|
| |||||||
TOTAL ENERGY | 25,968 | |||||||
|
| |||||||
FOOD & STAPLES RETAILING - 1.3% | ||||||||
1,188 | e | Albertsons Cos, Inc | 21 | |||||
1,108 | Andersons, Inc | 27 | ||||||
4,447 | * | BJ’s Wholesale Club Holdings, Inc | 166 | |||||
1,203 | Casey’s General Stores, Inc | 215 | ||||||
776 | * | Chefs’ Warehouse Holdings, Inc | 20 | |||||
14,085 | Costco Wholesale Corp | 5,307 | ||||||
2,230 | * | Grocery Outlet Holding Corp | 88 | |||||
555 | Ingles Markets, Inc (Class A) | 24 | ||||||
23,715 | Kroger Co | 753 | ||||||
345 | Natural Grocers by Vitamin C | 5 | ||||||
4,210 | * | Performance Food Group Co | 200 | |||||
820 | Pricesmart, Inc | 75 | ||||||
1,730 | *,e | Rite Aid Corp | 27 |
20
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
957 | SpartanNash Co | $ | 17 | |||||
3,683 | * | Sprouts Farmers Market, Inc | 74 | |||||
15,700 | SYSCO Corp | 1,166 | ||||||
2,032 | * | United Natural Foods, Inc | 32 | |||||
7,566 | * | US Foods Holding Corp | 252 | |||||
292 | Village Super Market (Class A) | 6 | ||||||
23,456 | Walgreens Boots Alliance, Inc | 935 | ||||||
44,260 | Walmart, Inc | 6,380 | ||||||
313 | Weis Markets, Inc | 15 | ||||||
|
| |||||||
TOTAL FOOD & STAPLES RETAILING | 15,805 | |||||||
|
| |||||||
FOOD, BEVERAGE & TOBACCO - 3.0% | ||||||||
135 | Alico, Inc | 4 | ||||||
58,942 | Altria Group, Inc | 2,417 | ||||||
17,413 | Archer-Daniels-Midland Co | 878 | ||||||
2,508 | e | B&G Foods, Inc (Class A) | 70 | |||||
1,699 | *,e | Beyond Meat, Inc | 212 | |||||
285 | * | Boston Beer Co, Inc (Class A) | 283 | |||||
347 | * | Bridgford Foods Corp | 6 | |||||
1,291 | Brown-Forman Corp (Class A) | 95 | ||||||
5,799 | Brown-Forman Corp (Class B) | 461 | ||||||
4,179 | Bunge Ltd | 274 | ||||||
583 | Calavo Growers, Inc | 40 | ||||||
1,263 | * | Cal-Maine Foods, Inc | 47 | |||||
5,433 | Campbell Soup Co | 263 | ||||||
1,121 | * | Celsius Holdings, Inc | 56 | |||||
122,866 | Coca-Cola Co | 6,738 | ||||||
185 | Coca-Cola Consolidated Inc | 49 | ||||||
15,498 | ConAgra Brands, Inc | 562 | ||||||
5,143 | Constellation Brands, Inc (Class A) | 1,127 | ||||||
4,729 | * | Darling International, Inc | 273 | |||||
288 | * | Farmer Bros Co | 1 | |||||
5,653 | Flowers Foods, Inc | 128 | ||||||
1,315 | Fresh Del Monte Produce, Inc | 32 | ||||||
1,239 | * | Freshpet, Inc | 176 | |||||
19,324 | General Mills, Inc | 1,136 | ||||||
2,641 | * | Hain Celestial Group, Inc | 106 | |||||
4,626 | Hershey Co | 705 | ||||||
8,693 | Hormel Foods Corp | 405 | ||||||
3,112 | * | Hostess Brands, Inc | 46 | |||||
2,304 | Ingredion, Inc | 181 | ||||||
585 | J&J Snack Foods Corp | 91 | ||||||
3,429 | J.M. Smucker Co | 396 | ||||||
368 | John B. Sanfilippo & Son, Inc | 29 | ||||||
7,478 | Kellogg Co | 465 | ||||||
14,299 | Keurig Dr Pepper, Inc | 458 | ||||||
20,557 | Kraft Heinz Co | 713 | ||||||
4,854 | Lamb Weston Holdings, Inc | 382 | ||||||
621 | Lancaster Colony Corp | 114 | ||||||
1,056 | * | Landec Corp | 11 | |||||
443 | Limoneira Co | 7 | ||||||
7,746 | McCormick & Co, Inc | 741 | ||||||
476 | MGP Ingredients, Inc | 22 | ||||||
5,596 | Molson Coors Brewing Co (Class B) | 253 |
21
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
44,831 | Mondelez International, Inc | $ | 2,621 | |||||
11,451 | * | Monster Beverage Corp | 1,059 | |||||
457 | National Beverage Corp | 39 | ||||||
44,053 | PepsiCo, Inc | 6,533 | ||||||
49,397 | Philip Morris International, Inc | 4,090 | ||||||
1,486 | * | Pilgrim’s Pride Corp | 29 | |||||
1,888 | * | Post Holdings, Inc | 191 | |||||
4,873 | Primo Water Corp | 76 | ||||||
690 | Sanderson Farms, Inc | 91 | ||||||
10 | Seaboard Corp | 30 | ||||||
365 | * | Seneca Foods Corp | 15 | |||||
2,221 | * | Simply Good Foods Co | 70 | |||||
344 | e | Tootsie Roll Industries, Inc | 10 | |||||
1,943 | * | TreeHouse Foods, Inc | 83 | |||||
183 | Turning Point Brands, Inc | 8 | ||||||
8,944 | Tyson Foods, Inc (Class A) | 576 | ||||||
627 | Universal Corp | 31 | ||||||
3,396 | Vector Group Ltd | 40 | ||||||
|
| |||||||
TOTAL FOOD, BEVERAGE & TOBACCO | 36,045 | |||||||
|
| |||||||
HEALTH CARE EQUIPMENT & SERVICES - 6.4% | ||||||||
2,499 | * | 1Life Healthcare, Inc | 109 | |||||
55,172 | Abbott Laboratories | 6,041 | ||||||
1,449 | * | Abiomed, Inc | 470 | |||||
3,023 | * | Acadia Healthcare Co, Inc | 152 | |||||
987 | *,e | Accelerate Diagnostics, Inc | 7 | |||||
323 | * | Accolade, Inc | 14 | |||||
3,073 | * | Accuray, Inc | 13 | |||||
767 | * | AdaptHealth Corp | 29 | |||||
409 | * | Addus HomeCare Corp | 48 | |||||
2,453 | * | Align Technology, Inc | 1,311 | |||||
5,659 | * | Allscripts Healthcare Solutions, Inc | 82 | |||||
2,458 | * | Alphatec Holdings Inc | 36 | |||||
956 | * | Amedisys, Inc | 280 | |||||
368 | * | American Renal Associates Holdings, Inc | 4 | |||||
1,281 | * | American Well Corp | 32 | |||||
4,561 | AmerisourceBergen Corp | 446 | ||||||
1,491 | * | AMN Healthcare Services, Inc | 102 | |||||
1,310 | * | Angiodynamics, Inc | 20 | |||||
5,621 | * | Antares Pharma, Inc | 22 | |||||
7,933 | Anthem, Inc | 2,547 | ||||||
912 | * | Apollo Medical Holdings, Inc | 17 | |||||
1,701 | * | Apyx Medical Corp | 12 | |||||
4,339 | *,e | Aspira Women’s Health, Inc | 29 | |||||
1,229 | * | AtriCure, Inc | 68 | |||||
40 | Atrion Corp | 26 | ||||||
1,812 | * | Avanos Medical, Inc | 83 | |||||
1,009 | *,e | AxoGen, Inc | 18 | |||||
978 | *,e | Axonics Modulation Technologies, Inc | 49 | |||||
16,149 | Baxter International, Inc | 1,296 | ||||||
8,739 | Becton Dickinson & Co | 2,187 | ||||||
395 | * | BioLife Solutions Inc | 16 | |||||
1,145 | *,e | BioSig Technologies Inc | 4 | |||||
1,148 | * | BioTelemetry, Inc | 83 |
22
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
45,497 | * | Boston Scientific Corp | $ | 1,636 | ||||
7,134 | * | Brookdale Senior Living, Inc | 32 | |||||
1,418 | Cantel Medical Corp | 112 | ||||||
9,322 | Cardinal Health, Inc | 499 | ||||||
1,207 | * | Cardiovascular Systems, Inc | 53 | |||||
325 | * | Castle Biosciences, Inc | 22 | |||||
18,130 | * | Centene Corp | 1,088 | |||||
9,679 | Cerner Corp | 760 | ||||||
4,212 | * | Cerus Corp | 29 | |||||
7,587 | * | Change Healthcare, Inc | 141 | |||||
436 | Chemed Corp | 232 | ||||||
11,282 | Cigna Corp | 2,349 | ||||||
834 | *,e | Co-Diagnostics, Inc | 8 | |||||
2,637 | * | Community Health Systems, Inc | 20 | |||||
481 | Computer Programs & Systems, Inc | 13 | ||||||
930 | Conmed Corp | 104 | ||||||
1,517 | Cooper Cos, Inc | 551 | ||||||
368 | * | Corvel Corp | 39 | |||||
3,149 | * | Covetrus, Inc | 90 | |||||
1,273 | * | Cross Country Healthcare, Inc | 11 | |||||
1,250 | * | CryoLife, Inc | 29 | |||||
917 | *,e | CryoPort, Inc | 40 | |||||
593 | * | Cutera, Inc | 14 | |||||
41,684 | CVS Health Corp | 2,847 | ||||||
1,039 | * | CytoSorbents Corp | 8 | |||||
20,043 | Danaher Corp | 4,452 | ||||||
2,389 | * | DaVita, Inc | 280 | |||||
7,288 | Dentsply Sirona, Inc | 382 | ||||||
2,977 | * | DexCom, Inc | 1,101 | |||||
19,653 | * | Edwards Lifesciences Corp | 1,793 | |||||
3,069 | Encompass Health Corp | 254 | ||||||
1,885 | Ensign Group, Inc | 137 | ||||||
4,763 | * | Envista Holdings Corp | 161 | |||||
1,556 | * | Enzo Biochem, Inc | 4 | |||||
2,484 | * | Evolent Health, Inc | 40 | |||||
404 | * | Fulgent Genetics, Inc | 21 | |||||
1,865 | * | GenMark Diagnostics, Inc | 27 | |||||
1,112 | * | Glaukos Corp | 84 | |||||
2,512 | * | Globus Medical, Inc | 164 | |||||
2,433 | * | Guardant Health, Inc | 314 | |||||
1,656 | * | Haemonetics Corp | 197 | |||||
1,155 | * | Hanger Inc | 25 | |||||
8,595 | HCA Healthcare, Inc | 1,414 | ||||||
1,019 | * | Health Catalyst, Inc | 44 | |||||
2,242 | * | HealthEquity, Inc | 156 | |||||
1,071 | * | HealthStream, Inc | 23 | |||||
4,798 | * | Henry Schein, Inc | 321 | |||||
236 | * | Heska Corp | 34 | |||||
1,862 | Hill-Rom Holdings, Inc | 182 | ||||||
2,138 | * | HMS Holdings Corp | 79 | |||||
8,045 | * | Hologic, Inc | 586 | |||||
4,223 | Humana, Inc | 1,733 | ||||||
588 | * | ICU Medical, Inc | 126 | |||||
2,710 | * | IDEXX Laboratories, Inc | 1,355 |
23
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
214 | * | Inari Medical, Inc | $ | 19 | ||||
672 | * | Inogen, Inc | 30 | |||||
2,425 | * | Inovalon Holdings, Inc | 44 | |||||
841 | * | Inspire Medical Systems, Inc | 158 | |||||
2,057 | * | Insulet Corp | 526 | |||||
935 | * | Integer Holding Corp | 76 | |||||
2,413 | * | Integra LifeSciences Holdings Corp | 157 | |||||
222 | * | IntriCon Corp | 4 | |||||
3,666 | * | Intuitive Surgical, Inc | 2,999 | |||||
1,260 | Invacare Corp | 11 | ||||||
878 | * | iRhythm Technologies, Inc | 208 | |||||
574 | * | Joint Corp | 15 | |||||
3,033 | * | Laboratory Corp of America Holdings | 617 | |||||
1,734 | * | Lantheus Holdings, Inc | 23 | |||||
562 | LeMaitre Vascular, Inc | 23 | ||||||
131 | * | LENSAR, Inc | 1 | |||||
1,045 | * | LHC Group, Inc | 223 | |||||
1,646 | * | LivaNova plc | 109 | |||||
735 | * | Magellan Health Services, Inc | 61 | |||||
1,557 | * | Masimo Corp | 418 | |||||
5,147 | McKesson Corp | 895 | ||||||
2,494 | * | MEDNAX, Inc | 61 | |||||
42,796 | Medtronic plc | 5,013 | ||||||
1,637 | * | Meridian Bioscience, Inc | 31 | |||||
1,836 | * | Merit Medical Systems, Inc | 102 | |||||
126 | Mesa Laboratories, Inc | 36 | ||||||
402 | * | Misonix Inc | 5 | |||||
1,840 | * | Molina Healthcare, Inc | 391 | |||||
212 | National Healthcare Corp | 14 | ||||||
357 | National Research Corp | 15 | ||||||
1,257 | * | Natus Medical, Inc | 25 | |||||
1,786 | * | Neogen Corp | 142 | |||||
1,074 | * | Nevro Corp | 186 | |||||
1,960 | * | NextGen Healthcare, Inc | 36 | |||||
3,238 | * | Novocure Ltd | 560 | |||||
1,734 | * | NuVasive, Inc | 98 | |||||
491 | * | Oak Street Health, Inc | 30 | |||||
1,384 | * | Omnicell, Inc | 166 | |||||
75 | * | Ontrak, Inc | 5 | |||||
681 | * | OptimizeRx Corp | 21 | |||||
1,132 | * | Option Care Health, Inc | 18 | |||||
2,181 | * | OraSure Technologies, Inc | 23 | |||||
679 | * | Orthofix Medical Inc | 29 | |||||
225 | * | OrthoPediatrics Corp | 9 | |||||
258 | * | Outset Medical, Inc | 15 | |||||
2,343 | Owens & Minor, Inc | 63 | ||||||
3,229 | Patterson Cos, Inc | 96 | ||||||
942 | * | Pennant Group, Inc | 55 | |||||
1,075 | * | Penumbra, Inc | 188 | |||||
619 | *,e | PetIQ, Inc | 24 | |||||
775 | * | Phreesia, Inc | 42 | |||||
3,726 | Premier, Inc | 131 | ||||||
799 | * | Progyny, Inc | 34 | |||||
495 | * | Providence Service Corp | 69 |
24
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
308 | * | Pulmonx Corp | $ | 21 | ||||
428 | *,e | Pulse Biosciences, Inc | 10 | |||||
4,160 | Quest Diagnostics, Inc | 496 | ||||||
1,224 | * | Quidel Corp | 220 | |||||
1,933 | * | Quotient Ltd | 10 | |||||
3,887 | * | R1 RCM, Inc | 93 | |||||
1,510 | * | RadNet, Inc | 30 | |||||
4,473 | Resmed, Inc | 951 | ||||||
1,891 | *,e | Rockwell Medical, Inc | 2 | |||||
924 | * | Schrodinger, Inc | 73 | |||||
640 | * | SeaSpine Holdings Corp | 11 | |||||
4,065 | * | Select Medical Holdings Corp | 112 | |||||
839 | * | Shockwave Medical Inc | 87 | |||||
278 | * | SI-BONE, Inc | 8 | |||||
549 | * | Sientra, Inc | 2 | |||||
987 | * | Silk Road Medical Inc | 62 | |||||
414 | Simulations Plus, Inc | 30 | ||||||
1,514 | * | Staar Surgical Co | 120 | |||||
2,595 | STERIS plc | 492 | ||||||
11,115 | Stryker Corp | 2,724 | ||||||
2,673 | * | Surgalign Holdings, Inc | 6 | |||||
643 | * | Surgery Partners, Inc | 19 | |||||
516 | * | SurModics, Inc | 22 | |||||
641 | *,e | Tabula Rasa HealthCare, Inc | 27 | |||||
357 | * | Tactile Systems Technology, Inc | 16 | |||||
1,948 | * | Tandem Diabetes Care, Inc | 186 | |||||
3,257 | * | Teladoc, Inc | 651 | |||||
1,491 | Teleflex, Inc | 614 | ||||||
3,172 | * | Tenet Healthcare Corp | 127 | |||||
1,669 | * | Tivity Health, Inc | 33 | |||||
604 | * | Transmedics Group, Inc | 12 | |||||
996 | * | Triple-S Management Corp (Class B) | 21 | |||||
30,006 | UnitedHealth Group, Inc | 10,522 | ||||||
2,456 | Universal Health Services, Inc (Class B) | 338 | ||||||
468 | US Physical Therapy, Inc | 56 | ||||||
149 | Utah Medical Products, Inc | 13 | ||||||
627 | *,e | Vapotherm, Inc | 17 | |||||
1,492 | * | Varex Imaging Corp | 25 | |||||
2,768 | * | Varian Medical Systems, Inc | 484 | |||||
4,322 | * | Veeva Systems, Inc | 1,177 | |||||
1,066 | * | Viemed Healthcare, Inc | 8 | |||||
2,437 | * | ViewRay, Inc | 9 | |||||
1,082 | * | Vocera Communications, Inc | 45 | |||||
2,301 | West Pharmaceutical Services, Inc | 652 | ||||||
6,735 | Zimmer Biomet Holdings, Inc | 1,038 | ||||||
953 | *,e | Zynex Inc | 13 | |||||
|
| |||||||
TOTAL HEALTH CARE EQUIPMENT & SERVICES | 77,904 | |||||||
|
| |||||||
HOUSEHOLD & PERSONAL PRODUCTS - 1.6% | ||||||||
1,245 | * | BellRing Brands, Inc | 30 | |||||
400 | * | Central Garden & Pet Co | 15 | |||||
1,366 | * | Central Garden and Pet Co (Class A) | 50 | |||||
7,849 | Church & Dwight Co, Inc | 685 | ||||||
4,110 | Clorox Co | 830 |
25
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
26,670 | Colgate-Palmolive Co | $ | 2,280 | |||||
10,208 | Coty, Inc | 72 | ||||||
1,561 | Edgewell Personal Care Co | 54 | ||||||
812 | * | elf Beauty, Inc | 20 | |||||
2,086 | Energizer Holdings, Inc | 88 | ||||||
7,056 | Estee Lauder Cos (Class A) | 1,878 | ||||||
2,976 | * | Herbalife Nutrition Ltd | 143 | |||||
735 | Inter Parfums, Inc | 44 | ||||||
10,628 | Kimberly-Clark Corp | 1,433 | ||||||
385 | Medifast, Inc | 76 | ||||||
537 | * | Nature’s Sunshine Products, Inc | 8 | |||||
1,771 | Nu Skin Enterprises, Inc (Class A) | 97 | ||||||
255 | Oil-Dri Corp of America | 9 | ||||||
77,398 | Procter & Gamble Co | 10,769 | ||||||
480 | * | Revlon, Inc (Class A) | 6 | |||||
1,260 | Reynolds Consumer Products Inc | 38 | ||||||
1,309 | Spectrum Brands Holdings, Inc | 103 | ||||||
426 | * | USANA Health Sciences, Inc | 33 | |||||
1,597 | * | Veru, Inc | 14 | |||||
463 | WD-40 Co | 123 | ||||||
|
| |||||||
TOTAL HOUSEHOLD & PERSONAL PRODUCTS | 18,898 | |||||||
|
| |||||||
INSURANCE - 2.0% | ||||||||
22,063 | Aflac, Inc | 981 | ||||||
479 | Alleghany Corp | 289 | ||||||
9,577 | Allstate Corp | 1,053 | ||||||
1,747 | * | AMBAC Financial Group, Inc | 27 | |||||
2,546 | American Equity Investment Life Holding Co | 70 | ||||||
2,360 | American Financial Group, Inc | 207 | ||||||
27,455 | American International Group, Inc | 1,039 | ||||||
41 | American National Group, Inc | 4 | ||||||
751 | Amerisafe, Inc | 43 | ||||||
7,276 | Aon plc | 1,537 | ||||||
12,545 | * | Arch Capital Group Ltd | 453 | |||||
1,294 | * | Argo Group International Holdings Ltd | 57 | |||||
5,903 | Arthur J. Gallagher & Co | 730 | ||||||
2,021 | Assurant, Inc | 275 | ||||||
2,339 | Assured Guaranty Ltd | 74 | ||||||
3,443 | * | Athene Holding Ltd | 149 | |||||
2,754 | Axis Capital Holdings Ltd | 139 | ||||||
2,527 | * | Brighthouse Financial, Inc | 92 | |||||
7,135 | Brown & Brown, Inc | 338 | ||||||
1,025 | * | BRP Group, Inc | 31 | |||||
14,352 | Chubb Ltd | 2,209 | ||||||
4,980 | Cincinnati Financial Corp | 435 | ||||||
2,162 | *,e | Citizens, Inc (Class A) | 12 | |||||
758 | CNA Financial Corp | 30 | ||||||
4,045 | Conseco, Inc | 90 | ||||||
406 | Donegal Group, Inc (Class A) | 6 | ||||||
746 | * | eHealth, Inc | 53 | |||||
1,239 | Employers Holdings, Inc | 40 | ||||||
294 | * | Enstar Group Ltd | 60 | |||||
689 | Erie Indemnity Co (Class A) | 169 | ||||||
1,321 | Everest Re Group Ltd | 309 |
26
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
371 | FBL Financial Group, Inc (Class A) | $ | 19 | |||||
485 | FedNat Holding Co | 3 | ||||||
9,116 | Fidelity National Financial Inc | 356 | ||||||
3,673 | First American Financial Corp | 190 | ||||||
13,000 | * | Genworth Financial, Inc (Class A) | 49 | |||||
3,161 | Globe Life, Inc | 300 | ||||||
1,121 | * | GoHealth, Inc | 15 | |||||
345 | Goosehead Insurance, Inc | 43 | ||||||
621 | * | Greenlight Capital Re Ltd (Class A) | 5 | |||||
1,148 | Hanover Insurance Group, Inc | 134 | ||||||
11,913 | Hartford Financial Services Group, Inc | 584 | ||||||
290 | HCI Group, Inc | 15 | ||||||
1,074 | Heritage Insurance Holdings, Inc | 11 | ||||||
1,591 | Horace Mann Educators Corp | 67 | ||||||
345 | Independence Holding Co | 14 | ||||||
62 | Investors Title Co | 9 | ||||||
646 | James River Group Holdings Ltd | 32 | ||||||
1,556 | Kemper Corp | 120 | ||||||
651 | Kinsale Capital Group, Inc | 130 | ||||||
349 | *,e | Lemonade, Inc | 43 | |||||
5,511 | Lincoln National Corp | 277 | ||||||
8,012 | Loews Corp | 361 | ||||||
422 | * | Markel Corp | 436 | |||||
15,989 | Marsh & McLennan Cos, Inc | 1,871 | ||||||
2,696 | * | MBIA, Inc | 18 | |||||
245 | Mercury General Corp | 13 | ||||||
24,308 | Metlife, Inc | 1,141 | ||||||
1,991 | National General Holdings Corp | 68 | ||||||
92 | National Western Life Group, Inc | 19 | ||||||
394 | * | NI Holdings, Inc | 6 | |||||
9,089 | Old Republic International Corp | 179 | ||||||
613 | * | Palomar Holdings, Inc | 54 | |||||
1,239 | Primerica, Inc | 166 | ||||||
9,249 | Principal Financial Group | 459 | ||||||
1,956 | ProAssurance Corp | 35 | ||||||
18,771 | Progressive Corp | 1,856 | ||||||
422 | Protective Insurance Corp | 6 | ||||||
12,808 | Prudential Financial, Inc | 1,000 | ||||||
2,140 | Reinsurance Group of America, Inc (Class A) | 248 | ||||||
1,651 | RenaissanceRe Holdings Ltd | 274 | ||||||
1,226 | RLI Corp | 128 | ||||||
192 | Safety Insurance Group, Inc | 15 | ||||||
2,223 | Selective Insurance Group, Inc | 149 | ||||||
876 | * | Selectquote, Inc | 18 | |||||
630 | State Auto Financial Corp | 11 | ||||||
815 | Stewart Information Services Corp | 39 | ||||||
2,745 | * | Third Point Reinsurance Ltd | 26 | |||||
1,255 | Tiptree Inc | 6 | ||||||
8,026 | Travelers Cos, Inc | 1,127 | ||||||
855 | * | Trupanion, Inc | 102 | |||||
844 | United Fire Group Inc | 21 | ||||||
739 | United Insurance Holdings Corp | 4 | ||||||
1,340 | Universal Insurance Holdings, Inc | 20 | ||||||
6,435 | Unum Group | 148 |
27
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
4,811 | W.R. Berkley Corp | $ | 320 | |||||
615 | * | Watford Holdings Ltd | 21 | |||||
105 | White Mountains Insurance Group Ltd | 105 | ||||||
4,054 | Willis Towers Watson plc | 854 | ||||||
|
| |||||||
TOTAL INSURANCE | 24,741 | |||||||
|
| |||||||
MATERIALS - 2.8% | ||||||||
788 | Advanced Emissions Solutions, Inc | 4 | ||||||
1,237 | * | AdvanSix, Inc | 25 | |||||
6,977 | Air Products & Chemicals, Inc | 1,906 | ||||||
3,442 | Albemarle Corp | 508 | ||||||
6,581 | * | Alcoa Corp | 152 | |||||
4,202 | * | Allegheny Technologies, Inc | 70 | |||||
49,434 | Amcor plc | 582 | ||||||
1,143 | American Vanguard Corp | 18 | ||||||
3,234 | *,e | Amyris, Inc | 20 | |||||
1,996 | Aptargroup, Inc | 273 | ||||||
3,221 | * | Arconic Corp | 96 | |||||
716 | Ardagh Group S.A. | 12 | ||||||
1,879 | Ashland Global Holdings, Inc | 149 | ||||||
2,687 | Avery Dennison Corp | 417 | ||||||
3,172 | Avient Corp | 128 | ||||||
7,111 | * | Axalta Coating Systems Ltd | 203 | |||||
1,092 | Balchem Corp | 126 | ||||||
10,240 | Ball Corp | 954 | ||||||
3,811 | * | Berry Global Group, Inc | 214 | |||||
1,581 | Boise Cascade Co | 76 | ||||||
1,693 | Cabot Corp | 76 | ||||||
1,812 | Carpenter Technology Corp | 53 | ||||||
3,641 | Celanese Corp (Series A) | 473 | ||||||
1,952 | * | Century Aluminum Co | 22 | |||||
7,099 | CF Industries Holdings, Inc | 275 | ||||||
284 | Chase Corp | 29 | ||||||
5,165 | Chemours Co | 128 | ||||||
623 | * | Clearwater Paper Corp | 23 | |||||
12,268 | e | Cleveland-Cliffs, Inc | 179 | |||||
6,825 | * | Coeur Mining, Inc | 71 | |||||
2,958 | Commercial Metals Co | 61 | ||||||
1,021 | Compass Minerals International, Inc | 63 | ||||||
23,597 | Corteva, Inc | 914 | ||||||
4,107 | * | Crown Holdings, Inc | 412 | |||||
1,526 | Domtar Corp | 48 | ||||||
23,830 | Dow, Inc | 1,323 | ||||||
23,311 | DuPont de Nemours, Inc | 1,658 | ||||||
1,248 | Eagle Materials, Inc | 126 | ||||||
4,180 | Eastman Chemical Co | 419 | ||||||
7,871 | Ecolab, Inc | 1,703 | ||||||
7,504 | Element Solutions, Inc | 133 | ||||||
2,253 | * | Ferro Corp | 33 | |||||
2,943 | *,† | Ferroglobe plc | 0 | |||||
4,102 | FMC Corp | 471 | ||||||
657 | * | Forterra, Inc | 11 | |||||
46,047 | Freeport-McMoRan, Inc (Class B) | 1,198 | ||||||
954 | FutureFuel Corp | 12 |
28
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
1,276 | * | GCP Applied Technologies, Inc | $ | 30 | ||||
1,827 | Glatfelter Corp | 30 | ||||||
2,189 | Gold Resource Corp | 6 | ||||||
7,879 | Graphic Packaging Holding Co | 133 | ||||||
985 | Greif, Inc (Class A) | 46 | ||||||
203 | Greif, Inc (Class B) | 10 | ||||||
1,961 | H.B. Fuller Co | 102 | ||||||
377 | Hawkins, Inc | 20 | ||||||
501 | Haynes International, Inc | 12 | ||||||
17,634 | Hecla Mining Co | 114 | ||||||
6,401 | Huntsman Corp | 161 | ||||||
1,405 | * | Ingevity Corp | 106 | |||||
974 | Innospec, Inc | 88 | ||||||
3,395 | e | International Flavors & Fragrances, Inc | 369 | |||||
12,526 | International Paper Co | 623 | ||||||
362 | * | Intrepid Potash, Inc | 9 | |||||
112 | Kaiser Aluminum Corp | 11 | ||||||
850 | * | Koppers Holdings, Inc | 26 | |||||
929 | * | Kraton Corp | 26 | |||||
893 | Kronos Worldwide, Inc | 13 | ||||||
16,658 | Linde plc | 4,390 | ||||||
3,233 | * | Livent Corp | 61 | |||||
3,733 | Louisiana-Pacific Corp | 139 | ||||||
8,089 | LyondellBasell Industries NV | 741 | ||||||
2,058 | Martin Marietta Materials, Inc | 584 | ||||||
774 | Materion Corp | 49 | ||||||
1,370 | Minerals Technologies, Inc | 85 | ||||||
11,527 | Mosaic Co | 265 | ||||||
871 | Myers Industries, Inc | 18 | ||||||
642 | Neenah Inc | 35 | ||||||
209 | NewMarket Corp | 83 | ||||||
25,664 | Newmont Goldcorp Corp | 1,537 | ||||||
8,146 | * | Novagold Resources Inc | 79 | |||||
9,460 | Nucor Corp | 503 | ||||||
5,702 | O-I Glass, Inc | 68 | ||||||
4,718 | Olin Corp | 116 | ||||||
395 | Olympic Steel, Inc | 5 | ||||||
2,087 | Orion Engineered Carbons SA | 36 | ||||||
3,168 | Packaging Corp of America | 437 | ||||||
728 | * | Pactiv Evergreen, Inc | 13 | |||||
7,378 | PPG Industries, Inc | 1,064 | ||||||
890 | PQ Group Holdings, Inc | 13 | ||||||
452 | Quaker Chemical Corp | 115 | ||||||
1,744 | * | Rayonier Advanced Materials, Inc | 11 | |||||
1,900 | Reliance Steel & Aluminum Co | 228 | ||||||
2,154 | Royal Gold, Inc | 229 | ||||||
3,925 | RPM International, Inc | 356 | ||||||
592 | * | Ryerson Holding Corp | 8 | |||||
1,051 | Schnitzer Steel Industries, Inc (Class A) | 34 | ||||||
766 | Schweitzer-Mauduit International, Inc | 31 | ||||||
1,290 | Scotts Miracle-Gro Co (Class A) | 257 | ||||||
5,274 | �� | Sealed Air Corp | 241 | |||||
1,015 | Sensient Technologies Corp | 75 | ||||||
2,611 | Sherwin-Williams Co | 1,919 |
29
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
2,434 | Silgan Holdings, Inc | $ | 90 | |||||
3,066 | Sonoco Products Co | 182 | ||||||
2,484 | Southern Copper Corp | 162 | ||||||
6,873 | Steel Dynamics, Inc | 253 | ||||||
479 | Stepan Co | 57 | ||||||
3,397 | * | Summit Materials, Inc | 68 | |||||
2,524 | SunCoke Energy, Inc | 11 | ||||||
1,535 | * | TimkenSteel Corp | 7 | |||||
970 | * | Trecora Resources | 7 | |||||
1,164 | Tredegar Corp | 19 | ||||||
1,292 | Trinseo S.A. | 66 | ||||||
2,505 | Tronox Holdings plc | 37 | ||||||
226 | * | UFP Technologies, Inc | 11 | |||||
66 | United States Lime & Minerals, Inc | 8 | ||||||
6,912 | United States Steel Corp | 116 | ||||||
577 | * | US Concrete, Inc | 23 | |||||
5,735 | Valvoline, Inc | 133 | ||||||
1,233 | Verso Corp | 15 | ||||||
4,415 | Vulcan Materials Co | 655 | ||||||
1,812 | Warrior Met Coal, Inc | 39 | ||||||
1,167 | Westlake Chemical Corp | 95 | ||||||
8,064 | WestRock Co | 351 | ||||||
858 | Worthington Industries, Inc | 44 | ||||||
2,080 | WR Grace and Co | 114 | ||||||
|
| |||||||
TOTAL MATERIALS | 34,170 | |||||||
|
| |||||||
MEDIA & ENTERTAINMENT - 8.3% | ||||||||
24,077 | Activision Blizzard, Inc | 2,235 | ||||||
9,557 | * | Alphabet, Inc (Class A) | 16,750 | |||||
9,246 | * | Alphabet, Inc (Class C) | 16,198 | |||||
9,991 | * | Altice USA, Inc | 378 | |||||
2,111 | e | AMC Entertainment Holdings, Inc | 4 | |||||
1,137 | *,e | AMC Networks, Inc | 41 | |||||
163 | Cable One, Inc | 363 | ||||||
839 | * | Cardlytics, Inc | 120 | |||||
2,709 | * | Cargurus, Inc | 86 | |||||
2,801 | * | Cars.com, Inc | 32 | |||||
4,613 | * | Charter Communications, Inc | 3,052 | |||||
4,142 | e | Cinemark Holdings, Inc | 72 | |||||
143,894 | Comcast Corp (Class A) | 7,540 | ||||||
46 | * | Daily Journal Corp | 18 | |||||
4,788 | * | Discovery, Inc (Class A) | 144 | |||||
9,197 | * | Discovery, Inc (Class C) | 241 | |||||
7,763 | * | DISH Network Corp (Class A) | 251 | |||||
8,960 | Electronic Arts, Inc | 1,287 | ||||||
568 | Emerald Holding, Inc | 3 | ||||||
4,712 | Entercom Communications Corp (Class A) | 12 | ||||||
2,637 | Entravision Communications Corp (Class A) | 7 | ||||||
798 | *,e | Eros International plc | 1 | |||||
1,282 | * | Eventbrite Inc | 23 | |||||
452 | * | EverQuote Inc | 17 | |||||
2,274 | EW Scripps Co (Class A) | 35 | ||||||
76,346 | * | Facebook, Inc | 20,855 | |||||
2,575 | * | Fluent, Inc | 14 |
30
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
11,361 | Fox Corp (Class A) | $ | 331 | |||||
4,988 | Fox Corp (Class B) | 144 | ||||||
322 | * | Gaia, Inc | 3 | |||||
4,064 | * | Glu Mobile, Inc | 37 | |||||
2,680 | * | Gray Television, Inc | 48 | |||||
408 | * | Hemisphere Media Group, Inc | 4 | |||||
1,851 | *,e | iHeartMedia, Inc | 24 | |||||
2,264 | * | Imax Corp | 41 | |||||
13,511 | Interpublic Group of Cos, Inc | 318 | ||||||
1,634 | John Wiley & Sons, Inc (Class A) | 75 | ||||||
428 | * | Liberty Braves Group (Class A) | 11 | |||||
1,434 | * | Liberty Braves Group (Class C) | 36 | |||||
661 | * | Liberty Broadband Corp (Class A) | 104 | |||||
5,121 | * | Liberty Broadband Corp (Class C) | 811 | |||||
998 | * | Liberty Media Group (Class A) | 38 | |||||
6,669 | * | Liberty Media Group (Class C) | 284 | |||||
2,847 | * | Liberty SiriusXM Group (Class A) | 123 | |||||
5,809 | * | Liberty SiriusXM Group (Class C) | 253 | |||||
3,006 | * | Liberty TripAdvisor Holdings, Inc | 13 | |||||
2,000 | * | Lions Gate Entertainment Corp (Class A) | 23 | |||||
3,835 | * | Lions Gate Entertainment Corp (Class B) | 40 | |||||
4,619 | * | Live Nation, Inc | 339 | |||||
1,013 | * | LiveXLive Media, Inc | 3 | |||||
190 | Loral Space & Communications, Inc | 4 | ||||||
627 | * | Madison Square Garden Co | 115 | |||||
627 | * | Madison Square Garden Entertainment Corp | 66 | |||||
736 | Marcus Corp | 10 | ||||||
6,899 | * | Match Group, Inc | 1,043 | |||||
276 | * | MediaAlpha, Inc | 11 | |||||
1,180 | Meredith Corp | 23 | ||||||
2,361 | * | MSG Networks, Inc | 35 | |||||
2,714 | National CineMedia, Inc | 10 | ||||||
13,568 | * | Netflix, Inc | 7,337 | |||||
5,263 | New York Times Co (Class A) | 272 | ||||||
11,739 | News Corp (Class A) | 211 | ||||||
4,708 | News Corp (Class B) | 84 | ||||||
1,506 | Nexstar Media Group Inc | 164 | ||||||
6,684 | Omnicom Group, Inc | 417 | ||||||
12,415 | * | Pinterest, Inc | 818 | |||||
1,192 | * | QuinStreet, Inc | 25 | |||||
3,446 | * | Roku, Inc | 1,144 | |||||
175 | Saga Communications, Inc | 4 | ||||||
1,096 | Scholastic Corp | 27 | ||||||
2,122 | e | Sinclair Broadcast Group, Inc (Class A) | 67 | |||||
34,267 | Sirius XM Holdings, Inc | 218 | ||||||
4,178 | * | Spotify Technology S.A. | 1,315 | |||||
3,488 | * | Take-Two Interactive Software, Inc | 725 | |||||
708 | * | TechTarget, Inc | 42 | |||||
7,426 | TEGNA, Inc | 104 | ||||||
780 | Tribune Publishing Co | 11 | ||||||
3,654 | * | TripAdvisor, Inc | 105 | |||||
2,406 | * | TrueCar, Inc | 10 | |||||
24,624 | * | Twitter, Inc | 1,333 | |||||
244 | ViacomCBS, Inc (Class A) | 9 |
31
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
17,557 | ViacomCBS, Inc (Class B) | $ | 654 | |||||
57,573 | * | Walt Disney Co | 10,431 | |||||
806 | * | WideOpenWest, Inc | 9 | |||||
1,509 | World Wrestling Entertainment, Inc (Class A) | 72 | ||||||
2,109 | * | Yelp, Inc | 69 | |||||
1,844 | * | Zillow Group, Inc (Class A) | 251 | |||||
4,455 | * | Zillow Group, Inc (Class C) | 578 | |||||
30,167 | * | Zynga, Inc | 298 | |||||
|
| |||||||
TOTAL MEDIA & ENTERTAINMENT | 101,003 | |||||||
|
| |||||||
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 7.5% | ||||||||
1,777 | * | 10X Genomics, Inc | 252 | |||||
56,264 | AbbVie, Inc | 6,029 | ||||||
3,171 | * | Abeona Therapeutics, Inc | 5 | |||||
3,739 | * | Acadia Pharmaceuticals, Inc | 200 | |||||
1,640 | * | Acceleron Pharma, Inc | 210 | |||||
4,567 | *,e | AcelRx Pharmaceuticals, Inc | 6 | |||||
2,253 | * | Adaptive Biotechnologies Corp | 133 | |||||
2,755 | *,e | ADMA Biologics, Inc | 5 | |||||
2,388 | * | Adverum Biotechnologies, Inc | 26 | |||||
1,277 | * | Aeglea BioTherapeutics, Inc | 10 | |||||
1,175 | * | Aerie Pharmaceuticals, Inc | 16 | |||||
2,431 | * | Affimed NV | 14 | |||||
2,830 | * | Agenus, Inc | 9 | |||||
9,959 | Agilent Technologies, Inc | 1,180 | ||||||
1,876 | * | Agios Pharmaceuticals, Inc | 81 | |||||
3,952 | * | Akebia Therapeutics, Inc | 11 | |||||
420 | * | Akero Therapeutics, Inc | 11 | |||||
332 | * | Albireo Pharma, Inc | 12 | |||||
2,198 | *,† | Alder Biopharmaceuticals Inc | 2 | |||||
1,504 | * | Alector, Inc | 23 | |||||
6,743 | * | Alexion Pharmaceuticals, Inc | 1,054 | |||||
5,367 | * | Alkermes plc | 107 | |||||
790 | * | Allakos, Inc | 111 | |||||
1,361 | * | Allogene Therapeutics, Inc | 34 | |||||
530 | * | Allovir, Inc | 20 | |||||
3,747 | * | Alnylam Pharmaceuticals, Inc | 487 | |||||
280 | * | ALX Oncology Holdings, Inc | 24 | |||||
18,541 | Amgen, Inc | 4,263 | ||||||
8,241 | * | Amicus Therapeutics, Inc | 190 | |||||
2,888 | *,e | Amneal Pharmaceuticals, Inc | 13 | |||||
1,331 | * | Amphastar Pharmaceuticals, Inc | 27 | |||||
679 | * | AnaptysBio, Inc | 15 | |||||
3,953 | *,e | Anavex Life Sciences Corp | 21 | |||||
292 | * | ANI Pharmaceuticals, Inc | 9 | |||||
566 | * | Anika Therapeutics, Inc | 26 | |||||
443 | * | Annexon, Inc | 11 | |||||
1,954 | * | Apellis Pharmaceuticals, Inc | 112 | |||||
370 | * | Applied Molecular Transport, Inc | 11 | |||||
433 | * | Applied Therapeutics, Inc | 10 | |||||
4,867 | * | Aptinyx, Inc | 17 | |||||
1,397 | * | Aravive Inc | 8 | |||||
434 | * | Arcturus Therapeutics Holdings, Inc | 19 | |||||
1,066 | * | Arcus Biosciences, Inc | 28 |
32
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
563 | * | Arcutis Biotherapeutics, Inc | $ | 16 | ||||
2,302 | * | Ardelyx, Inc | 15 | |||||
1,827 | * | Arena Pharmaceuticals, Inc | 140 | |||||
3,193 | * | Arrowhead Pharmaceuticals Inc | 245 | |||||
937 | * | Arvinas, Inc | 80 | |||||
978 | * | Assembly Biosciences, Inc | 6 | |||||
1,497 | * | Atara Biotherapeutics, Inc | 29 | |||||
374 | * | Atea Pharmaceuticals, Inc | 16 | |||||
2,321 | * | Athenex, Inc | 26 | |||||
11,419 | *,e | Athersys, Inc | 20 | |||||
342 | * | Athira Pharma, Inc | 12 | |||||
684 | * | Atreca, Inc | 11 | |||||
14,358 | * | Avantor, Inc | 404 | |||||
340 | * | Avenue Therapeutics, Inc | 2 | |||||
1,798 | * | Avid Bioservices, Inc | 21 | |||||
504 | * | Avidity Biosciences, Inc | 13 | |||||
645 | * | Avrobio, Inc | 9 | |||||
854 | * | Axsome Therapeutics, Inc | 70 | |||||
1,115 | *,e | Beam Therapeutics, Inc | 91 | |||||
270 | * | Berkeley Lights, Inc | 24 | |||||
3,132 | * | BioCryst Pharmaceuticals, Inc | 23 | |||||
2,860 | * | BioDelivery Sciences International, Inc | 12 | |||||
5,001 | * | Biogen, Inc | 1,225 | |||||
1,538 | * | Biohaven Pharmaceutical Holding Co Ltd | 132 | |||||
5,774 | * | BioMarin Pharmaceutical, Inc | 506 | |||||
714 | * | Bio-Rad Laboratories, Inc (Class A) | 416 | |||||
1,274 | Bio-Techne Corp | 405 | ||||||
343 | * | Bioxcel Therapeutics Inc | 16 | |||||
377 | * | Black Diamond Therapeutics, Inc | 12 | |||||
2,108 | * | Bluebird Bio, Inc | 91 | |||||
1,758 | * | Blueprint Medicines Corp | 197 | |||||
2,005 | * | BrainStorm Cell Therapeutics, Inc | 9 | |||||
2,516 | *,e | Bridgebio Pharma, Inc | 179 | |||||
72,272 | Bristol-Myers Squibb Co | 4,483 | ||||||
3,378 | Bruker BioSciences Corp | 183 | ||||||
1,175 | * | Calithera Biosciences, Inc | 6 | |||||
311 | *,e | Calyxt, Inc | 1 | |||||
1,052 | * | Cara Therapeutics, Inc | 16 | |||||
1,462 | * | CareDx, Inc | 106 | |||||
1,814 | * | CASI Pharmaceuticals, Inc | 5 | |||||
4,893 | * | Catalent, Inc | 509 | |||||
5,490 | * | Catalyst Pharmaceuticals, Inc | 18 | |||||
442 | * | Cellular Biomedicine Group, Inc | 8 | |||||
1,391 | *,e | CEL-SCI Corp | 16 | |||||
2,050 | * | Cerecor Inc | 5 | |||||
1,604 | * | Charles River Laboratories International, Inc | 401 | |||||
2,817 | *,e | Checkpoint Therapeutics Inc | 7 | |||||
1,390 | * | ChemoCentryx, Inc | 86 | |||||
1,315 | * | Chiasma, Inc | 6 | |||||
1,747 | * | Chimerix, Inc | 8 | |||||
478 | * | Chinook Therapeutics, Inc | 8 | |||||
1,527 | * | Clovis Oncology, Inc | 7 | |||||
1,314 | * | Codexis, Inc | 29 | |||||
8,404 | *,e | Cohbar, Inc | 11 |
33
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
2,173 | * | Coherus Biosciences, Inc | $ | 38 | ||||
877 | * | Collegium Pharmaceutical, Inc | 18 | |||||
642 | * | Concert Pharmaceuticals, Inc | 8 | |||||
879 | * | Constellation Pharmaceuticals, Inc | 25 | |||||
1,738 | * | Corbus Pharmaceuticals Holdings, Inc | 2 | |||||
3,522 | * | Corcept Therapeutics, Inc | 92 | |||||
1,298 | *,e | CorMedix Inc | 10 | |||||
371 | *,e | Cortexyme Inc | 10 | |||||
406 | * | Crinetics Pharmaceuticals, Inc | 6 | |||||
669 | * | Cue Biopharma, Inc | 8 | |||||
2,162 | * | Cymabay Therapeutics, Inc | 12 | |||||
1,934 | * | Cytokinetics, Inc | 40 | |||||
1,148 | * | CytomX Therapeutics, Inc | 8 | |||||
1,209 | * | Deciphera Pharmaceuticals, Inc | 69 | |||||
2,175 | * | Denali Therapeutics, Inc | 182 | |||||
2,079 | * | Dicerna Pharmaceuticals, Inc | 46 | |||||
6,351 | * | Durect Corp | 13 | |||||
4,313 | *,e | Dynavax Technologies Corp | 19 | |||||
323 | * | Eagle Pharmaceuticals, Inc | 15 | |||||
1,766 | * | Editas Medicine, Inc | 124 | |||||
396 | * | Eidos Therapeutics, Inc | 52 | |||||
933 | * | Eiger BioPharmaceuticals, Inc | 11 | |||||
13,180 | * | Elanco Animal Health, Inc | 404 | |||||
26,886 | Eli Lilly & Co | 4,539 | ||||||
792 | * | Eloxx Pharmaceuticals, Inc | 3 | |||||
1,340 | * | Emergent Biosolutions, Inc | 120 | |||||
648 | * | Enanta Pharmaceuticals, Inc | 27 | |||||
4,713 | * | Endo International plc | 34 | |||||
2,041 | *,e | Enochian Biosciences Inc | 6 | |||||
2,725 | * | Epizyme, Inc | 30 | |||||
876 | *,e | Esperion Thereapeutics, Inc | 23 | |||||
503 | *,e | Evelo Biosciences, Inc | 6 | |||||
1,862 | *,e | Evofem Biosciences Inc | 5 | |||||
702 | * | Evolus, Inc | 2 | |||||
4,586 | * | Exact Sciences Corp | 608 | |||||
9,779 | * | Exelixis, Inc | 196 | |||||
2,054 | * | Fate Therapeutics, Inc | 187 | |||||
2,752 | * | FibroGen, Inc | 102 | |||||
979 | * | Five Prime Therapeutics, Inc | 17 | |||||
1,094 | *,e | Flexion Therapeutics, Inc | 13 | |||||
2,426 | * | Fluidigm Corp | 15 | |||||
491 | * | Forma Therapeutics Holdings, Inc | 17 | |||||
893 | * | Frequency Therapeutics, Inc | 32 | |||||
1,187 | * | G1 Therapeutics, Inc | 21 | |||||
361 | * | Generation Bio Co | 10 | |||||
6,445 | *,e | Geron Corp | 10 | |||||
40,132 | Gilead Sciences, Inc | 2,338 | ||||||
1,912 | * | Global Blood Therapeutics, Inc | 83 | |||||
1,226 | * | GlycoMimetics, Inc | 5 | |||||
1,575 | * | Gossamer Bio, Inc | 15 | |||||
1,019 | * | Gritstone Oncology, Inc | 4 | |||||
4,274 | * | Halozyme Therapeutics, Inc | 183 | |||||
2,785 | * | Heron Therapeutics, Inc | 59 | |||||
542 | * | Homology Medicines, Inc | 6 |
34
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
6,138 | * | Horizon Therapeutics Plc | $ | 449 | ||||
1,570 | *,e | iBio, Inc | 2 | |||||
1,406 | * | Ideaya Biosciences, Inc | 20 | |||||
229 | *,e | IGM Biosciences, Inc | 20 | |||||
4,672 | * | Illumina, Inc | 1,729 | |||||
5,543 | * | Immunogen, Inc | 36 | |||||
1,107 | * | Immunovant, Inc | 51 | |||||
6,016 | * | Incyte Corp | 523 | |||||
227 | * | Inhibrx, Inc | 8 | |||||
2,960 | * | Innoviva, Inc | 37 | |||||
4,718 | *,e | Inovio Pharmaceuticals, Inc | 42 | |||||
3,278 | * | Insmed, Inc | 109 | |||||
1,277 | * | Intellia Therapeutics, Inc | 69 | |||||
836 | * | Intercept Pharmaceuticals, Inc | 21 | |||||
1,040 | * | Intersect ENT, Inc | 24 | |||||
1,415 | * | Intra-Cellular Therapies, Inc | 45 | |||||
3,755 | *,e | Invitae Corp | 157 | |||||
4,403 | * | Ionis Pharmaceuticals, Inc | 249 | |||||
4,447 | * | Iovance Biotherapeutics, Inc | 206 | |||||
6,202 | * | IQVIA Holdings, Inc | 1,111 | |||||
5,284 | * | Ironwood Pharmaceuticals, Inc | 60 | |||||
309 | * | iTeos Therapeutics, Inc | 10 | |||||
2,477 | * | IVERIC bio, Inc | 17 | |||||
1,608 | * | Jazz Pharmaceuticals plc | 265 | |||||
83,812 | Johnson & Johnson | 13,190 | ||||||
724 | * | Jounce Therapeutics, Inc | 5 | |||||
5,123 | * | Kadmon Holdings, Inc | 21 | |||||
108 | *,e | Kala Pharmaceuticals, Inc | 1 | |||||
487 | * | KalVista Pharmaceuticals Inc | 9 | |||||
502 | * | Karuna Therapeutics, Inc | 51 | |||||
2,001 | * | Karyopharm Therapeutics, Inc | 31 | |||||
400 | * | Keros Therapeutics, Inc | 28 | |||||
1,311 | * | Kezar Life Sciences, Inc | 7 | |||||
1,615 | * | Kindred Biosciences, Inc | 7 | |||||
706 | * | Kiniksa Pharmaceuticals Ltd | 12 | |||||
878 | * | Kodiak Sciences, Inc | 129 | |||||
406 | * | Kronos Bio, Inc | 12 | |||||
308 | * | Krystal Biotech Inc | 19 | |||||
1,654 | * | Kura Oncology, Inc | 54 | |||||
293 | * | Kymera Therapeutics, Inc | 18 | |||||
669 | *,e | La Jolla Pharmaceutical Co | 3 | |||||
1,137 | * | Lannett Co, Inc | 7 | |||||
1,763 | *,e | Lexicon Pharmaceuticals, Inc | 6 | |||||
484 | *,e | Ligand Pharmaceuticals, Inc (Class B) | 48 | |||||
1,194 | *,e | Liquidia Technologies, Inc | 4 | |||||
842 | * | LogicBio Therapeutics, Inc | 6 | |||||
1,582 | Luminex Corp | 37 | ||||||
1,309 | * | MacroGenics, Inc | 30 | |||||
275 | * | Madrigal Pharmaceuticals, Inc | 31 | |||||
683 | * | Magenta Therapeutics, Inc | 5 | |||||
7,710 | * | MannKind Corp | 24 | |||||
1,010 | *,e | Marinus Pharmaceuticals, Inc | 12 | |||||
1,309 | *,e | Marker Therapeutics Inc | 2 | |||||
1,230 | *,e | MediciNova, Inc | 6 |
35
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
971 | * | Medpace Holdings, Inc | $ | 135 | ||||
3,862 | * | MEI Pharma, Inc | 10 | |||||
548 | * | MeiraGTx Holdings plc | 8 | |||||
80,677 | Merck & Co, Inc | 6,599 | ||||||
1,195 | * | Mersana Therapeutics, Inc | 32 | |||||
750 | * | Mettler-Toledo International, Inc | 855 | |||||
1,336 | * | Minerva Neurosciences, Inc | 3 | |||||
1,197 | * | Mirati Therapeutics, Inc | 263 | |||||
8,941 | * | Moderna, Inc | 934 | |||||
1,274 | * | Molecular Templates, Inc | 12 | |||||
437 | * | Morphic Holding, Inc | 15 | |||||
2,916 | * | Mustang Bio, Inc | 11 | |||||
2,502 | * | Myriad Genetics, Inc | 49 | |||||
1,160 | * | NanoString Technologies, Inc | 78 | |||||
921 | * | NantKwest, Inc | 12 | |||||
2,268 | * | Natera, Inc | 226 | |||||
5,467 | * | Nektar Therapeutics | 93 | |||||
3,073 | * | NeoGenomics, Inc | 165 | |||||
2,147 | * | Neoleukin Therapeutics, Inc | 30 | |||||
2,043 | * | Neubase Therapeutics, Inc | 14 | |||||
3,097 | * | Neurocrine Biosciences, Inc | 297 | |||||
470 | * | NextCure Inc | 5 | |||||
761 | * | NGM Biopharmaceuticals Inc | 23 | |||||
496 | * | Nkarta, Inc | 31 | |||||
1,911 | *,e | Novavax, Inc | 213 | |||||
326 | * | Nurix Therapeutics, Inc | 11 | |||||
894 | * | Ocular Therapeutix, Inc | 19 | |||||
216 | * | Odonate Therapeutics, Inc | 4 | |||||
1,629 | *,e | Omeros Corp | 23 | |||||
2,507 | *,e | Oncocyte Corp | 6 | |||||
13,300 | *,e | Opko Health, Inc | 53 | |||||
1,987 | *,e | Optinose, Inc | 8 | |||||
2,929 | * | Orgenesis, Inc | 13 | |||||
672 | * | ORIC Pharmaceuticals, Inc | 23 | |||||
2,841 | *,e | Ovid therapeutics, Inc | 7 | |||||
4,997 | * | Pacific Biosciences of California, Inc | 130 | |||||
1,521 | * | Pacira BioSciences Inc | 91 | |||||
934 | * | Paratek Pharmaceuticals, Inc | 6 | |||||
425 | * | Passage Bio, Inc | 11 | |||||
3,731 | PerkinElmer, Inc | 535 | ||||||
4,241 | Perrigo Co plc | 190 | ||||||
735 | * | Personalis, Inc | 27 | |||||
177,644 | Pfizer, Inc | 6,539 | ||||||
806 | * | PhaseBio Pharmaceuticals Inc | 3 | |||||
341 | * | Phathom Pharmaceuticals, Inc | 11 | |||||
720 | Phibro Animal Health Corp | 14 | ||||||
3,495 | * | Pieris Pharmaceuticals, Inc | 9 | |||||
375 | * | PMV Pharmaceuticals, Inc | 23 | |||||
4,990 | * | PPD, Inc | 171 | |||||
1,998 | * | PRA Health Sciences, Inc | 251 | |||||
304 | * | Praxis Precision Medicines, Inc | 17 | |||||
2,435 | *,e | Precigen, Inc | 25 | |||||
1,170 | * | Precision BioSciences Inc | 10 | |||||
251 | * | Prelude Therapeutics, Inc | 18 |
36
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
1,758 | * | Prestige Consumer Healthcare, Inc. | $ | 61 | ||||
2,427 | *,† | Progenics Pharmaceuticals, Inc | 0 | |||||
866 | * | Protagonist Therapeutics, Inc | 17 | |||||
669 | * | Protara Therapeutics, Inc | 16 | |||||
1,437 | * | Prothena Corp plc | 17 | |||||
1,356 | * | Provention Bio, Inc | 23 | |||||
2,011 | * | PTC Therapeutics, Inc | 123 | |||||
1,119 | * | Puma Biotechnology, Inc | 12 | |||||
7,211 | * | QIAGEN NV | 381 | |||||
334 | * | Quanterix Corp | 16 | |||||
1,455 | * | Radius Health, Inc | 26 | |||||
348 | *,e | RAPT Therapeutics, Inc | 7 | |||||
775 | * | Reata Pharmaceuticals, Inc | 96 | |||||
1,657 | * | Recro Pharma, Inc | 5 | |||||
3,139 | * | Regeneron Pharmaceuticals, Inc | 1,517 | |||||
1,062 | * | REGENXBIO, Inc | 48 | |||||
998 | * | Relay Therapeutics, Inc | 41 | |||||
450 | *,e | Relmada Therapeutics, Inc | 14 | |||||
1,758 | * | Repligen Corp | 337 | |||||
699 | * | Replimune Group, Inc | 27 | |||||
1,804 | * | Revance Therapeutics, Inc | 51 | |||||
1,215 | * | REVOLUTION Medicines, Inc | 48 | |||||
1,025 | * | Rhythm Pharmaceuticals, Inc | 30 | |||||
4,657 | * | Rigel Pharmaceuticals, Inc | 16 | |||||
1,412 | * | Rocket Pharmaceuticals, Inc | 77 | |||||
2,630 | Royalty Pharma plc | 132 | ||||||
1,226 | * | Rubius Therapeutics, Inc | 9 | |||||
1,782 | * | Sage Therapeutics, Inc | 154 | |||||
2,773 | * | Sangamo Therapeutics Inc | 43 | |||||
2,492 | * | Sarepta Therapeutics, Inc | 425 | |||||
669 | * | Scholar Rock Holding Corp | 32 | |||||
3,999 | * | Seagen, Inc | 700 | |||||
6,645 | * | Selecta Biosciences, Inc | 20 | |||||
1,687 | * | Seres Therapeutics, Inc | 41 | |||||
362 | * | Shattuck Labs, Inc | 19 | |||||
1,913 | * | SIGA Technologies, Inc | 14 | |||||
2,198 | * | Soleno Therapeutics, Inc | 4 | |||||
2,399 | *,e | Solid Biosciences, Inc | 18 | |||||
5,713 | *,e | Sorrento Therapeutics, Inc | 39 | |||||
2,652 | * | Spectrum Pharmaceuticals, Inc | 9 | |||||
853 | *,e | Spero Therapeutics, Inc | 17 | |||||
679 | * | SpringWorks Therapeutics, Inc | 49 | |||||
519 | * | Stoke Therapeutics, Inc | 32 | |||||
1,839 | * | Supernus Pharmaceuticals, Inc | 46 | |||||
820 | * | Sutro Biopharma, Inc | 18 | |||||
1,544 | * | Syndax Pharmaceuticals, Inc | 34 | |||||
2,126 | * | Syneos Health, Inc | 145 | |||||
2,140 | *,e | Syros Pharmaceuticals, Inc | 23 | |||||
785 | * | TCR2 Therapeutics Inc | 24 | |||||
3,335 | * | TG Therapeutics, Inc | 174 | |||||
5,906 | *,e | TherapeuticsMD, Inc | 7 | |||||
1,625 | * | Theravance Biopharma, Inc | 29 | |||||
12,571 | Thermo Fisher Scientific, Inc | 5,855 | ||||||
1,671 | * | Translate Bio, Inc | 31 |
37
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
1,469 | * | Travere Therapeutics, Inc | $ | 40 | ||||
767 | * | Tricida, Inc | 5 | |||||
932 | * | Turning Point Therapeutics Inc | 114 | |||||
1,040 | * | Twist Bioscience Corp | 147 | |||||
3,764 | *,e | Tyme Technologies, Inc | 5 | |||||
1,836 | * | Ultragenyx Pharmaceutical, Inc | 254 | |||||
1,359 | * | United Therapeutics Corp | 206 | |||||
1,868 | *,e | UNITY Biotechnology, Inc | 10 | |||||
657 | *,e | UroGen Pharma Ltd | 12 | |||||
1,691 | * | Vanda Pharmaceuticals, Inc | 22 | |||||
1,735 | * | Vaxart Inc | 10 | |||||
563 | * | Vaxcyte, Inc | 15 | |||||
2,652 | *,e | VBI Vaccines, Inc | 7 | |||||
1,634 | * | Veracyte, Inc | 80 | |||||
4,988 | * | Verastem, Inc | 11 | |||||
1,345 | * | Vericel Corp | 42 | |||||
8,282 | * | Vertex Pharmaceuticals, Inc | 1,957 | |||||
38,702 | * | Viatris, Inc | 725 | |||||
645 | *,e | Viela Bio, Inc | 23 | |||||
1,592 | *,e | Viking Therapeutics, Inc | 9 | |||||
1,508 | * | Vir Biotechnology, Inc | 40 | |||||
872 | * | Voyager Therapeutics, Inc | 6 | |||||
1,875 | *,e | VYNE Therapeutics, Inc | 3 | |||||
1,897 | * | Waters Corp | 469 | |||||
776 | * | WaVe Life Sciences Ltd | 6 | |||||
684 | * | X4 Pharmaceuticals, Inc | 4 | |||||
533 | *,e | XBiotech, Inc | 8 | |||||
1,460 | * | Xencor, Inc | 64 | |||||
935 | * | Xeris Pharmaceuticals, Inc | 5 | |||||
959 | * | Y-mAbs Therapeutics, Inc | 48 | |||||
308 | * | Zentalis Pharmaceuticals, Inc | 16 | |||||
6,592 | *,e | ZIOPHARM Oncology, Inc | 17 | |||||
15,113 | Zoetis, Inc | 2,501 | ||||||
1,752 | * | Zogenix, Inc | 35 | |||||
|
| |||||||
TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 90,673 | |||||||
|
| |||||||
REAL ESTATE - 3.2% | ||||||||
1,964 | Acadia Realty Trust | 28 | ||||||
1,537 | Agree Realty Corp | 102 | ||||||
2,540 | Alexander & Baldwin, Inc | 44 | ||||||
51 | Alexander’s, Inc | 14 | ||||||
4,020 | Alexandria Real Estate Equities, Inc | 716 | ||||||
466 | * | Altisource Portfolio Solutions S.A. | 6 | |||||
431 | American Assets Trust, Inc | 12 | ||||||
4,582 | American Campus Communities, Inc | 196 | ||||||
3,752 | American Finance Trust, Inc | 28 | ||||||
8,855 | American Homes 4 Rent | 266 | ||||||
14,106 | American Tower Corp | 3,166 | ||||||
6,774 | Americold Realty Trust | 253 | ||||||
5,144 | * | Apartment Income REIT Corp | 198 | |||||
5,144 | Apartment Investment and Management Co | 27 | ||||||
6,471 | Apple Hospitality REIT, Inc | 84 | ||||||
1,658 | Armada Hoffler Properties, Inc | 19 | ||||||
4,597 | AvalonBay Communities, Inc | 738 |
38
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
769 | Bluerock Residential Growth REIT, Inc | $ | 10 | |||||
5,200 | Boston Properties, Inc | 492 | ||||||
3,704 | Brandywine Realty Trust | 44 | ||||||
10,209 | Brixmor Property Group, Inc | 169 | ||||||
874 | Broadstone Net Lease, Inc | 17 | ||||||
2,143 | e | Brookfield Property REIT, Inc | 32 | |||||
552 | Brt Realty Trust | 8 | ||||||
3,063 | Camden Property Trust | 306 | ||||||
2,763 | CareTrust REIT, Inc | 61 | ||||||
1,667 | CatchMark Timber Trust, Inc | 16 | ||||||
10,581 | * | CBRE Group, Inc | 664 | |||||
460 | Centerspace | 32 | ||||||
1,449 | Chatham Lodging Trust | 16 | ||||||
1,087 | City Office REIT, Inc | 11 | ||||||
544 | Clipper Realty, Inc | 4 | ||||||
20,026 | Colony Capital, Inc | 96 | ||||||
3,268 | Columbia Property Trust, Inc | 47 | ||||||
753 | Community Healthcare Trust, Inc | 35 | ||||||
3,089 | CoreCivic, Inc | 20 | ||||||
473 | CorePoint Lodging, Inc | 3 | ||||||
1,070 | Coresite Realty | 134 | ||||||
2,602 | Corporate Office Properties Trust | 68 | ||||||
4,434 | Cousins Properties, Inc | 149 | ||||||
13,204 | Crown Castle International Corp | 2,102 | ||||||
196 | CTO Realty Growth, Inc | 8 | ||||||
6,597 | CubeSmart | 222 | ||||||
3,593 | * | Cushman & Wakefield plc | 53 | |||||
3,732 | CyrusOne, Inc | 273 | ||||||
7,801 | * | DiamondRock Hospitality Co | 64 | |||||
8,596 | Digital Realty Trust, Inc | 1,199 | ||||||
7,300 | Diversified Healthcare Trust | 30 | ||||||
4,303 | Douglas Emmett, Inc | 126 | ||||||
11,536 | Duke Realty Corp | 461 | ||||||
2,230 | Easterly Government Properties, Inc | 51 | ||||||
1,286 | EastGroup Properties, Inc | 178 | ||||||
3,522 | Empire State Realty Trust, Inc | 33 | ||||||
1,527 | EPR Properties | 50 | ||||||
2,779 | Equinix, Inc | 1,985 | ||||||
3,500 | Equity Commonwealth | 95 | ||||||
5,668 | Equity Lifestyle Properties, Inc | 359 | ||||||
11,748 | Equity Residential | 696 | ||||||
2,882 | Essential Properties Realty Trust, Inc | 61 | ||||||
2,201 | Essex Property Trust, Inc | 523 | ||||||
929 | * | eXp World Holdings Inc | 59 | |||||
4,258 | Extra Space Storage, Inc | 493 | ||||||
967 | e | Farmland Partners, Inc | 8 | |||||
2,581 | Federal Realty Investment Trust | 220 | ||||||
3,737 | First Industrial Realty Trust, Inc | 157 | ||||||
400 | * | Forestar Group, Inc | 8 | |||||
2,420 | Four Corners Property Trust, Inc | 72 | ||||||
4,124 | Franklin Street Properties Corp | 18 | ||||||
1,944 | Front Yard Residential Corp | 31 | ||||||
309 | * | FRP Holdings, Inc | 14 | |||||
6,257 | Gaming and Leisure Properties, Inc | 265 |
39
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
3,108 | e | Geo Group, Inc | $ | 28 | ||||
1,064 | Getty Realty Corp | 29 | ||||||
881 | Gladstone Commercial Corp | 16 | ||||||
1,479 | Global Medical REIT, Inc | 19 | ||||||
2,475 | Global Net Lease, Inc | 42 | ||||||
272 | * | Griffin Land & Nurseries, Inc (Class A) | 17 | |||||
4,494 | Healthcare Realty Trust, Inc | 133 | ||||||
7,668 | Healthcare Trust of America, Inc | 211 | ||||||
17,510 | Healthpeak Properties Inc | 529 | ||||||
1,493 | Hersha Hospitality Trust | 12 | ||||||
2,907 | Highwoods Properties, Inc | 115 | ||||||
22,920 | Host Hotels and Resorts, Inc | 335 | ||||||
1,318 | * | Howard Hughes Corp | 104 | |||||
5,170 | Hudson Pacific Properties | 124 | ||||||
2,619 | Independence Realty Trust, Inc | 35 | ||||||
1,510 | Industrial Logistics Properties Trust | 35 | ||||||
671 | Innovative Industrial Properties, Inc | 123 | ||||||
18,531 | Invitation Homes, Inc | 550 | ||||||
9,067 | Iron Mountain, Inc | 267 | ||||||
2,674 | iStar Inc | 40 | ||||||
3,149 | JBG SMITH Properties | 98 | ||||||
1,604 | * | Jones Lang LaSalle, Inc | 238 | |||||
3,839 | Kennedy-Wilson Holdings, Inc | 69 | ||||||
3,530 | Kilroy Realty Corp | 203 | ||||||
14,283 | Kimco Realty Corp | 214 | ||||||
3,243 | Kite Realty Group Trust | 49 | ||||||
2,699 | Lamar Advertising Co | 225 | ||||||
8,135 | Lexington Realty Trust | 86 | ||||||
1,468 | Life Storage, Inc | 175 | ||||||
570 | LTC Properties, Inc | 22 | ||||||
4,097 | e | Macerich Co | 44 | |||||
3,534 | Mack-Cali Realty Corp | 44 | ||||||
569 | * | Marcus & Millichap, Inc | 21 | |||||
231 | * | Maui Land & Pineapple Co, Inc | 3 | |||||
16,244 | Medical Properties Trust, Inc | 354 | ||||||
3,660 | Mid-America Apartment Communities, Inc | 464 | ||||||
2,597 | Monmouth Real Estate Investment Corp (Class A) | 45 | ||||||
1,356 | National Health Investors, Inc | 94 | ||||||
5,624 | National Retail Properties, Inc | 230 | ||||||
1,700 | National Storage Affiliates Trust | 61 | ||||||
3,164 | New Senior Investment Group, Inc | 16 | ||||||
1,354 | Newmark Group, Inc | 10 | ||||||
662 | NexPoint Residential Trust, Inc | 28 | ||||||
1,207 | Office Properties Income Trust | 27 | ||||||
7,357 | Omega Healthcare Investors, Inc | 267 | ||||||
574 | One Liberty Properties, Inc | 12 | ||||||
5,152 | Outfront Media, Inc | 101 | ||||||
3,099 | Paramount Group, Inc | 28 | ||||||
7,470 | Park Hotels & Resorts, Inc | 128 | ||||||
5,135 | Pebblebrook Hotel Trust | 97 | ||||||
5,940 | Physicians Realty Trust | 106 | ||||||
3,343 | Piedmont Office Realty Trust, Inc | 54 | ||||||
2,502 | PotlatchDeltic Corp | 125 | ||||||
2,737 | Preferred Apartment Communities, Inc | 20 |
40
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
23,398 | Prologis, Inc | $ | 2,332 | |||||
488 | PS Business Parks, Inc | 65 | ||||||
4,832 | Public Storage, Inc | 1,116 | ||||||
1,829 | QTS Realty Trust, Inc | 113 | ||||||
377 | * | Rafael Holdings, Inc | 9 | |||||
3,189 | Rayonier, Inc | 94 | ||||||
732 | Re/Max Holdings, Inc | 27 | ||||||
4,163 | * | Realogy Holdings Corp | 55 | |||||
11,112 | Realty Income Corp | 691 | ||||||
3,100 | * | Redfin Corp | 213 | |||||
5,855 | Regency Centers Corp | 267 | ||||||
4,204 | Retail Opportunities Investment Corp | 56 | ||||||
6,690 | Retail Properties of America, Inc | 57 | ||||||
645 | Retail Value, Inc | 10 | ||||||
3,671 | Rexford Industrial Realty, Inc | 180 | ||||||
4,896 | RLJ Lodging Trust | 69 | ||||||
283 | RMR Group, Inc | 11 | ||||||
3,057 | RPT Realty | 26 | ||||||
1,328 | Ryman Hospitality Properties | 90 | ||||||
6,162 | Sabra Healthcare REIT, Inc | 107 | ||||||
401 | Safehold, Inc | 29 | ||||||
392 | Saul Centers, Inc | 12 | ||||||
3,574 | SBA Communications Corp | 1,008 | ||||||
990 | *,e | Seritage Growth Properties | 15 | |||||
3,510 | Service Properties Trust | 40 | ||||||
10,384 | Simon Property Group, Inc | 886 | ||||||
6,051 | SITE Centers Corp | 61 | ||||||
1,996 | SL Green Realty Corp | 119 | ||||||
3,189 | Spirit Realty Capital, Inc | 128 | ||||||
1,876 | St. Joe Co | 80 | ||||||
4,481 | STAG Industrial, Inc | 140 | ||||||
7,137 | STORE Capital Corp | 243 | ||||||
218 | * | Stratus Properties, Inc | 6 | |||||
3,928 | Summit Hotel Properties, Inc | 35 | ||||||
3,082 | Sun Communities, Inc | 468 | ||||||
8,527 | Sunstone Hotel Investors, Inc | 97 | ||||||
3,676 | e | Tanger Factory Outlet Centers, Inc | 37 | |||||
834 | * | Tejon Ranch Co | 12 | |||||
1,821 | Terreno Realty Corp | 107 | ||||||
9,405 | UDR, Inc | 361 | ||||||
994 | UMH Properties, Inc | 15 | ||||||
6,462 | Uniti Group, Inc | 76 | ||||||
294 | Universal Health Realty Income Trust | 19 | ||||||
3,855 | Urban Edge Properties | 50 | ||||||
1,188 | Urstadt Biddle Properties, Inc (Class A) | 17 | ||||||
12,434 | Ventas, Inc | 610 | ||||||
6,892 | VEREIT, Inc | 260 | ||||||
17,074 | VICI Properties, Inc | 435 | ||||||
5,932 | Vornado Realty Trust | 222 | ||||||
2,363 | Washington REIT | 51 | ||||||
4,685 | Weingarten Realty Investors | 102 | ||||||
13,793 | Welltower, Inc | 891 | ||||||
23,929 | Weyerhaeuser Co | 802 | ||||||
1,293 | Whitestone REIT | 10 |
41
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
5,105 | WP Carey, Inc | $ | 360 | |||||
4,278 | Xenia Hotels & Resorts, Inc | 65 | ||||||
|
| |||||||
TOTAL REAL ESTATE | 38,224 | |||||||
|
| |||||||
RETAILING - 6.9% | ||||||||
1,264 | * | 1-800-FLOWERS.COM, Inc (Class A) | 33 | |||||
1,062 | * | Aaron’s Co, Inc | 20 | |||||
1,704 | Abercrombie & Fitch Co (Class A) | 35 | ||||||
2,127 | Advance Auto Parts, Inc | 335 | ||||||
13,482 | * | Amazon.com, Inc | 43,910 | |||||
4,652 | e | American Eagle Outfitters, Inc | 93 | |||||
221 | * | America’s Car-Mart, Inc | 24 | |||||
727 | * | Asbury Automotive Group, Inc | 106 | |||||
978 | * | At Home Group, Inc | 15 | |||||
1,764 | * | Autonation, Inc | 123 | |||||
716 | * | AutoZone, Inc | 849 | |||||
4,033 | e | Bed Bath & Beyond, Inc | 72 | |||||
7,270 | Best Buy Co, Inc | 725 | ||||||
1,246 | Big Lots, Inc | 54 | ||||||
1,299 | * | Booking Holdings, Inc | 2,893 | |||||
517 | * | Boot Barn Holdings, Inc | 22 | |||||
1,023 | Buckle, Inc | 30 | ||||||
2,005 | * | Burlington Stores, Inc | 524 | |||||
377 | Caleres, Inc | 6 | ||||||
1,051 | Camping World Holdings, Inc | 27 | ||||||
5,436 | * | CarMax, Inc | 514 | |||||
740 | *,e | CarParts.com, Inc | 9 | |||||
1,652 | * | Carvana Co | 396 | |||||
966 | Cato Corp (Class A) | 9 | ||||||
389 | *,e | Children’s Place, Inc | 20 | |||||
619 | Citi Trends, Inc | 31 | ||||||
708 | * | Conn’s, Inc | 8 | |||||
764 | * | Container Store Group, Inc | 7 | |||||
1,444 | Core-Mark Holding Co, Inc | 42 | ||||||
332 | Designer Brands, Inc | 3 | ||||||
2,084 | Dick’s Sporting Goods, Inc | 117 | ||||||
165 | e | Dillard’s, Inc (Class A) | 10 | |||||
8,056 | Dollar General Corp | 1,694 | ||||||
7,450 | * | Dollar Tree, Inc | 805 | |||||
404 | * | Duluth Holdings, Inc | 4 | |||||
20,979 | eBay, Inc | 1,054 | ||||||
3,799 | * | Etsy, Inc | 676 | |||||
4,217 | Expedia Group, Inc | 558 | ||||||
1,844 | * | Five Below, Inc | 323 | |||||
2,980 | * | Floor & Decor Holdings, Inc | 277 | |||||
3,025 | Foot Locker, Inc | 122 | ||||||
576 | *,e | Funko, Inc | 6 | |||||
280 | *,e | GameStop Corp (Class A) | 5 | |||||
6,980 | Gap, Inc | 141 | ||||||
254 | * | Genesco, Inc | 8 | |||||
4,534 | Genuine Parts Co | 455 | ||||||
521 | Group 1 Automotive, Inc | 68 | ||||||
658 | * | Groupon, Inc | 25 | |||||
1,116 | * | GrowGeneration Corp | 45 |
42
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
3,071 | * | GrubHub, Inc | $ | 228 | ||||
1,358 | Guess?, Inc | 31 | ||||||
715 | Haverty Furniture Cos, Inc | 20 | ||||||
547 | * | Hibbett Sports, Inc | 25 | |||||
34,143 | Home Depot, Inc | 9,069 | ||||||
5,175 | Kohl’s Corp | 211 | ||||||
6,818 | L Brands, Inc | 254 | ||||||
487 | * | Lands’ End, Inc | 11 | |||||
1,312 | * | Leslie’s, Inc | 36 | |||||
1,143 | * | Liquidity Services, Inc | 18 | |||||
694 | Lithia Motors, Inc (Class A) | 203 | ||||||
9,001 | * | LKQ Corp | 317 | |||||
24,086 | Lowe’s Companies, Inc | 3,866 | ||||||
1,099 | * | Lumber Liquidators, Inc | 34 | |||||
9,238 | *,e | Macy’s, Inc | 104 | |||||
3,952 | *,e | Magnite, Inc | 121 | |||||
1,129 | * | MarineMax, Inc | 40 | |||||
1,333 | *,e | Michaels Cos, Inc | 17 | |||||
1,185 | Monro Muffler, Inc | 63 | ||||||
660 | Murphy USA, Inc | 86 | ||||||
2,416 | * | National Vision Holdings, Inc | 109 | |||||
3,550 | e | Nordstrom, Inc | 111 | |||||
1,630 | * | ODP Corp | 48 | |||||
1,751 | * | Ollie’s Bargain Outlet Holdings, Inc | 143 | |||||
2,359 | * | O’Reilly Automotive, Inc | 1,068 | |||||
1,365 | * | Overstock.com, Inc | 66 | |||||
633 | Penske Auto Group, Inc | 38 | ||||||
765 | e | PetMed Express, Inc | 25 | |||||
1,227 | Pool Corp | 457 | ||||||
2,851 | * | Quotient Technology, Inc | 27 | |||||
12,253 | Qurate Retail Group, Inc QVC Group | 134 | ||||||
1,550 | * | RealReal, Inc | 30 | |||||
1,673 | Rent-A-Center, Inc | 64 | ||||||
450 | * | RH | 201 | |||||
11,254 | Ross Stores, Inc | 1,382 | ||||||
769 | * | Sally Beauty Holdings, Inc | 10 | |||||
576 | Shoe Carnival, Inc | 23 | ||||||
719 | Shutterstock, Inc | 52 | ||||||
817 | e | Signet Jewelers Ltd | 22 | |||||
906 | * | Sleep Number Corp | 74 | |||||
1,157 | Sonic Automotive, Inc (Class A) | 45 | ||||||
1,434 | * | Sportsman’s Warehouse Holdings, Inc | 25 | |||||
553 | * | Stamps.com, Inc | 109 | |||||
1,475 | * | Stitch Fix Inc | 87 | |||||
15,905 | Target Corp | 2,808 | ||||||
3,785 | Tiffany & Co | 498 | ||||||
432 | Tilly’s, Inc | 4 | ||||||
38,234 | TJX Companies, Inc | 2,611 | ||||||
3,844 | Tractor Supply Co | 540 | ||||||
1,790 | * | Ulta Beauty, Inc | 514 | |||||
2,603 | * | Urban Outfitters, Inc | 67 | |||||
740 | * | Vroom, Inc | 30 | |||||
2,147 | * | Wayfair, Inc | 485 | |||||
252 | Weyco Group, Inc | 4 |
43
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
2,576 | Williams-Sonoma, Inc | $ | 262 | |||||
94 | Winmark Corp | 17 | ||||||
686 | * | Zumiez, Inc | 25 | |||||
|
| |||||||
TOTAL RETAILING | 84,297 | |||||||
|
| |||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 4.8% | ||||||||
1,075 | * | Advanced Energy Industries, Inc | 104 | |||||
37,984 | * | Advanced Micro Devices, Inc | 3,484 | |||||
570 | * | Allegro MicroSystems, Inc | 15 | |||||
844 | * | Alpha & Omega Semiconductor Ltd | 20 | |||||
1,266 | * | Ambarella, Inc | 116 | |||||
3,751 | Amkor Technology, Inc | 57 | ||||||
11,638 | Analog Devices, Inc | 1,719 | ||||||
28,948 | Applied Materials, Inc | 2,498 | ||||||
1,183 | * | Axcelis Technologies, Inc | 34 | |||||
1,452 | * | AXT, Inc | 14 | |||||
12,455 | Broadcom, Inc | 5,453 | ||||||
2,458 | Brooks Automation, Inc | 167 | ||||||
839 | * | Ceva, Inc | 38 | |||||
1,924 | * | Cirrus Logic, Inc | 158 | |||||
904 | CMC Materials, Inc | 137 | ||||||
1,495 | Cohu, Inc | 57 | ||||||
3,610 | * | Cree, Inc | 382 | |||||
1,498 | * | Diodes, Inc | 106 | |||||
3,220 | * | Enphase Energy, Inc | 565 | |||||
4,190 | Entegris, Inc | 403 | ||||||
2,741 | * | First Solar, Inc | 271 | |||||
2,989 | * | Formfactor, Inc | 129 | |||||
445 | * | Ichor Holdings Ltd | 13 | |||||
705 | * | Impinj, Inc | 30 | |||||
1,371 | * | Inphi Corp | 220 | |||||
130,187 | Intel Corp | 6,486 | ||||||
4,835 | KLA Corp | 1,252 | ||||||
4,593 | Lam Research Corp | 2,169 | ||||||
4,618 | * | Lattice Semiconductor Corp | 212 | |||||
1,568 | * | MACOM Technology Solutions Holdings, Inc | 86 | |||||
21,197 | Marvell Technology Group Ltd | 1,008 | ||||||
286 | *,e | Maxeon Solar Technologies Ltd | 8 | |||||
8,304 | Maxim Integrated Products, Inc | 736 | ||||||
2,280 | * | MaxLinear, Inc | 87 | |||||
7,740 | Microchip Technology, Inc | 1,069 | ||||||
35,243 | * | Micron Technology, Inc | 2,650 | |||||
1,742 | MKS Instruments, Inc | 262 | ||||||
1,367 | Monolithic Power Systems, Inc | 501 | ||||||
1,126 | * | Nanometrics, Inc | 54 | |||||
1,216 | * | NeoPhotonics Corp Ltd | 11 | |||||
192 | NVE Corp | 11 | ||||||
18,812 | NVIDIA Corp | 9,824 | ||||||
12,593 | * | ON Semiconductor Corp | 412 | |||||
1,181 | * | PDF Solutions, Inc | 25 | |||||
2,703 | * | Photronics, Inc | 30 | |||||
2,006 | Power Integrations, Inc | 164 | ||||||
3,681 | * | Qorvo, Inc | 612 | |||||
35,960 | QUALCOMM, Inc | 5,478 |
44
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
4,243 | * | Rambus, Inc | $ | 74 | ||||
2,180 | * | Semtech Corp | 157 | |||||
1,457 | * | Silicon Laboratories, Inc | 186 | |||||
280 | * | SiTime Corp | 31 | |||||
5,322 | Skyworks Solutions, Inc | 814 | ||||||
51 | * | SMART Global Holdings, Inc | 2 | |||||
1,491 | * | SolarEdge Technologies, Inc | 476 | |||||
2,299 | *,e | SunPower Corp | 59 | |||||
928 | * | Synaptics, Inc | 89 | |||||
5,288 | Teradyne, Inc | 634 | ||||||
29,142 | Texas Instruments, Inc | 4,783 | ||||||
1,266 | * | Ultra Clean Holdings | 39 | |||||
1,389 | Universal Display Corp | 319 | ||||||
1,833 | * | Veeco Instruments, Inc | 32 | |||||
7,626 | Xilinx, Inc | 1,081 | ||||||
|
| |||||||
TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | 58,113 | |||||||
|
| |||||||
SOFTWARE & SERVICES - 14.8% | ||||||||
1,998 | *,e | 2U, Inc | 80 | |||||
3,462 | * | 8x8, Inc | 119 | |||||
1,883 | * | A10 Networks, Inc | 19 | |||||
20,254 | Accenture plc | 5,291 | ||||||
3,983 | * | ACI Worldwide, Inc | 153 | |||||
15,314 | * | Adobe, Inc | 7,659 | |||||
1,071 | * | Agilysys, Inc | 41 | |||||
5,071 | * | Akamai Technologies, Inc | 532 | |||||
1,443 | * | Alarm.com Holdings, Inc | 149 | |||||
1,403 | Alliance Data Systems Corp | 104 | ||||||
1,317 | * | Altair Engineering, Inc | 77 | |||||
1,733 | * | Alteryx, Inc | 211 | |||||
4,060 | Amdocs Ltd | 288 | ||||||
1,091 | American Software, Inc (Class A) | 19 | ||||||
4,257 | * | Anaplan, Inc | 306 | |||||
2,700 | * | Ansys, Inc | 982 | |||||
538 | * | Appfolio, Inc | 97 | |||||
1,096 | *,e | Appian Corp | 178 | |||||
2,036 | * | Aspen Technology, Inc | 265 | |||||
4,111 | * | Atlassian Corp plc | 961 | |||||
7,016 | * | Autodesk, Inc | 2,142 | |||||
13,584 | Automatic Data Processing, Inc | 2,393 | ||||||
2,529 | * | Avalara, Inc | 417 | |||||
2,583 | * | Avaya Holdings Corp | 49 | |||||
1,498 | * | Benefitfocus, Inc | 22 | |||||
250 | * | BigCommerce Holdings, Inc | 16 | |||||
2,312 | * | Bill.Com Holdings, Inc | 316 | |||||
4,820 | * | Black Knight, Inc | 426 | |||||
1,852 | Blackbaud, Inc | 107 | ||||||
1,613 | * | Blackline, Inc | 215 | |||||
4,208 | Booz Allen Hamilton Holding Co | 367 | ||||||
1,563 | * | Bottomline Technologies, Inc | 82 | |||||
4,699 | * | Box, Inc | 85 | |||||
1,247 | * | Brightcove, Inc | 23 | |||||
3,564 | Broadridge Financial Solutions, Inc | 546 | ||||||
822 | * | CACI International, Inc (Class A) | 205 |
45
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
8,610 | * | Cadence Design Systems, Inc | $ | 1,175 | ||||
842 | * | Cardtronics plc | 30 | |||||
576 | Cass Information Systems, Inc | 22 | ||||||
4,074 | CDK Global, Inc | 211 | ||||||
1,164 | * | Cerence Inc | 117 | |||||
3,464 | * | Ceridian HCM Holding, Inc | 369 | |||||
921 | * | ChannelAdvisor Corp | 15 | |||||
4,002 | Citrix Systems, Inc | 521 | ||||||
6,629 | * | Cloudera, Inc | 92 | |||||
3,571 | * | Cloudflare, Inc | 271 | |||||
16,937 | Cognizant Technology Solutions Corp (Class A) | 1,388 | ||||||
1,509 | * | Commvault Systems, Inc | 84 | |||||
1,240 | * | Concentrix Corp | 122 | |||||
7,418 | * | Conduent, Inc | 36 | |||||
2,077 | * | Cornerstone OnDemand, Inc | 91 | |||||
2,169 | * | Coupa Software, Inc | 735 | |||||
4,893 | * | Crowdstrike Holdings, Inc | 1,036 | |||||
1,299 | CSG Systems International, Inc | 59 | ||||||
4,721 | * | Datadog, Inc | 465 | |||||
659 | * | Datto Holding Corp | 18 | |||||
574 | *,e | Digimarc Corp | 27 | |||||
2,714 | * | Digital Turbine, Inc | 154 | |||||
5,777 | * | DocuSign, Inc | 1,284 | |||||
643 | * | Domo, Inc | 41 | |||||
7,941 | * | Dropbox, Inc | 176 | |||||
395 | * | Duck Creek Technologies, Inc | 17 | |||||
8,041 | DXC Technology Co | 207 | ||||||
5,865 | * | Dynatrace, Inc | 254 | |||||
927 | Ebix, Inc | 35 | ||||||
648 | * | eGain Corp | 8 | |||||
2,086 | * | Elastic NV | 305 | |||||
2,483 | * | Endurance International Group Holdings, Inc | 23 | |||||
1,657 | * | Envestnet, Inc | 136 | |||||
1,655 | * | EPAM Systems, Inc | 593 | |||||
1,684 | * | Euronet Worldwide, Inc | 244 | |||||
1,144 | * | Everbridge, Inc | 171 | |||||
2,375 | EVERTEC, Inc | 93 | ||||||
1,204 | * | Evo Payments, Inc | 33 | |||||
1,241 | * | ExlService Holdings, Inc | 106 | |||||
864 | * | Fair Isaac Corp | 442 | |||||
2,399 | *,e | Fastly, Inc | 210 | |||||
19,602 | Fidelity National Information Services, Inc | 2,773 | ||||||
6,880 | * | FireEye, Inc | 159 | |||||
17,726 | * | Fiserv, Inc | 2,018 | |||||
2,029 | * | Five9, Inc | 354 | |||||
2,604 | * | FleetCor Technologies, Inc | 710 | |||||
4,174 | * | Fortinet, Inc | 620 | |||||
2,893 | * | Gartner, Inc | 463 | |||||
5,811 | Genpact Ltd | 240 | ||||||
9,423 | Global Payments, Inc | 2,030 | ||||||
1,180 | * | Globant S.A. | 257 | |||||
5,510 | * | GoDaddy, Inc | 457 | |||||
1,865 | * | GreenSky, Inc | 9 | |||||
2,614 | * | Guidewire Software, Inc | 336 |
46
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
1,077 | Hackett Group, Inc | $ | 15 | |||||
1,304 | * | HubSpot, Inc | 517 | |||||
351 | * | I3 Verticals, Inc | 12 | |||||
1,377 | * | Information Services Group, Inc | 5 | |||||
385 | *,e | Intelligent Systems Corp | 15 | |||||
28,218 | International Business Machines Corp | 3,552 | ||||||
677 | * | International Money Express Inc | 11 | |||||
7,988 | Intuit, Inc | 3,034 | ||||||
1,629 | * | j2 Global, Inc | 159 | |||||
2,510 | Jack Henry & Associates, Inc | 407 | ||||||
572 | * | Jamf Holding Corp | 17 | |||||
385 | * | JFrog Ltd | 24 | |||||
4,582 | KBR, Inc | 142 | ||||||
4,342 | Leidos Holdings, Inc | 456 | ||||||
3,363 | * | Limelight Networks, Inc | 13 | |||||
2,140 | * | Liveperson, Inc | 133 | |||||
2,391 | * | LiveRamp Holdings, Inc | 175 | |||||
2,136 | * | Manhattan Associates, Inc | 225 | |||||
1,025 | Mantech International Corp (Class A) | 91 | ||||||
28,078 | Mastercard, Inc (Class A) | 10,022 | ||||||
2,080 | MAXIMUS, Inc | 152 | ||||||
1,018 | McAfee Corp | 17 | ||||||
2,662 | * | Medallia, Inc | 88 | |||||
238,136 | Microsoft Corp | 52,966 | ||||||
267 | * | MicroStrategy, Inc (Class A) | 104 | |||||
1,779 | * | Mimecast Ltd | 101 | |||||
1,253 | * | Mitek Systems, Inc | 22 | |||||
844 | * | Model N, Inc | 30 | |||||
1,840 | * | MoneyGram International, Inc | 10 | |||||
1,616 | * | MongoDB, Inc | 580 | |||||
204 | * | nCino, Inc | 15 | |||||
1,631 | * | New Relic, Inc | 107 | |||||
2,596 | NIC, Inc | 67 | ||||||
16,911 | NortonLifelock, Inc | 351 | ||||||
9,317 | * | Nuance Communications, Inc | 411 | |||||
5,847 | * | Nutanix, Inc | 186 | |||||
3,632 | * | Okta, Inc | 923 | |||||
1,227 | * | OneSpan, Inc | 25 | |||||
59,843 | Oracle Corp | 3,871 | ||||||
2,233 | * | Pagerduty, Inc | 93 | |||||
2,954 | * | Palo Alto Networks, Inc | 1,050 | |||||
9,997 | Paychex, Inc | 932 | ||||||
1,532 | * | Paycom Software, Inc | 693 | |||||
1,125 | * | Paylocity Holding Corp | 232 | |||||
37,444 | * | PayPal Holdings, Inc | 8,769 | |||||
1,045 | * | Paysign Inc | 5 | |||||
1,117 | Pegasystems, Inc | 149 | ||||||
1,320 | * | Perficient, Inc | 63 | |||||
4,684 | Perspecta, Inc | 113 | ||||||
1,099 | * | Ping Identity Holding Corp | 31 | |||||
3,056 | * | Pluralsight, Inc | 64 | |||||
1,791 | Progress Software Corp | 81 | ||||||
1,867 | * | Proofpoint, Inc | 255 | |||||
1,099 | * | PROS Holdings, Inc | 56 |
47
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
3,193 | * | PTC, Inc | $ | 382 | ||||
1,569 | * | Q2 Holdings, Inc | 199 | |||||
400 | QAD, Inc (Class A) | 25 | ||||||
1,213 | * | Qualys, Inc | 148 | |||||
958 | * | Rackspace Technology, Inc | 18 | |||||
1,695 | * | Rapid7, Inc | 153 | |||||
2,784 | * | RealPage, Inc | 243 | |||||
1,101 | * | Repay Holdings Corp | 30 | |||||
2,519 | * | RingCentral, Inc | 955 | |||||
10,188 | Sabre Corp | 122 | ||||||
2,791 | * | SailPoint Technologies Holding, Inc | 149 | |||||
27,807 | * | salesforce.com, Inc | 6,188 | |||||
766 | Sapiens International Corp NV | 23 | ||||||
1,951 | Science Applications International Corp | 185 | ||||||
257 | * | SecureWorks Corp | 4 | |||||
6,155 | * | ServiceNow, Inc | 3,388 | |||||
502 | * | ShotSpotter, Inc | 19 | |||||
12,368 | * | Slack Technologies, Inc | 522 | |||||
3,616 | * | Smartsheet, Inc | 251 | |||||
1,330 | * | SolarWinds Corp | 20 | |||||
5,060 | * | Splunk, Inc | 860 | |||||
845 | * | Sprout Social, Inc | 38 | |||||
1,231 | * | SPS Commerce, Inc | 134 | |||||
11,762 | * | Square, Inc | 2,560 | |||||
7,101 | SS&C Technologies Holdings, Inc | 517 | ||||||
6,355 | * | StoneCo Ltd | 533 | |||||
386 | * | Sumo Logic, Inc | 11 | |||||
3,818 | * | SVMK, Inc | 98 | |||||
2,685 | Switch, Inc | 44 | ||||||
1,511 | * | Sykes Enterprises, Inc | 57 | |||||
1,342 | * | Synchronoss Technologies, Inc | 6 | |||||
4,691 | * | Synopsys, Inc | 1,216 | |||||
2,092 | * | TeleNav, Inc | 10 | |||||
1,895 | * | Tenable Holdings, Inc | 99 | |||||
3,770 | * | Teradata Corp | 85 | |||||
1,298 | * | Trade Desk, Inc | 1,040 | |||||
541 | TTEC Holdings, Inc | 39 | ||||||
349 | * | Tucows, Inc | 26 | |||||
4,433 | * | Twilio, Inc | 1,501 | |||||
1,206 | * | Tyler Technologies, Inc | 526 | |||||
2,160 | * | Unisys Corp | 43 | |||||
863 | * | Unity Software, Inc | 132 | |||||
660 | * | Upland Software, Inc | 30 | |||||
1,028 | * | Varonis Systems, Inc | 168 | |||||
2,429 | * | Verint Systems, Inc | 163 | |||||
3,176 | * | VeriSign, Inc | 687 | |||||
765 | * | Veritone, Inc | 22 | |||||
3,457 | * | Verra Mobility Corp | 46 | |||||
2,063 | e | VirnetX Holding Corp | 10 | |||||
1,072 | * | Virtusa Corp | 55 | |||||
53,665 | Visa, Inc (Class A) | 11,738 | ||||||
2,285 | *,e | VMware, Inc (Class A) | 320 | |||||
13,620 | Western Union Co | 299 | ||||||
1,443 | * | WEX, Inc | 294 |
48
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
5,472 | * | Workday, Inc | $ | 1,311 | ||||
1,221 | * | Workiva, Inc | 112 | |||||
3,929 | Xperi Holding Corp | 82 | ||||||
2,990 | * | Yext, Inc | 47 | |||||
3,760 | * | Zendesk, Inc | 538 | |||||
2,044 | * | Zix Corp | 18 | |||||
5,340 | * | Zoom Video Communications, Inc | 1,801 | |||||
2,320 | * | Zscaler, Inc | 463 | |||||
2,992 | * | Zuora Inc | 42 | |||||
|
| |||||||
TOTAL SOFTWARE & SERVICES | 179,266 | |||||||
|
| |||||||
TECHNOLOGY HARDWARE & EQUIPMENT - 7.4% | ||||||||
4,245 | *,e | 3D Systems Corp | 44 | |||||
1,146 | * | Acacia Communications, Inc | 84 | |||||
1,869 | Adtran, Inc | 28 | ||||||
899 | *,e | Akoustis Technologies, Inc | 11 | |||||
9,030 | Amphenol Corp (Class A) | 1,181 | ||||||
513,081 | d | Apple, Inc | 68,081 | |||||
712 | *,e | Applied Optoelectronics, Inc | 6 | |||||
1,796 | * | Arista Networks, Inc | 522 | |||||
2,522 | * | Arlo Technologies, Inc | 20 | |||||
2,350 | * | Arrow Electronics, Inc | 229 | |||||
1,363 | * | Avid Technology, Inc | 22 | |||||
3,554 | Avnet, Inc | 125 | ||||||
1,096 | Badger Meter, Inc | 103 | ||||||
429 | Bel Fuse, Inc (Class B) | 6 | ||||||
1,632 | Belden CDT, Inc | 68 | ||||||
1,361 | Benchmark Electronics, Inc | 37 | ||||||
1,369 | * | CalAmp Corp | 14 | |||||
1,907 | * | Calix, Inc | 57 | |||||
176 | * | Casa Systems, Inc | 1 | |||||
4,421 | CDW Corp | 583 | ||||||
5,012 | * | Ciena Corp | 265 | |||||
134,671 | Cisco Systems, Inc | 6,026 | ||||||
522 | * | Clearfield, Inc | 13 | |||||
4,963 | Cognex Corp | 398 | ||||||
816 | * | Coherent, Inc | 122 | |||||
6,058 | * | CommScope Holding Co, Inc | 81 | |||||
784 | Comtech Telecommunications Corp | 16 | ||||||
23,801 | Corning, Inc | 857 | ||||||
370 | * | Corsair Gaming, Inc | 13 | |||||
1,256 | CTS Corp | 43 | ||||||
48 | Daktronics, Inc | 0 | ^ | |||||
8,102 | * | Dell Technologies, Inc | 594 | |||||
2,906 | * | Diebold, Inc | 31 | |||||
1,019 | * | Digi International, Inc | 19 | |||||
2,138 | Dolby Laboratories, Inc (Class A) | 208 | ||||||
1,847 | * | EchoStar Corp (Class A) | 39 | |||||
518 | * | ePlus, Inc | 46 | |||||
4,537 | * | Extreme Networks, Inc | 31 | |||||
1,751 | * | F5 Networks, Inc | 308 | |||||
1,106 | * | Fabrinet | 86 | |||||
655 | * | FARO Technologies, Inc | 46 | |||||
6,696 | * | Fitbit, Inc | 46 |
49
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
4,422 | FLIR Systems, Inc | $ | 194 | |||||
3,142 | * | Harmonic, Inc | 23 | |||||
41,111 | Hewlett Packard Enterprise Co | 487 | ||||||
43,715 | HP, Inc | 1,075 | ||||||
2,990 | * | II-VI, Inc | 227 | |||||
1,305 | * | Immersion Corp | 15 | |||||
5,792 | * | Infinera Corp | 61 | |||||
2,359 | *,e | Inseego Corp | 36 | |||||
1,383 | * | Insight Enterprises, Inc | 105 | |||||
1,057 | InterDigital, Inc | 64 | ||||||
1,172 | * | IPG Photonics Corp | 262 | |||||
944 | * | Iteris, Inc | 5 | |||||
1,329 | * | Itron, Inc | 127 | |||||
4,847 | Jabil Inc | 206 | ||||||
10,966 | Juniper Networks, Inc | 247 | ||||||
5,871 | * | Keysight Technologies, Inc | 775 | |||||
1,038 | * | Kimball Electronics, Inc | 17 | |||||
3,427 | * | Knowles Corp | 63 | |||||
758 | * | KVH Industries, Inc | 9 | |||||
823 | Littelfuse, Inc | 210 | ||||||
2,379 | * | Lumentum Holdings, Inc | 226 | |||||
1,398 | Methode Electronics, Inc | 53 | ||||||
5,446 | Motorola Solutions, Inc | 926 | ||||||
632 | MTS Systems Corp | 37 | ||||||
428 | * | Napco Security Technologies, Inc | 11 | |||||
4,043 | National Instruments Corp | 178 | ||||||
4,702 | * | NCR Corp | 177 | |||||
7,346 | NetApp, Inc | 487 | ||||||
1,274 | * | Netgear, Inc | 52 | |||||
2,211 | * | Netscout Systems, Inc | 61 | |||||
1,072 | * | nLight, Inc | 35 | |||||
1,149 | * | Novanta, Inc | 136 | |||||
673 | * | OSI Systems, Inc | 63 | |||||
406 | *,e | PAR Technology Corp | 25 | |||||
430 | * | PC Connection, Inc | 20 | |||||
1,300 | Plantronics, Inc | 35 | ||||||
884 | * | Plexus Corp | 69 | |||||
8,066 | * | Pure Storage, Inc | 182 | |||||
2,205 | * | Ribbon Communications, Inc | 14 | |||||
701 | * | Rogers Corp | 109 | |||||
2,299 | * | Sanmina Corp | 73 | |||||
958 | * | Scansource, Inc | 25 | |||||
1,358 | * | Super Micro Computer, Inc | 43 | |||||
1,240 | Synnex Corp | 101 | ||||||
7,901 | * | Trimble Inc | 528 | |||||
3,576 | * | TTM Technologies, Inc | 49 | |||||
250 | Ubiquiti, Inc | 70 | ||||||
2,057 | * | Viasat, Inc | 67 | |||||
7,704 | * | Viavi Solutions, Inc | 115 | |||||
4,516 | Vishay Intertechnology, Inc | 93 | ||||||
398 | * | Vishay Precision Group, Inc | 13 | |||||
3,849 | * | Vontier Corp | 129 | |||||
9,257 | Western Digital Corp | 513 | ||||||
6,252 | Xerox Holdings Corp | 145 |
50
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
1,604 | * | Zebra Technologies Corp (Class A) | $ | 616 | ||||
|
| |||||||
TOTAL TECHNOLOGY HARDWARE & EQUIPMENT | 90,194 | |||||||
|
| |||||||
TELECOMMUNICATION SERVICES - 1.5% | ||||||||
410 | * | Anterix, Inc | 15 | |||||
226,757 | AT&T, Inc | 6,521 | ||||||
373 | ATN International, Inc | 16 | ||||||
565 | * | Bandwidth Inc | 87 | |||||
1,565 | * | Boingo Wireless, Inc | 20 | |||||
34,462 | CenturyLink, Inc | 336 | ||||||
1,877 | * | Cincinnati Bell, Inc | 29 | |||||
1,449 | Cogent Communications Group, Inc | 87 | ||||||
2,586 | * | Consolidated Communications Holdings, Inc | 13 | |||||
2,248 | *,e | Gogo, Inc | 22 | |||||
2,450 | * | IAC | 464 | |||||
3,657 | * | Iridium Communications, Inc | 144 | |||||
1,581 | * | Liberty Latin America Ltd (Class A) | 18 | |||||
5,718 | * | Liberty Latin America Ltd (Class C) | 63 | |||||
661 | * | Ooma, Inc | 9 | |||||
2,552 | * | ORBCOMM, Inc | 19 | |||||
1,811 | Shenandoah Telecom Co | 78 | ||||||
859 | Spok Holdings, Inc | 10 | ||||||
3,834 | Telephone & Data Systems, Inc | 71 | ||||||
17,513 | * | T-Mobile US, Inc | 2,362 | |||||
176 | * | US Cellular Corp | 5 | |||||
131,595 | Verizon Communications, Inc | 7,731 | ||||||
7,849 | * | Vonage Holdings Corp | 101 | |||||
|
| |||||||
TOTAL TELECOMMUNICATION SERVICES | 18,221 | |||||||
|
| |||||||
TRANSPORTATION - 2.0% | ||||||||
2,138 | * | Air Transport Services Group, Inc | 67 | |||||
3,985 | Alaska Air Group, Inc | 207 | ||||||
393 | Allegiant Travel Co | 74 | ||||||
269 | Amerco, Inc | 122 | ||||||
16,017 | e | American Airlines Group, Inc | 253 | |||||
719 | ArcBest Corp | 31 | ||||||
798 | * | Atlas Air Worldwide Holdings, Inc | 44 | |||||
1,550 | * | Avis Budget Group, Inc | 58 | |||||
4,081 | CH Robinson Worldwide, Inc | 383 | ||||||
1,092 | Copa Holdings S.A. (Class A) | 84 | ||||||
1,032 | Costamare, Inc | 9 | ||||||
452 | * | Covenant Transportation Group, Inc | 7 | |||||
24,046 | CSX Corp | 2,182 | ||||||
763 | * | Daseke, Inc | 4 | |||||
20,827 | Delta Air Lines, Inc | 837 | ||||||
219 | * | Eagle Bulk Shipping, Inc | 4 | |||||
1,070 | * | Echo Global Logistics, Inc | 29 | |||||
5,160 | Expeditors International of Washington, Inc | 491 | ||||||
7,726 | FedEx Corp | 2,006 | ||||||
902 | Forward Air Corp | 69 | ||||||
1,420 | Hawaiian Holdings, Inc | 25 | ||||||
1,188 | Heartland Express, Inc | 22 | ||||||
1,279 | * | Hub Group, Inc (Class A) | 73 | |||||
2,648 | JB Hunt Transport Services, Inc | 362 |
51
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
9,060 | * | JetBlue Airways Corp | $ | 132 | ||||
3,018 | Kansas City Southern | 616 | ||||||
2,088 | * | Kirby Corp | 108 | |||||
3,876 | Knight-Swift Transportation Holdings, Inc | 162 | ||||||
990 | Landstar System, Inc | 133 | ||||||
7,833 | * | Lyft, Inc (Class A) | 385 | |||||
2,253 | Macquarie Infrastructure Co LLC | 85 | ||||||
2,242 | Marten Transport Ltd | 39 | ||||||
1,675 | Matson, Inc | 95 | ||||||
8,199 | Norfolk Southern Corp | 1,948 | ||||||
3,116 | Old Dominion Freight Line | 608 | ||||||
1,449 | * | Radiant Logistics, Inc | 8 | |||||
1,666 | Ryder System, Inc | 103 | ||||||
1,798 | * | Safe Bulkers, Inc | 2 | |||||
741 | * | Saia, Inc | 134 | |||||
1,714 | Schneider National, Inc | 35 | ||||||
218 | e | Scorpio Bulkers, Inc | 4 | |||||
617 | * | SEACOR Holdings, Inc | 26 | |||||
1,416 | Skywest, Inc | 57 | ||||||
18,566 | Southwest Airlines Co | 865 | ||||||
2,785 | * | Spirit Airlines, Inc | 68 | |||||
43,888 | * | Uber Technologies, Inc | 2,238 | |||||
21,575 | Union Pacific Corp | 4,492 | ||||||
9,424 | * | United Airlines Holdings Inc | 408 | |||||
22,522 | United Parcel Service, Inc (Class B) | 3,793 | ||||||
200 | Universal Logistics Holdings Inc | 4 | ||||||
1,875 | Werner Enterprises, Inc | 74 | ||||||
2,690 | * | XPO Logistics, Inc | 321 | |||||
|
| |||||||
TOTAL TRANSPORTATION | 24,386 | |||||||
|
| |||||||
UTILITIES - 2.6% | ||||||||
21,023 | AES Corp | 494 | ||||||
1,489 | Allete, Inc | 92 | ||||||
7,893 | Alliant Energy Corp | 407 | ||||||
7,956 | Ameren Corp | 621 | ||||||
16,221 | American Electric Power Co, Inc | 1,351 | ||||||
1,409 | American States Water Co | 112 | ||||||
5,647 | American Water Works Co, Inc | 867 | ||||||
366 | Artesian Resources Corp | 14 | ||||||
5,498 | * | Atlantic Power Corp | 12 | |||||
3,897 | Atmos Energy Corp | 372 | ||||||
1,521 | Avangrid, Inc | 69 | ||||||
2,203 | Avista Corp | 88 | ||||||
1,598 | Black Hills Corp | 98 | ||||||
771 | Brookfield Infrastructure Corp | 56 | ||||||
3,028 | Brookfield Renewable Corp | 176 | ||||||
812 | * | Cadiz, Inc | 9 | |||||
1,860 | California Water Service Group | 100 | ||||||
15,595 | Centerpoint Energy, Inc | 337 | ||||||
640 | Chesapeake Utilities Corp | 69 | ||||||
1,290 | Clearway Energy, Inc (Class A) | 38 | ||||||
2,243 | Clearway Energy, Inc (Class C) | 72 | ||||||
9,330 | CMS Energy Corp | 569 | ||||||
10,947 | Consolidated Edison, Inc | 791 |
52
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
626 | Consolidated Water Co, Inc | $ | 8 | |||||
25,859 | Dominion Energy, Inc | 1,945 | ||||||
6,120 | DTE Energy Co | 743 | ||||||
23,236 | Duke Energy Corp | 2,127 | ||||||
11,609 | Edison International | 729 | ||||||
6,725 | Entergy Corp | 671 | ||||||
6,923 | Essential Utilities Inc | 327 | ||||||
7,609 | Evergy, Inc | 422 | ||||||
10,892 | Eversource Energy | 942 | ||||||
30,891 | Exelon Corp | 1,304 | ||||||
16,097 | FirstEnergy Corp | 493 | ||||||
919 | Genie Energy Ltd | 7 | ||||||
349 | Global Water Resources, Inc | 5 | ||||||
3,788 | Hawaiian Electric Industries, Inc | 134 | ||||||
1,455 | Idacorp, Inc | 140 | ||||||
6,373 | MDU Resources Group, Inc | 168 | ||||||
899 | MGE Energy, Inc | 63 | ||||||
644 | Middlesex Water Co | 47 | ||||||
2,568 | National Fuel Gas Co | 106 | ||||||
2,173 | New Jersey Resources Corp | 77 | ||||||
62,507 | NextEra Energy, Inc | 4,822 | ||||||
12,354 | NiSource, Inc | 283 | ||||||
1,124 | Northwest Natural Holding Co | 52 | ||||||
1,255 | NorthWestern Corp | 73 | ||||||
6,710 | NRG Energy, Inc | 252 | ||||||
6,410 | OGE Energy Corp | 204 | ||||||
1,679 | ONE Gas, Inc | 129 | ||||||
1,153 | Ormat Technologies, Inc | 104 | ||||||
920 | Otter Tail Corp | 39 | ||||||
41,849 | *,b | PG&E Corp | 521 | |||||
3,359 | Pinnacle West Capital Corp | 269 | ||||||
2,897 | PNM Resources, Inc | 141 | ||||||
2,243 | Portland General Electric Co | 96 | ||||||
23,565 | PPL Corp | 665 | ||||||
15,933 | Public Service Enterprise Group, Inc | 929 | ||||||
626 | * | Pure Cycle Corp | 7 | |||||
263 | RGC Resources, Inc | 6 | ||||||
9,147 | Sempra Energy | 1,165 | ||||||
678 | SJW Corp | 47 | ||||||
3,054 | South Jersey Industries, Inc | 66 | ||||||
33,560 | Southern Co | 2,062 | ||||||
1,840 | Southwest Gas Holdings Inc | 112 | ||||||
431 | Spark Energy, Inc | 4 | ||||||
1,343 | Spire, Inc | 86 | ||||||
1,686 | * | Sunnova Energy International, Inc | 76 | |||||
7,337 | UGI Corp | 256 | ||||||
534 | Unitil Corp | 24 | ||||||
15,748 | Vistra Energy Corp | 310 | ||||||
10,050 | WEC Energy Group, Inc | 925 | ||||||
16,649 | Xcel Energy, Inc | 1,110 | ||||||
490 | York Water Co | 23 | ||||||
|
| |||||||
TOTAL UTILITIES | 32,130 | |||||||
|
| |||||||
TOTAL COMMON STOCKS | 1,207,933 | |||||||
|
| |||||||
(Cost $383,910) | ||||||||
53
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||||||||||
RIGHTS / WARRANTS - 0.0% |
| |||||||||||||||
HEALTH CARE EQUIPMENT & SERVICES - 0.0% |
| |||||||||||||||
10 | Pulse Biosciences, Inc |
| $ | 0 | ||||||||||||
|
| |||||||||||||||
TOTAL HEALTH CARE EQUIPMENT & SERVICES |
| 0 | ||||||||||||||
|
| |||||||||||||||
MEDIA & ENTERTAINMENT - 0.0% |
| |||||||||||||||
4,469 | † | Media General, Inc |
| 0 | ||||||||||||
|
| |||||||||||||||
TOTAL MEDIA & ENTERTAINMENT |
| 0 | ||||||||||||||
|
| |||||||||||||||
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.0% |
| |||||||||||||||
478 | † | Chinook Therapeutics, Inc |
| 0 | ||||||||||||
1,565 | † | Elanco Animal Health, Inc CVR |
| 0 | ^ | |||||||||||
244 | † | Omthera Pharmaceuticals, Inc |
| 0 | ^ | |||||||||||
390 | † | Tobira Therapeutics, Inc |
| 0 | ^ | |||||||||||
|
| |||||||||||||||
TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES |
| 0 | ^ | |||||||||||||
|
| |||||||||||||||
TOTAL RIGHTS / WARRANTS |
| 0 | ^ | |||||||||||||
|
| |||||||||||||||
(Cost $0) | ||||||||||||||||
PRINCIPAL |
| ISSUER | RATE | MATURITY DATE | ||||||||||||
SHORT-TERM INVESTMENTS - 0.7% |
| |||||||||||||||
GOVERNMENT AGENCY DEBT - 0.1% | ||||||||||||||||
$ 172,000 | Federal Farm Credit Bank (FFCB) | 0.070 | % | 01/20/21 | 172 | |||||||||||
1,000,000 | Federal Home Loan Bank (FHLB) | 0.065 | 01/20/21 | 1,000 | ||||||||||||
|
| |||||||||||||||
TOTAL GOVERNMENT AGENCY DEBT |
| 1,172 | ||||||||||||||
|
| |||||||||||||||
TREASURY DEBT - 0.3% | ||||||||||||||||
3,730,000 | United States Treasury Bill | 0.077 | 01/14/21 | 3,730 | ||||||||||||
|
| |||||||||||||||
TOTAL TREASURY DEBT |
| 3,730 | ||||||||||||||
|
| |||||||||||||||
SHARES | COMPANY | |||||||||||||||
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.3% |
| |||||||||||||||
3,718,132 | c | State Street Navigator Securities Lending Government Money Market Portfolio | 0.080 | 3,718 | ||||||||||||
|
| |||||||||||||||
TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES |
| 3,718 | ||||||||||||||
|
| |||||||||||||||
TOTAL SHORT-TERM INVESTMENTS |
| 8,620 | ||||||||||||||
|
| |||||||||||||||
(Cost $8,620) |
| |||||||||||||||
TOTAL INVESTMENTS - 100.2% (Cost $392,530) |
| 1,216,553 | ||||||||||||||
OTHER ASSETS & LIABILITIES, NET - (0.2)% |
| (2,993 | ) | |||||||||||||
|
| |||||||||||||||
NET ASSETS - 100.0% |
| $ | 1,213,560 | |||||||||||||
|
|
Abbreviation(s):
CVR | Contingent Value Rights |
REIT | Real Estate Investment Trust |
^ | Amount represents less than $1,000. |
* | Non-income producing |
† | Security is categorized as Level 3 in the fair value hierarchy. |
b | In bankruptcy |
c | Investments made with cash collateral received from securities on loan. |
d | All or a portion of these securities have been segregated to cover margin requirements on open futures contracts. |
54
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
e | All or a portion of these securities are out on loan. The value of securities on loan is $5,497,875. |
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 12/31/20, the value of these securities is 79,806 or 0.01% of net assets. |
Cost amounts are in thousands. |
Futures contracts outstanding as of December 31, 2020 were as follows (notional amounts and values are in thousands):
Description | Number of long (short) contracts | Expiration date | Notional amount | Value | Unrealized appreciation (depreciation) | |||||||||||||
S&P 500 E Mini Index | 20 | 03/19/21 | $ | 3,665 | $ | 3,749 | $ | 84 |
55
Report of Independent Registered Public Accounting Firm
To the Management Committee and Contractowners of the Stock Index Account of TIAA Separate Account VA-1
Opinion on the Financial Statements
We have audited the accompanying statement of assets and liabilities, including the summary portfolio of investments, of Stock Index Account of TIAA Separate Account VA-1 (the “Account”) as of December 31, 2020, the related statement of operations for the year ended December 31, 2020, the statement of changes in net assets for each of the two years in the period ended December 31, 2020, including the related notes, and the financial highlights for each of the five years in the period ended December 31, 2020 (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 December 31, 2020 (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Account as of December 31, 2020, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period ended December 31, 2020 and the financial highlights for each of the five years in the period ended December 31, 2020 in conformity with accounting principles generally accepted in the United States of America.
Basis for Opinion
These financial statements are the responsibility of the Account’s management. Our responsibility is to express an opinion on the Account’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 Account 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 December 31, 2020 by correspondence with the custodian, and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinion.
/s/ PricewaterhouseCoopers LLP
Baltimore, Maryland
February 19, 2021
We have served as the auditor of one or more investment companies in TIAA-CREF Funds’ investment company group since 2005.
56
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 Management Committee.
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 SEPARATE ACCOUNT VA-1 | ||||||||
Dated: February 19, 2021 | By: | /s/ Liza M. Tyler | ||||||
Liza M. Tyler | ||||||||
Principal Executive Officer |
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: February 19, 2021 | By: | /s/ Liza M. Tyler | ||||||
Liza M. Tyler | ||||||||
Principal Executive Officer | ||||||||
(principal executive officer) | ||||||||
Dated: February 19, 2021 | By: | /s/ E. Scott Wickerham | ||||||
E. Scott Wickerham | ||||||||
Principal Financial Officer, Principal Accounting Officer and Treasurer | ||||||||
(principal financial officer) |