COLLEGE RETIREMENT EQUITIES FUND - Stock Account

COLLEGE RETIREMENT EQUITIES FUND

STOCK ACCOUNT

SCHEDULE OF INVESTMENTS (unaudited)

March 31, 2021

PRINCIPAL		ISSUER	RATE		MATURITY DATE		VALUE (000)
GOVERNMENT BONDS -  0.0%
U.S. TREASURY SECURITIES - 0.0%
$	300,000	United States Treasury Note	1.750	%	05/15/22	$	306
		TOTAL U.S. TREASURY SECURITIES					306
		TOTAL GOVERNMENT BONDS					306
		(Cost $300)

SHARES			COMPANY
COMMON STOCKS - 98.2%
AUTOMOBILES & COMPONENTS - 2.0%
	16,427	e	AB Dynamics plc	460
	2,333,791	*	Adient plc	103,154
	238,353		Aisin Seiki Co Ltd	9,078
	176,051	*	American Axle & Manufacturing Holdings, Inc	1,701
	254,942	*	Apollo Tyres Ltd	784
	535,860	*	Aptiv plc	73,895
	77,571		ARB Corp Ltd	2,039
	302,713	*,g	Aston Martin Lagonda Global Holdings plc	8,342
	34,655,507		Astra International Tbk PT	12,630
	322		Autoliv, Inc	30
	2,688	*,e	Autoneum Holding AG.	505
	26,277	*	Bajaj Holdings and Investment Ltd	1,322
	30,679		Balkrishna Industries Ltd	710
	581,432		Bayerische Motoren Werke AG.	60,339
	2,941		Bayerische Motoren Werke AG. (Preference)	234
	391,134	*	Bharat Forge Ltd	3,201
	56,672		BorgWarner, Inc	2,627
	237,257		Bridgestone Corp	9,646
	1,248,497	†	Brilliance China Automotive Holdings Ltd	1,181
	42,443		BYD Co Ltd	1,078
	625,462		BYD Co Ltd (H shares)	13,533
	14,843	*	Ceat Ltd	317
	5,639		Changzhou Xingyu Automotive Lighting Systems Co Ltd	163
	927,554		Chaowei Power Holdings Ltd	350
	664,885		Cheng Shin Rubber Industry Co Ltd	1,127
	159,791	*	China Motor Corp	372
	71,983	*	Chongqing Changan Automobile Co Ltd	157
	74,203		Cie Automotive S.A.	1,947
	61,147		Cie Plastic Omnium SA	2,238

1

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	1,012,420		Cofide S.p.A.	$	563
	199,761		Continental AG.		26,443
	2,444,424	*,e	Controladora Nemak SAB de C.V.		307
	78,150	e	Cooper Tire & Rubber Co		4,375
	28,309	*	Cooper-Standard Holding, Inc		1,028
	43,847		Cub Elecparts, Inc		377
	41,700		Daikyonishikawa Corp		293
	469,864		Daimler AG. (Registered)		41,935
	227,777		Dana Inc		5,542
	379,206		Denso Corp		25,279
	72,000		Depo Auto Parts Ind Co Ltd		158
	299,613	e,g	Dometic Group AB		4,355
	1,076,517		Dongfeng Motor Group Co Ltd		1,004
	33,766	*	Dorman Products, Inc		3,466
	1,195,268		Drb-Hicom BHD		554
	27,700		Eagle Industry Co Ltd		299
	285,213	*	Eicher Motors Ltd		10,193
	27,052	*	ElringKlinger AG.		397
	26,791	*,g	Endurance Technologies Ltd		535
	18,982		Exedy Corp		288
	320,616		Exide Industries Ltd		808
	12,328	h	Faurecia		656
	655	*,h	Faurecia SE		35
	79,686	*	FAW Jiefang Group Co Ltd		133
	36,000		FCC Co Ltd		606
	62,511		Ferrari NV		13,076
	3,058,611	*	Ford Motor Co		37,468
	26,058		Ford Otomotiv Sanayi AS		610
	46,122	*	Fox Factory Holding Corp		5,860
	155,290		Freni Brembo SpA		1,933
	288,301		Fuji Heavy Industries Ltd		5,762
	60,480		Futaba Industrial Co Ltd		325
	45,863		Fuyao Glass Industry Group Co Ltd		324
	210,962	g	Fuyao Glass Industry Group Co Ltd (Hong Kong)		1,258
	10,449,302		Geely Automobile Holdings Ltd		26,876
	3,502,980	*,e	General Motors Co		201,281
	4,230,271	*,†,e,q	General Motors Co		0
	130,517		Gentex Corp		4,656
	78,183	*	Gentherm, Inc		5,794
	162,006	*,g	Gestamp Automocion S.A.		823
	10,783		Global & Yuasa Battery Co Ltd		746
	32,000		Global PMX Co Ltd		210
	366,776	*	Goodyear Tire & Rubber Co		6,444
	2,031,246		Great Wall Motor Co Ltd		5,680
	55,159		Great Wall Motor Co Ltd		256
	24,700		G-Tekt Corp		337
	1,243,042		Guangzhou Automobile Group Co Ltd (Hong Kong)		1,049
	83,250		GUD Holdings Ltd		742
	5,080		Halla Holdings Corp		184
	29,043		Hankook Tire Co Ltd		1,264
	17,491		Hankook Tire Worldwide Co Ltd		287
	72,259		Hanon Systems		1,131
	215,034		Harley-Davidson, Inc		8,623
	139,943		Hero Honda Motors Ltd		5,595
	976,086		Honda Motor Co Ltd		29,425
	1,392,186		Hota Industrial Manufacturing Co Ltd		5,702
	62,115		Huayu Automotive Systems Co Ltd		262

2

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	58,068		Hyundai Mobis	$	15,062
	105,702		Hyundai Motor Co		20,486
	14,142		Hyundai Motor Co Ltd (2nd Preference)		1,231
	9,711		Hyundai Motor Co Ltd (Preference)		863
	12,357		Hyundai Wia Corp		847
	32,500		Ichikoh Industries Ltd		224
	9,616		Indus Motor Co Ltd		73
	245,651		Isuzu Motors Ltd		2,638
	677,342		Johnson Electric Holdings Ltd		1,827
	210,200		JTEKT Corp		2,157
	20,096	*	Kayaba Industry Co Ltd		550
	411,874		Kenda Rubber Industrial Co Ltd		638
	168,284		Kia Motors Corp		12,370
	777,587	*	Koito Manufacturing Co Ltd		52,318
	54,876	*	Kuang-Chi Technologies Co Ltd		170
	60,757	*	Kumho Tire Co, Inc		205
	30,581		LCI Industries, Inc		4,045
	10,892		Lear Corp		1,974
	160,200	*,e	Li Auto, Inc (ADR)		4,005
	106,791		Linamar Corp		6,296
	259,503		Magna International, Inc		22,855
	714,765		Mahindra & Mahindra Ltd		7,812
	89,438	*	Mahindra CIE Automotive Ltd		198
	30,512		Mahle-Metal Leve S.A. Industria e Comercio		125
	25,694	*	Mando Corp		1,503
	162,066		Martinrea International, Inc		1,582
	149,607		Maruti Suzuki India Ltd		14,084
	377,097	*	Mazda Motor Corp		3,090
	10,658		MGI Coutier		374
	317,143		Michelin (C.G.D.E.) (Class B)		47,499
	51,168		Minda Industries Ltd		381
	679,426		Minth Group Ltd		2,846
	1,280,600	*	Mitsubishi Motors Corp		3,662
	165,775	*	Modine Manufacturing Co		2,448
	505,272	*	Motherson Sumi Systems Ltd		1,400
	28,173	*	Motorcar Parts of America, Inc		634
	660		MRF Ltd		745
	42,038		Musashi Seimitsu Industry Co Ltd		721
	310,949		Nan Kang Rubber Tire Co Ltd		455
	466,000	e,g	Nemak SAB de C.V.		126
	22,919		Nexen Tire Corp		155
	3,854,000		Nexteer Automotive Group Ltd		4,764
	69,768		NGK Spark Plug Co Ltd		1,209
	211,915	*	NHK Spring Co Ltd		1,595
	90,512		Nifco, Inc		3,310
	20,111		Ningbo Joyson Electronic Corp		55
	16,578		Ningbo Tuopu Group Co Ltd		85
	1,233,229	*	NIO, Inc (ADR)		48,071
	40,453		Nippon Seiki Co Ltd		470
	1,032,743	*	Nissan Motor Co Ltd		5,770
	55,310		Nissan Shatai Co Ltd		399
	33,827	*,e	Niu Technologies (ADR)		1,240
	121,288		NOK Corp		1,652
	135,010	e	Nokian Renkaat Oyj		4,890
	44,700		Pacific Industrial Co Ltd		515
	45,337		Patrick Industries, Inc		3,854

3

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	617,672		Piaggio & C S.p.A.	$	2,344
	30,994		Piolax Inc		456
	359,414	g	Pirelli & C S.p.A		2,107
	276,421		Porsche AG.		29,329
	101,954		Press Kogyo Co Ltd		308
	85,500		Prinx Chengshan Cayman Holding Ltd		89
	2,245,600		PT Selamat Sempurna Tbk		207
	616,830		Qingling Motors Co Ltd		120
	133,970	*,e	QuantumScape Corp		5,995
	158,896		Renault S.A.		6,871
	39,591		S&T Daewoo Co Ltd		2,182
	195,023		SAIC Motor Corp Ltd		587
	366,920		Sanyang Industry Co Ltd		399
	38,905		Shandong Linglong Tyre Co Ltd		279
	24,600		Shoei Co Ltd		1,016
	10,287		SL Corp		204
	733,654		Sri Trang Agro-Industry PCL (Foreign)		1,097
	29,801		Standard Motor Products, Inc		1,239
	57,349		Stanley Electric Co Ltd		1,713
	387,126	*	Stellantis NV		6,846
	43,458		Stellantis NV		769
	179,325	*	Stoneridge, Inc		5,704
	335,640		Sumitomo Electric Industries Ltd		5,047
	41,417		Sumitomo Riko Co Ltd		268
	172,900	e	Sumitomo Rubber Industries, Inc		2,047
	74,968		Sundram Fasteners Ltd		823
	169,658	*	Suzuki Motor Corp		7,728
	29,600		Tachi-S Co Ltd		322
	1,484,083	*	Tata Motors Ltd		6,168
	26,400		Teikoku Piston Ring Co Ltd		384
	79,942	*	Tenneco, Inc		857
	1,414,539	*	Tesla, Inc		944,813
	99,412		Thor Industries, Inc		13,395
	217,121	g	TI Fluid Systems plc		808
	513,118	e	Tianneng Power International Ltd		972
	509,149		Tofas Turk Otomobil Fabrik		2,046
	54,847		Tokai Rika Co Ltd		933
	255,699		Tong Yang Industry Co Ltd		325
	36,568		Topre Corp		517
	106,925	e	Toyo Tire & Rubber Co Ltd		1,899
	364,247	e	Toyoda Gosei Co Ltd		9,603
	65,995		Toyota Boshoku Corp		1,094
	64,971		Toyota Industries Corp		5,806
	3,450,951	*	Toyota Motor Corp		268,553
	8,663		Trigano S.A.		1,619
	83,400		TS Tech Co Ltd		1,246
	74,596		Tube Investments of India Ltd		1,220
	53,683	*	Tupy S.A.		199
	332,857		TVS Motor Co Ltd		2,675
	224,200	*	UMW Holdings BHD		176
	40,500		Unipres Corp		390
	770,609		Valeo S.A.		26,145
	38,502	*	Visteon Corp		4,695
	27,221		Volkswagen AG.		9,875
	382,121		Volkswagen AG. (ADR)		13,871
	283,930		Volkswagen AG. (Preference)		79,478

4

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	15,601		Weifu High-Technology Group Co Ltd	$	57
	91,219		Winnebago Industries, Inc		6,997
	146,275	*,e	Workhorse Group, Inc		2,014
	661,907		Xingda International Holdings Ltd		176
	25,269	*,e	XPEL, Inc		1,312
	148,442	*	XPeng, Inc (ADR)		5,420
	425,031	g	Yadea Group Holdings Ltd		947
	238,865		Yamaha Motor Co Ltd		5,879
	121,500		Yokohama Rubber Co Ltd		2,183
	417,860	*	Yulon Motor Co Ltd		647
			TOTAL AUTOMOBILES & COMPONENTS		2,646,815
BANKS - 6.7%
	5,922	e	1st Constitution Bancorp		104
	25,530	e	1st Source Corp		1,215
	50,003		77 Bank Ltd		705
	61,737		Aareal Bank AG.		1,753
	21,761	*	Aavas Financiers Ltd		722
	28,759	*,g	ABN AMRO Group NV (ADR)		349
	626,133		Absa Group Ltd		5,349
	1,116,515	*	Abu Dhabi Commercial Bank PJSC		1,884
	511,108		Abu Dhabi Islamic Bank PJSC		680
	11,000		ACNB Corp		322
	24,130,383		Agricultural Bank of China Ltd		9,673
	3,940,062		Agricultural Bank of China Ltd (Class A)		2,045
	21,215,715	*	AIB Group plc		55,659
	8,547		Aichi Bank Ltd		233
	1,239,841		Akbank TAS		708
	55,991		Aktia Bank Oyj		647
	579,242		Al Ahli Bank of Kuwait KSCP		387
	1,051,484		Al Rajhi Bank		27,713
	375,159	*	Alinma Bank		1,843
	70,197	*	Alior Bank S.A.		408
	29,679	e	Allegiance Bancshares, Inc		1,203
	732,100	*	Alliance Financial Group BHD		468
	1,072,341	*	Alpha Bank AE		1,154
	25,850		Altabancorp		1,087
	315,270	*,†	Amagerbanken AS		0
	50,290		Amalgamated Financial Corp		834
	39,038	*,e	Amerant Bancorp Inc		725
	16,238		American National Bankshares, Inc		537
	113,586		Ameris Bancorp		5,964
	11,088	e	Ames National Corp		284
	22,883		Amlak International for Real Estate Finance Co		135
	627,834		AMMB Holdings BHD		444
	19,000	e	Aomori Bank Ltd		434
	131,500	e	Aozora Bank Ltd		3,015
	239,574		Arab National Bank		1,336
	16,897		Arrow Financial Corp		563
	31,280		Aruhi Corp		511
	24,447		Associated Banc-Corp		522
	68,220	*	Atlantic Capital Bancshares, Inc		1,644
	122,425		Atlantic Union Bankshares Corp		4,696
	57,767	*,g	AU Small Finance Bank Ltd		974
	1,885	e	Auburn National Bancorporation, Inc		72
	3,350,152		Australia & New Zealand Banking Group Ltd		71,929

5

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	34,444		Awa Bank Ltd	$	776
	1,953,302	*	Axis Bank Ltd		18,752
	146,076	*	Axos Financial, Inc		6,867
	65,301	e	Banc of California, Inc		1,181
	212,165	*,e	Banca Monte dei Paschi di Siena S.p.A		284
	458,919	*	Banca Popolare di Sondrio SCARL		1,535
	28,654	e	Bancfirst Corp		2,026
	64,765		Banco ABC Brasil S.A.		167
	51,011	*,e	Banco BBVA Argentina S.A. (ADR)		139
	19,866,456	*	Banco Bilbao Vizcaya Argentaria S.A.		103,527
	1,453,897	e	Banco BPM S.p.A.		4,147
	4,559,902		Banco Bradesco S.A.		19,046
	8,986,216		Banco Bradesco S.A. (Preference)		42,739
	42,379,654	*,e	Banco Comercial Portugues S.A.		5,764
	17,062,940		Banco de Chile		2,011
	20,801		Banco de Credito e Inversiones		1,100
	5,884,262	*	Banco de Sabadell S.A.		3,155
	546,674	*,e,g	Banco del Bajio S.A.		737
	1,745,453		Banco do Brasil S.A.		9,443
	155,420		Banco do Estado do Rio Grande do Sul		332
	16,063,377	*,†	Banco Espirito Santo S.A.		188
	533,200		Banco Inter S.A.		14,845
	34,412	*,e	Banco Macro S.A. (ADR) (Class B)		459
	2,710,801		Banco Pan S.A.		5,293
	153,910		Banco Santander Brasil S.A.		1,083
	24,933,355		Banco Santander Chile S.A.		1,556
	3,759,536		Banco Santander S.A. (AQXE)		12,823
	99,373		BanColombia S.A.		780
	400,588		BanColombia S.A. (Preference)		3,192
	157,924		BancorpSouth Bank		5,129
	638,092	*,g	Bandhan Bank Ltd		2,985
	498,481		Bangkok Bank PCL (Foreign)		2,013
	139,641		Bank AlBilad		1,312
	616,004		Bank Alfalah Ltd		123
	167,796		Bank Al-Jazira		702
	2,263,200	*	Bank Brisyariah Tbk PT		358
	1,470,900		Bank BTPN Syariah Tbk PT		353
	8,364,774		Bank Central Asia Tbk PT		17,914
	5,684	e	Bank First Corp		426
	25,672	*	Bank Handlowy w Warszawie S.A.		255
	197,797	*	Bank Hapoalim Ltd		1,538
	253,062	*	Bank Leumi Le-Israel		1,667
	473,996	*	Bank Millennium S.A.		453
	22,263,221		Bank of America Corp		861,364
	592,362		Bank of Beijing Co Ltd		434
	48,020		Bank of Chengdu Co Ltd		83
	1,819,444		Bank of China Ltd		931
	68,150,912		Bank of China Ltd (Hong Kong)		25,995
	24,698	e	Bank of Commerce Holdings		315
	2,274,212		Bank of Communications Co Ltd		1,719
	8,030,625		Bank of Communications Co Ltd (Hong Kong)		5,121
	1,245,268		Bank of East Asia Ltd		2,653
	42,640		Bank of Georgia Group plc		647
	307,395		Bank of Hangzhou Co Ltd		793
	6,771		Bank of Hawaii Corp		606
	18,028,875		Bank of Ireland Group plc		89,031

6

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	9,259		Bank of Iwate Ltd	$	200
	423,318		Bank of Jiangsu Co Ltd		418
	409,926		Bank of Kaohsiung		150
	50,445		Bank of Kyoto Ltd		3,108
	40,034		Bank of Marin Bancorp		1,568
	790,071		Bank of Montreal		70,426
	13,310	e	Bank of Nagoya Ltd		379
	194,514		Bank of Nanjing Co Ltd		301
	318,470		Bank of Ningbo Co Ltd		1,894
	1,241,467		Bank of Nova Scotia		77,667
	147,189		Bank of NT Butterfield & Son Ltd		5,626
	23,200		Bank of Okinawa Ltd		640
	3,655	e	Bank of Princeton		105
	656,902	e	Bank of Queensland Ltd (ASE)		4,328
	778,049		Bank of Shanghai Co Ltd		1,044
	740,900		Bank of the Philippine Islands		1,246
	34,105		Bank of the Ryukyus Ltd		241
	21,062		Bank OZK		860
	70,713	*	Bank Pekao S.A.		1,262
	1,921,200		Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT		193
	3,126,200		Bank Pembangunan Daerah Jawa Timur Tbk PT		169
	87,634,359	*	Bank Rakyat Indonesia		26,587
	10,688,500	*	Bank Tabungan Negara Persero Tbk PT		1,268
	14,056	*	Bank Zachodni WBK S.A.		777
	3,309	e	Bank7 Corp		58
	36,027		BankFinancial Corp		372
	696,475		Bankinter S.A.		4,847
	219,219		BankUnited		9,635
	4,337	e	Bankwell Financial Group, Inc		117
	54,114		Banner Corp		2,886
	25,061		Banque Cantonale Vaudoise		2,445
	234,587		Banque Saudi Fransi		2,090
	25,904		Bar Harbor Bankshares		762
	47,031,710		Barclays plc		120,444
	945,840	*,g	BAWAG Group AG.		48,787
	17,507	*	Baycom Corp		315
	21,332		BCB Bancorp, Inc		294
	4,348,316	h	BDO Unibank, Inc		9,149
	566,879	e	Bendigo Bank Ltd		4,342
	176,912		Berkshire Hills Bancorp, Inc		3,949
	397,900		BIMB Holdings BHD		406
	1,323,807		BNP Paribas S.A.		80,659
	3,538,169		BOC Hong Kong Holdings Ltd		12,378
	5,055	*,e	Bogota Financial Corp		52
	35,307		BOK Financial Corp		3,154
	120,512		Boston Private Financial Holdings, Inc		1,605
	368,983		Boubyan Bank KSCP		738
	6,407,550	e	BPER Banca		14,084
	11,660		BRE Bank S.A.		632
	53,239	*	Bridgewater Bancshares, Inc		860
	125,753		Brookline Bancorp, Inc		1,886
	30,998		Bryn Mawr Bank Corp		1,411
	211,952		BS Financial Group, Inc		1,272
	5,652,367		Bumiputra-Commerce Holdings BHD		5,923
	32,027	e	Business First Bancshares, Inc		766

7

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	119,407		Byline Bancorp, Inc	$	2,525
	1,219	e	C&F Financial Corp		54
	558,004		Cadence BanCorp		11,567
	2,999,286		CaixaBank S.A.		9,312
	5,974	*,e	California Bancorp, Inc		106
	10,299		Cambridge Bancorp		868
	23,559		Camden National Corp		1,128
	40,835		Can Fin Homes Ltd		344
	513,187	e	Canadian Imperial Bank of Commerce		50,249
	171,938	e	Canadian Western Bank		4,377
	6,602	*,e	Capital Bancorp, Inc		127
	16,641		Capital City Bank Group, Inc		433
	688,016	*	Capitec Bank Holdings Ltd		66,140
	259,067		Capitol Federal Financial		3,431
	23,795		Capstar Financial Holdings, Inc		410
	32,502	*	Carter Bankshares, Inc		454
	211,861		Cathay General Bancorp		8,640
	7,580	e	CB Financial Services, Inc		168
	25,110		CBTX, Inc		771
	306,803		Central Pacific Financial Corp		8,186
	17,307		Central Valley Community Bancorp		319
	5,103	e	Century Bancorp, Inc		476
	1,834,342		Chang Hwa Commercial Bank		1,131
	5,043		Chemung Financial Corp		211
	416,016		Chiba Bank Ltd		2,723
	1,007,793	*,g	China Bohai Bank Co Ltd		452
	8,211,490		China Citic Bank		4,176
	309,407		China Construction Bank Corp		347
	83,002,546		China Construction Bank Corp (Hong Kong)		69,964
	2,221,304		China Everbright Bank Co Ltd		1,384
	3,282,845		China Everbright Bank Co Ltd (Hong Kong)		1,434
	3,458,481		China Merchants Bank Co Ltd		26,496
	2,824,029		China Merchants Bank Co Ltd (Class A)		22,095
	2,033,448		China Minsheng Banking Corp Ltd		1,568
	5,399,135		China Minsheng Banking Corp Ltd (Hong Kong)		3,135
	383,729		China Zheshang Bank Co Ltd		239
	15,466,388		Chinatrust Financial Holding Co		12,003
	11,752	e	ChoiceOne Financial Services, Inc		283
	1,152,946		Chongqing Rural Commercial Bank		497
	744,500		Chongqing Rural Commercial Bank Co Ltd		482
	146,200		Chugoku Bank Ltd		1,236
	11,100		Chukyo Bank Ltd		176
	187,340		CIT Group, Inc		9,650
	5,919,808		Citigroup, Inc		430,666
	17,673		Citizens & Northern Corp		420
	2,279,454		Citizens Financial Group, Inc		100,638
	3,562	e	Citizens Holding Co		71
	24,030		City Holding Co		1,965
	276,107	*	City Union Bank Ltd		590
	47,989		Civista Bancshares, Inc		1,101
	155,810		Close Brothers Group plc		3,330
	28,188		CNB Financial Corp		694
	6,718	*	Coastal Financial Corp		176
	7,692		Codorus Valley Bancorp, Inc		142
	309,317	*,e	Collector AB		949
	4,964	e	Colony Bankcorp Inc		77

8

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	113,455		Columbia Banking System, Inc	$	4,889
	65,458	*	Columbia Financial, Inc		1,144
	28,823		Comerica, Inc		2,068
	19,590	e	Commerce Bancshares, Inc		1,501
	759,186		Commercial Bank of Qatar QSC		1,011
	2,986,990		Commercial International Bank		10,983
	1,019,720		Commerzbank AG.		6,258
	2,011,215		Commonwealth Bank of Australia		131,965
	83,259		Community Bank System, Inc		6,388
	27,265	e	Community Bankers Trust Corp		240
	3,525	e	Community Financial Corp		121
	24,505		Community Trust Bancorp, Inc		1,079
	718,560		Concordia Financial Group Ltd		2,915
	100,032		ConnectOne Bancorp, Inc		2,536
	3,937	e	County Bancorp, Inc		94
	161,836		Credicorp Ltd (NY)		22,102
	2,375,406		Credit Agricole S.A.		34,401
	69,719	*	Credito Emiliano S.p.A.		407
	60,723	*	Credito Valtellinese S.p.A		868
	71,708	*	CrossFirst Bankshares, Inc		989
	9,609		Cullen/Frost Bankers, Inc		1,045
	47,368	*	Customers Bancorp, Inc		1,507
	389,705		CVB Financial Corp		8,609
	5,646,074	*,†	Cyprus Popular Bank Public Co Ltd		66
	348,827		Dah Sing Banking Group Ltd		395
	115,108		Dah Sing Financial Holdings Ltd		380
	32,586		Daishi Hokuetsu Financial Group, Inc		769
	47,100		Danske Bank AS		881
	1,981,668		DBS Group Holdings Ltd		42,490
	116,975	*	DCB Bank Ltd		165
	135,753	g	Deutsche Pfandbriefbank AG.		1,581
	131,463		DGB Financial Group Co Ltd		981
	57,124		Dime Community Bancshares, Inc		1,722
	287,205		DNB NOR Holding ASA		6,124
	1,239,429		Doha Bank QSC		773
	730,827		Dubai Islamic Bank PJSC		907
	9,864,864		E.Sun Financial Holding Co Ltd		9,033
	10,696		Eagle Bancorp Montana, Inc		260
	48,665		Eagle Bancorp, Inc		2,589
	132,532	e	East West Bancorp, Inc		9,781
	235,001		Eastern Bankshares, Inc		4,533
	31,575		Ehime Bank Ltd		293
	2,262,637		Emirates NBD Bank PJSC		7,097
	13,835		Enterprise Bancorp, Inc		450
	40,363		Enterprise Financial Services Corp		1,996
	12,311		Equitable Group, Inc		1,236
	25,655	*	Equity Bancshares, Inc		703
	19,009		Erste Bank der Oesterreichischen Sparkassen AG.		644
	8,790	*	Esquire Financial Holdings, Inc		200
	6,301	e	ESSA Bancorp, Inc		101
	232,853		Essent Group Ltd		11,058
	1,987,222	*	Eurobank Ergasias S.A.		1,690
	9,762	e	Evans Bancorp, Inc		331
	1,692,885		Far Eastern International Bank		636
	10,610		Farmers & Merchants Bancorp, Inc		267
	55,727		Farmers National Banc Corp		931

9

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	48,174		FB Financial Corp	$	2,142
	12,562		Federal Agricultural Mortgage Corp (FAMC)		1,265
	1,477,893	*	Federal Bank Ltd		1,538
	17,129	*	FIBI Holdings Ltd		537
	5,902	e	Fidelity D&D Bancorp, Inc		363
	6,145,355		Fifth Third Bancorp		230,144
	25,528		Financial Institutions, Inc		773
	1,016,306		FinecoBank Banca Fineco S.p.A		16,627
	109,246		First Bancorp (NC)		4,752
	766,736	e	First Bancorp (Puerto Rico)		8,633
	12,680		First Bancorp, Inc		370
	33,308		First Bancshares, Inc		1,219
	9,686		First Bank		118
	83,518		First Busey Corp		2,142
	12,401		First Business Financial Services, Inc		307
	2,613	e	First Capital Inc		127
	11,965		First Choice Bancorp		291
	2,171	e	First Citizens Bancshares, Inc (Class A)		1,814
	152,340		First Commonwealth Financial Corp		2,189
	28,620		First Community Bancshares, Inc		858
	5,857	e	First Community Corp		117
	240,589		First Financial Bancorp		5,774
	97,507		First Financial Bankshares, Inc		4,557
	22,509		First Financial Corp		1,013
	8,981,788		First Financial Holding Co Ltd		6,998
	173,788		First Foundation, Inc		4,077
	313	e	First Guaranty Bancshares, Inc		6
	20,062		First Hawaiian, Inc		549
	94,533		First Horizon National Corp		1,599
	61,545	*	First International Bank Of Israel Ltd		1,716
	22,133	e	First Internet Bancorp		780
	66,389		First Interstate Bancsystem, Inc		3,057
	87,842		First Merchants Corp		4,085
	24,058		First Mid-Illinois Bancshares, Inc		1,057
	177,796		First Midwest Bancorp, Inc		3,896
	18,696		First National Financial Corp		736
	13,112		First Northwest Bancorp		218
	38,976		First of Long Island Corp		828
	449,631		First Republic Bank		74,976
	2,762		First Savings Financial Group, Inc		185
	10,624	e	First United Corp		187
	4,865	*	First Western Financial, Inc		122
	197,863		Flagstar Bancorp, Inc		8,924
	47,322		Flushing Financial Corp		1,005
	52,384		FNB Corp		665
	12,246		FNCB Bancorp Inc		92
	2,820	e	Franklin Financial Services Corp		88
	6,313		FS Bancorp, Inc		424
	5,200	*,†	FS Finans A.S.		0
	110,177		Fukuoka Financial Group, Inc		2,091
	248,531		Fulton Financial Corp		4,232
	7,682	*	FVCBankcorp, Inc		133
	421,459	*	Genworth Mortgage Insurance Australia Ltd		821
	39,353		German American Bancorp, Inc		1,819
	228,664		Glacier Bancorp, Inc		13,052
	16,386	e	Great Southern Bancorp, Inc		929

10

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	157,854		Great Western Bancorp, Inc	$	4,781
	2,793	e	Greene County Bancorp, Inc		70
	2,072,261	*	Grupo Financiero Banorte S.A. de C.V.		11,672
	83,967	e	Grupo Financiero Galicia S.A. (ADR) (Class B)		639
	900,577	*	Grupo Financiero Inbursa S.A.		818
	994,823		Grupo Security S.A.		242
	13,968		Guaranty Bancshares, Inc		513
	651,010		Gulf Bank KSCP		474
	347,400		Gunma Bank Ltd		1,246
	54,102		Habib Bank Ltd		41
	367,800		Hachijuni Bank Ltd		1,339
	263,993		Hana Financial Group, Inc		9,985
	137,608		Hancock Whitney Corp		5,781
	729,957		Hang Seng Bank Ltd		14,174
	110,851		Hanmi Financial Corp		2,187
	88,732		HarborOne Northeast Bancorp, Inc		1,195
	3,908	e	Hawthorn Bancshares Inc		83
	15,181		HBT Financial, Inc		260
	578,764	*	HDFC Bank Ltd		11,847
	181,159	*	HDFC Bank Ltd (ADR)		14,074
	85,992		Heartland Financial USA, Inc		4,322
	235,887		Heritage Commerce Corp		2,883
	57,912		Heritage Financial Corp		1,635
	349,829		Hilltop Holdings, Inc		11,940
	2,036		Hingham Institution for Savings		578
	267,102	e	Hirogin Holdings, Inc		1,634
	16,000		Hokkoku Bank Ltd		408
	120,560		Hokuhoku Financial Group, Inc		1,120
	10,487		Home Bancorp, Inc		378
	240,247	e	Home Bancshares, Inc		6,499
	51,173	*	Home Capital Group, Inc		1,255
	6,917	*	Home Point Capital, Inc		64
	35,081		HomeStreet, Inc		1,546
	55,005		HomeTrust Bancshares, Inc		1,339
	550,088		Hong Leong Bank BHD		2,484
	121,870		Hong Leong Credit BHD		512
	385,967		Hope Bancorp, Inc		5,813
	76,322	e	Horizon Bancorp		1,418
	1,495,711		Housing Development Finance Corp		51,392
	18,979	*	Howard Bancorp, Inc		312
	11,374,107		HSBC Holdings plc		66,296
	2,995,157		Hua Nan Financial Holdings Co Ltd		1,960
	262,786		Huaxia Bank Co Ltd		258
	3,198,903		Huntington Bancshares, Inc		50,287
	181,274		Hyakugo Bank Ltd		547
	14,921		Hyakujushi Bank Ltd		228
	5,825,709	*	ICICI Bank Ltd		46,602
	1,494,861	*	ICICI Bank Ltd (ADR)		23,963
	2,344,930	*	IDFC Bank Ltd		1,793
	84,945		IIFL Finance Ltd		328
	52,889	*	Illimity Bank S.p.A		593
	49,823		Independent Bank Corp (MA)		4,195
	84,219		Independent Bank Corp (MI)		1,991
	101,771		Independent Bank Group, Inc		7,352
	318,843	*	Indiabulls Housing Finance Ltd		863
	2,993,639		Industrial & Commercial Bank of China Ltd		2,532

11

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	52,116,914		Industrial & Commercial Bank of China Ltd (Hong Kong)	$	37,488
	1,106,284		Industrial Bank Co Ltd		4,077
	454,317		Industrial Bank of Korea		3,680
	23,969,116		ING Groep NV		292,761
	25,739	e	Intercorp Financial Services, Inc		770
	99,529		International Bancshares Corp		4,620
	13,907,737		Intesa Sanpaolo S.p.A.		37,684
	12,087		Investar Holding Corp		248
	1,681,901		Investimentos Itau S.A. - PR		3,084
	313,417		Investors Bancorp, Inc		4,604
	3,370,825		iShares Core MSCI EAFE ETF		242,868
	202,523	*	Israel Discount Bank Ltd		842
	1,170,912,582	*	Itau CorpBanca Chile SA		4,486
	13,510,350		Itau Unibanco Holding S.A.		67,136
	243,654		Iyo Bank Ltd		1,462
	685,077	e	Japan Post Bank Co Ltd		6,588
	206,860		JB Financial Group Co Ltd		1,198
	80,400		Jiangsu Changshu Rural Commercial Bank Co Ltd		93
	8,069,194		JPMorgan Chase & Co		1,228,373
	31,940		Juroku Bank Ltd		638
	55,708	*	Jyske Bank		2,658
	298,409	*	Karur Vysya Bank Ltd		228
	400,000		Kasikornbank PCL - NVDR		1,860
	1,223,692		Kasikornbank PCL (Foreign)		5,724
	729,599		KB Financial Group, Inc		35,960
	787,434		KBC Groep NV		57,295
	137,317		Kearny Financial Corp		1,659
	87,948		Keiyo Bank Ltd		364
	134,111		Keycorp		2,680
	161,732		Kiatnakin Bank PCL (Foreign)		316
	1,333,000		King’s Town Bank		1,842
	64,619		Kiyo Bank Ltd		968
	26,965		Komercni Banka AS		832
	492,901	*	Kotak Mahindra Bank Ltd		11,872
	5,545,720		Krung Thai Bank PCL (Foreign)		2,169
	1,668,495		Kuwait Finance House		4,242
	476,751		Kuwait International Bank KSCP		315
	568,370		Kuwait Projects Co Holding KSCP		306
	350,800		Kyushu Financial Group, Inc		1,506
	148,067		Lakeland Bancorp, Inc		2,581
	36,861		Lakeland Financial Corp		2,550
	2,979		Landmark Bancorp, Inc		79
	44,961	e	Laurentian Bank of Canada		1,432
	10,794		LCNB Corp		189
	3,544	e	Level One Bancorp, Inc		91
	2,234,476	*	Liberbank S.A.		801
	242,667		LIC Housing Finance Ltd		1,428
	12,459		Liechtensteinische Landesbank AG.		710
	4,009	*,e	Limestone Bancorp, Inc		64
	45,408	e	Live Oak Bancshares, Inc		3,110
	71,152,180		Lloyds TSB Group plc		41,740
	24,202		Luther Burbank Corp		286
	55,936		M&T Bank Corp		8,480
	35,102		Macatawa Bank Corp		349
	6,465	e	Mackinac Financial Corp		91

12

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	4,897	*	MainStreet Bancshares Inc	$	102
	3,494,689		Malayan Banking BHD		6,958
	1,352,538		Malaysia Building Society		216
	1,470,034		Masraf Al Rayan		1,733
	15,625		MCB Bank Ltd		18
	1,129,100		Mebuki Financial Group Inc		2,664
	1,175,523	*	Mediobanca S.p.A.		13,026
	9,570,076		Mega Financial Holding Co Ltd		10,706
	23,042		Mercantile Bank Corp		748
	12,938		Merchants Bancorp		543
	149,189		Meridian Bancorp, Inc		2,748
	4,301		Meridian Corp		112
	50,477		Meta Financial Group, Inc		2,287
	28,493	e	Metrocity Bankshares, Inc		438
	3,192,374		Metropolitan Bank & Trust		2,923
	14,342	*	Metropolitan Bank Holding Corp		722
	647,254		MGIC Investment Corp		8,964
	4,879	e	Mid Penn Bancorp, Inc		131
	4,430	e	Middlefield Banc Corp		93
	37,451	e	Midland States Bancorp, Inc		1,039
	30,884		MidWestOne Financial Group, Inc		956
	11,455,186		Mitsubishi UFJ Financial Group, Inc		61,254
	11,500		Miyazaki Bank Ltd		243
	24,402	*	Mizrahi Tefahot Bank Ltd		636
	2,315,458		Mizuho Financial Group, Inc		33,482
	6,320	*	MMA Capital Holdings Inc		144
	954,324	e,g	Moneta Money Bank AS		3,557
	210,970	*	Mr Cooper Group, Inc		7,333
	47,568		Musashino Bank Ltd		786
	13,375		MVB Financial Corp		452
	27,849		Nanto Bank Ltd		496
	3,122,663		National Australia Bank Ltd		61,868
	196,880		National Bank Holdings Corp		7,812
	2,416,382		National Bank of Abu Dhabi PJSC		9,617
	414,425	e	National Bank of Canada		28,153
	421,120	*	National Bank of Greece S.A.		1,226
	2,716,354		National Bank of Kuwait SAKP		7,255
	356,000	*	National Bank Of Pakistan		75
	8,207		National Bankshares, Inc		291
	1,259,201		National Commercial Bank		17,844
	6,888,672		Natwest Group plc		18,640
	66,281		NBT Bancorp, Inc		2,645
	151,155		Nedbank Group Ltd		1,433
	75,660	e	New York Community Bancorp, Inc		955
	15,107	*	Nicolet Bankshares, Inc		1,261
	129,764		Nishi-Nippon Financial Holdings, Inc		932
	268,162	*	NMI Holdings, Inc		6,339
	3,071,976	*	Nordea Bank Abp		30,304
	4,740,520	*	Nordea Bank Abp		46,743
	291,797	e	North Pacific Bank Ltd		844
	10,899		Northeast Bank		288
	75,109		Northfield Bancorp, Inc		1,196
	10,927		Northrim BanCorp, Inc		465
	183,363		Northwest Bancshares, Inc		2,650
	199,124		Norwegian Finans Holding ASA		2,242
	6,145	e	Norwood Financial Corp		164

13

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	242,916	*	Nova Ljubljanska Banka dd (ADR)	$	2,991
	5,549	e	Oak Valley Bancorp		95
	999,812		O-Bank Co Ltd		245
	107,393	e	OceanFirst Financial Corp		2,571
	793	e	Oconee Federal Financial Corp		21
	180,075		OFG Bancorp		4,073
	30,907	e	Ogaki Kyoritsu Bank Ltd		622
	3,095	e	Ohio Valley Banc Corp		75
	15,674		Oita Bank Ltd		305
	314,079		Old National Bancorp		6,074
	79,095		Old Second Bancorp, Inc		1,045
	4,101	e	OP Bancorp		43
	38,182		Origin Bancorp, Inc		1,619
	13,254		Orrstown Financial Services, Inc		296
	798,894	*	OSB Group plc		4,693
	779,636	*	OTP Bank		33,327
	3,228,971		Oversea-Chinese Banking Corp		28,250
	153,448		Pacific Premier Bancorp, Inc		6,666
	114,127		PacWest Bancorp		4,354
	288,949		Paragon Group of Cos plc		1,823
	22,195	e	Park National Corp		2,870
	14,696		Parke Bancorp, Inc		294
	7,729	e	Partners Bancorp		56
	4,545		PCB Bancorp		68
	41,052		PCSB Financial Corp		682
	5,437	*	PDL Community Bancorp		60
	29,886		Peapack Gladstone Financial Corp		923
	5,115		Penns Woods Bancorp, Inc		123
	113,191		PennyMac Financial Services, Inc		7,569
	3,193	e	Peoples Bancorp of North Carolina, Inc		75
	29,470		Peoples Bancorp, Inc		978
	9,235		Peoples Financial Services Corp		390
	83,693		People’s United Financial, Inc		1,498
	3,301,700	*	Permanent TSB Group Holdings plc		4,182
	1,005,127		Ping An Bank Co Ltd		3,384
	12,441		Pinnacle Financial Partners, Inc		1,103
	9,868	*	Pioneer Bancorp, Inc		115
	112,060	*	Piraeus Bank S.A.		57
	3,514	e	Plumas Bancorp		103
	49,576	*,g	PNB Housing Finance Ltd		255
	628,701		PNC Financial Services Group, Inc		110,280
	115,124		Popular, Inc		8,096
	8,786,972	g	Postal Savings Bank of China Co Ltd		6,585
	617,937		Postal Savings Bank of China Co Ltd		554
	346,231		Powszechna Kasa Oszczednosci Bank Polski S.A.		2,865
	40,636		Preferred Bank		2,588
	19,190		Premier Financial Bancorp, Inc		357
	115,751		Premier Financial Corp		3,850
	59,639		Primis Financial Corp		867
	12,349	*	Professional Holding Corp		227
	57,680	e	Prosperity Bancshares, Inc		4,320
	11,047		Provident Bancorp Inc		159
	3,864		Provident Financial Holdings, Inc		65
	109,281		Provident Financial Services, Inc		2,435
	4,214	e	Prudential Bancorp, Inc		62
	15,695,616		PT Bank Mandiri Persero Tbk		6,650

14

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	6,380,253	*	PT Bank Negara Indonesia	$	2,520
	12,641,205		Public Bank BHD		12,811
	247,031		Qatar International Islamic Bank QSC		593
	457,913		Qatar Islamic Bank SAQ		2,071
	3,530,468		Qatar National Bank		17,450
	27,726		QCR Holdings, Inc		1,309
	164,441		Qingdao Rural Commercial Bank Corp		111
	577,048		Radian Group, Inc		13,416
	24,732		Raiffeisen International Bank Holding AG.		543
	23,940		RBB Bancorp		485
	367,519	*,g	RBL Bank Ltd		1,050
	7,164		Red River Bancshares Inc		401
	162,977	*,e	Regional SAB de C.V.		765
	134,561		Regions Financial Corp		2,780
	25,678		Reliant Bancorp Inc		737
	84,635		Renasant Corp		3,502
	13,996		Republic Bancorp, Inc (Class A)		620
	67,110	*	Republic First Bancorp, Inc		253
	1,734,100		Resona Holdings, Inc		7,284
	620,872		RHB Capital BHD		805
	20,271	e	Richmond Mutual Bancorporation, Inc		275
	49,206		Ringkjoebing Landbobank A.S.		4,809
	33,482	e	Riverview Bancorp, Inc		232
	528,675		Riyad Bank		3,165
	158,804	e	Rocket Cos, Inc		3,667
	1,538,620		Royal Bank of Canada		141,864
	60,817	e	S&T Bancorp, Inc		2,037
	40,372		Sagen MI Canada, Inc		1,396
	2,064	e	Salisbury Bancorp, Inc		92
	853,574	*	Samba Financial Group		8,774
	22,200		San ju San Financial Group, Inc		279
	73,811		Sandy Spring Bancorp, Inc		3,206
	130,864		San-In Godo Bank Ltd		664
	326,180		Saudi British Bank		2,292
	9,707	e	SB Financial Group, Inc		177
	160,466	g	Sbanken ASA		1,546
	6,260,134		Sberbank of Russia (ADR)		96,469
	79,145	*	Seacoast Banking Corp of Florida		2,868
	162,490		Security Bank Corp		406
	7,760	*	Security National Financial Corp		73
	12,077	*,e	Select Bancorp, Inc		134
	176,080		Senshu Ikeda Holdings, Inc		283
	47,014	e	ServisFirst Bancshares, Inc		2,883
	649,900	e	Seven Bank Ltd		1,486
	2,827,352		Shanghai Commercial & Savings Bank Ltd		4,167
	1,566,734		Shanghai Pudong Development Bank Co Ltd		2,632
	50,800		Shiga Bank Ltd		1,101
	21,578		Shikoku Bank Ltd		152
	384,495		Shinhan Financial Group Co Ltd		12,770
	88,235	*	Shinsei Bank Ltd		1,426
	398,947	e	Shizuoka Bank Ltd		3,136
	20,500		Shore Bancshares, Inc		349
	1,239,161		Siam Commercial Bank PCL (Foreign)		4,427
	23,974		Sierra Bancorp		643
	75,827		Signature Bank		17,144
	81,721	*	Silvergate Capital Corp		11,618

15

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	264,441		Simmons First National Corp (Class A)	$	7,846
	3,833,617		SinoPac Financial Holdings Co Ltd		1,732
	716,202	e	Skandinaviska Enskilda Banken AB (Class A)		8,737
	20,084		SmartFinancial, Inc		435
	69,878		Societe Generale		1,827
	18,306		South Plains Financial Inc		416
	111,569		South State Corp		8,759
	9,954	*	Southern First Bancshares, Inc		467
	10,062		Southern Missouri Bancorp, Inc		397
	48,849		Southside Bancshares, Inc		1,881
	92,203		Spar Nord Bank AS		984
	46,662		Sparebank Oestlandet		609
	184,909		SpareBank SR-Bank ASA		2,273
	138,446		Sparebanken Midt-Norge		1,741
	158,797		Sparebanken Nord-Norge		1,515
	19,987		Spirit of Texas Bancshares, Inc		446
	3,029		St Galler Kantonalbank		1,366
	2,977	e	Standard AVB Financial Corp		97
	1,122,602		Standard Bank Group Ltd		9,531
	6,614,395		Standard Chartered plc		45,544
	1,588,745	*	State Bank of India		7,958
	29,656	e	Sterling Bancorp		683
	11,193	*	Sterling Bancorp, Inc		63
	28,979		Stock Yards Bancorp, Inc		1,480
	1,609,828		Sumitomo Mitsui Financial Group, Inc		58,352
	289,063		Sumitomo Mitsui Trust Holdings, Inc		10,085
	11,827		Summit Financial Group, Inc		314
	1,011,064	e	Suruga Bank Ltd		3,904
	7,378	*	SVB Financial Group		3,642
	526,842		Svenska Handelsbanken AB		5,727
	301,414		Swedbank AB (A Shares)		5,314
	60,993		Sydbank AS		1,643
	24,328	e	Synovus Financial Corp		1,113
	2,192,978		Taichung Commercial Bank		884
	3,624,148		Taishin Financial Holdings Co Ltd		1,703
	1,929,425		Taiwan Business Bank		674
	7,853,383		Taiwan Cooperative Financial Holding		5,830
	44,397	*	TBC Bank Group plc		602
	813,845		TCF Financial Corp		37,811
	1,172,830		TCS Group Holding plc (ADR)		68,024
	9,081	e	Territorial Bancorp, Inc		240
	80,432	*	Texas Capital Bancshares, Inc		5,704
	21,273	*	Texcell-NetCom Co Ltd		125
	68,677		TFS Financial Corp		1,399
	218,331		Thanachart Capital PCL		266
	284,035	*	The Bancorp, Inc		5,885
	117,181		Timbercreek Financial Corp		823
	9,137	e	Timberland Bancorp, Inc		254
	167,700		Tisco Bank PCL		523
	155,643		Toho Bank Ltd		346
	25,478		Tokyo TY Financial Group, Inc		323
	115,264		Tomony Holdings, Inc		338
	21,776		Tompkins Financial Corp		1,801
	1,889,019		Toronto-Dominion Bank		123,199
	107,429		Towne Bank		3,266
	41,331		Trico Bancshares		1,958

16

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	111,176	*	Tristate Capital Holdings, Inc	$	2,564
	68,143	*,e	Triumph Bancorp, Inc		5,274
	3,120,333		Truist Financial Corp		181,978
	330,816		Trustco Bank Corp NY		2,438
	98,239		Trustmark Corp		3,307
	21,485,867	*	Turkiye Garanti Bankasi AS		17,408
	508,954	*	Turkiye Halk Bankasi AS		267
	607,536	*	Turkiye Is Bankasi (Series C)		356
	69,574		UMB Financial Corp		6,424
	194,337		Umpqua Holdings Corp		3,411
	913,730	g	Unicaja Banco S.A.		920
	199,339		UniCredit S.p.A.		2,106
	1,224,456		Union Bank Of Taiwan		470
	377,031		United Bank Ltd		294
	195,362		United Bankshares, Inc		7,537
	289,262		United Community Banks, Inc		9,870
	1,123,427		United Overseas Bank Ltd		21,662
	9,705	e	United Security Bancshares		79
	12,760		Unity Bancorp, Inc		281
	92,827		Univest Financial Corp		2,654
	5,139,424		US Bancorp		284,262
	15,381		Valiant Holding		1,601
	629,280		Valley National Bancorp		8,646
	291,040		Van Lanschot Kempen NV (ADR)		8,139
	71,964		Veritex Holdings, Inc		2,355
	1,339,295	*	Virgin Money UK plc		3,491
	651,593		VTB Bank PJSC (GDR) Equiduct		710
	118,143	*	VTB Bank PJSC (GDR) Tradegate		129
	42,820		Walker & Dunlop, Inc		4,399
	640,799	*	Warba Bank KSCP		503
	256,395		Washington Federal, Inc		7,897
	41,763		Washington Trust Bancorp, Inc		2,156
	69,544		Waterstone Financial, Inc		1,420
	14,434		Webster Financial Corp		795
	7,454,672		Wells Fargo & Co		291,254
	103,449		WesBanco, Inc		3,730
	19,650		West Bancorporation, Inc		473
	71,388		Westamerica Bancorporation		4,482
	16,137		Western Alliance Bancorp		1,524
	29,983		Western New England Bancorp, Inc		253
	3,605,698		Westpac Banking Corp		66,882
	9,549		Wintrust Financial Corp		724
	217,784		Woori Financial Group, Inc		1,944
	144,147		WSFS Financial Corp		7,177
	17,900		Yamagata Bank Ltd		184
	397,799		Yamaguchi Financial Group, Inc		2,644
	1,040,235	*	Yapi ve Kredi Bankasi		278
	4,417,736	*	Yes Bank Ltd		945
	32,617		Zions Bancorporation		1,793
			TOTAL BANKS		8,754,358
CAPITAL GOODS - 7.2%
	546,458		3M Co		105,292
	2,232	*	3M India Ltd		932
	192,427	e	A.O. Smith Corp		13,010
	101,294		Aalberts Industries NV		5,123

17

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	1,456,644		Aamal Co	$	382
	30,227	e	Aaon, Inc		2,116
	52,297	*	AAR Corp		2,178
	784,255	e	ABB Ltd		23,858
	1,849,639		Aboitiz Equity Ventures, Inc		1,316
	294,270		AcBel Polytech, Inc		300
	122,004		ACS Actividades de Construccion y Servicios S.A.		4,055
	6,703	e	Acuity Brands, Inc		1,106
	38,793		Adapteo Oyj		497
	263,858		AddTech AB		3,927
	24,200		Advan Co Ltd		223
	272,105		Advanced Drainage Systems, Inc		28,133
	60,827		AECC Aero-Engine Control Co Ltd		163
	118,752		AECC Aviation Power Co Ltd		828
	268,732	*	Aecom Technology Corp		17,228
	62,253		Aecon Group, Inc		962
	44,790	*	Aegion Corp		1,288
	133,735	*	AerCap Holdings NV		7,856
	83,566		Aerojet Rocketdyne Holdings, Inc		3,924
	51,255	*	Aerovironment, Inc		5,949
	54,669		AFG Arbonia-Forster Hldg		971
	19,455	e	AG Growth International Inc		687
	344,199		AGCO Corp		49,444
	1,991	*	Agrify Corp		25
	1,455,100	*	Agung Semesta Sejahtera Tbk PT		5
	33,644	*	AIA Engineering Ltd		946
	51,352		Aica Kogyo Co Ltd		1,855
	35,900		Aichi Corp		289
	45,441		Aida Engineering Ltd		408
	147,472		Air Lease Corp		7,226
	998,503		Airbus SE		113,247
	9,000		Airbus SE (ADR)		256
	102,268		Airtac International Group		3,648
	8,916		Alamo Group, Inc		1,392
	26,200		Albany International Corp (Class A)		2,187
	263,746		Alfa Laval AB		7,971
	13,197	*,g	Alfen Beheer BV		1,084
	37,378	g	Alimak Group AB		600
	220,269		Allegion plc		27,670
	2,929,400		Alliance Global Group, Inc		644
	11,937	e	Allied Motion Technologies, Inc		613
	175,604		Allison Transmission Holdings, Inc		7,170
	23,368	*,e	Alpha Pro Tech Ltd		228
	18,124	*	Alstom RGPT		903
	36,089	*,e	Alta Equipment Group, Inc		469
	615,909		Altra Industrial Motion Corp		34,072
	227,676		Amada Co Ltd		2,543
	65,615		Amara Raja Batteries Ltd		768
	17,844	*	Ameresco, Inc		868
	40,710	*	American Superconductor Corp		772
	26,317	*	American Woodmark Corp		2,594
	31,151		Ametek, Inc		3,979
	69,283	e	Andritz AG.		3,114
	32,887		Anest Iwata Corp		308
	435,836	*,g	API Group Corp		9,013
	37,437		Apogee Enterprises, Inc		1,530

18

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	216,228		Applied Industrial Technologies, Inc	$	19,714
	89,012	*	Aprogen KIC, Inc		165
	3,510		Arad Investment & Industrial Development Ltd		339
	75,136	e	Arcadis NV		3,059
	76,134		Arcosa, Inc		4,956
	23,180		Argan, Inc		1,237
	70,877		Armstrong World Industries, Inc		6,385
	209,066	*,e	Array Technologies, Inc		6,234
	128,539		Asahi Glass Co Ltd		5,395
	239,117		Aselsan Elektronik Sanayi Ve Ticaret AS		433
	1,079,325	*	Ashok Leyland Ltd		1,683
	1,478,855		Ashtead Group plc		88,281
	62,437		Ashtrom Group Ltd		1,173
	835,164		Assa Abloy AB		24,036
	35,516		Astec Industries, Inc		2,679
	51,347		Astral Polytechnik Ltd		1,141
	39,311	*	Astronics Corp		709
	291,439	*	Atkore International Group, Inc		20,954
	318,664		Atlas Copco AB (A Shares)		19,428
	115,855		Atlas Copco AB (B Shares)		6,038
	76,872	*	ATS Automation Tooling Systems, Inc		1,619
	1,118,926		Austal Ltd		1,911
	135,655		AVIC Aircraft Co Ltd		503
	30,600		Avic Aviation High-Technology Co Ltd		120
	169,831		AVIC Electromechanical Systems Co Ltd		253
	51,016		AVIC Shenyang Aircraft Co Ltd		507
	1,043,037		AviChina Industry & Technology Co		701
	30,759		AVICOPTER plc		238
	40,804		Avon Rubber plc		1,776
	117,225	*	Axon Enterprise, Inc		16,695
	113,727		Ayala Corp		1,736
	131,153	*	AZEK Co, Inc		5,515
	73,714		AZZ, Inc		3,711
	36,238	e	Badger Daylighting Ltd		1,236
	4,066,521		BAE Systems plc		28,320
	701,076		Balfour Beatty plc		2,853
	205,636	*,e	Ballard Power Systems, Inc		5,015
	154,686	*	Barloworld Ltd		946
	73,021		Barnes Group, Inc		3,617
	14,055		BayWa AG.		620
	153,313	*	Beacon Roofing Supply, Inc		8,021
	72,401	e	Beijer Ref AB		3,179
	78,812		Beijing New Building Materials plc		520
	603		Belimo Holding AG.		4,875
	260,408	*	Bera Holding A.S.		771
	955,000		BES Engineering Corp		300
	24,092		BGF Co Ltd		150
	690,082	*	Bharat Heavy Electricals		462
	110,045	e	Bidvest Group Ltd		1,269
	15,379	*	Biesse S.p.A.		441
	94,213		Bizlink Holdings Inc		886
	383,382	*,e	Bloom Energy Corp		10,370
	40,479	*	Blue Bird Corp		1,013
	45,946	*	Blue Star Ltd		589
	6,812	e	Bobst Group AG.		451
	85,906	g	BOC Aviation Ltd		836

19

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	195,138		Bodycote plc	$	2,223
	1,060,520	*	Boeing Co		270,136
	125,240		Boise Cascade Co		7,493
	2,212,956	*,e	Bombardier, Inc		1,708
	20,168		Bonheur ASA		533
	84,245		Boskalis Westminster		2,707
	5,727		Bossard Holding AG.		1,257
	192,902		Bouygues S.A.		7,727
	133,581		Brenntag AG.		11,412
	314,000		Brighton-Best International Taiwan, Inc		299
	6,912		Bucher Industries AG.		3,522
	8,750		Budimex S.A.		678
	26,764		Bufab AB		659
	985,892	*	Builders FirstSource, Inc		45,716
	156,100		Bunka Shutter Co Ltd		1,488
	366,423		Bunzl plc		11,728
	2,841		Burckhardt Compression Holding AG.		946
	4,809		Burkhalter Holding AG.		371
	69,048		BWX Technologies, Inc		4,553
	711,108	*	CAE, Inc		20,263
	109,951	e	Caesarstone Sdot-Yam Ltd		1,510
	24,648		CAI International, Inc		1,122
	18,801		Carbone Lorraine		654
	82,416		Carborundum Universal Ltd		575
	42,610	e	Cargotec Corp (B Shares)		2,306
	87,904		Carlisle Cos, Inc		14,467
	4,620,261		Carrier Global Corp		195,067
	1,037,802		Caterpillar, Inc		240,635
	36,800		Central Glass Co Ltd		784
	3,781	*	Cera Sanitaryware Ltd		203
	83,305	*	Ceres Power Holdings plc		1,442
	893,544		CH Karnchang PCL		513
	57,900	e,g	Changsha Broad Homes Industrial Group Co Ltd		175
	81,190	*	Chart Industries, Inc		11,557
	358,636		Chicony Power Technology Co Ltd		1,030
	61,700		China Aerospace Times Electronics Co Ltd		67
	240,846	e	China Aircraft Leasing Group Holdings Ltd		195
	33,892		China Avionics Systems Co Ltd		78
	1,146,000		China Communications Services Corp Ltd		516
	635,074		China Conch Venture Holdings Ltd		2,992
	270,675		China Fangda Group Co Ltd		107
	145,375		China Gezhouba Group Co Ltd		168
	2,494,000		China High Speed Transmission Equipment Group Co Ltd		2,518
	431,036		China Lesso Group Holdings Ltd		932
	658,000		China Machinery Engineering Corp		294
	112,500		China National Chemical Engineering Co Ltd		120
	471,812		China Railway Group Ltd		426
	1,637,000		China Railway Group Ltd (Hong Kong)		868
	521,200	*	China Shipbuilding Industry Co Ltd		326
	958,200		China State Construction Engineering Corp Ltd		760
	772,000		China State Construction International Holdings Ltd		531
	51,266		China Yuchai International Ltd		794
	143,845	*,e	Chiyoda Corp		623
	12,960		Chori Co Ltd		198
	26,900		Chudenko Corp		574

20

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	260,000		Chung Hsin Electric & Machinery Manufacturing Corp	$	484
	590,988	*	Churchill Capital Corp IV		15,177
	8,117		Cie d’Entreprises CFE		816
	574,000		CIMC Enric Holdings Ltd		412
	134,500	g	CIMC Vehicles Group Co Ltd		107
	79,965	*,e	CIMIC Group Ltd		1,071
	30,779	*	CIRCOR International, Inc		1,072
	2,374,517		Citic Pacific Ltd		2,256
	2,453,000	*	Citic Resources Holdings Ltd		101
	7,377		CJ Corp		615
	2,284,590		CK Hutchison Holdings Ltd		18,252
	49,593		CKD Corp		1,039
	69,859		CNH Industrial NV		1,081
	2,983,296		CNH Industrial NV (NYSE)		46,659
	28,541	g	Cochin Shipyard Ltd		147
	210,996	*	Colfax Corp		9,244
	47,163	e	Columbus McKinnon Corp		2,488
	180,296		Comfort Systems USA, Inc		13,481
	3,866,626		Compagnie de Saint-Gobain		228,330
	117,217		COMSYS Holdings Corp		3,615
	53,230	*,e	Concrete Pumping Holdings Inc		394
	19,960		Construcciones y Auxiliar de Ferrocarriles S.A.		915
	76,955	*	Construction Partners Inc		2,299
	121,252		Contemporary Amperex Technology Co Ltd		6,027
	288,450		Continental Engineering Corp		247
	1,388		Conzzeta AG.		1,718
	812,018	*	Cornerstone Building Brands, Inc		11,393
	25,995		Cosel Co Ltd		257
	132,516		Crane Co		12,445
	11,231		CS Wind Corp		761
	295,402	*	CSBC Corp Taiwan		223
	43,864		CSW Industrials, Inc		5,922
	438,000		CTCI Corp		583
	46,000		Cubic Corp		3,430
	94,103		Cummins India Ltd		1,185
	39,331		Cummins, Inc		10,191
	59,382		Curtiss-Wright Corp		7,043
	10,486	*	Custom Truck One Source, Inc		98
	9,189		Daelim Industrial Co		714
	7,854		Daetwyler Holding AG.		2,339
	142,891	*	Daewoo Engineering & Construction Co Ltd		838
	38,156		Daewoo International Corp		682
	14,272	*	Daewoo Shipbuilding & Marine Engineering Co Ltd		359
	11,138		Dai-Dan Co Ltd		299
	226,813		Daifuku Co Ltd		22,289
	20,248		Daihen Corp		893
	16,489		Daiho Corp		577
	16,837		Daiichi Jitsugyo Co Ltd		637
	364,786		Daikin Industries Ltd		73,745
	35,100		Daiwa Industries Ltd		351
	13,896		Danieli & Co S.p.A.		350
	35,634		Danieli & Co S.p.A. (RSP)		546
	2,096		Dassault Aviation S.A.		2,331
	17,159		Dawonsys Co Ltd		278
	206,815		DCC plc		17,939
	891,046		Deere & Co		333,376

21

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	15,484		Denyo Co Ltd	$	292
	110,611		Deutz AG.		827
	24,847	g	Dilip Buildcon Ltd		198
	183,629		Diploma plc		6,456
	12,066	*	DL E&C Co Ltd		1,285
	3,134,000	*	DMCI Holdings, Inc		359
	822,320		Dogan Sirketler Grubu Holdings		322
	26,690		Donaldson Co, Inc		1,552
	111,929		Dongfang Electric Corp Ltd		218
	46,907	*	Doosan Bobcat, Inc		1,751
	4,770		Doosan Corp		211
	19,116	*	Doosan Fuel Cell Co Ltd		875
	75,380	*	Doosan Heavy Industries and Construction Co Ltd		872
	107,180	*	Doosan Infracore Co Ltd		1,081
	16,190		Douglas Dynamics, Inc		747
	938,560		Dover Corp		128,705
	392,953	*,†	Drake & Scull International PJSC		1
	1,617,159		Dubai Investments PJSC		715
	16,961	*	Ducommun, Inc		1,018
	53,085		Duerr AG.		2,210
	225,100		Dufu Technology Corp Bhd		207
	26,550	*	DXP Enterprises, Inc		801
	30,234	*	Dycom Industries, Inc		2,807
	2,912,300		Dynasty Ceramic PCL		246
	118,416		East Group Co Ltd		117
	5,712	e	Eastern Co		153
	2,184,823		Eaton Corp		302,117
	93,600		Ebara Corp		3,819
	7,190		Ecopro BM Co Ltd		1,042
	46,946		Eiffage S.A.		4,694
	1,156,800		Ekovest BHD		135
	22,259		Elbit Systems Ltd		3,154
	20,429		Elco Holdings Ltd		1,003
	2,813		Electra Israel Ltd		1,467
	136,319	*,e	Electro Optic Systems Holdings Ltd		542
	1,450,636		Electrocomponents plc		19,865
	206,766	*	Electrolux Professional AB		1,073
	325,353		ElSewedy Electric Co		187
	2,064,488	*	Embraer S.A.		5,139
	197,095		EMCOR Group, Inc		22,106
	470,946	*,e	Emeco Holdings Ltd		341
	81,460		Emerson Electric Co		7,349
	31,836		Encore Wire Corp		2,137
	114,506	*	Energy Recovery, Inc		2,100
	71,789		Enerpac Tool Group Corp		1,875
	64,485		EnerSys		5,855
	176,971		Engineers India Ltd		188
	60,574		EnPro Industries, Inc		5,165
	201,862		Epiroc AB		4,205
	44,960		Epiroc AB (Class A)		1,019
	21,277		ESCO Technologies, Inc		2,317
	118,858		Escorts Ltd		2,099
	47,907		Eve Energy Co Ltd		554
	5,163	*	EVI Industries, Inc		149
	445,319	*	Evoqua Water Technologies Corp		11,712
	367,600	*	Fangda Carbon New Material Co Ltd		459

22

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	175,784	*	Fanuc Ltd	$	42,260
	2,806,631		Far Eastern Textile Co Ltd		2,980
	884,334		Fastenal Co		44,464
	267,045		Federal Signal Corp		10,228
	15,365		Ferguson plc		1,835
	410,311		Ferrovial S.A.		10,722
	574,478	*,e	Fincantieri S.p.A		471
	168,909		Finning International, Inc		4,296
	54,990		Finolex Cables Ltd		288
	306,000	*,e	First Tractor Co		132
	22,673		Flowserve Corp		880
	1,193,005		FLSmidth & Co AS		45,705
	90,932		Fluidra S.A.		2,597
	223,939	*	Fluor Corp		5,171
	92,381		Fomento de Construcciones y Contratas S.A.		1,090
	858,674		Fortive Corp		60,657
	195,810		Fortune Brands Home & Security, Inc		18,763
	93,000		Fortune Electric Co Ltd		148
	2,366,008	e	Fosun International		3,322
	69,377		Franklin Electric Co, Inc		5,477
	591,909	*	FuelCell Energy, Inc		8,529
	5,833	*	Fuji Electric Holdings Co Ltd		244
	64,045		Fuji Machine Manufacturing Co Ltd		1,644
	1,000,378	*	Fujikura Ltd		4,925
	63,039		Fujitec Co Ltd		1,346
	6,571		Fukuda Corp		314
	13,639	*	Fukushima Industries Corp		539
	31,756		Furukawa Co Ltd		384
	68,744	e	Furukawa Electric Co Ltd		1,849
	100,177		Futaba Corp/Chiba		882
	1,359,811	*	Gamuda BHD		1,174
	5,903		GARO AB		396
	91,652	*	Gates Industrial Corp plc		1,466
	54,557	e	GATX Corp		5,060
	515,624		GEA Group AG.		21,149
	10,180		Geberit AG.		6,479
	14,500		Gecoss Corp		126
	44,476	*	GEK Group of Cos S.A.		542
	12,069	*	Gencor Industries, Inc		162
	99,414	*	Generac Holdings, Inc		32,553
	186,850		General Dynamics Corp		33,924
	1,192,595		General Electric Co		15,659
	5,314	*	General Finance Corp		65
	4,176		Georg Fischer AG.		5,581
	68,467	*	Gibraltar Industries, Inc		6,265
	15,301		Giken Seisakusho Co, Inc		690
	47,656		Glory Ltd		1,027
	5,900		GMM Pfaudler Ltd		349
	104,564	*	GMS, Inc		4,366
	67,983	*	Godrej Industries Ltd		508
	25,920		Gorman-Rupp Co		858
	27,230	*	Gotion High-tech Co Ltd		151
	100,886		Graco, Inc		7,225
	232,322		GrafTech International Ltd		2,841
	230,890		Grafton Group plc		3,259
	18,729		Graham Corp		267

23

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	69,131	e	Granite Construction, Inc	$	2,783
	43,322	*	Graphite India Ltd		304
	114,264	*	Great Lakes Dredge & Dock Corp		1,666
	51,062		Greenbrier Cos, Inc		2,411
	386,000	*,e,g	Greentown Management Holdings Co Ltd		195
	66,882		Griffon Corp		1,817
	374,093	e	Grupo Carso S.A. de C.V. (Series A1)		1,023
	25,690	e	Grupo Empresarial San Jose		189
	121,919	e	Grupo Rotoplas SAB de C.V.		176
	23,428		GS Engineering & Construction Corp		895
	68,054	e	GS Yuasa Corp		1,853
	255,514		GT Capital Holdings, Inc		2,754
	13,015		Guangdong Kinlong Hardware Products Co Ltd		331
	73,122		Gulf Cable & Electrical Industries Co KSCP		207
	217,431		GWA International Ltd		473
	49,099		H&E Equipment Services, Inc		1,866
	597,497		Haitian International Holdings Ltd		2,387
	205,096		Hangzhou Steam Turbine Co		312
	24,806	*	Hanjin Heavy Industries & Construction Co Ltd		164
	35,979		Hanwa Co Ltd		1,107
	17,551		Hanwha Corp		497
	21,645		Hanwha Systems Co Ltd		425
	516,781		HAP Seng Consolidated BHD		1,041
	568,000	*	Harbin Power Equipment		154
	19,300		Harmonic Drive Systems, Inc		1,309
	85,888		Havells India Ltd		1,237
	193,136		Hazama Ando Corp		1,483
	44,607	*,e	HC2 Holdings, Inc		176
	29,485		HDC Hyundai Development Co-Engineering & Construction		768
	370,500		Hebei Construction Group Corp Ltd		124
	33,160		Hefei Meiya Optoelectronic Technology, Inc		214
	8,728	*	HEG Ltd		175
	65,312		HEICO Corp		8,216
	116,644		HEICO Corp (Class A)		13,251
	57,186		Helios Technologies, Inc		4,167
	37,440	*	Herc Holdings, Inc		3,794
	114,618		Hexagon Composites ASA		637
	117,063	*	Hexcel Corp		6,556
	10,528		Hibiya Engineering Ltd		185
	117,302		Hillenbrand, Inc		5,596
	127,994		Hino Motors Ltd		1,101
	9,000	e	Hirata Corp		560
	467,159	*	Hitachi Construction Machinery Co Ltd		14,970
	171,420	e	Hitachi Zosen Corp		1,389
	105,042		Hiwin Technologies Corp		1,497
	18,616		Hochtief AG.		1,667
	2,811,693		Honeywell International, Inc		610,334
	22,275		Hongfa Technology Co Ltd		168
	38,062		Hoshizaki Electric Co Ltd		3,403
	7,701		Hosokawa Micron Corp		468
	980,149		Howden Joinery Group plc		9,904
	654,983	*	Howmet Aerospace, Inc		21,045
	561,524	e	Hubbell, Inc		104,943
	15,346		Huber & Suhner AG.		1,189
	21,115		Huntington Ingalls		4,347

24

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	7,361		Hurco Cos, Inc	$	260
	10,918	*	Hydrofarm Holdings Group, Inc		659
	23,095		Hyosung Corp		1,819
	3,516	*	Hyosung Heavy Industries Corp		246
	15,814		Hyster-Yale Materials Handling, Inc		1,378
	8,747	*	Hyundai Construction Equipment Co Ltd		417
	26,819	*	Hyundai Electric & Energy System Co Ltd		501
	20,159		Hyundai Elevator Co Ltd		818
	31,225		Hyundai Engineering & Construction Co Ltd		1,221
	15,974	*	Hyundai Heavy Industries		1,895
	18,183	*	Hyundai Mipo Dockyard		1,081
	3,723		Hyundai Robotics Co Ltd		961
	220,335	*	Hyundai Rotem Co Ltd		3,974
	33,477		Idec Corp		539
	10,333		IDEX Corp		2,163
	20,560	*	IES Holdings, Inc		1,036
	2,111,800		IJM Corp BHD		862
	4,841		Iljin Diamond Co Ltd		174
	207,218		Illinois Tool Works, Inc		45,903
	278,043		IMI plc		5,111
	12,120	*,e	Implenia AG.		334
	78,336		Inaba Denki Sangyo Co Ltd		1,893
	56,198		Inabata & Co Ltd		843
	15,380	*,g	IndiaMart InterMesh Ltd		1,631
	18,290		Indus Holding AG.		759
	722,403		Industries Qatar QSC		2,373
	276,918		Indutrade AB		6,394
	426,242	*	Ingersoll Rand, Inc		20,975
	31,000		Inner Mongolia First Machinery Group Co Ltd		47
	2,803,600	*,†	Inovisi Infracom Tbk PT		0	^
	1,628,420	*	InPost S.A.		26,670
	44,820		Instalco AB		1,641
	32,415		Insteel Industries, Inc		1,000
	100,636		Integrated Holding Co KCSC		138
	78,443		Interpump Group S.p.A.		3,953
	656		Interroll Holding AG.		2,321
	124,628		Investment AB Latour		3,229
	42,595	e	INVISIO AB		1,017
	130,618		Inwido AB		2,155
	86,024	*	Iochpe-Maxion S.A.		184
	115,591		IRB Infrastructure Developers Ltd		172
	10,411		IS Dongseo Co Ltd		523
	31,324		Iseki & Co Ltd		468
	136,200	*,e	Ishikawajima-Harima Heavy Industries Co Ltd		2,771
	12,821		Italmobiliare S.p.A		432
	391,160	*,e	Itm Power plc		2,552
	1,398,962	e	Itochu Corp		45,419
	530,059		ITT, Inc		48,188
	7,932		Japan Pulp & Paper Co Ltd		262
	59,961		Japan Steel Works Ltd		1,428
	185,068		Jardine Matheson Holdings Ltd		12,125
	188,188	e	Jardine Strategic Holdings Ltd		6,218
	44,120		JDC Corp		245
	112,157	*	JELD-WEN Holding, Inc		3,106
	2,594,446		JG Summit Holdings (Series B)		3,196
	453,400		JGC Corp		5,574

25

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	61,204		Jiangsu Hengli Hydraulic Co Ltd	$	839
	147,018		Jiangsu Zhongtian Technology Co Ltd		257
	122,254		John Bean Technologies Corp		16,301
	517,731	g	John Laing Group plc		2,236
	897,290		Johnson Controls International plc		53,541
	15,150	g	JOST Werke AG.		958
	201,100	*,e	JTOWER, Inc		15,657
	5,082		Judges Scientific plc		443
	48,883		Jungheinrich AG.		2,353
	3,282	e	Kaba Holding AG.		2,242
	8,363		Kadant, Inc		1,547
	59,602		Kajaria Ceramics Ltd		758
	201,599		Kajima Corp		2,867
	50,418		Kalpataru Power Transmission Ltd		261
	188,900	*	Kama Co Ltd		74
	40,476		Kaman Corp		2,076
	23,375		Kamei Corp		263
	32,900		Kanamoto Co Ltd		858
	86,001		Kandenko Co Ltd		754
	73,900		Kanematsu Corp		994
	1,975,919	*	KAP Industrial Holdings Ltd		553
	6,227		Kardex AG.		1,273
	23,800		Katakura Industries Co Ltd		313
	144,800	*	Kawasaki Heavy Industries Ltd		3,589
	91,984	*	KEC International Ltd		520
	41,321		KEI Industries Ltd		296
	55,259		Keihan Electric Railway Co Ltd		2,300
	90,233		Keller Group plc		1,000
	757,335		Kennametal, Inc		30,271
	10,583		KEPCO Engineering & Construction Co, Inc		210
	1,242,547		Keppel Corp Ltd		4,923
	212,571		Kinden Corp		3,625
	10,536		Kingspan Group plc		891
	60,655		KION Group AG.		5,993
	73,400		Kitz Corp		426
	118,917	*	Kloeckner & Co AG.		1,498
	60,778		Knorr-Bremse AG.		7,585
	298,380		KOC Holding AS		704
	12,682	*	Koenig & Bauer AG.		378
	689,920		Komatsu Ltd		21,380
	3,886		Komax Holding AG.		940
	58,490		Komori Corp		397
	23,226		Kone Oyj (Class B)		1,898
	64,331	e	Konecranes Oyj		2,867
	95,662		Kongsberg Gruppen ASA		2,195
	289,756		Koninklijke BAM Groep NV		733
	58,636		Korea Aerospace Industries Ltd		1,910
	4,030		Korea Electric Terminal Co Ltd		258
	435,123	*	Kornit Digital Ltd		43,129
	128,767	*	Kratos Defense & Security Solutions, Inc		3,513
	14,175		Krones AG.		1,152
	817,012		Kubota Corp		18,638
	86,653		Kumagai Gumi Co Ltd		2,351
	42,997		Kung Long Batteries Industrial Co Ltd		223
	69,987		Kurita Water Industries Ltd		3,007
	33,654		Kyokuto Kaihatsu Kogyo Co Ltd		504

26

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	102,855		Kyowa Exeo Corp	$	2,717
	41,922		Kyudenko Corp		1,603
	5,517		Kyung Dong Navien Co Ltd		249
	319,706		L3Harris Technologies, Inc		64,798
	2,980		Lakshmi Machine Works Ltd		277
	1,071,621		Larsen & Toubro Ltd		20,887
	4,875	*	Lawson Products, Inc		253
	21,789	*	LB Foster Co (Class A)		390
	70,263		Legrand S.A.		6,528
	48,139		Lennox International, Inc		15,000
	413,909		Leonardo S.p.A.		3,348
	83,041		LG Corp		6,663
	25,099		LG Hausys Ltd		1,892
	151,981		LG International Corp		4,298
	242,438	*	Liberty Media Acquisition Corp		2,597
	45,355		Lifco AB		4,214
	8,473		LIG Nex1 Co Ltd		302
	15,123		Lincoln Electric Holdings, Inc		1,859
	138,138		Lindab International AB		2,795
	8,303		Lindsay Corp		1,383
	15,770		LISI		460
	841,350		LIXIL Group Corp		23,414
	353,052		Lockheed Martin Corp		130,453
	4,759,355		Lonking Holdings Ltd		2,027
	123,175		Lotte Corp		3,710
	13,504		LS Cable Ltd		821
	35,547		LS Industrial Systems Co Ltd		1,921
	35,450		LSI Industries, Inc		302
	46,776		Luxfer Holdings plc		995
	28,017	*	Lydall, Inc		945
	48,332		Mabuchi Motor Co Ltd		2,131
	410,115	e	Maeda Corp		3,542
	18,733	e	Maeda Kosen Co Ltd		565
	36,562		Maeda Road Construction Co Ltd		709
	166,463	e	Maire Tecnimont S.p.A		489
	22,439		Makino Milling Machine Co Ltd		881
	318,391	e	Makita Corp		13,675
	1,254,500		Malaysian Resources Corp BHD		140
	11,268		Manitou BF S.A.		378
	52,550	*	Manitowoc Co, Inc		1,084
	407,410		Marcopolo S.A.		203
	1,039,540		Marubeni Corp		8,682
	1,332,347		Masco Corp		79,808
	27,343	*	Masonite International Corp		3,151
	85,992	*	Mastec, Inc		8,057
	81,659	*	Matrix Service Co		1,071
	27,600		Max Co Ltd		409
	130,487		Maxar Technologies, Inc		4,935
	5,628	*	Mayville Engineering Co Inc		81
	2,387		MBB SE		361
	78,198		McGrath RentCorp		6,307
	20,299	*,e	McPhy Energy S.A.		774
	810,035	*	Meggitt plc		5,327
	35,871		Meidensha Corp		783
	23,800		Meisei Industrial Co Ltd		167
	872,219		Melrose Industries plc		2,006

27

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	86,135	*	Mercury Systems, Inc	$	6,085
	63,455	*	Meritor, Inc		1,867
	389,503		Metallurgical Corp of China Ltd		204
	26,200		METAWATER Co Ltd		524
	642,487	*	Metso Outotec Oyj		7,163
	9,578	*	Middleby Corp		1,588
	54,694	e	Mie Kotsu Group Holdings, Inc		252
	24,267		Millat Tractors Ltd		175
	18,379	e	Miller Industries, Inc		849
	284,290		Minebea Co Ltd		7,297
	82,762		Miraito Holdings Corp		1,366
	376,454		MISUMI Group, Inc		10,966
	1,049,535		Mitsubishi Corp		29,753
	808,577		Mitsubishi Electric Corp		12,358
	249,638		Mitsubishi Heavy Industries Ltd		7,773
	30,000		Mitsubishi Nichiyu Forklift Co Ltd		352
	25,750		Mitsuboshi Belting Co Ltd		415
	2,181,469		Mitsui & Co Ltd		45,528
	74,231		Miura Co Ltd		4,016
	90,420		Monadelphous Group Ltd		719
	1,087,590		MonotaRO Co Ltd		29,504
	45,511		Moog, Inc (Class A)		3,784
	298,370		Morgan Crucible Co plc		1,280
	40,164		Morgan Sindall plc		978
	115,244		Mori Seiki Co Ltd		1,894
	29,100		Morita Holdings Corp		470
	93,692	*,e	Mota Engil SGPS S.A.		155
	366,632	*	MRC Global, Inc		3,311
	62,717		MSC Industrial Direct Co (Class A)		5,656
	44,901		MTU Aero Engines Holding AG.		10,577
	104,836		Mueller Industries, Inc		4,335
	269,668		Mueller Water Products, Inc (Class A)		3,746
	121,469	*,g	Munters Group AB		1,008
	60,331	*	MYR Group, Inc		4,324
	33,662		Nabtesco Corp		1,540
	13,933		Nachi-Fujikoshi Corp		608
	104,100		Nagase & Co Ltd		1,630
	252,554		NARI Technology Co Ltd		1,205
	120,508		National Central Cooling Co PJSC		92
	845,631		National Industries Group Holding SAK		524
	7,882		National Presto Industries, Inc		805
	78,574	*	Navistar International Corp		3,460
	469,836		NBCC India Ltd		302
	201,991	e	NCC AB (B Shares)		3,410
	1,438,198	*	NEL ASA		4,256
	104,719	e	Neles Oyj		1,329
	26,580		Nexans S.A.		2,352
	66,555	e	NFI Group, Inc		1,482
	11,904		NGK Insulators Ltd		218
	356,397		Nibe Industrier AB		11,053
	57,340		Nichias Corp		1,454
	16,100		Nichiden Corp		319
	50,445		Nichiha Corp		1,471
	24,900		Nichireki Co Ltd		356
	97,652		Nidec Corp		11,906
	4,785		Nihon Trim Co Ltd		178

28

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	54,067		Nikkiso Co Ltd	$	551
	21,951	*	Nilfisk Holding A.S.		669
	101,776	e	Nippo Corp		2,780
	10,600		Nippon Carbon Co Ltd		445
	36,459		Nippon Densetsu Kogyo Co Ltd		639
	13,325		Nippon Koei Co Ltd		379
	5,700		Nippon Road Co Ltd		424
	7,472		Nippon Sharyo Ltd		168
	101,000	*,e	Nippon Sheet Glass Co Ltd		519
	16,517		Nippon Steel Trading Co Ltd		607
	55,365	e	Nishimatsu Construction Co Ltd		1,405
	20,700		Nishio Rent All Co Ltd		561
	7,095		Nissei ASB Machine Co Ltd		338
	131,831		Nisshinbo Industries, Inc		983
	47,300		Nissin Electric Co Ltd		533
	20,400		Nitta Corp		486
	362,800	e	Nitto Boseki Co Ltd		13,224
	42,135		Nitto Kogyo Corp		774
	11,073		Nitto Kohki Co Ltd		192
	13,935		Nittoku Engineering Co Ltd		415
	42,749	*	NKT Holding AS		1,857
	81,879	*	NN, Inc		579
	2,400	*,†,e	Noble Group Ltd		0	^
	40,571		Nolato AB (B Shares)		3,613
	65,264	*	Nordex AG.		2,094
	96,149	e	Nordson Corp		19,103
	9,983		Noritake Co Ltd		321
	20,251		Noritsu Koki Co Ltd		487
	31,631		Noritz Corp		505
	32,608		NORMA Group		1,548
	480,431		Northrop Grumman Corp		155,487
	15,895	*	Northwest Pipe Co		531
	449,622	*	NOW, Inc		4,537
	389,550		NRW Holdings Ltd		586
	621,490		NSK Ltd		6,390
	921,861	*	NTN Corp		2,852
	8,590	*	NV5 Global Inc		830
	26,974	e	nVent Electric plc		753
	1,610,000		NWS Holdings Ltd		1,707
	12,846	e	Obara Corp		439
	290,909		Obayashi Corp		2,670
	214,793	e	OC Oerlikon Corp AG.		2,486
	5,961		OHB AG.		247
	23,121		Oiles Corp		355
	38,800		Okabe Co Ltd		274
	24,067		Okuma Holdings, Inc		1,382
	25,700		Okumura Corp		683
	2,168	e	Omega Flex, Inc		342
	165,492	*,e	Opus Global Rt		139
	25,137		Organo Corp		1,509
	20,974	*	Orion Energy Systems, Inc		146
	89,706	*	OSG Corp		1,601
	27,916		Oshkosh Corp		3,313
	39,753	*	OSRAM Licht AG.		2,478
	594,047		Otis Worldwide Corp		40,663
	6,497		Otokar Otobus Karoseri Sanayi AS		286

29

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	1,659,759		Owens Corning, Inc	$	152,847
	223,400		PACCAR, Inc		20,758
	293,379	*,e	PAE, Inc		2,646
	12,377	e	Palfinger AG.		483
	36,186		Park Aerospace Corp		478
	772,323		Parker-Hannifin Corp		243,614
	13,693		Park-Ohio Holdings Corp		431
	26,047	*,e	Parsons Corp		1,053
	189,863		Peab AB (Series B)		2,296
	32,752		Pentair plc		2,041
	1,431,600		Pentamaster Corp BHD		1,941
	275,346		Penta-Ocean Construction Co Ltd		2,164
	31,200		PER Aarsleff A.S.		1,355
	4,920		Pfeiffer Vacuum Technology AG.		894
	72,109	*	PGT Innovations, Inc		1,821
	793,445	*	Plug Power, Inc		28,437
	65,161	*	PNC Infratech Ltd		230
	32,777		PNE AG.		284
	21,971	*	Polycab India Ltd		416
	229,410		Polypipe Group plc		1,756
	207,805		Polyplex PCL (Foreign)		153
	13,353	e	Porr AG.		244
	18,134		Powell Industries, Inc		614
	316,669		Power Construction Corp of China Ltd		199
	37,830	*	PowerCell Sweden AB		1,115
	2,364,388		PP Persero Tbk PT		224
	4,666		Preformed Line Products Co		321
	222,936		Primoris Services Corp		7,386
	19,951	*	Proto Labs, Inc		2,429
	16,457		Prysmian S.p.A.		534
	127,567		PSG Group Ltd		611
	1,222,191		QinetiQ plc		5,325
	51,712		Quanex Building Products Corp		1,356
	243,889		Quanta Services, Inc		21,457
	45,900		Raito Kogyo Co Ltd		781
	142,532		Randon Participacoes S.A.		347
	4,326		Rational AG.		3,360
	53,280		Raven Industries, Inc		2,042
	4,205,644		Raytheon Technologies Corp		324,970
	62,160	*	RBC Bearings, Inc		12,231
	464,000	*	Realord Group Holdings Ltd		584
	232,797		Rechi Precision Co Ltd		177
	78,696		Regal-Beloit Corp		11,228
	821,981		Reliance Worldwide Corp Ltd		2,815
	320,860	*	Resideo Technologies, Inc		9,064
	125,682		Reunert Ltd		430
	302,187	*	REV Group, Inc		5,790
	331,629		Rexel S.A.		6,564
	509,641		Rexnord Corp		23,999
	97,000		Rexon Industrial Corp Ltd		321
	45,255		Rheinmetall AG.		4,590
	55,916	e	Richelieu Hardware Ltd		1,838
	3,012		Rieter Holding AG.		406
	261,180		Rockwell Automation, Inc		69,328
	548		Rockwool International AS (B Shares)		231
	7,076,666		Rolls-Royce Group plc		10,277

30

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	323,448		Roper Technologies Inc	$	130,460
	1,718,128		Rotork plc		8,445
	132,600		Run Long Construction Co Ltd		268
	64,456		Rush Enterprises, Inc (Class A)		3,212
	8,786		Rush Enterprises, Inc (Class B)		396
	64,643		Russel Metals, Inc		1,285
	21,957		Ryobi Ltd		331
	80,864		Saab AB (Class B)		2,215
	390,870		Sacyr Vallehermoso S.A.		1,003
	269,937		Safran S.A.		36,719
	13,794	e	Salcef S.p.A		209
	73,720		Samsung C&T Corp		8,154
	63,294	*	Samsung Engineering Co Ltd		787
	196,258	*	Samsung Heavy Industries Co Ltd		1,355
	142,331		Samsung Techwin Co Ltd		5,176
	78,623		San Shing Fastech Corp		170
	2,364,218		Sandvik AB		64,690
	45,200		Sanki Engineering Co Ltd		592
	372,941		Sanwa Shutter Corp		4,885
	825,000		Sany Heavy Equipment International		982
	453,257		Sany Heavy Industry Co Ltd		2,375
	9,400		Sanyo Denki Co Ltd		502
	157,458	*	Saudi Ceramic Co		1,752
	31,640	e	Savaria Corp		441
	5,890		Schaeffler India Ltd		439
	56,182	e	Schindler Holding AG.		16,507
	1,379		Schindler Holding AG. (Registered)		396
	619,220		Schneider Electric S.A.		94,329
	1,040		Schweiter Technologies AG.		1,717
	29,295		Sekisui Jushi Corp		556
	8,078,436	*,e	SembCorp Marine Ltd		1,024
	11,803	*	Semperit AG. Holding		525
	395,190		Senior plc		603
	130,934	*	Sensata Technologies Holding plc		7,588
	366,686		Service Stream Ltd		298
	140,558	e	Seven Group Holdings Ltd		2,414
	13,480		SFA Engineering Corp		486
	17,437		SFS Group AG.		2,170
	56,881	*	SGL Carbon AG.		403
	196,708	*	SGSB Group Co Ltd		73
	153,827		Shanghai Construction Group Co Ltd		71
	335,280		Shanghai Diesel Engine Co Ltd		172
	511,703	*	Shanghai Electric Group Co Ltd		434
	225,248		Shanghai Highly Group Co Ltd		113
	334,000		Shanghai Industrial Holdings Ltd		499
	130,793		Shapir Engineering and Industry Ltd		946
	85,560		Shenzhen Inovance Technology Co Ltd		1,122
	18,136		Shibaura Machine Co Ltd		459
	14,500		Shibuya Kogyo Co Ltd		465
	236,684	*	Shikun & Binui Ltd		1,372
	36,900		Shima Seiki Manufacturing Ltd		857
	243,344		Shimizu Corp		1,970
	10,904		Shin Nippon Air Technologies Co Ltd		237
	125,361		Shin Zu Shing Co Ltd		580
	21,700		Shinko Electric Co Ltd		259
	36,084	e	Shinko Plantech Co Ltd		390

31

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	54,700		Shinmaywa Industries Ltd	$	506
	39,048		Shinnihon Corp		312
	122,581	*	Shoals Technologies Group, Inc		4,263
	41,608		SHO-BOND Holdings Co Ltd		1,796
	1,537,469		Shun TAK Holdings Ltd		472
	25,579		Shyft Group, Inc		952
	92,800	*	Siasun Robot & Automation Co Ltd		161
	1,402,429		Siemens AG.		230,435
	1,445,579	*	Siemens Energy AG.		51,891
	16,255		Siemens Gamesa Renewable Energy		630
	24,780		Siemens India Ltd		627
	12,782	*	SIF Holding NV		242
	463,090	g	Signify NV		23,818
	1,243,459		Sime Darby BHD		720
	80,972		Simpson Manufacturing Co, Inc		8,399
	703,307		Singapore Technologies Engineering Ltd		2,037
	47,851	e	Sinko Industries Ltd		942
	798,096		Sino Thai Engineering & Construction PCL		404
	1,097,500		Sinopec Engineering Group Co Ltd		607
	662,467		Sinotruk Hong Kong Ltd		1,994
	42,961		Sintokogio Ltd		300
	51,243	*	SiteOne Landscape Supply, Inc		8,749
	31,158		SK Holdings Co Ltd		7,811
	112,497		SK Networks Co Ltd		562
	165,326	e	Skanska AB (B Shares)		4,146
	26,044	e	SKF AB (B Shares)		741
	216,466		SM Investments Corp		4,287
	38,763	*	SMC Corp		22,575
	1,901,571		Smiths Group plc		40,284
	76,736		Snap-On, Inc		17,706
	186,878	e	SNC-Lavalin Group, Inc		4,000
	44,800	e	Sodick Co Ltd		418
	1,276,813		Sojitz Holdings Corp		3,608
	62,353		Spirax-Sarco Engineering plc		9,797
	578,130		Spirit Aerosystems Holdings, Inc (Class A)		28,126
	131,411	*	SPX Corp		7,657
	67,174	e	SPX FLOW, Inc		4,254
	45,003		Stabilus S.A.		3,173
	45,204	e	Stadler Rail AG.		2,155
	19,171		Standex International Corp		1,832
	590,211		Stanley Black & Decker, Inc		117,847
	32,466		Star Micronics Co Ltd		485
	71,258	*	Sterling Construction Co, Inc		1,653
	24,807	e	Sulzer AG.		2,794
	943,870		Sumitomo Corp		13,508
	18,097		Sumitomo Densetsu Co Ltd		394
	338,000		Sumitomo Heavy Industries Ltd		9,398
	143,857		Sumitomo Mitsui Construction Co Ltd		648
	73,670		Sungrow Power Supply Co Ltd		815
	145,000		Sunonwealth Electric Machine Industry Co Ltd		270
	273,168	*	Sunrun, Inc		16,521
	301,848		Sunway Construction Group BHD		131
	22,463		Sunwoda Electronic Co Ltd		67
	86,763		Suzhou Gold Mantis Construction Decoration Co Ltd		125
	206,750	e	Sweco AB		3,374
	12,669		Systemax, Inc		521

32

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	103,522		Tadano Ltd	$	1,111
	16,160		Taeyoung Engineering & Construction Co Ltd		172
	191,635	*	Taihan Electric Wire Co Ltd		197
	13,743		Taihei Dengyo Kaisha Ltd		329
	48,053		Taikisha Ltd		1,319
	85,586		Taisei Corp		3,302
	800,670	*	Taiwan Glass Industrial Corp		561
	10,239		Takamatsu Corp		199
	30,864		Takara Standard Co Ltd		466
	98,941		Takasago Thermal Engineering Co Ltd		1,543
	36,800		Takeuchi Manufacturing Co Ltd		1,029
	66,500		Takuma Co Ltd		1,444
	76,355	*,e,g	Talgo S.A.		384
	28,698		Tarkett S.A.		458
	43,200		Tatsuta Electric Wire and Cable Co Ltd		246
	257,666		TBEA Co Ltd		443
	1,411,475		Techtronic Industries Co		24,198
	1,357,000		Teco Electric and Machinery Co Ltd		1,542
	18,399		Teikoku Sen-I Co Ltd		373
	134,422		Tekfen Holding AS		242
	130,723	*	Teledyne Technologies, Inc		54,074
	13,544		Tennant Co		1,082
	2,785,650		Terex Corp		128,335
	82,468	*	Textainer Group Holdings Ltd		2,363
	941,687		Textron, Inc		52,810
	217,954		Thales S.A.		21,632
	28,450	*,e	The ExOne Company		892
	32,976	*	Thermax Ltd		607
	50,694	*	Thermon Group Holdings		988
	36,765		THK Co Ltd		1,276
	313,353		Timken Co		25,435
	15,242		Timken India Ltd		271
	82,679	*	Titan Machinery, Inc		2,108
	41,569		TKH Group NV		1,990
	45,300	e	Toa Corp/Tokyo		1,001
	51,711		Tocalo Co Ltd		679
	378,456	e	Toda Corp		2,777
	8,815		Toenec Corp		312
	87,900		Tokai Corp		761
	70,102		Tokyu Construction Co Ltd		382
	62,836	*	Topsec Technologies Group Inc		191
	80,562		Toro Co		8,309
	75,161		Toromont Industries Ltd		5,753
	305,292		Toshiba Corp		10,333
	27,477		Totetsu Kogyo Co Ltd		658
	136,428		Toto Ltd		8,397
	85,803		Toyo Construction Co Ltd		445
	12,700		Toyo Tanso Co Ltd		247
	95,258		Toyota Tsusho Corp		4,011
	54,321	*	TPI Composites, Inc		3,065
	1,130,735		Trane Technologies plc		187,204
	5,193	*	Transcat Inc		255
	110,221	*	TransDigm Group, Inc		64,801
	258,269		Travis Perkins plc		5,491
	417,767		Trelleborg AB (B Shares)		10,625
	188,658	*	Trex Co, Inc		17,270

33

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	66,143	*	Trimas Corp	$	2,005
	16,100		Trinity Industries, Inc		459
	94,843		Triton International Ltd		5,215
	84,528	*	Triumph Group, Inc		1,554
	37,902		Troax Group AB		1,054
	42,610		Trusco Nakayama Corp		1,130
	45,930		Tsubaki Nakashima Co Ltd		706
	26,290		Tsubakimoto Chain Co		725
	44,300		Tsugami Corp		668
	25,700		Tsukishima Kikai Co Ltd		298
	18,514		Tsurumi Manufacturing Co Ltd		304
	55,383		Turk Traktor ve Ziraat Makineleri AS		1,385
	1,275,439		Turkiye Sise ve Cam Fabrikalari AS		1,124
	69,925	*	Tutor Perini Corp		1,325
	74,665	*	TY Holdings Co Ltd		1,744
	218,299		UFP Industries, Inc		16,556
	74,143		Ultra Electronics Holdings		2,074
	7,488	*	Ultralife Corp		62
	10,000		Union Tool Co		319
	79,685	*	Unison Co Ltd		305
	283,537		United Integrated Services Co Ltd		2,469
	190,724	*	United Rentals, Inc		62,807
	232,738	*	Univar Solutions Inc		5,013
	58,130		Uponor Oyj		1,290
	97,300		Ushio, Inc		1,286
	1,157,500		UWC BHD		1,640
	287,077	e	Valmet Corp		10,453
	29,147		Valmont Industries, Inc		6,927
	18,581	*,e	Varta AG.		2,735
	47,069	g	VAT Group AG.		13,176
	64,822	*	Vectrus, Inc		3,464
	106,859		Veidekke ASA		1,483
	19,991	*	Veritiv Corp		850
	393,133		Vertiv Holdings Co		7,863
	40,124		Vestas Wind Systems AS		8,277
	222,224		Vesuvius plc		1,652
	136,492	*	V-Guard Industries Ltd		472
	14,132	*	Vicor Corp		1,202
	567,815		Vinci S.A.		58,157
	108,593	*,e	Virgin Galactic Holdings, Inc		3,326
	170,162		Voltas Ltd		2,339
	85,172		Voltronic Power Technology Corp		3,322
	268,242	e	Volvo AB (B Shares)		6,793
	9,170		Vossloh AG.		457
	583,977	e,g	VPower Group International Holdings Ltd		135
	394,295		W.W. Grainger, Inc		158,085
	83,689		Wabash National Corp		1,573
	1,427,462		Wabtec Corp		112,998
	31,399		Wacker Construction Equipment AG.		752
	24,600		Wakita & Co Ltd		222
	1,998,472		Walsin Lihwa Corp		1,335
	3,499,958	e	Wartsila Oyj (B Shares)		36,689
	11,895		Washtec AG.		684
	3,718,800		Waskita Karya Persero Tbk PT		297
	51,614		Watsco, Inc		13,458
	38,293		Watts Water Technologies, Inc (Class A)		4,550

34

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	251,059	e	Webuild SpA	$	525
	718,625		Weg S.A.		9,519
	775,709		Weichai Power Co Ltd		1,947
	123,058		Weichai Power Co Ltd (Class A)		363
	844,074		Weir Group plc		20,688
	501,530	*	Welbilt, Inc		8,150
	99,384	*	WESCO International, Inc		8,600
	2,302,872		Wijaya Karya Persero Tbk PT		245
	1,921	*,e	Willis Lease Finance Corp		83
	659,674	*	WillScot Mobile Mini Holdings Corp		18,306
	40,892		Wilson Bayly Holmes-Ovcon Ltd		271
	78,560	e	Woodward Inc		9,477
	103,595		WSP Global, Inc		9,856
	584,338		XCMG Construction Machinery Co Ltd		679
	282,111		Xiamen C & D, Inc		363
	269,267		Xinjiang Goldwind Science & Technology Co Ltd		586
	718,013	e	Xinjiang Goldwind Science & Technology Co Ltd (Hong Kong)		1,362
	1,544,000		Xinyi Glass Holdings Co Ltd		5,072
	98,112		Xxentria Technology Materials Corp		229
	24,507		Xylem, Inc		2,578
	27,772		Yahagi Construction Co Ltd		211
	37,080		YAMABIKO Corp		412
	38,800	e	Yamashin-Filter Corp		310
	50,270		Yamazen Corp		474
	2,559,100		Yangzijiang Shipbuilding		2,442
	20,520		Yantai Eddie Precision Machinery Co Ltd		189
	11,122		Yaskawa Electric Corp		556
	130,286	e	YIT Oyj		693
	49,779		Yokogawa Bridge Holdings Corp		923
	13,852		Yuasa Trading Co Ltd		391
	93,000		Yungtay Engineering Co Ltd		196
	40,600		Yurtec Corp		299
	10,438	*,†,e	Yuyang DNU Co Ltd		0
	315,946		Zardoya Otis S.A.		2,022
	15,470		Zehnder Group AG.		1,233
	118,663		Zhejiang Chint Electrics Co Ltd		659
	21,292		Zhejiang Dingli Machinery Co Ltd		314
	90,412		Zhejiang Sanhua Intelligent Controls Co Ltd		286
	72,251		Zhejiang Weixing New Building Materials Co Ltd		279
	162,800	e	Zhengzhou Coal Mining Machinery Group Co Ltd		230
	36,485		Zhengzhou Yutong Bus Co Ltd		80
	231,500		Zhuzhou CSR Times Electric Co Ltd		868
	447,839		Zoomlion Heavy Industry Science and Technology Co Ltd		873
	528,938		Zoomlion Heavy Industry Science and Technology Co Ltd		759
	32,506		Zumtobel AG.		299
			TOTAL CAPITAL GOODS		9,453,488
COMMERCIAL & PROFESSIONAL SERVICES - 1.4%
	10,691	*	51job, Inc (ADR)		669
	213,950		ABM Industries, Inc		10,914
	130,931	*	Acacia Research (Acacia Technologies)		871
	140,204		ACCO Brands Corp		1,183
	130,078		Adecco S.A.		8,774

35

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	208,974	e	ADT, Inc	$	1,764
	36,220		Aeon Delight Co Ltd		1,057
	100,730		AF AB		2,982
	264,662		Aggreko plc		3,198
	19,102	*,e	Akerna Corp		94
	13,928	*,e	Akka Technologies S.A.		363
	178,776	g	A-Living Services Co Ltd		796
	497,447		ALS Ltd		3,678
	42,230		Altech Corp		839
	5,887	*	Amadeus Fire AG		862
	36,900	*	Ambipar Participacoes e Empreendimentos S		164
	141,108		Applus Services S.A.		1,465
	67,620	*	ASGN Inc		6,454
	256,370	*	Babcock International Group		808
	10,592		Barrett Business Services, Inc		729
	21,979		BayCurrent Consulting, Inc		5,042
	35,023	g	Befesa S.A.		2,347
	1,364,000	*	Beijing Enterprises Urban Resources Group Ltd		215
	190,277		Beijing Originwater Technology Co Ltd		233
	31,800		Bell System24 Holdings, Inc		545
	362,682		Benefit One, Inc		9,655
	55,547	e	BeNEXT Group Inc		888
	4,879		Bertrandt AG.		266
	18,231	e	BGSF, Inc		255
	311,711	*,g	Biffa plc		1,143
	30,628		Bilfinger Berger AG.		1,121
	329,814	e	Bingo Industries Ltd		760
	276,449		Booz Allen Hamilton Holding Co		22,262
	110,377	e	Boyd Group Services, Inc		18,703
	58,152		Brady Corp (Class A)		3,108
	1,265,466		Brambles Ltd		10,208
	212,892	e,g	Bravida Holding AB		2,933
	67,319	*	BrightView Holdings, Inc		1,136
	72,908		Brink’s Co		5,777
	49,276		Brunel International NV		635
	248,442		Bureau Veritas S.A.		7,070
	35,358	*	CACI International, Inc (Class A)		8,721
	80,318	*	Casella Waste Systems, Inc (Class A)		5,106
	98,113	e	Caverion Corp		595
	71,473	*	CBIZ, Inc		2,334
	61,666	*	Ceco Environmental Corp		489
	5,088		Central Security Patrols Co Ltd		157
	5,500		Cewe Color Holding AG.		777
	1,632,085		China Everbright International Ltd		1,108
	132,847	*,e	Cimpress plc		13,302
	137,673		Cintas Corp		46,989
	781,793	*	Clarivate Analytics plc		20,632
	71,580	*	Clean Harbors, Inc		6,017
	63,000		Cleanaway Co Ltd		382
	4,016,954		Cleanaway Waste Management Ltd		6,744
	84,267		Clipper Logistics plc		688
	1,603		Compx International, Inc		29
	96,889	g	Coor Service Management Holding AB		787
	324,949	*	Copart, Inc		35,293
	186,927	*	CoreCivic, Inc		1,692
	152,635		CoreLogic Inc		12,096

36

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	60,929	*	CoStar Group, Inc	$	50,077
	1,229,400		Country Garden Services Holdings Co Ltd		12,531
	147,935		Covanta Holding Corp		2,050
	23,011		CRA International, Inc		1,718
	1,320,000	*,†,e	CT Environmental Group Ltd		2
	1,210,033		Dai Nippon Printing Co Ltd		25,381
	38,721		Daiseki Co Ltd		1,406
	5,429		Danel Adir Yeoshua Ltd		891
	65,500		Deluxe Corp		2,748
	95,968	*	Derichebourg		785
	36,695		DKSH Holding AG.		2,818
	7,723	*,e	DO & CO AG.		624
	716,825		Downer EDI Ltd		2,805
	200,964	*	Driven Brands Holdings, Inc		5,109
	195,621	*,e	Dun & Bradstreet Holdings, Inc		4,658
	41,498		Duskin Co Ltd		1,046
	333,000		Dynagreen Environmental Protection Group Co Ltd		165
	23,000		ECOVE Environment Corp		180
	197,756		Elis S.A.		3,228
	29,320		en-japan, Inc		909
	40,939		Ennis, Inc		874
	184,369		Equifax, Inc		33,395
	594,000		Ever Sunshine Lifestyle Services Group Ltd		1,502
	968,937		Experian Group Ltd		33,381
	51,174		Exponent, Inc		4,987
	22,411	*	Fila S.p.A		265
	18,174	*	Forrester Research, Inc		772
	42,068	*	Franklin Covey Co		1,190
	443,400		Frontken Corp BHD		546
	48,761	*	FTI Consulting, Inc		6,832
	70,265		Fullcast Co Ltd		1,274
	39,954		Funai Soken Holdings, Inc		777
	1,597,024		G4S plc		5,395
	13,441	*	GDI Integrated Facility Services, Inc		565
	171,372		GFL Environmental, Inc		5,987
	25,895	*	GP Strategies Corp		452
	167,000	*	Grace Technology, Inc		4,375
	612,379		Greentown Service Group Co Ltd		933
	2,662		Groupe CRIT		219
	122,758	*	Harsco Corp		2,105
	1,738,598	*	Hays plc		3,582
	101,689		Healthcare Services Group		2,850
	29,762		Heidrick & Struggles International, Inc		1,063
	24,325	*	Heritage-Crystal Clean, Inc		660
	129,019		Herman Miller, Inc		5,309
	65,635		HNI Corp		2,597
	385,064		HomeServe plc		6,376
	67,345	*	Huron Consulting Group, Inc		3,393
	195,649	*	IAA, Inc		10,788
	58,763		ICF International, Inc		5,136
	604,396		IHS Markit Ltd		58,493
	18,206		Insource Co Ltd		381
	49,848		Insperity, Inc		4,174
	262,203		Interface, Inc		3,272
	190,516		Intertek Group plc		14,711
	94,120	g	Intertrust NV		1,558

37

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	574,640	e	Intrum Justitia AB	$	18,453
	213,325		IPH Ltd		1,077
	105,544		IR Japan Holdings Ltd		12,780
	163,221		ISS AS		3,042
	16,600		JAC Recruitment Co Ltd		263
	287,775		Jacobs Engineering Group, Inc		37,201
	1,752,800		Japan Elevator Service Holdings Co Ltd		37,772
	306,900		JMT Network Services PCL		458
	236,857	*	KAR Auction Services, Inc		3,553
	290,520		KBR, Inc		11,153
	61,312	*	Kelly Services, Inc (Class A)		1,365
	16,671		KEPCO Plant Service & Engineering Co Ltd		465
	168,125		Kforce, Inc		9,012
	114,715		Kimball International, Inc (Class B)		1,606
	117,590		Knoll, Inc		1,941
	16,338		Koentec Co Ltd		129
	84,008		Kokuyo Co Ltd		1,303
	86,774		Korn/Ferry International		5,412
	19,683	g	L&T Technology Services Ltd		717
	185,584		Leidos Holdings, Inc		17,868
	18,289		Link And Motivation, Inc		100
	75,894		Loomis AB		2,306
	13,186		Maharah Human Resources Co		254
	5,000	*,e	Makuake, Inc		318
	112,129		Manpower, Inc		11,090
	48,350		Mantech International Corp (Class A)		4,204
	20,923	*,e	Mastech Holdings, Inc		368
	14,962		Matsuda Sangyo Co Ltd		276
	45,674		Matthews International Corp (Class A)		1,806
	65,176		McMillan Shakespeare Ltd		542
	25,028		Meitec Corp		1,384
	336,921		Michael Page International plc		2,186
	34,328	*	Mistras Group, Inc		392
	1,438,441	*	Mitie Group		1,247
	40,244		Mitsubishi Pencil Co Ltd		583
	28,359	*	Montrose Environmental Group, Inc		1,423
	71,525		Morneau Shepell, Inc		1,884
	32,037		Moshi Moshi Hotline, Inc		415
	52,975	e	MSA Safety, Inc		7,947
	90,582		NICE Information Service Co Ltd		2,034
	10,404		Nichiban Co Ltd		180
	507,642		Nielsen NV		12,767
	765,670		Nihon M&A Center, Inc		20,768
	16,400		Nippon Kanzai Co Ltd		323
	218,111		Nippon Parking Development Co Ltd		302
	5,771	e	NL Industries, Inc		43
	237,848		Nomura Co Ltd		1,972
	63,428		Okamura Corp		746
	116,109		Outsourcing, Inc		1,884
	20,402		Oyo Corp		238
	193,100		Park24 Co Ltd		3,624
	23,800		Pasona Group, Inc		403
	99,326		Persol Holdings Co Ltd		1,952
	29,442		Pilot Corp		941
	221,820		Pitney Bowes, Inc		1,828
	103,427		Prestige International, Inc		770

38

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	4,800	*	Prored Partners Co Ltd	$	135
	513,742	g	Prosegur Cash S.A.		469
	239,238		Prosegur Cia de Seguridad S.A.		760
	58,286		Quad Graphics, Inc		206
	49,629	*,g	Quess Corp Ltd		476
	393,103	*	Raksul, Inc		18,339
	99,759	e	Randstad Holdings NV		7,003
	3,974,674		Recruit Holdings Co Ltd		195,181
	9,159	*,e	Red Violet, Inc		169
	389,875		RELX plc		9,782
	1,747,465		RELX plc (London)		43,828
	27,400	*	Renrui Human Resources Technology Holdings Ltd		95
	1,568,143	*	Rentokil Initial plc		10,470
	282,372		Republic Services, Inc		28,054
	51,790		Resources Connection, Inc		701
	119,656		Restore plc		587
	161,384		Ritchie Bros Auctioneers, Inc		9,449
	158,360	e	Robert Half International, Inc		12,363
	345,813		Rollins, Inc		11,903
	302,100		RWS Holdings plc		2,536
	14,540		S1 Corp (Korea)		1,050
	45,652		Sato Corp		1,192
	82,441		Science Applications International Corp		6,891
	22,073	*	Sdiptech AB		842
	161,306		Secom Co Ltd		13,598
	264,789		Securitas AB (B Shares)		4,503
	1,638,784		Serco Group plc		3,105
	122,207		SG Fleet Group Ltd		240
	5,120		SGS S.A.		14,548
	19,735		Shanghai M&G Stationery, Inc		258
	100,500	*,†	Shanghai Youngsun Investment Co Ltd		1
	154,600		Shenzhen Dongjiang Environmental Co Ltd		106
	110,802		Smart Metering Systems plc		1,268
	116,661		SmartGroup Corp Ltd		563
	312,487		SMS Co Ltd		9,568
	25,156		Societe BIC S.A.		1,473
	37,490		Sohgo Security Services Co Ltd		1,774
	58,017	*	SP Plus Corp		1,902
	120,572		SPIE S.A.		2,884
	56,732		S-Pool, Inc		585
	49,743		Sporton International, Inc		429
	116,811		Stantec, Inc		5,001
	140,383		Steelcase, Inc (Class A)		2,020
	306,420	*,e	Stericycle, Inc		20,686
	51,000		Sunny Friend Environmental Technology Co Ltd		407
	6,723	*	Synergie S.A		255
	315,660		Taiwan Secom Co Ltd		1,035
	191,340		Taiwan-Sogo Shinkong Security Corp		256
	41,000		Tanseisha Co Ltd		328
	49,659	*	Team, Inc		573
	8,212	*	TeamLease Services Ltd		424
	181,618		TechnoPro Holdings, Inc		15,197
	111,887		Teleperformance		40,794
	55,715		Tetra Tech, Inc		7,562
	177,291	e	Thomson Reuters Corp		15,531
	371,000		Times Neighborhood Holdings Ltd		281

39

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	34,513	*	Tinexta S.p.A	$	915
	113,631	e	Tomra Systems ASA		4,932
	52,206		Toppan Forms Co Ltd		528
	151,017		Toppan Printing Co Ltd		2,560
	75,945	e	Transcontinental, Inc		1,337
	292,321		TransUnion		26,309
	108,938	*	TriNet Group, Inc		8,493
	51,141	*	TrueBlue, Inc		1,126
	58,200		Uchida Yoko Co Ltd		2,598
	23,129		Unifirst Corp		5,174
	469,012	*	Upwork, Inc		20,998
	48,601	*	US Ecology, Inc		2,024
	27,099		UT Group Co Ltd		894
	548,488	*	Vamos Locacao de Caminhoes Maquinas e Equipamentos S.A.		3,411
	271,355		Verisk Analytics, Inc		47,946
	33,325	*	Viad Corp		1,391
	29,576	*	Vidler Water Resouces, Inc		263
	16,630		VSE Corp		657
	363,241		Waste Connections, Inc		39,223
	1,256,876		Waste Management, Inc		162,162
	12,100	e	WDB Holdings Co Ltd		284
	5,500		Weathernews, Inc		262
	10,168	*,e	Willdan Group, Inc		417
	279,094		Wolters Kluwer NV		24,241
	8,700		World Holdings Co Ltd		226
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		1,798,281
CONSUMER DURABLES & APPAREL - 2.2%
	651,000		361 Degrees International Ltd		186
	18,348		Accell Group		846
	47,850		Acushnet Holdings Corp		1,978
	258,352		Adidas-Salomon AG.		80,707
	233,087	*	Aditya Birla Fashion and Retail Ltd		644
	115,051		Aksa Akrilik Kimya Sanayii		226
	107,270	*	Alpargatas S.A.		702
	12,381	*	Amber Enterprises India Ltd		563
	118,203	*	American Outdoor Brands, Inc		2,979
	617,157	*	AmTRAN Technology Co Ltd		397
	947,755		Anta Sports Products Ltd		15,545
	34,569		Arezzo Industria e Comercio S.A.		432
	156,373		Asics Corp		2,501
	34,495	*	Bajaj Electricals Ltd		462
	51,836		Bandai Namco Holdings Inc		3,706
	253,262		Barratt Developments plc		2,605
	43,820		Bata India Ltd		845
	46,886	*	Beazer Homes USA, Inc		981
	126,410		Bellway plc		5,929
	42,179	*	Beneteau S.A.		591
	8,537		Berkeley Group Holdings plc		523
	77,161		Bonava AB		895
	537,000	*,†,e	Boshiwa International Holding Ltd		1
	1,434,472		Bosideng International Holdings Ltd		648
	227,688		Bovis Homes Group plc		3,419
	96,454		Breville Group Ltd		1,986
	45,877		BRP, Inc (Toronto)		3,978

40

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	34,635	e	Brunello Cucinelli S.p.A	$	1,490
	766,978		Brunswick Corp		73,147
	106,065	*	Burberry Group plc		2,775
	9,972,579	h	Cairn Homes plc		12,487
	5,201,490	h	Cairn Homes plc (London)		6,346
	560,354		Callaway Golf Co		14,989
	61,674	*,e	Canada Goose Holdings, Inc		2,421
	706,663	*,e	Capri Holdings Ltd		36,040
	7,841	*	Carter’s, Inc		697
	86,649	*,e	Casio Computer Co Ltd		1,637
	34,974	*	Casper Sleep, Inc		253
	20,207	*	Cavco Industries, Inc		4,559
	29,351	*	CCC S.A.		678
	45,161	*	Century Communities, Inc		2,724
	14,639		Chargeurs S.A.		397
	2,336,400		China Dongxiang Group Co		272
	349,698		China Lilang Ltd		228
	15,900		Chofu Seisakusho Co Ltd		313
	271,357		Chow Sang Sang Holding		420
	108,251		Cia Hering		309
	584,479		Cie Financiere Richemont S.A.		56,124
	1,506,000	*	Citychamp Watch & Jewellery Group Ltd		325
	104,135		Clarus Corp		1,775
	1,559,078		Coats Group plc		1,223
	5,318	e	Columbia Sportswear Co		562
	55,797		Construtora Tenda S.A.		258
	654,000	*,e,g	Cosmo Lady China Holdings Co Ltd		103
	541,487	*,g	Countryside Properties plc		3,786
	18,967		Coway Co Ltd		1,102
	22,366		COWELL FASHION Co Ltd		123
	253,274	*	Crest Nicholson Holdings plc		1,422
	242,245	*	CROCS, Inc		19,489
	411,263		Crompton Greaves Consumer Electricals Ltd		2,211
	656,375	g	Crystal International Group Ltd		337
	4,200		Cuckoo Electronics Co Ltd		474
	232,117		Cyrela Brazil Realty S.A.		1,017
	37,819	*	Deckers Outdoor Corp		12,496
	164,575		De’Longhi S.p.A.		6,647
	10,188	*	Delta-Galil Industries Ltd		252
	34,602	*	Descente Ltd		590
	22,270	*	Dixon Technologies India Ltd		1,121
	450,992		DR Horton, Inc		40,192
	348,216	*	Dr. Martens PLC		2,176
	37,463		Duni AB		450
	48,000		Dyaco International, Inc		201
	71,869		Eclat Textile Co Ltd		1,211
	13,100	*	Ecovacs Robotics Co Ltd		274
	10,588		Electra Consumer Products 1970 Ltd		458
	315,564	e	Electrolux AB (Series B)		8,773
	15,422	e	Escalade, Inc		322
	43,157		ES-Con Japan Ltd		307
	926,513		Essilor International S.A.		150,935
	34,596		Ethan Allen Interiors, Inc		955
	88,967		Even Construtora e Incorporadora S.A.		163
	81,598		Ez Tec Empreendimentos e Participacoes S.A.		465
	5,269		F&F Co Ltd		595

41

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	1,389,889		Feng TAY Enterprise Co Ltd	$	9,524
	24,654	*,†	FF Group		0	^
	19,162		Fila Korea Ltd		735
	1,093		Forbo Holding AG.		1,984
	566,000		Formosa Taffeta Co Ltd		612
	75,570	*	Forus S.A.		150
	68,819	*	Fossil Group, Inc		853
	88,286		Foster Electric Co Ltd		1,045
	25,908		France Bed Holdings Co Ltd		227
	339,999	*,†,e	Fuguiniao Co Ltd		0	^
	10,500		Fujibo Holdings Inc		380
	60,621		Fujitsu General Ltd		1,693
	84,032		Fulgent Sun International Holding Co Ltd		338
	64,568		Fusheng Precision Co Ltd		514
	57,329		Games Workshop Group plc		7,876
	119,011	e	Garmin Ltd		15,692
	7,408	*	Garware Technical Fibres Ltd		261
	261,856		Giant Manufacturing Co Ltd		3,165
	67,026	*	G-III Apparel Group Ltd		2,020
	181,163	*	Gildan Activewear, Inc		5,544
	1,940,195	*,g	Glenveagh Properties plc		2,061
	3,460,973	*,g	Glenveagh Properties plc (London)		3,664
	19,147		Goldwin, Inc		1,229
	102,206	*,e	GoPro, Inc		1,190
	680,829		Gree Electric Appliances, Inc of Zhuhai		6,532
	42,753	*	Green Brick Partners, Inc		970
	231,131		Grendene S.A.		324
	143,700	*	GRUPO DE MODA SOMA S.A.		375
	15,601		Guangdong Xinbao Electrical Appliances Holdings Co Ltd		84
	72,810		Guararapes Confeccoes S.A.		177
	13,218		Gunze Ltd		497
	1,797,601	*	Haier Smart Home Co Ltd		7,243
	144,907		Haier Smart Home Co Ltd		691
	10,814		Hamilton Beach Brands Holding Co		196
	10,008		Handsome Co Ltd		360
	139,948		Hanesbrands, Inc		2,753
	402,486		Hangzhou Robam Appliances Co Ltd		2,247
	13,440		Hansae Co Ltd		239
	10,329		Hanssem Co Ltd		1,069
	172,746		Hasbro, Inc		16,604
	280,372		Haseko Corp		3,922
	51,489		Heiwa Corp		841
	24,516	*	Helen of Troy Ltd		5,165
	20,054		Hermes International		22,180
	5,461	*	Hitachi Home & Life Solutions India Ltd		198
	76,901	*	HLB, Inc		2,682
	19,419	e	Hooker Furniture Corp		708
	466,000	*,†	HOSA International Ltd		1
	28,091		HS Industries Co Ltd		194
	61,319		Hugo Boss AG.		2,409
	632,825		Husqvarna AB (B Shares)		9,123
	13,280		Hwaseung Enterprise Co Ltd		216
	2,140		Hyosung TNC Co Ltd		1,091
	71,155		IG Design Group plc		579
	224,450		Iida Group Holdings Co Ltd		5,439

42

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	38,787		Installed Building Products, Inc	$	4,301
	34,950	*,e	iRobot Corp		4,270
	49,310		Japan Wool Textile Co Ltd		460
	15,319		Jason Furniture Hangzhou Co Ltd		189
	56,897	e	JM AB		1,925
	134,994		JNBY Design Ltd		241
	66,000		Johnson Health Tech Co Ltd		200
	29,369		Johnson Outdoors, Inc		4,192
	18,757		Joyoung Co Ltd		88
	19,107		Kaufman & Broad S.A.		825
	128,881		KB Home		5,997
	874,244		Kinpo Electronics		403
	466,956		KMC Kuei Meng International In		3,451
	403,200		Konka Group Co Ltd		131
	80,612		Kontoor Brands, Inc		3,912
	13,258		KPR Mill Ltd		194
	14,500		Kurabo Industries Ltd		251
	13,233	*,e	Lakeland Industries, Inc		369
	68,183		La-Z-Boy, Inc		2,896
	483,776	*	Lealea Enterprise Co Ltd		201
	72,700	e	LEC, Inc		831
	9,194	*	Legacy Housing Corp		163
	188,090	e	Leggett & Platt, Inc		8,586
	367,155		Lennar Corp (Class A)		37,167
	19,715		Lennar Corp (Class B)		1,623
	650,027		Levi Strauss & Co		15,542
	13,643		LF Corp		198
	41,722		LG Electronics, Inc		5,570
	16,691	*	LGI Homes, Inc		2,492
	1,729,621		Li Ning Co Ltd		11,315
	18,550	e	Lifetime Brands, Inc		272
	93,008	*	Lock & Lock Co Ltd		1,216
	8,346	*,e	Lovesac Co		472
	484	*	LPP S.A.		994
	239,024	*	Lululemon Athletica, Inc		73,311
	152,978		Luthai Textile Co Ltd		80
	282,483		LVMH Moet Hennessy Louis Vuitton S.A.		188,685
	43,569	*	M/I Homes, Inc		2,574
	173,224		Makalot Industrial Co Ltd		1,496
	52,577	*	Malibu Boats, Inc		4,189
	2,233,384		Man Wah Holdings Ltd		4,645
	6,442	*,†	Mariella Burani S.p.A.		0
	7,534		Marine Products Corp		123
	14,226		Mars Engineering Corp		212
	39,011	*	MasterCraft Boat Holdings, Inc		1,037
	1,716,391	*,e	Mattel, Inc		34,191
	28,535	*,g	Mavi Giyim Sanayi Ve Ticaret AS.		160
	135,520		Maytronics Ltd		2,465
	88,310		MDC Holdings, Inc		5,246
	362,000		Merida Industry Co Ltd		4,442
	55,976	*	Meritage Homes Corp		5,145
	81,100		Midea Group Co Ltd		1,022
	171,615		MIPS AB		12,292
	19,400		Mizuno Corp		382
	82,843	*	Mohawk Industries, Inc		15,932
	812,044	e	Moncler S.p.A		46,505

43

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	23,634		Movado Group, Inc	$	672
	239,514		MRV Engenharia e Participacoes S.A.		774
	22,781	*	Nacon S.A.		195
	31,000		Nan Liu Enterprise Co Ltd		196
	211,615	*,e	Nautilus, Inc		3,310
	30,167		NavInfo Co Ltd		67
	50,833	g	Neinor Homes S.A.		627
	5,693,622		Newell Brands Inc		152,475
	62,448		Nien Made Enterprise Co Ltd		873
	2,806,694		Nike, Inc (Class B)		372,982
	597,900		Nikon Corp		5,617
	113,286		Nobia AB		864
	19,819	*	NVR, Inc		93,366
	967,079		Onward Kashiyama Co Ltd		2,730
	63,502		Open House Co Ltd		2,716
	10,432		Oppein Home Group, Inc		251
	86,384		Orient Electric Ltd		369
	24,721		Oxford Industries, Inc		2,161
	1,060,778		Pacific Textile Holdings Ltd		680
	2,132		Page Industries Ltd		886
	97,456		Paiho Shih Holdings Corp		99
	1,203,668		Panasonic Corp		15,587
	6,822		Pandora AS		730
	402,000	*,†	Peace Mark Holdings Ltd		0
	552,936	*	Peloton Interactive, Inc		62,172
	130,240		Persimmon plc		5,275
	20,656	*	PIK Group (GDR)		251
	82,770	e	Polaris Inc		11,050
	965,006		Pou Chen Corp		1,120
	8,422,509		Prada S.p.A		52,683
	29,123		Pressance Corp		446
	468,538		Pulte Homes, Inc		24,570
	168,750		Puma AG. Rudolf Dassler Sport		16,545
	64,897	*	Purple Innovation, Inc		2,054
	43,180	*	PVH Corp		4,564
	314,000		Q Technology Group Co Ltd		644
	275,000		Quang Viet Enterprise Co Ltd		1,159
	86,803		Rajesh Exports Ltd		569
	9,744	*	Ralph Lauren Corp		1,200
	290,407		Redrow plc		2,514
	38,123	*	Relaxo Footwears Ltd		458
	51,182		Rinnai Corp		5,741
	10,828		Rocky Brands, Inc		585
	595,098	*	Roo Hsing Co Ltd		218
	256,000		Ruentex Industries Ltd		717
	52,385	e	Salvatore Ferragamo Italia S.p.A		1,004
	1,604,100	*,g	Samsonite International		3,120
	52,124		Sangetsu Co Ltd		792
	153,100		Sankyo Co Ltd		4,060
	15,612	*	Sanlorenzo S.p.A		396
	22,799		SEB S.A.		4,016
	76,734		Sega Sammy Holdings, Inc		1,199
	27,900		Seiko Holdings Corp		474
	38,193		Seiren Co Ltd		673
	158,362		Sekisui Chemical Co Ltd		3,049
	337,745		Sekisui House Ltd		7,265

44

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	95,993	e	Sharp Corp	$	1,662
	99,045	*	Shenzhen MTC Co Ltd		81
	757,538		Shenzhou International Group Holdings Ltd		15,845
	83,845		Shimano, Inc		20,026
	23,505	*,e	Skechers U.S.A., Inc (Class A)		980
	164,353	*	Skyline Champion Corp		7,439
	1,167,900	*	Skyworth Digital Holdings Ltd		400
	159,827		Smith & Wesson Brands, Inc		2,789
	541,214	*	Sonos, Inc		20,279
	2,458,717		Sony Corp		260,214
	614,276	*,g	Spin Master Corp		17,152
	2,954,572	*,e	Steinhoff International Holdings NV		467
	418,000		Stella International Holdings Ltd		529
	238,159		Steven Madden Ltd		8,874
	51,605		Sturm Ruger & Co, Inc		3,410
	270,007		Sumitomo Forestry Co Ltd		5,849
	5,833		Suofeiya Home Collection Co Ltd		29
	16,961	e	Superior Uniform Group, Inc		431
	9,102		Swatch Group AG.		2,621
	2,182		Swatch Group AG. (Registered)		122
	12,195		Symphony Ltd		211
	804,602		Tainan Spinning Co Ltd		543
	597,600		Taiwan Paiho Ltd		1,707
	14,700		Tama Home Co Ltd		292
	56,500	*	Tamron Co Ltd		1,103
	143,798	*	Tapestry, Inc		5,926
	390,561	*	Taylor Morrison Home Corp		12,033
	3,051,421		Taylor Wimpey plc		7,587
	1,856,973		TCL Multimedia Technology Holdings Ltd		1,441
	316,345		TCL Technology Group Corp		454
	129,881	*,g	Technogym S.p.A		1,508
	812,240		Tempur Sealy International, Inc		29,695
	208,000		Texhong Textile Group Ltd		302
	130,832	g	Thule Group AB		5,688
	284,005		Titan Industries Ltd		6,072
	11,155	e	Tod’s S.p.A.		364
	6,490		Token Corp		634
	161,539	e	Toll Brothers, Inc		9,164
	70,046	*	TomTom NV		646
	87,301		Tomy Co Ltd		795
	47,564	*	TopBuild Corp		9,961
	49,000		Topkey Corp		307
	202,217	*	TRI Pointe Homes, Inc		4,117
	70,253		Trisul S.A.		123
	3,266		TTK Prestige Ltd		324
	78,957	*	Tupperware Brands Corp		2,085
	100,752	*,e	Turtle Beach Corp		2,687
	36,735	*	Under Armour, Inc (Class A)		814
	1,641,266	*,e	Under Armour, Inc (Class C)		30,298
	22,992	*	Unifi, Inc		634
	30,284	*	Universal Electronics, Inc		1,665
	22,843	*	Universal Entertainment Corp		558
	7,551		Vaibhav Global Ltd		397
	4,921		VAN DE Velde		145
	17,076	*	Vardhman Textiles Ltd		304
	34,715	*	Vera Bradley, Inc		351

45

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	51,673	*	Vestel Elektronik Sanayi	$	235
	360,949		VF Corp		28,847
	81,207	*,e	Victoria plc		936
	41,288	*	VIP Industries Ltd		201
	177,717	*	Vista Outdoor, Inc		5,699
	71,296		Vivara Participacoes S.A.		312
	30,564	*	VOXX International Corp (Class A)		583
	914	*	V-ZUG Holding AG.		108
	39,013		Wacoal Holdings Corp		867
	323,000		Weiqiao Textile Co		86
	249,275	*	Welspun India Ltd		276
	859,390		Whirlpool Corp		189,367
	6,798		Winix, Inc		138
	127,961		Wolverine World Wide, Inc		4,903
	5,451		Xiamen Intretech, Inc		54
	1,014,383		XTEP International Holdings		596
	60,004		Yamaha Corp		3,270
	456,376	*	YETI Holdings, Inc		32,955
	14,400	e	Yondoshi Holdings, Inc		251
	58,100	e	Yonex Co Ltd		331
	16,799		Youngone Corp		596
	3,802		Youngone Holdings Co Ltd		146
	816,500		Yue Yuen Industrial Holdings		2,042
	35,712		Zhejiang Semir Garment Co Ltd		55
	4,513		Zhejiang Supor Co Ltd		49
	7,044		Zinus, Inc		495
	36,700		Zojirushi Corp		642
			TOTAL CONSUMER DURABLES & APPAREL		2,959,292
CONSUMER SERVICES - 2.7%
	869,039		888 Holdings plc		4,729
	81,456	g	AcadeMedia AB		762
	37,300	*	Accel Entertainment, Inc		408
	565,425		Accor S.A.		21,303
	187,698	*	Adtalem Global Education, Inc		7,422
	8,072		Aeon Fantasy Co Ltd		178
	135,531	*	Afya Ltd		2,520
	75,053	*,e	Airbnb, Inc		14,105
	2,033,638	*,e	Alsea SAB de C.V.		3,013
	23,480	*	American Public Education, Inc		837
	58,276	*	AmRest Holdings SE		472
	236,549	*	Anima Holding S.A.		420
	319,516		ARAMARK Holdings Corp		12,071
	17,060		ARCLAND SERVICE Co Ltd		337
	200,740	*,e	Arco Platform Ltd		5,087
	8,907,110	a,e	Arcos Dorados Holdings, Inc		45,337
	481,019		Aristocrat Leisure Ltd		12,620
	22,303	*,e	Aspen Group, Inc		134
	6,407,168		Asset World Corp PCL		1,049
	113,600	e	Atom Corp		786
	135,717	*,e	Autogrill S.p.A.		1,123
	96,935	*	Bally’s Corp		6,299
	43,158	*,g	Basic-Fit NV		1,659
	71,800		Benesse Holdings, Inc		1,512
	615,861		Berjaya Sports Toto BHD		313
	7,283		bet-at-home.com AG.		391

46

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	254,206		Betsson AB	$	2,358
	25,110	*,e	Better Collective A.S.		614
	56	*	Biglari Holdings, Inc (A Shares)		38
	1,610	*	Biglari Holdings, Inc (B Shares)		214
	33,933	*	BJ’s Restaurants, Inc		1,971
	166,590	*	BK Brasil Operacao e Assessoria a Restaurantes S.A.		286
	3,068,500	*	Bloomberry Resorts Corp		441
	137,440	*	Bloomin’ Brands, Inc		3,718
	5,279	e	Bluegreen Vacations Corp		57
	38,780	*	Bluegreen Vacations Holding Corp		719
	132,910	*	Booking Holdings, Inc		309,659
	202,046	*	Boyd Gaming Corp		11,913
	93,395	*	Bright Horizons Family Solutions		16,013
	17,327		Bright Scholar Education Holdings Ltd (ADR)		100
	50,241	*	Brinker International, Inc		3,570
	10,300		BRONCO BILLY Co Ltd		221
	389,000	*	CA Cultural Technology Group Ltd		137
	527,596	*	Caesars Entertainment, Inc		46,138
	316,000		Cafe de Coral Holdings Ltd		687
	200,815		Cairo Investment & Real Estate Development Co SAE		168
	2,428,992	*	Carnival Corp		64,465
	205,285	*	Carnival plc		4,529
	25,951		Carriage Services, Inc		913
	61,879	*	Carrols Restaurant Group, Inc		370
	406,268		Central Plaza Hotel PCL		476
	46,923	*	Century Casinos, Inc		482
	64,698	*,e	Cheesecake Factory		3,785
	211,684	*	Chegg, Inc		18,133
	313,271		China Beststudy Education Group		112
	208,360	g	China East Education Holdings Ltd		455
	338,303		China Education Group Holdings Ltd		604
	474,000		China Kepei Education Group Ltd		329
	1,116,000	*,e	China Maple Leaf Educational Systems Ltd		293
	641,000	g	China New Higher Education Group Ltd		358
	22,700	*,e	China Online Education Group (ADR)		462
	1,812,000	*	China Travel International Inv HK		308
	428,000	g	China Xinhua Education Group Ltd		128
	520,656	g	China Yuhua Education Corp Ltd		409
	100,418	*	Chipotle Mexican Grill, Inc (Class A)		142,676
	48,806	*	Choice Hotels International, Inc		5,236
	84,785	e	Churchill Downs, Inc		19,282
	28,846	*,e	Chuy’s Holdings, Inc		1,278
	11,606	*	Cie des Alpes		298
	1,430,300	*	Cogna Educacao		1,011
	99,526		Collins Foods Ltd		791
	59,400	e	Colowide Co Ltd		1,021
	1,650,812	*	Compass Group plc		33,353
	108,730	*,e	Corporate Travel Management Ltd		1,628
	36,319		Cracker Barrel Old Country Store, Inc		6,279
	88,600	*,e	Create Restaurants Holdings, Inc		693
	311,710	*	Crown Resorts Ltd		2,794
	46,800		Curves Holdings Co Ltd		427
	123,866	*	CVC Brasil Operadora e Agencia de Viagens S.A.		434
	195,429		Dadi Early-Childhood Education Group Ltd		1,216
	223,546		Dalata Hotel Group plc		1,108
	572,826		Darden Restaurants, Inc		81,341

47

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	57,466	*	Dave & Buster’s Entertainment, Inc	$	2,753
	46,865		Del Taco Restaurants, Inc		449
	61,464	*	Denny’s Corp		1,113
	23,663	*	Dine Brands Global Inc.		2,130
	61,582		Domino’s Pizza Enterprises Ltd		4,520
	441,848	*	Domino’s Pizza Group plc		2,114
	14,454		Domino’s Pizza, Inc		5,316
	6,751		DoubleUGames Co Ltd		409
	32,318		Doutor Nichires Holdings Co Ltd		503
	238	*	DraftKings, Inc		15
	34,768		Dur Hospitality Co		289
	234,000		Edvantage Group Holdings Ltd		228
	124,356	*	EIH Ltd		159
	27,217	*	El Pollo Loco Holdings, Inc		439
	86,374	e,g	Elior Participations S.C.A		640
	38,195	*	Emerson Pacific, Inc		250
	493,580	*	Entain PLC		10,322
	351,119	*	Everi Holdings, Inc		4,954
	208,905	e,g	Evolution Gaming Group AB		30,764
	306,718		Extended Stay America, Inc		6,058
	18,372	*	Fattal Holdings 1998 Ltd		1,986
	31,058	*	Fiesta Restaurant Group, Inc		391
	146,526	*,e	Flight Centre Travel Group Ltd		2,014
	396,771	*	Flutter Entertainment plc		84,770
	137,462	*	Flutter Entertainment PLC		29,487
	42,990		Formosa International Hotels Corp		235
	162,990	*	frontdoor, Inc		8,761
	701,000		Fu Shou Yuan International Group Ltd		721
	23,399		Fuji Kyuko Co Ltd		1,244
	18,000	e	Fujio Food System Co Ltd		222
	943,826	*	G8 Education Ltd		745
	8,232,846	*	Galaxy Entertainment Group Ltd		74,428
	75,908		Gamesys Group PLC		2,022
	26,894	*	GAN Ltd		489
	893,597		Genting BHD		1,085
	3,464,281		Genting Malaysia Bhd		2,566
	2,715,070		Genting Singapore Ltd		1,860
	27,767	*	Golden Entertainment, Inc		701
	67,739		Gourmet Master Co Ltd		416
	5,442		Graham Holdings Co		3,061
	65,046	*	Grand Canyon Education, Inc		6,966
	25,894	*	Grand Korea Leisure Co Ltd		383
	55,394	*	Great Canadian Gaming Corp		1,907
	9,928	*,e	GreenTree Hospitality Group Ltd		131
	102,385		Greggs plc		3,169
	30,478	*,e	GSX Techedu, Inc (ADR)		1,033
	421,260		H&R Block, Inc		9,183
	885,776	e,g	Haidilao International Holding Ltd		6,075
	6,885	*	Hana Tour Service, Inc		414
	16,931		Herfy Food Services Co		295
	26,437	e	Hiday Hidaka Corp		430
	237,692	*	Hilton Grand Vacations, Inc		8,911
	1,030,760	*	Hilton Worldwide Holdings, Inc		124,640
	36,628	e	HIS Co Ltd		736
	476,500		Hongkong & Shanghai Hotels		475
	1,724,000	g	Hope Education Group Co Ltd		578

48

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	684,889	*	Houghton Mifflin Harcourt Co	$	5,219
	179,975		Huangshan Tourism Development Co Ltd		135
	1,082,203	*	Huazhu Group Ltd (ADR)		59,413
	69,592		Humansoft Holding Co KSC		852
	49,579	*	Hyatt Hotels Corp		4,100
	15,500		Ichibanya Co Ltd		676
	1,640,278		IDP Education Ltd		29,846
	540,803		Indian Hotels Co Ltd		824
	146,615		InterContinental Hotels Group plc		10,083
	546,992	*,e	International Game Technology plc		8,779
	141,837	e	Invocare Ltd		1,211
	69,387		Jack in the Box, Inc		7,617
	19,500		Japan Best Rescue System Co Ltd		149
	593,000	*,g	Jiumaojiu International Holdings Ltd		2,377
	172,883		Jollibee Foods Corp		631
	65,323	*	Jubilant Foodworks Ltd		2,609
	429,210	e	Jumbo Interactive Ltd		4,148
	68,324	*	Kambi Group plc		3,629
	40,522	*	Kangwon Land, Inc		910
	28,170	*,e	Kappa Create Co Ltd		377
	15,600		Kentucky Fried Chicken Japan Ltd		419
	282,668		Kindred Group plc (ADR)		4,967
	23,600	e	Kisoji Co Ltd		499
	44,700	*	KOMEDA Holdings Co Ltd		815
	214,572	*,e,g	Koolearn Technology Holding Ltd		490
	47,616	e	Koshidaka Holdings Co Ltd		257
	10,102	e	Kura Corp		681
	2,787	*,e	Kura Sushi USA, Inc		88
	29,283	*,e	Kyoritsu Maintenance Co Ltd		973
	72,430	g	La Francaise des Jeux SAEM		3,291
	2,038,964	*	Las Vegas Sands Corp		123,887
	166,858	*	Laureate Education, Inc		2,268
	15,932	*	Leejam Sports Co JSC		308
	438,886	g	LeoVegas AB		2,574
	19,041	*,e	Lindblad Expeditions Holdings, Inc		360
	10,100	e	Litalico, Inc		379
	23,987	*	Lotte Tour Development Co Ltd		398
	100,000		Lung Yen Life Service Corp		182
	1,272,000	*	Macau Legend Development Ltd		187
	611,507		Magnum BHD		324
	381,045	*	Marriott International, Inc (Class A)		56,437
	60,100	*	Marriott Vacations Worldwide Corp		10,468
	636,036	*	Marston’s plc		862
	9,800	e	Matsuya Foods Co Ltd		310
	2,394,058		McDonald’s Corp		536,604
	34,799		McDonald’s Holdings Co Japan Ltd		1,604
	5,649		MegaStudyEdu Co Ltd		296
	3,922,421	*	Melco Crown Entertainment Ltd (ADR)		78,095
	5,498,817		Melco International Development		11,225
	119,691	*	Melia Hotels International S.A.		894
	764,400	*	MGM China Holdings Ltd		1,359
	639,454		MGM Resorts International		24,293
	1,177,000		Minor International PCL (Foreign)		1,228
	654,000	g	Minsheng Education Group Co Ltd		119
	253,396	*	Mitchells & Butlers plc		1,126
	206,600		MK Restaurants Group PCL		367

49

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	11,774	*	Monarch Casino & Resort, Inc	$	714
	9,934		Monogatari Corp		647
	21,900	e	MOS Food Services, Inc		644
	20,551	*	MTY Food Group, Inc		943
	3,785		Nathan’s Famous, Inc		239
	4,638	*	NEOGAMES S.A.		166
	1,323,469	*	New Oriental Education & Technology Group (ADR)		18,529
	102,716	*	Noodles & Co		1,063
	511,987	*,e	Norwegian Cruise Line Holdings Ltd		14,126
	32,419		Offcn Education Technology Co Ltd		140
	13,800		Ohsho Food Service Corp		726
	47,711	*,e	OneSmart International Education Group Ltd (ADR)		111
	71,594	*,e	OneSpaWorld Holdings Ltd		762
	75,023		OPAP S.A.		1,014
	179,198		Oriental Land Co Ltd		26,966
	94,553	e	Pandox AB		1,602
	76,721		Papa John’s International, Inc		6,801
	34,489	*	Paradise Co Ltd		510
	277,450	e	Park Lawn Corp		7,268
	38,470	*,†	Patisserie Holdings plc		1
	244,614	*	Penn National Gaming, Inc		25,645
	370,234	*	Perdoceo Education Corp		4,428
	4,393	*,e	PIA Corp		122
	125,757	*	Planet Fitness, Inc		9,721
	178,014	*	PlayAGS, Inc		1,438
	309,027		Playtech Ltd		1,883
	23,205	*	Plenus Co Ltd		397
	1,234,278	*	PointsBet Holdings Ltd		11,703
	25,350		Power Wind Health Industry, Inc		147
	30,000	*,e	Puxin Ltd (ADR)		120
	13,247	e	RCI Hospitality Holdings, Inc		842
	17,382	*	Recipe Unlimited Corp		281
	22,334	*	Red Robin Gourmet Burgers, Inc		891
	448,596	*	Red Rock Resorts, Inc		14,620
	33,333	*,e	Regis Corp		419
	88,100		Resorttrust, Inc		1,476
	263,663		Restaurant Brands International, Inc (Toronto)		17,147
	36,951	*	Restaurant Brands New Zealand Ltd		343
	782,428	*	Restaurant Group plc		1,321
	22,000	*,e	Ringer Hut Co Ltd		453
	120,000		Riso Kyoiku Co Ltd		368
	70,561	e	Round One Corp		795
	308,484	*	Royal Caribbean Cruises Ltd		26,409
	29,200	*,e	Royal Holdings Co Ltd		529
	25,935	*	Ruth’s Hospitality Group Inc		644
	30,300		Saizeriya Co Ltd		623
	2,064,292	*	Sands China Ltd		10,346
	11,988	*	Saudi Airlines Catering Co		243
	102,644	e,g	Scandic Hotels Group AB		423
	99,000	e	Scholar Education Group		102
	144,022	*	Scientific Games Corp (Class A)		5,548
	117,196		SeaLink Travel Group Ltd		817
	178,076	*	SeaWorld Entertainment, Inc		8,845
	114,709	*	Seera Group Holding		577
	51,209	g	Ser Educacional S.A.		112
	236,182		Service Corp International		12,057

50

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	10,800	*	SFP Holdings Co Ltd	$	138
	31,522	*	Shake Shack, Inc		3,555
	12,939		Shanghai Jinjiang International Hotels Development Co Ltd		110
	1,076,000		Shanghai Jinjiang International Hotels Group Co Ltd		209
	1,166,000	*	Shangri-La Asia Ltd		1,166
	177,972		Shenzhen Overseas Chinese Town Co Ltd		277
	182,200	*,e	Silver Life Co Ltd		3,508
	414,591	*	Six Flags Entertainment Corp		19,266
	9,624,611		SJM Holdings Ltd		12,630
	45,060	*	SkiStar AB		617
	753,502	*	Sky City Entertainment Group Ltd		1,834
	204,582	e	Skylark Co Ltd		3,067
	74,391	*	Sodexho Alliance S.A.		7,127
	56,514		Songcheng Performance Development Co Ltd		185
	558,310	*	SSP Group plc		2,865
	16,500		St Marc Holdings Co Ltd		257
	883,331	*	Star Entertainment Grp Ltd		2,557
	1,253,338		Starbucks Corp		136,952
	58,747		Strategic Education, Inc		5,399
	62,333	*	Stride, Inc		1,877
	9,900		Studio Alice Co Ltd		188
	22,828,000	*,e	Summit Ascent Holdings Ltd		2,535
	1,880,000	*,e	Suncity Group Holdings Ltd		143
	4,400	*	SuRaLa Net Co Ltd		154
	2,437,800	*	Surya Permata Andalan Tbk PT		91
	106,793		Sushiro Global Holdings Ltd		4,735
	2,904,694		Tabcorp Holdings Ltd		10,378
	328,839	*	TAL Education Group (ADR)		17,708
	19,575	*,e	Target Hospitality Corp		49
	247,440	*,e	Terminix Global Holdings, Inc		11,795
	110,862	*	Texas Roadhouse, Inc (Class A)		10,636
	875,000		Tianli Education International Holdings Ltd		855
	12,471	*,e	TKP Corp		291
	15,985		Tokyotokeiba Co Ltd		809
	38,359	e	Toridoll.corp		576
	14,584	e	Tosho Co Ltd		247
	823,185		Travel & Leisure Co		50,346
	792,835	*,e	TUI AG. (DI)		4,006
	25,070	*,e	Universal Technical Institute, Inc		146
	59,323	*	Vail Resorts, Inc		17,302
	171,257	*	Vivint Smart Home, Inc		2,452
	23,792	*,e	Watami Co Ltd		216
	75,604	e	Wendy’s		1,532
	41,279	*	Westlife Development Ltd		261
	86,386	*	Wetherspoon (J.D.) plc		1,617
	170,676	*	Whitbread plc		8,057
	1,004,419		William Hill plc		3,766
	81,734		Wingstop, Inc		10,394
	516,000		Wisdom Education International Holdings Co Ltd		230
	134,865	*	WW International Inc		4,219
	591,098	e	Wyndham Hotels & Resorts, Inc		41,247
	29,554,673	*	Wynn Macau Ltd		57,499
	1,149,874	*	Wynn Resorts Ltd		144,160
	278,500	e,g	Xiabuxiabu Catering Management China Holdings Co Ltd		566

51

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	546,561		YDUQS Part	$	2,594
	63,919	e	Yoshinoya D&C Co Ltd		1,271
	1,090,429		Yum China Holdings, Inc		64,564
	1,600,485		Yum! Brands, Inc		173,140
	14,422		Zeal Network SE		742
	97,822	e	Zensho Co Ltd		2,506
			TOTAL CONSUMER SERVICES		3,511,986
DIVERSIFIED FINANCIALS - 4.6%
	48,211	*	360 Finance, Inc (ADR)		1,254
	66,464		3i Group plc		1,056
	23,586		ABC Arbitrage		201
	24,159		Ackermans & Van Haaren		3,841
	218,170		Acom Co Ltd		1,016
	346,640	*	Aditya Birla Capital Ltd		568
	59,011		Aeon Credit Service M BHD		175
	109,400		AEON Financial Service Co Ltd		1,471
	60,400		Aeon Thana Sinsap Thailand PCL		415
	63,028		Affiliated Managers Group, Inc		9,393
	2,400,183		AGNC Investment Corp		40,227
	803,882	*	Aiful Corp		2,330
	292,468		AJ Bell plc		1,690
	26,719		Aker ASA (A Shares)		2,050
	23,653		Alerus Financial Corp		704
	652,074		Alexander Forbes Group Holdings Ltd		181
	497,387		Alimtiaz Investment Group KSC		179
	523,299		Ally Financial, Inc		23,658
	27,990	*	Alpha FX Group plc		505
	61,671		Altshuler Shaham Provident Funds & Pension Ltd		393
	892,279		Amanat Holdings PJSC		206
	7,628		A-Mark Precious Metals, Inc		275
	1,854,953	n	American Express Co		262,365
	161,548		Ameriprise Financial, Inc		37,552
	3,262,606		AMP Ltd		3,146
	35,526	g	Amundi S.A.		2,839
	292,455	g	Anima Holding S.p.A		1,505
	4,674,836		Annaly Capital Management, Inc		40,204
	218,576		Apollo Commercial Real Estate Finance, Inc		3,054
	247,624		Apollo Global Management, Inc		11,641
	176,092		Arbor Realty Trust, Inc		2,800
	45,452		Ares Commercial Real Estate Corp		624
	163,091		Ares Management Corp		9,138
	88,606	*,e	Arlington Asset Investment Corp (Class A)		358
	106,600	e	ARMOUR Residential REIT, Inc		1,301
	173,489		Artisan Partners Asset Management, Inc		9,051
	452,253		Ashmore Group plc		2,439
	164,858	*	Assetmark Financial Holdings, Inc		3,848
	1,472	e	Associated Capital Group, Inc		53
	3,835	*,e	Atlanticus Holdings Corp		116
	88,245	*	Aurelius AG.		2,796
	262,035		Australian Stock Exchange Ltd		14,184
	127,358	e	Avanza Bank Holding AB		3,955
	121,314		Avic Capital Co Ltd		74
	2,215	*,†	Ayala Corp Preferred		0
	277,966		Azimut Holding S.p.A.		6,332
	38,689		B. Riley Financial, Inc		2,181

52

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	1,805,238		B3 SA-Brasil Bolsa Balcao	$	17,518
	239,053	*	Bajaj Finance Ltd		16,924
	230,632	e,g	Banca Farmafactoring S.p.A		1,695
	684,923	*	Banca Generali S.p.A		24,102
	24,205	*	Banca IFIS S.p.A.		319
	147,610		Banca Mediolanum S.p.A		1,392
	100,000		Banco BTG Pactual S.A.		448
	725,309		Banco BTG Pactual S.A. - Unit		12,506
	50,711		Banco Latinoamericano de Exportaciones S.A. (Class E)		767
	787,152		Bangkok Commercial Asset Management PCL		548
	3,007,030		Bank of New York Mellon Corp		142,202
	3,482,850	*	Berkshire Hathaway, Inc (Class B)		889,764
	476,802		BGC Partners, Inc (Class A)		2,303
	290,218		BlackRock, Inc		218,813
	287,059		Blackstone Group, Inc		21,395
	221,288	e	Blackstone Mortgage Trust, Inc		6,860
	206,021	*	Blucora, Inc		3,428
	977,012	e	BOCOM International Holdings Co Ltd		200
	413,854		Bolsa Mexicana de Valores S.A. de C.V.		835
	1,502,501	*,e	Brait S.A.		265
	486,234		Brewin Dolphin Holdings plc		2,081
	287,634		Brightsphere Investment Group, Inc		5,862
	200,223		Broadmark Realty Capital, Inc		2,094
	1,344,851		Brookfield Asset Management, Inc		59,821
	275,064		Brookfield Asset Management, Inc (New York)		12,240
	54,441		Bure Equity AB		1,870
	1,572,483	*	Burford Capital Ltd		13,617
	2,385,500		Bursa Malaysia BHD		5,149
	117,902		Caitong Securities Co Ltd		201
	215,080		Canaccord Financial, Inc		1,968
	346,725	*	Cannae Holdings, Inc		13,737
	885,757		Capital One Financial Corp		112,695
	1,293,990		Capital Securities Corp		710
	153,455		Capstead Mortgage Corp		956
	212,165		Carlyle Group, Inc		7,799
	151,077		CBOE Global Markets, Inc		14,910
	67,499	e	Cembra Money Bank AG.		7,438
	456,711		Central Depository Services India Ltd		4,109
	268,513	*	Cerved Information Solutions S.p.A		2,970
	1,034,099		Chailease Holding Co Ltd		7,157
	583,998		Challenger Financial Services Group Ltd		2,846
	132,764		Changjiang Securities Co Ltd		143
	3,080,536		Charles Schwab Corp		200,789
	26,480	e	Cherry Hill Mortgage Investment Corp		247
	305,208		Chimera Investment Corp		3,876
	610,000		China Bills Finance Corp		334
	3,873,574		China Cinda Asset Management Co Ltd		808
	409,444		China Everbright Ltd		535
	1,426,959		China Galaxy Securities Co Ltd		883
	138,150		China Galaxy Securities Co Ltd (Class A)		219
	77,421		China Great Wall Securities Co Ltd		129
	4,136,279	g	China Huarong Asset Management Co Ltd		544
	528,937	*,e,g	China International Capital Corp Ltd		1,287
	37,800	*	China International Capital Corp Ltd		285
	385,826		China Merchants Securities Co Ltd		1,160

53

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	120,600	g	China Renaissance Holdings Ltd	$	484
	70,312	*	Cholamandalam Financial Holdings Ltd		579
	342,855		Cholamandalam Investment and Finance Co Ltd		2,635
	235,610	e	CI Financial Corp		3,403
	871,405	e	CITIC Securities Co Ltd		2,014
	556,975		CITIC Securities Co Ltd (Class A)		2,038
	27,555,077	e	CMBC Capital Holdings Ltd		375
	251,355	g	CMC Markets plc		1,674
	598,443		CME Group, Inc		122,220
	93,157		Coface S.A.		1,029
	114,574	e	Cohen & Steers, Inc		7,485
	135,935		Colony Credit Real Estate, Inc		1,158
	159,771		Coronation Fund Managers Ltd		593
	17,217		Corp Financiera Alba		854
	90,050	*	Corp Financiera Colombiana S.A.		805
	34,172	e	Cowen Group, Inc		1,201
	4,725	e	Creades AB		448
	13,361	*,e	Credit Acceptance Corp		4,813
	70,466	e	Credit Corp Group Ltd		1,761
	151,100		Credit Saison Co Ltd		1,821
	6,977,098		Credit Suisse Group		73,813
	35,393	*	CreditAccess Grameen Ltd		326
	12,065		CRISIL Ltd		304
	147,433		CSC Financial Co Ltd		718
	18,478		Curo Group Holdings Corp		270
	21,751		Daishin Securities Co Ltd		313
	14,002		Daishin Securities Co Ltd PF		174
	1,270,793	*	Daiwa Securities Group, Inc		6,583
	10,911		Daou Data Corp		124
	18,629		Daou Technology, Inc		448
	134,057	*	Deutsche Bank AG. (Registered)		1,603
	10,850		Deutsche Beteiligungs AG.		489
	98,491		Deutsche Boerse AG.		16,366
	180,338	*	Dhani Services Ltd		416
	4,798		Diamond Hill Investment Group, Inc		749
	1,998,000	*	Differ Group Holding Co Ltd		244
	2,171,770		Discover Financial Services		206,296
	44,491	g	doBank S.p.A		543
	100,325		Dongxing Securities Co Ltd		168
	203,359	*	Donnelley Financial Solutions, Inc		5,659
	152,463	*	Draper Esprit plc		1,698
	1,503,800		Dubai Financial Market		423
	38,597		Dynex Capital, Inc		731
	438,376		East Money Information Co Ltd		1,835
	242,172		ECN Capital Corp		1,509
	23,902,873	*	Edelweiss Capital Ltd		20,767
	92,747	e	EFG International		711
	31,086	e	eGuarantee, Inc		587
	399,568	*	Egyptian Financial Group-Hermes Holding		370
	4,658	*	Electreon Wireless Ltd		304
	458,814		Element Financial Corp		5,020
	66,244		Ellington Financial Inc		1,061
	18,613	e	Ellington Residential Mortgage REIT		229
	48,977	*	Encore Capital Group, Inc		1,970
	52,746	*	Enova International, Inc		1,871
	199,564	e	EQT AB		6,570

54

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	2,674,188		Equitable Holdings, Inc	$	87,232
	51,218		Eurazeo		3,896
	826,936	g	Euronext NV		83,231
	96,206		Everbright Securities Co Ltd		239
	55,515		Evercore Inc		7,314
	7,390		EXOR NV		623
	173,460	*	Ezcorp, Inc (Class A)		862
	34,857		Factset Research Systems, Inc		10,757
	762,401		Far East Horizon Ltd		916
	422,523		Federated Investors, Inc (Class B)		13,225
	74,741	e	Fiera Capital Corp		593
	69,700		Financial Products Group Co Ltd		457
	84,853	e	FinVolution Group (ADR)		595
	107,491		First Capital Securities Co Ltd		127
	2,706,000		First Pacific Co		895
	29,495		FirstCash, Inc		1,937
	3,662,824	e	FirstRand Ltd		12,801
	23,444	*	flatexDEGIRO AG.		2,173
	34,310	g	Flow Traders		1,435
	97,556	*	Focus Financial Partners, Inc		4,060
	144,346	*	Founder Securities Co Ltd		192
	373,562		Franklin Resources, Inc		11,057
	8,350,363		Fuhwa Financial Holdings Co Ltd		6,597
	196,749	*,g	Funding Circle Holdings plc		417
	34,200	*,e	Futu Holdings Ltd (ADR)		5,432
	34,784		Fuyo General Lease Co Ltd		2,398
	110,356	*	GAM Holding AG.		291
	3,989		GAMCO Investors, Inc (Class A)		74
	5,646,517	*,e	Gentera SAB de C.V.		2,522
	530,836		GF Securities Co Ltd		816
	146,208		GF Securities Co Ltd (Class A)		351
	20,511		Gimv NV		1,226
	40,301		GMO Financial Holdings, Inc		332
	235,839	e	goeasy Ltd		23,479
	831,102		Goldman Sachs Group, Inc		271,770
	87,164		Granite Point Mortgage Trust, Inc		1,043
	35,276		Great Ajax Corp		385
	101,979	*	Green Dot Corp		4,670
	13,349		Greenhill & Co, Inc		220
	28,011	e	GRENKE AG.		1,061
	7,711		Groupe Bruxelles Lambert S.A. (EN Brussels)		798
	102,177		Grupo de Inversiones Suramericana S.A.		606
	36,734		Gruppo MutuiOnline S.p.A		1,936
	36,615		Guangzhou Yuexiu Financial Holdings Group Co Ltd		79
	43,604	*	Guolian Securities Co Ltd		101
	55,449		Guosen Securities Co Ltd		101
	3,285,800		Guotai Junan International Hol		607
	387,516		Guotai Junan Securities Co Ltd		963
	99,054		Guoyuan Securities Co Ltd		117
	1,717	*,e	GWG Holdings Inc		12
	322,665		Haci Omer Sabanci Holding AS		337
	2,526,282	e	Haitong International Securities Group Ltd		808
	1,127,173		Haitong Securities Co Ltd		1,047
	514,612		Haitong Securities Co Ltd (Class A)		871
	69,313		Hamilton Lane, Inc		6,138

55

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	113,643	e	Hannon Armstrong Sustainable Infrastructure Capital, Inc	$	6,375
	81,324	*	Hanwha Securities Co		307
	22,632		Hargreaves Lansdown plc		481
	46,210	g	HDFC Asset Management Co Ltd		1,850
	10,186		Hithink RoyalFlush Information Network Co Ltd		187
	2,081,508		Hong Kong Exchanges and Clearing Ltd		123,487
	138,000		Hotai Finance Co Ltd		424
	37,810		Houlihan Lokey, Inc		2,515
	95,825		Huaan Securities Co Ltd		94
	615,740	g	Huatai Securities Co Ltd		946
	367,440		Huatai Securities Co Ltd (Class A)		953
	112,900		Huaxi Securities Co Ltd		172
	51,275	e	HUB24 Ltd		812
	28,681	*	Hypoport AG.		15,212
	48,054	g	ICICI Securities Ltd		253
	910,903	*	IDFC Ltd		592
	2,448,770		IG Group Holdings plc		30,408
	208,385	e	IGM Financial, Inc		6,351
	26,184		IIFL Wealth Management Ltd		445
	110,124	g	Indian Energy Exchange Ltd		503
	135,880		Industrial Securities Co Ltd		176
	10,922		Industrivarden AB		383
	90,371		Industrivarden AB		3,325
	304,783		IntegraFin Holdings plc		2,130
	95,269	e	Interactive Brokers Group, Inc (Class A)		6,958
	858,379		Intercontinental Exchange Group, Inc		95,864
	297,526		Intermediate Capital Group plc		7,554
	37,809		Inversiones La Construccion S.A.		291
	532,541		Invesco Ltd		13,431
	369,110	e	Invesco Mortgage Capital, Inc		1,480
	219,046		Investec Ltd		644
	705,752		Investec plc		2,133
	31,873		Investment AB Oresund		509
	101,818		Investor AB (B Shares)		8,124
	626,286		IOOF Holdings Ltd		1,678
	2,250,421	*	IP Group plc		3,852
	90,834		Is Yatirim Menkul Degerler AS		173
	1,804,010		iShares Core MSCI Emerging Markets ETF		116,106
	9,390		iShares Core S&P 500 ETF		3,736
	21,300		iShares MSCI ACWI ex US ETF		1,175
	761,313	e	iShares MSCI Canada Index Fund		25,923
	43,681		iShares MSCI EAFE Index Fund		3,314
	12,800	e	iShares MSCI EAFE Small-Cap ETF		920
	21,677	e	iShares MSCI Emerging Markets		1,156
	5,000	e	iShares MSCI Emerging Markets Small-Cap ETF		287
	100	e	iShares Russell 2000 Index Fund		22
	92,500	e	iShares Russell Midcap Growth Index Fund		9,441
	185,005	*	Isracard Ltd		636
	23,625		Jaccs Co Ltd		485
	51,018	*,e	Jafco Co Ltd		3,047
	185,906	e	Japan Investment Adviser Co Ltd		2,830
	66,800		Japan Securities Finance Co Ltd		482
	422,948		Jefferies Financial Group, Inc		12,731
	321,009		JM Financial Ltd		373
	64,645		JSE Ltd		489

56

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	83,862		Julius Baer Group Ltd	$	5,359
	458,960		Jupiter Investment Management Group Ltd		1,763
	65,638	*	KBC Ancora		2,809
	16,507	e	Kinnevik AB		802
	9,372		KIWOOM Securities Co Ltd		1,051
	754,907		KKR & Co, Inc		36,877
	43,056		KKR Real Estate Finance Trust, Inc		792
	34,348		Korea Investment Holdings Co Ltd		2,610
	12,934		KRUK S.A.		600
	627,928		Krungthai Card PCL		1,593
	283,469		Kumho Investment Bank		172
	639,682	*	L&T Finance Holdings Ltd		843
	167,282		Ladder Capital Corp		1,974
	342,523		Lazard Ltd (Class A)		14,903
	432,972	*	LendingClub Corp		7,153
	17,424	*,e	LendingTree, Inc		3,711
	9,865	e	Leonteq A.G.		486
	75,400	*,e	LexinFintech Holdings Ltd (ADR)		759
	65,411		Liontrust Asset Management plc		1,281
	856,568		London Stock Exchange Group plc		81,887
	174,288		LPL Financial Holdings, Inc		24,777
	148,645	*,e	Lufax Holding Ltd		2,158
	5,192	e	Lundbergs AB (B Shares)		284
	13,400	*	M&A Capital Partners Co Ltd		669
	2,071,715		M&G plc		5,920
	326,256		Macquarie Group Ltd		38,035
	122,185		Magellan Financial Group Ltd		4,217
	556,712	*	Mahindra & Mahindra Financial Services Ltd		1,519
	14,977,298		Man Group plc		33,236
	353,627		Manappuram General Finance & Leasing Ltd		724
	58,412		MarketAxess Holdings, Inc		29,085
	5,242	e	Marlin Business Services Corp		72
	60,600	e	Marusan Securities Co Ltd		353
	12,626	*,g	MAS Financial Services Ltd		147
	112,500	e	Matsui Securities Co Ltd		917
	29,513		Meritz finance Holdings Co Ltd		448
	87,964		Meritz Securities Co Ltd		359
	5,941,380		Metro Pacific Investments Corp		459
	700,300		MFA Financial Inc		2,850
	225,053		Mirae Asset Daewoo Co Ltd		1,969
	323,170	e	Mitsubishi UFJ Lease & Finance Co Ltd		1,954
	28,400		Mizuho Leasing Co Ltd		854
	65,089		MLP AG.		537
	113,157		Moelis & Co		6,210
	118,518		Moelis Australia Ltd		456
	155,952	*,e	Monex Group, Inc		1,326
	263,151		Moody’s Corp		78,580
	6,576,463		Morgan Stanley		510,728
	50,652		Morningstar, Inc		11,399
	29,969		Motilal Oswal Financial Services Ltd		257
	136,921		MSCI, Inc (Class A)		57,408
	526,582		Muangthai Capital PCL		1,194
	38,530		Multi Commodity Exchange of India Ltd		798
	44,009	*	Muthoot Finance Ltd		726
	134,639		Nanjing Securities Co Ltd		209
	155,439		Nasdaq Inc		22,921

57

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	64,563		Natixis	$	309
	484,165		Navient Corp		6,928
	9,700		NEC Capital Solutions Ltd		178
	27,721		Nelnet, Inc (Class A)		2,016
	153,041		Netwealth Group Ltd		1,574
	576,255		New Residential Investment Corp		6,483
	586,039	e	New York Mortgage Trust, Inc		2,620
	56,823	*,†	NewStar Financial, Inc		14
	15,620		NICE Holdings Co Ltd		236
	111,652		Ninety One Ltd		363
	610,784		Ninety One plc		2,008
	90,996	g	Nippon Life India Asset Management Ltd		422
	13,443	*	Noah Holdings Ltd (ADR)		597
	3,605,436	*	Nomura Holdings, Inc		19,103
	1,337,395	*	Nordnet AB publ		21,592
	76,572		Northeast Securities Co Ltd		101
	26,943		Northern Trust Corp		2,832
	96,024		Numis Corp plc		499
	191,785		Oceanwide Holdings Co Ltd		81
	164,393	e	Okasan Holdings, Inc		671
	1,632,471		Omni Bridgeway Ltd		4,373
	172,791		OneMain Holdings, Inc		9,282
	142,657		Onex Corp		8,873
	31,691	*	Oportun Financial Corp		656
	15,663		Oppenheimer Holdings, Inc		627
	108,304	e	Orchid Island Capital, Inc		651
	504,400		Orient Corp		703
	124,037		Orient Securities Co Ltd		168
	1,812,468		ORIX Corp		30,654
	523,072		Osaka Securities Exchange Co Ltd		12,287
	82,842	*	Pacific Securities Co Ltd		41
	4,523,744	*	Pacific Strategic Financial Tbk PT		232
	6,594		Partners Group		8,427
	245,238		Pendal Group Ltd		1,214
	157,635		PennyMac Mortgage Investment Trust		3,090
	55,762		Perpetual Trustees Australia Ltd		1,404
	296,472		Pinnacle Investment Management Group Ltd		2,087
	26,593		Piper Jaffray Cos		2,916
	2,686,125		Piramal Healthcare Ltd		64,675
	22,670		PJT Partners, Inc		1,534
	285,254		Platinum Asset Mangement Ltd		1,087
	98,176		Plus500 Ltd		1,895
	70,844	*	PRA Group, Inc		2,626
	632,683		President Securities Corp		522
	322,346		PROG Holdings, Inc		13,954
	260,299		Provident Financial plc		779
	47,438		Pzena Investment Management, Inc (Class A)		500
	114,380	*,e	Qudian, Inc (ADR)		261
	1,827,995	g	Quilter plc		4,026
	1,625,527		Ratchthani Leasing PCL		235
	113,201		Rathbone Brothers		2,746
	211,782		Ratos AB (B Shares)		1,151
	166,551		Raymond James Financial, Inc		20,412
	100,172		Ready Capital Corp		1,344
	687,772		REC Ltd		1,239
	373,151		Redwood Trust, Inc		3,885

58

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	15,156		Regional Management Corp	$	525
	58,829		Reinet Investments S.C.A		1,163
	200,928		Remgro Ltd		1,417
	131,413	g	Resurs Holding AB		719
	239,000	*	Ribbit LEAP Ltd		2,629
	15,861		Ricoh Leasing Co Ltd		498
	476,709		S&P Global, Inc		168,216
	32,880	*,e	Safeguard Scientifics, Inc		224
	10,499		Samsung Card Co		320
	51,696		Samsung Securities Co Ltd		1,810
	145,250		Sanne Group plc		1,311
	154,479		Santander Consumer USA Holdings, Inc		4,180
	746,038	*	SBI Holdings, Inc		20,273
	8,440		Schroders plc		407
	117,902		Sculptor Capital Management, Inc		2,580
	108,563		SDIC Capital Co Ltd		203
	155,891		Sealand Securities Co Ltd		107
	156,370		SEI Investments Co		9,528
	250,900	*	Shanghai Dajiang Group		46
	97,269		Shanxi Securities Co Ltd		105
	244,000		Sheng Ye Capital Ltd		198
	1,163,244		Shenwan Hongyuan Group Co Ltd		825
	2,409	*	Shinyoung Securities Co Ltd		122
	269,907		Shriram Transport Finance Co Ltd		5,284
	763,742	*	SHUAA Capital PSC		137
	7,858	*,e	Siebert Financial Corp		32
	7,565		Silvercrest Asset Management Group, Inc		109
	767,644		Singapore Exchange Ltd		5,693
	73,482		Sinolink Securities Co Ltd		152
	536,938		SLM Corp		9,649
	4,886	e	Societe Fonciere Financiere et de Participations FFP		637
	13,153		Sofina S.A.		4,447
	91,927		SooChow Securities Co Ltd		136
	120,373		Southwest Securities Co Ltd		86
	12,487	*	Spandana Sphoorty Financial Ltd		104
	94,358		Sparx Group Co Ltd		255
	8,000	e	SPDR S&P 500 ETF Trust		3,171
	21,699	e	Sprott, Inc		824
	768,475	*,†,e	SRH NV		9
	630,810		Srisawad Corp PCL		1,723
	422,864		St. James’s Place plc		7,424
	1,993,533		Standard Life Aberdeen plc		7,964
	753,541		Starwood Property Trust, Inc		18,643
	497,019		State Street Corp		41,755
	22,678	e	StepStone Group, Inc		800
	156,954		Stifel Financial Corp		10,054
	58,926	*	StoneX Group, Inc		3,853
	9,724		Strike Co Ltd		389
	589,735		Sun Hung Kai & Co Ltd		300
	48,555		Sundaram Finance Ltd		1,710
	22,218		Svolder AB		554
	8,811		Swissquote Group Holding S.A.		1,137
	2,651	*,e	SWK Holdings Corp		39
	2,233,766		Synchrony Financial		90,825
	319,367		T Rowe Price Group, Inc		54,803
	103,503		Taiwan Acceptance Corp		460

59

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	118,479		Tamburi Investment Partners S.p.A.	$	1,053
	10,236		Tata Investment Corp Ltd		145
	1,195,983		Tel Aviv Stock Exchange Ltd		7,389
	122,437		Tianfeng Securities Co Ltd		94
	57,648		TMX Group Ltd		5,990
	220,380		Tokai Tokyo Securities Co Ltd		808
	23,810		Tokyo Century Corp		1,604
	71,459		Tong Yang Investment Bank		224
	809,772		TP Icap Group plc		2,718
	85,594		TPG RE Finance Trust, Inc		959
	128,680		Tradeweb Markets, Inc		9,522
	403,987	*	Transaction Capital Ltd		847
	4,907,055		Turkiye Sinai Kalkinma Bankasi AS		802
	417,253		Two Harbors Investment Corp		3,058
	4,176,174		UBS Group AG		64,612
	18,421		Ujjivan Financial Services Ltd		53
	19,445	*,e	Upstart Holdings, Inc		2,506
	142,149	*	Uranium Participation Corp		616
	18,600	*	Uzabase, Inc		467
	247		Value Line, Inc		7
	1,256,011		Value Partners Group Ltd		858
	25,000		Vanguard FTSE Developed Markets ETF		1,228
	195,281		Virtu Financial, Inc		6,063
	22,178		Virtus Investment Partners, Inc		5,223
	217,247	e	Vontobel Holding AG.		16,581
	1,216,029		Voya Financial, Inc		77,388
	21,532		VZ Holding AG.		1,779
	100,020		Waddell & Reed Financial, Inc (Class A)		2,506
	51,885		Warsaw Stock Exchange		601
	1,604,490		Waterland Financial Holdings		951
	22,459		Wendel		2,787
	102,281	e	Western Asset Mortgage Capital Corp		326
	62,303		Western Securities Co Ltd		84
	16,183		Westwood Holdings Group, Inc		234
	279,960		WisdomTree Investments, Inc		1,750
	39,947		Woori Investment & Securities Co Ltd		413
	7,060	*,e	World Acceptance Corp		916
	981,500	*,g	Yixin Group Ltd		336
	794,592		Zeder Investments Ltd		142
	119,365		Zenkoku Hosho Co Ltd		5,494
	112,591		Zheshang Securities Co Ltd		221
	2,246,091	*,e	Zip Co Ltd		12,713
			TOTAL DIVERSIFIED FINANCIALS		6,015,191
ENERGY - 2.8%
	1,790	e	Adams Resources & Energy, Inc		50
	15,320,861		Adaro Energy Tbk		1,242
	195,068	*	Advantage Oil & Gas Ltd		368
	104,350		Aegis Logistics Ltd		427
	1,064,123		Aker BP ASA		30,186
	23,191		Aldrees Petroleum and Transport Services Co		441
	211,002		Ampol Ltd		3,950
	396,845	e	Antero Midstream Corp		3,584
	545,603	*	Antero Resources Corp		5,565
	149,049	*	APA Corp		2,668
	368,261	e	ARC Resources Ltd		2,262

60

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	22,623	*	Arch Resources, Inc	$	941
	205,501		Archrock, Inc		1,950
	97,195	*	Ardmore Shipping Corp		441
	31,336	*,e	Aspen Aerogels, Inc		637
	115,949		Baker Hughes Co		2,506
	788,300		Bangchak Corp PCL		651
	3,221,100		Banpu PCL (Foreign)		1,304
	1,777,601		Beach Petroleum Ltd		2,324
	111,424		Berry Petroleum Co LLC		614
	2,406,538		Bharat Petroleum Corp Ltd		14,139
	276,515	e	Birchcliff Energy Ltd		574
	31,761	*	Bonanza Creek Energy, Inc		1,135
	16,446,020		BP plc		66,803
	790,467		BP plc (ADR)		19,248
	69,563		Brigham Minerals, Inc		1,018
	4,650,000	*,†,e	Brightoil Petroleum Holdings Ltd		673
	12,271	*	Bristow Group, Inc		318
	177,555	g	BW LPG Ltd		1,219
	93,612		BW Offshore Ltd		387
	316,123		Cabot Oil & Gas Corp		5,937
	135,421		Cactus, Inc		4,147
	612,894		Cairn Energy plc		1,439
	397,655		Cameco Corp (Toronto)		6,594
	150,502		Canacol Energy Ltd		431
	1,472,882	e	Canadian Natural Resources Ltd (Canada)		45,533
	1,260,814		Cenovus Energy, Inc (Toronto)		9,471
	680,773	*	CGG S.A.		816
	522,116	*	ChampionX Corp		11,346
	603,716	*,e	Cheniere Energy, Inc		43,474
	183,153	*	Chesapeake Energy Corp		7,947
	4,462,919		Chevron Corp		467,669
	300,803		China Aviation Oil Singapore Corp Ltd		253
	543,878		China Merchants Energy Shipping Co Ltd		434
	1,743,122		China Oilfield Services Ltd		1,802
	384,076		China Shenhua Energy Co Ltd		1,181
	3,077,955		China Shenhua Energy Co Ltd (Hong Kong)		6,364
	1,364,000		China Suntien Green Energy Cor		524
	609,154		Cimarex Energy Co		36,178
	371,907	*	Clean Energy Fuels Corp		5,110
	388,059	*	CNX Resources Corp		5,705
	515,430		Coal India Ltd		922
	118	*,†,b	Cobalt International Energy, Inc		0	^
	83,421	e	Computer Modelling Group Ltd		382
	38,744	*,e	Comstock Resources Inc		215
	2,760,506		ConocoPhillips		146,224
	47,073	*	CONSOL Energy, Inc		458
	137,976	*,e	Contango Oil & Gas Co		538
	27,379	*,e	Continental Resources, Inc		708
	1,741,077	*	Cooper Energy Ltd		358
	168,476		Cosan SA Industria e Comercio		2,736
	367,293		COSCO SHIPPING Energy Transportation Co Ltd		373
	53,658		Cosmo Energy Holdings Co Ltd		1,281
	1,535,651	e	Crescent Point Energy Corp		6,403
	23,039		CropEnergies AG.		323
	45,476		CVR Energy, Inc		872
	2,645,002		Dana Gas PJSC		573

61

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	20,507	*	Delek Group Ltd	$	1,033
	146,966		Delek US Holdings, Inc		3,201
	2,986,840		Devon Energy Corp		65,263
	188,332	e	DHT Holdings, Inc		1,117
	3,616,212		Dialog Group BHD		2,714
	46,391	*	Diamond S Shipping Inc		465
	1,551,882		Diamondback Energy, Inc		114,048
	772,537		Diversified Gas & Oil plc		1,182
	16,680	*,e	DMC Global, Inc		905
	610,659	*	DNO International ASA		669
	51,833	*,e	Dorian LPG Ltd		681
	20,224	*	Drilling Co of 1972		802
	52,308	*	Dril-Quip, Inc		1,738
	20,424	*	Earthstone Energy, Inc		146
	4,932,889		Ecopetrol S.A.		3,187
	319,984		Empresas COPEC S.A.		3,953
	57,553		Enauta Participacoes S.A.		162
	2,076,867		Enbridge, Inc (Toronto)		75,658
	3,856,668		ENEOS Holdings, Inc		17,497
	148,963		Enerflex Ltd		961
	95,370	*	Energean plc		1,117
	1,168,600	*,†	Energy Earth PCL		0	^
	94,143	*,e	Energy Fuels, Inc		535
	1		Energy Transfer LP		0	^
	261,313	e	Enerplus Corp		1,312
	1,855,520		ENI S.p.A.		22,864
	1,659,004		EOG Resources, Inc		120,328
	1,190,315	*	EQT Corp		22,116
	2,375,050		Equinor ASA		46,360
	24,531	*	Equital Ltd		596
	156,303		Equitrans Midstream Corp		1,275
	826,300	*	Esso Thailand PCL (Foreign)		221
	179,803	e	Euronav NV		1,646
	92,914	e	Evolution Petroleum Corp		314
	47,105	*	Exterran Corp		158
	106,897		Exxaro Resources Ltd		1,259
	5,822,330		Exxon Mobil Corp		325,061
	69,660		Falcon Minerals Corp		313
	33,740	e	FLEX LNG Ltd		293
	1,053,269		Formosa Petrochemical Corp		3,584
	245,908	*,e	Frank’s International NV		873
	109,217	e	Freehold Royalty Trust		630
	185,230	e	Frontline Ltd		1,324
	101,425	e	Frontline Ltd (Sigmax MTF)		744
	91,468	*	Fugro NV (ADR)		957
	34,229		Galp Energia SGPS S.A.		397
	42,775		Gazprom (ADR)		256
	4,124,618		Gazprom OAO (ADR)		24,567
	22,319		Gaztransport Et Technigaz S.A.		1,778
	152,477	e	Gibson Energy, Inc		2,702
	151,137	*	Golar LNG Ltd		1,546
	6,526	*,e	Goodrich Petroleum Corp		62
	78,215		Great Eastern Shipping Co Ltd		335
	180,938	*,e	Green Plains Inc		4,898
	71,079		Grupa Lotos S.A.		780
	21,950		GS Holdings Corp		762

62

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	636,386	*	Guanghui Energy Co Ltd	$	302
	715,010	*	Gulf International Services QSC		294
	61,790		Hafnia Ltd		126
	1,254,634		Halliburton Co		26,924
	486		Hankook Shell Oil Co Ltd		108
	213,961	*	Helix Energy Solutions Group, Inc		1,081
	47,057		Hellenic Petroleum S.A.		326
	17,907		Helmerich & Payne, Inc		483
	720,706		Hess Corp		50,997
	297,865		Hindustan Petroleum Corp Ltd		958
	57,990		HollyFrontier Corp		2,075
	305,910		Hunting plc		1,080
	106,449		Idemitsu Kosan Co Ltd		2,748
	205,101	e	Imperial Oil Ltd		4,968
	826,557		Indian Oil Corp Ltd		1,041
	326,100		Indo Tambangraya Megah Tbk PT		257
	851,300		Inner Mongolia Yitai Coal Co		467
	972,334		Inpex Holdings, Inc		6,649
	392,288	e	Inter Pipeline Ltd		5,610
	42,322		International Seaways, Inc		820
	8,432,486		IRPC PCL (Foreign)		1,004
	77,850		Itochu Enex Co Ltd		769
	48,022		Iwatani International Corp		2,968
	36,477		Japan Petroleum Exploration Co		678
	704,483		John Wood Group plc		2,627
	240,282	e	Keyera Corp		4,994
	1,445,564		Kinder Morgan, Inc		24,069
	58,939		Koninklijke Vopak NV		2,933
	649,064	*	Kosmos Energy Ltd		1,993
	194,891	*,e	Liberty Oilfield Services, Inc		2,200
	277,835	e	LUKOIL PJSC (ADR)		22,446
	779,263	e	Lundin Petroleum AB		24,510
	87,826	*,e	Magnolia Oil & Gas Corp		1,008
	2,241,932		Marathon Oil Corp		23,944
	1,810,819		Marathon Petroleum Corp		96,861
	18,860		Mari Petroleum Co Ltd		189
	167,951		Matador Resources Co		3,938
	968,530	*	MEG Energy Corp		5,025
	31,800	e	Mitsuuroko Co Ltd		391
	13,830		Modec, Inc		284
	185,249	*	MOL Hungarian Oil & Gas plc		1,341
	50,755		Motor Oil Hellas Corinth Refineries S.A.		801
	24,023	e	Murphy Oil Corp		394
	11,270	*,e	Nabors Industries Ltd		1,053
	8,847	e	Nacco Industries, Inc (Class A)		221
	18,777	*	Naphtha Israel Petroleum Corp Ltd		87
	31,138	*,e	National Energy Services Reunited Corp		385
	740,160		Neste Oil Oyj		39,307
	467,609		New Hope Corp Ltd		506
	150,996	*	Newpark Resources, Inc		474
	354,655	*,e	NexGen Energy Ltd		1,278
	42,711	*,e	NextDecade Corp		114
	705,510	*	NexTier Oilfield Solutions, Inc		2,625
	230,814	e	Nordic American Tankers Ltd		750
	751,274	*	NOV, Inc		10,308
	81,855		Novatek PJSC (GDR)		16,166

63

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	1,261,445		Occidental Petroleum Corp	$	33,580
	34,498		Ocean Yield ASA		119
	357,878	*	Oceaneering International, Inc		4,087
	472,627		Offshore Oil Engineering Co Ltd		327
	536,837		Oil & Gas Development Co Ltd		358
	158,066		Oil India Ltd		266
	1,983,750	*	Oil Refineries Ltd		461
	1,664,420		Oil Search Ltd		5,204
	94,521	*,e	Oil States International, Inc		570
	10,026		OMV AG.		508
	624,556		ONEOK, Inc		31,640
	1,567,602		Origin Energy Ltd		5,616
	128,349	*,e	Overseas Shipholding Group, Inc		264
	563,906		Ovintiv, Inc		13,432
	76,455		Pakistan Oilfields Ltd		191
	424,671		Pakistan Petroleum Ltd		243
	149,832		Pakistan State Oil Co Ltd		227
	61,302	*	Par Pacific Holdings, Inc		866
	158,101	*	Parex Resources, Inc		2,819
	537,622	e	Parkland Corp		16,154
	83,083		Pason Systems, Inc		587
	583,123		Patterson-UTI Energy, Inc		4,158
	10,184		Paz Oil Co Ltd		935
	152,547	*	PBF Energy, Inc		2,159
	217,939	*	PDC Energy, Inc		7,497
	41,915	*	Peabody Energy Corp		128
	501,509	e	Pembina Pipeline Income Fund		14,486
	24,424	*,e	Penn Virginia Corp		327
	93,781	*	Petro Rio S.A.		1,538
	274,904	e	Petrofac Ltd		362
	3,258,295		Petroleo Brasileiro S.A.		13,858
	4,166,627		Petroleo Brasileiro S.A. (Preference)		17,840
	2,131,100	*	Petron		134
	309,180		Petronas Dagangan BHD		1,497
	322,031		Petronet LNG Ltd		991
	171,443	e	Peyto Exploration & Development Corp		727
	550,723		Phillips 66		44,906
	1,302,354		Pioneer Natural Resources Co		206,840
	121,830		Polski Koncern Naftowy Orlen S.A.		1,954
	742,761		Polskie Gornictwo Naftowe i Gazownictwo S.A.		1,129
	100,100	*,†	Poseidon Concepts Corp		1
	209,407	e	PrairieSky Royalty Ltd		2,258
	750,500		Prima Marine PCL		195
	470	*,e	PrimeEnergy Corp		25
	130,215	*	ProPetro Holding Corp		1,388
	1,350,972		PT AKR Corporindo Tbk		300
	6,454,192	*	PT Medco Energi Internasional Tbk		254
	11,882,528		PT Tambang Batubara Bukit Asam Tbk		2,150
	10,084,006		PT United Tractors Tbk		15,363
	1,329,648		PTT Exploration & Production PCL (Foreign)		4,854
	8,922,100		PTT PCL (ADR)		11,723
	10,026,909		PTT PCL (Foreign)		13,175
	211,564		Qatar Fuel QSC		996
	2,424,354		Qatar Gas Transport Co Ltd		2,105
	110,813	*	Rabigh Refining & Petrochemical Co		500
	333,308	*	Range Resources Corp		3,443

64

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	7,230,830		Reliance Industries Ltd	$	198,820
	84,667	*	Renewable Energy Group, Inc		5,591
	531,151		Repsol YPF S.A.		6,593
	9,126	*	Rex American Resources Corp		768
	549,302	*	Rosneft Oil Co PJSC (GDR)		4,154
	4,072,718		Royal Dutch Shell plc (A Shares)		79,169
	5,915,387		Royal Dutch Shell plc (B Shares)		108,887
	73,377	*	RPC, Inc		396
	623,302	e	Saipem S.p.A		1,698
	52,052		San-Ai Oil Co Ltd		619
	1,843,513		Santos Ltd		9,978
	15,041,000	*	Sapurakencana Petroleum BHD		526
	642,251	e	Saras S.p.A.		435
	2,030,094	g	Saudi Arabian Oil Co		19,487
	154,548	e	SBM Offshore NV		2,827
	2,386,856		Schlumberger Ltd		64,899
	12,695	e	Schoeller-Bleckmann Oilfield Equipment AG.		569
	86,943	e	Scorpio Tankers, Inc		1,605
	101,484	*	Select Energy Services, Inc		505
	823,100	*	Semirara Mining & Power Corp		230
	1,068,151		Serba Dinamik Holdings BHD		438
	196,923	e	Serica Energy plc		306
	50	*,†	Serval Integrated Energy Services		0
	535,069	*	Seven Generations Energy Ltd		3,619
	151,650		SFL Corp Ltd		1,216
	561,338		Shaanxi Coal Industry Co Ltd		951
	487,386		Shanxi Lu’an Environmental Energy Development Co Ltd		457
	373,329	*	Shanxi Meijin Energy Co Ltd		410
	612,500		Shanxi Xishan Coal & Electricity Power Co Ltd		469
	556,072		Siamgas & Petrochemicals PCL		205
	6,800		Sinanen Co Ltd		187
	812,000		Sinopec Kantons Holdings Ltd		311
	50,134		SK Chemicals Co Ltd		2,709
	2,266		SK Gas Co Ltd		214
	48,594	*	SK Innovation Co Ltd		9,466
	509,659		SM Energy Co		8,343
	42,066	*	S-Oil Corp		3,032
	44,695		Solaris Oilfield Infrastructure, Inc		548
	1,164,281	*	Southwestern Energy Co		5,414
	1,334,620	*	Star Petroleum Refining PCL		384
	223,977	*	Subsea 7 S.A.		2,250
	1,716,068		Suncor Energy, Inc		35,873
	674,881		Surgutneftegaz (ADR) (London)		3,054
	22,055	*	Talos Energy, Inc		266
	419,118		Targa Resources Investments, Inc		13,307
	215,578		Tatneft PJSC (ADR)		10,096
	851,577	e	TC Energy Corp		39,038
	91,876	*	Technip Energies NV		1,395
	35,489	*,e	Tecnicas Reunidas S.A.		520
	233,245	*,e	Tellurian, Inc		546
	32,189		Tenaris S.A.		364
	121,320		TGS Nopec Geophysical Co ASA		1,928
	1,078,660		Thai Oil PCL (Foreign)		2,104
	67,662	*,e	Tidewater, Inc		848
	19,702		TORM plc		179

65

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	2,495,401	e	Total S.A.	$	116,335
	334,695		Tourmaline Oil Corp		6,371
	420,504	*,e	Transocean Ltd (NYSE)		1,493
	52,311	*,e	Transportadora de Gas del Sur S.A. (ADR) (Class B)		253
	1,583,315	*,e	Tullow Oil plc		1,029
	53,614	*	Turkiye Petrol Rafinerileri AS		584
	630,561		Ultrapar Participacoes S.A.		2,376
	394,499	*,e	Uranium Energy Corp		1,128
	113,144	*	US Silica Holdings, Inc		1,391
	1,049,482		Valero Energy Corp		75,143
	2,576,862	*	Velesto Energy Bhd		105
	24,056		Verbio AG.		1,036
	341,900	*,e	Vermilion Energy, Inc		2,484
	893,373	g	Viva Energy Group Ltd		1,145
	155,943	*,e	W&T Offshore, Inc		560
	92,495		Washington H Soul Pattinson & Co Ltd		2,227
	803	*	Weatherford International Ltd		10
	1,009,621	e	Whitecap Resources, Inc		4,435
	925,530	*	Whitehaven Coal Ltd		1,247
	1,831,876		Williams Cos, Inc		43,397
	816,948		Woodside Petroleum Ltd		14,932
	153,186		World Fuel Services Corp		5,392
	349,840		Worley Ltd		2,802
	69,633		Yantai Jereh Oilfield Services Group Co Ltd		373
	1,619,540		Yanzhou Coal Mining Co Ltd		1,921
	296,069		Yanzhou Coal Mining Co Ltd (Class A)		598
	462,400		Yinson Holdings BHD		602
	214,566	*,e	YPF S.A. (ADR) (Class D)		882
	548,380	*	Z Energy Ltd		1,085
			TOTAL ENERGY		3,732,900
FOOD & STAPLES RETAILING - 1.4%
	46,073	*,e	111, Inc (ADR)		636
	37,734		Abdullah Al Othaim Markets Co		1,272
	453,263		Aeon Co Ltd		13,539
	24,100	e	Aeon Hokkaido Corp		264
	25,683		Ain Pharmaciez Inc		1,661
	118,930		Al Meera Consumer Goods Co		640
	36,054	e	Albertsons Cos, Inc		688
	1,218,797		Alimentation Couche Tard, Inc		39,298
	133,386		Andersons, Inc		3,652
	43,479		Arcs Co Ltd		941
	332,195		Atacadao Distribuicao Comercio e Industria Ltd		1,370
	203,382	*,g	Avenue Supermarts Ltd		7,968
	244,192	e	Axfood AB		5,837
	16,155		Axial Retailing, Inc		704
	11,200		Belc Co Ltd		625
	1,101,412		Berli Jucker PCL		1,386
	85,557		BGF retail Co Ltd		11,974
	133,318	*	Bid Corp Ltd		2,584
	186,437		BIM Birlesik Magazalar AS		1,597
	750,136	*	BJ’s Wholesale Club Holdings, Inc		33,651
	797,845		Carrefour S.A.		14,445
	6,513		Casey’s General Stores, Inc		1,408
	45,125	*,e	Casino Guichard Perrachon S.A.		1,503
	13,751		Cawachi Ltd		358

66

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	1,335,646		Cencosud S.A.	$	2,855
	48,248	*	Chefs’ Warehouse Holdings, Inc		1,470
	7,672,964		Cia Brasileira de Distribuicao		45,231
	97,205		Clicks Group Ltd		1,583
	20,060	e	Cocokara Fine Holdings, Inc		1,545
	1,119,258		Coles Group Ltd		13,649
	3,697		Colruyt S.A.		220
	1,382,763		Cosco Capital, Inc		147
	17,000		Cosmos Pharmaceutical Corp		2,652
	984,820		Costco Wholesale Corp		347,129
	5,006,116		CP ALL plc		11,084
	28,800		Create SD Holdings Co Ltd		938
	5,118		Daikokutenbussaan Co Ltd		337
	695,800		Dairy Farm International Holdings Ltd		3,002
	16,730		DaShenLin Pharmaceutical Group Co Ltd		214
	274,861	*,g	Dino Polska S.A.		18,120
	223,034	*,g	Dis-Chem Pharmacies Ltd		347
	6,465,416	*	Distribuidora Internacional de Alimentacion S.A.		911
	22,775		Dongsuh Co, Inc		644
	36,785		E-Mart Co Ltd		5,592
	276,219		Empire Co Ltd		8,612
	60,976	*	Eurocash S.A.		221
	3,484,500	*	Focus Dynamics Group Bhd		500
	11,900		G-7 Holdings, Inc		284
	8,600		Genky DrugStores Co Ltd		297
	85,325		George Weston Ltd		7,555
	230,438		GrainCorp Ltd-A		922
	749,954	*,e	Grocery Outlet Holding Corp		27,666
	642,287		Grupo Comercial Chedraui S.a. DE C.V.		1,014
	10,920		GS Retail Co Ltd		369
	9,000		Halows Co Ltd		237
	32,958		Heiwado Co Ltd		670
	56,848	*,e	HF Foods Group Inc		410
	31,816		Hyundai Greenfood Co Ltd		297
	6,863		ICA Gruppen AB		336
	20,300	e	Inageya Co Ltd		304
	22,732		Ingles Markets, Inc (Class A)		1,401
	5,570		Itochu-Shokuhin Co Ltd		276
	121,143		J Sainsbury plc		405
	687,306		Jeronimo Martins SGPS S.A.		11,566
	12,000		JM Holdings Co Ltd		247
	4,900	e	Kansai Super Market Ltd		50
	24,623		Kato Sangyo Co Ltd		795
	463,132		Kesko Oyj (B Shares)		14,164
	54,700	e	Kobe Bussan Co Ltd		1,467
	900,679		Koninklijke Ahold Delhaize NV		25,123
	207,095		Kroger Co		7,453
	15,834		Kusuri no Aoki Holdings Co Ltd		1,213
	364,581		La Comer SAB de C.V.		732
	11,655		Laobaixing Pharmacy Chain JSC		122
	2,331		Lawson, Inc		114
	15,596		Life Corp		476
	164,966		Loblaw Cos Ltd		9,215
	3,405	*	M Yochananof & Sons Ltd		186
	1,018,544		Magnit PJSC (ADR)		15,268
	32,518		MARR S.p.A.		699

67

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	248,670	*,e	Massmart Holdings Ltd	$	927
	78,894		Matsumotokiyoshi Holdings Co Ltd		3,520
	12,400		Maxvalu Tokai Co Ltd		291
	1,063,087		Metcash Ltd		2,983
	132,829		Metro Wholesale & Food Specialist AG.		1,403
	228,178		Metro, Inc		10,409
	154,824	*	Migros Ticaret AS		657
	4,300		Ministop Co Ltd		57
	13,548		Natural Grocers by Vitamin C		238
	8,500		Nihon Chouzai Co Ltd		137
	51,096	e	North West Co, Inc		1,484
	14,662		Okuwa Co Ltd		161
	1,171,565	*	Performance Food Group Co		67,494
	264,226		Pick’n Pay Stores Ltd		962
	227,717		President Chain Store Corp		2,178
	34,434		Pricesmart, Inc		3,332
	528,089		Puregold Price Club, Inc		428
	23,900		Qol Holdings Co Ltd		337
	900,635		Raia Drogasil S.A.		4,010
	9,292		Rami Levi Chain Stores Hashikma Marketing Ltd		604
	23,712		Retail Partners Co Ltd		298
	199,690	*,e	Rite Aid Corp		4,086
	469,600		Robinsons Retail Holdings, Inc		554
	19,741		Ryoshoku Ltd		553
	16,100		San-A Co Ltd		671
	8,052,664	*	Sendas Distribuidora S.A.		105,640
	665,663		Seven & I Holdings Co Ltd		26,880
	2,045,710		Sheng Siong Group Ltd		2,344
	11,411		Shoei Foods Corp		469
	198,428	e	Shoprite Holdings Ltd		2,111
	272,058		Shufersal Ltd		2,238
	28,498	*	Sligro Food Group NV		761
	2,107,041		SMU S.A.		345
	2,279,443	*	Sok Marketler Ticaret AS.		3,248
	848,394		Sonae SPGS S.A.		773
	75,746		Spar Group Ltd		974
	150,813		SpartanNash Co		2,960
	42,857	*	Sprouts Farmers Market, Inc		1,141
	35,096		Sugi Pharmacy Co Ltd		2,785
	826,000	e	Sun Art Retail Group Ltd		678
	121,964		Sundrug Co Ltd		4,468
	488,469	e	SYSCO Corp		38,462
	17,606,149		Tesco plc		55,587
	32,667		Tsuruha Holdings, Inc		4,215
	246,322	*	United Natural Foods, Inc		8,114
	46,250		United Super Markets Holdings, Inc		488
	298,932	*	US Foods Holding Corp		11,395
	37,894		Valor Co Ltd		853
	15,190		Village Super Market (Class A)		358
	788,911		Walgreens Boots Alliance, Inc		43,311
	26,103,636	e	Wal-Mart de Mexico SAB de C.V.		82,336
	3,349,104		Walmart, Inc		454,909
	15,712		Weis Markets, Inc		888
	78,760		Welcia Holdings Co Ltd		2,702
	164,078		WM Morrison Supermarkets plc		413
	1,136,238		Woolworths Ltd		35,387

68

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	48,262		X5 Retail Group NV (GDR)	$	1,556
	7,300		YAKUODO Holdings Co Ltd		184
	18,000	e	Yaoko Co Ltd		1,107
	12,507		Yifeng Pharmacy Chain Co Ltd		170
	49,900		Yokohama Reito Co Ltd		412
	163,353		Yonghui Superstores Co Ltd		170
	89,542	*,e	Zur Rose Group AG.		33,739
			TOTAL FOOD & STAPLES RETAILING		1,788,682
FOOD, BEVERAGE & TOBACCO - 3.1%
	627,161	*	a2 Milk Co Ltd		3,786
	287,085		AAK AB		6,500
	113,281	*	Adecoagro S.A.		890
	107,730	*	AG. Barr plc		727
	13,236		Agrana Beteiligungs AG.		272
	776,663		Ajinomoto Co, Inc		15,921
	6,992		Alico, Inc		209
	102,536		Almarai Co JSC		1,422
	1,574,668		Altria Group, Inc		80,560
	4,141,709		AMBEV S.A.		11,251
	9,112,488		Anadolu Efes Biracilik Ve Malt Sanayii AS		23,294
	20,111		Angel Yeast Co Ltd		170
	690,871		Anheuser-Busch InBev S.A.		43,430
	46,168		Anhui Gujing Distillery Co Ltd		649
	8,114		Anhui Gujing Distillery Co Ltd (Class A)		261
	20,017		Anhui Kouzi Distillery Co Ltd		190
	822,695		Archer-Daniels-Midland Co		46,894
	18,072		Ariake Japan Co Ltd		1,097
	1,120,054	*	Aryzta AG.		1,238
	120,615		Asahi Breweries Ltd		5,106
	45,553	*	Aseer Trading Tourism & Manufacturing Co		297
	522,364	*	Associated British Foods plc		17,355
	27,892		Astral Foods Ltd		277
	3,404,252		Ausnutria Dairy Corp Ltd		4,467
	95,535		Austevoll Seafood ASA		1,160
	342,827	*	Australian Agricultural Co Ltd		312
	40,514		Avanti Feeds Ltd		230
	240,140		AVI Ltd		1,214
	52,826	e	B&G Foods, Inc (Class A)		1,641
	52,154	e	Bakkafrost P		4,143
	165,384	g	Bakkavor Group plc		269
	735,972		Baladna		327
	85,126	*	Balrampur Chini Mills Ltd		250
	2,529		Barry Callebaut AG.		5,726
	416,229		Becle SAB de C.V.		952
	317,584	e	Bega Cheese Ltd		1,533
	124,001		Beijing Dabeinong Technology Group Co Ltd		160
	18,700		Beijing Shunxin Agriculture Co Ltd		134
	41,869		Beijing Yanjing Brewery Co Ltd		47
	2,368		Bell AG.		709
	81,343	*,e	Beyond Meat, Inc		10,584
	3,885		Binggrae Co Ltd		206
	12,894		Bombay Burmah Trading Co		196
	18,384		Bonduelle S.C.A.		461
	14,390	*	Boston Beer Co, Inc (Class A)		17,358
	502,947	*	BRF S.A.		2,254

69

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	1,494	*	Bridgford Foods Corp	$	23
	156,300		Britannia Industries Ltd		7,772
	101,800		British American Tobacco Malaysia BHD		322
	2,032,730		British American Tobacco plc		77,265
	279,040		Britvic plc		3,213
	14,529	e	Brown-Forman Corp (Class A)		925
	60,867	e	Brown-Forman Corp (Class B)		4,198
	2,760,229	g	Budweiser Brewing Co APAC Ltd		8,262
	412,900	e	Bumitama Agri Ltd		148
	808,559		Bunge Ltd		64,094
	300,737	*	C&C Group plc		1,162
	22,122		Calavo Growers, Inc		1,718
	15,204		Calbee, Inc		388
	58,933	*	Cal-Maine Foods, Inc		2,264
	91,367		Camil Alimentos S.A.		166
	47,702		Campbell Soup Co		2,398
	152,871		Carlsberg AS (Class B)		23,444
	115,700		Carlsberg Brewery-Malay BHD		666
	46,998		CCL Products India Ltd		150
	132,408	*,e	Celsius Holdings, Inc		6,362
	14,566		Chacha Food Co Ltd		109
	115,279		Charoen Pokphand Enterprise		309
	1,483,231		Charoen Pokphand Foods PCL		1,400
	457,021	g	China Feihe Ltd		1,298
	4,375,889	*,†,e	China Huishan Dairy Holdings Co Ltd		6
	370,000	*,†	China Huiyuan Juice Group Ltd		0	^
	2,536,227		China Mengniu Dairy Co Ltd		14,611
	2,223,000	*,e	China Modern Dairy Holdings		534
	1,941,392		China Resources Beer Holdings Company Ltd		15,302
	9,027		Chongqing Brewery Co Ltd		154
	23,304		Chongqing Fuling Zhacai Group Co Ltd		150
	22,307		Chubu Shiryo Co Ltd		290
	133,140		Cia Cervecerias Unidas S.A.		1,168
	3,185		CJ CheilJedang Corp		1,159
	190,705		Cloetta AB		558
	425,938		Coca-Cola Amatil Ltd		4,356
	6,843,433		Coca-Cola Co		360,717
	7,201		Coca-Cola Consolidated Inc		2,080
	220,517		Coca-Cola European Partners plc (Class A)		11,502
	493,598		Coca-Cola Femsa SAB de C.V.		2,280
	456,877		Coca-Cola HBC AG.		14,522
	122,274		Coca-Cola Icecek AS		1,020
	77,350		Coca-Cola West Japan Co Ltd		1,350
	11,628,825		Cofco International Ltd		4,931
	1,782,000	e	COFCO Meat Holdings Ltd		922
	620,462		ConAgra Brands, Inc		23,329
	362,670		Constellation Brands, Inc (Class A)		82,689
	12,587		Corby Spirit and Wine Ltd		176
	375,743		Costa Group Holdings Ltd		1,356
	54,804		Cranswick plc		2,747
	15,163		Daesang Corp		337
	837,820	g	Dali Foods Group Co Ltd		476
	665,764		Danone		45,570
	851,272	*	Darling International, Inc		62,637
	3,710,415		Davide Campari-Milano NV		41,529
	2,893,255		Diageo plc		118,859

70

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	878		Dongwon F&B Co Ltd	$	150
	956		Dongwon Industries Co Ltd		217
	10,200		Dydo Drinco, Inc		491
	380,678		Eastern Tobacco		277
	71,786		Ebro Puleva S.A.		1,480
	368,471		Embotelladora Andina S.A.		977
	371,726		Embotelladoras Arca SAB de C.V.		1,834
	3,219		Emmi AG.		3,253
	46,415		Ezaki Glico Co Ltd		1,863
	32,752	*	Farmer Bros Co		342
	24,307		Feed One Co Ltd		201
	1,121,363		Fevertree Drinks plc		33,082
	495,300		First Resources Ltd		513
	32,900	e	Flowers Foods, Inc		783
	1,702,583	e	Fomento Economico Mexicano S.A. de C.V.		12,836
	630,245		Fomento Economico Mexicano SAB de C.V. (ADR)		47,476
	28,461		ForFarmers NV		196
	61,978		Foshan Haitian Flavouring & Food Co Ltd		1,517
	44,293		Fraser & Neave Holdings BHD		321
	74,371	*,e	Freedom Foods Group Ltd		27
	49,056		Fresh Del Monte Produce, Inc		1,404
	181,796	*	Freshpet, Inc		28,871
	5,545		Fu Jian Anjoy Foods Co Ltd		177
	52,427	e	Fuji Oil Co Ltd		1,397
	35,900		Fujian Sunner Development Co Ltd		142
	17,432		Fujicco Co Ltd		307
	11,782		Fujiya Co Ltd		242
	142,443		Futuris Corp Ltd		1,348
	456,227		General Mills, Inc		27,976
	104,936		Genting Plantations BHD		231
	402,000		GFPT PCL (Foreign)		156
	211,243		Glanbia plc		3,135
	9,104	*	Godfrey Phillips India Ltd		114
	6,816,325		Golden Agri-Resources Ltd		1,068
	443,107		Great Wall Enterprise Co		848
	565,079	*	Greencore Group plc		1,221
	56,323	*,e	Grieg Seafood ASA		558
	189,011		Gruma SAB de C.V.		2,232
	1,328,941		Grupo Bimbo S.A. de C.V. (Series A)		2,789
	148,456	e	Grupo Herdez SAB de C.V.		321
	273,200		Guan Chong Bhd		207
	35,345		Guangdong Haid Group Co Ltd		422
	114,086	*	Hain Celestial Group, Inc		4,974
	8,325		Halwani Brothers Co		251
	25,357		Harim Holdings Co Ltd		208
	213,814		Health & Happiness H&H International Holdings Ltd		813
	48,747		Heilongjiang Agriculture Co Ltd		117
	97,267	*	Heineken Holding NV		8,643
	421,761	*	Heineken NV		43,297
	71,823		Henan Shuanghui Investment & Development Co Ltd		451
	367,916		Hershey Co		58,190
	24,529		Hite Jinro Co Ltd		801
	20,400		Hokuto Corp		385
	38,302		Hormel Foods Corp		1,830
	530,938	*	Hostess Brands, Inc		7,614
	52,242	*,e	Hotel Chocolat Group Ltd		288

71

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	60,762		House Foods Corp	$	1,998
	392,000		Ichitan Group PCL		177
	798,971		Imperial Tobacco Group plc		16,380
	854,009		Indofood CBP Sukses Makmur Tbk		541
	317,307	e	Inghams Group Ltd		806
	11,757		Ingredion, Inc		1,057
	143,453		Inner Mongolia Yili Industrial Group Co Ltd		881
	9,135,000	*,†	Inti Agri Resources Tbk PT		0	^
	917,606		IOI Corp BHD		927
	2,107,250		ITC Ltd		6,306
	23,629		Ito En Ltd		1,449
	156,400		Itoham Yonekyu Holdings, Inc		1,032
	20,081		J&J Snack Foods Corp		3,153
	15,401		J.M. Smucker Co		1,949
	282,130		Japan Tobacco, Inc		5,420
	8,664,654		Japfa Comfeed Indonesia Tbk PT		1,149
	913,642		Japfa Ltd		622
	961,182		JBS S.A.		5,171
	63,265	*	JDE Peet’s BV		2,319
	29,226		Jiangsu King’s Luck Brewery JSC Ltd		220
	34,681		Jiangsu Yanghe Brewery Joint-Stock Co Ltd		876
	91,406		Jiangxi Zhengbang Technology Co Ltd		212
	8,462		JiuGui Liquor Co Ltd		197
	33,713		John B. Sanfilippo & Son, Inc		3,047
	15,346		J-Oil Mills, Inc		276
	19,264		Jonjee Hi-Tech Industrial And Commercial Holding Co Ltd		143
	56,960	*	Jubilant Ingrevia Ltd		202
	15,601		Juewei Food Co Ltd		184
	362,610		Juhayna Food Industries		131
	83,046		Kagome Co Ltd		2,638
	10,900		Kameda Seika Co Ltd		475
	37,379		Kaveri Seed Co Ltd		263
	221,419		Kellogg Co		14,016
	141,917		Kerry Group plc (Class A)		17,724
	2,951,585		Keurig Dr Pepper, Inc		101,446
	106,497		Kewpie Corp		2,422
	13,500	*	KEY Coffee, Inc		259
	1,182,200	*	Khon Kaen Sugar Industry PCL		125
	113,575	e	Kikkoman Corp		6,773
	429,953		Kirin Brewery Co Ltd		8,250
	18,780	e	Kotobuki Spirits Co Ltd		1,222
	550,952		Kraft Heinz Co		22,038
	38,108	*	KRBL Ltd		94
	46,684		KT&G Corp		3,363
	168,335		Kuala Lumpur Kepong BHD		934
	85,190		Kweichow Moutai Co Ltd		26,200
	11,919		KWS Saat AG.		1,032
	12,157		La Doria S.p.A		257
	4,071	*,e	Laird Superfood, Inc		153
	95,688		Lamb Weston Holdings, Inc		7,414
	20,929		Lancaster Colony Corp		3,670
	54,291	*	Landec Corp		575
	3,306		Lassonde Industries, Inc		452
	1,069,300		Leong Hup International BHD		178
	310,233		Leroy Seafood Group ASA		2,652

72

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	584,369		Lien Hwa Industrial Corp	$	971
	21,824	e	Limoneira Co		382
	869		Lindt & Spruengli AG.		7,570
	86		Lindt & Spruengli AG. (Registered)		7,858
	2,934		Lotte Chilsung Beverage Co Ltd		355
	1,264		Lotte Confectionery Co Ltd		149
	283		Lotte Samkang Co Ltd		95
	34,623		Luzhou Laojiao Co Ltd		1,196
	529,839		M Dias Branco S.A.		2,890
	2,709		Maeil Dairies Co Ltd		174
	84,140	e	Maple Leaf Foods, Inc		1,918
	301,299	*	Marfrig Global Foods S.A.		943
	19,300		Marudai Food Co Ltd		299
	42,400		Maruha Nichiro Corp		1,005
	65,463		McCormick & Co, Inc		5,837
	45,587		Megmilk Snow Brand Co Ltd		925
	82,922	e	MEIJI Holdings Co Ltd		5,332
	19,896		MGP Ingredients, Inc		1,177
	222,928		Minerva S.A.		404
	115,871	*	Mission Produce, Inc		2,203
	9,400		Mitsui Sugar Co Ltd		167
	236,638	*	Molson Coors Brewing Co (Class B)		12,104
	6,006,909		Mondelez International, Inc		351,584
	2,748,183	*	Monster Beverage Corp		250,332
	37,879		Morinaga & Co Ltd		1,355
	37,113		Morinaga Milk Industry Co Ltd		1,949
	367,667		Mowi ASA		9,132
	86,080		Muyuan Foodstuff Co Ltd		1,320
	12,113		Nagatanien Co Ltd		256
	123,000		Namchow Chemical Industrial Ltd		205
	40,159	*	National Agriculture Development Co		337
	17,072	e	National Beverage Corp		835
	36,087	*	Naturecell Co Ltd		319
	25,074		Nestle India Ltd		5,897
	27,514		Nestle Malaysia BHD		896
	3,458,405		Nestle S.A.		385,531
	100,105		New Hope Liuhe Co Ltd		306
	110,532	*	NewAge, Inc		316
	115,992		Nichirei Corp		2,981
	44,397		Nippon Flour Mills Co Ltd		665
	47,732		Nippon Meat Packers, Inc		2,048
	280,159		Nippon Suisan Kaisha Ltd		1,347
	22,422		Nisshin Oillio Group Ltd		661
	161,978		Nisshin Seifun Group, Inc		2,707
	39,478		Nissin Food Products Co Ltd		2,927
	361,568	e	Nissin Foods Co Ltd		276
	2,285		Nong Shim Co Ltd		573
	1,264		Nong Shim Holdings Co Ltd		85
	300,600	*,e,g	Nongfu Spring Co Ltd		1,515
	14,700	e	Norway Royal Salmon ASA		350
	61,198		Oceana Group Ltd		274
	141,583	*	Origin Enterprises plc		648
	17,170		Orion Corp		217
	9,073		Orion Corp/Republic of Korea		1,052
	6,881		Orior AG.		608
	686,880		Orkla ASA		6,736

73

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	311,217		Osotspa PCL	$	359
	480		Ottogi Corp		242
	3,250,644		PepsiCo, Inc		459,804
	181,608		Pernod-Ricard S.A.		33,993
	318		Philip Morris CR		224
	3,308,454		Philip Morris International, Inc		293,592
	68,522	*	Pilgrim’s Pride Corp		1,630
	11,060	*	Post Holdings, Inc		1,169
	254,641		PPB Group BHD		1,136
	620,032	*	Premier Foods plc		814
	38,117		Premium Brands Holdings Corp		3,632
	71,538		Prima Meat Packers Ltd		2,259
	337,201		Primo Water Corp		5,483
	150,371		Primo Water Corp (Toronto)		2,449
	386,200		PT Astra Agro Lestari Tbk		267
	6,333,518		PT Charoen Pokphand Indonesia Tbk		3,056
	201,984	*	PT Gudang Garam Tbk		504
	1,710,509		PT Indofood Sukses Makmur Tbk		779
	2,240,900		PT Perusahaan Perkebunan London Sumatra Indonesia Tbk		198
	11,410		Pulmuone Co Ltd		172
	15,036		Qianhe Condiment and Food Co Ltd		85
	818,700		QL Resources BHD		1,197
	414,100		R&B Food Supply PCL		240
	48,824		Radico Khaitan Ltd		375
	38,531		Remy Cointreau S.A.		7,117
	27,800		Riken Vitamin Co Ltd		343
	109,413	*,e	RLX Technology, Inc (ADR)		1,134
	19,325		Rock Field Co Ltd		295
	97,224	e	Rogers Sugar, Inc		424
	14,600		Rokko Butter Co Ltd		223
	26,548		Ros Agro plc (ADR)		321
	100,645		Royal Unibrew A.S.		10,521
	19,994		S Foods, Inc		685
	760,570		Saigon Beer Alcohol Beverage Corp		5,943
	30,555		Sakata Seed Corp		1,131
	57,219		Salmar ASA		3,947
	1,661		Samlip General Foods Co Ltd		107
	2,113		Samyang Corp		108
	2,084		Samyang Foods Co Ltd		164
	2,548		Samyang Holdings Corp		211
	86,837		Sanderson Farms, Inc		13,527
	19,170		Sanquan Food Co Ltd		66
	134,607		Sao Martinho S.A.		709
	63,486		Sapporo Holdings Ltd		1,317
	224,350		Saputo, Inc		6,746
	14,687	*	Saudi Fisheries Co		212
	12,193		Saudia Dairy & Foodstuff Co		539
	106,793		Savola Group		1,120
	53,509		Scandi Standard AB		388
	144,085	*,g	Scandinavian Tobacco Group A.S.		2,766
	13,107		Schouw & Co		1,371
	357		Seaboard Corp		1,317
	109,899		Select Harvests Ltd		523
	10,585	*	Seneca Foods Corp		498
	12,878		Shanghai Bairun Investment Holding Group Co Ltd		215

74

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	20,616		Shanxi Xinghuacun Fen Wine Factory Co Ltd	$	1,054
	18,687	e	Showa Sangyo Co Ltd		524
	15,601		Sichuan Swellfun Co Ltd		171
	827,678		Sime Darby Plantation BHD		927
	165,916	*	Simply Good Foods Co		5,047
	75,939		SLC Agricola S.A.		602
	490,171	*,g	Smoore International Holdings Ltd		3,015
	308,000		Standard Foods Corp		634
	14,000	e	Starzen Co Ltd		307
	52,439		Strauss Group Ltd		1,413
	71,424		Suedzucker AG.		1,211
	76,844	*,e	SunOpta, Inc		1,136
	33,823		Suntory Beverage & Food Ltd		1,261
	423,385	e	Swedish Match AB		33,029
	89,081	*,e	Synlait Milk Ltd		212
	165,000		Taisun Enterprise Co Ltd		174
	365,000	*	Taiwan TEA Corp		223
	144,703	e	Takara Holdings, Inc		1,972
	376,200		Taokaenoi Food & Marketing PCL		121
	228,230	e	Tassal Group Ltd		580
	234,085		Tata Tea Ltd		2,051
	475,704		Tate & Lyle plc		5,019
	1,404,703		Thai Union Group PCL		662
	337,269		Thai Vegetable Oil PCL (Foreign)		343
	847,400		Thaifoods Group PCL		147
	61,532		Tiger Brands Ltd		878
	815,301		Tingyi Cayman Islands Holding Corp		1,499
	18,418		Toly Bread Co Ltd		135
	98,039		Tongwei Co Ltd		494
	14,726	e	Tootsie Roll Industries, Inc		488
	47,616		Toyo Suisan Kaisha Ltd		1,998
	602,435		Treasury Wine Estates Ltd		4,748
	9,154	*	TreeHouse Foods, Inc		478
	377,471		Tsingtao Brewery Co Ltd		3,360
	20,393		Tsingtao Brewery Co Ltd (Class A)		264
	24,000		Ttet Union Corp		119
	9,015		Turning Point Brands, Inc		470
	56,382		Tyson Foods, Inc (Class A)		4,189
	113,175	*	Ulker Biskuvi Sanayi AS		289
	544,616		Uni-President China Holdings Ltd		663
	2,955,384		Uni-President Enterprises Corp		7,589
	278,101		United Malt Grp Ltd		861
	119,241	*	United Spirits Ltd		910
	36,246		Universal Corp		2,138
	342,780		Universal Robina		942
	75,906		Varun Beverages Ltd		1,043
	210,743		Vector Group Ltd		2,940
	7,812		Vilmorin & Cie		555
	381,291		Vina Concha y Toro S.A.		655
	69,489		Viscofan S.A.		4,803
	102,153	*,e	Vital Farms, Inc		2,231
	768,000	e	Vitasoy International Holdings Ltd		2,956
	2,035,694		Want Want China Holdings Ltd		1,529
	212,561		Wei Chuan Food Corp		161
	159,170		Wens Foodstuffs Group Co Ltd		412
	10,971,500	g	WH Group Ltd		8,914

75

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	1,062,142		Wilmar International Ltd	$	4,290
	363,351		Wuliangye Yibin Co Ltd		14,947
	102,025		Yakult Honsha Co Ltd		5,162
	70,420	e	Yamazaki Baking Co Ltd		1,138
	431,407		Yihai International Holding Ltd		4,501
	61,600	*	Yihai Kerry Arawana Holdings Co Ltd		737
	37,117	*	Yuan Longping High-tech Agriculture Co Ltd		101
	447,000	e,g	Zhou Hei Ya International Holdings Co Ltd		470
	9,651	*	Zydus Wellness Ltd		260
			TOTAL FOOD, BEVERAGE & TOBACCO		4,053,809
HEALTH CARE EQUIPMENT & SERVICES - 5.2%
	235,996	*	1Life Healthcare, Inc		9,223
	2,779,370		Abbott Laboratories		333,080
	20,615	*	Abiomed, Inc		6,571
	98,837	*,e	Acadia Healthcare Co, Inc		5,648
	167,518	*	Accelerate Diagnostics, Inc		1,394
	31,623	*,e	Accolade, Inc		1,435
	63,448	*	Accuray, Inc		314
	9,578	*	Acutus Medical, Inc		128
	93,419	*	AdaptHealth Corp		3,434
	15,295	*	Addus HomeCare Corp		1,600
	190,324		Advanced Medical Solutions Group plc		613
	133,397	*	AGFA-Gevaert NV		619
	837,576		Aier Eye Hospital Group Co Ltd		7,609
	171,477	e,g	AK Medical Holdings Ltd		219
	133,871	*	Al Hammadi Co for Development and Investment		1,038
	1,176,016		Alcon, Inc		82,527
	37,095		Alfresa Holdings Corp		716
	5,783,829	*	Alibaba Health Information Technology Ltd		16,526
	191,223	*	Align Technology, Inc		103,553
	48,540		Alliar Medicos A Frente S.A.		78
	290,534	*	Allscripts Healthcare Solutions, Inc		4,362
	219,440	*	Alphatec Holdings Inc		3,465
	72,944	g	Ambea AB		605
	136,808	e	Ambu A.S.		6,425
	51,978	*	Amedisys, Inc		13,763
	90,900	*,e	American Well Corp		1,579
	174,551		AmerisourceBergen Corp		20,609
	49,082	*	AMN Healthcare Services, Inc		3,617
	250,064		Amplifon S.p.A.		9,305
	11,696		Andlauer Healthcare Group, Inc		328

76

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	76,245	*	Angiodynamics, Inc	$	1,784
	299,634		Ansell Ltd		8,958
	482,026	*	Antares Pharma, Inc		1,981
	806,747		Anthem, Inc		289,582
	76,929		Apollo Hospitals Enterprise Ltd		3,061
	18,945	*,e	Apollo Medical Holdings, Inc		513
	6,801	*	Apria, Inc		190
	37,101	*	Apyx Medical Corp		358
	372,896		Arjo AB		2,776
	28,507		As One Corp		3,588
	175,640		Asahi Intecc Co Ltd		4,848
	28,786	*	Ascom Holding AG.		443
	71,343	*,e	Aspira Women’s Health, Inc		482
	92,154	*,g	Aster DM Healthcare Ltd		174
	116,050	*	AtriCure, Inc		7,604
	1,076		Atrion Corp		690
	103,575	*,e,g	Attendo AB		588
	445,304		Australian Pharmaceutical Industries Ltd		433
	2,822		Autobio Diagnostics Co Ltd		47
	22,074	*,e	Avalon GloboCare Corp		24
	74,820	*	Avanos Medical, Inc		3,273
	36,480	*	AxoGen, Inc		739
	21,962	*,e	Axonics Modulation Technologies, Inc		1,315
	18,869	*,e	Bactiguard Holding AB		373
	1,098,856		Bangkok Chain Hospital PCL		518
	3,577,271		Bangkok Dusit Medical Services PCL (Foreign)		2,464
	2,842,131		Baxter International, Inc		239,705
	78,349		Becton Dickinson & Co		19,051
	55,750	*,e	Beijing Chunlizhengda Medical Instruments Co Ltd		134
	6,073	*,e	Bellerophon Therapeutics, Inc		32
	16,800	*,e	Beyond Air, Inc		92
	54,295	*,e,g	Biocartis NV		285
	1,232	*	Biodesix, Inc		25
	14,754	*	BioLife Solutions Inc		531
	53,914	e	BioMerieux		6,859
	27,401	*,e	BioSig Technologies Inc		118
	3,469	*	Bioventus, Inc		53
	23,345		BML, Inc		808
	52,538		Boditech Med, Inc		785
	5,845,349	*	Boston Scientific Corp		225,923
	295,862	*	Brookdale Senior Living, Inc		1,790
	164,738		Bumrungrad Hospital PCL (Foreign)		719
	70,150	*	Cantel Medical Corp		5,601
	385,388		Cardinal Health, Inc		23,412

77

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	28,368	*	Cardiovascular Systems, Inc	$	1,088
	202,900		Careplus Group Bhd		62
	78,440		Carl Zeiss Meditec AG.		11,824
	12,010	*	Castle Biosciences, Inc		822
	15,169		Cellavision AB		563
	28,009	*	Celltrion Healthcare Co Ltd		3,381
	1,217,511	*	Centene Corp		77,811
	424,417		Cerner Corp		30,507
	48,430	*	Certara, Inc		1,322
	120,568	*	Cerus Corp		725
	29,513	*	Chabiotech Co Ltd		493
	316,765	*	Change Healthcare, Inc		7,001
	15,519	*,e	Chembio Diagnostics, Inc		54
	21,008		Chemed Corp		9,660
	13,813		China National Accord Medicines Corp Ltd		89
	13,892		China National Medicines Corp Ltd		72
	672,500		China Resources Phoenix Healthcare Holdings Co Ltd		532
	3,667,974		Chularat Hospital PCL		343
	1,419,978		Cigna Corp		343,265
	870,874	*	Cleopatra Hospital		255
	356,000	e	C-Mer Eye Care Holdings Ltd		253
	172,095		Cochlear Ltd		27,682
	196,403	*,e	Co-Diagnostics, Inc		1,874
	50,660		Coloplast AS		7,617
	5,413		Coltene Holding AG.		692
	373,293	*	Community Health Systems, Inc		5,047
	25,220		CompuGroup Medical SE & Co KgaA		2,132
	21,020		Computer Programs & Systems, Inc		643
	73,321		Conmed Corp		9,575
	1,558,903	g	ConvaTec Group plc		4,214
	269,650		Cooper Cos, Inc		103,570
	6,500	*	Corvel Corp		667
	285,032	*	Covetrus, Inc		8,542
	18,119		Craneware plc		537
	108,041	*	Cross Country Healthcare, Inc		1,349
	31,336	*	CryoLife, Inc		708
	67,813	*,e	CryoPort, Inc		3,527
	13,661	*	Cutera, Inc		411
	68,206	*	CVS Group plc		1,763
	1,787,462		CVS Health Corp		134,471
	106,831	*,e	CYBERDYNE, Inc		619
	33,393	*,e	CytoSorbents Corp		290
	23,238		Dallah Healthcare Co		327
	1,453,897		Danaher Corp		327,243

78

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	84,325	*	DaVita, Inc	$	9,088
	7,389	*	Demant A.S.		313
	5,075		Dentium Co Ltd		288
	312,509		Dentsply Sirona, Inc		19,941
	427,010	*	DexCom, Inc		153,463
	26,226		DiaSorin S.p.A.		4,208
	7,634	*	DIO Corp		253
	21,576	g	Dr Lal PathLabs Ltd		800
	46,097		Dr Sulaiman Al Habib Medical Services Group Co		1,525
	14,558		Draegerwerk AG.		1,171
	3,463		Draegerwerk AG. & Co KGaA		263
	85,159	*,e	Eargo, Inc		4,254
	43,003		Eckert & Ziegler Strahlen- und Medizintechnik AG.		3,433
	425,006	*	Edwards Lifesciences Corp		35,548
	29,700		Eiken Chemical Co Ltd		581
	12,093		El.En. S.p.A		496
	222,138		Elan Corp		2,825
	33,190	*	Electromed, Inc		350
	377,679	e	Elekta AB (B Shares)		4,899
	37,200		EM Systems Co Ltd		285
	58,152		EMIS Group plc		882
	154,688	e	Encompass Health Corp		12,669
	91,603		Ensign Group, Inc		8,596
	1,785,244	*	Envista Holdings Corp		72,838
	84,537	*	Enzo Biochem, Inc		291
	288,640	*	Evolent Health, Inc		5,831
	2,936	*	Exagen, Inc		51
	88,418	e	Extendicare, Inc		542
	61,251		Fagron NV		1,359
	761,094		Fisher & Paykel Healthcare Corp		17,088
	34,937	*,e	Five Star Senior Living, Inc		214
	164,306		Fleury S.A.		747
	8,920	*	FONAR Corp		161
	346,025	*	Fortis Healthcare Ltd		945
	295,013		Fresenius Medical Care AG.		21,731
	134,442		Fresenius SE		5,991
	10,657	*,e	Fulgent Genetics, Inc		1,030
	113,542	g	Galenica AG.		7,079
	717,675	g	Genertec Universal Medical Group Company Limited		590
	293,372	*	GenMark Diagnostics, Inc		7,012
	434,461		Getinge AB (B Shares)		12,066
	176,282		Ginko International Co Ltd		1,114
	31,581	*	Glaukos Corp		2,651
	47,330	*	Globus Medical, Inc		2,919

79

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	149,630		GN Store Nord	$	11,777
	126,588	*,e	GoodRx Holdings, Inc		4,939
	19,638		Guangzhou Kingmed Diagnostics Group Co Ltd		382
	8,538		Guangzhou Wondfo Biotech Co Ltd		107
	611,018	*,e	Guardant Health, Inc		93,272
	6,455		Guerbet		251
	118,269	*,g	GVS S.p.A		1,860
	19,949	*	Haemonetics Corp		2,215
	53,385	*	Hanger Inc		1,218
	415,166	g	Hapvida Participacoes e Investimentos S.A.		1,098
	685,382		Hartalega Holdings BHD		1,477
	672,410		HCA Healthcare, Inc		126,642
	530,973		Healius Ltd		1,652
	134,447	*,e	Health Catalyst, Inc		6,288
	82,740	*	HealthEquity, Inc		5,626
	48,077	*	HealthStream, Inc		1,074
	155,631	*	Henry Schein, Inc		10,776
	13,145	*	Heska Corp		2,214
	53,851		Hill-Rom Holdings, Inc		5,949
	60,434	*	HLB Life Science CO Ltd		639
	21,454		HLS Therapeutics, Inc		333
	149,395	*	HMS Holdings Corp		5,524
	24,400		Hogy Medical Co Ltd		744
	622,094	*	Hologic, Inc		46,271
	515,573	*	Hoya Corp		60,681
	38,478		Huadong Medicine Co Ltd		218
	371,582		Humana, Inc		155,786
	314,184		Ibnsina Pharma SAE		88
	13,957	*,e	iCAD, Inc		296
	4,440	*	ICU Medical, Inc		912
	190,675	*	IDEXX Laboratories, Inc		93,299
	857,089		IHH Healthcare BHD		1,100
	18,194	*	Immunovia AB		239
	61,614	*,e	Inari Medical, Inc		6,593
	25,310	*	InfuSystem Holdings, Inc		515
	17,687	*,e	Inmode Ltd		1,280
	19,430	*	Inogen, Inc		1,020
	449,210	*,e	Inovalon Holdings, Inc		12,928
	29,761	*	Inspire Medical Systems, Inc		6,160
	42,583		Instituto Hermes Pardini S.A.		156
	102,413	*	Insulet Corp		26,722
	16,056		Intco Medical Technology Co Ltd		396
	72,468	*	Integer Holding Corp		6,674
	11,761	*	Integra LifeSciences Holdings Corp		813

80

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	150,832		Integral Diagnostics Ltd	$	545
	164,619	*	Intersect ENT, Inc		3,437
	14,120	*,e	IntriCon Corp		362
	130,543	*	Intuitive Surgical, Inc		96,463
	57,795		Invacare Corp		464
	24,065	e	Ion Beam Applications		463
	12,844	*,e	iRadimed Corp		331
	30,461	*,e	iRhythm Technologies, Inc		4,230
	326,000		IVD Medical Holding Ltd		91
	29,694		Jafron Biomedical Co Ltd		345
	56,900		Japan Lifeline Co Ltd		722
	16,200		Japan Medical Dynamic Marketing, Inc		332
	37,688		Jeol Ltd		1,501
	17,050		Jiangsu Yuyue Medical Equipment & Supply Co Ltd		69
	1,149,109	g	Jinxin Fertility Group Ltd		2,486
	17,500	*	JMDC, Inc		825
	39,258	*,e	Joint Corp		1,899
	32,168	*	Jointown Pharmaceutical Group Co Ltd		89
	1,180,448		Koninklijke Philips Electronics NV		67,315
	70,780		Korian-Medica		2,456
	497,849		Kossan Rubber Industries		392
	1,756,328		KPJ Healthcare BHD		436
	123,530	*	Laboratory Corp of America Holdings		31,504
	244,484	*	Lantheus Holdings, Inc		5,225
	5,499		Le Noble Age		295
	14,403		LeMaitre Vascular, Inc		703
	14,534	*	LENSAR, Inc		106
	23,113		Lepu Medical Technology Beijing Co Ltd		104
	41,097	*	LHC Group, Inc		7,858
	16,733,547	*	Life Healthcare Group Holdings Pte Ltd		20,965
	2,704,000	*	Lifetech Scientific Corp		1,249
	86,065	*	LivaNova plc		6,346
	5,400	*	Lucira Health, Inc		65
	256,916		M3, Inc		17,637
	62,978	*	Magellan Health Services, Inc		5,872
	71,363		Mani, Inc		1,796
	37,352	*	Masimo Corp		8,578
	302,796		McKesson Corp		59,057
	7,023	*,g	Medacta Group S.A.		755
	4,706	*,g	Medartis Holding AG.		322
	23,100		Medical Data Vision Co Ltd		448
	105,540		Medicare Group		281
	60,232		Mediceo Paltac Holdings Co Ltd		1,158
	405,977	*	Mediclinic International plc		1,601

81

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	10,358	*	Medios AG.	$	443
	10,965	*	Medipost Co Ltd		336
	19,200	*,e	Medley, Inc		768
	117,404	*	MEDNAX, Inc		2,990
	12,700	*	MedPeer, Inc		753
	442,300		Medtecs International Corp Ltd		306
	5,073,764		Medtronic plc		599,364
	89,808	*	Meinian Onehealth Healthcare Holdings Co Ltd		212
	28,842		Menicon Co Ltd		1,705
	2,975		Mercator Medical S.A.		261
	170,906	*	Meridian Bioscience, Inc		4,486
	51,125	*	Merit Medical Systems, Inc		3,061
	3,411		Mesa Laboratories, Inc		831
	217		Metall Zug AG.(B Shares)		466
	8,566,500	*	Metro Healthcare Indonesia TBK PT		200
	20,507	g	Metropolis Healthcare Ltd		629
	1,333,195	e	Microport Scientific Corp		7,569
	27,828	*	Middle East Healthcare Co		261
	43,406	*,e	Milestone Scientific, Inc		155
	51,400	*	Miraca Holdings, Inc		1,727
	29,806	*	Misonix Inc		584
	60,334	*,g	MLP Saglik Hizmetleri AS.		152
	56,665	*,e	ModivCare, Inc		8,393
	113,462	*	Molina Healthcare, Inc		26,523
	37,468		Mouwasat Medical Services Co		1,569
	22,236		Nagaileben Co Ltd		551
	71,222		Nakanishi, Inc		1,485
	257,944	*	Nanosonics Ltd		1,122
	10,977	*,e	Nano-X Imaging Ltd		455
	74,294	*,e	NantHealth, Inc		239
	54,229	*	Narayana Hrudayalaya Ltd		302
	18,865		National Healthcare Corp		1,470
	18,575		National Medical Care Co		265
	10,627	*	National Research Corp		498
	130,179	*	Natus Medical, Inc		3,334
	5,508	*,e	Nemaura Medical, Inc		42
	147,621	*	Neogen Corp		13,122
	923,989	*	Network Healthcare Holdings Ltd		892
	1,812		Neuca S.A.		320
	283,343	*	Nevro Corp		39,526
	87,333	*	NextGen Healthcare, Inc		1,581
	81,877		Nihon Kohden Corp		2,392
	137,552	e	Nipro Corp		1,665
	159,379	*,†	NMC Health plc		2

82

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	14,098	g	NNIT A.S.	$	236
	198,450	*	Notre Dame Intermedica Participacoes S.A.		2,919
	163,753	*	Novocure Ltd		21,645
	91,264	*,e	NuVasive, Inc		5,983
	259,024	*,e	Oak Street Health, Inc		14,057
	625,071		Oceania Healthcare Ltd		559
	196,275		Odontoprev S.A.		459
	517,238		Olympus Corp		10,730
	64,545	*	Omnicell, Inc		8,382
	5,578	*,e	Ontrak, Inc		182
	24,938	*	OptimizeRx Corp		1,216
	446,662	*	Option Care Health, Inc		7,924
	71,355	*	OraSure Technologies, Inc		833
	130,251	e	Oriola-KD Oyj (B Shares)		313
	71,389		Orpea		8,267
	617,939	*	Ortho Clinical Diagnostics Holdings plc		11,923
	73,806	*,e	Orthofix Medical Inc		3,200
	8,987	*,e	OrthoPediatrics Corp		438
	33,945		Osstem Implant Co Ltd		2,561
	19,441	*,e	Outset Medical, Inc		1,057
	10,477		Ovctek China, Inc		145
	238,624		Owens & Minor, Inc		8,970
	43,544		Paramount Bed Holdings Co Ltd		928
	280,554		Patterson Cos, Inc		8,964
	46,032	*	PAVmed, Inc		204
	20,000		Pegavision Corp		269
	25,722	*	Pennant Group, Inc		1,178
	13,354	*,e	Penumbra, Inc		3,613
	38,612	*,e	PetIQ, Inc		1,361
	5,175		Pharmagest Inter@ctive		578
	242,364	*	Phreesia, Inc		12,627
	79,000	*,†	Pihsiang Machinery Manufacturing Co Ltd		0	^
	201,259	*,e,g	Ping An Healthcare and Technology Co Ltd		2,540
	590,586	*,e	PolyNovo Ltd		1,222
	137,196		Premier, Inc		4,644
	49,263		Pro Medicus Ltd		1,553
	13,737	*,e	Progenity, Inc		65
	92,916	*	Progyny, Inc		4,136
	28,385	*	Pulmonx Corp		1,298
	10,275	*,e	Pulse Biosciences, Inc		243
	172,663		Qualicorp S.A.		931
	195,844		Quest Diagnostics, Inc		25,135
	16,712	*	Quidel Corp		2,138
	60,744	*	Quotient Ltd		224

83

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	731,080	*	R1 RCM, Inc	$	18,043
	32,739	*	RadNet, Inc		712
	1,066,399		Raffles Medical Group Ltd		889
	82,466		Ramsay Health Care Ltd		4,212
	50,078	*,e	Repro-Med Systems, Inc		176
	57,178		Resmed, Inc		11,094
	10,441	*,e	Retractable Technologies, Inc		134
	21,433		Revenio Group Oyj		1,273
	79,041	*,e	Rockwell Medical, Inc		92
	305,899		Ryman Healthcare Ltd		3,274
	33,344		Sartorius AG.		16,624
	31,761	*	Saudi Chemical Co		302
	43,141	*,e	Schrodinger, Inc		3,291
	41,014	*	SeaSpine Holdings Corp		714
	14,293	*	Sedana Medical AB		538
	67,394		Selcuk Ecza Deposu Ticaret ve Sanayi AS		86
	546,879	*	Select Medical Holdings Corp		18,649
	10,707		Shandong Pharmaceutical Glass Co Ltd		65
	1,010,682		Shandong Weigao Group Medical Polymer Co Ltd		2,004
	19,941		Shanghai Kindly Medical Instruments Co Ltd		79
	46,232		Shanghai Pharmaceuticals Holding Co Ltd		139
	334,527		Shanghai Pharmaceuticals Holding Co Ltd (Hong Kong)		658
	12,723	*,e	Sharps Compliance Corp		183
	200,434		Shenzhen Mindray Bio-Medical Electronics Co Ltd		12,274
	116,536		Ship Healthcare Holdings, Inc		3,280
	73,924	*	Shockwave Medical Inc		9,629
	125,477	*	SI-BONE, Inc		3,991
	339,940	g	Siemens Healthineers AG.		18,425
	69,687	e	Sienna Senior Living, Inc		794
	41,031	*,e	Sientra, Inc		299
	1,016,691	*	Sigma Healthcare Ltd		525
	35,280	*	Signify Health, Inc		1,032
	48,823	*	Silk Road Medical Inc		2,473
	11,763		Simulations Plus, Inc		744
	552,587		Sinopharm Group Co		1,339
	861,125		Smith & Nephew plc		16,348
	2,800		Software Service, Inc		275
	49,800		Solasto Corp		644
	4,981	*	Soliton Inc		88
	929,353		Sonic Healthcare Ltd		24,852
	56,831	*	Sonova Holdings AG		15,065
	271,185	g	Spire Healthcare Group plc		625
	389,100		Sri Trang Gloves Thailand PCL		511
	37,000		St. Shine Optical Co Ltd		447

84

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	67,375	*	Staar Surgical Co	$	7,102
	98,755	*	Stereotaxis, Inc		664
	129,528		STERIS plc		24,673
	9,526		STRATEC Biomedical AG.		1,287
	10,957	e	Straumann Holding AG.		13,680
	315,874		Stryker Corp		76,941
	4,634		Suheung Capsule Co Ltd		210
	225,979		Summerset Group Holdings Ltd		1,919
	610,960		Supermax Corp BHD		562
	225,192	*	Surgalign Holdings, Inc		491
	42,242	*	Surgery Partners, Inc		1,870
	12,120	*	SurModics, Inc		680
	23,446		Suzuken Co Ltd		917
	189,413		Sysmex Corp		20,446
	15,811	*,e	Tabula Rasa HealthCare, Inc		728
	13,420	*	Tactile Systems Technology, Inc		731
	40,000		TaiDoc Technology Corp		261
	7,898	*	Talis Biomedical Corp		102
	91,833	*	Tandem Diabetes Care, Inc		8,104
	4,674	*	Tela Bio, Inc		70
	137,646	*,e	Teladoc, Inc		25,017
	74,821		Teleflex, Inc		31,085
	227,622	*	Tenet Healthcare Corp		11,836
	710,256		Terumo Corp		25,703
	399,311		Thonburi Healthcare Group PCL		336
	14,164	g	Thyrocare Technologies Ltd		175
	85,962	*	Tivity Health, Inc		1,919
	144,130		Toho Pharmaceutical Co Ltd		2,649
	15,309		Tokai Corp (GIFU)		334
	1,939,286		Top Glove Corp BHD		2,116
	14,480	*	Topchoice Medical Corp		556
	2,414,000	*,e	Town Health International Medical Group Ltd		118
	65,306	*	Transmedics Group, Inc		2,710
	33,159	*,e	Triple-S Management Corp (Class B)		863
	230,380		Uniphar plc		687
	1,586,809		United Drug plc		17,183
	2,237,029		UnitedHealth Group, Inc		832,331
	80,315		Universal Health Services, Inc (Class B)		10,713
	29,000		Universal Vision Biotechnology Co Ltd		329
	9,130		US Physical Therapy, Inc		950
	4,093		Utah Medical Products, Inc		354
	6,477		Value Added Technologies Co Ltd		175
	20,903	*,e	Vapotherm, Inc		502
	54,318	*	Varex Imaging Corp		1,113

85

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	15,580	*	Varian Medical Systems, Inc	$	2,750
	219,983	*	Veeva Systems, Inc		57,468
	394,211	*,e	Venus Concept, Inc		926
	29,108	*	Viemed Healthcare, Inc		295
	36,576	*,e	Viemed Healthcare, Inc (Toronto)		372
	6,352		Vieworks Co Ltd		203
	446,300	*	ViewRay, Inc		1,941
	36,600		VITAL KSK Holdings, Inc		261
	23,725	*	Vocera Communications, Inc		912
	97,482	*,e	VolitionRX Ltd		369
	124,471	*,e	Well Health Technologies Corp		711
	348,832		West Pharmaceutical Services, Inc		98,294
	43,672		Winning Health Technology Group Co Ltd		110
	166,561	*	Xvivo Perfusion AB		5,217
	3,336	e	Ypsomed Holding AG.		559
	2,138,913		Zimmer Biomet Holdings, Inc		342,397
	13,439	*,e	Zynex Inc		205
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		6,890,427
HOUSEHOLD & PERSONAL PRODUCTS - 1.5%
	6,921		Aekyung Industrial Co Ltd		152
	392,675		Amorepacific Corp		90,182
	67,044		Bajaj Corp Ltd		239
	167,482		Beiersdorf AG.		17,696
	194,354	*	BellRing Brands, Inc		4,589
	5,499,000	†,e	Best World International Ltd		2,780
	13,857	e	Blackmores Ltd		842
	276,735		BWX Ltd		973
	45,297		By-health Co Ltd		198
	39,940		C&S Paper Co Ltd		158
	49,802	*	Central Garden & Pet Co		2,889
	191,768	*	Central Garden and Pet Co (Class A)		9,951
	38,000		Chlitina Holding Ltd		317
	91,620		Church & Dwight Co, Inc		8,003
	461,644		Clorox Co		89,042
	1,246,633		Colgate-Palmolive Co		98,272
	50,183		Colgate-Palmolive India Ltd		1,072
	5,704	*	Cosmax, Inc		617
	44,099	*,e	Coty, Inc		397
	205,460		Dabur India Ltd		1,521
	14,830		Earth Chemical Co Ltd		894
	87,421		Edgewell Personal Care Co		3,462
	499,000	*	elf Beauty, Inc		13,388
	160,631		Emami Ltd		1,069

86

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	99,168		Energizer Holdings, Inc	$	4,707
	513,753	e	Essity AB		16,237
	916,786		Estee Lauder Cos (Class A)		266,647
	77,100	*	Euglena Co Ltd		739
	81,284		Fancl Corp		2,747
	5,042		Gillette India Ltd		407
	161,050	*	Godrej Consumer Products Ltd		1,611
	87,000		Grape King Industrial Co		555
	257,636		Hengan International Group Co Ltd		1,694
	106,680		Henkel KGaA		10,569
	150,408		Henkel KGaA (Preference)		16,911
	19,985	*	Herbalife Nutrition Ltd		887
	906,540		Hindustan Lever Ltd		30,236
	24,283	*	Hyundai Bioscience Co Ltd		924
	4,492,104		Industri Jamu Dan Farmasi Sido Muncul Tbk PT		243
	14,833	e	Inter Parfums S.A.		894
	12,999		Inter Parfums, Inc		922
	41,548	g	Jamieson Wellness, Inc		1,216
	106,198	*	Jyothy Laboratories Ltd		199
	421,869		Kao Corp		27,915
	92,957		Kimberly-Clark Corp		12,926
	1,345,118		Kimberly-Clark de Mexico S.A. de C.V. (Class A)		2,299
	874,975	e	Kitanotatsujin Corp		5,050
	2,260		Kobayashi Pharmaceutical Co Ltd		211
	5,475		Kolmar BNH Co Ltd		267
	10,936		Kolmar Korea Co Ltd		557
	5,757		Korea Kolmar Holdings Co Ltd		147
	13,868		Kose Corp		1,966
	8,688		LG Household & Health Care Ltd		12,056
	878		LG Household & Health Care Ltd (Preference)		532
	16,409	*	Lifevantage Corp		153
	126,950		Lion Corp		2,475
	302,611		L’Oreal S.A.		115,925
	40,572		Mandom Corp		767
	199,208		Marico Ltd		1,123
	28,790		Medifast, Inc		6,098
	225,000	*	Microbio Co Ltd		541
	24,998		Milbon Co Ltd		1,374
	758,764	*	Natura & Co Holding S.A.		6,489
	18,405		Nature’s Sunshine Products, Inc		367
	14,400		Noevir Holdings Co Ltd		654
	8,537		Nu Skin Enterprises, Inc (Class A)		452
	8,269		Oil-Dri Corp of America		285
	67,456	e	Ontex Group NV		710

87

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	97,739		Pacific Corp	$	5,626
	60,061		Pigeon Corp		2,278
	110,465		Pola Orbis Holdings, Inc		2,664
	4,963,830		Procter & Gamble Co		672,252
	4,198		Proya Cosmetics Co Ltd		102
	2,949,510		PT Unilever Indonesia Tbk		1,335
	194,501		PZ Cussons plc		715
	1,012,196		Reckitt Benckiser Group plc		90,602
	6,387	*	Revlon, Inc (Class A)		79
	73,006		Reynolds Consumer Products, Inc		2,174
	97,645		Rohto Pharmaceutical Co Ltd		2,611
	22,455		Sarantis S.A.		228
	17,953		Shanghai Jahwa United Co Ltd		132
	7,000	*,e	Shinnihonseiyaku Co Ltd		148
	568,326		Shiseido Co Ltd		38,222
	38,899		Spectrum Brands Holdings, Inc		3,306
	14,200		ST Corp		251
	86,391		TCI Co Ltd		657
	288,999		Uni-Charm Corp		12,135
	2,673,175		Unilever plc		149,162
	262,845		Unilever plc		14,666
	55,859	*	USANA Health Sciences, Inc		5,452
	172,442	*,e	Veru, Inc		1,858
	153,536	e	Vinda International Holdings Ltd		520
	14,146		WD-40 Co		4,331
	33,500		YA-MAN Ltd		477
	47	*,e	Yatsen Holding Ltd (ADR)		1
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		1,920,371
INSURANCE - 2.2%
	13,147		Admiral Group plc		562
	122,045		Aegon NV		580
	967,875		Aflac, Inc		49,536
	83,650	e	Ageas		5,051
	13,233,122		AIA Group Ltd		161,931
	12,768	*	Al Rajhi Co for Co-operative Insurance		300
	21,038	*	Alleghany Corp		13,176
	359,472		Allianz AG.		91,434
	451,193		Allstate Corp		51,842
	141,907		Alm Brand AS		1,665
	70,219	*	AMBAC Financial Group, Inc		1,175
	247,069		American Equity Investment Life Holding Co		7,790
	143,748		American Financial Group, Inc		16,402
	2,863,735		American International Group, Inc		132,333

88

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	10,187		American National Group, Inc	$	1,099
	29,903		Amerisafe, Inc		1,914
	166,999		Anadolu Sigorta		132
	73,200	*	Anicom Holdings, Inc		667
	381,478		Aon plc		87,782
	523,362	*	Arch Capital Group Ltd		20,081
	51,124	*	Argo Group International Holdings Ltd		2,573
	258,224		Arthur J. Gallagher & Co		32,219
	143,865		ASR Nederland NV		6,430
	984,061		Assicurazioni Generali S.p.A.		19,661
	83,098		Assurant, Inc		11,781
	108,974		Assured Guaranty Ltd		4,607
	309,367	*	Athene Holding Ltd		15,592
	76,718		AUB Group Ltd		1,123
	5,018,283		Aviva plc		28,286
	1,575,880		AXA S.A.		42,303
	115,841		Axis Capital Holdings Ltd		5,742
	42,235	*	Bajaj Finserv Ltd		5,602
	62,159		Baloise Holding AG.		10,570
	481,500		Bangkok Life Assurance PCL		401
	618,946		BB Seguridade Participacoes S.A.		2,667
	2,298,188	*	Beazley plc		11,139
	122,733	*	Brighthouse Financial, Inc		5,431
	427,683		Brown & Brown, Inc		19,549
	130,254	*,e	BRP Group, Inc		3,549
	20,839	*	Bupa Arabia for Cooperative Insurance Co		666
	6,998,807		Cathay Financial Holding Co Ltd		11,785
	5,042,625		China Development Financial Holding Corp		1,860
	1,476,532		China Insurance International Holdings Co Ltd		3,020
	6,550,790		China Life Insurance Co Ltd		13,614
	174,875		China Life Insurance Co Ltd (Class A)		853
	1,417,437		China Life Insurance Co Ltd (Taiwan)		1,281
	376,800		China Pacific Insurance Group Co Ltd		2,183
	2,453,409		China Pacific Insurance Group Co Ltd (Hong Kong)		9,711
	1,400,143		Chubb Ltd		221,181
	204,144		Cincinnati Financial Corp		21,045
	72,976	*,e	Citizens, Inc (Class A)		423
	50,886	*	Clal Insurance		838
	37,152		CNA Financial Corp		1,658
	11,676		CNP Assurances		221
	20,328	*	Co for Cooperative Insurance		425
	216,340		Conseco, Inc		5,255
	3,630,000	*,†,e	Convoy Financial Holdings Ltd		5
	32,971		Crawford & Co		351

89

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	794,362		Dai-ichi Mutual Life Insurance Co	$	13,655
	92,990		Direct Line Insurance Group plc		401
	156,575	*	Discovery Holdings Ltd		1,405
	21,837		Donegal Group, Inc (Class A)		324
	46,752		Dongbu Insurance Co Ltd		1,955
	24,363	*	eHealth, Inc		1,772
	43,915		Employers Holdings, Inc		1,891
	18,873	*	Enstar Group Ltd		4,657
	38,596		Erie Indemnity Co (Class A)		8,526
	165,909		Everest Re Group Ltd		41,114
	26,760		Fairfax Financial Holdings Ltd		11,681
	32,126	e	Fanhua, Inc (ADR)		448
	15,715		FBL Financial Group, Inc (Class A)		879
	8,208		FedNat Holding Co		38
	364,466		Fidelity National Financial Inc		14,819
	202,978	e	First American Financial Corp		11,499
	5,875,613		Fubon Financial Holding Co Ltd		11,725
	810,671	*	Genworth Financial, Inc (Class A)		2,691
	106,958		Gjensidige Forsikring BA		2,508
	148,245		Globe Life, Inc		14,325
	58,137	*,e	GoHealth, Inc		680
	18,601		Goosehead Insurance, Inc		1,994
	283,598		Great-West Lifeco, Inc		7,546
	56,703	*,e	Greenlight Capital Re Ltd (Class A)		493
	43,938		Grupo Catalana Occidente S.A.		1,752
	5,849		Hannover Rueckversicherung AG.		1,068
	51,631	e	Hanover Insurance Group, Inc		6,684
	233,773		Hanwha Life Insurance Co Ltd		662
	115,642		Harel Insurance Investments & Finances Ltd		1,169
	1,400,261		Hartford Financial Services Group, Inc		93,523
	9,409	e	HCI Group, Inc		723
	665,609	*,g	HDFC Life Insurance Co Ltd		6,352
	37,694		Helvetia Holding AG.		4,425
	80,682		Heritage Insurance Holdings, Inc		894
	353,085		Hiscox Ltd		4,181
	64,366		Horace Mann Educators Corp		2,781
	218,949		Hubei Biocause Pharmaceutical Co Ltd		138
	62,338		Hyundai Marine & Fire Insurance Co Ltd		1,351
	109,145		iA Financial Corp, Inc		5,934
	281,444	g	ICICI Lombard General Insurance Co Ltd		5,532
	305,288	*,g	ICICI Prudential Life Insurance Co Ltd		1,864
	9,077		IDI Insurance Co Ltd		344
	7,398		Independence Holding Co		295
	2,312,265		Insurance Australia Group Ltd		8,237

90

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	178,666		Intact Financial Corp	$	21,894
	1,423		Investors Title Co		236
	731,400		IRB Brasil Resseguros S		797
	43,446	e	James River Group Holdings Ltd		1,982
	1,447,600		Japan Post Holdings Co Ltd		12,901
	216,200		Japan Post Insurance Co Ltd		4,441
	1,072,025	*,e	Just Retirement Group plc		1,492
	113,666		Kemper Corp		9,061
	35,025		Kinsale Capital Group, Inc		5,772
	57,745		Korean Reinsurance Co		432
	342,906		Lancashire Holdings Ltd		3,041
	4,769,158		Legal & General Group plc		18,311
	45,882	*,e	Lemonade, Inc		4,273
	98,630		Liberty Holdings Ltd		393
	35,800	*	Lifenet Insurance Co		411
	265,845		Lincoln National Corp		16,554
	308,560		Loews Corp		15,823
	1,974,527		Manulife Financial Corp (Toronto)		42,470
	1,085,267	e	Mapfre S.A.		2,261
	17,928	*	Markel Corp		20,431
	1,370,775		Marsh & McLennan Cos, Inc		166,960
	157,839	*	Max Financial Services Ltd		1,859
	80,915	*,e	MBIA, Inc		778
	2,627,995		Medibank Pvt Ltd		5,602
	28,584		Menorah Mivtachim Holdings Ltd		593
	281,918		Mercuries & Associates Holding Ltd		209
	2,010,810	*	Mercuries Life Insurance Co Lt		626
	61,299		Mercury General Corp		3,728
	39,963		Meritz Fire & Marine Insurance Co Ltd		684
	1,795,923		Metlife, Inc		109,174
	204	*	Midwest Holding, Inc		10
	417,127	*	Migdal Insurance Holdings Ltd		483
	46,931		Mirae Asset Life Insurance Co Ltd		174
	741,827	e	Momentum Metropolitan Holdings		875
	299,826		MS&AD Insurance Group Holdings Inc		8,820
	9,573		Muenchener Rueckver AG.		2,948
	3,994		National Western Life Group, Inc		995
	127,465		New China Life Insurance Co Ltd		947
	786,965		New China Life insurance Co Ltd (Hong Kong)		3,057
	15,295	*	NI Holdings, Inc		283
	468,207		nib holdings Ltd		1,866
	244,214		NN Group NV		11,913
	1,880,938		Old Mutual Ltd		1,610
	391,288		Old Republic International Corp		8,546

91

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	14,642	*	Palomar Holdings, Inc	$	982
	7,990,388		People’s Insurance Co Group of China Ltd		2,598
	409,315		People’s Insurance Co Group of China Ltd (Class A)		372
	464,693		Phoenix Group Holdings plc		4,698
	164,689	*	Phoenix Holdings Ltd		1,445
	6,269,556		PICC Property & Casualty Co Ltd		5,455
	9,487,246		Ping An Insurance Group Co of China Ltd		113,480
	3,104,692		Ping An Insurance Group Co of China Ltd (Class A)		37,385
	416,857	g	Poste Italiane S.p.A		5,294
	736,745	e	Power Corp Of Canada		19,364
	230,931	*	Powszechny Zaklad Ubezpieczen S.A.		1,990
	60,875		Primerica, Inc		8,999
	367,469		Principal Financial Group		22,033
	83,793		ProAssurance Corp		2,242
	977,320		Progressive Corp		93,442
	21,632	*	ProSight Global, Inc		273
	7,413		Protective Insurance Corp		170
	70,078	*,e	Protector Forsikring ASA		734
	1,514,047		Prudential Financial, Inc		137,930
	2,099,644		Prudential plc		44,728
	10,234,300	*	PT Panin Life Tbk		144
	1,279,812	*	Qatar Insurance Co SAQ		872
	1,404,326		QBE Insurance Group Ltd		10,285
	127,754	e	Qualitas Controladora SAB de C.V.		703
	275,607		Rand Merchant Investment Holdings Ltd		572
	93,103		Reinsurance Group of America, Inc (Class A)		11,736
	110,029		RenaissanceRe Holdings Ltd		17,632
	33,199		RLI Corp		3,704
	70,531		RSA Insurance Group plc		662
	238,354	g	Sabre Insurance Group plc		831
	38,519		Safety Insurance Group, Inc		3,245
	391,916		Sampo Oyj (A Shares)		17,672
	27,611		Samsung Fire & Marine Insurance Co Ltd		4,640
	62,168		Samsung Life Insurance Co Ltd		4,297
	676,882		Sanlam Ltd		2,733
	29,943	*	Santam Ltd		495
	337,826	*,g	SBI Life Insurance Co Ltd		4,082
	10,832	*	SCOR SE		369
	121,708		Selective Insurance Group, Inc		8,829
	386,451	*	Selectquote, Inc		11,404
	9,994,866		Shin Kong Financial Holding Co Ltd		3,214
	123,564		Shinkong Insurance Co Ltd		173
	131,075	*	SiriusPoint Ltd		1,333
	168,854	*,e	Societa Cattolica di Assicurazioni SCRL		991

92

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	527,520		Sompo Holdings, Inc	$	20,213
	27,269		State Auto Financial Corp		537
	886,735		Steadfast Group Ltd		2,576
	40,726		Stewart Information Services Corp		2,119
	480,342		Storebrand ASA		4,827
	264,933		Sul America S.A.		1,608
	697,818		Sun Life Financial, Inc		35,266
	1,218,036		Suncorp-Metway Ltd		9,177
	18,539		Swiss Life Holding		9,111
	22,271	e	Swiss Re Ltd		2,190
	183,700		Syarikat Takaful Malaysia BHD		211
	550,165		T&D Holdings, Inc		7,079
	34,674		Tiptree Inc		310
	670,599		Tokio Marine Holdings, Inc		31,915
	27,647		Tongyang Life Insurance Co Ltd		103
	62,898		Topdanmark AS		2,869
	103,124		TQM Corp PCL		405
	342,655	e	Travelers Cos, Inc		51,535
	22,429	*	Trean Insurance Group, Inc		362
	8,542	*	Trisura Group Ltd		809
	62,956	*	Trupanion, Inc		4,798
	57,970	e	Tryg A.S.		1,366
	435,179		Unipol Gruppo Finanziario S.p.A		2,424
	121,630		Uniqa Versicherungen AG.		913
	33,901		United Fire Group Inc		1,180
	46,786		United Insurance Holdings Corp		337
	43,487		Universal Insurance Holdings, Inc		624
	287,182		Unum Group		7,992
	1,367	*,e	Vericity, Inc		14
	41,704		Vienna Insurance Group AG Wiener Versicherung Gruppe		1,081
	258,667		W.R. Berkley Corp		19,491
	28,594	*	Watford Holdings Ltd		990
	6,913		White Mountains Insurance Group Ltd		7,707
	178,980	e	Willis Towers Watson plc		40,965
	66,783	*	Wiz Solucoes e Corretagem de Seguros S.A.		89
	24,836		Wuestenrot & Wuerttembergische AG.		518
	347,605	*,e,g	ZhongAn Online P&C Insurance Co Ltd		2,118
	73,824		Zurich Insurance Group AG		31,423
			TOTAL INSURANCE		2,913,187
MATERIALS - 4.7%
	65,943		Aarti Industries		1,191
	168,746		Acerinox S.A.		2,210
	88,838		ADEKA Corp		1,746
	402,308		Adelaide Brighton Ltd		1,065

93

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	13,741	*	Advanced Emissions Solutions, Inc	$	76
	37,587		Advanced Enzyme Technologies Ltd		178
	41,923		Advanced Petrochemical Co		816
	44,545	*	AdvanSix, Inc		1,195
	74,523		Aeci Ltd		522
	242,263	e	African Rainbow Minerals Ltd		4,550
	241,774		Agnico-Eagle Mines Ltd		13,977
	52,346	*	AgroFresh Solutions, Inc		105
	11,200		Aichi Steel Corp		376
	528,469		Air Liquide		86,286
	350,181		Air Products & Chemicals, Inc		98,520
	96,349		Air Water, Inc		1,690
	7,182		Akzo Nobel India Ltd		226
	247,368		Akzo Nobel NV		27,618
	409,183		Alamos Gold, Inc		3,197
	193,559		Albemarle Corp		28,281
	296,562	*	Alcoa Corp		9,635
	447,307	*	Alkane Resources Ltd		235
	3,871		Alkyl Amines Chemicals		302
	388,988	*	Allegheny Technologies, Inc		8,192
	358,926		Alpek SAB de C.V.		335
	40,978	e	Altius Minerals Corp		489
	80,188		Altri SGPS S.A.		613
	25,897	*	Alujain Corp		336
	2,541,942		Alumina Ltd		3,378
	3,835,964	*	Aluminum Corp of China Ltd		1,594
	899,987	*	Aluminum Corp of China Ltd (Class A)		521
	286,604		Ambuja Cements Ltd		1,214
	2,250,560		Amcor plc		26,287
	43,705		American Vanguard Corp		892
	30,535		AMG Advanced Metallurgical Group NV		1,223
	251,292	*,e	Amyris, Inc		4,800
	20,833		Anglo American Platinum Ltd		3,038
	1,142,145		Anglo American plc (London)		44,735
	358,529		AngloGold Ashanti Ltd		7,804
	3,054,538	e	AngloGold Ashanti Ltd (ADR)		67,108
	499,065		Anhui Conch Cement Co Ltd		3,259
	98,045		Anhui Conch Cement Co Ltd (Class A)		768
	331,262		Antofagasta plc		7,716
	51,528		APERAM		2,317
	36,890	*	APL Apollo Tubes Ltd		709
	89,387		Aptargroup, Inc		12,663
	72,383		Arabian Cement Co		840
	768,318		ArcelorMittal		22,113
	157,868	*	Arconic Corp		4,008
	25,338		Ardagh Group S.A.		644
	306,217	*	Argonaut Gold, Inc		560

94

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	59,705		Arkema	$	7,231
	71,234		Asahi Holdings, Inc		1,368
	708,240		Asahi Kasei Corp		8,176
	78,110		Ashland Global Holdings, Inc		6,934
	349,125		Asia Cement China Holdings Corp		358
	900,044		Asia Cement Corp		1,511
	297,697		Asian Paints Ltd		10,358
	70,192		Associated Cement Co Ltd		1,833
	17,116	*	Astral Poly Technik Ltd		380
	336,700		ATA IMS BHD		238
	11,083	*	Atul Ltd		1,076
	34,608		Aurubis AG.		2,868
	174,946		Avery Dennison Corp		32,129
	355,351		Avient Corp		16,797
	993,174	*	Axalta Coating Systems Ltd		29,378
	958,191		B2Gold Corp		4,125
	98,375		Balchem Corp		12,337
	752,539		Ball Corp		63,770
	1,295,685		Baoshan Iron & Steel Co Ltd		1,601
	1,845,961		Barrick Gold Corp (Canada)		36,620
	8,078		BASF India Ltd		229
	1,024,770		BASF SE		85,161
	8,933		Bayer CropScience Ltd		653
	250,500		BBMG Corp		113
	108,731		Beijing Oriental Yuhong Waterproof Technology Co Ltd		850
	36,151		Bekaert S.A.		1,512
	766,191	*	Bellevue Gold Ltd		455
	87,201		Berger Paints India Ltd		914
	957,724	*,e	Berry Global Group, Inc		58,804
	3,275,098		BHP Billiton Ltd		113,611
	2,118,338		BHP Group plc		60,991
	183,926		Billerud AB		3,421
	4,000	*,†,e	Bio On S.p.A.		0	^
	17,103		Birla Corp Ltd		223
	443,307		BlueScope Steel Ltd		6,542
	229,310		Boliden AB		8,508
	1,247,949	*	Boral Ltd		5,225
	95,812		Borregaard ASA		2,086
	304,472		Boubyan Petrochemicals Co KSCP		854
	177,606		Bradespar S.A.		2,155
	1,556,195	*	Breedon Group plc		2,004
	76,860		Brickworks Ltd		1,221
	2,259	*	Brodrene Hartmann A.S.		186
	221,291		Buzzi Unicem S.p.A.		5,748
	78,132		Cabot Corp		4,097
	498,700		Cahya Mata Sarawak BHD		263
	18,546	e	Caledonia Mining Corp plc		265
	221,906	*	Calibre Mining Corp		286
	106,749	*	Canfor Corp		2,211
	50,946		CAP S.A.		825
	74,141		Carpenter Technology Corp		3,051
	168,898		Cascades, Inc		2,114
	284,014		Castrol India Ltd		488
	136,672		CCL Industries		7,561
	206,502		Celanese Corp (Series A)		30,936

95

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	54,245		Cementir Holding NV	$	557
	430,920		Cementos Argos S.A.		606
	13,267,730	*	Cemex S.A. de C.V.		9,360
	3,464,968		Centamin plc		4,966
	231,149		Centerra Gold, Inc		2,045
	163,019		Central Asia Metals plc		562
	82,055	*	Century Aluminum Co		1,449
	97,000		Century Iron & Steel Industrial Co Ltd		361
	31,432		Century Textile & Industries Ltd		201
	1,727,525		CF Industries Holdings, Inc		78,395
	292,176	*	Chalice Gold Mines Ltd		1,155
	123,762		Chambal Fertilizers & Chemicals Ltd		388
	555,721	*	Champion Iron Ltd		2,327
	5,606		Chase Corp		652
	235,655		Chemours Co		6,577
	1,449,006		Cheng Loong Corp		1,772
	290,000		Chia Hsin Cement Corp		213
	84,362	*	Chifeng Jilong Gold Mining Co Ltd		188
	5,622,695		China BlueChemical Ltd		1,363
	275,127		China General Plastics Corp		360
	65,600		China Hi-ment Corp		107
	1,633,105		China Hongqiao Group Ltd		2,184
	210,400		China Jushi Co Ltd		621
	821,232	*	China Manmade Fibers Corp		285
	212,112		China Metal Products		241
	3,058,614		China Molybdenum Co Ltd		1,867
	472,444		China Molybdenum Co Ltd (Class A)		384
	1,562,276		China National Building Material Co Ltd		2,263
	212,229	*	China Northern Rare Earth Group High-Tech Co Ltd		623
	932,000		China Oriental Group Co Ltd		283
	2,476,359		China Petrochemical Development Corp		952
	1,008,248		China Resources Cement Holdings Ltd		1,137
	123,000		China Steel Chemical Corp		464
	10,438,181		China Steel Corp		9,496
	296,000		China XLX Fertiliser Ltd		146
	1,301,200	*,e	China Zhongwang Holdings Ltd		320
	174,701	*	Chr Hansen Holding A/S		15,869
	46,678		Chugoku Marine Paints Ltd		421
	3,043		Chunbo Co Ltd		441
	658,000	*	Chung Hung Steel Corp		450
	317,540	*	Chung Hwa Pulp Corp		147
	187,422	*,e	Cia de Minas Buenaventura S.A. (ADR) (Series B)		1,880
	28,298		Cia Ferro Ligas da Bahia - FERBASA		171
	559,850		Cia Siderurgica Nacional S.A.		3,770
	19,111	*	Ciech S.A.		179
	50,937		City Cement Co		352
	172,124	e	Clariant AG.		3,473
	24,449	*	Clearwater Paper Corp		920
	659,368	*,e	Cleveland-Cliffs, Inc		13,260
	399,927	*	Coeur Mining, Inc		3,611
	241,200		Comfort Glove Bhd		109
	239,541		Commercial Metals Co		7,387
	86,132	*,†	Companhia Vale do Rio Doce		0
	430,648		Companhia Vale do Rio Doce (ADR)		7,485
	25,934		Compass Minerals International, Inc		1,627
	60,808		Corbion NV		3,374

96

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	78,645		Coromandel International Ltd	$	835
	1,495,260	*,g	Coronado Global Resources, Inc (ADR)		1,025
	1,793,555		Corteva, Inc		83,616
	39,035		Corticeira Amorim SGPS S.A.		463
	339,805	g	Covestro AG.		22,862
	432,000		CPMC Holdings Ltd		245
	819,537		CRH plc		38,352
	124,664		Croda International plc		10,908
	1,815,984		Crown Holdings, Inc		176,223
	5,173,175	*	CSN Mineracao S.A.		8,446
	500,283		CSR Ltd		2,202
	1,601,400		D&L Industries Inc		233
	231,000		Daicel Chemical Industries Ltd		1,780
	28,031		Daido Steel Co Ltd		1,301
	12,200		Daiken Corp		243
	12,571		Dainichiseika Color & Chemicals Manufacturing Co Ltd		281
	137,899		Daio Paper Corp		2,371
	57,028	*	Dalmia Bharat Ltd		1,242
	957,414	*	De Grey Mining Ltd		720
	55,542	*	Deepak Nitrite Ltd		1,261
	83,549		Denki Kagaku Kogyo KK		3,342
	429,712		Deterra Royalties Ltd		1,285
	77,901		DIC Corp		2,021
	8,300		DKS Co Ltd		276
	161,714		Domtar Corp		5,975
	25,698		Dongjin Semichem Co Ltd		746
	43,471		Dongkuk Steel Mill Co Ltd		526
	3,659		Dongwon Systems Corp		157
	882,000		Dongyue Group		682
	1,675,717		Dow, Inc		107,145
	143,779		Dowa Holdings Co Ltd		5,999
	308,361	e	DRDGOLD Ltd		285
	1,400,599		DS Smith plc		7,870
	152,508		DSM NV		25,783
	8,171	*	Duk San Neolux Co Ltd		328
	150,486		Dundee Precious Metals, Inc		918
	1,384,285		DuPont de Nemours, Inc		106,978
	237,217		Duratex S.A.		788
	7,474	*	Eagle Materials, Inc		1,005
	769,400		Eastern Polymer Group PCL		251
	51,471		Eastern Province Cement Co		712
	206,618		Eastman Chemical Co		22,753
	773,513		Ecolab, Inc		165,586
	14,538		Ecopro Co Ltd		741
	55,079	*	EID Parry India Ltd		241
	182,137	*	Eldorado Gold Corp		1,968
	465,628		Element Solutions, Inc		8,516
	561,552		Elementis plc		972
	270,136	g	Elkem ASA		1,177
	1,014,231		Empresas CMPC S.A.		3,256
	7,075	e	EMS-Chemie Holding AG.		6,320
	140,898	*	Ence Energia y Celulosa S.A.		704
	193,601		Endeavour Mining Corp		3,902
	164,021	*,e	Endeavour Silver Corp		812
	7,027		ENF Technology Co Ltd		248

97

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	486,186		Engro Chemical Pakistan Ltd	$	884
	391,436		Engro Fertilizers Ltd		160
	226,949	*	Equinox Gold Corp		1,810
	8,691	*	Eramet		616
	543,104		Eregli Demir ve Celik Fabrikalari TAS		1,006
	67,304	*	ERO Copper Corp		1,158
	298,769		Essentra plc		1,194
	663,574		Eternal Chemical Co Ltd		838
	34,800		Eugene Corp		176
	1,924,483	*	Eurasia Mining plc		793
	313,128		Everlight Chemical Industrial Corp		185
	1,392,960		Evolution Mining Ltd		4,340
	181,277		Evonik Industries AG.		6,414
	34,833		Evraz plc		277
	909,072		Fauji Fertilizer Co Ltd		622
	333,050		Feng Hsin Iron & Steel Co		833
	300,307		Ferrexpo plc		1,551
	113,937	*	Ferro Corp		1,921
	202,348	*,†	Ferroglobe plc		0
	5,713		Fine Organic Industries Ltd		179
	35,539	*	Finolex Industries Ltd		310
	207,473	*,e	First Majestic Silver Corp		3,236
	909,831		First Quantum Minerals Ltd		17,339
	838,216		Fletcher Building Ltd		4,153
	185,492		FMC Corp		20,517
	38,045	*	Foosung Co Ltd		355
	3,086,139		Formosa Chemicals & Fibre Corp		9,502
	3,361,019		Formosa Plastics Corp		11,936
	230,669	g	Forterra plc		913
	64,756	*	Forterra, Inc		1,506
	2,255,192		Fortescue Metals Group Ltd		34,370
	18,049	*,e	Fortitude Gold Corp		83
	192,347	*	Fortuna Silver Mines, Inc		1,247
	46,320	e	FP Corp		1,887
	174,026		Franco-Nevada Corp		21,809
	4,035,545	*	Freeport-McMoRan, Inc (Class B)		132,890
	155,337		Fresnillo plc		1,850
	58,454		Fuchs Petrolub AG. (Preference)		2,801
	1,221,483		Fufeng Group Ltd		440
	39,877		Fuji Seal International, Inc		893
	19,275		Fujimi, Inc		754
	15,030		Fujimori Kogyo Co Ltd		613
	3,722,296		Fushan International Energy Group Ltd		924
	18,700		Fuso Chemical Co Ltd		688
	43,205		FutureFuel Corp		628
	8,421		Galaxy Surfactants Ltd		294
	24,843		Ganfeng Lithium Co Ltd		361
	229,862	*	Gatos Silver, Inc		2,292
	108,845	*	GCP Applied Technologies, Inc		2,671
	280,079		GEM Co Ltd		369
	939,510		Gerdau S.A. (Preference)		5,044
	11,175		Givaudan S.A.		43,105
	171,958		Glatfelter Corp		2,949
	10,838,685		Glencore Xstrata plc		42,557
	28,336		Godo Steel Ltd		558
	781,620		Gold Fields Ltd		7,346

98

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	135,619		Gold Resource Corp	$	358
	755,042		Gold Road Resources Ltd		633
	676,484		Goldsun Development & Construction Co Ltd		644
	57,957	e	Gran Colombia Gold Corp		249
	686,000	*	Grand Pacific Petrochemical		662
	108,679		Granges AB		1,413
	383,658		Graphic Packaging Holding Co		6,967
	117,017		Grasim Industries Ltd		2,328
	605,755	*,†	Great Basin Gold Ltd		5
	3,901,369	*	Greatland Gold plc		1,033
	656,000		Greatview Aseptic Packaging Co		326
	39,212	e	Greif, Inc (Class A)		2,235
	9,635		Greif, Inc (Class B)		552
	8,450		Groupe Guillin		261
	32,986	*	Grupa Azoty S.A.		251
	214,317		Grupo Argos S.A.		689
	164,893	e	Grupo Cementos de Chihuahua SAB de C.V.		1,144
	2,706,538	e	Grupo Mexico S.A. de C.V. (Series B)		14,230
	155,710	*	Guangdong HEC Technology Holding Co Ltd		118
	27,729		Guangdong Hongda Blasting Co Ltd		132
	28,978		Guangzhou Tinci Materials Technology Co Ltd		363
	37,989	*	Gubre Fabrikalari TAS		338
	19,405	*	Gujarat Fluorochemicals Ltd		153
	9,709		Gulf Oil Lubricants India Ltd		96
	960		Gurit Holding AG.		2,435
	98,817		H.B. Fuller Co		6,217
	1,371		Hanil Cement Co Ltd		204
	6,899		Hansol Chemical Co Ltd		1,477
	12,183		Hansol Paper Co Ltd		155
	101,452	*	Hanwha Chemical Corp		4,536
	1,705,203	*,e	Harmony Gold Mining Co Ltd		7,271
	19,861		Hawkins, Inc		666
	20,127		Haynes International, Inc		597
	838,710		Hecla Mining Co		4,772
	1,082,851		HeidelbergCement AG.		98,386
	53,584		HeidelbergCement India Ltd		171
	320,169		Hengli Petrochemical Co Ltd		1,439
	151,494		Hengyi Petrochemical Co Ltd		340
	1,137,216	*	Hesteel Co Ltd		410
	382,495		Hexpol AB		4,319
	81,414		Hill & Smith Holdings plc		1,652
	1,423,907		Hindalco Industries Ltd		6,405
	656,190	*	Hitachi Metals Ltd		10,832
	359,016	e	Hochschild Mining plc		969
	6,600		Hodogaya Chemical Co Ltd		289
	105,929		Hokuetsu Paper Mills Ltd		497
	46,130		Holcim Ltd		2,713
	95,385	e	Holmen AB		4,187
	15,396		Honam Petrochemical Corp		4,113
	172,000		Hsin Kuang Steel Co Ltd		239
	709,000	e	Huabao International Holdings Ltd		723
	32,701		Huaxin Cement Co Ltd		119
	13,643		Huchems Fine Chemical Corp		264
	641,071	e	HudBay Minerals, Inc		4,387
	99,240		Huhtamaki Oyj		4,491
	512,111		Hunan Valin Steel Co Ltd		548

99

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	312,935		Huntsman Corp	$	9,022
	2,011	*	Hyosung Advanced Materials Corp		680
	1,465	*	Hyosung Chemical Corp		402
	26,643		Hyundai Development Co		266
	79,597		Hyundai Steel Co		3,396
	772,684	*,e	IAMGOLD Corp		2,300
	439,038	g	Ibstock plc		1,332
	436,710		Iluka Resources Ltd		2,405
	58,360		IMCD Group NV		8,091
	33,299		Imerys S.A.		1,619
	715,710	e	Impala Platinum Holdings Ltd		13,213
	1,996,256	*	Incitec Pivot Ltd		4,417
	1,399,853		Independence Group NL		6,713
	127,038		India Cements Ltd		291
	646,104		Indorama Ventures PCL (Foreign)		923
	116,811	*,e	Industrias Penoles S.A. de C.V.		1,507
	87,244	*	Ingevity Corp		6,590
	3,450,918	*	Inner Mongolia BaoTou Steel Union Co Ltd		823
	339,703		Inner Mongolia Eerduosi Resourses Co Ltd		387
	520,088		Inner Mongolia Junzheng Energy & Chemical Industry Group Co Ltd		421
	45,056		Innospec, Inc		4,627
	70,325	*	Interfor Corp		1,584
	516,912		International CSRC Investment Holdings Co		480
	1,086,868		International Flavors & Fragrances, Inc		151,738
	566,092		International Paper Co		30,609
	111,351		Intertape Polymer Group, Inc		2,481
	15,772	*	Intrepid Potash, Inc		514
	608,860		Israel Chemicals Ltd		3,569
	4,035	*	Israel Corp Ltd		948
	627,764	*	Ivanhoe Mines Ltd		3,232
	328,445	*	Izmir Demir Celik Sanayi AS		101
	508,392		James Hardie Industries NV		15,365
	40,128	*	Jastrzebska Spolka Weglowa S.A.		300
	22,100		JCU Corp		835
	347,620		JFE Holdings, Inc		4,289
	122,172		Jiangsu Shagang Co Ltd		168
	13,300		Jiangsu Yangnong Chemical Co Ltd		244
	1,125,115		Jiangxi Copper Co Ltd		2,161
	127,909		Jiangxi Copper Co Ltd (Class A)		435
	2,536,000		Jinchuan Group International Resources Co Ltd		458
	991,018	*	Jindal Steel & Power Ltd		4,681
	23,554		JK Cement Ltd		938
	167,308		Johnson Matthey plc		6,950
	14,007		JSP Corp		236
	193,964		JSR Corp		5,870
	340,232		JSW Steel Ltd		2,191
	1,447,059	e	Jupiter Mines Ltd		346
	194,754		K&S AG.		1,938
	24,322		Kaiser Aluminum Corp		2,688
	49,015		Kaneka Corp		2,017
	99,794		Kansai Paint Co Ltd		2,669
	117,100		Kanto Denka Kogyo Co Ltd		949
	608,221	*	Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS (Class D)		522
	242,965		KAZ Minerals plc		2,903

100

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	3,699		KCC Corp	$	780
	104,057		Kemira Oyj		1,598
	54,338	*	KGHM Polska Miedz S.A.		2,611
	31,000		KH Neochem Co Ltd		785
	141,725		Kingfa Sci & Tech Co Ltd		472
	1,145,599		Kinross Gold Corp		7,630
	237,239		Kirkland Lake Gold Ltd		8,012
	596,838	*	Klabin S.A.		2,930
	31,400		Koatsu Gas Kogyo Co Ltd		209
	384,700	*	Kobe Steel Ltd		2,608
	13,317		Kolon Industries, Inc		707
	32,058		Konishi Co Ltd		521
	41,415	*	Koppers Holdings, Inc		1,440
	7,308		Korea Kumho Petrochemical		1,713
	3,816		Korea Petrochemical Ind Co Ltd		1,104
	7,730		Korea Zinc Co Ltd		2,799
	29,201	*	Koza Altin Isletmeleri AS		422
	162,207	*	Koza Anadolu Metal Madencilik Isletmeleri AS		275
	83,702	*	KPM Tech Co Ltd		215
	49,579	*	Kraton Corp		1,814
	106,412		Kronos Worldwide, Inc		1,628
	66,010	*	Kuk-il Paper Manufacturing Co Ltd		340
	24,763	e	Kumba Iron Ore Ltd		1,020
	85,648		Kumiai Chemical Industry Co Ltd		779
	183,218		Kuraray Co Ltd		2,096
	16,100		Kureha CORP		1,114
	22,716		Kyoei Steel Ltd		341
	73,882	e	Labrador Iron Ore Royalty Corp		2,177
	1,004,900		Lanxess AG.		74,166
	32,198	*,e	Largo Resources Ltd		446
	1,310,927		Lee & Man Paper Manufacturing Ltd		1,209
	7,707	*	LEMON Co Ltd		61
	13,349	e	Lenzing AG.		1,712
	60,431		LG Chem Ltd		43,246
	6,794		LG Chem Ltd (Preference)		2,324
	16,716		Linde India Ltd		413
	1,343,354		Linde plc		376,327
	409,461		Linde plc (Xetra)		114,855
	40,800		Lintec Corp		924
	85,688	*,e	Lithium Americas Corp		1,377
	224,398	*,e	Livent Corp		3,887
	43,583		Loma Negra Cia Industrial Argentina S.A. (ADR)		276
	89,754		Lomon Billions Group Co Ltd		395
	542,704		Long Chen Paper Co Ltd		477
	1,316,066	g	Lotte Chemical Titan Holding BHD		812
	391,981		Louisiana-Pacific Corp		21,739
	103,844	*	Lucky Cement Ltd		557
	101,311	*	Lundin Gold, Inc		793
	603,543		Lundin Mining Corp		6,210
	2,215,722	*	Lynas Corp Ltd		10,436
	382,004		LyondellBasell Industries NV		39,748
	88,116		Madras Cements Ltd		1,212
	88,849	*	MAG. Silver Corp		1,338
	47,926	*	Marrone Bio Innovations, Inc		100
	213,912		Marshalls plc		2,018
	8,485		Martin Marietta Materials, Inc		2,849

101

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	55,900		Maruichi Steel Tube Ltd	$	1,278
	122,426		Materion Corp		8,109
	67,876		Maverix Metals, Inc		356
	81,180	*,e	Mechel PJSC (ADR)		140
	7,781,377	*	Merdeka Copper Gold Tbk PT		1,157
	1,624,122		Mesaieed Petrochemical Holding Co		830
	555,144		Metalurgica Gerdau S.A.		1,323
	67,567	e	Methanex Corp		2,493
	218,714		Mineral Resources Ltd		6,349
	53,725		Minerals Technologies, Inc		4,047
	21,364		Miquel y Costas & Miquel S.A.		386
	30,094	g	Mishra Dhatu Nigam Ltd		73
	1,096,705		Mitsubishi Chemical Holdings Corp		8,237
	93,790		Mitsubishi Gas Chemical Co, Inc		2,307
	217,400		Mitsubishi Materials Corp		5,091
	120,162		Mitsui Chemicals, Inc		3,803
	653,264	e	Mitsui Mining & Smelting Co Ltd		22,733
	608,032		MMC Norilsk Nickel PJSC (ADR)		19,025
	1,844,000	*	MMG Ltd		1,037
	434,056		Mondi plc		11,066
	12,981	*,†	Mongolian Metals Corporation		0
	705,774		Mosaic Co		22,310
	455,450		Mount Gibson Iron Ltd		264
	182,142		M-real Oyj (B Shares)		1,984
	44,016		Myers Industries, Inc		870
	70,301		Mytilineos Holdings S.A.		1,159
	63,808		Najran Cement Co		391
	18,048		Namhae Chemical Corp		144
	44,597	*,e	Namsun Aluminum Co Ltd		155
	40,000		Nan Pao Resins Chemical Co Ltd		225
	4,534,887		Nan Ya Plastics Corp		12,743
	206,557		Nantex Industry Co Ltd		796
	697,389		National Aluminium Co Ltd		518
	136,088	*	National Industrialization Co		551
	23,886		Navin Fluorine International Ltd		902
	26,209		Neenah Inc		1,347
	672,814	*	New Gold, Inc		1,039
	88,598	*	New Pacific Metals Corp		366
	927,935		Newcrest Mining Ltd		17,530
	10,917		NewMarket Corp		4,150
	2,253,320		Newmont Goldcorp Corp		135,808
	913,581		Nickel Mines Ltd		853
	42,000		Nihon Nohyaku Co Ltd		207
	81,281		Nihon Parkerizing Co Ltd		879
	1,561,151		Nine Dragons Paper Holdings Ltd		2,295
	12,500		Nippon Fine Chemical Co Ltd		170
	136,566		Nippon Kayaku Co Ltd		1,321
	59,803		Nippon Light Metal Holdings Co Ltd		1,201
	553,990		Nippon Paint Co Ltd		8,002
	95,980	e	Nippon Paper Industries Co Ltd		1,151
	27,228		Nippon Shokubai Co Ltd		1,561
	24,684		Nippon Soda Co Ltd		780
	633,950		Nippon Steel Corp		10,820
	15,800		Nippon Valqua Industries Ltd		305
	115,831		Nissan Chemical Industries Ltd		6,197
	5,607		Nittetsu Mining Co Ltd		346

102

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	134,625		Nitto Denko Corp	$	11,540
	124,882		NOF Corp		6,542
	2,097,818	h	Norsk Hydro ASA		13,474
	1,272,781	*	Northam Platinum Ltd		22,114
	67,883		Northern Region Cement Co		236
	933,237		Northern Star Resources Ltd		6,760
	184,468	*	Novagold Resources Inc		1,616
	262,150	*,e	Novagold Resources, Inc		2,286
	48,742		Novolipetsk Steel PJSC (GDR)		1,554
	179,957		Novozymes AS		11,515
	480,024		Nucor Corp		38,532
	274,499	*	Nufarm Ltd		1,111
	45,893		Nuh Cimento Sanayi AS.		326
	548,815		Nutrien Ltd		29,576
	815,691	e	Nutrien Ltd (Toronto)		43,942
	733,545	*	OceanaGold Corp		1,092
	20,396	*	OCI Co Ltd		2,215
	107,598	*	OCI NV		2,321
	147,095	*	O-I Glass, Inc		2,168
	462,378		OJI Paper Co Ltd		2,998
	11,000		Okamoto Industries, Inc		418
	201,068	e	Olin Corp		7,635
	13,930		Olympic Steel, Inc		410
	916,448		Orbia Advance Corp SAB de C.V.		2,447
	342,224		Orica Ltd		3,638
	416,000		Oriental Union Chemical Corp		284
	111,335	*	Orion Engineered Carbons SA		2,196
	143,926	*,e	Orla Mining Ltd		536
	301,376	*	Orocobre Ltd		1,096
	999,584		Orora Ltd		2,315
	15,600		Osaka Organic Chemical Industry Ltd		525
	13,300		Osaka Soda Co Ltd		317
	14,529		Osaka Steel Co Ltd		187
	5,212	*,e	Osaka Titanium Technologies		45
	130,404	e	Osisko Gold Royalties Ltd		1,436
	301,930	*	Osisko Mining, Inc		706
	306,447	*,e	Outokumpu Oyj		1,776
	342,577		Oxiana Ltd		5,975
	177,364	*	Oyak Cimento Fabrikalari AS		154
	17,550	e	Pacific Metals Co Ltd		342
	13,400		Pack Corp		366
	24,450		Packages Ltd		81
	254,501		Packaging Corp of America		34,225
	187,343	e	Pact Group Holdings Ltd		502
	672,806		Pactiv Evergreen, Inc		9,244
	191,220	e	Pan American Silver Corp (Toronto)		5,736
	959,766	*	Pangang Group Vanadium Titanium & Resources Co Ltd		323
	1,099,852		Perenti Global Ltd		853
	1,228,204	*	Perseus Mining Ltd		1,004
	2,749,257	*	Peter Hambro Mining plc		904
	1,003,075	*	Petkim Petrokimya Holding		700
	2,182,515		Petronas Chemicals Group BHD		4,214
	57,162		PhosAgro PJSC (GDR)		996
	10,866		PI Advanced Materials Co Ltd		442
	67,076		PI Industries Ltd		2,075

103

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	61,170	*	Pidilite Industries Ltd	$	1,518
	5,858,905	*	Pilbara Minerals Ltd		4,686
	93,051		Polymetal International plc (ADR)		1,820
	136,960		Polyus PJSC (GDR)		12,601
	4,317	*	Polyus PJSC (GDR)		397
	13,577		Poongsan Corp		404
	220,853		Portucel Empresa Produtora de Pasta e Papel S.A.		722
	64,943		POSCO		18,402
	21,738		POSCO Refractories & Environment Co Ltd		3,005
	993,823		PPG Industries, Inc		149,332
	75,704		PQ Group Holdings, Inc		1,264
	209,735	*	Premier Gold Mines Ltd		464
	1,112,784		Press Metal BHD		2,662
	195,115	*	Pretium Resources, Inc		2,025
	6,104,700		PT Aneka Tambang Tbk		952
	22,538,497	*	PT Barito Pacific Tbk		1,493
	2,262,497		PT Indah Kiat Pulp and Paper Corp Tbk		1,632
	1,335,552		PT Indocement Tunggal Prakarsa Tbk		1,127
	827,200		PT Pabrik Kertas Tjiwi Kimia Tbk		595
	2,539,489		PT Semen Gresik Persero Tbk		1,824
	1,898,500	*	PT Timah Tbk		212
	2,049,809		PTT Global Chemical PCL (Foreign)		4,128
	33,586		Qassim Cement Co		762
	2,092,819		Qatar Aluminum Manufacturing Co		678
	233,563		Qatar National Cement Co		320
	10,038	e	Quaker Chemical Corp		2,447
	455,573		Qurain Petrochemical Industries Co		595
	57,514		Rallis India Ltd		200
	884,401		Ramelius Resources Ltd		996
	162,871	*	Ranpak Holdings Corp		3,267
	12,140	*	Ratnamani Metals & Tubes Ltd		316
	100,434	*	Rayonier Advanced Materials, Inc		911
	37,337		Recticel S.A.		544
	516,563		Regis Resources Ltd		1,143
	382,899		Reliance Steel & Aluminum Co		58,312
	555,083		Rengo Co Ltd		4,828
	1,103,221	*	Resolute Mining Ltd		370
	30,186		Rhi Magnesita NV		1,755
	383,024		Rio Tinto Ltd		32,372
	1,486,108		Rio Tinto plc		113,372
	271,383		Rongsheng Petro Chemical Co Ltd		1,146
	329,580	*	Roxgold, Inc		406
	528,663	e	Royal Bafokeng Platinum Ltd		3,940
	119,942	e	Royal Gold, Inc		12,908
	255,666		RPM International, Inc		23,483
	28,654	*	Ryerson Holding Corp		488
	19,420		Sa des Ciments Vicat		942
	81,511		SABIC Agri-Nutrients Co		2,140
	304,845	*	Sabina Gold & Silver Corp		439
	148,038		Sahara International Petrochemical Co		873
	13,219		Sakai Chemical Industry Co Ltd		251
	45,800		Sakata INX Corp		441
	67,139		Salzgitter AG.		2,097
	16,684	*	SAM KANG M&T Co Ltd		319
	13,538		Samsung Fine Chemicals Co Ltd		705
	160,207		Sandfire Resources NL		653

104

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	200,437	*	Sandstorm Gold Ltd	$	1,360
	11,211		Sanyo Chemical Industries Ltd		568
	26,206	*	Sanyo Special Steel Co Ltd		387
	421,977	*	Sappi Ltd		1,312
	129,140	*	Sasa Polyester Sanayi AS		709
	504,001	*	Sasol Ltd		7,283
	169,246	*	Saudi Arabian Mining Co		2,576
	814,119		Saudi Basic Industries Corp		25,510
	29,271		Saudi Cement Co		518
	84,062		Saudi Industrial Investment Group		730
	287,638	*	Saudi Kayan Petrochemical Co		1,224
	50,440		Schnitzer Steel Industries, Inc (Class A)		2,108
	48,053		Schweitzer-Mauduit International, Inc		2,353
	533,400		Scientex BHD		516
	88,504		Scotts Miracle-Gro Co (Class A)		21,681
	56,230	*	Seabridge Gold, Inc		909
	200,272		Seah Besteel Corp		3,300
	222,594		Sealed Air Corp		10,199
	8,218,300	*,†	Sekawan Intipratama Tbk PT		0	^
	18,413		Semapa-Sociedade de Investimento e Gestao		254
	202,732		Sensient Technologies Corp		15,813
	760,878		Sesa Sterlite Ltd		2,390
	85,278		Severstal (GDR)		1,721
	653,255	g	Shandong Gold Mining Co Ltd		1,232
	222,468		Shandong Gold Mining Co Ltd		727
	89,929		Shandong Hualu Hengsheng Chemical Co Ltd		518
	685,066		Shandong Nanshan Aluminum Co Ltd		362
	42,046		Shandong Sinocera Functional Material Co Ltd		274
	56,811		Shandong Sun Paper Industry JSC Ltd		137
	327,000		Shanghai Chlor-Alkali Chemical Co Ltd		160
	23,166		Shanghai Putailai New Energy Technology Co Ltd		338
	596,263		Shanxi Taigang Stainless Steel Co Ltd		417
	20,438		Shenzhen Capchem Technology Co Ltd		240
	140,210		Sherwin-Williams Co		103,476
	24,900		Shikoku Chemicals Corp		285
	331,625		Shin-Etsu Chemical Co Ltd		56,177
	46,403		Shin-Etsu Polymer Co Ltd		417
	839,661		Shinkong Synthetic Fibers Corp		515
	51,400		Shiny Chemical Industrial Co Ltd		209
	139,900		Showa Denko KK		3,987
	4,286	*	Shree Cement Ltd		1,730
	695,783		Siam Cement PCL (Foreign)		8,902
	1,100,529	e	Sibanye Stillwater Ltd		4,899
	330,860		SIG Combibloc Group AG.		7,645
	9,679		Sika AG.		2,768
	201,290		Silgan Holdings, Inc		8,460
	880,466	*	Silver Lake Resources Ltd		1,005
	182,717		Silvercorp Metals, Inc		900
	140,845	*	SilverCrest Metals, Inc		1,141
	176,163		Sims Ltd		1,998
	46,000		Sinoma Science & Technology Co Ltd		164
	762,267		Sinopec Shanghai Petrochemical Co Ltd (Class A)		411
	6,523		SK Chemicals Co Ltd (New)		1,451
	16,428		SKC Co Ltd		1,878
	10,933		Skshu Paint Co Ltd		333
	561,790		Smurfit Kappa Group plc		26,359

105

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	100,244		Sociedad Quimica y Minera de Chile S.A. (Class B)	$	5,345
	3,621		SODIFF Advanced Materials Co Ltd		1,001
	308,720		Solar Applied Materials Technology Co		494
	2,146,936	*	SolGold plc		654
	64,068	e	Solvay S.A.		7,974
	12,127		Songwon Industrial Co Ltd		220
	139,309		Sonoco Products Co		8,818
	11,968		Soulbrain Co Ltd		3,091
	57,995	*	Soulbrain Holdings Co Ltd		2,183
	4,216,445		South32 Ltd		9,049
	184,167		Southern Copper Corp (NY)		12,499
	52,151		Southern Province Cement Co		1,224
	22,455		SRF Ltd		1,667
	235,975		Ssab Svenskt Stal AB (Series A)		1,248
	618,304		Ssab Svenskt Stal AB (Series B)		2,992
	200,654		SSR Mining, Inc		2,869
	1,128,270		St Barbara Ltd		1,691
	560,497		Steel Dynamics, Inc		28,451
	36,896		Stelco Holdings, Inc		827
	11,000	e	Stella Chemifa Corp		318
	62,687		Stella-Jones, Inc		2,543
	50,009		Stepan Co		6,357
	2,887		STO AG.		535
	536,803	e	Stora Enso Oyj (R Shares)		10,014
	51,012		Sumitomo Bakelite Co Ltd		2,092
	1,230,215		Sumitomo Chemical Co Ltd		6,383
	840,400		Sumitomo Metal Mining Co Ltd		36,419
	34,321	e	Sumitomo Osaka Cement Co Ltd		1,093
	9,467		Sumitomo Seika Chemicals Co Ltd		346
	594,074	*	Summit Materials, Inc		16,646
	133,140	e	SunCoke Energy, Inc		933
	2,444,500	*,†,e	Superb Summit International Group Ltd		3
	50,422		Supreme Industries Ltd		1,411
	641,117	*	Suzano SA		7,808
	512,390		Svenska Cellulosa AB (B Shares)		9,069
	85,186		Swancor Ind Co Ltd		413
	111,234		Symrise AG.		13,496
	28,900		T Hasegawa Co Ltd		553
	886,127		TA Chen Stainless Pipe		977
	225		Taekwang Industrial Co Ltd		183
	51,007		Taiheiyo Cement Corp		1,344
	1,920,482		Taiwan Cement Corp		3,154
	602,000		Taiwan Fertilizer Co Ltd		1,195
	397,725		Taiwan Hon Chuan Enterprise Co Ltd		967
	369,346		Taiwan Styrene Monomer		250
	18,600		Taiyo Ink Manufacturing Co Ltd		1,016
	214,004	e	Taiyo Nippon Sanso Corp		4,080
	13,655		Takasago International Corp		325
	5,300	e	Taki Chemical Co Ltd		288
	61,014		Takiron Co Ltd		375
	64,116		Tangshan Jidong Cement Co Ltd		152
	125,454		Tata Chemicals Ltd		1,295
	269,465		Tata Steel Ltd		3,006
	9,046		Tayca Corp		122
	429,101		Teck Cominco Ltd		8,219
	98,768		Teijin Ltd		1,704

106

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	16,600		Tenma Corp	$	334
	27,532	*	Tessenderlo Chemie NV		1,209
	4,911,010	*	ThyssenKrupp AG.		65,591
	752,000		Tiangong International Co Ltd		372
	73,827	*	TimkenSteel Corp		867
	538,359		Tipco Asphalt PCL		356
	30,609		Titan Cement International S.A.		574
	99,103		Toagosei Co Ltd		1,163
	17,424		Toho Titanium Co Ltd		157
	1,238,129		Tokai Carbon Co Ltd		20,014
	7,800		Tokushu Tokai Holdings Co Ltd		344
	61,341		Tokuyama Corp		1,552
	32,514		Tokyo Ohka Kogyo Co Ltd		2,040
	82,804		Tokyo Steel Manufacturing Co Ltd		635
	531,750	*	Ton Yi Industrial Corp		223
	99,078		Tongkun Group Co Ltd		313
	438,400		Tongling Nonferrous Metals Group Co Ltd		179
	79,710	b	Tongyang, Inc		98
	1,184,437		Toray Industries, Inc		7,647
	88,926	*	Torex Gold Resources, Inc		1,123
	144,473		Tosoh Corp		2,767
	5,100		Toyo Gosei Co Ltd		644
	35,300		Toyo Ink Manufacturing Co Ltd		649
	145,200		Toyo Seikan Kaisha Ltd		1,728
	78,948		Toyobo Co Ltd		1,019
	4,306,600		TPI Polene PCL		258
	358,210		Transfar Zhilian Co Ltd		397
	40,693	*	Trecora Resources		316
	39,472		Tredegar Corp		592
	50,789		Trinseo S.A.		3,234
	397,092		Tronox Holdings plc		7,267
	393,000		TSRC Corp		391
	704,259		Tung Ho Steel Enterprise Corp		1,099
	105,150	*,e	Turquoise Hill Resources Ltd		1,694
	33,443	*	UACJ Corp		809
	104,526		UBE Industries Ltd		2,230
	16,300	*	UFP Technologies, Inc		812
	105,244		Ultra Tech Cement Ltd		9,727
	170,439		Umicore S.A.		9,043
	36,819		Uniao de Industrias Petroquimicas S.A.		445
	3,687		Unid Co Ltd		221
	3,117	e	United States Lime & Minerals, Inc		417
	515,486	e	United States Steel Corp		13,490
	303,000		Universal Cement Corp		243
	592,650	*	UPC Technology Corp		429
	197,305		UPL Ltd		1,740
	451,395		UPM-Kymmene Oyj		16,222
	24,868	*	US Concrete, Inc		1,823
	1,233,973		USI Corp		1,105
	311,984		Usinas Siderurgicas de Minas Gerais S.A. (Preference)		948
	3,195,729		Vale S.A.		55,624
	260,885	e	Valvoline, Inc		6,801
	35,251	g	Verallia S.A.		1,270
	53,994		Verso Corp		788
	30,143	*	Vetropack Holding AG.		1,893
	36,047	*	Victoria Gold Corp		374

107

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	90,090		Victrex plc	$	2,744
	20,150		Vinati Organics Ltd		387
	186,620		Vinythai PCL (Foreign)		227
	97,606		Voestalpine AG.		4,042
	28,524		Vulcan Materials Co		4,813
	83,452		W R Grace & Co		4,995
	40,509		Wacker Chemie AG.		5,763
	575,213	*,e	Wallbridge Mining Co Ltd		279
	168,696		Wanhua Chemical Group Co Ltd		2,734
	81,189		Warrior Met Coal, Inc		1,391
	7,568,400		Waskita Beton Precast Tbk PT		111
	31,789		Weihai Guangwei Composites Co Ltd		338
	144,457	*	Wesdome Gold Mines Ltd		959
	893,257	*	West African Resources Ltd		522
	1,606,491		West China Cement Ltd		275
	77,340	e	West Fraser Timber Co Ltd		5,564
	321,510		Western Areas NL		503
	423,569	*	Westgold Resources Ltd		644
	65,509		Westlake Chemical Corp		5,817
	351,516		WestRock Co		18,296
	456,286		Wheaton Precious Metals Corp		17,428
	3,984,757		Wienerberger AG.		145,689
	34,055		Winpak Ltd		1,221
	55,809		Worthington Industries, Inc		3,744
	84,215		Xiamen Tungsten Co Ltd		237
	147,607		Yamama Cement Co		1,306
	870,213		Yamana Gold, Inc		3,781
	40,105		Yamato Kogyo Co Ltd		1,193
	59,425		Yanbu Cement Co		684
	104,874		Yanbu National Petrochemical Co		1,937
	150,735	e	Yara International ASA		7,852
	245,974		Yeun Chyang Industrial Co Ltd		232
	811,220	*	Yieh Phui Enterprise		380
	179,323		Yintai Gold Co Ltd		245
	22,255		Yodogawa Steel Works Ltd		494
	7,496		Youlchon Chemical Co Ltd		135
	299		Young Poong Corp		154
	231,000	*,†,e	Youyuan International Holdings Ltd		0	^
	899,849		Yuen Foong Yu Paper Manufacturing Co Ltd		993
	351,936		Yule Catto & Co plc		2,251
	19,641		Yunnan Energy New Material Co Ltd		337
	1,082,916		Zeon Corp		17,348
	895,080		Zhaojin Mining Industry Co Ltd		818
	61,353	*	Zhejiang Huayou Cobalt Co Ltd		650
	180,000		Zhejiang Juhua Co Ltd		254
	226,518		Zhejiang Longsheng Group Co Ltd		502
	205,496		Zhongjin Gold Corp Ltd		263
	25,005		Zignago Vetro S.p.A.		475
	5,099,232		Zijin Mining Group Co Ltd		6,306
	1,046,816		Zijin Mining Group Co Ltd (Class A)		1,554
			TOTAL MATERIALS		6,139,877
MEDIA & ENTERTAINMENT - 7.5%
	1,912,690		Activision Blizzard, Inc		177,880
	16,513		Addcn Technology Co Ltd		139
	200,504	*	Adevinta ASA		2,954

108

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	2,034,607	*,e	Advantage Solutions, Inc	$	24,029
	8,787	*	Affle India Ltd		659
	6,070		AfreecaTV Co Ltd		423
	7,000		Akatsuki, Inc		284
	5,401,173	*	Alibaba Pictures Group Ltd		705
	599,416	*	Alphabet, Inc (Class A)		1,236,307
	802,391	*	Alphabet, Inc (Class C)		1,659,850
	384,665	*	Altice USA, Inc		12,513
	558,222	*,e	AMC Entertainment Holdings, Inc		5,699
	38,698	*	AMC Networks, Inc		2,057
	19,040		Amuse, Inc		439
	1,562		APG SGA S.A.		361
	147,636		Arnoldo Mondadori Editore S.p.A.		270
	413,708		Ascential plc		1,921
	563,700		Astro Malaysia Holdings BHD		131
	77,212		Atresmedia Corp de Medios de Comunicacion S.A.		319
	2,604,688	*,g	Auto Trader Group plc		19,915
	23,323	e	Autohome, Inc (ADR)		2,175
	37,859	e	Avex Group Holdings, Inc		468
	635,299	*	Baidu, Inc (ADR)		138,209
	80,157		Beijing Enlight Media Co Ltd		147
	39,187		Beijing Kunlun Tech Co Ltd		143
	7,300	*,e	Bengo4.com, Inc		576
	337,700	*,e	Bilibili, Inc (ADR)		36,154
	1,125,083		Bollore		5,430
	410,586	*,e	Borussia Dortmund GmbH & Co KGaA		2,614
	21,113	*	Boston Omaha Corp		624
	7,000	*,e	Bushiroad, Inc		187
	8,597		Cable One, Inc		15,718
	143,200		Capcom Co Ltd		4,658
	33,393	*	Cardlytics, Inc		3,663
	265,401	*	Cargurus, Inc		6,324
	107,971	*	Cars.com, Inc		1,399
	514,122		carsales.com Ltd		6,992
	261,000	*,g	Cathay Media And Education Group, Inc		234
	65,181	*	CD Projekt Red S.A.		3,153
	317,011	*	Charter Communications, Inc		195,602
	25,959		Cheil Communications, Inc		489
	161,865	*,†	Chennai Super Kings Cricket Ltd		13
	11,385		China Film Co Ltd		25
	126,958	*,e,g	China Literature Ltd		1,263
	6,200		China South Publishing & Media Group Co Ltd		10
	163,987	*,e	Cinemark Holdings, Inc		3,347
	65,868	*,e	Cineplex Galaxy Income Fund		624
	1,059,624		Cineworld Group plc		1,409
	17,495	*	CJ CGV Co Ltd		436
	356,000		CMGE Technology Group Ltd		135
	16,502		Cogeco Communications, Inc		1,549
	5,538		Cogeco, Inc		427
	49,918	*	COLOPL, Inc		377
	6,815		Com2uSCorp		1,020
	13,072,329		Comcast Corp (Class A)		707,344
	82,016	*	comScore, Inc		300
	66,700	*	COOKPAD, Inc		189
	728,479		Corus Entertainment, Inc		3,316
	269,376		CTS Eventim AG.		15,643

109

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	467,240		CyberAgent, Inc	$	8,434
	104,969		Cyfrowy Polsat S.A.		785
	39,831		Daiichikosho Co Ltd		1,547
	1,068	*	Daily Journal Corp		338
	163,955	e	Daily Mail & General Trust plc		2,052
	181,811	*,e	Dena Co Ltd		3,556
	177,983		Dentsu, Inc		5,729
	79,501	*	DHI Group, Inc		266
	25,764		Dip Corp		678
	211,437	*,e	Discovery, Inc (Class A)		9,189
	420,964	*	Discovery, Inc (Class C)		15,529
	367,710	*	DISH Network Corp (Class A)		13,311
	262,707	*	Domain Holdings Australia Ltd		842
	340,264	*	DouYu International Holdings Ltd (ADR)		3,542
	10,514		Echo Marketing, Inc		245
	635,582		Electronic Arts, Inc		86,039
	338,920	*	Embracer Group AB		9,311
	41,276	*	Emerald Holding, Inc		228
	215,350	*	Entercom Communications Corp (Class A)		1,131
	421,437		Entravision Communications Corp (Class A)		1,703
	260,096	*	Eros STX Global Corp		471
	111,723		Euromoney Institutional Investor plc		1,469
	181,003	e	Eutelsat Communications		2,202
	48,318	*,e	Eventbrite Inc		1,071
	53,952	*	EverQuote Inc		1,958
	170,947		EW Scripps Co (Class A)		3,294
	5,162,808	*	Facebook, Inc		1,520,602
	30,429		FAN Communications, Inc		113
	22,478	*	Fenerbahce Futbol AS		83
	56,137	*	Fluent, Inc		230
	835,707		Focus Media Information Technology Co Ltd		1,189
	453,626		Fox Corp (Class A)		16,380
	215,597		Fox Corp (Class B)		7,531
	20,227	*	Frontier Developments plc		758
	50,300		Fuji Television Network, Inc		617
	447,352		Future plc		11,811
	17,100	*,e	GA Technologies Co Ltd		342
	30,448	*	Gaia, Inc		362
	41,548		Gakken Co Ltd		548
	110,691	*,e	Gannett Co, Inc		596
	2,070		G-bits Network Technology Xiamen Co Ltd		118
	36,365		Giant Network Group Co Ltd		81
	468,400	*,e	giftee, Inc		14,852
	490,201	*	Glu Mobile, Inc		6,118
	216,709		Gray Television, Inc		3,987
	123,150		Gree, Inc		624
	2,115,529	*	Grupo Televisa S.A.		3,765
	4,944,977	*	Grupo Televisa SAB (ADR)		43,812
	107,643	*	GungHo Online Entertainment Inc		2,133
	27,394	*	Gurunavi, Inc		153
	136,937		Hakuhodo DY Holdings, Inc		2,287
	26,599	*	Hemisphere Media Group, Inc		310
	39,500	*,e	Heroz, Inc		1,066
	252,000		Homeland Interactive Technology Ltd		161
	254,630	*	HT&E Ltd		337
	3,491,794	*,e	HUYA, Inc (ADR)		68,020

110

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	30,298		Hyundai Hy Communications & Network Co	$	129
	355,470	*	IAC/InterActive Corp		76,892
	3,464,488	*	iClick Interactive Asia Group Ltd (ADR)		40,777
	361,600	*,e,g	iDreamSky Technology Holdings Ltd		174
	828,000		IGG, Inc		1,070
	393,128	*	iHeartMedia, Inc		7,135
	89,500	g	IMAX China Holding, Inc		199
	75,974	*	Imax Corp		1,527
	69,910	*	Info Edge India Ltd		4,109
	1,417,694		Informa plc		10,946
	6,757		Innocean Worldwide, Inc		368
	33,099	*	Inox Leisure Ltd		129
	45,854		International Games System Co Ltd		1,224
	672,152		Interpublic Group of Cos, Inc		19,627
	39,621		IPSOS		1,495
	237,455	*,e	IQIYI, Inc (ADR)		3,946
	9,900		ITmedia, Inc		167
	8,256	*	Itokuro, Inc		91
	3,712,456		ITV plc		6,146
	79,973		JC Decaux S.A.		2,016
	4,185	*	Jcontentree Corp		189
	59,477		John Wiley & Sons, Inc (Class A)		3,224
	22,816	e	JOYY, Inc (ADR)		2,139
	25,895	*	Just Dial Ltd		307
	563,610	*,e	Juventus Football Club S.p.A.		519
	19,065		JYP Entertainment Corp		602
	50,862		Kadokawa Dwango Corp		1,980
	63,227	*	Kahoot! AS.		710
	76,614		Kakaku.com, Inc		2,097
	22,414		Kakao Corp		9,893
	27,900	*	Kamakura Shinsho Ltd		323
	14,571	e	Kinepolis Group NV		755
	36,184	*	KLab, Inc		264
	26,190		Koei Tecmo Holdings Co Ltd		1,179
	95,357		Konami Corp		5,693
	14,577		KT Skylife Co Ltd		111
	729,300	*,g	Kuaishou Technology		25,329
	53,022	e	Lagardere S.C.A.		1,392
	438,659		Leo Group Co Ltd		197
	10,573	*	Liberty Braves Group (Class A)		301
	105,882	*	Liberty Braves Group (Class C)		2,946
	32,978	*	Liberty Broadband Corp (Class A)		4,787
	223,978	*	Liberty Broadband Corp (Class C)		33,630
	34,498	*	Liberty Media Group (Class A)		1,318
	342,657	*	Liberty Media Group (Class C)		14,834
	113,785	*	Liberty SiriusXM Group (Class A)		5,016
	232,961	*	Liberty SiriusXM Group (Class C)		10,276
	114,437	*	Liberty TripAdvisor Holdings, Inc		730
	75,308	*	LIFULL Co Ltd		281
	330,494	*,e	Lions Gate Entertainment Corp (Class A)		4,941
	160,584	*	Lions Gate Entertainment Corp (Class B)		2,072
	225,181	*	Live Nation, Inc		19,062
	521,623	*,e	LiveXLive Media, Inc		2,264
	23,151		Loral Space & Communications, Inc		872
	39,694		M6-Metropole Television		848
	25,680	*	Madison Square Garden Co		4,609

111

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	25,311	*	Madison Square Garden Entertainment Corp	$	2,070
	1,398,169	*	Mail.Ru Group Ltd		32,018
	491,300		Major Cineplex Group PCL (Foreign)		353
	40,822		Mango Excellent Media Co Ltd		364
	36,169	*,e	Marcus Corp		723
	30,958		Marvelous, Inc		241
	1,678,793	*	Match Group, Inc		230,633
	3,483,198	*	Media Nusantara Citra Tbk PT		229
	12,789	*	MediaAlpha, Inc		453
	499,057	*	Mediaset Espana Comunicacion SA		2,964
	276,894	*,e	Mediaset S.p.A.		796
	258,699		Megacable Holdings SAB de C.V.		927
	1,646,000	*,g	Meitu, Inc		530
	108,824	*	Meredith Corp		3,241
	42,690	e	Mixi Inc		1,070
	375,697	*,g	Mobvista, Inc		284
	96,442	*	Modern Times Group AB (B Shares)		1,398
	62,115		Momo, Inc (ADR)		916
	53,180	*,e	MSG Networks, Inc		800
	21,100		MTI Ltd		154
	174,668		MultiChoice Group Ltd		1,521
	65,779		NanJi E-Commerce Co Ltd		92
	109,970		National CineMedia, Inc		508
	48,142		Naver Corp		16,118
	6,396		NCsoft		4,944
	9,643	*	Neowiz		200
	174,634		NetDragon Websoft, Inc		447
	162,819	e	NetEase, Inc		16,813
	876,860	*	Netflix, Inc		457,423
	8,387	g	Netmarble Corp		960
	4,141		New Work SE		1,076
	227,127	e	New York Times Co (Class A)		11,497
	1,231,969		News Corp (Class A)		31,329
	171,975		News Corp (Class B)		4,035
	294,060		Nexon Co Ltd		9,542
	66,059		Nexstar Media Group Inc		9,277
	7,253	*	NHN Corp		466
	1,519,344		Nine Entertainment Co Holdings Ltd		3,211
	225,330		Nintendo Co Ltd		127,004
	56,600		Nippon Television Network Corp		744
	75,230		Nordic Entertainment Group AB		3,345
	288,768		Omnicom Group, Inc		21,412
	551,396	*	oOh!media Ltd		734
	17,400		OPT, Inc		316
	99,796		Oriental Pearl Group Co Ltd		146
	109,805		Paradox Interactive AB		2,477
	2,244	*	Pearl Abyss Corp		613
	633,468		Pearson plc		6,755
	36,434		Perfect World Co Ltd		110
	640,830	*	Pinterest, Inc		47,441
	1,523,405		Plan B Media PCL		357
	106,911	*	Playtika Holding Corp		2,909
	1,055		PlayWay S.A.		146
	105,100	*,e	PR Times, Inc		3,376
	244,140	*	Promotora de Informaciones S.A.		279
	223,313		ProSiebenSat. Media AG.		4,561

112

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	61,008		Proto Corp	$	647
	182,423		Publicis Groupe S.A.		11,125
	34,860	*	PVR Ltd		588
	157,029		Quebecor, Inc		4,216
	108,286	*	QuinStreet, Inc		2,198
	51,914	*,e	Qutoutiao, Inc (ADR)		119
	86,504	g	RAI Way S.p.A		488
	44,242		REA Group Ltd		4,788
	1,571,723		Rightmove plc		12,612
	185,752	*	Roku, Inc		60,512
	50,600	e,g	Rovio Entertainment Oyj		394
	22,453	*	RPA Holdings, Inc		132
	339,400	*	RS PCL		316
	273,152	*	S4 Capital plc		1,905
	2,573	*,e	Saga Communications, Inc		56
	74,365		Sanoma-WSOY Oyj		1,249
	27,448	*	Saudi Research & Marketing Group		570
	107,490		Schibsted ASA		4,518
	82,408		Schibsted ASA (B Shares)		2,954
	44,195		Scholastic Corp		1,331
	283,160	g	Scout24 AG.		21,481
	185,920	*	Sea Ltd (ADR)		41,503
	463,012	*	Seek Ltd		10,092
	2,312,600		Septeni Holdings Co Ltd		10,205
	356,397		SES S.A.		2,827
	424,241		Shaw Communications, Inc (B Shares)		11,032
	9,001	*	Shochiku Co Ltd		1,118
	69,219	e	Sinclair Broadcast Group, Inc (Class A)		2,025
	1,802,500	e	Singapore Press Holdings Ltd		2,054
	1,635,517	e	Sirius XM Holdings, Inc		9,960
	483,258		Sky Perfect Jsat Corp		2,151
	14,103	*	SM Entertainment Co		370
	617,600	*,†,e	SMI Holdings Group Ltd		1
	45,797		Smiles Fidelidade S.A.		173
	210,645	*	Snap, Inc		11,015
	47,454	e	Societe Television Francaise 1		432
	47,540		Soft-World International Corp		198
	22,341	*	Sohu.com Ltd (ADR)		351
	296,322	*	Southern Cross Media Group		469
	135,856	*,e	So-Young International, Inc (ADR)		1,341
	208,756	*	Spotify Technology S.A.		55,936
	40,700		Square Enix Co Ltd		2,264
	303,260	*	Stillfront Group AB		2,803
	36,391	*	Storytel AB		966
	29,134		Stroer Out-of-Home Media AG.		2,374
	12,814,300	*	Surya Citra Media Tbk PT		1,503
	676,596	*	Take-Two Interactive Software, Inc		119,554
	3,034	*	Tamedia AG.		243
	125,573	*	Team17 Group plc		1,393
	80,117	*	TechTarget, Inc		5,564
	553,634		TEGNA, Inc		10,425
	46,448	e	Telenet Group Holding NV		1,883
	569,862	h	Television Broadcasts Ltd		593
	2,729		TEN Square Games S.A.		357
	8,204,759		Tencent Holdings Ltd		654,801
	144,497	*,e	Tencent Music Entertainment (ADR)		2,961

113

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	8,400	e	Toei Animation Co Ltd	$	901
	5,684		Toei Co Ltd		1,228
	48,845		Toho Co Ltd		1,985
	36,600		Tokyo Broadcasting System, Inc		720
	131,200	*	Tongdao Liepin Group		370
	23,554	*	Tribune Publishing Co		424
	142,169	*	TripAdvisor, Inc		7,647
	159,603	*	TrueCar, Inc		764
	24,551		TV Asahi Corp		463
	6,500		TV Tokyo Corp		140
	379,786	*	TV18 Broadcast Ltd		150
	1,689,593	*	Twitter, Inc		107,509
	251,060	*	Ubisoft Entertainment		19,082
	10,900	*,e	UUUM Co Ltd		182
	17,458		ValueCommerce Co Ltd		569
	32,335	*	Vector, Inc		380
	2,738,500		VGI PCL		637
	13,930	n	ViacomCBS, Inc (Class A)		657
	781,836	e,n	ViacomCBS, Inc (Class B)		35,261
	864,621		Vivendi Universal S.A.		28,380
	4,150,063	*	Walt Disney Co		765,770
	16,176	*	Webzen, Inc		595
	23,226	*,e	Weibo Corp (ADR)		1,172
	6,898		WeMade Entertainment Co Ltd		367
	287,988	*,e	WideOpenWest, Inc		3,914
	73,591	e	World Wrestling Entertainment, Inc (Class A)		3,993
	1,400		Wowow, Inc		36
	1,536,047		WPP plc		19,575
	57,323		Wuhu Shunrong Sanqi Interactive Entertainment Network Technology Co Ltd		192
	68,600	*	XD, Inc		418
	866,267	*	Yandex NV		55,493
	223,524	*	Yelp, Inc		8,717
	7,671	*	YG Entertainment, Inc		303
	512,840		YouGov plc		7,088
	2,220,039		Z Holdings Corp		11,074
	356,127		ZEE Telefilms Ltd		994
	35,450		Zenrin Co Ltd		426
	508,113	*	Zhejiang Century Huatong Group Co Ltd		555
	63,000		ZIGExN Co Ltd		250
	83,807	*	Zillow Group, Inc (Class A)		11,011
	234,954	*,e	Zillow Group, Inc (Class C)		30,459
	1,398,037	*	Zynga, Inc		14,274
			TOTAL MEDIA & ENTERTAINMENT		9,856,613
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 6.3%
	259,442	*	10X Genomics, Inc		46,959
	535,151	*,g	3SBio, Inc		474
	5,006	*	4D Molecular Therapeutics, Inc		217
	43,178	*,e	89bio, Inc		1,022
	33,450		Aarti Drugs Ltd		318
	28,806	*,e	AB Science S.A.		505
	5,459,421		AbbVie, Inc		590,819
	220,428	*	Abcam plc		4,227
	47,437	*,e	Abeona Therapeutics, Inc		89
	20,552	*	ABLBio, Inc		399

114

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	510,779	*	Acadia Pharmaceuticals, Inc	$	13,178
	84,518	*	Acceleron Pharma, Inc		11,461
	152,213	*,e	AcelRx Pharmaceuticals, Inc		259
	124,450	*	Adaptive Biotechnologies Corp		5,010
	39,398		Adcock Ingram Holdings Ltd		118
	227,000	*	Adimmune Corp		454
	721,798	*,e	ADMA Biologics, Inc		1,270
	173,592	*	Adverum Biotechnologies, Inc		1,712
	29,721	*	Aeglea BioTherapeutics, Inc		235
	90,988	*,e	Aerie Pharmaceuticals, Inc		1,626
	218,328	*	Affimed NV		1,727
	275,021	*,e	Agenus, Inc		748
	53,814	*,e	Agile Therapeutics, Inc		112
	70,637		Agilent Technologies, Inc		8,981
	96,365	*,e	Agios Pharmaceuticals, Inc		4,976
	19,335		Ajanta Pharma Ltd		475
	102,754	*	Akebia Therapeutics, Inc		348
	11,050	*,e	Akero Therapeutics, Inc		321
	17,329	*,e	Akouos, Inc		240
	15,436	*	Albireo Pharma, Inc		544
	75,281	*,†,e	Alder Biopharmaceuticals Inc		66
	73,805	*,e	Alector, Inc		1,486
	45,095	*	Alembic Pharmaceuticals Ltd		596
	249,439	*	Alexion Pharmaceuticals, Inc		38,142
	6,966	*,e	Aligos Therapeutics, Inc		158
	6,741	*	ALK-Abello AS		2,560
	721,496	*	Alkermes plc		13,478
	37,272	*	Allakos, Inc		4,278
	507,032		Alliance Pharma plc		657
	68,637	*	Allogene Therapeutics, Inc		2,423
	27,097	*,e	Allovir, Inc		634
	73,674		Almirall S.A.		1,117
	184,438	*	Alnylam Pharmaceuticals, Inc		26,041
	10,637	*	Alteogen, Inc		846
	38,560	*,e	ALX Oncology Holdings, Inc		2,843
	599,440		Amgen, Inc		149,147
	10,710	*	Amicogen, Inc		360
	753,978	*	Amicus Therapeutics, Inc		7,449
	1,020,985	*	Amneal Pharmaceuticals, Inc		6,871
	60,764	*	Amphastar Pharmaceuticals, Inc		1,113
	81,474	*	AnaptysBio, Inc		1,756
	90,331	*,e	Anavex Life Sciences Corp		1,350
	123,072	*,e	AnGes MG, Inc		1,191
	3,362	*	Angion Biomedica Corp		61
	16,655	*,e	ANI Pharmaceuticals, Inc		602
	21,929	*	Anika Therapeutics, Inc		894
	24,784	*,e	Annexon, Inc		690
	4,695	*	Anterogen Co Ltd		204
	1,287,120	*,†	Anxin-China Holdings Ltd		2
	75,928	*	Apellis Pharmaceuticals, Inc		3,258
	36,271		Apeloa Pharmaceutical Co Ltd		158
	286,413	*,e	Aphria, Inc		5,262
	49,815	*,e	Applied Genetic Technologies Corp		253
	18,848	*	Applied Molecular Transport, Inc		830
	10,989	*,e	Applied Therapeutics, Inc		206
	5,603	*,e	Aprea Therapeutics, Inc		29

115

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	61,052	*,e	Aptinyx, Inc	$	183
	183,799	*,e	Aquestive Therapeutics, Inc		956
	9,590	*,e	Aravive Inc		63
	19,126	*,e	Arcturus Therapeutics Holdings, Inc		790
	48,648	*	Arcus Biosciences, Inc		1,366
	118,704	*,e	Arcutis Biotherapeutics, Inc		3,434
	146,407	*	Ardelyx, Inc		969
	142,607	*	Arena Pharmaceuticals, Inc		9,896
	67,939	*	Argenx SE		18,681
	11,962	*	Argenx SE		3,288
	181,854	*,e	Arrowhead Pharmaceuticals Inc		12,059
	112,614	*	Arvinas, Inc		7,444
	272,000	*,g	Ascletis Pharma, Inc		98
	20,596		ASKA Pharmaceutical Co Ltd		275
	149,981	*	Aspen Pharmacare Holdings Ltd		1,465
	36,914	*	Assembly Biosciences, Inc		170
	1,085,984		Astellas Pharma, Inc		16,729
	3,627		AstraZeneca Pharma India Ltd		150
	4,048,987		AstraZeneca plc		404,123
	1,298,971	e	AstraZeneca plc (ADR)		64,585
	6,016		Asymchem Laboratories Tianjin Co Ltd		266
	344,776	*	Atara Biotherapeutics, Inc		4,951
	12,883	*	Atea Pharmaceuticals, Inc		796
	49,162	*,e	Athenex, Inc		211
	143,572	*,e	Athersys, Inc		258
	9,187	*	Athira Pharma, Inc		169
	37,689	*,e	Atreca, Inc		578
	112,152	*,e	Aurinia Pharmaceuticals, Inc		1,458
	544,393		Aurobindo Pharma Ltd		6,579
	231,211	*,e	Aurora Cannabis, Inc		2,151
	1,084,110	*	Avacta Group plc		3,288
	3,537,562	*	Avantor, Inc		102,342
	5,456	*,e	Avenue Therapeutics, Inc		33
	18,243	*,e	AVEO Pharmaceuticals, Inc		134
	500,082	*,e	Avid Bioservices, Inc		9,117
	23,866	*,e	Avidity Biosciences, Inc		521
	25,291	*	Avrobio, Inc		321
	15,938	*,e	Axcella Health, Inc		76
	198,877	*	Axsome Therapeutics, Inc		11,260
	237,935	*,e	Aytu BioScience, Inc		1,808
	1,353	*	Aziyo Biologics, Inc		19
	5,433		Bachem Holding AG.		2,326
	11,894	*,e	Basilea Pharmaceutica		584
	291,096	*	Bausch Health Cos, Inc		9,235
	59,575	*,e	Bavarian Nordic AS		2,686
	1,383,199		Bayer AG.		87,657
	44,034	*,e	Beam Therapeutics, Inc		3,524
	25,858	*	BeiGene Ltd (ADR)		9,001
	35,391		Beijing Tiantan Biological Products Corp Ltd		177
	190,000		Beijing Tong Ren Tang Chinese Medicine Co Ltd		260
	38,388	*,e	Berkeley Lights, Inc		1,928
	6,761		Betta Pharmaceuticals Co Ltd		110
	102,287	*,e	Beyondspring Inc		1,132
	10,620		BGI Genomics Co Ltd		200
	27,156	*	Binex Co Ltd		614
	37,664	g	BioArctic AB		392

116

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	9,603	*	BioAtla, Inc	$	488
	161,693	*	Biocon Ltd		906
	461,509	*,e	BioCryst Pharmaceuticals, Inc		4,694
	578,886	*	BioDelivery Sciences International, Inc		2,263
	17,894		Biogaia AB (B Shares)		840
	239,738	*	Biogen, Inc		67,067
	78,651	*	Biohaven Pharmaceutical Holding Co Ltd		5,376
	439,620	*	BioMarin Pharmaceutical, Inc		33,196
	13,830	*	Bioneer Corp		199
	1	*	BioNTech SE (ADR)		0	^
	21,696	*	Bio-Rad Laboratories, Inc (Class A)		12,392
	64,495		Biotage AB		1,137
	24,027		Bio-Techne Corp		9,177
	15,645	*,e	Bioxcel Therapeutics Inc		675
	12,647	*,e	Black Diamond Therapeutics, Inc		307
	114,326	*	Bluebird Bio, Inc		3,447
	75,313	*	Blueprint Medicines Corp		7,323
	5,035		Boiron S.A.		211
	8,231	*,e	Bolt Biotherapeutics, Inc		271
	51,293	*,e,g	BoneSupport Holding AB		352
	17,350		Boryung Pharmaceutical Co Ltd		320
	23,647	*,e	BrainStorm Cell Therapeutics, Inc		91
	107,836	*,e	Bridgebio Pharma, Inc		6,643
	4,099,723		Bristol-Myers Squibb Co		258,816
	28,889		Bruker BioSciences Corp		1,857
	27,572		Bukwang Pharmaceutical Co Ltd		577
	71,156	*,e	C4 Therapeutics, Inc		2,632
	41,527	*,e	Cabaletta Bio, Inc		461
	49,785	*	Calithera Biosciences, Inc		120
	29,479	*,e	Calliditas Therapeutics AB		411
	11,271	*,e	Calyxt, Inc		68
	28,197	*	Camurus AB		673
	203,759	*,e	Canopy Growth Corp (Toronto)		6,544
	28,475	*,g	CanSino Biologics, Inc		1,080
	92,875	*,e	Cantargia AB		329
	215,103	*,e	Cara Therapeutics, Inc		4,670
	161,860	*	CareDx, Inc		11,021
	2,312		Caregen Co Ltd		134
	90,864	*	CASI Pharmaceuticals, Inc		218
	141,219	*,e	Cassava Sciences, Inc		6,348
	27,495	*,e	Catabasis Pharmaceuticals, Inc		79
	752,053	*	Catalent, Inc		79,199
	60,870	*	Catalyst Biosciences, Inc		307
	234,882	*	Catalyst Pharmaceuticals, Inc		1,083
	42,357	*	Cellectis S.A.		841
	25,673	*,e	CELLINK AB		1,103
	9,356	*	Cellivery Therapeutics, Inc		1,057
	2,000	*	CellSource Co Ltd		220
	6,807	*	Celltrion Pharm Inc		908
	83,119	*	Celltrion, Inc		23,956
	25,603	*,e	CEL-SCI Corp		389
	242,765		Center Laboratories, Inc		583
	15,339	*	Centogene NV		186
	110,890	*,e	Cerecor Inc		335
	5,806	*,e	Champions Oncology, Inc		66

117

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	9,714		Changchun High & New Technology Industry Group, Inc	$	674
	88,838	*	Charles River Laboratories International, Inc		25,748
	189,684	*,e	Charlottes Web Holdings, Inc		854
	7,515	*,e	Checkmate Pharmaceuticals, Inc		91
	45,111	*,e	Checkpoint Therapeutics Inc		142
	200,585	*	ChemoCentryx, Inc		10,278
	44,144		Chemometec A.S.		4,175
	20,034		Chengdu Kanghong Pharmaceutical Group Co Ltd		90
	39,707	*	Chiasma, Inc		124
	171,424	*,e	Chimerix, Inc		1,653
	1,212,000	e	China Grand Pharmaceutical and Healthcare Holdings Ltd		962
	534,660		China Medical System Holdings Ltd		1,062
	646,393	g	China Resources Pharmaceutical Group Ltd		404
	12,220		China Resources Sanjiu Medical & Pharmaceutical Co Ltd		46
	584,560		China Shineway Pharmaceutical Group Ltd		388
	16,247	*,e	Chinook Therapeutics, Inc		252
	2,011		Chong Kun Dang Pharm Corp		185
	5,207		Chong Kun Dang Pharmaceutical Corp		639
	37,980		Chongqing Zhifei Biological Products Co Ltd		1,006
	9,183		Choongwae Pharma Corp		241
	32,052	*,e	ChromaDex Corp		299
	383,406		Chugai Pharmaceutical Co Ltd		15,579
	92,768	*,e	Cidara Therapeutics, Inc		247
	272,788	*	Cipla Ltd		3,048
	3,094,000	e	CK Life Sciences International Holdings, Inc		328
	128,547		Clinigen Group plc		1,374
	35,710		Clinuvel Pharmaceuticals Ltd		736
	181,796	*,e	Clovis Oncology, Inc		1,276
	76,893	*	CMG Pharmaceutical Co Ltd		298
	175,151	*	Codexis, Inc		4,009
	4,397	*	Codiak Biosciences, Inc		66
	25,782	*,e	Cohbar, Inc		35
	156,182	*,e	Coherus Biosciences, Inc		2,282
	27,250	*	Collegium Pharmaceutical, Inc		646
	86,597	*,e	Compugen Ltd		744
	47,767	*	Concert Pharmaceuticals, Inc		238
	22,847	*	Constellation Pharmaceuticals, Inc		534
	324,126		Consun Pharmaceutical Group Ltd		167
	20,901	*,e	ContraFect Corp		100
	55,568	*,e	Corbus Pharmaceuticals Holdings, Inc		109
	110,834	*	Corcept Therapeutics, Inc		2,637
	121,676	*,e	CorMedix Inc		1,216
	11,904	*,e	Cortexyme Inc		429
	8,508	*,e	COSMO Pharmaceuticals NV		748
	47,907	*	Crinetics Pharmaceuticals, Inc		732
	33,706	*	CRISPR Therapeutics AG.		4,107
	204,127	*,e	Cronos Group, Inc		1,930
	30,902	*	CrystalGenomics, Inc		390
	376,507		CSL Ltd		76,094
	3,552,054		CSPC Pharmaceutical Group Ltd		4,319
	549,500	*,e,g	CStone Pharmaceuticals		657
	21,663	*	Cue Biopharma, Inc		264
	10,435	*	Cullinan Oncology, Inc		435

118

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	108,929	*,e	Cymabay Therapeutics, Inc	$	495
	105,807	*,e	Cytokinetics, Inc		2,461
	41,891	*	CytomX Therapeutics, Inc		324
	95,247		Da An Gene Co Ltd of Sun Yat-Sen University		442
	10,755		Daewon Pharmaceutical Co Ltd		153
	17,860		Daewoong Co Ltd		518
	3,602		Daewoong Pharmaceutical Co Ltd		427
	5,974,384		Daiichi Sankyo Co Ltd		174,307
	12,201		Daito Pharmaceutical Co Ltd		397
	677,419		Dechra Pharmaceuticals plc		32,032
	4,477	*	Decibel Therapeutics, Inc		51
	46,311	*	Deciphera Pharmaceuticals, Inc		2,077
	88,518	*	Denali Therapeutics, Inc		5,054
	22,852		Dermapharm Holding SE		1,635
	17,541	*,e	DermTech, Inc		891
	139,758	*	Dicerna Pharmaceuticals, Inc		3,574
	52,295	*	Divi S Laboratories Ltd		2,595
	2,505		Dong-A Pharmaceutical Co Ltd		239
	3,983		Dong-A ST Co Ltd		295
	17,671		Dong-E-E-Jiao Co Ltd		102
	18,276		DongKook Pharmaceutical Co Ltd		453
	14,841	*	Dongsung Pharmaceutical Co Ltd		156
	13,513		Dongwha Pharm Co Ltd		170
	238,873		Dr Reddy’s Laboratories Ltd		14,778
	96,374	e	Dr Reddys Laboratories Ltd (ADR)		5,916
	270,900		Duopharma Biotech Bhd		180
	331,759	*	Durect Corp		657
	14,916	*,e	Dyadic International, Inc		82
	170,497	*,e	Dynavax Technologies Corp		1,676
	10,901	*	Dyne Therapeutics, Inc		169
	7,780	*	Eagle Pharmaceuticals, Inc		325
	160,669	*	Ecofibre Ltd		147
	142,338	*,e	Editas Medicine, Inc		5,978
	25,796	*	Eiger BioPharmaceuticals, Inc		228
	447,818		Eisai Co Ltd		30,100
	515,094	*	Elanco Animal Health, Inc		15,170
	1,557,608		Eli Lilly & Co		290,992
	20,429	*,e	Eloxx Pharmaceuticals, Inc		68
	99,819	*	Emergent Biosolutions, Inc		9,274
	27,797	*,e	Enanta Pharmaceuticals, Inc		1,371
	270,214	*,e	Endo International plc		2,002
	9,427	*,e	Enochian Biosciences Inc		33
	4,914	*	Enzychem Lifesciences Corp		531
	33,862	*	Eone Diagnomics Genome Center Co Ltd		148
	93,244	*,e	Epizyme, Inc		812
	29,600		EPS Co Ltd		303
	39,199	*	Ergomed plc		648
	27,577	g	Eris Lifesciences Ltd		229
	56,220	*,e	Esperion Thereapeutics, Inc		1,577
	246,000	e	Essex Bio-technology Ltd		165
	12,587	*,e	Eton Pharmaceuticals, Inc		92
	18,826	*	Eubiologics Co Ltd		343
	212,190		Eurofins Scientific SE		20,281
	4,885	*	Eutilex Co Ltd		171
	17,467	*,e	Evelo Biosciences, Inc		187
	64,566	*,e	Evofem Biosciences Inc		113

119

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	18,652	*,e	Evolus, Inc	$	242
	142,537	*	Evotec AG.		5,136
	263,975	*	Exact Sciences Corp		34,787
	466,341	*,e	Exelixis, Inc		10,535
	82,376	*,e	Exicure, Inc		180
	527,447		Faes Farma S.A. (Sigma)		2,261
	157,954	*	Fate Therapeutics, Inc		13,023
	32,059	*	FDC Ltd		126
	45,224	*,e	Fennec Pharmaceuticals, Inc		281
	91,451	*	FibroGen, Inc		3,174
	135,615	*,e	Five Prime Therapeutics, Inc		5,109
	138,674	*,e	Flexion Therapeutics, Inc		1,241
	299,333	*,e	Fluidigm Corp		1,353
	4,671	*	Foghorn Therapeutics, Inc		62
	61,709	*	Forma Therapeutics Holdings, Inc		1,729
	60,713	*,e	Fortress Biotech, Inc		214
	19,009	*,e	Frequency Therapeutics, Inc		181
	15,900		Fuji Pharma Co Ltd		183
	103,742	*,e	Fulcrum Therapeutics, Inc		1,222
	213,802	*,e	G1 Therapeutics, Inc		5,144
	2,889	*	Galapagos NV		224
	33,351	*,e	Galectin Therapeutics, Inc		72
	6,797	*	Galera Therapeutics, Inc		60
	29,933	*	GeneOne Life Science, Inc		310
	35,144	*,e	Generation Bio Co		1,000
	25,400	*	Genetron Holdings Ltd (ADR)		545
	13,838	*	Genexine Co Ltd		1,175
	242,476	*	Genmab A.S. (ADR)		7,960
	131,082	*	Genmab AS		43,112
	603,156	*,e	Genomma Lab Internacional S.A. de C.V.		608
	23,544	*,e	Genprex, Inc		101
	447,386	*	Genscript Biotech Corp		792
	80,364		Genus plc		5,382
	440,618	*,e	Geron Corp		696
	32,765		Gerresheimer AG.		3,254
	3,068,492		Gilead Sciences, Inc		198,317
	1,443,793		GlaxoSmithKline plc		25,559
	231,710		Glenmark Pharmaceuticals Ltd		1,477
	251,267	*	Global Blood Therapeutics, Inc		10,239
	353,285	*,e	GlycoMimetics, Inc		1,063
	39,901	*,e	GNI Group Ltd		786
	213,968	*,e	Gossamer Bio, Inc		1,979
	94,975		Granules India Ltd		395
	4,341	*,e	Graybug Vision, Inc		24
	4,877		Green Cross Cell Corp		181
	4,437		Green Cross Corp		1,419
	15,691		Green Cross Holdings Corp		486
	4,129		Green Cross LabCell Corp		372
	20,365	e	Grifols S.A.		533
	40,756	*,e	Gritstone Oncology, Inc		384
	17,531	*	G-treeBNT Co Ltd		183
	12,812		Guangzhou Baiyunshan Pharmaceutical Holdings Co Ltd		55
	8	*	GW Pharmaceuticals plc		0	^
	4,571		H Lundbeck AS		156
	301,624	*	Halozyme Therapeutics, Inc		12,575

120

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	24,414	*	Hanall Biopharma Co Ltd	$	495
	7,082		Handok Pharmaceuticals Co Ltd		172
	319,270		Hangzhou Tigermed Consulting Co Ltd		7,356
	116,253	*,g	Hangzhou Tigermed Consulting Co Ltd (Hong Kong)		2,315
	2,407		Hanmi Pharm Co Ltd		675
	31,562	*	Hansa Biopharma AB		549
	1,119,839	*,g	Hansoh Pharmaceutical Group Co Ltd		5,372
	42,231	*,e	Harmony Biosciences Holdings, Inc		1,395
	71,718	*	Harpoon Therapeutics, Inc		1,500
	18,717	*,e	Harrow Health, Inc		126
	52,793	*	Harvard Bioscience, Inc		288
	23,000	*,e	HEALIOS KK		348
	23,908	*	Helixmith Co Ltd		547
	219,649	*,e	Heron Therapeutics, Inc		3,561
	13,903		Hikma Pharmaceuticals plc		436
	74,134		Hisamitsu Pharmaceutical Co, Inc		4,837
	24,247	*	Homology Medicines, Inc		228
	32,630	*,e	Hookipa Pharma, Inc		439
	1,100,575	*	Horizon Therapeutics Plc		101,297
	2,548,684	*,†,e	Hua Han Health Industry Holdings Ltd		20
	48,020		Hualan Biological Engineering, Inc		292
	47,135		Hubei Jumpcan Pharmaceutical Co Ltd		144
	4,757	*	Hugel, Inc		752
	33,454		Humanwell Healthcare Group Co Ltd		157
	4,362		Huons Co Ltd		217
	4,233		Huons Global Co Ltd		115
	30,543	*	Hutchison China MediTech Ltd (ADR)		863
	144,544		Hypermarcas S.A.		823
	165,608	*,e	iBio, Inc		255
	63,197	*,e	ICON plc		12,410
	36,949	*	Ideaya Biosciences, Inc		868
	109,662	*,e	Idorsia Ltd		2,942
	6,149	*,e	IGM Biosciences, Inc		472
	7,562	*	Il Dong Pharmaceutical Co Ltd		106
	458,116	*	Illumina, Inc		175,944
	44,979		Ilyang Pharmaceutical Co Ltd		1,321
	14,913	*,e	IMARA, Inc		126
	28,444	*	Immunic, Inc		453
	22,640	*,e	ImmunityBio, Inc		537
	378,891	*	Immunogen, Inc		3,069
	1,342	*,e	Immunome, Inc		45
	109,000	*	Immunotech Biopharm Ltd		236
	86,740	*	Immunovant, Inc		1,391
	241,895	*	Incyte Corp		19,659
	800,583	*	Indivior plc		1,402
	5,439	*	Inhibrx, Inc		109
	66,526	*,e	Innate Pharma S.A.		291
	984,000	*,g	InnoCare Pharma Ltd		2,313
	1,181,573	*,g	Innovent Biologics, Inc		12,084
	237,840	*,e	Innoviva, Inc		2,842
	597,665	*,e	Inovio Pharmaceuticals, Inc		5,546
	8,469	*	Inozyme Pharma, Inc		168
	181,641	*	Insmed, Inc		6,187
	137,797	*	Intellia Therapeutics, Inc		11,059
	19,119	*	Intercept Pharmaceuticals, Inc		441
	131,133	*	Intra-Cellular Therapies, Inc		4,449

121

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	19,971	*	iNtRON Biotechnology, Inc	$	457
	299,736	*,e	Invitae Corp		11,453
	15,314		IOL Chemicals and Pharmaceuticals Ltd		116
	369,973	*	Ionis Pharmaceuticals, Inc		16,634
	203,377	*	Iovance Biotherapeutics, Inc		6,439
	27,189		Ipca Laboratories Ltd		709
	2,819		Ipsen		242
	516,015	*	IQVIA Holdings, Inc		99,663
	461,135	*	Ironwood Pharmaceuticals, Inc		5,155
	45,074	*	iTeos Therapeutics, Inc		1,541
	163,648	*	IVERIC bio, Inc		1,011
	329,276	*,e	Jazz Pharmaceuticals plc		54,123
	29,080		JB Chemicals & Pharmaceuticals Ltd		501
	58,244		JCR Pharmaceuticals Co Ltd		1,888
	3,626		Jeil Pharmaceutical Co Ltd		129
	8,528	*	JETEMA Co Ltd		148
	125,997		Jiangsu Hengrui Medicine Co Ltd		1,779
	31,766		Jilin Aodong Pharmaceutical Group Co Ltd		77
	12,415		Jinyu Bio-Technology Co Ltd		36
	4,972,086		Johnson & Johnson		817,162
	39,658		Joincare Pharmaceutical Group Industry Co Ltd		78
	84,416	*	Jounce Therapeutics, Inc		867
	54,607	*	Jubilant Organosys Ltd		510
	151,737	*	Kadmon Holdings, Inc		590
	67,679		Kaken Pharmaceutical Co Ltd		2,652
	160,461	*,e	Kala Pharmaceuticals, Inc		1,082
	7,182,506		Kalbe Farma Tbk PT		776
	19,701	*,e	Kaleido Biosciences Inc		160
	23,598	*	KalVista Pharmaceuticals Inc		606
	72,227	*,e	Karo Pharma AB		424
	20,431	*,e	Karuna Therapeutics, Inc		2,456
	247,540	*,e	Karyopharm Therapeutics, Inc		2,604
	64,147	*	Keros Therapeutics, Inc		3,948
	87,902	*	Kezar Life Sciences, Inc		524
	32,738	*	Kindred Biosciences, Inc		163
	19,157	*	Kiniksa Pharmaceuticals Ltd		355
	8,593	*	Kinnate Biopharma, Inc		268
	22,300		Kissei Pharmaceutical Co Ltd		494
	108,944	*	Knight Therapeutics, Inc		471
	37,529	*	Kodiak Sciences, Inc		4,255
	28,385	*	Komipharm International Co Ltd		258
	6,701		Korea United Pharm Inc		294
	9,896	*,e	Kronos Bio, Inc		290
	11,210	*	Krystal Biotech Inc		864
	65,016	*	Kura Oncology, Inc		1,838
	23,675		Kwang Dong Pharmaceutical Co Ltd		180
	9,412	*	Kymera Therapeutics, Inc		366
	35,881		Kyorin Co Ltd		626
	221,415		Kyowa Hakko Kogyo Co Ltd		6,631
	10,639		L&C Bio Co Ltd		315
	87,070	*,e	La Jolla Pharmaceutical Co		369
	3,176	*	Landos Biopharma, Inc		31
	56,996	*,e	Lannett Co, Inc		301
	409,906	g	Laurus Labs Ltd		2,034
	177,500		Lee’s Pharmaceutical Holdings Ltd		136
	12,709	*	LegoChem Biosciences, Inc		634

122

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	167,311	*	Lexicon Pharmaceuticals, Inc	$	982
	30,411	*	Ligand Pharmaceuticals, Inc (Class B)		4,636
	31,419	*,e	Liquidia Corp		85
	6,117		Livzon Pharmaceutical Group, Inc		39
	16,240	*,e	LogicBio Therapeutics, Inc		118
	321,911		Lonza Group AG.		180,045
	70,000	*	Lotus Pharmaceutical Co Ltd		191
	107,171	e	Luminex Corp		3,419
	87,847		Lupin Ltd		1,229
	1,354,000	g	Luye Pharma Group Ltd		867
	17,913	*,e	Lyra Therapeutics, Inc		208
	25,778		Maccura Biotechnology Co Ltd		160
	135,203	*	MacroGenics, Inc		4,306
	6,313	*,e	Madrigal Pharmaceuticals, Inc		738
	76,463	*	Magenta Therapeutics, Inc		905
	889,534	*,e	MannKind Corp		3,487
	198,252	*	Maravai LifeSciences Holdings, Inc		7,066
	20,850	*,e	Marinus Pharmaceuticals, Inc		323
	24,518	*,e	Marker Therapeutics Inc		55
	3,143,484	*	Mayne Pharma Group Ltd		838
	38,034	*,e	MediciNova, Inc		192
	102,000	*	Medigen Vaccine Biologics Corp		1,033
	75,267	*	Medpace Holdings, Inc		12,348
	8,510	*	MedPacto, Inc		672
	3,539		Medy-Tox, Inc		594
	273,130		Mega Lifesciences PCL		299
	89,413	*	MEI Pharma, Inc		307
	33,842	*	MeiraGTx Holdings plc		488
	6,017,957		Merck & Co, Inc		463,924
	215,631		Merck KGaA		36,885
	5,383		Merck Ltd		457
	83,775	*	Mersana Therapeutics, Inc		1,355
	473,074	*,e	Mesoblast Ltd		783
	3,798	*	Metacrine, Inc		24
	40,138	*	Mettler-Toledo International, Inc		46,387
	5,069	*	Mezzion Pharma Co Ltd		680
	26,279	*,e	Minerva Neurosciences, Inc		77
	60,048	*	Mirati Therapeutics, Inc		10,286
	4,291	*,e	Mirum Pharmaceuticals, Inc		85
	16,004	*,e	Mithra Pharmaceuticals S.A.		508
	26,375		Mochida Pharmaceutical Co Ltd		1,024
	8,800	*,e	Modalis Therapeutics Corp		167
	294,100	*	Moderna, Inc		38,512
	21,122	*,e	Molecular Partners AG.		511
	20,210	*	Molecular Templates, Inc		255
	26,953	*	Morphic Holding, Inc		1,706
	41,022	*	Morphosys AG.		3,573
	624,606	*,e	Mustang Bio, Inc		2,074
	111,158	*	Myriad Genetics, Inc		3,385
	11,683		Nanjing King-Friend Biochemical Pharmaceutical Co Ltd		71
	144,618	*	NanoString Technologies, Inc		9,503
	69,621		Natco Pharma Ltd		788
	254,648	*	Natera, Inc		25,857
	196,337	*,e	Nektar Therapeutics		3,927
	204,814	*	NeoGenomics, Inc		9,878

123

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	42,402	*,e	Neoleukin Therapeutics, Inc	$	522
	44,366	*,e	Neubase Therapeutics, Inc		328
	5,364	*	NeuroBo Pharmaceuticals, Inc		24
	141,023	*	Neurocrine Biosciences, Inc		13,714
	4,119	*	NexImmune, Inc		79
	17,703	*,e	NextCure Inc		177
	70,605	*	NGM Biopharmaceuticals Inc		2,052
	51,702	e	Nichi-iko Pharmaceutical Co Ltd		466
	21,100		Nippon Shinyaku Co Ltd		1,571
	30,540	*,e	Nkarta, Inc		1,005
	22,474	*	NKMax Co Ltd		360
	84,018	*	Novacyt S.A.		824
	1,243,454		Novartis AG.		106,291
	149,087	*,e	Novavax, Inc		27,031
	1,379,147		Novo Nordisk AS		92,932
	47,276	*,e	Nurix Therapeutics, Inc		1,470
	32,539	*,e	Nymox Pharmaceutical Corp		72
	98,963	*	OBI Pharma, Inc		522
	71,499	*,e	Ocular Therapeutix, Inc		1,173
	7,773	*	Olema Pharmaceuticals, Inc		258
	90,608	*,e	Omeros Corp		1,613
	185,874	*	Oncocyte Corp		965
	75,796	*,g	Oncopeptides AB		1,258
	11,062	*	Oncorus, Inc		154
	166,679	*	Oneness Biotech Co Ltd		1,545
	174,188		Ono Pharmaceutical Co Ltd		4,555
	632,615	*,e	Opko Health, Inc		2,714
	101,619	*,e	Optinose, Inc		375
	241,831	*,e	Organigram Holdings, Inc		837
	420,258	*,e	Organogenesis Holdings Inc		7,657
	27,718	*,e	Orgenesis, Inc		159
	15,903	*,e	ORIC Pharmaceuticals, Inc		390
	45,455	e	Orion Oyj (Class B)		1,821
	15,403	*	Oscotec, Inc		547
	50,213	*,e	Osmotica Pharmaceuticals plc		164
	19,580		Otsuka Holdings KK		830
	37,236	*,e	Ovid therapeutics, Inc		150
	60,661	*	Oxford Biomedica plc		796
	31,321	*,e	Oyster Point Pharma, Inc		573
	362,703	*	Pacific Biosciences of California, Inc		12,082
	41,840	*	Pacira BioSciences Inc		2,933
	569,684	*	Paion AG.		1,331
	15,153	*,e	Pandion Therapeutics, Inc		910
	35,802	*,e	Paratek Pharmaceuticals, Inc		253
	31,001	*	Passage Bio, Inc		542
	78,500	*	PeptiDream, Inc		3,596
	27,014		PerkinElmer, Inc		3,466
	52,074		Perrigo Co plc		2,107
	18,439	*	Personalis, Inc		454
	9,504,511		Pfizer, Inc		344,348
	23,400	e	Pharma Foods International Co Ltd		758
	15,638	e	Pharma Mar S.A.		1,818
	3,641		PHARMA RESEARCH PRODUCTS Co Ltd		214
	66,472		PharmaEngine Inc		169
	141,480	*	PharmaEssentia Corp		484
	69,951	*,†	Pharmally International Holding Co Ltd		0	^

124

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	119,482	g	Pharmaron Beijing Co Ltd	$	2,271
	43,239	*	Pharmicell Co Ltd		577
	681,469	*,e	Pharming Group NV		881
	12,379	*,e	PhaseBio Pharmaceuticals Inc		43
	28,134	*,e	Phathom Pharmaceuticals, Inc		1,057
	120,724		Phibro Animal Health Corp		2,946
	40,112	*,e	Pieris Pharmaceuticals, Inc		103
	18,617	*,e	Pliant Therapeutics, Inc		732
	21,159	*,e	PMV Pharmaceuticals, Inc		696
	32,516	*,e	Poseida Therapeutics, Inc		311
	297,308	*	PPD, Inc		11,250
	157,373	*	PRA Health Sciences, Inc		24,130
	23,640	*,e	Praxis Precision Medicines, Inc		774
	299,178	*,e	Precigen, Inc		2,061
	33,542	*,e	Precision BioSciences Inc		347
	10,050	*	Prelude Therapeutics, Inc		435
	98,171	*	Prestige Consumer Healthcare, Inc.		4,327
	83,715	*,†	Progenics Pharmaceuticals, Inc		0
	51,688	*,e	Protagonist Therapeutics, Inc		1,339
	13,940	*	Protara Therapeutics, Inc		219
	103,689	*	Prothena Corp plc		2,605
	36,628	*,e	Provention Bio, Inc		384
	61,364	*	PTC Therapeutics, Inc		2,906
	25,444	*,e	Puma Biotechnology, Inc		247
	39,741	*,e	QIAGEN NV		1,935
	97,152	*	QIAGEN NV (Turquoise)		4,702
	80,167	*	Quanterix Corp		4,687
	181,526	*	Radius Health, Inc		3,787
	8,649	*,e	RAPT Therapeutics, Inc		192
	41,742	*,e	Reata Pharmaceuticals, Inc		4,162
	7,127		Recordati S.p.A.		383
	24,656	*	Recro Pharma, Inc		69
	108,974	*	Regeneron Pharmaceuticals, Inc		51,560
	53,181	*	REGENXBIO, Inc		1,814
	37,908	*,e	Relay Therapeutics, Inc		1,310
	1,938,327	*,e	Relief Therapeutics Holding AG.		599
	12,924	*,e	Relmada Therapeutics, Inc		455
	87,992	*,e	Repligen Corp		17,107
	39,439	*,e	Replimune Group, Inc		1,203
	77,350	*	Revance Therapeutics, Inc		2,162
	47,228	*	REVOLUTION Medicines, Inc		2,167
	37,144	*	Rhythm Pharmaceuticals, Inc		790
	280,691		Richter Gedeon Rt		8,276
	177,903	*	Rigel Pharmaceuticals, Inc		608
	800,644		Roche Holding AG.		259,363
	2,193	e	Roche Holding AG.		751
	81,383	*	Rocket Pharmaceuticals, Inc		3,611
	440,045	e	Royalty Pharma plc		19,195
	48,414	*,e	Rubius Therapeutics, Inc		1,283
	58,280	*	Sage Therapeutics, Inc		4,362
	10,681	*	Sam Chun Dang Pharm Co Ltd		484
	6,404		Samjin Pharmaceutical Co Ltd		138
	13,290	*,g	Samsung Biologics Co Ltd		8,846
	93,524	*	Sana Biotechnology, Inc		3,130
	24,124	*,e	SanBio Co Ltd		418
	276,821	*	Sangamo Therapeutics Inc		3,469

125

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	7,242		Sanofi India Ltd	$	781
	1,152,965		Sanofi-Aventis		114,010
	16,483		Santen Pharmaceutical Co Ltd		227
	125,700	*	Sarepta Therapeutics, Inc		9,368
	45,524		Sartorius Stedim Biotech		18,735
	10,719	*	Satsuma Pharmaceuticals, Inc		63
	45,300		Saudi Pharmaceutical Industries & Medical Appliances Corp		498
	75,922	*,e	Savara, Inc		158
	40,417		Sawai Pharmaceutical Co Ltd		1,970
	161,687	*	Schnell Biopharmaceuticals, Inc		168
	38,672	*,e	Scholar Rock Holding Corp		1,959
	180,960		Scinopharm Taiwan Ltd		166
	9,214	*	Scopus Biopharma, Inc		78
	4,748	*	scPharmaceuticals, Inc		32
	694,918	*	Seagen, Inc		96,496
	47,108		Searle Co Ltd		76
	7,340		Seegene, Inc		846
	13,151	*,e	Seer, Inc		658
	38,000		Seikagaku Corp		356
	432,270	*	Selecta Biosciences, Inc		1,956
	4,832	*	Sensei Biotherapeutics, Inc		70
	73,517	*	Seres Therapeutics, Inc		1,514
	15,413		Shandong Buchang Pharmaceuticals Co Ltd		54
	47,688		Shanghai Fosun Pharmaceutical Group Co Ltd		291
	486,429	e	Shanghai Fosun Pharmaceutical Group Co Ltd (Hong Kong)		2,082
	403,000		Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co Ltd		222
	335,800		Shanghai Haixin Group Co		115
	26,141	g	Shanghai Haohai Biological Technology Co Ltd		200
	75,737		Shanghai RAAS Blood Products Co Ltd		86
	17,248	*	Shattuck Labs, Inc		504
	18,475		Shenzhen Hepalink Pharmaceutical Group Co Ltd		48
	16,730		Shenzhen Kangtai Biological Products Co Ltd		351
	32,325		Shenzhen Salubris Pharmaceuticals Co Ltd		187
	41,148		Shijiazhuang Yiling Pharmaceutical Co Ltd		155
	24,409	*	Shilpa Medicare Ltd		112
	11,957		Shin Poong Pharmaceutical Co Ltd		907
	12,222		Shionogi & Co Ltd		660
	28,755		Sichuan Kelun Pharmaceutical Co Ltd		97
	3,986		Siegfried Holding AG.		3,284
	41,065	*	SIGA Technologies, Inc		267
	4,900	*	Sigilon Therapeutics, Inc		110
	2,882,000	e	Sihuan Pharmaceutical Holdings		762
	32,473	*	Silence Therapeutics plc		246
	13,434	*,†,e	SillaJen, Inc		0
	12,264	*,e	Silverback Therapeutics, Inc		535
	4,092,236		Sino Biopharmaceutical		4,108
	10,550	*	SK Biopharmaceuticals Co Ltd		966
	42,474	*,e	Soleno Therapeutics, Inc		54
	459,049	*,e	Solid Biosciences, Inc		2,539
	367,339	*,e	Sorrento Therapeutics, Inc		3,038
	72,608	*	Sosei Group		1,298
	240,140	*	Sotera Health Co		5,994
	223,308	*	Spectrum Pharmaceuticals, Inc		728

126

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	14,993	*,e	Spero Therapeutics, Inc	$	221
	27,501	*	SpringWorks Therapeutics, Inc		2,023
	4,730	*	Spruce Biosciences, Inc		79
	3,431	*	SQZ Biotechnologies Co		47
	598,369		SSY Group Ltd		348
	6,601	*	ST Pharm Co Ltd		500
	10,387	*	Stoke Therapeutics, Inc		403
	50,021		Strides Arcolab Ltd		580
	190,198	*,e	Strongbridge Biopharma plc		525
	1,037,275		Sumitomo Dainippon Pharma Co Ltd		18,094
	56,030	*	Sun Pharma Advanced Research Company Ltd		109
	333,971		Sun Pharmaceutical Industries Ltd		2,735
	141,794	*	Supernus Pharmaceuticals, Inc		3,712
	90,565	*,e	Sutro Biopharma, Inc		2,061
	66,450		Suven Pharmaceuticals Ltd		453
	228,319	*	Swedish Orphan Biovitrum AB		3,651
	57,666	*,e	Syndax Pharmaceuticals, Inc		1,289
	92,279	*	Syneos Health, Inc		6,999
	89,152	*,g	Syngene International Ltd		665
	34,694	*	Syros Pharmaceuticals, Inc		260
	241,799	*	Taigen Biopharmaceuticals Holdings Ltd		215
	27,027	e	Taiko Pharmaceutical Co Ltd		305
	131,000	*	TaiMed Biologics, Inc		357
	78,878		Taisho Pharmaceutical Holdings Co Ltd		5,097
	49,533		Takara Bio, Inc		1,330
	692,922		Takeda Pharmaceutical Co Ltd		25,258
	87,360	*	Tanvex BioPharma, Inc		273
	24,532	*	Taro Pharmaceutical Industries Ltd		1,809
	4,020	*	Tarsus Pharmaceuticals, Inc		130
	5,495	*,e	Taysha Gene Therapies, Inc		112
	41,062	*	TCR2 Therapeutics Inc		907
	20,773		Tecan Group AG.		9,216
	5,413	*	Terns Pharmaceuticals, Inc		119
	353,876	*	Teva Pharmaceutical Industries Ltd (ADR)		4,084
	202,346	*	TG Therapeutics, Inc		9,753
	18,508	*	Theragen Etex Co Ltd		146
	240,103	*,e	TherapeuticsMD, Inc		322
	41,058	*,e	Theravance Biopharma, Inc		838
	544,712		Thermo Fisher Scientific, Inc		248,596
	80,345		Tianjin Chase Sun Pharmaceutical Co Ltd		51
	420,000		Tong Ren Tang Technologies Co Ltd		287
	56,381		Tonghua Dongbao Pharmaceutical Co Ltd		107
	14,565		Torii Pharmaceutical Co Ltd		395
	21,292		Torrent Pharmaceuticals Ltd		742
	26,913		Towa Pharmaceutical Co Ltd		595
	121,019	*	Translate Bio, Inc		1,996
	251,201	*	Travere Therapeutics, Inc		6,272
	36,761	*,e	Tricida, Inc		194
	115,719	*,e	Trillium Therapeutics, Inc		1,239
	58,500		Tsumura & Co		2,094
	154,917		TTY Biopharm Co Ltd		407
	72,205	*	Turning Point Therapeutics Inc		6,830
	96,764	*	Twist Bioscience Corp		11,985
	69,758	*,e	Tyme Technologies, Inc		124
	110,077		UCB S.A.		10,464
	85,921	*	Ultragenyx Pharmaceutical, Inc		9,783

127

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	1,869,562		United Laboratories Ltd	$	1,385
	196,363	*	United Therapeutics Corp		32,846
	26,734	*,e	UNITY Biotechnology, Inc		160
	43,452	*,e	UroGen Pharma Ltd		846
	68,310	*	Valneva SE		848
	82,437	*	Vanda Pharmaceuticals, Inc		1,238
	41,518	*,e	Vaxart Inc		251
	23,643	*,e	Vaxcyte, Inc		467
	330,333	*,e	VBI Vaccines, Inc		1,027
	585,233	*	Vectura Group plc		933
	176,134	*	Veracyte, Inc		9,467
	183,614	*,e	Verastem, Inc		454
	154,738	*	Vericel Corp		8,596
	8,662	*,e	Verrica Pharmaceuticals, Inc		131
	592,264	*	Vertex Pharmaceuticals, Inc		127,272
	399,883	*	Viatris, Inc		5,586
	3,106		Vifor Pharma AG.		423
	97,884	*,e	Viking Therapeutics, Inc		619
	73,044	*,e	Vir Biotechnology, Inc		3,745
	8,397	*	Virbac S.A.		2,161
	65,896		Vitrolife AB		1,937
	7,362	*,e	Vor BioPharma, Inc		317
	21,256	*,e	Voyager Therapeutics, Inc		100
	630,227	*	vTv Therapeutics, Inc		1,777
	60,443	*,e	VYNE Therapeutics, Inc		414
	41,628		Walvax Biotechnology Co Ltd		288
	9,566	*	Waters Corp		2,718
	24,368	*,e	WaVe Life Sciences Ltd		137
	2,714,404		Winteam Pharmaceutical Group Ltd		1,697
	46,753	*	Wockhardt Ltd		266
	108,212		WuXi AppTec Co Ltd		2,328
	109,315	g	WuXi AppTec Co Ltd (Hong Kong)		2,159
	12,190,878	*,g	Wuxi Biologics Cayman, Inc		153,736
	32,801	*,e	X4 Pharmaceuticals, Inc		282
	24,117	*,e	XBiotech, Inc		414
	62,075	*	Xencor, Inc		2,673
	33,163	*,e	Xeris Pharmaceuticals, Inc		150
	11,388	*,e	XOMA Corp		465
	183,904	e,g	YiChang HEC ChangJiang Pharmaceutical Co Ltd		196
	4,258		Yifan Pharmaceutical Co Ltd		13
	23,040	*	Y-mAbs Therapeutics, Inc		697
	18,403		Yuhan Corp		1,027
	67,589	*	Yungjin Pharmaceutical Co Ltd		368
	125,707		YungShin Global Holding Corp		195
	33,148		Yunnan Baiyao Group Co Ltd		611
	67,650	*	Zai Lab Ltd (ADR)		9,027
	30,478	*	Zealand Pharma AS		964
	43,093	*,e	Zentalis Pharmaceuticals, Inc		1,870
	19,000		Zeria Pharmaceutical Co Ltd		361
	13,601		Zhangzhou Pientzehuang Pharmaceutical Co Ltd		598
	36,558		Zhejiang Huahai Pharmaceutical Co Ltd		144
	62,680		Zhejiang NHU Co Ltd		367
	11,467		Zhejiang Wolwo Bio-Pharmaceutical Co Ltd		103
	186,537	*,e	ZIOPHARM Oncology, Inc		672
	1,046,525		Zoetis, Inc		164,807
	52,652	*,e	Zogenix, Inc		1,028
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		8,284,604

128

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
REAL ESTATE - 2.9%
	434,304		Abacus Property Group	$	930
	132,352		Acadia Realty Trust		2,511
	823		Activia Properties Inc		3,616
	1,325		Advance Residence Investment Corp		4,159
	19,729	*,g	Aedas Homes SAU		518
	34,380	e	Aedifica S.A.		3,942
	45,851		Aeon Mall Co Ltd		800
	1,522		AEON REIT Investment Corp		2,053
	11,066	*	AFI Properties Ltd		387
	500,302		Agile Property Holdings Ltd		821
	136,985		Agree Realty Corp		9,220
	553,800		AIMS AMP Capital Industrial REIT		532
	71,116	*	Airport City Ltd		1,000
	1,488,964	*	Aldar Properties PJSC		1,528
	82,827	g	ALDER Group S.A.		2,268
	246,851		Alexander & Baldwin, Inc		4,145
	1,734		Alexander’s, Inc		481
	230,051		Alexandria Real Estate Equities, Inc		37,797
	258,722	*	Aliansce Sonae Shopping Centers sa		1,265
	69,973		Allied Properties Real Estate Investment Trust		2,263
	14,406		Allreal Holding AG.		2,902
	150,887		Alony Hetz Properties & Investments Ltd		1,942
	35,213	e	Alpine Income Property Trust, Inc		611
	768	*,e	Alset EHome International, Inc		9
	163,410		Alstria Office REIT-AG.		2,641
	4,827	*,e	Altisource Portfolio Solutions S.A.		44
	42,096		Altus Group Ltd		2,025
	687,198		Amata Corp PCL (Foreign)		420
	77,928		American Assets Trust, Inc		2,528
	23,292		American Campus Communities, Inc		1,006
	162,321		American Finance Trust, Inc		1,594
	1,148,930		American Homes 4 Rent		38,305
	2,058	*,e	American Realty Investors, Inc		18
	790,860		American Tower Corp		189,063
	375,120		Americold Realty Trust		14,431
	197,751		Amot Investments Ltd		1,059
	220,000	e	Aoyuan Healthy Life Group Co Ltd		145
	26,056	e	Apartment Income REIT Corp		1,114
	20,470		Apartment Investment and Management Co		126
	35,949		Apple Hospitality REIT, Inc		524
	1,190,141		ARA LOGOS Logistics Trust		647
	851,190		Argosy Property Ltd		854
	224,386		Armada Hoffler Properties, Inc		2,814
	1,812,608		Aroundtown S.A.		12,909
	66,745		Arriyadh Development Co		388
	69,947		Artis Real Estate Investment Trust		603
	828,000		Ascendas India Trust		912
	2,979,663		Ascendas REIT		6,769
	1,987,204	e	Ascott Trust		1,584
	1,677,532		Asian Property Development PCL (Foreign)		437
	4,748,745		Assura Group Ltd		4,719
	45,055	e	Atrium Ljungberg AB		807
	563,957		AvalonBay Communities, Inc		104,056

129

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	344,110		Aventus Retail Property Fund Ltd	$	754
	908,900		Axis Real Estate Investment Trust		428
	7,013,708		Ayala Land, Inc		4,973
	4,761,352	*,†	AZ BGP Holdings		14
	2,783		Azrieli Group		172
	8,872,000		Bangkok Land PCL		335
	709,964		Barwa Real Estate Co		634
	282,097		Bayside Land Corp		2,250
	20,300	*	BBX Capital, Inc		129
	35,602		Befimmo SCA Sicafi		1,451
	1,174,809		Beijing Capital Land Ltd		148
	492,000		Beijing North Star Co		92
	10,000	*	Big Shopping Centers Ltd		1,079
	372,313		Big Yellow Group plc		5,719
	5,876		Blue Square Real Estate Ltd		407
	34,795		Bluerock Residential Growth REIT, Inc		352
	752,567		BMO Commercial Property Trust Ltd		735
	23,690		Boardwalk REIT		684
	205,724		Boston Properties, Inc		20,832
	591,600	*	BR Malls Participacoes S.A.		1,064
	1,243,396		BR Properties S.A.		1,900
	2,561	*	Brack Capital Properties NV		218
	28,208		Brandywine Realty Trust		364
	192,883		British Land Co plc		1,342
	49,956		Brixmor Property Group, Inc		1,011
	194,526		Broadstone Net Lease, Inc		3,560
	65,917	e	Brookfield Property REIT, Inc		1,183
	19,193		Brt Realty Trust		323
	5,851,800	*	Bumi Serpong Damai Tbk PT		453
	545,958		Bunnings Warehouse Property Trust		1,643
	221,417		C&D International Investment Group Ltd		403
	65,590		CA Immobilien Anlagen AG.		2,777
	2,391,216	e	Cambridge Industrial Trust		695
	16,233		Camden Property Trust		1,784
	76,588		Canadian Apartment Properties REIT		3,282
	739,431		Capital & Counties Properties		1,740
	2,467,788		CapitaLand Ltd		6,915
	4,071,041		CapitaMall Trust		6,587
	984,087		CapitaRetail China Trust		1,004
	616,043		CareTrust REIT, Inc		14,345
	50,970		Carmila S.A.		770
	252,751	e	Castellum AB		5,577
	125,560		CatchMark Timber Trust, Inc		1,278
	25,047		Catena AB		1,104
	422,900		Cathay Real Estate Development Co Ltd		294
	456,271	*	CBRE Group, Inc		36,096
	888,020		CDL Hospitality Trusts		820
	68,799		Cedar Woods Properties Ltd		353
	229,950		Cencosud Shopping S.A.		479
	21,121		Centerspace		1,436
	239,000		Central China New Life Ltd		212
	691,968		Central China Real Estate Ltd		308
	1,882,782		Central Pattana PCL (Foreign)		3,525
	430,210		Centuria Capital Group		813
	434,384		Centuria Industrial REIT		1,099
	347,456		Centuria Office REIT		531

130

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	2,210,806		Champion Real Estate Investment Trust	$	1,296
	326,561		Charter Hall Education Trust		773
	618,091		Charter Hall Group		6,080
	870,608		Charter Hall Long Wale REIT		3,132
	114,408	*	Chatham Lodging Trust		1,506
	436,036		China Aoyuan Group Ltd		469
	1,730,899	e	China Evergrande Group		3,304
	94,200		China Fortune Land Development Co Ltd		90
	2,229,156		China Jinmao Holdings Group Ltd		897
	897,000	*,e,g	China Logistics Property Holdings Co Ltd		517
	575,000		China Merchants Commercial Real Estate Investment Trust		210
	886,000		China Merchants Land Ltd		130
	50,208		China Merchants Property Operation & Service Co Ltd		152
	184,827		China Merchants Shekou Industrial Zone Holdings Co Ltd		347
	1,261,794		China Overseas Grand Oceans Group Ltd		827
	3,249,786		China Overseas Land & Investment Ltd		8,495
	510,119		China Overseas Property Holdings Ltd		478
	2,806,602		China Resources Land Ltd		13,679
	1,272,452		China SCE Group Holdings Ltd		591
	4,056,000		China South City Holdings Ltd		450
	2,917,638		China Vanke Co Ltd		11,465
	3,144,918		China Vanke Co Ltd (Class A)		14,432
	401,000	g	China Vast Industrial Urban Development Co Ltd		156
	547,000		Chinese Estates Holdings Ltd		285
	331,088		Chong Hong Construction Co		964
	31,306	e	Cibus Nordic Real Estate AB		588
	1,226,864		CIFI Holdings Group Co Ltd		1,194
	10,817		CIM Commercial Trust Corp		139
	389,153		City Developments Ltd		2,315
	79,082		City Office REIT, Inc		840
	61,878		Citycon Oyj		515
	639,302		Civitas Social Housing plc		950
	2,629,801		CK Asset Holdings Ltd		16,009
	18,567		Clipper Realty, Inc		147
	25,899		Cofinimmo		3,771
	32,279	e	Colliers International Group, Inc		3,172
	770,080	*,e	Colony Capital, Inc		4,990
	261,000	e	Colour Life Services Group		115
	311,966		Columbia Property Trust, Inc		5,335
	608		Comforia Residential REIT, Inc		1,855
	92,827		Cominar Real Estate Investment Trust		689
	41,315		Community Healthcare Trust, Inc		1,905
	229,734		Concentradora Fibra Danhos S.A. de C.V.		287
	69,760	*	CorePoint Lodging, Inc		630
	62,514		Coresite Realty		7,492
	19,252		Corestate Capital Holding S.A.		319
	498,856		Corp Inmobiliaria Vesta SAB de C.V.		1,045
	19,349		Corporate Office Properties Trust		509
	1,330,000	*,e	Cosmopolitan International Holdings Ltd		216
	6,756,898		Country Garden Holdings Co Ltd		8,698
	204,458		Cousins Properties, Inc		7,228
	5,087		CRE Logistics REIT, Inc		7,881
	47,512		Crombie Real Estate Investment Trust		598
	1,356,500		Cromwell European Real Estate Investment Trust		725

131

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	1,766,830		Cromwell Group	$	1,111
	922,262		Crown Castle International Corp		158,749
	53,088		CT Real Estate Investment Trust		691
	9,465	e	CTO Realty Growth, Inc		492
	214,861		CubeSmart		8,128
	140,403	*	Cushman & Wakefield plc		2,291
	452,505		Custodian Reit plc		573
	553,589		CyrusOne, Inc		37,489
	214,000		DaFa Properties Group Ltd		174
	45,710		Daibiru Corp		591
	34,122		Daito Trust Construction Co Ltd		3,965
	446,081		Daiwa House Industry Co Ltd		13,092
	1,776		Daiwa House REIT Investment Corp		4,772
	320		Daiwa Office Investment Corp		2,255
	1,790		Daiwa Securities Living Investments Corp		1,758
	1,614,475	*	DAMAC Properties Dubai Co PJSC		529
	228,891	*	Dar Al Arkan Real Estate Development Co		562
	125,980		Derwent London plc		5,606
	186,823		Deutsche Annington Immobilien SE		12,209
	48,064	*	Deutsche Euroshop AG.		1,002
	185,679		Deutsche Wohnen AG.		8,662
	664,000		Dexin China Holdings Co Ltd		255
	501,121		Dexus Property Group		3,726
	311,246	*	DiamondRock Hospitality Co		3,206
	94,536		DIC Asset AG.		1,638
	421,766		Digital Realty Trust, Inc		59,402
	83,684		Dios Fastigheter AB		688
	781,792		Diversified Healthcare Trust		3,737
	234,804		DLF Ltd		926
	30,697		Dongwon Development Co Ltd		147
	607,930	*	DoubleDragon Properties Corp		165
	30,031		Douglas Emmett, Inc		943
	86,770		Dream Industrial Real Estate Investment Trust		927
	27,954		Dream Office Real Estate Investment Trust		471
	30,085		DREAM Unlimited Corp		541
	379,634		Duke Realty Corp		15,918
	437,000	*,†	Eagle Hospitality Trust		4
	115,817		Easterly Government Properties, Inc		2,401
	37,276		EastGroup Properties, Inc		5,341
	557,100		E-House China Enterprise Holdings Ltd		523
	140,306	*	Emaar Economic City		400
	1,134,844	*	Emaar Malls Group PJSC		524
	1,391,374	*	Emaar Properties PJSC		1,346
	1,292,049		Emlak Konut Gayrimenkul Yatiri		301
	22,402	e	Empire State Realty Trust, Inc		249
	995,692	*	Empiric Student Property plc		1,089
	175,755	g	Entra ASA		3,905
	179,631		EPR Properties		8,369
	150,031		Equinix, Inc		101,960
	412,284		Equites Property Fund Ltd		526
	17,780		Equity Commonwealth		494
	1,505,131		Equity Lifestyle Properties, Inc		95,787
	586,772		Equity Residential		42,030
	1,552,000	*,g	ESR Cayman Ltd		5,104
	266,048		Essential Properties Realty Trust, Inc		6,074
	75,471		Essex Property Trust, Inc		20,516

132

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	36,545	*	Eurocommercial Properties NV	$	804
	110,388	*,e	eXp World Holdings Inc		5,028
	239,286		Extra Space Storage, Inc		31,717
	270,511	e	Fabege AB		3,649
	1,147,238		Fantasia Holdings Group Co Ltd		151
	1,372,269		Far East Consortium		519
	889,405		Far East Hospitality Trust		417
	172,812		Farglory Land Development Co Ltd		346
	43,554	e	Farmland Partners, Inc		488
	113,991	*	Fastighets AB Balder		5,643
	18,485	*,e	Fathom Holdings, Inc		677
	158,710		Federal Realty Investment Trust		16,101
	2,840,597		Fibra Uno Administracion S.A. de C.V.		3,320
	6,309,000		Filinvest Land, Inc		143
	66,908		Financial Street Holdings Co Ltd		70
	123,298		First Capital Real Estate Investment Trust		1,618
	244,265		First Industrial Realty Trust, Inc		11,185
	35,778	e	FirstService Corp		5,311
	3,549		Fonciere Des Regions		304
	63,568	*	Forestar Group, Inc		1,480
	930,017		Fortress REIT Ltd (Class A)		858
	1,594,000		Fortune Real Estate Investment Trust		1,531
	75,979		Four Corners Property Trust, Inc		2,082
	176,605		Franklin Street Properties Corp		962
	1,192,577		Frasers Centrepoint Trust		2,186
	875,600	e	Frasers Hospitality Trust		346
	6,154,045		Frasers Logistics & Industrial Trust		6,647
	473		Frontier Real Estate Investment Corp		2,020
	10,555	*,e	FRP Holdings, Inc		520
	698		Fukuoka REIT Corp		1,098
	445,970		Gaming and Leisure Properties, Inc		18,923
	404,000	*	Ganglong China Property Group Ltd		230
	140,917		Gazit Globe Ltd		974
	955,315		GCP Student Living plc		2,041
	920,362		GDI Property Group		749
	6,672		Gecina S.A.		918
	148,364		Gemdale Corp		272
	11,190,937		Gemdale Properties and Investment Corp Ltd		1,704
	188,617	e	Geo Group, Inc		1,464
	107,700		Getty Realty Corp		3,050
	44,873		Gladstone Commercial Corp		878
	66,519		Gladstone Land Corp		1,217
	73,926		Global Medical REIT, Inc		969
	140,929		Global Net Lease, Inc		2,545
	936		Global One Real Estate Investment Corp		1,021
	10,572,000	*,e	Glory Sun Financial Group Ltd		347
	189		GLP J-Reit		311
	126,374	*	Godrej Properties Ltd		2,439
	100,780		Goldcrest Co Ltd		1,547
	2,915,548		Goodman Group		40,259
	1,114,522		Goodman Property Trust		1,761
	1,659,445		GPT Group		5,821
	889,584		Grainger plc		3,271
	111,441		Grand City Properties S.A.		2,791
	81,842		Granite REIT		4,977
	1,058,280		Great Portland Estates plc		9,916

133

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	214,995		Greenland Holdings Corp Ltd	$	184
	656,000		Greenland Hong Kong Holdings Ltd		238
	329,822	e	Greentown China Holdings Ltd		427
	289,634		Growthpoint Properties Australia Ltd		767
	1,303,136		Growthpoint Properties Ltd		1,165
	678,592		Guangzhou R&F Properties Co Ltd		896
	281,867		Guocoland Ltd		352
	958,000		Guorui Properties Ltd		48
	342,468		H&R Real Estate Investment Trust		3,886
	67,694		Hamborner REIT AG.		716
	4,015,028	e	Hammerson plc		1,936
	893,442		Hang Lung Group Ltd		2,265
	1,885,995		Hang Lung Properties Ltd		4,923
	502		Hankyu Reit, Inc		686
	444,803	e	Healthcare Realty Trust, Inc		13,486
	410,681		Healthcare Trust of America, Inc		11,327
	968,632		Healthpeak Properties Inc		30,744
	32,522		Heiwa Real Estate Co Ltd		1,017
	899		Heiwa Real Estate REIT, Inc		1,264
	121,860		Helical Bar plc		695
	343,246		Heliopolis Housing		105
	44,318	*	Hemisphere Properties India Ltd		84
	1,314,518		Henderson Land Development Co Ltd		5,933
	59,316	*	Hersha Hospitality Trust		626
	33,988,414	a	Hibernia REIT plc		44,003
	504,263		Highwealth Construction Corp		770
	17,974		Highwoods Properties, Inc		772
	123,338		Home Consortium		413
	1,167,362		Hongkong Land Holdings Ltd		5,741
	640,027		Hopson Development Holdings Ltd		2,308
	205		Hoshino Resorts REIT, Inc		1,185
	1,312,278	*	Host Hotels and Resorts, Inc		22,112
	54,473	*	Howard Hughes Corp		5,182
	234,393		Huaku Development Co Ltd		767
	201,212		Hudson Pacific Properties		5,459
	114,417	e	Hufvudstaden AB (Series A)		1,664
	700,000	e	Huijing Holdings Co Ltd		174
	204,983		Hulic Co Ltd		2,423
	1,547		Hulic Reit, Inc		2,427
	334,112		Hung Sheng Construction Co Ltd		231
	636,696		Hysan Development Co Ltd		2,491
	37,576		Icade		2,745
	270,125		Ichigo Holdings Co Ltd		802
	1,170		Ichigo Real Estate Investment Corp		1,005
	1,273,200		IGB Real Estate Investment Trust		534
	66,168		Iguatemi Empresa de Shopping Centers S.A.		440
	61,748	e	Immobiliare Grande Distribuzione SIIQ S.p.A		257
	88,389	*	IMMOFINANZ AG.		1,803
	150,821		Independence Realty Trust, Inc		2,292
	141,088	*	Indiabulls Real Estate Ltd		157
	2,142		Indus Realty Trust, Inc		129
	1,904		Industrial & Infrastructure Fund Investment Corp		3,270
	631,569		Industrial Buildings Corp		1,555
	136,978		Industrial Logistics Properties Trust		3,168
	2,480,535		Ingenia Communities Group		9,572
	287,688		Inmobiliaria Colonial S.A.		2,786

134

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	46,760	e	Innovative Industrial Properties, Inc	$	8,424
	70,141		InterRent Real Estate Investment Trust		825
	1,177	e	Intershop Holding AG.		777
	22,419	e	Intervest Offices		556
	8,937		Invesco Office J-Reit, Inc		1,412
	460,097	e	Investec Property Fund Ltd		302
	19,348		Invincible Investment Corp		7,328
	1,198,990		Invitation Homes, Inc		38,356
	1,070,500		IOI Properties Group BHD		370
	417,226		Irish Residential Properties REIT plc		799
	447,688	e	Iron Mountain, Inc		16,569
	606,182		Irongate Group		622
	1,679		Isras Investment Co Ltd		324
	113,938	e	iStar Inc		2,026
	464	e	ITOCHU Advance Logistics Investment Corp		582
	775,094		IWG plc		3,639
	58,446		Jadwa REIT Saudi Fund		242
	1,228		Japan Excellent, Inc		1,593
	13,467		Japan Hotel REIT Investment Corp		7,613
	870		Japan Logistics Fund Inc		2,454
	828		Japan Prime Realty Investment Corp		3,096
	773		Japan Real Estate Investment Corp		4,568
	3,113		Japan Retail Fund Investment Corp		3,189
	20,624		JBG SMITH Properties		656
	29,127		Jereissati Participacoes S.A.		138
	756,790		JHSF Participacoes S.A.		936
	1,596,750	*,†	Jiangsu Future Land Co Ltd		16
	130,695		Jiangsu Zhongnan Construction Group Co Ltd		140
	1,142,000		Jiayuan International Group Ltd		470
	385,269		Jingrui Holdings Ltd		114
	95,005		Jinke Properties Group Co Ltd		96
	14,228	*	John Mattson Fastighetsforetagen AB		224
	53,195	*	Jones Lang LaSalle, Inc		9,524
	45,409		JR Reit XXVII		209
	296,000		JY Grandmark Holdings Ltd		121
	2,483,329		K Wah International Holdings Ltd		1,290
	938,657		Kaisa Group Holdings Ltd		465
	33,500		Kaisa Prosperity Holdings Ltd		108
	667,852		Katitas Co Ltd		18,664
	526,696	*	KE Holdings, Inc (ADR)		30,011
	30,600		Keihanshin Building Co Ltd		412
	474		Kenedix Realty Investment Corp		3,375
	901		Kenedix Residential Investment Corp		1,760
	277		Kenedix Retail REIT Corp		674
	387,161		Kennedy-Wilson Holdings, Inc		7,825
	1,343,417		Keppel DC REIT		2,698
	1,849,691	e	Keppel REIT		1,682
	848,114		Keppel-KBS US REIT		611
	571,000		Kerry Properties Ltd		1,847
	13,663	*,e	K-fast Holding AB		422
	133,518		Killam Apartment Real Estate Investment Trust		1,967
	203,384		Kilroy Realty Corp		13,348
	83,497		Kimco Realty Corp		1,566
	834,704		Kindom Construction Co		1,161
	125,549		Kite Realty Group Trust		2,422
	1,700,433		Kiwi Property Group Ltd		1,475

135

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	13,313		Klepierre	$	310
	613,790	e	Klovern AB (B Shares)		1,070
	125,828		Kojamo Oyj		2,465
	112,208		Korea Real Estate Investment Trust Co		240
	192,059		Kungsleden AB		2,007
	146,286		Kuoyang Construction Co Ltd		205
	544,406		KWG Group Holdings Ltd		936
	3,583,000	*	KWG Living Group Holdings Ltd		3,680
	183,387	*	Lai Sun Development Co Ltd		151
	119,001		Lamar Advertising Co		11,177
	53,196	*	Lamda Development S.A.		460
	7,695,277		Land and Houses PCL Co Reg		2,111
	145,494		Land Securities Group plc		1,383
	881,000		Langham Hospitality Investments Ltd		135
	62,342	*	Lar Espana Real Estate Socimi S.A.		373
	1,567		LaSalle Logiport REIT		2,376
	11,124		LEG Immobilien AG.		1,463
	583,266		Lend Lease Corp Ltd		5,751
	918,826		Lendlease Global Commercial REIT		551
	152,743	*	Leopalace21 Corp		212
	430,183	e	Lexington Realty Trust		4,779
	45,111		Life Storage, Inc		3,877
	91,194	e	Lifestyle Communities Ltd		955
	1,807,326		Link REIT		16,490
	36,203,040	*	Lippo Karawaci Tbk PT		482
	293,005		LOG Commercial Properties e Participacoes S.A.		1,491
	571,528		Logan Property Holdings Co Ltd		965
	891,140		LondonMetric Property plc		2,624
	1,564,093	g	Longfor Properties Co Ltd		10,374
	222,575		LOTTE Reit Co Ltd		1,026
	180,770		LSR Group PJSC (ADR)		390
	49,064		LTC Properties, Inc		2,047
	872,000		LVGEM China Real Estate Investment Co Ltd		237
	532,752		LXI REIT plc		926
	516,701		Mabanee Co KPSC		1,241
	227,909	e	Macerich Co		2,667
	133,402		Mack-Cali Realty Corp		2,065
	532,034		Macquarie CountryWide Trust		1,558
	966,542	g	Macquarie Mexico Real Estate Management SA de CV		1,205
	852,834		Mah Sing Group BHD		174
	1,592,050		Manulife US Real Estate Investment Trust		1,164
	35,779	*,†,e	Mapeley Ltd		0	^
	1,822,384		Mapletree Commercial Trust		2,879
	1,657,770		Mapletree Industrial Trust		3,380
	2,452,115		Mapletree Logistics Trust		3,526
	2,448,900		Mapletree North Asia Commercial Trust		1,934
	76,150	*	Marcus & Millichap, Inc		2,566
	383,856		Matrix Concepts Holdings BHD		179
	6,096	*,e	Maui Land & Pineapple Co, Inc		70
	701,200		MBK PCL		343
	338,026		Medical Properties Trust, Inc		7,193
	670,487		Medinet Nasr Housing		160
	24,891		Mega Or Holdings Ltd		735
	8,164,322		Megaworld Corp		603
	21,163	*	Melisron Ltd		1,182
	62,504		Mercialys S.A		688

136

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	418,432		Merlin Properties Socimi S.A.	$	4,283
	50,639	*,g	Metrovacesa S.A.		439
	80,802		MGM Growth Properties LLC		2,636
	26,426		Mid-America Apartment Communities, Inc		3,815
	119,800	g	Mindspace Business Parks REIT		484
	18,417	g	Minto Apartment Real Estate REIT NPV		318
	46,951		Mirae Asset Maps Asia Pacific Real Estate Investment		185
	1,668		Mirai Corp		726
	3,339,237		Mirvac Group		6,370
	1,023,844		Mitsubishi Estate Co Ltd		17,929
	378		Mitsubishi Estate Logistics REIT Investment Corp		1,486
	789,685		Mitsui Fudosan Co Ltd		18,001
	1,054		Mitsui Fudosan Logistics Park, Inc		5,212
	6,805		Mobimo Holding AG.		2,078
	78,981		Monmouth Real Estate Investment Corp (Class A)		1,397
	13,217		Montea C.V.A		1,379
	19,774		Morguard North American Resid		245
	3,123		Mori Hills REIT Investment Corp		4,330
	365		Mori Trust Hotel Reit, Inc		457
	997		Mori Trust Sogo Reit, Inc		1,401
	214,200		Multiplan Empreendimentos Imobiliarios S.A.		932
	57,321		National Health Investors, Inc		4,143
	628,458	*	National Real Estate Co KPSC		188
	123,180		National Retail Properties, Inc		5,429
	487,786		National Storage Affiliates Trust		19,477
	1,070,439		National Storage REIT		1,632
	1,278,000		Neo-China Land Group Holdings Ltd		125
	158,771		NEPI Rockcastle plc		1,003
	14,511	*	NESCO Ltd		105
	62,977		NETSTREIT Corp		1,164
	135,457		New Senior Investment Group, Inc		844
	1,399,193		New World Development Co Ltd		7,268
	389,868		Newmark Group, Inc		3,901
	42,613		Nexity		2,100
	119,199		NexPoint Residential Trust, Inc		5,494
	440		Nippon Accommodations Fund, Inc		2,582
	1,170		Nippon Building Fund, Inc		6,895
	1,700		Nippon ProLogis REIT, Inc		5,466
	457		NIPPON REIT Investment Corp		1,747
	51,425		Nomura Real Estate Holdings, Inc		1,243
	3,749		Nomura Real Estate Master Fund, Inc		5,644
	89,323		NorthWest Healthcare Properties Real Estate Investment Trust		919
	20,097		NSI NV		797
	320,721	*	Nyfosa AB		3,297
	371,161	*	Oberoi Realty Ltd		2,928
	70,894		Office Properties Income Trust		1,951
	229,749		Omega Healthcare Investors, Inc		8,416
	25,314	e	One Liberty Properties, Inc		564
	227		One REIT, Inc		639
	766,267		Origin Property PCL		208
	1,406		Orix JREIT, Inc		2,449
	2,461,674		OUE Commercial Real Estate Investment Trust		724
	197,823	*	Outfront Media, Inc		4,318
	352,422		Overseas Union Enterprise Ltd		328
	1,078,019		Oxley Holdings Ltd		201

137

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	13,183,400	*	Pakuwon Jati Tbk PT	$	492
	1,502,713	*	Palm Hills Developments SAE		154
	246,787		Paramount Group, Inc		2,500
	293,046	*	Park Hotels & Resorts, Inc		6,324
	442,424		Parkway Life Real Estate Investment Trust		1,343
	447,223		Parque Arauco S.A.		872
	74,029		Patrizia Immobilien AG.		1,874
	617,400		Pavilion Real Estate Investment Trust		208
	199,616		Pebblebrook Hotel Trust		4,849
	68,137	*	Phoenix Mills Ltd		731
	333,382		Physicians Realty Trust		5,891
	791,629		Picton Property Income Ltd		936
	193,101		Piedmont Office Realty Trust, Inc		3,354
	805,956		PLA Administradora Industrial S de RL de C.V.		1,201
	64,351	e	Platzer Fastigheter Holding AB		765
	171,655		Plymouth Industrial REIT, Inc		2,892
	1,493,817		Poly Hong Kong Investment Ltd		441
	49,619	e	Poly Property Development Co Ltd		346
	286,962		Poly Real Estate Group Co Ltd		625
	158,412		PotlatchDeltic Corp		8,383
	117,500		Powerlong Commercial Management Holdings Ltd		391
	1,148,908		Precinct Properties New Zealand Ltd		1,309
	195,919		Preferred Apartment Communities, Inc		1,930
	1,337		Premier Investment Co		1,912
	104,694	*	Prestige Estates Projects Ltd		439
	1,353,758		Primary Health Properties plc		2,765
	542,800		Prime US REIT		467
	709,826		Prince Housing & Development Corp		274
	356,253		ProLogis Property Mexico S.A. de C.V.		765
	2,064,460		Prologis, Inc		218,833
	2,036		Property & Building Corp		188
	1,444,000		Prosperity REIT		483
	436,300		Pruksa Holding PCL		179
	28,100		PS Business Parks, Inc		4,344
	69,453		PSP Swiss Property AG.		8,461
	8,104,540		PT Ciputra Development Tbk		614
	16,315,400	*,†	PT Hanson International Tbk		0	^
	225,200		Public Storage, Inc		55,570
	38,725,158		Puradelta Lestari Tbk PT		630
	1,556,500	*	Purplebricks Group plc		1,996
	343,390	e	QTS Realty Trust, Inc		21,304
	5,541,622		Quality House PCL		437
	407,841		Radium Life Tech Co Ltd		164
	11,885	*	Rafael Holdings, Inc		474
	183,723		Rayonier, Inc		5,925
	15,780	*,e	Raysum Co Ltd		129
	298,515	e	RDI REIT plc		500
	91,776		Re/Max Holdings, Inc		3,615
	84,495	*,e	Real Matters, Inc		961
	303,136	*	Realogy Holdings Corp		4,586
	73,506		Realty Income Corp		4,668
	802,000	e,g	Redco Properties Group Ltd		275
	4,176,159		Redefine Properties Ltd		1,061
	196,377	*,e	Redfin Corp		13,077
	780,000		Redsun Properties Group Ltd		292
	1,083,491		Regency Centers Corp		61,445

138

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	385,432	g	Regional REIT Ltd	$	419
	190,662		Reit Ltd		882
	119,128		Relo Holdings, Inc		2,531
	244,771		Resilient REIT Ltd		754
	10,215		Retail Estates NV		700
	182,085		Retail Opportunities Investment Corp		2,890
	332,740		Retail Properties of America, Inc		3,487
	89,395		Retail Value, Inc		1,673
	1,353,103		Rexford Industrial Realty, Inc		68,196
	195,164		RioCan Real Estate Investment Trust		3,022
	170,763		RiseSun Real Estate Development Co Ltd		168
	256,400		RLJ Lodging Trust		3,969
	66,516		RMR Group, Inc		2,715
	164,277		Road King Infrastructure		216
	1,604,800		Robinsons Land Corp		592
	423,905	e	Ronshine China Holdings Ltd		293
	117,247		RPT Realty		1,338
	673,792		Ruentex Development Co Ltd		1,172
	303,189		Rural Funds Group		535
	52,048	*	Ryman Hospitality Properties		4,034
	469,679		Sabra Healthcare REIT, Inc		8,154
	20,460	e	Safehold, Inc		1,434
	554,014		Safestore Holdings plc		6,076
	115,944		Sagax AB		430
	358,297	e	Samhallsbyggnadsbolaget i - D		1,220
	814,414	e	Samhallsbyggnadsbolaget i Norden AB		2,532
	34,430		SAMTY Co Ltd		632
	333		Samty Residential Investment Corp		352
	8,594,982		Sansiri PCL		298
	609,100		Sasseur Real Estate Investment Trust		403
	72,189	*	Saudi Real Estate Co		357
	10,339		Saul Centers, Inc		415
	146,062		Savills plc		2,300
	165,287		SBA Communications Corp		45,875
	778,446		SC Asset Corp PCL		81
	4,405,425		Scentre Group		9,485
	875,461		Seazen Group Ltd		1,076
	52,998		Seazen Holdings Co Ltd		396
	191,986		Segro plc		2,481
	4,208		Sekisui House Reit, Inc		3,504
	74,643		Selvaag Bolig ASA		551
	53,210	*,e	Seritage Growth Properties		976
	248,106		Service Properties Trust		2,943
	199,140	*,e	Shaftesbury plc		1,761
	29,081		Shanghai Lingang Holdings Corp Ltd		82
	1,209,292		Shanghai Lujiazui Finance & Trade Zone Development Co Ltd		1,067
	5,349		Shanghai Zhangjiang High-Tech Park Development Co Ltd		14
	1,484,072		Shenzhen Investment Ltd		516
	1,082,578		Shimao Property Holdings Ltd		3,418
	415,970	*	Shining Building Business Co Ltd		209
	1,102,166		Shopping Centres Australasia Property Group		2,111
	2,213,200	e	Shoucheng Holdings Ltd		534
	2,643,000		Shui On Land Ltd		405
	977,940		Siam Future Development PCL		196

139

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	37,700		Sichuan Languang Justbon Services Group Co Ltd	$	252
	1,897,600		Sime Darby Property BHD		298
	1,698,714		Simon Property Group, Inc		193,263
	2,422,000		Singha Estate PCL		169
	2,682,648		Sino Land Co		3,744
	2,219,000		Sino-Ocean Land Holdings Ltd		495
	167,692		Sinyi Realty Co		174
	1,661,183		Sirius Real Estate Ltd		2,034
	811,554		SITE Centers Corp		11,005
	139,732		Six of October Development & Investment		143
	5,769		SK D&D Co Ltd		199
	2,030,000		Skyfame Realty Holdings Ltd		248
	120,229	e	SL Green Realty Corp		8,415
	43,568		Slate Grocery REIT		404
	8,845,788		SM Prime Holdings		6,387
	75,499		SmartCentres Real Estate Investment Trust		1,613
	38,697		Sobha Ltd		232
	1,658,500	*	Soho China Ltd		508
	578		SOSiLA Logistics REIT, Inc		752
	1,260,200	*	SP Setia BHD		319
	46,928		Sparkassen Immobilien AG.		1,179
	1,024,200	e	SPH REIT		667
	305,833		Spirit Realty Capital, Inc		12,998
	5,700	*	SRE Holdings Corp		236
	196,678		ST Modwen Properties plc		1,098
	37,589		St. Joe Co		1,613
	481,983		STAG Industrial, Inc		16,199
	4,894		Star Asia Investment Corp		2,332
	1,606,890		Starhill Global REIT		670
	67,700		Starts Corp, Inc		1,781
	242		Starts Proceed Investment Corp		492
	1,067,299		Stockland Trust Group		3,583
	299,206	e	Stor-Age Property REIT Ltd		265
	1,223,000	e	StorageVault Canada, Inc		4,525
	490,269		STORE Capital Corp		16,424
	4,191	*	Stratus Properties, Inc		128
	190,106		Sumitomo Realty & Development Co Ltd		6,734
	6,939,100	*	Summarecon Agung Tbk PT		451
	155,369	*	Summit Hotel Properties, Inc		1,579
	78,487		Summit Industrial Income REIT		891
	42,729	*	Summit Real Estate Holdings Ltd		629
	294,448		Sun Communities, Inc		44,179
	92,580		Sun Frontier Fudousan Co Ltd		812
	1,196,123		Sun Hung Kai Properties Ltd		18,112
	2,235,197		Sunac China Holdings Ltd		9,612
	1,138,000		Sunlight Real Estate Investment Trust		613
	334,169	*	Sunstone Hotel Investors, Inc		4,164
	1,656,429		Suntec Real Estate Investment Trust		1,925
	42,020		Sunteck Realty Ltd		162
	1,501,500		Sunway Real Estate Investment		540
	1,144,801		Supalai PCL		786
	405,628		Swire Pacific Ltd (Class A)		3,056
	951,171		Swire Properties Ltd		2,952
	68,124		Swiss Prime Site AG.		6,289
	159,158		TAG Tegernsee Immobilien und Beteiligungs AG.		4,543
	321,500		Takara Leben Co Ltd		1,086

140

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	490		Takara Leben Real Estate Investment Corp	$	484
	765,566		Talaat Moustafa Group		305
	140,944	e	Tanger Factory Outlet Centers, Inc		2,132
	37,090	*	Tejon Ranch Co		621
	182,296		Terreno Realty Corp		10,531
	41,480	e	TOC Co Ltd		296
	343,493		Tokyo Tatemono Co Ltd		5,237
	478,710		Tokyu Fudosan Holdings Corp		2,846
	878		Tokyu REIT, Inc		1,438
	166,443		Tosei Corp		1,686
	1,969	*,e	Transcontinental Realty Investors, Inc		42
	200,164		Tricon Capital Group, Inc		2,048
	8,996,615		Tritax Big Box REIT plc		22,263
	16,182,689	g	Tritax EuroBox plc		22,421
	40,346		UDR, Inc		1,770
	1,032,500	*	UEM Sunrise Bhd		109
	878,172		UK Commercial Property REIT Ltd		873
	43,746		UMH Properties, Inc		839
	7,573	e	Unibail-Rodamco-Westfield		605
	1,883		Unibail-Rodamco-Westfield		151
	1,735,096	*	Union Properties PJSC		126
	1,359,323		Unite Group plc		19,991
	1,383,414		United Development Co PSC		606
	2,667		United Urban Investment Corp		3,589
	484,326		Uniti Group, Inc		5,342
	10,152		Universal Health Realty Income Trust		688
	397,633		UOL Group Ltd		2,338
	204,930		Urban Edge Properties		3,385
	46,266		Urstadt Biddle Properties, Inc (Class A)		770
	13,941		Vastned Retail NV		406
	628,591		Ventas, Inc		33,529
	268,523		VEREIT, Inc		10,370
	960,931	e	VICI Properties, Inc		27,137
	3,247,034		Vicinity Centres		4,105
	2,198,000		Vista Land & Lifescapes, Inc		170
	22,351		Vornado Realty Trust		1,015
	584,300		Vukile Property Fund Ltd		342
	167,248	e	Wallenstam AB		2,286
	628,409		Warehouse REIT plc		1,092
	353,718		Warehouses De Pauw CVA		11,688
	131,734		Washington REIT		2,911
	226,226		Watkin Jones plc		664
	1,043,282		Waypoint REIT		1,994
	126,637		Weingarten Realty Investors		3,408
	581,854		Welltower, Inc		41,678
	38,444	e	Wereldhave NV		656
	1,065,834		Weyerhaeuser Co		37,944
	7,151,909		WHA Corp PCL		799
	698,606		Wharf Holdings Ltd		1,854
	1,573,897		Wharf Real Estate Investment Co Ltd		8,851
	72,575		Whitestone REIT		704
	196,707		Wihlborgs Fastigheter AB		3,732
	405,040		Wing Tai Holdings Ltd		578
	137,160	e	Workspace Group plc		1,513
	19,755		WP Carey, Inc		1,398
	42,513		WPT Industrial Real Estate Investment Trust		642

141

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	176,412	*	Xenia Hotels & Resorts, Inc	$	3,440
	23,608		Xinhu Zhongbao Co Ltd		11
	306,000		Xinji Shaxi Group Co Ltd		65
	21,842	e	Xior Student Housing NV		1,166
	27,286		Yango Group Co Ltd		25
	664,342		Yanlord Land Group Ltd		614
	8,497		YH Dimri Construction & Development Ltd		465
	422,000		Yincheng International Holding Co Ltd		182
	1,514,044	*,e	Yoma Strategic Holdings Ltd		157
	561,600		YTL Hospitality REIT		121
	1,325,000		Yuexiu Real Estate Investment Trust		679
	3,067,130		Yuexiul Property Co Ltd		696
	1,485,000		Yuzhou Group Holdings Co Ltd		444
	637,089	e	Zhenro Properties Group Ltd		452
	201,559	*	Zhongtian Financial Group Co Ltd		91
	1,184,000	*	Zhuguang Holdings Group Co Ltd		315
			TOTAL REAL ESTATE		3,765,967
RETAILING - 6.3%
	267,573	*,e	1-800-FLOWERS.COM, Inc (Class A)		7,388
	50,012	e	Aaron’s Co, Inc		1,284
	9,479		ABC-Mart, Inc		535
	97,252	*	Abercrombie & Fitch Co (Class A)		3,337
	32,987	*,e	Academy Sports & Outdoors, Inc		890
	316,487		Accent Group Ltd		543
	5,147,300		Ace Hardware Indonesia Tbk PT		541
	30,130		Adastria Holdings Co Ltd		554
	89,001		Advance Auto Parts, Inc		16,331
	250,000	*	Airtrip Corp		5,214
	1,040,100	*	Alibaba Group Holding Ltd		29,552
	2,470,203	*	Alibaba Group Holding Ltd (ADR)		560,069
	1,710,187	*,g	Allegro.eu S.A.		24,074
	1,057,400		AllHome Corp		175
	15,990		Alpen Co Ltd		344
	973,379	*	Amazon.com, Inc		3,011,712
	238,063	e	American Eagle Outfitters, Inc		6,961
	5,791	*	America’s Car-Mart, Inc		882
	291,003	*	AO World plc		1,183
	35,200	e	AOKI Holdings, Inc		197
	158,084		AP Eagers Ltd		1,689
	4,060,000	*,e	Apollo Future Mobility Group Ltd		261
	31,122		Arata Corp		1,381
	30,376		Arc Land Sakamoto Co Ltd		467
	88,560	*	Aritzia, Inc		2,058
	17,558		Asahi Co Ltd		255
	23,873	*,e	Asbury Automotive Group, Inc		4,691
	156,464		ASKUL Corp		5,992
	396,911	*	ASOS plc		30,276
	87,707	*	At Home Group, Inc		2,517
	71,856	*,g	Auto1 Group SE		4,074
	64,688		Autobacs Seven Co Ltd		878
	121,239	*	Autonation, Inc		11,302
	34,846	*	AutoZone, Inc		48,934
	3,319,935		B&M European Value Retail S.A.		24,154
	24,129	g	B&S Group Sarl		243
	7,302,621	*	B2W Companhia Global Do Varejo		78,817

142

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	610,028	*,e	Baozun, Inc (ADR)	$	23,266
	352,083		Bapcor Ltd		2,013
	254,809	*,e	Bed Bath & Beyond, Inc		7,428
	55,005		Belluna Co Ltd		647
	674,273		Berjaya Auto BHD		235
	331,342		Best Buy Co, Inc		38,041
	98,954	*	BHG Group AB		1,648
	97,600		BIC CAMERA, Inc		1,097
	55,530	e	Big Lots, Inc		3,793
	138,297	*	Bilia AB		2,047
	2,047,900	*	Bintang Oto Global Tbk PT		193
	3,314,309	*	boohoo.com plc		15,519
	22,883	*	Boot Barn Holdings, Inc		1,426
	45,679	*,g	Boozt AB		951
	45,302		Buckle, Inc		1,779
	175,826	*	Burlington Stores, Inc		52,537
	87,924	*	C&A Modas Ltd		184
	60,445		Caleres, Inc		1,318
	185,132		Camping World Holdings, Inc		6,735
	81,585	e	Canadian Tire Corp Ltd		11,577
	542,937	*	CarMax, Inc		72,026
	237,416	*,e	CarParts.com, Inc		3,390
	87,378	*	Carvana Co		22,928
	37,958	*	Cato Corp (Class A)		455
	153,161	*	Ceconomy AG		887
	765,465		Central Retail Corp PCL		915
	104,012	*	Chico’s FAS, Inc		344
	197,277	*,e	Children’s Place, Inc		13,750
	606,000		China Harmony New Energy Auto Holding Ltd		320
	237,892		China International Travel Service Corp Ltd		11,161
	2,826,629		China Meidong Auto Holdings Ltd		13,127
	155,000		China Tobacco International HK Co Ltd		404
	879,000	*,e	China ZhengTong Auto Services Holdings Ltd		80
	15,316		Chiyoda Co Ltd		137
	18,545	*	Citi Trends, Inc		1,554
	17,166		CJ O Shopping Co Ltd		2,169
	113,866	*	Clas Ohlson AB (B Shares)		1,220
	471,279		Com7 PCL (Foreign)		969
	28,344	*	Conn’s, Inc		551
	174,436	*	Container Store Group, Inc		2,903
	136,702		Core-Mark Holding Co, Inc		5,289
	1,409,058	*,e	Coupang, Inc		69,537
	4,790		Cuckoo Homesys Co Ltd		181
	258,246		DCM Holdings Co Ltd		2,705
	48,685		Delek Automotive Systems Ltd		595
	206,089	*,g	Delivery Hero AG.		26,713
	24,500	*,e	Demae-Can Co Ltd		541
	99,909	*	Designer Brands, Inc		1,738
	163,133	*	Despegar.com Corp		2,224
	10,957	e	Dick’s Sporting Goods, Inc		834
	22,583		Dieteren S.A.		2,208
	23,265	e	Dillard’s, Inc (Class A)		2,247
	1,041,707	*	Dixons Carphone plc		2,053
	544,212		Dohome PCL		349
	413,716		Dollar General Corp		83,827
	383,959	*	Dollar Tree, Inc		43,948

143

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	613,737		Dollarama, Inc	$	27,114
	507,332		Don Quijote Co Ltd		11,975
	25,100		Doshisha Co Ltd		425
	99,905	e	Dufry Group		6,817
	17,808	*	Duluth Holdings, Inc		302
	104,502		Dunelm Group plc		1,872
	60,242	g	Dustin Group AB		615
	1,114,195		eBay, Inc		68,233
	84,578	e	EDION Corp		948
	68,952	*,e	eDreams ODIGEO S.A.		381
	28,300		Enigmo, Inc		355
	6,337	*,e	Envela Corp		32
	230,634	*	Etsy, Inc		46,512
	340,931	g	Europris ASA		2,043
	483,110	*	Expedia Group, Inc		83,153
	745,000		Far Eastern Department Stores Co Ltd		627
	40,271	*,e	Farfetch Ltd		2,135
	32,362		Fast Retailing Co Ltd		25,869
	56,417	*	Fawaz Abdulaziz Al Hokair & Co		339
	108,882	*	Five Below, Inc		20,774
	25,827	*	Fiverr International Ltd		5,609
	1,442,438	*,g	Fix Price Group Ltd (ADR)		14,078
	151,957	*	Floor & Decor Holdings, Inc		14,509
	17,073		Fnac Darty SA		1,047
	19,048		Foot Locker, Inc		1,071
	251,289	*	Foschini Ltd		2,086
	8,005		Fox Wizel Ltd		914
	32,472		Franchise Group, Inc		1,173
	413,014	*	Frasers Group plc		2,622
	19,400		Fuji Co Ltd		377
	152,185	*,e	Funko, Inc		2,995
	187,749	*	Future Enterprises Ltd		110
	98,394	*,e	GameStop Corp (Class A)		18,677
	542,994	*	Gap, Inc		16,170
	21,768	*	Genesco, Inc		1,034
	19,491		Genuine Parts Co		2,253
	34,600		Geo Holdings Corp		372
	270,000	*	Global Fashion Group S.A.		3,546
	4,051,885	*,e	GOME Electrical Appliances Holdings Ltd		753
	561,500	*	Grand Baoxin Auto Group Ltd		59
	11,499	*,e	Greenlane Holdings Inc		61
	27,291		Group 1 Automotive, Inc		4,306
	35,754	*,e	Groupon, Inc		1,807
	40,183	*,e	GrowGeneration Corp		1,997
	332,780	*	GrubHub, Inc		19,967
	73,553	*	Grupo SBF S.A.		345
	2,373		GS Home Shopping, Inc		316
	65,263		Guess?, Inc		1,534
	60,600		Gulliver International Co Ltd		396
	589,086	*	Halfords Group plc		3,086
	93,225	e	Hankyu Department Stores, Inc		774
	589,543		Harvey Norman Holdings Ltd		2,577
	26,709		Haverty Furniture Cos, Inc		993
	485,362	*	HelloFresh SE		36,163
	1,841,599	*,e	HengTen Networks Group Ltd		2,322
	664,563	e	Hennes & Mauritz AB (B Shares)		14,977

144

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	49,351	*	Hibbett Sports, Inc	$	3,400
	29,822		Hikari Tsushin, Inc		6,013
	2,312,961		Home Depot, Inc		706,031
	2,158,167		Home Product Center PCL (Foreign)		1,025
	26,926	*	Home24 SE		585
	587,000	*	Hong Kong Television Network Ltd		894
	9,079		Hornbach Baumarkt AG.		382
	11,175		Hornbach Holding AG. & Co KGaA		1,091
	195,482		Hotai Motor Co Ltd		4,047
	12,037		Hotel Shilla Co Ltd		929
	2,285,000	*,†	Hsin Chong Group Holdings Ltd		3
	10,722		Hyundai Department Store Co Ltd		863
	4,279		Hyundai Home Shopping Network Corp		307
	407,707		Inchcape plc		4,230
	755,001		Industria De Diseno Textil S.A.		24,945
	131,311	*	Infibeam Avenues Ltd		85
	484,100	e	Isetan Mitsukoshi Holdings Ltd		3,415
	36,500		Izumi Co Ltd		1,433
	235,700		J Front Retailing Co Ltd		2,248
	54,290		Jarir Marketing Co		2,635
	209,376		JB Hi-Fi Ltd		8,264
	765,300	*,g	JD Health International, Inc		11,133
	695,134	*	JD Sports Fashion plc		7,902
	225,482	*	JD.com, Inc		9,509
	2,316,017	*	JD.com, Inc (ADR)		195,310
	14,142		JINS Holdings, Inc		1,008
	30,520		Joshin Denki Co Ltd		873
	133,474		Joyful Honda Co Ltd		1,733
	43,856		JUMBO S.A.		805
	181,493	*,e,g	Just Eat Takeaway.com NV		16,700
	36,187		Keiyo Co Ltd		240
	123,133		Kering		84,969
	1,089,130	*	Kingfisher plc		4,774
	9,100	*	Kintetsu Department Store Co Ltd		268
	76,706	e	Kogan.com Ltd		703
	109,792	e	Kohl’s Corp		6,545
	73,205		Kohnan Shoji Co Ltd		2,109
	29,300	*	Kojima Co Ltd		187
	126,952		Komeri Co Ltd		3,541
	529,728		K’s Holdings Corp		7,292
	101,318	*	L Brands, Inc		6,268
	18,764	*,e	Lands’ End, Inc		466
	110,967	*	Leslie’s, Inc		2,718
	39,281		Liaoning Cheng Da Co Ltd		123
	514,000	*	Lifestyle International Holdings Ltd		449
	38,378	*	Liquidity Services, Inc		713
	46,711		Lithia Motors, Inc (Class A)		18,221
	40,311	*	LKQ Corp		1,706
	21,309,100		Lojas Americanas S.A. (Preference)		84,651
	1,417,200		Lojas Quero Quero S		3,857
	643,332		Lojas Renner S.A.		4,868
	7,111		LOTTE Himart Co Ltd		264
	4,830		Lotte Shopping Co Ltd		540
	59,444	e	Lovisa Holdings Ltd		650
	1,877,535		Lowe’s Companies, Inc		357,070
	321,561		Luk Fook Holdings International Ltd		887

145

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	43,120	*	Lumber Liquidators, Inc	$	1,083
	540,418	*	Macy’s, Inc		8,749
	5,249,525		Magazine Luiza S.A.		18,877
	431,134	*,e	Magnite, Inc		17,939
	43,227	g	Maisons du Monde S.A.		956
	346,726	*,g	Maoyan Entertainment		580
	110,224	*	MarineMax, Inc		5,441
	227,080	*	Marisa Lojas S.A.		218
	1,986,429	*	Marks & Spencer Group plc		4,129
	83,318	e	Marui Co Ltd		1,570
	142,466,800	*,a	Matahari Department Store Tbk PT		13,175
	40,802	*	Matas A.S.		534
	29,716	*	Matsuya Co Ltd		247
	7,471	e	Media Do Holdings Co Ltd		445
	3,581,635	*,g	Meituan Dianping (Class B)		139,770
	63,996		Mekonomen AB		946
	10,803	*	MercadoLibre, Inc		15,904
	74,300	*	Mercari, Inc		3,392
	119,071	*	Michaels Cos, Inc		2,612
	6,102,279	*	Mitra Adiperkasa Tbk PT		311
	37,978		Mobilezone Holding AG.		496
	827,500	*	MOBLY S.A.		3,234
	26,141		momo.com, Inc		912
	555,150		Moneysupermarket.com Group plc		2,041
	37,665		Monro Muffler, Inc		2,478
	115,210		Motus Holdings Ltd		672
	295,972		Mr Price Group Ltd		3,877
	211,000	*,e,g	Mulsanne Group Holding Ltd		172
	23,218		Murphy USA, Inc		3,356
	30,622		Musti Group Oyj		988
	14,400		Nafco Co Ltd		279
	903,022		Naspers Ltd (N Shares)		216,283
	123,653	*	National Vision Holdings, Inc		5,420
	25,300		Next plc		2,742
	40,320		Nextage Co Ltd		689
	73,891		Nick Scali Ltd		561
	46,835		Nishimatsuya Chain Co Ltd		709
	84,817		Nitori Co Ltd		16,429
	102,162		Nojima Corp		2,602
	19,089	*,e	Nordstrom, Inc		723
	411,101	*	Ocado Ltd		11,526
	157,709	*	ODP Corp		6,827
	22,100	*	Oisix ra daichi, Inc		584
	88,489	*	Ollie’s Bargain Outlet Holdings, Inc		7,699
	137,734	*,g	On the Beach Group plc		772
	16,354	*	OneWater Marine, Inc		654
	12,184	*,e	Open Door, Inc		203
	113,437	*	O’Reilly Automotive, Inc		57,541
	60,117	*	Overstock.com, Inc		3,983
	266,587	*	Padini Holdings BHD		193
	23,528	*	Pal Co Ltd		326
	305,315		Paltac Corp		16,548
	67,780		PChome Online Inc		206
	44,951		Penske Auto Group, Inc		3,607
	1,132,895	*,e	Petco Health & Wellness Co, Inc		25,105
	15,018	e	PetMed Express, Inc		528

146

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	702,372		Petrobras Distribuidora S.A.	$	2,755
	515,111		Pets at Home Group plc		2,937
	586,148	*	Pinduoduo, Inc (ADR)		78,473
	76,235		Pool Corp		26,319
	1,640,129	*	Pou Sheng International Holdings Ltd		368
	41,701	*	Poya Co Ltd		874
	226,186		Premier Investments Ltd		4,488
	468,581		Prosus NV		52,143
	619,668		PTG Energy PCL (Foreign)		410
	2,179,000		PTT Oil & Retail Business PCL		2,249
	161,831	*	Quotient Technology, Inc		2,644
	544,722		Qurate Retail Group, Inc QVC Group		6,406
	252,065	*	Rakuten, Inc		3,011
	236,918	*	RealReal, Inc		5,361
	218,844	*	Redbubble Ltd		838
	182,794		Rent-A-Center, Inc		10,540
	30,770	*,e	RH		18,357
	665,242		Ripley Corp S.A.		240
	483,884		Ross Stores, Inc		58,023
	104,140		Ryohin Keikaku Co Ltd		2,472
	1,233,831	*,e	SA SA International Holdings Ltd		284
	1,101,921		SACI Falabella		5,005
	175,308	*	Sally Beauty Holdings, Inc		3,529
	52,300	*,e	Sanrio Co Ltd		832
	182,653		Saudi Co For Hardware CJSC		2,906
	22,417		Seobu Truck Terminal Co Ltd		156
	63,981		Seria Co Ltd		2,237
	43,604		Shanghai Yuyuan Tourist Mart Group Co Ltd		72
	46,019		Shimamura Co Ltd		5,318
	3,048		Shinsegae Co Ltd		761
	2,105		Shinsegae International Co Ltd		379
	14,688		Shoe Carnival, Inc		909
	13,780	*,g	Shop Apotheke Europe NV		3,004
	38,245		Shutterstock, Inc		3,405
	83,173	*	Signet Jewelers Ltd		4,822
	38,121	g	Sleep Country Canada Holdings, Inc		963
	65,397	*	Sleep Number Corp		9,384
	26,487	*,g	SMCP S.A.		191
	78,945		Sonic Automotive, Inc (Class A)		3,913
	81,995	*	Sportsman’s Warehouse Holdings, Inc		1,414
	29,036	*	Stamps.com, Inc		5,793
	51,729	*	Stitch Fix Inc		2,563
	276,624		Suning.com Co Ltd		291
	280,526	*	Super Group Ltd		564
	158,941		Super Retail Group Ltd		1,428
	3,202		Tadiran Holdings Ltd		337
	132,351		Takashimaya Co Ltd		1,417
	37,096		Takkt AG.		562
	963,560		Target Corp		190,852
	41,769		Telepark Corp		725
	84,027	*	Temple & Webster Group Ltd		584
	130,000		Test-Rite International Co		119
	7,264,194	*	THG Holdings Ltd		62,440
	40,198	*	Tilly’s, Inc		455
	3,146,545		TJX Companies, Inc		208,144
	76,304	e	Tokmanni Group Corp		1,788

147

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	376,820	*	Tongcheng-Elong Holdings Ltd	$	853
	6,644,543	g	Topsports International Holdings Ltd		9,908
	182,996	e	Tractor Supply Co		32,405
	472,613	*,g	Trainline plc		2,994
	71,534		Trent Ltd		737
	187,883	*	Trip.com Group Ltd (ADR)		7,446
	318,225		Truworths International Ltd		1,031
	101,254	*	Ulta Beauty, Inc		31,305
	23,599	*	United Arrows Ltd		450
	22,258		United Electronics Co		624
	495,271	*	Urban Outfitters, Inc		18,419
	325,173		USS Co Ltd		6,378
	84,623	*,e	Uxin Ltd (ADR)		99
	3,813	*	Valora Holding AG.		808
	5,000	*,e	Valuence Holdings, Inc		122
	1,055,267	*	Via Varejo S.A.		2,263
	174,980	*	Vipshop Holdings Ltd (ADR)		5,225
	6,781	*	V-Mart Retail Ltd		259
	160,251	*,e	Vroom, Inc		6,248
	86,988		VT Holdings Co Ltd		351
	187,508	*,e	Waitr Holdings Inc		549
	19,735		Wangfujing Group Co Ltd		90
	109,245	*,e	Wayfair, Inc		34,385
	327,865	*,e	Webjet Ltd		1,398
	995,818		Wesfarmers Ltd		39,991
	12,243	*	Westwing Group AG.		565
	4,509		Weyco Group, Inc		98
	133,417	*	WH Smith plc		3,306
	1,206,400		Wilcon Depot, Inc		443
	108,302	e	Williams-Sonoma, Inc		19,408
	6,250		Winmark Corp		1,165
	1,047,948	*	Woolworths Holdings Ltd		3,510
	244,200	e	Workman Co Ltd		17,531
	50,600		World Co Ltd		677
	156,783		Wuchan Zhongda Group Co Ltd		116
	22,042		Xebio Co Ltd		187
	345,000		Xinhua Winshare Publishing and Media Co Ltd		239
	149,008	*,g	XXL ASA		326
	1,077,225	*	Yamada Denki Co Ltd		5,822
	74,561		Yellow Hat Ltd		1,278
	169,630	*,g	Zalando SE		16,622
	233,072		Zhongsheng Group Holdings Ltd		1,651
	6,078	*	zooplus AG.		1,736
	228,130		ZOZO Inc		6,758
	93,861	*	Zumiez, Inc		4,027
			TOTAL RETAILING		8,284,042
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 5.2%
	161,615		A-DATA Technology Co Ltd		489
	28,805		Advanced Energy Industries, Inc		3,145
	1,420,058	*	Advanced Micro Devices, Inc		111,475
	9,263		Advanced Process Systems Corp		236
	106,483		Advanced Wireless Semiconductor Co		588
	87,600		Advantest Corp		7,694
	248,200		AEM Holdings Ltd		767
	116,651	*	Aixtron AG.		2,651

148

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	50,000		Alchip Technologies Ltd	$	1,594
	69,013	*	Allegro MicroSystems, Inc		1,749
	47,800	*	Alpha & Omega Semiconductor Ltd		1,563
	91,210	*	Ambarella, Inc		9,157
	731,835	e	Amkor Technology, Inc		17,352
	437,156	*,e	ams AG.		8,704
	630,610		Analog Devices, Inc		97,795
	31,000		AP Memory Technology Corp		956
	3,788,227		Applied Materials, Inc		506,107
	331,738		Ardentec Corp		525
	29,322,825		ASE Technology Holding Co Ltd		111,854
	61,904		ASM International NV		17,949
	1,353,774		ASM Pacific Technology		17,325
	24,231		ASMedia Technology, Inc		1,279
	872,791		ASML Holding NV		535,518
	60,000		ASPEED Technology, Inc		3,660
	12,897	*,e	Atomera, Inc		316
	29,726	*	Atto Co Ltd		175
	49,967	*	Axcelis Technologies, Inc		2,053
	57,072	*	AXT, Inc		665
	80,138		BE Semiconductor Industries NV		6,694
	1,148,719	e	Broadcom, Inc		532,615
	267,171		Brooks Automation, Inc		21,815
	25,211	*	Camtek Ltd		726
	16,110	*	Ceva, Inc		905
	84,000		Chang Wah Technology Co Ltd		216
	11,538	*,†	China Energy Savings Technology, Inc		0
	1,512,000		Chipbond Technology Corp		4,128
	446,436		ChipMOS Technologies, Inc		697
	80,686	*	Cirrus Logic, Inc		6,841
	26,701		CMC Materials, Inc		4,720
	76,200	*	Cohu, Inc		3,188
	561,964	*,e	Cree, Inc		60,765
	5,304	*	CyberOptics Corp		138
	45,400	*,e	Daqo New Energy Corp (ADR)		3,428
	74,613	*	Dialog Semiconductor plc		5,625
	69,254	*	Diodes, Inc		5,529
	25,380		Disco Corp		8,020
	92,160		Dongbu HiTek Co Ltd		4,609
	20,516	*,e	DSP Group, Inc		292
	218,400		Elan Microelectronics Corp		1,507
	194,000		Elite Semiconductor Memory Technology, Inc		714
	7,804		Elmos Semiconductor AG.		328
	101,571		eMemory Technology, Inc		3,170
	470,000	*	ENNOSTAR, Inc		1,352
	241,549	*	Enphase Energy, Inc		39,170
	215,747		Entegris, Inc		24,121
	6,783		Eo Technics Co Ltd		715
	74,000		Episil-Precision, Inc		186
	11,233		Eugene Technology Co Ltd		445
	477,000		Everlight Electronics Co Ltd		776
	165,060		Faraday Technology Corp		303
	39,433		Ferrotec		792
	127,922	*	First Solar, Inc		11,168
	218,000	*	Forhouse Corp		129
	217,741	*	Formfactor, Inc		9,822

149

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	103,000		Formosa Advanced Technologies Co Ltd	$	146
	864,200		Formosa Sumco Technology Corp		4,134
	47,376		Foxsemicon Integrated Technology, Inc		390
	14,263,000	*,e	GCL Poly Energy Holdings Ltd		3,661
	332,906	*	GCL System Integration Technology Co Ltd		169
	25,355	*	GemVax & Kael Co Ltd		543
	25,990		Gigadevice Semiconductor Beijing, Inc		681
	56,000		Global Lighting Technologies, Inc		211
	51,000		Global Mixed Mode Technology, Inc		373
	226,000		Global Unichip Corp		3,193
	1,551,988		Globalwafers Co Ltd		41,146
	447,233		Globetronics Technology BHD		297
	911,200	*	Greatech Technology Bhd		1,176
	223,000		Greatek Electronics, Inc		557
	25,656	*,e	GSI Technology, Inc		172
	34,000		Gudeng Precision Industrial Co Ltd		394
	27,536		Hangzhou First Applied Material Co Ltd		362
	83,144		Hangzhou Silan Microelectronics Co Ltd		309
	17,786		Hanmi Semiconductor Co Ltd		386
	134,000		Holtek Semiconductor, Inc		441
	212,531	*,g	Hua Hong Semiconductor Ltd		1,169
	831,792		Hynix Semiconductor, Inc		98,203
	192,714	*	Ichor Holdings Ltd		10,368
	62,072	*,e	Impinj, Inc		3,530
	2,358,236		Infineon Technologies AG.		100,337
	21,456	*	Ingenic Semiconductor Co Ltd		200
	5,435	*	Innox Advanced Materials Co Ltd		270
	77,191	*	Inphi Corp		13,772
	14,075,715	n	Intel Corp		900,846
	764,233	*	IQE plc		618
	5,151		ITM Semiconductor Co Ltd		204
	51,403	*	JA Solar Technology Co Ltd		227
	65,013		Japan Material Co Ltd		772
	51,000		Jentech Precision Industrial Co Ltd		516
	27,247	*,e	JinkoSolar Holding Co Ltd (ADR)		1,136
	842,000		King Yuan Electronics Co Ltd		1,223
	206,000		Kinsus Interconnect Technology Corp		813
	234,239	e	KLA Corp		77,393
	8,338		Koh Young Technology, Inc		850
	421,295		Lam Research Corp		250,772
	58,800		Land Mark Optoelectronics Corp		558
	137,048		Lasertec Corp		18,099
	508,102	*	Lattice Semiconductor Corp		22,875
	7,552		LEENO Industrial Inc		1,049
	194,417		LONGi Green Energy Technology Co Ltd		2,632
	28,278		Machvision, Inc		283
	96,831	*	MACOM Technology Solutions Holdings, Inc		5,618
	1,407,000		Macronix International		2,206
	166,457		Malaysian Pacific Industries BHD		1,565
	781,000		Marketech International Corp		3,115
	2,552,318		Marvell Technology Group Ltd		125,013
	9,234	*,e	Maxeon Solar Technologies Ltd		291
	233,413		Maxim Integrated Products, Inc		21,327
	72,916	*	MaxLinear, Inc		2,485
	1,655,065		MediaTek, Inc		56,929
	14,889	*	Megachips Corp		477

150

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	20,701		Melexis NV	$	2,190
	2,294,451	*,e	Meyer Burger Technology AG.		1,052
	94,100		Mi Technovation Bhd		91
	242,085		Microchip Technology, Inc		37,576
	3,306,491	*	Micron Technology, Inc		291,666
	31,400		Micronics Japan Co Ltd		480
	17,991		Mimasu Semiconductor Industry Co Ltd		445
	18,406		Mitsui High-Tec, Inc		773
	287,461		MKS Instruments, Inc		53,301
	135,111		Monolithic Power Systems, Inc		47,723
	255,000	*	Motech Industries, Inc		349
	73,177	*	Nanometrics, Inc		4,808
	493,075		Nanya Technology Corp		1,606
	25,114		NAURA Technology Group Co Ltd		553
	213,160	*	NeoPhotonics Corp Ltd		2,547
	12,921	*	NEPES Corp		434
	157,977	*	Nordic Semiconductor ASA		2,832
	49,760	*	Nova Measuring Instruments Ltd		4,367
	226,758		Novatek Microelectronics Corp Ltd		4,619
	112,657		Nuvoton Technology Corp		228
	3,289		NVE Corp		231
	902,800	n	NVIDIA Corp		482,032
	1,071,585		NXP Semiconductors NV		215,753
	1,283,476	*	ON Semiconductor Corp		53,405
	31,252		Optorun Co Ltd		779
	186,100		Pan Jit International, Inc		351
	94,401		Parade Technologies Ltd		4,076
	24,363	*	PDF Solutions, Inc		433
	55,222		Phison Electronics Corp		953
	102,325	*	Photronics, Inc		1,316
	96,613		Pixart Imaging, Inc		694
	32,518	*	Pixelworks, Inc		108
	50,299		Power Integrations, Inc		4,098
	296,338		Powertech Technology, Inc		1,100
	91,459	*	Qorvo, Inc		16,710
	1,577,320		QUALCOMM, Inc		209,137
	1,250,983		Radiant Opto-Electronics Corp		5,589
	265,378	*	Rambus, Inc		5,159
	187,261		Realtek Semiconductor Corp		3,269
	1,896,215	*	Renesas Electronics Corp		20,761
	10,467		RFHIC Corp		354
	41,000		RichWave Technology Corp		921
	81,541		Rohm Co Ltd		7,997
	9,507		Rorze Corp		675
	6,500		RS Technologies Co Ltd		377
	11,171		S&S Tech Corp		320
	276,713		Sanan Optoelectronics Co Ltd		988
	23,613	*,e	Sanken Electric Co Ltd		1,111
	39,069	e	SCREEN Holdings Co Ltd		3,459
	103,000		SDI Corp		296
	95,288	*	Semtech Corp		6,575
	30,797		Seoul Semiconductor Co Ltd		506
	8,657		Seoul Viosys Co Ltd		121
	7,904		SG Micro Corp		280
	204,000	*	Shanghai Fudan Microelectronics Group Co Ltd		301
	29,885		Shenzhen Goodix Technology Co Ltd		513

151

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	19,621		Shenzhen SC New Energy Technology Corp	$	327
	916,900		Shinko Electric Industries		28,536
	94,543	*	Shinsung Holdings Co Ltd		276
	34,000		ShunSin Technology Holding Ltd		150
	289,116		Sigurd Microelectronics Corp		533
	202,578		Silergy Corp		16,709
	79,155	*	Silicon Laboratories, Inc		11,166
	8,589		Silicon Works Co Ltd		577
	21,730	*	Siltronic AG.		3,504
	14,503		SIMMTECH Co Ltd		282
	377,838		Sino-American Silicon Products, Inc		2,252
	16,631	*	SiTime Corp		1,640
	86,567		Sitronix Technology Corp		732
	274,481		Skyworks Solutions, Inc		50,362
	9,369	*	SMA Solar Technology AG.		551
	11,311	*,e	SMART Global Holdings, Inc		521
	21,925	*,e	SOITEC		4,476
	79,451	*	SolarEdge Technologies, Inc		22,837
	667,616		STMicroelectronics NV		25,506
	61,581	*	STS Semiconductor & Telecommunications		415
	1,015,283		Sumco Corp		23,268
	233,574	*,e	SunPower Corp		7,813
	61,143	*	Synaptics, Inc		8,280
	155,000		Taiwan Semiconductor Co Ltd		315
	29,329,458		Taiwan Semiconductor Manufacturing Co Ltd		617,655
	457,054	e	Taiwan Semiconductor Manufacturing Co Ltd (ADR)		54,060
	197,847		Taiwan Surface Mounting Technology Co Ltd		815
	275,662		Teradyne, Inc		33,543
	10,204		TES Co Ltd		310
	7,809		Tesna Co Ltd		328
	1,022,871		Texas Instruments, Inc		193,312
	160,425		Tianjin Zhonghuan Semiconductor Co Ltd		695
	160,561		Tianshui Huatian Technology Co Ltd		287
	3,476		Tokai Carbon Korea Co Ltd		579
	82,705		Tokyo Electron Ltd		35,946
	38,300		Tokyo Seimitsu Co Ltd		1,752
	71,348	*	TongFu Microelectronics Co Ltd		213
	308,330		Topco Scientific Co Ltd		1,481
	15,520		Toptec Co Ltd		169
	57,545	*,e	Tower Semiconductor Ltd		1,614
	105,499	*	Tower Semiconductor Ltd (Tel Aviv)		2,950
	20,400		Tri Chemical Laboratories, Inc		653
	1,746,000	*,†	Trony Solar Holdings Co Ltd.		2
	278,000	*	TSEC Corp		458
	7,119		U-Blox AG.		461
	127,066	*	Ultra Clean Holdings		7,375
	45,344		Ulvac, Inc		1,915
	32,006		Unigroup Guoxin Microelectronics Co Ltd		525
	102,000		Unisem M BHD		189
	4,629,071		United Microelectronics Corp		8,303
	1,732,860	*	United Renewable Energy Co Ltd/Taiwan		915
	12,660	*	UniTest, Inc		249
	116,966		Universal Display Corp		27,694
	952,144		Vanguard International Semiconductor Corp		3,631
	76,734	*	Veeco Instruments, Inc		1,591
	150,000	*	Via Technologies, Inc		282

152

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	110,068		Visual Photonics Epitaxy Co Ltd	$	461
	162,300		ViTrox Corp BHD		586
	366,975		Wafer Works Corp		547
	45,211		Will Semiconductor Ltd		1,784
	319,000		Win Semiconductors Corp		4,405
	1,121,389		Winbond Electronics Corp		1,173
	22,286		WONIK IPS Co Ltd		1,025
	120,955		Wuxi Taiji Industry Co Ltd		153
	51,993	*,g	X-Fab Silicon Foundries SE		448
	29,104	*,g	X-Fab Silicon Foundries SE		251
	251,107		Xilinx, Inc		31,112
	124,000	*	XinTec, Inc		792
	3,363,214		Xinyi Solar Holdings Ltd		5,575
	72,906		Zhejiang Jingsheng Mechanical & Electrical Co Ltd		368
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		6,783,520
SOFTWARE & SERVICES - 10.7%
	129,800	*	21Vianet Group, Inc (ADR)		4,193
	103,631	*,e	2U, Inc		3,962
	112,387		360 Security Technology, Inc		240
	150,526	*	8x8, Inc		4,883
	128,022	*	A10 Networks, Inc		1,230
	48,507		Absolute Software Corp		674
	1,161,409		Accenture plc		320,839
	116,994	*	ACI Worldwide, Inc		4,452
	83,252	*	ACV Auctions, Inc		2,881
	2,987		Adesso SE		380
	4,263		Admicom Oyj		479
	498,839	*	Adobe, Inc		237,133
	37,067	*,g	Adyen NV		82,711
	481,936	*	Afterpay Touch Group Ltd		37,641
	36,342	*	Agilysys, Inc		1,743
	4,455		Ahnlab, Inc		259
	721	*,e	AI inside, Inc		233
	136,787	*	Akamai Technologies, Inc		13,939
	58,577	*	Alarm.com Holdings, Inc		5,060
	79,451	g	Alfa Financial Software Holdings plc		148
	7,875		Allgeier SE		226
	65,203	e	Alliance Data Systems Corp		7,309
	7,100	e	Alpha Systems, Inc		231
	32,527	*,e	Altair Engineering, Inc		2,035
	30,284	*	Alten		3,553
	49,870	*	Alteryx, Inc		4,137
	492,869		Altium Ltd		9,961
	891,859		Amadeus IT Holding S.A.		63,525
	127,808		Amdocs Ltd		8,966
	24,996		American Software, Inc (Class A)		517
	2,072,814	*,n	Anaplan, Inc		111,621
	80,674	*	Ansys, Inc		27,394
	116,051	e	Appen Ltd		1,404
	12,078	*	Appfolio, Inc		1,708
	34,724	*,e	Appian Corp		4,617
	17,600		Argo Graphics, Inc		506
	61,842	*	Aspen Technology, Inc		8,926
	67,084		Asseco Poland S.A.		1,147
	32,140	*	Asure Software, Inc		246

153

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	82,310		Atea ASA	$	1,399
	113,909	*,e	Atlassian Corp plc		24,007
	83,724		Atos Origin S.A.		6,528
	8,244		Aubay		417
	307,720	*	Autodesk, Inc		85,285
	667,855		Automatic Data Processing, Inc		125,871
	89,295	*	Avalara, Inc		11,915
	1,435,766	g	Avast plc		9,024
	358,853	*	Avaya Holdings Corp		10,059
	97,145		Aveva Group plc		4,582
	975,000	*,e	BASE, Inc		14,154
	9,744	*	BasWare Oyj		419
	109,011		Bechtle AG.		20,450
	25,937		Beijing E-Hualu Information Technology Co Ltd		100
	8,243		Beijing Shiji Information Technology Co Ltd		37
	56,618		Beijing Sinnet Technology Co Ltd		149
	33,312		Beijing Thunisoft Corp Ltd		97
	62,066	*	Benefitfocus, Inc		857
	67,868	*	BigCommerce Holdings, Inc		3,923
	119,498	*	Bill.Com Holdings, Inc		17,387
	105,303		Birlasoft Ltd		366
	296,023	*	Black Knight, Inc		21,903
	67,635	*	Blackbaud, Inc		4,807
	506,904	*	Blackberry Ltd (New)		4,251
	93,623	*	Blackline, Inc		10,149
	311,542	*,e	Blue Prism Group plc		5,454
	7,179	*,h	BM Technologies, Inc		84
	32,047	*	Bottomline Technologies, Inc		1,450
	610,556	*	Box, Inc		14,018
	252,179		Bravura Solutions Ltd		491
	177,197	*	Brightcove, Inc		3,565
	92,000		Broadleaf Co Ltd		453
	181,508		Broadridge Financial Solutions, Inc		27,789
	172,203	*	Bytes Technology Group plc		948
	22,972	*,e	C3.ai, Inc		1,514
	356,346	*	Cadence Design Systems, Inc		48,816
	76,680	*	Cafe24 Corp		2,219
	40,245		Cancom SE		2,321
	299,454		Cap Gemini S.A.		50,915
	1,797,106	*	Capita Group plc		1,080
	33,353	*	Cardtronics plc		1,294
	13,494		Cass Information Systems, Inc		624
	172,028		CDK Global, Inc		9,300
	67,009	*,e	Cerence Inc		6,003
	179,119	*	Ceridian HCM Holding, Inc		15,094
	209,750	*	CGI, Inc		17,472
	32,000	*,e	Change, Inc		1,036
	184,869	*	ChannelAdvisor Corp		4,354
	307,300	*,e	Chatwork Co Ltd		3,548
	646,866	*	Check Point Software Technologies		72,430
	11,091		China National Software & Service Co Ltd		91
	82,374		China TransInfo Technology Co Ltd		199
	12,138,321	*	China Youzan Ltd		4,000
	1,656,000		Chinasoft International Ltd		1,796
	973,400		Cielo S.A.		643
	89,471		Citrix Systems, Inc		12,558

154

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	557,934	*	Cloudera, Inc	$	6,790
	107,488	*	Cloudflare, Inc		7,552
	10,795	*	CM.com NV		326
	16,322		Coforge Ltd		656
	1,064,419		Cognizant Technology Solutions Corp (Class A)		83,152
	214,460	*	Cognyte Software Ltd		5,964
	166,604	*,e	Commvault Systems, Inc		10,746
	109,860		Computacenter plc		3,589
	57,436		Computer Engineering & Consulting Ltd		748
	59,926	*,a,h	Computershare Ltd		688
	519,714		Computershare Ltd		5,963
	20,288		Comture Corp		492
	82,416	*,e	Concentrix Corp		12,339
	686,871	*	Conduent, Inc		4,575
	18,361		Constellation Software, Inc		25,642
	101,205	*	Cornerstone OnDemand, Inc		4,410
	60,513	*	Coupa Software, Inc		15,399
	38,279	*,g	Crayon Group Holding ASA		602
	133,553	*	Crowdstrike Holdings, Inc		24,375
	24,104		CSG Systems International, Inc		1,082
	32,619	*	CyberArk Software Ltd		4,219
	19,900		Cybozu, Inc		403
	62,199	*	Cyient Ltd		552
	456,802		Dassault Systemes S.A.		97,636
	149,659		Data#3 Ltd		593
	238,162	*	Datadog, Inc		19,848
	4,713	*	Datagroup SE		338
	35,713	*	Datto Holding Corp		818
	369,151	*	Descartes Systems Group, Inc		22,522
	1,704	*	Devoteam S.A.		213
	88,577		DHC Software Co Ltd		101
	8,407	*,e	Digimarc Corp		249
	11,100		Digital Arts, Inc		976
	3,708,831		Digital China Holdings Ltd		2,603
	33,713		Digital Garage, Inc		1,377
	243,900	*	Digital Turbine, Inc		19,600
	11,698	*	Docebo, Inc		503
	278,652	*	DocuSign, Inc		56,413
	115,646	*	Domo, Inc		6,510
	373	*	DRC Systems India Pvt Ltd		1
	211,130	*	Dropbox, Inc		5,629
	40,800		DTS Corp		933
	113,075	*	Duck Creek Technologies, Inc		5,104
	14,653		DuzonBIzon Co Ltd		1,277
	181,645	*	DXC Technology Co		5,678
	930,442		Dye & Durham Ltd		29,371
	257,605	*	Dynatrace, Inc		12,427
	24,100	e	Ebase Co Ltd		207
	30,064	e	Ebix, Inc		963
	107,331		Econocom Group S.A.		421
	189,651		Edenred		9,902
	2,600		Edulab, Inc		194
	26,321	*	eGain Corp		250
	92,329	*	Elastic NV		10,267
	271,731	*	EML Payments Ltd		1,021
	43,110		Enghouse Systems Ltd		2,000

155

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	39,674	*	Envestnet, Inc	$	2,866
	46,560	*	EPAM Systems, Inc		18,470
	391,555	g	Equiniti Group plc		698
	70,196	*	Euronet Worldwide, Inc		9,708
	56,940	*	Everbridge, Inc		6,900
	170,147		EVERTEC, Inc		6,333
	32,333	*	Evo Payments, Inc		890
	161,923	*	Exasol AG.		4,102
	55,711	*	ExlService Holdings, Inc		5,023
	51,473	*	Fair Isaac Corp		25,018
	73,306	*,e	Fastly, Inc		4,932
	1,546,462		Fidelity National Information Services, Inc		217,448
	108,403	*,†,g	Finablr plc		1
	296,092	*	FireEye, Inc		5,795
	101,775	*	First Derivatives plc		3,725
	208,955		Firstsource Solutions Ltd		327
	1,152,895	*	Fiserv, Inc		137,241
	136,412	*	Five9, Inc		21,325
	24,400		Fixstars Corp		229
	130,493	*	FleetCor Technologies, Inc		35,054
	10,184		Formula Systems 1985 Ltd		901
	119,225	*	Fortinet, Inc		21,987
	87,519		Fortnox AB		3,898
	65,900	*,e	Freee KK		5,630
	92,982	e	F-Secure Oyj		440
	25,684		FUJI SOFT, Inc		1,333
	124,871		Fujitsu Ltd		18,170
	9,327		Fukui Computer Holdings, Inc		335
	24,100		Future Architect, Inc		436
	77,412	*	Gartner, Inc		14,132
	380,676		GB Group plc		4,450
	562,151	*	GDS Holdings Ltd (ADR)		45,585
	333,125		Genpact Ltd		14,264
	94,064	g	Global Dominion Access S.A.		475
	612,261		Global Payments, Inc		123,420
	99,611	*	Globant S.A.		20,680
	5,000		GMO GlobalSign Holdings KK		308
	110,470		GMO internet, Inc		3,177
	114,077		GMO Payment Gateway, Inc		15,158
	261,921	*	GoDaddy, Inc		20,330
	84,348	*,e	GreenSky, Inc		522
	110,780	*,e	Grid Dynamics Holdings, Inc		1,765
	31,905	*,e	GTT Communications, Inc		58
	60,122	*,e	GTY Technology Holdings Inc		384
	17,965	*	Guidewire Software, Inc		1,826
	98,182		Hackett Group, Inc		1,609
	178,892		Hansen Technologies Ltd		740
	964,674		HCL Technologies Ltd		13,002
	61,000	*,e	Hennge KK		4,102
	1,508,501	*	Hi Sun Technology China Ltd		285
	14,284		Hilan Ltd		677
	192,746	*,e	HubSpot, Inc		87,547
	44,894		Hundsun Technologies, Inc		579
	4,047		Hyundai Autoever Corp		424
	72,329	*	I3 Verticals, Inc		2,251
	29,071	*	IBEX Ltd		640

156

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	188,002		Ideagen plc	$	754
	50,883		Iflytek Co Ltd		378
	131,489	*,e	Indra Sistemas S.A.		1,158
	20,009		Ines Corp		241
	264,386		Inesa Intelligent Tech, Inc - B		118
	131,311	*	Infibeam Incorporation Ltd		85
	21,453		Infocom Corp		548
	3,785,000		Infomart Corp		32,720
	32,390	*	Information Services Group, Inc		143
	21,148		Information Services International-Dentsu Ltd		751
	2,958,377		Infosys Technologies Ltd		55,512
	116,638		Integrated Research Ltd		206
	18,372	*,e	Intelligent Systems Corp		752
	39,864		InterDigital, Inc		2,529
	590,851		International Business Machines Corp		78,737
	21,618	*,e	International Money Express Inc		324
	464,734		Intuit, Inc		178,021
	97,199		iomart Group plc		419
	191,873		Iress Market Technology Ltd		1,344
	81,700		Itochu Techno-Science Corp		2,640
	54,072	*,e	j2 Global, Inc		6,481
	117,098		Jack Henry & Associates, Inc		17,766
	59,594	*	Jamf Holding Corp		2,105
	21,014	*,e	JFrog Ltd		932
	33,557	e	Justsystems Corp		1,843
	185,017		Kainos Group plc		3,806
	12,886		Kanematsu Electronics Ltd		435
	104,200	*,e	Kaonavi, Inc		3,196
	492,511	*	Keywords Studios plc		17,477
	47,557		Kginicis Co Ltd		828
	158,397	*	Kinaxis, Inc		18,485
	1,976,495		Kingdee International Software Group Co Ltd		6,198
	47,392	*	Kingsoft Cloud Holdings Ltd (ADR)		1,863
	683,710		Kingsoft Corp Ltd		4,572
	20,664		KNOW IT AB		643
	17,712	e	LAC Co Ltd		172
	45,405		Lakala Payment Co Ltd		209
	44,028	g	Larsen & Toubro Infotech Ltd		2,448
	797,056	*,e	Laybuy Group Holdings Ltd		534
	3,392,435		Learning Technologies Group plc		7,017
	466,175	*	Lightspeed POS, Inc		29,316
	21,004	e	Lime Technologies AB		876
	81,988	*,e	Limelight Networks, Inc		293
	553,932		Link Administration Holdings Ltd		2,169
	109,186		Linx S.A.		733
	235,321	*	Liveperson, Inc		12,411
	148,990	*	LiveRamp Holdings, Inc		7,730
	709,928	g	Locaweb Servicos de Internet S.A.		2,882
	3,755		Lotte Data Communication Co		127
	26,283		Magic Software Enterprises Ltd		408
	101,664	*	Manhattan Associates, Inc		11,933
	2,480,129		Mastercard, Inc (Class A)		883,050
	36,636		Matrix IT Ltd		879
	44,728		MAXIMUS, Inc		3,983
	55,118		McAfee Corp		1,253
	80,992	*,e	Medallia, Inc		2,259

157

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	1,849,706	*	Megaport Ltd	$	15,628
	852,989		Micro Focus International plc		6,516
	17,574,983		Microsoft Corp		4,143,654
	7,915	*,e	MicroStrategy, Inc (Class A)		5,373
	55,425	*	Mimecast Ltd		2,229
	86,085		MindTree Ltd		2,458
	361,000	*,e	Ming Yuan Cloud Group Holdings Ltd		1,668
	20,100	e	Miroku Jyoho Service Co Ltd		375
	142,549	*	Mitek Systems, Inc		2,078
	20,267		Mitsubishi Research Institute, Inc		756
	134,864	*	Model N, Inc		4,751
	37,188	*	Money Forward, Inc		1,411
	93,902	*,e	MoneyGram International, Inc		617
	93,623	*	MongoDB, Inc		25,038
	78,284		Mphasis Ltd		1,904
	1,851,700		My EG Services BHD		883
	7,084	*	Nagarro SE		778
	852,000	*,†,e	National Agricultural Holdings Ltd		1
	296,533		NCC Group plc		1,055
	796,302	*	nCino, Inc		53,129
	2,400,105	*,e	nearmap Ltd		3,705
	110,281		NEC Corp		6,512
	68,143		NEC Networks & System Integration Corp		1,202
	49,926		Nemetschek AG.		3,187
	88,106		NET One Systems Co Ltd		2,823
	54,370	e,g	Netcompany Group A.S.		5,179
	483,410	g	Network International Holdings plc		2,752
	69,128	*	New Relic, Inc		4,250
	368,849	*,g	Nexi S.p.A		6,435
	5,703,219	*	NEXTDC Ltd		45,424
	10,305	*	NHN KCP Corp		457
	160,023		NIC, Inc		5,430
	53,048	*	Nice Systems Ltd		11,533
	105,438		Nihon Unisys Ltd		3,261
	72,200		Nippon System Development Co Ltd		1,205
	1,500,000	*	Nitro Software Ltd		2,791
	226,290		Nomura Research Institute Ltd		7,030
	488,051		NortonLifelock, Inc		10,376
	32,092		NS Solutions Corp		1,020
	291,545		NTT Data Corp		4,522
	695,603	*,e	Nuance Communications, Inc		30,356
	445,771	*	Nutanix, Inc		11,840
	119,880	*	Nuvei Corp		7,253
	19,700		OBIC Business Consultants Ltd		1,036
	32,710		Obic Co Ltd		6,002
	181,035	*	Okta, Inc		39,906
	5,995	*	ON24, Inc		291
	3,651		One Software Technologies Ltd		476
	26,659	*	OneSpan, Inc		653
	190,230		Open Text Corp		9,076
	248,676		Open Text Corp (Toronto)		11,857
	15,300	*	Optim Corp		413
	1,988,225		Oracle Corp		139,514
	4,742	*	Oracle Corp Japan		464
	7,438		Oro Co Ltd		257
	4,860		Otsuka Corp		228

158

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	114,431	*,e	Pagerduty, Inc	$	4,604
	233,804	*	Pagseguro Digital Ltd		10,825
	82,660	*	Palo Alto Networks, Inc		26,621
	10,191	*,e	Park City Group, Inc		62
	493,315		Paychex, Inc		48,355
	77,183	*	Paycom Software, Inc		28,562
	83,362	*,e	Paylocity Holding Corp		14,991
	3,494,465	*	PayPal Holdings, Inc		848,596
	23,717	*,e	Paysign Inc		104
	101,293		Pegasystems, Inc		11,582
	24,861	*	Perficient, Inc		1,460
	34,039		Persistent Systems Ltd		898
	349,444		Perspecta, Inc		10,151
	76,302	*	Pexip Holding ASA		856
	10,684	*,e	PFSweb, Inc		72
	27,723	*,e	Ping Identity Holding Corp		608
	15,400	*	PKSHA Technology, Inc		419
	193,012	*	Pluralsight, Inc		4,312
	40,342		Posco ICT Co Ltd		263
	6,112	*,e	Priority Technology Holdings Inc		42
	284,639		Progress Software Corp		12,541
	577,322	*	Proofpoint, Inc		72,621
	30,677	*	PROS Holdings, Inc		1,304
	97,683	*	PTC, Inc		13,446
	960,024	*,e	Pushpay Holdings Ltd		1,397
	38,061	*	Q2 Holdings, Inc		3,814
	9,286		QAD, Inc (Class A)		618
	142,430	*	Qualtrics International, Inc		4,687
	25,383	*	Qualys, Inc		2,660
	31,087	*,e	Rackspace Technology, Inc		739
	73,800		Rakus Co Ltd		1,432
	58,793	*	Rapid7, Inc		4,387
	184,340	*	RealPage, Inc		16,074
	148,683	*	Repay Holdings Corp		3,491
	20,893		Reply S.p.A		2,644
	17,110	*	Rimini Street, Inc		153
	122,823	*	RingCentral, Inc		36,587
	15,821		Rsupport Co Ltd		114
	46,956	e	S&T AG.		1,168
	441,505	*,e	Sabre Corp		6,539
	954,195		Sage Group plc		8,061
	198,225	*	SailPoint Technologies Holding, Inc		10,038
	25,189		Saipens International Corp NV		794
	3,910,369	*	salesforce.com, Inc		828,490
	13,292		Samsung SDS Co Ltd		2,282
	21,725		Sangfor Technologies, Inc		822
	13,300	*	Sansan, Inc		1,148
	923,367		SAP AG.		113,257
	36,242		Sapiens International Corp NV		1,152
	73,721	*,e	Seachange International, Inc		114
	14,182	*,e	SecureWorks Corp		190
	5,200	*	Serverworks Co Ltd		205
	723,579	*	ServiceNow, Inc		361,869
	132,854	*,e	ServiceSource International LLC		195
	987,854	*	Sezzle, Inc (ADR)		5,587
	21,146		Shanghai Baosight Software Co Ltd		189

159

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	322,972	*	SHIFT, Inc	$	38,415
	133,404	*	Shopify, Inc (Class A) (Toronto)		147,282
	5,747	*,e	ShotSpotter, Inc		202
	929,741		Silverlake Axis Ltd		169
	41,606		SimCorp AS		5,151
	36,058	*,g	Sinch AB		6,338
	913,614	*	Slack Technologies, Inc		37,120
	135,562	*	Smartsheet, Inc		8,665
	252,068	*	Smith Micro Software, Inc		1,388
	10,100	e	Softbank Technology Corp		294
	123,888		Softcat plc		3,096
	54,111		Software AG.		2,280
	31,828	*	SolarWinds Corp		555
	80,188	*,e	Solutions 30 SE		1,019
	43,556		Sonata Software Ltd		304
	352,187		Sonda S.A.		226
	28,240		Sopra Group S.A.		4,719
	91,662		Sourcenext Corp		303
	142,020	*	Splunk, Inc		19,241
	87,628	*	Sprout Social, Inc		5,061
	155,839	*	SPS Commerce, Inc		15,476
	576,607	*	Square, Inc		130,919
	309,852		SS&C Technologies Holdings, Inc		21,649
	35,613	*,e	StarTek, Inc		283
	749,964	*	StoneCo Ltd		45,913
	61,500		Sumisho Computer Systems Corp		3,655
	10,986	*,e	Sumo Logic, Inc		207
	789,224		SUNeVision Holdings Ltd		818
	20,228	*,†	Suvidhaa Infoserve Pvt Ltd		29
	633,490	*	SVMK, Inc		11,606
	139,148		Switch, Inc		2,263
	60,010	*	Sykes Enterprises, Inc		2,645
	74,377	*,e	Synchronoss Technologies, Inc		266
	932,419	*	Synopsys, Inc		231,035
	69,228		Systena Corp		1,389
	341,851		Systex Corp		1,052
	67,791		Tanla Platforms Ltd		754
	840,767		Tata Consultancy Services Ltd		36,634
	56,261		Tata Elxsi Ltd		2,077
	344,059	*,g	TeamViewer AG.		14,714
	242,311		Tech Mahindra Ltd		3,295
	95,700	e	TechMatrix Corp		1,710
	239,313		Technology One Ltd		1,706
	87,114	*,e	Telos Corp		3,303
	51,650		Temenos Group AG.		7,452
	299,253	*	Tenable Holdings, Inc		10,828
	129,429	*	Teradata Corp		4,988
	6,800	*,e	TerraSky Co Ltd		207
	21,461		Thunder Software Technology Co Ltd		401
	103,611	e	Tietoenator Oyj		3,211
	12,300		TIS, Inc		294
	27,140		TKC		865
	398,552		Totvus S.A.		2,048
	64,574	*	Trade Desk, Inc		42,080
	35,461	*	Trans Cosmos, Inc/Japan		959
	410,219		Travelsky Technology Ltd		962

160

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	80,852	*	Trend Micro, Inc	$	4,059
	583,840	*,g	Trustpilot Group plc		2,133
	23,999		TTEC Holdings, Inc		2,411
	6,864	*,e	Tucows, Inc		532
	302,489	*	Twilio, Inc		103,076
	63,079	*	Tyler Technologies, Inc		26,779
	181,874	*	Tyro Payments Ltd		457
	255,093	*	Unifiedpost Group S.A.		5,540
	92,668	*	Unisys Corp		2,356
	11,982	*,e	UNITED, Inc		151
	43,812	*,e	Unity Software, Inc		4,395
	37,560	*	Upland Software, Inc		1,772
	366,930		Vakrangee Ltd		282
	75,818	*	Varonis Systems, Inc		3,892
	136,710	*	Verint Systems, Inc		6,219
	342,438	*	VeriSign, Inc		68,063
	122,650	*,e	Veritone, Inc		2,941
	136,813	*	Verra Mobility Corp		1,852
	7,049	*	Viant Technology, Inc		373
	68,873	e	VirnetX Holding Corp		384
	3,935,884		Visa, Inc (Class A)		833,345
	69,852	*,e	VMware, Inc (Class A)		10,509
	148,314		Wangsu Science & Technology Co Ltd		146
	1,397,000	*,e,g	Weimob, Inc		3,158
	573,551		Western Union Co		14,144
	62,148	*,e	WEX, Inc		13,003
	461,246		Wipro Ltd		2,618
	348,029		Wisetech Global Ltd		7,744
	57,927	*	Wix.com Ltd		16,174
	155,582	*	Workday, Inc		38,651
	75,507	*	Workiva, Inc		6,664
	181,242	*,g	Worldline S.A.		15,173
	102,880	*	Xero Ltd		9,957
	301,356		Xperi Holding Corp		6,561
	74,109	*,e	Yext, Inc		1,073
	4,000,887		Yonyou Network Technology Co Ltd		21,909
	423,312	*	Zendesk, Inc		56,140
	50,232		Zensar Technologies Ltd		188
	47,411	*	Zix Corp		358
	273,014	*	Zoom Video Communications, Inc		87,717
	122,750	*	Zscaler, Inc		21,072
	15,700		Zuken, Inc		402
	663,644	*	Zuora Inc		9,822
			TOTAL SOFTWARE & SERVICES		14,056,236
TECHNOLOGY HARDWARE & EQUIPMENT - 5.9%
	188,765	*,e	3D Systems Corp		5,180
	5,908	*	908 Devices, Inc		287
	15,540,944	e	AAC Technologies Holdings, Inc		79,114
	33,218		Accelink Technologies Co Ltd		113
	430,402		Accton Technology Corp		4,184
	23,313	*	ACE Technologies Corp		423
	1,110,532		Acer, Inc		1,229
	69,311		Addsino Co Ltd		196
	59,000		Adlink Technology, Inc		133
	80,842		Adtran, Inc		1,348

161

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	132,098	*	ADVA AG. Optical Networking	$	1,568
	35,000		Advanced Ceramic X Corp		703
	151,331		Advantech Co Ltd		1,888
	36,206		Ai Holdings Corp		720
	24,650	*,e	Akoustis Technologies, Inc		329
	166,000		Alpha Networks, Inc		218
	441,100		Alps Electric Co Ltd		5,850
	6,535		ALSO Holding AG.		1,879
	54,150		Amano Corp		1,317
	545,020		Amphenol Corp (Class A)		35,955
	539,793	e	Anritsu Corp		11,815
	110,000		Apex International Co Ltd		257
	33,269,303		Apple, Inc		4,063,845
	28,293	*,e	Applied Optoelectronics, Inc		237
	105,409		Arcadyan Technology Corp		430
	88,803	*	Arista Networks, Inc		26,809
	479,160	*	Arlo Technologies, Inc		3,009
	99,828	*	Arrow Electronics, Inc		11,063
	169,000		Asia Optical Co, Inc		531
	216,000		Asia Vital Components Co Ltd		520
	31,000		ASROCK, Inc		175
	280,026		Asustek Computer, Inc		3,674
	59,000		Aten International Co Ltd		183
	3,332,534	*	AU Optronics Corp		2,486
	25,030		Audiocodes Ltd		677
	50,000		AURAS Technology Co Ltd		387
	27,598		Aurora Corp		90
	22,762	e	Austria Technologie & Systemtechnik AG.		816
	50,520		AVIC Jonhon Optronic Technology Co Ltd		522
	129,807	*	Avid Technology, Inc		2,740
	166,083	e	Avnet, Inc		6,894
	55,000		Azbil Corp		2,371
	33,636		Badger Meter, Inc		3,131
	68,710	e	Barco NV		1,612
	4,178		Basler AG.		481
	27,143	*	Beijing BDStar Navigation Co Ltd		179
	15,946		Bel Fuse, Inc (Class B)		317
	68,506		Belden CDT, Inc		3,040
	56,934		Benchmark Electronics, Inc		1,760
	1,603,798		Benq Corp		1,934
	17,634		BH Co Ltd		281
	796,737		BOE Technology Group Co Ltd		765
	24,730		Brother Industries Ltd		549
	264,939	e	BYD Electronic International Co Ltd		1,562
	97,131	*	CalAmp Corp		1,054
	373,762	*	Calix, Inc		12,955
	74,785	*	Cambium Networks Corp		3,494
	11,500	*	Canon Electronics, Inc		179
	44,890		Canon Marketing Japan, Inc		999
	46,159		Canon, Inc		1,049
	312,996		Career Technology Co Ltd		402
	40,086	g	Carel Industries S.p.A		816
	140,224	*	Casa Systems, Inc		1,336
	267,947		Catcher Technology Co Ltd		1,991
	225,798		CDW Corp		37,426
	253,903	*	Celestica, Inc		2,121

162

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	93,045		Chaozhou Three-Circle Group Co Ltd	$	597
	22,000		Chaun-Choung Technology Corp		165
	624,481		Cheng Uei Precision Industry Co Ltd		1,056
	233,021		Chicony Electronics Co Ltd		832
	166,179		Chilisin Electronics Corp		633
	489,600	*,†	China Fiber Optic Network System Group Ltd		1
	132,357		China Greatwall Technology Group Co Ltd		301
	269,000		Chin-Poon Industrial Co		312
	271,840		Chroma ATE, Inc		1,811
	15,000		Chunghwa Precision Test Tech Co Ltd		480
	1,365,642	*	Ciena Corp		74,728
	16,089,869		Cisco Systems, Inc		832,007
	300,100		Citizen Watch Co Ltd		1,028
	7,617	*,e	Clearfield, Inc		229
	286,393		Clevo Co		310
	755,743		CMC Magnetics Corp		269
	106,550		Codan Ltd		1,253
	482,281		Cognex Corp		40,024
	25,121	*	Coherent, Inc		6,353
	1,684,312	e	Comba Telecom Systems Holdings Ltd		435
	7,085		Comet Holding AG.		1,626
	3,253,875	*	CommScope Holding Co, Inc		49,980
	1,620,524		Compal Electronics, Inc		1,522
	786,000		Compeq Manufacturing Co		1,187
	43,428		Comtech Telecommunications Corp		1,079
	62,249		Concraft Holding Co Ltd		172
	4,200		CONEXIO Corp		53
	293,600		Coretronic Corp		588
	599,661		Corning, Inc		26,091
	54,676	*,e	Corsair Gaming, Inc		1,820
	342,000		Cowell e Holdings, Inc		208
	49,909		CTS Corp		1,550
	45,086		Daea TI Co Ltd		207
	25,900		Daeduck Electronics Co Ltd		323
	8,056		Daejoo Electronic Materials Co Ltd		298
	145,823		Daiwabo Co Ltd		2,221
	59,636	*	Daktronics, Inc		374
	141,421		Darfon Electronics Corp		236
	16,600	e	Datalogic S.p.A.		339
	198,220	*,h	DataTec Ltd		349
	171,135	*	Dell Technologies, Inc		15,086
	118,357		Delta Electronics Thai PCL		1,098
	7,574,573		Delta Electronics, Inc		77,250
	10,199		Denki Kogyo Co Ltd		251
	56,401		Dexerials Corp		967
	54,770		Dicker Data Ltd		424
	151,113	*	Diebold, Inc		2,135
	46,416	*	Digi International, Inc		881
	54,796		Dolby Laboratories, Inc (Class A)		5,409
	14,630		Dreamtech Co Ltd		123
	17,239	*	DZS, Inc		268
	243,100		Eastern Communications Co Ltd		112
	19,304	*,e	Eastman Kodak Co		152
	71,545	*	Ebang International Holdings, Inc		569
	65,628	*	EchoStar Corp (Class A)		1,575
	44,000		Egis Technology, Inc		268

163

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	13,824		Eizo Nanao Corp	$	523
	43,896		Elecom Co Ltd		976
	19,400		Elematec Corp		179
	212,270		Elite Material Co Ltd		1,265
	45,704		Ennoconn Corp		391
	10,200	e	Enplas Corp		382
	25,113	*	ePlus, Inc		2,502
	58,161,000	*	Erajaya Swasembada Tbk PT		2,026
	2,867,625		Ericsson (LM) (B Shares)		38,011
	18,601		ESPEC Corp		311
	27,801		Evertz Technologies Ltd		322
	548,517	*	Extreme Networks, Inc		4,800
	49,144	*	F5 Networks, Inc		10,252
	125,411	*	Fabrinet		11,336
	41,906	*	FARO Technologies, Inc		3,628
	149,346	*	Feelux Co Ltd		458
	82,248		Fiberhome Telecommunication Technologies Co Ltd		232
	2,606,000	*,e	FIH Mobile Ltd		369
	299,793	*	Fingerprint Cards AB		1,000
	191,633		Firich Enterprises Co Ltd		204
	248,392		FLEXium Interconnect, Inc		1,098
	184,186		FLIR Systems, Inc		10,401
	82,310		Flytech Technology Co Ltd		194
	26,429,457		Foxconn Industrial Internet Co Ltd		58,140
	1,279,193		Foxconn Technology Co Ltd		3,284
	686,363		Fujifilm Holdings Corp		40,831
	33,903	*	Genasys, Inc		227
	180,000		General Interface Solution Holding Ltd		795
	59,378		Genius Electronic Optical Co Ltd		1,014
	288,271		Getac Technology Corp		593
	385,123		Gigabyte Technology Co Ltd		1,354
	34,558		Gilat Satellite Networks Ltd		361
	75,322		GoerTek, Inc		314
	271,000	*	Gold Circuit Electronics Ltd		538
	123,536		GRG Banking Equipment Co Ltd		216
	143,997		Guangzhou Haige Communications Group, Inc Co		223
	32,918		Guangzhou Shiyuan Electronic Technology Co Ltd		655
	811,046		Halma plc		26,535
	35,084		Hamamatsu Photonics KK		2,079
	430,700		Hana Microelectronics PCL (Foreign)		764
	237,365		Hannstar Board Corp		413
	1,963,330	*	HannStar Display Corp		1,067
	141,481	*	Harmonic, Inc		1,109
	77,373		Hengtong Optic-electric Co Ltd		145
	859,814		Hewlett Packard Enterprise Co		13,533
	143,204		Hexagon AB (B Shares)		13,219
	6,997	*	HFR, Inc		150
	521,000	*	High Tech Computer Corp		565
	10,200		Hioki EE Corp		396
	1,544		Hirose Electric Co Ltd		238
	1,523,660	*	Hitachi Ltd		69,065
	29,210		HMS Networks AB		923
	13,239		Hochiki Corp		164
	100,470		Holystone Enterprise Co Ltd		461
	4,904,640		Hon Hai Precision Industry Co, Ltd		21,515
	35,699		Horiba Ltd		2,259

164

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	87,200		Hosiden Corp	$	913
	856,165		HP, Inc		27,183
	51,800		Huagong Tech Co Ltd		165
	2,506,800		Ibiden Co Ltd		115,819
	9,100		Icom, Inc		227
	88,756		IEI Integration Corp		180
	165,032	*	II-VI, Inc		11,283
	17,540		Iljin Materials Co Ltd		1,061
	188,283	*	Immersion Corp		1,804
	5,368,270		Inari Amertron BHD		4,256
	1,710		Inficon Holding AG.		1,798
	178,617	*,e	Infinera Corp		1,720
	49,200		Innodisk Corp		294
	3,174,321		InnoLux Display Corp		2,369
	52,926	*,e	Inseego Corp		529
	83,163	*,e	Insight Enterprises, Inc		7,935
	33,500		Inspur Electronic Information Industry Co Ltd		141
	86,424	*,e	Intellicheck, Inc		724
	34,701	*	Intevac, Inc		248
	970,172		Inventec Co Ltd		920
	11,533		I-PEX, Inc		211
	28,693	*	IPG Photonics Corp		6,053
	20,900		Iriso Electronics Co Ltd		936
	163,820		ITEQ Corp		786
	134,909	*	Iteris, Inc		832
	32,839	*	Itron, Inc		2,911
	26,699		Ituran Location and Control Ltd		567
	194,199		Jabil Inc		10,129
	42,442		Japan Aviation Electronics Industry Ltd		691
	2,421,694	*	Japan Display, Inc		1,051
	317,700		Jaymart PCL		436
	51,279		Jenoptik AG.		1,541
	263,450		Juniper Networks, Inc		6,673
	17,800		Kaga Electronics Co Ltd		400
	647,500		KCE Electronics PCL		1,164
	405,938		Keyence Corp		185,009
	227,444	*	Keysight Technologies, Inc		32,615
	60,679	*	Kimball Electronics, Inc		1,566
	39,000		King Slide Works Co Ltd		451
	277,705		Kingboard Chemical Holdings Ltd		1,503
	1,041,246		Kingboard Laminates Holdings Ltd		2,267
	18,279	*,e	KMW Co Ltd		1,049
	454,691	*	Knowles Corp		9,512
	29,400		Koa Corp		417
	461,900	e	Konica Minolta Holdings, Inc		2,516
	21,670	*	KVH Industries, Inc		275
	14,793		Kyocera Corp		941
	13,000		L&F Co Ltd		908
	22,813		Landis&Gyr Group AG.		1,535
	40,625		Largan Precision Co Ltd		4,595
	510		LEM Holding S.A.		985
	2,844,399		Lenovo Group Ltd		4,060
	261,423		Lens Technology Co Ltd		1,049
	129,661		Leyard Optoelectronic Co Ltd		143
	94,281	*	LG Display Co Ltd		1,910
	5,338		LG Innotek Co Ltd		976

165

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	347,684		Lingyi iTech Guangdong Co	$	436
	852,277		Lite-On Technology Corp		1,890
	33,087		Littelfuse, Inc		8,750
	185,556		Logitech International S.A.		19,460
	54,995		Lotes Co Ltd		967
	25,136		LPKF Laser & Electronics AG.		703
	106,653	*	Lumentum Holdings, Inc		9,743
	20,475	*	Luna Innovations, Inc		216
	371,124		Luxshare Precision Industry Co Ltd		1,928
	50,507		Macnica Fuji Electronics Holdings, Inc		1,012
	8,300		Maruwa Co Ltd		854
	59,600	*	Maxell Holdings Ltd		755
	7,158		Maxscend Microelectronics Co Ltd		669
	63,991		Mcj Co Ltd		558
	9,428		Mcnex Co Ltd		465
	15,700		Meiko Electronics Co		382
	5,165		Melco Holdings, Inc		181
	559,076		Merry Electronics Co Ltd		2,619
	50,735		Methode Electronics, Inc		2,130
	198,000	*,†,e	MH Development Ltd		0	^
	75,730	e	Micronic AB		1,779
	258,200		Micro-Star International Co Ltd		1,586
	636,893		Mitac Holdings Corp		647
	288,105		Motorola Solutions, Inc		54,178
	30,880	*	MTS Systems Corp		1,797
	419,627		Murata Manufacturing Co Ltd		33,778
	95,000		Nan Ya Printed Circuit Board Corp		1,188
	10,062	*,e	Napco Security Technologies, Inc		350
	258,663	e	National Instruments Corp		11,170
	177,395	*,e	NCR Corp		6,732
	36,611		Neopost S.A.		879
	174,490		NetApp, Inc		12,680
	45,257	*	Netgear, Inc		1,860
	110,064	*	Netscout Systems, Inc		3,099
	73,412	*	Newmax Technology Co Ltd		147
	52,750	e	Nichicon Corp		537
	66,815		Ninestar Corp		254
	21,000		Nippon Ceramic Co Ltd		507
	249,876		Nippon Electric Glass Co Ltd		5,808
	46,256		Nippon Signal Co Ltd		411
	42,960		Nissha Printing Co Ltd		534
	66,180	*	nLight, Inc		2,144
	19,372		Nohmi Bosai Ltd		377
	1	*	Nokia Corp (ADR)		0	^
	4,762,640	*	Nokia Oyj (Turquoise)		19,020
	43,321	*	Novanta, Inc		5,714
	1,629,510		OFILM Group Co Ltd		2,166
	76,736	*	Oki Electric Industry Co Ltd		799
	122,268		Omron Corp		9,578
	30,679		Optex Co Ltd		458
	6,073		OptoElectronics Solutions Co Ltd		250
	73,437	*	OSI Systems, Inc		7,057
	301,224		Pan-International Industrial		475
	13,896	*,e	PAR Technology Corp		909
	28,799		Partron Co Ltd		274
	577,256		PAX Global Technology Ltd		625

166

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	16,842		PC Connection, Inc	$	781
	36,027		PCTEL, Inc		250
	765,915		Pegatron Technology Corp		1,998
	44,406	*	Plantronics, Inc		1,728
	48,620	*	Plexus Corp		4,465
	40,399	*	Powerfleet, Inc		332
	294,414		Primax Electronics Ltd		660
	2,066,000		Prime View International Co Ltd		4,011
	371,066	*	Pure Storage, Inc		7,993
	1,134,390		Quanta Computer, Inc		3,913
	143,000		Quanta Storage, Inc		214
	94,600	*	Quantum Corp		788
	40,487	*	Radware Ltd		1,056
	200,535	*	Redington India Ltd		524
	37,629		Renishaw plc		3,322
	20,725	*,e	Research Frontiers, Inc		59
	195,275	*,e	Resonant, Inc		828
	22,047		Restar Holdings Corp		407
	181,374	*	Ribbon Communications, Inc		1,489
	590,185	e	Ricoh Co Ltd		6,016
	14,726		Riken Keiki Co Ltd		367
	27,098		Riso Kagaku Corp		361
	728,881	*	Ritek Corp		269
	49,710	*	Rogers Corp		9,356
	13,433		Ryosan Co Ltd		275
	16,500	e	Ryoyo Electro Corp		399
	6,629		SAES Getters S.p.A.		163
	201,818		Samsung Electro-Mechanics Co Ltd		33,687
	6,108,727		Samsung Electronics Co Ltd		441,934
	322,992		Samsung Electronics Co Ltd (Preference)		20,920
	34,753		Samsung SDI Co Ltd		20,436
	5,875		Samwha Capacitor Co Ltd		357
	6,506		Sang-A Frontec Co Ltd		305
	213,002	*	Sanmina Corp		8,814
	11,000		Sanshin Electronics Co Ltd		200
	38,186	*	Scansource, Inc		1,144
	5,575	e	Seagate Technology, Inc		428
	83,760	e	Seiko Epson Corp		1,367
	8,332	*,g	Sensirion Holding AG.		558
	17,000		Sensortek Technology Corp		448
	9,664	*	Seojin System Co Ltd		399
	171,419		Sercomm Corp		446
	23,020	*	Sesa S.p.A		2,812
	133,084		Shengyi Technology Co Ltd		463
	22,205		Shennan Circuits Co Ltd		300
	70,621		Shenzhen Kaifa Technology Co Ltd		207
	65,202		Shenzhen Sunway Communication Co Ltd		284
	97,517		Shimadzu Corp		3,536
	27,800	e	Shinko Shoji Co Ltd		201
	38,299	*,e	Sierra Wireless, Inc		563
	31,300		Siix Corp		463
	503,907		Simplo Technology Co Ltd		6,586
	432,423		Sinbon Electronics Co Ltd		4,019
	568,242		SKP Resources BHD		304
	148,686	*	S-MAC Co Ltd/Korea		193
	1,083,126		Softwareone Holding AG.		27,878

167

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	33,810	*	Solid, Inc	$	271
	9,149		Solus Advanced Materials Co Ltd		384
	118,310		Spectris plc		5,427
	71,000		Speed Tech Corp		225
	1,036,713		Spirent Communications plc		3,408
	111,552		Sterlite Technologies Ltd		298
	562,988	*	Stratasys Ltd		14,581
	210,085		Strix Group plc		781
	278,949		Sunny Optical Technology Group Co Ltd		6,409
	54,000		Sunrex Technology Corp		126
	55,604	*	Super Micro Computer, Inc		2,172
	270,985		Supreme Electronics Co Ltd		407
	88,541		Suzhou Dongshan Precision Manufacturing Co Ltd		249
	75,250		Syncmold Enterprise Corp		231
	82,831		Synnex Corp		9,512
	557,621		Synnex Technology International Corp		1,069
	16,100		Tachibana Eletech Co Ltd		235
	178,000		Taiwan Union Technology Corp		749
	120,540		Taiyo Yuden Co Ltd		5,693
	78,500		Tamura Corp		364
	56,279		TDK Corp		7,834
	1,750,622		TE Connectivity Ltd		226,023
	214,110	*	Telcon RF Pharmaceutical Inc		953
	120,495		Test Research, Inc		250
	53,000		Thinking Electronic Industrial Co Ltd		360
	31,004		Tianjin 712 Communication & Broadcasting Co Ltd		162
	80,630		Tianma Microelectronics Co Ltd		173
	73,284	*	Tobii AB		523
	116,220		Tong Hsing Electronic Industries Ltd		842
	3,240,000		Tongda Group Holdings Ltd		226
	103,056		Topcon Corp		1,254
	25,985	*	Toshiba TEC Corp		954
	240,000	*	TPK Holding Co Ltd		423
	145,000		Transcend Information, Inc		332
	269,623	*	Trimble Inc		20,974
	1,064,574		Tripod Technology Corp		5,267
	158,500	*	TTM Technologies, Inc		2,298
	226,039		TXC Corp		817
	12,933		Ubiquiti, Inc		3,858
	28,571		Ubiquoss Holdings, Inc		553
	488,011		Unimicron Technology Corp		1,578
	204,411		Unisplendour Corp Ltd		621
	411,500		Unitech Printed Circuit Board Corp		317
	102,498		Universal Scientific Industrial Shanghai Co Ltd		304
	9,505		V Technology Co Ltd		470
	124,200		Venture Corp Ltd		1,855
	81,225	*	Viasat, Inc		3,904
	404,815	*	Viavi Solutions, Inc		6,356
	211,057		Vishay Intertechnology, Inc		5,082
	81,282	*	Vishay Precision Group, Inc		2,504
	64,871	*	Visionox Technology, Inc		94
	2,448,225	*	Vontier Corp		74,108
	1,122,514		VS Industry BHD		774
	1,473,042		VST Holdings Ltd		1,344
	166,485		Vtech Holdings Ltd		1,500
	143,200		Wacom Co Ltd		965

168

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	120,136		Wah Lee Industrial Corp	$	346
	121,841		Walsin Technology Corp		1,075
	400,000		Wasion Group Holdings Ltd		124
	358,772		Western Digital Corp		23,948
	70,284		Wingtech Technology Co Ltd		1,058
	190,500	*,†,b	Wintek Corp		0	^
	15,619		WiSoL Co Ltd		179
	1,101,323		Wistron Corp		1,299
	230,372		Wistron NeWeb Corp		604
	66,049		Wiwynn Corp		1,958
	588,519		WPG Holdings Co Ltd		1,009
	13,333	*,e	Wrap Technologies Inc		74
	262,783		WT Microelectronics Co Ltd		435
	82,654		Wuhan Guide Infrared Co Ltd		453
	162,174		Wuhu Token Science Co Ltd		185
	110,948		WUS Printed Circuit Kunshan Co Ltd		284
	20,121		Wuxi Lead Intelligent Equipment Co Ltd		244
	117,088		Xerox Holdings Corp		2,842
	5,585,800	*,g	Xiaomi Corp		18,657
	15,750	*,†	Ya Hsin Industrial Co Ltd		0
	146,979		Yageo Corp		2,877
	37,647		Yealink Network Technology Corp Ltd		393
	10,519		Yokogawa Electric Corp		194
	13,284		Yokowo Co Ltd		327
	82,246	*	Zebra Technologies Corp (Class A)		39,904
	18,127	*,e	Zepp Health Corp (ADR)		195
	185,218		Zhejiang Dahua Technology Co Ltd		700
	251,558		Zhen Ding Technology Holding Ltd		1,068
	33,123		Zhongji Innolight Co Ltd		179
	229,003		ZTE Corp		1,031
	319,199	e	ZTE Corp (Class H)		816
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		7,749,112
TELECOMMUNICATION SERVICES - 1.4%
	477,871		Advanced Info Service PCL (Foreign)		2,658
	721,520	g	Airtel Africa plc		789
	92,771		Alaska Communications Systems Group, Inc		302
	29,641,532		America Movil S.A. de C.V. (Series L)		20,245
	36,657	*	Anterix, Inc		1,729
	22,200		ARTERIA Networks Corp		330
	1,396,929	*	Asia Pacific Telecom Co Ltd		468
	12,810,429		AT&T, Inc		387,772
	17,818		ATN International, Inc		875
	1,124,106		Axiata Group Bhd		990
	662,920	*,e	Axtel SAB de C.V.		179
	56,318	*,e	Bandwidth Inc		7,138
	147,582		BCE, Inc		6,662
	2,130,466	*	Bezeq Israeli Telecommunication Corp Ltd		2,281
	3,102,065		Bharti Airtel Ltd		22,004
	147,381	*	Boingo Wireless, Inc		2,074
	7,548,455	*	BT Group plc		16,103
	92,981	*	Cellcom Israel Ltd		348
	723,354	e,g	Cellnex Telecom SAU		41,700
	18,000		Chief Telecom, Inc		200
	17,537,912	g	China Tower Corp Ltd		2,604
	447,112		Chorus Ltd		2,212

169

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	1,515,653		Chunghwa Telecom Co Ltd	$	5,930
	66,222	*	Cincinnati Bell, Inc		1,017
	3,347,641		Citic 1616 Holdings Ltd		1,186
	30,947		Cogent Communications Group, Inc		2,128
	123,890	*	Consolidated Communications Holdings, Inc		892
	3,322,275		Deutsche Telekom AG.		66,955
	1,160,344		Digi.Com BHD		1,019
	119,196		Elisa Oyj (Series A)		7,150
	679,459		Emirates Telecommunications Group Co PJSC		4,003
	340,675		Empresa Nacional de Telecomunicaciones S.A.		2,139
	147,466	*	Etihad Etisalat Co		1,163
	102,628	g	Euskaltel S.A.		1,336
	625,282		Far EasTone Telecommunications Co Ltd		1,405
	132,286		Freenet AG.		3,169
	13,192		Globe Telecom, Inc		512
	40,352	*,e	Gogo, Inc		390
	91,827		Hellenic Telecommunications Organization S.A.		1,473
	685,120		HKBN Ltd		998
	3,196,739		HKT Trust and HKT Ltd		4,563
	1,665,607		Hutchison Telecommunications Hong Kong Holdings Ltd		318
	27,632	*	IDT Corp (Class B)		626
	12,355		Iliad S.A.		2,347
	2,630,228	*	Indosat Tbk PT		1,139
	289,224		Indus Towers Ltd		972
	284,107	g	Infrastrutture Wireless Italiane S.p.A		3,164
	51,624		Internet Initiative Japan, Inc		1,215
	1,891,060		Intouch Holdings PCL (Class F)		3,520
	143,802	*	Iridium Communications, Inc		5,932
	2,878,985		Jasmine International PCL		269
	1,014,287		KDDI Corp		31,251
	3,349,150		Koninklijke KPN NV		11,360
	222,725	*,†,e	Let’s GOWEX S.A.		3
	86,836		LG Telecom Ltd		942
	57,893	*	Liberty Global plc (Class A)		1,486
	1,035	*	Liberty Global plc (Class C)		26
	231,466	*	Liberty Latin America Ltd (Class A)		2,970
	395,593	*,e	Liberty Latin America Ltd (Class C)		5,135
	823,029		Link Net Tbk PT		182
	1,485,440	e	Lumen Technologies, Inc		19,831
	356,165	e	Magyar Telekom		469
	924,983		Maxis BHD		1,009
	102,834	e	Millicom International Cellular S.A.		3,957
	1,977,255		Mobile Telecommunications Co KSC		3,961
	377,397	*	Mobile Telecommunications Co Saudi Arabia		1,511
	178,993		Mobile TeleSystems (ADR)		1,493
	34,481		Mobistar S.A.		926
	1,491,183		MTN Group Ltd		8,758
	3,220,966		NetLink NBN Trust		2,264
	630,910		Nippon Telegraph & Telephone Corp		16,279
	517,855		NOS SGPS S.A.		1,885
	84,127	*	Ooma, Inc		1,333
	357,521		Ooredoo QSC		695
	1,865,583		Orange S. A.		22,958
	137,899	*	ORBCOMM, Inc		1,052
	146,778	*	Partner Communications		711

170

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	3,618,589		PCCW Ltd	$	2,044
	33,792		PLDT, Inc		855
	127,837		Proximus plc		2,781
	323,204		Rogers Communications, Inc (Class B)		14,904
	121,080		Rostelecom (ADR)		1,023
	7,783		Rostelecom (ADR) (OTC US)		66
	20,844,733		Sarana Menara Nusantara Tbk PT		1,579
	532,179		Saudi Telecom Co		18,005
	35,325		Shenandoah Telecom Co		1,724
	6,711,396		Singapore Telecommunications Ltd		12,195
	13,252		Sistema PJSFC		120
	206,441		Sistema PJSFC (London)		1,866
	15,811		SK Telecom Co Ltd		3,855
	46,612,700	*	Smartfren Telecom Tbk PT		247
	390,141		SmarTone Telecommunications Holding Ltd		228
	2,077,940	e	Softbank Corp		27,033
	1,231,048	*	Softbank Group Corp		104,809
	31,068	e	Spok Holdings, Inc		326
	694,514		StarHub Ltd		662
	21,907	e	Swisscom AG.		11,753
	668,506		Taiwan Mobile Co Ltd		2,301
	54,359		Tata Communications Ltd		792
	418,643		Tele2 AB (B Shares)		5,647
	95,313	e	Telecom Argentina S.A. (ADR) (Class B)		526
	829,970		Telecom Corp of New Zealand Ltd		2,600
	380,535		Telecom Egypt		269
	5,067,999		Telecom Italia RSP		2,914
	14,509,566		Telecom Italia S.p.A.		7,849
	461,285		Telefonica Brasil S.A.		3,625
	2,182,306		Telefonica Deutschland Holding AG.		6,402
	4,751,928		Telefonica S.A.		21,364
	220,311		Telekom Austria AG.		1,736
	431,984		Telekom Malaysia BHD		639
	263,539	*	Telekomunikacja Polska S.A.		439
	591,964		Telenor ASA		10,429
	139,135		Telephone & Data Systems, Inc		3,195
	949,200	*,e	Telesites SAB de C.V.		987
	2,075,518		TeliaSonera AB		8,999
	19,701,901		Telkom Indonesia Persero Tbk PT		4,650
	233,083		Telkom S.A. Ltd		668
	3,904,460		Telstra Corp Ltd		10,110
	387,251		TELUS Corp		7,713
	743,249		TIM S.A.		1,673
	253,127		Time dotCom BHD		873
	2,955,122	*	T-Mobile US, Inc		370,247
	294,855		Total Access Communication PCL (Foreign)		311
	15,025,136		Tower Bersama Infrastructure		2,143
	310,440		TPG Telecom Ltd		1,500
	5,071,762		True Corp PCL (Foreign)		553
	506,448		Turkcell Iletisim Hizmet AS		925
	90,900		United Internet AG.		3,649
	19,149	*	US Cellular Corp		699
	88,400	e	V-Cube, Inc		2,132
	5,651,940		Verizon Communications, Inc		328,660
	2,330,642	*,e	Vision, Inc		23,364
	568,714	*	Vocus Group Ltd		2,363

171

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	245,945		Vodacom Group Pty Ltd	$	2,103
	24,964,460		Vodafone Group plc		45,525
	52,800	e	Vodafone Group plc (ADR)		973
	12,886,689	*	Vodafone Idea Ltd		1,640
	1,353,422		Vodafone Qatar		611
	540,455	*	Vonage Holdings Corp		6,388
	2,987,562		XL Axiata Tbk PT		431
			TOTAL TELECOMMUNICATION SERVICES		1,895,732
TRANSPORTATION - 2.0%
	52,528	†,e	Abertis Infraestructuras S.A. (Continuous)		339
	202,997	*	Adani Ports & Special Economic Zone Ltd		1,955
	20,431	*	Aegean Airlines S.A.		126
	57,095	g	Aena S.A.		9,263
	163,818	*,g	Aeroflot PJSC (GDR)		776
	24,867		Aeroports de Paris		2,967
	995,694		Agility Public Warehousing Co KSC		2,395
	1,840,695	*	Air Arabia PJSC		633
	612,542	*	Air Canada		12,746
	145,529		Air China Ltd		201
	835,910		Air China Ltd (H shares)		726
	194,196	*,e	Air France-KLM		1,159
	525,640	*,e	Air New Zealand Ltd		629
	42,601	*	Air Transport Services Group, Inc		1,247
	1,057,200	*	AirAsia BHD		251
	1,969,200		Airports of Thailand PCL (ADR)		4,362
	1,611,788		Airports of Thailand PCL (Foreign)		3,570
	219,745	*	Alaska Air Group, Inc		15,209
	99,818	g	ALD S.A.		1,460
	104,275	*	All Nippon Airways Co Ltd		2,426
	19,513	*	Allegiant Travel Co		4,762
	12,528		Amerco, Inc		7,675
	877,991	*,e	American Airlines Group, Inc		20,984
	340,000		Anhui Expressway Co		235
	4,567		AP Moller - Maersk AS (Class A)		9,938
	5,185		AP Moller - Maersk AS (Class B)		12,037
	545,558		Aramex PJSC		584
	39,430		ArcBest Corp		2,775
	1,803,100	*	Asia Aviation PCL		163
	13,233	*	Asiana Airlines		178
	38,021	*	Atlas Air Worldwide Holdings, Inc		2,298
	999,099		Atlas Arteria Ltd		4,534
	173,831	e	Atlas Corp		2,373
	559,573	*	Auckland International Airport Ltd		3,072
	1,594,457		Aurizon Holdings Ltd		4,738
	63,487	*	Autostrada Torino-Milano S.p.A.		1,919
	419,034	*	Autostrade S.p.A.		7,842
	38,956	*	Avis Budget Group, Inc		2,826
	655,375	*	Azul S.A.		4,407
	501,700	*	Bangkok Airways Co Ltd		137
	155,800		Bangkok Aviation Fuel Services PCL		135
	6,183,962		Bangkok Expressway & Metro PCL		1,735
	910,810		Beijing Capital International Airport Co Ltd		710
	302,479		Beijing-Shanghai High Speed Railway Co Ltd		271
	148,300	*,e	BEST, Inc (ADR)		279
	3,681	*	Blue Dart Express Ltd		281

172

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	104,917		bpost S.A.	$	1,002
	6,150,937		BTS Group Holdings PCL		1,899
	776,403		Canadian National Railway Co		90,102
	122,663		Canadian Pacific Railway Ltd (Toronto)		46,851
	94,960	*,e	Cathay Pacific Airways Ltd		89
	130,040	*	Cebu Air, Inc		121
	207,089		Central Japan Railway Co		31,005
	184,968		CH Robinson Worldwide, Inc		17,651
	1,961,000	*	China Airlines		1,050
	195,400		China Eastern Airlines Corp Ltd		163
	640,667		China Merchants Holdings International Co Ltd		985
	676,447	*,e	China Southern Airlines Co Ltd		502
	198,959	*	China Southern Airlines Co Ltd (Class A)		209
	84,914	*,e	Chorus Aviation, Inc		307
	1,121,872		Cia de Concessoes Rodoviarias		2,575
	126,757		Cia de Distribucion Integral Logista Holdings SAU		2,515
	251,687		Cia de Locacao das Americas		1,108
	2,212,400		ComfortDelgro Corp Ltd		2,820
	10,416,117	*	Compania SudAmericana de Vapores S.A.		561
	112,364		Container Corp Of India Ltd		921
	503,675	*,e	Controladora Vuela Cia de Aviacion SAB de C.V.		718
	43,061	*	Copa Holdings S.A. (Class A)		3,479
	1,299,600	*,e	Cosco Corp Singapore Ltd		271
	481,120		Cosco International Holdings Ltd		168
	769,536		COSCO Pacific Ltd		562
	510,127	*	COSCO SHIPPING Holdings Co Ltd		1,060
	1,080,238	*	COSCO SHIPPING Holdings Co Ltd		1,398
	408,319		Costamare, Inc		3,928
	23,635	*	Covenant Transportation Group, Inc		487
	1,447,267		CSX Corp		139,545
	135,212		CTT-Correios de Portugal S.A.		534
	28,329		D/S Norden		656
	442,377		Daqin Railway Co Ltd		474
	31,771	*,e	Daseke, Inc		270
	1,471,626	*	Delta Air Lines, Inc		71,050
	250,273	*	Deutsche Lufthansa AG.		3,319
	952,688		Deutsche Post AG.		52,265
	35,631	*	Dfds A.S.		1,822
	453,571		DSV AS		88,965
	10,798	*,e	Eagle Bulk Shipping, Inc		390
	325,238		East Japan Railway Co		23,127
	188,327	*	easyJet plc		2,540
	92,100	*	Echo Global Logistics, Inc		2,893
	157,635	*	EcoRodovias Infraestrutura e Logistica S.A.		328
	272,722	g	Enav S.p.A		1,326
	12,081	e	Eneti, Inc		254
	1,741,000		Eva Airways Corp		960
	1,226,648		Evergreen International Storage & Transport Corp		795
	988,532	*	Evergreen Marine Corp Tawain Ltd		1,587
	18,064		Exchange Income Corp		578
	252,777		Expeditors International of Washington, Inc		27,222
	343,668		FedEx Corp		97,615
	613,736	*,e	Finnair Oyj		510
	1,272,229	*	Firstgroup plc		1,614
	20,790		Flughafen Zuerich AG.		3,421
	83,104		Forward Air Corp		7,380

173

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	37,938		Fraport AG. Frankfurt Airport Services Worldwide	$	2,305
	28,460		Fukuyama Transporting Co Ltd		1,175
	37,070		Genco Shipping & Trading Ltd		374
	368,838		Getlink S.E.		5,654
	1,700,596	*	GMR Infrastructure Ltd		567
	45,935		Go-Ahead Group plc		861
	120,379	*	Gol Linhas Aereas Inteligentes S.A.		460
	91,019	*	Golden Ocean Group Ltd		632
	262,716	*,e	Grupo Aeroportuario del Centro Norte Sab de C.V.		1,652
	317,349	*,e	Grupo Aeroportuario del Pacifico S.A. de C.V. (B Shares)		3,317
	169,053	*,e	Grupo Aeroportuario del Sureste S.A. de C.V. (Class B)		3,003
	49,902		Guangzhou Baiyun International Airport Co Ltd		102
	208,390		Gujarat Pipavav Port Ltd		277
	219,729		Gulf Warehousing Co		308
	103,000	*	Hainan Meilan International Airport Co Ltd		451
	17,000		Hamakyorex Co Ltd		500
	27,662		Hamburger Hafen und Logistik AG.		613
	5,872		Hanjin Transportation Co Ltd		224
	162,511		Hankyu Hanshin Holdings, Inc		5,214
	73,387	*	Hawaiian Holdings, Inc		1,957
	136,435		Heartland Express, Inc		2,671
	46,025		Hitachi Transport System Ltd		1,549
	5,827		Hopewell Highway Infrastructure Ltd		2
	203,836	*	Hub Group, Inc (Class A)		13,714
	5,591,751		Hutchison Port Holdings Trust		1,262
	26,212		Hyundai Glovis Co Ltd		4,367
	186,602	*	Hyundai Merchant Marine Co Ltd		4,805
	2,637	*	ID Logistics Group		705
	87,338		Iino Kaiun Kaisha Ltd		419
	129,079		Imperial Holdings Ltd		414
	38,635	*,g	InterGlobe Aviation Ltd		864
	926,369		International Container Term Services, Inc		2,316
	95,037	*	Japan Airlines Co Ltd		2,128
	46,453	*	Japan Airport Terminal Co Ltd		2,291
	1,728,400		Jasa Marga Tbk PT		481
	43,097		Jazeera Airways Co KSCP		103
	21,583		JB Hunt Transport Services, Inc		3,627
	10,300	*	Jeju Air Co Ltd		213
	164,561	*	JET2 plc		2,877
	433,854	*	JetBlue Airways Corp		8,825
	546,915		Jiangsu Express		681
	25,783	*	Jin Air Co Ltd		469
	107,600		Kamigumi Co Ltd		2,041
	463,187		Kansas City Southern		122,244
	49,288	*	Kawasaki Kisen Kaisha Ltd		1,134
	127,190		Keihin Electric Express Railway Co Ltd		1,923
	70,593		Keio Corp		4,753
	79,402		Keisei Electric Railway Co Ltd		2,600
	641,009	e	Kerry Logistics Network Ltd		1,922
	140,225	*	Kintetsu Corp		5,354
	254,700		Kintetsu World Express, Inc		6,620
	81,149	*	Kirby Corp		4,892
	174,403		Knight-Swift Transportation Holdings, Inc		8,387
	25,868		Konoike Transport Co Ltd		283

174

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	3,186	*	Korea Express Co Ltd	$	517
	93,652	*	Korea Line Corp		285
	61,503	*	Korean Air Lines Co Ltd		1,488
	54,392		Kuehne & Nagel International AG.		15,536
	95,516		Kyushu Railway Co		2,225
	45,677		Landstar System, Inc		7,539
	1,357,417		Localiza Rent A Car		14,405
	374,310	*,e	Lyft, Inc (Class A)		23,649
	101,313		Macquarie Infrastructure Co LLC		3,223
	635,545	g	Mahindra Logistics Ltd		5,051
	424,854		Malaysia Airports Holdings BHD		642
	281,588		Marten Transport Ltd		4,779
	36,650	e	Maruwa Unyu Kikan Co Ltd		640
	26,230		Maruzen Showa Unyu Co Ltd		770
	67,565		Matson, Inc		4,507
	48,591	*	Mesa Air Group, Inc		654
	1,321,740		MISC BHD		2,176
	54,928	e	Mitsubishi Logistics Corp		1,683
	113,700	e	Mitsui OSK Lines Ltd		4,001
	47,114		Mitsui-Soko Co Ltd		925
	570,300		MMC Corp BHD		142
	109,952		Movida Participacoes S.A.		327
	694,363		MTR Corp		3,949
	95,930		Mullen Group Ltd		930
	84,035	*	Nagoya Railroad Co Ltd		2,002
	106,727		Nankai Electric Railway Co Ltd		2,454
	102,554	e	Napier Port Holdings Ltd		243
	554,040		National Express Group plc		2,351
	57,926		Nippon Express Co Ltd		4,321
	96,349		Nippon Konpo Unyu Soko Co Ltd		1,939
	72,566		Nippon Yusen Kabushiki Kaisha		2,482
	60,600		Nishi-Nippon Railroad Co Ltd		1,621
	202,089	*,g	Nobina AB		1,695
	34,585		Norfolk Southern Corp		9,287
	204,594		Odakyu Electric Railway Co Ltd		5,598
	34,265	e	Oesterreichische Post AG.		1,499
	151,298		Old Dominion Freight Line		36,374
	5,322,290		Pacific Basin Shipping Ltd		1,441
	1,381	*	PAM Transportation Services, Inc		85
	106,962		Pan Ocean Co Ltd		586
	8,926	e	Pangaea Logistics Solutions Ltd		28
	25,064	*	Pegasus Hava Tasimaciligi AS.		219
	5,486		Piraeus Port Authority		141
	186,382		Promotora y Operadora de Infraestructura SAB de C.V.		1,426
	866,143	*	Qantas Airways Ltd		3,362
	416,408		Qatar Navigation QSC		881
	1,864,219		Qube Logistics Holdings Ltd		4,256
	110,603	*	Radiant Logistics, Inc		769
	260,366		Redde Northgate plc		1,106
	1,525,812	*	Royal Mail plc		10,619
	1,120,846	*	Rumo S.A.		4,032
	24,437	e	Ryder System, Inc		1,849
	281,028	*,e	Safe Bulkers, Inc		689
	75,597	*	Sagami Railway Co Ltd		1,695
	66,778	*	Saia, Inc		15,398
	96	*,†	SAir Group		0

175

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	22,170		Sakai Moving Service Co Ltd	$	994
	55,650		Sankyu, Inc		2,449
	355,004		Santos Brasil Participacoes S.A.		430
	3,899,385	*,e	SAS AB		898
	70,558	*	Saudi Ground Services Co		610
	30,688		Saudi Industrial Services Co		315
	47,201	*	Saudi Public Transport Co		327
	85,504		SBS Holdings, Inc		2,144
	81,672		Schneider National, Inc		2,039
	29,115	*	SEACOR Holdings, Inc		1,186
	176,286	*	Seibu Holdings, Inc		1,947
	139,006		Seino Holdings Corp		1,940
	105,696	e	Senko Co Ltd		1,002
	104,139		SF Holding Co Ltd		1,294
	358,890		SG Holdings Co Ltd		8,240
	93,800	*	Shandong Airlines Co Ltd		74
	19,196		Shanghai International Airport Co Ltd		170
	212,360		Shanghai International Port Group Co Ltd		155
	119,844		Shanghai Jinjiang International Investment Holdings Co		92
	44,523		Shenzhen Airport Co Ltd		60
	495,902		Shenzhen International Holdings Ltd		833
	9,400		Shinwa Kaiun Kaisha Ltd		161
	226,800		SIA Engineering Co Ltd		367
	684,000		Sichuan Expressway Co Ltd		168
	858,680		Signature Aviation plc		4,786
	232,797		SIMPAR S.A.		1,545
	232,720		Sincere Navigation		179
	1,132,350	*,e	Singapore Airlines Ltd		4,676
	664,700	*	Singapore Airport Terminal Services Ltd		2,153
	1,601,019		Singapore Post Ltd		835
	108,347		Sinotrans Ltd (Class A)		71
	2,995,848		SITC International Co Ltd		10,196
	14,129	*	Sixt AG.		1,868
	18,817		Sixt AG. (Preference)		1,471
	76,462	*	Skywest, Inc		4,166
	799,319	*	Southwest Airlines Co		48,806
	223,484	*	SpiceJet Ltd		213
	154,310	*,e	Spirit Airlines, Inc		5,694
	18,934		Spring Airlines Co Ltd		173
	464,363	*	Stagecoach Group plc		643
	48,773		STO Express Co Ltd		69
	29,475		Stolt-Nielsen S.A.		435
	56,183		Sumitomo Warehouse Co Ltd		748
	1,027,120	*	Sydney Airport		4,853
	1,874,501		Taiwan High Speed Rail Corp		2,070
	137,214	*	TAV Havalimanlari Holding AS		339
	20,599		Tegma Gestao Logistica		69
	173,351		TFI International, Inc		12,994
	1,412,000		Tianjin Port Development Holdings Ltd		114
	732,837	*	TNT NV		3,552
	120,743		Tobu Railway Co Ltd		3,252
	356,518		Tokyu Corp		4,755
	6,015		Tonami Holdings Co Ltd		293
	5,648,600	*,†	Trada Alam Minera Tbk PT		0	^
	12,907		Trancom Co Ltd		1,031

176

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	2,315,306		Transurban Group	$	23,538
	233,714	*	Turk Hava Yollari		362
	3,619,677	*	Uber Technologies, Inc		197,309
	325,000		U-Ming Marine Transport Corp		470
	2,698,133		Union Pacific Corp		594,695
	419,771	*	United Airlines Holdings Inc		24,154
	424,344		United International Transportation Co		4,967
	1,531,893		United Parcel Service, Inc (Class B)		260,406
	35,769		Universal Logistics Holdings Inc		941
	35,805	*	US Xpress Enterprises, Inc		421
	67,336	*,†	Virgin Australia Int Holdings		0
	83,566		Wallenius Wilhelmsen ASA		271
	423,000		Wan Hai Lines Ltd		820
	132,637		Werner Enterprises, Inc		6,256
	123,323		West Japan Railway Co		6,843
	644,894		Westports Holdings BHD		654
	46,609	e	Westshore Terminals Investment Corp		720
	306,042		Wisdom Marine Lines Co Ltd		385
	150,660	*,e	XPO Logistics, Inc		18,576
	399,121		Yamato Transport Co Ltd		10,960
	896,523	*	Yang Ming Marine Transport		1,195
	86,959		YTO Express Group Co Ltd		148
	800,000		Yuexiu Transport Infrastructure Ltd		506
	40,515		Yunda Holding Co Ltd		87
	618,968		Zhejiang Expressway Co Ltd		549
	160,883		ZTO Express Cayman, Inc (ADR)		4,690
			TOTAL TRANSPORTATION		2,682,215
UTILITIES - 2.3%
	1,627,844		A2A S.p.A.		2,963
	1,564,581		Aboitiz Power Corp		758
	3,191,500		AC Energy Corp		456
	22,587		Acciona S.A.		3,795
	127,978		ACEA S.p.A.		2,797
	108,746	e	Actelios S.p.A.		778
	224,563	*	Adani Gas Ltd		2,961
	333,663	*	Adani Green Energy Ltd		5,063
	573,279	*	Adani Power Ltd		669
	120,076		AES Brasil Energia S.A.		371
	516,652		AES Corp		13,851
	2,897,156		AES Gener S.A.		491
	348,364	*,†	AET&D Holdings No 1 Ptd Ltd		0
	582,319		AGL Energy Ltd		4,281
	2,256,303		Aguas Andinas S.A.		698
	542,734	e	Algonquin Power & Utilities Corp		8,599
	145,483		Allete, Inc		9,775
	2,777,706		Alliant Energy Corp		150,441
	255,390	e	AltaGas Ltd		4,255
	111,197		Alupar Investimento S.A.		507
	2,116,431	e	Ameren Corp		172,193
	2,541,839		American Electric Power Co, Inc		215,294
	27,655		American States Water Co		2,091
	24,886		American Water Works Co, Inc		3,731
	1,108,848		APA Group		8,467
	11,545		Artesian Resources Corp		455
	105,315		Ascopiave S.p.A.		482

177

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	69,578		Atco Ltd	$	2,310
	29,961		Athens Water Supply & Sewage Co S.A.		266
	201,572	*,e	Atlantic Power Corp		583
	17,325		Atmos Energy Corp		1,713
	1,598,107		AusNet Services		2,234
	4,444		Avangrid, Inc		221
	105,451		Avista Corp		5,035
	57,413	*	Aygaz AS		103
	698,730		B Grimm Power PCL		1,027
	603,600		Banpu Power PCL		389
	495,100		BCPG PCL		233
	3,262,000	*,e	Beijing Energy International Holding Co Ltd		105
	237,179		Beijing Enterprises Holdings Ltd		839
	2,114,586		Beijing Enterprises Water Group Ltd		805
	4,776,000	*,†	Beijing Gas Blue Sky Holdings Ltd		36
	1,096,000		Beijing Jingneng Clean Energy Co Ltd		249
	21,546		BKW S.A.		2,346
	177,505	e	Black Hills Corp		11,852
	85,483		Boralex, Inc		2,688
	39,919	e	Brookfield Infrastructure Corp		3,054
	43,964	e	Brookfield Infrastructure Corp		3,358
	117,369		Brookfield Renewable Corp		5,498
	835,493		Brookfield Renewable Corp		39,101
	32,390	*,e	Cadiz, Inc		311
	40,753		California Water Service Group		2,296
	118,744		Canadian Utilities Ltd		3,188
	495,000		Canvest Environment Protection Group Co Ltd		229
	112,785	e	Capital Power Corp		3,267
	94,221	e	Capital Stage AG.		1,786
	9,389,823		Centerpoint Energy, Inc		212,679
	307,349		Centrais Eletricas Brasileiras S.A.		1,871
	256,439		Centrais Eletricas Brasileiras S.A. (Preference)		1,586
	73,867	*,e	Central Puerto S.A. (ADR)		167
	9,274,272		Centrica plc		6,924
	44,027		CESC Ltd		358
	67,392		CEZ AS		1,666
	3,613,000	g	CGN Power Co Ltd		875
	32,089		Chesapeake Utilities Corp		3,725
	1,712,631		China Datang Corp Renewable Power Co Ltd		328
	513,000	e,g	China Everbright Greentech Ltd		209
	680,913	e	China Everbright Water Ltd		124
	1,018,365		China Gas Holdings Ltd		4,181
	1,288,044		China Longyuan Power Group Corp		1,759
	334,600		China National Nuclear Power Co Ltd		281
	2,299,847		China Power International Development Ltd		536
	377,312		China Resources Gas Group Ltd		2,094
	848,373		China Resources Power Holdings Co		1,131
	247,500		China Tian Lun Gas Holdings Ltd		241
	642,254		China Water Affairs Group Ltd		527
	536,101		China Yangtze Power Co Ltd		1,755
	514,546		Chubu Electric Power Co, Inc		6,630
	141,578	e	Chugoku Electric Power Co, Inc		1,740
	299,601		Cia de Saneamento Basico do Estado de Sao Paulo		2,193
	1,195,200		Cia de Saneamento de Minas Gerais-COPASA		3,206
	138,749		Cia de Saneamento do Parana		542
	215,159		Cia de Saneamento do Parana (Preference)		169

178

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	887,457		Cia Energetica de Minas Gerais	$	2,054
	726,121		Cia Energetica de Sao Paulo (Class B)		3,633
	11,856		Cia Energetica do Ceara		118
	1,031,730		Cia Paranaense de Energia		1,307
	617,723		CK Infrastructure Holdings Ltd		3,683
	1,815,580		CK Power PCL		284
	248,390		Clearway Energy, Inc (Class A)		6,585
	298,572		Clearway Energy, Inc (Class C)		8,402
	1,565,817		CLP Holdings Ltd		15,246
	1,539,792		CMS Energy Corp		94,266
	7,970,384		Colbun S.A.		1,550
	4,600,000		Concord New Energy Group Ltd		332
	46,552		Consolidated Edison, Inc		3,482
	25,106	e	Consolidated Water Co, Inc		338
	734,319		Contact Energy Ltd		3,603
	234,630	g	ContourGlobal plc		661
	202,828		CPFL Energia S.A.		1,096
	160,673		Dominion Energy, Inc		12,205
	61,785	*	Doral Group Renewable Energy Resources Ltd		284
	598,794		Drax Group plc		3,467
	26,014	e	DTE Energy Co		3,464
	692,378		Duke Energy Corp		66,835
	1,904,821		E.ON AG.		22,199
	527,000		Eastern Water Resources Development and Management PCL		170
	108,756		Edison International		6,373
	232,045		EDP - Energias do Brasil S.A.		816
	146,300	e	Electric Power Development Co		2,560
	536,014		Electricite de France		7,190
	296,417		Electricity Generating PCL		1,765
	25,978	e	Elia System Operator S.A.		2,861
	227,445		Emera, Inc		10,123
	17,068		Enagas		372
	204,931		Endesa S.A.		5,431
	163,485	*	Enea S.A.		263
	25,172,670		Enel Chile S.A.		1,958
	10,301,114		Enel S.p.A.		102,469
	4,723,619		Energias de Portugal S.A.		26,980
	138,833		Energisa S.A.		1,115
	201,696		Energix-Renewable Energies Ltd		765
	1,231,944		Energy Absolute PCL (Foreign)		2,454
	182,137	g	Enerjisa Enerji AS.		258
	30,313,042		Enersis S.A.		5,059
	538,544	*	Eneva S.A.		1,598
	164,548		Engie Brasil Energia S.A.		1,223
	390,981		Engie Energia Chile S.A.		445
	1,717,111		Engie S.A.		24,392
	939,393	*	Enlight Renewable Energy Ltd		1,761
	316,135		ENN Energy Holdings Ltd		5,099
	1,329,654	e	Entergy Corp		132,261
	755,553		Equatorial Energia S.A.		3,329
	22,843	e	eRex Co Ltd		382
	60,398		ERG S.p.A.		1,796
	38,360		Essential Utilities Inc		1,717
	466,485		Evergy, Inc		27,770
	199,984		Eversource Energy		17,317

179

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	39,016	e	EVN AG.	$	839
	2,654,488		Exelon Corp		116,107
	664,022		First Gen Corp		412
	810,666		FirstEnergy Corp		28,122
	220,544	g	Fjordkraft Holding ASA		1,800
	424,074		Fortis, Inc		18,401
	344,645		Fortum Oyj		9,205
	666,918		GAIL India Ltd		1,240
	526,069		Genesis Energy Ltd		1,283
	22,259		Genie Energy Ltd		141
	597,757		Global Power Synergy Co Ltd (Foreign)		1,478
	9,336	e	Global Water Resources, Inc		152
	1,159,210		Guangdong Investments Ltd		1,894
	127,967		Gujarat Gas Ltd		964
	1,107,545		Gujarat State Petronet Ltd		4,152
	2,095,727		Gulf Energy Development PCL		2,252
	3,189,719		Gunkul Engineering PCL		383
	18,228	e	Hawaiian Electric Industries, Inc		810
	1,317,067		Hera S.p.A.		5,050
	2,201,000		HK Electric Investments & HK Electric Investments Ltd		2,187
	175,093		Hokkaido Electric Power Co, Inc		801
	165,477		Hokuriku Electric Power Co		1,134
	80,025		Holding CO ADMIE IPTO S.A.		258
	10,083,790		Hong Kong & China Gas Ltd		15,989
	1,305,438		Hong Kong Electric Holdings Ltd		7,727
	250,419		Huadian Power International Corp Ltd (Class A)		141
	232,566		Huaneng Power International, Inc		157
	1,594,751		Huaneng Power International, Inc (Hong Kong)		567
	569,413		Hub Power Co Ltd		303
	300,382	g	Hydro One Ltd		6,996
	6,632,475		Iberdrola S.A.		85,605
	71,911		Idacorp, Inc		7,189
	116,748		Indraprastha Gas Ltd		820
	443,601	*	Infraestructura Energetica ,NV SAB de C.V.		1,712
	747,389		Infratil Ltd		3,725
	127,367	e	Innergex Renewable Energy, Inc		2,227
	1,027,900	*,†	Inter Far East Energy Corp		0	^
	366,921		Interconexion Electrica S.A.		2,255
	363,224		Inversiones Aguas Metropolitanas S.A.		285
	661,331		Iride S.p.A.		1,829
	488,644		Italgas S.p.A		3,173
	244,950		JSW Energy Ltd		295
	15,300		K&O Energy Group, Inc		203
	735,028		Kansai Electric Power Co, Inc		7,969
	22,085		Kenon Holdings Ltd		672
	3,885,093		Keppel Infrastructure Trust		1,589
	1,465		Korea District Heating Corp		50
	100,261		Korea Electric Power Corp		2,057
	13,140	*	Korea Gas Corp		393
	234,996		Kyushu Electric Power Co, Inc		2,321
	265,934	*	Light S.A.		952
	28,000		Luenmei Quantum Co Ltd		45
	44,845		Mahanagar Gas Ltd		719
	1,143,500		Malakoff Corp BHD		239
	222,222		Manila Electric Co		1,246

180

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	926,300	*	Manila Water Co, Inc	$	307
	383,828	e	MDU Resources Group, Inc		12,133
	208,200		Mega First Corp BHD		366
	575,763		Mercury NZ Ltd		2,617
	1,094,725		Meridian Energy Ltd		4,127
	48,933		MGE Energy, Inc		3,493
	13,196		Middlesex Water Co		1,043
	175,193		Mosenergo PJSC (ADR)		278
	30,824		National Fuel Gas Co		1,541
	32,667	*	National Gas & Industrialization Co		283
	2,824,908		National Grid plc		33,533
	226,292		Naturgy Energy Group S.A.		5,556
	30,966	*,e,g	Neoen S.A.		1,552
	147,683		New Jersey Resources Corp		5,888
	4,451,835		NextEra Energy, Inc		336,603
	107,187		Nippon Gas Co Ltd		1,867
	52,443		NiSource, Inc		1,264
	174,635	e	Northland Power Income Fund		6,330
	105,692		Northwest Natural Holding Co		5,702
	121,777		NorthWestern Corp		7,940
	511,963		NRG Energy, Inc		19,316
	1,805,789		NTPC Ltd		2,642
	35,265		OGE Energy Corp		1,141
	38,201		Okinawa Electric Power Co, Inc		536
	100,039	*	Omega Geracao S.A.		698
	106,670		ONE Gas, Inc		8,204
	78,120	*	OPC Energy Ltd		798
	32,816	e	Ormat Technologies, Inc		2,577
	243,877	g	Orsted AS		39,378
	249,834		Osaka Gas Co Ltd		4,875
	91,164		Otter Tail Corp		4,209
	35,783	*,e	Pampa Energia S.A. (ADR)		531
	620,954		Pennon Group plc		8,344
	743,778		Petronas Gas BHD		2,871
	2,001,129	*,b	PG&E Corp		23,433
	378,763	*	PGE Polska Grupa Energetyczna S.A.		651
	22,127		Pinnacle West Capital Corp		1,800
	188,487		PNM Resources, Inc		9,245
	144,186		Portland General Electric Co		6,845
	846,535		Power Grid Corp of India Ltd		2,502
	106,090		PPL Corp		3,060
	11,543,158		PT Perusahaan Gas Negara Persero Tbk		1,048
	131,469	*	Public Power Corp		1,403
	68,743		Public Service Enterprise Group, Inc		4,139
	43,345	*	Pure Cycle Corp		582
	216,008		Qatar Electricity & Water Co		1,007
	353,127		Ratch Group PCL		580
	67,703		Red Electrica Corp S.A.		1,201
	641,462		Redes Energeticas Nacionais S.A.		1,790
	35,100	*,e	RENOVA, Inc		1,187
	10,019		RGC Resources, Inc		222
	96,980		Rubis S.C.A		4,590
	2,469,800		RWE AG.		96,919
	23,900		Saibu Gas Co Ltd		685
	335,607		Saudi Electricity Co		2,103
	120,754	g	Scatec Solar ASA		3,659

181

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	877,620		Scottish & Southern Energy plc	$	17,597
	166,312		SDIC Power Holdings Co Ltd		252
	44,670		Sechilienne-Sidec		2,189
	960,378		SembCorp Industries Ltd		1,316
	420,180		Sempra Energy		55,707
	16,305		Severn Trent plc		519
	403,455		Shamal Az-Zour Al-Oula for the First Phase of Az-Zour Power Plant KSC		358
	57,229		Shanghai Electric Power Co Ltd		68
	154,500		Shenergy Co Ltd		146
	11,388		Shenzhen Energy Group Co Ltd		19
	150,942		Shikoku Electric Power Co, Inc		1,175
	36,910		Shizuoka Gas Co Ltd		332
	93,900		Sichuan Chuantou Energy Co Ltd		180
	45,497		SJW Corp		2,866
	138,061		Snam Rete Gas S.p.A.		765
	66,390	*	Solaria Energia y Medio Ambiente S.A.		1,408
	14,275	*	Solarpack Corp Tecnologica S.A.		351
	128,000	*,†	Sound Global Ltd		0	^
	198,190		South Jersey Industries, Inc		4,475
	143,129		Southern Co		8,897
	148,296		Southwest Gas Holdings Inc		10,189
	26,177	e	Spark Energy, Inc		280
	1,820,262		Spark Infrastructure Group		3,008
	409,300		SPCG PCL		256
	79,704		Spire, Inc		5,889
	327,704		Suez Environnement S.A.		6,940
	191,368	*	Sunnova Energy International, Inc		7,812
	12,431,856	*	Super Energy Corp PCL (Foreign)		403
	183,016	e	Superior Plus Corp		2,071
	311,450		Taiwan Cogeneration Corp		425
	1,154,746		Tata Power Co Ltd		1,638
	836,808	*	Tauron Polska Energia S.A.		549
	63,259		Telecom Plus plc		1,107
	2,077,104		Tenaga Nasional BHD		5,073
	37,287		Terna Energy S.A.		551
	1,137,212		Terna Rete Elettrica Nazionale S.p.A.		8,588
	39,059	e	Toho Gas Co Ltd		2,410
	246,380		Tohoku Electric Power Co, Inc		2,330
	1,063,793	*	Tokyo Electric Power Co, Inc		3,556
	355,842		Tokyo Gas Co Ltd		7,928
	142,568		Torrent Power Ltd		827
	824,000		Towngas China Co Ltd		412
	2,058,139		TPI Polene Power PCL		289
	380,944		TransAlta Corp		3,607
	111,200	e	TransAlta Renewables, Inc		1,820
	226,169		Transmissora Alianca de Energia Eletrica S.A.		1,564
	1,056,678		TTW PCL		399
	35,932		UGI Corp		1,474
	157,072		Uniper SE		5,690
	46,549		United Utilities Group plc		595
	21,675		Unitil Corp		990
	507,570		Veolia Environnement		13,021
	63,324	e	Verbund AG.		4,600
	781,299		Vistra Energy Corp		13,813
	271,155		WEC Energy Group, Inc		25,377

182

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	22,230		West Holdings Corp	$	696
	892,500		WHA Utilities and Power PCL		128
	2,294,198		Xcel Energy, Inc		152,587
	8,541		York Water Co		418
	1,604,300	*	YTL Power International BHD		282
			TOTAL UTILITIES		3,075,928
			TOTAL COMMON STOCKS		129,012,633
			(Cost $98,760,583)
PURCHASED OPTIONS - 0.0%
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.0%
	220,000		NVIDIA Corp		13,090
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		13,090
			TOTAL PURCHASED OPTIONS		13,090
			(Cost $6,260)
PREFERRED STOCKS - 0.0%
REAL ESTATE - 0.0%
	8,497,223	*,†	Ayala Land, Inc		17
			TOTAL REAL ESTATE		17
			TOTAL PREFERRED STOCKS		17
			(Cost $20)
RIGHTS / WARRANTS - 0.0%
CAPITAL GOODS - 0.0%
	79,135	e	Abengoa S.A. (B Shares)		1
			TOTAL CAPITAL GOODS		1
CONSUMER DURABLES & APPAREL - 0.0%
	1,161,407		Cie Financiere Richemont S.A.		442
			TOTAL CONSUMER DURABLES & APPAREL		442
CONSUMER SERVICES - 0.0%
	69,576	e	PointsBet Holdings Pty Ltd		207
			TOTAL CONSUMER SERVICES		207
DIVERSIFIED FINANCIALS - 0.0%
	26,653		Srisawad Corp PCL		16
			TOTAL DIVERSIFIED FINANCIALS		16

183

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
ENERGY - 0.0%
	8,918	e	Weatherford International plc	$	4
			TOTAL ENERGY		4
MATERIALS - 0.0%
	2,903		Dawonsys Co Ltd		9
	71,921		Izmir Demir Celik Sanayi AS.		39
	37,560		Scientex BHD		11
	18,877		Sociedad Quimica y Minera de Chile S.A.		76
			TOTAL MATERIALS		135
MEDIA & ENTERTAINMENT - 0.0%
	520,238		Advantage Solutions, Inc		1,670
	230,631	†	Media General, Inc		0
			TOTAL MEDIA & ENTERTAINMENT		1,670
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.0%
	12,599	†	Chinook Therapeutics, Inc		0
	156,143	†	Elanco Animal Health, Inc CVR		9
	17,790	†,e	Omthera Pharmaceuticals, Inc		11
	569,684		Paion AG.		14
	20,027	†,e	Tobira Therapeutics, Inc		1
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		35
REAL ESTATE - 0.0%
	28,048		MBK PCL		11
			TOTAL REAL ESTATE		11
UTILITIES - 0.0%
	30,966		Neoen S.A.		134
	139,827		Snam S.p.A		0	^
			TOTAL UTILITIES		134
			TOTAL RIGHTS / WARRANTS		2,655
			(Cost $827)

PRINCIPAL		ISSUER	RATE		MATURITY DATE
SHORT-TERM INVESTMENTS - 2.9%
GOVERNMENT AGENCY DEBT - 1.3%
$	25,000,000	Federal Agricultural Mortgage Corp (FAMC)	0.080	%	04/29/21	25,000
	12,500,000	FAMC	0.095		05/28/21	12,500
	10,000,000	FAMC	0.020		07/27/21	9,999
	20,000,000	Federal Farm Credit Bank (FFCB)	0.030		04/08/21	20,000
	25,000,000	FFCB	0.040		04/13/21	25,000
	5,000,000	FFCB	0.100		08/03/21	4,999
	30,000,000	FFCB	0.100		08/18/21	29,997
	30,000,000	FFCB	0.110		09/30/21	29,994
	50,000,000	FFCB	0.120		10/13/21	49,989
	13,000,000	FFCB	0.110		11/19/21	12,996
	20,000,000	FFCB	0.080		01/19/22	19,992
	20,000,000	FFCB	0.080		01/28/22	19,992
	33,333,000	FFCB	0.080		02/15/22	33,315
	63,102,000	Federal Home Loan Bank (FHLB)	0.020-0.030		04/01/21	63,102

184

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE (000)
$	8,000,000		FHLB	0.010	%	04/05/21	$	8,000
	57,429,000		FHLB	0.005-0.026		04/07/21		57,429
	70,000,000		FHLB	0.030-0.085		04/09/21		70,000
	16,545,000		FHLB	0.037		04/13/21		16,545
	34,000,000		FHLB	0.030-0.039		04/14/21		34,000
	17,179,000		FHLB	0.005		04/16/21		17,179
	32,312,000		FHLB	0.035-0.110		04/21/21		32,312
	12,500,000		FHLB	0.040		04/22/21		12,500
	131,429,000		FHLB	0.010-0.033		04/23/21		131,429
	29,360,000		FHLB	0.010		04/26/21		29,360
	34,627,000		FHLB	0.032-0.035		04/28/21		34,627
	61,500,000		FHLB	0.005-0.060		04/30/21		61,500
	5,558,000		FHLB	0.010		05/03/21		5,558
	20,000,000		FHLB	0.025		05/07/21		20,000
	64,240,000		FHLB	0.030-0.035		05/10/21		64,239
	33,000,000		FHLB	0.014-0.039		05/12/21		33,000
	136,350,000		FHLB	0.012-0.099		05/19/21		136,348
	50,000,000		FHLB	0.060		06/02/21		49,999
	29,000,000		FHLB	0.085		06/02/21		28,999
	3,200,000		FHLB	0.035		06/08/21		3,200
	3,970,000		FHLB	0.025		06/16/21		3,970
	50,000,000		FHLB	0.023		06/28/21		49,997
	91,750,000		FHLB	0.080-0.090		06/30/21		91,745
	46,563,000		FHLB	0.085-0.090		07/23/21		46,559
	20,000,000		FHLB	0.050		08/06/21		19,998
	35,000,000		FHLB	0.053-0.055		08/13/21		34,996
	31,260,000		FHLB	0.057-0.058		08/18/21		31,256
	32,140,000		FHLB	0.050-0.060		08/25/21		32,136
	91,610,000		FHLB	0.060		09/01/21		91,594
	23,000,000		FHLB	0.055		09/03/21		22,996
	20,000,000		FHLB	0.058		09/08/21		19,997
	9,000,000		FHLB	0.025		09/15/21		8,998
	11,140,000		Federal Home Loan Mortgage Corp (FHLMC)	4.551		01/13/22		11,341
	3,605,000		Federal National Mortgage Association (FNMA)	5.030		01/11/22		3,677
	9,483,000		FNMA	3.831		01/05/22		9,624
	40,000,000		Federal Agricultural Mortgage Corp (FAMC)	0.010		04/09/21		40,000
			TOTAL GOVERNMENT AGENCY DEBT					1,721,983
REPURCHASE AGREEMENT - 0.0%
	71,160,000	r	Fixed Income Clearing Corp (FICC)	0.005		04/01/21		71,160
			TOTAL REPURCHASE AGREEMENT					71,160
TREASURY DEBT - 0.4%
	25,000,000		United States Cash Management Bill	0.030		06/15/21		25,000
	73,233,000		United States Cash Management Bill	0.088		06/22/21		73,231
	89,730,000		United States Treasury Bill	0.027-0.036		04/08/21		89,730
	30,000,000		United States Treasury Bill	0.087		04/20/21		30,000
	19,880,000		United States Treasury Bill	0.088		04/27/21		19,880
	15,090,000		United States Treasury Bill	0.023		04/29/21		15,090
	31,718,000		United States Treasury Bill	0.020-0.088		05/06/21		31,717
	50,000,000		United States Treasury Bill	0.085		05/18/21		49,998
	50,000,000		United States Treasury Bill	0.030-0.036		05/20/21		49,999
	9,690,000		United States Treasury Bill	0.041		05/27/21		9,690
	25,000,000		United States Treasury Bill	0.032		06/01/21		24,999
	25,000,000		United States Treasury Bill	0.033		06/17/21		24,999
	25,000,000		United States Treasury Bill	0.088		07/08/21		24,999
			TOTAL TREASURY DEBT					469,332

185

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE (000)
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED - 1.2%
COMMERCIAL PAPER - 0.2%
$	73,000,000		BNP PARIBAS	0.000	%	08/30/21	$	72,951
	75,000,000		Credit Agricole	0.000		08/25/21		74,957
	75,000,000		Lloyds Bank plc	0.000		07/27/21		74,961
			TOTAL COMMERCIAL PAPER					222,869
REPURCHASE AGREEMENT - 1.0%
	45,000,000	s	Calyon	0.005		04/01/21		45,000
	50,000,000	t	Calyon	0.010		04/01/21		50,000
	135,000,000	u	Citigroup	0.010		04/01/21		135,000
	50,000,000	v	Deutsche Bank	0.003		04/01/21		50,000
	125,000,000	w	Goldman Sachs	0.005		04/01/21		125,000
	40,000,000	x	HSBC	0.005		04/01/21		40,000
	100,000,000	y	JP Morgan Securities LLC	0.005		04/01/21		100,000
	10,000,000	z	JP Morgan Securities LLC	0.005		04/01/21		10,000
	30,000,000	aa	Merrill Lynch	0.010		04/01/21		30,000
	115,000,000	ab	Merrill Lynch	0.010		04/01/21		115,000
	150,000,000	ac	Nomura	0.005		04/01/21		150,000
	100,000,000	ad	Nomura	0.005		04/01/21		100,000
	245,000,000	ae	Royal Bank of Scotland	0.005		04/01/21		245,000
	100,000,000	af	Societe Generale	0.010		04/01/21		100,000
			TOTAL REPURCHASE AGREEMENT					1,295,000
			TOTAL INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED					1,517,869
			TOTAL SHORT-TERM INVESTMENTS					3,780,344
			(Cost $3,780,177)
			TOTAL INVESTMENTS - 101.1%					132,809,045
			(Cost $102,548,167)
			OTHER ASSETS & LIABILITIES, NET - (1.1)%					(1,421,446	)
			NET ASSETS - 100.0%				$	131,387,599

	Abbreviation(s):
ADR	American Depositary Receipt
CVR	Contingent Value Right
DCB	Debt Conversion Bonds
ETF	Exchange Traded Fund
GDR	Global Depositary Receipt
NVDR	Non Voting Depositary Receipt
OTC	Over The Counter
REIT	Real Estate Investment Trust
SPDR	Standard & Poor’s Depositary Receipts

186

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

*	Non-income producing
^	Amount represents less than $1,000.
†	Security is categorized as Level 3 in the fair value hierarchy.
a	Affiliated holding
b	In bankruptcy
e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $2,250,629,876.
g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At 3/31/21, the aggregate value of these securities is $1,424,436,453 or 1.1% of net assets.
h	All or a portion of these securities were purchased on a delayed delivery basis.
n	All or a portion of these securities have been segregated by the custodian to cover requirements on open written options contracts.
q	In default
r	Agreement with Fixed Income Clearing Corporation, 0.005% dated 03/31/21 to be repurchased at $71,160,000 on 04/01/21, collateralized by U.S. Treasury Notes valued at $72,583,207.
s	Agreement with Calyon, 0.005% dated 3/31/2021 to be repurchased at $45,000,000 on 4/01/21, collateralized by U.S. Government Agency Securities valued at $45,900,017.
t	Agreement with Calyon, 0.010% dated 3/31/2021 to be repurchased at $50,000,000 on 4/01/21, collateralized by U.S. Government Agency Securities valued at $51,000,101.
u	Agreement with Citigroup, 0.010% dated 3/31/2021 to be repurchased at $135,000,000 on 4/01/21, collateralized by U.S. Government Agency Securities valued at $137,700,095.
v	Agreement with Deutsche Bank, 0.003% dated 3/31/2021 to be repurchased at $50,000,000 on 4/01/21, collateralized by U.S. Government Agency Securities valued at $51,000,000.
w	Agreement with Goldman Sachs, 0.005% dated 3/31/2021 to be repurchased at $125,000,000 on 4/01/21, collateralized by U.S. Government Agency Securities valued at $127,500,059.
x	Agreement with HSBC, 0.005% dated 3/31/2021 to be repurchased at $40,000,000 on 4/01/21, collateralized by U.S. Government Agency Securities valued at $40,800,001.
y	Agreement with JP Morgan Securities LLC, 0.005% dated 3/31/2021 to be repurchased at $100,000,000 on 4/01/21, collateralized by U.S. Government Agency Securities valued at $102,000,000.
z	Agreement with JP Morgan Securities LLC, 0.005% dated 3/31/2021 to be repurchased at $10,000,000 on 4/01/21, collateralized by U.S. Government Agency Securities valued at $10,200,003.
aa	Agreement with Merrill Lynch, 0.010% dated 3/31/2021 to be repurchased at $30,000,000 on 4/01/21, collateralized by U.S. Government Agency Securities valued at $30,600,049.
ab	Agreement with Merrill Lynch, 0.010% dated 3/31/2021 to be repurchased at $115,000,000 on 4/01/21, collateralized by U.S. Government Agency Securities valued at $117,300,000.
ac	Agreement with Nomura, 0.005% dated 3/31/2021 to be repurchased at $150,000,000 on 4/01/21, collateralized by U.S. Government Agency Securities valued at $153,000,000.
ad	Agreement with Nomura, 0.005% dated 3/31/2021 to be repurchased at $100,000,000 on 4/01/21, collateralized by U.S. Government Agency Securities valued at $102,000,001.
ae	Agreement with Royal Bank of Scotland, 0.005% dated 3/31/2021 to be repurchased at $245,000,000 on 4/01/21, collateralized by U.S. Government Agency Securities valued at $249,900,022.
af	Agreement with Societe Generale, 0.010% dated 3/31/2021 to be repurchased at $100,000,000 on 4/01/21, collateralized by U.S. Government Agency Securities valued at $102,000,097.

Cost amounts are in thousands.

Purchased options outstanding as of March 31, 2021 were as follows (notional amounts and values are in thousands):

Description/underlying investment	Number of contracts		Notional amount		Exercise price		Expiration date	Value
NVIDIA Corp, Call		2,200	$	6,260	$	490.00	05/21/21	$	13,090

Written options outstanding as of March 31, 2021 were as follows (notional amounts and values are in thousands):

187

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

Description/underlying investment	Number of contracts		Notional amount			Exercise price		Expiration date	Value
American Express Co, Call		20	$	(1	)	$	160.00	04/16/21	$	(0	)^
Anaplan, Inc, Put		20		(5	)		40.00	08/20/21		(4	)
Intel Corp, Call		30		(1	)		72.50	04/16/21		(0	)^
NVIDIA Corp, Call		2,200		(2,539	)		550.00	05/21/21		(4,763	)
NVIDIA Corp, Put		2,200		(1,189	)		350.00	05/21/21		(180	)
ViacomCBS, Inc, Put		30		(15	)		45.00	09/17/21		(23	)
Total		4,500		(3,750	)				$	(4,970	)

^  Amount represents less than $1,000.

Futures contracts outstanding as of March 31, 2021 were as follows (notional amounts and values are in thousands):

Description	Number of long (short) contracts		Expiration date	Notional amount		Value		Unrealized appreciation (depreciation)
Russell 2000 E Mini Index		945	06/18/21	$	107,848	$	105,013	$	(2,835	)
S&P 500 E Mini Index		6,339	06/18/21		1,231,985		1,257,467		25,482
S&P Mid-Cap 400 E Mini Index		653	06/18/21		168,238		170,127		1,889
Total		7,937		$	1,508,071	$	1,532,607	$	24,536

Forward foreign currency contracts outstanding as of March 31, 2021 were as follows (dollar amounts are in thousands):

Currency to be purchased	Receive	Currency to be sold	Deliver	Counterparty	Settlement date		Unrealized appreciation (depreciation	)
$	8,955	AUD	11,600	Bank of America	04/21/21	$	144
$	14,020	CAD	17,800	Bank of America	04/21/21		(145	)
$	83,201	CAD	105,000	Bank of America	06/10/21		(358	)
$	10,012	JPY	1,040,000	Bank of America	04/21/21		617
EUR	9,800	$	11,907	Bank of America	04/21/21		(409	)
JPY	2,915,000	$	26,836	Bank of America	06/10/21		(492	)
Total						$	(643	)
$	73,400	GBP	53,000	Morgan Stanley	06/10/21	$	318
$	15,475	EUR	13,000	Toronto Dominion Bank	06/10/21	$	207
$	12,939	GBP	9,500	Toronto Dominion Bank	04/21/21		(159	)
$	5,873	SEK	49,000	Toronto Dominion Bank	04/21/21		261
Total						$	309
Total						$	(16	)

AUD	Australian Dollar
CAD	Canadian Dollar
EUR	Euro
GBP	Pound Sterling
JPY	Japanese Yen
SEK	Swedish Krona

188

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

COLLEGE RETIREMENT EQUITIES FUND

STOCK ACCOUNT

SUMMARY OF MARKET VALUES BY COUNTRY (unaudited)

March 31, 2021

Country	Value (000)		% of total portfolio
DOMESTIC
UNITED STATES	$	93,772,431		70.6	%
TOTAL DOMESTIC		93,772,431		70.6
FOREIGN
ARGENTINA		42,679		0.0
AUSTRALIA		1,822,048		1.4
AUSTRIA		235,172		0.2
BAHAMAS		762		0.0
BELGIUM		204,165		0.2
BERMUDA		30,796		0.0
BRAZIL		968,493		0.7
BURKINA FASO		2,300		0.0
CAMEROON		1,546		0.0
CANADA		2,376,752		1.8
CAYMAN ISLANDS		338		0.0
CHILE		71,326		0.1
CHINA		4,093,053		3.1
COLOMBIA		16,508		0.0
COTE D’IVOIRE		3,902		0.0
CYPRUS		66		0.0
CZECH REPUBLIC		6,279		0.0
DENMARK		490,959		0.4
EGYPT		18,561		0.0
FAROE ISLANDS		4,143		0.0
FINLAND		306,336		0.2
FRANCE		2,361,872		1.8
GEORGIA		1,249		0.0
GERMANY		2,329,306		1.8
GHANA		3,022		0.0
GREECE		15,485		0.0
GUERNSEY, C.I.		735		0.0
HONG KONG		695,883		0.5
HUNGARY		43,552		0.0
INDIA		1,101,841		0.8
INDONESIA		143,430		0.1
IRELAND		495,797		0.4
ISLE OF MAN		781		0.0
ISRAEL		252,849		0.2
ITALY		566,999		0.4
JAPAN		5,739,075		4.3
JERSEY, C.I.		1,311		0.0
JORDAN		436		0.0
KAZAKHSTAN		2,903		0.0
KOREA, REPUBLIC OF		1,384,982		1.0
KUWAIT		25,815		0.0
KYRGYZSTAN		2,045		0.0
LIECHTENSTEIN		710		0.0
LUXEMBOURG		52,490		0.0

189

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

Country	Value (000)		% of total portfolio
MACAU	$	156,449		0.1	%
MALAYSIA		111,149		0.1
MALTA		8,596		0.0
MEXICO		300,846		0.2
MONACO		5,533		0.0
MONGOLIA		1,694		0.0
MYANMAR		157		0.0
NETHERLANDS		1,846,391		1.4
NEW ZEALAND		75,653		0.1
NORWAY		202,624		0.2
PAKISTAN		4,690		0.0
PANAMA		4,246		0.0
PERU		42,607		0.0
PHILIPPINES		52,867		0.0
POLAND		96,555		0.1
PORTUGAL		52,084		0.0
PUERTO RICO		27,998		0.0
QATAR		38,469		0.0
ROMANIA		1,003		0.0
RUSSIA		410,505		0.3
SAUDI ARABIA		186,006		0.1
SINGAPORE		219,174		0.2
SLOVENIA		2,991		0.0
SOUTH AFRICA		520,697		0.4
SPAIN		480,343		0.4
SWEDEN		726,287		0.5
SWITZERLAND		1,788,490		1.3
TAIWAN		1,534,993		1.2
TANZANIA, UNITED REPUBLIC OF		74,912		0.1
THAILAND		166,596		0.1
TURKEY		69,081		0.1
UKRAINE		1,551		0.0
UNITED ARAB EMIRATES		34,828		0.0
UNITED KINGDOM		3,848,516		2.9
VIETNAM		5,942		0.0
ZAMBIA		17,339		0.0
TOTAL FOREIGN		39,036,614		29.4
TOTAL PORTFOLIO	$	132,809,045		100.0	%

190

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

COLLEGE RETIREMENT EQUITIES FUND
GLOBAL EQUITIES ACCOUNT
SCHEDULE OF INVESTMENTS (unaudited)
March 31, 2021

SHARES			COMPANY	VALUE (000)
COMMON STOCKS - 97.7%
ARGENTINA - 0.1%
	7,145	*	Globant S.A.	$	1,483
	8,694	*	MercadoLibre, Inc		12,799
	17,400	e	Telecom Argentina S.A. (ADR) (Class B)		96
	44,200	*	YPF S.A. (ADR) (Class D)		182
			TOTAL ARGENTINA		14,560
AUSTRALIA - 1.4%
	224,768	*	Afterpay Touch Group Ltd		17,555
	93,849		AGL Energy Ltd		690
	652,700		AMP Ltd		629
	198,017		APA Group		1,512
	1,667,538		Australia & New Zealand Banking Group Ltd		35,803
	36,768		Australian Stock Exchange Ltd		1,990
	681,005	*,†	AZ BGP Holdings		2
	132,527		BHP Group plc		3,816
	51,831		Cochlear Ltd		8,337
	336,215		Commonwealth Bank of Australia		22,061
	132,726		CSL Ltd		26,824
	3,541,050		Fortescue Metals Group Ltd		53,968
	4,024,178		Glencore Xstrata plc		15,801
	1,035,437		IDP Education Ltd		18,841
	2,941,846		Ingenia Communities Group		11,352
	438,928		Insurance Australia Group Ltd		1,564
	63,940		Macquarie Group Ltd		7,454
	24,233		Magellan Financial Group Ltd		836
	523,057		Medibank Pvt Ltd		1,115
	222,486	*	Megaport Ltd		1,880
	607,046		National Australia Bank Ltd		12,027
	1,496,503	*	NEXTDC Ltd		11,919
	1,541,744	*	PointsBet Holdings Ltd		14,618
	192,376	*	Qantas Airways Ltd		747
	279,042		QBE Insurance Group Ltd		2,044
	386,725		Rio Tinto plc		29,502
	246,127		Sonic Healthcare Ltd		6,582
	239,487		Suncorp-Metway Ltd		1,804
	758,468		Telstra Corp Ltd		1,964
	79,663		Wesfarmers Ltd		3,199
	696,678		Westpac Banking Corp		12,923
	55		Woodside Petroleum Ltd		1
	139,635		Woolworths Ltd		4,349
	2,063,777	*,e	Zip Co Ltd		11,681
			TOTAL AUSTRALIA		345,390
AUSTRIA - 0.1%
	293,408	*,g	BAWAG Group AG.		15,134
	11,452	e	Verbund AG.		832
			TOTAL AUSTRIA		15,966

191

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
BELGIUM - 0.1%
	83,559		Anheuser-Busch InBev S.A.	$	5,253
	253,319		KBC Groep NV		18,432
			TOTAL BELGIUM		23,685
BERMUDA - 0.0%
	54,419		RenaissanceRe Holdings Ltd		8,721
			TOTAL BERMUDA		8,721
BRAZIL - 1.5%
	21,400	*	Alpargatas S.A.		140
	933,400		AMBEV S.A.		2,535
	112,646	*	Arco Platform Ltd		2,854
	75,500		Atacadao Distribuicao Comercio e Industria Ltd		311
	5,137,197	*	B2W Companhia Global Do Varejo		55,446
	415,700		B3 SA-Brasil Bolsa Balcao		4,034
	1,330,902		Banco Bradesco S.A.		5,559
	16,433,222		Banco Bradesco S.A. (Preference)		78,157
	231,900		Banco BTG Pactual S.A. - Unit		3,998
	42,132		Banco do Brasil S.A.		228
	679,300		Banco Inter S.A.		18,913
	17,800		Banco Santander Brasil S.A.		125
	135,700		BB Seguridade Participacoes S.A.		585
	38,200		Bradespar S.A.		464
	108,000	*	BRF S.A.		484
	66,955		Centrais Eletricas Brasileiras S.A.		408
	60,000		Centrais Eletricas Brasileiras S.A. (Preference)		371
	2,108,900		Cia Brasileira de Distribuicao		12,432
	230,300		Cia de Concessoes Rodoviarias		529
	70,200		Cia de Saneamento Basico do Estado de Sao Paulo		514
	207,783		Cia Energetica de Minas Gerais		481
	254,000		Cia Paranaense de Energia		322
	120,300		Cia Siderurgica Nacional S.A.		810
	778,513		Companhia Vale do Rio Doce (ADR)		13,531
	33,167		Cosan SA Industria e Comercio		539
	52,000		CPFL Energia S.A.		281
	26,400		Energisa S.A.		212
	38,450		Engie Brasil Energia S.A.		286
	154,700		Equatorial Energia S.A.		682
	207,100		Gerdau S.A. (Preference)		1,112
	44,900	g	Hapvida Participacoes e Investimentos S.A.		119
	14,900		Hypermarcas S.A.		85
	202,340		Investimentos Itau S.A. - PR		371
	4,823,519		Itau Unibanco Holding S.A.		23,969
	137,100	*	Klabin S.A.		673
	1,735,690		Localiza Rent A Car		18,419
	3,130,177		Lojas Americanas S.A. (Preference)		12,435
	146,880		Lojas Renner S.A.		1,111
	4,636,800		Magazine Luiza S.A.		16,673
	165,995	*	Natura & Co Holding S.A.		1,420
	23,684	*	Notre Dame Intermedica Participacoes S.A.		348
	379,753	*	Pagseguro Digital Ltd		17,583

192

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	157,200		Petrobras Distribuidora S.A.	$	617
	749,400		Petroleo Brasileiro S.A.		3,187
	952,938		Petroleo Brasileiro S.A. (Preference)		4,080
	202,000		Raia Drogasil S.A.		899
	246,400	*	Rumo S.A.		886
	2,108,900	*	Sendas Distribuidora S.A.		27,666
	491,317	*	StoneCo Ltd		30,078
	60,044		Sul America S.A.		364
	144,022	*	Suzano SA		1,754
	114,700		Telefonica Brasil S.A.		901
	171,100		TIM S.A.		385
	83,000		Totvus S.A.		427
	134,600		Ultrapar Participacoes S.A.		507
	718,800		Vale S.A.		12,511
	238,800	*	Via Varejo S.A.		512
	160,960		Weg S.A.		2,132
			TOTAL BRAZIL		386,455
CANADA - 1.6%
	38,389		Agnico-Eagle Mines Ltd		2,219
	946,247		Alimentation Couche Tard, Inc		30,510
	379,996		Bank of Montreal		33,872
	230,409		Bank of Nova Scotia		14,415
	296,238		Barrick Gold Corp (Canada)		5,877
	47,797		Brookfield Asset Management, Inc		2,126
	84,543		Canadian Imperial Bank of Commerce		8,278
	120,844		Canadian Natural Resources Ltd (Canada)		3,736
	221,919		Canadian Pacific Railway Ltd (Toronto)		84,763
	39,695	e	CI Financial Corp		573
	490,196		Dollarama, Inc		21,657
	793,954		Dye & Durham Ltd		25,063
	262,917		Enbridge, Inc (Toronto)		9,578
	5,079		Fairfax Financial Holdings Ltd		2,217
	20,307		First Capital Real Estate Investment Trust		266
	52,856		Great-West Lifeco, Inc		1,406
	20,301		iA Financial Corp, Inc		1,104
	15,662	e	IGM Financial, Inc		477
	27,162		Intact Financial Corp		3,329
	243,559	*	Lightspeed POS, Inc		15,317
	368,354		Manulife Financial Corp (Toronto)		7,923
	63,788		National Bank of Canada		4,333
	550,058		Nutrien Ltd (Toronto)		29,632
	15,760		Onex Corp		980
	106,010	e	Power Corp Of Canada		2,786
	95,596		RioCan Real Estate Investment Trust		1,480
	270,334		Royal Bank of Canada		24,925
	23,102	*	Shopify, Inc (Class A) (Toronto)		25,505
	111,035		Sun Life Financial, Inc		5,611
	32,955		Thomson Reuters Corp		2,887
	10,703		TMX Group Ltd		1,112
	343,611		Toronto-Dominion Bank		22,410
			TOTAL CANADA		396,367

193

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
CHILE - 0.0%
	1,778,260		Banco de Chile	$	210
	1,966		Banco de Credito e Inversiones		104
	3,539,615		Banco Santander Chile S.A.		221
	283,091		Cencosud S.A.		605
	24,271		Cencosud Shopping S.A.		50
	26,898		Cia Cervecerias Unidas S.A.		236
	1,654,650		Colbun S.A.		322
	76,264		Embotelladora Andina S.A.		202
	209,619		Empresas CMPC S.A.		673
	71,286		Empresas COPEC S.A.		880
	6,011,728		Enel Chile S.A.		468
	7,166,142		Enersis S.A.		1,196
	141,775		SACI Falabella		644
	22,786		Sociedad Quimica y Minera de Chile S.A. (Class B)		1,215
			TOTAL CHILE		7,026
CHINA - 4.9%
	16,900	*	21Vianet Group, Inc (ADR)		546
	14,000		360 Security Technology, Inc		30
	59,000	*,g	3SBio, Inc		52
	1,100	*	51job, Inc (ADR)		69
	1,822,100	e	AAC Technologies Holdings, Inc		9,276
	6,000		Accelink Technologies Co Ltd		20
	13,700		Addsino Co Ltd		39
	12,600		AECC Aero-Engine Control Co Ltd		34
	24,700		AECC Aviation Power Co Ltd		172
	50,000		Agile Property Holdings Ltd		82
	5,593,000		Agricultural Bank of China Ltd		2,242
	1,047,700		Agricultural Bank of China Ltd (Class A)		544
	238,037		Aier Eye Hospital Group Co Ltd		2,163
	22,200		Air China Ltd		31
	76,000		Air China Ltd (H shares)		66
	23,000		Airtac International Group		820
	20,000	g	AK Medical Holdings Ltd		26
	438,624	*	Alibaba Group Holding Ltd (ADR)		99,449
	1,482,000	*	Alibaba Health Information Technology Ltd		4,235
	80,500	g	A-Living Services Co Ltd		358
	910,000	*	Aluminum Corp of China Ltd		378
	174,700	*	Aluminum Corp of China Ltd (Class A)		101
	3,600		Angel Yeast Co Ltd		30
	61,000		Anhui Conch Cement Co Ltd		398
	9,700		Anhui Conch Cement Co Ltd (Class A)		76
	5,700		Anhui Gujing Distillery Co Ltd		80
	900		Anhui Gujing Distillery Co Ltd (Class A)		29
	1,900		Anhui Kouzi Distillery Co Ltd		18
	202,000		Anta Sports Products Ltd		3,313
	1,600		Apeloa Pharmaceutical Co Ltd		7
	1,000		Asymchem Laboratories Tianjin Co Ltd		44
	1,000		Autobio Diagnostics Co Ltd		17
	2,500		Autohome, Inc (ADR)		233
	28,700		AVIC Aircraft Co Ltd		106
	11,600		Avic Aviation High-Technology Co Ltd		45
	6,200		Avic Capital Co Ltd		4
	29,300		AVIC Electromechanical Systems Co Ltd		44

194

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	10,500		AVIC Jonhon Optronic Technology Co Ltd	$	109
	10,900		AVIC Shenyang Aircraft Co Ltd		108
	90,000	e	AviChina Industry & Technology Co		60
	5,600		AVICOPTER plc		43
	36,959		Bafang Electric Suzhou Co Ltd		1,084
	289,976	*	Baidu, Inc (ADR)		63,084
	117,300		Bank of Beijing Co Ltd		86
	8,800		Bank of Chengdu Co Ltd		15
	572,100		Bank of China Ltd		293
	15,765,000		Bank of China Ltd (Hong Kong)		6,013
	573,100		Bank of Communications Co Ltd		433
	1,859,000		Bank of Communications Co Ltd (Hong Kong)		1,185
	70,500		Bank of Hangzhou Co Ltd		182
	57,780		Bank of Jiangsu Co Ltd		57
	20,200		Bank of Nanjing Co Ltd		31
	69,400		Bank of Ningbo Co Ltd		413
	166,822		Bank of Shanghai Co Ltd		224
	297,900		Baoshan Iron & Steel Co Ltd		368
	2,669	*,e	Baozun, Inc (ADR)		102
	65,900		BBMG Corp		30
	4,100	*	BeiGene Ltd (ADR)		1,427
	5,800	*	Beijing BDStar Navigation Co Ltd		38
	96,000		Beijing Capital International Airport Co Ltd		75
	11,200		Beijing Dabeinong Technology Group Co Ltd		14
	5,040		Beijing E-Hualu Information Technology Co Ltd		19
	6,100		Beijing Enlight Media Co Ltd		11
	30,500		Beijing Enterprises Holdings Ltd		108
	224,000		Beijing Enterprises Water Group Ltd		85
	2,800		Beijing Kunlun Tech Co Ltd		10
	19,900		Beijing New Building Materials plc		131
	8,950		Beijing Oriental Yuhong Waterproof Technology Co Ltd		70
	56,800		Beijing Originwater Technology Co Ltd		70
	2,900		Beijing Shiji Information Technology Co Ltd		13
	1,600		Beijing Shunxin Agriculture Co Ltd		11
	17,800		Beijing Sinnet Technology Co Ltd		47
	3,100		Beijing Thunisoft Corp Ltd		9
	5,440		Beijing Tiantan Biological Products Corp Ltd		27
	7,000		Beijing Yanjing Brewery Co Ltd		8
	28,100		Beijing-Shanghai High Speed Railway Co Ltd		25
	1,300		Betta Pharmaceuticals Co Ltd		21
	1,200		BGI Genomics Co Ltd		23
	90,648	*,e	Bilibili, Inc (ADR)		9,705
	702,500		BOC Hong Kong Holdings Ltd		2,458
	82,400		BOE Technology Group Co Ltd		79
	146,000		Bosideng International Holdings Ltd		66
	136,000	†	Brilliance China Automotive Holdings Ltd		129
	279,900	g	Budweiser Brewing Co APAC Ltd		838
	4,500		BYD Co Ltd		114
	128,000		BYD Co Ltd (H shares)		2,770
	29,500	e	BYD Electronic International Co Ltd		174
	5,000		By-health Co Ltd		22
	3,200		C&S Paper Co Ltd		13
	13,100		Caitong Securities Co Ltd		22
	3,400	*,e,g	CanSino Biologics, Inc		129

195

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	339,000	g	CGN Power Co Ltd	$	82
	1,000		Chacha Food Co Ltd		7
	1,100		Changchun High & New Technology Industry Group, Inc		76
	8,500		Changjiang Securities Co Ltd		9
	500		Changzhou Xingyu Automotive Lighting Systems Co Ltd		14
	23,900		Chaozhou Three-Circle Group Co Ltd		153
	1,000		Chengdu Kanghong Pharmaceutical Group Co Ltd		4
	12,800	*	Chifeng Jilong Gold Mining Co Ltd		29
	3,100		China Aerospace Times Electronics Co Ltd		3
	67,000		China Aoyuan Group Ltd		72
	16,100		China Avionics Systems Co Ltd		37
	377,500	*,g	China Bohai Bank Co Ltd		169
	431,000		China Cinda Asset Management Co Ltd		90
	1,918,000		China Citic Bank		976
	154,000		China Communications Services Corp Ltd		69
	64,000		China Conch Venture Holdings Ltd		302
	76,700		China Construction Bank Corp		86
	19,028,000		China Construction Bank Corp (Hong Kong)		16,039
	21,500	g	China East Education Holdings Ltd		47
	19,900		China Eastern Airlines Corp Ltd		17
	30,000		China Education Group Holdings Ltd		54
	460,900		China Everbright Bank Co Ltd		287
	800,000		China Everbright Bank Co Ltd (Hong Kong)		349
	155,555		China Everbright International Ltd		106
	42,000		China Everbright Ltd		55
	364,000	e	China Evergrande Group		695
	55,000	g	China Feihe Ltd		156
	1,300		China Film Co Ltd		3
	11,043		China Fortune Land Development Co Ltd		11
	171,000		China Galaxy Securities Co Ltd		106
	10,900		China Galaxy Securities Co Ltd (Class A)		17
	117,200		China Gas Holdings Ltd		481
	23,300		China Gezhouba Group Co Ltd		27
	9,700		China Great Wall Securities Co Ltd		16
	28,900		China Greatwall Technology Group Co Ltd		66
	388,500		China Hongqiao Group Ltd		520
	437,000	g	China Huarong Asset Management Co Ltd		57
	336,200		China Insurance International Holdings Co Ltd		688
	62,400	*,e,g	China International Capital Corp Ltd		152
	12,800	*	China International Capital Corp Ltd		97
	61,500		China International Travel Service Corp Ltd		2,885
	198,000		China Jinmao Holdings Group Ltd		80
	7,900		China Jushi Co Ltd		23
	51,000		China Lesso Group Holdings Ltd		110
	1,490,000		China Life Insurance Co Ltd		3,097
	37,900		China Life Insurance Co Ltd (Class A)		185
	14,200	*,e,g	China Literature Ltd		141
	158,000		China Longyuan Power Group Corp		216
	58,000		China Medical System Holdings Ltd		115
	834,000		China Meidong Auto Holdings Ltd		3,873
	531,000		China Mengniu Dairy Co Ltd		3,059
	800,000		China Merchants Bank Co Ltd		6,129
	243,400		China Merchants Bank Co Ltd (Class A)		1,904
	109,100		China Merchants Energy Shipping Co Ltd		87

196

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	91,426		China Merchants Holdings International Co Ltd	$	141
	7,100		China Merchants Property Operation & Service Co Ltd		21
	81,620		China Merchants Securities Co Ltd		245
	18,200		China Merchants Shekou Industrial Zone Holdings Co Ltd		34
	488,000		China Minsheng Banking Corp Ltd		376
	1,234,800		China Minsheng Banking Corp Ltd (Hong Kong)		717
	714,000		China Molybdenum Co Ltd		436
	54,600		China Molybdenum Co Ltd (Class A)		44
	100		China National Accord Medicines Corp Ltd		1
	194,000		China National Building Material Co Ltd		281
	7,900		China National Chemical Engineering Co Ltd		8
	1,500		China National Medicines Corp Ltd		8
	40,600		China National Nuclear Power Co Ltd		34
	1,100		China National Software & Service Co Ltd		9
	45,900	*	China Northern Rare Earth Group High-Tech Co Ltd		135
	374,000		China Oilfield Services Ltd		387
	632,435		China Overseas Land & Investment Ltd		1,653
	45,000		China Overseas Property Holdings Ltd		42
	85,200		China Pacific Insurance Group Co Ltd		494
	554,400		China Pacific Insurance Group Co Ltd (Hong Kong)		2,194
	309,000		China Power International Development Ltd		72
	73,600		China Railway Group Ltd		66
	203,000		China Railway Group Ltd (Hong Kong)		108
	598,000		China Resources Beer Holdings Company Ltd		4,713
	109,999		China Resources Cement Holdings Ltd		124
	38,000		China Resources Gas Group Ltd		211
	593,836		China Resources Land Ltd		2,894
	74,500	g	China Resources Pharmaceutical Group Ltd		47
	118,000		China Resources Power Holdings Co		157
	1,800		China Resources Sanjiu Medical & Pharmaceutical Co Ltd		7
	79,600		China Shenhua Energy Co Ltd		245
	722,500		China Shenhua Energy Co Ltd (Hong Kong)		1,494
	45,900	*	China Shipbuilding Industry Co Ltd		29
	3,300		China South Publishing & Media Group Co Ltd		5
	70,000	*,e	China Southern Airlines Co Ltd		52
	20,400	*	China Southern Airlines Co Ltd (Class A)		21
	104,300		China State Construction Engineering Corp Ltd		83
	102,000		China State Construction International Holdings Ltd		70
	1,670,000	g	China Tower Corp Ltd		248
	14,400		China TransInfo Technology Co Ltd		35
	783,700		China Vanke Co Ltd		3,080
	111,600		China Vanke Co Ltd (Class A)		512
	46,200		China Yangtze Power Co Ltd		151
	50,000	g	China Yuhua Education Corp Ltd		39
	37,200		China Zheshang Bank Co Ltd		23
	1,700		Chongqing Brewery Co Ltd		29
	9,700	*	Chongqing Changan Automobile Co Ltd		21
	3,500		Chongqing Fuling Zhacai Group Co Ltd		23
	120,000		Chongqing Rural Commercial Bank		52
	186,600		Chongqing Rural Commercial Bank Co Ltd		121
	4,300		Chongqing Zhifei Biological Products Co Ltd		114
	600,535		CIFI Holdings Group Co Ltd		584
	281,000		Citic Pacific Ltd		267
	118,500	e	CITIC Securities Co Ltd		274

197

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	124,100		CITIC Securities Co Ltd (Class A)	$	454
	1,956,000		Cofco International Ltd		829
	25,300		Contemporary Amperex Technology Co Ltd		1,257
	114,445		COSCO Pacific Ltd		84
	86,600		COSCO SHIPPING Energy Transportation Co Ltd		88
	125,000	*	COSCO SHIPPING Holdings Co Ltd		162
	114,100	*	COSCO SHIPPING Holdings Co Ltd (Class A)		237
	1,453,000		Country Garden Holdings Co Ltd		1,870
	255,000		Country Garden Services Holdings Co Ltd		2,599
	33,200		CSC Financial Co Ltd		162
	400,880		CSPC Pharmaceutical Group Ltd		487
	2,490		Da An Gene Co Ltd of Sun Yat-Sen University		12
	85,000	g	Dali Foods Group Co Ltd		48
	95,500		Daqin Railway Co Ltd		102
	10,200	*,e	Daqo New Energy Corp (ADR)		770
	1,700		DaShenLin Pharmaceutical Group Co Ltd		22
	10,400		DHC Software Co Ltd		12
	1,500		Dong-E-E-Jiao Co Ltd		9
	41,400		Dongfang Electric Corp Ltd		81
	136,000		Dongfeng Motor Group Co Ltd		127
	11,300		Dongxing Securities Co Ltd		19
	6,200	*	DouYu International Holdings Ltd (ADR)		65
	31,600		East Group Co Ltd		31
	103,660		East Money Information Co Ltd		434
	4,100	*	Ecovacs Robotics Co Ltd		86
	36,300		ENN Energy Holdings Ltd		586
	5,370		Eve Energy Co Ltd		62
	134,000		Ever Sunshine Lifestyle Services Group Ltd		339
	11,600		Everbright Securities Co Ltd		29
	60,943	*	Fangda Carbon New Material Co Ltd		76
	74,000		Far East Horizon Ltd		89
	8,500	*	FAW Jiefang Group Co Ltd		14
	18,600		Fiberhome Telecommunication Technologies Co Ltd		52
	13,400		Financial Street Holdings Co Ltd		14
	16,500		First Capital Securities Co Ltd		19
	189,400		Focus Media Information Technology Co Ltd		269
	8,460		Foshan Haitian Flavouring & Food Co Ltd		207
	522,500		Fosun International		734
	28,200	*	Founder Securities Co Ltd		38
	4,278,800		Foxconn Industrial Internet Co Ltd		9,413
	500		Fu Jian Anjoy Foods Co Ltd		16
	3,300		Fujian Sunner Development Co Ltd		13
	4,400		Fuyao Glass Industry Group Co Ltd		31
	25,200	g	Fuyao Glass Industry Group Co Ltd (Hong Kong)		150
	2,600		Ganfeng Lithium Co Ltd		38
	200		G-bits Network Technology Xiamen Co Ltd		11
	94,100	*	GCL System Integration Technology Co Ltd		48
	1,283,271	*	GDS Holdings Ltd (ADR)		104,060
	1,826,000		Geely Automobile Holdings Ltd		4,697
	57,300		GEM Co Ltd		75
	11,300		Gemdale Corp		21
	50,000	*	Genscript Biotech Corp		89
	55,600		GF Securities Co Ltd		85
	12,700		GF Securities Co Ltd (Class A)		30

198

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	4,300		Giant Network Group Co Ltd	$	10
	5,680		Gigadevice Semiconductor Beijing, Inc		149
	10,200		GoerTek, Inc		43
	561,000	*,e	GOME Electrical Appliances Holdings Ltd		104
	3,500	*	Gotion High-tech Co Ltd		19
	4,800		Great Wall Motor Co Ltd		22
	383,000		Great Wall Motor Co Ltd		1,071
	16,600		Greenland Holdings Corp Ltd		14
	39,000	e	Greentown China Holdings Ltd		50
	266,000		Greentown Service Group Co Ltd		405
	33,400		GRG Banking Equipment Co Ltd		58
	3,500	*,e	GSX Techedu, Inc (ADR)		119
	5,800		Guangdong Haid Group Co Ltd		69
	15,800	*	Guangdong HEC Technology Holding Co Ltd		12
	6,500		Guangdong Hongda Blasting Co Ltd		31
	132,000		Guangdong Investments Ltd		216
	3,300		Guangdong Kinlong Hardware Products Co Ltd		84
	1,700		Guangdong Xinbao Electrical Appliances Holdings Co Ltd		9
	210,700	*	Guanghui Energy Co Ltd		100
	138,000		Guangzhou Automobile Group Co Ltd (Hong Kong)		116
	3,500		Guangzhou Baiyun International Airport Co Ltd		7
	2,100		Guangzhou Baiyunshan Pharmaceutical Holdings Co Ltd		9
	46,800		Guangzhou Haige Communications Group, Inc Co		72
	3,600		Guangzhou Kingmed Diagnostics Group Co Ltd		70
	95,600		Guangzhou R&F Properties Co Ltd		126
	6,795		Guangzhou Shiyuan Electronic Technology Co Ltd		135
	6,000		Guangzhou Tinci Materials Technology Co Ltd		75
	700		Guangzhou Wondfo Biotech Co Ltd		9
	7,400		Guangzhou Yuexiu Financial Holdings Group Co Ltd		16
	3,900	*	Guolian Securities Co Ltd		9
	9,300		Guosen Securities Co Ltd		17
	89,400		Guotai Junan Securities Co Ltd		222
	9,390		Guoyuan Securities Co Ltd		11
	236,000	e,g	Haidilao International Holding Ltd		1,619
	390,800	*	Haier Smart Home Co Ltd		1,575
	14,700		Haier Smart Home Co Ltd		70
	133,000		Haitian International Holdings Ltd		531
	136,800		Haitong Securities Co Ltd		127
	114,100		Haitong Securities Co Ltd (Class A)		193
	7,700		Hangzhou First Applied Material Co Ltd		101
	2,130		Hangzhou Robam Appliances Co Ltd		12
	15,800		Hangzhou Silan Microelectronics Co Ltd		59
	275,400		Hangzhou Tigermed Consulting Co Ltd		6,345
	26,500	*,g	Hangzhou Tigermed Consulting Co Ltd (Hong Kong)		528
	256,000	*,g	Hansoh Pharmaceutical Group Co Ltd		1,228
	8,500		Hefei Meiya Optoelectronic Technology, Inc		55
	5,100		Heilongjiang Agriculture Co Ltd		12
	7,600		Henan Shuanghui Investment & Development Co Ltd		48
	27,000		Hengan International Group Co Ltd		178
	64,380		Hengli Petrochemical Co Ltd		289
	37,900		Hengtong Optic-electric Co Ltd		71
	38,030		Hengyi Petrochemical Co Ltd		85
	343,400	*	Hesteel Co Ltd		124
	1,400		Hithink RoyalFlush Information Network Co Ltd		26

199

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	2,700		Hongfa Technology Co Ltd	$	20
	10,260		Hopewell Highway Infrastructure Ltd		4
	144,000		Hopson Development Holdings Ltd		519
	23,000	*,g	Hua Hong Semiconductor Ltd		127
	13,200		Huaan Securities Co Ltd		13
	74,800		Huadian Power International Corp Ltd (Class A)		42
	5,640		Huadong Medicine Co Ltd		32
	10,500		Huagong Tech Co Ltd		33
	5,860		Hualan Biological Engineering, Inc		36
	52,100		Huaneng Power International, Inc		35
	232,000		Huaneng Power International, Inc (Hong Kong)		83
	88,200	g	Huatai Securities Co Ltd		135
	84,300		Huatai Securities Co Ltd (Class A)		219
	11,400		Huaxi Securities Co Ltd		17
	49,900		Huaxia Bank Co Ltd		49
	3,500		Huaxin Cement Co Ltd		13
	5,300		Huayu Automotive Systems Co Ltd		22
	109,160	*	Huazhu Group Ltd (ADR)		5,993
	105,800		Hubei Biocause Pharmaceutical Co Ltd		67
	3,800		Hubei Jumpcan Pharmaceutical Co Ltd		12
	4,700		Humanwell Healthcare Group Co Ltd		22
	121,300		Hunan Valin Steel Co Ltd		130
	9,663		Hundsun Technologies, Inc		125
	242,900	*,e	HUYA, Inc (ADR)		4,732
	634,269	*	iClick Interactive Asia Group Ltd (ADR)		7,465
	9,300		Iflytek Co Ltd		69
	719,300		Industrial & Commercial Bank of China Ltd		608
	11,912,000		Industrial & Commercial Bank of China Ltd (Hong Kong)		8,568
	243,800		Industrial Bank Co Ltd		898
	17,100		Industrial Securities Co Ltd		22
	4,400	*	Ingenic Semiconductor Co Ltd		41
	639,300	*	Inner Mongolia BaoTou Steel Union Co Ltd		152
	14,600		Inner Mongolia First Machinery Group Co Ltd		22
	116,300		Inner Mongolia Junzheng Energy & Chemical Industry Group Co Ltd		94
	17,900		Inner Mongolia Yili Industrial Group Co Ltd		110
	290,000	*,g	Innovent Biologics, Inc		2,966
	2,600		Inspur Electronic Information Industry Co Ltd		11
	3,400		Intco Medical Technology Co Ltd		84
	51,356	*	IQIYI, Inc (ADR)		854
	11,800	*	JA Solar Technology Co Ltd		52
	2,160		Jafron Biomedical Co Ltd		25
	1,700		Jason Furniture Hangzhou Co Ltd		21
	58,500	*,e,g	JD Health International, Inc		851
	490,591	*	JD.com, Inc (ADR)		41,372
	5,100		Jiangsu Changshu Rural Commercial Bank Co Ltd		6
	58,000		Jiangsu Express		72
	14,704		Jiangsu Hengli Hydraulic Co Ltd		202
	15,652		Jiangsu Hengrui Medicine Co Ltd		221
	3,500		Jiangsu King’s Luck Brewery JSC Ltd		26
	29,699		Jiangsu Shagang Co Ltd		41
	3,600		Jiangsu Yanghe Brewery Joint-Stock Co Ltd		91
	3,000		Jiangsu Yangnong Chemical Co Ltd		55
	2,500		Jiangsu Yuyue Medical Equipment & Supply Co Ltd		10

200

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	14,300		Jiangsu Zhongnan Construction Group Co Ltd	$	15
	38,900		Jiangsu Zhongtian Technology Co Ltd		68
	257,000		Jiangxi Copper Co Ltd		494
	24,358		Jiangxi Copper Co Ltd (Class A)		83
	8,800		Jiangxi Zhengbang Technology Co Ltd		20
	2,700		Jilin Aodong Pharmaceutical Group Co Ltd		7
	17,700		Jinke Properties Group Co Ltd		18
	252,000	e,g	Jinxin Fertility Group Ltd		545
	5,200		Jinyu Bio-Technology Co Ltd		15
	900		JiuGui Liquor Co Ltd		21
	131,000	*,e,g	Jiumaojiu International Holdings Ltd		525
	2,200		Joincare Pharmaceutical Group Industry Co Ltd		4
	5,800	*	Jointown Pharmaceutical Group Co Ltd		16
	2,700		Jonjee Hi-Tech Industrial And Commercial Holding Co Ltd		20
	1,800		Joyoung Co Ltd		8
	2,800		JOYY, Inc (ADR)		262
	2,000		Juewei Food Co Ltd		24
	139,000	e	Kaisa Group Holdings Ltd		69
	150,398	*	KE Holdings, Inc (ADR)		8,570
	28,500		Kingboard Chemical Holdings Ltd		154
	477,000		Kingdee International Software Group Co Ltd		1,496
	30,900		Kingfa Sci & Tech Co Ltd		103
	11,000	*	Kingsoft Cloud Holdings Ltd (ADR)		433
	175,000	e	Kingsoft Corp Ltd		1,170
	19,000	*,e,g	Koolearn Technology Holding Ltd		43
	170,800	*,g	Kuaishou Technology		5,932
	5,100	*	Kuang-Chi Technologies Co Ltd		16
	20,900		Kweichow Moutai Co Ltd		6,428
	62,564		KWG Group Holdings Ltd		108
	10,400		Lakala Payment Co Ltd		48
	1,060		Laobaixing Pharmacy Chain JSC		11
	289,000		Lee & Man Paper Manufacturing Ltd		266
	338,000		Lenovo Group Ltd		482
	58,700		Lens Technology Co Ltd		236
	99,200		Leo Group Co Ltd		45
	1,300		Lepu Medical Technology Beijing Co Ltd		6
	34,400		Leyard Optoelectronic Co Ltd		38
	36,200	*,e	Li Auto, Inc (ADR)		905
	359,000		Li Ning Co Ltd		2,349
	3,300		Liaoning Cheng Da Co Ltd		10
	81,900		Lingyi iTech Guangdong Co		103
	700		Livzon Pharmaceutical Group, Inc		4
	268,000		Logan Property Holdings Co Ltd		453
	18,100		Lomon Billions Group Co Ltd		80
	329,500	g	Longfor Properties Co Ltd		2,185
	45,060		LONGi Green Energy Technology Co Ltd		610
	19,400		Luenmei Quantum Co Ltd		31
	33,801	*,e	Lufax Holding Ltd		491
	85,709		Luxshare Precision Industry Co Ltd		445
	16,200		Luzhou Laojiao Co Ltd		560
	4,100		Maccura Biotechnology Co Ltd		25
	5,290		Mango Excellent Media Co Ltd		47
	1,600		Maxscend Microelectronics Co Ltd		150

201

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	12,300	*	Meinian Onehealth Healthcare Holdings Co Ltd	$	29
	674,400	*,g	Meituan Dianping (Class B)		26,318
	69,300		Metallurgical Corp of China Ltd		36
	160,000	e	Microport Scientific Corp		908
	8,400		Midea Group Co Ltd		106
	79,000	*,e	Ming Yuan Cloud Group Holdings Ltd		365
	148,000		Minth Group Ltd		620
	6,900		Momo, Inc (ADR)		102
	11,160		Muyuan Foodstuff Co Ltd		171
	6,000		NanJi E-Commerce Co Ltd		8
	1,530		Nanjing King-Friend Biochemical Pharmaceutical Co Ltd		9
	10,600		Nanjing Securities Co Ltd		16
	60,000		NARI Technology Co Ltd		286
	5,300		NAURA Technology Group Co Ltd		117
	3,500		NavInfo Co Ltd		8
	19,200		NetEase, Inc		1,983
	28,600		New China Life Insurance Co Ltd		213
	173,300		New China Life insurance Co Ltd (Hong Kong)		673
	10,300		New Hope Liuhe Co Ltd		32
	295,111	*	New Oriental Education & Technology Group (ADR)		4,132
	922,000		Nexteer Automotive Group Ltd		1,140
	12,100		Ninestar Corp		46
	3,500		Ningbo Joyson Electronic Corp		10
	2,200		Ningbo Tuopu Group Co Ltd		11
	247,147	*	NIO, Inc (ADR)		9,634
	1,500	*	Noah Holdings Ltd (ADR)		67
	68,600	*,e,g	Nongfu Spring Co Ltd		346
	5,300		Northeast Securities Co Ltd		7
	5,800		Oceanwide Holdings Co Ltd		2
	3,759		Offcn Education Technology Co Ltd		16
	119,400		Offshore Oil Engineering Co Ltd		83
	10,800		OFILM Group Co Ltd		14
	1,640		Oppein Home Group, Inc		40
	17,800		Orient Securities Co Ltd		24
	8,400		Oriental Pearl Group Co Ltd		12
	2,150		Ovctek China, Inc		30
	9,800	*	Pacific Securities Co Ltd		5
	136,700	*	Pangang Group Vanadium Titanium & Resources Co Ltd		46
	1,781,000		People’s Insurance Co Group of China Ltd		579
	105,100		People’s Insurance Co Group of China Ltd (Class A)		95
	4,300		Perfect World Co Ltd		13
	26,800	g	Pharmaron Beijing Co Ltd		509
	1,446,000		PICC Property & Casualty Co Ltd		1,258
	148,552	*	Pinduoduo, Inc (ADR)		19,888
	227,200		Ping An Bank Co Ltd		765
	26,100	*,e,g	Ping An Healthcare and Technology Co Ltd		329
	5,873,203		Ping An Insurance Group Co of China Ltd		70,251
	125,800		Ping An Insurance Group Co of China Ltd (Class A)		1,515
	8,600	e	Poly Property Development Co Ltd		60
	28,900		Poly Real Estate Group Co Ltd		63
	64,000		Postal Savings Bank of China Co Ltd		57
	2,015,000	g	Postal Savings Bank of China Co Ltd		1,510
	38,500		Power Construction Corp of China Ltd		24
	300		Proya Cosmetics Co Ltd		7

202

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	1,700		Qianhe Condiment and Food Co Ltd	$	10
	9,800		Qingdao Rural Commercial Bank Corp		7
	11,900		RiseSun Real Estate Development Co Ltd		12
	27,230	*,e	RLX Technology, Inc (ADR)		282
	65,200		Rongsheng Petro Chemical Co Ltd		275
	19,100		SAIC Motor Corp Ltd		58
	59,800		Sanan Optoelectronics Co Ltd		214
	4,300		Sangfor Technologies, Inc		163
	1,500		Sanquan Food Co Ltd		5
	98,300		Sany Heavy Industry Co Ltd		515
	9,800		SDIC Capital Co Ltd		18
	21,400		SDIC Power Holdings Co Ltd		32
	11,600		Sealand Securities Co Ltd		8
	98,000		Seazen Group Ltd		120
	5,000		Seazen Holdings Co Ltd		37
	11,800		SF Holding Co Ltd		147
	1,600		SG Micro Corp		57
	122,300		Shaanxi Coal Industry Co Ltd		207
	1,770		Shandong Buchang Pharmaceuticals Co Ltd		6
	49,220		Shandong Gold Mining Co Ltd		161
	145,750	e,g	Shandong Gold Mining Co Ltd		275
	19,500		Shandong Hualu Hengsheng Chemical Co Ltd		112
	2,600		Shandong Linglong Tyre Co Ltd		19
	144,400		Shandong Nanshan Aluminum Co Ltd		76
	2,500		Shandong Pharmaceutical Glass Co Ltd		15
	10,100		Shandong Sinocera Functional Material Co Ltd		66
	4,000		Shandong Sun Paper Industry JSC Ltd		10
	108,000		Shandong Weigao Group Medical Polymer Co Ltd		214
	1,200		Shanghai Bairun Investment Holding Group Co Ltd		20
	1,700		Shanghai Baosight Software Co Ltd		15
	12,800		Shanghai Construction Group Co Ltd		6
	180,900	*	Shanghai Electric Group Co Ltd		153
	17,700		Shanghai Electric Power Co Ltd		21
	5,800		Shanghai Fosun Pharmaceutical Group Co Ltd		35
	105,000	e	Shanghai Fosun Pharmaceutical Group Co Ltd (Hong Kong)		449
	3,600		Shanghai International Airport Co Ltd		32
	22,400		Shanghai International Port Group Co Ltd		16
	1,400		Shanghai Jahwa United Co Ltd		10
	2,000		Shanghai Jinjiang International Hotels Development Co Ltd		17
	8,300		Shanghai Lingang Holdings Corp Ltd		23
	274,269		Shanghai Lujiazui Finance & Trade Zone Development Co Ltd		242
	3,400		Shanghai M&G Stationery, Inc		44
	4,800		Shanghai Pharmaceuticals Holding Co Ltd		14
	32,600		Shanghai Pharmaceuticals Holding Co Ltd (Hong Kong)		64
	345,900		Shanghai Pudong Development Bank Co Ltd		581
	5,600		Shanghai Putailai New Energy Technology Co Ltd		82
	26,800		Shanghai RAAS Blood Products Co Ltd		31
	6,800		Shanghai Yuyuan Tourist Mart Group Co Ltd		11
	4,100		Shanghai Zhangjiang High-Tech Park Development Co Ltd		10
	86,679		Shanxi Lu’an Environmental Energy Development Co Ltd		81

203

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	67,500	*	Shanxi Meijin Energy Co Ltd	$	74
	13,030		Shanxi Securities Co Ltd		14
	143,100		Shanxi Taigang Stainless Steel Co Ltd		100
	2,400		Shanxi Xinghuacun Fen Wine Factory Co Ltd		123
	112,770		Shanxi Xishan Coal & Electricity Power Co Ltd		86
	95,600		Shenergy Co Ltd		91
	27,500		Shengyi Technology Co Ltd		96
	4,680		Shennan Circuits Co Ltd		63
	270,000		Shenwan Hongyuan Group Co Ltd		192
	800		Shenzhen Airport Co Ltd		1
	4,100		Shenzhen Capchem Technology Co Ltd		48
	18,000		Shenzhen Energy Group Co Ltd		31
	6,900		Shenzhen Goodix Technology Co Ltd		119
	2,100		Shenzhen Hepalink Pharmaceutical Group Co Ltd		5
	19,700		Shenzhen Inovance Technology Co Ltd		258
	48,985		Shenzhen International Holdings Ltd		82
	142,776		Shenzhen Investment Ltd		50
	13,700		Shenzhen Kaifa Technology Co Ltd		40
	1,700		Shenzhen Kangtai Biological Products Co Ltd		36
	120,761		Shenzhen Mindray Bio-Medical Electronics Co Ltd		7,395
	9,100	*	Shenzhen MTC Co Ltd		7
	19,400		Shenzhen Overseas Chinese Town Co Ltd		30
	2,200		Shenzhen Salubris Pharmaceuticals Co Ltd		13
	2,900		Shenzhen SC New Energy Technology Corp		48
	13,800		Shenzhen Sunway Communication Co Ltd		60
	187,300		Shenzhou International Group Holdings Ltd		3,918
	2,200		Shijiazhuang Yiling Pharmaceutical Co Ltd		8
	233,000		Shimao Property Holdings Ltd		736
	7,500	*	Siasun Robot & Automation Co Ltd		13
	27,000		Sichuan Chuantou Energy Co Ltd		52
	3,700		Sichuan Kelun Pharmaceutical Co Ltd		13
	1,300		Sichuan Swellfun Co Ltd		14
	236,400		Silergy Corp		19,499
	6,400		Sinolink Securities Co Ltd		13
	17,200		Sinoma Science & Technology Co Ltd		62
	192,000		Sinopec Shanghai Petrochemical Co Ltd (Class A)		104
	65,600		Sinopharm Group Co		159
	8,100		Sinotrans Ltd (Class A)		5
	144,000		Sinotruk Hong Kong Ltd		434
	1,800		Skshu Paint Co Ltd		55
	104,000	*,g	Smoore International Holdings Ltd		640
	13,400		Songcheng Performance Development Co Ltd		44
	11,340		SooChow Securities Co Ltd		17
	12,100		Southwest Securities Co Ltd		9
	2,000		Spring Airlines Co Ltd		18
	7,500		STO Express Co Ltd		11
	97,000	e	Sun Art Retail Group Ltd		80
	481,000		Sunac China Holdings Ltd		2,069
	17,500		Sungrow Power Supply Co Ltd		193
	33,200		Suning.com Co Ltd		35
	32,600		Sunny Optical Technology Group Co Ltd		749
	3,700		Sunwoda Electronic Co Ltd		11
	1,200		Suofeiya Home Collection Co Ltd		6
	23,100		Suzhou Dongshan Precision Manufacturing Co Ltd		65

204

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	6,600		Suzhou Gold Mantis Construction Decoration Co Ltd	$	10
	73,203	*	TAL Education Group (ADR)		3,942
	10,000		Tangshan Jidong Cement Co Ltd		24
	58,700		TBEA Co Ltd		101
	34,400		TCL Technology Group Corp		49
	4,137,400		Tencent Holdings Ltd		330,196
	18,500	*,e	Tencent Music Entertainment (ADR)		379
	4,100		Thunder Software Technology Co Ltd		77
	15,000		Tianfeng Securities Co Ltd		12
	2,700		Tianjin 712 Communication & Broadcasting Co Ltd		14
	2,500		Tianjin Chase Sun Pharmaceutical Co Ltd		2
	36,500		Tianjin Zhonghuan Semiconductor Co Ltd		158
	19,200		Tianma Microelectronics Co Ltd		41
	31,700		Tianshui Huatian Technology Co Ltd		57
	94,000		Tingyi Cayman Islands Holding Corp		173
	1,100		Toly Bread Co Ltd		8
	39,600	*	Tongcheng-Elong Holdings Ltd		90
	15,100	*	TongFu Microelectronics Co Ltd		45
	3,300		Tonghua Dongbao Pharmaceutical Co Ltd		6
	20,900		Tongkun Group Co Ltd		66
	81,900		Tongling Nonferrous Metals Group Co Ltd		34
	13,400		Tongwei Co Ltd		68
	900	*	Topchoice Medical Corp		35
	11,600	*	Topsec Technologies Group Inc		35
	6,926,912	g	Topsports International Holdings Ltd		10,329
	78,400		Transfar Zhilian Co Ltd		87
	43,000		Travelsky Technology Ltd		101
	22,900	*	Trip.com Group Ltd (ADR)		908
	76,000		Tsingtao Brewery Co Ltd		676
	2,600		Tsingtao Brewery Co Ltd (Class A)		34
	6,600		Unigroup Guoxin Microelectronics Co Ltd		108
	52,000		Uni-President China Holdings Ltd		63
	37,900		Unisplendour Corp Ltd		115
	21,900		Universal Scientific Industrial Shanghai Co Ltd		65
	20,800	*	Vipshop Holdings Ltd (ADR)		621
	29,300	*	Visionox Technology, Inc		42
	4,400		Walvax Biotechnology Co Ltd		30
	2,100		Wangfujing Group Co Ltd		10
	50,700		Wangsu Science & Technology Co Ltd		50
	36,700		Wanhua Chemical Group Co Ltd		595
	203,000		Want Want China Holdings Ltd		153
	2,400	*,e	Weibo Corp (ADR)		121
	92,000		Weichai Power Co Ltd		231
	14,100		Weichai Power Co Ltd (Class A)		42
	1,900		Weifu High-Technology Group Co Ltd		7
	6,100		Weihai Guangwei Composites Co Ltd		65
	314,000	*,e,g	Weimob, Inc		710
	16,440		Wens Foodstuffs Group Co Ltd		43
	9,000		Western Securities Co Ltd		12
	298,000		Wharf Holdings Ltd		791
	9,900		Will Semiconductor Ltd		391
	14,900		Wingtech Technology Co Ltd		224
	4,450		Winning Health Technology Group Co Ltd		11
	598,000		Winteam Pharmaceutical Group Ltd		374

205

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	2,300		Wuchan Zhongda Group Co Ltd	$	2
	17,520		Wuhan Guide Infrared Co Ltd		96
	6,500		Wuhu Shunrong Sanqi Interactive Entertainment Network Technology Co Ltd		22
	48,900		Wuhu Token Science Co Ltd		56
	87,400		Wuliangye Yibin Co Ltd		3,595
	21,200		WUS Printed Circuit Kunshan Co Ltd		54
	23,380		WuXi AppTec Co Ltd		503
	12,072	e,g	WuXi AppTec Co Ltd (Hong Kong)		238
	10,368,850	*,e,g	Wuxi Biologics Cayman, Inc		130,759
	3,500		Wuxi Lead Intelligent Equipment Co Ltd		42
	21,800		Wuxi Taiji Industry Co Ltd		28
	104,200		XCMG Construction Machinery Co Ltd		121
	81,900		Xiamen C & D, Inc		105
	1,000		Xiamen Intretech, Inc		10
	13,200		Xiamen Tungsten Co Ltd		37
	668,600	*,g	Xiaomi Corp		2,233
	800		Xinhu Zhongbao Co Ltd		0	^
	49,100		Xinjiang Goldwind Science & Technology Co Ltd		107
	164,200	e	Xinjiang Goldwind Science & Technology Co Ltd (Hong Kong)		312
	736,863		Xinyi Solar Holdings Ltd		1,221
	33,068	*	XPeng, Inc (ADR)		1,207
	44,000	g	Yadea Group Holdings Ltd		98
	2,200		Yango Group Co Ltd		2
	4,900		Yantai Eddie Precision Machinery Co Ltd		45
	16,600		Yantai Jereh Oilfield Services Group Co Ltd		89
	358,000		Yanzhou Coal Mining Co Ltd		425
	63,900		Yanzhou Coal Mining Co Ltd (Class A)		129
	200	*,e	Yatsen Holding Ltd (ADR)		2
	8,450		Yealink Network Technology Corp Ltd		88
	3,100		Yifan Pharmaceutical Co Ltd		10
	1,140		Yifeng Pharmacy Chain Co Ltd		15
	137,000		Yihai International Holding Ltd		1,429
	16,000	*	Yihai Kerry Arawana Holdings Co Ltd		192
	39,820		Yintai Gold Co Ltd		54
	23,600		Yonghui Superstores Co Ltd		25
	478,254		Yonyou Network Technology Co Ltd		2,619
	8,600		YTO Express Group Co Ltd		15
	4,000	*	Yuan Longping High-tech Agriculture Co Ltd		11
	300,000		Yuexiul Property Co Ltd		68
	300,680		Yum China Holdings, Inc		17,803
	10,280		Yunda Holding Co Ltd		22
	3,700		Yunnan Baiyao Group Co Ltd		68
	2,400		Yunnan Energy New Material Co Ltd		41
	15,600	*	Zai Lab Ltd (ADR)		2,082
	1,700		Zhangzhou Pientzehuang Pharmaceutical Co Ltd		75
	237,000		Zhaojin Mining Industry Co Ltd		217
	120,720	*	Zhejiang Century Huatong Group Co Ltd		132
	29,100		Zhejiang Chint Electrics Co Ltd		162
	42,600		Zhejiang Dahua Technology Co Ltd		161
	4,860		Zhejiang Dingli Machinery Co Ltd		72
	84,000		Zhejiang Expressway Co Ltd		75
	4,150		Zhejiang Huahai Pharmaceutical Co Ltd		16

206

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	12,610	*	Zhejiang Huayou Cobalt Co Ltd	$	134
	14,200		Zhejiang Jingsheng Mechanical & Electrical Co Ltd		72
	47,000		Zhejiang Juhua Co Ltd		66
	49,300		Zhejiang Longsheng Group Co Ltd		109
	6,100		Zhejiang NHU Co Ltd		36
	13,990		Zhejiang Sanhua Intelligent Controls Co Ltd		44
	6,000		Zhejiang Semir Garment Co Ltd		9
	1,200		Zhejiang Supor Co Ltd		13
	18,600		Zhejiang Weixing New Building Materials Co Ltd		72
	1,000		Zhejiang Wolwo Bio-Pharmaceutical Co Ltd		9
	7,600		Zhengzhou Yutong Bus Co Ltd		17
	59,000		Zhenro Properties Group Ltd		42
	12,000		Zheshang Securities Co Ltd		24
	79,400	*,e,g	ZhongAn Online P&C Insurance Co Ltd		484
	4,900		Zhongji Innolight Co Ltd		26
	65,500		Zhongjin Gold Corp Ltd		84
	25,500		Zhongsheng Group Holdings Ltd		181
	7,700	*	Zhongtian Financial Group Co Ltd		3
	25,300		Zhuzhou CSR Times Electric Co Ltd		95
	1,160,000		Zijin Mining Group Co Ltd		1,435
	221,500		Zijin Mining Group Co Ltd (Class A)		329
	72,200		Zoomlion Heavy Industry Science and Technology Co Ltd		104
	83,400		Zoomlion Heavy Industry Science and Technology Co Ltd		163
	53,900		ZTE Corp		243
	35,400	e	ZTE Corp (Class H)		90
	18,846		ZTO Express Cayman, Inc (ADR)		549
			TOTAL CHINA		1,258,874
COLOMBIA - 0.0%
	9,311		BanColombia S.A.		73
	88,080		BanColombia S.A. (Preference)		702
	1,151,179		Ecopetrol S.A.		744
	10,642		Grupo de Inversiones Suramericana S.A.		63
	78,309		Interconexion Electrica S.A.		481
			TOTAL COLOMBIA		2,063
CZECH REPUBLIC - 0.0%
	7,804		CEZ AS		193
	3,396		Komercni Banka AS		105
	769,422	g	Moneta Money Bank AS		2,867
			TOTAL CZECH REPUBLIC		3,165
DENMARK - 0.5%
	102,764		Carlsberg AS (Class B)		15,760
	16,504		Coloplast AS		2,481
	28,829	*	Genmab AS		9,482
	617,006		Novo Nordisk AS		41,576
	404,194	g	Orsted AS		65,263
			TOTAL DENMARK		134,562
EGYPT - 0.0%
	843,351		Commercial International Bank		3,101
	42,396		Eastern Tobacco		31
	31,810		ElSewedy Electric Co		18
			TOTAL EGYPT		3,150

207

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
FINLAND - 0.4%
	946,783		Neste Oil Oyj	$	50,280
	899,547	*	Nordea Bank Abp		8,874
	787,952	*	Nordea Bank Abp		7,769
	325,715		Sampo Oyj (A Shares)		14,687
	83,275		Stora Enso Oyj (R Shares)		1,553
	651,279	e	Wartsila Oyj (B Shares)		6,827
			TOTAL FINLAND		89,990
FRANCE - 3.5%
	309,713		Accor S.A.		11,669
	47,628		Air Liquide		7,776
	1,051,125		Airbus SE		119,216
	1,317,242		BNP Paribas S.A.		80,259
	293,250		Cap Gemini S.A.		49,860
	495,565		Compagnie de Saint-Gobain		29,264
	629,538		Credit Agricole S.A.		9,117
	259,661		Danone		17,773
	339,603		Dassault Systemes S.A.		72,586
	102,225		Electricite de France		1,371
	328,831		Engie S.A.		4,671
	223,298		Essilor International S.A.		36,377
	6,372		Gecina S.A.		877
	8,705		Icade		636
	124,333		Kering		85,797
	158,376		L’Oreal S.A.		60,671
	49,393		LVMH Moet Hennessy Louis Vuitton S.A.		32,992
	99,010		Michelin (C.G.D.E.) (Class B)		14,829
	331,565		Orange S. A.		4,080
	8,389		Pernod-Ricard S.A.		1,570
	216,371		Sanofi-Aventis		21,396
	12,153		Sartorius Stedim Biotech		5,002
	782,392		Schneider Electric S.A.		119,186
	68,718		Suez Environnement S.A.		1,455
	135,903		Teleperformance		49,550
	77,382	e	Total S.A.		3,608
	1,200,225		Valeo S.A.		40,720
	93,476		Veolia Environnement		2,398
			TOTAL FRANCE		884,706
GERMANY - 2.7%
	58,609		Adidas-Salomon AG.		18,309
	47,878		Allianz AG.		12,178
	477,984		Aroundtown S.A.		3,404
	89,407		BASF SE		7,430
	475,439		Bayer AG.		30,130
	137,659		Beiersdorf AG.		14,545
	634,753	*	Borussia Dortmund GmbH & Co KGaA		4,041
	62,934	g	Covestro AG.		4,234
	31,112	*,g	Delivery Hero AG.		4,033
	79,663		Deutsche Annington Immobilien SE		5,206
	98,494		Deutsche Boerse AG.		16,367

208

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	637,328		Deutsche Telekom AG.	$	12,844
	63,730		Deutsche Wohnen AG.		2,973
	406,428		E.ON AG.		4,736
	945,193		HeidelbergCement AG.		85,878
	231,991	*	HelloFresh SE		17,285
	35,072		Henkel KGaA		3,475
	3,361,503		Infineon Technologies AG.		143,024
	157,975	*,e,g	Just Eat Takeaway.com NV		14,536
	11,152		LEG Immobilien AG.		1,467
	21,716		Merck KGaA		3,715
	1,118	*	OSRAM Licht AG.		70
	649,722	*	Paion AG.		1,518
	2,313,204		RWE AG.		90,774
	1,054,396		Siemens AG.		173,249
	119,144	g	Siemens Healthineers AG.		6,458
	295,062	*,g	TeamViewer AG.		12,619
			TOTAL GERMANY		694,498
GREECE - 0.0%
	5,760	*,†	FF Group		0	^
	11,011		Hellenic Telecommunications Organization S.A.		177
	4,870		JUMBO S.A.		89
	9,216		OPAP S.A.		125
			TOTAL GREECE		391
HONG KONG - 0.4%
	2,295,900		AIA Group Ltd		28,094
	490,000	*	Alibaba Pictures Group Ltd		64
	249,000		Bank of East Asia Ltd		530
	204,000	*,e	Cathay Pacific Airways Ltd		191
	2,688,000	*	China Youzan Ltd		886
	100,230		CK Infrastructure Holdings Ltd		598
	310,500		CLP Holdings Ltd		3,023
	638,000		Hang Lung Properties Ltd		1,665
	145,200	e	Hang Seng Bank Ltd		2,820
	239,000		Henderson Land Development Co Ltd		1,079
	1,891,768		Hong Kong & China Gas Ltd		3,000
	229,712		Hong Kong Electric Holdings Ltd		1,360
	228,682		Hong Kong Exchanges and Clearing Ltd		13,567
	398,300	e	Hongkong Land Holdings Ltd		1,959
	3,100	*	Hutchison China MediTech Ltd (ADR)		88
	233,500		Kingboard Laminates Holdings Ltd		508
	239,000		Link REIT		2,181
	1,439,646	*	Melco Crown Entertainment Ltd (ADR)		28,663
	279,000	e	New World Development Co Ltd		1,449
	355,000	e	Nine Dragons Paper Holdings Ltd		522
	484,250		Sino Biopharmaceutical		486
	54,000		SSY Group Ltd		31
	242,000	e	Sun Hung Kai Properties Ltd		3,664
	14,000	e	Vinda International Holdings Ltd		47
	199,000		Wharf Real Estate Investment Co Ltd		1,119
			TOTAL HONG KONG		97,594

209

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
HUNGARY - 0.0%
	18,959	*	MOL Hungarian Oil & Gas plc	$	137
	233,411	*	OTP Bank		9,977
	76,373		Richter Gedeon Rt		2,252
			TOTAL HUNGARY		12,366
INDIA - 0.6%
	74,303	*	Adani Green Energy Ltd		1,127
	23,646	*	Adani Ports & Special Economic Zone Ltd		228
	29,464		Ambuja Cements Ltd		125
	16,432		Apollo Hospitals Enterprise Ltd		654
	62,048		Asian Paints Ltd		2,159
	15,166		Associated Cement Co Ltd		396
	144,110		Aurobindo Pharma Ltd		1,742
	63,568	*,g	Avenue Supermarts Ltd		2,491
	447,844	*	Axis Bank Ltd		4,299
	55,709	*	Bajaj Finance Ltd		3,944
	10,555	*	Bajaj Finserv Ltd		1,400
	3,482	*	Bajaj Holdings and Investment Ltd		175
	3,629		Balkrishna Industries Ltd		84
	142,250	*,g	Bandhan Bank Ltd		665
	17,600		Berger Paints India Ltd		185
	10,024	*	Bharat Forge Ltd		82
	713,133		Bharat Petroleum Corp Ltd		4,190
	796,487		Bharti Airtel Ltd		5,650
	17,321	*	Biocon Ltd		97
	39,235		Britannia Industries Ltd		1,951
	19,283	*	Cipla Ltd		215
	53,669		Coal India Ltd		96
	5,776		Colgate-Palmolive India Ltd		123
	12,583		Container Corp Of India Ltd		103
	34,982		Dabur India Ltd		259
	7,546	*	Divi S Laboratories Ltd		375
	28,152		DLF Ltd		111
	64,418		Dr Reddy’s Laboratories Ltd		3,985
	55,102	*	Eicher Motors Ltd		1,969
	71,906		GAIL India Ltd		134
	19,708	*	Godrej Consumer Products Ltd		197
	13,091		Grasim Industries Ltd		260
	11,358		Havells India Ltd		164
	221,605		HCL Technologies Ltd		2,987
	10,166	g	HDFC Asset Management Co Ltd		407
	157,239	*,g	HDFC Life Insurance Co Ltd		1,501
	20,093		Hero Honda Motors Ltd		803
	345,984		Hindalco Industries Ltd		1,556
	217,050		Hindustan Lever Ltd		7,239
	28,798		Hindustan Petroleum Corp Ltd		93
	344,930		Housing Development Finance Corp		11,852
	1,013,125	*	ICICI Bank Ltd		8,104
	42,692	g	ICICI Lombard General Insurance Co Ltd		839
	63,088	*,g	ICICI Prudential Life Insurance Co Ltd		385
	89,057		Indian Oil Corp Ltd		112
	18,163		Indraprastha Gas Ltd		128
	29,282		Indus Towers Ltd		98
	26,145	*	Info Edge India Ltd		1,536

210

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	678,294		Infosys Technologies Ltd	$	12,728
	3,943	*,g	InterGlobe Aviation Ltd		88
	13,729		Ipca Laboratories Ltd		358
	397,645		ITC Ltd		1,190
	39,262		JSW Steel Ltd		253
	14,106	*	Jubilant Foodworks Ltd		563
	114,451	*	Kotak Mahindra Bank Ltd		2,757
	9,719	g	Larsen & Toubro Infotech Ltd		540
	287,852		Larsen & Toubro Ltd		5,610
	9,140		Lupin Ltd		128
	153,239		Mahindra & Mahindra Ltd		1,675
	26,367		Marico Ltd		149
	33,951		Maruti Suzuki India Ltd		3,196
	63,315	*	Motherson Sumi Systems Ltd		175
	411		MRF Ltd		464
	5,123	*	Muthoot Finance Ltd		85
	5,003		Nestle India Ltd		1,177
	214,691		NTPC Ltd		314
	227		Page Industries Ltd		94
	32,100		Petronet LNG Ltd		99
	16,332		PI Industries Ltd		505
	9,050	*	Pidilite Industries Ltd		225
	4,885		Piramal Healthcare Ltd		118
	99,015		Power Grid Corp of India Ltd		293
	136,420		REC Ltd		246
	716,658		Reliance Industries Ltd		19,705
	74,894	*,g	SBI Life Insurance Co Ltd		905
	95,082		Sesa Sterlite Ltd		299
	450	*	Shree Cement Ltd		182
	39,044		Shriram Transport Finance Co Ltd		764
	4,282		Siemens India Ltd		108
	369,923	*	State Bank of India		1,853
	37,734		Sun Pharmaceutical Industries Ltd		309
	194,554		Tata Consultancy Services Ltd		8,477
	336,837	*	Tata Motors Ltd		1,400
	32,399		Tata Steel Ltd		361
	25,256		Tata Tea Ltd		221
	28,807		Tech Mahindra Ltd		392
	56,920		Titan Industries Ltd		1,217
	1,742		Torrent Pharmaceuticals Ltd		61
	7,110		Trent Ltd		73
	25,097		Ultra Tech Cement Ltd		2,319
	16,022	*	United Spirits Ltd		122
	21,961		UPL Ltd		194
	54,353		Wipro Ltd		308
	453,958	*	Yes Bank Ltd		97
	38,877		ZEE Telefilms Ltd		109
			TOTAL INDIA		149,781
INDONESIA - 0.1%
	3,629,500		Adaro Energy Tbk		294
	949,000		Astra International Tbk PT		346
	1,880,700		Bank Central Asia Tbk PT		4,028
	69,200,000	*	Bank Rakyat Indonesia		20,994

211

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	128,000		Indofood CBP Sukses Makmur Tbk	$	81
	1,368,400		Kalbe Farma Tbk PT		148
	1,821,900	*	Merdeka Copper Gold Tbk PT		271
	1,528,200		PT Aneka Tambang Tbk		238
	3,521,947		PT Bank Mandiri Persero Tbk		1,492
	1,461,900	*	PT Bank Negara Indonesia		577
	5,189,600	*	PT Barito Pacific Tbk		344
	1,342,000		PT Charoen Pokphand Indonesia Tbk		648
	20,000	*	PT Gudang Garam Tbk		50
	507,900		PT Indah Kiat Pulp and Paper Corp Tbk		366
	299,300		PT Indocement Tunggal Prakarsa Tbk		253
	174,300		PT Indofood Sukses Makmur Tbk		79
	2,797,300		PT Perusahaan Gas Negara Persero Tbk		254
	547,000		PT Semen Gresik Persero Tbk		393
	469,100		PT Unilever Indonesia Tbk		212
	320,200		PT United Tractors Tbk		488
	4,301,000		Sarana Menara Nusantara Tbk PT		326
	2,155,100		Telkom Indonesia Persero Tbk PT		509
			TOTAL INDONESIA		32,391
IRELAND - 0.8%
	6,202,711	*	AIB Group plc		16,273
	2,850,370		Bank of Ireland Group plc		14,076
	1,562,698		CRH plc		73,129
	155,193	*	Flutter Entertainment plc		33,157
	10,068,232		Hibernia REIT plc		13,035
	13,826		Kerry Group plc (Class A)		1,727
	509,386	*	Keywords Studios plc		18,076
	614,584		Smurfit Kappa Group plc		28,836
			TOTAL IRELAND		198,309
ISRAEL - 0.2%
	215,645	*	Bank Hapoalim Ltd		1,677
	275,920	*	Bank Leumi Le-Israel		1,818
	221,058	*	Israel Discount Bank Ltd		919
	342,424	*	Kornit Digital Ltd		33,941
	26,628	*	Mizrahi Tefahot Bank Ltd		694
			TOTAL ISRAEL		39,049
ITALY - 0.8%
	212,958		Amplifon S.p.A.		7,924
	3,148,999		Davide Campari-Milano NV		35,245
	9,248,841		Enel S.p.A.		92,002
	121,505	e	Ferrari NV		25,417
	2,507,251		Intesa Sanpaolo S.p.A.		6,794
	606,979	e	Moncler S.p.A		34,761
	1,715,281		Prada S.p.A		10,729
			TOTAL ITALY		212,872
JAPAN - 6.4%
	75,800		Acom Co Ltd		353
	279		Activia Properties Inc		1,226
	100		Aeon Mall Co Ltd		2
	26,073		Air Water, Inc		457

212

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	297,700		Aisin Seiki Co Ltd	$	11,338
	9,008	*	All Nippon Airways Co Ltd		210
	22,400	e	Aozora Bank Ltd		514
	221,179		Asahi Kasei Corp		2,553
	380,100		Astellas Pharma, Inc		5,855
	10,800	e	Bank of Kyoto Ltd		665
	774,000	*,e	BASE, Inc		11,236
	468,700		Benefit One, Inc		12,477
	62,337		Central Japan Railway Co		9,333
	100,700		Chiba Bank Ltd		659
	143,200		Chubu Electric Power Co, Inc		1,845
	103,200		Chugai Pharmaceutical Co Ltd		4,193
	195,200	e	Concordia Financial Group Ltd		792
	66,200		Daifuku Co Ltd		6,505
	204,800		Dai-ichi Mutual Life Insurance Co		3,520
	2,629,691		Daiichi Sankyo Co Ltd		76,723
	116,531		Daikin Industries Ltd		23,558
	5,500		Daito Trust Construction Co Ltd		639
	276		Daiwa House REIT Investment Corp		742
	274,300	*	Daiwa Securities Group, Inc		1,421
	129,386		East Japan Railway Co		9,200
	79,000		Eisai Co Ltd		5,310
	531,500		ENEOS Holdings, Inc		2,411
	317,100	*	Fanuc Ltd		76,233
	6,000		Fast Retailing Co Ltd		4,796
	32,600	e	Fukuoka Financial Group, Inc		619
	125,299		GMO Payment Gateway, Inc		16,649
	220,800	*	Hitachi Construction Machinery Co Ltd		7,076
	2,202,864	*	Hitachi Ltd		99,852
	34,785	*	Hitachi Metals Ltd		574
	131,900		Hulic Co Ltd		1,559
	636		Hulic Reit, Inc		998
	37,137	e	Idemitsu Kosan Co Ltd		959
	7,152,600		Infomart Corp		61,832
	162,974		Inpex Holdings, Inc		1,114
	8		Invincible Investment Corp		3
	103,400		IR Japan Holdings Ltd		12,520
	715,800		Japan Elevator Service Holdings Co Ltd		15,425
	76,800	e	Japan Post Bank Co Ltd		739
	299,100		Japan Post Holdings Co Ltd		2,666
	42,700		Japan Post Insurance Co Ltd		877
	4		Japan Retail Fund Investment Corp		4
	187,740		Japan Tobacco, Inc		3,607
	89,309		JFE Holdings, Inc		1,102
	408,900		JGC Corp		5,027
	33,973		JSR Corp		1,028
	276,600		Kansai Electric Power Co, Inc		2,999
	35,801		Kansai Paint Co Ltd		958
	91,400		Kao Corp		6,048
	301,000		KDDI Corp		9,274
	57		Kenedix Realty Investment Corp		406
	76,200		Keyence Corp		34,729
	62,101		Kuraray Co Ltd		710
	41,351		Kyushu Electric Power Co, Inc		408

213

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	101,400		M3, Inc	$	6,961
	176,100		Mebuki Financial Group Inc		416
	245,501		Mitsubishi Chemical Holdings Corp		1,844
	310,873		Mitsubishi Estate Co Ltd		5,444
	31,600		Mitsubishi Gas Chemical Co, Inc		777
	2,321,400		Mitsubishi UFJ Financial Group, Inc		12,413
	76,500	e	Mitsubishi UFJ Lease & Finance Co Ltd		462
	748,900		Mitsui & Co Ltd		15,630
	32,201		Mitsui Chemicals, Inc		1,019
	2,050		Mitsui Fudosan Co Ltd		47
	1,035		Mitsui Fudosan Logistics Park, Inc		5,118
	458,000		Mizuho Financial Group, Inc		6,623
	974,050		MonotaRO Co Ltd		26,424
	243		Mori Hills REIT Investment Corp		337
	84,500		MS&AD Insurance Group Holdings Inc		2,486
	348,361		Nintendo Co Ltd		196,349
	138,500		Nippon Paint Co Ltd		2,000
	132,101		Nippon Steel Corp		2,255
	234,500		Nippon Telegraph & Telephone Corp		6,051
	21,039		Nissan Chemical Industries Ltd		1,126
	28,300		Nitto Denko Corp		2,426
	597,100	*	Nomura Holdings, Inc		3,164
	658		Nomura Real Estate Master Fund, Inc		991
	574,812		NSK Ltd		5,910
	146,995		OJI Paper Co Ltd		953
	119,111		Omron Corp		9,330
	30,100		Oriental Land Co Ltd		4,529
	249,500		ORIX Corp		4,220
	447		Orix JREIT, Inc		779
	96,700		Osaka Securities Exchange Co Ltd		2,272
	331,400		Paltac Corp		17,962
	408,700		Panasonic Corp		5,292
	2,255,800		Recruit Holdings Co Ltd		110,774
	1,865,300	*	Renesas Electronics Corp		20,423
	397,100		Resona Holdings, Inc		1,668
	44,800	*	SBI Holdings, Inc		1,217
	117,500		Sekisui House Ltd		2,527
	92,400		Seven & I Holdings Co Ltd		3,731
	111,900	e	Seven Bank Ltd		256
	114,198	*	SHIFT, Inc		13,583
	29,400	*	Shinsei Bank Ltd		475
	19,800		Shiseido Co Ltd		1,332
	79,100	e	Shizuoka Bank Ltd		622
	454,300		SMS Co Ltd		13,910
	63,800		Sompo Holdings, Inc		2,445
	2,417,104		Sony Corp		255,810
	2,797		Star Asia Investment Corp		1,333
	1,609,200		Sumco Corp		36,879
	276,300		Sumitomo Chemical Co Ltd		1,434
	405,101		Sumitomo Heavy Industries Ltd		11,264
	43,000		Sumitomo Metal Mining Co Ltd		1,863
	1,745,601		Sumitomo Mitsui Financial Group, Inc		63,273
	64,100		Sumitomo Mitsui Trust Holdings, Inc		2,236
	20		Sumitomo Realty & Development Co Ltd		1

214

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	3,400		Sysmex Corp	$	367
	102,200		T&D Holdings, Inc		1,315
	20,382	e	Taiyo Nippon Sanso Corp		389
	201,799		TechnoPro Holdings, Inc		16,885
	32,665		Teijin Ltd		564
	119,900		Tokio Marine Holdings, Inc		5,706
	8,100		Tokyo Century Corp		546
	285,600	*	Tokyo Electric Power Co, Inc		955
	150,000		Tokyo Gas Co Ltd		3,342
	213,400		Tokyo Tatemono Co Ltd		3,253
	252,201		Toray Industries, Inc		1,628
	50,821		Tosoh Corp		973
	1,621,422	*	Toyota Motor Corp		126,179
	406		United Urban Investment Corp		546
	175,800	e	Workman Co Ltd		12,621
			TOTAL JAPAN		1,638,463
KOREA, REPUBLIC OF - 1.8%
	1,182	*	Alteogen, Inc		94
	24,447		Amorepacific Corp		5,615
	16,246		BGF retail Co Ltd		2,274
	3,326	*	Celltrion Healthcare Co Ltd		401
	673	*	Celltrion Pharm Inc		90
	18,677	*	Celltrion, Inc		5,383
	2,668		Cheil Communications, Inc		50
	315		CJ CheilJedang Corp		115
	703		CJ Corp		59
	482		CJ O Shopping Co Ltd		61
	844,732	*	Coupang, Inc		41,688
	1,872		Coway Co Ltd		109
	1,677	*	Daewoo Shipbuilding & Marine Engineering Co Ltd		42
	10,733		Dongbu Insurance Co Ltd		449
	9,836	*	Doosan Bobcat, Inc		367
	8,545	*	Doosan Heavy Industries and Construction Co Ltd		99
	3,159		DuzonBIzon Co Ltd		275
	3,530		E-Mart Co Ltd		537
	2,314		Fila Korea Ltd		89
	2,810		GS Engineering & Construction Corp		107
	2,277		GS Holdings Corp		79
	869		GS Retail Co Ltd		29
	61,401		Hana Financial Group, Inc		2,322
	3,039		Hankook Tire Co Ltd		132
	302		Hanmi Pharm Co Ltd		85
	8,798		Hanon Systems		138
	22,626	*	Hanwha Chemical Corp		1,012
	1,633		Hanwha Corp		46
	17,320	*	HLB, Inc		604
	3,325		Honam Petrochemical Corp		888
	1,232		Hotel Shilla Co Ltd		95
	191,430		Hynix Semiconductor, Inc		22,601
	3,678		Hyundai Engineering & Construction Co Ltd		144
	875		Hyundai Glovis Co Ltd		146
	1,703	*	Hyundai Heavy Industries		202
	14,139		Hyundai Marine & Fire Insurance Co Ltd		306

215

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	12,298		Hyundai Mobis	$	3,190
	21,460		Hyundai Motor Co		4,159
	1,613		Hyundai Motor Co Ltd (2nd Preference)		140
	1,021		Hyundai Motor Co Ltd (Preference)		91
	509		Hyundai Robotics Co Ltd		131
	17,535		Hyundai Steel Co		748
	12,103		Industrial Bank of Korea		98
	2,616		Kakao Corp		1,155
	4,198	*	Kangwon Land, Inc		94
	80,185		KB Financial Group, Inc		3,952
	32,383		Kia Motors Corp		2,380
	4,146	*	KMW Co Ltd		238
	12,202		Korea Aerospace Industries Ltd		398
	11,594		Korea Electric Power Corp		238
	295	*	Korea Express Co Ltd		48
	1,394	*	Korea Gas Corp		42
	7,866		Korea Investment Holdings Co Ltd		598
	785		Korea Kumho Petrochemical		184
	1,595		Korea Zinc Co Ltd		578
	17,845	*	Korean Air Lines Co Ltd		432
	4,662		KT&G Corp		336
	132,836		LG Chem Ltd		95,060
	1,441		LG Chem Ltd (Preference)		493
	18,597		LG Corp		1,492
	10,983	*	LG Display Co Ltd		222
	4,910		LG Electronics, Inc		656
	1,898		LG Household & Health Care Ltd		2,634
	135		LG Household & Health Care Ltd (Preference)		82
	550		LG Innotek Co Ltd		101
	8,537		LG Telecom Ltd		93
	1,260		Lotte Corp		38
	575		Lotte Shopping Co Ltd		64
	9,826		Meritz Securities Co Ltd		40
	52,276		Mirae Asset Daewoo Co Ltd		457
	5,851		Naver Corp		1,959
	816		NCsoft		631
	1,128	g	Netmarble Corp		129
	1,227		Orion Corp/Republic of Korea		142
	81		Ottogi Corp		41
	9,258		Pacific Corp		533
	10,544		Pan Ocean Co Ltd		58
	304	*	Pearl Abyss Corp		83
	14,551		POSCO		4,123
	4,672		POSCO Refractories & Environment Co Ltd		646
	3,079		S1 Corp (Korea)		222
	3,364	*,g	Samsung Biologics Co Ltd		2,239
	16,652		Samsung C&T Corp		1,842
	1,062		Samsung Card Co		32
	59,828		Samsung Electro-Mechanics Co Ltd		9,986
	3,016,639		Samsung Electronics Co Ltd		218,238
	38,031		Samsung Electronics Co Ltd (Preference)		2,463
	6,867	*	Samsung Engineering Co Ltd		85
	6,222		Samsung Fire & Marine Insurance Co Ltd		1,046
	21,176	*	Samsung Heavy Industries Co Ltd		146

216

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	13,880		Samsung Life Insurance Co Ltd	$	959
	6,786		Samsung SDI Co Ltd		3,990
	1,703		Samsung SDS Co Ltd		292
	11,600		Samsung Securities Co Ltd		406
	836		Seegene, Inc		96
	1,261		Shin Poong Pharmaceutical Co Ltd		96
	88,199		Shinhan Financial Group Co Ltd		2,929
	295		Shinsegae Co Ltd		74
	3,410	*	SK Biopharmaceuticals Co Ltd		312
	1,423		SK Chemicals Co Ltd (New)		317
	6,942		SK Holdings Co Ltd		1,740
	10,841	*	SK Innovation Co Ltd		2,112
	1,687		SK Telecom Co Ltd		411
	9,523	*	S-Oil Corp		686
	23,109		Woori Financial Group, Inc		206
	4,171		Woori Investment & Securities Co Ltd		43
	3,072		Yuhan Corp		171
			TOTAL KOREA, REPUBLIC OF		466,879
KUWAIT - 0.0%
	220,382		Agility Public Warehousing Co KSC		530
	60,478		Boubyan Bank KSCP		121
	66,502		Gulf Bank KSCP		48
	216,142		Kuwait Finance House		550
	105,800		Mabanee Co KPSC		254
	432,387		Mobile Telecommunications Co KSC		866
	304,218		National Bank of Kuwait SAKP		813
			TOTAL KUWAIT		3,182
LUXEMBOURG - 0.0%
	7,014		Reinet Investments S.C.A		139
			TOTAL LUXEMBOURG		139
MACAU - 0.0%
	556,000	*	Galaxy Entertainment Group Ltd		5,026
	1,177,000		SJM Holdings Ltd		1,545
	1,812,800	*	Wynn Macau Ltd		3,527
			TOTAL MACAU		10,098
MALAYSIA - 0.1%
	61,300		AMMB Holdings BHD		43
	105,543		Axiata Group Bhd		93
	1,267,055		Bumiputra-Commerce Holdings BHD		1,328
	863,400		Dialog Group BHD		648
	119,800		Digi.Com BHD		105
	5,000		Fraser & Neave Holdings BHD		36
	330,231	*	Gamuda BHD		285
	99,900		Genting BHD		121
	129,000		Genting Malaysia Bhd		96
	26,700		Genting Plantations BHD		59
	123,700		HAP Seng Consolidated BHD		249
	84,000		Hartalega Holdings BHD		181
	130,300		Hong Leong Bank BHD		588
	28,200		Hong Leong Credit BHD		119

217

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	120,100		IHH Healthcare BHD	$	154
	169,100		IOI Corp BHD		171
	60,800		Kossan Rubber Industries		48
	32,330		Kuala Lumpur Kepong BHD		179
	771,307		Malayan Banking BHD		1,536
	38,000		Malaysia Airports Holdings BHD		57
	88,900		Maxis BHD		97
	307,700		MISC BHD		507
	14,600		Nestle Malaysia BHD		475
	469,800		Petronas Chemicals Group BHD		907
	67,800		Petronas Dagangan BHD		328
	178,000		Petronas Gas BHD		687
	32,480		PPB Group BHD		145
	239,900		Press Metal BHD		574
	2,858,600		Public Bank BHD		2,897
	173,450		QL Resources BHD		254
	65,700		RHB Capital BHD		85
	96,700		Sime Darby BHD		56
	129,300		Sime Darby Plantation BHD		145
	1,153	*	SP Setia BHD		0	^
	67,248		Supermax Corp BHD		62
	65,600		Telekom Malaysia BHD		97
	487,800		Tenaga Nasional BHD		1,191
	239,800		Top Glove Corp BHD		262
	165,200		Westports Holdings BHD		168
			TOTAL MALAYSIA		15,033
MEXICO - 0.1%
	6,564,100		America Movil S.A. de C.V. (Series L)		4,483
	101,100		Becle SAB de C.V.		231
	2,930,894	*	Cemex S.A. de C.V.		2,068
	109,765		Coca-Cola Femsa SAB de C.V.		507
	97,900		Embotelladoras Arca SAB de C.V.		483
	645,900		Fibra Uno Administracion S.A. de C.V.		755
	377,200		Fomento Economico Mexicano S.A. de C.V.		2,844
	44,210		Gruma SAB de C.V.		522
	72,200	*	Grupo Aeroportuario del Pacifico S.A. de C.V. (B Shares)		755
	37,505	*	Grupo Aeroportuario del Sureste S.A. de C.V. (Class B)		666
	296,500		Grupo Bimbo S.A. de C.V. (Series A)		622
	82,200		Grupo Carso S.A. de C.V. (Series A1)		225
	464,800	*	Grupo Financiero Banorte S.A. de C.V.		2,618
	96,127	*	Grupo Financiero Inbursa S.A.		87
	596,100		Grupo Mexico S.A. de C.V. (Series B)		3,134
	458,000	*	Grupo Televisa S.A.		815
	23,395	*	Industrias Penoles S.A. de C.V.		302
	101,200	*	Infraestructura Energetica ,NV SAB de C.V.		391
	326,700		Kimberly-Clark de Mexico S.A. de C.V. (Class A)		558
	59,500		Megacable Holdings SAB de C.V.		213
	208,300		Orbia Advance Corp SAB de C.V.		556
	42,570		Promotora y Operadora de Infraestructura SAB de C.V.		326
	194,600	*,e	Telesites SAB de C.V.		202
	1,047,400		Wal-Mart de Mexico SAB de C.V.		3,304
			TOTAL MEXICO		26,667

218

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
NETHERLANDS - 2.3%
	9,895	*,g	Adyen NV	$	22,080
	120,148		Akzo Nobel NV		13,414
	1,234	*	Argenx SE		339
	22,493	*,e	Argenx SE		6,185
	432,868		ASML Holding NV		265,595
	65,757	g	Euronext NV		6,618
	54,008	*	Heineken NV		5,544
	15,336,054		ING Groep NV		187,316
	232,090		Koninklijke Ahold Delhaize NV		6,474
	584,082		Koninklijke KPN NV		1,981
	166,114		Koninklijke Philips Electronics NV		9,473
	253,324		NXP Semiconductors NV		51,004
	809,034		Royal Dutch Shell plc (A Shares)		15,727
			TOTAL NETHERLANDS		591,750
NEW ZEALAND - 0.0%
	387,651		Fisher & Paykel Healthcare Corp		8,704
			TOTAL NEW ZEALAND		8,704
NORWAY - 0.3%
	1,178,178		Aker BP ASA		33,422
	1,504,266		Equinor ASA		29,363
	167,695		Gjensidige Forsikring BA		3,933
	1,793,497		Norsk Hydro ASA		11,519
			TOTAL NORWAY		78,237
PAKISTAN - 0.0%
	13,694		Habib Bank Ltd		10
	6,354		MCB Bank Ltd		7
	58,322		Oil & Gas Development Co Ltd		39
			TOTAL PAKISTAN		56
PERU - 0.0%
	42,300	*	Cia de Minas Buenaventura S.A. (ADR) (Series B)		424
	13,700		Credicorp Ltd (NY)		1,871
	17,097		Southern Copper Corp (NY)		1,161
			TOTAL PERU		3,456
PHILIPPINES - 0.1%
	379,560		Aboitiz Equity Ventures, Inc		270
	366,800		Aboitiz Power Corp		178
	12,740		Ayala Corp		194
	1,551,470		Ayala Land, Inc		1,100
	81,380		Bank of the Philippine Islands		137
	402,500		BDO Unibank, Inc		847
	2,335		Globe Telecom, Inc		90
	4,064		GT Capital Holdings, Inc		44
	196,390		International Container Term Services, Inc		491
	542,975		JG Summit Holdings (Series B)		669
	22,110		Jollibee Foods Corp		81
	58,560		Manila Electric Co		328
	2,267,927		Megaworld Corp		168

219

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	594,900		Metro Pacific Investments Corp	$	46
	72,023		Metropolitan Bank & Trust		66
	4,210		PLDT, Inc		106
	41,600		Puregold Price Club, Inc		34
	5,826,950		Robinsons Retail Holdings, Inc		6,873
	52,315		SM Investments Corp		1,036
	1,952,700		SM Prime Holdings		1,410
	46,060		Universal Robina		126
			TOTAL PHILIPPINES		14,294
POLAND - 0.1%
	1,009,600	*,g	Allegro.eu S.A.		14,212
	9,706	*	Bank Pekao S.A.		173
	1,599	*	Bank Zachodni WBK S.A.		88
	3,434	*	CD Projekt Red S.A.		166
	10,739		Cyfrowy Polsat S.A.		80
	48,932	*,g	Dino Polska S.A.		3,226
	654,024	*	InPost S.A.		10,712
	6,410	*	KGHM Polska Miedz S.A.		308
	58	*	LPP S.A.		119
	44,456	*	PGE Polska Grupa Energetyczna S.A.		77
	14,326		Polski Koncern Naftowy Orlen S.A.		230
	80,470		Polskie Gornictwo Naftowe i Gazownictwo S.A.		122
	41,786		Powszechna Kasa Oszczednosci Bank Polski S.A.		346
	24,876	*	Powszechny Zaklad Ubezpieczen S.A.		214
	25,446	*	Telekomunikacja Polska S.A.		42
			TOTAL POLAND		30,115
PORTUGAL - 0.1%
	1,988,599		Energias de Portugal S.A.		11,358
	842,501		Jeronimo Martins SGPS S.A.		14,178
			TOTAL PORTUGAL		25,536
QATAR - 0.0%
	107,781		Barwa Real Estate Co		96
	79,547		Commercial Bank of Qatar QSC		106
	84,263		Industries Qatar QSC		277
	168,911		Masraf Al Rayan		199
	205,862		Mesaieed Petrochemical Holding Co		105
	32,871		Ooredoo QSC		64
	31,559		Qatar Electricity & Water Co		147
	26,621		Qatar Fuel QSC		126
	535,668		Qatar Gas Transport Co Ltd		465
	28,011		Qatar International Islamic Bank QSC		67
	52,680		Qatar Islamic Bank SAQ		238
	768,579		Qatar National Bank		3,799
			TOTAL QATAR		5,689
ROMANIA - 0.0%
	23,459		NEPI Rockcastle plc		148
			TOTAL ROMANIA		148

220

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
RUSSIA - 0.8%
	337,562	*,g	Fix Price Group Ltd (ADR)	$	3,295
	91,369		Gazprom (ADR)		548
	758,416		Gazprom OAO (ADR)		4,517
	55,825		LUKOIL PJSC (ADR)		4,510
	233,251		Magnit PJSC (ADR)		3,496
	17,335	*	Mail.Ru Group Ltd		397
	28,604		MMC Norilsk Nickel PJSC (ADR)		895
	29,900	e	Mobile TeleSystems (ADR)		249
	18,871		Novatek PJSC (GDR)		3,727
	6,654		Novolipetsk Steel PJSC (GDR)		212
	7,442		PhosAgro PJSC (GDR)		130
	13,133		Polymetal International plc (ADR)		257
	12,630		Polyus PJSC (GDR)		1,162
	27,245	*	Polyus PJSC (GDR)		2,508
	67,362	*	Rosneft Oil Co PJSC (GDR)		509
	4,153,929		Sberbank of Russia (ADR)		64,012
	13,824		Severstal (GDR)		279
	84,238		Surgutneftegaz (ADR) (London)		381
	49,572		Tatneft PJSC (ADR)		2,322
	204,014		TCS Group Holding plc (ADR)		11,833
	81,025	*	VTB Bank PJSC (GDR) Tradegate		88
	5,969		X5 Retail Group NV (GDR)		193
	1,611,041	*	Yandex NV		103,203
			TOTAL RUSSIA		208,723
SAUDI ARABIA - 0.1%
	10,339		Abdullah Al Othaim Markets Co		348
	6,436		Advanced Petrochemical Co		125
	240,641		Al Rajhi Bank		6,342
	39,743	*	Alinma Bank		195
	12,317		Almarai Co JSC		171
	22,913		Arab National Bank		128
	20,015		Bank AlBilad		188
	16,023		Bank Al-Jazira		67
	26,371		Banque Saudi Fransi		235
	4,753	*	Bupa Arabia for Cooperative Insurance Co		152
	5,805	*	Co for Cooperative Insurance		122
	23,279	*	Dar Al Arkan Real Estate Development Co		57
	10,192		Dr Sulaiman Al Habib Medical Services Group Co		337
	17,920	*	Emaar Economic City		51
	18,119	*	Etihad Etisalat Co		143
	3,386		Jarir Marketing Co		164
	90,868	*	Mobile Telecommunications Co Saudi Arabia		364
	286,847		National Commercial Bank		4,065
	14,214	*	National Industrialization Co		58
	11,988	*	Rabigh Refining & Petrochemical Co		54
	60,436		Riyad Bank		362
	9,836		SABIC Agri-Nutrients Co		258
	16,526		Sahara International Petrochemical Co		97
	196,784	*	Samba Financial Group		2,023
	3,363	*	Saudi Airlines Catering Co		68
	20,101	*	Saudi Arabian Mining Co		306
	471,676	g	Saudi Arabian Oil Co		4,528
	187,703		Saudi Basic Industries Corp		5,882

221

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	37,885		Saudi British Bank	$	266
	2,776		Saudi Cement Co		49
	36,396		Saudi Electricity Co		228
	7,761		Saudi Industrial Investment Group		67
	29,409	*	Saudi Kayan Petrochemical Co		125
	122,155		Saudi Telecom Co		4,133
	10,348		Savola Group		109
	10,221		Yanbu National Petrochemical Co		189
			TOTAL SAUDI ARABIA		32,056
SINGAPORE - 0.1%
	476,800		Ascendas REIT		1,083
	10,300	g	BOC Aviation Ltd		100
	415,642	e	CapitaLand Ltd		1,165
	340,800		DBS Group Holdings Ltd		7,307
	627,861		Oversea-Chinese Banking Corp		5,493
	152,600	e	Singapore Exchange Ltd		1,132
	1,472,100	e	Singapore Telecommunications Ltd		2,675
	223,316	e	United Overseas Bank Ltd		4,306
			TOTAL SINGAPORE		23,261
SOUTH AFRICA - 0.2%
	140,522		Absa Group Ltd		1,200
	22,856	e	African Rainbow Minerals Ltd		429
	2,556		Anglo American Platinum Ltd		373
	15,948	*	Aspen Pharmacare Holdings Ltd		156
	14,613	*	Bid Corp Ltd		283
	11,345	e	Bidvest Group Ltd		131
	99,663	*	Capitec Bank Holdings Ltd		9,581
	12,410		Clicks Group Ltd		202
	15,730	*	Discovery Holdings Ltd		141
	13,235		Exxaro Resources Ltd		156
	804,002	e	FirstRand Ltd		2,810
	181,711		Gold Fields Ltd		1,708
	175,412		Growthpoint Properties Ltd		157
	94,920	*,e	Harmony Gold Mining Co Ltd		405
	168,125	e	Impala Platinum Holdings Ltd		3,104
	2,790	e	Kumba Iron Ore Ltd		115
	10,621		Mr Price Group Ltd		139
	340,029		MTN Group Ltd		1,997
	20,669		MultiChoice Group Ltd		180
	105,384		Naspers Ltd (N Shares)		25,241
	19,297		Nedbank Group Ltd		183
	380,794	*	Northam Platinum Ltd		6,616
	259,237		Old Mutual Ltd		222
	28,625		Rand Merchant Investment Holdings Ltd		59
	28,005		Remgro Ltd		198
	80,320	e	Sanlam Ltd		324
	112,312	*	Sasol Ltd		1,623
	19,908	e	Shoprite Holdings Ltd		212
	134,206	e	Sibanye Stillwater Ltd		598
	9,509		Spar Group Ltd		122
	258,215		Standard Bank Group Ltd		2,192
	7,591		Tiger Brands Ltd		108

222

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	25,405		Vodacom Group Pty Ltd	$	217
	38,921	*	Woolworths Holdings Ltd		130
			TOTAL SOUTH AFRICA		61,312
SPAIN - 0.6%
	881,923		Amadeus IT Holding S.A.		62,818
	12,466,484	*	Banco Bilbao Vizcaya Argentaria S.A.		64,965
	1,713,866		Iberdrola S.A.		22,121
	253,975		Industria De Diseno Textil S.A.		8,391
	108,528	*,†,e	Let’s GOWEX S.A.		1
	4,005		Merlin Properties Socimi S.A.		41
	56,299		Naturgy Energy Group S.A.		1,382
	70,054		Red Electrica Corp S.A.		1,243
	875,574		Telefonica S.A.		3,936
			TOTAL SPAIN		164,898
SWEDEN - 0.6%
	1,005,149		Assa Abloy AB		28,929
	316		Autoliv, Inc		29
	88,120	g	Evolution Gaming Group AB		12,977
	50,984	*	Fastighets AB Balder		2,524
	261,345		Hexagon AB (B Shares)		24,124
	498,177	e	Intrum Justitia AB		15,998
	208,666		Lundin Petroleum AB		6,563
	713,574		Sandvik AB		19,525
	26,333	*,e	SAS AB		6
	469,003		Swedish Match AB		36,587
			TOTAL SWEDEN		147,262
SWITZERLAND - 2.1%
	211,923		Alcon, Inc		14,872
	95,724		Cie Financiere Richemont S.A.		9,192
	6,840,641		Credit Suisse Group		72,369
	3,379		Givaudan S.A.		13,034
	212,094		Lonza Group AG.		118,624
	547,548		Nestle S.A.		61,039
	266,012		Novartis AG.		22,739
	7,966		PSP Swiss Property AG.		970
	509,165		Roche Holding AG.		164,941
	6,000		Straumann Holding AG.		7,491
	7,966		Swiss Prime Site AG.		735
	706,529		UBS Group AG		10,931
	62,791		Zurich Insurance Group AG		26,727
			TOTAL SWITZERLAND		523,664
TAIWAN - 1.6%
	94,000		Accton Technology Corp		914
	132,000		Acer, Inc		146
	24,391		Advantech Co Ltd		304
	5,113,100		ASE Technology Holding Co Ltd		19,504
	100,000		Asia Cement Corp		168
	5,000		ASMedia Technology, Inc		264
	30,000		Asustek Computer, Inc		394
	421,000	*	AU Optronics Corp		314

223

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	33,189		Catcher Technology Co Ltd	$	247
	1,550,412		Cathay Financial Holding Co Ltd		2,611
	230,707		Chailease Holding Co Ltd		1,597
	194,350		Chang Hwa Commercial Bank		120
	68,000		Cheng Shin Rubber Industry Co Ltd		115
	41,335		Chicony Electronics Co Ltd		148
	643,000		China Development Financial Holding Corp		237
	410,045		China Life Insurance Co Ltd (Taiwan)		371
	2,301,000		China Steel Corp		2,093
	3,564,000		Chinatrust Financial Holding Co		2,766
	187,000		Chunghwa Telecom Co Ltd		732
	166,000		Compal Electronics, Inc		156
	929,727		Dadi Early-Childhood Education Group Ltd		5,784
	1,286,700		Delta Electronics, Inc		13,122
	2,266,087		E.Sun Financial Holding Co Ltd		2,075
	9,000		Eclat Textile Co Ltd		152
	120,731	*	Evergreen Marine Corp Tawain Ltd		194
	639,000		Far Eastern Textile Co Ltd		678
	94,000		Far EasTone Telecommunications Co Ltd		211
	17,040		Feng TAY Enterprise Co Ltd		117
	2,025,530		First Financial Holding Co Ltd		1,578
	701,000		Formosa Chemicals & Fibre Corp		2,158
	233,000		Formosa Petrochemical Corp		793
	752,000		Formosa Plastics Corp		2,671
	37,000		Foxconn Technology Co Ltd		95
	1,335,000		Fubon Financial Holding Co Ltd		2,664
	1,989,600		Fuhwa Financial Holdings Co Ltd		1,572
	56,000		Giant Manufacturing Co Ltd		677
	445,100		Globalwafers Co Ltd		11,800
	122,800		Highwealth Construction Corp		187
	13,107		Hiwin Technologies Corp		187
	583,000		Hon Hai Precision Industry Co, Ltd		2,557
	1,934,278		Hota Industrial Manufacturing Co Ltd		7,923
	36,000		Hotai Motor Co Ltd		745
	314,281		Hua Nan Financial Holdings Co Ltd		206
	408,000		InnoLux Display Corp		304
	95,000		Inventec Co Ltd		90
	4,604		Largan Precision Co Ltd		521
	83,000		Lite-On Technology Corp		184
	300,242		MediaTek, Inc		10,327
	2,177,000		Mega Financial Holding Co Ltd		2,435
	29,000		Micro-Star International Co Ltd		178
	1,015,000		Nan Ya Plastics Corp		2,852
	11,000		Nan Ya Printed Circuit Board Corp		138
	65,000		Nanya Technology Corp		212
	7,000		Nien Made Enterprise Co Ltd		98
	26,000		Novatek Microelectronics Corp Ltd		530
	36,000	*	Oneness Biotech Co Ltd		334
	96,000		Pegatron Technology Corp		250
	7,000		Phison Electronics Corp		121
	146,000		Pou Chen Corp		169
	42,000		Powertech Technology, Inc		156
	34,000		President Chain Store Corp		325
	127,000		Quanta Computer, Inc		438

224

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES		COMPANY	VALUE (000)
	22,000	Realtek Semiconductor Corp	$	384
	145,100	Ruentex Development Co Ltd		252
	641,999	Shanghai Commercial & Savings Bank Ltd		946
	2,260,622	Shin Kong Financial Holding Co Ltd		727
	420,300	SinoPac Financial Holdings Co Ltd		190
	53,000	Synnex Technology International Corp		102
	392,089	Taishin Financial Holdings Co Ltd		184
	206,417	Taiwan Business Bank		72
	216,192	Taiwan Cement Corp		355
	1,771,945	Taiwan Cooperative Financial Holding		1,315
	396,000	Taiwan High Speed Rail Corp		437
	89,000	Taiwan Mobile Co Ltd		306
	13,159,100	Taiwan Semiconductor Manufacturing Co Ltd		277,120
	63,000	Unimicron Technology Corp		204
	494,000	Uni-President Enterprises Corp		1,268
	554,000	United Microelectronics Corp		994
	38,000	Vanguard International Semiconductor Corp		145
	16,000	Walsin Technology Corp		141
	15,000	Win Semiconductors Corp		207
	148,000	Winbond Electronics Corp		155
	142,690	Wistron Corp		168
	15,000	Wiwynn Corp		445
	58,640	WPG Holdings Co Ltd		101
	18,339	Yageo Corp		359
	33,000	Zhen Ding Technology Holding Ltd		140
		TOTAL TAIWAN		397,726
TANZANIA, UNITED REPUBLIC OF - 0.0%
	81,453	AngloGold Ashanti Ltd		1,773
		TOTAL TANZANIA, UNITED REPUBLIC OF		1,773
THAILAND - 0.1%
	67,900	Advanced Info Service PCL (Foreign)		378
	567,500	Airports of Thailand PCL (ADR)		1,257
	168,500	Airports of Thailand PCL (Foreign)		373
	1,420,600	Asset World Corp PCL		233
	140,200	B Grimm Power PCL		206
	128,400	Bangkok Bank PCL (Foreign)		519
	64,400	Bangkok Commercial Asset Management PCL		45
	378,100	Bangkok Dusit Medical Services PCL (Foreign)		260
	1,373,800	Bangkok Expressway & Metro PCL		386
	226,400	Berli Jucker PCL		285
	1,370,690	BTS Group Holdings PCL		423
	17,200	Bumrungrad Hospital PCL (Foreign)		75
	417,400	Central Pattana PCL (Foreign)		781
	70,675	Central Retail Corp PCL		85
	163,600	Charoen Pokphand Foods PCL		154
	1,072,700	CP ALL plc		2,375
	12,300	Delta Electronics Thai PCL		114
	56,800	Electricity Generating PCL		338
	271,000	Energy Absolute PCL (Foreign)		540
	132,400	Global Power Synergy Co Ltd (Foreign)		327
	447,430	Gulf Energy Development PCL		481
	224,300	Home Product Center PCL (Foreign)		107

225

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	59,300		Indorama Ventures PCL (Foreign)	$	85
	419,400		Intouch Holdings PCL (Class F)		781
	128,500		Kasikornbank PCL - NVDR		597
	270,100		Kasikornbank PCL (Foreign)		1,264
	1,626,800		Krung Thai Bank PCL (Foreign)		636
	128,500		Krungthai Card PCL		326
	1,692,000		Land and Houses PCL Co Reg		464
	120,300		Minor International PCL (Foreign)		126
	113,700		Muangthai Capital PCL		258
	22,800		Osotspa PCL		26
	304,400		PTT Exploration & Production PCL (Foreign)		1,111
	501,000		PTT Global Chemical PCL (Foreign)		1,009
	102,000		PTT Oil & Retail Business PCL		105
	2,308,400		PTT PCL (Foreign)		3,033
	32,800		Ratch Group PCL		54
	161,100		Siam Cement PCL (Foreign)		2,061
	308,200		Siam Commercial Bank PCL (Foreign)		1,101
	30,000		Sri Trang Gloves Thailand PCL		39
	127,900		Srisawad Corp PCL		349
	281,500		Thai Oil PCL (Foreign)		549
	117,900		Thai Union Group PCL		56
	60,700		Total Access Communication PCL (Foreign)		64
	498,700		True Corp PCL (Foreign)		54
			TOTAL THAILAND		23,890
TURKEY - 0.0%
	141,865		Akbank TAS		81
	29,543		Aselsan Elektronik Sanayi Ve Ticaret AS		54
	23,201		BIM Birlesik Magazalar AS		199
	54,735		Eregli Demir ve Celik Fabrikalari TAS		101
	2,665		Ford Otomotiv Sanayi AS		63
	34,656		Haci Omer Sabanci Holding AS		36
	36,999		KOC Holding AS		87
	28,602	*	Turk Hava Yollari		44
	49,363		Turkcell Iletisim Hizmet AS		90
	3,916,784	*	Turkiye Garanti Bankasi AS		3,173
	59,993	*	Turkiye Is Bankasi (Series C)		35
	6,395	*	Turkiye Petrol Rafinerileri AS		70
	303,773		Turkiye Sise ve Cam Fabrikalari AS		268
	120,707	*	Yapi ve Kredi Bankasi		32
			TOTAL TURKEY		4,333
UNITED ARAB EMIRATES - 0.0%
	121,643	*	Abu Dhabi Commercial Bank PJSC		205
	55,303		Abu Dhabi Islamic Bank PJSC		73
	169,927	*	Aldar Properties PJSC		174
	70,571		Dubai Islamic Bank PJSC		88
	105,484	*	Emaar Malls Group PJSC		49
	162,918	*	Emaar Properties PJSC		158
	522,504		Emirates NBD Bank PJSC		1,639
	93,944		Emirates Telecommunications Group Co PJSC		553
	560,617		National Bank of Abu Dhabi PJSC		2,231
	5,358	*,†	NMC Health plc		0	^
			TOTAL UNITED ARAB EMIRATES		5,170

226

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
UNITED KINGDOM - 4.2%
	1,495,033		Ashtead Group plc	$	89,247
	125,440	*	Associated British Foods plc		4,168
	1,466,759		AstraZeneca plc		146,395
	9,086,815		Barclays plc		23,271
	1,866,804	*	Beazley plc		9,048
	103,562		Big Yellow Group plc		1,591
	1,649,999		BP plc		6,702
	589,491		British American Tobacco plc		22,407
	238,991		British Land Co plc		1,663
	87,635		Coca-Cola European Partners plc (Class A)		4,571
	262,101	*	Compass Group plc		5,295
	366,616		Dechra Pharmaceuticals plc		17,336
	31,865		Derwent London plc		1,418
	378,920		Diageo plc		15,567
	1,804,801		Electrocomponents plc		24,716
	787,148		Fevertree Drinks plc		23,222
	305,169		GlaxoSmithKline plc		5,402
	159,327		Great Portland Estates plc		1,493
	279,370		Informa plc		2,157
	175,260	e	Land Securities Group plc		1,666
	102,014	*	Liberty Global plc (Class A)		2,618
	24,905	*	Liberty Global plc (Class C)		636
	95,823		Linde plc		26,844
	606,749		Linde plc (Xetra)		170,195
	129,273,331		Lloyds TSB Group plc		75,835
	309,673		London Stock Exchange Group plc		29,605
	5,993,851		Man Group plc		13,301
	42,746		Mondi plc		1,090
	29,807		Next plc		3,231
	1,002,118		Prudential plc		21,348
	130,526		Reckitt Benckiser Group plc		11,683
	699,587		RELX plc		17,552
	224,439		RELX plc (London)		5,629
	127,461		Safestore Holdings plc		1,398
	190,735		Scottish & Southern Energy plc		3,824
	206,554		Segro plc		2,669
	128,584		Smith & Nephew plc		2,441
	1,639,515		Standard Chartered plc		11,289
	22,239,685		Tesco plc		70,216
	13,694,933	*	THG Holdings Ltd		117,716
	5,028,907		Tritax Big Box REIT plc		12,444
	4,257,889	g	Tritax EuroBox plc		5,899
	369,235		Unilever plc		20,602
	378,949		Unilever plc		21,145
	4,910,146		Vodafone Group plc		8,954
	234,025		WPP plc		2,982
			TOTAL UNITED KINGDOM		1,068,481
UNITED STATES - 56.2%
	5,780	*	10X Genomics, Inc		1,046
	58,897		3M Co		11,348
	544		A.O. Smith Corp		37

227

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	1,308,435		Abbott Laboratories	$	156,803
	1,330,503		AbbVie, Inc		143,987
	8,105	*	Abiomed, Inc		2,583
	194,798		Accenture plc		53,813
	635,525		Activision Blizzard, Inc		59,104
	199,595	*	Adient plc		8,822
	15,065	*	Adobe, Inc		7,161
	274		Advance Auto Parts, Inc		50
	4,853	*	Advanced Micro Devices, Inc		381
	2,684		AES Corp		72
	43,143		Aflac, Inc		2,208
	37,674		Agilent Technologies, Inc		4,790
	2,187		AGNC Investment Corp		37
	23,898		Agree Realty Corp		1,609
	82,474		Air Products & Chemicals, Inc		23,203
	209	*,e	Airbnb, Inc		39
	657	*	Akamai Technologies, Inc		67
	49,009		Albemarle Corp		7,161
	52,664		Alexandria Real Estate Equities, Inc		8,653
	7,789	*	Alexion Pharmaceuticals, Inc		1,191
	31,898	*	Align Technology, Inc		17,274
	24,092	*	Alkermes plc		450
	2,819	*	Alleghany Corp		1,766
	252,148	*	Allegheny Technologies, Inc		5,310
	372		Allegion plc		47
	414,129		Alliant Energy Corp		22,429
	72,821		Allstate Corp		8,367
	1,509		Ally Financial, Inc		68
	54,651	*	Alnylam Pharmaceuticals, Inc		7,716
	106,062	*	Alphabet, Inc (Class A)		218,755
	146,615	*	Alphabet, Inc (Class C)		303,292
	39,757	*	Altice USA, Inc		1,293
	300,949		Altria Group, Inc		15,397
	166,129	*	Amazon.com, Inc		514,017
	6,329		Amcor plc		74
	40		Amerco, Inc		24
	294,656		Ameren Corp		23,973
	344,507		American Electric Power Co, Inc		29,180
	2,762		American Express Co		391
	291		American Financial Group, Inc		33
	234,354		American Homes 4 Rent		7,813
	487,064		American International Group, Inc		22,507
	85,070		American Tower Corp		20,337
	731		American Water Works Co, Inc		110
	72,273		Americold Realty Trust		2,780
	476		Ameriprise Financial, Inc		111
	618		AmerisourceBergen Corp		73
	928		Ametek, Inc		119
	65,339		Amgen, Inc		16,257
	2,414		Amphenol Corp (Class A)		159
	1,491		Analog Devices, Inc		231
	5,642		Annaly Capital Management, Inc		49
	347	*	Ansys, Inc		118
	44,803		Anthem, Inc		16,082

228

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	38,136		Aon plc	$	8,775
	665		Apollo Global Management, Inc		31
	5,042,444	d	Apple, Inc		615,935
	70,985		Applied Materials, Inc		9,484
	138,414	*	Aptiv plc		19,087
	905		ARAMARK Holdings Corp		34
	1,638	*	Arch Capital Group Ltd		63
	131,588		Archer-Daniels-Midland Co		7,501
	229	*	Arista Networks, Inc		69
	368	*	Arrow Electronics, Inc		41
	776		Arthur J. Gallagher & Co		97
	230		Assurant, Inc		33
	1,720,678		AT&T, Inc		52,085
	231,347	*	Athene Holding Ltd		11,660
	508		Atmos Energy Corp		50
	885	*	Autodesk, Inc		245
	1,730		Automatic Data Processing, Inc		326
	1,705	*	AutoZone, Inc		2,394
	324	*	Avalara, Inc		43
	31,718		AvalonBay Communities, Inc		5,852
	289,602	*	Avantor, Inc		8,378
	31,185		Avery Dennison Corp		5,727
	847,027	*	Axalta Coating Systems Ltd		25,055
	2,767		Baker Hughes Co		60
	1,320		Ball Corp		112
	1,036,964		Bank of America Corp		40,120
	666,417		Bank of New York Mellon Corp		31,515
	130,274		Baxter International, Inc		10,987
	33,099		Becton Dickinson & Co		8,048
	272,122	*	Berkshire Hathaway, Inc (Class B)		69,519
	73,477	*	Berry Global Group, Inc		4,511
	23,770		Best Buy Co, Inc		2,729
	30,602	*	Biogen, Inc		8,561
	733	*	BioMarin Pharmaceutical, Inc		55
	29,278	*	Bio-Rad Laboratories, Inc (Class A)		16,723
	633	*	Black Knight, Inc		47
	35,627		BlackRock, Inc		26,861
	130,504		Blackstone Group, Inc		9,726
	398,797	*	Boeing Co		101,582
	5,982	*	Booking Holdings, Inc		13,937
	557		Booz Allen Hamilton Holding Co		45
	991		BorgWarner, Inc		46
	18,919		Boston Properties, Inc		1,916
	2,129,342	*	Boston Scientific Corp		82,299
	461,493		Bristol-Myers Squibb Co		29,134
	376,919		Broadcom, Inc		174,762
	467		Broadridge Financial Solutions, Inc		71
	974		Brown & Brown, Inc		45
	1,248		Brown-Forman Corp (Class B)		86
	97,623		Bunge Ltd		7,739
	54,231	*	Burlington Stores, Inc		16,204
	18		Cable One, Inc		33
	340,070		Cabot Oil & Gas Corp		6,387
	1,126	*	Cadence Design Systems, Inc		154

229

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	475		Camden Property Trust	$	52
	726		Campbell Soup Co		36
	203,711		Capital One Financial Corp		25,918
	1,184		Cardinal Health, Inc		72
	685		Carlyle Group, Inc		25
	662	*	CarMax, Inc		88
	68,333	*	Carnival Corp		1,814
	1,373,086		Carrier Global Corp		57,972
	256	*	Carvana Co		67
	90,037	*	Catalent, Inc		9,482
	437,688		Caterpillar, Inc		101,487
	436		CBOE Global Markets, Inc		43
	1,354	*	CBRE Group, Inc		107
	577		CDW Corp		96
	7,141		Celanese Corp (Series A)		1,070
	218,889	*	Centene Corp		13,989
	1,552,369		Centerpoint Energy, Inc		35,161
	536	*	Ceridian HCM Holding, Inc		45
	44,194		Cerner Corp		3,177
	204,829		CF Industries Holdings, Inc		9,295
	549		CH Robinson Worldwide, Inc		52
	467,724		Charles Schwab Corp		30,486
	37,354	*	Charter Communications, Inc		23,048
	54,160	*	Cheniere Energy, Inc		3,900
	552,229		Chevron Corp		57,868
	329	*,e	Chewy, Inc		28
	4,052	*	Chipotle Mexican Grill, Inc (Class A)		5,757
	253,439		Chubb Ltd		40,036
	1,003		Church & Dwight Co, Inc		88
	129,786		Cigna Corp		31,374
	617		Cincinnati Financial Corp		64
	359		Cintas Corp		123
	4,483,755		Cisco Systems, Inc		231,855
	1,926,022		Citigroup, Inc		140,118
	536,726		Citizens Financial Group, Inc		23,696
	472		Citrix Systems, Inc		66
	23,269		Clorox Co		4,488
	802	*	Cloudflare, Inc		56
	67,999		CME Group, Inc		13,887
	328,659		CMS Energy Corp		20,120
	3,128,450		Coca-Cola Co		164,901
	705		Cognex Corp		59
	2,157		Cognizant Technology Solutions Corp (Class A)		169
	185,130		Colgate-Palmolive Co		14,594
	1,952,459		Comcast Corp (Class A)		105,648
	4,843,044	*	CommScope Holding Co, Inc		74,389
	220,495		ConAgra Brands, Inc		8,291
	424,630		ConocoPhillips		22,493
	1,351		Consolidated Edison, Inc		101
	57,289		Constellation Brands, Inc (Class A)		13,062
	46,305		Cooper Cos, Inc		17,785
	858	*	Copart, Inc		93
	3,083		Corning, Inc		134
	127,838		Corteva, Inc		5,960

230

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	159	*	CoStar Group, Inc	$	131
	410,077		Costco Wholesale Corp		144,544
	9,683	*	Coty, Inc		87
	278	*	Coupa Software, Inc		71
	707	*	Crowdstrike Holdings, Inc		129
	173,821		Crown Castle International Corp		29,920
	560,098		Crown Holdings, Inc		54,352
	320,933		CSX Corp		30,944
	13,562		Cummins, Inc		3,514
	400,223		CVS Health Corp		30,109
	32,604		CyrusOne, Inc		2,208
	203,803		Danaher Corp		45,872
	32,089		Darden Restaurants, Inc		4,557
	100,249	*	Darling International, Inc		7,376
	714	*	Datadog, Inc		59
	308	*	DaVita, Inc		33
	149,910		Deere & Co		56,087
	999	*	Dell Technologies, Inc		88
	196,364	*	Delta Air Lines, Inc		9,480
	882		Dentsply Sirona, Inc		56
	584,509		Devon Energy Corp		12,772
	44,912	*	DexCom, Inc		16,141
	684,532		Diamondback Energy, Inc		50,306
	33,735		Digital Realty Trust, Inc		4,751
	333,635		Discover Financial Services		31,692
	591	*,e	Discovery, Inc (Class A)		26
	1,247	*	Discovery, Inc (Class C)		46
	54,139	*	DISH Network Corp (Class A)		1,960
	710	*	DocuSign, Inc		144
	39,968		Dollar General Corp		8,098
	63,011	*	Dollar Tree, Inc		7,212
	55,043		Dominion Energy, Inc		4,181
	159		Domino’s Pizza, Inc		58
	582		Dover Corp		80
	1,226,046		Dow, Inc		78,393
	1,397		DR Horton, Inc		124
	715	*	DraftKings, Inc		44
	1,239	*	Dropbox, Inc		33
	781		DTE Energy Co		104
	181,835		Duke Energy Corp		17,553
	42,811		Duke Realty Corp		1,795
	35,635		DuPont de Nemours, Inc		2,754
	724	*	Dynatrace, Inc		35
	33,192		Eastman Chemical Co		3,655
	420,496		Eaton Corp		58,146
	170,350		eBay, Inc		10,432
	30,431		Ecolab, Inc		6,514
	90,852		Edison International		5,324
	54,133	*	Edwards Lifesciences Corp		4,528
	31,123	*	Elanco Animal Health, Inc		917
	1,171		Electronic Arts, Inc		159
	191,273		Eli Lilly & Co		35,734
	2,413		Emerson Electric Co		218
	484	*	Enphase Energy, Inc		78

231

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	186,420		Entergy Corp	$	18,543
	157,610	*	Envista Holdings Corp		6,430
	197,276		EOG Resources, Inc		14,308
	226	*	EPAM Systems, Inc		90
	491		Equifax, Inc		89
	9,145		Equinix, Inc		6,215
	1,095,837		Equitable Holdings, Inc		35,746
	127,358		Equity Lifestyle Properties, Inc		8,105
	66,711		Equity Residential		4,779
	106		Erie Indemnity Co (Class A)		23
	939		Essential Utilities Inc		42
	8,229		Essex Property Trust, Inc		2,237
	77,764		Estee Lauder Cos (Class A)		22,618
	8,400	*	Etsy, Inc		1,694
	161		Everest Re Group Ltd		40
	915		Evergy, Inc		54
	1,383		Eversource Energy		120
	28,837	*	Exact Sciences Corp		3,800
	239,174		Exelon Corp		10,461
	26,355	*	Expedia Group, Inc		4,536
	683		Expeditors International of Washington, Inc		74
	24,420		Extra Space Storage, Inc		3,237
	2,886,323		Exxon Mobil Corp		161,143
	249	*	F5 Networks, Inc		52
	709,842	*	Facebook, Inc		209,070
	153		Factset Research Systems, Inc		47
	117	*	Fair Isaac Corp		57
	2,317		Fastenal Co		116
	11,811		FedEx Corp		3,355
	1,130		Fidelity National Financial Inc		46
	2,504		Fidelity National Information Services, Inc		352
	780,619		Fifth Third Bancorp		29,234
	101,118		First Republic Bank		16,861
	131,672		FirstEnergy Corp		4,568
	2,300	*	Fiserv, Inc		274
	337	*	FleetCor Technologies, Inc		91
	524		FMC Corp		58
	15,768	*	Ford Motor Co		193
	557	*	Fortinet, Inc		103
	279,808		Fortive Corp		19,766
	561		Fortune Brands Home & Security, Inc		54
	1,362		Fox Corp (Class A)		49
	595		Fox Corp (Class B)		21
	1,198		Franklin Resources, Inc		35
	5,306,329	*	Freeport-McMoRan, Inc (Class B)		174,737
	73,239		Gaming and Leisure Properties, Inc		3,108
	579		Garmin Ltd		76
	360	*	Gartner, Inc		66
	254	*	Generac Holdings, Inc		83
	984		General Dynamics Corp		179
	35,349		General Electric Co		464
	60,752		General Mills, Inc		3,725
	18,106,794	*,†,e,q	General Motors Co		0
	1,210,023	*	General Motors Co		69,528

232

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	582		Genuine Parts Co	$	67
	297,319		Gilead Sciences, Inc		19,216
	276,062		Global Payments, Inc		55,649
	485		Globe Life, Inc		47
	678	*	GoDaddy, Inc		53
	404,961		Goldman Sachs Group, Inc		132,422
	56,670	*	Guardant Health, Inc		8,651
	330	*	Guidewire Software, Inc		34
	518,621		Halliburton Co		11,130
	328,450		Hartford Financial Services Group, Inc		21,937
	525		Hasbro, Inc		50
	56,622		HCA Healthcare, Inc		10,664
	41,310		Healthcare Trust of America, Inc		1,139
	126,333		Healthpeak Properties Inc		4,010
	211		HEICO Corp		27
	284		HEICO Corp (Class A)		32
	576	*	Henry Schein, Inc		40
	595		Hershey Co		94
	168,175		Hess Corp		11,900
	5,191		Hewlett Packard Enterprise Co		82
	1,120	*	Hilton Worldwide Holdings, Inc		135
	108,321	*	Hologic, Inc		8,057
	704,515		Home Depot, Inc		215,053
	783,388		Honeywell International, Inc		170,050
	68,394	*	Horizon Therapeutics Plc		6,295
	1,198		Hormel Foods Corp		57
	130,307	*	Host Hotels and Resorts, Inc		2,196
	1,575	*	Howmet Aerospace, Inc		51
	5,542		HP, Inc		176
	170,601		Hubbell, Inc		31,884
	176	*	HubSpot, Inc		80
	30,893		Humana, Inc		12,952
	4,105		Huntington Bancshares, Inc		65
	156		Huntington Ingalls		32
	321	*	IAC/InterActive Corp		69
	305		IDEX Corp		64
	29,193	*	IDEXX Laboratories, Inc		14,284
	26,042		IHS Markit Ltd		2,520
	35,852		Illinois Tool Works, Inc		7,942
	61,609	*	Illumina, Inc		23,662
	751	*	Incyte Corp		61
	517,475	*	Ingersoll Rand, Inc		25,465
	7,984	*	Insulet Corp		2,083
	5,467,419		Intel Corp		349,915
	85,021		Intercontinental Exchange Group, Inc		9,495
	3,596		International Business Machines Corp		479
	966,358		International Flavors & Fragrances, Inc		134,913
	45,091		International Paper Co		2,438
	174,044		Interpublic Group of Cos, Inc		5,082
	151,538		Intuit, Inc		58,048
	27,827	*	Intuitive Surgical, Inc		20,562
	1,579		Invesco Ltd		40
	161,360		Invitation Homes, Inc		5,162
	104,582	*	Ionis Pharmaceuticals, Inc		4,702

233

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	142	*	IPG Photonics Corp	$	30
	93,492	*	IQVIA Holdings, Inc		18,057
	1,168		Iron Mountain, Inc		43
	409,126	e	iShares MSCI Canada Index Fund		13,931
	96,709	e	iShares MSCI South Korea Index Fund		8,675
	460		J.M. Smucker Co		58
	308		Jack Henry & Associates, Inc		47
	523		Jacobs Engineering Group, Inc		68
	36,512	*	Jazz Pharmaceuticals plc		6,001
	4,706		JB Hunt Transport Services, Inc		791
	205,700		JBS S.A.		1,107
	646,773		Johnson & Johnson		106,297
	2,921		Johnson Controls International plc		174
	2,174,524		JPMorgan Chase & Co		331,028
	1,607		Juniper Networks, Inc		41
	86,199		Kansas City Southern		22,750
	1,040		Kellogg Co		66
	1,636,485		Keurig Dr Pepper, Inc		56,246
	3,940		Keycorp		79
	748	*	Keysight Technologies, Inc		107
	15,932		Kilroy Realty Corp		1,046
	79,202		Kimberly-Clark Corp		11,013
	8,222		Kinder Morgan, Inc		137
	31,730		KKR & Co, Inc		1,550
	113,826		KLA Corp		37,608
	511		Knight-Swift Transportation Holdings, Inc		25
	2,713		Kraft Heinz Co		109
	185,133		Kroger Co		6,663
	848		L3Harris Technologies, Inc		172
	25,021	*	Laboratory Corp of America Holdings		6,381
	581		Lam Research Corp		346
	591		Lamb Weston Holdings, Inc		46
	819,667	*	Las Vegas Sands Corp		49,803
	230		Lear Corp		42
	546		Leidos Holdings, Inc		53
	1,110		Lennar Corp (Class A)		112
	139		Lennox International, Inc		43
	102	*	Liberty Broadband Corp (Class A)		15
	642	*	Liberty Broadband Corp (Class C)		96
	806	*	Liberty Media Group (Class C)		35
	361	*	Liberty SiriusXM Group (Class A)		16
	661	*	Liberty SiriusXM Group (Class C)		29
	780		Lincoln National Corp		49
	657	*	Live Nation, Inc		56
	1,167	*	LKQ Corp		49
	1,016		Lockheed Martin Corp		375
	998		Loews Corp		51
	245,388		Lowe’s Companies, Inc		46,668
	117,201	*	Lululemon Athletica, Inc		35,947
	3,763		Lumen Technologies, Inc		50
	46,061		LyondellBasell Industries NV		4,793
	518		M&T Bank Corp		79
	273,094		Marathon Petroleum Corp		14,608
	56	*	Markel Corp		64

234

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	153		MarketAxess Holdings, Inc	$	76
	16,894	*	Marriott International, Inc (Class A)		2,502
	101,837		Marsh & McLennan Cos, Inc		12,404
	251		Martin Marietta Materials, Inc		84
	2,704		Marvell Technology Group Ltd		132
	1,056		Masco Corp		63
	31,234	*	Masimo Corp		7,173
	602,067		Mastercard, Inc (Class A)		214,366
	898,573	*	Match Group, Inc		123,446
	1,079		Maxim Integrated Products, Inc		99
	1,004		McCormick & Co, Inc		90
	714,434		McDonald’s Corp		160,133
	65,331		McKesson Corp		12,742
	2,314		Medical Properties Trust, Inc		49
	1,365,682		Medtronic plc		161,328
	672,421		Merck & Co, Inc		51,837
	39,440		Metlife, Inc		2,398
	596	*	Mettler-Toledo International, Inc		689
	61,089		MGM Growth Properties LLC		1,993
	1,894		MGM Resorts International		72
	1,051		Microchip Technology, Inc		163
	599,331	*	Micron Technology, Inc		52,867
	3,046,325		Microsoft Corp		718,232
	19,580		Mid-America Apartment Communities, Inc		2,827
	1,118	*	Moderna, Inc		146
	245	*	Mohawk Industries, Inc		47
	239	*	Molina Healthcare, Inc		56
	771	*	Molson Coors Brewing Co (Class B)		39
	622,446		Mondelez International, Inc		36,432
	214	*	MongoDB, Inc		57
	173		Monolithic Power Systems, Inc		61
	1,040,207	*	Monster Beverage Corp		94,752
	6,075		Moody’s Corp		1,814
	2,708,305		Morgan Stanley		210,327
	1,459		Mosaic Co		46
	684		Motorola Solutions, Inc		129
	3,031		MSCI, Inc (Class A)		1,271
	463		Nasdaq Inc		68
	52,173		National Storage Affiliates Trust		2,083
	896		NetApp, Inc		65
	89,663	*	Netflix, Inc		46,774
	352	*	Neurocrine Biosciences, Inc		34
	35,094	*	Nevro Corp		4,896
	1,633		Newell Brands Inc		44
	237,749		Newmont Goldcorp Corp		14,329
	1,577		News Corp (Class A)		40
	504,089		NextEra Energy, Inc		38,114
	1,134,695		Nike, Inc (Class B)		150,790
	1,531		NiSource, Inc		37
	222		Nordson Corp		44
	1,025		Norfolk Southern Corp		275
	798		Northern Trust Corp		84
	140,541		Northrop Grumman Corp		45,485
	2,269		NortonLifelock, Inc		48

235

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	350	*	Novocure Ltd	$	46
	62,043		NRG Energy, Inc		2,341
	124,590		Nucor Corp		10,001
	16,571		NVIDIA Corp		8,848
	14	*	NVR, Inc		66
	289,971		Occidental Petroleum Corp		7,719
	594		OGE Energy Corp		19
	484	*	Okta, Inc		107
	379		Old Dominion Freight Line		91
	891		Omega Healthcare Investors, Inc		33
	867		Omnicom Group, Inc		64
	1,180,714	*	ON Semiconductor Corp		49,130
	103,518		ONEOK, Inc		5,244
	7,897		Oracle Corp		554
	4,555	*	O’Reilly Automotive, Inc		2,311
	84,612		Otis Worldwide Corp		5,792
	148,082		Owens Corning, Inc		13,637
	1,398		PACCAR, Inc		130
	15,622		Packaging Corp of America		2,101
	1,148,704		Pactiv Evergreen, Inc		15,783
	384	*	Palo Alto Networks, Inc		124
	167,076		Parker-Hannifin Corp		52,701
	1,306		Paychex, Inc		128
	201	*	Paycom Software, Inc		74
	930,435	*	PayPal Holdings, Inc		225,947
	361,055	*	Peloton Interactive, Inc		40,597
	671		Pentair plc		42
	306,158		PepsiCo, Inc		43,306
	59,183	*	Performance Food Group Co		3,410
	452		PerkinElmer, Inc		58
	173,471	*,e	Petco Health & Wellness Co, Inc		3,844
	967,135		Pfizer, Inc		35,039
	366,337	*	PG&E Corp		4,290
	264,306		Philip Morris International, Inc		23,455
	128,667		Phillips 66		10,492
	449		Pinnacle West Capital Corp		37
	29,679	*	Pinterest, Inc		2,197
	141,651		Pioneer Natural Resources Co		22,497
	1,889	*	Plug Power, Inc		68
	1,710		PNC Financial Services Group, Inc		300
	162		Pool Corp		56
	487	*	PPD, Inc		18
	147,834		PPG Industries, Inc		22,214
	3,102		PPL Corp		89
	1,109		Principal Financial Group		66
	1,523,836		Procter & Gamble Co		206,373
	220,041		Progressive Corp		21,038
	213,604		Prologis, Inc		22,642
	100,314		Prudential Financial, Inc		9,139
	447	*	PTC, Inc		62
	2,041		Public Service Enterprise Group, Inc		123
	29,810		Public Storage, Inc		7,356
	1,082		Pulte Homes, Inc		57
	460	*	Qorvo, Inc		84

236

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	49,276	e	QTS Realty Trust, Inc	$	3,057
	4,564		QUALCOMM, Inc		605
	79,100		Quest Diagnostics, Inc		10,152
	497		Raymond James Financial, Inc		61
	543,039		Raytheon Technologies Corp		41,961
	42,726		Realty Income Corp		2,713
	114,718		Regency Centers Corp		6,506
	8,423	*	Regeneron Pharmaceuticals, Inc		3,985
	3,876		Regions Financial Corp		80
	268		Reinsurance Group of America, Inc (Class A)		34
	900		Republic Services, Inc		89
	7,072		Resmed, Inc		1,372
	312,302		Rexford Industrial Realty, Inc		15,740
	304	*	RingCentral, Inc		91
	452		Robert Half International, Inc		35
	66,785		Rockwell Automation, Inc		17,727
	8,331	*	Roku, Inc		2,714
	844		Rollins, Inc		29
	62,173		Roper Technologies Inc		25,077
	33,920		Ross Stores, Inc		4,067
	34,895	*	Royal Caribbean Cruises Ltd		2,987
	663	e	Royalty Pharma plc		29
	88,591		RPM International, Inc		8,137
	58,704		S&P Global, Inc		20,715
	110,849		Sabra Healthcare REIT, Inc		1,924
	1,134,781	*	salesforce.com, Inc		240,426
	321	*	Sarepta Therapeutics, Inc		24
	17,478		SBA Communications Corp		4,851
	391,919		Schlumberger Ltd		10,656
	933	e	Seagate Technology, Inc		72
	487,807	*	Seagen, Inc		67,737
	545		Sealed Air Corp		25
	460		SEI Investments Co		28
	69,697		Sempra Energy		9,240
	767	*	Sensata Technologies Holding plc		44
	175,150	*	ServiceNow, Inc		87,594
	14,217		Sherwin-Williams Co		10,492
	605,076		Simon Property Group, Inc		68,839
	3,892	e	Sirius XM Holdings, Inc		24
	670		Skyworks Solutions, Inc		123
	4,007	e	SL Green Realty Corp		280
	1,852	*	Slack Technologies, Inc		75
	3,737	*	Snap, Inc		195
	207		Snap-On, Inc		48
	111	*	Snowflake, Inc		25
	207	*	SolarEdge Technologies, Inc		59
	4,262		Southern Co		265
	588	*	Southwest Airlines Co		36
	647	*	Splunk, Inc		88
	1,549	*	Square, Inc		352
	930		SS&C Technologies Holdings, Inc		65
	15,066		Stanley Black & Decker, Inc		3,008
	235,314		Starbucks Corp		25,713
	22,883		State Street Corp		1,922

237

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	229,698		Steel Dynamics, Inc	$	11,659
	344		STERIS plc		66
	113,171		Stryker Corp		27,566
	62,292		Sun Communities, Inc		9,346
	351	*	Sunrun, Inc		21
	209	*	SVB Financial Group		103
	375,774		Synchrony Financial		15,279
	612	*	Synopsys, Inc		152
	53,361		SYSCO Corp		4,202
	914		T Rowe Price Group, Inc		157
	538,722	*	Take-Two Interactive Software, Inc		95,192
	627,475		Target Corp		124,284
	218,553		TE Connectivity Ltd		28,217
	25,608	*,e	Teladoc, Inc		4,654
	149	*	Teledyne Technologies, Inc		62
	16,332		Teleflex, Inc		6,785
	670		Teradyne, Inc		82
	41,310		Terreno Realty Corp		2,386
	256,413	*	Tesla, Inc		171,266
	3,704		Texas Instruments, Inc		700
	282,694		Textron, Inc		15,853
	119,347		Thermo Fisher Scientific, Inc		54,468
	270,262		TJX Companies, Inc		17,878
	316,685	*	T-Mobile US, Inc		39,677
	470		Tractor Supply Co		83
	169	*	Trade Desk, Inc		110
	336		Tradeweb Markets, Inc		25
	455,818		Trane Technologies plc		75,465
	209	*	TransDigm Group, Inc		123
	768		TransUnion		69
	1,022		Travelers Cos, Inc		154
	1,010	*	Trimble Inc		79
	434,696		Tronox Holdings plc		7,955
	5,440		Truist Financial Corp		317
	566	*	Twilio, Inc		193
	3,209	*	Twitter, Inc		204
	163	*	Tyler Technologies, Inc		69
	26,135		Tyson Foods, Inc (Class A)		1,942
	871,825	*	Uber Technologies, Inc		47,523
	1,188		UDR, Inc		52
	823		UGI Corp		34
	19,709	*	Ulta Beauty, Inc		6,093
	927,877		Union Pacific Corp		204,513
	104,154		United Parcel Service, Inc (Class B)		17,705
	161,546	*	United Rentals, Inc		53,199
	480,439		UnitedHealth Group, Inc		178,757
	314		Universal Health Services, Inc (Class B)		42
	753,483		US Bancorp		41,675
	5,205	*	Vail Resorts, Inc		1,518
	161,973		Valero Energy Corp		11,597
	1,071,095	e	Vanguard Emerging Markets ETF		55,750
	50,000		Vanguard FTSE Developed Markets ETF		2,455
	369	*	Varian Medical Systems, Inc		65
	45,509	*	Veeva Systems, Inc		11,889

238

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	110,155		Ventas, Inc	$	5,876
	856		VEREIT, Inc		33
	414	*	VeriSign, Inc		82
	623		Verisk Analytics, Inc		110
	896,058		Verizon Communications, Inc		52,106
	22,850	*	Vertex Pharmaceuticals, Inc		4,910
	29,876		VF Corp		2,388
	91,207		ViacomCBS, Inc (Class B)		4,113
	12,630	*	Viatris, Inc		176
	121,432	e	VICI Properties, Inc		3,429
	907,374		Visa, Inc (Class A)		192,118
	85,076		Vistra Energy Corp		1,504
	343	*	VMware, Inc (Class A)		52
	611		Vornado Realty Trust		28
	479,640		Voya Financial, Inc		30,524
	8,907		Vulcan Materials Co		1,503
	574		W.R. Berkley Corp		43
	97,675		W.W. Grainger, Inc		39,161
	730		Wabtec Corp		58
	2,970		Walgreens Boots Alliance, Inc		163
	1,075,657		Walmart, Inc		146,107
	1,259,242	*	Walt Disney Co		232,355
	1,061		Waste Connections, Inc		115
	1,705		Waste Management, Inc		220
	250	*	Waters Corp		71
	279	*,e	Wayfair, Inc		88
	1,273		WEC Energy Group, Inc		119
	463,772		Wells Fargo & Co		18,120
	58,926		Welltower, Inc		4,221
	55,496		West Pharmaceutical Services, Inc		15,638
	1,228		Western Digital Corp		82
	1,661		Western Union Co		41
	1,060		WestRock Co		55
	80,559		Weyerhaeuser Co		2,868
	36,744		Whirlpool Corp		8,097
	295,736		Williams Cos, Inc		7,006
	8,263		Willis Towers Watson plc		1,891
	726	*	Workday, Inc		180
	708		WP Carey, Inc		50
	905,381	*	Wynn Resorts Ltd		113,508
	73,586		Xcel Energy, Inc		4,894
	989		Xilinx, Inc		123
	369	*	XPO Logistics, Inc		45
	727		Xylem, Inc		76
	296,451	*	YETI Holdings, Inc		21,407
	105,858		Yum! Brands, Inc		11,452
	215	*	Zebra Technologies Corp (Class A)		104
	471	*	Zendesk, Inc		62
	234	*	Zillow Group, Inc (Class A)		31
	602	*	Zillow Group, Inc (Class C)		78
	107,224		Zimmer Biomet Holdings, Inc		17,164
	107,121		Zoetis, Inc		16,869
	786	*	Zoom Video Communications, Inc		253
	298	*	Zscaler, Inc		51
			TOTAL UNITED STATES		14,371,758

239

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY					VALUE (000)
VIETNAM - 0.0%
	148,200		Saigon Beer Alcohol Beverage Corp					$	1,158
			TOTAL VIETNAM						1,158
ZAMBIA - 0.1%
	697,460		First Quantum Minerals Ltd						13,292
			TOTAL ZAMBIA						13,292
			TOTAL COMMON STOCKS						24,979,134
			(Cost $19,125,822)
RIGHTS / WARRANTS - 0.0%
AUSTRALIA - 0.0%
	89,428	e	PointsBet Holdings Ltd						266
			TOTAL AUSTRALIA						266
CHILE - 0.0%
	4,180		Sociedad Quimica y Minera de Chile S.A.						17
			TOTAL CHILE						17
GERMANY - 0.0%
	649,722		Paion AG.						16
			TOTAL GERMANY						16
SWITZERLAND - 0.0%
	177,738		Cie Financiere Richemont S.A.						68
			TOTAL SWITZERLAND						68
THAILAND - 0.0%
	3,000		Srisawad Corp PCL						2
			TOTAL THAILAND						2
			TOTAL RIGHTS / WARRANTS						369
			(Cost $2)
PRINCIPAL			ISSUER	RATE			MATURITY DATE
SHORT-TERM INVESTMENTS - 2.6%
GOVERNMENT AGENCY DEBT - 1.7%
$	6,491,000		Federal Farm Credit Bank (FFCB)		0.010	%	04/01/21		6,491
	25,000,000		FFCB		0.040		04/13/21		25,000
	5,000,000		FFCB		0.010		04/23/21		5,000
	10,000,000		FFCB		0.040		04/30/21		10,000
	7,753,000		Federal Home Loan Bank (FHLB)		0.005		04/07/21		7,753
	11,307,000		FHLB		0.025-0.085		04/08/21		11,307
	40,000,000		FHLB		0.035-0.085		04/09/21		40,000
	23,000,000		FHLB		0.030-0.039		04/14/21		23,000
	35,874,000		FHLB		0.010		04/16/21		35,874
	25,500,000		FHLB		0.020-0.035		04/21/21		25,500

240

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE (000)
	33,708,000		FHLB	0.010%-0.030%		04/23/21	$	33,708
	26,640,000		FHLB		0.010	04/26/21		26,640
	313,000		FHLB		0.005	05/05/21		313
	6,505,000		FHLB		0.010	05/12/21		6,505
	20,000,000		FHLB		0.012	05/19/21		20,000
	40,000,000		FHLB		0.035	05/20/21		39,999
	37,974,000		FHLB		0.100	06/16/21		37,972
	12,200,000		FHLB		0.075	07/07/21		12,199
	14,977,000		FHLB		0.087	07/09/21		14,976
	11,000,000		FHLB		0.045-0.054	08/13/21		10,999
	27,500,000		FHLB		0.055	09/01/21		27,495
	7,080,000		Tennessee Valley Authority (TVA)		0.022	04/07/21		7,080
			TOTAL GOVERNMENT AGENCY DEBT					427,811
TREASURY DEBT - 0.4%
	30,690,000		United States Treasury Bill		0.037	04/15/21		30,690
	25,000,000		United States Treasury Bill		0.095	04/29/21		25,000
	10,000,000		United States Treasury Bill		0.010	05/13/21		10,000
	33,170,000		United States Treasury Bill		0.042	05/27/21		33,169
			TOTAL TREASURY DEBT					98,859
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED - 0.5%
COMMERCIAL PAPER - 0.1%
	7,000,000		BNP Paribas		0.000	08/30/21		6,995
	5,000,000		Credit Agricole		0.000	08/25/21		4,997
	5,000,000		Lloyds Bank plc		0.000	07/27/21		4,998
			TOTAL COMMERCIAL PAPER					16,990
REPURCHASE AGREEMENT - 0.4%
	13,000,000	r	Citigroup		0.010	04/01/21		13,000
	10,000,000	s	Deutsche Bank		0.003	04/01/21		10,000
	10,000,000	t	Goldman Sachs		0.005	04/01/21		10,000
	4,000,000	u	JP Morgan Securities LLC		0.005	04/01/21		4,000
	25,000,000	v	Merrill Lynch		0.010	04/01/21		25,000
	15,000,000	w	Nomura		0.005	04/01/21		15,000
	20,000,000	x	Royal Bank of Scotland		0.005	04/01/21		20,000
	15,000,000	y	Societe Generale		0.010	04/01/21		15,000
			TOTAL REPURCHASE AGREEMENT					112,000
			TOTAL INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED					128,990
			TOTAL SHORT-TERM INVESTMENTS					655,660
			(Cost $655,639)
			TOTAL INVESTMENTS - 100.3%					25,635,163
			(Cost $19,781,463)
			OTHER ASSETS & LIABILITIES, NET - (0.3)%					(72,294	)
			NET ASSETS - 100.0%				$	25,562,869

	Abbreviation(s):
ADR	American Depositary Receipt
ETF	Exchange Traded Fund
GDR	Global Depositary Receipt
NVDR	Non Voting Depositary Receipt
REIT	Real Estate Investment Trust

241

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

*	Non-income producing
^	Amount represents less than $1,000.
†	Security is categorized as Level 3 in the fair value hierarchy.
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 $191,762,460.
g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At 3/31/21, the aggregate value of these securities is $402,591,282 or 1.6% of net assets.
q	In default.
r	Agreement with Citigroup, 0.010% dated 3/31/2021 to be repurchased at $13,000,000 on 4/01/21, collateralized by U.S. Government Agency Securities valued at $13,260,053.
s	Agreement with Deutsche Bank, 0.003% dated 3/31/2021 to be repurchased at $10,000,000 on 4/01/21, collateralized by U.S. Government Agency Securities valued at $10,200,021.
t	Agreement with Goldman Sachs, 0.005% dated 3/31/2021 to be repurchased at $10,000,000 on 4/01/21, collateralized by U.S. Government Agency Securities valued at $10,200,000.
u	Agreement with JP Morgan Securities LLC, 0.005% dated 3/31/2021 to be repurchased at $4,000,000 on 4/01/21, collateralized by U.S. Government Agency Securities valued at $4,080,000.
v	Agreement with Merrill Lynch, 0.010% dated 3/31/2021 to be repurchased at $25,000,000 on 4/01/21, collateralized by U.S. Government Agency Securities valued at $25,500,000.
w	Agreement with Nomura, 0.005% dated 3/31/2021 to be repurchased at $15,000,000 on 4/01/21, collateralized by U.S. Government Agency Securities valued at $15,300,000.
x	Agreement with Royal Bank of Scotland, 0.005% dated 3/31/2021 to be repurchased at $20,000,000 on 4/01/21, collateralized by U.S. Government Agency Securities valued at $20,400,008.
y	Agreement with Societe Generale, 0.010% dated 3/31/2021 to be repurchased at $15,000,000 on 4/01/21, collateralized by U.S. Government Agency Securities valued at $15,300,000.

Cost amounts are in thousands.

Futures contracts outstanding as of March 31, 2021 were as follows (notional amounts and values are in thousands):

Description	Number of long (short) contracts		Expiration date	Notional amount		Value		Unrealized appreciation (depreciation)
MSCI EAFE Index		1,180	06/18/21	$	129,626	$	129,328	$	(298	)
S&P 500 E Mini Index		1,445	06/18/21		281,297		286,645		5,348
Total		2,625		$	410,923	$	415,973	$	5,050

242

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

COLLEGE RETIREMENT EQUITIES FUND
GLOBAL EQUITIES ACCOUNT
SUMMARY OF MARKET VALUES BY SECTOR (unaudited)
March 31, 2021

SECTOR	VALUE (000)			% OF ASSETS
INFORMATION TECHNOLOGY	$	5,463,009			21.4	%
CONSUMER DISCRETIONARY		3,493,780			13.7
FINANCIALS		3,353,973			13.1
HEALTH CARE		2,700,416			10.6
INDUSTRIALS		2,652,854			10.4
COMMUNICATION SERVICES		2,401,828			9.4
CONSUMER STAPLES		1,706,566			6.7
MATERIALS		1,490,892			5.8
ENERGY		676,236			2.6
UTILITIES		593,149			2.3
REAL ESTATE		446,800			1.7
SHORT-TERM INVESTMENTS		655,660			2.6
OTHER ASSETS & LIABILITES, NET		(72,294	)		(0.3	)
NET ASSETS	$	25,562,869			100.0	%

243

COLLEGE RETIREMENT EQUITIES FUND - Growth Account

COLLEGE RETIREMENT EQUITIES FUND

GROWTH ACCOUNT

SCHEDULE OF INVESTMENTS (unaudited)

March 31, 2021

SHARES			COMPANY	VALUE (000)
COMMON STOCKS - 99.7%
AUTOMOBILES & COMPONENTS - 2.3%
	32,212		BorgWarner, Inc	$	1,493
	1,530,403	*	General Motors Co		87,937
	1,084,365	*	Tesla, Inc		724,280
			TOTAL AUTOMOBILES & COMPONENTS		813,710
BANKS - 0.0%
	37,347	e	Rocket Cos, Inc		862
			TOTAL BANKS		862
CAPITAL GOODS - 1.8%
	366,955		3M Co		70,705
	59,127		Allegion plc		7,428
	60,848		Allison Transmission Holdings, Inc		2,484
	17,605		Armstrong World Industries, Inc		1,586
	4,423	*	Array Technologies, Inc		132
	60,962	*	Axon Enterprise, Inc		8,682
	6,832	*	AZEK Co, Inc		287
	53,968		BWX Technologies, Inc		3,559
	310,817		Carrier Global Corp		13,123
	12,306	e	Donaldson Co, Inc		716
	458,367		Fastenal Co		23,047
	54,219	*	Generac Holdings, Inc		17,754
	80,748		Graco, Inc		5,783
	37,680		HEICO Corp		4,740
	64,940		HEICO Corp (Class A)		7,377
	3,620		Huntington Ingalls		745
	137,612		Illinois Tool Works, Inc		30,484
	1,108,252	*	Liberty Media Acquisition Corp		11,869
	24,601		Lincoln Electric Holdings, Inc		3,024
	244,949		Lockheed Martin Corp		90,509
	37,166	*	Mercury Systems, Inc		2,626
	45,555		Nordson Corp		9,051
	140,817		Northrop Grumman Corp		45,574
	27,736		Quanta Services, Inc		2,440
	56,111		Rockwell Automation, Inc		14,894
	524,649		Roper Technologies Inc		211,612
	7,027	*	Shoals Technologies Group, Inc		244
	93,054		Toro Co		9,598
	12,083	*	TransDigm Group, Inc		7,104
	114,539	*	Trex Co, Inc		10,485
	234,554		Vertiv Holdings Co		4,691
	55,727	*,e	Virgin Galactic Holdings, Inc		1,707
	31,706		W.W. Grainger, Inc		12,712
			TOTAL CAPITAL GOODS		636,772

244

COLLEGE RETIREMENT EQUITIES FUND - Growth Account

SHARES			COMPANY	VALUE (000)
COMMERCIAL & PROFESSIONAL SERVICES - 1.8%
	132,982		Booz Allen Hamilton Holding Co	$	10,709
	4,061	*	CACI International, Inc (Class A)		1,002
	503,047	*	Cimpress plc		50,370
	77,988		Cintas Corp		26,618
	3,115,549	*	Clarivate Analytics plc		82,219
	201,001	*	Copart, Inc		21,831
	3,910		CoreLogic Inc		310
	38,869	*	CoStar Group, Inc		31,946
	694,551	*	Driven Brands Holdings, Inc		17,655
	67,674	*	Dun & Bradstreet Holdings, Inc		1,611
	90,058		Equifax, Inc		16,312
	3,570,018		Experian Group Ltd		122,991
	32,835	*	IAA, Inc		1,810
	213,066		IHS Markit Ltd		20,621
	14,484		Leidos Holdings, Inc		1,394
	8,017		MSA Safety, Inc		1,203
	189,124		Rollins, Inc		6,510
	7,184		Science Applications International Corp		600
	174,578		TransUnion		15,712
	157,121		Verisk Analytics, Inc		27,762
	1,659,665		Waste Connections, Inc		179,211
	49,441		Waste Management, Inc		6,379
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		644,776
CONSUMER DURABLES & APPAREL - 1.6%
	486,945		Essilor International S.A.		79,327
	112,037	*	Lululemon Athletica, Inc		34,363
	206,827	*	Mattel, Inc		4,120
	2,290,389		Nike, Inc (Class B)		304,370
	340	*	NVR, Inc		1,602
	835,771	*	Peloton Interactive, Inc		93,974
	6,195		Polaris Inc		827
	9,814,500		Prada S.p.A		61,389
	142,920		Tempur Sealy International, Inc		5,225
	19,490		VF Corp		1,558
			TOTAL CONSUMER DURABLES & APPAREL		586,755
CONSUMER SERVICES - 3.3%
	94,610	*,e	Airbnb, Inc		17,781
	168,472	*	Booking Holdings, Inc		392,513
	43,314	*	Bright Horizons Family Solutions		7,426
	7,164,332	*	Carnival Corp		190,141
	130,232	*	Chegg, Inc		11,156
	135,618	*	Chipotle Mexican Grill, Inc (Class A)		192,689
	39,029		Domino’s Pizza, Inc		14,354
	660,162	*	Flutter Entertainment plc		141,044
	13,582	*	frontdoor, Inc		730
	108,476		H&R Block, Inc		2,365
	1,748,525	*	Las Vegas Sands Corp		106,240
	105,229		McDonald’s Corp		23,586
	46,398	*	Planet Fitness, Inc		3,587
	667,627		Starbucks Corp		72,952
	3,066	*	Vail Resorts, Inc		894

245

COLLEGE RETIREMENT EQUITIES FUND - Growth Account

SHARES			COMPANY	VALUE (000)
	157,955		Wendy’s	$	3,200
	24,094	*	Wynn Resorts Ltd		3,021
	28,178		Yum China Holdings, Inc		1,668
	21,387		Yum! Brands, Inc		2,314
			TOTAL CONSUMER SERVICES		1,187,661
DIVERSIFIED FINANCIALS - 2.1%
	76,640		Apollo Global Management, Inc		3,603
	90,182		Ares Management Corp		5,053
	11,397		Carlyle Group, Inc		419
	24,039		CBOE Global Markets, Inc		2,372
	681	*,e	Credit Acceptance Corp		245
	36,201		Factset Research Systems, Inc		11,171
	192,119		Intercontinental Exchange Group, Inc		21,456
	1,509,500		iShares Russell 1000 Growth Index Fund		366,869
	10,193	*,e	LendingTree, Inc		2,171
	6,451		LPL Financial Holdings, Inc		917
	36,098		MarketAxess Holdings, Inc		17,974
	160,271		Moody’s Corp		47,858
	18,666		Morningstar, Inc		4,200
	79,486		MSCI, Inc (Class A)		33,327
	1,191,512	*	Ribbit LEAP Ltd		13,107
	520,296		S&P Global, Inc		183,597
	81,955		SLM Corp		1,473
	56,800		T Rowe Price Group, Inc		9,747
	66,845		Tradeweb Markets, Inc		4,946
	2,853	*,e	Upstart Holdings, Inc		368
	57,638		Virtu Financial, Inc		1,790
			TOTAL DIVERSIFIED FINANCIALS		732,663
ENERGY - 0.0%
	229,840	*	Cheniere Energy, Inc		16,551
	40,987		Equitrans Midstream Corp		334
			TOTAL ENERGY		16,885
FOOD & STAPLES RETAILING - 1.4%
	57,144	e	Albertsons Cos, Inc		1,090
	1,333,087		Costco Wholesale Corp		469,886
	39,003	*	Grocery Outlet Holding Corp		1,439
	99,092	*	Sprouts Farmers Market, Inc		2,638
	343,584		SYSCO Corp		27,054
			TOTAL FOOD & STAPLES RETAILING		502,107
FOOD, BEVERAGE & TOBACCO - 2.3%
	802,821		Altria Group, Inc		41,072
	38,669	*,e	Beyond Meat, Inc		5,032
	8,686	*	Boston Beer Co, Inc (Class A)		10,478
	31,307		Brown-Forman Corp (Class A)		1,993
	147,725		Brown-Forman Corp (Class B)		10,188
	96,394		Campbell Soup Co		4,846
	2,242,834		Coca-Cola Co		118,220
	150,524		Constellation Brands, Inc (Class A)		34,319
	7,378,318		Davide Campari-Milano NV		82,582
	110,964		Hershey Co		17,550

246

COLLEGE RETIREMENT EQUITIES FUND - Growth Account

SHARES			COMPANY	VALUE (000)
	79,616		Kellogg Co	$	5,040
	2,424,535		Keurig Dr Pepper, Inc		83,331
	35,050		Lamb Weston Holdings, Inc		2,716
	137,152		McCormick & Co, Inc		12,228
	2,555,304	*	Monster Beverage Corp		232,763
	1,004,947		PepsiCo, Inc		142,150
	534	*	Pilgrim’s Pride Corp		13
			TOTAL FOOD, BEVERAGE & TOBACCO		804,521
HEALTH CARE EQUIPMENT & SERVICES - 5.7%
	654,736		Abbott Laboratories		78,463
	44,058	*	Abiomed, Inc		14,043
	1,173,934		Alcon, Inc		82,381
	399,307	*	Align Technology, Inc		216,237
	32,611	*	Amedisys, Inc		8,635
	32,118	*	American Well Corp		558
	69,722		AmerisourceBergen Corp		8,232
	63,695		Anthem, Inc		22,863
	210,988		Baxter International, Inc		17,795
	2,167,808	*	Boston Scientific Corp		83,786
	285,102		Cardinal Health, Inc		17,320
	161,444	*	Centene Corp		10,318
	300,731		Cerner Corp		21,616
	16,730	*	Certara, Inc		457
	183,796	*	Change Healthcare, Inc		4,062
	15,397		Chemed Corp		7,080
	907,897		Cigna Corp		219,475
	5,207		Cooper Cos, Inc		2,000
	9,159	*	DaVita, Inc		987
	313,155	*	DexCom, Inc		112,545
	610,003	*	Edwards Lifesciences Corp		51,021
	38,980		Encompass Health Corp		3,192
	417,796	*,e	GoodRx Holdings, Inc		16,302
	888,345	*	Guardant Health, Inc		135,606
	43,107	*	Haemonetics Corp		4,785
	138,090		HCA Healthcare, Inc		26,008
	7,827		Hill-Rom Holdings, Inc		865
	178,907	*	Hologic, Inc		13,307
	48,567		Humana, Inc		20,362
	5,276	*	ICU Medical, Inc		1,084
	83,800	*	IDEXX Laboratories, Inc		41,004
	65,908	*	Insulet Corp		17,197
	311,749	*	Intuitive Surgical, Inc		230,364
	5,411	*	Laboratory Corp of America Holdings		1,380
	48,792	*	Masimo Corp		11,206
	118,669		McKesson Corp		23,145
	38,236	*	Molina Healthcare, Inc		8,938
	98,908	*	Novocure Ltd		13,074
	582,534	*,e	Oak Street Health, Inc		31,614
	32,056	*	Penumbra, Inc		8,674
	35,942	*	Quidel Corp		4,598
	141,818		Resmed, Inc		27,515
	15,531	*	Signify Health, Inc		454
	4,482		STERIS plc		854

247

COLLEGE RETIREMENT EQUITIES FUND - Growth Account

SHARES			COMPANY	VALUE (000)
	110,220		Stryker Corp	$	26,847
	54,924	*	Tandem Diabetes Care, Inc		4,847
	98,281	*	Teladoc, Inc		17,863
	29,407		Teleflex, Inc		12,217
	776,206		UnitedHealth Group, Inc		288,803
	8,739	*	Varian Medical Systems, Inc		1,543
	135,382	*	Veeva Systems, Inc		35,367
	72,111		West Pharmaceutical Services, Inc		20,319
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		2,029,208
HOUSEHOLD & PERSONAL PRODUCTS - 1.1%
	244,850		Church & Dwight Co, Inc		21,387
	89,698		Clorox Co		17,301
	49,595		Energizer Holdings, Inc		2,354
	666,811		Estee Lauder Cos (Class A)		193,942
	11,788	*	Herbalife Nutrition Ltd		523
	1,075,751		Procter & Gamble Co		145,689
	11,781		Reynolds Consumer Products, Inc		351
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		381,547
INSURANCE - 0.4%
	1,274	*	Alleghany Corp		798
	224,174		Aon plc		51,585
	7,979		Axis Capital Holdings Ltd		395
	11,775		Brown & Brown, Inc		538
	13,602		Erie Indemnity Co (Class A)		3,005
	678	*	GoHealth, Inc		8
	23,531		Lincoln National Corp		1,465
	387,020		Marsh & McLennan Cos, Inc		47,139
	25,307		Primerica, Inc		3,741
	168,263		Progressive Corp		16,088
	14,353		RenaissanceRe Holdings Ltd		2,300
			TOTAL INSURANCE		127,062
MATERIALS - 0.6%
	28,905		Air Products & Chemicals, Inc		8,132
	194,178		Amcor plc		2,268
	35,972		Avery Dennison Corp		6,606
	297,502		Ball Corp		25,210
	47,639	*	Berry Global Group, Inc		2,925
	14,754		Crown Holdings, Inc		1,432
	47,689		Ecolab, Inc		10,209
	26,848		FMC Corp		2,969
	59,567		Graphic Packaging Holding Co		1,082
	292,806		Linde plc		82,027
	4,487		NewMarket Corp		1,706
	43,243		Royal Gold, Inc		4,654
	105,692		RPM International, Inc		9,708
	36,553		Scotts Miracle-Gro Co (Class A)		8,954
	81,911		Sherwin-Williams Co		60,451
	20,266		W R Grace & Co		1,213
			TOTAL MATERIALS		229,546

248

COLLEGE RETIREMENT EQUITIES FUND - Growth Account

SHARES			COMPANY	VALUE (000)
MEDIA & ENTERTAINMENT - 14.2%
	297,252		Activision Blizzard, Inc	$	27,644
	229,894	*	Alphabet, Inc (Class A)		474,161
	694,933	*	Alphabet, Inc (Class C)		1,437,559
	222,444	*	Altice USA, Inc		7,236
	5,305		Cable One, Inc		9,699
	125,455	*	Charter Communications, Inc		77,408
	727,422		Comcast Corp (Class A)		39,361
	1,129,916		Electronic Arts, Inc		152,957
	4,971,874	*	Facebook, Inc		1,464,366
	1,164,402	*	IAC/InterActive Corp		251,872
	10,914	*	Liberty SiriusXM Group (Class A)		481
	22,415	*	Liberty SiriusXM Group (Class C)		989
	140,153	*	Live Nation, Inc		11,864
	1,708,757	*	Match Group, Inc		234,749
	621,291	*	Netflix, Inc		324,103
	29,817		Nexstar Media Group Inc		4,187
	330,660	*	Pinterest, Inc		24,479
	36,687	*	Playtika Holding Corp		998
	107,176	*	Roku, Inc		34,915
	648,964	e	Sirius XM Holdings, Inc		3,952
	132,521	*	Spotify Technology S.A.		35,509
	104,850	*	Take-Two Interactive Software, Inc		18,527
	1,498,114		Tencent Holdings Ltd		119,561
	2,235,543	*	Twitter, Inc		142,248
	842,936	*	Walt Disney Co		155,538
	46,048		World Wrestling Entertainment, Inc (Class A)		2,499
	6,072	*	Zillow Group, Inc (Class A)		798
	15,978	*	Zillow Group, Inc (Class C)		2,071
	752,571	*	Zynga, Inc		7,684
			TOTAL MEDIA & ENTERTAINMENT		5,067,415
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 7.3%
	354,211	*	10X Genomics, Inc		64,112
	1,637,289		AbbVie, Inc		177,187
	114,249	*	Acadia Pharmaceuticals, Inc		2,948
	45,940	*	Acceleron Pharma, Inc		6,230
	78,536	*	Adaptive Biotechnologies Corp		3,162
	27,326		Agilent Technologies, Inc		3,474
	6,448	*	Agios Pharmaceuticals, Inc		333
	31,048	*	Alexion Pharmaceuticals, Inc		4,748
	112,336	*	Alnylam Pharmaceuticals, Inc		15,861
	574,739		Amgen, Inc		143,001
	1,498,642		AstraZeneca plc		149,577
	7,226,689	*	Avantor, Inc		209,068
	5,461	*	Berkeley Lights, Inc		274
	45,441	*	Biogen, Inc		12,712
	162,897	*	BioMarin Pharmaceutical, Inc		12,300
	35,922		Bio-Techne Corp		13,720
	29,192	*	Bluebird Bio, Inc		880
	813,392		Bristol-Myers Squibb Co		51,349
	43,866		Bruker BioSciences Corp		2,820
	43,143	*	Charles River Laboratories International, Inc		12,504
	832,534		Eli Lilly & Co		155,534
	124,914	*	Exact Sciences Corp		16,461

249

COLLEGE RETIREMENT EQUITIES FUND - Growth Account

SHARES			COMPANY	VALUE (000)
	114,891	*	Exelixis, Inc	$	2,595
	59,607	*	Global Blood Therapeutics, Inc		2,429
	932,813	*	Horizon Therapeutics Plc		85,856
	719,030	*	Illumina, Inc		276,151
	182,950	*	Incyte Corp		14,868
	60,956	*	Ionis Pharmaceuticals, Inc		2,741
	128,625	*	Iovance Biotherapeutics, Inc		4,072
	71,738	*	IQVIA Holdings, Inc		13,856
	349,093		Johnson & Johnson		57,373
	166,061		Lonza Group AG.		92,878
	47,831	*	Maravai LifeSciences Holdings, Inc		1,705
	2,176,927		Merck & Co, Inc		167,819
	21,337	*	Mettler-Toledo International, Inc		24,659
	280,747	*	Moderna, Inc		36,764
	95,680	*	Neurocrine Biosciences, Inc		9,305
	22,926		PerkinElmer, Inc		2,941
	123,359	*	PPD, Inc		4,668
	50,936	*	PRA Health Sciences, Inc		7,810
	23,153	*	Reata Pharmaceuticals, Inc		2,308
	95,378	*	Regeneron Pharmaceuticals, Inc		45,127
	51,404	*	Repligen Corp		9,994
	135,312	e	Royalty Pharma plc		5,902
	4,090	*	Sage Therapeutics, Inc		306
	256,675	*	Sana Biotechnology, Inc		8,591
	71,169	*	Sarepta Therapeutics, Inc		5,304
	125,947	*	Seagen, Inc		17,489
	27,714	*	Sotera Health Co		692
	6,517	*	Syneos Health, Inc		494
	229,008		Thermo Fisher Scientific, Inc		104,515
	855,265	*	Vertex Pharmaceuticals, Inc		183,788
	4,587	*	Waters Corp		1,304
	2,108,852		Zoetis, Inc		332,102
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		2,584,661
REAL ESTATE - 0.9%
	435,579		American Tower Corp		104,130
	19,638		Americold Realty Trust		755
	38,294	e	Brookfield Property REIT, Inc		687
	23,932		Coresite Realty		2,868
	382,750		Crown Castle International Corp		65,883
	88,241		Equinix, Inc		59,968
	66,587		Equity Lifestyle Properties, Inc		4,238
	90,220		Extra Space Storage, Inc		11,959
	162,124		Iron Mountain, Inc		6,000
	98,412		Public Storage, Inc		24,284
	15,572		SBA Communications Corp		4,322
	255,598		Simon Property Group, Inc		29,079
			TOTAL REAL ESTATE		314,173
RETAILING - 11.3%
	372,219	*	Alibaba Group Holding Ltd (ADR)		84,393
	811,023	*	Amazon.com, Inc		2,509,370
	994,863	*	ASOS plc		75,888
	13,044	*	AutoZone, Inc		18,318

250

COLLEGE RETIREMENT EQUITIES FUND - Growth Account

SHARES			COMPANY	VALUE (000)
	39,131		Best Buy Co, Inc	$	4,493
	57,823	*	Burlington Stores, Inc		17,278
	1,471,740	*	CarMax, Inc		195,241
	54,285	*	Carvana Co		14,244
	1,885,484	*,e	Coupang, Inc		93,049
	242,556		Dollar General Corp		49,147
	111,633	*	Dollar Tree, Inc		12,778
	585,866		eBay, Inc		35,878
	117,630	*	Etsy, Inc		23,722
	13,325	*	Expedia Group, Inc		2,293
	53,185	*	Five Below, Inc		10,147
	91,334	*	Floor & Decor Holdings, Inc		8,721
	933,984	*	GrubHub, Inc		56,039
	530,018		Home Depot, Inc		161,788
	1,025,358	*	JD.com, Inc (ADR)		86,468
	17,536	*	Leslie’s, Inc		429
	726,286		Lowe’s Companies, Inc		138,125
	50,036	*	Ollie’s Bargain Outlet Holdings, Inc		4,353
	69,345	*	O’Reilly Automotive, Inc		35,175
	1,486,490	*,e	Petco Health & Wellness Co, Inc		32,941
	38,586		Pool Corp		13,321
	278,647		Ross Stores, Inc		33,413
	3,569,036		TJX Companies, Inc		236,092
	113,818		Tractor Supply Co		20,155
	50,299	*	Ulta Beauty, Inc		15,551
	80,818	*	Vroom, Inc		3,151
	64,131	*	Wayfair, Inc		20,185
	12,741		Williams-Sonoma, Inc		2,283
			TOTAL RETAILING		4,014,429
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 7.2%
	1,100,421	*	Advanced Micro Devices, Inc		86,383
	12,169	*	Allegro MicroSystems, Inc		308
	44,037		Analog Devices, Inc		6,829
	2,592,269		Applied Materials, Inc		346,327
	743,000		Broadcom, Inc		344,499
	104,102	*	Enphase Energy, Inc		16,881
	124,691		Entegris, Inc		13,940
	46,599	*	Inphi Corp		8,314
	3,412,295		Intel Corp		218,387
	153,966		KLA Corp		50,870
	141,244		Lam Research Corp		84,074
	2,422,568		Marvell Technology Group Ltd		118,657
	85,489		Maxim Integrated Products, Inc		7,811
	183,803		Microchip Technology, Inc		28,530
	38,631		MKS Instruments, Inc		7,163
	43,446		Monolithic Power Systems, Inc		15,346
	1,077,478		NVIDIA Corp		575,298
	2,246,939		QUALCOMM, Inc		297,922
	48,329	*	SolarEdge Technologies, Inc		13,892
	1,445,483		Taiwan Semiconductor Manufacturing Co Ltd (ADR)		170,972
	162,192		Teradyne, Inc		19,736
	451,475		Texas Instruments, Inc		85,324
	43,277		Universal Display Corp		10,247
	242,936		Xilinx, Inc		30,100
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		2,557,810

251

COLLEGE RETIREMENT EQUITIES FUND - Growth Account

SHARES			COMPANY	VALUE (000)
SOFTWARE & SERVICES - 24.6%
	21,296	*	2U, Inc	$	814
	628,879		Accenture plc		173,728
	380,783	*	ACV Auctions, Inc		13,179
	474,562	*	Adobe, Inc		225,593
	72,081	*,g	Adyen NV		160,842
	130,899	*	Akamai Technologies, Inc		13,339
	54,513	*	Alteryx, Inc		4,522
	131,024	*	Anaplan, Inc		7,056
	84,730	*	Ansys, Inc		28,771
	61,241	*	Aspen Technology, Inc		8,839
	130,572	*	Atlassian Corp plc		27,519
	144,571	*	Autodesk, Inc		40,068
	365,592		Automatic Data Processing, Inc		68,903
	82,145	*	Avalara, Inc		10,961
	35,655	*	BigCommerce Holdings, Inc		2,061
	71,601	*	Bill.Com Holdings, Inc		10,418
	156,430	*	Black Knight, Inc		11,574
	111,651		Broadridge Financial Solutions, Inc		17,094
	12,785	*,e	C3.ai, Inc		843
	274,438	*	Cadence Design Systems, Inc		37,595
	16,212		CDK Global, Inc		876
	78,195	*	Ceridian HCM Holding, Inc		6,589
	34,763		Citrix Systems, Inc		4,879
	114,914	*	Cloudflare, Inc		8,074
	32,487		Cognizant Technology Solutions Corp (Class A)		2,538
	67,893	*	Coupa Software, Inc		17,277
	109,252	*	Crowdstrike Holdings, Inc		19,940
	149,276	*	Datadog, Inc		12,441
	11,953	*	Datto Holding Corp		274
	673,560	*	DocuSign, Inc		136,362
	236,551	*	Dropbox, Inc		6,306
	47,028	*	Duck Creek Technologies, Inc		2,123
	177,963	*	Dynatrace, Inc		8,585
	64,199	*	Elastic NV		7,139
	52,039	*	EPAM Systems, Inc		20,643
	35,467	*	Everbridge, Inc		4,298
	28,059	*	Fair Isaac Corp		13,638
	76,128	*,e	Fastly, Inc		5,122
	48,130	*	FireEye, Inc		942
	164,930	*	Fiserv, Inc		19,633
	61,344	*	Five9, Inc		9,590
	82,489	*	FleetCor Technologies, Inc		22,159
	131,051	*	Fortinet, Inc		24,168
	84,355	*	Gartner, Inc		15,399
	77,831		Genpact Ltd		3,333
	37,419	*	Globant S.A.		7,769
	164,912	*	GoDaddy, Inc		12,800
	16,498	*	Guidewire Software, Inc		1,677
	40,196	*	HubSpot, Inc		18,257
	875,193		Intuit, Inc		335,251

252

COLLEGE RETIREMENT EQUITIES FUND - Growth Account

SHARES			COMPANY	VALUE (000)
	58,089		Jack Henry & Associates, Inc	$	8,813
	10,434	*	Jamf Holding Corp		368
	11,314	*,e	JFrog Ltd		502
	54,140	*	Manhattan Associates, Inc		6,355
	870,661		Mastercard, Inc (Class A)		309,999
	18,613		McAfee Corp		423
	87,901	*	Medallia, Inc		2,452
	11,441,042		Microsoft Corp		2,697,454
	50,712	*	MongoDB, Inc		13,562
	37,841	*	nCino, Inc		2,525
	52,944	*	New Relic, Inc		3,255
	541,427		NortonLifelock, Inc		11,511
	190,773	*	Nutanix, Inc		5,067
	114,904	*	Okta, Inc		25,328
	1,597,813		Oracle Corp		112,119
	71,764	*	Pagerduty, Inc		2,887
	93,056	*	Palo Alto Networks, Inc		29,970
	250,842		Paychex, Inc		24,587
	47,662	*	Paycom Software, Inc		17,638
	36,154	*	Paylocity Holding Corp		6,502
	3,997,015	*	PayPal Holdings, Inc		970,635
	36,427		Pegasystems, Inc		4,165
	120,986	*	Pluralsight, Inc		2,703
	54,926	*	Proofpoint, Inc		6,909
	104,035	*	PTC, Inc		14,320
	582,366	*	Qualtrics International, Inc		19,166
	73,185	*	RealPage, Inc		6,382
	77,217	*	RingCentral, Inc		23,001
	3,685,268	*	salesforce.com, Inc		780,798
	647,189	*	ServiceNow, Inc		323,666
	1,922,895	*	Slack Technologies, Inc		78,127
	114,003	*	Smartsheet, Inc		7,287
	160,162	*	Splunk, Inc		21,699
	365,621	*	Square, Inc		83,014
	49,377		SS&C Technologies Holdings, Inc		3,450
	198,865	*	StoneCo Ltd		12,174
	89,189		Switch, Inc		1,450
	606,830	*	Synopsys, Inc		150,360
	86,703	*,e	Teradata Corp		3,341
	40,565	*	Trade Desk, Inc		26,435
	363,818	*	Twilio, Inc		123,975
	39,100	*	Tyler Technologies, Inc		16,599
	24,452	*,e	Unity Software, Inc		2,453
	60,056	*	VeriSign, Inc		11,937
	4,727,054		Visa, Inc (Class A)		1,000,859
	77,890	*	VMware, Inc (Class A)		11,719
	83,297		Western Union Co		2,054
	3,623	*	WEX, Inc		758
	177,108	*	Workday, Inc		43,999
	115,411	*	Zendesk, Inc		15,306
	173,210	*	Zoom Video Communications, Inc		55,651
	69,907	*	Zscaler, Inc		12,001
			TOTAL SOFTWARE & SERVICES		8,729,511

253

COLLEGE RETIREMENT EQUITIES FUND - Growth Account

SHARES			COMPANY	VALUE (000)
TECHNOLOGY HARDWARE & EQUIPMENT - 7.8%
	339,144		Amphenol Corp (Class A)	$	22,373
	21,646,238		Apple, Inc		2,644,088
	48,264	*	Arista Networks, Inc		14,570
	139,617		CDW Corp		23,142
	167,515		Cognex Corp		13,902
	20,379	*	Coherent, Inc		5,154
	13,311	*	CommScope Holding Co, Inc		204
	15,730	*	Dell Technologies, Inc		1,387
	6,928		Dolby Laboratories, Inc (Class A)		684
	2,519	*	IPG Photonics Corp		531
	30,891		Jabil Inc		1,611
	60,889	*	Keysight Technologies, Inc		8,731
	8,863	*	Lumentum Holdings, Inc		810
	18,210		Motorola Solutions, Inc		3,424
	118,007		NetApp, Inc		8,576
	145,576	*	Pure Storage, Inc		3,136
	5,470		Ubiquiti, Inc		1,632
	47,466	*	Zebra Technologies Corp (Class A)		23,030
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		2,776,985
TELECOMMUNICATION SERVICES - 0.7%
	1,459,849	e,g	Cellnex Telecom SAU		84,158
	1,208,755	*	T-Mobile US, Inc		151,445
			TOTAL TELECOMMUNICATION SERVICES		235,603
TRANSPORTATION - 1.3%
	21,772		CH Robinson Worldwide, Inc		2,078
	101,583		Expeditors International of Washington, Inc		10,939
	23,482		JB Hunt Transport Services, Inc		3,947
	27,859		Landstar System, Inc		4,598
	82,063		Old Dominion Freight Line		19,729
	4,797,000	*	Uber Technologies, Inc		261,484
	338,311		Union Pacific Corp		74,567
	466,002		United Parcel Service, Inc (Class B)		79,216
	5,063	*	XPO Logistics, Inc		624
			TOTAL TRANSPORTATION		457,182
UTILITIES - 0.0%
	70,627		NRG Energy, Inc		2,665
			TOTAL UTILITIES		2,665
			TOTAL COMMON STOCKS		35,434,509
			(Cost $24,755,547)

PRINCIPAL		ISSUER	RATE		MATURITY DATE
SHORT-TERM INVESTMENTS - 0.5%
GOVERNMENT AGENCY DEBT - 0.1%
$	4,370,000	Federal Home Loan Bank (FHLB)	0.020-0.030	%	04/01/21	4,370
	10,000,000	FHLB	0.010		04/21/21	10,000
	20,000,000	FHLB	0.012		05/19/21	20,000
	8,000,000	FHLB	0.075		07/07/21	7,999
		TOTAL GOVERNMENT AGENCY DEBT				42,369

254

COLLEGE RETIREMENT EQUITIES FUND - Growth Account

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE (000)
TREASURY DEBT - 0.1%
$	10,900,000		United States Treasury Bill	0.005-0.021	%	04/06/21	$	10,900
	24,870,000		United States Treasury Bill	0.020		04/08/21		24,870
	10,000,000		United States Treasury Bill	0.015		04/22/21		10,000
	10,715,000		United States Treasury Bill	0.025		05/04/21		10,715
			TOTAL TREASURY DEBT					56,485
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.3%
	98,224,031	c	State Street Navigator Securities Lending Government Money Market Portfolio	0.030				98,224
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES					98,224
			TOTAL SHORT-TERM INVESTMENTS					197,078
			(Cost $197,077)
			TOTAL INVESTMENTS - 100.2%					35,631,587
			(Cost $24,952,624)
			OTHER ASSETS & LIABILITIES, NET - (0.2)%					(85,622	)
			NET ASSETS - 100.0%				$	35,545,965

	Abbreviation(s):
ADR	American Depositary Receipt
REIT	Real Estate Investment Trust

*	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 $192,473,860.
g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At 3/31/21, the aggregate value of these securities is $244,999,513 or 0.7% of net assets.

Cost amounts are in thousands.

255

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

COLLEGE RETIREMENT EQUITIES FUND

EQUITY INDEX ACCOUNT

SCHEDULE OF INVESTMENTS (unaudited)

March 31, 2021

SHARES			COMPANY	VALUE (000)
COMMON STOCKS - 99.7%
AUTOMOBILES & COMPONENTS - 1.9%
	49,971	*	Adient plc	$	2,209
	60,325	*	American Axle & Manufacturing Holdings, Inc		583
	148,623	*	Aptiv plc		20,495
	139,436		BorgWarner, Inc		6,464
	30,001		Cooper Tire & Rubber Co		1,679
	12,534	*	Cooper-Standard Holding, Inc		455
	76,541		Dana Inc		1,862
	12,642	*	Dorman Products, Inc		1,298
	2,171,092	*	Ford Motor Co		26,596
	25,297	*	Fox Factory Holding Corp		3,214
	706,199	*	General Motors Co		40,578
	125,049		Gentex Corp		4,461
	26,543	*	Gentherm, Inc		1,967
	137,668	*	Goodyear Tire & Rubber Co		2,419
	87,213		Harley-Davidson, Inc		3,497
	12,667		LCI Industries, Inc		1,676
	31,486		Lear Corp		5,707
	36,302	*	Modine Manufacturing Co		536
	13,147	*,e	Motorcar Parts of America, Inc		296
	17,097		Patrick Industries, Inc		1,453
	6,449		Standard Motor Products, Inc		268
	20,247	*	Stoneridge, Inc		644
	28,062	*	Tenneco, Inc		301
	432,052	*	Tesla, Inc		288,580
	33,002		Thor Industries, Inc		4,447
	16,494	*	Visteon Corp		2,011
	22,457		Winnebago Industries, Inc		1,723
	37,702	*,e	Workhorse Group, Inc		519
	9,934	*	XPEL, Inc		516
			TOTAL AUTOMOBILES & COMPONENTS		426,454
BANKS - 4.8%
	12,408		1st Source Corp		590
	4,570		ACNB Corp		134
	7,958		Allegiance Bancshares, Inc		323
	9,341		Altabancorp		393
	12,491	*	Amerant Bancorp Inc		232
	5,882		American National Bankshares, Inc		194
	38,500		Ameris Bancorp		2,022
	7,069		Ames National Corp		181
	8,680		Arrow Financial Corp		289
	85,309		Associated Banc-Corp		1,820
	14,762	*	Atlantic Capital Bancshares, Inc		356
	42,326		Atlantic Union Bankshares Corp		1,624
	43,167	*	Axos Financial, Inc		2,029
	31,112		Banc of California, Inc		562

256

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	11,574		Bancfirst Corp	$	818
	62,103		BancorpSouth Bank		2,017
	3,732	e	Bank First Corp		280
	4,380,728		Bank of America Corp		169,490
	11,787		Bank of Commerce Holdings		150
	23,380		Bank of Hawaii Corp		2,092
	7,728		Bank of Marin Bancorp		303
	13,738		Bank of NT Butterfield & Son Ltd		525
	82,422		Bank OZK		3,367
	12,265		BankFinancial Corp		127
	56,051		BankUnited		2,463
	3,897		Bankwell Financial Group, Inc		105
	23,725		Banner Corp		1,265
	11,016		Bar Harbor Bankshares		324
	6,936	*	Baycom Corp		125
	7,059		BCB Bancorp, Inc		97
	26,834		Berkshire Hills Bancorp, Inc		599
	15,941		BOK Financial Corp		1,424
	59,217		Boston Private Financial Holdings, Inc		789
	54,590		Brookline Bancorp, Inc		819
	12,987		Bryn Mawr Bank Corp		591
	6,436		Business First Bancshares, Inc		154
	5,576		Byline Bancorp, Inc		118
	2,353		C&F Financial Corp		104
	65,383		Cadence BanCorp		1,355
	2,502		Cambridge Bancorp		211
	11,436		Camden National Corp		547
	9,158		Capital City Bank Group, Inc		238
	92,364		Capitol Federal Financial		1,223
	5,956		Capstar Financial Holdings, Inc		103
	14,623	*	Carter Bankshares, Inc		204
	40,414		Cathay General Bancorp		1,648
	12,633		CBTX, Inc		388
	21,511		Central Pacific Financial Corp		574
	6,214		Central Valley Community Bancorp		114
	2,245		Century Bancorp, Inc		209
	2,189		Chemung Financial Corp		92
	49,642		CIT Group, Inc		2,557
	1,170,545		Citigroup, Inc		85,157
	9,568		Citizens & Northern Corp		228
	254,905		Citizens Financial Group, Inc		11,254
	10,955		City Holding Co		896
	7,262		Civista Bancshares, Inc		167
	9,772		CNB Financial Corp		240
	6,775		Codorus Valley Bancorp, Inc		125
	51,998		Columbia Banking System, Inc		2,241
	33,673	*	Columbia Financial, Inc		589
	83,206		Comerica, Inc		5,969
	55,789		Commerce Bancshares, Inc		4,274
	35,397		Community Bank System, Inc		2,716
	15,668		Community Bankers Trust Corp		138
	2,846		Community Financial Corp		97
	11,638		Community Trust Bancorp, Inc		512
	21,722		ConnectOne Bancorp, Inc		551

257

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	29,153	*	CrossFirst Bankshares, Inc	$	402
	33,515		Cullen/Frost Bankers, Inc		3,645
	19,196	*	Customers Bancorp, Inc		611
	75,634		CVB Financial Corp		1,671
	28,756		Dime Community Bancshares, Inc		867
	22,688		Eagle Bancorp, Inc		1,207
	80,570		East West Bancorp, Inc		5,946
	94,260		Eastern Bankshares, Inc		1,818
	6,481		Enterprise Bancorp, Inc		211
	16,077		Enterprise Financial Services Corp		795
	7,477	*	Equity Bancshares, Inc		205
	6,121		ESSA Bancorp, Inc		98
	64,560		Essent Group Ltd		3,066
	3,168		Evans Bancorp, Inc		107
	6,654		Farmers & Merchants Bancorp, Inc		167
	18,150		Farmers National Banc Corp		303
	13,107		FB Financial Corp		583
	6,481		Federal Agricultural Mortgage Corp (FAMC)		653
	400,592		Fifth Third Bancorp		15,002
	10,211		Financial Institutions, Inc		309
	20,427		First Bancorp (NC)		889
	114,850		First Bancorp (Puerto Rico)		1,293
	6,485		First Bancorp, Inc		189
	6,018		First Bancshares, Inc		220
	26,747		First Busey Corp		686
	6,176		First Business Financial Services, Inc		153
	2,911	e	First Citizens Bancshares, Inc (Class A)		2,433
	69,402		First Commonwealth Financial Corp		997
	12,139		First Community Bancshares, Inc		364
	42,129		First Financial Bancorp		1,011
	76,885		First Financial Bankshares, Inc		3,593
	8,330		First Financial Corp		375
	19,660		First Foundation, Inc		461
	3,324	e	First Guaranty Bancshares, Inc		60
	71,845		First Hawaiian, Inc		1,966
	308,284		First Horizon National Corp		5,213
	4,089		First Internet Bancorp		144
	18,329		First Interstate Bancsystem, Inc		844
	29,933		First Merchants Corp		1,392
	7,120		First Mid-Illinois Bancshares, Inc		313
	63,811		First Midwest Bancorp, Inc		1,398
	7,602		First Northwest Bancorp		126
	15,462		First of Long Island Corp		329
	95,258		First Republic Bank		15,884
	15,789		Flagstar Bancorp, Inc		712
	20,105		Flushing Financial Corp		427
	181,165		FNB Corp		2,301
	84,379		Fulton Financial Corp		1,437
	14,703		German American Bancorp, Inc		680
	55,696		Glacier Bancorp, Inc		3,179
	7,809		Great Southern Bancorp, Inc		443
	23,192		Great Western Bancorp, Inc		702
	2,003		Greene County Bancorp, Inc		50
	1,346		Guaranty Bancshares, Inc		49

258

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	47,878		Hancock Whitney Corp	$	2,011
	23,963		Hanmi Financial Corp		473
	16,668		HarborOne Northeast Bancorp, Inc		224
	17,800		Heartland Financial USA, Inc		895
	25,661		Heritage Commerce Corp		314
	22,188		Heritage Financial Corp		627
	54,190		Hilltop Holdings, Inc		1,849
	997		Hingham Institution for Savings		283
	4,264		Home Bancorp, Inc		154
	81,882		Home Bancshares, Inc		2,215
	15,022		HomeStreet, Inc		662
	13,541		HomeTrust Bancshares, Inc		330
	38,615		Hope Bancorp, Inc		582
	23,268		Horizon Bancorp		432
	6,001	*	Howard Bancorp, Inc		99
	568,795		Huntington Bancshares, Inc		8,941
	23,332		Independent Bank Corp (MA)		1,964
	17,558		Independent Bank Corp (MI)		415
	20,253		Independent Bank Group, Inc		1,463
	40,567		International Bancshares Corp		1,883
	5,550		Investar Holding Corp		114
	129,084		Investors Bancorp, Inc		1,896
	1,709,118		JPMorgan Chase & Co		260,179
	83,674		Kearny Financial Corp		1,011
	534,261		Keycorp		10,675
	32,502		Lakeland Bancorp, Inc		566
	18,387		Lakeland Financial Corp		1,272
	6,780		LCNB Corp		119
	14,926		Live Oak Bancshares, Inc		1,022
	70,925		M&T Bank Corp		10,753
	19,210		Macatawa Bank Corp		191
	12,428		Mercantile Bank Corp		404
	10,918		Merchants Bancorp		458
	35,757		Meridian Bancorp, Inc		659
	20,574		Meta Financial Group, Inc		932
	4,420	*	Metropolitan Bank Holding Corp		223
	158,757		MGIC Investment Corp		2,199
	10,800		Midland States Bancorp, Inc		300
	7,821		MidWestOne Financial Group, Inc		242
	34,360	*	Mr Cooper Group, Inc		1,194
	19,324		National Bank Holdings Corp		767
	5,351		National Bankshares, Inc		190
	31,726		NBT Bancorp, Inc		1,266
	253,221		New York Community Bancorp, Inc		3,196
	6,480	*	Nicolet Bankshares, Inc		541
	38,864	*	NMI Holdings, Inc		919
	5,235		Northeast Bank		138
	33,024		Northfield Bancorp, Inc		526
	5,019		Northrim BanCorp, Inc		213
	39,220		Northwest Bancshares, Inc		567
	4,425	e	Norwood Financial Corp		118
	30,487		OceanFirst Financial Corp		730
	33,903		OFG Bancorp		767
	3,155		Ohio Valley Banc Corp		77

259

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	90,192		Old National Bancorp	$	1,744
	21,667		Old Second Bancorp, Inc		286
	11,057		Origin Bancorp, Inc		469
	5,318		Orrstown Financial Services, Inc		119
	41,564		Pacific Premier Bancorp, Inc		1,806
	66,007		PacWest Bancorp		2,518
	4,350		Park National Corp		562
	4,594		Parke Bancorp, Inc		92
	13,465		PCSB Financial Corp		224
	11,582		Peapack Gladstone Financial Corp		358
	4,446		Penns Woods Bancorp, Inc		107
	17,636		PennyMac Financial Services, Inc		1,179
	3,256		Peoples Bancorp of North Carolina, Inc		77
	12,623		Peoples Bancorp, Inc		419
	5,712		Peoples Financial Services Corp		241
	202,790		People’s United Financial, Inc		3,630
	41,191		Pinnacle Financial Partners, Inc		3,652
	240,237		PNC Financial Services Group, Inc		42,140
	47,405		Popular, Inc		3,333
	8,859		Preferred Bank		564
	8,456		Premier Financial Bancorp, Inc		157
	28,197		Premier Financial Corp		938
	8,140		Primis Financial Corp		118
	48,715		Prosperity Bancshares, Inc		3,648
	6,589		Provident Bancorp Inc		95
	18,723		Provident Financial Services, Inc		417
	6,101		Prudential Bancorp, Inc		90
	8,729		QCR Holdings, Inc		412
	98,093		Radian Group, Inc		2,281
	9,265		RBB Bancorp		188
	550,925		Regions Financial Corp		11,382
	4,712		Reliant Bancorp Inc		135
	30,881		Renasant Corp		1,278
	6,104		Republic Bancorp, Inc (Class A)		270
	34,776	*	Republic First Bancorp, Inc		131
	13,238		Riverview Bancorp, Inc		92
	62,631	e	Rocket Cos, Inc		1,446
	25,676		S&T Bancorp, Inc		860
	22,606		Sandy Spring Bancorp, Inc		982
	28,631	*	Seacoast Banking Corp of Florida		1,038
	32,848		ServisFirst Bancshares, Inc		2,015
	8,913		Shore Bancshares, Inc		152
	8,919		Sierra Bancorp		239
	34,007		Signature Bank		7,689
	8,903	*	Silvergate Capital Corp		1,266
	55,218		Simmons First National Corp (Class A)		1,638
	5,382		SmartFinancial, Inc		116
	43,651		South State Corp		3,427
	4,079	*	Southern First Bancshares, Inc		191
	4,139		Southern Missouri Bancorp, Inc		163
	20,042		Southside Bancshares, Inc		772
	93,752		Sterling Bancorp		2,158
	11,631	*	Sterling Bancorp, Inc		66
	16,305		Stock Yards Bancorp, Inc		833

260

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	6,101		Summit Financial Group, Inc	$	162
	28,236	*	SVB Financial Group		13,939
	85,330		Synovus Financial Corp		3,904
	81,693		TCF Financial Corp		3,795
	5,870		Territorial Bancorp, Inc		155
	35,836	*	Texas Capital Bancshares, Inc		2,541
	34,383		TFS Financial Corp		700
	35,393	*	The Bancorp, Inc		733
	4,645		Timberland Bancorp, Inc		129
	10,641		Tompkins Financial Corp		880
	46,422		Towne Bank		1,411
	19,212		Trico Bancshares		910
	16,178	*	Tristate Capital Holdings, Inc		373
	10,668	*	Triumph Bancorp, Inc		826
	761,799		Truist Financial Corp		44,428
	71,043		Trustco Bank Corp NY		524
	49,168		Trustmark Corp		1,655
	26,057		UMB Financial Corp		2,406
	117,477		Umpqua Holdings Corp		2,062
	83,649		United Bankshares, Inc		3,227
	43,715		United Community Banks, Inc		1,492
	9,461		United Security Bancshares		77
	5,346		Unity Bancorp, Inc		118
	19,117		Univest Financial Corp		547
	768,960		US Bancorp		42,531
	196,375		Valley National Bancorp		2,698
	22,054		Veritex Holdings, Inc		722
	19,235		Walker & Dunlop, Inc		1,976
	29,442		Washington Federal, Inc		907
	10,818		Washington Trust Bancorp, Inc		559
	19,189		Waterstone Financial, Inc		392
	51,153		Webster Financial Corp		2,819
	2,141,325		Wells Fargo & Co		83,662
	23,487		WesBanco, Inc		847
	11,970		West Bancorporation, Inc		288
	18,981		Westamerica Bancorporation		1,192
	57,400		Western Alliance Bancorp		5,421
	19,137		Western New England Bancorp, Inc		161
	38,890		Wintrust Financial Corp		2,948
	37,123		WSFS Financial Corp		1,848
	90,905		Zions Bancorporation		4,996
			TOTAL BANKS		1,092,895
CAPITAL GOODS - 6.5%
	317,131		3M Co		61,105
	69,666		A.O. Smith Corp		4,710
	21,498		Aaon, Inc		1,505
	23,226	*	AAR Corp		967
	24,498		Acuity Brands, Inc		4,042
	31,531		Advanced Drainage Systems, Inc		3,260
	84,263	*	Aecom Technology Corp		5,402
	24,436	*	Aegion Corp		703
	39,078		Aerojet Rocketdyne Holdings, Inc		1,835
	14,335	*	Aerovironment, Inc		1,664

261

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	32,215		AGCO Corp	$	4,628
	56,080		Air Lease Corp		2,748
	6,904		Alamo Group, Inc		1,078
	21,082		Albany International Corp (Class A)		1,760
	47,686		Allegion plc		5,990
	4,493		Allied Motion Technologies, Inc		231
	51,690		Allison Transmission Holdings, Inc		2,110
	41,492		Altra Industrial Motion Corp		2,295
	13,776	*	Ameresco, Inc		670
	15,290	*	American Superconductor Corp		290
	10,171	*	American Woodmark Corp		1,003
	129,674		Ametek, Inc		16,563
	83,309	*,g	API Group Corp		1,723
	4,581		Apogee Enterprises, Inc		187
	27,154		Applied Industrial Technologies, Inc		2,476
	30,718		Arcosa, Inc		1,999
	10,471		Argan, Inc		559
	26,334		Armstrong World Industries, Inc		2,372
	69,116	*	Array Technologies, Inc		2,061
	15,250		Astec Industries, Inc		1,150
	15,755	*	Astronics Corp		284
	23,836	*	Atkore International Group, Inc		1,714
	35,579	*	Axon Enterprise, Inc		5,067
	40,595	*	AZEK Co, Inc		1,707
	19,364		AZZ, Inc		975
	25,595		Barnes Group, Inc		1,268
	25,043	*	Beacon Roofing Supply, Inc		1,310
	35,611	*	Bloom Energy Corp		963
	3,946	*	Blue Bird Corp		99
	301,289	*	Boeing Co		76,744
	27,727		Boise Cascade Co		1,659
	128,810	*	Builders FirstSource, Inc		5,973
	56,807		BWX Technologies, Inc		3,746
	14,163	e	Caesarstone Sdot-Yam Ltd		194
	8,775		CAI International, Inc		399
	27,634		Carlisle Cos, Inc		4,548
	483,911		Carrier Global Corp		20,431
	306,335		Caterpillar, Inc		71,030
	22,344	*	Chart Industries, Inc		3,181
	12,045	*	CIRCOR International, Inc		419
	64,286	*	Colfax Corp		2,816
	14,727	e	Columbus McKinnon Corp		777
	24,840		Comfort Systems USA, Inc		1,857
	11,212	*	Construction Partners Inc		335
	29,151	*	Cornerstone Building Brands, Inc		409
	27,810		Crane Co		2,612
	10,574		CSW Industrials, Inc		1,427
	18,660		Cubic Corp		1,391
	82,465		Cummins, Inc		21,367
	22,308		Curtiss-Wright Corp		2,646
	158,616		Deere & Co		59,345
	71,161		Donaldson Co, Inc		4,139
	16,771	e	Douglas Dynamics, Inc		774
	80,236		Dover Corp		11,003

262

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	8,048	*	Ducommun, Inc	$	483
	11,117	*	DXP Enterprises, Inc		335
	16,954	*	Dycom Industries, Inc		1,574
	3,733		Eastern Co		100
	223,793		Eaton Corp		30,946
	28,208		EMCOR Group, Inc		3,164
	336,227		Emerson Electric Co		30,334
	15,305		Encore Wire Corp		1,027
	24,905	*	Energy Recovery, Inc		457
	43,959		Enerpac Tool Group Corp		1,148
	25,301		EnerSys		2,297
	8,505		EnPro Industries, Inc		725
	13,003		ESCO Technologies, Inc		1,416
	2,576	*	EVI Industries, Inc		74
	51,314	*	Evoqua Water Technologies Corp		1,350
	319,390		Fastenal Co		16,059
	42,557		Federal Signal Corp		1,630
	82,555		Flowserve Corp		3,204
	91,070	*	Fluor Corp		2,103
	168,372		Fortive Corp		11,894
	75,096		Fortune Brands Home & Security, Inc		7,196
	25,145		Franklin Electric Co, Inc		1,985
	176,294	*	FuelCell Energy, Inc		2,540
	30,738	*	Gates Industrial Corp plc		491
	15,077		GATX Corp		1,398
	4,980	*	Gencor Industries, Inc		67
	35,264	*	Generac Holdings, Inc		11,547
	142,376		General Dynamics Corp		25,850
	4,941,120		General Electric Co		64,877
	22,869	*	Gibraltar Industries, Inc		2,093
	17,148	*	GMS, Inc		716
	2,315	e	Gorman-Rupp Co		77
	92,773		Graco, Inc		6,644
	95,580		GrafTech International Ltd		1,169
	7,763		Graham Corp		111
	33,088	e	Granite Construction, Inc		1,332
	44,924	*	Great Lakes Dredge & Dock Corp		655
	19,838		Greenbrier Cos, Inc		937
	20,793		Griffon Corp		565
	23,777		H&E Equipment Services, Inc		904
	26,390		HEICO Corp		3,320
	46,469		HEICO Corp (Class A)		5,279
	16,194		Helios Technologies, Inc		1,180
	17,889	*	Herc Holdings, Inc		1,813
	57,257	*	Hexcel Corp		3,206
	34,596		Hillenbrand, Inc		1,651
	397,524		Honeywell International, Inc		86,291
	229,339	*	Howmet Aerospace, Inc		7,369
	30,217		Hubbell, Inc		5,647
	19,225		Huntington Ingalls		3,957
	4,796		Hurco Cos, Inc		169
	5,385	*	Hydrofarm Holdings Group, Inc		325
	7,224		Hyster-Yale Materials Handling, Inc		629
	41,386		IDEX Corp		8,663

263

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	5,334	*	IES Holdings, Inc	$	269
	176,391		Illinois Tool Works, Inc		39,074
	201,626	*	Ingersoll Rand, Inc		9,922
	13,472		Insteel Industries, Inc		415
	46,862		ITT, Inc		4,260
	20,391	*	JELD-WEN Holding, Inc		565
	16,888		John Bean Technologies Corp		2,252
	405,094		Johnson Controls International plc		24,172
	8,084		Kadant, Inc		1,496
	7,065		Kaman Corp		362
	56,290		Kennametal, Inc		2,250
	50,983	*	Kratos Defense & Security Solutions, Inc		1,391
	117,036		L3Harris Technologies, Inc		23,721
	4,456	*	Lawson Products, Inc		231
	5,677	*	LB Foster Co (Class A)		102
	20,121		Lennox International, Inc		6,269
	27,531		Lincoln Electric Holdings, Inc		3,385
	7,273		Lindsay Corp		1,212
	139,120		Lockheed Martin Corp		51,405
	17,575		Luxfer Holdings plc		374
	12,223	*	Lydall, Inc		412
	22,630	*	Manitowoc Co, Inc		467
	151,526		Masco Corp		9,076
	18,516	*	Masonite International Corp		2,134
	38,304	*	Mastec, Inc		3,589
	19,934	*	Matrix Service Co		261
	38,365		Maxar Technologies, Inc		1,451
	10,506		McGrath RentCorp		847
	25,978	*	Mercury Systems, Inc		1,835
	34,734	*	Meritor, Inc		1,022
	30,281	*	Middleby Corp		5,019
	7,280		Miller Industries, Inc		336
	15,909		Moog, Inc (Class A)		1,323
	64,419	*	MRC Global, Inc		582
	25,456		MSC Industrial Direct Co (Class A)		2,296
	22,547		Mueller Industries, Inc		932
	66,266		Mueller Water Products, Inc (Class A)		920
	10,993	*	MYR Group, Inc		788
	3,534		National Presto Industries, Inc		361
	20,350	*	Navistar International Corp		896
	19,066	*	NN, Inc		135
	33,227		Nordson Corp		6,602
	88,277		Northrop Grumman Corp		28,570
	6,891	*	Northwest Pipe Co		230
	78,206	*	NOW, Inc		789
	5,211	*	NV5 Global Inc		503
	87,536		nVent Electric plc		2,443
	2,354	e	Omega Flex, Inc		372
	38,204		Oshkosh Corp		4,533
	231,043		Otis Worldwide Corp		15,815
	56,584		Owens Corning, Inc		5,211
	188,380		PACCAR, Inc		17,504
	35,158	*	PAE, Inc		317
	14,228		Park Aerospace Corp		188

264

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	71,385		Parker-Hannifin Corp	$	22,517
	6,136		Park-Ohio Holdings Corp		193
	12,058	*	Parsons Corp		488
	96,376		Pentair plc		6,006
	36,380	*	PGT Innovations, Inc		919
	212,948	*	Plug Power, Inc		7,632
	7,077		Powell Industries, Inc		240
	1,801		Preformed Line Products Co		124
	28,783		Primoris Services Corp		954
	15,505	*	Proto Labs, Inc		1,888
	25,291		Quanex Building Products Corp		663
	75,730		Quanta Services, Inc		6,663
	25,955		Raven Industries, Inc		995
	806,533		Raytheon Technologies Corp		62,321
	16,634	*	RBC Bearings, Inc		3,273
	20,978		Regal-Beloit Corp		2,993
	82,950	*	Resideo Technologies, Inc		2,343
	8,757	*	REV Group, Inc		168
	56,852		Rexnord Corp		2,677
	67,253		Rockwell Automation, Inc		17,852
	57,766		Roper Technologies Inc		23,299
	32,265		Rush Enterprises, Inc (Class A)		1,608
	6,895		Rush Enterprises, Inc (Class B)		311
	88,808	*	Sensata Technologies Holding plc		5,146
	50,036	*	Shoals Technologies Group, Inc		1,740
	24,709		Shyft Group, Inc		919
	29,530		Simpson Manufacturing Co, Inc		3,063
	24,415	*	SiteOne Landscape Supply, Inc		4,169
	30,839		Snap-On, Inc		7,116
	59,911		Spirit Aerosystems Holdings, Inc (Class A)		2,915
	30,406	*	SPX Corp		1,772
	29,148		SPX FLOW, Inc		1,846
	8,333		Standex International Corp		796
	85,086		Stanley Black & Decker, Inc		16,989
	18,886	*	Sterling Construction Co, Inc		438
	85,453	*	Sunrun, Inc		5,168
	9,938		Systemax, Inc		409
	20,977	*	Teledyne Technologies, Inc		8,677
	12,744		Tennant Co		1,018
	35,787		Terex Corp		1,649
	18,852	*	Textainer Group Holdings Ltd		540
	129,842		Textron, Inc		7,282
	8,048	*,e	The ExOne Company		252
	24,419	*	Thermon Group Holdings		476
	30,037		Timken Co		2,438
	11,613	*	Titan Machinery, Inc		296
	55,598		Toro Co		5,734
	7,431	*	TPI Composites, Inc		419
	132,381		Trane Technologies plc		21,917
	29,953	*	TransDigm Group, Inc		17,610
	63,333	*	Trex Co, Inc		5,797
	34,233	*	Trimas Corp		1,038
	63,620		Trinity Industries, Inc		1,813
	26,040		Triton International Ltd		1,432

265

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	32,779	*	Triumph Group, Inc	$	602
	27,269	*	Tutor Perini Corp		517
	31,994		UFP Industries, Inc		2,426
	41,346	*	United Rentals, Inc		13,616
	107,143	*	Univar Solutions Inc		2,308
	10,628		Valmont Industries, Inc		2,526
	7,860	*	Vectrus, Inc		420
	7,828	*	Veritiv Corp		333
	119,277		Vertiv Holdings Co		2,386
	12,845	*	Vicor Corp		1,092
	36,030	*,e	Virgin Galactic Holdings, Inc		1,104
	24,196		W.W. Grainger, Inc		9,701
	42,603		Wabash National Corp		801
	99,754		Wabtec Corp		7,897
	18,257		Watsco, Inc		4,760
	12,563		Watts Water Technologies, Inc (Class A)		1,493
	88,290	*	Welbilt, Inc		1,435
	28,009	*	WESCO International, Inc		2,424
	3,392	*	Willis Lease Finance Corp		147
	98,203	*	WillScot Mobile Mini Holdings Corp		2,725
	30,482		Woodward Inc		3,677
	98,686		Xylem, Inc		10,380
			TOTAL CAPITAL GOODS		1,481,325
COMMERCIAL & PROFESSIONAL SERVICES - 1.2%
	40,285		ABM Industries, Inc		2,055
	37,820	*	Acacia Research (Acacia Technologies)		251
	9,390		ACCO Brands Corp		79
	66,939		ADT, Inc		565
	27,574	*	ASGN Inc		2,632
	5,145		Barrett Business Services, Inc		354
	4,266		BGSF, Inc		60
	73,456		Booz Allen Hamilton Holding Co		5,915
	22,496		Brady Corp (Class A)		1,202
	16,522	*	BrightView Holdings, Inc		279
	33,001	e	Brink’s Co		2,615
	12,641	*	CACI International, Inc (Class A)		3,118
	29,675	*	Casella Waste Systems, Inc (Class A)		1,886
	10,752	*	CBIZ, Inc		351
	18,496	*	Ceco Environmental Corp		147
	8,021	*	Cimpress plc		803
	49,302		Cintas Corp		16,827
	30,748	*	Clean Harbors, Inc		2,585
	112,034	*	Copart, Inc		12,168
	49,610	*	CoreCivic, Inc		449
	39,753		CoreLogic Inc		3,150
	21,937	*	CoStar Group, Inc		18,030
	84,474		Covanta Holding Corp		1,171
	7,013		CRA International, Inc		523
	27,694		Deluxe Corp		1,162
	20,676	*	Driven Brands Holdings, Inc		526
	49,788	*	Dun & Bradstreet Holdings, Inc		1,185
	20,052		Ennis, Inc		428
	66,486		Equifax, Inc		12,043

266

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	22,542		Exponent, Inc	$	2,197
	7,582	*	Forrester Research, Inc		322
	7,620	*	Franklin Covey Co		216
	21,634	*	FTI Consulting, Inc		3,031
	9,864	*	GP Strategies Corp		172
	59,172	*	Harsco Corp		1,015
	49,914		Healthcare Services Group		1,399
	14,300		Heidrick & Struggles International, Inc		511
	8,893	*	Heritage-Crystal Clean, Inc		241
	28,968		Herman Miller, Inc		1,192
	31,637		HNI Corp		1,252
	15,850	*	Huron Consulting Group, Inc		799
	78,470	*	IAA, Inc		4,327
	13,124		ICF International, Inc		1,147
	219,727		IHS Markit Ltd		21,265
	25,976		Insperity, Inc		2,175
	44,581		Interface, Inc		556
	68,282		Jacobs Engineering Group, Inc		8,827
	88,200	*	KAR Auction Services, Inc		1,323
	82,538		KBR, Inc		3,169
	20,372	*	Kelly Services, Inc (Class A)		454
	18,302		Kforce, Inc		981
	25,171		Kimball International, Inc (Class B)		352
	35,963		Knoll, Inc		594
	37,013		Korn/Ferry International		2,308
	74,334		Leidos Holdings, Inc		7,157
	31,415		Manpower, Inc		3,107
	18,418		Mantech International Corp (Class A)		1,601
	22,585		Matthews International Corp (Class A)		893
	13,300	*	Mistras Group, Inc		152
	12,017	*	Montrose Environmental Group, Inc		603
	19,573	e	MSA Safety, Inc		2,936
	179,667		Nielsen NV		4,519
	4,961		NL Industries, Inc		37
	133,127		Pitney Bowes, Inc		1,097
	21,796		Quad Graphics, Inc		77
	117,504		Republic Services, Inc		11,674
	20,546		Resources Connection, Inc		278
	69,302		Robert Half International, Inc		5,410
	127,813		Rollins, Inc		4,399
	32,160		Science Applications International Corp		2,688
	12,140	*	SP Plus Corp		398
	61,807		Steelcase, Inc (Class A)		889
	49,051	*	Stericycle, Inc		3,311
	20,907	*	Team, Inc		241
	29,513		Tetra Tech, Inc		4,005
	104,231		TransUnion		9,381
	22,121	*	TriNet Group, Inc		1,725
	346	*	TrueBlue, Inc		8
	8,983		Unifirst Corp		2,010
	55,193	*	Upwork, Inc		2,471
	16,280	*	US Ecology, Inc		678
	88,487		Verisk Analytics, Inc		15,635
	15,178	*	Viad Corp		634

267

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	17,372	*	Vidler Water Resouces, Inc	$	155
	5,586		VSE Corp		221
	236,583		Waste Management, Inc		30,524
	5,398	*	Willdan Group, Inc		222
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		271,520
CONSUMER DURABLES & APPAREL - 1.5%
	15,286		Acushnet Holdings Corp		632
	9,880	*	American Outdoor Brands, Inc		249
	21,459	*	Beazer Homes USA, Inc		449
	44,121		Brunswick Corp		4,208
	69,841		Callaway Golf Co		1,868
	80,799	*	Capri Holdings Ltd		4,121
	20,899	*	Carter’s, Inc		1,859
	6,102	*	Cavco Industries, Inc		1,377
	13,611	*	Century Communities, Inc		821
	14,289		Clarus Corp		244
	13,474		Columbia Sportswear Co		1,423
	35,306	*	CROCS, Inc		2,840
	14,049	*	Deckers Outdoor Corp		4,642
	188,748		DR Horton, Inc		16,821
	7,865		Escalade, Inc		164
	18,783		Ethan Allen Interiors, Inc		519
	31,215	*	Fossil Group, Inc		387
	82,696		Garmin Ltd		10,903
	4,831	*	G-III Apparel Group Ltd		146
	74,136	*,e	GoPro, Inc		863
	16,535	*	Green Brick Partners, Inc		375
	6,360	e	Hamilton Beach Brands Holding Co		115
	201,239		Hanesbrands, Inc		3,958
	72,105		Hasbro, Inc		6,931
	15,207	*	Helen of Troy Ltd		3,203
	7,913		Hooker Furniture Corp		288
	13,822		Installed Building Products, Inc		1,533
	18,443	*	iRobot Corp		2,253
	3,583		Johnson Outdoors, Inc		511
	60,650		KB Home		2,822
	30,075		Kontoor Brands, Inc		1,460
	36,137		La-Z-Boy, Inc		1,535
	78,980		Leggett & Platt, Inc		3,605
	154,377		Lennar Corp (Class A)		15,628
	541		Lennar Corp (Class B)		45
	12,635	*	LGI Homes, Inc		1,887
	7,210		Lifetime Brands, Inc		106
	5,568	*	Lovesac Co		315
	63,088	*	Lululemon Athletica, Inc		19,350
	3,308	*	M/I Homes, Inc		195
	13,092	*	Malibu Boats, Inc		1,043
	8,407		Marine Products Corp		137
	13,690	*	MasterCraft Boat Holdings, Inc		364
	199,106	*	Mattel, Inc		3,966
	32,613		MDC Holdings, Inc		1,937
	22,102	*	Meritage Homes Corp		2,032
	31,434	*	Mohawk Industries, Inc		6,045

268

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	11,320		Movado Group, Inc	$	322
	17,631	*,e	Nautilus, Inc		276
	207,669		Newell Brands Inc		5,561
	700,805		Nike, Inc (Class B)		93,130
	1,853	*	NVR, Inc		8,729
	11,750		Oxford Industries, Inc		1,027
	145,284	*	Peloton Interactive, Inc		16,336
	32,179		Polaris Inc		4,296
	157,608		Pulte Homes, Inc		8,265
	8,506	*	Purple Innovation, Inc		269
	40,092	*	PVH Corp		4,238
	30,697	*	Ralph Lauren Corp		3,781
	79,579	*	Skechers U.S.A., Inc (Class A)		3,319
	32,514	*	Skyline Champion Corp		1,472
	39,523		Smith & Wesson Brands, Inc		690
	67,337	*	Sonos, Inc		2,523
	60,523		Steven Madden Ltd		2,255
	12,383		Sturm Ruger & Co, Inc		818
	5,163		Superior Uniform Group, Inc		131
	144,360	*	Tapestry, Inc		5,949
	67,492	*	Taylor Morrison Home Corp		2,079
	107,044		Tempur Sealy International, Inc		3,914
	69,223		Toll Brothers, Inc		3,927
	20,867	*	TopBuild Corp		4,370
	65,578	*	TRI Pointe Homes, Inc		1,335
	28,980	*	Tupperware Brands Corp		765
	110,698	*	Under Armour, Inc (Class A)		2,453
	110,542	*	Under Armour, Inc (Class C)		2,041
	10,905	*	Unifi, Inc		301
	10,485	*	Universal Electronics, Inc		576
	16,444	*	Vera Bradley, Inc		166
	177,722		VF Corp		14,204
	41,550	*	Vista Outdoor, Inc		1,332
	11,097	*	VOXX International Corp (Class A)		212
	34,621		Whirlpool Corp		7,629
	48,726		Wolverine World Wide, Inc		1,867
	44,122	*	YETI Holdings, Inc		3,186
			TOTAL CONSUMER DURABLES & APPAREL		349,919
CONSUMER SERVICES - 2.3%
	25,118	*	Accel Entertainment, Inc		275
	29,568	*	Adtalem Global Education, Inc		1,169
	12,233	*	American Public Education, Inc		436
	143,934		ARAMARK Holdings Corp		5,438
	13,497	*	Bally’s Corp		877
	769	*	Biglari Holdings, Inc (B Shares)		102
	15,173	*	BJ’s Restaurants, Inc		881
	44,145	*	Bloomin’ Brands, Inc		1,194
	8,897	*	Bluegreen Vacations Holding Corp		165
	23,211	*	Booking Holdings, Inc		54,078
	43,510	*	Boyd Gaming Corp		2,565
	36,213	*	Bright Horizons Family Solutions		6,209
	25,489	*	Brinker International, Inc		1,811
	102,314	*	Caesars Entertainment, Inc		8,947

269

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	341,617	*	Carnival Corp	$	9,067
	11,838		Carriage Services, Inc		417
	27,792	*	Carrols Restaurant Group, Inc		166
	16,727	*	Century Casinos, Inc		172
	31,824	*,e	Cheesecake Factory		1,862
	68,063	*	Chegg, Inc		5,830
	15,454	*	Chipotle Mexican Grill, Inc (Class A)		21,957
	17,380	*	Choice Hotels International, Inc		1,865
	20,586		Churchill Downs, Inc		4,682
	12,474	*	Chuy’s Holdings, Inc		553
	15,120		Cracker Barrel Old Country Store, Inc		2,614
	77,856		Darden Restaurants, Inc		11,056
	16,608	*	Dave & Buster’s Entertainment, Inc		796
	23,487		Del Taco Restaurants, Inc		225
	41,277	*	Denny’s Corp		748
	8,713	*	Dine Brands Global Inc.		784
	21,807		Domino’s Pizza, Inc		8,020
	14,501	*	El Pollo Loco Holdings, Inc		234
	45,885	*	Everi Holdings, Inc		647
	105,919		Extended Stay America, Inc		2,092
	20,469	*	Fiesta Restaurant Group, Inc		258
	45,952	*	frontdoor, Inc		2,470
	13,690	*,e	GAN Ltd		249
	7,389	*	Golden Entertainment, Inc		187
	1,652		Graham Holdings Co		929
	26,419	*	Grand Canyon Education, Inc		2,829
	98,961		H&R Block, Inc		2,157
	49,665	*	Hilton Grand Vacations, Inc		1,862
	152,179	*	Hilton Worldwide Holdings, Inc		18,401
	76,812	*	Houghton Mifflin Harcourt Co		585
	24,452	*	Hyatt Hotels Corp		2,022
	36,131	*,e	International Game Technology plc		580
	14,716		Jack in the Box, Inc		1,616
	189,050	*	Las Vegas Sands Corp		11,487
	62,559	*	Laureate Education, Inc		850
	10,890	*	Lindblad Expeditions Holdings, Inc		206
	153,692	*	Marriott International, Inc (Class A)		22,763
	21,099	*	Marriott Vacations Worldwide Corp		3,675
	421,939		McDonald’s Corp		94,573
	281,649		MGM Resorts International		10,700
	7,140	*	Monarch Casino & Resort, Inc		433
	2,378		Nathan’s Famous, Inc		150
	8,091	*	Noodles & Co		84
	204,209	*	Norwegian Cruise Line Holdings Ltd		5,634
	29,338	*	OneSpaWorld Holdings Ltd		312
	18,811		Papa John’s International, Inc		1,667
	88,526	*	Penn National Gaming, Inc		9,281
	46,334	*	Perdoceo Education Corp		554
	51,866	*	Planet Fitness, Inc		4,009
	10,854	*	PlayAGS, Inc		88
	6,547		RCI Hospitality Holdings, Inc		416
	9,211	*,e	Red Robin Gourmet Burgers, Inc		367
	37,399	*	Red Rock Resorts, Inc		1,219
	27,109	*,e	Regis Corp		341

270

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	106,238	*	Royal Caribbean Cruises Ltd	$	9,095
	21,790	*	Ruth’s Hospitality Group Inc		541
	37,197	*	Scientific Games Corp (Class A)		1,433
	30,308	*	SeaWorld Entertainment, Inc		1,505
	95,406		Service Corp International		4,870
	15,620	*	Shake Shack, Inc		1,761
	48,601	*	Six Flags Entertainment Corp		2,259
	658,526		Starbucks Corp		71,957
	11,328		Strategic Education, Inc		1,041
	26,055	*	Stride, Inc		785
	21,327	*,e	Target Hospitality Corp		54
	75,406	*	Terminix Global Holdings, Inc		3,595
	40,109	*	Texas Roadhouse, Inc (Class A)		3,848
	42,519		Travel & Leisure Co		2,600
	23,348	*	Vail Resorts, Inc		6,810
	41,530	*	Vivint Smart Home, Inc		595
	107,288		Wendy’s		2,174
	17,626		Wingstop, Inc		2,242
	26,120	*	WW International Inc		817
	51,637		Wyndham Hotels & Resorts, Inc		3,603
	58,587	*	Wynn Resorts Ltd		7,345
	221,986		Yum China Holdings, Inc		13,144
	166,225		Yum! Brands, Inc		17,982
			TOTAL CONSUMER SERVICES		520,944
DIVERSIFIED FINANCIALS - 4.8%
	24,496		Affiliated Managers Group, Inc		3,651
	280,518		AGNC Investment Corp		4,702
	8,948		Alerus Financial Corp		267
	213,556		Ally Financial, Inc		9,655
	368,900		American Express Co		52,177
	66,165		Ameriprise Financial, Inc		15,380
	743,506		Annaly Capital Management, Inc		6,394
	68,911		Apollo Commercial Real Estate Finance, Inc		963
	102,107		Apollo Global Management, Inc		4,800
	61,262		Arbor Realty Trust, Inc		974
	22,112		Ares Commercial Real Estate Corp		303
	44,189		Ares Management Corp		2,476
	16,506	*	Arlington Asset Investment Corp (Class A)		67
	26,163		ARMOUR Residential REIT, Inc		319
	32,135		Artisan Partners Asset Management, Inc		1,677
	8,796	*	Assetmark Financial Holdings, Inc		205
	4,316		Associated Capital Group, Inc		155
	10,240		B. Riley Financial, Inc		577
	21,466		Banco Latinoamericano de Exportaciones S.A. (Class E)		325
	446,938		Bank of New York Mellon Corp		21,136
	1,061,464	*	Berkshire Hathaway, Inc (Class B)		271,172
	166,153		BGC Partners, Inc (Class A)		803
	83,440		BlackRock, Inc		62,910
	73,790		Blackstone Mortgage Trust, Inc		2,288
	30,473	*	Blucora, Inc		507
	40,173		Brightsphere Investment Group, Inc		819
	76,557		Broadmark Realty Capital, Inc		801
	48,331	*	Cannae Holdings, Inc		1,915

271

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	255,571		Capital One Financial Corp	$	32,516
	71,072		Capstead Mortgage Corp		443
	50,657		Carlyle Group, Inc		1,862
	60,707		CBOE Global Markets, Inc		5,991
	777,439		Charles Schwab Corp		50,674
	7,464		Cherry Hill Mortgage Investment Corp		70
	94,757		Chimera Investment Corp		1,203
	200,815		CME Group, Inc		41,012
	15,440		Cohen & Steers, Inc		1,009
	7,402		Colony Credit Real Estate, Inc		63
	18,127		Cowen Group, Inc		637
	6,049	*,e	Credit Acceptance Corp		2,179
	7,834		Curo Group Holdings Corp		114
	2,179		Diamond Hill Investment Group, Inc		340
	175,968		Discover Financial Services		16,715
	19,156	*	Donnelley Financial Solutions, Inc		533
	11,107		Dynex Capital, Inc		210
	17,423		Ellington Financial Inc		279
	17,368	*,e	Encore Capital Group, Inc		699
	23,911	*	Enova International, Inc		848
	210,922		Equitable Holdings, Inc		6,880
	22,566		Evercore Inc		2,973
	38,445	*	Ezcorp, Inc (Class A)		191
	19,222		Factset Research Systems, Inc		5,932
	68,886		Federated Investors, Inc (Class B)		2,156
	24,222		FirstCash, Inc		1,591
	12,579	*	Focus Financial Partners, Inc		524
	135,894		Franklin Resources, Inc		4,022
	4,049		GAMCO Investors, Inc (Class A)		75
	187,460		Goldman Sachs Group, Inc		61,299
	31,227		Granite Point Mortgage Trust, Inc		374
	9,250		Great Ajax Corp		101
	33,057	*	Green Dot Corp		1,514
	19,893		Greenhill & Co, Inc		328
	18,233		Hamilton Lane, Inc		1,615
	35,286		Hannon Armstrong Sustainable Infrastructure Capital, Inc		1,980
	25,893		Houlihan Lokey, Inc		1,722
	47,028		Interactive Brokers Group, Inc (Class A)		3,435
	311,346		Intercontinental Exchange Group, Inc		34,771
	215,498		Invesco Ltd		5,435
	100,745	e	Invesco Mortgage Capital, Inc		404
	121,590		Jefferies Financial Group, Inc		3,660
	305,123		KKR & Co, Inc		14,905
	7,773		KKR Real Estate Finance Trust, Inc		143
	49,932		Ladder Capital Corp		589
	61,713		Lazard Ltd (Class A)		2,685
	42,896	*	LendingClub Corp		709
	4,628	*,e	LendingTree, Inc		986
	44,209		LPL Financial Holdings, Inc		6,285
	21,047		MarketAxess Holdings, Inc		10,480
	6,533		Marlin Business Services Corp		89
	270,747		MFA Financial Inc		1,102
	26,390		Moelis & Co		1,448
	91,615		Moody’s Corp		27,357

272

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	787,402		Morgan Stanley	$	61,150
	9,849		Morningstar, Inc		2,216
	45,928		MSCI, Inc (Class A)		19,257
	61,538		Nasdaq Inc		9,074
	72,560		Navient Corp		1,038
	5,920		Nelnet, Inc (Class A)		431
	231,837		New Residential Investment Corp		2,608
	225,109		New York Mortgage Trust, Inc		1,006
	22,218	*,†	NewStar Financial, Inc		5
	107,408		Northern Trust Corp		11,290
	37,084		OneMain Holdings, Inc		1,992
	11,565	*	Oportun Financial Corp		240
	7,363		Oppenheimer Holdings, Inc		295
	23,694	e	Orchid Island Capital, Inc		142
	47,765		PennyMac Mortgage Investment Trust		936
	10,272		Piper Jaffray Cos		1,126
	13,025		PJT Partners, Inc		881
	33,753	*	PRA Group, Inc		1,251
	36,804		PROG Holdings, Inc		1,593
	9,591		Pzena Investment Management, Inc (Class A)		101
	66,436		Raymond James Financial, Inc		8,142
	22,908		Ready Capital Corp		307
	49,700		Redwood Trust, Inc		517
	8,577		Regional Management Corp		297
	135,596		S&P Global, Inc		47,848
	16,951	*	Safeguard Scientifics, Inc		116
	37,572		Santander Consumer USA Holdings, Inc		1,017
	10,879		Sculptor Capital Management, Inc		238
	58,985		SEI Investments Co		3,594
	5,338		Silvercrest Asset Management Group, Inc		77
	211,103		SLM Corp		3,794
	153,692		Starwood Property Trust, Inc		3,802
	195,476		State Street Corp		16,422
	11,043		StepStone Group, Inc		390
	57,525		Stifel Financial Corp		3,685
	11,369	*	StoneX Group, Inc		743
	329,434		Synchrony Financial		13,395
	127,026		T Rowe Price Group, Inc		21,798
	7,897		TPG RE Finance Trust, Inc		88
	49,135		Tradeweb Markets, Inc		3,636
	174,270		Two Harbors Investment Corp		1,277
	7,809	*,e	Upstart Holdings, Inc		1,006
	37,412		Virtu Financial, Inc		1,162
	4,800		Virtus Investment Partners, Inc		1,130
	63,062		Voya Financial, Inc		4,013
	22,709		Waddell & Reed Financial, Inc (Class A)		569
	28,538	e	Western Asset Mortgage Capital Corp		91
	5,409		Westwood Holdings Group, Inc		78
	84,317		WisdomTree Investments, Inc		527
	4,248	*,e	World Acceptance Corp		551
			TOTAL DIVERSIFIED FINANCIALS		1,089,517
ENERGY - 2.6%
	146,439		Antero Midstream Corp		1,322

273

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	132,421	*	Antero Resources Corp	$	1,351
	241,520	*	APA Corp		4,323
	9,586	*	Arch Resources, Inc		399
	18,572		Archrock, Inc		176
	20,832	*	Ardmore Shipping Corp		95
	11,564	*	Aspen Aerogels, Inc		235
	372,296		Baker Hughes Co		8,045
	36,376		Berry Petroleum Co LLC		200
	14,562	*	Bonanza Creek Energy, Inc		520
	10,396		Brigham Minerals, Inc		152
	4,788	*	Bristow Group, Inc		124
	217,282		Cabot Oil & Gas Corp		4,081
	16,011		Cactus, Inc		490
	110,556	*	ChampionX Corp		2,402
	130,647	*	Cheniere Energy, Inc		9,408
	1,082,419		Chevron Corp		113,427
	49,611		Cimarex Energy Co		2,946
	96,211	*	Clean Energy Fuels Corp		1,322
	81,549	*	CNX Resources Corp		1,199
	771,212		ConocoPhillips		40,851
	20,666	*	CONSOL Energy, Inc		201
	53,393	*,e	Contango Oil & Gas Co		208
	32,957	*,e	Continental Resources, Inc		853
	11,149		CVR Energy, Inc		214
	26,329		Delek US Holdings, Inc		574
	344,085		Devon Energy Corp		7,518
	55,111		DHT Holdings, Inc		327
	14,000	*	Diamond S Shipping Inc		140
	90,044		Diamondback Energy, Inc		6,617
	9,586	*	DMC Global, Inc		520
	19,179	*	Dorian LPG Ltd		252
	27,635	*	Dril-Quip, Inc		918
	7,121	*	Earthstone Energy, Inc		51
	56,201	*	Energy Fuels, Inc		319
	335,801		EOG Resources, Inc		24,356
	153,612	*	EQT Corp		2,854
	166,021		Equitrans Midstream Corp		1,355
	17,517		Evolution Petroleum Corp		59
	23,313	*	Exterran Corp		78
	2,388,067	d	Exxon Mobil Corp		133,326
	24,885		Falcon Minerals Corp		112
	36,662	*,e	Frank’s International NV		130
	70,150	e	Frontline Ltd		502
	69,477	*	Golar LNG Ltd		711
	26,945	*	Green Plains Inc		729
	500,751		Halliburton Co		10,746
	100,808	*	Helix Energy Solutions Group, Inc		509
	52,744		Helmerich & Payne, Inc		1,422
	156,996		Hess Corp		11,109
	97,848		HollyFrontier Corp		3,501
	20,967		International Seaways, Inc		406
	1,073,625		Kinder Morgan, Inc		17,876
	234,852	*	Kosmos Energy Ltd		721
	9,873	*	Liberty Oilfield Services, Inc		112

274

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	65,268	*	Magnolia Oil & Gas Corp	$	749
	503,108		Marathon Oil Corp		5,373
	370,118		Marathon Petroleum Corp		19,798
	61,756		Matador Resources Co		1,448
	86,947		Murphy Oil Corp		1,427
	4,061	*,e	Nabors Industries Ltd		380
	3,180		Nacco Industries, Inc (Class A)		79
	63,344	*	Newpark Resources, Inc		199
	76,759	*	NexTier Oilfield Solutions, Inc		286
	68,002	e	Nordic American Tankers Ltd		221
	256,371	*	NOV, Inc		3,517
	468,293		Occidental Petroleum Corp		12,466
	71,446	*	Oceaneering International, Inc		816
	38,178	*	Oil States International, Inc		230
	254,378		ONEOK, Inc		12,887
	26,237	*	Overseas Shipholding Group, Inc		54
	155,692		Ovintiv, Inc		3,709
	23,180	*	Par Pacific Holdings, Inc		327
	150,779		Patterson-UTI Energy, Inc		1,075
	14,770	*	PBF Energy, Inc		209
	44,499	*	PDC Energy, Inc		1,531
	10,090	*,e	Penn Virginia Corp		135
	249,606		Phillips 66		20,353
	115,679		Pioneer Natural Resources Co		18,372
	48,018	*	ProPetro Holding Corp		512
	139,657	*	Range Resources Corp		1,443
	21,719	*	Renewable Energy Group, Inc		1,434
	4,186	*	Rex American Resources Corp		352
	42,512	*	RPC, Inc		230
	794,502		Schlumberger Ltd		21,603
	12,739	e	Scorpio Tankers, Inc		235
	6,869	*	Select Energy Services, Inc		34
	45,041		SFL Corp Ltd		361
	80,594		SM Energy Co		1,319
	6,855		Solaris Oilfield Infrastructure, Inc		84
	271,987	*	Southwestern Energy Co		1,265
	13,911	*	Talos Energy, Inc		168
	141,390		Targa Resources Investments, Inc		4,489
	39,279	*,e	Tellurian, Inc		92
	16,234	*	Tidewater, Inc		203
	328,145	*,e	Transocean Ltd (NYSE)		1,165
	95,169	*,e	Uranium Energy Corp		272
	58,687	*	US Silica Holdings, Inc		721
	233,145		Valero Energy Corp		16,693
	14,396	*,e	W&T Offshore, Inc		52
	695,357		Williams Cos, Inc		16,473
	29,960		World Fuel Services Corp		1,055
			TOTAL ENERGY		598,290
FOOD & STAPLES RETAILING - 1.3%
	87,310	e	Albertsons Cos, Inc		1,665
	19,849		Andersons, Inc		543
	81,482	*	BJ’s Wholesale Club Holdings, Inc		3,655
	22,168		Casey’s General Stores, Inc		4,793

275

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	14,374	*	Chefs’ Warehouse Holdings, Inc	$	438
	249,814		Costco Wholesale Corp		88,054
	32,707	*	Grocery Outlet Holding Corp		1,207
	21,180	*,e	HF Foods Group Inc		153
	10,217	e	Ingles Markets, Inc (Class A)		630
	438,070		Kroger Co		15,766
	6,410		Natural Grocers by Vitamin C		113
	70,016	*	Performance Food Group Co		4,034
	14,866		Pricesmart, Inc		1,438
	38,176	*	Rite Aid Corp		781
	27,344		SpartanNash Co		537
	72,919	*	Sprouts Farmers Market, Inc		1,941
	276,422		SYSCO Corp		21,765
	36,929	*	United Natural Foods, Inc		1,216
	129,589	*	US Foods Holding Corp		4,940
	4,843		Village Super Market (Class A)		114
	408,367		Walgreens Boots Alliance, Inc		22,419
	789,573		Walmart, Inc		107,248
	4,684		Weis Markets, Inc		265
			TOTAL FOOD & STAPLES RETAILING		283,715
FOOD, BEVERAGE & TOBACCO - 2.9%
	2,296		Alico, Inc		69
	1,045,962		Altria Group, Inc		53,511
	305,549		Archer-Daniels-Midland Co		17,416
	48,393	e	B&G Foods, Inc (Class A)		1,503
	29,996	*,e	Beyond Meat, Inc		3,903
	4,644	*	Boston Beer Co, Inc (Class A)		5,602
	21,579		Brown-Forman Corp (Class A)		1,374
	99,618		Brown-Forman Corp (Class B)		6,871
	76,112		Bunge Ltd		6,033
	11,455		Calavo Growers, Inc		889
	22,629	*	Cal-Maine Foods, Inc		869
	99,585		Campbell Soup Co		5,006
	20,431	*	Celsius Holdings, Inc		982
	2,190,557		Coca-Cola Co		115,464
	3,092		Coca-Cola Consolidated Inc		893
	259,443		ConAgra Brands, Inc		9,755
	88,839		Constellation Brands, Inc (Class A)		20,255
	89,070	*	Darling International, Inc		6,554
	5,320	*	Farmer Bros Co		56
	103,413		Flowers Foods, Inc		2,461
	20,613		Fresh Del Monte Produce, Inc		590
	23,047	*	Freshpet, Inc		3,660
	345,141		General Mills, Inc		21,164
	50,738	*	Hain Celestial Group, Inc		2,212
	81,896		Hershey Co		12,953
	153,581		Hormel Foods Corp		7,338
	57,996	*	Hostess Brands, Inc		832
	34,138		Ingredion, Inc		3,070
	10,369		J&J Snack Foods Corp		1,628
	62,685		J.M. Smucker Co		7,932
	5,780		John B. Sanfilippo & Son, Inc		522
	131,815		Kellogg Co		8,344

276

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	394,246		Keurig Dr Pepper, Inc	$	13,550
	356,168		Kraft Heinz Co		14,247
	86,473		Lamb Weston Holdings, Inc		6,700
	13,060		Lancaster Colony Corp		2,290
	19,323	*	Landec Corp		205
	8,386		Limoneira Co		147
	142,822		McCormick & Co, Inc		12,734
	9,193		MGP Ingredients, Inc		544
	100,662	*	Molson Coors Brewing Co (Class B)		5,149
	784,248		Mondelez International, Inc		45,902
	206,228	*	Monster Beverage Corp		18,785
	17,148	e	National Beverage Corp		839
	46,743	*	NewAge, Inc		134
	785,993		PepsiCo, Inc		111,179
	880,714		Philip Morris International, Inc		78,155
	29,374	*	Pilgrim’s Pride Corp		699
	35,377	*	Post Holdings, Inc		3,740
	92,946		Primo Water Corp		1,511
	11,652		Sanderson Farms, Inc		1,815
	19		Seaboard Corp		70
	5,451	*	Seneca Foods Corp		257
	40,880	*	Simply Good Foods Co		1,244
	11,995	e	Tootsie Roll Industries, Inc		397
	29,630	*	TreeHouse Foods, Inc		1,548
	4,760		Turning Point Brands, Inc		248
	167,956		Tyson Foods, Inc (Class A)		12,479
	13,804		Universal Corp		814
	53,131		Vector Group Ltd		741
	13,394	*	Vital Farms, Inc		292
			TOTAL FOOD, BEVERAGE & TOBACCO		666,126
HEALTH CARE EQUIPMENT & SERVICES - 6.3%
	45,310	*	1Life Healthcare, Inc		1,771
	977,603		Abbott Laboratories		117,156
	25,665	*	Abiomed, Inc		8,180
	56,824	*	Acadia Healthcare Co, Inc		3,247
	18,841	*,e	Accelerate Diagnostics, Inc		157
	6,707	*	Accolade, Inc		304
	58,290	*	Accuray, Inc		289
	5,674	*	Acutus Medical, Inc		76
	42,027	*	AdaptHealth Corp		1,545
	5,501	*	Addus HomeCare Corp		575
	43,593	*	Align Technology, Inc		23,607
	97,466	*	Allscripts Healthcare Solutions, Inc		1,463
	31,277	*	Alphatec Holdings Inc		494
	17,538	*	Amedisys, Inc		4,644
	25,827	*	American Well Corp		449
	77,445		AmerisourceBergen Corp		9,144
	31,962	*	AMN Healthcare Services, Inc		2,356
	26,107	*	Angiodynamics, Inc		611
	104,354	*	Antares Pharma, Inc		429
	140,546		Anthem, Inc		50,449
	16,786	*	Apollo Medical Holdings, Inc		455
	45,045	*	Aspira Women’s Health, Inc		304

277

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	22,609	*	AtriCure, Inc	$	1,481
	1,019		Atrion Corp		654
	33,829	*	Avanos Medical, Inc		1,480
	18,090	*	AxoGen, Inc		367
	9,978	*	Axonics Modulation Technologies, Inc		598
	290,979		Baxter International, Inc		24,541
	162,562		Becton Dickinson & Co		39,527
	7,927	*	BioLife Solutions Inc		285
	815,131	*	Boston Scientific Corp		31,505
	135,933	*	Brookdale Senior Living, Inc		822
	25,974	*	Cantel Medical Corp		2,074
	164,290		Cardinal Health, Inc		9,981
	23,626	*	Cardiovascular Systems, Inc		906
	6,101	*	Castle Biosciences, Inc		418
	325,464	*	Centene Corp		20,800
	170,053		Cerner Corp		12,223
	18,061	*	Certara, Inc		493
	71,510	*	Cerus Corp		430
	138,891	*	Change Healthcare, Inc		3,070
	9,197		Chemed Corp		4,229
	193,995		Cigna Corp		46,896
	15,433	*,e	Co-Diagnostics, Inc		147
	49,106	*	Community Health Systems, Inc		664
	8,700		Computer Programs & Systems, Inc		266
	19,875		Conmed Corp		2,595
	26,916		Cooper Cos, Inc		10,338
	7,512	*	Corvel Corp		771
	66,022	*	Covetrus, Inc		1,979
	25,224	*	Cross Country Healthcare, Inc		315
	23,064	*	CryoLife, Inc		521
	16,944	*,e	CryoPort, Inc		881
	10,004	*	Cutera, Inc		301
	731,095		CVS Health Corp		55,000
	19,235	*	CytoSorbents Corp		167
	355,849		Danaher Corp		80,095
	41,271	*	DaVita, Inc		4,448
	130,875		Dentsply Sirona, Inc		8,351
	52,388	*	DexCom, Inc		18,828
	4,541	*	Eargo, Inc		227
	348,603	*	Edwards Lifesciences Corp		29,157
	54,203		Encompass Health Corp		4,439
	25,058		Ensign Group, Inc		2,351
	90,976	*	Envista Holdings Corp		3,712
	27,058	*	Enzo Biochem, Inc		93
	45,708	*	Evolent Health, Inc		923
	7,703	*,e	Fulgent Genetics, Inc		744
	30,765	*	GenMark Diagnostics, Inc		735
	20,642	*	Glaukos Corp		1,732
	48,523	*	Globus Medical, Inc		2,992
	44,457	*	Guardant Health, Inc		6,786
	31,065	*	Haemonetics Corp		3,449
	23,398	*	Hanger Inc		534
	148,875		HCA Healthcare, Inc		28,039
	11,667	*	Health Catalyst, Inc		546

278

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	41,555	*	HealthEquity, Inc	$	2,826
	18,780	*	HealthStream, Inc		420
	82,116	*	Henry Schein, Inc		5,686
	4,605	*	Heska Corp		776
	36,164		Hill-Rom Holdings, Inc		3,995
	44,045	*	HMS Holdings Corp		1,629
	143,873	*	Hologic, Inc		10,701
	73,905		Humana, Inc		30,985
	10,885	*	ICU Medical, Inc		2,236
	47,755	*	IDEXX Laboratories, Inc		23,367
	4,432	*	Inari Medical, Inc		474
	12,244	*	Inogen, Inc		643
	43,464	*	Inovalon Holdings, Inc		1,251
	15,579	*	Inspire Medical Systems, Inc		3,225
	38,127	*	Insulet Corp		9,948
	22,691	*	Integer Holding Corp		2,090
	34,017	*	Integra LifeSciences Holdings Corp		2,350
	18,642	*	Intersect ENT, Inc		389
	4,136	*	IntriCon Corp		106
	65,384	*	Intuitive Surgical, Inc		48,315
	23,110		Invacare Corp		185
	16,105	*,e	iRhythm Technologies, Inc		2,236
	7,427	*	Joint Corp		359
	53,982	*	Laboratory Corp of America Holdings		13,767
	34,223	*	Lantheus Holdings, Inc		731
	9,523		LeMaitre Vascular, Inc		465
	9,155	*	LENSAR, Inc		66
	17,004	*	LHC Group, Inc		3,251
	33,006	*	LivaNova plc		2,434
	16,931	*	Magellan Health Services, Inc		1,579
	26,610	*	Masimo Corp		6,111
	90,561		McKesson Corp		17,663
	43,753	*	MEDNAX, Inc		1,114
	758,054		Medtronic plc		89,549
	31,965	*	Meridian Bioscience, Inc		839
	35,220	*	Merit Medical Systems, Inc		2,109
	2,255		Mesa Laboratories, Inc		549
	8,662	*	ModivCare, Inc		1,283
	33,870	*	Molina Healthcare, Inc		7,917
	7,753		National Healthcare Corp		604
	5,598	*	National Research Corp		262
	24,197	*	Natus Medical, Inc		620
	27,873	*	Neogen Corp		2,478
	19,942	*	Nevro Corp		2,782
	37,773	*	NextGen Healthcare, Inc		684
	54,721	*	Novocure Ltd		7,233
	36,380	*	NuVasive, Inc		2,385
	50,750	*	Oak Street Health, Inc		2,754
	26,681	*	Omnicell, Inc		3,465
	4,594	*,e	Ontrak, Inc		150
	8,440	*	OptimizeRx Corp		411
	21,564	*	Option Care Health, Inc		383
	40,487	*	OraSure Technologies, Inc		472
	49,394	*	Ortho Clinical Diagnostics Holdings plc		953

279

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	12,159	*	Orthofix Medical Inc	$	527
	5,177	*,e	OrthoPediatrics Corp		252
	5,659	*	Outset Medical, Inc		308
	43,714		Owens & Minor, Inc		1,643
	57,408		Patterson Cos, Inc		1,834
	17,723	*	Pennant Group, Inc		812
	17,918	*	Penumbra, Inc		4,848
	5,304	*,e	PetIQ, Inc		187
	16,748	*	Phreesia, Inc		873
	69,502		Premier, Inc		2,353
	15,686	*	Progyny, Inc		698
	6,596	*	Pulmonx Corp		302
	1,569	*,e	Pulse Biosciences, Inc		37
	76,286		Quest Diagnostics, Inc		9,791
	20,943	*	Quidel Corp		2,679
	36,034	*	Quotient Ltd		133
	72,154	*	R1 RCM, Inc		1,781
	25,914	*	RadNet, Inc		564
	80,210		Resmed, Inc		15,562
	37,335	*,e	Rockwell Medical, Inc		43
	17,095	*	Schrodinger, Inc		1,304
	15,644	*	SeaSpine Holdings Corp		272
	77,335	*	Select Medical Holdings Corp		2,637
	15,867	*	Shockwave Medical Inc		2,067
	10,272	*	SI-BONE, Inc		327
	10,185	*,e	Sientra, Inc		74
	12,617	*	Signify Health, Inc		369
	18,916	*	Silk Road Medical Inc		958
	7,680		Simulations Plus, Inc		486
	26,141	*	Staar Surgical Co		2,756
	46,976		STERIS plc		8,948
	194,861		Stryker Corp		47,464
	38,631	*	Surgalign Holdings, Inc		84
	13,353	*	Surgery Partners, Inc		591
	10,275	*	SurModics, Inc		576
	6,560	*,e	Tabula Rasa HealthCare, Inc		302
	6,719	*	Tactile Systems Technology, Inc		366
	35,006	*	Tandem Diabetes Care, Inc		3,089
	60,341	*	Teladoc, Inc		10,967
	26,634		Teleflex, Inc		11,065
	59,665	*	Tenet Healthcare Corp		3,103
	30,967	*	Tivity Health, Inc		691
	11,786	*	Transmedics Group, Inc		489
	18,960	*	Triple-S Management Corp (Class B)		494
	532,665		UnitedHealth Group, Inc		198,189
	44,084		Universal Health Services, Inc (Class B)		5,880
	9,158	e	US Physical Therapy, Inc		953
	2,349	e	Utah Medical Products, Inc		203
	7,211	*,e	Vapotherm, Inc		173
	27,229	*	Varex Imaging Corp		558
	49,189	*	Varian Medical Systems, Inc		8,683
	77,535	*	Veeva Systems, Inc		20,255
	20,450	*	Viemed Healthcare, Inc		207
	19,827	*	ViewRay, Inc		86

280

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	20,093	*	Vocera Communications, Inc	$	773
	41,732		West Pharmaceutical Services, Inc		11,759
	120,493		Zimmer Biomet Holdings, Inc		19,289
	9,856	*,e	Zynex Inc		151
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		1,443,731
HOUSEHOLD & PERSONAL PRODUCTS - 1.5%
	25,021	*	BellRing Brands, Inc		591
	7,431	*	Central Garden & Pet Co		431
	24,471	*	Central Garden and Pet Co (Class A)		1,270
	139,764		Church & Dwight Co, Inc		12,208
	72,404		Clorox Co		13,965
	476,899		Colgate-Palmolive Co		37,594
	215,270	*	Coty, Inc		1,940
	41,449		Edgewell Personal Care Co		1,641
	15,146	*	elf Beauty, Inc		406
	37,105		Energizer Holdings, Inc		1,761
	127,705		Estee Lauder Cos (Class A)		37,143
	48,450	*	Herbalife Nutrition Ltd		2,149
	12,258		Inter Parfums, Inc		870
	186,772		Kimberly-Clark Corp		25,971
	7,966		Medifast, Inc		1,687
	5,868		Nature’s Sunshine Products, Inc		117
	36,417		Nu Skin Enterprises, Inc (Class A)		1,926
	3,981		Oil-Dri Corp of America		137
	1,375,063		Procter & Gamble Co		186,225
	8,319	*	Revlon, Inc (Class A)		103
	6,759		Reynolds Consumer Products, Inc		201
	27,100		Spectrum Brands Holdings, Inc		2,304
	8,349	*	USANA Health Sciences, Inc		815
	30,185	*,e	Veru, Inc		325
	7,178		WD-40 Co		2,198
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		333,978
INSURANCE - 2.1%
	386,230		Aflac, Inc		19,767
	8,152	*	Alleghany Corp		5,106
	169,524		Allstate Corp		19,478
	32,424	*	AMBAC Financial Group, Inc		543
	39,602		American Equity Investment Life Holding Co		1,249
	43,725		American Financial Group, Inc		4,989
	496,335		American International Group, Inc		22,936
	5,469		American National Group, Inc		590
	13,468		Amerisafe, Inc		862
	126,596		Aon plc		29,131
	229,608	*	Arch Capital Group Ltd		8,810
	24,041	*	Argo Group International Holdings Ltd		1,210
	103,804		Arthur J. Gallagher & Co		12,952
	35,672		Assurant, Inc		5,057
	36,683		Assured Guaranty Ltd		1,551
	53,840	*	Athene Holding Ltd		2,714
	49,119		Axis Capital Holdings Ltd		2,435
	37,914	*	Brighthouse Financial, Inc		1,678
	131,778		Brown & Brown, Inc		6,024

281

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	11,865	*	BRP Group, Inc	$	323
	252,515		Chubb Ltd		39,890
	89,646		Cincinnati Financial Corp		9,242
	32,879	*,e	Citizens, Inc (Class A)		190
	6,112		CNA Financial Corp		273
	66,761		Conseco, Inc		1,622
	7,812		Donegal Group, Inc (Class A)		116
	15,165	*	eHealth, Inc		1,103
	23,170		Employers Holdings, Inc		998
	5,156	*	Enstar Group Ltd		1,272
	12,595		Erie Indemnity Co (Class A)		2,782
	22,208		Everest Re Group Ltd		5,503
	7,071		FBL Financial Group, Inc (Class A)		395
	10,321		FedNat Holding Co		48
	156,733		Fidelity National Financial Inc		6,373
	67,815		First American Financial Corp		3,842
	311,286	*	Genworth Financial, Inc (Class A)		1,033
	52,364		Globe Life, Inc		5,060
	24,045	*	GoHealth, Inc		281
	6,616		Goosehead Insurance, Inc		709
	20,683	*,e	Greenlight Capital Re Ltd (Class A)		180
	15,929		Hanover Insurance Group, Inc		2,062
	201,364		Hartford Financial Services Group, Inc		13,449
	5,533		HCI Group, Inc		425
	18,411		Heritage Insurance Holdings, Inc		204
	29,606		Horace Mann Educators Corp		1,279
	5,237		Independence Holding Co		209
	1,119		Investors Title Co		186
	12,617		James River Group Holdings Ltd		576
	29,876		Kemper Corp		2,382
	10,502		Kinsale Capital Group, Inc		1,731
	18,738	*,e	Lemonade, Inc		1,745
	108,445		Lincoln National Corp		6,753
	126,990		Loews Corp		6,512
	7,340	*	Markel Corp		8,365
	283,311		Marsh & McLennan Cos, Inc		34,507
	59,989	*	MBIA, Inc		577
	20,342		Mercury General Corp		1,237
	431,658		Metlife, Inc		26,240
	1,551		National Western Life Group, Inc		386
	7,308	*	NI Holdings, Inc		135
	159,349		Old Republic International Corp		3,480
	7,880	*	Palomar Holdings, Inc		528
	23,895		Primerica, Inc		3,532
	160,225		Principal Financial Group		9,607
	37,307		ProAssurance Corp		998
	327,102		Progressive Corp		31,274
	6,904		Protective Insurance Corp		158
	221,134		Prudential Financial, Inc		20,145
	37,637		Reinsurance Group of America, Inc (Class A)		4,744
	28,312		RenaissanceRe Holdings Ltd		4,537
	23,570		RLI Corp		2,630
	11,093		Safety Insurance Group, Inc		935
	35,222		Selective Insurance Group, Inc		2,555

282

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	73,128	*	Selectquote, Inc	$	2,158
	51,271	*	SiriusPoint Ltd		521
	11,039		State Auto Financial Corp		218
	15,315		Stewart Information Services Corp		797
	22,143		Tiptree Inc		198
	142,016		Travelers Cos, Inc		21,359
	15,868	*	Trupanion, Inc		1,209
	16,104		United Fire Group Inc		560
	12,682		United Insurance Holdings Corp		91
	22,402		Universal Insurance Holdings, Inc		321
	114,459		Unum Group		3,185
	83,367		W.R. Berkley Corp		6,282
	13,074	*	Watford Holdings Ltd		453
	1,751		White Mountains Insurance Group Ltd		1,952
	70,758		Willis Towers Watson plc		16,195
			TOTAL INSURANCE		477,899
MATERIALS - 2.9%
	15,014	*	Advanced Emissions Solutions, Inc		83
	22,501	*	AdvanSix, Inc		603
	124,137		Air Products & Chemicals, Inc		34,925
	65,198		Albemarle Corp		9,526
	122,406	*	Alcoa Corp		3,977
	78,013	*	Allegheny Technologies, Inc		1,643
	848,308		Amcor plc		9,908
	20,501		American Vanguard Corp		418
	41,780	*,e	Amyris, Inc		798
	32,274		Aptargroup, Inc		4,572
	57,334	*	Arconic Corp		1,456
	13,288		Ardagh Group S.A.		338
	36,159		Ashland Global Holdings, Inc		3,210
	47,576		Avery Dennison Corp		8,737
	58,890		Avient Corp		2,784
	113,646	*	Axalta Coating Systems Ltd		3,362
	19,086		Balchem Corp		2,394
	177,552		Ball Corp		15,046
	67,446	*	Berry Global Group, Inc		4,141
	31,457		Cabot Corp		1,650
	31,590		Carpenter Technology Corp		1,300
	63,694		Celanese Corp (Series A)		9,542
	36,798	*	Century Aluminum Co		650
	127,807		CF Industries Holdings, Inc		5,800
	5,158		Chase Corp		600
	72,704		Chemours Co		2,029
	11,678	*	Clearwater Paper Corp		439
	234,932	*,e	Cleveland-Cliffs, Inc		4,724
	119,550	*	Coeur Mining, Inc		1,080
	66,530		Commercial Metals Co		2,052
	20,319		Compass Minerals International, Inc		1,274
	423,054		Corteva, Inc		19,723
	68,490		Crown Holdings, Inc		6,646
	32,116		Domtar Corp		1,187
	426,068		Dow, Inc		27,243
	305,119		DuPont de Nemours, Inc		23,580

283

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	18,480	*	Eagle Materials, Inc	$	2,484
	73,320		Eastman Chemical Co		8,074
	141,037		Ecolab, Inc		30,192
	111,084		Element Solutions, Inc		2,032
	60,041	*	Ferro Corp		1,012
	47,286	*,†	Ferroglobe plc		0
	71,763		FMC Corp		7,938
	16,526	*	Forterra, Inc		384
	814,176	*	Freeport-McMoRan, Inc (Class B)		26,811
	17,819		FutureFuel Corp		259
	23,656	*	GCP Applied Technologies, Inc		580
	32,454		Glatfelter Corp		557
	39,231		Gold Resource Corp		104
	145,764		Graphic Packaging Holding Co		2,647
	18,292		Greif, Inc (Class A)		1,043
	3,993		Greif, Inc (Class B)		229
	34,325		H.B. Fuller Co		2,159
	15,846		Hawkins, Inc		531
	9,402		Haynes International, Inc		279
	335,463		Hecla Mining Co		1,909
	119,837		Huntsman Corp		3,455
	30,403	*	Ingevity Corp		2,296
	11,273		Innospec, Inc		1,158
	141,279		International Flavors & Fragrances, Inc		19,724
	222,463		International Paper Co		12,029
	6,735	*	Intrepid Potash, Inc		219
	12,178		Kaiser Aluminum Corp		1,346
	15,231	*	Koppers Holdings, Inc		529
	21,628	*	Kraton Corp		791
	14,288		Kronos Worldwide, Inc		219
	296,310		Linde plc		83,008
	93,236	*	Livent Corp		1,615
	61,245		Louisiana-Pacific Corp		3,397
	145,406		LyondellBasell Industries NV		15,129
	35,003		Martin Marietta Materials, Inc		11,755
	14,781		Materion Corp		979
	23,990		Minerals Technologies, Inc		1,807
	201,587		Mosaic Co		6,372
	18,118		Myers Industries, Inc		358
	10,909		Neenah Inc		560
	2,464		NewMarket Corp		937
	454,255		Newmont Goldcorp Corp		27,378
	149,512	*	Novagold Resources Inc		1,310
	162,746		Nucor Corp		13,064
	90,414	*	O-I Glass, Inc		1,333
	85,291		Olin Corp		3,238
	6,559		Olympic Steel, Inc		193
	38,461	*	Orion Engineered Carbons SA		758
	53,238		Packaging Corp of America		7,159
	22,477		Pactiv Evergreen, Inc		309
	131,569		PPG Industries, Inc		19,770
	20,162		PQ Group Holdings, Inc		337
	9,399		Quaker Chemical Corp		2,291
	16,208	*	Ranpak Holdings Corp		325

284

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	31,957	*	Rayonier Advanced Materials, Inc	$	290
	31,705		Reliance Steel & Aluminum Co		4,828
	41,577		Royal Gold, Inc		4,474
	68,580		RPM International, Inc		6,299
	8,418	*	Ryerson Holding Corp		143
	19,399		Schnitzer Steel Industries, Inc (Class A)		811
	20,766		Schweitzer-Mauduit International, Inc		1,017
	22,512		Scotts Miracle-Gro Co (Class A)		5,515
	93,004		Sealed Air Corp		4,261
	23,291		Sensient Technologies Corp		1,817
	46,199		Sherwin-Williams Co		34,095
	30,024		Silgan Holdings, Inc		1,262
	46,787		Sonoco Products Co		2,962
	40,287		Southern Copper Corp (NY)		2,734
	120,908		Steel Dynamics, Inc		6,137
	14,267		Stepan Co		1,813
	45,056	*	Summit Materials, Inc		1,262
	48,451		SunCoke Energy, Inc		340
	29,755	*	TimkenSteel Corp		350
	15,246	*	Trecora Resources		118
	19,671		Tredegar Corp		295
	23,427		Trinseo S.A.		1,492
	47,159		Tronox Holdings plc		863
	4,630	*	UFP Technologies, Inc		231
	1,357		United States Lime & Minerals, Inc		181
	146,037		United States Steel Corp		3,822
	11,048	*	US Concrete, Inc		810
	92,954		Valvoline, Inc		2,423
	22,885		Verso Corp		334
	75,562		Vulcan Materials Co		12,751
	32,691		W R Grace & Co		1,957
	11,178		Warrior Met Coal, Inc		191
	24,489		Westlake Chemical Corp		2,174
	148,721		WestRock Co		7,741
	13,987		Worthington Industries, Inc		938
			TOTAL MATERIALS		668,543
MEDIA & ENTERTAINMENT - 8.5%
	431,779		Activision Blizzard, Inc		40,155
	169,383	*	Alphabet, Inc (Class A)		349,356
	164,066	*	Alphabet, Inc (Class C)		339,392
	127,044	*	Altice USA, Inc		4,133
	212,162	*,e	AMC Entertainment Holdings, Inc		2,166
	16,067	*	AMC Networks, Inc		854
	7,354	*	Boston Omaha Corp		217
	3,042		Cable One, Inc		5,562
	15,383	*	Cardlytics, Inc		1,688
	51,402	*	Cargurus, Inc		1,225
	51,951	*	Cars.com, Inc		673
	79,181	*	Charter Communications, Inc		48,856
	76,895	*	Cinemark Holdings, Inc		1,569
	2,567,373		Comcast Corp (Class A)		138,921
	31,610	*	comScore, Inc		116
	772	*	Daily Journal Corp		244

285

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	89,117	*	Discovery, Inc (Class A)	$	3,873
	165,600	*	Discovery, Inc (Class C)		6,109
	124,002	*	DISH Network Corp (Class A)		4,489
	162,180		Electronic Arts, Inc		21,954
	11,002	*	Emerald Holding, Inc		61
	88,350	*	Entercom Communications Corp (Class A)		464
	50,932		Entravision Communications Corp (Class A)		206
	20,620	*	Eros STX Global Corp		37
	23,593	*	Eventbrite Inc		523
	8,345	*	EverQuote Inc		303
	42,935		EW Scripps Co (Class A)		827
	1,354,933	*	Facebook, Inc		399,068
	10,504	*	Fluent, Inc		43
	186,618		Fox Corp (Class A)		6,739
	87,909		Fox Corp (Class B)		3,071
	6,584	*	Gaia, Inc		78
	74,491	*	Gannett Co, Inc		401
	54,344	*	Glu Mobile, Inc		678
	46,930		Gray Television, Inc		863
	11,523	*	Hemisphere Media Group, Inc		134
	42,355	*	IAC/InterActive Corp		9,162
	35,623	*	iHeartMedia, Inc		647
	42,177	*	Imax Corp		848
	230,004		Interpublic Group of Cos, Inc		6,716
	30,218		John Wiley & Sons, Inc (Class A)		1,638
	7,655	*,e	Liberty Braves Group (Class A)		218
	25,374	*	Liberty Braves Group (Class C)		706
	12,929	*	Liberty Broadband Corp (Class A)		1,877
	89,605	*	Liberty Broadband Corp (Class C)		13,454
	15,619	*	Liberty Media Group (Class A)		597
	123,792	*	Liberty Media Group (Class C)		5,359
	50,898	*	Liberty SiriusXM Group (Class A)		2,244
	98,761	*	Liberty SiriusXM Group (Class C)		4,356
	53,282	*	Liberty TripAdvisor Holdings, Inc		340
	37,150	*,e	Lions Gate Entertainment Corp (Class A)		555
	71,817	*	Lions Gate Entertainment Corp (Class B)		926
	82,220	*	Live Nation, Inc		6,960
	9,932		Loral Space & Communications, Inc		374
	13,200	*	Madison Square Garden Co		2,369
	13,200	*	Madison Square Garden Entertainment Corp		1,080
	14,211	*,e	Marcus Corp		284
	123,644	*	Match Group, Inc		16,986
	6,104	*	MediaAlpha, Inc		216
	5,731	*	Meredith Corp		171
	43,336	*	MSG Networks, Inc		652
	46,358		National CineMedia, Inc		214
	240,995	*	Netflix, Inc		125,717
	89,935		New York Times Co (Class A)		4,552
	232,243		News Corp (Class A)		5,906
	50,219		News Corp (Class B)		1,178
	19,748		Nexstar Media Group Inc		2,773
	120,575		Omnicom Group, Inc		8,941
	226,806	*	Pinterest, Inc		16,790
	42,908	*	Playtika Holding Corp		1,168

286

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	20,643	*	QuinStreet, Inc	$	419
	61,383	*	Roku, Inc		19,997
	3,161	*	Saga Communications, Inc		69
	19,984		Scholastic Corp		602
	42,650		Sinclair Broadcast Group, Inc (Class A)		1,248
	604,849	e	Sirius XM Holdings, Inc		3,684
	74,275	*	Spotify Technology S.A.		19,902
	65,316	*	Take-Two Interactive Software, Inc		11,541
	12,153	*	TechTarget, Inc		844
	119,764		TEGNA, Inc		2,255
	15,283	*	Tribune Publishing Co		275
	56,597	*	TripAdvisor, Inc		3,044
	44,667	*	TrueCar, Inc		214
	440,175	*	Twitter, Inc		28,008
	4,594		ViacomCBS, Inc (Class A)		217
	305,622		ViacomCBS, Inc (Class B)		13,784
	1,022,489	*	Walt Disney Co		188,670
	15,148	*	WideOpenWest, Inc		206
	27,047		World Wrestling Entertainment, Inc (Class A)		1,468
	41,665	*	Yelp, Inc		1,625
	30,754	*	Zillow Group, Inc (Class A)		4,040
	82,774	*	Zillow Group, Inc (Class C)		10,731
	549,506	*	Zynga, Inc		5,610
			TOTAL MEDIA & ENTERTAINMENT		1,949,475
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 7.2%
	32,568	*	10X Genomics, Inc		5,895
	994,017		AbbVie, Inc		107,573
	35,579	*,e	Abeona Therapeutics, Inc		67
	70,913	*	Acadia Pharmaceuticals, Inc		1,830
	27,490	*	Acceleron Pharma, Inc		3,728
	41,261	*	Adaptive Biotechnologies Corp		1,661
	42,500	*,e	ADMA Biologics, Inc		75
	36,900	*	Adverum Biotechnologies, Inc		364
	25,056	*	Aeglea BioTherapeutics, Inc		198
	21,807	*	Aerie Pharmaceuticals, Inc		390
	43,765	*	Affimed NV		346
	56,789	*	Agenus, Inc		154
	171,899		Agilent Technologies, Inc		21,855
	34,493	*	Agios Pharmaceuticals, Inc		1,781
	62,063	*	Akebia Therapeutics, Inc		210
	6,662	*,e	Akero Therapeutics, Inc		193
	8,375	*	Akouos, Inc		116
	6,175	*	Albireo Pharma, Inc		218
	34,164	*,†	Alder Biopharmaceuticals Inc		30
	19,353	*	Alector, Inc		390
	124,174	*	Alexion Pharmaceuticals, Inc		18,987
	110,420	*	Alkermes plc		2,063
	12,247	*	Allakos, Inc		1,406
	28,864	*	Allogene Therapeutics, Inc		1,019
	10,335	*	Allovir, Inc		242
	68,830	*	Alnylam Pharmaceuticals, Inc		9,718
	5,521	*	ALX Oncology Holdings, Inc		407
	331,439		Amgen, Inc		82,465

287

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	151,298	*	Amicus Therapeutics, Inc	$	1,495
	53,162	*	Amneal Pharmaceuticals, Inc		358
	25,774	*	Amphastar Pharmaceuticals, Inc		472
	12,566	*	AnaptysBio, Inc		271
	30,524	*,e	Anavex Life Sciences Corp		456
	5,767	*	ANI Pharmaceuticals, Inc		208
	10,943	*	Anika Therapeutics, Inc		446
	8,875	*	Annexon, Inc		247
	43,255	*	Apellis Pharmaceuticals, Inc		1,856
	7,158	*	Applied Molecular Transport, Inc		315
	2,776	*	Applied Therapeutics, Inc		52
	4,282	*,e	Aprea Therapeutics, Inc		22
	7,756	*	Arcturus Therapeutics Holdings, Inc		320
	20,717	*	Arcus Biosciences, Inc		582
	5,644	*	Arcutis Biotherapeutics, Inc		163
	22,973	*	Ardelyx, Inc		152
	33,642	*	Arena Pharmaceuticals, Inc		2,334
	58,978	*	Arrowhead Pharmaceuticals Inc		3,911
	11,368	*	Arvinas, Inc		751
	10,043	*	Assembly Biosciences, Inc		46
	34,194	*	Atara Biotherapeutics, Inc		491
	8,237	*	Atea Pharmaceuticals, Inc		509
	28,525	*	Athenex, Inc		123
	52,762	*,e	Athersys, Inc		95
	7,303	*	Athira Pharma, Inc		134
	12,676	*	Atreca, Inc		194
	284,322	*	Avantor, Inc		8,225
	33,858	*	Avid Bioservices, Inc		617
	9,645	*	Avidity Biosciences, Inc		210
	13,157	*	Avrobio, Inc		167
	15,727	*	Axsome Therapeutics, Inc		890
	22,668	*,e	Beam Therapeutics, Inc		1,814
	5,427	*	Berkeley Lights, Inc		273
	6,481	*	BioAtla, Inc		330
	68,998	*,e	BioCryst Pharmaceuticals, Inc		702
	52,671	*	BioDelivery Sciences International, Inc		206
	87,789	*	Biogen, Inc		24,559
	28,080	*	Biohaven Pharmaceutical Holding Co Ltd		1,919
	108,133	*	BioMarin Pharmaceutical, Inc		8,165
	12,637	*	Bio-Rad Laboratories, Inc (Class A)		7,218
	22,186		Bio-Techne Corp		8,474
	6,302	*,e	Bioxcel Therapeutics Inc		272
	7,321	*	Black Diamond Therapeutics, Inc		178
	33,689	*	Bluebird Bio, Inc		1,016
	28,144	*	Blueprint Medicines Corp		2,736
	7,102	*,e	Bolt Biotherapeutics, Inc		234
	15,901	*,e	BrainStorm Cell Therapeutics, Inc		61
	53,186	*	Bridgebio Pharma, Inc		3,276
	1,276,515		Bristol-Myers Squibb Co		80,586
	63,170		Bruker BioSciences Corp		4,061
	5,973	*,e	C4 Therapeutics, Inc		221
	21,820	*	Calithera Biosciences, Inc		53
	5,849	*,e	Calyxt, Inc		35
	19,366	*,e	Cara Therapeutics, Inc		420

288

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	21,908	*	CareDx, Inc	$	1,492
	33,837	*	CASI Pharmaceuticals, Inc		81
	18,297	*,e	Cassava Sciences, Inc		822
	90,837	*	Catalent, Inc		9,566
	50,782	*	Catalyst Pharmaceuticals, Inc		234
	20,222	*,e	CEL-SCI Corp		308
	27,950	*	Charles River Laboratories International, Inc		8,101
	26,464	*	ChemoCentryx, Inc		1,356
	21,853	*	Chiasma, Inc		68
	30,594	*	Chimerix, Inc		295
	7,917	*	Chinook Therapeutics, Inc		123
	23,081	*,e	ChromaDex Corp		216
	28,650	*,e	Clovis Oncology, Inc		201
	23,538	*	Codexis, Inc		539
	27,864	*	Coherus Biosciences, Inc		407
	16,286	*	Collegium Pharmaceutical, Inc		386
	11,239	*	Concert Pharmaceuticals, Inc		56
	9,720	*	Constellation Pharmaceuticals, Inc		227
	32,828	*,e	Corbus Pharmaceuticals Holdings, Inc		65
	65,375	*	Corcept Therapeutics, Inc		1,555
	7,159	*,e	Cortexyme Inc		258
	16,128	*	Crinetics Pharmaceuticals, Inc		246
	11,975	*	Cue Biopharma, Inc		146
	7,345	*	Cullinan Oncology, Inc		306
	39,943	*	Cymabay Therapeutics, Inc		181
	30,153	*	Cytokinetics, Inc		701
	21,311	*	CytomX Therapeutics, Inc		165
	22,263	*	Deciphera Pharmaceuticals, Inc		998
	35,588	*	Denali Therapeutics, Inc		2,032
	5,728	*,e	DermTech, Inc		291
	30,105	*	Dicerna Pharmaceuticals, Inc		770
	117,742	*	Durect Corp		233
	35,256	*,e	Dynavax Technologies Corp		347
	6,368	*	Eagle Pharmaceuticals, Inc		266
	35,681	*	Editas Medicine, Inc		1,499
	14,062	*	Eiger BioPharmaceuticals, Inc		124
	242,355	*	Elanco Animal Health, Inc		7,137
	477,940		Eli Lilly & Co		89,289
	14,575	*,e	Eloxx Pharmaceuticals, Inc		48
	24,015	*	Emergent Biosolutions, Inc		2,231
	11,786	*	Enanta Pharmaceuticals, Inc		581
	161,263	*	Endo International plc		1,195
	56,660	*	Epizyme, Inc		494
	9,694	*,e	Esperion Thereapeutics, Inc		272
	13,985	*,e	Evofem Biosciences Inc		24
	85,635	*	Exact Sciences Corp		11,285
	189,826	*	Exelixis, Inc		4,288
	42,216	*	Fate Therapeutics, Inc		3,481
	50,667	*	FibroGen, Inc		1,759
	19,800	*	Five Prime Therapeutics, Inc		746
	19,463	*,e	Flexion Therapeutics, Inc		174
	20,851	*,e	Fluidigm Corp		94
	9,293	*	Forma Therapeutics Holdings, Inc		260
	16,778	*,e	Frequency Therapeutics, Inc		159

289

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	20,311	*	G1 Therapeutics, Inc	$	489
	7,088	*	Generation Bio Co		202
	114,325	*,e	Geron Corp		181
	708,472		Gilead Sciences, Inc		45,789
	36,433	*	Global Blood Therapeutics, Inc		1,485
	22,784	*	GlycoMimetics, Inc		69
	12,922	*	Gossamer Bio, Inc		120
	79,065	*	Halozyme Therapeutics, Inc		3,296
	52,161	*	Heron Therapeutics, Inc		846
	11,341	*	Homology Medicines, Inc		107
	109,952	*	Horizon Therapeutics Plc		10,120
	2,211	*,e	IGM Biosciences, Inc		170
	83,999	*	Illumina, Inc		32,261
	17,123	*,e	ImmunityBio, Inc		407
	65,469	*	Immunogen, Inc		530
	11,380	*	Immunovant, Inc		183
	110,207	*	Incyte Corp		8,957
	4,616	*	Inhibrx, Inc		93
	55,553	*	Innoviva, Inc		664
	85,599	*,e	Inovio Pharmaceuticals, Inc		794
	60,247	*	Insmed, Inc		2,052
	28,468	*	Intellia Therapeutics, Inc		2,285
	12,921	*	Intercept Pharmaceuticals, Inc		298
	25,348	*	Intra-Cellular Therapies, Inc		860
	68,678	*,e	Invitae Corp		2,624
	79,163	*	Ionis Pharmaceuticals, Inc		3,559
	74,052	*	Iovance Biotherapeutics, Inc		2,344
	107,122	*	IQVIA Holdings, Inc		20,690
	95,014	*	Ironwood Pharmaceuticals, Inc		1,062
	11,046	*	iTeos Therapeutics, Inc		378
	26,875	*	IVERIC bio, Inc		166
	32,370	*	Jazz Pharmaceuticals plc		5,321
	1,487,905		Johnson & Johnson		244,537
	4,482	*	Jounce Therapeutics, Inc		46
	47,099	*	Kadmon Holdings, Inc		183
	5,857	*,e	Kala Pharmaceuticals, Inc		39
	10,666	*	KalVista Pharmaceuticals Inc		274
	9,228	*	Karuna Therapeutics, Inc		1,109
	46,110	*,e	Karyopharm Therapeutics, Inc		485
	4,158	*	Keros Therapeutics, Inc		256
	15,620	*	Kindred Biosciences, Inc		78
	11,321	*	Kiniksa Pharmaceuticals Ltd		210
	7,565	*	Kinnate Biopharma, Inc		236
	15,063	*,e	Kodiak Sciences, Inc		1,708
	8,299	*	Kronos Bio, Inc		243
	5,660	*	Krystal Biotech Inc		436
	31,598	*	Kura Oncology, Inc		893
	5,728	*	Kymera Therapeutics, Inc		223
	12,410	*,e	La Jolla Pharmaceutical Co		53
	19,506	*,e	Lannett Co, Inc		103
	30,110	*	Lexicon Pharmaceuticals, Inc		177
	8,586	*	Ligand Pharmaceuticals, Inc (Class B)		1,309
	31,134		Luminex Corp		993
	23,459	*	MacroGenics, Inc		747

290

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	3,934	*,e	Madrigal Pharmaceuticals, Inc	$	460
	94,899	*,e	MannKind Corp		372
	37,822	*	Maravai LifeSciences Holdings, Inc		1,348
	6,168	*,e	Marinus Pharmaceuticals, Inc		95
	22,034	*,e	MediciNova, Inc		111
	17,824	*	Medpace Holdings, Inc		2,924
	61,495	*	MEI Pharma, Inc		211
	10,086	*	MeiraGTx Holdings plc		146
	1,425,469		Merck & Co, Inc		109,889
	27,294	*	Mersana Therapeutics, Inc		442
	13,612	*	Mettler-Toledo International, Inc		15,731
	18,922	*	Minerva Neurosciences, Inc		55
	21,876	*	Mirati Therapeutics, Inc		3,747
	160,850	*	Moderna, Inc		21,063
	33,966	*	Molecular Templates, Inc		429
	8,159	*	Morphic Holding, Inc		516
	46,607	*	Myriad Genetics, Inc		1,419
	22,499	*	NanoString Technologies, Inc		1,478
	39,201	*	Natera, Inc		3,980
	106,507	*	Nektar Therapeutics		2,130
	58,635	*	NeoGenomics, Inc		2,828
	17,673	*	Neoleukin Therapeutics, Inc		218
	57,167	*	Neurocrine Biosciences, Inc		5,560
	8,857	*	NextCure Inc		89
	15,360	*	NGM Biopharmaceuticals Inc		447
	9,374	*,e	Nkarta, Inc		308
	34,678	*	Novavax, Inc		6,287
	6,406	*,e	Nurix Therapeutics, Inc		199
	13,115	*	Ocular Therapeutix, Inc		215
	6,792	*	Olema Pharmaceuticals, Inc		225
	29,642	*,e	Omeros Corp		528
	238,337	*,e	Opko Health, Inc		1,022
	10,903	*,e	Optinose, Inc		40
	13,691	*	Organogenesis Holdings Inc		249
	5,193	*	ORIC Pharmaceuticals, Inc		127
	25,504	*,e	Ovid therapeutics, Inc		103
	100,456	*	Pacific Biosciences of California, Inc		3,346
	28,237	*	Pacira BioSciences Inc		1,979
	7,023	*,e	Pandion Therapeutics, Inc		422
	17,330	*	Paratek Pharmaceuticals, Inc		122
	8,093	*	Passage Bio, Inc		141
	66,642		PerkinElmer, Inc		8,550
	81,033		Perrigo Co plc		3,279
	11,655	*	Personalis, Inc		287
	3,137,783		Pfizer, Inc		113,682
	6,396	*	Phathom Pharmaceuticals, Inc		240
	12,927		Phibro Animal Health Corp		315
	24,527	*	Pieris Pharmaceuticals, Inc		63
	13,444	*,e	Pliant Therapeutics, Inc		529
	7,763	*	PMV Pharmaceuticals, Inc		255
	91,338	*	PPD, Inc		3,456
	34,913	*	PRA Health Sciences, Inc		5,353
	6,265	*	Praxis Precision Medicines, Inc		205
	39,456	*,e	Precigen, Inc		272

291

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	22,592	*	Precision BioSciences Inc	$	234
	5,217	*	Prelude Therapeutics, Inc		226
	38,233	*	Prestige Consumer Healthcare, Inc.		1,685
	51,583	*,†	Progenics Pharmaceuticals, Inc		0
	13,443	*	Protagonist Therapeutics, Inc		348
	27,579	*	Prothena Corp plc		693
	25,243	*,e	Provention Bio, Inc		265
	37,990	*	PTC Therapeutics, Inc		1,799
	20,506	*	Puma Biotechnology, Inc		199
	125,141	*	QIAGEN NV		6,093
	6,148	*,e	Quanterix Corp		359
	27,010	*	Radius Health, Inc		563
	6,533	*	RAPT Therapeutics, Inc		145
	12,412	*	Reata Pharmaceuticals, Inc		1,237
	8,471	*	Recro Pharma, Inc		24
	55,370	*	Regeneron Pharmaceuticals, Inc		26,198
	19,715	*	REGENXBIO, Inc		672
	18,557	*	Relay Therapeutics, Inc		642
	8,368	*,e	Relmada Therapeutics, Inc		295
	30,248	*	Repligen Corp		5,881
	10,254	*	Replimune Group, Inc		313
	33,815	*	Revance Therapeutics, Inc		945
	23,908	*	REVOLUTION Medicines, Inc		1,097
	6,147	*	Rhythm Pharmaceuticals, Inc		131
	86,450	*	Rigel Pharmaceuticals, Inc		296
	20,281	*	Rocket Pharmaceuticals, Inc		900
	180,548	e	Royalty Pharma plc		7,876
	22,395	*,e	Rubius Therapeutics, Inc		593
	32,762	*	Sage Therapeutics, Inc		2,452
	15,005	*	Sana Biotechnology, Inc		502
	52,234	*	Sangamo Therapeutics Inc		655
	44,554	*	Sarepta Therapeutics, Inc		3,321
	5,477	*	Satsuma Pharmaceuticals, Inc		32
	13,353	*,e	Scholar Rock Holding Corp		676
	72,859	*	Seagen, Inc		10,117
	8,105	*,e	Seer, Inc		405
	13,345	*	Seres Therapeutics, Inc		275
	7,447	*	Shattuck Labs, Inc		218
	35,191	*	SIGA Technologies, Inc		229
	7,098	*	Silverback Therapeutics, Inc		310
	6,168	*	Solid Biosciences, Inc		34
	127,563	*,e	Sorrento Therapeutics, Inc		1,055
	30,281	*	Sotera Health Co		756
	56,104	*	Spectrum Pharmaceuticals, Inc		183
	6,568	*	SpringWorks Therapeutics, Inc		483
	10,464	*	Stoke Therapeutics, Inc		406
	34,621	*	Supernus Pharmaceuticals, Inc		906
	15,843	*	Sutro Biopharma, Inc		361
	6,983	*	Syndax Pharmaceuticals, Inc		156
	39,474	*	Syneos Health, Inc		2,994
	9,466	*	Syros Pharmaceuticals, Inc		71
	9,709	*	TCR2 Therapeutics Inc		214
	57,481	*	TG Therapeutics, Inc		2,771
	114,084	*,e	TherapeuticsMD, Inc		153

292

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	29,259	*,e	Theravance Biopharma, Inc	$	597
	222,842		Thermo Fisher Scientific, Inc		101,701
	18,965	*	Translate Bio, Inc		313
	25,726	*	Travere Therapeutics, Inc		642
	7,799	*	Tricida, Inc		41
	17,419	*	Turning Point Therapeutics Inc		1,648
	26,284	*	Twist Bioscience Corp		3,256
	68,656	*,e	Tyme Technologies, Inc		122
	33,751	*	Ultragenyx Pharmaceutical, Inc		3,843
	28,234	*	United Therapeutics Corp		4,723
	16,428	*,e	UNITY Biotechnology, Inc		99
	12,098	*,e	UroGen Pharma Ltd		236
	31,395	*	Vanda Pharmaceuticals, Inc		472
	30,212	*,e	Vaxart Inc		183
	10,502	*,e	Vaxcyte, Inc		207
	102,172	*,e	VBI Vaccines, Inc		318
	29,749	*	Veracyte, Inc		1,599
	97,480	*,e	Verastem, Inc		241
	24,994	*	Vericel Corp		1,388
	146,431	*	Vertex Pharmaceuticals, Inc		31,467
	680,939	*	Viatris, Inc		9,513
	29,514	*,e	Viking Therapeutics, Inc		187
	27,553	*,e	Vir Biotechnology, Inc		1,413
	6,387	*	Vor BioPharma, Inc		275
	8,673	*	Voyager Therapeutics, Inc		41
	36,641	*	Waters Corp		10,412
	39,150	*	WaVe Life Sciences Ltd		220
	11,934	*	XBiotech, Inc		205
	27,098	*	Xencor, Inc		1,167
	13,141	*	Y-mAbs Therapeutics, Inc		397
	6,160	*	Zentalis Pharmaceuticals, Inc		267
	90,754	*,e	ZIOPHARM Oncology, Inc		327
	268,159		Zoetis, Inc		42,230
	33,098	*	Zogenix, Inc		646
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		1,634,547
REAL ESTATE - 3.2%
	36,029		Acadia Realty Trust		683
	31,682		Agree Realty Corp		2,133
	47,563		Alexander & Baldwin, Inc		799
	1,329		Alexander’s, Inc		369
	74,271		Alexandria Real Estate Equities, Inc		12,203
	8,343	*,e	Altisource Portfolio Solutions S.A.		77
	28,646		American Assets Trust, Inc		929
	84,782		American Campus Communities, Inc		3,660
	68,972		American Finance Trust, Inc		677
	140,940		American Homes 4 Rent		4,699
	247,933		American Tower Corp		59,271
	133,721		Americold Realty Trust		5,144
	79,626		Apartment Income REIT Corp		3,405
	79,626		Apartment Investment and Management Co		489
	113,878		Apple Hospitality REIT, Inc		1,659
	31,681		Armada Hoffler Properties, Inc		397
	80,469		AvalonBay Communities, Inc		14,847

293

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	16,903		Bluerock Residential Growth REIT, Inc	$	171
	86,787		Boston Properties, Inc		8,788
	121,360		Brandywine Realty Trust		1,567
	188,541		Brixmor Property Group, Inc		3,814
	20,157		Broadstone Net Lease, Inc		369
	43,270	e	Brookfield Property REIT, Inc		777
	56,479		Camden Property Trust		6,208
	50,740		CareTrust REIT, Inc		1,181
	29,192		CatchMark Timber Trust, Inc		297
	183,350	*	CBRE Group, Inc		14,505
	9,060		Centerspace		616
	28,285	*	Chatham Lodging Trust		372
	21,833		City Office REIT, Inc		232
	10,462		Clipper Realty, Inc		83
	350,580	*	Colony Capital, Inc		2,272
	35,353		Columbia Property Trust, Inc		605
	9,586		Community Healthcare Trust, Inc		442
	7,951	*	CorePoint Lodging, Inc		72
	24,055		Coresite Realty		2,883
	72,219		Corporate Office Properties Trust		1,902
	84,914		Cousins Properties, Inc		3,002
	234,899		Crown Castle International Corp		40,433
	3,998		CTO Realty Growth, Inc		208
	114,248		CubeSmart		4,322
	66,192	*	Cushman & Wakefield plc		1,080
	65,743		CyrusOne, Inc		4,452
	144,818	*	DiamondRock Hospitality Co		1,492
	156,128		Digital Realty Trust, Inc		21,989
	136,618		Diversified Healthcare Trust		653
	102,445		Douglas Emmett, Inc		3,217
	204,536		Duke Realty Corp		8,576
	45,779		Easterly Government Properties, Inc		949
	23,644		EastGroup Properties, Inc		3,388
	82,308		Empire State Realty Trust, Inc		916
	45,571		EPR Properties		2,123
	50,248		Equinix, Inc		34,148
	62,602		Equity Commonwealth		1,740
	96,734		Equity Lifestyle Properties, Inc		6,156
	209,454		Equity Residential		15,003
	50,764		Essential Properties Realty Trust, Inc		1,159
	39,045		Essex Property Trust, Inc		10,614
	28,436	*,e	eXp World Holdings Inc		1,295
	72,420		Extra Space Storage, Inc		9,599
	19,962	e	Farmland Partners, Inc		224
	43,819		Federal Realty Investment Trust		4,445
	67,202		First Industrial Realty Trust, Inc		3,077
	425	*	Forestar Group, Inc		10
	44,705		Four Corners Property Trust, Inc		1,225
	72,511		Franklin Street Properties Corp		395
	4,942	*	FRP Holdings, Inc		243
	113,795		Gaming and Leisure Properties, Inc		4,828
	42,598	e	Geo Group, Inc		331
	18,198		Getty Realty Corp		515
	17,811		Gladstone Commercial Corp		348

294

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	11,325		Gladstone Land Corp	$	207
	10,990		Global Medical REIT, Inc		144
	44,961		Global Net Lease, Inc		812
	82,789		Healthcare Realty Trust, Inc		2,510
	142,087		Healthcare Trust of America, Inc		3,919
	322,762		Healthpeak Properties Inc		10,244
	27,708	*	Hersha Hospitality Trust		292
	59,455		Highwoods Properties, Inc		2,553
	393,682	*	Host Hotels and Resorts, Inc		6,634
	22,285	*	Howard Hughes Corp		2,120
	96,055		Hudson Pacific Properties		2,606
	48,914		Independence Realty Trust, Inc		744
	34,891		Industrial Logistics Properties Trust		807
	12,344	e	Innovative Industrial Properties, Inc		2,224
	304,970		Invitation Homes, Inc		9,756
	151,368		Iron Mountain, Inc		5,602
	49,646	e	iStar Inc		883
	64,898		JBG SMITH Properties		2,063
	28,996	*	Jones Lang LaSalle, Inc		5,191
	84,885		Kennedy-Wilson Holdings, Inc		1,716
	60,054		Kilroy Realty Corp		3,941
	238,176		Kimco Realty Corp		4,466
	55,102		Kite Realty Group Trust		1,063
	51,720		Lamar Advertising Co		4,858
	144,484		Lexington Realty Trust		1,605
	38,718		Life Storage, Inc		3,328
	26,668		LTC Properties, Inc		1,113
	85,142		Macerich Co		996
	65,387		Mack-Cali Realty Corp		1,012
	11,498	*	Marcus & Millichap, Inc		388
	4,532	*	Maui Land & Pineapple Co, Inc		52
	294,106		Medical Properties Trust, Inc		6,259
	63,650		Mid-America Apartment Communities, Inc		9,189
	50,307		Monmouth Real Estate Investment Corp (Class A)		890
	19,871		National Health Investors, Inc		1,436
	104,817		National Retail Properties, Inc		4,619
	31,451		National Storage Affiliates Trust		1,256
	12,422		NETSTREIT Corp		230
	55,714		New Senior Investment Group, Inc		347
	22,112		Newmark Group, Inc		221
	12,730		NexPoint Residential Trust, Inc		587
	23,677		Office Properties Income Trust		652
	129,929		Omega Healthcare Investors, Inc		4,759
	9,166		One Liberty Properties, Inc		204
	76,197	*	Outfront Media, Inc		1,663
	73,752		Paramount Group, Inc		747
	132,332	*	Park Hotels & Resorts, Inc		2,856
	85,851		Pebblebrook Hotel Trust		2,085
	107,460		Physicians Realty Trust		1,899
	71,716		Piedmont Office Realty Trust, Inc		1,246
	13,733		Plymouth Industrial REIT, Inc		231
	34,013		PotlatchDeltic Corp		1,800
	21,687		Preferred Apartment Communities, Inc		214
	414,085		Prologis, Inc		43,893

295

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	8,955		PS Business Parks, Inc	$	1,384
	84,829		Public Storage, Inc		20,932
	34,553	e	QTS Realty Trust, Inc		2,144
	5,346	*	Rafael Holdings, Inc		213
	68,743		Rayonier, Inc		2,217
	13,117		Re/Max Holdings, Inc		517
	32,589	*	Realogy Holdings Corp		493
	204,582		Realty Income Corp		12,991
	57,095	*	Redfin Corp		3,802
	100,880		Regency Centers Corp		5,721
	78,162		Retail Opportunities Investment Corp		1,240
	173,060		Retail Properties of America, Inc		1,814
	11,764		Retail Value, Inc		220
	67,055		Rexford Industrial Realty, Inc		3,380
	92,471		RLJ Lodging Trust		1,431
	5,123		RMR Group, Inc		209
	57,913		RPT Realty		661
	24,668	*	Ryman Hospitality Properties		1,912
	116,469		Sabra Healthcare REIT, Inc		2,022
	7,521		Safehold, Inc		527
	6,451		Saul Centers, Inc		259
	62,457		SBA Communications Corp		17,335
	18,501	*,e	Seritage Growth Properties		340
	93,168		Service Properties Trust		1,105
	182,204		Simon Property Group, Inc		20,729
	103,764		SITE Centers Corp		1,407
	38,244		SL Green Realty Corp		2,677
	56,193		Spirit Realty Capital, Inc		2,388
	18,561		St. Joe Co		796
	84,224		STAG Industrial, Inc		2,831
	121,165		STORE Capital Corp		4,059
	4,495	*	Stratus Properties, Inc		137
	73,018	*	Summit Hotel Properties, Inc		742
	56,879		Sun Communities, Inc		8,534
	159,024	*	Sunstone Hotel Investors, Inc		1,981
	67,688	e	Tanger Factory Outlet Centers, Inc		1,024
	12,164	*	Tejon Ranch Co		204
	35,329		Terreno Realty Corp		2,041
	175,727		UDR, Inc		7,707
	20,169		UMH Properties, Inc		387
	119,952		Uniti Group, Inc		1,323
	9,264		Universal Health Realty Income Trust		628
	70,770		Urban Edge Properties		1,169
	20,808		Urstadt Biddle Properties, Inc (Class A)		346
	210,245		Ventas, Inc		11,214
	132,285		VEREIT, Inc		5,109
	283,851		VICI Properties, Inc		8,016
	109,042		Vornado Realty Trust		4,949
	30,441		Washington REIT		673
	67,227		Weingarten Realty Investors		1,809
	243,431		Welltower, Inc		17,437
	417,868		Weyerhaeuser Co		14,876
	25,132		Whitestone REIT		244
	95,264		WP Carey, Inc		6,741

296

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	79,064	*	Xenia Hotels & Resorts, Inc	$	1,542
			TOTAL REAL ESTATE		738,473
RETAILING - 6.6%
	18,290	*,e	1-800-FLOWERS.COM, Inc (Class A)		505
	18,402		Aaron’s Co, Inc		473
	36,579	*	Abercrombie & Fitch Co (Class A)		1,255
	16,815	*,e	Academy Sports & Outdoors, Inc		454
	35,386		Advance Auto Parts, Inc		6,493
	239,259	*	Amazon.com, Inc		740,286
	85,497		American Eagle Outfitters, Inc		2,500
	5,481	*	America’s Car-Mart, Inc		835
	12,332	*	Asbury Automotive Group, Inc		2,423
	17,984	*	At Home Group, Inc		516
	28,808	*	Autonation, Inc		2,685
	12,764	*	AutoZone, Inc		17,924
	76,045	*	Bed Bath & Beyond, Inc		2,217
	129,220		Best Buy Co, Inc		14,836
	20,052		Big Lots, Inc		1,370
	9,762	*	Boot Barn Holdings, Inc		608
	14,004		Buckle, Inc		550
	36,184	*	Burlington Stores, Inc		10,812
	28,267		Caleres, Inc		616
	22,123		Camping World Holdings, Inc		805
	91,612	*	CarMax, Inc		12,153
	19,398	*	CarParts.com, Inc		277
	32,716	*	Carvana Co		8,585
	12,003	*	Cato Corp (Class A)		144
	66,517	*	Chico’s FAS, Inc		220
	12,596	*	Children’s Place, Inc		878
	11,556	*	Citi Trends, Inc		968
	13,169	*,e	Conn’s, Inc		256
	11,400	*	Container Store Group, Inc		190
	33,096		Core-Mark Holding Co, Inc		1,280
	49,292	*	Designer Brands, Inc		858
	38,579		Dick’s Sporting Goods, Inc		2,938
	3,340	e	Dillard’s, Inc (Class A)		323
	136,608		Dollar General Corp		27,680
	130,420	*	Dollar Tree, Inc		14,928
	7,236	*,e	Duluth Holdings, Inc		123
	375,661		eBay, Inc		23,005
	67,352	*	Etsy, Inc		13,583
	78,395	*	Expedia Group, Inc		13,493
	30,809	*	Five Below, Inc		5,878
	48,609	*	Floor & Decor Holdings, Inc		4,641
	58,795		Foot Locker, Inc		3,307
	11,421		Franchise Group, Inc		412
	10,965	*,e	Funko, Inc		216
	32,234	*	GameStop Corp (Class A)		6,119
	99,905	*	Gap, Inc		2,975
	13,677	*	Genesco, Inc		650
	74,643		Genuine Parts Co		8,628
	5,913		Group 1 Automotive, Inc		933
	12,244	*	Groupon, Inc		619

297

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	20,639	*,e	GrowGeneration Corp	$	1,026
	53,119	*	GrubHub, Inc		3,187
	10,337		Guess?, Inc		243
	13,840		Haverty Furniture Cos, Inc		515
	16,994	*	Hibbett Sports, Inc		1,171
	606,133		Home Depot, Inc		185,022
	91,081		Kohl’s Corp		5,429
	132,963	*	L Brands, Inc		8,225
	9,431	*	Lands’ End, Inc		234
	26,380	*	Leslie’s, Inc		646
	19,090	*	Liquidity Services, Inc		355
	14,703		Lithia Motors, Inc (Class A)		5,735
	157,522	*	LKQ Corp		6,668
	413,900		Lowe’s Companies, Inc		78,716
	19,294	*	Lumber Liquidators, Inc		485
	172,372	*	Macy’s, Inc		2,791
	61,168	*	Magnite, Inc		2,545
	18,578	*	MarineMax, Inc		917
	11,632	*	Michaels Cos, Inc		255
	13,761		Monro Muffler, Inc		905
	11,913		Murphy USA, Inc		1,722
	47,869	*	National Vision Holdings, Inc		2,098
	70,237	*	Nordstrom, Inc		2,660
	29,720	*	ODP Corp		1,287
	28,621	*	Ollie’s Bargain Outlet Holdings, Inc		2,490
	5,690	*	OneWater Marine, Inc		227
	39,819	*	O’Reilly Automotive, Inc		20,198
	24,586	*	Overstock.com, Inc		1,629
	12,813		Penske Auto Group, Inc		1,028
	29,635	*,e	Petco Health & Wellness Co, Inc		657
	14,105	e	PetMed Express, Inc		496
	22,316		Pool Corp		7,704
	53,361	*	Quotient Technology, Inc		872
	201,751		Qurate Retail Group, Inc QVC Group		2,373
	31,889	*	RealReal, Inc		722
	30,873		Rent-A-Center, Inc		1,780
	8,975	*	RH		5,354
	195,609		Ross Stores, Inc		23,455
	66,571	*	Sally Beauty Holdings, Inc		1,340
	2,356		Shoe Carnival, Inc		146
	13,499		Shutterstock, Inc		1,202
	29,200	*	Signet Jewelers Ltd		1,693
	15,272	*	Sleep Number Corp		2,191
	20,728	e	Sonic Automotive, Inc (Class A)		1,027
	19,952	*	Sportsman’s Warehouse Holdings, Inc		344
	8,050	*	Stamps.com, Inc		1,606
	27,087	*	Stitch Fix Inc		1,342
	282,926		Target Corp		56,039
	6,790	*	Tilly’s, Inc		77
	667,657		TJX Companies, Inc		44,166
	65,015		Tractor Supply Co		11,513
	29,632	*	Ulta Beauty, Inc		9,161
	50,352	*	Urban Outfitters, Inc		1,873
	57,989	*	Vroom, Inc		2,261

298

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	38,206	*	Wayfair, Inc	$	12,025
	5,214		Weyco Group, Inc		113
	43,259		Williams-Sonoma, Inc		7,752
	1,945		Winmark Corp		363
	11,661	*	Zumiez, Inc		500
			TOTAL RETAILING		1,502,979
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 5.0%
	26,575		Advanced Energy Industries, Inc		2,901
	678,292	*	Advanced Micro Devices, Inc		53,246
	26,133	*	Allegro MicroSystems, Inc		663
	15,539	*	Alpha & Omega Semiconductor Ltd		508
	23,188	*	Ambarella, Inc		2,328
	31,089		Amkor Technology, Inc		737
	207,274		Analog Devices, Inc		32,144
	517,337		Applied Materials, Inc		69,116
	10,142	*,e	Atomera, Inc		249
	20,849	*	Axcelis Technologies, Inc		857
	26,991	*	AXT, Inc		315
	223,686		Broadcom, Inc		103,714
	39,365		Brooks Automation, Inc		3,214
	15,710	*	Ceva, Inc		882
	36,649	*	Cirrus Logic, Inc		3,108
	15,115		CMC Materials, Inc		2,672
	26,675	*	Cohu, Inc		1,116
	62,345	*	Cree, Inc		6,741
	4,191	*	CyberOptics Corp		109
	20,290	*	Diodes, Inc		1,620
	14,071	*	DSP Group, Inc		201
	60,252	*	Enphase Energy, Inc		9,770
	70,117		Entegris, Inc		7,839
	49,996	*	First Solar, Inc		4,365
	51,293	*	Formfactor, Inc		2,314
	8,421	*	Ichor Holdings Ltd		453
	13,074	*	Impinj, Inc		744
	26,506	*	Inphi Corp		4,729
	2,321,483		Intel Corp		148,575
	87,347		KLA Corp		28,859
	80,504		Lam Research Corp		47,919
	75,431	*	Lattice Semiconductor Corp		3,396
	29,103	*	MACOM Technology Solutions Holdings, Inc		1,689
	376,817		Marvell Technology Group Ltd		18,457
	5,322	*,e	Maxeon Solar Technologies Ltd		168
	145,434		Maxim Integrated Products, Inc		13,288
	43,500	*	MaxLinear, Inc		1,483
	138,489		Microchip Technology, Inc		21,496
	624,774	*	Micron Technology, Inc		55,111
	27,570		MKS Instruments, Inc		5,112
	25,309		Monolithic Power Systems, Inc		8,939
	18,536	*	Nanometrics, Inc		1,218
	21,168	*	NeoPhotonics Corp Ltd		253
	3,184		NVE Corp		223
	333,097		NVIDIA Corp		177,851
	229,199	*	ON Semiconductor Corp		9,537

299

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	20,605	*	PDF Solutions, Inc	$	366
	46,544	*	Photronics, Inc		599
	33,225		Power Integrations, Inc		2,707
	64,112	*	Qorvo, Inc		11,713
	636,481		QUALCOMM, Inc		84,391
	79,664	*	Rambus, Inc		1,549
	38,440	*	Semtech Corp		2,652
	24,113	*	Silicon Laboratories, Inc		3,402
	5,258	*	SiTime Corp		518
	95,527		Skyworks Solutions, Inc		17,527
	2,025	*	SMART Global Holdings, Inc		93
	27,050	*	SolarEdge Technologies, Inc		7,775
	42,585	*,e	SunPower Corp		1,424
	17,210	*	Synaptics, Inc		2,331
	92,360		Teradyne, Inc		11,238
	519,015		Texas Instruments, Inc		98,089
	23,500	*	Ultra Clean Holdings		1,364
	24,314		Universal Display Corp		5,757
	34,384	*	Veeco Instruments, Inc		713
	137,056		Xilinx, Inc		16,981
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		1,131,418
SOFTWARE & SERVICES - 13.9%
	36,774	*,e	2U, Inc		1,406
	65,506	*	8x8, Inc		2,125
	32,215	*	A10 Networks, Inc		310
	359,683		Accenture plc		99,362
	68,208	*	ACI Worldwide, Inc		2,595
	272,257	*	Adobe, Inc		129,423
	11,056	*	Agilysys, Inc		530
	92,148	*	Akamai Technologies, Inc		9,390
	26,945	*	Alarm.com Holdings, Inc		2,327
	24,151		Alliance Data Systems Corp		2,707
	16,908	*,e	Altair Engineering, Inc		1,058
	29,506	*	Alteryx, Inc		2,448
	67,407		Amdocs Ltd		4,729
	15,720		American Software, Inc (Class A)		325
	78,020	*	Anaplan, Inc		4,201
	48,349	*	Ansys, Inc		16,417
	9,509	*	Appfolio, Inc		1,345
	20,140	*,e	Appian Corp		2,678
	35,444	*	Aspen Technology, Inc		5,116
	74,256	*	Atlassian Corp plc		15,650
	123,153	*	Autodesk, Inc		34,132
	241,602		Automatic Data Processing, Inc		45,535
	46,044	*	Avalara, Inc		6,144
	25,111	*	Avaya Holdings Corp		704
	11,374	*	Benefitfocus, Inc		157
	24,476	*	BigCommerce Holdings, Inc		1,415
	41,807	*	Bill.Com Holdings, Inc		6,083
	82,754	*	Black Knight, Inc		6,123
	34,044	*	Blackbaud, Inc		2,420
	29,853	*	Blackline, Inc		3,236
	2,954	*	BM Technologies, Inc		34

300

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	29,562	*	Bottomline Technologies, Inc	$	1,338
	86,219	*	Box, Inc		1,980
	20,694	*	Brightcove, Inc		416
	63,918		Broadridge Financial Solutions, Inc		9,786
	8,760	*,e	C3.ai, Inc		577
	154,560	*	Cadence Design Systems, Inc		21,173
	20,152	*	Cardtronics plc		782
	10,596		Cass Information Systems, Inc		490
	76,663		CDK Global, Inc		4,144
	22,039	*	Cerence Inc		1,974
	63,532	*	Ceridian HCM Holding, Inc		5,354
	15,814	*	ChannelAdvisor Corp		372
	71,481		Citrix Systems, Inc		10,033
	114,390	*	Cloudera, Inc		1,392
	65,273	*	Cloudflare, Inc		4,586
	299,614		Cognizant Technology Solutions Corp (Class A)		23,406
	45,384	*	Cognyte Software Ltd		1,262
	28,135	*	Commvault Systems, Inc		1,815
	23,676	*	Concentrix Corp		3,545
	137,713	*	Conduent, Inc		917
	37,259	*	Cornerstone OnDemand, Inc		1,624
	39,352	*	Coupa Software, Inc		10,014
	87,974	*	Crowdstrike Holdings, Inc		16,056
	24,883		CSG Systems International, Inc		1,117
	83,532	*	Datadog, Inc		6,962
	13,627	*	Datto Holding Corp		312
	7,264	*,e	Digimarc Corp		215
	49,997	*	Digital Turbine, Inc		4,018
	103,217	*	DocuSign, Inc		20,896
	11,005	*	Domo, Inc		619
	137,416	*	Dropbox, Inc		3,663
	40,815	*	Duck Creek Technologies, Inc		1,842
	118,954	*	DXC Technology Co		3,718
	106,055	*	Dynatrace, Inc		5,116
	17,480	e	Ebix, Inc		560
	33,437	*	Elastic NV		3,718
	30,234	*	Envestnet, Inc		2,184
	29,695	*	EPAM Systems, Inc		11,780
	30,598	*	Euronet Worldwide, Inc		4,232
	21,053	*	Everbridge, Inc		2,551
	31,074		EVERTEC, Inc		1,157
	10,859	*	Evo Payments, Inc		299
	21,916	*	ExlService Holdings, Inc		1,976
	15,593	*	Fair Isaac Corp		7,579
	43,606	*,e	Fastly, Inc		2,934
	346,422		Fidelity National Information Services, Inc		48,710
	127,712	*	FireEye, Inc		2,499
	323,861	*	Fiserv, Inc		38,552
	37,675	*	Five9, Inc		5,890
	47,157	*	FleetCor Technologies, Inc		12,668
	75,872	*	Fortinet, Inc		13,992
	47,381	*	Gartner, Inc		8,649
	104,053		Genpact Ltd		4,456
	168,497		Global Payments, Inc		33,966

301

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	21,651	*	Globant S.A.	$	4,495
	93,198	*	GoDaddy, Inc		7,234
	37,008	*	GreenSky, Inc		229
	15,258	*	Grid Dynamics Holdings, Inc		243
	18,964	*,e	GTT Communications, Inc		35
	48,005	*	Guidewire Software, Inc		4,879
	17,956		Hackett Group, Inc		294
	24,272	*	HubSpot, Inc		11,025
	9,245	*	I3 Verticals, Inc		288
	24,668	*	Information Services Group, Inc		109
	4,355	*,e	Intelligent Systems Corp		178
	18,324		InterDigital, Inc		1,163
	499,780		International Business Machines Corp		66,601
	13,645	*	International Money Express Inc		205
	142,004		Intuit, Inc		54,396
	20,482	*	j2 Global, Inc		2,455
	44,253		Jack Henry & Associates, Inc		6,714
	11,579	*	Jamf Holding Corp		409
	7,631	*,e	JFrog Ltd		339
	50,961	*,e	Limelight Networks, Inc		182
	40,701	*	Liveperson, Inc		2,147
	44,500	*	LiveRamp Holdings, Inc		2,309
	35,689	*	Manhattan Associates, Inc		4,189
	499,583		Mastercard, Inc (Class A)		177,876
	36,930		MAXIMUS, Inc		3,288
	21,219		McAfee Corp		482
	41,794	*	Medallia, Inc		1,166
	4,225,428		Microsoft Corp		996,229
	4,156	*,e	MicroStrategy, Inc (Class A)		2,821
	33,586	*	Mimecast Ltd		1,350
	22,456	*	Mitek Systems, Inc		327
	14,483	*	Model N, Inc		510
	35,218	*	MoneyGram International, Inc		231
	29,161	*	MongoDB, Inc		7,798
	25,933	*	nCino, Inc		1,730
	30,028	*	New Relic, Inc		1,846
	46,584		NIC, Inc		1,581
	302,178		NortonLifelock, Inc		6,424
	160,685	*	Nuance Communications, Inc		7,012
	92,944	*	Nutanix, Inc		2,469
	65,920	*	Okta, Inc		14,531
	4,837	*	ON24, Inc		235
	21,489	*	OneSpan, Inc		526
	1,039,641		Oracle Corp		72,952
	41,005	*	Pagerduty, Inc		1,650
	52,826	*	Palo Alto Networks, Inc		17,013
	176,633		Paychex, Inc		17,314
	27,676	*	Paycom Software, Inc		10,242
	18,614	*	Paylocity Holding Corp		3,347
	665,427	*	PayPal Holdings, Inc		161,592
	19,229	*,e	Paysign Inc		84
	20,541		Pegasystems, Inc		2,349
	25,493	*	Perficient, Inc		1,497
	71,338		Perspecta, Inc		2,072

302

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	8,669	*	Ping Identity Holding Corp	$	190
	40,409	*	Pluralsight, Inc		903
	31,483		Progress Software Corp		1,387
	34,295	*	Proofpoint, Inc		4,314
	19,034	*	PROS Holdings, Inc		809
	57,208	*	PTC, Inc		7,875
	29,530	*	Q2 Holdings, Inc		2,959
	7,729		QAD, Inc (Class A)		515
	22,512	*	Qualys, Inc		2,359
	19,217	*	Rackspace Technology, Inc		457
	31,056	*	Rapid7, Inc		2,317
	46,827	*	RealPage, Inc		4,083
	21,786	*	Repay Holdings Corp		512
	44,988	*	RingCentral, Inc		13,401
	186,641	*	Sabre Corp		2,764
	52,403	*	SailPoint Technologies Holding, Inc		2,654
	496,039	*	salesforce.com, Inc		105,096
	15,268		Sapiens International Corp NV		485
	4,599	*,e	SecureWorks Corp		62
	110,059	*	ServiceNow, Inc		55,042
	4,906	*	ShotSpotter, Inc		172
	279,043	*	Slack Technologies, Inc		11,337
	66,115	*	Smartsheet, Inc		4,226
	16,667	*	SolarWinds Corp		291
	92,257	*	Splunk, Inc		12,499
	15,701	*	Sprout Social, Inc		907
	24,492	*	SPS Commerce, Inc		2,432
	208,614	*	Square, Inc		47,366
	121,462		SS&C Technologies Holdings, Inc		8,487
	107,187	*	StoneCo Ltd		6,562
	8,074	*,e	Sumo Logic, Inc		152
	70,963	*	SVMK, Inc		1,300
	52,841		Switch, Inc		859
	29,262	*	Sykes Enterprises, Inc		1,290
	85,444	*	Synopsys, Inc		21,171
	9,226	*	Telos Corp		350
	36,255	*	Tenable Holdings, Inc		1,312
	63,587	*	Teradata Corp		2,451
	23,414	*	Trade Desk, Inc		15,258
	10,054		TTEC Holdings, Inc		1,010
	6,516	*,e	Tucows, Inc		505
	80,070	*	Twilio, Inc		27,285
	21,226	*	Tyler Technologies, Inc		9,011
	38,674	*	Unisys Corp		983
	16,490	*,e	Unity Software, Inc		1,654
	4,914	*	Upland Software, Inc		232
	56,469	*	Varonis Systems, Inc		2,899
	45,384	*	Verint Systems, Inc		2,064
	56,553	*	VeriSign, Inc		11,240
	13,662	*,e	Veritone, Inc		328
	63,620	*	Verra Mobility Corp		861
	6,012	*	Viant Technology, Inc		318
	32,131	e	VirnetX Holding Corp		179
	952,706		Visa, Inc (Class A)		201,716

303

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	43,180	*	VMware, Inc (Class A)	$	6,496
	229,572		Western Union Co		5,661
	27,596	*	WEX, Inc		5,774
	98,598	*	Workday, Inc		24,495
	16,351	*	Workiva, Inc		1,443
	41,557		Xperi Holding Corp		905
	55,032	*	Yext, Inc		797
	65,282	*	Zendesk, Inc		8,658
	42,422	*	Zix Corp		320
	98,714	*	Zoom Video Communications, Inc		31,716
	40,123	*	Zscaler, Inc		6,888
	55,037	*	Zuora Inc		815
			TOTAL SOFTWARE & SERVICES		3,179,512
TECHNOLOGY HARDWARE & EQUIPMENT - 6.7%
	74,639	*	3D Systems Corp		2,048
	35,649		Adtran, Inc		595
	18,515	*,e	Akoustis Technologies, Inc		247
	326,268		Amphenol Corp (Class A)		21,524
	8,938,768		Apple, Inc		1,091,871
	13,189	*,e	Applied Optoelectronics, Inc		110
	31,561	*	Arista Networks, Inc		9,528
	47,303	*	Arlo Technologies, Inc		297
	40,463	*	Arrow Electronics, Inc		4,484
	24,161	*	Avid Technology, Inc		510
	63,498		Avnet, Inc		2,636
	19,362		Badger Meter, Inc		1,802
	7,316		Bel Fuse, Inc (Class B)		146
	30,293		Belden CDT, Inc		1,344
	35,867		Benchmark Electronics, Inc		1,109
	26,799	*	CalAmp Corp		291
	28,887	*	Calix, Inc		1,001
	9,824	*	Casa Systems, Inc		94
	79,859		CDW Corp		13,237
	88,003	*	Ciena Corp		4,816
	2,398,866		Cisco Systems, Inc		124,045
	8,964	*	Clearfield, Inc		270
	90,430		Cognex Corp		7,505
	14,446	*	Coherent, Inc		3,653
	115,638	*	CommScope Holding Co, Inc		1,776
	16,237		Comtech Telecommunications Corp		403
	415,791		Corning, Inc		18,091
	8,680	*,e	Corsair Gaming, Inc		289
	23,637		CTS Corp		734
	27,847	*	Daktronics, Inc		175
	141,606	*	Dell Technologies, Inc		12,483
	53,560	*	Diebold, Inc		757
	18,652	*	Digi International, Inc		354
	30,575		Dolby Laboratories, Inc (Class A)		3,018
	33,587	*	EchoStar Corp (Class A)		806
	9,278	*	ePlus, Inc		924
	79,396	*	Extreme Networks, Inc		695
	34,732	*	F5 Networks, Inc		7,246
	26,560	*	Fabrinet		2,401

304

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	12,851	*	FARO Technologies, Inc	$	1,113
	84,050		FLIR Systems, Inc		4,746
	58,321	*,e	Harmonic, Inc		457
	707,951		Hewlett Packard Enterprise Co		11,143
	727,386		HP, Inc		23,094
	53,614	*	II-VI, Inc		3,666
	21,661	*	Immersion Corp		208
	103,799	*,e	Infinera Corp		1,000
	40,550	*,e	Inseego Corp		405
	16,992	*	Insight Enterprises, Inc		1,621
	19,271	*	IPG Photonics Corp		4,065
	18,293	*	Iteris, Inc		113
	24,355	*	Itron, Inc		2,159
	71,872		Jabil Inc		3,749
	201,956		Juniper Networks, Inc		5,116
	103,680	*	Keysight Technologies, Inc		14,868
	21,162	*	Kimball Electronics, Inc		546
	64,648	*	Knowles Corp		1,352
	10,929	*	KVH Industries, Inc		139
	14,095		Littelfuse, Inc		3,727
	44,541	*	Lumentum Holdings, Inc		4,069
	25,950		Methode Electronics, Inc		1,089
	94,689		Motorola Solutions, Inc		17,806
	12,096	*	MTS Systems Corp		704
	7,937	*	Napco Security Technologies, Inc		276
	76,957		National Instruments Corp		3,323
	68,992	*	NCR Corp		2,618
	124,222		NetApp, Inc		9,027
	23,887	*	Netgear, Inc		982
	43,446	*	Netscout Systems, Inc		1,223
	20,535	*	nLight, Inc		665
	18,332	*	Novanta, Inc		2,418
	12,827	*,e	OSI Systems, Inc		1,233
	7,480	*,e	PAR Technology Corp		489
	8,216		PC Connection, Inc		381
	24,496	*	Plantronics, Inc		953
	17,083	*	Plexus Corp		1,569
	148,433	*	Pure Storage, Inc		3,197
	37,508	*	Ribbon Communications, Inc		308
	12,852	*	Rogers Corp		2,419
	36,299	*	Sanmina Corp		1,502
	17,777	*	Scansource, Inc		532
	26,460	*	Super Micro Computer, Inc		1,034
	23,381		Synnex Corp		2,685
	141,748	*	Trimble Inc		11,027
	19,199	*	TTM Technologies, Inc		278
	4,802		Ubiquiti, Inc		1,432
	38,380	*,e	Viasat, Inc		1,845
	136,006	*	Viavi Solutions, Inc		2,135
	97,366		Vishay Intertechnology, Inc		2,345
	9,508	*	Vishay Precision Group, Inc		293
	67,348	*	Vontier Corp		2,039
	174,116		Western Digital Corp		11,622
	105,309		Xerox Holdings Corp		2,556

305

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	29,192	*	Zebra Technologies Corp (Class A)	$	14,163
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		1,536,839
TELECOMMUNICATION SERVICES - 1.4%
	7,472	*	Anterix, Inc		352
	4,005,922		AT&T, Inc		121,259
	7,918		ATN International, Inc		389
	10,381	*	Bandwidth Inc		1,316
	27,406	*	Boingo Wireless, Inc		386
	33,512	*	Cincinnati Bell, Inc		514
	25,280		Cogent Communications Group, Inc		1,738
	48,355	*	Consolidated Communications Holdings, Inc		348
	42,541	*,e	Gogo, Inc		411
	11,096	*	IDT Corp (Class B)		251
	60,764	*	Iridium Communications, Inc		2,507
	29,453	*	Liberty Latin America Ltd (Class A)		378
	103,346	*	Liberty Latin America Ltd (Class C)		1,341
	627,826		Lumen Technologies, Inc		8,381
	13,047	*	Ooma, Inc		207
	44,329	*	ORBCOMM, Inc		338
	33,638		Shenandoah Telecom Co		1,642
	14,641		Spok Holdings, Inc		154
	37,739		Telephone & Data Systems, Inc		866
	308,664	*	T-Mobile US, Inc		38,673
	9,529	*	US Cellular Corp		348
	2,337,602		Verizon Communications, Inc		135,932
	143,849	*	Vonage Holdings Corp		1,700
			TOTAL TELECOMMUNICATION SERVICES		319,431
TRANSPORTATION - 2.1%
	37,928	*	Air Transport Services Group, Inc		1,110
	69,726	*	Alaska Air Group, Inc		4,826
	5,038	*	Allegiant Travel Co		1,230
	3,965		Amerco, Inc		2,429
	347,869	*	American Airlines Group, Inc		8,314
	19,331		ArcBest Corp		1,360
	16,948	*	Atlas Air Worldwide Holdings, Inc		1,024
	19,991	*	Avis Budget Group, Inc		1,450
	74,862		CH Robinson Worldwide, Inc		7,144
	14,813	*	Copa Holdings S.A. (Class A)		1,197
	23,634		Costamare, Inc		227
	8,672	*	Covenant Transportation Group, Inc		179
	428,947		CSX Corp		41,359
	14,173	*,e	Daseke, Inc		120
	364,563	*	Delta Air Lines, Inc		17,601
	4,116	*,e	Eagle Bulk Shipping, Inc		149
	21,041	*	Echo Global Logistics, Inc		661
	4,092	e	Eneti, Inc		86
	91,689		Expeditors International of Washington, Inc		9,874
	136,335		FedEx Corp		38,725
	20,963		Forward Air Corp		1,862
	6,118		Genco Shipping & Trading Ltd		62
	36,387	*	Hawaiian Holdings, Inc		970
	6,848		Heartland Express, Inc		134

306

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	21,791	*	Hub Group, Inc (Class A)	$	1,466
	46,395		JB Hunt Transport Services, Inc		7,798
	146,479	*	JetBlue Airways Corp		2,979
	51,160		Kansas City Southern		13,502
	37,438	*	Kirby Corp		2,257
	71,730		Knight-Swift Transportation Holdings, Inc		3,449
	20,412		Landstar System, Inc		3,369
	142,708	*	Lyft, Inc (Class A)		9,016
	43,936		Macquarie Infrastructure Co LLC		1,398
	34,852		Marten Transport Ltd		591
	32,238		Matson, Inc		2,150
	19,117	*	Mesa Air Group, Inc		257
	143,351		Norfolk Southern Corp		38,493
	54,259		Old Dominion Freight Line		13,044
	29,335	*	Radiant Logistics, Inc		204
	30,762		Ryder System, Inc		2,327
	33,371	*	Safe Bulkers, Inc		82
	13,620	*	Saia, Inc		3,140
	22,723		Schneider National, Inc		567
	11,768	*	SEACOR Holdings, Inc		480
	28,022	*	Skywest, Inc		1,527
	324,783	*	Southwest Airlines Co		19,831
	50,261	*,e	Spirit Airlines, Inc		1,855
	784,920	*	Uber Technologies, Inc		42,786
	378,119		Union Pacific Corp		83,341
	173,644	*	United Airlines Holdings Inc		9,991
	403,851		United Parcel Service, Inc (Class B)		68,651
	6,297		Universal Logistics Holdings Inc		166
	14,010	*	US Xpress Enterprises, Inc		165
	36,247		Werner Enterprises, Inc		1,710
	52,058	*	XPO Logistics, Inc		6,419
			TOTAL TRANSPORTATION		485,104
UTILITIES - 2.5%
	387,805		AES Corp		10,397
	19,359		Allete, Inc		1,301
	137,659		Alliant Energy Corp		7,456
	143,050		Ameren Corp		11,639
	279,981		American Electric Power Co, Inc		23,714
	25,230		American States Water Co		1,908
	100,793		American Water Works Co, Inc		15,111
	4,909		Artesian Resources Corp		193
	92,825	*,e	Atlantic Power Corp		268
	69,836		Atmos Energy Corp		6,903
	27,653		Avangrid, Inc		1,377
	33,562		Avista Corp		1,603
	26,080		Black Hills Corp		1,741
	8,930	e	Brookfield Infrastructure Corp		682
	72,027		Brookfield Renewable Corp		3,371
	15,011	*,e	Cadiz, Inc		144
	35,650		California Water Service Group		2,009
	288,758		Centerpoint Energy, Inc		6,540
	11,318		Chesapeake Utilities Corp		1,314
	24,011		Clearway Energy, Inc (Class A)		637

307

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	47,061		Clearway Energy, Inc (Class C)	$	1,324
	161,672		CMS Energy Corp		9,898
	190,867		Consolidated Edison, Inc		14,277
	10,961		Consolidated Water Co, Inc		147
	459,743		Dominion Energy, Inc		34,922
	105,937		DTE Energy Co		14,104
	411,161		Duke Energy Corp		39,689
	204,477		Edison International		11,982
	111,222		Entergy Corp		11,063
	120,688		Essential Utilities Inc		5,401
	127,478		Evergy, Inc		7,589
	195,508		Eversource Energy		16,929
	548,641		Exelon Corp		23,998
	301,466		FirstEnergy Corp		10,458
	6,410		Global Water Resources, Inc		105
	66,960		Hawaiian Electric Industries, Inc		2,975
	24,079		Idacorp, Inc		2,407
	119,020		MDU Resources Group, Inc		3,762
	16,881		MGE Energy, Inc		1,205
	11,759		Middlesex Water Co		929
	44,613		National Fuel Gas Co		2,230
	41,672		New Jersey Resources Corp		1,662
	1,104,362		NextEra Energy, Inc		83,501
	211,543		NiSource, Inc		5,100
	14,483		Northwest Natural Holding Co		781
	27,636		NorthWestern Corp		1,802
	135,219		NRG Energy, Inc		5,102
	98,705		OGE Energy Corp		3,194
	29,641		ONE Gas, Inc		2,280
	20,715		Ormat Technologies, Inc		1,627
	27,545		Otter Tail Corp		1,272
	714,678	*	PG&E Corp		8,369
	62,725		Pinnacle West Capital Corp		5,103
	40,790		PNM Resources, Inc		2,001
	50,460		Portland General Electric Co		2,395
	434,828		PPL Corp		12,540
	278,792		Public Service Enterprise Group, Inc		16,786
	11,616	*	Pure Cycle Corp		156
	4,887		RGC Resources, Inc		108
	166,316		Sempra Energy		22,050
	12,005		SJW Corp		756
	58,642		South Jersey Industries, Inc		1,324
	598,674		Southern Co		37,214
	26,282		Southwest Gas Holdings Inc		1,806
	7,544	e	Spark Energy, Inc		81
	26,256		Spire, Inc		1,940
	17,984	*	Sunnova Energy International, Inc		734
	132,205		UGI Corp		5,422
	10,272		Unitil Corp		469
	268,521		Vistra Energy Corp		4,747
	176,287		WEC Energy Group, Inc		16,499
	291,000		Xcel Energy, Inc		19,354
	9,006		York Water Co		441
			TOTAL UTILITIES		580,318
			TOTAL COMMON STOCKS		22,762,952
			(Cost $7,651,293)

308

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
RIGHTS / WARRANTS - 0.0%
MEDIA & ENTERTAINMENT - 0.0%
	80,085	†	Media General, Inc	$	0
			TOTAL MEDIA & ENTERTAINMENT		0
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.0%
	7,917	†	Chinook Therapeutics, Inc		0
	29,050	†	Elanco Animal Health, Inc CVR		2
	4,045	†	Omthera Pharmaceuticals, Inc		2
	6,981	†	Tobira Therapeutics, Inc		0	^
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		4
			TOTAL RIGHTS / WARRANTS		4
			(Cost $1)

PRINCIPAL			ISSUER	RATE		MATURITY DATE
SHORT-TERM INVESTMENTS - 0.5%
GOVERNMENT AGENCY DEBT - 0.3%
$	3,434,000		Federal Agricultural Mortgage Corp (FAMC)	0.010	%	04/01/21		3,434
	25,375,000		Federal Home Loan Bank (FHLB)	0.039		04/14/21		25,375
	12,500,000		FHLB	0.040		04/22/21		12,500
	4,610,000		FHLB	0.030		04/23/21		4,610
	4,781,000		FHLB	0.014		05/12/21		4,781
	16,000,000		FHLB	0.058		08/18/21		15,998
			TOTAL GOVERNMENT AGENCY DEBT					66,698
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.2%
	51,332,249	c	State Street Navigator Securities Lending Government Money Market Portfolio	0.030				51,332
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES					51,332
			TOTAL SHORT-TERM INVESTMENTS					118,030
			(Cost $118,028)
			TOTAL INVESTMENTS - 100.2%					22,880,986
			(Cost $7,769,322)
			OTHER ASSETS & LIABILITIES, NET - (0.2)%					(38,935	)
			NET ASSETS - 100.0%				$	22,842,051

	Abbreviation(s):
REIT	Real Estate Investment Trust
CVR	Contingent Value Right

309

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

*	Non-income producing
^	Amount represents less than $1,000.
†	Security is categorized as Level 3 in the fair value hierarchy.
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 $98,817,023.
g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At 3/31/21, the aggregate value of these securities is $1,722,830 or 0.0% of net assets.
	Cost amounts are in thousands.

Futures contracts outstanding as of March 31, 2021 were as follows (notional amounts and values are in thousands):
Description	Number of long (short) contracts	Expiration date	Notional amount		Value		Unrealized appreciation (depreciation)
Russell 2000 E Mini Index	24	06/18/21	$	2,739	$	2,667	$	(72	)
S&P 500 E Mini Index	264	06/18/21		51,324		52,370		1,046
Total	288		$	54,063	$	55,037	$	974

310

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

COLLEGE RETIREMENT EQUITIES FUND

BOND MARKET ACCOUNT

SCHEDULE OF INVESTMENTS (unaudited)

March 31, 2021

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE (000)
BANK LOAN OBLIGATIONS - 0.7%
AUTOMOBILES & COMPONENTS - 0.0%
$	984,962	i	Adient US LLC	LIBOR 1 and 3 M + 4.250%		4.443	%	05/06/24	$	983
	969,643	i	Clarios Global LP	LIBOR 1 M + 3.250%		3.359		04/30/26		959
	2,023,698	i	Gates Global LLC	LIBOR 1 M + 2.750%		3.500		03/31/27		2,017
			TOTAL AUTOMOBILES & COMPONENTS							3,959
CAPITAL GOODS - 0.1%
	174,057	i	Avolon TLB Borrower US LLC	LIBOR 1 M + 1.750%		2.500		01/15/25		173
	222,750	i	Avolon TLB Borrower US LLC	LIBOR 1 M + 1.500%		2.250		02/12/27		220
	815,467	i	Beacon Roofing Supply, Inc	LIBOR 1 M + 2.250%		2.365		01/02/25		810
	994,898	i	Cornerstone Building Brands, Inc	LIBOR 1 M + 3.750%		3.856		04/12/25		993
	992,500	i	Gardner Denver, Inc	LIBOR 1 M + 2.750%		2.850		03/01/27		990
	480,038	i	Prometric Holdings Inc	LIBOR 1 M + 3.000%		4.000		01/29/25		471
	1,361,658	i	TransDigm, Inc	LIBOR 1 M + 2.250%		2.359		08/22/24		1,335
	1,477,490	i	TransDigm, Inc	LIBOR 1 M + 2.250%		2.359		05/30/25		1,446
			TOTAL CAPITAL GOODS							6,438
COMMERCIAL & PROFESSIONAL SERVICES - 0.1%
	1,615,252	i	GFL Environmental, Inc	LIBOR 1 M + 3.000%		3.500		05/30/25		1,615
	675,000	i	PAE Holding Corp	LIBOR 3 M + 4.500%		5.250		10/14/27		675
	1,800,578	i	Prime Security Services Borrower LLC	LIBOR 1 and 3 M + 2.750%		3.500		09/23/26		1,792
	770,000	i	Spin Holdco, Inc	LIBOR 3 M + 4.000%		4.750		03/01/28		763
	1,247,972	i	Syneos Health Inc	LIBOR 1 M + 1.750%		1.859		08/01/24		1,239
	1,801,923	i	Trans Union LLC	LIBOR 1 M + 1.750%		1.859		11/16/26		1,788
	1,023,750	i	United Rentals North America, Inc	LIBOR 1 M + 1.750%		1.859		10/31/25		1,026
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES							8,898
CONSUMER DURABLES & APPAREL - 0.0%
	393,178	i	Samsonite IP Holdings Sarl	LIBOR 1 M + 1.750%		1.859		04/25/25		387
			TOTAL CONSUMER DURABLES & APPAREL							387
CONSUMER SERVICES - 0.0%
	441,420	i	1011778 BC ULC	LIBOR 1 M + 1.750%		1.859		11/19/26		433
	319,932	i	Boyd Gaming Corp	LIBOR 1 W + 2.250%		2.331		09/15/23		319
	500,000	i	IRB Holding Corp	LIBOR 3 M + 3.250%		4.250		12/15/27		498
	1,316,727	i	KFC Holding Co	LIBOR 1 M + 1.750%		1.856		03/09/28		1,315
	1,969,543	i	Scientific Games International, Inc	LIBOR 1 M + 2.750%		2.859		08/14/24		1,930
	1,571,063	i	Sophia LP	LIBOR 3 M + 3.750%		4.500		10/07/27		1,569
			TOTAL CONSUMER SERVICES							6,064
DIVERSIFIED FINANCIALS - 0.0%
	874,633	i	Lions Gate Capital Holdings LLC	LIBOR 1 M + 2.250%		2.359		03/24/25		860
	1,770,563	i	Reynolds Group Holdings, Inc	LIBOR 1 M + 3.250%		3.359		02/05/26		1,749
			TOTAL DIVERSIFIED FINANCIALS							2,609

311

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE (000)
ENERGY - 0.0%
$	1,980,038	i	Buckeye Partners LP	LIBOR 1 M + 2.250%		2.359	%	11/01/26	$	1,970
	560,625	i	ChampionX Holding, Inc	LIBOR 3 M + 5.000%		6.000		06/03/27		570
	1,969,676	i	Delek US Holdings, Inc	LIBOR 1 M + 2.250%		2.359		03/31/25		1,910
			TOTAL ENERGY							4,450
FOOD, BEVERAGE & TOBACCO - 0.0%
	597,000	i	Chobani LLC	LIBOR 1 M + 3.500%		4.500		10/20/27		596
	888,722	i	Hostess Brands LLC	LIBOR 1 and 3 M + 2.250%		3.000		08/01/25		883
	997,500	i	Shearer’s Foods LLC	LIBOR 3 M + 4.000%		4.750		09/23/27		995
			TOTAL FOOD, BEVERAGE & TOBACCO							2,474
HEALTH CARE EQUIPMENT & SERVICES - 0.1%
	1,342,316	i	Change Healthcare Holdings LLC	LIBOR 1 and 3 M + 2.500%		3.500		03/01/24		1,340
	2,208,872	i	Da Vinci Purchaser Corp	LIBOR 3 M + 4.000%		5.000		01/08/27		2,208
	985,031	i	DaVita, Inc	LIBOR 1 M + 1.750%		1.859		08/12/26		979
	2,444,063	i	Grifols Worldwide Operations USA, Inc	LIBOR 1 W + 2.000%		2.081		11/15/27		2,415
	2,012,842	i	RegionalCare Hospital Partners Holdings, Inc	LIBOR 1 M + 3.750%		3.850		11/16/25		2,007
	2,920,100	i	Select Medical Corp	LIBOR 1 M + 2.250%		2.360		03/06/25		2,900
	1,413,190	i	Team Health Holdings, Inc	LIBOR 1 M + 2.750%		3.750		02/06/24		1,311
			TOTAL HEALTH CARE EQUIPMENT & SERVICES							13,160
HOUSEHOLD & PERSONAL PRODUCTS - 0.0%
	723,188	i	Weber-Stephen Products LLC	LIBOR 1 M + 3.250%		4.000		10/29/27		722
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS							722
INSURANCE - 0.0%
	149,019	i	Alliant Holdings Intermediate LLC	LIBOR 1 M + 3.750%		4.250		11/05/27		149
	1,980,000	i	NFP Corp	LIBOR 1 M + 3.250%		3.359		02/15/27		1,948
	2,468,031	i	USI, Inc	LIBOR 3 M + 3.000%		3.203		05/16/24		2,439
			TOTAL INSURANCE							4,536
MATERIALS - 0.1%
	1,710,128	i	Chemours Co	LIBOR 1 M + 1.750%		1.860		04/03/25		1,658
	483,750	i	Ineos US Finance LLC	LIBOR 1 M + 2.000%		2.109		03/31/24		478
	1,848,487	i	Messer Industries USA, Inc	LIBOR 3 M + 2.500%		2.703		03/01/26		1,832
	1,368,835	i	PolyOne Corp	LIBOR 1 M + 1.750%		1.859		01/30/26		1,368
	304,076	i	Reynolds Consumer Products LLC	LIBOR 1 M + 1.750%		1.859		02/04/27		302
	429,594	i	Starfruit US Holdco LLC	LIBOR 1 M + 2.750%		2.860		10/01/25		423
	1,189,975	h,i	Tamko Building Products, Inc	LIBOR 1 M + 3.000%		3.115		05/29/26		1,183
			TOTAL MATERIALS							7,244
MEDIA & ENTERTAINMENT - 0.1%
	1,670,813	i	Alliance Laundry Systems LLC	LIBOR 3 M + 3.500%		4.250		10/08/27		1,667
	349,125	i	Arterra Wines Canada, Inc	LIBOR 3 M + 3.500%		4.250		11/19/27		349
	1,741,250	i	Asplundh Tree Expert LLC	LIBOR 1 M + 1.750%		1.859		09/02/27		1,736
	423,938	i	Cablevision Lightpath LLC	LIBOR 1 M + 3.250%		3.750		11/30/27		423
	1,970,000	i	Charter Communications Operating LLC	LIBOR 1 M + 1.750%		1.860		02/01/27		1,959
	975,000	i	CNT Holdings I Corp	LIBOR 3 M + 3.750%		4.500		11/08/27		972
	715,956	i	CSC Holdings LLC	LIBOR 1 M + 2.500%		2.606		04/15/27		706
	985,000	i	Diamond Sports Group LLC	LIBOR 1 M + 3.250%		3.360		08/24/26		672

312

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE (000)
$	378,728	i	Nielsen Finance LLC	LIBOR 1 M + 2.000%		2.103	%	10/04/23	$	378
	1,858,523	i	Nielsen Finance LLC	LIBOR 1 M + 3.750%		4.750		06/06/25		1,862
	493,750	i	Pregis TopCo Corp	LIBOR 1 M + 3.750%		3.859		07/31/26		489
	189,000	h,i	Pregis TopCo LLC	LIBOR 1 M + 4.250%		5.000		07/31/26		189
	189,000	i	Pregis TopCo LLC	LIBOR 1 M + 4.250%		5.000		07/31/26		189
	500,000	i	Rackspace Technology Global, Inc	LIBOR 3 M + 2.750%		3.500		02/03/28		495
	1,546,125	i	Radiate Holdco LLC	LIBOR 1 M + 3.500%		4.250		09/25/26		1,545
	800,000	i	SkyMiles IP Ltd	LIBOR 3 M + 3.750%		4.750		10/20/27		839
	1,708,219	i	Vertical US Newco, Inc	LIBOR 6 M + 4.250%		4.567		07/30/27		1,711
	2,250,000	i	Virgin Media Bristol LLC	LIBOR 1 M + 2.500%		2.606		01/31/28		2,228
			TOTAL MEDIA & ENTERTAINMENT							18,409
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.1%
	947,625	i	Avantor, Inc	LIBOR 1 M + 2.250%		3.250		10/29/27		947
	1,736,583	i	Bausch Health Americas, Inc	LIBOR 1 M + 3.000%		3.109		06/02/25		1,730
	1,714,286	i	Bausch Health Americas, Inc	LIBOR 1 M + 2.750%		2.859		11/27/25		1,704
	2,481,061	i	Catalent Pharma Solutions, Inc	LIBOR 1 M + 2.000%		2.500		02/22/28		2,480
	1,574,877	i	Endo International PLC	LIBOR 3 M + 4.250%		5.000		04/29/24		1,557
	903,114	h,i	Endo Luxembourg Finance Co I Sarl	LIBOR 1 M + 5.000%		5.750		03/10/28		893
	552,053	i	PPD, Inc	LIBOR 1 M + 2.250%		2.750		01/13/28		549
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES							9,860
REAL ESTATE - 0.0%
	1,372,131	i	Cushman & Wakefield plc	LIBOR 1 M + 2.750%		2.865		08/21/25		1,343
			TOTAL REAL ESTATE							1,343
RETAILING - 0.0%
	675,000	i	LS GROUP OPCO ACQUISITIO	LIBOR 3 M + 3.500%		4.250		11/02/27		674
			TOTAL RETAILING							674
SOFTWARE & SERVICES - 0.1%
	320,938	i	Camelot Finance S.A.	LIBOR 1 M + 3.000%		3.109		10/30/26		318
	997,500	i	Camelot US Acquisition	LIBOR 1 M + 3.000%		4.000		10/31/26		997
	671,556	i	Hyland Software, Inc	LIBOR 1 M + 3.500%		4.250		07/01/24		671
	1,969,543	i	Open Text Corp	LIBOR 1 M + 1.750%		1.859		05/30/25		1,969
	987,406	i	Rocket Software, Inc	LIBOR 1 M + 4.250%		4.359		11/28/25		984
	95,785	i	Sabre GLBL, Inc	LIBOR 1 M + 2.000%		2.109		02/22/24		94
	1,616,885	i	UKG, Inc	LIBOR 3 M + 3.250%		4.000		05/04/26		1,617
			TOTAL SOFTWARE & SERVICES							6,650
TECHNOLOGY HARDWARE & EQUIPMENT - 0.0%
	1,620,150	i	Dell International LLC	LIBOR 1 M + 1.750%		2.000		09/19/25		1,618
	1,169,042	i	Plantronics, Inc	LIBOR 1 M + 2.500%		2.615		07/02/25		1,152
	755,472	i	TTM Technologies, Inc	LIBOR 1 M + 2.500%		2.615		09/28/24		752
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT							3,522
TELECOMMUNICATION SERVICES - 0.0%
	623,553	i	Zayo Group Holdings, Inc	LIBOR 1 M + 3.000%		3.115		03/09/27		618
			TOTAL TELECOMMUNICATION SERVICES							618
TRANSPORTATION - 0.0%
	636,244	i	American Airlines, Inc	LIBOR 1 M + 2.000%		2.106		12/14/23		607
			TOTAL TRANSPORTATION							607

313

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE (000)
UTILITIES - 0.0%
$	771,115	i	Alera Group Intermediate Holdings, Inc	LIBOR 1 M + 4.000%		4.500	%	08/01/25	$	770
	987,018	i	Gopher Resource LLC	LIBOR 1 M + 3.250%		4.250		03/06/25		881
			TOTAL UTILITIES							1,651
			TOTAL BANK LOAN OBLIGATIONS							104,275
			(Cost $104,950)
BONDS - 95.7%
CORPORATE BONDS - 41.1%
AUTOMOBILES & COMPONENTS - 0.4%
EUR	950,000	g	Adient Global Holdings Ltd			3.500		08/15/24		1,156
$	350,000	g	Adient US LLC			9.000		04/15/25		388
EUR	500,000		Aptiv plc			1.500		03/10/25		617
$	225,000		Dana, Inc			5.375		11/15/27		236
	350,000		Dana, Inc			5.625		06/15/28		375
	1,250,000		Ford Motor Co			8.500		04/21/23		1,394
	1,275,000		Ford Motor Co			9.000		04/22/25		1,544
	11,000,000		General Motors Co			6.125		10/01/25		12,935
	5,600,000		General Motors Co			5.000		10/01/28		6,418
	6,950,000		General Motors Co			6.600		04/01/36		9,021
	6,500,000		General Motors Co			5.200		04/01/45		7,463
	1,925,000		General Motors Co			6.750		04/01/46		2,598
EUR	400,000	g,o	IHO Verwaltungs GmbH			3.750		09/15/26		479
$	8,675,000		Magna International, Inc			3.625		06/15/24		9,379
EUR	300,000		Volkswagen Bank GmbH			2.500		07/31/26		390
			TOTAL AUTOMOBILES & COMPONENTS							54,393
BANKS - 8.4%
$	8,250,000	g	Australia & New Zealand Banking Group Ltd			2.950		07/22/30		8,526
	1,975,000	e,g	Banco de Credito del Peru			3.250		09/30/31		1,975
	5,250,000	g	Banco del Estado de Chile			2.704		01/09/25		5,473
	300,000	g	Banco General S.A.			4.125		08/07/27		320
	3,800,000	g	Banco Internacional del Peru SAA Interbank			3.375		01/18/23		3,923
	3,225,000	g	Banco Santander Mexico S.A. Institucion de Banca Multiple Grupo Financiero Santand			5.375		04/17/25		3,621
	5,950,000		Banco Santander S.A.			2.746		05/28/25		6,217
	3,800,000		Banco Santander S.A.			3.800		02/23/28		4,101
	5,600,000		Banco Santander S.A.			2.749		12/03/30		5,334
	600,000		Banco Santander S.A.			7.500		N/A‡		659
	6,200,000		Bancolombia S.A.			3.000		01/29/25		6,333
	2,650,000		Bancolombia S.A.			4.625		12/18/29		2,680
	300,000	g	Bangkok Bank PCL			3.733		09/25/34		301
	2,750,000	g	Banistmo S.A.			4.250		07/31/27		2,867
	6,300,000	g	Bank Leumi Le-Israel BM			3.275		01/29/31		6,394
	5,000,000		Bank of America Corp			3.550		03/05/24		5,275
EUR	400,000		Bank of America Corp			1.375		03/26/25		494
$	10,200,000		Bank of America Corp			3.875		08/01/25		11,266
	7,100,000		Bank of America Corp			1.319		06/19/26		7,078

314

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
EUR	300,000		Bank of America Corp		1.776	%	05/04/27	$	378
$	18,265,000		Bank of America Corp		3.248		10/21/27		19,636
	17,250,000		Bank of America Corp		3.824		01/20/28		18,951
	38,075,000		Bank of America Corp		2.496		02/13/31		37,724
	41,250,000		Bank of America Corp		2.592		04/29/31		41,164
	39,000,000		Bank of America Corp		1.922		10/24/31		36,702
	18,000,000		Bank of America Corp		4.083		03/20/51		19,986
	6,875,000		Bank of America Corp		3.483		03/13/52		7,006
	3,000,000		Bank of America Corp		6.100		N/A‡		3,330
	5,000,000		Bank of America Corp		6.250		N/A‡		5,534
	5,350,000		Bank of Montreal		3.803		12/15/32		5,877
EUR	400,000		Barclays plc		0.625		11/14/23		474
$	5,900,000		Barclays plc		4.338		05/16/24		6,318
	10,000,000		Barclays plc		3.932		05/07/25		10,794
	11,000,000	g	BNP Paribas S.A.		2.819		11/19/25		11,579
	1,850,000	g	BNP Paribas S.A.		2.219		06/09/26		1,897
	6,575,000	g	BNP Paribas S.A.		1.323		01/13/27		6,430
	7,375,000	g	BNP Paribas S.A.		1.904		09/30/28		7,249
	5,700,000	g	BNP Paribas S.A.		2.588		08/12/35		5,361
	2,950,000		Citigroup, Inc		2.700		10/27/22		3,045
	8,500,000		Citigroup, Inc		3.875		03/26/25		9,263
	36,375,000		Citigroup, Inc		3.200		10/21/26		39,088
GBP	250,000		Citigroup, Inc		1.750		10/23/26		351
$	6,575,000		Citigroup, Inc		4.300		11/20/26		7,334
	13,835,000		Citigroup, Inc		4.450		09/29/27		15,614
	7,000,000		Citigroup, Inc		4.125		07/25/28		7,746
	49,250,000		Citigroup, Inc		2.666		01/29/31		49,483
	11,000,000		Citigroup, Inc		4.412		03/31/31		12,553
	7,125,000		Citigroup, Inc		2.572		06/03/31		7,119
	4,000,000		Citigroup, Inc		6.300		N/A‡		4,249
	5,000,000		Citigroup, Inc		5.000		N/A‡		5,152
	6,875,000		Cooperatieve Rabobank UA		3.950		11/09/22		7,239
	4,500,000	g	Cooperatieve Rabobank UA		2.625		07/22/24		4,747
	15,225,000		Cooperatieve Rabobank UA		3.750		07/21/26		16,604
	4,125,000	g	Credicorp Ltd		2.750		06/17/25		4,203
	11,050,000	g	Credit Agricole S.A.		3.250		10/04/24		11,861
	10,350,000	g	Credit Agricole S.A.		1.247		01/26/27		10,123
	2,450,000	g	DBS Group Holdings Ltd		4.520		12/11/28		2,653
	4,875,000		Discover Bank		3.200		08/09/21		4,912
	8,200,000		Discover Bank		2.450		09/12/24		8,583
	8,455,000		Discover Bank		3.450		07/27/26		9,150
	4,575,000		Discover Bank		2.700		02/06/30		4,606
	4,000,000	g	Grupo Aval Ltd		4.750		09/26/22		4,174
	3,325,000	g	Grupo Aval Ltd		4.375		02/04/30		3,354
GBP	500,000		HSBC Holdings plc		2.175		06/27/23		701
$	3,325,000		HSBC Holdings plc		2.633		11/07/25		3,475
	6,100,000		HSBC Holdings plc		1.645		04/18/26		6,104
	6,075,000		HSBC Holdings plc		3.900		05/25/26		6,699
	20,075,000		HSBC Holdings plc		4.292		09/12/26		22,220
	1,250,000		HSBC Holdings plc		4.375		11/23/26		1,392
	6,450,000		HSBC Holdings plc		4.041		03/13/28		7,061
	4,200,000		HSBC Holdings plc		2.013		09/22/28		4,127
	4,375,000		HSBC Holdings plc		4.950		03/31/30		5,108
	8,950,000		HSBC Holdings plc		3.973		05/22/30		9,685

315

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	3,850,000		HSBC Holdings plc		2.357	%	08/18/31	$	3,705
	7,000,000		Huntington Bancshares, Inc		5.625		N/A‡		7,781
	13,025,000		Huntington National Bank		2.500		08/07/22		13,376
	3,375,000	g	ICICI Bank Ltd		3.800		12/14/27		3,570
	4,350,000	g	ING Groep NV		4.625		01/06/26		4,931
	15,200,000	g	ING Groep NV		1.400		07/01/26		15,122
	2,125,000	g	Intercorp Financial Services, Inc		4.125		10/19/27		2,232
	500,000	g	Intesa Sanpaolo S.p.A		5.710		01/15/26		560
	4,850,000		JPMorgan Chase & Co		2.700		05/18/23		5,060
	35,850,000		JPMorgan Chase & Co		2.301		10/15/25		37,318
	20,000,000		JPMorgan Chase & Co		2.005		03/13/26		20,567
	14,900,000		JPMorgan Chase & Co		3.200		06/15/26		16,107
EUR	600,000		JPMorgan Chase & Co		1.638		05/18/28		756
$	12,000,000		JPMorgan Chase & Co		4.203		07/23/29		13,575
	23,700,000		JPMorgan Chase & Co		3.702		05/06/30		25,832
	44,675,000		JPMorgan Chase & Co		2.739		10/15/30		45,404
	23,000,000		JPMorgan Chase & Co		4.493		03/24/31		26,500
	24,550,000		JPMorgan Chase & Co		2.522		04/22/31		24,498
	4,575,000		JPMorgan Chase & Co		2.956		05/13/31		4,660
	13,350,000		JPMorgan Chase & Co		1.953		02/04/32		12,653
	5,500,000		JPMorgan Chase & Co		5.000		N/A‡		5,686
	11,100,000		JPMorgan Chase & Co		6.100		N/A‡		11,949
	9,000,000		Mitsubishi UFJ Financial Group, Inc		2.193		02/25/25		9,283
	4,675,000	g	Mizrahi Tefahot Bank Ltd		3.077		04/07/31		4,669
	5,700,000		MUFG Americas Holdings Corp		3.500		06/18/22		5,910
	8,850,000		Natwest Group plc		3.032		11/28/35		8,444
	3,100,000	g	Oversea-Chinese Banking Corp Ltd		1.832		09/10/30		3,072
	4,000,000		PNC Bank NA		2.700		10/22/29		4,088
	6,000,000		PNC Financial Services Group, Inc		3.900		04/29/24		6,547
	11,800,000		Royal Bank of Canada		2.550		07/16/24		12,445
	6,325,000		Royal Bank of Scotland Group plc		3.073		05/22/28		6,581
	9,350,000		Santander Holdings USA, Inc		3.400		01/18/23		9,762
	3,675,000		Sumitomo Mitsui Financial Group, Inc		2.778		10/18/22		3,801
	11,050,000		Sumitomo Mitsui Financial Group, Inc		2.696		07/16/24		11,682
	5,385,000		SVB Financial Group		4.100		N/A‡		5,398
	11,000,000		Toronto-Dominion Bank		1.150		06/12/25		11,005
	2,350,000		Toronto-Dominion Bank		3.625		09/15/31		2,576
	5,700,000		Truist Bank		2.750		05/01/23		5,969
	4,575,000		Truist Bank		1.500		03/10/25		4,648
	5,000,000		Truist Financial Corp		4.000		05/01/25		5,526
	5,000,000		Truist Financial Corp		4.950		N/A‡		5,419
	9,000,000		Truist Financial Corp		4.800		N/A‡		9,437
	5,275,000	g	UBS Group AG.		2.095		02/11/32		4,990
	450,000	g	UniCredit S.p.A		2.569		09/22/26		452
	2,550,000	g	United Overseas Bank Ltd		3.750		04/15/29		2,726
	8,400,000		Wells Fargo & Co		3.750		01/24/24		9,083
	5,300,000		Wells Fargo & Co		3.550		09/29/25		5,777
	5,600,000		Wells Fargo & Co		3.000		10/23/26		5,977
	21,575,000		Wells Fargo & Co		2.393		06/02/28		22,112
	11,950,000		Wells Fargo & Co		2.879		10/30/30		12,310
	8,500,000		Wells Fargo & Co		5.875		N/A‡		9,359
	6,000,000		Wells Fargo & Co		5.900		N/A‡		6,377
	10,000,000		Wells Fargo & Co		3.900		N/A‡		10,099
	4,650,000		Westpac Banking Corp		2.850		05/13/26		4,963
	6,450,000		Westpac Banking Corp		4.110		07/24/34		6,887
			TOTAL BANKS						1,188,221

316

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
CAPITAL GOODS - 1.4%
$	5,000,000		Air Lease Corp		3.125	%	12/01/30	$	4,985
EUR	400,000		Airbus SE		1.625		06/09/30		507
GBP	1,000,000		BAE Systems plc		4.125		06/08/22		1,434
$	4,175,000	g	BAE Systems plc		3.400		04/15/30		4,432
	2,475,000	g	BAE Systems plc		1.900		02/15/31		2,322
	225,000	g	Beacon Roofing Supply, Inc		4.500		11/15/26		231
	3,600,000	g	BOC Aviation Ltd		3.000		09/11/29		3,591
	31,650,000		Boeing Co		2.196		02/04/26		31,552
	13,350,000		Boeing Co		2.950		02/01/30		13,313
	3,352,000		Boeing Co		3.250		02/01/35		3,248
	2,000,000	g	DAE Funding LLC		2.625		03/20/25		2,009
	4,525,000	g	DAE Funding LLC		3.375		03/20/28		4,488
	3,775,000	g	Embraer Netherlands Finance BV		6.950		01/17/28		4,151
	1,432,000		General Electric Co		5.875		01/14/38		1,853
	108,000		General Electric Co		6.875		01/10/39		152
	3,075,000	g	H&E Equipment Services, Inc		3.875		12/15/28		2,990
EUR	500,000		Honeywell International, Inc		0.000		03/10/24		589
$	275,000		Howmet Aerospace, Inc		6.875		05/01/25		319
	1,000,000	e	Ingersoll-Rand Global Holding Co Ltd		3.750		08/21/28		1,097
	13,245,000		Ingersoll-Rand Luxembourg Finance S.A.		3.800		03/21/29		14,531
	3,000,000	e,g	Korea East-West Power Co Ltd		1.750		05/06/25		3,058
	3,150,000		L3Harris Technologies, Inc		3.850		06/15/23		3,361
	1,700,000		Lockheed Martin Corp		1.850		06/15/30		1,655
	2,150,000		Lockheed Martin Corp		2.800		06/15/50		2,028
	9,825,000	g	Molex Electronic Technologies LLC		3.900		04/15/25		10,006
	8,925,000		Northrop Grumman Corp		3.250		01/15/28		9,574
EUR	500,000		Parker-Hannifin Corp		1.125		03/01/25		610
$	19,200,000		Parker-Hannifin Corp		3.250		06/14/29		20,520
	6,600,000		Raytheon Technologies Corp		2.250		07/01/30		6,495
	325,000	g	Rolls-Royce plc		5.750		10/15/27		346
	5,475,000		Roper Technologies, Inc		1.400		09/15/27		5,290
	2,650,000		Roper Technologies, Inc		2.950		09/15/29		2,759
	5,775,000		Roper Technologies, Inc		2.000		06/30/30		5,518
	4,000,000	g	TSMC Global Ltd		1.000		09/28/27		3,844
	361,000		United Technologies Corp		3.650		08/16/23		386
	16,850,000		United Technologies Corp		4.125		11/16/28		18,975
	6,665,000		United Technologies Corp		4.500		06/01/42		7,948
	400,000	g	WESCO Distribution, Inc		7.125		06/15/25		437
	300,000	g	WESCO Distribution, Inc		7.250		06/15/28		335
			TOTAL CAPITAL GOODS						200,939
COMMERCIAL & PROFESSIONAL SERVICES - 0.3%
	875,000		AECOM		5.875		10/15/24		983
	325,000	g	ASGN, Inc		4.625		05/15/28		335
	750,000	g	GFL Environmental, Inc		4.250		06/01/25		772
	1,000,000	g	GFL Environmental, Inc		3.750		08/01/25		1,015
	1,950,000		IHS Markit Ltd		4.125		08/01/23		2,090
	3,175,000		IHS Markit Ltd		4.250		05/01/29		3,576
	2,350,000	g	Prime Security Services Borrower LLC		5.250		04/15/24		2,507
	2,000,000	g	Prime Security Services Borrower LLC		5.750		04/15/26		2,164

317

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	1,325,000	g	Prime Security Services Borrower LLC		3.375	%	08/31/27	$	1,285
	725,000	g	Prime Security Services Borrower LLC		6.250		01/15/28		755
EUR	500,000		RELX Capital, Inc		1.300		05/12/25		617
$	7,971,000		Republic Services, Inc		2.900		07/01/26		8,501
	1,250,000		Verisk Analytics, Inc		4.125		03/15/29		1,389
	1,050,000		Verisk Analytics, Inc		3.625		05/15/50		1,032
	9,650,000		Waste Management, Inc		2.900		09/15/22		9,945
	2,225,000		Waste Management, Inc		4.100		03/01/45		2,512
	3,550,000		Waste Management, Inc		2.500		11/15/50		3,066
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES						42,544
CONSUMER DURABLES & APPAREL - 0.0%
	1,600,000		Leggett & Platt, Inc		4.400		03/15/29		1,788
	149,000		Newell Brands, Inc		4.875		06/01/25		164
			TOTAL CONSUMER DURABLES & APPAREL						1,952
CONSUMER SERVICES - 0.8%
	9,820,000		Amherst College		4.100		11/01/45		11,186
	29,085,000		Anheuser-Busch Cos LLC		3.650		02/01/26		31,979
	9,500,000		Anheuser-Busch Cos LLC		4.900		02/01/46		11,348
	1,100,000	g	Arcos Dorados Holdings, Inc		5.875		04/04/27		1,159
EUR	350,000	g	Carnival Corp		7.625		03/01/26		443
$	1,825,000	g	Cedar Fair LP		5.500		05/01/25		1,921
	3,800,000	g	ENA Master Trust		4.000		05/19/48		3,857
	125,000	g	Hilton Domestic Operating Co, Inc		5.375		05/01/25		132
	125,000	g	Hilton Domestic Operating Co, Inc		5.750		05/01/28		135
	1,610,000	g	International Game Technology plc		6.500		02/15/25		1,767
EUR	500,000	g	International Game Technology plc		3.500		06/15/26		598
$	8,000,000		President and Fellows of Harvard College		3.529		10/01/31		9,182
	14,250,000		President and Fellows of Harvard College		3.619		10/01/37		15,978
	2,100,000		Sands China Ltd		5.400		08/08/28		2,399
	1,000,000	g	Scientific Games International, Inc		5.000		10/15/25		1,036
EUR	500,000	g	Scientific Games International, Inc		3.375		02/15/26		586
$	15,000,000		Smith College		4.620		07/01/45		18,350
	1,125,000	g	Wynn Macau Ltd		5.500		01/15/26		1,174
	100,000	g	Yum! Brands, Inc		7.750		04/01/25		109
			TOTAL CONSUMER SERVICES						113,339
DIVERSIFIED FINANCIALS - 3.4%
	6,475,000		AerCap Ireland Capital DAC		1.750		01/30/26		6,289
	3,500,000		AerCap Ireland Capital DAC		3.650		07/21/27		3,673
	7,000,000		AerCap Ireland Capital DAC		4.625		10/15/27		7,679
	5,525,000		American Express Co		2.500		08/01/22		5,674
	4,000,000		American Express Co		3.700		08/03/23		4,281
	2,775,000		American Express Credit Corp		3.300		05/03/27		3,036
EUR	425,000		American Honda Finance Corp		1.950		10/18/24		533
$	3,975,000		Ameriprise Financial, Inc		3.000		03/22/22		4,079
	6,000,000	g	Banco BTG Pactual S.A.		2.750		01/11/26		5,676
	10,000,000		Bank of New York Mellon Corp		4.700		N/A‡		10,834
	2,700,000	g	BBVA Bancomer S.A.		1.875		09/18/25		2,703
	300,000	g	BBVA Bancomer S.A.		5.350		11/12/29		309
	1,500,000	g	BBVA Bancomer S.A.		5.125		01/18/33		1,543
	4,525,000		Berkshire Hathaway, Inc		3.125		03/15/26		4,926
	7,674,000	g	BPCE S.A.		4.625		07/11/24		8,465

318

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	20,775,000		Capital One Bank USA NA		3.375	%	02/15/23	$	21,822
EUR	150,000		Capital One Financial Corp		0.800		06/12/24		180
$	6,000,000		Charles Schwab Corp		4.000		N/A‡		6,089
	6,250,000		Community Preservation Corp		2.867		02/01/30		6,193
	9,800,000	g	Credit Suisse Group AG.		2.997		12/14/23		10,131
	8,475,000	g	Credit Suisse Group AG.		2.193		06/05/26		8,613
	10,275,000	g	Credit Suisse Group AG.		1.305		02/02/27		9,946
GBP	300,000		Credit Suisse Group AG.		2.250		06/09/28		420
$	8,525,000	g	Credit Suisse Group AG.		4.194		04/01/31		9,274
	7,700,000		Credit Suisse Group Funding Guernsey Ltd		3.800		06/09/23		8,170
	10,250,000		Credit Suisse Group Funding Guernsey Ltd		3.750		03/26/25		11,044
GBP	300,000		Danske Bank A.S.		2.250		01/14/28		423
$	500,000		Deutsche Bank AG.		2.129		11/24/26		501
	3,543,000		Equitable Holdings, Inc		4.950		N/A‡		3,747
	4,000,000		Ford Motor Credit Co LLC		3.096		05/04/23		4,065
	4,825,000		GE Capital International Funding Co		3.373		11/15/25		5,232
	35,700,000		GE Capital International Funding Co		4.418		11/15/35		40,868
	20,000,000		General Motors Financial Co, Inc		2.750		06/20/25		20,878
	5,475,000		General Motors Financial Co, Inc		5.650		01/17/29		6,495
	11,000,000		General Motors Financial Co, Inc		3.600		06/21/30		11,603
	5,450,000		General Motors Financial Co, Inc		5.700		N/A‡		5,886
	13,575,000		Goldman Sachs Group, Inc		3.500		01/23/25		14,649
EUR	825,000		Goldman Sachs Group, Inc		1.625		07/27/26		1,032
$	3,500,000		Goldman Sachs Group, Inc		1.093		12/09/26		3,430
	10,975,000		Goldman Sachs Group, Inc		1.431		03/09/27		10,877
	26,625,000		Goldman Sachs Group, Inc		3.691		06/05/28		29,132
	6,875,000		Goldman Sachs Group, Inc		1.992		01/27/32		6,525
	6,075,000		Goldman Sachs Group, Inc		4.017		10/31/38		6,737
	7,675,000		Goldman Sachs Group, Inc		4.800		07/08/44		9,429
	3,000,000		Goldman Sachs Group, Inc		4.950		N/A‡		3,173
	378		Golondrina Leasing LLC		1.822		05/03/25		0	^
	1,600,000		Indian Railway Finance Corp Ltd		3.730		03/29/24		1,706
	1,975,000	g	Indian Railway Finance Corp Ltd		3.249		02/13/30		1,963
	3,600,000	e,g	Indian Railway Finance Corp Ltd		2.800		02/10/31		3,414
	5,000,000		International Lease Finance Corp		5.875		08/15/22		5,347
	3,600,000	g	Inversiones CMPC S.A.		3.000		04/06/31		3,574
	1,305,000		Legg Mason, Inc		3.950		07/15/24		1,435
	3,000,000	g	Minejesa Capital BV		4.625		08/10/30		3,124
	19,000,000		Morgan Stanley		2.188		04/28/26		19,631
	37,625,000		Morgan Stanley		3.125		07/27/26		40,495
EUR	700,000		Morgan Stanley		1.342		10/23/26		863
$	6,900,000		Morgan Stanley		3.625		01/20/27		7,571
	21,500,000		Morgan Stanley		2.699		01/22/31		21,877
	3,350,000	g	Power Finance Corp Ltd		3.950		04/23/30		3,421
	550,000		Springleaf Finance Corp		5.375		11/15/29		585
	5,600,000	g	Swiss Re Finance Luxembourg SA		5.000		04/02/49		6,340
	3,750,000		Synchrony Financial		4.375		03/19/24		4,088
	5,519,000		Synchrony Financial		4.250		08/15/24		6,003
	10,157,000	g	UBS Group AG		2.859		08/15/23		10,471
	1,000,000		Voya Financial, Inc		5.700		07/15/43		1,293
			TOTAL DIVERSIFIED FINANCIALS						489,465
ENERGY - 3.6%
	1,825,000	g	Abu Dhabi Crude Oil Pipeline LLC		4.600		11/02/47		2,058

319

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	1,050,000		AmeriGas Partners LP		5.875	%	08/20/26	$	1,155
	2,000,000		Cenovus Energy, Inc		5.375		07/15/25		2,248
	5,250,000		Cenovus Energy, Inc		4.250		04/15/27		5,678
	11,000,000		Chevron Corp		1.554		05/11/25		11,224
	4,925,000		Chevron Corp		2.236		05/11/30		4,900
	11,200,000	g	ConocoPhillips		2.400		02/15/31		11,051
	2,375,000		Crestwood Midstream Partners LP		5.750		04/01/25		2,388
	10,000,000		Diamondback Energy, Inc		2.875		12/01/24		10,545
	6,700,000		Diamondback Energy, Inc		3.125		03/24/31		6,689
	5,250,000		Ecopetrol S.A.		5.375		06/26/26		5,887
	4,100,000		Ecopetrol S.A.		6.875		04/29/30		4,991
	1,230,000		Ecopetrol S.A.		5.875		05/28/45		1,312
	3,000,000	g	Empresa Nacional del Petroleo		5.250		11/06/29		3,345
	8,225,000		Enbridge, Inc		3.125		11/15/29		8,553
	2,624,000	g	Energean Israel Finance Ltd		4.500		03/30/24		2,644
	6,421,000		Energy Transfer Operating LP		3.600		02/01/23		6,687
	5,930,000		Energy Transfer Operating LP		4.200		09/15/23		6,350
	4,575,000		Energy Transfer Operating LP		2.900		05/15/25		4,761
	4,725,000		Energy Transfer Operating LP		4.750		01/15/26		5,246
	2,950,000		Energy Transfer Operating LP		5.500		06/01/27		3,402
	7,850,000		Energy Transfer Operating LP		4.950		06/15/28		8,785
	4,225,000		Energy Transfer Operating LP		5.250		04/15/29		4,809
	10,350,000		Energy Transfer Operating LP		3.750		05/15/30		10,671
	8,700,000		Energy Transfer Operating LP		6.250		04/15/49		10,212
	9,125,000		Energy Transfer Operating LP		5.000		05/15/50		9,437
	5,125,000		Enterprise Products Operating LLC		3.700		02/15/26		5,623
	6,275,000		Enterprise Products Operating LLC		3.125		07/31/29		6,617
	700,000		Enterprise Products Operating LLC		2.800		01/31/30		723
	4,025,000		Enterprise Products Operating LLC		4.250		02/15/48		4,275
	6,200,000		Enterprise Products Operating LLC		4.800		02/01/49		7,108
	4,200,000		Enterprise Products Operating LLC		4.200		01/31/50		4,472
	10,600,000		Enterprise Products Operating LLC		3.700		01/31/51		10,436
	1,225,000	g	EQM Midstream Partners LP		6.000		07/01/25		1,318
	3,334,000	g	Galaxy Pipeline Assets Bidco Ltd		2.160		03/31/34		3,227
	3,300,000	g	Galaxy Pipeline Assets Bidco Ltd		2.625		03/31/36		3,146
	300,000	g	Gazprom OAO Via Gaz Capital S.A.		4.950		03/23/27		328
	3,475,000	g	KazTransGas JSC		4.375		09/26/27		3,869
	4,850,000		Kinder Morgan Energy Partners LP		5.400		09/01/44		5,684
	2,065,000		Kinder Morgan, Inc		5.300		12/01/34		2,439
	800,000	g	Leviathan Bond Ltd		6.125		06/30/25		868
	10,675,000		Magellan Midstream Partners LP		3.250		06/01/30		11,176
	9,075,000		Marathon Petroleum Corp		3.800		04/01/28		9,807
	6,235,000		Marathon Petroleum Corp		4.750		09/15/44		6,915
	5,500,000		Marathon Petroleum Corp		5.000		09/15/54		5,821
	350,000	g	MEG Energy Corp		5.875		02/01/29		351
	8,950,000		MPLX LP		1.750		03/01/26		8,964
	15,100,000		MPLX LP		2.650		08/15/30		14,797
	6,150,000		MPLX LP		4.700		04/15/48		6,654
	275,000		Murphy Oil Corp		5.875		12/01/27		269
	1,000,000		NAK Naftogaz Ukraine via Kondor Finance plc		7.375		07/19/22		1,029
	1,400,000		NuStar Logistics LP		5.750		10/01/25		1,499
	3,000,000		Occidental Petroleum Corp		3.500		06/15/25		2,970
	2,200,000		Occidental Petroleum Corp		5.550		03/15/26		2,327
	3,900,000		Occidental Petroleum Corp		4.300		08/15/39		3,307

320

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	1,350,000	g	Oleoducto Central S.A.		4.000	%	07/14/27	$	1,426
	1,775,000		ONEOK, Inc		4.000		07/13/27		1,925
	11,642,000		ONEOK, Inc		4.550		07/15/28		12,811
	12,150,000		ONEOK, Inc		4.350		03/15/29		13,253
	10,380,000		ONEOK, Inc		3.400		09/01/29		10,680
	2,000,000		ONEOK, Inc		4.450		09/01/49		1,995
	5,500,000		ONEOK, Inc		4.500		03/15/50		5,505
	500,000	g	Parkland Fuel Corp		5.875		07/15/27		533
	3,000,000	g	Pertamina Persero PT		4.300		05/20/23		3,177
	2,800,000	g	Pertamina Persero PT		1.400		02/09/26		2,723
	1,425,000	g	Pertamina Persero PT		3.650		07/30/29		1,488
	2,100,000	g	Peru LNG Srl		5.375		03/22/30		1,882
	1,200,000		Petrobras Global Finance BV		5.999		01/27/28		1,319
	1,100,000		Petrobras Global Finance BV		5.093		01/15/30		1,143
	4,000,000		Petrobras Global Finance BV		5.600		01/03/31		4,215
	750,000		Petrobras Global Finance BV		7.250		03/17/44		859
	2,000,000	g	Petroleos del Peru S.A.		5.625		06/19/47		2,101
EUR	375,000		Petroleos Mexicanos		1.875		04/21/22		439
$	4,000,000		Petroleos Mexicanos		1.950		12/20/22		4,055
	2,140,000		Petroleos Mexicanos		2.000		12/20/22		2,172
	2,000,000		Petroleos Mexicanos		4.500		01/23/26		1,986
	3,775,000		Petroleos Mexicanos		6.500		03/13/27		3,945
	2,650,000		Petroleos Mexicanos		5.350		02/12/28		2,577
	2,988,000		Petroleos Mexicanos		7.000		01/23/30		3,033
	5,300,000		Petroleos Mexicanos		5.950		01/28/31		5,088
	1,950,000	g	Petronas Capital Ltd		3.500		04/21/30		2,082
	4,375,000	e,g	Petronas Energy Canada Ltd		2.112		03/23/28		4,319
	3,250,000		Phillips 66 Partners LP		3.150		12/15/29		3,297
	3,275,000		Phillips 66 Partners LP		4.680		02/15/45		3,401
	475,000		Plains All American Pipeline LP		3.800		09/15/30		484
	1,900,000	g	PTTEP Treasury Center Co Ltd		2.587		06/10/27		1,952
	1,200,000		Regency Energy Partners LP		4.500		11/01/23		1,292
	2,570,500	g	Rio Oil Finance Trust		8.200		04/06/28		2,924
	9,875,000		Sabine Pass Liquefaction LLC		4.200		03/15/28		10,834
	10,200,000		Sabine Pass Liquefaction LLC		4.500		05/15/30		11,446
	6,975,000	g	Saudi Arabian Oil Co		2.250		11/24/30		6,680
	5,000,000	g	Saudi Arabian Oil Co		3.250		11/24/50		4,525
	5,550,000		Shell International Finance BV		2.250		01/06/23		5,737
	4,875,000		Shell International Finance BV		2.875		05/10/26		5,200
	6,900,000		Shell International Finance BV		3.125		11/07/49		6,656
	6,500,000		Sunoco Logistics Partners Operations LP		4.000		10/01/27		6,990
	1,925,000		Sunoco Logistics Partners Operations LP		5.400		10/01/47		2,079
	425,000		Targa Resources Partners LP		6.500		07/15/27		462
	4,300,000	g	Thaioil Treasury Center Co Ltd		2.500		06/18/30		4,100
	11,000,000		Total Capital International S.A.		3.127		05/29/50		10,356
	19,150,000		TransCanada PipeLines Ltd		4.250		05/15/28		21,525
	1,400,000		Vale Overseas Ltd		6.250		08/10/26		1,665
	14,750,000		Williams Cos, Inc		2.600		03/15/31		14,417
	5,075,000		Williams Partners LP		3.750		06/15/27		5,532
	2,000,000	g	YPF S.A.		8.500		07/28/25		1,400
			TOTAL ENERGY						520,732
FOOD & STAPLES RETAILING - 0.6%
	5,225,000		Costco Wholesale Corp		1.375		06/20/27		5,207

321

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	7,850,000		Costco Wholesale Corp		1.600	%	04/20/30	$	7,518
	2,450,000		Costco Wholesale Corp		1.750		04/20/32		2,329
	1,223,000		Ingles Markets, Inc		5.750		06/15/23		1,232
	5,575,000		Kroger Co		3.700		08/01/27		6,204
	3,140,000		Kroger Co		3.875		10/15/46		3,280
	1,325,000		Kroger Co		4.450		02/01/47		1,494
	2,636,000		Kroger Co		3.950		01/15/50		2,848
EUR	1,000,000		SYSCO Corp		1.250		06/23/23		1,203
$	22,300,000		Walmart, Inc		3.700		06/26/28		25,081
	18,000,000		Walmart, Inc		2.375		09/24/29		18,418
	6,150,000		Walmart, Inc		3.950		06/28/38		7,109
			TOTAL FOOD & STAPLES RETAILING						81,923
FOOD, BEVERAGE & TOBACCO - 1.1%
	1,182,000		Altria Group, Inc		4.800		02/14/29		1,358
	3,375,000		Altria Group, Inc		3.400		05/06/30		3,531
	5,800,000		Altria Group, Inc		5.950		02/14/49		7,221
	18,600,000		Anheuser-Busch InBev Worldwide, Inc		4.750		01/23/29		21,735
	5,045,000		Anheuser-Busch InBev Worldwide, Inc		4.439		10/06/48		5,666
	6,275,000		BAT Capital Corp		2.259		03/25/28		6,178
	16,425,000		BAT Capital Corp		4.906		04/02/30		18,754
	12,850,000		BAT Capital Corp		2.726		03/25/31		12,428
	5,500,000		BAT Capital Corp		4.540		08/15/47		5,538
	6,900,000		BAT Capital Corp		3.984		09/25/50		6,467
	1,500,000	e,g	BRF S.A.		5.750		09/21/50		1,479
	1,700,000		Constellation Brands, Inc		4.400		11/15/25		1,916
	2,675,000		Constellation Brands, Inc		3.700		12/06/26		2,938
	1,825,000		Constellation Brands, Inc		3.600		02/15/28		1,985
	3,225,000		Constellation Brands, Inc		3.150		08/01/29		3,378
	1,125,000		Constellation Brands, Inc		2.875		05/01/30		1,149
	3,000,000	g	Corp Lindley S.A.		4.625		04/12/23		3,094
	5,500,000		Diageo Capital plc		2.125		10/24/24		5,740
	4,500,000		Diageo Capital plc		1.375		09/29/25		4,542
	8,050,000		Diageo Capital plc		2.375		10/24/29		8,105
	3,900,000		Diageo Capital plc		2.000		04/29/30		3,813
	3,600,000	g	Embotelladora Andina S.A.		3.950		01/21/50		3,802
	1,550,000		General Mills, Inc		2.875		04/15/30		1,600
	3,700,000	g	Grupo Bimbo SAB de C.V.		4.700		11/10/47		4,100
	2,400,000	g	Grupo Bimbo SAB de C.V.		5.950		N/A‡		2,538
EUR	450,000		Mondelez International, Inc		1.375		03/17/41		518
$	3,125,000		PepsiCo, Inc		3.450		10/06/46		3,304
	1,600,000		Philip Morris International, Inc		6.375		05/16/38		2,210
	2,050,000	g	Post Holdings, Inc		4.625		04/15/30		2,055
	3,500,000	g	Sigma Alimentos S.A. de C.V.		4.125		05/02/26		3,787
	1,000,000		Tyson Foods, Inc		4.350		03/01/29		1,138
			TOTAL FOOD, BEVERAGE & TOBACCO						152,067
HEALTH CARE EQUIPMENT & SERVICES - 2.0%
	9,700,000		Abbott Laboratories		1.150		01/30/28		9,322
	2,250,000		Abbott Laboratories		5.300		05/27/40		2,978
	9,000,000		Anthem, Inc		2.250		05/15/30		8,858
	4,475,000		Anthem, Inc		3.600		03/15/51		4,632
EUR	430,000		Becton Dickinson & Co		1.401		05/24/23		519
	670,000		Becton Dickinson & Co		1.900		12/15/26		855

322

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	8,450,000		Becton Dickinson & Co		2.823	%	05/20/30	$	8,663
	4,850,000		Boston Scientific Corp		4.000		03/01/29		5,395
	3,650,000		Centene Corp		4.250		12/15/27		3,839
	2,910,000		Centene Corp		3.000		10/15/30		2,905
	19,230,000		Children’s Hospital Medic		4.268		05/15/44		22,277
	5,350,000		Cigna Corp		2.400		03/15/30		5,305
	5,075,000		Cigna Corp		3.200		03/15/40		5,075
	13,400,000		CVS Health Corp		3.625		04/01/27		14,707
	26,450,000		CVS Health Corp		3.750		04/01/30		28,853
	25,800,000		CVS Health Corp		1.750		08/21/30		24,082
	7,675,000		CVS Health Corp		1.875		02/28/31		7,209
	10,300,000		CVS Health Corp		4.780		03/25/38		12,156
	4,675,000		CVS Health Corp		2.700		08/21/40		4,305
	8,350,000		CVS Health Corp		5.050		03/25/48		10,251
	3,750,000		CVS Health Corp		4.250		04/01/50		4,209
	4,105,000		Dartmouth-Hitchcock Health		4.178		08/01/48		4,536
	1,250,000	g	DaVita, Inc		4.625		06/01/30		1,274
	4,325,000	g	DaVita, Inc		3.750		02/15/31		4,125
EUR	500,000		DH Europe Finance Sarl		1.200		06/30/27		618
$	4,225,000		HCA, Inc		5.625		09/01/28		4,859
	5,000,000		HCA, Inc		5.500		06/15/47		6,219
	3,500,000	g	Hologic, Inc		3.250		02/15/29		3,456
	6,250,000		Humana, Inc		3.950		03/15/27		6,970
GBP	500,000		McKesson Corp		3.125		02/17/29		743
$	12,500,000		Mercy Health		3.382		11/01/25		13,612
	500,000	g	Molina Healthcare, Inc		4.375		06/15/28		514
	5,000,000		New York and Presbyterian Hospital		3.563		08/01/36		5,125
	10,150,000	g	SBA Tower Trust		2.836		01/15/25		10,647
	11,046,000	g	SBA Tower Trust		1.884		01/15/26		11,179
EUR	450,000		Stryker Corp		2.625		11/30/30		623
$	150,000	g	Teleflex, Inc		4.250		06/01/28		155
	375,000	g	Tenet Healthcare Corp		4.625		06/15/28		384
	5,775,000		UnitedHealth Group, Inc		2.950		10/15/27		6,199
	4,625,000		UnitedHealth Group, Inc		3.750		10/15/47		5,055
	2,150,000		Zimmer Biomet Holdings, Inc		3.700		03/19/23		2,274
	3,745,000		Zimmer Biomet Holdings, Inc		3.550		04/01/25		4,058
			TOTAL HEALTH CARE EQUIPMENT & SERVICES						279,020
HOUSEHOLD & PERSONAL PRODUCTS - 0.0%
EUR	600,000		The Procter & Gamble Company		0.625		10/30/24		724
	400,000		The Procter & Gamble Company		1.875		10/30/38		560
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS						1,284
INSURANCE - 1.3%
$	1,925,000		Aetna, Inc		6.625		06/15/36		2,687
	825,000	g	Alliant Holdings Intermediate LLC		4.250		10/15/27		826
	2,700,000		American Financial Group, Inc		3.500		08/15/26		2,926
	6,350,000		Aon Corp		2.800		05/15/30		6,489
	12,975,000		Aon plc		3.500		06/14/24		13,940
	5,250,000		AXIS Specialty Finance LLC		4.900		01/15/40		5,381
	2,275,000		Berkshire Hathaway Finance Corp		1.850		03/12/30		2,220
	2,400,000		Berkshire Hathaway Finance Corp		4.250		01/15/49		2,778
	21,100,000		Berkshire Hathaway Finance Corp		2.850		10/15/50		19,448
	6,250,000		Chubb INA Holdings, Inc		2.875		11/03/22		6,464

323

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE (000)
EUR	450,000		Chubb INA Holdings, Inc			0.875	%	06/15/27	$	546
	500,000		Chubb INA Holdings, Inc			1.550		03/15/28		629
	450,000		Chubb INA Holdings, Inc			1.400		06/15/31		562
$	3,525,000		CNA Financial Corp			3.950		05/15/24		3,829
	3,775,000		CNA Financial Corp			2.050		08/15/30		3,588
	1,825,000	g	Equitable Financial Life Global Funding			1.400		07/07/25		1,824
EUR	250,000	g	Fairfax Financial Holdings Ltd			2.750		03/29/28		317
$	5,575,000	g	Five Corners Funding Trust			4.419		11/15/23		6,116
	7,325,000	g	Five Corners Funding Trust II			2.850		05/15/30		7,549
	26,158,000		Hartford Financial Services Group, Inc			2.800		08/19/29		27,135
	1,350,000		Hartford Financial Services Group, Inc			4.300		04/15/43		1,518
EUR	750,000		Liberty Mutual Group, Inc			2.750		05/04/26		988
$	4,100,000	g	Liberty Mutual Group, Inc			3.951		10/15/50		4,229
	1,600,000		Marsh & McLennan Cos, Inc			3.500		06/03/24		1,723
	1,365,000		Marsh & McLennan Cos, Inc			3.500		03/10/25		1,481
	4,325,000		MetLife, Inc			3.600		11/13/25		4,754
	5,000,000	i	MetLife, Inc			3.759		N/A‡		4,987
	11,820,000		MetLife, Inc			3.850		N/A‡		12,204
	3,025,000	g	Metropolitan Life Global Funding I			2.950		04/09/30		3,152
	11,875,000		PartnerRe Finance B LLC			4.500		10/01/50		12,116
	6,000,000		Principal Financial Group, Inc			2.125		06/15/30		5,770
	2,500,000		Prudential Financial, Inc			3.905		12/07/47		2,705
	6,960,000		Prudential Financial, Inc			3.700		10/01/50		7,038
	3,000,000	g	Prudential Funding LLC			6.750		09/15/23		3,414
	4,150,000		Reinsurance Group of America, Inc			3.900		05/15/29		4,549
	7,750,000	g,i	Vitality Re IX Ltd	U.S. Treasury Bill 3 M + 1.600%		1.610		01/10/22		7,673
	3,500,000	g,i	Vitality Re X Ltd	U.S. Treasury Bill 3 M + 1.750%		1.765		01/10/23		3,483
			TOTAL INSURANCE							197,038
MATERIALS - 1.3%
	1,200,000	g	Alpek SAB de C.V.			4.250		09/18/29		1,270
	2,800,000	g	Alpek SAB de C.V.			3.250		02/25/31		2,769
	4,550,000	g	Anglo American Capital plc			2.625		09/10/30		4,453
	11,325,000		AngloGold Ashanti Holdings plc			3.750		10/01/30		11,450
	200,000	g	Arconic Corp			6.000		05/15/25		216
EUR	250,000	g	Ardagh Metal Packaging Finance USA LLC			2.000		09/01/28		293
	250,000	g	Ardagh Metal Packaging Finance USA LLC			3.000		09/01/29		291
	200,000	g	Ashland Services BV			2.000		01/30/28		233
	250,000		Ball Corp			4.375		12/15/23		324
	425,000		Ball Corp			0.875		03/15/24		500
$	1,875,000		Ball Corp			2.875		08/15/30		1,806
	852,000		Bemis Co, Inc			3.100		09/15/26		908
	2,600,000		Bemis Co, Inc			2.630		06/19/30		2,593
	14,250,000	g	Berry Global, Inc			1.570		01/15/26		14,025
	200,000		Celulosa Arauco y Constitucion S.A.			3.875		11/02/27		216
	3,000,000	g	Celulosa Arauco y Constitucion S.A.			4.250		04/30/29		3,273
	1,650,000	g	Celulosa Arauco y Constitucion S.A.			4.200		01/29/30		1,776
	2,000,000	g	Cemex SAB de C.V.			7.375		06/05/27		2,264
	2,500,000	g	Cemex SAB de C.V.			5.450		11/19/29		2,739
	2,925,000	g	Cemex SAB de C.V.			3.875		07/11/31		2,855
	6,900,000	g	Corp Nacional del Cobre de Chile			3.625		08/01/27		7,455
	3,000,000	g	Corp Nacional del Cobre de Chile			3.150		01/14/30		3,111

324

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	2,000,000	g	Corp Nacional del Cobre de Chile		3.150	%	01/15/51	$	1,825
	2,000,000	g	Corp Nacional del Cobre de Chile-CODELCO		3.700		01/30/50		2,004
	4,000,000		DowDuPont, Inc		4.725		11/15/28		4,649
	500,000	g	Element Solutions, Inc		3.875		09/01/28		493
	3,000,000		Freeport-McMoRan, Inc		5.450		03/15/43		3,609
	2,600,000	g	Fresnillo plc		4.250		10/02/50		2,554
	1,850,000	g	Gold Fields Orogen Holdings BVI Ltd		6.125		05/15/29		2,164
	50,000	g	Hudbay Minerals, Inc		4.500		04/01/26		52
	1,275,000	g	Hudbay Minerals, Inc		6.125		04/01/29		1,361
EUR	350,000	g	INEOS Finance plc		2.875		05/01/26		414
$	2,561,000		International Paper Co		5.000		09/15/35		3,092
	3,750,000		International Paper Co		4.350		08/15/48		4,334
	3,000,000	g	Inversiones CMPC S.A.		4.375		04/04/27		3,299
	1,500,000	g	Inversiones CMPC S.A.		3.850		01/13/30		1,599
	1,300,000	g	Klabin Finance S.A.		4.875		09/19/27		1,420
	3,500,000	g	MEGlobal Canada ULC		5.000		05/18/25		3,889
	5,800,000	g	Midwest Connector Capital Co LLC		3.900		04/01/24		5,987
	5,800,000	g	Midwest Connector Capital Co LLC		4.625		04/01/29		5,881
	1,725,000		Mosaic Co		4.875		11/15/41		1,904
	4,000,000		Newmont Corp		2.250		10/01/30		3,897
	2,000,000	g	Nova Chemicals Corp		4.875		06/01/24		2,090
	4,767,000		Nutrien Ltd		3.375		03/15/25		5,125
	7,500,000		Nutrien Ltd		2.950		05/13/30		7,761
EUR	375,000	g	OCI NV		3.125		11/01/24		450
$	525,000	g	OCI NV		5.250		11/01/24		546
	2,375,000	g	OCI NV		4.625		10/15/25		2,455
EUR	250,000	g	OI European Group BV		3.125		11/15/24		303
$	375,000	g	PolyOne Corp		5.750		05/15/25		399
	350,000	g	POSCO		2.500		01/17/25		361
	8,050,000		Praxair, Inc		1.100		08/10/30		7,320
	2,550,000	g	SABIC Capital II BV		4.000		10/10/23		2,748
	1,850,000		Sasol Financing USA LLC		5.875		03/27/24		1,962
	2,575,000		Sasol Financing USA LLC		4.375		09/18/26		2,627
	1,300,000		Sasol Financing USA LLC		6.500		09/27/28		1,398
	8,200,000		Sherwin-Williams Co		2.300		05/15/30		8,076
EUR	400,000		Silgan Holdings, Inc		3.250		03/15/25		472
$	1,925,000		Suzano Austria GmbH		6.000		01/15/29		2,264
	725,000	g	Tronox, Inc		6.500		05/01/25		778
	200,000	g	UltraTech Cement Ltd		2.800		02/16/31		188
	11,300,000		WRKCo, Inc		4.900		03/15/29		13,194
			TOTAL MATERIALS						179,764
MEDIA & ENTERTAINMENT - 2.6%
	4,350,000		Activision Blizzard, Inc		3.400		09/15/26		4,755
	3,700,000		Activision Blizzard, Inc		1.350		09/15/30		3,342
	3,000,000	g	Banco Nacional de Panama		2.500		08/11/30		2,784
EUR	150,000		Becton Dickinson Euro Finance Sarl		1.213		02/12/36		174
$	1,775,000	g	Cable Onda S.A.		4.500		01/30/30		1,885
	5,000,000	g	CCO Holdings LLC		4.250		02/01/31		5,011
	8,000,000		Charter Communications Operating LLC		3.750		02/15/28		8,663
	8,350,000		Charter Communications Operating LLC		4.200		03/15/28		9,204
	5,000,000		Charter Communications Operating LLC		2.800		04/01/31		4,934
	6,150,000		Charter Communications Operating LLC		5.125		07/01/49		6,919
	21,620,000		Charter Communications Operating LLC		4.800		03/01/50		23,192

325

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	11,800,000		Comcast Corp		3.950	%	10/15/25	$	13,182
	10,650,000		Comcast Corp		2.350		01/15/27		11,117
	6,670,000		Comcast Corp		3.300		02/01/27		7,278
EUR	450,000		Comcast Corp		0.250		05/20/27		532
$	31,750,000		Comcast Corp		4.150		10/15/28		36,336
	11,875,000		Comcast Corp		2.650		02/01/30		12,156
	15,000,000		Comcast Corp		3.400		04/01/30		16,241
	12,175,000		Comcast Corp		1.950		01/15/31		11,726
	7,675,000		Comcast Corp		1.500		02/15/31		7,121
	5,000,000		Comcast Corp		4.400		08/15/35		5,847
	18,200,000		Comcast Corp		3.200		07/15/36		18,980
	3,000,000		Comcast Corp		3.900		03/01/38		3,370
	2,500,000		Comcast Corp		4.700		10/15/48		3,089
	28,150,000		Comcast Corp		2.800		01/15/51		25,811
	7,700,000		Comcast Corp		2.450		08/15/52		6,584
	1,500,000	g	CSC Holdings LLC		7.500		04/01/28		1,654
	5,000,000	g	CSC Holdings LLC		3.375		02/15/31		4,712
EUR	500,000	g	Diebold Nixdorf Dutch Holding BV		9.000		07/15/25		647
$	2,099,000		Discovery Communications LLC		2.950		03/20/23		2,193
GBP	300,000		Discovery Communications LLC		2.500		09/20/24		431
$	6,375,000		Discovery Communications LLC		3.625		05/15/30		6,822
	6,400,000		Discovery Communications LLC		5.200		09/20/47		7,588
	3,000,000		DISH DBS Corp		7.375		07/01/28		3,147
	2,000,000	g	Empresa de los Ferrocarriles del Estado		3.068		08/18/50		1,745
	1,975,000	g	Gray Television, Inc		4.750		10/15/30		1,958
	1,895,000		Grupo Televisa SAB		6.625		01/15/40		2,435
	650,000		Lamar Media Corp		3.750		02/15/28		649
	1,000,000		Lamar Media Corp		4.000		02/15/30		997
	8,300,000	g	LUKOIL Securities BV		3.875		05/06/30		8,560
	1,800,000		MDGH-GMTN BV		2.500		05/21/26		1,868
	2,000,000	g	Medco Bell Pte Ltd		6.375		01/30/27		2,006
	3,260,000	g	Mexico Remittances Funding Fiduciary Estate Management Sarl		4.875		01/15/28		3,195
EUR	800,000		Omnicom Finance Holdings plc		0.800		07/08/27		965
$	2,675,000	g	Sirius XM Radio, Inc		4.125		07/01/30		2,678
	975,000	g	TEGNA, Inc		4.750		03/15/26		1,035
	675,000		TEGNA, Inc		4.625		03/15/28		687
	250,000	g	Tencent Holdings Ltd		3.975		04/11/29		271
	5,675,000		Time Warner Cable LLC		5.875		11/15/40		7,047
	4,075,000		Time Warner Cable LLC		4.500		09/15/42		4,355
	4,200,000		ViacomCBS, Inc		2.900		01/15/27		4,415
	2,500,000		ViacomCBS, Inc		3.375		02/15/28		2,657
	2,250,000		ViacomCBS, Inc		4.375		03/15/43		2,428
	1,150,000		ViacomCBS, Inc		5.850		09/01/43		1,469
	2,105,000		Walt Disney Co		7.625		11/30/28		2,874
	12,750,000		Walt Disney Co		2.000		09/01/29		12,592
	1,578,000		Walt Disney Co		6.550		03/15/33		2,185
	10,900,000		Walt Disney Co		3.600		01/13/51		11,598
	2,700,000		Weibo Corp		3.375		07/08/30		2,686
			TOTAL MEDIA & ENTERTAINMENT						360,782
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 1.9%
EUR	400,000		Abbott Ireland Financing DAC		1.500		09/27/26		504
$	3,500,000		AbbVie, Inc		2.850		05/14/23		3,651

326

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
EUR	550,000		AbbVie, Inc		1.250	%	06/01/24	$	669
	8,700,000		AbbVie, Inc		3.800		03/15/25		9,505
	26,000,000		AbbVie, Inc		2.950		11/21/26		27,682
EUR	350,000		AbbVie, Inc		2.625		11/15/28		476
$	22,275,000		AbbVie, Inc		3.200		11/21/29		23,695
	12,850,000		AbbVie, Inc		4.050		11/21/39		14,387
	6,700,000		AbbVie, Inc		4.400		11/06/42		7,787
	2,680,000		AbbVie, Inc		4.450		05/14/46		3,088
	9,525,000		AbbVie, Inc		4.250		11/21/49		10,778
	5,650,000		AstraZeneca plc		3.125		06/12/27		6,080
EUR	750,000	g	Avantor Funding, Inc		3.875		07/15/28		927
$	1,500,000	g	Avantor Funding, Inc		4.625		07/15/28		1,566
	1,850,000		Bristol-Myers Squibb Co		2.900		07/26/24		1,977
	1,366,000		Bristol-Myers Squibb Co		3.875		08/15/25		1,519
	13,600,000		Bristol-Myers Squibb Co		3.450		11/15/27		14,955
	6,575,000		Bristol-Myers Squibb Co		3.400		07/26/29		7,185
	21,200,000		Bristol-Myers Squibb Co		1.450		11/13/30		19,807
	4,570,000		Bristol-Myers Squibb Co		4.250		10/26/49		5,383
	2,650,000		Bristol-Myers Squibb Co		2.550		11/13/50		2,355
	10,000,000		Eli Lilly & Co		2.250		05/15/50		8,452
	225,000	g	Emergent BioSolutions, Inc		3.875		08/15/28		220
	3,725,000		Gilead Sciences, Inc		1.200		10/01/27		3,571
	1,775,000		Gilead Sciences, Inc		4.000		09/01/36		1,946
	13,100,000		Gilead Sciences, Inc		2.800		10/01/50		11,643
	125,000	g	Jaguar Holding Co II		4.625		06/15/25		130
	100,000	g	Jaguar Holding Co II		5.000		06/15/28		104
	3,950,000		Johnson & Johnson		2.900		01/15/28		4,271
	3,750,000		Johnson & Johnson		3.400		01/15/38		4,113
	15,800,000		Merck & Co, Inc		1.450		06/24/30		15,053
	5,750,000		Mylan, Inc		4.550		04/15/28		6,494
	9,600,000		Novartis Capital Corp		3.000		11/20/25		10,363
	5,200,000	g	Royalty Pharma plc		2.200		09/02/30		4,962
	21,850,000		Takeda Pharmaceutical Co Ltd		2.050		03/31/30		21,059
EUR	400,000	g	Takeda Pharmaceutical Co Ltd		3.000		11/21/30		563
	400,000		Takeda Pharmaceutical Co Ltd		1.375		07/09/32		489
$	1,975,000		Takeda Pharmaceutical Co Ltd		3.025		07/09/40		1,910
	9,775,000		Thermo Fisher Scientific, Inc		4.133		03/25/25		10,855
	4,200,000	g	Viatris, Inc		2.700		06/22/30		4,147
	2,425,000	g	Viatris, Inc		3.850		06/22/40		2,482
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES						276,803
REAL ESTATE - 2.2%
	1,675,000		Alexandria Real Estate Equities, Inc		3.950		01/15/27		1,867
	2,300,000		Alexandria Real Estate Equities, Inc		3.950		01/15/28		2,556
	5,500,000		Alexandria Real Estate Equities, Inc		4.900		12/15/30		6,497
	3,725,000		Alexandria Real Estate Equities, Inc		1.875		02/01/33		3,387
	5,950,000		American Tower Corp		3.000		06/15/23		6,261
	5,775,000		American Tower Corp		2.950		01/15/25		6,141
EUR	600,000		American Tower Corp		1.950		05/22/26		759
$	2,418,000		American Tower Corp		3.375		10/15/26		2,615
	10,000,000		American Tower Corp		2.750		01/15/27		10,438
	1,600,000		American Tower Corp		3.600		01/15/28		1,728
	8,850,000		American Tower Corp		3.800		08/15/29		9,636
	13,700,000		American Tower Corp		2.900		01/15/30		13,927

327

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	9,925,000		American Tower Corp		1.875	%	10/15/30	$	9,285
	5,575,000		Brandywine Operating Partnership LP		4.100		10/01/24		6,016
	5,825,000		Brixmor Operating Partnership LP		3.850		02/01/25		6,302
	1,075,000		Brixmor Operating Partnership LP		2.250		04/01/28		1,055
	1,950,000		Camden Property Trust		3.150		07/01/29		2,062
	2,150,000		Camden Property Trust		2.800		05/15/30		2,206
	2,800,000		Corporate Office Properties LP		2.750		04/15/31		2,708
	1,700,000		Crown Castle International Corp		3.650		09/01/27		1,853
	1,825,000		Crown Castle International Corp		3.800		02/15/28		1,988
	14,025,000		Crown Castle International Corp		2.250		01/15/31		13,480
	10,630,000		Crown Castle International Corp		2.100		04/01/31		10,037
	3,075,000		Digital Realty Trust LP		3.700		08/15/27		3,390
	1,600,000		Duke Realty LP		3.250		06/30/26		1,730
	2,525,000		Duke Realty LP		4.000		09/15/28		2,801
	3,125,000		Duke Realty LP		1.750		07/01/30		2,909
	3,825,000		Equinix, Inc		2.150		07/15/30		3,637
	2,754,000		Essex Portfolio LP		3.375		01/15/23		2,865
	9,100,000		Essex Portfolio LP		3.000		01/15/30		9,323
	6,600,000		Healthcare Realty Trust, Inc		3.875		05/01/25		7,158
	3,000,000		Healthcare Realty Trust, Inc		3.625		01/15/28		3,224
	1,750,000		Healthcare Realty Trust, Inc		2.400		03/15/30		1,704
	1,850,000		Healthcare Realty Trust, Inc		2.050		03/15/31		1,735
	6,250,000		Healthcare Trust of America Holdings LP		3.500		08/01/26		6,827
	11,400,000		Healthcare Trust of America Holdings LP		3.100		02/15/30		11,764
	7,950,000		Highwoods Realty LP		3.875		03/01/27		8,604
	2,900,000		Highwoods Realty LP		4.125		03/15/28		3,138
	2,875,000		Highwoods Realty LP		4.200		04/15/29		3,122
	6,000,000		Highwoods Realty LP		3.050		02/15/30		6,059
	3,250,000		Highwoods Realty LP		2.600		02/01/31		3,174
	1,833,000		Hudson Pacific Properties LP		3.950		11/01/27		1,965
	3,000,000		Hudson Pacific Properties LP		3.250		01/15/30		3,019
	800,000		iStar, Inc		4.750		10/01/24		832
	850,000		Life Storage LP		2.200		10/15/30		803
	575,000	g	MGM Growth Properties Operating Partnership LP		4.625		06/15/25		606
	5,224,000		Mid-America Apartments LP		4.300		10/15/23		5,645
	5,525,000		Mid-America Apartments LP		3.750		06/15/24		5,978
	4,300,000		Mid-America Apartments LP		4.000		11/15/25		4,771
	7,734,000		Mid-America Apartments LP		3.600		06/01/27		8,415
	11,100,000		Mid-America Apartments LP		2.750		03/15/30		11,206
	5,400,000		Mid-America Apartments LP		1.700		02/15/31		4,961
	2,575,000		National Retail Properties, Inc		4.000		11/15/25		2,828
	3,000,000		National Retail Properties, Inc		3.600		12/15/26		3,252
EUR	360,000		ProLogis Euro Finance LLC		0.375		02/06/28		424
$	7,225,000		Regency Centers LP		3.900		11/01/25		7,894
	4,750,000		Regency Centers LP		3.600		02/01/27		5,141
	5,500,000		Regency Centers LP		2.950		09/15/29		5,594
	5,700,000		Retail Properties of America, Inc		4.750		09/15/30		6,033
	2,968,000		SITE Centers Corp		3.625		02/01/25		3,099
	350,000		SITE Centers Corp		4.700		06/01/27		382
	775,000	g	VICI Properties LP		3.500		02/15/25		789
	1,170,000		Weingarten Realty Investors		3.375		10/15/22		1,209
	4,800,000		Weingarten Realty Investors		3.500		04/15/23		5,024
	3,025,000		Weingarten Realty Investors		4.450		01/15/24		3,274
	3,950,000		Weingarten Realty Investors		3.850		06/01/25		4,245
	1,300,000		Weingarten Realty Investors		3.250		08/15/26		1,362
			TOTAL REAL ESTATE						304,719

328

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
RETAILING - 0.5%
$	2,950,000		AutoNation, Inc		3.800	%	11/15/27	$	3,218
	6,525,000		AutoZone, Inc		1.650		01/15/31		5,973
	900,000		Chevron USA, Inc		3.900		11/15/24		991
	1,675,000		Chevron USA, Inc		3.850		01/15/28		1,867
	3,465,000		Chevron USA, Inc		5.050		11/15/44		4,395
	550,000	g	Group 1 Automotive, Inc		4.000		08/15/28		547
	350,000		JD.com, Inc		3.375		01/14/30		361
	200,000	g	L Brands, Inc		9.375		07/01/25		249
	925,000	g	L Brands, Inc		6.625		10/01/30		1,056
	875,000	g	Lithia Motors, Inc		4.625		12/15/27		909
	950,000	g	Lithia Motors, Inc		4.375		01/15/31		986
	5,100,000		O’Reilly Automotive, Inc		3.550		03/15/26		5,569
	6,875,000		O’Reilly Automotive, Inc		3.600		09/01/27		7,515
	4,075,000		O’Reilly Automotive, Inc		4.200		04/01/30		4,581
	4,750,000		O’Reilly Automotive, Inc		1.750		03/15/31		4,389
	2,775,000	g	Prosus NV		3.680		01/21/30		2,864
	6,000,000	g	Prosus NV		3.832		02/08/51		5,270
	3,000,000	g	Staples, Inc		7.500		04/15/26		3,164
	17,275,000		Target Corp		2.350		02/15/30		17,514
			TOTAL RETAILING						71,418
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.7%
	12,025,000		Broadcom, Inc		4.150		11/15/30		12,979
	10,530,000	g	Broadcom, Inc		3.469		04/15/34		10,566
	4,500,000	g	Broadcom, Inc		3.500		02/15/41		4,310
	15,640,000		Intel Corp		2.875		05/11/24		16,693
	4,800,000		Intel Corp		2.600		05/19/26		5,092
	7,325,000		Intel Corp		3.750		03/25/27		8,184
	2,500,000		Intel Corp		3.734		12/08/47		2,693
	2,875,000		Lam Research Corp		3.750		03/15/26		3,187
	3,275,000		Lam Research Corp		4.000		03/15/29		3,709
	1,100,000		Lam Research Corp		1.900		06/15/30		1,066
	8,075,000		Lam Research Corp		2.875		06/15/50		7,697
	3,850,000	g	NXP BV		2.700		05/01/25		4,038
	5,725,000	g	NXP BV		3.875		06/18/26		6,301
	2,450,000	g	NXP BV		3.400		05/01/30		2,587
	4,800,000	g	SK Hynix, Inc		1.500		01/19/26		4,723
	3,475,000		Texas Instruments, Inc		2.625		05/15/24		3,683
	3,100,000		Texas Instruments, Inc		4.150		05/15/48		3,688
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT						101,196
SOFTWARE & SERVICES - 1.1%
	10,050,000		Adobe, Inc		2.300		02/01/30		10,164
	2,800,000		Baidu, Inc		2.875		07/06/22		2,868
	1,725,000		Baidu, Inc		4.375		05/14/24		1,892
	275,000	g	Black Knight InfoServ LLC		3.625		09/01/28		270
	925,000	g	Booz Allen Hamilton, Inc		3.875		09/01/28		930
	100,000	g	Camelot Finance S.A.		4.500		11/01/26		103
EUR	375,000		Fidelity National Information Services, Inc		1.100		07/15/24		454
$	4,325,000		Fidelity National Information Services, Inc		2.250		03/01/31		4,249

329

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	14,800,000		Fiserv, Inc		2.750	%	07/01/24	$	15,639
	23,750,000		Fiserv, Inc		3.500		07/01/29		25,617
GBP	200,000		Fiserv, Inc		3.000		07/01/31		296
$	900,000	g	Gartner, Inc		3.750		10/01/30		893
	4,725,000		Global Payments, Inc		2.650		02/15/25		4,965
	10,275,000		Global Payments, Inc		3.200		08/15/29		10,822
	4,700,000	g	HCL America, Inc		1.375		03/10/26		4,615
	15,050,000		International Business Machines Corp		1.950		05/15/30		14,568
EUR	400,000		International Business Machines Corp		0.650		02/11/32		470
	500,000	g	IQVIA, Inc		1.750		03/15/26		588
$	1,625,000	g	j2 Global, Inc		4.625		10/15/30		1,641
	26,300,000		Microsoft Corp		2.400		08/08/26		27,806
	1,395,000		Microsoft Corp		2.525		06/01/50		1,270
	8,205,000		Microsoft Corp		2.921		03/17/52		8,082
	550,000	g	Open Text Holdings, Inc		4.125		02/15/30		558
	175,000	g	Presidio Holdings, Inc		4.875		02/01/27		179
	2,425,000		salesforce.com, Inc		3.700		04/11/28		2,709
	7,075,000		Visa, Inc		2.050		04/15/30		7,063
	1,800,000		Visa, Inc		2.700		04/15/40		1,763
			TOTAL SOFTWARE & SERVICES						150,474
TECHNOLOGY HARDWARE & EQUIPMENT - 0.7%
	7,025,000		Amphenol Corp		2.800		02/15/30		7,203
EUR	675,000		Amphenol Technologies Holding GmbH		2.000		10/08/28		889
$	8,075,000		Apple, Inc		2.450		08/04/26		8,507
	36,100,000		Apple, Inc		2.050		09/11/26		37,374
	4,525,000		Apple, Inc		4.650		02/23/46		5,627
	5,900,000		Apple, Inc		2.650		02/08/51		5,391
	9,445,000		Broadcom Corp		3.875		01/15/27		10,256
	2,075,000		Corning, Inc		4.375		11/15/57		2,266
	7,050,000	g	Dell International LLC		5.300		10/01/29		8,247
	2,425,000	g	NCR Corp		5.000		10/01/28		2,449
	6,669,000		Tyco Electronics Group S.A.		3.500		02/03/22		6,793
	2,175,000		Tyco Electronics Group S.A.		3.700		02/15/26		2,380
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT						97,382
TELECOMMUNICATION SERVICES - 2.8%
EUR	400,000	g	Altice France S.A.		3.375		01/15/28		457
$	15,225,000		AT&T, Inc		4.350		03/01/29		17,222
EUR	500,000		AT&T, Inc		2.350		09/05/29		663
$	14,855,000		AT&T, Inc		4.300		02/15/30		16,723
	12,650,000		AT&T, Inc		2.250		02/01/32		12,032
	36,093,000	g	AT&T, Inc		2.550		12/01/33		34,266
	9,000,000		AT&T, Inc		4.500		05/15/35		10,151
	15,575,000		AT&T, Inc		3.300		02/01/52		14,028
	27,320,000	g	AT&T, Inc		3.550		09/15/55		25,001
	17,978,000	g	AT&T, Inc		3.800		12/01/57		17,104
	5,127,000	g	AT&T, Inc		3.650		09/15/59		4,686
	2,875,000	g	Avaya, Inc		6.125		09/15/28		3,052
	2,000,000	g	Bharti Airtel International Netherlands BV		5.350		05/20/24		2,209
	2,000,000	g	Bharti Airtel Ltd		4.375		06/10/25		2,147
	12,625,000	g	Bharti Airtel Ltd		3.250		06/03/31		12,326
	3,000,000	g	C&W Senior Financing Designated Activity Co		6.875		09/15/27		3,199
	4,000,000		Deutsche Telekom International Finance BV		8.750		06/15/30		5,932

330

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	1,175,000	g	Millicom International Cellular S.A.		4.500	%	04/27/31	$	1,222
	4,000,000	g	MTN Mauritius Investment Ltd		6.500		10/13/26		4,472
	3,000,000	g	Network i2i Ltd		3.975		N/A‡		3,008
	398,000	o	Oi S.A.		10.000		07/27/25		420
	2,350,000	g,h	Ooredoo International Finance Ltd		2.625		04/08/31		2,325
	3,950,000		Orange S.A.		5.375		01/13/42		5,116
	3,800,000		Rogers Communications, Inc		3.700		11/15/49		3,773
	2,125,000		Telefonica Emisiones SAU		4.103		03/08/27		2,376
	32,175,000	g	T-Mobile USA, Inc		3.875		04/15/30		34,921
	21,500,000	g	T-Mobile USA, Inc		2.550		02/15/31		21,063
	2,525,000	g	T-Mobile USA, Inc		3.000		02/15/41		2,344
	2,350,000	g	T-Mobile USA, Inc		4.500		04/15/50		2,639
	7,800,000	g	T-Mobile USA, Inc		3.300		02/15/51		7,290
	577,000		Verizon Communications, Inc		3.376		02/15/25		626
	6,600,000		Verizon Communications, Inc		3.875		02/08/29		7,342
EUR	400,000		Verizon Communications, Inc		1.875		10/26/29		523
$	10,000,000		Verizon Communications, Inc		4.016		12/03/29		11,186
	24,589,000		Verizon Communications, Inc		3.150		03/22/30		25,935
	2,325,000	g	Verizon Communications, Inc		1.680		10/30/30		2,157
	2,525,000		Verizon Communications, Inc		1.750		01/20/31		2,351
	30,220,000		Verizon Communications, Inc		4.272		01/15/36		34,157
EUR	300,000		Verizon Communications, Inc		2.875		01/15/38		434
$	7,625,000		Verizon Communications, Inc		3.400		03/22/41		7,741
	11,300,000		Verizon Communications, Inc		2.875		11/20/50		10,043
	8,700,000		Vodafone Group plc		4.375		05/30/28		9,991
	7,000,000		Vodafone Group plc		4.250		09/17/50		7,689
	1,325,000	g	Zayo Group Holdings, Inc		4.000		03/01/27		1,302
			TOTAL TELECOMMUNICATION SERVICES						393,644
TRANSPORTATION - 0.6%
	1,850,000	g	Adani Ports & Special Economic Zone Ltd		4.000		07/30/27		1,951
	2,000,000	g	Adani Ports & Special Economic Zone Ltd		4.200		08/04/27		2,121
	2,700,000	g	Adani Ports & Special Economic Zone Ltd		3.100		02/02/31		2,560
	5,175,000		Burlington Northern Santa Fe LLC		3.050		02/15/51		5,005
	3,700,000		Canadian Pacific Railway Co		2.050		03/05/30		3,574
	2,040,000		CSX Corp		2.600		11/01/26		2,156
	7,125,000		CSX Corp		3.250		06/01/27		7,748
	3,500,000		CSX Corp		3.800		03/01/28		3,884
	23,495,000		CSX Corp		4.250		03/15/29		26,684
	9,250,000		Delta Air Lines, Inc		2.900		10/28/24		9,249
	2,150,000	g	Delta Air Lines, Inc		7.000		05/01/25		2,477
	1,275,000	g	Delta Air Lines, Inc		4.500		10/20/25		1,361
	4,575,000		Delta Air Lines, Inc		3.750		10/28/29		4,461
	1,450,000	g	DP World Ltd		5.625		09/25/48		1,699
EUR	400,000		FedEx Corp		1.000		01/11/23		477
	325,000		FedEx Corp		1.625		01/11/27		411
$	1,175,000	g	Mileage Plus Holdings LLC		6.500		06/20/27		1,288
	6,150,000		Union Pacific Corp		3.950		09/10/28		6,891
	6,125,000		Union Pacific Corp		3.839		03/20/60		6,510
			TOTAL TRANSPORTATION						90,507
UTILITIES - 3.4%
	1,905,875	g	Adani Transmission Ltd		4.250		05/21/36		1,965
	1,650,000		AEP Transmission Co LLC		3.100		12/01/26		1,783

331

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	1,650,000		AEP Transmission Co LLC		4.000	%	12/01/46	$	1,811
	3,475,000		Alabama Power Co		4.150		08/15/44		3,854
	7,000,000		Alabama Power Co		3.450		10/01/49		7,137
	2,500,000		Ameren Corp		3.500		01/15/31		2,653
	2,750,000		American Water Capital Corp		3.000		12/01/26		2,947
	8,425,000		American Water Capital Corp		2.800		05/01/30		8,665
	2,375,000		American Water Capital Corp		4.000		12/01/46		2,587
	4,500,000		American Water Capital Corp		3.750		09/01/47		4,799
	1,325,000		American Water Capital Corp		3.450		05/01/50		1,340
	6,038,000		Appalachian Power Co		4.450		06/01/45		6,821
	10,375,000		Atmos Energy Corp		1.500		01/15/31		9,477
	1,175,000		Atmos Energy Corp		4.125		10/15/44		1,288
	6,500,000		Baltimore Gas & Electric Co		3.750		08/15/47		6,953
	5,500,000		Baltimore Gas & Electric Co		3.200		09/15/49		5,341
	5,925,000		Berkshire Hathaway Energy Co		3.250		04/15/28		6,387
	6,225,000		Black Hills Corp		4.250		11/30/23		6,752
	1,575,000		Black Hills Corp		3.150		01/15/27		1,681
	3,550,000		CenterPoint Energy Resources Corp		6.250		02/01/37		4,358
EUR	350,000		CEZ AS.		0.875		12/02/26		420
$	4,675,000		CMS Energy Corp		3.600		11/15/25		5,087
	2,000,000	e,g	Comision Federal de Electricidad		3.348		02/09/31		1,922
	4,200,000		Commonwealth Edison Co		5.900		03/15/36		5,591
	8,250,000	e	Commonwealth Edison Co		3.000		03/01/50		7,832
	3,325,000		Consumers Energy Co		2.500		05/01/60		2,761
	4,125,000		Dominion Energy Gas Holdings LLC		2.500		11/15/24		4,337
	4,600,000	h	Dominion Energy, Inc		3.300		04/15/41		4,528
	3,775,000		Dominion Resources, Inc		2.000		08/15/21		3,792
	13,775,000		DTE Electric Co		2.250		03/01/30		13,738
	5,825,000		Duke Energy Corp		1.800		09/01/21		5,853
	8,675,000		Duke Energy Corp		2.650		09/01/26		9,077
	5,000,000		Duke Energy Florida LLC		3.400		10/01/46		5,087
	1,046,309		Duke Energy Florida Project Finance LLC		1.731		09/01/22		1,057
	11,425,000		Duke Energy Indiana LLC		2.750		04/01/50		10,246
	1,450,000		Duke Energy Ohio, Inc		3.800		09/01/23		1,549
	6,100,000		Duke Energy Progress LLC		2.500		08/15/50		5,198
EUR	500,000		EDP Finance BV		1.125		02/12/24		606
	300,000		Electricite de France S.A.		2.000		10/02/30		400
$	3,445,000	g	Empresas Publicas de Medellin ESP		4.250		07/18/29		3,488
	3,000,000		Enel Chile S.A.		4.875		06/12/28		3,474
	4,000,000	g	EnfraGen Energia Sur S.A.		5.375		12/30/30		3,935
	4,300,000	g	ENN Energy Holdings Ltd		2.625		09/17/30		4,130
	6,900,000		Entergy Corp		0.900		09/15/25		6,738
	2,050,000		Eversource Energy		0.800		08/15/25		1,998
	7,000,000		Eversource Energy		3.450		01/15/50		6,954
	2,475,000		Exelon Corp		4.050		04/15/30		2,758
	9,450,000		Exelon Generation Co LLC		3.400		03/15/22		9,687
	5,775,000		Florida Power & Light Co		3.990		03/01/49		6,642
UGX	2,000,000,000	†,g	ICBC Standard Bank plc		14.250		06/26/34		488
$	3,600,000		Indiana Michigan Power Co		3.750		07/01/47		3,763
	8,525,000	g	Israel Electric Corp Ltd		4.250		08/14/28		9,449
	2,850,000	g	Kallpa Generacion SA		4.125		08/16/27		3,035
	3,675,000	g	Korea Hydro & Nuclear Power Co Ltd		3.750		07/25/23		3,939
	3,200,000	g	Korea Southern Power Co Ltd		0.750		01/27/26		3,096
	6,975,000		MidAmerican Energy Co		3.650		04/15/29		7,737

332

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	6,150,000		MidAmerican Energy Co		3.650	%	08/01/48	$	6,504
	7,350,000		Nevada Power Co		2.400		05/01/30		7,325
	3,335,000		Nevada Power Co		5.450		05/15/41		4,293
	17,000,000		NextEra Energy Capital Holdings, Inc		2.250		06/01/30		16,633
	7,100,000		NiSource, Inc		3.490		05/15/27		7,704
	10,840,000		NiSource, Inc		3.600		05/01/30		11,749
	13,435,000		NiSource, Inc		1.700		02/15/31		12,444
	8,250,000	g	NRG Energy, Inc		2.450		12/02/27		8,200
	1,675,000		NSTAR Electric Co		3.950		04/01/30		1,882
	3,600,000		Ohio Power Co		2.600		04/01/30		3,658
	6,150,000		Ohio Power Co		4.150		04/01/48		6,890
	6,150,000		Ohio Power Co		4.000		06/01/49		6,867
	1,280,000		Oncor Electric Delivery Co LLC		5.250		09/30/40		1,666
	3,500,000		ONE Gas, Inc		3.610		02/01/24		3,731
	600,000	g	Pattern Energy Operations LP		4.500		08/15/28		610
	2,775,000		PECO Energy Co		3.000		09/15/49		2,656
	3,700,000		PECO Energy Co		2.800		06/15/50		3,446
	1,500,000	g	Perusahaan Gas Negara Persero Tbk PT		5.125		05/16/24		1,642
	3,000,000	g	Perusahaan Listrik Negara PT		4.125		05/15/27		3,223
	650,000	g	Perusahaan Listrik Negara PT		3.875		07/17/29		681
	3,000,000	g	Perusahaan Listrik Negara PT		3.375		02/05/30		3,023
	200,000	g	Perusahaan Listrik Negara PT		4.875		07/17/49		211
	5,000,000	g	Perusahaan Perseroan Persero PT Perusahaan Listrik Negara		4.000		06/30/50		4,775
	750,000		Potomac Electric Power Co		7.900		12/15/38		1,165
	4,300,000		PPL Capital Funding, Inc		3.950		03/15/24		4,643
	2,000,000		PPL Electric Utilities Corp		3.000		09/15/21		2,010
	3,300,000	g	Promigas S.A. ESP		3.750		10/16/29		3,354
	8,425,000		Public Service Co of Colorado		1.875		06/15/31		8,059
	3,000,000		Public Service Co of Colorado		4.050		09/15/49		3,428
	4,450,000		Public Service Co of Colorado		3.200		03/01/50		4,459
	7,970,000		Public Service Electric & Gas Co		3.150		01/01/50		7,935
	20,000,000		Southern Co		4.000		01/15/51		21,105
	8,475,000		Southern Co Gas Capital Corp		3.875		11/15/25		9,362
	2,125,000		Southern Co Gas Capital Corp		4.400		06/01/43		2,302
	2,000,000		Southern Co Gas Capital Corp		3.950		10/01/46		2,070
	2,440,000		Southwestern Public Service Co		3.400		08/15/46		2,436
	350,000	g	Tengizchevroil Finance Co International Ltd		2.625		08/15/25		353
	3,680,000		Virginia Electric & Power Co		2.950		01/15/22		3,729
	3,250,000		Virginia Electric & Power Co		2.950		11/15/26		3,484
	3,250,000		Virginia Electric & Power Co		3.500		03/15/27		3,563
	12,379,000		Virginia Electric & Power Co		3.800		04/01/28		13,670
	1,000,000		Virginia Electric and Power Co		2.450		12/15/50		854
	4,125,000		Wisconsin Power & Light Co		4.100		10/15/44		4,508
	2,975,000		Xcel Energy, Inc		3.350		12/01/26		3,223
	2,890,000		Xcel Energy, Inc		4.800		09/15/41		3,405
			TOTAL UTILITIES						487,921
			TOTAL CORPORATE BONDS						5,837,527
			(Cost $5,657,914)

333

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
GOVERNMENT BONDS - 38.3%
AGENCY SECURITIES - 0.6%
$	1,250,234		AMAL Ltd		3.465	%	08/21/21	$	1,260
	2,500,000		Amber Circle Funding Ltd		3.250		12/04/22		2,592
	3,395,000		Canal Barge Co, Inc		4.500		11/12/34		3,836
	10,375,000		Lutheran Medical Center		1.982		02/20/30		10,734
	24,000,000	g	Private Export Funding Corp (PEFCO)		3.266		11/08/21		24,451
	25,747,000		PEFCO		2.050		11/15/22		26,473
	8,225,000		PEFCO		1.750		11/15/24		8,541
	3,000,000	g	Reliance Industries Ltd		3.667		11/30/27		3,258
			TOTAL AGENCY SECURITIES						81,145
FOREIGN GOVERNMENT BONDS - 5.6%
	4,000,000	g	Abu Dhabi Government International Bond		3.125		05/03/26		4,336
	2,000,000	g	Abu Dhabi Government International Bond		2.500		09/30/29		2,048
	4,500,000	g	Abu Dhabi Government International Bond		3.125		09/30/49		4,286
	750,000	g	Abu Dhabi Government International Bond		2.700		09/02/70		629
	4,675,000	g	Airport Authority		1.625		02/04/31		4,359
	3,325,000	g	Arab Petroleum Investments Corp		4.125		09/18/23		3,594
	34,039		Argentina Republic Government International Bond		1.000		07/09/29		12
	979,700		Argentina Republic Government International Bond (Step Bond)		0.125		07/09/30		328
AUD	400,000		Australia Government Bond		2.250		05/21/28		324
	1,625,000		Australia Government Bond		1.000		12/21/30		1,152
$	3,000,000	g	Bahrain Government International Bond		5.450		09/16/32		2,887
	1,500,000	g	Banque Ouest Africaine de Developpement		5.000		07/27/27		1,656
	8,500,000	g	Banque Ouest Africaine de Developpement		4.700		10/22/31		9,044
EUR	3,650,000	g	Banque Ouest Africaine de Developpement		2.750		01/22/33		4,401
$	3,450,000	g	Bermuda Government International Bond		3.717		01/25/27		3,743
	2,500,000	g	Bermuda Government International Bond		4.750		02/15/29		2,891
	1,375,000	g	Bermuda Government International Bond		2.375		08/20/30		1,344
	17,400,000	e,g	BNG Bank NV		3.000		09/20/23		18,502
CLP	570,000,000	g	Bonos de la Tesoreria de la Republica en pesos		2.300		10/01/28		764
$	2,730,000	g	Brazil Minas SPE via State of Minas Gerais		5.333		02/15/28		2,962
	2,975,000		Brazilian Government International Bond		3.875		06/12/30		2,886
	5,700,000		Brazilian Government International Bond		5.625		02/21/47		5,805
EUR	1,450,000		Bundesrepublik Deutschland Bundesanleihe		0.000		02/15/30		1,757
	1,000,000		Bundesrepublik Deutschland Bundesanleihe		0.000		02/15/31		1,206
$	4,000,000	g	Caisse d’Amortissement de la Dette Sociale		1.875		02/12/22		4,057
CAD	1,300,000	g	Canada Housing Trust No 1		2.550		12/15/23		1,091
	1,550,000		Canadian Government International Bond		1.500		02/01/22		1,247
	1,000,000		Canadian Government International Bond		5.000		06/01/37		1,150
$	3,050,000		Chile Government International Bond		2.550		01/27/32		3,073
EUR	475,000		Chile Government International Bond		1.250		01/22/51		502
CNY	11,300,000		China Government Bond		2.880		11/05/23		1,726
	17,000,000		China Government Bond		1.990		04/09/25		2,488
	11,250,000		China Government Bond		3.270		11/19/30		1,727
	26,500,000		China Government International Bond		2.360		07/02/23		4,001
	9,700,000		China Government International Bond		2.940		10/17/24		1,480
	47,400,000		China Government International Bond		3.120		12/05/26		7,241
$	4,000,000	g	China Government International Bond		1.200		10/21/30		3,745
CNY	18,900,000		China Government International Bond		3.860		07/22/49		2,955
	10,000,000		China Government International Bond		3.390		03/16/50		1,432
$	2,000,000	g	China Government International Bond		2.250		10/21/50		1,746
NOK	7,000,000		City of Oslo Norway		2.050		10/31/24		837
$	12,650,000		Colombia Government International Bond		3.000		01/30/30		12,389

334

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	3,600,000		Colombia Government International Bond		5.000	%	06/15/45	$	3,835
	5,000,000		Colombia Government International Bond		3.875		02/15/61		4,481
	4,100,000	g	Costa Rica Government International Bond		5.625		04/30/43		3,567
	20,200,000	g	CPPIB Capital, Inc		2.250		01/25/22		20,537
	16,400,000	g	CPPIB Capital, Inc		2.750		11/02/27		17,652
	5,000,000	g	Development Bank of Japan, Inc		0.500		03/04/24		4,988
DOP	48,650,000	g	Dominican Republic Government International Bond		8.900		02/15/23		882
	8,000,000	g	Dominican Republic Government International Bond		9.750		06/05/26		152
$	4,500,000	g	Dominican Republic Government International Bond		4.875		09/23/32		4,590
	2,000,000	g	Dominican Republic Government International Bond		6.500		02/15/48		2,113
	24,960	g	Ecuador Government International Bond		0.000		07/31/30		10
	75,600	g	Ecuador Government International Bond (Step Bond)		0.500		07/31/30		44
	198,120	g	Ecuador Government International Bond (Step Bond)		0.500		07/31/35		90
	90,800	g	Ecuador Government International Bond (Step Bond)		0.500		07/31/40		39
	425,000	g	Egypt Government International Bond		5.750		05/29/24		446
EGP	19,025,000		Egypt Government International Bond		15.900		07/02/24		1,259
$	725,000	g	Egypt Government International Bond		7.600		03/01/29		770
EUR	1,100,000	g	Egypt Government International Bond		5.625		04/16/30		1,281
$	1,175,000	e,g	Egypt Government International Bond		5.875		02/16/31		1,098
EUR	700,000	g	Egypt Government International Bond		6.375		04/11/31		840
$	2,700,000	g	Egypt Government International Bond		8.500		01/31/47		2,675
	1,445,000	g	El Salvador Government International Bond		7.125		01/20/50		1,290
	2,000,000		Emirate of Dubai Government International Bonds		3.900		09/09/50		1,777
	10,000,000		European Investment Bank		2.500		04/15/21		10,007
	3,500,000		European Investment Bank		4.875		02/15/36		4,671
	4,000,000	g	Export-Import Bank of India		3.875		02/01/28		4,262
	3,975,000	e,g	Export-Import Bank of India		2.250		01/13/31		3,617
	2,800,000		Export-Import Bank of Korea		0.750		09/21/25		2,739
	3,350,000		Export-Import Bank of Korea		1.250		09/21/30		3,097
EUR	3,000,000		French Republic Government Bond OAT		0.500		05/25/25		3,674
	2,650,000		French Republic Government Bond OAT		0.750		11/25/28		3,346
	1,820,000		French Republic Government Bond OAT		1.250		05/25/34		2,425
	1,200,000	g	French Republic Government Bond OAT		2.000		05/25/48		1,855
	860,000	g	French Republic Government Bond OAT		0.750		05/25/52		990
$	2,325,000	g	Ghana Government International Bond		8.125		03/26/32		2,240
	1,000,000	g	Ghana Government International Bond		8.627		06/16/49		925
	3,600,000	g	Guatemala Government International Bond		4.500		05/03/26		3,876
	450,000	g	Guatemala Government International Bond		4.375		06/05/27		482
	200,000	g	Guatemala Government International Bond		5.375		04/24/32		227
	600,000	g	Guatemala Government International Bond		6.125		06/01/50		695
EUR	2,150,000	g	Hellenic Republic Government International Bond		1.875		07/23/26		2,742
	1,500,000	g	Hellenic Republic Government International Bond		3.875		03/12/29		2,199
	1,250,000	g	Hellenic Republic Government International Bond		1.500		06/18/30		1,565
$	3,625,000	e,g	Honduras Government International Bond		6.250		01/19/27		3,960
	350,000	g	Honduras Government International Bond		5.625		06/24/30		366
CAD	1,475,000		Hydro-Quebec		5.000		02/15/45		1,612
$	11,675,000	g	Indonesia Government International Bond		4.625		04/15/43		12,919

335

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
IDR	7,750,000,000		Indonesia Treasury Bond		8.125	%	05/15/24	$	573
	28,000,000,000		Indonesia Treasury Bond		7.000		09/15/30		1,950
	19,350,000,000		Indonesia Treasury Bond		7.500		05/15/38		1,338
AUD	500,000		Inter-American Development Bank		4.750		08/27/24		433
	900,000		Inter-American Development Bank		2.750		10/30/25		739
NZD	941,000		International Bank for Reconstruction & Development		3.375		01/25/22		673
AUD	400,000		International Bank for Reconstruction & Development		2.200		02/27/24		319
CAD	1,300,000		International Bank for Reconstruction & Development		1.900		01/16/25		1,071
GBP	500,000		International Finance Corp		0.250		12/15/25		680
$	1,793,750	g	Iraq Government International Bond		5.800		01/15/28		1,694
	6,200,000		Israel Government International Bond		3.250		01/17/28		6,830
ILS	3,100,000		Israel Government International Bond		5.500		01/31/42		1,499
	3,200,000		Israel Government International Bond		3.750		03/31/47		1,251
$	4,375,000		Israel Government International Bond		4.125		01/17/48		5,031
EUR	1,250,000		Italy Buoni Poliennali Del Tesoro		0.050		04/15/21		1,466
	3,500,000		Italy Buoni Poliennali Del Tesoro		2.450		10/01/23		4,388
	3,345,000		Italy Buoni Poliennali Del Tesoro		1.250		12/01/26		4,172
	200,000	g	Italy Buoni Poliennali Del Tesoro		0.950		03/01/37		228
	1,225,000	g	Italy Buoni Poliennali Del Tesoro		2.950		09/01/38		1,825
	1,550,000	g	Italy Buoni Poliennali Del Tesoro		3.850		09/01/49		2,740
	425,000	g	Italy Buoni Poliennali Del Tesoro		1.700		09/01/51		503
	1,000,000	g	Ivory Coast Government International Bond		5.875		10/17/31		1,237
	100,000	g	Ivory Coast Government International Bond		4.875		01/30/32		114
$	1,625,973	g	Ivory Coast Government International Bond (Step Bond)		5.750		12/31/32		1,623
	2,850,000		Jamaica Government International Bond		7.875		07/28/45		3,862
	6,000,000		Japan Bank for International Cooperation		2.375		04/20/26		6,339
	4,000,000	g	Japan Finance Organization for Municipalities		2.125		04/13/21		4,002
	6,650,000	g	Japan Finance Organization for Municipalities		3.375		09/27/23		7,105
JPY	113,000,000		Japan Finance Organization for Municipalities		0.450		03/14/25		1,038
$	2,500,000	g	Japan Finance Organization for Municipalities		1.000		05/21/25		2,506
JPY	103,000,000		Japan Finance Organization for Municipalities		0.484		06/13/25		949
	140,000,000		Japan Finance Organization for Municipalities		0.020		03/13/26		1,265
	76,000,000		Japan Government Five Year Bond		0.100		06/20/23		690
	440,000,000		Japan Government Ten Year Bond		0.100		09/20/26		4,010
	369,000,000		Japan Government Ten Year Bond		0.100		12/20/26		3,365
	122,000,000		Japan Government Ten Year Bond		0.100		06/20/29		1,109
	162,000,000		Japan Government Ten Year Bond		0.100		12/20/29		1,471
	350,000,000		Japan Government Thirty Year Bond		2.400		11/20/31		3,918
	350,000,000		Japan Government Thirty Year Bond		2.300		05/20/32		3,910
	418,000,000		Japan Government Thirty Year Bond		2.500		09/20/34		4,897
	450,000,000		Japan Government Thirty Year Bond		0.500		09/20/46		3,973
	105,000,000		Japan Government Thirty Year Bond		0.600		09/20/50		931
	93,000,000		Japan Government Twenty Year Bond		0.600		12/20/36		874
	219,000,000		Japan Government Twenty Year Bond		0.500		12/20/38		2,006
	153,000,000		Japan Government Twenty Year Bond		0.300		06/20/39		1,349
	91,000,000		Japan Government Twenty Year Bond		0.400		09/20/40		811
$	2,500,000	g	Jordan Government International Bond		4.950		07/07/25		2,565
	1,000,000	g	Jordan Government International Bond		5.750		01/31/27		1,045
	3,000,000	g	Kazakhstan Government International Bond		4.875		10/14/44		3,605
	1,525,000	g	Kenya Government International Bond		6.875		06/24/24		1,673

336

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	2,350,000	g	Kenya Government International Bond		7.000	%	05/22/27	$	2,490
EUR	1,875,000	g	Kingdom of Belgium Government International Bond		0.000		10/22/27		2,252
$	5,000,000	g	Kommunalbanken AS.		2.250		01/25/22		5,081
	2,600,000	g	Kommunalbanken AS.		2.750		02/05/24		2,768
	3,000,000	g	Kommunalbanken AS.		1.125		06/14/30		2,803
	4,500,000	g	Kommuninvest I Sverige AB		2.250		05/29/21		4,514
	2,833,000	g	Kommuninvest I Sverige AB		2.625		09/15/22		2,930
	6,975,000	g	Korea Electric Power Corp		1.125		06/15/25		6,925
	350,000	g	Korea Housing Finance Corp		2.000		10/11/21		353
	5,775,000	g	Korea Housing Finance Corp		3.000		10/31/22		5,991
KRW	1,220,000,000		Korea Treasury Bond		1.875		03/10/22		1,090
	1,270,000,000		Korea Treasury Bond		1.500		03/10/25		1,123
	1,800,000,000		Korea Treasury Bond		1.500		12/10/26		1,570
	2,380,000,000		Korea Treasury Bond		2.375		09/10/38		2,161
$	18,750,000		Kreditanstalt fuer Wiederaufbau		2.625		01/25/22		19,118
	5,750,000	g	Kuwait Government International Bond		2.750		03/20/22		5,873
	1,750,000	†,q	Lebanon Government International Bond		6.750		11/29/27		201
	5,250,000	g	Lithuania Government International Bond		6.625		02/01/22		5,516
MYR	3,100,000		Malaysia Government International Bond		4.893		06/08/38		800
MXN	23,500,000		Mexican Bonos		5.750		03/05/26		1,140
	14,300,000		Mexican Bonos		7.750		05/29/31		745
$	3,000,000		Mexico Government International Bond		4.150		03/28/27		3,326
	14,250,000		Mexico Government International Bond		3.250		04/16/30		14,370
	6,051,000		Mexico Government International Bond		6.050		01/11/40		7,263
	3,500,000		Mexico Government International Bond		4.600		02/10/48		3,583
	1,953,000	g	Mongolia Government International Bond		5.125		12/05/22		2,011
EUR	900,000	g	Morocco Government International Bond		1.500		11/27/31		992
$	5,750,000	g	Morocco Government International Bond		5.500		12/11/42		6,325
	3,075,000	g	Namibia Government International Bond		5.250		10/29/25		3,218
KZT	330,000,000	†	National Bank of Kazakhstan Notes		0.000		07/23/21		754
$	4,500,000	g	Nederlandse Waterschapsbank NV		2.125		11/15/21		4,553
	5,000,000	g	Nederlandse Waterschapsbank NV		1.875		04/14/22		5,084
	4,000,000	g	Nederlandse Waterschapsbank NV		3.125		12/05/22		4,191
EUR	400,000	g	Netherlands Government International Bond		2.750		01/15/47		763
AUD	500,000		New South Wales Treasury Corp		4.000		05/20/26		439
NZD	1,450,000		New Zealand Government International Bond		2.750		04/15/25		1,094
$	2,600,000	g	Nigeria Government International Bond		6.500		11/28/27		2,677
EUR	850,000	g	North Macedonia Government International Bond		3.675		06/03/26		1,091
	625,000	g	North Macedonia Government International Bond		1.625		03/10/28		714
NOK	26,080,000	g	Norway Government International Bond		1.375		08/19/30		3,023
$	975,000	g	Oman Government International Bond		6.750		10/28/27		1,074
	1,500,000	g	Oman Government International Bond		6.000		08/01/29		1,556
	3,000,000	g	Oman Government International Bond		6.250		01/25/31		3,130
	21,300,000	g	OMERS Finance Trust		2.500		05/02/24		22,539
	15,000,000	g	Ontario Teachers’ Finance Trust		1.625		09/12/24		15,485
	500,000	g,h	Pakistan Government International Bond		6.000		04/08/26		508
	3,600,000		Panama Government International Bond		3.160		01/23/30		3,745
	4,000,000		Panama Government International Bond		4.300		04/29/53		4,289
	10,955,000		Panama Notas del Tesoro		3.750		04/17/26		11,748
	925,000	g	Paraguay Government International Bond		5.400		03/30/50		1,042
	3,825,000	g	Perusahaan Penerbit SBSN Indonesia III		3.900		08/20/24		4,145
	11,900,000	g	Perusahaan Penerbit SBSN Indonesia III		4.400		03/01/28		13,344
	4,475,000		Peruvian Government International Bond		4.125		08/25/27		4,998

337

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	3,000,000		Peruvian Government International Bond		1.862	%	12/01/32	$	2,732
PEN	14,725,000	g	Peruvian Government International Bond		5.400		08/12/34		3,831
$	218,958	g	Petroamazonas EP		4.625		12/06/21		199
EUR	900,000	g	Portugal Obrigacoes do Tesouro OT		0.700		10/15/27		1,112
	1,525,000	g	Portugal Obrigacoes do Tesouro OT		1.950		06/15/29		2,063
CAD	650,000		Province of Quebec Canada		2.750		09/01/27		553
$	6,000,000		Province of Quebec Canada		7.500		09/15/29		8,515
	2,000,000	g	Provincia de Mendoza Argentina (Step Bond)		2.750		03/19/29		1,150
	925,000	g	Qatar Government International Bond		3.400		04/16/25		1,005
	2,050,000	g	Qatar Government International Bond		3.750		04/16/30		2,287
	4,000,000	g	Qatar Government International Bond		4.400		04/16/50		4,614
	7,000,000		Republic of Italy Government International Bond		4.000		10/17/49		7,163
	2,000,000	g	Republic of Paraguay		6.100		08/11/44		2,400
PLN	6,225,000		Republic of Poland Government International Bond		2.750		10/25/29		1,743
$	1,400,000	g	Republic of Uzbekistan Bond		3.700		11/25/30		1,356
	3,225,000	g	Republic of Uzbekistan Government International Bond		4.750		02/20/24		3,394
RON	7,075,000		Romania Government Bond		4.150		01/26/28		1,817
$	3,000,000	g	Romanian Government International Bond		3.000		02/14/31		2,991
EUR	600,000	g	Romanian Government International Bond		2.000		01/28/32		705
$	4,600,000	g	Romanian Government International Bond		4.000		02/14/51		4,419
RUB	72,000,000		Russian Federal Bond-OFZ		4.500		07/16/25		883
$	5,000,000	g	Russian Foreign Bond - Eurobond		4.375		03/21/29		5,453
	3,200,000	g	Russian Foreign Bond - Eurobond		5.100		03/28/35		3,681
	4,500,000	g	Saudi Government International Bond		3.250		10/26/26		4,840
	500,000	g	Saudi Government International Bond		2.500		02/03/27		515
	6,775,000	g	Saudi Government International Bond		4.500		04/17/30		7,795
	6,150,000	g	Saudi Government International Bond		3.750		01/21/55		6,021
EUR	1,000,000	g	Senegal Government International Bond		4.750		03/13/28		1,190
$	2,000,000	g	Senegal Government International Bond		6.750		03/13/48		1,901
EUR	1,250,000	g	Serbia Government International Bond		1.500		06/26/29		1,466
$	5,900,000	g	Serbia International Bond		2.125		12/01/30		5,427
RSD	96,000,000		Serbia Treasury Bonds		5.875		02/08/28		1,161
	31,700,000		Serbia Treasury Bonds		4.500		08/20/32		350
$	4,000,000		South Africa Government International Bond		5.875		09/16/25		4,411
ZAR	12,200,000		South Africa Government International Bond		10.500		12/21/26		938
	15,100,000		South Africa Government International Bond		8.750		01/31/44		801
$	2,800,000		South Africa Government International Bond		5.375		07/24/44		2,544
	3,850,000	g	Southern Gas Corridor CJSC		6.875		03/24/26		4,552
EUR	2,550,000	g	Spain Government International Bond		2.750		10/31/24		3,330
	845,000	g	Spain Government International Bond		1.400		07/30/28		1,091
	1,475,000	g	Spain Government International Bond		0.600		10/31/29		1,794
	625,000	g	Spain Government International Bond		0.100		04/30/31		715
	2,350,000	g	Spain Government International Bond		1.200		10/31/40		2,864
$	3,100,000		State of Israel		3.375		01/15/50		3,133
	5,280,000		Svensk Exportkredit AB		1.625		11/14/22		5,396
	9,590,000		Svensk Exportkredit AB		1.750		12/12/23		9,923
SEK	6,500,000		Sweden Government Bond		0.500		11/24/45		678
THB	48,800,000		Thailand Government International Bond		3.300		06/17/38		1,708
UAH	25,000,000		Ukraine Government International Bond		17.000		05/11/22		951
EUR	1,000,000	g	Ukraine Government International Bond		6.750		06/20/26		1,258
	5,400,000	g	Ukraine Government International Bond		4.375		01/27/30		5,795
GBP	2,850,000		United Kingdom Gilt		1.625		10/22/28		4,206
	2,450,000		United Kingdom Gilt		4.750		12/07/30		4,601

338

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE (000)
GBP	2,450,000		United Kingdom Gilt			1.750	%	09/07/37	$	3,620
	500,000		United Kingdom Gilt			1.250		10/22/41		676
	950,000		United Kingdom Gilt			0.625		10/22/50		1,065
UYU	21,800,000	g	Uruguay Government International Bond			8.500		03/15/28		514
$	8,507,410		Uruguay Government International Bond			4.375		01/23/31		9,867
	850,000		Uruguay Government International Bond			4.125		11/20/45		946
	1,400,000		Uruguay Government International Bond			5.100		06/18/50		1,734
AUD	2,735,000		Western Australian Treasury Corp			2.750		07/24/29		2,257
			TOTAL FOREIGN GOVERNMENT BONDS							798,973
MORTGAGE BACKED - 23.4%
$	7,732,106		Federal Home Loan Mortgage Corp (FHLMC)			3.000		10/15/33		8,385
	13,788,004		FHLMC			3.500		08/15/43		14,229
	8,984,982		FHLMC			3.500		03/15/44		9,430
	7,604,580	i	FHLMC	LIBOR 1 M + 5.920%		5.814		03/15/44		1,406
	23,857,215		FHLMC			4.000		10/01/47		26,207
	20,861,144		FHLMC			4.000		06/01/48		22,891
	14,615,759	i	FHLMC	LIBOR 1 M + 9.920%		9.750		06/15/48		16,568
	12,888,338		FHLMC			4.000		07/01/48		14,082
	16,913,662		FHLMC			3.000		09/01/48		17,772
	11,396,192	i	FHLMC	LIBOR 1 M + 9.840%		9.670		10/15/48		13,594
	30,057,703		FHLMC			3.000		11/01/49		31,776
	21,382,994		FHLMC			2.000		09/25/50		2,592
	32,719,476		FHLMC			2.500		11/25/50		5,504
	42,469,656		FHLMC			2.500		02/25/51		6,943
	2,003		Federal Home Loan Mortgage Corp Gold (FGLMC)			7.000		05/01/23		2
	17,543		FGLMC			8.000		01/01/31		18
	4,715		FGLMC			7.000		01/01/32		5
	360,792		FGLMC			4.500		07/01/33		402
	2,559,546		FGLMC			7.000		12/01/33		2,957
	613,454		FGLMC			4.500		10/01/34		679
	461,795		FGLMC			4.500		04/01/35		514
	714,070		FGLMC			7.000		05/01/35		813
	2,056,883		FGLMC			5.000		06/01/36		2,393
	727,507		FGLMC			5.000		07/01/39		847
	100,750		FGLMC			4.500		12/01/43		113
	66,757		FGLMC			4.500		02/01/44		75
	2,617,743		FGLMC			4.500		10/01/44		2,943
	1,039,250		FGLMC			4.500		11/01/44		1,167
	1,494,905		FGLMC			4.500		11/01/44		1,668
	1,162,590		FGLMC			4.500		12/01/44		1,307
	769,100		FGLMC			4.500		12/01/44		851
	4,681,628		FGLMC			3.500		04/01/45		5,084
	807,245		FGLMC			4.500		05/01/45		872
	22,426,777		FGLMC			3.500		08/01/45		24,412
	36,433,090		FGLMC			3.500		10/01/45		39,532
	21,296,537		FGLMC			4.000		12/01/45		23,618
	56,010,373		FGLMC			3.500		08/01/46		60,586
	66,308,060		FGLMC			3.000		01/01/47		70,081
	54,430,159		FGLMC			3.000		02/01/47		57,573
	2,360,416		FGLMC			4.500		06/01/47		2,650
	4,497,072		FGLMC			4.000		09/01/47		4,958
	4,229,387		FGLMC			3.500		12/01/47		4,568
	21,765,996		FGLMC			3.500		03/01/48		23,485

339

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE (000)
$	23,841,279		FGLMC			4.000	%	03/01/48	$	26,182
	11,227,057		FGLMC			4.000		07/01/48		12,271
	17,367,697		FGLMC			4.500		08/01/48		19,344
	7,953,440		FGLMC			4.500		10/01/48		8,807
	11,209,043		FGLMC			3.500		11/01/48		12,095
	21,429		Federal National Mortgage Association (FNMA)			8.000		07/01/24		23
	6,097		FNMA			9.000		11/01/25		7
	3,921,550		FNMA			3.500		05/01/32		4,238
	26,012,926		FNMA			3.000		10/01/32		27,478
	370,098		FNMA			4.500		10/01/33		412
	648,213		FNMA			4.500		05/01/35		718
	4,164,871		FNMA			5.000		05/01/35		4,834
	1,928,721		FNMA			5.000		10/01/35		2,242
	1,612,875		FNMA			5.000		02/01/36		1,876
	172,000,000	h	FNMA			2.000		04/25/36		176,519
	24,000,000	h	FNMA			2.500		05/25/36		24,959
	3,790,285		FNMA			5.500		11/01/38		4,455
	2,239,026		FNMA			3.000		10/01/39		2,332
	24,130,546		FNMA			3.000		05/01/40		25,278
	3,407,057		FNMA			5.000		09/01/40		3,936
	5,675,040		FNMA			5.000		05/01/41		6,602
	17,771,508		FNMA			4.000		09/01/42		19,481
	10,610,795		FNMA			3.500		04/01/43		11,534
	4,154,818		FNMA			3.000		04/25/43		4,310
	9,475,981		FNMA			3.500		09/01/43		10,316
	9,230,167	i	FNMA	LIBOR 1 M + 5.950%		5.841		09/25/43		2,168
	4,669,117		FNMA			4.000		01/01/44		5,168
	8,467,242		FNMA			4.500		03/01/44		9,674
	4,915,606		FNMA			4.500		06/01/44		5,518
	4,979,036		FNMA			4.500		10/01/44		5,591
	9,067,303		FNMA			4.500		11/01/44		10,181
	2,723,708		FNMA			5.000		11/01/44		3,143
	2,996,476		FNMA			4.500		12/01/44		3,363
	3,635,298		FNMA			4.000		01/01/45		4,007
	4,607,895		FNMA			3.000		02/25/45		4,749
	27,198,128		FNMA			3.000		02/25/45		28,365
	364,156		FNMA			3.500		03/01/45		392
	312,858		FNMA			3.500		03/01/45		339
	1,077,524		FNMA			4.500		03/01/45		1,210
	7,468,252		FNMA			3.000		03/25/45		7,735
	442,396		FNMA			4.500		04/01/45		497
	19,748,391		FNMA			3.500		04/25/45		20,488
	10,128,905		FNMA			3.500		05/01/45		11,020
	5,328,904		FNMA			4.000		06/01/45		5,889
	8,591,859		FNMA			4.000		12/01/45		9,500
	31,197,298		FNMA			3.000		12/25/45		32,361
	13,322,381		FNMA			3.500		01/01/46		14,398
	24,080,335		FNMA			4.000		01/01/46		26,556
	650,448		FNMA			4.000		03/01/46		716
	12,088,920		FNMA			3.500		06/01/46		13,080
	13,152,347		FNMA			3.500		07/01/46		14,227
	24,106,626		FNMA			3.500		07/01/46		26,182
	3,304,667		FNMA			3.000		10/01/46		3,389
	13,692,676		FNMA			3.500		10/01/46		14,808

340

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	17,186,626		FNMA		3.000	%	11/01/46	$	18,157
	60,821,949		FNMA		3.500		01/01/47		64,737
	5,561,445		FNMA		3.000		04/25/47		5,913
	5,877,448		FNMA		4.500		05/01/47		6,580
	1,905,613		FNMA		3.500		08/01/47		2,040
	2,059,242		FNMA		3.500		09/01/47		2,204
	6,513,076		FNMA		4.000		09/01/47		7,038
	373,917		FNMA		4.000		09/01/47		403
	818,031		FNMA		3.000		11/01/47		838
	2,314,854		FNMA		3.000		11/01/47		2,374
	10,084,777		FNMA		3.500		11/01/47		10,928
	33,626,795		FNMA		4.000		12/01/47		36,939
	8,357,592		FNMA		4.000		12/01/47		9,018
	2,331,441		FNMA		3.500		01/01/48		2,515
	22,508,233		FNMA		3.500		01/01/48		24,276
	9,831,468		FNMA		4.500		01/01/48		10,935
	5,334,420		FNMA		3.500		02/01/48		5,641
	8,804,493		FNMA		4.500		02/01/48		9,803
	88,143,568		FNMA		3.000		02/25/48		93,143
	9,222,145		FNMA		4.000		03/01/48		10,124
	37,609,282		FNMA		4.500		03/01/48		41,873
	26,067,825		FNMA		4.000		04/01/48		28,036
	7,022,254		FNMA		4.500		05/01/48		7,818
	5,247,606		FNMA		4.500		05/01/48		5,843
	14,813,981		FNMA		5.000		08/01/48		16,781
	8,419,998		FNMA		3.000		11/01/48		8,784
	126,275,000	h	FNMA		3.000		04/25/49		131,528
	2,100,718		FNMA		3.000		06/01/49		2,153
	4,883,744		FNMA		3.000		08/01/49		5,181
	9,032,022		FNMA		3.000		01/25/50		9,421
	345,385,000	h	FNMA		2.500		05/25/50		353,682
	24,018,650		FNMA		3.000		07/01/50		25,554
	15,920,945		FNMA		2.000		08/25/50		1,971
	5,358,671		FNMA		3.000		02/25/51		856
	106,440,000	h	FNMA		2.000		04/25/51		106,240
	152,500,000	h	FNMA		2.500		04/25/51		156,491
	270,600,000	h	FNMA		2.000		05/25/51		269,596
	12,353,738		Government National Mortgage Association (GNMA)		3.700		10/15/33		13,287
	294,503		GNMA		5.000		04/15/38		336
	327,843		GNMA		6.500		11/20/38		394
	58,837		GNMA		4.500		02/20/39		70
	1,219,165		GNMA		5.000		06/15/39		1,419
	697,741		GNMA		5.000		06/15/39		810
	10,515,877		GNMA		3.700		08/15/40		11,287
	79,649		GNMA		4.500		08/20/41		93
	185,496		GNMA		4.500		09/20/41		212
	55,745		GNMA		4.500		01/20/44		66
	35,019		GNMA		4.500		02/20/44		40
	110,790		GNMA		4.500		05/20/44		131
	505,860		GNMA		4.500		05/20/44		579
	801,117		GNMA		4.500		08/20/44		948
	463,932		GNMA		4.500		09/20/44		534
	273,906		GNMA		4.500		10/20/44		312

341

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	139,728		GNMA		4.500	%	11/20/44	$	153
	401,245		GNMA		4.500		12/20/44		466
	633,859		GNMA		4.500		02/20/45		743
	904,376		GNMA		4.500		08/20/45		1,073
	732,248		GNMA		4.500		08/20/45		856
	539,593		GNMA		4.500		12/20/45		618
	8,451,015		GNMA		4.000		06/20/46		1,111
	14,303,197		GNMA		3.500		01/20/49		15,578
	86,457,885		GNMA		3.000		08/20/50		90,120
	74,250,000	h	GNMA		2.000		04/20/51		74,969
	243,300,000	h	GNMA		2.500		04/20/51		251,036
	62,120,000	h	GNMA		3.000		04/20/51		64,714
	74,100,000		GNMA		2.000		05/20/51		74,696
			TOTAL MORTGAGE BACKED						3,322,580
MUNICIPAL BONDS - 2.9%
	2,975,000		Chicago Housing Authority		3.682		01/01/25		3,232
	245,000		City & County of San Francisco CA Community Facilities District		3.264		09/01/25		263
	1,000,000		City & County of San Francisco CA Community Facilities District		4.038		09/01/34		1,101
	845,000		City & County of San Francisco CA Community Facilities District		3.750		09/01/37		891
	2,000,000		City & County of San Francisco CA Community Facilities District		4.000		09/01/48		2,079
	3,995,000		City of Los Angeles CA Wastewater System Revenue		4.029		06/01/39		4,304
	4,940,000		City of New York NY		3.200		12/01/26		5,441
	1,575,000		City of San Antonio TX Customer Facility Charge Revenue		4.353		07/01/25		1,659
	4,055,000		Commonwealth Financing Authority		3.864		06/01/38		4,528
	19,355,000		Commonwealth Financing Authority		3.807		06/01/41		20,545
	815,000		County of Miami-Dade FL Aviation Revenue		1.885		10/01/21		822
	1,060,000		County of Miami-Dade FL Aviation Revenue		1.885		10/01/21		1,068
	1,505,000		County of Miami-Dade FL Aviation Revenue		2.218		10/01/22		1,546
	1,500,000		County of Miami-Dade FL Aviation Revenue		2.368		10/01/23		1,567
	2,500,000		County of Miami-Dade FL Aviation Revenue		3.285		10/01/23		2,668
	3,500,000		County of Miami-Dade FL Aviation Revenue		2.504		10/01/24		3,681
	2,250,000		County of Miami-Dade FL Aviation Revenue		3.405		10/01/24		2,436
	4,365,000		County of Miami-Dade FL Aviation Revenue		2.604		10/01/25		4,595
	2,375,000		County of Miami-Dade FL Aviation Revenue		3.505		10/01/25		2,593
	2,500,000		County of Miami-Dade FL Aviation Revenue		2.704		10/01/26		2,631
	3,940,000		County of Miami-Dade FL Aviation Revenue		3.049		10/01/26		4,218
	3,750,000		County of Miami-Dade FL Aviation Revenue		3.612		10/01/26		4,125
	4,700,000		County of Miami-Dade FL Aviation Revenue		2.529		10/01/30		4,682
	3,730,000		County of Miami-Dade FL Aviation Revenue		3.732		10/01/37		3,896
	3,900,000		County of Miami-Dade FL Aviation Revenue		3.982		10/01/41		4,087
	9,160,000		County of Miami-Dade FL Aviation Revenue		4.280		10/01/41		9,859
	2,000,000		Duke University		3.199		10/01/38		2,110
	5,080,000		Illinois Finance Authority		3.944		08/15/47		5,443
	4,805,000		Los Angeles County Redevelopment Refunding Authority Redev Agency Successor Agy		3.375		09/01/35		5,050
	500,000		New Jersey Economic Development Authority		3.700		06/15/21		503
	1,110,000		New Jersey Economic Development Authority		3.800		07/01/22		1,143

342

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	870,000		New York City Housing Development Corp		3.403	%	05/01/22	$	899
	750,000		New York City Housing Development Corp		3.453		11/01/22		787
	1,360,000		New York City Housing Development Corp		3.523		05/01/23		1,448
	1,815,000		New York City Housing Development Corp		3.573		11/01/23		1,959
	1,000,000		New York City Housing Development Corp		3.650		05/01/24		1,094
	5,680,000		New York State Dormitory Authority		3.998		07/01/39		6,036
	10,605,000		New York State Dormitory Authority		4.294		07/01/44		11,637
	6,000,000		New York State Dormitory Authority		3.879		07/01/46		6,345
	5,000,000		New York State Thruway Authority		2.256		01/01/25		5,244
	6,460,000		New York State Thruway Authority		2.406		01/01/26		6,807
	4,750,000		New York State Thruway Authority		2.500		01/01/27		4,998
	2,000,000		Port of Corpus Christi Authority of Nueces County		3.138		12/01/22		2,089
	3,400,000		Port of Corpus Christi Authority of Nueces County		3.287		12/01/23		3,637
	1,500,000		Port of Corpus Christi Authority of Nueces County		3.387		12/01/24		1,633
	1,000,000		Port of Corpus Christi Authority of Nueces County		3.487		12/01/25		1,102
	1,910,000		Public Finance Authority		4.269		07/01/40		2,104
	6,000,000		San Francisco City & County Airport Comm-San Francisco International Airport		3.046		05/01/22		6,164
	6,360,000		San Jose Redevelopment Agency		3.375		08/01/34		6,792
	13,060,000		State of California		4.600		04/01/38		15,083
	12,500,000		State of Illinois		2.250		06/15/21		12,523
	10,500,000		State of Illinois		3.150		06/15/26		10,894
	12,500,000		State of Illinois		3.250		06/15/27		12,830
	27,150,000		State of Illinois		5.100		06/01/33		30,567
	9,700,000		State of Oregon Department of Administrative Services		4.103		05/01/39		10,386
	9,900,000		State of Wisconsin		3.154		05/01/27		10,869
	25,860,000		University of California		3.063		07/01/25		28,128
	10,230,000		University of California		4.601		05/15/31		11,912
	17,045,000		University of California		3.931		05/15/45		18,655
	21,000,000		University of Chicago		4.151		10/01/45		22,022
	7,620,000		University of Massachusetts Building Authority		3.097		11/01/35		8,032
	13,000,000		University of Massachusetts Building Authority		3.434		11/01/40		13,879
	20,000,000		University of New Mexico		3.532		06/20/32		21,156
	500,000		Utah Municipal Power Agency		2.023		07/01/21		501
	1,750,000		Utah Municipal Power Agency		2.262		07/01/22		1,781
	1,500,000		Utah Municipal Power Agency		2.512		07/01/23		1,551
	2,160,000		Virginia Port Authority		4.228		07/01/36		2,268
	390,000		Washington Convention & Sports Authority		3.969		10/01/30		393
			TOTAL MUNICIPAL BONDS						416,971
U.S. TREASURY SECURITIES - 5.8%
	4,500,000	e	United States Treasury Bond		4.750		02/15/37		6,154
	22,750,000		United States Treasury Bond		3.500		02/15/39		27,280
	12,050,000		United States Treasury Bond		3.875		08/15/40		15,193
	19,135,000		United States Treasury Bond		4.375		05/15/41		25,774
	16,434,000		United States Treasury Bond		3.750		08/15/41		20,438
	6,000,000		United States Treasury Bond		2.750		11/15/42		6,430
	35,680,000		United States Treasury Bond		3.000		05/15/45		39,772
	41,710,000		United States Treasury Bond		2.875		08/15/45		45,542
	52,140,000		United States Treasury Bond		2.500		05/15/46		53,134
	1,075,000		United States Treasury Bond		3.000		05/15/47		1,203
	30,710,000		United States Treasury Bond		2.750		11/15/47		32,835
	6,155,000		United States Treasury Bond		3.125		05/15/48		7,059

343

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	51,995,000		United States Treasury Bond		3.000	%	08/15/48	$	58,348
	20,120,000		United States Treasury Bond		3.375		11/15/48		24,164
	31,732,812	k	United States Treasury Inflation Indexed Bonds		0.500		04/15/24		34,396
	39,285,000		United States Treasury Note		0.125		08/31/22		39,285
	23,505,000		United States Treasury Note		0.125		10/31/22		23,502
	19,250,000		United States Treasury Note		0.125		01/31/23		19,241
	79,581,000		United States Treasury Note		0.250		11/15/23		79,541
	46,950,000		United States Treasury Note		0.250		03/15/24		46,825
	2,205,000		United States Treasury Note		0.250		10/31/25		2,147
	26,955,000		United States Treasury Note		0.750		03/31/26		26,721
	45,875,000		United States Treasury Note		0.500		10/31/27		43,450
	80,555,000		United States Treasury Note		0.625		11/30/27		76,817
	7,625,000		United States Treasury Note		0.625		12/31/27		7,261
	300,000		United States Treasury Note		1.125		02/29/28		295
	17,040,000	e	United States Treasury Note		1.125		02/15/31		16,100
	10,000,000		United States Treasury Note		1.125		08/15/40		8,131
	9,930,000		United States Treasury Note		1.250		05/15/50		7,494
	20,270,000		United States Treasury Note		1.375		08/15/50		15,817
	6,685,000		United States Treasury Note		1.625		11/15/50		5,570
	10,000,000		United States Treasury Note		1.875		02/15/51		8,863
			TOTAL U.S. TREASURY SECURITIES						824,782
			TOTAL GOVERNMENT BONDS						5,444,451
			(Cost $5,319,190)
STRUCTURED ASSETS - 16.3%
ASSET BACKED - 8.2%
	5,000,000	g,i	AGL CLO 7 Ltd		2.041		07/15/31		5,011
			Series - 2020 7A (Class A1)
	7,500,000	g,i	AIMCO CLO Ltd		1.605		10/15/31		7,514
			Series - 2020 11A (Class A1)
	8,000,000	g,i	AIMCO CLO Ltd		1.776		01/17/32		8,001
			Series - 2020 12A (Class B)
	3,000,000	g,i	AIMCO CLO Series		1.484		07/20/29		3,000
			Series - 2017 AA (Class A)
	7,500,000	g,h,i	AIMCO CLO Series		0.000		04/20/34		7,501
			Series - 2017 AA (Class BR)
	2,000,000	g,i	Allegany Park CLO Ltd		1.554		01/20/33		2,003
			Series - 2019 1A (Class A)
	10,000,000		AmeriCredit Automobile Receivables Trust		1.110		08/19/24		10,079
			Series - 2020 1 (Class A3)
	5,500,000		AmeriCredit Automobile Receivables Trust		0.660		12/18/24		5,521
			Series - 2020 2 (Class A3)
	4,120,000		AmeriCredit Automobile Receivables Trust		2.130		03/18/26		4,242
			Series - 2020 2 (Class D)
	6,190,000		AmeriCredit Automobile Receivables Trust		1.490		09/18/26		6,218
			Series - 2020 3 (Class D)
	2,121,964	g	AMSR Trust		1.819		04/17/37		2,147
			Series - 2020 SFR1 (Class A)
	3,499,000	g	AMSR Trust		3.148		01/19/39		3,634
			Series - 2019 SFR1 (Class C)
	3,347,000	g	AMSR Trust		3.247		01/19/39		3,463
			Series - 2019 SFR1 (Class D)

344

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	74,236	†,g	Asset Backed Funding Corp NIM Trust		5.900	%	07/26/35	$	0	^
			Series - 2005 WMC1 (Class N1)
	1,707,141	i	Asset Backed Securities Corp Home Equity Loan Trust		3.386		08/25/34		1,669
			Series - 2004 HE5 (Class M1)
	8,000,000	g	Avis Budget Rental Car Funding AESOP LLC		3.450		03/20/23		8,178
			Series - 2019 1A (Class A)
	12,000,000	g	Avis Budget Rental Car Funding AESOP LLC		3.070		09/20/23		12,381
			Series - 2017 1A (Class A)
	32,000,000	g	Avis Budget Rental Car Funding AESOP LLC		2.970		03/20/24		33,312
			Series - 2017 2A (Class A)
	17,600,000		BA Credit Card Trust		1.740		01/15/25		17,955
			Series - 2019 A1 (Class A1)
	4,745,000	i	Bayview Financial Mortgage Pass-Through Trust		1.084		02/28/41		4,738
			Series - 2006 A (Class M3)
	4,257,784	i	Bear Stearns Asset Backed Securities Trust		1.114		04/25/36		4,248
			Series - 2006 SD1 (Class M1)
	3,384,305	g	BRE Grand Islander Timeshare Issuer LLC		3.280		09/26/33		3,543
			Series - 2019 A (Class A)
	7,355,104	g	Capital Automotive REIT		3.660		10/15/44		7,365
			Series - 2014 1A (Class A)
	6,419,155	g	Capital Automotive REIT		3.870		04/15/47		6,430
			Series - 2017 1A (Class A1)
	12,658,733	g	Capital Automotive REIT		2.690		02/15/50		13,086
			Series - 2020 1A (Class A1)
	7,550,000		CarMax Auto Owner Trust		1.890		12/16/24		7,719
			Series - 2020 1 (Class A3)
	9,975,000	g	Cars Net Lease Mortgage Notes Series		2.010		12/15/50		9,802
			Series - 2020 1A (Class A1)
	27,000,000	g,i	Cayuga Park CLO, Ltd.		1.823		07/17/31		27,043
			Series - 2020 1A (Class A)
	1,286,638	i	C-BASS Trust		0.189		07/25/36		1,248
			Series - 2006 CB6 (Class A1)
	18,228,636	g	CF Hippolyta LLC		1.690		07/15/60		18,365
			Series - 2020 1 (Class A1)
	5,450,986	g	CF Hippolyta LLC		1.990		07/15/60		5,404
			Series - 2020 1 (Class A2)
	3,120,819	g	CF Hippolyta LLC		2.280		07/15/60		3,173
			Series - 2020 1 (Class B1)
	20,000,000	g	CF Hippolyta LLC		1.530		03/15/61		19,927
			Series - 2021 1A (Class A1)
	4,750,000	g	CF Hippolyta LLC		1.980		03/15/61		4,736
			Series - 2021 1A (Class B1)
	428,194	i	Chase Funding Mortgage Loan Asset-Backed Certificates		5.700		02/26/35		441
			Series - 2004 2 (Class 1M2)
	50,500,000		Chase Issuance Trust		1.530		01/15/25		51,622
			Series - 2020 A1 (Class A1)
	1,500,000	g,i	CIFC Funding Ltd		1.444		07/20/30		1,501
			Series - 2017 3A (Class A1)
	2,000,000	g,i	CIFC Funding Ltd		1.823		11/16/30		2,000
			Series - 2017 5A (Class A2)
	11,750,000	g,i	CIFC Funding Ltd		1.874		08/24/32		11,789
			Series - 2020 2A (Class A1)

345

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	183,716		CIT Group Home Equity Loan Trust (Step Bond)		6.200	%	02/25/30	$	188
			Series - 2002 1 (Class AF6)
	9,487,571	g	Corevest American Finance Trust		1.832		03/15/50		9,641
			Series - 2020 1 (Class A1)
	18,560,950	g	DB Master Finance LLC		3.629		11/20/47		18,899
			Series - 2017 1A (Class A2I)
	4,728,000	g	DB Master Finance LLC		3.787		05/20/49		4,824
			Series - 2019 1A (Class A2I)
	8,185,350	g	DB Master Finance LLC		4.021		05/20/49		8,656
			Series - 2019 1A (Class A2II)
	2,956,514	g	Diamond Resorts Owner Trust		3.700		01/21/31		3,087
			Series - 2018 1 (Class A)
	7,582,594	g	Diamond Resorts Owner Trust		2.890		02/20/32		7,825
			Series - 2019 1A (Class A)
	38,872,750	g	Domino’s Pizza Master Issuer LLC		3.082		07/25/47		38,935
			Series - 2017 1A (Class A2II)
	3,800,000	g,h,i	Dryden 49 Senior Loan Fund		0.000		07/18/30		3,800
			Series - 2017 49A (Class BR)
	5,920,000	g,i	Dryden 50 Senior Loan Fund		1.461		07/15/30		5,921
			Series - 2017 50A (Class A1)
	4,000,000	g	DT Auto Owner Trust		0.840		10/15/26		3,989
			Series - 2021 1A (Class C)
	2,570,671	g,i	Ellington Loan Acquisition Trust		1.209		05/25/37		2,575
			Series - 2007 2 (Class A2C)
	9,917,947	g	FNA VI LLC		1.350		01/10/32		9,903
			Series - 2021 1A (Class A)
	6,000,000	g	Ford Credit Auto Owner Trust		2.620		08/15/28		6,118
			Series - 2017 1 (Class A)
	17,050,000	g	Ford Credit Auto Owner Trust		2.360		03/15/29		17,537
			Series - 2017 2 (Class A)
	12,000,000		Ford Credit Floorplan Master Owner Trust		2.230		09/15/24		12,319
			Series - 2019 3 (Class A1)
	9,750,000		GM Financial Automobile Leasing Trust		1.670		12/20/22		9,845
			Series - 2020 1 (Class A3)
	10,100,000		GM Financial Consumer Automobile Receivables Trust		1.840		09/16/24		10,254
			Series - 2020 1 (Class A3)
	2,000,000	g,i	GoldenTree Loan Opportunities IX Ltd		1.322		10/29/29		2,001
			Series - 2014 9A (Class AR2)
	4,000,000	g	GSCG Trust		2.936		09/06/34		4,107
			Series - 2019 600C (Class A)
	444,745	g	HERO Funding Trust		3.280		09/20/48		458
			Series - 2017 2A (Class A1)
	889,490	g	HERO Funding Trust		4.070		09/20/48		917
			Series - 2017 2A (Class A2)
	831,578	g	Hertz Vehicle Financing II LP		3.710		03/25/23		835
			Series - 2019 1A (Class A)
	2,439,033	g	Hertz Vehicle Financing II LP		3.290		02/25/24		2,446
			Series - 2018 1A (Class A)
	789,005	g	Hertz Vehicle Financing II LP		3.420		05/25/25		791
			Series - 2019 2A (Class A)
	1,579,047	g	Hertz Vehicle Financing LLC		4.030		07/25/24		1,586
			Series - 2018 3A (Class A)

346

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	3,289,654	g	Hilton Grand Vacations Trust		2.660	%	12/26/28	$	3,374
			Series - 2017 AA (Class A)
	2,837,326	g	Hilton Grand Vacations Trust		2.960		12/26/28		2,890
			Series - 2017 AA (Class B)
	6,532,113	g	Hilton Grand Vacations Trust		2.340		07/25/33		6,734
			Series - 2019 AA (Class A)
	653,764	i	Home Equity Asset Trust		3.986		06/25/33		660
			Series - 2003 1 (Class M1)
	11,035,000		Honda Auto Receivables Owner Trust		1.830		01/18/24		11,219
			Series - 2019 4 (Class A3)
	399,921	g,i	Invitation Homes Trust		1.556		06/17/37		400
			Series - 2018 SFR2 (Class D)
	1,500,000	g,i	Invitation Homes Trust		1.358		01/17/38		1,507
			Series - 2018 SFR4 (Class B)
	2,700,000	g,i	Invitation Homes Trust		1.758		01/17/38		2,716
			Series - 2018 SFR4 (Class D)
	5,414,619	g	JG Wentworth XXII LLC		3.820		12/15/48		5,666
			Series - 2010 3A (Class A)
	4,807,683	i	JP Morgan Mortgage Acquisition Trust		0.429		03/25/37		4,761
			Series - 2007 CH3 (Class A1B)
	15,241,913	i	JP Morgan Mortgage Acquisition Trust		0.269		06/25/37		14,994
			Series - 2007 CH5 (Class A1)
	5,000,000	g,i	KKR Clo 32 Ltd		0.000		01/15/32		5,008
			Series - 2020 32A (Class B)
	1,821,429	g	Laurel Road Prime Student Loan Trust		0.720		11/25/50		1,822
			Series - 2020 A (Class A1FX)
	12,500,000	g,i	Madison Park Funding X Ltd		1.800		01/20/29		12,500
			Series - 2012 10A (Class BR3)
	530,000	g,i	Magnetite XVIII Ltd		1.694		11/15/28		529
			Series - 2016 18A (Class BR)
	1,222,230	g	MVW Owner Trust		2.520		12/20/32		1,228
			Series - 2015 1A (Class A)
	2,768,361	g	MVW Owner Trust		2.420		12/20/34		2,829
			Series - 2017 1A (Class A)
	3,139,077	g	MVW Owner Trust		3.450		01/21/36		3,255
			Series - 2018 1A (Class A)
	3,352,622	g	MVW Owner Trust		2.890		11/20/36		3,439
			Series - 2019 1A (Class A)
	11,428,417	g	MVW Owner Trust		2.220		10/20/38		11,656
			Series - 2019 2A (Class A)
	7,192,107	g	Navient Private Education Refi Loan Trust		1.310		01/15/69		7,237
			Series - 2020 HA (Class A)
	3,500,000	g	Navient Private Education Refi Loan Trust		2.780		01/15/69		3,428
			Series - 2020 HA (Class B)
	11,608,638	g	Navient Private Education Refi Loan Trust		0.840		05/15/69		11,571
			Series - 2021 A (Class A)
	4,368,693	g	Navient Student Loan Trust		3.390		12/15/59		4,606
			Series - 2019 BA (Class A2A)
	8,600,000	g,h,i	Neuberger Berman Loan Advisers CLO 31 Ltd		0.000		04/20/31		8,600
			Series - 2019 31A (Class BR)
	19,500,000	g,i	Octagon Investment Partners 46 Ltd		1.891		07/15/33		19,533
			Series - 2020 2A (Class A)
	9,500,000	g,i	OHA Credit Funding 7 Ltd		1.475		10/19/32		9,509
			Series - 2020 7A (Class A)

347

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	17,005,000	g	OneMain Financial Issuance Trust		3.840	%	05/14/32	$	17,841
			Series - 2020 1A (Class A)
	17,350,000	g	OneMain Financial Issuance Trust		1.750		09/14/35		17,387
			Series - 2020 2A (Class A)
	5,000,000	g	Oportun Funding XIV LLC		1.210		03/08/28		4,998
			Series - 2021 A (Class A)
	946,929	g	Orange Lake Timeshare Trust		3.100		11/08/30		976
			Series - 2018 A (Class A)
	6,250,000	g	PFS Financing Corp		0.930		08/15/24		6,286
			Series - 2020 F (Class A)
	20,500,000	g	PFS Financing Corp		1.270		06/15/25		20,777
			Series - 2020 A (Class A)
	9,000,000	g	PFS Financing Corp		1.000		10/15/25		9,054
			Series - 2020 E (Class A)
	9,861,000	g	PFS Financing Corp		0.970		02/15/26		9,900
			Series - 2020 G (Class A)
	2,809,000	g	Progress Residential Trust		2.937		10/17/36		2,856
			Series - 2019 SFR4 (Class B)
	2,552,237	i	RASC Trust		3.080		08/25/35		2,553
			Series - 2005 KS8 (Class M4)
	12,653	i	Renaissance Home Equity Loan Trust		0.989		08/25/33		12
			Series - 2003 2 (Class A)
	15,420,000		Santander Drive Auto Receivables Trust		2.220		09/15/26		15,825
			Series - 2020 2 (Class D)
	3,690,000		Santander Drive Auto Receivables Trust		1.480		01/15/27		3,712
			Series - 2020 4 (Class D)
	25,000,000	g	SERVPRO Master Issuer LLC		2.394		04/25/51		24,697
			Series - 2021 1A (Class A2)
	1,697,993	g	Sierra Timeshare Receivables Funding LLC		2.430		10/20/33		1,710
			Series - 2016 3A (Class A)
	1,006,218	g	Sierra Timeshare Receivables Funding LLC		2.630		10/20/33		1,010
			Series - 2016 3A (Class B)
	5,332,817	g	Sierra Timeshare Receivables Funding LLC		2.910		03/20/34		5,414
			Series - 2017 1A (Class A)
	2,458,381	g	Sierra Timeshare Receivables Funding LLC		3.200		03/20/34		2,486
			Series - 2017 1A (Class B)
	2,873,961	g	Sierra Timeshare Receivables Funding LLC		3.500		06/20/35		2,985
			Series - 2018 2A (Class A)
	3,277,518	g	Sierra Timeshare Receivables Funding LLC		3.200		01/20/36		3,398
			Series - 2019 1A (Class A)
	5,040,005	g	Sierra Timeshare Receivables Funding LLC		2.590		05/20/36		5,170
			Series - 2019 2A (Class A)
	3,114,115	g	Sierra Timeshare Receivables Funding LLC		2.340		08/20/36		3,192
			Series - 2019 3A (Class A)
	4,450,000	g	Sierra Timeshare Receivables Funding LLC		0.990		11/20/37		4,439
			Series - 2021 1A (Class A)
	4,825,000	g	Sierra Timeshare Receivables Funding LLC		1.340		11/20/37		4,813
			Series - 2021 1A (Class B)
	2,675,000	g	Sierra Timeshare Receivables Funding LLC		1.790		11/20/37		2,679
			Series - 2021 1A (Class C)
	951,771	g	SMB Private Education Loan Trust		2.490		06/15/27		962
			Series - 2015 A (Class A2A)
	2,211,208	g	SMB Private Education Loan Trust		2.750		07/15/27		2,242
			Series - 2015 C (Class A2A)

348

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	6,171,334	g	SMB Private Education Loan Trust		2.430	%	02/17/32	$	6,318
			Series - 2016 B (Class A2A)
	9,256,847	g	SMB Private Education Loan Trust		2.880		09/15/34		9,646
			Series - 2017 A (Class A2A)
	9,763,257	g	SMB Private Education Loan Trust		2.820		10/15/35		10,125
			Series - 2017 B (Class A2A)
	4,227,735	g	SMB Private Education Loan Trust		3.500		02/15/36		4,452
			Series - 2018 A (Class A2A)
	5,098,200	g	SoFi Professional Loan Program LLC		2.340		04/25/33		5,193
			Series - 2016 D (Class A2B)
	3,166,147	g	SoFi Professional Loan Program LLC		2.490		01/25/36		3,200
			Series - 2016 E (Class A2B)
	888,522	g	SoFi Professional Loan Program LLC		2.760		12/26/36		901
			Series - 2016 A (Class A2)
	1,712,480	g	SoFi Professional Loan Program LLC		2.400		03/26/40		1,734
			Series - 2017 A (Class A2B)
	4,662,870	g	SoFi Professional Loan Program LLC		2.740		05/25/40		4,745
			Series - 2017 B (Class A2FX)
	1,671,006	g	SoFi Professional Loan Program LLC		2.630		07/25/40		1,698
			Series - 2017 C (Class A2B)
	6,457,745	g	SoFi Professional Loan Program LLC		2.720		11/26/40		6,561
			Series - 2017 E (Class A2B)
	8,214,161	g	SoFi Professional Loan Program LLC		2.840		01/25/41		8,407
			Series - 2017 F (Class A2FX)
	15,598,058	g	SoFi Professional Loan Program LLC		2.950		02/25/42		15,915
			Series - 2018 A (Class A2B)
	8,086,440	g	SoFi Professional Loan Program LLC		2.060		05/15/46		8,133
			Series - 2020 A (Class A1FX)
	5,024,540	g	SoFi Professional Loan Program LLC		3.690		06/15/48		5,242
			Series - 2019 A (Class A2FX)
	8,452,307	g	SpringCastle America Funding LLC		1.970		09/25/37		8,518
			Series - 2020 AA (Class A)
	9,021,000	g	SpringCastle America Funding LLC		2.660		09/25/37		9,068
			Series - 2020 AA (Class B)
	9,000,000	g	Stack Infrastructure Issuer LLC		1.893		08/25/45		9,022
			Series - 2020 1A (Class A2)
	5,875,000	†,g	Stack Infrastructure Issuer LLC		1.877		03/26/46		5,829
			Series - 2021 1A (Class A2)
	170,298	i	Structured Asset Investment Loan Trust		1.009		09/25/34		165
			Series - 2004 8 (Class M1)
	813,501	i	Structured Asset Investment Loan Trust		1.109		09/25/34		811
			Series - 2004 8 (Class A9)
	7,000,000		Synchrony Credit Card Master Note Trust		2.620		10/15/25		7,246
			Series - 2017 2 (Class A)
	1,828,750	g	Taco Bell Funding LLC		4.970		05/25/46		1,982
			Series - 2016 1A (Class A23)
	16,715,250	g	Taco Bell Funding LLC		4.318		11/25/48		16,797
			Series - 2018 1A (Class A2I)
	10,500,000	g	Tesla Auto Lease Trust		2.160		10/20/22		10,687
			Series - 2019 A (Class A3)
	7,800,000	g	Tesla Auto Lease Trust		0.680		12/20/23		7,839
			Series - 2020 A (Class A3)
	2,300,000	g	Tesla Auto Lease Trust		0.780		12/20/23		2,315
			Series - 2020 A (Class A4)

349

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	258,120	g	TLF National Tax Lien Trust		3.090	%	12/15/29	$	260
			Series - 2017 1A (Class A)
	5,675,000		Toyota Auto Receivables Owner Trust		1.910		09/15/23		5,742
			Series - 2019 C (Class A3)
	16,800,000		Toyota Auto Receivables Owner Trust		1.660		05/15/24		17,081
			Series - 2020 A (Class A3)
	945,291	g	Tricon American Homes Trust		2.716		09/17/34		951
			Series - 2017 SFR1 (Class A)
	4,400,000	g	Tricon American Homes Trust		4.011		09/17/34		4,454
			Series - 2017 SFR1 (Class E)
	3,907,881	g	Tricon American Homes Trust		2.928		01/17/36		4,000
			Series - 2017 SFR2 (Class A)
	1,050,000	g	Tricon American Homes Trust		3.275		01/17/36		1,072
			Series - 2017 SFR2 (Class B)
	44,800,000		Verizon Owner Trust		1.850		07/22/24		45,699
			Series - 2020 A (Class A1A)
	440,000		Verizon Owner Trust		0.770		04/21/25		438
			Series - 2020 C (Class C)
	29,508,750	g	Wendys Funding LLC		3.573		03/15/48		30,332
			Series - 2018 1A (Class A2I)
	15,800,000		World Omni Auto Receivables Trust		1.700		01/17/23		16,084
			Series - 2020 A (Class A3)
			TOTAL ASSET BACKED						1,171,173
OTHER MORTGAGE BACKED - 8.1%
	3,000,000	g,i	20 Times Square Trust		3.100		05/15/35		2,997
			Series - 2018 20TS (Class B)
	12,000,000	g,i	20 TSQ GROUNDCO LLC		3.100		05/15/35		11,574
			Series - 2018 20TS (Class E)
	4,370,000	g,i	ACRE Commercial Mortgage Ltd		0.938		12/18/37		4,356
			Series - 2021 FL4 (Class A)
	794,778	g,i	Agate Bay Mortgage Trust		3.500		11/25/44		805
			Series - 2014 3 (Class A13)
	2,698,225	g,i	Agate Bay Mortgage Trust		3.500		09/25/45		2,731
			Series - 2015 6 (Class A9)
	882,311	i	Alternative Loan Trust		0.859		06/25/34		905
			Series - 2004 8CB (Class M1)
	1,144,277	i	Ameriquest Mortgage Securities		1.129		10/25/34		1,143
			Series - 2004 R9 (Class M3)
	2,500,000	i	BANK		4.071		11/15/50		2,618
			Series - 2017 BNK8 (Class C)
	3,800,000		BANK		3.203		12/15/52		4,024
			Series - 2019 BN23 (Class AS)
	2,000,000		BANK		2.758		09/15/62		2,068
			Series - 2019 BN20 (Class A2)
	8,000,000	i	BANK		3.283		11/15/62		8,558
			Series - 2019 BN24 (Class AS)
	3,850,000	g	BBCMS Mortgage Trust		3.821		09/05/32		3,826
			Series - 2013 TYSN (Class C)
	1,250,000	g,i	BBCMS Mortgage Trust		4.267		08/05/38		1,066
			Series - 2018 CHRS (Class E)
	5,000,000		BBCMS Mortgage Trust		3.488		02/15/50		5,402
			Series - 2017 C1 (Class ASB)

350

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	853,785	i	Bear Stearns Commercial Mortgage Securities Trust		5.117	%	02/11/41	$	848
			Series - 2005 PWR7 (Class B)
	2,000,000	g,i	Benchmark Mortgage Trust		2.791		09/15/48		2,003
			Series - 2020 IG2 (Class AM)
	2,500,000	g,i	Benchmark Mortgage Trust		3.131		09/15/48		2,570
			Series - 2020 IG3 (Class AS)
	2,500,000	g,i	Benchmark Mortgage Trust		3.536		09/15/48		2,611
			Series - 2020 IG3 (Class BXA)
	1,000,000	i	Benchmark Mortgage Trust		3.882		02/15/51		1,113
			Series - 2018 B2 (Class A5)
	1,445,000		Benchmark Mortgage Trust		4.232		01/15/52		1,643
			Series - 2018 B8 (Class A5)
	3,452,143		Benchmark Mortgage Trust		4.016		03/15/52		3,872
			Series - 2019 B9 (Class A5)
	1,500,000		Benchmark Mortgage Trust		3.419		08/15/52		1,600
			Series - 2019 B12 (Class AS)
	830,000		Benchmark Mortgage Trust		4.241		05/15/53		935
			Series - 2018 B7 (Class A3)
	5,921,744	i	Benchmark Mortgage Trust		4.510		05/15/53		6,826
			Series - 2018 B7 (Class A4)
	2,500,000		Benchmark Mortgage Trust		3.231		12/15/72		2,655
			Series - 2019 B15 (Class AS)
	1,881,022	g,i	BX Commercial Mortgage Trust		1.026		10/15/36		1,882
			Series - 2019 XL (Class A)
	7,698,000	i	CCUBS Commercial Mortgage Trust		3.462		11/15/50		8,373
			Series - 2017 C1 (Class ASB)
	5,167,000		CD Mortgage Trust		2.622		08/10/49		5,428
			Series - 2016 CD1 (Class ASB)
	9,000,000		CD Mortgage Trust		2.926		08/10/49		9,409
			Series - 2016 CD1 (Class AM)
	5,750,000	i	CD Mortgage Trust		3.879		11/10/49		6,047
			Series - 2016 CD2 (Class B)
	1,000,000	i	CD Mortgage Trust		4.023		11/10/49		1,017
			Series - 2016 CD2 (Class C)
	1,000,000		CD Mortgage Trust		3.453		02/10/50		1,078
			Series - 2017 CD3 (Class AAB)
	500,000	i	CD Mortgage Trust		4.559		02/10/50		512
			Series - 2017 CD3 (Class C)
	5,000,000		CD Mortgage Trust		3.220		08/15/50		5,385
			Series - 2017 CD5 (Class AAB)
	3,457,000		CD Mortgage Trust		2.812		08/15/57		3,687
			Series - 2019 CD8 (Class ASB)
	927,914		CFCRE Commercial Mortgage Trust		3.121		05/10/58		972
			Series - 2016 C4 (Class AHR)
	879,181	i	CHL Mortgage Pass-Through Trust		2.675		02/20/35		890
			Series - 2004 HYB9 (Class 1A1)
	2,500,000	g,i	Citigroup Commercial Mortgage Trust		3.518		05/10/35		2,594
			Series - 2013 375P (Class B)
	5,750,000	g	Citigroup Commercial Mortgage Trust		3.341		05/10/36		6,090
			Series - 2019 PRM (Class A)
	917,000	i	Citigroup Commercial Mortgage Trust		3.732		04/10/46		951
			Series - 2013 GC11 (Class B)
	2,400,000		Citigroup Commercial Mortgage Trust		4.023		03/10/47		2,588
			Series - 2014 GC19 (Class A4)

351

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	2,953,086		Citigroup Commercial Mortgage Trust		3.371	%	10/10/47	$	3,078
			Series - 2014 GC25 (Class AAB)
	1,700,000	i	Citigroup Commercial Mortgage Trust		3.758		04/10/48		1,787
			Series - 2015 GC29 (Class B)
	3,000,000	i	Citigroup Commercial Mortgage Trust		4.151		04/10/48		3,158
			Series - 2015 GC29 (Class C)
	5,300,000		Citigroup Commercial Mortgage Trust		3.243		08/15/50		5,717
			Series - 2017 B1 (Class AAB)
	6,765,000		Citigroup Commercial Mortgage Trust		3.764		10/12/50		7,350
			Series - 2017 C4 (Class AS)
	2,000,000		Citigroup Commercial Mortgage Trust		3.778		09/10/58		2,197
			Series - 2015 GC33 (Class A4)
	650,000	i	Citigroup Mortgage Loan Trust		0.859		01/25/36		648
			Series - 2006 WFH1 (Class M4)
	5,000,000	g	COMM Mortgage Trust		3.244		10/10/29		5,197
			Series - 2017 PANW (Class A)
	2,000,000	i	COMM Mortgage Trust		4.219		07/10/45		2,137
			Series - 2013 CR9 (Class A4)
	3,727,236		COMM Mortgage Trust		2.853		10/15/45		3,822
			Series - 2012 CR4 (Class A3)
	1,140,000	g	COMM Mortgage Trust		3.147		03/10/46		1,181
			Series - 2013 CR6 (Class AM)
	3,359,721	g,i	COMM Mortgage Trust		3.950		06/10/46		3,501
			Series - 2013 CR8 (Class B)
	2,000,000	g,i	COMM Mortgage Trust		4.790		08/10/46		2,148
			Series - 2013 CR10 (Class B)
	4,000,000	g,i	COMM Mortgage Trust		4.790		08/10/46		4,241
			Series - 2013 CR10 (Class C)
	3,000,000		COMM Mortgage Trust		4.199		03/10/47		3,232
			Series - 2014 UBS2 (Class AM)
	750,000		COMM Mortgage Trust		4.174		05/10/47		811
			Series - 2014 CR17 (Class AM)
	9,131,817		COMM Mortgage Trust		3.917		10/10/47		9,978
			Series - 2014 LC17 (Class A5)
	5,000,000	i	COMM Mortgage Trust		4.188		10/10/47		5,444
			Series - 2014 LC17 (Class AM)
	1,300,000	i	COMM Mortgage Trust		4.490		10/10/47		1,424
			Series - 2014 LC17 (Class B)
	800,979	i	COMM Mortgage Trust		3.829		02/10/48		853
			Series - 2015 LC19 (Class B)
	1,000,000	g	COMM Mortgage Trust		3.000		03/10/48		786
			Series - 2015 CR22 (Class E)
	1,445,000		COMM Mortgage Trust		3.309		03/10/48		1,556
			Series - 2015 CR22 (Class A5)
	3,382,775	i	COMM Mortgage Trust		3.603		03/10/48		3,649
			Series - 2015 CR22 (Class AM)
	1,805,000	i	COMM Mortgage Trust		4.106		03/10/48		1,921
			Series - 2015 CR22 (Class C)
	7,150,000		COMM Mortgage Trust		3.801		05/10/48		7,733
			Series - 2015 CR23 (Class AM)
	4,000,000	i	COMM Mortgage Trust		4.183		05/10/48		4,310
			Series - 2015 CR23 (Class B)
	2,549,000	i	COMM Mortgage Trust		4.293		05/10/48		2,711
			Series - 2015 CR23 (Class C)

352

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	4,157,128		COMM Mortgage Trust		3.421	%	07/10/48	$	4,383
			Series - 2015 LC21 (Class ASB)
	1,500,000	i	COMM Mortgage Trust		3.463		08/10/48		1,350
			Series - 2015 CR24 (Class D)
	2,550,000		COMM Mortgage Trust		3.696		08/10/48		2,801
			Series - 2015 CR24 (Class A5)
	5,000,000	i	COMM Mortgage Trust		4.028		08/10/48		5,465
			Series - 2015 CR24 (Class AM)
	2,000,000	i	COMM Mortgage Trust		4.380		08/10/48		2,190
			Series - 2015 CR24 (Class B)
	1,467,000	i	COMM Mortgage Trust		4.380		08/10/48		1,561
			Series - 2015 CR24 (Class C)
	1,352,000		COMM Mortgage Trust		3.612		10/10/48		1,479
			Series - 2015 CR27 (Class A4)
	3,212,210		COMM Mortgage Trust		3.630		10/10/48		3,512
			Series - 2015 CR26 (Class A4)
	1,575,000		COMM Mortgage Trust		3.774		10/10/48		1,732
			Series - 2015 LC23 (Class A4)
	1,375,000	i	COMM Mortgage Trust		4.480		10/10/48		1,517
			Series - 2015 CR26 (Class B)
	1,039,263		COMM Mortgage Trust		3.651		02/10/49		1,113
			Series - 2016 CR28 (Class AHR)
	4,650,000	i	COMM Mortgage Trust		4.641		02/10/49		5,094
			Series - 2016 CR28 (Class B)
	1,500,000	i	COMM Mortgage Trust		5.112		08/10/50		1,619
			Series - 2013 CR11 (Class B)
	6,500,000		COMM Mortgage Trust		3.263		08/15/57		6,851
			Series - 2019 GC44 (Class AM)
	16,080,282	i	Connecticut Avenue Securities		2.709		05/25/24		15,810
			Series - 2014 C02 (Class 1M2)
	565,019	i	Connecticut Avenue Securities		3.009		07/25/24		570
			Series - 2014 C03 (Class 2M2)
	9,976,654	i	Connecticut Avenue Securities		3.109		07/25/24		9,836
			Series - 2014 C03 (Class 1M2)
	1,227,839	i	Connecticut Avenue Securities		5.109		11/25/24		1,239
			Series - 2014 C04 (Class 2M2)
	790,088	i	Connecticut Avenue Securities		5.659		04/25/28		833
			Series - 2015 C04 (Class 2M2)
	1,318,182	i	Connecticut Avenue Securities		5.809		04/25/28		1,398
			Series - 2015 C04 (Class 1M2)
	4,055,998	i	Connecticut Avenue Securities		6.859		08/25/28		4,290
			Series - 2016 C01 (Class 1M2)
	3,653,727	i	Connecticut Avenue Securities		6.109		09/25/28		3,849
			Series - 2016 C02 (Class 1M2)
	2,650,668	i	Connecticut Avenue Securities		6.009		10/25/28		2,803
			Series - 2016 C03 (Class 2M2)
	2,866,330	i	Connecticut Avenue Securities		4.559		01/25/29		2,982
			Series - 2016 C05 (Class 2M2)
	2,210,149	i	Connecticut Avenue Securities		4.359		04/25/29		2,301
			Series - 2016 C06 (Class 1M2)
	2,956,923	i	Connecticut Avenue Securities		0.959		09/25/29		2,887
			Series - 2017 C02 (Class 2ED4)
	2,726,546	i	Connecticut Avenue Securities		1.459		09/25/29		2,731
			Series - 2017 C02 (Class 2ED3)

353

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	1,084,388	i	Connecticut Avenue Securities		2.309	%	01/25/30	$	1,085
			Series - 2017 C05 (Class 1M2A)
	895,414	i	Connecticut Avenue Securities		2.309		01/25/30		904
			Series - 2017 C05 (Class 1M2)
	2,562,682	i	Connecticut Avenue Securities		2.359		07/25/30		2,564
			Series - 2018 C01 (Class 1M2)
	2,210,003	i	Connecticut Avenue Securities		0.959		10/25/30		2,196
			Series - 2018 C03 (Class 1EA2)
	1,920,570	i	Connecticut Avenue Securities		2.659		12/25/30		1,924
			Series - 2018 C04 (Class 2M2)
	601,067	g,i	Connecticut Avenue Securities		2.559		07/25/31		602
			Series - 2019 R01 (Class 2M2)
	946,959	g,i	Connecticut Avenue Securities		2.209		09/25/39		948
			Series - 2019 R06 (Class 2M2)
	1,240,000	g,i	Connecticut Avenue Securities		2.109		01/25/40		1,236
			Series - 2020 R02 (Class 2M2)
	2,000,000	g,i	CPT Mortgage Trust		2.997		11/13/39		1,916
			Series - 2019 CPT (Class E)
	7,400,000	g,i	Credit Suisse Commercial Mortgage Trust		3.728		11/10/32		7,879
			Series - 2017 CALI (Class B)
	2,236,991	g,i	Credit Suisse Commercial Mortgage Trust		0.759		05/25/36		2,239
			Series - 2006 CF2 (Class M3)
	8,574,244	g,i	Credit Suisse Commercial Mortgage Trust		3.500		02/25/48		8,704
			Series - 2018 J1 (Class A11)
	1,910,000	g,i	Credit Suisse Mortgage Capital Certificates		1.706		05/15/36		1,911
			Series - 2019 ICE4 (Class D)
	4,270,400	g,i	CSMC Series		3.388		10/25/59		4,327
			Series - 2019 NQM1 (Class M1)
	9,250,000		DBGS Mortgage Trust		4.466		10/15/51		10,609
			Series - 2018 C1 (Class A4)
	11,000,000		DBJPM Mortgage Trust		2.756		08/10/49		11,564
			Series - 2016 C3 (Class ASB)
	10,000,000		DBJPM Mortgage Trust		3.121		06/10/50		10,741
			Series - 2017 C6 (Class ASB)
	5,300,000		DBJPM Mortgage Trust		2.340		09/15/53		5,184
			Series - 2020 C9 (Class AM)
	17,410,000	g	DBUBS Mortgage Trust		3.452		10/10/34		18,559
			Series - 2017 BRBK (Class A)
	15,500,000	g,i	DBUBS Mortgage Trust		3.530		10/10/34		16,456
			Series - 2017 BRBK (Class B)
	7,118,418	g	DBUBS Mortgage Trust		4.537		07/10/44		7,132
			Series - 2011 LC2A (Class A4)
	3,100,000	g,i	DBUBS Mortgage Trust		4.998		07/10/44		3,104
			Series - 2011 LC2A (Class B)
	5,000,000	g,i	DBUBS Mortgage Trust		5.615		07/10/44		5,002
			Series - 2011 LC2A (Class C)
	5,009,890	g,i	DBUBS Mortgage Trust		5.351		08/10/44		5,008
			Series - 2011 LC3A (Class AM)
	2,084,000	g,i	DBUBS Mortgage Trust		5.351		08/10/44		2,088
			Series - 2011 LC3A (Class B)
	2,051,000	g,i	Ellington Financial Mortgage Trust		3.587		06/25/59		2,056
			Series - 2019 1 (Class M1)
	1,878,721	i	Fieldstone Mortgage Investment Trust		0.844		12/25/35		1,872
			Series - 2005 2 (Class M2)

354

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	1,073,619	g,i	FirstKey Mortgage Trust		3.500	%	11/25/44	$	1,093
			Series - 2014 1 (Class A8)
	470,336	g,i	Flagstar Mortgage Trust		3.500		03/25/47		470
			Series - 2017 1 (Class 1A5)
	2,541,460	g,i	Flagstar Mortgage Trust		4.106		10/25/47		2,635
			Series - 2017 2 (Class B3)
	832,212	g,i	Flagstar Mortgage Trust		4.000		09/25/48		841
			Series - 2018 5 (Class A11)
	678,906	g,i	Freddie Mac Structured Agency Credit Risk Debt Notes		3.726		02/25/48		679
			Series - 2018 SPI1 (Class M2)
	750,000	g,i	FREMF Mortgage Trust		4.021		03/25/49		825
			Series - 2016 K53 (Class B)
	5,943,000	g	GS Mortgage Securities Corp II		3.551		04/10/34		6,028
			Series - 2012 ALOH (Class A)
	4,430,000	g	GS Mortgage Securities Corp II		2.954		11/05/34		4,479
			Series - 2012 BWTR (Class A)
	1,350,000	i	GS Mortgage Securities Corp II		3.777		05/10/50		1,450
			Series - 2015 GC30 (Class AS)
	8,220,000	i	GS Mortgage Securities Corp II		3.992		03/10/51		9,200
			Series - 2018 GS9 (Class A4)
	3,500,000	i	GS Mortgage Securities Corp II		4.155		07/10/51		3,944
			Series - 2018 GS10 (Class A5)
	2,000,000	g,i	GS Mortgage Securities Trust		1.556		07/15/31		1,976
			Series - 2018 TWR (Class C)
	1,174,438		GS Mortgage Securities Trust		3.206		02/10/48		1,226
			Series - 2015 GC28 (Class AAB)
	2,816,500		GS Mortgage Securities Trust		3.396		02/10/48		3,035
			Series - 2015 GC28 (Class A5)
	2,000,000	i	GS Mortgage Securities Trust		4.018		07/10/48		2,189
			Series - 2015 GC32 (Class AS)
	3,085,810		GS Mortgage Securities Trust		3.278		10/10/48		3,250
			Series - 2015 GC34 (Class AAB)
	110,548		GS Mortgage Securities Trust		2.635		05/10/49		111
			Series - 2016 GS2 (Class A2)
	2,000,000		GS Mortgage Securities Trust		3.143		10/10/49		2,117
			Series - 2016 GS3 (Class AS)
	2,000,000		GS Mortgage Securities Trust		3.674		03/10/50		2,204
			Series - 2017 GS5 (Class A4)
	4,150,000	i	GS Mortgage Securities Trust		3.826		03/10/50		4,516
			Series - 2017 GS5 (Class AS)
	1,750,000	i	GS Mortgage Securities Trust		4.047		03/10/50		1,893
			Series - 2017 GS5 (Class B)
	12,000,000		GS Mortgage Securities Trust		3.230		05/10/50		12,858
			Series - 2017 GS6 (Class AAB)
	6,000,000		GS Mortgage Securities Trust		3.433		05/10/50		6,517
			Series - 2017 GS6 (Class A3)
	3,000,000		GS Mortgage Securities Trust		3.837		11/10/50		3,306
			Series - 2017 GS8 (Class ABP)
	1,374,000	i	GS Mortgage Securities Trust		4.336		11/10/50		1,432
			Series - 2017 GS8 (Class C)
	3,145,000		GS Mortgage Securities Trust		3.968		02/10/52		3,519
			Series - 2019 GC38 (Class A4)

355

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	2,800,000	i	GS Mortgage Securities Trust		4.158	%	02/10/52	$	3,111
			Series - 2019 GC38 (Class AS)
	2,000,000	g,i	GS Mortgage Securities Trust		3.550		07/10/52		2,066
			Series - 2019 GC40 (Class DBC)
	2,500,000	i	GS Mortgage Securities Trust		3.173		02/13/53		2,647
			Series - 2020 GC45 (Class AS)
	2,432,491	g,i	GS Mortgage-Backed Securities Corp Trust		4.000		11/25/49		2,446
			Series - 2019 PJ2 (Class A4)
	931,205	g,i	GS Mortgage-Backed Securities Corp Trust		4.000		11/25/49		938
			Series - 2019 PJ2 (Class A1)
	436,182	g,i	GS Mortgage-Backed Securities Corp Trust		3.500		07/25/50		440
			Series - 2020 PJ2 (Class A4)
	2,720,654	i	HarborView Mortgage Loan Trust		0.730		08/19/45		2,723
			Series - 2005 11 (Class 2A1A)
	6,000,000	g	Hudson Yards Mortgage Trust		2.835		08/10/38		6,301
			Series - 2016 10HY (Class A)
	7,250,000	g,i	Hudson Yards Mortgage Trust		2.977		08/10/38		7,502
			Series - 2016 10HY (Class C)
	2,500,000	g,i	Hudson Yards Mortgage Trust		2.977		08/10/38		2,619
			Series - 2016 10HY (Class B)
	5,500,000	g,i	Hudson Yards Mortgage Trust		2.943		12/10/41		5,395
			Series - 2019 55HY (Class D)
	2,750,000	g,i	Hudson Yards Mortgage Trust		2.943		12/10/41		2,622
			Series - 2019 55HY (Class E)
	447,155	i	Impac CMB Trust		0.769		03/25/35		457
			Series - 2004 11 (Class 2A1)
	833,069	g	JP Morgan Chase Commercial Mortgage Securities Corp		4.717		02/15/46		832
			Series - 2011 C3 (Class A4)
	10,975,000	g,i	JP Morgan Chase Commercial Mortgage Securities Corp		5.360		02/15/46		9,876
			Series - 2011 C3 (Class C)
	14,325,580	g	JP Morgan Chase Commercial Mortgage Securities Corp		4.801		07/15/46		14,326
			Series - 2011 C4 (Class B)
	6,455,000	g,i	JP Morgan Chase Commercial Mortgage Securities Corp		5.419		07/15/46		6,456
			Series - 2011 C4 (Class C)
	2,800,000		JP Morgan Chase Commercial Mortgage Securities Corp		3.372		12/15/47		2,909
			Series - 2013 C10 (Class AS)
	1,780,000		JP Morgan Chase Commercial Mortgage Securities Corp		3.914		01/15/49		1,974
			Series - 2015 JP1 (Class A5)
	750,000	i	JP Morgan Chase Commercial Mortgage Securities Corp		4.119		01/15/49		826
			Series - 2015 JP1 (Class AS)
	7,000,000		JP Morgan Chase Commercial Mortgage Securities Corp		2.713		08/15/49		7,339
			Series - 2016 JP2 (Class ASB)
	4,500,000		JP Morgan Chase Commercial Mortgage Securities Corp		3.379		09/15/50		4,753
			Series - 2017 JP7 (Class A3)

356

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	150,000	i	JP Morgan Chase Commercial Mortgage Securities Trust		4.078	%	01/15/46	$	159
			Series - 2013 C13 (Class AS)
	4,276,188	g,i	JP Morgan Mortgage Trust		2.124		12/25/44		4,373
			Series - 2015 1 (Class B1)
	571,076	g,i	JP Morgan Mortgage Trust		3.500		05/25/45		578
			Series - 2015 3 (Class A19)
	4,821,725	g,i	JP Morgan Mortgage Trust		3.500		10/25/45		4,873
			Series - 2015 6 (Class A13)
	1,077,670	g,i	JP Morgan Mortgage Trust		3.500		05/25/46		1,092
			Series - 2016 1 (Class A13)
	89,026	g,i	JP Morgan Mortgage Trust		3.500		01/25/47		89
			Series - 2017 1 (Class A3)
	1,432,529	g,i	JP Morgan Mortgage Trust		3.500		05/25/47		1,436
			Series - 2017 2 (Class A5)
	2,651,470	g,i	JP Morgan Mortgage Trust		3.500		05/25/47		2,691
			Series - 2017 2 (Class A13)
	1,922,338	g,i	JP Morgan Mortgage Trust		3.500		09/25/48		1,918
			Series - 2018 3 (Class A13)
	322,858	g,i	JP Morgan Mortgage Trust		3.500		10/25/48		323
			Series - 2018 4 (Class A5)
	648,320	g,i	JP Morgan Mortgage Trust		3.500		10/25/48		657
			Series - 2018 4 (Class A13)
	2,523,090	g,i	JP Morgan Mortgage Trust		3.500		10/25/48		2,561
			Series - 2018 5 (Class A13)
	1,517,647	g,i	JP Morgan Mortgage Trust		3.115		10/26/48		1,553
			Series - 2017 5 (Class A2)
	868,445	g,i	JP Morgan Mortgage Trust		4.000		01/25/49		888
			Series - 2018 8 (Class A13)
	2,666,322	g,i	JP Morgan Mortgage Trust		4.000		02/25/49		2,712
			Series - 2018 9 (Class A13)
	1,493,680	g,i	JP Morgan Mortgage Trust		4.000		05/25/49		1,519
			Series - 2019 1 (Class A3)
	2,458,965	g,i	JP Morgan Mortgage Trust		4.000		05/25/49		2,499
			Series - 2019 1 (Class A15)
	1,533,094	g,i	JP Morgan Mortgage Trust		4.757		09/25/49		1,620
			Series - 2019 3 (Class B1)
	4,883,893	g,i	JP Morgan Mortgage Trust		1.059		10/25/49		4,918
			Series - 2019 INV1 (Class A11)
	6,983,477	g,i	JP Morgan Mortgage Trust		3.889		06/25/50		7,303
			Series - 2020 1 (Class B2)
	1,000,000	i	JPMBB Commercial Mortgage Securities Trust		4.133		08/15/46		1,055
			Series - 2013 C14 (Class A4)
	1,350,000		JPMBB Commercial Mortgage Securities Trust		3.775		08/15/47		1,457
			Series - 2014 C21 (Class A5)
	5,000,000		JPMBB Commercial Mortgage Securities Trust		3.997		08/15/47		5,408
			Series - 2014 C21 (Class AS)
	2,000,000	i	JPMBB Commercial Mortgage Securities Trust		4.472		09/15/47		2,144
			Series - 2014 C23 (Class B)
	3,000,000		JPMBB Commercial Mortgage Securities Trust		3.898		02/15/48		3,152
			Series - 2015 C27 (Class B)
	2,556,000		JPMBB Commercial Mortgage Securities Trust		3.611		05/15/48		2,780
			Series - 2015 C29 (Class A4)

357

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	2,500,000	i	JPMBB Commercial Mortgage Securities Trust		3.917	%	05/15/48	$	2,718
			Series - 2015 C29 (Class AS)
	1,600,000	i	JPMBB Commercial Mortgage Securities Trust		4.118		05/15/48		1,666
			Series - 2015 C29 (Class B)
	3,500,000		JPMBB Commercial Mortgage Securities Trust		4.106		08/15/48		3,838
			Series - 2015 C31 (Class AS)
	9,125,000	i	JPMBB Commercial Mortgage Securities Trust		4.620		08/15/48		10,001
			Series - 2015 C31 (Class B)
	4,610,000		JPMBB Commercial Mortgage Securities Trust		3.576		03/15/49		5,036
			Series - 2016 C1 (Class A5)
	4,750,000		JPMCC Commercial Mortgage Securities Trust		3.457		03/15/50		5,154
			Series - 2017 JP5 (Class A4)
	1,220,000		JPMCC Commercial Mortgage Securities Trust		3.549		03/15/50		1,319
			Series - 2017 JP5 (Class ASB)
	3,000,000		JPMDB Commercial Mortgage Securities Trust		3.694		03/15/50		3,305
			Series - 2017 C5 (Class A5)
	9,000,000		JPMDB Commercial Mortgage Securities Trust		2.536		05/13/53		9,044
			Series - 2020 COR7 (Class AS)
	3,497,680	g	Ladder Capital Commercial Mortgage Securities		3.575		02/15/36		3,744
			Series - 2013 GCP (Class A1)
	5,000,000	g	Ladder Capital Commercial Mortgage Securities		3.357		07/12/50		5,393
			Series - 2017 LC26 (Class ASB)
	7,250,000	g	Liberty Street Trust		3.597		02/10/36		7,869
			Series - 2016 225L (Class A)
	4,000,000	g,i	MAD Mortgage Trust		2.976		08/15/34		4,164
			Series - 2017 330M (Class A)
	1,500,000	g,i	Manhattan West		2.335		09/10/39		1,504
			Series - 2020 1MW (Class B)
	3,000,000	g,i	Manhattan West		2.335		09/10/39		2,979
			Series - 2020 1MW (Class C)
	825,972	i	Merrill Lynch Mortgage Investors Trust		2.278		01/25/37		798
			Series - 2006 WMC1 (Class A1B)
	1,203,061		Morgan Stanley Bank of America Merrill Lynch Trust		2.469		02/15/46		1,223
			Series - 2013 C7 (Class AAB)
	2,847,110	g	Morgan Stanley Bank of America Merrill Lynch Trust		3.989		12/15/46		2,982
			Series - 2014 C19 (Class LNC1)
	938,092	g	Morgan Stanley Bank of America Merrill Lynch Trust		4.384		12/15/46		980
			Series - 2014 C19 (Class LNC2)
	4,650,000		Morgan Stanley Bank of America Merrill Lynch Trust		3.832		12/15/47		5,007
			Series - 2014 C19 (Class AS)
	1,600,000		Morgan Stanley Bank of America Merrill Lynch Trust		3.605		02/15/48		1,713
			Series - 2015 C20 (Class AS)
	2,500,000		Morgan Stanley Bank of America Merrill Lynch Trust		3.338		03/15/48		2,680
			Series - 2015 C21 (Class A4)
	5,500,000		Morgan Stanley Bank of America Merrill Lynch Trust		3.652		03/15/48		5,903
			Series - 2015 C21 (Class AS)

358

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	3,000,000		Morgan Stanley Bank of America Merrill Lynch Trust		3.561	%	04/15/48	$	3,198
			Series - 2015 C22 (Class AS)
	750,084	i	Morgan Stanley Capital I Trust		0.934		08/25/34		743
			Series - 2004 HE6 (Class M1)
	2,795,000	i	Morgan Stanley Capital I Trust		3.779		05/15/48		3,067
			Series - 2015 MS1 (Class A4)
	618,786	†,i	Morgan Stanley Capital I Trust		6.099		12/12/49		349
			Series - 2007 IQ16 (Class AJ)
	422,091	†,i	Morgan Stanley Capital I Trust		6.099		12/12/49		238
			Series - 2007 IQ16 (Class AJFX)
	6,000,000		Morgan Stanley Capital I Trust		3.304		06/15/50		6,434
			Series - 2017 H1 (Class ASB)
	1,458,000		Morgan Stanley Capital I Trust		3.587		12/15/50		1,598
			Series - 2017 HR2 (Class A4)
	8,750,000		Morgan Stanley Capital I Trust		4.177		07/15/51		9,792
			Series - 2018 H3 (Class A5)
	2,840,000	i	Morgan Stanley Capital I Trust		4.429		07/15/51		3,204
			Series - 2018 H3 (Class AS)
	5,027,114		Morgan Stanley Capital I Trust		4.310		12/15/51		5,723
			Series - 2018 H4 (Class A4)
	3,000,000	g,i	MSDB Trust		3.316		07/11/39		3,157
			Series - 2017 712F (Class A)
	1,200,000	g,i	Natixis Commercial Mortgage Securities Trust		3.790		11/15/32		1,241
			Series - 2018 285M (Class A)
	15,010,000	g,i	Natixis Commercial Mortgage Securities Trust		1.606		07/15/36		15,054
			Series - 2019 MILE (Class A)
	5,000,000	g,i	Natixis Commercial Mortgage Securities Trust		1.906		07/15/36		5,008
			Series - 2019 MILE (Class B)
	5,000,000	g,i	Natixis Commercial Mortgage Securities Trust		2.856		07/15/36		5,000
			Series - 2019 MILE (Class D)
	5,000,000	g	Natixis Commercial Mortgage Securities Trust		2.507		10/15/36		5,105
			Series - 2019 1776 (Class A)
	2,000,000	g	Natixis Commercial Mortgage Securities Trust		2.966		12/15/38		2,073
			Series - 2020 2PAC (Class A)
	398,453	g,i	New Residential Mortgage Loan Trust		3.750		05/28/52		421
			Series - 2015 1A (Class A3)
	103,338	g,i	New Residential Mortgage Loan Trust		4.000		08/27/57		111
			Series - 2017 6A (Class A1)
	698,483	i	New York Mortgage Trust		0.589		02/25/36		700
			Series - 2005 3 (Class A1)
	1,667,829	g,i	OBX Trust		0.759		06/25/57		1,671
			Series - 2018 1 (Class A2)
	1,120,924	g,i	OBX Trust		0.859		07/25/58		1,121
			Series - 2018 EXP2 (Class 2A1A)
	69,429	g	Prima Capital CRE Securitization Ltd		2.550		08/24/49		69
			Series - 2015 4A (Class MR-A)
	2,000,000	g	RBS Commercial Funding, Inc Trust		3.511		03/11/31		2,011
			Series - 2013 SMV (Class B)
	1,368,774	g,i	Sequoia Mortgage Trust		3.500		05/25/45		1,393
			Series - 2015 2 (Class A1)
	1,228,238	g,i	Sequoia Mortgage Trust		3.500		06/25/46		1,245
			Series - 2016 1 (Class A19)

359

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	536,158	g,i	Sequoia Mortgage Trust		3.500	%	11/25/46	$	540
			Series - 2016 3 (Class A10)
	1,415,781	g,i	Sequoia Mortgage Trust		3.500		02/25/47		1,420
			Series - 2017 2 (Class A4)
	343,259	g,i	Sequoia Mortgage Trust		3.500		02/25/47		348
			Series - 2017 2 (Class A19)
	1,219,881	g,i	Sequoia Mortgage Trust		3.500		04/25/47		1,223
			Series - 2017 3 (Class A4)
	109,584	g,i	Sequoia Mortgage Trust		3.500		04/25/47		111
			Series - 2017 3 (Class A19)
	52,520	g,i	Sequoia Mortgage Trust		3.500		09/25/47		53
			Series - 2017 6 (Class A4)
	2,264,741	g,i	Sequoia Mortgage Trust		3.749		09/25/47		2,399
			Series - 2017 6 (Class B1)
	863,949	g,i	Sequoia Mortgage Trust		3.500		02/25/48		880
			Series - 2018 2 (Class A1)
	163,009	g,i	Sequoia Mortgage Trust		3.500		02/25/48		166
			Series - 2018 2 (Class A19)
	3,417,981	g,i	Sequoia Mortgage Trust		3.500		03/25/48		3,483
			Series - 2018 3 (Class A1)
	77,644	g,i	Sequoia Mortgage Trust		3.500		03/25/48		78
			Series - 2018 3 (Class A4)
	442,838	g,i	Sequoia Mortgage Trust		4.000		09/25/48		450
			Series - 2018 7 (Class A19)
	493,960	g,i	Sequoia Mortgage Trust		4.000		11/25/48		499
			Series - 2018 8 (Class A19)
	3,249,621	g,i	Sequoia Mortgage Trust		4.000		06/25/49		3,309
			Series - 2019 2 (Class A1)
	1,022,426	g,i	Sequoia Mortgage Trust		4.000		06/25/49		1,036
			Series - 2019 2 (Class A19)
	5,542,041	g,i	Sequoia Mortgage Trust		3.500		11/25/49		5,606
			Series - 2019 4 (Class A1)
	3,850,343	g,i	Sequoia Mortgage Trust		3.500		12/25/49		3,887
			Series - 2019 5 (Class A19)
	6,668,244	g,i	Sequoia Mortgage Trust		3.500		12/25/49		6,732
			Series - 2019 5 (Class A1)
	5,919,054	g,i	Sequoia Mortgage Trust		3.500		03/25/50		6,074
			Series - 2020 2 (Class A1)
	11,949,684	g,i	Sequoia Mortgage Trust		3.000		04/25/50		12,221
			Series - 2020 3 (Class A19)
	476,861	g,i	Shellpoint Co-Originator Trust		3.500		11/25/46		479
			Series - 2016 1 (Class 1A10)
	1,129,075	g,i	Shellpoint Co-Originator Trust		3.500		04/25/47		1,145
			Series - 2017 1 (Class A19)
	84,828	i	Structured Agency Credit Risk Debt Note (STACR)		4.259		01/25/25		85
			Series - 2015 DN1 (Class M3)
	4,417,043	i	STACR		4.759		10/25/28		4,622
			Series - 2016 DNA2 (Class M3)
	13,115,989	i	STACR		3.359		07/25/29		13,478
			Series - 2017 DNA1 (Class M2)
	1,498,435	i	STACR		1.309		10/25/29		1,500
			Series - 2017 DNA2 (Class M1)
	935,474	i	STACR		1.909		07/25/30		929
			Series - 2018 DNA1 (Class M2)

360

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	1,124,712	g,i	STACR		4.489	%	11/25/48	$	1,123
			Series - 2018 SPI4 (Class M2)
	2,439,767	g,i	STACR		2.059		10/25/49		2,437
			Series - 2019 DNA4 (Class M2)
	2,183,353	g,i	STACR		2.159		11/25/49		2,183
			Series - 2019 HQA4 (Class M2)
	1,524,776	g,i	STACR		1.809		12/25/49		1,520
			Series - 2020 DNA1 (Class M2)
	3,400,000	g,i	STACR		1.959		02/25/50		3,387
			Series - 2020 DNA2 (Class M2)
	7,181,169	g,i	STACR		3.209		03/25/50		7,262
			Series - 2020 HQA2 (Class M2)
	601,449	g,i	STACR		1.209		07/27/50		602
			Series - 2020 HQA2 (Class M1)
GBP	350,000	g,i	Taurus UK DAC		1.349		05/17/31		483
			Series - 2021 UK1A (Class B)
	510,000	g,i	Taurus UK DAC		1.699		05/17/31		704
			Series - 2021 UK1A (Class C)
$	1,275,000	g	Tricon American Homes		2.049		07/17/38		1,267
			Series - 2020 SFR1 (Class B)
	12,548,000		UBS Commercial Mortgage Trust		3.256		06/15/50		13,450
			Series - 2017 C1 (Class ASB)
	2,000,000		UBS Commercial Mortgage Trust		3.366		10/15/50		2,161
			Series - 2017 C4 (Class ASB)
	4,000,000		UBS-Barclays Commercial Mortgage Trust		2.850		12/10/45		4,122
			Series - 2012 C4 (Class A5)
	3,356,853	g	VERUS A3 (Step Bond)		1.733		05/25/65		3,358
			Series - 2020 5 (Class A3)
	4,000,000	g,i	Verus Securitization Trust		3.781		05/25/59		3,955
			Series - 2019 2 (Class M1)
	2,150,000	g,i	Verus Securitization Trust		3.139		07/25/59		2,153
			Series - 2019 3 (Class M1)
	1,112,758	g	VSE VOI Mortgage LLC		2.540		07/20/33		1,120
			Series - 2016 A (Class A)
	853,144	g	VSE VOI Mortgage LLC		2.740		07/20/33		859
			Series - 2016 A (Class B)
	3,276,096	g	VSE VOI Mortgage LLC		2.330		03/20/35		3,338
			Series - 2017 A (Class A)
	8,200,000		Wells Fargo Commercial Mortgage Trust		3.539		10/15/45		8,493
			Series - 2012 LC5 (Class AS)
	1,740,030		Wells Fargo Commercial Mortgage Trust		3.405		12/15/47		1,880
			Series - 2014 LC18 (Class A5)
	990,000		Wells Fargo Commercial Mortgage Trust		3.406		05/15/48		1,055
			Series - 2015 NXS1 (Class AS)
	2,000,000	i	Wells Fargo Commercial Mortgage Trust		3.658		05/15/48		2,106
			Series - 2015 NXS1 (Class B)
	2,566,000		Wells Fargo Commercial Mortgage Trust		3.637		06/15/48		2,803
			Series - 2015 C29 (Class A4)
	10,000,000		Wells Fargo Commercial Mortgage Trust		2.788		07/15/48		10,470
			Series - 2016 C35 (Class ASB)
	64,018		Wells Fargo Commercial Mortgage Trust		1.321		08/15/49		64
			Series - 2016 BNK1 (Class A1)

361

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	15,000,000		Wells Fargo Commercial Mortgage Trust		2.514	%	08/15/49	$	15,674
			Series - 2016 BNK1 (Class ASB)
	15,000,000		Wells Fargo Commercial Mortgage Trust		2.825		10/15/49		15,762
			Series - 2016 LC24 (Class ASB)
	9,266,759		Wells Fargo Commercial Mortgage Trust		2.749		03/15/50		9,387
			Series - 2017 RB1 (Class A2)
	7,500,000		Wells Fargo Commercial Mortgage Trust		3.446		03/15/50		8,097
			Series - 2017 RB1 (Class ASB)
	872,111		Wells Fargo Commercial Mortgage Trust		3.635		03/15/50		959
			Series - 2017 RB1 (Class A5)
	2,000,000		Wells Fargo Commercial Mortgage Trust		3.757		03/15/50		2,184
			Series - 2017 RB1 (Class AS)
	1,825,000		Wells Fargo Commercial Mortgage Trust		3.184		04/15/50		1,959
			Series - 2015 LC20 (Class A5)
	15,000,000		Wells Fargo Commercial Mortgage Trust		3.261		07/15/50		16,084
			Series - 2017 C38 (Class ASB)
	10,000,000		Wells Fargo Commercial Mortgage Trust		3.212		09/15/50		10,773
			Series - 2017 C39 (Class ASB)
	4,710,000		Wells Fargo Commercial Mortgage Trust		4.302		01/15/52		5,350
			Series - 2018 C48 (Class A5)
	4,000,000	i	Wells Fargo Commercial Mortgage Trust		3.767		07/15/58		4,391
			Series - 2015 NXS2 (Class A5)
	1,000,000	i	Wells Fargo Commercial Mortgage Trust		4.293		07/15/58		1,091
			Series - 2015 NXS2 (Class B)
	3,800,000		Wells Fargo Commercial Mortgage Trust		3.560		01/15/59		4,151
			Series - 2016 C32 (Class A4)
	6,000,000		Wells Fargo Commercial Mortgage Trust		3.749		03/15/59		6,508
			Series - 2016 C33 (Class AS)
	650,000		Wells Fargo Commercial Mortgage Trust		2.933		11/15/59		686
			Series - 2016 C36 (Class ASB)
	1,269,553	g,i	Wells Fargo Mortgage Backed Securities Trust		4.000		04/25/49		1,285
			Series - 2019 2 (Class A17)
	7,720,811	g,i	Wells Fargo Mortgage Backed Securities Trust		3.500		09/25/49		7,895
			Series - 2019 4 (Class A1)
	8,105,344	g,i	WFRBS Commercial Mortgage Trust		4.902		06/15/44		8,139
			Series - 2011 C4 (Class A4)
	1,770,000		WFRBS Commercial Mortgage Trust		3.345		05/15/45		1,846
			Series - 2013 C13 (Class AS)
	4,075,308	i	WFRBS Commercial Mortgage Trust		4.079		03/15/46		4,378
			Series - 2013 UBS1 (Class A4)
	1,050,000	i	WFRBS Commercial Mortgage Trust		4.162		12/15/46		1,138
			Series - 2013 C18 (Class A5)
	2,185,281		WFRBS Commercial Mortgage Trust		3.995		05/15/47		2,367
			Series - 2014 C20 (Class A5)
	3,865,000		WFRBS Commercial Mortgage Trust		3.607		11/15/47		4,168
			Series - 2014 C24 (Class A5)
	8,000,000		WFRBS Commercial Mortgage Trust		3.560		03/15/48		8,353
			Series - 2013 C12 (Class AS)
	541,594	g,i	WinWater Mortgage Loan Trust		3.854		06/20/44		549
			Series - 2014 1 (Class B4)
			TOTAL OTHER MORTGAGE BACKED						1,153,365
			TOTAL STRUCTURED ASSETS						2,324,538
			(Cost $2,288,743)
			TOTAL BONDS						13,606,516
			(Cost $13,265,847)

362

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

								VALUE
SHARES			COMPANY					(000)
COMMON STOCKS - 0.0%
TELECOMMUNICATION SERVICES - 0.0%
	52,000	*	Oi S.A. (ADR)					$	86
			TOTAL TELECOMMUNICATION SERVICES						86
			TOTAL COMMON STOCKS						86
			(Cost $462)
PREFERRED STOCKS - 0.2%
BANKS - 0.2%
	328,800		Bank of America Corp						8,220
	470,597	*,e	Federal Home Loan Mortgage Corp						2,372
	1,527,061	*	Federal National Mortgage Association						8,475
	208,000	*	JPMorgan Chase & Co						5,329
			TOTAL BANKS						24,396
			TOTAL PREFERRED STOCKS						24,396
			(Cost $63,411)
PRINCIPAL			ISSUER	RATE			MATURITY DATE
SHORT-TERM INVESTMENTS - 14.6%
GOVERNMENT AGENCY DEBT - 7.5%
$	10,000,000		Federal Agricultural Mortgage Corp (FAMC)		0.080	%	04/29/21		10,000
	10,000,000		FAMC		0.020		07/27/21		9,999
	25,000,000		FAMC		0.070		12/15/21		24,991
	20,000,000		Federal Farm Credit Bank (FFCB)		0.030		04/08/21		20,000
	5,000,000		FFCB		0.010		04/28/21		5,000
	15,000,000		FFCB		0.100		07/26/21		14,999
	15,000,000		FFCB		0.090		08/31/21		14,998
	24,000,000		FFCB		0.060		01/25/22		23,990
	33,334,000		FFCB		0.080		02/15/22		33,316
	30,548,000		Federal Home Loan Bank (FHLB)		0.025-0.026		04/07/21		30,548
	24,000,000		FHLB		0.085		04/09/21		24,000
	25,000,000		FHLB		0.085		04/13/21		25,000
	98,383,000		FHLB		0.039-0.085		04/14/21		98,383
	88,765,000		FHLB		0.010-0.080		04/16/21		88,765
	24,000,000		FHLB		0.010		04/21/21		24,000
	13,624,000		FHLB		0.010-0.040		04/23/21		13,624
	10,000,000		FHLB		0.025		05/07/21		10,000
	67,700,000		FHLB		0.039-0.100		05/12/21		67,699
	13,600,000		FHLB		0.015		05/14/21		13,600
	65,766,000		FHLB		0.012-0.090		05/19/21		65,765
	4,669,000		FHLB		0.015		05/26/21		4,669

363

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	52,622,000		FHLB		0.020-0.100	%	06/16/21	$	52,620
	18,900,000		FHLB		0.015-0.023		06/18/21		18,899
	50,000,000		FHLB		0.022		06/28/21		49,997
	76,165,000		FHLB		0.086-0.087		07/09/21		76,159
	32,000,000		FHLB		0.090		07/21/21		31,997
	37,750,000		FHLB		0.079		07/30/21		37,747
	25,000,000		FHLB		0.050		08/06/21		24,997
	57,733,000		FHLB		0.050		08/11/21		57,726
	40,000,000		FHLB		0.054		08/13/21		39,996
	10,000,000		FHLB		0.060		09/01/21		9,998
	20,000,000		FHLB		0.058		09/08/21		19,997
	5,193,000		FHLB		0.025		09/17/21		5,192
	20,317,000		FHLB		0.100		01/03/22		20,309
			TOTAL GOVERNMENT AGENCY DEBT						1,068,980
TREASURY DEBT - 6.9%
EGP	28,100,000		Egypt Treasury Bill		12.269		09/14/21		1,687
	49,700,000		Egypt Treasury Bill		12.654		11/16/21		2,921
UAH	16,000,000		Ukraine Treasury Bill		0.000		10/27/21		544
$	80,000,000		United States Cash Management Bill		0.030-0.086		06/15/21		79,999
	55,145,000		United States Cash Management Bill		0.088-0.090		06/22/21		55,143
	37,191,000		United States Cash Management Bill		0.040		07/06/21		37,190
	50,000,000		United States Cash Management Bill		0.045		07/13/21		49,998
	50,000,000		United States Cash Management Bill		0.052		07/20/21		49,997
	20,878,000		United States Treasury Bill		0.037		04/06/21		20,878
	165,635,000		United States Treasury Bill		0.027-0.035		04/08/21		165,635
	78,760,000		United States Treasury Bill		0.081-0.086		04/20/21		78,759
	50,000,000		United States Treasury Bill		0.097		04/22/21		50,000
	50,000,000		United States Treasury Bill		0.078		04/27/21		49,999
	30,000,000		United States Treasury Bill		0.097		04/29/21		30,000
	21,949,000		United States Treasury Bill		0.020		05/06/21		21,949
	100,000,000		United States Treasury Bill		0.030-0.075		05/20/21		99,998
	38,730,000		United States Treasury Bill		0.031-0.041		05/27/21		38,729
	20,000,000		United States Treasury Bill		0.032		06/01/21		20,000
	51,017,000		United States Treasury Bill		0.078-0.092		06/03/21		51,016
	25,000,000		United States Treasury Bill		0.082		07/01/21		24,998
	50,000,000		United States Treasury Bill		0.086		07/08/21		49,997
			TOTAL TREASURY DEBT						979,437
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.2%
	35,109,397	c	State Street Navigator Securities Lending Government Money Market Portfolio		0.030				35,109
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						35,109
			TOTAL SHORT-TERM INVESTMENTS						2,083,526
			(Cost $2,083,402)
			TOTAL INVESTMENTS - 111.2%						15,818,799
			(Cost $15,518,072)
			OTHER ASSETS & LIABILITIES, NET - (11.2)%						(1,595,624	)
			NET ASSETS - 100.0%					$	14,223,175

364

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

	Abbreviation(s):
ADR	American Depositary Receipt
AUD	Australian Dollar
CAD	Canadian Dollar
CLP	Chilean Peso
CNY	Chinese Yuan
DOP	Dominican Republic Peso
EGP	Egyptian Pound
EUR	Euro
GBP	Pound Sterling
IDR	Indonesian Rupiah
ILS	Israeli New Shekel
JPY	Japanese Yen
KRW	South Korean Won
KZT	Kazakhstani Tenge
LIBOR	London Interbank Offered Rate
M	Month
MXN	Mexican Peso
MYR	Malaysian Ringgit
NOK	Norwegian Krone
NZD	New Zealand Dollar
PEN	Peruvian Sol
PLN	Polish Zloty
REIT	Real Estate Investment Trust
RON	Romanian Leu
RSD	Serbian Dinar
RUB	Russian Ruble
SEK	Swedish Krona
THB	Thai Baht
UAH	Ukrainian Hryvnia
UGX	Ugandan shilling
UYU	Uruguayan Peso
W	Week
ZAR	South African Rand
*	Non-income producing
^	Amount represents less than $1,000.
†	Security is categorized as Level 3 in the fair value hierarchy.
‡	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 $35,346,186.
g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At 3/31/21, the aggregate value of these securities is $2,756,783,982 or 19.4% of net assets.
h	All or a portion of these securities were purchased on a delayed delivery basis.
i	Floating or variable rate security 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.
o	Payment in Kind Bond
q	In default
	Cost amounts are in thousands.

365

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

Futures contracts outstanding as of March 31, 2021 were as follows (notional amounts and values are in thousands):

Description	Number of long (short) contracts			Expiration date	Notional amount			Value			Unrealized appreciation (depreciation)
Chicago Board of Trade		(500	)	06/21/21	$	(72,773	)	$	(71,844	)	$	929

Forward foreign currency contracts outstanding as of March 31, 2021 were as follows (dollar amounts are in thousands):

Currency to be purchased	Receive	Currency to be sold	Deliver	Counterparty	Settlement date	Unrealized appreciation (depreciation)
$	3,772	EUR	3,096	Australia and New Zealand Banking Group	04/22/21	$	140
$	581	EUR	478	Australia and New Zealand Banking Group	04/30/21		21
$	555	EUR	460	Australia and New Zealand Banking Group	04/30/21		15
$	2,242	EUR	1,884	Australia and New Zealand Banking Group	04/30/21		31
$	3,010	NZD	4,084	Australia and New Zealand Banking Group	04/30/21		158
$	1,321	THB	41,287	Australia and New Zealand Banking Group	04/30/21		(0	)^
Total						$	365
$	95,826	EUR	78,935	Bank of America	04/30/21	$	3,200
EUR	46	$	54	Bank of America	04/30/21		(1	)
NZD	1,522	$	1,098	Bank of America	04/30/21		(35	)
Total						$	3,164
$	5,095	KRW	5,785,265	Citibank N.A.	04/30/21	$	(36	)
$	5,114	AUD	6,463	Morgan Stanley	04/30/21	$	204
$	23,158	GBP	16,414	Morgan Stanley	04/30/21		528
$	1,392	ILS	4,636	Morgan Stanley	04/30/21		5
$	3,991	NOK	33,603	Morgan Stanley	04/30/21		62
$	438	ZAR	6,566	Morgan Stanley	04/30/21		(5	)
Total						$	794
$	6,842	CAD	8,574	Toronto Dominion Bank	04/30/21	$	19
$	15,136	CNY	99,400	Toronto Dominion Bank	04/30/21		26
$	684	EUR	566	Toronto Dominion Bank	04/30/21		20
$	560	EUR	469	Toronto Dominion Bank	04/30/21		9
$	1,139	EUR	961	Toronto Dominion Bank	04/30/21		12
$	556	EUR	460	Toronto Dominion Bank	04/30/21		16
$	551	EUR	456	Toronto Dominion Bank	04/30/21		16
$	1,211	GBP	860	Toronto Dominion Bank	04/30/21		26
$	40,376	JPY	4,279,837	Toronto Dominion Bank	04/30/21		1,711
$	892	PLN	3,538	Toronto Dominion Bank	04/30/21		(3	)
$	737	SEK	6,107	Toronto Dominion Bank	04/30/21		37
EUR	418	$	496	Toronto Dominion Bank	04/30/21		(5	)
GBP	955	$	1,310	Toronto Dominion Bank	04/30/21		6
Total						$	1,890
Total						$	6,177

^Amount represents less than $1,000.

366

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

	Abbreviation(s):
AUD	Australian Dollar
CAD	Canadian Dollar
CNY	Chinese Yuan
EUR	Euro
GBP	Pound Sterling
ILS	Israeli New Shekel
JPY	Japanese Yen
KRW	South Korean Won
NOK	Norwegian Krone
NZD	New Zealand Dollar
PLN	Polish Zloty
SEK	Swedish Krona
THB	Thai Baht
ZAR	South African Rand

367

COLLEGE RETIREMENT EQUITIES FUND - Inflation-Linked Bond Account

COLLEGE RETIREMENT EQUITIES FUND

INFLATION-LINKED BOND ACCOUNT

SCHEDULE OF INVESTMENTS (unaudited)

March 31, 2021

PRINCIPAL			ISSUER	RATE		MATURITY DATE	VALUE (000)
GOVERNMENT BONDS - 99.8%
AGENCY SECURITIES - 0.4%
$	16,170,000		Montefiore Medical Center	2.895	%	04/20/32	$	17,532
	3,000,000		Private Export Funding Corp (PEFCO)	3.250		06/15/25		3,265
	3,289,474		Reliance Industries Ltd	2.444		01/15/26		3,438
	5,000,000		United States International Development Finance Corp	1.490		08/15/31		4,978
			TOTAL AGENCY SECURITIES					29,213
MORTGAGE BACKED - 2.7%
	21,308,646		Government National Mortgage Association (GNMA)	3.600		09/15/31		22,688
	10,577,764		GNMA	3.650		02/15/32		11,467
	2,337,647		GNMA	3.380		07/15/35		2,483
	3,026,994		GNMA	3.870		10/15/36		3,279
	39,569,859		GNMA	1.730		07/15/37		38,957
	58,274,327		GNMA	4.250		09/15/38		63,450
	24,972,242		GNMA	1.650		07/15/42		24,013
	26,812,946		GNMA	2.750		01/15/45		28,111
			TOTAL MORTGAGE BACKED					194,448
U.S. TREASURY SECURITIES - 96.7%
	87,798,609	k	United States Treasury Inflation Indexed Bonds	0.125		01/15/22		89,779
	262,949,970	k	United States Treasury Inflation Indexed Bonds	0.125		04/15/22		270,417
	332,103,280	k	United States Treasury Inflation Indexed Bonds	0.125		07/15/22		345,279
	344,465,440	k	United States Treasury Inflation Indexed Bonds	0.125		01/15/23		361,258
	249,551,520	k	United States Treasury Inflation Indexed Bonds	0.625		04/15/23		265,499
	252,311,060	k	United States Treasury Inflation Indexed Bonds	0.375		07/15/23		270,116
	156,089,503	k	United States Treasury Inflation Indexed Bonds	0.625		01/15/24		169,225
	211,552,080	k	United States Treasury Inflation Indexed Bonds	0.500		04/15/24		229,308
	158,065,250	k	United States Treasury Inflation Indexed Bonds	0.125		07/15/24		171,004
	175,848,225	k	United States Treasury Inflation Indexed Bonds	0.125		10/15/24		190,205
	179,992,750	k	United States Treasury Inflation Indexed Bonds	0.250		01/15/25		195,501
	273,706,140	k	United States Treasury Inflation Indexed Bonds	2.375		01/15/25		320,616
	164,034,720	k	United States Treasury Inflation Indexed Bonds	0.125		04/15/25		177,568
	207,345,200	k	United States Treasury Inflation Indexed Bonds	0.375		07/15/25		228,415
	271,656,000	k	United States Treasury Inflation Indexed Bonds	0.125		10/15/25		295,928
	161,807,310	k	United States Treasury Inflation Indexed Bonds	0.625		01/15/26		179,918
	218,517,552	k	United States Treasury Inflation Indexed Bonds	2.000		01/15/26		258,201
	161,487,240	k	United States Treasury Inflation Indexed Bonds	0.125		07/15/26		176,477
	227,916,770	k	United States Treasury Inflation Indexed Bonds	0.375		01/15/27		251,382
	124,765,628	k	United States Treasury Inflation Indexed Bonds	2.375		01/15/27		152,750
	123,492,600	k	United States Treasury Inflation Indexed Bonds	0.375		07/15/27		136,954
	217,897,815	k	United States Treasury Inflation Indexed Bonds	0.500		01/15/28		242,664
	215,232,780	k	United States Treasury Inflation Indexed Bonds	1.750		01/15/28		258,834
	114,853,107	k	United States Treasury Inflation Indexed Bonds	3.625		04/15/28		154,625
	133,369,600	k	United States Treasury Inflation Indexed Bonds	0.750		07/15/28		152,074
	195,769,980	k	United States Treasury Inflation Indexed Bonds	0.875		01/15/29		224,478
	143,625,780	k	United States Treasury Inflation Indexed Bonds	2.500		01/15/29		183,751
	206,970,588	k	United States Treasury Inflation Indexed Bonds	3.875		04/15/29		290,474
	191,205,630	k	United States Treasury Inflation Indexed Bonds	0.250		07/15/29		210,381

368

COLLEGE RETIREMENT EQUITIES FUND - Inflation-Linked Bond Account

PRINCIPAL			ISSUER	RATE		MATURITY DATE		VALUE (000)
$	157,568,350	k	United States Treasury Inflation Indexed Bonds	0.125	%	01/15/30	$	170,484
	124,963,475	k	United States Treasury Inflation Indexed Bonds	0.125		07/15/30		135,626
	75,354,750	k	United States Treasury Inflation Indexed Bonds	0.125		01/15/31		81,111
	64,835,000	k	United States Treasury Inflation Indexed Bonds	3.375		04/15/32		94,424
	24,201,600	k	United States Treasury Inflation Indexed Bonds	2.125		02/15/40		34,697
	15,068,850	k	United States Treasury Inflation Indexed Bonds	0.125		02/15/51		15,171
			TOTAL U.S. TREASURY SECURITIES					6,984,594
			TOTAL GOVERNMENT BONDS					7,208,255
			(Cost $6,576,090)
SHORT-TERM INVESTMENTS - 0.0%
GOVERNMENT AGENCY DEBT - 0.0%
	1,620,000		Federal Home Loan Bank (FHLB)	0.010		04/23/21		1,620
			TOTAL GOVERNMENT AGENCY DEBT					1,620
			TOTAL SHORT-TERM INVESTMENTS					1,620
			(Cost $1,620)
			TOTAL INVESTMENTS - 99.8%					7,209,875
			(Cost $6,577,710)
			OTHER ASSETS & LIABILITIES, NET - 0.2%					16,602
			NET ASSETS - 100.0%				$	7,226,477

k Principal amount for interest accrual purposes is periodically adjusted based on changes in the Consumer Price Index.

Cost amounts are in thousands.

Futures contracts outstanding as of March 31, 2021 were as follows (notional amounts and values are in thousands):
Description	Number of long (short) contracts		Expiration date	Notional amount			Value			Unrealized appreciation (depreciation)
Chicago Board of Trade	(75	)	06/21/21	$	(14,118	)	$	(13,591	)	$	527

369

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

COLLEGE RETIREMENT EQUITIES FUND

SOCIAL CHOICE ACCOUNT

SCHEDULE OF INVESTMENTS (unaudited)

March 31, 2021

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE (000)
BANK LOAN OBLIGATIONS - 0.0%
MATERIALS - 0.0%
$	44,269	†,h,i	CarbonLite P LLC	LIBOR 1 M + 12.000%		12.000	%	09/05/21	$	44
			TOTAL MATERIALS							44
TECHNOLOGY HARDWARE & EQUIPMENT - 0.0%
	3,625,972	i	MTS Systems Corp	LIBOR 1 M + 3.250%		4.000		07/05/23		3,622
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT							3,622
			TOTAL BANK LOAN OBLIGATIONS							3,666
			(Cost $3,657)
BONDS - 39.2%
CORPORATE BONDS - 16.6%
AUTOMOBILES & COMPONENTS - 0.1%
	5,400,000	e	BorgWarner, Inc			2.650		07/01/27		5,607
	14,350,000	g	Hyundai Capital Services, Inc			1.250		02/08/26		13,995
			TOTAL AUTOMOBILES & COMPONENTS							19,602
BANKS - 3.2%
	13,750,000		Bank of America Corp			0.981		09/25/25		13,714
	14,025,000		Bank of America Corp			2.456		10/22/25		14,701
	4,500,000		Barclays plc			3.811		03/10/42		4,408
	7,449,000	g	BNP Paribas S.A.			2.219		06/09/26		7,638
	18,725,000	g	BNP Paribas S.A.			1.323		01/13/27		18,313
	4,350,000	g	BNP Paribas S.A.			1.904		09/30/28		4,276
	10,500,000	g	BNP Paribas S.A.			2.588		08/12/35		9,875
	10,000,000		Citigroup, Inc			1.678		05/15/24		10,204
	29,125,000		Citigroup, Inc			0.776		10/30/24		29,105
	2,900,000		Citigroup, Inc			5.950		N/A‡		3,125
	4,345,000		Citigroup, Inc			5.000		N/A‡		4,477
	10,250,000		Citizens Bank NA			2.250		04/28/25		10,635
	3,800,000		Citizens Bank NA			3.750		02/18/26		4,179
	9,075,000		Citizens Financial Group, Inc			3.250		04/30/30		9,636
	26,161,000		Cooperatieve Rabobank UA			3.750		07/21/26		28,531
	10,000,000	e,g	Cooperatieve Rabobank UA			1.106		02/24/27		9,768
	14,700,000	g	Credit Agricole S.A.			1.247		01/26/27		14,377
	16,025,000	g	ING Groep NV			1.400		07/01/26		15,942
	12,500,000	h,i	ING Groep NV	SOFR + 1.010%		1.020		04/01/27		12,523
	17,000,000	h	ING Groep NV			2.727		04/01/32		16,990
	2,714,000	g	Intesa Sanpaolo S.p.A			3.375		01/12/23		2,828
	1,825,000	g	Intesa Sanpaolo S.p.A			5.017		06/26/24		1,994
	9,750,000	g	Intesa Sanpaolo S.p.A			3.250		09/23/24		10,385

370

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE (000)
$	13,775,000	g	Intesa Sanpaolo S.p.A			5.710	%	01/15/26	$	15,439
	15,675,000	g	Itau Unibanco Holding S.A.			3.875		04/15/31		15,205
	9,150,000		JPMorgan Chase & Co			0.563		02/16/25		9,082
	15,000,000		JPMorgan Chase & Co			1.040		02/04/27		14,630
	2,375,000		KeyCorp			2.550		10/01/29		2,405
	9,570,000	g	Kookmin Bank			2.500		11/04/30		9,262
	4,000,000		Lloyds Banking Group plc			4.500		11/04/24		4,446
	9,494,000		Lloyds Banking Group plc			3.870		07/09/25		10,332
	6,350,000		Massachusetts Higher Education Assistance Corp			2.673		07/01/31		6,297
	10,000,000		Mitsubishi UFJ Financial Group, Inc			2.527		09/13/23		10,455
	5,925,000	i	Mizuho Financial Group, Inc	LIBOR 3 M + 0.630%		0.818		03/01/28		5,952
	11,125,000	e,g	National Australia Bank Ltd			2.332		08/21/30		10,509
	9,250,000		National Bank of Canada			0.550		11/15/24		9,227
	10,250,000		People’s United Bank NA			4.000		07/15/24		11,060
	18,057,000		People’s United Financial, Inc			3.650		12/06/22		18,823
	2,790,000		Royal Bank of Scotland Group plc			2.359		05/22/24		2,879
	13,620,000	g,i	Standard Chartered plc	SOFR + 1.250%		1.281		10/14/23		13,769
	10,200,000	g	Standard Chartered plc			1.319		10/14/23		10,265
	12,150,000	g	Standard Chartered plc			0.991		01/12/25		12,079
	5,550,000	g	Standard Chartered plc			1.214		03/23/25		5,560
	10,000,000	g	Standard Chartered plc			1.456		01/14/27		9,760
	7,275,000		Sumitomo Mitsui Financial Group, Inc			1.474		07/08/25		7,278
	17,785,000		SVB Financial Group			3.500		01/29/25		19,201
	4,350,000		SVB Financial Group			3.125		06/05/30		4,518
	12,775,000		SVB Financial Group			1.800		02/02/31		11,779
	14,135,000		SVB Financial Group			4.100		N/A‡		14,170
	14,350,000		Truist Financial Corp			1.267		03/02/27		14,179
	10,000,000	g	UBS Group AG.			2.095		02/11/32		9,459
	7,500,000	g	UniCredit S.p.A			6.572		01/14/22		7,818
	15,000,000	g	UniCredit S.p.A			2.569		09/22/26		15,060
	3,600,000	g	UniCredit S.p.A			5.459		06/30/35		3,816
	2,000,000	g	USAA Capital Corp			2.125		05/01/30		1,963
			TOTAL BANKS							574,301
CAPITAL GOODS - 0.4%
	10,450,000		Carrier Global Corp			2.700		02/15/31		10,447
	4,800,000		CNH Industrial Capital LLC			1.950		07/02/23		4,929
	8,975,000		Ingersoll-Rand Luxembourg Finance S.A.			3.800		03/21/29		9,846
	4,150,000		Johnson Controls International plc			1.750		09/15/30		3,892
	4,400,000		Masco Corp			1.500		02/15/28		4,226
	5,000,000		Otis Worldwide Corp			3.112		02/15/40		4,922
	4,975,000		Parker-Hannifin Corp			4.200		11/21/34		5,633
	3,400,000		Roper Technologies, Inc			1.400		09/15/27		3,285
	6,300,000	g,i	Siemens Financieringsmaatschappij NV	SOFR + 0.430%		0.440		03/11/24		6,319
	12,500,000	g	Siemens Financieringsmaatschappij NV			1.200		03/11/26		12,355
	6,500,000		Xylem, Inc			1.950		01/30/28		6,489
	3,575,000		Xylem, Inc			2.250		01/30/31		3,508
			TOTAL CAPITAL GOODS							75,851
COMMERCIAL & PROFESSIONAL SERVICES - 0.2%
	9,540,000		IHS Markit Ltd			4.125		08/01/23		10,223
	17,210,000		Rockefeller Foundation			2.492		10/01/50		15,756
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES							25,979

371

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE (000)
CONSUMER SERVICES - 0.6%
$	3,125,000		Conservation Fund			3.474	%	12/15/29	$	3,242
	10,000,000		Henry J Kaiser Family Foundation			3.356		12/01/25		10,306
	5,145,000		Low Income Investment Fund			3.711		07/01/29		5,443
	3,440,000	i	Nature Conservancy	LIBOR 3 M + 1.080%		1.285		02/01/24		3,451
	17,500,000		New York Public Library Astor Lenox & Tilden Foundations			4.305		07/01/45		16,952
	4,060,000		Salvation Army			5.637		09/01/26		4,858
	20,000,000		Salvation Army			4.528		09/01/48		21,199
	12,300,000		Starbucks Corp			2.450		06/15/26		12,879
	9,500,000		Starbucks Corp			4.450		08/15/49		11,022
	11,440,000		Wisconsin Alumni Research Foundation			3.564		10/01/49		11,612
	11,065,000		YMCA of Greater New York			5.151		08/01/48		11,139
			TOTAL CONSUMER SERVICES							112,103
DIVERSIFIED FINANCIALS - 1.6%
	8,350,000		AerCap Ireland Capital DAC			1.750		01/30/26		8,110
	3,300,000		Bank of New York Mellon Corp			4.700		N/A‡		3,575
	21,375,000	g	BPCE S.A.			1.652		10/06/26		21,325
	11,500,000		Century Housing Corp			3.995		11/01/21		11,631
	8,725,000		Charles Schwab Corp			4.000		N/A‡		8,577
	10,720,000		Community Preservation Corp			2.867		02/01/30		10,623
	16,425,000	g	Credit Suisse Group AG.			1.305		02/02/27		15,898
	4,750,000		Enterprise Community Loan Fund, Inc			4.152		11/01/28		4,824
	15,000,000		Ford Foundation			2.815		06/01/70		13,503
	13,300,000		Goldman Sachs Group, Inc			0.855		02/12/26		13,073
	2,300,000		Legg Mason, Inc			3.950		07/15/24		2,529
	14,950,000		Morgan Stanley			0.985		12/10/26		14,593
	10,000,000	g	NongHyup Bank			1.250		07/20/25		9,935
	680,000		Reinvestment Fund, Inc			3.377		02/15/22		686
	1,378,000		Reinvestment Fund, Inc			3.166		11/01/23		1,397
	3,000,000		Reinvestment Fund, Inc			3.600		02/15/24		3,064
	10,250,000		Reinvestment Fund, Inc			3.366		11/01/24		10,440
	2,570,000		Reinvestment Fund, Inc			3.513		11/01/25		2,593
	15,240,000		Reinvestment Fund, Inc			3.880		02/15/27		15,453
	10,435,000		Reinvestment Fund, Inc			3.930		02/15/28		10,489
	20,300,000	g	Societe Generale S.A.			1.488		12/14/26		19,947
	4,475,000	g	Starwood Property Trust, Inc			5.500		11/01/23		4,676
	12,500,000		State Street Corp			2.354		11/01/25		13,148
	7,900,000	g	Swiss Re Finance Luxembourg SA			5.000		04/02/49		8,944
	4,825,000	g	UBS Group AG			1.008		07/30/24		4,853
	14,700,000	g	UBS Group AG			1.364		01/30/27		14,486
	11,075,000	e	Unilever Capital Corp			2.000		07/28/26		11,452
	5,523,000		Unilever Capital Corp			2.125		09/06/29		5,515
	6,125,000	e	Unilever Capital Corp			1.375		09/14/30		5,749
	3,450,000	g	WLB Asset II B Pte Ltd			3.950		12/10/24		3,415
	1,925,000	g	WLB Asset II Pte Ltd			4.000		01/14/24		1,974
			TOTAL DIVERSIFIED FINANCIALS							276,477
ENERGY - 0.8%
	6,899,000	g	Aker BP ASA			4.750		06/15/24		7,075
	8,000,000	g	Aker BP ASA			2.875		01/15/26		8,262
	10,000,000	g	Aker BP ASA			4.000		01/15/31		10,424
	7,500,000	i	Enbridge, Inc	SOFR + 0.400%		0.413		02/17/23		7,512

372

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE (000)
$	9,625,000		Enbridge, Inc			2.500	%	01/15/25	$	10,032
	5,830,000		Enbridge, Inc			5.750		07/15/80		6,238
	8,125,000		Equinor ASA			2.375		05/22/30		8,105
	5,932,000		Equinor ASA			3.950		05/15/43		6,420
	12,450,000		Equinor ASA			3.250		11/18/49		12,191
	3,875,000		ONEOK, Inc			4.000		07/13/27		4,202
	6,200,000		ONEOK, Inc			4.950		07/13/47		6,495
	18,000,000	g	TerraForm Power Operating LLC			5.000		01/31/28		19,423
	12,850,000		Total Capital International S.A.			2.986		06/29/41		12,322
	11,316,000		Total Capital International S.A.			3.127		05/29/50		10,653
	10,750,000	i	Valero Energy Corp	LIBOR 3 M + 1.150%		1.334		09/15/23		10,786
			TOTAL ENERGY							140,140
FOOD & STAPLES RETAILING - 0.1%
	7,125,000	g,i	7-Eleven, Inc	LIBOR 3 M + 0.450%		0.645		08/10/22		7,132
	11,500,000	g	7-Eleven, Inc			0.950		02/10/26		11,202
	5,722,000		SYSCO Corp			2.400		02/15/30		5,682
			TOTAL FOOD & STAPLES RETAILING							24,016
FOOD, BEVERAGE & TOBACCO - 0.1%
	10,000,000	g	NBM US Holdings, Inc			6.625		08/06/29		10,998
	5,650,000	g	Nutrition & Biosciences, Inc			1.832		10/15/27		5,524
	4,500,000		PepsiCo, Inc			2.875		10/15/49		4,355
			TOTAL FOOD, BEVERAGE & TOBACCO							20,877
HEALTH CARE EQUIPMENT & SERVICES - 0.1%
	6,900,000		Cigna Corp			0.613		03/15/24		6,871
	10,125,000		Cigna Corp			2.375		03/15/31		9,959
			TOTAL HEALTH CARE EQUIPMENT & SERVICES							16,830
HOUSEHOLD & PERSONAL PRODUCTS - 0.1%
	7,125,000		Kimberly-Clark Corp			2.875		02/07/50		6,999
	5,300,000		Procter & Gamble Co			3.000		03/25/30		5,705
	12,975,000		Procter & Gamble Co			1.200		10/29/30		12,007
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS							24,711
INSURANCE - 1.0%
	6,850,000	g	AIA Group Ltd			3.600		04/09/29		7,359
	11,450,000	g	AIA Group Ltd			3.375		04/07/30		12,197
	2,400,000		Chubb INA Holdings, Inc			1.375		09/15/30		2,191
	3,750,000		CNA Financial Corp			2.050		08/15/30		3,564
	11,400,000	g	Empower Finance 2020 LP			1.357		09/17/27		11,016
	4,000,000	g	Empower Finance 2020 LP			1.776		03/17/31		3,709
	12,900,000	g	Equitable Financial Life Global Funding			1.400		08/27/27		12,447
	15,675,000	g	Five Corners Funding Trust II			2.850		05/15/30		16,155
	4,700,000	g	Great-West Lifeco US Finance 2020 LP			0.904		08/12/25		4,625
	20,000,000		Principal Financial Group, Inc			2.125		06/15/30		19,233
	14,400,000	g	Protective Life Global Funding			1.737		09/21/30		13,469
	6,504,000		Prudential Financial, Inc			1.500		03/10/26		6,571
	10,250,000		Prudential Financial, Inc			5.200		03/15/44		10,914
	4,265,000		Prudential Financial, Inc			3.700		10/01/50		4,313
	4,475,000		Reinsurance Group of America, Inc			3.900		05/15/29		4,905
	6,100,000		Reinsurance Group of America, Inc			3.150		06/15/30		6,309

373

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE (000)
$	18,222,000	g	Swiss Re Treasury US Corp			2.875	%	12/06/22	$	18,795
	14,024,000	g	Swiss Re Treasury US Corp			4.250		12/06/42		16,078
			TOTAL INSURANCE							173,850
MATERIALS - 0.7%
	7,250,000	g	Celulosa Arauco y Constitucion S.A.			4.200		01/29/30		7,803
	10,000,000	e,g	Celulosa Arauco y Constitucion S.A.			5.150		01/29/50		11,152
	10,500,000		Fibria Overseas Finance Ltd			5.500		01/17/27		11,970
	4,600,000		International Paper Co			4.800		06/15/44		5,510
	17,000,000	e,g	Inversiones CMPC S.A.			4.375		04/04/27		18,695
	10,000,000	g	Klabin Austria GmbH			7.000		04/03/49		11,953
	7,775,000	g	Klabin Finance S.A.			4.875		09/19/27		8,495
EUR	2,500,000	g	LG Chem Ltd			0.500		04/15/23		2,958
$	3,250,000	g	LG Chem Ltd			3.625		04/15/29		3,518
	10,000,000	i	LYB International Finance III LLC	LIBOR 3 M + 1.000%		1.202		10/01/23		10,029
	5,925,000		LYB International Finance III LLC			3.375		10/01/40		5,860
	5,000,000		Newmont Corp			2.250		10/01/30		4,871
	5,250,000		Newmont Goldcorp Corp			3.625		06/09/21		5,252
	9,875,000		PPG Industries, Inc			1.200		03/15/26		9,678
	12,736,000		Teck Resources Ltd			3.900		07/15/30		13,310
			TOTAL MATERIALS							131,054
MEDIA & ENTERTAINMENT - 0.2%
	10,000,000		Alphabet, Inc			1.100		08/15/30		9,192
	2,900,000		Bush Foundation			2.754		10/01/50		2,751
	5,035,000	g	Continuum Energy Levanter Pte Ltd			4.500		02/09/27		5,148
	4,411,000	g	Discovery Communications LLC			4.000		09/15/55		4,342
	5,756,000	g	Liberty Utilities Finance GP			2.050		09/15/30		5,393
	10,000,000	g	NTT Finance Corp			1.162		04/03/26		9,868
	7,500,000	g	NTT Finance Corp			2.065		04/03/31		7,405
	2,320,000		Smithsonian Institution			2.645		09/01/39		2,215
			TOTAL MEDIA & ENTERTAINMENT							46,314
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.7%
	4,800,000		Bristol-Myers Squibb Co			2.350		11/13/40		4,366
	7,700,000		Bristol-Myers Squibb Co			2.550		11/13/50		6,843
	6,275,000		Gilead Sciences, Inc			1.200		10/01/27		6,016
	5,625,000		Gilead Sciences, Inc			2.600		10/01/40		5,169
	15,400,000		Gilead Sciences, Inc			2.800		10/01/50		13,687
	8,650,000		GlaxoSmithKline Capital, Inc			3.625		05/15/25		9,511
	18,450,000		Merck & Co, Inc			0.750		02/24/26		18,209
	9,075,000		Merck & Co, Inc			1.450		06/24/30		8,646
	13,700,000		Merck & Co, Inc			2.450		06/24/50		12,083
	7,725,000	g,i	Roche Holdings, Inc	SOFR + 0.240%		0.251		03/05/24		7,730
	12,500,000	g	Roche Holdings, Inc			0.991		03/05/26		12,408
	14,675,000		Takeda Pharmaceutical Co Ltd			2.050		03/31/30		14,144
	8,500,000		Takeda Pharmaceutical Co Ltd			3.175		07/09/50		8,118
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES							126,930
REAL ESTATE - 0.8%
	13,400,000		American Tower Corp			1.500		01/31/28		12,780
	1,975,000		Brandywine Operating Partnership LP			3.950		02/15/23		2,064
	4,300,000		Brandywine Operating Partnership LP			3.950		11/15/27		4,566
	9,095,000		Brixmor Operating Partnership LP			3.900		03/15/27		9,929

374

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE (000)
$	3,800,000		Brixmor Operating Partnership LP			2.250	%	04/01/28	$	3,729
	5,975,000		Corporate Office Properties LP			2.750		04/15/31		5,778
	2,350,000		Equinix, Inc			1.800		07/15/27		2,307
	3,500,000		Federal Realty Investment Trust			2.750		06/01/23		3,637
	6,900,000		Federal Realty Investment Trust			1.250		02/15/26		6,813
	6,425,000	g	HAT Holdings I LLC			5.250		07/15/24		6,634
	1,975,000	g	HAT Holdings I LLC			6.000		04/15/25		2,084
	10,000,000	g	HAT Holdings I LLC			3.750		09/15/30		9,625
	10,900,000		Host Hotels & Resorts LP			3.500		09/15/30		10,943
	11,075,000		Kilroy Realty LP			3.450		12/15/24		11,840
	14,360,000		Kilroy Realty LP			2.500		11/15/32		13,486
	3,940,000		Life Storage LP			2.200		10/15/30		3,722
	16,822,000		Regency Centers LP			3.750		06/15/24		18,048
	8,245,000	g	Scentre Group Trust 2			5.125		09/24/80		8,578
			TOTAL REAL ESTATE							136,563
RETAILING - 0.1%
	4,100,000		Advance Auto Parts, Inc			1.750		10/01/27		4,040
	5,525,000		Lowe’s Cos, Inc			3.000		10/15/50		5,153
			TOTAL RETAILING							9,193
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.1%
	4,208,000	g	NXP BV			3.400		05/01/30		4,444
	17,200,000	g	SK Hynix, Inc			2.375		01/19/31		16,264
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT							20,708
SOFTWARE & SERVICES - 0.3%
	10,000,000		Automatic Data Processing, Inc			1.250		09/01/30		9,161
	7,725,000		Mastercard, Inc			1.900		03/15/31		7,593
	7,500,000		Visa, Inc			1.900		04/15/27		7,687
	5,000,000	e	Visa, Inc			0.750		08/15/27		4,800
	17,000,000		Visa, Inc			1.100		02/15/31		15,469
	12,425,000		Visa, Inc			2.000		08/15/50		10,053
			TOTAL SOFTWARE & SERVICES							54,763
TECHNOLOGY HARDWARE & EQUIPMENT - 0.1%
	14,250,000		Apple, Inc			3.000		06/20/27		15,461
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT							15,461
TELECOMMUNICATION SERVICES - 0.3%
	9,000,000	i	Verizon Communications, Inc	SOFR + 0.790%		0.800		03/20/26		9,052
	14,225,000		Verizon Communications, Inc			2.550		03/21/31		14,212
	9,825,000		Verizon Communications, Inc			3.400		03/22/41		9,974
	18,825,000		Verizon Communications, Inc			3.550		03/22/51		18,799
			TOTAL TELECOMMUNICATION SERVICES							52,037
TRANSPORTATION - 0.4%
	5,350,000		Canadian Pacific Railway Co			2.050		03/05/30		5,169
	1,581,393		Delta Air Lines, Inc			4.250		07/30/23		1,616
	7,150,000		Delta Air Lines, Inc			3.204		04/25/24		7,407
	7,825,000		Delta Air Lines, Inc			2.900		10/28/24		7,824
	6,250,000	g	Delta Air Lines, Inc			7.000		05/01/25		7,200
	5,100,000		Delta Air Lines, Inc			7.375		01/15/26		5,963

375

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE (000)
$	4,850,515		Delta Air Lines, Inc			2.000	%	06/10/28	$	4,858
	13,176,524		Delta Air Lines, Inc			2.500		06/10/28		13,351
	7,000,000		Kansas City Southern			4.300		05/15/43		7,674
	475,000		Norfolk Southern Corp			5.590		05/17/25		557
			TOTAL TRANSPORTATION							61,619
UTILITIES - 4.6%
	10,875,000	g	AES Corp			1.375		01/15/26		10,599
	10,875,000	g	AES Corp			2.450		01/15/31		10,398
	14,500,000	g	AES Gener S.A.			6.350		10/07/79		15,533
	4,375,000		Arizona Public Service Co			3.750		05/15/46		4,557
	5,875,000		Atlantic City Electric Co			2.300		03/15/31		5,806
	11,925,000	i	Atmos Energy Corp	LIBOR 3 M + 0.380%		0.565		03/09/23		11,926
	14,950,000		Avangrid, Inc			3.200		04/15/25		16,006
	13,200,000		Avangrid, Inc			3.800		06/01/29		14,520
	10,275,000		Avista Corp			4.350		06/01/48		11,794
	700,000	g	Azure Power Energy Ltd			5.500		11/03/22		714
	5,900,000	g	Azure Power Solar Energy Pvt Ltd			5.650		12/24/24		6,243
	9,750,000	g	Brooklyn Union Gas Co			4.273		03/15/48		10,893
	13,500,000	g	Brooklyn Union Gas Co			4.487		03/04/49		15,454
	9,875,000		CenterPoint Energy Houston Electric LLC			2.350		04/01/31		9,878
	12,350,000		CenterPoint Energy Houston Electric LLC			3.350		04/01/51		12,418
	19,400,000	i	CenterPoint Energy Resources Corp	LIBOR 3 M + 0.500%		0.684		03/02/23		19,406
	13,675,000	g	Clearway Energy Operating LLC			3.750		02/15/31		13,120
	3,550,000		CMS Energy Corp			4.750		06/01/50		3,834
	7,525,000	g	Consorcio Transmantaro SA			4.700		04/16/34		8,494
	13,876,000		Consumers Energy Co			2.500		05/01/60		11,522
	6,185,075	g	Continental Wind LLC			6.000		02/28/33		6,973
	8,850,000		Dominion Energy Gas Holdings LLC			2.500		11/15/24		9,305
	7,110,000		Dominion Energy, Inc			3.600		03/15/27		7,847
	4,850,000		Dominion Energy, Inc (Step Bond)			3.071		08/15/24		5,165
	11,725,000		DTE Electric Co			1.900		04/01/28		11,695
	8,787,000		DTE Electric Co			3.950		03/01/49		9,822
	9,025,000		DTE Electric Co			3.250		04/01/51		8,999
	10,000,000		Duke Energy Florida LLC			2.500		12/01/29		10,198
	3,350,000	g	East Ohio Gas Co			1.300		06/15/25		3,340
	3,100,000	g	East Ohio Gas Co			2.000		06/15/30		2,983
	11,625,000	g	EDP Finance BV			3.625		07/15/24		12,550
	22,750,000	g	Electricite de France S.A.			3.625		10/13/25		24,717
	11,735,000		Essential Utilities, Inc			2.704		04/15/30		11,828
	9,375,000		Essential Utilities, Inc			3.351		04/15/50		9,072
	2,800,000		Eversource Energy			0.800		08/15/25		2,729
	9,885,000		Georgia Power Co			3.250		04/01/26		10,684
	6,850,000	g	Greenko Dutch BV			4.875		07/24/22		6,922
	14,000,000	g	Hanwha Energy USA Holdings Corp			2.375		07/30/22		14,324
	2,745,000		International Transmission Co			4.625		08/15/43		3,134
	9,700,000		Interstate Power & Light Co			3.500		09/30/49		9,550
	24,325,000	g	Korea Hydro & Nuclear Power Co Ltd			3.750		07/25/23		26,071
	5,875,000		MidAmerican Energy Co			3.100		05/01/27		6,367
	1,000,000		MidAmerican Energy Co			3.950		08/01/47		1,110
	3,820,000		MidAmerican Energy Co			3.150		04/15/50		3,754
	4,300,000	g	Narragansett Electric Co			3.919		08/01/28		4,701
	12,350,000		National Fuel Gas Co			5.500		01/15/26		14,114
	9,500,000		National Fuel Gas Co			2.950		03/01/31		9,148

376

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE (000)
$	14,800,000	i	NextEra Energy Capital Holdings, Inc	LIBOR 3 M + 0.270%		0.452	%	02/22/23	$	14,802
	5,575,000	i	NextEra Energy Capital Holdings, Inc	SOFR + 0.540%		0.550		03/01/23		5,589
	3,225,000	g	NextEra Energy Operating Partners LP			4.250		07/15/24		3,394
	186,000	g	NextEra Energy Operating Partners LP			4.250		09/15/24		196
	10,320,000	g	Niagara Mohawk Power Corp			1.960		06/27/30		9,863
	9,732,000	g	Niagara Mohawk Power Corp			4.278		10/01/34		11,098
	9,750,000	g	Niagara Mohawk Power Corp			4.119		11/28/42		10,650
	7,350,000		NorthWestern Corp			4.176		11/15/44		8,128
	5,425,000	e	Oklahoma Gas & Electric Co			3.250		04/01/30		5,752
	1,925,000	g	Pattern Energy Operations LP			4.500		08/15/28		1,956
	13,050,000		PSEG Power LLC			3.850		06/01/23		13,913
	630,000		Public Service Co of Colorado			4.750		08/15/41		737
	5,000,000		Public Service Co of Colorado			3.200		03/01/50		5,011
	2,975,000		Public Service Co of New Hampshire			3.600		07/01/49		3,124
	19,475,000		Public Service Enterprise Group, Inc			0.800		08/15/25		18,944
	19,350,000		Public Service Enterprise Group, Inc			1.600		08/15/30		17,820
	6,900,000		Sempra Energy			4.875		N/A‡		7,383
	22,514,441	g	Solar Star Funding LLC			3.950		06/30/35		23,113
	21,071,362	g	Solar Star Funding LLC			5.375		06/30/35		23,628
	25,000,000		Southern Power Co			4.150		12/01/25		27,841
	5,613,000		Southwestern Public Service Co			3.750		06/15/49		5,991
	18,650,000		Southwestern Public Service Co			3.150		05/01/50		18,157
	28,207,700	g	Star Energy Geothermal Wayang Windu Ltd			6.750		04/24/33		31,734
	19,216,155	g	Topaz Solar Farms LLC			4.875		09/30/39		20,881
	10,724,779	g	Topaz Solar Farms LLC			5.750		09/30/39		12,246
	8,000,000		Tucson Electric Power Co			1.500		08/01/30		7,409
	8,755,000	g	UEP Penonome II S.A.			6.500		10/01/38		8,821
	16,400,000		Union Electric Co			2.625		03/15/51		14,507
	19,650,000		Westar Energy, Inc			2.550		07/01/26		20,589
			TOTAL UTILITIES							813,494
			TOTAL CORPORATE BONDS							2,952,873
			(Cost $2,918,766)
GOVERNMENT BONDS - 19.2%
AGENCY SECURITIES - 1.7%
	4,242,000		Canal Barge Co, Inc			4.500		11/12/34		4,793
	1,194,199		DY7 Leasing LLC			2.578		12/10/25		1,248
	6,959,974		Ethiopian Leasing LLC			2.566		08/14/26		7,381
	23,000,000		Federal Home Loan Mortgage Corp (FHLMC)			0.375		05/05/23		23,099
	18,700,000		FHLMC			0.250		08/24/23		18,704
	13,650,000		FHLMC			0.250		09/08/23		13,647
	23,636,000		FHLMC			0.250		12/04/23		23,601
	20,000,000		Federal National Mortgage Association (FNMA)			0.250		07/10/23		20,015
	8,000,000		FNMA			0.625		04/22/25		7,979
	18,880,000		FNMA			0.875		08/05/30		17,457
	5,950,000		Hashemite Kingdom of Jordan Government AID Bond			3.000		06/30/25		6,387
	2,350,000	g	Hospital for Special Surgery			3.500		01/01/23		2,393
	4,500,000	i	India Government AID Bond	LIBOR 3 M + 0.100%		0.305		02/01/27		4,446
	3,455,000		Lutheran Medical Center			1.982		02/20/30		3,575
	2,515,000	g	Montefiore Medical Center			3.896		05/20/27		2,526
	17,145,000		Montefiore Medical Center			2.895		04/20/32		18,589

377

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE (000)
$	13,555,000		New York Society for the Relief of the Ruptured & Crippled			2.881	%	12/20/31	$	13,664
	1,030,708		Overseas Private Investment Corp (OPIC)			2.040		12/15/26		1,062
	12,673,884		OPIC			3.220		09/15/29		14,185
	5,881,381		OPIC			1.790		10/15/29		6,186
	18,379,316		OPIC			2.360		10/15/29		19,806
	2,161,217		OPIC			2.610		04/15/30		2,350
	2,992,500		OPIC			2.930		05/15/30		3,240
	4,945,500		OPIC			3.040		05/15/30		5,380
	1,000,903		OPIC			2.810		07/31/33		1,067
	1,601,444		OPIC			2.940		07/31/33		1,721
	5,400,000		OPIC			2.450		07/15/38		5,613
	4,000,000		Private Export Funding Corp (PEFCO)			3.550		01/15/24		4,345
	8,000,000		PEFCO			3.250		06/15/25		8,706
	445,514		Tayarra Ltd			3.628		02/15/22		452
	13,850,000		Thirax LLC			0.968		01/14/33		13,733
	375,207		Tricahue Leasing LLC			3.503		11/19/21		380
	8,750,000		United States International Development Finance Corp			1.630		07/15/38		8,462
	1,900,000		US Department of Housing and Urban Development (HUD)			5.050		08/01/21		1,932
	3,217,000		HUD			2.910		08/01/23		3,245
	5,000,000		HUD			3.535		08/01/36		5,525
			TOTAL AGENCY SECURITIES							296,894
FOREIGN GOVERNMENT BONDS - 3.1%
	7,500,000		African Development Bank			3.000		12/06/21		7,643
	12,750,000		African Development Bank			0.750		04/03/23		12,874
	4,882,000		Asian Development Bank			1.875		08/10/22		4,993
	9,500,000		Asian Development Bank			2.125		03/19/25		10,026
	6,500,000		Asian Development Bank			1.750		08/14/26		6,723
	16,489,000		Asian Development Bank			3.125		09/26/28		18,272
	12,500,000		Asian Development Bank			1.500		03/04/31		12,036
EUR	7,925,000	g	Banque Ouest Africaine de Developpement			2.750		01/22/33		9,556
$	12,400,000	g	BNG Bank NV			2.625		02/27/24		13,168
CLP	9,475,000,000	g	Bonos de la Tesoreria de la Republica en pesos			2.300		10/01/28		12,697
$	9,000,000		Chile Government International Bond			3.500		01/25/50		9,153
	15,000,000	g	Development Bank of Japan, Inc			0.500		03/04/24		14,963
	9,925,000	g	Egypt Government International Bond			5.250		10/06/25		10,248
	19,500,000		European Bank for Reconstruction & Development			1.625		09/27/24		20,202
	3,750,000		European Investment Bank			2.375		05/24/27		4,003
	3,725,000		European Investment Bank			0.625		10/21/27		3,549
	11,600,000		European Investment Bank			1.625		10/09/29		11,550
	7,500,000	e	European Investment Bank			0.750		09/23/30		6,808
	2,000,000		European Investment Bank			4.875		02/15/36		2,669
	1,925,000	e,g	Guatemala Government International Bond			5.375		04/24/32		2,180
	6,082,000		Hydro Quebec			8.400		01/15/22		6,449
	20,000,000	i	Inter-American Development Bank	LIBOR 3 M + 0.010%		0.251		01/15/22		20,002
	11,000,000		International Bank for Reconstruction & Development			0.625		04/22/25		10,958
	14,750,000		International Bank for Reconstruction & Development			3.125		11/20/25		16,209
	27,150,000	g	International Development Association			2.750		04/24/23		28,529
	46,500,000		International Finance Corp			1.546		11/04/21		46,824

378

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE (000)
$	1,000,000		International Finance Corp			2.000	%	10/24/22	$	1,028
	7,375,000		International Finance Corp			0.500		03/20/23		7,399
	33,500,000		International Finance Corp			2.125		04/07/26		35,278
	12,500,000	g	Kommunalbanken AS.			2.125		02/11/25		13,165
	8,750,000	i	Korea Development Bank International Bond	LIBOR 3 M + 0.725%		0.962		07/06/22		8,799
	10,100,000	g	Korea Electric Power Corp			1.125		06/15/25		10,028
	11,250,000		Kreditanstalt fuer Wiederaufbau			0.250		03/08/24		11,193
	13,000,000		Landwirtschaftliche Rentenbank			0.875		09/03/30		11,939
	18,250,000	g	Nederlandse Waterschapsbank NV			1.750		01/15/25		18,962
	19,000,000	e,g	Nederlandse Waterschapsbank NV			2.375		03/24/26		20,202
	6,708,000		North American Development Bank			2.400		10/26/22		6,892
	22,800,000	g	Perusahaan Penerbit SBSN Indonesia III			3.750		03/01/23		24,010
	10,500,000	e,g	Perusahaan Penerbit SBSN Indonesia III			3.900		08/20/24		11,377
	12,700,000		Province of Manitoba Canada			3.050		05/14/24		13,659
	10,000,000		Province of Quebec Canada			2.750		04/12/27		10,789
	5,000,000		Province of Quebec Canada			7.500		09/15/29		7,095
	10,000,000		Republic of Italy Government International Bond			2.875		10/17/29		10,108
	7,750,000		Republic of Italy Government International Bond			4.000		10/17/49		7,931
			TOTAL FOREIGN GOVERNMENT BONDS							552,138
MORTGAGE BACKED - 8.6%
	2,600,000		Federal Home Loan Mortgage Corp (FHLMC)			3.000		10/15/33		2,820
	177,062		FHLMC			4.000		06/01/42		194
	4,638,361		FHLMC			3.500		08/15/43		4,787
	8,129,269		FHLMC			3.500		03/15/44		8,532
	1,804,409	i	FHLMC	LIBOR 1 M + 5.920%		5.814		03/15/44		334
	5,225,463		FHLMC			4.000		10/01/47		5,740
	3,364,861		FHLMC			4.000		06/01/48		3,692
	5,568,625	i	FHLMC	LIBOR 1 M + 9.920%		9.750		06/15/48		6,313
	5,358,977		FHLMC			4.000		07/01/48		5,855
	3,961,533	i	FHLMC	LIBOR 1 M + 9.840%		9.670		10/15/48		4,726
	13,872,786		FHLMC			3.000		11/01/49		14,666
	11,480,802		FHLMC			2.000		09/25/50		1,392
	15,010,734		FHLMC			2.500		11/25/50		2,525
	19,828,449		FHLMC			2.500		02/25/51		3,242
	802		Federal Home Loan Mortgage Corp Gold (FGLMC)			7.000		05/01/23		1
	10,427		FGLMC			8.000		01/01/31		11
	158,344		FGLMC			4.500		07/01/33		176
	1,124,664		FGLMC			7.000		12/01/33		1,299
	313,631		FGLMC			7.000		05/01/35		357
	762,062		FGLMC			5.000		06/01/36		886
	227,171		FGLMC			5.000		07/01/39		264
	436,290		FGLMC			4.500		10/01/44		491
	664,402		FGLMC			4.500		11/01/44		741
	461,889		FGLMC			4.500		11/01/44		519
	341,822		FGLMC			4.500		12/01/44		378
	516,706		FGLMC			4.500		12/01/44		581
	1,548,730		FGLMC			3.500		04/01/45		1,682
	13,723,278		FGLMC			3.500		10/01/45		14,890
	6,377,532		FGLMC			4.000		12/01/45		7,073
	21,677,198		FGLMC			3.500		08/01/46		23,448
	8,630,943		FGLMC			3.000		02/01/47		9,129
	850,564		FGLMC			4.500		06/01/47		955
	1,922,829		FGLMC			4.000		09/01/47		2,120

379

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE (000)
$	1,328,027		FGLMC			3.500	%	12/01/47	$	1,435
	7,343,133		FGLMC			3.500		03/01/48		7,923
	8,738,346		FGLMC			4.000		03/01/48		9,596
	1,988,181		FGLMC			4.000		07/01/48		2,173
	6,226,053		FGLMC			4.500		08/01/48		6,935
	5,929		Federal National Mortgage Association (FNMA)			8.000		07/01/24		6
	18,276,048	i	FNMA			2.805		02/25/27		19,711
	3,500,000	i	FNMA			3.325		06/25/28		3,895
	1,901,530		FNMA			3.500		05/01/32		2,055
	2,373,936		FNMA			3.000		10/01/32		2,508
	1,943,606		FNMA			5.000		05/01/35		2,256
	1,285,814		FNMA			5.000		10/01/35		1,495
	864,262		FNMA			2.500		01/01/36		902
	964,115		FNMA			5.000		02/01/36		1,122
	78,000,000	h	FNMA			2.000		04/25/36		80,049
	33,000,000	h	FNMA			2.500		05/25/36		34,319
	1,516,114		FNMA			5.500		11/01/38		1,782
	298,153		FNMA			3.000		05/01/40		312
	949,559		FNMA			5.000		09/01/40		1,097
	1,792,118		FNMA			5.000		05/01/41		2,085
	1,418,978		FNMA			4.000		09/01/42		1,556
	1,322,414		FNMA			3.000		04/25/43		1,372
	2,688,084	i	FNMA	LIBOR 1 M + 5.950%		5.841		09/25/43		631
	581,360		FNMA			4.000		01/01/44		644
	1,603,898		FNMA			4.500		03/01/44		1,833
	476,569		FNMA			4.500		06/01/44		529
	6,238,058		FNMA			4.500		06/01/44		7,002
	1,425,504		FNMA			4.500		08/01/44		1,600
	3,484,366		FNMA			4.500		10/01/44		3,912
	6,799,403		FNMA			4.500		11/01/44		7,635
	1,196,194		FNMA			5.000		11/01/44		1,380
	1,669,978		FNMA			4.500		12/01/44		1,874
	767,422		FNMA			4.000		01/01/45		846
	7,978,117		FNMA			3.000		02/25/45		8,320
	1,840,757		FNMA			3.000		02/25/45		1,897
	182,079		FNMA			3.500		03/01/45		196
	156,429		FNMA			3.500		03/01/45		170
	359,175		FNMA			4.500		03/01/45		403
	2,297,924		FNMA			3.000		03/25/45		2,380
	442,396		FNMA			4.500		04/01/45		497
	5,779,071		FNMA			3.500		04/25/45		5,995
	3,225,766		FNMA			3.500		05/01/45		3,510
	1,742,906		FNMA			4.000		12/01/45		1,927
	11,256,800		FNMA			3.000		12/25/45		11,677
	4,757,992		FNMA			3.500		01/01/46		5,142
	5,914,468		FNMA			4.000		01/01/46		6,523
	6,044,460		FNMA			3.500		06/01/46		6,540
	3,422,592		FNMA			3.500		07/01/46		3,702
	5,838,855		FNMA			3.500		07/01/46		6,342
	1,611,101		FNMA			3.500		08/01/46		1,743
	688,472		FNMA			3.000		10/01/46		706
	4,446,038		FNMA			3.500		10/01/46		4,808
	6,510,766		FNMA			3.000		11/01/46		6,879
	10,251,583		FNMA			3.500		01/01/47		10,912

380

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	1,736,698		FNMA		3.000	%	04/25/47	$	1,846
	1,992,061		FNMA		4.500		05/01/47		2,230
	573,020		FNMA		3.500		08/01/47		613
	1,235,546		FNMA		3.500		09/01/47		1,322
	4,939,083		FNMA		4.000		09/01/47		5,337
	1,624,256		FNMA		4.000		09/01/47		1,752
	4,652,560		FNMA		4.000		10/01/47		4,995
	569,266		FNMA		3.000		11/01/47		584
	370,269		FNMA		3.500		11/01/47		401
	515,938		FNMA		4.500		11/01/47		574
	4,199,389		FNMA		4.000		12/01/47		4,613
	13,355,293		FNMA		4.000		12/01/47		14,411
	732,236		FNMA		3.500		01/01/48		790
	6,308,299		FNMA		3.500		01/01/48		6,692
	3,522,430		FNMA		4.500		01/01/48		3,918
	878,417		FNMA		3.500		02/01/48		929
	2,918,910		FNMA		4.500		02/01/48		3,250
	38,084,683		FNMA		3.000		02/25/48		40,245
	10,198,481		FNMA		3.500		03/01/48		10,816
	3,516,761		FNMA		4.000		03/01/48		3,861
	12,473,475		FNMA		4.500		03/01/48		13,888
	38,495,435		FNMA		3.500		04/01/48		40,811
	4,197,461		FNMA		4.000		04/01/48		4,514
	2,526,728		FNMA		4.500		05/01/48		2,813
	1,872,950		FNMA		4.500		05/01/48		2,085
	4,860,270		FNMA		5.000		08/01/48		5,505
	2,181,759		FNMA		3.000		11/01/48		2,276
	103,435,000	h	FNMA		3.000		04/25/49		107,738
	666,506		FNMA		3.000		08/01/49		707
	6,851,879		FNMA		3.000		01/25/50		7,147
	154,800,000	h	FNMA		2.500		05/25/50		158,519
	18,066,918		FNMA		3.000		07/01/50		19,222
	7,365,136		FNMA		2.000		08/25/50		912
	5,456,101		FNMA		3.000		02/25/51		872
	44,765,000	h	FNMA		2.000		04/25/51		44,681
	65,900,000	h	FNMA		2.500		04/25/51		67,625
	113,600,000	h	FNMA		2.000		05/25/51		113,178
	3,331,432		Government National Mortgage Association (GNMA)		2.580		08/15/25		3,440
	9,352,256		GNMA		2.690		06/15/33		9,654
	7,680,228		GNMA		3.700		10/15/33		8,260
	89,615		GNMA		5.000		04/15/38		102
	163,921		GNMA		6.500		11/20/38		197
	21,733		GNMA		4.500		02/20/39		26
	7,572,969		GNMA		3.700		08/15/40		8,128
	29,420		GNMA		4.500		08/20/41		34
	68,516		GNMA		4.500		09/20/41		79
	20,591		GNMA		4.500		01/20/44		24
	12,935		GNMA		4.500		02/20/44		15
	40,922		GNMA		4.500		05/20/44		49
	186,849		GNMA		4.500		05/20/44		214
	295,908		GNMA		4.500		08/20/44		350
	171,362		GNMA		4.500		09/20/44		197
	101,172		GNMA		4.500		10/20/44		115

381

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	51,611		GNMA		4.500	%	11/20/44	$	56
	148,208		GNMA		4.500		12/20/44		172
	12,100,222		GNMA		2.750		01/15/45		12,686
	234,128		GNMA		4.500		02/20/45		274
	329,880		GNMA		4.500		08/20/45		391
	270,470		GNMA		4.500		08/20/45		316
	199,309		GNMA		4.500		12/20/45		228
	2,832,991		GNMA		4.000		06/20/46		372
	8,571,694		GNMA		3.500		12/20/46		9,120
	6,133,593		GNMA		3.500		01/20/47		6,528
	5,133,667		GNMA		3.500		01/20/49		5,591
	51,394,410		GNMA		3.000		08/20/50		53,572
	2,885,244		GNMA		3.500		10/20/50		3,187
	41,500,000	h	GNMA		2.000		04/20/51		41,902
	149,000,000	h	GNMA		2.500		04/20/51		153,738
	36,625,000	h	GNMA		3.000		04/20/51		38,154
	45,800,000		GNMA		2.000		05/20/51		46,169
			TOTAL MORTGAGE BACKED						1,537,570
MUNICIPAL BONDS - 3.4%
	4,500,000	g	Basin Electric Power Coop		6.127		06/01/41		5,896
	1,170,000		Brunswick & Glynn County Development Authority		3.060		04/01/25		1,259
	3,000,000		California Earthquake Authority		1.477		07/01/23		3,076
	1,315,000	g	California Municipal Finance Authority		4.250		11/01/23		1,315
	14,000,000		Chicago Housing Authority		4.361		01/01/38		15,687
	11,645,000		Chicago Metropolitan Water Reclamation District-Greater Chicago		5.720		12/01/38		15,490
	3,035,000		City & County of Honolulu HI		2.668		10/01/27		3,241
	5,645,000		City & County of Honolulu HI		3.974		09/01/35		6,356
	1,615,000		City & County of Honolulu HI		4.004		09/01/36		1,816
	7,085,000		City & County of San Francisco CA		4.000		04/01/47		7,470
	5,500,000		City & County of San Francisco CA Community Facilities District		4.000		09/01/48		5,716
	5,395,000		City of Chicago IL		7.750		01/01/42		6,752
	1,105,000		City of Chicago IL		7.750		01/01/42		1,225
	1,250,000		City of Florence SC		4.250		12/01/34		1,307
	1,000,000		City of Houston TX Combined Utility System Revenue		3.375		11/15/24		1,096
	1,275,000		City of Houston TX Combined Utility System Revenue		4.172		11/15/38		1,417
	7,500,000		City of Los Angeles CA		3.880		09/01/38		8,140
	1,780,000	g	City of Miami FL		4.808		01/01/39		1,937
	3,665,000		City of Norfolk VA		3.050		10/01/36		3,908
	4,835,000		City of Oakland CA		2.070		01/15/29		4,729
	3,345,000		City of San Francisco CA Public Utilities Commission Water Revenue		3.000		11/01/26		3,653
	3,725,000		City of San Francisco CA Public Utilities Commission Water Revenue		3.950		11/01/36		4,040
	8,615,000		City of San Francisco CA Public Utilities Commission Water Revenue		3.303		11/01/39		9,108
	18,410,000		City of San Francisco CA Public Utilities Commission Water Revenue		2.825		11/01/41		18,555
	18,500,000		City of San Francisco CA Public Utilities Commission Water Revenue		4.185		11/01/46		19,986

382

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE (000)
$	1,000,000		City of San Juan Capistrano CA			3.700	%	08/01/31	$	1,084
	2,730,000		Commonwealth Financing Authority			3.864		06/01/38		3,049
	11,650,000	i	Connecticut Housing Finance Authority	SOFR + 0.650%		0.660		05/15/49		11,652
	7,650,000		County of Alameda CA			3.820		08/01/38		8,299
	1,500,000		County of Miami-Dade FL Aviation Revenue			2.218		10/01/22		1,541
	12,015,000		County of Miami-Dade FL Water & Sewer System Revenue			3.490		10/01/42		12,333
	935,000		County of Saline AR			3.550		06/01/42		953
	3,500,000		District of Columbia			3.432		04/01/42		3,440
	15,000,000		District of Columbia Water & Sewer Authority			4.814		10/01/14		19,463
	6,844,477	g	Freddie Mac Multifamily ML Certificates			1.877		07/25/37		6,810
	40,657,000	†	Freddie Mac Multifamily ML Certificates			1.746		11/25/37		6,851
	3,247,689	g	Freddie Mac Multifamily ML Certificates			1.896		11/25/37		3,229
	1,000,000		Grant County Public Utility District No 2			5.470		01/01/34		1,112
	1,250,000		Grant County Public Utility District No 2			4.164		01/01/35		1,431
	22,445,000		Grant County Public Utility District No 2			2.918		01/01/40		22,961
	9,255,000		Grant County Public Utility District No 2			3.210		01/01/40		9,678
	3,230,000		Great Lakes Water Authority Sewage Disposal System Revenue			3.056		07/01/39		3,288
	16,915,000		Great Lakes Water Authority Water Supply System Revenue			3.473		07/01/41		17,933
	1,200,000		Guadalupe Valley Electric Coop, Inc			5.671		10/01/32		1,411
	605,000		Guadalupe-Blanco River Authority Industrial Development Corp			3.287		04/15/23		623
	640,000		Henry County Water Authority			3.000		01/01/43		608
	850,000		Henry County Water Authority			3.200		01/01/49		803
	1,000,000		Honolulu City & County Board of Water Supply			2.327		07/01/32		995
	2,000,000		Kern County Water Agency Improvement District No 4			4.276		05/01/36		2,285
	6,430,000		Lavaca-Navidad River Authority			4.430		08/01/35		6,771
	8,655,000		Los Angeles Community College District			2.106		08/01/32		8,505
	3,125,000		Maryland Community Development Administration Housing Revenue			3.797		03/01/39		3,237
	4,650,000		Massachusetts St. Water Pollution Abatement			5.192		08/01/40		5,337
	10,735,000		Metropolitan Transportation Authority			5.175		11/15/49		13,297
	2,000,000		Michigan Finance Authority			5.000		07/01/31		2,279
	7,400,000		New Jersey Economic Development Authority			5.706		06/15/30		8,952
	3,000,000		New Jersey Economic Development Authority			5.756		06/15/31		3,665
	3,375,000		New Mexico Finance Authority			4.090		06/15/38		3,644
	4,065,000		New York City Housing Development Corp			3.119		08/01/38		4,079
	2,500,000		New York City Housing Development Corp			3.720		11/01/39		2,592
	1,225,000		New York State Environmental Facilities Corp			3.195		06/15/25		1,329
	2,120,000		New York State Environmental Facilities Corp			3.520		07/15/27		2,363
	17,500,000		New York Transportation Development Corp			5.000		01/01/26		20,440
	11,245,000		Ohio State Water Development Authority			4.879		12/01/34		13,250
	13,250,000	†,g,q	Oregon State Business Development Commission			6.500		04/01/31		4,240
	3,470,000	†,g	Oregon State Business Development Commission			0.000		04/01/37		1,110
	2,500,000		Palm Beach County Solid Waste Authority			2.636		10/01/24		2,659
	4,930,000		Papio-Missouri River Natural Resource District			2.088		12/15/24		5,149
	4,500,000		Pend Oreille County Public Utility District No Box Canyon			5.000		01/01/30		4,593
	7,250,000	g	Pennsylvania Economic Development Financing Authority			10.000		12/01/29		7,381

383

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE (000)
$	180,000	†,g	Pennsylvania Economic Development Financing Authority			5.750	%	06/01/36	$	108
	1,735,000	g	Public Finance Authority			9.000		06/01/29		1,722
	2,000,000		San Francisco City & County Redevelopment Agency			4.375		08/01/44		2,129
	36,330,000		State of California			3.750		10/01/37		39,127
	11,565,000		State of California			4.600		04/01/38		13,357
	10,050,000		State of California			4.988		04/01/39		10,850
	5,445,000	i	State of California	LIBOR 1 M + 0.780%		0.899		04/01/47		5,450
	8,000,000		State of Illinois			5.000		02/01/22		8,288
	9,000,000		State of Illinois			5.520		04/01/38		10,056
	4,405,000		State of Michigan			3.590		12/01/26		4,575
	2,500,000		State of Ohio			5.412		09/01/28		3,140
	3,370,000		State of Texas			3.726		08/01/43		3,502
	3,000		State of Wisconsin			5.700		05/01/26		3
	1,650,000	g	Syracuse Industrial Development Agency			5.000		01/01/36		1,554
	2,280,000		Tampa Bay Water			2.612		10/01/25		2,456
	3,225,000		Tampa Bay Water			2.782		10/01/26		3,467
	3,000,000		Tampa Bay Water			2.952		10/01/27		3,204
	1,255,000		Texas Water Development Board			4.248		10/15/35		1,363
	5,880,000		Texas Water Development Board			4.340		10/15/48		6,456
	4,170,000		Texas Water Development Board			4.648		04/15/50		4,487
	5,000,000		Tuolumne Wind Project Authority			6.918		01/01/34		6,476
	3,035,000		University of California			3.809		05/15/28		3,408
	11,400,000		University of California			4.009		05/15/30		13,010
	1,000,000		University of Cincinnati			3.250		06/01/29		1,063
	1,560,000		University of Cincinnati			3.650		06/01/34		1,656
	1,615,000		University of Cincinnati			3.700		06/01/35		1,712
	18,000,000		University of New Mexico			3.532		06/20/32		19,041
	500,000		Upper Allegheny Joint Sanitary Authority			3.550		09/01/39		524
	1,500,000		Upper Allegheny Joint Sanitary Authority			3.800		09/01/49		1,542
	5,000,000		Vermont Educational & Health Buildings Financing Agency			4.000		12/01/42		5,297
	3,000,000		Vermont Educational & Health Buildings Financing Agency			4.000		12/01/46		3,163
	1,000,000		Washington County Clean Water Services			5.078		10/01/24		1,143
			TOTAL MUNICIPAL BONDS							603,208
U.S. TREASURY SECURITIES - 2.4%
	6,000,000		United States Treasury Bond			3.125		02/15/43		6,827
	1,000,000		United States Treasury Bond			3.375		05/15/44		1,184
	35,830,000		United States Treasury Bond			2.875		11/15/46		39,147
	2,500,000		United States Treasury Bond			3.000		02/15/49		2,809
	9,350,000		United States Treasury Note			0.125		05/31/22		9,352
	4,150,000		United States Treasury Note			2.000		07/31/22		4,254
	4,500,000		United States Treasury Note			1.750		09/30/22		4,609
	21,821,000		United States Treasury Note			0.125		10/31/22		21,818
	10,350,000		United States Treasury Note			0.125		12/31/22		10,345
	31,765,000		United States Treasury Note			2.875		09/30/23		33,846
	6,100,000		United States Treasury Note			2.625		12/31/23		6,489
	14,973,000		United States Treasury Note			0.250		03/15/24		14,933
	1,525,000		United States Treasury Note			2.250		10/31/24		1,618
	18,842,000		United States Treasury Note			2.500		02/28/26		20,288
	40,455,000		United States Treasury Note			0.750		03/31/26		40,104

384

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE (000)
$	15,031,000		United States Treasury Note			0.500	%	10/31/27	$	14,237
	35,275,000		United States Treasury Note			0.625		11/30/27		33,638
	14,515,000		United States Treasury Note			1.125		02/29/28		14,261
	5,000,000		United States Treasury Note			1.250		03/31/28		4,948
	53,953,000		United States Treasury Note			1.125		02/15/31		50,977
	21,508,000		United States Treasury Note			1.875		02/15/41		20,026
	42,125,000		United States Treasury Note			1.375		08/15/50		32,871
	48,275,000		United States Treasury Note			1.625		11/15/50		40,227
			TOTAL U.S. TREASURY SECURITIES							428,808
			TOTAL GOVERNMENT BONDS							3,418,618
			(Cost $3,345,008)
STRUCTURED ASSETS - 3.4%
ASSET BACKED - 1.3%
	99,904	g	AMSR Trust			1.819		04/17/37		101
			Series - 2020 SFR1 (Class A)
	900,000	g	AMSR Trust			3.148		01/19/39		935
			Series - 2019 SFR1 (Class C)
	800,000	g	AMSR Trust			3.247		01/19/39		828
			Series - 2019 SFR1 (Class D)
	5,000,000	g,i	AREIT Trust	LIBOR 1 M + 1.020%		1.126		09/14/36		5,001
			Series - 2019 CRE3 (Class A)
	452,419	i	Asset Backed Securities Corp Home Equity Loan Trust	LIBOR 1 M + 0.900%		3.386		08/25/34		442
			Series - 2004 HE5 (Class M1)
	1,500,000	i	Bayview Financial Mortgage Pass-Through Trust	LIBOR 1 M + 0.975%		1.084		02/28/41		1,498
			Series - 2006 A (Class M3)
	65,134	i	Bear Stearns Asset Backed Securities Trust	LIBOR 1 M + 1.005%		1.114		04/25/36		65
			Series - 2006 SD1 (Class M1)
	4,500,000	g,i	BFLD Trust	LIBOR 1 M + 2.100%		2.206		10/15/35		4,545
			Series - 2020 EYP (Class C)
	3,677,552	g	Capital Automotive REIT			3.660		10/15/44		3,683
			Series - 2014 1A (Class A)
	3,668,089	g	Capital Automotive REIT			3.870		04/15/47		3,674
			Series - 2017 1A (Class A1)
	461,590	i	C-BASS Trust	LIBOR 1 M + 0.080%		0.189		07/25/36		448
			Series - 2006 CB6 (Class A1)
	3,684,591	i	Chase Funding Loan Acquisition Trust	LIBOR 1 M + 0.855%		0.964		06/25/34		3,599
			Series - 2004 OPT1 (Class M1)
	208,727	g	Corevest American Finance Trust			1.832		03/15/50		212
			Series - 2020 1 (Class A1)
	1,455,000	g	DB Master Finance LLC			3.629		11/20/47		1,481
			Series - 2017 1A (Class A2I)
	6,887,000	g	Domino’s Pizza Master Issuer LLC			3.082		07/25/47		6,898
			Series - 2017 1A (Class A2II)
	267,015	g,i	Ellington Loan Acquisition Trust	LIBOR 1 M + 1.100%		1.209		05/25/37		267
			Series - 2007 2 (Class A2C)
	4,235,556	g	HERO Funding Trust			3.840		09/21/40		4,442
			Series - 2015 1A (Class A)
	1,097,450	†,g	HERO Funding Trust			3.990		09/21/40		1,139
			Series - 2014 2A (Class A)

385

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE (000)
$	2,110,011	g	HERO Funding Trust			3.750	%	09/20/41	$	2,178
			Series - 2016 2A (Class A)
	2,002,259	g	HERO Funding Trust			4.050		09/20/41		2,094
			Series - 2016 1A (Class A)
	786,069	g	HERO Funding Trust			3.080		09/20/42		807
			Series - 2016 3A (Class A1)
	5,521,545	g	HERO Funding Trust			3.710		09/20/47		5,740
			Series - 2017 1A (Class A1)
	5,582,937	g	HERO Funding Trust			3.190		09/20/48		5,836
			Series - 2017 3A (Class A1)
	1,334,235	g	HERO Funding Trust			3.280		09/20/48		1,373
			Series - 2017 2A (Class A1)
	6,176,080	g	HERO Funding Trust			4.670		09/20/48		6,775
			Series - 2018 1A (Class A2)
	4,500,000	g	HERO Funding Trust			2.240		09/20/51		4,528
			Series - 2021 1A (Class A)
	25,072	i	Home Equity Asset Trust	LIBOR 1 M + 1.500%		3.986		06/25/33		25
			Series - 2003 1 (Class M1)
	99,980	g,i	Invitation Homes Trust	LIBOR 1 M + 1.450%		1.556		06/17/37		100
			Series - 2018 SFR2 (Class D)
	600,000	g,i	Invitation Homes Trust	LIBOR 1 M + 1.250%		1.358		01/17/38		603
			Series - 2018 SFR4 (Class B)
	499,336	i	JP Morgan Mortgage Acquisition Trust	LIBOR 1 M + 0.320%		0.429		03/25/37		494
			Series - 2007 CH3 (Class A1B)
	6,049,986	i	JP Morgan Mortgage Acquisition Trust	LIBOR 1 M + 0.160%		0.269		06/25/37		5,951
			Series - 2007 CH5 (Class A1)
	4,714,804	g	Loanpal Solar Loan Ltd			2.290		01/20/48		4,715
			Series - 2021 1GS (Class A)
	7,650,000	g	Loanpal Solar Loan Ltd			2.220		03/20/48		7,640
			Series - 2021 2GS (Class A)
	2,323,238	g	Mosaic Solar Loan Trust			2.100		04/20/46		2,345
			Series - 2020 1A (Class A)
	3,215,195	g	Mosaic Solar Loan Trust			3.100		04/20/46		3,351
			Series - 2020 1A (Class B)
	3,500,000	g	Mosaic Solar Loan Trust			2.050		12/20/46		3,448
			Series - 2021 1A (Class B)
	4,852,446	g	Mosaic Solar Loans LLC			3.820		06/22/43		5,217
			Series - 2017 2A (Class A)
	594,607	i	RASC Trust	LIBOR 1 M + 0.590%		3.080		08/25/35		595
			Series - 2005 KS8 (Class M4)
	3,222,063	g	Renew			3.670		09/20/52		3,421
			Series - 2017 1A (Class A)
	6,917,048	g	Renew			3.950		09/20/53		7,406
			Series - 2018 1 (Class A)
	5,750,000	†,g	Renew			2.060		11/20/56		5,749
			Series - 2021 1 (Class A)
	4,000,000		SCE Recovery Funding LLC			0.861		11/15/31		3,876
	3,901,191	g	SolarCity LMC			4.590		04/20/44		3,904
			Series - 2014 1 (Class A)
	20,786,170	g	SolarCity LMC			4.020		07/20/44		21,062
			Series - 2014 2 (Class A)
	2,602,312	g	SolarCity LMC			4.800		09/20/48		2,688
			Series - 2016 A (Class A)

386

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE (000)
$	13,126	i	Structured Asset Investment Loan Trust	LIBOR 1 M + 0.900%		1.009	%	09/25/34	$	13
			Series - 2004 8 (Class M1)
	62,079	i	Structured Asset Investment Loan Trust	LIBOR 1 M + 1.000%		1.109		09/25/34		62
			Series - 2004 8 (Class A9)
	1,703,546	i	Structured Asset Securities Corp Mortgage Loan Trust	LIBOR 1 M + 1.500%		1.615		04/25/35		1,708
			Series - 2005 7XS (Class 2A1A)
	2,842,229	g	Sunrun Athena Issuer LLC			5.310		04/30/49		3,117
			Series - 2018 1 (Class A)
	9,422,498	g	Sunrun Atlas Issuer LLC			3.610		02/01/55		9,945
			Series - 2019 2 (Class A)
	11,474,178	g	TES LLC			4.330		10/20/47		11,927
			Series - 2017 1A (Class A)
	2,500,000	g	TES LLC			7.740		10/20/47		2,461
			Series - 2017 1A (Class B)
	6,930,263	g	TES LLC			4.120		02/20/48		7,149
			Series - 2017 2A (Class A)
	329,955	g	Tesla Auto Lease Trust			3.710		08/20/21		331
			Series - 2018 B (Class A)
	4,125,000	g	Tesla Auto Lease Trust			2.200		11/21/22		4,224
			Series - 2019 A (Class A4)
	5,400,000	g	Tesla Auto Lease Trust			0.560		03/20/25		5,396
			Series - 2021 A (Class A3)
	6,650,000	g	Tesla Auto Lease Trust			0.660		03/20/25		6,644
			Series - 2021 A (Class A4)
	6,250,000	g	Tesla Auto Lease Trust			1.180		03/20/25		6,240
			Series - 2021 A (Class C)
	1,000,000	g	Tricon American Homes Trust			4.011		09/17/34		1,012
			Series - 2017 SFR1 (Class E)
	1,090,249	g	Tricon American Homes Trust			2.928		01/17/36		1,116
			Series - 2017 SFR2 (Class A)
	200,000	g	Tricon American Homes Trust			3.275		01/17/36		204
			Series - 2017 SFR2 (Class B)
	14,398,312	g	Vivint Colar Financing V LLC			4.730		04/30/48		15,454
			Series - 2018 1A (Class A)
	5,120,450	g	Vivint Solar Financing VII LLC			2.210		07/31/51		5,039
			Series - 2020 1A (Class A)
	1,451,250	g	Wendys Funding LLC			3.573		03/15/48		1,492
			Series - 2018 1A (Class A2I)
			TOTAL ASSET BACKED							234,713
OTHER MORTGAGE BACKED - 2.1%
	334,085	g,i	Agate Bay Mortgage Trust			3.500		11/25/44		338
			Series - 2014 3 (Class A13)
	192,730	g,i	Agate Bay Mortgage Trust			3.500		09/25/45		195
			Series - 2015 6 (Class A9)
	4,075,000	g,i	Alen Mortgage Trust	LIBOR 1 M + 2.250%		2.356		04/15/34		4,076
			Series - 2021 ACEN (Class C)
	225,553	i	Alternative Loan Trust	LIBOR 1 M + 0.750%		0.859		06/25/34		231
			Series - 2004 8CB (Class M1)
	5,000,000	g	BANK			2.500		10/17/52		4,427
			Series - 2019 BN21 (Class D)
	6,500,000	i	BANK			3.517		10/17/52		6,606
			Series - 2019 BN21 (Class C)

387

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE (000)
$	8,000,000	i	BANK			3.461	%	11/15/62	$	8,125
			Series - 2019 BN22 (Class C)
	4,940,000	g,i	BBCMS Mortgage Trust			4.267		08/05/38		4,211
			Series - 2018 CHRS (Class E)
	12,500,000	g	BBCMS Trust			3.593		09/15/32		12,828
			Series - 2015 MSQ (Class A)
	3,600,000	g	BBCMS Trust			3.894		09/15/32		3,697
			Series - 2015 MSQ (Class B)
	3,000,000	g,i	BBCMS Trust			3.688		02/15/53		3,093
			Series - 2020 C6 (Class F5TA)
	1,000,000		Benchmark Mortgage Trust			3.419		08/15/52		1,067
			Series - 2019 B12 (Class AS)
	8,870,000	g,i	Benchmark Mortgage Trust			3.899		03/15/62		9,248
			Series - 2019 B10 (Class 3CCA)
	2,000,000	i	CD Mortgage Trust			3.879		11/10/49		2,103
			Series - 2016 CD2 (Class B)
	2,000,000	i	Citigroup Commercial Mortgage Trust			4.151		04/10/48		2,106
			Series - 2015 GC29 (Class C)
	4,000,000		Citigroup Commercial Mortgage Trust			3.300		11/10/52		4,275
			Series - 2019 GC43 (Class AS)
	3,115,000		Citigroup Commercial Mortgage Trust			3.018		08/10/56		3,254
			Series - 2019 GC41 (Class AS)
	325,000	i	Citigroup Mortgage Loan Trust	LIBOR 1 M + 0.750%		0.859		01/25/36		324
			Series - 2006 WFH1 (Class M4)
	3,000,000	g,i	Cityline Commercial Mortgage Trust			2.778		11/10/31		3,117
			Series - 2016 CLNE (Class A)
	2,750,000	g,i	COMM Mortgage Trust			3.413		10/10/29		2,857
			Series - 2017 PANW (Class B)
	3,000,000	g,i	COMM Mortgage Trust			3.538		10/10/29		3,106
			Series - 2017 PANW (Class C)
	5,120,000	g	COMM Mortgage Trust			4.353		08/10/30		5,462
			Series - 2013 300P (Class A1)
	3,500,000	g,i	COMM Mortgage Trust			4.106		03/10/48		3,496
			Series - 2015 CR22 (Class D)
	1,100,000	i	COMM Mortgage Trust			4.293		05/10/48		1,170
			Series - 2015 CR23 (Class C)
	1,000,000	i	COMM Mortgage Trust			4.293		05/10/48		1,015
			Series - 2015 CR23 (Class D)
	2,500,000	i	COMM Mortgage Trust			3.463		08/10/48		2,250
			Series - 2015 CR24 (Class D)
	1,000,000		COMM Mortgage Trust			3.263		08/15/57		1,054
			Series - 2019 GC44 (Class AM)
	2,022,629	i	Connecticut Avenue Securities	LIBOR 1 M + 2.600%		2.709		05/25/24		1,989
			Series - 2014 C02 (Class 1M2)
	5,103,325	i	Connecticut Avenue Securities	LIBOR 1 M + 3.000%		3.109		07/25/24		5,031
			Series - 2014 C03 (Class 1M2)
	787,432	i	Connecticut Avenue Securities	LIBOR 1 M + 5.000%		5.109		11/25/24		794
			Series - 2014 C04 (Class 2M2)
	277,056	i	Connecticut Avenue Securities	LIBOR 1 M + 5.550%		5.659		04/25/28		292
			Series - 2015 C04 (Class 2M2)
	462,279	i	Connecticut Avenue Securities	LIBOR 1 M + 5.700%		5.809		04/25/28		490
			Series - 2015 C04 (Class 1M2)
	1,253,897	i	Connecticut Avenue Securities	LIBOR 1 M + 6.750%		6.859		08/25/28		1,326
			Series - 2016 C01 (Class 1M2)

388

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE (000)
$	1,137,551	i	Connecticut Avenue Securities	LIBOR 1 M + 6.950%		7.059	%	08/25/28	$	1,213
			Series - 2016 C01 (Class 2M2)
	855,372	i	Connecticut Avenue Securities	LIBOR 1 M + 6.000%		6.109		09/25/28		901
			Series - 2016 C02 (Class 1M2)
	1,792,832	i	Connecticut Avenue Securities	LIBOR 1 M + 5.900%		6.009		10/25/28		1,896
			Series - 2016 C03 (Class 2M2)
	3,249,535	i	Connecticut Avenue Securities	LIBOR 1 M + 4.250%		4.359		01/25/29		3,381
			Series - 2016 C04 (Class 1M2)
	2,604,823	i	Connecticut Avenue Securities	LIBOR 1 M + 4.450%		4.559		01/25/29		2,710
			Series - 2016 C05 (Class 2M2)
	1,215,582	i	Connecticut Avenue Securities	LIBOR 1 M + 4.250%		4.359		04/25/29		1,265
			Series - 2016 C06 (Class 1M2)
	618,051	i	Connecticut Avenue Securities	LIBOR 1 M + 2.200%		2.309		01/25/30		618
			Series - 2017 C05 (Class 1M2A)
	386,328	i	Connecticut Avenue Securities	LIBOR 1 M + 2.200%		2.309		01/25/30		390
			Series - 2017 C05 (Class 1M2)
	574,513	i	Connecticut Avenue Securities	LIBOR 1 M + 2.250%		2.359		07/25/30		575
			Series - 2018 C01 (Class 1M2)
	325,718	i	Connecticut Avenue Securities	LIBOR 1 M + 2.200%		2.309		08/25/30		325
			Series - 2018 C02 (Class 2M2)
	590,301	i	Connecticut Avenue Securities	LIBOR 1 M + 0.850%		0.959		10/25/30		586
			Series - 2018 C03 (Class 1EA2)
	705,664	i	Connecticut Avenue Securities	LIBOR 1 M + 2.550%		2.659		12/25/30		707
			Series - 2018 C04 (Class 2M2)
	1,504,162	g,i	Connecticut Avenue Securities	LIBOR 1 M + 2.450%		2.559		07/25/31		1,507
			Series - 2019 R01 (Class 2M2)
	2,030,836	g,i	Connecticut Avenue Securities	LIBOR 1 M + 2.100%		2.209		09/25/39		2,034
			Series - 2019 R06 (Class 2M2)
	1,360,000	g,i	Connecticut Avenue Securities	LIBOR 1 M + 2.000%		2.109		01/25/40		1,356
			Series - 2020 R02 (Class 2M2)
	2,666,367	g,i	Connecticut Avenue Securities Trust	LIBOR 1 M + 2.400%		2.550		04/25/31		2,671
			Series - 2018 R07 (Class 1M2)
	15,000,000	g	CPT Mortgage Trust			2.865		11/13/39		15,530
			Series - 2019 CPT (Class A)
	2,000,000	g,i	CPT Mortgage Trust			2.997		11/13/39		1,916
			Series - 2019 CPT (Class E)
	5,000,000	g,i	Credit Suisse Commercial Mortgage Trust			3.728		11/10/32		5,323
			Series - 2017 CALI (Class B)
	665,531	g,i	Credit Suisse Commercial Mortgage Trust	LIBOR 1 M + 0.650%		0.759		05/25/36		666
			Series - 2006 CF2 (Class M3)
	2,695,097	g,i	Credit Suisse Commercial Mortgage Trust			3.500		02/25/48		2,736
			Series - 2018 J1 (Class A11)
	6,650,000	g,i	CSAIL Commercial Mortgage Trust			3.677		06/15/37		6,783
			Series - 2017 C8 (Class 85BA)
	6,100,000	g,i	CSAIL Commercial Mortgage Trust			3.677		06/15/37		5,889
			Series - 2017 C8 (Class 85BB)
	2,000,000	g,i	CSMC Series			3.388		10/25/59		2,026
			Series - 2019 NQM1 (Class M1)
	3,823,865	g,i	CSMC Trust			3.500		02/25/48		3,882
			Series - 2018 J1 (Class A2)
	500,000	g,i	Ellington Financial Mortgage Trust			3.587		06/25/59		501
			Series - 2019 1 (Class M1)
	15,250,000		Federal National Mortgage Association (FNMA)			1.561		11/25/30		14,601
			Series - 2021 M1G (Class A2)

389

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE (000)
$	571,672	i	Fieldstone Mortgage Investment Trust	LIBOR 1 M + 0.735%		0.844	%	12/25/35	$	570
			Series - 2005 2 (Class M2)
	1,335,603	g,i	FirstKey Mortgage Trust			3.500		11/25/44		1,360
			Series - 2014 1 (Class A8)
	556,321	g,i	Flagstar Mortgage Trust			4.106		10/25/47		577
			Series - 2017 2 (Class B3)
	291,323	g,i	Flagstar Mortgage Trust			4.000		09/25/48		295
			Series - 2018 5 (Class A11)
	4,948,145		Freddie Mac Multifamily Structured Pass Through Certificates			1.555		01/25/36		4,648
			Series - 2020 Q014 (Class A1)
	10,201,749	i	Freddie Mac Multifamily Structured Pass Through Certificates			2.803		10/25/55		2,120
			Series - 2020 Q014 (Class X)
	6,145,000		Freddie Mac Multifamily Variable Rate Certificate			1.761		09/15/38		6,086
			Series - 2020 M061 (Class A)
	1,191,020	g,i	Freddie Mac Structured Agency Credit Risk Debt Notes			3.726		02/25/48		1,190
			Series - 2018 SPI1 (Class M2)
	1,453,860	g,i	Freddie Mac Structured Agency Credit Risk Debt Notes			3.809		05/25/48		1,452
			Series - 2018 SPI2 (Class M2)
	644,886	g,i	Freddie Mac Structured Agency Credit Risk Debt Notes			4.489		11/25/48		645
			Series - 2018 SPI4 (Class M2B)
	2,000,000	g,i	GS Mortgage Securities Trust	LIBOR 1 M + 1.090%		1.196		10/15/31		1,998
			Series - 2018 HART (Class A)
	3,000,000		GS Mortgage Securities Trust			3.143		10/10/49		3,175
			Series - 2016 GS3 (Class AS)
	830,000	i	GS Mortgage Securities Trust			3.811		11/10/49		782
			Series - 2016 GS4 (Class C)
	1,343,067	g,i	GS Mortgage-Backed Securities Corp Trust			3.500		07/25/50		1,356
			Series - 2020 PJ2 (Class A4)
	977,064	i	HarborView Mortgage Loan Trust	LIBOR 1 M + 0.620%		0.730		08/19/45		978
			Series - 2005 11 (Class 2A1A)
	6,000,000	g	Hudson Yards Mortgage Trust			2.835		08/10/38		6,301
			Series - 2016 10HY (Class A)
	5,000,000	g,i	Hudson Yards Mortgage Trust			2.977		08/10/38		5,238
			Series - 2016 10HY (Class B)
	5,000,000	g,i	Hudson Yards Mortgage Trust			2.977		08/10/38		5,174
			Series - 2016 10HY (Class C)
	7,000,000	g	Hudson Yards Mortgage Trust			3.228		07/10/39		7,456
			Series - 2019 30HY (Class A)
	1,000,000	g,i	Hudson Yards Mortgage Trust			2.943		12/10/41		981
			Series - 2019 55HY (Class D)
	7,000,000	g,i	Hudson Yards Mortgage Trust			2.943		12/10/41		6,673
			Series - 2019 55HY (Class E)
	2,500,000	g,i	Hudson Yards Mortgage Trust			2.943		12/10/41		2,325
			Series - 2019 55HY (Class F)
	215,244	i	Impac CMB Trust	LIBOR 1 M + 0.660%		0.769		03/25/35		220
			Series - 2004 11 (Class 2A1)
	2,800,000		JP Morgan Chase Commercial Mortgage Securities Corp			3.372		12/15/47		2,909
			Series - 2013 C10 (Class AS)

390

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE (000)
$	1,483,905	g,i	JP Morgan Mortgage Trust	LIBOR 1 M - 0.000%		2.124	%	12/25/44	$	1,517
			Series - 2015 1 (Class B1)
	218,296	g,i	JP Morgan Mortgage Trust			3.500		05/25/45		221
			Series - 2015 3 (Class A19)
	968,575	g,i	JP Morgan Mortgage Trust			3.500		10/25/45		979
			Series - 2015 6 (Class A13)
	422,164	g,i	JP Morgan Mortgage Trust			3.500		05/25/46		428
			Series - 2016 1 (Class A13)
	27,203	g,i	JP Morgan Mortgage Trust			3.500		01/25/47		27
			Series - 2017 1 (Class A3)
	585,860	g,i	JP Morgan Mortgage Trust			3.500		05/25/47		587
			Series - 2017 2 (Class A5)
	524,657	g,i	JP Morgan Mortgage Trust			3.500		05/25/47		532
			Series - 2017 2 (Class A13)
	259,198	g,i	JP Morgan Mortgage Trust			3.500		09/25/48		259
			Series - 2018 3 (Class A13)
	84,969	g,i	JP Morgan Mortgage Trust			3.500		10/25/48		86
			Series - 2018 4 (Class A13)
	340,752	g,i	JP Morgan Mortgage Trust			3.500		10/25/48		346
			Series - 2018 5 (Class A13)
	746,779	g,i	JP Morgan Mortgage Trust			3.115		10/26/48		764
			Series - 2017 5 (Class A2)
	313,367	g,i	JP Morgan Mortgage Trust			4.000		01/25/49		320
			Series - 2018 8 (Class A13)
	721,025	g,i	JP Morgan Mortgage Trust			4.000		02/25/49		733
			Series - 2018 9 (Class A13)
	134,566	g,i	JP Morgan Mortgage Trust			4.000		05/25/49		137
			Series - 2019 1 (Class A3)
	738,497	g,i	JP Morgan Mortgage Trust			4.000		05/25/49		751
			Series - 2019 1 (Class A15)
	139,987	g,i	JP Morgan Mortgage Trust			4.757		09/25/49		148
			Series - 2019 3 (Class B1)
	1,727,433	g,i	JP Morgan Mortgage Trust	LIBOR 1 M + 0.950%		1.059		10/25/49		1,740
			Series - 2019 INV1 (Class A11)
	1,645,526	g,i	JP Morgan Mortgage Trust			3.889		06/25/50		1,721
			Series - 2020 1 (Class B2)
	10,000,000	g	Liberty Street Trust			3.597		02/10/36		10,853
			Series - 2016 225L (Class A)
	4,000,000	g,i	MAD Mortgage Trust			2.976		08/15/34		4,164
			Series - 2017 330M (Class A)
	4,000,000	g,i	MAD Mortgage Trust			3.142		08/15/34		4,128
			Series - 2017 330M (Class B)
	3,000,000	g,i	Manhattan West			2.335		09/10/39		2,979
			Series - 2020 1MW (Class C)
	445,456	i	Morgan Stanley Capital I Trust	LIBOR 1 M + 0.825%		0.934		08/25/34		441
			Series - 2004 HE6 (Class M1)
	211,046	†,i	Morgan Stanley Capital I Trust			6.099		12/12/49		119
			Series - 2007 IQ16 (Class AJFX)
	3,000,000	g,i	MSDB Trust			3.316		07/11/39		3,157
			Series - 2017 712F (Class A)
	15,780,000	g,i	Natixis Commercial Mortgage Securities Trust	LIBOR 1 M + 0.784%		0.890		07/15/33		15,681
			Series - 2018 850T (Class A)
	5,750,000	g,i	Natixis Commercial Mortgage Securities Trust	LIBOR 1 M + 1.500%		1.606		07/15/36		5,767
			Series - 2019 MILE (Class A)

391

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE (000)
$	9,000,000	g,i	Natixis Commercial Mortgage Securities Trust	LIBOR 1 M + 3.500%		3.606	%	07/15/36	$	8,930
			Series - 2019 MILE (Class E)
	1,500,000	g,i	Natixis Commercial Mortgage Securities Trust	LIBOR 1 M + 4.250%		4.356		07/15/36		1,477
			Series - 2019 MILE (Class F)
	98,590	i	New York Mortgage Trust	LIBOR 1 M + 0.480%		0.589		02/25/36		99
			Series - 2005 3 (Class A1)
	628,367	g,i	OBX Trust	LIBOR 1 M + 0.650%		0.759		06/25/57		630
			Series - 2018 1 (Class A2)
	317,478	g,i	OBX Trust	LIBOR 1 M + 0.750%		0.859		07/25/58		318
			Series - 2018 EXP2 (Class 2A1A)
	11,800,000	g	One Bryant Park Trust			2.516		09/15/54		11,911
			Series - 2019 OBP (Class A)
	3,900,000	g	One Market Plaza Trust			3.614		02/10/32		3,988
			Series - 2017 1MKT (Class A)
	929,745	g,i	Sequoia Mortgage Trust			3.500		05/25/45		946
			Series - 2015 2 (Class A1)
	409,410	g,i	Sequoia Mortgage Trust			3.500		06/25/46		415
			Series - 2016 1 (Class A19)
	118,568	g,i	Sequoia Mortgage Trust			3.500		11/25/46		119
			Series - 2016 3 (Class A10)
	1,033,221	g,i	Sequoia Mortgage Trust			3.500		04/25/47		1,047
			Series - 2017 3 (Class A19)
	709,558	g,i	Sequoia Mortgage Trust			3.749		09/25/47		752
			Series - 2017 6 (Class B1)
	326,018	g,i	Sequoia Mortgage Trust			3.500		02/25/48		332
			Series - 2018 2 (Class A1)
	260,815	g,i	Sequoia Mortgage Trust			3.500		02/25/48		265
			Series - 2018 2 (Class A19)
	18,269	g,i	Sequoia Mortgage Trust			3.500		03/25/48		18
			Series - 2018 3 (Class A4)
	59,045	g,i	Sequoia Mortgage Trust			4.000		09/25/48		60
			Series - 2018 7 (Class A19)
	15,509	g,i	Sequoia Mortgage Trust			4.000		11/25/48		16
			Series - 2018 8 (Class A19)
	1,017,371	g,i	Sequoia Mortgage Trust			4.000		06/25/49		1,036
			Series - 2019 2 (Class A1)
	246,576	g,i	Sequoia Mortgage Trust			4.000		06/25/49		250
			Series - 2019 2 (Class A19)
	852,787	g,i	Sequoia Mortgage Trust			3.500		11/25/49		863
			Series - 2019 4 (Class A1)
	904,710	g,i	Sequoia Mortgage Trust			3.500		12/25/49		913
			Series - 2019 5 (Class A1)
	505,574	g,i	Sequoia Mortgage Trust			3.500		12/25/49		510
			Series - 2019 5 (Class A19)
	2,480,365	g,i	Sequoia Mortgage Trust			3.500		03/25/50		2,532
			Series - 2020 2 (Class A1)
	1,793,561	g,i	Sequoia Mortgage Trust			3.000		04/25/50		1,834
			Series - 2020 3 (Class A19)
	101,327	g,i	Shellpoint Co-Originator Trust			3.500		11/25/46		102
			Series - 2016 1 (Class 1A10)
	1,006,237	g,i	Shellpoint Co-Originator Trust			3.500		10/25/47		1,023
			Series - 2017 2 (Class A1)
	26,775	i	Structured Agency Credit Risk Debt Note (STACR)	LIBOR 1 M + 4.150%		4.259		01/25/25		27
			Series - 2015 DN1 (Class M3)

392

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE (000)
$	215,617	i	STACR	LIBOR 1 M + 1.350%		1.459	%	03/25/29	$	216
			Series - 2016 HQA3 (Class M2)
	333,135	i	STACR	LIBOR 1 M + 3.250%		3.359		07/25/29		342
			Series - 2017 DNA1 (Class M2)
	428,534	i	STACR	LIBOR 1 M + 1.200%		1.309		10/25/29		429
			Series - 2017 DNA2 (Class M1)
	482,327	i	STACR	LIBOR 1 M + 1.800%		1.909		07/25/30		479
			Series - 2018 DNA1 (Class M2)
	2,270,795	i	STACR	LIBOR 1 M + 2.300%		2.472		08/25/30		2,271
			Series - 2018 HQA1 (Class M2)
	364,776	g,i	STACR			4.023		09/25/47		364
			Series - 2017 SPI1 (Class M2)
	344,449	g,i	STACR			4.148		08/25/48		344
			Series - 2018 SPI3 (Class M2)
	754,258	g,i	STACR			4.489		11/25/48		753
			Series - 2018 SPI4 (Class M2)
	278,831	g,i	STACR	LIBOR 1 M + 1.950%		2.059		10/25/49		279
			Series - 2019 DNA4 (Class M2)
	1,634,207	g,i	STACR	LIBOR 1 M + 2.050%		2.159		11/25/49		1,634
			Series - 2019 HQA4 (Class M2)
	617,480	g,i	STACR	LIBOR 1 M + 1.700%		1.809		12/25/49		615
			Series - 2020 DNA1 (Class M2)
	670,000	g,i	STACR	LIBOR 1 M + 1.850%		1.959		02/25/50		667
			Series - 2020 DNA2 (Class M2)
	2,620,000	g,i	STACR	LIBOR 1 M + 3.100%		3.209		03/25/50		2,649
			Series - 2020 HQA2 (Class M2)
	475,000	g	Tricon American Homes			2.049		07/17/38		472
			Series - 2020 SFR1 (Class B)
	1,291,097	g	VERUS A3 (Step Bond)			1.733		05/25/65		1,292
			Series - 2020 5 (Class A3)
	1,600,000	g,i	Verus Securitization Trust			3.781		05/25/59		1,582
			Series - 2019 2 (Class M1)
	1,600,000	g,i	Verus Securitization Trust			3.139		07/25/59		1,602
			Series - 2019 3 (Class M1)
	1,030,000		Wells Fargo Commercial Mortgage Trust			3.539		10/15/45		1,067
			Series - 2012 LC5 (Class AS)
	335,506	g,i	Wells Fargo Mortgage Backed Securities Trust			4.000		04/25/49		340
			Series - 2019 2 (Class A17)
	319,570	g,i	WinWater Mortgage Loan Trust			3.854		06/20/44		324
			Series - 2014 1 (Class B4)
			TOTAL OTHER MORTGAGE BACKED							366,869
			TOTAL STRUCTURED ASSETS							601,582
			(Cost $592,580)
			TOTAL BONDS							6,973,073
			(Cost $6,856,354)

393

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
COMMON STOCKS - 59.6%
AUTOMOBILES & COMPONENTS - 1.4%
	124,768	*	Aptiv plc	$	17,206
	158,222		Bayerische Motoren Werke AG.		16,420
	58,601		Bayerische Motoren Werke AG. (Preference)		4,665
	14,525		BorgWarner, Inc		673
	210,382		Denso Corp		14,025
	145,956		Magna International, Inc		12,855
	56,903		Michelin (C.G.D.E.) (Class B)		8,522
	31,000		Stanley Electric Co Ltd		926
	97,152	*	Tenneco, Inc		1,041
	191,276	*	Tesla, Inc		127,759
	480,500	*	Toyota Motor Corp		37,393
	70,308		Valeo S.A.		2,385
			TOTAL AUTOMOBILES & COMPONENTS		243,870
BANKS - 3.0%
	2,364		Ameris Bancorp		124
	33,649		Associated Banc-Corp		718
	906,354		Australia & New Zealand Banking Group Ltd		19,460
	2,848,333	*	Banco Bilbao Vizcaya Argentaria S.A.		14,843
	1,189,707	*	Bank Hapoalim Ltd		9,252
	215,816		Bank of Montreal		19,237
	180,784		Bank of Nova Scotia		11,310
	53,164		Bank OZK		2,172
	2,405		Banner Corp		128
	53,890		Berkshire Hills Bancorp, Inc		1,203
	346,998		BNP Paribas S.A.		21,142
	3,250,000		BOC Hong Kong Holdings Ltd		11,370
	8,511		Brookline Bancorp, Inc		128
	10,169		Bryn Mawr Bank Corp		463
	2,629		Cadence BanCorp		55
	2,629,194		CaixaBank S.A.		8,163
	6,038		Camden National Corp		289
	79,444		Canadian Imperial Bank of Commerce		7,779
	469,548		Citigroup, Inc		34,160
	523,129		Citizens Financial Group, Inc		23,096
	2,120		Columbia Banking System, Inc		91
	120,557		Comerica, Inc		8,649
	747		Commerce Bancshares, Inc		57
	455,925		Commonwealth Bank of Australia		29,915
	889		Community Trust Bancorp, Inc		39
	3,881		Cullen/Frost Bankers, Inc		422
	52,866	*	Customers Bancorp, Inc		1,682
	750,793		DBS Group Holdings Ltd		16,098
	84,052		Erste Bank der Oesterreichischen Sparkassen AG.		2,848
	14,372		Federal Agricultural Mortgage Corp (FAMC)		1,448
	7,030		First Busey Corp		180
	50,617		First Republic Bank		8,440
	1,019		Glacier Bancorp, Inc		58
	58,849		Great Western Bancorp, Inc		1,783
	1,984		Hancock Whitney Corp		83
	626,900		Hang Seng Bank Ltd		12,173
	10,817		Heartland Financial USA, Inc		544
	4,964		Heritage Financial Corp		140
	22,048		HomeStreet, Inc		972

394

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
	324,425		Huntington Bancshares, Inc	$	5,100
	6,586,481		Intesa Sanpaolo S.p.A.		17,847
	134,807		Investors Bancorp, Inc		1,980
	122,862		KBC Groep NV		8,940
	108,670		Kearny Financial Corp		1,313
	246,238		Keycorp		4,920
	26,805		Live Oak Bancshares, Inc		1,836
	12,050		MGIC Investment Corp		167
	17,431	*	Mr Cooper Group, Inc		606
	30,139		National Bank Holdings Corp		1,196
	938		NBT Bancorp, Inc		37
	520,534		New York Community Bancorp, Inc		6,569
	9,051		Old National Bancorp		175
	187,316		People’s United Financial, Inc		3,353
	60,116		Pinnacle Financial Partners, Inc		5,330
	280,804		PNC Financial Services Group, Inc		49,256
	759,309		Regions Financial Corp		15,687
	2,027,100		Resona Holdings, Inc		8,515
	1,005,063	e	Skandinaviska Enskilda Banken AB (Class A)		12,260
	507,917		Societe Generale		13,279
	1,800,034		Standard Chartered plc		12,394
	13,659		Stock Yards Bancorp, Inc		697
	301,200		Sumitomo Mitsui Trust Holdings, Inc		10,509
	21,643	*	SVB Financial Group		10,684
	906,846		Svenska Handelsbanken AB		9,859
	2,226	*	Texas Capital Bancshares, Inc		158
	6,965		TFS Financial Corp		142
	20,196	*	The Bancorp, Inc		418
	4,787		Trico Bancshares		227
	33,943	*	Tristate Capital Holdings, Inc		783
	577,842		Truist Financial Corp		33,700
	1,700		Trustmark Corp		57
	2,050		Umpqua Holdings Corp		36
	12,481		Univest Financial Corp		357
	3,957		Webster Financial Corp		218
	25,913		WesBanco, Inc		934
	2,021		Westamerica Bancorporation		127
	1,140,253		Westpac Banking Corp		21,150
	1,110		Wintrust Financial Corp		84
	1,706		WSFS Financial Corp		85
	62,293		Zions Bancorporation		3,424
			TOTAL BANKS		535,123
CAPITAL GOODS - 4.2%
	239,694		3M Co		46,184
	790		Acuity Brands, Inc		130
	17,432	*	Aegion Corp		501
	110,001		Ashtead Group plc		6,567
	142,033		Assa Abloy AB		4,088
	212,409		Atlas Copco AB (A Shares)		12,950
	202,746		Atlas Copco AB (B Shares)		10,567
	94,662	*	Axon Enterprise, Inc		13,482
	51,819		Barnes Group, Inc		2,567
	688	*	Beacon Roofing Supply, Inc		36

395

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
	161,467	*	Bloom Energy Corp	$	4,368
	46,560		Bouygues S.A.		1,865
	38,706		Brenntag AG.		3,307
	301,661	*	CAE, Inc		8,596
	20,011		Carlisle Cos, Inc		3,293
	74,042		Carrier Global Corp		3,126
	244,957		Caterpillar, Inc		56,798
	801,457		CNH Industrial NV		12,407
	46,183		Cubic Corp		3,444
	40,473		Cummins, Inc		10,487
	82,730		Curtiss-Wright Corp		9,812
	39,500		Daifuku Co Ltd		3,882
	84,700		Daikin Industries Ltd		17,123
	92,545		DCC plc		8,027
	151,206		Deere & Co		56,572
	197,000		Eaton Corp		27,241
	1,733		EMCOR Group, Inc		194
	134,164		Fastenal Co		6,746
	113,958		Ferguson plc		13,613
	113,122		Fortive Corp		7,991
	1,653		Fortune Brands Home & Security, Inc		158
	13,357	*	Herc Holdings, Inc		1,353
	159,294	*	Hexcel Corp		8,920
	103,600	*	Hitachi Construction Machinery Co Ltd		3,320
	26,167		Hochtief AG.		2,343
	1,811		IDEX Corp		379
	181,137		Illinois Tool Works, Inc		40,125
	360,455		Johnson Controls International plc		21,508
	303,500		Kajima Corp		4,317
	1,335,270		Keppel Corp Ltd		5,290
	417,800		Komatsu Ltd		12,947
	573,800		Kubota Corp		13,090
	14,151		Legrand S.A.		1,315
	86		Lennox International, Inc		27
	193,335		Masco Corp		11,581
	102,904	*	Mercury Systems, Inc		7,270
	568,300		Mitsubishi Corp		16,111
	26,435		Moog, Inc (Class A)		2,198
	47,453		MTU Aero Engines Holding AG.		11,178
	4,501	*	MYR Group, Inc		323
	333,800		Obayashi Corp		3,064
	5,749		Owens Corning, Inc		529
	70,625		PACCAR, Inc		6,562
	54,182		Parker-Hannifin Corp		17,091
	44,193		Rockwell Automation, Inc		11,731
	42,308		Roper Technologies Inc		17,065
	4,744		Rush Enterprises, Inc (Class A)		236
	256,074		Sandvik AB		7,007
	158,495		Schneider Electric S.A.		24,144
	355,600		Shimizu Corp		2,879
	192,109		Siemens AG.		31,566
	825,000		Singapore Technologies Engineering Ltd		2,390
	10,692		Snap-On, Inc		2,467
	23,984		Stanley Black & Decker, Inc		4,789

396

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
	42,186	*	Teledyne Technologies, Inc	$	17,450
	78,708		Trane Technologies plc		13,031
	20,355	*	Trimas Corp		617
	34,364	*	United Rentals, Inc		11,316
	20,908	*	Vectrus, Inc		1,117
	46,500		Vestas Wind Systems AS		9,592
	605,919	e	Volvo AB (B Shares)		15,345
	14,984		W.W. Grainger, Inc		6,008
	1,964		Wabash National Corp		37
	350,496		Wartsila Oyj (B Shares)		3,674
	3,684	*	WESCO International, Inc		319
	40,937		Woodward Inc		4,938
	12,800		WSP Global, Inc		1,218
	42,125		Xylem, Inc		4,431
			TOTAL CAPITAL GOODS		740,330
COMMERCIAL & PROFESSIONAL SERVICES - 1.0%
	834		ABM Industries, Inc		42
	11,940		ACCO Brands Corp		101
	25,543		Adecco S.A.		1,723
	1,000	*	ASGN Inc		95
	1,175		Brambles Ltd		9
	18,022		Cintas Corp		6,151
	157,975	*	Copart, Inc		17,158
	13,650	*	FTI Consulting, Inc		1,912
	5,059		Heidrick & Struggles International, Inc		181
	9,677	*	Huron Consulting Group, Inc		487
	4,826		ICF International, Inc		422
	297,255		IHS Markit Ltd		28,768
	125,772		Intertek Group plc		9,712
	45,168	*	Kelly Services, Inc (Class A)		1,006
	37,666	e	Randstad Holdings NV		2,644
	319,000		Recruit Holdings Co Ltd		15,665
	724,451		RELX plc (London)		18,170
	21,731		Resources Connection, Inc		294
	59,122		Robert Half International, Inc		4,616
	111,469		Science Applications International Corp		9,318
	1,100		Secom Co Ltd		93
	3,476		SGS S.A.		9,877
	11,939		Teleperformance		4,353
	134,906		TransUnion		12,141
	1,668	*	TriNet Group, Inc		130
	17,138		Verisk Analytics, Inc		3,028
	38,441	*	Viad Corp		1,605
	164,044		Waste Management, Inc		21,165
	29,805		Wolters Kluwer NV		2,589
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		173,455
CONSUMER DURABLES & APPAREL - 1.3%
	51,093		Adidas-Salomon AG.		15,961
	540,582		Barratt Developments plc		5,560
	73,428		Berkeley Group Holdings plc		4,495
	92,878	*	Burberry Group plc		2,430
	15,787		Callaway Golf Co		422

397

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
	55,526		DR Horton, Inc	$	4,949
	107,090		Essilor International S.A.		17,446
	46,726		Ethan Allen Interiors, Inc		1,290
	6,993		Garmin Ltd		922
	30,027	*,e	GoPro, Inc		350
	9,916	*	Green Brick Partners, Inc		225
	804		Hasbro, Inc		77
	26,388	*	iRobot Corp		3,224
	45,901		Lennar Corp (Class A)		4,647
	30,886	*	Lululemon Athletica, Inc		9,473
	19,657	*	Mohawk Industries, Inc		3,780
	10,439		Newell Brands Inc		280
	482,417		Nike, Inc (Class B)		64,108
	2,383	*	NVR, Inc		11,226
	990,000		Panasonic Corp		12,820
	23,595		Pandora AS		2,524
	9,035		Puma AG. Rudolf Dassler Sport		886
	448	*	PVH Corp		47
	6,371		SEB S.A.		1,122
	296,900		Sekisui House Ltd		6,386
	219,500	e	Sharp Corp		3,801
	150,871	*	Sonos, Inc		5,653
	310,000		Sony Corp		32,808
	1,162,041		Taylor Wimpey plc		2,889
	67,001		VF Corp		5,355
			TOTAL CONSUMER DURABLES & APPAREL		225,156
CONSUMER SERVICES - 1.6%
	138,079		Accor S.A.		5,202
	30,274	*	American Public Education, Inc		1,079
	22,833	*	Booking Holdings, Inc		53,197
	37,421	*	Bright Horizons Family Solutions		6,416
	31,423		Carriage Services, Inc		1,106
	753,484	*	Compass Group plc		15,223
	49,243		Darden Restaurants, Inc		6,993
	88,227	*	Dave & Buster’s Entertainment, Inc		4,226
	26,877		Domino’s Pizza, Inc		9,885
	40,919	*	El Pollo Loco Holdings, Inc		660
	14,861	*	frontdoor, Inc		799
	8,070		Graham Holdings Co		4,539
	266,798	*	Hilton Worldwide Holdings, Inc		32,261
	158,434		InterContinental Hotels Group plc		10,896
	19,476	*	Marriott Vacations Worldwide Corp		3,392
	65,700		Oriental Land Co Ltd		9,887
	31,334	*	Planet Fitness, Inc		2,422
	238,714	*	Royal Caribbean Cruises Ltd		20,436
	88,932		Service Corp International		4,540
	3,541	*	Shake Shack, Inc		399
	81,613	*	Six Flags Entertainment Corp		3,793
	540,818		Starbucks Corp		59,095
	97,805	*	Terminix Global Holdings, Inc		4,662
	21,804	*	Vail Resorts, Inc		6,359
	84,369		Wendy’s		1,709
	105,535	*	Whitbread plc		4,982

398

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
	26,116	*	WW International Inc	$	817
			TOTAL CONSUMER SERVICES		274,975
DIVERSIFIED FINANCIALS - 3.5%
	754,289		3i Group plc		11,987
	201,454		Ally Financial, Inc		9,108
	359,995		American Express Co		50,918
	2,187		Ameriprise Financial, Inc		508
	62,766	g	Amundi S.A.		5,016
	24,514		Annaly Capital Management, Inc		211
	567,420		Bank of New York Mellon Corp		26,833
	77,700		BlackRock, Inc		58,583
	423,347		Brookfield Asset Management, Inc		18,831
	692,424		Charles Schwab Corp		45,132
	143,202		CME Group, Inc		29,246
	47,319		Deutsche Boerse AG.		7,863
	398,157		Discover Financial Services		37,821
	1,832		Equitable Holdings, Inc		60
	41,024		Eurazeo		3,121
	10,143		Factset Research Systems, Inc		3,130
	108,404		Franklin Resources, Inc		3,209
	10,629	*	Green Dot Corp		487
	355,946		Hong Kong Exchanges and Clearing Ltd		21,117
	390,770		Intercontinental Exchange Group, Inc		43,641
	43,051		Invesco Ltd		1,086
	201,402	e	Kinnevik AB		9,789
	125,663		London Stock Exchange Group plc		12,013
	140,584		Macquarie Group Ltd		16,389
	21,097		MarketAxess Holdings, Inc		10,505
	426,600	e	Mitsubishi UFJ Lease & Finance Co Ltd		2,579
	75,425		Moody’s Corp		22,523
	687,380		Morgan Stanley		53,382
	26,306		Nasdaq Inc		3,879
	992,837		Natixis		4,746
	12,048	*,†	NewStar Financial, Inc		3
	134,282		Northern Trust Corp		14,114
	5,978	*	PRA Group, Inc		222
	120,917		S&P Global, Inc		42,668
	128,832		Schroders plc		6,216
	2,147,611		Standard Life Aberdeen plc		8,580
	140,454		State Street Corp		11,799
	30,871		T Rowe Price Group, Inc		5,297
	14,300		Tokyo Century Corp		963
	1,220,986		UBS Group AG		18,890
	29,618		Voya Financial, Inc		1,885
	26,666		Wendel		3,309
			TOTAL DIVERSIFIED FINANCIALS		627,659
ENERGY - 1.9%
	405,017		Antero Midstream Corp		3,657
	186,268	*	APA Corp		3,334
	294,726		Baker Hughes Co		6,369
	1,361,721		Cenovus Energy, Inc (Toronto)		10,229
	3,725	*	ChampionX Corp		81

399

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
	149,986	*	Cheniere Energy, Inc	$	10,800
	564,586		Chevron Corp		59,163
	14,792		Cimarex Energy Co		878
	530,502		ConocoPhillips		28,101
	2,773		Delek US Holdings, Inc		60
	620,242		Enbridge, Inc (Toronto)		22,595
	1,241,757		ENI S.p.A.		15,301
	233,687	*	EQT Corp		4,342
	659,898		Equinor ASA		12,881
	504,797		Galp Energia SGPS S.A.		5,852
	271,927	*	Helix Energy Solutions Group, Inc		1,373
	108,695		Hess Corp		7,691
	257,586		Inpex Holdings, Inc		1,761
	5,808		Keyera Corp		121
	1,070,901		Kinder Morgan, Inc		17,831
	6,109		Koninklijke Vopak NV		304
	756,127	*	Kosmos Energy Ltd		2,321
	1,551,279		Marathon Oil Corp		16,568
	202,173		Neste Oil Oyj		10,737
	5,349	*	NOV, Inc		73
	5,830	*	Oceaneering International, Inc		67
	154,469		OMV AG.		7,828
	26,109		ONEOK, Inc		1,323
	1,000,603		Repsol YPF S.A.		12,419
	558,608		Schlumberger Ltd		15,189
	114,888	*	Select Energy Services, Inc		572
	824,555	*	Southwestern Energy Co		3,834
	677,763		Suncor Energy, Inc		14,168
	641,830	e	Total S.A.		29,922
	227,210		Valero Energy Corp		16,268
	971		Woodside Petroleum Ltd		18
			TOTAL ENERGY		344,031
FOOD & STAPLES RETAILING - 0.6%
	293,800		Aeon Co Ltd		8,776
	232,229		Alimentation Couche Tard, Inc		7,488
	212,676	*	BJ’s Wholesale Club Holdings, Inc		9,541
	86,085		Carrefour S.A.		1,559
	59,180		Casey’s General Stores, Inc		12,794
	57,614	*	Chefs’ Warehouse Holdings, Inc		1,755
	13,275		Coles Group Ltd		162
	79,465		George Weston Ltd		7,037
	1,559		ICA Gruppen AB		76
	1,889,086		J Sainsbury plc		6,317
	1,474		Jeronimo Martins SGPS S.A.		25
	75,900		Kobe Bussan Co Ltd		2,035
	800		Lawson, Inc		39
	138,558		Loblaw Cos Ltd		7,740
	52,767	*	Performance Food Group Co		3,040
	41,285		Pricesmart, Inc		3,994
	67,145		SpartanNash Co		1,318
	223,757	*	Sprouts Farmers Market, Inc		5,956
	3,730,523		Tesco plc		11,778
	102,099	*	United Natural Foods, Inc		3,363

400

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
	276,660	*	US Foods Holding Corp	$	10,546
	1,600		Welcia Holdings Co Ltd		55
	1,824,513		WM Morrison Supermarkets plc		4,589
			TOTAL FOOD & STAPLES RETAILING		109,983
FOOD, BEVERAGE & TOBACCO - 2.1%
	364,500		Ajinomoto Co, Inc		7,472
	246,023	*	Associated British Foods plc		8,174
	3,168		Barry Callebaut AG.		7,173
	52,309	*,e	Beyond Meat, Inc		6,806
	1,758		Bunge Ltd		139
	87,999		Campbell Soup Co		4,424
	423,452		Coca-Cola Amatil Ltd		4,330
	1,244,449		Coca-Cola Co		65,595
	210,758		Coca-Cola European Partners plc (Class A)		10,993
	209,464		Coca-Cola HBC AG.		6,658
	245,617		Danone		16,812
	14,883	*	Darling International, Inc		1,095
	58,541		Fresh Del Monte Produce, Inc		1,676
	414,306		General Mills, Inc		25,405
	2,360	*	Hain Celestial Group, Inc		103
	235,683		Hormel Foods Corp		11,261
	150,346		Kellogg Co		9,517
	91,432		Kerry Group plc (Class A)		11,419
	136,700		Kikkoman Corp		8,152
	82,304		McCormick & Co, Inc		7,338
	88,600	e	MEIJI Holdings Co Ltd		5,697
	113,527		Mowi ASA		2,820
	589,332		Nestle S.A.		65,697
	29,600		Nissin Food Products Co Ltd		2,194
	302,914		Orkla ASA		2,971
	520,924		PepsiCo, Inc		73,685
	141,100		Suntory Beverage & Food Ltd		5,262
	7,621	*	TreeHouse Foods, Inc		398
	12,300		Yakult Honsha Co Ltd		622
			TOTAL FOOD, BEVERAGE & TOBACCO		373,888
HEALTH CARE EQUIPMENT & SERVICES - 3.1%
	41,223	*	Abiomed, Inc		13,139
	40,357	*	Accelerate Diagnostics, Inc		336
	210,453		Alcon, Inc		14,769
	193,700		Alfresa Holdings Corp		3,740
	47,728	*	Align Technology, Inc		25,846
	283,411	*	Allscripts Healthcare Solutions, Inc		4,255
	67,252	*	Angiodynamics, Inc		1,574
	224,873	*	Antares Pharma, Inc		924
	15,256	*	AtriCure, Inc		1,000
	1,253	*	Axonics Modulation Technologies, Inc		75
	47,953		Becton Dickinson & Co		11,660
	26,339		Cardinal Health, Inc		1,600
	455,960	*	Centene Corp		29,140
	340,621		Cerner Corp		24,484
	265,873	*	Cerus Corp		1,598
	217,762		Cigna Corp		52,642

401

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
	6,294		Cochlear Ltd	$	1,012
	50,637		Coloplast AS		7,613
	22,324	e	Computer Programs & Systems, Inc		683
	39,227		Cooper Cos, Inc		15,067
	95,771	*	Covetrus, Inc		2,870
	94	*	DaVita, Inc		10
	197,737		Dentsply Sirona, Inc		12,618
	53,782	*	DexCom, Inc		19,329
	401,646	*	Edwards Lifesciences Corp		33,594
	156,672	*	Envista Holdings Corp		6,392
	355,621		Fisher & Paykel Healthcare Corp		7,985
	43,373	*	GenMark Diagnostics, Inc		1,037
	14,264	*	Glaukos Corp		1,197
	13,596	*	Globus Medical, Inc		838
	26,726		GN Store Nord		2,104
	11,296	*	Guardant Health, Inc		1,724
	6,003	*	Haemonetics Corp		666
	119,439		HCA Healthcare, Inc		22,495
	61,418	*	Health Catalyst, Inc		2,873
	26,822	*	Henry Schein, Inc		1,857
	6,148	*,e	Heska Corp		1,036
	106,104	*	Hologic, Inc		7,892
	98,772		Humana, Inc		41,410
	56,097	*	IDEXX Laboratories, Inc		27,449
	8,609	*	Inogen, Inc		452
	527	*	Insulet Corp		137
	21,056	*	Integer Holding Corp		1,939
	20,890	*	Intersect ENT, Inc		436
	43,327	*	Laboratory Corp of America Holdings		11,050
	27,738		LeMaitre Vascular, Inc		1,353
	8,932	*	LivaNova plc		659
	1,600	*	Magellan Health Services, Inc		149
	14,728	*	Meridian Bioscience, Inc		387
	64,072	*	Merit Medical Systems, Inc		3,837
	2,746	*	ModivCare, Inc		407
	104,848	*	NextGen Healthcare, Inc		1,898
	40,658	*	Omnicell, Inc		5,280
	57,111	*	OraSure Technologies, Inc		666
	35,173	*	Orthofix Medical Inc		1,525
	14,512	*	Penumbra, Inc		3,927
	2,830		Premier, Inc		96
	26,889		Quest Diagnostics, Inc		3,451
	66,700	*	Quidel Corp		8,533
	143,876		Ramsay Health Care Ltd		7,349
	77,779		Resmed, Inc		15,091
	282,183		Ryman Healthcare Ltd		3,020
	41,536	*	Sonova Holdings AG		11,010
	45,749	*	Staar Surgical Co		4,822
	31,659		STERIS plc		6,030
	79,600		Sysmex Corp		8,592
	30,332	*	Tactile Systems Technology, Inc		1,653
	16,289	*	Tandem Diabetes Care, Inc		1,437
	96,463	*	Teladoc, Inc		17,532
	16,267	*,e	Triple-S Management Corp (Class B)		423

402

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
	36,171	*	Varian Medical Systems, Inc	$	6,385
	58,639	*	Vocera Communications, Inc		2,255
	42,461		West Pharmaceutical Services, Inc		11,965
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		550,279
HOUSEHOLD & PERSONAL PRODUCTS - 1.5%
	32,966		Beiersdorf AG.		3,483
	80,286		Clorox Co		15,485
	293,850		Colgate-Palmolive Co		23,164
	367,053	e	Essity AB		11,601
	103,265		Estee Lauder Cos (Class A)		30,035
	100,862		Henkel KGaA		9,993
	37,753		Henkel KGaA (Preference)		4,245
	172,500		Kao Corp		11,414
	62,815		Kimberly-Clark Corp		8,734
	10,700		Kobayashi Pharmaceutical Co Ltd		999
	4,400		Kose Corp		624
	92,800	e	Lion Corp		1,809
	68,724		L’Oreal S.A.		26,327
	729,555		Procter & Gamble Co		98,804
	189,400		Shiseido Co Ltd		12,738
	234,200		Uni-Charm Corp		9,834
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		269,289
INSURANCE - 2.0%
	1,874,753		Aegon NV		8,908
	306,899		Aflac, Inc		15,707
	110,611		Allianz AG.		28,135
	108,592		Allstate Corp		12,477
	114		Arthur J. Gallagher & Co		14
	519,493		Assicurazioni Generali S.p.A.		10,379
	2,310,470		Aviva plc		13,023
	574,060		AXA S.A.		15,410
	223,154		Chubb Ltd		35,252
	181,875		CNP Assurances		3,450
	1,814	*	eHealth, Inc		132
	277,229	*	Genworth Financial, Inc (Class A)		920
	3,513,568		Legal & General Group plc		13,490
	82,426		Lincoln National Corp		5,133
	199,125		Loews Corp		10,211
	92,811		Manulife Financial Corp (Toronto)		1,996
	265,026		Marsh & McLennan Cos, Inc		32,280
	28,362		Metlife, Inc		1,724
	82,300		MS&AD Insurance Group Holdings Inc		2,421
	31,684		Muenchener Rueckver AG.		9,758
	642		Principal Financial Group		39
	277,620		Progressive Corp		26,543
	302,108		Prudential Financial, Inc		27,522
	304,703		QBE Insurance Group Ltd		2,232
	234,400		Sompo Holdings, Inc		8,981
	75,475		Sun Life Financial, Inc		3,814
	120,642	e	Swiss Re Ltd		11,864
	130,200		Tokio Marine Holdings, Inc		6,196
	144,829		Travelers Cos, Inc		21,782

403

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
	388		White Mountains Insurance Group Ltd	$	433
	15,095		Willis Towers Watson plc		3,455
	48,991		Zurich Insurance Group AG		20,853
			TOTAL INSURANCE		354,534
MATERIALS - 3.0%
	124,345		Agnico-Eagle Mines Ltd		7,188
	132,474		Air Liquide		21,630
	16,377		Amcor plc		191
	418,696		Antofagasta plc		9,753
	11,973		Aptargroup, Inc		1,696
	480,800		Asahi Kasei Corp		5,550
	612	*	Axalta Coating Systems Ltd		18
	656,561		B2Gold Corp		2,827
	264,965		Ball Corp		22,453
	175,954		BASF SE		14,622
	213,652		BlueScope Steel Ltd		3,153
	279,785		Boliden AB		10,381
	83,968	*	Century Aluminum Co		1,483
	80	*	Chr Hansen Holding A/S		7
	1,679		Compass Minerals International, Inc		105
	345,191		CRH plc		16,154
	89,942		Croda International plc		7,870
	45,293		DSM NV		7,657
	422,195		DuPont de Nemours, Inc		32,627
	158,351		Ecolab, Inc		33,898
	496,318		Evolution Mining Ltd		1,546
	820,503		Fortescue Metals Group Ltd		12,505
	68,702		Franco-Nevada Corp		8,610
	3,439		Givaudan S.A.		13,265
	102,204		HeidelbergCement AG.		9,286
	204,900	*	Hitachi Metals Ltd		3,382
	64,875		International Flavors & Fragrances, Inc		9,057
	1,576		International Paper Co		85
	11,455		Johnson Matthey plc		476
	232,473		Linde plc		65,125
	17,256		Martin Marietta Materials, Inc		5,795
	486,000		Mitsubishi Chemical Holdings Corp		3,650
	70,092		Mitsui Chemicals, Inc		2,218
	279,116		Mondi plc		7,116
	142,209		Mosaic Co		4,495
	435,438		Newcrest Mining Ltd		8,226
	467,270		Newmont Goldcorp Corp		28,162
	48,000		Nippon Paint Co Ltd		693
	722,300		Nippon Steel Corp		12,328
	89,700		Nitto Denko Corp		7,689
	1,421,941		Norsk Hydro ASA		9,133
	148,145		Nucor Corp		11,892
	266,808		Nutrien Ltd (Toronto)		14,373
	21,796		PPG Industries, Inc		3,275
	2,785		Reliance Steel & Aluminum Co		424
	5,386		Schnitzer Steel Industries, Inc (Class A)		225
	116,800		Shin-Etsu Chemical Co Ltd		19,786
	48,119		Sika AG.		13,760

404

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
	152,065		Stora Enso Oyj (R Shares)	$	2,837
	1,354,900		Sumitomo Chemical Co Ltd		7,030
	233,400		Sumitomo Metal Mining Co Ltd		10,115
	161,101	*	Summit Materials, Inc		4,514
	368,271		Svenska Cellulosa AB (B Shares)		6,518
	493,417		Teck Cominco Ltd		9,451
	9,000		Toray Industries, Inc		58
	24,182		Trinseo S.A.		1,540
	190,257		Umicore S.A.		10,094
	24,373		UPM-Kymmene Oyj		876
	29,581	*	US Concrete, Inc		2,169
	112,930		Voestalpine AG.		4,677
	120,838		Wheaton Precious Metals Corp		4,616
			TOTAL MATERIALS		540,335
MEDIA & ENTERTAINMENT - 3.7%
	500,990		Activision Blizzard, Inc		46,592
	64,491	*	Alphabet, Inc (Class A)		133,014
	62,695	*	Alphabet, Inc (Class C)		129,693
	3,276		Cable One, Inc		5,990
	24,275	*	Cardlytics, Inc		2,663
	203,003	*,e	Cinemark Holdings, Inc		4,143
	315,639	*,e	Discovery, Inc (Class A)		13,718
	534,621	*	Discovery, Inc (Class C)		19,722
	176,664		Electronic Arts, Inc		23,915
	172,694		Gray Television, Inc		3,178
	115,001	*	iHeartMedia, Inc		2,087
	94,351	*	Imax Corp		1,896
	846,899		Informa plc		6,539
	118,083		Interpublic Group of Cos, Inc		3,448
	54,390		John Wiley & Sons, Inc (Class A)		2,948
	19,931	*	Liberty Broadband Corp (Class A)		2,893
	191,643	*	Liberty Broadband Corp (Class C)		28,775
	251,893	*	Live Nation, Inc		21,323
	19,344	*	Madison Square Garden Co		3,472
	65,267		New York Times Co (Class A)		3,304
	34,700		Nintendo Co Ltd		19,558
	330,290		Omnicom Group, Inc		24,491
	487,241	*	Pinterest, Inc		36,070
	5,210	*	Roku, Inc		1,697
	44,164		Scholastic Corp		1,330
	10,426	*	Seek Ltd		227
	88,037		Sinclair Broadcast Group, Inc (Class A)		2,576
	2,315,197	e	Sirius XM Holdings, Inc		14,100
	10,548	*	Snap, Inc		552
	88,138	*	Take-Two Interactive Software, Inc		15,574
	9,574		TEGNA, Inc		180
	199,175	*	TripAdvisor, Inc		10,714
	525,571	*	Twitter, Inc		33,442
	157,334		Vivendi Universal S.A.		5,164
	43,536		World Wrestling Entertainment, Inc (Class A)		2,362
	766,310		WPP plc		9,765
	1,705,187	*	Zynga, Inc		17,410
			TOTAL MEDIA & ENTERTAINMENT		654,525

405

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 4.6%
	435,391		AbbVie, Inc	$	47,118
	60,235	*	Acadia Pharmaceuticals, Inc		1,554
	81,136	*	Aerie Pharmaceuticals, Inc		1,450
	169,932		Agilent Technologies, Inc		21,605
	52,036	*	Agios Pharmaceuticals, Inc		2,687
	203,299		Amgen, Inc		50,583
	22,172	*	AnaptysBio, Inc		478
	49,057	*	Assembly Biosciences, Inc		226
	789,014		Astellas Pharma, Inc		12,154
	316,107		AstraZeneca plc		31,550
	12,200	e	AstraZeneca plc (ADR)		607
	77,855	*	Atara Biotherapeutics, Inc		1,118
	7,622	*	Avrobio, Inc		97
	2,859	*	Axsome Therapeutics, Inc		162
	280,534	*,e	BioCryst Pharmaceuticals, Inc		2,853
	66,217	*	Biogen, Inc		18,524
	53,268	*	BioMarin Pharmaceutical, Inc		4,022
	59,106	*	Bluebird Bio, Inc		1,782
	781,661		Bristol-Myers Squibb Co		49,346
	233,464	*,e	Canopy Growth Corp (Toronto)		7,498
	294,191		Chugai Pharmaceutical Co Ltd		11,954
	61,644	*	Collegium Pharmaceutical, Inc		1,461
	123,859		CSL Ltd		25,032
	76,600		Daiichi Sankyo Co Ltd		2,235
	93,300		Eisai Co Ltd		6,271
	312,933		Eli Lilly & Co		58,462
	5,911	*,e	Esperion Thereapeutics, Inc		166
	39,409	*,e	Flexion Therapeutics, Inc		353
	416,197		Gilead Sciences, Inc		26,899
	1,350,654		GlaxoSmithKline plc		23,910
	73,762		H Lundbeck AS		2,519
	37,085	*	Halozyme Therapeutics, Inc		1,546
	15,388	*	Illumina, Inc		5,910
	37,142	*	Insmed, Inc		1,265
	101,039	*	Intra-Cellular Therapies, Inc		3,428
	65,232	*	IQVIA Holdings, Inc		12,599
	31,436	*	Jazz Pharmaceuticals plc		5,167
	76,245	*	Karyopharm Therapeutics, Inc		802
	27,166		Lonza Group AG.		15,194
	37,332	*	MacroGenics, Inc		1,189
	774,590		Merck & Co, Inc		59,713
	77,306		Merck KGaA		13,224
	6,684	*	Mettler-Toledo International, Inc		7,725
	3,119	*	Mirati Therapeutics, Inc		534
	5,985	*	Novavax, Inc		1,085
	430,856		Novo Nordisk AS		29,033
	341,800		Ono Pharmaceutical Co Ltd		8,939
	404,765	*,e	Opko Health, Inc		1,736
	96,567	e	Orion Oyj (Class B)		3,869
	47,491		Perrigo Co plc		1,922
	73,470	*	Prothena Corp plc		1,846
	10,952	*	Regeneron Pharmaceuticals, Inc		5,182

406

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
	16,525	*	Repligen Corp	$	3,213
	82,779	*	Revance Therapeutics, Inc		2,314
	151,067		Roche Holding AG.		48,937
	6,648	*	Sage Therapeutics, Inc		498
	99,156	*	Sangamo Therapeutics Inc		1,242
	18,000		Santen Pharmaceutical Co Ltd		248
	125,300		Shionogi & Co Ltd		6,764
	189,500		Sumitomo Dainippon Pharma Co Ltd		3,306
	426,482	*,e	TherapeuticsMD, Inc		571
	130,625		Thermo Fisher Scientific, Inc		59,615
	5,130	*	Tricida, Inc		27
	104,008		UCB S.A.		9,887
	31,375	*	Ultragenyx Pharmaceutical, Inc		3,572
	155,840	*	Vertex Pharmaceuticals, Inc		33,488
	21,120	*	Waters Corp		6,002
	30,112	*,e	ZIOPHARM Oncology, Inc		108
	258,627		Zoetis, Inc		40,729
	15,799	*,e	Zogenix, Inc		308
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		817,413
REAL ESTATE - 2.0%
	56,085		Alexandria Real Estate Equities, Inc		9,215
	179,534		American Tower Corp		42,919
	3,067		Americold Realty Trust		118
	81,697		Boston Properties, Inc		8,273
	768,947		British Land Co plc		5,350
	60,579		Brixmor Property Group, Inc		1,226
	2,743,273		CapitaLand Ltd		7,686
	32,768		CatchMark Timber Trust, Inc		334
	95,616	*	CBRE Group, Inc		7,564
	176,600		City Developments Ltd		1,050
	9,087		Coresite Realty		1,089
	26,996		Cousins Properties, Inc		954
	34,910		CyrusOne, Inc		2,364
	301,100		Daiwa House Industry Co Ltd		8,837
	155,597		Deutsche Wohnen AG.		7,258
	343,105	*	DiamondRock Hospitality Co		3,534
	6,866		Douglas Emmett, Inc		216
	22,810		Easterly Government Properties, Inc		473
	40,768		Equinix, Inc		27,706
	39,158		First Industrial Realty Trust, Inc		1,793
	28,167		Fonciere Des Regions		2,409
	55,983		Franklin Street Properties Corp		305
	539		Gecina S.A.		74
	710,446		Goodman Group		9,810
	683,337		GPT Group		2,397
	230,600		Healthpeak Properties Inc		7,319
	333,832	*	Host Hotels and Resorts, Inc		5,625
	35,653	*	Howard Hughes Corp		3,392
	26,120		Hudson Pacific Properties		709
	322,500		Hulic Co Ltd		3,812
	945		Iron Mountain, Inc		35
	30,104	e	iStar Inc		535
	6,486	*	Jones Lang LaSalle, Inc		1,161

407

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
	4,380		Kilroy Realty Corp	$	288
	98,487		Kimco Realty Corp		1,847
	37,913	e	Klepierre		883
	55,191		Lend Lease Corp Ltd		544
	1,375,900		Link REIT		12,553
	269,561	e	Macerich Co		3,154
	1,039,835		Mirvac Group		1,984
	567,800		Mitsubishi Estate Co Ltd		9,943
	362,810		Mitsui Fudosan Co Ltd		8,270
	97,100		Nomura Real Estate Holdings, Inc		2,347
	457,370	*	Park Hotels & Resorts, Inc		9,870
	1,743		Piedmont Office Realty Trust, Inc		30
	391,541		Prologis, Inc		41,503
	6,300	e	QTS Realty Trust, Inc		391
	66,712	*	Realogy Holdings Corp		1,009
	17,946		Regency Centers Corp		1,018
	37,230		RLJ Lodging Trust		576
	2,740		RMR Group, Inc		112
	57,147		SBA Communications Corp		15,861
	672,078		Segro plc		8,685
	888,670		Stockland Trust Group		2,983
	522,500		Swire Pacific Ltd (Class A)		3,936
	1,237,600		Swire Properties Ltd		3,842
	36,081		UDR, Inc		1,583
	120,218	e	Unibail-Rodamco-Westfield		9,605
	12,238		Unibail-Rodamco-Westfield		981
	75,749		Ventas, Inc		4,040
	179,548		Vicinity Centres		227
	199,274		Welltower, Inc		14,274
	267,809		Weyerhaeuser Co		9,534
	66,474	*	Xenia Hotels & Resorts, Inc		1,296
			TOTAL REAL ESTATE		348,711
RETAILING - 2.4%
	48,436	*,e	1-800-FLOWERS.COM, Inc (Class A)		1,337
	17,906		Advance Auto Parts, Inc		3,286
	99	*	Burlington Stores, Inc		30
	3,189	*	CarMax, Inc		423
	65,087	*,g	Delivery Hero AG.		8,436
	102,541	*	Designer Brands, Inc		1,784
	21,858	*	Dollar Tree, Inc		2,502
	697,933		eBay, Inc		42,741
	13,700		Fast Retailing Co Ltd		10,952
	7,052	*	Five Below, Inc		1,345
	23,876	*	Gap, Inc		711
	27,595	*	Genesco, Inc		1,311
	679		Genuine Parts Co		79
	45,833	*	Groupon, Inc		2,317
	54,715	e	Hennes & Mauritz AB (B Shares)		1,233
	31,775	*	Hibbett Sports, Inc		2,189
	289,683		Home Depot, Inc		88,426
	266,617		Industria De Diseno Textil S.A.		8,809
	185,262	*	JD Sports Fashion plc		2,106
	25,673		Kering		17,716

408

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
	579,682	*	Kingfisher plc	$	2,541
	20,161	*	Lands’ End, Inc		500
	88,793	*	LKQ Corp		3,759
	239,757		Lowe’s Companies, Inc		45,597
	470,365	*	Macy’s, Inc		7,615
	38,743	*	MarineMax, Inc		1,912
	700	e	Marui Co Ltd		13
	370	*	MercadoLibre, Inc		545
	40,457		Next plc		4,385
	177,046	*	Ocado Ltd		4,964
	201		Pool Corp		69
	158,227		Prosus NV		17,607
	163,752	*	Quotient Technology, Inc		2,676
	823,400	*	Rakuten, Inc		9,837
	118,535	*	RealReal, Inc		2,682
	49,943		Ross Stores, Inc		5,989
	1,746	*	Sally Beauty Holdings, Inc		35
	18,267		Shoe Carnival, Inc		1,130
	253,035		Target Corp		50,119
	356,256		TJX Companies, Inc		23,566
	18,613		Tractor Supply Co		3,296
	108,049	*	Wayfair, Inc		34,008
	31,943		Williams-Sonoma, Inc		5,724
	874		Winmark Corp		163
	44,352	*,g	Zalando SE		4,346
	20,869	*	Zumiez, Inc		895
			TOTAL RETAILING		431,706
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.7%
	466,514		Applied Materials, Inc		62,326
	277,300		ASM Pacific Technology		3,549
	90,970		ASML Holding NV		55,816
	24,908	*	Cirrus Logic, Inc		2,112
	30,431	*	Cree, Inc		3,291
	83,349	*	First Solar, Inc		7,276
	1,315,317		Intel Corp		84,180
	79,568		Lam Research Corp		47,362
	177,311		NVIDIA Corp		94,672
	698,553	*	ON Semiconductor Corp		29,067
	20,887	*	Silicon Laboratories, Inc		2,947
	363,990		Texas Instruments, Inc		68,790
	46,800		Tokyo Electron Ltd		20,341
	13,005		Universal Display Corp		3,079
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		484,808
SOFTWARE & SERVICES - 7.4%
	248,160		Accenture plc		68,554
	163,332	*	Adobe, Inc		77,643
	110,866		Amadeus IT Holding S.A.		7,897
	9,303	*	Anaplan, Inc		501
	24,284	*	Aspen Technology, Inc		3,505
	105,088		Atos Origin S.A.		8,193
	152,753	*	Autodesk, Inc		42,336
	171,164		Automatic Data Processing, Inc		32,259

409

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
	163,329	*	Avaya Holdings Corp	$	4,578
	59,147	*	Benefitfocus, Inc		817
	12,430	*	Bill.Com Holdings, Inc		1,809
	95,940	*	Blackline, Inc		10,400
	9,059	*	BM Technologies, Inc		106
	152,094	*	Cadence Design Systems, Inc		20,835
	86,783		Cap Gemini S.A.		14,755
	117,233	*	CGI, Inc		9,765
	36,352	*	ChannelAdvisor Corp		856
	3,509		Computershare Ltd		40
	399	*	Computershare Ltd		5
	30,186	*	Concentrix Corp		4,519
	62,144		CSG Systems International, Inc		2,790
	484,214	*	DXC Technology Co		15,137
	42,950	*	Elastic NV		4,776
	63,460	*	ExlService Holdings, Inc		5,722
	118,616	*	Five9, Inc		18,543
	96,200		Fujitsu Ltd		13,998
	436,483		International Business Machines Corp		58,166
	127,985		Intuit, Inc		49,026
	245,964	*,e	Limelight Networks, Inc		878
	19,414	*	Liveperson, Inc		1,024
	256,835		Mastercard, Inc (Class A)		91,446
	1,531,501		Microsoft Corp		361,082
	197,081		NEC Corp		11,637
	97,079	*	New Relic, Inc		5,968
	206,400		Nomura Research Institute Ltd		6,412
	136,794	*	Nutanix, Inc		3,633
	117,858	*	Okta, Inc		25,979
	6,151	*	OneSpan, Inc		151
	1,800		Otsuka Corp		84
	30,916	*	Paylocity Holding Corp		5,560
	347,720	*	PayPal Holdings, Inc		84,440
	61,209	*	Perficient, Inc		3,594
	23,560	*	Qualys, Inc		2,469
	32,039	*	Rapid7, Inc		2,390
	526,665	*	Sabre Corp		7,800
	313,422	*	salesforce.com, Inc		66,405
	256,975		SAP AG.		31,520
	16,595	*	ServiceNow, Inc		8,299
	26,592	*	Shopify, Inc (Class A) (Toronto)		29,358
	38,675	*	Smartsheet, Inc		2,472
	68,112	*	SPS Commerce, Inc		6,764
	900		Sumisho Computer Systems Corp		54
	122,773	*	SVMK, Inc		2,249
	75,256	*	Sykes Enterprises, Inc		3,317
	65,053	*	Teradata Corp		2,507
	33,501		TTEC Holdings, Inc		3,365
	151,214	*	VMware, Inc (Class A)		22,750
	81,990	*	WEX, Inc		17,154
	149,466		Wisetech Global Ltd		3,326
	75,983	*	Workday, Inc		18,877
	10,526	*	Workiva, Inc		929
	439	*	Xero Ltd		43
			TOTAL SOFTWARE & SERVICES		1,311,467

410

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
TECHNOLOGY HARDWARE & EQUIPMENT - 2.0%
	1,479		Belden CDT, Inc	$	66
	4,665		Benchmark Electronics, Inc		144
	146,808	*	Ciena Corp		8,033
	1,499,626		Cisco Systems, Inc		77,546
	149,502		Cognex Corp		12,407
	915,659		Corning, Inc		39,840
	39,338		CTS Corp		1,222
	122,731		Dolby Laboratories, Inc (Class A)		12,116
	4,523	*	ePlus, Inc		451
	27,324	*	Fabrinet		2,470
	1,703,864		Hewlett Packard Enterprise Co		26,819
	1,434,582		HP, Inc		45,548
	13,445	*	Insight Enterprises, Inc		1,283
	4,037	*	Itron, Inc		358
	49,274		Keyence Corp		22,457
	174,539	*	Keysight Technologies, Inc		25,029
	22,856	*	Kimball Electronics, Inc		590
	128,945	*	Knowles Corp		2,697
	16,834	*	Lumentum Holdings, Inc		1,538
	8,736		Methode Electronics, Inc		367
	4,667		Motorola Solutions, Inc		878
	186,600		Murata Manufacturing Co Ltd		15,020
	3,862	*	Novanta, Inc		509
	57,800		Omron Corp		4,528
	732	*	OSI Systems, Inc		70
	64,222	*	Ribbon Communications, Inc		527
	12,298	*	Rogers Corp		2,315
	5,900		Shimadzu Corp		214
	30,286		Synnex Corp		3,478
	50,300		TDK Corp		7,002
	4,376		TE Connectivity Ltd		565
	232,638	*	Trimble Inc		18,097
	182,563	*	TTM Technologies, Inc		2,647
	83,123		Vishay Intertechnology, Inc		2,002
	9,139	*	Vishay Precision Group, Inc		281
	49,114	*	Zebra Technologies Corp (Class A)		23,829
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		362,943
TELECOMMUNICATION SERVICES - 1.2%
	79,759	*	Boingo Wireless, Inc		1,122
	6,303,708	*	BT Group plc		13,448
	185,712	*	Iridium Communications, Inc		7,661
	551,132		KDDI Corp		16,981
	75,553		Koninklijke KPN NV		256
	2,960	*	Liberty Global plc (Class A)		76
	7,192	*	Liberty Global plc (Class C)		184
	921,525		Orange S. A.		11,340
	185,118		Rogers Communications, Inc (Class B)		8,536
	3,175,800		Singapore Telecommunications Ltd		5,771
	1,174,700	e	Softbank Corp		15,282
	2,271		Swisscom AG.		1,218

411

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
	2,071		Tele2 AB (B Shares)	$	28
	394,386		Telefonica Deutschland Holding AG.		1,157
	230,397		Telenor ASA		4,059
	217,361		TeliaSonera AB		942
	14,204		TELUS Corp		283
	265,055	*	T-Mobile US, Inc		33,209
	1,356,277		Verizon Communications, Inc		78,868
	9,829,741		Vodafone Group plc		17,925
			TOTAL TELECOMMUNICATION SERVICES		218,346
TRANSPORTATION - 1.7%
	115,400	*	All Nippon Airways Co Ltd		2,685
	48,438		ArcBest Corp		3,409
	143,974	*	Auckland International Airport Ltd		790
	29,563	*	Avis Budget Group, Inc		2,144
	208,105		Canadian National Railway Co		24,151
	47,700		Central Japan Railway Co		7,142
	61,508		CH Robinson Worldwide, Inc		5,870
	429,521		CSX Corp		41,414
	839,171	*	Delta Air Lines, Inc		40,515
	356,440		Deutsche Post AG.		19,555
	134,300		East Japan Railway Co		9,550
	51,566	*	Echo Global Logistics, Inc		1,620
	75,281		Getlink S.E.		1,154
	6,165		Kansas City Southern		1,627
	100		Keio Corp		7
	16,500	*	Kintetsu Corp		630
	18,511		Kuehne & Nagel International AG.		5,287
	459		Landstar System, Inc		76
	1,619,864		MTR Corp		9,213
	157,678		Nippon Yusen Kabushiki Kaisha		5,393
	127,441		Norfolk Southern Corp		34,220
	1,374		Old Dominion Freight Line		330
	123,000		SG Holdings Co Ltd		2,824
	672,749	*,e	Singapore Airlines Ltd		2,778
	364,523	*	Sydney Airport		1,722
	1,403,260		Transurban Group		14,266
	348,966		United Parcel Service, Inc (Class B)		59,321
	200		West Japan Railway Co		11
			TOTAL TRANSPORTATION		297,704
UTILITIES - 1.7%
	200,189	e	Algonquin Power & Utilities Corp		3,172
	312,047		American Electric Power Co, Inc		26,430
	36,735		American Water Works Co, Inc		5,507
	500,415		APA Group		3,821
	141,446		Centerpoint Energy, Inc		3,204
	983,500		CLP Holdings Ltd		9,576
	13,619		CMS Energy Corp		834
	210,340		Consolidated Edison, Inc		15,733
	210,322		Dominion Energy, Inc		15,976
	23,976		DTE Energy Co		3,192
	2,341,767		Enel S.p.A.		23,294
	186,602		Energias de Portugal S.A.		1,066

412

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
	152,370		Eversource Energy	$	13,194
	117,320		Fortis, Inc		5,091
	7,133,034		Hong Kong & China Gas Ltd		11,310
	1,563,423		Iberdrola S.A.		20,179
	503,460		Meridian Energy Ltd		1,898
	263,382		Naturgy Energy Group S.A.		6,467
	76,816	g	Orsted AS		12,403
	233,335		Public Service Enterprise Group, Inc		14,049
	612,383		Scottish & Southern Energy plc		12,279
	182,583		Sempra Energy		24,207
	7,999		South Jersey Industries, Inc		181
	564,611		Southern Co		35,096
	20,822	*	Sunnova Energy International, Inc		850
	100		Toho Gas Co Ltd		6
	181,100		Tokyo Gas Co Ltd		4,035
	36,029		UGI Corp		1,477
	127,567		WEC Energy Group, Inc		11,939
	205,969		Xcel Energy, Inc		13,699
			TOTAL UTILITIES		300,165
			TOTAL COMMON STOCKS		10,590,695
			(Cost $7,328,379)
PREFERRED STOCKS - 0.4%
BANKS - 0.1%
	233,115	*,‡,e	Federal Home Loan Mortgage Corp		1,175
	740,991	*,‡,e	Federal National Mortgage Association		4,112
	490,000	*,‡,e	First Republic Bank		12,652
			TOTAL BANKS		17,939
INSURANCE - 0.0%
	180,000	e	Assurant, Inc		4,629
			TOTAL INSURANCE		4,629
REAL ESTATE - 0.2%
	390,000	‡,e	Brookfield Property Partners LP		10,027
	695,000	‡	Brookfield Property Partners LP		17,257
			TOTAL REAL ESTATE		27,284
UTILITIES - 0.1%
	490,000	‡	Brookfield Infrastructure Partners LP		12,534
	308,000	‡,e	Brookfield Renewable Partners LP		8,030
			TOTAL UTILITIES		20,564
			TOTAL PREFERRED STOCKS		70,416
			(Cost $88,178)
RIGHTS / WARRANTS - 0.0%
MEDIA & ENTERTAINMENT - 0.0%
	38,808	†	Media General, Inc		0
			TOTAL MEDIA & ENTERTAINMENT		0
			TOTAL RIGHTS / WARRANTS		0
			(Cost $0)

413

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE (000)
SHORT-TERM INVESTMENTS - 6.3%
GOVERNMENT AGENCY DEBT - 3.8%
$	12,500,000	Federal Agricultural Mortgage Corp (FAMC)		0.095	%	05/28/21	$	12,500
	6,000,000	Federal Farm Credit Bank (FFCB)		0.010		04/29/21		6,000
	1,000,000	FFCB		0.110		08/17/21		1,000
	2,000,000	FFCB		0.110		09/28/21		2,000
	25,664,000	FFCB		0.070		12/01/21		25,655
	1,731,000	Federal Home Loan Bank (FHLB)		0.010		04/01/21		1,731
	6,632,000	FHLB		0.085		04/08/21		6,632
	61,234,000	FHLB		0.020-0.085		04/09/21		61,234
	25,000,000	FHLB		0.085		04/13/21		25,000
	55,603,000	FHLB		0.070-0.085		04/14/21		55,603
	43,691,000	FHLB		0.005-0.028		04/16/21		43,691
	40,000,000	FHLB		0.030		04/20/21		40,000
	42,000,000	FHLB		0.010-0.035		04/21/21		42,000
	46,500,000	FHLB		0.010-0.013		04/23/21		46,500
	37,812,000	FHLB		0.055		05/05/21		37,812
	50,000,000	FHLB		0.030-0.035		05/07/21		49,999
	60,498,000	FHLB		0.010-0.095		05/19/21		60,497
	20,000,000	FHLB		0.015		05/21/21		20,000
	23,140,000	FHLB		0.035		05/28/21		23,140
	29,000,000	FHLB		0.085		06/02/21		28,999
	18,890,000	FHLB		0.080		06/04/21		18,889
	11,500,000	FHLB		0.025		06/11/21		11,499
	4,755,000	FHLB		0.025		06/16/21		4,755
	14,572,000	FHLB		0.075		07/07/21		14,571
	24,193,000	FHLB		0.040-0.050		08/11/21		24,190
	16,785,000	Tennessee Valley Authority (TVA)		0.010-0.022		04/07/21		16,785
		TOTAL GOVERNMENT AGENCY DEBT						680,682
TREASURY DEBT - 1.7%
	25,000,000	United States Cash Management Bill		0.022		07/06/21		24,999
	43,364,000	United States Treasury Bill		0.021-0.037		04/06/21		43,364
	33,490,000	United States Treasury Bill		0.028-0.035		04/08/21		33,490
	43,163,000	United States Treasury Bill		0.087		04/20/21		43,163
	52,630,000	United States Treasury Bill		0.023-0.095		04/29/21		52,630
	28,218,000	United States Treasury Bill		0.020-0.086		05/06/21		28,218
	54,820,000	United States Treasury Bill		0.041		05/27/21		54,819
	16,812,000	United States Treasury Bill		0.032		06/17/21		16,811
		TOTAL TREASURY DEBT						297,494

414

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	RATE			VALUE (000)
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.8%
	141,851,125	c	State Street Navigator Securities Lending Government Money Market Portfolio		0.030	%	$	141,851
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES					141,851
			TOTAL SHORT-TERM INVESTMENTS					1,120,027
			(Cost $1,119,990)
			TOTAL INVESTMENTS - 105.5%					18,757,877
			(Cost $15,396,558)
			OTHER ASSETS & LIABILITIES, NET - (5.5)%					(972,660	)
			NET ASSETS - 100.0%				$	17,785,217

	Abbreviation(s):
ADR	American Depositary Receipt
CLP	Chilean Peso
EUR	Euro
LIBOR	London Interbank Offered Rate
M	Month
REIT	Real Estate Investment Trust
SOFR	Secure Overnight Financing Rate
*	Non-income producing
†	Security is categorized as Level 3 in the fair value hierarchy.
‡	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 $206,009,369.
g	Security is exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At 3/31/21, the aggregate value of these securities is $1,835,344,128 or 10.3% of net assets.
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.
q	In default
	Cost amounts are in thousands.

Forward foreign currency contracts outstanding as of March 31, 2021 were as follows (dollar amounts are in thousands):

Currency to be purchased	Receive	Currency to be sold	Deliver	Counterparty	Settlement date		Unrealized appreciation (depreciation)
$	9,567	EUR	7,851	Australia and New Zealand Banking Group	04/22/21	$	356
$	3,004	EUR	2,471	Bank of America	05/28/21		102
$	13,030	CLP	9,350,000	Citibank	05/19/21		48
Total						$	506

	Abbreviation(s):
CLP	Chilean Peso
EUR	Euro

415

COLLEGE RETIREMENT EQUITIES FUND – Notes to Schedules of Investments (unaudited)

Organization and significant accounting policies

Part F of Form N-PORT was prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and in conformity with the applicable rules and regulations of the U.S. Securities and Exchange Commission related to interim filings. Part F of Form N-PORT does not include all information and footnotes required by U.S. GAAP for complete financial statements. Certain footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted from this report. For a full set of financial statement notes, please refer to the most recently filed annual or semiannual report.

Valuation of investments

The Accounts' investments in securities are recorded at their estimated fair value utilizing valuation methods approved by the Board of Trustee's. 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 inactive 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 Accounts’ investments as of March 31, 2021, based on the inputs used to value them (dollar amounts are in thousands):

Account	Level 1			Level 2			Level 3		Total
Stock
Government bonds	$	—		$	306		$	—	$	306
Equity investments:
Communication services		9,702,343			2,051,655			16		11,754,014
Consumer discretionary		12,714,647			4,686,952			1,187		17,402,786
Consumer staples		4,817,419			2,942,658			2,786		7,762,863
Energy		2,337,516			1,394,714			674		3,732,904
Financials		11,400,192			6,282,278			282		17,682,752
Health care		12,022,477			3,152,359			229		15,175,065
Industrials		9,290,495			4,643,147			343		13,933,985
Information technology		23,387,191			5,201,642			35		28,588,868
Materials		3,055,154			3,084,849			8		6,140,011
Real estate		2,600,367			1,165,575			53		3,765,995
Utilities		2,134,092			941,934			36		3,076,062
Short-term investments		—			3,780,344			—		3,780,344
Purchased options**		13,090			—			—		13,090
Written options**		(4,970	)		—			—		(4,970	)
Futures contracts**		24,536			—			—		24,536
Forward foreign currency contracts**		—			(16	)		—		(16	)
Total	$	93,494,549		$	39,328,397		$	5,649	$	132,828,595

416

COLLEGE RETIREMENT EQUITIES FUND – Notes to Schedules of Investments (unaudited)

Account	Level 1		Level 2		Level 3		Total
Global Equities
Equity investments:
Asia	$	456,093	$	3,305,720	$	129	$	3,761,942
Europe		85,673		3,677,509		—		3,763,182
Latin America		—		—		—		—
North America		14,370,652		1,107		—		14,371,759
All other equity investments*		334,156		2,748,461		3		3,082,620
Short-term investments		—		655,660		—		655,660
Futures contracts**		5,050		—		—		5,050
Total	$	15,251,624	$	10,388,457	$	132	$	25,640,213
Growth
Equity investments:
Communication services	$	5,099,299	$	203,718	$	—	$	5,303,017
Consumer discretionary		6,244,907		357,648		—		6,602,555
Consumer staples		1,605,593		82,582		—		1,688,175
Health care		4,289,033		324,836		—		4,613,869
Industrials		1,615,740		122,991		—		1,738,731
Information technology		13,903,463		160,842		—		14,064,305
Utilities		2,665		—		—		2,665
All other equity investments*		1,421,192		—		—		1,421,192
Short-term investments		98,224		98,854		—		197,078
Total	$	34,280,116	$	1,351,471	$	—	$	35,631,587
Equity Index
Equity investments:
Financials	$	2,660,306	$	—	$	5	$	2,660,311
Health care		3,078,247		—		35		3,078,282
Materials		668,543		—		—		668,543
All other equity investments*		16,355,820		—		—		16,355,820
Short-term investments		51,332		66,698		—		118,030
Futures contracts**		974		—		—		974
Total	$	22,815,222	$	66,698	$	40	$	22,881,960
Bond Market
Bank loan obligations	$	—	$	104,275	$	—	$	104,275
Corporate bonds		—		5,837,039		488		5,837,527
Government bonds		—		5,443,496		955		5,444,451
Structured assets		—		2,318,122		6,416		2,324,538
Common stocks		86		—		—		86
Preferred stocks		24,396		—		—		24,396
Short-term investments		35,109		2,048,417		—		2,083,526
Forward foreign currency contracts**		—		6,177		—		6,177
Futures contracts**		929		—		—		929
Total	$	60,520	$	15,757,526	$	7,859	$	15,825,905

417

COLLEGE RETIREMENT EQUITIES FUND – Notes to Schedules of Investments (unaudited)

Account	Level 1		Level 2		Level 3		Total
Social Choice
Bank loan obligations	$	—	$	3,622	$	44	$	3,666
Corporate bonds		—		2,952,873		—		2,952,873
Government bonds		—		3,406,309		12,309		3,418,618
Structured assets		—		594,575		7,007		601,582
Equity investments:								—
Communication services		734,390		138,481		—		872,871
Consumer discretionary		830,254		345,453		—		1,175,707
Consumer staples		446,966		306,193		—		753,159
Energy		199,896		144,135		—		344,031
Financials		929,219		610,664		3		1,539,886
Health care		1,037,974		329,718		—		1,367,692
Industrials		765,719		445,770		—		1,211,489
Information technology		1,893,204		266,014		—		2,159,218
Materials		229,231		311,104		—		540,335
Real estate		260,528		115,468		—		375,996
Utilities		206,133		114,594		—		320,727
Short-term investments		141,851		978,176		—		1,120,027
Total	$	7,675,365	$	11,063,149	$	19,363	$	18,757,877
Inflation-Linked
Government bonds	$	—	$	7,208,255	$	—	$	7,208,255
Short-term investments		—		1,620		—		1,620
Futures contracts**		527		—		—		527
Total	$	527	$	7,209,875	$	—	$	7,210,402

*	For detailed categories, see the accompanying Schedules of Investments.
**	Derivative instruments, excluding purchased options, are not reflected in the market value of portfolio investments.

(A10944-B 5/21)

418