TIAA-CREF

LIFECYCLE

FUNDS

-

Lifecycle

Retirement

Income

Fund

1

TIAA-CREF

LIFECYCLE

FUNDS

LIFECYCLE

RETIREMENT

INCOME

FUND

SCHEDULE

OF

INVESTMENTS

(unaudited)

August

31,

2021

SHARES

SECURITY

VALUE

AFFILIATED

INVESTMENT

COMPANIES—99.9%

a

DIRECT

REAL

ESTATE—4.0%

2,313,703

b

TIAA-CREF

Real

Property

Fund

LP

(purchased

8/01/16-8/30/21;

cost

$24,662,082)

$

26,561,306‌

TOTAL

DIRECT

REAL

ESTATE

26,561,306‌

FIXED

INCOME—39.8%

12,625,646

TIAA-CREF

Core

Bond

Fund

137,240,770‌

7,701,948

TIAA-CREF

Core

Plus

Bond

Fund

85,029,510‌

1,203,015

TIAA-CREF

Emerging

Markets

Debt

Fund

12,391,057‌

1,352,854

TIAA-CREF

High-Yield

Fund

13,055,044‌

1,341,144

TIAA-CREF

International

Bond

Fund

13,612,613‌

TOTAL

FIXED

INCOME

261,328,994‌

INFLATION-PROTECTED

ASSETS—9.9%

5,176,319

TIAA-CREF

Inflation-Linked

Bond

Fund

65,273,386‌

TOTAL

INFLATION-PROTECTED

ASSETS

65,273,386‌

INTERNATIONAL

EQUITY—11.2%

260,311

Nuveen

International

Growth

Fund

15,746,194‌

734,820

TIAA-CREF

Emerging

Markets

Equity

Fund

9,273,430‌

1,510,195

TIAA-CREF

International

Equity

Fund

22,169,658‌

768,111

TIAA-CREF

International

Opportunities

Fund

15,638,735‌

845,179

TIAA-CREF

Quant

International

Small-Cap

Equity

Fund

10,759,129‌

TOTAL

INTERNATIONAL

EQUITY

73,587,146‌

SHORT-TERM

FIXED

INCOME—10.0%

6,238,940

TIAA-CREF

Short-Term

Bond

Fund

65,321,698‌

TOTAL

SHORT-TERM

FIXED

INCOME

65,321,698‌

U.S.

EQUITY—25.0%

1,503,585

Nuveen

Dividend

Value

Fund

24,418,225‌

423,742

Nuveen

Santa

Barbara

Dividend

Growth

Fund

23,310,028‌

1,177,642

TIAA-CREF

Growth

&

Income

Fund

23,281,992‌

998,620

TIAA-CREF

Large-Cap

Growth

Fund

26,842,910‌

448,992

TIAA-CREF

Large-Cap

Growth

Index

Fund

26,831,734‌

1,069,677

TIAA-CREF

Large-Cap

Value

Fund

24,388,633‌

307,503

TIAA-CREF

Quant

Small-Cap

Equity

Fund

6,998,775‌

458,618

TIAA-CREF

Quant

Small/Mid-Cap

Equity

Fund

8,177,163‌

TOTAL

U.S.

EQUITY

164,249,460‌

TOTAL

AFFILIATED

INVESTMENT

COMPANIES

656,321,990‌

(Cost

$556,560,813)

TOTAL

INVESTMENTS—99.9%

656,321,990‌

(Cost

$556,560,813)

OTHER

ASSETS

&

LIABILITIES,

NET—0.1%

462,744‌

NET

ASSETS—100.0%

$

656,784,734‌

a

The

Fund

invests

its

assets

in

the

affiliated

TIAA-CREF

Real

Property

Fund

LP,

Class

W

shares

of

the

affiliated

TIAA-CREF

Funds

and

Class

R6

shares

of

the

affiliated

Nuveen

Funds.

b

Restricted

security.

At

8/31/21,

the

total

value

of

this

security

amounted

to

$26,561,306

or

4.0%

of

net

assets.

TIAA-CREF

LIFECYCLE

FUNDS

-

Lifecycle

2010

Fund

2

TIAA-CREF

LIFECYCLE

FUNDS

LIFECYCLE

2010

FUND

SCHEDULE

OF

INVESTMENTS

(unaudited)

August

31,

2021

SHARES

SECURITY

VALUE

AFFILIATED

INVESTMENT

COMPANIES—100.0%

a

DIRECT

REAL

ESTATE—3.6%

3,966,343

b

TIAA-CREF

Real

Property

Fund

LP

(purchased

7/01/16-8/30/21;

cost

$41,468,532)

$

45,533,621‌

TOTAL

DIRECT

REAL

ESTATE

45,533,621‌

FIXED

INCOME—39.8%

24,266,686

TIAA-CREF

Core

Bond

Fund

263,778,882‌

14,802,484

TIAA-CREF

Core

Plus

Bond

Fund

163,419,429‌

2,314,569

TIAA-CREF

Emerging

Markets

Debt

Fund

23,840,061‌

2,600,820

TIAA-CREF

High-Yield

Fund

25,097,909‌

2,576,724

TIAA-CREF

International

Bond

Fund

26,153,746‌

TOTAL

FIXED

INCOME

502,290,027‌

INFLATION-PROTECTED

ASSETS—9.9%

9,946,645

TIAA-CREF

Inflation-Linked

Bond

Fund

125,427,189‌

TOTAL

INFLATION-PROTECTED

ASSETS

125,427,189‌

INTERNATIONAL

EQUITY—11.0%

491,037

Nuveen

International

Growth

Fund

29,702,826‌

1,381,077

TIAA-CREF

Emerging

Markets

Equity

Fund

17,429,187‌

2,847,977

TIAA-CREF

International

Equity

Fund

41,808,305‌

1,449,533

TIAA-CREF

International

Opportunities

Fund

29,512,482‌

1,594,864

TIAA-CREF

Quant

International

Small-Cap

Equity

Fund

20,302,625‌

TOTAL

INTERNATIONAL

EQUITY

138,755,425‌

SHORT-TERM

FIXED

INCOME—11.1%

13,341,562

TIAA-CREF

Short-Term

Bond

Fund

139,686,151‌

TOTAL

SHORT-TERM

FIXED

INCOME

139,686,151‌

U.S.

EQUITY—24.6%

2,839,039

Nuveen

Dividend

Value

Fund

46,105,995‌

794,392

Nuveen

Santa

Barbara

Dividend

Growth

Fund

43,699,524‌

2,225,484

TIAA-CREF

Growth

&

Income

Fund

43,997,829‌

1,883,475

TIAA-CREF

Large-Cap

Growth

Fund

50,627,820‌

846,602

TIAA-CREF

Large-Cap

Growth

Index

Fund

50,592,922‌

2,019,833

TIAA-CREF

Large-Cap

Value

Fund

46,052,198‌

579,136

TIAA-CREF

Quant

Small-Cap

Equity

Fund

13,181,132‌

863,971

TIAA-CREF

Quant

Small/Mid-Cap

Equity

Fund

15,404,595‌

TOTAL

U.S.

EQUITY

309,662,015‌

TOTAL

AFFILIATED

INVESTMENT

COMPANIES

1,261,354,428‌

(Cost

$1,033,376,573)

TOTAL

INVESTMENTS—100.0%

1,261,354,428‌

(Cost

$1,033,376,573)

OTHER

ASSETS

&

LIABILITIES,

NET—0.0%

281,558‌

NET

ASSETS—100.0%

$

1,261,635,986‌

a

The

Fund

invests

its

assets

in

the

affiliated

TIAA-CREF

Real

Property

Fund

LP,

Class

W

shares

of

the

affiliated

TIAA-CREF

Funds

and

Class

R6

shares

of

the

affiliated

Nuveen

Funds.

b

Restricted

security.

At

8/31/21,

the

total

value

of

this

security

amounted

to

$45,533,621

or

3.6%

of

net

assets.

TIAA-CREF

LIFECYCLE

FUNDS

-

Lifecycle

2015

Fund

3

TIAA-CREF

LIFECYCLE

FUNDS

LIFECYCLE

2015

FUND

SCHEDULE

OF

INVESTMENTS

(unaudited)

August

31,

2021

SHARES

SECURITY

VALUE

AFFILIATED

INVESTMENT

COMPANIES—100.0%

a

DIRECT

REAL

ESTATE—4.1%

6,403,779

b

TIAA-CREF

Real

Property

Fund

LP

(purchased

11/28/16-8/30/21;

cost

$67,675,945)

$

73,515,378‌

TOTAL

DIRECT

REAL

ESTATE

73,515,378‌

FIXED

INCOME—39.0%

34,259,701

TIAA-CREF

Core

Bond

Fund

372,402,946‌

20,899,281

TIAA-CREF

Core

Plus

Bond

Fund

230,728,060‌

3,265,320

TIAA-CREF

Emerging

Markets

Debt

Fund

33,632,799‌

3,679,101

TIAA-CREF

High-Yield

Fund

35,503,322‌

3,638,094

TIAA-CREF

International

Bond

Fund

36,926,652‌

TOTAL

FIXED

INCOME

709,193,779‌

INFLATION-PROTECTED

ASSETS—8.4%

12,099,752

TIAA-CREF

Inflation-Linked

Bond

Fund

152,577,872‌

TOTAL

INFLATION-PROTECTED

ASSETS

152,577,872‌

INTERNATIONAL

EQUITY—12.4%

797,380

Nuveen

International

Growth

Fund

48,233,543‌

2,245,184

TIAA-CREF

Emerging

Markets

Equity

Fund

28,334,226‌

4,628,223

TIAA-CREF

International

Equity

Fund

67,942,315‌

2,357,757

TIAA-CREF

International

Opportunities

Fund

48,003,925‌

2,592,278

TIAA-CREF

Quant

International

Small-Cap

Equity

Fund

32,999,700‌

TOTAL

INTERNATIONAL

EQUITY

225,513,709‌

SHORT-TERM

FIXED

INCOME—8.4%

14,582,646

TIAA-CREF

Short-Term

Bond

Fund

152,680,307‌

TOTAL

SHORT-TERM

FIXED

INCOME

152,680,307‌

U.S.

EQUITY—27.7%

4,617,250

Nuveen

Dividend

Value

Fund

74,984,134‌

1,290,747

Nuveen

Santa

Barbara

Dividend

Growth

Fund

71,003,988‌

3,610,686

TIAA-CREF

Growth

&

Income

Fund

71,383,266‌

3,060,898

TIAA-CREF

Large-Cap

Growth

Fund

82,276,932‌

1,376,261

TIAA-CREF

Large-Cap

Growth

Index

Fund

82,245,384‌

3,282,109

TIAA-CREF

Large-Cap

Value

Fund

74,832,078‌

941,282

TIAA-CREF

Quant

Small-Cap

Equity

Fund

21,423,575‌

1,404,036

TIAA-CREF

Quant

Small/Mid-Cap

Equity

Fund

25,033,956‌

TOTAL

U.S.

EQUITY

503,183,313‌

TOTAL

AFFILIATED

INVESTMENT

COMPANIES

1,816,664,358‌

(Cost

$1,548,082,787)

TOTAL

INVESTMENTS—100.0%

1,816,664,358‌

(Cost

$1,548,082,787)

OTHER

ASSETS

&

LIABILITIES,

NET—0.0%

631,538‌

NET

ASSETS—100.0%

$

1,817,295,896‌

a

The

Fund

invests

its

assets

in

the

affiliated

TIAA-CREF

Real

Property

Fund

LP,

Class

W

shares

of

the

affiliated

TIAA-CREF

Funds

and

Class

R6

shares

of

the

affiliated

Nuveen

Funds.

b

Restricted

security.

At

8/31/21,

the

total

value

of

this

security

amounted

to

$73,515,378

or

4.1%

of

net

assets.

TIAA-CREF

LIFECYCLE

FUNDS

-

Lifecycle

2020

Fund

4

TIAA-CREF

LIFECYCLE

FUNDS

LIFECYCLE

2020

FUND

SCHEDULE

OF

INVESTMENTS

(unaudited)

August

31,

2021

SHARES

SECURITY

VALUE

AFFILIATED

INVESTMENT

COMPANIES—99.9%

a

DIRECT

REAL

ESTATE—4.0%

14,058,927

b

TIAA-CREF

Real

Property

Fund

LP

(purchased

11/28/16-8/30/21;

cost

$149,092,510)

$

161,396,478‌

TOTAL

DIRECT

REAL

ESTATE

161,396,478‌

FIXED

INCOME—38.0%

73,253,094

TIAA-CREF

Core

Bond

Fund

796,261,135‌

44,691,403

TIAA-CREF

Core

Plus

Bond

Fund

493,393,092‌

6,982,162

TIAA-CREF

Emerging

Markets

Debt

Fund

71,916,272‌

7,848,513

TIAA-CREF

High-Yield

Fund

75,738,148‌

7,771,500

TIAA-CREF

International

Bond

Fund

78,880,722‌

TOTAL

FIXED

INCOME

1,516,189,369‌

INFLATION-PROTECTED

ASSETS—6.4%

20,281,039

TIAA-CREF

Inflation-Linked

Bond

Fund

255,743,902‌

TOTAL

INFLATION-PROTECTED

ASSETS

255,743,902‌

INTERNATIONAL

EQUITY—14.0%

1,972,575

Nuveen

International

Growth

Fund

119,321,052‌

5,548,011

TIAA-CREF

Emerging

Markets

Equity

Fund

70,015,902‌

11,420,728

TIAA-CREF

International

Equity

Fund

167,656,293‌

5,824,012

TIAA-CREF

International

Opportunities

Fund

118,576,887‌

6,401,368

TIAA-CREF

Quant

International

Small-Cap

Equity

Fund

81,489,419‌

TOTAL

INTERNATIONAL

EQUITY

557,059,553‌

SHORT-TERM

FIXED

INCOME—6.4%

24,426,453

TIAA-CREF

Short-Term

Bond

Fund

255,744,965‌

TOTAL

SHORT-TERM

FIXED

INCOME

255,744,965‌

U.S.

EQUITY—31.1%

11,379,254

Nuveen

Dividend

Value

Fund

184,799,092‌

3,204,809

Nuveen

Santa

Barbara

Dividend

Growth

Fund

176,296,529‌

8,920,531

TIAA-CREF

Growth

&

Income

Fund

176,358,905‌

7,540,810

TIAA-CREF

Large-Cap

Growth

Fund

202,696,963‌

3,400,000

TIAA-CREF

Large-Cap

Growth

Index

Fund

203,184,030‌

8,099,369

TIAA-CREF

Large-Cap

Value

Fund

184,665,617‌

2,323,338

TIAA-CREF

Quant

Small-Cap

Equity

Fund

52,879,173‌

3,468,316

TIAA-CREF

Quant

Small/Mid-Cap

Equity

Fund

61,840,077‌

TOTAL

U.S.

EQUITY

1,242,720,386‌

TOTAL

AFFILIATED

INVESTMENT

COMPANIES

3,988,854,653‌

(Cost

$3,349,065,188)

TOTAL

INVESTMENTS—99.9%

3,988,854,653‌

(Cost

$3,349,065,188)

OTHER

ASSETS

&

LIABILITIES,

NET—0.1%

4,559,811‌

NET

ASSETS—100.0%

$

3,993,414,464‌

a

The

Fund

invests

its

assets

in

the

affiliated

TIAA-CREF

Real

Property

Fund

LP,

Class

W

shares

of

the

affiliated

TIAA-CREF

Funds

and

Class

R6

shares

of

the

affiliated

Nuveen

Funds.

b

Restricted

security.

At

8/31/21,

the

total

value

of

this

security

amounted

to

$161,396,478

or

4.0%

of

net

assets.

TIAA-CREF

LIFECYCLE

FUNDS

-

Lifecycle

2025

Fund

5

TIAA-CREF

LIFECYCLE

FUNDS

LIFECYCLE

2025

FUND

SCHEDULE

OF

INVESTMENTS

(unaudited)

August

31,

2021

SHARES

SECURITY

VALUE

AFFILIATED

INVESTMENT

COMPANIES—99.9%

a

DIRECT

REAL

ESTATE—4.1%

19,658,877

b

TIAA-CREF

Real

Property

Fund

LP

(purchased

8/01/16-8/30/21;

cost

$209,809,648)

$

225,683,911‌

TOTAL

DIRECT

REAL

ESTATE

225,683,911‌

FIXED

INCOME—34.0%

91,731,181

TIAA-CREF

Core

Bond

Fund

997,117,940‌

55,950,982

TIAA-CREF

Core

Plus

Bond

Fund

617,698,845‌

8,760,289

TIAA-CREF

Emerging

Markets

Debt

Fund

90,230,977‌

9,831,406

TIAA-CREF

High-Yield

Fund

94,873,065‌

9,745,519

TIAA-CREF

International

Bond

Fund

98,917,016‌

TOTAL

FIXED

INCOME

1,898,837,843‌

INFLATION-PROTECTED

ASSETS—4.4%

19,543,437

TIAA-CREF

Inflation-Linked

Bond

Fund

246,442,741‌

TOTAL

INFLATION-PROTECTED

ASSETS

246,442,741‌

INTERNATIONAL

EQUITY—16.4%

3,246,313

Nuveen

International

Growth

Fund

196,369,454‌

9,137,207

TIAA-CREF

Emerging

Markets

Equity

Fund

115,311,548‌

18,769,339

TIAA-CREF

International

Equity

Fund

275,533,903‌

9,579,841

TIAA-CREF

International

Opportunities

Fund

195,045,556‌

10,500,327

TIAA-CREF

Quant

International

Small-Cap

Equity

Fund

133,669,168‌

TOTAL

INTERNATIONAL

EQUITY

915,929,629‌

SHORT-TERM

FIXED

INCOME—4.4%

23,552,293

TIAA-CREF

Short-Term

Bond

Fund

246,592,509‌

TOTAL

SHORT-TERM

FIXED

INCOME

246,592,509‌

U.S.

EQUITY—36.6%

18,717,522

Nuveen

Dividend

Value

Fund

303,972,552‌

5,271,575

Nuveen

Santa

Barbara

Dividend

Growth

Fund

289,989,328‌

14,666,357

TIAA-CREF

Growth

&

Income

Fund

289,953,883‌

12,416,490

TIAA-CREF

Large-Cap

Growth

Fund

333,755,255‌

5,591,191

TIAA-CREF

Large-Cap

Growth

Index

Fund

334,129,575‌

13,318,653

TIAA-CREF

Large-Cap

Value

Fund

303,665,287‌

3,821,439

TIAA-CREF

Quant

Small-Cap

Equity

Fund

86,975,941‌

5,701,149

TIAA-CREF

Quant

Small/Mid-Cap

Equity

Fund

101,651,492‌

TOTAL

U.S.

EQUITY

2,044,093,313‌

TOTAL

AFFILIATED

INVESTMENT

COMPANIES

5,577,579,946‌

(Cost

$4,596,027,740)

TOTAL

INVESTMENTS—99.9%

5,577,579,946‌

(Cost

$4,596,027,740)

OTHER

ASSETS

&

LIABILITIES,

NET—0.1%

6,553,394‌

NET

ASSETS—100.0%

$

5,584,133,340‌

a

The

Fund

invests

its

assets

in

the

affiliated

TIAA-CREF

Real

Property

Fund

LP,

Class

W

shares

of

the

affiliated

TIAA-CREF

Funds

and

Class

R6

shares

of

the

affiliated

Nuveen

Funds.

b

Restricted

security.

At

8/31/21,

the

total

value

of

this

security

amounted

to

$225,683,911

or

4.1%

of

net

assets.

TIAA-CREF

LIFECYCLE

FUNDS

-

Lifecycle

2030

Fund

6

TIAA-CREF

LIFECYCLE

FUNDS

LIFECYCLE

2030

FUND

SCHEDULE

OF

INVESTMENTS

(unaudited)

August

31,

2021

SHARES

SECURITY

VALUE

AFFILIATED

INVESTMENT

COMPANIES—99.9%

a

DIRECT

REAL

ESTATE—4.0%

21,177,926

b

TIAA-CREF

Real

Property

Fund

LP

(purchased

8/01/16-8/30/21;

cost

$226,918,925)

$

243,122,595‌

TOTAL

DIRECT

REAL

ESTATE

243,122,595‌

FIXED

INCOME—29.2%

84,975,001

TIAA-CREF

Core

Bond

Fund

923,678,261‌

51,796,815

TIAA-CREF

Core

Plus

Bond

Fund

571,836,840‌

8,093,778

TIAA-CREF

Emerging

Markets

Debt

Fund

83,365,910‌

9,112,133

TIAA-CREF

High-Yield

Fund

87,932,085‌

9,026,538

TIAA-CREF

International

Bond

Fund

91,619,364‌

TOTAL

FIXED

INCOME

1,758,432,460‌

INFLATION-PROTECTED

ASSETS—2.4%

11,590,658

TIAA-CREF

Inflation-Linked

Bond

Fund

146,158,195‌

TOTAL

INFLATION-PROTECTED

ASSETS

146,158,195‌

INTERNATIONAL

EQUITY—19.2%

4,086,396

Nuveen

International

Growth

Fund

247,186,105‌

11,485,315

TIAA-CREF

Emerging

Markets

Equity

Fund

144,944,676‌

23,568,575

TIAA-CREF

International

Equity

Fund

345,986,677‌

12,080,704

TIAA-CREF

International

Opportunities

Fund

245,963,143‌

13,177,880

TIAA-CREF

Quant

International

Small-Cap

Equity

Fund

167,754,407‌

TOTAL

INTERNATIONAL

EQUITY

1,151,835,008‌

SHORT-TERM

FIXED

INCOME—2.5%

13,973,470

TIAA-CREF

Short-Term

Bond

Fund

146,302,233‌

TOTAL

SHORT-TERM

FIXED

INCOME

146,302,233‌

U.S.

EQUITY—42.6%

23,523,476

Nuveen

Dividend

Value

Fund

382,021,258‌

6,612,609

Nuveen

Santa

Barbara

Dividend

Growth

Fund

363,759,614‌

18,399,635

TIAA-CREF

Growth

&

Income

Fund

363,760,777‌

15,567,398

TIAA-CREF

Large-Cap

Growth

Fund

418,451,647‌

7,017,275

TIAA-CREF

Large-Cap

Growth

Index

Fund

419,352,371‌

16,750,617

TIAA-CREF

Large-Cap

Value

Fund

381,914,062‌

4,795,808

TIAA-CREF

Quant

Small-Cap

Equity

Fund

109,152,595‌

7,159,548

TIAA-CREF

Quant

Small/Mid-Cap

Equity

Fund

127,654,739‌

TOTAL

U.S.

EQUITY

2,566,067,063‌

TOTAL

AFFILIATED

INVESTMENT

COMPANIES

6,011,917,554‌

(Cost

$4,845,239,906)

TOTAL

INVESTMENTS—99.9%

6,011,917,554‌

(Cost

$4,845,239,906)

OTHER

ASSETS

&

LIABILITIES,

NET—0.1%

6,791,450‌

NET

ASSETS—100.0%

$

6,018,709,004‌

a

The

Fund

invests

its

assets

in

the

affiliated

TIAA-CREF

Real

Property

Fund

LP,

Class

W

shares

of

the

affiliated

TIAA-CREF

Funds

and

Class

R6

shares

of

the

affiliated

Nuveen

Funds.

b

Restricted

security.

At

8/31/21,

the

total

value

of

this

security

amounted

to

$243,122,595

or

4.0%

of

net

assets.

TIAA-CREF

LIFECYCLE

FUNDS

-

Lifecycle

2035

Fund

7

TIAA-CREF

LIFECYCLE

FUNDS

LIFECYCLE

2035

FUND

SCHEDULE

OF

INVESTMENTS

(unaudited)

August

31,

2021

SHARES

SECURITY

VALUE

AFFILIATED

INVESTMENT

COMPANIES—99.9%

a

DIRECT

REAL

ESTATE—4.1%

21,902,658

b

TIAA-CREF

Real

Property

Fund

LP

(purchased

8/01/16-8/30/21;

cost

$234,823,527)

$

251,442,519‌

TOTAL

DIRECT

REAL

ESTATE

251,442,519‌

FIXED

INCOME—24.4%

73,427,270

TIAA-CREF

Core

Bond

Fund

798,154,423‌

44,783,969

TIAA-CREF

Core

Plus

Bond

Fund

494,415,016‌

7,016,776

TIAA-CREF

Emerging

Markets

Debt

Fund

72,272,792‌

7,881,524

TIAA-CREF

High-Yield

Fund

76,056,703‌

7,795,745

TIAA-CREF

International

Bond

Fund

79,126,815‌

TOTAL

FIXED

INCOME

1,520,025,749‌

INFLATION-PROTECTED

ASSETS—0.5%

2,205,900

TIAA-CREF

Inflation-Linked

Bond

Fund

27,816,400‌

TOTAL

INFLATION-PROTECTED

ASSETS

27,816,400‌

INTERNATIONAL

EQUITY—21.8%

4,829,532

Nuveen

International

Growth

Fund

292,138,381‌

13,538,453

TIAA-CREF

Emerging

Markets

Equity

Fund

170,855,282‌

27,825,870

TIAA-CREF

International

Equity

Fund

408,483,764‌

14,274,238

TIAA-CREF

International

Opportunities

Fund

290,623,493‌

15,560,233

TIAA-CREF

Quant

International

Small-Cap

Equity

Fund

198,081,764‌

TOTAL

INTERNATIONAL

EQUITY

1,360,182,684‌

SHORT-TERM

FIXED

INCOME—0.4%

2,653,761

TIAA-CREF

Short-Term

Bond

Fund

27,784,876‌

TOTAL

SHORT-TERM

FIXED

INCOME

27,784,876‌

U.S.

EQUITY—48.7%

27,791,996

Nuveen

Dividend

Value

Fund

451,342,017‌

7,810,719

Nuveen

Santa

Barbara

Dividend

Growth

Fund

429,667,662‌

21,736,033

TIAA-CREF

Growth

&

Income

Fund

429,721,370‌

18,393,781

TIAA-CREF

Large-Cap

Growth

Fund

494,424,837‌

8,285,305

TIAA-CREF

Large-Cap

Growth

Index

Fund

495,129,798‌

19,759,416

TIAA-CREF

Large-Cap

Value

Fund

450,514,682‌

5,668,396

TIAA-CREF

Quant

Small-Cap

Equity

Fund

129,012,694‌

8,456,563

TIAA-CREF

Quant

Small/Mid-Cap

Equity

Fund

150,780,522‌

TOTAL

U.S.

EQUITY

3,030,593,582‌

TOTAL

AFFILIATED

INVESTMENT

COMPANIES

6,217,845,810‌

(Cost

$4,881,421,935)

TOTAL

INVESTMENTS—99.9%

6,217,845,810‌

(Cost

$4,881,421,935)

OTHER

ASSETS

&

LIABILITIES,

NET—0.1%

8,337,389‌

NET

ASSETS—100.0%

$

6,226,183,199‌

a

The

Fund

invests

its

assets

in

the

affiliated

TIAA-CREF

Real

Property

Fund

LP,

Class

W

shares

of

the

affiliated

TIAA-CREF

Funds

and

Class

R6

shares

of

the

affiliated

Nuveen

Funds.

b

Restricted

security.

At

8/31/21,

the

total

value

of

this

security

amounted

to

$251,442,519

or

4.1%

of

net

assets.

TIAA-CREF

LIFECYCLE

FUNDS

-

Lifecycle

2040

Fund

8

TIAA-CREF

LIFECYCLE

FUNDS

LIFECYCLE

2040

FUND

SCHEDULE

OF

INVESTMENTS

(unaudited)

August

31,

2021

SHARES

SECURITY

VALUE

AFFILIATED

INVESTMENT

COMPANIES—99.9%

a

DIRECT

REAL

ESTATE—4.0%

26,006,612

b

TIAA-CREF

Real

Property

Fund

LP

(purchased

8/01/16-8/30/21;

cost

$278,123,333)

$

298,555,909‌

TOTAL

DIRECT

REAL

ESTATE

298,555,909‌

FIXED

INCOME—16.6%

59,086,275

TIAA-CREF

Core

Bond

Fund

642,267,805‌

36,079,474

TIAA-CREF

Core

Plus

Bond

Fund

398,317,388‌

5,629,284

TIAA-CREF

Emerging

Markets

Debt

Fund

57,981,625‌

6,337,207

TIAA-CREF

High-Yield

Fund

61,154,050‌

6,286,638

TIAA-CREF

International

Bond

Fund

63,809,376‌

TOTAL

FIXED

INCOME

1,223,530,244‌

INTERNATIONAL

EQUITY—24.6%

6,445,589

Nuveen

International

Growth

Fund

389,893,687‌

18,098,448

TIAA-CREF

Emerging

Markets

Equity

Fund

228,402,419‌

37,162,195

TIAA-CREF

International

Equity

Fund

545,541,016‌

19,041,791

TIAA-CREF

International

Opportunities

Fund

387,690,862‌

20,762,807

TIAA-CREF

Quant

International

Small-Cap

Equity

Fund

264,310,536‌

TOTAL

INTERNATIONAL

EQUITY

1,815,838,520‌

U.S.

EQUITY—54.7%

37,021,018

Nuveen

Dividend

Value

Fund

601,221,331‌

10,432,133

Nuveen

Santa

Barbara

Dividend

Growth

Fund

573,871,634‌

29,011,324

TIAA-CREF

Growth

&

Income

Fund

573,553,870‌

24,505,000

TIAA-CREF

Large-Cap

Growth

Fund

658,694,404‌

11,059,895

TIAA-CREF

Large-Cap

Growth

Index

Fund

660,939,338‌

26,377,499

TIAA-CREF

Large-Cap

Value

Fund

601,406,985‌

7,562,271

TIAA-CREF

Quant

Small-Cap

Equity

Fund

172,117,288‌

11,317,541

TIAA-CREF

Quant

Small/Mid-Cap

Equity

Fund

201,791,754‌

TOTAL

U.S.

EQUITY

4,043,596,604‌

TOTAL

AFFILIATED

INVESTMENT

COMPANIES

7,381,521,277‌

(Cost

$5,638,457,954)

TOTAL

INVESTMENTS—99.9%

7,381,521,277‌

(Cost

$5,638,457,954)

OTHER

ASSETS

&

LIABILITIES,

NET—0.1%

10,084,276‌

NET

ASSETS—100.0%

$

7,391,605,553‌

a

The

Fund

invests

its

assets

in

the

affiliated

TIAA-CREF

Real

Property

Fund

LP,

Class

W

shares

of

the

affiliated

TIAA-CREF

Funds

and

Class

R6

shares

of

the

affiliated

Nuveen

Funds.

b

Restricted

security.

At

8/31/21,

the

total

value

of

this

security

amounted

to

$298,555,909

or

4.0%

of

net

assets.

TIAA-CREF

LIFECYCLE

FUNDS

-

Lifecycle

2045

Fund

9

TIAA-CREF

LIFECYCLE

FUNDS

LIFECYCLE

2045

FUND

SCHEDULE

OF

INVESTMENTS

(unaudited)

August

31,

2021

SHARES

SECURITY

VALUE

AFFILIATED

INVESTMENT

COMPANIES—99.8%

a

DIRECT

REAL

ESTATE—4.0%

17,057,322

b

TIAA-CREF

Real

Property

Fund

LP

(purchased

8/01/16-8/30/21;

cost

$183,629,217)

$

195,818,053‌

TOTAL

DIRECT

REAL

ESTATE

195,818,053‌

FIXED

INCOME—7.8%

18,280,231

TIAA-CREF

Core

Bond

Fund

198,706,116‌

11,185,412

TIAA-CREF

Core

Plus

Bond

Fund

123,486,952‌

1,765,015

TIAA-CREF

Emerging

Markets

Debt

Fund

18,179,650‌

1,979,333

TIAA-CREF

High-Yield

Fund

19,100,568‌

1,951,875

TIAA-CREF

International

Bond

Fund

19,811,532‌

TOTAL

FIXED

INCOME

379,284,818‌

INTERNATIONAL

EQUITY—27.3%

4,685,325

Nuveen

International

Growth

Fund

283,415,288‌

13,159,217

TIAA-CREF

Emerging

Markets

Equity

Fund

166,069,319‌

27,065,791

TIAA-CREF

International

Equity

Fund

397,325,806‌

13,892,599

TIAA-CREF

International

Opportunities

Fund

282,853,324‌

15,103,244

TIAA-CREF

Quant

International

Small-Cap

Equity

Fund

192,264,296‌

TOTAL

INTERNATIONAL

EQUITY

1,321,928,033‌

U.S.

EQUITY—60.7%

26,975,197

Nuveen

Dividend

Value

Fund

438,077,197‌

7,582,242

Nuveen

Santa

Barbara

Dividend

Growth

Fund

417,099,117‌

21,095,388

TIAA-CREF

Growth

&

Income

Fund

417,055,824‌

17,850,385

TIAA-CREF

Large-Cap

Growth

Fund

479,818,356‌

8,048,548

TIAA-CREF

Large-Cap

Growth

Index

Fund

480,981,254‌

19,230,915

TIAA-CREF

Large-Cap

Value

Fund

438,464,860‌

5,506,269

TIAA-CREF

Quant

Small-Cap

Equity

Fund

125,322,692‌

8,232,969

TIAA-CREF

Quant

Small/Mid-Cap

Equity

Fund

146,793,845‌

TOTAL

U.S.

EQUITY

2,943,613,145‌

TOTAL

AFFILIATED

INVESTMENT

COMPANIES

4,840,644,049‌

(Cost

$3,557,172,174)

TOTAL

INVESTMENTS—99.8%

4,840,644,049‌

(Cost

$3,557,172,174)

OTHER

ASSETS

&

LIABILITIES,

NET—0.2%

7,301,155‌

NET

ASSETS—100.0%

$

4,847,945,204‌

a

The

Fund

invests

its

assets

in

the

affiliated

TIAA-CREF

Real

Property

Fund

LP,

Class

W

shares

of

the

affiliated

TIAA-CREF

Funds

and

Class

R6

shares

of

the

affiliated

Nuveen

Funds.

b

Restricted

security.

At

8/31/21,

the

total

value

of

this

security

amounted

to

$195,818,053

or

4.0%

of

net

assets.

TIAA-CREF

LIFECYCLE

FUNDS

-

Lifecycle

2050

Fund

10

TIAA-CREF

LIFECYCLE

FUNDS

LIFECYCLE

2050

FUND

SCHEDULE

OF

INVESTMENTS

(unaudited)

August

31,

2021

SHARES

SECURITY

VALUE

AFFILIATED

INVESTMENT

COMPANIES—99.8%

a

DIRECT

REAL

ESTATE—4.0%

12,506,979

b

TIAA-CREF

Real

Property

Fund

LP

(purchased

8/01/16-8/30/21;

cost

$135,100,620)

$

143,580,122‌

TOTAL

DIRECT

REAL

ESTATE

143,580,122‌

FIXED

INCOME—4.9%

8,404,119

TIAA-CREF

Core

Bond

Fund

91,352,777‌

5,166,331

TIAA-CREF

Core

Plus

Bond

Fund

57,036,289‌

833,038

TIAA-CREF

Emerging

Markets

Debt

Fund

8,580,294‌

919,238

TIAA-CREF

High-Yield

Fund

8,870,645‌

898,619

TIAA-CREF

International

Bond

Fund

9,120,988‌

TOTAL

FIXED

INCOME

174,960,993‌

INTERNATIONAL

EQUITY—28.2%

3,550,378

Nuveen

International

Growth

Fund

214,762,345‌

9,990,417

TIAA-CREF

Emerging

Markets

Equity

Fund

126,079,065‌

20,510,085

TIAA-CREF

International

Equity

Fund

301,088,054‌

10,514,152

TIAA-CREF

International

Opportunities

Fund

214,068,126‌

11,431,967

TIAA-CREF

Quant

International

Small-Cap

Equity

Fund

145,528,938‌

TOTAL

INTERNATIONAL

EQUITY

1,001,526,528‌

U.S.

EQUITY—62.7%

20,424,557

Nuveen

Dividend

Value

Fund

331,694,801‌

5,736,530

Nuveen

Santa

Barbara

Dividend

Growth

Fund

315,566,504‌

15,986,147

TIAA-CREF

Growth

&

Income

Fund

316,046,122‌

13,533,527

TIAA-CREF

Large-Cap

Growth

Fund

363,781,217‌

6,098,694

TIAA-CREF

Large-Cap

Growth

Index

Fund

364,457,941‌

14,573,868

TIAA-CREF

Large-Cap

Value

Fund

332,284,199‌

4,168,352

TIAA-CREF

Quant

Small-Cap

Equity

Fund

94,871,688‌

6,239,072

TIAA-CREF

Quant

Small/Mid-Cap

Equity

Fund

111,242,660‌

TOTAL

U.S.

EQUITY

2,229,945,132‌

TOTAL

AFFILIATED

INVESTMENT

COMPANIES

3,550,012,775‌

(Cost

$2,620,776,259)

TOTAL

INVESTMENTS—99.8%

3,550,012,775‌

(Cost

$2,620,776,259)

OTHER

ASSETS

&

LIABILITIES,

NET—0.2%

6,296,017‌

NET

ASSETS—100.0%

$

3,556,308,792‌

a

The

Fund

invests

its

assets

in

the

affiliated

TIAA-CREF

Real

Property

Fund

LP,

Class

W

shares

of

the

affiliated

TIAA-CREF

Funds

and

Class

R6

shares

of

the

affiliated

Nuveen

Funds.

b

Restricted

security.

At

8/31/21,

the

total

value

of

this

security

amounted

to

$143,580,122

or

4.0%

of

net

assets.

TIAA-CREF

LIFECYCLE

FUNDS

-

Lifecycle

2055

Fund

11

TIAA-CREF

LIFECYCLE

FUNDS

LIFECYCLE

2055

FUND

SCHEDULE

OF

INVESTMENTS

(unaudited)

August

31,

2021

SHARES

SECURITY

VALUE

AFFILIATED

INVESTMENT

COMPANIES—99.8%

a

DIRECT

REAL

ESTATE—4.0%

5,340,505

b

TIAA-CREF

Real

Property

Fund

LP

(purchased

8/01/16-8/30/21;

cost

$58,182,106)

$

61,308,996‌

TOTAL

DIRECT

REAL

ESTATE

61,308,996‌

FIXED

INCOME—3.7%

2,709,513

TIAA-CREF

Core

Bond

Fund

29,452,406‌

1,667,368

TIAA-CREF

Core

Plus

Bond

Fund

18,407,743‌

268,846

TIAA-CREF

Emerging

Markets

Debt

Fund

2,769,116‌

297,356

TIAA-CREF

High-Yield

Fund

2,869,490‌

288,128

TIAA-CREF

International

Bond

Fund

2,924,498‌

TOTAL

FIXED

INCOME

56,423,253‌

INTERNATIONAL

EQUITY—28.6%

1,537,210

Nuveen

International

Growth

Fund

92,985,815‌

4,321,681

TIAA-CREF

Emerging

Markets

Equity

Fund

54,539,616‌

8,895,220

TIAA-CREF

International

Equity

Fund

130,581,835‌

4,550,944

TIAA-CREF

International

Opportunities

Fund

92,657,225‌

4,951,203

TIAA-CREF

Quant

International

Small-Cap

Equity

Fund

63,028,811‌

TOTAL

INTERNATIONAL

EQUITY

433,793,302‌

U.S.

EQUITY—63.5%

8,835,970

Nuveen

Dividend

Value

Fund

143,496,148‌

2,481,531

Nuveen

Santa

Barbara

Dividend

Growth

Fund

136,508,996‌

6,916,101

TIAA-CREF

Growth

&

Income

Fund

136,731,319‌

5,863,041

TIAA-CREF

Large-Cap

Growth

Fund

157,598,531‌

2,641,716

TIAA-CREF

Large-Cap

Growth

Index

Fund

157,868,933‌

6,303,420

TIAA-CREF

Large-Cap

Value

Fund

143,717,980‌

1,809,517

TIAA-CREF

Quant

Small-Cap

Equity

Fund

41,184,616‌

2,702,785

TIAA-CREF

Quant

Small/Mid-Cap

Equity

Fund

48,190,660‌

TOTAL

U.S.

EQUITY

965,297,183‌

TOTAL

AFFILIATED

INVESTMENT

COMPANIES

1,516,822,734‌

(Cost

$1,153,683,885)

TOTAL

INVESTMENTS—99.8%

1,516,822,734‌

(Cost

$1,153,683,885)

OTHER

ASSETS

&

LIABILITIES,

NET—0.2%

2,694,779‌

NET

ASSETS—100.0%

$

1,519,517,513‌

a

The

Fund

invests

its

assets

in

the

affiliated

TIAA-CREF

Real

Property

Fund

LP,

Class

W

shares

of

the

affiliated

TIAA-CREF

Funds

and

Class

R6

shares

of

the

affiliated

Nuveen

Funds.

b

Restricted

security.

At

8/31/21,

the

total

value

of

this

security

amounted

to

$61,308,996

or

4.0%

of

net

assets.

TIAA-CREF

LIFECYCLE

FUNDS

-

Lifecycle

2060

Fund

12

TIAA-CREF

LIFECYCLE

FUNDS

LIFECYCLE

2060

FUND

SCHEDULE

OF

INVESTMENTS

(unaudited)

August

31,

2021

SHARES

SECURITY

VALUE

AFFILIATED

INVESTMENT

COMPANIES—99.8%

a

DIRECT

REAL

ESTATE—4.0%

1,555,258

b

TIAA-CREF

Real

Property

Fund

LP

(purchased

8/01/16-8/30/21;

cost

$17,066,604)

$

17,854,362‌

TOTAL

DIRECT

REAL

ESTATE

17,854,362‌

FIXED

INCOME—2.5%

538,999

TIAA-CREF

Core

Bond

Fund

5,858,924‌

331,405

TIAA-CREF

Core

Plus

Bond

Fund

3,658,709‌

52,817

TIAA-CREF

Emerging

Markets

Debt

Fund

544,012‌

58,070

TIAA-CREF

High-Yield

Fund

560,377‌

56,092

TIAA-CREF

International

Bond

Fund

569,336‌

TOTAL

FIXED

INCOME

11,191,358‌

INTERNATIONAL

EQUITY—29.0%

453,641

Nuveen

International

Growth

Fund

27,440,763‌

1,277,099

TIAA-CREF

Emerging

Markets

Equity

Fund

16,116,991‌

2,627,639

TIAA-CREF

International

Equity

Fund

38,573,742‌

1,342,233

TIAA-CREF

International

Opportunities

Fund

27,327,871‌

1,464,279

TIAA-CREF

Quant

International

Small-Cap

Equity

Fund

18,640,268‌

TOTAL

INTERNATIONAL

EQUITY

128,099,635‌

U.S.

EQUITY—64.3%

2,612,007

Nuveen

Dividend

Value

Fund

42,418,998‌

729,993

Nuveen

Santa

Barbara

Dividend

Growth

Fund

40,156,898‌

2,045,916

TIAA-CREF

Growth

&

Income

Fund

40,447,766‌

1,730,912

TIAA-CREF

Large-Cap

Growth

Fund

46,526,906‌

779,791

TIAA-CREF

Large-Cap

Growth

Index

Fund

46,600,305‌

1,857,622

TIAA-CREF

Large-Cap

Value

Fund

42,353,788‌

534,160

TIAA-CREF

Quant

Small-Cap

Equity

Fund

12,157,473‌

796,673

TIAA-CREF

Quant

Small/Mid-Cap

Equity

Fund

14,204,681‌

TOTAL

U.S.

EQUITY

284,866,815‌

TOTAL

AFFILIATED

INVESTMENT

COMPANIES

442,012,170‌

(Cost

$351,865,929)

TOTAL

INVESTMENTS—99.8%

442,012,170‌

(Cost

$351,865,929)

OTHER

ASSETS

&

LIABILITIES,

NET—0.2%

900,162‌

NET

ASSETS—100.0%

$

442,912,332‌

a

The

Fund

invests

its

assets

in

the

affiliated

TIAA-CREF

Real

Property

Fund

LP,

Class

W

shares

of

the

affiliated

TIAA-CREF

Funds

and

Class

R6

shares

of

the

affiliated

Nuveen

Funds.

b

Restricted

security.

At

8/31/21,

the

total

value

of

this

security

amounted

to

$17,854,362

or

4.0%

of

net

assets.

TIAA-CREF

LIFECYCLE

FUNDS

-

Lifecycle

2065

Fund

13

TIAA-CREF

LIFECYCLE

FUNDS

LIFECYCLE

2065

FUND

SCHEDULE

OF

INVESTMENTS

(unaudited)

August

31,

2021

SHARES

SECURITY

VALUE

AFFILIATED

INVESTMENT

COMPANIES—99.8%

a

DIRECT

REAL

ESTATE—4.0%

26,368

b

TIAA-CREF

Real

Property

Fund

LP

(purchased

9/30/20-8/30/21;

cost

$285,208)

$

302,707‌

TOTAL

DIRECT

REAL

ESTATE

302,707‌

FIXED

INCOME—1.3%

4,516

TIAA-CREF

Core

Bond

Fund

49,086‌

2,770

TIAA-CREF

Core

Plus

Bond

Fund

30,584‌

436

TIAA-CREF

Emerging

Markets

Debt

Fund

4,488‌

487

TIAA-CREF

High-Yield

Fund

4,701‌

481

TIAA-CREF

International

Bond

Fund

4,881‌

TOTAL

FIXED

INCOME

93,740‌

INTERNATIONAL

EQUITY—29.3%

7,804

Nuveen

International

Growth

Fund

472,060‌

22,076

TIAA-CREF

Emerging

Markets

Equity

Fund

278,596‌

45,256

TIAA-CREF

International

Equity

Fund

664,360‌

23,036

TIAA-CREF

International

Opportunities

Fund

469,020‌

25,294

TIAA-CREF

Quant

International

Small-Cap

Equity

Fund

321,998‌

TOTAL

INTERNATIONAL

EQUITY

2,206,034‌

U.S.

EQUITY—65.2%

44,907

Nuveen

Dividend

Value

Fund

729,284‌

12,635

Nuveen

Santa

Barbara

Dividend

Growth

Fund

695,039‌

35,148

TIAA-CREF

Growth

&

Income

Fund

694,867‌

29,799

TIAA-CREF

Large-Cap

Growth

Fund

801,005‌

13,400

TIAA-CREF

Large-Cap

Growth

Index

Fund

800,766‌

31,932

TIAA-CREF

Large-Cap

Value

Fund

728,043‌

9,176

TIAA-CREF

Quant

Small-Cap

Equity

Fund

208,836‌

13,699

TIAA-CREF

Quant

Small/Mid-Cap

Equity

Fund

244,250‌

TOTAL

U.S.

EQUITY

4,902,090‌

TOTAL

AFFILIATED

INVESTMENT

COMPANIES

7,504,571‌

(Cost

$6,193,129)

TOTAL

INVESTMENTS—99.8%

7,504,571‌

(Cost

$6,193,129)

OTHER

ASSETS

&

LIABILITIES,

NET—0.2%

14,590‌

NET

ASSETS—100.0%

$

7,519,161‌

a

The

Fund

invests

its

assets

in

Class

W

shares

of

the

affiliated

TIAA-CREF

Funds

and

Class

R6

shares

of

the

affiliated

Nuveen

Funds.

b

Restricted

security.

At

8/31/21,

the

total

value

of

this

security

amounted

to

$302,707

or

4.0%

of

net

assets.

TIAA-CREF

LIFECYCLE

FUNDS

-

Notes

to

schedules

of

investments

(unaudited)

14

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

Board

of

Trustees.

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

which

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).

In

accordance

with

ASC

820,

certain

portfolio

investments

that

are

measured

at

fair

value

using

the

net

asset

value

("NAV")

per

share

practical

expedient

are

not

categorized

within

the

fair

value

hierarchy.

These

investments

will

be

disclosed

at

their

fair

value

to

allow

reconciliation

back

to

the

schedules

of

investments.

A

description

of

the

valuation

techniques

applied

to

the

Funds’

major

classifications

of

assets

and

liabilities

measured

at

fair

value

follows:

Investments

in

registered

investment

companies:

Investments

in

investment

companies

are

valued

at

their

respective

NAVs

on

the

valuation

date

and

are

generally

classified

as

Level

1.

Investments

in

unregistered

limited

partnerships:

Investments

in

unregistered

limited

partnerships

are

measured

at

fair

value

as

of

the

valuation

date

using

the

NAV

per

share

practical

expedient

and

are

not

classified

within

the

fair

value

hierarchy.

The

following

table

summarizes

the

market

value

of

the

Funds’

investments

as

of

August

31,

2021

,

based

on

the

inputs

used

to

value

them:

Fund

Level

1

Level

2

Level

3

Fair

value

using

practical

expedient

a

Total

Lifecycle

Retirement

Income

Registered

investment

companies

$

629,760,684

$

—

$

—

$

—

$

629,760,684

TIAA-CREF

Real

Property

Fund

LP

—

—

—

26,561,306

26,561,306

Total

$

629,760,684

$

—

$

—

$

26,561,306

$

656,321,990

Lifecycle

2010

Registered

investment

companies

$

1,215,820,807

$

—

$

—

$

—

$

1,215,820,807

TIAA-CREF

Real

Property

Fund

LP

—

—

—

45,533,621

45,533,621

Total

$

1,215,820,807

$

—

$

—

$

45,533,621

$

1,261,354,428

Lifecycle

2015

Registered

investment

companies

$

1,743,148,980

$

—

$

—

$

—

$

1,743,148,980

TIAA-CREF

Real

Property

Fund

LP

—

—

—

73,515,378

73,515,378

Total

$

1,743,148,980

$

—

$

—

$

73,515,378

$

1,816,664,358

Lifecycle

2020

Registered

investment

companies

$

3,827,458,175

$

—

$

—

$

—

$

3,827,458,175

TIAA-CREF

Real

Property

Fund

LP

—

—

—

161,396,478

161,396,478

Total

$

3,827,458,175

$

—

$

—

$

161,396,478

$

3,988,854,653

Lifecycle

2025

Registered

investment

companies

$

5,351,896,035

$

—

$

—

$

—

$

5,351,896,035

TIAA-CREF

Real

Property

Fund

LP

—

—

—

225,683,911

225,683,911

Total

$

5,351,896,035

$

—

$

—

$

225,683,911

$

5,577,579,946

TIAA-CREF

LIFECYCLE

FUNDS

-

Notes

to

schedules

of

investments

(unaudited)

15

Fund

Level

1

Level

2

Level

3

Fair

value

using

practical

expedient

a

Total

Lifecycle

2030

Registered

investment

companies

$

5,768,794,959

$

—

$

—

$

—

$

5,768,794,959

TIAA-CREF

Real

Property

Fund

LP

—

—

—

243,122,595

243,122,595

Total

$

5,768,794,959

$

—

$

—

$

243,122,595

$

6,011,917,554

Lifecycle

2035

Registered

investment

companies

$

5,966,403,291

$

—

$

—

$

—

$

5,966,403,291

TIAA-CREF

Real

Property

Fund

LP

—

—

—

251,442,519

251,442,519

Total

$

5,966,403,291

$

—

$

—

$

251,442,519

$

6,217,845,810

Lifecycle

2040

Registered

investment

companies

$

7,082,965,368

$

—

$

—

$

—

$

7,082,965,368

TIAA-CREF

Real

Property

Fund

LP

—

—

—

298,555,909

298,555,909

Total

$

7,082,965,368

$

—

$

—

$

298,555,909

$

7,381,521,277

Lifecycle

2045

Registered

investment

companies

$

4,644,825,996

$

—

$

—

$

—

$

4,644,825,996

TIAA-CREF

Real

Property

Fund

LP

—

—

—

195,818,053

195,818,053

Total

$

4,644,825,996

$

—

$

—

$

195,818,053

$

4,840,644,049

Lifecycle

2050

Registered

investment

companies

$

3,406,432,653

$

—

$

—

$

—

$

3,406,432,653

TIAA-CREF

Real

Property

Fund

LP

—

—

—

143,580,122

143,580,122

Total

$

3,406,432,653

$

—

$

—

$

143,580,122

$

3,550,012,775

Lifecycle

2055

Registered

investment

companies

$

1,455,513,738

$

—

$

—

$

—

$

1,455,513,738

TIAA-CREF

Real

Property

Fund

LP

—

—

—

61,308,996

61,308,996

Total

$

1,455,513,738

$

—

$

—

$

61,308,996

$

1,516,822,734

Lifecycle

2060

Registered

investment

companies

$

424,157,808

$

—

$

—

$

—

$

424,157,808

TIAA-CREF

Real

Property

Fund

LP

—

—

—

17,854,362

17,854,362

Total

$

424,157,808

$

—

$

—

$

17,854,362

$

442,012,170

Lifecycle

2065

Registered

investment

companies

$

7,201,864

$

—

$

—

$

—

$

7,201,864

TIAA-CREF

Real

Property

Fund

LP

—

—

—

302,707

302,707

Total

$

7,201,864

$

—

$

—

$

302,707

$

7,504,571

a

In

accordance

with

ASC

820,

certain

investments

that

are

measured

at

fair

value

using

the

net

asset

value

per

share

practical

expedient

have

not

been

classified

in

the

fair

value

hierarchy.

The

fair

value

amounts

presented

in

this

table

are

intended

to

permit

reconciliation

of

the

fair

value

hierarchy

to

the

amounts

presented

in

the

Schedules

of

investments.

A10998-D

(10/21)