Portfolio

of

Investments

(unaudited)

TIAA-CREF

Life

Growth

Equity

Fund

March

31,

2023

1

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

2

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

3

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)

4

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

5

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

6

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

7

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

8

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

9

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)

10

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

11

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)

12

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

13

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

14

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

15

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

16

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

17

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

18

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

19

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

20

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

21

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

22

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

23

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

24

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

25

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

26

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

27

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

28

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

29

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

30

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

31

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)

32

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

33

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

34

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

35

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

36

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

37

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

38

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

39

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

40

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

41

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

42

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

43

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

44

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

45

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

46

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

47

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

48

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

49

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

50

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

51

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

52

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

53

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

54

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

55

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

56

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

57

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

58

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

59

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

60

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

61

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

62

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

63

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

64

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

65

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

66

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

67

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

68

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

69

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

70

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

71

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

72

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

73

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

74

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

75

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

76

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

77

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

78

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

79

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

80

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

81

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

82

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

83

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)

84

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

85

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

86

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

87

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

88

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

89

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

90

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

91

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

92

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

93

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

94

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

95

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

96

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

97

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

98

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

99

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

100

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

101

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

102

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

103

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

104

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

105

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

106

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

107

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

108

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

109

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)

110

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

111

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.

A10942-D

(11/22)