UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT
INVESTMENT COMPANIES
Investment Company Act file number File No. 811-008961
TIAA-CREF LIFE FUNDS
(Exact Name of Registrant as specified in charter)
730 Third Avenue, New York, New York 10017-3206
(Address of Principal Executive Offices) (Zip code)
Stewart P. Greene, Esq.
c/o TIAA-CREF
730 Third Avenue
New York, New York 10017-3206
(Name and address of agent for service)
Registrant’s telephone number, including area code: 212-490-9000
Date of fiscal year end: December 31
Date of reporting period: June 30, 2012
Item 1. Reports to Stockholders.
| Contents | ||||||||
| Understanding your TIAA-CREF Life Funds report | 2 | |||||||
| Information on the TIAA-CREF Life Funds | 3 | |||||||
| About the funds’ benchmarks | 4 | |||||||
| Important information about expenses | 6 | |||||||
| Fund performance | ||||||||
| 7 | ||||||||
| 10 | ||||||||
| 13 | ||||||||
| 16 | ||||||||
| 19 | ||||||||
| 22 | ||||||||
| 25 | ||||||||
| 28 | ||||||||
| 31 | ||||||||
| 34 | ||||||||
| Summary portfolios of investments | 37 | |||||||
| Financial statements (unaudited) | ||||||||
| 74 | ||||||||
| 78 | ||||||||
| 82 | ||||||||
| 89 | ||||||||
| 99 | ||||||||
| Board renewal of the investment advisory agreement | 111 | |||||||
| How to reach us | Inside back cover | |||||||
Understanding your TIAA-CREF Life Funds report
This semiannual report contains information about the ten TIAA-CREF Life Funds and describes the funds’ results for the six months ended June 30, 2012. The report contains three main sections:
| • | The fund performance section compares each fund’s investment returns with those of its benchmark index. |
| • | The summary portfolios of investments list the industries and types of securities in which each fund had investments as of June 30, 2012. |
| • | The financial statements provide detailed information about the operations and financial condition of each fund. |
The views and opinions expressed in this report are through the end of the period, as stated on the cover of this report. They are subject to change at any time based on a variety of factors. As such, they are not guarantees of future performance or investment results and should not be taken as investment advice. The risks of investing in the TIAA-CREF Life Funds vary from fund to fund; to see the risks of investing in an individual fund, please refer to that fund’s latest prospectus.
As always, you should carefully consider the investment objectives, risks, charges and expenses of any fund before investing. For a prospectus that contains this and other important information, please visit our website at tiaa-cref.org, or call 800 223-1200. We urge you to read the prospectus carefully before investing.
| 2 2012 Semiannual Report ¡ TIAA-CREF Life Funds |
Information on the TIAA-CREF Life Funds
Portfolio holdings
Securities and Exchange Commission (SEC) rules allow investment companies to list the top holdings of each fund in their annual and semiannual reports, instead of providing complete portfolio listings. The TIAA-CREF Life Funds also file complete portfolio listings with the SEC, and they are available to the public.
You can obtain a complete list of the TIAA-CREF Life Funds’ portfolio holdings (Schedules of Investments) as of the most recently completed fiscal quarter in the following ways:
| • | By visiting our website at tiaa-cref.org; or |
| • | By calling us at 800 842-2252 to request a copy free of charge. |
You can also obtain a complete list of the TIAA-CREF Life Funds’ portfolio holdings as of the most recently completed fiscal quarter, and for prior quarter-ends, from our SEC Form N-CSR and Form N-Q filings. Form N-CSR filings are as of December 31 or June 30; Form N-Q 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 www.sec.gov; or |
| • | From the SEC’s Office of Investor Education and Advocacy. |
(Call 202 551-8090 for more information.)
Proxy voting
TIAA-CREF Life Funds’ 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-cref.org or on the SEC’s website at www.sec.gov. You can also call us at 800 223-1200 to request a free copy. A report of how the funds voted during the most recently completed twelve-month period ended June 30 can be found on our website or on Form N-PX at www.sec.gov.
Contacting TIAA-CREF
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-CREF, 730 Third Avenue, New York, NY 10017–3206; or by phone at 800 223-1200.
Fund management
TIAA-CREF Life Funds are managed by the portfolio management teams of Teachers Advisors, Inc. The members of these teams are responsible for the day-to-day investment management of the funds.
| TIAA-CREF Life Funds ¡ 2012 Semiannual Report 3 |
Equity Indexes
Broad market index
The Russell 3000® Index 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.
Large-cap indexes
The S&P 500® Index is a market-capitalization-weighted index of the stocks of 500 leading companies in major industries of the U.S. economy.
The MSCI EAFE Index measures the performance of the leading stocks in 22 developed countries outside North America—in Europe, Australasia and the Far East.
The Russell 1000® Growth Index is a subset of the Russell 1000 Index, which measures the performance of the stocks of the 1,000 largest companies in the Russell 3000 Index, based on market capitalization. The Russell 1000 Growth Index measures the performance of those stocks of the Russell 1000 Index with higher relative forecasted growth rates and price/book ratios.
The Russell 1000 Value Index is a subset of the Russell 1000 Index, which measures the performance of the stocks of the 1,000 largest companies in the Russell 3000 Index, based on market capitalization. The Russell 1000 Value Index measures the performance of those stocks of the Russell 1000 Index with lower relative forecasted growth rates and price/book ratios.
Small-cap index
The Russell 2000® Index measures the performance of the stocks of the 2,000 smallest companies in the Russell 3000 Index, based on market capitalization.
Specialty equity index
The FTSE NAREIT All Equity REITs Index measures the performance of publicly traded real estate investment trusts in the United States that own, manage and lease investment-grade commercial real estate.
| 4 2012 Semiannual Report ¡ TIAA-CREF Life Funds |
About the funds’ benchmarks
Fixed-income Index
The Barclays U.S. Aggregate Bond Index measures the performance of the broad domestic investment-grade, fixed-rate bond market, including government and corporate securities, agency mortgage pass-through securities, asset-backed securities and commercial mortgage-backed securities.
You cannot invest directly in an index. Index returns do not include a deduction for fees or expenses.
In March 2012, Barclays Capital changed its name to Barclays.
Russell 1000, Russell 2000 and Russell 3000 are trademarks, service marks and copyrights of Russell Investments. TIAA-CREF products are not promoted or sponsored by, or affiliated with, Russell Investments. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. This report is not approved, reviewed or produced by MSCI. S&P 500 is a registered trademark and service mark of the McGraw-Hill Companies, Inc. FTSE is a trademark of the London Stock Exchange plc and The Financial Times Limited.
| TIAA-CREF Life Funds ¡ 2012 Semiannual Report 5 |
Important information about expenses
All shareholders of the TIAA-CREF Life Funds incur ongoing costs, including management fees and other fund expenses.
The TIAA-CREF Life Funds are the underlying investment vehicles for certain variable life insurance and variable annuity contracts issued by TIAA-CREF Life Insurance Company. These contracts have additional administrative expense fees and mortality and expense risk charges. Because of these additional deductions, the costs to investors will be higher than the figures shown in the expense examples. Information about these additional charges can be found in the product prospectuses.
The expense examples that appear on the performance pages are intended to help you understand your ongoing costs only (in U.S. dollars) and do not reflect transactional costs incurred by the fund for buying and selling securities. The examples are designed to help you compare these ongoing costs with the ongoing costs of investing in other mutual funds. Shareholders of the TIAA-CREF Life Funds do not incur a sales charge on purchases, on reinvested dividends or other distributions.
The examples are based on an investment of $1,000 invested at the beginning of the six-month period and held for the entire period (January 1, 2012 to June 30, 2012).
Actual expenses
The first line in each table uses the fund’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. Some funds have a contractual fee reimbursement. Had these not been in effect, fund expenses would have been higher.
Hypothetical example for comparison purposes
The second line shows hypothetical account values and expenses based on the fund’s actual expense ratio for the six-month period and an assumed 5% per year rate of return before expenses. This was not the fund’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 fund with that of other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of other mutual funds.
| 6 2012 Semiannual Report ¡ TIAA-CREF Life Funds |
Performance for the six months ended June 30, 2012
The Growth Equity Fund returned 9.35% for the period, compared with the 10.08% return of its benchmark, the Russell 1000® Growth Index. For the one-year period ended June 30, 2012, the fund returned 4.21%, versus 5.76% for the index.
U.S. stocks got off to a strong start in the first quarter of 2012, climbing 12.87%, as measured by the Russell 3000® Index. The rally was driven by positive U.S. economic data and easing concerns about the European sovereign debt crisis. In the second quarter, however, the market lost 3.15% on signs of slowing domestic growth and renewed worries about Europe. Nonetheless, U.S. stocks finished the first half of the year with a gain of 9.32%.
For the six-month period, large-cap growth issues outperformed the broad U.S. market. They also outpaced smaller companies in the growth category; small-cap stocks rose 8.81%, while mid-cap issues returned 8.10%. (Returns by investment style and capitalization size are based on the Russell indexes.)
For the ten years ended June 30, 2012, the Russell 1000 Growth Index posted an average annual return of 6.03%, topping the 5.81% average return of the Russell 3000 Index.
Technology lifts the benchmark
Eight of the benchmark’s nine industry sectors registered positive returns for the period, and five scored double-digit advances. Technology, the benchmark’s largest sector, in terms of market capitalization at period-end, also made the largest contribution to the benchmark’s rise; it gained 15.8%. Strong results from the sizable health care, consumer discretionary and consumer staples sectors also helped; they returned 16.1%, 11.8% and 10.2%, respectively. Together, these four sectors made up nearly two-thirds of the index on June 30, 2012.
The only loss came from the energy sector, which fell 4.1% as a result of falling oil and natural gas prices.
The fund produced a strong absolute return but lagged its benchmark because of unfavorable stock selections. These included overweight investments in Google, Nike and biotechnology firm Gilead Sciences. An out-of-benchmark position in Japanese social networking provider Gree also trimmed performance slightly.
These detractors were partly offset by favorable results from several overweight stock choices. Chief among these were Walt Disney, online retailer Amazon and software provider Red Hat. The fund’s exclusion of Exxon Mobil and McDonald’s, which both lagged the benchmark during the period, aided returns as well.
| TIAA-CREF Life Funds ¡ 2012 Semiannual Report 7 |
Growth Equity Fund
Performance as of June 30, 2012
| Total return | Average annual total return |
|||||||||||||||||||
| Inception date | 6 months | 1 year | 5 years | 10 years | ||||||||||||||||
| Growth Equity Fund | 4/3/2000 | 9.35 | % | 4.21 | % | 2.51 | % | 5.46 | % | |||||||||||
| Russell 1000® Growth Index | — | 10.08 | 5.76 | 2.87 | 6.03 | |||||||||||||||
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 shares. For current performance information, including performance to the most recent month-end, please visit tiaa-cref.org. Performance may reflect waivers or reimbursements of certain expenses. Absent these waivers or reimbursement arrangements, performance may be lower.
You cannot invest directly in an index. Index returns do not include a deduction for fees or expenses.
Expense example
Six months ended June 30, 2012
|
Growth Equity Fund |
Beginning account value (1/1/12) |
Ending account value (6/30/12) |
Expenses paid during period* (1/1/12–6/30/12) | |||
| Actual return | $1,000.00 | $1,093.48 | $2.71 | |||
| 5% annual hypothetical return | 1,000.00 | 1,022.28 | 2.61 |
| * | “Expenses paid during period” is based on the fund’s actual expense ratio for the most recent fiscal half-year, multiplied by the average account value over the six-month period, multiplied by 182/366. There were 182 days in the six months ended June 30, 2012. The fund’s annualized six-month expense ratio for that period was 0.52%. The expense charges of the fund may at times reflect a reimbursement. Please see the prospectus for an explanation, including the date on which this reimbursement is scheduled to end. Without such reimbursement, the expenses of the fund would be higher and its performance lower. |
For more information about this expense example, please see page 6.
| 8 2012 Semiannual Report ¡ TIAA-CREF Life Funds |
Growth Equity Fund
| TIAA-CREF Life Funds ¡ 2012 Semiannual Report 9 |
Performance for the six months ended June 30, 2012
The Growth & Income Fund returned 9.61% for the period, compared with the 9.49% return of its benchmark, the S&P 500® Index. For the one-year period ended June 30, 2012, the fund returned 4.55%, versus 5.45% for the index.
During the first half of 2012, the S&P 500 Index posted a solid gain and edged ahead of the 9.32% return of the broad U.S. stock market, as measured by the Russell 3000® Index. More than one-third of the market capitalization of the Russell index is made up of small- and mid-cap stocks, which lagged the large-cap stocks of the S&P 500 for the period.
For the ten years ended June 30, 2012, however, the average annual return of the S&P 500 Index lagged that of the Russell 3000 Index, 5.33% versus 5.81%.
Financials and technology lead the way
Nine of the benchmark’s ten industry sectors posted positive returns for the first half of 2012, and five achieved double-digit gains. The biggest contributions came from the index’s two largest sectors: financials (up 13.7%) and information technology (up 13.3%). Together, these two sectors made up more than one-third of the benchmark’s total market capitalization on June 30, 2012. The sizable consumer discretionary (up 13.0%) and health care (up 11.0%) sectors also helped. The one loss came from the energy sector, which was pressured by falling oil and natural gas prices; it returned –2.3%.
The fund generated a strong absolute return and outperformed the S&P 500 because of numerous favorable stock choices. Among the largest contributions to the fund’s relative performance were overweight positions in Apple and Discover Financial Services. Out-of-benchmark holdings in energy drink marketer Monster Beverage, pharmacy benefit manager SXC Health Solutions and athletic shoe retailer Foot Locker also lifted the fund’s relative performance.
These positive results were partly offset by detractors from performance, including underweight positions in Bank of America and Verizon, whose stock rose more than 10% during the period. An overweight in Anadarko Petroleum and an out-of-benchmark holding in energy services provider Ensco also trimmed results slightly.
| 10 2012 Semiannual Report ¡ TIAA-CREF Life Funds |
Growth & Income Fund
Performance as of June 30, 2012
| Total return | Average annual total return |
|||||||||||||||||||
| Inception date | 6 months | 1 year | 5 years | 10 years | ||||||||||||||||
| Growth & Income Fund | 4/3/2000 | 9.61 | % | 4.55 | % | 2.68 | % | 6.97 | % | |||||||||||
| S&P 500 Index | — | 9.49 | 5.45 | 0.22 | 5.33 | |||||||||||||||
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 shares. For current performance information, including performance to the most recent month-end, please visit tiaa-cref.org. Performance may reflect waivers or reimbursements of certain expenses. Absent these waivers or reimbursement arrangements, performance may be lower.
You cannot invest directly in an index. Index returns do not include a deduction for fees or expenses.
Expense example
Six months ended June 30, 2012
|
Growth & Income Fund |
Beginning account value (1/1/12) |
Ending account value (6/30/12) |
Expenses paid during period* (1/1/12–6/30/12) | |||
| Actual return | $1,000.00 | $1,096.08 | $2.71 | |||
| 5% annual hypothetical return | 1,000.00 | 1,022.28 | 2.61 |
| * | “Expenses paid during period” is based on the fund’s actual expense ratio for the most recent fiscal half-year, multiplied by the average account value over the six-month period, multiplied by 182/366. There were 182 days in the six months ended June 30, 2012. The fund’s annualized six-month expense ratio for that period was 0.52%. The expense charges of the fund may at times reflect a reimbursement. Please see the prospectus for an explanation, including the date on which this reimbursement is scheduled to end. Without such reimbursement, the expenses of the fund would be higher and its performance lower. |
For more information about this expense example, please see page 6.
| TIAA-CREF Life Funds ¡ 2012 Semiannual Report 11 |
Growth & Income Fund
| 12 2012 Semiannual Report ¡ TIAA-CREF Life Funds |
Performance for the six months ended June 30, 2012
The International Equity Fund returned 7.94% for the period, compared with the 2.96% return of its benchmark, the MSCI EAFE Index. For the one-year period ended June 30, 2012, the fund returned –18.96%, versus –13.83% for the index.
For the first quarter of 2012, the MSCI EAFE Index, which measures stock performance in 22 developed nations outside North America, gained 10.86%. Signs of improvement in the European sovereign debt crisis bolstered investor confidence. However, the index declined 7.13% in the second quarter on concerns about slowing global growth.
The MSCI EAFE Index gained 4.24% in local currencies for the six months. The euro and yen weakened versus the dollar, lowering returns for U.S. investors. The EAFE trailed the broad U.S. stock market, which rose 9.32%, as measured by the Russell 3000® Index.
For the six months, European stocks, which made up the largest regional segment of the EAFE index in terms of market capitalization at period-end, rose 2.4%, supported by gains in the United Kingdom (up 3.4%), the benchmark’s largest country component, and Germany (up 5.9%). Japan, the second-largest component of the benchmark, returned 3.1%.
Stock selections propel the fund above its benchmark
The fund outperformed its benchmark by nearly five percentage points on the strength of numerous favorable stock selections. These included overweights in British cruise ship operator Carnival and in two German companies: chemical producer Lanxess and drug maker Bayer. A nonbenchmark investment in India’s HDFC Bank also benefited relative returns.
These positive effects were partly offset by results from unsuccessful stock choices, such as an overweight in British financial company Man Group and out-of-benchmark positions in Japanese consumer support website Kakaku.com and Indian commercial real estate developer DLF.
The fund’s returns may sometimes diverge from the returns of its benchmark index more than would be expected. This divergence may be the result of the fund’s fair value pricing adjustments or of the timing of foreign currency valuations.
Many foreign exchanges close for trading before the fund’s net asset value (NAV) is calculated (generally 4 p.m. ET). In the intervening hours, the values of foreign securities can change, and these changes are not reflected immediately in the returns of the fund’s benchmark. These changes are, however, taken into account to value the fund’s portfolio holdings at the time the fund’s NAV is calculated.
| TIAA-CREF Life Funds ¡ 2012 Semiannual Report 13 |
International Equity Fund
Performance as of June 30, 2012
| Total return | Average annual total return |
|||||||||||||||||||
| Inception date | 6 months | 1 year | 5 years | 10 years | ||||||||||||||||
| International Equity Fund | 4/3/2000 | 7.94 | % | –18.96 | % | –7.61 | % | 5.15 | % | |||||||||||
| MSCI EAFE Index | — | 2.96 | –13.83 | –6.10 | 5.14 | |||||||||||||||
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 shares. For current performance information, including performance to the most recent month-end, please visit tiaa-cref.org. Performance may reflect waivers or reimbursements of certain expenses. Absent these waivers or reimbursement arrangements, performance may be lower.
You cannot invest directly in an index. Index returns do not include a deduction for fees or expenses.
Expense example
Six months ended June 30, 2012
|
International Equity Fund |
Beginning account value (1/1/12) |
Ending account value (6/30/12) |
Expenses paid during period* (1/1/12–6/30/12) | |||
| Actual return | $1,000.00 | $1.079.38 | $3.10 | |||
| 5% annual hypothetical return | 1,000.00 | 1,021.88 | 3.02 |
| * | “Expenses paid during period” is based on the fund’s actual expense ratio for the most recent fiscal half-year, multiplied by the average account value over the six-month period, multiplied by 182/366. There were 182 days in the six months ended June 30, 2012. The fund’s annualized six-month expense ratio for that period was 0.60%. The expense charges of the fund may at times reflect a reimbursement. Please see the prospectus for an explanation, including the date on which this reimbursement is scheduled to end. Without such reimbursement, the expenses of the fund would be higher and its performance lower. |
For more information about this expense example, please see page 6.
| 14 2012 Semiannual Report ¡ TIAA-CREF Life Funds |
International Equity Fund
| TIAA-CREF Life Funds ¡ 2012 Semiannual Report 15 |
Performance for the six months ended June 30, 2012
The Large-Cap Value Fund returned 9.99% for the period, compared with the 8.68% return of its benchmark, the Russell 1000® Value Index. For the one-year period ended June 30, 2012, the fund returned –0.65%, versus 3.01% for the benchmark.
Large-cap value stocks trailed large-cap growth issues in 2011 as they had in the previous two years. That pattern continued in the first half of 2012, largely because the Russell 1000 Value Index contained fewer high-performing technology stocks. For the period, the Russell 1000 Growth Index climbed 15.8%.
For the five years ended June 30, 2012, value issues in the large-cap category underperformed their growth counterparts by a wide margin. Over that period, the Russell 1000 Value Index posted an average annual return of –2.19%—more than five percentage points less than the 2.87% average return of the Russell 1000 Growth Index.
Eight of nine benchmark sectors advance
All but one of the nine industry sectors of the Russell 1000 Value Index advanced for the period, with three scoring double-digit gains. The largest sector, financial services, which made up one-quarter of the total market capitalization of the index on June 30, 2012, jumped 13.7%, and consumer discretionary returned a robust 16.0%. Producer durables (up 10.3%) and utilities (up 9.4%) also made significant contributions to returns. However, a 2.1% loss in the energy sector helped constrain overall results.
The fund outpaced its benchmark for the period by more than one-and-a-quarter percentage points because of numerous advantageous stock selections. These included overweight holdings in homebuilder PulteGroup, AOL and eBay. Nonbenchmark positions in building products supplier Masco and Cobalt International Energy also contributed significantly to the fund’s outperformance.
Partly offsetting these favorable results were several detractors, such as overweight positions in J.C. Penney, energy provider Exelon and technology giant Hewlett-Packard. Out-of-benchmark investments in energy supplier Weatherford International and Israeli drug manufacturer Teva Pharmaceuticals also detracted slightly from relative returns.
| 16 2012 Semiannual Report ¡ TIAA-CREF Life Funds |
Large-Cap Value Fund
Performance as of June 30, 2012
| Total return | Average annual total return |
|||||||||||||||||||
| Inception date | 6 months | 1 year | 5 years | since inception |
||||||||||||||||
| Large-Cap Value Fund | 10/28/2002 | 9.99 | % | –0.65 | % | –2.53 | % | 7.51 | % | |||||||||||
| Russell 1000 Value Index | — | 8.68 | 3.01 | –2.19 | 6.91 | |||||||||||||||
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 shares. For current performance information, including performance to the most recent month-end, please visit tiaa-cref.org. Performance may reflect waivers or reimbursements of certain expenses. Absent these waivers or reimbursement arrangements, performance may be lower.
You cannot invest directly in an index. Index returns do not include a deduction for fees or expenses.
Expense example
Six months ended June 30, 2012
|
Large-Cap Value Fund |
Beginning account value (1/1/12) |
Ending account value (6/30/12) |
Expenses paid during period* (1/1/12–6/30/12) | |||
| Actual return | $1,000.00 | $1,099.92 | $2.71 | |||
| 5% annual hypothetical return | 1,000.00 | 1,022.28 | 2.61 |
| * | “Expenses paid during period” is based on the fund’s actual expense ratio for the most recent fiscal half-year, multiplied by the average account value over the six-month period, multiplied by 182/366. There were 182 days in the six months ended June 30, 2012. The fund’s annualized six-month expense ratio for that period was 0.52%. The expense charges of the fund may at times reflect a reimbursement. Please see the prospectus for an explanation, including the date on which this reimbursement is scheduled to end. Without such reimbursement, the expenses of the fund would be higher and its performance lower. |
For more information about this expense example, please see page 6.
| TIAA-CREF Life Funds ¡ 2012 Semiannual Report 17 |
Large-Cap Value Fund
| 18 2012 Semiannual Report ¡ TIAA-CREF Life Funds |
Performance for the six months ended June 30, 2012
The Small-Cap Equity Fund returned 7.30% for the period, compared with the 8.53% return of its benchmark, the Russell 2000® Index. For the one-year period ended June 30, 2012, the fund returned –4.66%, versus –2.08% for the index.
For the first quarter of 2012, U.S. stocks, as measured by the Russell 3000® Index, gained 12.87%. The rally was driven by positive U.S. economic data and easing concerns about the European sovereign debt crisis. However, stocks lost 3.15% in the second quarter on signs the U.S. economy was slowing, as well as on renewed worries about the fiscal health of Greece, Spain and other European countries. Despite the second-quarter decline, stocks finished the first half of the year up 9.32%.
Small-cap issues posted a solid advance for the six months but failed to keep pace with the broad market. Within the small-cap category, growth stocks outpaced value issues, 8.81% to 8.23%. (Returns are based on the Russell indexes.)
For the five years ended June 30, 2012, the Russell 2000 Index registered an average annual gain of 0.54%, outpacing the 0.39% average return for the Russell 3000 Index.
Three large sectors drive the benchmark’s rise
For the six-month period, eight of the nine industry sectors of the Russell 2000 Index posted positive returns, with three scoring double-digit gains. The largest contributions came from the health care, financial services and consumer discretionary sectors, which rose 20.9%, 12.2% and 11.5%, respectively. Together, these three sectors made up more than half of the benchmark’s total market capitalization on June 30, 2012.
Energy, the only sector in the index to post a loss for the period, returned –10.7%. Energy stocks came under pressure as a result of falling oil and natural gas prices.
For the six months, the fund trailed its benchmark largely because several stock choices did not perform as expected. Chief among them were overweight positions in wireless services provider BrightPoint, drug company ViroPharma and women’s apparel company Ascena Retail Group. An underweight in drug developer Vivus and the exclusion of Arena Pharmaceuticals also trimmed relative results slightly.
These effects were partly offset by successful stock selections, including overweight holdings in U.S. Airways, online marketer Liquidity Services, medical device company NuVasive and software developer SolarWinds.
| TIAA-CREF Life Funds ¡ 2012 Semiannual Report 19 |
Small-Cap Equity Fund
Performance as of June 30, 2012
| Total return | Average annual total return |
|||||||||||||||||||
| Inception date | 6 months | 1 year | 5 years | since inception |
||||||||||||||||
| Small-Cap Equity Fund | 10/28/2002 | 7.30 | % | –4.66 | % | 0.02 | % | 9.72 | % | |||||||||||
| Russell 2000® Index | — | 8.53 | –2.08 | 0.54 | 9.74 | |||||||||||||||
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 shares. For current performance information, including performance to the most recent month-end, please visit tiaa-cref.org. Performance may reflect waivers or reimbursements of certain expenses. Absent these waivers or reimbursement arrangements, performance may be lower.
You cannot invest directly in an index. Index returns do not include a deduction for fees or expenses.
Expense example
Six months ended June 30, 2012
|
Small-Cap Equity Fund |
Beginning account value (1/1/12) |
Ending account value (6/30/12) |
Expenses paid during period* (1/1/12–6/30/12) | |||
| Actual return | $1,000.00 | $1,073.05 | $2.83 | |||
| 5% annual hypothetical return | 1,000.00 | 1,022.13 | 2.77 |
| * | “Expenses paid during period” is based on the fund’s actual expense ratio for the most recent fiscal half-year, multiplied by the average account value over the six-month period, multiplied by 182/366. There were 182 days in the six months ended June 30, 2012. The fund’s annualized six-month expense ratio for that period was 0.55%. The expense charges of the fund may at times reflect a reimbursement. Please see the prospectus for an explanation, including the date on which this reimbursement is scheduled to end. Without such reimbursement, the expenses of the fund would be higher and its performance lower. |
For more information about this expense example, please see page 6.
| 20 2012 Semiannual Report ¡ TIAA-CREF Life Funds |
Small-Cap Equity Fund
| TIAA-CREF Life Funds ¡ 2012 Semiannual Report 21 |
Performance for the six months ended June 30, 2012
The Stock Index Fund returned 9.28% for the period, compared with the 9.32% return of its benchmark, the Russell 3000® Index. For the one-year period ended June 30, 2012, the fund returned 3.78%, versus 3.84% for the index.
For the six-month period, the fund’s return trailed that of its benchmark primarily because of the effect of expenses. The fund’s return includes a deduction for expenses, while the benchmark’s return does not. The fund had a risk profile similar to that of its benchmark.
For the first quarter of 2012, U.S. stocks, as measured by the Russell 3000 Index, gained 12.87%. The rally was driven by positive U.S. economic data and easing concerns about the European sovereign debt crisis. However, stocks lost 3.15% in the second quarter on signs that growth was slowing, as well as on renewed worries about the fiscal health of Greece, Spain and other European nations. Despite the second quarter decline, stocks finished the first half of the year with a strong gain.
For the six months, large-cap stocks rose 9.38%, while small- and mid-cap issues returned 8.53% and 7.97%, respectively. Growth stocks within the Russell 3000 outperformed value issues, 9.98% to 8.64%. (Returns by investment style and market capitalization are based on the Russell indexes.)
Three largest sectors drive the benchmark’s advance
For the period, eight of the nine industry sectors of the Russell 3000 generated positive returns, with four achieving double-digit gains. The biggest contributions to performance came from the benchmark’s three largest sectors—technology, financial services and consumer discretionary—which rose 11.9%, 13.6% and 13.0%, respectively. Together, these three sectors made up nearly half of the benchmark’s total market capitalization at period-end. Solid contributions from health care (up 12.8%) and producer durables (up 7.3%) also boosted the benchmark’s return.
Energy, down 3.2%, was the only sector in the benchmark to post a loss for the period. Energy stocks struggled due to falling oil and natural gas prices.
Three of the five largest stocks in the Russell 3000 Index scored exceptional gains for the six-month period. Apple led the way, rising 44.2%, followed by Microsoft and General Electric, which climbed 19.4% and 18.4%, respectively. In contrast, IBM (up 7.2%) and Exxon Mobil (up 2.2%) trailed the market.
| 22 2012 Semiannual Report ¡ TIAA-CREF Life Funds |
Stock Index Fund
Performance as of June 30, 2012
| Total return | Average annual total return |
|||||||||||||||||||
| Inception date | 6 months | 1 year | 5 years | 10 years | ||||||||||||||||
| Stock Index Fund | 1/4/1999 | 9.28 | % | 3.78 | % | 0.43 | % | 5.81 | % | |||||||||||
| Russell 3000 Index | — | 9.32 | 3.84 | 0.39 | 5.81 | |||||||||||||||
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 shares. For current performance information, including performance to the most recent month-end, please visit tiaa-cref.org. Performance may reflect waivers or reimbursements of certain expenses. Absent these waivers or reimbursement arrangements, performance may be lower.
You cannot invest directly in an index. Index returns do not include a deduction for fees or expenses.
Expense example
Six months ended June 30, 2012
|
Stock Index Fund |
Beginning account value (1/1/12) |
Ending account value (6/30/12) |
Expenses paid during period* (1/1/12–6/30/12) | |||
| Actual return | $1,000.00 | $1,092.77 | $0.47 | |||
| 5% annual hypothetical return | 1,000.00 | 1.024.42 | 0.45 |
| * | “Expenses paid during period” is based on the fund’s actual expense ratio for the most recent fiscal half-year, multiplied by the average account value over the six-month period, multiplied by 182/366. There were 182 days in the six months ended June 30, 2012. The fund’s annualized six-month expense ratio for that period was 0.09%. The expense charges of the fund may at times reflect a reimbursement. Please see the prospectus for an explanation, including the date on which this reimbursement is scheduled to end. Without such reimbursement, the expenses of the fund would be higher and its performance lower. |
For more information about this expense example, please see page 6.
| TIAA-CREF Life Funds ¡ 2012 Semiannual Report 23 |
Stock Index Fund
| 24 2012 Semiannual Report ¡ TIAA-CREF Life Funds |
Performance for the six months ended June 30, 2012
The Social Choice Equity Fund returned 6.22% for the period, compared with the 9.32% return of its benchmark, the Russell 3000® Index. For the one-year period ended June 30, 2012, the fund returned 0.71%, versus 3.84% for the index. The fund screens investments according to social criteria, while the benchmark does not.
Because of its social screens, the fund did not invest in a number of stocks included in the Russell 3000 Index. Avoiding these issues produced mixed results during the six-month period, but the net effect was to decrease the fund’s return relative to that of its benchmark.
The biggest detraction from the fund’s relative performance resulted from the exclusion of Apple, the benchmark’s largest stock, which rose 44.2% during the first half of the year as the result of better-than-expected quarterly earnings. The absence of Bank of America (up 47.5%), AT&T (up 21.4%) and Wells Fargo (up 23.0%) trimmed relative returns as well. Avoiding Microsoft—the third largest stock in the index in terms of market capitalization on June 30, 2012—further reduced the fund’s results.
In contrast, relative performance was enhanced by the exclusion of four underperforming mega-cap energy companies: Exxon Mobil, Chevron, Schlumberger and Occidental Petroleum. Energy, constrained by falling oil and natural gas prices, was the only sector in the Russell 3000 Index to record a loss for the six months.
Quantitative modeling techniques help mitigate risks
To compensate for the fund’s exclusion of some stocks of the Russell 3000 Index, its managers use quantitative (mathematical) modeling and other techniques in an attempt to closely match, to the extent possible, the investment characteristics of the portfolio to those of the index. One such method is to overweight or underweight specific stocks relative to each one’s percentage of the overall capitalization of the benchmark.
During the period, the fund’s relative return was adversely affected by a number of overweight positions in the technology sector that did not perform as expected. Chief among these were Hewlett-Packard, Dell and Google, which fell 21.1%, 14.5% and 10.2%, respectively. Overweight holdings in McDonald’s and in three energy companies—Hess, Marathon Oil and Noble Energy—also lowered results.
Partly offsetting these detractors were positive contributions from overweight positions in Time Warner Cable, women’s apparel retailer TJX Companies, biotechnology firm Biogen Idec and chemical company LyondellBasell.
| TIAA-CREF Life Funds ¡ 2012 Semiannual Report 25 |
Social Choice Equity Fund
Performance as of June 30, 2012
| Total return | Average annual total return |
|||||||||||||||||||
| Inception date | 6 months | 1 year | 5 years | 10 years | ||||||||||||||||
| Social Choice Equity Fund | 4/3/2000 | 6.22 | % | 0.71 | % | 0.42 | % | 5.86 | % | |||||||||||
| Russell 3000® Index | — | 9.32 | 3.84 | 0.39 | 5.81 | |||||||||||||||
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 shares. For current performance information, including performance to the most recent month-end, please visit tiaa-cref.org. Performance may reflect waivers or reimbursements of certain expenses. Absent these waivers or reimbursement arrangements, performance may be lower.
You cannot invest directly in an index. Index returns do not include a deduction for fees or expenses.
Expense example
Six months ended June 30, 2012
|
Social Choice Equity Fund |
Beginning account value (1/1/12) |
Ending account value (6/30/12) |
Expenses paid during period* (1/1/12–6/30/12) | |||
| Actual return | $1,000.00 | $1,062.17 | $1.13 | |||
| 5% annual hypothetical return | 1,000.00 | 1,023.77 | 1.11 |
| * | “Expenses paid during period” is based on the fund’s actual expense ratio for the most recent fiscal half-year, multiplied by the average account value over the six-month period, multiplied by 182/366. There were 182 days in the six months ended June 30, 2012. The fund’s annualized six-month expense ratio for that period was 0.22%. The expense charges of the fund may at times reflect a reimbursement. Please see the prospectus for an explanation, including the date on which this reimbursement is scheduled to end. Without such reimbursement, the expenses of the fund would be higher and its performance lower. |
For more information about this expense example, please see page 6.
| 26 2012 Semiannual Report ¡ TIAA-CREF Life Funds |
Social Choice Equity Fund
| TIAA-CREF Life Funds ¡ 2012 Semiannual Report 27 |
Performance for the six months ended June 30, 2012
The Real Estate Securities Fund returned 16.24% for the period, compared with the 14.91% return of its benchmark, the FTSE NAREIT All Equity REITs Index. For the one-year period ended June 30, 2012, the fund returned 12.85%, versus 12.48% for the index.
For the six-month period, real estate investment trusts (REITs) outpaced the broad U.S. stock market by more than five-and-a-half percentage points. The Russell 3000® Index gained 9.32%. REITs also outperformed the 2.37% return of the domestic investment-grade, fixed-rate bond market, as measured by the Barclays U.S. Aggregate Bond Index.
The FTSE NAREIT index gained 10.49% in the first quarter of 2012, when investors’ increased appetite for risk lifted prices for equity securities, including REITs. In the second quarter, the fund’s benchmark earned 4.00%, as investors grew increasingly concerned about slowing economic growth and Europe’s debt crisis.
For the five years ended June 30, 2012, the benchmark produced an average annual return of 2.60%, topping the 0.39% average annual return of the Russell 3000 Index but lagging the 6.79% average return of the Barclays aggregate index.
All property sectors post robust gains
All 13 of the benchmark’s property sectors posted vigorous gains for the six months. The largest contributions to the benchmark’s rise came from the regional mall, office and health care sectors, which returned 22.7%, 13.7% and 12.7%, respectively. These three sectors constituted almost 40% of the index’s total market capitalization at period-end. Strong results from apartments, shopping centers and diversified REITs also helped boost returns.
The fund generated a double-digit return and outperformed its benchmark index largely because of numerous successful stock choices. These included out-of-benchmark positions in KB Home and Thomas Properties Group, an office, retail and multifamily property owner. Overweight holdings in mall operator Simon Property Group and shopping center manager DDR also helped relative results.
These positive contributions were partly offset by negative effects from other holdings, such as overweights in Entertainment Properties Trust, an owner of movie theaters and retail centers, and Prologis, a distribution facilities owner. The fund’s exclusion of West Coast property developer Kilroy Realty, which returned 29.1% for the period, trimmed returns slightly as well.
| 28 2012 Semiannual Report ¡ TIAA-CREF Life Funds |
Real Estate Securities Fund
Performance as of June 30, 2012
| Total return | Average annual total return |
|||||||||||||||||||
| Inception date | 6 months | 1 year | 5 years | since inception |
||||||||||||||||
| Real Estate Securities Fund | 10/28/2002 | 16.24 | % | 12.85 | % | 2.25 | % | 11.95 | % | |||||||||||
| FTSE NAREIT |
||||||||||||||||||||
| All Equity REITs Index | — | 14.91 | 12.48 | 2.60 | 12.33 | |||||||||||||||
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 shares. For current performance information, including performance to the most recent month-end, please visit tiaa-cref.org. Performance may reflect waivers or reimbursements of certain expenses. Absent these waivers or reimbursement arrangements, performance may be lower.
You cannot invest directly in an index. Index returns do not include a deduction for fees or expenses.
Expense example
Six months ended June 30, 2012
|
Real Estate Securities Fund |
Beginning account value (1/1/12) |
Ending account value (6/30/12) |
Expenses paid during period* (1/1/12–6/30/12) | |||
| Actual return | $1,000.00 | $1,162.39 | $3.06 | |||
| 5% annual hypothetical return | 1,000.00 | 1,022.03 | 2.87 |
| * | “Expenses paid during period” is based on the fund’s actual expense ratio for the most recent fiscal half-year, multiplied by the average account value over the six-month period, multiplied by 182/366. There were 182 days in the six months ended June 30, 2012. The fund’s annualized six-month expense ratio for that period was 0.57%. The expense charges of the fund may at times reflect a reimbursement. Please see the prospectus for an explanation, including the date on which this reimbursement is scheduled to end. Without such reimbursement, the expenses of the fund would be higher and its performance lower. |
For more information about this expense example, please see page 6.
| TIAA-CREF Life Funds ¡ 2012 Semiannual Report 29 |
Real Estate Securities Fund
| 30 2012 Semiannual Report ¡ TIAA-CREF Life Funds |
Performance for the six months ended June 30, 2012
The Bond Fund returned 3.32% for the period, compared with the 2.37% return of its benchmark, the Barclays U.S. Aggregate Bond Index. For the one-year period ended June 30, 2012, the fund returned 7.09%, versus 7.47% for the index.
During the first quarter of 2012, the U.S. economy appeared to gain momentum. The Federal Reserve continued its large-scale purchases of government bonds, seeking to lower long-term interest rates, and investors were encouraged by solid growth in gross domestic product in the fourth quarter of 2011 and an uptick in job creation. At the same time, Europe seemed to be making progress in addressing its sovereign debt problems. Stocks rallied, bond prices fell, and the broad domestic investment-grade, fixed-rate bond market, as measured by the Barclays U.S. Aggregate Bond Index, returned just 0.30% for the quarter.
In April and May, however, global growth slowed, and many investors sought relative safety in fixed-income investments, particularly U.S. Treasury securities. That helped to push bond prices higher. As a result, the benchmark rose 2.06% for the second quarter.
Corporate securities benefit from investor uncertainty
In the changing market environment, the lower volatility and potentially higher yields of corporate bonds attracted some investors. The 4.7% gain of corporate securities, which represented one-fifth of the benchmark’s total market capitalization at period-end, led the returns of other major fixed-income sectors for the six-month period. The small commercial mortgage-backed sector rose 4.4%, while U.S. mortgage-backed securities, comprising nearly one-third of the benchmark, returned 1.7%.
U.S. Treasury securities, the benchmark’s largest sector, lagged with a 1.5% return for the period. The yield on 10-year Treasuries fell from 1.89% at year-end 2011 to 1.67% six months later.
With corporate bonds outpacing Treasuries for the six months, the fund’s long-standing overweight position in corporate securities helped it to surpass the benchmark for the period. This outperformance was generated in the first quarter of 2012, when overweights in investment-grade corporate bonds boosted returns. An overweight in commercial mortgage-backed securities—and successful security selections in that sector—along with a nonbenchmark investment in Canadian covered bonds, also aided results.
This outperformance was partly offset when the fund lagged the benchmark in the second quarter because of an underweight position in well-performing Treasury securities.
| TIAA-CREF Life Funds ¡ 2012 Semiannual Report 31 |
Bond Fund
Performance as of June 30, 2012
| Total return | Average annual total return |
|||||||||||||||||||
| Inception date | 6 months | 1 year | 5 years | since inception |
||||||||||||||||
| Bond Fund | 7/8/2003 | 3.32 | % | 7.09 | % | 5.81 | % | 4.67 | % | |||||||||||
| Barclays U.S. Aggregate Bond Index | — | 2.37 | 7.47 | 6.79 | 5.20 | |||||||||||||||
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 shares. For current performance information, including performance to the most recent month-end, please visit tiaa-cref.org. Performance may reflect waivers or reimbursements of certain expenses. Absent these waivers or reimbursement arrangements, performance may be lower.
You cannot invest directly in an index. Index returns do not include a deduction for fees or expenses.
Expense example
Six months ended June 30, 2012
|
Bond Fund |
Beginning account value (1/1/12) |
Ending account value (6/30/12) |
Expenses paid during period* (1/1/12–6/30/12) | |||
| Actual return | $1,000.00 | $1,033.20 | $1.77 | |||
| 5% annual hypothetical return | 1,000.00 | 1,023.12 | 1.76 |
| * | “Expenses paid during period” is based on the fund’s actual expense ratio for the most recent fiscal half-year, multiplied by the average account value over the six-month period, multiplied by 182/366. There were 182 days in the six months ended June 30, 2012. The fund’s annualized six-month expense ratio for that period was 0.35%. The expense charges of the fund may at times reflect a reimbursement. Please see the prospectus for an explanation, including the date on which this reimbursement is scheduled to end. Without such reimbursement, the expenses of the fund would be higher and its performance lower. |
For more information about this expense example, please see page 6.
| 32 2012 Semiannual Report ¡ TIAA-CREF Life Funds |
Bond Fund
| TIAA-CREF Life Funds ¡ 2012 Semiannual Report 33 |
Performance for the six months ended June 30, 2012
The Money Market Fund returned 0.01% for the period, matching the 0.01% return of the iMoneyNet Money Fund Report Averages™—All Taxable, a simple average of over 1,000 taxable money market funds. The iMoneyNet average is not an index, and its returns reflect the deduction of expenses charged by the funds included in the average.
During the first quarter of 2012, the U.S. economy appeared to gain momentum, and job creation increased. At the same time, Europe seemed to make progress in addressing its sovereign debt problems. In April and May, however, growth slowed in many nations, igniting fears of a worldwide recession.
To bolster the flagging economy, the Federal Reserve announced it would maintain its target federal funds rate (the interest rate U.S. commercial banks charge one another for overnight loans) within a range of 0% to 0.25% until late 2014. Seeking to lower long-term interest rates, the Fed extended its program of buying longer-term U.S. Treasury securities, while selling its shorter-term holdings, through 2012.
Treasury and LIBOR yields move in opposite directions
As the supply of short-term U.S. Treasury securities increased, their yields rose. The yield on three-month Treasuries went from 0.02% at year-end 2011 to 0.09% six months later.
Despite the fact that many money market funds left the European credit market, LIBOR yields fell, as banks found alternative financing through the European Central Bank. (LIBOR, an indication of the interest rates that banks expect to pay to other banks for loans on the London market, is the most widely used benchmark for short-term rates.) The yield on three-month LIBOR declined from 0.58% to 0.46%. At period-end, investigations by U.S. and British regulators called LIBOR into question as a reliable indicator of money market conditions.
In pursuit of relative value and to comply with SEC regulations, the fund maintained more than half of its portfolio in U.S. Treasury and agency securities. For additional yield, it continued to buy U.S. government floating-rate securities with two-year maturities and participated in repurchase agreements. Avoiding Europe, the fund made selective investments in top-tier Canadian and Australian banks. On June 26, 2012, the fund’s weighted average maturity was 51 days, versus 45 days for the average iMoneyNet fund.
| 34 2012 Semiannual Report ¡ TIAA-CREF Life Funds |
Money Market Fund
Net annualized yield for the 7 days ended June 26, 2012*
| Current yield | Effective yield | |||||||
| Money Market Fund | 0.04 | % | 0.04 | % | ||||
| iMoneyNet Money Fund Report Averages—All Taxable† | 0.03 | 0.03 | ||||||
The current yield more closely reflects current earnings than does the total return.
| * | iMoneyNet reports its 7-day yields as of Tuesday of each week. |
Performance as of June 30, 2012
| Total return | Average annual total return |
|||||||||||||||||||
| Inception date | 6 months | 1 year | 5 years | since inception |
||||||||||||||||
| Money Market Fund | 7/8/2003 | 0.01 | % | 0.01 | % | 1.23 | % | 2.10 | % | |||||||||||
| iMoneyNet Money Fund Report Averages—All Taxable† | — | 0.01 | 0.02 | 0.91 | 1.69 | ‡ | ||||||||||||||
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 shares. For current performance information, including performance to the most recent month-end, please visit tiaa-cref.org. Performance may reflect waivers or reimbursements of certain expenses. Absent these waivers or reimbursement arrangements, performance may be lower.
Investments in the TIAA-CREF Life Money Market Fund are neither insured nor guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. Although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund. For a detailed discussion of risk, please see the prospectus.
| † | The iMoneyNet Money Fund Report Averages–All Taxable category is a simple average of over 1,000 taxable money market funds. You cannot invest in it directly. |
| ‡ | The performance above is computed from August 2003 because the iMoneyNet return is calculated only on a monthly basis. |
| TIAA-CREF Life Funds ¡ 2012 Semiannual Report 35 |
Money Market Fund
Expense example
Six months ended June 30, 2012
| Money Market Fund | Beginning account value (1/1/12) |
Ending account value (6/30/12) |
Expenses paid during period* (1/1/12–6/30/12) | |||
| Actual return | $1,000.00 | $1,000.06 | $0.75 | |||
| 5% annual hypothetical return | 1,000.00 | 1,024.12 | 0.75 |
| * | “Expenses paid during period” is based on the fund’s actual expense ratio for the most recent fiscal half-year, multiplied by the average account value over the six-month period, multiplied by 182/366. There were 182 days in the six months ended June 30, 2012. The fund’s annualized six-month expense ratio for that period was 0.15%. The expense charges of the fund may at times reflect a reimbursement. Please see the prospectus for an explanation, including the date on which this reimbursement is scheduled to end. Without such reimbursement, the expenses of the fund would be higher and its performance lower. |
For more information about this expense example, please see page 6.
| 36 2012 Semiannual Report ¡ TIAA-CREF Life Funds |
| Summary portfolio of investments (unaudited) |
Growth Equity Fund § June 30, 2012
| Shares | Company | Value | % of net assets |
|||||||||||
| COMMON STOCKS | ||||||||||||||
| AUTOMOBILES & COMPONENTS | $ | 82,574 | 0.2 | % | ||||||||||
|
|
|
|||||||||||||
| CAPITAL GOODS | ||||||||||||||
| 13,096 | Boeing Co | 973,033 | 2.2 | |||||||||||
| 9,855 | Honeywell International, Inc | 550,303 | 1.3 | |||||||||||
| 5,493 | Precision Castparts Corp | 903,544 | 2.0 | |||||||||||
| 4,870 | Roper Industries, Inc | 480,085 | 1.1 | |||||||||||
| Other | 535,115 | 1.2 | ||||||||||||
|
|
|
|||||||||||||
| 3,442,080 | 7.8 | |||||||||||||
|
|
|
|||||||||||||
| COMMERCIAL & PROFESSIONAL SERVICES | 554,707 | 1.3 | ||||||||||||
|
|
|
|||||||||||||
| CONSUMER DURABLES & APPAREL | ||||||||||||||
| 9,309 | Nike, Inc (Class B) | 817,144 | 1.9 | |||||||||||
| 2,664 | Ralph Lauren Corp | 373,120 | 0.8 | |||||||||||
| Other | 388,563 | 0.9 | ||||||||||||
|
|
|
|||||||||||||
| 1,578,827 | 3.6 | |||||||||||||
|
|
|
|||||||||||||
| CONSUMER SERVICES | ||||||||||||||
| 20,777 | Starbucks Corp | 1,107,830 | 2.5 | |||||||||||
| 8,258 | Starwood Hotels & Resorts Worldwide, Inc | 438,004 | 1.0 | |||||||||||
| 4,191 | Wynn Resorts Ltd | 434,690 | 1.0 | |||||||||||
| 6,326 | Yum! Brands, Inc | 407,521 | 0.9 | |||||||||||
| Other | 73,974 | 0.2 | ||||||||||||
|
|
|
|||||||||||||
| 2,462,019 | 5.6 | |||||||||||||
|
|
|
|||||||||||||
| DIVERSIFIED FINANCIALS | ||||||||||||||
| 28,060 | Blackstone Group LP | 366,744 | 0.9 | |||||||||||
| 3,159 | * | IntercontinentalExchange, Inc | 429,561 | 1.0 | ||||||||||
| 11,339 | Moody’s Corp | 414,440 | 0.9 | |||||||||||
| Other | 593,666 | 1.3 | ||||||||||||
|
|
|
|||||||||||||
| 1,804,411 | 4.1 | |||||||||||||
|
|
|
|||||||||||||
| ENERGY | ||||||||||||||
| 6,859 | National Oilwell Varco, Inc | 441,994 | 1.0 | |||||||||||
| 8,409 | Schlumberger Ltd | 545,828 | 1.2 | |||||||||||
| 15,182 | Suncor Energy, Inc | 439,012 | 1.0 | |||||||||||
| Other | 204,460 | 0.5 | ||||||||||||
|
|
|
|||||||||||||
| 1,631,294 | 3.7 | |||||||||||||
|
|
|
|||||||||||||
| FOOD & STAPLES RETAILING | 215,042 | 0.5 | ||||||||||||
|
|
|
|||||||||||||
| FOOD, BEVERAGE & TOBACCO | ||||||||||||||
| 8,425 | Mead Johnson Nutrition Co | 678,297 | 1.5 | |||||||||||
| Other | 557,297 | 1.2 | ||||||||||||
|
|
|
|||||||||||||
| 1,235,594 | 2.7 | |||||||||||||
|
|
|
|||||||||||||
| HEALTH CARE EQUIPMENT & SERVICES | ||||||||||||||
| 7,011 | * | Cerner Corp | 579,529 | 1.3 | ||||||||||
| See notes to financial statements | TIAA-CREF Life Funds § 2012 Semiannual Report | 37 |
| Summary portfolio of investments (unaudited) | continued |
Growth Equity Fund § June 30, 2012
| Shares | Company | Value | % of net assets |
|||||||||||
| HEALTH CARE EQUIPMENT & SERVICES—continued | ||||||||||||||
| 1,294 | * | Intuitive Surgical, Inc | $ | 716,604 | 1.6 | % | ||||||||
| Other | 246,742 | 0.6 | ||||||||||||
|
|
|
|||||||||||||
| 1,542,875 | 3.5 | |||||||||||||
|
|
|
|||||||||||||
| HOUSEHOLD & PERSONAL PRODUCTS | ||||||||||||||
| 7,805 | Estee Lauder Cos (Class A) | 422,407 | 1.0 | |||||||||||
|
|
|
|||||||||||||
| 422,407 | 1.0 | |||||||||||||
|
|
|
|||||||||||||
| MATERIALS | ||||||||||||||
| 9,535 | Ecolab, Inc | 653,433 | 1.5 | |||||||||||
| 15,232 | Monsanto Co | 1,260,905 | 2.8 | |||||||||||
| Other | 137,645 | 0.3 | ||||||||||||
|
|
|
|||||||||||||
| 2,051,983 | 4.6 | |||||||||||||
|
|
|
|||||||||||||
| MEDIA | ||||||||||||||
| 15,348 | Comcast Corp (Class A) | 490,676 | 1.1 | |||||||||||
| 9,211 | * | DIRECTV | 449,681 | 1.0 | ||||||||||
| 6,179 | Scripps Networks Interactive (Class A) | 351,338 | 0.8 | |||||||||||
| 20,785 | Walt Disney Co | 1,008,072 | 2.3 | |||||||||||
| Other | 232,038 | 0.5 | ||||||||||||
|
|
|
|||||||||||||
| 2,531,805 | 5.7 | |||||||||||||
|
|
|
|||||||||||||
| PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | ||||||||||||||
| 6,167 | Abbott Laboratories | 397,586 | 0.9 | |||||||||||
| 7,625 | * | Alexion Pharmaceuticals, Inc | 757,163 | 1.7 | ||||||||||
| 7,143 | Allergan, Inc | 661,228 | 1.5 | |||||||||||
| 4,514 | * | Biogen Idec, Inc | 651,731 | 1.5 | ||||||||||
| 6,590 | Johnson & Johnson | 445,220 | 1.0 | |||||||||||
| 3,771 | Novo Nordisk AS (Class B) | 546,934 | 1.2 | |||||||||||
| Other | 1,229,637 | 2.8 | ||||||||||||
|
|
|
|||||||||||||
| 4,689,499 | 10.6 | |||||||||||||
|
|
|
|||||||||||||
| REAL ESTATE | 327,109 | 0.7 | ||||||||||||
|
|
|
|||||||||||||
| RETAILING | ||||||||||||||
| 7,606 | * | Amazon.com, Inc | 1,736,830 | 3.9 | ||||||||||
| Other | 71,280 | 0.2 | ||||||||||||
|
|
|
|||||||||||||
| 1,808,110 | 4.1 | |||||||||||||
|
|
|
|||||||||||||
| SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | 491,233 | 1.1 | ||||||||||||
|
|
|
|||||||||||||
| SOFTWARE & SERVICES | ||||||||||||||
| 19,077 | * | Adobe Systems, Inc | 617,522 | 1.4 | ||||||||||
| 20,264 | * | eBay, Inc | 851,290 | 1.9 | ||||||||||
| 8,403 | * | Gartner, Inc | 361,749 | 0.8 | ||||||||||
| 2,312 | * | Google, Inc (Class A) | 1,341,122 | 3.0 | ||||||||||
| 28,350 | Intuit, Inc | 1,682,573 | 3.8 | |||||||||||
| 2,232 | Mastercard, Inc (Class A) | 960,006 | 2.2 | |||||||||||
| 38 | 2012 Semiannual Report § TIAA-CREF Life Funds | See notes to financial statements |
| Summary portfolio of investments (unaudited) | concluded |
Growth Equity Fund § June 30, 2012
| Shares | Company | Value | % of net assets |
|||||||||||
| SOFTWARE & SERVICES—continued | ||||||||||||||
| 43,308 | Microsoft Corp | $ | 1,324,792 | 3.0 | % | |||||||||
| 18,410 | * | Nuance Communications, Inc | 438,526 | 1.0 | ||||||||||
| 12,192 | * | Red Hat, Inc | 688,604 | 1.6 | ||||||||||
| 4,021 | * | Salesforce.com, Inc | 555,943 | 1.2 | ||||||||||
| 8,762 | Visa, Inc (Class A) | 1,083,246 | 2.4 | |||||||||||
| Other | 1,383,248 | 3.2 | ||||||||||||
|
|
|
|||||||||||||
| 11,288,621 | 25.5 | |||||||||||||
|
|
|
|||||||||||||
| TECHNOLOGY HARDWARE & EQUIPMENT | ||||||||||||||
| 5,667 | * | Apple, Inc | 3,309,528 | 7.5 | ||||||||||
| 34,225 | Cisco Systems, Inc | 587,643 | 1.3 | |||||||||||
| 34,831 | * | EMC Corp | 892,719 | 2.0 | ||||||||||
| 7,785 | Qualcomm, Inc | 433,469 | 1.0 | |||||||||||
|
|
|
|||||||||||||
| 5,223,359 | 11.8 | |||||||||||||
|
|
|
|||||||||||||
| TELECOMMUNICATION SERVICES | 306,058 | 0.7 | ||||||||||||
|
|
|
|||||||||||||
| TRANSPORTATION | ||||||||||||||
| 4,957 | FedEx Corp | 454,111 | 1.0 | |||||||||||
|
|
|
|||||||||||||
| 454,111 | 1.0 | |||||||||||||
|
|
|
|||||||||||||
| TOTAL COMMON STOCKS | (Cost $39,804,792) | 44,143,718 | 99.8 | |||||||||||
|
|
|
|||||||||||||
| SHORT-TERM INVESTMENTS | ||||||||||||||
| INVESTMENTS IN REGISTERED INVESTMENT COMPANIES | ||||||||||||||
| 429,488 | c | TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust | 429,488 | 1.0 | ||||||||||
|
|
|
|||||||||||||
| 429,488 | 1.0 | |||||||||||||
|
|
|
|||||||||||||
| TOTAL SHORT-TERM INVESTMENTS | (Cost $429,488) | 429,488 | 1.0 | |||||||||||
|
|
|
|||||||||||||
| TOTAL PORTFOLIO | (Cost $40,234,280) | 44,573,206 | 100.8 | |||||||||||
| OTHER ASSETS & LIABILITIES, NET | (371,318 | ) | (0.8 | ) | ||||||||||
|
|
|
|||||||||||||
| NET ASSETS | $ | 44,201,888 | 100.0 | % | ||||||||||
|
|
|
|||||||||||||
| * | Non-income producing. |
| c | Investments made with cash collateral received from securities on loan. |
The aggregate value of securities on loan is $425,550.
“Other” securities represent the aggregate value, by category, of securities that are not among the 50 largest holdings and, in total for any issuer, represent 1% or less of net assets.
For ease of presentation, a number of classification categories have been grouped together in the Summary Portfolio of Investments. Note that the Fund uses more specific categories in following its investment limitations on investment concentrations.
| See notes to financial statements | TIAA-CREF Life Funds § 2012 Semiannual Report | 39 |
| Summary portfolio of investments (unaudited) |
Growth & Income Fund § June 30, 2012
| Shares | Company | Value | % of net assets |
|||||||||||
| COMMON STOCKS | ||||||||||||||
| BANKS | ||||||||||||||
| 27,735 | US Bancorp | $ | 891,958 | 1.0 | % | |||||||||
| 54,330 | Wells Fargo & Co | 1,816,795 | 2.1 | |||||||||||
| Other | 888,994 | 1.1 | ||||||||||||
|
|
|
|||||||||||||
| 3,597,747 | 4.2 | |||||||||||||
|
|
|
|||||||||||||
| CAPITAL GOODS | ||||||||||||||
| 58,636 | General Electric Co | 1,221,974 | 1.4 | |||||||||||
| 18,268 | Honeywell International, Inc | 1,020,085 | 1.2 | |||||||||||
| 3,512 | Precision Castparts Corp | 577,689 | 0.7 | |||||||||||
| 5,797 | Roper Industries, Inc | 571,468 | 0.7 | |||||||||||
| Other | 2,709,198 | 3.1 | ||||||||||||
|
|
|
|||||||||||||
| 6,100,414 | 7.1 | |||||||||||||
|
|
|
|||||||||||||
| CONSUMER DURABLES & APPAREL | 1,366,700 | 1.6 | ||||||||||||
|
|
|
|||||||||||||
| CONSUMER SERVICES | ||||||||||||||
| 10,530 | Starbucks Corp | 561,460 | 0.6 | |||||||||||
| Other | 1,552,276 | 1.8 | ||||||||||||
|
|
|
|||||||||||||
| 2,113,736 | 2.4 | |||||||||||||
|
|
|
|||||||||||||
| DIVERSIFIED FINANCIALS | ||||||||||||||
| 10,101 | American Express Co | 587,980 | 0.7 | |||||||||||
| 22,140 | Discover Financial Services | 765,601 | 0.9 | |||||||||||
| 16,460 | JPMorgan Chase & Co | 588,116 | 0.7 | |||||||||||
| Other | 2,444,551 | 2.7 | ||||||||||||
|
|
|
|||||||||||||
| 4,386,248 | 5.0 | |||||||||||||
|
|
|
|||||||||||||
| ENERGY | ||||||||||||||
| 11,280 | Anadarko Petroleum Corp | 746,736 | 0.8 | |||||||||||
| 16,344 | Chevron Corp | 1,724,292 | 2.0 | |||||||||||
| 29,914 | Exxon Mobil Corp | 2,559,741 | 3.0 | |||||||||||
| 10,940 | Occidental Petroleum Corp | 938,324 | 1.1 | |||||||||||
| 8,299 | Schlumberger Ltd | 538,688 | 0.6 | |||||||||||
| Other | 1,802,695 | 2.1 | ||||||||||||
|
|
|
|||||||||||||
| 8,310,476 | 9.6 | |||||||||||||
|
|
|
|||||||||||||
| FOOD & STAPLES RETAILING | ||||||||||||||
| 11,276 | Wal-Mart Stores, Inc | 786,163 | 0.9 | |||||||||||
| Other | 301,497 | 0.4 | ||||||||||||
|
|
|
|||||||||||||
| 1,087,660 | 1.3 | |||||||||||||
|
|
|
|||||||||||||
| FOOD, BEVERAGE & TOBACCO | ||||||||||||||
| 20,715 | Coca-Cola Co | 1,619,706 | 1.9 | |||||||||||
| 11,226 | Hershey Co | 808,609 | 1.0 | |||||||||||
| 9,455 | PepsiCo, Inc | 668,090 | 0.8 | |||||||||||
| 20,736 | Philip Morris International, Inc | 1,809,423 | 2.1 | |||||||||||
| Other | 3,078,450 | 3.5 | ||||||||||||
|
|
|
|||||||||||||
| 7,984,278 | 9.3 | |||||||||||||
|
|
|
|||||||||||||
| 40 | 2012 Semiannual Report § TIAA-CREF Life Funds | See notes to financial statements |
| Summary portfolio of investments (unaudited) | continued |
Growth & Income Fund § June 30, 2012
| Shares | Company | Value | % of net assets |
|||||||||||
| HEALTH CARE EQUIPMENT & SERVICES | ||||||||||||||
| 16,091 | Cardinal Health, Inc | $ | 675,822 | 0.8 | % | |||||||||
| 11,475 | * | Express Scripts Holding Co | 640,649 | 0.7 | ||||||||||
| Other | 720,370 | 0.8 | ||||||||||||
|
|
|
|||||||||||||
| 2,036,841 | 2.3 | |||||||||||||
|
|
|
|||||||||||||
| HOUSEHOLD & PERSONAL PRODUCTS | ||||||||||||||
| 9,772 | Procter & Gamble Co | 598,535 | 0.7 | |||||||||||
| Other | 936,500 | 1.1 | ||||||||||||
|
|
|
|||||||||||||
| 1,535,035 | 1.8 | |||||||||||||
|
|
|
|||||||||||||
| INSURANCE | ||||||||||||||
| 12,327 | ACE Ltd | 913,801 | 1.1 | |||||||||||
| 8,625 | Travelers Cos, Inc | 550,620 | 0.6 | |||||||||||
| Other | 1,285,203 | 1.5 | ||||||||||||
|
|
|
|||||||||||||
| 2,749,624 | 3.2 | |||||||||||||
|
|
|
|||||||||||||
| MATERIALS | ||||||||||||||
| 11,011 | Monsanto Co | 911,490 | 1.1 | |||||||||||
| Other | 1,701,526 | 1.9 | ||||||||||||
|
|
|
|||||||||||||
| 2,613,016 | 3.0 | |||||||||||||
|
|
|
|||||||||||||
| MEDIA | ||||||||||||||
| 29,526 | Comcast Corp (Class A) | 943,946 | 1.1 | |||||||||||
| 15,995 | Walt Disney Co | 775,758 | 0.9 | |||||||||||
| Other | 1,528,565 | 1.8 | ||||||||||||
|
|
|
|||||||||||||
| 3,248,269 | 3.8 | |||||||||||||
|
|
|
|||||||||||||
| PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | ||||||||||||||
| 16,993 | Abbott Laboratories | 1,095,539 | 1.3 | |||||||||||
| 6,395 | Allergan, Inc | 591,985 | 0.7 | |||||||||||
| 4,518 | * | Biogen Idec, Inc | 652,309 | 0.8 | ||||||||||
| 17,675 | * | Gilead Sciences, Inc | 906,374 | 1.0 | ||||||||||
| 19,273 | Johnson & Johnson | 1,302,084 | 1.5 | |||||||||||
| 86,725 | Pfizer, Inc | 1,994,675 | 2.3 | |||||||||||
| Other | 3,246,513 | 3.8 | ||||||||||||
|
|
|
|||||||||||||
| 9,789,479 | 11.4 | |||||||||||||
|
|
|
|||||||||||||
| REAL ESTATE | ||||||||||||||
| 10,759 | American Tower Corp | 752,162 | 0.9 | |||||||||||
| Other | 882,508 | 1.0 | ||||||||||||
|
|
|
|||||||||||||
| 1,634,670 | 1.9 | |||||||||||||
|
|
|
|||||||||||||
| RETAILING | ||||||||||||||
| 21,814 | Home Depot, Inc | 1,155,924 | 1.3 | |||||||||||
| 17,537 | TJX Companies, Inc | 752,863 | 0.9 | |||||||||||
| Other | 2,302,759 | 2.7 | ||||||||||||
|
|
|
|||||||||||||
| 4,211,546 | 4.9 | |||||||||||||
|
|
|
|||||||||||||
| See notes to financial statements | TIAA-CREF Life Funds § 2012 Semiannual Report | 41 |
| Summary portfolio of investments (unaudited) | continued |
Growth & Income Fund § June 30, 2012
| Shares | Company | Value | % of net assets |
|||||||||||
| SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | ||||||||||||||
| 30,266 | Intel Corp | $ | 806,589 | 0.9 | % | |||||||||
| Other | 880,809 | 1.1 | ||||||||||||
|
|
|
|||||||||||||
| 1,687,398 | 2.0 | |||||||||||||
|
|
|
|||||||||||||
| SOFTWARE & SERVICES | ||||||||||||||
| 17,916 | * | eBay, Inc | 752,651 | 0.9 | ||||||||||
| 1,323 | *,d | Google, Inc (Class A) | 767,433 | 0.9 | ||||||||||
| 4,237 | International Business Machines Corp | 828,673 | 1.0 | |||||||||||
| 49,483 | Microsoft Corp | 1,513,685 | 1.8 | |||||||||||
| 39,065 | Oracle Corp | 1,160,231 | 1.3 | |||||||||||
| Other | 2,407,103 | 2.7 | ||||||||||||
|
|
|
|||||||||||||
| 7,429,776 | 8.6 | |||||||||||||
|
|
|
|||||||||||||
| TECHNOLOGY HARDWARE & EQUIPMENT | ||||||||||||||
| 7,317 | * | Apple, Inc | 4,273,128 | 5.0 | ||||||||||
| 51,463 | Cisco Systems, Inc | 883,620 | 1.0 | |||||||||||
| 16,279 | Qualcomm, Inc | 906,415 | 1.1 | |||||||||||
| Other | 1,449,049 | 1.6 | ||||||||||||
|
|
|
|||||||||||||
| 7,512,212 | 8.7 | |||||||||||||
|
|
|
|||||||||||||
| TELECOMMUNICATION SERVICES | ||||||||||||||
| 41,118 | AT&T, Inc | 1,466,268 | 1.7 | |||||||||||
| Other | 135,126 | 0.2 | ||||||||||||
|
|
|
|||||||||||||
| 1,601,394 | 1.9 | |||||||||||||
|
|
|
|||||||||||||
| TRANSPORTATION | ||||||||||||||
| 6,840 | United Parcel Service, Inc (Class B) | 538,718 | 0.6 | |||||||||||
| Other | 886,271 | 1.0 | ||||||||||||
|
|
|
|||||||||||||
| 1,424,989 | 1.6 | |||||||||||||
|
|
|
|||||||||||||
| UTILITIES | ||||||||||||||
| 13,797 | Edison International | 637,421 | 0.7 | |||||||||||
| Other | 1,626,726 | 1.9 | ||||||||||||
|
|
|
|||||||||||||
| 2,264,147 | 2.6 | |||||||||||||
|
|
|
|||||||||||||
| TOTAL COMMON STOCKS | (Cost $76,144,451) | 84,685,655 | 98.2 | |||||||||||
|
|
|
|||||||||||||
| 42 | 2012 Semiannual Report § TIAA-CREF Life Funds | See notes to financial statements |
| Summary portfolio of investments (unaudited) | concluded |
Growth & Income Fund § June 30, 2012
| Principal | Issuer | Value | % of net assets |
|||||||||||
| SHORT-TERM INVESTMENTS | ||||||||||||||
| GOVERNMENT AGENCY DEBT | ||||||||||||||
| $1,200,000 | Federal Home Loan Bank (FHLB) | 0.001%, 07/02/12 | $ | 1,200,000 | 1.4 | % | ||||||||
|
|
|
|||||||||||||
| 1,200,000 | 1.4 | |||||||||||||
|
|
|
|||||||||||||
| Shares |
Company |
|||||||||||||
| INVESTMENTS IN REGISTERED INVESTMENT COMPANIES | ||||||||||||||
| 293,603 | c | TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust | 293,602 | 0.3 | ||||||||||
|
|
|
|||||||||||||
| 293,602 | 0.3 | |||||||||||||
|
|
|
|||||||||||||
| TOTAL SHORT-TERM INVESTMENTS | (Cost $1,493,603) | 1,493,602 | 1.7 | |||||||||||
|
|
|
|||||||||||||
| TOTAL PORTFOLIO | (Cost $77,638,054) | 86,179,257 | 99.9 | |||||||||||
| OTHER ASSETS & LIABILITIES, NET | 58,261 | 0.1 | ||||||||||||
|
|
|
|||||||||||||
| NET ASSETS | $ | 86,237,518 | 100.0 | % | ||||||||||
|
|
|
|||||||||||||
| * | Non-income producing. |
| c | Investments made with cash collateral received from securities on loan. |
| d | All or a portion to these securities have been segregated by the custodian to cover requirements on open written options contracts. |
The aggregate value of securities on loan is $298,867.
“Other” securities represent the aggregate value, by category, of securities that are not among the 50 largest holdings and, in total for any issuer, represent 1% or less of net assets.
For ease of presentation, a number of classification categories have been grouped together in the Summary Portfolio of Investments. Note that the Fund uses more specific categories in following its investment limitations on investment concentrations.
| See notes to financial statements | TIAA-CREF Life Funds § 2012 Semiannual Report | 43 |
| Summary portfolio of investments (unaudited) |
International Equity Fund § June 30, 2012
| Shares | Company | Value | % of net assets |
|||||||||||
| COMMON STOCKS | ||||||||||||||
| BELGIUM | ||||||||||||||
| 27,309 | UCB S.A. | $ | 1,379,524 | 1.5 | % | |||||||||
|
|
|
|||||||||||||
| 1,379,524 | 1.5 | |||||||||||||
|
|
|
|||||||||||||
| FRANCE | ||||||||||||||
| 60,136 | BNP Paribas | 2,318,524 | 2.7 | |||||||||||
| 15,233 | Compagnie Generale d’Optique Essilor International S.A. | 1,415,141 | 1.6 | |||||||||||
| 43,285 | e | Lafarge S.A. | 1,933,029 | 2.3 | ||||||||||
| 4,063 | Technip S.A. | 423,429 | 0.5 | |||||||||||
| Other | 305,889 | 0.4 | ||||||||||||
|
|
|
|||||||||||||
| 6,396,012 | 7.5 | |||||||||||||
|
|
|
|||||||||||||
| GERMANY | ||||||||||||||
| 87,623 | Bayer AG. | 6,314,048 | 7.3 | |||||||||||
| 15,973 | Beiersdorf AG. | 1,035,490 | 1.2 | |||||||||||
| 51,789 | Henkel KGaA (Preference) | 3,441,160 | 4.0 | |||||||||||
| 55,537 | Lanxess AG. | 3,514,631 | 4.0 | |||||||||||
| 14,247 | Merck KGaA | 1,422,796 | 1.6 | |||||||||||
| 17,053 | Rheinmetall AG. | 838,276 | 1.0 | |||||||||||
|
|
|
|||||||||||||
| 16,566,401 | 19.1 | |||||||||||||
|
|
|
|||||||||||||
| HONG KONG | ||||||||||||||
| 1,484,000 | Li & Fung Ltd | 2,873,395 | 3.3 | |||||||||||
| Other | 148,233 | 0.2 | ||||||||||||
|
|
|
|||||||||||||
| 3,021,628 | 3.5 | |||||||||||||
|
|
|
|||||||||||||
| INDIA | ||||||||||||||
| 214,478 | DLF Ltd | 770,856 | 0.9 | |||||||||||
| 242,153 | HDFC Bank Ltd | 2,466,404 | 2.9 | |||||||||||
| Other | 350,795 | 0.4 | ||||||||||||
|
|
|
|||||||||||||
| 3,588,055 | 4.2 | |||||||||||||
|
|
|
|||||||||||||
| ITALY | 190,340 | 0.2 | ||||||||||||
|
|
|
|||||||||||||
| JAPAN | ||||||||||||||
| 44,100 | Asics Corp | 559,435 | 0.7 | |||||||||||
| 15,770 | e | Canon, Inc | 629,389 | 0.7 | ||||||||||
| 15,800 | Daikin Industries Ltd | 444,965 | 0.5 | |||||||||||
| 14,822 | Denso Corp | 506,482 | 0.6 | |||||||||||
| 3,200 | Fast Retailing Co Ltd | 640,293 | 0.8 | |||||||||||
| 265,000 | Hitachi Ltd | 1,633,948 | 1.9 | |||||||||||
| 16,700 | e | Konami Corp | 378,402 | 0.4 | ||||||||||
| 23,500 | Sanrio Co Ltd | 856,769 | 1.0 | |||||||||||
| 35,850 | Shin-Etsu Chemical Co Ltd | 1,974,188 | 2.3 | |||||||||||
| 317,500 | e | Teijin Ltd | 966,520 | 1.1 | ||||||||||
| 27,800 | Toyota Motor Corp | 1,122,069 | 1.3 | |||||||||||
| Other | 1,593,953 | 1.8 | ||||||||||||
|
|
|
|||||||||||||
| 11,306,413 | 13.1 | |||||||||||||
|
|
|
|||||||||||||
| 44 | 2012 Semiannual Report § TIAA-CREF Life Funds | See notes to financial statements |
| Summary portfolio of investments (unaudited) | continued |
International Equity Fund § June 30, 2012
| Shares | Company | Value | % of net assets |
|||||||||||
| NETHERLANDS | $ | 27,662 | 0.1 | % | ||||||||||
|
|
|
|||||||||||||
| SWEDEN | ||||||||||||||
| 50,064 | Assa Abloy AB (Class B) | 1,398,089 | 1.6 | |||||||||||
| 120,048 | SKF AB (B Shares) | 2,366,384 | 2.7 | |||||||||||
|
|
|
|||||||||||||
| 3,764,473 | 4.3 | |||||||||||||
|
|
|
|||||||||||||
| SWITZERLAND | ||||||||||||||
| 64,899 | e | Adecco S.A. | 2,886,044 | 3.3 | ||||||||||
| 3,880 | Burckhardt Compression Holding AG. | 996,596 | 1.2 | |||||||||||
| 238,108 | * | Clariant AG. | 2,353,073 | 2.7 | ||||||||||
| 592 | Givaudan S.A. | 581,027 | 0.7 | |||||||||||
| 34,824 | Holcim Ltd | 1,929,439 | 2.2 | |||||||||||
| 12,985 | Swatch Group AG. Reg | 903,385 | 1.0 | |||||||||||
| 15,166 | Tecan Group AG. | 1,046,592 | 1.2 | |||||||||||
| 113,088 | * | UBS AG. (Switzerland) | 1,323,375 | 1.5 | ||||||||||
| Other | 299,097 | 0.4 | ||||||||||||
|
|
|
|||||||||||||
| 12,318,628 | 14.2 | |||||||||||||
|
|
|
|||||||||||||
| TAIWAN | 100,912 | 0.1 | ||||||||||||
|
|
|
|||||||||||||
| UNITED KINGDOM | ||||||||||||||
| 487,364 | Barclays plc | 1,245,337 | 1.4 | |||||||||||
| 144,793 | British Sky Broadcasting plc | 1,578,518 | 1.8 | |||||||||||
| 125,786 | Carnival plc | 4,300,687 | 4.9 | |||||||||||
| 105,429 | Compass Group plc | 1,106,691 | 1.3 | |||||||||||
| 290,332 | Filtrona plc | 2,177,757 | 2.5 | |||||||||||
| 30,775 | Imperial Tobacco Group plc | 1,185,707 | 1.4 | |||||||||||
| 1,509,576 | Man Group plc | 1,806,312 | 2.1 | |||||||||||
| 34,229 | Petrofac Ltd | 747,127 | 0.9 | |||||||||||
| 64,246 | Reckitt Benckiser Group plc | 3,395,850 | 3.9 | |||||||||||
| 229,930 | Reed Elsevier plc | 1,842,923 | 2.2 | |||||||||||
| 106,113 | Smiths Group plc | 1,685,219 | 1.9 | |||||||||||
| 212,305 | Tate & Lyle plc | 2,156,154 | 2.5 | |||||||||||
| 76,031 | Tullow Oil plc | 1,757,272 | 2.0 | |||||||||||
| 90,998 | Wolseley plc | 3,391,739 | 3.9 | |||||||||||
| Other | 360,092 | 0.4 | ||||||||||||
|
|
|
|||||||||||||
| 28,737,385 | 33.1 | |||||||||||||
|
|
|
|||||||||||||
| TOTAL COMMON STOCKS | (Cost $96,398,583) | 87,397,433 | 100.9 | |||||||||||
|
|
|
|||||||||||||
| See notes to financial statements | TIAA-CREF Life Funds § 2012 Semiannual Report | 45 |
| Summary portfolio of investments (unaudited) | concluded |
International Equity Fund § June 30, 2012
| Shares | Company | Value | % of net assets |
|||||||||||
| SHORT-TERM INVESTMENTS | ||||||||||||||
| INVESTMENTS IN REGISTERED INVESTMENT COMPANIES | ||||||||||||||
| 5,333,952 | c | TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust | $ | 5,333,952 | 6.2 | % | ||||||||
|
|
|
|||||||||||||
| 5,333,952 | 6.2 | |||||||||||||
|
|
|
|||||||||||||
| TOTAL SHORT-TERM INVESTMENTS | (Cost $5,333,952) | 5,333,952 | 6.2 | |||||||||||
|
|
|
|||||||||||||
| TOTAL PORTFOLIO | (Cost $101,732,535) | 92,731,385 | 107.1 | |||||||||||
| OTHER ASSETS & LIABILITIES, NET | (6,153,139 | ) | (7.1 | ) | ||||||||||
|
|
|
|||||||||||||
| NET ASSETS | $ | 86,578,246 | 100.0 | % | ||||||||||
|
|
|
|||||||||||||
| * | Non-income producing. |
| c | Investments made with cash collateral received from securities on loan. |
| e | All or a portion of these securities are out on loan. The aggregate value of securities on loan is $5,243,370. |
“Other” securities represent the aggregate value, by category, of securities that are not among the 50 largest holdings and, in total for any issuer, represent 1% or less of net assets.
For ease of presentation, a number of classification categories have been grouped together in the Summary Portfolio of Investments. Note that the Fund uses more specific categories in following its investment limitations on investment concentrations.
| 46 | 2012 Semiannual Report § TIAA-CREF Life Funds | See notes to financial statements |
| Summary of market values by sector (unaudited) |
International Equity Fund § June 30, 2012
| Sector | Value | % of net assets |
||||||
| CONSUMER DISCRETIONARY | $ | 16,569,840 | 19.0 | % | ||||
| MATERIALS | 15,497,859 | 17.9 | ||||||
| INDUSTRIALS | 15,273,458 | 17.6 | ||||||
| CONSUMER STAPLES | 11,860,301 | 13.7 | ||||||
| HEALTH CARE | 11,578,100 | 13.4 | ||||||
| FINANCIALS | 10,369,301 | 12.0 | ||||||
| ENERGY | 3,505,923 | 4.1 | ||||||
| INFORMATION TECHNOLOGY | 2,742,651 | 3.2 | ||||||
| SHORT-TERM INVESTMENTS | 5,333,952 | 6.2 | ||||||
| OTHER ASSETS & LIABILITIES, NET | (6,153,139 | ) | (7.1 | ) | ||||
|
|
|
|||||||
| NET ASSETS |
$ | 86,578,246 | 100.0 | % | ||||
|
|
|
|||||||
| See notes to financial statements | TIAA-CREF Life Funds § 2012 Semiannual Report | 47 |
| Summary portfolio of investments (unaudited) |
Large-Cap Value Fund § June 30, 2012
| Shares | Company | Value | % of net assets |
|||||||||||
| COMMON STOCKS | ||||||||||||||
| AUTOMOBILES & COMPONENTS | $ | 274,231 | 0.4 | % | ||||||||||
|
|
|
|||||||||||||
| BANKS | ||||||||||||||
| 20,981 | US Bancorp | 674,749 | 1.0 | |||||||||||
| 50,275 | Wells Fargo & Co | 1,681,196 | 2.6 | |||||||||||
| Other | 1,540,456 | 2.4 | ||||||||||||
|
|
|
|||||||||||||
| 3,896,401 | 6.0 | |||||||||||||
|
|
|
|||||||||||||
| CAPITAL GOODS | ||||||||||||||
| 8,084 | Boeing Co | 600,641 | 0.9 | |||||||||||
| 102,492 | General Electric Co | 2,135,933 | 3.3 | |||||||||||
| 7,092 | Honeywell International, Inc | 396,017 | 0.6 | |||||||||||
| 12,401 | Tyco International Ltd | 655,393 | 1.0 | |||||||||||
| Other | 2,127,813 | 3.3 | ||||||||||||
|
|
|
|||||||||||||
| 5,915,797 | 9.1 | |||||||||||||
|
|
|
|||||||||||||
| CONSUMER DURABLES & APPAREL | ||||||||||||||
| 37,297 | * | Pulte Homes, Inc | 399,078 | 0.6 | ||||||||||
| Other | 355,531 | 0.6 | ||||||||||||
|
|
|
|||||||||||||
| 754,609 | 1.2 | |||||||||||||
|
|
|
|||||||||||||
| CONSUMER SERVICES | ||||||||||||||
| 13,888 | Carnival Corp | 475,942 | 0.7 | |||||||||||
| Other | 586,925 | 0.9 | ||||||||||||
|
|
|
|||||||||||||
| 1,062,867 | 1.6 | |||||||||||||
|
|
|
|||||||||||||
| DIVERSIFIED FINANCIALS | ||||||||||||||
| 86,219 | Bank of America Corp | 705,271 | 1.1 | |||||||||||
| 7,210 | Capital One Financial Corp | 394,099 | 0.6 | |||||||||||
| 37,346 | Citigroup, Inc | 1,023,654 | 1.6 | |||||||||||
| 14,890 | Discover Financial Services | 514,896 | 0.8 | |||||||||||
| 16,872 | JPMorgan Chase & Co | 602,837 | 0.9 | |||||||||||
| 42,415 | Morgan Stanley | 618,835 | 0.9 | |||||||||||
| 9,621 | State Street Corp | 429,481 | 0.7 | |||||||||||
| Other | 1,040,389 | 1.6 | ||||||||||||
|
|
|
|||||||||||||
| 5,329,462 | 8.2 | |||||||||||||
|
|
|
|||||||||||||
| ENERGY | ||||||||||||||
| 16,572 | Chevron Corp | 1,748,346 | 2.7 | |||||||||||
| 36,638 | Exxon Mobil Corp | 3,135,114 | 4.8 | |||||||||||
| 15,628 | Occidental Petroleum Corp | 1,340,414 | 2.1 | |||||||||||
| 13,142 | * | Southwestern Energy Co | 419,624 | 0.6 | ||||||||||
| 40,942 | * | Weatherford International Ltd | 517,097 | 0.8 | ||||||||||
| Other | 3,415,969 | 5.2 | ||||||||||||
|
|
|
|||||||||||||
| 10,576,564 | 16.2 | |||||||||||||
|
|
|
|||||||||||||
| FOOD & STAPLES RETAILING | 284,446 | 0.4 | ||||||||||||
|
|
|
|||||||||||||
| 48 | 2012 Semiannual Report § TIAA-CREF Life Funds | See notes to financial statements |
| Summary portfolio of investments (unaudited) | continued |
Large-Cap Value Fund § June 30, 2012
| Shares | Company | Value | % of net assets |
|||||||||||
| FOOD, BEVERAGE & TOBACCO | ||||||||||||||
| 12,643 | Altria Group, Inc | $ | 436,816 | 0.7 | % | |||||||||
| 11,710 | e | Consumer Staples Select Sector SPDR Fund | 407,156 | 0.6 | ||||||||||
| 16,556 | Kraft Foods, Inc (Class A) | 639,393 | 1.0 | |||||||||||
| 5,645 | PepsiCo, Inc | 398,876 | 0.6 | |||||||||||
| Other | 1,215,891 | 1.8 | ||||||||||||
|
|
|
|||||||||||||
| 3,098,132 | 4.7 | |||||||||||||
|
|
|
|||||||||||||
| HEALTH CARE EQUIPMENT & SERVICES | ||||||||||||||
| 14,141 | Cardinal Health, Inc | 593,922 | 0.9 | |||||||||||
| 13,837 | UnitedHealth Group, Inc | 809,465 | 1.2 | |||||||||||
| Other | 655,904 | 1.1 | ||||||||||||
|
|
|
|||||||||||||
| 2,059,291 | 3.2 | |||||||||||||
|
|
|
|||||||||||||
| HOUSEHOLD & PERSONAL PRODUCTS | ||||||||||||||
| 23,895 | Procter & Gamble Co | 1,463,569 | 2.3 | |||||||||||
| Other | 81,764 | 0.1 | ||||||||||||
|
|
|
|||||||||||||
| 1,545,333 | 2.4 | |||||||||||||
|
|
|
|||||||||||||
| INSURANCE | ||||||||||||||
| 6,935 | ACE Ltd | 514,092 | 0.8 | |||||||||||
| 12,257 | Marsh & McLennan Cos, Inc | 395,043 | 0.6 | |||||||||||
| 12,493 | Metlife, Inc | 385,409 | 0.6 | |||||||||||
| 15,177 | Principal Financial Group | 398,093 | 0.6 | |||||||||||
| 8,457 | Prudential Financial, Inc | 409,573 | 0.6 | |||||||||||
| 7,362 | Travelers Cos, Inc | 469,990 | 0.7 | |||||||||||
| Other | 1,806,704 | 2.8 | ||||||||||||
|
|
|
|||||||||||||
| 4,378,904 | 6.7 | |||||||||||||
|
|
|
|||||||||||||
| MATERIALS | 1,333,668 | 2.1 | ||||||||||||
|
|
|
|||||||||||||
| MEDIA | ||||||||||||||
| 16,399 | Comcast Corp (Class A) | 524,276 | 0.8 | |||||||||||
| 14,376 | Walt Disney Co | 697,236 | 1.1 | |||||||||||
| Other | 877,023 | 1.3 | ||||||||||||
|
|
|
|||||||||||||
| 2,098,535 | 3.2 | |||||||||||||
|
|
|
|||||||||||||
| PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | ||||||||||||||
| 19,624 | Johnson & Johnson | 1,325,798 | 2.0 | |||||||||||
| 25,427 | Merck & Co, Inc | 1,061,577 | 1.6 | |||||||||||
| 83,407 | Pfizer, Inc | 1,918,361 | 3.0 | |||||||||||
| 21,702 | Teva Pharmaceutical Industries Ltd (ADR) | 855,927 | 1.3 | |||||||||||
| Other | 1,060,691 | 1.6 | ||||||||||||
|
|
|
|||||||||||||
| 6,222,354 | 9.5 | |||||||||||||
|
|
|
|||||||||||||
| REAL ESTATE | ||||||||||||||
| 27,176 | Weyerhaeuser Co | 607,655 | 0.9 | |||||||||||
| Other | 1,455,589 | 2.3 | ||||||||||||
|
|
|
|||||||||||||
| 2,063,244 | 3.2 | |||||||||||||
|
|
|
|||||||||||||
| See notes to financial statements | TIAA-CREF Life Funds § 2012 Semiannual Report | 49 |
| Summary portfolio of investments (unaudited) | continued |
Large-Cap Value Fund § June 30, 2012
| Shares | Company | Value | % of net assets |
|||||||||||
| RETAILING | ||||||||||||||
| 20,742 | e | JC Penney Co, Inc | $ | 483,496 | 0.7 | % | ||||||||
| Other | 1,189,577 | 1.8 | ||||||||||||
|
|
|
|||||||||||||
| 1,673,073 | 2.5 | |||||||||||||
|
|
|
|||||||||||||
| SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | 1,122,409 | 1.7 | ||||||||||||
|
|
|
|||||||||||||
| SOFTWARE & SERVICES | ||||||||||||||
| 13,285 | * | eBay, Inc | 558,103 | 0.8 | ||||||||||
| Other | 932,088 | 1.5 | ||||||||||||
|
|
|
|||||||||||||
| 1,490,191 | 2.3 | |||||||||||||
|
|
|
|||||||||||||
| TECHNOLOGY HARDWARE & EQUIPMENT | ||||||||||||||
| 53,277 | Cisco Systems, Inc | 914,766 | 1.4 | |||||||||||
| 40,771 | Corning, Inc | 527,169 | 0.8 | |||||||||||
| 34,787 | Hewlett-Packard Co | 699,567 | 1.1 | |||||||||||
| Other | 765,237 | 1.2 | ||||||||||||
|
|
|
|||||||||||||
| 2,906,739 | 4.5 | |||||||||||||
|
|
|
|||||||||||||
| TELECOMMUNICATION SERVICES | ||||||||||||||
| 69,330 | AT&T, Inc | 2,472,308 | 3.8 | |||||||||||
| Other | 327,182 | 0.5 | ||||||||||||
|
|
|
|||||||||||||
| 2,799,490 | 4.3 | |||||||||||||
|
|
|
|||||||||||||
| TRANSPORTATION | 734,761 | 1.1 | ||||||||||||
|
|
|
|||||||||||||
| UTILITIES | ||||||||||||||
| 20,508 | Duke Energy Corp | 472,914 | 0.7 | |||||||||||
| 23,175 | Exelon Corp | 871,843 | 1.3 | |||||||||||
| 15,194 | Xcel Energy, Inc | 431,662 | 0.7 | |||||||||||
| Other | 1,768,674 | 2.7 | ||||||||||||
|
|
|
|||||||||||||
| 3,545,093 | 5.4 | |||||||||||||
|
|
|
|||||||||||||
| TOTAL COMMON STOCKS | (Cost $65,309,175) | 65,165,594 | 99.9 | |||||||||||
|
|
|
|||||||||||||
| SHORT-TERM INVESTMENTS | ||||||||||||||
| INVESTMENTS IN REGISTERED INVESTMENT COMPANIES | ||||||||||||||
| 2,116,908 | c | TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust |
2,116,908 | 3.3 | ||||||||||
|
|
|
|||||||||||||
| 2,116,908 | 3.3 | |||||||||||||
|
|
|
|||||||||||||
| TOTAL SHORT-TERM INVESTMENTS | (Cost $2,116,908) | 2,116,908 | 3.3 | |||||||||||
|
|
|
|||||||||||||
| TOTAL PORTFOLIO | (Cost $67,426,083) | 67,282,502 | 103.2 | |||||||||||
| OTHER ASSETS & LIABILITIES, NET | (2,070,657 | ) | (3.2 | ) | ||||||||||
|
|
|
|||||||||||||
| NET ASSETS | $ | 65,211,845 | 100.0 | % | ||||||||||
|
|
|
|||||||||||||
| 50 | 2012 Semiannual Report § TIAA-CREF Life Funds | See notes to financial statements |
| Summary portfolio of investments (unaudited) | concluded |
Large-Cap Value Fund § June 30, 2012
Abbreviation(s):
ADR American Depositary Receipt
SPDR Standard & Poor’s Depository Receipts
| * | Non-income producing. |
| c | Investments made with cash collateral received from securities on loan. |
| e | All or a portion of these securities are out on loan. The aggregate value of securities on loan is $2,112,219. |
“Other” securities represent the aggregate value, by category, of securities that are not among the 50 largest holdings and, in total for any issuer, represent 1% or less of net assets.
For ease of presentation, a number of classification categories have been grouped together in the Summary Portfolio of Investments. Note that the Fund uses more specific categories in following its investment limitations on investment concentrations.
| See notes to financial statements | TIAA-CREF Life Funds § 2012 Semiannual Report | 51 |
| Summary portfolio of investments (unaudited) |
Small-Cap Equity Fund § June 30, 2012
| Shares | Company | Value | % of net assets |
|||||||||||
| COMMON STOCKS | ||||||||||||||
| AUTOMOBILES & COMPONENTS | $ | 627,943 | 1.1 | % | ||||||||||
|
|
|
|||||||||||||
| BANKS | ||||||||||||||
| 12,112 | East West Bancorp, Inc | 284,147 | 0.5 | |||||||||||
| 17,929 | FirstMerit Corp | 296,187 | 0.5 | |||||||||||
| 7,154 | * | SVB Financial Group | 420,083 | 0.7 | ||||||||||
| 6,355 | UMB Financial Corp | 325,567 | 0.5 | |||||||||||
| Other | 2,671,495 | 4.7 | ||||||||||||
|
|
|
|||||||||||||
| 3,997,479 | 6.9 | |||||||||||||
|
|
|
|||||||||||||
| CAPITAL GOODS | ||||||||||||||
| 12,380 | Actuant Corp (Class A) | 336,241 | 0.6 | |||||||||||
| 7,900 | Applied Industrial Technologies, Inc | 291,115 | 0.5 | |||||||||||
| 8,641 | Belden CDT, Inc | 288,177 | 0.5 | |||||||||||
| 9,648 | * | EnerSys | 338,356 | 0.6 | ||||||||||
| 6,171 | Franklin Electric Co, Inc | 315,523 | 0.5 | |||||||||||
| 7,950 | Robbins & Myers, Inc | 332,469 | 0.6 | |||||||||||
| 5,380 | * | Teledyne Technologies, Inc | 331,677 | 0.6 | ||||||||||
| 15,700 | *,e | USG Corp | 299,085 | 0.5 | ||||||||||
| Other | 4,184,579 | 7.3 | ||||||||||||
|
|
|
|||||||||||||
| 6,717,222 | 11.7 | |||||||||||||
|
|
|
|||||||||||||
| COMMERCIAL & PROFESSIONAL SERVICES | ||||||||||||||
| 8,146 | * | Acacia Research (Acacia Technologies) | 303,357 | 0.5 | ||||||||||
| 8,062 | * | Advisory Board Co | 399,795 | 0.7 | ||||||||||
| 12,133 | * | Tetra Tech, Inc | 316,429 | 0.5 | ||||||||||
| Other | 1,666,479 | 2.9 | ||||||||||||
|
|
|
|||||||||||||
| 2,686,060 | 4.6 | |||||||||||||
|
|
|
|||||||||||||
| CONSUMER DURABLES & APPAREL | ||||||||||||||
| 14,500 | Brunswick Corp | 322,190 | 0.6 | |||||||||||
| Other | 1,676,779 | 2.9 | ||||||||||||
|
|
|
|||||||||||||
| 1,998,969 | 3.5 | |||||||||||||
|
|
|
|||||||||||||
| CONSUMER SERVICES | ||||||||||||||
| 5,270 | *,e | Coinstar, Inc | 361,838 | 0.6 | ||||||||||
| 9,470 | Domino’s Pizza, Inc | 292,718 | 0.5 | |||||||||||
| Other | 1,687,831 | 2.9 | ||||||||||||
|
|
|
|||||||||||||
| 2,342,387 | 4.0 | |||||||||||||
|
|
|
|||||||||||||
| DIVERSIFIED FINANCIALS | 946,130 | 1.6 | ||||||||||||
|
|
|
|||||||||||||
| ENERGY | ||||||||||||||
| 9,846 | Energy XXI Bermuda Ltd | 308,081 | 0.5 | |||||||||||
| Other | 2,499,338 | 4.3 | ||||||||||||
|
|
|
|||||||||||||
| 2,807,419 | 4.8 | |||||||||||||
|
|
|
|||||||||||||
| 52 | 2012 Semiannual Report § TIAA-CREF Life Funds | See notes to financial statements |
| Summary portfolio of investments (unaudited) | continued |
Small-Cap Equity Fund § June 30, 2012
| Shares | Company | Value | % of net assets |
|||||||||||
| FOOD & STAPLES RETAILING | ||||||||||||||
| 7,051 | Harris Teeter Supermarkets, Inc | $ | 289,021 | 0.5 | % | |||||||||
| Other | 600,702 | 1.0 | ||||||||||||
|
|
|
|||||||||||||
| 889,723 | 1.5 | |||||||||||||
|
|
|
|||||||||||||
| FOOD, BEVERAGE & TOBACCO | ||||||||||||||
| 2,492 | *,e | Boston Beer Co, Inc (Class A) | 301,532 | 0.5 | ||||||||||
| Other | 957,820 | 1.7 | ||||||||||||
|
|
|
|||||||||||||
| 1,259,352 | 2.2 | |||||||||||||
|
|
|
|||||||||||||
| HEALTH CARE EQUIPMENT & SERVICES | ||||||||||||||
| 9,706 | * | Align Technology, Inc | 324,763 | 0.6 | ||||||||||
| 7,240 | * | WellCare Health Plans, Inc | 383,720 | 0.7 | ||||||||||
| Other | 2,294,884 | 3.8 | ||||||||||||
|
|
|
|||||||||||||
| 3,003,367 | 5.1 | |||||||||||||
|
|
|
|||||||||||||
| HOUSEHOLD & PERSONAL PRODUCTS | 460,701 | 0.8 | ||||||||||||
|
|
|
|||||||||||||
| INSURANCE | ||||||||||||||
| 3,600 | Allied World Assurance Co Holdings Ltd | 286,092 | 0.5 | |||||||||||
| 19,598 | First American Financial Corp | 332,382 | 0.6 | |||||||||||
| 5,330 | ProAssurance Corp | 474,850 | 0.8 | |||||||||||
| Other | 960,200 | 1.6 | ||||||||||||
|
|
|
|||||||||||||
| 2,053,524 | 3.5 | |||||||||||||
|
|
|
|||||||||||||
| MATERIALS | 2,677,538 | 4.6 | ||||||||||||
|
|
|
|||||||||||||
| MEDIA | 525,009 | 0.9 | ||||||||||||
|
|
|
|||||||||||||
| PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | ||||||||||||||
| 14,584 | * | Medicines Co | 334,557 | 0.6 | ||||||||||
| 4,350 | * | Onyx Pharmaceuticals, Inc | 289,057 | 0.5 | ||||||||||
| 6,786 | *,e | Questcor Pharmaceuticals, Inc | 361,287 | 0.6 | ||||||||||
| Other | 3,162,120 | 5.4 | ||||||||||||
|
|
|
|||||||||||||
| 4,147,021 | 7.1 | |||||||||||||
|
|
|
|||||||||||||
| REAL ESTATE | ||||||||||||||
| 5,699 | Equity Lifestyle Properties, Inc | 393,060 | 0.7 | |||||||||||
| 14,610 | Extra Space Storage, Inc | 447,066 | 0.8 | |||||||||||
| 4,968 | Home Properties, Inc | 304,836 | 0.5 | |||||||||||
| 13,500 | LaSalle Hotel Properties | 393,390 | 0.7 | |||||||||||
| 15,952 | Pennymac Mortgage Investment Trust | 314,733 | 0.5 | |||||||||||
| 7,830 | Post Properties, Inc | 383,278 | 0.7 | |||||||||||
| 14,600 | Starwood Property Trust, Inc | 311,126 | 0.5 | |||||||||||
| 11,047 | Tanger Factory Outlet Centers, Inc | 354,056 | 0.6 | |||||||||||
| Other | 2,053,987 | 3.5 | ||||||||||||
|
|
|
|||||||||||||
| 4,955,532 | 8.5 | |||||||||||||
|
|
|
|||||||||||||
| See notes to financial statements | TIAA-CREF Life Funds § 2012 Semiannual Report | 53 |
| Summary portfolio of investments (unaudited) | continued |
Small-Cap Equity Fund § June 30, 2012
| Shares | Company | Value | % of net assets |
|||||||||||
| RETAILING | $ | 1,737,433 | 3.0 | % | ||||||||||
|
|
|
|||||||||||||
| SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | ||||||||||||||
| 9,200 | * | Ultratech, Inc | 289,800 | 0.5 | ||||||||||
| Other | 1,400,682 | 2.4 | ||||||||||||
|
|
|
|||||||||||||
| 1,690,482 | 2.9 | |||||||||||||
|
|
|
|||||||||||||
| SOFTWARE & SERVICES | ||||||||||||||
| 14,516 | * | Aspen Technology, Inc | 336,045 | 0.6 | ||||||||||
| 7,834 | * | Commvault Systems, Inc | 388,331 | 0.7 | ||||||||||
| 6,760 | IAC/InterActiveCorp | 308,256 | 0.5 | |||||||||||
| 8,799 | MAXIMUS, Inc | 455,348 | 0.8 | |||||||||||
| 7,213 | * | SolarWinds, Inc | 314,198 | 0.5 | ||||||||||
| Other | 3,640,170 | 6.3 | ||||||||||||
|
|
|
|||||||||||||
| 5,442,348 | 9.4 | |||||||||||||
|
|
|
|||||||||||||
| TECHNOLOGY HARDWARE & EQUIPMENT | ||||||||||||||
| 9,200 | Adtran, Inc | 277,748 | 0.5 | |||||||||||
| Other | 2,393,918 | 4.1 | ||||||||||||
|
|
|
|||||||||||||
| 2,671,666 | 4.6 | |||||||||||||
|
|
|
|||||||||||||
| TELECOMMUNICATION SERVICES | ||||||||||||||
| 14,115 | * | tw telecom inc (Class A) | 362,191 | 0.6 | ||||||||||
| Other | 303,013 | 0.5 | ||||||||||||
|
|
|
|||||||||||||
| 665,204 | 1.1 | |||||||||||||
|
|
|
|||||||||||||
| TRANSPORTATION | ||||||||||||||
| 9,744 | * | Alaska Air Group, Inc | 349,810 | 0.6 | ||||||||||
| 23,041 | *,e | US Airways Group, Inc | 307,136 | 0.5 | ||||||||||
| Other | 1,373,492 | 2.4 | ||||||||||||
|
|
|
|||||||||||||
| 2,030,438 | 3.5 | |||||||||||||
|
|
|
|||||||||||||
| UTILITIES | ||||||||||||||
| 13,671 | Portland General Electric Co | 364,469 | 0.6 | |||||||||||
| 6,640 | Southwest Gas Corp | 289,836 | 0.5 | |||||||||||
| Other | 913,263 | 1.6 | ||||||||||||
|
|
|
|||||||||||||
| 1,567,568 | 2.7 | |||||||||||||
|
|
|
|||||||||||||
| TOTAL COMMON STOCKS | (Cost $53,865,570) | 57,900,515 | 99.6 | |||||||||||
|
|
|
|||||||||||||
| 54 | 2012 Semiannual Report § TIAA-CREF Life Funds | See notes to financial statements |
| Summary portfolio of investments (unaudited) | concluded |
Small-Cap Equity Fund § June 30, 2012
| Shares | Company | Value | % of net assets |
|||||||||||
| SHORT-TERM INVESTMENTS | ||||||||||||||
| INVESTMENTS IN REGISTERED INVESTMENT COMPANIES | ||||||||||||||
| 4,053,417 | c | TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust | $ | 4,053,417 | 7.0 | % | ||||||||
|
|
|
|||||||||||||
| 4,053,417 | 7.0 | |||||||||||||
|
|
|
|||||||||||||
| TOTAL SHORT-TERM INVESTMENTS | (Cost $4,053,417) | 4,053,417 | 7.0 | |||||||||||
|
|
|
|||||||||||||
| TOTAL PORTFOLIO | (Cost $57,918,987) | 61,953,932 | 106.6 | |||||||||||
| OTHER ASSETS & LIABILITIES, NET | (3,813,936 | ) | (6.6 | ) | ||||||||||
|
|
|
|||||||||||||
| NET ASSETS | $ | 58,139,996 | 100.0 | % | ||||||||||
|
|
|
|||||||||||||
| * | Non-income producing. |
| c | Investments made with cash collateral received from securities on loan. |
| e | All or a portion of these securities are out on loan. The aggregate value of securities on loan is $4,070,093. |
“Other” securities represent the aggregate value, by category, of securities that are not among the 50 largest holdings and, in total for any issuer, represent 1% or less of net assets.
For ease of presentation, a number of classification categories have been grouped together in the Summary Portfolio of Investments. Note that the Fund uses more specific categories in following its investment limitations on investment concentrations.
| See notes to financial statements | TIAA-CREF Life Funds § 2012 Semiannual Report | 55 |
| Summary portfolio of investments (unaudited) |
Stock Index Fund § June 30, 2012
| Shares | Company | Value | % of net assets |
|||||||||||
| COMMON STOCKS | ||||||||||||||
| AUTOMOBILES & COMPONENTS | $ | 1,615,775 | 0.8 | % | ||||||||||
|
|
|
|||||||||||||
| BANKS | ||||||||||||||
| 24,055 | US Bancorp | 773,609 | 0.4 | |||||||||||
| 62,216 | Wells Fargo & Co | 2,080,503 | 1.1 | |||||||||||
| Other | 3,614,603 | 1.9 | ||||||||||||
|
|
|
|||||||||||||
| 6,468,715 | 3.4 | |||||||||||||
|
|
|
|||||||||||||
| CAPITAL GOODS | ||||||||||||||
| 8,899 | 3M Co | 797,350 | 0.4 | |||||||||||
| 9,495 | Boeing Co | 705,478 | 0.4 | |||||||||||
| 134,629 | General Electric Co | 2,805,668 | 1.5 | |||||||||||
| 11,601 | United Technologies Corp | 876,224 | 0.4 | |||||||||||
| Other | 10,489,921 | 5.4 | ||||||||||||
|
|
|
|||||||||||||
| 15,674,641 | 8.1 | |||||||||||||
|
|
|
|||||||||||||
| COMMERCIAL & PROFESSIONAL SERVICES | 1,792,741 | 0.9 | ||||||||||||
|
|
|
|||||||||||||
| CONSUMER DURABLES & APPAREL | 2,557,466 | 1.3 | ||||||||||||
|
|
|
|||||||||||||
| CONSUMER SERVICES | ||||||||||||||
| 12,905 | McDonald’s Corp | 1,142,480 | 0.6 | |||||||||||
| Other | 3,254,712 | 1.7 | ||||||||||||
|
|
|
|||||||||||||
| 4,397,192 | 2.3 | |||||||||||||
|
|
|
|||||||||||||
| DIVERSIFIED FINANCIALS | ||||||||||||||
| 12,716 | American Express Co | 740,198 | 0.4 | |||||||||||
| 136,846 | Bank of America Corp | 1,119,400 | 0.6 | |||||||||||
| 37,170 | Citigroup, Inc | 1,018,830 | 0.5 | |||||||||||
| 48,372 | JPMorgan Chase & Co | 1,728,332 | 0.9 | |||||||||||
| Other | 5,766,225 | 3.0 | ||||||||||||
|
|
|
|||||||||||||
| 10,372,985 | 5.4 | |||||||||||||
|
|
|
|||||||||||||
| ENERGY | ||||||||||||||
| 25,051 | Chevron Corp | 2,642,880 | 1.4 | |||||||||||
| 16,057 | ConocoPhillips | 897,265 | 0.5 | |||||||||||
| 59,380 | d | Exxon Mobil Corp | 5,081,147 | 2.6 | ||||||||||
| 10,329 | Occidental Petroleum Corp | 885,918 | 0.5 | |||||||||||
| 17,132 | Schlumberger Ltd | 1,112,038 | 0.6 | |||||||||||
| Other | 8,166,253 | 4.1 | ||||||||||||
|
|
|
|||||||||||||
| 18,785,501 | 9.7 | |||||||||||||
|
|
|
|||||||||||||
| FOOD & STAPLES RETAILING | ||||||||||||||
| 16,272 | CVS Corp | 760,391 | 0.4 | |||||||||||
| 21,461 | Wal-Mart Stores, Inc | 1,496,261 | 0.8 | |||||||||||
| Other | 1,691,228 | 0.9 | ||||||||||||
|
|
|
|||||||||||||
| 3,947,880 | 2.1 | |||||||||||||
|
|
|
|||||||||||||
| FOOD, BEVERAGE & TOBACCO | ||||||||||||||
| 25,840 | Altria Group, Inc | 892,772 | 0.5 | |||||||||||
| 24,665 | Coca-Cola Co | 1,928,556 | 1.0 | |||||||||||
| 56 | 2012 Semiannual Report § TIAA-CREF Life Funds | See notes to financial statements |
| Summary portfolio of investments (unaudited) | continued |
Stock Index Fund § June 30, 2012
| Shares | Company | Value | % of net assets |
|||||||||||
| FOOD, BEVERAGE & TOBACCO—continued | ||||||||||||||
| 22,126 | Kraft Foods, Inc (Class A) | $ | 854,506 | 0.5 | % | |||||||||
| 19,860 | PepsiCo, Inc | 1,403,308 | 0.7 | |||||||||||
| 21,659 | Philip Morris International, Inc | 1,889,964 | 1.0 | |||||||||||
| Other | 3,786,715 | 1.9 | ||||||||||||
|
|
|
|||||||||||||
| 10,755,821 | 5.6 | |||||||||||||
|
|
|
|||||||||||||
| HEALTH CARE EQUIPMENT & SERVICES | ||||||||||||||
| 13,174 | UnitedHealth Group, Inc | 770,679 | 0.4 | |||||||||||
| Other | 7,469,454 | 3.9 | ||||||||||||
|
|
|
|||||||||||||
| 8,240,133 | 4.3 | |||||||||||||
|
|
|
|||||||||||||
| HOUSEHOLD & PERSONAL PRODUCTS | ||||||||||||||
| 34,796 | Procter & Gamble Co | 2,131,255 | 1.1 | |||||||||||
| Other | 1,758,901 | 0.9 | ||||||||||||
|
|
|
|||||||||||||
| 3,890,156 | 2.0 | |||||||||||||
|
|
|
|||||||||||||
| INSURANCE | ||||||||||||||
| 22,243 | * | Berkshire Hathaway, Inc (Class B) | 1,853,509 | 1.0 | ||||||||||
| Other | 5,198,726 | 2.7 | ||||||||||||
|
|
|
|||||||||||||
| 7,052,235 | 3.7 | |||||||||||||
|
|
|
|||||||||||||
| MATERIALS | 7,496,486 | 3.9 | ||||||||||||
|
|
|
|||||||||||||
| MEDIA | ||||||||||||||
| 34,103 | Comcast Corp (Class A) | 1,090,273 | 0.6 | |||||||||||
| 22,699 | Walt Disney Co | 1,100,901 | 0.6 | |||||||||||
| Other | 4,211,676 | 2.1 | ||||||||||||
|
|
|
|||||||||||||
| 6,402,850 | 3.3 | |||||||||||||
|
|
|
|||||||||||||
| PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | ||||||||||||||
| 19,717 | Abbott Laboratories | 1,271,155 | 0.7 | |||||||||||
| 9,876 | Amgen, Inc | 721,343 | 0.4 | |||||||||||
| 21,449 | Bristol-Myers Squibb Co | 771,092 | 0.4 | |||||||||||
| 34,874 | Johnson & Johnson | 2,356,087 | 1.2 | |||||||||||
| 38,624 | Merck & Co, Inc | 1,612,552 | 0.8 | |||||||||||
| 95,090 | Pfizer, Inc | 2,187,070 | 1.1 | |||||||||||
| Other | 5,690,116 | 3.0 | ||||||||||||
|
|
|
|||||||||||||
| 14,609,415 | 7.6 | |||||||||||||
|
|
|
|||||||||||||
| REAL ESTATE | 7,040,610 | 3.7 | ||||||||||||
|
|
|
|||||||||||||
| RETAILING | ||||||||||||||
| 4,601 | * | Amazon.com, Inc | 1,050,638 | 0.6 | ||||||||||
| 19,436 | Home Depot, Inc | 1,029,914 | 0.6 | |||||||||||
| Other | 5,841,551 | 2.9 | ||||||||||||
|
|
|
|||||||||||||
| 7,922,103 | 4.1 | |||||||||||||
|
|
|
|||||||||||||
| See notes to financial statements | TIAA-CREF Life Funds § 2012 Semiannual Report | 57 |
| Summary portfolio of investments (unaudited) | continued |
Stock Index Fund § June 30, 2012
| Shares | Company | Value | % of net assets |
|||||||||||
| SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | ||||||||||||||
| 63,681 | Intel Corp | $ | 1,697,099 | 0.9 | % | |||||||||
| Other | 3,020,738 | 1.6 | ||||||||||||
|
|
|
|||||||||||||
| 4,717,837 | 2.5 | |||||||||||||
|
|
|
|||||||||||||
| SOFTWARE & SERVICES | ||||||||||||||
| 3,286 | * | Google, Inc (Class A) | 1,906,110 | 1.0 | ||||||||||
| 13,842 | International Business Machines Corp | 2,707,218 | 1.4 | |||||||||||
| 95,327 | Microsoft Corp | 2,916,053 | 1.5 | |||||||||||
| 48,849 | Oracle Corp | 1,450,815 | 0.8 | |||||||||||
| 6,645 | Visa, Inc (Class A) | 821,521 | 0.4 | |||||||||||
| Other | 8,229,966 | 4.3 | ||||||||||||
|
|
|
|||||||||||||
| 18,031,683 | 9.4 | |||||||||||||
|
|
|
|||||||||||||
| TECHNOLOGY HARDWARE & EQUIPMENT | ||||||||||||||
| 11,874 | * | Apple, Inc | 6,934,416 | 3.6 | ||||||||||
| 68,419 | Cisco Systems, Inc | 1,174,754 | 0.6 | |||||||||||
| 21,638 | Qualcomm, Inc | 1,204,804 | 0.7 | |||||||||||
| Other | 4,294,022 | 2.1 | ||||||||||||
|
|
|
|||||||||||||
| 13,607,996 | 7.0 | |||||||||||||
|
|
|
|||||||||||||
| TELECOMMUNICATION SERVICES | ||||||||||||||
| 74,453 | AT&T, Inc | 2,654,994 | 1.4 | |||||||||||
| 36,088 | Verizon Communications, Inc | 1,603,751 | 0.8 | |||||||||||
| Other | 1,167,553 | 0.6 | ||||||||||||
|
|
|
|||||||||||||
| 5,426,298 | 2.8 | |||||||||||||
|
|
|
|||||||||||||
| TRANSPORTATION | ||||||||||||||
| 6,047 | Union Pacific Corp | 721,468 | 0.4 | |||||||||||
| 9,200 | United Parcel Service, Inc (Class B) | 724,592 | 0.4 | |||||||||||
| Other | 2,265,870 | 1.0 | ||||||||||||
|
|
|
|||||||||||||
| 3,711,930 | 1.8 | |||||||||||||
|
|
|
|||||||||||||
| UTILITIES | 7,180,411 | 3.7 | ||||||||||||
|
|
|
|||||||||||||
| TOTAL COMMON STOCKS | (Cost $166,107,324) | 191,698,860 | 99.4 | |||||||||||
|
|
|
|||||||||||||
| RIGHTS/WARRANTS | ||||||||||||||
| BANKS | 87 | 0.0 | ||||||||||||
|
|
|
|||||||||||||
| ENERGY | 0 | 0.0 | ||||||||||||
|
|
|
|||||||||||||
| TOTAL RIGHTS/WARRANTS | (Cost $0) | 87 | 0.0 | |||||||||||
|
|
|
|||||||||||||
| 58 | 2012 Semiannual Report § TIAA-CREF Life Funds | See notes to financial statements |
| Summary portfolio of investments (unaudited) | concluded |
Stock Index Fund § June 30, 2012
| Shares | Company | Value | % of net assets |
|||||||||||
| SHORT-TERM INVESTMENTS | ||||||||||||||
| INVESTMENTS IN REGISTERED INVESTMENT COMPANIES | ||||||||||||||
| 4,563,556 | c | TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust | $ | 4,563,556 | 2.4 | % | ||||||||
|
|
|
|||||||||||||
| 4,563,556 | 2.4 | |||||||||||||
|
|
|
|||||||||||||
| TOTAL SHORT-TERM INVESTMENTS | (Cost $4,563,556) | 4,563,556 | 2.4 | |||||||||||
|
|
|
|||||||||||||
| TOTAL PORTFOLIO | (Cost $170,670,880) | 196,262,503 | 101.8 | |||||||||||
| OTHER ASSETS & LIABILITIES, NET | (3,434,556 | ) | (1.8 | ) | ||||||||||
|
|
|
|||||||||||||
| NET ASSETS | $ | 192,827,947 | 100.0 | % | ||||||||||
|
|
|
|||||||||||||
| * | 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 by the custodian to cover margin or other requirements on open futures transactions. |
The aggregate value of securities on loan is $4,551,522.
“Other” securities represent the aggregate value, by category, of securities that are not among the 50 largest holdings and, in total for any issuer, represent 1% or less of net assets.
For ease of presentation, a number of classification categories have been grouped together in the Summary Portfolio of Investments. Note that the Fund uses more specific categories in following its investment limitations on investment concentrations.
| See notes to financial statements | TIAA-CREF Life Funds § 2012 Semiannual Report | 59 |
| Summary portfolio of investments (unaudited) |
Social Choice Equity Fund § June 30, 2012
| Shares | Company | Value | % of net assets |
|||||||||||
| COMMON STOCKS | ||||||||||||||
| AUTOMOBILES & COMPONENTS | $ | 523,483 | 1.3 | % | ||||||||||
|
|
|
|||||||||||||
| BANKS | ||||||||||||||
| 8,225 | BB&T Corp | 253,741 | 0.6 | |||||||||||
| 4,452 | PNC Financial Services Group, Inc | 272,062 | 0.7 | |||||||||||
| 10,756 | US Bancorp | 345,913 | 0.9 | |||||||||||
| Other | 394,658 | 1.0 | ||||||||||||
|
|
|
|||||||||||||
| 1,266,374 | 3.2 | |||||||||||||
|
|
|
|||||||||||||
| CAPITAL GOODS | ||||||||||||||
| 3,910 | 3M Co | 350,336 | 0.9 | |||||||||||
| 4,977 | Danaher Corp | 259,202 | 0.6 | |||||||||||
| 2,940 | Deere & Co | 237,758 | 0.6 | |||||||||||
| 5,628 | Emerson Electric Co | 262,152 | 0.7 | |||||||||||
| 1,507 | Precision Castparts Corp | 247,886 | 0.6 | |||||||||||
| Other | 1,889,827 | 4.7 | ||||||||||||
|
|
|
|||||||||||||
| 3,247,161 | 8.1 | |||||||||||||
|
|
|
|||||||||||||
| COMMERCIAL & PROFESSIONAL SERVICES | 262,586 | 0.7 | ||||||||||||
|
|
|
|||||||||||||
| CONSUMER DURABLES & APPAREL | 443,932 | 1.1 | ||||||||||||
|
|
|
|||||||||||||
| CONSUMER SERVICES | ||||||||||||||
| 4,695 | McDonald’s Corp | 415,648 | 1.0 | |||||||||||
| 5,443 | Starbucks Corp | 290,221 | 0.7 | |||||||||||
| Other | 326,242 | 0.8 | ||||||||||||
|
|
|
|||||||||||||
| 1,032,111 | 2.5 | |||||||||||||
|
|
|
|||||||||||||
| DIVERSIFIED FINANCIALS | ||||||||||||||
| 5,922 | American Express Co | 344,720 | 0.8 | |||||||||||
| 4,874 | Capital One Financial Corp | 266,413 | 0.7 | |||||||||||
| Other | 1,921,077 | 4.8 | ||||||||||||
|
|
|
|||||||||||||
| 2,532,210 | 6.3 | |||||||||||||
|
|
|
|||||||||||||
| ENERGY | ||||||||||||||
| 3,775 | National Oilwell Varco, Inc | 243,261 | 0.6 | |||||||||||
| Other | 3,139,582 | 7.8 | ||||||||||||
|
|
|
|||||||||||||
| 3,382,843 | 8.4 | |||||||||||||
|
|
|
|||||||||||||
| FOOD & STAPLES RETAILING | 378,017 | 0.9 | ||||||||||||
|
|
|
|||||||||||||
| FOOD, BEVERAGE & TOBACCO | ||||||||||||||
| 6,404 | General Mills, Inc | 246,810 | 0.6 | |||||||||||
| 9,370 | Kraft Foods, Inc (Class A) | 361,869 | 0.9 | |||||||||||
| 6,774 | PepsiCo, Inc | 478,651 | 1.2 | |||||||||||
| Other | 751,961 | 1.8 | ||||||||||||
|
|
|
|||||||||||||
| 1,839,291 | 4.5 | |||||||||||||
|
|
|
|||||||||||||
| 60 | 2012 Semiannual Report § TIAA-CREF Life Funds | See notes to financial statements |
| Summary portfolio of investments (unaudited) | continued |
Social Choice Equity Fund § June 30, 2012
| Shares | Company | Value | % of net assets |
|||||||||||
| HEALTH CARE EQUIPMENT & SERVICES | ||||||||||||||
| 4,955 | Baxter International, Inc | $ | 263,358 | 0.7 | % | |||||||||
| 7,530 | Medtronic, Inc | 291,637 | 0.7 | |||||||||||
| Other | 890,463 | 2.2 | ||||||||||||
|
|
|
|||||||||||||
| 1,445,458 | 3.6 | |||||||||||||
|
|
|
|||||||||||||
| HOUSEHOLD & PERSONAL PRODUCTS | ||||||||||||||
| 3,044 | Colgate-Palmolive Co | 316,880 | 0.8 | |||||||||||
| 3,199 | Kimberly-Clark Corp | 267,980 | 0.7 | |||||||||||
| 10,166 | Procter & Gamble Co | 622,668 | 1.5 | |||||||||||
| Other | 189,128 | 0.5 | ||||||||||||
|
|
|
|||||||||||||
| 1,396,656 | 3.5 | |||||||||||||
|
|
|
|||||||||||||
| INSURANCE | ||||||||||||||
| 3,485 | ACE Ltd | 258,343 | 0.6 | |||||||||||
| 6,946 | * | Berkshire Hathaway, Inc (Class B) | 578,810 | 1.4 | ||||||||||
| 3,341 | Chubb Corp | 243,292 | 0.6 | |||||||||||
| 3,871 | Travelers Cos, Inc | 247,125 | 0.6 | |||||||||||
| Other | 1,009,276 | 2.6 | ||||||||||||
|
|
|
|||||||||||||
| 2,336,846 | 5.8 | |||||||||||||
|
|
|
|||||||||||||
| MATERIALS | ||||||||||||||
| 2,497 | Praxair, Inc | 271,499 | 0.7 | |||||||||||
| Other | 1,745,987 | 4.3 | ||||||||||||
|
|
|
|||||||||||||
| 2,017,486 | 5.0 | |||||||||||||
|
|
|
|||||||||||||
| MEDIA | ||||||||||||||
| 3,296 | Time Warner Cable, Inc | 270,602 | 0.7 | |||||||||||
| Other | 636,778 | 1.6 | ||||||||||||
|
|
|
|||||||||||||
| 907,380 | 2.3 | |||||||||||||
|
|
|
|||||||||||||
| PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | ||||||||||||||
| 7,083 | Abbott Laboratories | 456,641 | 1.1 | |||||||||||
| 1,965 | * | Biogen Idec, Inc | 283,707 | 0.7 | ||||||||||
| 9,755 | Bristol-Myers Squibb Co | 350,692 | 0.9 | |||||||||||
| 5,960 | * | Gilead Sciences, Inc | 305,629 | 0.8 | ||||||||||
| 10,078 | Johnson & Johnson | 680,870 | 1.7 | |||||||||||
| 12,745 | Merck & Co, Inc | 532,104 | 1.3 | |||||||||||
| Other | 497,377 | 1.2 | ||||||||||||
|
|
|
|||||||||||||
| 3,107,020 | 7.7 | |||||||||||||
|
|
|
|||||||||||||
| REAL ESTATE | ||||||||||||||
| 3,952 | American Tower Corp | 276,284 | 0.7 | |||||||||||
| 2,143 | Simon Property Group, Inc | 333,579 | 0.8 | |||||||||||
| Other | 1,012,778 | 2.6 | ||||||||||||
|
|
|
|||||||||||||
| 1,622,641 | 4.1 | |||||||||||||
|
|
|
|||||||||||||
| RETAILING | ||||||||||||||
| 8,772 | Lowe’s Companies, Inc | 249,476 | 0.6 | |||||||||||
| 4,763 | Target Corp | 277,159 | 0.7 | |||||||||||
| See notes to financial statements | TIAA-CREF Life Funds § 2012 Semiannual Report | 61 |
| Summary portfolio of investments (unaudited) | continued |
Social Choice Equity Fund § June 30, 2012
| Shares | Company | Value | % of net assets |
|||||||||||
| RETAILING—continued | ||||||||||||||
| 6,543 | TJX Companies, Inc | $ | 280,891 | 0.7 | % | |||||||||
| Other | 1,009,985 | 2.5 | ||||||||||||
|
|
|
|||||||||||||
| 1,817,511 | 4.5 | |||||||||||||
|
|
|
|||||||||||||
| SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | ||||||||||||||
| 20,054 | Intel Corp | 534,439 | 1.3 | |||||||||||
| 9,371 | Texas Instruments, Inc | 268,854 | 0.7 | |||||||||||
| Other | 460,042 | 1.1 | ||||||||||||
|
|
|
|||||||||||||
| 1,263,335 | 3.1 | |||||||||||||
|
|
|
|||||||||||||
| SOFTWARE & SERVICES | ||||||||||||||
| 4,757 | Accenture plc | 285,848 | 0.7 | |||||||||||
| 1,011 | * | Google, Inc (Class A) | 586,451 | 1.5 | ||||||||||
| 3,825 | International Business Machines Corp | 748,094 | 1.9 | |||||||||||
| 16,643 | Oracle Corp | 494,297 | 1.2 | |||||||||||
| Other | 1,486,754 | 3.6 | ||||||||||||
|
|
|
|||||||||||||
| 3,601,444 | 8.9 | |||||||||||||
|
|
|
|||||||||||||
| TECHNOLOGY HARDWARE & EQUIPMENT | ||||||||||||||
| 24,833 | Cisco Systems, Inc | 426,383 | 1.1 | |||||||||||
| 12,862 | * | EMC Corp | 329,653 | 0.8 | ||||||||||
| 5,782 | Qualcomm, Inc | 321,942 | 0.8 | |||||||||||
| Other | 969,659 | 2.4 | ||||||||||||
|
|
|
|||||||||||||
| 2,047,637 | 5.1 | |||||||||||||
|
|
|
|||||||||||||
| TELECOMMUNICATION SERVICES | ||||||||||||||
| 6,339 | CenturyTel, Inc | 250,327 | 0.6 | |||||||||||
| Other | 370,568 | 0.9 | ||||||||||||
|
|
|
|||||||||||||
| 620,895 | 1.5 | |||||||||||||
|
|
|
|||||||||||||
| TRANSPORTATION | ||||||||||||||
| 4,255 | United Parcel Service, Inc (Class B) | 335,124 | 0.8 | |||||||||||
| Other | 654,908 | 1.6 | ||||||||||||
|
|
|
|||||||||||||
| 990,032 | 2.4 | |||||||||||||
|
|
|
|||||||||||||
| UTILITIES | ||||||||||||||
| 3,987 | NextEra Energy, Inc | 274,345 | 0.7 | |||||||||||
| Other | 1,666,809 | 4.1 | ||||||||||||
|
|
|
|||||||||||||
| 1,941,154 | 4.8 | |||||||||||||
|
|
|
|||||||||||||
| TOTAL COMMON STOCKS | (Cost $36,510,020) | 40,023,503 | 99.3 | |||||||||||
|
|
|
|||||||||||||
| TOTAL PORTFOLIO | (Cost $36,510,020) | 40,023,503 | 99.3 | |||||||||||
| OTHER ASSETS & LIABILITIES, NET | 298,603 | 0.7 | ||||||||||||
|
|
|
|||||||||||||
| NET ASSETS | $ | 40,322,106 | 100.0 | % | ||||||||||
|
|
|
|||||||||||||
| 62 | 2012 Semiannual Report § TIAA-CREF Life Funds | See notes to financial statements |
| Summary portfolio of investments (unaudited) | concluded |
Social Choice Equity Fund § June 30, 2012
| * | Non-income producing. |
“Other” securities represent the aggregate value, by category, of securities that are not among the 50 largest holdings and, in total for any issuer, represent 1% or less of net assets.
For ease of presentation, a number of classification categories have been grouped together in the Summary Portfolio of Investments. Note that the Fund uses more specific categories in following its investment limitations on investment concentrations.
| See notes to financial statements | TIAA-CREF Life Funds § 2012 Semiannual Report | 63 |
| Summary portfolio of investments (unaudited) |
Real Estate Securities Fund § June 30, 2012
| Shares | Company | Value | % of net assets |
|||||||||||
| COMMON STOCKS | ||||||||||||||
| DIVERSIFIED CAPITAL MARKETS | ||||||||||||||
| 34,000 | * | HFF, Inc (Class A) | $ | 473,960 | 0.5 | % | ||||||||
|
|
|
|||||||||||||
| 473,960 | 0.5 | |||||||||||||
|
|
|
|||||||||||||
| DIVERSIFIED REAL ESTATE ACTIVITIES | 83,414 | 0.1 | ||||||||||||
|
|
|
|||||||||||||
| DIVERSIFIED REITS | ||||||||||||||
| 35,000 | iShares Dow Jones US Real Estate Index Fund | 2,238,950 | 2.4 | |||||||||||
| 40,000 | NRDC Acquisition Corp | 482,400 | 0.5 | |||||||||||
| 16,000 | Vornado Realty Trust | 1,343,680 | 1.5 | |||||||||||
|
|
|
|||||||||||||
| 4,065,030 | 4.4 | |||||||||||||
|
|
|
|||||||||||||
| INDUSTRIAL REITS | ||||||||||||||
| 71,000 | AMB Property Corp | 2,359,330 | 2.5 | |||||||||||
| 17,500 | EastGroup Properties, Inc | 932,750 | 1.0 | |||||||||||
| 100,000 | * | Global Logistic Properties | 166,476 | 0.2 | ||||||||||
|
|
|
|||||||||||||
| 3,458,556 | 3.7 | |||||||||||||
|
|
|
|||||||||||||
| MORTGAGE REITS | ||||||||||||||
| 30,000 | Annaly Capital Management, Inc | 503,400 | 0.5 | |||||||||||
|
|
|
|||||||||||||
| 503,400 | 0.5 | |||||||||||||
|
|
|
|||||||||||||
| OFFICE REITS | ||||||||||||||
| 41,200 | d | Boston Properties, Inc | 4,464,844 | 4.9 | ||||||||||
| 20,000 | Digital Realty Trust, Inc | 1,501,400 | 1.6 | |||||||||||
| 35,000 | Mission West Properties, Inc | 301,700 | 0.3 | |||||||||||
| 32,500 | SL Green Realty Corp | 2,607,800 | 2.8 | |||||||||||
|
|
|
|||||||||||||
| 8,875,744 | 9.6 | |||||||||||||
|
|
|
|||||||||||||
| OTHER DIVERSIFIED FINANCIAL SERVICES | 0 | 0.0 | ||||||||||||
|
|
|
|||||||||||||
| REAL ESTATE OPERATING COMPANIES | ||||||||||||||
| 346,649 | Thomas Properties Group, Inc | 1,885,771 | 2.0 | |||||||||||
|
|
|
|||||||||||||
| 1,885,771 | 2.0 | |||||||||||||
|
|
|
|||||||||||||
| RESIDENTIAL REITS | ||||||||||||||
| 34,000 | American Campus Communities, Inc | 1,529,320 | 1.7 | |||||||||||
| 29,500 | AvalonBay Communities, Inc | 4,173,660 | 4.5 | |||||||||||
| 16,000 | Equity Lifestyle Properties, Inc | 1,103,520 | 1.2 | |||||||||||
| 70,000 | Equity Residential | 4,365,200 | 4.7 | |||||||||||
| 15,000 | Home Properties, Inc | 920,400 | 1.0 | |||||||||||
| 23,000 | Post Properties, Inc | 1,125,850 | 1.2 | |||||||||||
| 105,000 | UDR, Inc | 2,713,200 | 2.9 | |||||||||||
|
|
|
|||||||||||||
| 15,931,150 | 17.2 | |||||||||||||
|
|
|
|||||||||||||
| RETAIL REITS | ||||||||||||||
| 130,000 | DDR Corp | 1,903,200 | 2.1 | |||||||||||
| 28,000 | Equity One, Inc | 593,600 | 0.6 | |||||||||||
| 28,769 | Federal Realty Investment Trust | 2,994,565 | 3.2 | |||||||||||
| 60,000 | General Growth Properties, Inc | 1,085,400 | 1.2 | |||||||||||
| 64 | 2012 Semiannual Report § TIAA-CREF Life Funds | See notes to financial statements |
| Summary portfolio of investments (unaudited) | continued |
Real Estate Securities Fund § June 30, 2012
| Shares | Company | Value | % of net assets |
|||||||||||
| RETAIL REITS—continued | ||||||||||||||
| 16,000 | Macerich Co | $ | 944,800 | 1.0 | % | |||||||||
| 33,000 | Regency Centers Corp | 1,569,810 | 1.7 | |||||||||||
| 62,000 | Simon Property Group, Inc | 9,650,920 | 10.4 | |||||||||||
| 8,000 | Tanger Factory Outlet Centers, Inc | 256,400 | 0.3 | |||||||||||
| 30,301 | Taubman Centers, Inc | 2,338,025 | 2.5 | |||||||||||
| 80,000 | Westfield Group | 783,310 | 0.9 | |||||||||||
|
|
|
|||||||||||||
| 22,120,030 | 23.9 | |||||||||||||
|
|
|
|||||||||||||
| SPECIALIZED REITS | ||||||||||||||
| 66,000 | American Tower Corp | 4,614,060 | 5.0 | |||||||||||
| 15,000 | Ashford Hospitality Trust, Inc | 126,450 | 0.1 | |||||||||||
| 50,000 | CubeSmart | 583,500 | 0.6 | |||||||||||
| 70,741 | DiamondRock Hospitality Co | 721,558 | 0.8 | |||||||||||
| 28,000 | Entertainment Properties Trust | 1,151,080 | 1.3 | |||||||||||
| 28,000 | Extra Space Storage, Inc | 856,800 | 0.9 | |||||||||||
| 25,000 | * | FelCor Lodging Trust, Inc | 117,500 | 0.1 | ||||||||||
| 45,000 | HCP, Inc | 1,986,750 | 2.2 | |||||||||||
| 60,000 | Health Care REIT, Inc | 3,498,000 | 3.8 | |||||||||||
| 150,000 | Hersha Hospitality Trust | 792,000 | 0.9 | |||||||||||
| 110,000 | Host Marriott Corp | 1,740,200 | 1.9 | |||||||||||
| 30,000 | Plum Creek Timber Co, Inc | 1,191,000 | 1.3 | |||||||||||
| 7,000 | Potlatch Corp | 223,580 | 0.2 | |||||||||||
| 31,000 | Public Storage, Inc | 4,476,710 | 4.9 | |||||||||||
| 15,000 | Rayonier, Inc | 673,500 | 0.7 | |||||||||||
| 65,000 | * | Strategic Hotels & Resorts, Inc | 419,900 | 0.5 | ||||||||||
| 65,000 | * | Sunstone Hotel Investors, Inc | 714,350 | 0.8 | ||||||||||
| 70,000 | Ventas, Inc | 4,418,400 | 4.8 | |||||||||||
| 100,000 | Weyerhaeuser Co | 2,236,000 | 2.4 | |||||||||||
|
|
|
|||||||||||||
| 30,541,338 | 33.2 | |||||||||||||
|
|
|
|||||||||||||
| TOTAL COMMON STOCKS | (Cost $73,951,571) | 87,938,393 | 95.1 | |||||||||||
|
|
|
|||||||||||||
| Principal |
Issuer |
|||||||||||||
| SHORT-TERM INVESTMENTS | ||||||||||||||
| U.S. GOVERNMENT AND AGENCY DISCOUNT AND COUPON NOTES | ||||||||||||||
| $3,000,000 | Federal Home Loan Bank (FHLB) | 0.001%, 07/02/12 | 3,000,000 | 3.2 | ||||||||||
|
|
|
|||||||||||||
| 3,000,000 | 3.2 | |||||||||||||
|
|
|
|||||||||||||
| TOTAL SHORT-TERM INVESTMENTS | (Cost $3,000,000) | 3,000,000 | 3.2 | |||||||||||
|
|
|
|||||||||||||
| TOTAL PORTFOLIO | (Cost $76,951,571) | 90,938,393 | 98.3 | |||||||||||
| OTHER ASSETS & LIABILITIES, NET | 1,529,854 | 1.7 | ||||||||||||
|
|
|
|||||||||||||
| NET ASSETS | $ | 92,468,247 | 100.0 | % | ||||||||||
|
|
|
|||||||||||||
| See notes to financial statements | TIAA-CREF Life Funds § 2012 Semiannual Report | 65 |
| Summary portfolio of investments (unaudited) | concluded |
Real Estate Securities Fund § June 30, 2012
Abbreviation(s):
REIT Real Estate Investment Trust
| * | Non-income producing. |
| d | All or a portion of these securities have been segregated by the custodian to cover requirements on open written options contracts. |
For ease of presentation, a number of classification categories have been grouped together in the Summary Portfolio of Investments. Note that the Fund uses more specific categories in following its investment limitations on investment concentrations.
| 66 | 2012 Semiannual Report § TIAA-CREF Life Funds | See notes to financial statements |
| Summary portfolio of investments (unaudited) |
Bond Fund § June 30, 2012
| Principal | Issuer | Value | % of net assets |
|||||||||||
| BONDS | ||||||||||||||
| CORPORATE BONDS | ||||||||||||||
| AUTOMOBILES & COMPONENTS | $ | 180,990 | 0.1 | % | ||||||||||
|
|
|
|||||||||||||
| BANKS | ||||||||||||||
| $ 750,000 | Bank of America Corp | 5.700%, 01/24/22 | 825,971 | 0.5 | ||||||||||
| 900,000 | g | Depfa ACS Bank | 5.125%, 03/16/37 | 626,846 | 0.4 | |||||||||
| 625,000 | JPMorgan Chase & Co | 5.400%, 01/06/42 | 686,263 | 0.4 | ||||||||||
| Other | 7,552,325 | 4.5 | ||||||||||||
|
|
|
|||||||||||||
| 9,691,405 | 5.8 | |||||||||||||
|
|
|
|||||||||||||
| CAPITAL GOODS | 2,279,353 | 1.2 | ||||||||||||
|
|
|
|||||||||||||
| COMMERCIAL & PROFESSIONAL SERVICES | 918,631 | 0.6 | ||||||||||||
|
|
|
|||||||||||||
| CONSUMER DURABLES & APPAREL | 299,460 | 0.2 | ||||||||||||
|
|
|
|||||||||||||
| CONSUMER SERVICES | 1,546,768 | 0.9 | ||||||||||||
|
|
|
|||||||||||||
| DIVERSIFIED FINANCIALS | ||||||||||||||
| 735,000 | General Electric Capital Corp | 4.650%, 10/17/21 | 816,237 | 0.5 | ||||||||||
| 775,000 | Goldman Sachs Group, Inc | 5.750%, 01/24/22 | 818,093 | 0.5 | ||||||||||
| Other | 10,042,649 | 5.9 | ||||||||||||
|
|
|
|||||||||||||
| 11,676,979 | 6.9 | |||||||||||||
|
|
|
|||||||||||||
| ENERGY | ||||||||||||||
| 500,000 | Southwestern Energy Co | 7.500%, 02/01/18 | 599,848 | 0.4 | ||||||||||
| Other | 7,637,737 | 4.4 | ||||||||||||
|
|
|
|||||||||||||
| 8,237,585 | 4.8 | |||||||||||||
|
|
|
|||||||||||||
| FOOD & STAPLES RETAILING | 664,200 | 0.4 | ||||||||||||
|
|
|
|||||||||||||
| FOOD, BEVERAGE & TOBACCO | 2,052,477 | 1.3 | ||||||||||||
|
|
|
|||||||||||||
| HEALTH CARE EQUIPMENT & SERVICES | 1,598,760 | 0.9 | ||||||||||||
|
|
|
|||||||||||||
| HOUSEHOLD & PERSONAL PRODUCTS | 387,371 | 0.1 | ||||||||||||
|
|
|
|||||||||||||
| INSURANCE | 2,235,236 | 1.3 | ||||||||||||
|
|
|
|||||||||||||
| MATERIALS | 3,794,395 | 2.2 | ||||||||||||
|
|
|
|||||||||||||
| MEDIA | ||||||||||||||
| 600,000 | DIRECTV Holdings LLC | 3.800%, 03/15/22 | 606,776 | 0.4 | ||||||||||
| 600,000 | NBC Universal Media LLC | 4.375%, 04/01/21 | 660,076 | 0.4 | ||||||||||
| Other | 2,636,306 | 1.5 | ||||||||||||
|
|
|
|||||||||||||
| 3,903,158 | 2.3 | |||||||||||||
|
|
|
|||||||||||||
| PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 2,058,701 | 1.2 | ||||||||||||
|
|
|
|||||||||||||
| REAL ESTATE | 1,290,106 | 0.8 | ||||||||||||
|
|
|
|||||||||||||
| See notes to financial statements | TIAA-CREF Life Funds § 2012 Semiannual Report | 67 |
| Summary portfolio of investments (unaudited) | continued |
Bond Fund § June 30, 2012
| Principal | Issuer | Value | % of net assets |
|||||||||||
| RETAILING | ||||||||||||||
| $ 510,000 | g | QVC Inc | 7.375%, 10/15/20 | $ | 564,825 | 0.3 | % | |||||||
| Other | 1,979,247 | 1.2 | ||||||||||||
|
|
|
|||||||||||||
| 2,544,072 | 1.5 | |||||||||||||
|
|
|
|||||||||||||
| SOFTWARE & SERVICES | 931,306 | 0.5 | ||||||||||||
|
|
|
|||||||||||||
| TECHNOLOGY HARDWARE & EQUIPMENT | 688,906 | 0.4 | ||||||||||||
|
|
|
|||||||||||||
| TELECOMMUNICATION SERVICES | 2,495,193 | 1.5 | ||||||||||||
|
|
|
|||||||||||||
| TRANSPORTATION | 1,957,889 | 1.1 | ||||||||||||
|
|
|
|||||||||||||
| UTILITIES | 5,812,220 | 3.3 | ||||||||||||
|
|
|
|||||||||||||
| TOTAL CORPORATE BONDS | (Cost $64,082,097) | 67,245,161 | 39.3 | |||||||||||
|
|
|
|||||||||||||
| GOVERNMENT BONDS | ||||||||||||||
| AGENCY SECURITIES | ||||||||||||||
| 1,000,000 | Federal Home Loan Mortgage Corp (FHLMC) | 0.750%, 03/28/13 | 1,003,614 | 0.6 | ||||||||||
| 1,000,000 | Federal National Mortgage Association (FNMA) | 3.000%, 09/16/14 | 1,058,069 | 0.6 | ||||||||||
| 700,000 | GMAC, Inc | 2.200%, 12/19/12 | 706,426 | 0.4 | ||||||||||
| Other | 1,212,013 | 0.7 | ||||||||||||
|
|
|
|||||||||||||
| 3,980,122 | 2.3 | |||||||||||||
|
|
|
|||||||||||||
| FOREIGN GOVERNMENT BONDS | ||||||||||||||
| 750,000 | g | Bank of Nova Scotia | 1.650%, 10/29/15 | 766,826 | 0.5 | |||||||||
| 1,900,000 | g | Caisse Centrale Desjardins du Quebec | 1.600%, 03/06/17 | 1,921,299 | 1.1 | |||||||||
| Other | 9,578,238 | 5.5 | ||||||||||||
|
|
|
|||||||||||||
| 12,266,363 | 7.1 | |||||||||||||
|
|
|
|||||||||||||
| MORTGAGE BACKED | ||||||||||||||
| 941,953 | Federal Home Loan Mortgage Corp Gold (FGLMC) | 4.500%, 12/01/39 | 1,029,678 | 0.6 | ||||||||||
| 567,408 | FGLMC | 4.500%, 07/01/40 | 620,251 | 0.4 | ||||||||||
| 2,167,519 | FGLMC | 4.000%–6.500%, 02/01/19–01/01/40 | 2,371,180 | 1.3 | ||||||||||
| 1,435,134 | Federal National Mortgage Association (FNMA) | 4.563%, 01/01/15 | 1,517,542 | 0.9 | ||||||||||
| 947,672 | FNMA | 3.000%, 01/01/27 | 994,111 | 0.6 | ||||||||||
| 539,056 | FNMA | 5.500%, 07/01/33 | 602,903 | 0.4 | ||||||||||
| 532,808 | FNMA | 5.500%, 02/01/38 | 581,430 | 0.3 | ||||||||||
| 535,173 | FNMA | 6.000%, 07/01/38 | 589,760 | 0.4 | ||||||||||
| 532,973 | FNMA | 6.000%, 10/01/38 | 587,336 | 0.4 | ||||||||||
| 936,858 | FNMA | 4.500%, 04/01/39 | 1,005,371 | 0.6 | ||||||||||
| 555,383 | FNMA | 4.000%, 07/01/39 | 591,857 | 0.4 | ||||||||||
| 631,935 | FNMA | 5.000%, 05/01/40 | 697,328 | 0.4 | ||||||||||
| 1,006,377 | FNMA | 4.000%, 12/01/40 | 1,085,993 | 0.6 | ||||||||||
| 879,919 | FNMA | 4.000%, 02/01/41 | 937,982 | 0.6 | ||||||||||
| 532,511 | FNMA | 4.000%, 08/01/41 | 567,816 | 0.3 | ||||||||||
| 968,317 | FNMA | 3.500%, 12/01/41 | 1,018,825 | 0.6 | ||||||||||
| 68 | 2012 Semiannual Report § TIAA-CREF Life Funds | See notes to financial statements |
| Summary portfolio of investments (unaudited) | continued |
Bond Fund § June 30, 2012
| Principal | Issuer | Value | % of net assets |
|||||||||||
| MORTGAGE BACKED—continued | ||||||||||||||
| $ 1,490,740 | h | FNMA | 3.000%, 04/01/42 | $ | 1,532,161 | 0.9 | % | |||||||
| 19,046,730 | i | FNMA | 2.385%–7.500%, 06/01/13–04/01/42 | 20,582,487 | 12.1 | |||||||||
| 600,661 | Government National Mortgage Association (GNMA) | 4.500%, 03/15/40 | 658,846 | 0.4 | ||||||||||
| 868,788 | GNMA | 4.500%, 04/20/40 | 959,960 | 0.6 | ||||||||||
| 613,625 | GNMA | 4.500%, 05/15/40 | 673,067 | 0.4 | ||||||||||
| 968,609 | GNMA | 4.000%, 09/15/41 | 1,059,630 | 0.6 | ||||||||||
| 4,374,408 | GNMA | 3.500%–6.000%, 07/15/33–12/20/41 | 4,816,357 | 2.6 | ||||||||||
| Other | 856,292 | 0.5 | ||||||||||||
|
|
|
|||||||||||||
| 45,938,163 | 26.9 | |||||||||||||
|
|
|
|||||||||||||
| MUNICIPAL BONDS | ||||||||||||||
| 1,100,000 | City of New York, NY | 5.817%, 10/01/31 | 1,234,651 | 0.7 | ||||||||||
| Other | 597,348 | 0.4 | ||||||||||||
|
|
|
|||||||||||||
| 1,831,999 | 1.1 | |||||||||||||
|
|
|
|||||||||||||
| U.S. TREASURY SECURITIES | ||||||||||||||
| 675,000 | United States Treasury Bond | 5.375%, 02/15/31 | 983,602 | 0.6 | ||||||||||
| 1,000,000 | United States Treasury Bond | 3.000%, 05/15/42 | 1,047,344 | 0.6 | ||||||||||
| 1,695,000 | United States Treasury Note | 0.625%, 01/31/13 | 1,699,304 | 1.0 | ||||||||||
| 1,175,000 | United States Treasury Note | 0.125%, 12/31/13 | 1,171,879 | 0.7 | ||||||||||
| 1,000,000 | United States Treasury Note | 0.250%, 02/28/14 | 998,984 | 0.6 | ||||||||||
| 1,000,000 | United States Treasury Note | 0.250%, 05/31/14 | 998,750 | 0.6 | ||||||||||
| 1,180,000 | United States Treasury Note | 2.375%, 10/31/14 | 1,234,943 | 0.7 | ||||||||||
| 7,710,000 | United States Treasury Note | 0.375%, 06/15/15 | 7,703,377 | 4.5 | ||||||||||
| 7,648,000 | United States Treasury Note | 0.750%, 06/30/17 | 7,655,770 | 4.5 | ||||||||||
| 1,000,000 | United States Treasury Note | 2.625%, 01/31/18 | 1,095,938 | 0.6 | ||||||||||
| 3,000,000 | United States Treasury Note | 2.250%, 07/31/18 | 3,229,452 | 1.9 | ||||||||||
| 800,000 | United States Treasury Note | 1.375%, 12/31/18 | 817,875 | 0.5 | ||||||||||
| 1,000,000 | United States Treasury Note | 1.250%, 04/30/19 | 1,011,094 | 0.6 | ||||||||||
| 1,571,000 | United States Treasury Note | 1.750%, 05/15/22 | 1,583,764 | 0.9 | ||||||||||
| Other | 491,614 | 0.3 | ||||||||||||
|
|
|
|||||||||||||
| 31,723,690 | 18.6 | |||||||||||||
|
|
|
|||||||||||||
| TOTAL GOVERNMENT BONDS | (Cost $92,416,861) | 95,740,337 | 56.0 | |||||||||||
|
|
|
|||||||||||||
| STRUCTURED ASSETS | ||||||||||||||
| ASSET BACKED | 3,340,783 | 2.0 | ||||||||||||
|
|
|
|||||||||||||
| OTHER MORTGAGE BACKED | 6,467,460 | 3.8 | ||||||||||||
|
|
|
|||||||||||||
| TOTAL STRUCTURED ASSETS | (Cost $10,233,110) | 9,808,243 | 5.8 | |||||||||||
|
|
|
|||||||||||||
| TOTAL BONDS | (Cost $166,732,068) | 172,793,741 | 101.1 | |||||||||||
|
|
|
|||||||||||||
| Shares |
Company |
|||||||||||||
| PREFERRED STOCKS | ||||||||||||||
| BANKS | 40,114 | 0.0 | ||||||||||||
|
|
|
|||||||||||||
| TOTAL PREFERRED STOCKS | (Cost $569,550) | 40,114 | 0.0 | |||||||||||
|
|
|
|||||||||||||
| See notes to financial statements | TIAA-CREF Life Funds § 2012 Semiannual Report | 69 |
| Summary portfolio of investments (unaudited) | concluded |
Bond Fund § June 30, 2012
| Principal | Issuer | Value | % of net assets |
|||||||||||
| SHORT-TERM INVESTMENTS | ||||||||||||||
| TREASURY DEBT | ||||||||||||||
| $ 850,000 | United States Treasury Bill | 0.007%, 09/06/12 | $ | 849,895 | 0.5 | % | ||||||||
|
|
|
|||||||||||||
| 849,895 | 0.5 | |||||||||||||
|
|
|
|||||||||||||
| TOTAL SHORT-TERM INVESTMENTS | (Cost $849,895) | 849,895 | 0.5 | |||||||||||
|
|
|
|||||||||||||
| TOTAL PORTFOLIO | (Cost $168,151,513) | 173,683,750 | 101.6 | |||||||||||
| OTHER ASSETS & LIABILITIES, NET | (2,799,235 | ) | (1.6 | ) | ||||||||||
|
|
|
|||||||||||||
| NET ASSETS | $ | 170,884,515 | 100.0 | % | ||||||||||
|
|
|
|||||||||||||
| g | Security is exempt from registration under Rule 144(A) of the Securities Act of 1933 and may be resold in transactions exempt from registration to qualified institutional buyers. At 6/30/2012, the total value of these securities amounted to $24,548,235 or 14.4% of net assets. |
| h | All or a portion of these securities were purchased on a delayed delivery basis. |
| i | Floating or variable rate security. Coupon rate reflects the rate at period end. |
“Other” securities represent the aggregate value, by category, of securities that are not among the 50 largest holdings and, in total for any issuer, represent 1% or less of net assets.
For ease of presentation, a number of classification categories have been grouped together in the Summary Portfolio of Investments. Note that the Fund uses more specific categories in following its investment limitations on investment concentrations.
| 70 | 2012 Semiannual Report § TIAA-CREF Life Funds | See notes to financial statements |
| Summary portfolio of investments (unaudited) |
Money Market Fund § June 30, 2012
| Principal | Issuer | Value | % net assets |
|||||||||||
| SHORT-TERM INVESTMENTS | ||||||||||||||
| BANKERS’ ACCEPTANCES | $ | 316,995 | 0.5 | % | ||||||||||
|
|
|
|||||||||||||
| CERTIFICATE OF DEPOSIT | ||||||||||||||
| $ 1,000,000 | Toronto-Dominion Bank | 0.140%, 07/12/12 | 1,000,000 | 1.7 | ||||||||||
| Other | 1,280,018 | 2.2 | ||||||||||||
|
|
|
|||||||||||||
| 2,280,018 | 3.9 | |||||||||||||
|
|
|
|||||||||||||
| COMMERCIAL PAPER | ||||||||||||||
| 500,000 | Australia & New Zealand Banking Group Ltd | 0.250%, 07/25/12 | 499,917 | 0.9 | ||||||||||
| 750,000 | Australia & New Zealand Banking Group Ltd | 0.230%, 09/17/12 | 749,626 | 1.3 | ||||||||||
| 410,000 | Bank of Nova Scotia | 0.235%, 08/03/12 | 409,912 | 0.7 | ||||||||||
| 1,900,000 | Coca-Cola Co | 0.170%–0.230%, 08/01/12–10/03/12 | 1,899,415 | 3.2 | ||||||||||
| 400,000 | y | Colgate-Palmolive Co | 0.110%, 07/03/12 | 399,997 | 0.7 | |||||||||
| 500,000 | y | Commonwealth Bank of Australia | 0.200%, 08/09/12 | 499,892 | 0.9 | |||||||||
| 940,000 | y | Commonwealth Bank of Australia | 0.220%–0.250%, 07/06/12–09/07/12 | 939,760 | 1.6 | |||||||||
| 683,000 | Fairway Finance LLC | 0.190%–0.195%, 08/16/12–08/17/12 | 682,830 | 1.2 | ||||||||||
| 500,000 | General Electric Capital Corp | 0.310%, 07/26/12 | 499,892 | 0.9 | ||||||||||
| 950,000 | General Electric Capital Corp | 0.310%, 07/30/12 | 949,782 | 1.6 | ||||||||||
| 500,000 | y | Johnson & Johnson | 0.140%, 07/09/12 | 499,985 | 0.9 | |||||||||
| 500,000 | y | Johnson & Johnson | 0.150%, 07/23/12 | 499,954 | 0.8 | |||||||||
| 400,000 | Jupiter Securitization Co LLC | 0.200%, 07/03/12 | 399,995 | 0.7 | ||||||||||
| 690,000 | National Australia Funding (Delaware) |
0.345%–0.350%, 09/17/12–09/18/12 | 689,477 | 1.2 | ||||||||||
| 750,000 | y | Nestle Capital Corp | 0.120%, 08/02/12 | 749,920 | 1.3 | |||||||||
| 685,000 | y | Nestle Capital Corp | 0.160%–0.160%, 07/13/12–07/18/12 | 684,955 | 1.1 | |||||||||
| 500,000 | y | Novartis Finance Corp | 0.150%, 08/07/12 | 499,923 | 0.9 | |||||||||
| 500,000 | y | Old Line Funding LLC | 0.180%, 08/27/12 | 499,858 | 0.9 | |||||||||
| 500,000 | y | Old Line Funding LLC | 0.220%, 09/04/12 | 499,801 | 0.9 | |||||||||
| 870,000 | y | Old Line Funding LLC | 0.180%–0.210%, 08/15/12–09/25/12 | 869,690 | 1.4 | |||||||||
| 500,000 | PACCAR Financial Corp | 0.150%, 07/10/12 | 499,981 | 0.9 | ||||||||||
| 500,000 | y | Private Export Funding Corp | 0.310%, 09/10/12 | 499,695 | 0.9 | |||||||||
| 945,000 | Province of British Columbia Canada |
0.140%–0.180%, 07/09/12–09/24/12 | 944,839 | 1.6 | ||||||||||
| 550,000 | Province of Quebec Canada | 0.180%, 09/18/12 | 549,783 | 0.9 | ||||||||||
| 500,000 | Straight-A Funding LLC | 0.160%, 07/17/12 | 499,964 | 0.8 | ||||||||||
| 1,375,000 | Straight-A Funding LLC | 0.160%–0.180%, 07/02/12–08/14/12 | 1,374,810 | 2.4 | ||||||||||
| 551,000 | y | Variable Funding Capital Co LLC | 0.200%, 07/20/12 | 550,942 | 0.9 | |||||||||
| 965,000 | y | Variable Funding Capital Co LLC | 0.190%–0.200%, 07/16/12–08/08/12 | 964,864 | 1.7 | |||||||||
| 500,000 | y | Wal-Mart Stores, Inc | 0.110%, 07/10/12 | 499,986 | 0.8 | |||||||||
| 584,000 | y | Wal-Mart Stores, Inc | 0.140%, 08/06/12 | 583,918 | 1.0 | |||||||||
| 600,000 | y | Westpac Banking Corp | 0.250%, 09/05/12 | 599,725 | 1.0 | |||||||||
| Other | 3,926,222 | 6.6 | ||||||||||||
|
|
|
|||||||||||||
| 24,919,310 | 42.6 | |||||||||||||
|
|
|
|||||||||||||
| GOVERNMENT AGENCY DEBT | ||||||||||||||
| 410,000 | Federal Home Loan Bank (FHLB) | 0.100%, 07/11/12 | 409,989 | 0.7 | ||||||||||
| 1,600,000 | FHLB | 0.140%, 08/29/12 | 1,599,702 | 2.7 | ||||||||||
| 716,000 | FHLB | 0.135%, 09/05/12 | 715,839 | 1.2 | ||||||||||
| 666,000 | FHLB | 0.120%, 07/27/12 | 665,942 | 1.1 | ||||||||||
| See notes to financial statements | TIAA-CREF Life Funds § 2012 Semiannual Report | 71 |
| Summary portfolio of investments (unaudited) | continued |
Money Market Fund § June 30, 2012
| Principal | Issuer | Value | % net assets |
|||||||||||
| GOVERNMENT AGENCY DEBT—continued | ||||||||||||||
| $ 950,000 | FHLB | 0.150%, 08/08/12 | $ | 949,884 | 1.6 | % | ||||||||
| 650,000 | FHLB | 0.150%, 08/10/12 | 649,904 | 1.1 | ||||||||||
| 524,000 | FHLB | 0.120%, 08/24/12 | 523,906 | 0.9 | ||||||||||
| 1,636,000 | FHLB | 0.110%–0.800%, 07/05/12–09/24/12 | 1,635,838 | 2.9 | ||||||||||
| 888,000 | Federal Home Loan Mortgage Corp (FHLMC) | 0.165%, 08/14/12 | 887,866 | 1.5 | ||||||||||
| 500,000 | FHLMC | 0.130%, 09/19/12 | 499,856 | 0.9 | ||||||||||
| 1,121,000 | FHLMC | 0.120%–0.160%, 07/10/12–01/08/13 | 1,120,747 | 1.9 | ||||||||||
| 740,000 | Federal National Mortgage Association (FNMA) | 0.170%, 10/01/12 | 739,678 | 1.3 | ||||||||||
| 1,910,000 | FNMA | 0.105%–0.224%, 07/05/12–06/20/14 | 1,909,530 | 3.2 | ||||||||||
| Other | 156,962 | 0.2 | ||||||||||||
|
|
|
|||||||||||||
| 12,465,643 | 21.2 | |||||||||||||
|
|
|
|||||||||||||
| TREASURY DEBT | ||||||||||||||
| 616,000 | United States Treasury Bill | 0.112%, 08/16/12 | 615,921 | 1.0 | ||||||||||
| 756,000 | United States Treasury Bill | 0.136%, 08/23/12 | 755,864 | 1.3 | ||||||||||
| 601,000 | United States Treasury Bill | 0.106%, 09/06/12 | 600,895 | 1.0 | ||||||||||
| 800,000 | United States Treasury Bill | 0.115%, 09/13/12 | 799,813 | 1.3 | ||||||||||
| 615,000 | United States Treasury Bill | 0.130%, 10/11/12 | 614,789 | 1.0 | ||||||||||
| 500,000 | United States Treasury Bill | 0.145%, 12/20/12 | 499,654 | 0.9 | ||||||||||
| 1,688,000 | United States Treasury Bill | 0.120%–0.950%, 07/19/12–10/25/12 | 1,687,538 | 2.9 | ||||||||||
| 835,000 | United States Treasury Note | 1.750%, 08/15/12 | 836,653 | 1.4 | ||||||||||
| 1,000,000 | United States Treasury Note | 1.375%, 10/15/12 | 1,003,539 | 1.7 | ||||||||||
| 971,000 | United States Treasury Note | 0.375%, 10/31/12 | 971,719 | 1.7 | ||||||||||
| 500,000 | United States Treasury Note | 1.375%, 11/15/12 | 502,278 | 0.9 | ||||||||||
| 658,000 | United States Treasury Note | 0.500%, 11/30/12 | 658,944 | 1.1 | ||||||||||
| 400,000 | United States Treasury Note | 0.625%, 01/31/13 | 401,055 | 0.7 | ||||||||||
| 1,631,000 | United States Treasury Note | 0.375%–1.500%, 07/15/12–02/28/13 | 1,634,806 | 2.8 | ||||||||||
|
|
|
|||||||||||||
| 11,583,468 | 19.7 | |||||||||||||
|
|
|
|||||||||||||
| VARIABLE RATE SECURITIES | ||||||||||||||
| 2,660,000 | i | Federal Farm Credit Bank (FFCB) | 0.240%–0.612%, 02/01/13–10/15/13 | 2,659,277 | 4.4 | |||||||||
| 500,000 | i | Federal Home Loan Bank (FHLB) | 0.215%, 07/02/12 | 500,000 | 0.9 | |||||||||
| 500,000 | i | FHLB | 0.340%, 08/16/13 | 500,000 | 0.9 | |||||||||
| 500,000 | i | Federal Home Loan Mortgage Corp (FHLMC) | 0.189%, 02/04/13 | 499,880 | 0.9 | |||||||||
| 830,000 | i | FHLMC |
0.189%, 05/06/13 | 829,646 | 1.4 | |||||||||
| 500,000 | i | Royal Bank of Canada | 0.360%, 07/11/12 | 500,000 | 0.9 | |||||||||
| Other | 849,956 | 1.4 | ||||||||||||
|
|
|
|||||||||||||
| 6,338,759 | 10.8 | |||||||||||||
|
|
|
|||||||||||||
| TOTAL SHORT-TERM INVESTMENTS | (Cost $57,904,193) | 57,904,193 | 98.7 | |||||||||||
|
|
|
|||||||||||||
| TOTAL PORTFOLIO | (Cost $57,904,193) | 57,904,193 | 98.7 | |||||||||||
| OTHER ASSETS & LIABILITIES, NET | 774,805 | 1.3 | ||||||||||||
|
|
|
|||||||||||||
| NET ASSETS | $ | 58,678,998 | 100.0 | % | ||||||||||
|
|
|
|||||||||||||
| 72 | 2012 Semiannual Report § TIAA-CREF Life Funds | See notes to financial statements |
| Summary portfolio of investments (unaudited) | concluded |
Money Market Fund § June 30, 2012
| i | Floating or variable rate security. Coupon rate reflects the rate at period end. |
| y | Security exempt from registration under Section 4(2) of the Securities Act of 1933. Such securities are deemed liquid and may be sold in transactions exempt from registration only to dealers in that program or other “accredited investors.” At 6/30/2012, the aggregate value of these securities was $15,774,012 or 26.9% of net assets. |
“Other’’ securities represent the aggregate value, by category, of securities that are not among the 50 largest holdings and, in total for any issuer, represent 1% or less of net assets.
For ease of presentation, a number of classification categories have been grouped together in the Summary Portfolio of Investments. Note that the Fund uses more specific categories in following its investment limitations on investment concentrations.
| See notes to financial statements | TIAA-CREF Life Funds § 2012 Semiannual Report | 73 |
| Statements of assets and liabilities (unaudited) |
TIAA-CREF Life Funds § June 30, 2012
| Growth Equity Fund |
||||||
|
| ||||||
| ASSETS |
||||||
| Portfolio investments, at value†* |
$ | 44,573,206 | ||||
| Cash |
455,303 | |||||
| Cash-foreign** |
— | |||||
| Receivable from securities transactions |
871,136 | |||||
| Receivable from Fund shares sold |
378 | |||||
| Due from affiliates |
1,157 | |||||
| Dividends and interest receivable |
19,137 | |||||
| Other |
4,617 | |||||
|
| ||||||
| Total assets |
45,924,934 | |||||
|
| ||||||
| LIABILITIES |
||||||
| Management fees payable |
2,125 | |||||
| Payable for collateral for securities loaned |
429,488 | |||||
| Payable for securities transactions |
1,231,520 | |||||
| Payable for Fund shares redeemed |
27,461 | |||||
| Due to affiliates |
4,832 | |||||
| Written options^ |
— | |||||
| Accrued expenses & other payables |
27,620 | |||||
|
| ||||||
| Total liabilities |
1,723,046 | |||||
|
| ||||||
| NET ASSETS |
$ | 44,201,888 | ||||
|
| ||||||
| NET ASSETS CONSIST OF: |
||||||
| Paid-in-capital |
$ | 48,473,139 | ||||
| Undistributed net investment income (loss) |
90,070 | |||||
| Accumulated net realized gain (loss) on total investments |
(8,700,122 | ) | ||||
| Net unrealized appreciation (depreciation) on total investments |
4,338,801 | |||||
|
| ||||||
| NET ASSETS |
$ | 44,201,888 | ||||
|
| ||||||
| Outstanding shares of beneficial interest, |
2,486,471 | |||||
|
| ||||||
| Net asset value per share |
$17.78 | |||||
|
| ||||||
| † Includes securities loaned of |
$ | 425,550 | ||||
| * Portfolio investments, cost |
$ | 40,234,280 | ||||
| ** Foreign cash, cost |
$ | — | ||||
| ^ Written options premiums |
$ | — | ||||
| 74 | 2012 Semiannual Report § TIAA-CREF Life Funds | See notes to financial statements |
| Growth & Income Fund |
International Fund |
Large-Cap Fund |
Small-Cap Fund |
|||||||||||||
|
|
||||||||||||||||
| $ | 86,179,257 | $ | 92,731,385 | $ | 67,282,502 | $ | 61,953,932 | |||||||||
| 38,760 | 436,167 | 93,881 | 10,670 | |||||||||||||
| — | 49,043 | 462 | — | |||||||||||||
| 757,369 | 6,292,859 | 628,984 | 1,544,014 | |||||||||||||
| 17,355 | 36,045 | 13,751 | 1,897 | |||||||||||||
| 1,677 | 2,622 | 1,414 | 1,432 | |||||||||||||
| 82,848 | 108,917 | 123,685 | 71,305 | |||||||||||||
| 3,040 | 3,548 | 2,721 | 2,547 | |||||||||||||
|
|
||||||||||||||||
| 87,080,306 | 99,660,586 | 68,147,400 | 63,585,797 | |||||||||||||
|
|
||||||||||||||||
| 4,130 | 4,539 | 3,123 | 2,953 | |||||||||||||
| 293,603 | 5,333,952 | 2,116,908 | 4,053,417 | |||||||||||||
| 457,299 | 7,651,290 | 762,231 | 1,312,708 | |||||||||||||
| 40,737 | 18,835 | 14,258 | 38,950 | |||||||||||||
| 8,825 | 10,129 | 6,817 | 6,511 | |||||||||||||
| 6,646 | — | — | — | |||||||||||||
| 31,548 | 63,595 | 32,218 | 31,262 | |||||||||||||
|
|
||||||||||||||||
| 842,788 | 13,082,340 | 2,935,555 | 5,445,801 | |||||||||||||
|
|
||||||||||||||||
| $ | 86,237,518 | $ | 86,578,246 | $ | 65,211,845 | $ | 58,139,996 | |||||||||
|
|
||||||||||||||||
| $ | 78,832,478 | $ | 140,967,546 | $ | 71,400,102 | $ | 56,486,299 | |||||||||
| 567,189 | 2,691,714 | 1,097,936 | 182,153 | |||||||||||||
| (1,702,017 | ) | (48,080,056 | ) | (7,142,628 | ) | (2,563,401 | ) | |||||||||
| 8,539,868 | (9,000,958 | ) | (143,565 | ) | 4,034,945 | |||||||||||
|
|
||||||||||||||||
| $ | 86,237,518 | $ | 86,578,246 | $ | 65,211,845 | $ | 58,139,996 | |||||||||
|
|
||||||||||||||||
| 2,964,006 | 6,241,059 | 2,378,865 | 1,978,763 | |||||||||||||
|
|
||||||||||||||||
| $29.09 | $13.87 | $27.41 | $29.38 | |||||||||||||
|
|
||||||||||||||||
| $ | 298,867 | $ | 5,243,370 | $ | 2,112,219 | $ | 4,070,093 | |||||||||
| $ | 77,638,054 | $ | 101,732,535 | $ | 67,426,083 | $ | 57,918,987 | |||||||||
| $ | — | $ | 49,345 | $ | 455 | $ | — | |||||||||
| $ | 5,314 | $ | — | $ | — | $ | — | |||||||||
| See notes to financial statements | TIAA-CREF Life Funds § 2012 Semiannual Report | 75 |
| Statements of assets and liabilities (unaudited) |
TIAA-CREF Life Funds § June 30, 2012
| Stock Index Fund |
||||||
|
| ||||||
| ASSETS |
||||||
| Portfolio investments, at value†* |
$ | 196,262,503 | ||||
| Cash |
941,817 | |||||
| Receivable from securities transactions |
117,351 | |||||
| Receivable from Fund shares sold |
16,735 | |||||
| Receivable for delayed delivery securities |
— | |||||
| Due from affiliates |
3,818 | |||||
| Dividends and interest receivable |
281,521 | |||||
| Receivable for variation margin on open future contracts |
20,400 | |||||
| Other |
9,284 | |||||
|
| ||||||
| Total assets |
197,653,429 | |||||
|
| ||||||
| LIABILITIES |
||||||
| Management fees payable |
1,232 | |||||
| Payable for collateral for securities loaned |
4,563,556 | |||||
| Payable for securities transactions |
87,805 | |||||
| Payable for delayed delivery securities |
— | |||||
| Payable for Fund shares redeemed |
97,826 | |||||
| Due to affiliates |
20,128 | |||||
| Written options^ |
— | |||||
| Accrued expenses & other payables |
54,935 | |||||
|
| ||||||
| Total liabilities |
4,825,482 | |||||
|
| ||||||
| NET ASSETS |
$ | 192,827,947 | ||||
|
| ||||||
| NET ASSETS CONSIST OF: |
||||||
| Paid-in-capital |
$ | 166,907,783 | ||||
| Undistributed net investment income (loss) |
2,443,992 | |||||
| Accumulated net realized gain (loss) on total investments |
(2,136,065 | ) | ||||
| Net unrealized appreciation (depreciation) on total investments |
25,612,237 | |||||
|
| ||||||
| NET ASSETS |
$ | 192,827,947 | ||||
|
| ||||||
| Outstanding shares of beneficial interest, |
6,344,579 | |||||
|
| ||||||
| Net asset value per share |
$30.39 | |||||
|
| ||||||
| † Includes securities loaned of |
$ | 4,551,522 | ||||
| * Portfolio investments, cost |
$ | 170,670,880 | ||||
| ^ Written options premiums |
$ | — | ||||
| 76 | 2012 Semiannual Report § TIAA-CREF Life Funds | See notes to financial statements |
| concluded |
| Social Choice Fund |
Real Estate Fund |
Bond Fund |
Money Fund |
|||||||||||||
|
|
||||||||||||||||
| $ | 40,023,503 | $ | 90,938,393 | $ | 173,683,750 | $ | 57,904,193 | |||||||||
| 318,630 | 333,876 | 313,255 | 538,462 | |||||||||||||
| 143,431 | 610,076 | 5,103,327 | — | |||||||||||||
| 11,878 | 456,700 | 1,294 | 982,518 | |||||||||||||
| — | — | 1,755,484 | — | |||||||||||||
| 1,099 | 1,415 | 3,340 | 2,162 | |||||||||||||
| 71,105 | 210,146 | 1,274,017 | 20,775 | |||||||||||||
| — | — | — | — | |||||||||||||
| 2,152 | 2,886 | 4,546 | 3,156 | |||||||||||||
|
|
||||||||||||||||
| 40,571,798 | 92,553,492 | 182,139,013 | 59,451,266 | |||||||||||||
|
|
||||||||||||||||
| 643 | 4,879 | 5,609 | 635 | |||||||||||||
| — | — | — | — | |||||||||||||
| 207,776 | — | 9,451,267 | — | |||||||||||||
| — | — | 1,724,483 | — | |||||||||||||
| 8,975 | 24,241 | 894 | 727,010 | |||||||||||||
| 4,151 | 8,331 | 15,490 | 5,234 | |||||||||||||
| — | 12,000 | — | — | |||||||||||||
| 28,147 | 35,794 | 56,755 | 39,389 | |||||||||||||
|
|
||||||||||||||||
| 249,692 | 85,245 | 11,254,498 | 772,268 | |||||||||||||
|
|
||||||||||||||||
| $ | 40,322,106 | $ | 92,468,247 | $ | 170,884,515 | $ | 58,678,998 | |||||||||
|
|
||||||||||||||||
| $ | 37,774,431 | $ | 88,889,294 | $ | 160,975,656 | $ | 58,677,114 | |||||||||
| 575,235 | 1,168,287 | 2,558,207 | 1,957 | |||||||||||||
| (1,541,043 | ) | (11,576,556 | ) | 1,818,415 | (73 | ) | ||||||||||
| 3,513,483 | 13,987,222 | 5,532,237 | — | |||||||||||||
|
|
||||||||||||||||
| $ | 40,322,106 | $ | 92,468,247 | $ | 170,884,515 | $ | 58,678,998 | |||||||||
|
|
||||||||||||||||
| 1,542,263 | 3,190,361 | 6,461,305 | 58,677,115 | |||||||||||||
|
|
||||||||||||||||
| $26.14 | $28.98 | $26.45 | $1.00 | |||||||||||||
|
|
||||||||||||||||
| $ | — | $ | — | $ | — | $ | — | |||||||||
| $ | 36,510,020 | $ | 76,951,571 | $ | 168,151,513 | $ |
57,904,193 |
| ||||||||
| $ | — | $ | 12,400 | $ | — | $ | — | |||||||||
| See notes to financial statements | TIAA-CREF Life Funds § 2012 Semiannual Report | 77 |
| Statements of operations (unaudited) |
TIAA-CREF Life Funds § For the period ended June 30, 2012
| Growth Equity Fund |
||||||
|
| ||||||
| INVESTMENT INCOME |
||||||
| Dividends* |
$ | 198,906 | ||||
| Interest |
14 | |||||
| Income from securities lending |
2,479 | |||||
|
| ||||||
| Total income |
201,399 | |||||
|
| ||||||
| EXPENSES |
||||||
| Management fees |
100,943 | |||||
| Fund administration fees |
17,123 | |||||
| Custody and accounting fees |
9,917 | |||||
| Professional fees |
18,196 | |||||
| Shareholder reports |
4,256 | |||||
| Shareholder servicing |
1,173 | |||||
| Trustee fees and expenses |
328 | |||||
| Compliance fees |
9,397 | |||||
| Interest expense |
106 | |||||
| Other expenses |
3,469 | |||||
|
| ||||||
| Total expenses |
164,908 | |||||
| Less: Expenses reimbursed by the investment advisor |
(48,157 | ) | ||||
|
| ||||||
| Net expenses |
116,751 | |||||
|
| ||||||
| Net investment income (loss) |
84,648 | |||||
|
| ||||||
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON TOTAL INVESTMENTS |
||||||
| Realized gain (loss): |
||||||
| Portfolio investments |
2,532,708 | |||||
| Futures transactions |
— | |||||
| Written options |
— | |||||
| Foreign currency transactions |
295 | |||||
|
| ||||||
| Net realized gain (loss) on total investments |
2,533,003 | |||||
|
| ||||||
| Change in unrealized appreciation (depreciation) on: |
||||||
| Portfolio investments |
1,197,986 | |||||
| Written options |
— | |||||
| Translation of assets (other than portfolio investments) and |
(146 | ) | ||||
|
| ||||||
| Net change in unrealized appreciation (depreciation) on total investments |
1,197,840 | |||||
|
| ||||||
| Net realized and unrealized gain (loss) on total investments |
3,730,843 | |||||
|
| ||||||
| Net increase (decrease) in net assets from operations |
$ | 3,815,491 | ||||
|
| ||||||
| * Net of foreign withholding taxes of |
$ | 4,271 | ||||
| 78 | 2012 Semiannual Report § TIAA-CREF Life Funds | See notes to financial statements |
| Growth & Fund |
International Fund |
Large-Cap Fund |
Small-Cap Fund |
|||||||||||||
|
|
||||||||||||||||
| $ | 731,133 | $ | 1,702,404 | $ | 767,236 | $ | 339,986 | |||||||||
| 47 | 52 | 33 | 6 | |||||||||||||
| 3,963 | 66,869 | 8,209 | 19,470 | |||||||||||||
|
|
||||||||||||||||
| 735,143 | 1,769,325 | 775,478 | 359,462 | |||||||||||||
|
|
||||||||||||||||
| 189,046 | 222,891 | 146,069 | 142,536 | |||||||||||||
| 31,954 | 32,496 | 24,517 | 22,459 | |||||||||||||
| 12,466 | 35,155 | 14,128 | 14,088 | |||||||||||||
| 18,885 | 25,226 | 19,008 | 19,341 | |||||||||||||
| 6,462 | 7,622 | 6,476 | 7,088 | |||||||||||||
| 1,520 | 1,402 | 1,188 | 1,184 | |||||||||||||
| 573 | 593 | 402 | 379 | |||||||||||||
| 17,367 | 18,075 | 13,376 | 12,295 | |||||||||||||
| 27 | 203 | 47 | 71 | |||||||||||||
| 13,485 | 20,076 | 3,723 | 3,321 | |||||||||||||
|
|
||||||||||||||||
| 291,785 | 363,739 | 228,934 | 222,762 | |||||||||||||
| (73,305 | ) | (96,066 | ) | (60,096 | ) | (59,368 | ) | |||||||||
|
|
||||||||||||||||
| 218,480 | 267,673 | 168,838 | 163,394 | |||||||||||||
|
|
||||||||||||||||
| 516,663 | 1,501,652 | 606,640 | 196,068 | |||||||||||||
|
|
||||||||||||||||
| 3,528,897 | 975,263 | 3,458,597 | 867,990 | |||||||||||||
| — | — | — | 727 | |||||||||||||
| 600 | — | — | — | |||||||||||||
| 426 | (60,806 | ) | (119 | ) | — | |||||||||||
|
|
||||||||||||||||
| 3,529,923 | 914,457 | 3,458,478 | 868,717 | |||||||||||||
|
|
||||||||||||||||
| 3,349,638 | 4,048,311 | 1,982,807 | 2,935,897 | |||||||||||||
| (1,332 | ) | — | — | — | ||||||||||||
| (10 | ) | 1,698 | (2 | ) | — | |||||||||||
|
|
||||||||||||||||
| 3,348,296 | 4,050,009 | 1,982,805 | 2,935,897 | |||||||||||||
|
|
||||||||||||||||
| 6,878,219 | 4,964,466 | 5,441,283 | 3,804,614 | |||||||||||||
|
|
||||||||||||||||
| $ | 7,394,882 | $ | 6,466,118 | $ | 6,047,923 | $ | 4,000,682 | |||||||||
|
|
||||||||||||||||
| $ | 6,039 | $ | 111,539 | $ | 6,407 | $ | 23 | |||||||||
| See notes to financial statements | TIAA-CREF Life Funds § 2012 Semiannual Report | 79 |
| Statements of operations (unaudited) |
TIAA-CREF Life Funds § For the period ended June 30, 2012
| Stock Index Fund |
||||||
|
| ||||||
| INVESTMENT INCOME |
||||||
| Dividends* |
$ | 1,950,408 | ||||
| Interest |
8 | |||||
| Income from securities lending |
49,436 | |||||
|
| ||||||
| Total income |
1,999,852 | |||||
|
| ||||||
| EXPENSES |
||||||
| Management fees |
57,388 | |||||
| Fund administration fees |
73,145 | |||||
| Custody and accounting fees |
33,498 | |||||
| Professional fees |
21,472 | |||||
| Shareholder reports |
14,431 | |||||
| Shareholder servicing |
1,277 | |||||
| Trustee fees and expenses |
1,345 | |||||
| Compliance fees |
39,691 | |||||
| Interest expense |
154 | |||||
| Other expenses |
4,875 | |||||
|
| ||||||
| Total expenses |
247,276 | |||||
| Less: Expenses reimbursed by the investment advisor |
(161,040 | ) | ||||
|
| ||||||
| Net expenses |
86,236 | |||||
|
| ||||||
| Net investment income (loss) |
1,913,616 | |||||
|
| ||||||
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON TOTAL INVESTMENTS |
||||||
| Realized gain (loss): |
||||||
| Portfolio investments |
1,921,120 | |||||
| Futures transactions |
36,314 | |||||
| Written options |
— | |||||
| Foreign currency transactions |
19 | |||||
|
| ||||||
| Net realized gain (loss) on total investments |
1,957,453 | |||||
|
| ||||||
| Change in unrealized appreciation (depreciation) on: |
||||||
| Portfolio investments |
12,900,106 | |||||
| Futures transactions |
19,209 | |||||
| Written options |
— | |||||
|
| ||||||
| Net change in unrealized appreciation (depreciation)on total investments |
12,919,315 | |||||
|
| ||||||
| Net realized and unrealized gain (loss) on total investments |
14,876,768 | |||||
|
| ||||||
| Net increase (decrease) in net assets from operations |
$ | 16,790,384 | ||||
|
| ||||||
| * Net of foreign withholding taxes of |
$ | 1,064 | ||||
| 80 | 2012 Semiannual Report § TIAA-CREF Life Funds | See notes to financial statements |
| concluded |
| Social Choice Equity Fund |
Real Estate Fund |
Bond Fund |
Money Market Fund |
|||||||||||||
|
|
||||||||||||||||
| $ | 425,510 | $ | 1,055,274 | $ | — | $ | — | |||||||||
| 11 | 83 | 2,847,018 | 46,857 | |||||||||||||
| — | — | — | — | |||||||||||||
|
|
||||||||||||||||
| 425,521 | 1,055,357 | 2,847,018 | 46,857 | |||||||||||||
|
|
||||||||||||||||
| 29,828 | 213,860 | 243,998 | 28,947 | |||||||||||||
| 12,263 | 31,586 | 61,145 | 19,069 | |||||||||||||
| 10,115 | 7,508 | 46,964 | 21,837 | |||||||||||||
| 18,336 | 22,000 | 24,667 | 22,162 | |||||||||||||
| 1,167 | 10,448 | 18,828 | 2,100 | |||||||||||||
| 1,361 | 1,200 | 2,689 | 808 | |||||||||||||
| 285 | 588 | 1,102 | 418 | |||||||||||||
| 8,293 | 17,216 | 33,249 | 12,023 | |||||||||||||
| 8 | 24 | 230 | 16 | |||||||||||||
| 4,136 | 3,569 | 4,269 | 2,679 | |||||||||||||
|
|
||||||||||||||||
| 85,792 | 307,999 | 437,141 | 110,059 | |||||||||||||
| (42,037 | ) | (64,175 | ) | (152,246 | ) | (67,055 | ) | |||||||||
|
|
||||||||||||||||
| 43,755 | 243,824 | 284,895 | 43,004 | |||||||||||||
|
|
||||||||||||||||
| 381,766 | 811,533 | 2,562,123 | 3,853 | |||||||||||||
|
|
||||||||||||||||
| 764,428 | 3,456,840 | 1,581,760 | (73 | ) | ||||||||||||
| — | — | — | — | |||||||||||||
| — | 60,165 | — | — | |||||||||||||
| — | (235 | ) | — | — | ||||||||||||
|
|
||||||||||||||||
| 764,428 | 3,516,770 | 1,581,760 | (73 | ) | ||||||||||||
|
|
||||||||||||||||
| 1,189,261 | 8,460,378 | 1,175,013 | — | |||||||||||||
| — | — | — | — | |||||||||||||
| — | 400 | — | — | |||||||||||||
|
|
||||||||||||||||
| 1,189,261 | 8,460,778 | 1,175,013 | — | |||||||||||||
|
|
||||||||||||||||
| 1,953,689 | 11,977,548 | 2,756,773 | (73 | ) | ||||||||||||
|
|
||||||||||||||||
| $ | 2,335,455 | $ | 12,789,081 | $ | 5,318,896 | $ | 3,780 | |||||||||
|
|
||||||||||||||||
| $ | 530 | $ | 462 | $ | — | $ | — | |||||||||
| See notes to financial statements | TIAA-CREF Life Funds § 2012 Semiannual Report | 81 |
| Statements of changes in net assets |
TIAA-CREF Life Funds § For the period or year ended
| Growth Equity Fund | ||||||||||
| June 30, 2012 | December 31, 2011 | |||||||||
|
| ||||||||||
| (unaudited) | ||||||||||
| OPERATIONS |
||||||||||
| Net investment income (loss) |
$ | 84,648 | $ | 117,661 | ||||||
| Net realized gain (loss) on total investments |
2,533,003 | 1,852,553 | ||||||||
| Net change in unrealized appreciation (depreciation) on total investments |
1,197,840 | (1,539,939 | ) | |||||||
|
| ||||||||||
| Net increase (decrease) in net assets from operations |
3,815,491 | 430,275 | ||||||||
|
| ||||||||||
| DISTRIBUTION TO SHAREHOLDERS |
||||||||||
| From net investment income |
— | (114,292 | ) | |||||||
|
| ||||||||||
| Total distributions |
— | (114,292 | ) | |||||||
|
| ||||||||||
| SHAREHOLDER TRANSACTIONS |
||||||||||
| Subscriptions |
2,905,326 | 8,839,290 | ||||||||
| Reinvestments of distributions |
— | 114,292 | ||||||||
| Redemptions |
(3,469,224 | ) | (5,871,342 | ) | ||||||
|
| ||||||||||
| Net increase (decrease) from shareholder transactions |
(563,898 | ) | 3,082,240 | |||||||
|
| ||||||||||
| Net increase (decrease) in net assets |
3,251,593 | 3,398,223 | ||||||||
| NET ASSETS |
||||||||||
| Beginning of period |
40,950,295 | 37,552,072 | ||||||||
|
| ||||||||||
| End of period |
$ | 44,201,888 | $ | 40,950,295 | ||||||
|
| ||||||||||
| Undistributed net investment income (loss) included in net assets |
$ | 90,070 | $ | 5,422 | ||||||
|
| ||||||||||
| CHANGE IN FUND SHARES |
||||||||||
| Shares sold |
161,572 | 522,325 | ||||||||
| Shares reinvested |
— | 7,184 | ||||||||
| Shares redeemed |
(193,822 | ) | (356,422 | ) | ||||||
|
| ||||||||||
| Net increase (decrease) from shareholder transactions |
(32,250 | ) | 173,087 | |||||||
|
| ||||||||||
| 82 | 2012 Semiannual Report § TIAA-CREF Life Funds | See notes to financial statements |
| continued |
| Growth & Income Fund | International Equity Fund | |||||||||||||||
| June 30, 2012 | December 31, 2011 | June 30, 2012 | December 31, 2011 | |||||||||||||
|
|
||||||||||||||||
| (unaudited) | (unaudited) | |||||||||||||||
| $ | 516,663 | $ | 825,401 | $ | 1,501,652 | $ | 1,775,017 | |||||||||
| 3,529,923 | 3,437,911 | 914,457 | 2,467,555 | |||||||||||||
|
|
3,348,296 |
|
(2,235,335 | ) | 4,050,009 | (30,192,289 | ) | |||||||||
|
|
||||||||||||||||
| 7,394,882 | 2,027,977 | 6,466,118 | (25,949,717 | ) | ||||||||||||
|
|
||||||||||||||||
| — | (832,617 | ) | — | (1,625,943 | ) | |||||||||||
|
|
||||||||||||||||
| — | (832,617 | ) | — | (1,625,943 | ) | |||||||||||
|
|
||||||||||||||||
| 8,390,753 | 12,634,857 | 4,830,363 | 9,639,161 | |||||||||||||
| — | 832,617 | — | 1,625,943 | |||||||||||||
| (5,788,452 | ) | (10,451,624 | ) | (5,992,817 | ) | (14,146,497 | ) | |||||||||
|
|
||||||||||||||||
| 2,602,301 | 3,015,850 | (1,162,454 | ) | (2,881,393 | ) | |||||||||||
|
|
||||||||||||||||
| 9,997,183 | 4,211,210 | 5,303,664 | (30,457,053 | ) | ||||||||||||
| 76,240,335 | 72,029,125 | 81,274,582 | 111,731,635 | |||||||||||||
|
|
||||||||||||||||
| $ | 86,237,518 | $ | 76,240,335 | $ | 86,578,246 | $ | 81,274,582 | |||||||||
|
|
||||||||||||||||
| $ |
567,189 |
|
$ | 25,671 | $ | 2,691,714 | $ | 1,190,062 | ||||||||
|
|
||||||||||||||||
| 291,381 | 466,770 | 339,562 | 604,222 | |||||||||||||
| — | 32,347 | — | 131,762 | |||||||||||||
| (200,175 | ) | (389,351 | ) | (422,901 | ) | (892,601 | ) | |||||||||
|
|
||||||||||||||||
| 91,206 | 109,766 | (83,339 | ) | (156,617 | ) | |||||||||||
|
|
||||||||||||||||
| See notes to financial statements | TIAA-CREF Life Funds § 2012 Semiannual Report | 83 |
| Statements of changes in net assets |
TIAA-CREF Life Funds § For the period or year ended
| Large-Cap Value Fund | ||||||||||
| June 30, 2012 | December 31, 2011 | |||||||||
|
| ||||||||||
| (unaudited) | ||||||||||
| OPERATIONS |
||||||||||
| Net investment income (loss) |
$ | 606,640 | $ | 989,490 | ||||||
| Net realized gain (loss) on total investments |
3,458,478 | 1,708,804 | ||||||||
| Net change in unrealized appreciation (depreciation) on total investments |
1,982,805 | (6,547,301 | ) | |||||||
|
| ||||||||||
| Net increase (decrease) in net assets from operations |
6,047,923 | (3,849,007 | ) | |||||||
|
| ||||||||||
| DISTRIBUTION TO SHAREHOLDERS |
||||||||||
| From net investment income |
— | (976,416 | ) | |||||||
|
| ||||||||||
| Total distributions |
— | (976,416 | ) | |||||||
|
| ||||||||||
| SHAREHOLDER TRANSACTIONS |
||||||||||
| Subscriptions |
2,758,691 | 7,974,673 | ||||||||
| Reinvestments of distributions |
— | 976,416 | ||||||||
| Redemptions |
(4,035,285 | ) | (7,962,434 | ) | ||||||
|
| ||||||||||
| Net increase (decrease) from shareholder transactions |
(1,276,594 | ) | 988,655 | |||||||
|
| ||||||||||
| Net increase (decrease) in net assets |
4,771,329 | (3,836,768 | ) | |||||||
| NET ASSETS |
||||||||||
| Beginning of period |
60,440,516 | 64,277,284 | ||||||||
|
| ||||||||||
| End of period |
$ | 65,211,845 | $ | 60,440,516 | ||||||
|
| ||||||||||
| Undistributed net investment income (loss) included in net assets |
$ | 1,097,936 | $ | 491,296 | ||||||
|
| ||||||||||
| CHANGE IN FUND SHARES |
||||||||||
| Shares sold |
102,437 | 296,105 | ||||||||
| Shares reinvested |
— | 40,718 | ||||||||
| Shares redeemed |
(149,044 | ) | (295,970 | ) | ||||||
|
| ||||||||||
| Net increase (decrease) from shareholder transactions |
(46,607 | ) | 40,853 | |||||||
|
| ||||||||||
| 84 | 2012 Semiannual Report § TIAA-CREF Life Funds | See notes to financial statements |
| continued |
| Small-Cap Equity Fund | Stock Index Fund | |||||||||||||||
| June 30, 2012 | December 31, 2011 | June 30, 2012 | December 31, 2011 | |||||||||||||
|
|
||||||||||||||||
| (unaudited) | (unaudited) | |||||||||||||||
| $ | 196,068 | $ | 285,772 | $ | 1,913,616 | $ | 3,346,834 | |||||||||
| 868,717 | 4,813,977 | 1,957,453 | 2,962,017 | |||||||||||||
| 2,935,897 | (7,688,039 | ) | 12,919,315 | (4,535,390 | ) | |||||||||||
|
|
||||||||||||||||
| 4,000,682 | (2,588,290 | ) | 16,790,384 | 1,773,461 | ||||||||||||
|
|
||||||||||||||||
| — | (317,153 | ) | — | (3,369,120 | ) | |||||||||||
|
|
||||||||||||||||
| — | (317,153 | ) | — | (3,369,120 | ) | |||||||||||
|
|
||||||||||||||||
| 2,798,095 | 7,198,137 | 8,674,137 | 21,626,371 | |||||||||||||
| — | 317,153 | — | 3,369,120 | |||||||||||||
| (4,049,562 | ) | (9,654,008 | ) | (12,892,614 | ) | (20,417,777 | ) | |||||||||
|
|
||||||||||||||||
| (1,251,467 | ) | (2,138,718 | ) | (4,218,477 | ) | 4,577,714 | ||||||||||
|
|
||||||||||||||||
| 2,749,215 | (5,044,161 | ) | 12,571,907 | 2,982,055 | ||||||||||||
| 55,390,781 | 60,434,942 | 180,256,040 | 177,273,985 | |||||||||||||
|
|
||||||||||||||||
| $ | 58,139,996 | $ | 55,390,781 | $ | 192,827,947 | $ | 180,256,040 | |||||||||
|
|
||||||||||||||||
| $ |
182,153 |
|
$ | (13,915 | ) | $ | 2,443,992 | $ | 530,376 | |||||||
|
|
||||||||||||||||
| 94,625 | 243,509 | 288,866 | 759,475 | |||||||||||||
| — | 11,892 | — | 124,921 | |||||||||||||
| (138,735 | ) | (333,785 | ) | (426,242 | ) | (712,471 | ) | |||||||||
|
|
||||||||||||||||
| (44,110 | ) | (78,384 | ) | (137,376 | ) | 171,925 | ||||||||||
|
|
||||||||||||||||
| See notes to financial statements | TIAA-CREF Life Funds § 2012 Semiannual Report | 85 |
| Statements of changes in net assets |
TIAA-CREF Life Funds § For the period or year ended
| Social Choice Equity Fund | ||||||||||
| June 30, 2012 | December 31, 2011 | |||||||||
|
| ||||||||||
| (unaudited) | ||||||||||
| OPERATIONS |
||||||||||
| Net investment income (loss) |
$ | 381,766 | $ | 624,966 | ||||||
| Net realized gain (loss) on total investments |
764,428 | 474,579 | ||||||||
| Net change in unrealized appreciation (depreciation) on total investments |
1,189,261 | (1,152,690 | ) | |||||||
|
| ||||||||||
| Net increase (decrease) in net assets from operations |
2,335,455 | (53,145 | ) | |||||||
|
| ||||||||||
| DISTRIBUTION TO SHAREHOLDERS |
||||||||||
| From net investment income |
— | (650,978 | ) | |||||||
|
| ||||||||||
| Total distributions |
— | (650,978 | ) | |||||||
|
| ||||||||||
| SHAREHOLDER TRANSACTIONS |
||||||||||
| Subscriptions |
1,930,510 | 4,071,913 | ||||||||
| Reinvestments of distributions |
— | 650,978 | ||||||||
| Redemptions |
(1,239,105 | ) | (2,067,108 | ) | ||||||
|
| ||||||||||
| Net increase (decrease) from shareholder transactions |
691,405 | 2,655,783 | ||||||||
|
| ||||||||||
| Net increase in net assets |
3,026,860 | 1,951,660 | ||||||||
| NET ASSETS |
||||||||||
| Beginning of period |
37,295,246 | 35,343,586 | ||||||||
|
| ||||||||||
| End of period |
$ | 40,322,106 | $ | 37,295,246 | ||||||
|
| ||||||||||
| Undistributed net investment income (loss) included in net assets |
$ | 575,235 | $ | 161,033 | ||||||
|
| ||||||||||
| CHANGE IN FUND SHARES |
||||||||||
| Shares sold |
73,726 | 161,371 | ||||||||
| Shares reinvested |
— | 27,135 | ||||||||
| Shares redeemed |
(47,101 | ) | (82,526 | ) | ||||||
|
| ||||||||||
| Net increase (decrease) from shareholder transactions |
26,625 | 105,980 | ||||||||
|
| ||||||||||
| 86 | 2012 Semiannual Report § TIAA-CREF Life Funds | See notes to financial statements |
| continued |
| Real Estate Securities Fund | Bond Fund | |||||||||||||||
| June 30, 2012 | December 31, 2011 | June 30, 2012 | December 31, 2011 | |||||||||||||
|
|
||||||||||||||||
| (unaudited) | (unaudited) | |||||||||||||||
| $811,533 | $ | 1,185,530 | $ | 2,562,123 | $ | 4,974,524 | ||||||||||
| 3,516,770 | 4,153,301 | 1,581,760 | 1,687,847 | |||||||||||||
| 8,460,778 | (467,345 | ) | 1,175,013 | 2,293,361 | ||||||||||||
|
|
||||||||||||||||
| 12,789,081 | 4,871,486 | 5,318,896 | 8,955,732 | |||||||||||||
|
|
||||||||||||||||
| — | (967,504 | ) | — | (5,022,039 | ) | |||||||||||
|
|
||||||||||||||||
| — | (967,504 | ) | — | (5,022,039 | ) | |||||||||||
|
|
||||||||||||||||
| 4,834,862 | 10,383,740 | 12,243,846 | 20,921,306 | |||||||||||||
| — | 967,504 | — | 5,022,039 | |||||||||||||
| (4,690,297 | ) | (9,479,157 | ) | (4,814,379 | ) | (8,741,262 | ) | |||||||||
|
|
||||||||||||||||
| 144,565 | 1,872,087 | 7,429,467 | 17,202,083 | |||||||||||||
|
|
||||||||||||||||
| 12,933,646 | 5,776,069 | 12,748,363 | 21,135,776 | |||||||||||||
| 79,534,601 | 73,758,532 | 158,136,152 | 137,000,376 | |||||||||||||
|
|
||||||||||||||||
| $92,468,247 | $ | 79,534,601 | $ | 170,884,515 | $ | 158,136,152 | ||||||||||
|
|
||||||||||||||||
| $1,168,287 | $ | 356,754 | $ | 2,558,207 | $ | (3,916 | ) | |||||||||
|
|
||||||||||||||||
| 176,355 | 416,247 | 469,966 | 815,873 | |||||||||||||
| — | 40,229 | — | 196,557 | |||||||||||||
| (174,428 | ) | (383,982 | ) | (185,342 | ) | (342,322 | ) | |||||||||
|
|
||||||||||||||||
| 1,927 | 72,494 | 284,624 | 670,108 | |||||||||||||
|
|
||||||||||||||||
| See notes to financial statements | TIAA-CREF Life Funds § 2012 Semiannual Report | 87 |
| Statements of changes in net assets | concluded |
TIAA-CREF Life Funds § For the period or year ended
| Money Market Fund | ||||||||
| June 30, 2012 | December 31, 2011 | |||||||
|
|
||||||||
| (unaudited) | ||||||||
| OPERATIONS |
||||||||
| Net investment income (loss) |
$ | 3,853 | $ | 18,409 | ||||
| Net realized gain (loss) on total investments |
(73 | ) | 858 | |||||
| Net change in unrealized appreciation (depreciation) on total investments |
— | — | ||||||
|
|
||||||||
| Net increase (decrease) from operations |
3,780 | 19,267 | ||||||
|
|
||||||||
| DISTRIBUTION TO SHAREHOLDERS |
||||||||
| From net investment income |
(3,421 | ) | (18,409 | ) | ||||
|
|
||||||||
| Total distributions |
(3,421 | ) | (18,409 | ) | ||||
|
|
||||||||
| SHAREHOLDER TRANSACTIONS |
||||||||
| Subscriptions |
30,185,475 | 61,563,740 | ||||||
| Reinvestments of distributions |
3,421 | 18,409 | ||||||
| Redemptions |
(31,332,740 | ) | (63,526,559 | ) | ||||
|
|
||||||||
| Net increase (decrease) from shareholder transactions |
(1,143,844 | ) | (1,944,410 | ) | ||||
|
|
||||||||
| Net decrease in net assets |
(1,143,485 | ) | (1,943,552 | ) | ||||
| NET ASSETS |
||||||||
| Beginning of period |
59,822,483 | 61,766,035 | ||||||
|
|
||||||||
| End of period |
$ | 58,678,998 | $ | 59,822,483 | ||||
|
|
||||||||
| Undistributed net investment income (loss) included in net assets |
$ | 1,957 | $ | 1,525 | ||||
|
|
||||||||
| CHANGE IN FUND SHARES |
||||||||
| Shares sold |
30,185,475 | 61,563,740 | ||||||
| Shares reinvested |
3,421 | 18,409 | ||||||
| Shares redeemed |
(31,332,740 | ) | (63,526,559 | ) | ||||
|
|
||||||||
| Net increase (decrease) from shareholder transactions |
(1,143,844 | ) | (1,944,410 | ) | ||||
|
|
||||||||
| 88 | 2012 Semiannual Report § TIAA-CREF Life Funds | See notes to financial statements |
| Financial highlights |
TIAA-CREF Life Funds § For the period or year ended
| Growth Equity Fund | ||||||||||||||||||||||||
| 6/30/12 | 12/31/11 | 12/31/10 | 12/31/09 | 12/31/08 | 12/31/07 | |||||||||||||||||||
|
|
||||||||||||||||||||||||
| (unaudited) | ||||||||||||||||||||||||
| FOR A SHARE OUTSTANDING THROUGHOUT EACH PERIOD |
| |||||||||||||||||||||||
| Net asset value, beginning of period |
$ | 16.26 | $ | 16.01 | $ | 14.18 | $ | 10.55 | $ | 18.02 | $ | 14.91 | ||||||||||||
|
|
||||||||||||||||||||||||
| Gain (loss) from investment operations: |
| |||||||||||||||||||||||
| Net investment income (loss)(a) |
0.03 | 0.05 | 0.07 | 0.11 | 0.14 | 0.13 | ||||||||||||||||||
| Net realized and unrealized gain (loss) on total investments |
1.49 | 0.25 | 1.83 | 3.63 | (7.48 | ) | 3.10 | |||||||||||||||||
|
|
||||||||||||||||||||||||
| Total gain (loss) from investment operations |
1.52 | 0.30 | 1.90 | 3.74 | (7.34 | ) | 3.23 | |||||||||||||||||
|
|
||||||||||||||||||||||||
| Less distributions from: |
| |||||||||||||||||||||||
| Net investment income |
— | (0.05 | ) | (0.07 | ) | (0.11 | ) | (0.13 | ) | (0.12 | ) | |||||||||||||
|
|
||||||||||||||||||||||||
| Total distributions |
— | (0.05 | ) | (0.07 | ) | (0.11 | ) | (0.13 | ) | (0.12 | ) | |||||||||||||
|
|
||||||||||||||||||||||||
| Net asset value, end of period |
$ | 17.78 | $ | 16.26 | $ | 16.01 | $ | 14.18 | $ | 10.55 | $ | 18.02 | ||||||||||||
|
|
||||||||||||||||||||||||
| TOTAL RETURN |
9.35% | (b) | 1.85% | 13.42% | 35.47% | (40.71 | )% | 21.68% | ||||||||||||||||
| RATIOS AND SUPPLEMENTAL DATA |
| |||||||||||||||||||||||
| Net assets at end of period (in thousands) |
$ | 44,202 | $ | 40,950 | $ | 37,552 | $ | 36,230 | $ | 24,501 | $ | 42,376 | ||||||||||||
| Ratio of expenses to average net assets before expense reimbursement |
0.74% | (c) | 0.76% | 0.63% | 0.26% | 0.28% | 0.26% | |||||||||||||||||
| Ratio of expenses to average net assets after expense reimbursement |
0.52% | (c) | 0.52% | 0.43% | 0.26% | 0.28% | 0.26% | |||||||||||||||||
| Ratio of net investment income (loss) to average net assets |
0.38% | (c) | 0.29% | 0.48% | 0.98% | 0.98% | 0.81% | |||||||||||||||||
| Portfolio turnover rate |
81% | (b) | 136% | 208% | 257% | 253% | 154% | |||||||||||||||||
|
|
||||||||||||||||||||||||
| (a) | Based on average shares outstanding. |
| (b) | The percentages shown for this period are not annualized. |
| (c) | The percentages shown for this period are annualized. |
| See notes to financial statements | TIAA-CREF Life Funds § 2012 Semiannual Report | 89 |
| Financial highlights | continued |
TIAA-CREF Life Funds § For the period or year ended
| Growth & Income Fund | ||||||||||||||||||||||||
| 6/30/12 | 12/31/11 | 12/31/10 | 12/31/09 | 12/31/08 | 12/31/07 | |||||||||||||||||||
|
|
||||||||||||||||||||||||
| (unaudited) | ||||||||||||||||||||||||
| FOR A SHARE OUTSTANDING THROUGHOUT EACH PERIOD |
| |||||||||||||||||||||||
| Net asset value, beginning of period |
$ | 26.54 | $ | 26.07 | $ | 23.27 | $ | 18.50 | $ | 29.06 | $ | 24.82 | ||||||||||||
|
|
||||||||||||||||||||||||
| Gain (loss) from investment operations: |
| |||||||||||||||||||||||
| Net investment income (loss) (a) |
0.18 | 0.29 | 0.30 | 0.36 | 0.46 | 0.43 | ||||||||||||||||||
| Net realized and unrealized gain (loss) on total investments |
2.37 | 0.47 | 2.82 | 4.77 | (10.58 | ) | 4.21 | |||||||||||||||||
|
|
||||||||||||||||||||||||
| Total gain (loss) from investment operations |
2.55 | 0.76 | 3.12 | 5.13 | (10.12 | ) | 4.64 | |||||||||||||||||
|
|
||||||||||||||||||||||||
| Less distributions from: |
| |||||||||||||||||||||||
| Net investment income |
— | (0.29 | ) | (0.32 | ) | (0.36 | ) | (0.44 | ) | (0.40 | ) | |||||||||||||
|
|
||||||||||||||||||||||||
| Total distributions |
— | (0.29 | ) | (0.32 | ) | (0.36 | ) | (0.44 | ) | (0.40 | ) | |||||||||||||
|
|
||||||||||||||||||||||||
| Net asset value, end of period |
$ | 29.09 | $ | 26.54 | $ | 26.07 | $ | 23.27 | $ | 18.50 | $ | 29.06 | ||||||||||||
|
|
||||||||||||||||||||||||
| TOTAL RETURN |
9.61% | (b) | 2.96% | 13.41% | 27.76% | (34.80 | )% | 18.68% | ||||||||||||||||
| RATIOS AND SUPPLEMENTAL DATA |
| |||||||||||||||||||||||
| Net assets at end of period (in thousands) |
$ | 86,238 | $ | 76,240 | $ | 72,029 | $ | 65,719 | $ | 53,235 | $ | 83,834 | ||||||||||||
| Ratio of expenses to average net assets before expense reimbursement |
0.69% | (c) | 0.70% | 0.56% | 0.23% | 0.23% | 0.24% | |||||||||||||||||
| Ratio of expenses to average net assets after expense reimbursement |
0.52% | (c) | 0.52% | 0.42% | 0.23% | 0.23% | 0.24% | |||||||||||||||||
| Ratio of net investment income (loss) to average net assets |
1.23% | (c) | 1.09% | 1.26% | 1.77% | 1.87% | 1.56% | |||||||||||||||||
| Portfolio turnover rate |
56% | (b) | 109% | 138% | 141% | 135% | 88% | |||||||||||||||||
|
|
||||||||||||||||||||||||
| (a) | Based on average shares outstanding. |
| (b) | The percentages shown for this period are not annualized. |
| (c) | The percentages shown for this period are annualized. |
| 90 | 2012 Semiannual Report § TIAA-CREF Life Funds | See notes to financial statements |
| Financial highlights | continued |
TIAA-CREF Life Funds § For the period or year ended
| International Equity Fund | ||||||||||||||||||||||||
| 6/30/12 | 12/31/11 | 12/31/10 | 12/31/09 | 12/31/08 | 12/31/07 | |||||||||||||||||||
|
|
||||||||||||||||||||||||
| (unaudited) | ||||||||||||||||||||||||
| FOR A SHARE OUTSTANDING THROUGHOUT EACH PERIOD |
| |||||||||||||||||||||||
| Net asset value, beginning of period |
$ | 12.85 | $ | 17.24 | $ | 14.58 | $ | 11.43 | $ | 24.02 | $ | 25.01 | ||||||||||||
|
|
||||||||||||||||||||||||
| Gain (loss) from investment operations: |
| |||||||||||||||||||||||
| Net investment income (loss) (a) |
0.24 | 0.28 | 0.19 | 0.22 | 0.51 | 0.42 | ||||||||||||||||||
| Net realized and unrealized gain (loss) on total investments |
0.78 | (4.41 | ) | 2.67 | 3.40 | (12.53 | ) | 4.26 | ||||||||||||||||
|
|
||||||||||||||||||||||||
| Total gain (loss) from investment operations |
1.02 | (4.13 | ) | 2.86 | 3.62 | (12.02 | ) | 4.68 | ||||||||||||||||
|
|
||||||||||||||||||||||||
| Less distributions from: |
| |||||||||||||||||||||||
| Net investment income |
— | (0.26 | ) | (0.20 | ) | (0.47 | ) | (0.01 | ) | (0.53 | ) | |||||||||||||
| Net realized gains |
— | — | — | — | (0.56 | ) | (5.14 | ) | ||||||||||||||||
|
|
||||||||||||||||||||||||
| Total distributions |
— | (0.26 | ) | (0.20 | ) | (0.47 | ) | (0.57 | ) | (5.67 | ) | |||||||||||||
|
|
||||||||||||||||||||||||
| Net asset value, end of period |
$ | 13.87 | $ | 12.85 | $ | 17.24 | $ | 14.58 | $ | 11.43 | $ | 24.02 | ||||||||||||
|
|
||||||||||||||||||||||||
| TOTAL RETURN |
7.94% | (b) | (23.88 | )% | 19.63% | 31.74% | (50.00 | )% | 19.34% | |||||||||||||||
| RATIOS AND SUPPLEMENTAL DATA |
| |||||||||||||||||||||||
| Net assets at end of period (in thousands) |
$ | 86,578 | $ | 81,275 | $ | 111,732 | $ | 94,015 | $ | 68,240 | $ | 160,045 | ||||||||||||
| Ratio of expenses to average net assets before expense reimbursement |
0.82% | (c) | 0.81% | 0.65% | 0.30% | 0.32% | 0.33% | |||||||||||||||||
| Ratio of expenses to average net assets after expense reimbursement |
0.60% | (c) | 0.60% | 0.50% | 0.30% | 0.32% | 0.33% | |||||||||||||||||
| Ratio of net investment income (loss) to average net assets |
3.37% | (c) | 1.77% | 1.30% | 1.78% | 2.79% | 1.51% | |||||||||||||||||
| Portfolio turnover rate |
54% | (b) | 108% | 117% | 116% | 185% | 190% | |||||||||||||||||
|
|
||||||||||||||||||||||||
| (a) | Based on average shares outstanding. |
| (b) | The percentages shown for this period are not annualized. |
| (c) | The percentages shown for this period are annualized. |
| See notes to financial statements | TIAA-CREF Life Funds § 2012 Semiannual Report | 91 |
| Financial highlights | continued |
TIAA-CREF Life Funds § For the period or year ended
| Large-Cap Value Fund | ||||||||||||||||||||||||
| 6/30/12 | 12/31/11 | 12/31/10 | 12/31/09 | 12/31/08 | 12/31/07 | |||||||||||||||||||
|
|
||||||||||||||||||||||||
| (unaudited) | ||||||||||||||||||||||||
| FOR A SHARE OUTSTANDING THROUGHOUT EACH PERIOD |
| |||||||||||||||||||||||
| Net asset value, beginning of period |
$ | 24.92 | $ | 26.95 | $ | 23.11 | $ | 17.87 | $ | 31.30 | $ | 36.02 | ||||||||||||
|
|
||||||||||||||||||||||||
| Gain (loss) from investment operations: |
| |||||||||||||||||||||||
| Net investment income (loss) (a) |
0.25 | 0.41 | 0.37 | 0.42 | 0.66 | 0.71 | ||||||||||||||||||
| Net realized and unrealized gain (loss) on total investments |
2.24 | (2.03 | ) | 3.87 | 5.20 | (13.42 | ) | (0.34 | ) | |||||||||||||||
|
|
||||||||||||||||||||||||
| Total gain (loss) from investment operations |
2.49 | (1.62 | ) | 4.24 | 5.62 | (12.76 | ) | 0.37 | ||||||||||||||||
|
|
||||||||||||||||||||||||
| Less distributions from: |
||||||||||||||||||||||||
| Net investment income |
— | (0.41 | ) | (0.40 | ) | (0.38 | ) | (0.43 | ) | (0.76 | ) | |||||||||||||
| Net realized gains |
— | — | — | — | (0.24 | ) | (4.33 | ) | ||||||||||||||||
|
|
||||||||||||||||||||||||
| Total distributions |
— | (0.41 | ) | (0.40 | ) | (0.38 | ) | (0.67 | ) | (5.09 | ) | |||||||||||||
|
|
||||||||||||||||||||||||
| Net asset value, end of period |
$ | 27.41 | $ | 24.92 | $ | 26.95 | $ | 23.11 | $ | 17.87 | $ | 31.30 | ||||||||||||
|
|
||||||||||||||||||||||||
| TOTAL RETURN |
9.99% | (b) | (5.95 | )% | 18.36% | 31.45% | (40.74 | )% | 0.91% | |||||||||||||||
| RATIOS AND SUPPLEMENTAL DATA |
| |||||||||||||||||||||||
| Net assets at end of period (in thousands) |
$ | 65,212 | $ | 60,441 | $ | 64,277 | $ | 54,447 | $ | 40,302 | $ | 71,350 | ||||||||||||
| Ratio of expenses to average net assets before expense reimbursement |
0.71% | (c) | 0.71% | 0.59% | 0.25% | 0.26% | 0.27% | |||||||||||||||||
| Ratio of expenses to average net assets after expense reimbursement |
0.52% | (c) | 0.52% | 0.43% | 0.25% | 0.26% | 0.27% | |||||||||||||||||
| Ratio of net investment income (loss) to average net assets |
1.87% | (c) | 1.56% | 1.52% | 2.12% | 2.60% | 1.88% | |||||||||||||||||
| Portfolio turnover rate |
46% | (b) | 80% | 102% | 149% | 172% | 133% | |||||||||||||||||
|
|
||||||||||||||||||||||||
| (a) | Based on average shares outstanding. |
| (b) | The percentages shown for this period are not annualized. |
| (c) | The percentages shown for this period are annualized. |
| 92 | 2012 Semiannual Report § TIAA-CREF Life Funds | See notes to financial statements |
| Financial highlights | continued |
TIAA-CREF Life Funds § For the period or year ended
| Small-Cap Equity Fund | ||||||||||||||||||||||||
| 6/30/12 | 12/31/11 | 12/31/10 | 12/31/09 | 12/31/08 | 12/31/07 | |||||||||||||||||||
|
|
||||||||||||||||||||||||
| (unaudited) | ||||||||||||||||||||||||
| FOR A SHARE OUTSTANDING THROUGHOUT EACH PERIOD |
| |||||||||||||||||||||||
| Net asset value, beginning of period |
$ | 27.38 | $ | 28.76 | $ | 22.70 | $ | 17.99 | $ | 27.17 | $ | 32.12 | ||||||||||||
|
|
||||||||||||||||||||||||
| Gain (loss) from investment operations: |
| |||||||||||||||||||||||
| Net investment income (loss) (a) |
0.10 | 0.14 | 0.19 | 0.25 | 0.34 | 0.37 | ||||||||||||||||||
| Net realized and unrealized gain (loss) on total investments |
1.90 | (1.36 | ) | 6.06 | 4.74 | (9.16 | ) | (2.10 | ) | |||||||||||||||
|
|
||||||||||||||||||||||||
| Total gain (loss) from investment operations |
2.00 | (1.22 | ) | 6.25 | 4.99 | (8.82 | ) | (1.73 | ) | |||||||||||||||
|
|
||||||||||||||||||||||||
| Less distributions from: |
| |||||||||||||||||||||||
| Net investment income |
— | (0.16 | ) | (0.19 | ) | (0.28 | ) | (0.36 | ) | (0.44 | ) | |||||||||||||
| Net realized gains |
— | — | — | — | — | (2.69 | ) | |||||||||||||||||
| Return of Capital |
— | — | — | — | — | (0.09 | ) | |||||||||||||||||
|
|
||||||||||||||||||||||||
| Total distributions |
— | (0.16 | ) | (0.19 | ) | (0.28 | ) | (0.36 | ) | (3.22 | ) | |||||||||||||
|
|
||||||||||||||||||||||||
| Net asset value, end of period |
$ | 29.38 | $ | 27.38 | $ | 28.76 | $ | 22.70 | $ | 17.99 | $ | 27.17 | ||||||||||||
|
|
||||||||||||||||||||||||
| TOTAL RETURN |
7.30% | (b) | (4.23 | )% | 27.55% | 27.75% | (32.42 | )% | (5.62 | )% | ||||||||||||||
| RATIOS AND SUPPLEMENTAL DATA |
| |||||||||||||||||||||||
| Net assets at end of period (in thousands) |
$ | 58,140 | $ | 55,391 | $ | 60,435 | $ | 42,921 | $ | 34,609 | $ | 51,868 | ||||||||||||
| Ratio of expenses to average net assets before expense reimbursement |
0.75% | (c) | 0.76% | 0.58% | 0.11% | 0.11% | 0.11% | |||||||||||||||||
| Ratio of expenses to average net assets after expense reimbursement |
0.55% | (c) | 0.55% | 0.41% | 0.11% | 0.11% | 0.11% | |||||||||||||||||
| Ratio of net investment income (loss) to average net assets |
0.66% | (c) | 0.48% | 0.75% | 1.33% | 1.45% | 1.13% | |||||||||||||||||
| Portfolio turnover rate |
60% | (b) | 100% | 98% | 107% | 123% | 135% | |||||||||||||||||
|
|
||||||||||||||||||||||||
| (a) | Based on average shares outstanding. |
| (b) | The percentages shown for this period are not annualized. |
| (c) | The percentages shown for this period are annualized. |
| See notes to financial statements | TIAA-CREF Life Funds § 2012 Semiannual Report | 93 |
| Financial highlights | continued |
TIAA-CREF Life Funds § For the period or year ended
| Stock Index Fund | ||||||||||||||||||||||||
| 6/30/12 | 12/31/11 | 12/31/10 | 12/31/09 | 12/31/08 | 12/31/07 | |||||||||||||||||||
|
|
||||||||||||||||||||||||
| (unaudited) | ||||||||||||||||||||||||
| FOR A SHARE OUTSTANDING THROUGHOUT EACH PERIOD |
|
|||||||||||||||||||||||
| Net asset value, beginning of period |
$ | 27.81 | $ | 28.09 | $ | 24.46 | $ | 19.39 | $ | 31.70 | $ | 30.94 | ||||||||||||
|
|
||||||||||||||||||||||||
| Gain (loss) from investment operations: |
|
|||||||||||||||||||||||
| Net investment income (loss) (a) |
0.30 | 0.53 | 0.47 | 0.44 | 0.58 | 0.59 | ||||||||||||||||||
| Net realized and unrealized gain (loss) on total investments |
2.28 | (0.28 | ) | 3.63 | 5.05 | (12.34 | ) | 1.02 | ||||||||||||||||
|
|
||||||||||||||||||||||||
| Total gain (loss) from investment operations |
2.58 | 0.25 | 4.10 | 5.49 | (11.76 | ) | 1.61 | |||||||||||||||||
|
|
||||||||||||||||||||||||
| Less distributions from: |
||||||||||||||||||||||||
| Net investment income |
— | (0.53 | ) | (0.47 | ) | (0.42 | ) | (0.51 | ) | (0.60 | ) | |||||||||||||
| Net realized gains |
— | — | — | — | (0.04 | ) | (0.25 | ) | ||||||||||||||||
|
|
||||||||||||||||||||||||
| Total distributions |
— | (0.53 | ) | (0.47 | ) | (0.42 | ) | (0.55 | ) | (0.85 | ) | |||||||||||||
|
|
||||||||||||||||||||||||
| Net asset value, end of period |
$ | 30.39 | $ | 27.81 | $ | 28.09 | $ | 24.46 | $ | 19.39 | $ | 31.70 | ||||||||||||
|
|
||||||||||||||||||||||||
| TOTAL RETURN |
9.28% | (b) | 0.95% | 16.79% | 28.36% | (37.08 | )% | 5.16% | ||||||||||||||||
| RATIOS AND SUPPLEMENTAL DATA |
| |||||||||||||||||||||||
| Net assets at end of period (in thousands) |
$ | 192,828 | $ | 180,256 | $ | 177,274 | $ | 152,314 | $ | 112,938 | $ | 184,339 | ||||||||||||
| Ratio of expenses to average net assets before expense reimbursement |
0.26% | (c) | 0.26% | 0.21% | 0.06% | 0.06% | 0.06% | |||||||||||||||||
| Ratio of expenses to average net assets after expense reimbursement |
0.09% | (c) | 0.09% | 0.08% | 0.06% | 0.06% | 0.06% | |||||||||||||||||
| Ratio of net investment income (loss) to average net assets |
2.00% | (c) | 1.85% | 1.86% | 2.11% | 2.19% | 1.82% | |||||||||||||||||
| Portfolio turnover rate |
3% | (b) | 6% | 7% | 7% | 7% | 13% | |||||||||||||||||
|
|
||||||||||||||||||||||||
| (a) | Based on average shares outstanding. |
| (b) | The percentages shown for this period are not annualized. |
| (c) | The percentages shown for this period are annualized. |
| 94 | 2012 Semiannual Report § TIAA-CREF Life Funds | See notes to financial statements |
| Financial highlights | continued |
TIAA-CREF Life Funds § For the period or year ended
| Social Choice Equity Fund | ||||||||||||||||||||||||
| 6/30/12 | 12/31/11 | 12/31/10 | 12/31/09 | 12/31/08 | 12/31/07 | |||||||||||||||||||
|
|
||||||||||||||||||||||||
| (unaudited) | ||||||||||||||||||||||||
| FOR A SHARE OUTSTANDING THROUGHOUT EACH PERIOD |
|
|||||||||||||||||||||||
| Net asset value, beginning of period |
$ | 24.61 | $ | 25.07 | $ | 21.99 | $ | 16.91 | $ | 27.12 | $ | 26.94 | ||||||||||||
|
|
||||||||||||||||||||||||
| Gain (loss) from investment operations: |
|
|||||||||||||||||||||||
| Net investment income (loss) (a) |
0.25 | 0.43 | 0.43 | 0.40 | 0.48 | 0.51 | ||||||||||||||||||
| Net realized and unrealized gain (loss) on total investments |
1.28 | (0.45 | ) | 3.09 | 5.09 | (10.28 | ) | 0.64 | ||||||||||||||||
|
|
||||||||||||||||||||||||
| Total gain (loss) from investment operations |
1.53 | (0.02 | ) | 3.52 | 5.49 | (9.80 | ) | 1.15 | ||||||||||||||||
|
|
||||||||||||||||||||||||
| Less distributions from: |
| |||||||||||||||||||||||
| Net investment income |
— | (0.44 | ) | (0.44 | ) | (0.41 | ) | (0.32 | ) | (0.51 | ) | |||||||||||||
| Net realized gains |
— | — | — | — | (0.09 | ) | (0.46 | ) | ||||||||||||||||
|
|
||||||||||||||||||||||||
| Total distributions |
— | (0.44 | ) | (0.44 | ) | (0.41 | ) | (0.41 | ) | (0.97 | ) | |||||||||||||
|
|
||||||||||||||||||||||||
| Net asset value, end of period |
$ | 26.14 | $ | 24.61 | $ | 25.07 | $ | 21.99 | $ | 16.91 | $ | 27.12 | ||||||||||||
|
|
||||||||||||||||||||||||
| TOTAL RETURN |
6.22% | (b) | (0.05 | )% | 16.01% | 32.51% | (36.09 | )% | 4.25% | |||||||||||||||
| RATIOS AND SUPPLEMENTAL DATA |
| |||||||||||||||||||||||
| Net assets at end of period (in thousands) |
$ | 40,322 | $ | 37,295 | $ | 35,344 | $ | 30,929 | $ | 23,938 | $ | 37,883 | ||||||||||||
| Ratio of expenses to average net assets before expense reimbursement |
0.43% | (c) | 0.49% | 0.42% | 0.08% | 0.07% | 0.07% | |||||||||||||||||
| Ratio of expenses to average net assets after expense reimbursement |
0.22% | (c) | 0.22% | 0.17% | 0.08% | 0.07% | 0.07% | |||||||||||||||||
| Ratio of net investment income (loss) to average net assets |
1.92% | (c) | 1.71% | 1.87% | 2.20% | 2.06% | 1.81% | |||||||||||||||||
| Portfolio turnover rate |
11% | (b) | 18% | 18% | 15% | 17% | 12% | |||||||||||||||||
|
|
||||||||||||||||||||||||
| (a) | Based on average shares outstanding. |
| (b) | The percentages shown for this period are not annualized. |
| (c) | The percentages shown for this period are annualized. |
| See notes to financial statements | TIAA-CREF Life Funds § 2012 Semiannual Report | 95 |
| Financial highlights | continued |
TIAA-CREF Life Funds § For the period or year ended
| Real Estate Securities Fund | ||||||||||||||||||||||||
| 6/30/12 | 12/31/11 | 12/31/10 | 12/31/09 | 12/31/08 | 12/31/07 | |||||||||||||||||||
|
|
||||||||||||||||||||||||
| (unaudited) | ||||||||||||||||||||||||
| FOR A SHARE OUTSTANDING THROUGHOUT EACH PERIOD |
| |||||||||||||||||||||||
| Net asset value, beginning of period |
$ | 24.94 | $ | 23.67 | $ | 18.43 | $ | 15.24 | $ | 26.50 | $ | 38.04 | ||||||||||||
|
|
||||||||||||||||||||||||
| Gain (loss) from investment operations: |
| |||||||||||||||||||||||
| Net investment income (loss) (a) |
0.26 | 0.38 | 0.35 | 0.49 | 0.70 | 0.60 | ||||||||||||||||||
| Net realized and unrealized gain (loss) on total investments |
3.78 | 1.20 | 5.37 | 3.32 | (10.87 | ) | (6.68 | ) | ||||||||||||||||
|
|
||||||||||||||||||||||||
| Total gain (loss) from investment operations |
4.04 | 1.58 | 5.72 | 3.81 | (10.17 | ) | (6.08 | ) | ||||||||||||||||
|
|
||||||||||||||||||||||||
| Less distributions from: |
||||||||||||||||||||||||
| Net investment income |
— | (0.31 | ) | (0.48 | ) | (0.62 | ) | (1.09 | ) | (1.31 | ) | |||||||||||||
| Net realized gains |
— | — | — | — | — | (4.15 | ) | |||||||||||||||||
|
|
||||||||||||||||||||||||
| Total distributions |
— | (0.31 | ) | (0.48 | ) | (0.62 | ) | (1.09 | ) | (5.46 | ) | |||||||||||||
|
|
||||||||||||||||||||||||
| Net asset value, end of period |
$ | 28.98 | $ | 24.94 | $ | 23.67 | $ | 18.43 | $ | 15.24 | $ | 26.50 | ||||||||||||
|
|
||||||||||||||||||||||||
| TOTAL RETURN |
16.24% | (b) | 6.73% | 31.16% | 25.11% | (38.27 | )% | (16.12 | )% | |||||||||||||||
| RATIOS AND SUPPLEMENTAL DATA |
| |||||||||||||||||||||||
| Net assets at end of period (in thousands) |
$ | 92,468 | $ | 79,535 | $ | 73,759 | $ | 53,565 | $ | 43,646 | $ | 74,751 | ||||||||||||
| Ratio of expenses to average net assets before expense reimbursement |
0.72% | (c) | 0.71% | 0.60% | 0.25% | 0.26% | 0.27% | |||||||||||||||||
| Ratio of expenses to average net assets after expense reimbursement |
0.57% | (c) | 0.57% | 0.48% | 0.25% | 0.26% | 0.27% | |||||||||||||||||
| Ratio of net investment income (loss) to average net assets |
1.90% | (c) | 1.53% | 1.63% | 3.37% | 2.94% | 1.62% | |||||||||||||||||
| Portfolio turnover rate |
37% | (b) | 58% | 66% | 65% | 97% | 111% | |||||||||||||||||
|
|
||||||||||||||||||||||||
| (a) | Based on average shares outstanding. |
| (b) | The percentages shown for this period are not annualized. |
| (c) | The percentages shown for this period are annualized. |
| 96 | 2012 Semiannual Report § TIAA-CREF Life Funds | See notes to financial statements |
| Financial highlights | continued |
TIAA-CREF Life Funds § For the period or year ended
| Bond Fund | ||||||||||||||||||||||||
| 6/30/12 | 12/31/11 | 12/31/10 | 12/31/09 | 12/31/08 | 12/31/07 | |||||||||||||||||||
|
|
||||||||||||||||||||||||
| (unaudited) | ||||||||||||||||||||||||
| FOR A SHARE OUTSTANDING THROUGHOUT EACH PERIOD |
| |||||||||||||||||||||||
| Net asset value, beginning of period |
$ | 25.60 | $ | 24.88 | $ | 24.13 | $ | 23.38 | $ | 24.55 | $ | 24.41 | ||||||||||||
|
|
||||||||||||||||||||||||
| Gain (loss) from investment operations: |
| |||||||||||||||||||||||
| Net investment income (loss) (a) |
0.41 | 0.87 | 0.93 | 1.06 | 1.29 | 1.29 | ||||||||||||||||||
| Net realized and unrealized gain (loss) on total investments |
0.44 | 0.70 | 0.73 | 0.68 | (1.19 | ) | 0.07 | |||||||||||||||||
|
|
||||||||||||||||||||||||
| Total gain (loss) from investment operations |
0.85 | 1.57 | 1.66 | 1.74 | 0.10 | 1.36 | ||||||||||||||||||
|
|
||||||||||||||||||||||||
| Less distributions from: |
| |||||||||||||||||||||||
| Net investment income |
— | (0.85 | ) | (0.91 | ) | (0.99 | ) | (1.27 | ) | (1.22 | ) | |||||||||||||
|
|
||||||||||||||||||||||||
| Total distributions |
— | (0.85 | ) | (0.91 | ) | (0.99 | ) | (1.27 | ) | (1.22 | ) | |||||||||||||
|
|
||||||||||||||||||||||||
| Net asset value, end of period |
$ | 26.45 | $ | 25.60 | $ | 24.88 | $ | 24.13 | $ | 23.38 | $ | 24.55 | ||||||||||||
|
|
||||||||||||||||||||||||
| TOTAL RETURN |
3.32% | (b) | 6.31% | 6.91% | 7.40% | 0.39% | 5.60% | |||||||||||||||||
| RATIOS AND SUPPLEMENTAL DATA |
| |||||||||||||||||||||||
| Net assets at end of period (in thousands) |
$ | 170,885 | $ | 158,136 | $ | 137,000 | $ | 115,865 | $ | 91,953 | $ | 86,661 | ||||||||||||
| Ratio of expenses to average net assets before expense reimbursement |
0.54% | (c) | 0.53% | 0.41% | 0.10% | 0.10% | 0.10% | |||||||||||||||||
| Ratio of expenses to average net assets after expense reimbursement |
0.35% | (c) | 0.35% | 0.27% | 0.10% | 0.10% | 0.10% | |||||||||||||||||
| Ratio of net investment income (loss) to average net assets |
3.15% | (c) | 3.41% | 3.66% | 4.41% | 5.27% | 5.18% | |||||||||||||||||
| Portfolio turnover rate |
79% | (b) | 92% | 67% | 147% | 92% | 97% | |||||||||||||||||
|
|
||||||||||||||||||||||||
| (a) | Based on average shares outstanding. |
| (b) | The percentages shown for this period are not annualized. |
| (c) | The percentages shown for this period are annualized. |
| See notes to financial statements | TIAA-CREF Life Funds § 2012 Semiannual Report | 97 |
| Financial highlights | concluded |
TIAA-CREF Life Funds § For the period or year ended
| Money Market Fund | ||||||||||||||||||||||||
| 6/30/12 | 12/31/11 | 12/31/10 | 12/31/09 | 12/31/08 | 12/31/07 | |||||||||||||||||||
|
|
||||||||||||||||||||||||
| (unaudited) | ||||||||||||||||||||||||
| FOR A SHARE OUTSTANDING THROUGHOUT EACH PERIOD |
| |||||||||||||||||||||||
| Net asset value, beginning of period |
$ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | ||||||||||||
|
|
||||||||||||||||||||||||
| Gain (loss) from investment operations: |
| |||||||||||||||||||||||
| Net investment income (loss)(a) |
0.00 | (d) | 0.00 | (d) | 0.00 | (d) | 0.01 | 0.03 | 0.05 | |||||||||||||||
| Net realized and unrealized gain (loss) on total investments |
0.00 | (d) | 0.00 | (d) | 0.00 | (d) | 0.00 | (d) | — | — | ||||||||||||||
|
|
||||||||||||||||||||||||
| Total gain (loss) from investment operations |
0.00 | (d) | 0.00 | (d) | 0.00 | (d) | 0.01 | 0.03 | 0.05 | |||||||||||||||
|
|
||||||||||||||||||||||||
| Less distributions from: |
||||||||||||||||||||||||
| Net investment income |
0.00 | (d) | 0.00 | (d) | (0.00 | )(d) | (0.01 | ) | (0.03 | ) | (0.05 | ) | ||||||||||||
|
|
||||||||||||||||||||||||
| Total distributions |
0.00 | (d) | 0.00 | (d) | (0.00 | )(d) | (0.01 | ) | (0.03 | ) | (0.05 | ) | ||||||||||||
|
|
||||||||||||||||||||||||
| Net asset value, end of period |
$ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | ||||||||||||
|
|
||||||||||||||||||||||||
| TOTAL RETURN |
0.01% | (b) | 0.03% | 0.12% | 0.54% | 2.86% | 5.34% | |||||||||||||||||
| RATIOS AND SUPPLEMENTAL DATA |
| |||||||||||||||||||||||
| Net assets at end of period (in thousands) |
$ | 58,679 | $ | 59,822 | $ | 61,766 | $ | 74,102 | $ | 117,322 | $ | 100,444 | ||||||||||||
| Ratio of expenses to average net assets before expense reimbursement |
0.38% | (c) | 0.39% | 0.27% | 0.09% | 0.07% | 0.06% | |||||||||||||||||
| Ratio of expenses to average net assets after expense reimbursement |
0.15% | (c) | 0.15% | 0.12% | 0.09% | 0.07% | 0.06% | |||||||||||||||||
| Ratio of net investment income (loss) to average net assets |
0.01% | (c) | 0.03% | 0.12% | 0.58% | 2.80% | 5.19% | |||||||||||||||||
|
|
||||||||||||||||||||||||
| (a) | Based on average shares outstanding. |
| (b) | The percentages shown for this period are not annualized. |
| (c) | The percentages shown for this period are annualized. |
| (d) | Amount represents less than $0.01 per share. |
| 98 | 2012 Semiannual Report § TIAA-CREF Life Funds | See notes to financial statements |
| Notes to financial statements (unaudited) |
TIAA-CREF Life Funds
Note 1—organization and significant accounting policies
TIAA-CREF Life Funds (the “Trust”) is a Delaware statutory trust that is registered with the Securities and Exchange Commission under the Investment Company Act of 1940, as amended (“1940 Act”), as an open-end management investment company. The Trust currently consists of ten series (the “Funds” or individually the “Fund”). The Funds are currently available only through the purchase of variable annuity contracts or variable life insurance policies issued by TIAA-CREF Life Insurance Company (“TIAA-CREF Life”).
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 Net Asset Value per share (“NAV”) for financial reporting purposes may differ from the NAV for processing transactions. The NAV for financial reporting purposes includes security and shareholder transactions through the date of the report. Total return is computed based on the NAV used for processing transactions. The following is a summary of the significant accounting policies consistently followed by the Funds.
Security valuation: For all Funds (other than the Money Market Fund), investments in securities are recorded at their estimated fair value as described in the valuation of investments note to the financial statements. Investments held by the Money Market Fund are recorded at amortized cost, which approximates fair value. The amortized cost of an instrument is determined by valuing it at its original cost and thereafter accreting or amortizing any discount or premium to its face value at a constant rate until maturity.
Investments and investment income: Securities transactions are accounted for as of the trade date for financial reporting purposes. Interest income is recorded as earned and includes accretion of discounts and amortization of premiums using the effective yield method. Dividend income is recorded on the ex-dividend date. 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 gain are recorded as a reduction of cost of investments and/or as a realized gain. The Funds estimate the components of distributions received that may be considered return of capital distributions or capital gain distributions.
Most expenses of the Trust can be directly attributed to a fund. Expenses that cannot be directly attributed are allocated to each fund in the Trust based upon the average net assets of each fund.
Foreign currency transactions and translation: Assets, including investments, and liabilities denominated in foreign currencies are translated into U.S. dollar values each day using exchange rates obtained from an independent third party. Purchases and sales of securities, income, and expenses are translated into U.S. dollars at the prevailing exchange rate on the date of the transaction. The effect of changes in foreign currency exchange rates on realized and unrealized security gains and losses is reflected as a component of security gains and losses.
| TIAA-CREF Life Funds § 2012 Semiannual Report | 99 |
| Notes to financial statements (unaudited) |
Distributions to shareholders: Distributions to shareholders, which are determined in accordance with income tax regulations, are recorded on the ex-dividend date.
Income taxes: The Funds intend to continue to qualify as regulated investment companies under Subchapter M of the Internal Revenue Code (“Code”) and will not be subject to income taxes to the extent that they distribute all taxable income each year and comply with various other Code requirements. Therefore, no federal income tax provision is required. Management has analyzed the Funds’ tax positions taken for all open federal income tax years (2008–2011) and has concluded that no provision for federal income tax is required in the Funds’ financial statements.
The timing and character of income and capital gain distributions are determined in accordance with income tax regulations, which may differ from U.S. GAAP. Reclassifications are made to a Fund’s capital accounts for permanent tax differences to reflect income and gains available for distribution (or available capital loss carryforwards) under income tax regulations.
Foreign taxes: The Funds may be subject to foreign taxes on income, gains on investments or currency repatriation, a portion of which may be recoverable. The Funds will accrue such taxes and recoveries as applicable, based upon the current interpretation of tax rules and regulations that exist in the markets in which the Funds invest.
Trustee compensation: The Funds pay the members of the Board of Trustees (“Board”), all of whom are independent, certain remuneration for their services, plus travel and other expenses. Trustees may elect to participate in a deferred compensation plan and defer all or a portion of their compensation. In addition, trustees participate in a long-term compensation plan. Amounts deferred are retained by the Funds until paid. The investment of deferred amounts and the offsetting payable to the trustees are included in other assets and accrued expenses and other payables in the accompanying Statements of Assets and Liabilities. Trustees’ fees, including any deferred and long-term compensation incurred, are reflected in the Statements of Operations.
New Accounting Pronouncements: In April 2011, the Financial Accounting Standards Board (“FASB”) adopted Accounting Standards Update (“ASU”) 2011-03, Reconsideration of Effective Control for Repurchase Agreements. ASU 2011-03 amends ASC 860, Transfers and Servicing in relation to the accounting for repurchase agreements and other agreements that both entitle and obligate a transferor to repurchase or redeem the financial assets before their maturity. ASU 2011-03 eliminates the collateral maintenance provision that an entity may use to determine whether a transfer of securities in a repurchase agreement or other agreement is accounted for as a sale or a secured borrowing. ASU 2011-03 applies to the first interim or annual period beginning on or after December 15, 2011. Management has evaluated the implications of this guidance and has determined that the new requirements do not have a material impact to the Funds’ financial statements.
In May 2011, FASB adopted ASU No. 2011-04, Fair Value Measurement (Topic 820), Amendments to Achieve Common Fair Value Measurement and Disclosure
| 100 | 2012 Semiannual Report § TIAA-CREF Life Funds |
| continued |
Requirements in U.S. GAAP and IFRS. The ASU converges the guidance of both entities on fair value measurements and disclosures. ASU 2011-04 requires additional disclosures around transfers between levels as well as expanded disclosure for securities categorized as Level 3 under the fair value hierarchy. The ASU applies to interim or annual periods beginning after December 15, 2011. Management has evaluated the implications of this guidance and has determined that the new requirements do not have a material impact to the Funds’ financial statements and notes disclosure.
Note 2—valuation of investments
Portfolio investments are valued at fair value utilizing various valuation methods approved by the Board. U.S. GAAP establishes a hierarchy that prioritizes market inputs to valuation methods. The three levels of inputs are:
| • | Level 1—quoted prices in active markets for identical securities |
| • | Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, credit spreads, etc.) |
| • | Level 3—significant unobservable inputs (including the Funds’ own assumptions in determining the fair value of investments) |
The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
A description of the valuation techniques applied to the Funds’ major categories of assets and liabilities measured at fair value follows:
Exchange-traded equity securities, common and preferred stock: Equity securities listed or traded on a national market or exchange are valued based on their sale price on such market or exchange at the close of business on the date of valuation, or at the mean of the closing bid and asked prices if no sale is reported. To the extent these securities are actively traded and valuation adjustments are not applied, they are categorized in Level 1 of the fair value hierarchy. Foreign investments are valued at the last sale price or official closing price reported on the exchange where traded and converted to U.S. dollars at the prevailing rates of exchange on the date of valuation. For events affecting the value of foreign securities between the time when the exchange on which they are traded closes and the time when the Funds’ net assets are calculated, such securities will be valued at fair value in accordance with procedures adopted by the Board. Foreign securities are generally categorized in Level 2 of the fair value hierarchy.
| TIAA-CREF Life Funds § 2012 Semiannual Report | 101 |
| Notes to financial statements (unaudited) |
Debt securities: Debt securities will generally be valued using prices provided by a pricing service that may employ various indications of value including but not limited to broker-dealer quotations. Certain debt securities, other than money market instruments, are valued based on the most recent bid price or the equivalent quoted yield for such securities (or those of comparable maturity, quality and type). Debt securities are generally categorized in Level 2 of the fair value hierarchy; in instances where prices, yields, or any other key inputs are unobservable, they are categorized in Level 3 of the hierarchy.
Short-term investments: Short-term investments, excluding investements in registered investment companies, with maturities of 60 days or less are valued at amortized cost. Short-term investments (other than those in the Money Market Fund) with maturities in excess of 60 days are valued in the same manner as debt securities. Short-term investments are generally categorized in Level 2 of the fair value hierarchy. Short-term investments in the Money Market Fund are all valued at amortized cost. Money Market Fund investments are categorized as Level 2 in the fair value hierarchy.
Investments in registered investment companies: These investments are valued at their net asset value on the valuation date. These investments are categorized in Level 1 of the fair value hierarchy.
Futures contracts: Stock and bond index futures, which are traded on commodities exchanges, are valued at the last sale price as of the close of such commodities exchanges and are categorized in Level 1 of the fair value hierarchy.
Options: Purchased and written options listed or traded on a national market or exchange are valued at the last sale price as of the close of such exchange or at the mean of the closing bid and asked prices if no sale is reported. To the extent these securities are actively traded and valuation adjustments are not applied, they are catergorized in Level 1 of the fair value hierarchy.
Any portfolio security for which market quotations are not readily available or for which the above valuation procedures are deemed not to reflect fair value are valued at fair value, as determined in good faith using procedures approved by the Board. To the extent the inputs are observable and timely, the values would be categorized in Level 2 of the fair value hierarchy; otherwise they would be categorized as Level 3.
Transfers between levels are recognized at the end of the reporting period. For the period ended June 30, 2012, there were no material transfers between levels by the Funds.
As of June 30, 2012, 100% of the value of investments in the Social Choice Equity Fund were valued based on Level 1 inputs.
As of June 30, 2012, the Stock Index Fund and the Small-Cap Equity Fund held Level 3 securities valued at zero. All other investments were valued based on Level 1 inputs.
| 102 | 2012 Semiannual Report § TIAA-CREF Life Funds |
| continued |
As of June 30, 2012, 100% of the value of investments in the Money Market Fund was valued based on Level 2 inputs.
The following is a summary of the inputs used to value the remaining Funds’ investments as of June 30, 2012:
| Fund | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
|
|
||||||||||||||||
| Growth Equity |
||||||||||||||||
| Consumer discretionary |
$ | 8,168,076 | $ | 295,260 | $ | — | $ | 8,463,336 | ||||||||
| Consumer staples |
1,873,042 | — | — | 1,873,042 | ||||||||||||
| Energy |
1,192,282 | 439,012 | — | 1,631,294 | ||||||||||||
| Financials |
2,131,521 | — | — | 2,131,521 | ||||||||||||
| Health care |
5,685,440 | 546,933 | — | 6,232,373 | ||||||||||||
| Industrials |
4,266,240 | 184,658 | — | 4,450,898 | ||||||||||||
| Information technology* |
16,872,406 | 130,807 | — | 17,003,213 | ||||||||||||
| Materials |
2,051,983 | — | — | 2,051,983 | ||||||||||||
| Telecommunication services |
306,058 | — | — | 306,058 | ||||||||||||
| Short-term investments |
429,488 | — | — | 429,488 | ||||||||||||
|
|
||||||||||||||||
| Total |
$ | 42,976,536 | $ | 1,596,670 | $ | — | $ | 44,573,206 | ||||||||
|
|
||||||||||||||||
| Growth & Income |
||||||||||||||||
| Consumer discretionary |
$ | 10,940,253 | $ | — | $ | — | $ | 10,940,253 | ||||||||
| Consumer staples |
9,691,976 | 914,996 | — | 10,606,972 | ||||||||||||
| Energy |
8,310,476 | — | — | 8,310,476 | ||||||||||||
| Financials |
12,368,288 | — | — | 12,368,288 | ||||||||||||
| Health care* |
11,161,367 | 664,953 | — | 11,826,320 | ||||||||||||
| Industrials |
7,433,146 | 92,258 | — | 7,525,404 | ||||||||||||
| Information technology |
16,420,102 | 209,283 | — | 16,629,385 | ||||||||||||
| Materials |
2,613,016 | — | — | 2,613,016 | ||||||||||||
| Telecommunication services |
1,601,394 | — | — | 1,601,394 | ||||||||||||
| Utilities |
2,264,147 | — | — | 2,264,147 | ||||||||||||
| Short-term investments |
293,602 | 1,200,000 | — | 1,493,602 | ||||||||||||
| Written options** |
(6,646 | ) | — | — | (6,646 | ) | ||||||||||
|
|
||||||||||||||||
| Total |
$ | 83,091,121 | $ | 3,081,490 | $ | — | $ | 86,172,611 | ||||||||
|
|
||||||||||||||||
| International Equity |
||||||||||||||||
| France |
$ | — | $ | 6,396,012 | $ | — | $ | 6,396,012 | ||||||||
| Germany |
— | 16,566,401 | — | 16,566,401 | ||||||||||||
| Hong Kong |
— | 3,021,628 | — | 3,021,628 | ||||||||||||
| India |
— | 3,588,055 | — | 3,588,055 | ||||||||||||
| Japan |
— | 11,306,413 | — | 11,306,413 | ||||||||||||
| Sweden |
— | 3,764,473 | — | 3,764,473 | ||||||||||||
| Switzerland |
— | 12,318,628 | — | 12,318,628 | ||||||||||||
| United Kingdom |
— | 28,737,385 | — | 28,737,385 | ||||||||||||
| Other |
— | 1,698,438 | — | 1,698,438 | ||||||||||||
| Short-term investments |
5,333,952 | — | — | 5,333,952 | ||||||||||||
|
|
||||||||||||||||
| Total |
$ | 5,333,952 | $ | 87,397,433 | $ | — | $ | 92,731,385 | ||||||||
|
|
||||||||||||||||
| TIAA-CREF Life Funds § 2012 Semiannual Report | 103 |
| Notes to financial statements (unaudited) |
| Fund | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
|
|
||||||||||||||||
| Large-Cap Value |
||||||||||||||||
| Consumer discretionary |
$ | 5,770,374 | $ | 92,940 | $ | — | $ | 5,863,314 | ||||||||
| Consumer staples |
4,670,385 | 257,525 | — | 4,927,910 | ||||||||||||
| Energy |
10,394,607 | 181,957 | — | 10,576,564 | ||||||||||||
| Financials |
15,014,260 | 653,751 | — | 15,668,011 | ||||||||||||
| Health care* |
8,100,120 | 181,525 | — | 8,281,645 | ||||||||||||
| Industrials* |
6,361,112 | 289,448 | — | 6,650,560 | ||||||||||||
| Information technology |
5,426,851 | 92,488 | 5,519,339 | |||||||||||||
| Materials |
1,297,138 | 36,530 | — | 1,333,668 | ||||||||||||
| Telecommunication services |
2,799,490 | — | — | 2,799,490 | ||||||||||||
| Utilities |
3,545,093 | — | — | 3,545,093 | ||||||||||||
| Short-term investments |
2,116,908 | — | — | 2,116,908 | ||||||||||||
|
|
||||||||||||||||
| Total |
$ | 65,496,338 | $ | 1,786,164 | $ | — | $ | 67,282,502 | ||||||||
|
|
||||||||||||||||
| Real Estate Securities |
||||||||||||||||
| Diversified capital markets |
$ | 473,960 | $ | — | $ | — | $ | 473,960 | ||||||||
| Diversified real estate activities |
— | 83,414 | — | 83,414 | ||||||||||||
| Diversified REITs |
4,065,030 | — | — | 4,065,030 | ||||||||||||
| Industrial REITs |
3,292,080 | 166,476 | — | 3,458,556 | ||||||||||||
| Mortgage REITs |
503,400 | — | — | 503,400 | ||||||||||||
| Office REITs |
8,875,744 | — | — | 8,875,744 | ||||||||||||
| Real estate operating companies |
1,885,771 | — | — | 1,885,771 | ||||||||||||
| Residential REITs |
15,931,150 | — | — | 15,931,150 | ||||||||||||
| Retail REITs |
21,336,720 | 783,310 | — | 22,120,030 | ||||||||||||
| Specialized REITs |
30,541,338 | — | — | 30,541,338 | ||||||||||||
| Short-term investments |
3,000,000 | — | 3,000,000 | |||||||||||||
| Written options** |
(12,000 | ) | — | — | (12,000 | ) | ||||||||||
|
|
||||||||||||||||
| Total |
$ | 86,893,193 | $ | 4,033,200 | $ | — | $ | 90,926,393 | ||||||||
|
|
||||||||||||||||
| Bond |
||||||||||||||||
| Corporate bonds |
$ | — | $ | 67,245,161 | $ | — | $ | 67,245,161 | ||||||||
| Government bonds |
— | 95,740,337 | — | 95,740,337 | ||||||||||||
| Structured assets |
— | 9,808,243 | — | 9,808,243 | ||||||||||||
| Preferred stocks |
40,114 | — | — | 40,114 | ||||||||||||
| Short-term investments |
— | 849,895 | — | 849,895 | ||||||||||||
|
|
||||||||||||||||
| Total |
$ | 40,114 | $ | 173,643,636 | — | $ | 173,683,750 | |||||||||
|
|
||||||||||||||||
| * | Includes American Depositary Receipts in Level 1. |
| ** | Derivatives instruments are not reflected in the summary portfolio of investments. |
Note 3—derivative instruments
As defined by U.S. GAAP, a derivative is a financial instrument whose value is derived from an underlying security price, foreign exchange rate, interest rate, index of prices or rates, or other variables. Derivatives require little or no initial investment and permit or require net settlement. The Funds value derivatives at fair value.
| 104 | 2012 Semiannual Report § TIAA-CREF Life Funds |
| continued |
At June 30, 2012, the following Funds have invested in derivative contracts which are reflected in the Statements of Assets and Liabilities:
| Asset derivatives | Liabilities derivatives | |||||||||||||||
| Derivative contracts | Location | Fair value amount |
Location | Fair value amount |
||||||||||||
| Growth & Income Fund |
||||||||||||||||
| Equity contracts |
— | Written options | $ | 6,646 | ||||||||||||
|
|
||||||||||||||||
| Stock Index Fund |
||||||||||||||||
| Equity contracts |
Futures | * | 20,613 | — | ||||||||||||
|
|
||||||||||||||||
| Real Estate Securities Fund |
||||||||||||||||
| Equity contracts |
— | Written options | 12,000 | |||||||||||||
|
|
||||||||||||||||
| * | The fair value presented includes cumulative gain (loss) on open futures contracts; however, the value reflected on the accompanying Statements of Assets and Liabilities is only the receivable for variation margin on open futures contracts. |
For the period ended June 30, 2012, the effect of derivative contracts on the Funds’ Statements of Operations was as follows:
| Derivative contracts | Location | Realized gain (loss) |
Change in unrealized appreciation |
|||||||||
| Growth & Income Fund |
||||||||||||
| Equity contracts |
Written options | $ | 600 | $ | (1,332 | ) | ||||||
|
|
||||||||||||
| Stock Index Fund |
||||||||||||
| Equity contracts |
Futures transactions | 36,314 | 19,209 | |||||||||
|
|
||||||||||||
| Real Estate Securities Fund |
||||||||||||
| Equity contracts |
Written options | 60,165 | 400 | |||||||||
|
|
||||||||||||
Futures contracts: Certain Funds are subject to equity price risk in the normal course of pursuing their investment objectives. The Funds may use 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 payments are made or received reflecting daily changes in the value of the futures contracts. Futures contracts are valued at the last sale price as of the close of the board of trade or exchange on which they are traded. 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, there is minimal counterparty credit risk to the Funds since futures are exchange-traded and the exchange’s clearinghouse, as counterparty to all exchange traded-funds, guarantees the futures against default. During the period ended June 30, 2012, the Small-Cap Equity Fund and Stock Index Fund had exposure to futures contracts, based on underlying notional values, generally between 0% and 1% of net assets.
| TIAA-CREF Life Funds § 2012 Semiannual Report | 105 |
| Notes to financial statements (unaudited) |
At June 30, 2012, the Stock Index Fund held 12 open futures contracts expiring in September 2012:
| Future | Market value |
Unrealized gain (loss) |
||||
|
|
||||||
| S&P 500 E-Mini Index Future |
$813,840 | $ | 20,613 | |||
|
|
||||||
Options: Certain Funds are subject to equity price risk in the normal course of pursuing their investment objectives. The Funds use options contracts for hedging and cash management purposes and to seek to increase total return. Call and put options give the holder the right, in return for a premium paid, to purchase or sell, respectively, a security at a specified exercise price at any time during the period of the option. Written options are separately reflected as a liability in the Statements of Assets and Liabilities. Premiums on unexercised, expired options are recorded as realized gains or losses; premiums on exercised options are recorded as an adjustment to the proceeds from the sale or cost of the purchase. The difference between the premium and the amount received or paid in a closing transaction is also treated as a realized gain or loss. Risks related to the use of options include possible illiquidity of the options markets, price movements in underlying security values, and losses from writing options can exceed the premium received and can exceed the potential loss from an ordinary buy and sell transaction. During the period ended June 30, 2012, the Growth & Income Fund and the Real Estate Securities Fund had exposure to options, based on underlying nominal values, generally between 0% and 1% of net assets and 0% to 5% of net assets, respectively.
Written options outstanding as of June 30, 2012 were as follows:
| Fund | Written options | Contracts | Value | |||||||
| Growth & Income Fund | ||||||||||
| Amazon., Call, 07/21/12 at $110.00 | 1 | $ | (471 | ) | ||||||
| Equinix, Inc., Call, 07/21/12 at $185.00 | 4 | (720 | ) | |||||||
| Google, Inc., Call, 06/29/12 at $570.00 | 2 | (1,960 | ) | |||||||
| Google, Inc., Call, 06/29/12 at $575.00 | 2 | (980 | ) | |||||||
| LinkedIn Corp., Call, 07/21/12 at $110.00 | 9 | (2,340 | ) | |||||||
| Monster Beverage Corp., Call, 07/21/12 at $82.50 | 5 | (175 | ) | |||||||
| Total | 23 | (6,646 | ) | |||||||
| Real Estate Securities Fund | ||||||||||
| Boston Properties Inc., Call, 07/21/12 at $115.00 | 400 | (12,000 | ) | |||||||
Transactions in written options and related premiums received during the period ended June 30, 2012, were as follows:
| Number of contracts |
Premiums | |||||||
| Growth & Income Fund |
||||||||
| Outstanding at beginning of period |
— | $ | — | |||||
| Written |
25 | 5,914 | ||||||
| Exercised |
— | — | ||||||
| Expired |
(2 | ) | (600 | ) | ||||
| Closed |
— | — | ||||||
| Outstanding at end of period |
23 | 5,314 | ||||||
| 106 | 2012 Semiannual Report § TIAA-CREF Life Funds |
| continued |
| Number of contracts |
Premiums | |||||||
| Real Estate Securities Fund |
||||||||
| Outstanding at beginning of period |
— | $ | — | |||||
| Written |
1,284 | 79,035 | ||||||
| Purchased |
(500 | ) | (12,500 | ) | ||||
| Exercised |
(224 | ) | (34,343 | ) | ||||
| Expired |
(160 | ) | (19,792 | ) | ||||
| Closed |
— | — | ||||||
| Outstanding at end of period |
400 | 12,400 | ||||||
Note 4—investment adviser and affiliates
Teachers Advisors, Inc. (“Advisors”), a wholly owned subsidiary of Teachers Insurance and Annuity Association of America (“TIAA”) and a registered investment adviser, provides investment advisory services for the Funds pursuant to an Investment Advisory Agreement between Advisors and the Funds. The Funds have also entered into an Administrative Service Agreement with Advisors under which the Funds pay Advisors for its costs in providing certain administrative and operational oversight services to the Funds.
As part of the Advisory Agreement, Advisors has agreed to reimburse each Fund if its total expense ratio (excluding interest, taxes, brokerage and other transactional expenses, acquired fund fees and expenses and extraordinary expenses) exceeds certain percentages. As of June 30, 2012, the investment management fees and maximum expense amounts (after waivers and reimbursements) are equal to the following noted annual percentage of average daily net assets:
| Fund | Investment management fee |
Maximum expense amounts* |
||||||
|
|
||||||||
| Growth Equity |
0.45% | 0.52% | ||||||
| Growth & Income |
0.45% | 0.52% | ||||||
| International Equity |
0.50% | 0.60% | ||||||
| Large-Cap Value |
0.45% | 0.52% | ||||||
| Small-Cap Equity |
0.48% | 0.55% | ||||||
| Stock Index |
0.06% | 0.09% | ||||||
| Social Choice Equity |
0.15% | 0.22% | ||||||
| Real Estate Securities |
0.50% | 0.57% | ||||||
| Bond |
0.30% | 0.35% | ||||||
| Money Market |
0.10% | 0.15% | ||||||
|
|
||||||||
| * | Maximum expense amounts reflect the majority of expenses, excluding interest, taxes, brokerage and other transactional expenses, acquired fund fees and expenses and extraordinary expenses. The expense reimbursement arrangements will continue through at least April 30, 2013. The reimbursement arrangements can only be changed with the approval of the Board of Trustees. |
The Funds may purchase or sell investment securities in transactions with affiliated entities under procedures adopted by the Board, pursuant to the 1940 Act. These transactions are effected at market rates without incurring broker commissions.
| TIAA-CREF Life Funds § 2012 Semiannual Report | 107 |
| Notes to financial statements (unaudited) |
Certain registered separate accounts of TIAA-CREF Life, which is a wholly owned subsidiary of TIAA, have various sub-accounts which invest in the Funds. Additionally, at the commencement of operations of each Fund, TIAA, an affiliate, invested in each Fund.
The following is the percentage of the Funds’ shares owned by affiliates as of June 30, 2012:
| Fund | Investments in funds held by TIAA-CREF Life |
Investments in funds held by TIAA |
Percentage of net assets |
|||||||||
|
|
||||||||||||
| Growth Equity |
100.0 | % | — | % | 100.0% | |||||||
| Growth & Income |
83.1 | 16.9 | 100.0% | |||||||||
| International Equity |
74.7 | 25.3 | 100.0% | |||||||||
| Large-Cap Value |
61.3 | 38.7 | 100.0% | |||||||||
| Small-Cap Equity |
55.9 | 44.1 | 100.0% | |||||||||
| Stock Index |
100.0 | — | 100.0% | |||||||||
| Social Choice Equity |
67.8 | 32.2 | 100.0% | |||||||||
| Real Estate Securities |
55.3 | 44.7 | 100.0% | |||||||||
| Bond |
56.7 | 43.3 | 100.0% | |||||||||
| Money Market |
100.0 | — | 100.0% | |||||||||
|
|
||||||||||||
Note 5—investments
Securities lending: Certain Funds may lend their securities to qualified institutional borrowers to earn additional income. A Fund receives collateral (in the form of cash, Treasury securities or other collateral permitted by applicable law) against the loaned securities and maintains collateral in an amount not less than 100% of the market value of loaned securities during the period of the loan. Cash collateral received by a Fund will generally be invested in high-quality short-term instruments, or in one or more funds maintained by the securities lending agent for the purpose of investing cash collateral. The value of the loaned securities and the liability to return the cash collateral received are reflected in the Statements of Assets and Liabilities. Securities lending income consists of earnings on invested collateral and lending fees, net of any rebates to the borrower and compensation to the lending agent. Such income is reflected separately in the Statements of Operations. In lending its securities, the Fund bears the market risk with respect to the collateral investment as well as the securities loaned and also bears the risk that the counterparty may default on its obligations to the Fund.
Securities purchased on a when-issued or delayed-delivery basis: The Funds may purchase securities on a when-issued or delayed-delivery basis. Securities purchased or sold on a when-issued or delayed-delivery basis may be settled a month or more after trade date; interest income is not accrued until settlement date. At the time a Fund enters into such transactions, it is required to have segregated assets with a current value at least equal to the amount of its when-issued or delayed-delivery purchase commitments.
| 108 | 2012 Semiannual Report § TIAA-CREF Life Funds |
| continued |
Restricted securities: Restricted securities held by the Funds, if any, may not be sold except in exempt transactions or in a public offering registered under the Securities Act of 1933. The risk of investing in such securities is generally greater than the risk of investing in securities that are widely held and publicly traded.
Net unrealized appreciation (depreciation): At June 30, 2012, net unrealized appreciation (depreciation) based on the aggregate cost of portfolio investments for federal income tax purposes, consisting of gross unrealized appreciation and gross unrealized depreciation was as follows:
| Fund | Tax cost | Gross unrealized appreciation |
Gross unrealized (depreciation) |
Net unrealized appreciation (depreciation) |
||||||||||||
|
|
||||||||||||||||
| Growth Equity |
$ | 40,303,333 | $ | 5,348,843 | $ | (1,078,969 | ) | $ | 4,269,874 | |||||||
| Growth & Income |
77,856,141 | 11,509,356 | (3,186,240 | ) | 8,323,116 | |||||||||||
| International Equity |
102,354,153 | 2,149,239 | (11,772,007 | ) | (9,622,768 | ) | ||||||||||
| Large-Cap Value |
68,541,284 | 4,443,855 | (5,702,637 | ) | (1,258,782 | ) | ||||||||||
| Small-Cap Equity |
57,986,674 | 6,352,317 | (2,385,059 | ) | 3,967,258 | |||||||||||
| Stock Index |
173,544,289 | 53,754,150 | (31,035,936 | ) | 22,718,214 | |||||||||||
| Social Choice Equity |
36,618,134 | 8,128,547 | (4,723,178 | ) | 3,405,369 | |||||||||||
| Real Estate Securities |
78,545,855 | 13,989,702 | (1,597,164 | ) | 12,392,538 | |||||||||||
| Bond |
168,183,291 | 7,188,593 | (1,688,134 | ) | 5,500,459 | |||||||||||
|
|
||||||||||||||||
Purchases and sales: Purchases and sales of securities (other than short-term instruments) for all of the Funds for the period ended June 30, 2012 were as follows:
| Fund | Non-U.S. government purchases |
U.S. government purchases |
Non-U.S. government sales |
U.S. government sales |
||||||||||||
|
|
||||||||||||||||
| Growth Equity |
$ | 36,583,914 | $ | — | $ | 36,587,100 | $ | — | ||||||||
| Growth & Income |
48,596,862 | — | 46,575,240 | — | ||||||||||||
| International Equity |
53,145,529 | — | 50,913,982 | — | ||||||||||||
| Large-Cap Value |
30,235,945 | — | 30,842,821 | — | ||||||||||||
| Small-Cap Equity |
36,775,366 | — | 37,937,648 | — | ||||||||||||
| Stock Index |
5,257,958 | — | 7,912,297 | — | ||||||||||||
| Social Choice Equity |
5,400,121 | — | 4,457,969 | — | ||||||||||||
| Real Estate Securities |
31,281,997 | — | 32,065,035 | — | ||||||||||||
| Bond |
49,001,695 | 101,366,542 | 33,540,968 | 94,393,237 | ||||||||||||
|
|
||||||||||||||||
| TIAA-CREF Life Funds § 2012 Semiannual Report | 109 |
| Notes to financial statements (unaudited) | concluded |
Note 6—distributions to shareholders and other tax items
The tax character of distributions paid to shareholders during the year ended December 31, 2011 was as follows:
| 2011 | ||||||||||||
| Fund | Ordinary income |
Long-term capital gains |
Total | |||||||||
|
|
||||||||||||
| Growth Equity |
$ | 114,292 | $ | — | $ | 114,292 | ||||||
| Growth & Income |
832,617 | — | 832,617 | |||||||||
| International Equity |
1,625,943 | — | 1,625,943 | |||||||||
| Large-Cap Value |
976,416 | — | 976,416 | |||||||||
| Small-Cap Equity |
317,153 | — | 317,153 | |||||||||
| Stock Index |
3,369,120 | — | 3,369,120 | |||||||||
| Social Choice Equity |
650,978 | — | 650,978 | |||||||||
| Real Estate Securities |
967,504 | — | 967,504 | |||||||||
| Bond |
5,009,099 | 12,940 | 5,022,039 | |||||||||
| Money Market |
18,409 | — | 18,409 | |||||||||
|
|
||||||||||||
The tax character of the fiscal year 2012 distributions will be determined at the end of the fiscal year.
Note 7—line of credit
Each of the Funds, except the Money Market Fund, participates in a $1.5 billion unsecured revolving credit facility that can be used for temporary purposes, including, without limitation, the funding of shareholder redemptions. Certain affiliated accounts and mutual funds, each of which is managed by Advisors, or an affiliate of Advisors, also participate in this facility. An annual commitment fee for the credit facility is borne by the participating accounts and mutual funds on a pro rata basis. Interest associated with any borrowing under the facility is charged to the borrowing funds at a specified rate of interest. The Funds are not liable for borrowings under the facility by other affiliated accounts or mutual funds. For the period ended June 30, 2012, there were no borrowings under this credit facility by the Funds.
Note 8—indemnification
In the normal course of business, each Fund enters into contracts that contain a variety of representations and warranties and that provide general indemnities. A Fund’s maximum exposure under these arrangements is unknown, as this would involve future claims against the Fund that have not yet occurred. Also, under the Funds’ organizational documents, the trustees and officers of the Funds are indemnified against certain liabilities that may arise out of their duties to the Funds. However, based on experience, the Funds expect the risk of loss due to these warranties and indemnities to be unlikely.
| 110 | 2012 Semiannual Report § TIAA-CREF Life Funds |
| Board renewal of the investment advisory agreement (unaudited) |
Among its other duties, the Board of Trustees (the “Board” or the “Trustees”) of the TIAA-CREF Life Funds (the “Trust”) is responsible for determining whether to initially approve and subsequently annually renew the investment advisory agreement (the “Agreement”) between Teachers Advisors, Inc. (“TAI”) and the Trust on behalf of each series of the Trust (the “Funds”). Under the Agreement, TAI is responsible for providing investment advisory services and overseeing the everyday operations and other service providers of the Funds.
Section 15(c) of the Investment Company Act of 1940 (the “1940 Act”) requires that, after an initial period of up to two years, the Agreement for each series of the Trust will remain in effect only if the Board, including a majority of those Trustees who have no direct or indirect interest in the Agreement, and who are not “interested persons” of the Trust, as that term is defined in the 1940 Act, initially approves or annually renews that Agreement. All of the Trustees are deemed to be independent persons for this purpose.
Overview of the renewal process
The Board held a meeting on March 29, 2012, at which it considered the annual renewal of the Agreement with respect to each of the Funds using its previously established process for reviewing the Agreement. As part of this process, the Board delegated certain tasks to its Operations Committee. Among these tasks, the Operations Committee worked with TAI and legal counsel to the Trustees to develop guidelines and specific requests relating to the types of information to be provided to the Committee and to the Board in connection with the proposed contract renewals, and then helped evaluate the information provided in response to those guidelines. The Operations Committee reviewed such guidelines and requests in consultation with TAI representatives and input from other Trustees, legal counsel to the Trustees and legal counsel to TAI and the Funds, and then evaluated the information produced in accordance with those guidelines and requests.
Among other matters, the Operations Committee, following its consultations with others as noted above, confirmed or established various guidelines regarding the preparation of reports to be provided to the Board with respect to each Fund by the Global Fiduciary Review unit of Lipper, Inc. (“Lipper”). Lipper is an independent provider of investment company data that is widely recognized as a leading source of independent data used by independent directors and trustees of investment companies during their advisory contract review processes.
Based on guidelines provided by the Operations Committee on behalf of the Board, Lipper produced, among other information, extensive performance and expense comparison data regarding each Fund, including data relating to each Fund’s management fee rates, total expense ratios, short-term and long-term investment performance and, as applicable, brokerage commission costs and portfolio turnover rates. Lipper also compared certain of this data for each Fund against a universe of investment companies and against a more selective peer group of mutual funds that underlie variable products with similar investment objectives and strategies, each of which was selected by Lipper, and, in the case of the investment
| TIAA-CREF Life Funds § 2012 Semiannual Report | 111 |
| Board renewal of the investment advisory agreement (unaudited) |
performance data, against one or more appropriate broad-based benchmark indices. In each case, Lipper summarized the methodologies employed by it to provide the data contained in its reports. In addition, Lipper represented to the Board that its reports were designed specifically to provide the Board with the fee, expense and performance information that is necessary to help the Board satisfy its duties under Section 15(c) of the 1940 Act. Lipper also represented that it (and not TAI) had identified the selected comparative peer groups and universes of funds that underlie variable products and that it did so in a manner that was not intended to produce biased results for its clients.
Among other matters, the Operations Committee also requested and reviewed various information provided by TAI to facilitate the Trustees’ evaluation of the reasonableness of any profits earned by TAI with respect to its services to each Fund pursuant to the Agreement. In this connection, the Operations Committee emphasized that different Trustees could, and likely would, give different weight to different factors when evaluating the profits, if any, realized by TAI.
In advance of the Board meeting held on March 29, 2012, legal counsel for the Trustees requested on behalf of the Board, and TAI provided, extensive information that was designed to assist the Board in its consideration of whether to renew the Agreement for each Fund. In addition to the data provided by Lipper as described above, this information included, but was not limited to, the following: (1) further information relating to each Fund’s investment performance, including performance ratings provided by Morningstar, Inc. (“Morningstar”), which is a widely recognized mutual fund ranking service, and a narrative analysis of the performance of each Fund that had underperformed its Lipper peer group or (with respect to the Stock Index Fund only) benchmark by a specified amount over a three-year period, together with an explanation of any events that had had a material impact on the Fund’s performance during that period; (2) a description of any fee waiver or expense reimbursement arrangements that were in place during the prior year and the extent to which such arrangements would be continued or modified in the coming year; (3) a comparison of each Fund’s fee rate under the Agreement to the fee rates of any other comparable funds or accounts managed by TAI or its affiliates; (4) any “fall-out” benefits that accrued or were identified as reasonably likely to accrue to TAI or its affiliates due to their relationship with the Funds aside from TAI’s direct fee payments pursuant to the Agreement; (5) information regarding TAI’s financial resources, senior professional personnel, overall staffing levels, portfolio manager compensation arrangements, business continuity plans, insurance coverage, compliance programs, any material pending litigation or compliance issues, portfolio trading and best execution practices, and any actual and potential conflicts of interest identified by TAI in connection with rendering services to the Funds; (6) information as to any profits earned by TAI in connection with its services pursuant to the Agreement; (7) a copy of the Agreement and certain related service agreements between the Funds and affiliates of TAI; (8) a copy of TAI’s SEC Form ADV registration statement (which was presented only to legal counsel for the
| 112 | 2012 Semiannual Report § TIAA-CREF Life Funds |
| continued |
Trustees); and (9) proposed narrative explanations of reasons why the Board should renew the Agreement.
In considering whether to renew the Agreement with respect to each Fund, the Board, with assistance from its Operations Committee, reviewed various factors with respect to the Fund, including: (1) the nature, extent and quality of services provided or to be provided by TAI to the Fund; (2) the Fund’s investment performance; (3) the costs of the services provided to the Fund and the profits realized or potential profits to be realized (if any) by TAI and its affiliates from their relationship with the Fund; (4) the extent to which economies of scale have been realized or are anticipated to be realized as the Fund grows; (5) fees charged by other advisers for managing similar funds; (6) whether the fee schedule set forth in the Agreement reflects any such economies of scale for the benefit of Fund investors; (7) comparisons of services and fee rates with any contracts entered into by TAI with other clients to whom TAI provides comparable services; and (8) any other benefits derived or anticipated to be derived by TAI or its affiliates from their relationship with the Fund. As a general matter, the Board viewed these factors in their totality, with no single factor being the principal factor in determining whether to renew the Agreement.
In reaching its decisions regarding the renewal of the Agreement for each Fund, the Board took into account the information described above, other information provided to the Board in connection with this process, and relevant information provided to the Board and to its Committees on an ongoing basis in connection with the Board’s general oversight duties with respect to the Funds. In addition, the Board received and considered information from its legal counsel as to certain relevant guidelines that relate to the renewal process under Section 15(c) of the 1940 Act and certain other legal authorities.
The Board received and considered Fund-specific information and made its renewal determinations on a Fund-by-Fund basis. In deciding whether to renew the Agreement for each Fund, each Trustee may have accorded different weight to different factors, and thus, each Trustee may have had a different basis for his or her ultimate decision to vote to renew the Agreement for each Fund. At its meeting on March 29, 2012, the Board voted unanimously to renew the Agreement for each Fund. Set forth below are certain general factors the Board considered for all of the Funds, followed by a summary of certain specific factors the Board considered for each particular Fund.
The nature, extent and quality of services
The Board considered that TAI is an experienced investment adviser that has managed the Funds since their operations commenced. Investment professionals at TAI also manage various funds or accounts of the College Retirement Equities Fund (“CREF”), the TIAA-CREF Funds and TIAA Separate Account VA-1. Under the Agreement, TAI is responsible for, among other duties: managing the assets of the Funds, including conducting research, recommending investments and placing
| TIAA-CREF Life Funds § 2012 Semiannual Report | 113 |
| Board renewal of the investment advisory agreement (unaudited) |
orders to buy and sell securities for the Funds’ investment portfolios; active daily monitoring of the investment portfolios by various personnel with specific responsibility for the particular types of investments in question; reporting on the investment performance of the Funds to the Board on a regular basis; and carrying out, or overseeing the provision of, various administrative services to the Funds. The Board considered that TAI has carried out these responsibilities in a competent and professional manner.
The Board also considered, among other factors, the performance of each of the Funds, as discussed below. In addition, the Board considered the nature and quality of non-portfolio management services provided by TAI and its affiliates. In this regard, the Board considered its ongoing review of the performance of certain affiliated and unaffiliated service providers, including the quality of services provided by those firms and TAI’s oversight of those service providers and the outsourcing of certain services to other firms.
Investment performance
The Board considered the investment performance of each Fund, as applicable, over the periods indicated in the Fund-by-Fund synopsis below. The Board considered each Fund’s performance as compared to its peer group, peer universe and benchmark index. In this regard, the Board considered that the performance of most Funds generally compared favorably to their benchmarks (after considering the effect of expenses incurred to operate the Funds) and, with some exceptions, the Funds ranked in the top three performance quintiles versus their peer groups and universes of mutual funds that underlie variable products. (For additional detail regarding each Fund’s performance, see the Fund-by-Fund synopsis below.) The Board considered that, in those cases in which a Fund had underperformed its benchmark, peer group or peer universe of mutual funds that underlie variable products for an extended period of time, TAI had represented that it had taken or was planning to implement affirmative remedial actions that are reasonably designed to enhance the Fund’s investment performance or TAI had represented that no remedial actions were necessary. Thus, the Board concluded that, under the totality of circumstances considered, the investment performance of each Fund was within an acceptable range or that appropriate remedial actions had been or were being implemented.
Cost and profitability
The Board considered financial and profitability data relating to TAI for the calendar year 2011 with respect to the Funds. The Board considered TAI’s profit calculations with respect to its services to each Fund both before and after taking into account the costs incurred directly or indirectly by TAI in connection with the distribution of shares of the Funds. The Board acknowledged the reasonableness of having management fee rates that permit TAI to maintain and improve the quality of services provided to the Funds. The Board considered that TAI had earned profits with respect to certain Funds, but had incurred losses on other Funds. The Board
| 114 | 2012 Semiannual Report § TIAA-CREF Life Funds |
| continued |
concluded that the profits earned by TAI with respect to certain Funds were not excessive in light of various relevant factors.
During its review of TAI’s profits, the Board noted its ongoing efforts to examine the level of personnel and other resources available to TAI for its portfolio management functions so as to assess whether sufficient resources are being devoted to these functions.
Fees charged by other advisers
The Board considered information regarding fees paid to other advisers for managing similar funds that underlie variable products, as analyzed by Lipper. The Board determined that the management fee rates charged to a Fund under the Agreement typically were lower than the management fee rates charged by many or most comparable mutual funds that underlie variable products. In this connection, the Board also considered the inherent limitations of such comparisons in light of uncertainty as to how the fees of such similar mutual funds that underlie variable products are set and potentially material differences between a Fund and its comparable mutual funds. Additionally, the Board considered the potential limitations of such comparisons due to the fact that, in many instances, Lipper based its comparisons on financial data relating to fiscal periods that differed from the period for which the Fund’s data were derived. Based on all factors considered, the Board concluded that the management fee rates under the Agreement with respect to each Fund were within an acceptable range in relation to those charged by appropriate groups of comparable mutual funds that underlie variable products.
Economies of scale
The Board considered whether TAI has experienced or is anticipated to experience economies of scale in connection with the operation of each Fund. The Board determined that the current fee rates at current asset levels generally were low compared to peer groups of mutual funds that underlie variable products. Based on all factors considered, the Board concluded that the Funds’ fee schedules were within an acceptable range in light of current and potential economies of scale considerations and current asset levels.
Fee comparison with other TAI clients
The Board considered that TAI and its affiliates provide similar investment management services to other affiliated investment companies. In addition, TAI manages institutional client assets through a small number of unregistered commingled funds and separate accounts with similar investment strategies and investment staff as certain of the Funds. The Board considered the schedule of management fee rates for each of these funds and accounts, and the management fee rates actually charged to clients with current separate accounts that are managed under similar investment strategies. The Board also considered TAI’s representation that, while management fee rates charged to the Funds may differ from the management fee rates charged to these other funds and accounts, this is due in part to the fact that these other funds and accounts: are offered in different types of
| TIAA-CREF Life Funds § 2012 Semiannual Report | 115 |
| Board renewal of the investment advisory agreement (unaudited) |
markets; are provided with different types or levels of services by TAI; target different types of investors; and/or are packaged with other products, and that these factors, among others, justify different management fee rate schedules.
Other benefits
The Board also considered additional benefits to the Funds and to TAI and its affiliates arising from the Agreement. For example, TAI and its affiliates may benefit from the advisory relationship with the Funds to the extent that this relationship results in potential investors viewing the TIAA-CREF group of companies as a leading retirement plan provider in the academic and nonprofit markets and as a single source for all their financial service needs. Both TAI and certain Funds managed by TAI or its affiliates may benefit from economies of scale to the extent that these Funds are managed in the same manner and by the same personnel as certain of the CREF Accounts. Additionally, TAI and the Funds may benefit from TAI’s ability to acquire investment research related to its commission (i.e., soft dollar) arrangements.
Fund-by-fund factors
The Board considered the following specific factors (among others) in connection with its determination to renew the Agreement with respect to each Fund. If a Fund is described in the following discussions as being in the “1st” quintile, it is in the best of five groups (that is, the group has the best performance or the lowest expenses, as the case may be). References below to quintiles are based on data provided to the Board in the reports prepared by Lipper. All time periods referenced below ended as of December 31, 2011. Under the Morningstar rating system, 5 stars is the highest (best) rating category and 1 star is the lowest rating category. Statements below regarding “net profit” or “net loss” refer to whether TAI earned a profit or incurred a loss for the services that it rendered to a Fund during 2011 under the Agreement.
Growth Equity Fund
| • | The Fund’s annual contractual management fee rate is 0.45% of average daily net assets. |
| • | The Fund’s management fees and total expenses were in the 1st quintile of the group of comparable funds selected by Lipper for expense comparison purposes (“Expense Group”) and in the 1st quintile of the universe of comparable funds identified by Lipper for expense comparison purposes (“Expense Universe”). |
| • | For the one- and five-year periods, the Fund was in the 1st quintile of the group of comparable funds identified by Lipper for performance comparison purposes (“Performance Group”) and, for the two-, three-, four- and ten-year periods, the Fund was in the 3rd quintile of the universe of comparable funds identified by Lipper for performance comparison purposes (“Performance Universe”). The Fund was in the 1st, 2nd, 3rd, 3rd, 1st and 4th quintiles, respectively, of its Performance Universe for the one-, two-, three-, four-, five- and ten-year periods. |
| • | The Fund received an Overall Morningstar Rating of 3 stars. |
| • | TAI earned a net profit with respect to its services to the Fund for the one-year period. |
| 116 | 2012 Semiannual Report § TIAA-CREF Life Funds |
| continued |
Growth & Income Fund
| • | The Fund’s annual contractual management fee rate is 0.45% of average daily net assets. |
| • | The Fund’s management fees and total expenses were in the 1st quintile of its Expense Group and Expense Universe. |
| • | The Fund was in the 1st quintile of its Performance Group for the one-, two-, four-, five- and ten-year periods and in the 3rd quintile of its Performance Group for the three-year period. The Fund was in the 1st quintile of its Performance Universe for the one-, two-, four-, five- and ten-year periods, and in the 2nd quintile of its Performance Universe for the three-year period. |
| • | The Fund received an Overall Morningstar Rating of 5 stars. |
| • | TAI earned a net profit with respect to its services to the Fund for the one-year period. |
International Equity Fund
| • | The Fund’s annual contractual management fee rate is 0.50% of average daily net assets. |
| • | The Fund’s management fees and total expenses were in the 1st quintile of its Expense Group and Expense Universe. |
| • | The Fund was in the 5th quintile of its Performance Group for the one-, two-, three-, four-, five- and ten-year periods. The Fund was in the 5th quintile of its Performance Universe for the one-, two-, three-, four- and five-year periods and was in the 4th quintile of its Performance Universe for the ten-year period. |
| • | The Fund received an Overall Morningstar Rating of 3 stars. |
| • | TAI earned a net profit with respect to its services to the Fund for the one-year period. |
Large-Cap Value Fund
| • | The Fund’s annual contractual management fee rate is 0.45% of average daily net assets. |
| • | The Fund’s management fees and total expenses were in the 1st quintile of its Expense Group and Expense Universe. |
| • | The Fund was in the 4th quintile of its Performance Group for the two-, four- and five-year periods, and in the 5th and 1st quintiles of its Performance Group for the one- and three-year periods, respectively. The Fund was in the 4th quintile of its Performance Universe for the one-, two-, four- and five-year periods and in the 3rd quintile of its Performance Universe for the three-year period. |
| • | The Fund received an Overall Morningstar Rating of 3 stars. |
| • | TAI earned a net profit with respect to its services to the Fund for the one-year period. |
Small-Cap Equity Fund
| • | The Fund’s annual contractual management fee rate is 0.48% of average daily net assets. |
| • | The Fund’s management fees and total expenses were in the 1st quintile of its Expense Group and Expense Universe. |
| TIAA-CREF Life Funds § 2012 Semiannual Report | 117 |
| Board renewal of the investment advisory agreement (unaudited) |
| • | For the one-, two- and four-year periods, the Fund was in the 4th quintile of its Performance Group and, for the three- and five-year periods, the Fund was in the 5th quintile of its Performance Group. For the two- and four-year periods, the Fund was in the 2nd quintile of its Performance Universe and, for the one-, three- and five-year periods, the Fund was in the 3rd quintile of its Performance Universe. |
| • | The Fund received an Overall Morningstar Rating of 3 stars. |
| • | TAI earned a net profit with respect to its services to the Fund for the one-year period. |
Stock Index Fund
| • | The Fund’s annual contractual management fee rate is 0.06% of average daily net assets. |
| • | The Fund’s management fees and total expenses were in the 1st quintile of its Expense Group and Expense Universe. |
| • | The Fund was in the 1st, 2nd, 2nd, 2nd, 3rd and 3rd quintiles of its Performance Universe for the one-, two-, three-, four-, five- and ten-year periods, respectively. |
| • | For the one-, three-, five- and ten-year periods, the Fund’s relative gross performance (meaning the Fund’s performance without any reductions for fees or expenses) as compared to its benchmark, the Russell 3000® Index, was +1, +1, +10 and +8 basis points, respectively. |
| • | The Fund received an Overall Morningstar Rating of 4 stars. |
| • | TAI incurred a net loss with respect to its services to the Fund for the one-year period. |
Social Choice Equity Fund
| • | The Fund’s annual contractual management fee rate is 0.15% of average daily net assets. |
| • | The Fund’s management fees and total expenses were in the 1st quintile of its Expense Group and Expense Universe. |
| • | The Fund was in the 2nd quintile of its Performance Group for the two-, three-, four-, five- and ten-year periods and in the 1st quintile of its Performance Group for the one-year period. The Fund was in the 2nd quintile of its Performance Universe for the one-, two-, three-, four- and five-year periods and in the 3rd quintile of its Performance Universe for the ten-year period. |
| • | The Fund received an Overall Morningstar Rating of 4 stars. |
| • | TAI incurred a net loss with respect to its services to the Fund for the one-year period. |
Real Estate Securities Fund
| • | The Fund’s annual contractual management fee rate is 0.50% of average daily net assets. |
| • | The Fund’s management fees and total expenses were in the 1st quintile of its Expense Group and Expense Universe. |
| • | For the one-year period, the Fund was in the 4th quintile of its Performance Group and, for the two-, three-, four- and five-year periods, the Fund was in the 3rd quintile of its Performance Group. For the two-year period, the Fund was in the 2nd quintile of its Performance Universe and, for the one-, three-, four- and five-year periods, the Fund was in the 3rd quintile of its Performance Universe. |
| 118 | 2012 Semiannual Report § TIAA-CREF Life Funds |
| concluded |
| • | The Fund received an Overall Morningstar Rating of 3 stars. |
| • | TAI earned a net profit with respect to its services to the Fund for the one-year period. |
Bond Fund
| • | The Fund’s annual contractual management fee rate is 0.30% of average daily net assets. |
| • | The Fund’s management fees and total expenses were in the 1st quintile of its Expense Group and Expense Universe. |
| • | For the three-year period, the Fund was in the 5th quintile of its Performance Group and, for the one-, two-, four- and five-year periods, the Fund was in the 3rd quintile of its Performance Group. For the one- and two-year periods, the Fund was in the 3rd quintile of its Performance Universe and, for the three-, four- and five-year periods, the Fund was in the 4th quintile of its Performance Universe. |
| • | The Fund received an Overall Morningstar Rating of 3 stars. |
| • | TAI incurred a net loss with respect to its services to the Fund for the one-year period. |
Money Market Fund
| • | The Fund’s annual contractual management fee rate is 0.10% of average daily net assets. |
| • | The Fund’s management fees and total expenses were in the 2nd and 1st quintiles, respectively, of its Expense Group and in the 1st quintile of its Expense Universe. |
| • | For the one-, two-, three-, four- and five-year periods, the Fund was in the 1st quintile of its Performance Group and its Performance Universe. |
| • | Money market funds are not rated by Morningstar. |
| • | TAI incurred a net loss with respect to its services to the Fund for the one-year period. |
| • | TAI and its affiliates waived certain expenses of the Fund during the one-year period to prevent the Fund’s yield from being negative. |
Based primarily on the foregoing factors and considerations, the Board renewed the Agreement for each Fund.
| TIAA-CREF Life Funds § 2012 Semiannual Report | 119 |
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| You should carefully consider the investment objectives, risks, charges and expenses of any fund before investing. For a prospectus that contains this and other important information, please visit tiaa-cref.org, or call 800 223-1200.Please read the prospectus carefully before investing. Investment, insurance and annuity products are not FDIC insured, are not bank guaranteed, are not bank deposits, are not insured by any federal government agency, are not a condition
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to any banking service or activity, and may lose value. TIAA-CREF Brokerage Services is a division of TIAA-CREF Individual & Institutional Services, LLC.TIAA-CREF Individual & Institutional Services, LLC, and Teachers Personal Investors Services, Inc., members FINRA, distribute securities products. Insurance and annuity products are issued by TIAA-CREF Life Insurance Company, New York, NY. TIAA-CREF Trust Company, FSB provides trust services.
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| ©2012 Teachers Insurance and Annuity Association—College Retirement Equities Fund (TIAA-CREF), 730 Third Avenue, New York, NY 10017-3206. | ||
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| C5429 |
A10937 (8/12) |
Item 2. Code of Ethics.
Not Applicable.
Item 3. Audit Committee Financial Expert.
Not Applicable.
Item 4. Principal Accountant Fees and Services.
Not Applicable.
Item 5. Audit Committee of Listed Registrants.
Not Applicable.
Item 6. Schedule of Investments.
TIAA-CREF LIFE FUNDS - Growth Equity Fund
TIAA-CREF LIFE FUNDS
GROWTH EQUITY FUND
SCHEDULE OF INVESTMENTS (Unaudited)
June 30, 2012
|
SHARES |
COMPANY |
VALUE | ||||||
| COMMON STOCKS - 99.8% |
||||||||
| AUTOMOBILES & COMPONENTS - 0.2% |
||||||||
| 2,639 |
*,e | Tesla Motors, Inc |
$ | 82,574 | ||||
|
|
|
|||||||
| TOTAL AUTOMOBILES & COMPONENTS |
82,574 | |||||||
|
|
|
|||||||
| CAPITAL GOODS - 7.8% |
||||||||
| 13,096 |
Boeing Co |
973,033 | ||||||
| 2,807 |
Caterpillar, Inc |
238,342 | ||||||
| 5,203 |
e | European Aeronautic Defence and Space Co |
184,658 | |||||
| 9,855 |
Honeywell International, Inc |
550,303 | ||||||
| 5,493 |
Precision Castparts Corp |
903,544 | ||||||
| 4,870 |
Roper Industries, Inc |
480,085 | ||||||
| 1,742 |
Stanley Works |
112,115 | ||||||
|
|
|
|||||||
| TOTAL CAPITAL GOODS |
3,442,080 | |||||||
|
|
|
|||||||
| COMMERCIAL & PROFESSIONAL SERVICES - 1.3% |
||||||||
| 8,080 |
* | Nielsen Holdings NV |
211,858 | |||||
| 6,960 |
* | Verisk Analytics, Inc |
342,849 | |||||
|
|
|
|||||||
| TOTAL COMMERCIAL & PROFESSIONAL SERVICES |
554,707 | |||||||
|
|
|
|||||||
| CONSUMER DURABLES & APPAREL - 3.6% |
||||||||
| 14,181 |
Burberry Group plc |
295,260 | ||||||
| 2,230 |
* | Michael Kors Holdings Ltd |
93,303 | |||||
| 9,309 |
Nike, Inc (Class B) |
817,144 | ||||||
| 2,664 |
Ralph Lauren Corp |
373,120 | ||||||
|
|
|
|||||||
| TOTAL CONSUMER DURABLES & APPAREL |
1,578,827 | |||||||
|
|
|
|||||||
| CONSUMER SERVICES - 5.6% |
||||||||
| 8,838 |
* | Orient-Express Hotels Ltd (Class A) |
73,974 | |||||
| 20,777 |
Starbucks Corp |
1,107,830 | ||||||
| 8,258 |
Starwood Hotels & Resorts Worldwide, Inc |
438,004 | ||||||
| 4,191 |
Wynn Resorts Ltd |
434,690 | ||||||
| 6,326 |
Yum! Brands, Inc |
407,521 | ||||||
|
|
|
|||||||
| TOTAL CONSUMER SERVICES |
2,462,019 | |||||||
|
|
|
|||||||
| DIVERSIFIED FINANCIALS - 4.1% |
||||||||
| 5,777 |
American Express Co |
336,279 | ||||||
| 3,624 |
Ameriprise Financial, Inc |
189,390 | ||||||
| 28,060 |
Blackstone Group LP |
366,744 | ||||||
| 1,244 |
Capital One Financial Corp |
67,997 | ||||||
| 3,159 |
* | IntercontinentalExchange, Inc |
429,561 | |||||
| 11,339 |
Moody’s Corp |
414,440 | ||||||
|
|
|
|||||||
| TOTAL DIVERSIFIED FINANCIALS |
1,804,411 | |||||||
|
|
|
|||||||
| ENERGY - 3.7% |
||||||||
| 2,269 |
EOG Resources, Inc |
204,460 | ||||||
| 6,859 |
National Oilwell Varco, Inc |
441,994 | ||||||
| 8,409 |
Schlumberger Ltd |
545,828 | ||||||
| 15,182 |
Suncor Energy, Inc |
439,012 | ||||||
|
|
|
|||||||
| TOTAL ENERGY |
1,631,294 | |||||||
|
|
|
|||||||
| FOOD & STAPLES RETAILING - 0.5% |
||||||||
| 2,256 |
Whole Foods Market, Inc |
215,042 | ||||||
|
|
|
|||||||
| TOTAL FOOD & STAPLES RETAILING |
215,042 | |||||||
|
|
|
|||||||
| FOOD, BEVERAGE & TOBACCO - 2.7% |
||||||||
| 4,368 |
Hershey Co |
314,627 | ||||||
| 8,425 |
Mead Johnson Nutrition Co |
678,297 | ||||||
| 2,781 |
Philip Morris International, Inc |
242,670 | ||||||
|
|
|
|||||||
| TOTAL FOOD, BEVERAGE & TOBACCO |
1,235,594 | |||||||
|
|
|
|||||||
1
TIAA-CREF LIFE FUNDS - Growth Equity Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| HEALTH CARE EQUIPMENT & SERVICES - 3.5% |
||||||||
| 7,011 |
* | Cerner Corp |
$ | 579,529 | ||||
| 1,651 |
* | Edwards Lifesciences Corp |
170,549 | |||||
| 1,294 |
* | Intuitive Surgical, Inc |
716,604 | |||||
| 768 |
* | SXC Health Solutions Corp |
76,193 | |||||
|
|
|
|||||||
| TOTAL HEALTH CARE EQUIPMENT & SERVICES |
1,542,875 | |||||||
|
|
|
|||||||
| HOUSEHOLD & PERSONAL PRODUCTS - 1.0% |
||||||||
| 7,805 |
Estee Lauder Cos (Class A) |
422,407 | ||||||
|
|
|
|||||||
| TOTAL HOUSEHOLD & PERSONAL PRODUCTS |
422,407 | |||||||
|
|
|
|||||||
| MATERIALS - 4.6% |
||||||||
| 9,535 |
Ecolab, Inc |
653,433 | ||||||
| 15,232 |
Monsanto Co |
1,260,905 | ||||||
| 1,040 |
Sherwin-Williams Co |
137,645 | ||||||
|
|
|
|||||||
| TOTAL MATERIALS |
2,051,983 | |||||||
|
|
|
|||||||
| MEDIA - 5.7% |
||||||||
| 15,348 |
Comcast Corp (Class A) |
490,676 | ||||||
| 9,211 |
* | DIRECTV |
449,681 | |||||
| 4,297 |
* | Discovery Communications, Inc (Class A) |
232,038 | |||||
| 6,179 |
Scripps Networks Interactive (Class A) |
351,338 | ||||||
| 20,785 |
Walt Disney Co |
1,008,072 | ||||||
|
|
|
|||||||
| TOTAL MEDIA |
2,531,805 | |||||||
|
|
|
|||||||
| PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 10.6% |
||||||||
| 6,167 |
Abbott Laboratories |
397,586 | ||||||
| 8,392 |
Agilent Technologies, Inc |
329,302 | ||||||
| 7,625 |
* | Alexion Pharmaceuticals, Inc |
757,163 | |||||
| 7,143 |
Allergan, Inc |
661,228 | ||||||
| 4,514 |
* | Biogen Idec, Inc |
651,731 | |||||
| 4,706 |
* | BioMarin Pharmaceuticals, Inc |
186,263 | |||||
| 5,993 |
* | Gilead Sciences, Inc |
307,321 | |||||
| 4,671 |
*,e | Illumina, Inc |
188,662 | |||||
| 6,590 |
Johnson & Johnson |
445,220 | ||||||
| 3,771 |
Novo Nordisk AS (Class B) |
546,934 | ||||||
| 3,282 |
* | Onyx Pharmaceuticals, Inc |
218,089 | |||||
|
|
|
|||||||
| TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES |
4,689,499 | |||||||
|
|
|
|||||||
| REAL ESTATE - 0.7% |
||||||||
| 4,679 |
American Tower Corp |
327,109 | ||||||
|
|
|
|||||||
| TOTAL REAL ESTATE |
327,109 | |||||||
|
|
|
|||||||
| RETAILING - 4.1% |
||||||||
| 7,606 |
* | Amazon.com, Inc |
1,736,830 | |||||
| 800 |
* | Dollar Tree, Inc |
43,040 | |||||
| 340 |
Tractor Supply Co |
28,240 | ||||||
|
|
|
|||||||
| TOTAL RETAILING |
1,808,110 | |||||||
|
|
|
|||||||
| SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 1.1% |
||||||||
| 4,805 |
Avago Technologies Ltd |
172,499 | ||||||
| 9,430 |
Broadcom Corp (Class A) |
318,734 | ||||||
|
|
|
|||||||
| TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT |
491,233 | |||||||
|
|
|
|||||||
| SOFTWARE & SERVICES - 25.5% |
||||||||
| 19,077 |
* | Adobe Systems, Inc |
617,522 | |||||
| 8,709 |
* | Autodesk, Inc |
304,728 | |||||
| 1,160 |
* | Baidu, Inc (ADR) |
133,377 | |||||
| 5,845 |
* | Cognizant Technology Solutions Corp (Class A) |
350,700 | |||||
| 20,264 |
* | eBay, Inc |
851,290 | |||||
| 4,042 |
*,e | Facebook, Inc |
125,787 | |||||
| 8,403 |
* | Gartner, Inc |
361,749 | |||||
| 2,312 |
* | Google, Inc (Class A) |
1,341,122 | |||||
| 28,350 |
Intuit, Inc |
1,682,573 | ||||||
| 2,232 |
Mastercard, Inc (Class A) |
960,006 | ||||||
| 43,308 |
Microsoft Corp |
1,324,792 | ||||||
2
TIAA-CREF LIFE FUNDS - Growth Equity Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 18,410 |
* | Nuance Communications, Inc |
$ | 438,526 | ||||
| 12,192 |
* | Red Hat, Inc |
688,604 | |||||
| 4,021 |
* | Salesforce.com, Inc |
555,943 | |||||
| 2,209 |
SAP AG. |
130,807 | ||||||
| 4,056 |
* | TIBCO Software, Inc |
121,356 | |||||
| 8,762 |
Visa, Inc (Class A) |
1,083,246 | ||||||
| 2,378 |
* | VMware, Inc (Class A) |
216,493 | |||||
|
|
|
|||||||
| TOTAL SOFTWARE & SERVICES |
11,288,621 | |||||||
|
|
|
|||||||
| TECHNOLOGY HARDWARE & EQUIPMENT - 11.8% |
||||||||
| 5,667 |
* | Apple, Inc |
3,309,528 | |||||
| 34,225 |
Cisco Systems, Inc |
587,643 | ||||||
| 34,831 |
* | EMC Corp |
892,719 | |||||
| 7,785 |
Qualcomm, Inc |
433,469 | ||||||
|
|
|
|||||||
| TOTAL TECHNOLOGY HARDWARE & EQUIPMENT |
5,223,359 | |||||||
|
|
|
|||||||
| TELECOMMUNICATION SERVICES - 0.7% |
||||||||
| 6,887 |
Verizon Communications, Inc |
306,058 | ||||||
|
|
|
|||||||
| TOTAL TELECOMMUNICATION SERVICES |
306,058 | |||||||
|
|
|
|||||||
| TRANSPORTATION - 1.0% |
||||||||
| 4,957 |
FedEx Corp |
454,111 | ||||||
|
|
|
|||||||
| TOTAL TRANSPORTATION |
454,111 | |||||||
|
|
|
|||||||
| TOTAL COMMON STOCKS (Cost $39,804,792) |
44,143,718 | |||||||
|
|
|
|||||||
| SHORT-TERM INVESTMENTS - 1.0% |
||||||||
| INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 1.0% |
||||||||
| 429,488 |
c | TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust |
429,488 | |||||
|
|
|
|||||||
| TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES |
429,488 | |||||||
|
|
|
|||||||
| TOTAL SHORT-TERM INVESTMENTS (Cost $429,488) |
429,488 | |||||||
|
|
|
|||||||
| TOTAL INVESTMENTS - 100.8% (Cost $40,234,280) |
44,573,206 | |||||||
| OTHER ASSETS & LIABILITIES, NET - (0.8)% |
(371,318 | ) | ||||||
|
|
|
|||||||
| NET ASSETS - 100.0% | $ | 44,201,888 | ||||||
|
|
|
|||||||
Abbreviation(s):
| ADR | American Depositary Receipt |
| * | Non-income producing. |
| c | Investments made with cash collateral received from securities on loan. |
| e | All or a portion of these securities are out on loan. The aggregate value of securities on loan is $425,550. |
3
TIAA-CREF LIFE FUNDS - Growth & Income Fund
TIAA-CREF LIFE FUNDS
GROWTH & INCOME FUND
SCHEDULE OF INVESTMENTS (Unaudited)
June 30, 2012
|
SHARES |
COMPANY |
VALUE | ||||||
| COMMON STOCKS - 98.2% |
||||||||
| BANKS - 4.2% |
||||||||
| 22,756 |
Fifth Third Bancorp |
$ | 304,930 | |||||
| 9,133 |
* | Ocwen Financial Corp |
171,518 | |||||
| 41,624 |
Regions Financial Corp |
280,962 | ||||||
| 11,462 |
TCF Financial Corp |
131,584 | ||||||
| 27,735 |
US Bancorp |
891,958 | ||||||
| 54,330 |
Wells Fargo & Co |
1,816,795 | ||||||
|
|
|
|||||||
| TOTAL BANKS |
3,597,747 | |||||||
|
|
|
|||||||
| CAPITAL GOODS - 7.1% |
||||||||
| 4,408 |
Ametek, Inc |
220,003 | ||||||
| 6,104 |
Boeing Co |
453,527 | ||||||
| 9,372 |
Eaton Corp |
371,412 | ||||||
| 5,261 |
Emerson Electric Co |
245,058 | ||||||
| 58,636 |
General Electric Co |
1,221,974 | ||||||
| 18,268 |
Honeywell International, Inc |
1,020,085 | ||||||
| 26,471 |
Invensys plc |
92,258 | ||||||
| 7,565 |
* | Owens Corning, Inc |
215,905 | |||||
| 3,512 |
Precision Castparts Corp |
577,689 | ||||||
| 5,797 |
Roper Industries, Inc |
571,468 | ||||||
| 1,870 |
SPX Corp |
122,149 | ||||||
| 4,297 |
* | Teledyne Technologies, Inc |
264,910 | |||||
| 11,430 |
Textron, Inc |
284,264 | ||||||
| 8,320 |
Tyco International Ltd |
439,712 | ||||||
|
|
|
|||||||
| TOTAL CAPITAL GOODS |
6,100,414 | |||||||
|
|
|
|||||||
| CONSUMER DURABLES & APPAREL - 1.6% |
||||||||
| 18,839 |
DR Horton, Inc |
346,261 | ||||||
| 6,732 |
Jarden Corp |
282,878 | ||||||
| 2,398 |
Phillips-Van Heusen Corp |
186,540 | ||||||
| 2,010 |
*,e | Under Armour, Inc (Class A) |
189,905 | |||||
| 2,706 |
VF Corp |
361,116 | ||||||
|
|
|
|||||||
| TOTAL CONSUMER DURABLES & APPAREL |
1,366,700 | |||||||
|
|
|
|||||||
| CONSUMER SERVICES - 2.4% |
||||||||
| 850 |
* | Chipotle Mexican Grill, Inc (Class A) |
322,958 | |||||
| 4,146 |
McDonald’s Corp |
367,045 | ||||||
| 4,156 |
* | Penn National Gaming, Inc |
185,316 | |||||
| 10,530 |
Starbucks Corp |
561,460 | ||||||
| 3,705 |
Starwood Hotels & Resorts Worldwide, Inc |
196,513 | ||||||
| 7,458 |
Yum! Brands, Inc |
480,444 | ||||||
|
|
|
|||||||
| TOTAL CONSUMER SERVICES |
2,113,736 | |||||||
|
|
|
|||||||
| DIVERSIFIED FINANCIALS - 5.0% |
||||||||
| 10,101 |
American Express Co |
587,980 | ||||||
| 5,443 |
Ameriprise Financial, Inc |
284,451 | ||||||
| 38,606 |
Bank of America Corp |
315,797 | ||||||
| 28,852 |
Blackstone Group LP |
377,096 | ||||||
| 16,796 |
Citigroup, Inc |
460,378 | ||||||
| 22,140 |
Discover Financial Services |
765,601 | ||||||
| 2,606 |
Goldman Sachs Group, Inc |
249,811 | ||||||
| 1,602 |
* | IntercontinentalExchange, Inc |
217,840 | |||||
| 16,460 |
JPMorgan Chase & Co |
588,116 | ||||||
| 16,486 |
Morgan Stanley |
240,531 | ||||||
| 19,010 |
SLM Corp |
298,647 | ||||||
|
|
|
|||||||
| TOTAL DIVERSIFIED FINANCIALS |
4,386,248 | |||||||
|
|
|
|||||||
4
TIAA-CREF LIFE FUNDS - Growth & Income Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| ENERGY - 9.6% |
||||||||
| 11,280 |
Anadarko Petroleum Corp |
$ | 746,736 | |||||
| 16,344 |
Chevron Corp |
1,724,292 | ||||||
| 4,198 |
* | Cobalt International Energy, Inc |
98,653 | |||||
| 12,523 |
EXCO Resources, Inc |
95,050 | ||||||
| 29,914 |
Exxon Mobil Corp |
2,559,741 | ||||||
| 9,238 |
Kinder Morgan, Inc |
297,648 | ||||||
| 4,762 |
National Oilwell Varco, Inc |
306,863 | ||||||
| 2,716 |
Noble Energy, Inc |
230,371 | ||||||
| 10,940 |
Occidental Petroleum Corp |
938,324 | ||||||
| 3,366 |
Pioneer Natural Resources Co |
296,915 | ||||||
| 8,299 |
Schlumberger Ltd |
538,688 | ||||||
| 7,229 |
* | Southwestern Energy Co |
230,822 | |||||
| 5,508 |
Transocean Ltd |
246,373 | ||||||
|
|
|
|||||||
| TOTAL ENERGY |
8,310,476 | |||||||
|
|
|
|||||||
| FOOD & STAPLES RETAILING - 1.3% |
||||||||
| 11,276 |
Wal-Mart Stores, Inc |
786,163 | ||||||
| 3,163 |
Whole Foods Market, Inc |
301,497 | ||||||
|
|
|
|||||||
| TOTAL FOOD & STAPLES RETAILING |
1,087,660 | |||||||
|
|
|
|||||||
| FOOD, BEVERAGE & TOBACCO - 9.3% |
||||||||
| 5,634 |
Anheuser-Busch InBev NV (ADR) |
448,748 | ||||||
| 2,740 |
* | Annie’s, Inc |
114,696 | |||||
| 2,428 |
Beam, Inc |
151,726 | ||||||
| 1,757 |
Brown-Forman Corp (Class B) |
170,166 | ||||||
| 20,715 |
Coca-Cola Co |
1,619,706 | ||||||
| 3,774 |
Groupe Danone |
234,541 | ||||||
| 11,226 |
Hershey Co |
808,609 | ||||||
| 7,163 |
Ingredion, Inc |
354,712 | ||||||
| 4,024 |
Lorillard, Inc |
530,967 | ||||||
| 4,676 |
Mead Johnson Nutrition Co |
376,465 | ||||||
| 6,527 |
*,d | Monster Beverage Corp |
464,722 | |||||
| 9,455 |
PepsiCo, Inc |
668,090 | ||||||
| 20,736 |
Philip Morris International, Inc |
1,809,423 | ||||||
| 2,109 |
Remy Cointreau S.A. |
231,707 | ||||||
|
|
|
|||||||
| TOTAL FOOD, BEVERAGE & TOBACCO |
7,984,278 | |||||||
|
|
|
|||||||
| HEALTH CARE EQUIPMENT & SERVICES - 2.3% |
||||||||
| 16,091 |
Cardinal Health, Inc |
675,822 | ||||||
| 3,968 |
* | Cerner Corp |
327,995 | |||||
| 11,475 |
* | Express Scripts Holding Co |
640,649 | |||||
| 3,955 |
* | SXC Health Solutions Corp |
392,375 | |||||
|
|
|
|||||||
| TOTAL HEALTH CARE EQUIPMENT & SERVICES |
2,036,841 | |||||||
|
|
|
|||||||
| HOUSEHOLD & PERSONAL PRODUCTS - 1.8% |
||||||||
| 4,286 |
Colgate-Palmolive Co |
446,173 | ||||||
| 9,060 |
Estee Lauder Cos (Class A) |
490,327 | ||||||
| 9,772 |
Procter & Gamble Co |
598,535 | ||||||
|
|
|
|||||||
| TOTAL HOUSEHOLD & PERSONAL PRODUCTS |
1,535,035 | |||||||
|
|
|
|||||||
| INSURANCE - 3.2% |
||||||||
| 12,327 |
ACE Ltd |
913,801 | ||||||
| 7,948 |
Aon plc |
371,807 | ||||||
| 4,796 |
* | Berkshire Hathaway, Inc (Class B) |
399,651 | |||||
| 10,608 |
Prudential Financial, Inc |
513,745 | ||||||
| 8,625 |
Travelers Cos, Inc |
550,620 | ||||||
|
|
|
|||||||
| TOTAL INSURANCE |
2,749,624 | |||||||
|
|
|
|||||||
| MATERIALS - 3.0% |
||||||||
| 3,022 |
Ashland, Inc |
209,455 | ||||||
| 7,037 |
Cytec Industries, Inc |
412,650 | ||||||
| 6,131 |
Du Pont (E.I.) de Nemours & Co |
310,044 | ||||||
| 4,310 |
FMC Corp |
230,499 | ||||||
| 3,134 |
Georgia Gulf Corp |
80,450 | ||||||
| 5,321 |
LyondellBasell Industries AF S.C.A |
214,277 | ||||||
5
TIAA-CREF LIFE FUNDS - Growth & Income Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 11,011 |
Monsanto Co |
$ | 911,490 | |||||
| 1,203 |
PPG Industries, Inc |
127,662 | ||||||
| 2,309 |
* | WR Grace & Co |
116,489 | |||||
|
|
|
|||||||
| TOTAL MATERIALS |
2,613,016 | |||||||
|
|
|
|||||||
| MEDIA - 3.8% |
||||||||
| 10,014 |
CBS Corp (Class B) |
328,259 | ||||||
| 3,743 |
* | Charter Communications, Inc |
265,266 | |||||
| 29,526 |
Comcast Corp (Class A) |
943,946 | ||||||
| 3,976 |
Scripps Networks Interactive (Class A) |
226,075 | ||||||
| 6,656 |
Time Warner, Inc |
256,256 | ||||||
| 9,628 |
Viacom, Inc (Class B) |
452,709 | ||||||
| 15,995 |
Walt Disney Co |
775,758 | ||||||
|
|
|
|||||||
| TOTAL MEDIA |
3,248,269 | |||||||
|
|
|
|||||||
| PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 11.4% |
||||||||
| 16,993 |
Abbott Laboratories |
1,095,539 | ||||||
| 5,012 |
* | Alexion Pharmaceuticals, Inc |
497,692 | |||||
| 6,395 |
Allergan, Inc |
591,985 | ||||||
| 5,897 |
Amgen, Inc |
430,717 | ||||||
| 6,090 |
Bayer AG. |
438,841 | ||||||
| 4,518 |
* | Biogen Idec, Inc |
652,309 | |||||
| 6,252 |
* | BioMarin Pharmaceuticals, Inc |
247,454 | |||||
| 8,725 |
Bristol-Myers Squibb Co |
313,664 | ||||||
| 17,675 |
* | Gilead Sciences, Inc |
906,374 | |||||
| 3,919 |
* | Jazz Pharmaceuticals plc |
176,394 | |||||
| 19,273 |
Johnson & Johnson |
1,302,084 | ||||||
| 1,559 |
Novo Nordisk AS (Class B) |
226,112 | ||||||
| 86,725 |
Pfizer, Inc |
1,994,675 | ||||||
| 9,780 |
Teva Pharmaceutical Industries Ltd (ADR) |
385,723 | ||||||
| 7,162 |
* | Watson Pharmaceuticals, Inc |
529,916 | |||||
|
|
|
|||||||
| TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES |
9,789,479 | |||||||
|
|
|
|||||||
| REAL ESTATE - 1.9% |
||||||||
| 10,759 |
American Tower Corp |
752,162 | ||||||
| 3,350 |
Simon Property Group, Inc |
521,461 | ||||||
| 16,147 |
Weyerhaeuser Co |
361,047 | ||||||
|
|
|
|||||||
| TOTAL REAL ESTATE |
1,634,670 | |||||||
|
|
|
|||||||
| RETAILING - 4.9% |
||||||||
| 1,709 |
*,d | Amazon.com, Inc |
390,250 | |||||
| 16,055 |
Foot Locker, Inc |
490,962 | ||||||
| 6,645 |
GNC Holdings, Inc |
260,484 | ||||||
| 21,814 |
Home Depot, Inc |
1,155,924 | ||||||
| 14,268 |
Macy’s, Inc |
490,106 | ||||||
| 5,082 |
Petsmart, Inc |
346,491 | ||||||
| 3,671 |
Tiffany & Co |
194,379 | ||||||
| 17,537 |
TJX Companies, Inc |
752,863 | ||||||
| 4,715 |
* | Urban Outfitters, Inc |
130,087 | |||||
|
|
|
|||||||
| TOTAL RETAILING |
4,211,546 | |||||||
|
|
|
|||||||
| SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.0% |
||||||||
| 12,534 |
Avago Technologies Ltd |
449,971 | ||||||
| 28,563 |
* | Imagination Technologies Group plc |
209,283 | |||||
| 30,266 |
Intel Corp |
806,589 | ||||||
| 31,205 |
* | ON Semiconductor Corp |
221,555 | |||||
|
|
|
|||||||
| TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT |
1,687,398 | |||||||
|
|
|
|||||||
| SOFTWARE & SERVICES - 8.6% |
||||||||
| 10,003 |
* | Aspen Technology, Inc |
231,570 | |||||
| 17,916 |
* | eBay, Inc |
752,651 | |||||
| 993 |
*,d | Equinix, Inc |
174,420 | |||||
| 6,491 |
Fidelity National Information Services, Inc |
221,213 | ||||||
| 1,323 |
*,d | Google, Inc (Class A) |
767,433 | |||||
| 9,770 |
IAC/InterActiveCorp |
445,512 | ||||||
| 4,237 |
International Business Machines Corp |
828,673 | ||||||
6
TIAA-CREF LIFE FUNDS - Growth & Income Fund
|
SHARES |
COMPANY |
VALUE | ||||||||||
| 1,955 |
*,d,e | LinkedIn Corp |
$ | 207,758 | ||||||||
| 4,396 |
* | Micros Systems, Inc |
225,075 | |||||||||
| 49,483 |
Microsoft Corp |
1,513,685 | ||||||||||
| 1,571 |
* | MicroStrategy, Inc (Class A) |
204,010 | |||||||||
| 39,065 |
Oracle Corp |
1,160,231 | ||||||||||
| 34,881 |
* | Symantec Corp |
509,611 | |||||||||
| 11,872 |
* | Yahoo!, Inc |
187,934 | |||||||||
|
|
|
|||||||||||
| TOTAL SOFTWARE & SERVICES |
7,429,776 | |||||||||||
|
|
|
|||||||||||
| TECHNOLOGY HARDWARE & EQUIPMENT - 8.7% |
||||||||||||
| 7,317 |
* | Apple, Inc |
4,273,128 | |||||||||
| 51,463 |
Cisco Systems, Inc |
883,620 | ||||||||||
| 537 |
* | Comverse Technology, Inc |
3,125 | |||||||||
| 15,096 |
* | EMC Corp |
386,910 | |||||||||
| 14,710 |
Hewlett-Packard Co |
295,818 | ||||||||||
| 31,168 |
* | JDS Uniphase Corp |
342,848 | |||||||||
| 9,801 |
* | NetApp, Inc |
311,868 | |||||||||
| 16,279 |
Qualcomm, Inc |
906,415 | ||||||||||
| 6,717 |
* | Riverbed Technology, Inc |
108,480 | |||||||||
|
|
|
|||||||||||
| TOTAL TECHNOLOGY HARDWARE & EQUIPMENT |
7,512,212 | |||||||||||
|
|
|
|||||||||||
| TELECOMMUNICATION SERVICES - 1.9% |
||||||||||||
| 41,118 |
AT&T, Inc |
1,466,268 | ||||||||||
| 5,266 |
* | tw telecom inc (Class A) |
135,126 | |||||||||
|
|
|
|||||||||||
| TOTAL TELECOMMUNICATION SERVICES |
1,601,394 | |||||||||||
|
|
|
|||||||||||
| TRANSPORTATION - 1.6% |
||||||||||||
| 20,400 |
CSX Corp |
456,144 | ||||||||||
| 3,327 |
Kansas City Southern Industries, Inc |
231,426 | ||||||||||
| 4,590 |
* | Old Dominion Freight Line |
198,701 | |||||||||
| 6,840 |
United Parcel Service, Inc (Class B) |
538,718 | ||||||||||
|
|
|
|||||||||||
| TOTAL TRANSPORTATION |
1,424,989 | |||||||||||
|
|
|
|||||||||||
| UTILITIES - 2.6% |
||||||||||||
| 7,075 |
American Water Works Co, Inc |
242,531 | ||||||||||
| 12,913 |
* | Calpine Corp |
213,194 | |||||||||
| 23,818 |
Centerpoint Energy, Inc |
492,318 | ||||||||||
| 9,353 |
Duke Energy Corp |
215,680 | ||||||||||
| 13,797 |
Edison International |
637,421 | ||||||||||
| 4,485 |
Exelon Corp |
168,726 | ||||||||||
| 11,890 |
NiSource, Inc |
294,277 | ||||||||||
|
|
|
|||||||||||
| TOTAL UTILITIES |
2,264,147 | |||||||||||
|
|
|
|||||||||||
| TOTAL COMMON STOCKS (Cost $76,144,451) |
84,685,655 | |||||||||||
|
|
|
|||||||||||
7
TIAA-CREF LIFE FUNDS - Growth & Income Fund
|
PRINCIPAL |
ISSUER |
RATE |
MATURITY |
VALUE | ||||||||
| SHORT-TERM INVESTMENTS - 1.7% |
||||||||||||
| GOVERNMENT AGENCY DEBT - 1.4% |
||||||||||||
| $1,200,000 |
Federal Home Loan Bank (FHLB) |
0.001% |
07/02/12 |
$ | 1,200,000 | |||||||
|
|
|
|||||||||||
| 1,200,000 | ||||||||||||
|
|
|
|||||||||||
|
SHARES |
COMPANY |
|||||||||||
| INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.3% |
||||||||||||
| 293,603 |
c | TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust |
293,602 | |||||||||
|
|
|
|||||||||||
| TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES |
293,602 | |||||||||||
|
|
|
|||||||||||
| TOTAL SHORT-TERM INVESTMENTS (Cost $1,493,603) |
1,493,602 | |||||||||||
|
|
|
|||||||||||
| TOTAL INVESTMENTS - 99.9% (Cost $77,638,054) |
86,179,257 | |||||||||||
| OTHER ASSETS & LIABILITIES, NET - 0.1% |
58,261 | |||||||||||
|
|
|
|||||||||||
| NET ASSETS - 100.0% |
$ | 86,237,518 | ||||||||||
|
|
|
|||||||||||
Abbreviation(s):
| ADR | American Depositary Receipt |
| * | 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 by the custodian to cover requirements on open written options contracts. |
| e | All or a portion of these securities are out on loan. The aggregate value of securities on loan is $298,867. |
8
TIAA-CREF LIFE FUNDS - International Equity Fund
TIAA-CREF LIFE FUNDS
INTERNATIONAL EQUITY FUND
SCHEDULE OF INVESTMENTS (Unaudited)
June 30, 2012
|
SHARES |
COMPANY |
VALUE | ||||||
| COMMON STOCKS - 100.9% |
||||||||
| BELGIUM - 1.5% |
||||||||
| 27,309 |
UCB S.A. |
$ | 1,379,524 | |||||
|
|
|
|||||||
| TOTAL BELGIUM |
1,379,524 | |||||||
|
|
|
|||||||
| FRANCE - 7.5% |
||||||||
| 60,136 |
BNP Paribas |
2,318,524 | ||||||
| 15,233 |
Compagnie Generale d’Optique Essilor International S.A. |
1,415,141 | ||||||
| 10,790 |
e | Edenred |
305,889 | |||||
| 43,285 |
e | Lafarge S.A. |
1,933,029 | |||||
| 4,063 |
Technip S.A. |
423,429 | ||||||
|
|
|
|||||||
| TOTAL FRANCE |
6,396,012 | |||||||
|
|
|
|||||||
| GERMANY - 19.1% |
||||||||
| 87,623 |
Bayer AG. |
6,314,048 | ||||||
| 15,973 |
Beiersdorf AG. |
1,035,490 | ||||||
| 51,789 |
Henkel KGaA (Preference) |
3,441,160 | ||||||
| 55,537 |
Lanxess AG. |
3,514,631 | ||||||
| 14,247 |
Merck KGaA |
1,422,796 | ||||||
| 17,053 |
Rheinmetall AG. |
838,276 | ||||||
|
|
|
|||||||
| TOTAL GERMANY |
16,566,401 | |||||||
|
|
|
|||||||
| HONG KONG - 3.5% |
||||||||
| 1,484,000 |
Li & Fung Ltd |
2,873,395 | ||||||
| 234,000 |
Trinity Ltd |
148,233 | ||||||
|
|
|
|||||||
| TOTAL HONG KONG |
3,021,628 | |||||||
|
|
|
|||||||
| INDIA - 4.2% |
||||||||
| 214,478 |
DLF Ltd |
770,856 | ||||||
| 242,153 |
HDFC Bank Ltd |
2,466,404 | ||||||
| 28,483 |
United Spirits Ltd |
350,795 | ||||||
|
|
|
|||||||
| TOTAL INDIA |
3,588,055 | |||||||
|
|
|
|||||||
| ITALY - 0.2% |
||||||||
| 4,274 |
Saipem S.p.A. |
190,340 | ||||||
|
|
|
|||||||
| TOTAL ITALY |
190,340 | |||||||
|
|
|
|||||||
| JAPAN - 13.1% |
||||||||
| 44,100 |
Asics Corp |
559,435 | ||||||
| 15,770 |
e | Canon, Inc |
629,389 | |||||
| 15,800 |
Daikin Industries Ltd |
444,965 | ||||||
| 14,822 |
Denso Corp |
506,482 | ||||||
| 750 |
* | Fanuc Ltd |
123,286 | |||||
| 3,200 |
Fast Retailing Co Ltd |
640,293 | ||||||
| 265,000 |
Hitachi Ltd |
1,633,948 | ||||||
| 12,300 |
JS Group Corp |
259,582 | ||||||
| 25,800 |
JTEKT Corp |
267,123 | ||||||
| 2,003 |
Kao Corp |
55,239 | ||||||
| 1,680 |
Komatsu Ltd |
40,104 | ||||||
| 16,700 |
e | Konami Corp |
378,402 | |||||
| 1,693 |
Mitsubishi Corp |
34,223 | ||||||
| 13,016 |
Mitsubishi Electric Corp |
108,898 | ||||||
| 18,000 |
Mitsubishi Heavy Industries Ltd |
73,173 | ||||||
| 65,853 |
Mitsubishi UFJ Financial Group, Inc |
315,494 | ||||||
| 7,000 |
Mitsui Trust Holdings, Inc |
20,920 | ||||||
| 750 |
Nitto Denko Corp |
32,133 | ||||||
| 1,750 |
* | NOK Corp |
37,365 | |||||
| 3,253 |
e | Nomura Holdings, Inc |
12,162 | |||||
| 23,500 |
Sanrio Co Ltd |
856,769 | ||||||
9
TIAA-CREF LIFE FUNDS - International Equity Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 35,850 |
Shin-Etsu Chemical Co Ltd |
$ | 1,974,188 | |||||
| 1,650 |
*,e | Sony Corp |
23,594 | |||||
| 3,850 |
Sumitomo Corp |
53,868 | ||||||
| 3,200 |
Sumitomo Metal Mining Co Ltd |
36,061 | ||||||
| 3,000 |
e | Suruga Bank Ltd |
30,727 | |||||
| 317,500 |
e | Teijin Ltd |
966,520 | |||||
| 27,800 |
Toyota Motor Corp |
1,122,069 | ||||||
| 2,800 |
e | United Arrows Ltd |
70,001 | |||||
|
|
|
|||||||
| TOTAL JAPAN |
11,306,413 | |||||||
|
|
|
|||||||
| NETHERLANDS - 0.1% |
||||||||
| 821 |
Royal Dutch Shell plc (A Shares) |
27,662 | ||||||
|
|
|
|||||||
| TOTAL NETHERLANDS |
27,662 | |||||||
|
|
|
|||||||
| SWEDEN - 4.3% |
||||||||
| 50,064 |
Assa Abloy AB (Class B) |
1,398,089 | ||||||
| 120,048 |
SKF AB (B Shares) |
2,366,384 | ||||||
|
|
|
|||||||
| TOTAL SWEDEN |
3,764,473 | |||||||
|
|
|
|||||||
| SWITZERLAND - 14.2% |
||||||||
| 64,899 |
e | Adecco S.A. |
2,886,044 | |||||
| 3,880 |
Burckhardt Compression Holding AG. |
996,596 | ||||||
| 238,108 |
* | Clariant AG. |
2,353,073 | |||||
| 3,235 |
Credit Suisse Group |
59,191 | ||||||
| 592 |
Givaudan S.A. |
581,027 | ||||||
| 34,824 |
Holcim Ltd |
1,929,439 | ||||||
| 4,020 |
Nestle S.A. |
239,906 | ||||||
| 12,985 |
Swatch Group AG. Reg |
903,385 | ||||||
| 15,166 |
Tecan Group AG. |
1,046,592 | ||||||
| 113,088 |
* | UBS AG. (Switzerland) |
1,323,375 | |||||
|
|
|
|||||||
| TOTAL SWITZERLAND |
12,318,628 | |||||||
|
|
|
|||||||
| TAIWAN - 0.1% |
||||||||
| 342,000 |
Yageo Corp |
100,912 | ||||||
|
|
|
|||||||
| TOTAL TAIWAN |
100,912 | |||||||
|
|
|
|||||||
| UNITED KINGDOM - 33.1% |
||||||||
| 6,781 |
* | Afren plc |
11,023 | |||||
| 487,364 |
Barclays plc |
1,245,337 | ||||||
| 16,469 |
BG Group plc |
337,145 | ||||||
| 144,793 |
British Sky Broadcasting plc |
1,578,518 | ||||||
| 125,786 |
Carnival plc |
4,300,687 | ||||||
| 105,429 |
Compass Group plc |
1,106,691 | ||||||
| 290,332 |
Filtrona plc |
2,177,757 | ||||||
| 30,775 |
Imperial Tobacco Group plc |
1,185,707 | ||||||
| 1,509,576 |
Man Group plc |
1,806,312 | ||||||
| 34,229 |
Petrofac Ltd |
747,127 | ||||||
| 64,246 |
Reckitt Benckiser Group plc |
3,395,850 | ||||||
| 229,930 |
Reed Elsevier plc |
1,842,923 | ||||||
| 2,952 |
* | Rockhopper Exploration plc |
11,924 | |||||
| 106,113 |
Smiths Group plc |
1,685,219 | ||||||
| 212,305 |
Tate & Lyle plc |
2,156,154 | ||||||
| 76,031 |
Tullow Oil plc |
1,757,272 | ||||||
| 90,998 |
Wolseley plc |
3,391,739 | ||||||
|
|
|
|||||||
| TOTAL UNITED KINGDOM |
28,737,385 | |||||||
|
|
|
|||||||
| TOTAL COMMON STOCKS (Cost $96,398,583) |
87,397,433 | |||||||
|
|
|
|||||||
10
TIAA-CREF LIFE FUNDS - International Equity Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| SHORT-TERM INVESTMENTS - 6.2% |
||||||||
| INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 6.2% |
||||||||
| 5,333,952 |
c | TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust |
$ | 5,333,952 | ||||
|
|
|
|||||||
| TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES |
5,333,952 | |||||||
|
|
|
|||||||
| TOTAL SHORT-TERM INVESTMENTS (Cost $5,333,952) |
5,333,952 | |||||||
|
|
|
|||||||
| TOTAL INVESTMENTS - 107.1% (Cost $101,732,535) |
92,731,385 | |||||||
| OTHER ASSETS & LIABILITIES, NET - (7.1)% |
(6,153,139 | ) | ||||||
|
|
|
|||||||
| NET ASSETS - 100.0% | $ | 86,578,246 | ||||||
|
|
|
|||||||
| * | Non-income producing. |
| c | Investments made with cash collateral received from securities on loan. |
| e | All or a portion of these securities are out on loan. The aggregate value of securities on loan is $ 5,243,370. |
11
TIAA-CREF LIFE FUNDS - International Equity Fund
TIAA-CREF FUNDS
INTERNATIONAL EQUITY FUND
SUMMARY OF MARKET VALUES BY SECTOR (unaudited)
June 30, 2012
|
SECTOR |
VALUE | % OF NET ASSETS |
||||||
| CONSUMER DISCRETIONARY |
$ | 16,569,840 | 19.0 | % | ||||
| MATERIALS |
15,497,859 | 17.9 | ||||||
| INDUSTRIALS |
15,273,458 | 17.6 | ||||||
| CONSUMER STAPLES |
11,860,301 | 13.7 | ||||||
| HEALTH CARE |
11,578,100 | 13.4 | ||||||
| FINANCIALS |
10,369,301 | 12.0 | ||||||
| ENERGY |
3,505,923 | 4.1 | ||||||
| INFORMATION TECHNOLOGY |
2,742,651 | 3.2 | ||||||
| SHORT - TERM INVESTMENTS |
5,333,952 | 6.2 | ||||||
| OTHER ASSETS & LIABILITIES, NET |
(6,153,139 | ) | (7.1 | ) | ||||
|
|
|
|
|
|||||
| NET ASSETS |
$ | 86,578,246 | 100.0 | % | ||||
|
|
|
|
|
|||||
12
TIAA-CREF LIFE FUNDS - Large-Cap Value Fund
TIAA-CREF LIFE FUNDS
LARGE-CAP VALUE FUND
SCHEDULE OF INVESTMENTS (Unaudited)
June 30, 2012
|
SHARES |
COMPANY |
VALUE | ||||||
| COMMON STOCKS - 99.9% |
||||||||
| AUTOMOBILES & COMPONENTS - 0.4% |
||||||||
| 15,053 |
* | American Axle & Manufacturing Holdings, Inc |
$ | 157,906 | ||||
| 3,102 |
* | Visteon Corp |
116,325 | |||||
|
|
|
|||||||
| TOTAL AUTOMOBILES & COMPONENTS |
274,231 | |||||||
|
|
|
|||||||
| BANKS - 6.0% |
||||||||
| 3,139 |
BB&T Corp |
96,838 | ||||||
| 101,500 |
BOC Hong Kong Holdings Ltd |
312,463 | ||||||
| 11,758 |
Fifth Third Bancorp |
157,557 | ||||||
| 10,498 |
First Horizon National Corp |
90,808 | ||||||
| 40,153 |
Huntington Bancshares, Inc |
256,979 | ||||||
| 975 |
PNC Financial Services Group, Inc |
59,582 | ||||||
| 41,172 |
Regions Financial Corp |
277,911 | ||||||
| 4,093 |
SunTrust Banks, Inc |
99,173 | ||||||
| 16,476 |
TCF Financial Corp |
189,145 | ||||||
| 20,981 |
US Bancorp |
674,749 | ||||||
| 50,275 |
Wells Fargo & Co |
1,681,196 | ||||||
|
|
|
|||||||
| TOTAL BANKS |
3,896,401 | |||||||
|
|
|
|||||||
| CAPITAL GOODS - 9.1% |
||||||||
| 8,084 |
Boeing Co |
600,641 | ||||||
| 13,562 |
CAE, Inc |
131,744 | ||||||
| 14,312 |
* | Edwards Group Ltd (ADR) |
113,923 | |||||
| 102,492 |
General Electric Co |
2,135,933 | ||||||
| 7,092 |
Honeywell International, Inc |
396,017 | ||||||
| 6,586 |
Illinois Tool Works, Inc |
348,334 | ||||||
| 4,072 |
Ingersoll-Rand plc |
171,757 | ||||||
| 45,249 |
Invensys plc |
157,704 | ||||||
| 1,560 |
L-3 Communications Holdings, Inc |
115,455 | ||||||
| 23,823 |
Masco Corp |
330,425 | ||||||
| 5,088 |
*,e | Polypore International, Inc |
205,504 | |||||
| 5,779 |
SPX Corp |
377,484 | ||||||
| 7,056 |
Textron, Inc |
175,483 | ||||||
| 12,401 |
Tyco International Ltd |
655,393 | ||||||
|
|
|
|||||||
| TOTAL CAPITAL GOODS |
5,915,797 | |||||||
|
|
|
|||||||
| CONSUMER DURABLES & APPAREL - 1.2% |
||||||||
| 8,461 |
Jarden Corp |
355,531 | ||||||
| 37,297 |
* | Pulte Homes, Inc |
399,078 | |||||
|
|
|
|||||||
| TOTAL CONSUMER DURABLES & APPAREL |
754,609 | |||||||
|
|
|
|||||||
| CONSUMER SERVICES - 1.6% |
||||||||
| 13,888 |
Carnival Corp |
475,942 | ||||||
| 562 |
Interval Leisure Group, Inc |
10,684 | ||||||
| 19,859 |
* | Orient-Express Hotels Ltd (Class A) |
166,220 | |||||
| 7,521 |
* | Penn National Gaming, Inc |
335,361 | |||||
| 1,378 |
Six Flags Entertainment Corp |
74,660 | ||||||
|
|
|
|||||||
| TOTAL CONSUMER SERVICES |
1,062,867 | |||||||
|
|
|
|||||||
| DIVERSIFIED FINANCIALS - 8.2% |
||||||||
| 8,838 |
Apollo Management LP |
109,591 | ||||||
| 86,219 |
Bank of America Corp |
705,271 | ||||||
| 28,302 |
Blackstone Group LP |
369,907 | ||||||
| 7,210 |
Capital One Financial Corp |
394,099 | ||||||
| 37,346 |
Citigroup, Inc |
1,023,654 | ||||||
| 5,758 |
Deutsche Bank AG. |
207,825 | ||||||
| 14,890 |
Discover Financial Services |
514,896 | ||||||
| 1,261 |
Goldman Sachs Group, Inc |
120,880 | ||||||
| 16,872 |
JPMorgan Chase & Co |
602,837 | ||||||
13
TIAA-CREF LIFE FUNDS - Large-Cap Value Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 42,415 |
Morgan Stanley |
$ | 618,835 | |||||
| 9,621 |
State Street Corp |
429,481 | ||||||
| 19,828 |
UBS A.G. |
232,186 | ||||||
|
|
|
|||||||
| TOTAL DIVERSIFIED FINANCIALS |
5,329,462 | |||||||
|
|
|
|||||||
| ENERGY - 16.2% |
||||||||
| 5,721 |
Anadarko Petroleum Corp |
378,730 | ||||||
| 4,373 |
Baker Hughes, Inc |
179,730 | ||||||
| 4,002 |
Cabot Oil & Gas Corp |
157,679 | ||||||
| 5,291 |
Cenovus Energy, Inc |
168,254 | ||||||
| 16,572 |
Chevron Corp |
1,748,346 | ||||||
| 12,680 |
* | Cobalt International Energy, Inc |
297,980 | |||||
| 4,875 |
e | Crescent Point Energy Corp |
181,957 | |||||
| 8,245 |
Energy Transfer Partners LP |
364,346 | ||||||
| 2,236 |
EOG Resources, Inc |
201,486 | ||||||
| 1,009 |
Equitable Resources, Inc |
54,113 | ||||||
| 36,305 |
e | EXCO Resources, Inc |
275,555 | |||||
| 36,638 |
Exxon Mobil Corp |
3,135,114 | ||||||
| 27,207 |
* | Kodiak Oil & Gas Corp |
223,369 | |||||
| 3,455 |
Marathon Petroleum Corp |
155,199 | ||||||
| 18,027 |
* | Matador Resources Co |
193,610 | |||||
| 1,188 |
Noble Energy, Inc |
100,766 | ||||||
| 15,628 |
Occidental Petroleum Corp |
1,340,414 | ||||||
| 1,027 |
* | Phillips 66 |
34,137 | |||||
| 13,142 |
* | Southwestern Energy Co |
419,624 | |||||
| 274 |
Spectra Energy Corp |
7,962 | ||||||
| 5 |
Sunoco, Inc |
237 | ||||||
| 6,157 |
Transocean Ltd |
275,403 | ||||||
| 40,942 |
* | Weatherford International Ltd |
517,097 | |||||
| 5,741 |
Williams Cos, Inc |
165,456 | ||||||
|
|
|
|||||||
| TOTAL ENERGY |
10,576,564 | |||||||
|
|
|
|||||||
| FOOD & STAPLES RETAILING - 0.4% |
||||||||
| 2,960 |
CVS Corp |
138,321 | ||||||
| 4,940 |
Walgreen Co |
146,125 | ||||||
|
|
|
|||||||
| TOTAL FOOD & STAPLES RETAILING |
284,446 | |||||||
|
|
|
|||||||
| FOOD, BEVERAGE & TOBACCO - 4.7% |
||||||||
| 12,643 |
Altria Group, Inc |
436,816 | ||||||
| 11,710 |
e | Consumer Staples Select Sector SPDR Fund |
407,156 | |||||
| 7,229 |
* | DE Master Blenders 1753 NV |
81,511 | |||||
| 3,797 |
General Mills, Inc |
146,337 | ||||||
| 1,446 |
* | Hillshire Brands Co |
41,914 | |||||
| 16,556 |
Kraft Foods, Inc (Class A) |
639,393 | ||||||
| 2,182 |
Lorillard, Inc |
287,915 | ||||||
| 5,645 |
PepsiCo, Inc |
398,876 | ||||||
| 1,466 |
Philip Morris International, Inc |
127,923 | ||||||
| 4,087 |
* | Ralcorp Holdings, Inc |
272,766 | |||||
| 2,344 |
Remy Cointreau S.A. |
257,525 | ||||||
|
|
|
|||||||
| TOTAL FOOD, BEVERAGE & TOBACCO |
3,098,132 | |||||||
|
|
|
|||||||
| HEALTH CARE EQUIPMENT & SERVICES - 3.2% |
||||||||
| 3,995 |
Baxter International, Inc |
212,334 | ||||||
| 26,325 |
* | Boston Scientific Corp |
149,263 | |||||
| 14,141 |
Cardinal Health, Inc |
593,922 | ||||||
| 4,114 |
Cigna Corp |
181,016 | ||||||
| 13,837 |
UnitedHealth Group, Inc |
809,465 | ||||||
| 1,776 |
WellPoint, Inc |
113,291 | ||||||
|
|
|
|||||||
| TOTAL HEALTH CARE EQUIPMENT & SERVICES |
2,059,291 | |||||||
|
|
|
|||||||
| HOUSEHOLD & PERSONAL PRODUCTS - 2.4% |
||||||||
| 5,044 |
Avon Products, Inc |
81,764 | ||||||
| 23,895 |
Procter & Gamble Co |
1,463,569 | ||||||
|
|
|
|||||||
| TOTAL HOUSEHOLD & PERSONAL PRODUCTS |
1,545,333 | |||||||
|
|
|
|||||||
14
TIAA-CREF LIFE FUNDS - Large-Cap Value Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| INSURANCE - 6.7% |
||||||||
| 6,935 |
ACE Ltd |
$ | 514,092 | |||||
| 8,319 |
Allstate Corp |
291,914 | ||||||
| 3,285 |
Aon plc |
153,672 | ||||||
| 2 |
* | Berkshire Hathaway, Inc |
249,890 | |||||
| 4,079 |
* | Berkshire Hathaway, Inc (Class B) |
339,903 | |||||
| 1,852 |
Everest Re Group Ltd |
191,663 | ||||||
| 4,565 |
Hartford Financial Services Group, Inc |
80,481 | ||||||
| 12,257 |
Marsh & McLennan Cos, Inc |
395,043 | ||||||
| 1,707 |
Max Capital Group Ltd |
39,858 | ||||||
| 12,493 |
Metlife, Inc |
385,409 | ||||||
| 1,607 |
PartnerRe Ltd |
121,602 | ||||||
| 15,177 |
Principal Financial Group |
398,093 | ||||||
| 8,457 |
Prudential Financial, Inc |
409,573 | ||||||
| 1,850 |
RenaissanceRe Holdings Ltd |
140,618 | ||||||
| 7,362 |
Travelers Cos, Inc |
469,990 | ||||||
| 9,368 |
XL Capital Ltd |
197,103 | ||||||
|
|
|
|||||||
| TOTAL INSURANCE |
4,378,904 | |||||||
|
|
|
|||||||
| MATERIALS - 2.1% |
||||||||
| 3,530 |
Ashland, Inc |
244,664 | ||||||
| 9,595 |
Georgia Gulf Corp |
246,304 | ||||||
| 17,135 |
PolyOne Corp |
234,406 | ||||||
| 12,000 |
e | Teijin Ltd |
36,530 | |||||
| 6,847 |
Walter Energy, Inc |
302,364 | ||||||
| 5,155 |
e | Westlake Chemical Corp |
269,400 | |||||
|
|
|
|||||||
| TOTAL MATERIALS |
1,333,668 | |||||||
|
|
|
|||||||
| MEDIA - 3.2% |
||||||||
| 16,399 |
Comcast Corp (Class A) |
524,276 | ||||||
| 11,447 |
DISH Network Corp (Class A) |
326,812 | ||||||
| 9,849 |
News Corp (Class A) |
219,534 | ||||||
| 8,589 |
Time Warner, Inc |
330,677 | ||||||
| 14,376 |
Walt Disney Co |
697,236 | ||||||
|
|
|
|||||||
| TOTAL MEDIA |
2,098,535 | |||||||
|
|
|
|||||||
| PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 9.5% |
||||||||
| 3,832 |
Amgen, Inc |
279,889 | ||||||
| 53,251 |
* | Biovitrum AB |
181,525 | |||||
| 6,219 |
Eli Lilly & Co |
266,857 | ||||||
| 19,624 |
Johnson & Johnson |
1,325,798 | ||||||
| 25,427 |
Merck & Co, Inc |
1,061,577 | ||||||
| 83,407 |
Pfizer, Inc |
1,918,361 | ||||||
| 21,702 |
Teva Pharmaceutical Industries Ltd (ADR) |
855,927 | ||||||
| 5,634 |
* | Viropharma, Inc |
133,526 | |||||
| 11,099 |
Warner Chilcott plc |
198,894 | ||||||
|
|
|
|||||||
| TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES |
6,222,354 | |||||||
|
|
|
|||||||
| REAL ESTATE - 3.2% |
||||||||
| 971 |
Boston Properties, Inc |
105,227 | ||||||
| 33,835 |
Chimera Investment Corp |
79,851 | ||||||
| 12,612 |
* | Forest City Enterprises, Inc (Class A) |
184,135 | |||||
| 3,287 |
General Growth Properties, Inc |
59,462 | ||||||
| 15,448 |
Kimco Realty Corp |
293,975 | ||||||
| 4,031 |
Mack-Cali Realty Corp |
117,181 | ||||||
| 4,422 |
Potlatch Corp |
141,239 | ||||||
| 121 |
* | Rouse Properties, Inc |
1,640 | |||||
| 2,441 |
SL Green Realty Corp |
195,866 | ||||||
| 4,624 |
Starwood Property Trust, Inc |
98,537 | ||||||
| 536 |
Vornado Realty Trust |
45,013 | ||||||
| 27,176 |
Weyerhaeuser Co |
607,655 | ||||||
| 24,000 |
Wharf Holdings Ltd |
133,463 | ||||||
|
|
|
|||||||
| TOTAL REAL ESTATE |
2,063,244 | |||||||
|
|
|
|||||||
15
TIAA-CREF LIFE FUNDS - Large-Cap Value Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| RETAILING - 2.5% |
||||||||
| 4,044 |
Abercrombie & Fitch Co (Class A) |
$ | 138,062 | |||||
| 17,388 |
Best Buy Co, Inc |
364,452 | ||||||
| 4,561 |
Expedia, Inc |
219,247 | ||||||
| 20,742 |
e | JC Penney Co, Inc |
483,496 | |||||
| 48,000 |
Li & Fung Ltd |
92,940 | ||||||
| 5,108 |
Lowe’s Companies, Inc |
145,272 | ||||||
| 8,322 |
* | Urban Outfitters, Inc |
229,604 | |||||
|
|
|
|||||||
| TOTAL RETAILING |
1,673,073 | |||||||
|
|
|
|||||||
| SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 1.7% |
||||||||
| 4,845 |
Avago Technologies Ltd |
173,936 | ||||||
| 5,524 |
Broadcom Corp (Class A) |
186,711 | ||||||
| 14,264 |
*,e | Freescale Semiconductor Holdings Ltd |
146,206 | |||||
| 7,024 |
* | Lam Research Corp |
265,086 | |||||
| 32,875 |
* | ON Semiconductor Corp |
233,412 | |||||
| 27,543 |
* | RF Micro Devices, Inc |
117,058 | |||||
|
|
|
|||||||
| TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT |
1,122,409 | |||||||
|
|
|
|||||||
| SOFTWARE & SERVICES - 2.3% |
||||||||
| 1,606 |
* | Alliance Data Systems Corp |
216,810 | |||||
| 13,203 |
* | AOL, Inc |
370,740 | |||||
| 2,862 |
DST Systems, Inc |
155,435 | ||||||
| 13,285 |
* | eBay, Inc |
558,103 | |||||
| 326 |
* | Google, Inc (Class A) |
189,103 | |||||
|
|
|
|||||||
| TOTAL SOFTWARE & SERVICES |
1,490,191 | |||||||
|
|
|
|||||||
| TECHNOLOGY HARDWARE & EQUIPMENT - 4.5% |
||||||||
| 10,540 |
* | Ciena Corp |
172,540 | |||||
| 53,277 |
Cisco Systems, Inc |
914,766 | ||||||
| 40,771 |
Corning, Inc |
527,169 | ||||||
| 34,787 |
Hewlett-Packard Co |
699,567 | ||||||
| 15,000 |
Hitachi Ltd |
92,488 | ||||||
| 20,716 |
* | JDS Uniphase Corp |
227,876 | |||||
| 11,430 |
* | Juniper Networks, Inc |
186,423 | |||||
| 2,355 |
* | SanDisk Corp |
85,910 | |||||
|
|
|
|||||||
| TOTAL TECHNOLOGY HARDWARE & EQUIPMENT |
2,906,739 | |||||||
|
|
|
|||||||
| TELECOMMUNICATION SERVICES - 4.3% |
||||||||
| 69,330 |
AT&T, Inc |
2,472,308 | ||||||
| 3,197 |
* | Level 3 Communications, Inc |
70,813 | |||||
| 9,991 |
* | tw telecom inc (Class A) |
256,369 | |||||
|
|
|
|||||||
| TOTAL TELECOMMUNICATION SERVICES |
2,799,490 | |||||||
|
|
|
|||||||
| TRANSPORTATION - 1.1% |
||||||||
| 4,056 |
FedEx Corp |
371,570 | ||||||
| 8,963 |
* | UAL Corp |
218,070 | |||||
| 9,933 |
UTI Worldwide, Inc |
145,121 | ||||||
|
|
|
|||||||
| TOTAL TRANSPORTATION |
734,761 | |||||||
|
|
|
|||||||
| UTILITIES - 5.4% |
||||||||
| 12,065 |
* | Calpine Corp |
199,193 | |||||
| 10,625 |
Centerpoint Energy, Inc |
219,619 | ||||||
| 20,508 |
Duke Energy Corp |
472,914 | ||||||
| 593 |
Entergy Corp |
40,259 | ||||||
| 23,175 |
Exelon Corp |
871,843 | ||||||
| 5,853 |
FirstEnergy Corp |
287,909 | ||||||
| 3,296 |
NextEra Energy, Inc |
226,798 | ||||||
| 6,638 |
PG&E Corp |
300,502 | ||||||
| 8,278 |
PPL Corp |
230,211 | ||||||
| 60,871 |
* | RRI Energy, Inc |
104,090 | |||||
| 4,328 |
e | Utilities Select Sector SPDR Fund |
160,093 | |||||
| 15,194 |
Xcel Energy, Inc |
431,662 | ||||||
|
|
|
|||||||
| TOTAL UTILITIES | 3,545,093 | |||||||
|
|
|
|||||||
| TOTAL COMMON STOCKS (Cost $65,309,175) |
65,165,594 | |||||||
|
|
|
|||||||
16
TIAA-CREF LIFE FUNDS - Large-Cap Value Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| SHORT-TERM INVESTMENTS - 3.3% |
||||||||
| INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 3.3% |
||||||||
| 2,116,908 |
c | TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust |
$ | 2,116,908 | ||||
|
|
|
|||||||
| TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES |
2,116,908 | |||||||
|
|
|
|||||||
| TOTAL SHORT-TERM INVESTMENTS (Cost $2,116,908) |
2,116,908 | |||||||
|
|
|
|||||||
| TOTAL INVESTMENTS - 103.2% (Cost $67,426,083) |
67,282,502 | |||||||
| OTHER ASSETS & LIABILITIES, NET - (3.2)% |
(2,070,657 | ) | ||||||
|
|
|
|||||||
| NET ASSETS - 100.0% | $ | 65,211,845 | ||||||
|
|
|
|||||||
Abbreviation(s):
| ADR | American Depositary Receipt |
| SPDR | Standard & Poor’s Depository Receipts |
| * | Non-income producing. |
| c | Investments made with cash collateral received from securities on loan. |
| e | All or a portion of these securities are out on loan. The aggregate value of securities on loan is $2,112,219. |
17
TIAA-CREF LIFE FUNDS - Small-Cap Equity Fund
TIAA-CREF LIFE FUNDS
SMALL-CAP EQUITY FUND
SCHEDULE OF INVESTMENTS (Unaudited)
June 30, 2012
|
SHARES |
COMPANY |
VALUE | ||||||
| COMMON STOCKS - 99.6% |
||||||||
| AUTOMOBILES & COMPONENTS - 1.1% |
||||||||
| 7,619 |
Dana Holding Corp |
$ | 97,600 | |||||
| 4,100 |
Lear Corp |
154,693 | ||||||
| 7,099 |
* | Tenneco, Inc |
190,395 | |||||
| 3,500 |
* | WABCO Holdings, Inc |
185,255 | |||||
|
|
|
|||||||
| TOTAL AUTOMOBILES & COMPONENTS |
627,943 | |||||||
|
|
|
|||||||
| BANKS - 6.9% |
||||||||
| 11,682 |
Astoria Financial Corp |
114,484 | ||||||
| 10,174 |
Brookline Bancorp, Inc |
90,040 | ||||||
| 7,600 |
Capitol Federal Financial |
90,288 | ||||||
| 420 |
Century Bancorp, Inc |
12,487 | ||||||
| 2,219 |
Columbia Banking System, Inc |
41,762 | ||||||
| 2,538 |
Dime Community Bancshares |
33,730 | ||||||
| 12,112 |
East West Bancorp, Inc |
284,147 | ||||||
| 2,922 |
First Financial Bancorp |
46,694 | ||||||
| 3,702 |
e | First Financial Bankshares, Inc |
127,941 | |||||
| 6,980 |
* | First Republic Bank |
234,528 | |||||
| 17,929 |
FirstMerit Corp |
296,187 | ||||||
| 2,452 |
NBT Bancorp, Inc |
52,939 | ||||||
| 10,850 |
Oritani Financial Corp |
156,131 | ||||||
| 3,982 |
Prosperity Bancshares, Inc |
167,363 | ||||||
| 9,910 |
Provident Financial Services, Inc |
152,118 | ||||||
| 30,540 |
e | Radian Group, Inc |
100,477 | |||||
| 25,237 |
Susquehanna Bancshares, Inc |
259,941 | ||||||
| 7,154 |
* | SVB Financial Group |
420,083 | |||||
| 3,900 |
* | Texas Capital Bancshares, Inc |
157,521 | |||||
| 6,355 |
UMB Financial Corp |
325,567 | ||||||
| 16,180 |
Umpqua Holdings Corp |
212,929 | ||||||
| 5,400 |
Webster Financial Corp |
116,964 | ||||||
| 16,368 |
* | Western Alliance Bancorp |
153,204 | |||||
| 14,400 |
* | Wilshire Bancorp, Inc |
78,912 | |||||
| 7,635 |
Wintrust Financial Corp |
271,042 | ||||||
|
|
|
|||||||
| TOTAL BANKS |
3,997,479 | |||||||
|
|
|
|||||||
| CAPITAL GOODS - 11.7% |
||||||||
| 5,070 |
A.O. Smith Corp |
247,872 | ||||||
| 12,380 |
Actuant Corp (Class A) |
336,241 | ||||||
| 3,100 |
Acuity Brands, Inc |
157,821 | ||||||
| 1,666 |
Ampco-Pittsburgh Corp |
30,538 | ||||||
| 7,900 |
Applied Industrial Technologies, Inc |
291,115 | ||||||
| 8,641 |
Belden CDT, Inc |
288,177 | ||||||
| 3,945 |
Brady Corp (Class A) |
108,527 | ||||||
| 3,800 |
* | Chart Industries, Inc |
261,288 | |||||
| 3,100 |
Chicago Bridge & Iron Co NV |
117,676 | ||||||
| 3,001 |
Cubic Corp |
144,288 | ||||||
| 6,036 |
Curtiss-Wright Corp |
187,418 | ||||||
| 3,100 |
* | DXP Enterprises, Inc |
128,619 | |||||
| 6,486 |
* | Dycom Industries, Inc |
120,704 | |||||
| 9,648 |
* | EnerSys |
338,356 | |||||
| 6,112 |
* | EnPro Industries, Inc |
228,405 | |||||
| 6,171 |
Franklin Electric Co, Inc |
315,523 | ||||||
| 11,435 |
* | GenCorp, Inc |
74,442 | |||||
| 4,560 |
Granite Construction, Inc |
119,062 | ||||||
| 9,208 |
* | H&E Equipment Services, Inc |
138,396 | |||||
| 5,171 |
Heico Corp |
204,358 | ||||||
| 4,395 |
* | Kadant, Inc |
103,063 | |||||
| 2,270 |
LB Foster Co (Class A) |
64,945 | ||||||
| 2,940 |
e | Lindsay Manufacturing Co |
190,806 | |||||
18
TIAA-CREF LIFE FUNDS - Small-Cap Equity Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 3,500 |
Mueller Industries, Inc |
$ | 149,065 | |||||
| 1,401 |
Nacco Industries, Inc (Class A) |
162,866 | ||||||
| 9,229 |
* | NCI Building Systems, Inc |
99,950 | |||||
| 6,300 |
* | Oshkosh Truck Corp |
131,985 | |||||
| 7,950 |
Robbins & Myers, Inc |
332,469 | ||||||
| 5,100 |
Sauer-Danfoss, Inc |
178,143 | ||||||
| 3,857 |
Standex International Corp |
164,192 | ||||||
| 5,380 |
* | Teledyne Technologies, Inc |
331,677 | |||||
| 3,550 |
Triumph Group, Inc |
199,758 | ||||||
| 2,800 |
Universal Forest Products, Inc |
109,144 | ||||||
| 3,200 |
URS Corp |
111,616 | ||||||
| 15,700 |
*,e | USG Corp |
299,085 | |||||
| 3,200 |
Westinghouse Air Brake Technologies Corp |
249,632 | ||||||
|
|
|
|||||||
| TOTAL CAPITAL GOODS |
6,717,222 | |||||||
|
|
|
|||||||
| COMMERCIAL & PROFESSIONAL SERVICES - 4.6% |
||||||||
| 8,146 |
* | Acacia Research (Acacia Technologies) |
303,357 | |||||
| 14,800 |
* | ACCO Brands Corp |
153,032 | |||||
| 5,361 |
Administaff, Inc |
145,015 | ||||||
| 8,062 |
* | Advisory Board Co |
399,795 | |||||
| 5,757 |
Brink’s Co |
133,447 | ||||||
| 2,350 |
* | Consolidated Graphics, Inc |
68,267 | |||||
| 4,731 |
Corporate Executive Board Co |
193,403 | ||||||
| 2,394 |
* | Exponent, Inc |
126,475 | |||||
| 3,880 |
* | Korn/Ferry International |
55,678 | |||||
| 2,900 |
* | Portfolio Recovery Associates, Inc |
264,654 | |||||
| 7,770 |
Rollins, Inc |
173,815 | ||||||
| 13,294 |
Steelcase, Inc (Class A) |
120,045 | ||||||
| 6,931 |
* | SYKES Enterprises, Inc |
110,619 | |||||
| 12,133 |
* | Tetra Tech, Inc |
316,429 | |||||
| 7,883 |
* | TrueBlue, Inc |
122,029 | |||||
|
|
|
|||||||
| TOTAL COMMERCIAL & PROFESSIONAL SERVICES |
2,686,060 | |||||||
|
|
|
|||||||
| CONSUMER DURABLES & APPAREL - 3.5% |
||||||||
| 4,500 |
* | Ascena Retail Group, Inc |
83,790 | |||||
| 25,410 |
* | Beazer Homes USA, Inc |
82,583 | |||||
| 14,500 |
Brunswick Corp |
322,190 | ||||||
| 11,207 |
* | CROCS, Inc |
180,993 | |||||
| 2,807 |
* | Kenneth Cole Productions, Inc (Class A) |
42,245 | |||||
| 4,980 |
* | La-Z-Boy, Inc |
61,204 | |||||
| 21,191 |
* | Leapfrog Enterprises, Inc |
217,419 | |||||
| 2,048 |
Oxford Industries, Inc |
91,546 | ||||||
| 21,200 |
* | Pulte Homes, Inc |
226,840 | |||||
| 6,900 |
* | Skechers U.S.A., Inc (Class A) |
140,553 | |||||
| 5,026 |
e | Sturm Ruger & Co, Inc |
201,794 | |||||
| 6,910 |
True Religion Apparel, Inc |
200,252 | ||||||
| 7,000 |
*,e | Vera Bradley, Inc |
147,560 | |||||
|
|
|
|||||||
| TOTAL CONSUMER DURABLES & APPAREL |
1,998,969 | |||||||
|
|
|
|||||||
| CONSUMER SERVICES - 4.0% |
||||||||
| 2,013 |
*,e | American Public Education, Inc |
64,416 | |||||
| 8,251 |
Ameristar Casinos, Inc |
146,620 | ||||||
| 1,700 |
* | Buffalo Wild Wings, Inc |
147,288 | |||||
| 1,955 |
* | Capella Education Co |
67,956 | |||||
| 8,036 |
* | Cheesecake Factory |
256,830 | |||||
| 5,270 |
*,e | Coinstar, Inc |
361,838 | |||||
| 9,470 |
Domino’s Pizza, Inc |
292,718 | ||||||
| 3,905 |
* | Papa John’s International, Inc |
185,761 | |||||
| 22,400 |
Service Corp International |
277,088 | ||||||
| 15,700 |
* | Shuffle Master, Inc |
216,660 | |||||
| 5,280 |
Sotheby’s (Class A) |
176,141 | ||||||
| 850 |
e | Strayer Education, Inc |
92,667 | |||||
| 4,175 |
Universal Technical Institute, Inc |
56,404 | ||||||
|
|
|
|||||||
| TOTAL CONSUMER SERVICES |
2,342,387 | |||||||
|
|
|
|||||||
19
TIAA-CREF LIFE FUNDS - Small-Cap Equity Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| DIVERSIFIED FINANCIALS - 1.6% |
||||||||
| 9,290 |
BGC Partners, Inc (Class A) |
$ | 54,532 | |||||
| 3,304 |
Calamos Asset Management, Inc (Class A) |
37,831 | ||||||
| 9,180 |
* | Dollar Financial Corp |
169,187 | |||||
| 200 |
*,m | DVI, Inc |
0 | |||||
| 6,760 |
* | Ezcorp, Inc (Class A) |
158,590 | |||||
| 3,340 |
* | First Cash Financial Services, Inc |
134,168 | |||||
| 8,400 |
MarketAxess Holdings, Inc |
223,776 | ||||||
| 8,005 |
*,e | PHH Corp |
139,927 | |||||
| 910 |
* | Stifel Financial Corp |
28,119 | |||||
|
|
|
|||||||
| TOTAL DIVERSIFIED FINANCIALS |
946,130 | |||||||
|
|
|
|||||||
| ENERGY - 4.8% |
||||||||
| 21,200 |
e | Arch Coal, Inc |
146,068 | |||||
| 5,030 |
Berry Petroleum Co (Class A) |
199,490 | ||||||
| 5,800 |
*,e | C&J Energy Services, Inc |
107,300 | |||||
| 8,379 |
* | Energy Partners Ltd |
141,605 | |||||
| 9,846 |
Energy XXI Bermuda Ltd |
308,081 | ||||||
| 3,400 |
* | Gulfport Energy Corp |
70,142 | |||||
| 10,600 |
* | Helix Energy Solutions Group, Inc |
173,946 | |||||
| 10,600 |
* | McDermott International, Inc |
118,084 | |||||
| 4,900 |
* | PDC Energy, Inc |
120,148 | |||||
| 19,500 |
Penn Virginia Corp |
143,130 | ||||||
| 4,423 |
* | Rosetta Resources, Inc |
162,059 | |||||
| 9,236 |
* | Stone Energy Corp |
234,040 | |||||
| 3,846 |
Targa Resources Investments, Inc |
164,224 | ||||||
| 11,500 |
e | Teekay Tankers Ltd (Class A) |
52,440 | |||||
| 12,648 |
* | Tetra Technologies, Inc |
90,180 | |||||
| 22,699 |
* | Vaalco Energy, Inc |
195,893 | |||||
| 12,300 |
Western Refining, Inc |
273,921 | ||||||
| 16,512 |
* | Willbros Group, Inc |
106,668 | |||||
|
|
|
|||||||
| TOTAL ENERGY |
2,807,419 | |||||||
|
|
|
|||||||
| FOOD & STAPLES RETAILING - 1.5% |
||||||||
| 2,987 |
* | Fresh Market, Inc |
160,193 | |||||
| 7,051 |
Harris Teeter Supermarkets, Inc |
289,021 | ||||||
| 76,503 |
* | Rite Aid Corp |
107,104 | |||||
| 4,740 |
* | United Natural Foods, Inc |
260,036 | |||||
| 1,648 |
Weis Markets, Inc |
73,369 | ||||||
|
|
|
|||||||
| TOTAL FOOD & STAPLES RETAILING |
889,723 | |||||||
|
|
|
|||||||
| FOOD, BEVERAGE & TOBACCO - 2.2% |
||||||||
| 3,300 |
* | Annie’s, Inc |
138,138 | |||||
| 2,492 |
*,e | Boston Beer Co, Inc (Class A) |
301,532 | |||||
| 4,840 |
* | Hain Celestial Group, Inc |
266,394 | |||||
| 2,377 |
J&J Snack Foods Corp |
140,481 | ||||||
| 6,990 |
* | Omega Protein Corp |
51,446 | |||||
| 10,982 |
* | Smart Balance, Inc |
103,121 | |||||
| 3,521 |
* | TreeHouse Foods, Inc |
219,323 | |||||
| 840 |
Universal Corp |
38,917 | ||||||
|
|
|
|||||||
| TOTAL FOOD, BEVERAGE & TOBACCO |
1,259,352 | |||||||
|
|
|
|||||||
| HEALTH CARE EQUIPMENT & SERVICES - 5.1% |
||||||||
| 9,706 |
* | Align Technology, Inc |
324,763 | |||||
| 972 |
Analogic Corp |
60,264 | ||||||
| 5,005 |
* | Arthrocare Corp |
146,546 | |||||
| 4,683 |
Cantel Medical Corp |
127,612 | ||||||
| 3,234 |
Computer Programs & Systems, Inc |
185,050 | ||||||
| 4,341 |
* | Cyberonics, Inc |
195,085 | |||||
| 1,600 |
* | Haemonetics Corp |
118,576 | |||||
| 8,900 |
* | Healthsouth Corp |
207,014 | |||||
| 4,875 |
Hill-Rom Holdings, Inc |
150,394 | ||||||
| 8,538 |
Masimo Corp |
191,080 | ||||||
| 5,211 |
* | Medidata Solutions, Inc |
170,243 | |||||
| 1,562 |
* | MWI Veterinary Supply, Inc |
160,527 | |||||
| 10,400 |
* | NuVasive, Inc |
263,744 | |||||
20
TIAA-CREF LIFE FUNDS - Small-Cap Equity Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 5,042 |
* | Omnicell, Inc |
$ | 73,815 | ||||
| 2,609 |
* | Orthofix International NV |
107,621 | |||||
| 5,700 |
* | Team Health Holdings, Inc |
137,313 | |||||
| 7,240 |
* | WellCare Health Plans, Inc |
383,720 | |||||
|
|
|
|||||||
| TOTAL HEALTH CARE EQUIPMENT & SERVICES |
3,003,367 | |||||||
|
|
|
|||||||
| HOUSEHOLD & PERSONAL PRODUCTS - 0.8% |
||||||||
| 3,983 |
* | Elizabeth Arden, Inc |
154,580 | |||||
| 5,274 |
Nu Skin Enterprises, Inc (Class A) |
247,351 | ||||||
| 4,130 |
* | Revlon, Inc (Class A) |
58,770 | |||||
|
|
|
|||||||
| TOTAL HOUSEHOLD & PERSONAL PRODUCTS | 460,701 | |||||||
|
|
|
|||||||
| INSURANCE - 3.5% |
||||||||
| 3,600 |
Allied World Assurance Co Holdings Ltd |
286,092 | ||||||
| 14,010 |
e | American Equity Investment Life Holding Co |
154,250 | |||||
| 30,449 |
Conseco, Inc |
237,502 | ||||||
| 19,598 |
First American Financial Corp |
332,382 | ||||||
| 5,835 |
Horace Mann Educators Corp |
101,996 | ||||||
| 2,334 |
OneBeacon Insurance Group Ltd (Class A) |
30,388 | ||||||
| 5,330 |
ProAssurance Corp |
474,850 | ||||||
| 3,100 |
Protective Life Corp |
91,171 | ||||||
| 1,700 |
RenaissanceRe Holdings Ltd |
129,217 | ||||||
| 17,090 |
Symetra Financial Corp |
215,676 | ||||||
|
|
|
|||||||
| TOTAL INSURANCE |
2,053,524 | |||||||
|
|
|
|||||||
| MATERIALS - 4.6% |
||||||||
| 21,900 |
Boise, Inc |
144,102 | ||||||
| 8,236 |
* | Chemtura |
119,422 | |||||
| 8,470 |
* | Coeur d’Alene Mines Corp |
148,733 | |||||
| 19,700 |
Commercial Metals Co |
249,008 | ||||||
| 257 |
*,e | Contango ORE, Inc |
2,442 | |||||
| 4,100 |
Cytec Industries, Inc |
240,424 | ||||||
| 11,900 |
*,e | Flotek Industries, Inc |
111,146 | |||||
| 5,600 |
e | Gold Resource Corp |
145,544 | |||||
| 5,760 |
H.B. Fuller Co |
176,832 | ||||||
| 2,567 |
Haynes International, Inc |
130,763 | ||||||
| 2,400 |
Kaiser Aluminum Corp |
124,416 | ||||||
| 4,078 |
Koppers Holdings, Inc |
138,652 | ||||||
| 22,043 |
* | Louisiana-Pacific Corp |
239,828 | |||||
| 2,630 |
* | LSB Industries, Inc |
81,293 | |||||
| 3,606 |
Minerals Technologies, Inc |
229,991 | ||||||
| 19,568 |
PolyOne Corp |
267,690 | ||||||
| 100 |
Reliance Steel & Aluminum Co |
5,050 | ||||||
| 5,400 |
* | RTI International Metals, Inc |
122,202 | |||||
|
|
|
|||||||
| TOTAL MATERIALS |
2,677,538 | |||||||
|
|
|
|||||||
| MEDIA - 0.9% |
||||||||
| 7,237 |
Arbitron, Inc |
253,295 | ||||||
| 8,249 |
* | Journal Communications, Inc (Class A) |
42,565 | |||||
| 8,575 |
National CineMedia, Inc |
130,082 | ||||||
| 3,518 |
Scholastic Corp |
99,067 | ||||||
|
|
|
|||||||
| TOTAL MEDIA |
525,009 | |||||||
|
|
|
|||||||
| PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 7.1% |
||||||||
| 3,820 |
* | Acorda Therapeutics, Inc |
89,999 | |||||
| 12,557 |
* | Alkermes PLC |
213,092 | |||||
| 5,335 |
* | AMAG Pharmaceuticals, Inc |
82,159 | |||||
| 3,510 |
* | Ariad Pharmaceuticals, Inc |
60,407 | |||||
| 9,615 |
* | Arqule, Inc |
57,017 | |||||
| 9,200 |
* | Auxilium Pharmaceuticals, Inc |
247,388 | |||||
| 1,660 |
*,e | AVEO Pharmaceuticals, Inc |
20,186 | |||||
| 6,000 |
* | Cepheid, Inc |
268,500 | |||||
| 1,400 |
* | Cornerstone Therapeutics, Inc |
8,862 | |||||
| 3,398 |
* | Cubist Pharmaceuticals, Inc |
128,818 | |||||
| 7,911 |
*,e | Idenix Pharmaceuticals, Inc |
81,483 | |||||
| 4,670 |
*,e | InterMune, Inc |
55,807 | |||||
21
TIAA-CREF LIFE FUNDS - Small-Cap Equity Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 5,827 |
* | Jazz Pharmaceuticals plc |
$ | 262,273 | ||||
| 14,584 |
* | Medicines Co |
334,557 | |||||
| 6,607 |
Medicis Pharmaceutical Corp (Class A) |
225,629 | ||||||
| 2,960 |
* | Medivation, Inc |
270,544 | |||||
| 10,647 |
* | Neurocrine Biosciences, Inc |
84,218 | |||||
| 4,350 |
* | Onyx Pharmaceuticals, Inc |
289,057 | |||||
| 16,820 |
* | Orexigen Therapeutics, Inc |
93,183 | |||||
| 5,811 |
* | Par Pharmaceutical Cos, Inc |
210,009 | |||||
| 8,700 |
* | Parexel International Corp |
245,601 | |||||
| 3,580 |
*,e | Pharmacyclics, Inc |
195,504 | |||||
| 6,786 |
*,e | Questcor Pharmaceuticals, Inc |
361,287 | |||||
| 11,590 |
* | Santarus, Inc |
82,173 | |||||
| 7,871 |
* | Spectrum Pharmaceuticals, Inc |
122,473 | |||||
| 1,990 |
*,e | Vivus, Inc |
56,795 | |||||
|
|
|
|||||||
| TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES |
4,147,021 | |||||||
|
|
|
|||||||
| REAL ESTATE - 8.5% |
||||||||
| 4,400 |
CBL & Associates Properties, Inc |
85,976 | ||||||
| 1,654 |
Colony Financial, Inc |
28,614 | ||||||
| 4,250 |
EastGroup Properties, Inc |
226,525 | ||||||
| 5,699 |
Equity Lifestyle Properties, Inc |
393,060 | ||||||
| 14,610 |
Extra Space Storage, Inc |
447,066 | ||||||
| 4,968 |
Home Properties, Inc |
304,836 | ||||||
| 13,500 |
LaSalle Hotel Properties |
393,390 | ||||||
| 6,124 |
LTC Properties, Inc |
222,179 | ||||||
| 3,516 |
National Health Investors, Inc |
179,035 | ||||||
| 23,640 |
Newcastle Investment Corp |
158,388 | ||||||
| 18,783 |
NorthStar Realty Finance Corp |
98,047 | ||||||
| 15,952 |
Pennymac Mortgage Investment Trust |
314,733 | ||||||
| 7,830 |
Post Properties, Inc |
383,278 | ||||||
| 4,009 |
PS Business Parks, Inc |
271,489 | ||||||
| 1,607 |
Saul Centers, Inc |
68,892 | ||||||
| 5,019 |
Sovran Self Storage, Inc |
251,402 | ||||||
| 14,600 |
Starwood Property Trust, Inc |
311,126 | ||||||
| 5,982 |
Sun Communities, Inc |
264,644 | ||||||
| 15,437 |
* | Sunstone Hotel Investors, Inc |
169,653 | |||||
| 11,047 |
Tanger Factory Outlet Centers, Inc |
354,056 | ||||||
| 2,813 |
Two Harbors Investment Corp |
29,143 | ||||||
|
|
|
|||||||
| TOTAL REAL ESTATE |
4,955,532 | |||||||
|
|
|
|||||||
| RETAILING - 3.0% |
||||||||
| 12,830 |
* | Aeropostale, Inc |
228,759 | |||||
| 6,370 |
* | Ann Taylor Stores Corp |
162,371 | |||||
| 12,520 |
Express Parent LLC |
227,488 | ||||||
| 6,800 |
*,e | Francesca’s Holdings Corp |
183,668 | |||||
| 3,840 |
* | Hibbett Sports, Inc |
221,607 | |||||
| 1,060 |
HSN, Inc |
42,771 | ||||||
| 3,200 |
* | LKQ Corp |
106,880 | |||||
| 27,670 |
* | OfficeMax, Inc |
140,010 | |||||
| 4,850 |
Pier 1 Imports, Inc |
79,686 | ||||||
| 3,810 |
* | Select Comfort Corp |
79,705 | |||||
| 6,679 |
* | Zumiez, Inc |
264,488 | |||||
|
|
|
|||||||
| TOTAL RETAILING |
1,737,433 | |||||||
|
|
|
|||||||
| SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.9% |
||||||||
| 11,500 |
Brooks Automation, Inc |
108,560 | ||||||
| 2,484 |
* | Cirrus Logic, Inc |
74,222 | |||||
| 30,972 |
* | Entegris, Inc |
264,501 | |||||
| 18,912 |
*,e | FSI International, Inc |
67,894 | |||||
| 16,700 |
* | Integrated Device Technology, Inc |
93,854 | |||||
| 2,663 |
* | Kulicke & Soffa Industries, Inc |
23,754 | |||||
| 13,292 |
Micrel, Inc |
126,673 | ||||||
| 4,976 |
MKS Instruments, Inc |
143,956 | ||||||
| 16,685 |
* | RF Micro Devices, Inc |
70,911 | |||||
| 1,600 |
* | Silicon Laboratories, Inc |
60,640 | |||||
| 8,300 |
* | Teradyne, Inc |
116,698 | |||||
22
TIAA-CREF LIFE FUNDS - Small-Cap Equity Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 8,268 |
Tessera Technologies, Inc |
$ | 127,079 | |||||
| 9,200 |
* | Ultratech, Inc |
289,800 | |||||
| 5,200 |
* | Volterra Semiconductor Corp |
121,940 | |||||
|
|
|
|||||||
| TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT |
1,690,482 | |||||||
|
|
|
|||||||
| SOFTWARE & SERVICES - 9.4% |
||||||||
| 6,708 |
*,e | Ancestry.com, Inc |
184,671 | |||||
| 14,516 |
* | Aspen Technology, Inc |
336,045 | |||||
| 7,057 |
Blackbaud, Inc |
181,153 | ||||||
| 8,876 |
* | Blucora, Inc |
109,352 | |||||
| 8,066 |
* | Cardtronics, Inc |
243,674 | |||||
| 7,834 |
* | Commvault Systems, Inc |
388,331 | |||||
| 3,257 |
DST Systems, Inc |
176,888 | ||||||
| 5,671 |
* | Euronet Worldwide, Inc |
97,087 | |||||
| 3,331 |
Fair Isaac Corp |
140,835 | ||||||
| 2,100 |
Global Payments, Inc |
90,783 | ||||||
| 8,880 |
Heartland Payment Systems, Inc |
267,110 | ||||||
| 6,760 |
IAC/InterActiveCorp |
308,256 | ||||||
| 7,222 |
* | Kenexa Corp |
209,655 | |||||
| 400 |
*,e | LinkedIn Corp |
42,508 | |||||
| 837 |
* | Liquidity Services, Inc |
42,846 | |||||
| 2,359 |
* | Liveperson, Inc |
44,963 | |||||
| 5,183 |
* | Manhattan Associates, Inc |
236,915 | |||||
| 8,799 |
MAXIMUS, Inc |
455,348 | ||||||
| 1,756 |
* | MicroStrategy, Inc (Class A) |
228,034 | |||||
| 12,900 |
* | Monster Worldwide, Inc |
109,650 | |||||
| 9,900 |
* | QLIK Technologies, Inc |
218,988 | |||||
| 5,430 |
* | Quest Software, Inc |
151,226 | |||||
| 7,213 |
* | SolarWinds, Inc |
314,198 | |||||
| 3,700 |
* | Sourcefire, Inc |
190,180 | |||||
| 4,888 |
* | TeleTech Holdings, Inc |
78,208 | |||||
| 19,736 |
* | TiVo, Inc |
163,217 | |||||
| 1,530 |
* | Tyler Technologies, Inc |
61,736 | |||||
| 2,100 |
* | Ultimate Software Group, Inc |
187,152 | |||||
| 6,476 |
* | Unisys Corp |
126,606 | |||||
| 3,029 |
* | Websense, Inc |
56,733 | |||||
|
|
|
|||||||
| TOTAL SOFTWARE & SERVICES |
5,442,348 | |||||||
|
|
|
|||||||
| TECHNOLOGY HARDWARE & EQUIPMENT - 4.6% |
||||||||
| 9,200 |
Adtran, Inc |
277,748 | ||||||
| 4,377 |
* | Agilysys, Inc |
37,949 | |||||
| 17,100 |
* | Arris Group, Inc |
237,861 | |||||
| 8,068 |
Cognex Corp |
255,352 | ||||||
| 5,369 |
Comtech Telecommunications Corp |
153,446 | ||||||
| 3,400 |
* | Dolby Laboratories, Inc (Class A) |
140,420 | |||||
| 13,408 |
* | Extreme Networks, Inc |
46,124 | |||||
| 7,840 |
* | Insight Enterprises, Inc |
131,947 | |||||
| 4,800 |
*,e | InvenSense, Inc |
54,240 | |||||
| 3,500 |
Littelfuse, Inc |
199,115 | ||||||
| 3,240 |
* | Netgear, Inc |
111,812 | |||||
| 4,180 |
* | OSI Systems, Inc |
264,761 | |||||
| 3,609 |
Plantronics, Inc |
120,541 | ||||||
| 6,851 |
* | Plexus Corp |
193,198 | |||||
| 11,700 |
* | QLogic Corp |
160,173 | |||||
| 27,590 |
* | Quantum Corp |
56,008 | |||||
| 3,830 |
* | Riverbed Technology, Inc |
61,854 | |||||
| 5,907 |
*,e | Synaptics, Inc |
169,117 | |||||
|
|
|
|||||||
| TOTAL TECHNOLOGY HARDWARE & EQUIPMENT |
2,671,666 | |||||||
|
|
|
|||||||
| TELECOMMUNICATION SERVICES - 1.1% |
||||||||
| 39,838 |
* | Cincinnati Bell, Inc |
148,197 | |||||
| 6,330 |
* | Neutral Tandem, Inc |
83,430 | |||||
| 14,115 |
* | tw telecom inc (Class A) |
362,191 | |||||
| 5,551 |
USA Mobility, Inc |
71,386 | ||||||
|
|
|
|||||||
| TOTAL TELECOMMUNICATION SERVICES |
665,204 | |||||||
|
|
|
|||||||
23
TIAA-CREF LIFE FUNDS - Small-Cap Equity Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| TRANSPORTATION - 3.5% |
||||||||
| 9,744 |
* | Alaska Air Group, Inc |
$ | 349,810 | ||||
| 1,999 |
Amerco, Inc |
179,850 | ||||||
| 3,400 |
Con-Way, Inc |
122,774 | ||||||
| 2,800 |
* | Dollar Thrifty Automotive Group, Inc |
226,688 | |||||
| 5,040 |
Forward Air Corp |
162,641 | ||||||
| 2,120 |
Landstar System, Inc |
109,646 | ||||||
| 2,880 |
Marten Transport Ltd |
61,230 | ||||||
| 5,540 |
* | Old Dominion Freight Line |
239,827 | |||||
| 28,660 |
* | Swift Transportation Co, Inc |
270,836 | |||||
| 23,041 |
*,e | US Airways Group, Inc |
307,136 | |||||
|
|
|
|||||||
| TOTAL TRANSPORTATION |
2,030,438 | |||||||
|
|
|
|||||||
| UTILITIES - 2.7% |
||||||||
| 2,505 |
American States Water Co |
99,148 | ||||||
| 2,067 |
Avista Corp |
55,189 | ||||||
| 5,878 |
El Paso Electric Co |
194,915 | ||||||
| 11,073 |
Empire District Electric Co |
233,640 | ||||||
| 6,268 |
Genie Energy Ltd |
48,702 | ||||||
| 3,500 |
Piedmont Natural Gas Co, Inc |
112,665 | ||||||
| 13,671 |
Portland General Electric Co |
364,469 | ||||||
| 6,640 |
Southwest Gas Corp |
289,836 | ||||||
| 4,400 |
UNS Energy Corp |
169,004 | ||||||
|
|
|
|||||||
| TOTAL UTILITIES |
1,567,568 | |||||||
|
|
|
|||||||
| TOTAL COMMON STOCKS (Cost $53,865,570) |
57,900,515 | |||||||
|
|
|
|||||||
| SHORT-TERM INVESTMENTS - 7.0% |
||||||||
| INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 7.0% |
||||||||
| 4,053,417 |
c | TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust |
4,053,417 | |||||
|
|
|
|||||||
| TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES |
4,053,417 | |||||||
|
|
|
|||||||
| TOTAL SHORT-TERM INVESTMENTS (Cost $4,053,417) |
4,053,417 | |||||||
|
|
|
|||||||
| TOTAL INVESTMENTS - 106.6% (Cost $57,918,987) |
61,953,932 | |||||||
| OTHER ASSETS & LIABILITIES, NET - (6.6)% |
(3,813,936 | ) | ||||||
|
|
|
|||||||
| NET ASSETS - 100.0% | $ | 58,139,996 | ||||||
|
|
|
|||||||
| * | Non-income producing. |
| c | Investments made with cash collateral received from securities on loan. |
| e | All or a portion of these securities are out on loan. The aggregate value of securities on loan is $4,070,093. |
| m | Indicates a security that has been deemed illiquid. |
24
TIAA-CREF LIFE FUNDS - Stock Index Fund
TIAA-CREF LIFE FUNDS
STOCK INDEX FUND
SCHEDULE OF INVESTMENTS (Unaudited)
June 30, 2012
|
SHARES |
COMPANY |
VALUE | ||||||
| COMMON STOCKS - 99.4% |
||||||||
| AUTOMOBILES & COMPONENTS - 0.8% |
||||||||
| 302 |
Allison Transmission Holdings, Inc |
$ | 5,303 | |||||
| 839 |
* | American Axle & Manufacturing Holdings, Inc |
8,801 | |||||
| 234 |
* | Amerigon, Inc (Class A) |
2,689 | |||||
| 1,361 |
*,e | BorgWarner, Inc |
89,268 | |||||
| 700 |
Cooper Tire & Rubber Co |
12,278 | ||||||
| 2,007 |
Dana Holding Corp |
25,710 | ||||||
| 4,166 |
* | Delphi Automotive plc |
106,233 | |||||
| 266 |
* | Dorman Products, Inc |
6,674 | |||||
| 290 |
Drew Industries, Inc |
8,077 | ||||||
| 3,265 |
* | Exide Technologies |
10,970 | |||||
| 261 |
* | Federal Mogul Corp (Class A) |
2,871 | |||||
| 47,257 |
Ford Motor Co |
453,195 | ||||||
| 280 |
*,e | Fuel Systems Solutions, Inc |
4,673 | |||||
| 9,727 |
* | General Motors Co |
191,816 | |||||
| 1,773 |
Gentex Corp |
37,003 | ||||||
| 3,033 |
* | Goodyear Tire & Rubber Co |
35,820 | |||||
| 2,938 |
Harley-Davidson, Inc |
134,355 | ||||||
| 8,671 |
Johnson Controls, Inc |
240,273 | ||||||
| 1,264 |
Lear Corp |
47,691 | ||||||
| 500 |
* | Modine Manufacturing Co |
3,465 | |||||
| 355 |
Spartan Motors, Inc |
1,860 | ||||||
| 188 |
Standard Motor Products, Inc |
2,647 | ||||||
| 173 |
* | Stoneridge, Inc |
1,178 | |||||
| 280 |
Superior Industries International, Inc |
4,584 | ||||||
| 743 |
* | Tenneco, Inc |
19,927 | |||||
| 830 |
*,e | Tesla Motors, Inc |
25,971 | |||||
| 552 |
Thor Industries, Inc |
15,130 | ||||||
| 1,265 |
* | TRW Automotive Holdings Corp |
46,501 | |||||
| 635 |
* | Visteon Corp |
23,812 | |||||
| 820 |
* | WABCO Holdings, Inc |
43,403 | |||||
| 353 |
*,e | Winnebago Industries, Inc |
3,597 | |||||
|
|
|
|||||||
| TOTAL AUTOMOBILES & COMPONENTS |
1,615,775 | |||||||
|
|
|
|||||||
| BANKS - 3.4% |
||||||||
| 180 |
1st Source Corp |
4,068 | ||||||
| 266 |
* | 1st United Bancorp, Inc |
1,652 | |||||
| 90 |
Access National Corp |
1,179 | ||||||
| 51 |
Alliance Financial Corp |
1,751 | ||||||
| 98 |
e | American National Bankshares, Inc |
2,309 | |||||
| 283 |
* | Ameris Bancorp |
3,566 | |||||
| 77 |
e | Ames National Corp |
1,770 | |||||
| 430 |
Apollo Residential Mortgage |
8,290 | ||||||
| 109 |
e | Arrow Financial Corp |
2,635 | |||||
| 2,146 |
Associated Banc-Corp |
28,306 | ||||||
| 951 |
Astoria Financial Corp |
9,320 | ||||||
| 130 |
Bancfirst Corp |
5,448 | ||||||
| 298 |
Banco Latinoamericano de Exportaciones S.A. (Class E) |
6,386 | ||||||
| 1,197 |
Bancorpsouth, Inc |
17,380 | ||||||
| 838 |
Bank Mutual Corp |
3,696 | ||||||
| 762 |
Bank of Hawaii Corp |
35,014 | ||||||
| 70 |
Bank of Kentucky Financial Corp |
1,865 | ||||||
| 61 |
Bank of Marin Bancorp |
2,258 | ||||||
| 442 |
Bank of the Ozarks, Inc |
13,295 | ||||||
| 300 |
BankFinancial Corp |
2,259 | ||||||
| 415 |
BankUnited |
9,786 | ||||||
| 203 |
Banner Corp |
4,448 | ||||||
| 50 |
Bar Harbor Bankshares |
1,800 | ||||||
| 8,888 |
BB&T Corp |
274,195 | ||||||
25
TIAA-CREF LIFE FUNDS - Stock Index Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 982 |
* | BBCN Bancorp, Inc |
$ | 10,694 | ||||
| 392 |
* | Beneficial Mutual Bancorp, Inc |
3,383 | |||||
| 50 |
* | Berkshire Bancorp, Inc |
440 | |||||
| 280 |
Berkshire Hills Bancorp, Inc |
6,160 | ||||||
| 87 |
* | BofI Holding, Inc |
1,719 | |||||
| 409 |
BOK Financial Corp |
23,804 | ||||||
| 826 |
Boston Private Financial Holdings, Inc |
7,376 | ||||||
| 75 |
Bridge Bancorp, Inc |
1,769 | ||||||
| 771 |
Brookline Bancorp, Inc |
6,823 | ||||||
| 86 |
Bryn Mawr Bank Corp |
1,812 | ||||||
| 100 |
* | BSB Bancorp, Inc |
1,275 | |||||
| 40 |
C&F Financial Corp |
1,606 | ||||||
| 87 |
Camden National Corp |
3,186 | ||||||
| 140 |
* | Cape Bancorp, Inc |
1,163 | |||||
| 101 |
e | Capital City Bank Group, Inc |
744 | |||||
| 3,675 |
CapitalSource, Inc |
24,696 | ||||||
| 2,620 |
Capitol Federal Financial |
31,126 | ||||||
| 286 |
Cardinal Financial Corp |
3,512 | ||||||
| 1,028 |
Cathay General Bancorp |
16,972 | ||||||
| 150 |
Center Bancorp, Inc |
1,687 | ||||||
| 261 |
Centerstate Banks of Florida, Inc |
1,866 | ||||||
| 188 |
*,e | Central Pacific Financial Corp |
2,655 | |||||
| 168 |
Century Bancorp, Inc |
4,995 | ||||||
| 294 |
Chemical Financial Corp |
6,321 | ||||||
| 2,537 |
* | CIT Group, Inc |
90,419 | |||||
| 101 |
Citizens & Northern Corp |
1,924 | ||||||
| 503 |
* | Citizens Republic Bancorp, Inc |
8,616 | |||||
| 262 |
e | City Holding Co |
8,827 | |||||
| 647 |
City National Corp |
31,431 | ||||||
| 112 |
Clifton Savings Bancorp, Inc |
1,166 | ||||||
| 105 |
CNB Financial Corp |
1,713 | ||||||
| 395 |
CoBiz, Inc |
2,473 | ||||||
| 490 |
Columbia Banking System, Inc |
9,222 | ||||||
| 2,498 |
Comerica, Inc |
76,714 | ||||||
| 1,058 |
Commerce Bancshares, Inc |
40,098 | ||||||
| 628 |
Community Bank System, Inc |
17,031 | ||||||
| 182 |
Community Trust Bancorp, Inc |
6,095 | ||||||
| 30 |
* | Crescent Financial Bancshares, Inc |
136 | |||||
| 732 |
Cullen/Frost Bankers, Inc |
42,083 | ||||||
| 1,117 |
e | CVB Financial Corp |
13,013 | |||||
| 309 |
Dime Community Bancshares |
4,107 | ||||||
| 5,371 |
* | Doral Financial Corp |
8,056 | |||||
| 118 |
* | Eagle Bancorp, Inc |
1,859 | |||||
| 1,835 |
East West Bancorp, Inc |
43,049 | ||||||
| 90 |
Enterprise Financial Services Corp |
986 | ||||||
| 132 |
ESB Financial Corp |
1,742 | ||||||
| 197 |
ESSA Bancorp, Inc |
2,128 | ||||||
| 275 |
* | EverBank Financial Corp |
2,989 | |||||
| 240 |
e | Farmers National Banc Corp |
1,495 | |||||
| 115 |
Federal Agricultural Mortgage Corp (Class C) |
3,016 | ||||||
| 120 |
Fidelity Southern Corp |
1,037 | ||||||
| 11,822 |
Fifth Third Bancorp |
158,415 | ||||||
| 126 |
Financial Institutions, Inc |
2,127 | ||||||
| 174 |
First Bancorp (NC) |
1,547 | ||||||
| 906 |
* | First Bancorp (Puerto Rico) |
3,588 | |||||
| 107 |
e | First Bancorp, Inc |
1,819 | |||||
| 625 |
First Busey Corp |
3,019 | ||||||
| 273 |
* | First California Financial Group, Inc |
1,878 | |||||
| 70 |
First Citizens Bancshares, Inc (Class A) |
11,666 | ||||||
| 1,229 |
First Commonwealth Financial Corp |
8,271 | ||||||
| 189 |
First Community Bancshares, Inc |
2,727 | ||||||
| 570 |
First Connecticut Bancorp |
7,695 | ||||||
| 120 |
First Defiance Financial Corp |
2,054 | ||||||
| 40 |
* | First Federal Bancshares of Arkansas, Inc |
324 | |||||
| 747 |
First Financial Bancorp |
11,937 | ||||||
| 448 |
e | First Financial Bankshares, Inc |
15,483 | |||||
26
TIAA-CREF LIFE FUNDS - Stock Index Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 188 |
First Financial Corp |
$ | 5,452 | |||||
| 133 |
First Financial Holdings, Inc |
1,426 | ||||||
| 200 |
* | First Financial Northwest, Inc |
1,624 | |||||
| 3,240 |
First Horizon National Corp |
28,026 | ||||||
| 149 |
First Interstate Bancsystem, Inc |
2,122 | ||||||
| 557 |
First Merchants Corp |
6,940 | ||||||
| 893 |
First Midwest Bancorp, Inc |
9,805 | ||||||
| 4,523 |
First Niagara Financial Group, Inc |
34,601 | ||||||
| 66 |
First of Long Island Corp |
1,912 | ||||||
| 110 |
First Pactrust Bancorp, Inc |
1,305 | ||||||
| 1,296 |
* | First Republic Bank |
43,546 | |||||
| 1,352 |
FirstMerit Corp |
22,335 | ||||||
| 358 |
Flushing Financial Corp |
4,880 | ||||||
| 1,776 |
FNB Corp |
19,305 | ||||||
| 130 |
*,e | FNB United Corp |
1,689 | |||||
| 185 |
Fox Chase Bancorp, Inc |
2,671 | ||||||
| 170 |
* | Franklin Financial Corp |
2,796 | |||||
| 2,887 |
Fulton Financial Corp |
28,841 | ||||||
| 133 |
German American Bancorp, Inc |
2,727 | ||||||
| 860 |
Glacier Bancorp, Inc |
13,321 | ||||||
| 135 |
e | Great Southern Bancorp, Inc |
3,723 | |||||
| 160 |
*,e | Greene County Bancshares, Inc |
266 | |||||
| 928 |
* | Guaranty Bancorp |
1,958 | |||||
| 949 |
Hancock Holding Co |
28,888 | ||||||
| 610 |
* | Hanmi Financial Corp |
6,393 | |||||
| 158 |
Heartland Financial USA, Inc |
3,792 | ||||||
| 121 |
Heritage Financial Corp |
1,773 | ||||||
| 110 |
Heritage Financial Group |
1,416 | ||||||
| 260 |
*,e | Heritage Oaks Bancorp |
1,448 | |||||
| 20 |
* | Hingham Institution for Savings |
1,209 | |||||
| 90 |
* | Home Bancorp, Inc |
1,542 | |||||
| 266 |
Home Bancshares, Inc |
8,134 | ||||||
| 199 |
Home Federal Bancorp, Inc |
2,090 | ||||||
| 170 |
Home Loan Servicing Solutions Ltd |
2,278 | ||||||
| 50 |
e | Horizon Bancorp |
1,315 | |||||
| 6,700 |
Hudson City Bancorp, Inc |
42,679 | ||||||
| 171 |
Hudson Valley Holding Corp |
3,095 | ||||||
| 10,738 |
Huntington Bancshares, Inc |
68,723 | ||||||
| 463 |
IBERIABANK Corp |
23,358 | ||||||
| 252 |
e | Independent Bank Corp |
7,361 | |||||
| 674 |
International Bancshares Corp |
13,156 | ||||||
| 579 |
* | Investors Bancorp, Inc |
8,737 | |||||
| 227 |
Kearny Financial Corp |
2,200 | ||||||
| 12,323 |
Keycorp |
95,380 | ||||||
| 110 |
K-Fed Bancorp |
1,626 | ||||||
| 274 |
Lakeland Bancorp, Inc |
2,882 | ||||||
| 147 |
Lakeland Financial Corp |
3,944 | ||||||
| 1,606 |
M&T Bank Corp |
132,607 | ||||||
| 216 |
MainSource Financial Group, Inc |
2,555 | ||||||
| 661 |
MB Financial, Inc |
14,238 | ||||||
| 107 |
*,e | Mercantile Bank Corp |
1,974 | |||||
| 60 |
Merchants Bancshares, Inc |
1,653 | ||||||
| 119 |
* | Meridian Interstate Bancorp, Inc |
1,656 | |||||
| 198 |
*,e | MetroCorp Bancshares, Inc |
2,113 | |||||
| 2,499 |
*,e | MGIC Investment Corp |
7,197 | |||||
| 70 |
Middleburg Financial Corp |
1,190 | ||||||
| 56 |
Midsouth Bancorp, Inc |
788 | ||||||
| 90 |
MidWestOne Financial Group, Inc |
1,935 | ||||||
| 50 |
* | NASB Financial, Inc |
993 | |||||
| 84 |
National Bankshares, Inc |
2,530 | ||||||
| 1,529 |
National Penn Bancshares, Inc |
14,633 | ||||||
| 243 |
* | Nationstar Mortgage Holdings, Inc |
5,229 | |||||
| 374 |
NBT Bancorp, Inc |
8,075 | ||||||
| 5,439 |
New York Community Bancorp, Inc |
68,151 | ||||||
| 227 |
Northfield Bancorp, Inc |
3,226 | ||||||
| 80 |
Northrim BanCorp, Inc |
1,719 | ||||||
27
TIAA-CREF LIFE FUNDS - Stock Index Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 1,214 |
Northwest Bancshares, Inc |
$ | 14,216 | |||||
| 97 |
OceanFirst Financial Corp |
1,393 | ||||||
| 1,334 |
* | Ocwen Financial Corp |
25,053 | |||||
| 1,045 |
Old National Bancorp |
12,550 | ||||||
| 148 |
* | OmniAmerican Bancorp, Inc |
3,172 | |||||
| 458 |
Oriental Financial Group, Inc |
5,075 | ||||||
| 670 |
Oritani Financial Corp |
9,641 | ||||||
| 50 |
* | Pacific Capital Bancorp |
2,287 | |||||
| 154 |
Pacific Continental Corp |
1,366 | ||||||
| 140 |
* | Pacific Mercantile Bancorp |
967 | |||||
| 369 |
PacWest Bancorp |
8,734 | ||||||
| 165 |
e | Park National Corp |
11,509 | |||||
| 360 |
* | Park Sterling Bank |
1,696 | |||||
| 110 |
e | Peapack Gladstone Financial Corp |
1,706 | |||||
| 47 |
e | Penns Woods Bancorp, Inc |
1,871 | |||||
| 164 |
* | Pennsylvania Commerce Bancorp, Inc |
1,973 | |||||
| 75 |
Peoples Bancorp, Inc |
1,649 | ||||||
| 80 |
*,e | Peoples Federal Bancshares, Inc |
1,336 | |||||
| 4,527 |
People’s United Financial, Inc |
52,558 | ||||||
| 400 |
* | Pinnacle Financial Partners, Inc |
7,804 | |||||
| 6,567 |
PNC Financial Services Group, Inc |
401,309 | ||||||
| 1,230 |
* | Popular, Inc |
20,430 | |||||
| 147 |
*,e | Preferred Bank |
1,964 | |||||
| 767 |
PrivateBancorp, Inc |
11,321 | ||||||
| 603 |
Prosperity Bancshares, Inc |
25,344 | ||||||
| 120 |
Provident Financial Holdings, Inc |
1,384 | ||||||
| 753 |
Provident Financial Services, Inc |
11,559 | ||||||
| 421 |
Provident New York Bancorp |
3,195 | ||||||
| 2,812 |
e | Radian Group, Inc |
9,251 | |||||
| 18,020 |
Regions Financial Corp |
121,635 | ||||||
| 323 |
Renasant Corp |
5,074 | ||||||
| 120 |
e | Republic Bancorp, Inc (Class A) |
2,670 | |||||
| 807 |
Rockville Financial, Inc |
9,337 | ||||||
| 100 |
e | Roma Financial Corp |
852 | |||||
| 300 |
e | S&T Bancorp, Inc |
5,541 | |||||
| 210 |
e | S.Y. Bancorp, Inc |
5,029 | |||||
| 250 |
Sandy Spring Bancorp, Inc |
4,500 | ||||||
| 151 |
SCBT Financial Corp |
5,323 | ||||||
| 900 |
* | Seacoast Banking Corp of Florida |
1,359 | |||||
| 130 |
SI Financial Group, Inc |
1,495 | ||||||
| 87 |
e | Sierra Bancorp |
861 | |||||
| 615 |
* | Signature Bank |
37,497 | |||||
| 207 |
e | Simmons First National Corp (Class A) |
4,813 | |||||
| 206 |
e | Southside Bancshares, Inc |
4,631 | |||||
| 383 |
* | Southwest Bancorp, Inc |
3,604 | |||||
| 397 |
* | State Bank & Trust Co |
6,019 | |||||
| 256 |
StellarOne Corp |
3,195 | ||||||
| 318 |
Sterling Bancorp |
3,174 | ||||||
| 335 |
* | Sterling Financial Corp |
6,328 | |||||
| 88 |
* | Suffolk Bancorp |
1,141 | |||||
| 470 |
* | Sun Bancorp, Inc |
1,269 | |||||
| 6,820 |
SunTrust Banks, Inc |
165,249 | ||||||
| 2,349 |
Susquehanna Bancshares, Inc |
24,195 | ||||||
| 561 |
* | SVB Financial Group |
32,942 | |||||
| 9,246 |
e | Synovus Financial Corp |
18,307 | |||||
| 137 |
*,e | Taylor Capital Group, Inc |
2,245 | |||||
| 1,924 |
TCF Financial Corp |
22,088 | ||||||
| 150 |
Territorial Bancorp, Inc |
3,415 | ||||||
| 429 |
* | Texas Capital Bancshares, Inc |
17,327 | |||||
| 956 |
* | TFS Financial Corp |
9,130 | |||||
| 265 |
* | The Bancorp, Inc |
2,504 | |||||
| 130 |
Tompkins Trustco, Inc |
4,898 | ||||||
| 238 |
e | TowneBank |
3,332 | |||||
| 80 |
* | Tree.com, Inc |
915 | |||||
| 171 |
e | Trico Bancshares |
2,633 | |||||
28
TIAA-CREF LIFE FUNDS - Stock Index Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 1,974 |
Trustco Bank Corp NY |
$ | 10,778 | |||||
| 774 |
Trustmark Corp |
18,948 | ||||||
| 403 |
UMB Financial Corp |
20,646 | ||||||
| 1,383 |
Umpqua Holdings Corp |
18,200 | ||||||
| 167 |
Union Bankshares Corp |
2,413 | ||||||
| 757 |
e | United Bankshares, Inc |
19,591 | |||||
| 526 |
*,e | United Community Banks, Inc |
4,508 | |||||
| 201 |
United Financial Bancorp, Inc |
2,890 | ||||||
| 198 |
Univest Corp of Pennsylvania |
3,273 | ||||||
| 24,055 |
US Bancorp |
773,609 | ||||||
| 2,837 |
e | Valley National Bancorp |
30,072 | |||||
| 426 |
ViewPoint Financial Group |
6,663 | ||||||
| 253 |
* | Virginia Commerce Bancorp |
2,133 | |||||
| 113 |
Washington Banking Co |
1,571 | ||||||
| 1,416 |
Washington Federal, Inc |
23,916 | ||||||
| 138 |
Washington Trust Bancorp, Inc |
3,364 | ||||||
| 90 |
*,e | Waterstone Financial, Inc |
342 | |||||
| 900 |
Webster Financial Corp |
19,494 | ||||||
| 62,216 |
Wells Fargo & Co |
2,080,503 | ||||||
| 301 |
WesBanco, Inc |
6,399 | ||||||
| 189 |
West Bancorporation, Inc |
1,797 | ||||||
| 225 |
* | West Coast Bancorp |
4,421 | |||||
| 390 |
e | Westamerica Bancorporation |
18,404 | |||||
| 712 |
* | Western Alliance Bancorp |
6,664 | |||||
| 366 |
Westfield Financial, Inc |
2,672 | ||||||
| 2,417 |
* | Wilshire Bancorp, Inc |
13,245 | |||||
| 461 |
e | Wintrust Financial Corp |
16,366 | |||||
| 100 |
WSFS Financial Corp |
4,041 | ||||||
| 2,336 |
Zions Bancorporation |
45,365 | ||||||
|
|
|
|||||||
| TOTAL BANKS |
6,468,715 | |||||||
|
|
|
|||||||
| CAPITAL GOODS - 8.1% |
||||||||
| 8,899 |
3M Co |
797,350 | ||||||
| 495 |
A.O. Smith Corp |
24,201 | ||||||
| 2,099 |
*,e | A123 Systems, Inc |
2,645 | |||||
| 193 |
Aaon, Inc |
3,638 | ||||||
| 468 |
AAR Corp |
6,309 | ||||||
| 1,673 |
*,e | Accuride Corp |
10,038 | |||||
| 282 |
Aceto Corp |
2,546 | ||||||
| 878 |
Actuant Corp (Class A) |
23,846 | ||||||
| 572 |
Acuity Brands, Inc |
29,120 | ||||||
| 1,483 |
* | Aecom Technology Corp |
24,395 | |||||
| 466 |
* | Aegion Corp |
8,337 | |||||
| 484 |
* | Aerovironment, Inc |
12,734 | |||||
| 1,234 |
* | AGCO Corp |
56,431 | |||||
| 858 |
*,e | Air Lease Corp |
16,637 | |||||
| 718 |
Aircastle Ltd |
8,652 | ||||||
| 78 |
Alamo Group, Inc |
2,447 | ||||||
| 301 |
Albany International Corp (Class A) |
5,632 | ||||||
| 434 |
Alliant Techsystems, Inc |
21,947 | ||||||
| 296 |
Altra Holdings, Inc |
4,671 | ||||||
| 224 |
* | Ameresco, Inc |
2,672 | |||||
| 90 |
* | American Railcar Industries, Inc |
2,439 | |||||
| 140 |
American Science & Engineering, Inc |
7,903 | ||||||
| 2,074 |
*,e | American Superconductor Corp |
9,748 | |||||
| 125 |
American Woodmark Corp |
2,137 | ||||||
| 2,042 |
Ametek, Inc |
101,916 | ||||||
| 79 |
Ampco-Pittsburgh Corp |
1,448 | ||||||
| 410 |
*,e | API Technologies Corp |
1,509 | |||||
| 311 |
Apogee Enterprises, Inc |
4,998 | ||||||
| 508 |
Applied Industrial Technologies, Inc |
18,720 | ||||||
| 89 |
Argan, Inc |
1,244 | ||||||
| 297 |
Armstrong World Industries, Inc |
14,601 | ||||||
| 2,065 |
* | ArvinMeritor, Inc |
10,779 | |||||
| 237 |
* | Astec Industries, Inc |
7,271 | |||||
| 122 |
* | Astronics Corp |
3,445 | |||||
29
TIAA-CREF LIFE FUNDS - Stock Index Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 129 |
AZZ, Inc |
$ | 7,903 | |||||
| 1,463 |
* | Babcock & Wilcox Co |
35,843 | |||||
| 677 |
Barnes Group, Inc |
16,444 | ||||||
| 1,206 |
* | BE Aerospace, Inc |
52,654 | |||||
| 825 |
* | Beacon Roofing Supply, Inc |
20,806 | |||||
| 565 |
Belden CDT, Inc |
18,843 | ||||||
| 570 |
* | Blount International, Inc |
8,351 | |||||
| 310 |
* | Bluelinx Holdings, Inc |
729 | |||||
| 9,495 |
Boeing Co |
705,478 | ||||||
| 586 |
Brady Corp (Class A) |
16,121 | ||||||
| 600 |
e | Briggs & Stratton Corp |
10,494 | |||||
| 1,363 |
* | Builders FirstSource, Inc |
6,461 | |||||
| 232 |
* | CAI International, Inc |
4,612 | |||||
| 7,608 |
*,e | Capstone Turbine Corp |
7,684 | |||||
| 790 |
Carlisle Cos, Inc |
41,886 | ||||||
| 126 |
Cascade Corp |
5,928 | ||||||
| 8,192 |
Caterpillar, Inc |
695,583 | ||||||
| 321 |
Ceradyne, Inc |
8,234 | ||||||
| 405 |
* | Chart Industries, Inc |
27,848 | |||||
| 1,217 |
Chicago Bridge & Iron Co NV |
46,197 | ||||||
| 170 |
CIRCOR International, Inc |
5,795 | ||||||
| 615 |
Clarcor, Inc |
29,618 | ||||||
| 311 |
* | CNH Global NV |
12,085 | |||||
| 552 |
* | Colfax Corp |
15,219 | |||||
| 196 |
* | Columbus McKinnon Corp |
2,958 | |||||
| 409 |
Comfort Systems USA, Inc |
4,098 | ||||||
| 301 |
* | Commercial Vehicle Group, Inc |
2,595 | |||||
| 2,020 |
Cooper Industries plc |
137,724 | ||||||
| 70 |
* | CPI Aerostructures, Inc |
770 | |||||
| 593 |
Crane Co |
21,573 | ||||||
| 170 |
Cubic Corp |
8,174 | ||||||
| 2,440 |
Cummins, Inc |
236,460 | ||||||
| 554 |
Curtiss-Wright Corp |
17,202 | ||||||
| 7,373 |
Danaher Corp |
383,986 | ||||||
| 5,050 |
Deere & Co |
408,393 | ||||||
| 434 |
* | DigitalGlobe, Inc |
6,579 | |||||
| 1,888 |
Donaldson Co, Inc |
63,003 | ||||||
| 141 |
e | Douglas Dynamics, Inc |
2,009 | |||||
| 2,320 |
Dover Corp |
124,375 | ||||||
| 82 |
* | DXP Enterprises, Inc |
3,402 | |||||
| 596 |
* | Dycom Industries, Inc |
11,092 | |||||
| 270 |
Dynamic Materials Corp |
4,679 | ||||||
| 80 |
Eastern Co |
1,292 | ||||||
| 4,288 |
Eaton Corp |
169,933 | ||||||
| 190 |
* | Edgen Group, Inc |
1,429 | |||||
| 923 |
EMCOR Group, Inc |
25,678 | ||||||
| 9,316 |
Emerson Electric Co |
433,939 | ||||||
| 255 |
Encore Wire Corp |
6,829 | ||||||
| 404 |
*,e | Energy Recovery, Inc |
970 | |||||
| 579 |
* | EnerSys |
20,306 | |||||
| 100 |
* | Enphase Energy, Inc |
622 | |||||
| 215 |
* | EnPro Industries, Inc |
8,035 | |||||
| 317 |
ESCO Technologies, Inc |
11,551 | ||||||
| 388 |
* | Esterline Technologies Corp |
24,192 | |||||
| 2,210 |
Exelis, Inc |
21,791 | ||||||
| 3,764 |
Fastenal Co |
151,727 | ||||||
| 743 |
* | Federal Signal Corp |
4,339 | |||||
| 413 |
* | Flow International Corp |
1,301 | |||||
| 686 |
Flowserve Corp |
78,719 | ||||||
| 2,167 |
Fluor Corp |
106,920 | ||||||
| 2,026 |
* | Fortune Brands Home & Security, Inc |
45,119 | |||||
| 277 |
Franklin Electric Co, Inc |
14,163 | ||||||
| 227 |
Freightcar America, Inc |
5,214 | ||||||
| 6,474 |
*,e | FuelCell Energy, Inc |
6,539 | |||||
| 408 |
* | Furmanite Corp |
1,983 | |||||
30
TIAA-CREF LIFE FUNDS - Stock Index Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 655 |
Gardner Denver, Inc |
$ | 34,656 | |||||
| 594 |
GATX Corp |
22,869 | ||||||
| 575 |
* | GenCorp, Inc |
3,743 | |||||
| 317 |
* | Generac Holdings, Inc |
7,627 | |||||
| 640 |
* | General Cable Corp |
16,602 | |||||
| 4,035 |
General Dynamics Corp |
266,149 | ||||||
| 134,629 |
General Electric Co |
2,805,668 | ||||||
| 264 |
* | GeoEye, Inc |
4,087 | |||||
| 916 |
* | Gibraltar Industries, Inc |
9,508 | |||||
| 199 |
e | Global Power Equipment Group, Inc |
4,346 | |||||
| 1,565 |
Goodrich Corp |
198,598 | ||||||
| 242 |
Gorman-Rupp Co |
7,212 | ||||||
| 730 |
Graco, Inc |
33,638 | ||||||
| 1,560 |
* | GrafTech International Ltd |
15,054 | |||||
| 128 |
Graham Corp |
2,383 | ||||||
| 466 |
Granite Construction, Inc |
12,167 | ||||||
| 670 |
Great Lakes Dredge & Dock Corp |
4,770 | ||||||
| 517 |
* | Greenbrier Cos, Inc |
9,089 | |||||
| 686 |
Griffon Corp |
5,886 | ||||||
| 334 |
* | H&E Equipment Services, Inc |
5,020 | |||||
| 150 |
Hardinge, Inc |
1,365 | ||||||
| 969 |
Harsco Corp |
19,748 | ||||||
| 646 |
Heico Corp |
25,530 | ||||||
| 1,310 |
* | Hexcel Corp |
33,785 | |||||
| 9,904 |
Honeywell International, Inc |
553,039 | ||||||
| 186 |
Houston Wire & Cable Co |
2,033 | ||||||
| 728 |
Hubbell, Inc (Class B) |
56,740 | ||||||
| 604 |
* | Huntington Ingalls |
24,305 | |||||
| 78 |
* | Hurco Cos, Inc |
1,598 | |||||
| 1,031 |
IDEX Corp |
40,188 | ||||||
| 646 |
* | II-VI, Inc |
10,769 | |||||
| 5,517 |
Illinois Tool Works, Inc |
291,794 | ||||||
| 3,857 |
Ingersoll-Rand plc |
162,688 | ||||||
| 155 |
Insteel Industries, Inc |
1,728 | ||||||
| 392 |
* | Interline Brands, Inc |
9,827 | |||||
| 1,105 |
ITT Corp |
19,448 | ||||||
| 1,582 |
* | Jacobs Engineering Group, Inc |
59,894 | |||||
| 308 |
John Bean Technologies Corp |
4,180 | ||||||
| 1,345 |
Joy Global, Inc |
76,302 | ||||||
| 148 |
* | Kadant, Inc |
3,471 | |||||
| 380 |
Kaman Corp |
11,757 | ||||||
| 428 |
Kaydon Corp |
9,155 | ||||||
| 1,895 |
KBR, Inc |
46,825 | ||||||
| 983 |
Kennametal, Inc |
32,586 | ||||||
| 128 |
* | KEYW Holding Corp |
1,285 | |||||
| 294 |
* | Kratos Defense & Security Solutions, Inc |
1,717 | |||||
| 1,237 |
L-3 Communications Holdings, Inc |
91,550 | ||||||
| 220 |
* | Layne Christensen Co |
4,552 | |||||
| 111 |
LB Foster Co (Class A) |
3,176 | ||||||
| 702 |
Lennox International, Inc |
32,734 | ||||||
| 1,026 |
Lincoln Electric Holdings, Inc |
44,929 | ||||||
| 136 |
e | Lindsay Manufacturing Co |
8,826 | |||||
| 101 |
* | LMI Aerospace, Inc |
1,755 | |||||
| 3,311 |
Lockheed Martin Corp |
288,322 | ||||||
| 131 |
LSI Industries, Inc |
933 | ||||||
| 201 |
* | Lydall, Inc |
2,718 | |||||
| 1,843 |
e | Manitowoc Co, Inc |
21,563 | |||||
| 4,530 |
Masco Corp |
62,831 | ||||||
| 894 |
* | Mastec, Inc |
13,446 | |||||
| 171 |
Met-Pro Corp |
1,575 | ||||||
| 80 |
* | Michael Baker Corp |
2,087 | |||||
| 238 |
* | Middleby Corp |
23,707 | |||||
| 115 |
Miller Industries, Inc |
1,832 | ||||||
| 548 |
* | Moog, Inc (Class A) |
22,660 | |||||
| 284 |
* | MRC Global, Inc |
6,044 | |||||
31
TIAA-CREF LIFE FUNDS - Stock Index Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 556 |
MSC Industrial Direct Co (Class A) |
$ | 36,446 | |||||
| 447 |
Mueller Industries, Inc |
19,038 | ||||||
| 2,364 |
Mueller Water Products, Inc (Class A) |
8,179 | ||||||
| 209 |
* | MYR Group, Inc |
3,566 | |||||
| 66 |
Nacco Industries, Inc (Class A) |
7,673 | ||||||
| 58 |
e | National Presto Industries, Inc |
4,047 | |||||
| 777 |
* | Navistar International Corp |
22,043 | |||||
| 222 |
* | NCI Building Systems, Inc |
2,404 | |||||
| 202 |
* | NN, Inc |
2,062 | |||||
| 814 |
Nordson Corp |
41,750 | ||||||
| 100 |
*,e | Nortek, Inc |
5,004 | |||||
| 3,193 |
Northrop Grumman Corp |
203,681 | ||||||
| 96 |
* | Northwest Pipe Co |
2,329 | |||||
| 706 |
* | Orbital Sciences Corp |
9,121 | |||||
| 434 |
* | Orion Marine Group, Inc |
3,021 | |||||
| 1,078 |
* | Oshkosh Truck Corp |
22,584 | |||||
| 1,547 |
* | Owens Corning, Inc |
44,151 | |||||
| 4,530 |
Paccar, Inc |
177,531 | ||||||
| 1,472 |
Pall Corp |
80,680 | ||||||
| 1,917 |
Parker Hannifin Corp |
147,379 | ||||||
| 50 |
* | Patrick Industries, Inc |
638 | |||||
| 1,234 |
e | Pentair, Inc |
47,238 | |||||
| 313 |
Perini Corp |
3,966 | ||||||
| 250 |
* | Pgt, Inc |
758 | |||||
| 200 |
* | Pike Electric Corp |
1,544 | |||||
| 144 |
* | PMFG, Inc |
1,125 | |||||
| 591 |
*,e | Polypore International, Inc |
23,870 | |||||
| 94 |
* | Powell Industries, Inc |
3,512 | |||||
| 1,845 |
Precision Castparts Corp |
303,484 | ||||||
| 28 |
Preformed Line Products Co |
1,621 | ||||||
| 237 |
Primoris Services Corp |
2,844 | ||||||
| 64 |
*,e | Proto Labs, Inc |
1,841 | |||||
| 450 |
e | Quanex Building Products Corp |
8,046 | |||||
| 2,673 |
* | Quanta Services, Inc |
64,339 | |||||
| 230 |
Raven Industries, Inc |
16,006 | ||||||
| 4,252 |
Raytheon Co |
240,621 | ||||||
| 262 |
* | RBC Bearings, Inc |
12,393 | |||||
| 464 |
Regal-Beloit Corp |
28,889 | ||||||
| 362 |
* | Rexnord Corp |
7,254 | |||||
| 596 |
Robbins & Myers, Inc |
24,925 | ||||||
| 1,820 |
Rockwell Automation, Inc |
120,229 | ||||||
| 1,843 |
Rockwell Collins, Inc |
90,952 | ||||||
| 1,238 |
Roper Industries, Inc |
122,042 | ||||||
| 333 |
* | Rush Enterprises, Inc (Class A) |
5,445 | |||||
| 200 |
Sauer-Danfoss, Inc |
6,986 | ||||||
| 4 |
* | Seaboard Corp |
8,532 | |||||
| 134 |
SeaCube Container Leasing Ltd |
2,287 | ||||||
| 919 |
* | Shaw Group, Inc |
25,098 | |||||
| 30 |
SIFCO Industries, Inc |
689 | ||||||
| 459 |
Simpson Manufacturing Co, Inc |
13,545 | ||||||
| 738 |
Snap-On, Inc |
45,941 | ||||||
| 1,447 |
* | Spirit Aerosystems Holdings, Inc (Class A) |
34,482 | |||||
| 643 |
SPX Corp |
42,001 | ||||||
| 151 |
Standex International Corp |
6,428 | ||||||
| 2,154 |
Stanley Works |
138,631 | ||||||
| 133 |
* | Sterling Construction Co, Inc |
1,359 | |||||
| 183 |
Sun Hydraulics Corp |
4,445 | ||||||
| 130 |
Sypris Solutions, Inc |
906 | ||||||
| 368 |
TAL International Group, Inc |
12,324 | ||||||
| 812 |
* | Taser International, Inc |
4,255 | |||||
| 466 |
* | Teledyne Technologies, Inc |
28,729 | |||||
| 200 |
Tennant Co |
7,990 | ||||||
| 1,432 |
* | Terex Corp |
25,533 | |||||
| 112 |
e | Textainer Group Holdings Ltd |
4,133 | |||||
| 3,528 |
Textron, Inc |
87,741 | ||||||
32
TIAA-CREF LIFE FUNDS - Stock Index Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 120 |
* | Thermon Group Holdings |
$ | 2,485 | ||||
| 1,085 |
Timken Co |
49,682 | ||||||
| 512 |
e | Titan International, Inc |
12,559 | |||||
| 282 |
*,e | Titan Machinery, Inc |
8,564 | |||||
| 419 |
Toro Co |
30,709 | ||||||
| 626 |
* | TransDigm Group, Inc |
84,072 | |||||
| 189 |
*,e | Trex Co, Inc |
5,687 | |||||
| 321 |
* | Trimas Corp |
6,452 | |||||
| 964 |
Trinity Industries, Inc |
24,081 | ||||||
| 628 |
Triumph Group, Inc |
35,338 | ||||||
| 100 |
Twin Disc, Inc |
1,849 | ||||||
| 5,879 |
Tyco International Ltd |
310,705 | ||||||
| 1,167 |
* | United Rentals, Inc |
39,725 | |||||
| 11,601 |
United Technologies Corp |
876,224 | ||||||
| 233 |
Universal Forest Products, Inc |
9,082 | ||||||
| 959 |
URS Corp |
33,450 | ||||||
| 911 |
*,e | USG Corp |
17,355 | |||||
| 282 |
Valmont Industries, Inc |
34,114 | ||||||
| 200 |
Vicor Corp |
1,388 | ||||||
| 710 |
W.W. Grainger, Inc |
135,780 | ||||||
| 1,287 |
* | Wabash National Corp |
8,520 | |||||
| 424 |
Watsco, Inc |
31,291 | ||||||
| 573 |
Watts Water Technologies, Inc (Class A) |
19,104 | ||||||
| 545 |
* | WESCO International, Inc |
31,365 | |||||
| 619 |
Westinghouse Air Brake Technologies Corp |
48,288 | ||||||
| 70 |
* | Willis Lease Finance Corp |
862 | |||||
| 880 |
Woodward Governor Co |
34,707 | ||||||
| 2,461 |
Xylem, Inc |
61,943 | ||||||
|
|
|
|||||||
| TOTAL CAPITAL GOODS |
15,674,641 | |||||||
|
|
|
|||||||
| COMMERCIAL & PROFESSIONAL SERVICES - 0.9% |
||||||||
| 655 |
ABM Industries, Inc |
12,812 | ||||||
| 611 |
* | Acacia Research (Acacia Technologies) |
22,754 | |||||
| 1,386 |
* | ACCO Brands Corp |
14,331 | |||||
| 217 |
Acorn Energy, Inc |
1,805 | ||||||
| 335 |
Administaff, Inc |
9,062 | ||||||
| 413 |
* | Advisory Board Co |
20,481 | |||||
| 200 |
American Ecology Corp |
3,548 | ||||||
| 412 |
* | American Reprographics Co |
2,072 | |||||
| 200 |
* | Asset Acceptance Capital Corp |
1,360 | |||||
| 140 |
Asta Funding, Inc |
1,312 | ||||||
| 120 |
* | AT Cross Co |
1,184 | |||||
| 1,360 |
Avery Dennison Corp |
37,182 | ||||||
| 97 |
Barrett Business Services, Inc |
2,051 | ||||||
| 550 |
Brink’s Co |
12,749 | ||||||
| 297 |
* | Casella Waste Systems, Inc (Class A) |
1,737 | |||||
| 854 |
*,e | CBIZ, Inc |
5,073 | |||||
| 100 |
CDI Corp |
1,640 | ||||||
| 90 |
Ceco Environmental Corp |
711 | ||||||
| 676 |
*,e | Cenveo, Inc |
1,305 | |||||
| 1,396 |
Cintas Corp |
53,900 | ||||||
| 583 |
* | Clean Harbors, Inc |
32,893 | |||||
| 100 |
* | Consolidated Graphics, Inc |
2,905 | |||||
| 1,065 |
*,e | Coolbrands International, Inc |
2,694 | |||||
| 1,448 |
* | Copart, Inc |
34,303 | |||||
| 387 |
Corporate Executive Board Co |
15,820 | ||||||
| 1,325 |
Corrections Corp of America |
39,021 | ||||||
| 73 |
Courier Corp |
967 | ||||||
| 1,387 |
Covanta Holding Corp |
23,787 | ||||||
| 167 |
* | CRA International, Inc |
2,453 | |||||
| 649 |
Deluxe Corp |
16,186 | ||||||
| 365 |
* | Dolan Media Co |
2,456 | |||||
| 647 |
Dun & Bradstreet Corp |
46,047 | ||||||
| 281 |
* | Encore Capital Group, Inc |
8,323 | |||||
| 904 |
*,e | EnergySolutions, Inc |
1,528 | |||||
33
TIAA-CREF LIFE FUNDS - Stock Index Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 236 |
*,e | EnerNOC, Inc |
$ | 1,709 | ||||
| 269 |
Ennis, Inc |
4,137 | ||||||
| 1,500 |
Equifax, Inc |
69,900 | ||||||
| 172 |
* | Exponent, Inc |
9,087 | |||||
| 148 |
* | Franklin Covey Co |
1,515 | |||||
| 571 |
* | FTI Consulting, Inc |
16,416 | |||||
| 387 |
G & K Services, Inc (Class A) |
12,071 | ||||||
| 772 |
* | Geo Group, Inc |
17,540 | |||||
| 191 |
* | GP Strategies Corp |
3,528 | |||||
| 825 |
Healthcare Services Group |
15,989 | ||||||
| 200 |
Heidrick & Struggles International, Inc |
3,500 | ||||||
| 380 |
*,e | Heritage-Crystal Clean, Inc |
6,213 | |||||
| 700 |
Herman Miller, Inc |
12,964 | ||||||
| 270 |
* | Hill International, Inc |
864 | |||||
| 567 |
HNI Corp |
14,600 | ||||||
| 376 |
* | Hudson Highland Group, Inc |
1,568 | |||||
| 279 |
* | Huron Consulting Group, Inc |
8,830 | |||||
| 209 |
* | ICF International, Inc |
4,982 | |||||
| 1,150 |
* | ICO Global Communications Holdings Ltd |
1,288 | |||||
| 675 |
* | IHS, Inc (Class A) |
72,718 | |||||
| 259 |
*,e | Innerworkings, Inc |
3,504 | |||||
| 597 |
Interface, Inc |
8,137 | ||||||
| 110 |
Intersections, Inc |
1,744 | ||||||
| 1,938 |
Iron Mountain, Inc |
63,877 | ||||||
| 343 |
* | KAR Auction Services, Inc |
5,896 | |||||
| 300 |
Kelly Services, Inc (Class A) |
3,873 | ||||||
| 366 |
* | Kforce, Inc |
4,926 | |||||
| 300 |
Kimball International, Inc (Class B) |
2,310 | ||||||
| 546 |
Knoll, Inc |
7,327 | ||||||
| 500 |
* | Korn/Ferry International |
7,175 | |||||
| 1,020 |
Manpower, Inc |
37,383 | ||||||
| 274 |
McGrath RentCorp |
7,261 | ||||||
| 802 |
* | Metalico, Inc |
1,764 | |||||
| 352 |
Mine Safety Appliances Co |
14,165 | ||||||
| 172 |
* | Mistras Group, Inc |
4,520 | |||||
| 400 |
* | Mobile Mini, Inc |
5,760 | |||||
| 105 |
Multi-Color Corp |
2,335 | ||||||
| 631 |
* | Navigant Consulting, Inc |
7,976 | |||||
| 1,545 |
* | Nielsen Holdings NV |
40,510 | |||||
| 113 |
NL Industries, Inc |
1,409 | ||||||
| 817 |
*,e | Odyssey Marine Exploration, Inc |
3,056 | |||||
| 549 |
* | On Assignment, Inc |
8,762 | |||||
| 2,162 |
e | Pitney Bowes, Inc |
32,365 | |||||
| 205 |
* | Portfolio Recovery Associates, Inc |
18,708 | |||||
| 313 |
e | Quad |
4,501 | |||||
| 2,354 |
e | R.R. Donnelley & Sons Co |
27,707 | |||||
| 3,849 |
Republic Services, Inc |
101,845 | ||||||
| 514 |
Resources Connection, Inc |
6,322 | ||||||
| 1,798 |
Robert Half International, Inc |
51,369 | ||||||
| 772 |
Rollins, Inc |
17,270 | ||||||
| 275 |
* | RPX Corp |
3,946 | |||||
| 100 |
Schawk, Inc (Class A) |
1,270 | ||||||
| 189 |
* | Standard Parking Corp |
4,067 | |||||
| 838 |
Steelcase, Inc (Class A) |
7,567 | ||||||
| 1,080 |
* | Stericycle, Inc |
99,004 | |||||
| 460 |
* | SYKES Enterprises, Inc |
7,342 | |||||
| 390 |
* | Team, Inc |
12,160 | |||||
| 804 |
* | Tetra Tech, Inc |
20,968 | |||||
| 159 |
* | TMS International Corp |
1,585 | |||||
| 772 |
Towers Watson & Co |
46,243 | ||||||
| 220 |
* | TRC Cos, Inc |
1,338 | |||||
| 550 |
* | TrueBlue, Inc |
8,514 | |||||
| 330 |
Unifirst Corp |
21,038 | ||||||
| 612 |
United Stationers, Inc |
16,493 | ||||||
| 1,528 |
* | Verisk Analytics, Inc |
75,269 | |||||
34
TIAA-CREF LIFE FUNDS - Stock Index Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 263 |
Viad Corp |
$ | 5,260 | |||||
| 48 |
VSE Corp |
1,142 | ||||||
| 80 |
* | WageWorks, Inc |
1,205 | |||||
| 1,413 |
Waste Connections, Inc |
42,277 | ||||||
| 5,881 |
Waste Management, Inc |
196,425 | ||||||
|
|
|
|||||||
| TOTAL COMMERCIAL & PROFESSIONAL SERVICES |
1,792,741 | |||||||
|
|
|
|||||||
| CONSUMER DURABLES & APPAREL - 1.3% |
||||||||
| 479 |
e | American Greetings Corp (Class A) |
7,003 | |||||
| 148 |
* | Arctic Cat, Inc |
5,411 | |||||
| 1,563 |
* | Ascena Retail Group, Inc |
29,103 | |||||
| 140 |
Bassett Furniture Industries, Inc |
1,443 | ||||||
| 1,108 |
*,e | Beazer Homes USA, Inc |
3,601 | |||||
| 150 |
e | Blyth, Inc |
5,184 | |||||
| 1,127 |
Brunswick Corp |
25,042 | ||||||
| 806 |
e | Callaway Golf Co |
4,764 | |||||
| 614 |
* | Carter’s, Inc |
32,296 | |||||
| 72 |
* | Cavco Industries, Inc |
3,692 | |||||
| 65 |
Cherokee, Inc |
905 | ||||||
| 271 |
* | Clarus Corp |
2,561 | |||||
| 3,648 |
Coach, Inc |
213,335 | ||||||
| 137 |
e | Columbia Sportswear Co |
7,346 | |||||
| 1,444 |
* | CROCS, Inc |
23,321 | |||||
| 46 |
CSS Industries, Inc |
945 | ||||||
| 110 |
Culp, Inc |
1,128 | ||||||
| 474 |
*,e | Deckers Outdoor Corp |
20,861 | |||||
| 67 |
* | Delta Apparel, Inc |
915 | |||||
| 3,350 |
DR Horton, Inc |
61,573 | ||||||
| 279 |
Ethan Allen Interiors, Inc |
5,561 | ||||||
| 1,307 |
* | Fifth & Pacific Cos, Inc |
14,024 | |||||
| 60 |
Flexsteel Industries, Inc |
1,187 | ||||||
| 683 |
* | Fossil, Inc |
52,277 | |||||
| 1,360 |
*,e | Garmin Ltd |
52,074 | |||||
| 205 |
* | G-III Apparel Group Ltd |
4,856 | |||||
| 1,240 |
* | Hanesbrands, Inc |
34,385 | |||||
| 852 |
Harman International Industries, Inc |
33,739 | ||||||
| 1,546 |
Hasbro, Inc |
52,363 | ||||||
| 400 |
* | Helen of Troy Ltd |
13,556 | |||||
| 140 |
* | Hooker Furniture Corp |
1,651 | |||||
| 988 |
*,e | Hovnanian Enterprises, Inc (Class A) |
2,865 | |||||
| 870 |
* | Iconix Brand Group, Inc |
15,199 | |||||
| 429 |
*,e | iRobot Corp |
9,502 | |||||
| 311 |
e | Jakks Pacific, Inc |
4,979 | |||||
| 971 |
Jarden Corp |
40,802 | ||||||
| 1,084 |
Jones Apparel Group, Inc |
10,363 | ||||||
| 919 |
e | KB Home |
9,006 | |||||
| 100 |
* | Kenneth Cole Productions, Inc (Class A) |
1,505 | |||||
| 330 |
*,e | K-Swiss, Inc (Class A) |
1,016 | |||||
| 628 |
* | La-Z-Boy, Inc |
7,718 | |||||
| 636 |
* | Leapfrog Enterprises, Inc |
6,525 | |||||
| 1,780 |
Leggett & Platt, Inc |
37,611 | ||||||
| 1,951 |
e | Lennar Corp (Class A) |
60,305 | |||||
| 193 |
* | Libbey, Inc |
2,966 | |||||
| 112 |
Lifetime Brands, Inc |
1,397 | ||||||
| 385 |
* | M/I Homes, Inc |
6,668 | |||||
| 300 |
* | Maidenform Brands, Inc |
5,976 | |||||
| 4,469 |
Mattel, Inc |
144,974 | ||||||
| 441 |
e | MDC Holdings, Inc |
14,408 | |||||
| 377 |
* | Meritage Homes Corp |
12,795 | |||||
| 1,079 |
* | Michael Kors Holdings Ltd |
45,145 | |||||
| 702 |
* | Mohawk Industries, Inc |
49,021 | |||||
| 200 |
Movado Group, Inc |
5,004 | ||||||
| 3,613 |
Newell Rubbermaid, Inc |
65,540 | ||||||
| 4,577 |
Nike, Inc (Class B) |
401,769 | ||||||
| 64 |
* | NVR, Inc |
54,400 | |||||
35
TIAA-CREF LIFE FUNDS - Stock Index Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 200 |
Oxford Industries, Inc |
$ | 8,940 | |||||
| 161 |
* | Perry Ellis International, Inc |
3,341 | |||||
| 823 |
Phillips-Van Heusen Corp |
64,021 | ||||||
| 804 |
Polaris Industries, Inc |
57,470 | ||||||
| 567 |
Pool Corp |
22,941 | ||||||
| 4,337 |
* | Pulte Homes, Inc |
46,406 | |||||
| 1,598 |
* | Quiksilver, Inc |
3,723 | |||||
| 770 |
Ralph Lauren Corp |
107,846 | ||||||
| 101 |
RG Barry Corp |
1,373 | ||||||
| 506 |
Ryland Group, Inc |
12,944 | ||||||
| 1,213 |
*,e | Sealy Corp |
2,244 | |||||
| 403 |
* | Skechers U.S.A., Inc (Class A) |
8,209 | |||||
| 208 |
* | Skullcandy, Inc |
2,943 | |||||
| 635 |
* | Smith & Wesson Holding Corp |
5,277 | |||||
| 1,250 |
*,e | Standard-Pacific Corp |
7,738 | |||||
| 100 |
* | Steinway Musical Instruments, Inc |
2,450 | |||||
| 501 |
* | Steven Madden Ltd |
15,907 | |||||
| 228 |
e | Sturm Ruger & Co, Inc |
9,154 | |||||
| 875 |
* | Tempur-Pedic International, Inc |
20,466 | |||||
| 1,801 |
* | Toll Brothers, Inc |
53,544 | |||||
| 304 |
True Religion Apparel, Inc |
8,810 | ||||||
| 271 |
*,e | Tumi Holdings, Inc |
4,743 | |||||
| 709 |
Tupperware Corp |
38,825 | ||||||
| 502 |
*,e | Under Armour, Inc (Class A) |
47,429 | |||||
| 340 |
* | Unifi, Inc |
3,852 | |||||
| 166 |
* | Universal Electronics, Inc |
2,186 | |||||
| 246 |
*,e | Vera Bradley, Inc |
5,186 | |||||
| 1,115 |
VF Corp |
148,797 | ||||||
| 515 |
* | Warnaco Group, Inc |
21,929 | |||||
| 60 |
Weyco Group, Inc |
1,391 | ||||||
| 946 |
Whirlpool Corp |
57,857 | ||||||
| 600 |
Wolverine World Wide, Inc |
23,268 | ||||||
| 247 |
*,e | Zagg, Inc |
2,695 | |||||
|
|
|
|||||||
| TOTAL CONSUMER DURABLES & APPAREL |
2,557,466 | |||||||
|
|
|
|||||||
| CONSUMER SERVICES - 2.3% |
||||||||
| 306 |
* | AFC Enterprises |
7,081 | |||||
| 224 |
* | American Public Education, Inc |
7,168 | |||||
| 660 |
Ameristar Casinos, Inc |
11,728 | ||||||
| 1,296 |
* | Apollo Group, Inc (Class A) |
46,902 | |||||
| 159 |
* | Ascent Media Corp (Series A) |
8,228 | |||||
| 701 |
* | Bally Technologies, Inc |
32,709 | |||||
| 170 |
Benihana, Inc |
2,739 | ||||||
| 298 |
* | BJ’s Restaurants, Inc |
11,324 | |||||
| 180 |
*,e | Bluegreen Corp |
893 | |||||
| 379 |
Bob Evans Farms, Inc |
15,236 | ||||||
| 704 |
*,e | Boyd Gaming Corp |
5,069 | |||||
| 141 |
* | Bravo Brio Restaurant Group, Inc |
2,514 | |||||
| 234 |
*,e | Bridgepoint Education, Inc |
5,101 | |||||
| 1,103 |
Brinker International, Inc |
35,153 | ||||||
| 218 |
* | Buffalo Wild Wings, Inc |
18,887 | |||||
| 540 |
*,e | Caesars Entertainment Corp |
6,156 | |||||
| 202 |
* | Capella Education Co |
7,022 | |||||
| 812 |
* | Career Education Corp |
5,432 | |||||
| 267 |
* | Caribou Coffee Co, Inc |
3,447 | |||||
| 5,280 |
Carnival Corp |
180,946 | ||||||
| 200 |
Carriage Services, Inc |
1,664 | ||||||
| 288 |
CBRL Group, Inc |
18,086 | ||||||
| 272 |
CEC Entertainment, Inc |
9,893 | ||||||
| 746 |
* | Cheesecake Factory |
23,842 | |||||
| 385 |
* | Chipotle Mexican Grill, Inc (Class A) |
146,281 | |||||
| 370 |
Choice Hotels International, Inc |
14,774 | ||||||
| 155 |
Churchill Downs, Inc |
9,112 | ||||||
| 397 |
*,e | Coinstar, Inc |
27,258 | |||||
| 70 |
e | Collectors Universe |
1,028 | |||||
36
TIAA-CREF LIFE FUNDS - Stock Index Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 1,059 |
*,e | Corinthian Colleges, Inc |
$ | 3,061 | ||||
| 1,651 |
Darden Restaurants, Inc |
83,590 | ||||||
| 949 |
* | Denny’s Corp |
4,214 | |||||
| 854 |
DeVry, Inc |
26,448 | ||||||
| 223 |
* | DineEquity, Inc |
9,955 | |||||
| 767 |
Domino’s Pizza, Inc |
23,708 | ||||||
| 1,035 |
Dunkin Brands Group, Inc |
35,542 | ||||||
| 519 |
*,e | Education Management Corp |
3,607 | |||||
| 200 |
* | Fiesta Restaurant Group, Inc |
2,646 | |||||
| 40 |
Frisch’s Restaurants, Inc |
1,134 | ||||||
| 424 |
* | Gaylord Entertainment Co |
16,349 | |||||
| 505 |
* | Grand Canyon Education, Inc |
10,575 | |||||
| 3,828 |
H&R Block, Inc |
61,171 | ||||||
| 1,071 |
Hillenbrand, Inc |
19,685 | ||||||
| 540 |
* | Hyatt Hotels Corp |
20,066 | |||||
| 80 |
*,e | Ignite Restaurant Group, Inc |
1,449 | |||||
| 3,723 |
International Game Technology |
58,637 | ||||||
| 548 |
International Speedway Corp (Class A) |
14,347 | ||||||
| 474 |
Interval Leisure Group, Inc |
9,011 | ||||||
| 244 |
* | Isle of Capri Casinos, Inc |
1,505 | |||||
| 351 |
*,e | ITT Educational Services, Inc |
21,323 | |||||
| 678 |
* | Jack in the Box, Inc |
18,903 | |||||
| 738 |
* | Jamba, Inc |
1,446 | |||||
| 310 |
*,e | K12, Inc |
7,223 | |||||
| 587 |
* | Krispy Kreme Doughnuts, Inc |
3,751 | |||||
| 4,967 |
Las Vegas Sands Corp |
216,015 | ||||||
| 545 |
* | Life Time Fitness, Inc |
25,348 | |||||
| 288 |
Lincoln Educational Services Corp |
1,872 | ||||||
| 140 |
Mac-Gray Corp |
1,973 | ||||||
| 200 |
Marcus Corp |
2,752 | ||||||
| 3,228 |
Marriott International, Inc (Class A) |
126,538 | ||||||
| 345 |
* | Marriott Vacations Worldwide Corp |
10,688 | |||||
| 367 |
Matthews International Corp (Class A) |
11,924 | ||||||
| 12,905 |
McDonald’s Corp |
1,142,480 | ||||||
| 5,009 |
* | MGM Mirage |
55,900 | |||||
| 200 |
* | Monarch Casino & Resort, Inc |
1,828 | |||||
| 510 |
* | Morgans Hotel Group Co |
2,397 | |||||
| 290 |
* | MTR Gaming Group, Inc |
1,377 | |||||
| 322 |
* | Multimedia Games, Inc |
4,508 | |||||
| 30 |
* | Nathan’s Famous, Inc |
885 | |||||
| 1,101 |
* | Orient-Express Hotels Ltd (Class A) |
9,215 | |||||
| 360 |
* | Panera Bread Co (Class A) |
50,198 | |||||
| 263 |
* | Papa John’s International, Inc |
12,511 | |||||
| 149 |
* | Peet’s Coffee & Tea, Inc |
8,946 | |||||
| 861 |
* | Penn National Gaming, Inc |
38,392 | |||||
| 793 |
* | Pinnacle Entertainment, Inc |
7,629 | |||||
| 330 |
*,e | Premier Exhibitions, Inc |
891 | |||||
| 150 |
* | Red Robin Gourmet Burgers, Inc |
4,576 | |||||
| 674 |
Regis Corp |
12,105 | ||||||
| 1,926 |
Royal Caribbean Cruises Ltd |
50,134 | ||||||
| 779 |
* | Ruby Tuesday, Inc |
5,305 | |||||
| 200 |
* | Ruth’s Chris Steak House, Inc |
1,320 | |||||
| 774 |
* | Scientific Games Corp (Class A) |
6,618 | |||||
| 2,758 |
Service Corp International |
34,117 | ||||||
| 646 |
* | Shuffle Master, Inc |
8,915 | |||||
| 468 |
Six Flags Entertainment Corp |
25,356 | ||||||
| 729 |
* | Sonic Corp |
7,305 | |||||
| 810 |
Sotheby’s (Class A) |
27,022 | ||||||
| 164 |
Speedway Motorsports, Inc |
2,773 | ||||||
| 9,503 |
Starbucks Corp |
506,700 | ||||||
| 2,477 |
Starwood Hotels & Resorts Worldwide, Inc |
131,380 | ||||||
| 20 |
* | Steak N Shake Co |
7,728 | |||||
| 185 |
* | Steiner Leisure Ltd |
8,586 | |||||
| 1,142 |
Stewart Enterprises, Inc (Class A) |
8,154 | ||||||
37
TIAA-CREF LIFE FUNDS - Stock Index Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 171 |
e | Strayer Education, Inc |
$ | 18,642 | ||||
| 687 |
Texas Roadhouse, Inc (Class A) |
12,661 | ||||||
| 250 |
* | Town Sports International Holdings, Inc |
3,322 | |||||
| 228 |
Universal Technical Institute, Inc |
3,080 | ||||||
| 437 |
Vail Resorts, Inc |
21,885 | ||||||
| 356 |
e | Weight Watchers International, Inc |
18,355 | |||||
| 3,949 |
Wendy’s |
18,639 | ||||||
| 698 |
* | WMS Industries, Inc |
13,925 | |||||
| 1,852 |
Wyndham Worldwide Corp |
97,674 | ||||||
| 1,012 |
Wynn Resorts Ltd |
104,965 | ||||||
| 5,847 |
Yum! Brands, Inc |
376,664 | ||||||
|
|
|
|||||||
| TOTAL CONSUMER SERVICES |
4,397,192 | |||||||
|
|
|
|||||||
| DIVERSIFIED FINANCIALS - 5.4% |
||||||||
| 647 |
* | Affiliated Managers Group, Inc |
70,814 | |||||
| 4,393 |
* | American Capital Ltd |
44,238 | |||||
| 12,716 |
American Express Co |
740,198 | ||||||
| 2,781 |
Ameriprise Financial, Inc |
145,335 | ||||||
| 2,330 |
Apollo Investment Corp |
17,894 | ||||||
| 2,886 |
Ares Capital Corp |
46,061 | ||||||
| 341 |
Artio Global Investors, Inc |
1,194 | ||||||
| 136,846 |
Bank of America Corp |
1,119,400 | ||||||
| 15,145 |
Bank of New York Mellon Corp |
332,433 | ||||||
| 1,263 |
BGC Partners, Inc (Class A) |
7,414 | ||||||
| 942 |
BlackRock Kelso Capital Corp |
9,194 | ||||||
| 1,617 |
BlackRock, Inc |
274,599 | ||||||
| 200 |
Calamos Asset Management, Inc (Class A) |
2,290 | ||||||
| 7,157 |
Capital One Financial Corp |
391,202 | ||||||
| 47 |
Capital Southwest Corp |
4,833 | ||||||
| 400 |
Cash America International, Inc |
17,616 | ||||||
| 1,112 |
CBOE Holdings, Inc |
30,780 | ||||||
| 13,638 |
Charles Schwab Corp |
176,339 | ||||||
| 37,170 |
Citigroup, Inc |
1,018,830 | ||||||
| 841 |
CME Group, Inc |
225,480 | ||||||
| 207 |
e | Cohen & Steers, Inc |
7,144 | |||||
| 888 |
* | Cowen Group, Inc |
2,362 | |||||
| 82 |
* | Credit Acceptance Corp |
6,923 | |||||
| 22 |
Diamond Hill Investment Group, Inc |
1,722 | ||||||
| 6,736 |
Discover Financial Services |
232,931 | ||||||
| 450 |
* | Dollar Financial Corp |
8,294 | |||||
| 332 |
Duff & Phelps Corp |
4,814 | ||||||
| 3,622 |
* | E*Trade Financial Corp |
29,121 | |||||
| 1,406 |
Eaton Vance Corp |
37,892 | ||||||
| 160 |
Epoch Holding Corp |
3,645 | ||||||
| 364 |
Evercore Partners, Inc (Class A) |
8,514 | ||||||
| 545 |
* | Ezcorp, Inc (Class A) |
12,786 | |||||
| 653 |
* | FBR Capital Markets Corp |
1,809 | |||||
| 1,409 |
e | Federated Investors, Inc (Class B) |
30,787 | |||||
| 1,049 |
e | Fifth Street Finance Corp |
10,469 | |||||
| 587 |
*,e | Financial Engines, Inc |
12,591 | |||||
| 363 |
* | First Cash Financial Services, Inc |
14,582 | |||||
| 641 |
*,e | First Marblehead Corp |
750 | |||||
| 110 |
* | Firsthand Technology Value Fund, Inc |
1,943 | |||||
| 1,855 |
Franklin Resources, Inc |
205,886 | ||||||
| 80 |
e | Friedman Billings Ramsey Group, Inc (Class A) |
1,737 | |||||
| 215 |
e | FXCM, Inc |
2,528 | |||||
| 69 |
GAMCO Investors, Inc (Class A) |
3,063 | ||||||
| 704 |
GFI Group, Inc |
2,506 | ||||||
| 239 |
Gladstone Capital Corp |
1,886 | ||||||
| 252 |
Gladstone Investment Corp |
1,862 | ||||||
| 6,261 |
Goldman Sachs Group, Inc |
600,179 | ||||||
| 92 |
e | Golub Capital BDC, Inc |
1,388 | |||||
| 276 |
*,e | Green Dot Corp |
6,105 | |||||
| 354 |
e | Greenhill & Co, Inc |
12,620 | |||||
| 240 |
* | GSV Capital Corp |
2,232 | |||||
38
TIAA-CREF LIFE FUNDS - Stock Index Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 322 |
* | Harris & Harris Group, Inc |
$ | 1,224 | ||||
| 635 |
Hercules Technology Growth Capital, Inc |
7,201 | ||||||
| 409 |
* | HFF, Inc (Class A) |
5,701 | |||||
| 80 |
Horizon Technology Finance Corp |
1,319 | ||||||
| 441 |
Interactive Brokers Group, Inc (Class A) |
6,491 | ||||||
| 960 |
* | IntercontinentalExchange, Inc |
130,541 | |||||
| 153 |
* | International Assets Holding Corp |
2,961 | |||||
| 405 |
* | Internet Capital Group, Inc |
3,746 | |||||
| 5,831 |
Invesco Ltd |
131,781 | ||||||
| 524 |
* | Investment Technology Group, Inc |
4,821 | |||||
| 6,669 |
iShares Russell 3000 Index Fund |
536,054 | ||||||
| 2,289 |
Janus Capital Group, Inc |
17,900 | ||||||
| 1,790 |
Jefferies Group, Inc |
23,252 | ||||||
| 173 |
JMP Group, Inc |
1,069 | ||||||
| 48,372 |
JPMorgan Chase & Co |
1,728,332 | ||||||
| 422 |
e | KBW, Inc |
6,942 | |||||
| 1,888 |
* | Knight Capital Group, Inc (Class A) |
22,543 | |||||
| 240 |
e | Kohlberg Capital Corp |
1,742 | |||||
| 1,144 |
*,e | Ladenburg Thalmann Financial Services, Inc |
1,762 | |||||
| 1,450 |
Lazard Ltd (Class A) |
37,686 | ||||||
| 1,857 |
Legg Mason, Inc |
48,969 | ||||||
| 2,510 |
Leucadia National Corp |
53,388 | ||||||
| 641 |
* | LPL Financial Holdings, Inc |
21,647 | |||||
| 250 |
Main Street Capital Corp |
6,050 | ||||||
| 175 |
Manning & Napier, Inc |
2,490 | ||||||
| 463 |
MarketAxess Holdings, Inc |
12,334 | ||||||
| 102 |
Marlin Business Services Corp |
1,672 | ||||||
| 778 |
MCG Capital Corp |
3,579 | ||||||
| 175 |
Medallion Financial Corp |
1,859 | ||||||
| 212 |
Medley Capital Corp |
2,552 | ||||||
| 110 |
MicroFinancial, Inc |
891 | ||||||
| 2,471 |
Moody’s Corp |
90,315 | ||||||
| 19,595 |
Morgan Stanley |
285,891 | ||||||
| 1,492 |
* | MSCI, Inc (Class A) |
50,758 | |||||
| 407 |
MVC Capital, Inc |
5,271 | ||||||
| 1,637 |
Nasdaq Stock Market, Inc |
37,111 | ||||||
| 320 |
Nelnet, Inc (Class A) |
7,360 | ||||||
| 370 |
*,e | Netspend Holdings, Inc |
3,400 | |||||
| 341 |
* | NewStar Financial, Inc |
4,419 | |||||
| 300 |
NGP Capital Resources Co |
2,124 | ||||||
| 120 |
e | Nicholas Financial, Inc |
1,538 | |||||
| 2,796 |
Northern Trust Corp |
128,672 | ||||||
| 3,295 |
NYSE Euronext |
84,286 | ||||||
| 116 |
Oppenheimer Holdings, Inc |
1,824 | ||||||
| 725 |
PennantPark Investment Corp |
7,504 | ||||||
| 639 |
*,e | PHH Corp |
11,170 | |||||
| 272 |
* | Pico Holdings, Inc |
6,096 | |||||
| 236 |
* | Piper Jaffray Cos |
5,529 | |||||
| 1,541 |
e | Prospect Capital Corp |
17,552 | |||||
| 90 |
Pzena Investment Management, Inc (Class A) |
399 | ||||||
| 1,443 |
Raymond James Financial, Inc |
49,408 | ||||||
| 60 |
*,e | Regional Management Corp |
987 | |||||
| 150 |
* | Resource America, Inc (Class A) |
957 | |||||
| 219 |
* | Safeguard Scientifics, Inc |
3,390 | |||||
| 209 |
e | Sanders Morris Harris Group, Inc |
1,818 | |||||
| 1,802 |
SEI Investments Co |
35,842 | ||||||
| 6,277 |
SLM Corp |
98,612 | ||||||
| 456 |
Solar Capital Ltd |
10,151 | ||||||
| 125 |
Solar Senior Capital Ltd |
2,112 | ||||||
| 6,327 |
State Street Corp |
282,437 | ||||||
| 676 |
* | Stifel Financial Corp |
20,888 | |||||
| 289 |
SWS Group, Inc |
1,540 | ||||||
| 3,302 |
T Rowe Price Group, Inc |
207,894 | ||||||
| 70 |
TCP Capital Corp |
1,012 | ||||||
| 2,921 |
TD Ameritrade Holding Corp |
49,657 | ||||||
39
TIAA-CREF LIFE FUNDS - Stock Index Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 104 |
THL Credit, Inc |
$ | 1,401 | |||||
| 330 |
TICC Capital Corp |
3,201 | ||||||
| 517 |
e | Triangle Capital Corp |
11,777 | |||||
| 56 |
* | Virtus Investment Partners, Inc |
4,536 | |||||
| 1,037 |
Waddell & Reed Financial, Inc (Class A) |
31,400 | ||||||
| 288 |
Walter Investment Management Corp |
6,751 | ||||||
| 61 |
Westwood Holdings Group, Inc |
2,273 | ||||||
| 748 |
* | WisdomTree Investments, Inc |
4,914 | |||||
| 199 |
*,e | World Acceptance Corp |
13,094 | |||||
|
|
|
|||||||
| TOTAL DIVERSIFIED FINANCIALS |
10,372,985 | |||||||
|
|
|
|||||||
| ENERGY - 9.7% |
||||||||
| 2,642 |
*,e | Abraxas Petroleum Corp |
8,428 | |||||
| 30 |
Adams Resources & Energy, Inc |
1,258 | ||||||
| 142 |
Alon USA Energy, Inc |
1,201 | ||||||
| 2,853 |
* | Alpha Natural Resources, Inc |
24,850 | |||||
| 218 |
*,e | Amyris Biotechnologies, Inc |
966 | |||||
| 6,322 |
Anadarko Petroleum Corp |
418,516 | ||||||
| 4,964 |
Apache Corp |
436,286 | ||||||
| 180 |
e | APCO Argentina, Inc |
3,249 | |||||
| 503 |
*,e | Approach Resources, Inc |
12,847 | |||||
| 2,629 |
e | Arch Coal, Inc |
18,114 | |||||
| 643 |
*,e | ATP Oil & Gas Corp |
2,173 | |||||
| 675 |
* | Atwood Oceanics, Inc |
25,542 | |||||
| 5,569 |
Baker Hughes, Inc |
228,886 | ||||||
| 369 |
*,e | Basic Energy Services, Inc |
3,808 | |||||
| 617 |
Berry Petroleum Co (Class A) |
24,470 | ||||||
| 553 |
* | Bill Barrett Corp |
11,845 | |||||
| 110 |
Bolt Technology Corp |
1,651 | ||||||
| 340 |
* | Bonanza Creek Energy, Inc |
5,654 | |||||
| 1,271 |
*,e | BPZ Energy, Inc |
3,216 | |||||
| 433 |
Bristow Group, Inc |
17,610 | ||||||
| 564 |
*,e | C&J Energy Services, Inc |
10,434 | |||||
| 2,580 |
Cabot Oil & Gas Corp |
101,652 | ||||||
| 1,143 |
* | Cal Dive International, Inc |
3,315 | |||||
| 354 |
* | Callon Petroleum Co |
1,508 | |||||
| 3,069 |
* | Cameron International Corp |
131,077 | |||||
| 235 |
e | CARBO Ceramics, Inc |
18,032 | |||||
| 483 |
* | Carrizo Oil & Gas, Inc |
11,355 | |||||
| 2,370 |
* | Cheniere Energy, Inc |
34,934 | |||||
| 8,437 |
e | Chesapeake Energy Corp |
156,928 | |||||
| 25,051 |
Chevron Corp |
2,642,880 | ||||||
| 1,064 |
Cimarex Energy Co |
58,648 | ||||||
| 90 |
*,e | Clayton Williams Energy, Inc |
4,354 | |||||
| 839 |
*,e | Clean Energy Fuels Corp |
13,005 | |||||
| 755 |
* | Cloud Peak Energy, Inc |
12,767 | |||||
| 2,316 |
* | Cobalt International Energy, Inc |
54,426 | |||||
| 599 |
* | Comstock Resources, Inc |
9,836 | |||||
| 1,328 |
* | Concho Resources, Inc |
113,039 | |||||
| 16,057 |
ConocoPhillips |
897,265 | ||||||
| 2,890 |
Consol Energy, Inc |
87,394 | ||||||
| 151 |
* | Contango Oil & Gas Co |
8,939 | |||||
| 495 |
* | Continental Resources, Inc |
32,977 | |||||
| 90 |
*,e | CREDO Petroleum Corp |
1,302 | |||||
| 456 |
Crosstex Energy, Inc |
6,384 | ||||||
| 212 |
* | CVR Energy, Inc |
5,635 | |||||
| 1,093 |
* | CVR Energy, Inc (Contingent value right) |
0 | |||||
| 80 |
* | Dawson Geophysical Co |
1,906 | |||||
| 213 |
Delek US Holdings, Inc |
3,747 | ||||||
| 4,935 |
* | Denbury Resources, Inc |
74,568 | |||||
| 5,153 |
* | Devon Energy Corp |
298,822 | |||||
| 939 |
e | Diamond Offshore Drilling, Inc |
55,523 | |||||
| 994 |
* | Dresser-Rand Group, Inc |
44,273 | |||||
| 510 |
* | Dril-Quip, Inc |
33,451 | |||||
| 780 |
*,e | Endeavour International Corp |
6,552 | |||||
40
TIAA-CREF LIFE FUNDS - Stock Index Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 915 |
Energen Corp |
$ | 41,294 | |||||
| 354 |
* | Energy Partners Ltd |
5,983 | |||||
| 938 |
Energy XXI Bermuda Ltd |
29,350 | ||||||
| 3,401 |
EOG Resources, Inc |
306,464 | ||||||
| 1,668 |
Equitable Resources, Inc |
89,455 | ||||||
| 1,767 |
EXCO Resources, Inc |
13,412 | ||||||
| 747 |
* | Exterran Holdings, Inc |
9,524 | |||||
| 59,380 |
d | Exxon Mobil Corp |
5,081,147 | |||||
| 3,113 |
* | FMC Technologies, Inc |
122,123 | |||||
| 190 |
*,e | Forbes Energy Services Ltd |
893 | |||||
| 1,348 |
* | Forest Oil Corp |
9,881 | |||||
| 284 |
* | Forum Energy Technologies, Inc |
5,592 | |||||
| 743 |
e | Frontline Ltd |
3,388 | |||||
| 386 |
* | FX Energy, Inc |
2,297 | |||||
| 291 |
* | GasLog Ltd |
2,954 | |||||
| 1,809 |
* | Gastar Exploration Ltd |
3,491 | |||||
| 387 |
* | Georesources, Inc |
14,168 | |||||
| 690 |
* | Global Geophysical Services, Inc |
4,223 | |||||
| 551 |
e | Golar LNG Ltd |
20,773 | |||||
| 321 |
*,e | Goodrich Petroleum Corp |
4,449 | |||||
| 143 |
*,e | Green Plains Renewable Energy, Inc |
892 | |||||
| 190 |
Gulf Island Fabrication, Inc |
5,360 | ||||||
| 287 |
* | Gulfmark Offshore, Inc |
9,770 | |||||
| 710 |
* | Gulfport Energy Corp |
14,647 | |||||
| 886 |
*,e | Halcon Resources Corp |
8,364 | |||||
| 11,722 |
Halliburton Co |
332,788 | ||||||
| 978 |
*,e | Harvest Natural Resources, Inc |
8,362 | |||||
| 1,688 |
*,e | Heckmann Corp |
5,705 | |||||
| 1,341 |
* | Helix Energy Solutions Group, Inc |
22,006 | |||||
| 1,186 |
Helmerich & Payne, Inc |
51,567 | ||||||
| 1,501 |
* | Hercules Offshore, Inc |
5,314 | |||||
| 3,861 |
Hess Corp |
167,760 | ||||||
| 2,628 |
Holly Corp |
93,110 | ||||||
| 441 |
* | Hornbeck Offshore Services, Inc |
17,102 | |||||
| 1,704 |
* | ION Geophysical Corp |
11,229 | |||||
| 13 |
*,e | Isramco, Inc |
1,430 | |||||
| 1,861 |
* | Key Energy Services, Inc |
14,144 | |||||
| 6,205 |
Kinder Morgan, Inc |
199,925 | ||||||
| 134 |
*,e | KiOR, Inc (Class A) |
1,199 | |||||
| 185 |
e | Knightsbridge Tankers Ltd |
1,506 | |||||
| 3,714 |
* | Kodiak Oil & Gas Corp |
30,492 | |||||
| 890 |
* | Kosmos Energy LLC |
9,834 | |||||
| 300 |
* | Laredo Petroleum Holdings, Inc |
6,240 | |||||
| 400 |
Lufkin Industries, Inc |
21,728 | ||||||
| 1,790 |
*,e | Magnum Hunter Resources Corp |
7,482 | |||||
| 8,885 |
Marathon Oil Corp |
227,189 | ||||||
| 4,379 |
Marathon Petroleum Corp |
196,705 | ||||||
| 177 |
* | Matador Resources Co |
1,901 | |||||
| 440 |
* | Matrix Service Co |
4,994 | |||||
| 2,913 |
* | McDermott International, Inc |
32,451 | |||||
| 1,294 |
*,e | McMoRan Exploration Co |
16,395 | |||||
| 310 |
* | Midstates Petroleum Co, Inc |
3,010 | |||||
| 1,226 |
*,e | Miller Petroleum, Inc |
6,130 | |||||
| 120 |
* | Mitcham Industries, Inc |
2,036 | |||||
| 2,424 |
Murphy Oil Corp |
121,903 | ||||||
| 3,568 |
* | Nabors Industries Ltd |
51,379 | |||||
| 5,376 |
National Oilwell Varco, Inc |
346,429 | ||||||
| 136 |
* | Natural Gas Services Group, Inc |
2,016 | |||||
| 1,672 |
* | Newfield Exploration Co |
49,006 | |||||
| 1,250 |
* | Newpark Resources, Inc |
7,375 | |||||
| 2,265 |
Noble Energy, Inc |
192,117 | ||||||
| 562 |
e | Nordic American Tanker Shipping |
7,626 | |||||
| 746 |
*,e | Northern Oil And Gas, Inc |
11,891 | |||||
| 1,014 |
* | Oasis Petroleum, Inc |
24,519 | |||||
| 10,329 |
Occidental Petroleum Corp |
885,918 | ||||||
41
TIAA-CREF LIFE FUNDS - Stock Index Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 1,376 |
Oceaneering International, Inc |
$ | 65,855 | |||||
| 637 |
* | Oil States International, Inc |
42,169 | |||||
| 443 |
e | Overseas Shipholding Group, Inc |
4,922 | |||||
| 82 |
* | OYO Geospace Corp |
7,379 | |||||
| 85 |
Panhandle Oil and Gas, Inc (Class A) |
2,562 | ||||||
| 1,722 |
* | Parker Drilling Co |
7,766 | |||||
| 1,236 |
*,e | Patriot Coal Corp |
1,508 | |||||
| 1,923 |
Patterson-UTI Energy, Inc |
27,999 | ||||||
| 403 |
* | PDC Energy, Inc |
9,882 | |||||
| 3,457 |
Peabody Energy Corp |
84,766 | ||||||
| 551 |
Penn Virginia Corp |
4,044 | ||||||
| 815 |
*,e | Petroquest Energy, Inc |
4,075 | |||||
| 149 |
* | PHI, Inc |
4,144 | |||||
| 7,943 |
* | Phillips 66 |
264,025 | |||||
| 568 |
* | Pioneer Drilling Co |
4,527 | |||||
| 1,562 |
Pioneer Natural Resources Co |
137,784 | ||||||
| 1,637 |
* | Plains Exploration & Production Co |
57,590 | |||||
| 2,264 |
Questar Market Resources, Inc |
67,852 | ||||||
| 1,420 |
*,e | Quicksilver Resources, Inc |
7,696 | |||||
| 2,070 |
Range Resources Corp |
128,071 | ||||||
| 2,606 |
* | Rentech, Inc |
5,368 | |||||
| 460 |
*,e | Resolute Energy Corp |
4,402 | |||||
| 494 |
*,e | Rex Energy Corp |
5,538 | |||||
| 92 |
* | Rex Stores Corp |
1,796 | |||||
| 160 |
* | RigNet, Inc |
2,782 | |||||
| 657 |
* | Rosetta Resources, Inc |
24,072 | |||||
| 1,533 |
* | Rowan Cos PLC |
49,562 | |||||
| 757 |
e | RPC, Inc |
9,001 | |||||
| 151 |
* | Sanchez Energy Corp |
3,141 | |||||
| 6,213 |
*,e | SandRidge Energy, Inc |
41,565 | |||||
| 230 |
* | Saratoga Resources, Inc |
1,352 | |||||
| 17,132 |
Schlumberger Ltd |
1,112,038 | ||||||
| 156 |
* | Scorpio Tankers, Inc |
997 | |||||
| 272 |
SEACOR Holdings, Inc |
24,311 | ||||||
| 517 |
* | SemGroup Corp |
16,508 | |||||
| 482 |
e | Ship Finance International Ltd |
7,534 | |||||
| 413 |
*,e | Solazyme, Inc |
5,741 | |||||
| 4,435 |
* | Southwestern Energy Co |
141,610 | |||||
| 8,242 |
Spectra Energy Corp |
239,513 | ||||||
| 844 |
St. Mary Land & Exploration Co |
41,449 | ||||||
| 626 |
* | Stone Energy Corp |
15,863 | |||||
| 1,329 |
Sunoco, Inc |
63,127 | ||||||
| 2,001 |
* | Superior Energy Services |
40,480 | |||||
| 514 |
* | Swift Energy Co |
9,566 | |||||
| 500 |
*,e | Synergy Resources Corp |
1,540 | |||||
| 367 |
Targa Resources Investments, Inc |
15,671 | ||||||
| 480 |
Teekay Corp |
14,054 | ||||||
| 800 |
e | Teekay Tankers Ltd (Class A) |
3,648 | |||||
| 364 |
* | Tesco Corp |
4,368 | |||||
| 1,783 |
* | Tesoro Corp |
44,504 | |||||
| 974 |
* | Tetra Technologies, Inc |
6,945 | |||||
| 182 |
* | TGC Industries, Inc |
1,767 | |||||
| 645 |
Tidewater, Inc |
29,902 | ||||||
| 522 |
*,e | Triangle Petroleum Corp |
2,913 | |||||
| 1,944 |
*,e | Ultra Petroleum Corp |
44,848 | |||||
| 300 |
* | Union Drilling, Inc |
1,344 | |||||
| 615 |
* | Unit Corp |
22,687 | |||||
| 4,023 |
*,e | Uranerz Energy Corp |
5,833 | |||||
| 1,254 |
*,e | Uranium Energy Corp |
2,872 | |||||
| 621 |
* | Vaalco Energy, Inc |
5,359 | |||||
| 7,017 |
Valero Energy Corp |
169,461 | ||||||
| 5,036 |
* | Vantage Drilling Co |
7,554 | |||||
| 231 |
* | Venoco, Inc |
2,312 | |||||
| 580 |
* | Voyager Oil & Gas, Inc |
1,021 | |||||
| 414 |
W&T Offshore, Inc |
6,334 | ||||||
42
TIAA-CREF LIFE FUNDS - Stock Index Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 580 |
* | Warren Resources, Inc |
$ | 1,392 | ||||
| 925 |
Western Refining, Inc |
20,600 | ||||||
| 125 |
*,e | Westmoreland Coal Co |
1,006 | |||||
| 1,492 |
* | Whiting Petroleum Corp |
61,351 | |||||
| 1,032 |
* | Willbros Group, Inc |
6,667 | |||||
| 7,843 |
Williams Cos, Inc |
226,035 | ||||||
| 874 |
World Fuel Services Corp |
33,238 | ||||||
| 2,447 |
* | WPX Energy, Inc |
39,592 | |||||
| 320 |
*,e | ZaZa Energy Corp |
1,446 | |||||
|
|
|
|||||||
| TOTAL ENERGY |
18,785,501 | |||||||
|
|
|
|||||||
| FOOD & STAPLES RETAILING - 2.1% |
||||||||
| 207 |
Andersons, Inc |
8,831 | ||||||
| 15 |
Arden Group, Inc (Class A) |
1,308 | ||||||
| 496 |
Casey’s General Stores, Inc |
29,259 | ||||||
| 300 |
* | Chefs’ Warehouse Holdings, Inc |
5,415 | |||||
| 5,501 |
Costco Wholesale Corp |
522,595 | ||||||
| 16,272 |
CVS Corp |
760,391 | ||||||
| 350 |
* | Fresh Market, Inc |
18,770 | |||||
| 610 |
Harris Teeter Supermarkets, Inc |
25,004 | ||||||
| 100 |
Ingles Markets, Inc (Class A) |
1,603 | ||||||
| 7,124 |
Kroger Co |
165,206 | ||||||
| 180 |
Nash Finch Co |
3,866 | ||||||
| 248 |
* | Pantry, Inc |
3,646 | |||||
| 231 |
Pricesmart, Inc |
15,595 | ||||||
| 7,015 |
* | Rite Aid Corp |
9,821 | |||||
| 245 |
e | Roundy’s, Inc |
2,501 | |||||
| 3,058 |
e | Safeway, Inc |
55,503 | |||||
| 217 |
Spartan Stores, Inc |
3,934 | ||||||
| 2,554 |
e | Supervalu, Inc |
13,230 | |||||
| 91 |
* | Susser Holdings Corp |
3,382 | |||||
| 7,439 |
Sysco Corp |
221,757 | ||||||
| 668 |
* | United Natural Foods, Inc |
36,646 | |||||
| 77 |
Village Super Market (Class A) |
2,509 | ||||||
| 10,956 |
Walgreen Co |
324,078 | ||||||
| 21,461 |
Wal-Mart Stores, Inc |
1,496,261 | ||||||
| 133 |
Weis Markets, Inc |
5,921 | ||||||
| 2,212 |
Whole Foods Market, Inc |
210,848 | ||||||
|
|
|
|||||||
| TOTAL FOOD & STAPLES RETAILING |
3,947,880 | |||||||
|
|
|
|||||||
| FOOD, BEVERAGE & TOBACCO - 5.6% |
||||||||
| 100 |
Alico, Inc |
3,054 | ||||||
| 1,062 |
*,e | Alliance One International, Inc |
3,675 | |||||
| 25,840 |
Altria Group, Inc |
892,772 | ||||||
| 62 |
* | Annie’s, Inc |
2,595 | |||||
| 8,364 |
Archer Daniels Midland Co |
246,905 | ||||||
| 571 |
B&G Foods, Inc (Class A) |
15,189 | ||||||
| 1,997 |
Beam, Inc |
124,792 | ||||||
| 100 |
*,e | Boston Beer Co, Inc (Class A) |
12,100 | |||||
| 1,312 |
Brown-Forman Corp (Class B) |
127,067 | ||||||
| 1,858 |
Bunge Ltd |
116,571 | ||||||
| 125 |
e | Calavo Growers, Inc |
3,198 | |||||
| 200 |
Cal-Maine Foods, Inc |
7,820 | ||||||
| 2,360 |
Campbell Soup Co |
78,777 | ||||||
| 841 |
*,e | Central European Distribution Corp |
2,405 | |||||
| 536 |
*,e | Chiquita Brands International, Inc |
2,680 | |||||
| 77 |
Coca-Cola Bottling Co Consolidated |
4,950 | ||||||
| 24,665 |
Coca-Cola Co |
1,928,556 | ||||||
| 3,894 |
Coca-Cola Enterprises, Inc |
109,188 | ||||||
| 5,228 |
ConAgra Foods, Inc |
135,562 | ||||||
| 2,127 |
* | Constellation Brands, Inc (Class A) |
57,557 | |||||
| 1,454 |
* | Darling International, Inc |
23,976 | |||||
| 7,390 |
* | DE Master Blenders 1753 NV |
83,327 | |||||
| 2,340 |
* | Dean Foods Co |
39,850 | |||||
| 262 |
e | Diamond Foods, Inc |
4,674 | |||||
43
TIAA-CREF LIFE FUNDS - Stock Index Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 433 |
*,e | Dole Food Co, Inc |
$ | 3,802 | ||||
| 2,800 |
Dr Pepper Snapple Group, Inc |
122,500 | ||||||
| 200 |
* | Farmer Bros Co |
1,592 | |||||
| 1,420 |
Flowers Foods, Inc |
32,987 | ||||||
| 476 |
Fresh Del Monte Produce, Inc |
11,172 | ||||||
| 8,222 |
General Mills, Inc |
316,876 | ||||||
| 1,751 |
*,e | Green Mountain Coffee Roasters, Inc |
38,137 | |||||
| 38 |
Griffin Land & Nurseries, Inc (Class A) |
1,064 | ||||||
| 4,098 |
H.J. Heinz Co |
222,849 | ||||||
| 490 |
* | Hain Celestial Group, Inc |
26,970 | |||||
| 1,934 |
Hershey Co |
139,306 | ||||||
| 1,478 |
* | Hillshire Brands Co |
42,847 | |||||
| 1,898 |
Hormel Foods Corp |
57,737 | ||||||
| 949 |
Ingredion, Inc |
46,994 | ||||||
| 170 |
* | Inventure Foods, Inc |
1,071 | |||||
| 192 |
J&J Snack Foods Corp |
11,347 | ||||||
| 1,442 |
J.M. Smucker Co |
108,900 | ||||||
| 100 |
* | John B. Sanfilippo & Son, Inc |
1,785 | |||||
| 3,183 |
Kellogg Co |
157,017 | ||||||
| 22,126 |
Kraft Foods, Inc (Class A) |
854,506 | ||||||
| 260 |
Lancaster Colony Corp |
18,515 | ||||||
| 591 |
Lance, Inc |
14,911 | ||||||
| 101 |
e | Limoneira Co |
1,638 | |||||
| 1,657 |
Lorillard, Inc |
218,641 | ||||||
| 1,734 |
McCormick & Co, Inc |
105,167 | ||||||
| 2,588 |
Mead Johnson Nutrition Co |
208,360 | ||||||
| 1,628 |
Molson Coors Brewing Co (Class B) |
67,741 | ||||||
| 1,789 |
* | Monster Beverage Corp |
127,377 | |||||
| 129 |
National Beverage Corp |
1,927 | ||||||
| 245 |
* | Omega Protein Corp |
1,803 | |||||
| 19,860 |
PepsiCo, Inc |
1,403,308 | ||||||
| 21,659 |
Philip Morris International, Inc |
1,889,964 | ||||||
| 707 |
*,e | Pilgrim’s Pride Corp |
5,055 | |||||
| 375 |
* | Post Holdings, Inc |
11,531 | |||||
| 751 |
* | Ralcorp Holdings, Inc |
50,122 | |||||
| 4,216 |
Reynolds American, Inc |
189,172 | ||||||
| 272 |
Sanderson Farms, Inc |
12,463 | ||||||
| 77 |
* | Seneca Foods Corp |
2,071 | |||||
| 718 |
* | Smart Balance, Inc |
6,742 | |||||
| 2,062 |
* | Smithfield Foods, Inc |
44,601 | |||||
| 1,834 |
*,e | Star Scientific, Inc |
8,363 | |||||
| 215 |
*,e | Synutra International, Inc |
1,161 | |||||
| 401 |
e | Tootsie Roll Industries, Inc |
9,568 | |||||
| 511 |
* | TreeHouse Foods, Inc |
31,830 | |||||
| 3,645 |
Tyson Foods, Inc (Class A) |
68,635 | ||||||
| 302 |
Universal Corp |
13,992 | ||||||
| 797 |
e | Vector Group Ltd |
13,565 | |||||
| 150 |
* | Westway Group, Inc |
899 | |||||
|
|
|
|||||||
| TOTAL FOOD, BEVERAGE & TOBACCO |
10,755,821 | |||||||
|
|
|
|||||||
| HEALTH CARE EQUIPMENT & SERVICES - 4.3% |
||||||||
| 247 |
* | Abaxis, Inc |
9,139 | |||||
| 400 |
*,e | Abiomed, Inc |
9,128 | |||||
| 290 |
* | Acadia Healthcare Co, Inc |
5,087 | |||||
| 716 |
*,e | Accretive Health, Inc |
7,847 | |||||
| 682 |
* | Accuray, Inc |
4,665 | |||||
| 4,448 |
Aetna, Inc |
172,449 | ||||||
| 163 |
* | Air Methods Corp |
16,015 | |||||
| 910 |
* | Align Technology, Inc |
30,449 | |||||
| 2,366 |
* | Allscripts Healthcare Solutions, Inc |
25,860 | |||||
| 72 |
* | Almost Family, Inc |
1,608 | |||||
| 620 |
* | Alphatec Holdings, Inc |
1,141 | |||||
| 341 |
*,e | Amedisys, Inc |
4,245 | |||||
| 584 |
* | Amerigroup Corp |
38,491 | |||||
| 3,356 |
AmerisourceBergen Corp |
132,059 | ||||||
44
TIAA-CREF LIFE FUNDS - Stock Index Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 357 |
* | AMN Healthcare Services, Inc |
$ | 2,117 | ||||
| 451 |
* | Amsurg Corp |
13,521 | |||||
| 150 |
Analogic Corp |
9,300 | ||||||
| 275 |
* | Angiodynamics, Inc |
3,303 | |||||
| 148 |
* | Anika Therapeutics, Inc |
2,011 | |||||
| 844 |
*,e | Antares Pharma, Inc |
3,072 | |||||
| 325 |
* | Arthrocare Corp |
9,516 | |||||
| 264 |
Assisted Living Concepts, Inc (A Shares) |
3,754 | ||||||
| 454 |
*,e | athenahealth, Inc |
35,943 | |||||
| 170 |
* | AtriCure, Inc |
1,634 | |||||
| 18 |
Atrion Corp |
3,690 | ||||||
| 1,100 |
Bard (C.R.), Inc |
118,184 | ||||||
| 7,088 |
Baxter International, Inc |
376,727 | ||||||
| 2,587 |
Becton Dickinson & Co |
193,378 | ||||||
| 1 |
* | Biolase Technology, Inc |
2 | |||||
| 412 |
*,e | Bio-Reference Labs, Inc |
10,827 | |||||
| 496 |
* | BioScrip, Inc |
3,685 | |||||
| 18,203 |
* | Boston Scientific Corp |
103,211 | |||||
| 1,200 |
* | Brookdale Senior Living, Inc |
21,288 | |||||
| 219 |
Cantel Medical Corp |
5,968 | ||||||
| 236 |
* | Capital Senior Living Corp |
2,502 | |||||
| 4,480 |
Cardinal Health, Inc |
188,160 | ||||||
| 160 |
*,e | Cardiovascular Systems, Inc |
1,566 | |||||
| 2,778 |
* | CareFusion Corp |
71,339 | |||||
| 560 |
* | Catalyst Health Solutions, Inc |
52,326 | |||||
| 593 |
* | Centene Corp |
17,885 | |||||
| 1,840 |
* | Cerner Corp |
152,094 | |||||
| 449 |
*,e | Cerus Corp |
1,491 | |||||
| 281 |
e | Chemed Corp |
16,984 | |||||
| 128 |
* | Chindex International, Inc |
1,254 | |||||
| 3,627 |
Cigna Corp |
159,588 | ||||||
| 1,183 |
* | Community Health Systems, Inc |
33,160 | |||||
| 185 |
Computer Programs & Systems, Inc |
10,586 | ||||||
| 342 |
*,e | Conceptus, Inc |
6,778 | |||||
| 450 |
Conmed Corp |
12,451 | ||||||
| 602 |
Cooper Cos, Inc |
48,016 | ||||||
| 90 |
* | Corvel Corp |
4,410 | |||||
| 1,774 |
Coventry Health Care, Inc |
56,395 | ||||||
| 6,124 |
Covidien plc |
327,634 | ||||||
| 296 |
* | Cross Country Healthcare, Inc |
1,294 | |||||
| 253 |
* | CryoLife, Inc |
1,323 | |||||
| 327 |
* | Cyberonics, Inc |
14,695 | |||||
| 85 |
* | Cynosure, Inc (Class A) |
1,798 | |||||
| 1,187 |
* | DaVita, Inc |
116,575 | |||||
| 1,806 |
Dentsply International, Inc |
68,285 | ||||||
| 120 |
* | Derma Sciences, Inc |
1,142 | |||||
| 874 |
* | DexCom, Inc |
11,327 | |||||
| 1,486 |
* | Edwards Lifesciences Corp |
153,504 | |||||
| 280 |
* | Emeritus Corp |
4,712 | |||||
| 697 |
* | Endologix, Inc |
10,762 | |||||
| 270 |
Ensign Group, Inc |
7,633 | ||||||
| 320 |
*,e | EnteroMedics, Inc |
1,104 | |||||
| 228 |
* | ePocrates, Inc |
1,829 | |||||
| 78 |
* | Exactech, Inc |
1,308 | |||||
| 338 |
* | EXamWorks, Inc |
4,472 | |||||
| 10,227 |
* | Express Scripts Holding Co |
570,973 | |||||
| 374 |
* | Five Star Quality Care, Inc |
1,148 | |||||
| 627 |
* | Gen-Probe, Inc |
51,539 | |||||
| 456 |
* | Gentiva Health Services, Inc |
3,160 | |||||
| 269 |
* | Greatbatch, Inc |
6,109 | |||||
| 360 |
* | Haemonetics Corp |
26,680 | |||||
| 414 |
* | Hanger Orthopedic Group, Inc |
10,615 | |||||
| 191 |
*,e | Hansen Medical, Inc |
434 | |||||
| 1,845 |
HCA Holdings, Inc |
56,143 | ||||||
| 3,008 |
* | Health Management Associates, Inc (Class A) |
23,613 | |||||
45
TIAA-CREF LIFE FUNDS - Stock Index Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 1,131 |
* | Health Net, Inc |
$ | 27,449 | ||||
| 1,191 |
* | Healthsouth Corp |
27,703 | |||||
| 190 |
* | HealthStream, Inc |
4,940 | |||||
| 402 |
* | Healthways, Inc |
3,208 | |||||
| 180 |
*,e | HeartWare International, Inc |
15,984 | |||||
| 1,218 |
* | Henry Schein, Inc |
95,601 | |||||
| 759 |
Hill-Rom Holdings, Inc |
23,415 | ||||||
| 1,092 |
* | HMS Holdings Corp |
36,375 | |||||
| 3,358 |
* | Hologic, Inc |
60,578 | |||||
| 2,092 |
Humana, Inc |
162,004 | ||||||
| 154 |
* | ICU Medical, Inc |
8,221 | |||||
| 720 |
* | Idexx Laboratories, Inc |
69,214 | |||||
| 573 |
* | Insulet Corp |
12,245 | |||||
| 289 |
* | Integra LifeSciences Holdings Corp |
10,745 | |||||
| 110 |
* | Integramed America, Inc |
1,524 | |||||
| 507 |
* | Intuitive Surgical, Inc |
280,772 | |||||
| 316 |
Invacare Corp |
4,876 | ||||||
| 1,041 |
* | Inverness Medical Innovations, Inc |
20,237 | |||||
| 220 |
* | IPC The Hospitalist Co, Inc |
9,970 | |||||
| 205 |
* | IRIS International, Inc |
2,316 | |||||
| 613 |
* | Kindred Healthcare, Inc |
6,026 | |||||
| 1,245 |
* | Laboratory Corp of America Holdings |
115,299 | |||||
| 174 |
Landauer, Inc |
9,975 | ||||||
| 267 |
* | LHC Group, Inc |
4,528 | |||||
| 654 |
* | LifePoint Hospitals, Inc |
26,801 | |||||
| 1,096 |
e | Lincare Holdings, Inc |
37,286 | |||||
| 405 |
* | Magellan Health Services, Inc |
18,359 | |||||
| 397 |
*,e | MAKO Surgical Corp |
10,167 | |||||
| 611 |
Masimo Corp |
13,674 | ||||||
| 3,008 |
McKesson Corp |
282,000 | ||||||
| 746 |
* | MedAssets, Inc |
10,034 | |||||
| 231 |
* | Medidata Solutions, Inc |
7,547 | |||||
| 50 |
* | Mediware Information Systems |
730 | |||||
| 13,313 |
Medtronic, Inc |
515,612 | ||||||
| 1,254 |
*,e | Merge Healthcare, Inc |
3,586 | |||||
| 489 |
e | Meridian Bioscience, Inc |
10,005 | |||||
| 538 |
* | Merit Medical Systems, Inc |
7,430 | |||||
| 493 |
* | Metropolitan Health Networks, Inc |
4,718 | |||||
| 390 |
* | MModal, Inc |
5,062 | |||||
| 349 |
* | Molina Healthcare, Inc |
8,188 | |||||
| 161 |
* | MWI Veterinary Supply, Inc |
16,546 | |||||
| 100 |
e | National Healthcare Corp |
4,523 | |||||
| 316 |
* | Natus Medical, Inc |
3,672 | |||||
| 301 |
* | Neogen Corp |
13,906 | |||||
| 1,084 |
*,e | Neoprobe Corp |
4,032 | |||||
| 472 |
* | NuVasive, Inc |
11,970 | |||||
| 742 |
* | NxStage Medical, Inc |
12,436 | |||||
| 1,451 |
Omnicare, Inc |
45,315 | ||||||
| 387 |
* | Omnicell, Inc |
5,666 | |||||
| 609 |
* | OraSure Technologies, Inc |
6,845 | |||||
| 239 |
* | Orthofix International NV |
9,859 | |||||
| 754 |
Owens & Minor, Inc |
23,095 | ||||||
| 200 |
* | Palomar Medical Technologies, Inc |
1,700 | |||||
| 1,289 |
Patterson Cos, Inc |
44,432 | ||||||
| 130 |
* | PDI, Inc |
1,071 | |||||
| 598 |
* | Pediatrix Medical Group, Inc |
40,987 | |||||
| 373 |
* | PharMerica Corp |
4,073 | |||||
| 164 |
* | PhotoMedex, Inc |
1,993 | |||||
| 97 |
* | Providence Service Corp |
1,330 | |||||
| 731 |
* | PSS World Medical, Inc |
15,344 | |||||
| 452 |
Quality Systems, Inc |
12,434 | ||||||
| 1,981 |
Quest Diagnostics, Inc |
118,662 | ||||||
| 333 |
*,e | Quidel Corp |
5,221 | |||||
| 1,903 |
* | Resmed, Inc |
59,374 | |||||
| 130 |
* | Rochester Medical Corp |
1,399 | |||||
46
TIAA-CREF LIFE FUNDS - Stock Index Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 198 |
*,e | Rockwell Medical Technologies, Inc |
$ | 1,843 | ||||
| 611 |
* | RTI Biologics, Inc |
2,297 | |||||
| 599 |
* | Select Medical Holdings Corp |
6,056 | |||||
| 694 |
* | Sirona Dental Systems, Inc |
31,237 | |||||
| 246 |
* | Skilled Healthcare Group, Inc (Class A) |
1,545 | |||||
| 685 |
* | Solta Medical, Inc |
2,007 | |||||
| 330 |
* | Spectranetics Corp |
3,769 | |||||
| 4,018 |
St. Jude Medical, Inc |
160,358 | ||||||
| 407 |
* | Staar Surgical Co |
3,162 | |||||
| 745 |
STERIS Corp |
23,371 | ||||||
| 4,025 |
Stryker Corp |
221,777 | ||||||
| 199 |
* | Sun Healthcare Group, Inc |
1,666 | |||||
| 1,257 |
* | Sunrise Senior Living, Inc |
9,164 | |||||
| 147 |
* | SurModics, Inc |
2,543 | |||||
| 875 |
* | SXC Health Solutions Corp |
86,809 | |||||
| 376 |
* | Symmetry Medical, Inc |
3,226 | |||||
| 332 |
* | Team Health Holdings, Inc |
7,998 | |||||
| 519 |
Teleflex, Inc |
31,612 | ||||||
| 5,447 |
* | Tenet Healthcare Corp |
28,542 | |||||
| 748 |
* | Thoratec Corp |
25,118 | |||||
| 128 |
* | Tornier BV |
2,870 | |||||
| 246 |
* | Triple-S Management Corp (Class B) |
4,497 | |||||
| 584 |
*,e | Unilife Corp |
1,974 | |||||
| 13,174 |
UnitedHealth Group, Inc |
770,679 | ||||||
| 417 |
Universal American Corp |
4,391 | ||||||
| 1,112 |
Universal Health Services, Inc (Class B) |
47,994 | ||||||
| 133 |
US Physical Therapy, Inc |
3,382 | ||||||
| 40 |
Utah Medical Products, Inc |
1,341 | ||||||
| 376 |
* | Vanguard Health Systems, Inc |
3,343 | |||||
| 1,463 |
* | Varian Medical Systems, Inc |
88,906 | |||||
| 200 |
* | Vascular Solutions, Inc |
2,512 | |||||
| 1,033 |
* | VCA Antech, Inc |
22,705 | |||||
| 84 |
* | Vocera Communications, Inc |
2,250 | |||||
| 677 |
* | Volcano Corp |
19,396 | |||||
| 530 |
* | WellCare Health Plans, Inc |
28,090 | |||||
| 4,202 |
WellPoint, Inc |
268,046 | ||||||
| 397 |
West Pharmaceutical Services, Inc |
20,045 | ||||||
| 456 |
* | Wright Medical Group, Inc |
9,736 | |||||
| 68 |
Young Innovations, Inc |
2,345 | ||||||
| 2,255 |
Zimmer Holdings, Inc |
145,132 | ||||||
|
|
|
|||||||
| TOTAL HEALTH CARE EQUIPMENT & SERVICES |
8,240,133 | |||||||
|
|
|
|||||||
| HOUSEHOLD & PERSONAL PRODUCTS - 2.0% |
||||||||
| 5,392 |
Avon Products, Inc |
87,404 | ||||||
| 798 |
* | Central Garden and Pet Co (Class A) |
8,690 | |||||
| 1,786 |
Church & Dwight Co, Inc |
99,069 | ||||||
| 1,657 |
Clorox Co |
120,066 | ||||||
| 6,059 |
Colgate-Palmolive Co |
630,742 | ||||||
| 350 |
* | Elizabeth Arden, Inc |
13,584 | |||||
| 830 |
* | Energizer Holdings, Inc |
62,458 | |||||
| 2,834 |
Estee Lauder Cos (Class A) |
153,376 | ||||||
| 204 |
e | Female Health Co |
1,197 | |||||
| 532 |
* | Harbinger Group, Inc |
4,144 | |||||
| 1,488 |
Herbalife Ltd |
71,915 | ||||||
| 140 |
Inter Parfums, Inc |
2,418 | ||||||
| 4,980 |
Kimberly-Clark Corp |
417,175 | ||||||
| 152 |
*,e | Medifast, Inc |
2,991 | |||||
| 140 |
Nature’s Sunshine Products, Inc |
2,114 | ||||||
| 679 |
Nu Skin Enterprises, Inc (Class A) |
31,845 | ||||||
| 127 |
* | Nutraceutical International Corp |
1,937 | |||||
| 63 |
Oil-Dri Corp of America |
1,380 | ||||||
| 70 |
Orchids Paper Products Co |
1,238 | ||||||
| 621 |
* | Prestige Brands Holdings, Inc |
9,818 | |||||
| 34,796 |
Procter & Gamble Co |
2,131,255 | ||||||
| 238 |
* | Revlon, Inc (Class A) |
3,387 | |||||
47
TIAA-CREF LIFE FUNDS - Stock Index Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 170 |
Schiff Nutrition International, Inc |
$ | 3,052 | |||||
| 291 |
* | Spectrum Brands, Inc |
9,478 | |||||
| 92 |
*,e | USANA Health Sciences, Inc |
3,783 | |||||
| 314 |
WD-40 Co |
15,640 | ||||||
|
|
|
|||||||
| TOTAL HOUSEHOLD & PERSONAL PRODUCTS |
3,890,156 | |||||||
|
|
|
|||||||
| INSURANCE - 3.7% |
||||||||
| 4,285 |
ACE Ltd |
317,647 | ||||||
| 5,947 |
Aflac, Inc |
253,283 | ||||||
| 215 |
* | Alleghany Corp |
73,046 | |||||
| 599 |
Allied World Assurance Co Holdings Ltd |
47,603 | ||||||
| 6,227 |
Allstate Corp |
218,505 | ||||||
| 629 |
e | American Equity Investment Life Holding Co |
6,925 | |||||
| 1,084 |
American Financial Group, Inc |
42,525 | ||||||
| 8,021 |
* | American International Group, Inc |
257,394 | |||||
| 85 |
American National Insurance Co |
6,058 | ||||||
| 118 |
* | American Safety Insurance Holdings Ltd |
2,213 | |||||
| 202 |
* | Amerisafe, Inc |
5,242 | |||||
| 294 |
e | Amtrust Financial Services, Inc |
8,735 | |||||
| 4,185 |
Aon plc |
195,774 | ||||||
| 1,780 |
* | Arch Capital Group Ltd |
70,648 | |||||
| 374 |
Argo Group International Holdings Ltd |
10,947 | ||||||
| 1,551 |
Arthur J. Gallagher & Co |
54,394 | ||||||
| 961 |
Aspen Insurance Holdings Ltd |
27,773 | ||||||
| 1,087 |
Assurant, Inc |
37,871 | ||||||
| 2,211 |
Assured Guaranty Ltd |
31,175 | ||||||
| 1,609 |
Axis Capital Holdings Ltd |
52,373 | ||||||
| 125 |
Baldwin & Lyons, Inc (Class B) |
2,905 | ||||||
| 22,243 |
* | Berkshire Hathaway, Inc (Class B) |
1,853,509 | |||||
| 1,536 |
Brown & Brown, Inc |
41,887 | ||||||
| 3,366 |
Chubb Corp |
245,112 | ||||||
| 1,856 |
Cincinnati Financial Corp |
70,658 | ||||||
| 387 |
* | Citizens, Inc (Class A) |
3,773 | |||||
| 303 |
CNA Financial Corp |
8,399 | ||||||
| 2,903 |
Conseco, Inc |
22,643 | ||||||
| 245 |
Crawford & Co (Class B) |
1,002 | ||||||
| 143 |
Donegal Group, Inc (Class A) |
1,899 | ||||||
| 80 |
Eastern Insurance Holdings, Inc |
1,360 | ||||||
| 280 |
* | eHealth, Inc |
4,511 | |||||
| 60 |
EMC Insurance Group, Inc |
1,212 | ||||||
| 620 |
Employers Holdings, Inc |
11,185 | ||||||
| 551 |
Endurance Specialty Holdings Ltd |
21,114 | ||||||
| 108 |
* | Enstar Group Ltd |
10,686 | |||||
| 363 |
Erie Indemnity Co (Class A) |
25,994 | ||||||
| 670 |
Everest Re Group Ltd |
69,338 | ||||||
| 155 |
FBL Financial Group, Inc (Class A) |
4,342 | ||||||
| 2,808 |
Fidelity National Title Group, Inc (Class A) |
54,082 | ||||||
| 1,253 |
First American Financial Corp |
21,251 | ||||||
| 472 |
Flagstone Reinsurance Holdings Ltd |
3,781 | ||||||
| 6,368 |
* | Genworth Financial, Inc (Class A) |
36,043 | |||||
| 327 |
* | Greenlight Capital Re Ltd (Class A) |
8,312 | |||||
| 136 |
* | Hallmark Financial Services |
1,061 | |||||
| 539 |
Hanover Insurance Group, Inc |
21,091 | ||||||
| 5,508 |
Hartford Financial Services Group, Inc |
97,106 | ||||||
| 1,326 |
HCC Insurance Holdings, Inc |
41,636 | ||||||
| 525 |
* | Hilltop Holdings, Inc |
5,413 | |||||
| 90 |
Homeowners Choice, Inc |
1,584 | ||||||
| 467 |
Horace Mann Educators Corp |
8,163 | ||||||
| 205 |
Infinity Property & Casualty Corp |
11,822 | ||||||
| 20 |
Investors Title Co |
1,139 | ||||||
| 77 |
Kansas City Life Insurance Co |
2,710 | ||||||
| 614 |
Kemper Corp |
18,881 | ||||||
| 3,631 |
Lincoln National Corp |
79,410 | ||||||
| 3,940 |
Loews Corp |
161,185 | ||||||
| 553 |
Maiden Holdings Ltd |
4,800 | ||||||
48
TIAA-CREF LIFE FUNDS - Stock Index Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 121 |
* | Markel Corp |
$ | 53,446 | ||||
| 7,012 |
Marsh & McLennan Cos, Inc |
225,997 | ||||||
| 1,052 |
Max Capital Group Ltd |
24,564 | ||||||
| 1,717 |
*,e | MBIA, Inc |
18,561 | |||||
| 694 |
Meadowbrook Insurance Group, Inc |
6,100 | ||||||
| 303 |
Mercury General Corp |
12,626 | ||||||
| 10,795 |
Metlife, Inc |
333,026 | ||||||
| 855 |
Montpelier Re Holdings Ltd |
18,203 | ||||||
| 667 |
* | National Financial Partners Corp |
8,938 | |||||
| 173 |
National Interstate Corp |
4,600 | ||||||
| 27 |
National Western Life Insurance Co (Class A) |
3,832 | ||||||
| 149 |
* | Navigators Group, Inc |
7,457 | |||||
| 3,288 |
Old Republic International Corp |
27,258 | ||||||
| 313 |
OneBeacon Insurance Group Ltd (Class A) |
4,075 | ||||||
| 896 |
PartnerRe Ltd |
67,800 | ||||||
| 1,675 |
* | Phoenix Cos, Inc |
3,099 | |||||
| 543 |
Platinum Underwriters Holdings Ltd |
20,688 | ||||||
| 200 |
Presidential Life Corp |
1,966 | ||||||
| 595 |
Primerica, Inc |
15,904 | ||||||
| 3,879 |
Principal Financial Group |
101,746 | ||||||
| 400 |
ProAssurance Corp |
35,636 | ||||||
| 7,758 |
Progressive Corp |
161,599 | ||||||
| 1,036 |
Protective Life Corp |
30,469 | ||||||
| 5,954 |
Prudential Financial, Inc |
288,352 | ||||||
| 912 |
Reinsurance Group of America, Inc (Class A) |
48,528 | ||||||
| 697 |
RenaissanceRe Holdings Ltd |
52,979 | ||||||
| 268 |
RLI Corp |
18,278 | ||||||
| 200 |
Safety Insurance Group, Inc |
8,128 | ||||||
| 257 |
SeaBright Insurance Holdings, Inc |
2,285 | ||||||
| 656 |
Selective Insurance Group, Inc |
11,421 | ||||||
| 628 |
Stancorp Financial Group, Inc |
23,336 | ||||||
| 200 |
State Auto Financial Corp |
2,810 | ||||||
| 200 |
Stewart Information Services Corp |
3,070 | ||||||
| 839 |
Symetra Financial Corp |
10,588 | ||||||
| 1,405 |
Torchmark Corp |
71,023 | ||||||
| 503 |
Tower Group, Inc |
10,498 | ||||||
| 4,941 |
Travelers Cos, Inc |
315,433 | ||||||
| 257 |
* | United America Indemnity Ltd |
5,204 | |||||
| 234 |
United Fire & Casualty Co |
4,991 | ||||||
| 3,630 |
UnumProvident Corp |
69,442 | ||||||
| 1,261 |
Validus Holdings Ltd |
40,390 | ||||||
| 1,419 |
W.R. Berkley Corp |
55,227 | ||||||
| 78 |
White Mountains Insurance Group Ltd |
40,696 | ||||||
| 3,842 |
XL Capital Ltd |
80,836 | ||||||
|
|
|
|||||||
| TOTAL INSURANCE |
7,052,235 | |||||||
|
|
|
|||||||
| MATERIALS - 3.9% |
||||||||
| 412 |
A. Schulman, Inc |
8,178 | ||||||
| 112 |
* | ADA-ES, Inc |
2,841 | |||||
| 78 |
* | AEP Industries, Inc |
3,397 | |||||
| 2,707 |
Air Products & Chemicals, Inc |
218,536 | ||||||
| 942 |
Airgas, Inc |
79,137 | ||||||
| 1,349 |
e | AK Steel Holding Corp |
7,919 | |||||
| 1,140 |
Albemarle Corp |
67,990 | ||||||
| 13,512 |
Alcoa, Inc |
118,230 | ||||||
| 1,325 |
Allegheny Technologies, Inc |
42,254 | ||||||
| 1,107 |
* | Allied Nevada Gold Corp |
31,417 | |||||
| 292 |
AMCOL International Corp |
8,267 | ||||||
| 350 |
American Vanguard Corp |
9,307 | ||||||
| 816 |
Aptargroup, Inc |
41,657 | ||||||
| 254 |
*,e | Arabian American Development Co |
2,461 | |||||
| 983 |
Ashland, Inc |
68,132 | ||||||
| 331 |
Balchem Corp |
10,794 | ||||||
| 2,093 |
Ball Corp |
85,918 | ||||||
| 1,312 |
Bemis Co, Inc |
41,118 | ||||||
49
TIAA-CREF LIFE FUNDS - Stock Index Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 1,302 |
Boise, Inc |
$ | 8,567 | |||||
| 300 |
Brush Engineered Materials, Inc |
6,909 | ||||||
| 520 |
Buckeye Technologies, Inc |
14,815 | ||||||
| 793 |
Cabot Corp |
32,275 | ||||||
| 730 |
* | Calgon Carbon Corp |
10,381 | |||||
| 574 |
Carpenter Technology Corp |
27,460 | ||||||
| 200 |
*,e | Castle (A.M.) & Co |
2,124 | |||||
| 2,031 |
Celanese Corp (Series A) |
70,313 | ||||||
| 742 |
* | Century Aluminum Co |
5,439 | |||||
| 830 |
CF Industries Holdings, Inc |
160,804 | ||||||
| 1,194 |
* | Chemtura |
17,313 | |||||
| 316 |
* | Clearwater Paper Corp |
10,782 | |||||
| 1,810 |
Cleveland-Cliffs, Inc |
89,215 | ||||||
| 1,061 |
* | Coeur d’Alene Mines Corp |
18,631 | |||||
| 1,329 |
Commercial Metals Co |
16,799 | ||||||
| 404 |
Compass Minerals International, Inc |
30,817 | ||||||
| 2,027 |
* | Crown Holdings, Inc |
69,911 | |||||
| 584 |
Cytec Industries, Inc |
34,246 | ||||||
| 127 |
Deltic Timber Corp |
7,744 | ||||||
| 458 |
Domtar Corp |
35,133 | ||||||
| 14,987 |
Dow Chemical Co |
472,091 | ||||||
| 11,792 |
Du Pont (E.I.) de Nemours & Co |
596,321 | ||||||
| 525 |
Eagle Materials, Inc |
19,604 | ||||||
| 1,736 |
Eastman Chemical Co |
87,442 | ||||||
| 3,445 |
Ecolab, Inc |
236,086 | ||||||
| 1,134 |
* | Ferro Corp |
5,443 | |||||
| 630 |
*,e | Flotek Industries, Inc |
5,884 | |||||
| 1,752 |
FMC Corp |
93,697 | ||||||
| 12,037 |
Freeport-McMoRan Copper & Gold, Inc (Class B) |
410,101 | ||||||
| 235 |
FutureFuel Corp |
2,470 | ||||||
| 1,260 |
*,e | General Moly, Inc |
3,956 | |||||
| 403 |
Georgia Gulf Corp |
10,345 | ||||||
| 553 |
Glatfelter |
9,053 | ||||||
| 743 |
Globe Specialty Metals, Inc |
9,979 | ||||||
| 658 |
* | Gold Reserve, Inc |
2,296 | |||||
| 351 |
e | Gold Resource Corp |
9,123 | |||||
| 922 |
*,e | Golden Minerals Co |
4,158 | |||||
| 3,083 |
*,e | Golden Star Resources Ltd |
3,576 | |||||
| 2,111 |
* | Graphic Packaging Holding Co |
11,610 | |||||
| 475 |
Greif, Inc (Class A) |
19,475 | ||||||
| 605 |
H.B. Fuller Co |
18,574 | ||||||
| 107 |
Hawkins, Inc |
4,085 | ||||||
| 128 |
Haynes International, Inc |
6,520 | ||||||
| 3,170 |
* | Headwaters, Inc |
16,325 | |||||
| 3,881 |
e | Hecla Mining Co |
18,435 | |||||
| 716 |
* | Horsehead Holding Corp |
7,131 | |||||
| 2,580 |
Huntsman Corp |
33,385 | ||||||
| 278 |
Innophos Holdings, Inc |
15,696 | ||||||
| 293 |
* | Innospec, Inc |
8,676 | |||||
| 1,000 |
International Flavors & Fragrances, Inc |
54,800 | ||||||
| 5,517 |
International Paper Co |
159,496 | ||||||
| 650 |
* | Intrepid Potash, Inc |
14,794 | |||||
| 245 |
Kaiser Aluminum Corp |
12,701 | ||||||
| 460 |
* | Kapstone Paper and Packaging Corp |
7,291 | |||||
| 75 |
KMG Chemicals, Inc |
1,446 | ||||||
| 239 |
Koppers Holdings, Inc |
8,126 | ||||||
| 396 |
* | Kraton Polymers LLC |
8,676 | |||||
| 274 |
e | Kronos Worldwide, Inc |
4,326 | |||||
| 230 |
* | Landec Corp |
1,969 | |||||
| 1,743 |
* | Louisiana-Pacific Corp |
18,964 | |||||
| 229 |
* | LSB Industries, Inc |
7,078 | |||||
| 4,087 |
LyondellBasell Industries AF S.C.A |
164,583 | ||||||
| 572 |
e | Martin Marietta Materials, Inc |
45,085 | |||||
| 2,503 |
*,e | McEwen Mining, Inc |
7,534 | |||||
| 2,129 |
MeadWestvaco Corp |
61,209 | ||||||
50
TIAA-CREF LIFE FUNDS - Stock Index Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 135 |
* | Metals USA Holdings Corp |
$ | 2,148 | ||||
| 990 |
*,e | Midway Gold Corp |
1,376 | |||||
| 246 |
Minerals Technologies, Inc |
15,690 | ||||||
| 838 |
*,e | Molycorp, Inc |
18,059 | |||||
| 6,773 |
Monsanto Co |
560,669 | ||||||
| 3,764 |
Mosaic Co |
206,117 | ||||||
| 426 |
Myers Industries, Inc |
7,310 | ||||||
| 162 |
Neenah Paper, Inc |
4,324 | ||||||
| 111 |
NewMarket Corp |
24,043 | ||||||
| 6,228 |
Newmont Mining Corp |
302,120 | ||||||
| 419 |
Noranda Aluminium Holding Corp |
3,335 | ||||||
| 3,989 |
Nucor Corp |
151,183 | ||||||
| 943 |
Olin Corp |
19,699 | ||||||
| 89 |
Olympic Steel, Inc |
1,461 | ||||||
| 346 |
* | OM Group, Inc |
6,574 | |||||
| 511 |
* | Omnova Solutions, Inc |
3,853 | |||||
| 2,097 |
* | Owens-Illinois, Inc |
40,199 | |||||
| 1,223 |
Packaging Corp of America |
34,538 | ||||||
| 1,476 |
*,e | Paramount Gold and Silver Corp |
3,542 | |||||
| 1,112 |
PolyOne Corp |
15,212 | ||||||
| 1,934 |
PPG Industries, Inc |
205,236 | ||||||
| 3,793 |
Praxair, Inc |
412,413 | ||||||
| 166 |
Quaker Chemical Corp |
7,671 | ||||||
| 928 |
Reliance Steel & Aluminum Co |
46,864 | ||||||
| 771 |
* | Resolute Forest Products |
8,928 | |||||
| 843 |
Rock-Tenn Co (Class A) |
45,986 | ||||||
| 850 |
Rockwood Holdings, Inc |
37,698 | ||||||
| 776 |
Royal Gold, Inc |
60,838 | ||||||
| 1,667 |
RPM International, Inc |
45,342 | ||||||
| 362 |
* | RTI International Metals, Inc |
8,192 | |||||
| 246 |
Schnitzer Steel Industries, Inc (Class A) |
6,893 | ||||||
| 221 |
Schweitzer-Mauduit International, Inc |
15,059 | ||||||
| 554 |
e | Scotts Miracle-Gro Co (Class A) |
22,780 | |||||
| 2,406 |
Sealed Air Corp |
37,149 | ||||||
| 600 |
Sensient Technologies Corp |
22,038 | ||||||
| 1,103 |
Sherwin-Williams Co |
145,982 | ||||||
| 1,590 |
Sigma-Aldrich Corp |
117,549 | ||||||
| 650 |
Silgan Holdings, Inc |
27,749 | ||||||
| 1,563 |
Solutia, Inc |
43,842 | ||||||
| 1,203 |
Sonoco Products Co |
36,270 | ||||||
| 2,137 |
Southern Copper Corp (NY) |
67,337 | ||||||
| 370 |
* | Spartech Corp |
1,913 | |||||
| 2,782 |
Steel Dynamics, Inc |
32,689 | ||||||
| 100 |
Stepan Co |
9,418 | ||||||
| 1,856 |
* | Stillwater Mining Co |
15,850 | |||||
| 798 |
* | SunCoke Energy, Inc |
11,691 | |||||
| 1,028 |
* | Tahoe Resources, Inc |
14,279 | |||||
| 298 |
e | Texas Industries, Inc |
11,625 | |||||
| 164 |
* | Texas Petrochemicals, Inc |
6,060 | |||||
| 1,028 |
Titanium Metals Corp |
11,627 | ||||||
| 314 |
Tredegar Corp |
4,572 | ||||||
| 70 |
* | UFP Technologies, Inc |
1,183 | |||||
| 30 |
* | United States Lime & Minerals, Inc |
1,400 | |||||
| 1,738 |
e | United States Steel Corp |
35,803 | |||||
| 72 |
* | Universal Stainless & Alloy |
2,959 | |||||
| 691 |
*,e | US Antimony Corp |
2,792 | |||||
| 1,208 |
Valspar Corp |
63,408 | ||||||
| 851 |
*,e | Vista Gold Corp |
2,476 | |||||
| 1,590 |
Vulcan Materials Co |
63,139 | ||||||
| 786 |
Walter Energy, Inc |
34,710 | ||||||
| 784 |
Wausau Paper Corp |
7,628 | ||||||
| 220 |
e | Westlake Chemical Corp |
11,497 | |||||
| 735 |
Worthington Industries, Inc |
15,045 | ||||||
| 949 |
* | WR Grace & Co |
47,877 | |||||
| 260 |
Zep, Inc |
3,570 | ||||||
51
TIAA-CREF LIFE FUNDS - Stock Index Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 350 |
*,e | Zoltek Cos, Inc |
$ | 3,161 | ||||
|
|
|
|||||||
| TOTAL MATERIALS |
7,496,486 | |||||||
|
|
|
|||||||
| MEDIA - 3.3% |
||||||||
| 725 |
* | AMC Networks, Inc |
25,774 | |||||
| 361 |
Arbitron, Inc |
12,635 | ||||||
| 60 |
* | Beasley Broadcasting Group, Inc |
353 | |||||
| 946 |
Belo (A.H.) Corp (Class A) |
6,092 | ||||||
| 2,700 |
Cablevision Systems Corp (Class A) |
35,883 | ||||||
| 223 |
* | Carmike Cinemas, Inc |
3,267 | |||||
| 8,233 |
CBS Corp (Class B) |
269,878 | ||||||
| 463 |
*,e | Central European Media Enterprises Ltd (Class A) Nasdaq |
2,352 | |||||
| 618 |
* | Charter Communications, Inc |
43,798 | |||||
| 1,460 |
Cinemark Holdings, Inc |
33,361 | ||||||
| 400 |
Clear Channel Outdoor Holdings, Inc (Class A) |
2,408 | ||||||
| 34,103 |
Comcast Corp (Class A) |
1,090,273 | ||||||
| 200 |
*,e | Crown Media Holdings, Inc (Class A) |
350 | |||||
| 693 |
* | Cumulus Media, Inc (Class A) |
2,086 | |||||
| 10 |
* | Daily Journal Corp |
858 | |||||
| 300 |
*,e | Digital Generation, Inc |
3,711 | |||||
| 8,316 |
* | DIRECTV |
405,987 | |||||
| 3,238 |
* | Discovery Communications, Inc (Class A) |
174,852 | |||||
| 2,532 |
DISH Network Corp (Class A) |
72,289 | ||||||
| 943 |
*,e | DreamWorks Animation SKG, Inc (Class A) |
17,974 | |||||
| 285 |
*,e | Entercom Communications Corp (Class A) |
1,716 | |||||
| 599 |
Entravision Communications Corp (Class A) |
725 | ||||||
| 354 |
* | EW Scripps Co (Class A) |
3,402 | |||||
| 52 |
* | Fisher Communications, Inc |
1,555 | |||||
| 2,876 |
Gannett Co, Inc |
42,363 | ||||||
| 137 |
* | Global Sources Ltd |
904 | |||||
| 700 |
Harte-Hanks, Inc |
6,398 | ||||||
| 5,693 |
Interpublic Group of Cos, Inc |
61,769 | ||||||
| 596 |
John Wiley & Sons, Inc (Class A) |
29,198 | ||||||
| 474 |
* | Journal Communications, Inc (Class A) |
2,446 | |||||
| 284 |
* | Knology, Inc |
5,586 | |||||
| 980 |
*,e | Lamar Advertising Co (Class A) |
28,028 | |||||
| 3,377 |
* | Liberty Global, Inc (Class A) |
167,601 | |||||
| 1,378 |
* | Liberty Interactive LLC |
121,140 | |||||
| 341 |
* | Lin TV Corp (Class A) |
1,030 | |||||
| 1,082 |
*,e | Lions Gate Entertainment Corp |
15,949 | |||||
| 1,699 |
* | Live Nation, Inc |
15,597 | |||||
| 715 |
* | Madison Square Garden, Inc |
26,770 | |||||
| 239 |
e | Martha Stewart Living Omnimedia, Inc (Class A) |
813 | |||||
| 732 |
*,e | McClatchy Co (Class A) |
1,610 | |||||
| 3,553 |
McGraw-Hill Cos, Inc |
159,885 | ||||||
| 317 |
e | MDC Partners, Inc |
3,595 | |||||
| 426 |
e | Meredith Corp |
13,606 | |||||
| 303 |
Morningstar, Inc |
17,526 | ||||||
| 760 |
National CineMedia, Inc |
11,529 | ||||||
| 1,565 |
* | New York Times Co (Class A) |
12,207 | |||||
| 26,603 |
News Corp (Class A) |
592,981 | ||||||
| 760 |
* | Nexstar Broadcasting Group, Inc (Class A) |
5,122 | |||||
| 3,494 |
Omnicom Group, Inc |
169,808 | ||||||
| 183 |
Outdoor Channel Holdings, Inc |
1,338 | ||||||
| 1,297 |
*,e | Pandora Media, Inc |
14,098 | |||||
| 120 |
* | ReachLocal, Inc |
1,320 | |||||
| 210 |
* | Reading International, Inc |
1,136 | |||||
| 1,035 |
e | Regal Entertainment Group (Class A) |
14,242 | |||||
| 114 |
* | Rentrak Corp |
2,354 | |||||
| 40 |
* | Saga Communications, Inc |
1,484 | |||||
| 130 |
Salem Communications |
711 | ||||||
| 365 |
Scholastic Corp |
10,278 | ||||||
| 1,131 |
Scripps Networks Interactive (Class A) |
64,309 | ||||||
| 540 |
Sinclair Broadcast Group, Inc (Class A) |
4,892 | ||||||
| 49,878 |
* | Sirius XM Radio, Inc |
92,274 | |||||
52
TIAA-CREF LIFE FUNDS - Stock Index Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 4,730 |
Thomson Corp |
$ | 134,568 | |||||
| 3,969 |
Time Warner Cable, Inc |
325,855 | ||||||
| 12,191 |
Time Warner, Inc |
469,353 | ||||||
| 601 |
*,e | Valassis Communications, Inc |
13,072 | |||||
| 6,726 |
Viacom, Inc (Class B) |
316,257 | ||||||
| 3,576 |
e | Virgin Media, Inc |
87,219 | |||||
| 22,699 |
Walt Disney Co |
1,100,901 | ||||||
| 54 |
e | Washington Post Co (Class B) |
20,186 | |||||
| 251 |
e | World Wrestling Entertainment, Inc (Class A) |
1,963 | |||||
|
|
|
|||||||
| TOTAL MEDIA |
6,402,850 | |||||||
|
|
|
|||||||
| PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 7.6% |
||||||||
| 19,717 |
Abbott Laboratories |
1,271,155 | ||||||
| 488 |
*,e | Achillion Pharmaceuticals, Inc |
3,026 | |||||
| 457 |
* | Acorda Therapeutics, Inc |
10,767 | |||||
| 275 |
* | Aegerion Pharmaceuticals, Inc |
4,081 | |||||
| 676 |
* | Affymax, Inc |
8,707 | |||||
| 766 |
* | Affymetrix, Inc |
3,593 | |||||
| 290 |
* | Agenus, Inc |
1,520 | |||||
| 4,413 |
Agilent Technologies, Inc |
173,166 | ||||||
| 973 |
* | Akorn, Inc |
15,344 | |||||
| 2,439 |
* | Alexion Pharmaceuticals, Inc |
242,193 | |||||
| 1,556 |
* | Alkermes PLC |
26,405 | |||||
| 3,873 |
Allergan, Inc |
358,524 | ||||||
| 955 |
* | Allos Therapeutics, Inc |
1,709 | |||||
| 434 |
*,e | Alnylam Pharmaceuticals, Inc |
5,065 | |||||
| 252 |
* | AMAG Pharmaceuticals, Inc |
3,881 | |||||
| 9,876 |
Amgen, Inc |
721,343 | ||||||
| 380 |
*,e | Amicus Therapeutics, Inc |
2,090 | |||||
| 250 |
*,e | Ampio Pharmaceuticals, Inc |
1,270 | |||||
| 2,069 |
* | Amylin Pharmaceuticals, Inc |
58,408 | |||||
| 2,512 |
*,e | Arena Pharmaceuticals, Inc |
25,070 | |||||
| 2,013 |
* | Ariad Pharmaceuticals, Inc |
34,644 | |||||
| 744 |
* | Arqule, Inc |
4,412 | |||||
| 600 |
* | Array Biopharma, Inc |
2,082 | |||||
| 703 |
* | Astex Pharmaceuticals |
1,469 | |||||
| 567 |
* | Auxilium Pharmaceuticals, Inc |
15,247 | |||||
| 1,563 |
*,e | AVANIR Pharmaceuticals, Inc |
6,127 | |||||
| 489 |
*,e | AVEO Pharmaceuticals, Inc |
5,946 | |||||
| 572 |
*,e | BioCryst Pharmaceuticals, Inc |
2,277 | |||||
| 270 |
*,e | BioDelivery Sciences International, Inc |
1,210 | |||||
| 3,045 |
* | Biogen Idec, Inc |
439,637 | |||||
| 1,550 |
* | BioMarin Pharmaceuticals, Inc |
61,349 | |||||
| 247 |
* | Bio-Rad Laboratories, Inc (Class A) |
24,703 | |||||
| 45 |
* | Biospecifics Technologies Corp |
845 | |||||
| 252 |
*,e | Biotime, Inc |
1,159 | |||||
| 21,449 |
Bristol-Myers Squibb Co |
771,092 | ||||||
| 1,180 |
* | Bruker BioSciences Corp |
15,706 | |||||
| 480 |
*,e | Cadence Pharmaceuticals, Inc |
1,714 | |||||
| 206 |
* | Cambrex Corp |
1,938 | |||||
| 5,611 |
* | Celgene Corp |
360,002 | |||||
| 758 |
*,e | Celldex Therapeutics, Inc |
3,934 | |||||
| 835 |
* | Cepheid, Inc |
37,366 | |||||
| 716 |
* | Charles River Laboratories International, Inc |
23,456 | |||||
| 250 |
* | Clovis Oncology, Inc |
5,420 | |||||
| 313 |
*,e | Codexis, Inc |
1,171 | |||||
| 492 |
*,e | Corcept Therapeutics, Inc |
2,209 | |||||
| 170 |
* | Coronado Biosciences, Inc |
858 | |||||
| 706 |
* | Covance, Inc |
33,782 | |||||
| 805 |
* | Cubist Pharmaceuticals, Inc |
30,517 | |||||
| 150 |
*,e | Cumberland Pharmaceuticals, Inc |
969 | |||||
| 754 |
*,e | Curis, Inc |
4,072 | |||||
| 335 |
*,e | Cytori Therapeutics, Inc |
904 | |||||
| 2,347 |
*,e | Dendreon Corp |
17,368 | |||||
| 567 |
* | Depomed, Inc |
3,226 | |||||
53
TIAA-CREF LIFE FUNDS - Stock Index Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 550 |
* | Discovery Laboratories, Inc |
$ | 1,276 | ||||
| 300 |
* | Dusa Pharmaceuticals, Inc |
1,566 | |||||
| 1,197 |
* | Dyax Corp |
2,550 | |||||
| 3,618 |
*,e | Dynavax Technologies Corp |
15,630 | |||||
| 13,023 |
Eli Lilly & Co |
558,817 | ||||||
| 220 |
* | Emergent Biosolutions, Inc |
3,333 | |||||
| 1,490 |
* | Endo Pharmaceuticals Holdings, Inc |
46,160 | |||||
| 379 |
*,e | Endocyte, Inc |
3,115 | |||||
| 551 |
*,e | Enzon Pharmaceuticals, Inc |
3,785 | |||||
| 723 |
* | eResearch Technology, Inc |
5,777 | |||||
| 718 |
* | Exact Sciences Corp |
7,697 | |||||
| 2,025 |
*,e | Exelixis, Inc |
11,198 | |||||
| 259 |
* | Fluidigm Corp |
3,895 | |||||
| 3,567 |
* | Forest Laboratories, Inc |
124,809 | |||||
| 104 |
* | Furiex Pharmaceuticals Inc |
2,179 | |||||
| 270 |
* | Genomic Health, Inc |
9,018 | |||||
| 1,585 |
*,e | Geron Corp |
2,726 | |||||
| 9,629 |
* | Gilead Sciences, Inc |
493,775 | |||||
| 1,148 |
*,e | Halozyme Therapeutics, Inc |
10,171 | |||||
| 290 |
* | Harvard Bioscience, Inc |
1,093 | |||||
| 118 |
* | Hi-Tech Pharmacal Co, Inc |
3,823 | |||||
| 2,098 |
* | Hospira, Inc |
73,388 | |||||
| 2,356 |
*,e | Human Genome Sciences, Inc |
30,934 | |||||
| 931 |
*,e | Idenix Pharmaceuticals, Inc |
9,589 | |||||
| 1,556 |
*,e | Illumina, Inc |
62,847 | |||||
| 510 |
* | ImmunoCellular Therapeutics Ltd |
1,912 | |||||
| 977 |
*,e | Immunogen, Inc |
16,394 | |||||
| 1,809 |
*,e | Immunomedics, Inc |
6,458 | |||||
| 854 |
* | Impax Laboratories, Inc |
17,311 | |||||
| 1,220 |
*,e | Incyte Corp |
27,694 | |||||
| 224 |
*,e | Infinity Pharmaceuticals, Inc |
3,037 | |||||
| 825 |
* | InterMune, Inc |
9,859 | |||||
| 956 |
* | Ironwood Pharmaceuticals, Inc |
13,174 | |||||
| 1,170 |
*,e | Isis Pharmaceuticals, Inc |
14,040 | |||||
| 526 |
* | Jazz Pharmaceuticals plc |
23,675 | |||||
| 34,874 |
Johnson & Johnson |
2,356,087 | ||||||
| 618 |
*,e | Keryx Biopharmaceuticals, Inc |
1,112 | |||||
| 2,404 |
* | Lexicon Pharmaceuticals, Inc |
5,409 | |||||
| 2,313 |
* | Life Technologies Corp |
104,062 | |||||
| 230 |
* | Ligand Pharmaceuticals, Inc (Class B) |
3,896 | |||||
| 588 |
* | Luminex Corp |
14,400 | |||||
| 641 |
*,e | MannKind Corp |
1,468 | |||||
| 269 |
*,e | MAP Pharmaceuticals, Inc |
4,030 | |||||
| 317 |
Maxygen, Inc |
1,889 | ||||||
| 897 |
* | Medicines Co |
20,577 | |||||
| 767 |
Medicis Pharmaceutical Corp (Class A) |
26,193 | ||||||
| 459 |
* | Medivation, Inc |
41,953 | |||||
| 90 |
Medtox Scientific, Inc |
2,426 | ||||||
| 38,624 |
Merck & Co, Inc |
1,612,552 | ||||||
| 190 |
*,e | Merrimack Pharmaceuticals, Inc |
1,383 | |||||
| 437 |
* | Mettler-Toledo International, Inc |
68,106 | |||||
| 571 |
* | Momenta Pharmaceuticals, Inc |
7,720 | |||||
| 5,458 |
* | Mylan Laboratories, Inc |
116,637 | |||||
| 1,132 |
* | Myriad Genetics, Inc |
26,908 | |||||
| 1,670 |
*,e | Nektar Therapeutics |
13,477 | |||||
| 851 |
* | Neurocrine Biosciences, Inc |
6,731 | |||||
| 164 |
*,e | NewLink Genetics Corp |
2,457 | |||||
| 765 |
*,e | Novavax, Inc |
1,193 | |||||
| 1,652 |
* | NPS Pharmaceuticals, Inc |
14,224 | |||||
| 203 |
* | Obagi Medical Products, Inc |
3,100 | |||||
| 291 |
* | Omeros Corp |
2,910 | |||||
| 120 |
*,e | OncoGenex Pharmaceutical, Inc |
1,613 | |||||
| 517 |
*,e | Oncothyreon, Inc |
2,419 | |||||
| 797 |
* | Onyx Pharmaceuticals, Inc |
52,961 | |||||
| 2,882 |
*,e | Opko Health, Inc |
13,257 | |||||
54
TIAA-CREF LIFE FUNDS - Stock Index Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 571 |
*,e | Optimer Pharmaceuticals, Inc |
$ | 8,862 | ||||
| 781 |
* | Orexigen Therapeutics, Inc |
4,327 | |||||
| 170 |
*,e | Osiris Therapeutics, Inc |
1,865 | |||||
| 424 |
*,e | Pacific Biosciences of California, Inc |
920 | |||||
| 239 |
* | Pacira Pharmaceuticals, Inc |
3,834 | |||||
| 300 |
Pain Therapeutics, Inc |
1,407 | ||||||
| 424 |
* | Par Pharmaceutical Cos, Inc |
15,323 | |||||
| 762 |
* | Parexel International Corp |
21,511 | |||||
| 1,837 |
PDL BioPharma, Inc |
12,179 | ||||||
| 1,408 |
PerkinElmer, Inc |
36,326 | ||||||
| 1,117 |
Perrigo Co |
131,728 | ||||||
| 95,090 |
Pfizer, Inc |
2,187,070 | ||||||
| 688 |
*,e | Pharmacyclics, Inc |
37,572 | |||||
| 322 |
* | Pozen, Inc |
2,009 | |||||
| 300 |
* | Progenics Pharmaceuticals, Inc |
2,934 | |||||
| 2,905 |
*,e | Qiagen N.V. (NASDAQ) |
48,514 | |||||
| 698 |
*,e | Questcor Pharmaceuticals, Inc |
37,161 | |||||
| 401 |
*,e | Raptor Pharmaceutical Corp |
2,242 | |||||
| 981 |
* | Regeneron Pharmaceuticals, Inc |
112,050 | |||||
| 390 |
* | Repligen Corp |
1,677 | |||||
| 190 |
*,e | Repros Therapeutics, Inc |
1,725 | |||||
| 854 |
* | Rigel Pharmaceuticals, Inc |
7,942 | |||||
| 85 |
*,e | Sagent Pharmaceuticals |
1,537 | |||||
| 722 |
* | Salix Pharmaceuticals Ltd |
39,306 | |||||
| 410 |
*,e | Sangamo Biosciences, Inc |
2,263 | |||||
| 630 |
* | Santarus, Inc |
4,467 | |||||
| 716 |
*,e | Sciclone Pharmaceuticals, Inc |
5,019 | |||||
| 1,200 |
*,e | Seattle Genetics, Inc |
30,468 | |||||
| 1,228 |
*,e | Sequenom, Inc |
4,986 | |||||
| 310 |
*,e | SIGA Technologies, Inc |
890 | |||||
| 823 |
* | Spectrum Pharmaceuticals, Inc |
12,806 | |||||
| 40 |
*,e | Supernus Pharmaceuticals, Inc |
374 | |||||
| 116 |
* | Synageva BioPharma Corp |
4,705 | |||||
| 524 |
* | Synergy Pharmaceuticals, Inc |
2,489 | |||||
| 271 |
*,e | Synta Pharmaceuticals Corp |
1,482 | |||||
| 286 |
* | Targacept, Inc |
1,230 | |||||
| 580 |
Techne Corp |
43,036 | ||||||
| 853 |
* | Theravance, Inc |
18,954 | |||||
| 4,705 |
Thermo Electron Corp |
244,237 | ||||||
| 582 |
* | Threshold Pharmaceuticals, Inc |
4,307 | |||||
| 686 |
* | United Therapeutics Corp |
33,875 | |||||
| 317 |
* | Vanda Pharmaceuticals, Inc |
1,395 | |||||
| 160 |
*,e | Ventrus Biosciences, Inc |
683 | |||||
| 2,681 |
* | Vertex Pharmaceuticals, Inc |
149,921 | |||||
| 423 |
* | Vical, Inc |
1,523 | |||||
| 931 |
* | Viropharma, Inc |
22,065 | |||||
| 1,259 |
*,e | Vivus, Inc |
35,932 | |||||
| 2,109 |
Warner Chilcott plc |
37,793 | ||||||
| 1,161 |
* | Waters Corp |
92,265 | |||||
| 1,573 |
* | Watson Pharmaceuticals, Inc |
116,386 | |||||
| 288 |
*,e | Xenoport, Inc |
1,740 | |||||
| 852 |
*,e | XOMA Corp |
2,556 | |||||
| 599 |
*,e | ZIOPHARM Oncology, Inc |
3,564 | |||||
|
|
|
|||||||
| TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES |
14,609,415 | |||||||
|
|
|
|||||||
| REAL ESTATE - 3.7% |
||||||||
| 483 |
Acadia Realty Trust |
11,196 | ||||||
| 197 |
AG Mortgage Investment Trust |
4,234 | ||||||
| 79 |
Agree Realty Corp |
1,748 | ||||||
| 24 |
Alexander’s, Inc |
10,347 | ||||||
| 789 |
Alexandria Real Estate Equities, Inc |
57,376 | ||||||
| 5,849 |
AMB Property Corp |
194,362 | ||||||
| 393 |
American Assets Trust,Inc |
9,530 | ||||||
| 937 |
American Campus Communities, Inc |
42,146 | ||||||
| 3,568 |
American Capital Agency Corp |
119,920 | ||||||
55
TIAA-CREF LIFE FUNDS - Stock Index Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 459 |
American Capital Mortgage, Inc |
$ | 10,961 | |||||
| 2,014 |
* | American Realty Capital Trust, Inc |
21,993 | |||||
| 5,033 |
American Tower Corp |
351,857 | ||||||
| 12,424 |
Annaly Capital Management, Inc |
208,475 | ||||||
| 1,733 |
Anworth Mortgage Asset Corp |
12,218 | ||||||
| 1,694 |
Apartment Investment & Management Co (Class A) |
45,789 | ||||||
| 131 |
Apollo Commercial Real Estate Finance, Inc |
2,105 | ||||||
| 100 |
Ares Commercial Real Estate Corp |
1,748 | ||||||
| 2,257 |
* | ARMOUR Residential REIT, Inc |
16,047 | |||||
| 1,263 |
Ashford Hospitality Trust, Inc |
10,647 | ||||||
| 672 |
Associated Estates Realty Corp |
10,046 | ||||||
| 110 |
* | AV Homes, Inc |
1,604 | |||||
| 1,169 |
AvalonBay Communities, Inc |
165,390 | ||||||
| 1,962 |
BioMed Realty Trust, Inc |
36,650 | ||||||
| 1,903 |
Boston Properties, Inc |
206,228 | ||||||
| 1,819 |
Brandywine Realty Trust |
22,446 | ||||||
| 940 |
BRE Properties, Inc (Class A) |
47,019 | ||||||
| 1,003 |
Camden Property Trust |
67,873 | ||||||
| 373 |
Campus Crest Communities, Inc |
3,875 | ||||||
| 1,088 |
Capital Lease Funding, Inc |
4,515 | ||||||
| 1,194 |
Capstead Mortgage Corp |
16,609 | ||||||
| 2,043 |
CBL & Associates Properties, Inc |
39,920 | ||||||
| 4,167 |
* | CBRE Group, Inc |
68,172 | |||||
| 1,018 |
Cedar Shopping Centers, Inc |
5,141 | ||||||
| 105 |
Chatham Lodging Trust |
1,499 | ||||||
| 462 |
Chesapeake Lodging Trust |
7,956 | ||||||
| 13,015 |
Chimera Investment Corp |
30,715 | ||||||
| 1,235 |
Colonial Properties Trust |
27,343 | ||||||
| 666 |
Colony Financial, Inc |
11,522 | ||||||
| 59 |
Consolidated-Tomoka Land Co |
1,698 | ||||||
| 238 |
Coresite Realty |
6,145 | ||||||
| 851 |
Corporate Office Properties Trust |
20,007 | ||||||
| 1,084 |
Cousins Properties, Inc |
8,401 | ||||||
| 715 |
CreXus Investment Corp |
7,272 | ||||||
| 1,560 |
CubeSmart |
18,205 | ||||||
| 1,504 |
CYS Investments, Inc |
20,710 | ||||||
| 3,066 |
DCT Industrial Trust, Inc |
19,316 | ||||||
| 2,914 |
DDR Corp |
42,661 | ||||||
| 2,598 |
DiamondRock Hospitality Co |
26,500 | ||||||
| 1,279 |
Digital Realty Trust, Inc |
96,015 | ||||||
| 1,771 |
Douglas Emmett, Inc |
40,910 | ||||||
| 3,378 |
Duke Realty Corp |
49,454 | ||||||
| 734 |
DuPont Fabros Technology, Inc |
20,963 | ||||||
| 1,055 |
Dynex Capital, Inc |
10,951 | ||||||
| 361 |
EastGroup Properties, Inc |
19,241 | ||||||
| 1,317 |
Education Realty Trust, Inc |
14,592 | ||||||
| 580 |
Entertainment Properties Trust |
23,844 | ||||||
| 524 |
Equity Lifestyle Properties, Inc |
36,140 | ||||||
| 693 |
Equity One, Inc |
14,692 | ||||||
| 3,818 |
Equity Residential |
238,090 | ||||||
| 447 |
Essex Property Trust, Inc |
68,802 | ||||||
| 424 |
Excel Trust, Inc |
5,071 | ||||||
| 1,320 |
Extra Space Storage, Inc |
40,392 | ||||||
| 812 |
Federal Realty Investment Trust |
84,521 | ||||||
| 2,088 |
* | FelCor Lodging Trust, Inc |
9,814 | |||||
| 1,135 |
* | First Industrial Realty Trust, Inc |
14,324 | |||||
| 627 |
First Potomac Realty Trust |
7,380 | ||||||
| 1,703 |
* | Forest City Enterprises, Inc (Class A) |
24,864 | |||||
| 498 |
* | Forestar Real Estate Group, Inc |
6,379 | |||||
| 839 |
Franklin Street Properties Corp |
8,877 | ||||||
| 6,700 |
General Growth Properties, Inc |
121,203 | ||||||
| 404 |
Getty Realty Corp |
7,737 | ||||||
| 579 |
Gladstone Commercial Corp |
9,646 | ||||||
| 1,772 |
Glimcher Realty Trust |
18,110 | ||||||
| 625 |
Government Properties Income Trust |
14,137 | ||||||
56
TIAA-CREF LIFE FUNDS - Stock Index Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 580 |
* | Gramercy Capital Corp |
$ | 1,450 | ||||
| 20 |
* | Gyrodyne Co of America, Inc |
2,286 | |||||
| 1,245 |
Hatteras Financial Corp |
35,607 | ||||||
| 5,090 |
HCP, Inc |
224,724 | ||||||
| 2,714 |
Health Care REIT, Inc |
158,226 | ||||||
| 993 |
Healthcare Realty Trust, Inc |
23,673 | ||||||
| 3,082 |
Hersha Hospitality Trust |
16,273 | ||||||
| 939 |
Highwoods Properties, Inc |
31,597 | ||||||
| 606 |
Home Properties, Inc |
37,184 | ||||||
| 1,572 |
Hospitality Properties Trust |
38,938 | ||||||
| 9,134 |
Host Marriott Corp |
144,500 | ||||||
| 348 |
* | Howard Hughes Corp |
21,451 | |||||
| 1,208 |
HRPT Properties Trust |
23,097 | ||||||
| 467 |
Hudson Pacific Properties |
8,130 | ||||||
| 843 |
Inland Real Estate Corp |
7,064 | ||||||
| 1,511 |
Invesco Mortgage Capital, Inc |
27,712 | ||||||
| 895 |
Investors Real Estate Trust |
7,071 | ||||||
| 1,264 |
* | iStar Financial, Inc |
8,153 | |||||
| 533 |
Jones Lang LaSalle, Inc |
37,507 | ||||||
| 449 |
e | Kennedy-Wilson Holdings, Inc |
6,290 | |||||
| 869 |
Kilroy Realty Corp |
42,068 | ||||||
| 5,170 |
Kimco Realty Corp |
98,385 | ||||||
| 715 |
Kite Realty Group Trust |
3,568 | ||||||
| 1,327 |
LaSalle Hotel Properties |
38,669 | ||||||
| 2,104 |
Lexington Corporate Properties Trust |
17,821 | ||||||
| 1,338 |
Liberty Property Trust |
49,292 | ||||||
| 376 |
LTC Properties, Inc |
13,641 | ||||||
| 1,684 |
Macerich Co |
99,440 | ||||||
| 1,118 |
Mack-Cali Realty Corp |
32,500 | ||||||
| 1,859 |
Medical Properties Trust, Inc |
17,884 | ||||||
| 4,747 |
MFA Mortgage Investments, Inc |
37,454 | ||||||
| 521 |
Mid-America Apartment Communities, Inc |
35,553 | ||||||
| 220 |
Mission West Properties, Inc |
1,896 | ||||||
| 516 |
Monmouth Real Estate Investment Corp (Class A) |
6,048 | ||||||
| 478 |
National Health Investors, Inc |
24,340 | ||||||
| 1,356 |
National Retail Properties, Inc |
38,361 | ||||||
| 220 |
New York Mortgage Trust, Inc |
1,553 | ||||||
| 2,419 |
NorthStar Realty Finance Corp |
12,627 | ||||||
| 499 |
NRDC Acquisition Corp |
6,018 | ||||||
| 1,261 |
Omega Healthcare Investors, Inc |
28,373 | ||||||
| 498 |
One Liberty Properties, Inc |
9,377 | ||||||
| 259 |
Parkway Properties, Inc |
2,963 | ||||||
| 650 |
Pebblebrook Hotel Trust |
15,152 | ||||||
| 759 |
Pennsylvania Real Estate Investment Trust |
11,370 | ||||||
| 525 |
Pennymac Mortgage Investment Trust |
10,358 | ||||||
| 2,149 |
Piedmont Office Realty Trust, Inc |
36,984 | ||||||
| 2,049 |
Plum Creek Timber Co, Inc |
81,345 | ||||||
| 688 |
Post Properties, Inc |
33,678 | ||||||
| 481 |
Potlatch Corp |
15,363 | ||||||
| 235 |
PS Business Parks, Inc |
15,914 | ||||||
| 1,793 |
Public Storage, Inc |
258,927 | ||||||
| 1,095 |
RAIT Investment Trust |
5,059 | ||||||
| 459 |
Ramco-Gershenson Properties |
5,770 | ||||||
| 1,593 |
Rayonier, Inc |
71,526 | ||||||
| 1,684 |
Realty Income Corp |
70,341 | ||||||
| 936 |
Redwood Trust, Inc |
11,681 | ||||||
| 1,142 |
Regency Centers Corp |
54,325 | ||||||
| 897 |
Resource Capital Corp |
4,781 | ||||||
| 1,081 |
Retail Properties of America, Inc |
10,507 | ||||||
| 1,353 |
RLJ Lodging Trust |
24,530 | ||||||
| 262 |
* | Rouse Properties, Inc |
3,550 | |||||
| 539 |
Sabra Healthcare REIT, Inc |
9,222 | ||||||
| 133 |
Saul Centers, Inc |
5,702 | ||||||
| 114 |
* | Select Income REIT |
2,709 | |||||
| 2,067 |
Senior Housing Properties Trust |
46,135 | ||||||
57
TIAA-CREF LIFE FUNDS - Stock Index Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 3,728 |
Simon Property Group, Inc |
$ | 580,300 | |||||
| 1,116 |
SL Green Realty Corp |
89,548 | ||||||
| 367 |
Sovran Self Storage, Inc |
18,383 | ||||||
| 810 |
*,e | St. Joe Co |
12,806 | |||||
| 204 |
STAG Industrial, Inc |
2,974 | ||||||
| 1,474 |
Starwood Property Trust, Inc |
31,411 | ||||||
| 3,163 |
* | Strategic Hotels & Resorts, Inc |
20,433 | |||||
| 346 |
Summit Hotel Properties, Inc |
2,896 | ||||||
| 337 |
Sun Communities, Inc |
14,909 | ||||||
| 1,531 |
* | Sunstone Hotel Investors, Inc |
16,826 | |||||
| 1,174 |
Tanger Factory Outlet Centers, Inc |
37,627 | ||||||
| 746 |
Taubman Centers, Inc |
57,561 | ||||||
| 156 |
* | Tejon Ranch Co |
4,465 | |||||
| 108 |
Terreno Realty Corp |
1,632 | ||||||
| 406 |
Thomas Properties Group, Inc |
2,209 | ||||||
| 2,667 |
Two Harbors Investment Corp |
27,630 | ||||||
| 3,138 |
UDR, Inc |
81,086 | ||||||
| 120 |
UMH Properties, Inc |
1,288 | ||||||
| 200 |
Universal Health Realty Income Trust |
8,306 | ||||||
| 213 |
Urstadt Biddle Properties, Inc (Class A) |
4,211 | ||||||
| 3,669 |
Ventas, Inc |
231,587 | ||||||
| 2,341 |
Vornado Realty Trust |
196,597 | ||||||
| 820 |
Washington Real Estate Investment Trust |
23,329 | ||||||
| 1,502 |
Weingarten Realty Investors |
39,563 | ||||||
| 99 |
* | Western Asset Mortgage Capital Corp |
1,930 | |||||
| 6,824 |
Weyerhaeuser Co |
152,585 | ||||||
| 550 |
Whitestone REIT |
7,596 | ||||||
| 242 |
Winthrop Realty Trust |
2,943 | ||||||
|
|
|
|||||||
| TOTAL REAL ESTATE |
7,040,610 | |||||||
|
|
|
|||||||
| RETAILING - 4.1% |
||||||||
| 3,078 |
* | 1-800-FLOWERS.COM, Inc (Class A) |
10,742 | |||||
| 998 |
Aaron’s, Inc |
28,253 | ||||||
| 1,092 |
Abercrombie & Fitch Co (Class A) |
37,281 | ||||||
| 934 |
Advance Auto Parts, Inc |
63,717 | ||||||
| 1,127 |
* | Aeropostale, Inc |
20,094 | |||||
| 4,601 |
* | Amazon.com, Inc |
1,050,638 | |||||
| 2,498 |
American Eagle Outfitters, Inc |
49,286 | ||||||
| 122 |
* | America’s Car-Mart, Inc |
4,740 | |||||
| 671 |
* | Ann Taylor Stores Corp |
17,104 | |||||
| 359 |
* | Asbury Automotive Group, Inc |
8,505 | |||||
| 200 |
* | Audiovox Corp (Class A) |
1,864 | |||||
| 508 |
*,e | Autonation, Inc |
17,922 | |||||
| 439 |
* | Autozone, Inc |
161,188 | |||||
| 477 |
*,e | Barnes & Noble, Inc |
7,851 | |||||
| 380 |
Bebe Stores, Inc |
2,231 | ||||||
| 2,952 |
* | Bed Bath & Beyond, Inc |
182,434 | |||||
| 3,415 |
Best Buy Co, Inc |
71,578 | ||||||
| 334 |
Big 5 Sporting Goods Corp |
2,525 | ||||||
| 884 |
* | Big Lots, Inc |
36,058 | |||||
| 158 |
*,e | Blue Nile, Inc |
4,694 | |||||
| 142 |
*,e | Body Central Corp |
1,278 | |||||
| 142 |
e | Bon-Ton Stores, Inc |
1,109 | |||||
| 482 |
Brown Shoe Co, Inc |
6,223 | ||||||
| 310 |
e | Buckle, Inc |
12,267 | |||||
| 535 |
* | Cabela’s, Inc |
20,228 | |||||
| 60 |
*,e | CafePress, Inc |
893 | |||||
| 2,896 |
* | Carmax, Inc |
75,122 | |||||
| 514 |
* | Casual Male Retail Group, Inc |
1,866 | |||||
| 525 |
Cato Corp (Class A) |
15,991 | ||||||
| 2,122 |
Chico’s FAS, Inc |
31,490 | ||||||
| 335 |
* | Children’s Place Retail Stores, Inc |
16,693 | |||||
| 243 |
* | Citi Trends, Inc |
3,752 | |||||
| 922 |
* | Collective Brands, Inc |
19,749 | |||||
| 142 |
*,e | Conn’s, Inc |
2,102 | |||||
58
TIAA-CREF LIFE FUNDS- Stock Index Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 108 |
Core-Mark Holding Co, Inc |
$ | 5,199 | |||||
| 118 |
Destination Maternity Corp |
2,549 | ||||||
| 1,171 |
Dick’s Sporting Goods, Inc |
56,208 | ||||||
| 374 |
e | Dillard’s, Inc (Class A) |
23,816 | |||||
| 2,132 |
* | Dollar General Corp |
115,959 | |||||
| 2,944 |
* | Dollar Tree, Inc |
158,387 | |||||
| 417 |
DSW, Inc (Class A) |
22,685 | ||||||
| 1,111 |
Expedia, Inc |
53,406 | ||||||
| 1,135 |
Express Parent LLC |
20,623 | ||||||
| 1,227 |
Family Dollar Stores, Inc |
81,571 | ||||||
| 681 |
Finish Line, Inc (Class A) |
14,240 | ||||||
| 1,926 |
Foot Locker, Inc |
58,897 | ||||||
| 443 |
*,e | Francesca’s Holdings Corp |
11,965 | |||||
| 480 |
Fred’s, Inc (Class A) |
7,339 | ||||||
| 1,759 |
e | GameStop Corp (Class A) |
32,295 | |||||
| 3,844 |
Gap, Inc |
105,172 | ||||||
| 311 |
* | Genesco, Inc |
18,707 | |||||
| 1,955 |
Genuine Parts Co |
117,788 | ||||||
| 910 |
GNC Holdings, Inc |
35,672 | ||||||
| 107 |
* | Gordmans Stores, Inc |
1,766 | |||||
| 300 |
Group 1 Automotive, Inc |
13,683 | ||||||
| 511 |
*,e | Groupon, Inc |
5,432 | |||||
| 822 |
e | Guess?, Inc |
24,964 | |||||
| 166 |
Haverty Furniture Cos, Inc |
1,854 | ||||||
| 176 |
*,e | HHgregg, Inc |
1,991 | |||||
| 335 |
* | Hibbett Sports, Inc |
19,333 | |||||
| 19,436 |
Home Depot, Inc |
1,029,914 | ||||||
| 405 |
*,e | HomeAway, Inc |
8,805 | |||||
| 450 |
Hot Topic, Inc |
4,360 | ||||||
| 475 |
HSN, Inc |
19,166 | ||||||
| 2,054 |
e | JC Penney Co, Inc |
47,879 | |||||
| 349 |
* | JOS A Bank Clothiers, Inc |
14,819 | |||||
| 145 |
* | Kirkland’s, Inc |
1,631 | |||||
| 3,089 |
Kohl’s Corp |
140,519 | ||||||
| 7,348 |
* | Liberty Media Holding Corp (Interactive A) |
130,721 | |||||
| 3,064 |
Limited Brands, Inc |
130,312 | ||||||
| 205 |
Lithia Motors, Inc (Class A) |
4,725 | ||||||
| 1,872 |
* | LKQ Corp |
62,525 | |||||
| 15,225 |
Lowe’s Companies, Inc |
432,999 | ||||||
| 351 |
*,e | Lumber Liquidators, Inc |
11,860 | |||||
| 5,264 |
Macy’s, Inc |
180,818 | ||||||
| 257 |
* | MarineMax, Inc |
2,444 | |||||
| 139 |
* | Mattress Firm Holding Corp |
4,213 | |||||
| 593 |
Men’s Wearhouse, Inc |
16,687 | ||||||
| 361 |
Monro Muffler, Inc |
12,000 | ||||||
| 716 |
*,e | NetFlix, Inc |
49,025 | |||||
| 512 |
* | New York & Co, Inc |
1,782 | |||||
| 1,992 |
Nordstrom, Inc |
98,983 | ||||||
| 414 |
e | Nutri/System, Inc |
4,786 | |||||
| 3,305 |
* | Office Depot, Inc |
7,139 | |||||
| 1,103 |
* | OfficeMax, Inc |
5,581 | |||||
| 482 |
* | Orbitz Worldwide, Inc |
1,759 | |||||
| 1,602 |
* | O’Reilly Automotive, Inc |
134,200 | |||||
| 176 |
*,e | Overstock.com, Inc |
1,216 | |||||
| 500 |
e | Penske Auto Group, Inc |
10,620 | |||||
| 614 |
e | PEP Boys - Manny Moe & Jack |
6,079 | |||||
| 60 |
*,e | Perfumania Holdings, Inc |
497 | |||||
| 278 |
e | PetMed Express, Inc |
3,381 | |||||
| 1,378 |
Petsmart, Inc |
93,952 | ||||||
| 1,228 |
Pier 1 Imports, Inc |
20,176 | ||||||
| 631 |
* | Priceline.com, Inc |
419,312 | |||||
| 1,485 |
e | RadioShack Corp |
5,702 | |||||
| 793 |
Rent-A-Center, Inc |
26,756 | ||||||
| 2,876 |
Ross Stores, Inc |
179,664 | ||||||
| 180 |
*,e | Rue21, Inc |
4,543 | |||||
59
TIAA-CREF LIFE FUNDS- Stock Index Fund
|
SHARES |
COMPANY |
VALUE | ||||||||
| 1,535 |
*,e | Saks, Inc |
$ | 16,348 | ||||||
| 1,665 |
* | Sally Beauty Holdings, Inc |
42,857 | |||||||
| 481 |
*,e | Sears Holdings Corp |
28,716 | |||||||
| 717 |
* | Select Comfort Corp |
15,000 | |||||||
| 99 |
Shoe Carnival, Inc |
2,127 | ||||||||
| 451 |
*,e | Shutterfly, Inc |
13,841 | |||||||
| 1,056 |
Signet Jewelers Ltd |
46,475 | ||||||||
| 481 |
e | Sonic Automotive, Inc (Class A) |
6,575 | |||||||
| 411 |
Stage Stores, Inc |
7,529 | ||||||||
| 8,866 |
Staples, Inc | 115,701 | ||||||||
| 200 |
Stein Mart, Inc | 1,590 | ||||||||
| 151 |
* | Systemax, Inc | 1,785 | |||||||
| 846 |
*,e | Talbots, Inc | 2,132 | |||||||
| 8,395 |
Target Corp | 488,505 | ||||||||
| 1,588 |
Tiffany & Co | 84,085 | ||||||||
| 120 |
* | Tilly’s, Inc | 1,926 | |||||||
| 9,407 |
TJX Companies, Inc | 403,842 | ||||||||
| 898 |
Tractor Supply Co | 74,588 | ||||||||
| 1,132 |
* | TripAdvisor, Inc | 50,589 | |||||||
| 228 |
* | Tuesday Morning Corp | 978 | |||||||
| 749 |
Ulta Salon Cosmetics & Fragrance, Inc | 69,942 | ||||||||
| 1,468 |
* | Urban Outfitters, Inc | 40,502 | |||||||
| 150 |
* | US Auto Parts Network, Inc | 627 | |||||||
| 280 |
*,e | Vitacost.com, Inc | 1,652 | |||||||
| 340 |
* | Vitamin Shoppe, Inc | 18,676 | |||||||
| 178 |
* | West Marine, Inc | 2,091 | |||||||
| 1,045 |
* | Wet Seal, Inc (Class A) | 3,302 | |||||||
| 1,141 |
Williams-Sonoma, Inc | 39,901 | ||||||||
| 245 |
* | Zumiez, Inc | 9,702 | |||||||
|
|
|
|||||||||
| TOTAL RETAILING | 7,922,103 | |||||||||
|
|
|
|||||||||
| SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.5% |
||||||||||
| 504 |
* | Advanced Energy Industries, Inc | 6,764 | |||||||
| 8,180 |
* | Advanced Micro Devices, Inc | 46,871 | |||||||
| 183 |
* | Alpha & Omega Semiconductor Lt | 1,674 | |||||||
| 4,086 |
Altera Corp | 138,270 | ||||||||
| 1,245 |
*,e | Amkor Technology, Inc | 6,076 | |||||||
| 891 |
* | Anadigics, Inc | 1,613 | |||||||
| 3,796 |
Analog Devices, Inc | 142,995 | ||||||||
| 16,283 |
Applied Materials, Inc | 186,603 | ||||||||
| 891 |
* | Applied Micro Circuits Corp | 5,097 | |||||||
| 5,710 |
* | Atmel Corp | 38,257 | |||||||
| 395 |
* | ATMI, Inc | 8,125 | |||||||
| 565 |
* | AuthenTec, Inc | 2,446 | |||||||
| 3,099 |
Avago Technologies Ltd | 111,254 | ||||||||
| 6,246 |
* | Axcelis Technologies, Inc | 7,495 | |||||||
| 1,188 |
* | AXT, Inc | 4,693 | |||||||
| 6,997 |
Broadcom Corp (Class A) | 236,499 | ||||||||
| 831 |
Brooks Automation, Inc | 7,845 | ||||||||
| 285 |
Cabot Microelectronics Corp | 8,325 | ||||||||
| 664 |
* | Cavium Networks, Inc | 18,592 | |||||||
| 234 |
*,e | Ceva, Inc | 4,121 | |||||||
| 821 |
* | Cirrus Logic, Inc | 24,531 | |||||||
| 280 |
Cohu, Inc | 2,845 | ||||||||
| 1,474 |
*,e | Cree, Inc | 37,838 | |||||||
| 364 |
* | Cymer, Inc | 21,458 | |||||||
| 2,072 |
Cypress Semiconductor Corp | 27,392 | ||||||||
| 395 |
* | Diodes, Inc | 7,414 | |||||||
| 289 |
* | DSP Group, Inc | 1,832 | |||||||
| 1,676 |
* | Entegris, Inc | 14,313 | |||||||
| 903 |
*,e | Entropic Communications, Inc | 5,093 | |||||||
| 520 |
* | Exar Corp | 4,243 | |||||||
| 1,583 |
* | Fairchild Semiconductor International, Inc | 22,320 | |||||||
| 737 |
*,e | First Solar, Inc | 11,099 | |||||||
| 593 |
* | Formfactor, Inc | 3,837 | |||||||
60
TIAA-CREF LIFE FUNDS- Stock Index Fund
|
SHARES |
COMPANY |
VALUE | ||||||||
| 537 |
*,e | Freescale Semiconductor Holdings Ltd | $ | 5,504 | ||||||
| 1,943 |
*,e | FSI International, Inc | 6,975 | |||||||
| 234 |
* | GSI Technology, Inc | 1,109 | |||||||
| 1,568 |
* | GT Solar International, Inc | 8,279 | |||||||
| 459 |
* | Hittite Microwave Corp | 23,464 | |||||||
| 252 |
* | Inphi Corp | 2,389 | |||||||
| 1,945 |
* | Integrated Device Technology, Inc | 10,931 | |||||||
| 306 |
* | Integrated Silicon Solution, Inc | 3,088 | |||||||
| 63,681 |
Intel Corp | 1,697,099 | ||||||||
| 853 |
* | International Rectifier Corp | 17,051 | |||||||
| 1,619 |
Intersil Corp (Class A) | 17,242 | ||||||||
| 257 |
* | IXYS Corp | 2,871 | |||||||
| 2,125 |
Kla-Tencor Corp | 104,656 | ||||||||
| 800 |
* | Kopin Corp | 2,752 | |||||||
| 2,519 |
* | Lam Research Corp | 95,067 | |||||||
| 1,300 |
* | Lattice Semiconductor Corp | 4,901 | |||||||
| 2,925 |
Linear Technology Corp | 91,640 | ||||||||
| 7,838 |
* | LSI Logic Corp | 49,928 | |||||||
| 584 |
* | LTX-Credence Corp | 3,913 | |||||||
| 80 |
* | M | 1,480 | |||||||
| 6,576 |
Marvell Technology Group Ltd | 74,177 | ||||||||
| 740 |
* | Mattson Technology, Inc | 1,295 | |||||||
| 3,678 |
Maxim Integrated Products, Inc | 94,304 | ||||||||
| 87 |
* | MaxLinear, Inc | 432 | |||||||
| 2,748 |
*,e | MEMC Electronic Materials, Inc | 5,963 | |||||||
| 797 |
Micrel, Inc | 7,595 | ||||||||
| 2,459 |
e | Microchip Technology, Inc | 81,344 | |||||||
| 12,574 |
* | Micron Technology, Inc | 79,342 | |||||||
| 1,063 |
* | Microsemi Corp | 19,655 | |||||||
| 378 |
*,e | Mindspeed Technologies, Inc | 930 | |||||||
| 766 |
* | MIPS Technologies, Inc | 5,109 | |||||||
| 604 |
MKS Instruments, Inc | 17,474 | ||||||||
| 407 |
* | Monolithic Power Systems, Inc | 8,087 | |||||||
| 316 |
* | MoSys, Inc | 1,024 | |||||||
| 214 |
* | Nanometrics, Inc | 3,287 | |||||||
| 55 |
*,e | NVE Corp | 2,956 | |||||||
| 7,852 |
* | Nvidia Corp | 108,515 | |||||||
| 721 |
* | Omnivision Technologies, Inc | 9,633 | |||||||
| 5,763 |
* | ON Semiconductor Corp | 40,917 | |||||||
| 268 |
* | PDF Solutions, Inc | 2,645 | |||||||
| 304 |
* | Pericom Semiconductor Corp | 2,736 | |||||||
| 666 |
* | Photronics, Inc | 4,063 | |||||||
| 410 |
* | PLX Technology, Inc | 2,603 | |||||||
| 2,763 |
* | PMC - Sierra, Inc | 16,965 | |||||||
| 358 |
Power Integrations, Inc | 13,353 | ||||||||
| 490 |
*,e | QuickLogic Corp | 1,230 | |||||||
| 1,317 |
*,e | Rambus, Inc | 7,560 | |||||||
| 3,137 |
* | RF Micro Devices, Inc | 13,332 | |||||||
| 149 |
*,e | Rubicon Technology, Inc | 1,520 | |||||||
| 351 |
* | Rudolph Technologies, Inc | 3,061 | |||||||
| 936 |
* | Semtech Corp | 22,764 | |||||||
| 373 |
* | Sigma Designs, Inc | 2,380 | |||||||
| 1,131 |
* | Silicon Image, Inc | 4,682 | |||||||
| 618 |
* | Silicon Laboratories, Inc | 23,422 | |||||||
| 2,390 |
* | Skyworks Solutions, Inc | 65,414 | |||||||
| 622 |
* | Spansion, Inc | 6,830 | |||||||
| 300 |
* | Standard Microsystems Corp | 11,067 | |||||||
| 345 |
*,e | STR Holdings, Inc | 1,573 | |||||||
| 1,213 |
* | SunPower Corp | 5,835 | |||||||
| 100 |
* | Supertex, Inc | 1,885 | |||||||
| 2,374 |
* | Teradyne, Inc | 33,378 | |||||||
| 605 |
Tessera Technologies, Inc | 9,299 | ||||||||
| 14,673 |
Texas Instruments, Inc | 420,968 | ||||||||
| 1,986 |
* | Triquint Semiconductor, Inc | 10,923 | |||||||
| 267 |
* | Ultra Clean Holdings | 1,717 | |||||||
61
TIAA-CREF LIFE FUNDS- Stock Index Fund
|
SHARES |
COMPANY |
VALUE | ||||||||
| 283 |
* | Ultratech, Inc | $ | 8,914 | ||||||
| 512 |
*,e | Veeco Instruments, Inc | 17,592 | |||||||
| 288 |
* | Volterra Semiconductor Corp | 6,754 | |||||||
| 3,371 |
Xilinx, Inc | 113,164 | ||||||||
|
|
|
|||||||||
| TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT |
4,717,837 | |||||||||
|
|
|
|||||||||
| SOFTWARE & SERVICES - 9.4% |
||||||||||
| 552 |
* | Accelrys, Inc | 4,466 | |||||||
| 8,176 |
Accenture plc | 491,296 | ||||||||
| 503 |
* | ACI Worldwide, Inc | 22,238 | |||||||
| 490 |
*,e | Active Network, Inc | 7,541 | |||||||
| 5,714 |
Activision Blizzard, Inc | 68,511 | ||||||||
| 620 |
* | Actuate Corp | 4,297 | |||||||
| 1,008 |
* | Acxiom Corp | 15,231 | |||||||
| 6,395 |
* | Adobe Systems, Inc | 207,006 | |||||||
| 374 |
* | Advent Software, Inc | 10,139 | |||||||
| 2,323 |
* | Akamai Technologies, Inc | 73,755 | |||||||
| 640 |
* | Alliance Data Systems Corp | 86,400 | |||||||
| 2,552 |
* | Amdocs Ltd | 75,845 | |||||||
| 276 |
* | American Software, Inc (Class A) | 2,194 | |||||||
| 395 |
*,e | Ancestry.com, Inc | 10,874 | |||||||
| 456 |
*,e | Angie’s List, Inc | 7,223 | |||||||
| 1,184 |
* | Ansys, Inc | 74,722 | |||||||
| 1,288 |
* | AOL, Inc | 36,167 | |||||||
| 1,201 |
* | Ariba, Inc | 53,757 | |||||||
| 1,185 |
* | Aspen Technology, Inc | 27,433 | |||||||
| 2,934 |
* | Autodesk, Inc | 102,661 | |||||||
| 6,341 |
Automatic Data Processing, Inc | 352,940 | ||||||||
| 588 |
*,e | Bankrate, Inc | 10,813 | |||||||
| 116 |
*,e | Bazaarvoice, Inc | 2,111 | |||||||
| 538 |
Blackbaud, Inc | 13,810 | ||||||||
| 367 |
* | Blucora, Inc | 4,521 | |||||||
| 2,153 |
* | BMC Software, Inc | 91,890 | |||||||
| 294 |
e | Booz Allen Hamilton Holding Co | 4,492 | |||||||
| 421 |
* | Bottomline Technologies, Inc | 7,599 | |||||||
| 1,693 |
Broadridge Financial Solutions, Inc |
36,010 | ||||||||
| 281 |
*,e | BroadSoft, Inc |
8,138 | |||||||
| 4,559 |
CA, Inc |
123,503 | ||||||||
| 372 |
*,e | CACI International, Inc (Class A) |
20,467 | |||||||
| 3,489 |
* | Cadence Design Systems, Inc |
38,344 | |||||||
| 370 |
*,e | Callidus Software, Inc |
1,843 | |||||||
| 531 |
* | Cardtronics, Inc |
16,042 | |||||||
| 82 |
Cass Information Systems, Inc |
3,300 | ||||||||
| 834 |
* | Ciber, Inc |
3,595 | |||||||
| 2,423 |
* | Citrix Systems, Inc |
203,387 | |||||||
| 118 |
*,m | Clinical Data, Inc |
112 | |||||||
| 3,871 |
* | Cognizant Technology Solutions Corp (Class A) |
232,260 | |||||||
| 547 |
* | Commvault Systems, Inc |
27,115 | |||||||
| 1,926 |
Computer Sciences Corp |
47,803 | ||||||||
| 174 |
* | Computer Task Group, Inc |
2,608 | |||||||
| 2,948 |
* | Compuware Corp |
27,387 | |||||||
| 399 |
* | comScore, Inc |
6,568 | |||||||
| 555 |
* | Concur Technologies, Inc |
37,795 | |||||||
| 342 |
*,e | Constant Contact, Inc |
6,115 | |||||||
| 1,480 |
Convergys Corp |
21,860 | ||||||||
| 431 |
*,e | Cornerstone OnDemand, Inc |
10,262 | |||||||
| 323 |
* | CoStar Group, Inc |
26,228 | |||||||
| 485 |
* | CSG Systems International, Inc |
8,381 | |||||||
| 485 |
* | DealerTrack Holdings, Inc |
14,603 | |||||||
| 235 |
* | Deltek, Inc |
2,724 | |||||||
| 379 |
* | Demand Media, Inc |
4,245 | |||||||
| 86 |
* | Demandware, Inc |
2,037 | |||||||
| 606 |
* | Dice Holdings, Inc |
5,690 | |||||||
| 453 |
* | Digital River, Inc |
7,529 | |||||||
| 85 |
DMRC Corp |
2,181 | ||||||||
62
TIAA-CREF LIFE FUNDS- Stock Index Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 426 |
DST Systems, Inc |
$ | 23,136 | |||||
| 1,405 |
Earthlink, Inc |
10,453 | ||||||
| 394 |
* | EasyLink Services International Corp |
2,853 | |||||
| 14,729 |
* | eBay, Inc |
618,765 | |||||
| 322 |
e | Ebix, Inc |
6,424 | |||||
| 4,129 |
* | Electronic Arts, Inc |
50,993 | |||||
| 280 |
* | Ellie Mae, Inc |
5,040 | |||||
| 269 |
* | Envestnet, Inc |
3,228 | |||||
| 100 |
* | Envivio, Inc |
641 | |||||
| 405 |
EPIQ Systems, Inc |
4,961 | ||||||
| 583 |
* | Equinix, Inc |
102,404 | |||||
| 589 |
* | Euronet Worldwide, Inc |
10,084 | |||||
| 122 |
* | ExactTarget, Inc |
2,667 | |||||
| 250 |
* | ExlService Holdings, Inc |
6,160 | |||||
| 5,350 |
*,e | Facebook, Inc |
166,492 | |||||
| 586 |
Factset Research Systems, Inc |
54,463 | ||||||
| 602 |
Fair Isaac Corp |
25,453 | ||||||
| 313 |
* | FalconStor Software, Inc |
817 | |||||
| 3,212 |
Fidelity National Information Services, Inc |
109,465 | ||||||
| 1,356 |
* | First American Corp |
24,828 | |||||
| 1,765 |
* | Fiserv, Inc |
127,468 | |||||
| 617 |
* | FleetCor Technologies, Inc |
21,620 | |||||
| 178 |
Forrester Research, Inc |
6,027 | ||||||
| 1,660 |
* | Fortinet, Inc |
38,545 | |||||
| 1,208 |
* | Gartner, Inc |
52,004 | |||||
| 1,564 |
* | Genpact Ltd |
26,009 | |||||
| 299 |
*,e,m | Gerber Scientific, Inc |
0 | |||||
| 824 |
* | Global Cash Access, Inc |
5,941 | |||||
| 998 |
Global Payments, Inc |
43,144 | ||||||
| 531 |
*,e | Glu Mobile, Inc |
2,947 | |||||
| 3,286 |
* | Google, Inc (Class A) |
1,906,110 | |||||
| 200 |
*,e | Guidewire Software, Inc |
5,624 | |||||
| 476 |
* | Hackett Group, Inc |
2,651 | |||||
| 451 |
Heartland Payment Systems, Inc |
13,566 | ||||||
| 384 |
*,e | Higher One Holdings, Inc |
4,692 | |||||
| 1,091 |
IAC/InterActiveCorp |
49,750 | ||||||
| 384 |
* | iGate Corp |
6,536 | |||||
| 160 |
*,e | Imperva, Inc |
4,611 | |||||
| 99 |
* | Infoblox, Inc |
2,270 | |||||
| 1,333 |
* | Informatica Corp |
56,466 | |||||
| 279 |
* | Innodata Isogen, Inc |
1,908 | |||||
| 144 |
* | Interactive Intelligence, Inc |
4,062 | |||||
| 538 |
* | Internap Network Services Corp |
3,502 | |||||
| 13,842 |
International Business Machines Corp |
2,707,218 | ||||||
| 3,877 |
Intuit, Inc |
230,100 | ||||||
| 660 |
* | Ipass, Inc |
1,571 | |||||
| 544 |
e | j2 Global, Inc |
14,373 | |||||
| 1,107 |
Jack Henry & Associates, Inc |
38,214 | ||||||
| 480 |
* | JDA Software Group, Inc |
14,251 | |||||
| 250 |
*,e | Jive Software, Inc |
5,247 | |||||
| 349 |
* | Kenexa Corp |
10,131 | |||||
| 168 |
Keynote Systems, Inc |
2,495 | ||||||
| 444 |
*,e | KIT Digital, Inc |
1,905 | |||||
| 298 |
* | Knot, Inc |
2,643 | |||||
| 1,154 |
Lender Processing Services, Inc |
29,173 | ||||||
| 884 |
*,e | Limelight Networks, Inc |
2,590 | |||||
| 784 |
*,e | LinkedIn Corp |
83,316 | |||||
| 704 |
* | Lionbridge Technologies |
2,218 | |||||
| 325 |
* | Liquidity Services, Inc |
16,637 | |||||
| 697 |
* | Liveperson, Inc |
13,285 | |||||
| 252 |
* | LogMeIn, Inc |
7,691 | |||||
| 187 |
*,e | magicJack VocalTec Ltd |
3,553 | |||||
| 311 |
* | Manhattan Associates, Inc |
14,216 | |||||
| 292 |
e | Mantech International Corp (Class A) |
6,853 | |||||
| 206 |
e | Marchex, Inc (Class B) |
744 | |||||
63
TIAA-CREF LIFE FUNDS- Stock Index Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 280 |
* | Market Leader, Inc |
$ | 1,422 | ||||
| 1,371 |
Mastercard, Inc (Class A) |
589,681 | ||||||
| 130 |
* | Mattersight Corp |
1,037 | |||||
| 482 |
MAXIMUS, Inc |
24,944 | ||||||
| 1,291 |
* | Mentor Graphics Corp |
19,365 | |||||
| 1,140 |
* | Micros Systems, Inc |
58,368 | |||||
| 95,327 |
Microsoft Corp |
2,916,053 | ||||||
| 100 |
* | MicroStrategy, Inc (Class A) |
12,986 | |||||
| 140 |
* | Millennial Media, Inc |
1,847 | |||||
| 529 |
ModusLink Global Solutions, Inc |
1,582 | ||||||
| 278 |
* | MoneyGram International, Inc |
4,059 | |||||
| 443 |
* | Monotype Imaging Holdings, Inc |
7,429 | |||||
| 1,517 |
* | Monster Worldwide, Inc |
12,895 | |||||
| 696 |
* | Move, Inc |
6,341 | |||||
| 467 |
* | Netscout Systems, Inc |
10,083 | |||||
| 397 |
* | NetSuite, Inc |
21,744 | |||||
| 874 |
* | NeuStar, Inc (Class A) |
29,192 | |||||
| 789 |
NIC, Inc |
10,020 | ||||||
| 3,067 |
* | Nuance Communications, Inc |
73,056 | |||||
| 293 |
*,e | OpenTable, Inc |
13,188 | |||||
| 155 |
Opnet Technologies, Inc |
4,121 | ||||||
| 48,849 |
Oracle Corp |
1,450,815 | ||||||
| 1,520 |
* | Parametric Technology Corp |
31,859 | |||||
| 4,119 |
Paychex, Inc |
129,378 | ||||||
| 162 |
e | Pegasystems, Inc |
5,343 | |||||
| 320 |
* | Perficient, Inc |
3,594 | |||||
| 170 |
* | Pervasive Software, Inc |
1,273 | |||||
| 240 |
* | PRG-Schultz International, Inc |
1,908 | |||||
| 831 |
* | Progress Software Corp |
17,343 | |||||
| 80 |
* | Proofpoint, Inc |
1,356 | |||||
| 283 |
* | PROS Holdings, Inc |
4,760 | |||||
| 43 |
* | QAD, Inc (Class A) |
611 | |||||
| 1,081 |
* | QLIK Technologies, Inc |
23,912 | |||||
| 719 |
* | Quest Software, Inc |
20,024 | |||||
| 335 |
*,e | QuinStreet, Inc |
3,102 | |||||
| 1,383 |
* | Rackspace Hosting, Inc |
60,769 | |||||
| 299 |
RealNetworks, Inc |
2,583 | ||||||
| 379 |
*,e | RealPage, Inc |
8,778 | |||||
| 2,400 |
* | Red Hat, Inc |
135,552 | |||||
| 453 |
*,e | Responsys, Inc |
5,490 | |||||
| 127 |
* | Rosetta Stone, Inc |
1,758 | |||||
| 1,436 |
* | Rovi Corp |
28,174 | |||||
| 286 |
* | Saba Software, Inc |
2,654 | |||||
| 3,586 |
SAIC, Inc |
43,462 | ||||||
| 1,740 |
* | Salesforce.com, Inc |
240,572 | |||||
| 170 |
*,e | Sapiens International Corp NV |
612 | |||||
| 1,557 |
Sapient Corp |
15,679 | ||||||
| 150 |
* | Sciquest, Inc |
2,694 | |||||
| 334 |
* | Seachange International, Inc |
2,749 | |||||
| 634 |
*,e | ServiceSource International LLC |
8,781 | |||||
| 782 |
* | SolarWinds, Inc |
34,064 | |||||
| 1,004 |
Solera Holdings, Inc |
41,957 | ||||||
| 376 |
* | Sourcefire, Inc |
19,326 | |||||
| 150 |
*,e | Spark Networks, Inc |
774 | |||||
| 197 |
*,e,m | Splunk, Inc |
5,536 | |||||
| 235 |
* | SPS Commerce, Inc |
7,139 | |||||
| 132 |
* | SRS Labs, Inc |
1,188 | |||||
| 427 |
* | SS&C Technologies Holdings, Inc |
10,675 | |||||
| 192 |
Stamps.com, Inc |
4,737 | ||||||
| 513 |
* | SupportSoft, Inc |
1,636 | |||||
| 9,430 |
* | Symantec Corp |
137,772 | |||||
| 90 |
*,e | Synacor, Inc |
1,233 | |||||
| 328 |
* | Synchronoss Technologies, Inc |
6,058 | |||||
| 1,849 |
* | Synopsys, Inc |
54,416 | |||||
| 190 |
Syntel, Inc |
11,533 | ||||||
64
TIAA-CREF LIFE FUNDS- Stock Index Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 402 |
* | TA Indigo Holding Corp |
$ | 1,761 | ||||
| 925 |
* | Take-Two Interactive Software, Inc |
8,750 | |||||
| 383 |
* | Tangoe, Inc |
8,162 | |||||
| 132 |
* | TechTarget, Inc |
665 | |||||
| 205 |
* | TeleNav, Inc |
1,257 | |||||
| 455 |
* | TeleTech Holdings, Inc |
7,280 | |||||
| 2,098 |
* | Teradata Corp |
151,077 | |||||
| 2,110 |
* | TIBCO Software, Inc |
63,131 | |||||
| 1,671 |
* | TiVo, Inc |
13,819 | |||||
| 303 |
* | TNS, Inc |
5,436 | |||||
| 2,061 |
Total System Services, Inc |
49,320 | ||||||
| 174 |
*,e | Travelzoo, Inc |
3,953 | |||||
| 432 |
* | Tyler Technologies, Inc |
17,431 | |||||
| 339 |
* | Ultimate Software Group, Inc |
30,212 | |||||
| 586 |
* | Unisys Corp |
11,456 | |||||
| 1,056 |
United Online, Inc |
4,456 | ||||||
| 1,006 |
* | Unwired Planet, Inc |
2,314 | |||||
| 1,094 |
* | Valueclick, Inc |
17,931 | |||||
| 499 |
* | Vantiv, Inc |
11,622 | |||||
| 248 |
* | Vasco Data Security International |
2,029 | |||||
| 1,365 |
* | VeriFone Systems, Inc |
45,168 | |||||
| 264 |
* | Verint Systems, Inc |
7,791 | |||||
| 2,200 |
VeriSign, Inc |
95,854 | ||||||
| 574 |
*,e | VirnetX Holding Corp |
20,233 | |||||
| 156 |
* | Virtusa Corp |
2,083 | |||||
| 6,645 |
Visa, Inc (Class A) |
821,521 | ||||||
| 527 |
*,e | VistaPrint Ltd |
17,022 | |||||
| 1,083 |
* | VMware, Inc (Class A) |
98,596 | |||||
| 202 |
* | Vocus, Inc |
3,757 | |||||
| 807 |
*,e | WebMD Health Corp (Class A) |
16,552 | |||||
| 564 |
* | Websense, Inc |
10,564 | |||||
| 367 |
* | Website Pros, Inc |
6,723 | |||||
| 7,937 |
Western Union Co |
133,659 | ||||||
| 465 |
* | Wright Express Corp |
28,700 | |||||
| 15,470 |
* | Yahoo!, Inc |
244,890 | |||||
| 107 |
*,e | Yelp, Inc |
2,432 | |||||
| 743 |
* | Zix Corp |
1,932 | |||||
| 1,440 |
*,e | Zynga, Inc |
7,834 | |||||
|
|
|
|||||||
| TOTAL SOFTWARE & SERVICES |
18,031,683 | |||||||
|
|
|
|||||||
| TECHNOLOGY HARDWARE & EQUIPMENT - 7.0% |
||||||||
| 581 |
*,e | 3D Systems Corp |
19,835 | |||||
| 738 |
*,e | Acme Packet, Inc |
13,764 | |||||
| 806 |
Adtran, Inc |
24,333 | ||||||
| 400 |
* | Agilysys, Inc |
3,468 | |||||
| 30 |
*,e | Ambient Corp |
164 | |||||
| 2,157 |
Amphenol Corp (Class A) |
118,463 | ||||||
| 200 |
* | Anaren, Inc |
3,920 | |||||
| 356 |
Anixter International, Inc |
18,886 | ||||||
| 11,874 |
* | Apple, Inc |
6,934,416 | |||||
| 1,549 |
* | Arris Group, Inc |
21,547 | |||||
| 1,424 |
* | Arrow Electronics, Inc |
46,721 | |||||
| 1,423 |
*,e | Aruba Networks, Inc |
21,416 | |||||
| 80 |
* | Audience, Inc |
1,542 | |||||
| 424 |
* | Avid Technology, Inc |
3,150 | |||||
| 1,830 |
* | Avnet, Inc |
56,474 | |||||
| 583 |
AVX Corp |
6,232 | ||||||
| 150 |
Aware, Inc |
967 | ||||||
| 245 |
*,e | AX Holding Corp |
1,482 | |||||
| 258 |
Badger Meter, Inc |
9,688 | ||||||
| 100 |
Bel Fuse, Inc (Class B) |
1,761 | ||||||
| 750 |
* | Benchmark Electronics, Inc |
10,463 | |||||
| 226 |
Black Box Corp |
6,486 | ||||||
| 1,360 |
*,e | Bookham, Inc |
4,134 | |||||
| 840 |
* | Brightpoint, Inc |
4,544 | |||||
65
TIAA-CREF LIFE FUNDS- Stock Index Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 5,865 |
* | Brocade Communications Systems, Inc |
$ | 28,914 | ||||
| 358 |
* | CalAmp Corp |
2,624 | |||||
| 469 |
* | Calix Networks, Inc |
3,855 | |||||
| 500 |
* | Checkpoint Systems, Inc |
4,355 | |||||
| 1,254 |
*,e | Ciena Corp |
20,528 | |||||
| 68,419 |
Cisco Systems, Inc |
1,174,754 | ||||||
| 542 |
Cognex Corp |
17,154 | ||||||
| 306 |
* | Coherent, Inc |
13,250 | |||||
| 330 |
Comtech Telecommunications Corp |
9,431 | ||||||
| 2,770 |
* | Comverse Technology, Inc |
16,121 | |||||
| 19,277 |
Corning, Inc |
249,252 | ||||||
| 347 |
* | Cray, Inc |
4,192 | |||||
| 409 |
CTS Corp |
3,853 | ||||||
| 423 |
Daktronics, Inc |
2,923 | ||||||
| 185 |
* | Datalink Corp |
1,767 | |||||
| 18,929 |
* | Dell, Inc |
236,991 | |||||
| 772 |
Diebold, Inc |
28,494 | ||||||
| 400 |
* | Digi International, Inc |
4,096 | |||||
| 633 |
* | Dolby Laboratories, Inc (Class A) |
26,143 | |||||
| 179 |
* | DTS, Inc |
4,668 | |||||
| 330 |
* | Echelon Corp |
1,148 | |||||
| 485 |
* | EchoStar Corp (Class A) |
12,814 | |||||
| 248 |
Electro Rent Corp |
4,025 | ||||||
| 300 |
Electro Scientific Industries, Inc |
3,546 | ||||||
| 630 |
* | Electronics for Imaging, Inc |
10,237 | |||||
| 26,666 |
* | EMC Corp |
683,450 | |||||
| 1,000 |
* | Emulex Corp |
7,200 | |||||
| 1,016 |
* | Extreme Networks, Inc |
3,495 | |||||
| 1,009 |
* | F5 Networks, Inc |
100,456 | |||||
| 252 |
* | Fabrinet |
3,163 | |||||
| 215 |
* | FARO Technologies, Inc |
9,047 | |||||
| 451 |
* | FEI Co |
21,576 | |||||
| 1,138 |
* | Finisar Corp |
17,024 | |||||
| 1,984 |
Flir Systems, Inc |
38,688 | ||||||
| 859 |
*,e | Fusion-io, Inc |
17,944 | |||||
| 228 |
* | Globecomm Systems, Inc |
2,312 | |||||
| 327 |
* | GSI Group, Inc |
3,747 | |||||
| 1,150 |
* | Harmonic, Inc |
4,899 | |||||
| 1,483 |
Harris Corp |
62,064 | ||||||
| 670 |
* | Harris Stratex Networks, Inc (Class A) |
1,876 | |||||
| 25,111 |
Hewlett-Packard Co |
504,982 | ||||||
| 400 |
* | Imation Corp |
2,364 | |||||
| 289 |
* | Immersion Corp |
1,627 | |||||
| 1,220 |
* | Infinera Corp |
8,345 | |||||
| 2,058 |
* | Ingram Micro, Inc (Class A) |
35,953 | |||||
| 655 |
* | Insight Enterprises, Inc |
11,024 | |||||
| 564 |
e | InterDigital, Inc |
16,644 | |||||
| 745 |
* | Intermec, Inc |
4,619 | |||||
| 278 |
* | Intevac, Inc |
2,091 | |||||
| 466 |
*,e | InvenSense, Inc |
5,266 | |||||
| 407 |
*,e | IPG Photonics Corp |
17,741 | |||||
| 477 |
* | Itron, Inc |
19,672 | |||||
| 534 |
* | Ixia |
6,419 | |||||
| 2,392 |
Jabil Circuit, Inc |
48,629 | ||||||
| 2,820 |
* | JDS Uniphase Corp |
31,020 | |||||
| 6,822 |
* | Juniper Networks, Inc |
111,267 | |||||
| 548 |
* | Kemet Corp |
3,294 | |||||
| 130 |
* | Key Tronic Corp |
1,071 | |||||
| 172 |
* | KVH Industries, Inc |
2,150 | |||||
| 210 |
* | LeCroy Corp |
2,995 | |||||
| 972 |
Lexmark International, Inc (Class A) |
25,836 | ||||||
| 261 |
Littelfuse, Inc |
14,848 | ||||||
| 124 |
Loral Space & Communications, Inc |
8,351 | ||||||
| 315 |
* | Maxwell Technologies, Inc |
2,066 | |||||
| 187 |
* | Measurement Specialties, Inc |
6,079 | |||||
66
TIAA-CREF LIFE FUNDS- Stock Index Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 375 |
* | Mercury Computer Systems, Inc |
$ | 4,849 | ||||
| 30 |
Mesa Laboratories, Inc |
1,395 | ||||||
| 447 |
Methode Electronics, Inc |
3,804 | ||||||
| 1,677 |
e | Molex, Inc |
40,147 | |||||
| 3,709 |
Motorola, Inc |
178,440 | ||||||
| 221 |
MTS Systems Corp |
8,520 | ||||||
| 160 |
* | Multi-Fineline Electronix, Inc |
3,942 | |||||
| 1,200 |
National Instruments Corp |
32,232 | ||||||
| 2,098 |
* | NCR Corp |
47,688 | |||||
| 290 |
* | Neonode, Inc |
1,784 | |||||
| 4,695 |
* | NetApp, Inc |
149,395 | |||||
| 454 |
* | Netgear, Inc |
15,668 | |||||
| 407 |
* | Newport Corp |
4,892 | |||||
| 630 |
*,e | OCZ Technology Group, Inc |
3,339 | |||||
| 252 |
* | Oplink Communications, Inc |
3,410 | |||||
| 252 |
* | OSI Systems, Inc |
15,962 | |||||
| 232 |
Park Electrochemical Corp |
6,004 | ||||||
| 935 |
*,e | Parkervision, Inc |
2,225 | |||||
| 230 |
PC-Tel, Inc |
1,488 | ||||||
| 554 |
Plantronics, Inc |
18,504 | ||||||
| 511 |
* | Plexus Corp |
14,410 | |||||
| 2,192 |
* | Polycom, Inc |
23,060 | |||||
| 851 |
*,e | Power-One, Inc |
3,847 | |||||
| 248 |
* | Procera Networks, Inc |
6,029 | |||||
| 1,437 |
* | QLogic Corp |
19,673 | |||||
| 21,638 |
Qualcomm, Inc |
1,204,804 | ||||||
| 4,721 |
* | Quantum Corp |
9,584 | |||||
| 301 |
*,e | Rackable Systems, Inc |
1,932 | |||||
| 187 |
* | Radisys Corp |
1,174 | |||||
| 485 |
*,e | RealD, Inc |
7,256 | |||||
| 181 |
Richardson Electronics Ltd |
2,232 | ||||||
| 1,908 |
* | Riverbed Technology, Inc |
30,814 | |||||
| 383 |
* | Rofin-Sinar Technologies, Inc |
7,250 | |||||
| 200 |
* | Rogers Corp |
7,922 | |||||
| 3,074 |
* | SanDisk Corp |
112,140 | |||||
| 958 |
* | Sanmina-SCI Corp |
7,846 | |||||
| 321 |
* | Scansource, Inc |
9,835 | |||||
| 495 |
* | ShoreTel, Inc |
2,168 | |||||
| 3,028 |
* | Sonus Networks, Inc |
6,510 | |||||
| 488 |
* | STEC, Inc |
3,806 | |||||
| 234 |
*,e | Stratasys, Inc |
11,595 | |||||
| 258 |
* | Super Micro Computer, Inc |
4,092 | |||||
| 234 |
Sycamore Networks, Inc |
3,398 | ||||||
| 396 |
* | Symmetricom, Inc |
2,372 | |||||
| 424 |
*,e | Synaptics, Inc |
12,139 | |||||
| 313 |
* | SYNNEX Corp |
10,795 | |||||
| 616 |
* | Tech Data Corp |
29,673 | |||||
| 4,811 |
Tellabs, Inc |
16,021 | ||||||
| 210 |
Telular Corp |
1,940 | ||||||
| 70 |
Tessco Technologies, Inc |
1,544 | ||||||
| 1,589 |
* | Trimble Navigation Ltd |
73,110 | |||||
| 971 |
* | TTM Technologies, Inc |
9,137 | |||||
| 527 |
*,e | Universal Display Corp |
18,940 | |||||
| 529 |
* | Viasat, Inc |
19,980 | |||||
| 1,895 |
* | Vishay Intertechnology, Inc |
17,870 | |||||
| 161 |
* | Vishay Precision Group, Inc |
2,246 | |||||
| 662 |
* | Westell Technologies, Inc |
1,576 | |||||
| 3,030 |
* | Western Digital Corp |
92,354 | |||||
| 17,108 |
Xerox Corp |
134,640 | ||||||
| 721 |
* | Zebra Technologies Corp (Class A) |
24,773 | |||||
| 198 |
* | Zygo Corp |
3,536 | |||||
|
|
|
|||||||
| TOTAL TECHNOLOGY HARDWARE & EQUIPMENT |
13,607,996 | |||||||
|
|
|
|||||||
| TELECOMMUNICATION SERVICES - 2.8% |
||||||||
| 754 |
*,e | 8x8, Inc |
3,167 | |||||
67
TIAA-CREF LIFE FUNDS- Stock Index Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 407 |
AboveNet, Inc |
$ | 34,188 | |||||
| 74,453 |
AT&T, Inc |
2,654,994 | ||||||
| 105 |
Atlantic Tele-Network, Inc |
3,542 | ||||||
| 201 |
*,e | Boingo Wireless, Inc |
2,336 | |||||
| 277 |
* | Cbeyond Communications, Inc |
1,875 | |||||
| 7,773 |
CenturyTel, Inc |
306,956 | ||||||
| 3,005 |
* | Cincinnati Bell, Inc |
11,179 | |||||
| 4,469 |
*,e | Clearwire Corp (Class A) |
5,005 | |||||
| 706 |
* | Cogent Communications Group, Inc |
13,590 | |||||
| 305 |
e | Consolidated Communications Holdings, Inc |
4,514 | |||||
| 3,720 |
* | Crown Castle International Corp |
218,215 | |||||
| 269 |
*,e | Fairpoint Communications, Inc |
1,654 | |||||
| 13,108 |
e | Frontier Communications Corp |
50,204 | |||||
| 464 |
* | General Communication, Inc (Class A) |
3,856 | |||||
| 126 |
*,e | Hawaiian Telcom Holdco, Inc |
2,458 | |||||
| 170 |
HickoryTech Corp |
1,889 | ||||||
| 164 |
IDT Corp (Class B) |
1,609 | ||||||
| 380 |
* | inContact, Inc |
1,904 | |||||
| 641 |
* | Iridium Communications, Inc |
5,743 | |||||
| 710 |
*,e | Leap Wireless International, Inc |
4,565 | |||||
| 2,035 |
* | Level 3 Communications, Inc |
45,075 | |||||
| 181 |
Lumos Networks Corp |
1,710 | ||||||
| 3,750 |
* | MetroPCS Communications, Inc |
22,688 | |||||
| 391 |
* | Neutral Tandem, Inc |
5,153 | |||||
| 2,115 |
* | NII Holdings, Inc (Class B) |
21,637 | |||||
| 181 |
NTELOS Holdings Corp |
3,412 | ||||||
| 430 |
* | Orbcomm, Inc |
1,402 | |||||
| 762 |
* | Premiere Global Services, Inc |
6,393 | |||||
| 153 |
e | Primus Telecommunications Group, Inc |
2,382 | |||||
| 1,524 |
* | SBA Communications Corp (Class A) |
86,944 | |||||
| 364 |
Shenandoah Telecom Co |
4,954 | ||||||
| 38,066 |
* | Sprint Nextel Corp |
124,095 | |||||
| 180 |
SureWest Communications |
3,793 | ||||||
| 1,221 |
Telephone & Data Systems, Inc |
25,995 | ||||||
| 420 |
*,e | Towerstream Corp |
1,743 | |||||
| 1,912 |
* | tw telecom inc (Class A) |
49,062 | |||||
| 200 |
* | US Cellular Corp |
7,724 | |||||
| 250 |
USA Mobility, Inc |
3,215 | ||||||
| 36,088 |
Verizon Communications, Inc |
1,603,751 | ||||||
| 1,236 |
* | Vonage Holdings Corp |
2,484 | |||||
| 7,168 |
e | Windstream Corp |
69,243 | |||||
|
|
|
|||||||
| TOTAL TELECOMMUNICATION SERVICES |
5,426,298 | |||||||
|
|
|
|||||||
| TRANSPORTATION - 1.8% |
||||||||
| 776 |
* | Air Transport Services Group, Inc |
4,035 | |||||
| 905 |
* | Alaska Air Group, Inc |
32,489 | |||||
| 519 |
Alexander & Baldwin Holdings, Inc |
27,637 | ||||||
| 191 |
* | Allegiant Travel Co |
13,309 | |||||
| 100 |
Amerco, Inc |
8,997 | ||||||
| 300 |
Arkansas Best Corp |
3,780 | ||||||
| 331 |
* | Atlas Air Worldwide Holdings, Inc |
14,402 | |||||
| 1,259 |
* | Avis Budget Group, Inc |
19,137 | |||||
| 250 |
Celadon Group, Inc |
4,095 | ||||||
| 2,041 |
CH Robinson Worldwide, Inc |
119,460 | ||||||
| 711 |
Con-Way, Inc |
25,674 | ||||||
| 448 |
Copa Holdings S.A. (Class A) |
36,951 | ||||||
| 13,258 |
CSX Corp |
296,449 | ||||||
| 10,646 |
* | Delta Air Lines, Inc |
116,574 | |||||
| 347 |
* | Dollar Thrifty Automotive Group, Inc |
28,093 | |||||
| 134 |
* | Echo Global Logistics, Inc |
2,554 | |||||
| 2,624 |
Expeditors International Washington, Inc |
101,680 | ||||||
| 4,014 |
FedEx Corp |
367,722 | ||||||
| 548 |
Forward Air Corp |
17,684 | ||||||
| 344 |
*,e | Genco Shipping & Trading Ltd |
1,049 | |||||
| 480 |
* | Genesee & Wyoming, Inc (Class A) |
25,363 | |||||
68
TIAA-CREF LIFE FUNDS- Stock Index Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 633 |
* | Hawaiian Holdings, Inc |
$ | 4,121 | ||||
| 666 |
Heartland Express, Inc |
9,530 | ||||||
| 3,035 |
* | Hertz Global Holdings, Inc |
38,848 | |||||
| 500 |
* | Hub Group, Inc (Class A) |
18,100 | |||||
| 64 |
International Shipholding Corp |
1,207 | ||||||
| 1,134 |
J.B. Hunt Transport Services, Inc |
67,586 | ||||||
| 2,933 |
* | JetBlue Airways Corp |
15,545 | |||||
| 1,405 |
Kansas City Southern Industries, Inc |
97,732 | ||||||
| 708 |
* | Kirby Corp |
33,333 | |||||
| 691 |
Knight Transportation, Inc |
11,049 | ||||||
| 644 |
Landstar System, Inc |
33,308 | ||||||
| 384 |
Marten Transport Ltd |
8,164 | ||||||
| 4,137 |
Norfolk Southern Corp |
296,913 | ||||||
| 704 |
* | Old Dominion Freight Line |
30,476 | |||||
| 443 |
* | Pacer International, Inc |
2,401 | |||||
| 96 |
* | Park-Ohio Holdings Corp |
1,827 | |||||
| 48 |
* | Patriot Transportation Holding, Inc |
1,129 | |||||
| 772 |
* | Quality Distribution, Inc |
8,561 | |||||
| 308 |
* | RailAmerica, Inc |
7,454 | |||||
| 220 |
* | Rand Logistics, Inc |
1,870 | |||||
| 421 |
* | Republic Airways Holdings, Inc |
2,337 | |||||
| 125 |
* | Roadrunner Transportation Services Holdings, Inc |
2,111 | |||||
| 655 |
Ryder System, Inc |
23,587 | ||||||
| 133 |
* | Saia, Inc |
2,911 | |||||
| 692 |
Skywest, Inc |
4,519 | ||||||
| 9,836 |
Southwest Airlines Co |
90,688 | ||||||
| 190 |
* | Spirit Airlines, Inc |
3,697 | |||||
| 985 |
* | Swift Transportation Co, Inc |
9,308 | |||||
| 4,194 |
* | UAL Corp |
102,040 | |||||
| 6,047 |
Union Pacific Corp |
721,468 | ||||||
| 9,200 |
United Parcel Service, Inc (Class B) |
724,592 | ||||||
| 68 |
Universal Truckload Services, Inc |
1,029 | ||||||
| 2,013 |
*,e | US Airways Group, Inc |
26,833 | |||||
| 1,203 |
UTI Worldwide, Inc |
17,576 | ||||||
| 511 |
Werner Enterprises, Inc |
12,208 | ||||||
| 239 |
*,e | Wesco Aircraft Holdings, Inc |
3,042 | |||||
| 220 |
* | XPO Logistics, Inc |
3,696 | |||||
| 341 |
*,e | Zipcar, Inc |
4,000 | |||||
|
|
|
|||||||
| TOTAL TRANSPORTATION |
3,711,930 | |||||||
|
|
|
|||||||
| UTILITIES - 3.7% |
||||||||
| 8,046 |
* | AES Corp |
103,230 | |||||
| 1,470 |
AGL Resources, Inc |
56,962 | ||||||
| 597 |
Allete, Inc |
24,955 | ||||||
| 1,411 |
Alliant Energy Corp |
64,299 | ||||||
| 2,990 |
Ameren Corp |
100,285 | ||||||
| 310 |
*,e | American DG Energy, Inc |
704 | |||||
| 6,169 |
American Electric Power Co, Inc |
246,143 | ||||||
| 225 |
American States Water Co |
8,906 | ||||||
| 2,229 |
American Water Works Co, Inc |
76,410 | ||||||
| 1,767 |
Aqua America, Inc |
44,104 | ||||||
| 77 |
Artesian Resources Corp |
1,659 | ||||||
| 1,442 |
e | Atlantic Power Corp |
18,472 | |||||
| 1,110 |
Atmos Energy Corp |
38,928 | ||||||
| 749 |
Avista Corp |
19,998 | ||||||
| 557 |
Black Hills Corp |
17,919 | ||||||
| 130 |
*,e | Cadiz, Inc |
937 | |||||
| 468 |
California Water Service Group |
8,644 | ||||||
| 5,138 |
* | Calpine Corp |
84,828 | |||||
| 5,394 |
Centerpoint Energy, Inc |
111,494 | ||||||
| 250 |
CH Energy Group, Inc |
16,422 | ||||||
| 107 |
Chesapeake Utilities Corp |
4,678 | ||||||
| 757 |
Cleco Corp |
31,665 | ||||||
| 3,237 |
CMS Energy Corp |
76,069 | ||||||
| 98 |
Connecticut Water Service, Inc |
2,840 | ||||||
69
TIAA-CREF LIFE FUNDS- Stock Index Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 3,719 |
Consolidated Edison, Inc |
$ | 231,285 | |||||
| 160 |
Consolidated Water Co, Inc |
1,327 | ||||||
| 90 |
Delta Natural Gas Co, Inc |
1,956 | ||||||
| 7,199 |
Dominion Resources, Inc |
388,746 | ||||||
| 2,106 |
DTE Energy Co |
124,949 | ||||||
| 17,069 |
Duke Energy Corp |
393,611 | ||||||
| 4,138 |
Edison International |
191,176 | ||||||
| 600 |
El Paso Electric Co |
19,896 | ||||||
| 648 |
Empire District Electric Co |
13,673 | ||||||
| 2,251 |
Entergy Corp |
152,820 | ||||||
| 10,822 |
Exelon Corp |
407,124 | ||||||
| 5,213 |
FirstEnergy Corp |
256,427 | ||||||
| 164 |
Genie Energy Ltd |
1,274 | ||||||
| 1,857 |
Great Plains Energy, Inc |
39,758 | ||||||
| 1,196 |
Hawaiian Electric Industries, Inc |
34,110 | ||||||
| 750 |
Idacorp, Inc |
31,560 | ||||||
| 972 |
Integrys Energy Group, Inc |
55,278 | ||||||
| 695 |
ITC Holdings Corp |
47,892 | ||||||
| 400 |
Laclede Group, Inc |
15,924 | ||||||
| 2,402 |
MDU Resources Group, Inc |
51,907 | ||||||
| 419 |
MGE Energy, Inc |
19,819 | ||||||
| 155 |
Middlesex Water Co |
2,945 | ||||||
| 960 |
National Fuel Gas Co |
45,101 | ||||||
| 646 |
New Jersey Resources Corp |
28,172 | ||||||
| 5,297 |
NextEra Energy, Inc |
364,487 | ||||||
| 3,472 |
NiSource, Inc |
85,932 | ||||||
| 3,861 |
Northeast Utilities |
149,845 | ||||||
| 333 |
Northwest Natural Gas Co |
15,851 | ||||||
| 435 |
NorthWestern Corp |
15,965 | ||||||
| 2,998 |
* | NRG Energy, Inc |
52,045 | |||||
| 2,932 |
NV Energy, Inc |
51,545 | ||||||
| 1,291 |
OGE Energy Corp |
66,861 | ||||||
| 2,664 |
Oneok, Inc |
112,714 | ||||||
| 240 |
e | Ormat Technologies, Inc |
5,134 | |||||
| 540 |
Otter Tail Corp |
12,350 | ||||||
| 2,810 |
Pepco Holdings, Inc |
54,992 | ||||||
| 5,405 |
PG&E Corp |
244,684 | ||||||
| 938 |
Piedmont Natural Gas Co, Inc |
30,194 | ||||||
| 1,348 |
Pinnacle West Capital Corp |
69,745 | ||||||
| 1,049 |
PNM Resources, Inc |
20,497 | ||||||
| 1,142 |
Portland General Electric Co |
30,446 | ||||||
| 7,253 |
PPL Corp |
201,706 | ||||||
| 3,757 |
Progress Energy, Inc |
226,059 | ||||||
| 6,478 |
Public Service Enterprise Group, Inc |
210,535 | ||||||
| 2,262 |
Questar Corp |
47,185 | ||||||
| 9,167 |
* | RRI Energy, Inc |
15,676 | |||||
| 1,500 |
SCANA Corp |
71,760 | ||||||
| 3,061 |
Sempra Energy |
210,842 | ||||||
| 138 |
SJW Corp |
3,313 | ||||||
| 487 |
South Jersey Industries, Inc |
24,822 | ||||||
| 10,807 |
Southern Co |
500,364 | ||||||
| 587 |
Southwest Gas Corp |
25,623 | ||||||
| 2,675 |
TECO Energy, Inc |
48,310 | ||||||
| 1,412 |
UGI Corp |
41,555 | ||||||
| 895 |
UIL Holdings Corp |
32,095 | ||||||
| 126 |
Unitil Corp |
3,339 | ||||||
| 511 |
UNS Energy Corp |
19,627 | ||||||
| 980 |
Vectren Corp |
28,930 | ||||||
| 1,603 |
Westar Energy, Inc |
48,010 | ||||||
| 637 |
WGL Holdings, Inc |
25,321 | ||||||
| 2,979 |
Wisconsin Energy Corp |
117,879 | ||||||
| 6,137 |
Xcel Energy, Inc |
174,352 | ||||||
| 142 |
e | York Water Co |
2,540 | |||||
|
|
|
|||||||
| TOTAL UTILITIES |
7,180,411 | |||||||
|
|
|
|||||||
70
TIAA-CREF LIFE FUNDS- Stock Index Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| TOTAL COMMON STOCKS (Cost $166,107,324) |
$ | 191,698,860 | ||||||
|
|
|
|||||||
| RIGHTS / WARRANTS - 0.0% |
||||||||
| BANKS - 0.0% |
||||||||
| 120 |
Hampton Roads Bankshares, Inc |
87 | ||||||
| 120 |
Hampton Roads Bankshares, Inc (2nd Entitlements) |
0 | ||||||
|
|
|
|||||||
| TOTAL BANKS |
87 | |||||||
|
|
|
|||||||
| ENERGY - 0.0% |
||||||||
| 178 |
e,m | Magnum Hunter Resources Corp |
0 | |||||
|
|
|
|||||||
| TOTAL ENERGY |
0 | |||||||
|
|
|
|||||||
| TOTAL RIGHTS / WARRANTS (Cost $0) |
87 | |||||||
|
|
|
|||||||
| SHORT-TERM INVESTMENTS - 2.4% |
||||||||
| INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 2.4% |
||||||||
| 4,563,556 |
c | TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust |
4,563,556 | |||||
|
|
|
|||||||
| TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES |
4,563,556 | |||||||
|
|
|
|||||||
| TOTAL SHORT-TERM INVESTMENTS (Cost $4,563,556) |
4,563,556 | |||||||
|
|
|
|||||||
| TOTAL INVESTMENTS - 101.8% (Cost $170,670,880) |
196,262,503 | |||||||
| OTHER ASSETS & LIABILITIES, NET - (1.8)% |
(3,434,556 | ) | ||||||
|
|
|
|||||||
| NET ASSETS - 100.0% |
$ | 192,827,947 | ||||||
|
|
|
|||||||
Abbreviation(s):
| REIT | Real Estate Investment Trust |
| * | 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 by the custodian to cover margin or other requirements on open futures transactions. |
| e | All or a portion of these securities are out on loan. The aggregate value of securities on loan is $4,551,522. |
| m | Indicates a security that has been deemed illiquid. |
71
TIAA-CREF LIFE FUNDS - Social Choice Equity Fund
TIAA-CREF LIFE FUNDS
SOCIAL CHOICE EQUITY FUND
SCHEDULE OF INVESTMENTS (Unaudited)
June 30, 2012
|
SHARES |
COMPANY |
VALUE | ||||||
| COMMON STOCKS - 99.3% |
||||||||
| AUTOMOBILES & COMPONENTS - 1.3% |
||||||||
| 749 |
* | American Axle & Manufacturing Holdings, Inc |
$ | 7,857 | ||||
| 325 |
* | BorgWarner, Inc |
21,317 | |||||
| 20,194 |
Ford Motor Co |
193,661 | ||||||
| 64 |
* | Fuel Systems Solutions, Inc |
1,068 | |||||
| 1,866 |
Harley-Davidson, Inc |
85,332 | ||||||
| 5,972 |
Johnson Controls, Inc |
165,484 | ||||||
| 292 |
* | Modine Manufacturing Co |
2,024 | |||||
| 202 |
Spartan Motors, Inc |
1,059 | ||||||
| 339 |
Superior Industries International, Inc |
5,549 | ||||||
| 853 |
* | Tenneco, Inc |
22,877 | |||||
| 326 |
* | WABCO Holdings, Inc |
17,255 | |||||
|
|
|
|||||||
| TOTAL AUTOMOBILES & COMPONENTS |
523,483 | |||||||
|
|
|
|||||||
| BANKS - 3.2% |
||||||||
| 46 |
Associated Banc-Corp |
607 | ||||||
| 196 |
Bank of Hawaii Corp |
9,006 | ||||||
| 8,225 |
BB&T Corp |
253,741 | ||||||
| 363 |
CapitalSource, Inc |
2,439 | ||||||
| 38 |
Capitol Federal Financial |
452 | ||||||
| 72 |
Centerstate Banks of Florida, Inc |
515 | ||||||
| 513 |
* | Citizens Republic Bancorp, Inc |
8,788 | |||||
| 1,303 |
Comerica, Inc |
40,015 | ||||||
| 22 |
Community Bank System, Inc |
597 | ||||||
| 69 |
Cullen/Frost Bankers, Inc |
3,967 | ||||||
| 880 |
First Horizon National Corp |
7,612 | ||||||
| 34 |
Home Federal Bancorp, Inc |
357 | ||||||
| 1,717 |
Hudson City Bancorp, Inc |
10,937 | ||||||
| 1,357 |
Huntington Bancshares, Inc |
8,685 | ||||||
| 9,626 |
Keycorp |
74,505 | ||||||
| 1,250 |
M&T Bank Corp |
103,212 | ||||||
| 161 |
MainSource Financial Group, Inc |
1,905 | ||||||
| 1,196 |
New York Community Bancorp, Inc |
14,986 | ||||||
| 145 |
Old National Bancorp |
1,741 | ||||||
| 18 |
Peoples Bancorp, Inc |
396 | ||||||
| 189 |
People’s United Financial, Inc |
2,194 | ||||||
| 4,452 |
PNC Financial Services Group, Inc |
272,062 | ||||||
| 355 |
Provident Financial Services, Inc |
5,449 | ||||||
| 220 |
Radian Group, Inc |
724 | ||||||
| 10,988 |
Regions Financial Corp |
74,169 | ||||||
| 223 |
* | SVB Financial Group |
13,094 | |||||
| 31 |
TCF Financial Corp |
356 | ||||||
| 10,756 |
US Bancorp |
345,913 | ||||||
| 107 |
Webster Financial Corp |
2,317 | ||||||
| 290 |
Zions Bancorporation |
5,633 | ||||||
|
|
|
|||||||
| TOTAL BANKS | 1,266,374 | |||||||
|
|
|
|||||||
| CAPITAL GOODS - 8.1% |
||||||||
| 3,910 |
3M Co |
350,336 | ||||||
| 89 |
A.O. Smith Corp |
4,351 | ||||||
| 103 |
Actuant Corp (Class A) |
2,798 | ||||||
| 39 |
Acuity Brands, Inc |
1,986 | ||||||
| 19 |
* | American Superconductor Corp |
89 | |||||
| 3,457 |
Ametek, Inc |
172,539 | ||||||
| 100 |
Apogee Enterprises, Inc |
1,607 | ||||||
| 17 |
Applied Industrial Technologies, Inc |
627 | ||||||
| 400 |
* | ArvinMeritor, Inc |
2,088 | |||||
| 90 |
* | Astec Industries, Inc |
2,761 | |||||
72
TIAA-CREF LIFE FUNDS - Social Choice Equity Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 963 |
Barnes Group, Inc |
$ | 23,391 | |||||
| 200 |
Briggs & Stratton Corp |
3,498 | ||||||
| 515 |
* | Builders FirstSource, Inc |
2,441 | |||||
| 33 |
* | Chart Industries, Inc |
2,269 | |||||
| 12 |
Clarcor, Inc |
578 | ||||||
| 81 |
* | Colfax Corp |
2,233 | |||||
| 403 |
Cooper Industries plc |
27,477 | ||||||
| 1,664 |
Cummins, Inc |
161,258 | ||||||
| 4,977 |
Danaher Corp |
259,202 | ||||||
| 2,940 |
Deere & Co |
237,758 | ||||||
| 531 |
Dover Corp |
28,467 | ||||||
| 2,383 |
Eaton Corp |
94,438 | ||||||
| 5,628 |
Emerson Electric Co |
262,152 | ||||||
| 1,133 |
Fastenal Co |
45,671 | ||||||
| 312 |
* | FuelCell Energy, Inc |
315 | |||||
| 17 |
Gardner Denver, Inc |
899 | ||||||
| 350 |
* | Gibraltar Industries, Inc |
3,633 | |||||
| 548 |
Graco, Inc |
25,252 | ||||||
| 377 |
* | GrafTech International Ltd |
3,638 | |||||
| 117 |
* | Hexcel Corp |
3,017 | |||||
| 4,428 |
Illinois Tool Works, Inc |
234,197 | ||||||
| 1,052 |
Ingersoll-Rand plc |
44,373 | ||||||
| 55 |
Insteel Industries, Inc |
614 | ||||||
| 80 |
* | Layne Christensen Co |
1,655 | |||||
| 301 |
LB Foster Co (Class A) |
8,612 | ||||||
| 176 |
Lincoln Electric Holdings, Inc |
7,707 | ||||||
| 3,652 |
Masco Corp |
50,653 | ||||||
| 59 |
MSC Industrial Direct Co (Class A) |
3,868 | ||||||
| 905 |
* | NCI Building Systems, Inc |
9,801 | |||||
| 1,172 |
Nordson Corp |
60,112 | ||||||
| 1,302 |
* | Owens Corning, Inc |
37,159 | |||||
| 2,247 |
Paccar, Inc |
88,060 | ||||||
| 380 |
Pall Corp |
20,828 | ||||||
| 274 |
Parker Hannifin Corp |
21,065 | ||||||
| 245 |
Pentair, Inc |
9,379 | ||||||
| 342 |
* | Polypore International, Inc |
13,813 | |||||
| 1,507 |
Precision Castparts Corp |
247,886 | ||||||
| 240 |
Quanex Building Products Corp |
4,291 | ||||||
| 937 |
* | Quanta Services, Inc |
22,554 | |||||
| 741 |
Rockwell Automation, Inc |
48,950 | ||||||
| 337 |
Rockwell Collins, Inc |
16,631 | ||||||
| 400 |
Roper Industries, Inc |
39,432 | ||||||
| 15 |
Simpson Manufacturing Co, Inc |
443 | ||||||
| 147 |
Snap-On, Inc |
9,151 | ||||||
| 1,656 |
* | Spirit Aerosystems Holdings, Inc (Class A) |
39,463 | |||||
| 832 |
Tennant Co |
33,238 | ||||||
| 143 |
Timken Co |
6,548 | ||||||
| 3,655 |
Tyco International Ltd |
193,167 | ||||||
| 306 |
* | United Rentals, Inc |
10,416 | |||||
| 383 |
* | USG Corp |
7,296 | |||||
| 23 |
Valmont Industries, Inc |
2,782 | ||||||
| 962 |
W.W. Grainger, Inc |
183,973 | ||||||
| 8 |
Watsco, Inc |
590 | ||||||
| 215 |
* | WESCO International, Inc |
12,373 | |||||
| 348 |
Westinghouse Air Brake Technologies Corp |
27,147 | ||||||
| 86 |
Xylem, Inc |
2,165 | ||||||
|
|
|
|||||||
| TOTAL CAPITAL GOODS |
3,247,161 | |||||||
|
|
|
|||||||
| COMMERCIAL & PROFESSIONAL SERVICES - 0.7% |
||||||||
| 1,554 |
* | ACCO Brands Corp |
16,068 | |||||
| 1,453 |
Avery Dennison Corp |
39,725 | ||||||
| 42 |
Corporate Executive Board Co |
1,717 | ||||||
| 160 |
Deluxe Corp |
3,990 | ||||||
| 650 |
Dun & Bradstreet Corp |
46,261 | ||||||
| 176 |
Equifax, Inc |
8,202 | ||||||
73
TIAA-CREF LIFE FUNDS - Social Choice Equity Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 68 |
Herman Miller, Inc |
$ | 1,259 | |||||
| 168 |
HNI Corp |
4,326 | ||||||
| 73 |
* | IHS, Inc (Class A) |
7,864 | |||||
| 885 |
Iron Mountain, Inc |
29,170 | ||||||
| 238 |
Manpower, Inc |
8,723 | ||||||
| 266 |
Pitney Bowes, Inc |
3,982 | ||||||
| 1,278 |
Robert Half International, Inc |
36,512 | ||||||
| 318 |
* | Tetra Tech, Inc |
8,294 | |||||
| 1,392 |
Waste Management, Inc |
46,493 | ||||||
|
|
|
|||||||
| TOTAL COMMERCIAL & PROFESSIONAL SERVICES |
262,586 | |||||||
|
|
|
|||||||
| CONSUMER DURABLES & APPAREL - 1.1% |
||||||||
| 200 |
Callaway Golf Co |
1,182 | ||||||
| 91 |
* | Carter’s, Inc |
4,787 | |||||
| 5 |
Columbia Sportswear Co |
268 | ||||||
| 14 |
* | Deckers Outdoor Corp |
616 | |||||
| 13 |
Hasbro, Inc |
440 | ||||||
| 16 |
* | Iconix Brand Group, Inc |
280 | |||||
| 4,163 |
Mattel, Inc |
135,048 | ||||||
| 76 |
* | Mohawk Industries, Inc |
5,307 | |||||
| 200 |
Movado Group, Inc |
5,004 | ||||||
| 2,490 |
Nike, Inc (Class B) |
218,572 | ||||||
| 152 |
Oxford Industries, Inc |
6,794 | ||||||
| 217 |
Ryland Group, Inc |
5,551 | ||||||
| 71 |
* | Tempur-Pedic International, Inc |
1,661 | |||||
| 7 |
True Religion Apparel, Inc |
203 | ||||||
| 128 |
Tupperware Corp | 7,009 | ||||||
| 101 |
* | Under Armour, Inc (Class A) | 9,542 | |||||
| 310 |
VF Corp | 41,370 | ||||||
| 7 |
* | Warnaco Group, Inc | 298 | |||||
|
|
|
|||||||
| TOTAL CONSUMER DURABLES & APPAREL | 443,932 | |||||||
|
|
|
|||||||
| CONSUMER SERVICES - 2.5% |
||||||||
| 288 |
* | AFC Enterprises | 6,664 | |||||
| 55 |
Bob Evans Farms, Inc | 2,211 | ||||||
| 200 |
Brinker International, Inc | 6,374 | ||||||
| 61 |
* | Chipotle Mexican Grill, Inc (Class A) | 23,177 | |||||
| 816 |
Choice Hotels International, Inc | 32,583 | ||||||
| 69 |
* | Coinstar, Inc | 4,738 | |||||
| 695 |
Darden Restaurants, Inc | 35,188 | ||||||
| 13 |
* | DineEquity, Inc | 580 | |||||
| 128 |
Domino’s Pizza, Inc | 3,956 | ||||||
| 60 |
Dunkin Brands Group, Inc | 2,060 | ||||||
| 646 |
* | Gaylord Entertainment Co | 24,910 | |||||
| 2,911 |
Marriott International, Inc (Class A) | 114,111 | ||||||
| 4,695 |
McDonald’s Corp | 415,648 | ||||||
| 29 |
* | Panera Bread Co (Class A) | 4,044 | |||||
| 266 |
Royal Caribbean Cruises Ltd | 6,924 | ||||||
| 177 |
* | Sonic Corp | 1,774 | |||||
| 5,443 |
Starbucks Corp | 290,221 | ||||||
| 1,068 |
Starwood Hotels & Resorts Worldwide, Inc | 56,647 | ||||||
| 6 |
Vail Resorts, Inc | 301 | ||||||
|
|
|
|||||||
| TOTAL CONSUMER SERVICES | 1,032,111 | |||||||
|
|
|
|||||||
| DIVERSIFIED FINANCIALS - 6.3% |
||||||||
| 2,183 |
* | American Capital Ltd | 21,983 | |||||
| 5,922 |
American Express Co | 344,720 | ||||||
| 1,543 |
Ameriprise Financial, Inc | 80,637 | ||||||
| 10,701 |
Bank of New York Mellon Corp | 234,887 | ||||||
| 1,158 |
BlackRock, Inc | 196,651 | ||||||
| 4,874 |
Capital One Financial Corp | 266,413 | ||||||
| 11,299 |
Charles Schwab Corp | 146,096 | ||||||
| 491 |
CME Group, Inc | 131,642 | ||||||
| 5,399 |
Discover Financial Services | 186,697 | ||||||
| 144 |
Eaton Vance Corp | 3,881 | ||||||
| 363 |
Evercore Partners, Inc (Class A) | 8,491 | ||||||
74
TIAA-CREF LIFE FUNDS - Social Choice Equity Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 1,926 |
Franklin Resources, Inc | $ | 213,767 | |||||
| 733 |
* | IntercontinentalExchange, Inc | 99,673 | |||||
| 3,992 |
Invesco Ltd | 90,219 | ||||||
| 466 |
Janus Capital Group, Inc | 3,644 | ||||||
| 566 |
Legg Mason, Inc | 14,925 | ||||||
| 672 |
Nasdaq Stock Market, Inc | 15,234 | ||||||
| 1,111 |
* | NewStar Financial, Inc | 14,399 | |||||
| 1,881 |
Northern Trust Corp | 86,564 | ||||||
| 1,978 |
NYSE Euronext | 50,597 | ||||||
| 176 |
* | PHH Corp | 3,077 | |||||
| 3,861 |
State Street Corp | 172,355 | ||||||
| 2,269 |
T Rowe Price Group, Inc | 142,856 | ||||||
| 123 |
Triangle Capital Corp | 2,802 | ||||||
|
|
|
|||||||
| TOTAL DIVERSIFIED FINANCIALS | 2,532,210 | |||||||
|
|
|
|||||||
| ENERGY - 8.4% |
||||||||
| 128 |
Alon USA Energy, Inc | 1,083 | ||||||
| 2,492 |
Apache Corp | 219,022 | ||||||
| 1,749 |
* | ATP Oil & Gas Corp | 5,912 | |||||
| 108 |
* | Atwood Oceanics, Inc | 4,087 | |||||
| 113 |
* | C&J Energy Services, Inc | 2,090 | |||||
| 2,135 |
* | Cameron International Corp | 91,186 | |||||
| 181 |
CARBO Ceramics, Inc | 13,888 | ||||||
| 40 |
* | Carrizo Oil & Gas, Inc | 940 | |||||
| 1,448 |
* | Cheniere Energy, Inc | 21,344 | |||||
| 3,583 |
Chesapeake Energy Corp | 66,644 | ||||||
| 776 |
Cimarex Energy Co | 42,773 | ||||||
| 1,962 |
* | Clean Energy Fuels Corp | 30,411 | |||||
| 246 |
* | Comstock Resources, Inc | 4,039 | |||||
| 232 |
* | Concho Resources, Inc | 19,748 | |||||
| 344 |
* | Contango Oil & Gas Co | 20,365 | |||||
| 1,156 |
* | Continental Resources, Inc | 77,013 | |||||
| 1,646 |
Crosstex Energy, Inc | 23,044 | ||||||
| 135 |
* | CVR Energy, Inc | 3,588 | |||||
| 980 |
* | CVR Energy, Inc (Contingent value right) | 0 | |||||
| 112 |
* | Dawson Geophysical Co | 2,668 | |||||
| 3,831 |
* | Denbury Resources, Inc | 57,886 | |||||
| 3,415 |
* | Devon Energy Corp | 198,036 | |||||
| 95 |
* | Dresser-Rand Group, Inc | 4,231 | |||||
| 2,575 |
EOG Resources, Inc | 232,033 | ||||||
| 2,538 |
Equitable Resources, Inc | 136,113 | ||||||
| 49 |
* | Exterran Holdings, Inc | 625 | |||||
| 2,419 |
* | FMC Technologies, Inc | 94,897 | |||||
| 512 |
* | Goodrich Petroleum Corp | 7,096 | |||||
| 166 |
Gulf Island Fabrication, Inc | 4,683 | ||||||
| 1,203 |
* | Hercules Offshore, Inc | 4,259 | |||||
| 2,896 |
Hess Corp | 125,831 | ||||||
| 1,199 |
* | Hornbeck Offshore Services, Inc | 46,497 | |||||
| 564 |
* | ION Geophysical Corp | 3,717 | |||||
| 344 |
* | Key Energy Services, Inc | 2,614 | |||||
| 255 |
* | Kinder Morgan Management LLC | 18,722 | |||||
| 5,337 |
* | Kodiak Oil & Gas Corp | 43,817 | |||||
| 5,925 |
Marathon Oil Corp | 151,502 | ||||||
| 159 |
* | Matrix Service Co | 1,805 | |||||
| 3,775 |
National Oilwell Varco, Inc | 243,261 | ||||||
| 103 |
* | Natural Gas Services Group, Inc | 1,526 | |||||
| 871 |
* | Newfield Exploration Co | 25,529 | |||||
| 1,424 |
Noble Corp | 46,323 | ||||||
| 2,353 |
Noble Energy, Inc | 199,582 | ||||||
| 230 |
* | Northern Oil And Gas, Inc | 3,666 | |||||
| 166 |
* | Oasis Petroleum, Inc | 4,014 | |||||
| 307 |
Oceaneering International, Inc | 14,693 | ||||||
| 227 |
* | Oil States International, Inc | 15,027 | |||||
| 33 |
* | OYO Geospace Corp | 2,970 | |||||
| 753 |
* | Parker Drilling Co | 3,396 | |||||
75
TIAA-CREF LIFE FUNDS - Social Choice Equity Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 259 |
* | PDC Energy, Inc | $ | 6,351 | ||||
| 415 |
* | Petroquest Energy, Inc | 2,075 | |||||
| 697 |
* | Pioneer Drilling Co | 5,555 | |||||
| 1,595 |
Pioneer Natural Resources Co | 140,695 | ||||||
| 290 |
* | Plains Exploration & Production Co | 10,202 | |||||
| 2,262 |
Questar Market Resources, Inc | 67,792 | ||||||
| 846 |
* | Quicksilver Resources, Inc | 4,585 | |||||
| 1,135 |
Range Resources Corp | 70,222 | ||||||
| 7,841 |
* | Rentech, Inc | 16,153 | |||||
| 233 |
* | Rex Energy Corp | 2,612 | |||||
| 5 |
SEACOR Holdings, Inc | 447 | ||||||
| 2,662 |
* | Southwestern Energy Co | 84,998 | |||||
| 7,556 |
Spectra Energy Corp | 219,577 | ||||||
| 858 |
St. Mary Land & Exploration Co | 42,136 | ||||||
| 582 |
Sunoco, Inc | 27,645 | ||||||
| 695 |
* | Superior Energy Services | 14,060 | |||||
| 67 |
Tidewater, Inc | 3,106 | ||||||
| 640 |
* | Ultra Petroleum Corp | 14,765 | |||||
| 367 |
* | Unit Corp | 13,539 | |||||
| 7,360 |
* | Weatherford International Ltd | 92,957 | |||||
| 2,525 |
Western Refining, Inc | 56,232 | ||||||
| 1,026 |
* | Whiting Petroleum Corp | 42,189 | |||||
| 3,496 |
Williams Cos, Inc | 100,754 | ||||||
|
|
|
|||||||
| TOTAL ENERGY | 3,382,843 | |||||||
|
|
|
|||||||
| FOOD & STAPLES RETAILING - 0.9% |
||||||||
| 11 |
Casey’s General Stores, Inc | 649 | ||||||
| 8 |
Harris Teeter Supermarkets, Inc | 328 | ||||||
| 2,965 |
Kroger Co | 68,758 | ||||||
| 2,516 |
Safeway, Inc | 45,665 | ||||||
| 128 |
Spartan Stores, Inc | 2,321 | ||||||
| 6,388 |
Sysco Corp | 190,426 | ||||||
| 733 |
Whole Foods Market, Inc | 69,870 | ||||||
|
|
|
|||||||
| TOTAL FOOD & STAPLES RETAILING | 378,017 | |||||||
|
|
|
|||||||
| FOOD, BEVERAGE & TOBACCO - 4.5% |
||||||||
| 125 |
Bunge Ltd | 7,842 | ||||||
| 2,543 |
Campbell Soup Co | 84,885 | ||||||
| 1,029 |
ConAgra Foods, Inc | 26,682 | ||||||
| 151 |
* | Darling International, Inc | 2,490 | |||||
| 5,570 |
* | DE Master Blenders 1753 NV | 62,805 | |||||
| 240 |
Dr Pepper Snapple Group, Inc | 10,500 | ||||||
| 6,404 |
General Mills, Inc | 246,810 | ||||||
| 554 |
* | Green Mountain Coffee Roasters, Inc | 12,066 | |||||
| 3,481 |
H.J. Heinz Co | 189,297 | ||||||
| 45 |
* | Hain Celestial Group, Inc | 2,477 | |||||
| 1,114 |
* | Hillshire Brands Co | 32,295 | |||||
| 168 |
Hormel Foods Corp | 5,111 | ||||||
| 312 |
J.M. Smucker Co | 23,562 | ||||||
| 4,342 |
Kellogg Co | 214,191 | ||||||
| 9,370 |
Kraft Foods, Inc (Class A) | 361,869 | ||||||
| 51 |
Lancaster Colony Corp | 3,632 | ||||||
| 194 |
McCormick & Co, Inc | 11,766 | ||||||
| 584 |
Mead Johnson Nutrition Co | 47,018 | ||||||
| 188 |
* | Monster Beverage Corp | 13,385 | |||||
| 6,774 |
PepsiCo, Inc | 478,651 | ||||||
| 82 |
Tootsie Roll Industries, Inc | 1,957 | ||||||
|
|
|
|||||||
| TOTAL FOOD, BEVERAGE & TOBACCO | 1,839,291 | |||||||
|
|
|
|||||||
| HEALTH CARE EQUIPMENT & SERVICES - 3.6% |
||||||||
| 209 |
* | Accretive Health, Inc | 2,291 | |||||
| 3,561 |
Aetna, Inc | 138,060 | ||||||
| 113 |
* | Amerigroup Corp | 7,448 | |||||
| 55 |
* | Amsurg Corp | 1,649 | |||||
| 4,955 |
Baxter International, Inc | 263,358 | ||||||
| 2,535 |
Becton Dickinson & Co | 189,491 | ||||||
76
TIAA-CREF LIFE FUNDS - Social Choice Equity Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 29 |
* | Catalyst Health Solutions, Inc | $ | 2,710 | ||||
| 432 |
* | Centene Corp | 13,029 | |||||
| 41 |
Chemed Corp | 2,478 | ||||||
| 1,469 |
Cigna Corp | 64,636 | ||||||
| 121 |
* | Edwards Lifesciences Corp | 12,499 | |||||
| 49 |
* | Gen-Probe, Inc | 4,028 | |||||
| 85 |
* | Greatbatch, Inc | 1,930 | |||||
| 147 |
* | Henry Schein, Inc | 11,538 | |||||
| 570 |
Hill-Rom Holdings, Inc | 17,585 | ||||||
| 84 |
* | HMS Holdings Corp | 2,798 | |||||
| 945 |
Humana, Inc | 73,181 | ||||||
| 337 |
* | Idexx Laboratories, Inc | 32,396 | |||||
| 33 |
Invacare Corp | 509 | ||||||
| 479 |
* | Inverness Medical Innovations, Inc | 9,312 | |||||
| 434 |
* | LifePoint Hospitals, Inc | 17,785 | |||||
| 80 |
* | MAKO Surgical Corp | 2,049 | |||||
| 7,530 |
Medtronic, Inc | 291,637 | ||||||
| 438 |
* | Molina Healthcare, Inc | 10,275 | |||||
| 70 |
* | MWI Veterinary Supply, Inc | 7,194 | |||||
| 61 |
Owens & Minor, Inc | 1,868 | ||||||
| 96 |
* | Palomar Medical Technologies, Inc | 816 | |||||
| 674 |
Patterson Cos, Inc | 23,233 | ||||||
| 307 |
* | Resmed, Inc | 9,578 | |||||
| 293 |
STERIS Corp | 9,192 | ||||||
| 3,463 |
WellPoint, Inc | 220,905 | ||||||
|
|
|
|||||||
| TOTAL HEALTH CARE EQUIPMENT & SERVICES | 1,445,458 | |||||||
|
|
|
|||||||
| HOUSEHOLD & PERSONAL PRODUCTS - 3.5% |
||||||||
| 1,491 |
Avon Products, Inc | 24,169 | ||||||
| 320 |
Clorox Co | 23,187 | ||||||
| 3,044 |
Colgate-Palmolive Co | 316,880 | ||||||
| 2,225 |
Estee Lauder Cos (Class A) | 120,417 | ||||||
| 179 |
Herbalife Ltd | 8,651 | ||||||
| 3,199 |
Kimberly-Clark Corp | 267,980 | ||||||
| 350 |
* | Medifast, Inc | 6,888 | |||||
| 124 |
Nu Skin Enterprises, Inc (Class A) | 5,816 | ||||||
| 10,166 |
Procter & Gamble Co | 622,668 | ||||||
|
|
|
|||||||
| TOTAL HOUSEHOLD & PERSONAL PRODUCTS | 1,396,656 | |||||||
|
|
|
|||||||
| INSURANCE - 5.8% |
||||||||
| 3,485 |
ACE Ltd | 258,343 | ||||||
| 4,736 |
Aflac, Inc | 201,706 | ||||||
| 487 |
* | Arch Capital Group Ltd | 19,329 | |||||
| 105 |
Arthur J. Gallagher & Co | 3,682 | ||||||
| 1,032 |
Aspen Insurance Holdings Ltd | 29,825 | ||||||
| 809 |
Assurant, Inc | 28,186 | ||||||
| 239 |
Axis Capital Holdings Ltd | 7,779 | ||||||
| 6,946 |
* | Berkshire Hathaway, Inc (Class B) | 578,810 | |||||
| 3,341 |
Chubb Corp | 243,292 | ||||||
| 3,506 |
Cincinnati Financial Corp | 133,473 | ||||||
| 429 |
Endurance Specialty Holdings Ltd | 16,439 | ||||||
| 4,803 |
* | Genworth Financial, Inc (Class A) | 27,185 | |||||
| 41 |
* | Markel Corp | 18,110 | |||||
| 782 |
Marsh & McLennan Cos, Inc | 25,204 | ||||||
| 969 |
Montpelier Re Holdings Ltd | 20,630 | ||||||
| 436 |
* | National Financial Partners Corp | 5,842 | |||||
| 107 |
PartnerRe Ltd | 8,097 | ||||||
| 3,435 |
* | Phoenix Cos, Inc | 6,355 | |||||
| 414 |
Platinum Underwriters Holdings Ltd | 15,773 | ||||||
| 2,822 |
Principal Financial Group | 74,021 | ||||||
| 7 |
ProAssurance Corp | 624 | ||||||
| 7,333 |
Progressive Corp | 152,746 | ||||||
| 300 |
Protective Life Corp | 8,823 | ||||||
| 4,134 |
Prudential Financial, Inc | 200,210 | ||||||
| 40 |
RenaissanceRe Holdings Ltd | 3,040 | ||||||
77
TIAA-CREF LIFE FUNDS - Social Choice Equity Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 8 |
RLI Corp | $ | 546 | |||||
| 18 |
Selective Insurance Group, Inc | 313 | ||||||
| 36 |
Stancorp Financial Group, Inc | 1,338 | ||||||
| 3,871 |
Travelers Cos, Inc | 247,125 | ||||||
|
|
|
|||||||
| TOTAL INSURANCE | 2,336,846 | |||||||
|
|
|
|||||||
| MATERIALS - 5.0% |
||||||||
| 19 |
* | AEP Industries, Inc | 827 | |||||
| 2,440 |
Air Products & Chemicals, Inc | 196,981 | ||||||
| 7,098 |
Alcoa, Inc | 62,108 | ||||||
| 546 |
Allegheny Technologies, Inc | 17,412 | ||||||
| 1,222 |
* | Allied Nevada Gold Corp | 34,680 | |||||
| 949 |
AMCOL International Corp | 26,866 | ||||||
| 204 |
Aptargroup, Inc | 10,414 | ||||||
| 497 |
Ball Corp | 20,402 | ||||||
| 711 |
Bemis Co, Inc | 22,283 | ||||||
| 442 |
Buckeye Technologies, Inc | 12,593 | ||||||
| 64 |
Carpenter Technology Corp | 3,062 | ||||||
| 350 |
Celanese Corp (Series A) | 12,117 | ||||||
| 18 |
* | Clearwater Paper Corp | 614 | |||||
| 1,669 |
Cleveland-Cliffs, Inc | 82,265 | ||||||
| 1,372 |
* | Coeur d’Alene Mines Corp | 24,092 | |||||
| 1,032 |
Commercial Metals Co | 13,045 | ||||||
| 110 |
Compass Minerals International, Inc | 8,391 | ||||||
| 46 |
Domtar Corp | 3,529 | ||||||
| 287 |
Eastman Chemical Co | 14,456 | ||||||
| 3,353 |
Ecolab, Inc | 229,781 | ||||||
| 265 |
* | Flotek Industries, Inc | 2,475 | |||||
| 609 |
* | General Moly, Inc | 1,912 | |||||
| 682 |
H.B. Fuller Co | 20,937 | ||||||
| 182 |
Innophos Holdings, Inc | 10,276 | ||||||
| 72 |
International Flavors & Fragrances, Inc | 3,946 | ||||||
| 1,828 |
International Paper Co | 52,847 | ||||||
| 97 |
* | Landec Corp | 830 | |||||
| 1,359 |
* | Louisiana-Pacific Corp | 14,786 | |||||
| 5,454 |
LyondellBasell Industries AF S.C.A | 219,633 | ||||||
| 153 |
* | McEwen Mining, Inc | 461 | |||||
| 1,688 |
MeadWestvaco Corp | 48,530 | ||||||
| 196 |
Minerals Technologies, Inc | 12,501 | ||||||
| 286 |
* | Molycorp, Inc | 6,163 | |||||
| 4,198 |
Nucor Corp | 159,104 | ||||||
| 506 |
* | Owens-Illinois, Inc | 9,700 | |||||
| 2,497 |
Praxair, Inc | 271,499 | ||||||
| 54 |
Rock-Tenn Co (Class A) | 2,946 | ||||||
| 124 |
Rockwood Holdings, Inc | 5,499 | ||||||
| 1,141 |
Royal Gold, Inc | 89,454 | ||||||
| 157 |
Sealed Air Corp | 2,424 | ||||||
| 241 |
Sherwin-Williams Co | 31,896 | ||||||
| 1,694 |
Sigma-Aldrich Corp | 125,238 | ||||||
| 869 |
Sonoco Products Co | 26,200 | ||||||
| 586 |
* | Stillwater Mining Co | 5,005 | |||||
| 231 |
* | SunCoke Energy, Inc | 3,384 | |||||
| 572 |
Titanium Metals Corp | 6,469 | ||||||
| 500 |
Tredegar Corp | 7,280 | ||||||
| 473 |
Valspar Corp | 24,828 | ||||||
| 79 |
Wausau Paper Corp | 769 | ||||||
| 116 |
Westlake Chemical Corp | 6,062 | ||||||
| 2,370 |
Worthington Industries, Inc | 48,514 | ||||||
|
|
|
|||||||
| TOTAL MATERIALS | 2,017,486 | |||||||
|
|
|
|||||||
| MEDIA - 2.3% |
||||||||
| 1,465 |
Cablevision Systems Corp (Class A) | 19,470 | ||||||
| 156 |
Cinemark Holdings, Inc | 3,565 | ||||||
| 24 |
* | Digital Generation, Inc | 297 | |||||
| 3,409 |
* | Discovery Communications, Inc (Class A) | 184,086 | |||||
78
TIAA-CREF LIFE FUNDS - Social Choice Equity Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 423 |
* | Discovery Communications, Inc (Class C) | $ | 21,188 | ||||
| 327 |
* | DreamWorks Animation SKG, Inc (Class A) | 6,233 | |||||
| 179 |
* | Fisher Communications, Inc | 5,354 | |||||
| 83 |
John Wiley & Sons, Inc (Class A) | 4,066 | ||||||
| 2,109 |
* | Journal Communications, Inc (Class A) | 10,882 | |||||
| 2,338 |
* | Liberty Global, Inc (Class A) | 116,035 | |||||
| 196 |
* | Liberty Interactive LLC | 17,230 | |||||
| 1,806 |
* | New York Times Co (Class A) | 14,087 | |||||
| 118 |
Scripps Networks Interactive (Class A) | 6,709 | ||||||
| 3,296 |
Time Warner Cable, Inc | 270,602 | ||||||
| 2,377 |
Time Warner, Inc | 91,515 | ||||||
| 339 |
* | Valassis Communications, Inc | 7,373 | |||||
| 2,824 |
Virgin Media, Inc | 68,877 | ||||||
| 160 |
Washington Post Co (Class B) | 59,811 | ||||||
|
|
|
|||||||
| TOTAL MEDIA | 907,380 | |||||||
|
|
|
|||||||
| PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 7.7% |
||||||||
| 7,083 |
Abbott Laboratories | 456,641 | ||||||
| 100 |
* | Affymetrix, Inc | 469 | |||||
| 2,954 |
Agilent Technologies, Inc | 115,915 | ||||||
| 856 |
* | Akorn, Inc | 13,499 | |||||
| 514 |
* | Amylin Pharmaceuticals, Inc | 14,510 | |||||
| 1,205 |
* | Ariad Pharmaceuticals, Inc | 20,738 | |||||
| 101 |
* | Auxilium Pharmaceuticals, Inc | 2,716 | |||||
| 1,965 |
* | Biogen Idec, Inc | 283,707 | |||||
| 9,755 |
Bristol-Myers Squibb Co | 350,692 | ||||||
| 259 |
* | Cambrex Corp | 2,437 | |||||
| 420 |
* | Cepheid, Inc | 18,795 | |||||
| 1,016 |
* | Endo Pharmaceuticals Holdings, Inc | 31,476 | |||||
| 300 |
* | Geron Corp | 516 | |||||
| 5,960 |
* | Gilead Sciences, Inc | 305,629 | |||||
| 406 |
* | Human Genome Sciences, Inc | 5,331 | |||||
| 926 |
* | Incyte Corp | 21,020 | |||||
| 10,078 |
Johnson & Johnson | 680,870 | ||||||
| 1,143 |
* | Life Technologies Corp | 51,424 | |||||
| 12,745 |
Merck & Co, Inc | 532,104 | ||||||
| 1,668 |
* | Nektar Therapeutics | 13,461 | |||||
| 652 |
* | Neurocrine Biosciences, Inc | 5,157 | |||||
| 107 |
* | Onyx Pharmaceuticals, Inc | 7,110 | |||||
| 1,489 |
PDL BioPharma, Inc | 9,872 | ||||||
| 96 |
PerkinElmer, Inc | 2,477 | ||||||
| 227 |
* | Progenics Pharmaceuticals, Inc | 2,220 | |||||
| 659 |
* | Salix Pharmaceuticals Ltd | 35,876 | |||||
| 520 |
* | Sangamo Biosciences, Inc | 2,870 | |||||
| 1,294 |
* | SIGA Technologies, Inc | 3,714 | |||||
| 109 |
* | Synta Pharmaceuticals Corp | 596 | |||||
| 70 |
Techne Corp | 5,194 | ||||||
| 131 |
* | United Therapeutics Corp | 6,469 | |||||
| 143 |
* | Vertex Pharmaceuticals, Inc | 7,997 | |||||
| 1,988 |
* | Vivus, Inc | 56,737 | |||||
| 488 |
* | Waters Corp | 38,781 | |||||
|
|
|
|||||||
| TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 3,107,020 | |||||||
|
|
|
|||||||
| REAL ESTATE - 4.1% |
||||||||
| 2,657 |
AMB Property Corp | 88,292 | ||||||
| 83 |
American Campus Communities, Inc | 3,733 | ||||||
| 3,952 |
American Tower Corp | 276,284 | ||||||
| 10,364 |
Annaly Capital Management, Inc | 173,908 | ||||||
| 941 |
Boston Properties, Inc | 101,976 | ||||||
| 1,541 |
* | CBRE Group, Inc | 25,211 | |||||
| 93 |
Colonial Properties Trust | 2,059 | ||||||
| 165 |
Douglas Emmett, Inc | 3,811 | ||||||
| 1,443 |
Duke Realty Corp | 21,126 | ||||||
| 29 |
Equity One, Inc | 615 | ||||||
| 136 |
Federal Realty Investment Trust | 14,156 | ||||||
79
TIAA-CREF LIFE FUNDS - Social Choice Equity Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 2,363 |
* | First Industrial Realty Trust, Inc | $ | 29,821 | ||||
| 4,199 |
HCP, Inc | 185,386 | ||||||
| 745 |
Health Care REIT, Inc | 43,434 | ||||||
| 89 |
Healthcare Realty Trust, Inc | 2,122 | ||||||
| 5,793 |
Host Marriott Corp | 91,645 | ||||||
| 15 |
Jones Lang LaSalle, Inc | 1,055 | ||||||
| 14 |
Kilroy Realty Corp | 678 | ||||||
| 125 |
LaSalle Hotel Properties | 3,643 | ||||||
| 325 |
Liberty Property Trust | 11,973 | ||||||
| 426 |
Macerich Co | 25,155 | ||||||
| 107 |
Mid-America Apartment Communities, Inc | 7,302 | ||||||
| 105 |
Post Properties, Inc | 5,140 | ||||||
| 2,100 |
RAIT Investment Trust | 9,702 | ||||||
| 78 |
Regency Centers Corp | 3,710 | ||||||
| 2,143 |
Simon Property Group, Inc | 333,579 | ||||||
| 917 |
Ventas, Inc | 57,881 | ||||||
| 1,176 |
Vornado Realty Trust | 98,760 | ||||||
| 17 |
Washington Real Estate Investment Trust | 484 | ||||||
|
|
|
|||||||
| TOTAL REAL ESTATE | 1,622,641 | |||||||
|
|
|
|||||||
| RETAILING - 4.5% |
||||||||
| 130 |
Advance Auto Parts, Inc | 8,869 | ||||||
| 1,002 |
American Eagle Outfitters, Inc | 19,769 | ||||||
| 253 |
* | Ann Taylor Stores Corp | 6,449 | |||||
| 386 |
* | Autozone, Inc | 141,728 | |||||
| 149 |
* | Barnes & Noble, Inc | 2,453 | |||||
| 1,687 |
* | Bed Bath & Beyond, Inc | 104,257 | |||||
| 1,674 |
Best Buy Co, Inc | 35,087 | ||||||
| 62 |
* | Cabela’s, Inc | 2,344 | |||||
| 642 |
* | Carmax, Inc | 16,653 | |||||
| 8 |
Chico’s FAS, Inc | 119 | ||||||
| 163 |
* | Collective Brands, Inc | 3,491 | |||||
| 532 |
Foot Locker, Inc | 16,269 | ||||||
| 6 |
GameStop Corp (Class A) | 110 | ||||||
| 4,068 |
Gap, Inc | 111,300 | ||||||
| 45 |
* | Genesco, Inc | 2,707 | |||||
| 2,355 |
Genuine Parts Co | 141,889 | ||||||
| 184 |
GNC Holdings, Inc | 7,213 | ||||||
| 312 |
HSN, Inc | 12,589 | ||||||
| 411 |
JC Penney Co, Inc | 9,580 | ||||||
| 2,105 |
Kohl’s Corp | 95,757 | ||||||
| 3,852 |
* | Liberty Media Holding Corp (Interactive A) | 68,527 | |||||
| 19 |
* | LKQ Corp | 634 | |||||
| 8,772 |
Lowe’s Companies, Inc | 249,476 | ||||||
| 1,601 |
Macy’s, Inc | 54,994 | ||||||
| 16 |
Men’s Wearhouse, Inc | 450 | ||||||
| 529 |
Nordstrom, Inc | 26,286 | ||||||
| 700 |
* | Office Depot, Inc | 1,512 | |||||
| 73 |
* | O’Reilly Automotive, Inc | 6,115 | |||||
| 309 |
Petsmart, Inc | 21,068 | ||||||
| 278 |
Pier 1 Imports, Inc | 4,568 | ||||||
| 200 |
RadioShack Corp | 768 | ||||||
| 126 |
Ross Stores, Inc | 7,871 | ||||||
| 184 |
* | Sally Beauty Holdings, Inc | 4,736 | |||||
| 114 |
Signet Jewelers Ltd | 5,017 | ||||||
| 4,706 |
Staples, Inc | 61,413 | ||||||
| 4,763 |
Target Corp | 277,159 | ||||||
| 135 |
Tiffany & Co | 7,148 | ||||||
| 6,543 |
TJX Companies, Inc | 280,891 | ||||||
| 7 |
Williams-Sonoma, Inc | 245 | ||||||
|
|
|
|||||||
| TOTAL RETAILING | 1,817,511 | |||||||
|
|
|
|||||||
| SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 3.1% |
||||||||
| 645 |
* | Advanced Energy Industries, Inc | 8,656 | |||||
| 8,596 |
* | Advanced Micro Devices, Inc | 49,255 | |||||
80
TIAA-CREF LIFE FUNDS - Social Choice Equity Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 981 |
Analog Devices, Inc | $ | 36,954 | |||||
| 16,960 |
Applied Materials, Inc | 194,362 | ||||||
| 51 |
Cabot Microelectronics Corp | 1,490 | ||||||
| 125 |
* | Cirrus Logic, Inc | 3,735 | |||||
| 174 |
Cypress Semiconductor Corp | 2,300 | ||||||
| 930 |
* | Entegris, Inc | 7,942 | |||||
| 20,054 |
Intel Corp | 534,439 | ||||||
| 170 |
* | Lam Research Corp | 6,416 | |||||
| 499 |
* | Lattice Semiconductor Corp | 1,881 | |||||
| 232 |
* | LTX-Credence Corp | 1,554 | |||||
| 111 |
Microchip Technology, Inc | 3,672 | ||||||
| 134 |
MKS Instruments, Inc | 3,877 | ||||||
| 4,772 |
* | Nvidia Corp | 65,949 | |||||
| 146 |
* | Omnivision Technologies, Inc | 1,951 | |||||
| 4,262 |
* | ON Semiconductor Corp | 30,260 | |||||
| 706 |
* | RF Micro Devices, Inc | 3,000 | |||||
| 210 |
* | Sigma Designs, Inc | 1,340 | |||||
| 773 |
* | Skyworks Solutions, Inc | 21,157 | |||||
| 937 |
* | SunPower Corp | 4,507 | |||||
| 315 |
* | Teradyne, Inc | 4,429 | |||||
| 9,371 |
Texas Instruments, Inc | 268,854 | ||||||
| 170 |
* | Ultratech, Inc | 5,355 | |||||
|
|
|
|||||||
| TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | 1,263,335 | |||||||
|
|
|
|||||||
| SOFTWARE & SERVICES - 8.9% |
||||||||
| 4,757 |
Accenture plc | 285,848 | ||||||
| 4,164 |
* | Adobe Systems, Inc | 134,789 | |||||
| 171 |
* | AOL, Inc | 4,802 | |||||
| 1,585 |
* | Autodesk, Inc | 55,459 | |||||
| 1,009 |
Broadridge Financial Solutions, Inc | 21,462 | ||||||
| 3,828 |
CA, Inc | 103,700 | ||||||
| 191 |
* | Cadence Design Systems, Inc | 2,099 | |||||
| 813 |
* | Citrix Systems, Inc | 68,243 | |||||
| 3,332 |
* | Cognizant Technology Solutions Corp (Class A) | 199,920 | |||||
| 847 |
* | Compuware Corp | 7,869 | |||||
| 155 |
Convergys Corp | 2,289 | ||||||
| 710 |
Earthlink, Inc | 5,282 | ||||||
| 49 |
Factset Research Systems, Inc | 4,554 | ||||||
| 239 |
* | Fortinet, Inc | 5,550 | |||||
| 104 |
Global Payments, Inc | 4,496 | ||||||
| 1,011 |
* | Google, Inc (Class A) | 586,451 | |||||
| 722 |
* | Informatica Corp | 30,584 | |||||
| 3,825 |
International Business Machines Corp | 748,094 | ||||||
| 3,388 |
Intuit, Inc | 201,078 | ||||||
| 205 |
* | Liquidity Services, Inc | 10,494 | |||||
| 55 |
* | NetSuite, Inc | 3,012 | |||||
| 120 |
* | NeuStar, Inc (Class A) | 4,008 | |||||
| 1,258 |
NIC, Inc | 15,977 | ||||||
| 227 |
* | Nuance Communications, Inc | 5,407 | |||||
| 49 |
* | OpenTable, Inc | 2,205 | |||||
| 16,643 |
Oracle Corp | 494,297 | ||||||
| 1,486 |
* | Salesforce.com, Inc | 205,454 | |||||
| 123 |
* | SolarWinds, Inc | 5,358 | |||||
| 7,478 |
* | Symantec Corp | 109,254 | |||||
| 340 |
* | Teradata Corp | 24,483 | |||||
| 146 |
* | Ultimate Software Group, Inc | 13,012 | |||||
| 14,903 |
* | Yahoo!, Inc | 235,914 | |||||
|
|
|
|||||||
| TOTAL SOFTWARE & SERVICES | 3,601,444 | |||||||
|
|
|
|||||||
| TECHNOLOGY HARDWARE & EQUIPMENT - 5.1% |
||||||||
| 536 |
* | Acme Packet, Inc | 9,996 | |||||
| 914 |
* | Aruba Networks, Inc | 13,756 | |||||
| 97 |
* | Avid Technology, Inc | 721 | |||||
| 147 |
* | Benchmark Electronics, Inc | 2,051 | |||||
| 553 |
* | Bookham, Inc | 1,681 | |||||
81
TIAA-CREF LIFE FUNDS - Social Choice Equity Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 24,833 |
Cisco Systems, Inc | $ | 426,383 | |||||
| 21 |
Cognex Corp | 665 | ||||||
| 1,633 |
Corning, Inc | 21,115 | ||||||
| 1,082 |
* | Cray, Inc | 13,070 | |||||
| 16,057 |
* | Dell, Inc | 201,034 | |||||
| 9 |
* | DTS, Inc | 235 | |||||
| 12,862 |
* | EMC Corp | 329,653 | |||||
| 810 |
* | Finisar Corp | 12,118 | |||||
| 707 |
* | Flextronics International Ltd | 4,383 | |||||
| 293 |
* | Fusion-io, Inc | 6,121 | |||||
| 11,183 |
Hewlett-Packard Co | 224,890 | ||||||
| 345 |
* | Ingram Micro, Inc (Class A) | 6,027 | |||||
| 169 |
InterDigital, Inc | 4,987 | ||||||
| 124 |
* | Intevac, Inc | 932 | |||||
| 236 |
* | IPG Photonics Corp | 10,287 | |||||
| 14 |
* | Itron, Inc | 577 | |||||
| 462 |
Jabil Circuit, Inc | 9,393 | ||||||
| 361 |
Lexmark International, Inc (Class A) | 9,595 | ||||||
| 24 |
Molex, Inc | 575 | ||||||
| 3,693 |
Motorola, Inc | 177,670 | ||||||
| 645 |
* | Oplink Communications, Inc | 8,727 | |||||
| 340 |
Plantronics, Inc | 11,356 | ||||||
| 885 |
* | Polycom, Inc | 9,310 | |||||
| 1,566 |
* | Power-One, Inc | 7,078 | |||||
| 5,782 |
Qualcomm, Inc | 321,942 | ||||||
| 6,652 |
* | Quantum Corp | 13,504 | |||||
| 1,076 |
* | Radisys Corp | 6,757 | |||||
| 406 |
* | STEC, Inc | 3,167 | |||||
| 172 |
* | Super Micro Computer, Inc | 2,728 | |||||
| 40 |
Sycamore Networks, Inc | 581 | ||||||
| 141 |
* | Synaptics, Inc | 4,037 | |||||
| 26 |
* | Tech Data Corp | 1,252 | |||||
| 1,492 |
Tellabs, Inc | 4,968 | ||||||
| 184 |
* | TTM Technologies, Inc | 1,732 | |||||
| 15 |
* | Universal Display Corp | 539 | |||||
| 74 |
* | Vishay Precision Group, Inc | 1,032 | |||||
| 20,459 |
Xerox Corp | 161,012 | ||||||
|
|
|
|||||||
| TOTAL TECHNOLOGY HARDWARE & EQUIPMENT | 2,047,637 | |||||||
|
|
|
|||||||
| TELECOMMUNICATION SERVICES - 1.5% |
||||||||
| 48 |
AboveNet, Inc | 4,032 | ||||||
| 6,339 |
CenturyTel, Inc | 250,327 | ||||||
| 1,541 |
* | Cincinnati Bell, Inc | 5,732 | |||||
| 2,286 |
* | Crown Castle International Corp | 134,097 | |||||
| 13,018 |
Frontier Communications Corp | 49,859 | ||||||
| 234 |
* | Level 3 Communications, Inc | 5,183 | |||||
| 185 |
* | SBA Communications Corp (Class A) | 10,554 | |||||
| 24,815 |
* | Sprint Nextel Corp | 80,897 | |||||
| 539 |
* | tw telecom inc (Class A) | 13,831 | |||||
| 18 |
* | US Cellular Corp | 695 | |||||
| 6,800 |
Windstream Corp | 65,688 | ||||||
|
|
|
|||||||
| TOTAL TELECOMMUNICATION SERVICES | 620,895 | |||||||
|
|
|
|||||||
| TRANSPORTATION - 2.4% |
||||||||
| 89 |
* | Alaska Air Group, Inc | 3,195 | |||||
| 6 |
* | Allegiant Travel Co | 418 | |||||
| 195 |
* | Avis Budget Group, Inc | 2,964 | |||||
| 352 |
CH Robinson Worldwide, Inc | 20,602 | ||||||
| 8,453 |
CSX Corp | 189,009 | ||||||
| 128 |
Expeditors International Washington, Inc | 4,960 | ||||||
| 34 |
* | Genesee & Wyoming, Inc (Class A) | 1,796 | |||||
| 28 |
Heartland Express, Inc | 401 | ||||||
| 27 |
International Shipholding Corp | 509 | ||||||
| 61 |
J.B. Hunt Transport Services, Inc | 3,636 | ||||||
| 8 |
* | Kirby Corp | 377 | |||||
82
TIAA-CREF LIFE FUNDS - Social Choice Equity Fund
|
SHARES |
COMPANY |
VALUE | ||||||
| 3,005 |
Norfolk Southern Corp | $ | 215,669 | |||||
| 6 |
Ryder System, Inc | 216 | ||||||
| 5,316 |
Southwest Airlines Co | 49,014 | ||||||
| 1,359 |
Union Pacific Corp | 162,142 | ||||||
| 4,255 |
United Parcel Service, Inc (Class B) | 335,124 | ||||||
|
|
|
|||||||
| TOTAL TRANSPORTATION | 990,032 | |||||||
|
|
|
|||||||
| UTILITIES - 4.8% |
||||||||
| 1,194 |
Alliant Energy Corp | 54,411 | ||||||
| 102 |
American Water Works Co, Inc | 3,497 | ||||||
| 1,264 |
Atmos Energy Corp | 44,329 | ||||||
| 2,028 |
* | Calpine Corp | 33,482 | |||||
| 1,918 |
Centerpoint Energy, Inc | 39,645 | ||||||
| 167 |
CH Energy Group, Inc | 10,970 | ||||||
| 3,108 |
Cleco Corp | 130,008 | ||||||
| 3,449 |
Consolidated Edison, Inc | 214,493 | ||||||
| 175 |
DTE Energy Co | 10,383 | ||||||
| 2,625 |
Idacorp, Inc | 110,460 | ||||||
| 57 |
Integrys Energy Group, Inc | 3,242 | ||||||
| 87 |
ITC Holdings Corp | 5,995 | ||||||
| 103 |
MDU Resources Group, Inc | 2,226 | ||||||
| 500 |
MGE Energy, Inc | 23,650 | ||||||
| 197 |
New Jersey Resources Corp | 8,591 | ||||||
| 3,987 |
NextEra Energy, Inc | 274,345 | ||||||
| 4,938 |
NiSource, Inc | 122,215 | ||||||
| 2,582 |
Northeast Utilities | 100,207 | ||||||
| 162 |
Northwest Natural Gas Co | 7,711 | ||||||
| 3,663 |
NV Energy, Inc | 64,396 | ||||||
| 1,573 |
Oneok, Inc | 66,554 | ||||||
| 6,482 |
Pepco Holdings, Inc | 126,853 | ||||||
| 3,830 |
PG&E Corp | 173,384 | ||||||
| 1,622 |
Piedmont Natural Gas Co, Inc | 52,212 | ||||||
| 88 |
Pinnacle West Capital Corp | 4,553 | ||||||
| 2,006 |
Sempra Energy | 138,173 | ||||||
| 211 |
SJW Corp | 5,066 | ||||||
| 560 |
South Jersey Industries, Inc | 28,543 | ||||||
| 196 |
TECO Energy, Inc | 3,540 | ||||||
| 77 |
UGI Corp | 2,266 | ||||||
| 108 |
Westar Energy, Inc | 3,235 | ||||||
| 524 |
WGL Holdings, Inc | 20,829 | ||||||
| 327 |
Wisconsin Energy Corp | 12,939 | ||||||
| 1,364 |
Xcel Energy, Inc | 38,751 | ||||||
|
|
|
|||||||
| TOTAL UTILITIES | 1,941,154 | |||||||
|
|
|
|||||||
| TOTAL COMMON STOCKS | 40,023,503 | |||||||
|
|
|
|||||||
| (Cost $36,510,020) | ||||||||
| TOTAL INVESTMENTS - 99.3% | 40,023,503 | |||||||
| (Cost $36,510,020) | ||||||||
| OTHER ASSETS & LIABILITIES, NET - 0.7% | 298,603 | |||||||
|
|
|
|||||||
| NET ASSETS - 100.0% | $ | 40,322,106 | ||||||
|
|
|
|||||||
| Abbreviation(s): |
| REIT | Real Estate Investment Trust |
| * | Non-income producing. |
83
TIAA-CREF LIFE FUNDS - Real Estate Securities Fund
TIAA-CREF LIFE FUNDS
REAL ESTATE SECURITIES FUND
SCHEDULE OF INVESTMENTS (Unaudited)
June 30, 2012
|
SHARES |
COMPANY |
VALUE | ||||||
| COMMON STOCKS - 95.1% |
||||||||
| DIVERSIFIED CAPITAL MARKETS - 0.5% |
||||||||
| 34,000 |
* | HFF, Inc (Class A) |
$ | 473,960 | ||||
|
|
|
|||||||
| TOTAL DIVERSIFIED CAPITAL MARKETS |
473,960 | |||||||
|
|
|
|||||||
| DIVERSIFIED REAL ESTATE ACTIVITIES - 0.1% |
||||||||
| 15,000 |
Wharf Holdings Ltd |
83,414 | ||||||
|
|
|
|||||||
| TOTAL DIVERSIFIED REAL ESTATE ACTIVITIES |
83,414 | |||||||
|
|
|
|||||||
| DIVERSIFIED REITS - 4.4% |
||||||||
| 35,000 |
iShares Dow Jones US Real Estate Index Fund |
2,238,950 | ||||||
| 40,000 |
NRDC Acquisition Corp |
482,400 | ||||||
| 16,000 |
Vornado Realty Trust |
1,343,680 | ||||||
|
|
|
|||||||
| TOTAL DIVERSIFIED REITS |
4,065,030 | |||||||
|
|
|
|||||||
| INDUSTRIAL REITS - 3.7% |
||||||||
| 71,000 |
AMB Property Corp |
2,359,330 | ||||||
| 17,500 |
EastGroup Properties, Inc |
932,750 | ||||||
| 100,000 |
* | Global Logistic Properties |
166,476 | |||||
|
|
|
|||||||
| TOTAL INDUSTRIAL REITS |
3,458,556 | |||||||
|
|
|
|||||||
| MORTGAGE REITS - 0.5% |
||||||||
| 30,000 |
Annaly Capital Management, Inc |
503,400 | ||||||
|
|
|
|||||||
| TOTAL MORTGAGE REITS |
503,400 | |||||||
|
|
|
|||||||
| OFFICE REITS - 9.6% |
||||||||
| 41,200 |
d | Boston Properties, Inc |
4,464,844 | |||||
| 20,000 |
Digital Realty Trust, Inc |
1,501,400 | ||||||
| 35,000 |
Mission West Properties, Inc |
301,700 | ||||||
| 32,500 |
SL Green Realty Corp |
2,607,800 | ||||||
|
|
|
|||||||
| TOTAL OFFICE REITS |
8,875,744 | |||||||
|
|
|
|||||||
| OTHER DIVERSIFIED FINANCIAL SERVICES - 0.0% |
||||||||
| 28,800 |
*,g,m | People’s Choice Financial Corp |
0 | |||||
|
|
|
|||||||
| TOTAL OTHER DIVERSIFIED FINANCIAL SERVICES |
0 | |||||||
|
|
|
|||||||
| REAL ESTATE OPERATING COMPANIES - 2.0% |
||||||||
| 346,649 |
Thomas Properties Group, Inc |
1,885,771 | ||||||
|
|
|
|||||||
| TOTAL REAL ESTATE OPERATING COMPANIES |
1,885,771 | |||||||
|
|
|
|||||||
| RESIDENTIAL REITS - 17.2% |
||||||||
| 34,000 |
American Campus Communities, Inc |
1,529,320 | ||||||
| 29,500 |
AvalonBay Communities, Inc |
4,173,660 | ||||||
| 16,000 |
Equity Lifestyle Properties, Inc |
1,103,520 | ||||||
| 70,000 |
Equity Residential |
4,365,200 | ||||||
| 15,000 |
Home Properties, Inc |
920,400 | ||||||
| 23,000 |
Post Properties, Inc |
1,125,850 | ||||||
| 105,000 |
UDR, Inc |
2,713,200 | ||||||
|
|
|
|||||||
| TOTAL RESIDENTIAL REITS |
15,931,150 | |||||||
|
|
|
|||||||
| RETAIL REITS - 23.9% |
||||||||
| 130,000 |
DDR Corp |
1,903,200 | ||||||
| 28,000 |
Equity One, Inc |
593,600 | ||||||
| 28,769 |
Federal Realty Investment Trust |
2,994,565 | ||||||
| 60,000 |
General Growth Properties, Inc |
1,085,400 | ||||||
| 16,000 |
Macerich Co |
944,800 | ||||||
| 33,000 |
Regency Centers Corp |
1,569,810 | ||||||
| 62,000 |
Simon Property Group, Inc |
9,650,920 | ||||||
| 8,000 |
Tanger Factory Outlet Centers, Inc |
256,400 | ||||||
| 30,301 |
Taubman Centers, Inc |
2,338,025 | ||||||
84
TIAA-CREF LIFE FUNDS - Real Estate Securities Fund
|
SHARES |
COMPANY |
RATE |
MATURITY DATE |
VALUE | ||||||||||||
| 80,000 |
Westfield Group |
$ | 783,310 | |||||||||||||
|
|
|
|||||||||||||||
| TOTAL RETAIL REIT’S |
22,120,030 | |||||||||||||||
|
|
|
|||||||||||||||
| SPECIALIZED REITS - 33.2% |
||||||||||||||||
| 66,000 |
American Tower Corp |
4,614,060 | ||||||||||||||
| 15,000 |
Ashford Hospitality Trust, Inc |
126,450 | ||||||||||||||
| 50,000 |
CubeSmart |
583,500 | ||||||||||||||
| 70,741 |
DiamondRock Hospitality Co |
721,558 | ||||||||||||||
| 28,000 |
Entertainment Properties Trust |
1,151,080 | ||||||||||||||
| 28,000 |
Extra Space Storage, Inc |
856,800 | ||||||||||||||
| 25,000 |
* | FelCor Lodging Trust, Inc |
117,500 | |||||||||||||
| 45,000 |
HCP, Inc |
1,986,750 | ||||||||||||||
| 60,000 |
Health Care REIT, Inc |
3,498,000 | ||||||||||||||
| 150,000 |
Hersha Hospitality Trust |
792,000 | ||||||||||||||
| 110,000 |
Host Marriott Corp |
1,740,200 | ||||||||||||||
| 30,000 |
Plum Creek Timber Co, Inc |
1,191,000 | ||||||||||||||
| 7,000 |
Potlatch Corp |
223,580 | ||||||||||||||
| 31,000 |
Public Storage, Inc |
4,476,710 | ||||||||||||||
| 15,000 |
Rayonier, Inc |
673,500 | ||||||||||||||
| 65,000 |
* | Strategic Hotels & Resorts, Inc |
419,900 | |||||||||||||
| 65,000 |
* | Sunstone Hotel Investors, Inc |
714,350 | |||||||||||||
| 70,000 |
Ventas, Inc |
4,418,400 | ||||||||||||||
| 100,000 |
Weyerhaeuser Co |
2,236,000 | ||||||||||||||
|
|
|
|||||||||||||||
| TOTAL SPECIALIZED REITS |
30,541,338 | |||||||||||||||
|
|
|
|||||||||||||||
| TOTAL COMMON STOCKS (Cost $73,951,571) |
87,938,393 | |||||||||||||||
|
|
|
|||||||||||||||
| PRINCIPAL |
ISSUER |
|||||||||||||||
| SHORT-TERM INVESTMENTS - 3.2% |
|
|||||||||||||||
| GOVERNMENT AGENCY DEBT - 3.2% |
|
|||||||||||||||
| $3,000,000 |
Federal Home Loan Bank (FHLB) |
0.001 | % | 07/02/12 | 3,000,000 | |||||||||||
|
|
|
|||||||||||||||
| 3,000,000 | ||||||||||||||||
|
|
|
|||||||||||||||
| TOTAL SHORT-TERM INVESTMENTS (Cost $3,000,000) |
3,000,000 | |||||||||||||||
|
|
|
|||||||||||||||
| TOTAL INVESTMENTS - 98.3% (Cost $76,951,571) |
90,938,393 | |||||||||||||||
| OTHER ASSETS & LIABILITIES, NET - 1.7% |
1,529,854 | |||||||||||||||
|
|
|
|||||||||||||||
| NET ASSETS - 100.0% | $ | 92,468,247 | ||||||||||||||
|
|
|
|||||||||||||||
Abbreviation(s):
| REIT | Real Estate Investment Trust |
| * | Non-income producing. |
| d | All or a portion of these securities have been segregated by the custodian to cover requirements on open written options contracts. |
| g | Security is exempt from registration under Rule 144(A) of the Securities Act of 1933 and may be resold in transactions exempt from registration to qualified institutional buyers. At 6/30/2012, the total value of these securities amounted to $0 or 0.0% of net assets. |
| m | Indicates a security that has been deemed illiquid. |
85
TIAA-CREF LIFE FUNDS - Bond Fund
TIAA-CREF LIFE FUNDS
BOND FUND
SCHEDULE OF INVESTMENTS (Unaudited)
June 30, 2012
|
PRINCIPAL |
ISSUER |
RATE | MATURITY DATE |
VALUE | ||||||||||||
| BONDS - 101.1% |
||||||||||||||||
| CORPORATE BONDS - 39.3% |
||||||||||||||||
| AUTOMOBILES & COMPONENTS - 0.1% |
||||||||||||||||
| $ 132,000 |
Delphi Corp |
5.875 | % | 05/15/19 | $ | 140,910 | ||||||||||
| 32,000 |
Ford Motor Co |
7.450 | 07/16/31 | 40,080 | ||||||||||||
|
|
|
|||||||||||||||
| TOTAL AUTOMOBILES & COMPONENTS |
180,990 | |||||||||||||||
|
|
|
|||||||||||||||
| BANKS - 5.8% |
||||||||||||||||
| 80,000 |
Abbey National Treasury Services plc |
4.000 | 04/27/16 | 78,826 | ||||||||||||
| 100,000 |
g | Banco de Credito del Peru |
4.750 | 03/16/16 | 102,750 | |||||||||||
| 150,000 |
g | Banco del Estado de Chile |
3.875 | 02/08/22 | 152,573 | |||||||||||
| 200,000 |
Banco do Brasil S.A. |
3.875 | 01/23/17 | 205,000 | ||||||||||||
| 110,000 |
BanColombia S.A. |
5.950 | 06/03/21 | 117,425 | ||||||||||||
| 325,000 |
Bank of America Corp |
3.750 | 07/12/16 | 327,644 | ||||||||||||
| 200,000 |
Bank of America Corp |
5.300 | 03/15/17 | 208,226 | ||||||||||||
| 75,000 |
Bank of America Corp |
5.750 | 12/01/17 | 80,040 | ||||||||||||
| 750,000 |
Bank of America Corp |
5.700 | 01/24/22 | 825,971 | ||||||||||||
| 150,000 |
Bank of America Corp |
5.875 | 02/07/42 | 164,307 | ||||||||||||
| 150,000 |
g | Bank of Tokyo-Mitsubishi UFJ Ltd |
2.350 | 02/23/17 | 153,307 | |||||||||||
| 75,000 |
BB&T Corp |
3.850 | 07/27/27 | 75,158 | ||||||||||||
| 150,000 |
g | BBVA Bancomer S.A. |
4.500 | 03/10/16 | 150,750 | |||||||||||
| 50,000 |
Capital One Bank USA NA |
8.800 | 07/15/19 | 62,968 | ||||||||||||
| 50,000 |
Capital One Capital V |
8.875 | 05/15/40 | 50,813 | ||||||||||||
| 50,000 |
Capital One Financial Corp |
3.150 | 07/15/16 | 51,780 | ||||||||||||
| 100,000 |
Citigroup, Inc |
6.000 | 12/13/13 | 105,095 | ||||||||||||
| 50,000 |
Citigroup, Inc |
5.000 | 09/15/14 | 51,253 | ||||||||||||
| 350,000 |
Citigroup, Inc |
3.953 | 06/15/16 | 358,630 | ||||||||||||
| 125,000 |
Citigroup, Inc |
4.450 | 01/10/17 | 131,030 | ||||||||||||
| 75,000 |
Citigroup, Inc |
6.125 | 05/15/18 | 83,743 | ||||||||||||
| 300,000 |
h | Citigroup, Inc |
4.500 | 01/14/22 | 309,856 | |||||||||||
| 75,000 |
Citigroup, Inc |
6.875 | 03/05/38 | 91,739 | ||||||||||||
| 50,000 |
Citigroup, Inc |
8.125 | 07/15/39 | 66,725 | ||||||||||||
| 300,000 |
Citigroup, Inc |
5.875 | 01/30/42 | 327,650 | ||||||||||||
| 900,000 |
g | Depfa ACS Bank |
5.125 | 03/16/37 | 626,846 | |||||||||||
| 100,000 |
Deutsche Bank AG |
3.875 | 08/18/14 | 104,112 | ||||||||||||
| 100,000 |
Deutsche Bank AG |
3.250 | 01/11/16 | 102,915 | ||||||||||||
| 50,000 |
Discover Bank |
7.000 | 04/15/20 | 58,194 | ||||||||||||
| 100,000 |
g | HSBC Bank plc |
3.500 | 06/28/15 | 104,573 | |||||||||||
| 150,000 |
g | HSBC Bank plc |
4.125 | 08/12/20 | 156,345 | |||||||||||
| 150,000 |
HSBC Holdings plc |
4.000 | 03/30/22 | 155,760 | ||||||||||||
| 225,000 |
HSBC USA, Inc |
2.375 | 02/13/15 | 227,565 | ||||||||||||
| 100,000 |
g | ICICI Bank Ltd |
5.500 | 03/25/15 | 102,401 | |||||||||||
| 60,000 |
JPMorgan Chase & Co |
5.125 | 09/15/14 | 63,743 | ||||||||||||
| 135,000 |
JPMorgan Chase & Co |
3.150 | 07/05/16 | 138,835 | ||||||||||||
| 250,000 |
JPMorgan Chase & Co |
4.350 | 08/15/21 | 263,850 | ||||||||||||
| 100,000 |
JPMorgan Chase & Co |
5.500 | 10/15/40 | 110,315 | ||||||||||||
| 625,000 |
JPMorgan Chase & Co |
5.400 | 01/06/42 | 686,263 | ||||||||||||
| 100,000 |
PNC Funding Corp |
5.125 | 02/08/20 | 115,651 | ||||||||||||
| 50,000 |
PNC Funding Corp |
3.300 | 03/08/22 | 50,990 | ||||||||||||
| 140,000 |
g,i | Rabobank Nederland NV |
11.000 | 12/30/49 | 176,120 | |||||||||||
| 200,000 |
g | Shinhan Bank |
4.125 | 10/04/16 | 210,533 | |||||||||||
| 100,000 |
g | Sumitomo Mitsui Banking Corp |
3.150 | 07/22/15 | 105,024 | |||||||||||
| 50,000 |
Toronto-Dominion Bank |
2.500 | 07/14/16 | 51,805 | ||||||||||||
| 250,000 |
g | Toronto-Dominion Bank |
1.625 | 09/14/16 | 254,639 | |||||||||||
| 150,000 |
Union Bank NA |
2.125 | 06/16/17 | 150,027 | ||||||||||||
| 150,000 |
Union Bank of California NA |
5.950 | 05/11/16 | 167,584 | ||||||||||||
| 125,000 |
UnionBanCal Corp |
3.500 | 06/18/22 | 126,257 | ||||||||||||
| 200,000 |
US Bancorp |
1.650 | 05/15/17 | 201,460 | ||||||||||||
86
TIAA-CREF LIFE FUNDS - Bond Fund
|
PRINCIPAL |
ISSUER |
RATE | MATURITY DATE |
VALUE | ||||||||||||
| $ 25,000 |
USB Capital XIII Trust |
6.625 | % | 12/15/39 | $ | 25,204 | ||||||||||
| 100,000 |
Wachovia Bank NA |
5.850 | 02/01/37 | 115,735 | ||||||||||||
| 350,000 |
Wells Fargo & Co |
1.500 | 07/01/15 | 350,265 | ||||||||||||
| 200,000 |
Wells Fargo & Co |
2.100 | 05/08/17 | 200,447 | ||||||||||||
| 100,000 |
Wells Fargo & Co |
3.500 | 03/08/22 | 102,896 | ||||||||||||
| 50,000 |
Westpac Banking Corp |
3.000 | 08/04/15 | 51,792 | ||||||||||||
|
|
|
|||||||||||||||
| TOTAL BANKS |
9,691,405 | |||||||||||||||
|
|
|
|||||||||||||||
| CAPITAL GOODS - 1.2% |
||||||||||||||||
| 200,000 |
Caterpillar, Inc |
1.375 | 05/27/14 | 202,551 | ||||||||||||
| 275,000 |
Caterpillar, Inc |
0.950 | 06/26/15 | 276,016 | ||||||||||||
| 250,000 |
Caterpillar, Inc |
1.500 | 06/26/17 | 250,346 | ||||||||||||
| 50,000 |
CRH America, Inc |
4.125 | 01/15/16 | 50,827 | ||||||||||||
| 250,000 |
Danaher Corp |
1.300 | 06/23/14 | 252,601 | ||||||||||||
| 250,000 |
Danaher Corp |
2.300 | 06/23/16 | 261,007 | ||||||||||||
| 100,000 |
Deere & Co |
2.600 | 06/08/22 | 99,825 | ||||||||||||
| 100,000 |
Deere & Co |
3.900 | 06/09/42 | 99,350 | ||||||||||||
| 32,000 |
Huntington Ingalls Industries, Inc |
6.875 | 03/15/18 | 33,360 | ||||||||||||
| 100,000 |
g | Myriad International Holding BV |
6.375 | 07/28/17 | 110,196 | |||||||||||
| 111,000 |
g | Sealed Air Corp |
8.125 | 09/15/19 | 123,765 | |||||||||||
| 111,000 |
g | Sealed Air Corp |
8.375 | 09/15/21 | 125,430 | |||||||||||
| 120,000 |
SPX Corp |
6.875 | 09/01/17 | 130,800 | ||||||||||||
| 50,000 |
Tyco International Finance S.A. |
6.000 | 11/15/13 | 53,723 | ||||||||||||
| 25,000 |
Tyco International Finance S.A. |
4.125 | 10/15/14 | 26,981 | ||||||||||||
| 125,000 |
United Technologies Corp |
1.800 | 06/01/17 | 127,655 | ||||||||||||
| 50,000 |
United Technologies Corp |
4.500 | 06/01/42 | 54,920 | ||||||||||||
|
|
|
|||||||||||||||
| TOTAL CAPITAL GOODS |
2,279,353 | |||||||||||||||
|
|
|
|||||||||||||||
| COMMERCIAL & PROFESSIONAL SERVICES - 0.6% |
||||||||||||||||
| 100,000 |
g,h | ADT Corp |
2.250 | 07/15/17 | 100,469 | |||||||||||
| 75,000 |
g,h | ADT Corp |
3.500 | 07/15/22 | 75,252 | |||||||||||
| 100,000 |
g | National Agricultural Cooperative Federation |
4.250 | 01/28/16 | 105,304 | |||||||||||
| 75,000 |
Republic Services, Inc |
3.800 | 05/15/18 | 80,237 | ||||||||||||
| 250,000 |
Republic Services, Inc |
3.550 | 06/01/22 | 252,702 | ||||||||||||
| 40,000 |
Republic Services, Inc |
6.200 | 03/01/40 | 48,124 | ||||||||||||
| 250,000 |
Waste Management, Inc |
2.600 | 09/01/16 | 256,543 | ||||||||||||
|
|
|
|||||||||||||||
| TOTAL COMMERCIAL & PROFESSIONAL SERVICES |
918,631 | |||||||||||||||
|
|
|
|||||||||||||||
| CONSUMER DURABLES & APPAREL - 0.2% |
||||||||||||||||
| 130,000 |
Hanesbrands, Inc |
6.375 | 12/15/20 | 136,825 | ||||||||||||
| 100,000 |
Phillips-Van Heusen Corp |
7.375 | 05/15/20 | 110,750 | ||||||||||||
| 50,000 |
Xerox Corp |
4.500 | 05/15/21 | 51,885 | ||||||||||||
|
|
|
|||||||||||||||
| TOTAL CONSUMER DURABLES & APPAREL |
299,460 | |||||||||||||||
|
|
|
|||||||||||||||
| CONSUMER SERVICES - 0.9% |
||||||||||||||||
| 100,000 |
Ameristar Casinos, Inc |
7.500 | 04/15/21 | 107,000 | ||||||||||||
| 150,000 |
DineEquity, Inc |
9.500 | 10/30/18 | 164,250 | ||||||||||||
| 550,000 |
GlaxoSmithKline Capital plc |
0.750 | 05/08/15 | 549,937 | ||||||||||||
| 150,000 |
GlaxoSmithKline Capital plc |
1.500 | 05/08/17 | 150,272 | ||||||||||||
| 150,000 |
g | SABMiller Holdings, Inc |
3.750 | 01/15/22 | 159,518 | |||||||||||
| 100,000 |
g | SABMiller Holdings, Inc |
4.950 | 01/15/42 | 110,686 | |||||||||||
| 100,000 |
Walt Disney Co |
4.500 | 12/15/13 | 105,875 | ||||||||||||
| 200,000 |
Walt Disney Co |
1.125 | 02/15/17 | 199,230 | ||||||||||||
|
|
|
|||||||||||||||
| TOTAL CONSUMER SERVICES |
1,546,768 | |||||||||||||||
|
|
|
|||||||||||||||
| DIVERSIFIED FINANCIALS - 6.9% |
||||||||||||||||
| 150,000 |
g | Ajecorp BV |
6.500 | 05/14/22 | 154,125 | |||||||||||
| 125,000 |
American Express Centurion Bank |
6.000 | 09/13/17 | 147,623 | ||||||||||||
| 125,000 |
American Express Co |
8.125 | 05/20/19 | 166,450 | ||||||||||||
| 225,000 |
American Express Credit Corp |
1.750 | 06/12/15 | 227,555 | ||||||||||||
| 50,000 |
American Express Credit Corp |
2.800 | 09/19/16 | 52,158 | ||||||||||||
| 100,000 |
g | Banco Mercantil del Norte S.A. |
4.375 | 07/19/15 | 103,000 | |||||||||||
| 100,000 |
g | Bangkok Bank PCL |
4.800 | 10/18/20 | 101,980 | |||||||||||
| 525,000 |
Bank of New York Mellon Corp |
2.300 | 07/28/16 | 541,685 | ||||||||||||
| 50,000 |
Bank of New York Mellon Corp |
5.450 | 05/15/19 | 58,969 | ||||||||||||
87
TIAA-CREF LIFE FUNDS - Bond Fund
|
PRINCIPAL |
ISSUER |
RATE | MATURITY DATE |
VALUE | ||||||||||||
| $ 150,000 |
Berkshire Hathaway, Inc |
1.900 | % | 01/31/17 | $ | 152,967 | ||||||||||
| 50,000 |
BlackRock, Inc |
3.500 | 12/10/14 | 53,036 | ||||||||||||
| 150,000 |
BlackRock, Inc |
4.250 | 05/24/21 | 164,037 | ||||||||||||
| 100,000 |
BlackRock, Inc |
3.375 | 06/01/22 | 101,473 | ||||||||||||
| 400,000 |
Capital One Financial Corp |
4.750 | 07/15/21 | 436,472 | ||||||||||||
| 150,000 |
Credit Suisse |
5.000 | 05/15/13 | 154,684 | ||||||||||||
| 100,000 |
Credit Suisse |
5.500 | 05/01/14 | 106,014 | ||||||||||||
| 25,000 |
Credit Suisse |
4.375 | 08/05/20 | 26,764 | ||||||||||||
| 100,000 |
Diageo Investment Corp |
2.875 | 05/11/22 | 102,725 | ||||||||||||
| 100,000 |
Diageo Investment Corp |
4.250 | 05/11/42 | 105,826 | ||||||||||||
| 65,000 |
Ford Motor Credit Co LLC |
4.250 | 02/03/17 | 68,135 | ||||||||||||
| 35,000 |
Ford Motor Credit Co LLC |
6.625 | 08/15/17 | 39,812 | ||||||||||||
| 200,000 |
Ford Motor Credit Co LLC |
5.875 | 08/02/21 | 222,502 | ||||||||||||
| 25,000 |
General Electric Capital Corp |
2.800 | 01/08/13 | 25,291 | ||||||||||||
| 200,000 |
General Electric Capital Corp |
1.875 | 09/16/13 | 202,086 | ||||||||||||
| 250,000 |
General Electric Capital Corp |
5.500 | 06/04/14 | 269,455 | ||||||||||||
| 325,000 |
General Electric Capital Corp |
2.150 | 01/09/15 | 330,477 | ||||||||||||
| 450,000 |
General Electric Capital Corp |
5.300 | 02/11/21 | 505,072 | ||||||||||||
| 735,000 |
General Electric Capital Corp |
4.650 | 10/17/21 | 816,237 | ||||||||||||
| 100,000 |
i | Goldman Sachs Capital II |
4.000 | 06/01/43 | 67,702 | |||||||||||
| 150,000 |
Goldman Sachs Group, Inc |
3.300 | 05/03/15 | 149,979 | ||||||||||||
| 50,000 |
Goldman Sachs Group, Inc |
7.500 | 02/15/19 | 57,020 | ||||||||||||
| 775,000 |
Goldman Sachs Group, Inc |
5.750 | 01/24/22 | 818,093 | ||||||||||||
| 25,000 |
Goldman Sachs Group, Inc |
6.750 | 10/01/37 | 24,501 | ||||||||||||
| 50,000 |
Goldman Sachs Group, Inc |
6.250 | 02/01/41 | 52,138 | ||||||||||||
| 165,000 |
HSBC Finance Corp |
4.750 | 07/15/13 | 170,312 | ||||||||||||
| 100,000 |
g | Hyundai Capital America, Inc |
3.750 | 04/06/16 | 103,704 | |||||||||||
| 200,000 |
g | Hyundai Capital Services, Inc |
3.500 | 09/13/17 | 201,687 | |||||||||||
| 35,000 |
g | International Lease Finance Corp |
6.500 | 09/01/14 | 36,925 | |||||||||||
| 25,000 |
International Lease Finance Corp |
8.625 | 09/15/15 | 27,625 | ||||||||||||
| 180,000 |
International Lease Finance Corp |
5.750 | 05/15/16 | 182,625 | ||||||||||||
| 100,000 |
g | Inversiones CMPC S.A. |
4.750 | 01/19/18 | 104,049 | |||||||||||
| 150,000 |
g | Inversiones CMPC S.A. |
4.500 | 04/25/22 | 148,468 | |||||||||||
| 50,000 |
Jefferies Group, Inc |
6.250 | 01/15/36 | 45,000 | ||||||||||||
| 275,000 |
John Deere Capital Corp |
0.875 | 04/17/15 | 275,309 | ||||||||||||
| 200,000 |
John Deere Capital Corp |
2.250 | 06/07/16 | 207,312 | ||||||||||||
| 450,000 |
John Deere Capital Corp |
2.750 | 03/15/22 | 452,277 | ||||||||||||
| 250,000 |
KFW |
2.625 | 01/25/22 | 257,823 | ||||||||||||
| 100,000 |
Landwirtschaftliche Rentenbank |
5.250 | 07/02/12 | 100,000 | ||||||||||||
| 100,000 |
MBNA Corp |
6.125 | 03/01/13 | 102,724 | ||||||||||||
| 300,000 |
Merrill Lynch & Co, Inc |
5.450 | 02/05/13 | 306,032 | ||||||||||||
| 200,000 |
Merrill Lynch & Co, Inc |
6.400 | 08/28/17 | 217,550 | ||||||||||||
| 250,000 |
Morgan Stanley |
2.875 | 01/24/14 | 247,187 | ||||||||||||
| 50,000 |
Morgan Stanley |
6.000 | 04/28/15 | 51,685 | ||||||||||||
| 100,000 |
Morgan Stanley |
5.375 | 10/15/15 | 102,222 | ||||||||||||
| 100,000 |
Morgan Stanley |
5.450 | 01/09/17 | 100,989 | ||||||||||||
| 300,000 |
Morgan Stanley |
4.750 | 03/22/17 | 299,341 | ||||||||||||
| 150,000 |
Morgan Stanley |
7.300 | 05/13/19 | 162,036 | ||||||||||||
| 60,000 |
Morgan Stanley |
5.625 | 09/23/19 | 59,382 | ||||||||||||
| 50,000 |
NASDAQ OMX Group, Inc |
4.000 | 01/15/15 | 51,697 | ||||||||||||
| 35,000 |
NASDAQ OMX Group, Inc |
5.550 | 01/15/20 | 36,417 | ||||||||||||
| 55,000 |
National Rural Utilities Cooperative Finance Corp |
2.625 | 09/16/12 | 55,217 | ||||||||||||
| 50,000 |
National Rural Utilities Cooperative Finance Corp |
10.375 | 11/01/18 | 72,449 | ||||||||||||
| 175,000 |
Northern Trust Corp |
4.625 | 05/01/14 | 187,262 | ||||||||||||
| 100,000 |
g | PTTEP Australia International Finance Pty Ltd |
4.152 | 07/19/15 | 102,365 | |||||||||||
| 75,000 |
State Street Corp |
4.300 | 05/30/14 | 79,849 | ||||||||||||
| 100,000 |
Toyota Motor Credit Corp |
2.050 | 01/12/17 | 102,214 | ||||||||||||
| 250,000 |
g | UBS AG. |
1.875 | 01/23/15 | 252,499 | |||||||||||
| 75,000 |
UBS AG. |
4.875 | 08/04/20 | 80,132 | ||||||||||||
| 85,000 |
g | Waha Aerospace BV |
3.925 | 07/28/20 | 88,571 | |||||||||||
|
|
|
|||||||||||||||
| TOTAL DIVERSIFIED FINANCIALS |
11,676,979 | |||||||||||||||
|
|
|
|||||||||||||||
| ENERGY - 4.8% |
||||||||||||||||
| 50,000 |
Anadarko Petroleum Corp |
5.950 | 09/15/16 | 56,739 | ||||||||||||
88
TIAA-CREF LIFE FUNDS - Bond Fund
|
PRINCIPAL |
ISSUER |
RATE | MATURITY DATE |
VALUE | ||||||||||||
| $ 30,000 |
Anadarko Petroleum Corp |
6.950 | % | 06/15/19 | $ | 36,766 | ||||||||||
| 45,000 |
Anadarko Petroleum Corp |
6.450 | 09/15/36 | 52,026 | ||||||||||||
| 100,000 |
Apache Corp |
1.750 | 04/15/17 | 101,979 | ||||||||||||
| 150,000 |
Apache Corp |
3.250 | 04/15/22 | 156,632 | ||||||||||||
| 205,000 |
Apache Corp |
4.750 | 04/15/43 | 227,708 | ||||||||||||
| 310,000 |
BP Capital Markets plc |
3.200 | 03/11/16 | 329,718 | ||||||||||||
| 300,000 |
BP Capital Markets plc |
1.846 | 05/05/17 | 302,984 | ||||||||||||
| 250,000 |
BP Capital Markets plc |
3.245 | 05/06/22 | 258,848 | ||||||||||||
| 32,000 |
Chesapeake Energy Corp |
6.625 | 08/15/20 | 31,680 | ||||||||||||
| 100,000 |
Chesapeake Energy Corp |
6.875 | 11/15/20 | 98,500 | ||||||||||||
| 155,000 |
Cimarex Energy Co |
5.875 | 05/01/22 | 161,006 | ||||||||||||
| 100,000 |
Cloud Peak Energy Resources LLC |
8.250 | 12/15/17 | 103,500 | ||||||||||||
| 200,000 |
g | CNOOC FINANCE 2012 Ltd |
3.875 | 05/02/22 | 206,856 | |||||||||||
| 125,000 |
ConocoPhillips |
4.600 | 01/15/15 | 136,849 | ||||||||||||
| 100,000 |
ConocoPhillips |
6.500 | 02/01/39 | 138,481 | ||||||||||||
| 105,000 |
g | Continental Resources, Inc |
5.000 | 09/15/22 | 106,575 | |||||||||||
| 175,000 |
Devon Energy Corp |
1.875 | 05/15/17 | 175,031 | ||||||||||||
| 50,000 |
Devon Energy Corp |
5.600 | 07/15/41 | 58,013 | ||||||||||||
| 50,000 |
Devon Energy Corp |
4.750 | 05/15/42 | 52,468 | ||||||||||||
| 80,040 |
Dolphin Energy Ltd |
5.888 | 06/15/19 | 87,644 | ||||||||||||
| 200,000 |
g | Dolphin Energy Ltd |
5.500 | 12/15/21 | 222,760 | |||||||||||
| 162,000 |
g | Empresa Nacional del Petroleo |
4.750 | 12/06/21 | 169,252 | |||||||||||
| 25,000 |
Enbridge Energy Partners LP |
5.200 | 03/15/20 | 28,330 | ||||||||||||
| 75,000 |
Enterprise Products Operating LLC |
4.600 | 08/01/12 | 75,217 | ||||||||||||
| 25,000 |
Enterprise Products Operating LLC |
5.000 | 03/01/15 | 27,307 | ||||||||||||
| 45,000 |
Enterprise Products Operating LLC |
6.125 | 10/15/39 | 50,977 | ||||||||||||
| 55,000 |
Enterprise Products Operating LLC |
5.950 | 02/01/41 | 62,197 | ||||||||||||
| 25,000 |
Enterprise Products Operating LLC |
5.700 | 02/15/42 | 27,659 | ||||||||||||
| 75,000 |
EOG Resources, Inc |
4.100 | 02/01/21 | 83,228 | ||||||||||||
| 25,000 |
Hess Corp |
8.125 | 02/15/19 | 32,180 | ||||||||||||
| 75,000 |
Hess Corp |
5.600 | 02/15/41 | 79,587 | ||||||||||||
| 50,000 |
Marathon Petroleum Corp |
3.500 | 03/01/16 | 52,412 | ||||||||||||
| 50,000 |
Newfield Exploration Co |
5.625 | 07/01/24 | 51,125 | ||||||||||||
| 25,000 |
Noble Holding International Ltd |
3.450 | 08/01/15 | 26,316 | ||||||||||||
| 75,000 |
Noble Holding International Ltd |
4.900 | 08/01/20 | 81,447 | ||||||||||||
| 100,000 |
Occidental Petroleum Corp |
1.750 | 02/15/17 | 101,687 | ||||||||||||
| 100,000 |
Occidental Petroleum Corp |
4.100 | 02/01/21 | 112,111 | ||||||||||||
| 85,000 |
Pemex Project Funding Master Trust |
6.625 | 06/15/35 | 101,150 | ||||||||||||
| 25,000 |
Pemex Project Funding Master Trust |
6.625 | 06/15/38 | 29,750 | ||||||||||||
| 200,000 |
g | Pertamina Persero PT |
6.000 | 05/03/42 | 198,000 | |||||||||||
| 200,000 |
g | Pertamina PT |
5.250 | 05/23/21 | 208,000 | |||||||||||
| 60,000 |
Petrobras International Finance Co |
7.875 | 03/15/19 | 72,981 | ||||||||||||
| 59,000 |
Petrobras International Finance Co |
6.875 | 01/20/40 | 70,182 | ||||||||||||
| 100,000 |
Petrobras International Finance Co-Pifco |
3.875 | 01/27/16 | 103,244 | ||||||||||||
| 175,000 |
Petrobras International Finance Co-Pifco |
3.500 | 02/06/17 | 179,635 | ||||||||||||
| 50,000 |
Petroleos Mexicanos |
4.875 | 03/15/15 | 53,938 | ||||||||||||
| 20,000 |
Petroleos Mexicanos |
8.000 | 05/03/19 | 25,400 | ||||||||||||
| 90,000 |
Petroleos Mexicanos |
5.500 | 01/21/21 | 101,700 | ||||||||||||
| 155,000 |
g | Petroleos Mexicanos |
4.875 | 01/24/22 | 167,400 | |||||||||||
| 100,000 |
Petroleos Mexicanos |
6.500 | 06/02/41 | 116,750 | ||||||||||||
| 55,000 |
g | Petroleos Mexicanos |
6.500 | 06/02/41 | 64,213 | |||||||||||
| 125,000 |
g | Petroleos Mexicanos |
5.500 | 06/27/44 | 127,813 | |||||||||||
| 100,000 |
g | Petroleum Co of Trinidad & Tobago Ltd |
9.750 | 08/14/19 | 122,650 | |||||||||||
| 100,000 |
g | Phillips 66 |
1.950 | 03/05/15 | 100,716 | |||||||||||
| 100,000 |
g | Phillips 66 |
4.300 | 04/01/22 | 105,197 | |||||||||||
| 175,000 |
Plains All American Pipeline LP |
3.650 | 06/01/22 | 178,704 | ||||||||||||
| 45,000 |
Precision Drilling Corp |
6.500 | 12/15/21 | 45,900 | ||||||||||||
| 100,000 |
g | Reliance Holdings USA |
4.500 | 10/19/20 | 93,978 | |||||||||||
| 130,000 |
g | SandRidge Energy, Inc |
8.000 | 06/01/18 | 131,625 | |||||||||||
| 265,000 |
g | Schlumberger Investment S.A. |
3.300 | 09/14/21 | 277,639 | |||||||||||
| 75,000 |
Shell International Finance BV |
4.300 | 09/22/19 | 87,024 | ||||||||||||
| 25,000 |
Shell International Finance BV |
6.375 | 12/15/38 | 35,377 | ||||||||||||
| 500,000 |
Southwestern Energy Co |
7.500 | 02/01/18 | 599,848 | ||||||||||||
| 25,000 |
Statoil ASA |
2.900 | 10/15/14 | 26,220 | ||||||||||||
89
TIAA-CREF LIFE FUNDS - Bond Fund
|
PRINCIPAL |
ISSUER |
RATE | MATURITY DATE |
VALUE | ||||||||||||
| $ 150,000 |
Total Capital International S.A. |
1.500 | % | 02/17/17 | $ | 150,594 | ||||||||||
| 100,000 |
TransCanada Pipelines Ltd |
5.850 | 03/15/36 | 125,181 | ||||||||||||
| 25,000 |
Vale Overseas Ltd |
6.250 | 01/23/17 | 28,432 | ||||||||||||
| 35,000 |
Vale Overseas Ltd |
4.375 | 01/11/22 | 35,641 | ||||||||||||
| 25,000 |
Vale Overseas Ltd |
6.875 | 11/21/36 | 28,999 | ||||||||||||
| 60,000 |
Vale Overseas Ltd |
6.875 | 11/10/39 | 70,103 | ||||||||||||
| 50,000 |
Valero Energy Corp |
4.500 | 02/01/15 | 53,765 | ||||||||||||
| 100,000 |
XTO Energy, Inc |
6.250 | 04/15/13 | 104,219 | ||||||||||||
| 50,000 |
XTO Energy, Inc |
4.625 | 06/15/13 | 51,822 | ||||||||||||
|
|
|
|||||||||||||||
| TOTAL ENERGY |
8,237,585 | |||||||||||||||
|
|
|
|||||||||||||||
| FOOD & STAPLES RETAILING - 0.4% |
||||||||||||||||
| 50,000 |
CVS Caremark Corp |
3.250 | 05/18/15 | 52,630 | ||||||||||||
| 460,000 |
CVS Caremark Corp |
4.125 | 05/15/21 | 503,365 | ||||||||||||
| 50,000 |
Delhaize Group S.A. |
5.875 | 02/01/14 | 52,651 | ||||||||||||
| 50,000 |
Delhaize Group S.A. |
6.500 | 06/15/17 | 55,554 | ||||||||||||
|
|
|
|||||||||||||||
| TOTAL FOOD & STAPLES RETAILING |
664,200 | |||||||||||||||
|
|
|
|||||||||||||||
| FOOD, BEVERAGE & TOBACCO - 1.3% |
||||||||||||||||
| 200,000 |
Anheuser-Busch InBev Worldwide, Inc |
2.875 | 02/15/16 | 211,286 | ||||||||||||
| 75,000 |
Anheuser-Busch InBev Worldwide, Inc |
5.375 | 01/15/20 | 89,372 | ||||||||||||
| 100,000 |
Coca-Cola Co |
0.750 | 03/13/15 | 100,202 | ||||||||||||
| 50,000 |
Coca-Cola Co |
1.800 | 09/01/16 | 51,354 | ||||||||||||
| 100,000 |
Coca-Cola Co |
3.150 | 11/15/20 | 107,139 | ||||||||||||
| 165,000 |
Coca-Cola Co |
3.300 | 09/01/21 | 176,997 | ||||||||||||
| 100,000 |
Diageo Capital plc |
1.500 | 05/11/17 | 100,368 | ||||||||||||
| 55,000 |
General Mills, Inc |
5.200 | 03/17/15 | 61,053 | ||||||||||||
| 300,000 |
g | Grupo Bimbo SAB de C.V. |
4.500 | 01/25/22 | 319,139 | |||||||||||
| 100,000 |
HJ Heinz Co |
1.500 | 03/01/17 | 99,771 | ||||||||||||
| 100,000 |
g | HJ Heinz Finance Co |
7.125 | 08/01/39 | 133,954 | |||||||||||
| 25,000 |
Kraft Foods, Inc |
6.125 | 02/01/18 | 29,958 | ||||||||||||
| 50,000 |
Kraft Foods, Inc |
5.375 | 02/10/20 | 59,168 | ||||||||||||
| 135,000 |
Kraft Foods, Inc |
6.500 | 02/09/40 | 173,420 | ||||||||||||
| 5,000 |
PepsiCo, Inc |
7.900 | 11/01/18 | 6,680 | ||||||||||||
| 32,000 |
g | Pernod-Ricard S.A. |
5.750 | 04/07/21 | 36,125 | |||||||||||
| 75,000 |
g | Pernod-Ricard S.A. |
4.450 | 01/15/22 | 77,711 | |||||||||||
| 100,000 |
Philip Morris International, Inc |
6.875 | 03/17/14 | 110,405 | ||||||||||||
| 100,000 |
TreeHouse Foods, Inc |
7.750 | 03/01/18 | 108,375 | ||||||||||||
|
|
|
|||||||||||||||
| TOTAL FOOD, BEVERAGE & TOBACCO |
2,052,477 | |||||||||||||||
|
|
|
|||||||||||||||
| HEALTH CARE EQUIPMENT & SERVICES - 0.9% |
||||||||||||||||
| 50,000 |
Becton Dickinson and Co |
1.750 | 11/08/16 | 51,115 | ||||||||||||
| 50,000 |
Boston Scientific Corp |
4.500 | 01/15/15 | 53,278 | ||||||||||||
| 100,000 |
Covidien International Finance S.A. |
1.350 | 05/29/15 | 100,130 | ||||||||||||
| 100,000 |
Covidien International Finance S.A. |
3.200 | 06/15/22 | 103,097 | ||||||||||||
| 170,000 |
Endo Pharmaceuticals Holdings, Inc |
7.000 | 07/15/19 | 184,875 | ||||||||||||
| 130,000 |
g | Fresenius Medical Care Capital Trust |
5.750 | 02/15/21 | 135,362 | |||||||||||
| 50,000 |
g | Fresenius Medical Care US Finance, Inc |
6.500 | 09/15/18 | 54,375 | |||||||||||
| 40,000 |
HCA, Inc |
6.500 | 02/15/20 | 43,350 | ||||||||||||
| 97,000 |
HCA, Inc |
7.875 | 02/15/20 | 107,670 | ||||||||||||
| 150,000 |
HCA, Inc |
5.875 | 03/15/22 | 156,750 | ||||||||||||
| 44,000 |
McKesson Corp |
3.250 | 03/01/16 | 47,231 | ||||||||||||
| 100,000 |
Medtronic, Inc |
4.750 | 09/15/15 | 112,250 | ||||||||||||
| 100,000 |
Quest Diagnostics, Inc |
6.400 | 07/01/17 | 118,335 | ||||||||||||
| 95,000 |
Thermo Fisher Scientific, Inc |
3.200 | 03/01/16 | 101,700 | ||||||||||||
| 75,000 |
Thermo Fisher Scientific, Inc |
2.250 | 08/15/16 | 77,565 | ||||||||||||
| 15,000 |
Thermo Fisher Scientific, Inc |
4.700 | 05/01/20 | 17,228 | ||||||||||||
| 125,000 |
Thermo Fisher Scientific, Inc |
3.600 | 08/15/21 | 134,449 | ||||||||||||
|
|
|
|||||||||||||||
| TOTAL HEALTH CARE EQUIPMENT & SERVICES |
1,598,760 | |||||||||||||||
|
|
|
|||||||||||||||
| HOUSEHOLD & PERSONAL PRODUCTS - 0.1% |
||||||||||||||||
| 75,000 |
Clorox Co |
3.800 | 11/15/21 | 78,181 | ||||||||||||
| 50,000 |
Colgate-Palmolive Co |
2.300 | 05/03/22 | 50,307 | ||||||||||||
| 50,000 |
Ecolab, Inc |
4.350 | 12/08/21 | 55,418 | ||||||||||||
| 65,000 |
Procter & Gamble Co |
5.550 | 03/05/37 | 86,541 | ||||||||||||
90
TIAA-CREF LIFE FUNDS - Bond Fund
|
PRINCIPAL |
ISSUER |
RATE | MATURITY DATE |
VALUE | ||||||||||||
| $ 50,000 |
Unilever Capital Corp |
4.800 | % | 02/15/19 | $ | 58,595 | ||||||||||
| 50,000 |
Unilever Capital Corp |
4.250 | 02/10/21 | 58,329 | ||||||||||||
|
|
|
|||||||||||||||
| TOTAL HOUSEHOLD & PERSONAL PRODUCTS |
387,371 | |||||||||||||||
|
|
|
|||||||||||||||
| INSURANCE - 1.3% |
||||||||||||||||
| 50,000 |
ACE INA Holdings, Inc |
5.875 | 06/15/14 | 54,503 | ||||||||||||
| 75,000 |
Allstate Corp |
7.450 | 05/16/19 | 96,043 | ||||||||||||
| 150,000 |
American International Group, Inc |
3.650 | 01/15/14 | 153,213 | ||||||||||||
| 100,000 |
Chubb Corp |
6.000 | 05/11/37 | 128,380 | ||||||||||||
| 20,000 |
CIGNA Corp |
5.125 | 06/15/20 | 22,120 | ||||||||||||
| 100,000 |
CIGNA Corp |
4.500 | 03/15/21 | 107,591 | ||||||||||||
| 75,000 |
Hartford Financial Services Group, Inc |
4.000 | 03/30/15 | 78,658 | ||||||||||||
| 100,000 |
Hartford Financial Services Group, Inc |
4.000 | 10/15/17 | 100,415 | ||||||||||||
| 100,000 |
g | Liberty Mutual Group, Inc |
6.500 | 05/01/42 | 101,220 | |||||||||||
| 25,000 |
Lincoln National Corp |
7.000 | 06/15/40 | 29,487 | ||||||||||||
| 50,000 |
Metlife, Inc |
5.000 | 06/15/15 | 54,970 | ||||||||||||
| 100,000 |
Metlife, Inc |
6.750 | 06/01/16 | 117,260 | ||||||||||||
| 100,000 |
g | Principal Life Global Funding I |
5.125 | 10/15/13 | 104,678 | |||||||||||
| 150,000 |
Progressive Corp |
3.750 | 08/23/21 | 161,913 | ||||||||||||
| 150,000 |
Prudential Financial, Inc |
6.200 | 11/15/40 | 163,677 | ||||||||||||
| 100,000 |
g | Prudential Funding LLC |
6.750 | 09/15/23 | 119,025 | |||||||||||
| 25,000 |
Travelers Cos, Inc |
5.800 | 05/15/18 | 30,196 | ||||||||||||
| 20,000 |
Unum Group |
5.625 | 09/15/20 | 21,512 | ||||||||||||
| 250,000 |
WellPoint, Inc |
3.125 | 05/15/22 | 252,004 | ||||||||||||
| 150,000 |
WellPoint, Inc |
4.625 | 05/15/42 | 154,632 | ||||||||||||
| 150,000 |
Willis Group Holdings plc |
4.125 | 03/15/16 | 156,812 | ||||||||||||
| 25,000 |
WR Berkley Corp |
5.375 | 09/15/20 | 26,927 | ||||||||||||
|
|
|
|||||||||||||||
| TOTAL INSURANCE |
2,235,236 | |||||||||||||||
|
|
|
|||||||||||||||
| MATERIALS - 2.2% |
||||||||||||||||
| 125,000 |
3M Co |
5.700 | 03/15/37 | 170,032 | ||||||||||||
| 100,000 |
Air Products & Chemicals, Inc |
4.150 | 02/01/13 | 102,069 | ||||||||||||
| 35,000 |
Air Products & Chemicals, Inc |
4.375 | 08/21/19 | 39,897 | ||||||||||||
| 10,000 |
Airgas, Inc |
4.500 | 09/15/14 | 10,686 | ||||||||||||
| 25,000 |
g | Anglo American Capital plc |
4.450 | 09/27/20 | 26,391 | |||||||||||
| 220,000 |
AngloGold Ashanti Holdings plc |
5.375 | 04/15/20 | 226,101 | ||||||||||||
| 35,000 |
ArcelorMittal |
3.750 | 08/05/15 | 35,194 | ||||||||||||
| 60,000 |
ArcelorMittal |
4.500 | 02/25/17 | 59,082 | ||||||||||||
| 150,000 |
ArcelorMittal |
6.250 | 02/25/22 | 146,911 | ||||||||||||
| 32,000 |
Ball Corp |
6.750 | 09/15/20 | 35,200 | ||||||||||||
| 150,000 |
Barrick Gold Corp |
3.850 | 04/01/22 | 155,299 | ||||||||||||
| 125,000 |
Barrick North America Finance LLC |
4.400 | 05/30/21 | 134,728 | ||||||||||||
| 200,000 |
g | Braskem Finance Ltd |
5.375 | 05/02/22 | 201,000 | |||||||||||
| 150,000 |
CF Industries, Inc |
6.875 | 05/01/18 | 177,938 | ||||||||||||
| 50,000 |
Cliffs Natural Resources, Inc |
6.250 | 10/01/40 | 49,103 | ||||||||||||
| 100,000 |
g | Corp Nacional del Cobre de Chile-CODELCO |
3.750 | 11/04/20 | 104,289 | |||||||||||
| 200,000 |
g | Corp Nacional del Cobre de Chile-CODELCO |
3.875 | 11/03/21 | 210,377 | |||||||||||
| 32,000 |
Crown Americas LLC |
6.250 | 02/01/21 | 34,960 | ||||||||||||
| 75,000 |
Domtar Corp |
4.400 | 04/01/22 | 73,481 | ||||||||||||
| 78,000 |
Dow Chemical Co |
4.125 | 11/15/21 | 83,663 | ||||||||||||
| 50,000 |
EI Du Pont de Nemours & Co |
3.250 | 01/15/15 | 53,184 | ||||||||||||
| 32,000 |
Graphic Packaging International, Inc |
9.500 | 06/15/17 | 35,200 | ||||||||||||
| 300,000 |
International Paper Co |
4.750 | 02/15/22 | 327,461 | ||||||||||||
| 50,000 |
International Paper Co |
7.300 | 11/15/39 | 62,426 | ||||||||||||
| 50,000 |
International Paper Co |
6.000 | 11/15/41 | 56,371 | ||||||||||||
| 200,000 |
g | LyondellBasell Industries NV |
6.000 | 11/15/21 | 219,500 | |||||||||||
| 100,000 |
Newmont Mining Corp |
3.500 | 03/15/22 | 98,700 | ||||||||||||
| 50,000 |
Newmont Mining Corp |
4.875 | 03/15/42 | 48,755 | ||||||||||||
| 50,000 |
Praxair, Inc |
5.250 | 11/15/14 | 55,111 | ||||||||||||
| 150,000 |
Praxair, Inc |
2.450 | 02/15/22 | 147,969 | ||||||||||||
| 50,000 |
Rio Tinto Finance USA Ltd |
2.250 | 09/20/16 | 51,687 | ||||||||||||
| 100,000 |
g | Sociedad Quimica y Minera de Chile S.A. |
5.500 | 04/21/20 | 108,420 | |||||||||||
| 130,000 |
Solutia, Inc |
7.875 | 03/15/20 | 152,100 | ||||||||||||
| 200,000 |
Teck Resources Ltd |
10.250 | 05/15/16 | 223,250 | ||||||||||||
| 25,000 |
Teck Resources Ltd |
6.000 | 08/15/40 | 26,198 | ||||||||||||
91
TIAA-CREF LIFE FUNDS - Bond Fund
|
PRINCIPAL |
ISSUER |
RATE | MATURITY DATE |
VALUE | ||||||||||||
| $ 50,000 |
g | Xstrata Canada Financial Corp |
4.950 | % | 11/15/21 | $ | 51,662 | |||||||||
|
|
|
|||||||||||||||
| TOTAL MATERIALS |
3,794,395 | |||||||||||||||
|
|
|
|||||||||||||||
| MEDIA - 2.3% |
||||||||||||||||
| 100,000 |
CBS Corp |
1.950 | 07/01/17 | 99,900 | ||||||||||||
| 250,000 |
Comcast Corp |
4.650 | 07/15/42 | 250,115 | ||||||||||||
| 100,000 |
DIRECTV Holdings LLC |
2.400 | 03/15/17 | 100,658 | ||||||||||||
| 600,000 |
DIRECTV Holdings LLC |
3.800 | 03/15/22 | 606,776 | ||||||||||||
| 200,000 |
DIRECTV Holdings LLC |
5.150 | 03/15/42 | 201,290 | ||||||||||||
| 100,000 |
Discovery Communications LLC |
3.300 | 05/15/22 | 100,922 | ||||||||||||
| 250,000 |
g | DISH DBS Corp |
4.625 | 07/15/17 | 250,313 | |||||||||||
| 350,000 |
Lamar Media Corp |
9.750 | 04/01/14 | 392,000 | ||||||||||||
| 100,000 |
g | Lamar Media Corp |
5.875 | 02/01/22 | 102,500 | |||||||||||
| 25,000 |
NBC Universal Media LLC |
5.150 | 04/30/20 | 28,702 | ||||||||||||
| 600,000 |
NBC Universal Media LLC |
4.375 | 04/01/21 | 660,076 | ||||||||||||
| 25,000 |
News America, Inc |
7.250 | 05/18/18 | 29,976 | ||||||||||||
| 50,000 |
News America, Inc |
6.900 | 08/15/39 | 59,744 | ||||||||||||
| 35,000 |
Nielsen Finance LLC |
7.750 | 10/15/18 | 38,762 | ||||||||||||
| 100,000 |
Time Warner Cable, Inc |
8.750 | 02/14/19 | 132,957 | ||||||||||||
| 125,000 |
Time Warner Cable, Inc |
8.250 | 04/01/19 | 163,337 | ||||||||||||
| 50,000 |
Time Warner, Inc |
3.150 | 07/15/15 | 52,731 | ||||||||||||
| 50,000 |
Time Warner, Inc |
6.500 | 11/15/36 | 59,172 | ||||||||||||
| 250,000 |
Time Warner, Inc |
4.900 | 06/15/42 | 253,662 | ||||||||||||
| 200,000 |
Viacom, Inc |
1.250 | 02/27/15 | 200,498 | ||||||||||||
| 115,000 |
Viacom, Inc |
2.500 | 12/15/16 | 119,067 | ||||||||||||
|
|
|
|||||||||||||||
| TOTAL MEDIA |
3,903,158 | |||||||||||||||
|
|
|
|||||||||||||||
| PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 1.2% |
||||||||||||||||
| 500,000 |
g | Aristotle Holding, Inc |
2.100 | 02/12/15 | 504,889 | |||||||||||
| 100,000 |
g | Aristotle Holding, Inc |
3.900 | 02/15/22 | 103,651 | |||||||||||
| 150,000 |
Johnson & Johnson |
2.150 | 05/15/16 | 156,976 | ||||||||||||
| 50,000 |
Johnson & Johnson |
5.850 | 07/15/38 | 69,356 | ||||||||||||
| 65,000 |
Life Technologies Corp |
3.500 | 01/15/16 | 67,671 | ||||||||||||
| 50,000 |
Mead Johnson Nutrition Co |
5.900 | 11/01/39 | 61,787 | ||||||||||||
| 200,000 |
Merck & Co, Inc |
3.875 | 01/15/21 | 224,924 | ||||||||||||
| 172,000 |
g | Mylan, Inc |
7.875 | 07/15/20 | 192,855 | |||||||||||
| 150,000 |
NBTY, Inc |
9.000 | 10/01/18 | 165,750 | ||||||||||||
| 35,000 |
Novartis Capital Corp |
4.125 | 02/10/14 | 36,949 | ||||||||||||
| 200,000 |
Novartis Capital Corp |
2.900 | 04/24/15 | 211,591 | ||||||||||||
| 250,000 |
Sanofi-Aventis S.A. |
2.625 | 03/29/16 | 262,302 | ||||||||||||
|
|
|
|||||||||||||||
| TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES |
2,058,701 | |||||||||||||||
|
|
|
|||||||||||||||
| REAL ESTATE - 0.8% |
||||||||||||||||
| 15,000 |
AMB Property LP |
7.625 | 08/15/14 | 16,500 | ||||||||||||
| 30,000 |
AMB Property LP |
4.500 | 08/15/17 | 31,362 | ||||||||||||
| 25,000 |
Brandywine Operating Partnership LP |
7.500 | 05/15/15 | 27,761 | ||||||||||||
| 150,000 |
Brandywine Operating Partnership LP |
4.950 | 04/15/18 | 153,613 | ||||||||||||
| 35,000 |
Camden Property Trust |
4.625 | 06/15/21 | 37,609 | ||||||||||||
| 100,000 |
Developers Diversified Realty Corp |
4.750 | 04/15/18 | 103,720 | ||||||||||||
| 40,000 |
Developers Diversified Realty Corp |
7.875 | 09/01/20 | 47,828 | ||||||||||||
| 110,000 |
Health Care REIT, Inc |
3.625 | 03/15/16 | 113,079 | ||||||||||||
| 50,000 |
Health Care REIT, Inc |
4.125 | 04/01/19 | 50,788 | ||||||||||||
| 25,000 |
Healthcare Realty Trust, Inc |
5.750 | 01/15/21 | 26,359 | ||||||||||||
| 147,000 |
Host Hotels & Resorts LP |
5.875 | 06/15/19 | 158,760 | ||||||||||||
| 25,000 |
Kilroy Realty Corp |
5.000 | 11/03/15 | 26,609 | ||||||||||||
| 10,000 |
Kimco Realty Corp |
5.700 | 05/01/17 | 11,075 | ||||||||||||
| 50,000 |
National Retail Properties, Inc |
5.500 | 07/15/21 | 52,999 | ||||||||||||
| 25,000 |
Nationwide Health Properties, Inc |
6.250 | 02/01/13 | 25,675 | ||||||||||||
| 25,000 |
Simon Property Group LP |
5.250 | 12/01/16 | 28,098 | ||||||||||||
| 100,000 |
Simon Property Group LP |
2.800 | 01/30/17 | 102,941 | ||||||||||||
| 40,000 |
Simon Property Group LP |
10.350 | 04/01/19 | 56,112 | ||||||||||||
| 100,000 |
Simon Property Group LP |
3.375 | 03/15/22 | 100,442 | ||||||||||||
| 15,000 |
Ventas Realty LP |
3.125 | 11/30/15 | 15,271 | ||||||||||||
| 50,000 |
Ventas Realty LP |
4.250 | 03/01/22 | 50,346 | ||||||||||||
92
TIAA-CREF LIFE FUNDS - Bond Fund
|
PRINCIPAL |
ISSUER |
RATE | MATURITY DATE |
VALUE | ||||||||||||
| $ 50,000 |
Washington Real Estate Investment Trust |
4.950 | % | 10/01/20 | $ | 53,159 | ||||||||||
|
|
|
|||||||||||||||
| TOTAL REAL ESTATE |
1,290,106 | |||||||||||||||
|
|
|
|||||||||||||||
| RETAILING - 1.5% |
||||||||||||||||
| 130,000 |
AmeriGas Partners LP |
6.250 | 08/20/19 | 130,650 | ||||||||||||
| 61,000 |
Home Depot, Inc |
4.400 | 04/01/21 | 70,408 | ||||||||||||
| 132,000 |
Limited Brands, Inc |
6.625 | 04/01/21 | 144,210 | ||||||||||||
| 205,000 |
Limited Brands, Inc |
5.625 | 02/15/22 | 211,150 | ||||||||||||
| 150,000 |
Macy’s Retail Holdings, Inc |
5.900 | 12/01/16 | 172,899 | ||||||||||||
| 150,000 |
Macy’s Retail Holdings, Inc |
3.875 | 01/15/22 | 157,706 | ||||||||||||
| 35,000 |
O’Reilly Automotive, Inc |
4.625 | 09/15/21 | 36,577 | ||||||||||||
| 510,000 |
g | QVC Inc |
7.375 | 10/15/20 | 564,825 | |||||||||||
| 100,000 |
g | QVC, Inc |
7.500 | 10/01/19 | 111,000 | |||||||||||
| 100,000 |
g | QVC, Inc |
5.125 | 07/02/22 | 102,077 | |||||||||||
| 25,000 |
Staples, Inc |
9.750 | 01/15/14 | 27,943 | ||||||||||||
| 200,000 |
Target Corp |
2.900 | 01/15/22 | 204,354 | ||||||||||||
| 75,000 |
Wal-Mart Stores, Inc |
5.000 | 10/25/40 | 89,684 | ||||||||||||
| 400,000 |
Wal-Mart Stores, Inc |
5.625 | 04/15/41 | 520,589 | ||||||||||||
|
|
|
|||||||||||||||
| TOTAL RETAILING |
2,544,072 | |||||||||||||||
|
|
|
|||||||||||||||
| SOFTWARE & SERVICES - 0.5% |
||||||||||||||||
| 200,000 |
g | Fidelity National Information Services, Inc |
5.000 | 03/15/22 | 203,500 | |||||||||||
| 50,000 |
International Business Machines Corp |
0.550 | 02/06/15 | 49,676 | ||||||||||||
| 250,000 |
International Business Machines Corp |
1.950 | 07/22/16 | 257,175 | ||||||||||||
| 100,000 |
International Business Machines Corp |
1.250 | 02/06/17 | 100,262 | ||||||||||||
| 35,000 |
Microsoft Corp |
0.875 | 09/27/13 | 35,231 | ||||||||||||
| 125,000 |
Microsoft Corp |
1.625 | 09/25/15 | 129,269 | ||||||||||||
| 50,000 |
Oracle Corp |
3.750 | 07/08/14 | 53,092 | ||||||||||||
| 25,000 |
Oracle Corp |
5.750 | 04/15/18 | 30,332 | ||||||||||||
| 65,000 |
Oracle Corp |
3.875 | 07/15/20 | 72,769 | ||||||||||||
|
|
|
|||||||||||||||
| TOTAL SOFTWARE & SERVICES |
931,306 | |||||||||||||||
|
|
|
|||||||||||||||
| TECHNOLOGY HARDWARE & EQUIPMENT - 0.4% |
||||||||||||||||
| 50,000 |
Amphenol Corp |
4.750 | 11/15/14 | 53,796 | ||||||||||||
| 130,000 |
Brocade Communications Systems, Inc |
6.875 | 01/15/20 | 140,725 | ||||||||||||
| 25,000 |
Hewlett-Packard Co |
2.350 | 03/15/15 | 25,390 | ||||||||||||
| 132,000 |
Jabil Circuit, Inc |
5.625 | 12/15/20 | 139,590 | ||||||||||||
| 50,000 |
L-3 Communications Corp |
6.375 | 10/15/15 | 51,094 | ||||||||||||
| 100,000 |
L-3 Communications Corp |
4.950 | 02/15/21 | 108,145 | ||||||||||||
| 100,000 |
Scientific Games Corp |
8.125 | 09/15/18 | 107,250 | ||||||||||||
| 32,000 |
Scientific Games Corp |
9.250 | 06/15/19 | 35,040 | ||||||||||||
| 25,000 |
Xerox Corp |
8.250 | 05/15/14 | 27,876 | ||||||||||||
|
|
|
|||||||||||||||
| TOTAL TECHNOLOGY HARDWARE & EQUIPMENT |
688,906 | |||||||||||||||
|
|
|
|||||||||||||||
| TELECOMMUNICATION SERVICES - 1.5% |
||||||||||||||||
| 240,000 |
America Movil SAB de C.V. |
5.000 | 03/30/20 | 272,555 | ||||||||||||
| 150,000 |
American Tower Corp |
4.700 | 03/15/22 | 153,988 | ||||||||||||
| 100,000 |
AT&T, Inc |
6.150 | 09/15/34 | 120,511 | ||||||||||||
| 125,000 |
AT&T, Inc |
6.300 | 01/15/38 | 155,699 | ||||||||||||
| 100,000 |
BellSouth Corp |
6.875 | 10/15/31 | 121,513 | ||||||||||||
| 25,000 |
BellSouth Corp |
6.550 | 06/15/34 | 29,360 | ||||||||||||
| 175,000 |
Cellco Partnership |
8.500 | 11/15/18 | 239,467 | ||||||||||||
| 100,000 |
Deutsche Telekom International Finance BV |
8.750 | 06/15/30 | 138,803 | ||||||||||||
| 75,000 |
g | Deutsche Telekom International Finance BV |
4.875 | 03/06/42 | 71,253 | |||||||||||
| 50,000 |
Telecom Italia Capital S.A. |
6.175 | 06/18/14 | 50,375 | ||||||||||||
| 25,000 |
Telecom Italia Capital S.A. |
6.999 | 06/04/18 | 24,875 | ||||||||||||
| 200,000 |
Telecom Italia Capital S.A. |
7.175 | 06/18/19 | 199,000 | ||||||||||||
| 150,000 |
Telefonica Emisiones SAU |
3.992 | 02/16/16 | 134,097 | ||||||||||||
| 100,000 |
g | Telefonica Moviles Chile S.A. |
2.875 | 11/09/15 | 100,512 | |||||||||||
| 100,000 |
Telefonos de Mexico SAB de C.V. |
5.500 | 11/15/19 | 116,327 | ||||||||||||
| 95,000 |
Verizon Communications, Inc |
5.250 | 04/15/13 | 98,430 | ||||||||||||
| 40,000 |
Verizon Communications, Inc |
8.750 | 11/01/18 | 54,982 | ||||||||||||
| 25,000 |
Verizon Communications, Inc |
8.950 | 03/01/39 | 41,177 | ||||||||||||
| 200,000 |
g | Vimpelcom Holdings |
6.255 | 03/01/17 | 191,240 | |||||||||||
| 63,000 |
Virgin Media Finance plc |
9.500 | 08/15/16 | 70,245 | ||||||||||||
93
TIAA-CREF LIFE FUNDS - Bond Fund
|
PRINCIPAL |
ISSUER |
RATE | MATURITY DATE |
VALUE | ||||||||||||
| $ 100,000 |
Virgin Media Secured Finance plc |
5.250 | % | 01/15/21 | $ | 110,784 | ||||||||||
|
|
|
|||||||||||||||
| TOTAL TELECOMMUNICATION SERVICES |
2,495,193 | |||||||||||||||
|
|
|
|||||||||||||||
| TRANSPORTATION - 1.1% |
||||||||||||||||
| 200,000 |
ABB Finance USA, Inc |
2.875 | 05/08/22 | 202,311 | ||||||||||||
| 165,000 |
g | Asciano Finance |
5.000 | 04/07/18 | 172,354 | |||||||||||
| 100,000 |
Boeing Co |
6.125 | 02/15/33 | 130,856 | ||||||||||||
| 150,000 |
Burlington Northern Santa Fe LLC |
3.450 | 09/15/21 | 156,940 | ||||||||||||
| 100,000 |
Burlington Northern Santa Fe LLC |
3.050 | 03/15/22 | 100,900 | ||||||||||||
| 100,000 |
Burlington Northern Santa Fe LLC |
5.050 | 03/01/41 | 110,054 | ||||||||||||
| 100,000 |
Burlington Northern Santa Fe LLC |
4.400 | 03/15/42 | 100,699 | ||||||||||||
| 200,000 |
g | DP World Ltd |
6.850 | 07/02/37 | 196,500 | |||||||||||
| 25,000 |
Embraer Overseas Ltd |
6.375 | 01/15/20 | 27,812 | ||||||||||||
| 100,000 |
g | Kazakhstan Temir Zholy Finance BV |
6.375 | 10/06/20 | 110,000 | |||||||||||
| 50,000 |
Norfolk Southern Corp |
5.750 | 04/01/18 | 59,308 | ||||||||||||
| 100,000 |
Norfolk Southern Corp |
5.590 | 05/17/25 | 120,805 | ||||||||||||
| 200,000 |
g | Transnet Ltd |
4.500 | 02/10/16 | 208,508 | |||||||||||
| 65,000 |
Union Pacific Corp |
4.163 | 07/15/22 | 72,416 | ||||||||||||
| 75,000 |
Union Pacific Corp |
4.750 | 09/15/41 | 81,350 | ||||||||||||
| 100,000 |
United Parcel Service, Inc |
3.125 | 01/15/21 | 107,076 | ||||||||||||
|
|
|
|||||||||||||||
| TOTAL TRANSPORTATION |
1,957,889 | |||||||||||||||
|
|
|
|||||||||||||||
| UTILITIES - 3.3% |
||||||||||||||||
| 200,000 |
g | Abu Dhabi National Energy Co |
5.875 | 12/13/21 | 221,250 | |||||||||||
| 100,000 |
g | AES Corp |
7.375 | 07/01/21 | 111,250 | |||||||||||
| 35,000 |
g | AES Gener S.A. |
5.250 | 08/15/21 | 36,996 | |||||||||||
| 50,000 |
AGL Capital Corp |
5.250 | 08/15/19 | 57,917 | ||||||||||||
| 75,000 |
Alliant Energy Corp |
4.000 | 10/15/14 | 78,895 | ||||||||||||
| 75,000 |
Atmos Energy Corp |
8.500 | 03/15/19 | 100,330 | ||||||||||||
| 195,000 |
g | Calpine Corp |
7.500 | 02/15/21 | 210,600 | |||||||||||
| 200,000 |
Carolina Power & Light Co |
5.300 | 01/15/19 | 240,065 | ||||||||||||
| 50,000 |
CenterPoint Energy Houston Electric LLC |
7.000 | 03/01/14 | 55,074 | ||||||||||||
| 100,000 |
CenterPoint Energy Resources Corp |
5.850 | 01/15/41 | 120,526 | ||||||||||||
| 200,000 |
g | Centrais Eletricas Brasileiras S.A. |
5.750 | 10/27/21 | 218,600 | |||||||||||
| 200,000 |
g | CEZ AS. |
4.250 | 04/03/22 | 204,914 | |||||||||||
| 200,000 |
g | China Resources Gas Group Ltd |
4.500 | 04/05/22 | 204,702 | |||||||||||
| 100,000 |
g | Comision Federal de Electricidad |
4.875 | 05/26/21 | 108,000 | |||||||||||
| 200,000 |
g | Comision Federal de Electricidad |
5.750 | 02/14/42 | 210,000 | |||||||||||
| 150,000 |
Commonwealth Edison Co |
4.000 | 08/01/20 | 166,816 | ||||||||||||
| 25,000 |
Connecticut Light & Power Co |
5.500 | 02/01/19 | 29,921 | ||||||||||||
| 35,000 |
Consolidated Edison Co of New York, Inc |
5.700 | 06/15/40 | 44,907 | ||||||||||||
| 100,000 |
Detroit Edison Co |
3.950 | 06/15/42 | 101,642 | ||||||||||||
| 50,000 |
Dominion Resources, Inc |
4.900 | 08/01/41 | 56,508 | ||||||||||||
| 100,000 |
Duke Energy Carolinas LLC |
5.750 | 11/15/13 | 106,735 | ||||||||||||
| 15,000 |
Duke Energy Carolinas LLC |
4.300 | 06/15/20 | 17,155 | ||||||||||||
| 50,000 |
Indiana Michigan Power Co |
7.000 | 03/15/19 | 62,183 | ||||||||||||
| 25,000 |
Integrys Energy Group, Inc |
4.170 | 11/01/20 | 26,967 | ||||||||||||
| 100,000 |
Kinder Morgan Energy Partners LP |
3.500 | 03/01/16 | 105,728 | ||||||||||||
| 100,000 |
g | Korea Hydro & Nuclear Power Co Ltd |
3.125 | 09/16/15 | 102,176 | |||||||||||
| 100,000 |
LG&E and KU Energy LLC |
3.750 | 11/15/20 | 102,452 | ||||||||||||
| 50,000 |
Midamerican Energy Holdings Co |
5.950 | 05/15/37 | 62,017 | ||||||||||||
| 100,000 |
Nevada Power Co |
6.650 | 04/01/36 | 134,609 | ||||||||||||
| 100,000 |
g | Oncor Electric Delivery Co LLC |
4.550 | 12/01/41 | 95,216 | |||||||||||
| 75,000 |
Pacific Gas & Electric Co |
8.250 | 10/15/18 | 101,095 | ||||||||||||
| 100,000 |
Pacific Gas & Electric Co |
4.450 | 04/15/42 | 104,973 | ||||||||||||
| 50,000 |
PacifiCorp |
6.000 | 01/15/39 | 65,694 | ||||||||||||
| 75,000 |
Pepco Holdings, Inc |
2.700 | 10/01/15 | 76,985 | ||||||||||||
| 200,000 |
g | Perusahaan Listrik Negara PT |
5.500 | 11/22/21 | 209,000 | |||||||||||
| 50,000 |
PG&E Corp |
5.750 | 04/01/14 | 53,798 | ||||||||||||
| 300,000 |
PPL Capital Funding, Inc |
4.200 | 06/15/22 | 300,962 | ||||||||||||
| 250,000 |
PPL Electric Utilities Corp |
3.000 | 09/15/21 | 258,955 | ||||||||||||
| 50,000 |
Progress Energy, Inc |
7.050 | 03/15/19 | 62,852 | ||||||||||||
| 75,000 |
Public Service Co of Colorado |
3.200 | 11/15/20 | 80,342 | ||||||||||||
| 80,000 |
Public Service Co of Colorado |
4.750 | 08/15/41 | 92,428 | ||||||||||||
| 100,000 |
Public Service Co of Oklahoma |
5.150 | 12/01/19 | 115,689 | ||||||||||||
94
TIAA-CREF LIFE FUNDS - Bond Fund
|
PRINCIPAL |
ISSUER |
RATE | MATURITY DATE |
VALUE | ||||||||||||
| $ 32,000 |
Questar Market Resources, Inc |
6.875 | % | 03/01/21 | $ | 35,520 | ||||||||||
| 75,000 |
San Diego Gas & Electric Co |
3.000 | 08/15/21 | 79,229 | ||||||||||||
| 25,000 |
San Diego Gas & Electric Co |
3.950 | 11/15/41 | 26,311 | ||||||||||||
| 50,000 |
Sempra Energy |
6.000 | 10/15/39 | 62,105 | ||||||||||||
| 100,000 |
Tampa Electric Co |
4.100 | 06/15/42 | 100,737 | ||||||||||||
| 25,000 |
Veolia Environnement |
5.250 | 06/03/13 | 25,806 | ||||||||||||
| 100,000 |
Virginia Electric and Power Co |
4.750 | 03/01/13 | 102,762 | ||||||||||||
| 55,000 |
Virginia Electric and Power Co |
2.950 | 01/15/22 | 56,662 | ||||||||||||
| 125,000 |
Westar Energy, Inc |
4.125 | 03/01/42 | 130,883 | ||||||||||||
| 50,000 |
Williams Partners LP |
3.800 | 02/15/15 | 52,599 | ||||||||||||
| 75,000 |
Williams Partners LP |
4.000 | 11/15/21 | 77,908 | ||||||||||||
| 75,000 |
Williams Partners LP |
6.300 | 04/15/40 | 88,823 | ||||||||||||
| 50,000 |
Xcel Energy, Inc |
4.800 | 09/15/41 | 55,951 | ||||||||||||
|
|
|
|||||||||||||||
| TOTAL UTILITIES |
5,812,220 | |||||||||||||||
|
|
|
|||||||||||||||
| TOTAL CORPORATE BONDS (Cost $64,082,097) |
67,245,161 | |||||||||||||||
|
|
|
|||||||||||||||
| GOVERNMENT BONDS - 56.0% |
||||||||||||||||
| AGENCY SECURITIES - 2.3% |
||||||||||||||||
| 500,000 |
Federal Farm Credit Bank (FFCB) |
1.375 | 06/25/13 | 505,561 | ||||||||||||
| 1,000,000 |
Federal Home Loan Mortgage Corp (FHLMC) |
0.750 | 03/28/13 | 1,003,614 | ||||||||||||
| 1,000,000 |
Federal National Mortgage Association (FNMA) |
3.000 | 09/16/14 | 1,058,069 | ||||||||||||
| 450,000 |
GMAC, Inc |
1.750 | 10/30/12 | 452,197 | ||||||||||||
| 700,000 |
GMAC, Inc |
2.200 | 12/19/12 | 706,426 | ||||||||||||
| 234,375 |
Totem Ocean Trailer Express, Inc |
4.514 | 12/18/19 | 254,255 | ||||||||||||
|
|
|
|||||||||||||||
| TOTAL AGENCY SECURITIES |
3,980,122 | |||||||||||||||
|
|
|
|||||||||||||||
| FOREIGN GOVERNMENT BONDS - 7.1% |
||||||||||||||||
| 250,000 |
g | Bank of Montreal |
2.625 | 01/25/16 | 263,910 | |||||||||||
| 230,000 |
g | Bank of Nova Scotia |
1.450 | 07/26/13 | 232,332 | |||||||||||
| 750,000 |
g | Bank of Nova Scotia |
1.650 | 10/29/15 | 766,826 | |||||||||||
| 200,000 |
Brazilian Government International Bond |
4.875 | 01/22/21 | 231,300 | ||||||||||||
| 25,000 |
Brazilian Government International Bond |
7.125 | 01/20/37 | 36,063 | ||||||||||||
| 100,000 |
Brazilian Government International Bond |
5.625 | 01/07/41 | 122,650 | ||||||||||||
| 1,900,000 |
g | Caisse Centrale Desjardins du Quebec |
1.600 | 03/06/17 | 1,921,299 | |||||||||||
| 150,000 |
Canada Government International Bond |
2.375 | 09/10/14 | 156,545 | ||||||||||||
| 250,000 |
Canada Government International Bond |
0.875 | 02/14/17 | 251,288 | ||||||||||||
| 200,000 |
g | Canadian Imperial Bank of Commerce |
2.600 | 07/02/15 | 210,348 | |||||||||||
| 150,000 |
Chile Government International Bond |
3.875 | 08/05/20 | 166,500 | ||||||||||||
| 200,000 |
Colombia Government International Bond |
4.375 | 07/12/21 | 224,600 | ||||||||||||
| 200,000 |
g | Croatia Government International Bond |
6.250 | 04/27/17 | 199,461 | |||||||||||
| 100,000 |
g | Dominican Republic International Bond |
7.500 | 05/06/21 | 106,500 | |||||||||||
| 117,000 |
Eksportfinans ASA |
2.000 | 09/15/15 | 104,709 | ||||||||||||
| 100,000 |
European Investment Bank |
4.875 | 02/15/36 | 116,019 | ||||||||||||
| 250,000 |
Export Development Canada |
2.250 | 05/28/15 | 262,535 | ||||||||||||
| 100,000 |
Export-Import Bank of Korea |
5.125 | 06/29/20 | 111,527 | ||||||||||||
| 175,000 |
Federative Republic of Brazil |
6.000 | 01/17/17 | 206,150 | ||||||||||||
| 200,000 |
g | Guatemala Government Bond |
5.750 | 06/06/22 | 208,000 | |||||||||||
| 66,000 |
Hungary Government International Bond |
6.375 | 03/29/21 | 64,284 | ||||||||||||
| 56,000 |
Hungary Government International Bond |
7.625 | 03/29/41 | 54,740 | ||||||||||||
| 200,000 |
g | Iceland Government International Bond |
5.875 | 05/11/22 | 193,956 | |||||||||||
| 200,000 |
g | Indonesia Government International Bond |
3.750 | 04/25/22 | 199,500 | |||||||||||
| 200,000 |
Israel Government International Bond |
4.000 | 06/30/22 | 206,954 | ||||||||||||
| 35,000 |
Italy Government International Bond |
6.875 | 09/27/23 | 35,504 | ||||||||||||
| 100,000 |
g | Lithuania Government International Bond |
5.125 | 09/14/17 | 105,500 | |||||||||||
| 200,000 |
g | Lithuania Government International Bond |
6.625 | 02/01/22 | 229,000 | |||||||||||
| 100,000 |
Mexico Government International Bond |
3.625 | 03/15/22 | 106,150 | ||||||||||||
| 100,000 |
Mexico Government International Bond |
4.750 | 03/08/44 | 107,750 | ||||||||||||
| 200,000 |
g | Namibia International Bonds |
5.500 | 11/03/21 | 208,000 | |||||||||||
| 250,000 |
g | National Bank of Canada |
1.650 | 01/30/14 | 254,263 | |||||||||||
| 250,000 |
g | Nederlandse Waterschapsbank NV |
2.125 | 02/09/17 | 252,356 | |||||||||||
| 25,000 |
Peruvian Government International Bond |
7.350 | 07/21/25 | 35,125 | ||||||||||||
| 80,000 |
Poland Government International Bond |
3.875 | 07/16/15 | 84,464 | ||||||||||||
| 30,000 |
Poland Government International Bond |
6.375 | 07/15/19 | 35,335 | ||||||||||||
95
TIAA-CREF LIFE FUNDS - Bond Fund
|
PRINCIPAL |
ISSUER |
RATE | MATURITY DATE |
VALUE | ||||||||||||
| $ 50,000 |
Poland Government International Bond |
5.000 | % | 03/23/22 | $ | 54,575 | ||||||||||
| 500,000 |
Province of Manitoba Canada |
2.125 | 04/22/13 | 507,098 | ||||||||||||
| 500,000 |
Province of Nova Scotia Canada |
2.375 | 07/21/15 | 522,869 | ||||||||||||
| 300,000 |
Province of Ontario Canada |
4.100 | 06/16/14 | 320,088 | ||||||||||||
| 300,000 |
Province of Ontario Canada |
2.950 | 02/05/15 | 316,505 | ||||||||||||
| 500,000 |
Province of Quebec Canada |
3.500 | 07/29/20 | 550,000 | ||||||||||||
| 200,000 |
g | Qatar Government International Bond |
3.125 | 01/20/17 | 208,500 | |||||||||||
| 100,000 |
Qatar Government International Bond |
5.250 | 01/20/20 | 115,300 | ||||||||||||
| 30,000 |
Republic of Hungary |
6.250 | 01/29/20 | 29,235 | ||||||||||||
| 200,000 |
g | Republic of Indonesia |
5.250 | 01/17/42 | 209,250 | |||||||||||
| 200,000 |
Republic of Turkey |
6.000 | 01/14/41 | 210,500 | ||||||||||||
| 60,000 |
g | Romanian Government International Bond |
6.750 | 02/07/22 | 62,550 | |||||||||||
| 100,000 |
g | Russian Foreign Bond - Eurobond |
3.625 | 04/29/15 | 103,447 | |||||||||||
| 200,000 |
g | Russian Foreign Bond - Eurobond |
5.625 | 04/04/42 | 213,960 | |||||||||||
| 200,000 |
g | Slovakia Government International Bond |
4.375 | 05/21/22 | 197,000 | |||||||||||
| 100,000 |
South Africa Government International Bond |
6.875 | 05/27/19 | 122,750 | ||||||||||||
| 100,000 |
South Africa Government International Bond |
4.665 | 01/17/24 | 108,250 | ||||||||||||
| 100,000 |
Turkey Government International Bond |
5.625 | 03/30/21 | 109,125 | ||||||||||||
| 52,000 |
United Mexican States |
5.875 | 02/17/14 | 55,718 | ||||||||||||
| 50,000 |
United Mexican States |
5.950 | 03/19/19 | 60,950 | ||||||||||||
| 100,000 |
United Mexican States |
5.125 | 01/15/20 | 117,250 | ||||||||||||
|
|
|
|||||||||||||||
| TOTAL FOREIGN GOVERNMENT BONDS |
12,266,363 | |||||||||||||||
|
|
|
|||||||||||||||
| MORTGAGE BACKED - 26.9% |
||||||||||||||||
| 245,108 |
Federal Home Loan Mortgage Corp (FHLMC) (Interest Only) |
4.000 | 06/15/34 | 16,928 | ||||||||||||
| 45,421 |
h,i | FHLMC |
2.380 | 02/01/36 | 48,252 | |||||||||||
| 142,379 |
h,i | FHLMC |
2.469 | 07/01/36 | 150,735 | |||||||||||
| 87,379 |
h,i | FHLMC |
2.603 | 09/01/36 | 93,377 | |||||||||||
| 35,097 |
h,i | FHLMC |
2.605 | 09/01/36 | 37,241 | |||||||||||
| 32,216 |
h,i | FHLMC |
2.828 | 09/01/36 | 34,210 | |||||||||||
| 85,823 |
h,i | FHLMC |
2.835 | 03/01/37 | 91,706 | |||||||||||
| 114,368 |
h,i | FHLMC |
5.932 | 04/01/37 | 124,362 | |||||||||||
| 28,328 |
h,i | FHLMC |
5.758 | 05/01/37 | 30,635 | |||||||||||
| 932,614 |
i | FHLMC (Interest Only) |
6.318 | 09/15/41 | 228,847 | |||||||||||
| 164,968 |
Federal Home Loan Mortgage Corp Gold (FGLMC) |
5.000 | 02/01/19 | 178,778 | ||||||||||||
| 21,436 |
FGLMC |
4.500 | 01/01/20 | 22,911 | ||||||||||||
| 93,467 |
FGLMC |
4.500 | 07/01/20 | 101,108 | ||||||||||||
| 22,875 |
FGLMC |
5.000 | 04/01/23 | 24,486 | ||||||||||||
| 74,799 |
FGLMC |
4.000 | 07/01/24 | 79,093 | ||||||||||||
| 28,565 |
FGLMC |
4.500 | 09/01/24 | 30,375 | ||||||||||||
| 14,163 |
FGLMC |
6.000 | 03/01/33 | 15,880 | ||||||||||||
| 177,987 |
FGLMC |
5.000 | 11/01/33 | 198,004 | ||||||||||||
| 289,040 |
FGLMC |
6.000 | 11/01/33 | 324,077 | ||||||||||||
| 69,017 |
FGLMC |
5.000 | 05/01/34 | 74,600 | ||||||||||||
| 40,695 |
FGLMC |
6.000 | 09/01/34 | 45,081 | ||||||||||||
| 15,976 |
FGLMC |
6.000 | 04/01/35 | 17,603 | ||||||||||||
| 21,821 |
FGLMC |
5.000 | 02/01/36 | 23,522 | ||||||||||||
| 9,637 |
FGLMC |
6.500 | 05/01/36 | 10,821 | ||||||||||||
| 174,700 |
FGLMC |
5.500 | 04/01/37 | 190,097 | ||||||||||||
| 188,164 |
FGLMC |
5.500 | 05/01/37 | 204,746 | ||||||||||||
| 11,418 |
FGLMC |
6.000 | 08/01/37 | 12,542 | ||||||||||||
| 144,014 |
FGLMC |
6.000 | 08/01/37 | 159,572 | ||||||||||||
| 50,271 |
FGLMC |
6.500 | 09/01/37 | 56,448 | ||||||||||||
| 42,147 |
FGLMC |
6.500 | 11/01/37 | 47,324 | ||||||||||||
| 115,788 |
FGLMC |
5.000 | 04/01/38 | 126,964 | ||||||||||||
| 35,560 |
FGLMC |
6.500 | 05/01/38 | 40,243 | ||||||||||||
| 50,043 |
FGLMC |
5.500 | 01/01/39 | 54,407 | ||||||||||||
| 136,437 |
FGLMC |
4.000 | 06/01/39 | 144,886 | ||||||||||||
| 72,200 |
FGLMC |
5.000 | 07/01/39 | 77,612 | ||||||||||||
| 941,953 |
FGLMC |
4.500 | 12/01/39 | 1,029,678 | ||||||||||||
| 102,329 |
FGLMC |
5.000 | 01/01/40 | 110,000 | ||||||||||||
| 567,408 |
FGLMC |
4.500 | 07/01/40 | 620,251 | ||||||||||||
| 1,875 |
Federal National Mortgage Association (FNMA) |
5.000 | 06/01/13 | 1,949 | ||||||||||||
| 1,435,134 |
FNMA |
4.563 | 01/01/15 | 1,517,542 | ||||||||||||
96
TIAA-CREF LIFE FUNDS - Bond Fund
|
PRINCIPAL |
ISSUER |
RATE | MATURITY DATE |
VALUE | ||||||||||||
| $ 44,746 |
FNMA |
5.500 | % | 04/01/18 | $ | 49,030 | ||||||||||
| 46,856 |
FNMA |
5.500 | 05/01/18 | 51,343 | ||||||||||||
| 150,000 |
FNMA |
4.000 | 02/25/19 | 158,726 | ||||||||||||
| 43,544 |
FNMA |
4.500 | 03/01/19 | 46,860 | ||||||||||||
| 20,996 |
FNMA |
4.500 | 06/01/19 | 22,595 | ||||||||||||
| 144,371 |
FNMA |
5.500 | 07/01/20 | 158,239 | ||||||||||||
| 10,340 |
FNMA |
4.500 | 11/01/20 | 11,128 | ||||||||||||
| 84,768 |
FNMA |
4.500 | 12/01/20 | 92,707 | ||||||||||||
| 28,817 |
FNMA |
5.000 | 12/01/20 | 31,205 | ||||||||||||
| 21,433 |
FNMA |
4.500 | 03/01/23 | 22,991 | ||||||||||||
| 84,393 |
FNMA |
5.000 | 04/01/23 | 91,138 | ||||||||||||
| 41,861 |
FNMA |
4.500 | 06/01/23 | 44,905 | ||||||||||||
| 42,476 |
FNMA |
5.000 | 07/01/23 | 45,825 | ||||||||||||
| 53,097 |
FNMA |
5.000 | 07/01/23 | 57,282 | ||||||||||||
| 85,427 |
FNMA |
5.500 | 02/01/24 | 94,131 | ||||||||||||
| 96,675 |
FNMA |
4.500 | 04/01/24 | 103,691 | ||||||||||||
| 59,963 |
FNMA |
4.000 | 05/01/24 | 63,809 | ||||||||||||
| 194,618 |
FNMA |
5.500 | 07/01/24 | 214,202 | ||||||||||||
| 6,877 |
FNMA |
5.500 | 09/01/24 | 7,569 | ||||||||||||
| 308,924 |
FNMA |
4.000 | 02/01/25 | 328,734 | ||||||||||||
| 400,320 |
FNMA |
3.500 | 01/01/26 | 428,438 | ||||||||||||
| 485,409 |
FNMA |
2.500 | 01/01/27 | 501,095 | ||||||||||||
| 947,672 |
FNMA |
3.000 | 01/01/27 | 994,111 | ||||||||||||
| 289,430 |
FNMA |
3.000 | 01/01/27 | 303,613 | ||||||||||||
| 37,856 |
FNMA |
6.500 | 07/01/32 | 43,332 | ||||||||||||
| 46,501 |
FNMA |
5.500 | 01/01/33 | 51,152 | ||||||||||||
| 70,984 |
FNMA |
5.500 | 07/01/33 | 78,038 | ||||||||||||
| 244,721 |
FNMA |
5.500 | 07/01/33 | 271,871 | ||||||||||||
| 539,056 |
FNMA |
5.500 | 07/01/33 | 602,903 | ||||||||||||
| 293,724 |
FNMA |
6.000 | 10/01/33 | 330,751 | ||||||||||||
| 110,315 |
FNMA |
5.000 | 11/01/33 | 120,041 | ||||||||||||
| 447,767 |
FNMA |
5.500 | 11/01/33 | 492,266 | ||||||||||||
| 77,216 |
FNMA |
5.500 | 04/01/34 | 85,227 | ||||||||||||
| 36,023 |
FNMA |
5.000 | 08/01/34 | 39,117 | ||||||||||||
| 39,725 |
FNMA |
5.000 | 11/01/34 | 43,228 | ||||||||||||
| 41,904 |
FNMA |
6.500 | 02/01/35 | 48,005 | ||||||||||||
| 118,689 |
FNMA |
5.500 | 04/01/35 | 130,411 | ||||||||||||
| 18,871 |
FNMA |
7.500 | 06/01/35 | 20,959 | ||||||||||||
| 32,337 |
FNMA |
5.500 | 07/01/35 | 35,692 | ||||||||||||
| 17,570 |
FNMA |
7.500 | 07/01/35 | 18,406 | ||||||||||||
| 40,946 |
FNMA |
4.500 | 08/01/35 | 43,991 | ||||||||||||
| 66,837 |
FNMA |
5.000 | 08/01/35 | 72,521 | ||||||||||||
| 157,582 |
FNMA |
5.500 | 09/01/35 | 173,243 | ||||||||||||
| 61,079 |
FNMA |
5.500 | 10/01/35 | 66,996 | ||||||||||||
| 65,234 |
FNMA |
5.000 | 02/01/36 | 70,942 | ||||||||||||
| 185,917 |
FNMA |
6.000 | 04/01/36 | 204,881 | ||||||||||||
| 131,101 |
FNMA |
6.000 | 06/01/36 | 146,071 | ||||||||||||
| 75,424 |
i | FNMA |
2.385 | 07/01/36 | 79,220 | |||||||||||
| 45,910 |
FNMA |
6.500 | 09/01/36 | 51,834 | ||||||||||||
| 47,079 |
FNMA |
6.000 | 12/01/36 | 51,881 | ||||||||||||
| 28,233 |
FNMA |
5.000 | 02/01/37 | 30,564 | ||||||||||||
| 163,757 |
FNMA |
5.500 | 02/01/37 | 178,905 | ||||||||||||
| 36,659 |
FNMA |
7.000 | 02/01/37 | 42,667 | ||||||||||||
| 86,930 |
FNMA |
5.500 | 03/01/37 | 94,862 | ||||||||||||
| 82,825 |
FNMA |
7.000 | 04/01/37 | 96,398 | ||||||||||||
| 20,752 |
FNMA |
5.500 | 06/01/37 | 22,646 | ||||||||||||
| 22,052 |
FNMA |
6.500 | 08/01/37 | 25,077 | ||||||||||||
| 177,117 |
FNMA |
6.000 | 09/01/37 | 195,183 | ||||||||||||
| 32,094 |
FNMA |
6.000 | 11/01/37 | 35,368 | ||||||||||||
| 19,974 |
FNMA |
7.000 | 11/01/37 | 23,247 | ||||||||||||
| 61,748 |
FNMA |
5.500 | 01/01/38 | 67,383 | ||||||||||||
| 7,661 |
FNMA |
6.500 | 01/01/38 | 8,649 | ||||||||||||
| 532,808 |
FNMA |
5.500 | 02/01/38 | 581,430 | ||||||||||||
| 125,930 |
FNMA |
5.500 | 02/01/38 | 137,422 | ||||||||||||
| 1,503 |
FNMA |
6.500 | 02/01/38 | 1,712 | ||||||||||||
97
TIAA-CREF LIFE FUNDS - Bond Fund
|
PRINCIPAL |
ISSUER |
RATE | MATURITY DATE |
VALUE | ||||||||||||
| $ 10,172 |
FNMA |
6.500 | % | 03/01/38 | $ | 11,462 | ||||||||||
| 4,958 |
FNMA |
6.500 | 03/01/38 | 5,586 | ||||||||||||
| 201,683 |
FNMA |
5.000 | 04/01/38 | 218,331 | ||||||||||||
| 159,509 |
FNMA | 5.000 | 04/01/38 | 172,676 | ||||||||||||
| 81,116 |
FNMA | 6.000 | 04/01/38 | 89,212 | ||||||||||||
| 214,179 |
FNMA | 5.500 | 05/01/38 | 233,724 | ||||||||||||
| 233,594 |
FNMA | 5.500 | 06/01/38 | 254,910 | ||||||||||||
| 535,173 |
FNMA | 6.000 | 07/01/38 | 589,760 | ||||||||||||
| 532,973 |
FNMA | 6.000 | 10/01/38 | 587,336 | ||||||||||||
| 224,631 |
FNMA | 4.000 | 01/01/39 | 239,384 | ||||||||||||
| 66,865 |
FNMA | 4.500 | 01/01/39 | 71,755 | ||||||||||||
| 47,995 |
FNMA | 5.500 | 01/01/39 | 52,375 | ||||||||||||
| 41,572 |
FNMA | 6.000 | 01/01/39 | 45,721 | ||||||||||||
| 54,008 |
FNMA | 6.000 | 01/01/39 | 59,399 | ||||||||||||
| 98,818 |
FNMA | 4.000 | 02/01/39 | 105,277 | ||||||||||||
| 80,278 |
FNMA | 4.500 | 02/01/39 | 86,149 | ||||||||||||
| 413,052 |
FNMA | 4.500 | 02/01/39 | 443,259 | ||||||||||||
| 39,680 |
FNMA | 5.500 | 02/01/39 | 43,301 | ||||||||||||
| 936,858 |
FNMA | 4.500 | 04/01/39 | 1,005,371 | ||||||||||||
| 59,848 |
FNMA | 5.000 | 04/01/39 | 64,788 | ||||||||||||
| 422,187 |
FNMA | 4.000 | 05/01/39 | 457,697 | ||||||||||||
| 320,793 |
FNMA | 4.500 | 06/01/39 | 344,252 | ||||||||||||
| 555,383 |
FNMA | 4.000 | 07/01/39 | 591,857 | ||||||||||||
| 273,800 |
FNMA | 6.500 | 07/01/39 | 308,273 | ||||||||||||
| 395,864 |
FNMA | 4.000 | 08/01/39 | 421,862 | ||||||||||||
| 341,114 |
FNMA | 4.500 | 08/01/39 | 366,060 | ||||||||||||
| 483,511 |
FNMA | 6.000 | 09/01/39 | 531,770 | ||||||||||||
| 226,913 |
FNMA | 4.500 | 10/01/39 | 243,507 | ||||||||||||
| 257,812 |
FNMA | 4.500 | 11/01/39 | 276,666 | ||||||||||||
| 249,763 |
FNMA | 4.500 | 11/01/39 | 268,028 | ||||||||||||
| 189,476 |
FNMA | 5.000 | 11/01/39 | 205,116 | ||||||||||||
| 500,000 |
FNMA | 4.000 | 02/25/40 | 545,645 | ||||||||||||
| 631,935 |
FNMA | 5.000 | 05/01/40 | 697,328 | ||||||||||||
| 402,083 |
FNMA | 5.000 | 06/01/40 | 441,177 | ||||||||||||
| 274,830 |
FNMA | 4.500 | 07/01/40 | 295,787 | ||||||||||||
| 300,218 |
FNMA | 4.500 | 07/01/40 | 323,112 | ||||||||||||
| 386,111 |
FNMA | 5.500 | 07/01/40 | 425,207 | ||||||||||||
| 349,077 |
FNMA | 4.500 | 11/01/40 | 378,799 | ||||||||||||
| 328,879 |
FNMA | 5.000 | 11/01/40 | 360,856 | ||||||||||||
| 188,855 |
FNMA | 4.000 | 12/01/40 | 201,317 | ||||||||||||
| 1,006,377 |
FNMA | 4.000 | 12/01/40 | 1,085,993 | ||||||||||||
| 404,907 |
FNMA | 4.500 | 12/01/40 | 435,784 | ||||||||||||
| 463,399 |
FNMA | 3.500 | 01/01/41 | 489,308 | ||||||||||||
| 276,940 |
FNMA | 4.000 | 02/01/41 | 295,215 | ||||||||||||
| 879,919 |
FNMA | 4.000 | 02/01/41 | 937,982 | ||||||||||||
| 439,942 |
FNMA | 3.500 | 03/01/41 | 462,889 | ||||||||||||
| 235,352 |
FNMA | 4.000 | 04/01/41 | 253,971 | ||||||||||||
| 470,398 |
FNMA | 4.000 | 04/01/41 | 509,964 | ||||||||||||
| 506,164 |
FNMA | 4.500 | 04/01/41 | 549,315 | ||||||||||||
| 532,511 |
FNMA | 4.000 | 08/01/41 | 567,816 | ||||||||||||
| 199,502 |
FNMA | 4.000 | 08/01/41 | 212,729 | ||||||||||||
| 281,527 |
FNMA | 4.000 | 09/01/41 | 303,799 | ||||||||||||
| 276,377 |
FNMA | 3.500 | 10/01/41 | 290,793 | ||||||||||||
| 276,070 |
FNMA | 4.000 | 11/01/41 | 294,373 | ||||||||||||
| 968,317 |
FNMA | 3.500 | 12/01/41 | 1,018,825 | ||||||||||||
| 377,095 |
FNMA |
3.500 | 12/01/41 | 396,765 | ||||||||||||
| 491,705 |
FNMA |
3.500 | 02/01/42 | 517,353 | ||||||||||||
| 1,490,740 |
h | FNMA |
3.000 | 04/01/42 | 1,532,161 | |||||||||||
| 298,345 |
FNMA |
3.500 | 04/01/42 | 316,425 | ||||||||||||
| 26,235 |
Government National Mortgage Association (GNMA) |
5.500 | 07/15/33 | 29,301 | ||||||||||||
| 168,709 |
GNMA |
5.500 | 07/20/33 | 188,531 | ||||||||||||
| 23,028 |
GNMA |
5.000 | 03/15/34 | 25,531 | ||||||||||||
| 176,524 |
GNMA |
5.000 | 06/15/34 | 196,044 | ||||||||||||
| 186,416 |
GNMA |
5.500 | 02/15/37 | 206,979 | ||||||||||||
98
TIAA-CREF LIFE FUNDS - Bond Fund
|
PRINCIPAL |
ISSUER |
RATE | MATURITY DATE |
VALUE | ||||||||||||
| $ 145,421 |
GNMA |
5.000 | % | 01/15/38 | $ | 160,093 | ||||||||||
| 57,120 |
GNMA |
5.000 | 04/15/38 | 62,883 | ||||||||||||
| 125,086 |
GNMA |
5.500 | 05/15/38 | 138,884 | ||||||||||||
| 26,012 |
GNMA |
6.000 | 08/15/38 | 29,233 | ||||||||||||
| 24,496 |
GNMA |
6.000 | 08/20/38 | 27,474 | ||||||||||||
| 361,009 |
GNMA |
5.500 | 07/15/39 | 400,830 | ||||||||||||
| 131,610 |
GNMA |
4.500 | 07/20/39 | 145,060 | ||||||||||||
| 43,094 |
GNMA |
5.000 | 07/20/39 | 47,625 | ||||||||||||
| 56,358 |
GNMA |
4.000 | 08/15/39 | 61,742 | ||||||||||||
| 600,661 |
GNMA |
4.500 | 03/15/40 | 658,846 | ||||||||||||
| 191,321 |
GNMA |
4.500 | 04/15/40 | 209,854 | ||||||||||||
| 345,925 |
GNMA |
5.000 | 04/15/40 | 381,907 | ||||||||||||
| 96,103 |
GNMA |
5.000 | 04/15/40 | 106,099 | ||||||||||||
| 868,788 |
GNMA |
4.500 | 04/20/40 | 959,960 | ||||||||||||
| 613,625 |
GNMA |
4.500 | 05/15/40 | 673,067 | ||||||||||||
| 428,025 |
GNMA |
5.000 | 05/20/40 | 475,434 | ||||||||||||
| 395,537 |
GNMA |
4.500 | 06/15/40 | 435,273 | ||||||||||||
| 361,554 |
GNMA |
5.000 | 06/15/40 | 399,162 | ||||||||||||
| 513,258 |
GNMA |
4.000 | 07/15/40 | 562,291 | ||||||||||||
| 968,609 |
GNMA |
4.000 | 09/15/41 | 1,059,630 | ||||||||||||
| 491,569 |
GNMA |
3.500 | 12/20/41 | 526,126 | ||||||||||||
|
|
|
|||||||||||||||
| TOTAL MORTGAGE BACKED |
45,938,163 | |||||||||||||||
|
|
|
|||||||||||||||
| MUNICIPAL BONDS - 1.1% |
||||||||||||||||
| 1,100,000 |
City of New York, NY |
5.817 | 10/01/31 | 1,234,651 | ||||||||||||
| 150,000 |
Grant County Public Utility District No 2 |
5.630 | 01/01/27 | 178,182 | ||||||||||||
| 100,000 |
State of California |
5.450 | 04/01/15 | 110,615 | ||||||||||||
| 100,000 |
State of California |
5.950 | 04/01/16 | 114,625 | ||||||||||||
| 150,000 |
State of California |
7.625 | 03/01/40 | 193,926 | ||||||||||||
|
|
|
|||||||||||||||
| TOTAL MUNICIPAL BONDS |
1,831,999 | |||||||||||||||
|
|
|
|||||||||||||||
| U.S. TREASURY SECURITIES - 18.6% |
||||||||||||||||
| 675,000 |
United States Treasury Bond |
5.375 | 02/15/31 | 983,602 | ||||||||||||
| 95,000 |
United States Treasury Bond |
3.125 | 02/15/42 | 102,036 | ||||||||||||
| 1,000,000 |
United States Treasury Bond |
3.000 | 05/15/42 | 1,047,344 | ||||||||||||
| 1,695,000 |
United States Treasury Note |
0.625 | 01/31/13 | 1,699,304 | ||||||||||||
| 50,000 |
United States Treasury Note |
0.125 | 08/31/13 | 49,916 | ||||||||||||
| 50,000 |
United States Treasury Note |
0.500 | 10/15/13 | 50,137 | ||||||||||||
| 50,000 |
United States Treasury Note |
0.250 | 10/31/13 | 49,977 | ||||||||||||
| 1,175,000 |
United States Treasury Note |
0.125 | 12/31/13 | 1,171,879 | ||||||||||||
| 1,000,000 |
United States Treasury Note |
0.250 | 02/28/14 | 998,984 | ||||||||||||
| 1,000,000 |
United States Treasury Note |
0.250 | 05/31/14 | 998,750 | ||||||||||||
| 50,000 |
United States Treasury Note |
0.250 | 06/30/14 | 49,937 | ||||||||||||
| 1,180,000 |
United States Treasury Note |
2.375 | 10/31/14 | 1,234,943 | ||||||||||||
| 7,710,000 |
United States Treasury Note |
0.375 | 06/15/15 | 7,703,377 | ||||||||||||
| 45,000 |
United States Treasury Note |
0.625 | 05/31/17 | 44,793 | ||||||||||||
| 7,648,000 |
United States Treasury Note |
0.750 | 06/30/17 | 7,655,770 | ||||||||||||
| 1,000,000 |
United States Treasury Note |
2.625 | 01/31/18 | 1,095,938 | ||||||||||||
| 3,000,000 |
United States Treasury Note |
2.250 | 07/31/18 | 3,229,452 | ||||||||||||
| 800,000 |
United States Treasury Note |
1.375 | 12/31/18 | 817,875 | ||||||||||||
| 1,000,000 |
United States Treasury Note |
1.250 | 04/30/19 | 1,011,094 | ||||||||||||
| 140,100 |
United States Treasury Note |
2.000 | 02/15/22 | 144,818 | ||||||||||||
| 1,571,000 |
United States Treasury Note |
1.750 | 05/15/22 | 1,583,764 | ||||||||||||
|
|
|
|||||||||||||||
| TOTAL U.S. TREASURY SECURITIES |
31,723,690 | |||||||||||||||
|
|
|
|||||||||||||||
| TOTAL GOVERNMENT BONDS (Cost $92,416,861) |
95,740,337 | |||||||||||||||
|
|
|
|||||||||||||||
| STRUCTURED ASSETS - 5.8% |
||||||||||||||||
| ASSET BACKED - 2.0% |
||||||||||||||||
| 50,000 |
AmeriCredit Automobile Receivables Trust |
3.340 | 04/08/16 | 51,883 | ||||||||||||
| Series - 2010 3 (Class C) |
||||||||||||||||
| 100,000 |
g | Avis Budget Rental Car Funding AESOP LLC |
3.150 | 03/20/17 | 104,944 | |||||||||||
| Series - 2010 5A (Class A) |
||||||||||||||||
| 74,395 |
i | Bear Stearns Asset Backed Securities Trust |
0.615 | 11/25/39 | 67,142 | |||||||||||
| Series - 2005 SD3 (Class 2A1) |
||||||||||||||||
99
TIAA-CREF LIFE FUNDS - Bond Fund
|
PRINCIPAL |
ISSUER |
RATE | MATURITY DATE |
VALUE | ||||||||||||
| $ 250,000 |
g,i | BlueMountain CLO Ltd |
3.364 | % | 07/20/23 | $ | 242,500 | |||||||||
| Series - 2012 1A (Class B) |
||||||||||||||||
| 200,000 |
g | Carlyle Global Market Strategies |
4.370 | 07/20/23 | 200,000 | |||||||||||
| Series - 2012 2A (Class B2) |
||||||||||||||||
| 292,018 |
Centex Home Equity |
5.540 | 01/25/32 | 294,205 | ||||||||||||
| Series - 2002 A (Class AF6) |
||||||||||||||||
| 337,182 |
i | Chase Funding Mortgage Loan Asset-Backed Certificates |
5.700 | 02/25/35 | 75,201 | |||||||||||
| Series - 2004 2 (Class 1B) |
||||||||||||||||
| 334,749 |
CIT Group Home Equity Loan Trust |
6.390 | 12/25/30 | 47,129 | ||||||||||||
| Series - 2002 2 (Class MF2) |
||||||||||||||||
| 200,000 |
g,h | Commercial Industrial Finance Corp |
2.661 | 08/14/24 | 200,000 | |||||||||||
| Series - 2012 1A (Class A1F) |
||||||||||||||||
| 33,279 |
i | Countrywide Asset-Backed Certificates |
5.683 | 10/25/46 | 33,312 | |||||||||||
| Series - 2006 15 (Class A2) |
||||||||||||||||
| 175,000 |
g,i | DB/UBS Mortgage Trust |
5.728 | 11/10/46 | 179,818 | |||||||||||
| Series - 2011 LC1A (Class C) |
||||||||||||||||
| 412,514 |
g | Flagstar Home Equity Loan Trust |
5.781 | 01/25/35 | 394,054 | |||||||||||
| Series - 2007 1A (Class AF3) |
||||||||||||||||
| 75,000 |
Ford Credit Auto Owner Trust |
3.210 | 07/15/17 | 78,031 | ||||||||||||
| Series - 2011 A (Class D) |
||||||||||||||||
| 200,000 |
Hertz Vehicle Financing LLC |
5.930 | 03/25/16 | 216,319 | ||||||||||||
| 221,695 |
Lehman XS Trust |
6.500 | 06/25/46 | 123,627 | ||||||||||||
| Series - 2006 13 (Class 2A1) |
||||||||||||||||
| 43,412 |
i | Long Beach Mortgage Loan Trust |
0.995 | 02/25/35 | 42,874 | |||||||||||
| Series - 2005 1 (Class M1) |
||||||||||||||||
| 695 |
i | Morgan Stanley ABS Capital I |
0.285 | 01/25/37 | 692 | |||||||||||
| Series - 2007 HE2 (Class A2A) |
||||||||||||||||
| 310,000 |
Renaissance Home Equity Loan Trust |
5.586 | 11/25/36 | 145,686 | ||||||||||||
| Series - 2006 3 (Class AF3) |
||||||||||||||||
| 26,718 |
i | Residential Asset Securities Corp |
0.675 | 04/25/35 | 25,188 | |||||||||||
| Series - 2005 KS3 (Class M3) |
||||||||||||||||
| 100,000 |
Residential Funding Mortgage Securities II, Inc |
6.060 | 02/25/36 | 86,787 | ||||||||||||
| Series - 2006 HI1 (Class M2) |
||||||||||||||||
| 51,474 |
i | Securitized Asset Backed Receivables LLC |
0.545 | 10/25/35 | 49,021 | |||||||||||
| Series - 2006 OP1 (Class A2C) |
||||||||||||||||
| 173,611 |
g,m | Sierra Receivables Funding Co LLC |
3.580 | 11/20/28 | 175,388 | |||||||||||
| Series - 2012 1A (Class B) |
||||||||||||||||
| 60,000 |
g | SLM Student Loan Trust |
3.740 | 02/15/29 | 61,982 | |||||||||||
| Series - 2011 B (Class A2) |
||||||||||||||||
| 109,980 |
i | Soundview Home Equity Loan Trust |
0.545 | 11/25/35 | 102,984 | |||||||||||
| Series - 2005 OPT3 (Class A4) |
||||||||||||||||
| 20,313 |
i | Soundview Home Equity Loan Trust |
0.355 | 10/25/36 | 20,165 | |||||||||||
| Series - 2006 EQ1 (Class A2) |
||||||||||||||||
| 35,026 |
i | Structured Asset Investment Loan Trust |
0.645 | 05/25/35 | 33,648 | |||||||||||
| Series - 2005 4 (Class M1) |
||||||||||||||||
| 57,339 |
i | Structured Asset Investment Loan Trust |
0.525 | 12/25/35 | 56,836 | |||||||||||
| Series - 2005 10 (Class A5) |
||||||||||||||||
| 100,000 |
g | Vornado DP LLC |
5.280 | 09/13/28 | 105,939 | |||||||||||
| Series - 2010 VNO (Class C) |
||||||||||||||||
| 112,304 |
g,m | Wachovia Amortization Controlled Heloc NIM |
5.683 | 08/12/47 | 102,197 | |||||||||||
| Series - 2006 N1 (Class N1) |
||||||||||||||||
| 25,546 |
i | Wells Fargo Home Equity Trust |
0.385 | 07/25/36 | 23,231 | |||||||||||
| Series - 2006 2 (Class A3) |
||||||||||||||||
|
|
|
|||||||||||||||
| TOTAL ASSET BACKED |
3,340,783 | |||||||||||||||
|
|
|
|||||||||||||||
| OTHER MORTGAGE BACKED - 3.8% |
||||||||||||||||
| 110,000 |
Banc of America Commercial Mortgage, Inc |
5.675 | 07/10/46 | 116,945 | ||||||||||||
| Series - 2006 4 (Class AM) |
||||||||||||||||
| 200,000 |
g,i | Banc of America Large Loan, Inc |
0.552 | 03/15/22 | 196,010 | |||||||||||
| Series - 2005 MIB1 (Class C) |
||||||||||||||||
| 46,857 |
Bear Stearns Asset Backed Securities Trust |
5.250 | 04/25/35 | 40,550 | ||||||||||||
| Series - 2005 AC2 (Class 1A) |
||||||||||||||||
| 25,000 |
Bear Stearns Commercial Mortgage Securities |
5.201 | 12/11/38 | 28,239 | ||||||||||||
| Series - 2006 PW14 (Class A4) |
||||||||||||||||
100
TIAA-CREF LIFE FUNDS - Bond Fund
|
PRINCIPAL |
ISSUER |
RATE | MATURITY DATE |
VALUE | ||||||||||||
| $ 80,000 |
i | Bear Stearns Commercial Mortgage Securities |
5.582 | % | 09/11/41 | $ | 85,640 | |||||||||
| Series - 2006 PW13 (Class AM) |
||||||||||||||||
| 50,000 |
i | Bear Stearns Commercial Mortgage Securities |
5.568 | 10/12/41 | 53,636 | |||||||||||
| Series - 2006 T24 (Class AM) |
||||||||||||||||
| 75,000 |
i | Bear Stearns Commercial Mortgage Securities |
4.750 | 02/13/46 | 79,942 | |||||||||||
| Series - 2004 T16 (Class A6) |
||||||||||||||||
| 365,000 |
g | Commercial Mortgage Pass Through Certificates |
4.305 | 12/10/24 | 367,255 | |||||||||||
| Series - 2011 STRT (Class B) |
||||||||||||||||
| 200,000 |
g | Commercial Mortgage Pass Through Certificates |
4.755 | 12/10/24 | 201,111 | |||||||||||
| Series - 2011 STRT (Class C) |
||||||||||||||||
| 185,000 |
g | Commercial Mortgage Pass Through Certificates |
2.365 | 02/10/29 | 189,240 | |||||||||||
| Series - 2012 9W57 (Class A) |
||||||||||||||||
| 335,000 |
i | Commercial Mortgage Pass Through Certificates |
5.650 | 12/10/49 | 352,826 | |||||||||||
| Series - 2007 C9 (Class AM) |
||||||||||||||||
| 58,232 |
Countrywide Alternative Loan Trust |
5.500 | 08/25/16 | 59,861 | ||||||||||||
| Series - 2004 30CB (Class 1A15) |
||||||||||||||||
| 22,437 |
Countrywide Home Loan Mortgage Pass Through Trust |
5.250 | 05/25/35 | 22,305 | ||||||||||||
| Series - 2005 12 (Class 1A5) |
||||||||||||||||
| 9,456 |
Countrywide Home Loan Mortgage Pass Through Trust |
5.500 | 09/25/35 | 9,481 | ||||||||||||
| Series - 2005 J3 (Class 1A1) |
||||||||||||||||
| 125,000 |
g | Credit Suisse Mortgage Capital Certificates |
5.626 | 05/15/23 | 140,050 | |||||||||||
| Series - 2006 OMA (Class D) |
||||||||||||||||
| 100,000 |
g | Credit Suisse Mortgage Capital Certificates |
5.383 | 02/15/40 | 97,909 | |||||||||||
| Series - 2009 RR1 (Class A3C) |
||||||||||||||||
| 50,000 |
CS First Boston Mortgage Securities Corp |
4.052 | 05/15/38 | 50,825 | ||||||||||||
| Series - 2003 C3 (Class B) |
||||||||||||||||
| 100,000 |
g,i,m | GS Mortgage Securities Corp II |
4.276 | 04/10/34 | 101,616 | |||||||||||
| Series - 2012 GSMS (Class C) |
||||||||||||||||
| 70,000 |
g,i | GS Mortgage Securities Corp II |
5.403 | 12/10/43 | 75,794 | |||||||||||
| Series - 2010 C2 (Class B) |
||||||||||||||||
| 120,000 |
g,i | GS Mortgage Securities Corp II |
5.403 | 12/10/43 | 119,072 | |||||||||||
| Series - 2010 C2 (Class C) |
||||||||||||||||
| 50,000 |
g,i | HVB Mortgage Capital Corp |
2.291 | 09/10/22 | 48,325 | |||||||||||
| Series - 2003 FL1A (Class J) |
||||||||||||||||
| 112,559 |
g,i | JP Morgan Chase Commercial Mortgage Securities Corp |
0.617 | 07/15/19 | 108,901 | |||||||||||
| Series - 2007 FL1A (Class A1) |
||||||||||||||||
| 180,663 |
g,i | JP Morgan Chase Commercial Mortgage Securities Corp |
7.931 | 10/12/37 | 182,325 | |||||||||||
| Series - 2002 CIB5 (Class S1) |
||||||||||||||||
| 64,522 |
g,i | JP Morgan Chase Commercial Mortgage Securities Corp |
8.648 | 10/12/37 | 65,006 | |||||||||||
| Series - 2002 CIB5 (Class S2) |
||||||||||||||||
| 140,000 |
JP Morgan Chase Commercial Mortgage Securities Corp |
5.440 | 05/15/45 | 150,278 | ||||||||||||
| Series - 2006 LDP8 (Class AM) |
||||||||||||||||
| 100,000 |
g,i | JP Morgan Chase Commercial Mortgage Securities Corp |
5.431 | 07/15/46 | 95,234 | |||||||||||
| Series - 2011 C4 (Class C) |
||||||||||||||||
| 150,000 |
JP Morgan Chase Commercial Mortgage Securities Corp |
5.336 | 05/15/47 | 165,952 | ||||||||||||
| Series - 2006 LDP9 (Class A3) |
||||||||||||||||
| 200,000 |
i | JP Morgan Chase Commercial Mortgage Securities Corp |
6.009 | 06/15/49 | 219,561 | |||||||||||
| Series - 2007 LD11 (Class A4) |
||||||||||||||||
| 14,736 |
i | JP Morgan Mortgage Trust |
4.277 | 04/25/35 | 14,860 | |||||||||||
| Series - 2005 A2 (Class 5A1) |
||||||||||||||||
| 50,000 |
i | LB-UBS Commercial Mortgage Trust |
5.150 | 04/15/30 | 54,927 | |||||||||||
| Series - 2005 C2 (Class A5) |
||||||||||||||||
| 220,000 |
LB-UBS Commercial Mortgage Trust |
5.424 | 02/15/40 | 248,206 | ||||||||||||
| Series - 2007 C1 (Class A4) |
||||||||||||||||
| 50,000 |
LB-UBS Commercial Mortgage Trust |
5.430 | 02/15/40 | 55,813 | ||||||||||||
| Series - 2007 C2 (Class A3) |
||||||||||||||||
| 75,000 |
i | LB-UBS Commercial Mortgage Trust |
5.858 | 07/15/40 | 85,655 | |||||||||||
| Series - 2007 C6 (Class A4) |
||||||||||||||||
| 21,901 |
MASTER Asset Securitization Trust |
5.000 | 05/25/35 | 22,000 | ||||||||||||
| Series - 2005 1 (Class 2A5) |
||||||||||||||||
| 41,024 |
i | Merrill Lynch Mortgage Trust |
5.107 | 07/12/38 | 44,200 | |||||||||||
| Series - 2005 CIP1 (Class AM) |
||||||||||||||||
| 75,000 |
i | Merrill Lynch/Countrywide Commercial Mortgage Trust |
5.607 | 02/12/39 | 84,115 | |||||||||||
| Series - 2006 1 (Class A4) |
||||||||||||||||
101
TIAA-CREF LIFE FUNDS - Bond Fund
|
PRINCIPAL |
ISSUER |
RATE | MATURITY DATE |
VALUE | ||||||||||||
| $ 130,000 |
i | Merrill Lynch/Countrywide Commercial Mortgage Trust |
5.172 | % | 12/12/49 | $ | 144,033 | |||||||||
| Series - 2006 4 (Class A3) |
||||||||||||||||
| 270,000 |
i | Morgan Stanley Capital I |
5.447 | 02/12/44 | 305,288 | |||||||||||
| Series - 2007 HQ11 (Class A4) |
||||||||||||||||
| 22,000 |
g,i | Morgan Stanley Capital I |
5.422 | 09/15/47 | 19,971 | |||||||||||
| Series - 2011 C1 (Class D) |
||||||||||||||||
| 252,000 |
g,i | Morgan Stanley Capital I |
5.422 | 09/15/47 | 251,231 | |||||||||||
| Series - 2011 C1 (Class C) |
||||||||||||||||
| 30,000 |
i | Morgan Stanley Capital I |
5.544 | 11/12/49 | 31,071 | |||||||||||
| Series - 2007 T25 (Class AM) |
||||||||||||||||
| 132,570 |
Residential Accredit Loans, Inc |
4.350 | 03/25/34 | 136,487 | ||||||||||||
| Series - 2004 QS4 (Class A1) |
||||||||||||||||
| 195,433 |
i | Residential Accredit Loans, Inc |
0.435 | 05/25/46 | 103,443 | |||||||||||
| Series - 2006 QO5 (Class 2A1) |
||||||||||||||||
| 92,451 |
g,i | Springleaf Mortgage Loan Trust |
2.667 | 09/25/57 | 92,392 | |||||||||||
| Series - 2012 1A (Class A) |
||||||||||||||||
| 9,027 |
i | Structured Adjustable Rate Mortgage Loan Trust |
1.005 | 03/25/35 | 8,897 | |||||||||||
| Series - 2005 6XS (Class A3) |
||||||||||||||||
| 16,769 |
Wachovia Bank Commercial Mortgage Trust |
5.246 | 12/15/43 | 17,367 | ||||||||||||
| Series - 2007 C30 (Class A3) |
||||||||||||||||
| 200,000 |
Wachovia Bank Commercial Mortgage Trust |
5.342 | 12/15/43 | 215,821 | ||||||||||||
| Series - 2007 C30 (Class A5) |
||||||||||||||||
| 290,000 |
i | Wachovia Bank Commercial Mortgage Trust |
6.171 | 06/15/45 | 316,648 | |||||||||||
| Series - 2006 C26 (Class AM) |
||||||||||||||||
| 85,000 |
Wachovia Bank Commercial Mortgage Trust |
5.500 | 04/15/47 | 92,666 | ||||||||||||
| Series - 2007 C31 (Class A5) |
||||||||||||||||
| 540,000 |
Wachovia Bank Commercial Mortgage Trust |
5.339 | 11/15/48 | 563,163 | ||||||||||||
| Series - 2006 C29 (Class AM) |
||||||||||||||||
| 50,000 |
i | Wachovia Bank Commercial Mortgage Trust |
6.097 | 02/15/51 | 56,031 | |||||||||||
| Series - 2007 C33 (Class A4) |
||||||||||||||||
| 23,718 |
Wells Fargo Mortgage Backed Securities Trust |
5.500 | 04/25/35 | 23,710 | ||||||||||||
| Series - 2005 2 (Class 1A1) |
||||||||||||||||
| 50,000 |
g,i | Wells Fargo Mortgage Backed Securities Trust |
5.276 | 11/15/43 | 55,576 | |||||||||||
| Series - 2010 C1 (Class B) |
||||||||||||||||
|
|
|
|||||||||||||||
| TOTAL OTHER MORTGAGE BACKED |
6,467,460 | |||||||||||||||
|
|
|
|||||||||||||||
| TOTAL STRUCTURED ASSETS (Cost $10,233,110) |
9,808,243 | |||||||||||||||
|
|
|
|||||||||||||||
| TOTAL BONDS |
172,793,741 | |||||||||||||||
|
|
|
|||||||||||||||
| (Cost $166,732,068) |
||||||||||||||||
|
SHARES |
COMPANY |
|||||||||||||||
| PREFERRED STOCKS - 0.0% |
||||||||||||||||
| BANKS - 0.0% |
||||||||||||||||
| 5,517 |
* | Federal Home Loan Mortgage Corp |
8.375 | 12/30/49 | 11,972 | |||||||||||
| 17,265 |
* | Federal National Mortgage Association |
8.250 | 12/30/49 | 28,142 | |||||||||||
|
|
|
|||||||||||||||
| TOTAL BANKS |
40,114 | |||||||||||||||
|
|
|
|||||||||||||||
| TOTAL PREFERRED STOCKS (Cost $569,550) |
40,114 | |||||||||||||||
|
|
|
|||||||||||||||
102
TIAA-CREF LIFE FUNDS - Bond Fund
|
PRINCIPAL |
ISSUER |
VALUE | ||||||||||||||
| SHORT-TERM INVESTMENTS - 0.5% |
||||||||||||||||
| TREASURY DEBT - 0.5% |
||||||||||||||||
| $ 850,000 |
United States Treasury Bill |
0.007 | % | 09/06/12 | $ | 849,895 | ||||||||||
|
|
|
|||||||||||||||
| TOTAL TREASURY DEBT |
849,895 | |||||||||||||||
|
|
|
|||||||||||||||
| TOTAL SHORT-TERM INVESTMENTS (Cost $849,895) |
849,895 | |||||||||||||||
|
|
|
|||||||||||||||
| TOTAL INVESTMENTS - 101.6% (Cost $168,151,513) |
173,683,750 | |||||||||||||||
| OTHER ASSETS & LIABILITIES, NET - (1.6)% |
(2,799,235 | ) | ||||||||||||||
|
|
|
|||||||||||||||
| NET ASSETS - 100.0% | $ | 170,884,515 | ||||||||||||||
|
|
|
|||||||||||||||
Abbreviation(s):
ABS Asset-Based Security
REIT Real Estate Investment Trust
| * | Non-income producing. |
| g | Security is exempt from registration under Rule 144(A) of the Securities Act of 1933 and may be resold in transactions exempt from registration to qualified institutional buyers. At 6/30/2012, the aggregate value of these securities amounted to $24,548,235 or 14.4% of net assets. |
| h | All or a portion of these securities were purchased on a delayed delivery basis. |
| i | Floating or variable rate security. Coupon reflects the rate at period end. |
| m | Indicates a security that has been deemed illiquid. |
103
TIAA-CREF LIFE FUNDS - Money Market Fund
TIAA-CREF LIFE FUNDS
MONEY MARKET FUND
SCHEDULE OF INVESTMENTS (Unaudited)
June 30, 2012
|
PRINCIPAL |
ISSUER |
RATE | MATURITY DATE |
VALUE | ||||||||||||
| SHORT-TERM INVESTMENTS - 98.7% |
||||||||||||||||
| BANKERS’ ACCEPTANCES - 0.5% |
||||||||||||||||
| $ 130,000 |
JPMorgan Chase Bank NA |
0.200 | % | 07/02/12 | $ | 129,999 | ||||||||||
| 187,000 |
JPMorgan Chase Bank NA |
0.240 | 07/05/12 | 186,996 | ||||||||||||
|
|
|
|||||||||||||||
| TOTAL BANKERS’ ACCEPTANCES |
316,995 | |||||||||||||||
|
|
|
|||||||||||||||
| CERTIFICATE OF DEPOSIT - 3.9% |
||||||||||||||||
| 295,000 |
Bank of Nova Scotia |
0.340 | 12/11/12 | 295,000 | ||||||||||||
| 300,000 |
Canadian Imperial Bank of Commerce |
0.150 | 07/06/12 | 300,000 | ||||||||||||
| 300,000 |
Standard Chartered Bank NY |
0.510 | 10/17/12 | 300,018 | ||||||||||||
| 1,000,000 |
Toronto-Dominion Bank |
0.140 | 07/12/12 | 1,000,000 | ||||||||||||
| 385,000 |
Toronto-Dominion Bank |
0.210 | 09/18/12 | 385,000 | ||||||||||||
|
|
|
|||||||||||||||
| TOTAL CERTIFICATE OF DEPOSIT |
2,280,018 | |||||||||||||||
|
|
|
|||||||||||||||
| COMMERCIAL PAPER - 42.6% |
||||||||||||||||
| 500,000 |
Australia & New Zealand Banking Group Ltd |
0.250 | 07/25/12 | 499,917 | ||||||||||||
| 750,000 |
Australia & New Zealand Banking Group Ltd |
0.230 | 09/17/12 | 749,626 | ||||||||||||
| 295,000 |
Bank of Nova Scotia |
0.220 | 07/17/12 | 294,971 | ||||||||||||
| 410,000 |
Bank of Nova Scotia |
0.235 | 08/03/12 | 409,912 | ||||||||||||
| 350,000 |
y | Coca-Cola Co |
0.200 | 08/01/12 | 349,940 | |||||||||||
| 250,000 |
y | Coca-Cola Co |
0.210 | 08/02/12 | 249,953 | |||||||||||
| 400,000 |
y | Coca-Cola Co |
0.230 | 08/13/12 | 399,890 | |||||||||||
| 250,000 |
y | Coca-Cola Co |
0.170 | 08/24/12 | 249,936 | |||||||||||
| 400,000 |
y | Coca-Cola Co |
0.200 | 09/13/12 | 399,836 | |||||||||||
| 250,000 |
y | Coca-Cola Co |
0.215 | 10/03/12 | 249,860 | |||||||||||
| 400,000 |
y | Colgate-Palmolive Co |
0.110 | 07/03/12 | 399,997 | |||||||||||
| 300,000 |
y | Commonwealth Bank of Australia |
0.220 | 07/06/12 | 299,991 | |||||||||||
| 250,000 |
y | Commonwealth Bank of Australia |
0.250 | 08/01/12 | 249,946 | |||||||||||
| 500,000 |
y | Commonwealth Bank of Australia |
0.200 | 08/09/12 | 499,892 | |||||||||||
| 390,000 |
y | Commonwealth Bank of Australia |
0.240 | 09/07/12 | 389,823 | |||||||||||
| 398,000 |
y | Fairway Finance LLC |
0.195 | 08/16/12 | 397,901 | |||||||||||
| 285,000 |
y | Fairway Finance LLC |
0.190 | 08/17/12 | 284,929 | |||||||||||
| 500,000 |
General Electric Capital Corp |
0.310 | 07/26/12 | 499,892 | ||||||||||||
| 950,000 |
General Electric Capital Corp |
0.310 | 07/30/12 | 949,782 | ||||||||||||
| 500,000 |
y | Johnson & Johnson |
0.140 | 07/09/12 | 499,985 | |||||||||||
| 500,000 |
y | Johnson & Johnson |
0.150 | 07/23/12 | 499,954 | |||||||||||
| 400,000 |
y | Jupiter Securitization Co LLC |
0.200 | 07/03/12 | 399,995 | |||||||||||
| 370,000 |
y | Jupiter Securitization Co LLC |
0.290 | 08/23/12 | 369,842 | |||||||||||
| 322,000 |
Merck & Co, Inc |
0.140 | 07/03/12 | 321,997 | ||||||||||||
| 340,000 |
y | National Australia Funding(Delaware) |
0.350 | 09/17/12 | 339,742 | |||||||||||
| 350,000 |
y | National Australia Funding(Delaware) |
0.345 | 09/18/12 | 349,735 | |||||||||||
| 300,000 |
y | Nestle Capital Corp |
0.160 | 07/13/12 | 299,984 | |||||||||||
| 385,000 |
y | Nestle Capital Corp |
0.160 | 07/18/12 | 384,971 | |||||||||||
| 750,000 |
y | Nestle Capital Corp |
0.120 | 08/02/12 | 749,920 | |||||||||||
| 300,000 |
Novartis Finance Corp |
0.140 | 07/09/12 | 299,991 | ||||||||||||
| 500,000 |
Novartis Finance Corp |
0.150 | 08/07/12 | 499,923 | ||||||||||||
| 250,000 |
y | Old Line Funding LLC |
0.200 | 08/15/12 | 249,938 | |||||||||||
| 500,000 |
y | Old Line Funding LLC |
0.180 | 08/27/12 | 499,858 | |||||||||||
| 300,000 |
y | Old Line Funding LLC |
0.180 | 08/28/12 | 299,913 | |||||||||||
| 500,000 |
y | Old Line Funding LLC |
0.220 | 09/04/12 | 499,801 | |||||||||||
| 320,000 |
y | Old Line Funding LLC |
0.210 | 09/25/12 | 319,839 | |||||||||||
| 500,000 |
PACCAR Financial Corp |
0.150 | 07/10/12 | 499,981 | ||||||||||||
| 295,000 |
y | Private Export Funding Corp |
0.255 | 08/23/12 | 294,889 | |||||||||||
| 500,000 |
y | Private Export Funding Corp |
0.310 | 09/10/12 | 499,695 | |||||||||||
| 250,000 |
y | Private Export Funding Corp |
0.235 | 09/24/12 | 249,861 | |||||||||||
| 250,000 |
y | Procter & Gamble Co |
0.150 | 08/20/12 | 249,948 | |||||||||||
| 300,000 |
Province of British Columbia Canada |
0.160 | 07/09/12 | 299,989 | ||||||||||||
104
TIAA-CREF LIFE FUNDS - Money Market Fund
|
PRINCIPAL |
ISSUER |
RATE | MATURITY DATE |
VALUE | ||||||||||||
| $ 350,000 |
Province of British Columbia Canada |
0.140 | % | 07/19/12 | $ | 349,975 | ||||||||||
| 295,000 |
Province of British Columbia Canada |
0.180 | 09/24/12 | 294,875 | ||||||||||||
| 550,000 |
Province of Quebec Canada |
0.180 | 09/18/12 | 549,783 | ||||||||||||
| 250,000 |
Standard Chartered Bank |
0.185 | 07/19/12 | 249,977 | ||||||||||||
| 274,000 |
Straight-A Funding LLC |
0.180 | 07/02/12 | 273,999 | ||||||||||||
| 500,000 |
Straight-A Funding LLC |
0.160 | 07/17/12 | 499,964 | ||||||||||||
| 302,000 |
Straight-A Funding LLC |
0.180 | 07/24/12 | 301,965 | ||||||||||||
| 399,000 |
Straight-A Funding LLC |
0.180 | 08/03/12 | 398,934 | ||||||||||||
| 400,000 |
Straight-A Funding LLC |
0.180 | 08/14/12 | 399,912 | ||||||||||||
| 395,000 |
y | Toronto-Dominion Holdings USA, Inc |
0.180 | 07/26/12 | 394,951 | |||||||||||
| 300,000 |
y | Unilever Capital Corp |
0.225 | 08/31/12 | 299,886 | |||||||||||
| 260,000 |
US Bank NA |
0.200 | 07/19/12 | 260,000 | ||||||||||||
| 240,000 |
US Bank NA |
0.250 | 08/10/12 | 239,933 | ||||||||||||
| 335,000 |
y | Variable Funding Capital Co LLC |
0.190 | 07/16/12 | 334,974 | |||||||||||
| 551,000 |
y | Variable Funding Capital Co LLC |
0.200 | 07/20/12 | 550,942 | |||||||||||
| 300,000 |
y | Variable Funding Capital Co LLC |
0.200 | 07/25/12 | 299,960 | |||||||||||
| 330,000 |
y | Variable Funding Capital Co LLC |
0.200 | 08/08/12 | 329,930 | |||||||||||
| 500,000 |
y | Wal-Mart Stores, Inc |
0.110 | 07/10/12 | 499,986 | |||||||||||
| 400,000 |
y | Wal-Mart Stores, Inc |
0.130 | 07/18/12 | 399,976 | |||||||||||
| 584,000 |
y | Wal-Mart Stores, Inc |
0.140 | 08/06/12 | 583,918 | |||||||||||
| 600,000 |
y | Westpac Banking Corp |
0.250 | 09/05/12 | 599,725 | |||||||||||
|
|
|
|||||||||||||||
| TOTAL COMMERCIAL PAPER |
24,919,310 | |||||||||||||||
|
|
|
|||||||||||||||
| GOVERNMENT AGENCY DEBT - 21.2% |
||||||||||||||||
| 157,000 |
Federal Farm Credit Bank (FFCB) |
0.150 | 08/28/12 | 156,962 | ||||||||||||
| 400,000 |
Federal Home Loan Bank (FHLB) |
0.150 | 07/05/12 | 399,993 | ||||||||||||
| 200,000 |
FHLB |
0.110 | 07/06/12 | 199,997 | ||||||||||||
| 410,000 |
FHLB |
0.100 | 07/11/12 | 409,989 | ||||||||||||
| 400,000 |
FHLB |
0.800 | 07/13/12 | 399,989 | ||||||||||||
| 109,000 |
FHLB |
0.150 | 07/25/12 | 108,989 | ||||||||||||
| 666,000 |
FHLB |
0.120 | 07/27/12 | 665,942 | ||||||||||||
| 170,000 |
FHLB |
0.120 | 08/03/12 | 169,981 | ||||||||||||
| 950,000 |
FHLB |
0.150 | 08/08/12 | 949,884 | ||||||||||||
| 650,000 |
FHLB |
0.150 | 08/10/12 | 649,904 | ||||||||||||
| 100,000 |
FHLB |
0.175 | 08/17/12 | 99,977 | ||||||||||||
| 524,000 |
FHLB |
0.120 | 08/24/12 | 523,906 | ||||||||||||
| 1,600,000 |
FHLB |
0.140 | 08/29/12 | 1,599,702 | ||||||||||||
| 716,000 |
FHLB |
0.135 | 09/05/12 | 715,839 | ||||||||||||
| 257,000 |
FHLB |
0.145 | 09/24/12 | 256,912 | ||||||||||||
| 105,000 |
Federal Home Loan Mortgage Corp (FHLMC) |
0.120 | 07/10/12 | 104,997 | ||||||||||||
| 125,000 |
FHLMC |
0.160 | 07/30/12 | 124,984 | ||||||||||||
| 374,000 |
FHLMC |
0.140 | 08/06/12 | 373,953 | ||||||||||||
| 220,000 |
FHLMC |
0.120 | 08/10/12 | 219,971 | ||||||||||||
| 888,000 |
FHLMC |
0.165 | 08/14/12 | 887,866 | ||||||||||||
| 500,000 |
FHLMC |
0.130 | 09/19/12 | 499,856 | ||||||||||||
| 200,000 |
FHLMC |
0.145 | 10/03/12 | 199,924 | ||||||||||||
| 97,000 |
FHLMC |
0.160 | 01/08/13 | 96,918 | ||||||||||||
| 250,000 |
Federal National Mortgage Association (FNMA) |
0.110 | 07/05/12 | 249,997 | ||||||||||||
| 250,000 |
FNMA |
0.110 | 07/16/12 | 249,988 | ||||||||||||
| 267,000 |
FNMA |
0.120 | 07/25/12 | 266,979 | ||||||||||||
| 78,000 |
FNMA |
0.135 | 08/01/12 | 77,991 | ||||||||||||
| 300,000 |
FNMA |
0.150 | 08/22/12 | 299,935 | ||||||||||||
| 79,000 |
FNMA |
0.105 | 08/31/12 | 78,986 | ||||||||||||
| 195,000 |
FNMA |
0.140 | 09/12/12 | 194,945 | ||||||||||||
| 740,000 |
FNMA |
0.170 | 10/01/12 | 739,678 | ||||||||||||
| 91,000 |
FNMA |
0.155 | 10/17/12 | 90,958 | ||||||||||||
| 200,000 |
FNMA |
0.200 | 12/19/12 | 199,810 | ||||||||||||
| 200,000 |
FNMA |
0.224 | 06/20/14 | 199,941 | ||||||||||||
|
|
|
|||||||||||||||
| TOTAL GOVERNMENT AGENCY DEBT |
12,465,643 | |||||||||||||||
|
|
|
|||||||||||||||
| TREASURY DEBT - 19.7% |
||||||||||||||||
| 210,000 |
United States Treasury Bill |
0.680 | 07/19/12 | 209,993 | ||||||||||||
| 178,000 |
United States Treasury Bill |
0.935 | 08/09/12 | 177,982 | ||||||||||||
| 616,000 |
United States Treasury Bill |
0.112 | 08/16/12 | 615,921 | ||||||||||||
| 756,000 |
United States Treasury Bill |
0.136 | 08/23/12 | 755,864 | ||||||||||||
105
TIAA-CREF LIFE FUNDS - Money Market Fund
|
PRINCIPAL |
ISSUER |
RATE | MATURITY DATE |
VALUE | ||||||||||||
| $ 601,000 |
United States Treasury Bill |
0.106 | % | 09/06/12 | $ | 600,895 | ||||||||||
| 800,000 |
United States Treasury Bill |
0.115 | 09/13/12 | 799,813 | ||||||||||||
| 400,000 |
United States Treasury Bill |
0.120 | 09/20/12 | 399,892 | ||||||||||||
| 300,000 |
United States Treasury Bill |
0.950 | 09/27/12 | 299,930 | ||||||||||||
| 615,000 |
United States Treasury Bill |
0.130 | 10/11/12 | 614,789 | ||||||||||||
| 300,000 |
United States Treasury Bill |
0.143 | 10/18/12 | 299,871 | ||||||||||||
| 300,000 |
United States Treasury Bill |
0.135 | 10/25/12 | 299,870 | ||||||||||||
| 500,000 |
United States Treasury Bill |
0.145 | 12/20/12 | 499,654 | ||||||||||||
| 260,000 |
United States Treasury Note |
1.500 | 07/15/12 | 260,142 | ||||||||||||
| 238,000 |
United States Treasury Note |
0.625 | 07/31/12 | 238,096 | ||||||||||||
| 835,000 |
United States Treasury Note |
1.750 | 08/15/12 | 836,653 | ||||||||||||
| 398,000 |
United States Treasury Note |
0.375 | 08/31/12 | 398,154 | ||||||||||||
| 85,000 |
United States Treasury Note |
0.375 | 09/30/12 | 85,047 | ||||||||||||
| 1,000,000 |
United States Treasury Note |
1.375 | 10/15/12 | 1,003,539 | ||||||||||||
| 971,000 |
United States Treasury Note |
0.375 | 10/31/12 | 971,719 | ||||||||||||
| 500,000 |
United States Treasury Note |
1.375 | 11/15/12 | 502,278 | ||||||||||||
| 658,000 |
United States Treasury Note |
0.500 | 11/30/12 | 658,944 | ||||||||||||
| 250,000 |
United States Treasury Note |
1.125 | 12/15/12 | 251,090 | ||||||||||||
| 400,000 |
United States Treasury Note |
0.625 | 01/31/13 | 401,055 | ||||||||||||
| 250,000 |
United States Treasury Note |
1.375 | 02/15/13 | 251,856 | ||||||||||||
| 150,000 |
United States Treasury Note |
0.625 | 02/28/13 | 150,421 | ||||||||||||
|
|
|
|||||||||||||||
| TOTAL TREASURY DEBT |
|
11,583,468 | ||||||||||||||
|
|
|
|||||||||||||||
| VARIABLE RATE SECURITIES - 10.8% |
||||||||||||||||
| 250,000 |
i | Federal Farm Credit Bank (FFCB) |
0.240 | 02/01/13 | 249,970 | |||||||||||
| 300,000 |
i | FFCB |
0.276 | 03/15/13 | 299,936 | |||||||||||
| 200,000 |
i | FFCB |
0.321 | 03/28/13 | 200,000 | |||||||||||
| 350,000 |
i | FFCB |
0.251 | 06/12/13 | 350,035 | |||||||||||
| 250,000 |
i | FFCB |
0.612 | 08/19/13 | 249,857 | |||||||||||
| 200,000 |
i | FFCB |
0.296 | 08/26/13 | 199,885 | |||||||||||
| 310,000 |
i | FFCB |
0.350 | 08/26/13 | 309,964 | |||||||||||
| 250,000 |
i | FFCB |
0.250 | 09/23/13 | 249,938 | |||||||||||
| 300,000 |
i | FFCB |
0.370 | 09/23/13 | 299,985 | |||||||||||
| 250,000 |
i | FFCB |
0.290 | 10/15/13 | 249,707 | |||||||||||
| 500,000 |
i | Federal Home Loan Bank (FHLB) |
0.215 | 07/02/12 | 500,000 | |||||||||||
| 250,000 |
i | FHLB |
0.316 | 03/06/13 | 250,017 | |||||||||||
| 500,000 |
i | FHLB |
0.340 | 08/16/13 | 500,000 | |||||||||||
| 500,000 |
i | Federal Home Loan Mortgage Corp (FHLMC) |
0.189 | 02/04/13 | 499,880 | |||||||||||
| 830,000 |
i | FHLMC |
0.189 | 05/06/13 | 829,646 | |||||||||||
| 300,000 |
i | Federal National Mortgage Association (FNMA) |
0.256 | 03/14/13 | 299,939 | |||||||||||
| 500,000 |
i | Royal Bank of Canada |
0.360 | 07/11/12 | 500,000 | |||||||||||
| 300,000 |
i | Royal Bank of Canada |
0.550 | 06/07/13 | 300,000 | |||||||||||
|
|
|
|||||||||||||||
| TOTAL VARIABLE RATE SECURITIES |
6,338,759 | |||||||||||||||
|
|
|
|||||||||||||||
| TOTAL SHORT-TERM INVESTMENTS (Cost $57,904,193) |
57,904,193 | |||||||||||||||
|
|
|
|||||||||||||||
| TOTAL INVESTMENTS- 98.7% (Cost $57,904,193) |
57,904,193 | |||||||||||||||
| OTHER ASSETS & LIABILITIES, NET - 1.3% |
774,805 | |||||||||||||||
|
|
|
|||||||||||||||
| NET ASSETS - 100.0% | $58,678,998 | |||||||||||||||
|
|
|
|||||||||||||||
| i | Floating or variable rate security. Coupon reflects the rate at period end. |
| y | Security exempt from registration under Section 4(2) of the Securities Act of 1933. Such securities are deemed liquid and may be sold in transactions exempt from registration only to dealers in that program or other “accredited investors.” At 6/30/2012, the aggregate value of these Securities was $15,774,012 or 26.9% of net assets. |
106
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not Applicable.
Item 8. Portfolio Managers of Closed-End Management Investment Companies.
Not Applicable.
Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not Applicable.
Item 10. Submission of Matters to a Vote of Security Holders.
There were no material changes to the procedures by which shareholders may recommend nominees to the Registrant’s Board of Trustees.
Item 11. Controls and Procedures.
(a) An evaluation was performed within 90 days from the date hereof 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 semi-annual reporting period.
(b) There were no changes in the Registrant’s internal control over financial reporting that occurred during the second fiscal quarter of the 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. Exhibits.
12(a)(2)(i) Section 302 certification of the principal executive officer
12(a)(2)(ii) Section 302 certification of the principal financial officer
12(b) Section 906 certification of principal executive officer and principal financial officer
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| TIAA-CREF LIFE FUNDS | ||||||
| Dated: August 16, 2012 | By: | /s/ Roger W. Ferguson, Jr. | ||||
| Roger W. Ferguson, Jr. | ||||||
| Principal Executive Officer and President | ||||||
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.
| Dated: August 16, 2012 | By: | /s/ Roger W. Ferguson, Jr. | ||||
| Roger W. Ferguson, Jr. | ||||||
| Principal Executive Officer and President (principal executive officer) | ||||||
| Dated: August 16, 2012 | By: | /s/ Phillip G. Goff | ||||
| Phillip G. Goff Principal
Financial Officer, Principal Accounting | ||||||
| (principal financial officer) | ||||||
EXHIBIT INDEX
Item 12. Exhibits.
12(a)(2)(i) Section 302 certification of the principal executive officer
12(a)(2)(ii) Section 302 certification of the principal financial officer
12(b) Section 906 certification of principal executive officer and principal financial officer