0001752724-23-112750.txt : 20230524
0001752724-23-112750.hdr.sgml : 20230524
20230524065356
ACCESSION NUMBER: 0001752724-23-112750
CONFORMED SUBMISSION TYPE: NPORT-P
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20230331
FILED AS OF DATE: 20230524
DATE AS OF CHANGE: 20230524
PERIOD START: 20231231
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: TIAA-CREF LIFE FUNDS
CENTRAL INDEX KEY: 0001068204
IRS NUMBER: 000000000
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: NPORT-P
SEC ACT: 1940 Act
SEC FILE NUMBER: 811-08961
FILM NUMBER: 23950550
BUSINESS ADDRESS:
STREET 1: 730 THIRD AVE
CITY: NEW YORK
STATE: NY
ZIP: 10017
BUSINESS PHONE: 212-490-9000
MAIL ADDRESS:
STREET 1: 730 THIRD AVE
CITY: NEW YORK
STATE: NY
ZIP: 10017
FORMER COMPANY:
FORMER CONFORMED NAME: TIAA CREF LIFE FUND
DATE OF NAME CHANGE: 19980813
0001068204
S000005088
Growth Equity Fund
C000013875
Growth Equity Fund
TLGQX
NPORT-P
1
primary_doc.xml
NPORT-P
false
0001068204
XXXXXXXX
S000005088
C000013875
TIAA-CREF Life Funds
811-08961
0001068204
549300U685X5JUG16Q88
730 Third Avenue
New York
10017
800-842-2733
TIAA-CREF Life Growth Equity Fund
S000005088
549300QS088Z3O8G7484
2023-12-31
2023-03-31
N
132935293.00
248818.00
132686475.00
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
1967.00000000
N
PRADA SpA
8156000FE0A2DC5B7852
Prada S.p.A
N/A
88000.00000000
NS
624013.54000000
0.470291746012
Long
EC
CORP
HK
N
2
N
N
N
Union Pacific Corp
549300LMMRSZZCZ8CL11
Union Pacific Corp
907818108
6149.00000000
NS
USD
1237547.74000000
0.932685671241
Long
EC
CORP
US
N
1
N
N
N
Costco Wholesale Corp
29DX7H14B9S6O3FD6V18
Costco Wholesale Corp
22160K105
4250.00000000
NS
USD
2111697.50000000
1.591494159446
Long
EC
CORP
US
N
1
N
N
N
Starbucks Corp
OQSJ1DU9TAOC51A47K68
Starbucks Corp
855244109
6382.00000000
NS
USD
664557.66000000
0.500848078148
Long
EC
CORP
US
N
1
N
N
N
Oracle Corp
1Z4GXXU7ZHVWFCD8TV52
Oracle Corp
68389X105
12934.00000000
NS
USD
1201827.28000000
0.905764720933
Long
EC
CORP
US
N
1
N
N
N
NetEase Inc
5299004AF4DSJDB0PA32
NetEase, Inc (ADR)
64110W102
3918.00000000
NS
USD
346507.92000000
0.261147882630
Long
EC
CORP
CN
N
1
N
N
N
NVIDIA Corp
549300S4KLFTLO7GSQ80
NVIDIA Corp
67066G104
15529.00000000
NS
USD
4313490.33000000
3.250889233435
Long
EC
CORP
US
N
1
N
N
N
Intuitive Surgical Inc
54930052SRG011710797
Intuitive Surgical, Inc
46120E602
8397.00000000
NS
USD
2145181.59000000
1.616729655377
Long
EC
CORP
US
N
1
N
N
N
Intuit Inc
VI90HBPH7XSFMB9E4M29
Intuit, Inc
461202103
4617.00000000
NS
USD
2058397.11000000
1.551323983849
Long
EC
CORP
US
N
1
N
N
N
Davide Campari-Milano NV
213800ED5AN2J56N6Z02
Davide Campari-Milano NV
N/A
53357.00000000
NS
651053.09000000
0.490670273665
Long
EC
CORP
IT
N
2
N
N
N
American Express Co
R4PP93JZOLY261QX3811
American Express Co
025816109
2834.00000000
NS
USD
467468.30000000
0.352310437066
Long
EC
CORP
US
N
1
N
N
N
Linde PLC
5299003QR1WT0EF88V51
Linde plc
G54950103
2795.00000000
NS
USD
993454.80000000
0.748723485193
Long
EC
CORP
US
N
1
N
N
N
Valero Energy Corp
549300XTO5VR8SKV1V74
Valero Energy Corp
91913Y100
4740.00000000
NS
USD
661704.00000000
0.498697399263
Long
EC
CORP
US
N
1
N
N
N
Waste Connections Inc
549300HDLRTPBQU69P29
Waste Connections, Inc
94106B101
11800.00000000
NS
USD
1641026.00000000
1.236769610467
Long
EC
CORP
US
N
1
N
N
N
Uber Technologies Inc
549300B2FTG34FILDR98
Uber Technologies, Inc
90353T100
53656.00000000
NS
USD
1700895.20000000
1.281890411211
Long
EC
CORP
US
N
1
N
N
N
PepsiCo Inc
FJSUNZKFNQ5YPJ5OT455
PepsiCo, Inc
713448108
9221.00000000
NS
USD
1680988.30000000
1.266887450284
Long
EC
CORP
US
N
1
N
N
N
Roper Technologies Inc
54930003T4SXCIWVXY35
Roper Technologies, Inc
776696106
1818.00000000
NS
USD
801174.42000000
0.603810162264
Long
EC
CORP
US
N
1
N
N
N
Estee Lauder Cos Inc/The
549300VFZ8XJ9NUPU221
Estee Lauder Cos (Class A)
518439104
3536.00000000
NS
USD
871482.56000000
0.656798336077
Long
EC
CORP
US
N
1
N
N
N
Illumina Inc
SQ95QG8SR5Q56LSNF682
Illumina, Inc
452327109
4808.00000000
NS
USD
1118100.40000000
0.842663428959
Long
EC
CORP
US
N
1
N
N
N
Alibaba Group Holding Ltd
5493001NTNQJDH60PM02
Alibaba Group Holding Ltd (ADR)
01609W102
10995.00000000
NS
USD
1123469.10000000
0.846709583625
Long
EC
CORP
CN
N
1
N
N
N
Applied Materials Inc
41BNNE1AFPNAZELZ6K07
Applied Materials, Inc
038222105
11080.00000000
NS
USD
1360956.40000000
1.025693387362
Long
EC
CORP
US
N
1
N
N
N
Coupang Inc
549300XR4L1D80AK4W76
Coupang, Inc
22266T109
14739.00000000
NS
USD
235824.00000000
0.177730247186
Long
EC
CORP
US
N
1
N
N
N
Qualtrics International Inc
549300NW34K5PVZGTN68
Qualtrics International, Inc
747601201
35339.00000000
NS
USD
630094.37000000
0.474874601951
Long
EC
CORP
US
N
1
N
N
N
Verisk Analytics Inc
549300I1YSWNIRKBWP67
Verisk Analytics, Inc
92345Y106
4314.00000000
NS
USD
827684.04000000
0.623789304825
Long
EC
CORP
US
N
1
N
N
N
Amgen Inc
62QBXGPJ34PQ72Z12S66
Amgen, Inc
031162100
5177.00000000
NS
USD
1251539.75000000
0.943230837958
Long
EC
CORP
US
N
1
N
N
N
Safran SA
969500UIC89GT3UL7L24
Safran S.A.
B058TZ909
4095.00000000
NS
606209.87000000
0.456873897659
Long
EC
CORP
FR
N
2
N
N
N
Adyen NV
724500973ODKK3IFQ447
Adyen NV
N/A
319.00000000
NS
508303.48000000
0.383086128409
Long
EC
CORP
NL
Y
2
N
N
N
UnitedHealth Group Inc
549300GHBMY8T5GXDE41
UnitedHealth Group, Inc
91324P102
6967.00000000
NS
USD
3292534.53000000
2.481439445881
Long
EC
CORP
US
N
1
N
N
N
Microsoft Corp
INR2EJN1ERAN0W5ZP974
Microsoft Corp
594918104
46231.00000000
NS
USD
13328397.30000000
10.04503081418
Long
EC
CORP
US
N
1
N
N
N
Align Technology Inc
549300N5YSE0U3LCP840
Align Technology, Inc
016255101
4209.00000000
NS
USD
1406395.26000000
1.059938671217
Long
EC
CORP
US
N
1
N
N
N
Palo Alto Networks Inc
549300QXR2YVZV231H43
Palo Alto Networks, Inc
697435105
6830.00000000
NS
USD
1364224.20000000
1.028156185474
Long
EC
CORP
US
N
1
N
N
N
Atlassian Corp Ltd
549300AGBII4MWBVJY22
Atlassian Corp
049468101
3128.00000000
NS
USD
535419.76000000
0.403522484111
Long
EC
CORP
US
N
1
N
N
N
Kering SA
549300VGEJKB7SVUZR78
Kering
F5433L103
925.00000000
NS
603495.48000000
0.454828180490
Long
EC
CORP
FR
N
2
N
N
N
Broadcom Inc
549300WV6GIDOZJTV909
Broadcom, Inc
11135F101
2880.00000000
NS
USD
1847635.20000000
1.392481939097
Long
EC
CORP
US
N
1
N
N
N
Workday Inc
549300J0DYC0N31V7G13
Workday, Inc
98138H101
3806.00000000
NS
USD
786091.24000000
0.592442628383
Long
EC
CORP
US
N
1
N
N
N
Pioneer Natural Resources Co
FY8JBF7CCL2VE4F1B628
Pioneer Natural Resources Co
723787107
4882.00000000
NS
USD
997099.68000000
0.751470472028
Long
EC
CORP
US
N
1
N
N
N
Salesforce Inc
RCGZFPDMRW58VJ54VR07
Salesforce, Inc
79466L302
13058.00000000
NS
USD
2608727.24000000
1.966083762493
Long
EC
CORP
US
N
1
N
N
N
Zoetis Inc
549300HD9Q1LOC9KLJ48
Zoetis, Inc
98978V103
5548.00000000
NS
USD
923409.12000000
0.695933116016
Long
EC
CORP
US
N
1
N
N
N
Experian PLC
635400RXXHHYT1JTSZ26
Experian Group Ltd
B19NLV907
11810.00000000
NS
388876.17000000
0.293078981863
Long
EC
CORP
GB
N
2
N
N
N
Marvell Technology Inc
N/A
Marvell Technology, Inc
573874104
8889.00000000
NS
USD
384893.70000000
0.290077568192
Long
EC
CORP
US
N
1
N
N
N
Dexcom Inc
549300YSK3QDSFR5EU59
Dexcom, Inc
252131107
11624.00000000
NS
USD
1350476.32000000
1.017795008873
Long
EC
CORP
US
N
1
N
N
N
Grab Holdings Ltd
549300N4VQX83VPJF439
Grab Holdings Ltd.
N/A
77546.00000000
NS
USD
233413.46000000
0.175913528488
Long
EC
CORP
US
N
1
N
N
N
Visa Inc
549300JZ4OKEHW3DPJ59
Visa, Inc (Class A)
92826C839
29236.00000000
NS
USD
6591548.56000000
4.967762207866
Long
EC
CORP
US
N
1
N
N
N
ConocoPhillips
WPTL2Z3FIYTHSP5V2253
ConocoPhillips
20825C104
9744.00000000
NS
USD
966702.24000000
0.728561249366
Long
EC
CORP
US
N
1
N
N
N
Flutter Entertainment PLC
635400EG4YIJLJMZJ782
Flutter Entertainment plc
N/A
2837.00000000
NS
511913.98000000
0.385807204539
Long
EC
CORP
GB
N
2
N
N
N
Netflix Inc
549300Y7VHGU0I7CE873
Netflix, Inc
64110L106
1147.00000000
NS
USD
396265.56000000
0.298648042311
Long
EC
CORP
US
N
1
N
N
N
Amazon.com Inc
ZXTILKJKG63JELOEG630
Amazon.com, Inc
023135106
100232.00000000
NS
USD
10352963.28000000
7.802576170630
Long
EC
CORP
US
N
1
N
N
N
Apple Inc
HWUPKR0MPOU8FGXBT394
Apple, Inc
037833100
50763.00000000
NS
USD
8370818.70000000
6.308720387665
Long
EC
CORP
US
N
1
N
N
N
Monster Beverage Corp
52990090AP0E7HCB6F33
Monster Beverage Corp
61174X109
38919.00000000
NS
USD
2102015.19000000
1.584197025356
Long
EC
CORP
US
N
1
N
N
N
Meta Platforms Inc
BQ4BKCS1HXDV9HN80Z93
Meta Platforms, Inc
30303M102
19775.00000000
NS
USD
4191113.50000000
3.158659162510
Long
EC
CORP
US
N
1
N
N
N
Alphabet Inc
5493006MHB84DD0ZWV18
Alphabet, Inc (Class C)
02079K107
57037.00000000
NS
USD
5931848.00000000
4.470574713813
Long
EC
CORP
US
N
1
N
N
N
Advanced Micro Devices Inc
R2I72C950HOYXII45366
Advanced Micro Devices, Inc
007903107
15374.00000000
NS
USD
1506805.74000000
1.135613663713
Long
EC
CORP
US
N
1
N
N
N
S&P Global Inc
Y6X4K52KMJMZE7I7MY94
S&P Global, Inc
78409V104
2408.00000000
NS
USD
830206.16000000
0.625690116494
Long
EC
CORP
US
N
1
N
N
N
ServiceNow Inc
549300HJTQM36M0E1G39
ServiceNow, Inc
81762P102
2303.00000000
NS
USD
1070250.16000000
0.806600793336
Long
EC
CORP
US
N
1
N
N
N
DocuSign Inc
549300Q7PVDWRZ39JG09
DocuSign, Inc
256163106
5641.00000000
NS
USD
328870.30000000
0.247855178909
Long
EC
CORP
US
N
1
N
N
N
Novo Nordisk A/S
549300DAQ1CVT6CXN342
Novo Nordisk AS
K72807132
4060.00000000
NS
644814.31000000
0.485968377711
Long
EC
CORP
DK
N
2
N
N
N
Horizon Therapeutics Plc
529900P0GSQ79OOZEV53
Horizon Therapeutics Plc
G46188101
1385.00000000
NS
USD
151158.90000000
0.113921859782
Long
EC
CORP
US
N
1
N
N
N
AbbVie Inc
FR5LCKFTG8054YNNRU85
AbbVie, Inc
00287Y109
10535.00000000
NS
USD
1678962.95000000
1.265361032463
Long
EC
CORP
US
N
1
N
N
N
Corteva Inc
549300WZN9I2QKLS0O94
Corteva, Inc
22052L104
11963.00000000
NS
USD
721488.53000000
0.543754387928
Long
EC
CORP
US
N
1
N
N
N
Tesla Inc
54930043XZGB27CTOV49
Tesla, Inc
88160R101
9578.00000000
NS
USD
1987051.88000000
1.497554200607
Long
EC
CORP
US
N
1
N
N
N
Veeva Systems Inc
549300YZEXPDB92M2F02
Veeva Systems, Inc
922475108
1406.00000000
NS
USD
258408.74000000
0.194751379143
Long
EC
CORP
US
N
1
N
N
N
Booking Holdings Inc
FXM8FAOHMYDIPD38UZ17
Booking Holdings, Inc
09857L108
1948.00000000
NS
USD
5166894.68000000
3.894062812355
Long
EC
CORP
US
N
1
N
N
N
Gilead Sciences Inc
549300WTZWR07K8MNV44
Gilead Sciences, Inc
375558103
7957.00000000
NS
USD
660192.29000000
0.497558089473
Long
EC
CORP
US
N
1
N
N
N
Synopsys Inc
QG7T915N9S0NY5UKNE63
Synopsys, Inc
871607107
2439.00000000
NS
USD
942063.75000000
0.709992295748
Long
EC
CORP
US
N
1
N
N
N
Accenture PLC
N/A
Accenture plc
G1151C101
2379.00000000
NS
USD
679941.99000000
0.512442575627
Long
EC
CORP
US
N
1
N
N
N
ROBLOX Corp
N/A
ROBLOX Corp
771049103
10888.00000000
NS
USD
489742.24000000
0.369097332640
Long
EC
CORP
US
N
1
N
N
N
Las Vegas Sands Corp
549300DUOO1KXOHPM605
Las Vegas Sands Corp
517834107
17065.00000000
NS
USD
980384.25000000
0.738872782625
Long
EC
CORP
US
N
1
N
N
N
PayPal Holdings Inc
5493005X2GO78EFZ3E94
PayPal Holdings, Inc
70450Y103
14334.00000000
NS
USD
1088523.96000000
0.820372958133
Long
EC
CORP
US
N
1
N
N
N
Match Group Inc
15OMOPB0A8K0EFUVD031
Match Group, Inc
57667L107
16661.00000000
NS
USD
639615.79000000
0.482050480276
Long
EC
CORP
US
N
1
N
N
N
Walt Disney Co/The
549300GZKULIZ0WOW665
Walt Disney Co
254687106
5880.00000000
NS
USD
588764.40000000
0.443726008999
Long
EC
CORP
US
N
1
N
N
N
TJX Cos Inc/The
V167QI9I69W364E2DY52
TJX Companies, Inc
872540109
17498.00000000
NS
USD
1371143.28000000
1.033370793820
Long
EC
CORP
US
N
1
N
N
N
STATE STR NAVIGATOR SECS L TR
549300ZFEEJ2IP5VME73
State Street Navigator Securities Lending Government Money Market Portfolio
857509301
1.83000000
NS
USD
1.83000000
0.000001379191
Long
STIV
RF
US
N
1
N
N
Deere & Co
PWFTNG3EI0Y73OXWDH08
Deere & Co
244199105
2789.00000000
NS
USD
1151522.32000000
0.867852070077
Long
EC
CORP
US
N
1
N
N
N
NIKE Inc
787RXPR0UX0O0XUXPZ81
Nike, Inc (Class B)
654106103
2443.00000000
NS
USD
299609.52000000
0.225802607236
Long
EC
CORP
US
N
1
N
N
N
Fixed Income Clearing Corp
549300H47WTHXPU08X20
Fixed Income Clearing Corp (FICC)
85748R009
3970000.00000000
PA
USD
3970000.00000000
2.992015576568
Long
RA
CORP
US
N
2
Repurchase
N
4.74000000
2023-04-03
3285600.00000000
USD
4049475.12000000
USD
UST
N
N
N
EssilorLuxottica SA
549300M3VH1A3ER1TB49
Essilor International S.A.
F31668100
3437.00000000
NS
619769.35000000
0.467093085410
Long
EC
CORP
FR
N
2
N
N
N
Avantor Inc
5493003VM0XB4U8YD238
Avantor, Inc
05352A100
19652.00000000
NS
USD
415443.28000000
0.313101452126
Long
EC
CORP
US
N
1
N
N
N
Boeing Co/The
RVHJWBXLJ1RFUBSY1F30
Boeing Co
097023105
12239.00000000
NS
USD
2599930.77000000
1.959454247314
Long
EC
CORP
US
N
1
N
N
N
American International Group Inc
ODVCVCQG2BP6VHV36M30
American International Group, Inc
026874784
14404.00000000
NS
USD
725385.44000000
0.546691318764
Long
EC
CORP
US
N
1
N
N
N
2023-03-31
TIAA-CREF Life Funds
E. Scott Wickerham
E. Scott Wickerham
Principal Financial Officer, Principal Accounting Officer and Treasurer
XXXX
NPORT-EX
2
tiaa_C270.htm
Portfolio
of
Investments
(unaudited)
TIAA-CREF
Life
Growth
Equity
Fund
March
31,
2023
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
COMMON
STOCKS
-
97.4%
AUTOMOBILES
&
COMPONENTS
-
1
.5
%
9,578
*
Tesla,
Inc
$
1,987,052
TOTAL
AUTOMOBILES
&
COMPONENTS
1,987,052
CAPITAL
GOODS
-
3
.3
%
12,239
*
Boeing
Co
2,599,931
2,789
Deere
&
Co
1,151,522
4,095
Safran
S.A.
606,210
TOTAL
CAPITAL
GOODS
4,357,663
COMMERCIAL
&
PROFESSIONAL
SERVICES
-
2
.2
%
11,810
Experian
Group
Ltd
388,876
4,314
Verisk
Analytics,
Inc
827,684
11,800
Waste
Connections,
Inc
1,641,026
TOTAL
COMMERCIAL
&
PROFESSIONAL
SERVICES
2,857,586
CONSUMER
DURABLES
&
APPAREL
-
1
.2
%
3,437
Essilor
International
S.A.
619,769
2,443
Nike,
Inc
(Class
B)
299,609
88,000
Prada
S.p.A
624,014
TOTAL
CONSUMER
DURABLES
&
APPAREL
1,543,392
CONSUMER
SERVICES
-
5
.5
%
1,948
*
Booking
Holdings,
Inc
5,166,895
3,033
*
Flutter
Entertainment
plc
547,280
17,065
*
Las
Vegas
Sands
Corp
980,384
6,382
Starbucks
Corp
664,558
TOTAL
CONSUMER
SERVICES
7,359,117
DIVERSIFIED
FINANCIALS
-
1
.1
%
2,834
American
Express
Co
467,468
77,546
*
Grab
Holdings
Ltd.
233,414
2,408
S&P
Global,
Inc
830,206
TOTAL
DIVERSIFIED
FINANCIALS
1,531,088
ENERGY
-
2
.0
%
9,744
ConocoPhillips
966,702
4,882
Pioneer
Natural
Resources
Co
997,100
4,740
Valero
Energy
Corp
661,704
TOTAL
ENERGY
2,625,506
FOOD
&
STAPLES
RETAILING
-
1
.6
%
4,250
Costco
Wholesale
Corp
2,111,698
TOTAL
FOOD
&
STAPLES
RETAILING
2,111,698
FOOD,
BEVERAGE
&
TOBACCO
-
3
.4
%
53,357
Davide
Campari-Milano
NV
651,053
39,283
*
Monster
Beverage
Corp
2,121,675
9,221
PepsiCo,
Inc
1,680,988
TOTAL
FOOD,
BEVERAGE
&
TOBACCO
4,453,716
HEALTH
CARE
EQUIPMENT
&
SERVICES
-
6
.4
%
4,209
*
Align
Technology,
Inc
1,406,395
11,624
*
Dexcom,
Inc
1,350,476
8,397
*
Intuitive
Surgical,
Inc
2,145,182
6,967
UnitedHealth
Group,
Inc
3,292,534
1,406
*
Veeva
Systems,
Inc
258,409
TOTAL
HEALTH
CARE
EQUIPMENT
&
SERVICES
8,452,996
TIAA-CREF
Life
Growth
Equity
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
(continued)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
HOUSEHOLD
&
PERSONAL
PRODUCTS
-
0
.7
%
3,536
Estee
Lauder
Cos
(Class
A)
$
871,483
TOTAL
HOUSEHOLD
&
PERSONAL
PRODUCTS
871,483
INSURANCE
-
0
.5
%
14,404
American
International
Group,
Inc
725,386
TOTAL
INSURANCE
725,386
MATERIALS
-
1
.3
%
11,963
Corteva,
Inc
721,488
2,795
Linde
plc
993,455
TOTAL
MATERIALS
1,714,943
MEDIA
&
ENTERTAINMENT
-
9
.5
%
57,037
*
Alphabet,
Inc
(Class
C)
5,931,848
16,752
*
Match
Group,
Inc
643,109
19,775
*
Meta
Platforms,
Inc
4,191,114
3,966
NetEase,
Inc
(ADR)
350,753
1,147
*
Netflix,
Inc
396,266
10,888
*
ROBLOX
Corp
489,742
5,880
*
Walt
Disney
Co
588,764
TOTAL
MEDIA
&
ENTERTAINMENT
12,591,596
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
-
5
.2
%
10,535
AbbVie,
Inc
1,678,963
5,177
Amgen,
Inc
1,251,540
19,652
*
Avantor,
Inc
415,443
7,957
Gilead
Sciences,
Inc
660,192
1,385
*
Horizon
Therapeutics
Plc
151,159
4,808
*
Illumina,
Inc
1,118,101
4,060
Novo
Nordisk
AS
644,814
5,548
Zoetis,
Inc
923,409
TOTAL
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
6,843,621
RETAILING
-
10
.3
%
10,995
*
Alibaba
Group
Holding
Ltd
(ADR)
1,123,469
100,232
*
Amazon.com,
Inc
10,352,963
14,739
*
Coupang,
Inc
235,824
925
Kering
603,496
17,498
TJX
Companies,
Inc
1,371,143
TOTAL
RETAILING
13,686,895
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
-
7
.1
%
15,374
*
Advanced
Micro
Devices,
Inc
1,506,806
11,080
Applied
Materials,
Inc
1,360,956
2,880
Broadcom,
Inc
1,847,635
8,889
Marvell
Technology,
Inc
384,894
15,529
NVIDIA
Corp
4,313,490
TOTAL
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
9,413,781
SOFTWARE
&
SERVICES
-
26
.1
%
2,379
Accenture
plc
679,942
319
*,g
Adyen
NV
508,304
3,128
*
Atlassian
Corp
535,420
5,641
*
DocuSign,
Inc
328,870
4,617
Intuit,
Inc
2,058,397
46,231
Microsoft
Corp
13,328,397
12,934
Oracle
Corp
1,201,827
6,830
*
Palo
Alto
Networks,
Inc
1,364,224
14,334
*
PayPal
Holdings,
Inc
1,088,524
35,339
*
Qualtrics
International,
Inc
630,094
1,818
Roper
Technologies,
Inc
801,175
TIAA-CREF
Life
Growth
Equity
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
SOFTWARE
&
SERVICES—continued
13,058
*
Salesforce,
Inc
$
2,608,727
2,303
*
ServiceNow,
Inc
1,070,250
2,542
*
Synopsys,
Inc
981,848
29,236
Visa,
Inc
(Class
A)
6,591,549
3,806
*
Workday,
Inc
786,091
TOTAL
SOFTWARE
&
SERVICES
34,563,639
TECHNOLOGY
HARDWARE
&
EQUIPMENT
-
6
.3
%
50,763
Apple,
Inc
8,370,819
TOTAL
TECHNOLOGY
HARDWARE
&
EQUIPMENT
8,370,819
TRANSPORTATION
-
2
.2
%
53,656
*
Uber
Technologies,
Inc
1,700,895
6,149
Union
Pacific
Corp
1,237,548
TOTAL
TRANSPORTATION
2,938,443
TOTAL
COMMON
STOCKS
129,000,420
(Cost
$85,896,011)
PRINCIPAL
ISSUER
RATE
MATURITY
DATE
SHORT-TERM
INVESTMENTS
-
3.0%
REPURCHASE
AGREEMENT
-
3
.0
%
$
3,970,000
r
Fixed
Income
Clearing
Corp
(FICC)
4
.820
%
04/03/23
3,970,000
TOTAL
REPURCHASE
AGREEMENT
3,970,000
TOTAL
SHORT-TERM
INVESTMENTS
3,970,000
(Cost
$3,970,000)
TOTAL
INVESTMENTS
-
100.4%
132,970,420
(Cost
$89,866,011)
OTHER
ASSETS
&
LIABILITIES,
NET
-
(0.4)%
(
499,199
)
NET
ASSETS
-
100.0%
$
132,471,221
ADR
American
Depositary
Receipt
*
Non-income
producing
g
Security
is
exempt
from
registration
under
Rule
144(A)
of
the
Securities
Act
of
1933,
as
amended.
These
securities
are
deemed
liquid
and
may
be
resold
in
transactions
exempt
from
registration,
which
are
normally
those
transactions
with
qualified
institutional
buyers.
r
Agreement
with
Fixed
Income
Clearing
Corp
(FICC),
4.820%
dated
3/31/23
to
be
repurchased
at
$3,970,000
on
4/3/23,
collateralized
by
Government
Agency
Securities,
with
coupon
rate
0.375%
and
maturity
date
7/15/25,
valued
at
$4,049,475.
TIAA-CREF
Life
Growth
&
Income
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
COMMON
STOCKS
-
99.9%
AUTOMOBILES
&
COMPONENTS
-
2
.9
%
22,310
*
Tesla,
Inc
$
4,628,433
TOTAL
AUTOMOBILES
&
COMPONENTS
4,628,433
BANKS
-
1
.1
%
47,711
Wells
Fargo
&
Co
1,783,437
TOTAL
BANKS
1,783,437
CAPITAL
GOODS
-
8
.8
%
9,898
Caterpillar,
Inc
2,265,058
12,099
Dover
Corp
1,838,322
35,060
Fortive
Corp
2,390,040
9,256
Honeywell
International,
Inc
1,769,007
9,450
Hubbell,
Inc
2,299,279
2,934
W.W.
Grainger,
Inc
2,020,969
15,283
Westinghouse
Air
Brake
Technologies
Corp
1,544,500
TOTAL
CAPITAL
GOODS
14,127,175
DIVERSIFIED
FINANCIALS
-
6
.9
%
17,737
American
Express
Co
2,925,718
3,998
Ameriprise
Financial,
Inc
1,225,387
22,444
Ares
Management
Corp
1,872,727
74,722
Bank
of
New
York
Mellon
Corp
3,395,368
16,259
Discover
Financial
Services
1,607,040
TOTAL
DIVERSIFIED
FINANCIALS
11,026,240
ENERGY
-
4
.6
%
20,533
EOG
Resources,
Inc
2,353,698
52,785
EQT
Corp
1,684,369
30,524
Exxon
Mobil
Corp
3,347,262
TOTAL
ENERGY
7,385,329
FOOD
&
STAPLES
RETAILING
-
2
.4
%
7,634
Costco
Wholesale
Corp
3,793,106
TOTAL
FOOD
&
STAPLES
RETAILING
3,793,106
HEALTH
CARE
EQUIPMENT
&
SERVICES
-
3
.7
%
21,232
Abbott
Laboratories
2,149,952
5,943
Cigna
Corp
1,518,615
27,776
*
Edwards
Lifesciences
Corp
2,297,909
TOTAL
HEALTH
CARE
EQUIPMENT
&
SERVICES
5,966,476
HOUSEHOLD
&
PERSONAL
PRODUCTS
-
1
.9
%
5,626
Estee
Lauder
Cos
(Class
A)
1,386,584
10,537
Procter
&
Gamble
Co
1,566,746
TOTAL
HOUSEHOLD
&
PERSONAL
PRODUCTS
2,953,330
INSURANCE
-
5
.0
%
56,796
American
International
Group,
Inc
2,860,246
29,168
*
Arch
Capital
Group
Ltd
1,979,632
16,348
Chubb
Ltd
3,174,455
TOTAL
INSURANCE
8,014,333
MATERIALS
-
3
.9
%
49,823
Corteva,
Inc
3,004,825
5,922
Linde
plc
2,104,916
24,900
Sealed
Air
Corp
1,143,159
TOTAL
MATERIALS
6,252,900
TIAA-CREF
Life
Growth
&
Income
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
MEDIA
&
ENTERTAINMENT
-
7
.1
%
36,281
*
Alphabet,
Inc
(Class
A)
$
3,763,428
32,800
*
Alphabet,
Inc
(Class
C)
3,411,200
19,952
*
Meta
Platforms,
Inc
4,228,627
TOTAL
MEDIA
&
ENTERTAINMENT
11,403,255
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
-
7
.0
%
48,546
Bristol-Myers
Squibb
Co
3,364,723
40,419
Merck
&
Co,
Inc
4,300,178
1,263
*
Mettler-Toledo
International,
Inc
1,932,655
5,254
*
Waters
Corp
1,626,796
TOTAL
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
11,224,352
REAL
ESTATE
-
2
.8
%
17,147
Prologis,
Inc
2,139,431
20,566
Simon
Property
Group,
Inc
2,302,775
TOTAL
REAL
ESTATE
4,442,206
RETAILING
-
7
.9
%
53,771
*
Amazon.com,
Inc
5,554,007
9,599
Home
Depot,
Inc
2,832,857
13,633
Lowe's
Companies,
Inc
2,726,191
2,850
*
Ulta
Beauty,
Inc
1,555,159
TOTAL
RETAILING
12,668,214
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
-
8
.4
%
4,274
Broadcom,
Inc
2,741,942
3,995
Lam
Research
Corp
2,117,829
22,502
NVIDIA
Corp
6,250,380
17,920
QUALCOMM,
Inc
2,286,234
TOTAL
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
13,396,385
SOFTWARE
&
SERVICES
-
15
.7
%
40,019
Microsoft
Corp
11,537,478
49,249
Oracle
Corp
4,576,217
17,707
*
Palo
Alto
Networks,
Inc
3,536,796
5,035
*
ServiceNow,
Inc
2,339,865
8,173
*
Synopsys,
Inc
3,156,821
TOTAL
SOFTWARE
&
SERVICES
25,147,177
TECHNOLOGY
HARDWARE
&
EQUIPMENT
-
6
.4
%
40,413
Apple,
Inc
6,664,104
21,748
*
Arista
Networks,
Inc
3,650,619
TOTAL
TECHNOLOGY
HARDWARE
&
EQUIPMENT
10,314,723
UTILITIES
-
3
.4
%
29,270
Alliant
Energy
Corp
1,563,018
18,869
American
Electric
Power
Co,
Inc
1,716,891
28,915
NextEra
Energy,
Inc
2,228,768
TOTAL
UTILITIES
5,508,677
TOTAL
COMMON
STOCKS
160,035,748
(Cost
$123,244,808)
PRINCIPAL
ISSUER
RATE
MATURITY
DATE
SHORT-TERM
INVESTMENTS
-
0.5%
GOVERNMENT
AGENCY
DEBT
-
0
.5
%
$
852,000
Federal
Home
Loan
Bank
(FHLB)
0
.000
%
04/03/23
852,000
TOTAL
GOVERNMENT
AGENCY
DEBT
852,000
TIAA-CREF
Life
Growth
&
Income
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
(continued)
SHARES
COMPANY
RATE
EXP
VALUE
INVESTMENTS
IN
REGISTERED
INVESTMENT
COMPANIES
-
0
.0
%
223
c
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
4
.550
%
$
223
TOTAL
INVESTMENTS
IN
REGISTERED
INVESTMENT
COMPANIES
223
TOTAL
SHORT-TERM
INVESTMENTS
852,223
(Cost
$852,017)
TOTAL
INVESTMENTS
-
100.4%
160,887,971
(Cost
$124,096,825)
OTHER
ASSETS
&
LIABILITIES,
NET
-
(0.4)%
(
671,415
)
NET
ASSETS
-
100.0%
$
160,216,556
*
Non-income
producing
c
Investments
made
with
cash
collateral
received
from
securities
on
loan.
Portfolio
of
Investments
(unaudited)
TIAA-CREF
Life
Large-Cap
Value
Fund
March
31,
2023
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
COMMON
STOCKS
-
100.2%
BANKS
-
8
.8
%
48,961
Bank
of
America
Corp
$
1,400,284
18,799
JPMorgan
Chase
&
Co
2,449,698
6,396
PNC
Financial
Services
Group,
Inc
812,932
15,803
US
Bancorp
569,698
38,531
Wells
Fargo
&
Co
1,440,289
TOTAL
BANKS
6,672,901
CAPITAL
GOODS
-
11
.6
%
3,023
Allegion
plc
322,645
2,769
*
Boeing
Co
588,219
1,395
Caterpillar,
Inc
319,232
1,848
Deere
&
Co
763,002
5,773
Dover
Corp
877,149
6,007
Eaton
Corp
1,029,239
5,781
Honeywell
International,
Inc
1,104,865
9,063
Masco
Corp
450,612
3,326
Parker-Hannifin
Corp
1,117,902
17,597
Raytheon
Technologies
Corp
1,723,274
2,413
Trane
Technologies
plc
443,944
TOTAL
CAPITAL
GOODS
8,740,083
CONSUMER
DURABLES
&
APPAREL
-
1
.2
%
163
*
NVR,
Inc
908,267
TOTAL
CONSUMER
DURABLES
&
APPAREL
908,267
CONSUMER
SERVICES
-
4
.0
%
253
*
Booking
Holdings,
Inc
671,060
8,072
Hilton
Worldwide
Holdings,
Inc
1,137,103
4,251
McDonald's
Corp
1,188,622
TOTAL
CONSUMER
SERVICES
2,996,785
DIVERSIFIED
FINANCIALS
-
6
.6
%
7,213
American
Express
Co
1,189,784
5,380
*
Berkshire
Hathaway,
Inc
(Class
B)
1,661,183
1,154
BlackRock,
Inc
772,164
5,263
Charles
Schwab
Corp
275,676
3,254
Goldman
Sachs
Group,
Inc
1,064,416
TOTAL
DIVERSIFIED
FINANCIALS
4,963,223
ENERGY
-
9
.2
%
8,536
Chevron
Corp
1,392,733
14,424
ConocoPhillips
1,431,005
8,862
EOG
Resources,
Inc
1,015,851
17,830
Exxon
Mobil
Corp
1,955,238
8,283
Valero
Energy
Corp
1,156,307
TOTAL
ENERGY
6,951,134
FOOD
&
STAPLES
RETAILING
-
1
.8
%
9,104
Walmart,
Inc
1,342,385
TOTAL
FOOD
&
STAPLES
RETAILING
1,342,385
FOOD,
BEVERAGE
&
TOBACCO
-
1
.7
%
12,009
Mondelez
International,
Inc
837,268
4,649
Philip
Morris
International,
Inc
452,115
TOTAL
FOOD,
BEVERAGE
&
TOBACCO
1,289,383
HEALTH
CARE
EQUIPMENT
&
SERVICES
-
8
.3
%
9,762
Abbott
Laboratories
988,500
3,873
Cigna
Corp
989,668
TIAA-CREF
Life
Large-Cap
Value
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
(continued)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
HEALTH
CARE
EQUIPMENT
&
SERVICES—continued
2,645
Elevance
Health,
Inc
$
1,216,197
3,651
HCA
Healthcare,
Inc
962,696
11,046
Medtronic
plc
890,529
1,954
UnitedHealth
Group,
Inc
923,441
2,411
Zimmer
Biomet
Holdings,
Inc
311,501
TOTAL
HEALTH
CARE
EQUIPMENT
&
SERVICES
6,282,532
HOUSEHOLD
&
PERSONAL
PRODUCTS
-
0
.8
%
4,031
Procter
&
Gamble
Co
599,369
TOTAL
HOUSEHOLD
&
PERSONAL
PRODUCTS
599,369
INSURANCE
-
4
.9
%
19,114
American
International
Group,
Inc
962,581
6,414
Chubb
Ltd
1,245,471
5,183
Marsh
&
McLennan
Cos,
Inc
863,229
11,411
Metlife,
Inc
661,153
TOTAL
INSURANCE
3,732,434
MATERIALS
-
4
.6
%
1,196
Celanese
Corp
(Series
A)
130,232
9,837
Crown
Holdings,
Inc
813,618
10,875
DuPont
de
Nemours,
Inc
780,499
3,779
Linde
plc
1,343,208
1,625
Reliance
Steel
&
Aluminum
Co
417,203
TOTAL
MATERIALS
3,484,760
MEDIA
&
ENTERTAINMENT
-
6
.2
%
10,514
*
Alphabet,
Inc
(Class
C)
1,093,456
28,876
Comcast
Corp
(Class
A)
1,094,689
7,502
*
Meta
Platforms,
Inc
1,589,974
8,899
*
Walt
Disney
Co
891,057
TOTAL
MEDIA
&
ENTERTAINMENT
4,669,176
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
-
8
.3
%
3,022
AbbVie,
Inc
481,616
17,420
Bristol-Myers
Squibb
Co
1,207,380
1,951
Danaher
Corp
491,730
16,164
Johnson
&
Johnson
2,505,420
9,016
Merck
&
Co,
Inc
959,213
14,715
Pfizer,
Inc
600,372
TOTAL
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
6,245,731
REAL
ESTATE
-
1
.4
%
8,529
Prologis,
Inc
1,064,163
TOTAL
REAL
ESTATE
1,064,163
RETAILING
-
1
.0
%
2,666
Home
Depot,
Inc
786,790
TOTAL
RETAILING
786,790
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
-
4
.8
%
4,568
Analog
Devices,
Inc
900,901
6,126
Applied
Materials,
Inc
752,456
698
Broadcom,
Inc
447,795
716
Lam
Research
Corp
379,566
8,082
Micron
Technology,
Inc
487,668
3,592
NXP
Semiconductors
NV
669,818
TOTAL
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
3,638,204
SOFTWARE
&
SERVICES
-
5
.1
%
2,054
Accenture
plc
587,054
TIAA-CREF
Life
Large-Cap
Value
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
SOFTWARE
&
SERVICES—continued
8,880
*
Fiserv,
Inc
$
1,003,706
3,943
Microsoft
Corp
1,136,767
12,522
Oracle
Corp
1,163,544
TOTAL
SOFTWARE
&
SERVICES
3,891,071
TECHNOLOGY
HARDWARE
&
EQUIPMENT
-
2
.7
%
17,569
Cisco
Systems,
Inc
918,419
8,586
TE
Connectivity
Ltd
1,126,054
TOTAL
TECHNOLOGY
HARDWARE
&
EQUIPMENT
2,044,473
TELECOMMUNICATION
SERVICES
-
1
.1
%
5,997
*
T-Mobile
US,
Inc
868,606
TOTAL
TELECOMMUNICATION
SERVICES
868,606
TRANSPORTATION
-
2
.5
%
15,994
*,†,b
AMR
Corporation
160
18,669
CSX
Corp
558,950
4,049
Union
Pacific
Corp
814,902
2,475
United
Parcel
Service,
Inc
(Class
B)
480,125
TOTAL
TRANSPORTATION
1,854,137
UTILITIES
-
3
.6
%
7,915
Ameren
Corp
683,777
8,238
American
Electric
Power
Co,
Inc
749,576
19,464
Centerpoint
Energy,
Inc
573,409
9,294
NextEra
Energy,
Inc
716,381
TOTAL
UTILITIES
2,723,143
TOTAL
COMMON
STOCKS
75,748,750
(Cost
$52,805,436)
PRINCIPAL
ISSUER
RATE
MATURITY
DATE
SHORT-TERM
INVESTMENTS
-
0.4%
GOVERNMENT
AGENCY
DEBT
-
0
.4
%
$
286,000
Federal
Home
Loan
Bank
(FHLB)
0
.000
%
04/03/23
286,000
TOTAL
GOVERNMENT
AGENCY
DEBT
286,000
TOTAL
SHORT-TERM
INVESTMENTS
286,000
(Cost
$285,931)
TOTAL
INVESTMENTS
-
100.6%
76,034,750
(Cost
$53,091,367)
OTHER
ASSETS
&
LIABILITIES,
NET
-
(0.6)%
(
425,674
)
NET
ASSETS
-
100.0%
$
75,609,076
*
Non-income
producing
†
For
fair
value
measurement
disclosure
purposes,
investment
classified
as
Level
3.
b
In
bankruptcy
TIAA-CREF
Life
Real
Estate
Securities
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
SHARES
COMPANY
VALUE
COMMON
STOCKS
-
99.6%
HEALTH
CARE
REITS
-
6
.2
%
46,400
Healthpeak
Properties
Inc
$
1,019,408
23,300
Ventas,
Inc
1,010,055
32,500
Welltower,
Inc
2,329,925
TOTAL
HEALTH
CARE
REITS
4,359,388
HOTEL
&
RESORT
REITS
-
2
.3
%
60,000
Host
Hotels
and
Resorts,
Inc
989,400
7,000
Ryman
Hospitality
Properties
628,110
TOTAL
HOTEL
&
RESORT
REITS
1,617,510
INDUSTRIAL
REITS
-
20
.1
%
4,600
EastGroup
Properties,
Inc
760,472
4,500
Innovative
Industrial
Properties,
Inc
341,955
71,800
Prologis,
Inc
8,958,486
39,400
Rexford
Industrial
Realty,
Inc
2,350,210
25,600
Terreno
Realty
Corp
1,653,760
TOTAL
INDUSTRIAL
REITS
14,064,883
OFFICE
REITS
-
2
.0
%
9,300
Alexandria
Real
Estate
Equities,
Inc
1,167,987
4,700
Boston
Properties,
Inc
254,364
TOTAL
OFFICE
REITS
1,422,351
RESIDENTIAL
REITS
-
20
.6
%
55,400
American
Homes
4
Rent
1,742,330
16,300
AvalonBay
Communities,
Inc
2,739,378
30,000
Equity
Lifestyle
Properties,
Inc
2,013,900
27,700
Equity
Residential
1,662,000
5,700
Essex
Property
Trust,
Inc
1,192,098
40,000
Independence
Realty
Trust,
Inc
641,200
10,000
Invitation
Homes,
Inc
312,300
12,100
Mid-America
Apartment
Communities,
Inc
1,827,584
16,200
Sun
Communities,
Inc
2,282,256
TOTAL
RESIDENTIAL
REITS
14,413,046
RETAIL
REITS
-
17
.0
%
9,800
Agree
Realty
Corp
672,378
49,000
Brixmor
Property
Group,
Inc
1,054,480
70,000
Kimco
Realty
Corp
1,367,100
49,000
Kite
Realty
Group
Trust
1,025,080
25,500
Realty
Income
Corp
1,614,660
26,700
Regency
Centers
Corp
1,633,506
35,300
Simon
Property
Group,
Inc
3,952,541
15,000
Spirit
Realty
Capital,
Inc
597,600
TOTAL
RETAIL
REITS
11,917,345
SPECIALIZED
REITS
-
31
.4
%
22,600
American
Tower
Corp
4,618,084
15,600
Crown
Castle
International
Corp
2,087,904
30,700
Digital
Realty
Trust,
Inc
3,018,117
5,150
Equinix,
Inc
3,713,356
3,500
Extra
Space
Storage,
Inc
570,255
18,000
Gaming
and
Leisure
Properties,
Inc
937,080
4,700
Life
Storage,
Inc
616,123
6,700
Public
Storage,
Inc
2,024,338
4,600
SBA
Communications
Corp
1,200,922
62,800
VICI
Properties,
Inc
2,048,536
TIAA-CREF
Life
Real
Estate
Securities
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
SHARES
COMPANY
VALUE
SPECIALIZED
REITS—continued
38,500
Weyerhaeuser
Co
$
1,160,005
TOTAL
SPECIALIZED
REITS
21,994,720
TOTAL
COMMON
STOCKS
69,789,243
(Cost
$50,423,715)
PRINCIPAL
ISSUER
RATE
MATURITY
DATE
SHORT-TERM
INVESTMENTS
-
0.8%
GOVERNMENT
AGENCY
DEBT
-
0
.8
%
$
595,000
Federal
Home
Loan
Bank
(FHLB)
0
.000
%
04/03/23
595,000
TOTAL
GOVERNMENT
AGENCY
DEBT
595,000
TOTAL
SHORT-TERM
INVESTMENTS
595,000
(Cost
$594,856)
TOTAL
INVESTMENTS
-
100.4%
70,384,243
(Cost
$51,018,571)
OTHER
ASSETS
&
LIABILITIES,
NET
-
(0.4)%
(
306,859
)
NET
ASSETS
-
100.0%
$
70,077,384
TIAA-CREF
Life
Small-Cap
Equity
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
COMMON
STOCKS
-
98.6%
AUTOMOBILES
&
COMPONENTS
-
1
.1
%
2,870
*
Fox
Factory
Holding
Corp
$
348,332
17,570
*
Goodyear
Tire
&
Rubber
Co
193,621
5,570
*
Modine
Manufacturing
Co
128,389
TOTAL
AUTOMOBILES
&
COMPONENTS
670,342
BANKS
-
9
.0
%
1,930
Ameris
Bancorp
70,599
5,000
*
Axos
Financial,
Inc
184,600
3,601
Bank
of
NT
Butterfield
&
Son
Ltd
97,227
2,792
Banner
Corp
151,801
3,670
Brookline
Bancorp,
Inc
38,535
12,060
Cadence
BanCorp
250,366
4,234
Cathay
General
Bancorp
146,158
3,310
Central
Pacific
Financial
Corp
59,249
6,710
Columbia
Banking
System,
Inc
143,728
3,452
ConnectOne
Bancorp,
Inc
61,031
5,223
*
Customers
Bancorp,
Inc
96,730
6,460
CVB
Financial
Corp
107,753
3,700
Eagle
Bancorp,
Inc
123,839
3,970
Enact
Holdings,
Inc
90,754
2,950
Enterprise
Financial
Services
Corp
131,540
6,501
Essent
Group
Ltd
260,365
3,690
First
Busey
Corp
75,055
2,080
First
Financial
Corp
77,958
5,560
First
Foundation,
Inc
41,422
3,725
First
Merchants
Corp
122,739
5,620
Hancock
Whitney
Corp
204,568
3,420
Heartland
Financial
USA,
Inc
131,191
4,870
Heritage
Commerce
Corp
40,567
2,970
Horizon
Bancorp
32,848
1,704
Independent
Bank
Corp
30,280
4,609
Lakeland
Bancorp,
Inc
72,085
1,680
*
Metropolitan
Bank
Holding
Corp
56,935
3,470
National
Bank
Holdings
Corp
116,106
8,781
*
NMI
Holdings,
Inc
196,080
5,845
OceanFirst
Financial
Corp
108,016
9,645
OFG
Bancorp
240,546
4,640
Old
National
Bancorp
66,909
7,020
Pacific
Premier
Bancorp,
Inc
168,620
1,230
Peapack
Gladstone
Financial
Corp
36,433
1,034
Premier
Financial
Corp
21,435
1,254
QCR
Holdings,
Inc
55,063
15,117
Radian
Group,
Inc
334,086
4,830
Renasant
Corp
147,701
4,910
Towne
Bank
130,852
1,960
UMB
Financial
Corp
113,131
7,263
United
Community
Banks,
Inc
204,236
5,860
Washington
Federal,
Inc
176,503
3,970
WesBanco,
Inc
121,879
2,430
Westamerica
Bancorporation
107,649
TOTAL
BANKS
5,245,168
CAPITAL
GOODS
-
11
.3
%
10,460
*
API
Group
Corp
235,141
2,260
Applied
Industrial
Technologies,
Inc
321,214
3,448
*
Atkore
International
Group,
Inc
484,375
3,771
Comfort
Systems
USA,
Inc
550,415
1,248
CSW
Industrials,
Inc
173,385
620
EMCOR
Group,
Inc
100,806
TIAA-CREF
Life
Small-Cap
Equity
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
CAPITAL
GOODS—continued
1,110
Encore
Wire
Corp
$
205,716
6,300
Enerpac
Tool
Group
Corp
160,650
1,777
EnPro
Industries,
Inc
184,612
2,420
*
Evoqua
Water
Technologies
Corp
120,322
4,011
Federal
Signal
Corp
217,436
9,270
*
Fluor
Corp
286,536
840
Franklin
Electric
Co,
Inc
79,044
1,260
H&E
Equipment
Services,
Inc
55,730
1,050
Herc
Holdings,
Inc
119,595
9,910
*
Janus
International
Group,
Inc
97,712
1,630
John
Bean
Technologies
Corp
178,143
2,050
McGrath
RentCorp
191,285
12,824
*
MRC
Global,
Inc
124,649
3,712
Mueller
Industries,
Inc
272,758
11,880
*
NOW,
Inc
132,462
1,210
*
NV5
Global
Inc
125,804
4,320
*
Parsons
Corp
193,277
6,440
*
PGT
Innovations,
Inc
161,708
3,830
Rush
Enterprises,
Inc
(Class
A)
209,118
9,390
*
Shoals
Technologies
Group,
Inc
213,998
1,370
Simpson
Manufacturing
Co,
Inc
150,207
2,160
*
SPX
Technologies,
Inc
152,453
750
Standex
International
Corp
91,830
2,160
Terex
Corp
104,501
2,940
*
Titan
Machinery,
Inc
89,523
12,170
*
Triumph
Group,
Inc
141,050
3,690
UFP
Industries,
Inc
293,244
6,130
Wabash
National
Corp
150,737
2,470
*
WillScot
Mobile
Mini
Holdings
Corp
115,794
5,505
Zurn
Water
Solutions
Corp
117,587
TOTAL
CAPITAL
GOODS
6,602,817
COMMERCIAL
&
PROFESSIONAL
SERVICES
-
2
.7
%
12,230
*
Alight,
Inc
112,638
1,190
Brady
Corp
(Class
A)
63,939
4,520
*
CBIZ,
Inc
223,695
2,373
Exponent,
Inc
236,564
8,300
*
First
Advantage
Corp
115,868
1,660
*
Franklin
Covey
Co
63,860
1,530
Heidrick
&
Struggles
International,
Inc
46,451
2,320
*
Huron
Consulting
Group,
Inc
186,459
1,640
ICF
International,
Inc
179,908
3,640
KBR,
Inc
200,382
2,208
Kforce,
Inc
139,634
580
*
SP
Plus
Corp
19,888
TOTAL
COMMERCIAL
&
PROFESSIONAL
SERVICES
1,589,286
CONSUMER
DURABLES
&
APPAREL
-
2
.3
%
2,770
*
Callaway
Golf
Co
59,887
3,450
Clarus
Corp
32,602
2,420
*,d
Crocs,
Inc
305,985
1,230
Installed
Building
Products,
Inc
140,257
2,840
*
Lovesac
Co
82,076
2,470
*
M/I
Homes,
Inc
155,832
1,100
*
Malibu
Boats,
Inc
62,095
3,734
*
Skyline
Champion
Corp
280,909
4,360
*
Taylor
Morrison
Home
Corp
166,814
2,500
Wolverine
World
Wide,
Inc
42,625
TOTAL
CONSUMER
DURABLES
&
APPAREL
1,329,082
TIAA-CREF
Life
Small-Cap
Equity
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
(continued)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
CONSUMER
SERVICES
-
4
.8
%
240
*
Biglari
Holdings,
Inc
(B
Shares)
$
40,608
4,370
Bloomin'
Brands,
Inc
112,090
1,020
Carriage
Services,
Inc
31,130
10,610
*
Coursera,
Inc
122,227
2,320
*
Dave
&
Buster's
Entertainment,
Inc
85,353
5,310
*
Denny's
Corp
59,260
1,770
*
Duolingo,
Inc
252,384
10,610
*
Everi
Holdings,
Inc
181,962
200
Graham
Holdings
Co
119,168
5,670
*
Hilton
Grand
Vacations,
Inc
251,918
9,380
International
Game
Technology
plc
251,384
10,100
e
Krispy
Kreme,
Inc
157,055
11,710
Laureate
Education,
Inc
137,710
6,820
*
Portillo's,
Inc
145,743
7,370
*
PowerSchool
Holdings,
Inc
146,073
3,860
*
Stride,
Inc
151,505
8,140
*
Target
Hospitality
Corp
106,960
3,560
Texas
Roadhouse,
Inc
(Class
A)
384,694
2,250
*
Xponential
Fitness,
Inc
68,378
TOTAL
CONSUMER
SERVICES
2,805,602
DIVERSIFIED
FINANCIALS
-
3
.3
%
3,110
A-Mark
Precious
Metals,
Inc
107,761
5,870
Artisan
Partners
Asset
Management,
Inc
187,723
43,010
BGC
Partners,
Inc
(Class
A)
224,942
19,600
Broadmark
Realty
Capital,
Inc
92,120
760
Cohen
&
Steers,
Inc
48,610
4,360
*
Enova
International,
Inc
193,715
7,830
*
Green
Dot
Corp
134,519
12,150
*
LendingClub
Corp
87,601
5,930
Navient
Corp
94,821
14,190
*
Open
Lending
Corp
99,898
1,160
Piper
Jaffray
Cos
160,788
4,350
Sculptor
Capital
Management,
Inc
37,453
5,540
StepStone
Group,
Inc
134,456
4,290
Victory
Capital
Holdings,
Inc
125,568
990
Virtus
Investment
Partners,
Inc
188,486
TOTAL
DIVERSIFIED
FINANCIALS
1,918,461
ENERGY
-
5
.9
%
3,540
Ardmore
Shipping
Corp
52,640
15,600
Berry
Petroleum
Co
LLC
122,460
470
Bonanza
Creek
Energy,
Inc
32,120
2,920
Chesapeake
Energy
Corp
222,037
12,130
Comstock
Resources
Inc
130,883
7,060
CVR
Energy,
Inc
231,427
2,090
*
Denbury,
Inc
183,147
9,490
*
Diamond
Offshore
Drilling,
Inc
114,259
1,400
Helmerich
&
Payne,
Inc
50,050
13,890
Liberty
Oilfield
Services,
Inc
177,931
5,770
Murphy
Oil
Corp
213,375
33,620
Nordic
American
Tankers
Ltd
133,135
680
Oasis
Petroleum,
Inc
91,528
7,030
*
Oceaneering
International,
Inc
123,939
3,400
Ovintiv,
Inc
122,672
9,545
*
Par
Pacific
Holdings,
Inc
278,714
6,623
PBF
Energy,
Inc
287,173
16,490
RPC,
Inc
126,808
3,400
*
Teekay
Tankers
Ltd
145,962
5,300
*
US
Silica
Holdings,
Inc
63,282
1,130
*
Valaris
Ltd
73,518
TIAA-CREF
Life
Small-Cap
Equity
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
ENERGY—continued
14,530
*
Vertex
Energy,
Inc
$
143,556
5,750
*
Weatherford
International
Ltd
341,262
TOTAL
ENERGY
3,461,878
FOOD
&
STAPLES
RETAILING
-
0
.9
%
3,242
Andersons,
Inc
133,959
1,543
*
BJ's
Wholesale
Club
Holdings,
Inc
117,376
4,480
*
Chefs'
Warehouse
Holdings,
Inc
152,544
1,894
*
Performance
Food
Group
Co
114,284
TOTAL
FOOD
&
STAPLES
RETAILING
518,163
FOOD,
BEVERAGE
&
TOBACCO
-
1
.7
%
2,054
Calavo
Growers,
Inc
59,094
3,410
Cal-Maine
Foods,
Inc
207,635
370
Coca-Cola
Consolidated
Inc
197,980
9,955
*
Hostess
Brands,
Inc
247,680
990
MGP
Ingredients,
Inc
95,753
13,990
Primo
Water
Corp
214,746
TOTAL
FOOD,
BEVERAGE
&
TOBACCO
1,022,888
HEALTH
CARE
EQUIPMENT
&
SERVICES
-
6
.8
%
4,360
*
Accolade,
Inc
62,697
10,490
*
Allscripts
Healthcare
Solutions,
Inc
136,895
12,430
*
Alphatec
Holdings
Inc
193,908
2,570
*
Angiodynamics,
Inc
26,574
3,160
*
AtriCure,
Inc
130,982
1,184
*
Avanos
Medical,
Inc
35,212
7,310
*
Cardiovascular
Systems,
Inc
145,177
2,210
*
Castle
Biosciences,
Inc
50,211
6,640
*
Evolent
Health,
Inc
215,468
4,410
*
Health
Catalyst,
Inc
51,465
2,794
*
HealthStream,
Inc
75,718
16,000
*
Hims
&
Hers
Health,
Inc
158,720
2,300
*
Integer
Holding
Corp
178,250
4,511
*
Lantheus
Holdings,
Inc
372,428
3,300
*
Merit
Medical
Systems,
Inc
244,035
740
*
ModivCare,
Inc
62,219
7,920
*
Neogen
Corp
146,678
7,990
*
NextGen
Healthcare,
Inc
139,106
10,370
*
Option
Care
Health,
Inc
329,455
3,280
*
Owens
&
Minor,
Inc
47,724
5,280
*
Phreesia,
Inc
170,491
6,300
*
Privia
Health
Group,
Inc
173,943
6,190
*
Progyny,
Inc
198,823
1,840
*
Shockwave
Medical
Inc
398,967
5,720
*
Surgery
Partners,
Inc
197,168
380
*
UFP
Technologies,
Inc
49,339
TOTAL
HEALTH
CARE
EQUIPMENT
&
SERVICES
3,991,653
HOUSEHOLD
&
PERSONAL
PRODUCTS
-
1
.4
%
8,910
*
BellRing
Brands,
Inc
302,940
6,072
*
elf
Beauty,
Inc
500,029
TOTAL
HOUSEHOLD
&
PERSONAL
PRODUCTS
802,969
INSURANCE
-
2
.0
%
1,169
American
Equity
Investment
Life
Holding
Co
42,657
6,570
*
BRP
Group,
Inc
167,272
2,250
Employers
Holdings,
Inc
93,802
50,830
*
Genworth
Financial,
Inc
(Class
A)
255,167
2,790
*
Goosehead
Insurance,
Inc
145,638
2,520
Selective
Insurance
Group,
Inc
240,232
TIAA-CREF
Life
Small-Cap
Equity
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
(continued)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
INSURANCE—continued
3,120
Stewart
Information
Services
Corp
$
125,892
1,950
*
Trupanion,
Inc
83,635
TOTAL
INSURANCE
1,154,295
MATERIALS
-
5
.2
%
2,500
AdvanSix,
Inc
95,675
4,750
*
Arconic
Corp
124,593
6,040
*
Aspen
Aerogels,
Inc
44,998
1,690
Avient
Corp
69,560
22,990
*
Coeur
Mining,
Inc
91,730
4,610
Commercial
Metals
Co
225,429
13,750
*
Constellium
SE
210,100
2,870
*
Ingevity
Corp
205,262
1,013
Innospec,
Inc
104,005
1,034
Materion
Corp
119,944
3,130
Myers
Industries,
Inc
67,076
14,820
*
O-I
Glass,
Inc
336,562
1,500
Olympic
Steel,
Inc
78,315
6,250
Orion
Engineered
Carbons
SA
163,062
970
*
Piedmont
Lithium,
Inc
58,249
12,470
*
PQ
Group
Holdings,
Inc
137,794
11,300
*
Rayonier
Advanced
Materials,
Inc
70,851
5,140
Ryerson
Holding
Corp
186,993
4,110
Schnitzer
Steel
Industries,
Inc
(Class
A)
127,821
2,600
Sensient
Technologies
Corp
199,056
3,110
Sylvamo
Corp
143,869
2,740
Worthington
Industries,
Inc
177,141
TOTAL
MATERIALS
3,038,085
MEDIA
&
ENTERTAINMENT
-
2
.0
%
6,660
*
Cars.com,
Inc
128,538
35,970
*
Clear
Channel
43,164
11,140
Entravision
Communications
Corp
(Class
A)
67,397
7,810
Gray
Television,
Inc
68,103
7,530
*
Integral
Ad
Science
Holding
Corp
107,453
1,919
*
Liberty
Braves
Group
(Class
C)
64,651
6,360
*
Magnite,
Inc
58,894
6,380
*
PubMatic,
Inc
88,172
7,680
Sinclair
Broadcast
Group,
Inc
(Class
A)
131,789
13,130
TEGNA,
Inc
222,028
6,730
*
WideOpenWest,
Inc
71,540
3,170
*
Yelp,
Inc
97,319
TOTAL
MEDIA
&
ENTERTAINMENT
1,149,048
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
-
8
.2
%
6,550
*
Adaptive
Biotechnologies
Corp
57,836
39,580
*
ADMA
Biologics,
Inc
131,010
9,470
*
Alkermes
plc
266,959
4,760
*
Amphastar
Pharmaceuticals,
Inc
178,500
1,440
*
Amylyx
Pharmaceuticals,
Inc
42,250
7,000
*
Arcus
Biosciences,
Inc
127,680
12,520
*
Aurinia
Pharmaceuticals,
Inc
137,219
5,550
*
Biohaven
Ltd
75,813
5,720
*
C4
Therapeutics,
Inc
17,961
3,313
*
CareDx,
Inc
30,281
6,460
*
Chinook
Therapeutics,
Inc
149,549
9,500
*
Codexis,
Inc
39,330
1,420
*
Collegium
Pharmaceutical,
Inc
34,066
22,010
*
CTI
BioPharma
Corp
92,442
5,750
*
Cytek
Biosciences,
Inc
52,842
7,400
*
Day
One
Biopharmaceuticals,
Inc
98,938
TIAA-CREF
Life
Small-Cap
Equity
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES—continued
9,400
*
Deciphera
Pharmaceuticals,
Inc
$
145,230
6,180
*
Editas
Medicine,
Inc
44,805
17,230
*
Esperion
Thereapeutics,
Inc
27,396
10,340
*
Evolus,
Inc
87,476
7,660
*
FibroGen,
Inc
142,936
2,370
*
Halozyme
Therapeutics,
Inc
90,510
3,064
*
Harmony
Biosciences
Holdings,
Inc
100,040
3,190
*
Ideaya
Biosciences,
Inc
43,799
25,730
*
Immunogen,
Inc
98,803
5,960
*
Immunovant,
Inc
92,440
1,000
*
Intellia
Therapeutics,
Inc
37,270
8,140
*
Intercept
Pharmaceuticals,
Inc
109,320
4,990
*
Intra-Cellular
Therapies,
Inc
270,208
18,370
*
Iovance
Biotherapeutics,
Inc
112,241
6,047
*
IVERIC
bio,
Inc
147,124
18,710
*
Karyopharm
Therapeutics,
Inc
72,782
6,680
*
Kura
Oncology,
Inc
81,696
30,690
*
MannKind
Corp
125,829
19,470
*
Mersana
Therapeutics,
Inc
80,022
3,410
*
Morphic
Holding,
Inc
128,352
7,150
*
NGM
Biopharmaceuticals
Inc
29,172
8,840
*
Nkarta,
Inc
31,382
7,790
*
Nurix
Therapeutics,
Inc
69,175
3,025
Phibro
Animal
Health
Corp
46,343
2,000
*
Prometheus
Biosciences,
Inc
214,640
7,710
*
Protagonist
Therapeutics,
Inc
177,330
4,970
*
RAPT
Therapeutics,
Inc
91,200
13,230
*
Recursion
Pharmaceuticals,
Inc
88,244
1,770
*
Replimune
Group,
Inc
31,258
43,610
*
Rigel
Pharmaceuticals,
Inc
57,565
3,900
*
Travere
Therapeutics,
Inc
87,711
8,630
*
Vanda
Pharmaceuticals,
Inc
58,598
6,980
*
Veracyte,
Inc
155,654
4,520
*
Viridian
Therapeutics,
Inc
114,989
TOTAL
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
4,824,216
REAL
ESTATE
-
6
.1
%
14,210
Apple
Hospitality
REIT,
Inc
220,539
22,150
Brandywine
Realty
Trust
104,769
12,700
Broadstone
Net
Lease,
Inc
216,027
18,830
DiamondRock
Hospitality
Co
153,088
261
EastGroup
Properties,
Inc
43,149
9,700
Essential
Properties
Realty
Trust,
Inc
241,045
6,410
Four
Corners
Property
Trust,
Inc
172,173
8,120
Kite
Realty
Group
Trust
169,870
11,010
Macerich
Co
116,706
2,897
National
Storage
Affiliates
Trust
121,037
5,830
Office
Properties
Income
Trust
71,709
3,590
Outfront
Media,
Inc
58,266
12,340
Paramount
Group,
Inc
56,270
8,140
Phillips
Edison
&
Co,
Inc
265,527
14,760
Piedmont
Office
Realty
Trust,
Inc
107,748
2,400
PotlatchDeltic
Corp
118,800
13,150
Retail
Opportunities
Investment
Corp
183,574
15,950
RLJ
Lodging
Trust
169,070
3,250
Ryman
Hospitality
Properties
291,622
20,590
Service
Properties
Trust
205,076
12,310
Summit
Hotel
Properties,
Inc
86,170
11,000
Tanger
Factory
Outlet
Centers,
Inc
215,930
9,190
Whitestone
REIT
84,548
TIAA-CREF
Life
Small-Cap
Equity
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
(continued)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
REAL
ESTATE—continued
9,320
d
Xenia
Hotels
&
Resorts,
Inc
$
121,999
TOTAL
REAL
ESTATE
3,594,712
RETAILING
-
2
.7
%
4,890
*
Abercrombie
&
Fitch
Co
(Class
A)
135,698
3,280
Academy
Sports
&
Outdoors,
Inc
214,020
1,900
*
Boot
Barn
Holdings,
Inc
145,616
14,480
*
CarParts.com,
Inc
77,323
8,540
*
Destination
XL
Group,
Inc
47,055
4,930
Foot
Locker,
Inc
195,672
3,740
Monro
Muffler,
Inc
184,868
6,360
*
Overstock.com,
Inc
128,917
8,540
*
Sally
Beauty
Holdings,
Inc
133,053
2,260
Shutterstock,
Inc
164,076
2,010
Signet
Jewelers
Ltd
156,338
TOTAL
RETAILING
1,582,636
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
-
3
.9
%
1,740
*
Axcelis
Technologies,
Inc
231,855
2,700
*
Coherent
Corp
102,816
1,900
*
Diodes,
Inc
176,244
9,080
*
indie
Semiconductor,
Inc
95,794
3,640
Kulicke
&
Soffa
Industries,
Inc
191,792
2,083
*
Lattice
Semiconductor
Corp
198,926
2,060
*
MACOM
Technology
Solutions
Holdings,
Inc
145,930
6,220
*
MaxLinear,
Inc
219,006
9,670
*
Photronics,
Inc
160,329
6,430
*
Rambus,
Inc
329,602
6,160
*
Semtech
Corp
148,702
7,750
*
SMART
Global
Holdings,
Inc
133,610
6,530
*
Veeco
Instruments,
Inc
137,979
TOTAL
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
2,272,585
SOFTWARE
&
SERVICES
-
7
.5
%
5,460
A10
Networks,
Inc
84,575
794
*
ACI
Worldwide,
Inc
21,422
4,790
*
Alkami
Technology,
Inc
60,641
17,550
*
AvidXchange
Holdings,
Inc
136,890
8,230
*
Box,
Inc
220,482
4,740
*
Brightcove,
Inc
21,093
7,170
*
EngageSmart,
Inc
138,022
1,910
*
Everbridge,
Inc
66,220
2,120
*
ExlService
Holdings,
Inc
343,080
6,200
*
Fastly,
Inc
110,112
7,240
*
Flywire
Corp
212,566
2,080
*
International
Money
Express
Inc
53,622
5,110
*
Model
N,
Inc
171,032
16,840
*
Olo,
Inc
137,414
3,150
*
Pagerduty,
Inc
110,187
14,070
*
Payoneer
Global,
Inc
88,360
3,588
Progress
Software
Corp
206,131
1,660
*
Qualys,
Inc
215,833
1,125
*
Rapid7,
Inc
51,649
7,660
*
Remitly
Global,
Inc
129,837
15,610
*
Repay
Holdings
Corp
102,558
3,540
*
Sprout
Social,
Inc
215,515
890
*
SPS
Commerce,
Inc
135,547
4,360
*
Squarespace,
Inc
138,517
21,140
*
StoneCo
Ltd
201,676
15,570
*
Sumo
Logic,
Inc
186,529
7,266
*
Tenable
Holdings,
Inc
345,208
TIAA-CREF
Life
Small-Cap
Equity
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
SOFTWARE
&
SERVICES—continued
6,720
*
Varonis
Systems,
Inc
$
174,787
4,000
*
Verint
Systems,
Inc
148,960
16,850
*
Zeta
Global
Holdings
Corp
182,485
TOTAL
SOFTWARE
&
SERVICES
4,410,950
TECHNOLOGY
HARDWARE
&
EQUIPMENT
-
3
.6
%
3,740
Belden
CDT,
Inc
324,520
22,200
*
CommScope
Holding
Co,
Inc
141,414
13,732
*
Extreme
Networks,
Inc
262,556
700
*
Fabrinet
83,132
1,069
*
OSI
Systems,
Inc
109,423
5,220
*
Ribbon
Communications,
Inc
17,852
8,101
*
Sanmina
Corp
494,080
1,220
*
Scansource,
Inc
37,137
3,430
*
Super
Micro
Computer,
Inc
365,467
10,870
Vishay
Intertechnology,
Inc
245,879
886
*
Vishay
Precision
Group,
Inc
36,999
TOTAL
TECHNOLOGY
HARDWARE
&
EQUIPMENT
2,118,459
TELECOMMUNICATION
SERVICES
-
1
.0
%
3,080
*
Bandwidth
Inc
46,816
5,940
*
EchoStar
Corp
(Class
A)
108,642
56,660
*
Globalstar,
Inc
65,726
7,370
*
Gogo,
Inc
106,865
1,020
Iridium
Communications,
Inc
63,169
11,550
*
Radius
Global
Infrastructure,
Inc
169,438
TOTAL
TELECOMMUNICATION
SERVICES
560,656
TRANSPORTATION
-
1
.9
%
2,901
ArcBest
Corp
268,111
1,501
Forward
Air
Corp
161,748
3,611
*
Hub
Group,
Inc
(Class
A)
303,107
10,670
e
Safe
Bulkers,
Inc
39,372
1,080
*
Saia,
Inc
293,847
4,384
Spirit
Airlines,
Inc
75,273
TOTAL
TRANSPORTATION
1,141,458
UTILITIES
-
3
.3
%
1,920
Allete,
Inc
123,590
5,220
Avista
Corp
221,589
3,908
Black
Hills
Corp
246,595
5,945
Brookfield
Infrastructure
Corp
273,826
6,070
Clearway
Energy,
Inc
(Class
C)
190,173
3,421
Northwest
Natural
Holding
Co
162,703
2,690
ONE
Gas,
Inc
213,129
3,410
Otter
Tail
Corp
246,441
3,265
Portland
General
Electric
Co
159,626
1,500
Unitil
Corp
85,560
TOTAL
UTILITIES
1,923,232
TOTAL
COMMON
STOCKS
57,728,641
(Cost
$52,026,627)
PRINCIPAL
ISSUER
RATE
MATURITY
DATE
SHORT-TERM
INVESTMENTS
-
1.5%
GOVERNMENT
AGENCY
DEBT
-
1
.5
%
$
886,000
Federal
Home
Loan
Bank
(FHLB)
0
.000
%
04/03/23
886,000
TOTAL
GOVERNMENT
AGENCY
DEBT
886,000
TIAA-CREF
Life
Small-Cap
Equity
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
(continued)
SHARES
COMPANY
RATE
EXP
VALUE
INVESTMENTS
IN
REGISTERED
INVESTMENT
COMPANIES
-
0
.0
%
555
c
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
4
.550
%
$
555
TOTAL
INVESTMENTS
IN
REGISTERED
INVESTMENT
COMPANIES
555
TOTAL
SHORT-TERM
INVESTMENTS
886,555
(Cost
$886,341)
TOTAL
INVESTMENTS
-
100.1%
58,615,196
(Cost
$52,912,968)
OTHER
ASSETS
&
LIABILITIES,
NET
-
(0.1)%
(
84,069
)
NET
ASSETS
-
100.0%
$
58,531,127
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
to
cover
margin
requirements
on
open
futures
contracts.
e
All
or
a
portion
of
these
securities
are
out
on
loan.
The
aggregate
value
of
securities
on
loan
is
$194,462.
Futures
contracts
outstanding
as
of
March
31,
2023
were
as
follows:
Description
Number
of
long
(short)
contracts
Expiration
date
Notional
amount
Value
Unrealized
appreciation
(depreciation)
CME
E-mini
Russell
2000
Index
Futures
7
06/16/23
$
624,125
$
634,725
$
10,600
Portfolio
of
Investments
(unaudited)
TIAA-CREF
Life
Social
Choice
Equity
Fund
March
31,
2023
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
COMMON
STOCKS
-
99.7%
AUTOMOBILES
&
COMPONENTS
-
2
.1
%
2,638
*
American
Axle
&
Manufacturing
Holdings,
Inc
$
20,603
1,553
*
Aptiv
plc
174,231
169
BorgWarner,
Inc
8,299
3,135
*,e
Canoo,
Inc
2,046
8,902
*,e
Lucid
Group,
Inc
71,572
5,537
*,e
Rivian
Automotive,
Inc
85,713
6,512
*
Tesla,
Inc
1,350,979
3,396
*,e
Workhorse
Group,
Inc
4,517
TOTAL
AUTOMOBILES
&
COMPONENTS
1,717,960
BANKS
-
2
.5
%
626
Bank
OZK
21,409
46
Banner
Corp
2,501
618
Berkshire
Hills
Bancorp,
Inc
15,487
54
Camden
National
Corp
1,954
11,674
Citigroup,
Inc
547,394
6,619
Citizens
Financial
Group,
Inc
201,019
5
Columbia
Banking
System,
Inc
107
202
Comerica,
Inc
8,771
95
Commerce
Bancshares,
Inc
5,543
22
Community
Trust
Bancorp,
Inc
835
599
*
Customers
Bancorp,
Inc
11,093
136
First
Busey
Corp
2,766
16
FNB
Corp
186
17
Hancock
Whitney
Corp
619
108
Heritage
Financial
Corp
2,311
231
HomeStreet,
Inc
4,156
3,996
Huntington
Bancshares,
Inc
44,755
1,373
JPMorgan
Chase
&
Co
178,916
3,043
Keycorp
38,098
722
Live
Oak
Bancshares,
Inc
17,595
180
*
Mr
Cooper
Group,
Inc
7,375
333
National
Bank
Holdings
Corp
11,142
5
NBT
Bancorp,
Inc
169
145
Old
National
Bancorp
2,091
755
Pinnacle
Financial
Partners,
Inc
41,646
3,265
PNC
Financial
Services
Group,
Inc
414,981
9,584
Regions
Financial
Corp
177,879
277
*
The
Bancorp,
Inc
7,714
49
Trico
Bancshares
2,038
7,209
Truist
Financial
Corp
245,827
29
UMB
Financial
Corp
1,674
182
Univest
Financial
Corp
4,321
49
Westamerica
Bancorporation
2,171
250
Zions
Bancorporation
7,483
TOTAL
BANKS
2,032,026
CAPITAL
GOODS
-
6
.3
%
4,819
3M
Co
506,525
17
Acuity
Brands,
Inc
3,106
793
*,e
Blink
Charging
Co
6,860
66
*
Bloom
Energy
Corp
1,315
3,400
Carrier
Global
Corp
155,550
2,661
Caterpillar,
Inc
608,943
498
Cummins,
Inc
118,962
852
Curtiss-Wright
Corp
150,174
1,499
Deere
&
Co
618,907
2,517
Eaton
Corp
431,263
18
EMCOR
Group,
Inc
2,927
TIAA-CREF
Life
Social
Choice
Equity
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
(continued)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
CAPITAL
GOODS—continued
677
Emerson
Electric
Co
$
58,994
1,710
Fastenal
Co
92,237
1,435
Fortive
Corp
97,824
1,259
*
Generac
Holdings,
Inc
135,985
1,445
*
Great
Lakes
Dredge
&
Dock
Corp
7,846
1,908
Hexcel
Corp
130,221
27
IDEX
Corp
6,238
2,220
Illinois
Tool
Works,
Inc
540,459
3,969
Johnson
Controls
International
plc
239,013
2,918
*
Kratos
Defense
&
Security
Solutions,
Inc
39,335
172
Luxfer
Holdings
plc
2,907
480
*
Manitowoc
Co,
Inc
8,203
2,366
Masco
Corp
117,638
1,132
*
Mercury
Systems,
Inc
57,868
95
Moog,
Inc
(Class
A)
9,571
52
*
MYR
Group,
Inc
6,553
75
Owens
Corning,
Inc
7,185
1,245
PACCAR,
Inc
91,134
583
*
Proto
Labs,
Inc
19,326
529
Rockwell
Automation,
Inc
155,235
52
Rush
Enterprises,
Inc
(Class
A)
2,839
116
Snap-On,
Inc
28,639
963
Trane
Technologies
plc
177,173
1,538
*
Triumph
Group,
Inc
17,825
423
United
Rentals,
Inc
167,407
267
*
Vectrus,
Inc
10,605
184
W.W.
Grainger,
Inc
126,741
509
Woodward
Inc
49,561
500
Xylem,
Inc
52,350
TOTAL
CAPITAL
GOODS
5,061,444
COMMERCIAL
&
PROFESSIONAL
SERVICES
-
1
.3
%
205
ACCO
Brands
Corp
1,091
27
*
ASGN
Inc
2,232
6,012
*
Copart,
Inc
452,163
47
Heidrick
&
Struggles
International,
Inc
1,427
1,863
*
KAR
Auction
Services,
Inc
25,486
478
Kelly
Services,
Inc
(Class
A)
7,930
732
Robert
Half
International,
Inc
58,977
207
*
Sterling
Check
Corp
2,308
1,652
TransUnion
102,655
33
*
TriNet
Group,
Inc
2,660
190
Verisk
Analytics,
Inc
36,453
2,029
Waste
Management,
Inc
331,072
TOTAL
COMMERCIAL
&
PROFESSIONAL
SERVICES
1,024,454
CONSUMER
DURABLES
&
APPAREL
-
0
.6
%
1,686
*,e
Allbirds,
Inc
2,023
671
DR
Horton,
Inc
65,550
739
*
GoPro,
Inc
3,717
200
*
Green
Brick
Partners,
Inc
7,012
13
Hasbro,
Inc
698
325
*
iRobot
Corp
14,183
59
Johnson
Outdoors,
Inc
3,718
786
*
Latham
Group,
Inc
2,248
264
*
Lovesac
Co
7,630
384
*
Lululemon
Athletica,
Inc
139,849
144
Newell
Brands
Inc
1,791
22
*
NVR,
Inc
122,588
1,910
*
Sonos,
Inc
37,474
680
*
Traeger,
Inc
2,795
TIAA-CREF
Life
Social
Choice
Equity
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
CONSUMER
DURABLES
&
APPAREL—continued
3,867
VF
Corp
$
88,593
TOTAL
CONSUMER
DURABLES
&
APPAREL
499,869
CONSUMER
SERVICES
-
2
.3
%
259
ADT,
Inc
1,873
215
*
Booking
Holdings,
Inc
570,268
473
*
Bright
Horizons
Family
Solutions
36,416
356
Carriage
Services,
Inc
10,865
1,038
*
Dave
&
Buster's
Entertainment,
Inc
38,188
3,298
Hilton
Worldwide
Holdings,
Inc
464,589
384
*
Planet
Fitness,
Inc
29,825
35
*
Shake
Shack,
Inc
1,942
1,032
*
Six
Flags
Entertainment
Corp
27,565
6,092
Starbucks
Corp
634,360
269
Vail
Resorts,
Inc
62,860
TOTAL
CONSUMER
SERVICES
1,878,751
DIVERSIFIED
FINANCIALS
-
6
.8
%
2,511
Ally
Financial,
Inc
64,005
3,504
American
Express
Co
577,985
845
Ameriprise
Financial,
Inc
258,993
7,056
Bank
of
New
York
Mellon
Corp
320,625
859
BlackRock,
Inc
574,774
5,184
Charles
Schwab
Corp
271,538
2,510
Discover
Financial
Services
248,089
124
Factset
Research
Systems,
Inc
51,471
1,826
Goldman
Sachs
Group,
Inc
597,303
105
*
Green
Dot
Corp
1,804
4,632
Intercontinental
Exchange
Group,
Inc
483,071
1,096
Moody's
Corp
335,398
6,819
Morgan
Stanley
598,708
957
Nasdaq
Inc
52,319
1,428
Northern
Trust
Corp
125,850
65
*
PRA
Group,
Inc
2,532
38
*
PROG
Holdings,
Inc
904
104
Raymond
James
Financial,
Inc
9,700
1,786
S&P
Global,
Inc
615,759
1,736
State
Street
Corp
131,398
911
T
Rowe
Price
Group,
Inc
102,852
357
Voya
Financial,
Inc
25,511
TOTAL
DIVERSIFIED
FINANCIALS
5,450,589
ENERGY
-
4
.5
%
4,098
Antero
Midstream
Corp
42,988
1,904
APA
Corp
68,658
3,565
Baker
Hughes
Co
102,886
49
ChampionX
Corp
1,329
1,728
Cheniere
Energy,
Inc
272,333
2,140
Chevron
Corp
349,162
2,479
*
Clean
Energy
Fuels
Corp
10,809
5,868
ConocoPhillips
582,164
59
Delek
US
Holdings,
Inc
1,354
2,094
Devon
Energy
Corp
105,977
355
*
DMC
Global,
Inc
7,799
557
*
Dril-Quip,
Inc
15,980
2,554
EOG
Resources,
Inc
292,765
2,973
EQT
Corp
94,869
1,358
Hess
Corp
179,718
13,265
Kinder
Morgan,
Inc
232,270
9,612
*
Kosmos
Energy
Ltd
71,513
1,279
Marathon
Petroleum
Corp
172,448
TIAA-CREF
Life
Social
Choice
Equity
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
(continued)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
ENERGY—continued
4,520
NOV,
Inc
$
83,665
155
*
Oceaneering
International,
Inc
2,733
230
ONEOK,
Inc
14,614
262
Ovintiv,
Inc
9,453
1,148
Pioneer
Natural
Resources
Co
234,468
6,333
Schlumberger
Ltd
310,950
10,320
*
Southwestern
Energy
Co
51,600
2,213
Valero
Energy
Corp
308,935
TOTAL
ENERGY
3,621,440
FOOD
&
STAPLES
RETAILING
-
0
.7
%
2,454
*
BJ's
Wholesale
Club
Holdings,
Inc
186,676
1,109
*
Performance
Food
Group
Co
66,917
500
Pricesmart,
Inc
35,740
780
SpartanNash
Co
19,344
2,410
*
Sprouts
Farmers
Market,
Inc
84,422
1,290
*
United
Natural
Foods,
Inc
33,992
3,501
*
US
Foods
Holding
Corp
129,327
TOTAL
FOOD
&
STAPLES
RETAILING
556,418
FOOD,
BEVERAGE
&
TOBACCO
-
3
.3
%
981
Archer-Daniels-Midland
Co
78,146
2,908
*,e
Benson
Hill,
Inc
3,344
1,360
*,e
Beyond
Meat,
Inc
22,073
627
Campbell
Soup
Co
34,472
13,872
Coca-Cola
Co
860,480
173
*
Darling
International,
Inc
10,103
491
Fresh
Del
Monte
Produce,
Inc
14,784
5,134
General
Mills,
Inc
438,752
2,871
Hormel
Foods
Corp
114,495
1,808
Kellogg
Co
121,064
989
McCormick
&
Co,
Inc
82,295
4,835
PepsiCo,
Inc
881,421
79
*
TreeHouse
Foods,
Inc
3,984
215
*
Vital
Farms,
Inc
3,290
TOTAL
FOOD,
BEVERAGE
&
TOBACCO
2,668,703
HEALTH
CARE
EQUIPMENT
&
SERVICES
-
5
.3
%
1,458
*
Accolade,
Inc
20,966
841
*
Allscripts
Healthcare
Solutions,
Inc
10,975
786
*
Angiodynamics,
Inc
8,127
100
*
AtriCure,
Inc
4,145
466
*
AxoGen,
Inc
4,404
13
*
Axonics
Modulation
Technologies,
Inc
709
4,125
*
Brookdale
Senior
Living,
Inc
12,169
924
*
Cardiovascular
Systems,
Inc
18,351
487
*
Castle
Biosciences,
Inc
11,065
3,845
*
Cerus
Corp
11,420
1,168
Cigna
Corp
298,459
280
*
Computer
Programs
&
Systems,
Inc
8,456
725
*
CryoLife,
Inc
9,497
2,536
*
Dexcom,
Inc
294,632
5,197
*
Edwards
Lifesciences
Corp
429,948
1,295
Elevance
Health,
Inc
595,454
1,090
*
Enhabit,
Inc
15,162
1,984
*
Envista
Holdings
Corp
81,106
487
*
Fulgent
Genetics,
Inc
15,204
154
*
Globus
Medical,
Inc
8,723
1,403
HCA
Healthcare,
Inc
369,943
1,215
*
Health
Catalyst,
Inc
14,179
231
*
Henry
Schein,
Inc
18,836
TIAA-CREF
Life
Social
Choice
Equity
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
HEALTH
CARE
EQUIPMENT
&
SERVICES—continued
216
*
Heska
Corp
$
21,086
1,293
*
Hologic,
Inc
104,345
698
*
IDEXX
Laboratories,
Inc
349,056
508
*
Inogen,
Inc
6,340
529
Laboratory
Corp
of
America
Holdings
121,363
357
LeMaitre
Vascular,
Inc
18,375
85
*
LivaNova
plc
3,704
514
*
Merit
Medical
Systems,
Inc
38,010
770
*
Nevro
Corp
27,836
1,305
*
NextGen
Healthcare,
Inc
22,720
1,038
*
Omnicell,
Inc
60,899
7,559
*
Opko
Health,
Inc
11,036
1,413
*
OraSure
Technologies,
Inc
8,549
707
*
Orthofix
Medical
Inc
11,842
1,073
*
Outset
Medical,
Inc
19,743
188
*
Pennant
Group,
Inc
2,685
183
*
Penumbra,
Inc
51,000
918
*
Pulmonx
Corp
10,263
316
Quest
Diagnostics,
Inc
44,708
952
Resmed,
Inc
208,478
229
*
SI-BONE,
Inc
4,504
269
*
Staar
Surgical
Co
17,203
375
STERIS
plc
71,730
460
*
Teladoc,
Inc
11,914
1,619
UnitedHealth
Group,
Inc
765,123
TOTAL
HEALTH
CARE
EQUIPMENT
&
SERVICES
4,274,442
HOUSEHOLD
&
PERSONAL
PRODUCTS
-
1
.8
%
3,583
Colgate-Palmolive
Co
269,262
754
Kimberly-Clark
Corp
101,202
7,272
Procter
&
Gamble
Co
1,081,274
1,439
*,e
Veru,
Inc
1,669
TOTAL
HOUSEHOLD
&
PERSONAL
PRODUCTS
1,453,407
INSURANCE
-
2
.9
%
1,358
Allstate
Corp
150,480
2,724
Chubb
Ltd
528,946
3,317
Marsh
&
McLennan
Cos,
Inc
552,446
3,433
Progressive
Corp
491,125
3,756
Prudential
Financial,
Inc
310,771
1,799
Travelers
Cos,
Inc
308,367
162
Willis
Towers
Watson
plc
37,646
TOTAL
INSURANCE
2,379,781
MATERIALS
-
3
.2
%
456
Amcor
plc
5,189
140
Aptargroup,
Inc
16,547
4,922
Ball
Corp
271,251
1,021
*
Century
Aluminum
Co
10,210
539
*
Coeur
Mining,
Inc
2,151
506
*
Diversey
Holdings
Ltd
4,094
1,323
Dow,
Inc
72,527
2,852
Ecolab,
Inc
472,092
787
International
Flavors
&
Fragrances,
Inc
72,372
492
Koppers
Holdings,
Inc
17,205
2,070
Linde
plc
735,761
216
Martin
Marietta
Materials,
Inc
76,693
2,340
Mosaic
Co
107,359
5,421
Newmont
Goldcorp
Corp
265,737
2,244
Nucor
Corp
346,631
268
PPG
Industries,
Inc
35,799
TIAA-CREF
Life
Social
Choice
Equity
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
(continued)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
MATERIALS—continued
2,033
*
Summit
Materials,
Inc
$
57,920
283
Trinseo
plc
5,901
TOTAL
MATERIALS
2,575,439
MEDIA
&
ENTERTAINMENT
-
4
.4
%
2,461
*
Cinemark
Holdings,
Inc
36,398
8,361
*
Clear
Channel
10,033
14,961
Comcast
Corp
(Class
A)
567,171
1,765
Electronic
Arts,
Inc
212,594
2,025
Gray
Television,
Inc
17,658
1,398
*
iHeartMedia,
Inc
5,452
122
*
Imax
Corp
2,340
1,450
Interpublic
Group
of
Cos,
Inc
53,998
176
John
Wiley
&
Sons,
Inc
(Class
A)
6,823
1,080
*
Liberty
Broadband
Corp
(Class
C)
88,236
533
*
MediaAlpha,
Inc
7,984
1,787
*
Netflix,
Inc
617,373
201
New
York
Times
Co
(Class
A)
7,815
2,690
Omnicom
Group,
Inc
253,775
7,311
*
Pinterest,
Inc
199,371
633
*
ROBLOX
Corp
28,472
60
*
Roku,
Inc
3,949
119
Scholastic
Corp
4,072
724
Sinclair
Broadcast
Group,
Inc
(Class
A)
12,424
15,622
e
Sirius
XM
Holdings,
Inc
62,019
1,966
*
Take-Two
Interactive
Software,
Inc
234,544
103
TEGNA,
Inc
1,742
2,340
*
TripAdvisor,
Inc
46,472
3,172
*
Vimeo,
Inc
12,149
7,582
*
Walt
Disney
Co
759,186
3,989
*
Warner
Bros
Discovery,
Inc
60,234
1,418
*
Yelp,
Inc
43,533
1,291
*
ZipRecruiter,
Inc
20,579
6,177
*
ZoomInfo
Technologies,
Inc
152,634
TOTAL
MEDIA
&
ENTERTAINMENT
3,529,030
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
-
8
.5
%
2,484
*
Adaptive
Biotechnologies
Corp
21,934
3,160
Agilent
Technologies,
Inc
437,154
1,209
*
Agios
Pharmaceuticals,
Inc
27,771
1,286
*
Alector,
Inc
7,960
749
*
Allogene
Therapeutics,
Inc
3,700
2,454
Amgen,
Inc
593,255
484
*
Arcturus
Therapeutics
Holdings,
Inc
11,602
2,053
*
Atara
Biotherapeutics,
Inc
5,954
1,685
*
Atea
Pharmaceuticals,
Inc
5,645
33
*,e
Axsome
Therapeutics,
Inc
2,035
1,102
*
BioCryst
Pharmaceuticals,
Inc
9,191
92
*
Biogen,
Inc
25,579
9,762
Bristol-Myers
Squibb
Co
676,604
642
*
Caribou
Biosciences,
Inc
3,409
455
*,e
Cassava
Sciences,
Inc
10,975
1,522
*
Catalent,
Inc
100,011
2,822
Danaher
Corp
711,257
201
*
Eagle
Pharmaceuticals,
Inc
5,702
2,785
Eli
Lilly
&
Co
956,425
1,431
*
Erasca,
Inc
4,307
866
*
Fulcrum
Therapeutics,
Inc
2,468
4,619
Gilead
Sciences,
Inc
383,238
219
*,e
IGM
Biosciences,
Inc
3,009
788
*
Illumina,
Inc
183,249
TIAA-CREF
Life
Social
Choice
Equity
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES—continued
5,476
*
Inovio
Pharmaceuticals,
Inc
$
4,490
1,240
*
Intellia
Therapeutics,
Inc
46,215
209
*
Intra-Cellular
Therapies,
Inc
11,317
896
*
IQVIA
Holdings,
Inc
178,205
392
*
Jazz
Pharmaceuticals
plc
57,361
949
*
Kezar
Life
Sciences,
Inc
2,970
8,572
Merck
&
Co,
Inc
911,975
81
*
Mettler-Toledo
International,
Inc
123,947
613
*
Mirati
Therapeutics,
Inc
22,791
1,812
*
NeoGenomics,
Inc
31,547
724
*
NGM
Biopharmaceuticals
Inc
2,954
1,002
*
Nurix
Therapeutics,
Inc
8,898
2,606
*
Nuvation
Bio,
Inc
4,326
425
Phibro
Animal
Health
Corp
6,511
901
*
Prothena
Corp
plc
43,672
520
*
Provention
Bio,
Inc
12,532
337
*
Regeneron
Pharmaceuticals,
Inc
276,903
472
*
Revance
Therapeutics,
Inc
15,203
1,981
*,e
Sana
Biotechnology,
Inc
6,478
1,325
*
Ultragenyx
Pharmaceutical,
Inc
53,133
258
*
Waters
Corp
79,885
524
West
Pharmaceutical
Services,
Inc
181,550
3,228
Zoetis,
Inc
537,268
TOTAL
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
6,812,565
REAL
ESTATE
-
2
.9
%
2,668
American
Tower
Corp
545,179
585
Boston
Properties,
Inc
31,660
1,421
Brandywine
Realty
Trust
6,721
705
Brixmor
Property
Group,
Inc
15,172
1,165
*
CBRE
Group,
Inc
84,824
940
City
Office
REIT,
Inc
6,486
696
Crown
Castle
International
Corp
93,153
4,361
DiamondRock
Hospitality
Co
35,455
42
Douglas
Emmett,
Inc
518
508
Equinix,
Inc
366,288
456
First
Industrial
Realty
Trust,
Inc
24,259
2,841
Healthpeak
Properties
Inc
62,417
20
*
Howard
Hughes
Corp
1,600
3,162
Hudson
Pacific
Properties
21,027
84
iStar,
Inc
2,461
79
*
Jones
Lang
LaSalle,
Inc
11,494
63
Kilroy
Realty
Corp
2,041
2,249
Macerich
Co
23,839
3,812
Park
Hotels
&
Resorts,
Inc
47,116
2,738
Piedmont
Office
Realty
Trust,
Inc
19,987
99
PotlatchDeltic
Corp
4,901
4,511
d
Prologis,
Inc
562,837
2,365
*
Realogy
Holdings
Corp
12,487
8
RMR
Group,
Inc
210
54
*
Star
Holdings
939
141
*
Tejon
Ranch
Co
2,576
879
Ventas,
Inc
38,105
2,490
Welltower,
Inc
178,508
3,296
Weyerhaeuser
Co
99,309
765
Xenia
Hotels
&
Resorts,
Inc
10,014
TOTAL
REAL
ESTATE
2,311,583
RETAILING
-
4
.2
%
595
*
1-800-FLOWERS.COM,
Inc
(Class
A)
6,843
19
Aaron's
Co,
Inc
184
TIAA-CREF
Life
Social
Choice
Equity
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
(continued)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
RETAILING—continued
625
e
Big
Lots,
Inc
$
6,850
21
*
CarMax,
Inc
1,350
9,939
eBay,
Inc
440,993
84
*
Five
Below,
Inc
17,301
205
*
GameStop
Corp
(Class
A)
4,719
316
*
Genesco,
Inc
11,654
3,363
Home
Depot,
Inc
992,489
747
*
Liquidity
Services,
Inc
9,838
1,064
LKQ
Corp
60,393
3,193
Lowe's
Companies,
Inc
638,504
5,974
Macy's,
Inc
104,485
431
*
MarineMax,
Inc
12,391
39
Pool
Corp
13,355
428
Shoe
Carnival,
Inc
10,978
3,073
Target
Corp
508,981
6,580
TJX
Companies,
Inc
515,609
221
Tractor
Supply
Co
51,944
20
*
TravelCenters
of
America,
Inc
1,730
15
Winmark
Corp
4,806
234
*
Zumiez,
Inc
4,315
TOTAL
RETAILING
3,419,712
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
-
6
.4
%
4,749
Applied
Materials,
Inc
583,320
289
*
Cirrus
Logic,
Inc
31,611
119
*
First
Solar,
Inc
25,882
20,390
Intel
Corp
666,141
990
Lam
Research
Corp
524,819
5,531
Marvell
Technology,
Inc
239,492
6,108
NVIDIA
Corp
1,696,619
5,527
*
ON
Semiconductor
Corp
454,983
256
*
Silicon
Laboratories,
Inc
44,823
3,907
Texas
Instruments,
Inc
726,741
185
Universal
Display
Corp
28,699
1,648
*
Wolfspeed,
Inc
107,038
TOTAL
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
5,130,168
SOFTWARE
&
SERVICES
-
18
.2
%
2,660
Accenture
plc
760,255
1,918
*
Adobe,
Inc
739,140
676
*
Akamai
Technologies,
Inc
52,931
123
*
Ansys,
Inc
40,934
2,332
*
Autodesk,
Inc
485,429
2,605
Automatic
Data
Processing,
Inc
579,951
534
*
Blackline,
Inc
35,858
1,875
*
Cadence
Design
Systems,
Inc
393,919
377
Concentrix
Corp
45,824
290
CSG
Systems
International,
Inc
15,573
1,350
Dolby
Laboratories,
Inc
(Class
A)
115,317
5,152
*
DXC
Technology
Co
131,685
394
*
ExlService
Holdings,
Inc
63,761
4,114
Fidelity
National
Information
Services,
Inc
223,514
134
*
Five9,
Inc
9,687
4,701
International
Business
Machines
Corp
616,254
1,419
Intuit,
Inc
632,633
2,745
Mastercard,
Inc
(Class
A)
997,560
16,203
Microsoft
Corp
4,671,325
890
*
New
Relic,
Inc
67,008
1,727
*
Nutanix,
Inc
44,885
136
*
OneSpan,
Inc
2,380
7,410
*
PayPal
Holdings,
Inc
562,715
TIAA-CREF
Life
Social
Choice
Equity
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
SOFTWARE
&
SERVICES—continued
356
*
Rapid7,
Inc
$
16,344
517
Roper
Technologies,
Inc
227,837
3,861
*
Salesforce,
Inc
771,351
1,266
*
ServiceNow,
Inc
588,335
809
*
SPS
Commerce,
Inc
123,211
1,463
*
SVMK,
Inc
13,635
1,183
*
Synopsys,
Inc
456,934
816
*
Teradata
Corp
32,868
1,114
*
Trade
Desk,
Inc
67,854
401
TTEC
Holdings,
Inc
14,929
456
*
VeriSign,
Inc
96,366
2,942
*
VMware,
Inc
(Class
A)
367,309
710
*
WEX,
Inc
130,562
2,261
*
Workday,
Inc
466,987
TOTAL
SOFTWARE
&
SERVICES
14,663,060
TECHNOLOGY
HARDWARE
&
EQUIPMENT
-
4
.3
%
2,016
Avnet,
Inc
91,123
281
Badger
Meter,
Inc
34,231
826
Benchmark
Electronics,
Inc
19,568
1,816
*
Ciena
Corp
95,376
15,638
Cisco
Systems,
Inc
817,477
757
CTS
Corp
37,441
587
*
ePlus,
Inc
28,787
827
*
Fabrinet
98,215
418
*
FARO
Technologies,
Inc
10,287
23,505
Hewlett
Packard
Enterprise
Co
374,435
15,668
HP,
Inc
459,856
695
*
Insight
Enterprises,
Inc
99,357
69
*
Itron,
Inc
3,826
2,620
*
Keysight
Technologies,
Inc
423,078
483
*
Kimball
Electronics,
Inc
11,640
2,059
*
Knowles
Corp
35,003
189
*
Lumentum
Holdings,
Inc
10,208
91
Methode
Electronics,
Inc
3,993
3,648
*,e
Microvision,
Inc
9,740
3,023
*
Mirion
Technologies,
Inc
25,816
45
Motorola
Solutions,
Inc
12,876
1,618
National
Instruments
Corp
84,799
624
*
Netgear,
Inc
11,550
49
*
Novanta,
Inc
7,795
192
*
OSI
Systems,
Inc
19,653
562
*,e
PAR
Technology
Corp
19,086
442
*
Plexus
Corp
43,126
633
*
Ribbon
Communications,
Inc
2,165
426
*
Rogers
Corp
69,621
5,473
*
Trimble
Inc
286,895
2,329
*
TTM
Technologies,
Inc
31,418
247
*
Vishay
Precision
Group,
Inc
10,315
3,594
Vontier
Corp
98,260
2,559
Xerox
Holdings
Corp
39,409
365
*
Xperi,
Inc
3,989
TOTAL
TECHNOLOGY
HARDWARE
&
EQUIPMENT
3,430,414
TELECOMMUNICATION
SERVICES
-
1
.1
%
514
*
Bandwidth
Inc
7,813
2,195
Iridium
Communications,
Inc
135,936
18,258
Verizon
Communications,
Inc
710,054
TOTAL
TELECOMMUNICATION
SERVICES
853,803
TIAA-CREF
Life
Social
Choice
Equity
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
(continued)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
TRANSPORTATION
-
3
.0
%
550
ArcBest
Corp
$
50,831
763
CH
Robinson
Worldwide,
Inc
75,819
17,164
CSX
Corp
513,890
11,799
*
Delta
Air
Lines,
Inc
412,021
1,399
Expeditors
International
of
Washington,
Inc
154,058
1,592
Norfolk
Southern
Corp
337,504
709
Old
Dominion
Freight
Line
241,656
3,473
United
Parcel
Service,
Inc
(Class
B)
673,727
TOTAL
TRANSPORTATION
2,459,506
UTILITIES
-
3
.1
%
3,875
American
Electric
Power
Co,
Inc
352,586
1,992
Consolidated
Edison,
Inc
190,575
249
DTE
Energy
Co
27,276
1,027
Eversource
Energy
80,373
8,838
NextEra
Energy,
Inc
681,233
2,283
Sempra
Energy
345,098
6,987
Southern
Co
486,155
389
UGI
Corp
13,522
1,563
WEC
Energy
Group,
Inc
148,157
2,512
Xcel
Energy,
Inc
169,409
TOTAL
UTILITIES
2,494,384
TOTAL
COMMON
STOCKS
80,298,948
(Cost
$52,022,540)
PRINCIPAL
ISSUER
RATE
MATURITY
DATE
SHORT-TERM
INVESTMENTS
-
0.8%
GOVERNMENT
AGENCY
DEBT
-
0
.6
%
$
504,000
Federal
Home
Loan
Bank
(FHLB)
0
.000
%
04/03/23
504,000
TOTAL
GOVERNMENT
AGENCY
DEBT
504,000
SHARES
COMPANY
EXP
INVESTMENTS
IN
REGISTERED
INVESTMENT
COMPANIES
-
0
.2
%
190,983
c
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
4
.550
190,983
TOTAL
INVESTMENTS
IN
REGISTERED
INVESTMENT
COMPANIES
190,983
TOTAL
SHORT-TERM
INVESTMENTS
694,983
(Cost
$694,861)
TOTAL
INVESTMENTS
-
100.5%
80,993,931
(Cost
$52,717,401)
OTHER
ASSETS
&
LIABILITIES,
NET
-
(0.5)%
(
425,684
)
NET
ASSETS
-
100.0%
$
80,568,247
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
to
cover
margin
requirements
on
open
futures
contracts.
e
All
or
a
portion
of
these
securities
are
out
on
loan.
The
aggregate
value
of
securities
on
loan
is
$291,844.
TIAA-CREF
Life
Social
Choice
Equity
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
Futures
contracts
outstanding
as
of
March
31,
2023
were
as
follows:
Description
Number
of
long
(short)
contracts
Expiration
date
Notional
amount
Value
Unrealized
appreciation
(depreciation)
CME
E-Mini
Standard
&
Poor's
500
Index
Future
2
06/16/23
$
397,476
$
413,775
$
16,299
TIAA-CREF
Life
Stock
Index
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
COMMON
STOCKS
-
99.6%
AUTOMOBILES
&
COMPONENTS
-
1
.9
%
1,634
*
Adient
plc
$
66,929
1,752
*
American
Axle
&
Manufacturing
Holdings,
Inc
13,683
4,663
*
Aptiv
plc
523,142
4,087
BorgWarner,
Inc
200,713
2,183
*,e
Canoo,
Inc
1,425
3,233
*,e
Cenntro
Electric
Group
Ltd
1,493
2,264
Dana
Inc
34,073
476
*
Dorman
Products,
Inc
41,060
2,668
*,e
Fisker,
Inc
16,382
66,835
Ford
Motor
Co
842,121
713
*
Fox
Factory
Holding
Corp
86,537
24,380
General
Motors
Co
894,258
4,153
Gentex
Corp
116,409
573
*
Gentherm,
Inc
34,621
3,873
*
Goodyear
Tire
&
Rubber
Co
42,680
2,377
Harley-Davidson,
Inc
90,255
377
LCI
Industries,
Inc
41,421
1,077
Lear
Corp
150,231
4,894
*,e
Lordstown
Motors
Corp
3,245
8,999
*,e
Lucid
Group,
Inc
72,352
3,923
*,e
Luminar
Technologies,
Inc
25,460
772
*
Modine
Manufacturing
Co
17,795
292
*
Motorcar
Parts
of
America,
Inc
2,172
381
Patrick
Industries,
Inc
26,217
4,191
*,e
QuantumScape
Corp
34,282
8,805
*,e
Rivian
Automotive,
Inc
136,301
2,129
*,e
Solid
Power,
Inc
6,408
330
Standard
Motor
Products,
Inc
12,180
449
*
Stoneridge,
Inc
8,396
44,163
*
Tesla,
Inc
9,162,056
947
Thor
Industries,
Inc
75,419
496
*
Visteon
Corp
77,788
486
Winnebago
Industries,
Inc
28,042
2,131
*,e
Workhorse
Group,
Inc
2,834
343
*
XPEL,
Inc
23,307
TOTAL
AUTOMOBILES
&
COMPONENTS
12,911,687
BANKS
-
3
.4
%
254
1st
Source
Corp
10,960
95
ACNB
Corp
3,092
197
Amalgamated
Financial
Corp
3,485
442
Amerant
Bancorp
Inc
9,618
127
American
National
Bankshares,
Inc
4,026
1,222
Ameris
Bancorp
44,701
199
Arrow
Financial
Corp
4,957
2,719
Associated
Banc-Corp
48,888
1,279
Atlantic
Union
Bankshares
Corp
44,829
945
*
Axos
Financial,
Inc
34,889
697
Banc
of
California,
Inc
8,733
446
Bancfirst
Corp
37,063
117
e
Bank
First
Corp
8,609
120,056
Bank
of
America
Corp
3,433,602
861
e
Bank
of
Hawaii
Corp
44,841
174
Bank
of
Marin
Bancorp
3,809
1,235
Bank
of
NT
Butterfield
&
Son
Ltd
33,345
2,233
Bank
OZK
76,369
1,737
BankUnited
39,221
511
Banner
Corp
27,783
219
Bar
Harbor
Bankshares
5,793
TIAA-CREF
Life
Stock
Index
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
BANKS—continued
148
Baycom
Corp
$
2,528
174
BCB
Bancorp,
Inc
2,285
641
Berkshire
Hills
Bancorp,
Inc
16,063
298
*
Blue
Foundry
Bancorp
2,837
235
Blue
Ridge
Bankshares,
Inc
2,397
717
BOK
Financial
Corp
60,522
385
*
Bridgewater
Bancshares,
Inc
4,173
1,258
Brookline
Bancorp,
Inc
13,209
324
Business
First
Bancshares,
Inc
5,550
231
Byline
Bancorp,
Inc
4,994
3,491
Cadence
BanCorp
72,473
59
Cambridge
Bancorp
3,824
238
Camden
National
Corp
8,613
693
Capital
Bancorp,
Inc
11,532
156
Capital
City
Bank
Group,
Inc
4,572
2,332
Capitol
Federal
Financial
15,694
292
Capstar
Financial
Holdings,
Inc
4,424
641
*
Carter
Bankshares,
Inc
8,974
1,220
Cathay
General
Bancorp
42,114
470
Central
Pacific
Financial
Corp
8,413
33,111
Citigroup,
Inc
1,552,575
167
Citizens
&
Northern
Corp
3,570
8,682
Citizens
Financial
Group,
Inc
263,672
236
City
Holding
Co
21,448
157
Civista
Bancshares,
Inc
2,650
226
CNB
Financial
Corp
4,339
415
*
Coastal
Financial
Corp
14,944
163
Colony
Bankcorp
Inc
1,663
3,230
Columbia
Banking
System,
Inc
69,187
599
*
Columbia
Financial,
Inc
10,950
2,351
Comerica,
Inc
102,080
1,958
Commerce
Bancshares,
Inc
114,249
1,009
Community
Bank
System,
Inc
52,962
238
Community
Trust
Bancorp,
Inc
9,032
422
ConnectOne
Bancorp,
Inc
7,461
858
*
CrossFirst
Bankshares,
Inc
8,992
1,101
Cullen/Frost
Bankers,
Inc
115,979
438
*
Customers
Bancorp,
Inc
8,112
2,357
CVB
Financial
Corp
39,315
611
Dime
Community
Bancshares,
Inc
13,882
638
Eagle
Bancorp,
Inc
21,354
2,453
East
West
Bancorp,
Inc
136,141
2,652
Eastern
Bankshares,
Inc
33,468
375
Enact
Holdings,
Inc
8,572
147
Enterprise
Bancorp,
Inc
4,625
424
Enterprise
Financial
Services
Corp
18,906
161
Equity
Bancshares,
Inc
3,924
105
Esquire
Financial
Holdings,
Inc
4,105
1,785
Essent
Group
Ltd
71,489
193
e
Farmers
&
Merchants
Bancorp,
Inc
4,694
378
Farmers
National
Banc
Corp
4,778
560
FB
Financial
Corp
17,405
139
Federal
Agricultural
Mortgage
Corp
(FAMC)
18,513
11,764
Fifth
Third
Bancorp
313,393
335
*,e
Finance
Of
America
Cos,
Inc
415
202
Financial
Institutions,
Inc
3,895
3,399
First
Bancorp
38,817
440
First
Bancorp
15,629
162
First
Bancorp,
Inc
4,194
201
First
Bancshares,
Inc
5,192
354
First
Bank
3,575
TIAA-CREF
Life
Stock
Index
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
(continued)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
BANKS—continued
586
First
Busey
Corp
$
11,919
87
First
Business
Financial
Services,
Inc
2,654
219
First
Citizens
Bancshares,
Inc
(Class
A)
213,109
1,371
First
Commonwealth
Financial
Corp
17,042
242
First
Community
Bancshares,
Inc
6,062
1,705
First
Financial
Bancorp
37,118
2,288
First
Financial
Bankshares,
Inc
72,987
14
First
Financial
Corp
525
445
First
Foundation,
Inc
3,315
106
e
First
Guaranty
Bancshares,
Inc
1,661
2,293
First
Hawaiian,
Inc
47,305
9,020
First
Horizon
National
Corp
160,376
85
First
Internet
Bancorp
1,415
1,459
First
Interstate
Bancsystem,
Inc
43,566
960
First
Merchants
Corp
31,632
93
First
Mid-Illinois
Bancshares,
Inc
2,531
321
First
of
Long
Island
Corp
4,333
2,292
e
First
Republic
Bank
32,065
170
*
First
Western
Financial,
Inc
3,366
177
Five
Star
Bancorp
3,777
358
Flushing
Financial
Corp
5,331
5,298
FNB
Corp
61,457
2,673
Fulton
Financial
Corp
36,941
158
*
FVCBankcorp,
Inc
1,683
325
German
American
Bancorp,
Inc
10,845
1,648
Glacier
Bancorp,
Inc
69,232
26
Great
Southern
Bancorp,
Inc
1,318
132
Greene
County
Bancorp,
Inc
2,994
28
Guaranty
Bancshares,
Inc
780
1,685
Hancock
Whitney
Corp
61,334
484
Hanmi
Financial
Corp
8,988
1,147
HarborOne
Northeast
Bancorp,
Inc
13,993
429
Heartland
Financial
USA,
Inc
16,456
1,217
Heritage
Commerce
Corp
10,138
460
Heritage
Financial
Corp
9,844
1,168
Hilltop
Holdings,
Inc
34,655
22
e
Hingham
Institution
for
Savings
5,136
89
Home
Bancorp,
Inc
2,940
2,960
Home
Bancshares,
Inc
64,262
2,953
Home
Point
Capital,
Inc
5,699
314
HomeStreet,
Inc
5,649
265
HomeTrust
Bancshares,
Inc
6,516
1,956
Hope
Bancorp,
Inc
19,208
501
Horizon
Bancorp
5,541
25,248
Huntington
Bancshares,
Inc
282,778
726
Independent
Bank
Corp
47,640
308
Independent
Bank
Corp
5,473
488
Independent
Bank
Group,
Inc
22,619
843
International
Bancshares
Corp
36,097
164
John
Marshall
Bancorp,
Inc
3,542
49,804
JPMorgan
Chase
&
Co
6,489,959
2,079
Kearny
Financial
Corp
16,881
16,007
Keycorp
200,408
584
Lakeland
Bancorp,
Inc
9,134
525
Lakeland
Financial
Corp
32,886
485
Live
Oak
Bancshares,
Inc
11,819
341
Luther
Burbank
Corp
3,233
3,024
M&T
Bank
Corp
361,580
400
Macatawa
Bank
Corp
4,088
226
Mercantile
Bank
Corp
6,911
232
Merchants
Bancorp
6,041
TIAA-CREF
Life
Stock
Index
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
BANKS—continued
753
Meta
Financial
Group,
Inc
$
31,242
224
Metrocity
Bankshares,
Inc
3,828
101
*
Metropolitan
Bank
Holding
Corp
3,423
5,143
MGIC
Investment
Corp
69,019
129
Mid
Penn
Bancorp,
Inc
3,304
324
Midland
States
Bancorp,
Inc
6,940
169
MidWestOne
Financial
Group,
Inc
4,127
1,135
*
Mr
Cooper
Group,
Inc
46,501
142
MVB
Financial
Corp
2,931
535
National
Bank
Holdings
Corp
17,901
669
NBT
Bancorp,
Inc
22,552
9,844
New
York
Community
Bancorp,
Inc
88,990
140
*
Nicolet
Bankshares,
Inc
8,827
1,272
*
NMI
Holdings,
Inc
28,404
90
Northeast
Bank
3,029
643
Northfield
Bancorp,
Inc
7,575
2,189
Northwest
Bancshares,
Inc
26,334
714
OceanFirst
Financial
Corp
13,195
596
OFG
Bancorp
14,864
4,862
Old
National
Bancorp
70,110
432
Old
Second
Bancorp,
Inc
6,074
249
Origin
Bancorp,
Inc
8,005
111
Orrstown
Financial
Services,
Inc
2,204
1,405
Pacific
Premier
Bancorp,
Inc
33,748
2,138
PacWest
Bancorp
20,803
205
Park
National
Corp
24,307
126
Parke
Bancorp,
Inc
2,240
144
PCB
Bancorp
2,087
259
Peapack
Gladstone
Financial
Corp
7,672
399
PennyMac
Financial
Services,
Inc
23,784
532
Peoples
Bancorp,
Inc
13,699
101
Peoples
Financial
Services
Corp
4,378
1,330
Pinnacle
Financial
Partners,
Inc
73,363
226
*
Pioneer
Bancorp,
Inc
2,228
7,070
PNC
Financial
Services
Group,
Inc
898,597
1,252
Popular,
Inc
71,877
188
Preferred
Bank
10,304
586
Premier
Financial
Corp
12,148
169
Primis
Financial
Corp
1,627
1,690
Prosperity
Bancshares,
Inc
103,969
741
Provident
Bancorp
Inc
5,068
1,239
Provident
Financial
Services,
Inc
23,764
190
QCR
Holdings,
Inc
8,343
2,506
Radian
Group,
Inc
55,383
104
RBB
Bancorp
1,612
91
Red
River
Bancshares
Inc
4,378
16,640
Regions
Financial
Corp
308,838
769
Renasant
Corp
23,516
146
Republic
Bancorp,
Inc
(Class
A)
6,195
750
*,e
Republic
First
Bancorp,
Inc
1,020
2,233
*,e
Rocket
Cos,
Inc
20,231
540
S&T
Bancorp,
Inc
16,983
495
Sandy
Spring
Bancorp,
Inc
12,860
977
Seacoast
Banking
Corp
of
Florida
23,155
726
ServisFirst
Bancshares,
Inc
39,661
130
Shore
Bancshares,
Inc
1,856
192
Sierra
Bancorp
3,306
1,550
Simmons
First
National
Corp
(Class
A)
27,110
116
SmartFinancial,
Inc
2,684
138
South
Plains
Financial
Inc
2,955
1,456
South
State
Corp
103,755
TIAA-CREF
Life
Stock
Index
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
(continued)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
BANKS—continued
101
*
Southern
First
Bancshares,
Inc
$
3,101
86
Southern
Missouri
Bancorp,
Inc
3,217
432
Southside
Bancshares,
Inc
14,342
522
Stellar
Bancorp,
Inc
12,846
346
*
Sterling
Bancorp,
Inc
1,958
421
Stock
Yards
Bancorp,
Inc
23,214
164
Summit
Financial
Group,
Inc
3,403
2,625
Synovus
Financial
Corp
80,929
932
*
Texas
Capital
Bancshares,
Inc
45,631
143
TFS
Financial
Corp
1,806
814
*
The
Bancorp,
Inc
22,670
192
*
Third
Coast
Bancshares,
Inc
3,016
229
Tompkins
Financial
Corp
15,162
996
Towne
Bank
26,543
618
Trico
Bancshares
25,703
513
Triumph
Bancorp,
Inc
29,785
22,915
Truist
Financial
Corp
781,402
277
TrustCo
Bank
Corp
NY
8,847
1,035
Trustmark
Corp
25,565
685
UMB
Financial
Corp
39,538
1,802
United
Bankshares,
Inc
63,430
1,315
United
Community
Banks,
Inc
36,978
364
Univest
Financial
Corp
8,641
23,030
US
Bancorp
830,232
328
*
USCB
Financial
Holdings,
Inc
3,244
1,161
e
UWM
Holdings
Corp
5,701
7,103
Valley
National
Bancorp
65,632
208
*
Velocity
Financial,
Inc
1,878
1,054
Veritex
Holdings,
Inc
19,246
543
Walker
&
Dunlop,
Inc
41,360
1,098
Washington
Federal,
Inc
33,072
232
Washington
Trust
Bancorp,
Inc
8,041
384
Waterstone
Financial,
Inc
5,810
3,310
Webster
Financial
Corp
130,480
64,970
Wells
Fargo
&
Co
2,428,579
875
WesBanco,
Inc
26,863
239
West
Bancorporation,
Inc
4,367
533
Westamerica
Bancorporation
23,612
1,643
Western
Alliance
Bancorp
58,392
886
Wintrust
Financial
Corp
64,634
1,054
WSFS
Financial
Corp
39,641
2,692
Zions
Bancorporation
80,572
TOTAL
BANKS
23,710,703
CAPITAL
GOODS
-
6
.5
%
9,656
3M
Co
1,014,942
2,034
A.O.
Smith
Corp
140,651
724
Aaon,
Inc
70,004
511
*
AAR
Corp
27,875
600
Acuity
Brands,
Inc
109,638
1,058
Advanced
Drainage
Systems,
Inc
89,094
2,396
Aecom
Technology
Corp
202,031
1,067
*
Aerojet
Rocketdyne
Holdings,
Inc
59,933
407
*
Aerovironment,
Inc
37,306
149
*
AerSale
Corp
2,566
1,087
AGCO
Corp
146,962
1,858
Air
Lease
Corp
73,149
148
Alamo
Group,
Inc
27,256
620
Albany
International
Corp
(Class
A)
55,403
1,537
Allegion
plc
164,044
197
Allied
Motion
Technologies,
Inc
7,614
TIAA-CREF
Life
Stock
Index
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
CAPITAL
GOODS—continued
1,473
Allison
Transmission
Holdings,
Inc
$
66,639
330
Alta
Equipment
Group,
Inc
5,231
512
*
Ameresco,
Inc
25,201
254
*
American
Woodmark
Corp
13,226
3,942
Ametek,
Inc
572,891
2,835
*
API
Group
Corp
63,731
438
Apogee
Enterprises,
Inc
18,944
567
Applied
Industrial
Technologies,
Inc
80,588
2,056
*
Archer
Aviation,
Inc
5,880
909
Arcosa,
Inc
57,367
244
Argan,
Inc
9,875
863
Armstrong
World
Industries,
Inc
61,480
2,492
*
Array
Technologies,
Inc
54,525
334
Astec
Industries,
Inc
13,778
2,547
*
Astra
Space,
Inc
1,082
340
*
Astronics
Corp
4,542
748
*
Atkore
International
Group,
Inc
105,079
1,101
*
Axon
Enterprise,
Inc
247,560
1,731
*
AZEK
Co,
Inc
40,748
406
AZZ,
Inc
16,743
1,051
*
Babcock
&
Wilcox
Enterprises,
Inc
6,369
782
Barnes
Group,
Inc
31,499
1,050
*
Beacon
Roofing
Supply,
Inc
61,793
1,236
*,e
Berkshire
Grey,
Inc
1,706
632
*,e
Blink
Charging
Co
5,467
2,944
*
Bloom
Energy
Corp
58,674
217
*
Blue
Bird
Corp
4,433
166
*
BlueLinx
Holdings,
Inc
11,281
9,343
*
Boeing
Co
1,984,734
597
Boise
Cascade
Co
37,760
287
Brookfield
Business
Corp
5,688
2,650
*
Builders
FirstSource,
Inc
235,267
1,679
BWX
Technologies,
Inc
105,844
228
Cadre
Holdings,
Inc
4,911
351
e
Caesarstone
Sdot-Yam
Ltd
1,450
862
Carlisle
Cos,
Inc
194,872
14,465
Carrier
Global
Corp
661,774
9,024
Caterpillar,
Inc
2,065,052
4,222
*,e
ChargePoint
Holdings,
Inc
44,204
624
*
Chart
Industries,
Inc
78,250
337
*
CIRCOR
International,
Inc
10,487
413
Columbus
McKinnon
Corp
15,347
575
Comfort
Systems
USA,
Inc
83,927
708
*
Concrete
Pumping
Holdings
Inc
4,814
531
*
Construction
Partners
Inc
14,305
836
*
Core
&
Main,
Inc
19,312
775
Crane
Holdings
Co
87,963
225
CSW
Industrials,
Inc
31,259
2,401
Cummins,
Inc
573,551
722
Curtiss-Wright
Corp
127,260
688
*
Custom
Truck
One
Source,
Inc
4,672
1,272
*,e
Decarbonization
Plus
Acquisition
Corp
1,037
4,743
Deere
&
Co
1,958,290
4,600
*,e
Desktop
Metal,
Inc
10,580
2,166
Donaldson
Co,
Inc
141,526
347
Douglas
Dynamics,
Inc
11,066
2,465
Dover
Corp
374,532
160
*
Ducommun,
Inc
8,754
240
*
DXP
Enterprises,
Inc
6,461
486
*
Dycom
Industries,
Inc
45,514
6,748
Eaton
Corp
1,156,202
TIAA-CREF
Life
Stock
Index
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
(continued)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
CAPITAL
GOODS—continued
916
EMCOR
Group,
Inc
$
148,932
10,025
Emerson
Electric
Co
873,579
318
Encore
Wire
Corp
58,935
738
*
Energy
Recovery,
Inc
17,011
313
*,e
Energy
Vault
Holdings,
Inc
670
917
Enerpac
Tool
Group
Corp
23,384
681
EnerSys
59,165
1,817
*
Enovix
Corp
27,091
330
EnPro
Industries,
Inc
34,284
752
Esab
Corp
44,421
502
ESCO
Technologies,
Inc
47,916
1,410
*,e
ESS
Tech,
Inc
1,960
1,875
*
Evoqua
Water
Technologies
Corp
93,225
9,626
Fastenal
Co
519,226
494
*
Fathom
Digital
Manufacturing
C
268
1,130
Federal
Signal
Corp
61,257
2,325
Flowserve
Corp
79,050
503
*,e
Fluence
Energy,
Inc
10,186
2,528
*
Fluor
Corp
78,140
5,820
Fortive
Corp
396,749
2,359
Fortune
Brands
Home
&
Security,
Inc
138,544
719
Franklin
Electric
Co,
Inc
67,658
426
*,e
FTC
Solar,
Inc
959
6,671
*,e
FuelCell
Energy,
Inc
19,012
1,000
*
Gates
Industrial
Corp
plc
13,890
608
GATX
Corp
66,892
1,074
*
Generac
Holdings,
Inc
116,003
4,181
General
Dynamics
Corp
954,146
18,715
General
Electric
Co
1,789,154
567
*
Gibraltar
Industries,
Inc
27,500
187
Global
Industrial
Co
5,019
829
*
GMS,
Inc
47,991
368
Gorman-Rupp
Co
9,200
2,901
Graco,
Inc
211,802
2,996
GrafTech
International
Ltd
14,561
696
Granite
Construction,
Inc
28,592
890
*
Great
Lakes
Dredge
&
Dock
Corp
4,833
648
Greenbrier
Cos,
Inc
20,846
552
Griffon
Corp
17,670
627
H&E
Equipment
Services,
Inc
27,732
802
*
Hayward
Holdings,
Inc
9,399
760
HEICO
Corp
129,990
1,362
HEICO
Corp
(Class
A)
185,096
6,158
*
Heliogen,
Inc
1,479
629
Helios
Technologies,
Inc
41,137
413
Herc
Holdings,
Inc
47,041
1,552
Hexcel
Corp
105,924
1,406
Hillenbrand,
Inc
66,827
1,910
*
Hillman
Solutions
Corp
16,082
11,514
Honeywell
International,
Inc
2,200,556
6,541
Howmet
Aerospace,
Inc
277,142
933
Hubbell,
Inc
227,008
699
*
Hudson
Technologies,
Inc
6,102
625
Huntington
Ingalls
129,388
622
*
Hydrofarm
Holdings
Group,
Inc
1,076
1,987
*,e
Hyliion
Holdings
Corp
3,934
158
Hyster-Yale
Materials
Handling,
Inc
7,883
1,271
IDEX
Corp
293,639
137
*
IES
Holdings,
Inc
5,903
5,320
Illinois
Tool
Works,
Inc
1,295,154
6,510
Ingersoll
Rand,
Inc
378,752
TIAA-CREF
Life
Stock
Index
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
CAPITAL
GOODS—continued
289
Insteel
Industries,
Inc
$
8,040
1,554
ITT,
Inc
134,110
1,086
*
Janus
International
Group,
Inc
10,708
1,178
*
JELD-WEN
Holding,
Inc
14,913
486
John
Bean
Technologies
Corp
53,115
11,905
Johnson
Controls
International
plc
716,919
166
Kadant,
Inc
34,614
670
Kaman
Corp
15,316
172
Karat
Packaging,
Inc
2,293
1,307
Kennametal,
Inc
36,047
1,903
*
Kratos
Defense
&
Security
Solutions,
Inc
25,652
3,305
L3Harris
Technologies,
Inc
648,573
87
*
Lawson
Products,
Inc
3,955
580
Lennox
International,
Inc
145,742
954
Lincoln
Electric
Holdings,
Inc
161,321
165
Lindsay
Corp
24,936
3,977
Lockheed
Martin
Corp
1,880,047
478
Luxfer
Holdings
plc
8,078
539
*
Manitowoc
Co,
Inc
9,212
2,129
*
Markforged
Holding
Corp
2,041
4,005
Masco
Corp
199,129
464
*
Masonite
International
Corp
42,117
1,042
*
Mastec,
Inc
98,406
2,359
*
Masterbrand,
Inc
18,966
1,194
Maxar
Technologies,
Inc
60,966
379
McGrath
RentCorp
35,364
3,697
MDU
Resources
Group,
Inc
112,685
952
*
Mercury
Systems,
Inc
48,666
2,986
*
Microvast
Holdings,
Inc
3,703
971
*
Middleby
Corp
142,358
168
Miller
Industries,
Inc
5,939
941
*,e
Momentus,
Inc
550
629
Moog,
Inc
(Class
A)
63,372
1,441
*
MRC
Global,
Inc
14,007
779
MSC
Industrial
Direct
Co
(Class
A)
65,436
883
Mueller
Industries,
Inc
64,883
2,381
Mueller
Water
Products,
Inc
(Class
A)
33,191
301
*
MYR
Group,
Inc
37,929
76
National
Presto
Industries,
Inc
5,479
4,919
*,e
Nikola
Corp
5,952
995
Nordson
Corp
221,149
2,499
Northrop
Grumman
Corp
1,153,838
149
*
Northwest
Pipe
Co
4,653
1,637
*
NOW,
Inc
18,253
262
*,e
NuScale
Power
Corp
2,382
224
*
NV5
Global
Inc
23,289
2,708
nVent
Electric
plc
116,282
44
Omega
Flex,
Inc
4,903
1,192
Oshkosh
Corp
99,151
7,192
Otis
Worldwide
Corp
607,005
1,685
Owens
Corning,
Inc
161,423
8,604
PACCAR,
Inc
629,813
291
Park
Aerospace
Corp
3,914
2,182
Parker-Hannifin
Corp
733,392
328
*
Parsons
Corp
14,675
2,996
Pentair
plc
165,589
763
*
PGT
Innovations,
Inc
19,159
8,759
*,e
Plug
Power,
Inc
102,655
263
Powell
Industries,
Inc
11,201
51
Preformed
Line
Products
Co
6,530
729
Primoris
Services
Corp
17,977
TIAA-CREF
Life
Stock
Index
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
(continued)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
CAPITAL
GOODS—continued
509
*
Proto
Labs,
Inc
$
16,873
492
Quanex
Building
Products
Corp
10,593
2,443
Quanta
Services,
Inc
407,102
25,394
Raytheon
Technologies
Corp
2,486,834
477
*
RBC
Bearings,
Inc
111,012
1,177
Regal-Beloit
Corp
165,639
2,451
*
Resideo
Technologies,
Inc
44,804
562
REV
Group,
Inc
6,738
3,361
*,e
Rocket
Lab
USA,
Inc
13,578
2,003
Rockwell
Automation,
Inc
587,780
691
Rush
Enterprises,
Inc
(Class
A)
37,729
144
Rush
Enterprises,
Inc
(Class
B)
8,624
1,319
*
Sarcos
Technology
and
Robotics
Corp
626
2,806
Sensata
Technologies
Holding
plc
140,356
2,118
*
Shoals
Technologies
Group,
Inc
48,269
514
Shyft
Group,
Inc
11,694
842
Simpson
Manufacturing
Co,
Inc
92,317
727
*
SiteOne
Landscape
Supply,
Inc
99,504
878
Snap-On,
Inc
216,769
1,891
Spirit
Aerosystems
Holdings,
Inc
(Class
A)
65,296
647
*
SPX
Technologies,
Inc
45,665
195
Standex
International
Corp
23,876
2,609
Stanley
Black
&
Decker,
Inc
210,233
2,463
*,e
Stem,
Inc
13,965
394
*
Sterling
Construction
Co,
Inc
14,925
3,438
*
Sunrun,
Inc
69,276
268
Tennant
Co
18,366
939
Terex
Corp
45,429
550
Textainer
Group
Holdings
Ltd
17,661
3,692
Textron,
Inc
260,766
509
*
Thermon
Group
Holdings
12,684
1,188
Timken
Co
97,083
638
*
Titan
International,
Inc
6,686
282
*
Titan
Machinery,
Inc
8,587
1,833
Toro
Co
203,756
559
*
TPI
Composites,
Inc
7,295
4,007
Trane
Technologies
plc
737,208
121
*
Transcat
Inc
10,816
882
TransDigm
Group,
Inc
650,078
2,052
*
Trex
Co,
Inc
99,871
1,374
Trinity
Industries,
Inc
33,471
930
Triton
International
Ltd
58,795
1,063
*
Triumph
Group,
Inc
12,320
585
*
Tutor
Perini
Corp
3,609
1,160
UFP
Industries,
Inc
92,185
1,205
United
Rentals,
Inc
476,891
2,797
*
Univar
Solutions
Inc
97,979
345
Valmont
Industries,
Inc
110,152
156
*
Vectrus,
Inc
6,196
251
Veritiv
Corp
33,920
5,197
Vertiv
Holdings
Co
74,369
339
*
Vicor
Corp
15,913
2,116
*,e
View,
Inc
1,058
3,817
*
Virgin
Galactic
Holdings,
Inc
15,459
756
W.W.
Grainger,
Inc
520,740
918
Wabash
National
Corp
22,574
593
Watsco,
Inc
188,669
522
Watts
Water
Technologies,
Inc
(Class
A)
87,863
763
WESCO
International,
Inc
117,914
3,014
Westinghouse
Air
Brake
Technologies
Corp
304,595
3,797
*
WillScot
Mobile
Mini
Holdings
Corp
178,003
TIAA-CREF
Life
Stock
Index
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
CAPITAL
GOODS—continued
1,032
Woodward
Inc
$
100,486
883
*,e
Xos,
Inc
464
3,161
Xylem,
Inc
330,957
2,011
Zurn
Water
Solutions
Corp
42,955
TOTAL
CAPITAL
GOODS
44,734,293
COMMERCIAL
&
PROFESSIONAL
SERVICES
-
1
.1
%
1,238
ABM
Industries,
Inc
55,636
1,696
ACCO
Brands
Corp
9,023
1,880
*
ACV
Auctions,
Inc
24,271
5,275
*
Alight,
Inc
48,583
271
Aris
Water
Solution,
Inc
2,111
918
*
ASGN
Inc
75,891
110
Barrett
Business
Services,
Inc
9,750
2,259
Booz
Allen
Hamilton
Holding
Co
209,387
949
Brady
Corp
(Class
A)
50,990
329
*
BrightView
Holdings,
Inc
1,849
834
Brink's
Co
55,711
409
*
CACI
International,
Inc
(Class
A)
121,179
801
*
Casella
Waste
Systems,
Inc
(Class
A)
66,211
778
*
CBIZ,
Inc
38,503
270
*
Cimpress
plc
11,831
1,494
Cintas
Corp
691,244
7,903
*
Clarivate
Analytics
plc
74,209
819
*
Clean
Harbors,
Inc
116,757
7,282
*
Copart,
Inc
547,679
2,056
*
CoreCivic,
Inc
18,915
6,753
*
CoStar
Group,
Inc
464,944
128
CRA
International,
Inc
13,801
754
Deluxe
Corp
12,064
633
*
Driven
Brands
Holdings,
Inc
19,186
3,839
Dun
&
Bradstreet
Holdings,
Inc
45,070
394
Ennis,
Inc
8,309
2,072
Equifax,
Inc
420,284
944
Exponent,
Inc
94,107
598
*
First
Advantage
Corp
8,348
178
*
Forrester
Research,
Inc
5,758
148
*
Franklin
Covey
Co
5,694
620
*
FTI
Consulting,
Inc
122,357
2,553
*,e
Geo
Group,
Inc
20,143
1,393
*
Harsco
Corp
9,514
1,153
Healthcare
Services
Group
15,992
286
Heidrick
&
Struggles
International,
Inc
8,683
247
*
Heritage-Crystal
Clean,
Inc
8,796
1,168
Herman
Miller,
Inc
23,886
271
*
HireRight
Holdings
Corp
2,875
682
HNI
Corp
18,987
334
*
Huron
Consulting
Group,
Inc
26,844
282
ICF
International,
Inc
30,935
674
Insperity,
Inc
81,925
961
Interface,
Inc
7,803
2,208
Jacobs
Solutions,
Inc
259,462
2,200
*
KAR
Auction
Services,
Inc
30,096
2,207
KBR,
Inc
121,495
481
Kelly
Services,
Inc
(Class
A)
7,980
366
Kforce,
Inc
23,146
577
Kimball
International,
Inc
(Class
B)
7,155
1,048
Korn/Ferry
International
54,224
1,550
*
Legalzoom.com,
Inc
14,539
2,347
Leidos
Holdings,
Inc
216,065
2,072
*,e
Li-Cycle
Holdings
Corp
11,665
TIAA-CREF
Life
Stock
Index
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
(continued)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
COMMERCIAL
&
PROFESSIONAL
SERVICES—continued
931
Manpower,
Inc
$
76,835
491
Matthews
International
Corp
(Class
A)
17,705
361
*
Montrose
Environmental
Group,
Inc
12,877
663
MSA
Safety,
Inc
88,511
2,896
Pitney
Bowes,
Inc
11,265
2,398
*
Planet
Labs
PBC
9,424
175
*
Red
Violet,
Inc
3,080
3,488
Republic
Services,
Inc
471,647
514
Resources
Connection,
Inc
8,769
1,238
Ritchie
Bros
Auctioneers,
Inc
69,687
1,790
Robert
Half
International,
Inc
144,220
4,005
Rollins,
Inc
150,308
997
Science
Applications
International
Corp
107,138
1,429
*,e
Skillsoft
Corp
2,858
269
*
SP
Plus
Corp
9,224
2,088
*
Spire
Global,
Inc
1,395
1,776
Steelcase,
Inc
(Class
A)
14,954
1,556
*
Stericycle,
Inc
67,857
321
*
Sterling
Check
Corp
3,579
940
Tetra
Tech,
Inc
138,095
3,332
TransUnion
207,050
686
*
TriNet
Group,
Inc
55,298
645
*
TrueBlue,
Inc
11,481
237
Unifirst
Corp
41,767
1,953
*
Upwork,
Inc
22,108
2,653
Verisk
Analytics,
Inc
509,005
440
*
Viad
Corp
9,170
134
VSE
Corp
6,017
7,077
Waste
Management,
Inc
1,154,754
116
*
Willdan
Group,
Inc
1,812
TOTAL
COMMERCIAL
&
PROFESSIONAL
SERVICES
7,879,752
CONSUMER
DURABLES
&
APPAREL
-
1
.3
%
707
Acushnet
Holdings
Corp
36,015
1,510
*,e
Allbirds,
Inc
1,812
1,083
*,e
AMMO,
Inc
2,134
1,301
Brunswick
Corp
106,682
2,097
*
Callaway
Golf
Co
45,337
2,137
*
Capri
Holdings
Ltd
100,439
750
Carter's,
Inc
53,940
132
*
Cavco
Industries,
Inc
41,942
608
Century
Communities,
Inc
38,863
307
Clarus
Corp
2,901
604
Columbia
Sportswear
Co
54,505
1,086
*
Crocs,
Inc
137,314
473
*
Deckers
Outdoor
Corp
212,637
5,459
DR
Horton,
Inc
533,290
197
*,e
Dream
Finders
Homes,
Inc
2,610
562
Ermenegildo
Zegna
Holditalia
S.p.A
7,666
327
Ethan
Allen
Interiors,
Inc
8,979
730
*
Fossil
Group,
Inc
2,336
2,599
*
Garmin
Ltd
262,291
682
*
G-III
Apparel
Group
Ltd
10,605
1,998
*
GoPro,
Inc
10,050
578
*
Green
Brick
Partners,
Inc
20,265
6,162
Hanesbrands,
Inc
32,412
2,241
Hasbro,
Inc
120,319
444
*
Helen
of
Troy
Ltd
42,255
81
*
Hovnanian
Enterprises,
Inc
5,495
379
Installed
Building
Products,
Inc
43,217
443
*
iRobot
Corp
19,333
TIAA-CREF
Life
Stock
Index
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
CONSUMER
DURABLES
&
APPAREL—continued
75
Johnson
Outdoors,
Inc
$
4,726
1,402
KB
Home
56,332
811
Kontoor
Brands,
Inc
39,244
706
*
Latham
Group,
Inc
2,019
696
La-Z-Boy,
Inc
20,240
2,404
Leggett
&
Platt,
Inc
76,640
4,373
Lennar
Corp
(Class
A)
459,646
224
Lennar
Corp
(Class
B)
20,005
353
*
LGI
Homes,
Inc
40,253
163
Lifetime
Brands,
Inc
958
223
*
Lovesac
Co
6,445
1,910
*
Lululemon
Athletica,
Inc
695,603
301
*
M/I
Homes,
Inc
18,990
287
*
Malibu
Boats,
Inc
16,201
156
Marine
Products
Corp
2,058
295
*
MasterCraft
Boat
Holdings,
Inc
8,977
6,094
*
Mattel,
Inc
112,191
1,086
MDC
Holdings,
Inc
42,213
529
Meritage
Homes
Corp
61,766
918
*
Mohawk
Industries,
Inc
92,002
227
Movado
Group,
Inc
6,531
6,518
Newell
Brands
Inc
81,084
20,906
Nike,
Inc
(Class
B)
2,563,912
52
*
NVR,
Inc
289,754
276
Oxford
Industries,
Inc
29,143
4,992
*
Peloton
Interactive,
Inc
56,609
356
*,e
PLBY
Group,
Inc
705
987
Polaris
Inc
109,192
3,872
Pulte
Homes,
Inc
225,660
795
*,e
Purple
Innovation,
Inc
2,099
1,126
PVH
Corp
100,394
809
Ralph
Lauren
Corp
94,386
200
Rocky
Brands,
Inc
4,614
2,405
*
Skechers
U.S.A.,
Inc
(Class
A)
114,286
966
*
Skyline
Champion
Corp
72,672
840
Smith
&
Wesson
Brands,
Inc
10,340
235
*,e
Snap
One
Holdings
Corp
2,197
2,102
*
Sonos,
Inc
41,241
1,383
Steven
Madden
Ltd
49,788
272
Sturm
Ruger
&
Co,
Inc
15,624
133
Superior
Uniform
Group,
Inc
1,047
4,436
Tapestry,
Inc
191,236
1,558
*
Taylor
Morrison
Home
Corp
59,609
3,135
Tempur
Sealy
International,
Inc
123,801
2,005
Toll
Brothers,
Inc
120,360
563
*
TopBuild
Corp
117,183
194
*
Traeger,
Inc
797
1,429
*
TRI
Pointe
Homes,
Inc
36,182
917
*
Tupperware
Brands
Corp
2,293
3,425
*
Under
Armour,
Inc
(Class
A)
32,503
3,626
*
Under
Armour,
Inc
(Class
C)
30,930
226
*
Unifi,
Inc
1,846
217
*
Universal
Electronics,
Inc
2,200
5,645
VF
Corp
129,327
3,117
*
Vinco
Ventures,
Inc
1,001
1,021
*
Vista
Outdoor,
Inc
28,292
1,116
*
Vizio
Holding
Corp
10,245
1,031
*,e
Vuzix
Corp
4,268
945
Whirlpool
Corp
124,759
1,465
Wolverine
World
Wide,
Inc
24,978
TIAA-CREF
Life
Stock
Index
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
(continued)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
CONSUMER
DURABLES
&
APPAREL—continued
1,421
*
YETI
Holdings,
Inc
$
56,840
TOTAL
CONSUMER
DURABLES
&
APPAREL
8,702,081
CONSUMER
SERVICES
-
2
.4
%
1,177
*
2U,
Inc
8,062
700
*
Accel
Entertainment,
Inc
6,377
2,833
ADT,
Inc
20,483
799
*
Adtalem
Global
Education,
Inc
30,857
6,622
*
Airbnb,
Inc
823,777
325
*
American
Public
Education,
Inc
1,761
4,054
ARAMARK
Holdings
Corp
145,133
631
*
Bally's
Corp
12,317
2,116
*
Beachbody
Co,
Inc
1,020
17
*
Biglari
Holdings,
Inc
(B
Shares)
2,876
356
*
BJ's
Restaurants,
Inc
10,374
1,539
Bloomin'
Brands,
Inc
39,475
275
Bluegreen
Vacations
Holding
Corp
7,530
678
*
Booking
Holdings,
Inc
1,798,334
333
*
Bowlero
Corp
5,644
1,079
Boyd
Gaming
Corp
69,185
1,041
*
Bright
Horizons
Family
Solutions
80,147
763
*
Brinker
International,
Inc
28,994
3,464
*
Caesars
Entertainment,
Inc
169,078
15,965
*,e
Carnival
Corp
162,045
234
Carriage
Services,
Inc
7,142
520
*
Century
Casinos,
Inc
3,812
702
e
Cheesecake
Factory
24,605
2,349
*
Chegg,
Inc
38,289
476
*
Chipotle
Mexican
Grill,
Inc
(Class
A)
813,146
632
Choice
Hotels
International,
Inc
74,064
630
Churchill
Downs,
Inc
161,942
247
*
Chuy's
Holdings,
Inc
8,855
1,836
*
Coursera,
Inc
21,151
463
e
Cracker
Barrel
Old
Country
Store,
Inc
52,597
2,144
Darden
Restaurants,
Inc
332,663
792
*
Dave
&
Buster's
Entertainment,
Inc
29,138
1,168
*
Denny's
Corp
13,035
266
Dine
Brands
Global
Inc.
17,992
616
Domino's
Pizza,
Inc
203,200
5,623
*
DraftKings,
Inc
108,861
384
*
Duolingo,
Inc
54,755
302
El
Pollo
Loco
Holdings,
Inc
2,896
281
European
Wax
Center,
Inc
5,339
1,316
*
Everi
Holdings,
Inc
22,569
2,487
*
Expedia
Group,
Inc
241,314
645
*
F45
Training
Holdings,
Inc
748
1,596
*
frontdoor,
Inc
44,496
682
*
Full
House
Resorts,
Inc
4,931
229
*
Golden
Entertainment,
Inc
9,964
58
Graham
Holdings
Co
34,559
572
*
Grand
Canyon
Education,
Inc
65,151
2,834
H&R
Block,
Inc
99,898
1,409
*
Hilton
Grand
Vacations,
Inc
62,602
4,713
Hilton
Worldwide
Holdings,
Inc
663,920
738
*
Hyatt
Hotels
Corp
82,501
357
*
Inspired
Entertainment,
Inc
4,566
1,684
International
Game
Technology
plc
45,131
431
Jack
in
the
Box,
Inc
37,751
1,311
e
Krispy
Kreme,
Inc
20,386
89
*,e
Kura
Sushi
USA,
Inc
5,860
5,701
*
Las
Vegas
Sands
Corp
327,522
TIAA-CREF
Life
Stock
Index
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
CONSUMER
SERVICES—continued
1,806
Laureate
Education,
Inc
$
21,239
619
*
Life
Time
Group
Holdings,
Inc
9,879
464
*,e
Lindblad
Expeditions
Holdings,
Inc
4,436
4,635
Marriott
International,
Inc
(Class
A)
769,595
676
Marriott
Vacations
Worldwide
Corp
91,165
12,582
McDonald's
Corp
3,518,053
5,405
MGM
Resorts
International
240,090
844
*,e
Mister
Car
Wash,
Inc
7,275
173
Monarch
Casino
&
Resort,
Inc
12,828
251
*
NEOGAMES
S.A.
3,815
911
*
Nerdy,
Inc
3,808
621
*
Noodles
&
Co
3,012
6,767
*
Norwegian
Cruise
Line
Holdings
Ltd
91,016
353
*
ONE
Group
Hospitality,
Inc
2,859
1,026
*
OneSpaWorld
Holdings
Ltd
12,302
565
Papa
John's
International,
Inc
42,335
2,733
*
Penn
National
Gaming,
Inc
81,061
1,137
*
Perdoceo
Education
Corp
15,270
1,475
*
Planet
Fitness,
Inc
114,563
290
*
Portillo's,
Inc
6,197
682
*
PowerSchool
Holdings,
Inc
13,517
142
RCI
Hospitality
Holdings,
Inc
11,100
924
Red
Rock
Resorts,
Inc
41,183
1,530
*
Rover
Group,
Inc
6,931
3,693
*
Royal
Caribbean
Cruises
Ltd
241,153
822
*
Rush
Street
Interactive,
Inc
2,556
473
Ruth's
Hospitality
Group
Inc
7,767
1,620
*
Scientific
Games
Corp
(Class
A)
97,281
764
*
SeaWorld
Entertainment,
Inc
46,841
2,651
Service
Corp
International
182,336
596
*
Shake
Shack,
Inc
33,072
1,370
*
Six
Flags
Entertainment
Corp
36,593
19,556
Starbucks
Corp
2,036,366
403
Strategic
Education,
Inc
36,201
644
*
Stride,
Inc
25,277
1,443
*
Sweetgreen,
Inc
11,313
877
*
Target
Hospitality
Corp
11,524
1,209
Texas
Roadhouse,
Inc
(Class
A)
130,645
1,336
Travel
&
Leisure
Co
52,371
1,149
*
Udemy,
Inc
10,146
434
*
Universal
Technical
Institute,
Inc
3,203
718
*
Vacasa,
Inc
691
707
Vail
Resorts,
Inc
165,212
2,954
Wendy's
64,338
513
Wingstop,
Inc
94,177
881
*
WW
International
Inc
3,630
1,610
Wyndham
Hotels
&
Resorts,
Inc
109,239
1,791
*
Wynn
Resorts
Ltd
200,431
268
*
Xponential
Fitness,
Inc
8,145
4,878
Yum!
Brands,
Inc
644,286
TOTAL
CONSUMER
SERVICES
16,549,143
DIVERSIFIED
FINANCIALS
-
5
.1
%
125
AFC
Gamma,
Inc
1,520
741
Affiliated
Managers
Group,
Inc
105,533
8,788
AGNC
Investment
Corp
88,583
243
Alerus
Financial
Corp
3,900
5,358
Ally
Financial,
Inc
136,575
288
A-Mark
Precious
Metals,
Inc
9,979
10,302
American
Express
Co
1,699,315
1,886
Ameriprise
Financial,
Inc
578,059
TIAA-CREF
Life
Stock
Index
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
(continued)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
DIVERSIFIED
FINANCIALS—continued
253
Angel
Oak
Mortgage,
Inc
$
1,847
6,894
Annaly
Capital
Management,
Inc
131,744
2,943
Apollo
Commercial
Real
Estate
Finance,
Inc
27,399
7,866
Apollo
Global
Management,
Inc
496,817
2,387
Arbor
Realty
Trust,
Inc
27,427
645
Ares
Commercial
Real
Estate
Corp
5,863
2,484
Ares
Management
Corp
207,265
1,405
ARMOUR
Residential
REIT,
Inc
7,376
870
Artisan
Partners
Asset
Management,
Inc
27,823
253
*
Assetmark
Financial
Holdings,
Inc
7,957
86
Associated
Capital
Group,
Inc
3,178
123
*
Atlanticus
Holdings
Corp
3,337
274
e
B.
Riley
Financial,
Inc
7,779
1,049
*,e
Bakkt
Holdings,
Inc
1,804
461
Banco
Latinoamericano
de
Exportaciones
S.A.
(Class
E)
8,012
12,740
Bank
of
New
York
Mellon
Corp
578,906
30,844
*
Berkshire
Hathaway,
Inc
(Class
B)
9,523,702
5,076
BGC
Partners,
Inc
(Class
A)
26,547
2,533
BlackRock,
Inc
1,694,881
2,460
Blackstone
Mortgage
Trust,
Inc
43,911
11,989
Blackstone,
Inc
1,053,114
637
*
Blucora,
Inc
16,766
6,708
Blue
Owl
Capital,
Inc
74,325
642
Brightsphere
Investment
Group,
Inc
15,138
1,289
BrightSpire
Capital,
Inc
7,605
2,136
Broadmark
Realty
Capital,
Inc
10,039
1,450
*
Cannae
Holdings,
Inc
29,261
6,537
Capital
One
Financial
Corp
628,598
3,299
Carlyle
Group,
Inc
102,467
1,907
CBOE
Global
Markets,
Inc
255,996
25,846
Charles
Schwab
Corp
1,353,813
152
Chicago
Atlantic
Real
Estate
Finance,
Inc
2,053
3,066
Chimera
Investment
Corp
17,292
1,435
Claros
Mortgage
Trust,
Inc
16,718
6,134
CME
Group,
Inc
1,174,784
461
Cohen
&
Steers,
Inc
29,486
2,786
*
Coinbase
Global,
Inc
188,250
797
e
Compass
Diversified
Trust
15,207
326
*
Consumer
Portfolio
Services,
Inc
3,485
125
*
Credit
Acceptance
Corp
54,505
312
Curo
Group
Holdings
Corp
540
49
Diamond
Hill
Investment
Group,
Inc
8,064
4,688
Discover
Financial
Services
463,362
461
*
Donnelley
Financial
Solutions,
Inc
18,836
258
Dynex
Capital,
Inc
3,127
718
Ellington
Financial
Inc
8,767
502
*
Encore
Capital
Group,
Inc
25,326
629
*
Enova
International,
Inc
27,946
6,316
Equitable
Holdings,
Inc
160,363
638
Evercore
Inc
73,612
796
*
Ezcorp,
Inc
(Class
A)
6,846
649
Factset
Research
Systems,
Inc
269,393
1,485
Federated
Investors,
Inc
(Class
B)
59,608
737
FirstCash
Holdings,
Inc
70,288
877
*
Focus
Financial
Partners,
Inc
45,490
1,010
Franklin
BSP
Realty
Trust,
Inc
12,049
4,751
Franklin
Resources,
Inc
127,992
257
GCM
Grosvenor,
Inc
2,007
5,655
Goldman
Sachs
Group,
Inc
1,849,807
938
Granite
Point
Mortgage
Trust,
Inc
4,652
905
*
Green
Dot
Corp
15,548
TIAA-CREF
Life
Stock
Index
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
DIVERSIFIED
FINANCIALS—continued
562
Hamilton
Lane,
Inc
$
41,577
1,349
Hannon
Armstrong
Sustainable
Infrastructure
Capital,
Inc
38,581
796
Houlihan
Lokey,
Inc
69,642
1,485
Interactive
Brokers
Group,
Inc
(Class
A)
122,602
9,472
Intercontinental
Exchange
Group,
Inc
987,835
6,004
Invesco
Ltd
98,466
366
Invesco
Mortgage
Capital,
Inc
4,059
1,210
Jackson
Financial,
Inc
45,266
2,653
Janus
Henderson
Group
plc
70,676
3,680
Jefferies
Financial
Group,
Inc
116,803
9,592
KKR
&
Co,
Inc
503,772
648
KKR
Real
Estate
Finance
Trust,
Inc
7,381
1,766
Ladder
Capital
Corp
16,689
1,898
Lazard
Ltd
(Class
A)
62,843
1,618
*
LendingClub
Corp
11,666
196
*
LendingTree,
Inc
5,225
1,384
LPL
Financial
Holdings,
Inc
280,122
644
MarketAxess
Holdings,
Inc
251,991
2,131
MFA
Financial,
Inc
21,140
877
Moelis
&
Co
33,712
9,671
*
Moneylion,
Inc
5,491
2,777
Moody's
Corp
849,818
21,416
Morgan
Stanley
1,880,325
392
Morningstar,
Inc
79,588
1,370
MSCI,
Inc
(Class
A)
766,775
6,030
Nasdaq
Inc
329,660
2,376
Navient
Corp
37,992
212
Nelnet,
Inc
(Class
A)
19,481
410
*
NerdWallet,
Inc
6,634
6,918
New
Residential
Investment
Corp
55,344
1,613
New
York
Mortgage
Trust,
Inc
16,065
131
Nexpoint
Real
Estate
Finance,
Inc
2,053
3,378
Northern
Trust
Corp
297,703
1,689
OneMain
Holdings,
Inc
62,628
1,687
*
Open
Lending
Corp
11,876
147
Oppenheimer
Holdings,
Inc
5,755
402
Orchid
Island
Capital,
Inc
4,313
1,723
PennyMac
Mortgage
Investment
Trust
21,245
904
Perella
Weinberg
Partners
8,226
273
Piper
Jaffray
Cos
37,841
397
PJT
Partners,
Inc
28,659
719
*
PRA
Group,
Inc
28,012
1,236
*
PROG
Holdings,
Inc
29,404
3,182
Raymond
James
Financial,
Inc
296,785
933
Ready
Capital
Corp
9,489
1,612
Redwood
Trust,
Inc
10,865
143
Regional
Management
Corp
3,731
9,264
*
Robinhood
Markets,
Inc
89,953
5,618
S&P
Global,
Inc
1,936,918
375
Sculptor
Capital
Management,
Inc
3,229
1,969
SEI
Investments
Co
113,316
184
Silvercrest
Asset
Management
Group,
Inc
3,345
5,094
SLM
Corp
63,115
13,472
*
SoFi
Technologies,
Inc
81,775
5,018
Starwood
Property
Trust,
Inc
88,768
6,089
State
Street
Corp
460,876
809
StepStone
Group,
Inc
19,634
1,929
Stifel
Financial
Corp
113,985
241
*
StoneX
Group,
Inc
24,951
8,289
Synchrony
Financial
241,044
3,897
T
Rowe
Price
Group,
Inc
439,971
TIAA-CREF
Life
Stock
Index
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
(continued)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
DIVERSIFIED
FINANCIALS—continued
867
TPG
RE
Finance
Trust,
Inc
$
6,294
1,734
Tradeweb
Markets,
Inc
137,021
1,156
Two
Harbors
Investment
Corp
17,005
1,255
*,e
Upstart
Holdings,
Inc
19,942
84
Victory
Capital
Holdings,
Inc
2,459
1,409
Virtu
Financial,
Inc
26,630
115
Virtus
Investment
Partners,
Inc
21,895
433
Vitesse
Energy,
Inc
8,240
1,868
Voya
Financial,
Inc
133,487
1,867
WisdomTree
Investments,
Inc
10,941
90
*
World
Acceptance
Corp
7,496
TOTAL
DIVERSIFIED
FINANCIALS
35,527,660
ENERGY
-
4
.6
%
736
*,e
Aemetis,
Inc
1,708
1,288
*
Alto
Ingredients,
Inc
1,932
256
e
Altus
Midstream
Co
8,013
704
*
Amplify
Energy
Corp
4,836
5,480
Antero
Midstream
Corp
57,485
4,860
*
Antero
Resources
Corp
112,217
5,407
APA
Corp
194,976
243
Arch
Resources,
Inc
31,945
2,039
Archrock,
Inc
19,921
667
Ardmore
Shipping
Corp
9,918
15,987
Baker
Hughes
Co
461,385
1,892
Berry
Petroleum
Co
LLC
14,852
1,179
Bonanza
Creek
Energy,
Inc
80,573
3,138
*
Borr
Drilling
Ltd
23,786
351
*
Bristow
Group,
Inc
7,862
13,290
Cabot
Oil
&
Gas
Corp
326,137
845
Cactus,
Inc
34,839
1,253
California
Resources
Corp
48,241
691
*
Callon
Petroleum
Co
23,107
243
*
Centrus
Energy
Corp
7,825
3,416
ChampionX
Corp
92,676
4,218
Cheniere
Energy,
Inc
664,757
2,106
Chesapeake
Energy
Corp
160,140
33,281
Chevron
Corp
5,430,128
2,877
*
Clean
Energy
Fuels
Corp
12,544
3,514
*
CNX
Resources
Corp
56,294
1,500
Comstock
Resources
Inc
16,185
21,349
ConocoPhillips
2,118,034
621
CONSOL
Energy,
Inc
36,186
500
e
Crescent
Energy,
Inc
5,655
583
CVR
Energy,
Inc
19,111
1,373
Delek
US
Holdings,
Inc
31,510
850
*
Denbury,
Inc
74,486
11,298
Devon
Energy
Corp
571,792
2,136
DHT
Holdings,
Inc
23,090
1,800
*
Diamond
Offshore
Drilling,
Inc
21,672
3,040
Diamondback
Energy,
Inc
410,917
333
*
DMC
Global,
Inc
7,316
395
Dorian
LPG
Ltd
7,876
582
*
Dril-Quip,
Inc
16,698
1,673
DT
Midstream,
Inc
82,596
625
*
Earthstone
Energy,
Inc
8,131
156
*,e
Empire
Petroleum
Corp
1,936
2,496
*,e
Energy
Fuels,
Inc
13,928
446
Enviva,
Inc
12,880
10,053
EOG
Resources,
Inc
1,152,375
6,200
EQT
Corp
197,842
TIAA-CREF
Life
Stock
Index
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
ENERGY—continued
7,406
Equitrans
Midstream
Corp
$
42,807
275
Excelerate
Energy,
Inc
6,089
70,837
d
Exxon
Mobil
Corp
7,767,985
408
FLEX
LNG
Ltd
13,701
1,226
*
Frank's
International
NV
22,509
2,068
Frontline
plc
34,246
3,883
*,e
Gevo,
Inc
5,980
1,788
*
Golar
LNG
Ltd
38,621
842
*
Green
Plains
Inc
26,094
179
*
Gulfport
Energy
Operating
Corp
14,320
15,566
Halliburton
Co
492,508
2,257
*
Helix
Energy
Solutions
Group,
Inc
17,469
1,863
Helmerich
&
Payne,
Inc
66,602
4,862
Hess
Corp
643,437
2,656
HF
Sinclair
Corp
128,497
110
HighPeak
Energy,
Inc
2,530
685
International
Seaways,
Inc
28,551
33,654
Kinder
Morgan,
Inc
589,282
7,467
*
Kosmos
Energy
Ltd
55,554
279
*
Laredo
Petroleum,
Inc
12,706
2,207
Liberty
Oilfield
Services,
Inc
28,272
2,448
Magnolia
Oil
&
Gas
Corp
53,562
11,233
Marathon
Oil
Corp
269,143
8,041
Marathon
Petroleum
Corp
1,084,168
1,952
Matador
Resources
Co
93,013
2,520
Murphy
Oil
Corp
93,190
146
*
Nabors
Industries
Ltd
17,799
75
Nacco
Industries,
Inc
(Class
A)
2,705
725
*
National
Energy
Services
Reunited
Corp
3,814
790
New
Fortress
Energy,
Inc
23,250
2,497
*
Newpark
Resources,
Inc
9,613
555
*
NextDecade
Corp
2,758
2,774
*
NexTier
Oilfield
Solutions,
Inc
22,053
946
*
Noble
Corp
plc
37,339
3,490
Nordic
American
Tankers
Ltd
13,820
757
e
Northern
Oil
and
Gas,
Inc
22,975
6,945
NOV,
Inc
128,552
666
Oasis
Petroleum,
Inc
89,644
13,752
Occidental
Petroleum
Corp
858,537
1,532
*
Oceaneering
International,
Inc
27,009
1,209
*
Oil
States
International,
Inc
10,071
7,705
ONEOK,
Inc
489,576
4,162
Ovintiv,
Inc
150,165
677
*
Par
Pacific
Holdings,
Inc
19,768
3,410
Patterson-UTI
Energy,
Inc
39,897
1,705
PBF
Energy,
Inc
73,929
1,550
PDC
Energy,
Inc
99,479
1,975
*
Peabody
Energy
Corp
50,560
238
Penn
Virginia
Corp
9,720
3,118
Permian
Resources
Corp
32,739
8,021
Phillips
66
813,169
4,035
Pioneer
Natural
Resources
Co
824,108
1,367
*
ProPetro
Holding
Corp
9,829
4,359
Range
Resources
Corp
115,383
276
*
Rex
American
Resources
Corp
7,891
151
Riley
Exploration
Permian,
Inc
5,747
1,348
*,e
Ring
Energy,
Inc
2,561
1,202
RPC,
Inc
9,243
532
*
SandRidge
Energy,
Inc
7,666
24,237
Schlumberger
Ltd
1,190,037
828
Scorpio
Tankers,
Inc
46,625
TIAA-CREF
Life
Stock
Index
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
(continued)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
ENERGY—continued
988
Select
Energy
Services,
Inc
$
6,876
1,567
SFL
Corp
Ltd
14,887
185
*
SilverBow
Resources,
Inc
4,227
1,070
Sitio
Royalties
Corp
24,182
1,884
SM
Energy
Co
53,053
678
Solaris
Oilfield
Infrastructure,
Inc
5,790
18,509
*
Southwestern
Energy
Co
92,545
1,013
*
Talos
Energy,
Inc
15,033
3,944
Targa
Resources
Investments,
Inc
287,715
1,069
*
Teekay
Corp
6,606
376
*
Teekay
Tankers
Ltd
16,142
8,487
*,e
Tellurian,
Inc
10,439
2,062
*
Tetra
Technologies,
Inc
5,464
101
Texas
Pacific
Land
Corp
171,803
854
*
Tidewater,
Inc
37,644
4,698
*
Uranium
Energy
Corp
13,530
3,859
*
Ur-Energy,
Inc
4,091
1,387
*
US
Silica
Holdings,
Inc
16,561
1,000
Vaalco
Energy,
Inc
4,530
993
*
Valaris
Ltd
64,605
6,745
Valero
Energy
Corp
941,602
916
*,e
Vertex
Energy,
Inc
9,050
2,083
*
W&T
Offshore,
Inc
10,582
1,187
*
Weatherford
International
Ltd
70,448
21,047
Williams
Cos,
Inc
628,463
1,068
World
Fuel
Services
Corp
27,287
TOTAL
ENERGY
32,160,335
FOOD
&
STAPLES
RETAILING
-
1
.4
%
2,725
Albertsons
Cos,
Inc
56,625
418
Andersons,
Inc
17,272
2,336
*
BJ's
Wholesale
Club
Holdings,
Inc
177,700
618
Casey's
General
Stores,
Inc
133,772
515
*
Chefs'
Warehouse
Holdings,
Inc
17,536
7,552
Costco
Wholesale
Corp
3,752,362
1,460
*
Grocery
Outlet
Holding
Corp
41,260
626
*
HF
Foods
Group
Inc
2,454
213
Ingles
Markets,
Inc
(Class
A)
18,893
11,258
Kroger
Co
555,807
286
Natural
Grocers
by
Vitamin
C
3,361
2,651
*
Performance
Food
Group
Co
159,961
385
Pricesmart,
Inc
27,520
862
*,e
Rite
Aid
Corp
1,931
584
SpartanNash
Co
14,483
2,100
*
Sprouts
Farmers
Market,
Inc
73,563
8,505
SYSCO
Corp
656,841
943
*
United
Natural
Foods,
Inc
24,848
3,868
*
US
Foods
Holding
Corp
142,884
127
Village
Super
Market
(Class
A)
2,906
12,281
Walgreens
Boots
Alliance,
Inc
424,677
24,527
Walmart,
Inc
3,616,506
218
Weis
Markets,
Inc
18,458
TOTAL
FOOD
&
STAPLES
RETAILING
9,941,620
FOOD,
BEVERAGE
&
TOBACCO
-
3
.3
%
2,739
*,e
22nd
Century
Group,
Inc
2,106
31,003
Altria
Group,
Inc
1,383,354
9,610
Archer-Daniels-Midland
Co
765,533
1,190
B&G
Foods,
Inc
(Class
A)
18,481
2,859
*,e
Benson
Hill,
Inc
3,288
980
*
Beyond
Meat,
Inc
15,905
TIAA-CREF
Life
Stock
Index
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
FOOD,
BEVERAGE
&
TOBACCO—continued
157
*
Boston
Beer
Co,
Inc
(Class
A)
$
51,606
349
*,e
BRC,
Inc
1,794
711
Brown-Forman
Corp
(Class
A)
46,350
3,077
Brown-Forman
Corp
(Class
B)
197,759
2,310
Bunge
Ltd
220,651
345
Calavo
Growers,
Inc
9,926
486
Cal-Maine
Foods,
Inc
29,593
3,182
Campbell
Soup
Co
174,946
918
*
Celsius
Holdings,
Inc
85,319
66,470
Coca-Cola
Co
4,123,134
72
Coca-Cola
Consolidated
Inc
38,526
8,273
ConAgra
Brands,
Inc
310,734
2,607
Constellation
Brands,
Inc
(Class
A)
588,895
2,764
*
Darling
International,
Inc
161,418
454
*
Duckhorn
Portfolio,
Inc
7,219
2,984
Flowers
Foods,
Inc
81,791
499
Fresh
Del
Monte
Produce,
Inc
15,025
752
*
Freshpet,
Inc
49,775
10,142
General
Mills,
Inc
866,735
1,593
*
Hain
Celestial
Group,
Inc
27,320
2,519
Hershey
Co
640,859
4,724
Hormel
Foods
Corp
188,393
2,702
*
Hostess
Brands,
Inc
67,226
1,093
Ingredion,
Inc
111,191
277
J&J
Snack
Foods
Corp
41,057
1,843
J.M.
Smucker
Co
290,033
199
John
B.
Sanfilippo
&
Son,
Inc
19,287
4,228
Kellogg
Co
283,107
14,082
Keurig
Dr
Pepper,
Inc
496,813
11,401
Kraft
Heinz
Co
440,877
2,489
Lamb
Weston
Holdings,
Inc
260,150
364
Lancaster
Colony
Corp
73,848
4,238
McCormick
&
Co,
Inc
352,644
203
MGP
Ingredients,
Inc
19,634
422
*
Mission
Produce,
Inc
4,688
3,002
Molson
Coors
Brewing
Co
(Class
B)
155,143
23,604
Mondelez
International,
Inc
1,645,671
12,926
*
Monster
Beverage
Corp
698,133
366
*
National
Beverage
Corp
19,296
23,580
PepsiCo,
Inc
4,298,634
26,494
Philip
Morris
International,
Inc
2,576,541
908
*
Pilgrim's
Pride
Corp
21,047
1,006
*
Post
Holdings,
Inc
90,409
2,638
Primo
Water
Corp
40,493
4
Seaboard
Corp
15,080
134
*
Seneca
Foods
Corp
7,004
1,484
*
Simply
Good
Foods
Co
59,019
339
*
Sovos
Brands,
Inc
5,655
1,555
*
SunOpta,
Inc
11,973
692
*,e
Tattooed
Chef,
Inc
983
437
Tootsie
Roll
Industries,
Inc
19,613
964
*
TreeHouse
Foods,
Inc
48,615
190
Turning
Point
Brands,
Inc
3,990
4,889
Tyson
Foods,
Inc
(Class
A)
290,015
619
Universal
Corp
32,739
803
Utz
Brands,
Inc
13,225
2,682
Vector
Group
Ltd
32,211
622
*,e
Vintage
Wine
Estates,
Inc
666
454
*
Vita
Coco
Co,
Inc
8,907
420
*
Vital
Farms,
Inc
6,426
TIAA-CREF
Life
Stock
Index
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
(continued)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
FOOD,
BEVERAGE
&
TOBACCO—continued
486
*
Whole
Earth
Brands,
Inc
$
1,244
TOTAL
FOOD,
BEVERAGE
&
TOBACCO
22,669,722
HEALTH
CARE
EQUIPMENT
&
SERVICES
-
5
.8
%
29,266
Abbott
Laboratories
2,963,475
1,593
*
Acadia
Healthcare
Co,
Inc
115,094
1,237
*
Accolade,
Inc
17,788
1,314
*
AdaptHealth
Corp
16,333
230
*
Addus
HomeCare
Corp
24,555
317
*,e
Agiliti,
Inc
5,066
3,127
*,e
agilon
health,
Inc
74,266
1,350
*
Align
Technology,
Inc
451,089
1,430
*
Alignment
Healthcare,
Inc
9,095
1,508
*
Allscripts
Healthcare
Solutions,
Inc
19,679
996
*
Alphatec
Holdings
Inc
15,538
577
*
Amedisys,
Inc
42,438
3,954
*
American
Well
Corp
9,331
2,642
AmerisourceBergen
Corp
423,011
782
*
AMN
Healthcare
Services,
Inc
64,875
563
*
Angiodynamics,
Inc
5,821
640
*
Apollo
Medical
Holdings,
Inc
23,341
673
*
AtriCure,
Inc
27,896
27
Atrion
Corp
16,954
725
*
Avanos
Medical,
Inc
21,561
7,021
*
Aveanna
Healthcare
Holdings,
Inc
7,302
560
*
AxoGen,
Inc
5,292
738
*
Axonics
Modulation
Technologies,
Inc
40,265
8,643
Baxter
International,
Inc
350,560
4,857
Becton
Dickinson
&
Co
1,202,302
571
*
BioLife
Solutions
Inc
12,419
24,123
*
Boston
Scientific
Corp
1,206,874
2,873
*
Brookdale
Senior
Living,
Inc
8,475
4,314
*,e
Butterfly
Network,
Inc
8,110
4,682
Cardinal
Health,
Inc
353,491
501
*
Cardiovascular
Systems,
Inc
9,950
1,100
*,e
CareMax,
Inc
2,937
373
*
Castle
Biosciences,
Inc
8,475
9,754
*
Centene
Corp
616,550
1,866
*
Certara,
Inc
44,989
2,819
*
Cerus
Corp
8,372
261
Chemed
Corp
140,353
5,124
Cigna
Corp
1,309,336
12,033
*,e
Clover
Health
Investments
Corp
10,169
2,138
*
Community
Health
Systems,
Inc
10,476
168
*
Computer
Programs
&
Systems,
Inc
5,074
422
Conmed
Corp
43,829
852
Cooper
Cos,
Inc
318,103
163
*
Corvel
Corp
31,016
544
*
Cross
Country
Healthcare,
Inc
12,142
480
*
CryoLife,
Inc
6,288
3,017
*
Cue
Health,
Inc
5,491
279
*
Cutera,
Inc
6,590
22,386
CVS
Health
Corp
1,663,504
1,050
*
DaVita,
Inc
85,165
485
*
Definitive
Healthcare
Corp
5,010
3,750
Dentsply
Sirona,
Inc
147,300
6,648
*
Dexcom,
Inc
772,365
1,250
*
DocGo,
Inc
10,812
1,826
*
Doximity,
Inc
59,126
10,588
*
Edwards
Lifesciences
Corp
875,945
4,115
Elevance
Health,
Inc
1,892,118
TIAA-CREF
Life
Stock
Index
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
HEALTH
CARE
EQUIPMENT
&
SERVICES—continued
985
Embecta
Corp
$
27,698
1,608
Encompass
Health
Corp
86,993
804
*
Enhabit,
Inc
11,184
653
*
Enovis
Corp
34,929
981
Ensign
Group,
Inc
93,725
2,830
*
Envista
Holdings
Corp
115,690
1,279
*
Evolent
Health,
Inc
41,504
2,133
*
Figs,
Inc
13,203
350
*
Fulgent
Genetics,
Inc
10,927
6,238
*
GE
HealthCare
Technologies,
Inc
511,703
710
*
Glaukos
Corp
35,571
1,419
*
Globus
Medical,
Inc
80,372
1,657
*
Guardant
Health,
Inc
38,840
886
*
Haemonetics
Corp
73,316
3,749
HCA
Healthcare,
Inc
988,536
737
*
Health
Catalyst,
Inc
8,601
1,338
*
HealthEquity,
Inc
78,554
399
*
HealthStream,
Inc
10,813
2,395
*
Henry
Schein,
Inc
195,288
136
*
Heska
Corp
13,276
2,089
*
Hims
&
Hers
Health,
Inc
20,723
4,216
*
Hologic,
Inc
340,231
2,157
Humana,
Inc
1,047,137
362
*
ICU
Medical,
Inc
59,716
1,434
*
IDEXX
Laboratories,
Inc
717,115
779
*
Inari
Medical,
Inc
48,095
200
*
Innovage
Holding
Corp
1,596
301
*
Inogen,
Inc
3,756
465
*
Inspire
Medical
Systems,
Inc
108,843
1,159
*
Insulet
Corp
369,675
572
*
Integer
Holding
Corp
44,330
1,378
*
Integra
LifeSciences
Holdings
Corp
79,111
6,117
*
Intuitive
Surgical,
Inc
1,562,710
96
iRadimed
Corp
3,778
477
*
iRhythm
Technologies,
Inc
59,162
229
*
Joint
Corp
3,854
1,591
Laboratory
Corp
of
America
Holdings
365,007
1,098
*
Lantheus
Holdings,
Inc
90,651
236
LeMaitre
Vascular,
Inc
12,147
1,192
*,e
LifeStance
Health
Group,
Inc
8,857
892
*
LivaNova
plc
38,873
849
*
Masimo
Corp
156,674
2,448
McKesson
Corp
871,610
1,431
*
MEDNAX,
Inc
21,336
22,814
Medtronic
plc
1,839,265
985
*
Merit
Medical
Systems,
Inc
72,841
49
Mesa
Laboratories,
Inc
8,562
199
*
ModivCare,
Inc
16,732
1,000
*
Molina
Healthcare,
Inc
267,490
6,230
*
Multiplan
Corp
6,604
734
*,e
Nano-X
Imaging
Ltd
4,235
173
National
Healthcare
Corp
10,046
208
National
Research
Corp
9,050
3,187
*
Neogen
Corp
59,023
613
*
Nevro
Corp
22,160
818
*
NextGen
Healthcare,
Inc
14,241
1,767
*
Novocure
Ltd
106,267
7,450
*
Nutex
Health,
Inc
7,524
959
*
NuVasive,
Inc
39,616
1,981
*
Oak
Street
Health,
Inc
76,625
758
*
Omnicell,
Inc
44,472
TIAA-CREF
Life
Stock
Index
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
(continued)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
HEALTH
CARE
EQUIPMENT
&
SERVICES—continued
3,847
*
Oncology
Institute,
Inc
$
2,608
8,804
*,e
Opko
Health,
Inc
12,854
366
*
OptimizeRx
Corp
5,355
2,403
*
Option
Care
Health,
Inc
76,343
1,144
*
OraSure
Technologies,
Inc
6,921
473
*
Orthofix
Medical
Inc
7,923
333
*
OrthoPediatrics
Corp
14,749
742
*
Outset
Medical,
Inc
13,653
1,223
*
Owens
&
Minor,
Inc
17,795
525
*
P3
Health
Partners,
Inc
556
724
*
Paragon
28,
Inc
12,359
1,530
Patterson
Cos,
Inc
40,958
524
*
Pennant
Group,
Inc
7,483
597
*
Penumbra,
Inc
166,378
419
*
PetIQ,
Inc
4,793
771
*
Phreesia,
Inc
24,896
2,070
Premier,
Inc
67,006
682
*
Privia
Health
Group,
Inc
18,830
399
*
PROCEPT
BioRobotics
Corp
11,332
1,110
*,†
Progenics
Pharmaceuticals,
Inc
0
1,198
*
Progyny,
Inc
38,480
2,372
*
Project
Roadrunner
Parent,
Inc
35,580
1,215
*
Pulmonx
Corp
13,584
2,014
Quest
Diagnostics,
Inc
284,941
828
*
QuidelOrtho
Corp
73,766
689
*
RadNet,
Inc
17,246
2,482
Resmed,
Inc
543,533
375
*
RxSight,
Inc
6,255
896
*
Schrodinger,
Inc
23,592
1,678
Select
Medical
Holdings
Corp
43,376
3,285
*
Sema4
Holdings
Corp
1,199
7,206
*,e
Senseonics
Holdings,
Inc
5,116
5,090
*
Sharecare,
Inc
7,228
594
*
Shockwave
Medical
Inc
128,797
442
*
SI-BONE,
Inc
8,694
421
*
Sight
Sciences,
Inc
3,680
548
*
Silk
Road
Medical
Inc
21,443
227
Simulations
Plus,
Inc
9,974
793
*
Staar
Surgical
Co
50,712
1,629
STERIS
plc
311,595
6,017
Stryker
Corp
1,717,673
608
*
Surgery
Partners,
Inc
20,958
300
*
SurModics,
Inc
6,834
280
*
Tactile
Systems
Technology,
Inc
4,598
1,069
*
Tandem
Diabetes
Care,
Inc
43,412
2,648
*
Teladoc,
Inc
68,583
818
Teleflex,
Inc
207,208
1,754
*
Tenet
Healthcare
Corp
104,223
436
*
Transmedics
Group,
Inc
33,018
533
*
Treace
Medical
Concepts,
Inc
13,426
159
*
UFP
Technologies,
Inc
20,645
15,972
UnitedHealth
Group,
Inc
7,548,207
1,148
Universal
Health
Services,
Inc
(Class
B)
145,911
187
US
Physical
Therapy,
Inc
18,309
80
Utah
Medical
Products,
Inc
7,582
587
*
Varex
Imaging
Corp
10,678
2,386
*
Veeva
Systems,
Inc
438,523
4,258
*
VG
Acquisition
Corp
9,708
908
*
Vicarious
Surgical,
Inc
2,061
2,186
*
ViewRay,
Inc
7,564
3,636
Zimmer
Biomet
Holdings,
Inc
469,771
TIAA-CREF
Life
Stock
Index
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
HEALTH
CARE
EQUIPMENT
&
SERVICES—continued
374
*
Zynex
Inc
$
4,488
TOTAL
HEALTH
CARE
EQUIPMENT
&
SERVICES
39,799,207
HOUSEHOLD
&
PERSONAL
PRODUCTS
-
1
.5
%
1,630
*,e
Beauty
Health
Co
20,587
2,141
*
BellRing
Brands,
Inc
72,794
160
*
Central
Garden
&
Pet
Co
6,570
580
*
Central
Garden
and
Pet
Co
(Class
A)
22,661
4,218
Church
&
Dwight
Co,
Inc
372,913
2,121
Clorox
Co
335,627
14,130
Colgate-Palmolive
Co
1,061,869
5,109
*
Coty,
Inc
61,615
893
Edgewell
Personal
Care
Co
37,881
620
*
elf
Beauty,
Inc
51,057
1,154
Energizer
Holdings,
Inc
40,044
3,921
Estee
Lauder
Cos
(Class
A)
966,370
1,810
*
Herbalife
Nutrition
Ltd
29,141
1,244
*
Honest
Co,
Inc
2,239
253
Inter
Parfums,
Inc
35,987
5,756
Kimberly-Clark
Corp
772,570
188
Medifast,
Inc
19,490
140
*
Nature's
Sunshine
Products,
Inc
1,429
938
Nu
Skin
Enterprises,
Inc
(Class
A)
36,873
1,877
*
Olaplex
Holdings,
Inc
8,015
40,607
Procter
&
Gamble
Co
6,037,855
871
Reynolds
Consumer
Products,
Inc
23,952
741
Spectrum
Brands
Holdings,
Inc
49,069
180
*
USANA
Health
Sciences,
Inc
11,322
1,092
*,e
Veru,
Inc
1,267
266
WD-40
Co
47,361
TOTAL
HOUSEHOLD
&
PERSONAL
PRODUCTS
10,126,558
INSURANCE
-
2
.3
%
10,641
Aflac,
Inc
686,557
4,672
Allstate
Corp
517,704
699
*
AMBAC
Financial
Group,
Inc
10,821
1,426
American
Equity
Investment
Life
Holding
Co
52,035
1,177
American
Financial
Group,
Inc
143,005
13,017
American
International
Group,
Inc
655,536
299
Amerisafe,
Inc
14,636
3,588
Aon
plc
1,131,261
5,924
*
Arch
Capital
Group
Ltd
402,062
509
Argo
Group
International
Holdings
Ltd
14,909
3,438
Arthur
J.
Gallagher
&
Co
657,724
937
Assurant,
Inc
112,506
1,117
Assured
Guaranty
Ltd
56,152
1,411
Axis
Capital
Holdings
Ltd
76,928
1,215
*
Brighthouse
Financial,
Inc
53,594
4,079
Brown
&
Brown,
Inc
234,216
891
*
BRP
Group,
Inc
22,685
7,062
Chubb
Ltd
1,371,299
2,630
Cincinnati
Financial
Corp
294,770
261
CNA
Financial
Corp
10,187
1,716
Conseco,
Inc
38,078
143
Donegal
Group,
Inc
(Class
A)
2,185
494
*
eHealth,
Inc
4,624
488
Employers
Holdings,
Inc
20,345
222
*
Enstar
Group
Ltd
51,457
436
Erie
Indemnity
Co
(Class
A)
101,004
638
Everest
Re
Group
Ltd
228,417
311
F&G
Annuities
&
Life,
Inc
5,635
TIAA-CREF
Life
Stock
Index
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
(continued)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
INSURANCE—continued
4,587
Fidelity
National
Financial
Inc
$
160,224
1,838
First
American
Financial
Corp
102,303
8,098
*
Genworth
Financial,
Inc
(Class
A)
40,652
1,640
Globe
Life,
Inc
180,433
286
*
Goosehead
Insurance,
Inc
14,929
463
*
Greenlight
Capital
Re
Ltd
(Class
A)
4,348
667
Hanover
Insurance
Group,
Inc
85,709
5,478
Hartford
Financial
Services
Group,
Inc
381,762
121
e
HCI
Group,
Inc
6,486
370
*,e
Hippo
Holdings,
Inc
6,005
637
Horace
Mann
Educators
Corp
21,327
23
Investors
Title
Co
3,473
648
James
River
Group
Holdings
Ltd
13,381
1,193
Kemper
Corp
65,209
347
Kinsale
Capital
Group,
Inc
104,152
657
*,e
Lemonade,
Inc
9,369
3,077
Lincoln
National
Corp
69,140
3,399
Loews
Corp
197,210
235
*
Markel
Corp
300,191
8,540
Marsh
&
McLennan
Cos,
Inc
1,422,337
1,028
*
MBIA,
Inc
9,519
429
Mercury
General
Corp
13,616
11,405
Metlife,
Inc
660,806
35
National
Western
Life
Group,
Inc
8,492
158
*
NI
Holdings,
Inc
2,054
5,018
Old
Republic
International
Corp
125,299
1,998
*
Oscar
Health,
Inc
13,067
391
*
Palomar
Holdings,
Inc
21,583
727
Primerica,
Inc
125,218
4,377
Principal
Financial
Group
325,299
820
ProAssurance
Corp
15,154
9,964
Progressive
Corp
1,425,450
6,486
Prudential
Financial,
Inc
536,652
1,153
Reinsurance
Group
of
America,
Inc
(Class
A)
153,072
759
RenaissanceRe
Holdings
Ltd
152,058
600
RLI
Corp
79,746
157
*,e
Root,
Inc
708
1,227
*
Ryan
Specialty
Group
Holdings,
Inc
49,374
227
Safety
Insurance
Group,
Inc
16,916
1,030
Selective
Insurance
Group,
Inc
98,190
2,285
*
Selectquote,
Inc
4,958
1,153
*
SiriusPoint
Ltd
9,374
351
Stewart
Information
Services
Corp
14,163
433
Tiptree
Inc
6,309
4,035
Travelers
Cos,
Inc
691,639
236
*
Trean
Insurance
Group,
Inc
1,444
628
*
Trupanion,
Inc
26,935
338
United
Fire
Group
Inc
8,974
503
Universal
Insurance
Holdings,
Inc
9,165
3,600
Unum
Group
142,416
3,558
W.R.
Berkley
Corp
221,521
56
White
Mountains
Insurance
Group
Ltd
77,139
1,889
Willis
Towers
Watson
plc
438,966
TOTAL
INSURANCE
15,644,248
MATERIALS
-
3
.0
%
350
*
5E
Advanced
Materials,
Inc
1,897
461
AdvanSix,
Inc
17,642
3,788
Air
Products
&
Chemicals,
Inc
1,087,951
2,002
Albemarle
Corp
442,522
3,014
Alcoa
Corp
128,276
TIAA-CREF
Life
Stock
Index
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
MATERIALS—continued
2,222
*
Allegheny
Technologies,
Inc
$
87,680
298
Alpha
Metallurgical
Resources,
Inc
46,488
25,996
Amcor
plc
295,834
429
American
Vanguard
Corp
9,386
1,121
Aptargroup,
Inc
132,491
1,763
*
Arconic
Corp
46,243
271
*,†
Ardagh
Group
S.A.
2,764
1,615
Ardagh
Metal
Packaging
S.A.
6,589
912
Ashland
Global
Holdings,
Inc
93,672
340
*
Aspen
Aerogels,
Inc
2,533
1,410
Avery
Dennison
Corp
252,291
1,490
Avient
Corp
61,328
3,718
*
Axalta
Coating
Systems
Ltd
112,618
605
Balchem
Corp
76,520
5,423
Ball
Corp
298,862
2,133
Berry
Global
Group,
Inc
125,634
953
Cabot
Corp
73,038
799
Carpenter
Technology
Corp
35,763
1,854
Celanese
Corp
(Series
A)
201,882
831
*
Century
Aluminum
Co
8,310
3,412
CF
Industries
Holdings,
Inc
247,336
111
Chase
Corp
11,625
2,721
Chemours
Co
81,467
261
*
Clearwater
Paper
Corp
8,723
8,514
*
Cleveland-Cliffs,
Inc
156,062
4,597
*
Coeur
Mining,
Inc
18,342
1,719
Commercial
Metals
Co
84,059
532
Compass
Minerals
International,
Inc
18,242
1,802
*
Constellium
SE
27,535
12,399
Corteva,
Inc
747,784
2,070
Crown
Holdings,
Inc
171,210
1,053
*
Dakota
Gold
Corp
3,812
1,647
*,e
Danimer
Scientific,
Inc
5,682
987
*
Diversey
Holdings
Ltd
7,985
12,278
Dow,
Inc
673,080
8,343
DuPont
de
Nemours,
Inc
598,777
709
Eagle
Materials,
Inc
104,046
2,121
Eastman
Chemical
Co
178,885
4,252
Ecolab,
Inc
703,834
3,499
Element
Solutions,
Inc
67,566
2,190
FMC
Corp
267,465
24,699
Freeport-McMoRan,
Inc
(Class
B)
1,010,436
400
FutureFuel
Corp
2,952
13,535
*
Ginkgo
Bioworks
Holdings,
Inc
18,002
658
Glatfelter
Corp
2,099
4,828
Graphic
Packaging
Holding
Co
123,066
395
Greif,
Inc
(Class
A)
25,031
87
Greif,
Inc
(Class
B)
6,657
784
H.B.
Fuller
Co
53,665
284
Hawkins,
Inc
12,434
193
Haynes
International,
Inc
9,667
9,435
Hecla
Mining
Co
59,724
3,508
Huntsman
Corp
95,979
2,700
*,e
Hycroft
Mining
Holding
Corp
1,167
749
*
Ingevity
Corp
53,568
373
Innospec,
Inc
38,296
4,277
International
Flavors
&
Fragrances,
Inc
393,313
6,161
International
Paper
Co
222,166
149
*
Intrepid
Potash,
Inc
4,112
261
Kaiser
Aluminum
Corp
19,478
315
Koppers
Holdings,
Inc
11,016
TIAA-CREF
Life
Stock
Index
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
(continued)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
MATERIALS—continued
357
Kronos
Worldwide,
Inc
$
3,288
8,499
Linde
plc
3,020,885
2,677
*
Livent
Corp
58,144
1,348
Louisiana-Pacific
Corp
73,075
542
*
LSB
Industries,
Inc
5,599
4,354
LyondellBasell
Industries
NV
408,797
1,039
Martin
Marietta
Materials,
Inc
368,907
300
Materion
Corp
34,800
741
Minerals
Technologies,
Inc
44,771
6,067
Mosaic
Co
278,354
1,500
*
MP
Materials
Corp
42,285
371
Myers
Industries,
Inc
7,951
95
NewMarket
Corp
34,673
13,641
Newmont
Goldcorp
Corp
668,682
3,868
*
Novagold
Resources
Inc
24,059
4,434
Nucor
Corp
684,920
2,868
*
O-I
Glass,
Inc
65,132
2,380
Olin
Corp
132,090
163
Olympic
Steel,
Inc
8,510
1,636
*,e
Origin
Materials,
Inc
6,986
1,050
Orion
Engineered
Carbons
SA
27,394
1,615
Packaging
Corp
of
America
224,210
499
Pactiv
Evergreen,
Inc
3,992
1,935
*
Perimeter
Solutions
S.A.
15,635
282
*
Piedmont
Lithium,
Inc
16,934
632
*
PolyMet
Mining
Corp
1,359
4,040
PPG
Industries,
Inc
539,663
868
*
PQ
Group
Holdings,
Inc
9,591
1,820
*,e
PureCycle
Technologies,
Inc
12,740
201
Quaker
Chemical
Corp
39,788
376
e
Ramaco
Resources,
Inc
3,313
564
*
Ranpak
Holdings
Corp
2,944
877
*
Rayonier
Advanced
Materials,
Inc
5,499
1,022
Reliance
Steel
&
Aluminum
Co
262,388
1,158
Royal
Gold,
Inc
150,204
2,211
RPM
International,
Inc
192,888
272
Ryerson
Holding
Corp
9,895
421
Schnitzer
Steel
Industries,
Inc
(Class
A)
13,093
1,019
Schweitzer-Mauduit
International,
Inc
21,878
716
Scotts
Miracle-Gro
Co
(Class
A)
49,934
2,582
Sealed
Air
Corp
118,540
804
Sensient
Technologies
Corp
61,554
4,089
Sherwin-Williams
Co
919,085
1,204
Silgan
Holdings,
Inc
64,619
1,617
Sonoco
Products
Co
98,637
1,339
Southern
Copper
Corp
102,099
3,317
SSR
Mining,
Inc
50,153
2,909
Steel
Dynamics,
Inc
328,892
410
Stepan
Co
42,242
2,029
*
Summit
Materials,
Inc
57,806
1,010
SunCoke
Energy,
Inc
9,070
619
Sylvamo
Corp
28,635
717
*
TimkenSteel
Corp
13,150
394
Tredegar
Corp
3,597
716
Trimas
Corp
19,948
733
Trinseo
plc
15,283
1,767
Tronox
Holdings
plc
25,409
30
United
States
Lime
&
Minerals,
Inc
4,581
4,076
United
States
Steel
Corp
106,384
3,271
Valvoline,
Inc
114,289
2,283
Vulcan
Materials
Co
391,671
TIAA-CREF
Life
Stock
Index
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
MATERIALS—continued
816
Warrior
Met
Coal,
Inc
$
29,955
559
Westlake
Chemical
Corp
64,833
4,393
WestRock
Co
133,855
702
Worthington
Industries,
Inc
45,384
TOTAL
MATERIALS
20,419,480
MEDIA
&
ENTERTAINMENT
-
6
.5
%
13,252
Activision
Blizzard,
Inc
1,134,239
988
*
Advantage
Solutions,
Inc
1,561
102,876
*
Alphabet,
Inc
(Class
A)
10,671,327
90,080
*
Alphabet,
Inc
(Class
C)
9,368,320
3,867
*
Altice
USA,
Inc
13,225
8,836
*,e
AMC
Entertainment
Holdings,
Inc
44,268
543
*
AMC
Networks,
Inc
9,546
380
*
Boston
Omaha
Corp
8,995
1,441
*
Bumble,
Inc
28,172
92
Cable
One,
Inc
64,584
544
*,e
Cardlytics,
Inc
1,847
1,657
*
Cargurus,
Inc
30,953
1,131
*
Cars.com,
Inc
21,828
1,896
*
Charter
Communications,
Inc
678,029
2,021
*
Cinemark
Holdings,
Inc
29,891
6,287
*
Clear
Channel
7,544
72,689
Comcast
Corp
(Class
A)
2,755,640
315
*
Cumulus
Media
Inc
1,162
17
*
Daily
Journal
Corp
4,844
632
*
DHI
Group,
Inc
2,452
4,043
*
DISH
Network
Corp
(Class
A)
37,721
4,803
Electronic
Arts,
Inc
578,521
1,005
Entravision
Communications
Corp
(Class
A)
6,080
1,205
*
Eventbrite
Inc
10,339
249
*
EverQuote
Inc
3,461
916
*
EW
Scripps
Co
(Class
A)
8,620
5,373
Fox
Corp
(Class
A)
182,951
2,613
Fox
Corp
(Class
B)
81,813
2,993
*,e
fuboTV,
Inc
3,622
2,328
*
Gannett
Co,
Inc
4,353
1,547
Gray
Television,
Inc
13,490
1,354
*
IAC
69,866
1,779
*
iHeartMedia,
Inc
6,938
902
*
Imax
Corp
17,300
556
*
Integral
Ad
Science
Holding
Corp
7,934
6,397
Interpublic
Group
of
Cos,
Inc
238,224
693
John
Wiley
&
Sons,
Inc
(Class
A)
26,868
170
*
Liberty
Braves
Group
(Class
A)
5,879
525
*
Liberty
Braves
Group
(Class
C)
17,687
413
Liberty
Broadband
Corp
(Class
A)
33,916
2,140
*
Liberty
Broadband
Corp
(Class
C)
174,838
398
*
Liberty
Media
Group
(Class
A)
26,865
3,453
*
Liberty
Media
Group
(Class
C)
258,388
1,463
*
Liberty
SiriusXM
Group
(Class
A)
41,096
2,909
*
Liberty
SiriusXM
Group
(Class
C)
81,423
786
*
Lions
Gate
Entertainment
Corp
(Class
A)
8,701
1,776
*
Lions
Gate
Entertainment
Corp
(Class
B)
18,435
2,523
*
Live
Nation,
Inc
176,610
336
Madison
Square
Garden
Co
65,470
496
*
Madison
Square
Garden
Entertainment
Corp
29,299
2,210
*
Magnite,
Inc
20,465
294
e
Marcus
Corp
4,704
4,748
*
Match
Group,
Inc
182,276
329
*
MediaAlpha,
Inc
4,928
TIAA-CREF
Life
Stock
Index
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
(continued)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
MEDIA
&
ENTERTAINMENT—continued
38,341
*
Meta
Platforms,
Inc
$
8,125,992
7,442
*
Netflix,
Inc
2,571,062
2,867
New
York
Times
Co
(Class
A)
111,469
6,379
News
Corp
(Class
A)
110,165
1,884
News
Corp
(Class
B)
32,838
706
Nexstar
Media
Group
Inc
121,898
3,500
Omnicom
Group,
Inc
330,190
692
*
Outbrain,
Inc
2,858
89
Paramount
Global
(Class
A)
2,300
9,969
Paramount
Global
(Class
B)
222,408
9,845
*
Pinterest,
Inc
268,473
1,390
*
Playstudios,
Inc
5,129
1,555
*
Playtika
Holding
Corp
17,509
683
*
PubMatic,
Inc
9,439
1,085
*
QuinStreet,
Inc
17,219
378
*
Reservoir
Media,
Inc
2,465
7,676
*
ROBLOX
Corp
345,266
2,026
*
Roku,
Inc
133,351
438
Scholastic
Corp
14,988
862
Sinclair
Broadcast
Group,
Inc
(Class
A)
14,792
12,646
e
Sirius
XM
Holdings,
Inc
50,205
11,042
*
Skillz,
Inc
6,550
2,335
*
Spotify
Technology
S.A.
312,003
1,314
*
Stagwell,
Inc
9,750
2,757
*
Take-Two
Interactive
Software,
Inc
328,910
378
*
TechTarget,
Inc
13,653
3,517
TEGNA,
Inc
59,472
380
*
Thryv
Holdings,
Inc
8,763
1,758
*
TripAdvisor,
Inc
34,914
1,632
*
TrueCar,
Inc
3,754
2,350
*
Vimeo,
Inc
9,001
448
*,e
Vivid
Seats,
Inc
3,418
31,095
*
Walt
Disney
Co
3,113,542
39,844
*
Warner
Bros
Discovery,
Inc
601,644
736
*
WideOpenWest,
Inc
7,824
749
World
Wrestling
Entertainment,
Inc
(Class
A)
68,354
1,209
*
Yelp,
Inc
37,116
795
*
Ziff
Davis
Inc
62,050
1,228
*
ZipRecruiter,
Inc
19,574
4,577
*
ZoomInfo
Technologies,
Inc
113,098
TOTAL
MEDIA
&
ENTERTAINMENT
44,650,914
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
-
8
.2
%
1,510
*
10X
Genomics,
Inc
84,243
646
*
2seventy
bio,
Inc
6,589
684
*
4D
Molecular
Therapeutics,
Inc
11,758
306
*
Aadi
Bioscience,
Inc
2,215
30,138
AbbVie,
Inc
4,803,093
3,422
*
AbCellera
Biologics,
Inc
25,802
2,783
*
Absci
Corp
4,870
2,077
*
Acadia
Pharmaceuticals,
Inc
39,089
997
*
Aclaris
Therapeutics,
Inc
8,066
993
*
Adagio
Therapeutics,
Inc
1,192
2,888
*
Adaptive
Biotechnologies
Corp
25,501
441
*,e
Adicet
Bio,
Inc
2,540
3,230
*
ADMA
Biologics,
Inc
10,691
190
*
Aerovate
Therapeutics,
Inc
3,832
1,962
*
Affimed
NV
1,463
6,443
*
Agenus,
Inc
9,793
5,154
Agilent
Technologies,
Inc
713,004
1,081
*
Agios
Pharmaceuticals,
Inc
24,831
TIAA-CREF
Life
Stock
Index
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES—continued
559
*
Akero
Therapeutics,
Inc
$
21,387
144
*
Akoya
Biosciences,
Inc
1,178
1,021
*
Alector,
Inc
6,320
2,871
*
Alkermes
plc
80,933
1,319
*
Allogene
Therapeutics,
Inc
6,516
1,033
*,e
Allovir,
Inc
4,070
2,045
*
Alnylam
Pharmaceuticals,
Inc
409,654
1,057
*
Alpha
Teknova,
Inc
3,129
725
*,e
Alpine
Immune
Sciences,
Inc
5,597
1,052
*
ALX
Oncology
Holdings,
Inc
4,755
9,103
Amgen,
Inc
2,200,650
4,499
*
Amicus
Therapeutics,
Inc
49,894
2,013
*
Amneal
Pharmaceuticals,
Inc
2,798
552
*
Amphastar
Pharmaceuticals,
Inc
20,700
760
*
Amylyx
Pharmaceuticals,
Inc
22,298
481
*
AN2
Therapeutics,
Inc
4,747
305
*
AnaptysBio,
Inc
6,637
1,126
*,e
Anavex
Life
Sciences
Corp
9,650
121
*
ANI
Pharmaceuticals,
Inc
4,806
216
*
Anika
Therapeutics,
Inc
6,204
1,504
*
Apellis
Pharmaceuticals,
Inc
99,204
1,513
*,e
Arbutus
Biopharma
Corp
4,584
503
*
Arcellx,
Inc
15,497
607
*
Arcturus
Therapeutics
Holdings,
Inc
14,550
799
*
Arcus
Biosciences,
Inc
14,574
576
*
Arcutis
Biotherapeutics,
Inc
6,336
1,723
*
Arrowhead
Pharmaceuticals
Inc
43,764
937
*
Arvinas,
Inc
25,599
2,291
*
Atara
Biotherapeutics,
Inc
6,644
1,067
*
Atea
Pharmaceuticals,
Inc
3,574
550
*
Athira
Pharma,
Inc
1,375
338
*
Aura
Biosciences,
Inc
3,137
2,219
*
Aurinia
Pharmaceuticals,
Inc
24,320
9,898
*
Avantor,
Inc
209,244
989
*
Avid
Bioservices,
Inc
18,554
1,080
*
Avidity
Biosciences,
Inc
16,578
533
*,e
Axsome
Therapeutics,
Inc
32,875
1,068
*
Beam
Therapeutics,
Inc
32,702
3,096
*
Berkeley
Lights,
Inc
3,591
2,996
*
BioCryst
Pharmaceuticals,
Inc
24,987
2,494
*
Biogen,
Inc
693,407
958
*
Biohaven
Ltd
13,086
3,188
*
BioMarin
Pharmaceutical,
Inc
310,001
4,860
*,e
Bionano
Genomics,
Inc
5,395
379
*
Bio-Rad
Laboratories,
Inc
(Class
A)
181,549
2,628
Bio-Techne
Corp
194,971
830
*,e
Bioxcel
Therapeutics
Inc
15,488
1,786
*
Bluebird
Bio,
Inc
5,679
1,085
*
Blueprint
Medicines
Corp
48,814
2,146
*
Bridgebio
Pharma,
Inc
35,581
36,319
Bristol-Myers
Squibb
Co
2,517,270
1,252
*
Brooks
Automation,
Inc
55,864
1,736
Bruker
BioSciences
Corp
136,866
647
*
C4
Therapeutics,
Inc
2,032
679
*
Cara
Therapeutics,
Inc
3,334
831
*
CareDx,
Inc
7,595
983
*
Caribou
Biosciences,
Inc
5,220
656
*,e
Cassava
Sciences,
Inc
15,823
2,958
*
Catalent,
Inc
194,370
2,132
*
Catalyst
Pharmaceuticals,
Inc
35,349
777
*
Celldex
Therapeutics,
Inc
27,956
TIAA-CREF
Life
Stock
Index
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
(continued)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES—continued
3,361
*
Celularity,
Inc
$
2,083
397
*
Century
Therapeutics,
Inc
1,378
887
*
Cerevel
Therapeutics
Holdings,
Inc
21,634
837
*
Charles
River
Laboratories
International,
Inc
168,923
1,268
*
Chimerix,
Inc
1,598
854
*
Chinook
Therapeutics,
Inc
19,770
970
*
Codexis,
Inc
4,016
1,087
*
Cogent
Biosciences,
Inc
11,729
1,104
*
Coherus
Biosciences,
Inc
7,551
773
*
Collegium
Pharmaceutical,
Inc
18,544
1,611
*
Corcept
Therapeutics,
Inc
34,894
899
*
Crinetics
Pharmaceuticals,
Inc
14,438
670
*
CryoPort,
Inc
16,080
1,556
*
CTI
BioPharma
Corp
6,535
427
*
Cullinan
Oncology,
Inc
4,368
1,861
*
Cytek
Biosciences,
Inc
17,103
1,352
*
Cytokinetics,
Inc
47,577
10,990
Danaher
Corp
2,769,920
386
*
Day
One
Biopharmaceuticals,
Inc
5,161
610
*
Deciphera
Pharmaceuticals,
Inc
9,424
1,553
*
Denali
Therapeutics,
Inc
35,781
578
*,e
Design
Therapeutics,
Inc
3,335
601
*
DICE
Therapeutics,
Inc
17,219
1,903
*
Dynavax
Technologies
Corp
18,668
549
*
Dyne
Therapeutics,
Inc
6,324
122
*
Eagle
Pharmaceuticals,
Inc
3,461
648
*,e
Edgewise
Therapeutics,
Inc
4,322
1,580
*
Editas
Medicine,
Inc
11,455
7,744
*
Elanco
Animal
Health,
Inc
72,794
14,377
Eli
Lilly
&
Co
4,937,349
788
*
Emergent
Biosolutions,
Inc
8,164
301
*
Enanta
Pharmaceuticals,
Inc
12,172
3,473
*,e
Enochian
Biosciences
Inc
3,178
3,398
*
EQRx,
Inc
6,592
1,213
*
Erasca,
Inc
3,651
533
*
Evolus,
Inc
4,509
2,917
*
Exact
Sciences
Corp
197,802
5,221
*
Exelixis,
Inc
101,340
2,708
*,e
EyePoint
Pharmaceuticals,
Inc
7,962
1,343
*
Fate
Therapeutics,
Inc
7,655
1,457
*
FibroGen,
Inc
27,188
410
*
Foghorn
Therapeutics,
Inc
2,542
1,213
*
Fulcrum
Therapeutics,
Inc
3,457
744
*
Generation
Bio
Co
3,199
6,579
*
Geron
Corp
14,276
21,416
Gilead
Sciences,
Inc
1,776,886
3,013
*
GreenLight
Biosciences
Holdings
PBC
1,303
2,341
*
Halozyme
Therapeutics,
Inc
89,403
405
*
Harmony
Biosciences
Holdings,
Inc
13,223
2,898
*
Heron
Therapeutics,
Inc
4,376
256
*
HilleVax,
Inc
4,232
3,709
*
Horizon
Therapeutics
Plc
404,800
1,440
*
Humacyte,
Inc
4,450
735
*,e
Icosavax,
Inc
4,263
482
*
Ideaya
Biosciences,
Inc
6,618
344
*,e
IGM
Biosciences,
Inc
4,727
2,643
*
Illumina,
Inc
614,630
2,150
*
ImmunityBio,
Inc
3,913
3,250
*
Immunogen,
Inc
12,480
609
*
Immunovant,
Inc
9,446
3,159
*
Incyte
Corp
228,301
TIAA-CREF
Life
Stock
Index
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES—continued
477
*
Inhibrx,
Inc
$
9,001
1,186
*
Innoviva,
Inc
13,342
5,855
*
Inovio
Pharmaceuticals,
Inc
4,801
1,917
*
Insmed,
Inc
32,685
1,443
*
Intellia
Therapeutics,
Inc
53,781
554
*
Intercept
Pharmaceuticals,
Inc
7,440
1,517
*
Intra-Cellular
Therapies,
Inc
82,146
2,335
*
Ionis
Pharmaceuticals,
Inc
83,453
2,420
*
Iovance
Biotherapeutics,
Inc
14,786
3,230
*
IQVIA
Holdings,
Inc
642,415
2,421
*
Ironwood
Pharmaceuticals,
Inc
25,469
343
*
iTeos
Therapeutics,
Inc
4,668
2,273
*
IVERIC
bio,
Inc
55,302
205
*,e
Janux
Therapeutics,
Inc
2,480
1,000
*
Jazz
Pharmaceuticals
plc
146,330
44,932
Johnson
&
Johnson
6,964,460
9,767
*
Jounce
Therapeutics,
Inc
18,069
390
*
KalVista
Pharmaceuticals
Inc
3,065
499
*
Karuna
Therapeutics,
Inc
90,638
1,306
*
Karyopharm
Therapeutics,
Inc
5,080
226
*
Keros
Therapeutics,
Inc
9,650
1,049
*
Kezar
Life
Sciences,
Inc
3,283
561
*
Kiniksa
Pharmaceuticals
Ltd
6,036
863
*
Kinnate
Biopharma,
Inc
5,394
557
*
Kodiak
Sciences,
Inc
3,453
3,600
*
Kronos
Bio,
Inc
5,256
313
*
Krystal
Biotech
Inc
25,059
1,038
*
Kura
Oncology,
Inc
12,695
584
*
Kymera
Therapeutics,
Inc
17,304
1,227
*
Lexicon
Pharmaceuticals,
Inc
2,982
305
*
Ligand
Pharmaceuticals,
Inc
(Class
B)
22,436
933
*,e
Liquidia
Corp
6,447
4,483
*,e
Lyell
Immunopharma,
Inc
10,580
1,468
*
MacroGenics,
Inc
10,526
253
*
Madrigal
Pharmaceuticals,
Inc
61,292
4,140
*
MannKind
Corp
16,974
1,760
*
Maravai
LifeSciences
Holdings,
Inc
24,658
1,600
*
MaxCyte,
Inc
7,920
494
*
Medpace
Holdings,
Inc
92,897
2,224
*
MeiraGTx
Holdings
plc
11,498
43,154
Merck
&
Co,
Inc
4,591,154
1,159
*
Mersana
Therapeutics,
Inc
4,763
386
*
Mettler-Toledo
International,
Inc
590,661
1,942
*
MiMedx
Group,
Inc
6,622
707
*
Mirati
Therapeutics,
Inc
26,286
270
*
Mirum
Pharmaceuticals,
Inc
6,485
5,772
*
Moderna,
Inc
886,464
579
*
Monte
Rosa
Therapeutics,
Inc
4,510
337
*
Morphic
Holding,
Inc
12,685
1,296
*
Myriad
Genetics,
Inc
30,106
1,492
*
NanoString
Technologies,
Inc
14,771
1,592
*
Natera,
Inc
88,388
3,933
*,e
Nautilus
Biotechnology,
Inc
10,894
3,021
*
Nektar
Therapeutics
2,123
1,811
*
NeoGenomics,
Inc
31,530
1,620
*
Neurocrine
Biosciences,
Inc
163,976
653
*
NGM
Biopharmaceuticals
Inc
2,664
1,017
*
Nkarta,
Inc
3,610
1,714
*,e
Novavax,
Inc
11,878
774
*
Nurix
Therapeutics,
Inc
6,873
252
*
Nuvalent,
Inc
6,575
TIAA-CREF
Life
Stock
Index
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
(continued)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES—continued
4,693
*
Nuvation
Bio,
Inc
$
7,790
5,389
*
Ocugen,
Inc
4,597
1,191
*
Ocular
Therapeutix,
Inc
6,277
115
*,†
Omniab,
Inc
0
115
*,†
Omniab,
Inc
0
1,494
*
OmniAb,
Inc
5,498
1,082
*
Organogenesis
Holdings
Inc
2,305
4,364
Organon
&
Co
102,641
1,649
*,e
Outlook
Therapeutics,
Inc
1,797
3,873
*
Pacific
Biosciences
of
California,
Inc
44,849
686
*
Pacira
BioSciences
Inc
27,996
7,070
*
Pardes
Biosciences,
Inc
9,332
205
*
PepGen,
Inc
2,507
2,112
PerkinElmer,
Inc
281,445
2,396
Perrigo
Co
plc
85,945
96,323
Pfizer,
Inc
3,929,978
326
*,e
Phathom
Pharmaceuticals,
Inc
2,328
293
Phibro
Animal
Health
Corp
4,489
437
*
PMV
Pharmaceuticals,
Inc
2,084
1,279
*
Point
Biopharma
Global,
Inc
9,298
590
*,e
Praxis
Precision
Medicines,
Inc
477
4,045
*,e
Precigen,
Inc
4,288
817
*
Prestige
Consumer
Healthcare,
Inc.
51,169
588
*
Prometheus
Biosciences,
Inc
63,104
709
*
Protagonist
Therapeutics,
Inc
16,307
594
*
Prothena
Corp
plc
28,791
1,036
*
Provention
Bio,
Inc
24,968
1,091
*
PTC
Therapeutics,
Inc
52,848
3,971
*
QIAGEN
NV
182,388
537
*
Quanterix
Corp
6,052
4,583
*
Quantum-Si,
Inc
8,066
734
*
Rallybio
Corp
4,191
468
*
RAPT
Therapeutics,
Inc
8,588
487
*
Reata
Pharmaceuticals,
Inc
44,278
2,378
*
Recursion
Pharmaceuticals,
Inc
15,861
1,760
*
Regeneron
Pharmaceuticals,
Inc
1,446,139
696
*
REGENXBIO,
Inc
13,161
1,583
*
Relay
Therapeutics,
Inc
26,072
488
*
Relmada
Therapeutics,
Inc
1,103
918
*
Repligen
Corp
154,554
560
*
Replimune
Group,
Inc
9,890
1,255
*
Revance
Therapeutics,
Inc
40,424
1,273
*
REVOLUTION
Medicines,
Inc
27,573
5,399
*
Rigel
Pharmaceuticals,
Inc
7,127
870
*
Rocket
Pharmaceuticals,
Inc
14,903
6,056
Royalty
Pharma
plc
218,198
944
*
Sage
Therapeutics,
Inc
39,610
2,743
*,e
Sana
Biotechnology,
Inc
8,970
3,885
*
Sangamo
Therapeutics
Inc
6,838
1,378
*
Sarepta
Therapeutics,
Inc
189,930
6,435
*
Science
37
Holdings,
Inc
1,812
2,306
*
Seagen,
Inc
466,896
1,737
*
Seer,
Inc
6,705
1,730
*
Seres
Therapeutics,
Inc
9,809
842
SIGA
Technologies,
Inc
4,842
4,694
*,e
Singular
Genomics
Systems,
Inc
5,680
5,548
*
SomaLogic,
Inc
14,147
1,974
*,†
Sorrento
Therapeutics,
Inc
14,859
1,436
*
Sotera
Health
Co
25,719
574
*
SpringWorks
Therapeutics,
Inc
14,775
622
*
Stoke
Therapeutics,
Inc
5,181
TIAA-CREF
Life
Stock
Index
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES—continued
725
*
Supernus
Pharmaceuticals,
Inc
$
26,267
730
*
Sutro
Biopharma,
Inc
3,373
747
*
Syndax
Pharmaceuticals,
Inc
15,777
1,682
*
Syneos
Health,
Inc
59,913
905
*
Tango
Therapeutics,
Inc
3,575
356
*
Tarsus
Pharmaceuticals,
Inc
4,475
2,971
*,e
Tenaya
Therapeutics,
Inc
8,467
2,508
*
TG
Therapeutics,
Inc
37,720
1,031
*,e
Theravance
Biopharma,
Inc
11,186
6,677
Thermo
Fisher
Scientific,
Inc
3,848,422
825
*
Theseus
Pharmaceuticals,
Inc
7,326
940
*
Travere
Therapeutics,
Inc
21,141
941
*
Twist
Bioscience
Corp
14,190
356
*,e
Tyra
Biosciences,
Inc
5,721
1,092
*
Ultragenyx
Pharmaceutical,
Inc
43,789
751
*
United
Therapeutics
Corp
168,194
819
*
Vanda
Pharmaceuticals,
Inc
5,561
8,156
*
Vaxart
Inc
6,172
1,137
*
Vaxcyte,
Inc
42,615
19,573
*,e
VBI
Vaccines,
Inc
5,931
383
*
Ventyx
Biosciences,
Inc
12,831
147
*
Vera
Therapeutics,
Inc
1,141
1,155
*
Veracyte,
Inc
25,757
796
*
Vericel
Corp
23,339
4,342
*
Vertex
Pharmaceuticals,
Inc
1,368,034
855
*
Verve
Therapeutics,
Inc
12,329
20,481
Viatris,
Inc
197,027
1,193
*
Vir
Biotechnology,
Inc
27,761
609
*
Viridian
Therapeutics,
Inc
15,493
1,029
*
Waters
Corp
318,609
1,278
West
Pharmaceutical
Services,
Inc
442,789
962
*
Xencor,
Inc
26,830
5,029
*
Xeris
Biopharma
Holdings,
Inc
8,197
616
*
Y-mAbs
Therapeutics,
Inc
3,086
788
*
Zentalis
Pharmaceuticals,
Inc
13,554
8,074
Zoetis,
Inc
1,343,837
TOTAL
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
56,754,653
REAL
ESTATE
-
3
.1
%
1,492
Acadia
Realty
Trust
20,813
1,175
Agree
Realty
Corp
80,617
1,021
Alexander
&
Baldwin,
Inc
19,307
57
Alexander's,
Inc
11,044
2,778
Alexandria
Real
Estate
Equities,
Inc
348,889
714
American
Assets
Trust,
Inc
13,273
1,878
American
Finance
Trust,
Inc
11,794
4,773
American
Homes
4
Rent
150,111
7,902
American
Tower
Corp
1,614,695
4,437
Americold
Realty
Trust
126,233
2,744
Apartment
Income
REIT
Corp
98,263
1,848
Apartment
Investment
and
Management
Co
14,211
4,063
Apple
Hospitality
REIT,
Inc
63,058
1,769
Armada
Hoffler
Properties,
Inc
20,892
888
*
Ashford
Hospitality
Trust,
Inc
2,850
2,397
AvalonBay
Communities,
Inc
402,840
53
*
Bluerock
Homes
Trust,
Inc
1,050
2,732
Boston
Properties,
Inc
147,856
1,429
BraeMar
Hotels
&
Resorts,
Inc
5,516
2,649
Brandywine
Realty
Trust
12,530
5,352
Brixmor
Property
Group,
Inc
115,175
2,559
Broadstone
Net
Lease,
Inc
43,529
TIAA-CREF
Life
Stock
Index
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
(continued)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
REAL
ESTATE—continued
572
Brt
Realty
Trust
$
11,280
1,599
Camden
Property
Trust
167,639
1,679
CareTrust
REIT,
Inc
32,875
493
CBL
&
Associates
Properties,
Inc
12,641
5,555
*
CBRE
Group,
Inc
404,460
275
Centerspace
15,023
919
Chatham
Lodging
Trust
9,640
707
City
Office
REIT,
Inc
4,878
588
Clipper
Realty,
Inc
3,375
544
Community
Healthcare
Trust,
Inc
19,910
8,339
*
Compass,
Inc
26,935
2,132
Corporate
Office
Properties
Trust
50,550
2,578
Cousins
Properties,
Inc
55,118
7,361
Crown
Castle
International
Corp
985,196
273
CTO
Realty
Growth,
Inc
4,712
3,658
CubeSmart
169,073
2,415
*
Cushman
&
Wakefield
plc
25,454
3,453
DiamondRock
Hospitality
Co
28,073
4,847
Digital
Realty
Trust,
Inc
476,509
2,419
e
DigitalBridge
Group,
Inc
29,004
15,695
Diversified
Healthcare
Trust
21,188
11,066
*,e
Doma
Holdings,
Inc
4,509
1,341
Douglas
Elliman,
Inc
4,171
2,632
Douglas
Emmett,
Inc
32,453
1,427
Easterly
Government
Properties,
Inc
19,607
673
EastGroup
Properties,
Inc
111,260
3,012
Empire
State
Realty
Trust,
Inc
19,548
1,375
EPR
Properties
52,387
1,553
Equinix,
Inc
1,119,775
1,868
Equity
Commonwealth
38,686
3,060
Equity
Lifestyle
Properties,
Inc
205,418
6,436
Equity
Residential
386,160
1,947
Essential
Properties
Realty
Trust,
Inc
48,383
1,143
Essex
Property
Trust,
Inc
239,047
1,235
e
eXp
World
Holdings
Inc
15,672
2,226
Extra
Space
Storage,
Inc
362,682
729
Farmland
Partners,
Inc
7,800
1,347
Federal
Realty
Investment
Trust
133,124
1,998
First
Industrial
Realty
Trust,
Inc
106,294
240
*
Forestar
Group,
Inc
3,734
1,235
Four
Corners
Property
Trust,
Inc
33,172
1,621
Franklin
Street
Properties
Corp
2,545
102
*
FRP
Holdings,
Inc
5,904
3,874
Gaming
and
Leisure
Properties,
Inc
201,680
763
Getty
Realty
Corp
27,491
475
Gladstone
Commercial
Corp
5,999
687
Gladstone
Land
Corp
11,439
1,151
Global
Medical
REIT,
Inc
10,486
1,848
Global
Net
Lease,
Inc
23,765
6,024
Healthcare
Realty
Trust,
Inc
116,444
9,296
Healthpeak
Properties
Inc
204,233
697
Hersha
Hospitality
Trust
4,684
1,796
Highwoods
Properties,
Inc
41,649
12,302
Host
Hotels
and
Resorts,
Inc
202,860
692
*
Howard
Hughes
Corp
55,360
2,438
Hudson
Pacific
Properties
16,213
3,525
Independence
Realty
Trust,
Inc
56,506
50
Indus
Realty
Trust,
Inc
3,314
2,686
Industrial
Logistics
Properties
Trust
8,246
439
Innovative
Industrial
Properties,
Inc
33,360
1,002
InvenTrust
Properties
Corp
23,447
TIAA-CREF
Life
Stock
Index
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
REAL
ESTATE—continued
10,054
Invitation
Homes,
Inc
$
313,986
4,939
Iron
Mountain,
Inc
261,322
571
iStar,
Inc
16,776
2,053
JBG
SMITH
Properties
30,918
843
*
Jones
Lang
LaSalle,
Inc
122,648
2,137
Kennedy-Wilson
Holdings,
Inc
35,453
1,970
Kilroy
Realty
Corp
63,828
10,503
Kimco
Realty
Corp
205,124
3,663
Kite
Realty
Group
Trust
76,630
1,519
Lamar
Advertising
Co
151,733
5,428
Lexington
Realty
Trust
55,963
1,362
Life
Storage,
Inc
178,545
917
LTC
Properties,
Inc
32,214
3,615
Macerich
Co
38,319
1,437
*
Mack-Cali
Realty
Corp
21,038
406
Marcus
&
Millichap,
Inc
13,037
9,560
Medical
Properties
Trust,
Inc
78,583
1,928
Mid-America
Apartment
Communities,
Inc
291,205
885
National
Health
Investors,
Inc
45,648
3,390
National
Retail
Properties,
Inc
149,668
1,216
National
Storage
Affiliates
Trust
50,804
652
NETSTREIT
Corp
11,919
2,520
Newmark
Group,
Inc
17,842
478
NexPoint
Residential
Trust,
Inc
20,874
965
Office
Properties
Income
Trust
11,869
3,987
Omega
Healthcare
Investors,
Inc
109,284
254
One
Liberty
Properties,
Inc
5,824
13,458
*,e
Opendoor
Technologies,
Inc
23,686
1,512
Orion
Office
REIT,
Inc
10,130
2,712
Outfront
Media,
Inc
44,016
3,099
Paramount
Group,
Inc
14,131
4,260
Park
Hotels
&
Resorts,
Inc
52,654
2,135
Pebblebrook
Hotel
Trust
29,975
1,776
Phillips
Edison
&
Co,
Inc
57,933
3,336
Physicians
Realty
Trust
49,806
2,219
Piedmont
Office
Realty
Trust,
Inc
16,199
445
Plymouth
Industrial
REIT,
Inc
9,349
255
Postal
Realty
Trust,
Inc
3,881
1,459
PotlatchDeltic
Corp
72,220
15,794
Prologis,
Inc
1,970,617
2,624
Public
Storage,
Inc
792,815
2,525
Rayonier,
Inc
83,981
349
Re/Max
Holdings,
Inc
6,547
2,208
*
Realogy
Holdings
Corp
11,658
10,335
Realty
Income
Corp
654,412
3,259
*,e
Redfin
Corp
29,527
2,945
Regency
Centers
Corp
180,175
2,533
Retail
Opportunities
Investment
Corp
35,361
2,780
Rexford
Industrial
Realty,
Inc
165,827
3,244
RLJ
Lodging
Trust
34,386
497
RMR
Group,
Inc
13,041
1,201
RPT
Realty
11,422
875
Ryman
Hospitality
Properties
78,514
3,697
Sabra
Healthcare
REIT,
Inc
42,516
370
Saul
Centers,
Inc
14,430
1,869
SBA
Communications
Corp
487,940
3,197
Service
Properties
Trust
31,842
5,663
Simon
Property
Group,
Inc
634,086
2,580
SITE
Centers
Corp
31,682
1,292
SL
Green
Realty
Corp
30,388
2,053
Spirit
Realty
Capital,
Inc
81,792
TIAA-CREF
Life
Stock
Index
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
(continued)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
REAL
ESTATE—continued
747
St.
Joe
Co
$
31,083
2,713
STAG
Industrial,
Inc
91,754
163
*
Star
Holdings
2,835
152
Stratus
Properties,
Inc
3,040
2,137
Summit
Hotel
Properties,
Inc
14,959
1,974
Sun
Communities,
Inc
278,097
4,344
Sunstone
Hotel
Investors,
Inc
42,919
1,735
Tanger
Factory
Outlet
Centers,
Inc
34,058
268
*
Tejon
Ranch
Co
4,896
1,413
Terreno
Realty
Corp
91,280
52
*
Transcontinental
Realty
Investors,
Inc
2,204
5,209
UDR,
Inc
213,882
567
UMH
Properties,
Inc
8,386
3,661
Uniti
Group,
Inc
12,997
198
Universal
Health
Realty
Income
Trust
9,526
2,537
Urban
Edge
Properties
38,207
1,302
Urstadt
Biddle
Properties,
Inc
(Class
A)
22,876
6,969
Ventas,
Inc
302,106
16,059
VICI
Properties,
Inc
523,845
3,062
Vornado
Realty
Trust
47,063
1,848
Washington
REIT
33,005
8,069
Welltower,
Inc
578,467
12,934
d
Weyerhaeuser
Co
389,701
550
Whitestone
REIT
5,060
3,203
WP
Carey,
Inc
248,072
2,302
d
Xenia
Hotels
&
Resorts,
Inc
30,133
1,056
*
Zillow
Group,
Inc
(Class
A)
46,147
2,878
*
Zillow
Group,
Inc
(Class
C)
127,985
TOTAL
REAL
ESTATE
21,330,162
RETAILING
-
5
.2
%
426
*
1-800-FLOWERS.COM,
Inc
(Class
A)
4,899
591
*
1stdibs.com,
Inc
2,346
667
Aaron's
Co,
Inc
6,443
912
*
Abercrombie
&
Fitch
Co
(Class
A)
25,308
1,229
Academy
Sports
&
Outdoors,
Inc
80,192
1,052
Advance
Auto
Parts,
Inc
127,934
152,167
*
Amazon.com,
Inc
15,717,329
2,547
American
Eagle
Outfitters,
Inc
34,232
122
*
America's
Car-Mart,
Inc
9,664
1,783
Arko
Corp
15,138
346
*
Asbury
Automotive
Group,
Inc
72,660
671
*
Autonation,
Inc
90,156
333
*
AutoZone,
Inc
818,564
1,577
*,e
BARK,
Inc
2,287
4,095
Bath
&
Body
Works,
Inc
149,795
3,440
Best
Buy
Co,
Inc
269,249
365
Big
5
Sporting
Goods
Corp
2,807
638
e
Big
Lots,
Inc
6,992
455
*
Boot
Barn
Holdings,
Inc
34,871
526
Buckle,
Inc
18,773
200
Build-A-Bear
Workshop,
Inc
4,648
1,130
*
Burlington
Stores,
Inc
228,373
331
Caleres,
Inc
7,159
670
Camping
World
Holdings,
Inc
13,983
2,760
*
CarMax,
Inc
177,413
961
*
CarParts.com,
Inc
5,132
368
Cato
Corp
(Class
A)
3,253
2,088
*
Chico's
FAS,
Inc
11,484
288
*
Children's
Place,
Inc
11,592
207
*
Citi
Trends,
Inc
3,937
TIAA-CREF
Life
Stock
Index
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
RETAILING—continued
291
*
Conn's,
Inc
$
1,763
508
*
Container
Store
Group,
Inc
1,742
14,344
*
ContextLogic,
Inc
6,395
892
Designer
Brands,
Inc
7,796
919
*
Destination
XL
Group,
Inc
5,064
954
Dick's
Sporting
Goods,
Inc
135,363
77
Dillard's,
Inc
(Class
A)
23,691
3,897
Dollar
General
Corp
820,163
3,623
*
Dollar
Tree,
Inc
520,082
4,249
*
DoorDash,
Inc
270,066
144
*
Duluth
Holdings,
Inc
919
9,663
eBay,
Inc
428,747
2,188
*
Etsy,
Inc
243,590
1,112
*,e
EVgo,
Inc
8,662
969
*
Five
Below,
Inc
199,585
1,672
*
Floor
&
Decor
Holdings,
Inc
164,224
1,404
Foot
Locker,
Inc
55,725
429
e
Franchise
Group,
Inc
11,690
389
*,e
Funko,
Inc
3,668
4,552
*,e
GameStop
Corp
(Class
A)
104,787
3,094
Gap,
Inc
31,064
127
*
Genesco,
Inc
4,684
2,363
Genuine
Parts
Co
395,353
228
Group
1
Automotive,
Inc
51,624
354
*,e
Groupon,
Inc
1,490
934
*
GrowGeneration
Corp
3,194
194
Guess?,
Inc
3,775
286
Haverty
Furniture
Cos,
Inc
9,126
269
Hibbett
Sports,
Inc
15,866
17,601
Home
Depot,
Inc
5,194,407
2,193
Kohl's
Corp
51,623
221
*
Lands'
End,
Inc
2,148
2,409
*
Leslie's,
Inc
26,523
484
*
Liquidity
Services,
Inc
6,374
472
Lithia
Motors,
Inc
(Class
A)
108,055
4,343
LKQ
Corp
246,509
10,546
Lowe's
Companies,
Inc
2,108,884
442
*
Lumber
Liquidators,
Inc
1,680
4,862
Macy's,
Inc
85,036
389
*
MarineMax,
Inc
11,184
566
Monro
Muffler,
Inc
27,977
343
Murphy
USA,
Inc
88,511
1,406
*
National
Vision
Holdings,
Inc
26,489
1,826
Nordstrom,
Inc
29,709
740
*
ODP
Corp
33,285
1,041
*
Ollie's
Bargain
Outlet
Holdings,
Inc
60,316
180
*,e
OneWater
Marine,
Inc
5,035
1,062
*
O'Reilly
Automotive,
Inc
901,617
752
*
Overstock.com,
Inc
15,243
512
Penske
Auto
Group,
Inc
72,607
1,122
*
Petco
Health
&
Wellness
Co,
Inc
10,098
306
PetMed
Express,
Inc
4,969
667
Pool
Corp
228,407
1,517
*
Quotient
Technology,
Inc
4,976
6,780
*
Qurate
Retail
Group,
Inc
QVC
Group
6,697
1,063
*
Rent
the
Runway,
Inc
3,030
941
Rent-A-Center,
Inc
23,064
610
*
Revolve
Group,
Inc
16,043
318
*
RH
77,449
5,850
Ross
Stores,
Inc
620,860
2,062
*
Sally
Beauty
Holdings,
Inc
32,126
TIAA-CREF
Life
Stock
Index
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
(continued)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
RETAILING—continued
406
Shoe
Carnival,
Inc
$
10,414
366
Shutterstock,
Inc
26,572
819
Signet
Jewelers
Ltd
63,702
441
*
Sleep
Number
Corp
13,411
345
Sonic
Automotive,
Inc
(Class
A)
18,747
689
*
Sportsman's
Warehouse
Holdings,
Inc
5,843
1,508
*
Stitch
Fix
Inc
7,706
7,871
Target
Corp
1,303,674
1,347
*,e
ThredUp,
Inc
3,408
297
*
Tilly's,
Inc
2,290
19,929
TJX
Companies,
Inc
1,561,636
1,905
Tractor
Supply
Co
447,751
232
*
TravelCenters
of
America,
Inc
20,068
859
*
Ulta
Beauty,
Inc
468,730
1,237
*
Urban
Outfitters,
Inc
34,290
1,365
*
Victoria's
Secret
&
Co
46,615
1,287
*
Warby
Parker,
Inc
13,629
1,297
*
Wayfair,
Inc
44,539
1,203
Williams-Sonoma,
Inc
146,357
37
Winmark
Corp
11,856
576
*,e
Xometry,
Inc
8,623
314
*
Zumiez,
Inc
5,790
TOTAL
RETAILING
35,883,093
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
-
5
.7
%
759
*
ACM
Research,
Inc
8,880
27,549
*
Advanced
Micro
Devices,
Inc
2,700,077
932
*
Allegro
MicroSystems,
Inc
44,727
302
*
Alpha
&
Omega
Semiconductor
Ltd
8,139
567
*
Ambarella,
Inc
43,897
1,455
Amkor
Technology,
Inc
37,859
8,852
Analog
Devices,
Inc
1,745,791
14,682
Applied
Materials,
Inc
1,803,390
320
*,e
Atomera,
Inc
2,038
510
*
Axcelis
Technologies,
Inc
67,957
582
*
AXT,
Inc
2,316
6,747
Broadcom,
Inc
4,328,470
333
*
Ceva,
Inc
10,133
1,003
*
Cirrus
Logic,
Inc
109,708
2,152
*
Coherent
Corp
81,948
772
*
Cohu,
Inc
29,637
1,608
*
Credo
Technology
Group
Holding
Ltd
15,147
836
*
Diodes,
Inc
77,547
2,241
*
Enphase
Energy,
Inc
471,237
2,553
Entegris,
Inc
209,372
1,763
*
First
Solar,
Inc
383,453
1,150
*
Formfactor,
Inc
36,628
991
*
GLOBALFOUNDRIES,
Inc
71,530
434
*
Ichor
Holdings
Ltd
14,209
346
*
Impinj,
Inc
46,890
1,578
*,e
indie
Semiconductor,
Inc
16,648
69,935
Intel
Corp
2,284,776
2,385
KLA
Corp
952,020
970
Kulicke
&
Soffa
Industries,
Inc
51,109
2,339
Lam
Research
Corp
1,239,951
2,478
*
Lattice
Semiconductor
Corp
236,649
799
*
MACOM
Technology
Solutions
Holdings,
Inc
56,601
14,438
Marvell
Technology,
Inc
625,165
1,137
*
MaxLinear,
Inc
40,034
9,072
Microchip
Technology,
Inc
760,052
18,823
Micron
Technology,
Inc
1,135,780
TIAA-CREF
Life
Stock
Index
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT—continued
1,013
MKS
Instruments,
Inc
$
89,772
785
Monolithic
Power
Systems,
Inc
392,924
943
*
Nanometrics,
Inc
82,871
40,719
NVIDIA
Corp
11,310,517
7,472
*
ON
Semiconductor
Corp
615,095
409
*
PDF
Solutions,
Inc
17,342
1,020
*
Photronics,
Inc
16,912
990
Power
Integrations,
Inc
83,794
1,887
*
Qorvo,
Inc
191,663
19,108
QUALCOMM,
Inc
2,437,799
2,225
*
Rambus,
Inc
114,054
463
*,e
Rigetti
Computing,
Inc
335
1,200
*
Semtech
Corp
28,968
634
*
Silicon
Laboratories,
Inc
111,007
272
*
SiTime
Corp
38,687
106
*
SkyWater
Technology,
Inc
1,206
2,765
Skyworks
Solutions,
Inc
326,215
592
*
SMART
Global
Holdings,
Inc
10,206
1,332
*,e
SunPower
Corp
18,435
653
*
Synaptics,
Inc
72,581
2,737
Teradyne,
Inc
294,255
15,698
Texas
Instruments,
Inc
2,919,985
398
*
Transphorm,
Inc
1,588
789
*
Ultra
Clean
Holdings
26,163
754
Universal
Display
Corp
116,968
729
*
Veeco
Instruments,
Inc
15,404
1,949
*
Wolfspeed,
Inc
126,588
TOTAL
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
39,211,099
SOFTWARE
&
SERVICES
-
13
.8
%
1,702
*
8x8,
Inc
7,097
978
A10
Networks,
Inc
15,149
10,813
Accenture
plc
3,090,464
2,058
*
ACI
Worldwide,
Inc
55,525
1,587
Adeia,
Inc
14,061
7,939
*
Adobe,
Inc
3,059,452
3,788
*
Affirm
Holdings,
Inc
42,691
400
*
Agilysys,
Inc
33,004
2,729
*
Akamai
Technologies,
Inc
213,681
790
*
Alarm.com
Holdings,
Inc
39,721
641
*
Alkami
Technology,
Inc
8,115
708
*
Altair
Engineering,
Inc
51,054
994
*
Alteryx,
Inc
58,487
2,168
Amdocs
Ltd
208,193
370
American
Software,
Inc
(Class
A)
4,666
894
*
Amplitude,
Inc
11,121
1,525
*
Ansys,
Inc
507,520
306
*
Appfolio,
Inc
38,091
674
*
Appian
Corp
29,912
3,826
*
AppLovin
Corp
60,259
350
*
Arteris,
Inc
1,480
1,411
*
Asana,
Inc
29,814
492
*
Aspen
Technology,
Inc
112,604
2,456
*
Atlassian
Corp
420,394
3,745
*
Autodesk,
Inc
779,559
7,121
Automatic
Data
Processing,
Inc
1,585,348
2,036
*,e
AvePoint,
Inc
8,388
2,445
*
AvidXchange
Holdings,
Inc
19,071
2,759
Bentley
Systems,
Inc
118,609
1,087
*
BigCommerce
Holdings,
Inc
9,718
1,698
*
Bill.Com
Holdings,
Inc
137,776
TIAA-CREF
Life
Stock
Index
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
(continued)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
SOFTWARE
&
SERVICES—continued
2,568
*
Black
Knight,
Inc
$
147,814
919
*
Blackbaud,
Inc
63,687
875
*
Blackline,
Inc
58,756
8,961
*
Block,
Inc
615,173
2,369
*
Box,
Inc
63,466
829
Bread
Financial
Holdings,
Inc
25,135
653
*
Brightcove,
Inc
2,906
1,981
Broadridge
Financial
Solutions,
Inc
290,355
1,024
*,e
C3.ai,
Inc
34,376
4,697
*
Cadence
Design
Systems,
Inc
986,793
923
*
Cantaloupe,
Inc
5,261
222
Cass
Information
Systems,
Inc
9,615
2,611
*
CCC
Intelligent
Solutions
Holdings,
Inc
23,421
810
*,e
Cerberus
Cyber
Sentinel
Corp
274
664
*
Cerence
Inc
18,652
2,180
*
Ceridian
HCM
Holding,
Inc
159,620
8,723
*,e
Cipher
Mining,
Inc
20,325
2,269
*
Cleanspark,
Inc
6,308
1,045
Clear
Secure,
Inc
27,348
4,715
*
Cloudflare,
Inc
290,727
8,916
Cognizant
Technology
Solutions
Corp
(Class
A)
543,252
679
*
Commvault
Systems,
Inc
38,526
752
Concentrix
Corp
91,406
3,045
*
Conduent,
Inc
10,444
2,093
*
Confluent,
Inc
50,379
265
*
Consensus
Cloud
Solutions,
Inc
9,034
485
*,e
Couchbase,
Inc
6,819
3,634
*
Crowdstrike
Holdings,
Inc
498,803
430
*
CS
Disco,
Inc
2,855
520
CSG
Systems
International,
Inc
27,924
1,339
*
Cvent
Holding
Corp
11,194
4,505
*
Datadog,
Inc
327,333
348
*
Digimarc
Corp
6,838
1,549
*
Digital
Turbine,
Inc
19,146
1,273
*,e
DigitalOcean
Holdings,
Inc
49,863
3,281
*
DocuSign,
Inc
191,282
1,151
Dolby
Laboratories,
Inc
(Class
A)
98,318
549
*
Domo,
Inc
7,790
1,002
*
DoubleVerify
Holdings,
Inc
30,210
5,083
*
Dropbox,
Inc
109,894
4,238
*
DXC
Technology
Co
108,323
3,263
*
Dynatrace,
Inc
138,025
3,144
*
E2open
Parent
Holdings,
Inc
18,298
387
Ebix,
Inc
5,105
543
*
eGain
Corp
4,121
1,268
*
Elastic
NV
73,417
349
*
Enfusion,
Inc
3,664
562
*
EngageSmart,
Inc
10,818
884
*
Envestnet,
Inc
51,864
940
*
EPAM
Systems,
Inc
281,060
849
*
Euronet
Worldwide,
Inc
95,003
638
*
Everbridge,
Inc
22,119
472
*
EverCommerce,
Inc
4,994
941
EVERTEC,
Inc
31,759
511
*
ExlService
Holdings,
Inc
82,695
439
*
Fair
Isaac
Corp
308,481
1,817
*
Fastly,
Inc
32,270
10,411
Fidelity
National
Information
Services,
Inc
565,630
10,184
*
Fiserv,
Inc
1,151,098
1,139
*
Five9,
Inc
82,338
1,300
*
FleetCor
Technologies,
Inc
274,105
TIAA-CREF
Life
Stock
Index
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
SOFTWARE
&
SERVICES—continued
1,015
*
Flywire
Corp
$
29,800
741
*
ForgeRock,
Inc
15,265
11,265
*
Fortinet,
Inc
748,672
1,347
*
Gartner,
Inc
438,812
9,648
Gen
Digital,
Inc
165,560
3,194
Genpact
Ltd
147,627
4,712
Global
Payments,
Inc
495,891
671
*
Globant
S.A.
110,051
2,799
*
GoDaddy,
Inc
217,538
699
*
Grid
Dynamics
Holdings,
Inc
8,011
1,428
*
Guidewire
Software,
Inc
117,167
450
Hackett
Group,
Inc
8,316
770
*
HubSpot,
Inc
330,137
280
*
I3
Verticals,
Inc
6,868
112
*
IBEX
Ltd
2,733
477
*
Informatica,
Inc
7,823
412
Information
Services
Group,
Inc
2,097
227
*
Instructure
Holdings,
Inc
5,879
291
*
Intapp,
Inc
13,048
539
InterDigital,
Inc
39,293
15,297
International
Business
Machines
Corp
2,005,284
339
*
International
Money
Express
Inc
8,739
4,677
Intuit,
Inc
2,085,147
1,261
*,e
IronNet,
Inc
443
1,263
Jack
Henry
&
Associates,
Inc
190,359
1,086
*
Jamf
Holding
Corp
21,090
387
*,e
Kaleyra,
Inc
639
3,094
*
Kyndryl
Holdings,
Inc
45,667
7,481
*
Latch,
Inc
5,701
2,061
*
Limelight
Networks,
Inc
1,630
1,208
*
LiveRamp
Holdings,
Inc
26,491
2,676
*,e
LiveVox
Holdings,
Inc
8,269
1,102
*
Manhattan
Associates,
Inc
170,645
1,642
*,e
Marathon
Digital
Holdings,
Inc
14,318
7,301
*
Marqeta,
Inc
33,366
14,651
Mastercard,
Inc
(Class
A)
5,324,320
5,907
*
Matterport,
Inc
16,126
1,185
MAXIMUS,
Inc
93,260
365
*
MeridianLink,
Inc
6,315
128,261
Microsoft
Corp
36,977,646
157
*,e
MicroStrategy,
Inc
(Class
A)
45,894
781
*
Mitek
Systems,
Inc
7,490
704
*
Model
N,
Inc
23,563
1,365
*
MoneyGram
International,
Inc
14,223
1,116
*
MongoDB,
Inc
260,162
1,055
*
N-Able,
Inc
13,926
1,156
*
nCino
OpCo,
Inc
28,646
2,313
*
NCR
Corp
54,564
885
*
New
Relic,
Inc
66,632
1,978
*,e
NextNav,
Inc
4,015
3,547
*
Nutanix,
Inc
92,187
2,511
*
Okta,
Inc
216,549
1,468
*
Olo,
Inc
11,979
710
*
ON24,
Inc
6,220
634
*
OneSpan,
Inc
11,095
25,840
Oracle
Corp
2,401,053
1,327
*
Pagerduty,
Inc
46,418
30,694
*
Palantir
Technologies,
Inc
259,364
4,989
*
Palo
Alto
Networks,
Inc
996,503
5,432
Paychex,
Inc
622,453
896
*
Paycom
Software,
Inc
272,393
TIAA-CREF
Life
Stock
Index
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
(continued)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
SOFTWARE
&
SERVICES—continued
779
*
Paycor
HCM,
Inc
$
20,659
665
*
Paylocity
Holding
Corp
132,189
3,424
*
Payoneer
Global,
Inc
21,503
19,779
*
PayPal
Holdings,
Inc
1,502,017
652
*
Paysafe
Ltd
11,260
748
Pegasystems,
Inc
36,263
509
*
Perficient,
Inc
36,745
203
PFSweb,
Inc
861
1,155
*
Procore
Technologies,
Inc
72,338
766
Progress
Software
Corp
44,007
671
*
PROS
Holdings,
Inc
18,385
1,840
*
PTC,
Inc
235,943
877
*
Q2
Holdings,
Inc
21,592
667
*
Qualys,
Inc
86,723
738
*
Rackspace
Technology,
Inc
1,387
930
*
Rapid7,
Inc
42,696
1,393
*
Remitly
Global,
Inc
23,611
1,337
*
Repay
Holdings
Corp
8,784
1,545
*
Rimini
Street,
Inc
6,365
1,417
*
RingCentral,
Inc
43,459
2,728
*,e
Riot
Blockchain,
Inc
27,253
1,821
Roper
Technologies,
Inc
802,496
5,391
*
Sabre
Corp
23,127
16,369
*
Salesforce,
Inc
3,270,199
433
Sapiens
International
Corp
NV
9,405
96
*
SecureWorks
Corp
823
3,422
*
SentinelOne,
Inc
55,984
3,429
*
ServiceNow,
Inc
1,593,525
854
*,e
Shift4
Payments,
Inc
64,733
307
*
ShotSpotter,
Inc
12,071
2,057
*
Smartsheet,
Inc
98,325
5,219
*
Snowflake,
Inc
805,240
668
*
SolarWinds
Corp
5,745
2,799
*
Splunk,
Inc
268,368
904
*
Sprout
Social,
Inc
55,036
599
*
SPS
Commerce,
Inc
91,228
519
*
Squarespace,
Inc
16,489
3,873
SS&C
Technologies
Holdings,
Inc
218,708
4,668
*
StoneCo
Ltd
44,533
1,672
*
Sumo
Logic,
Inc
20,031
2,089
*
SVMK,
Inc
19,469
2,617
*
Synopsys,
Inc
1,010,816
904
*
Telos
Corp
2,287
1,778
*
Tenable
Holdings,
Inc
84,473
1,844
*
Teradata
Corp
74,276
4,196
*
Toast,
Inc
74,479
7,448
*
Trade
Desk,
Inc
453,658
369
TTEC
Holdings,
Inc
13,738
143
*,e
Tucows,
Inc
2,781
1,255
*
Turing
Holding
Corp
9,237
2,852
*
Twilio,
Inc
190,029
718
*
Tyler
Technologies,
Inc
254,632
6,303
*
UiPath,
Inc
110,681
1,098
*
Unisys
Corp
4,260
4,288
*
Unity
Software,
Inc
139,103
395
*
Upland
Software,
Inc
1,699
1,710
*
Varonis
Systems,
Inc
44,477
1,154
*
Verint
Systems,
Inc
42,975
1,657
*
VeriSign,
Inc
350,174
988
*
Veritone,
Inc
5,760
2,291
*
Verra
Mobility
Corp
38,764
TIAA-CREF
Life
Stock
Index
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
SOFTWARE
&
SERVICES—continued
187
*
Viant
Technology,
Inc
$
813
28,043
Visa,
Inc
(Class
A)
6,322,575
3,584
*
VMware,
Inc
(Class
A)
447,462
6,792
Western
Union
Co
75,731
739
*
WEX,
Inc
135,895
902
*
Wix.com
Ltd
90,020
6,357
*
WM
Technology,
Inc
5,398
3,317
*
Workday,
Inc
685,093
767
*
Workiva,
Inc
78,548
1,753
*
Yext,
Inc
16,846
1,875
*
Zeta
Global
Holdings
Corp
20,306
4,272
*
Zoom
Video
Communications,
Inc
315,444
1,385
*
Zscaler,
Inc
161,810
1,687
*
Zuora
Inc
16,668
TOTAL
SOFTWARE
&
SERVICES
95,649,388
TECHNOLOGY
HARDWARE
&
EQUIPMENT
-
8
.0
%
2,107
*
3D
Systems
Corp
22,587
380
*
908
Devices,
Inc
3,268
806
ADTRAN
Holdings,
Inc
12,783
617
Advanced
Energy
Industries,
Inc
60,466
1,957
*
Aeva
Technologies,
Inc
2,329
3,969
*
AEye,
Inc
1,249
1,341
*,e
Akoustis
Technologies,
Inc
4,130
10,075
Amphenol
Corp
(Class
A)
823,329
257,654
Apple,
Inc
42,487,145
4,063
*
Arista
Networks,
Inc
682,015
1,538
*
Arlo
Technologies,
Inc
9,320
1,135
*
Arrow
Electronics,
Inc
141,727
170
*
Aviat
Networks,
Inc
5,858
612
*
Avid
Technology,
Inc
19,572
1,668
Avnet,
Inc
75,394
438
Badger
Meter,
Inc
53,357
636
Belden
CDT,
Inc
55,186
773
Benchmark
Electronics,
Inc
18,312
909
*
Calix,
Inc
48,713
141
*
Cambium
Networks
Corp
2,498
2,317
CDW
Corp
451,560
2,665
*
Ciena
Corp
139,966
70,924
Cisco
Systems,
Inc
3,707,552
153
*
Clearfield,
Inc
7,127
2,887
Cognex
Corp
143,051
3,317
*
CommScope
Holding
Co,
Inc
21,129
356
Comtech
Telecommunications
Corp
4,443
12,918
Corning,
Inc
455,747
426
*
Corsair
Gaming,
Inc
7,817
485
CTS
Corp
23,988
4,541
Dell
Technologies,
Inc
182,594
400
*
Digi
International,
Inc
13,472
284
*
DZS,
Inc
2,241
830
*
Eastman
Kodak
Co
3,403
404
*
ePlus,
Inc
19,812
1,500
*
Evolv
Technologies
Holdings,
Inc
4,680
1,698
*
Extreme
Networks,
Inc
32,466
1,062
*
F5
Networks,
Inc
154,723
683
*
Fabrinet
81,113
288
*
FARO
Technologies,
Inc
7,088
479
*,e
Focus
Universal,
Inc
1,196
1,256
*
Harmonic,
Inc
18,325
22,442
Hewlett
Packard
Enterprise
Co
357,501
17,965
HP,
Inc
527,273
TIAA-CREF
Life
Stock
Index
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
(continued)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
TECHNOLOGY
HARDWARE
&
EQUIPMENT—continued
376
*
Identiv,
Inc
$
2,309
2,966
*,e
Infinera
Corp
23,016
1,471
*
Inseego
Corp
857
594
*
Insight
Enterprises,
Inc
84,918
1,889
*,e
IonQ,
Inc
11,617
631
*
IPG
Photonics
Corp
77,809
678
*
Itron,
Inc
37,595
2,422
Jabil
Inc
213,523
5,587
Juniper
Networks,
Inc
192,305
3,121
*
Keysight
Technologies,
Inc
503,979
548
*
Kimball
Electronics,
Inc
13,207
1,352
*
Knowles
Corp
22,984
1,886
*,e
Lightwave
Logic,
Inc
9,864
375
Littelfuse,
Inc
100,534
1,153
*
Lumentum
Holdings,
Inc
62,274
569
Methode
Electronics,
Inc
24,968
2,725
*,e
Microvision,
Inc
7,276
1,899
*
Mirion
Technologies,
Inc
16,217
2,823
Motorola
Solutions,
Inc
807,745
342
*
Napco
Security
Technologies,
Inc
12,852
2,304
National
Instruments
Corp
120,753
3,817
NetApp,
Inc
243,715
505
*
Netgear,
Inc
9,348
1,389
*
Netscout
Systems,
Inc
39,795
829
*
nLight,
Inc
8,439
592
*
Novanta,
Inc
94,181
641
*,e
Ondas
Holdings,
Inc
692
280
*
OSI
Systems,
Inc
28,661
5,831
*
Ouster,
Inc
4,879
404
*,e
PAR
Technology
Corp
13,720
196
PC
Connection,
Inc
8,812
521
*
Plexus
Corp
50,834
4,619
*
Pure
Storage,
Inc
117,831
1,053
*
Ribbon
Communications,
Inc
3,601
262
*
Rogers
Corp
42,819
1,157
*
Sanmina
Corp
70,565
463
*
Scansource,
Inc
14,094
1,918
*
SmartRent,
Inc
4,891
764
*
Super
Micro
Computer,
Inc
81,404
765
SYNNEX
Corp
74,044
797
*
Teledyne
Technologies,
Inc
356,546
4,356
*
Trimble
Inc
228,342
1,439
*
TTM
Technologies,
Inc
19,412
301
*
Turtle
Beach
Corp
3,016
125
e
Ubiquiti,
Inc
33,961
1,095
*,e
Viasat,
Inc
37,055
4,189
*
Viavi
Solutions,
Inc
45,367
2,099
Vishay
Intertechnology,
Inc
47,479
301
*
Vishay
Precision
Group,
Inc
12,570
2,801
Vontier
Corp
76,579
5,297
*
Western
Digital
Corp
199,538
2,215
Xerox
Holdings
Corp
34,111
634
*
Xperi,
Inc
6,930
901
*
Zebra
Technologies
Corp
(Class
A)
286,518
TOTAL
TECHNOLOGY
HARDWARE
&
EQUIPMENT
55,543,856
TELECOMMUNICATION
SERVICES
-
1
.0
%
422
*
Anterix,
Inc
13,943
122,091
AT&T,
Inc
2,350,252
251
ATN
International,
Inc
10,271
378
*
Bandwidth
Inc
5,746
TIAA-CREF
Life
Stock
Index
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
TELECOMMUNICATION
SERVICES—continued
4,266
*
Charge
Enterprises,
Inc
$
4,693
772
Cogent
Communications
Group,
Inc
49,192
1,064
*
Consolidated
Communications
Holdings,
Inc
2,745
740
*
EchoStar
Corp
(Class
A)
13,535
3,950
*
Frontier
Communications
Parent,
Inc
89,941
10,525
*
Globalstar,
Inc
12,209
987
*
Gogo,
Inc
14,311
350
*
IDT
Corp
(Class
B)
11,928
2,020
Iridium
Communications,
Inc
125,099
975
*
KORE
Group
Holdings,
Inc
1,189
681
*
Liberty
Latin
America
Ltd
(Class
A)
5,659
2,483
*
Liberty
Latin
America
Ltd
(Class
C)
20,510
17,584
Lumen
Technologies,
Inc
46,598
365
*
Ooma,
Inc
4,566
1,168
*
Radius
Global
Infrastructure,
Inc
17,134
869
Shenandoah
Telecom
Co
16,528
1,775
Telephone
&
Data
Systems,
Inc
18,655
10,082
*
T-Mobile
US,
Inc
1,460,277
247
*
US
Cellular
Corp
5,120
71,767
Verizon
Communications,
Inc
2,791,019
TOTAL
TELECOMMUNICATION
SERVICES
7,091,120
TRANSPORTATION
-
1
.8
%
1,148
*
Air
Transport
Services
Group,
Inc
23,913
2,129
*
Alaska
Air
Group,
Inc
89,333
268
*
Allegiant
Travel
Co
24,651
1,269
AMERCO
65,798
141
e
Amerco,
Inc
8,411
10,876
*
American
Airlines
Group,
Inc
160,421
424
ArcBest
Corp
39,186
447
*
Avis
Budget
Group,
Inc
87,076
969
*
Blade
Air
Mobility,
Inc
3,275
2,212
CH
Robinson
Worldwide,
Inc
219,806
554
*
Copa
Holdings
S.A.
(Class
A)
51,162
767
Costamare,
Inc
7,217
185
Covenant
Transportation
Group,
Inc
6,553
36,581
CSX
Corp
1,095,235
828
*
Daseke,
Inc
6,400
10,897
*
Delta
Air
Lines,
Inc
380,523
220
Eagle
Bulk
Shipping,
Inc
10,010
556
Eneti,
Inc
5,199
2,934
Expeditors
International
of
Washington,
Inc
323,092
4,108
FedEx
Corp
938,637
480
Forward
Air
Corp
51,725
438
*
Frontier
Group
Holdings,
Inc
4,310
497
Genco
Shipping
&
Trading
Ltd
7,783
1,990
Golden
Ocean
Group
Ltd
18,945
1,764
*
GXO
Logistics,
Inc
89,011
905
*
Hawaiian
Holdings,
Inc
8,290
728
Heartland
Express,
Inc
11,590
3,420
*
Hertz
Global
Holdings,
Inc
55,712
505
*
Hub
Group,
Inc
(Class
A)
42,390
1,447
JB
Hunt
Transport
Services,
Inc
253,891
5,315
*
JetBlue
Airways
Corp
38,693
4,016
*,e
Joby
Aviation,
Inc
17,429
1,157
*
Kirby
Corp
80,643
2,433
Knight-Swift
Transportation
Holdings,
Inc
137,659
666
Landstar
System,
Inc
119,387
5,019
*
Lyft,
Inc
(Class
A)
46,526
796
Marten
Transport
Ltd
16,676
668
Matson,
Inc
39,860
TIAA-CREF
Life
Stock
Index
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
(continued)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
TRANSPORTATION—continued
4,011
Norfolk
Southern
Corp
$
850,332
1,737
Old
Dominion
Freight
Line
592,039
136
*
PAM
Transportation
Services,
Inc
3,894
580
*
Radiant
Logistics,
Inc
3,805
1,622
*
RXO,
Inc
31,856
775
Ryder
System,
Inc
69,161
1,291
e
Safe
Bulkers,
Inc
4,764
468
*
Saia,
Inc
127,333
932
Schneider
National,
Inc
24,931
802
*
Skywest,
Inc
17,780
10,244
Southwest
Airlines
Co
333,340
1,623
Spirit
Airlines,
Inc
27,867
383
*
Sun
Country
Airlines
Holdings,
Inc
7,851
2,215
*
TuSimple
Holdings,
Inc
3,256
31,989
*
Uber
Technologies,
Inc
1,014,051
10,650
Union
Pacific
Corp
2,143,419
5,488
*
United
Airlines
Holdings
Inc
242,844
12,447
United
Parcel
Service,
Inc
(Class
B)
2,414,593
122
Universal
Logistics
Holdings
Inc
3,556
1,147
Werner
Enterprises,
Inc
52,177
2,928
*
Wheels
Up
Experience,
Inc
1,853
1,622
*
XPO
Logistics,
Inc
51,742
TOTAL
TRANSPORTATION
12,608,862
UTILITIES
-
2
.7
%
11,476
AES
Corp
276,342
1,097
Allete,
Inc
70,614
4,194
Alliant
Energy
Corp
223,960
1,833
*
Altus
Power,
Inc
10,045
4,249
Ameren
Corp
367,071
8,719
American
Electric
Power
Co,
Inc
793,342
745
American
States
Water
Co
66,223
3,189
American
Water
Works
Co,
Inc
467,157
111
Artesian
Resources
Corp
6,145
2,236
Atmos
Energy
Corp
251,237
1,522
e
Avangrid,
Inc
60,697
1,326
Avista
Corp
56,289
1,043
Black
Hills
Corp
65,813
1,735
Brookfield
Infrastructure
Corp
79,914
2,251
Brookfield
Renewable
Corp
78,672
934
California
Water
Service
Group
54,359
10,119
Centerpoint
Energy,
Inc
298,106
358
Chesapeake
Utilities
Corp
45,820
545
Clearway
Energy,
Inc
(Class
A)
16,366
1,281
Clearway
Energy,
Inc
(Class
C)
40,134
4,975
CMS
Energy
Corp
305,366
6,042
Consolidated
Edison,
Inc
578,038
5,659
Constellation
Energy
Corp
444,232
14,528
Dominion
Energy,
Inc
812,260
3,346
DTE
Energy
Co
366,521
12,992
Duke
Energy
Corp
1,253,338
6,251
Edison
International
441,258
3,424
Entergy
Corp
368,902
3,872
Essential
Utilities
Inc
169,013
3,984
Evergy,
Inc
243,502
5,967
Eversource
Energy
466,977
16,521
Exelon
Corp
692,065
9,412
FirstEnergy
Corp
377,045
133
Global
Water
Resources,
Inc
1,653
2,117
Hawaiian
Electric
Industries,
Inc
81,293
960
Idacorp,
Inc
103,997
TIAA-CREF
Life
Stock
Index
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
UTILITIES—continued
685
MGE
Energy,
Inc
$
53,204
240
Middlesex
Water
Co
18,749
1,443
*
Montauk
Renewables,
Inc
11,356
1,427
National
Fuel
Gas
Co
82,395
1,561
New
Jersey
Resources
Corp
83,045
33,916
NextEra
Energy,
Inc
2,614,245
6,737
NiSource,
Inc
188,367
666
Northwest
Natural
Holding
Co
31,675
812
NorthWestern
Corp
46,982
4,112
NRG
Energy,
Inc
141,000
3,276
OGE
Energy
Corp
123,374
919
ONE
Gas,
Inc
72,812
751
Ormat
Technologies,
Inc
63,662
743
Otter
Tail
Corp
53,697
26,877
*,b
PG&E
Corp
434,601
1,897
Pinnacle
West
Capital
Corp
150,318
1,358
PNM
Resources,
Inc
66,107
1,712
Portland
General
Electric
Co
83,700
12,886
PPL
Corp
358,102
8,459
Public
Service
Enterprise
Group,
Inc
528,265
250
*
Pure
Cycle
Corp
2,363
5,404
Sempra
Energy
816,869
505
SJW
Corp
38,446
18,495
Southern
Co
1,286,882
1,078
Southwest
Gas
Holdings
Inc
67,321
880
Spire,
Inc
61,723
1,678
*,e
Sunnova
Energy
International,
Inc
26,210
3,513
UGI
Corp
122,112
537
Unitil
Corp
30,630
32
e
Via
Renewables,
Inc
588
7,448
Vistra
Energy
Corp
178,752
5,438
WEC
Energy
Group,
Inc
515,468
9,168
Xcel
Energy,
Inc
618,290
203
York
Water
Co
9,074
TOTAL
UTILITIES
19,014,150
TOTAL
COMMON
STOCKS
688,513,786
(Cost
$253,500,600)
EXP
EXPIRATION
DATE
RIGHTS/WARRANTS
-
0.0%
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
-
0
.0
%
854
†
Chinook
Therapeutics,
Inc
0
145
†
Tobira
Therapeutics,
Inc
9
TOTAL
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
9
TOTAL
RIGHTS/WARRANTS
9
(Cost
$9)
PRINCIPAL
ISSUER
RATE
MATURITY
DATE
SHORT-TERM
INVESTMENTS
-
0.8%
REPURCHASE
AGREEMENT
-
0
.6
%
$
4,100,000
r
Fixed
Income
Clearing
Corp
(FICC)
4
.820
%
04/03/23
4,100,000
TOTAL
REPURCHASE
AGREEMENT
4,100,000
TIAA-CREF
Life
Stock
Index
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
(continued)
SHARES
COMPANY
RATE
EXP
VALUE
INVESTMENTS
IN
REGISTERED
INVESTMENT
COMPANIES
-
0
.2
%
1,633,010
c
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
4
.550
%
$
1,633,010
TOTAL
INVESTMENTS
IN
REGISTERED
INVESTMENT
COMPANIES
1,633,010
TOTAL
SHORT-TERM
INVESTMENTS
5,733,010
(Cost
$5,733,010)
TOTAL
INVESTMENTS
-
100.4%
694,246,805
(Cost
$259,233,619)
OTHER
ASSETS
&
LIABILITIES,
NET
-
(0.4)%
(
2,694,159
)
NET
ASSETS
-
100.0%
$
691,552,646
REIT
Real
Estate
Investment
Trust
*
Non-income
producing
†
For
fair
value
measurement
disclosure
purposes,
investment
classified
as
Level
3.
b
In
bankruptcy
c
Investments
made
with
cash
collateral
received
from
securities
on
loan.
d
All
or
a
portion
of
these
securities
have
been
segregated
to
cover
margin
requirements
on
open
futures
contracts.
e
All
or
a
portion
of
these
securities
are
out
on
loan.
The
aggregate
value
of
securities
on
loan
is
$2,440,179.
r
Agreement
with
Fixed
Income
Clearing
Corp
(FICC),
4.820%
dated
3/31/23
to
be
repurchased
at
$4,100,000
on
4/3/23,
collateralized
by
Government
Agency
Securities,
with
coupon
rate
0.375%
and
maturity
date
7/15/25,
valued
at
$4,182,091.
Futures
contracts
outstanding
as
of
March
31,
2023
were
as
follows:
Description
Number
of
long
(short)
contracts
Expiration
date
Notional
amount
Value
Unrealized
appreciation
(depreciation)
CME
E-Mini
Standard
&
Poor's
500
Index
Future
19
06/16/23
$
3,732,943
$
3,930,863
$
197,920
Portfolio
of
Investments
(unaudited)
TIAA-CREF
Life
International
Equity
Fund
March
31,
2023
SHARES
COMPANY
VALUE
COMMON
STOCKS
-
97.7%
AUSTRALIA
-
6
.1
%
88,423
BHP
Billiton
Ltd
$
2,795,398
32,376
Commonwealth
Bank
of
Australia
2,137,642
272,437
Glencore
Xstrata
plc
1,567,661
9,267
Rio
Tinto
plc
629,025
39,413
Woodside
Energy
Group
Ltd
880,492
TOTAL
AUSTRALIA
8,010,218
BRAZIL
-
1
.2
%
256,751
Banco
Bradesco
S.A.
(Preference)
667,149
177,200
Itau
Unibanco
Holding
S.A.
864,944
TOTAL
BRAZIL
1,532,093
CHINA
-
0
.7
%
9,113
*
Alibaba
Group
Holding
Ltd
(ADR)
931,166
TOTAL
CHINA
931,166
DENMARK
-
5
.0
%
11,268
DSV
AS
2,184,836
27,563
Novo
Nordisk
AS
4,377,591
TOTAL
DENMARK
6,562,427
FINLAND
-
1
.2
%
150,632
Nordea
Bank
Abp
1,609,505
TOTAL
FINLAND
1,609,505
FRANCE
-
13
.6
%
24,319
Airbus
SE
3,248,227
14,845
BNP
Paribas
S.A.
886,507
38,530
Compagnie
de
Saint-Gobain
2,190,183
12,629
Essilor
International
S.A.
2,277,296
3,684
Kering
2,403,543
2,285
LVMH
Moet
Hennessy
Louis
Vuitton
S.A.
2,097,421
41,802
Total
S.A.
2,464,799
15,192
Vinci
S.A.
1,741,646
45,695
Vivendi
Universal
S.A.
462,047
TOTAL
FRANCE
17,771,669
GERMANY
-
8
.6
%
49,712
Bayer
AG.
3,175,682
29,081
Deutsche
Post
AG.
1,362,027
3,335
*
Dr
ING
hc
F
Porsche
AG.
428,045
18,713
HeidelbergCement
AG.
1,366,370
38,098
RWE
AG.
1,639,294
20,112
Siemens
AG.
3,258,222
TOTAL
GERMANY
11,229,640
HONG
KONG
-
0
.5
%
16,199
Hong
Kong
Exchanges
and
Clearing
Ltd
718,016
TOTAL
HONG
KONG
718,016
IRELAND
-
1
.9
%
48,595
CRH
plc
2,455,033
TOTAL
IRELAND
2,455,033
ITALY
-
2
.3
%
151,595
Enel
S.p.A.
924,570
29,799
Moncler
S.p.A
2,058,261
TOTAL
ITALY
2,982,831
TIAA-CREF
Life
International
Equity
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
(continued)
SHARES
COMPANY
VALUE
JAPAN
-
20
.7
%
102,800
Daiichi
Sankyo
Co
Ltd
$
3,749,901
8,884
Daikin
Industries
Ltd
1,593,848
62,251
*
Hitachi
Ltd
3,421,357
3,200
Keyence
Corp
1,568,347
173,000
Mitsubishi
UFJ
Financial
Group,
Inc
1,108,700
42,740
Nintendo
Co
Ltd
1,660,088
66,300
ORIX
Corp
1,093,155
52,700
Recruit
Holdings
Co
Ltd
1,449,726
49,900
e
SBI
Holdings,
Inc
991,006
27,900
Shiseido
Co
Ltd
1,308,042
40,492
Sony
Corp
3,688,148
60,000
Sumitomo
Mitsui
Financial
Group,
Inc
2,401,054
208,315
*
Toyota
Motor
Corp
2,965,447
TOTAL
JAPAN
26,998,819
KOREA,
REPUBLIC
OF
-
0
.8
%
1,833
LG
Chem
Ltd
1,006,672
TOTAL
KOREA,
REPUBLIC
OF
1,006,672
MEXICO
-
0
.5
%
6,749
Fomento
Economico
Mexicano
SAB
de
C.V.
(ADR)
642,437
TOTAL
MEXICO
642,437
NETHERLANDS
-
11
.1
%
4,209
ASML
Holding
NV
2,868,214
22,140
Heineken
NV
2,378,960
158,997
ING
Groep
NV
1,888,142
443,844
Koninklijke
KPN
NV
1,568,353
162,540
Shell
plc
4,632,158
45,694
Universal
Music
Group
NV
1,157,189
TOTAL
NETHERLANDS
14,493,016
NORWAY
-
1
.4
%
63,531
Equinor
ASA
1,806,084
TOTAL
NORWAY
1,806,084
SPAIN
-
1
.5
%
282,350
e
Banco
Bilbao
Vizcaya
Argentaria
S.A.
2,018,621
TOTAL
SPAIN
2,018,621
SWITZERLAND
-
5
.0
%
2,732
Lonza
Group
AG.
1,644,663
33,006
Novartis
AG.
3,030,562
3,868
Zurich
Insurance
Group
AG
1,853,540
TOTAL
SWITZERLAND
6,528,765
TAIWAN
-
1
.2
%
16,872
Taiwan
Semiconductor
Manufacturing
Co
Ltd
(ADR)
1,569,433
TOTAL
TAIWAN
1,569,433
UNITED
KINGDOM
-
9
.7
%
31,698
Ashtead
Group
plc
1,946,411
36,013
AstraZeneca
plc
4,989,755
170,300
BP
plc
1,076,385
29,229
Diageo
plc
1,304,479
28,117
Reckitt
Benckiser
Group
plc
2,139,070
22,596
Unilever
plc
1,170,902
TOTAL
UNITED
KINGDOM
12,627,002
UNITED
STATES
-
4
.7
%
477,913
Haleon
plc
1,898,477
TIAA-CREF
Life
International
Equity
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
SHARES
COMPANY
VALUE
UNITED
STATES—continued
8,234
Linde
plc
$
2,894,139
10,959
Nestle
S.A.
1,336,236
TOTAL
UNITED
STATES
6,128,852
TOTAL
COMMON
STOCKS
127,622,299
(Cost
$110,334,810)
PRINCIPAL
ISSUER
REFERENCERATE
&
SPREAD
RATE
MATURITY
DATE
SHORT-TERM
INVESTMENTS
-
4.2%
REPURCHASE
AGREEMENT
-
2
.7
%
$
3,550,000
r
Fixed
Income
Clearing
Corp
(FICC)
4
.820
%
04/03/23
3,550,000
TOTAL
REPURCHASE
AGREEMENT
3,550,000
SHARES
COMPANY
INVESTMENTS
IN
REGISTERED
INVESTMENT
COMPANIES
-
1
.5
%
1,931,769
c
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
4
.550
1,931,769
TOTAL
INVESTMENTS
IN
REGISTERED
INVESTMENT
COMPANIES
1,931,769
TOTAL
SHORT-TERM
INVESTMENTS
5,481,769
(Cost
$5,481,769)
TOTAL
INVESTMENTS
-
101.9%
133,104,068
(Cost
$115,816,579)
OTHER
ASSETS
&
LIABILITIES,
NET
-
(1.9)%
(
2,431,305
)
NET
ASSETS
-
100.0%
$
130,672,763
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
$2,779,530.
r
Agreement
with
Fixed
Income
Clearing
Corp
(FICC),
4.820%
dated
3/31/23
to
be
repurchased
at
$3,550,000
on
4/3/23,
collateralized
by
Government
Agency
Securities,
with
coupon
rate
0.375%
and
maturity
date
7/15/25,
valued
at
$3,621,061.
TIAA-CREF
Life
Core
Bond
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
PRINCIPAL
ISSUER
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
BANK
LOAN
OBLIGATIONS
-
1.9%
CAPITAL
GOODS
-
0
.1
%
$
48,378
i
Clydesdale
Acquisition
Holdings,
Inc
SOFR
12M
+
4.175%
9
.082
%
04/13/29
$
47,356
15,212
i
Sensata
Technologies,
Inc
LIBOR
12
M
+
1.750%
6
.511
09/20/26
15,203
95,784
i
TransDigm,
Inc
LIBOR
3
M
+
2.250%
5
.924
08/22/24
95,822
TOTAL
CAPITAL
GOODS
158,381
COMMERCIAL
&
PROFESSIONAL
SERVICES
-
0
.2
%
70,777
i
Dun
&
Bradstreet
Corp
LIBOR
12
M
+
3.250%
8
.095
02/06/26
70,762
37,000
h,i
EAB
Global,
Inc
LIBOR
12
M
+
3.500%
8
.340
08/16/28
36,251
37,394
i
GFL
Environmental,
Inc
LIBOR
3
M
+
3.000%
3
.000
05/30/25
37,470
38,500
i
Sedgwick
Claims
Management
Services,
Inc
0
.000
02/24/28
38,099
73,688
i
Spin
Holdco,
Inc
LIBOR
4
M
+
4.000%
8
.986
03/04/28
62,160
87,346
i
Trans
Union
LLC
LIBOR
12
M
+
1.750%
6
.590
11/16/26
86,879
51,607
i
Trans
Union
LLC
LIBOR
12
M
+
2.250%
7
.090
12/01/28
51,306
TOTAL
COMMERCIAL
&
PROFESSIONAL
SERVICES
382,927
CONSUMER
SERVICES
-
0
.2
%
74,807
i
1011778
BC
ULC
LIBOR
12
M
+
1.750%
6
.590
11/19/26
74,215
100,000
i
Caesars
Entertainment,
Inc
SOFR
12M
+
3.250%
8
.157
02/06/30
99,666
38,403
i
Fertitta
Entertainment
LLC
SOFR
12M
+
4.000%
8
.807
01/27/29
37,897
98,250
i
IRB
Holding
Corp
SOFR
12M
+
3.000%
7
.907
12/15/27
96,769
44,290
i
KUEHG
Corp
LIBOR
4
M
+
3.750%
8
.909
02/21/25
43,583
68,950
i
Stars
Group
Holdings
BV
LIBOR
4
M
+
2.250%
7
.409
07/21/26
68,997
TOTAL
CONSUMER
SERVICES
421,127
DIVERSIFIED
FINANCIALS
-
0
.0
%
33,362
i
Lions
Gate
Capital
Holdings
LLC
LIBOR
12
M
+
2.250%
7
.090
03/24/25
32,917
TOTAL
DIVERSIFIED
FINANCIALS
32,917
ENERGY
-
0
.1
%
72,949
i
Buckeye
Partners
LP
LIBOR
12
M
+
2.250%
7
.090
11/01/26
72,868
19,949
i
Oryx
Midstream
Services
Permian
Basin
LLC
0
.000
10/05/28
19,642
TOTAL
ENERGY
92,510
FOOD,
BEVERAGE
&
TOBACCO
-
0
.3
%
145,875
i
Froneri
US,
Inc
LIBOR
4
M
+
2.250%
7
.409
01/29/27
144,150
98,500
i
Hayward
Industries,
Inc
LIBOR
12
M
+
2.500%
7
.340
05/30/28
96,007
77,951
i
Hearthside
Food
Solutions
LLC
LIBOR
12
M
+
3.688%
8
.528
05/23/25
67,263
113,829
i
Hostess
Brands
LLC
LIBOR
4
M
+
2.250%
7
.075
08/03/25
114,036
130,673
i
Triton
Water
Holdings,
Inc
LIBOR
4
M
+
3.500%
8
.659
03/31/28
117,810
TOTAL
FOOD,
BEVERAGE
&
TOBACCO
539,266
HEALTH
CARE
EQUIPMENT
&
SERVICES
-
0
.1
%
28,338
i
Bausch
&
Lomb
Corp
SOFR
4M
+
3.250%
8
.457
05/10/27
27,590
97,750
i
Global
Medical
Response,
Inc
LIBOR
4
M
+
4.250%
9
.236
10/02/25
69,240
3,641
i
Grifols
Worldwide
Operations
USA,
Inc
LIBOR
12
M
+
2.000%
6
.840
11/15/27
3,573
38,500
i
ICU
Medical,
Inc
SOFR
4M
+
2.500%
7
.548
01/08/29
38,099
8,504
i
NMN
Holdings
III
Corp
LIBOR
12
+
3.750%
8
.590
11/13/25
7,282
39,630
i
NMN
Holdings
III
Corp
LIBOR
12
M
+
3.750%
8
.590
11/13/25
33,933
TOTAL
HEALTH
CARE
EQUIPMENT
&
SERVICES
179,717
INSURANCE
-
0
.1
%
95,791
i
Acrisure
LLC
LIBOR
12
M
+
3.500%
8
.340
02/15/27
92,957
97,000
i
NFP
Corp
LIBOR
12
M
+
3.250%
8
.090
02/15/27
94,838
38,404
i
USI,
Inc
SOFR
4M
+
3.750%
8
.648
11/22/29
38,342
TOTAL
INSURANCE
226,137
MATERIALS
-
0
.1
%
98,250
i
Eco
Services
Operations
Corp
LIBOR
4
M
+
2.500%
7
.325
06/09/28
97,636
TIAA-CREF
Life
Core
Bond
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
PRINCIPAL
ISSUER
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
MATERIALS—continued
$
15,689
i
Messer
Industries
USA,
Inc
SOFR
4M
+
2.500%
7
.660
%
03/02/26
$
15,675
TOTAL
MATERIALS
113,311
MEDIA
&
ENTERTAINMENT
-
0
.5
%
75,000
h,i
Centuri
Group,
Inc
LIBOR
4
M
+
2.500%
7
.453
08/27/28
74,555
63,063
h,i
CNT
Holdings
I
Corp
LIBOR
1
M
+
3.500%
3
.500
11/08/27
62,180
60,550
i
DIRECTV
Financing
LLC
LIBOR
12
M
+
5.000%
9
.840
08/02/27
58,410
98,250
i
INEOS
US
Petrochem
LLC
LIBOR
1
M
+
2.750%
7
.134
01/29/26
97,415
38,403
i
Mozart
Borrower
LP
LIBOR
12
M
+
3.250%
8
.090
10/23/28
37,494
49,853
i
Nascar
Holdings,
Inc
LIBOR
12
M
+
2.500%
7
.340
10/19/26
49,930
88,027
i
Phoenix
Newco,
Inc
LIBOR
12
M
+
3.250%
8
.090
11/15/28
87,164
98,000
i
Rackspace
Technology
Global,
Inc
LIBOR
4
M
+
2.750%
7
.595
02/15/28
53,283
140,752
i
Ryan
Specialty
Group
LLC
SOFR
12M
+
3.000%
7
.907
09/01/27
140,796
118,750
i
SkyMiles
IP
Ltd
LIBOR
4
M
+
3.750%
8
.558
10/20/27
123,263
15,000
h,i
TricorBraun
Holdings,
Inc
LIBOR
12
M
+
3.250%
8
.090
03/03/28
14,681
50,000
i
Virgin
Media
Bristol
LLC
LIBOR
12
M
+
2.500%
7
.184
01/31/28
49,300
43,120
i
Woof
Holdings,
Inc
LIBOR
12
M
+
3.750%
8
.529
12/21/27
41,395
TOTAL
MEDIA
&
ENTERTAINMENT
889,866
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
-
0
.0
%
74,793
i
Elanco
Animal
Health
Inc
LIBOR
1
M
+
1.750%
1
.750
08/01/27
73,291
TOTAL
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
73,291
REAL
ESTATE
-
0
.1
%
91,297
i
Cushman
&
Wakefield
plc
LIBOR
12
M
+
2.750%
7
.590
08/21/25
89,288
TOTAL
REAL
ESTATE
89,288
RETAILING
-
0
.0
%
38,500
h,i
Epicor
Software
Corp
LIBOR
12
M
+
3.250%
8
.090
07/30/27
37,890
18,952
i
PetSmart,
Inc
SOFR
12M
+
3.750%
8
.657
02/11/28
18,829
TOTAL
RETAILING
56,719
SOFTWARE
&
SERVICES
-
0
.1
%
35,000
h,i
Boxer
Parent
Co,
Inc
LIBOR
12
M
+
3.750%
8
.590
10/02/25
34,618
21,705
i
Camelot
Finance
S.A.
LIBOR
12
M
+
3.000%
7
.840
10/30/26
21,685
38,403
i
Instructure
Holdings,
Inc
LIBOR
4
M
+
2.750%
7
.852
10/30/28
38,259
72,544
i
Rocket
Software,
Inc
LIBOR
12
M
+
4.250%
9
.090
11/28/25
71,374
75,000
h,i
UKG,
Inc
LIBOR
6
M
+
3.250%
8
.032
05/04/26
73,207
TOTAL
SOFTWARE
&
SERVICES
239,143
TRANSPORTATION
-
0
.0
%
29,775
i
Air
Canada
LIBOR
4
M
+
3.500%
8
.369
08/11/28
29,766
21,250
i
Mileage
Plus
Holdings
LLC
LIBOR
4
M
+
5.250%
10
.213
06/21/27
22,088
TOTAL
TRANSPORTATION
51,854
UTILITIES
-
0
.0
%
37,000
h,i
BroadStreet
Partners,
Inc
LIBOR
12
M
+
3.000%
7
.840
01/27/27
36,315
11,970
i
BroadStreet
Partners,
Inc
LIBOR
1
M
+
3.250%
8
.090
01/27/27
11,738
30,654
i
Energizer
Holdings,
Inc
SOFR
12M
+
2.250%
7
.116
12/22/27
30,482
TOTAL
UTILITIES
78,535
TOTAL
BANK
LOAN
OBLIGATIONS
3,624,989
(Cost
$3,744,125)
TIAA-CREF
Life
Core
Bond
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
(continued)
PRINCIPAL
ISSUER
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
BONDS
-
96.6%
CORPORATE
BONDS
-
37
.4
%
AUTOMOBILES
&
COMPONENTS
-
0
.4
%
$
5,000
Dana,
Inc
5
.375
%
11/15/27
$
4,665
25,000
Dana,
Inc
4
.250
09/01/30
20,038
110,000
e
Ford
Motor
Co
6
.100
08/19/32
106,596
100,000
e,g
Gates
Global
LLC
6
.250
01/15/26
98,250
100,000
General
Motors
Co
6
.125
10/01/25
101,888
125,000
e
General
Motors
Co
5
.400
10/15/29
123,861
125,000
General
Motors
Co
5
.200
04/01/45
105,292
100,000
Goodyear
Tire
&
Rubber
Co
5
.250
04/30/31
87,895
200,000
g
Hyundai
Capital
Services,
Inc
2
.125
04/24/25
187,555
TOTAL
AUTOMOBILES
&
COMPONENTS
836,040
BANKS
-
8
.4
%
200,000
g
Banco
de
Credito
e
Inversiones
S.A.
2
.875
10/14/31
162,000
200,000
Banco
Santander
S.A.
5
.294
08/18/27
196,849
200,000
Banco
Santander
S.A.
4
.750
N/A‡
155,250
200,000
g
Bangkok
Bank
PCL
3
.466
09/23/36
163,231
200,000
g
Bank
Hapoalim
BM
3
.255
01/21/32
166,368
200,000
g
Bank
Leumi
Le-Israel
BM
3
.275
01/29/31
173,716
950,000
Bank
of
America
Corp
0
.810
10/24/24
923,283
200,000
Bank
of
America
Corp
6
.204
11/10/28
209,076
1,000,000
Bank
of
America
Corp
2
.592
04/29/31
846,862
500,000
Bank
of
America
Corp
1
.922
10/24/31
398,792
275,000
Bank
of
America
Corp
2
.572
10/20/32
224,761
200,000
Bank
of
America
Corp
2
.972
02/04/33
168,408
200,000
Bank
of
America
Corp
3
.846
03/08/37
170,498
350,000
Bank
of
America
Corp
2
.676
06/19/41
247,378
400,000
Bank
of
America
Corp
6
.100
N/A‡
392,132
55,000
Bank
of
Montreal
3
.803
12/15/32
49,663
100,000
Barclays
plc
2
.279
11/24/27
87,825
300,000
Barclays
plc
3
.330
11/24/42
215,296
150,000
g
BNP
Paribas
S.A.
2
.819
11/19/25
142,530
300,000
g
BNP
Paribas
S.A.
1
.904
09/30/28
255,126
200,000
g
BNP
Paribas
S.A.
7
.750
N/A‡
191,440
200,000
g
BNP
Paribas
S.A.
7
.375
N/A‡
189,818
500,000
Citigroup,
Inc
3
.200
10/21/26
471,703
175,000
Citigroup,
Inc
4
.300
11/20/26
169,273
95,000
Citigroup,
Inc
4
.450
09/29/27
92,121
140,000
Citigroup,
Inc
2
.572
06/03/31
118,119
300,000
Citigroup,
Inc
4
.910
05/24/33
294,460
1,475,000
Citigroup,
Inc
6
.270
11/17/33
1,595,219
325,000
g
Cooperatieve
Rabobank
UA
1
.339
06/24/26
296,825
150,000
g
Credit
Agricole
S.A.
3
.250
10/04/24
144,730
200,000
g
Development
Bank
of
Kazakhstan
JSC
5
.750
05/12/25
200,500
150,000
Discover
Bank
2
.450
09/12/24
142,176
150,000
Discover
Bank
3
.450
07/27/26
138,477
250,000
Discover
Bank
2
.700
02/06/30
202,657
385,000
HSBC
Holdings
plc
4
.292
09/12/26
368,655
500,000
HSBC
Holdings
plc
2
.251
11/22/27
443,389
50,000
HSBC
Holdings
plc
2
.013
09/22/28
42,832
475,000
HSBC
Holdings
plc
7
.390
11/03/28
505,558
550,000
HSBC
Holdings
plc
6
.000
N/A‡
495,484
150,000
JPMorgan
Chase
&
Co
2
.700
05/18/23
149,517
200,000
JPMorgan
Chase
&
Co
2
.301
10/15/25
191,247
250,000
JPMorgan
Chase
&
Co
3
.200
06/15/26
239,566
125,000
JPMorgan
Chase
&
Co
4
.323
04/26/28
121,934
275,000
JPMorgan
Chase
&
Co
3
.702
05/06/30
255,636
TIAA-CREF
Life
Core
Bond
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
PRINCIPAL
ISSUER
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
BANKS—continued
$
400,000
JPMorgan
Chase
&
Co
1
.953
%
02/04/32
$
321,800
125,000
e
JPMorgan
Chase
&
Co
4
.912
07/25/33
124,243
50,000
JPMorgan
Chase
&
Co
2
.525
11/19/41
34,511
250,000
JPMorgan
Chase
&
Co
3
.157
04/22/42
189,962
160,000
JPMorgan
Chase
&
Co
3
.650
N/A‡
140,000
100,000
JPMorgan
Chase
&
Co
5
.000
N/A‡
96,010
363,000
JPMorgan
Chase
&
Co
6
.100
N/A‡
354,606
300,000
Lloyds
Banking
Group
plc
6
.750
N/A‡
271,619
200,000
Lloyds
Banking
Group
plc
7
.500
N/A‡
185,564
250,000
M&T
Bank
Corp
3
.500
N/A‡
175,998
200,000
NatWest
Group
plc
5
.516
09/30/28
198,169
250,000
g
NBK
SPC
Ltd
1
.625
09/15/27
222,188
125,000
PNC
Financial
Services
Group,
Inc
6
.200
N/A‡
117,606
200,000
Toronto-Dominion
Bank
4
.285
09/13/24
197,689
100,000
Toronto-Dominion
Bank
3
.625
09/15/31
94,155
200,000
Truist
Financial
Corp
4
.950
N/A‡
184,856
200,000
g
UBS
Group
AG.
1
.494
08/10/27
172,211
200,000
g
UBS
Group
AG.
3
.179
02/11/43
142,323
50,000
Wells
Fargo
&
Co
3
.750
01/24/24
49,395
100,000
Wells
Fargo
&
Co
3
.550
09/29/25
96,153
100,000
Wells
Fargo
&
Co
3
.526
03/24/28
94,349
375,000
Wells
Fargo
&
Co
2
.393
06/02/28
337,672
250,000
Wells
Fargo
&
Co
3
.900
N/A‡
220,678
TOTAL
BANKS
16,432,137
CAPITAL
GOODS
-
1
.0
%
450,000
Boeing
Co
2
.196
02/04/26
417,527
200,000
Boeing
Co
2
.950
02/01/30
176,502
25,000
Boeing
Co
3
.250
02/01/35
20,411
75,000
Boeing
Co
5
.705
05/01/40
75,871
150,000
Boeing
Co
5
.805
05/01/50
151,000
62,000
g
H&E
Equipment
Services,
Inc
3
.875
12/15/28
54,333
50,000
Lockheed
Martin
Corp
1
.850
06/15/30
42,433
175,000
Northrop
Grumman
Corp
3
.250
01/15/28
166,279
175,000
Raytheon
Technologies
Corp
4
.125
11/16/28
172,483
50,000
Raytheon
Technologies
Corp
2
.250
07/01/30
42,830
350,000
Raytheon
Technologies
Corp
5
.150
02/27/33
364,246
200,000
g
TSMC
Global
Ltd
1
.000
09/28/27
172,175
15,000
g
WESCO
Distribution,
Inc
7
.250
06/15/28
15,402
TOTAL
CAPITAL
GOODS
1,871,492
COMMERCIAL
&
PROFESSIONAL
SERVICES
-
0
.3
%
40,000
g
ADT
Corp
4
.875
07/15/32
35,292
15,000
g
ASGN,
Inc
4
.625
05/15/28
13,997
13,000
g
Booz
Allen
Hamilton,
Inc
3
.875
09/01/28
11,863
25,000
g
Booz
Allen
Hamilton,
Inc
4
.000
07/01/29
22,560
35,000
g
Garda
World
Security
Corp
7
.750
02/15/28
34,496
10,000
g
GFL
Environmental,
Inc
4
.250
06/01/25
9,757
65,000
g
GFL
Environmental,
Inc
5
.125
12/15/26
63,555
31,000
g
GFL
Environmental,
Inc
3
.500
09/01/28
28,055
50,000
g
Prime
Security
Services
Borrower
LLC
5
.750
04/15/26
49,625
26,000
g
Prime
Security
Services
Borrower
LLC
3
.375
08/31/27
23,302
70,000
g
Prime
Security
Services
Borrower
LLC
6
.250
01/15/28
65,450
20,000
g
Ritchie
Bros
Auctioneers,
Inc
6
.750
03/15/28
20,597
30,000
g
Ritchie
Bros
Auctioneers,
Inc
7
.750
03/15/31
31,441
75,000
Verisk
Analytics,
Inc
3
.625
05/15/50
54,895
32,000
g
WASH
Multifamily
Acquisition,
Inc
5
.750
04/15/26
30,280
100,000
Waste
Management,
Inc
2
.500
11/15/50
64,942
TOTAL
COMMERCIAL
&
PROFESSIONAL
SERVICES
560,107
TIAA-CREF
Life
Core
Bond
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
(continued)
PRINCIPAL
ISSUER
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
CONSUMER
DURABLES
&
APPAREL
-
0
.0
%
$
8,000
Newell
Brands,
Inc
4
.875
%
06/01/25
$
7,799
50,000
Newell
Brands,
Inc
6
.375
09/15/27
50,463
TOTAL
CONSUMER
DURABLES
&
APPAREL
58,262
CONSUMER
SERVICES
-
0
.4
%
500,000
Anheuser-Busch
Cos
LLC
3
.650
02/01/26
490,756
37,000
g
Cedar
Fair
LP
5
.500
05/01/25
36,977
6,000
g
Hilton
Domestic
Operating
Co,
Inc
5
.750
05/01/28
6,000
74,000
g
Hilton
Domestic
Operating
Co,
Inc
3
.625
02/15/32
62,438
20,000
g
International
Game
Technology
plc
4
.125
04/15/26
19,305
60,000
g
International
Game
Technology
plc
6
.250
01/15/27
60,675
25,000
g
Marriott
Ownership
Resorts,
Inc
4
.500
06/15/29
21,281
125,000
McDonald's
Corp
4
.600
09/09/32
126,486
TOTAL
CONSUMER
SERVICES
823,918
DIVERSIFIED
FINANCIALS
-
3
.1
%
150,000
AerCap
Ireland
Capital
DAC
1
.750
01/30/26
134,312
275,000
AerCap
Ireland
Capital
DAC
3
.000
10/29/28
240,081
150,000
AerCap
Ireland
Capital
DAC
3
.300
01/30/32
124,264
150,000
e
AerCap
Ireland
Capital
DAC
3
.850
10/29/41
114,718
225,000
Bank
of
New
York
Mellon
Corp
4
.700
N/A‡
212,911
185,000
Capital
One
Financial
Corp
3
.950
N/A‡
138,519
200,000
Charles
Schwab
Corp
5
.375
N/A‡
189,500
30,000
g
Compass
Group
Diversified
Holdings
LLC
5
.250
04/15/29
26,412
125,000
g
Credit
Suisse
Group
AG.
1
.305
02/02/27
105,500
250,000
g
Credit
Suisse
Group
AG.
6
.442
08/11/28
247,950
200,000
Credit
Suisse
Group
Funding
Guernsey
Ltd
3
.800
06/09/23
195,999
150,000
Credit
Suisse
Group
Funding
Guernsey
Ltd
3
.750
03/26/25
137,995
150,000
Deutsche
Bank
AG.
5
.371
09/09/27
147,001
100,000
Deutsche
Bank
AG.
2
.311
11/16/27
84,743
200,000
Ford
Motor
Credit
Co
LLC
6
.950
03/06/26
203,000
200,000
Ford
Motor
Credit
Co
LLC
7
.350
03/06/30
205,500
350,000
General
Motors
Financial
Co,
Inc
2
.750
06/20/25
331,383
50,000
General
Motors
Financial
Co,
Inc
6
.050
10/10/25
50,816
275,000
General
Motors
Financial
Co,
Inc
5
.000
04/09/27
271,746
300,000
Goldman
Sachs
Group,
Inc
3
.500
04/01/25
291,301
300,000
Goldman
Sachs
Group,
Inc
4
.482
08/23/28
293,416
280,000
Goldman
Sachs
Group,
Inc
2
.615
04/22/32
233,237
50,000
Goldman
Sachs
Group,
Inc
4
.017
10/31/38
43,218
100,000
Goldman
Sachs
Group,
Inc
3
.436
02/24/43
77,064
50,000
Icahn
Enterprises
LP
5
.250
05/15/27
46,916
38,000
Icahn
Enterprises
LP
4
.375
02/01/29
32,680
200,000
g
Indian
Railway
Finance
Corp
Ltd
3
.249
02/13/30
174,876
68,000
g
LPL
Holdings,
Inc
4
.000
03/15/29
61,200
150,000
Morgan
Stanley
2
.720
07/22/25
144,574
125,000
Morgan
Stanley
2
.188
04/28/26
117,282
575,000
Morgan
Stanley
3
.125
07/27/26
544,546
250,000
Morgan
Stanley
1
.512
07/20/27
222,168
75,000
Morgan
Stanley
1
.794
02/13/32
58,880
60,000
Northern
Trust
Corp
4
.600
N/A‡
54,663
200,000
g
Power
Finance
Corp
Ltd
3
.950
04/23/30
176,146
200,000
g
Societe
Generale
S.A.
4
.027
01/21/43
133,450
15,000
Springleaf
Finance
Corp
5
.375
11/15/29
12,619
200,000
g
Swiss
Re
Finance
Luxembourg
SA
5
.000
04/02/49
187,500
TOTAL
DIVERSIFIED
FINANCIALS
6,068,086
ENERGY
-
3
.4
%
19,000
g
Archrock
Partners
LP
6
.250
04/01/28
18,240
100,000
Cenovus
Energy,
Inc
2
.650
01/15/32
82,524
100,000
e
Diamondback
Energy,
Inc
3
.125
03/24/31
86,714
TIAA-CREF
Life
Core
Bond
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
PRINCIPAL
ISSUER
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
ENERGY—continued
$
100,000
Diamondback
Energy,
Inc
4
.250
%
03/15/52
$
78,457
35,000
g
DT
Midstream,
Inc
4
.125
06/15/29
30,685
30,000
g
DT
Midstream,
Inc
4
.375
06/15/31
26,136
45,000
Ecopetrol
S.A.
6
.875
04/29/30
41,481
200,000
Ecopetrol
S.A.
4
.625
11/02/31
153,894
250,000
Enbridge,
Inc
5
.700
03/08/33
260,036
150,000
Enbridge,
Inc
5
.750
07/15/80
133,454
33,000
g
Energean
Israel
Finance
Ltd
4
.875
03/30/26
30,573
100,000
Energy
Transfer
Operating
LP
2
.900
05/15/25
95,299
50,000
Energy
Transfer
Operating
LP
4
.750
01/15/26
49,379
100,000
Energy
Transfer
Operating
LP
5
.500
06/01/27
101,073
150,000
Energy
Transfer
Operating
LP
4
.950
06/15/28
148,960
100,000
Energy
Transfer
Operating
LP
6
.250
04/15/49
99,073
175,000
Energy
Transfer
Operating
LP
5
.000
05/15/50
149,367
6,000
g
EnLink
Midstream
LLC
5
.625
01/15/28
5,880
80,000
g
EnLink
Midstream
LLC
6
.500
09/01/30
80,897
100,000
Enterprise
Products
Operating
LLC
3
.700
02/15/26
97,641
100,000
Enterprise
Products
Operating
LLC
3
.125
07/31/29
91,611
100,000
Enterprise
Products
Operating
LLC
4
.250
02/15/48
85,210
100,000
Enterprise
Products
Operating
LLC
4
.200
01/31/50
84,844
100,000
Enterprise
Products
Operating
LLC
3
.200
02/15/52
71,127
25,000
Enterprise
Products
Operating
LLC
3
.300
02/15/53
18,085
100,000
g
EQM
Midstream
Partners
LP
4
.500
01/15/29
85,000
25,000
g
EQT
Corp
3
.125
05/15/26
23,124
200,000
g
Galaxy
Pipeline
Assets
Bidco
Ltd
2
.625
03/31/36
164,175
10,000
g
Hilcorp
Energy
I
LP
5
.750
02/01/29
9,205
9,000
g
Hilcorp
Energy
I
LP
6
.000
02/01/31
8,287
50,000
g
Holly
Energy
Partners
LP
6
.375
04/15/27
49,444
75,000
Marathon
Petroleum
Corp
3
.800
04/01/28
71,492
100,000
Marathon
Petroleum
Corp
5
.000
09/15/54
86,003
150,000
MPLX
LP
1
.750
03/01/26
136,892
450,000
MPLX
LP
2
.650
08/15/30
381,609
125,000
MPLX
LP
4
.700
04/15/48
104,956
34,000
Murphy
Oil
Corp
5
.875
12/01/27
33,114
33,000
Occidental
Petroleum
Corp
5
.500
12/01/25
32,963
200,000
g
Oleoducto
Central
S.A.
4
.000
07/14/27
171,044
225,000
ONEOK,
Inc
4
.550
07/15/28
217,659
225,000
ONEOK,
Inc
4
.350
03/15/29
212,753
100,000
ONEOK,
Inc
4
.500
03/15/50
77,457
67,000
g
Parkland
Corp
4
.500
10/01/29
59,532
200,000
g
Pertamina
Persero
PT
1
.400
02/09/26
182,751
100,000
Petroleos
Mexicanos
5
.950
01/28/31
76,530
67,000
Petroleos
Mexicanos
6
.700
02/16/32
53,333
200,000
g
Petronas
Energy
Canada
Ltd
2
.112
03/23/28
180,828
200,000
Phillips
66
2
.150
12/15/30
165,043
100,000
Phillips
66
3
.300
03/15/52
70,687
200,000
g
Qatar
Petroleum
2
.250
07/12/31
169,955
200,000
g
S.A.
Global
Sukuk
Ltd
0
.946
06/17/24
190,557
175,000
Sabine
Pass
Liquefaction
LLC
5
.875
06/30/26
178,589
175,000
Sabine
Pass
Liquefaction
LLC
4
.200
03/15/28
168,123
50,000
g
Santos
Finance
Ltd
3
.649
04/29/31
41,760
200,000
g
Saudi
Arabian
Oil
Co
2
.250
11/24/30
168,672
125,000
Sunoco
Logistics
Partners
Operations
LP
4
.000
10/01/27
119,125
25,000
Sunoco
Logistics
Partners
Operations
LP
5
.400
10/01/47
22,223
23,000
Sunoco
LP
4
.500
05/15/29
21,110
100,000
Targa
Resources
Corp
4
.200
02/01/33
89,969
25,000
Targa
Resources
Partners
LP
6
.500
07/15/27
25,489
150,000
Total
Capital
International
S.A.
3
.127
05/29/50
111,199
200,000
TransCanada
Trust
5
.500
09/15/79
166,836
20,000
g
Transocean,
Inc
8
.750
02/15/30
20,400
TIAA-CREF
Life
Core
Bond
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
(continued)
PRINCIPAL
ISSUER
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
ENERGY—continued
$
40,000
USA
Compression
Partners
LP
6
.875
%
04/01/26
$
38,878
25,000
USA
Compression
Partners
LP
6
.875
09/01/27
23,890
300,000
Williams
Cos,
Inc
5
.650
03/15/33
309,816
TOTAL
ENERGY
6,641,112
FOOD
&
STAPLES
RETAILING
-
0
.2
%
70,000
g
Albertsons
Cos,
Inc
6
.500
02/15/28
70,175
60,000
Kroger
Co
3
.875
10/15/46
47,582
100,000
SYSCO
Corp
3
.150
12/14/51
69,878
100,000
Walmart,
Inc
1
.050
09/17/26
90,146
200,000
Walmart,
Inc
1
.800
09/22/31
169,146
TOTAL
FOOD
&
STAPLES
RETAILING
446,927
FOOD,
BEVERAGE
&
TOBACCO
-
1
.0
%
380,000
Anheuser-Busch
InBev
Worldwide,
Inc
4
.750
01/23/29
388,063
50,000
Anheuser-Busch
InBev
Worldwide,
Inc
4
.439
10/06/48
45,621
200,000
BAT
Capital
Corp
2
.259
03/25/28
171,470
100,000
BAT
Capital
Corp
4
.906
04/02/30
96,562
200,000
BAT
International
Finance
plc
4
.448
03/16/28
190,101
175,000
g
Cia
Cervecerias
Unidas
S.A.
3
.350
01/19/32
148,313
100,000
Constellation
Brands,
Inc
4
.400
11/15/25
98,644
100,000
Constellation
Brands,
Inc
3
.700
12/06/26
96,676
100,000
Constellation
Brands,
Inc
3
.150
08/01/29
91,427
100,000
Constellation
Brands,
Inc
2
.875
05/01/30
87,711
100,000
Constellation
Brands,
Inc
2
.250
08/01/31
82,155
100,000
Diageo
Capital
plc
2
.125
10/24/24
96,122
100,000
Diageo
Capital
plc
2
.375
10/24/29
87,865
200,000
Diageo
Capital
plc
2
.000
04/29/30
170,397
75,000
g
Primo
Water
Holdings,
Inc
4
.375
04/30/29
65,444
TOTAL
FOOD,
BEVERAGE
&
TOBACCO
1,916,571
HEALTH
CARE
EQUIPMENT
&
SERVICES
-
1
.4
%
60,000
Abbott
Laboratories
5
.300
05/27/40
64,458
100,000
Anthem,
Inc
2
.250
05/15/30
85,858
55,000
Becton
Dickinson
&
Co
2
.823
05/20/30
49,075
100,000
Boston
Scientific
Corp
2
.650
06/01/30
88,356
35,000
Centene
Corp
2
.450
07/15/28
30,450
180,000
Centene
Corp
3
.000
10/15/30
151,575
40,000
g
CHS/Community
Health
Systems,
Inc
5
.250
05/15/30
31,378
55,000
Cigna
Corp
3
.200
03/15/40
43,082
225,000
CVS
Health
Corp
3
.750
04/01/30
210,486
400,000
CVS
Health
Corp
1
.750
08/21/30
325,178
400,000
CVS
Health
Corp
4
.780
03/25/38
381,312
200,000
CVS
Health
Corp
5
.050
03/25/48
187,101
100,000
Elevance
Health,
Inc
5
.125
02/15/53
99,609
160,000
HCA,
Inc
5
.625
09/01/28
161,859
100,000
g
HCA,
Inc
3
.625
03/15/32
88,153
100,000
HCA,
Inc
5
.500
06/15/47
93,869
100,000
Humana,
Inc
3
.950
03/15/27
96,790
300,000
Humana,
Inc
2
.150
02/03/32
243,197
67,000
MPT
Operating
Partnership
LP
3
.500
03/15/31
45,104
10,000
Tenet
Healthcare
Corp
4
.625
06/15/28
9,224
80,000
Tenet
Healthcare
Corp
4
.375
01/15/30
71,800
240,000
UnitedHealth
Group,
Inc
2
.300
05/15/31
205,628
TOTAL
HEALTH
CARE
EQUIPMENT
&
SERVICES
2,763,542
HOUSEHOLD
&
PERSONAL
PRODUCTS
-
0
.1
%
100,000
Church
&
Dwight
Co,
Inc
2
.300
12/15/31
83,910
TIAA-CREF
Life
Core
Bond
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
PRINCIPAL
ISSUER
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
HOUSEHOLD
&
PERSONAL
PRODUCTS—continued
$
100,000
Church
&
Dwight
Co,
Inc
5
.000
%
06/15/52
$
99,249
TOTAL
HOUSEHOLD
&
PERSONAL
PRODUCTS
183,159
INSURANCE
-
1
.4
%
62,000
g
Acrisure
LLC
4
.250
02/15/29
52,855
85,000
g
Alliant
Holdings
Intermediate
LLC
6
.750
04/15/28
84,044
25,000
g
AmWINS
Group,
Inc
4
.875
06/30/29
22,125
250,000
Aon
Corp
5
.350
02/28/33
258,952
175,000
Aon
plc
3
.500
06/14/24
171,746
75,000
Berkshire
Hathaway
Finance
Corp
2
.875
03/15/32
67,446
75,000
Berkshire
Hathaway
Finance
Corp
3
.850
03/15/52
62,715
100,000
CNA
Financial
Corp
3
.950
05/15/24
98,406
100,000
g
Equitable
Financial
Life
Global
Funding
1
.400
07/07/25
92,487
500,000
Hartford
Financial
Services
Group,
Inc
2
.800
08/19/29
440,101
100,000
Hartford
Financial
Services
Group,
Inc
4
.300
04/15/43
84,423
100,000
Hartford
Financial
Services
Group,
Inc
2
.900
09/15/51
67,233
100,000
g
Liberty
Mutual
Group,
Inc
3
.951
10/15/50
75,741
100,000
g
Liberty
Mutual
Group,
Inc
5
.500
06/15/52
95,108
250,000
MetLife,
Inc
3
.600
04/10/24
245,925
100,000
MetLife,
Inc
5
.000
07/15/52
93,554
115,000
MetLife,
Inc
3
.850
N/A‡
101,321
150,000
PartnerRe
Finance
B
LLC
4
.500
10/01/50
124,500
180,000
Prudential
Financial,
Inc
5
.200
03/15/44
171,000
300,000
Prudential
Financial,
Inc
5
.125
03/01/52
264,327
100,000
Reinsurance
Group
of
America,
Inc
3
.900
05/15/29
94,271
TOTAL
INSURANCE
2,768,280
MATERIALS
-
1
.7
%
100,000
e
Albemarle
Corp
4
.650
06/01/27
98,351
200,000
Amcor
Flexibles
North
America,
Inc
2
.690
05/25/31
166,378
100,000
g
Anglo
American
Capital
plc
3
.875
03/16/29
91,965
200,000
g
Anglo
American
Capital
plc
2
.625
09/10/30
166,406
200,000
AngloGold
Ashanti
Holdings
plc
3
.750
10/01/30
174,945
38,000
Ball
Corp
2
.875
08/15/30
31,652
150,000
Bemis
Co,
Inc
2
.630
06/19/30
125,834
225,000
Berry
Global,
Inc
1
.570
01/15/26
204,257
150,000
Berry
Global,
Inc
1
.650
01/15/27
131,319
200,000
g
Celulosa
Arauco
y
Constitucion
S.A.
4
.250
04/30/29
183,994
200,000
g
Cemex
SAB
de
C.V.
5
.450
11/19/29
188,291
200,000
g
Corp
Nacional
del
Cobre
de
Chile
3
.150
01/14/30
179,272
200,000
g
FMG
Resources
August
2006
Pty
Ltd
5
.875
04/15/30
191,627
200,000
g
Freeport
Indonesia
PT
5
.315
04/14/32
186,218
200,000
g
GCC
SAB
de
C.V.
3
.614
04/20/32
167,804
35,000
g
Mauser
Packaging
Solutions
Holding
Co
7
.875
08/15/26
35,000
70,000
Newmont
Corp
2
.250
10/01/30
58,805
65,000
Newmont
Corp
2
.600
07/15/32
54,404
100,000
g
Nova
Chemicals
Corp
4
.875
06/01/24
98,657
100,000
Nutrien
Ltd
2
.950
05/13/30
88,027
200,000
g
OCP
S.A.
3
.750
06/23/31
163,287
200,000
g
Orbia
Advance
Corp
SAB
de
C.V.
1
.875
05/11/26
178,131
19,000
g
PolyOne
Corp
5
.750
05/15/25
18,801
200,000
Suzano
Austria
GmbH
3
.750
01/15/31
174,052
200,000
g
UltraTech
Cement
Ltd
2
.800
02/16/31
160,448
100,000
WRKCo,
Inc
3
.000
06/15/33
81,969
TOTAL
MATERIALS
3,399,894
MEDIA
&
ENTERTAINMENT
-
2
.2
%
100,000
Activision
Blizzard,
Inc
1
.350
09/15/30
81,003
100,000
g
Arches
Buyer,
Inc
4
.250
06/01/28
83,575
200,000
g
Cable
Onda
S.A.
4
.500
01/30/30
165,420
TIAA-CREF
Life
Core
Bond
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
(continued)
PRINCIPAL
ISSUER
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
MEDIA
&
ENTERTAINMENT—continued
$
100,000
g
CCO
Holdings
LLC
5
.125
%
05/01/27
$
94,500
100,000
Charter
Communications
Operating
LLC
4
.400
04/01/33
88,741
50,000
Charter
Communications
Operating
LLC
5
.125
07/01/49
39,578
600,000
Charter
Communications
Operating
LLC
4
.800
03/01/50
457,316
150,000
Comcast
Corp
4
.150
10/15/28
148,384
400,000
e
Comcast
Corp
1
.500
02/15/31
321,193
300,000
Comcast
Corp
3
.200
07/15/36
252,742
500,000
Comcast
Corp
2
.887
11/01/51
341,350
40,000
g
DIRECTV
Holdings
LLC
5
.875
08/15/27
36,228
250,000
GSK
Consumer
Healthcare
Capital
US
LLC
3
.375
03/24/27
237,023
250,000
GSK
Consumer
Healthcare
Capital
US
LLC
3
.625
03/24/32
227,048
15,000
Lamar
Media
Corp
3
.625
01/15/31
12,900
200,000
g
Magallanes,
Inc
3
.755
03/15/27
188,346
100,000
g
Magallanes,
Inc
4
.054
03/15/29
93,013
325,000
g
Magallanes,
Inc
5
.050
03/15/42
271,841
25,000
g
Magallanes,
Inc
5
.141
03/15/52
20,256
225,000
g
Misc
Capital
Two
Labuan
Ltd
3
.625
04/06/25
218,435
33,000
g
News
Corp
3
.875
05/15/29
29,329
200,000
g
POSCO
4
.500
08/04/27
196,373
100,000
S&P
Global,
Inc
4
.250
05/01/29
98,446
110,000
g
Sirius
XM
Radio,
Inc
4
.000
07/15/28
94,483
50,000
g
Sirius
XM
Radio,
Inc
4
.125
07/01/30
40,875
50,000
Time
Warner
Cable
LLC
5
.875
11/15/40
45,317
300,000
g,i
Vitality
Re
XIV
Ltd
U.S.
Treasury
Bill
3
M
+
3.500%
8
.184
01/05/27
299,640
200,000
e
Weibo
Corp
3
.375
07/08/30
162,730
TOTAL
MEDIA
&
ENTERTAINMENT
4,346,085
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
-
1
.4
%
100,000
AbbVie,
Inc
2
.850
05/14/23
99,705
525,000
AbbVie,
Inc
4
.050
11/21/39
468,948
450,000
Amgen,
Inc
5
.250
03/02/33
462,329
350,000
Amgen,
Inc
5
.650
03/02/53
364,245
125,000
AstraZeneca
Finance
LLC
1
.200
05/28/26
113,832
100,000
AstraZeneca
Finance
LLC
2
.250
05/28/31
86,035
150,000
AstraZeneca
plc
1
.375
08/06/30
122,278
30,000
g
Avantor
Funding,
Inc
4
.625
07/15/28
28,425
155,000
Bristol-Myers
Squibb
Co
2
.350
11/13/40
111,680
100,000
Bristol-Myers
Squibb
Co
2
.550
11/13/50
66,905
75,000
Danaher
Corp
2
.800
12/10/51
52,312
150,000
Eli
Lilly
&
Co
4
.875
02/27/53
155,101
100,000
Merck
&
Co,
Inc
2
.750
12/10/51
70,782
200,000
g
Organon
Finance LLC
5
.125
04/30/31
177,528
175,000
Takeda
Pharmaceutical
Co
Ltd
2
.050
03/31/30
147,769
150,000
Teva
Pharmaceutical
Finance
Netherlands
III
BV
3
.150
10/01/26
135,750
TOTAL
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
2,663,624
REAL
ESTATE
-
2
.5
%
150,000
Agree
LP
2
.000
06/15/28
127,112
100,000
Alexandria
Real
Estate
Equities,
Inc
3
.950
01/15/27
96,377
100,000
e
Alexandria
Real
Estate
Equities,
Inc
3
.950
01/15/28
94,665
100,000
Alexandria
Real
Estate
Equities,
Inc
4
.900
12/15/30
97,267
100,000
Alexandria
Real
Estate
Equities,
Inc
1
.875
02/01/33
74,911
100,000
American
Tower
Corp
2
.950
01/15/25
96,271
50,000
American
Tower
Corp
3
.375
10/15/26
47,373
150,000
American
Tower
Corp
3
.800
08/15/29
139,402
175,000
American
Tower
Corp
2
.900
01/15/30
152,192
50,000
American
Tower
Corp
2
.100
06/15/30
40,851
50,000
American
Tower
Corp
1
.875
10/15/30
39,656
150,000
Brandywine
Operating
Partnership
LP
4
.100
10/01/24
138,325
200,000
Brixmor
Operating
Partnership
LP
3
.850
02/01/25
191,870
TIAA-CREF
Life
Core
Bond
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
PRINCIPAL
ISSUER
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
REAL
ESTATE—continued
$
100,000
Brixmor
Operating
Partnership
LP
2
.250
%
04/01/28
$
85,746
50,000
Corporate
Office
Properties
LP
2
.750
04/15/31
37,044
245,000
Crown
Castle
International
Corp
2
.250
01/15/31
203,050
50,000
CubeSmart
LP
2
.250
12/15/28
42,922
50,000
Equinix,
Inc
2
.150
07/15/30
40,883
150,000
Essential
Properties
LP
2
.950
07/15/31
110,108
50,000
Essex
Portfolio
LP
3
.000
01/15/30
43,508
125,000
Federal
Realty
Investment
Trust
1
.250
02/15/26
114,045
175,000
Healthcare
Realty
Holdings
LP
3
.875
05/01/25
168,835
100,000
Healthcare
Realty
Holdings
LP
2
.400
03/15/30
79,858
100,000
Healthcare
Realty
Holdings
LP
2
.050
03/15/31
75,821
125,000
Healthcare
Trust
of
America
Holdings
LP
3
.500
08/01/26
116,278
50,000
Healthcare
Trust
of
America
Holdings
LP
3
.100
02/15/30
43,326
100,000
Highwoods
Realty
LP
3
.875
03/01/27
90,560
50,000
Highwoods
Realty
LP
2
.600
02/01/31
33,620
28,000
Kennedy-Wilson,
Inc
4
.750
03/01/29
22,260
29,000
Kennedy-Wilson,
Inc
5
.000
03/01/31
21,280
110,000
Life
Storage
LP
2
.400
10/15/31
88,662
100,000
Mid-America
Apartments
LP
4
.300
10/15/23
99,711
125,000
Mid-America
Apartments
LP
3
.750
06/15/24
122,805
200,000
Mid-America
Apartments
LP
2
.750
03/15/30
175,000
100,000
Mid-America
Apartments
LP
1
.700
02/15/31
79,236
100,000
Mid-America
Apartments
LP
2
.875
09/15/51
64,378
150,000
Regency
Centers
LP
3
.900
11/01/25
143,863
100,000
Regency
Centers
LP
3
.600
02/01/27
95,705
100,000
Regency
Centers
LP
2
.950
09/15/29
86,558
100,000
Retail
Properties
of
America,
Inc
4
.750
09/15/30
90,365
500,000
g
SBA
Tower
Trust
2
.836
01/15/25
473,637
420,000
g
SBA
Tower
Trust
1
.884
01/15/26
379,439
87,000
SITE
Centers
Corp
3
.625
02/01/25
82,313
100,000
Weingarten
Realty
Investors
3
.250
08/15/26
93,785
100,000
Weyerhaeuser
Co
4
.000
03/09/52
80,835
TOTAL
REAL
ESTATE
4,821,708
RETAILING
-
0
.6
%
25,000
e,g
Asbury
Automotive
Group,
Inc
4
.625
11/15/29
22,375
50,000
g
Asbury
Automotive
Group,
Inc
5
.000
02/15/32
43,800
100,000
AutoZone,
Inc
1
.650
01/15/31
79,625
100,000
Genuine
Parts
Co
2
.750
02/01/32
83,054
20,000
g
Hanesbrands,
Inc
9
.000
02/15/31
20,475
80,000
g
LCM
Investments
Holdings
II
LLC
4
.875
05/01/29
66,928
45,000
g
Lithia
Motors,
Inc
4
.625
12/15/27
41,860
38,000
g
Magic
Mergeco,
Inc
5
.250
05/01/28
31,671
125,000
O'Reilly
Automotive,
Inc
3
.600
09/01/27
120,669
100,000
O'Reilly
Automotive,
Inc
4
.200
04/01/30
96,165
250,000
O'Reilly
Automotive,
Inc
1
.750
03/15/31
201,054
200,000
g
Prosus
NV
4
.193
01/19/32
169,913
50,000
g
Staples,
Inc
7
.500
04/15/26
43,807
28,000
g
Superior
Plus
LP
4
.500
03/15/29
25,000
50,000
e
Target
Corp
4
.400
01/15/33
49,710
TOTAL
RETAILING
1,096,106
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
-
0
.5
%
18,000
g
Broadcom,
Inc
3
.187
11/15/36
13,641
465,000
g
Broadcom,
Inc
4
.926
05/15/37
422,864
115,000
NVIDIA
Corp
2
.000
06/15/31
96,754
100,000
NXP
BV
3
.875
06/18/26
96,573
100,000
NXP
BV
4
.400
06/01/27
98,791
100,000
NXP
BV
3
.400
05/01/30
89,919
TIAA-CREF
Life
Core
Bond
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
(continued)
PRINCIPAL
ISSUER
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT—continued
$
125,000
e
NXP
BV
3
.125
%
02/15/42
$
88,646
TOTAL
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
907,188
SOFTWARE
&
SERVICES
-
0
.7
%
105,000
Adobe,
Inc
2
.300
02/01/30
93,255
200,000
e,g
CA
Magnum
Holdings
5
.375
10/31/26
175,141
80,000
Fiserv,
Inc
3
.500
07/01/29
74,255
147,000
Microsoft
Corp
2
.525
06/01/50
104,014
90,000
g
NortonLifeLock,
Inc
6
.750
09/30/27
90,468
55,000
g
Open
Text
Corp
3
.875
12/01/29
46,298
15,000
g
Open
Text
Holdings,
Inc
4
.125
02/15/30
12,868
200,000
Oracle
Corp
4
.900
02/06/33
195,893
125,000
Oracle
Corp
5
.550
02/06/53
119,005
125,000
Roper
Technologies,
Inc
1
.400
09/15/27
108,382
75,000
Roper
Technologies,
Inc
2
.000
06/30/30
61,778
200,000
salesforce.com,
Inc
2
.700
07/15/41
150,245
50,000
Visa,
Inc
2
.700
04/15/40
39,708
TOTAL
SOFTWARE
&
SERVICES
1,271,310
TECHNOLOGY
HARDWARE
&
EQUIPMENT
-
0
.6
%
165,000
Amphenol
Corp
2
.800
02/15/30
148,007
175,000
Apple,
Inc
2
.450
08/04/26
166,568
575,000
Apple,
Inc
2
.050
09/11/26
537,724
60,000
Apple,
Inc
2
.650
02/08/51
42,045
65,000
Dell
International
LLC
5
.300
10/01/29
65,490
80,000
g
Imola
Merger
Corp
4
.750
05/15/29
71,567
50,000
g
Sensata
Technologies
BV
4
.000
04/15/29
45,174
TOTAL
TECHNOLOGY
HARDWARE
&
EQUIPMENT
1,076,575
TELECOMMUNICATION
SERVICES
-
2
.4
%
200,000
America
Movil
SAB
de
C.V.
4
.700
07/21/32
196,968
564,000
AT&T,
Inc
2
.550
12/01/33
453,654
150,000
AT&T,
Inc
4
.500
05/15/35
140,514
150,000
AT&T,
Inc
3
.500
06/01/41
118,378
730,000
AT&T,
Inc
3
.550
09/15/55
524,000
250,000
g
Bharti
Airtel
Ltd
3
.250
06/03/31
215,929
200,000
g
Empresa
Nacional
de
Telecomunicaciones
S.A.
3
.050
09/14/32
158,750
200,000
e,g
Millicom
International
Cellular
S.A.
4
.500
04/27/31
160,630
200,000
g
MTN
Mauritius
Investment
Ltd
6
.500
10/13/26
199,187
100,000
Telefonica
Emisiones
SAU
4
.103
03/08/27
96,751
100,000
e
Telefonica
Emisiones
SAU
4
.895
03/06/48
83,216
20,000
T-Mobile
USA,
Inc
2
.250
02/15/26
18,601
455,000
T-Mobile
USA,
Inc
2
.625
02/15/29
400,860
225,000
T-Mobile
USA,
Inc
3
.875
04/15/30
211,121
100,000
T-Mobile
USA,
Inc
3
.000
02/15/41
74,131
125,000
T-Mobile
USA,
Inc
3
.300
02/15/51
88,882
50,000
Verizon
Communications,
Inc
1
.680
10/30/30
40,359
25,000
Verizon
Communications,
Inc
1
.750
01/20/31
20,165
200,000
Verizon
Communications,
Inc
2
.550
03/21/31
170,378
575,000
Verizon
Communications,
Inc
2
.355
03/15/32
471,729
550,000
Verizon
Communications,
Inc
3
.400
03/22/41
437,279
200,000
g
Vmed
O2
UK
Financing
I
plc
4
.750
07/15/31
171,444
110,000
Vodafone
Group
plc
4
.375
02/19/43
93,385
150,000
Vodafone
Group
plc
4
.250
09/17/50
122,204
TOTAL
TELECOMMUNICATION
SERVICES
4,668,515
TRANSPORTATION
-
0
.3
%
65,000
Burlington
Northern
Santa
Fe
LLC
3
.050
02/15/51
47,313
275,000
Canadian
Pacific
Railway
Co
2
.050
03/05/30
233,651
100,000
CSX
Corp
3
.800
03/01/28
97,284
TIAA-CREF
Life
Core
Bond
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
PRINCIPAL
ISSUER
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
TRANSPORTATION—continued
$
75,000
CSX
Corp
4
.250
%
03/15/29
$
74,069
50,000
Union
Pacific
Corp
2
.891
04/06/36
41,271
100,000
Union
Pacific
Corp
3
.839
03/20/60
80,959
TOTAL
TRANSPORTATION
574,547
UTILITIES
-
3
.4
%
100,000
AEP
Transmission
Co
LLC
3
.100
12/01/26
95,069
75,000
AEP
Transmission
Co
LLC
4
.000
12/01/46
64,082
100,000
AEP
Transmission
Co
LLC
2
.750
08/15/51
66,481
150,000
AEP
Transmission
Co
LLC
5
.400
03/15/53
156,242
200,000
g
Aeropuerto
Internacional
de
Tocumen
S.A.
4
.000
08/11/41
159,467
650,000
Ameren
Illinois
Co
5
.900
12/01/52
726,104
100,000
American
Water
Capital
Corp
3
.000
12/01/26
93,950
250,000
American
Water
Capital
Corp
2
.800
05/01/30
222,528
60,000
American
Water
Capital
Corp
4
.000
12/01/46
49,453
50,000
American
Water
Capital
Corp
3
.750
09/01/47
40,265
100,000
American
Water
Capital
Corp
3
.450
05/01/50
76,051
100,000
Atmos
Energy
Corp
1
.500
01/15/31
79,823
125,000
Baltimore
Gas
&
Electric
Co
3
.750
08/15/47
99,381
200,000
g
Becle
SAB
de
C.V.
2
.500
10/14/31
162,393
50,000
Berkshire
Hathaway
Energy
Co
3
.250
04/15/28
47,467
200,000
Black
Hills
Corp
4
.250
11/30/23
198,542
100,000
Black
Hills
Corp
3
.150
01/15/27
93,825
100,000
CenterPoint
Energy
Houston
Electric
LLC
3
.000
03/01/32
88,485
100,000
Commonwealth
Edison
Co
2
.750
09/01/51
66,323
100,000
Consumers
Energy
Co
2
.650
08/15/52
65,884
60,000
Dominion
Energy,
Inc
2
.250
08/15/31
49,404
190,000
Dominion
Energy,
Inc
3
.300
04/15/41
146,430
125,000
DTE
Electric
Co
5
.400
04/01/53
130,959
405,000
Duke
Energy
Corp
3
.300
06/15/41
305,055
50,000
Duke
Energy
Progress
LLC
2
.500
08/15/50
31,318
100,000
Edison
International
5
.375
N/A‡
88,433
200,000
g
ENN
Energy
Holdings
Ltd
2
.625
09/17/30
168,221
195,000
Eversource
Energy
1
.650
08/15/30
156,922
40,000
g
Ferrellgas
Escrow
LLC
5
.375
04/01/26
37,450
44,000
g
Ferrellgas
Escrow
LLC
5
.875
04/01/29
37,620
100,000
Florida
Power
&
Light
Co
3
.990
03/01/49
86,689
75,000
Indiana
Michigan
Power
Co
3
.750
07/01/47
58,658
200,000
g
Israel
Electric
Corp
Ltd
3
.750
02/22/32
174,594
125,000
Medtronic
Global
Holdings
S.C.A
4
.250
03/30/28
124,801
150,000
MidAmerican
Energy
Co
3
.650
04/15/29
143,070
95,000
MidAmerican
Energy
Co
3
.650
08/01/48
76,881
130,000
NextEra
Energy
Capital
Holdings,
Inc
2
.250
06/01/30
109,886
310,000
NiSource,
Inc
1
.700
02/15/31
245,386
85,000
g
NRG
Energy,
Inc
2
.450
12/02/27
72,722
50,000
NRG
Energy,
Inc
5
.750
01/15/28
49,034
65,000
g
NRG
Energy,
Inc
7
.000
03/15/33
67,335
100,000
NSTAR
Electric
Co
3
.950
04/01/30
96,823
100,000
Ohio
Power
Co
4
.150
04/01/48
85,957
100,000
Ohio
Power
Co
4
.000
06/01/49
83,459
50,000
ONE
Gas,
Inc
3
.610
02/01/24
49,233
12,000
g
Pattern
Energy
Operations
LP
4
.500
08/15/28
10,978
100,000
PECO
Energy
Co
3
.000
09/15/49
71,370
200,000
PECO
Energy
Co
2
.800
06/15/50
135,691
200,000
g
Perusahaan
Listrik
Negara
PT
3
.875
07/17/29
181,102
125,000
Public
Service
Co
of
Colorado
1
.875
06/15/31
102,104
125,000
Public
Service
Co
of
Colorado
3
.200
03/01/50
92,469
100,000
Public
Service
Electric
and
Gas
Co
4
.900
12/15/32
102,302
200,000
g
Saka
Energi
Indonesia
PT
4
.450
05/05/24
190,624
75,000
Virginia
Electric
&
Power
Co
2
.950
11/15/26
70,523
TIAA-CREF
Life
Core
Bond
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
(continued)
PRINCIPAL
ISSUER
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
UTILITIES—continued
$
50,000
Virginia
Electric
&
Power
Co
3
.500
%
03/15/27
$
48,008
250,000
Wisconsin
Power
and
Light
Co
4
.950
04/01/33
251,549
TOTAL
UTILITIES
6,584,875
TOTAL
CORPORATE
BONDS
72,780,060
(Cost
$81,095,737)
GOVERNMENT
BONDS
-
41
.2
%
FOREIGN
GOVERNMENT
BONDS
-
2
.8
%
200,000
e,g
African
Export-Import
Bank
2
.634
05/17/26
178,677
200,000
g
Angolan
Government
International
Bond
8
.750
04/14/32
168,640
EUR
100,000
g
Banque
Ouest
Africaine
de
Developpement
2
.750
01/22/33
80,253
50,000
g
Bermuda
Government
International
Bond
4
.750
02/15/29
49,646
200,000
g
BNG
Bank
NV
2
.625
02/27/24
195,935
400,000
Colombia
Government
International
Bond
3
.250
04/22/32
297,351
200,000
g
Costa
Rica
Government
International
Bond
5
.625
04/30/43
174,240
200,000
g
Dominican
Republic
Government
International
Bond
4
.875
09/23/32
169,577
13,286
g
Ecuador
Government
International
Bond
0
.000
07/31/30
3,971
79,525
g
Ecuador
Government
International
Bond
(Step
Bond)
5
.000
07/31/30
36,966
56,442
g
Ecuador
Government
International
Bond
(Step
Bond)
1
.000
07/31/35
18,754
200,000
g
Egypt
Government
International
Bond
7
.053
01/15/32
124,500
100,000
European
Investment
Bank
4
.875
02/15/36
110,886
200,000
g
Export-Import
Bank
of
India
2
.250
01/13/31
161,064
200,000
g
Guatemala
Government
Bond
3
.700
10/07/33
166,781
285,000
g
Hong
Kong
Government
International
Bond
4
.625
01/11/33
301,590
200,000
g
Hungary
Government
International
Bond
6
.125
05/22/28
204,640
156,250
g
Iraq
Government
International
Bond
5
.800
01/15/28
145,423
200,000
Japan
Bank
for
International
Cooperation
2
.375
04/20/26
189,350
100,000
g
Japan
Finance
Organization
for
Municipalities
3
.000
03/12/24
98,207
300,000
g
Jordan
Government
International
Bond
4
.950
07/07/25
286,692
200,000
g
Korea
Electric
Power
Corp
1
.125
06/15/25
184,703
200,000
g
Korea
Hydro
&
Nuclear
Power
Co
Ltd
1
.250
04/27/26
179,832
200,000
Mexico
Government
International
Bond
5
.400
02/09/28
205,880
25,000
Mexico
Government
International
Bond
3
.250
04/16/30
22,382
32,000
Mexico
Government
International
Bond
6
.050
01/11/40
32,518
275,000
Mexico
Government
International
Bond
4
.280
08/14/41
224,713
160,000
Panama
Notas
del
Tesoro
3
.750
04/17/26
151,080
130,000
Peruvian
Government
International
Bond
3
.000
01/15/34
105,952
140,000
Republic
of
Poland
Government
International
Bond
5
.500
04/04/53
141,680
300,000
g
Republic
of
Uzbekistan
International
Bond
4
.750
02/20/24
294,664
275,000
g
Rwanda
International
Government
Bond
5
.500
08/09/31
197,043
500,000
g
Saudi
Government
International
Bond
3
.750
01/21/55
384,002
200,000
g
Serbia
International
Bond
2
.125
12/01/30
151,250
TOTAL
FOREIGN
GOVERNMENT
BONDS
5,438,842
MORTGAGE
BACKED
-
21
.8
%
100,000
g,i
Connecticut
Avenue
Securities
Trust
30d
Avg
SOFR
+
4.500%
9
.060
01/25/42
95,374
310,000
g,i
Connecticut
Avenue
Securities
Trust
30d
Avg
SOFR
+
3.100%
7
.660
03/25/42
307,517
460,000
g,i
Connecticut
Avenue
Securities
Trust
30d
Avg
SOFR
+
3.850%
8
.410
05/25/42
467,624
510,000
g,i
Connecticut
Avenue
Securities
Trust
30d
Avg
SOFR
+
4.650%
9
.218
06/25/42
529,982
261,534
Federal
Home
Loan
Mortgage
Corp
(FHLMC)
4
.500
11/01/37
260,683
52,697
i
FHLMC
LIBOR
1
M
+
5.920%
1
.236
03/15/44
5,104
92,467
i
FHLMC
LIBOR
1
M
+
9.920%
2
.425
06/15/48
91,112
123,249
i
FHLMC
LIBOR
1
M
+
9.840%
2
.345
10/15/48
118,380
873,877
FHLMC
3
.000
11/01/49
795,283
230,752
FHLMC
2
.000
09/25/50
26,899
474,828
FHLMC
2
.500
02/25/51
73,885
202,956
FHLMC
3
.000
11/01/51
183,950
230,417
FHLMC
3
.000
11/01/51
210,134
58,512
FHLMC
3
.000
11/01/51
53,361
TIAA-CREF
Life
Core
Bond
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
PRINCIPAL
ISSUER
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
MORTGAGE
BACKED—continued
$
36,118
FHLMC
3
.000
%
11/01/51
$
33,048
512,800
FHLMC
2
.000
02/01/52
425,628
806,583
FHLMC
2
.500
02/01/52
699,970
337,498
FHLMC
2
.500
03/01/52
292,783
579,381
FHLMC
4
.000
04/01/52
554,481
416,704
FHLMC
4
.500
06/01/52
408,256
401,058
FHLMC
4
.500
07/01/52
392,943
61,619
FHLMC
4
.000
08/25/52
54,028
135,094
FHLMC
6
.000
11/01/52
137,987
15,357
Federal
Home
Loan
Mortgage
Corp
Gold
(FGLMC)
5
.000
06/01/36
15,700
4,790
FGLMC
5
.000
07/01/39
4,897
138,856
FGLMC
3
.500
04/01/45
131,583
388,343
FGLMC
3
.500
08/01/45
367,027
10,245
FGLMC
4
.500
06/01/47
10,326
252,199
FGLMC
4
.000
09/01/47
245,879
88,554
FGLMC
3
.500
12/01/47
83,722
80,182
FGLMC
4
.500
08/01/48
80,297
88,804
Federal
National
Mortgage
Association
(FNMA)
3
.500
06/01/32
87,365
120,156
FNMA
3
.000
10/01/32
114,899
67,514
FNMA
5
.000
05/01/35
68,949
6,209
FNMA
7
.500
07/01/35
6,192
77,125
FNMA
5
.000
02/01/36
78,765
538,867
FNMA
4
.000
11/01/37
530,508
76,519
FNMA
3
.000
10/01/39
71,525
59,489
FNMA
3
.000
05/01/40
55,311
117,350
FNMA
5
.000
09/01/40
119,851
524,513
FNMA
2
.000
03/01/42
450,865
58,519
FNMA
4
.000
09/01/42
57,130
73,460
i
FNMA
LIBOR
1
M
+
5.950%
1
.105
09/25/43
8,364
38,352
FNMA
4
.500
03/01/44
38,570
347,651
FNMA
4
.000
05/01/44
338,559
144,316
FNMA
4
.500
10/01/44
144,088
265,871
FNMA
4
.500
11/01/44
265,450
63,560
FNMA
5
.000
11/01/44
64,914
22,287
FNMA
4
.000
01/01/45
21,760
307,249
FNMA
3
.500
01/01/46
290,171
17,790
FNMA
4
.000
04/01/46
17,324
123,487
FNMA
3
.500
07/01/46
116,625
310,366
FNMA
3
.500
07/01/46
296,040
53,717
FNMA
3
.000
10/01/46
48,610
6,428
FNMA
3
.000
11/01/47
5,817
144,552
FNMA
3
.500
11/01/47
137,617
185,329
FNMA
3
.500
01/01/48
175,029
81,874
FNMA
4
.500
01/01/48
81,902
78,171
FNMA
4
.500
02/01/48
78,197
45,132
FNMA
4
.500
05/01/48
45,147
63,287
FNMA
4
.500
05/01/48
63,309
86,544
FNMA
5
.000
08/01/48
88,103
248,802
FNMA
3
.000
07/01/50
226,207
165,643
FNMA
2
.000
08/25/50
23,256
502,289
FNMA
2
.500
11/25/50
72,946
90,875
FNMA
3
.000
02/25/51
16,468
1,405,952
FNMA
2
.000
04/01/51
1,165,540
157,858
FNMA
3
.000
09/01/51
143,265
210,430
FNMA
2
.500
11/25/51
27,466
460,065
FNMA
2
.000
12/01/51
381,413
157,072
FNMA
2
.000
01/01/52
131,387
377,547
FNMA
2
.000
02/01/52
313,364
476,189
FNMA
2
.500
02/01/52
413,096
477,878
FNMA
2
.500
02/01/52
414,712
TIAA-CREF
Life
Core
Bond
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
(continued)
PRINCIPAL
ISSUER
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
MORTGAGE
BACKED—continued
$
91,727
FNMA
2
.500
%
02/01/52
$
79,423
288,280
FNMA
3
.500
02/01/52
270,136
336,786
FNMA
2
.000
03/01/52
279,210
796,811
FNMA
3
.000
04/01/52
718,703
28,104
FNMA
3
.500
04/01/52
26,115
437,077
FNMA
3
.500
05/01/52
406,162
1,133,433
FNMA
3
.500
05/01/52
1,053,403
552,243
FNMA
4
.000
05/01/52
528,393
167,776
FNMA
3
.500
06/01/52
156,235
887,758
FNMA
4
.000
06/01/52
849,052
208,990
FNMA
4
.500
06/01/52
204,762
2,125,520
FNMA
4
.000
07/01/52
2,033,282
1,648,931
FNMA
4
.000
07/01/52
1,577,545
186,168
FNMA
4
.500
07/01/52
182,421
113,708
FNMA
4
.500
07/01/52
111,456
789,801
FNMA
4
.500
07/01/52
773,825
165,782
FNMA
4
.500
07/25/52
154,627
1,692,073
FNMA
5
.000
08/01/52
1,687,976
103,040
FNMA
4
.500
08/25/52
93,447
835,916
FNMA
4
.000
09/01/52
799,467
2,035,898
FNMA
4
.500
09/01/52
1,994,663
75,744
FNMA
4
.000
09/25/52
65,825
92,121
FNMA
4
.000
09/25/52
85,674
3,947,983
FNMA
4
.000
10/01/52
3,775,843
266,050
FNMA
5
.000
10/01/52
265,316
81,817
FNMA
4
.500
10/25/52
81,291
76,703
FNMA
4
.500
10/25/52
76,037
556,795
FNMA
4
.500
11/01/52
545,507
117,660
FNMA
5
.500
11/25/52
120,787
424,172
FNMA
5
.500
02/01/53
428,437
123,857
Freddie
Mac
REMICS
3
.000
10/25/50
91,613
95,000
g,i
Freddie
Mac
STACR
REMIC
Trust
30d
Avg
SOFR
+
5.650%
8
.647
04/25/42
92,871
120,000
g,i
Freddie
Mac
STACR
REMIC
Trust
30d
Avg
SOFR
+
4.350%
8
.910
04/25/42
118,093
435,000
g,i
Freddie
Mac
STACR
REMIC
Trust
30d
Avg
SOFR
+
3.350%
7
.910
05/25/42
438,557
50,000
g,i
Freddie
Mac
STACR
REMIC
Trust
30d
Avg
SOFR
+
3.550%
8
.110
08/25/42
48,985
290,000
g,i
Freddie
Mac
STACR
REMIC
Trust
30d
Avg
SOFR
+
3.700%
8
.260
09/25/42
295,442
425,000
g,i
Freddie
Mac
Structured
Agency
Credit
Risk
Debt
Notes
30d
Avg
SOFR
+
2.400%
6
.960
02/25/42
413,395
530,000
g,i
Freddie
Mac
Structured
Agency
Credit
Risk
Debt
Notes
30d
Avg
SOFR
+
4.500%
9
.060
06/25/42
550,680
225,000
g,i
Freddie
Mac
Structured
Agency
Credit
Risk
Debt
Notes
30d
Avg
SOFR
+
4.000%
8
.560
07/25/42
224,625
3,699
Government
National
Mortgage
Association
(GNMA)
5
.000
03/15/34
3,782
19,166
GNMA
5
.000
06/15/34
19,621
1,836
GNMA
5
.000
04/15/38
1,884
3,399
GNMA
4
.500
04/15/40
3,410
64,219
GNMA
2
.500
12/20/43
58,255
63,543
GNMA
3
.000
03/20/45
57,072
91,178
GNMA
4
.000
06/20/46
11,974
144,777
i
GNMA
LIBOR
1
M
+
6.100%
1
.339
03/20/50
18,493
232,932
GNMA
3
.000
11/20/51
178,094
247,533
GNMA
3
.000
01/20/52
191,827
38,086
GNMA
2
.500
02/20/52
32,569
1,399,343
GNMA
3
.000
05/20/52
1,274,443
975,163
GNMA
3
.500
07/20/52
914,049
102,698
GNMA
4
.000
07/20/52
92,964
579,330
GNMA
4
.000
08/20/52
557,669
393,141
GNMA
4
.500
08/20/52
387,322
142,645
GNMA
4
.500
09/20/52
135,508
148,293
GNMA
4
.500
09/20/52
145,598
222,855
GNMA
5
.000
11/20/52
223,259
96,074
g,i
GS
Mortgage-Backed
Securities
Trust
2
.724
01/25/52
68,453
179,873
g,i
GS
Mortgage-Backed
Securities
Trust
2
.500
03/25/52
142,570
TIAA-CREF
Life
Core
Bond
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
PRINCIPAL
ISSUER
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
MORTGAGE
BACKED—continued
$
135,426
g,i
GS
Mortgage-Backed
Securities
Trust
2
.500
%
05/01/52
$
117,468
96,770
g,i
GS
Mortgage-Backed
Securities
Trust
2
.834
05/28/52
74,360
204,929
g,i
GS
Mortgage-Backed
Securities
Trust
3
.000
08/26/52
169,423
52,812
g,i
JP
Morgan
Mortgage
Trust
2
.927
05/25/52
40,626
230,927
g,i
JP
Morgan
Mortgage
Trust
2
.500
07/25/52
182,812
328,158
g,i
JP
Morgan
Mortgage
Trust
3
.250
07/25/52
276,208
355,392
g,i
JP
Morgan
Mortgage
Trust
3
.000
08/25/52
293,817
118,704
g,i
JP
Morgan
Mortgage
Trust
3
.000
09/25/52
98,523
188,726
g,i
JP
Morgan
Mortgage
Trust
3
.000
10/25/52
156,027
119,111
g,i
JP
Morgan
Mortgage
Trust
3
.000
11/25/52
98,474
124,081
g,i
JP
Morgan
Mortgage
Trust
3
.000
12/25/52
102,583
97,643
g,i
JP
Morgan
Mortgage
Trust
5
.000
06/25/53
92,494
97,643
g,i
JP
Morgan
Mortgage
Trust
5
.500
06/25/53
94,024
TOTAL
MORTGAGE
BACKED
42,468,855
MUNICIPAL
BONDS
-
0
.6
%
200,000
City
&
County
of
San
Francisco
CA
Community
Facilities
District
3
.264
09/01/25
192,900
200,000
City
&
County
of
San
Francisco
CA
Community
Facilities
District
4
.038
09/01/34
184,301
500,000
County
of
Miami-Dade
FL
Aviation
Revenue
3
.049
10/01/26
476,762
170,000
New
York
State
Dormitory
Authority
4
.294
07/01/44
152,853
300,000
State
of
Oregon
Department
of
Administrative
Services
4
.103
05/01/39
274,913
TOTAL
MUNICIPAL
BONDS
1,281,729
U.S.
TREASURY
SECURITIES
-
16
.0
%
1,100,000
United
States
Treasury
Bond
3
.125
11/15/41
1,002,719
1,535,700
United
States
Treasury
Bond
3
.000
11/15/45
1,336,239
1,615,000
United
States
Treasury
Bond
2
.875
11/15/46
1,376,220
765,000
United
States
Treasury
Bond
3
.000
05/15/47
665,759
176,000
United
States
Treasury
Bond
3
.375
11/15/48
164,629
1,185,900
k
United
States
Treasury
Inflation
Indexed
Bonds
0
.500
04/15/24
1,166,768
100,000
United
States
Treasury
Note
0
.125
05/31/23
99,271
500,000
e
United
States
Treasury
Note
4
.625
02/28/25
504,863
1,000,000
United
States
Treasury
Note
0
.875
09/30/26
905,625
65,000
United
States
Treasury
Note
0
.500
10/31/27
56,403
415,000
e
United
States
Treasury
Note
4
.000
02/29/28
422,489
1,855,000
United
States
Treasury
Note
1
.375
10/31/28
1,645,805
7,501,000
United
States
Treasury
Note
3
.500
02/15/33
7,512,720
300,000
United
States
Treasury
Note
2
.250
05/15/41
238,254
500,000
United
States
Treasury
Note
2
.000
11/15/41
377,363
5,111,800
United
States
Treasury
Note
2
.375
02/15/42
4,110,606
3,670,000
United
States
Treasury
Note
3
.875
02/15/43
3,702,686
5,132,300
United
States
Treasury
Note
4
.000
11/15/52
5,446,653
450,000
United
States
Treasury
Note
3
.625
02/15/53
446,766
TOTAL
U.S.
TREASURY
SECURITIES
31,181,838
TOTAL
GOVERNMENT
BONDS
80,371,264
(Cost
$84,411,686)
STRUCTURED
ASSETS
-
18
.0
%
ASSET
BACKED
-
7
.1
%
250,000
g,i
AIMCO
CLO
16
Ltd
LIBOR
3
M
+
1.650%
6
.442
01/17/35
244,829
Series
-
2021
16A
(Class
B)
250,000
AmeriCredit
Automobile
Receivables
Trust
2
.130
03/18/26
235,267
Series
-
2020
2
(Class
D)
250,000
AmeriCredit
Automobile
Receivables
Trust
1
.490
09/18/26
229,668
Series
-
2020
3
(Class
D)
250,000
AmeriCredit
Automobile
Receivables
Trust
1
.210
12/18/26
227,570
Series
-
2021
1
(Class
D)
TIAA-CREF
Life
Core
Bond
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
(continued)
PRINCIPAL
ISSUER
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
ASSET
BACKED—continued
$
100,000
g
AMSR
Trust
3
.148
%
01/19/39
$
92,605
Series
-
2019
SFR1
(Class
C)
100,000
g
AMSR
Trust
3
.247
01/19/39
92,136
Series
-
2019
SFR1
(Class
D)
214,008
g
Apollo
aviation
securitization
2
.798
01/15/47
183,626
Series
-
2021
2A
(Class
A)
150,908
g
BRE
Grand
Islander
Timeshare
Issuer
LLC
3
.280
09/26/33
143,716
Series
-
2019
A
(Class
A)
94,087
g
Capital
Automotive
REIT
1
.440
08/15/51
82,714
Series
-
2021
1A
(Class
A1)
99,792
g
Capital
Automotive
REIT
1
.920
08/15/51
87,421
Series
-
2021
1A
(Class
A3)
1,250,000
CarMax
Auto
Owner
Trust
1
.280
07/15/27
1,138,080
Series
-
2021
1
(Class
D)
97,875
g
Cars
Net
Lease
Mortgage
Notes
Series
2
.010
12/15/50
84,059
Series
-
2020
1A
(Class
A1)
98,875
g
Cars
Net
Lease
Mortgage
Notes
Series
3
.100
12/15/50
87,805
Series
-
2020
1A
(Class
A3)
100,000
g
Cars
Net
Lease
Mortgage
Notes
Series
4
.690
12/15/50
87,960
Series
-
2020
1A
(Class
B1)
90,412
Carvana
Auto
Receivables
Trust
1
.720
09/11/28
86,977
Series
-
2021
N4
(Class
C)
345,000
g
Carvana
Auto
Receivables
Trust
4
.130
12/11/28
325,190
Series
-
2022
N1
(Class
D)
250,000
g,i
Cayuga
Park
CLO
Ltd
LIBOR
3
M
+
1.650%
1
.000
07/17/34
242,126
Series
-
2020
1A
(Class
B1R)
144,702
†,g,i
CBRE
Realty
Finance
LIBOR
3
M
+
0.300%
0
.438
04/07/52
362
Series
-
2007
1A
(Class
A2)
2,801
Centex
Home
Equity
5
.540
01/25/32
2,723
Series
-
2002
A
(Class
AF6)
451,253
g
CF
Hippolyta
LLC
1
.690
07/15/60
409,766
Series
-
2020
1
(Class
A1)
220,404
g
CF
Hippolyta
LLC
1
.990
07/15/60
186,206
Series
-
2020
1
(Class
A2)
90,251
g
CF
Hippolyta
LLC
2
.280
07/15/60
81,489
Series
-
2020
1
(Class
B1)
236,412
g
CF
Hippolyta
LLC
1
.530
03/15/61
208,646
Series
-
2021
1A
(Class
A1)
236,412
g
CF
Hippolyta
LLC
1
.980
03/15/61
205,871
Series
-
2021
1A
(Class
B1)
230,000
g
Cologix
Data
Centers
US
Issuer
LLC
3
.300
12/26/51
206,441
Series
-
2021
1A
(Class
A2)
120,625
g
DB
Master
Finance
LLC
4
.352
05/20/49
113,778
Series
-
2019
1A
(Class
A23)
197,500
g
DB
Master
Finance
LLC
2
.045
11/20/51
173,741
Series
-
2021
1A
(Class
A2I)
98,750
g
DB
Master
Finance
LLC
2
.493
11/20/51
83,829
Series
-
2021
1A
(Class
A2II)
46,408
g
Diamond
Resorts
Owner
Trust
2
.890
02/20/32
44,385
Series
-
2019
1A
(Class
A)
37,231
g
Diamond
Resorts
Owner
Trust
2
.050
11/21/33
34,252
Series
-
2021
1A
(Class
B)
328,125
g
Domino's
Pizza
Master
Issuer
LLC
4
.474
10/25/45
317,144
Series
-
2015
1A
(Class
A2II)
215,438
g
Domino's
Pizza
Master
Issuer
LLC
4
.116
07/25/48
206,515
Series
-
2018
1A
(Class
A2I)
147,375
g
Domino's
Pizza
Master
Issuer
LLC
2
.662
04/25/51
126,490
Series
-
2021
1A
(Class
A2I)
27,333
g,i
Ellington
Loan
Acquisition
Trust
LIBOR
1
M
+
1.100%
5
.945
05/25/37
26,788
Series
-
2007
2
(Class
A2C)
TIAA-CREF
Life
Core
Bond
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
PRINCIPAL
ISSUER
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
ASSET
BACKED—continued
$
143,282
g
FNA
VI
LLC
1
.350
%
01/10/32
$
130,415
Series
-
2021
1A
(Class
A)
250,000
g,i
Gracie
Point
International
Funding
30d
Avg
SOFR
+
3.350%
7
.971
07/01/24
250,070
Series
-
2022
2A
(Class
B)
446,000
g,i
GRACIE
POINT
INTERNATIONAL
FUNDING
30d
Avg
SOFR
+
2.750%
7
.267
04/01/24
445,394
Series
-
2022
1A
(Class
B)
69,229
g
HERO
Funding
Trust
3
.190
09/20/48
63,630
Series
-
2017
3A
(Class
A1)
69,229
g
HERO
Funding
Trust
3
.950
09/20/48
64,972
Series
-
2017
3A
(Class
A2)
150,000
g
Hertz
Vehicle
Financing
LLC
1
.560
12/26/25
139,824
Series
-
2021
1A
(Class
B)
89,398
g
Hilton
Grand
Vacations
Trust
2
.960
12/26/28
88,181
Series
-
2017
AA
(Class
B)
77,049
g
Hilton
Grand
Vacations
Trust
2
.340
07/25/33
72,552
Series
-
2019
AA
(Class
A)
4,106
i
Home
Equity
Asset
Trust
LIBOR
1
M
+
1.500%
3
.986
06/25/33
4,000
Series
-
2003
1
(Class
M1)
382,445
g
Horizon
Aircraft
Finance
II
Ltd
3
.721
07/15/39
329,534
Series
-
2019
1
(Class
A)
222,449
g
Horizon
Aircraft
Finance
III
Ltd
3
.425
11/15/39
180,182
Series
-
2019
2
(Class
A)
100,000
g
Hpefs
Equipment
Trust
4
.430
09/20/29
97,980
Series
-
2022
2A
(Class
C)
99,995
g,i
Invitation
Homes
Trust
LIBOR
1
M
+
1.250%
5
.959
01/17/38
99,301
Series
-
2018
SFR4
(Class
B)
250,000
g,i
La
Vie
Re
Ltd
LIBOR
3
M
+
2.850%
7
.532
10/06/23
242,500
Series
-
2020
A
(Class
A)
250,000
g,i
Madison
Park
Funding
LIX
Ltd
LIBOR
3
M
+
2.100%
6
.895
01/18/34
239,037
Series
-
2021
59A
(Class
C)
250,000
g,i
Massachusetts
St
LIBOR
3
M
+
1.650%
6
.442
01/15/35
243,521
Series
-
2021
3A
(Class
B)
102,258
g
MVW
LLC
1
.830
05/20/39
91,643
Series
-
2021
2A
(Class
B)
114,697
g
MVW
Owner
Trust
2
.420
12/20/34
112,973
Series
-
2017
1A
(Class
A)
81,141
g
MVW
Owner
Trust
3
.450
01/21/36
79,022
Series
-
2018
1A
(Class
A)
69,811
g
MVW
Owner
Trust
3
.000
11/20/36
65,856
Series
-
2019
1A
(Class
B)
34,968
g
Navient
Private
Education
Refi
Loan
Trust
1
.310
01/15/69
32,082
Series
-
2020
HA
(Class
A)
143,280
g
Navient
Student
Loan
Trust
3
.390
12/15/59
136,594
Series
-
2019
BA
(Class
A2A)
250,000
g,i
Navistar
Financial
Dealer
Note
Master
Owner
Trust
II
30d
Avg
SOFR
+
1.800%
6
.360
05/25/27
250,339
Series
-
2022
1
(Class
B)
250,000
g,i
Neuberger
Berman
Loan
Advisers
Clo
40
Ltd
LIBOR
3
M
+
1.060%
5
.852
04/16/33
246,751
Series
-
2021
40A
(Class
A)
250,000
g,i
Neuberger
Berman
Loan
Advisers
Clo
40
Ltd
LIBOR
3
M
+
1.400%
6
.192
04/16/33
244,710
Series
-
2021
40A
(Class
B)
236,207
g
Oak
Street
Investment
Grade
Net
Lease
Fund
Series
1
.480
01/20/51
209,795
Series
-
2021
1A
(Class
A1)
97,716
g
Oak
Street
Investment
Grade
Net
Lease
Fund
Series
2
.380
11/20/51
87,348
Series
-
2021
2A
(Class
A1)
250,000
g,i
OHA
Credit
Funding
10
Ltd
LIBOR
3
M
+
1.650%
6
.445
01/18/36
244,435
Series
-
2021
10A
(Class
B)
74,853
g
OneMain
Financial
Issuance
Trust
3
.840
05/14/32
74,341
Series
-
2020
1A
(Class
A)
150,000
g
OneMain
Financial
Issuance
Trust
1
.750
09/14/35
134,615
Series
-
2020
2A
(Class
A)
TIAA-CREF
Life
Core
Bond
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
(continued)
PRINCIPAL
ISSUER
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
ASSET
BACKED—continued
$
250,000
g
Oportun
Funding
XIV
LLC
1
.210
%
03/08/28
$
236,671
Series
-
2021
A
(Class
A)
200,000
g
PFS
Financing
Corp
1
.270
06/15/25
198,389
Series
-
2020
A
(Class
A)
250,000
g
PFS
Financing
Corp
1
.770
06/15/25
247,650
Series
-
2020
A
(Class
B)
250,000
g
PFS
Financing
Corp
0
.960
04/15/26
237,121
Series
-
2021
A
(Class
B)
250,000
Santander
Drive
Auto
Receivables
Trust
1
.480
01/15/27
240,668
Series
-
2020
4
(Class
D)
282,934
g
Settlement
Fee
Finance
LLC
3
.840
11/01/49
274,701
Series
-
2019
1A
(Class
A)
36,763
g
Sierra
Timeshare
Receivables
Funding
LLC
3
.200
01/20/36
35,276
Series
-
2019
1A
(Class
A)
33,615
g
Sierra
Timeshare
Receivables
Funding
LLC
0
.990
11/20/37
31,334
Series
-
2021
1A
(Class
A)
33,615
g
Sierra
Timeshare
Receivables
Funding
LLC
1
.340
11/20/37
31,073
Series
-
2021
1A
(Class
B)
33,615
g
Sierra
Timeshare
Receivables
Funding
LLC
1
.790
11/20/37
30,985
Series
-
2021
1A
(Class
C)
95,121
g
SoFi
Professional
Loan
Program
LLC
2
.840
01/25/41
91,728
Series
-
2017
F
(Class
A2FX)
175,000
g
Stack
Infrastructure
Issuer
LLC
1
.893
08/25/45
159,969
Series
-
2020
1A
(Class
A2)
250,000
g
Stack
Infrastructure
Issuer
LLC
1
.877
03/26/46
222,016
Series
-
2021
1A
(Class
A2)
4,626
i
Structured
Asset
Investment
Loan
Trust
LIBOR
1
M
+
0.900%
5
.745
09/25/34
4,503
Series
-
2004
8
(Class
M1)
94,250
g
Taco
Bell
Funding
LLC
4
.970
05/25/46
92,027
Series
-
2016
1A
(Class
A23)
128,375
g
Taco
Bell
Funding
LLC
1
.946
08/25/51
111,631
Series
-
2021
1A
(Class
A2I)
98,750
g
Taco
Bell
Funding
LLC
2
.294
08/25/51
82,459
Series
-
2021
1A
(Class
A2II)
250,000
g,i
TICP
CLO
VIII
Ltd
LIBOR
3
M
+
1.700%
6
.508
10/20/34
243,401
Series
-
2017
8A
(Class
A2R)
250,000
g,i
Ursa
Re
II
Ltd
U.S.
Treasury
Bill
3
M
+
3.940%
8
.624
12/07/23
245,350
Series
-
2020
A
(Class
AA)
284,925
g
Wendy's
Funding
LLC
2
.370
06/15/51
239,001
Series
-
2021
1A
(Class
A2I)
TOTAL
ASSET
BACKED
13,857,725
OTHER
MORTGAGE
BACKED
-
10
.9
%
113,624
g,i
Agate
Bay
Mortgage
Trust
3
.500
09/25/45
102,430
Series
-
2015
6
(Class
A9)
100,000
g,i
Angel
Oak
Mortgage
Trust
2
.837
11/25/66
67,924
Series
-
2021
8
(Class
A3)
500,000
g
BANK
2
.500
10/17/52
300,148
Series
-
2019
BN21
(Class
D)
91,367
g,i
Bayview
MSR
Opportunity
Master
Fund
Trust
3
.000
10/25/51
75,537
Series
-
2021
6
(Class
A19)
200,000
g
BBCMS
Trust
4
.197
08/10/35
188,986
Series
-
2015
SRCH
(Class
A2)
400,000
Benchmark
Mortgage
Trust
4
.267
03/15/52
368,737
Series
-
2019
B9
(Class
AS)
800,000
Benchmark
Mortgage
Trust
2
.224
08/15/54
640,069
Series
-
2021
B28
(Class
A5)
500,000
i
Benchmark
Mortgage
Trust
2
.244
08/15/54
365,678
Series
-
2021
B28
(Class
B)
TIAA-CREF
Life
Core
Bond
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
PRINCIPAL
ISSUER
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
OTHER
MORTGAGE
BACKED—continued
$
500,000
Benchmark
Mortgage
Trust
2
.429
%
08/15/54
$
387,983
Series
-
2021
B28
(Class
AS)
250,000
g,i
CF
Mortgage
Trust
3
.603
04/15/52
229,816
Series
-
2020
P1
(Class
A2)
354,497
CFCRE
Commercial
Mortgage
Trust
3
.644
12/10/54
341,011
Series
-
2016
C7
(Class
ASB)
6,472
i
CHL
Mortgage
Pass-Through
Trust
3
.798
02/20/35
6,365
Series
-
2004
HYB9
(Class
1A1)
250,000
g,i
Citigroup
Commercial
Mortgage
Trust
3
.518
05/10/35
223,875
Series
-
2013
375P
(Class
B)
100,000
g,i
Citigroup
Commercial
Mortgage
Trust
4
.481
07/10/47
87,001
Series
-
2014
GC23
(Class
D)
276,000
Citigroup
Commercial
Mortgage
Trust
3
.199
08/10/56
222,379
Series
-
2019
GC41
(Class
B)
53,266
COMM
Mortgage
Trust
2
.853
10/15/45
51,451
Series
-
2012
CR4
(Class
A3)
1,000,000
g,i
COMM
Mortgage
Trust
3
.969
06/10/46
951,579
Series
-
2013
CR8
(Class
B)
500,000
COMM
Mortgage
Trust
4
.377
05/10/47
457,358
Series
-
2014
CR17
(Class
B)
500,000
g,i
COMM
Mortgage
Trust
4
.767
06/10/47
349,285
Series
-
2014
UBS3
(Class
D)
300,000
i
COMM
Mortgage
Trust
3
.603
03/10/48
284,406
Series
-
2015
CR22
(Class
AM)
200,000
g,i
COMM
Mortgage
Trust
4
.070
03/10/48
156,111
Series
-
2015
CR22
(Class
D)
550,000
i
COMM
Mortgage
Trust
4
.183
05/10/48
516,259
Series
-
2015
CR23
(Class
B)
200,000
i
COMM
Mortgage
Trust
4
.295
05/10/48
184,145
Series
-
2015
CR23
(Class
C)
500,000
COMM
Mortgage
Trust
3
.696
08/10/48
479,803
Series
-
2015
CR24
(Class
A5)
250,000
COMM
Mortgage
Trust
3
.984
10/10/48
237,238
Series
-
2015
CR27
(Class
AM)
600,000
i
COMM
Mortgage
Trust
4
.158
10/10/48
568,450
Series
-
2015
LC23
(Class
AM)
280,000
g,i
Connecticut
Avenue
Securities
Trust
30d
Avg
SOFR
+
3.500%
8
.060
03/25/42
282,141
Series
-
2022
R03
(Class
1M2)
105,000
g,i
Connecticut
Avenue
Securities
Trust
30d
Avg
SOFR
+
3.000%
7
.560
04/25/42
102,537
Series
-
2022
R05
(Class
2M2)
183,000
g,i
Connecticut
Avenue
Securities
Trust
SOFR
+
3.600%
8
.160
07/25/42
183,324
Series
-
2022
R08
(Class
1M2)
465,000
g,i
Connecticut
Avenue
Securities
Trust
30d
Avg
SOFR
+
4.750%
9
.318
09/25/42
482,044
Series
-
2022
R09
(Class
2M2)
270,000
g,i
Connecticut
Avenue
Securities
Trust
30d
Avg
SOFR
+
3.750%
8
.318
12/25/42
272,519
Series
-
2023
R01
(Class
1M2)
110,549
g,i
Credit
Suisse
Mortgage
Capital
Certificates
2
.405
10/25/66
91,216
Series
-
2021
NQM8
(Class
A3)
200,000
DBJPM
Mortgage
Trust
2
.340
08/15/53
158,846
Series
-
2020
C9
(Class
AM)
87,100
g,i
Flagstar
Mortgage
Trust
4
.035
10/25/47
77,472
Series
-
2017
2
(Class
B3)
3,266
g,i
Flagstar
Mortgage
Trust
4
.000
09/25/48
3,061
Series
-
2018
5
(Class
A11)
176,340
g,i
Flagstar
Mortgage
Trust
2
.500
06/01/51
139,331
Series
-
2021
4
(Class
A21)
57,372
Freddie
Mac
REMICS
3
.000
09/25/50
43,016
Series
-
2021
5160
(Class
ZG)
75,000
g,i
Freddie
Mac
STACR
REMIC
Trust
30d
Avg
SOFR
+
2.500%
7
.060
01/25/42
69,386
Series
-
2022
DNA1
(Class
M2)
TIAA-CREF
Life
Core
Bond
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
(continued)
PRINCIPAL
ISSUER
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
OTHER
MORTGAGE
BACKED—continued
$
365,000
g,i
Freddie
Mac
STACR
REMIC
Trust
30d
Avg
SOFR
+
2.900%
7
.460
%
04/25/42
$
362,741
Series
-
2022
DNA3
(Class
M1B)
25,000
g,i
Freddie
Mac
Structured
Agency
Credit
Risk
Debt
Notes
30d
Avg
SOFR
+
4.750%
9
.310
02/25/42
23,851
Series
-
2022
DNA2
(Class
B1)
4,114
g,i
GS
Mortgage-Backed
Securities
Corp
Trust
4
.000
11/25/49
3,881
Series
-
2019
PJ2
(Class
A4)
32,269
g,i
GS
Mortgage-Backed
Securities
Corp
Trust
3
.000
01/25/51
27,473
Series
-
2020
PJ4
(Class
A4)
107,548
g,i
GS
Mortgage-Backed
Securities
Corp
Trust
3
.000
03/27/51
91,509
Series
-
2020
PJ5
(Class
A4)
65,828
g,i
GS
Mortgage-Backed
Securities
Corp
Trust
2
.500
05/25/51
51,874
Series
-
2020
PJ6
(Class
A4)
170,481
g,i
GS
Mortgage-Backed
Securities
Corp
Trust
2
.500
10/25/51
134,701
Series
-
2021
PJ5
(Class
A4)
183,217
g,i
GS
Mortgage-Backed
Securities
Corp
Trust
3
.000
06/25/52
151,473
Series
-
2022
PJ2
(Class
A36)
79,941
g,i
GS
Mortgage-Backed
Securities
Trust
2
.500
07/25/51
63,085
Series
-
2021
PJ2
(Class
A4)
246,251
g,i
GS
Mortgage-Backed
Securities
Trust
2
.500
11/25/51
194,568
Series
-
2021
PJ6
(Class
A4)
158,917
g,i
GS
Mortgage-Backed
Securities
Trust
2
.500
01/25/52
125,564
Series
-
2021
PJ8
(Class
A4)
327,057
g,i
GS
Mortgage-Backed
Securities
Trust
2
.500
01/25/52
258,415
Series
-
2021
PJ7
(Class
A4)
114,493
g,i
GS
Mortgage-Backed
Securities
Trust
3
.000
07/25/52
94,656
Series
-
2022
INV1
(Class
A4)
176,503
g,i
GS
Mortgage-Backed
Securities
Trust
3
.000
09/25/52
145,922
Series
-
2022
HP1
(Class
A4)
133,318
g,i
GS
Mortgage-Backed
Securities
Trust
3
.000
10/25/52
110,219
Series
-
2022
PJ5
(Class
A36)
118,107
g,i
GS
Mortgage-Backed
Securities
Trust
3
.000
01/25/53
97,644
Series
-
2022
PJ6
(Class
A24)
149,165
g,i
GS
Mortgage-Backed
Securities
Trust
3
.500
02/25/53
127,504
Series
-
2023
PJ1
(Class
A24)
27,663
i
HarborView
Mortgage
Loan
Trust
LIBOR
1
M
+
0.620%
5
.381
08/19/45
24,428
Series
-
2005
11
(Class
2A1A)
400,000
g
Hudson
Yards
Mortgage
Trust
2
.835
08/10/38
368,141
Series
-
2016
10HY
(Class
A)
36,674
g,i
Imperial
Fund
Mortgage
Trust
2
.051
10/25/55
32,816
Series
-
2020
NQM1
(Class
A3)
52,020
g,i
JP
Morgan
Mortgage
Trust
LIBOR
1
M
-
0.000%
5
.695
12/25/44
49,054
Series
-
2015
1
(Class
B1)
8,586
g,i
JP
Morgan
Mortgage
Trust
3
.500
05/25/46
7,711
Series
-
2016
1
(Class
A13)
21,393
g,i
JP
Morgan
Mortgage
Trust
3
.500
05/25/47
19,000
Series
-
2017
2
(Class
A13)
22,464
g,i
JP
Morgan
Mortgage
Trust
3
.500
09/25/48
19,829
Series
-
2018
3
(Class
A13)
58,710
g,i
JP
Morgan
Mortgage
Trust
3
.500
10/25/48
51,061
Series
-
2018
5
(Class
A13)
46,275
g,i
JP
Morgan
Mortgage
Trust
3
.300
10/26/48
43,705
Series
-
2017
5
(Class
A2)
2,587
g,i
JP
Morgan
Mortgage
Trust
4
.000
01/25/49
2,406
Series
-
2018
8
(Class
A13)
2,219
g,i
JP
Morgan
Mortgage
Trust
4
.000
02/25/49
2,062
Series
-
2018
9
(Class
A13)
2,539
g,i
JP
Morgan
Mortgage
Trust
4
.000
05/25/49
2,379
Series
-
2019
1
(Class
A3)
9,056
g,i
JP
Morgan
Mortgage
Trust
4
.000
05/25/49
8,445
Series
-
2019
1
(Class
A15)
TIAA-CREF
Life
Core
Bond
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
PRINCIPAL
ISSUER
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
OTHER
MORTGAGE
BACKED—continued
$
17,923
g,i
JP
Morgan
Mortgage
Trust
LIBOR
1
M
+
0.950%
5
.567
%
10/25/49
$
17,224
Series
-
2019
INV1
(Class
A11)
98,031
g,i
JP
Morgan
Mortgage
Trust
3
.832
06/25/50
83,649
Series
-
2020
1
(Class
B2)
110,621
g,i
JP
Morgan
Mortgage
Trust
2
.500
10/25/51
87,542
Series
-
2021
6
(Class
A15)
71,656
g,i
JP
Morgan
Mortgage
Trust
2
.500
11/25/51
56,617
Series
-
2021
7
(Class
A15)
98,605
g,i
JP
Morgan
Mortgage
Trust
2
.500
12/25/51
77,910
Series
-
2021
8
(Class
A15)
87,839
g,i
JP
Morgan
Mortgage
Trust
2
.500
12/25/51
69,404
Series
-
2021
10
(Class
A15)
150,087
g,i
JP
Morgan
Mortgage
Trust
2
.500
01/25/52
118,961
Series
-
2021
11
(Class
A15)
83,806
g,i
JP
Morgan
Mortgage
Trust
2
.500
02/25/52
66,344
Series
-
2021
12
(Class
A15)
120,854
g,i
JP
Morgan
Mortgage
Trust
3
.349
04/25/52
97,325
Series
-
2021
INV6
(Class
B1)
72,512
g,i
JP
Morgan
Mortgage
Trust
3
.349
04/25/52
56,931
Series
-
2021
INV6
(Class
B2)
62,136
g,i
JP
Morgan
Mortgage
Trust
2
.500
05/25/52
49,190
Series
-
2021
14
(Class
A15)
222,457
g,i
JP
Morgan
Mortgage
Trust
2
.500
06/25/52
176,107
Series
-
2021
15
(Class
A15)
232,072
g,i
JP
Morgan
Mortgage
Trust
3
.000
08/25/52
191,863
Series
-
2022
2
(Class
A25)
363,370
g,i
JP
Morgan
Mortgage
Trust
3
.500
09/25/52
312,854
Series
-
2022
LTV2
(Class
A6)
500,000
i
JPMBB
Commercial
Mortgage
Securities
Trust
3
.917
05/15/48
476,264
Series
-
2015
C29
(Class
AS)
400,000
i
JPMBB
Commercial
Mortgage
Securities
Trust
4
.118
05/15/48
367,727
Series
-
2015
C29
(Class
B)
500,000
JPMBB
Commercial
Mortgage
Securities
Trust
4
.106
08/15/48
473,456
Series
-
2015
C31
(Class
AS)
450,000
i
JPMBB
Commercial
Mortgage
Securities
Trust
4
.623
08/15/48
420,085
Series
-
2015
C31
(Class
B)
500,000
g,i
JPMBB
Commercial
Mortgage
Securities
Trust
4
.237
03/17/49
414,044
Series
-
2016
C1
(Class
D1)
115,000
i
JPMDB
Commercial
Mortgage
Securities
Trust
3
.858
03/15/50
105,932
Series
-
2017
C5
(Class
AS)
500,000
g,i
Manhattan
West
2
.335
09/10/39
409,715
Series
-
2020
1MW
(Class
B)
48,532
i
Merrill
Lynch
Mortgage
Investors
Trust
LIBOR
1
M
+
0.520%
2
.278
01/25/37
45,232
Series
-
2006
WMC1
(Class
A1B)
328,128
i
Morgan
Stanley
Bank
of
America
Merrill
Lynch
Trust
4
.384
02/15/47
322,136
Series
-
2014
C14
(Class
AS)
128,064
g,i
Morgan
Stanley
Residential
Mortgage
Loan
Trust
2
.500
08/25/51
101,588
Series
-
2021
5
(Class
A9)
134,968
g,i
Morgan
Stanley
Residential
Mortgage
Loan
Trust
2
.500
09/25/51
117,072
Series
-
2021
6
(Class
A4)
107,936
g,i
Morgan
Stanley
Residential
Mortgage
Loan
Trust
2
.500
09/25/51
85,447
Series
-
2021
6
(Class
A9)
500,000
g,i
Natixis
Commercial
Mortgage
Securities
Trust
LIBOR
1
M
+
1.579%
5
.915
07/15/36
480,543
Series
-
2019
MILE
(Class
A)
100,000
g,i
New
Residential
Mortgage
Loan
Trust
2
.986
09/25/59
81,318
Series
-
2019
NQM4
(Class
M1)
100,000
g,i
NLT
Trust
2
.569
08/25/56
66,385
Series
-
2021
INV2
(Class
M1)
216,654
g,i
OBX
Trust
2
.500
07/25/51
171,184
Series
-
2021
J2
(Class
A19)
TIAA-CREF
Life
Core
Bond
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
(continued)
PRINCIPAL
ISSUER
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
OTHER
MORTGAGE
BACKED—continued
$
187,461
g,i
OBX
Trust
4
.000
%
10/25/52
$
166,047
Series
-
2022
INV5
(Class
A13)
14,876
g,i
OBX
Trust
LIBOR
1
M
+
0.650%
5
.495
06/25/57
13,927
Series
-
2018
1
(Class
A2)
87,092
g,i
Oceanview
Mortgage
Trust
2
.500
05/25/51
68,814
Series
-
2021
1
(Class
A19)
230,493
g,i
RCKT
Mortgage
Trust
2
.500
02/25/52
182,692
Series
-
2022
2
(Class
A22)
95,242
g,i
RCKT
Mortgage
Trust
3
.500
06/25/52
81,779
Series
-
2022
4
(Class
A22)
9,850
g,i
Sequoia
Mortgage
Trust
3
.500
05/25/45
8,955
Series
-
2015
2
(Class
A1)
15,904
g,i
Sequoia
Mortgage
Trust
3
.500
02/25/47
14,272
Series
-
2017
2
(Class
A19)
30,109
g,i
Sequoia
Mortgage
Trust
3
.500
03/25/48
27,046
Series
-
2018
3
(Class
A1)
7,409
g,i
Sequoia
Mortgage
Trust
4
.000
06/25/49
6,890
Series
-
2019
2
(Class
A19)
35,456
g,i
Sequoia
Mortgage
Trust
3
.500
12/25/49
31,817
Series
-
2019
5
(Class
A19)
46,615
g,i
Sequoia
Mortgage
Trust
3
.000
04/25/50
39,224
Series
-
2020
3
(Class
A19)
88,709
g,i
Sequoia
Mortgage
Trust
2
.500
06/25/51
70,091
Series
-
2021
4
(Class
A19)
13,463
g,i
Shellpoint
Co-Originator
Trust
3
.500
04/25/47
12,142
Series
-
2017
1
(Class
A19)
770,000
g
SLG
Office
Trust
2
.851
07/15/41
559,824
Series
-
2021
OVA
(Class
E)
1,573
g,i
Structured
Agency
Credit
Risk
Debt
Note
(STACR)
3
.789
02/25/48
1,469
Series
-
2018
SPI1
(Class
M2)
2,721
g,i
STACR
3
.834
05/25/48
2,596
Series
-
2018
SPI2
(Class
M2)
675,000
g,i
UBS-Barclays
Commercial
Mortgage
Trust
3
.875
04/10/46
672,378
Series
-
2013
C6
(Class
B)
100,000
g,i
Verus
Securitization
Trust
3
.207
11/25/59
85,305
Series
-
2019
4
(Class
M1)
32,460
g
Verus
Securitization
Trust
1
.733
05/25/65
29,759
Series
-
2020
5
(Class
A3)
120,569
g,i
Verus
Securitization
Trust
2
.240
10/25/66
98,438
Series
-
2021
7
(Class
A3)
295,000
g
Wells
Fargo
Commercial
Mortgage
Trust
3
.153
09/15/57
230,283
Series
-
2015
NXS3
(Class
D)
2,164
g,i
Wells
Fargo
Mortgage
Backed
Securities
Trust
4
.000
04/25/49
2,057
Series
-
2019
2
(Class
A17)
13,676
g,i
Wells
Fargo
Mortgage
Backed
Securities
Trust
3
.500
09/25/49
12,421
Series
-
2019
4
(Class
A1)
87,459
g,i
Wells
Fargo
Mortgage
Backed
Securities
Trust
3
.000
07/25/50
74,551
Series
-
2020
4
(Class
A17)
201,786
g,i
Wells
Fargo
Mortgage
Backed
Securities
Trust
2
.500
06/25/51
159,436
Series
-
2021
2
(Class
A17)
85,965
g,i
Wells
Fargo
Mortgage
Backed
Securities
Trust
3
.000
08/25/51
71,071
Series
-
2021
INV1
(Class
A17)
97,195
g,i
Wells
Fargo
Mortgage
Backed
Securities
Trust
3
.316
08/25/51
78,806
Series
-
2021
INV1
(Class
B1)
93,711
g,i
Wells
Fargo
Mortgage
Backed
Securities
Trust
3
.000
03/25/52
77,779
Series
-
2022
INV1
(Class
A18)
117,138
g,i
Wells
Fargo
Mortgage
Backed
Securities
Trust
3
.500
03/25/52
100,853
Series
-
2022
INV1
(Class
A17)
40,000
WFRBS
Commercial
Mortgage
Trust
3
.345
05/15/45
39,885
Series
-
2013
C13
(Class
AS)
TIAA-CREF
Life
Core
Bond
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
PRINCIPAL
ISSUER
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
OTHER
MORTGAGE
BACKED—continued
$
211,702
g,i
Woodward
Capital
Management
3
.000
%
05/25/52
$
175,022
Series
-
2022
3
(Class
A21)
TOTAL
OTHER
MORTGAGE
BACKED
21,240,712
TOTAL
STRUCTURED
ASSETS
35,098,437
(Cost
$39,106,735)
TOTAL
BONDS
188,249,761
(Cost
$204,614,158)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
PREFERRED
STOCKS
-
0.0%
BANKS
-
0
.0
%
5,517
*,i
Federal
Home
Loan
Mortgage
Corp
(FHLMC)
8,772
17,265
*
Federal
National
Mortgage
Association
(FNMA)
29,696
TOTAL
BANKS
38,468
DIVERSIFIED
FINANCIALS
-
0
.0
%
2,600
e
Morgan
Stanley
66,014
TOTAL
DIVERSIFIED
FINANCIALS
66,014
TOTAL
PREFERRED
STOCKS
104,482
(Cost
$634,550)
PRINCIPAL
ISSUER
RATE
MATURITY
DATE
SHORT-TERM
INVESTMENTS
-
1.9%
GOVERNMENT
AGENCY
DEBT
-
0
.6
%
$
1,051,000
Federal
Home
Loan
Bank
(FHLB)
0
.000
04/03/23
1,051,000
TOTAL
GOVERNMENT
AGENCY
DEBT
1,051,000
SHARES
COMPANY
EXP
INVESTMENTS
IN
REGISTERED
INVESTMENT
COMPANIES
-
1
.3
%
2,608,786
c
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
4
.550
2,608,786
TOTAL
INVESTMENTS
IN
REGISTERED
INVESTMENT
COMPANIES
2,608,786
TOTAL
SHORT-TERM
INVESTMENTS
3,659,786
(Cost
$3,659,532)
TOTAL
INVESTMENTS
-
100.4%
195,639,018
(Cost
$212,652,365)
OTHER
ASSETS
&
LIABILITIES,
NET
-
(0.4)%
(
767,854
)
NET
ASSETS
-
100.0%
$
194,871,164
EUR
Euro
LIBOR
London
Interbank
Offered
Rate
M
Month
REIT
Real
Estate
Investment
Trust
REMIC
Real
Estate
Mortgage
Investment
Conduit
SOFR
Secure
Overnight
Financing
Rate
TIAA-CREF
Life
Core
Bond
Fund
March
31,
2023
Portfolio
of
Investments
(unaudited)
(continued)
Principal
denominated
in
U.S.
Dollars,
unless
otherwise
noted.
*
Non-income
producing
†
For
fair
value
measurement
disclosure
purposes,
investment
classified
as
Level
3.
‡
Perpetual
security
c
Investments
made
with
cash
collateral
received
from
securities
on
loan.
e
All
or
a
portion
of
these
securities
are
out
on
loan.
The
aggregate
value
of
securities
on
loan
is
$2,521,148.
g
Security
is
exempt
from
registration
under
Rule
144(A)
of
the
Securities
Act
of
1933,
as
amended.
These
securities
are
deemed
liquid
and
may
be
resold
in
transactions
exempt
from
registration,
which
are
normally
those
transactions
with
qualified
institutional
buyers.
h
All
or
a
portion
of
these
securities
were
purchased
on
a
delayed
delivery
basis.
i
Floating
or
variable
rate
security
includes
the
reference
rate
and
spread,
unless
the
variable
rate
is
based
on
the
underlying
asset
of
the
security.
Coupon
rate
reflects
the
rate
at
period
end.
k
Principal
amount
for
interest
accrual
purposes
is
periodically
adjusted
based
on
changes
in
the
Consumer
Price
Index.
Portfolio
of
Investments
(unaudited)
TIAA-CREF
Life
Balanced
Fund
March
31,
2023
SHARES
SECURITY
VALUE
TIAA-CREF
LIFE
FUNDS—96.8%a
FIXED
INCOME—49.8%
3,421,269
TIAA-CREF
Life
Core
Bond
Fund
$
31,373,035
TOTAL
FIXED
INCOME
31,373,035
INTERNATIONAL
EQUITY—9.9%
716,577
TIAA-CREF
Life
International
Equity
Fund
6,270,053
TOTAL
INTERNATIONAL
EQUITY
6,270,053
U.S.
EQUITY—40.2%
409,311
TIAA-CREF
Life
Growth
Equity
Fund
5,865,430
329,579
TIAA-CREF
Life
Growth
&
Income
Fund
6,354,274
331,028
TIAA-CREF
Life
Large-Cap
Value
Fund
5,528,166
99,119
TIAA-CREF
Life
Real
Estate
Securities
Fund
1,268,727
101,179
TIAA-CREF
Life
Small-Cap
Equity
Fund
1,239,445
148,435
TIAA-CREF
Life
Stock
Index
Fund
5,070,537
TOTAL
U.S.
EQUITY
25,326,579
TOTAL
TIAA-CREF
LIFE
FUNDS
62,969,667
(Cost
$57,469,975)
TOTAL
INVESTMENTS—99.9%
62,969,667
(Cost
$57,469,975)
OTHER
ASSETS
&
LIABILITIES,
NET—0.1%
48,772
NET
ASSETS—100.0%
$
63,018,439
a
The
Fund
invests
its
assets
in
the
affiliated
TIAA-CREF
Life
Funds.
TIAA-CREF
Life
Funds
March
31,
2023
Portfolio
of
Investments
(unaudited)
Organization
and
Significant
Accounting
Policies
Part
F
of
Form
N-PORT
was
prepared in
accordance
with
accounting
principles
generally
accepted
in
the
United
States
of
America
(“U.S.
GAAP”)
and
in
conformity
with
the
applicable
rules
and
regulations
of
the
U.S.
Securities
and
Exchange
Commission related
to
interim
filings. Part
F
of
Form
N-PORT
does
not
include
all
information
and
footnotes
required
by
U.S.
GAAP
for
complete
financial
statements.
Certain
footnote
disclosures
normally
included
in
financial
statements
prepared
in
accordance
with
U.S.
GAAP
have
been
condensed
or
omitted
from
this
report.
For
a
full
set
of
financial
statement
notes,
please
refer
to
the
most
recently
filed
annual
or
semiannual
report.
Valuation
of
Investments
The
Funds’
investments
in
securities
are
recorded
at
their
estimated
fair
value
utilizing
valuation
methods
approved
by
the
Adviser,
subject
to
the
review
and
oversight
of
the
Board.
Fair
value
is
defined
as
the
price
that
would
be
received
upon
selling
an
investment
or
transferring
a
liability
in
an
orderly
transaction
to
an
independent
buyer
in
the
principal
or
most
advantageous
market
for
the
investment.
U.S.
GAAP
establishes
the
three-tier
hierarchy
that
is
used
to
maximize
the
use
of
observable
market
data
and
minimize
the
use
of
unobservable
inputs
and
to
establish
classification
of
fair
value
measurements
for
disclosure
purposes.
Observable
inputs
reflect
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Observable
inputs
are
based
on
market
data
obtained
from
sources
independent
of
the
reporting
entity.
Unobservable
inputs
reflect
management’s
assumptions
about
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Unobservable
inputs
are
based
on
the
best
information
available
in
the
circumstances.
The
following
is
a
summary
of
the
three-tiered
hierarchy
of
valuation
input
levels:
Level
1
–
Inputs
are
unadjusted
and
prices
are
determined
using
quoted
prices
in
active
markets
for
identical
securities.
Level
2
–
Prices
are
determined
using
other
significant
observable
inputs
(including
quoted
prices
for
similar
securities,
interest
rates,
credit
spreads,
etc.).
Level
3
–
Prices
are
determined
using
significant
unobservable
inputs
(including
management’s
assumptions
in
determining
the
fair
value
of
investments).
The
following
table
summarizes
the
market
value
of
the
Funds’
investments
as
of
January
31,
2023,
based
on
the
inputs
used
to
value
them:
The
following
table
summarizes
the
market
value
of
the
Funds’
investments
as
of
March
31,
2023
,
based
on
the
inputs
used
to
value
them:
Fund
Level
1
Level
2
Level
3
Total
Growth
Equity
Common
stocks
$123,806,604
$5,193,816
$—
$129,000,420
Short-term
investments
—
3,970,000
—
3,970,000
Total
$123,806,604
$9,163,816
$—
$132,970,420
1
1
1
1
1
Growth
&
Income
Common
stocks
$160,035,748
$—
$—
$160,035,748
Short-term
investments
223
852,000
—
852,223
Total
$160,035,971
$852,000
$—
$160,887,971
1
1
1
1
1
Large-Cap
Value
Common
stocks
$75,748,590
$—
$160
$75,748,750
Short-term
investments
—
286,000
—
286,000
Total
$75,748,590
$286,000
$160
$76,034,750
1
1
1
1
1
Real
Estate
Securities
Common
stocks
$69,789,243
$—
$—
$69,789,243
Short-term
investments
—
595,000
—
595,000
Total
$69,789,243
$595,000
$—
$70,384,243
1
1
1
1
1
Small-Cap
Equity
Common
stocks
$57,728,641
$—
$—
$57,728,641
Short-term
investments
555
886,000
—
886,555
Futures
contracts*
10,600
—
—
10,600
Total
$57,739,796
$886,000
$—
$58,625,796
1
1
1
1
1
Social
Choice
Equity
Common
stocks
$80,298,948
$—
$—
$80,298,948
Short-term
investments
190,983
504,000
—
694,983
Futures
contracts*
16,299
—
—
16,299
Total
$80,506,230
$504,000
$—
$81,010,230
1
1
1
1
1
TIAA-CREF
Life
Funds
March
31,
2023
Portfolio
of
Investments
(unaudited)
Fund
Level
1
Level
2
Level
3
Total
Stock
Index
Common
stocks
$688,496,163
$—
$17,623
$688,513,786
Rights/Warrants
—
—
9
9
Short-term
investments
1,633,010
4,100,000
—
5,733,010
Futures
contracts*
197,920
—
—
197,920
Total
$690,327,093
$4,100,000
$17,632
$694,444,725
1
1
1
1
1
International
Equity
Common
stocks
$4,675,129
$122,947,170
$—
$127,622,299
Short-term
investments
1,931,769
3,550,000
—
5,481,769
Total
$6,606,898
$126,497,170
$—
$133,104,068
1
1
1
1
1
Core
Bond
Bank
loan
obligations
$—
$3,624,989
$—
$3,624,989
Corporate
bonds
—
72,780,060
—
72,780,060
Government
bonds
—
80,371,264
—
80,371,264
Structured
assets
—
35,098,075
362
35,098,437
Preferred
stocks
104,482
—
—
104,482
Short-term
investments
2,608,786
1,051,000
—
3,659,786
Total
$2,713,268
$192,925,388
$362
$195,639,018
1
1
1
1
1
Balanced
Registered
investment
companies
$62,969,667
$—
$—
$62,969,667
Total
$62,969,667
$—
$—
$62,969,667
1
1
1
1
1
*
For
detailed
categories,
see
the
accompanying
Schedules
of
Investments.
*
Derivative
instruments
are
not
reflected
in
the
market
value
of
portfolio
investments.