COLLEGE RETIREMENT EQUITIES FUND - Stock Account

COLLEGE RETIREMENT EQUITIES FUND

STOCK ACCOUNT

SCHEDULE OF INVESTMENTS (unaudited)

September 30, 2021  

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
BONDS - 0.0%
CONVERTIBLE BONDS - 0.0%
DIVERSIFIED FINANCIALS - 0.0%
CHF	790,000	e,g	Credit Suisse Group Guernsey VII Ltd		3.000	%	11/12/21	$	907
			TOTAL DIVERSIFIED FINANCIALS						907
			TOTAL CONVERTIBLE BONDS						907
			(Cost $870)
CORPORATE BONDS - 0.0%
DIVERSIFIED FINANCIALS - 0.0%
$	6,000		GAMCO Investors, Inc		4.000		06/15/23		6
			TOTAL DIVERSIFIED FINANCIALS						6
FOOD, BEVERAGE & TOBACCO - 0.0%
INR	4,636,868		Britannia Industries Ltd		5.500		06/03/24		63
			TOTAL FOOD, BEVERAGE & TOBACCO						63
			TOTAL CORPORATE BONDS						69
			(Cost $70)
GOVERNMENT BONDS -  0.0%
U.S. TREASURY SECURITIES - 0.0%
$	300,000		United States Treasury Note		1.750		05/15/22		303
			TOTAL U.S. TREASURY SECURITIES						303
			TOTAL GOVERNMENT BONDS						303
			(Cost $300)
			TOTAL BONDS						1,279
			(Cost $1,240)
SHARES			COMPANY
COMMON STOCKS - 99.2%
AUTOMOBILES & COMPONENTS - 2.2%
	21,879	e	AB Dynamics plc						596
	2,153,269	*,e	Adient plc						89,253
	218,553		Aisin Seiki Co Ltd						7,920
	428,472	*	American Axle & Manufacturing Holdings, Inc						3,775
	364,144		Apollo Tyres Ltd						1,100
	718,878	*	Aptiv plc						107,091
	92,570		ARB Corp Ltd						3,219
	11,606	*	Arcimoto, Inc						133
	83,085	*,g	Aston Martin Lagonda Global Holdings plc						2,144
	54,695,107		Astra International Tbk PT						20,883
	3,437	*,e	Autoneum Holding AG.						556
	76,425		Bajaj Holdings and Investment Ltd						3,938
	94,907		Balkrishna Industries Ltd						3,226
	573,419		Bayerische Motoren Werke AG.						54,463
	2,941		Bayerische Motoren Werke AG. (Preference)						223

1

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	253,846		Bharat Forge Ltd	$	2,509
	31,685		BorgWarner, Inc		1,369
	351,057		Bridgestone Corp		16,609
	1,248,497	*	Brilliance China Automotive Holdings Ltd		499
	119,143		BYD Co Ltd		4,587
	872,362		BYD Co Ltd (H shares)		27,115
	73,415	*,e	Canoo, Inc		565
	23,151		Ceat Ltd		411
	12,739		Changzhou Xingyu Automotive Lighting Systems Co Ltd		356
	491,554		Chaowei Power Holdings Ltd		141
	1,827,885		Cheng Shin Rubber Industry Co Ltd		2,319
	222,791		China Motor Corp		588
	263,376		Chongqing Changan Automobile Co Ltd		677
	58,988		Cie Automotive S.A.		1,488
	70,531		Cie Plastic Omnium SA		1,800
	1,012,420	*	Cofide S.p.A.		568
	383,947	*	Continental AG.		41,681
	20,936	*	Cooper-Standard Holding, Inc		459
	59,847		Cub Elecparts, Inc		303
	51,300		Daikyonishikawa Corp		298
	693,355		Daimler AG. (Registered)		61,176
	108,237	e	Dana Inc		2,407
	402,406		Denso Corp		26,276
	90,000		Depo Auto Parts Ind Co Ltd		179
	360,776	g	Dometic Group AB		5,448
	2,924,517		Dongfeng Motor Group Co Ltd		2,604
	12,433	*	Dorman Products, Inc		1,177
	971,168		Drb-Hicom BHD		380
	25,500		Eagle Industry Co Ltd		282
	151,220		Eicher Motors Ltd		5,657
	120,062	*	ElringKlinger AG.		1,603
	32,144	g	Endurance Technologies Ltd		683
	36,482		Exedy Corp		557
	387,739		Exide Industries Ltd		927
	131,941	e	Faurecia		6,208
	160,428		FAW Jiefang Group Co Ltd		265
	36,000		FCC Co Ltd		507
	79,124		Ferrari NV		16,513
	108,000	*,e	Fisker, Inc		1,582
	2,580,870	*	Ford Motor Co		36,545
	74,241		Ford Otomotiv Sanayi AS		1,395
	71,382	*	Fox Factory Holding Corp		10,318
	188,622	e	Freni Brembo SpA		2,376
	387,301		Fuji Heavy Industries Ltd		7,157
	64,280		Futaba Industrial Co Ltd		273
	108,963		Fuyao Glass Industry Group Co Ltd		710
	676,162	g	Fuyao Glass Industry Group Co Ltd (Hong Kong)		3,596
	6,536,302		Geely Automobile Holdings Ltd		18,763
	2,856,070	*	General Motors Co		150,543
	121,641		Gentex Corp		4,012
	64,528	*	Gentherm, Inc		5,222
	215,192	*,g	Gestamp Automocion S.A.		835
	5,819		Global & Yuasa Battery Co Ltd		414
	45,000		Global PMX Co Ltd		253
	340,662	*	Goodyear Tire & Rubber Co		6,030

2

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	129,059		Great Wall Motor Co Ltd	$	1,046
	3,408,746		Great Wall Motor Co Ltd		12,543
	35,200		G-Tekt Corp		458
	3,169,042		Guangzhou Automobile Group Co Ltd (Hong Kong)		2,785
	109,613		GUD Holdings Ltd		800
	7,066		Halla Holdings Corp		329
	80,987		Hankook Tire Co Ltd		2,935
	23,575		Hankook Tire Worldwide Co Ltd		314
	197,705		Hanon Systems		2,589
	178,479		Harley-Davidson, Inc		6,534
	202,308		Hero Honda Motors Ltd		7,715
	1,196,686		Honda Motor Co Ltd		36,791
	1,441,186		Hota Industrial Manufacturing Co Ltd		4,672
	230,415		Huayu Automotive Systems Co Ltd		810
	73,573		Hyundai Mobis		15,525
	153,326		Hyundai Motor Co		25,523
	41,019		Hyundai Motor Co Ltd (2nd Preference)		3,269
	25,807		Hyundai Motor Co Ltd (Preference)		2,078
	16,094		Hyundai Wia Corp		1,058
	32,500		Ichikoh Industries Ltd		174
	605,051		Isuzu Motors Ltd		7,872
	548,342		Johnson Electric Holdings Ltd		1,168
	283,900		JTEKT Corp		2,463
	20,096		Kayaba Industry Co Ltd		544
	542,874		Kenda Rubber Industrial Co Ltd		624
	288,698		Kia Motors Corp		19,498
	759,287	*	Koito Manufacturing Co Ltd		45,658
	145,076	*	Kuang-Chi Technologies Co Ltd		504
	88,970	*	Kumho Tire Co, Inc		413
	9,454		LCI Industries, Inc		1,273
	6,714		Lear Corp		1,051
	596,522	*,e	Li Auto, Inc (ADR)		15,683
	65,825		Linamar Corp		3,418
	118,265	*,e	Lordstown Motors Corp		944
	325,141		Magna International, Inc		24,469
	972,855		Mahindra & Mahindra Ltd		10,476
	112,379	*	Mahindra CIE Automotive Ltd		355
	40,912		Mahle-Metal Leve S.A. Industria e Comercio		283
	32,499	*	Mando Corp		1,544
	176,947		Martinrea International, Inc		1,572
	151,213		Maruti Suzuki India Ltd		14,915
	698,097	*	Mazda Motor Corp		6,041
	12,267		MGI Coutier		306
	205,545		Michelin (C.G.D.E.) (Class B)		31,518
	70,061		Minda Industries Ltd		692
	867,426		Minth Group Ltd		2,968
	1,354,900	*	Mitsubishi Motors Corp		3,696
	186,082	*,e	Modine Manufacturing Co		2,108
	1,428,077		Motherson Sumi Systems Ltd		4,323
	20,098	*,e	Motorcar Parts of America, Inc		392
	2,167		MRF Ltd		2,308
	55,338		Musashi Seimitsu Industry Co Ltd		969
	20,962	*	Myoung Shin Industrial Co Ltd		477
	380,949		Nan Kang Rubber Tire Co Ltd		560
	1,984,848	g	Nemak SAB de C.V.		505
	36,355		Nexen Tire Corp		237

3

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	655,000		Nexteer Automotive Group Ltd	$	670
	187,900		NGK Spark Plug Co Ltd		2,924
	228,415		NHK Spring Co Ltd		1,626
	98,112		Nifco, Inc		3,049
	117,011		Ningbo Joyson Electronic Corp		314
	65,778		Ningbo Tuopu Group Co Ltd		370
	1,475,572	*	NIO, Inc (ADR)		52,575
	63,253		Nippon Seiki Co Ltd		665
	1,986,143	*	Nissan Motor Co Ltd		9,926
	69,410		Nissan Shatai Co Ltd		496
	30,127	*,e	Niu Technologies (ADR)		698
	133,188		NOK Corp		1,560
	160,888		Nokian Renkaat Oyj		5,749
	44,700		Pacific Industrial Co Ltd		472
	36,286		Patrick Industries, Inc		3,023
	266,976		Piaggio & C S.p.A.		923
	30,994		Piolax Inc		430
	433,700	g	Pirelli & C S.p.A		2,537
	313,011		Porsche AG.		30,954
	144,500		Prinx Chengshan Cayman Holding Ltd		118
	1,713,700		PT Selamat Sempurna Tbk		168
	616,830		Qingling Motors Co Ltd		129
	234,622	*,e	QuantumScape Corp		5,758
	188,976	*	Renault S.A.		6,704
	15,052		S&T Daewoo Co Ltd		639
	109,577	*	SAF-Holland SE		1,476
	526,323		SAIC Motor Corp Ltd		1,549
	148,500		Sailun Group Co Ltd		263
	469,920		Sanyang Industry Co Ltd		443
	74,605		Shandong Linglong Tyre Co Ltd		405
	27,600		Shoei Co Ltd		1,245
	14,211		SL Corp		324
	790,254		Sri Trang Agro-Industry PCL (Foreign)		779
	24,735		Standard Motor Products, Inc		1,081
	74,949		Stanley Electric Co Ltd		1,893
	407,907		Stellantis NV		7,763
	203,766	*	Stoneridge, Inc		4,155
	462,740		Sumitomo Electric Industries Ltd		6,153
	41,417		Sumitomo Riko Co Ltd		282
	210,900		Sumitomo Rubber Industries, Inc		2,676
	83,591		Sundram Fasteners Ltd		1,028
	233,858	*	Suzuki Motor Corp		10,449
	41,900		Tachi-S Co Ltd		475
	1,863,782	*	Tata Motors Ltd		8,283
	27,500		Teikoku Piston Ring Co Ltd		367
	415,661	*	Tenneco, Inc		5,931
	1,335,774	*	Tesla, Inc		1,035,866
	89,946		Thor Industries, Inc		11,042
	308,924	g	TI Fluid Systems plc		1,046
	671,118	e	Tianneng Power International Ltd		750
	541,148		Tofas Turk Otomobil Fabrik		3,164
	54,847		Tokai Rika Co Ltd		785
	388,699		Tong Yang Industry Co Ltd		471
	36,568		Topre Corp		432
	133,725	e	Toyo Tire & Rubber Co Ltd		2,383
	76,700		Toyoda Gosei Co Ltd		1,534

4

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	80,295		Toyota Boshoku Corp	$	1,420
	89,971		Toyota Industries Corp		7,403
	19,648,255	*	Toyota Motor Corp		350,081
	10,435	e	Trigano S.A.		1,956
	108,500		TS Tech Co Ltd		1,394
	85,825		Tube Investments of India Ltd		1,607
	66,000		Tung Thih Electronic Co Ltd		404
	72,183		Tupy S.A.		267
	332,857		TVS Motor Co Ltd		2,452
	337,900		UMW Holdings BHD		253
	57,900	e	Unipres Corp		475
	2,645,944		Valeo S.A.		73,843
	17,591	*	Visteon Corp		1,660
	65,859	*	Vitesco Technologies Group AG.		3,891
	16,847		Volkswagen AG.		5,196
	765,360		Volkswagen AG. (ADR)		23,818
	326,799		Volkswagen AG. (Preference)		72,844
	68,301		Weifu High-Technology Group Co Ltd		218
	72,813		Winnebago Industries, Inc		5,275
	136,332	*,e	Workhorse Group, Inc		1,043
	1,140,000	e	Wuling Motors Holdings Ltd		172
	964,907		Xingda International Holdings Ltd		210
	45,047	*,e	XL Fleet Corp		278
	43,718	*,e	XPEL, Inc		3,316
	395,816	*,e	XPeng, Inc (ADR)		14,067
	1,309,031	g	Yadea Group Holdings Ltd		2,138
	290,665		Yamaha Motor Co Ltd		8,092
	144,000		Yokohama Rubber Co Ltd		2,584
	546,860		Yulon Motor Co Ltd		829
			TOTAL AUTOMOBILES & COMPONENTS		2,959,666
BANKS - 7.1%
	18,646		1st Source Corp		881
	74,203		77 Bank Ltd		845
	71,620		Aareal Bank AG.		1,986
	31,949	*	Aavas Financiers Ltd		1,093
	81,788	*,e,g	ABN AMRO Group NV (ADR)		1,180
	780,458	e	Absa Group Ltd		7,898
	1,821,724		Abu Dhabi Commercial Bank PJSC		3,715
	989,708		Abu Dhabi Islamic Bank PJSC		1,556
	17,650,383		Agricultural Bank of China Ltd		6,063
	3,281,862		Agricultural Bank of China Ltd (Class A)		1,491
	17,939,389	*	AIB Group plc		48,830
	1,959,081		Akbank TAS		1,174
	66,204		Aktia Bank Oyj		891
	1,382,361		Al Rajhi Bank		45,038
	643,935		Alinma Bank		4,110
	91,541	*	Alior Bank S.A.		989
	21,664		Allegiance Bancshares, Inc		826
	867,300		Alliance Financial Group BHD		532
	2,550,942	*	Alpha Bank AE		3,200
	19,938		Altabancorp		880
	315,270	*,†	Amagerbanken AS		0
	48,239		Amalgamated Financial Corp		763
	36,343	*	Amerant Bancorp Inc		899
	12,231		American National Bankshares, Inc		404

5

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	183,699		Ameris Bancorp	$	9,530
	37,698		Amlak International for Real Estate Finance Co		235
	1,225,834	*	AMMB Holdings BHD		931
	27,500		Aomori Bank Ltd		527
	148,100	e	Aozora Bank Ltd		3,622
	395,992		Arab National Bank		2,421
	16,461		Arrow Financial Corp		566
	48,780		Aruhi Corp		569
	180,816		Associated Banc-Corp		3,873
	47,699	*	Atlantic Capital Bancshares, Inc		1,264
	92,474		Atlantic Union Bankshares Corp		3,408
	78,003	*,g	AU Small Finance Bank Ltd		1,220
	3,697,214		Australia & New Zealand Banking Group Ltd		74,249
	42,444		Awa Bank Ltd		830
	2,499,627	*	Axis Bank Ltd		25,626
	101,431	*	Axos Financial, Inc		5,228
	242,650		Banc of California, Inc		4,487
	384,989	*,e	Banca Monte dei Paschi di Siena S.p.A		480
	719,570		Banca Popolare di Sondrio SCARL		3,057
	20,048		Bancfirst Corp		1,205
	85,165		Banco ABC Brasil S.A.		233
	77,411	*	Banco BBVA Argentina S.A. (ADR)		301
	21,274,027		Banco Bilbao Vizcaya Argentaria S.A.		140,421
	1,657,720	e	Banco BPM S.p.A.		5,187
	5,134,342		Banco Bradesco S.A.		16,839
	9,018,327		Banco Bradesco S.A. (Preference)		34,495
	40,140,960	*,e	Banco Comercial Portugues S.A.		7,288
	27,031,504		Banco de Chile		2,496
	36,904		Banco de Credito e Inversiones		1,347
	6,843,419	*	Banco de Sabadell S.A.		5,721
	700,574	g	Banco del Bajio S.A.		1,324
	579,901		Banco do Brasil S.A.		3,077
	199,520		Banco do Estado do Rio Grande do Sul		427
	16,063,377	*,†	Banco Espirito Santo S.A.		186
	1,427,175		Banco Inter S.A.		12,226
	45,212	*,e	Banco Macro S.A. (ADR) (Class B)		768
	1,929,701		Banco Pan S.A.		5,655
	270,510		Banco Santander Brasil S.A.		1,757
	37,600,989		Banco Santander Chile S.A.		1,884
	5,958,362		Banco Santander S.A. (AQXE)		21,583
	174,161		BanColombia S.A.		1,508
	496,947		BanColombia S.A. (Preference)		4,307
	125,211		BancorpSouth Bank		3,729
	459,185	g	Bandhan Bank Ltd		1,739
	216,450	*	Bank AlBilad		2,352
	616,004		Bank Alfalah Ltd		117
	226,145		Bank Al-Jazira		1,106
	2,199,300		Bank BTPN Syariah Tbk PT		531
	11,540,274		Bank Central Asia Tbk PT		28,109
	7,965	e	Bank First Corp		564
	51,168		Bank Handlowy w Warszawie S.A.		580
	699,911		Bank Hapoalim Ltd		6,148
	798,013		Bank Leumi Le-Israel		6,762
	619,149	*	Bank Millennium S.A.		1,049
	158,901	*	Bank Norwegian ASA		1,900
	21,314,861		Bank of America Corp		904,816

6

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	957,562		Bank of Beijing Co Ltd	$	645
	182,420		Bank of Chengdu Co Ltd		332
	1,546,044		Bank of China Ltd		729
	87,275,912		Bank of China Ltd (Hong Kong)		30,838
	1,821,112		Bank of Communications Co Ltd		1,266
	6,027,319		Bank of Communications Co Ltd (Hong Kong)		3,568
	1,721,400		Bank of East Asia Ltd		2,777
	50,178	*	Bank of Georgia Group plc		1,051
	292,795		Bank of Hangzhou Co Ltd		673
	4,589		Bank of Hawaii Corp		377
	14,003,372	*	Bank of Ireland Group plc		83,051
	685,418		Bank of Jiangsu Co Ltd		614
	520,953		Bank of Kaohsiung		204
	72,900		Bank of Kyoto Ltd		3,353
	34,680		Bank of Marin Bancorp		1,309
	972,813		Bank of Montreal		97,120
	17,710	e	Bank of Nagoya Ltd		419
	531,314		Bank of Nanjing Co Ltd		741
	258,613		Bank of Ningbo Co Ltd		1,402
	1,477,195		Bank of Nova Scotia		90,922
	134,221		Bank of NT Butterfield & Son Ltd		4,766
	24,000		Bank of Okinawa Ltd		600
	779,427		Bank of Queensland Ltd (ASE)		5,198
	698,899		Bank of Shanghai Co Ltd		789
	1,267,990		Bank of the Philippine Islands		2,025
	13,647		Bank OZK		587
	126,855		Bank Pekao S.A.		3,279
	2,434,700		Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT		231
	3,599,600		Bank Pembangunan Daerah Jawa Timur Tbk PT		181
	111,023,468		Bank Rakyat Indonesia		29,593
	5,202,000	*	Bank Tabungan Negara Persero Tbk PT		511
	25,602	*	Bank Zachodni WBK S.A.		1,932
	821,966	e	Bankinter S.A.		4,809
	193,135		BankUnited		8,077
	166,352		Banner Corp		9,184
	29,359		Banque Cantonale Vaudoise		2,232
	394,323		Banque Saudi Fransi		4,384
	17,316		Bar Harbor Bankshares		486
	62,120,698		Barclays plc		157,847
	1,137,017	*,g	BAWAG Group AG.		71,958
	3,896,276		BDO Unibank, Inc		8,439
	882,132		Bendigo Bank Ltd		5,927
	142,868		Berkshire Hills Bancorp, Inc		3,855
	598,100	*,†	BIMB Holdings Bhd		431
	29,925	*	Blue Foundry Bancorp		413
	23,294		Blue Ridge Bankshares, Inc		410
	1,656,020	e	BNP Paribas S.A.		105,953
	4,039,669		BOC Hong Kong Holdings Ltd		12,173
	23,413		BOK Financial Corp		2,097
	756,115	*	Boubyan Bank KSCP		1,926
	3,125,512	e	BPER Banca		6,958
	14,895	*	BRE Bank S.A.		1,540
	24,238	*	Bridgewater Bancshares, Inc		424
	88,241		Brookline Bancorp, Inc		1,347
	22,593		Bryn Mawr Bank Corp		1,038

7

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	275,736		BS Financial Group, Inc	$	2,043
	4,328,032		Bumiputra-Commerce Holdings BHD		4,922
	768,256		Burgan Bank SAK		581
	22,499		Business First Bancshares, Inc		526
	186,277		Byline Bancorp, Inc		4,575
	191,022		Cadence BanCorp		4,195
	2,566,247		CaixaBank S.A.		7,958
	7,677		Cambridge Bancorp		676
	16,526		Camden National Corp		792
	61,284		Can Fin Homes Ltd		565
	584,908	e	Canadian Imperial Bank of Commerce		65,113
	182,060		Canadian Western Bank		5,271
	362,298	*	Canara Bank		838
	10,414		Capital Bancorp, Inc		251
	18,711	e	Capital City Bank Group, Inc		463
	323,600		Capitec Bank Holdings Ltd		39,091
	302,347		Capitol Federal Financial		3,474
	34,678		Capstar Financial Holdings, Inc		737
	31,453	*	Carter Bankshares, Inc		447
	165,007	e	Cathay General Bancorp		6,830
	19,369		CBTX, Inc		511
	266,790		Central Pacific Financial Corp		6,851
	3,493		Century Bancorp, Inc		403
	2,473,615		Chang Hwa Commercial Bank		1,456
	487,716		Chiba Bank Ltd		3,161
	2,209,293	g	China Bohai Bank Co Ltd		863
	6,229,490		China Citic Bank		2,808
	482,107		China Construction Bank Corp		444
	121,038,546		China Construction Bank Corp (Hong Kong)		86,383
	1,929,704		China Everbright Bank Co Ltd		1,009
	2,162,845		China Everbright Bank Co Ltd (Hong Kong)		761
	4,381,481		China Merchants Bank Co Ltd		34,868
	3,355,864		China Merchants Bank Co Ltd (Class A)		26,084
	1,702,248		China Minsheng Banking Corp Ltd		1,029
	4,229,491	e	China Minsheng Banking Corp Ltd (Hong Kong)		1,697
	383,729		China Zheshang Bank Co Ltd		210
	20,472,388		Chinatrust Financial Holding Co		16,754
	1,830,946		Chongqing Rural Commercial Bank		666
	915,800		Chongqing Rural Commercial Bank Co Ltd		546
	177,300		Chugoku Bank Ltd		1,365
	202,271	e	CIT Group, Inc		10,508
	3,846,715	n	Citigroup, Inc		269,962
	17,290		Citizens & Northern Corp		437
	985,491		Citizens Financial Group, Inc		46,298
	18,222		City Holding Co		1,420
	367,824		City Union Bank Ltd		777
	19,009		Civista Bancshares, Inc		442
	183,788		Close Brothers Group plc		3,831
	17,814		CNB Financial Corp		434
	6,450	*,e	Coastal Financial Corp		206
	311,557	*	Collector AB		1,355
	202,955		Columbia Banking System, Inc		7,710
	34,785	*	Columbia Financial, Inc		644
	69,349		Comerica, Inc		5,583
	11,727	e	Commerce Bancshares, Inc		817
	1,303,013		Commercial Bank of Qatar QSC		2,201

8

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	1,107,595	*	Commercial International Bank	$	2,996
	1,065,686	*	Commerzbank AG.		7,059
	2,461,168		Commonwealth Bank of Australia		182,644
	81,716		Community Bank System, Inc		5,591
	17,994		Community Trust Bancorp, Inc		758
	903,060		Concordia Financial Group Ltd		3,555
	117,649		ConnectOne Bancorp, Inc		3,531
	194,970		Credicorp Ltd (NY)		21,630
	3,137,746		Credit Agricole S.A.		43,130
	111,499		Credito Emiliano S.p.A.		778
	35,703	*	CrossFirst Bankshares, Inc		464
	6,233	e	Cullen/Frost Bankers, Inc		739
	32,431	*	Customers Bancorp, Inc		1,395
	321,369		CVB Financial Corp		6,546
	5,646,074	*,†	Cyprus Popular Bank Public Co Ltd		65
	692,827		Dah Sing Banking Group Ltd		635
	191,108		Dah Sing Financial Holdings Ltd		572
	45,986		Daishi Hokuetsu Financial Group, Inc		1,043
	140,435		Danske Bank AS		2,366
	1,968,668		DBS Group Holdings Ltd		43,623
	167,580	*	DCB Bank Ltd		205
	162,675	g	Deutsche Pfandbriefbank AG.		1,831
	168,656		DGB Financial Group Co Ltd		1,406
	73,446		Dime Community Bancshares, Inc		2,399
	351,394	*	DNB Bank ASA		7,989
	1,498,128		Doha Bank QSC		1,179
	1,263,399		Dubai Islamic Bank PJSC		1,696
	13,226,525		E.Sun Financial Holding Co Ltd		12,446
	37,418		Eagle Bancorp, Inc		2,152
	109,502	e	East West Bancorp, Inc		8,491
	180,783		Eastern Bankshares, Inc		3,670
	1,686,302		Emirates NBD Bank PJSC		6,519
	11,920		Enterprise Bancorp, Inc		429
	41,491		Enterprise Financial Services Corp		1,879
	14,514		Equitable Group, Inc		1,638
	15,832		Equity Bancshares, Inc		528
	176,574		Erste Bank der Oesterreichischen Sparkassen AG.		7,753
	240,324	e	Essent Group Ltd		10,577
	2,737,673	*	Eurobank Ergasias S.A.		2,549
	1,950,620		Far Eastern International Bank		730
	30,323		Farmers National Banc Corp		476
	36,828		FB Financial Corp		1,579
	10,762		Federal Agricultural Mortgage Corp (FAMC)		1,168
	1,678,529		Federal Bank Ltd		1,895
	23,279		FIBI Holdings Ltd		980
	4,578	e	Fidelity D&D Bancorp, Inc		231
	6,158,488		Fifth Third Bancorp		261,366
	45,014	*,e	Finance Of America Cos, Inc		223
	17,482		Financial Institutions, Inc		536
	1,000,698	*	FinecoBank Banca Fineco S.p.A		18,074
	33,416	e	First Bancorp (NC)		1,437
	633,606		First Bancorp (Puerto Rico)		8,332
	11,792		First Bancorp, Inc		344
	23,466		First Bancshares, Inc		910
	15,346		First Bank		216
	59,347		First Busey Corp		1,462

9

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	685	e	First Citizens Bancshares, Inc (Class A)	$	578
	112,397		First Commonwealth Financial Corp		1,532
	19,956		First Community Bancshares, Inc		633
	181,289		First Financial Bancorp		4,244
	59,133		First Financial Bankshares, Inc		2,717
	13,875		First Financial Corp		583
	6,929,161		First Financial Holding Co Ltd		5,597
	80,552		First Foundation, Inc		2,119
	13,294		First Hawaiian, Inc		390
	60,128		First Horizon National Corp		979
	73,633		First International Bank Of Israel Ltd		2,691
	11,094		First Internet Bancorp		346
	52,160		First Interstate Bancsystem, Inc		2,100
	130,045		First Merchants Corp		5,441
	17,793		First Mid-Illinois Bancshares, Inc		731
	135,000		First Midwest Bancorp, Inc		2,566
	21,993	e	First National Financial Corp		755
	26,732		First of Long Island Corp		551
	328,343		First Republic Bank		63,331
	10,963		Five Star Bancorp		262
	128,877		Flagstar Bancorp, Inc		6,544
	33,282		Flushing Financial Corp		752
	34,620		FNB Corp		402
	9,516		FS Bancorp, Inc		329
	5,200	*,†	FS Finans A.S.		0
	215,100		Fukuoka Financial Group, Inc		3,848
	189,779		Fulton Financial Corp		2,900
	611,157		Genworth Mortgage Insurance Australia Ltd		967
	28,414		German American Bancorp, Inc		1,098
	204,899		Glacier Bancorp, Inc		11,341
	12,425		Great Southern Bancorp, Inc		681
	123,403		Great Western Bancorp, Inc		4,040
	2,903,161		Grupo Financiero Banorte S.A. de C.V.		18,646
	107,067	e	Grupo Financiero Galicia S.A. (ADR) (Class B)		1,078
	1,323,477	*	Grupo Financiero Inbursa S.A.		1,240
	766,378		Grupo Security S.A.		123
	15,967		Guaranty Bancshares, Inc		572
	1,610,624		Gulf Bank KSCP		1,269
	388,200		Gunma Bank Ltd		1,250
	256,944		Habib Bank Ltd		165
	438,200		Hachijuni Bank Ltd		1,561
	336,947		Hana Financial Group, Inc		13,098
	101,932		Hancock Whitney Corp		4,803
	833,557		Hang Seng Bank Ltd		14,278
	146,499		Hanmi Financial Corp		2,939
	58,575		HarborOne Northeast Bancorp, Inc		822
	12,691		HBT Financial, Inc		197
	578,764		HDFC Bank Ltd		12,373
	181,159		HDFC Bank Ltd (ADR)		13,241
	107,745		Heartland Financial USA, Inc		5,180
	68,361	e	Heritage Commerce Corp		795
	55,690		Heritage Financial Corp		1,420
	121,631		Hilltop Holdings, Inc		3,974
	1,664		Hingham Institution for Savings		560
	340,202		Hirogin Holdings, Inc		1,939
	27,000		Hokkoku Bank Ltd		528

10

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	156,860		Hokuhoku Financial Group, Inc	$	1,199
	8,409		Home Bancorp, Inc		325
	425,416		Home Bancshares, Inc		10,010
	62,620	*	Home Capital Group, Inc		1,835
	4,798	e	Home Point Capital, Inc		20
	25,872		HomeStreet, Inc		1,065
	18,731		HomeTrust Bancshares, Inc		524
	425,812		Hong Leong Bank BHD		1,922
	156,270		Hong Leong Credit BHD		683
	344,549		Hope Bancorp, Inc		4,975
	49,254		Horizon Bancorp		895
	1,487,892		Housing Development Finance Corp		54,989
	17,030	*	Howard Bancorp, Inc		345
	14,592,239		HSBC Holdings plc		76,298
	5,502,004		Hua Nan Financial Holdings Co Ltd		4,017
	549,986		Huaxia Bank Co Ltd		473
	4,570,864		Huntington Bancshares, Inc		70,666
	265,074		Hyakugo Bank Ltd		771
	27,021		Hyakujushi Bank Ltd		377
	7,673,633		ICICI Bank Ltd		72,107
	1,494,861		ICICI Bank Ltd (ADR)		28,208
	3,297,890	*	IDFC Bank Ltd		2,100
	97,248		IIFL Finance Ltd		373
	70,459	*,e	Illimity Bank S.p.A		1,109
	39,699		Independent Bank Corp (MA)		3,023
	24,147		Independent Bank Corp (MI)		519
	104,171		Independent Bank Group, Inc		7,400
	849,106		Indiabulls Housing Finance Ltd		2,624
	998,121		IndusInd Bank Ltd		14,820
	2,699,339		Industrial & Commercial Bank of China Ltd		1,941
	63,741,914		Industrial & Commercial Bank of China Ltd (Hong Kong)		35,334
	839,405		Industrial Bank Co Ltd		2,362
	531,669		Industrial Bank of Korea		4,684
	23,058,459		ING Groep NV		335,235
	59,144		Intercorp Financial Services, Inc		1,321
	120,113		International Bancshares Corp		5,002
	14,579,106		Intesa Sanpaolo S.p.A.		41,273
	2,838,501		Investimentos Itau S.A. - PR		5,807
	208,351		Investors Bancorp, Inc		3,148
	4,447,706		iShares Core MSCI EAFE ETF		330,242
	314,511	*	Israel Discount Bank Ltd		1,660
	1,059,048,322	*	Itau CorpBanca Chile SA		2,598
	15,433,450		Itau Unibanco Holding S.A.		81,989
	264,054		Iyo Bank Ltd		1,355
	358,677		Japan Post Bank Co Ltd		3,077
	221,841		JB Financial Group Co Ltd		1,664
	199,000		Jiangsu Changshu Rural Commercial Bank Co Ltd		197
	5,777,411		JPMorgan Chase & Co		945,704
	32,640		Juroku Bank Ltd		646
	66,937	*	Jyske Bank		2,886
	727,173	*,e	KakaoBank Corp		42,009
	376,265		Karur Vysya Bank Ltd		241
	1,160,794		KB Financial Group, Inc		53,986
	760,243		KBC Groep NV		68,577
	67,939		Kearny Financial Corp		844

11

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	122,648		Keiyo Bank Ltd	$	492
	79,595		Keycorp		1,721
	276,532		Kiatnakin Bank PCL (Foreign)		445
	1,512,000		King’s Town Bank		2,253
	75,819		Kiyo Bank Ltd		1,073
	58,868		Komercni Banka AS		2,384
	627,933		Kotak Mahindra Bank Ltd		16,899
	4,454,796		Krung Thai Bank PCL (Foreign)		1,438
	3,111,102		Kuwait Finance House		8,481
	564,314	*	Kuwait International Bank KSCP		417
	712,474		Kuwait Projects Co Holding KSCP		373
	424,800		Kyushu Financial Group, Inc		1,521
	123,248		Lakeland Bancorp, Inc		2,173
	27,218		Lakeland Financial Corp		1,939
	52,989	e	Laurentian Bank of Canada		1,682
	305,910		LIC Housing Finance Ltd		1,753
	11,535		Liechtensteinische Landesbank AG.		650
	11,810		Live Oak Bancshares, Inc		751
	89,296,329		Lloyds TSB Group plc		55,580
	20,787		Luther Burbank Corp		279
	45,392		M&T Bank Corp		6,779
	33,641		Macatawa Bank Corp		270
	2,708,389		Malayan Banking BHD		5,208
	2,117,842		Malaysia Building Society		304
	2,545,253		Masraf Al Rayan		3,131
	315,555		MCB Bank Ltd		279
	1,248,400		Mebuki Financial Group Inc		2,735
	1,145,940	*	Mediobanca S.p.A.		13,787
	12,319,076		Mega Financial Holding Co Ltd		14,136
	15,997		Mercantile Bank Corp		512
	10,891		Merchants Bancorp		430
	108,008		Meridian Bancorp, Inc		2,242
	102,943		Meta Financial Group, Inc		5,402
	18,885		Metrocity Bankshares, Inc		396
	3,573,374		Metropolitan Bank & Trust		3,056
	17,719	*	Metropolitan Bank Holding Corp		1,494
	530,370		MGIC Investment Corp		7,934
	16,526		Mid Penn Bancorp, Inc		455
	24,800		Midland States Bancorp, Inc		613
	15,203		MidWestOne Financial Group, Inc		459
	13,323,586		Mitsubishi UFJ Financial Group, Inc		78,760
	39,694		Mizrahi Tefahot Bank Ltd		1,337
	2,530,958		Mizuho Financial Group, Inc		35,806
	269,209	*,g	Moneta Money Bank AS		1,086
	86,046	*	Mr Cooper Group, Inc		3,543
	46,568		Musashino Bank Ltd		764
	11,274		MVB Financial Corp		483
	35,749		Nanto Bank Ltd		640
	3,604,582		National Australia Bank Ltd		71,086
	242,863		National Bank Holdings Corp		9,831
	4,926,507		National Bank of Abu Dhabi PJSC		23,847
	458,965	e	National Bank of Canada		35,250
	538,947	*	National Bank of Greece S.A.		1,501
	6,543,780		National Bank of Kuwait SAKP		20,681
	3,168,380		National Commercial Bank		51,867
	15,057,462		Natwest Group plc		45,396

12

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	66,265		NBT Bancorp, Inc	$	2,394
	258,153		Nedbank Group Ltd		3,001
	50,546	e	New York Community Bancorp, Inc		651
	11,112	*	Nicolet Bankshares, Inc		824
	155,464		Nishi-Nippon Financial Holdings, Inc		995
	213,919	*	NMI Holdings, Inc		4,837
	5,545,344	*,e	Nordea Bank Abp		71,459
	9,466,788	*	Nordea Bank Abp		122,696
	287,397		North Pacific Bank Ltd		653
	52,269		Northfield Bancorp, Inc		897
	11,876		Northrim BanCorp, Inc		505
	142,643		Northwest Bancshares, Inc		1,894
	219,289		Nova Ljubljanska Banka dd (GDR)		3,709
	974,812		O-Bank Co Ltd		266
	111,502		OceanFirst Financial Corp		2,387
	31,335	*	Ocwen Financial Corp		881
	276,031		OFG Bancorp		6,962
	46,507		Ogaki Kyoritsu Bank Ltd		823
	474,484	e	Old National Bancorp		8,043
	70,375		Old Second Bancorp, Inc		919
	35,989		Origin Bancorp, Inc		1,524
	13,626		Orrstown Financial Services, Inc		319
	552,124		OSB Group plc		3,723
	517,078	*	OTP Bank		30,256
	4,092,971		Oversea-Chinese Banking Corp		34,466
	131,304		Pacific Premier Bancorp, Inc		5,441
	263,536		PacWest Bancorp		11,943
	319,159		Paragon Group of Cos plc		2,346
	16,893		Park National Corp		2,060
	24,070		PCSB Financial Corp		444
	21,383		Peapack Gladstone Financial Corp		713
	38,777		PennyMac Financial Services, Inc		2,370
	29,680		Peoples Bancorp, Inc		938
	8,703		Peoples Financial Services Corp		397
	55,887		People’s United Financial, Inc		976
	1,741,049	*	Permanent TSB Group Holdings plc		2,944
	1,310,127		Ping An Bank Co Ltd		3,617
	72,530		Pinnacle Financial Partners, Inc		6,824
	12,063	*,e	Pioneer Bancorp, Inc		152
	613,910	*	Piraeus Financial Holdings S.A.		988
	50,666	*,g	PNB Housing Finance Ltd		423
	595,718		PNC Financial Services Group, Inc		116,546
	91,676		Popular, Inc		7,120
	10,524,972	g	Postal Savings Bank of China Co Ltd		7,235
	1,248,937		Postal Savings Bank of China Co Ltd		976
	590,283	*	Powszechna Kasa Oszczednosci Bank Polski S.A.		6,250
	112,802		Preferred Bank		7,522
	68,111		Premier Financial Corp		2,169
	58,795		Primis Financial Corp		850
	68,451	e	Prosperity Bancshares, Inc		4,869
	21,619		Provident Bancorp Inc		346
	87,753		Provident Financial Services, Inc		2,060
	12,458,085		PT Bank Mandiri Persero Tbk		5,324
	4,323,753		PT Bank Negara Indonesia		1,610
	16,104,105		Public Bank BHD		15,656
	463,216		Qatar International Islamic Bank QSC		1,237

13

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	721,811		Qatar Islamic Bank SAQ	$	3,618
	2,971,041		Qatar National Bank		15,626
	18,001		QCR Holdings, Inc		926
	164,441		Qingdao Rural Commercial Bank Corp		99
	361,935		Radian Group, Inc		8,223
	34,544		Raiffeisen International Bank Holding AG.		903
	16,538		RBB Bancorp		417
	5,451,251	*,g	RBL Bank Ltd		13,895
	5,490		Red River Bancshares Inc		274
	227,177	e	Regional SAB de C.V.		1,308
	80,987		Regions Financial Corp		1,726
	16,375		Reliant Bancorp Inc		517
	81,079		Renasant Corp		2,923
	10,112		Republic Bancorp, Inc (Class A)		512
	54,328	*	Republic First Bancorp, Inc		167
	2,019,900		Resona Holdings, Inc		8,080
	1,253,628		RHB Capital BHD		1,630
	44,755		Ringkjoebing Landbobank A.S.		5,166
	1,669,656		Riyad Bank		12,019
	157,264	e	Rocket Cos, Inc		2,523
	1,815,999		Royal Bank of Canada		180,697
	44,942		S&T Bancorp, Inc		1,324
	54,532	e	Sandy Spring Bancorp, Inc		2,499
	182,864		San-In Godo Bank Ltd		918
	925,650		Saudi British Bank		8,181
	171,025	g	Sbanken ASA		1,972
	6,675,262		Sberbank of Russia (ADR)		125,161
	78,604		Seacoast Banking Corp of Florida		2,658
	446,840		Security Bank Corp		925
	265,880		Senshu Ikeda Holdings, Inc		392
	27,382		ServisFirst Bancshares, Inc		2,130
	739,400		Seven Bank Ltd		1,649
	2,352,978		Shanghai Commercial & Savings Bank Ltd		3,739
	1,270,134		Shanghai Pudong Development Bank Co Ltd		1,764
	64,400		Shiga Bank Ltd		1,093
	490,643		Shinhan Financial Group Co Ltd		16,574
	165,400	*,e	Shinsei Bank Ltd		2,773
	356,247	e	Shizuoka Bank Ltd		2,927
	841,461		Siam Commercial Bank PCL (Foreign)		3,013
	17,149		Sierra Bancorp		416
	63,523		Signature Bank		17,296
	36,101	*	Silvergate Capital Corp		4,170
	127,349		Simmons First National Corp (Class A)		3,764
	6,776,617		SinoPac Financial Holdings Co Ltd		3,367
	873,814		Skandinaviska Enskilda Banken AB (Class A)		12,315
	16,788		SmartFinancial, Inc		434
	162,338		Societe Generale		5,084
	24,354	e	South Plains Financial Inc		594
	82,709	e	South State Corp		6,176
	7,557	*	Southern First Bancshares, Inc		404
	9,428		Southern Missouri Bancorp, Inc		423
	36,244		Southside Bancshares, Inc		1,388
	109,886		Spar Nord Bank AS		1,279
	35,613		Sparebank Oestlandet		528
	219,076		SpareBank SR-Bank ASA		3,037
	158,872		Sparebanken Midt-Norge		2,359

14

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	183,305		Sparebanken Nord-Norge	$	2,005
	16,371		Spirit of Texas Bancshares, Inc		396
	3,585		St Galler Kantonalbank		1,600
	1,437,198		Standard Bank Group Ltd		13,609
	6,857,178		Standard Chartered plc		40,086
	4,178,356		State Bank of India		25,329
	19,573	e	Sterling Bancorp		489
	22,377		Stock Yards Bancorp, Inc		1,312
	2,644,928		Sumitomo Mitsui Financial Group, Inc		93,047
	332,763		Sumitomo Mitsui Trust Holdings, Inc		11,460
	12,433		Summit Financial Group, Inc		305
	237,664		Suruga Bank Ltd		883
	41,400	*	SVB Financial Group		26,781
	292,533		Svenska Handelsbanken AB		3,276
	364,619		Swedbank AB (A Shares)		7,352
	106,969		Sydbank AS		3,197
	15,698	e	Synovus Financial Corp		689
	2,798,512		Taichung Commercial Bank		1,163
	6,896,923		Taishin Financial Holdings Co Ltd		4,465
	5,771,810		Taiwan Business Bank		1,976
	6,325,844		Taiwan Cooperative Financial Holding		5,002
	52,611		TBC Bank Group plc		1,028
	724,981		TCS Group Holding plc (ADR)		66,553
	90,998	*	Texas Capital Bancshares, Inc		5,462
	29,663	*	Texcell-NetCom Co Ltd		219
	5,123		TFS Financial Corp		98
	420,131		Thanachart Capital PCL		419
	60,087	*	The Bancorp, Inc		1,529
	143,657		Timbercreek Financial Corp		1,093
	167,700		Tisco Bank PCL		452
	224,443		Toho Bank Ltd		430
	200,264		Tomony Holdings, Inc		589
	16,007		Tompkins Financial Corp		1,295
	2,314,813		Toronto-Dominion Bank		153,243
	79,230		Towne Bank		2,465
	83,027		Trico Bancshares		3,603
	90,346	*	Tristate Capital Holdings, Inc		1,911
	32,067	*	Triumph Bancorp, Inc		3,211
	1,225,974		Truist Financial Corp		71,903
	21,930		TrustCo Bank Corp NY		701
	75,982	e	Trustmark Corp		2,448
	16,410,580		Turkiye Garanti Bankasi AS		17,012
	559,279	*	Turkiye Halk Bankasi AS		270
	1,031,569		Turkiye Is Bankasi (Series C)		599
	696,100	*	Turkiye Vakiflar Bankasi Tao		254
	53,792	e	UMB Financial Corp		5,202
	165,533		Umpqua Holdings Corp		3,352
	1,698,049	g	Unicaja Banco S.A.		1,766
	444,843		UniCredit S.p.A.		5,887
	2,343,669	*	Union Bank Of Taiwan		993
	440,324		United Bank Ltd		306
	153,527		United Bankshares, Inc		5,585
	266,599		United Community Banks, Inc		8,750
	1,284,627		United Overseas Bank Ltd		24,302
	84,208		Univest Financial Corp		2,306
	4,465,313		US Bancorp		265,418

15

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	105,814	e	UWM Holdings Corp	$	735
	19,269		Valiant Holding		1,831
	496,179		Valley National Bancorp		6,604
	264,401		Van Lanschot Kempen NV (ADR)		8,162
	13,469	*,e	Velocity Financial, Inc		177
	197,009		Veritex Holdings, Inc		7,754
	1,577,113	*	Virgin Money UK plc		4,317
	516,950		VTB Bank PJSC (GDR) Equiduct		709
	818,913	*	VTB Bank PJSC (GDR) Tradegate		1,132
	32,785		Walker & Dunlop, Inc		3,721
	759,164	*	Warba Bank KSCP		670
	154,044	e	Washington Federal, Inc		5,285
	19,441	e	Washington Trust Bancorp, Inc		1,030
	57,601		Waterstone Financial, Inc		1,180
	9,859		Webster Financial Corp		537
	14,277,665		Wells Fargo & Co		662,626
	76,298		WesBanco, Inc		2,600
	17,026		West Bancorporation, Inc		511
	67,505		Westamerica Bancorporation		3,798
	11,482	e	Western Alliance Bancorp		1,249
	3,999,220		Westpac Banking Corp		73,960
	96,871		Wintrust Financial Corp		7,786
	344,005		Woori Financial Group, Inc		3,358
	113,511		WSFS Financial Corp		5,824
	442,299		Yamaguchi Financial Group, Inc		2,627
	2,856,671		Yapi ve Kredi Bankasi		774
	7,179,749	*	Yes Bank Ltd		1,206
	21,461		Zions Bancorporation		1,328
			TOTAL BANKS		9,556,681
CAPITAL GOODS - 7.2%
	359,714		3M Co		63,101
	2,410	*	3M India Ltd		802
	158,222		A.O. Smith Corp		9,663
	121,612		Aalberts Industries NV		7,020
	1,804,164		Aamal Co		501
	16,619	e	Aaon, Inc		1,086
	39,548	*	AAR Corp		1,283
	513,532		ABB Ltd		17,179
	2,208,779		Aboitiz Equity Ventures, Inc		2,104
	406,270		AcBel Polytech, Inc		412
	49,177		ACS Actividades de Construccion y Servicios S.A.		1,332
	3,929		Acuity Brands, Inc		681
	311,106		Adani Enterprises Ltd		6,134
	317,240		AddTech AB		5,653
	24,200		Advan Co Ltd		211
	113,096		Advanced Drainage Systems, Inc		12,234
	8,568	*,e	Advent Technologies Holdings, Inc		75
	50,527		AECC Aero-Engine Control Co Ltd		187
	118,752		AECC Aviation Power Co Ltd		977
	238,628	*	Aecom Technology Corp		15,069
	73,699		Aecon Group, Inc		1,115
	159,050	*	AerCap Holdings NV		9,195
	241,900	*	Aeris Industria E Comercio De Equipamentos Para Geracao De Energia S.A.		355
	71,113		Aerojet Rocketdyne Holdings, Inc		3,097

16

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	20,401	*	Aerovironment, Inc	$	1,761
	16,382	*,e	AerSale Corp		278
	61,815		AFG Arbonia-Forster Hldg		1,204
	22,957	e	AG Growth International Inc		513
	84,636		AGCO Corp		10,370
	57,503	*,e	AgEagle Aerial Systems, Inc		173
	36,242		AIA Engineering Ltd		953
	58,552		Aica Kogyo Co Ltd		2,003
	37,400		Aichi Corp		256
	45,441		Aida Engineering Ltd		427
	122,562		Air Lease Corp		4,822
	1,212,649	*	Airbus SE		160,768
	35,728	*	Airbus SE (ADR)		1,193
	146,268		Airtac International Group		4,551
	4,531		Alamo Group, Inc		632
	31,267		Albany International Corp (Class A)		2,403
	62,671		Alfa Laval AB		2,338
	25,671	*,g	Alfen Beheer BV		2,710
	37,378	g	Alimak Group AB		562
	224,170		Allegion plc		29,631
	2,819,200		Alliance Global Group, Inc		569
	6,708		Allied Motion Technologies, Inc		210
	128,500		Allison Transmission Holdings, Inc		4,539
	275,796	e	Alstom RGPT		10,462
	28,079	*	Alta Equipment Group, Inc		386
	628,615		Altra Industrial Motion Corp		34,794
	413,800		Amada Co Ltd		4,268
	96,921		Amara Raja Batteries Ltd		976
	12,427	*	Ameresco, Inc		726
	31,303	*	American Superconductor Corp		456
	19,923	*	American Woodmark Corp		1,302
	19,170		Ametek, Inc		2,377
	404,317		Andritz AG.		22,159
	49,287		Anest Iwata Corp		409
	233,627	*,g	API Group Corp		4,754
	29,704		Apogee Enterprises, Inc		1,122
	204,701		Applied Industrial Technologies, Inc		18,450
	154,427	*	Aprogen KIC, Inc		245
	3,510		Arad Investment & Industrial Development Ltd		387
	88,776		Arcadis NV		4,434
	58,565		Arcosa, Inc		2,938
	17,860		Argan, Inc		780
	57,797		Armstrong World Industries, Inc		5,518
	421,767	*,e	Array Technologies, Inc		7,811
	158,039		Asahi Glass Co Ltd		8,144
	693,654		Aselsan Elektronik Sanayi Ve Ticaret AS		1,181
	1,873,115		Ashok Leyland Ltd		3,357
	1,412,058		Ashtead Group plc		106,742
	79,807		Ashtrom Group Ltd		1,837
	633,247		Assa Abloy AB		18,368
	26,933		Astec Industries, Inc		1,449
	92,905		Astral Polytechnik Ltd		2,703
	29,447	*,e	Astronics Corp		414
	253,839	*	Atkore International Group, Inc		22,064
	201,305		Atlas Copco AB (A Shares)		12,156
	149,431		Atlas Copco AB (B Shares)		7,595

17

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	90,053	*,e	ATS Automation Tooling Systems, Inc	$	2,857
	1,183,817		Austal Ltd		1,590
	169,831		AVIC Electromechanical Systems Co Ltd		348
	2,121,037		AviChina Industry & Technology Co		1,334
	26,859		AVICOPTER plc		230
	39,466		Avon Rubber plc		1,033
	91,516	*	Axon Enterprise, Inc		16,017
	193,487		Ayala Corp		3,099
	307,178	*	AZEK Co, Inc		11,221
	56,890		AZZ, Inc		3,027
	95,152	*	Babcock & Wilcox Enterprises, Inc		610
	317,316	*	Babcock International Group		1,582
	42,603		Badger Infrastructure Solution		1,139
	3,773,383		BAE Systems plc		28,580
	784,110		Balfour Beatty plc		2,847
	267,510	*,e	Ballard Power Systems, Inc		3,755
	160,252		Barloworld Ltd		1,309
	55,877		Barnes Group, Inc		2,332
	18,629		BayWa AG.		785
	240,905	*	Beacon Roofing Supply, Inc		11,506
	3,548	*,e	Beam Global		97
	71,926		Beijer Alma AB		1,638
	302,458	*,e	Beijer Ref AB		6,025
	120,812		Beijing New Building Materials plc		593
	16,700		Beijing United Information Technology Co Ltd		295
	12,017		Belimo Holding AG.		6,370
	18,295		BEML Ltd		351
	333,366	*	Bera Holding A.S.		391
	1,182,000		BES Engineering Corp		366
	29,427		BGF Co Ltd		148
	1,392,874		Bharat Electronics Ltd		3,788
	855,711	*	Bharat Heavy Electricals		740
	307,131	e	Bidvest Group Ltd		3,998
	15,696	*	Biesse S.p.A.		489
	125,213		Bizlink Holdings Inc		995
	12,528	*,e	Blink Charging Co		358
	402,311	*,e	Bloom Energy Corp		7,531
	13,391	*,e	Blue Bird Corp		279
	48,739		Blue Star Ltd		596
	20,914	*,e	BlueLinx Holdings, Inc		1,022
	9,736	*	Bobst Group AG.		845
	155,406	g	BOC Aviation Ltd		1,297
	229,726		Bodycote plc		2,692
	1,308,524	*	Boeing Co		287,797
	115,478	e	Boise Cascade Co		6,234
	2,582,266	*	Bombardier, Inc		4,404
	24,551		Bonheur ASA		854
	94,251		Boskalis Westminster		2,869
	7,118		Bossard Holding AG.		2,223
	229,154		Bouygues S.A.		9,479
	191,553		Brenntag AG.		17,794
	403,000		Brighton-Best International Taiwan, Inc		548
	8,202		Bucher Industries AG.		3,894
	12,823		Budimex S.A.		969
	30,995		Bufab AB		1,108
	434,201	*	Builders FirstSource, Inc		22,466

18

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	80,000		Bunka Shutter Co Ltd	$	806
	337,752		Bunzl plc		11,144
	3,548		Burckhardt Compression Holding AG.		1,435
	3,006		Burkhalter Holding AG.		213
	11,432		BWX Technologies, Inc		616
	8,083	*	Byrna Technologies, Inc		177
	695,864	*	CAE, Inc		20,789
	111,637	e	Caesarstone Sdot-Yam Ltd		1,387
	15,887		CAI International, Inc		888
	22,701		Carbone Lorraine		836
	104,400		Carborundum Universal Ltd		1,242
	45,350	g	Carel Industries S.p.A		1,237
	96,270		Cargotec Corp (B Shares)		4,873
	83,353		Carlisle Cos, Inc		16,570
	6,867,784		Carrier Global Corp		355,476
	751,087		Caterpillar, Inc		144,186
	94,800		Central Glass Co Ltd		1,762
	4,510		Cera Sanitaryware Ltd		319
	115,856	*	Ceres Power Holdings plc		1,665
	893,544		CH Karnchang PCL		531
	103,200	*,e,g	Changsha Broad Homes Industrial Group Co Ltd		127
	123,466	*,e	ChargePoint Holdings, Inc		2,468
	25,650	*	Chart Industries, Inc		4,902
	348,796		Chemring Group plc		1,499
	133,636		Chicony Power Technology Co Ltd		320
	240,846	e	China Aircraft Leasing Group Holdings Ltd		157
	193,722		China Baoan Group Co Ltd		568
	1,684,000		China Communications Services Corp Ltd		931
	1,093,074		China Conch Venture Holdings Ltd		5,076
	308,800		China CSSC Holdings Ltd		1,195
	368,175	*	China Fangda Group Co Ltd		137
	2,398,000	*,e	China High Speed Transmission Equipment Group Co Ltd		2,014
	729,036		China Lesso Group Holdings Ltd		1,160
	318,500		China National Chemical Engineering Co Ltd		530
	979,818		China Railway Group Ltd		855
	2,787,000		China Railway Group Ltd (Hong Kong)		1,383
	1,884,200		China State Construction Engineering Corp Ltd		1,396
	1,384,000		China State Construction International Holdings Ltd		1,208
	39,841		China Yuchai International Ltd		541
	204,545	*	Chiyoda Corp		717
	36,000		Chudenko Corp		727
	377,000		Chung Hsin Electric & Machinery Manufacturing Corp		654
	9,605		Cie d’Entreprises CFE		990
	706,000		CIMC Enric Holdings Ltd		842
	233,000	*,g	CIMC Vehicles Group Co Ltd		198
	96,713		CIMIC Group Ltd		1,351
	6,550	*	CIRCOR International, Inc		216
	3,969,517		Citic Pacific Ltd		4,203
	17,153		CJ Corp		1,418
	2,725,090		CK Hutchison Holdings Ltd		18,179
	60,593		CKD Corp		1,289
	206,920		CNH Industrial NV		3,478
	1,514,271		CNH Industrial NV (NYSE)		25,152
	37,123	g	Cochin Shipyard Ltd		181
	192,941	*	Colfax Corp		8,856

19

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	51,266		Columbus McKinnon Corp	$	2,479
	177,370		Comfort Systems USA, Inc		12,650
	46,939	*	Commercial Vehicle Group, Inc		444
	3,543,244		Compagnie de Saint-Gobain		238,450
	137,117		COMSYS Holdings Corp		3,617
	33,494	*	Concrete Pumping Holdings Inc		286
	21,727		Construcciones y Auxiliar de Ferrocarriles S.A.		906
	39,691	*	Construction Partners Inc		1,324
	155,559		Contemporary Amperex Technology Co Ltd		12,603
	346,450		Continental Engineering Corp		292
	1,697		Conzzeta AG.		2,291
	38,929	*	Core & Main, Inc		1,020
	776,093	*	Cornerstone Building Brands, Inc		11,339
	74,216		Crane Co		7,036
	45,637	*,e	Creative & Innovative System		807
	705,274	*	Crompton Greaves Ltd		1,165
	24,965		CS Wind Corp		1,610
	470,402	*	CSBC Corp Taiwan		387
	41,201		CSW Industrials, Inc		5,261
	580,000		CTCI Corp		745
	124,618		Cummins India Ltd		1,660
	31,192		Cummins, Inc		7,004
	49,736		Curtiss-Wright Corp		6,276
	211,455	*,e	Custom Truck One Source, Inc		1,973
	12,519		Daelim Industrial Co		793
	9,297		Daetwyler Holding AG.		3,296
	183,497	*	Daewoo Engineering & Construction Co Ltd		1,036
	48,867		Daewoo International Corp		973
	27,656	*	Daewoo Shipbuilding & Marine Engineering Co Ltd		619
	17,038		Dai-Dan Co Ltd		403
	214,313		Daifuku Co Ltd		20,100
	23,348		Daihen Corp		1,028
	14,289		Daiho Corp		487
	16,337		Daiichi Jitsugyo Co Ltd		728
	380,186		Daikin Industries Ltd		82,895
	35,100	e	Daiwa Industries Ltd		390
	17,711	e	Danieli & Co S.p.A.		509
	79,665		Danieli & Co S.p.A. (RSP)		1,523
	23,990		Dawonsys Co Ltd		384
	98,149		DCC plc		8,182
	825,043		Deere & Co		276,447
	22,684		Denyo Co Ltd		435
	193,555	*,e	Desktop Metal, Inc		1,388
	140,594	*	Deutz AG.		1,215
	38,924	g	Dilip Buildcon Ltd		297
	213,946		Diploma plc		8,135
	15,263	*	DL E&C Co Ltd		1,709
	3,812,600		DMCI Holdings, Inc		529
	968,867		Dogan Sirketler Grubu Holdings		277
	13,401		Donaldson Co, Inc		769
	218,529		Dongfang Electric Corp Ltd		616
	58,225	*	Doosan Bobcat, Inc		1,941
	6,447		Doosan Corp		536
	41,917	*	Doosan Fuel Cell Co Ltd		1,808
	177,444	*	Doosan Heavy Industries and Construction Co Ltd		3,054
	49,553	*	Doosan Infracore Co Ltd		397

20

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	7,606		Douglas Dynamics, Inc	$	276
	830,354		Dover Corp		129,120
	392,953	*,†	Drake & Scull International PJSC		1
	2,205,344		Dubai Investments PJSC		1,042
	11,719	*	Ducommun, Inc		590
	64,335		Duerr AG.		2,760
	291,000		Dufu Technology Corp Bhd		292
	19,483	*	DXP Enterprises, Inc		576
	15,147	*	Dycom Industries, Inc		1,079
	3,554,600		Dynasty Ceramic PCL		300
	1,499,940		Eaton Corp		223,956
	116,200		Ebara Corp		5,715
	12,035		Ecopro BM Co Ltd		4,673
	22,500	*,e	EHang Holdings Ltd (ADR)		538
	16,726		Eiffage S.A.		1,690
	27,507		Elbit Systems Ltd		3,983
	20,429		Elco Holdings Ltd		1,261
	2,505		Electra Israel Ltd		1,573
	136,319	*,e	Electro Optic Systems Holdings Ltd		334
	1,568,673		Electrocomponents plc		22,709
	270,517	*	Electrolux Professional AB		1,932
	630,181	*	ElSewedy Electric Co		326
	1,766,188	*	Embraer S.A.		7,502
	155,846	e	EMCOR Group, Inc		17,982
	470,946	e	Emeco Holdings Ltd		354
	49,908		Emerson Electric Co		4,701
	80,837		Encore Wire Corp		7,666
	48,669	*	Energy Recovery, Inc		926
	20,902		Enerpac Tool Group Corp		433
	49,766		EnerSys		3,705
	267,768		Engineers India Ltd		283
	67,732		EnPro Industries, Inc		5,901
	18,875	*,e	Eos Energy Enterprises, Inc		265
	220,058		Epiroc AB		3,898
	131,734		Epiroc AB		2,739
	40,987		ESCO Technologies, Inc		3,156
	67,939		Escorts Ltd		1,349
	123,620		Eve Energy Co Ltd		1,881
	2,958	*	EVI Industries, Inc		80
	381,188	*	Evoqua Water Technologies Corp		14,317
	145,604		Fagerhult AB		1,113
	337,000		Fangda Carbon New Material Co Ltd		526
	271,484	*	Fanuc Ltd		59,526
	3,368,631		Far Eastern Textile Co Ltd		3,587
	658,291		Fastenal Co		33,974
	245,489		Federal Signal Corp		9,481
	44,939		Ferguson plc		6,239
	482,228		Ferrovial S.A.		14,076
	574,478	*,e	Fincantieri S.p.A		472
	346,523		Finning International, Inc		8,550
	68,100		Finolex Cables Ltd		445
	390,000	e	First Tractor Co		189
	949,592		Fletcher Building Ltd		4,704
	14,597		Flowserve Corp		506
	1,511,451		FLSmidth & Co AS		52,539
	107,343		Fluidra S.A.		4,255

21

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	167,479	*	Fluor Corp	$	2,675
	936,853		Fortive Corp		66,114
	165,345		Fortune Brands Home & Security, Inc		14,785
	134,000		Fortune Electric Co Ltd		188
	3,141,008	e	Fosun International		3,817
	51,714		Franklin Electric Co, Inc		4,129
	9,417	*	FTC Solar, Inc		73
	340,994	*,e	FuelCell Energy, Inc		2,281
	395,910	*	Fugro NV		4,150
	24,233	*	Fuji Electric Holdings Co Ltd		1,103
	83,945		Fuji Machine Manufacturing Co Ltd		2,132
	1,032,478	*	Fujikura Ltd		6,056
	77,139		Fujitec Co Ltd		1,797
	6,471		Fukuda Corp		291
	13,639	*	Fukushima Industries Corp		603
	42,556		Furukawa Co Ltd		464
	202,844		Furukawa Electric Co Ltd		4,442
	1,745,200	*	Gamuda BHD		1,255
	36,183		GARO AB		774
	243,518	*	Gates Industrial Corp plc		3,962
	43,208	e	GATX Corp		3,870
	28,464		GEA Group AG.		1,300
	12,118		Geberit AG.		8,897
	52,981	*	GEK Group of Cos S.A.		553
	188,327	*	Generac Holdings, Inc		76,964
	231,900		General Dynamics Corp		45,459
	91,136		General Electric Co		9,390
	5,053		Georg Fischer AG.		7,483
	55,491	*	Gibraltar Industries, Inc		3,865
	20,701		Giken Seisakusho Co, Inc		918
	7,654		Global Industrial Co		290
	60,256		Glory Ltd		1,344
	6,775		GMM Pfaudler Ltd		402
	130,432	*	GMS, Inc		5,713
	49,333	*	Godrej Industries Ltd		384
	23,120		Gorman-Rupp Co		828
	95,830	*	Gotion High-tech Co Ltd		700
	76,569		Graco, Inc		5,358
	503,854		GrafTech International Ltd		5,200
	276,768		Grafton Group plc		4,704
	53,111		Granite Construction, Inc		2,101
	58,473		Graphite India Ltd		474
	75,114	*	Great Lakes Dredge & Dock Corp		1,133
	38,040		Greenbrier Cos, Inc		1,635
	487,000	g	Greentown Management Holdings Co Ltd		202
	52,972		Griffon Corp		1,303
	550,793	e	Grupo Carso S.A. de C.V. (Series A1)		1,887
	25,690		Grupo Empresarial San Jose		146
	203,819	e	Grupo Rotoplas SAB de C.V.		256
	44,484		GS Engineering & Construction Corp		1,585
	78,454		GS Yuasa Corp		1,774
	462,694		GT Capital Holdings, Inc		4,609
	18,315		Guangdong Kinlong Hardware Products Co Ltd		389
	107,648		Gulf Cable & Electrical Industries Co KSCP		300
	292,760		GWA International Ltd		573
	11,205		H&E Equipment Services, Inc		389

22

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	759,497		Haitian International Holdings Ltd	$	2,356
	50,900		Hangzhou Oxygen Plant Group Co Ltd		221
	281,782		Hangzhou Steam Turbine Co		561
	27,299	*	Hanjin Heavy Industries & Construction Co Ltd		229
	64,879		Hanwa Co Ltd		2,005
	41,033		Hanwha Corp		1,171
	46,704		Hanwha Systems Co Ltd		681
	634,781		HAP Seng Consolidated BHD		1,200
	668,000		Harbin Power Equipment		316
	26,800	e	Harmonic Drive Systems, Inc		1,285
	266,133		Havells India Ltd		4,892
	220,636		Hazama Ando Corp		1,582
	38,695		HDC Hyundai Development Co-Engineering & Construction		886
	370,500		Hebei Construction Group Corp Ltd		97
	29,360		Hefei Meiya Optoelectronic Technology, Inc		172
	11,676		HEG Ltd		352
	48,367		HEICO Corp		6,378
	87,020		HEICO Corp (Class A)		10,306
	31,476		Helios Technologies, Inc		2,584
	165,799		Hensoldt AG.		2,623
	8,609	*	Herc Holdings, Inc		1,407
	156,470		Hexagon Composites ASA		550
	102,626	*	Hexagon Purus Holding AS.		335
	33,105		Hexatronic Group AB		1,031
	98,309	*	Hexcel Corp		5,839
	26,728		Hibiya Engineering Ltd		468
	131,635		Hillenbrand, Inc		5,614
	180,394		Hino Motors Ltd		1,675
	9,000		Hirata Corp		551
	244,059	*	Hitachi Construction Machinery Co Ltd		6,857
	2,034,860	*	Hitachi Ltd		120,384
	692,820		Hitachi Zosen Corp		5,297
	175,003		Hiwin Technologies Corp		1,932
	26,321		Hochtief AG.		2,098
	2,465,060		Honeywell International, Inc		523,283
	41,575		Hongfa Technology Co Ltd		401
	81,462		Hoshizaki Electric Co Ltd		7,409
	14,400		Hosokawa Micron Corp		449
	842,589		Howden Joinery Group plc		10,144
	565,867		Howmet Aerospace, Inc		17,655
	521,781		Hubbell, Inc		94,270
	18,752		Huber & Suhner AG.		1,455
	17,268		Huntington Ingalls		3,334
	56,619	*	Hydrofarm Holdings Group, Inc		2,143
	120,661	*,e	Hyliion Holdings Corp		1,014
	47,656		Hyosung Corp		4,632
	4,837	*	Hyosung Heavy Industries Corp		311
	11,178		Hyster-Yale Materials Handling, Inc		562
	82,862	*	Hyundai Construction Equipment Co Ltd		2,830
	33,437	*	Hyundai Electric & Energy System Co Ltd		773
	24,337		Hyundai Elevator Co Ltd		1,000
	53,017		Hyundai Engineering & Construction Co Ltd		2,268
	27,427	*	Hyundai Heavy Industries		2,331
	23,578	*	Hyundai Mipo Dockyard		1,373
	33,983		Hyundai Robotics Co Ltd		1,840

23

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	79,979	*	Hyundai Rotem Co Ltd	$	1,612
	482,502	*,e	Ideanomics Inc		951
	33,477		Idec Corp		660
	6,301		IDEX Corp		1,304
	9,732	*	IES Holdings, Inc		445
	2,931,100		IJM Corp BHD		1,262
	6,006		Iljin Diamond Co Ltd		204
	164,165		Illinois Tool Works, Inc		33,921
	329,466		IMI plc		7,369
	17,002	*,e	Implenia AG.		378
	92,436		Inaba Denki Sangyo Co Ltd		2,250
	71,498		Inabata & Co Ltd		1,106
	16,618	g	IndiaMart InterMesh Ltd		1,866
	22,138		Indus Holding AG.		851
	1,703,847		Industries Qatar QSC		7,230
	333,616		Indutrade AB		9,277
	21,276	*,e	Infrastructure and Energy Alternatives, Inc		243
	731,266	*	Ingersoll Rand, Inc		36,863
	286,844	*,e	INNOVATE Corp		1,176
	2,803,600	*,†	Inovisi Infracom Tbk PT		0	^
	270,140	*	InPost S.A.		4,483
	50,942		Instalco AB		2,339
	20,285		Insteel Industries, Inc		772
	86,591		Interpump Group S.p.A.		5,581
	785		Interroll Holding AG.		3,327
	197,573		Investment AB Latour		6,114
	49,823		INVISIO AB		992
	138,001		Inwido AB		2,308
	488,424	*	Iochpe-Maxion S.A.		1,582
	122,221	*	IRB Infrastructure Developers Ltd		334
	14,233		IS Dongseo Co Ltd		554
	160,000		Ishikawajima-Harima Heavy Industries Co Ltd		4,045
	18,177		Italmobiliare S.p.A		622
	473,501	*,e	Itm Power plc		2,720
	1,193,162		Itochu Corp		34,752
	485,359		ITT, Inc		41,663
	25,652		Jantsa Jant Sanayi Ve Ticaret AS.		165
	14,232		Japan Pulp & Paper Co Ltd		498
	71,161		Japan Steel Works Ltd		1,842
	217,868		Jardine Matheson Holdings Ltd		11,516
	70,600		JDC Corp		382
	71,811	*	JELD-WEN Holding, Inc		1,797
	3,294,546		JG Summit Holdings (Series B)		4,198
	431,200		JGC Corp		4,011
	85,604		Jiangsu Hengli Hydraulic Co Ltd		1,118
	285,718		Jiangsu Zhongtian Technology Co Ltd		401
	29,648		John Bean Technologies Corp		4,167
	165,386		Johns Lyng Group Ltd		733
	916,468		Johnson Controls International plc		62,393
	19,808	g	JOST Werke AG.		1,122
	411,000	*,e	JTOWER, Inc		31,942
	6,492		Judges Scientific plc		664
	58,785		Jungheinrich AG.		2,726
	3,647	e	Kaba Holding AG.		2,646
	4,639		Kadant, Inc		947
	72,151		Kajaria Ceramics Ltd		1,160

24

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	273,399		Kajima Corp	$	3,503
	67,174		Kalpataru Power Transmission Ltd		364
	32,143		Kaman Corp		1,147
	35,975		Kamei Corp		403
	39,100		Kanamoto Co Ltd		915
	132,601		Kandenko Co Ltd		1,096
	88,100		Kanematsu Corp		1,090
	2,548,615	e	KAP Industrial Holdings Ltd		824
	2,835	*	Karat Packaging, Inc		60
	7,308		Kardex AG.		2,058
	23,800		Katakura Industries Co Ltd		364
	247,000		Kawasaki Heavy Industries Ltd		5,682
	9,610		KCC Glass Corp		554
	113,348		KEC International Ltd		675
	54,393		KEI Industries Ltd		679
	114,200		Keihan Electric Railway Co Ltd		3,280
	108,003		Keller Group plc		1,385
	100,455	e	Kennametal, Inc		3,439
	13,314		KEPCO Engineering & Construction Co, Inc		545
	1,461,347		Keppel Corp Ltd		5,580
	234,571		Kinden Corp		3,955
	66,160		Kingspan Group plc		6,599
	71,870		KION Group AG.		6,682
	178,000		Kitz Corp		1,253
	111,582	*	Kloeckner & Co AG.		1,389
	72,057		Knorr-Bremse AG.		7,709
	131,130		KNR Constructions Ltd		506
	860,690		KOC Holding AS		2,189
	17,326	*	Koenig & Bauer AG.		531
	826,820		Komatsu Ltd		19,801
	4,432	*	Komax Holding AG.		1,165
	101,090		Komori Corp		789
	78,277		Kone Oyj (Class B)		5,499
	70,980		Konecranes Oyj		2,840
	114,180		Kongsberg Gruppen ASA		3,184
	339,193	*	Koninklijke BAM Groep NV		1,079
	80,910		Korea Aerospace Industries Ltd		2,229
	5,496		Korea Electric Terminal Co Ltd		346
	321,697	*	Kornit Digital Ltd		46,562
	198,103	*	Kratos Defense & Security Solutions, Inc		4,420
	16,707		Krones AG.		1,630
	977,112		Kubota Corp		20,796
	82,004		Kumagai Gumi Co Ltd		2,122
	59,997		Kung Long Batteries Industrial Co Ltd		297
	84,387		Kurita Water Industries Ltd		4,061
	33,654		Kyokuto Kaihatsu Kogyo Co Ltd		492
	121,055		Kyowa Exeo Corp		2,967
	52,422		Kyudenko Corp		1,730
	5,978		Kyung Dong Navien Co Ltd		302
	267,732		L3Harris Technologies, Inc		58,965
	3,195		Lakshmi Machine Works Ltd		350
	1,397,956		Larsen & Toubro Ltd		31,976
	2,694	*	Lawson Products, Inc		135
	91,878		Legrand S.A.		9,845
	39,837		Lennox International, Inc		11,719
	493,694	*	Leonardo S.p.A.		4,038

25

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	95,656		LG Corp	$	7,447
	44,054		LG Hausys Ltd		2,897
	149,704		LG International Corp		4,334
	219,321	*	Liberty Media Acquisition Corp		2,266
	412,855		Lifco AB		11,089
	10,772		LIG Nex1 Co Ltd		467
	6,814		Lincoln Electric Holdings, Inc		878
	203,876		Lindab International AB		5,193
	4,702		Lindsay Corp		714
	20,887		LISI		621
	460,250		LIXIL Group Corp		13,340
	236,556		Lockheed Martin Corp		81,635
	1,939,355		Lonking Holdings Ltd		585
	110,909		Lotte Corp		3,130
	30,109		LS Cable Ltd		1,612
	38,837		LS Industrial Systems Co Ltd		2,159
	109,608	g	Luceco plc		482
	266,000	*,e	Luoyang Glass Co Ltd		337
	24,512		Luxfer Holdings plc		481
	44,279	*	LX Holdings Corp		352
	14,376	*	Lydall, Inc		893
	118,038		Maas Group Holdings Ltd		459
	55,432		Mabuchi Motor Co Ltd		1,922
	190,215	e	Maeda Corp		1,509
	41,862		Maeda Road Construction Co Ltd		778
	166,463	e	Maire Tecnimont S.p.A		645
	29,339		Makino Milling Machine Co Ltd		1,128
	224,391		Makita Corp		12,338
	3,529,900		Malaysian Resources Corp BHD		332
	11,268		Manitou BF S.A.		378
	39,450	*	Manitowoc Co, Inc		845
	407,410		Marcopolo S.A.		218
	1,251,440		Marubeni Corp		10,353
	1,052,894		Masco Corp		58,488
	18,547	*	Masonite International Corp		1,968
	65,277	*	Mastec, Inc		5,632
	32,450	*	Matrix Service Co		339
	27,600		Max Co Ltd		480
	84,090		Maxar Technologies, Inc		2,381
	10,725	*	Mayville Engineering Co Inc		202
	2,387		MBB SE		364
	52,251		McGrath RentCorp		3,759
	29,946	*,e	McPhy Energy S.A.		601
	711,000	e	MECOM Power and Construction Ltd		315
	949,599	*	Meggitt plc		9,369
	42,271		Meidensha Corp		931
	59,700		Meisei Industrial Co Ltd		396
	879,832		Melrose Industries plc		2,043
	63,169	*	Mercury Systems, Inc		2,995
	50,684	*	Meritor, Inc		1,080
	639,403		Metallurgical Corp of China Ltd		429
	26,200		METAWATER Co Ltd		441
	756,885		Metso Outotec Oyj		6,907
	97,752	*	Middleby Corp		16,668
	85,494	e	Mie Kotsu Group Holdings, Inc		423
	35,467		Millat Tractors Ltd		224

26

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	12,697		Miller Industries, Inc	$	432
	339,890		Minebea Co Ltd		8,656
	143,900		Ming Yang Smart Energy Group Ltd		552
	112,462		Miraito Holdings Corp		2,226
	365,854		MISUMI Group, Inc		15,567
	1,360,535		Mitsubishi Corp		42,724
	1,124,677		Mitsubishi Electric Corp		15,630
	299,538		Mitsubishi Heavy Industries Ltd		8,026
	30,000		Mitsubishi Nichiyu Forklift Co Ltd		308
	25,750		Mitsuboshi Belting Co Ltd		478
	1,844,769		Mitsui & Co Ltd		40,340
	87,931		Miura Co Ltd		3,515
	103,363	e	Monadelphous Group Ltd		667
	1,634,690		MonotaRO Co Ltd		36,634
	180,241	*,g	Montana Aerospace AG.		6,428
	43,174		Moog, Inc (Class A)		3,291
	345,835		Morgan Crucible Co plc		1,680
	48,869		Morgan Sindall plc		1,570
	137,644		Mori Seiki Co Ltd		2,569
	38,000		Morita Holdings Corp		515
	347,864	*,e	MRC Global, Inc		2,553
	52,296		MSC Industrial Direct Co (Class A)		4,194
	53,508		MTU Aero Engines Holding AG.		12,030
	70,024		Mueller Industries, Inc		2,878
	212,621		Mueller Water Products, Inc (Class A)		3,236
	165,633	g	Munters Group AB		1,358
	46,542	*	MYR Group, Inc		4,631
	51,662		Nabtesco Corp		1,953
	16,433		Nachi-Fujikoshi Corp		671
	400,404		Nagarjuna Construction Co		443
	118,800		Nagase & Co Ltd		1,999
	378,764		NARI Technology Co Ltd		2,092
	233,298		National Central Cooling Co PJSC		171
	1,090,700	*	National Industries Group Holding SAK		867
	5,981		National Presto Industries, Inc		491
	732,783		NBCC India Ltd		478
	210,587		NCC AB (B Shares)		3,317
	1,818,646	*,e	NEL ASA		2,678
	125,289		Neles Oyj		1,720
	29,487		Nexans S.A.		2,749
	78,099	e	NFI Group, Inc		1,470
	56,304		NGK Insulators Ltd		954
	1,584,713		Nibe Industrier AB		19,915
	70,440		Nichias Corp		1,719
	15,700		Nichiden Corp		334
	54,245		Nichiha Corp		1,547
	37,500		Nichireki Co Ltd		456
	282,052		Nidec Corp		31,093
	54,067		Nikkiso Co Ltd		466
	81,936	*,e	Nikola Corp		874
	38,916	*	Nilfisk Holding A.S.		1,249
	113,476		Nippo Corp		4,067
	10,600		Nippon Carbon Co Ltd		396
	45,059		Nippon Densetsu Kogyo Co Ltd		763
	13,325		Nippon Koei Co Ltd		428
	9,000		Nippon Road Co Ltd		680

27

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	101,000	*	Nippon Sheet Glass Co Ltd	$	520
	19,717		Nippon Steel Trading Co Ltd		891
	51,965	e	Nishimatsu Construction Co Ltd		1,608
	20,700		Nishio Rent All Co Ltd		544
	9,995		Nissei ASB Machine Co Ltd		341
	177,331	e	Nisshinbo Industries, Inc		1,336
	57,700		Nissin Electric Co Ltd		706
	20,400		Nitta Corp		500
	350,700		Nitto Boseki Co Ltd		11,725
	42,135		Nitto Kogyo Corp		660
	11,073		Nitto Kohki Co Ltd		202
	17,635		Nittoku Engineering Co Ltd		691
	48,468	*	NKT Holding AS		2,105
	58,381	*	NN, Inc		307
	2,400	*,†,e	Noble Group Ltd		0	^
	251,458		Nolato AB		3,007
	127,736	*	Nordex AG.		2,144
	86,885		Nordson Corp		20,692
	9,983		Noritake Co Ltd		445
	20,251	e	Noritsu Koki Co Ltd		459
	31,131		Noritz Corp		508
	40,748		NORMA Group		1,715
	403,037		Northrop Grumman Corp		145,154
	12,161	*	Northwest Pipe Co		288
	632,131	*	NOW, Inc		4,836
	1,282,132		NRW Holdings Ltd		1,422
	370,902		NSK Ltd		2,513
	985,561	*	NTN Corp		2,207
	12,511	*	NV5 Global Inc		1,233
	18,260	e	nVent Electric plc		590
	1,886,000		NWS Holdings Ltd		1,736
	11,446		Obara Corp		399
	394,309		Obayashi Corp		3,250
	464,926		OC Oerlikon Corp AG.		5,066
	5,961		OHB AG.		264
	23,121		Oiles Corp		341
	26,167		Okuma Holdings, Inc		1,261
	36,400		Okumura Corp		973
	1,179	e	Omega Flex, Inc		168
	230,126	*,e	Opus Global Rt		188
	25,137		Organo Corp		1,540
	96,906		OSG Corp		1,659
	24,967		Oshkosh Corp		2,556
	9	*	OSRAM Licht AG.		1
	590,157		Otis Worldwide Corp		48,558
	8,756		Otokar Otobus Karoseri Sanayi AS		317
	1,080,261		Owens Corning, Inc		92,362
	811,318		PACCAR, Inc		64,029
	137,831	*,e	PAE, Inc		824
	16,668		Palfinger AG.		727
	25,493		Park Aerospace Corp		349
	502,124		Parker-Hannifin Corp		140,404
	10,210		Park-Ohio Holdings Corp		261
	33,889	*	Parsons Corp		1,144
	215,117		Peab AB (Series B)		2,224
	21,825		Pentair plc		1,585

28

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	1,542,400		Pentamaster Corp BHD	$	2,017
	317,946		Penta-Ocean Construction Co Ltd		2,158
	34,582		PER Aarsleff A.S.		1,414
	5,156		Pfeiffer Vacuum Technology AG.		1,101
	45,547	*	PGT Innovations, Inc		870
	597,159	*,e	Plug Power, Inc		15,251
	90,312		PNC Infratech Ltd		463
	44,399		PNE AG.		384
	36,990		Polycab India Ltd		1,186
	305,367		Polypipe Group plc		2,844
	207,805		Polyplex PCL (Foreign)		173
	13,353	*	Porr AG.		238
	12,069		Powell Industries, Inc		297
	616,469		Power Construction Corp of China Ltd		808
	58,990	*,e	PowerCell Sweden AB		1,131
	2,900,388	*	PP Persero Tbk PT		218
	4,072		Preformed Line Products Co		265
	163,743		Primoris Services Corp		4,010
	37,123	*	Proto Labs, Inc		2,472
	50,315		Prysmian S.p.A.		1,757
	165,959		PSG Group Ltd		815
	1,329,369		QinetiQ plc		5,754
	39,445		Quanex Building Products Corp		845
	206,996		Quanta Services, Inc		23,560
	54,000		Raito Kogyo Co Ltd		952
	186,132		Randon Participacoes S.A.		403
	8,639		Rational AG.		8,115
	63,739	*	Raven Industries, Inc		3,672
	5,490,230		Raytheon Technologies Corp		471,940
	44,334	*	RBC Bearings, Inc		9,408
	584,000	*,e	Realord Group Holdings Ltd		747
	232,797		Rechi Precision Co Ltd		154
	291,692		Reece Ltd		3,934
	119,799		Regal-Beloit Corp		18,011
	973,062		Reliance Worldwide Corp Ltd		3,538
	41,200	*,e	ReneSola Ltd (ADR)		271
	157,465	*,e	Resideo Technologies, Inc		3,904
	169,709		Reunert Ltd		535
	506,046		REV Group, Inc		8,684
	298,289		Rexel S.A.		5,747
	414,864		Rexnord Corp		26,672
	125,000		Rexon Industrial Corp Ltd		310
	52,951		Rheinmetall AG.		5,172
	64,854		Richelieu Hardware Ltd		2,133
	6,846	*	Rieter Holding AG.		1,496
	91,200		Riyue Heavy Industry Co Ltd		485
	190,993		Rockwell Automation, Inc		56,160
	1,630		Rockwool International AS (B Shares)		696
	8,448,643	*	Rolls-Royce Group plc		15,780
	54,592	*,e	Romeo Power, Inc		270
	294,794		Roper Technologies Inc		131,516
	1,882,455		Rotork plc		8,847
	182,056		Run Long Construction Co Ltd		390
	49,513		Rush Enterprises, Inc (Class A)		2,236
	7,638		Rush Enterprises, Inc (Class B)		350
	76,157	e	Russel Metals, Inc		1,826

29

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	47,857		Ryobi Ltd	$	540
	91,335		Saab AB (Class B)		2,586
	508,854	e	Sacyr Vallehermoso S.A.		1,250
	615,717		Safran S.A.		77,876
	20,805		Salcef S.p.A		417
	22,599	*	SAM KANG M&T Co Ltd		413
	7,391		Samho International Co Ltd		189
	259,472		Samsung C&T Corp		26,741
	106,030	*	Samsung Engineering Co Ltd		2,257
	430,619	*	Samsung Heavy Industries Co Ltd		2,242
	138,760		Samsung Techwin Co Ltd		5,814
	106,623		San Shing Fastech Corp		222
	3,241,703		Sandvik AB		74,061
	50,400		Sanki Engineering Co Ltd		667
	412,241		Sanwa Shutter Corp		5,359
	1,326,000		Sany Heavy Equipment International		1,569
	593,757		Sany Heavy Industry Co Ltd		2,327
	9,400		Sanyo Denki Co Ltd		596
	70,935		Saudi Ceramic Co		1,175
	62,428	e	Savaria Corp		1,010
	6,714		Schaeffler India Ltd		680
	8,358		Schindler Holding AG.		2,244
	3,894		Schindler Holding AG. (Registered)		1,003
	879,710		Schneider Electric S.A.		146,519
	1,213		Schweiter Technologies AG.		1,744
	29,295		Sekisui Jushi Corp		556
	20,203,436	*,e	SembCorp Marine Ltd		1,225
	12,093		Semperit AG. Holding		430
	543,845	*	Senior plc		1,262
	109,578	*,e	Sensata Technologies Holding plc		5,996
	254,848	e	Seven Group Holdings Ltd		3,734
	18,454		SFA Engineering Corp		573
	20,791		SFS Group AG.		2,825
	112,426	*	SGL Carbon AG.		1,219
	380,627		Shanghai Construction Group Co Ltd		241
	372,580		Shanghai Diesel Engine Co Ltd		210
	857,803		Shanghai Electric Group Co Ltd		688
	261,748		Shanghai Highly Group Co Ltd		137
	445,000		Shanghai Industrial Holdings Ltd		667
	177,624		Shapir Engineering and Industry Ltd		1,425
	174,140		Shenzhen Inovance Technology Co Ltd		1,692
	22,436		Shibaura Machine Co Ltd		551
	14,500		Shibuya Kogyo Co Ltd		398
	294,672	*	Shikun & Binui Ltd		1,730
	42,600		Shima Seiki Manufacturing Ltd		857
	336,544		Shimizu Corp		2,519
	10,604		Shin Nippon Air Technologies Co Ltd		232
	153,361		Shin Zu Shing Co Ltd		567
	21,700		Shinko Electric Co Ltd		236
	33,584		Shinko Plantech Co Ltd		361
	66,700		Shinmaywa Industries Ltd		555
	20,448		Shinnihon Corp		156
	117,340	*	Shoals Technologies Group, Inc		3,271
	47,208		SHO-BOND Holdings Co Ltd		2,092
	1,537,469	*	Shun TAK Holdings Ltd		412
	162,630		Shyft Group, Inc		6,182

30

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	405,500	†	Sichuan Road & Bridge Co Ltd	$	527
	1,648,511		Siemens AG.		269,616
	765,320	*	Siemens Energy AG.		20,472
	46,120	*	Siemens Gamesa Renewable Energy		1,172
	80,941		Siemens India Ltd		2,316
	12,782	e	SIF Holding NV		216
	704,259	*	SIG plc		455
	246,012	g	Signify NV		12,315
	3,010,259		Sime Darby BHD		1,632
	109,481	e	Simpson Manufacturing Co, Inc		11,711
	968,407		Singapore Technologies Engineering Ltd		2,703
	47,851		Sinko Industries Ltd		912
	912,396		Sino Thai Engineering & Construction PCL		364
	1,462,000		Sinopec Engineering Group Co Ltd		741
	874,467		Sinotruk Hong Kong Ltd		1,295
	82,159	*	SiteOne Landscape Supply, Inc		16,388
	35,987		SK Holdings Co Ltd		8,041
	388,984		SK Networks Co Ltd		1,686
	67,863		Skanska AB (B Shares)		1,703
	1,964,446		SKF AB (B Shares)		46,324
	20,020		SKF India Ltd		830
	166,626		SM Investments Corp		3,234
	39,863		SMC Corp		24,871
	2,722,662		Smiths Group plc		52,501
	63,765		Snap-On, Inc		13,324
	235,638	e	SNC-Lavalin Group, Inc		6,545
	44,800	e	Sodick Co Ltd		365
	289,002		Sojitz Holdings Corp		4,720
	49,581	*,e	Soltec Power Holdings S.A.		400
	91,452		Spirax-Sarco Engineering plc		18,401
	544,363		Spirit Aerosystems Holdings, Inc (Class A)		24,055
	245,758	*	SPX Corp		13,136
	47,889		SPX FLOW, Inc		3,501
	51,616		Stabilus S.A.		3,620
	61,965	e	Stadler Rail AG.		2,592
	14,253	e	Standex International Corp		1,410
	627,439		Stanley Black & Decker, Inc		109,996
	42,466		Star Micronics Co Ltd		588
	6,363		Steico SE		801
	108,019	*,e	Stem, Inc		2,581
	47,776	*	Sterling Construction Co, Inc		1,083
	23,124	e	Sulzer AG.		2,195
	1,027,170		Sumitomo Corp		14,470
	18,097		Sumitomo Densetsu Co Ltd		377
	306,800		Sumitomo Heavy Industries Ltd		7,996
	173,637		Sumitomo Mitsui Construction Co Ltd		774
	98,170		Sungrow Power Supply Co Ltd		2,231
	191,000		Sunonwealth Electric Machine Industry Co Ltd		262
	335,700	e	Sunpower Group Ltd		151
	230,828	*	Sunrun, Inc		10,156
	1,968,700		Sunway BHD		795
	301,848		Sunway Construction Group BHD		118
	112,763		Sunwoda Electronic Co Ltd		648
	258,063		Suzhou Gold Mantis Construction Decoration Co Ltd		251
	7,600		Suzhou Maxwell Technologies Co Ltd		712
	242,687		Sweco AB		3,831

31

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	116,722		Tadano Ltd	$	1,226
	20,445		Taeyoung Engineering & Construction Co Ltd		199
	296,873	*	Taihan Electric Wire Co Ltd		596
	14,243		Taihei Dengyo Kaisha Ltd		360
	52,753		Taikisha Ltd		1,586
	116,586		Taisei Corp		3,736
	991,670		Taiwan Glass Industrial Corp		1,036
	21,639		Takamatsu Corp		392
	40,564		Takara Standard Co Ltd		589
	84,841		Takasago Thermal Engineering Co Ltd		1,605
	42,900		Takeuchi Manufacturing Co Ltd		988
	70,100		Takuma Co Ltd		975
	76,355	*,g	Talgo S.A.		397
	43,200		Tatsuta Electric Wire and Cable Co Ltd		207
	285,766		TBEA Co Ltd		1,063
	1,568,475		Techtronic Industries Co		30,995
	1,698,000		Teco Electric and Machinery Co Ltd		1,894
	25,899		Teikoku Sen-I Co Ltd		469
	188,344		Tekfen Holding AS		290
	14,192		Tennant Co		1,049
	28,584	*	Tera Light Ltd		89
	1,819,103		Terex Corp		76,584
	50,280	*,e	Textainer Group Holdings Ltd		1,755
	799,491		Textron, Inc		55,812
	269,046		Thales S.A.		26,085
	18,582	*	The ExOne Company		434
	35,629		Thermax Ltd		650
	38,810	*	Thermon Group Holdings		672
	59,365		THK Co Ltd		1,303
	1,169,800		Thoresen Thai Agencies PCL		447
	6,731		Timken Co		440
	16,119		Timken India Ltd		367
	151,788	*	Titan International, Inc		1,087
	79,620	*,e	Titan Machinery, Inc		2,063
	49,543		TKH Group NV		2,774
	16,800	e	Toa Corp/Tokyo		369
	69,811		Tocalo Co Ltd		846
	413,256		Toda Corp		2,885
	4,415		Toenec Corp		144
	125,400		Tokai Corp		1,008
	88,202		Tokyu Construction Co Ltd		618
	59,436		Topsec Technologies Group Inc		147
	58,939		Toro Co		5,741
	134,590		Toromont Industries Ltd		11,235
	278,792		Toshiba Corp		11,735
	32,677		Totetsu Kogyo Co Ltd		721
	116,428		Toto Ltd		5,544
	102,203		Toyo Construction Co Ltd		535
	12,700		Toyo Tanso Co Ltd		336
	133,758		Toyota Tsusho Corp		5,617
	13,587	*,e	TPI Composites, Inc		459
	916,351		Trane Technologies plc		158,208
	2,839	*	Transcat Inc		183
	90,413	*	TransDigm Group, Inc		56,469
	274,217		Travis Perkins plc		5,638
	326,399		Trelleborg AB (B Shares)		6,929

32

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	137,052	*	Trex Co, Inc	$	13,970
	51,235	*	Trimas Corp		1,658
	91,117		Trinity Industries, Inc		2,476
	112,293		Triton International Ltd		5,844
	75,123	*	Triumph Group, Inc		1,400
	47,353		Troax Group AB		1,820
	54,310		Trusco Nakayama Corp		1,408
	53,130		Tsubaki Nakashima Co Ltd		751
	30,790		Tsubakimoto Chain Co		951
	53,200		Tsugami Corp		802
	39,100		Tsukishima Kikai Co Ltd		409
	9,214		Tsurumi Manufacturing Co Ltd		145
	60,376		Turk Traktor ve Ziraat Makineleri AS		1,090
	1,396,931		Turkiye Sise ve Cam Fabrikalari AS		1,287
	46,912	*	Tutor Perini Corp		609
	20,469	*	TY Holdings Co Ltd		490
	183,553		UFP Industries, Inc		12,478
	86,803		Ultra Electronics Holdings		3,785
	10,000		Union Tool Co		352
	106,698	*	Unison Co Ltd		315
	159,537		United Integrated Services Co Ltd		1,007
	201,300	*	United Rentals, Inc		70,642
	293,355	*	Univar Solutions Inc		6,988
	67,291		Uponor Oyj		1,668
	111,600		Ushio, Inc		2,091
	339,900		UWC BHD		484
	286,406		Valmet Corp		10,340
	25,726		Valmont Industries, Inc		6,049
	22,077	e	Varta AG.		2,959
	41,707	g	VAT Group AG.		16,461
	83,880	*	Vectrus, Inc		4,217
	133,340		Veidekke ASA		1,630
	17,312	*	Veritiv Corp		1,550
	551,370		Vertiv Holdings Co		13,283
	203,276		Vestas Wind Systems A.S.		8,153
	272,287		Vesuvius plc		1,776
	174,476		V-Guard Industries Ltd		604
	8,685	*	Vicor Corp		1,165
	105,053	*,e	View, Inc		569
	763,309		Vinci S.A.		79,391
	206,889	*,e	Virgin Galactic Holdings, Inc		5,234
	138,547		Volex plc		813
	214,478		Voltas Ltd		3,502
	60,371		Voltronic Power Technology Corp		3,681
	42,039		Volvo AB (A Shares)		950
	840,043		Volvo AB (B Shares)		18,755
	11,856		Vossloh AG.		632
	583,977	g	VPower Group International Holdings Ltd		125
	321,874		W.W. Grainger, Inc		126,516
	56,656		Wabash National Corp		857
	1,312,315		Wabtec Corp		113,135
	89,551		Wacker Construction Equipment AG.		2,582
	49,600		Wakita & Co Ltd		482
	2,353,472		Walsin Lihwa Corp		2,114
	1,674,282	e	Wartsila Oyj (B Shares)		19,940
	11,895		Washtec AG.		748

33

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	4,548,500	*	Waskita Karya Persero Tbk PT	$	264
	50,895		Watsco, Inc		13,468
	26,556		Watts Water Technologies, Inc (Class A)		4,464
	487,019	e	Webuild SpA		1,235
	1,841,750		Weg S.A.		13,403
	1,321,709		Weichai Power Co Ltd		2,736
	266,886		Weichai Power Co Ltd (Class A)		705
	2,342,667	*	Weir Group plc		52,882
	302,994	*	Welbilt, Inc		7,042
	100,553	*	WESCO International, Inc		11,596
	172,547	*,e	Westport Innovations, Inc		567
	2,958,472	*	Wijaya Karya Persero Tbk PT		247
	2,894	*	Willis Lease Finance Corp		108
	619,443	*	WillScot Mobile Mini Holdings Corp		19,649
	53,536	*	Wilson Bayly Holmes-Ovcon Ltd		421
	196,070	e	Woodward Inc		22,195
	133,013	e	WSP Global, Inc		15,927
	16,600		Wuxi Shangji Automation Co Ltd		712
	656,738		XCMG Construction Machinery Co Ltd		706
	383,311		Xiamen C & D, Inc		495
	271,767		Xinjiang Goldwind Science & Technology Co Ltd		728
	931,813		Xinjiang Goldwind Science & Technology Co Ltd (Hong Kong)		1,959
	1,827,000		Xinyi Glass Holdings Co Ltd		5,450
	127,112		Xxentria Technology Materials Corp		303
	16,767		Xylem, Inc		2,074
	38,380		YAMABIKO Corp		424
	62,100	e	Yamashin-Filter Corp		365
	61,970		Yamazen Corp		594
	2,854,400		Yangzijiang Shipbuilding		2,874
	25,348		Yantai Eddie Precision Machinery Co Ltd		141
	46,522		Yaskawa Electric Corp		2,234
	170,694	e	YIT Oyj		902
	61,279		Yokogawa Bridge Holdings Corp		1,334
	18,652		Yuasa Trading Co Ltd		504
	109,000		Yungtay Engineering Co Ltd		251
	62,300		Yurtec Corp		406
	10,438	*,†	Yuyang DNU Co Ltd		0
	227,624		Zardoya Otis S.A.		1,849
	11,484		Zehnder Group AG.		1,215
	236,500		Zhefu Holding Group Co Ltd		277
	152,363		Zhejiang Chint Electrics Co Ltd		1,326
	19,392		Zhejiang Dingli Machinery Co Ltd		212
	26,626		Zhejiang HangKe Technology, Inc Co		338
	234,612		Zhejiang Sanhua Intelligent Controls Co Ltd		826
	139,351		Zhejiang Weixing New Building Materials Co Ltd		363
	226,400	e	Zhengzhou Coal Mining Machinery Group Co Ltd		234
	203,585		Zhengzhou Yutong Bus Co Ltd		357
	385,100	*	Zhuzhou CSR Times Electric Co Ltd		1,764
	206,100		Zhuzhou Kibing Group Co Ltd		546
	527,439		Zoomlion Heavy Industry Science and Technology Co Ltd		672
	1,017,138		Zoomlion Heavy Industry Science and Technology Co Ltd		906
	32,506		Zumtobel AG.		340
			TOTAL CAPITAL GOODS		9,602,554

34

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
COMMERCIAL & PROFESSIONAL SERVICES - 1.5%
	19,991	*	51job, Inc (ADR)	$	1,390
	166,947		ABM Industries, Inc		7,514
	68,088	*	Acacia Research (Acacia Technologies)		462
	111,223		ACCO Brands Corp		955
	218,421		Adecco S.A.		10,944
	164,524	e	ADT, Inc		1,331
	40,120		Aeon Delight Co Ltd		1,275
	141,719		AF AB		4,315
	1,438,442	*	Aker Carbon Capture AS.		4,483
	16,553	*	Akka Technologies S.A.		910
	671,968		ALS Ltd		6,052
	40,530		Altech Corp		746
	7,994		Amadeus Fire AG		1,654
	44,700		Ambipar Participacoes e Empreendimentos S		384
	177,506		Applus Services S.A.		1,692
	101,327	*	ASGN Inc		11,464
	73,288	*,e	Atlas Technical Consultants, Inc		745
	8,841		Barrett Business Services, Inc		674
	46,379		BayCurrent Consulting, Inc		23,223
	70,360	g	Befesa S.A.		5,351
	1,664,000	*	Beijing Enterprises Urban Resources Group Ltd		172
	408,623		Beijing Originwater Technology Co Ltd		490
	318,482		Benefit One, Inc		15,014
	67,547		BeNEXT Group Inc		789
	7,490		Bertrandt AG.		436
	369,589	*,g	Biffa plc		1,793
	35,095		Bilfinger Berger AG.		1,219
	86,000		Binjiang Service Group Co Ltd		240
	218,800		Boa Vista Servicos S.A.		510
	220,171		Booz Allen Hamilton Holding Co		17,471
	152,311		Boyd Group Services, Inc		28,253
	164,451		Brady Corp (Class A)		8,338
	1,474,315		Brambles Ltd		11,337
	249,522	g	Bravida Holding AB		3,368
	139,250	*	BrightView Holdings, Inc		2,055
	18,150	e	Brink’s Co		1,149
	100,471		Brunel International NV		1,180
	412,130		Bureau Veritas S.A.		12,719
	27,141	*	CACI International, Inc (Class A)		7,114
	59,746	*	Casella Waste Systems, Inc (Class A)		4,537
	113,313		Caverion Corp		882
	57,455	*	CBIZ, Inc		1,858
	35,146	*	Ceco Environmental Corp		247
	9,788		Central Security Patrols Co Ltd		254
	12,468		Cewe Color Holding AG.		1,672
	2,495,085		China Everbright International Ltd		1,875
	100,730	*	Cimpress plc		8,746
	99,666		Cintas Corp		37,939
	2,082,761	*	Clarivate Analytics plc		45,613
	60,230	*	Clean Harbors, Inc		6,256
	75,000		Cleanaway Co Ltd		504
	4,552,118		Cleanaway Waste Management Ltd		8,934
	118,569		Clipper Logistics plc		1,166
	5,328	e	Compx International, Inc		111

35

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	113,985	e,g	Coor Service Management Holding AB	$	1,080
	239,067	*	Copart, Inc		33,163
	140,884	*	CoreCivic, Inc		1,254
	437,666	*	CoStar Group, Inc		37,666
	204,931		Covanta Holding Corp		4,123
	5,121		CRA International, Inc		509
	1,857,633		Dai Nippon Printing Co Ltd		44,755
	53,465		Daiseki Co Ltd		2,335
	6,145		Danel Adir Yeoshua Ltd		1,198
	49,579		Deluxe Corp		1,779
	120,894	*	Derichebourg		1,395
	54,592		DKSH Holding AG.		4,270
	7,840	*,e	DO & CO AG.		634
	852,700		Downer EDI Ltd		3,887
	60,916	*	Driven Brands Holdings, Inc		1,760
	186,401	*	Dun & Bradstreet Holdings, Inc		3,133
	47,498		Duskin Co Ltd		1,103
	418,000		Dynagreen Environmental Protection Group Co Ltd		248
	12,808	*	Ecopro HN Co Ltd		1,076
	31,000		ECOVE Environment Corp		256
	285,403	*	Elis S.A.		5,443
	34,820		en-japan, Inc		1,258
	29,848	e	Ennis, Inc		563
	137,775		Equifax, Inc		34,915
	900,000	*,e	Ever Sunshine Lifestyle Services Group Ltd		1,799
	1,346,065		Experian Group Ltd		56,387
	32,939		Exponent, Inc		3,727
	22,411		Fila S.p.A		250
	151,548	*	First Advantage Corp		2,887
	31,209	*	Forrester Research, Inc		1,537
	37,751	*,e	Franklin Covey Co		1,540
	944,400		Frontken Corp BHD		808
	38,733	*	FTI Consulting, Inc		5,217
	107,865		Fullcast Co Ltd		2,189
	45,354		Funai Soken Holdings, Inc		1,227
	16,369	*	GDI Integrated Facility Services, Inc		706
	178,391	e	GFL Environmental, Inc		6,632
	15,606	*	GP Strategies Corp		323
	42,000	*,e	Grace Technology, Inc		377
	179,932	*	Harsco Corp		3,050
	2,038,108		Hays plc		4,441
	133,735		Healthcare Services Group		3,342
	22,297		Heidrick & Struggles International, Inc		995
	12,696	*	Heritage-Crystal Clean, Inc		368
	252,280		Herman Miller, Inc		9,501
	4,027	e	HireQuest, Inc		78
	140,742		HNI Corp		5,168
	629,249		HomeServe plc		7,669
	66,575	*	Huron Consulting Group, Inc		3,462
	237,941	*	IAA, Inc		12,984
	117,940		ICF International, Inc		10,531
	433,603		IHS Markit Ltd		50,567
	57,380		Indian Railway Catering & Tourism Corp Ltd		2,935
	22,506		Insource Co Ltd		436
	21,686		Insperity, Inc		2,402
	24,013	*	Insun ENT Co Ltd		267

36

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	155,522		Interface, Inc	$	2,356
	213,837		Intertek Group plc		14,299
	111,865	*,g	Intertrust NV		1,675
	787,061		Intrum Justitia AB		21,373
	252,252		IPH Ltd		1,647
	142,944		IR Japan Holdings Ltd		15,744
	192,065	*	ISS AS		4,060
	16,600		JAC Recruitment Co Ltd		325
	278,727		Jacobs Engineering Group, Inc		36,940
	1,699,700		Japan Elevator Service Holdings Co Ltd		39,086
	374,700		JMT Network Services PCL		491
	567,209	*	Johnson Service Group plc		1,149
	143,888	*	KAR Auction Services, Inc		2,358
	140,665		KBR, Inc		5,542
	73,367	e	Kelly Services, Inc (Class A)		1,385
	22,749		KEPCO Plant Service & Engineering Co Ltd		735
	171,763		Kforce, Inc		10,244
	47,743		Kimball International, Inc (Class B)		535
	20,410		Koentec Co Ltd		154
	100,108		Kokuyo Co Ltd		1,697
	64,681		Korn/Ferry International		4,680
	31,299	g	L&T Technology Services Ltd		1,972
	21,002	*	Legalzoom.com, Inc		555
	159,831		Leidos Holdings, Inc		15,365
	84,090	e	LifeWorks, Inc		2,142
	49,689		Link And Motivation, Inc		502
	91,900		Loomis AB		2,494
	18,476		Maharah Human Resources Co		402
	8,200	*,e	Makuake, Inc		336
	94,461		Manpower, Inc		10,228
	41,004		Mantech International Corp (Class A)		3,113
	14,262		Matsuda Sangyo Co Ltd		370
	35,977	e	Matthews International Corp (Class A)		1,248
	92,805		McMillan Shakespeare Ltd		967
	29,328		Meitec Corp		1,615
	154,576	*	Meltwater Holding BV		732
	389,266		Michael Page International plc		3,257
	24,676	*	Mistras Group, Inc		251
	2,118,852	*	Mitie Group		2,027
	40,244		Mitsubishi Pencil Co Ltd		517
	8,316	*	Montrose Environmental Group, Inc		513
	42,493	e	MSA Safety, Inc		6,191
	33,894		NICE Information Service Co Ltd		581
	422,118		Nielsen NV		8,101
	626,670		Nihon M&A Center, Inc		18,402
	27,800		Nippon Kanzai Co Ltd		640
	218,111		Nippon Parking Development Co Ltd		311
	11,591		NL Industries, Inc		67
	237,848		Nomura Co Ltd		2,140
	61,428		Okamura Corp		894
	140,509		Outsourcing, Inc		2,518
	172,400		Park24 Co Ltd		2,934
	23,800		Pasona Group, Inc		673
	127,726		Persol Holdings Co Ltd		3,184
	33,142		Pilot Corp		1,260
	717,003		Pitney Bowes, Inc		5,170

37

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	103,427		Prestige International, Inc	$	706
	513,742	*,g	Prosegur Cash S.A.		414
	290,742		Prosegur Cia de Seguridad S.A.		867
	101,728	*,e	PyroGenesis Canada, Inc		411
	145,309	*,e	Quantafuel ASA		415
	66,513	g	Quess Corp Ltd		816
	373,103	*,e	Raksul, Inc		19,625
	119,318	e	Randstad Holdings NV		8,033
	4,352,074		Recruit Holdings Co Ltd		266,024
	305,441		RELX plc		8,842
	2,043,129		RELX plc (London)		58,814
	67,600		Renrui Human Resources Technology Holdings Ltd		81
	1,870,336		Rentokil Initial plc		14,687
	238,260		Republic Services, Inc		28,606
	36,766		Resources Connection, Inc		580
	140,889		Restore plc		932
	124,956	e	Ritchie Bros Auctioneers, Inc		7,711
	131,261		Robert Half International, Inc		13,169
	262,728		Rollins, Inc		9,282
	94,079	*	RR Donnelley & Sons Co		484
	354,016		RWS Holdings plc		2,988
	19,513		S1 Corp (Korea)		1,378
	97,352		Sato Corp		2,365
	40,185	*	Saudi Airlines Catering Co		959
	67,794		Science Applications International Corp		5,801
	31,655	*	Sdiptech AB		1,544
	193,006		Secom Co Ltd		13,960
	313,642		Securitas AB (B Shares)		4,964
	1,869,838		Serco Group plc		3,368
	122,207		SG Fleet Group Ltd		262
	6,098		SGS S.A.		17,750
	50,935		Shanghai M&G Stationery, Inc		535
	100,500	*,†	Shanghai Youngsun Investment Co Ltd		1
	123,521		Smart Metering Systems plc		1,391
	161,989		SmartGroup Corp Ltd		1,105
	360,687		SMS Co Ltd		13,140
	29,880		Societe BIC S.A.		1,762
	52,990		Sohgo Security Services Co Ltd		2,382
	183,100	*,e	SOS Ltd (ADR)		390
	7,676	*	SP Plus Corp		235
	298,665		SPIE S.A.		6,760
	67,832		S-Pool, Inc		631
	66,580		Sporton International, Inc		522
	136,538		Stantec, Inc		6,414
	104,606		Steelcase, Inc (Class A)		1,326
	401,145	*,e	Stericycle, Inc		27,266
	272,265		Sthree plc		2,128
	64,000		Sunny Friend Environmental Technology Co Ltd		452
	378,660		Taiwan Secom Co Ltd		1,325
	275,340		Taiwan-Sogo Shinkong Security Corp		376
	36,975		Talenom Oyj		599
	34,942	*	Team, Inc		105
	9,502	*	TeamLease Services Ltd		573
	565,554		TechnoPro Holdings, Inc		17,008
	119,272		Teleperformance		46,914
	25,628		Tetra Tech, Inc		3,827

38

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	211,025		Thomson Reuters Corp	$	23,333
	37,593		Tinexta S.p.A		1,568
	144,428		Tomra Systems ASA		7,555
	52,206		Toppan Forms Co Ltd		478
	187,317		Toppan Printing Co Ltd		3,176
	213,059		TransUnion		23,929
	388,500		TRG Pakistan		367
	124,335	*	TriNet Group, Inc		11,760
	65,088	*	TrueBlue, Inc		1,763
	17,837		Unifirst Corp		3,793
	300,343	*	Upwork, Inc		13,525
	33,309	*	US Ecology, Inc		1,078
	32,099		UT Group Co Ltd		959
	193,408		Verisk Analytics, Inc		38,734
	7,574	*	Viad Corp		344
	58,079	*,e	Visional, Inc		3,736
	11,721		VSE Corp		565
	319,132		Waste Connections, Inc		40,188
	1,201,952		Waste Management, Inc		179,524
	12,100		WDB Holdings Co Ltd		384
	5,500		Weathernews, Inc		324
	6,406	*	Willdan Group, Inc		228
	269,921		Wolters Kluwer NV		28,611
	8,700		World Holdings Co Ltd		224
	231,000	*,†,e	Youyuan International Holdings Ltd		0	^
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		1,998,708
CONSUMER DURABLES & APPAREL - 2.4%
	812,000	*	361 Degrees International Ltd		392
	31,048	*	Accell Group		1,379
	141,266		Acushnet Holdings Corp		6,597
	379,634		Adidas-Salomon AG.		119,302
	296,662	*	Aditya Birla Fashion and Retail Ltd		981
	149,765		Aksa Akrilik Kimya Sanayii		342
	1,214,928	*	Alok Industries Ltd		386
	179,770	*	Alpargatas S.A.		1,743
	17,021	*	Amber Enterprises India Ltd		741
	73,350	*	American Outdoor Brands, Inc		1,802
	173,327	*,e	AMMO, Inc		1,066
	73,245		AMPACS Corp		180
	671,157	*	AmTRAN Technology Co Ltd		415
	1,195,755		Anta Sports Products Ltd		22,580
	52,769		Arezzo Industria e Comercio S.A.		803
	340,273		Asics Corp		7,781
	120,012	*	Azorim-Investment Development & Construction Co Ltd		512
	46,011	*	Bajaj Electricals Ltd		805
	137,936		Bandai Namco Holdings Inc		10,370
	201,662		Barratt Developments plc		1,783
	10,232		Bassett Furniture Industries, Inc		185
	53,219		Bata India Ltd		1,273
	32,635	*	Beazer Homes USA, Inc		563
	4,783		Beijing Roborock Technology Co Ltd		523
	150,113		Bellway plc		6,621
	76,438	*	Beneteau S.A.		1,130
	22,822		Berkeley Group Holdings plc		1,333

39

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	213,447	e	Bonava AB	$	1,941
	537,000	*,†,e	Boshiwa International Holding Ltd		1
	3,418,472		Bosideng International Holdings Ltd		2,418
	269,989		Bovis Homes Group plc		4,445
	120,887		Breville Group Ltd		2,489
	48,913	e	BRP, Inc (Toronto)		4,528
	42,333	*,e	Brunello Cucinelli S.p.A		2,322
	572,006		Brunswick Corp		54,495
	165,904		Burberry Group plc		4,038
	9,969,888		Cairn Homes plc		13,165
	4,036,969		Cairn Homes plc (London)		5,325
	622,476	*	Callaway Golf Co		17,199
	72,661	*,e	Canada Goose Holdings, Inc		2,595
	644,064	*,e	Capri Holdings Ltd		31,179
	5,060		Carter’s, Inc		492
	122,849	*,e	Casio Computer Co Ltd		2,034
	90,555	*,e	Casper Sleep, Inc		387
	18,629	*	Cavco Industries, Inc		4,410
	35,783	*	CCC S.A.		1,088
	19,594		Century Communities, Inc		1,204
	22,554		Chargeurs S.A.		678
	2,817,400		China Dongxiang Group Co		308
	409,698		China Lilang Ltd		237
	15,900		Chofu Seisakusho Co Ltd		299
	504,357		Chow Sang Sang Holding		752
	733,126		Cie Financiere Richemont S.A.		76,012
	1,506,000	*	Citychamp Watch & Jewellery Group Ltd		267
	56,348		Clarus Corp		1,444
	2,555,301		Coats Group plc		2,321
	27,051	e	Columbia Sportswear Co		2,593
	73,897		Construtora Tenda S.A.		239
	606,349	*,g	Countryside Properties plc		4,105
	60,594		Coway Co Ltd		3,782
	26,742		COWELL FASHION Co Ltd		179
	314,947		Crest Nicholson Holdings plc		1,625
	191,463	*	Crocs, Inc		27,471
	576,416		Crompton Greaves Consumer Electricals Ltd		3,714
	656,375	g	Crystal International Group Ltd		238
	7,255		Cuckoo Electronics Co Ltd		133
	293,117		Cyrela Brazil Realty S.A.		969
	36,511	*	Deckers Outdoor Corp		13,151
	161,661		De’Longhi S.p.A.		5,804
	10,188		Delta-Galil Industries Ltd		507
	38,802	*	Descente Ltd		1,361
	32,026		Dixon Technologies India Ltd		1,977
	378,806		DR Horton, Inc		31,808
	1,791,056	*	Dr. Martens PLC		9,508
	37,463		Duni AB		433
	75,000		Dyaco International, Inc		167
	654,869		Eclat Textile Co Ltd		14,194
	31,300		Ecovacs Robotics Co Ltd		735
	13,010		Electra Consumer Products 1970 Ltd		633
	321,051	e	Electrolux AB (Series B)		7,417
	10,335		Escalade, Inc		195
	36,357	e	ES-Con Japan Ltd		263
	1,504,354		Essilor International S.A.		287,472

40

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	26,784		Ethan Allen Interiors, Inc	$	635
	106,167		Even Construtora e Incorporadora S.A.		150
	112,698		Ez Tec Empreendimentos e Participacoes S.A.		473
	3,398	*	F&F Co Ltd		2,003
	1,113,689		Feng TAY Enterprise Co Ltd		8,559
	24,654	*,†	FF Group		0	^
	49,882		Fila Korea Ltd		1,779
	8,133	e	Flexsteel Industries, Inc		251
	1,320		Forbo Holding AG.		2,607
	761,000		Formosa Taffeta Co Ltd		818
	98,340		Forus S.A.		147
	52,918	*	Fossil Group, Inc		627
	339,999	*,†,e	Fuguiniao Co Ltd		0	^
	10,500		Fujibo Holdings Inc		397
	72,221		Fujitsu General Ltd		1,806
	132,032		Fulgent Sun International Holding Co Ltd		467
	85,568		Fusheng Precision Co Ltd		548
	39,883		Games Workshop Group plc		5,519
	99,573		Garmin Ltd		15,480
	7,408		Garware Technical Fibres Ltd		332
	340,554	*,e	Genius Brands International, Inc		463
	321,856		Giant Manufacturing Co Ltd		3,649
	51,422	*	G-III Apparel Group Ltd		1,455
	313,793		Gildan Activewear, Inc		11,466
	1,649,378	*,g	Glenveagh Properties plc		2,113
	3,460,973	*,g	Glenveagh Properties plc (London)		4,458
	28,047		Goldwin, Inc		1,829
	196,778	*	GoPro, Inc		1,842
	29,377	*	Green Brick Partners, Inc		603
	323,631		Grendene S.A.		550
	604,371	*	GRUPO DE MODA SOMA S.A.		1,881
	118,501		Guangdong Xinbao Electrical Appliances Holdings Co Ltd		336
	634,510		Guararapes Confeccoes S.A.		1,576
	16,318		Gunze Ltd		635
	431,570		Haier Smart Home Co Ltd		1,731
	2,391,201		Haier Smart Home Co Ltd		8,359
	8,432		Hamilton Beach Brands Holding Co		132
	13,974		Handsome Co Ltd		463
	54,163		Hanesbrands, Inc		929
	53,700	*	Hang Zhou Great Star Industrial Co Ltd		228
	54,705		Hangzhou Robam Appliances Co Ltd		285
	18,781		Hansae Co Ltd		363
	10,458		Hanssem Co Ltd		1,050
	16,085	*	Harvia Oyj		854
	145,012		Hasbro, Inc		12,938
	310,372		Haseko Corp		4,144
	50,217	*,e	Hayward Holdings, Inc		1,117
	70,889		Heiwa Corp		1,327
	15,493	*,e	Helen of Troy Ltd		3,481
	26,193		Hermes International		36,139
	5,461	*	Hitachi Home & Life Solutions India Ltd		157
	98,640	*,e	HLB, Inc		4,679
	14,477		Hooker Furniture Corp		391
	466,000	*,†	HOSA International Ltd		1
	5,755	*	Hovnanian Enterprises, Inc		555

41

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	38,292		HS Industries Co Ltd	$	219
	140,277		Hugo Boss AG.		8,403
	21,200		Huizhou Desay Sv Automotive Co Ltd		276
	656,847		Husqvarna AB (B Shares)		7,847
	18,310		Hwaseung Enterprise Co Ltd		260
	2,555		Hyosung TNC Co Ltd		1,372
	92,462		IG Design Group plc		604
	85,150		Iida Group Holdings Co Ltd		2,190
	31,516		Installed Building Products, Inc		3,377
	12,533	*	iRobot Corp		984
	64,610		Japan Wool Textile Co Ltd		586
	31,719		Jason Furniture Hangzhou Co Ltd		293
	65,262		JM AB		2,307
	154,994		JNBY Design Ltd		270
	98,000	*	Johnson Health Tech Co Ltd		231
	3,292		Johnson Outdoors, Inc		348
	107,357		Joyoung Co Ltd		361
	16,335		Kaufman & Broad S.A.		680
	85,866	e	KB Home		3,342
	1,063,244		Kinpo Electronics		505
	457,956		KMC Kuei Meng International In		3,337
	499,100		Konka Group Co Ltd		165
	99,008		Kontoor Brands, Inc		4,945
	85,040		KPR Mill Ltd		486
	17,838	*	Landsea Homes Corp		155
	9,654	*,e	Latham Group, Inc		158
	53,792		La-Z-Boy, Inc		1,734
	500,776	*	Lealea Enterprise Co Ltd		225
	61,300	e	LEC, Inc		594
	10,412	*	Legacy Housing Corp		187
	157,697		Leggett & Platt, Inc		7,071
	308,018		Lennar Corp (Class A)		28,855
	17,869		Lennar Corp (Class B)		1,386
	757,113		Levi Strauss & Co		18,557
	17,212		LF Corp		258
	70,422		LG Electronics, Inc		7,486
	8,106	*	LGI Homes, Inc		1,150
	2,478,621		Li Ning Co Ltd		28,568
	17,880		Lifetime Brands, Inc		325
	99,097	*	Lock & Lock Co Ltd		952
	4,861	*	Lovesac Co		321
	1,225		LPP S.A.		4,558
	187,073	*	Lululemon Athletica, Inc		75,708
	319,564		LVMH Moet Hennessy Louis Vuitton S.A.		228,892
	33,090	*	M/I Homes, Inc		1,913
	215,224		Makalot Industrial Co Ltd		1,895
	7,772	*	Malibu Boats, Inc		544
	2,862,584		Man Wah Holdings Ltd		4,186
	6,442	*,†	Mariella Burani S.p.A.		0
	10,077		Marine Products Corp		126
	6,346	*	MasterCraft Boat Holdings, Inc		159
	1,337,573	*	Mattel, Inc		24,825
	37,824	g	Mavi Giyim Sanayi Ve Ticaret AS.		274
	112,696		Maytronics Ltd		2,654
	54,647		MDC Holdings, Inc		2,553
	207,000		Merida Industry Co Ltd		2,164

42

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	101,891	*	Meritage Homes Corp	$	9,883
	246,100		Midea Group Co Ltd		2,646
	156,247		MIPS AB		15,669
	50,700		Mizuno Corp		1,206
	66,377	*	Mohawk Industries, Inc		11,775
	1,016,736		Moncler S.p.A		62,011
	17,333		Movado Group, Inc		546
	313,014		MRV Engenharia e Participacoes S.A.		706
	22,781	*,e	Nacon S.A.		124
	46,000		Nan Liu Enterprise Co Ltd		180
	123,840	*,e	Nautilus, Inc		1,153
	89,567	*	NavInfo Co Ltd		152
	57,779	g	Neinor Homes S.A.		771
	45,774		New Wave Group AB (B Shares)		682
	4,083,150		Newell Brands Inc		90,401
	164,448		Nien Made Enterprise Co Ltd		2,326
	2,425,010		Nike, Inc (Class B)		352,184
	652,700		Nikon Corp		7,247
	230,222		Nobia AB		1,517
	15,479	*	NVR, Inc		74,208
	102,403	*	On Holding AG.		3,085
	1,296,931		Onward Kashiyama Co Ltd		4,196
	91,902		Open House Co Ltd		5,407
	31,832		Oppein Home Group, Inc		640
	125,049		Orient Electric Ltd		557
	17,817		Oxford Industries, Inc		1,607
	1,060,778		Pacific Textile Holdings Ltd		534
	6,167		Page Industries Ltd		2,627
	1,127,456		Paiho Shih Holdings Corp		1,491
	1,536,268		Panasonic Corp		19,043
	21,225		Pandora AS		2,577
	402,000	*,†	Peace Mark Holdings Ltd		0
	753,285	*	Peloton Interactive, Inc		65,573
	141,922		Persimmon plc		5,076
	20,656		PIK Group (GDR)		399
	10,199	*,e	PLBY Group, Inc		240
	66,748	e	Polaris Inc		7,987
	2,672,006		Pou Chen Corp		3,219
	6,467,298		Prada S.p.A		35,318
	38,123	e	Pressance Corp		626
	400,625		Pulte Homes, Inc		18,397
	69,356		Puma AG. Rudolf Dassler Sport		7,710
	164,892	*	Purple Innovation, Inc		3,466
	26,574	*	PVH Corp		2,732
	416,000	e	Q Technology Group Co Ltd		597
	54,000		Quang Viet Enterprise Co Ltd		224
	102,561		Rajesh Exports Ltd		809
	6,556		Ralph Lauren Corp		728
	337,413		Redrow plc		3,030
	51,331		Relaxo Footwears Ltd		785
	51,082		Rinnai Corp		5,608
	8,353		Rocky Brands, Inc		398
	14,800	*	Roland Corp		678
	363,000	*	Roo Hsing Co Ltd		104
	524,000		Ruentex Industries Ltd		2,387
	59,377	*,e	Salvatore Ferragamo Italia S.p.A		1,211

43

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	1,177,200	*,g	Samsonite International	$	2,528
	50,824		Sangetsu Co Ltd		690
	163,000		Sankyo Co Ltd		4,052
	13,806		Sanlorenzo S.p.A		502
	44,947		SEB S.A.		6,323
	281,700		Sega Sammy Holdings, Inc		3,990
	27,900		Seiko Holdings Corp		562
	51,293		Seiren Co Ltd		965
	218,862		Sekisui Chemical Co Ltd		3,761
	436,745		Sekisui House Ltd		9,146
	140,193		Sharp Corp		1,767
	216,945	*	Shenzhen MTC Co Ltd		165
	914,638		Shenzhou International Group Holdings Ltd		19,412
	88,045		Shimano, Inc		25,726
	14,619	*	Skechers U.S.A., Inc (Class A)		616
	233,811	*	Skyline Champion Corp		14,043
	3,075,900	*	Skyworth Digital Holdings Ltd		925
	131,928		Smith & Wesson Brands, Inc		2,739
	9,376	*,e	Snap One Holdings Corp		156
	16,000	*,e	Snow Peak, Inc		698
	415,067	*	Sonos, Inc		13,432
	2,535,717	n	Sony Corp		281,512
	503,462	*,g	Spin Master Corp		16,341
	4,001,459	*,e	Steinhoff International Holdings NV		795
	692,000		Stella International Holdings Ltd		881
	493,801		Steven Madden Ltd		19,831
	28,603		Sturm Ruger & Co, Inc		2,110
	156,797		Sumitomo Forestry Co Ltd		2,978
	44,333		Suofeiya Home Collection Co Ltd		114
	11,759		Superior Uniform Group, Inc		274
	15,524		Swatch Group AG.		4,050
	2,182		Swatch Group AG. (Registered)		112
	17,982		Symphony Ltd		259
	1,012,602		Tainan Spinning Co Ltd		940
	252,600		Taiwan Paiho Ltd		732
	20,500		Tama Home Co Ltd		497
	56,500		Tamron Co Ltd		1,340
	106,464		Tapestry, Inc		3,941
	220,778	*,e	Taylor Morrison Home Corp		5,692
	3,632,987		Taylor Wimpey plc		7,577
	819,973		TCL Multimedia Technology Holdings Ltd		407
	960,845		TCL Technology Group Corp		926
	156,509	g	Technogym S.p.A		1,748
	736,538		Tempur Sealy International, Inc		34,183
	384,500		Texhong Textile Group Ltd		554
	171,165	e,g	Thule Group AB		8,582
	397,776		Titan Industries Ltd		11,545
	11,163	*	Tod’s S.p.A.		591
	7,690		Token Corp		680
	132,571		Toll Brothers, Inc		7,330
	70,046	*,e	TomTom NV		555
	101,301		Tomy Co Ltd		1,033
	44,063	*	TopBuild Corp		9,025
	62,000		Topkey Corp		309
	515,605	*	Traeger, Inc		10,792
	128,809	*	TRI Pointe Homes, Inc		2,708

44

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	97,253		Trisul S.A.	$	130
	3,266		TTK Prestige Ltd		390
	57,780	*,e	Tupperware Brands Corp		1,220
	177,403	*	Under Armour, Inc (Class A)		3,580
	2,006,589	*,e	Under Armour, Inc (Class C)		35,155
	16,809	*	Unifi, Inc		369
	15,175	*	Universal Electronics, Inc		747
	27,443	*,e	Universal Entertainment Corp		617
	48,765		Vaibhav Global Ltd		458
	4,921		VAN DE Velde		177
	22,487		Vardhman Textiles Ltd		559
	27,873	*	Vera Bradley, Inc		262
	84,352		Vestel Elektronik Sanayi		249
	306,000	e	Vesync Co Ltd		432
	305,073		VF Corp		20,437
	81,996	*	Victoria plc		1,021
	61,339	*	VIP Industries Ltd		418
	99,279	*	Vista Outdoor, Inc		4,002
	93,996		Vivara Participacoes S.A.		510
	19,380	*	VOXX International Corp (Class A)		222
	37,528	*,e	Vuzix Corp		393
	4,139	*	V-ZUG Holding AG.		579
	139,013		Wacoal Holdings Corp		2,946
	14,304	*,e	Weber, Inc		252
	403,680		Welspun India Ltd		920
	674,723		Whirlpool Corp		137,549
	8,844		Winix, Inc		141
	204,986		Wolverine World Wide, Inc		6,117
	51,566		Xiamen Intretech, Inc		269
	1,292,383	e	XTEP International Holdings		1,815
	81,704		Yamaha Corp		5,139
	345,543	*	YETI Holdings, Inc		29,610
	21,800		Yondoshi Holdings, Inc		357
	58,100		Yonex Co Ltd		403
	21,903		Youngone Corp		809
	5,979		Youngone Holdings Co Ltd		237
	1,017,000	*	Yue Yuen Industrial Holdings		2,061
	152,712		Zhejiang Semir Garment Co Ltd		180
	28,313		Zhejiang Supor Co Ltd		204
	9,334		Zinus, Inc		579
	36,700		Zojirushi Corp		587
			TOTAL CONSUMER DURABLES & APPAREL		3,156,629
CONSUMER SERVICES - 2.5%
	80,200	*	17 Education & Technology Group, Inc (ADR)		72
	210,057	*,e	2U, Inc		7,052
	1,050,241		888 Holdings plc		6,085
	210,059	e,g	AcadeMedia AB		1,437
	55,289	*,e	Accel Entertainment, Inc		671
	304,099	*	Accor S.A.		10,843
	58,592	*	Adtalem Global Education, Inc		2,215
	135,531	*,e	Afya Ltd		2,675
	92,754	*	Airbnb, Inc		15,559
	200,000	*,e	Airtrip Corp		7,852
	2,199,638	*,e	Alsea SAB de C.V.		4,434
	21,421	*	American Public Education, Inc		549

45

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	75,678	*	AmRest Holdings SE	$	577
	292,149	*	Anima Holding S.A.		480
	267,226		ARAMARK Holdings Corp		8,781
	17,060	e	ARCLAND SERVICE Co Ltd		365
	94,317	*,e	Arco Platform Ltd		2,047
	8,790,855	a,e	Arcos Dorados Holdings, Inc		45,009
	577,122		Aristocrat Leisure Ltd		19,193
	5,283,868	*	Asset World Corp PCL		722
	148,400	e	Atom Corp		1,046
	231,643	*,e	Autogrill S.p.A.		1,877
	161,587	*	Bally’s Corp		8,102
	60,995	*,e,g	Basic-Fit NV		2,798
	78,000		Benesse Holdings, Inc		1,764
	797,161		Berjaya Sports Toto BHD		390
	577,824	*	Betmakers Technology Group Ltd		436
	286,749		Betsson AB		2,385
	951	*	Biglari Holdings, Inc (B Shares)		163
	41,800	*,e	BIT Mining Ltd (ADR)		341
	9,961	*	BJ’s Restaurants, Inc		416
	211,290	*	BK Brasil Operacao e Assessoria a Restaurantes S.A.		319
	3,753,900	*	Bloomberry Resorts Corp		437
	174,385	*	Bloomin’ Brands, Inc		4,360
	37,707	*	Bluegreen Vacations Holding Corp		973
	112,182	*	Booking Holdings, Inc		266,305
	172,385	*	Boyd Gaming Corp		10,905
	72,066	*	Bright Horizons Family Solutions		10,047
	30,347	*	Brinker International, Inc		1,489
	163,256	*	Burger King India Ltd		356
	597,000	*,e	CA Cultural Technology Group Ltd		209
	1,015,159	*	Caesars Entertainment, Inc		113,982
	496,000		Cafe de Coral Holdings Ltd		908
	254,636		Cairo Investment & Real Estate Development Co SAE		197
	2,334,980	*	Carnival Corp		58,398
	357,074	*	Carnival plc		8,080
	16,852		Carriage Services, Inc		751
	45,273		Carrols Restaurant Group, Inc		166
	306,368	*	Central Plaza Hotel PCL		309
	8,571	*	Century Casinos, Inc		115
	100,375	*	Cheesecake Factory		4,718
	166,717	*	Chegg, Inc		11,340
	597,860	g	China East Education Holdings Ltd		617
	872,303		China Education Group Holdings Ltd		1,505
	418,000	e	China Kepei Education Group Ltd		222
	1,332,000	*,e	China Maple Leaf Educational Systems Ltd		238
	841,000	e,g	China New Higher Education Group Ltd		390
	7,500	*,e	China Online Education Group (ADR)		20
	2,216,000	*	China Travel International Inv HK		326
	428,000	g	China Xinhua Education Group Ltd		87
	1,678,656	g	China Yuhua Education Corp Ltd		815
	82,185	*,n	Chipotle Mexican Grill, Inc (Class A)		149,373
	40,759		Choice Hotels International, Inc		5,151
	98,845		Churchill Downs, Inc		23,731
	14,330	*	Chuy’s Holdings, Inc		452
	21,520	*	Cie des Alpes		369
	1,812,800	*	Cogna Educacao		902
	143,696		Collins Foods Ltd		1,249

46

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	88,800	e	Colowide Co Ltd	$	1,401
	1,911,107	*	Compass Group plc		39,084
	132,489	*,e	Corporate Travel Management Ltd		2,311
	67,154	*,e	Coursera, Inc		2,125
	14,467	e	Cracker Barrel Old Country Store, Inc		2,023
	107,000	*,e	Create Restaurants Holdings, Inc		951
	360,555	*	Crown Resorts Ltd		2,468
	109,800		Cruzeiro do Sul Educacional S.A.		151
	59,200		Curves Holdings Co Ltd		492
	223,056	*	CVC Brasil Operadora e Agencia de Viagens S.A.		881
	195,429		Dadi Early-Childhood Education Group Ltd		1,071
	252,196	*	Dalata Hotel Group plc		1,198
	577,912		Darden Restaurants, Inc		87,536
	34,817	*	Dave & Buster’s Entertainment, Inc		1,335
	42,103	e	Del Taco Restaurants, Inc		368
	36,144	*	Denny’s Corp		591
	253,215	*,e	Despegar.com Corp		3,046
	21,380	*,†,e	Diamond Resorts International, Inc		0
	5,880	*	Dine Brands Global Inc.		477
	60,894		Domino’s Pizza Enterprises Ltd		6,965
	515,371		Domino’s Pizza Group plc		2,751
	3,553		Domino’s Pizza, Inc		1,695
	41,726		DoubleUGames Co Ltd		2,201
	32,318		Doutor Nichires Holdings Co Ltd		511
	340,348	*	DraftKings, Inc		16,391
	879,629	*,e	Drive Shack, Inc		2,472
	24,482	*	Duolingo, Inc		4,073
	45,075	*	Dur Hospitality Co		386
	369,000	e	EC Healthcare		495
	68,952	*	eDreams ODIGEO S.A.		603
	4,600	*,e	Edulab, Inc		95
	316,000		Edvantage Group Holdings Ltd		193
	168,894	*	EIH Ltd		293
	22,118	*	El Pollo Loco Holdings, Inc		374
	144,992	*,g	Elior Participations S.C.A		1,152
	58,561	*	Emerson Pacific, Inc		648
	811,785	*	Entain PLC		23,186
	3,387	*,e	Esports Technologies, Inc		114
	127,508	*	European Wax Center, Inc		3,571
	390,559	*	Everi Holdings, Inc		9,444
	236,627	g	Evolution Gaming Group AB		35,835
	425,418	*	Expedia Group, Inc		69,726
	13,107	*	F45 Training Holdings, Inc		196
	17,775	*	Fattal Holdings 1998 Ltd		1,596
	23,550	*	Fiesta Restaurant Group, Inc		258
	193,638	*,e	Flight Centre Travel Group Ltd		2,953
	436,718	*	Flutter Entertainment plc		85,901
	167,542	*	Flutter Entertainment plc		33,229
	57,990		Formosa International Hotels Corp		304
	334,200	*,e,g	Fosun Tourism Group		432
	146,096	*	frontdoor, Inc		6,121
	1,179,000		Fu Shou Yuan International Group Ltd		981
	26,999	e	Fuji Kyuko Co Ltd		1,158
	18,000		Fujio Food System Co Ltd		226
	77,139	*,e	Full House Resorts, Inc		818
	943,826	*	G8 Education Ltd		710

47

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	8,288,846	*	Galaxy Entertainment Group Ltd	$	42,530
	95,706		Gamesys Group PLC		2,386
	43,431	*	GAN Ltd		646
	2,382,697		Genting BHD		2,868
	5,725,081		Genting Malaysia BHD		4,090
	6,004,870		Genting Singapore Ltd		3,166
	12,849	*	Golden Entertainment, Inc		631
	14,741	*,e	Golden Nugget Online Gaming, Inc		256
	87,739		Gourmet Master Co Ltd		457
	4,726		Graham Holdings Co		2,784
	52,037	*	Grand Canyon Education, Inc		4,577
	31,629	*	Grand Korea Leisure Co Ltd		432
	17,128	*,e	GreenTree Hospitality Group Ltd		140
	123,673		Greggs plc		4,876
	159,566	*,e	GSX Techedu, Inc (ADR)		490
	361,127		H&R Block, Inc		9,028
	1,191,776	e,g	Haidilao International Holding Ltd		4,565
	72,252	*,e	Hall of Fame Resort & Entertainment Co		191
	9,092	*	Hana Tour Service, Inc		671
	22,706		Herfy Food Services Co		383
	26,437	e	Hiday Hidaka Corp		418
	130,979	*	Hilton Grand Vacations, Inc		6,231
	863,270	*	Hilton Worldwide Holdings, Inc		114,047
	48,328	*,e	HIS Co Ltd		1,273
	327,000	*	Hongkong & Shanghai Hotels		305
	2,654,000	g	Hope Education Group Co Ltd		396
	291,008	*	Houghton Mifflin Harcourt Co		3,908
	217,975	*	Huangshan Tourism Development Co Ltd		153
	197,751	*,e	Huazhu Group Ltd (ADR)		9,069
	91,068		Humansoft Holding Co KSC		998
	48,878	*	Hyatt Hotels Corp		3,768
	15,500	e	Ichibanya Co Ltd		633
	1,737,990		IDP Education Ltd		42,082
	655,503		Indian Hotels Co Ltd		1,590
	183,928	*	InterContinental Hotels Group plc		11,744
	587,706	*,e	International Game Technology plc		15,468
	175,344	e	Invocare Ltd		1,473
	24,252		Jack in the Box, Inc		2,360
	446,000		JH Educational Technology, Inc		107
	856,000	e,g	Jiumaojiu International Holdings Ltd		2,578
	1,495,573		Jollibee Foods Corp		6,010
	89,219		Jubilant Foodworks Ltd		4,845
	451,181	e	Jumbo Interactive Ltd		5,176
	125,674	*	Kambi Group plc		2,995
	107,523	*	Kangwon Land, Inc		2,583
	28,170	*,e	Kappa Create Co Ltd		351
	20,800		Kentucky Fried Chicken Japan Ltd		551
	298,906		Kindred Group plc (ADR)		4,482
	30,200	e	Kisoji Co Ltd		655
	57,700		KOMEDA Holdings Co Ltd		1,145
	294,500	*,e,g	Koolearn Technology Holding Ltd		160
	47,594	e	Koshidaka Holdings Co Ltd		289
	14,357	*,e	Krispy Kreme, Inc		201
	55,604		Kura Corp		2,004
	1,553	*,e	Kura Sushi USA, Inc		68
	36,283	e	Kyoritsu Maintenance Co Ltd		1,412

48

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	95,351	g	La Francaise des Jeux SAEM	$	4,903
	1,317,414	*	Las Vegas Sands Corp		48,217
	121,810	*	Laureate Education, Inc		2,070
	21,320		Leejam Sports Co JSC		595
	467,628	e,g	LeoVegas AB		1,819
	13,236	*,e	Lindblad Expeditions Holdings, Inc		193
	25,000		LITALICO, Inc		780
	35,271	*	Lotte Tour Development Co Ltd		620
	157,000		Lung Yen Life Service Corp		257
	1,272,000	*	Macau Legend Development Ltd		144
	680,407		Magnum BHD		332
	102,753	*	MakeMyTrip Ltd		2,794
	328,614	*	Marriott International, Inc (Class A)		48,664
	48,333		Marriott Vacations Worldwide Corp		7,604
	849,519	*	Marston’s plc		927
	9,800		Matsuya Foods Co Ltd		324
	2,339,629		McDonald’s Corp		564,108
	52,199		McDonald’s Holdings Co Japan Ltd		2,463
	7,736		MegaStudyEdu Co Ltd		471
	3,998,960	*	Melco Crown Entertainment Ltd (ADR)		40,949
	5,694,817	*	Melco International Development		6,708
	134,585	*	Melia Hotels International S.A.		999
	1,034,400	*,e	MGM China Holdings Ltd		644
	453,309		MGM Resorts International		19,560
	2,891,800	*	Minor International PCL (Foreign)		2,680
	868,000	g	Minsheng Education Group Co Ltd		126
	45,911	*	Mister Car Wash, Inc		838
	348,863	*	Mitchells & Butlers plc		1,113
	273,000		MK Restaurants Group PCL		432
	6,471	*	Monarch Casino & Resort, Inc		433
	12,134	e	Monogatari Corp		850
	30,400	e	MOS Food Services, Inc		890
	130,200		MPM Corporeos S.A.		358
	24,163		MTY Food Group, Inc		1,220
	2,623		Nathan’s Famous, Inc		160
	45,699	*	NEOGAMES S.A.		1,678
	1,750,669	*	New Oriental Education & Technology Group (ADR)		3,589
	450,705	*	Noodles & Co		5,318
	432,628	*,e	Norwegian Cruise Line Holdings Ltd		11,555
	243,619	*	Offcn Education Technology Co Ltd		409
	16,400		Ohsho Food Service Corp		897
	181,917	*,g	On the Beach Group plc		933
	11,310	*,e	ONE Group Hospitality, Inc		121
	77,711	*,e	OneSmart International Education Group Ltd (ADR)		38
	39,507	*,e	OneSpaWorld Holdings Ltd		394
	214,334		OPAP S.A.		3,316
	12,184	*,e	Open Door, Inc		313
	205,598		Oriental Land Co Ltd		33,261
	113,061	*	Pandox AB		1,793
	142,577		Papa John’s International, Inc		18,106
	46,037	*	Paradise Co Ltd		679
	287,636	e	Park Lawn Corp		8,293
	38,470	*,†	Patisserie Holdings plc		0	^
	228,042	*	Penn National Gaming, Inc		16,524
	140,737	*	Perdoceo Education Corp		1,486
	364,000		Perfect Shape Medical Ltd		276

49

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	99,216	*	Planet Fitness, Inc	$	7,793
	207,429	*	PlayAGS, Inc		1,635
	600,305	*	Playtech Ltd		3,795
	30,805		Plenus Co Ltd		602
	1,832,124	*	PointsBet Holdings Ltd		13,113
	34,617		Power Wind Health Industry, Inc		173
	42,503	*	PowerSchool Holdings, Inc		1,046
	306,996	*	Rank Group plc		711
	3,085		RCI Hospitality Holdings, Inc		211
	20,481	*	Recipe Unlimited Corp		315
	6,237	*	Red Robin Gourmet Burgers, Inc		144
	277,787	*	Red Rock Resorts, Inc		14,228
	21,347	*,e	Regis Corp		74
	96,200		Resorttrust, Inc		1,888
	313,941		Restaurant Brands International, Inc (Toronto)		19,234
	36,951	*	Restaurant Brands New Zealand Ltd		403
	974,126	*	Restaurant Group plc		1,352
	28,600	e	Ringer Hut Co Ltd		638
	120,000		Riso Kyoiku Co Ltd		473
	28,825		Rock Field Co Ltd		445
	68,461		Round One Corp		956
	292,464	*	Royal Caribbean Cruises Ltd		26,015
	37,000	*	Royal Holdings Co Ltd		746
	21,334	*	Rush Street Interactive, Inc		410
	11,741	*	Ruth’s Hospitality Group Inc		243
	30,300	e	Saizeriya Co Ltd		789
	4,948,692	*	Sands China Ltd		10,127
	198,322	e,g	Scandic Hotels Group AB		803
	229,000		Scholar Education Group		44
	149,889	*	Scientific Games Corp (Class A)		12,451
	182,294		SeaLink Travel Group Ltd		1,166
	133,028	*	SeaWorld Entertainment, Inc		7,359
	144,990	*	Seera Group Holding		845
	27,078		Seobu Truck Terminal Co Ltd		204
	189,512		Service Corp International		11,420
	14,548	*	Shake Shack, Inc		1,141
	67,939		Shanghai Jinjiang International Hotels Development Co Ltd		477
	1,168,000		Shanghai Jinjiang International Hotels Group Co Ltd		234
	1,166,000	*	Shangri-La Asia Ltd		926
	570,972		Shenzhen Overseas Chinese Town Co Ltd		658
	84,021	*	Six Flags Entertainment Corp		3,571
	6,255,611	*,e	SJM Holdings Ltd		4,252
	51,934	*	SkiStar AB		1,075
	909,400		Sky City Entertainment Group Ltd		2,009
	272,882	*	Skylark Co Ltd		4,007
	87,984	*	Sodexho Alliance S.A.		7,689
	199,014		Songcheng Performance Development Co Ltd		432
	902,214	*	SSP Group plc		3,338
	1,045,527	*	Star Entertainment Grp Ltd		3,321
	2,293,757	n	Starbucks Corp		253,024
	52,266	*,e	StoneMor, Inc		129
	28,420		Strategic Education, Inc		2,004
	46,013	*	Stride, Inc		1,654
	22,828,000	*,e	Summit Ascent Holdings Ltd		1,554
	1,880,000	*,e	Suncity Group Holdings Ltd		72

50

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	134,193		Sushiro Global Holdings Ltd	$	6,171
	2,958,146		Tabcorp Holdings Ltd		10,278
	465,368	*	TAL Education Group (ADR)		2,252
	15,168	*,e	Target Hospitality Corp		57
	146,144	*	Terminix Global Holdings, Inc		6,090
	220,298		Texas Roadhouse, Inc (Class A)		20,120
	1,189,000		Tianli Education International Holdings Ltd		261
	19,885		Tokyotokeiba Co Ltd		779
	2,636,020	*	Tongcheng-Elong Holdings Ltd		6,365
	51,659		Toridoll.corp		1,301
	21,684		Tosho Co Ltd		375
	594,465	*,g	Trainline plc		2,815
	119,735		Travel & Leisure Co		6,529
	340,601	*	Trip.com Group Ltd (ADR)		10,473
	933,534	*,e	TUI AG. (DI)		4,034
	48,873	*	Vail Resorts, Inc		16,326
	85,304	*,e	Vivint Smart Home, Inc		806
	450,309	*,e	Webjet Ltd		2,026
	367,417	e	Wendy’s		7,966
	41,279	*	Westlife Development Ltd		314
	116,636	*	Wetherspoon (J.D.) plc		1,639
	203,748	*	Whitbread plc		9,059
	52,367		Wingstop, Inc		8,585
	712,000	e	Wisdom Education International Holdings Co Ltd		135
	118,763	*	WW International Inc		2,167
	439,432		Wyndham Hotels & Resorts, Inc		33,920
	35,525,873	*,e	Wynn Macau Ltd		29,895
	540,810	*	Wynn Resorts Ltd		45,834
	435,500	g	Xiabuxiabu Catering Management China Holdings Co Ltd		428
	2,412	*	Xponential Fitness, Inc		31
	1,333,261		YDUQS Part		5,817
	77,919	*	Yoshinoya D&C Co Ltd		1,574
	26,949	*	Young & Co’s Brewery plc		559
	1,021,093		Yum China Holdings, Inc		59,336
	1,142,968		Yum! Brands, Inc		139,796
	17,113		Zeal Network SE		810
	113,322	e	Zensho Co Ltd		2,811
			TOTAL CONSUMER SERVICES		3,393,784
DIVERSIFIED FINANCIALS - 4.9%
	98,400	*	360 Finance, Inc (ADR)		2,000
	194,020		3i Group plc		3,333
	23,586		ABC Arbitrage		191
	28,787		Ackermans & Van Haaren		4,960
	636,770	e	Acom Co Ltd		2,327
	460,025	*	Aditya Birla Capital Ltd		694
	103,011		Aeon Credit Service M BHD		304
	129,900		AEON Financial Service Co Ltd		1,645
	75,000		Aeon Thana Sinsap Thailand PCL		401
	8,954		AFC Gamma, Inc		193
	48,288		Affiliated Managers Group, Inc		7,296
	2,842,249		AGNC Investment Corp		44,822
	745,400		Aiful Corp		2,498
	660,495		AJ Bell plc		3,551
	40,043		Aju IB Investment Co Ltd		162

51

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	32,293		Aker ASA (A Shares)	$	2,539
	18,158		Alerus Financial Corp		543
	469,139		Alexander Forbes Group Holdings Ltd		129
	693,372	*	Alimtiaz Investment Group KSC		313
	1,233,793	*	Allfunds Group PLC		23,981
	399,987		Ally Financial, Inc		20,419
	32,935		Alpha FX Group plc		885
	4,397,338	*,h	Altimeter Growth Corp		38,037
	61,671		Altshuler Shaham Provident Funds & Pension Ltd		337
	1,058,125	*	Amanat Holdings PJSC		311
	10,336		A-Mark Precious Metals, Inc		620
	998,151		American Express Co		167,220
	136,322		Ameriprise Financial, Inc		36,005
	4,299,552	*	AMP Ltd		3,032
	45,498	g	Amundi S.A.		3,827
	7,682	e	Angel Oak Mortgage, Inc		130
	312,394	g	Anima Holding S.p.A		1,489
	3,785,641		Annaly Capital Management, Inc		31,875
	166,926		Apollo Commercial Real Estate Finance, Inc		2,476
	203,301	e	Apollo Global Management, Inc		12,521
	155,260	e	Arbor Realty Trust, Inc		2,877
	47,143		Ares Commercial Real Estate Corp		711
	160,651		Ares Management Corp		11,861
	86,760	e	ARMOUR Residential REIT, Inc		935
	189,401	*	Arrow Global Group plc		783
	156,823		Artisan Partners Asset Management, Inc		7,672
	564,883		Ashmore Group plc		2,584
	145,198	*	Assetmark Financial Holdings, Inc		3,611
	2,412		Associated Capital Group, Inc		90
	2,458	*,e	Atlanticus Holdings Corp		130
	34,654		Aurelius AG.		1,060
	106,784		Australian Ethical Investment Ltd		847
	164,579		Australian Stock Exchange Ltd		9,502
	150,986		Avanza Bank Holding AB		5,320
	121,314		Avic Capital Co Ltd		72
	2,215	*,†	Ayala Corp Preferred		0
	130,866		Azimut Holding S.p.A.		3,585
	23,609		B. Riley Financial, Inc		1,394
	3,976,729		B3 SA-Brasil Bolsa Balcao		9,303
	295,372		Bajaj Finance Ltd		30,393
	25,781		Bajaj Finserv Ltd		6,163
	201,592	g	Banca Farmafactoring S.p.A		1,954
	556,339	*	Banca Generali S.p.A		24,315
	35,347		Banca IFIS S.p.A.		681
	260,989		Banca Mediolanum S.p.A		2,810
	142,300		Banco BTG Pactual S.A.		396
	813,668		Banco BTG Pactual S.A.		879
	4,740,604		Banco BTG Pactual S.A. - Unit		21,902
	37,155		Banco Latinoamericano de Exportaciones S.A. (Class E)		652
	787,152		Bangkok Commercial Asset Management PCL		426
	3,449,057		Bank of New York Mellon Corp		178,799
	181,000	*,e	BC Technology Group Ltd		285
	2,573,448	*	Berkshire Hathaway, Inc (Class B)		702,397
	644,995		BGC Partners, Inc (Class A)		3,360
	255,073		BlackRock, Inc		213,920

52

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	1,057,559		Blackstone Group, Inc	$	123,036
	174,935		Blackstone Mortgage Trust, Inc		5,304
	123,687	*	Blucora, Inc		1,928
	105,600		BOC International China Co Ltd		244
	1,335,012	e	BOCOM International Holdings Co Ltd		309
	513,654	e	Bolsa Mexicana de Valores S.A. de C.V.		988
	100,067		Boursa Kuwait Securities Co KPSC		612
	689,881		Brewin Dolphin Holdings plc		3,560
	709,083	*	Bridgepoint Group Ltd		4,815
	218,039		Brightsphere Investment Group, Inc		5,697
	97,957		BrightSpire Capital, Inc		920
	149,172		Broadmark Realty Capital, Inc		1,471
	1,480,253		Brookfield Asset Management, Inc		79,318
	250,100		Brookfield Asset Management, Inc (New York)		13,383
	75,263		Bure Equity AB		3,111
	1,294,746		Burford Capital Ltd		14,131
	805,400		Bursa Malaysia BHD		1,421
	168,202		Caitong Securities Co Ltd		280
	186,110		Canaccord Financial, Inc		2,047
	305,097	*	Cannae Holdings, Inc		9,492
	1,064,386		Capital One Financial Corp		172,399
	1,497,990		Capital Securities Corp		811
	113,724		Capstead Mortgage Corp		761
	279,879		Carlyle Group, Inc		13,233
	159,386		CBOE Global Markets, Inc		19,742
	34,622	e	Cembra Money Bank AG.		2,325
	304,704		Central Depository Services India Ltd		5,279
	54,709		Cerved Information Solutions S.p.A		646
	1,423,554		Chailease Holding Co Ltd		12,502
	704,521		Challenger Financial Services Group Ltd		3,135
	157,964		Changjiang Securities Co Ltd		186
	4,244,181		Charles Schwab Corp		309,146
	278,965		Chimera Investment Corp		4,143
	660,000		China Bills Finance Corp		384
	6,721,574		China Cinda Asset Management Co Ltd		1,135
	689,444		China Everbright Ltd		810
	2,304,959		China Galaxy Securities Co Ltd		1,337
	273,450		China Galaxy Securities Co Ltd (Class A)		442
	104,900		China Great Wall Securities Co Ltd		191
	4,136,279	*,†,g	China Huarong Asset Management Co Ltd		271
	957,737	g	China International Capital Corp Ltd		2,504
	60,900		China International Capital Corp Ltd		539
	300,836		China Merchants Securities Co Ltd		848
	235,600	g	China Renaissance Holdings Ltd		579
	80,095		Cholamandalam Financial Holdings Ltd		741
	456,687		Cholamandalam Investment and Finance Co Ltd		3,448
	316,541		CI Financial Corp		6,425
	1,535,405		CITIC Securities Co Ltd		3,892
	419,275		CITIC Securities Co Ltd (Class A)		1,633
	19,055,077	e	CMBC Capital Holdings Ltd		239
	322,163	g	CMC Markets plc		1,233
	523,262		CME Group, Inc		101,188
	126,407		Coface S.A.		1,583
	67,848		Cohen & Steers, Inc		5,684
	24,054	*	Coinbase Global, Inc		5,472
	225,618		Coronation Fund Managers Ltd		751

53

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	33,711		Corp Financiera Alba	$	1,844
	99,323	*	Corp Financiera Colombiana S.A.		751
	30,965		Cowen Group, Inc		1,062
	68,464	e	Creades AB		803
	10,425	*,e	Credit Acceptance Corp		6,102
	82,438		Credit Corp Group Ltd		1,778
	184,100		Credit Saison Co Ltd		2,414
	719,882		Credit Suisse Group		7,110
	39,389	*	CreditAccess Grameen Ltd		336
	14,882		CRISIL Ltd		543
	173,425		CSC Financial Co Ltd		825
	1,156,000		CSSC Hong Kong Shipping Co Ltd		181
	8,993		Curo Group Holdings Corp		156
	90,738		Daishin Securities Co Ltd		1,569
	20,366		Daishin Securities Co Ltd PF		317
	1,445,593		Daiwa Securities Group, Inc		8,426
	16,378		Daou Data Corp		182
	22,805		Daou Technology, Inc		467
	414,394	*	Deutsche Bank AG. (Registered)		5,266
	23,173		Deutsche Beteiligungs AG.		958
	91,497		Deutsche Boerse AG.		14,847
	290,815	*	Dhani Services Ltd		713
	3,644		Diamond Hill Investment Group, Inc		640
	8,141,600		Differ Group Holding Co Ltd		1,893
	1,386,078		Discover Financial Services		170,280
	71,806	g	doBank S.p.A		829
	125,025		Dongxing Securities Co Ltd		218
	188,995	*	Donnelley Financial Solutions, Inc		6,543
	319,896	*	Draper Esprit plc		4,336
	1,613,560	*	Dubai Financial Market		457
	38,169		Dynex Capital, Inc		660
	392,691		East Money Information Co Ltd		2,076
	254,122		ECN Capital Corp		2,095
	24,057,074		Edelweiss Capital Ltd		25,407
	105,427		EFG International		760
	39,286		eGuarantee, Inc		873
	629,445	*	Egyptian Financial Group-Hermes Holding		485
	7,586	*	Electreon Wireless Ltd		387
	526,261		Element Financial Corp		5,310
	49,940		Ellington Financial Inc		913
	36,043	*	Encore Capital Group, Inc		1,776
	40,865	*	Enova International, Inc		1,412
	398,789		EQT AB		16,559
	2,342,304		Equitable Holdings, Inc		69,426
	11,250		Eurazeo		1,054
	1,192,542	g	Euronext NV		134,961
	147,606		Everbright Securities Co Ltd		353
	91,977	e	Evercore Inc		12,295
	21,449		EXOR NV		1,800
	195,581	*	Ezcorp, Inc (Class A)		1,481
	59,733		Factset Research Systems, Inc		23,581
	762,401		Far East Horizon Ltd		774
	113,180	e	Federated Investors, Inc (Class B)		3,678
	80,027		Fiera Capital Corp		661
	69,700	e	Financial Products Group Co Ltd		444
	111,153	e	FinVolution Group (ADR)		627

54

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	201,491		First Capital Securities Co Ltd	$	225
	45,283		FirstCash, Inc		3,962
	5,027,221		FirstRand Ltd		21,536
	43,115	*	flatexDEGIRO AG.		912
	40,857	g	Flow Traders		1,577
	167,722	*	Focus Financial Partners, Inc		8,784
	213,146		Founder Securities Co Ltd		269
	326,376		Franklin Resources, Inc		9,700
	10,936,363		Fuhwa Financial Holdings Co Ltd		9,649
	160,758	*,g	Funding Circle Holdings plc		333
	51,000	*,e	Futu Holdings Ltd (ADR)		4,642
	35,284		Fuyo General Lease Co Ltd		2,427
	197,094	*,e	GAM Holding AG.		360
	2,007		GAMCO Investors, Inc (Class A)		53
	282,406	e	GCM Grosvenor, Inc		3,253
	5,812,817	*	Gentera SAB de C.V.		3,377
	741,636		GF Securities Co Ltd		1,293
	218,008		GF Securities Co Ltd (Class A)		703
	24,489		Gimv NV		1,563
	40,301	*,e	GMO Financial Holdings, Inc		306
	205,977	e	goeasy Ltd		32,868
	712,345		Goldman Sachs Group, Inc		269,288
	63,623		Granite Point Mortgage Trust, Inc		838
	28,182		Great Ajax Corp		380
	58,830	*	Green Dot Corp		2,961
	7,684		Greenhill & Co, Inc		112
	34,371	e	GRENKE AG.		1,474
	22,194		Groupe Bruxelles Lambert S.A. (EN Brussels)		2,441
	182,933		Grupo de Inversiones Suramericana S.A.		1,028
	31,773		Gruppo MutuiOnline S.p.A		1,573
	112,835		Guangzhou Yuexiu Financial Holdings Group Co Ltd		147
	97,304		Guolian Securities Co Ltd		200
	169,049		Guosen Securities Co Ltd		308
	3,285,800		Guotai Junan International Hol		521
	311,016		Guotai Junan Securities Co Ltd		855
	176,654		Guoyuan Securities Co Ltd		211
	3,095,246		Haci Omer Sabanci Holding AS		3,373
	2,526,282	e	Haitong International Securities Group Ltd		666
	1,967,573		Haitong Securities Co Ltd		1,794
	407,912		Haitong Securities Co Ltd (Class A)		764
	1,374,000	g	Haitong UniTrust International Leasing Co Ltd		189
	45,269		Hamilton Lane, Inc		3,840
	87,925		Hannon Armstrong Sustainable Infrastructure Capital, Inc		4,702
	111,811	*	Hanwha Securities Co		404
	68,020		Hargreaves Lansdown plc		1,306
	35,640	g	HDFC Asset Management Co Ltd		1,391
	20,586		Hithink RoyalFlush Information Network Co Ltd		380
	2,788,208		Hong Kong Exchanges and Clearing Ltd		171,337
	153,000		Hotai Finance Co Ltd		476
	25,246		Houlihan Lokey, Inc		2,325
	124,572		Huaan Securities Co Ltd		103
	1,081,140	g	Huatai Securities Co Ltd		1,666
	153,334		Huatai Securities Co Ltd (Class A)		402
	144,100		Huaxi Securities Co Ltd		214
	63,369		HUB24 Ltd		1,305

55

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	34,395	*	Hypoport AG.	$	23,075
	116,730	g	ICICI Securities Ltd		1,189
	1,099,706	*	IDFC Ltd		808
	178,900		iFAST Corp Ltd		1,232
	2,743,345		IG Group Holdings plc		29,645
	189,156		IGM Financial, Inc		6,758
	30,091		IIFL Wealth Management Ltd		633
	145,722	g	Indian Energy Exchange Ltd		1,262
	335,380		Industrial Securities Co Ltd		508
	105,494		Industrivarden AB		3,370
	34,641		Industrivarden AB		1,070
	330,632		IntegraFin Holdings plc		2,312
	86,757	e	Interactive Brokers Group, Inc (Class A)		5,408
	685,372		Intercontinental Exchange Group, Inc		78,694
	427,570		Intermediate Capital Group plc		11,708
	55,030		Inversiones La Construccion S.A.		208
	394,856		Invesco Ltd		9,520
	301,348	e	Invesco Mortgage Capital, Inc		949
	270,801		Investec Ltd		1,177
	829,809		Investec plc		3,541
	37,994		Investment AB Oresund		622
	545,654	*	Investor AB		11,734
	765,428		IOOF Holdings Ltd		2,337
	3,077,030		IP Group plc		5,804
	130,442		Is Yatirim Menkul Degerler AS		194
	2,434,747		iShares Core MSCI Emerging Markets ETF		150,370
	9,390		iShares Core S&P 500 ETF		4,045
	21,300	e	iShares MSCI ACWI ex US ETF		1,180
	993,055	e	iShares MSCI Canada Index Fund		36,048
	43,681	e	iShares MSCI EAFE Index Fund		3,408
	12,800	e	iShares MSCI EAFE Small-Cap ETF		952
	21,677		iShares MSCI Emerging Markets		1,092
	5,000	e	iShares MSCI Emerging Markets Small-Cap ETF		303
	397,037	e	iShares MSCI Japan ETF		27,892
	4,600	e	iShares Russell 2000 Index Fund		1,006
	85,000	e	iShares Russell Midcap Growth Index Fund		9,526
	244,224		Isracard Ltd		1,016
	23,625		Jaccs Co Ltd		643
	44,331	*	Jackson Financial, Inc		1,153
	1,019	*,e	Jackson Financial, Inc		27
	52,918	*	Jafco Co Ltd		3,378
	197,299		Janus Henderson Group plc		8,154
	155,666		Japan Investment Adviser Co Ltd		1,887
	113,900		Japan Securities Finance Co Ltd		880
	416,039		Jefferies Financial Group, Inc		15,448
	1,044,000	*	Jih Sun Financial Holdings Co Ltd		483
	433,291		JM Financial Ltd		538
	87,522		JSE Ltd		612
	96,963		Julius Baer Group Ltd		6,442
	531,630		Jupiter Investment Management Group Ltd		1,791
	62,585		KBC Ancora		3,211
	48,086	*	Kinnevik AB		1,690
	15,305		KIWOOM Securities Co Ltd		1,401
	869,733		KKR & Co, Inc		52,949
	91,341	e	KKR Real Estate Finance Trust, Inc		1,927
	27,096		Korea Investment Holdings Co Ltd		1,947

56

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	16,968		KRUK S.A.	$	1,386
	810,128		Krungthai Card PCL		1,304
	375,123		Kumho Investment Bank		276
	845,569	*	L&T Finance Holdings Ltd		1,029
	496,600		Ladder Capital Corp		5,487
	314,714		Lazard Ltd (Class A)		14,414
	515,574	*	LendingClub Corp		14,560
	4,199	*	LendingTree, Inc		587
	12,285		Leonteq A.G.		753
	99,400	*,e	LexinFintech Holdings Ltd (ADR)		585
	71,404		Liontrust Asset Management plc		2,044
	737,728		London Stock Exchange Group plc		73,926
	350,844		LPL Financial Holdings, Inc		54,998
	129,145	*,e	Lufax Holding Ltd		901
	15,691		Lundbergs AB (B Shares)		861
	18,000	*	M&A Capital Partners Co Ltd		995
	2,226,714		M&G plc		6,084
	147,645		MA Financial Group Ltd		777
	410,426		Macquarie Group Ltd		53,026
	151,532		Magellan Financial Group Ltd		3,804
	613,891		Mahindra & Mahindra Financial Services Ltd		1,522
	26,164,147		Man Group plc		72,023
	509,305		Manappuram General Finance & Leasing Ltd		1,154
	42,762		MarketAxess Holdings, Inc		17,990
	11,872		Marlin Business Services Corp		264
	78,700	e	Marusan Securities Co Ltd		448
	12,626	g	MAS Financial Services Ltd		132
	130,200		Matsui Securities Co Ltd		946
	39,442		Meritz finance Holdings Co Ltd		1,114
	196,348		Meritz Securities Co Ltd		814
	7,827,380		Metro Pacific Investments Corp		558
	526,433		MFA Financial Inc		2,406
	187,886		Mirae Asset Daewoo Co Ltd		1,355
	428,970		Mitsubishi UFJ Lease & Finance Co Ltd		2,243
	32,700		Mizuho Leasing Co Ltd		1,061
	82,590		MLP AG.		685
	130,271		Moelis & Co		8,060
	176,052	*	Monex Group, Inc		913
	191,121		Moody’s Corp		67,869
	6,541,981		Morgan Stanley		636,600
	41,023		Morningstar, Inc		10,626
	36,812		Motilal Oswal Financial Services Ltd		424
	99,358		MSCI, Inc (Class A)		60,443
	601,982		Muangthai Capital PCL		1,028
	38,168		Multi Commodity Exchange of India Ltd		849
	79,544		Muthoot Finance Ltd		1,547
	203,739		Nanjing Securities Co Ltd		313
	131,103		Nasdaq Inc		25,306
	195,044	e	Navient Corp		3,848
	20,163		Nelnet, Inc (Class A)		1,598
	192,297		Netwealth Group Ltd		1,985
	515,893		New Residential Investment Corp		5,675
	445,030		New York Mortgage Trust, Inc		1,896
	56,823	*,†	NewStar Financial, Inc		14
	16,999		NICE Holdings Co Ltd		255
	151,479		Ninety One Ltd		507

57

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	640,217		Ninety One plc	$	2,220
	122,774	g	Nippon Life India Asset Management Ltd		699
	22,543	*	Noah Holdings Ltd (ADR)		837
	3,779,636	*	Nomura Holdings, Inc		18,633
	1,904,675		Nordnet AB publ		34,245
	124,300		Northeast Securities Co Ltd		165
	16,916		Northern Trust Corp		1,824
	109,152		Numis Corp plc		528
	164,393		Okasan Holdings, Inc		595
	2,694,095	*	Omni Bridgeway Ltd		6,668
	208,540		OneMain Holdings, Inc		11,539
	135,937		Onex Corp		9,610
	216,920	*	Open Lending Corp		7,824
	24,641	*	Oportun Financial Corp		617
	11,013		Oppenheimer Holdings, Inc		499
	122,473	e	Orchid Island Capital, Inc		599
	583,000		Orient Corp		862
	278,837		Orient Securities Co Ltd		650
	2,289,868		ORIX Corp		42,847
	285,538		Osaka Securities Exchange Co Ltd		7,081
	82,842	*	Pacific Securities Co Ltd		42
	6,051,644	*	Pacific Strategic Financial Tbk PT		362
	9,363		Partners Group		14,612
	378,815		Pendal Group Ltd		2,204
	100,969		PennyMac Mortgage Investment Trust		1,988
	1,260,085	*	Pensionbee Group plc		2,255
	73,959		Perpetual Trustees Australia Ltd		1,999
	305,101		Pinnacle Investment Management Group Ltd		3,416
	78,381		Piper Jaffray Cos		10,853
	2,425,807		Piramal Healthcare Ltd		84,341
	17,646		PJT Partners, Inc		1,396
	368,884		Platinum Asset Mangement Ltd		926
	109,924		Plus500 Ltd		2,059
	81,915		Polar Capital Holdings plc		894
	53,518	*	PRA Group, Inc		2,255
	659,390		President Securities Corp		541
	329,655		PROG Holdings, Inc		13,849
	320,408	*	Provident Financial plc		1,438
	40,471		Pzena Investment Management, Inc (Class A)		398
	180,780	*,e	Qudian, Inc (ADR)		264
	2,037,499	g	Quilter plc		3,907
	1,963,527		Ratchthani Leasing PCL		232
	133,847		Rathbone Brothers		3,623
	352,758		Ratos AB (B Shares)		2,065
	209,112		Raymond James Financial, Inc		19,297
	240,441		Ready Capital Corp		3,470
	657,177		REC Ltd		1,391
	319,258		Redwood Trust, Inc		4,115
	116,090		Regional Management Corp		6,754
	85,497		Reinet Investments S.C.A		1,607
	577,682		Remgro Ltd		5,211
	168,079	g	Resurs Holding AB		778
	20,061		Ricoh Leasing Co Ltd		665
	409,285		S&P Global, Inc		173,901
	41,005		Samsung Securities Co Ltd		1,638
	201,553		Sanne Group plc		2,452

58

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	72,633		Santander Consumer USA Holdings, Inc	$	3,029
	268,658	*	SBI Cards & Payment Services Ltd		3,705
	968,938	*	SBI Holdings, Inc		23,732
	87,598		Schroders plc		4,219
	26,722		Sculptor Capital Management, Inc		745
	264,863		SDIC Capital Co Ltd		359
	155,891		Sealand Securities Co Ltd		99
	126,024		SEI Investments Co		7,473
	207,969		Shanxi Securities Co Ltd		211
	419,000		Sheng Ye Capital Ltd		498
	684,844		Shenwan Hongyuan Group Co Ltd		581
	3,208		Shinyoung Securities Co Ltd		170
	20,927		Shriram City Union Finance Ltd		573
	137,113		Shriram Transport Finance Co Ltd		2,385
	972,290		SHUAA Capital PSC		176
	532,744		Singapore Exchange Ltd		3,900
	137,082		Sinolink Securities Co Ltd		241
	352,139		SLM Corp		6,198
	5,845		Societe Fonciere Financiere et de Participations FFP		807
	15,392		Sofina S.A.		6,116
	144,927		SooChow Securities Co Ltd		223
	120,373		Southwest Securities Co Ltd		95
	12,487	*	Spandana Sphoorty Financial Ltd		96
	94,358		Sparx Group Co Ltd		259
	8,000		SPDR S&P 500 ETF Trust		3,433
	29,799		Sprott, Inc		1,096
	768,475	*,†,e	SRH NV		9
	606,810		Srisawad Corp PCL		1,122
	459,248		St. James’s Place plc		9,264
	2,411,722		Standard Life Aberdeen plc		8,248
	631,256		Starwood Property Trust, Inc		15,409
	556,155		State Street Corp		47,117
	126,607	e	StepStone Group, Inc		5,399
	117,123		Stifel Financial Corp		7,960
	18,588	*	StoneX Group, Inc		1,225
	8,724		Strike Co Ltd		329
	589,735		Sun Hung Kai & Co Ltd		304
	51,889		Sundaram Finance Ltd		1,706
	22,218		Svolder AB		695
	10,942		Swissquote Group Holding S.A.		2,016
	2,062,375		Synchrony Financial		100,809
	255,839		T Rowe Price Group, Inc		50,324
	151,128		Taiwan Acceptance Corp		878
	143,694		Tamburi Investment Partners S.p.A.		1,520
	13,140		Tata Investment Corp Ltd		241
	1,044,689		Tel Aviv Stock Exchange Ltd		5,542
	122,437	*	Tianfeng Securities Co Ltd		82
	67,823		TMX Group Ltd		7,314
	220,380		Tokai Tokyo Securities Co Ltd		796
	26,910		Tokyo Century Corp		1,515
	81,545		Tong Yang Investment Bank		277
	925,172		TP Icap Group plc		1,990
	68,129		TPG RE Finance Trust, Inc		843
	116,093		Tradeweb Markets, Inc		9,378
	536,993		Transaction Capital Ltd		1,470
	1,214,667		Turkiye Sinai Kalkinma Bankasi AS		162

59

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	348,970	e	Two Harbors Investment Corp	$	2,212
	5,057,933		UBS Group AG		80,733
	42,750	*	Ujjivan Financial Services Ltd		89
	98,000	*,e	Up Fintech Holding Ltd (ADR)		1,038
	52,517	*	Upstart Holdings, Inc		16,618
	43,729		UTI Asset Management Co Ltd		627
	23,900	*	Uzabase, Inc		519
	223		Value Line, Inc		8
	1,013,011		Value Partners Group Ltd		509
	25,000	e	Vanguard FTSE Developed Markets ETF		1,262
	111,533		Virtu Financial, Inc		2,725
	2,678		Virtus Investment Partners, Inc		831
	205,913		Vontobel Holding AG.		17,324
	1,023,909		Voya Financial, Inc		62,858
	17,065		VZ Holding AG.		1,701
	58,402		Warsaw Stock Exchange		609
	1,937,490		Waterland Financial Holdings		1,118
	26,400	*,e	WealthNavi, Inc		809
	28,502		Wendel		3,938
	129,303		Western Securities Co Ltd		165
	77,827	e	WisdomTree Investments, Inc		441
	101,818		Woori Investment & Securities Co Ltd		1,096
	56,403	*	Woori Technology Investment Co Ltd		344
	5,191	*,e	World Acceptance Corp		984
	47,647	g	X-Trade Brokers Dom Maklerski S.A.		169
	1,211,500	*,g	Yixin Group Ltd		233
	624,400		Zeder Investments Ltd		127
	63,365		Zenkoku Hosho Co Ltd		3,092
	239,191	*	Zheshang Securities Co Ltd		460
	406,800		Zhongtai Securities Co Ltd		598
	3,511,452	*,e	Zip Co Ltd		17,319
			TOTAL DIVERSIFIED FINANCIALS		6,586,983
ENERGY - 3.2%
	58,600	*	3R PETROLEUM OLEO E GAS S.A.		458
	18,317,961		Adaro Energy Tbk		2,239
	233,257	*,e	Advantage Energy Ltd		1,179
	142,439		Aegis Logistics Ltd		435
	32,115	*,e	Aemetis, Inc		587
	804,258		Aker BP ASA		26,069
	367,933	*	Aker Solutions ASA		811
	37,425		Aldrees Petroleum and Transport Services Co		727
	86,855	*,e	Alto Ingredients, Inc		429
	4,112	e	Altus Midstream Co		284
	241,162		Ampol Ltd		4,813
	377,251	e	Antero Midstream Corp		3,931
	309,175	*	Antero Resources Corp		5,816
	327,706		APA Corp		7,023
	840,849	e	ARC Resources Ltd		7,880
	45,918	*	Arch Resources, Inc		4,259
	161,737	e	Archrock, Inc		1,334
	7,758	*	Aspen Aerogels, Inc		357
	111,853		Baker Hughes Co		2,766
	1,111,700		Bangchak Corp PCL		899
	5,675,166		Banpu PCL (Foreign)		2,071
	2,050,945		Beach Petroleum Ltd		2,190

60

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	77,493		Berry Petroleum Co LLC	$	559
	1,016,248		Bharat Petroleum Corp Ltd		5,892
	325,242	e	Birchcliff Energy Ltd		1,800
	195,986	e	Bonanza Creek Energy, Inc		9,388
	20,266,303		BP plc		92,310
	819,318		BP plc (ADR)		22,392
	49,969		Brigham Minerals, Inc		957
	4,650,000	*,†,e	Brightoil Petroleum Holdings Ltd		672
	27,361	*	Bristow Group, Inc		871
	2,823,000	*	Bumi Armada BHD		308
	119,782	*,e	BW Energy Ltd		382
	90,101	g	BW LPG Ltd		490
	123,324		BW Offshore Ltd		397
	122,873		Cabot Oil & Gas Corp		2,674
	82,345		Cactus, Inc		3,106
	611,581		Cairn Energy plc		1,543
	110,739	*	California Resources Corp		4,540
	18,281	*,e	Callon Petroleum Co		897
	432,520		Cameco Corp (Toronto)		9,398
	175,555	e	Canacol Energy Ltd		468
	1,415,388		Canadian Natural Resources Ltd (Canada)		51,750
	1,646,721		Cenovus Energy, Inc (Toronto)		16,602
	707,308	*,e	Centennial Resource Development, Inc		4,739
	11,891	*,e	Centrus Energy Corp		460
	760,314	*,e	CGG S.A.		580
	435,347	*,e	ChampionX Corp		9,734
	494,617	*	Cheniere Energy, Inc		48,309
	174,898		Chesapeake Energy Corp		10,772
	4,086,818		Chevron Corp		414,608
	300,803		China Aviation Oil Singapore Corp Ltd		209
	751,853		China Merchants Energy Shipping Co Ltd		642
	2,501,122		China Oilfield Services Ltd		2,367
	548,576		China Shenhua Energy Co Ltd		1,916
	4,467,955		China Shenhua Energy Co Ltd (Hong Kong)		10,408
	673,055		Cimarex Energy Co		58,690
	169,017	*,e	Clean Energy Fuels Corp		1,377
	258,379	*,e	CNX Resources Corp		3,261
	1,884,174		Coal India Ltd		4,682
	118	*,†,b	Cobalt International Energy, Inc		0	^
	98,152	e	Computer Modelling Group Ltd		367
	109,312	*	Comstock Resources Inc		1,131
	3,044,721		ConocoPhillips		206,341
	40,341	*	CONSOL Energy, Inc		1,050
	50,461	*,e	Contango Oil & Gas Co		231
	19,707	e	Continental Resources, Inc		909
	1,741,077	*,e	Cooper Energy Ltd		338
	1,165,604		Cosan SA Industria e Comercio		4,919
	425,793		COSCO SHIPPING Energy Transportation Co Ltd		450
	71,058		Cosmo Energy Holdings Co Ltd		1,609
	1,486,947		Crescent Point Energy Corp		6,856
	30,514		CropEnergies AG.		425
	33,365		CVR Energy, Inc		556
	3,499,214		Dana Gas PJSC		1,002
	12,289	*	Delek Group Ltd		869
	74,507	*	Delek US Holdings, Inc		1,339
	72,931	*	Denbury, Inc		5,123

61

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	934,813	*	Denison Mines Corp	$	1,358
	2,072,777		Devon Energy Corp		73,604
	169,669	e	DHT Holdings, Inc		1,108
	4,812,012		Dialog Group BHD		2,740
	1,398,619		Diamondback Energy, Inc		132,407
	2,468,286		Diversified Gas & Oil plc		3,929
	6,440	*	DMC Global, Inc		238
	585,169	*	DNO International ASA		664
	33,394		Dorian LPG Ltd		414
	27,121	*	Drilling Co of 1972		1,018
	41,559	*	Dril-Quip, Inc		1,046
	5,678		DT Midstream, Inc		263
	27,003	*	Earthstone Energy, Inc		248
	6,028,003		Ecopetrol S.A.		4,328
	437,344		Empresas COPEC S.A.		3,630
	110,853		Enauta Participacoes S.A.		281
	2,460,160		Enbridge, Inc (Toronto)		98,010
	3,307,868		ENEOS Holdings, Inc		13,438
	233,085		Enerflex Ltd		1,708
	142,540	*,e	Energean plc		1,698
	1,168,600	*,†	Energy Earth PCL		0	^
	175,353	*,e	Energy Fuels, Inc		1,227
	66,701	*,e	Energy Fuels, Inc		468
	1		Energy Transfer LP		0	^
	691,684		Enerplus Corp		5,537
	1,579,391		ENI S.p.A.		21,061
	1,846,001		EOG Resources, Inc		148,178
	80,902	*,e	EQT Corp		1,655
	2,641,189		Equinor ASA		67,168
	19,017	*	Equital Ltd		536
	484,990		Equitrans Midstream Corp		4,918
	826,300	*	Esso Thailand PCL (Foreign)		199
	226,661	e	Euronav NV		2,148
	13,309	*	Extraction Oil & Gas, Inc		751
	297,683	e	Exxaro Resources Ltd		3,183
	4,137,840	n	Exxon Mobil Corp		243,388
	101,939	e	Falcon Minerals Corp		479
	34,184		FLEX LNG Ltd		608
	1,346,269		Formosa Petrochemical Corp		4,767
	160,469	*,e	Frank’s International NV		472
	147,221		Freehold Royalty Trust		1,209
	142,316	*,e	Frontline Ltd		1,334
	132,681	*	Frontline Ltd (Sigmax MTF)		1,206
	12,844	*	FTS International, Inc		316
	90,088		Galp Energia SGPS S.A.		1,023
	2,286,800		Gazprom (ADR)		22,731
	4,253,464		Gazprom OAO (ADR)		42,039
	26,552		Gaztransport Et Technigaz S.A.		1,983
	226,656	*,e	Gevo, Inc		1,505
	179,068	e	Gibson Energy, Inc		3,288
	241,335	*	Golar LNG Ltd		3,130
	104,620		Great Eastern Shipping Co Ltd		518
	55,186	*	Green Plains Inc		1,802
	93,275	*	Grupa Lotos S.A.		1,382
	54,770		GS Holdings Corp		2,045
	745,186	*	Guanghui Energy Co Ltd		995

62

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	934,857	*	Gulf International Services QSC	$	410
	61,790	*	Hafnia Ltd		127
	867,232		Halliburton Co		18,750
	279,660	*	Harbour Energy plc		1,365
	169,637	*,e	Helix Energy Solutions Group, Inc		658
	64,034		Hellenic Petroleum S.A.		416
	124,825		Helmerich & Payne, Inc		3,421
	848,473		Hess Corp		66,274
	15,077	e	HighPeak Energy, Inc		136
	774,850		Hindustan Petroleum Corp Ltd		3,124
	44,223	e	HollyFrontier Corp		1,465
	353,651		Hunting plc		1,075
	182,749		Idemitsu Kosan Co Ltd		4,808
	258,200	e	Imperial Oil Ltd		8,160
	2,354,889		Indian Oil Corp Ltd		3,952
	562,500		Indo Tambangraya Megah Tbk PT		813
	1,064,100		Inner Mongolia Yitai Coal Co		924
	1,089,134		Inpex Holdings, Inc		8,480
	121,240	e	Inter Pipeline Ltd		1,910
	49,797		International Seaways, Inc		907
	11,975,886		IRPC PCL (Foreign)		1,460
	94,650		Itochu Enex Co Ltd		851
	57,122		Iwatani International Corp		3,339
	44,777		Japan Petroleum Exploration Co		838
	945,435	*	John Wood Group plc		2,921
	251,824	e	Keyera Corp		6,336
	1,196,883		Kinder Morgan, Inc		20,024
	72,381		Koninklijke Vopak NV		2,852
	143,114	*	Kosmos Energy Ltd		424
	12,246	*,e	Laredo Petroleum, Inc		993
	79,662	*,e	Liberty Oilfield Services, Inc		966
	460,923		LUKOIL PJSC (ADR)		43,631
	1,035,918	e	Lundin Petroleum AB		38,454
	155,259		Magnolia Oil & Gas Corp		2,762
	1,521,397		Marathon Oil Corp		20,797
	1,502,525		Marathon Petroleum Corp		92,871
	28,660		Mari Petroleum Co Ltd		261
	136,260		Matador Resources Co		5,183
	337,122	*	MEG Energy Corp		2,632
	40,300		Mitsuuroko Co Ltd		527
	27,330		Modec, Inc		434
	507,702		MOL Hungarian Oil & Gas plc		4,218
	60,510	*	Motor Oil Hellas Corinth Refineries S.A.		920
	172,441		Murphy Oil Corp		4,306
	8,358	*	Nabors Industries Ltd		806
	18,777	*	Naphtha Israel Petroleum Corp Ltd		91
	37,144	*,e	National Energy Services Reunited Corp		465
	899,933	e	Neste Oil Oyj		50,767
	27,204	e	New Fortress Energy, Inc		755
	696,398	e	New Hope Corp Ltd		1,201
	342,697	*	Newpark Resources, Inc		1,131
	489,108	*,e	NexGen Energy Ltd		2,325
	858,330	*	NexTier Oilfield Solutions, Inc		3,948
	177,342	e	Nordic American Tankers Ltd		454
	417,403		Northern Oil and Gas, Inc		8,932
	618,682	*	NOV, Inc		8,111

63

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	101,934		Novatek PJSC (GDR)	$	26,921
	37,546		Oasis Petroleum, Inc		3,733
	226,002		Occidental Petroleum Corp		6,685
	63,835		Ocean Yield ASA		300
	305,616	*	Oceaneering International, Inc		4,071
	779,527		Offshore Oil Engineering Co Ltd		573
	279,530		Oil India Ltd		976
	5,256,769	*	Oil Refineries Ltd		1,185
	1,989,776		Oil Search Ltd		6,192
	71,335	*	Oil States International, Inc		456
	33,645		OMV AG.		2,026
	518,245		ONEOK, Inc		30,053
	543,710	e	Ovintiv, Inc		17,877
	131,727		Pakistan Oilfields Ltd		290
	594,804		Pakistan Petroleum Ltd		261
	213,045		Pakistan State Oil Co Ltd		252
	2,539,644	*	Paladin Resources Ltd		1,249
	21,427	*	Par Pacific Holdings, Inc		337
	90,583		Paramount Resources Ltd (Class A)		1,343
	157,202		Parex Resources, Inc		2,860
	448,574		Parkland Corp		12,604
	96,499	e	Pason Systems, Inc		657
	373,132		Patterson-UTI Energy, Inc		3,358
	11,641	*	Paz Oil Co Ltd		1,264
	111,657	*	PBF Energy, Inc		1,448
	351,689		PDC Energy, Inc		16,667
	230,426	*,e	Peabody Energy Corp		3,408
	625,147		Pembina Pipeline Income Fund		19,817
	17,135	*	Penn Virginia Corp		457
	610,105	*	Petro Rio S.A.		2,803
	360,329	*,e	Petrofac Ltd		814
	4,182,795		Petroleo Brasileiro S.A.		21,622
	5,331,427		Petroleo Brasileiro S.A. (Preference)		26,658
	378,880		Petronas Dagangan BHD		1,726
	904,162		Petronet LNG Ltd		2,897
	1,591,697	e	Peyto Exploration & Development Corp		12,391
	359,114		Phillips 66		25,149
	871,662		Pioneer Natural Resources Co		145,140
	349,683		Polski Koncern Naftowy Orlen S.A.		7,204
	2,168,399		Polskie Gornictwo Naftowe i Gazownictwo S.A.		3,524
	100,100	*,†	Poseidon Concepts Corp		1
	245,690	e	PrairieSky Royalty Ltd		2,621
	750,500		Prima Marine PCL		143
	95,343	*	ProPetro Holding Corp		825
	1,584,972		PT AKR Corporindo Tbk		479
	7,758,092	*	PT Medco Energi Internasional Tbk		295
	4,747,528		PT Tambang Batubara Bukit Asam Tbk		912
	11,736,906		PT United Tractors Tbk		21,120
	1,661,648		PTT Exploration & Production PCL (Foreign)		5,724
	8,922,100		PTT PCL (ADR)		10,205
	11,407,709		PTT PCL (Foreign)		13,195
	583,843		Qatar Fuel QSC		2,877
	3,082,569		Qatar Gas Transport Co Ltd		2,619
	262,674	*	Rabigh Refining & Petrochemical Co		1,949
	284,382	*	Range Resources Corp		6,436
	7,489,830		Reliance Industries Ltd		253,492

64

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	52,706	*	Renewable Energy Group, Inc	$	2,646
	290,878		Repsol YPF S.A.		3,797
	6,108	*,e	Rex American Resources Corp		488
	7,745	e	Riley Exploration Permian, Inc		182
	1,340,488	*	Rosneft Oil Co PJSC (GDR)		11,327
	5,700,275		Royal Dutch Shell plc (A Shares)		126,769
	6,222,412		Royal Dutch Shell plc (B Shares)		137,868
	171,312	*,e	RPC, Inc		833
	671,590	*,e	Saipem S.p.A		1,648
	70,852		San-Ai Oil Co Ltd		935
	1,891,522		Santos Ltd		9,688
	16,731,300	*	Sapurakencana Petroleum BHD		452
	642,251	*,e	Saras S.p.A.		624
	7,202		Saudi Arabia Refineries Co		311
	4,319,186	g	Saudi Arabian Oil Co		41,421
	184,429		SBM Offshore NV		3,288
	1,889,015		Schlumberger Ltd		55,990
	12,695	*	Schoeller-Bleckmann Oilfield Equipment AG.		511
	56,609		Scorpio Tankers, Inc		1,050
	72,020	*	Select Energy Services, Inc		374
	855,300		Semirara Mining & Power Corp		352
	1,843,251		Serba Dinamik Holdings BHD		141
	196,923	e	Serica Energy plc		614
	50	*,†	Serval Integrated Energy Services		0
	460,871		SFL Corp Ltd		3,862
	787,638		Shaanxi Coal Industry Co Ltd		1,795
	313,686		Shanxi Lu’an Environmental Energy Development Co Ltd		722
	441,329	*	Shanxi Meijin Energy Co Ltd		727
	349,100		Shanxi Xishan Coal & Electricity Power Co Ltd		634
	745,972		Siamgas & Petrochemicals PCL		325
	1,000,000		Sinopec Kantons Holdings Ltd		382
	18,209		SK Discovery Co Ltd		730
	2,916		SK Gas Co Ltd		393
	56,942	*	SK Innovation Co Ltd		12,536
	499,293		SM Energy Co		13,171
	53,725		S-Oil Corp		4,934
	66,848		Solaris Oilfield Infrastructure, Inc		558
	408,361	*	Southwestern Energy Co		2,262
	1,516,720	*	Star Petroleum Refining PCL		442
	272,941		Subsea 7 S.A.		2,365
	1,929,362		Suncor Energy, Inc		40,001
	1,780,228		Surgutneftegaz (ADR) (London)		8,830
	37,947	*	Talos Energy, Inc		523
	376,019		Targa Resources Investments, Inc		18,504
	268,194		Tatneft PJSC (ADR)		11,641
	1,159,737	e	TC Energy Corp		55,817
	129,999	*	Technip Energies NV		2,048
	35,489	*,e	Tecnicas Reunidas S.A.		336
	93,842	*,e	Teekay Corp		343
	29,571	*,e	Teekay Tankers Ltd		430
	915,001	*,e	Tellurian, Inc		3,578
	88,902		Tenaris S.A.		935
	461,989	*	Tetra Technologies, Inc		1,441
	6,853		Texas Pacific Land Corp		8,288
	146,513		TGS Nopec Geophysical Co ASA		1,550

65

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	1,515,360		Thai Oil PCL (Foreign)	$	2,318
	128,978	*	Thungela Resources Ltd		805
	49,522	*	Tidewater, Inc		597
	247,771	e	Topaz Energy Corp		3,369
	33,092	*	TORM plc		254
	3,085,937	e	Total S.A.		147,501
	410,130	e	Tourmaline Oil Corp		14,328
	72,511	*	Transportadora de Gas del Sur S.A. (ADR) (Class B)		357
	1,447,610	*	Tullow Oil plc		995
	162,703	*	Turkiye Petrol Rafinerileri AS		2,116
	859,561		Ultrapar Participacoes S.A.		2,327
	88,459	*,e	Uranium Energy Corp		270
	74,398	*	Ur-Energy, Inc		128
	81,576	*	US Silica Holdings, Inc		652
	2,226,969	e	Valero Energy Corp		157,157
	4,974,462	*	Velesto Energy Bhd		171
	26,216		Verbio AG.		1,728
	194,202	*,e	Vermilion Energy, Inc		1,920
	173,254	*,e	Vine Energy, Inc		2,853
	1,056,807	g	Viva Energy Group Ltd		1,787
	121,837	*	W&T Offshore, Inc		453
	214,070	e	Washington H Soul Pattinson & Co Ltd		5,949
	786	*	Weatherford International Ltd		15
	772,285	e	Whitecap Resources, Inc		4,274
	1,134,401	*	Whitehaven Coal Ltd		2,597
	46,389	*	Whiting Petroleum Corp		2,710
	1,521,348		Williams Cos, Inc		39,464
	988,272		Woodside Petroleum Ltd		16,899
	73,878		World Fuel Services Corp		2,484
	379,116		Worley Ltd		2,667
	93,333		Yantai Jereh Oilfield Services Group Co Ltd		693
	1,835,540		Yanzhou Coal Mining Co Ltd		3,461
	210,569		Yanzhou Coal Mining Co Ltd (Class A)		938
	631,500		Yinson Holdings BHD		831
	278,366	*,e	YPF S.A. (ADR) (Class D)		1,297
	670,199		Z Energy Ltd		1,580
			TOTAL ENERGY		4,279,260
FOOD & STAPLES RETAILING - 1.5%
	29,713	*,e	111, Inc (ADR)		183
	49,633		Abdullah Al Othaim Markets Co		1,490
	553,563	e	Aeon Co Ltd		14,553
	24,100		Aeon Hokkaido Corp		268
	29,583		Ain Pharmaciez Inc		1,843
	97,570		Al Meera Consumer Goods Co		526
	17,117	e	Albertsons Cos, Inc		533
	1,445,017		Alimentation Couche Tard, Inc		55,286
	88,012		Andersons, Inc		2,713
	48,379		Arcs Co Ltd		983
	565,695		Atacadao Distribuicao Comercio e Industria Ltd		1,845
	181,811	*,g	Avenue Supermarts Ltd		10,378
	127,395	e	Axfood AB		3,046
	19,855		Axial Retailing, Inc		673
	11,200		Belc Co Ltd		587
	1,075,212		Berli Jucker PCL		1,042
	35,930		BGF retail Co Ltd		5,133

66

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	369,240	*	Bid Corp Ltd	$	7,910
	511,189		BIM Birlesik Magazalar AS		3,673
	356,735	*	BJ’s Wholesale Club Holdings, Inc		19,592
	738,105		Carrefour S.A.		13,228
	4,137		Casey’s General Stores, Inc		780
	41,848	*,e	Casino Guichard Perrachon S.A.		1,125
	14,051		Cawachi Ltd		285
	1,646,728		Cencosud S.A.		3,185
	34,856	*	Chefs’ Warehouse Holdings, Inc		1,135
	5,761,003		Cia Brasileira de Distribuicao		27,230
	252,587		Clicks Group Ltd		4,658
	21,860		Cocokara Fine Holdings, Inc		1,668
	1,341,451		Coles Group Ltd		16,295
	12,863	e	Colruyt S.A.		656
	1,619,563		Cosco Capital, Inc		159
	20,900	e	Cosmos Pharmaceutical Corp		3,549
	1,038,965		Costco Wholesale Corp		466,859
	6,458,916		CP ALL plc		12,074
	33,500		Create SD Holdings Co Ltd		1,126
	5,118		Daikokutenbussaan Co Ltd		301
	1,206,000		Dairy Farm International Holdings Ltd		4,102
	57,396		DaShenLin Pharmaceutical Group Co Ltd		377
	162,649	*,g	Dino Polska S.A.		13,585
	342,895	g	Dis-Chem Pharmacies Ltd		676
	19,314,023	*	Distribuidora Internacional de Alimentacion S.A.		329
	29,427		Dongsuh Co, Inc		724
	41,010		E-Mart Co Ltd		5,646
	285,220		Empire Co Ltd		8,692
	1,368,407		Endeavour Group Ltd		6,848
	90,454		Eurocash S.A.		257
	17,700		Fuji Co Ltd		346
	23,800		G-7 Holdings, Inc		436
	8,600	e	Genky DrugStores Co Ltd		380
	85,597	e	George Weston Ltd		9,233
	474,949		GrainCorp Ltd-A		2,143
	100,381	*	Grocery Outlet Holding Corp		2,165
	662,487	e	Grupo Comercial Chedraui S.a. DE C.V.		1,137
	534,800	*	Grupo Mateus S.A.		748
	41,618		GS Retail Co Ltd		1,137
	13,800		Halows Co Ltd		351
	32,958		Heiwado Co Ltd		640
	50,402	*,e	HF Foods Group Inc		305
	42,797		Hyundai Greenfood Co Ltd		334
	20,334		ICA Gruppen AB		933
	34,000	e	Inageya Co Ltd		418
	16,344		Ingles Markets, Inc (Class A)		1,079
	5,570		Itochu-Shokuhin Co Ltd		264
	321,223		J Sainsbury plc		1,231
	605,717		Jeronimo Martins SGPS S.A.		12,075
	12,000		JM Holdings Co Ltd		224
	29,523		Kato Sangyo Co Ltd		874
	467,757		Kesko Oyj (B Shares)		16,135
	25,800		Kobe Bussan Co Ltd		843
	918,783		Koninklijke Ahold Delhaize NV		30,594
	140,088		Kroger Co		5,664
	19,234	e	Kusuri no Aoki Holdings Co Ltd		1,322

67

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	449,781	e	La Comer SAB de C.V.	$	760
	22,255		Laobaixing Pharmacy Chain JSC		161
	13,631		Lawson, Inc		670
	151,508	*	Lenta PLC (GDR)		451
	17,996		Life Corp		721
	209,179		Loblaw Cos Ltd		14,355
	5,792		M Yochananof & Sons Ltd		417
	66,419		Magnit PJSC (GDR)		1,120
	509,677		Magnit PJSC (GDR)		8,588
	66,747	*	Majestic Wine plc		623
	36,905	*	MARR S.p.A.		901
	265,588	*	Massmart Holdings Ltd		1,096
	129,494		Matsumotokiyoshi Holdings Co Ltd		5,812
	5,700		Maxvalu Tokai Co Ltd		133
	21,796	*,e	MedAvail Holdings, Inc		64
	1,217,695		Metcash Ltd		3,406
	409,560		Metro Wholesale & Food Specialist AG.		5,314
	278,721		Metro, Inc		13,619
	92,248	*	Migros Ticaret AS		325
	13,047	e	Natural Grocers by Vitamin C		146
	17,400		Nihon Chouzai Co Ltd		266
	59,349	e	North West Co, Inc		1,585
	490,542	*	Ocado Ltd		10,963
	37,462		Okuwa Co Ltd		397
	1,065,744		Olam International Ltd		1,377
	862,791	*	Performance Food Group Co		40,085
	363,584		Pick’n Pay Stores Ltd		1,376
	639,717		President Chain Store Corp		6,420
	26,096		Pricesmart, Inc		2,024
	1,009,200		Puregold Price Club, Inc		880
	22,900		Qol Holdings Co Ltd		310
	1,173,735		Raia Drogasil S.A.		5,037
	11,364		Rami Levi Chain Stores Hashikma Marketing Ltd		816
	23,712	e	Retail Partners Co Ltd		263
	184,574	*,e	Rite Aid Corp		2,621
	947,100		Robinsons Retail Holdings, Inc		962
	19,741		Ryoshoku Ltd		515
	22,500		San-A Co Ltd		803
	34,697,030		Sendas Distribuidora S.A.		121,311
	661,563		Seven & I Holdings Co Ltd		30,117
	142,700		Shanghai Bailian Group Co Ltd		319
	1,481,610	e	Sheng Siong Group Ltd		1,609
	11,411		Shoei Foods Corp		441
	554,447		Shoprite Holdings Ltd		6,581
	314,694		Shufersal Ltd		2,551
	28,352	*	Sligro Food Group NV		774
	2,484,759		SMU S.A.		253
	2,104,699		Sok Marketler Ticaret AS.		2,782
	1,110,082		Sonae SPGS S.A.		1,170
	215,719		Spar Group Ltd		2,814
	143,506		SpartanNash Co		3,143
	99,641	*	Sprouts Farmers Market, Inc		2,309
	41,496		Sugi Pharmacy Co Ltd		3,025
	2,429,500	e	Sun Art Retail Group Ltd		1,123
	87,300		Sundrug Co Ltd		2,663
	355,821		SYSCO Corp		27,932

68

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	23,044,564		Tesco plc	$	78,481
	26,267		Tsuruha Holdings, Inc		3,239
	159,565	*	United Natural Foods, Inc		7,726
	56,050	e	United Super Markets Holdings, Inc		552
	374,674	*	US Foods Holding Corp		12,986
	37,894		Valor Co Ltd		819
	10,041		Village Super Market (Class A)		218
	653,104		Walgreens Boots Alliance, Inc		30,729
	25,067,136	e	Wal-Mart de Mexico SAB de C.V.		85,166
	3,676,596		Walmart, Inc		512,444
	18,868	e	Weis Markets, Inc		991
	93,960		Welcia Holdings Co Ltd		3,387
	516,233		WM Morrison Supermarkets plc		2,048
	1,319,174		Woolworths Ltd		37,053
	142,818		X5 Retail Group NV (GDR)		4,637
	15,800		YAKUODO Holdings Co Ltd		344
	21,900		Yaoko Co Ltd		1,347
	49,659		Yifeng Pharmacy Chain Co Ltd		399
	36,600		Yixintang Pharmaceutical Group Co Ltd		170
	69,000	e	Yokohama Reito Co Ltd		547
	739,853		Yonghui Superstores Co Ltd		447
	10,839	*,e	Zur Rose Group AG.		4,350
			TOTAL FOOD & STAPLES RETAILING		1,953,196
FOOD, BEVERAGE & TOBACCO - 3.1%
	62,492	*,e	22nd Century Group, Inc		185
	730,950	*,e	a2 Milk Co Ltd		3,237
	219,442		AAK AB		4,720
	116,400	*	Adecoagro S.A.		1,051
	100,583	*	AG. Barr plc		701
	13,236	e	Agrana Beteiligungs AG.		279
	326,109		Agthia Group PJSC		517
	460,663		Ajinomoto Co, Inc		13,613
	21,811	*,e	Aker BioMarine ASA		112
	14,495		Al Jouf Agricultural Development Co		295
	285,333		Almarai Co JSC		4,406
	1,155,909		Altria Group, Inc		52,617
	5,282,709		AMBEV S.A.		14,842
	11,430,978		Anadolu Efes Biracilik Ve Malt Sanayii AS		27,507
	41,511		Angel Yeast Co Ltd		321
	955,625		Anheuser-Busch InBev S.A.		54,201
	119,058		Anhui Gujing Distillery Co Ltd		1,545
	24,014		Anhui Gujing Distillery Co Ltd (Class A)		883
	35,617		Anhui Kouzi Distillery Co Ltd		278
	31,241	*,e	AppHarvest, Inc		204
	998,291		Archer-Daniels-Midland Co		59,907
	22,572		Ariake Japan Co Ltd		1,421
	1,277,168	*	Aryzta AG.		1,905
	193,186		Asahi Breweries Ltd		9,322
	64,360	*	Aseer Trading Tourism & Manufacturing Co		427
	586,780		Associated British Foods plc		14,607
	39,923		Astral Foods Ltd		468
	72,066	*,e	Atlantic Sapphire ASA		285
	4,033,252	e	Ausnutria Dairy Corp Ltd		4,166
	115,426		Austevoll Seafood ASA		1,367
	342,827	*	Australian Agricultural Co Ltd		364

69

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	55,203		Avanti Feeds Ltd	$	400
	314,326		AVI Ltd		1,786
	77,301	e	B&G Foods, Inc (Class A)		2,311
	61,217		Bakkafrost P		5,062
	165,384	g	Bakkavor Group plc		299
	825,854		Baladna		368
	123,371		Balrampur Chini Mills Ltd		606
	3,223		Barry Callebaut AG.		7,310
	466,229		Becle SAB de C.V.		1,012
	452,732		Bega Cheese Ltd		1,739
	421,401		Beijing Dabeinong Technology Group Co Ltd		492
	88,100		Beijing Shunxin Agriculture Co Ltd		480
	204,469		Beijing Yanjing Brewery Co Ltd		207
	2,855		Bell AG.		888
	60,730	*,e	Beyond Meat, Inc		6,392
	5,680		Binggrae Co Ltd		270
	17,749		Bombay Burmah Trading Co		273
	12,699		Bonduelle S.C.A.		316
	10,971	*	Boston Beer Co, Inc (Class A)		5,592
	719,447	*	BRF S.A.		3,579
	122,785		Britannia Industries Ltd		6,520
	147,400		British American Tobacco Malaysia BHD		497
	2,035,655		British American Tobacco plc		71,155
	325,406		Britvic plc		3,918
	3,624		Brown-Forman Corp (Class A)		227
	16,396		Brown-Forman Corp (Class B)		1,099
	1,737,629	g	Budweiser Brewing Co APAC Ltd		4,414
	760,902		Bunge Ltd		61,877
	459,329	*	C&C Group plc		1,457
	9,568		Calavo Growers, Inc		366
	103,100		Calbee, Inc		2,509
	42,544		Cal-Maine Foods, Inc		1,538
	132,067		Camil Alimentos S.A.		239
	15,704		Campbell Soup Co		657
	253,700		Carabao Group PCL		894
	168,673		Carlsberg AS (Class B)		27,518
	150,000		Carlsberg Brewery-Malay BHD		803
	73,516		CCL Products India Ltd		378
	108,677	*	Celsius Holdings, Inc		9,791
	1,234,700		Century Pacific Food, Inc		648
	27,766		Chacha Food Co Ltd		199
	164,279		Charoen Pokphand Enterprise		471
	3,658,231		Charoen Pokphand Foods PCL		2,777
	3,948,021	g	China Feihe Ltd		6,655
	4,375,889	*,†,e	China Huishan Dairy Holdings Co Ltd		6
	370,000	*,†	China Huiyuan Juice Group Ltd		0	^
	3,513,227		China Mengniu Dairy Co Ltd		22,625
	2,649,000	e	China Modern Dairy Holdings		499
	1,635,392		China Resources Beer Holdings Company Ltd		12,095
	31,827	*	Chongqing Brewery Co Ltd		645
	46,404	*	Chongqing Fuling Zhacai Group Co Ltd		220
	22,307	e	Chubu Shiryo Co Ltd		228
	178,865		Cia Cervecerias Unidas S.A.		1,588
	9,028		CJ CheilJedang Corp		3,106
	656,151		Cloetta AB		2,027
	5,295,312		Coca-Cola Co		277,845

70

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	5,307		Coca-Cola Consolidated Inc	$	2,092
	242,592		Coca-Cola European Partners plc (Class A)		13,413
	598,768	e	Coca-Cola Femsa SAB de C.V.		3,374
	199,231		Coca-Cola HBC AG.		6,420
	76,577		Coca-Cola Icecek AS		728
	205,100		Coca-Cola West Japan Co Ltd		2,951
	1,434,825		Cofco International Ltd		517
	2,273,000		COFCO Meat Holdings Ltd		715
	515,011		ConAgra Brands, Inc		17,443
	364,352		Constellation Brands, Inc (Class A)		76,765
	14,838		Corby Spirit and Wine Ltd		212
	550,759		Costa Group Holdings Ltd		1,284
	62,416		Cranswick plc		3,004
	21,057		Daesang Corp		429
	2,449,320	g	Dali Foods Group Co Ltd		1,479
	468,591		Danone		31,948
	421,472	*	Darling International, Inc		30,304
	3,758,205		Davide Campari-Milano NV		52,792
	3,890,861		Diageo plc		188,376
	342,200	*	Distell Group Holdings Ltd		4,309
	1,257		Dongwon F&B Co Ltd		217
	1,151		Dongwon Industries Co Ltd		222
	96,409	*,e	Duckhorn Portfolio, Inc		2,207
	10,500		Dydo Drinco, Inc		535
	1,308,719		Eastern Tobacco		1,019
	86,273	e	Ebro Puleva S.A.		1,645
	377,495		Embotelladora Andina S.A.		815
	494,026	e	Embotelladoras Arca SAB de C.V.		3,013
	3,743		Emmi AG.		3,868
	57,015		Ezaki Glico Co Ltd		2,163
	1,069,184		Fevertree Drinks plc		33,552
	2,706,000		First Pacific Co		973
	731,800	e	First Resources Ltd		875
	21,015		Flowers Foods, Inc		497
	2,169,683		Fomento Economico Mexicano S.A. de C.V.		18,839
	556,311		Fomento Economico Mexicano SAB de C.V. (ADR)		48,243
	59,438		ForFarmers NV		298
	231,060		Foshan Haitian Flavouring & Food Co Ltd		3,918
	147,993		Fraser & Neave Holdings BHD		943
	39,467		Fresh Del Monte Produce, Inc		1,272
	145,414	*	Freshpet, Inc		20,749
	16,245		Fu Jian Anjoy Foods Co Ltd		483
	58,227		Fuji Oil Co Ltd		1,366
	120,200		Fujian Sunner Development Co Ltd		401
	23,032		Fujicco Co Ltd		400
	11,282		Fujiya Co Ltd		246
	181,219		Futuris Corp Ltd		1,583
	382,109		General Mills, Inc		22,858
	275,800		Genting Plantations BHD		451
	402,000		GFPT PCL (Foreign)		147
	377,139		Glanbia plc		6,238
	12,355		Godfrey Phillips India Ltd		198
	14,803,425		Golden Agri-Resources Ltd		2,551
	586,900		Great Wall Enterprise Co		1,152
	628,628	*	Greencore Group plc		1,196
	56,323	*	Grieg Seafood ASA		528

71

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	236,326		Gruma SAB de C.V.	$	2,705
	1,723,441		Grupo Bimbo S.A. de C.V. (Series A)		4,846
	172,956		Grupo Herdez SAB de C.V.		350
	321,200		Guan Chong Bhd		227
	102,145		Guangdong Haid Group Co Ltd		1,064
	149,900		Guinness Anchor BHD		827
	95,759	*	Hain Celestial Group, Inc		4,097
	12,114		Halwani Brothers Co		318
	34,479		Harim Holdings Co Ltd		273
	327,814		Health & Happiness H&H International Holdings Ltd		782
	95,047		Heilongjiang Agriculture Co Ltd		223
	116,784		Heineken Holding NV		10,169
	718,288	e	Heineken NV		74,971
	225,648		Henan Shuanghui Investment & Development Co Ltd		946
	339,257		Hershey Co		57,419
	30,918		Hite Jinro Co Ltd		859
	26,100		Hokuto Corp		460
	23,093		Hormel Foods Corp		947
	417,019	*	Hostess Brands, Inc		7,244
	85,872	*	Hotel Chocolat Group Ltd		469
	74,062		House Foods Corp		2,250
	392,000		Ichitan Group PCL		128
	1,108,216		Imperial Tobacco Group plc		23,180
	2,655,609		Indofood CBP Sukses Makmur Tbk		1,547
	401,596		Inghams Group Ltd		1,183
	7,537		Ingredion, Inc		671
	427,553		Inner Mongolia Yili Industrial Group Co Ltd		2,491
	9,135,000	*,†	Inti Agri Resources Tbk PT		0	^
	2,742,906		IOI Corp BHD		2,470
	3,302,974		ITC Ltd		10,472
	32,329		Ito En Ltd		2,145
	195,400		Itoham Yonekyu Holdings, Inc		1,277
	5,512		J&J Snack Foods Corp		842
	8,925		J.M. Smucker Co		1,071
	444,730		Japan Tobacco, Inc		8,714
	19,262,512		Japfa Comfeed Indonesia Tbk PT		2,637
	471,742	e	Japfa Ltd		236
	980,882		JBS S.A.		6,677
	76,751		JDE Peet’s BV		2,294
	78,926		Jiangsu King’s Luck Brewery JSC Ltd		552
	100,481		Jiangsu Yanghe Brewery Joint-Stock Co Ltd		2,568
	259,606		Jiangxi Zhengbang Technology Co Ltd		377
	20,062		JiuGui Liquor Co Ltd		767
	31,439		John B. Sanfilippo & Son, Inc		2,569
	30,146		J-Oil Mills, Inc		496
	89,364		Jonjee Hi-Tech Industrial And Commercial Holding Co Ltd		437
	31,401		Juewei Food Co Ltd		310
	362,610	*	Juhayna Food Industries		129
	88,946		Kagome Co Ltd		2,293
	16,200	e	Kameda Seika Co Ltd		644
	46,242		Kaveri Seed Co Ltd		360
	174,168		Kellogg Co		11,133
	192,950		Kerry Group plc (Class A)		25,926
	2,786,465		Keurig Dr Pepper, Inc		95,186
	125,797		Kewpie Corp		3,049

72

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	21,500	e	KEY Coffee, Inc	$	416
	2,486,600	*	Khon Kaen Sugar Industry PCL		276
	135,575	e	Kikkoman Corp		11,032
	553,953		Kirin Brewery Co Ltd		10,281
	22,880		Kotobuki Spirits Co Ltd		1,563
	54,159		Kraft Heinz Co		1,994
	129,707		KT&G Corp		8,874
	493,035		Kuala Lumpur Kepong BHD		2,369
	83,885	h	Kweichow Moutai Co Ltd		23,677
	13,776		KWS Saat AG.		1,103
	19,656		La Doria S.p.A		383
	4,984	*,e	Laird Superfood, Inc		95
	310,905		Lamb Weston Holdings, Inc		19,080
	9,119		Lancaster Colony Corp		1,539
	36,840	*	Landec Corp		340
	3,889		Lassonde Industries, Inc		558
	552,800		Leong Hup International BHD		86
	367,132		Leroy Seafood Group ASA		3,035
	1,006,205		Lien Hwa Industrial Corp		2,016
	18,991		Limoneira Co		307
	1,033		Lindt & Spruengli AG.		11,550
	95		Lindt & Spruengli AG. (Registered)		11,203
	4,945		Lotte Chilsung Beverage Co Ltd		610
	1,841		Lotte Confectionery Co Ltd		196
	452		Lotte Samkang Co Ltd		157
	777	e	Lotus Bakeries NV		4,770
	96,623		Luzhou Laojiao Co Ltd		3,316
	516,239		M Dias Branco S.A.		3,132
	3,725		Maeil Dairies Co Ltd		225
	98,545	e	Maple Leaf Foods, Inc		2,003
	382,199		Marfrig Global Foods S.A.		1,801
	28,300		Marudai Food Co Ltd		440
	48,400		Maruha Nichiro Corp		1,146
	20,872		McCormick & Co, Inc		1,691
	56,487		Megmilk Snow Brand Co Ltd		1,161
	101,422		MEIJI Holdings Co Ltd		6,557
	145,688		Mezzan Holding Co KSCC		307
	96,989	e	MGP Ingredients, Inc		6,314
	278,628		Minerva S.A.		535
	47,821	*,e	Mission Produce, Inc		879
	27,000		Mitsui Sugar Co Ltd		488
	197,541		Molson Coors Brewing Co (Class B)		9,162
	5,470,355		Mondelez International, Inc		318,265
	2,811,257	*	Monster Beverage Corp		249,724
	45,979		Morinaga & Co Ltd		1,696
	45,913		Morinaga Milk Industry Co Ltd		2,868
	437,492		Mowi ASA		11,115
	345,137		Muyuan Foodstuff Co Ltd		2,747
	4,713		Nagatanien Co Ltd		89
	157,000		Namchow Chemical Industrial Ltd		276
	50,161	*	National Agriculture Development Co		488
	8,872		National Beverage Corp		466
	35,255		Nestle India Ltd		9,211
	79,114		Nestle Malaysia BHD		2,510
	3,851,786		Nestle S.A.		464,102
	307,305	*	New Hope Liuhe Co Ltd		699

73

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	132,887	*	NewAge, Inc	$	185
	138,792		Nichirei Corp		3,637
	61,797		Nippon Flour Mills Co Ltd		902
	62,932		Nippon Meat Packers, Inc		2,377
	332,159		Nippon Suisan Kaisha Ltd		1,930
	29,222		Nisshin Oillio Group Ltd		796
	200,478		Nisshin Seifun Group, Inc		3,322
	50,878		Nissin Food Products Co Ltd		4,083
	361,568	e	Nissin Foods Co Ltd		280
	3,052		Nong Shim Co Ltd		724
	489,400	g	Nongfu Spring Co Ltd		2,478
	14,854		Norway Royal Salmon ASA		304
	1,624,979	*,e	Oatly Group AB (ADR)		24,570
	83,458		Oceana Group Ltd		369
	109,345		Origin Enterprises plc		408
	22,374		Orion Corp		311
	25,876		Orion Corp/Republic of Korea		2,550
	6,881		Orior AG.		673
	744,897		Orkla ASA		6,837
	984,217		Osotspa PCL		985
	1,484		Ottogi Corp		614
	2,538,803		PepsiCo, Inc		381,861
	377,462		Pernod-Ricard S.A.		83,216
	618		Philip Morris CR		449
	3,032,700		Philip Morris International, Inc		287,470
	67,343	*	Pilgrim’s Pride Corp		1,958
	6,624	*	Post Holdings, Inc		730
	734,441		PPB Group BHD		3,221
	705,353		Premier Foods plc		1,108
	47,966	e	Premium Brands Holdings Corp		4,906
	79,738		Prima Meat Packers Ltd		2,020
	283,172		Primo Water Corp		4,451
	187,138		Primo Water Corp (Toronto)		2,948
	455,300		PT Astra Agro Lestari Tbk		309
	8,041,018		PT Charoen Pokphand Indonesia Tbk		3,590
	577,884		PT Gudang Garam Tbk		1,310
	4,799,809		PT Indofood Sukses Makmur Tbk		2,124
	2,814,700		PT Perusahaan Perkebunan London Sumatra Indonesia Tbk		239
	8,876		Pulmuone Co Ltd		125
	38,843		Qianhe Condiment and Food Co Ltd		117
	1,141,100		QL Resources BHD		1,466
	414,100		R&B Food Supply PCL		236
	72,072		Radico Khaitan Ltd		854
	42,622	e	Remy Cointreau S.A.		8,270
	27,800		Riken Vitamin Co Ltd		467
	697,013	*	RLX Technology, Inc (ADR)		3,151
	113,918	e	Rogers Sugar, Inc		486
	28,540	*	Ros Agro plc (ADR)		428
	10,104		Ros Agro plc (GDR)		150
	68,936		Royal Unibrew A.S.		8,292
	19,994		S Foods, Inc		550
	246,430		Saigon Beer Alcohol Beverage Corp		1,693
	35,055		Sakata Seed Corp		1,099
	68,997		Salmar ASA		4,578
	2,057		Samlip General Foods Co Ltd		132

74

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	3,042		Samyang Corp	$	181
	3,784		Samyang Foods Co Ltd		259
	3,650		Samyang Holdings Corp		341
	90,964		Sanderson Farms, Inc		17,119
	173,907		Sao Martinho S.A.		1,117
	76,386		Sapporo Holdings Ltd		1,753
	281,293		Saputo, Inc		7,153
	19,955	*	Saudi Fisheries Co		300
	15,948		Saudia Dairy & Foodstuff Co		700
	290,723		Savola Group		2,907
	53,509		Scandi Standard AB		319
	153,351	g	Scandinavian Tobacco Group A.S.		3,027
	15,773		Schouw & Co		1,515
	280		Seaboard Corp		1,148
	154,227		Select Harvests Ltd		914
	8,655	*	Seneca Foods Corp		417
	61,131		Shanghai Bairun Investment Holding Group Co Ltd		705
	80,022		Shanxi Xinghuacun Fen Wine Factory Co Ltd		3,899
	24,687	e	Showa Sangyo Co Ltd		617
	34,501		Sichuan Swellfun Co Ltd		675
	1,929,378		Sime Darby Plantation BHD		1,650
	115,729	*	Simply Good Foods Co		3,991
	95,439		SLC Agricola S.A.		799
	1,718,171	g	Smoore International Holdings Ltd		8,001
	406,000		Standard Foods Corp		750
	21,000		Starzen Co Ltd		409
	103,297		Strauss Group Ltd		3,018
	86,495		Suedzucker AG.		1,386
	96,842	*,e	SunOpta, Inc		866
	52,323		Suntory Beverage & Food Ltd		2,169
	4,218,779		Swedish Match AB		36,943
	89,081	*,e	Synlait Milk Ltd		229
	192,000		Taisun Enterprise Co Ltd		185
	464,000	*	Taiwan TEA Corp		346
	163,903		Takara Holdings, Inc		2,362
	376,200		Taokaenoi Food & Marketing PCL		72
	228,230		Tassal Group Ltd		577
	668,647		Tata Tea Ltd		7,307
	568,320		Tate & Lyle plc		5,297
	16,920	*,e	Tattooed Chef, Inc		312
	2,647,603		Thai Union Group PCL		1,698
	381,369		Thai Vegetable Oil PCL (Foreign)		351
	847,400		Thaifoods Group PCL		112
	192,944		Tiger Brands Ltd		2,399
	2,157,301		Tingyi Cayman Islands Holding Corp		4,011
	50,585		Toly Bread Co Ltd		228
	298,039		Tongwei Co Ltd		2,334
	19,108	e	Tootsie Roll Industries, Inc		581
	61,516		Toyo Suisan Kaisha Ltd		2,724
	772,095		Treasury Wine Estates Ltd		6,808
	62,457	*	TreeHouse Foods, Inc		2,491
	591,471		Tsingtao Brewery Co Ltd		4,653
	49,393		Tsingtao Brewery Co Ltd (Class A)		612
	43,000		Ttet Union Corp		242
	26,996		Turning Point Brands, Inc		1,289
	46,083		Tyson Foods, Inc (Class A)		3,638

75

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	164,291		Ulker Biskuvi Sanayi AS	$	353
	1,581,616		Uni-President China Holdings Ltd		1,501
	5,369,384		Uni-President Enterprises Corp		13,118
	353,618		United Malt Grp Ltd		1,030
	108,800		United Plantations BHD		356
	321,156	*	United Spirits Ltd		3,674
	27,977		Universal Corp		1,352
	992,650		Universal Robina		2,645
	103,201	e	Utz Brands, Inc		1,768
	169,711		Varun Beverages Ltd		2,045
	152,336		Vector Group Ltd		1,942
	89,332	*,e	Village Farms International, Inc		746
	5,681		Vilmorin & Cie		337
	450,197		Vina Concha y Toro S.A.		715
	77,480		Viscofan S.A.		5,075
	170,035	*,e	Vital Farms, Inc		2,988
	922,000	e	Vitasoy International Holdings Ltd		2,337
	5,484,694		Want Want China Holdings Ltd		4,141
	212,561		Wei Chuan Food Corp		166
	465,370		Wens Foodstuffs Group Co Ltd		1,040
	8,917,609	g	WH Group Ltd		6,350
	43,928	*	Whole Earth Brands, Inc		507
	1,931,842		Wilmar International Ltd		5,968
	258,742		Wuliangye Yibin Co Ltd		8,757
	123,725		Yakult Honsha Co Ltd		6,263
	196,800	e	Yamazaki Baking Co Ltd		3,422
	519,407	e	Yihai International Holding Ltd		2,895
	94,200		Yihai Kerry Arawana Holdings Co Ltd		1,007
	119,917	*	Yuan Longping High-tech Agriculture Co Ltd		398
	30,200		Yukiguni Maitake Co Ltd		423
	2,566	*,e	Zevia PBC		30
	816,500	e,g	Zhou Hei Ya International Holdings Co Ltd		824
	13,138		Zydus Wellness Ltd		418
			TOTAL FOOD, BEVERAGE & TOBACCO		4,186,878
HEALTH CARE EQUIPMENT & SERVICES - 5.2%
	218,452	*	1Life Healthcare, Inc		4,424
	3,090,985		Abbott Laboratories		365,138
	13,192	*	Abiomed, Inc		4,294
	281,101	*	Acadia Healthcare Co, Inc		17,929
	162,346	*,e	Accelerate Diagnostics, Inc		946
	33,890	*	Accolade, Inc		1,429
	200,676	*	Accuray, Inc		793
	8,853	*,e	Acutus Medical, Inc		78
	82,268	*	AdaptHealth Corp		1,916
	17,329	*	Addus HomeCare Corp		1,382
	221,968		Advanced Medical Solutions Group plc		918
	183,377	*	AGFA-Gevaert NV		844
	59,101	*	Agiliti, Inc		1,125
	78,099	*	agilon health, Inc		2,047
	689,283		Aier Eye Hospital Group Co Ltd		5,681
	506,000	g	AK Medical Holdings Ltd		700
	60,530		Al Hammadi Co for Development and Investment		621
	1,277,375		Alcon, Inc		103,430
	230,300		Alfresa Holdings Corp		3,440
	2,703,829	*	Alibaba Health Information Technology Ltd		3,894

76

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	280,870	*	Align Technology, Inc	$	186,899
	39,625	*,e	Alignment Healthcare, Inc		633
	147,092	*	Allscripts Healthcare Solutions, Inc		1,967
	297,039	*	Alphatec Holdings Inc		3,621
	92,724	g	Ambea AB		679
	168,296		Ambu A.S.		4,977
	37,313	*	Amedisys, Inc		5,563
	212,471	*	American Well Corp		1,936
	134,714		AmerisourceBergen Corp		16,092
	117,682	*	AMN Healthcare Services, Inc		13,504
	323,291		Amplifon S.p.A.		15,365
	16,330	e	Andlauer Healthcare Group, Inc		636
	62,743	*	Angiodynamics, Inc		1,628
	273,833		Ansell Ltd		6,653
	785,490		Anthem, Inc		292,831
	134,882		Apollo Hospitals Enterprise Ltd		8,117
	14,157	*,e	Apollo Medical Holdings, Inc		1,289
	12,967	*	Apria, Inc		482
	12,124	*	Apyx Medical Corp		168
	501,725		Arjo AB		6,179
	17,972		As One Corp		2,621
	771,540		Asahi Intecc Co Ltd		21,131
	34,852	*	Ascom Holding AG.		550
	687,182	*,e	Asensus Surgical, Inc		1,271
	30,712	*,e	Aspira Women’s Health, Inc		100
	129,257	*,g	Aster DM Healthcare Ltd		359
	180,303	*	AtriCure, Inc		12,540
	503		Atrion Corp		351
	124,900	*,g	Attendo AB		539
	445,304		Australian Pharmaceutical Industries Ltd		475
	15,368		Autobio Diagnostics Co Ltd		127
	162,667	*	Avanos Medical, Inc		5,075
	227,678	*,e	Aveanna Healthcare Holdings, Inc		1,826
	12,423	*	AxoGen, Inc		196
	152,983	*	Axonics Modulation Technologies, Inc		9,958
	18,869	*,e	Bactiguard Holding AB		347
	1,183,756		Bangkok Chain Hospital PCL		743
	4,801,271		Bangkok Dusit Medical Services PCL (Foreign)		3,193
	1,022,705		Baxter International, Inc		82,256
	59,570		Becton Dickinson & Co		14,643
	96,000	*	Beijing Chunlizhengda Medical Instruments Co Ltd		205
	10,244	*,e	Biodesix, Inc		84
	109,431	*	BioLife Solutions Inc		4,631
	52,891		BioMerieux		6,018
	5,206	*,e	Bioventus, Inc		74
	27,045		BML, Inc		1,026
	15,519		Boditech Med, Inc		234
	3,514,738	*	Boston Scientific Corp		152,504
	211,881	*	Brookdale Senior Living, Inc		1,335
	236,538		Bumrungrad Hospital PCL (Foreign)		982
	444,467	*,e	Butterfly Network, Inc		4,640
	267,826		Cardinal Health, Inc		13,247
	13,946	*	Cardiovascular Systems, Inc		458
	379,600	*	Carenet, Inc		4,720
	85,966		Carl Zeiss Meditec AG.		16,467
	15,333	*	Castle Biosciences, Inc		1,020

77

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	155,570	*	Castlight Health, Inc	$	244
	18,182		Cellavision AB		813
	55,290	*	Celltrion Healthcare Co Ltd		5,057
	941,432	*	Centene Corp		58,661
	271,758		Cerner Corp		19,164
	97,582	*	Certara, Inc		3,230
	110,689	*	Cerus Corp		674
	37,565	*	Chabiotech Co Ltd		687
	237,108	*	Change Healthcare, Inc		4,965
	14,484		Chemed Corp		6,737
	70,492		China National Medicines Corp Ltd		319
	793,000		China Resources Phoenix Healthcare Holdings Co Ltd		640
	4,300,374		Chularat Hospital PCL		475
	1,412,950		Cigna Corp		282,816
	8,677	*,e	ClearPoint Neuro, Inc		154
	870,874	*	Cleopatra Hospital		248
	596,000		C-Mer Eye Care Holdings Ltd		610
	182,404		Cochlear Ltd		28,539
	83,392		Coloplast AS		13,039
	6,384		Coltene Holding AG.		814
	485,739	*	Community Health Systems, Inc		5,683
	32,243		CompuGroup Medical SE & Co KgaA		2,655
	17,308	*,e	Computer Programs & Systems, Inc		614
	25,576		Conmed Corp		3,346
	1,957,401	g	ConvaTec Group plc		5,697
	3,282	*	Convey Holding Parent, Inc		28
	102,430		Cooper Cos, Inc		42,335
	3,267	*	Corvel Corp		608
	188,601	*	Covetrus, Inc		3,421
	34,913		Craneware plc		1,138
	147,057	*	Cross Country Healthcare, Inc		3,123
	37,271	*	CryoLife, Inc		831
	53,818	*,e	CryoPort, Inc		3,579
	119,022	*	Cutera, Inc		5,546
	2,089	*	CVRx, Inc		35
	122,044	*	CVS Group plc		3,964
	1,539,174		CVS Health Corp		130,614
	126,031	*,e	CYBERDYNE, Inc		491
	19,577	*,e	CytoSorbents Corp		159
	31,421		Dallah Healthcare Co		591
	1,340,905		Danaher Corp		408,225
	19,961	*,e	DarioHealth Corp		272
	63,571	*	DaVita, Inc		7,391
	20,944	*	Demant A.S.		1,055
	400,000	*,e	dentalcorp Holdings Ltd		5,233
	6,745		Dentium Co Ltd		432
	271,444		Dentsply Sirona, Inc		15,757
	514,637	*	DexCom, Inc		281,434
	43,250		DiaSorin S.p.A.		9,057
	10,662	*	DIO Corp		375
	33,016	g	Dr Lal PathLabs Ltd		1,630
	165,665		Dr Sulaiman Al Habib Medical Services Group Co		7,675
	21,275		Draegerwerk AG.		1,744
	4,081		Draegerwerk AG. & Co KGaA		317
	17,320		Eckert & Ziegler Strahlen- und Medizintechnik AG.		2,229
	571,788	*	Edwards Lifesciences Corp		64,732

78

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	34,700		Eiken Chemical Co Ltd	$	651
	57,573		El.En. S.p.A		942
	40,138		Elan Corp		466
	447,899	e	Elekta AB (B Shares)		5,016
	56,500		EM Systems Co Ltd		406
	71,629		EMIS Group plc		1,344
	148,904		Encompass Health Corp		11,174
	36,561		Ensign Group, Inc		2,738
	693,176	*	Envista Holdings Corp		28,982
	6,983	*	Eoflow Co Ltd		305
	71,433	*	Establishment Labs Holdings, Inc		5,113
	266,046	*	Evolent Health, Inc		8,247
	12,050	*,e	Exagen, Inc		164
	98,517	e	Extendicare, Inc		571
	83,419		Fagron NV		1,629
	32,951	*,e	Figs, Inc		1,224
	675,634		Fisher & Paykel Healthcare Corp		14,861
	180,706		Fleury S.A.		734
	10,822	*,e	Forian, Inc		112
	452,475	*	Fortis Healthcare Ltd		1,599
	246,667		Fresenius Medical Care AG.		17,302
	441,497		Fresenius SE		21,132
	21,675	*,e	Fulgent Genetics, Inc		1,950
	60,912	g	Galenica AG.		4,297
	945,675	g	Genertec Universal Medical Group Company Limited		739
	426,381		Getinge AB (B Shares)		16,999
	64,150		Ginko International Co Ltd		422
	17,846	*	Glaukos Corp		860
	51,864	*	Globus Medical, Inc		3,974
	159,772		GN Store Nord		11,050
	11,438		Guangzhou Kingmed Diagnostics Group Co Ltd		181
	11,099		Guangzhou Wondfo Biotech Co Ltd		74
	602,654	*	Guardant Health, Inc		75,338
	6,455		Guerbet		317
	108,567	g	GVS S.p.A		1,541
	32,953	*	Haemonetics Corp		2,326
	12,868	*	Hanger Inc		283
	695,966	g	Hapvida Participacoes e Investimentos S.A.		1,737
	7,537,982		Hartalega Holdings BHD		11,073
	561,010		HCA Healthcare, Inc		136,168
	632,116		Healius Ltd		2,158
	42,696	*	Health Catalyst, Inc		2,135
	140,843	*,e	HealthEquity, Inc		9,121
	39,930	*	HealthStream, Inc		1,141
	134,687	*	Henry Schein, Inc		10,258
	13,431	*,e	Heska Corp		3,472
	39,023		Hill-Rom Holdings, Inc		5,853
	78,579	*	HLB Life Science CO Ltd		1,222
	25,421		HLS Therapeutics, Inc		370
	29,200		Hogy Medical Co Ltd		834
	122,418	*	Hologic, Inc		9,036
	606,373	*	Hoya Corp		94,606
	101,378		Huadong Medicine Co Ltd		465
	298,717		Humana, Inc		116,246
	11,717	*	iCAD, Inc		126
	2,177	*	ICU Medical, Inc		508

79

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	150,011	*	IDEXX Laboratories, Inc	$	93,292
	1,369,689		IHH Healthcare BHD		2,192
	23,312	*	Implantica AG.		244
	119,879	*	Inari Medical, Inc		9,722
	20,714	*	InfuSystem Holdings, Inc		270
	30,322	*	Inmode Ltd		4,835
	49,049	*	Innovage Holding Corp		324
	6,767	*	Inogen, Inc		292
	423,735	*	Inovalon Holdings, Inc		17,072
	20,416	*	Inspire Medical Systems, Inc		4,754
	49,883		Instituto Hermes Pardini S.A.		207
	71,666	*	Insulet Corp		20,370
	23,784		Intco Medical Technology Co Ltd		216
	39,378	*	Integer Holding Corp		3,518
	7,400	*	Integra LifeSciences Holdings Corp		507
	192,760		Integral Diagnostics Ltd		685
	99,696	*	Intersect ENT, Inc		2,712
	182,286	*,n	Intuitive Surgical, Inc		181,220
	45,157	*	Invacare Corp		215
	24,363		Ion Beam Applications		536
	11,839	*	iRadimed Corp		398
	19,676	*	iRhythm Technologies, Inc		1,152
	793,000		IVD Medical Holding Ltd		311
	43,944		Jafron Biomedical Co Ltd		398
	75,000		Japan Lifeline Co Ltd		921
	16,200		Japan Medical Dynamic Marketing, Inc		325
	43,588		Jeol Ltd		3,174
	17,050		Jiangsu Yuyue Medical Equipment & Supply Co Ltd		85
	833,109	*,e,g	Jinxin Fertility Group Ltd		1,236
	31,500	*	JMDC, Inc		2,152
	29,548	*	Joint Corp		2,896
	139,868		Jointown Pharmaceutical Group Co Ltd		335
	325,500	e	Kangji Medical Holdings Ltd		432
	1,193,607		Koninklijke Philips Electronics NV		53,028
	90,233		Korian-Medica		3,155
	497,849		Kossan Rubber Industries		275
	1,952,528		KPJ Healthcare BHD		541
	101,083	*	Laboratory Corp of America Holdings		28,449
	439,101	*	Lantheus Holdings, Inc		11,276
	5,499		Le Noble Age		324
	6,500		LeMaitre Vascular, Inc		345
	23,113		Lepu Medical Technology Beijing Co Ltd		96
	23,004	*	LHC Group, Inc		3,610
	14,930,977	*	Life Healthcare Group Holdings Pte Ltd		22,597
	29,607	*	LifeStance Health Group, Inc		429
	3,640,000	*,e	Lifetech Scientific Corp		1,898
	66,205	*	LivaNova plc		5,243
	394,216		M3, Inc		28,095
	38,556	*	Magellan Health Services, Inc		3,645
	90,763		Mani, Inc		1,731
	21,326	*	Masimo Corp		5,773
	289,645	*	Max Healthcare Institute Ltd		1,397
	179,702		McKesson Corp		35,829
	9,004	*,g	Medacta Group S.A.		1,405
	4,706	*,g	Medartis Holding AG.		549
	28,200		Medical Data Vision Co Ltd		390

80

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	137,262		Medicare Group	$	306
	252,932		Mediceo Paltac Holdings Co Ltd		4,760
	489,845	*	Mediclinic International plc		2,062
	13,780	*	Medios AG.		584
	14,806	*	Medipost Co Ltd		295
	25,200	*	Medley, Inc		933
	22,085	*,g	Medmix AG.		1,043
	57,120	*	MEDNAX, Inc		1,624
	82,900	*,e	MedPeer, Inc		2,813
	442,300		Medtecs International Corp Ltd		125
	5,066,212		Medtronic plc		635,050
	158,408	*	Meinian Onehealth Healthcare Holdings Co Ltd		182
	70,284		Menicon Co Ltd		2,737
	4,212	*	Mercator Medical S.A.		157
	181,236	*	Meridian Bioscience, Inc		3,487
	36,040	*,e	Merit Medical Systems, Inc		2,588
	5,674		Mesa Laboratories, Inc		1,716
	217		Metall Zug AG.(B Shares)		460
	11,419,300	*	Metro Healthcare Indonesia TBK PT		344
	25,613	g	Metropolis Healthcare Ltd		929
	939,195		Microport Scientific Corp		5,266
	38,192	*	Middle East Healthcare Co		386
	64,400		Miraca Holdings, Inc		1,749
	22,281	*	Misonix Inc		564
	241,260	*	Mister Spex SE		5,424
	84,996	*,g	MLP Saglik Hizmetleri AS.		263
	33,135	*	ModivCare, Inc		6,018
	88,576	*	Molina Healthcare, Inc		24,032
	104,448		Mouwasat Medical Services Co		5,023
	234,199	*,e	Multiplan Corp		1,319
	28,636		Nagaileben Co Ltd		672
	87,522		Nakanishi, Inc		1,993
	316,245	*	Nanosonics Ltd		1,416
	42,574	*,e	Nano-X Imaging Ltd		958
	66,465	*,e	NantHealth, Inc		107
	70,976	*	Narayana Hrudayalaya Ltd		479
	14,671		National Healthcare Corp		1,027
	21,742		National Medical Care Co		362
	5,023		National Research Corp		212
	73,757	*	Natus Medical, Inc		1,850
	439,815	*	Neogen Corp		19,101
	1,072,587	*	Network Healthcare Holdings Ltd		1,154
	2,002		Neuca S.A.		455
	14,204	*,e	Neuronetics, Inc		93
	3,448	*	NeuroPace, Inc		55
	255,685	*	Nevro Corp		29,757
	66,458	*	NextGen Healthcare, Inc		937
	96,877		Nihon Kohden Corp		3,293
	162,252		Nipro Corp		1,683
	159,379	*,†	NMC Health plc		2
	14,098	g	NNIT A.S.		268
	336,250		Notre Dame Intermedica Participacoes S.A.		4,607
	115,287	*,e	Novocure Ltd		13,393
	74,610	*,e	NuVasive, Inc		4,465
	424,056	*,e	Oak Street Health, Inc		18,035
	872,467		Oceania Healthcare Ltd		892

81

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	259,775		Odontoprev S.A.	$	785
	1,234,538		Olympus Corp		27,022
	84,019	*	Omnicell, Inc		12,471
	6,410	*,e	Ontrak, Inc		64
	14,236	*	OptimizeRx Corp		1,218
	828,202	*,e	Option Care Health, Inc		20,092
	83,735	*	OraSure Technologies, Inc		947
	130,251	e	Oriola-KD Oyj (B Shares)		268
	77,924		Orpea		9,060
	434,195	*	Ortho Clinical Diagnostics Holdings plc		8,024
	65,542	*	Orthofix Medical Inc		2,498
	5,046	*	OrthoPediatrics Corp		331
	34,561		Osstem Implant Co Ltd		3,868
	31,837	*	Outset Medical, Inc		1,574
	24,066		Ovctek China, Inc		305
	171,549		Owens & Minor, Inc		5,368
	42,844		Paramount Bed Holdings Co Ltd		854
	375,634		Patterson Cos, Inc		11,322
	416,941	*,e	PAVmed, Inc		3,561
	27,000		Pegavision Corp		501
	168,000	*,g	Peijia Medical Ltd		440
	14,957	*	Pennant Group, Inc		420
	18,391	*	Penumbra, Inc		4,901
	9,412	*,e	PetIQ, Inc		235
	4,071		Pharmagest Inter@ctive		450
	100,142	*	Phreesia, Inc		6,179
	79,000	*,†	Pihsiang Machinery Manufacturing Co Ltd		0	^
	307,459	*,e,g	Ping An Healthcare and Technology Co Ltd		2,004
	20,924		Poly Medicure Ltd		260
	745,225	*,e	PolyNovo Ltd		1,017
	113,420		Premier, Inc		4,396
	178,331	*	Privia Health Group, Inc		4,201
	55,442		Pro Medicus Ltd		2,151
	76,938	*	Progyny, Inc		4,309
	27,474	*,e	Pulmonx Corp		989
	6,019	*,e	Pulse Biosciences, Inc		130
	221,463		Qualicorp S.A.		813
	139,380		Quest Diagnostics, Inc		20,253
	5,436	*	Quidel Corp		767
	42,717	*	Quotient Ltd		100
	713,414	*,e	R1 RCM, Inc		15,702
	56,100	*	RadNet, Inc		1,644
	1,352,199		Raffles Medical Group Ltd		1,448
	322,020		Ramsay Health Care Ltd		15,958
	345,700	g	Rede D’Or Sao Luiz S.A.		4,311
	53,619	*	Renalytix AI plc		524
	17,487		Resmed, Inc		4,609
	7,735	*,e	Retractable Technologies, Inc		85
	28,670		Revenio Group Oyj		1,818
	515,600	e	Riverstone Holdings Ltd		336
	2,124	*,e	RxSight, Inc		27
	247,168		Ryman Healthcare Ltd		2,572
	31,903		Sartorius AG.		20,310
	41,541		Saudi Chemical Co		454
	60,322	*	Schrodinger, Inc		3,298
	23,575	*	SeaSpine Holdings Corp		371

82

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	73,157	*	Sedana Medical AB	$	846
	435,115		Select Medical Holdings Corp		15,738
	779,634	*,e	Senseonics Holdings, Inc		2,643
	10,707		Shandong Pharmaceutical Glass Co Ltd		49
	1,630,682		Shandong Weigao Group Medical Polymer Co Ltd		2,894
	37,941	e	Shanghai Kindly Medical Instruments Co Ltd		102
	76,832		Shanghai Pharmaceuticals Holding Co Ltd		227
	533,027		Shanghai Pharmaceuticals Holding Co Ltd (Hong Kong)		1,033
	18,089	*	Sharps Compliance Corp		150
	46,522		Shenzhen Mindray Bio-Medical Electronics Co Ltd		2,777
	93,436		Ship Healthcare Holdings, Inc		2,407
	56,994	*	Shockwave Medical Inc		11,734
	70,498	*	SI-BONE, Inc		1,510
	478,063	g	Siemens Healthineers AG.		31,005
	81,957	e	Sienna Senior Living, Inc		930
	73,647	*,e	Sientra, Inc		422
	5,072	*,e	Sight Sciences, Inc		115
	1,016,691		Sigma Healthcare Ltd		456
	71,529	*,e	Signify Health, Inc		1,278
	34,640	*	Silk Road Medical Inc		1,906
	5,575	e	Simulations Plus, Inc		220
	896,187		Sinopharm Group Co		2,349
	1,504,438		Smith & Nephew plc		25,918
	41,098	*	SOC Telemed, Inc		93
	1,300		Software Service, Inc		93
	60,000		Solasto Corp		809
	4,973	*,e	Soliton Inc		101
	1,061,782		Sonic Healthcare Ltd		30,685
	70,653		Sonova Holdings AG		26,700
	346,931	*,g	Spire Healthcare Group plc		963
	499,100		Sri Trang Gloves Thailand PCL		461
	48,000		St. Shine Optical Co Ltd		517
	51,151	*	Staar Surgical Co		6,574
	20,737	*	Stereotaxis, Inc		112
	106,590		STERIS plc		21,774
	9,581		STRATEC Biomedical AG.		1,358
	16,929		Straumann Holding AG.		30,361
	173,194		Stryker Corp		45,675
	5,389		Suheung Capsule Co Ltd		234
	270,820		Summerset Group Holdings Ltd		2,832
	725,860		Supermax Corp BHD		414
	34,288	*	Surgery Partners, Inc		1,452
	4,627	*	SurModics, Inc		257
	81,700		Suzuken Co Ltd		2,390
	692,313		Sysmex Corp		85,991
	7,632	*	Tabula Rasa HealthCare, Inc		200
	107,290	*	Tactile Systems Technology, Inc		4,769
	55,000		TaiDoc Technology Corp		351
	44,127	e	Taiko Pharmaceutical Co Ltd		360
	21,730	*,e	Talis Biomedical Corp		136
	117,326	*	Tandem Diabetes Care, Inc		14,006
	133,965	*	Teladoc, Inc		16,988
	51,702		Teleflex, Inc		19,468
	264,989	*	Tenet Healthcare Corp		17,606
	957,656		Terumo Corp		45,219

83

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	399,311		Thonburi Healthcare Group PCL	$	387
	18,937	g	Thyrocare Technologies Ltd		296
	30,706	*	Tivity Health, Inc		708
	165,730		Toho Pharmaceutical Co Ltd		2,692
	27,209		Tokai Corp (GIFU)		534
	3,234,386		Top Glove Corp BHD		2,225
	12,080	*	Topchoice Medical Corp		565
	58,957	*,e	Transmedics Group, Inc		1,951
	5,004	*	Treace Medical Concepts, Inc		135
	27,037	*,e	Triple-S Management Corp (Class B)		956
	284,977		Uniphar plc		1,373
	2,126,482		UnitedHealth Group, Inc		830,902
	67,074		Universal Health Services, Inc (Class B)		9,281
	39,000		Universal Vision Biotechnology Co Ltd		429
	4,805		US Physical Therapy, Inc		531
	5,140		Utah Medical Products, Inc		477
	7,399		Value Added Technologies Co Ltd		253
	8,212	*,e	Vapotherm, Inc		183
	94,476	*	Varex Imaging Corp		2,664
	259,982	*	Veeva Systems, Inc		74,919
	152,500	*,e,g	Venus MedTech Hangzhou, Inc		782
	43,130	*,e	Viemed Healthcare, Inc		239
	7,354		Vieworks Co Ltd		247
	333,467	*	ViewRay, Inc		2,404
	11,856	*	Vocera Communications, Inc		543
	203,387	*,e	Well Health Technologies Corp		1,137
	286,231		West Pharmaceutical Services, Inc		121,517
	96,872		Winning Health Technology Group Co Ltd		217
	177,693	*	Xvivo Perfusion AB		7,845
	4,217		Ypsomed Holding AG.		694
	1,695,768		Zimmer Biomet Holdings, Inc		248,193
	8,229	*,e	Zynex Inc		94
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		6,982,917
HOUSEHOLD & PERSONAL PRODUCTS - 1.4%
	9,150		Aekyung Industrial Co Ltd		174
	277,091		Amorepacific Corp		41,447
	94,114		Bajaj Corp Ltd		318
	256,391	*,e	Beauty Health Co		6,658
	304,977		Beiersdorf AG.		32,907
	326,182	*	BellRing Brands, Inc		10,030
	5,499,000	*,†,e	Best World International Ltd		2,754
	17,637		Blackmores Ltd		1,194
	371,062		BWX Ltd		1,299
	119,197		By-health Co Ltd		521
	74,040		C&S Paper Co Ltd		197
	9,345	*,e	Central Garden & Pet Co		449
	119,786	*	Central Garden and Pet Co (Class A)		5,151
	48,000		Chlitina Holding Ltd		340
	20,872		Church & Dwight Co, Inc		1,723
	21,827		Clorox Co		3,615
	634,137		Colgate-Palmolive Co		47,928
	139,114		Colgate-Palmolive India Ltd		3,121
	8,181	*	Cosmax, Inc		849
	33,010	*,e	Coty, Inc		259
	693,896		Dabur India Ltd		5,758

84

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	19,430		Earth Chemical Co Ltd	$	1,186
	64,392		Edgewell Personal Care Co		2,337
	707,401	*	elf Beauty, Inc		20,550
	206,378		Emami Ltd		1,592
	114,730		Energizer Holdings, Inc		4,480
	295,079		Essity AB		9,152
	758,921		Estee Lauder Cos (Class A)		227,623
	127,400	*,e	Euglena Co Ltd		996
	162,684		Fancl Corp		5,369
	5,494		Gillette India Ltd		437
	401,740	*	Godrej Consumer Products Ltd		5,557
	112,000		Grape King Industrial Co		649
	719,136		Hengan International Group Co Ltd		3,835
	152,952		Henkel KGaA		13,158
	178,065		Henkel KGaA (Preference)		16,473
	12,092	*	Herbalife Nutrition Ltd		512
	908,028		Hindustan Lever Ltd		33,018
	17,468	*,e	Honest Co, Inc		181
	32,386	*,e	Hyundai Bioscience Co Ltd		948
	6,734,418		Industri Jamu Dan Farmasi Sido Muncul Tbk PT		362
	22,227		Inter Parfums S.A.		1,399
	14,648		Inter Parfums, Inc		1,095
	48,975	g	Jamieson Wellness, Inc		1,401
	155,100		Jyothy Laboratories Ltd		351
	520,969		Kao Corp		31,005
	211,347		Kimberly-Clark Corp		27,991
	1,638,218	e	Kimberly-Clark de Mexico S.A. de C.V. (Class A)		2,698
	71,490	e	Kitanotatsujin Corp		299
	9,760		Kobayashi Pharmaceutical Co Ltd		774
	11,526		Kolmar BNH Co Ltd		337
	13,541		Kolmar Korea Co Ltd		504
	10,341		Korea Kolmar Holdings Co Ltd		192
	26,168		Kose Corp		3,130
	19,107		LG Household & Health Care Ltd		21,542
	2,431		LG Household & Health Care Ltd (Preference)		1,313
	164,550		Lion Corp		2,661
	370,209		L’Oreal S.A.		153,194
	50,672		Mandom Corp		727
	585,002		Marico Ltd		4,317
	32,457		Medifast, Inc		6,253
	301,532	*	Microbio Co Ltd		576
	29,998		Milbon Co Ltd		1,838
	969,964	*	Natura & Co Holding S.A.		8,117
	14,294		Nature’s Sunshine Products, Inc		209
	19,500		Noevir Holdings Co Ltd		930
	78,030		Nu Skin Enterprises, Inc (Class A)		3,158
	6,118		Oil-Dri Corp of America		214
	236,650	*	Olaplex Holdings, Inc		4,970
	76,509	*,e	Ontex Group NV		817
	89,744		Pacific Corp		3,686
	87,761		Pigeon Corp		2,040
	201,065		Pola Orbis Holdings, Inc		4,628
	4,000	*,e	Premier Anti-Aging Co Ltd		480
	4,628,756		Procter & Gamble Co		647,100
	9,398		Proya Cosmetics Co Ltd		252
	8,914,810		PT Unilever Indonesia Tbk		2,459

85

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	526,466		PZ Cussons plc	$	1,600
	1,034,622		Reckitt Benckiser Group plc		81,280
	107,671	*	Revlon, Inc (Class A)		1,089
	54,466		Reynolds Consumer Products, Inc		1,489
	116,945		Rohto Pharmaceutical Co Ltd		3,587
	42,591		Sarantis S.A.		438
	53,153		Shanghai Jahwa United Co Ltd		360
	13,400	e	Shinnihonseiyaku Co Ltd		226
	744,926		Shiseido Co Ltd		50,066
	269,567		Spectrum Brands Holdings, Inc		25,789
	21,100		ST Corp		336
	101,128		TCI Co Ltd		820
	364,099		Uni-Charm Corp		16,134
	2,862,853		Unilever plc		154,990
	57,792		Unilever plc		3,123
	47,243	*	USANA Health Sciences, Inc		4,356
	390,733	*,e	Veru, Inc		3,333
	425,536	e	Vinda International Holdings Ltd		1,257
	5,202		WD-40 Co		1,204
	34,100		YA-MAN Ltd		414
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		1,809,655
INSURANCE - 2.2%
	37,966		Admiral Group plc		1,586
	371,791		Aegon NV		1,919
	787,232		Aflac, Inc		41,038
	35,051		Ageas		1,736
	14,705,722		AIA Group Ltd		169,181
	17,927	*	Al Rajhi Co for Co-operative Insurance		449
	16,882	*	Alleghany Corp		10,541
	312,794		Allianz AG.		70,080
	522,955		Allstate Corp		66,577
	127,973		Alm Brand AS		895
	52,648	*	AMBAC Financial Group, Inc		754
	191,759		American Equity Investment Life Holding Co		5,670
	110,700		American Financial Group, Inc		13,929
	3,353,840		American International Group, Inc		184,092
	8,732		American National Group, Inc		1,651
	22,458		Amerisafe, Inc		1,261
	180,312		Anadolu Sigorta		122
	90,800	*	Anicom Holdings, Inc		767
	273,062		Aon plc		78,033
	423,815	*	Arch Capital Group Ltd		16,181
	37,832		Argo Group International Holdings Ltd		1,976
	230,925		Arthur J. Gallagher & Co		34,327
	171,717		ASR Nederland NV		7,855
	727,515		Assicurazioni Generali S.p.A.		15,408
	68,907		Assurant, Inc		10,870
	82,284		Assured Guaranty Ltd		3,852
	246,967	*	Athene Holding Ltd		17,009
	93,194		AUB Group Ltd		1,581
	5,044,337		Aviva plc		26,734
	2,121,540		AXA S.A.		58,795
	122,340		Axis Capital Holdings Ltd		5,633
	9,213		Baloise Holding AG.		1,398
	609,000		Bangkok Life Assurance PCL		519

86

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	767,146		BB Seguridade Participacoes S.A.	$	2,810
	2,411,379	*	Beazley plc		12,321
	407,279	*,e	Bright Health Group, Inc		3,323
	99,770	*	Brighthouse Financial, Inc		4,513
	10,962		Brookfield Asset Management Reinsurance Partners Ltd		608
	380,941		Brown & Brown, Inc		21,123
	106,189	*	BRP Group, Inc		3,535
	65,595		Bupa Arabia for Cooperative Insurance Co		2,609
	8,845,807		Cathay Financial Holding Co Ltd		18,238
	9,169,625		China Development Financial Holding Corp		4,637
	2,029,332		China Insurance International Holdings Co Ltd		3,071
	8,465,790		China Life Insurance Co Ltd		13,844
	202,175		China Life Insurance Co Ltd (Class A)		929
	2,106,437		China Life Insurance Co Ltd (Taiwan)		2,183
	480,600		China Pacific Insurance Group Co Ltd		2,008
	3,048,009		China Pacific Insurance Group Co Ltd (Hong Kong)		9,051
	1,291,839	e	Chubb Ltd		224,108
	169,515		Cincinnati Financial Corp		19,362
	60,528	*,e	Citizens, Inc (Class A)		376
	75,709	*	Clal Insurance		1,613
	34,297		CNA Financial Corp		1,439
	28,720		CNP Assurances		453
	68,070		Co for Cooperative Insurance		1,570
	151,133		Conseco, Inc		3,558
	3,630,000	*,†,e	Convoy Global Holdings Ltd		5
	27,639		Crawford & Co		248
	908,862		Dai-ichi Mutual Life Insurance Co		19,878
	263,756		Direct Line Insurance Group plc		1,029
	452,227	*	Discovery Holdings Ltd		4,132
	20,178		Donegal Group, Inc (Class A)		292
	52,455		Dongbu Insurance Co Ltd		2,807
	23,143	*	eHealth, Inc		937
	33,032		Employers Holdings, Inc		1,304
	14,732	*,e	Enstar Group Ltd		3,458
	29,309		Erie Indemnity Co (Class A)		5,229
	186,751		Everest Re Group Ltd		46,833
	31,720		Fairfax Financial Holdings Ltd		12,805
	40,726	e	Fanhua, Inc (ADR)		490
	303,664		Fidelity National Financial Inc		13,768
	159,163		First American Financial Corp		10,672
	8,428,174		Fubon Financial Holding Co Ltd		23,033
	594,424	*	Genworth Financial, Inc (Class A)		2,229
	247,956		Gjensidige Forsikring BA		5,492
	118,178		Globe Life, Inc		10,521
	74,194	*	GoHealth, Inc		373
	18,892		Goosehead Insurance, Inc		2,877
	338,156		Great-West Lifeco, Inc		10,289
	36,307	*	Greenlight Capital Re Ltd (Class A)		268
	51,175		Grupo Catalana Occidente S.A.		1,867
	11,463		Hannover Rueckversicherung AG.		1,996
	41,886	e	Hanover Insurance Group, Inc		5,429
	1,262,362		Hanwha Life Insurance Co Ltd		3,820
	238,805		Harel Insurance Investments & Finances Ltd		2,463
	865,868		Hartford Financial Services Group, Inc		60,827
	6,565	e	HCI Group, Inc		727
	899,402	g	HDFC Life Insurance Co Ltd		8,733

87

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	45,143		Helvetia Holding AG.	$	4,897
	218,291		Heritage Insurance Holdings, Inc		1,487
	420,350		Hiscox Ltd		4,738
	49,276		Horace Mann Educators Corp		1,961
	255,749		Hubei Biocause Pharmaceutical Co Ltd		132
	56,983		Hyundai Marine & Fire Insurance Co Ltd		1,218
	130,422		iA Financial Corp, Inc		7,399
	350,963	g	ICICI Lombard General Insurance Co Ltd		7,496
	400,769	g	ICICI Prudential Life Insurance Co Ltd		3,618
	13,525		IDI Insurance Co Ltd		473
	5,731		Independence Holding Co		284
	2,663,123		Insurance Australia Group Ltd		9,300
	211,588		Intact Financial Corp		27,978
	1,340		Investors Title Co		245
	922,900	*	IRB Brasil Resseguros S		802
	37,990		James River Group Holdings Ltd		1,433
	1,606,300		Japan Post Holdings Co Ltd		13,502
	246,400		Japan Post Insurance Co Ltd		4,469
	1,296,213	*	Just Retirement Group plc		1,580
	70,933		Kemper Corp		4,738
	33,355		Kinsale Capital Group, Inc		5,393
	76,834		Korean Reinsurance Co		616
	286,379		Lancashire Holdings Ltd		2,157
	5,132,806		Legal & General Group plc		19,284
	42,993	*,e	Lemonade, Inc		2,881
	128,040	*	Liberty Holdings Ltd		799
	53,700	*	Lifenet Insurance Co		602
	509,127		Lincoln National Corp		35,002
	765,498		Linea Directa Aseguradora S.A. Cia de Seguros y Reaseguros		1,510
	246,484		Loews Corp		13,293
	93,117	*,e	Maiden Holdings Ltd		294
	2,367,567		Manulife Financial Corp (Toronto)		45,572
	1,331,878		Mapfre S.A.		2,903
	14,956	*	Markel Corp		17,874
	1,586,863		Marsh & McLennan Cos, Inc		240,299
	205,870	*	Max Financial Services Ltd		2,806
	57,562	*	MBIA, Inc		740
	4,017,350		Medibank Pvt Ltd		10,257
	28,584		Menorah Mivtachim Holdings Ltd		590
	318,518		Mercuries & Associates Holding Ltd		294
	3,254,198	*	Mercuries Life Insurance Co Lt		1,084
	31,901		Mercury General Corp		1,776
	47,379		Meritz Fire & Marine Insurance Co Ltd		1,212
	1,485,241		Metlife, Inc		91,684
	48,335	*,e	MetroMile, Inc		172
	490,858	*	Migdal Insurance Holdings Ltd		719
	57,613		Mirae Asset Life Insurance Co Ltd		238
	1,029,311	e	Momentum Metropolitan Holdings		1,428
	362,926		MS&AD Insurance Group Holdings Inc		12,139
	28,512		Muenchener Rueckver AG.		7,780
	2,951		National Western Life Group, Inc		621
	164,165		New China Life Insurance Co Ltd		1,016
	1,126,065		New China Life insurance Co Ltd (Hong Kong)		3,315
	11,878	*	NI Holdings, Inc		209
	566,140		nib holdings Ltd		2,789

88

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	255,231		NN Group NV	$	13,370
	5,334,223		Old Mutual Ltd		5,870
	327,093	e	Old Republic International Corp		7,566
	8,833	*	Palomar Holdings, Inc		714
	10,625,388		People’s Insurance Co Group of China Ltd		3,297
	548,515		People’s Insurance Co Group of China Ltd (Class A)		429
	651,830		Phoenix Group Holdings plc		5,635
	183,622		Phoenix Holdings Ltd		2,092
	8,079,556		PICC Property & Casualty Co Ltd		7,838
	9,335,476		Ping An Insurance Group Co of China Ltd		63,849
	1,834,316		Ping An Insurance Group Co of China Ltd (Class A)		13,678
	455,911	g	Poste Italiane S.p.A		6,261
	679,990	e	Power Corp Of Canada		22,414
	677,263		Powszechny Zaklad Ubezpieczen S.A.		6,196
	44,224		Primerica, Inc		6,794
	299,283		Principal Financial Group		19,274
	94,093		ProAssurance Corp		2,238
	718,765		Progressive Corp		64,969
	74,915		Protector Forsikring ASA		754
	961,051		Prudential Financial, Inc		101,103
	1,999,235		Prudential plc		38,796
	10,234,300	*	PT Panin Life Tbk		128
	1,549,819	*	Qatar Insurance Co SAQ		1,024
	1,608,424		QBE Insurance Group Ltd		13,250
	164,565	e	Qualitas Controladora SAB de C.V.		754
	503,180		Rand Merchant Investment Holdings Ltd		1,256
	78,857		Reinsurance Group of America, Inc (Class A)		8,774
	66,361		RenaissanceRe Holdings Ltd		9,251
	17,250	e	RLI Corp		1,730
	195,320	*,e	Ryan Specialty Group Holdings, Inc		6,615
	314,657	g	Sabre Insurance Group plc		925
	25,285		Safety Insurance Group, Inc		2,004
	139,224	*	Saga plc		660
	320,810		Sampo Oyj (A Shares)		15,861
	34,840		Samsung Fire & Marine Insurance Co Ltd		6,884
	79,223		Samsung Life Insurance Co Ltd		4,860
	2,051,312		Sanlam Ltd		8,707
	39,468		Santam Ltd		639
	503,812	g	SBI Life Insurance Co Ltd		8,242
	30,934		SCOR SE		891
	95,182	e	Selective Insurance Group, Inc		7,189
	317,409	*	Selectquote, Inc		4,104
	13,584,866		Shin Kong Financial Holding Co Ltd		4,514
	176,564		Shinkong Insurance Co Ltd		282
	99,103	*	SiriusPoint Ltd		918
	154,739	*	Societa Cattolica di Assicurazioni SCRL		1,262
	548,620		Sompo Holdings, Inc		23,802
	19,577		State Auto Financial Corp		997
	1,076,132		Steadfast Group Ltd		3,715
	31,455		Stewart Information Services Corp		1,990
	570,344		Storebrand ASA		5,430
	292,000		Sul America S.A.		1,366
	713,314	e	Sun Life Financial, Inc		36,719
	1,394,293		Suncorp-Metway Ltd		12,398
	21,330		Swiss Life Holding		10,747
	63,653		Swiss Re Ltd		5,433

89

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	399,926		Syarikat Takaful Malaysia BHD	$	403
	586,465		T&D Holdings, Inc		8,045
	44,073		Tiptree Inc		442
	624,099		Tokio Marine Holdings, Inc		33,455
	40,812		Tongyang Life Insurance Co Ltd		240
	61,436		Topdanmark AS		3,170
	116,224		TQM Corp PCL		358
	284,199		Travelers Cos, Inc		43,201
	23,321	*,e	Trean Insurance Group, Inc		241
	45,229	*	Trisura Group Ltd		1,544
	14,552	*	Trupanion, Inc		1,130
	76,645		Tryg A.S.		1,737
	474,910		Unipol Gruppo Finanziario S.p.A		2,760
	160,911		Uniqa Versicherungen AG.		1,433
	24,314		United Fire Group Inc		562
	25,470		United Insurance Holdings Corp		92
	32,582		Universal Insurance Holdings, Inc		425
	235,731		Unum Group		5,907
	46,821		Vienna Insurance Group AG Wiener Versicherung Gruppe		1,350
	228,289		W.R. Berkley Corp		16,706
	6,430		White Mountains Insurance Group Ltd		6,878
	270,213	e	Willis Towers Watson plc		62,814
	29,089		Wuestenrot & Wuerttembergische AG.		617
	346,805	*,e,g	ZhongAn Online P&C Insurance Co Ltd		1,420
	259,250		Zurich Insurance Group AG		106,013
			TOTAL INSURANCE		3,009,031
MATERIALS - 4.5%
	192,798		Aarti Industries		2,409
	437,424		Acerinox S.A.		5,606
	91,038		ADEKA Corp		2,046
	470,098		Adelaide Brighton Ltd		1,083
	48,473		Advanced Enzyme Technologies Ltd		252
	121,804		Advanced Petrochemical Co		2,427
	31,948	*	AdvanSix, Inc		1,270
	113,614		Aeci Ltd		807
	220,842	e	African Rainbow Minerals Ltd		2,819
	292,167		Agnico-Eagle Mines Ltd		15,157
	17,000		Aichi Steel Corp		404
	562,709		Air Liquide		90,123
	283,166		Air Products & Chemicals, Inc		72,522
	224,100		Air Water, Inc		3,582
	14,845	e	AirBoss of America Corp		424
	8,133		Akzo Nobel India Ltd		250
	244,012		Akzo Nobel NV		26,662
	480,132	e	Alamos Gold, Inc		3,453
	145,582		Albemarle Corp		31,878
	321,555	*	Alcoa Corp		15,737
	447,307	*	Alkane Resources Ltd		274
	12,735		Alkyl Amines Chemicals		654
	88,118	*	Allegheny Technologies, Inc		1,465
	418,526		Alpek SAB de C.V.		476
	48,149		Altius Minerals Corp		592
	80,188	e	Altri SGPS S.A.		497
	33,837	*	Alujain Corp		606

90

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	2,979,357		Alumina Ltd	$	4,436
	4,359,964	*	Aluminum Corp of China Ltd		3,238
	929,287	*	Aluminum Corp of China Ltd (Class A)		1,104
	799,663		Ambuja Cements Ltd		4,298
	1,735,718		Amcor plc		20,117
	50,293	e	American Vanguard Corp		757
	50,328	e	AMG Advanced Metallurgical Group NV		1,629
	269,591	*	Amyris, Inc		3,701
	58,805		Anglo American Platinum Ltd		5,094
	1,304,409		Anglo American plc (London)		45,718
	453,513		AngloGold Ashanti Ltd		7,266
	3,054,538	e	AngloGold Ashanti Ltd (ADR)		48,842
	840,565		Anhui Conch Cement Co Ltd		4,540
	176,145		Anhui Conch Cement Co Ltd (Class A)		1,111
	22,900		Anhui Honglu Steel Construction Group Co Ltd		155
	396,016		Antofagasta plc		7,197
	57,226		APERAM		3,172
	112,854	*	APL Apollo Tubes Ltd		1,247
	75,165		Aptargroup, Inc		8,971
	48,796		Arabian Cement Co		537
	1,168,065		ArcelorMittal		35,758
	144,286	*	Arconic Corp		4,551
	22,799		Ardagh Group S.A.		581
	379,058	*	Argonaut Gold, Inc		823
	65,948		Arkema		8,696
	91,234		Asahi Holdings, Inc		1,652
	868,340		Asahi Kasei Corp		9,305
	64,418	e	Ashland Global Holdings, Inc		5,741
	442,625	†	Asia Cement China Holdings Corp		348
	1,520,044		Asia Cement Corp		2,473
	353,000		Asia Polymer		574
	427,026		Asian Paints Ltd		18,614
	84,864		Associated Cement Co Ltd		2,568
	14,439		Atul Ltd		1,836
	73,905		Aurubis AG.		5,550
	150,578		Avery Dennison Corp		31,201
	272,713		Avient Corp		12,640
	590,298	*	Axalta Coating Systems Ltd		17,231
	1,193,147		B2Gold Corp		4,079
	9,812		Balaji Amines Ltd		594
	51,253		Balchem Corp		7,435
	757,707		Ball Corp		68,171
	1,616,385		Baoshan Iron & Steel Co Ltd		2,160
	2,197,734		Barrick Gold Corp (Canada)		39,683
	11,180		BASF India Ltd		515
	1,021,293		BASF SE		77,424
	12,119		Bayer CropScience Ltd		863
	250,500		BBMG Corp		109
	44,123		Bekaert S.A.		1,836
	1,061,769	*	Bellevue Gold Ltd		648
	279,253		Berger Paints India Ltd		3,035
	156,944	*	Berry Global Group, Inc		9,555
	4,008,137		BHP Billiton Ltd		107,049
	2,285,817		BHP Group plc		57,590
	229,473		Billerud AB		4,371
	4,000	*,†,e	Bio On S.p.A.		0	^

91

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	26,351		Birla Corp Ltd	$	507
	706,194		BlueScope Steel Ltd		10,232
	274,013		Boliden AB		8,774
	1,213,307	*	Boral Ltd		5,338
	117,666		Borregaard ASA		2,854
	373,528		Boubyan Petrochemicals Co KSCP		1,115
	260,165		Bradespar S.A.		2,497
	221,100	*	Braskem S.A.		2,409
	1,880,266		Breedon Group plc		2,501
	92,375		Brickworks Ltd		1,643
	2,259	*	Brodrene Hartmann A.S.		127
	127,413		Buzzi Unicem S.p.A.		2,894
	21,491		Cabot Corp		1,077
	630,300		Cahya Mata Sarawak BHD		189
	265,267	*	Calibre Mining Corp		283
	121,453	*	Canfor Corp		2,668
	68,012		CAP S.A.		723
	376,096	*,e	Capstone Mining Corp		1,464
	54,587		Carpenter Technology Corp		1,787
	184,429		Cascades, Inc		2,282
	389,982		Castrol India Ltd		734
	170,430		CCL Industries		8,827
	129,599		Celanese Corp (Series A)		19,523
	54,245		Cementir Holding NV		526
	545,910		Cementos Argos S.A.		845
	16,715,330	*,e	Cemex S.A. de C.V.		12,058
	1,489,320		Centamin plc		1,907
	272,038		Centerra Gold, Inc		1,858
	247,434		Central Asia Metals plc		738
	57,514	*	Century Aluminum Co		774
	148,000		Century Iron & Steel Industrial Co Ltd		614
	47,598		Century Plyboards India Ltd		301
	87,195		Century Textile & Industries Ltd		1,094
	1,569,286		CF Industries Holdings, Inc		87,598
	395,007	*	Chalice Gold Mines Ltd		1,795
	165,142		Chambal Fertilizers & Chemicals Ltd		751
	431,214	*	Champion Iron Ltd		1,474
	6,905		Chase Corp		705
	200,582		Chemours Co		5,829
	793,006		Cheng Loong Corp		1,009
	412,000		Chia Hsin Cement Corp		312
	149,562	*	Chifeng Jilong Gold Mining Co Ltd		355
	7,596,695		China BlueChemical Ltd		2,773
	364,183		China General Plastics Corp		598
	78,600		China Hi-ment Corp		126
	2,590,105		China Hongqiao Group Ltd		3,287
	154,529		China Jushi Co Ltd		417
	1,078,232	*	China Manmade Fibers Corp		412
	266,112		China Metal Products		301
	3,874,614		China Molybdenum Co Ltd		2,392
	1,179,144		China Molybdenum Co Ltd (Class A)		1,090
	2,624,276		China National Building Material Co Ltd		3,530
	243,229		China Northern Rare Earth Group High-Tech Co Ltd		1,644
	1,108,000		China Oriental Group Co Ltd		342
	3,085,359	*	China Petrochemical Development Corp		1,411
	1,646,248		China Resources Cement Holdings Ltd		1,582

92

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	694,000		China Sanjiang Fine Chemicals	$	240
	152,000		China Steel Chemical Corp		634
	12,981,181		China Steel Corp		16,798
	776,000		China XLX Fertiliser Ltd		608
	4,462,240	*,†,e	China Zhongwang Holdings Ltd		481
	193,281		Chr Hansen Holding A/S		15,788
	46,678		Chugoku Marine Paints Ltd		349
	412,000		Chun Yuan Steel		379
	3,989		Chunbo Co Ltd		875
	852,000		Chung Hung Steel Corp		1,257
	361,540	*	Chung Hwa Pulp Corp		325
	260,522	*,e	Cia de Minas Buenaventura S.A. (ADR) (Series B)		1,761
	38,598		Cia Ferro Ligas da Bahia - FERBASA		397
	747,750		Cia Siderurgica Nacional S.A.		3,945
	53,430		Ciech S.A.		557
	68,463		City Cement Co		486
	228,400		Clariant AG.		4,287
	18,500	*	Clearwater Paper Corp		709
	573,039	*,e	Cleveland-Cliffs, Inc		11,352
	153,960	*	Coeur Mining, Inc		950
	241,200		Comfort Glove Bhd		76
	195,187		Commercial Metals Co		5,945
	86,132	*,†	Companhia Vale do Rio Doce		9
	108,108		Companhia Vale do Rio Doce (ADR)		1,508
	12,612		Compass Minerals International, Inc		812
	267,917	*	Constellium SE		5,031
	72,313		Corbion NV		3,494
	119,093		Coromandel International Ltd		1,269
	2,597,985	*,g	Coronado Global Resources, Inc (ADR)		2,398
	1,510,693		Corteva, Inc		63,570
	53,786		Corticeira Amorim SGPS S.A.		736
	377,003	g	Covestro AG.		25,693
	377,000		CPMC Holdings Ltd		197
	1,158,146		CRH plc		54,659
	142,882		Croda International plc		16,371
	1,698,612		Crown Holdings, Inc		171,186
	603,536		CSR Ltd		2,399
	2,178,300		D&L Industries Inc		325
	312,700		Daicel Chemical Industries Ltd		2,435
	32,431		Daido Steel Co Ltd		1,375
	9,700		Daiken Corp		203
	12,571		Dainichiseika Color & Chemicals Manufacturing Co Ltd		309
	162,299		Daio Paper Corp		3,039
	74,523		Dalmia Bharat Ltd		2,103
	23,813	*,e	Danimer Scientific, Inc		389
	1,090,344	*	De Grey Mining Ltd		763
	71,996		Deepak Nitrite Ltd		2,322
	94,149		Denki Kagaku Kogyo KK		3,288
	529,600		Deterra Royalties Ltd		1,425
	517,717		Dexco S.A.		1,613
	93,201		DIC Corp		2,629
	67,462	*	Diversey Holdings Ltd		1,082
	59,484	*	Domtar Corp		3,244
	20,012		Dongbu Steel Co Ltd		229
	33,003		Dongjin Semichem Co Ltd		862

93

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	61,440		Dongkuk Steel Mill Co Ltd	$	938
	4,885	*	Dongwha Enterprise Co Ltd		371
	5,043		Dongwon Systems Corp		266
	1,147,000		Dongyue Group		2,829
	1,281,509		Dow, Inc		73,764
	81,579		Dowa Holdings Co Ltd		3,204
	439,218	e	DRDGOLD Ltd		354
	1,672,296		DS Smith plc		9,236
	175,379		DSM NV		35,072
	222,474		Dundee Precious Metals, Inc		1,338
	2,921,732		DuPont de Nemours, Inc		198,649
	22,198		Eagle Materials, Inc		2,911
	769,400		Eastern Polymer Group PCL		256
	42,798		Eastern Province Cement Co		570
	191,848		Eastman Chemical Co		19,327
	675,887		Ecolab, Inc		141,004
	15,698		Ecopro Co Ltd		1,289
	73,937	*	EID Parry India Ltd		417
	222,263	*	Eldorado Gold Corp		1,720
	365,204		Element Solutions, Inc		7,918
	733,855	*	Elementis plc		1,473
	270,136	g	Elkem ASA		1,165
	1,276,947		Empresas CMPC S.A.		2,403
	7,000	e	EMS-Chemie Holding AG.		6,614
	160,817	*	Ence Energia y Celulosa S.A.		444
	231,242	e	Endeavour Mining plc		5,205
	200,100	*,e	Endeavour Silver Corp		820
	9,159		ENF Technology Co Ltd		233
	291,525		Engro Chemical Pakistan Ltd		479
	591,769		Engro Fertilizers Ltd		244
	310,574	*,e	Equinox Gold Corp		2,050
	54,533	*	Eramet		4,098
	1,509,118		Eregli Demir ve Celik Fabrikalari TAS		2,779
	80,780	*,e	ERO Copper Corp		1,432
	95,614		Essel Propack Ltd		307
	372,543		Essentra plc		1,343
	864,574		Eternal Chemical Co Ltd		1,161
	48,470		Eugene Corp		202
	1,924,483	*,e	Eurasia Mining plc		648
	399,128		Everlight Chemical Industrial Corp		365
	1,818,351		Evolution Mining Ltd		4,598
	205,636		Evonik Industries AG.		6,448
	97,256		Evraz plc		772
	551,642		Fauji Fertilizer Co Ltd		331
	435,050		Feng Hsin Iron & Steel Co		1,219
	369,015		Ferrexpo plc		1,627
	128,167	*	Ferro Corp		2,607
	202,348	*,†	Ferroglobe plc		0
	7,685		Fine Organic Industries Ltd		317
	257,356		Finolex Industries Ltd		720
	144,000		First Copper Technology Co Ltd		239
	277,084	e	First Majestic Silver Corp		3,137
	667,291		First Quantum Minerals Ltd		12,354
	148,707		FMC Corp		13,616
	50,435	*	Foosung Co Ltd		895
	3,936,139		Formosa Chemicals & Fibre Corp		11,776

94

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	4,247,019		Formosa Plastics Corp	$	17,171
	264,350	g	Forterra plc		988
	23,557	*	Forterra, Inc		555
	1,707,694		Fortescue Metals Group Ltd		18,190
	338,408	*	Fortuna Silver Mines, Inc		1,331
	57,920		FP Corp		2,152
	217,044		Franco-Nevada Corp		28,197
	3,614,931	n	Freeport-McMoRan, Inc (Class B)		117,594
	79,645		FUCHS PETROLUB SE		3,729
	2,139,483		Fufeng Group Ltd		759
	49,977		Fuji Seal International, Inc		1,078
	21,675		Fujimi, Inc		1,249
	18,230		Fujimori Kogyo Co Ltd		790
	3,826,296		Fushan International Energy Group Ltd		1,154
	21,800		Fuso Chemical Co Ltd		988
	35,114		FutureFuel Corp		250
	10,408		Galaxy Surfactants Ltd		459
	75,143		Ganfeng Lithium Co Ltd		1,884
	295,200	g	Ganfeng Lithium Co Ltd		5,172
	25,794	*	Gatos Silver, Inc		300
	121,364	*	GCP Applied Technologies, Inc		2,660
	348,979		GEM Co Ltd		600
	1,210,910		Gerdau S.A. (Preference)		6,026
	11,583		Givaudan S.A.		52,808
	50,053		Glatfelter Corp		706
	13,318,657		Glencore Xstrata plc		62,652
	964,255		Gold Fields Ltd		7,904
	1,037,111		Gold Road Resources Ltd		895
	828,484		Goldsun Development & Construction Co Ltd		723
	846,000		Grand Pacific Petrochemical		868
	130,803		Granges AB		1,576
	376,684		Graphic Packaging Holding Co		7,172
	299,281		Grasim Industries Ltd		6,705
	605,755	*,†	Great Basin Gold Ltd		5
	4,586,353	*	Greatland Gold plc		993
	799,000		Greatview Aseptic Packaging Co		298
	28,320		Greif, Inc (Class A)		1,829
	7,000		Greif, Inc (Class B)		454
	8,450		Groupe Guillin		231
	50,355	*	Grupa Azoty S.A.		354
	283,016		Grupo Argos S.A.		829
	201,893	e	Grupo Cementos de Chihuahua SAB de C.V.		1,513
	3,425,938	e	Grupo Mexico S.A. de C.V. (Series B)		13,675
	54,529		Guangdong Hongda Blasting Co Ltd		228
	66,662		Guangzhou Tinci Materials Technology Co Ltd		1,560
	52,582	*	Gubre Fabrikalari TAS		288
	22,544	*	Gujarat Fluorochemicals Ltd		577
	75,723		Gujarat Narmada Valley Fertilizers Co Ltd		441
	9,709		Gulf Oil Lubricants India Ltd		76
	358	e	Gurit Holding AG.		671
	143,498		H.B. Fuller Co		9,264
	21,421		Hanil Cement Co Ltd		319
	8,997		Hansol Chemical Co Ltd		2,608
	135,986	*	Hanwha Chemical Corp		5,070
	2,256,232		Harmony Gold Mining Co Ltd		7,021
	12,131		Hawkins, Inc		423

95

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	14,980		Haynes International, Inc	$	558
	773,976		Hecla Mining Co		4,257
	1,052,532		HeidelbergCement AG.		78,522
	53,584		HeidelbergCement India Ltd		185
	367,809	*	Hektas Ticaret TAS		346
	412,469		Hengli Petrochemical Co Ltd		1,648
	338,594		Hengyi Petrochemical Co Ltd		599
	1,264,616		Hesteel Co Ltd		541
	341,851		Hexpol AB		3,888
	96,254		Hill & Smith Holdings plc		2,355
	1,752,632		Hindalco Industries Ltd		11,472
	231,590	*	Hitachi Metals Ltd		4,472
	406,981		Hochschild Mining plc		729
	135,629		Hokuetsu Paper Mills Ltd		831
	106,011		Holcim Ltd		5,108
	114,840		Holmen AB		5,044
	19,826		Honam Petrochemical Corp		3,990
	233,000		Hsin Kuang Steel Co Ltd		522
	1,094,000		Huabao International Holdings Ltd		2,137
	321,600		Huafon Chemical Co Ltd		602
	91,901		Huaxin Cement Co Ltd		291
	18,136		Huchems Fine Chemical Corp		439
	271,653	e	HudBay Minerals, Inc		1,694
	118,654	e	Huhtamaki Oyj		5,336
	555,811		Hunan Valin Steel Co Ltd		566
	340,240		Huntsman Corp		10,068
	2,656	*	Hyosung Advanced Materials Corp		1,621
	1,934	*	Hyosung Chemical Corp		574
	27,195		Hyundai Development Co		250
	98,174		Hyundai Steel Co		3,855
	582,489	*,e	IAMGOLD Corp		1,320
	511,206	g	Ibstock plc		1,419
	522,484		Iluka Resources Ltd		3,361
	69,644		IMCD Group NV		13,328
	40,967		Imerys S.A.		1,765
	866,740		Impala Platinum Holdings Ltd		9,768
	2,366,675		Incitec Pivot Ltd		4,923
	1,513,318		Independence Group NL		9,484
	147,673		India Cements Ltd		397
	8,540	*	Indigo Paints Ltd		295
	1,565,004		Indorama Ventures PCL (Foreign)		2,038
	138,811	*	Industrias Penoles S.A. de C.V.		1,636
	71,406	*	Ingevity Corp		5,096
	2,775,618	*	Inner Mongolia BaoTou Steel Union Co Ltd		1,349
	257,220		Inner Mongolia Eerduosi Resourses Co Ltd		547
	583,988		Inner Mongolia Junzheng Energy & Chemical Industry Group Co Ltd		515
	65,112		Innospec, Inc		5,484
	125,828		Interfor Corp		3,107
	654,912		International CSRC Investment Holdings Co		549
	801,593		International Flavors & Fragrances, Inc		107,189
	468,308		International Paper Co		26,188
	122,162		Intertape Polymer Group, Inc		2,657
	11,816	*	Intrepid Potash, Inc		365
	726,406		Israel Chemicals Ltd		5,294
	4,822	*	Israel Corp Ltd		1,488

96

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	675,120	*,e	Ivanhoe Mines Ltd	$	4,317
	517,107		James Hardie Industries NV		18,342
	53,165	*	Jastrzebska Spolka Weglowa S.A.		741
	22,600		JCU Corp		898
	412,220		JFE Holdings, Inc		6,182
	322,872		Jiangsu Shagang Co Ltd		343
	13,300		Jiangsu Yangnong Chemical Co Ltd		215
	22,200		Jiangsu Yoke Technology Co Ltd		261
	1,361,115		Jiangxi Copper Co Ltd		2,422
	179,709		Jiangxi Copper Co Ltd (Class A)		672
	2,959,000	e	Jinchuan Group International Resources Co Ltd		476
	1,065,296	*	Jindal Steel & Power Ltd		5,535
	31,290		JK Cement Ltd		1,308
	58,185		JK Lakshmi Cement Ltd		482
	194,109		Johnson Matthey plc		6,964
	14,007		JSP Corp		203
	218,664		JSR Corp		7,860
	944,084		JSW Steel Ltd		8,435
	1,447,059		Jupiter Mines Ltd		230
	387,654	*	K&S AG.		6,218
	269,558	*	K92 Mining, Inc		1,296
	16,987		Kaiser Aluminum Corp		1,851
	55,715		Kaneka Corp		2,327
	131,294		Kansai Paint Co Ltd		3,257
	117,100		Kanto Denka Kogyo Co Ltd		1,115
	734,211	*	Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS (Class D)		533
	4,378		KCC Corp		1,516
	18,100		KeePer Technical Laboratory Co Ltd		548
	129,581		Kemira Oyj		1,989
	148,360		KGHM Polska Miedz S.A.		5,844
	41,700		KH Neochem Co Ltd		1,141
	185,725		Kingfa Sci & Tech Co Ltd		420
	1,433,793		Kinross Gold Corp		7,686
	303,541		Kirkland Lake Gold Ltd		12,644
	773,038	*	Klabin S.A.		3,437
	637,700		Kobe Steel Ltd		3,863
	28,408		Kolon Industries, Inc		2,366
	32,058		Konishi Co Ltd		511
	33,449	*	Koppers Holdings, Inc		1,046
	12,375		Korea Kumho Petrochemical		1,944
	3,703		Korea Petrochemical Ind Co Ltd		663
	9,016		Korea Zinc Co Ltd		3,804
	39,593	*	Koza Altin Isletmeleri AS		424
	207,266	*	Koza Anadolu Metal Madencilik Isletmeleri AS		338
	134,052	*	KPM Tech Co Ltd		180
	35,960	*	Kraton Corp		1,641
	172,539		Kronos Worldwide, Inc		2,141
	91,093	*	Kuk-il Paper Manufacturing Co Ltd		397
	62,552		Kumba Iron Ore Ltd		2,055
	98,848		Kumiai Chemical Industry Co Ltd		773
	368,500		Kuraray Co Ltd		3,541
	18,000		Kureha CORP		1,214
	22,716		Kyoei Steel Ltd		281
	70,417	e	Labrador Iron Ore Royalty Corp		1,958
	1,069,439		Lanxess AG.		72,277

97

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	43,414	*	Largo Resources Ltd	$	456
	1,588,927		Lee & Man Paper Manufacturing Ltd		1,161
	16,097	*,e	Lenzing AG.		1,949
	84,412		LG Chem Ltd		54,747
	8,728		LG Chem Ltd (Preference)		2,743
	20,895		Linde India Ltd		728
	581,351		Linde plc		170,557
	435,146		Linde plc (Xetra)		127,967
	52,500		Lintec Corp		1,199
	117,229	*,e	Lithium Americas Corp		2,619
	60,618	*,e	Livent Corp		1,401
	61,883		Loma Negra Cia Industrial Argentina S.A. (ADR)		441
	173,154		Lomon Billions Group Co Ltd		764
	629,704		Long Chen Paper Co Ltd		629
	1,503,235	g	Lotte Chemical Titan Holding BHD		944
	192,563		Louisiana-Pacific Corp		11,818
	136,875	*	Lucky Cement Ltd		580
	84,576	*	Lundin Gold, Inc		632
	754,606		Lundin Mining Corp		5,427
	153,000		Luxi Chemical Group Co Ltd		443
	1,089,839	*	Lynas Corp Ltd		5,157
	298,771		LyondellBasell Industries NV		28,040
	126,559		Madras Cements Ltd		1,676
	23,533	e	Maeda Kosen Co Ltd		698
	104,349	*,e	MAG. Silver Corp		1,690
	33,013	*	Marrone Bio Innovations, Inc		30
	236,459		Marshalls plc		2,368
	5,170		Martin Marietta Materials, Inc		1,766
	65,900		Maruichi Steel Tube Ltd		1,524
	147,776		Materion Corp		10,143
	60,424		Maverix Metals, Inc		270
	11,233,577	*	Merdeka Copper Gold Tbk PT		1,966
	4,909,864		Mesaieed Petrochemical Holding Co		3,030
	728,944		Metalurgica Gerdau S.A.		1,662
	97,503	e	Methanex Corp		4,493
	243,467		Mineral Resources Ltd		7,727
	39,642		Minerals Technologies, Inc		2,769
	13,419		Miquel y Costas & Miquel S.A.		263
	44,969		Misr Fertilizers Production Co SAE		250
	12,300	e	Mitani Sekisan Co Ltd		794
	1,261,005		Mitsubishi Chemical Holdings Corp		11,480
	114,590		Mitsubishi Gas Chemical Co, Inc		2,260
	261,400		Mitsubishi Materials Corp		5,084
	232,362		Mitsui Chemicals, Inc		7,763
	411,264		Mitsui Mining & Smelting Co Ltd		11,416
	1,604		Miwon Commercial Co Ltd		284
	952,831		MMC Norilsk Nickel PJSC (ADR)		28,509
	3,360,000	*,e	MMG Ltd		1,396
	506,786		Mondi plc		12,419
	12,981	*,†	Mongolian Metals Corporation		0
	407,953		Mosaic Co		14,572
	455,450		Mount Gibson Iron Ltd		157
	27,973	*,e	MP Materials Corp		902
	215,285		M-real Oyj (B Shares)		2,015
	122,703		Myers Industries, Inc		2,401
	98,277		Mytilineos Holdings S.A.		1,597

98

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	84,648		Najran Cement Co	$	508
	21,928		Namhae Chemical Corp		209
	90,716	*	Namsun Aluminum Co Ltd		253
	46,000		Nan Pao Resins Chemical Co Ltd		227
	5,721,887		Nan Ya Plastics Corp		18,704
	342,800		Nanofilm Technologies International Ltd		1,043
	267,557		Nantex Industry Co Ltd		870
	805,107		National Aluminium Co Ltd		1,006
	381,823	*	National Industrialization Co		2,371
	135,532		National Petrochemical Co		1,807
	32,461		Navin Fluorine International Ltd		1,607
	19,302		Neenah Inc		900
	790,560	*,e	New Gold, Inc		836
	103,459	*	New Pacific Metals Corp		344
	824,541		Newcrest Mining Ltd		13,669
	7,581		NewMarket Corp		2,568
	2,268,097		Newmont Goldcorp Corp		123,158
	1,028,994		Nickel Mines Ltd		685
	42,000		Nihon Nohyaku Co Ltd		207
	90,881		Nihon Parkerizing Co Ltd		933
	1,930,151		Nine Dragons Paper Holdings Ltd		2,356
	446,506		Ningxia Baofeng Energy Group Co Ltd		1,101
	158,466		Nippon Kayaku Co Ltd		1,749
	67,703		Nippon Light Metal Holdings Co Ltd		1,179
	644,090		Nippon Paint Co Ltd		7,014
	116,280		Nippon Paper Industries Co Ltd		1,234
	32,028		Nippon Shokubai Co Ltd		1,647
	23,184		Nippon Soda Co Ltd		745
	915,650		Nippon Steel Corp		16,469
	131,331		Nissan Chemical Industries Ltd		7,681
	5,707		Nittetsu Mining Co Ltd		331
	99,425		Nitto Denko Corp		7,078
	137,282		NOF Corp		7,729
	2,337,169		Norsk Hydro ASA		17,445
	379,113	*	Northam Platinum Holdings Ltd		4,514
	90,924		Northern Region Cement Co		394
	1,115,431		Northern Star Resources Ltd		6,832
	83,958	*	Novagold Resources Inc		578
	283,541	*,e	Novagold Resources, Inc		1,952
	168,984		Novolipetsk Steel PJSC (GDR)		5,026
	205,919		Novozymes AS		14,116
	342,935		Nucor Corp		33,776
	1,121,723	*	Nufarm Ltd		3,832
	60,612		Nuh Cimento Sanayi AS.		230
	495,126	e	Nutrien Ltd		32,099
	860,757		Nutrien Ltd (Toronto)		55,868
	860,644	*,e	OceanaGold Corp		1,407
	24,701	*	OCI Co Ltd		3,314
	266,887	*	OCI NV		7,885
	57,782	*	O-I Glass, Inc		825
	549,078		OJI Paper Co Ltd		2,767
	14,100		Okamoto Industries, Inc		520
	212,915		Olin Corp		10,273
	12,012		Olympic Steel, Inc		293
	1,159,648	e	Orbia Advance Corp SAB de C.V.		2,972
	407,736		Orica Ltd		3,982

99

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	518,000	*	Oriental Union Chemical Corp	$	415
	425,913	*	Orion Engineered Carbons SA		7,764
	174,346	*,e	Orla Mining Ltd		575
	688,070	*	Orocobre Ltd		4,229
	1,073,571		Orora Ltd		2,366
	19,600	e	Osaka Organic Chemical Industry Ltd		666
	13,300		Osaka Soda Co Ltd		321
	14,529		Osaka Steel Co Ltd		144
	174,014	e	Osisko Gold Royalties Ltd		1,955
	369,351	*	Osisko Mining, Inc		685
	580,872	*,e	Outokumpu Oyj		3,529
	400,027		Oxiana Ltd		6,423
	249,076	*	Oyak Cimento Fabrikalari AS		184
	15,400		Pack Corp		427
	265,880		Packaging Corp of America		36,543
	312,062		Pact Group Holdings Ltd		851
	49,368		Pactiv Evergreen, Inc		618
	238,621	e	Pan American Silver Corp (Toronto)		5,556
	564,266	*	Pangang Group Vanadium Titanium & Resources Co Ltd		416
	695,000	e	Perennial Energy Holdings Ltd		147
	654,686		Perenti Global Ltd		381
	19,611	*,e	Perpetua Resources Corp		98
	1,475,725	*	Perseus Mining Ltd		1,485
	2,749,257	*,e	Peter Hambro Mining plc		760
	1,285,095	*	Petkim Petrokimya Holding		942
	2,723,115		Petronas Chemicals Group BHD		5,659
	164,551		PhosAgro PJSC (GDR)		3,666
	14,605		PI Advanced Materials Co Ltd		679
	95,373		PI Industries Ltd		4,073
	171,248		Pidilite Industries Ltd		5,484
	5,222,195	*	Pilbara Minerals Ltd		7,526
	34,081	*,e	PolyMet Mining Corp		104
	399,573		Polymetal International plc		6,751
	10,270		Polyus PJSC (GDR)		844
	65,324	e	Polyus PJSC (GDR)		5,338
	18,212		Poongsan Corp		505
	262,051		Portucel Empresa Produtora de Pasta e Papel S.A.		922
	90,363		POSCO		24,882
	32,627		POSCO Refractories & Environment Co Ltd		4,801
	894,346		PPG Industries, Inc		127,900
	127,158		PQ Group Holdings, Inc		1,483
	3,434,168		Press Metal BHD		4,708
	229,627	*	Pretium Resources, Inc		2,221
	105,212	*	Prism Cement Ltd		177
	9,226,100		PT Aneka Tambang Tbk		1,462
	30,412,597		PT Barito Pacific Tbk		2,037
	2,727,297		PT Indah Kiat Pulp and Paper Corp Tbk		1,622
	1,646,152		PT Indocement Tunggal Prakarsa Tbk		1,199
	1,325,000		PT Pabrik Kertas Tjiwi Kimia Tbk		733
	3,278,689		PT Semen Gresik Persero Tbk		1,863
	2,390,800	*	PT Timah Tbk		251
	2,610,209		PTT Global Chemical PCL (Foreign)		4,838
	11,352	*,e	PureCycle Technologies, Inc		151
	43,699		Qassim Cement Co		967
	2,677,136		Qatar Aluminum Manufacturing Co		1,353

100

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	315,707		Qatar National Cement Co	$	431
	332,695		Qatari Investors Group		231
	5,075	e	Quaker Chemical Corp		1,206
	608,245		Qurain Petrochemical Industries Co		764
	172,043		Rain Commodities Ltd		555
	78,506		Rallis India Ltd		301
	945,877		Ramelius Resources Ltd		910
	80,094	*	Ranpak Holdings Corp		2,148
	13,968		Ratnamani Metals & Tubes Ltd		409
	103,903	*	Rayonier Advanced Materials, Inc		779
	25,927	*,e	Re:NewCell AB		641
	54,854		Recticel S.A.		911
	950,994		Regis Resources Ltd		1,379
	420,776		Reliance Steel & Aluminum Co		59,927
	545,483		Rengo Co Ltd		4,262
	1,103,221	*	Resolute Mining Ltd		331
	35,424		Rhi Magnesita NV		1,565
	423,440		Rio Tinto Ltd		30,145
	1,676,904		Rio Tinto plc		109,925
	59,859		Riyadh Cement Co		561
	678,824		Rongsheng Petro Chemical Co Ltd		1,963
	168,269		Royal Bafokeng Platinum Ltd		829
	77,626		Royal Gold, Inc		7,412
	192,756		RPM International, Inc		14,967
	11,794		Ryerson Holding Corp		263
	43,819		Sa des Ciments Vicat		1,948
	239,964		SABIC Agri-Nutrients Co		11,029
	382,802	*	Sabina Gold & Silver Corp		441
	411,006		Sahara International Petrochemical Co		4,776
	45,800		Sakata INX Corp		481
	44,707	*	Salzgitter AG.		1,498
	17,904		Samsung Fine Chemicals Co Ltd		1,364
	194,538	*	Sandfire Resources Ltd		759
	194,538		Sandfire Resources NL		759
	238,701	*	Sandstorm Gold Ltd		1,374
	13,911		Sanyo Chemical Industries Ltd		726
	82,406		Sanyo Special Steel Co Ltd		1,324
	549,161	*	Sappi Ltd		1,459
	632,396	*	Sasol Ltd		11,987
	470,476	*	Saudi Arabian Mining Co		10,468
	997,917		Saudi Basic Industries Corp		33,723
	88,193		Saudi Cement Co		1,477
	250,359		Saudi Industrial Investment Group		2,709
	843,677	*	Saudi Kayan Petrochemical Co		4,589
	1,217,300		SCG Packaging PCL		2,163
	912,380	*,e	Schmolz + Bickenbach AG.		372
	27,747		Schnitzer Steel Industries, Inc (Class A)		1,216
	36,963		Schweitzer-Mauduit International, Inc		1,281
	684,100		Scientex BHD		747
	70,858		Scotts Miracle-Gro Co (Class A)		10,371
	78,416	*,e	Seabridge Gold, Inc		1,208
	160,481		Seah Besteel Corp		3,462
	179,133		Sealed Air Corp		9,815
	8,218,300	*,†	Sekawan Intipratama Tbk PT		0	^
	20,193		Semapa-Sociedade de Investimento e Gestao		274
	74,308	e	Sensient Technologies Corp		6,768

101

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	1,293,797		Sesa Sterlite Ltd	$	4,977
	233,979		Severstal (GDR)		4,928
	219,668		Shandong Gold Mining Co Ltd		667
	803,755	e,g	Shandong Gold Mining Co Ltd		1,423
	167,007		Shandong Hualu Hengsheng Chemical Co Ltd		846
	645,966		Shandong Nanshan Aluminum Co Ltd		434
	141,111		Shandong Sun Paper Industry JSC Ltd		260
	410,000		Shanghai Chlor-Alkali Chemical Co Ltd		269
	49,332		Shanghai Putailai New Energy Technology Co Ltd		1,310
	422,363		Shanxi Taigang Stainless Steel Co Ltd		628
	125,700		Shenghe Resources Holding Co Ltd		387
	26,938		Shenzhen Capchem Technology Co Ltd		646
	613,782		Sherwin-Williams Co		171,693
	38,800		Shikoku Chemicals Corp		485
	343,825		Shin-Etsu Chemical Co Ltd		58,027
	46,403		Shin-Etsu Polymer Co Ltd		434
	1,061,661		Shinkong Synthetic Fibers Corp		775
	79,666		Shiny Chemical Industrial Co Ltd		398
	210,200		Showa Denko KK		5,115
	12,294		Shree Cement Ltd		4,780
	880,983		Siam Cement PCL (Foreign)		10,428
	80,200		Siam City Cement PCL		382
	3,093,403		Sibanye Stillwater Ltd		9,395
	391,463		SIG Combibloc Group AG.		10,409
	28,510	e	Sika AG.		9,014
	165,944		Silgan Holdings, Inc		6,366
	1,023,966	*	Silver Lake Resources Ltd		992
	214,379	e	Silvercorp Metals, Inc		817
	167,773	*,e	SilverCrest Metals, Inc		1,172
	218,273		Sims Ltd		2,050
	1,650,000	e	Sinofert Holdings Ltd		283
	109,400		Sinoma Science & Technology Co Ltd		594
	763,767		Sinopec Shanghai Petrochemical Co Ltd (Class A)		499
	8,064		SK Chemicals Co Ltd		1,912
	16,148	*,g	SK IE Technology Co Ltd		3,062
	22,264		SKC Co Ltd		3,113
	15,306		Skshu Paint Co Ltd		236
	474,212		Smurfit Kappa Group plc		24,966
	152,699		Sociedad Quimica y Minera de Chile S.A. (Class B)		8,219
	4,226		SODIFF Advanced Materials Co Ltd		1,468
	414,720		Solar Applied Materials Technology Co		752
	66,008	*	Solaris Resources, Inc		574
	866,663	*	SolGold plc		326
	74,255		Solvay S.A.		9,211
	14,475		Songwon Industrial Co Ltd		241
	115,752		Sonoco Products Co		6,896
	4,256		Soulbrain Co Ltd		971
	5,963	*	Soulbrain Holdings Co Ltd		198
	6,029,233		South32 Ltd		14,962
	190,602		Southern Copper Corp (NY)		10,700
	67,835		Southern Province Cement Co		1,351
	29,629		SRF Ltd		4,492
	301,450	*	Ssab Svenskt Stal AB (Series A)		1,479
	697,069	*	Ssab Svenskt Stal AB (Series B)		2,971
	269,216		SSR Mining, Inc		3,915
	960,209		St Barbara Ltd		925

102

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	342,881		Steel Dynamics, Inc	$	20,052
	43,382	e	Stelco Holdings, Inc		1,271
	71,950		Stella-Jones, Inc		2,423
	41,500	e	Stepan Co		4,687
	2,887		STO AG.		677
	621,694		Stora Enso Oyj (R Shares)		10,355
	64,512		Sumitomo Bakelite Co Ltd		2,980
	1,422,715		Sumitomo Chemical Co Ltd		7,384
	100,767		Sumitomo Chemical India Ltd		545
	267,800		Sumitomo Metal Mining Co Ltd		9,684
	44,121		Sumitomo Osaka Cement Co Ltd		1,228
	11,167		Sumitomo Seika Chemicals Co Ltd		363
	1,178,548	*	Summit Materials, Inc		37,678
	94,723		SunCoke Energy, Inc		595
	2,444,500	*,†,e	Superb Summit International Group Ltd		3
	56,471		Supreme Industries Ltd		1,772
	34,713		Supreme Petrochem Ltd		319
	830,117	*	Suzano SA		8,311
	610,484		Svenska Cellulosa AB (B Shares)		9,461
	69,000		Swancor Ind Co Ltd		247
	128,333		Symrise AG.		16,821
	40,400		T Hasegawa Co Ltd		962
	1,328,127		TA Chen Stainless Pipe		2,158
	293		Taekwang Industrial Co Ltd		274
	130,400		Taiheiyo Cement Corp		2,694
	236,200		Taita Chemical Co Ltd		328
	3,372,482		Taiwan Cement Corp		6,142
	724,000		Taiwan Fertilizer Co Ltd		1,753
	330,725		Taiwan Hon Chuan Enterprise Co Ltd		837
	430,346		Taiwan Styrene Monomer		310
	42,600		Taiyo Ink Manufacturing Co Ltd		1,081
	99,804		Taiyo Nippon Sanso Corp		2,501
	13,655		Takasago International Corp		364
	5,300		Taki Chemical Co Ltd		317
	61,014		Takiron Co Ltd		346
	104,116		Tangshan Jidong Cement Co Ltd		207
	165,334		Tata Chemicals Ltd		2,039
	803,147		Tata Steel Ltd		13,821
	535,843		Teck Cominco Ltd		13,339
	208,600		Teijin Ltd		2,965
	16,600		Tenma Corp		397
	19,985	*	Tessenderlo Chemie NV		744
	9,051,909	*	ThyssenKrupp AG.		95,216
	1,062,000	e	Tiangong International Co Ltd		633
	51,047	*	TimkenSteel Corp		668
	538,359		Tipco Asphalt PCL		292
	41,713		Titan Cement International S.A.		692
	484,300		TOA Paint Thailand PCL (ADR)		477
	120,903		Toagosei Co Ltd		1,403
	33,024		Toho Titanium Co Ltd		352
	784,929		Tokai Carbon Co Ltd		10,034
	11,200		Tokushu Tokai Holdings Co Ltd		451
	132,741		Tokuyama Corp		2,532
	39,114		Tokyo Ohka Kogyo Co Ltd		2,389
	110,604		Tokyo Steel Manufacturing Co Ltd		1,136
	670,750		Ton Yi Industrial Corp		327

103

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	166,978		Tongkun Group Co Ltd	$	563
	544,100		Tongling Nonferrous Metals Group Co Ltd		325
	1,365,737		Toray Industries, Inc		8,678
	104,795	*	Torex Gold Resources, Inc		1,047
	188,973		Tosoh Corp		3,425
	7,000		Toyo Gosei Co Ltd		932
	42,700		Toyo Ink Manufacturing Co Ltd		803
	178,500	e	Toyo Seikan Kaisha Ltd		2,088
	98,448		Toyobo Co Ltd		1,228
	4,306,600		TPI Polene PCL		222
	89,306		Transcontinental, Inc		1,419
	386,910		Transfar Zhilian Co Ltd		497
	17,135		Tredegar Corp		209
	14,038		Trinseo S.A.		758
	155,383		Tronox Holdings plc		3,830
	538,000		TSRC Corp		602
	852,259		Tung Ho Steel Enterprise Corp		1,246
	123,005	*	Turquoise Hill Resources Ltd		1,819
	39,043	*	UACJ Corp		1,022
	263,626		UBE Industries Ltd		5,154
	10,628	*	UFP Technologies, Inc		655
	113,052		Ultra Tech Cement Ltd		11,218
	197,263	e	Umicore S.A.		11,670
	44,819		Uniao de Industrias Petroquimicas S.A.		651
	4,887		Unid Co Ltd		538
	2,370		United States Lime & Minerals, Inc		286
	348,749		United States Steel Corp		7,662
	369,000		Universal Cement Corp		280
	701,650		UPC Technology Corp		630
	565,223		UPL Ltd		5,373
	538,192		UPM-Kymmene Oyj		19,049
	705,973		USI Corp		940
	4,901,729		Vale S.A.		68,624
	1,491	e	Valhi, Inc		35
	250,041		Valvoline, Inc		7,796
	68,612	g	Verallia S.A.		2,363
	35,258		Verso Corp		732
	31,578		Vetropack Holding AG.		1,962
	49,594	*	Victoria Gold Corp		590
	107,073		Victrex plc		3,415
	25,932		Vinati Organics Ltd		675
	186,620		Vinythai PCL (Foreign)		207
	112,630		Voestalpine AG.		4,160
	21,642		Vulcan Materials Co		3,661
	18,703		Wacker Chemie AG.		3,479
	742,936	*,e	Wallbridge Mining Co Ltd		311
	218,096		Wanhua Chemical Group Co Ltd		3,566
	116,060		Warrior Met Coal, Inc		2,701
	7,568,400	*	Waskita Beton Precast Tbk PT		81
	30,389		Weihai Guangwei Composites Co Ltd		308
	170,754	*	Wesdome Gold Mines Ltd		1,368
	893,257	*,e	West African Resources Ltd		627
	2,160,491		West China Cement Ltd		402
	240,789		West Fraser Timber Co Ltd		20,281
	376,340	*	Western Areas NL		804
	551,617		Westgold Resources Ltd		646

104

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	74,120		Westlake Chemical Corp	$	6,755
	321,791		WestRock Co		16,035
	511,476		Wheaton Precious Metals Corp		19,254
	3,526,820		Wienerberger AG.		118,419
	39,732		Winpak Ltd		1,285
	40,278		Worthington Industries, Inc		2,123
	122,915		Xiamen Tungsten Co Ltd		447
	100,009	*	Yamama Cement Co		805
	1,086,641		Yamana Gold, Inc		4,290
	48,105		Yamato Kogyo Co Ltd		1,541
	76,710		Yanbu Cement Co		841
	286,747		Yanbu National Petrochemical Co		5,421
	206,466		Yara International ASA		10,228
	337,974	*	Yeun Chyang Industrial Co Ltd		449
	843,220	*	Yieh Phui Enterprise		912
	234,323		Yintai Gold Co Ltd		308
	24,655		Yodogawa Steel Works Ltd		538
	9,533		Youlchon Chemical Co Ltd		195
	380		Young Poong Corp		213
	1,140,849		Yuen Foong Yu Paper Manufacturing Co Ltd		1,386
	420,752		Yule Catto & Co plc		2,821
	252,700	*	Yunnan Aluminium Co Ltd		572
	58,641		Yunnan Energy New Material Co Ltd		2,537
	1,067,416		Zeon Corp		15,026
	1,410,080	e	Zhaojin Mining Industry Co Ltd		993
	79,353		Zhejiang Huayou Cobalt Co Ltd		1,265
	206,636		Zhejiang Juhua Co Ltd		475
	287,318		Zhejiang Longsheng Group Co Ltd		599
	121,020		Zhejiang Satellite Petrochemical Co Ltd		725
	406,796		Zhongjin Gold Corp Ltd		526
	32,295		Zignago Vetro S.p.A.		637
	6,531,232		Zijin Mining Group Co Ltd		7,932
	1,401,816		Zijin Mining Group Co Ltd (Class A)		2,172
	23,006	*,e	Zymergen, Inc		303
			TOTAL MATERIALS		6,101,136
MEDIA & ENTERTAINMENT - 7.6%
	1,249,074		Activision Blizzard, Inc		96,666
	25,513		Addcn Technology Co Ltd		217
	273,369	*	Adevinta ASA		4,685
	1,773,395	*,e	Advantage Solutions, Inc		15,340
	10,483	*	Affle India Ltd		748
	7,896		AfreecaTV Co Ltd		993
	11,100		Akatsuki, Inc		317
	14,251,173	*,e	Alibaba Pictures Group Ltd		1,608
	588,862	*	Alphabet, Inc (Class A)		1,574,334
	633,760	*	Alphabet, Inc (Class C)		1,689,167
	2,324,208	*	Altice USA, Inc		48,158
	602,602	*,e	AMC Entertainment Holdings, Inc		22,935
	22,238	*	AMC Networks, Inc		1,036
	12,440		Amuse, Inc		264
	972	*	APG SGA S.A.		225
	147,636	*	Arnoldo Mondadori Editore S.p.A.		309
	489,921	*	Ascential plc		2,702
	686,900		Astro Malaysia Holdings BHD		169
	106,689	*	Atresmedia Corp de Medios de Comunicacion S.A.		458

105

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	2,755,310	g	Auto Trader Group plc	$	21,729
	52,623	e	Autohome, Inc (ADR)		2,470
	37,859		Avex Group Holdings, Inc		507
	1,225,665	*	Baidu, Inc (ADR)		188,446
	828,000	g	BAIOO Family Interactive Ltd		78
	156,557		Beijing Enlight Media Co Ltd		240
	39,187		Beijing Kunlun Tech Co Ltd		103
	8,400	*,e	Bengo4.com, Inc		481
	34,337	*	Better Collective A.S.		727
	477,867	*,e	Bilibili, Inc (ADR)		31,620
	889,713		Bollore		5,138
	355,530	*,e	Borussia Dortmund GmbH & Co KGaA		1,984
	19,714	*	Boston Omaha Corp		765
	14,000	*,e	Bushiroad, Inc		192
	6,260		Cable One, Inc		11,350
	198,000		Capcom Co Ltd		5,502
	11,708	*,e	Cardlytics, Inc		983
	274,330	*	Cargurus, Inc		8,617
	73,109	*	Cars.com, Inc		925
	601,987		carsales.com Ltd		10,805
	416,000	g	Cathay Media And Education Group, Inc		153
	47,003		CD Projekt Red S.A.		2,266
	296,049	*	Charter Communications, Inc		215,393
	81,368		Cheil Communications, Inc		1,554
	161,865	*,†	Chennai Super Kings Cricket Ltd		15
	10,043	*,e	Chicken Soup For The Soul Entertainment, Inc		230
	781,958	*,e,g	China Literature Ltd		5,934
	52,900		China South Publishing & Media Group Co Ltd		73
	55,488	*,e	Cinemark Holdings, Inc		1,066
	77,426	*,e	Cineplex Galaxy Income Fund		803
	1,175,312	*,e	Cineworld Group plc		1,236
	19,862	*	CJ CGV Co Ltd		494
	390,317	*	Clear Channel		1,058
	908,000	e	CMGE Technology Group Ltd		358
	19,033		Cogeco Communications, Inc		1,691
	6,513		Cogeco, Inc		464
	61,418	*	COLOPL, Inc		442
	8,063		Com2uSCorp		667
	13,272,329	n	Comcast Corp (Class A)		742,321
	153,015	*	comScore, Inc		597
	764,022		Corus Entertainment, Inc		3,426
	319,638	*	CTS Eventim AG.		24,050
	28,391	*,e	CuriosityStream, Inc		299
	311,740		CyberAgent, Inc		6,014
	325,875		Cyfrowy Polsat S.A.		2,915
	43,831		Daiichikosho Co Ltd		1,623
	1,450	*,e	Daily Journal Corp		465
	279,411	*	Dena Co Ltd		5,183
	293,483		Dentsu, Inc		11,292
	4,491	*	Devsisters Co Ltd		595
	1,718	*	Digital Media Solutions, Inc		12
	43,864		Dip Corp		1,674
	12,700	*	Direct Marketing MiX, Inc		492
	188,762	*,e	Discovery, Inc (Class A)		4,791
	357,536	*	Discovery, Inc (Class C)		8,677
	312,070	*	DISH Network Corp (Class A)		13,563

106

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	661,219		Domain Holdings Australia Ltd	$	2,641
	1,329,661	*,e	DouYu International Holdings Ltd (ADR)		4,375
	13,939		Echo Marketing, Inc		237
	524,705		Electronic Arts, Inc		74,639
	751,072	*	Embracer Group AB		7,232
	30,525	*	Emerald Holding, Inc		132
	76,910	*	Enad Global 7 AB		290
	137,169	*	Entercom Communications Corp		505
	147,889	*	Enthusiast Gaming Holdings, Inc		534
	506,114		Entravision Communications Corp (Class A)		3,593
	251,682	*,e	Eros STX Global Corp		231
	131,153		Euromoney Institutional Investor plc		1,786
	215,912	e	Eutelsat Communications		2,969
	122,848	*	EVENT Hospitality and Entertainment Ltd		1,355
	257,707	*,e	Eventbrite Inc		4,873
	65,279	*	EverQuote Inc		1,216
	89,904		EW Scripps Co (Class A)		1,624
	4,668,518	*,n	Facebook, Inc		1,584,448
	40,075	*	Fenerbahce Futbol AS		151
	56,108	*	Fluent, Inc		127
	1,050,307		Focus Media Information Technology Co Ltd		1,188
	365,676		Fox Corp (Class A)		14,667
	173,525		Fox Corp (Class B)		6,441
	494,000		FriendTimes, Inc		83
	26,553	*	Frontier Developments plc		877
	430,760	*,e	fuboTV, Inc		10,321
	50,300		Fuji Television Network, Inc		532
	373,367		Future plc		18,563
	32,800	*,e	GA Technologies Co Ltd		298
	39,648		Gakken Co Ltd		432
	734,061	*,e	Gannett Co, Inc		4,904
	2,070		G-bits Network Technology Xiamen Co Ltd		125
	108,365		Giant Network Group Co Ltd		174
	16,000	*,e	giftee, Inc		574
	201,885		Gray Television, Inc		4,607
	123,150		Gree, Inc		678
	2,665,029		Grupo Televisa S.A.		5,877
	4,030,908	e	Grupo Televisa SAB (ADR)		44,259
	123,743	*	GungHo Online Entertainment Inc		2,269
	349,837		Hakuhodo DY Holdings, Inc		6,020
	108,415		Hello Group, Inc (ADR)		1,147
	18,928	*	Hemisphere Media Group, Inc		231
	332,000	e	Homeland Interactive Technology Ltd		92
	254,630		HT&E Ltd		304
	39,643	*,g	HUUUGE, Inc		405
	4,427,312	*,a,e	HUYA, Inc (ADR)		36,924
	14,777	*	HYBE Co Ltd		3,687
	46,110		Hyundai Hy Communications & Network Co		180
	289,783	*	IAC		37,756
	4,646,849	*,a	iClick Interactive Asia Group Ltd (ADR)		25,697
	469,200	*,e,g	iDreamSky Technology Holdings Ltd		251
	1,114,000		IGG, Inc		1,040
	592,440	*	iHeartMedia, Inc		14,823
	130,700	e,g	IMAX China Holding, Inc		192
	54,490	*	Imax Corp		1,034
	86,148		Info Edge India Ltd		7,436

107

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	1,640,607	*	Informa plc	$	12,065
	3,733,000	*	Inke Ltd		718
	9,289		Innocean Worldwide, Inc		472
	62,552	*	Inox Leisure Ltd		331
	61,940	*	Integral Ad Science Holding Corp		1,278
	58,854		International Games System Co Ltd		1,371
	556,243		Interpublic Group of Cos, Inc		20,397
	47,348		IPSOS		2,152
	187,648	*,e	IQIYI, Inc (ADR)		1,507
	4,407,357	*	ITV plc		6,303
	76,746	*	JC Decaux S.A.		2,032
	5,085	*	Jcontentree Corp		228
	50,970		John Wiley & Sons, Inc (Class A)		2,661
	625,000	*,e	Joy Spreader Interactive Technology Ltd		196
	36,616	e	JOYY, Inc (ADR)		2,008
	22,600	*,e	J-Stream, Inc		235
	30,238	*	Just Dial Ltd		400
	563,610	*,e	Juventus Football Club S.p.A.		471
	28,147		JYP Entertainment Corp		1,001
	56,662		Kadokawa Dwango Corp		3,153
	306,742	*,e	Kahoot! AS.		2,195
	97,814		Kakaku.com, Inc		3,159
	203,797		Kakao Corp		20,043
	46,600	*,e	Kamakura Shinsho Ltd		358
	16,895	*,e	Kinepolis Group NV		1,097
	35,790		Koei Tecmo Holdings Co Ltd		1,699
	66,157		Konami Corp		4,147
	30,931	*,e,g	Krafton, Inc		13,114
	24,441		KT Skylife Co Ltd		204
	316,800	*,e,g	Kuaishou Technology		3,381
	43,105	*	Lagardere S.C.A.		1,136
	474,059		Leo Group Co Ltd		183
	3,871	*	Liberty Braves Group (Class A)		104
	46,311	*	Liberty Braves Group (Class C)		1,224
	27,380	*	Liberty Broadband Corp (Class A)		4,609
	160,299	*	Liberty Broadband Corp (Class C)		27,684
	29,430	*	Liberty Media Group (Class A)		1,385
	276,195	*	Liberty Media Group (Class C)		14,199
	92,367	*	Liberty SiriusXM Group (Class A)		4,357
	181,717	*	Liberty SiriusXM Group (Class C)		8,626
	45,860	*	Liberty TripAdvisor Holdings, Inc		142
	119,508	*	LIFULL Co Ltd		396
	423,599	*,e	Lions Gate Entertainment Corp (Class A)		6,011
	459,541	*,e	Lions Gate Entertainment Corp (Class B)		5,974
	151,534	*	Live Nation, Inc		13,809
	663,532	*,e	LiveXLive Media, Inc		1,984
	4,811	e	Loral Space & Communications, Inc		207
	28,701		M6-Metropole Television		597
	20,999	*	Madison Square Garden Co		3,905
	29,379	*	Madison Square Garden Entertainment Corp		2,135
	525,591	*	Magnite, Inc		14,717
	1,435,040	*	Mail.Ru Group Ltd		29,533
	407,100	*	Major Cineplex Group PCL (Foreign)		260
	115,922		Mango Excellent Media Co Ltd		782
	27,821	*,e	Marcus Corp		485
	53,858		Marvelous, Inc		340

108

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	1,787,740	*	Match Group, Inc	$	280,657
	108,903	*	Media and Games Invest plc		628
	6,894,798		Media Nusantara Citra Tbk PT		400
	10,899	*	MediaAlpha, Inc		204
	228,978	*	Mediaset Espana Comunicacion SA		1,302
	358,006	e	Mediaset NV		1,024
	349,199	e	Megacable Holdings SAB de C.V.		1,067
	2,015,000	*,g	Meitu, Inc		388
	638,300		Meliuz S.A.		704
	86,206	*	Meredith Corp		4,802
	53,890		Mixi Inc		1,212
	16,731,600	*	MNC Vision Networks Tbk PT		278
	455,697	*,e,g	Mobvista, Inc		415
	124,210	*,e	Modern Times Group AB (B Shares)		1,504
	37,800		MTI Ltd		258
	419,147		MultiChoice Group Ltd		3,178
	336,579		NanJi E-Commerce Co Ltd		343
	76,252		National CineMedia, Inc		271
	241,065		Naver Corp		78,218
	10,749		NCsoft		5,445
	12,997	*	Neowiz		251
	11,950	*	Neptune Co		176
	248,134		NetDragon Websoft, Inc		558
	549,646		NetEase, Inc		46,940
	634,036	*	Netflix, Inc		386,978
	152,000	*	Netjoy Holdings Ltd		73
	13,403	g	Netmarble Corp		1,323
	4,311		New Work SE		1,059
	189,879	e	New York Times Co (Class A)		9,355
	627,078		News Corp (Class A)		14,755
	140,225		News Corp (Class B)		3,257
	721,378		Nexon Co Ltd		11,579
	47,685		Nexstar Media Group Inc		7,246
	9,729	*	NHN Corp		573
	1,792,294		Nine Entertainment Co Holdings Ltd		3,350
	241,930		Nintendo Co Ltd		115,614
	56,600		Nippon Television Network Corp		639
	89,609		Nordic Entertainment Group AB		4,839
	241,289		Omnicom Group, Inc		17,484
	793,835	*	oOh!media Ltd		1,008
	17,400		OPT, Inc		288
	5,447	*,e	Outbrain, Inc		81
	71,899	e	Paradox Interactive AB		1,151
	18,606	*	Pearl Abyss Corp		1,256
	815,391		Pearson plc		7,820
	115,534		Perfect World Co Ltd		269
	650,392	*	Pinterest, Inc		33,137
	1,523,405		Plan B Media PCL		277
	122,179	*	Playtika Holding Corp		3,376
	1,309		PlayWay S.A.		147
	125,100	*,e	PR Times, Inc		3,543
	244,140	*	Promotora de Informaciones S.A.		164
	204,382		ProSiebenSat. Media AG.		3,734
	61,008		Proto Corp		840
	272,856		Publicis Groupe S.A.		18,330
	46,222	*	PVR Ltd		991

109

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	196,531		Quebecor, Inc	$	4,750
	139,540	*	QuinStreet, Inc		2,450
	84,354	*,e	Qutoutiao, Inc (ADR)		84
	107,760	g	RAI Way S.p.A		652
	53,146		REA Group Ltd		5,986
	11,064		Remedy Entertainment Oyj		502
	2,385,731		Rightmove plc		21,918
	220,186	*	Roku, Inc		68,995
	48,649	e,g	Rovio Entertainment Oyj		325
	49,353	*,e	RPA Holdings, Inc		254
	422,000	*	RS PCL		219
	326,733	*	S4 Capital plc		3,720
	95,227		Sanoma-WSOY Oyj		1,494
	35,394	*	Saudi Research & Marketing Group		1,526
	75,536		Schibsted ASA		3,586
	97,924		Schibsted ASA (B Shares)		4,165
	32,579		Scholastic Corp		1,161
	48,428	*,e	Score Media and Gaming, Inc		1,660
	310,343	g	Scout24 AG.		21,555
	154,931	*,n	Sea Ltd (ADR)		49,381
	336,122		Seek Ltd		7,389
	2,252,200		Septeni Holdings Co Ltd		9,540
	706,222		SES S.A.		6,297
	512,458		Shaw Communications, Inc (B Shares)		14,897
	11,301	*	Shochiku Co Ltd		1,331
	49,016		Sinclair Broadcast Group, Inc (Class A)		1,553
	1,968,700	e	Singapore Press Holdings Ltd		2,822
	978,434	e	Sirius XM Holdings, Inc		5,968
	336,485	*,e	Skillz, Inc		3,304
	807,300		Sky Perfect Jsat Corp		3,094
	18,557	*	SM Entertainment Co		1,071
	617,600	*,†,e	SMI Holdings Group Ltd		1
	207,465	*	Snap, Inc		15,325
	47,454	e	Societe Television Francaise 1		465
	67,540		Soft-World International Corp		211
	30,041	*,e	Sohu.com Ltd (ADR)		626
	398,431		Southern Cross Media Group		618
	22,500	*,e	So-Young International, Inc (ADR)		96
	191,046	*	Spotify Technology S.A.		43,050
	52,800		Square Enix Co Ltd		2,822
	118,300	*	Stagwell, Inc		907
	370,652	*,e	Stillfront Group AB		2,350
	107,872	*,e	Storytel AB		2,371
	34,576		Stroer Out-of-Home Media AG.		2,848
	133,235	*	Sumo Group plc		874
	83,089		Sun TV Network Ltd		564
	3,535,200	*	Surya Citra Media Tbk PT		494
	438,133	*	Take-Two Interactive Software, Inc		67,503
	3,034	*	Tamedia AG.		501
	160,211	*	Team17 Group plc		1,651
	272,264	*	Technicolor S.A.		920
	59,906	*	TechTarget, Inc		4,937
	262,216	e	TEGNA, Inc		5,171
	54,363		Telenet Group Holding NV		2,076
	937,496	*	Television Broadcasts Ltd		741
	3,725		TEN Square Games S.A.		493

110

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	10,271,959		Tencent Holdings Ltd	$	613,223
	1,897,940	*	Tencent Music Entertainment (ADR)		13,760
	3,203	*	Thryv Holdings, Inc		96
	10,100	e	Toei Animation Co Ltd		1,863
	6,784		Toei Co Ltd		1,339
	97,345		Toho Co Ltd		4,586
	36,600		Tokyo Broadcasting System, Inc		559
	177,800	*	Tongdao Liepin Group		249
	134,905	*	Tremor International Ltd		1,232
	378,780		Trinity Mirror plc		1,784
	111,481	*	TripAdvisor, Inc		3,774
	122,647	*	TrueCar, Inc		510
	1,659,265	*,g	Trustpilot Group plc		8,621
	24,551		TV Asahi Corp		383
	395,897	*	TV18 Broadcast Ltd		201
	2,253,495	*	Twitter, Inc		136,089
	92,080	*	Ubisoft Entertainment		5,514
	1,365,410	*,e	Universal Music Group NV		36,560
	17,458		ValueCommerce Co Ltd		745
	32,335	*	Vector, Inc		334
	2,738,500		VGI PCL		490
	12,154	e,n	ViacomCBS, Inc (Class A)		511
	1,099,865	n	ViacomCBS, Inc (Class B)		43,456
	535,346	*	Vimeo, Inc		15,723
	1,394,780	e	Vivendi Universal S.A.		17,560
	3,720,343	*	Walt Disney Co		629,370
	13,424	*	Webzen, Inc		287
	42,126	*	Weibo Corp (ADR)		2,001
	18,106		WeMade Entertainment Co Ltd		1,052
	179,461	*	WideOpenWest, Inc		3,526
	51,604	e	World Wrestling Entertainment, Inc (Class A)		2,903
	8,000		Wowow, Inc		175
	1,561,901		WPP plc		20,926
	181,323	*	Wuhu Shunrong Sanqi Interactive Entertainment Network Technology Co Ltd		587
	188,800	*,e	XD, Inc		1,046
	729,238	*	Yandex NV		58,113
	168,893	*	Yelp, Inc		6,290
	10,430	*	YG Entertainment, Inc		538
	522,532		YouGov plc		8,871
	2,619,539		Z Holdings Corp		16,765
	854,046		ZEE Telefilms Ltd		3,469
	50,350		Zenrin Co Ltd		483
	466,013	*	Zhejiang Century Huatong Group Co Ltd		533
	63,000		ZIGExN Co Ltd		231
	67,049	*	Zillow Group, Inc (Class A)		5,939
	189,779	*	Zillow Group, Inc (Class C)		16,727
	594,798	*	ZoomInfo Technologies, Inc		36,396
	1,159,502	*	Zynga, Inc		8,731
			TOTAL MEDIA & ENTERTAINMENT		10,243,229
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 6.5%
	36,721	*	10X Genomics, Inc		5,346
	835,651	*,g	3SBio, Inc		819
	39,154	*,e	4D Molecular Therapeutics, Inc		1,056

111

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	32,630	*,e	89bio, Inc	$	639
	1,489,090	*,e	9 Meters Biopharma, Inc		1,936
	33,156		Aarti Drugs Ltd		270
	40,886	*,e	AB Science S.A.		608
	5,255,033		AbbVie, Inc		566,860
	261,605	*	Abcam plc		5,280
	26,125	*	ABLBio, Inc		417
	8,877	*,e	Absci Corp		103
	82,268	*	Acadia Pharmaceuticals, Inc		1,366
	64,914	*	Acceleron Pharma, Inc		11,172
	137,451	*,e	Aclaris Therapeutics, Inc		2,474
	6,004	*	Acumen Pharmaceuticals, Inc		89
	13,985	*	Adagio Therapeutics, Inc		591
	126,252	*	Adaptive Biotechnologies Corp		4,291
	82,079		Adcock Ingram Holdings Ltd		253
	31,991	*,e	Adicet Bio, Inc		251
	300,000		Adimmune Corp		558
	116,132	*	Adverum Biotechnologies, Inc		252
	51,492	*	Aeglea BioTherapeutics, Inc		409
	62,864	*,e	Aerie Pharmaceuticals, Inc		717
	6,409	*,e	Aerovate Therapeutics, Inc		134
	201,846	*	Affimed NV		1,247
	290,682	*	Agenus, Inc		1,526
	49,520		Agilent Technologies, Inc		7,801
	90,541	*	Agios Pharmaceuticals, Inc		4,178
	25,393		Ajanta Pharma Ltd		777
	132,055	*	Akebia Therapeutics, Inc		380
	14,114	*,e	Akero Therapeutics, Inc		315
	199,000	*,g	Akeso, Inc		1,089
	31,874	*,e	Akouos, Inc		370
	3,302	*	Akoya Biosciences, Inc		46
	8,423	*	Albireo Pharma, Inc		263
	75,281	*,†,e	Alder Biopharmaceuticals Inc		66
	107,614	*,e	Aldeyra Therapeutics, Inc		945
	103,687	*	Alector, Inc		2,366
	59,580		Alembic Pharmaceuticals Ltd		631
	8,689	*	Aligos Therapeutics, Inc		135
	8,054	*	ALK-Abello AS		3,379
	881,691	*	Alkermes plc		27,191
	33,836	*	Allakos, Inc		3,582
	1,196,971		Alliance Pharma plc		1,684
	202,458	*	Allogene Therapeutics, Inc		5,203
	9,522	*	Allovir, Inc		239
	81,213		Almirall S.A.		1,288
	401,516	*	Alnylam Pharmaceuticals, Inc		75,810
	11,659	*	Alpha Teknova, Inc		290
	1,535,280	*,g	Alphamab Oncology		3,481
	5,738	*,e	Alpine Immune Sciences, Inc		61
	16,287	*	Alteogen, Inc		988
	292,660	*,e	Altimmune, Inc		3,310
	6,616	*,e	ALX Oncology Holdings, Inc		489
	240,213		Amgen, Inc		51,081
	13,396	*	Amicogen, Inc		395
	678,664	*	Amicus Therapeutics, Inc		6,481
	1,000,532	*	Amneal Pharmaceuticals, Inc		5,343
	109,718	*	Amphastar Pharmaceuticals, Inc		2,086

112

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	97,015	*,e	Ampio Pharmaceuticals, Inc	$	161
	104,584	*	AnaptysBio, Inc		2,836
	22,519	*,e	Anavex Life Sciences Corp		404
	170,672	*,e	AnGes MG, Inc		1,050
	6,761	*,e	Angion Biomedica Corp		66
	12,237	*	ANI Pharmaceuticals, Inc		402
	16,960	*,e	Anika Therapeutics, Inc		722
	35,980	*,e	Annexon, Inc		670
	821,710	*	Antares Pharma, Inc		2,991
	7,230	*	Anterogen Co Ltd		446
	1,287,120	*,†	Anxin-China Holdings Ltd		2
	78,684	*	Apellis Pharmaceuticals, Inc		2,593
	36,271		Apeloa Pharmaceutical Co Ltd		213
	8,670	*	Applied Molecular Transport, Inc		224
	13,242	*,e	Applied Therapeutics, Inc		220
	14,632	*	AptaBio Therapeutics, Inc		485
	51,839	*,e	AquaBounty Technologies, Inc		211
	235,776	*,e	Arbutus Biopharma Corp		1,011
	31,174	*,e	Arcturus Therapeutics Holdings, Inc		1,489
	53,808	*,e	Arcus Biosciences, Inc		1,876
	100,787	*,e	Arcutis Biotherapeutics, Inc		2,408
	57,929	*,e	Ardelyx, Inc		76
	203,119	*	Arena Pharmaceuticals, Inc		12,096
	14,651	*	Argenx SE		4,404
	69,894	*	Argenx SE		21,121
	136,016	*	Arrowhead Pharmaceuticals Inc		8,491
	114,939	*	Arvinas, Inc		9,446
	138,700	*,e,g	Ascentage Pharma Group International		615
	272,000	*,g	Ascletis Pharma, Inc		93
	252,182		Aspen Pharmacare Holdings Ltd		4,537
	1,393,784		Astellas Pharma, Inc		22,940
	5,213		AstraZeneca Pharma India Ltd		217
	4,127,906		AstraZeneca plc		497,486
	2,462,737	e	AstraZeneca plc (ADR)		147,912
	14,916		Asymchem Laboratories Tianjin Co Ltd		1,027
	332,703	*	Atara Biotherapeutics, Inc		5,955
	71,779	*,e	Atea Pharmaceuticals, Inc		2,517
	70,070	*,e	Athenex, Inc		211
	123,204	*,e	Athersys, Inc		164
	40,414	*,e	Athira Pharma, Inc		379
	141,972	*,e	Atossa Therapeutics, Inc		463
	35,419	*,e	Atreca, Inc		221
	194,355		Aurobindo Pharma Ltd		1,891
	242,126	*,e	Aurora Cannabis, Inc		1,676
	371,050	*,e	Avacta Group plc		585
	447,579	*,e	Avalo Therapeutics, Inc		976
	4,547,506	*	Avantor, Inc		185,993
	380,381	*	Avid Bioservices, Inc		8,205
	32,120	*	Avidity Biosciences, Inc		791
	8,295	*,e	Avita Medical, Inc		147
	50,561	*	Avrobio, Inc		282
	211,537	*,e	Axsome Therapeutics, Inc		6,972
	13,075		Bachem Holding AG.		9,992
	14,592	*,e	Basilea Pharmaceutica		677
	345,706	*	Bausch Health Cos, Inc		9,640
	78,413	*	Bavarian Nordic AS		3,976

113

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	805,939		Bayer AG.	$	43,743
	55,768	*,e	Beam Therapeutics, Inc		4,852
	30,458	*	BeiGene Ltd (ADR)		11,056
	35,391		Beijing Tiantan Biological Products Corp Ltd		175
	248,000		Beijing Tong Ren Tang Chinese Medicine Co Ltd		326
	31,100		Beijing Wantai Biological Pharmacy Enterprise Co Ltd		1,065
	89,898	*,e	Berkeley Lights, Inc		1,758
	15,861		Betta Pharmaceuticals Co Ltd		229
	126,792	*,e	Beyondspring Inc		1,998
	18,220		BGI Genomics Co Ltd		247
	24,730	*	Binex Co Ltd		350
	52,706	*,g	BioArctic AB		979
	6,942	*,e	BioAtla, Inc		204
	472,264	*	Biocon Ltd		2,303
	503,230	*,e	BioCryst Pharmaceuticals, Inc		7,231
	490,978	*	BioDelivery Sciences International, Inc		1,772
	20,705		Biogaia AB (B Shares)		1,040
	79,010	*	Biogen, Inc		22,359
	65,109	*	Biohaven Pharmaceutical Holding Co Ltd		9,044
	294,793	*	BioMarin Pharmaceutical, Inc		22,785
	4,330	*,e	Biomea Fusion, Inc		52
	404,795	*,e	Bionano Genomics, Inc		2,226
	20,946	*	Bioneer Corp		1,143
	158,729	*	BioNTech SE (ADR)		43,331
	6,277	*	Bio-Rad Laboratories, Inc (Class A)		4,682
	75,032		Biotage AB		2,052
	11,724		Bio-Techne Corp		5,681
	5,749	*,e	Bioxcel Therapeutics Inc		174
	30,596	*,e	Black Diamond Therapeutics, Inc		259
	129,620	*,e	Bluebird Bio, Inc		2,477
	130,102	*	Blueprint Medicines Corp		13,376
	5,035		Boiron S.A.		237
	26,839	*,e	Bolt Biotherapeutics, Inc		340
	51,293	*,g	BoneSupport Holding AB		234
	25,618		Boryung Pharmaceutical Co Ltd		345
	145,236	*,e	Bridgebio Pharma, Inc		6,807
	4,354,922		Bristol-Myers Squibb Co		257,681
	15,212	*	Brooklyn ImmunoTherapeutics, Inc		141
	56,254		Bruker BioSciences Corp		4,393
	40,965		Bukwang Pharmaceutical Co Ltd		514
	35,300	*,e	Burning Rock Biotech Ltd (ADR)		631
	57,835	*	C4 Therapeutics, Inc		2,584
	29,479	*,e	Calliditas Therapeutics AB		324
	39,809	*,e	Camurus AB		746
	260,855	*,e	Canopy Growth Corp (Toronto)		3,614
	5,388	*	CanSino Biologics, Inc		283
	54,475	*,e,g	CanSino Biologics, Inc		1,927
	139,347	*	Cara Therapeutics, Inc		2,153
	149,610	*,e	Cardiff Oncology, Inc		996
	127,444	*	CareDx, Inc		8,076
	3,525		Caregen Co Ltd		211
	12,327	*	Caribou Biosciences, Inc		294
	69,723	*,e	Cassava Sciences, Inc		4,328
	667,735	*	Catalent, Inc		88,855
	223,385	*	Catalyst Pharmaceuticals, Inc		1,184
	5,543	*,e	Celcuity, Inc		100

114

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	24,770	*	Celldex Therapeutics, Inc	$	1,337
	50,721	*	Cellectis S.A.		646
	6,328	*	Cellid Co Ltd		467
	38,010	*,e	CELLINK AB		2,250
	13,345	*	Cellivery Therapeutics, Inc		594
	2,000	*	CellSource Co Ltd		340
	10,915	*	Celltrion Pharm Inc		1,336
	105,884	*,e	Celltrion, Inc		23,000
	23,765		Celon Pharma S.A.		224
	18,551	*,e	CEL-SCI Corp		204
	350,263		Center Laboratories, Inc		763
	7,631	*	Century Therapeutics, Inc		192
	45,044	*,e	Cerevel Therapeutics Holdings, Inc		1,329
	15,114		Changchun High & New Technology Industry Group, Inc		640
	99,379	*	Charles River Laboratories International, Inc		41,011
	133,718	*	Charlottes Web Holdings, Inc		264
	59,748	*	ChemoCentryx, Inc		1,022
	49,274		Chemometec A.S.		7,546
	133,075	*	Chimerix, Inc		824
	1,015,500		China Grand Pharmaceutical and Healthcare Holdings Ltd		810
	911,660		China Medical System Holdings Ltd		1,661
	1,352,893	g	China Resources Pharmaceutical Group Ltd		664
	65,820		China Resources Sanjiu Medical & Pharmaceutical Co Ltd		287
	462,560		China Shineway Pharmaceutical Group Ltd		440
	92,381	*	Chinook Therapeutics, Inc		1,179
	2,898		Chong Kun Dang Pharm Corp		207
	6,708		Chong Kun Dang Pharmaceutical Corp		676
	61,780		Chongqing Zhifei Biological Products Co Ltd		1,510
	13,417		Choongwae Pharma Corp		286
	309,212	*,e	ChromaDex Corp		1,939
	235,906		Chugai Pharmaceutical Co Ltd		8,633
	330,170		Cipla Ltd		4,365
	149,442	*,e	Citius Pharmaceuticals, Inc		303
	3,094,000	e	CK Life Sciences International Holdings, Inc		290
	17,238	*,e	Clene, Inc		118
	151,440		Clinigen Group plc		1,296
	50,612	e	Clinuvel Pharmaceuticals Ltd		1,548
	39,435	*,e	Clovis Oncology, Inc		176
	98,018	*	CMG Pharmaceutical Co Ltd		332
	2,008	*	Codex DNA, Inc		22
	116,366	*	Codexis, Inc		2,707
	8,238	*	Codiak Biosciences, Inc		135
	38,044	*,e	Cogent Biosciences, Inc		320
	135,514	*	Coherus Biosciences, Inc		2,178
	11,601	*	Collegium Pharmaceutical, Inc		229
	110,525	*,e	Compugen Ltd		660
	341,126		Consun Pharmaceutical Group Ltd		156
	34,995	*	Corcept Therapeutics, Inc		689
	109,692	*,e	CorMedix Inc		510
	7,527	*,e	Cortexyme Inc		690
	8,508	*,e	COSMO Pharmaceuticals NV		735
	16,690	*	Crinetics Pharmaceuticals, Inc		351
	37,572	*	CRISPR Therapeutics AG.		4,205

115

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	249,897	*,e	Cronos Group, Inc	$	1,411
	55,738	*	CrystalGenomics, Inc		363
	474,685		CSL Ltd		99,176
	7,858,054		CSPC Pharmaceutical Group Ltd		9,377
	498,000	*,e,g	CStone Pharmaceuticals		696
	13,537	*	Cue Biopharma, Inc		197
	123,054	*,e	Cullinan Oncology, Inc		2,777
	3,953	*,e	CureVac NV		216
	40,736	*	Curis, Inc		319
	92,882	*	Cymabay Therapeutics, Inc		339
	5,330	*,e	Cyteir Therapeutics, Inc		94
	8,748	*	Cytek Biosciences, Inc		187
	59,010	*,e	Cytokinetics, Inc		2,109
	38,930	*	CytomX Therapeutics, Inc		198
	75,071		Da An Gene Co Ltd of Sun Yat-Sen University		216
	12,829		Daewon Pharmaceutical Co Ltd		199
	93,474		Daewoong Co Ltd		2,605
	9,393		Daewoong Pharmaceutical Co Ltd		1,145
	3,207,601		Daiichi Sankyo Co Ltd		85,262
	12,201		Daito Pharmaceutical Co Ltd		366
	7,060	*	Day One Biopharmaceuticals, Inc		168
	634,683		Dechra Pharmaceuticals plc		41,476
	29,394	*	Deciphera Pharmaceuticals, Inc		999
	103,488	*	Denali Therapeutics, Inc		5,221
	25,687		Dermapharm Holding SE		2,472
	19,514	*,e	DermTech, Inc		627
	11,303	*	Design Therapeutics, Inc		166
	138,683	*	Dicerna Pharmaceuticals, Inc		2,796
	268,139		Divi S Laboratories Ltd		17,312
	3,413		Dong-A Pharmaceutical Co Ltd		333
	5,111		Dong-A ST Co Ltd		323
	43,371		Dong-E-E-Jiao Co Ltd		235
	22,979		DongKook Pharmaceutical Co Ltd		445
	18,490		Dongwha Pharm Co Ltd		274
	116,188		Dr Reddy’s Laboratories Ltd		7,622
	105,242		Dr Reddys Laboratories Ltd (ADR)		6,855
	396,000		Duopharma Biotech Bhd		171
	274,058	*	Durect Corp		351
	539,220	*,e	Dynavax Technologies Corp		10,358
	35,312	*,e	Dyne Therapeutics, Inc		573
	9,233	*	Eagle Pharmaceuticals, Inc		515
	6,061	*,e	Edgewise Therapeutics, Inc		101
	193,329	*	Editas Medicine, Inc		7,942
	45,802	*	Eiger BioPharmaceuticals, Inc		306
	132,000	*	EirGenix, Inc		599
	648,618		Eisai Co Ltd		48,586
	524,442	*	Elanco Animal Health, Inc		16,724
	1,276,636		Eli Lilly & Co		294,967
	4,639	*,e	Eliem Therapeutics, Inc		83
	73,814	*	Emergent Biosolutions, Inc		3,696
	21,078	*	Enanta Pharmaceuticals, Inc		1,197
	158,503	*	Endo International plc		514
	6,640	*	Enzychem Lifesciences Corp		404
	58,193	*	Eone Diagnomics Genome Center Co Ltd		179
	28,676	*,e	Epizyme, Inc		147
	13,138	*	Erasca, Inc		279

116

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	84,560	*	Ergomed plc	$	1,504
	33,873	g	Eris Lifesciences Ltd		345
	10,570	*,e	Esperion Thereapeutics, Inc		127
	246,000		Essex Bio-technology Ltd		182
	85,474	*	Eubiologics Co Ltd		4,013
	260,723		Eurofins Scientific SE		33,475
	5,968	*	Eutilex Co Ltd		127
	13,130	*,e	Evelo Biosciences, Inc		92
	29,000	*	Ever Supreme Bio Technology Co Ltd		287
	158,436	*,e	Evolus, Inc		1,207
	322,475	*	Evotec AG.		15,291
	153,666	*	Exact Sciences Corp		14,667
	414,410	*,e	Exelixis, Inc		8,761
	27,410	*,e	EyePoint Pharmaceuticals, Inc		286
	593,080		Faes Farma S.A. (Sigma)		2,322
	158,816	*	Fate Therapeutics, Inc		9,413
	41,401	*	FDC Ltd		194
	36,338	*	FibroGen, Inc		371
	8,070	*,e	Finch Therapeutics Group, Inc		105
	24,088	*,e	Flexion Therapeutics, Inc		147
	634,544	*,e	Fluidigm Corp		4,182
	22,034	*,e	Foghorn Therapeutics, Inc		307
	36,880	*,e	Forma Therapeutics Holdings, Inc		855
	14,471	*,e	Forte Biosciences, Inc		43
	31,401	*,e	Fortress Biotech, Inc		101
	43,825	*,e	Frequency Therapeutics, Inc		309
	60,291	*,e	Fulcrum Therapeutics, Inc		1,701
	117,009	*,e	G1 Therapeutics, Inc		1,570
	54,304	*	Galapagos NV		2,841
	1,962	*,e	Galapagos NV		103
	32,872	*,e	Gemini Therapeutics, Inc		133
	39,916	*	GeneOne Life Science, Inc		1,141
	17,498	*	Generation Bio Co		439
	25,600	*,e	Genetron Holdings Ltd (ADR)		355
	18,275	*	Genexine Co Ltd		1,087
	337,039	*	Genmab A.S. (ADR)		14,729
	137,743	*	Genmab AS		60,183
	742,056	*,e	Genomma Lab Internacional S.A. de C.V.		704
	154,000	*,e,g	Genor Biopharma Holdings Ltd		283
	1,769,386	*	Genscript Biotech Corp		6,791
	86,924		Genus plc		6,355
	380,598	*,e	Geron Corp		521
	69,515		Gerresheimer AG.		6,802
	3,521,709		Gilead Sciences, Inc		245,991
	1,995,028		GlaxoSmithKline plc		37,652
	188,224		Glenmark Pharmaceuticals Ltd		1,290
	20,413	*	Global Blood Therapeutics, Inc		520
	55,301	*,e	GNI Group Ltd		813
	72,243	*	Gossamer Bio, Inc		908
	133,762		Granules India Ltd		574
	10,764	*	Graphite Bio, Inc		176
	5,960		Green Cross Cell Corp		192
	3,639		Green Cross Corp		1,009
	21,344		Green Cross Holdings Corp		564
	4,921		Green Cross LabCell Corp		411
	1,999	*,e	Greenwich Lifesciences, Inc		78

117

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	59,399	e	Grifols S.A.	$	1,450
	227,379	*	Gritstone Oncology, Inc		2,456
	11,911	*	GT Biopharma, Inc		80
	55,912		Guangzhou Baiyunshan Pharmaceutical Holdings Co Ltd		257
	122,780		H Lundbeck AS		3,336
	415,137	*	Halozyme Therapeutics, Inc		16,888
	29,263	*	Hanall Biopharma Co Ltd		518
	8,846		Handok Pharmaceuticals Co Ltd		184
	27,970		Hangzhou Tigermed Consulting Co Ltd		752
	86,353	g	Hangzhou Tigermed Consulting Co Ltd (Hong Kong)		1,826
	4,247		Hanmi Pharm Co Ltd		981
	48,076	*	Hansa Biopharma AB		641
	793,839	g	Hansoh Pharmaceutical Group Co Ltd		2,010
	193,788	*,e	Harmony Biosciences Holdings, Inc		7,428
	9,887	*,e	Harpoon Therapeutics, Inc		78
	27,445	*	Harvard Bioscience, Inc		192
	151,000		Haw Par Corp Ltd		1,280
	23,000	*,e	HEALIOS KK		401
	31,718	*	Helixmith Co Ltd		639
	326,883	*,e	Heron Therapeutics, Inc		3,494
	244,955	*,e	HEXO Corp		449
	40,373		Hikma Pharmaceuticals plc		1,328
	9,734		Hisamitsu Pharmaceutical Co, Inc		368
	49,453	*,e	Homology Medicines, Inc		389
	125,656	*,e	Hookipa Pharma, Inc		740
	1,692,441	*	Horizon Therapeutics Plc		185,390
	2,548,684	*,†,e	Hua Han Health Industry Holdings Ltd		20
	645,000	*,g	Hua Medicine		389
	77,920		Hualan Biological Engineering, Inc		335
	6,707	*	Hugel, Inc		970
	22,892	*,e	Humanigen, Inc		136
	74,354		Humanwell Healthcare Group Co Ltd		232
	5,911		Huons Co Ltd		270
	5,441		Huons Global Co Ltd		279
	58,680	*	Hutchison China MediTech Ltd (ADR)		2,148
	704,244		Hypermarcas S.A.		4,156
	301,078	*,e	iBio, Inc		319
	54,434	*	ICON plc		14,263
	8,576	*	Icosavax, Inc		254
	37,192	*	Ideaya Biosciences, Inc		948
	134,487	*,e	Idorsia Ltd		3,242
	2,980	*,e	IGM Biosciences, Inc		196
	11,199	*,e	Ikena Oncology, Inc		141
	14,563	*	Il Dong Pharmaceutical Co Ltd		169
	373,080	*	Illumina, Inc		151,325
	42,944		Ilyang Pharmaceutical Co Ltd		1,138
	56,500	*	I-Mab (ADR)		4,096
	6,393	*,e	Imago Biosciences, Inc		128
	11,800		Imeik Technology Development Co Ltd		1,093
	5,332	*,e	Immuneering Corp		142
	44,128	*	Immunic, Inc		391
	71,688	*,e	ImmunityBio, Inc		698
	282,398	*	Immunogen, Inc		1,601
	110,000	*,e	Immunotech Biopharm Ltd		219
	89,269	*	Immunovant, Inc		776

118

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	2,774	*	Impel Neuropharma, Inc	$	34
	5,372,409	*	Imugene Ltd		1,811
	170,946	*	Incyte Corp		11,758
	907,917	*	Indivior plc		2,640
	40,493	*,e	Infinity Pharmaceuticals, Inc		138
	9,837	*,e	Inhibrx, Inc		328
	585,000	*,g	InnoCare Pharma Ltd		1,567
	1,535,073	*,g	Innovent Biologics, Inc		14,783
	379,999	*	Innoviva, Inc		6,350
	73,859	*	Inotiv, Inc		2,160
	244,993	*,e	Inovio Pharmaceuticals, Inc		1,754
	19,325	*,e	Inozyme Pharma, Inc		224
	148,534	*	Insmed, Inc		4,091
	15,881	*,e	Instil Bio, Inc		284
	140,857	*	Intellia Therapeutics, Inc		18,896
	10,203	*,e	Intercept Pharmaceuticals, Inc		152
	47,401	*	Intra-Cellular Therapies, Inc		1,767
	24,918	*	iNtRON Biotechnology, Inc		460
	400,624	*,e	Invitae Corp		11,390
	26,008		IOL Chemicals and Pharmaceuticals Ltd		207
	209,027	*	Ionis Pharmaceuticals, Inc		7,011
	233,037	*	Iovance Biotherapeutics, Inc		5,747
	204,972		Ipca Laboratories Ltd		6,634
	9,219		Ipsen		878
	468,470	*	IQVIA Holdings, Inc		112,217
	902,925	*	Ironwood Pharmaceuticals, Inc		11,792
	47,431	*	iTeos Therapeutics, Inc		1,281
	178,073	*	IVERIC bio, Inc		2,892
	8,517	*,e	Janux Therapeutics, Inc		184
	69,671	*	Jazz Pharmaceuticals plc		9,072
	34,000		JB Chemicals & Pharmaceuticals Ltd		852
	76,044		JCR Pharmaceuticals Co Ltd		1,902
	6,413		Jeil Pharmaceutical Co Ltd		197
	10,786	*	JETEMA Co Ltd		291
	257,011		Jiangsu Hengrui Medicine Co Ltd		1,995
	96,966		Jilin Aodong Pharmaceutical Group Co Ltd		252
	3,998,709		Johnson & Johnson		645,792
	52,258		Joincare Pharmaceutical Group Industry Co Ltd		92
	7,280		Joinn Laboratories China Co Ltd		178
	82,396	*	Jounce Therapeutics, Inc		612
	64,004		Jubilant Organosys Ltd		534
	168,500	*,e,g	JW Cayman Therapeutics Co Ltd		322
	66,489	*	Kadmon Holdings, Inc		579
	44,179		Kaken Pharmaceutical Co Ltd		1,818
	41,686	*,e	Kala Pharmaceuticals, Inc		109
	23,244,806		Kalbe Farma Tbk PT		2,316
	9,897	*,e	Kaleido Biosciences Inc		54
	37,270	*	KalVista Pharmaceuticals Inc		650
	49,309	*	Karo Pharma AB		311
	8,371	*,e	Karuna Therapeutics, Inc		1,024
	111,090	*,e	Karyopharm Therapeutics, Inc		647
	23,747	*,e	KemPharm, Inc		222
	22,664	*	Keros Therapeutics, Inc		897
	86,286	*	Kezar Life Sciences, Inc		746
	25,381	*	Kiniksa Pharmaceuticals Ltd		289
	29,056	*,e	Kinnate Biopharma, Inc		669

119

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	28,900		Kissei Pharmaceutical Co Ltd	$	622
	130,942	*	Knight Therapeutics, Inc		553
	12,619	*,e	Kodiak Sciences, Inc		1,211
	37,805	*	Komipharm International Co Ltd		319
	8,636		Korea United Pharm Inc		386
	52,120	*,e	Kronos Bio, Inc		1,092
	15,674	*	Krystal Biotech Inc		818
	73,953	*	Kura Oncology, Inc		1,385
	32,421		Kwang Dong Pharmaceutical Co Ltd		218
	26,084	*,e	Kymera Therapeutics, Inc		1,532
	49,781		Kyorin Co Ltd		792
	592,915		Kyowa Hakko Kogyo Co Ltd		21,375
	13,761		L&C Bio Co Ltd		427
	23,142		Laboratorios Farmaceuticos Rovi S.A		1,515
	2,355	*	Landos Biopharma, Inc		34
	332,429	g	Laurus Labs Ltd		2,743
	177,500	e	Lee’s Pharmaceutical Holdings Ltd		88
	20,108	*	LegoChem Biosciences, Inc		820
	234,794	*	Lexicon Pharmaceuticals, Inc		1,129
	16,288	*,e	Ligand Pharmaceuticals, Inc (Class B)		2,269
	154,392	*,e	Lineage Cell Therapeutics, Inc		389
	15,817		Livzon Pharmaceutical Group, Inc		95
	272,480		Lonza Group AG.		204,390
	94,000		Lotus Pharmaceutical Co Ltd		363
	149,243		Lupin Ltd		1,905
	1,737,500	*,e,g	Luye Pharma Group Ltd		903
	15,141	*	Lyell Immunopharma, Inc		224
	66,178		Maccura Biotechnology Co Ltd		294
	85,556	*	MacroGenics, Inc		1,792
	33,284	*,e	Madrigal Pharmaceuticals, Inc		2,656
	18,690	*,e	Magenta Therapeutics, Inc		136
	1,688,027	*,e	MannKind Corp		7,343
	200,578	*	Maravai LifeSciences Holdings, Inc		9,844
	11,755	*,e	Marinus Pharmaceuticals, Inc		134
	49,102	*,e	MaxCyte, Inc		600
	2,834,019	*	Mayne Pharma Group Ltd		578
	146,000	*	Medigen Vaccine Biologics Corp		1,433
	45,683	*	Medpace Holdings, Inc		8,647
	13,174	*	MedPacto, Inc		674
	4,631	*	Medy-Tox, Inc		616
	273,130		Mega Lifesciences PCL		404
	51,806	*	MEI Pharma, Inc		143
	32,601	*	MeiraGTx Holdings plc		430
	3,750,945		Merck & Co, Inc		281,733
	630,395		Merck KGaA		136,443
	6,583		Merck Ltd		479
	68,673	*	Mersana Therapeutics, Inc		648
	697,504	*,e	Mesoblast Ltd		834
	30,783	*	Mettler-Toledo International, Inc		42,399
	6,534	*	Mezzion Pharma Co Ltd		918
	69,924	*,e	MiMedx Group, Inc		424
	410,409	*,e	Mind Medicine MindMed, Inc		956
	395,656	*,e	Mind Medicine MindMed, Inc		953
	46,217	*	Mirati Therapeutics, Inc		8,176
	4,341	*	Mirum Pharmaceuticals, Inc		86
	21,597	*,e	Mithra Pharmaceuticals S.A.		475

120

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	28,975		Mochida Pharmaceutical Co Ltd	$	883
	15,000	*,e	Modalis Therapeutics Corp		179
	373,771	*	Moderna, Inc		143,850
	26,311	*,e	Molecular Partners AG.		514
	19,432	*,e	Molecular Templates, Inc		130
	7,477	*	Monte Rosa Therapeutics, Inc		167
	16,408	*	Morphic Holding, Inc		929
	84,388	*	Morphosys AG.		3,995
	282,373	*	Mustang Bio, Inc		760
	91,892	*	Myriad Genetics, Inc		2,967
	42,487		Nanjing King-Friend Biochemical Pharmaceutical Co Ltd		236
	67,812	*	NanoString Technologies, Inc		3,256
	91,405		Natco Pharma Ltd		1,094
	178,831	*	Natera, Inc		19,929
	47,991	*	Naturecell Co Ltd		837
	165,230	*,e	Nektar Therapeutics		2,968
	129,875	*	NeoGenomics, Inc		6,265
	41,416	*	Neoleukin Therapeutics, Inc		299
	89,106	*	Neurocrine Biosciences, Inc		8,546
	12,825	*	NexImmune, Inc		194
	87,384	*	NGM Biopharmaceuticals Inc		1,837
	69,602	e	Nichi-iko Pharmaceutical Co Ltd		561
	27,100		Nippon Shinyaku Co Ltd		2,253
	17,847	*,e	Nkarta, Inc		496
	28,204	*	NKMax Co Ltd		531
	1,443,101		Novartis AG.		118,333
	111,870	*	Novavax, Inc		23,192
	1,995,380		Novo Nordisk AS		192,334
	13,048	*	Nurix Therapeutics, Inc		391
	7,854	*,e	Nuvalent, Inc		177
	241,295	*	Nuvation Bio, Inc		2,398
	128,963	*	OBI Pharma, Inc		479
	188,260	*,e	Ocugen, Inc		1,352
	108,810	*	Ocular Therapeutix, Inc		1,088
	210,000	*,g	Ocumension Therapeutics		504
	103,528	*,e	Olema Pharmaceuticals, Inc		2,853
	8,994	*	OliX Pharmaceuticals, Inc		290
	4,830	*	Omega Therapeutics, Inc		91
	21,795	*,e	Omeros Corp		301
	281,494	*	Oncocyte Corp		1,002
	65,907	*,e,g	Oncopeptides AB		316
	69,940	*,e	Oncorus, Inc		653
	140,888	*,e	Oncternal Therapeutics, Inc		588
	147,679	*	Oneness Biotech Co Ltd		975
	73,788		Ono Pharmaceutical Co Ltd		1,683
	468,874	*,e	Opko Health, Inc		1,711
	10,712	*	Oramed Pharmaceuticals, Inc		235
	310,468	*,e	Organigram Holdings, Inc		716
	476,607	*	Organogenesis Holdings Inc		6,787
	241,027		Organon & Co		7,903
	31,708	*,e	ORIC Pharmaceuticals, Inc		663
	20,407		Orion Oyj (Class B)		808
	22,110	*	Oscotec, Inc		606
	75,680		Otsuka Holdings KK		3,236
	43,359	*,e	Outlook Therapeutics, Inc		94

121

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	68,444	*	Oxford Biomedica plc	$	1,428
	85,000	*	Oxford Nanopore Technologies plc		487
	36,538	*,e	Oyster Point Pharma, Inc		433
	402,200	*	Pacific Biosciences of California, Inc		10,276
	117,067	*	Pacira BioSciences Inc		6,556
	437,630	*	Paion AG.		889
	28,318	*,e	Paratek Pharmaceuticals, Inc		138
	87,183	*	Passage Bio, Inc		868
	285,500	*	PeptiDream, Inc		9,320
	51,930		PerkinElmer, Inc		8,999
	195,266		Perrigo Co plc		9,242
	49,610	*	Personalis, Inc		954
	8,839,901		Pfizer, Inc		380,204
	90,800	e	Pharma Foods International Co Ltd		2,171
	18,996		Pharma Mar S.A.		1,634
	5,344		PHARMA RESEARCH PRODUCTS Co Ltd		379
	105,472		PharmaEngine Inc		208
	186,480	*	PharmaEssentia Corp		593
	69,951	*,†	Pharmally International Holding Co Ltd		0	^
	21,400		Pharmaron Beijing Co Ltd		712
	151,082	g	Pharmaron Beijing Co Ltd		3,604
	55,743	*	Pharmicell Co Ltd		690
	681,469	*,e	Pharming Group NV		643
	7,204	*	Phathom Pharmaceuticals, Inc		231
	130,652		Phibro Animal Health Corp		2,814
	8,631	*,e	Pliant Therapeutics, Inc		146
	19,566	*	PMV Pharmaceuticals, Inc		583
	6,264	*,e	Portage Biotech, Inc		127
	38,451	*,e	Poseida Therapeutics, Inc		280
	227,387	*	PPD, Inc		10,639
	28,871	*,e	Praxis Precision Medicines, Inc		534
	322,592	*,e	Precigen, Inc		1,610
	19,406	*	Precision BioSciences Inc		224
	4,508	*,e	Prelude Therapeutics, Inc		141
	115,448	*	Prestige Consumer Healthcare, Inc.		6,478
	83,715	*,†	Progenics Pharmaceuticals, Inc		0
	13,390	*	Prometheus Biosciences, Inc		317
	40,426	*	Protagonist Therapeutics, Inc		716
	135,899	*	Prothena Corp plc		9,680
	71,710	*,e	Provention Bio, Inc		459
	43,567	*	PTC Therapeutics, Inc		1,621
	15,996	*	Puma Biotechnology, Inc		112
	68,123	*	QIAGEN NV		3,521
	109,836	*	QIAGEN NV (Turquoise)		5,699
	33,043	*	Quanterix Corp		1,645
	106,575	*	Radius Health, Inc		1,323
	5,550	*	Rain Therapeutics, Inc		83
	1,875	*,e	Rallybio Corp		33
	5,220	*	Rapid Micro Biosystems, Inc		96
	7,435	*	RAPT Therapeutics, Inc		231
	13,078	*,e	Reata Pharmaceuticals, Inc		1,316
	19,887		Recordati S.p.A.		1,153
	22,429	*,e	Recursion Pharmaceuticals, Inc		516
	101,165	*	Regeneron Pharmaceuticals, Inc		61,223
	29,506	*	REGENXBIO, Inc		1,237
	43,601	*	Relay Therapeutics, Inc		1,375

122

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	1,938,327	*,e	Relief Therapeutics Holding AG.	$	280
	6,268	*	Relmada Therapeutics, Inc		164
	2,113	*,e	Reneo Pharmaceuticals, Inc		16
	64,173	*	Repligen Corp		18,545
	17,089	*	Replimune Group, Inc		507
	25,592	*	Revance Therapeutics, Inc		713
	117,343	*	REVOLUTION Medicines, Inc		3,228
	51,494	*	Rhythm Pharmaceuticals, Inc		673
	151,778		Richter Gedeon Rt		4,151
	118,536	*	Rigel Pharmaceuticals, Inc		430
	966,627		Roche Holding AG.		352,790
	6,514	e	Roche Holding AG.		2,674
	15,339	*	Rocket Pharmaceuticals, Inc		458
	363,074		Royalty Pharma plc		13,121
	15,790	*,e	Rubius Therapeutics, Inc		282
	92,151	*	Sage Therapeutics, Inc		4,083
	13,257	*	Sam Chun Dang Pharm Co Ltd		550
	9,717		Samjin Pharmaceutical Co Ltd		204
	24,485	*,g	Samsung Biologics Co Ltd		17,967
	32,868	*,e	Sana Biotechnology, Inc		740
	39,124	*,e	SanBio Co Ltd		419
	244,783	*	Sangamo Therapeutics Inc		2,205
	7,871		Sanofi India Ltd		827
	1,196,197		Sanofi-Aventis		115,151
	424,783		Santen Pharmaceutical Co Ltd		5,974
	179,219	*	Sarepta Therapeutics, Inc		16,574
	60,620		Sartorius Stedim Biotech		33,875
	57,750		Saudi Pharmaceutical Industries & Medical Appliances Corp		717
	46,417		Sawai Group Holdings Co Ltd		2,160
	204,127	*	Schnell Biopharmaceuticals, Inc		180
	13,501	*,e	Scholar Rock Holding Corp		446
	180,960		Scinopharm Taiwan Ltd		160
	733,374	*	Seagen, Inc		124,527
	116,688		Searle Co Ltd		138
	23,621	e	Seegene, Inc		1,198
	53,325	*	Seelos Therapeutics, Inc		129
	86,880	*,e	Seer, Inc		3,000
	51,000		Seikagaku Corp		485
	517,030	*	Selecta Biosciences, Inc		2,151
	26,322	*,e	Sensei Biotherapeutics, Inc		277
	3,668	*,e	Sera Prognostics, Inc		41
	68,207	*,e	Seres Therapeutics, Inc		475
	278,481	*,e	Sesen Bio, Inc		221
	41,313		Shandong Buchang Pharmaceuticals Co Ltd		118
	79,788		Shanghai Fosun Pharmaceutical Group Co Ltd		642
	335,929	e	Shanghai Fosun Pharmaceutical Group Co Ltd (Hong Kong)		1,720
	203,000		Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co Ltd		101
	444,900		Shanghai Haixin Group Co		163
	273,937		Shanghai RAAS Blood Products Co Ltd		289
	12,809	*,e	Shattuck Labs, Inc		261
	14,775		Shenzhen Hepalink Pharmaceutical Group Co Ltd		35
	27,230		Shenzhen Kangtai Biological Products Co Ltd		463
	32,325	*	Shenzhen Salubris Pharmaceuticals Co Ltd		145
	44,207		Shijiazhuang Yiling Pharmaceutical Co Ltd		113

123

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	33,864		Shilpa Medicare Ltd	$	253
	21,270	e	Shin Poong Pharmaceutical Co Ltd		1,013
	55,022		Shionogi & Co Ltd		3,765
	57,155		Sichuan Kelun Pharmaceutical Co Ltd		158
	4,807		Siegfried Holding AG.		4,283
	23,197	*	SIGA Technologies, Inc		171
	14,248	*,e	Sigilon Therapeutics, Inc		81
	3,562,000	e	Sihuan Pharmaceutical Holdings		757
	32,473	*	Silence Therapeutics plc		228
	13,434	*,†,e	SillaJen, Inc		0
	18,170	*,e	Silverback Therapeutics, Inc		181
	7,149	*,e	Singular Genomics Systems, Inc		80
	9,574,236		Sino Biopharmaceutical		7,944
	17,105	*	SK Biopharmaceuticals Co Ltd		1,460
	21,009	*	SK Bioscience Co Ltd		4,800
	12,870		Solara Active Pharma Sciences Ltd		276
	211,588	*,e	Solid Biosciences, Inc		506
	328,603	*,e	Sorrento Therapeutics, Inc		2,507
	89,008	*,e	Sosei Group		1,511
	254,645	*,e	Sotera Health Co		6,659
	70,902	*	Spectrum Pharmaceuticals, Inc		155
	10,523	*,e	Spero Therapeutics, Inc		194
	35,253	*	SpringWorks Therapeutics, Inc		2,236
	11,375	*,e	Spruce Biosciences, Inc		68
	28,498	*,e	SQZ Biotechnologies Co		411
	694,369		SSY Group Ltd		374
	9,139	*	ST Pharm Co Ltd		729
	6,377	*,e	Stoke Therapeutics, Inc		162
	57,779		Strides Arcolab Ltd		457
	1,169,575		Sumitomo Dainippon Pharma Co Ltd		20,905
	39,331	*,e	Summit Therapeutics, Inc		197
	66,092	*	Sun Pharma Advanced Research Company Ltd		263
	1,267,191		Sun Pharmaceutical Industries Ltd		13,945
	265,216	*	Supernus Pharmaceuticals, Inc		7,073
	42,285	*,e	Surface Oncology, Inc		320
	47,901	*	Sutro Biopharma, Inc		905
	87,034		Suven Pharmaceuticals Ltd		617
	81,511		SwedenCare AB		1,348
	239,811	*	Swedish Orphan Biovitrum AB		6,468
	43,507	*,e	Syndax Pharmaceuticals, Inc		831
	151,669	*	Syneos Health, Inc		13,268
	120,926	*,g	Syngene International Ltd		976
	53,090	*	Syros Pharmaceuticals, Inc		237
	297,799	*	Taigen Biopharmaceuticals Holdings Ltd		183
	178,000	*	TaiMed Biologics, Inc		504
	9,378		Taisho Pharmaceutical Holdings Co Ltd		547
	105,533		Takara Bio, Inc		2,974
	873,010		Takeda Pharmaceutical Co Ltd		28,794
	6,603	*,e	Talaris Therapeutics, Inc		90
	150,073	*	Tanvex BioPharma, Inc		245
	28,903	*,e	Taro Pharmaceutical Industries Ltd		1,839
	6,115	*	Tarsus Pharmaceuticals, Inc		132
	10,359	*,e	Taysha Gene Therapies, Inc		193
	40,243	*	TCR2 Therapeutics Inc		342
	23,527		Tecan Group AG.		13,325
	213,001	*	Telix Pharmaceuticals Ltd		917

124

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	9,142	*	Tenaya Therapeutics, Inc	$	189
	9,285	*,e	Terns Pharmaceuticals, Inc		97
	222,072	*	Teva Pharmaceutical Industries Ltd (ADR)		2,163
	133,721	*	TG Therapeutics, Inc		4,450
	626,786	*,e	TherapeuticsMD, Inc		465
	22,080	*	Theravance Biopharma, Inc		163
	409,969		Thermo Fisher Scientific, Inc		234,228
	224,400	e	Tianjin ZhongXin Pharmaceutical Group Corp Ltd		240
	580,000		Tong Ren Tang Technologies Co Ltd		433
	56,381		Tonghua Dongbao Pharmaceutical Co Ltd		92
	778,352	*,e	Tonix Pharmaceuticals Holding Corp		468
	14,565		Torii Pharmaceutical Co Ltd		382
	46,080		Torrent Pharmaceuticals Ltd		1,909
	26,913		Towa Pharmaceutical Co Ltd		763
	103,923	*	Travere Therapeutics, Inc		2,520
	185,824	*,e	Trevena, Inc		229
	103,280	*	Trillium Therapeutics, Inc		1,814
	94,565	*,e	Trillium Therapeutics, Inc		1,662
	66,900		Tsumura & Co		2,138
	209,917		TTY Biopharm Co Ltd		540
	128,019	*	Turning Point Therapeutics Inc		8,504
	59,964	*	Twist Bioscience Corp		6,414
	94,489		UCB S.A.		10,581
	75,739	*	Ultragenyx Pharmaceutical, Inc		6,831
	1,121,562		United Laboratories Ltd		746
	194,815	*	United Therapeutics Corp		35,959
	41,114	*,e	UroGen Pharma Ltd		692
	158,030	*	Vaccibody AS.		1,224
	88,236	*,e	Valneva SE		1,376
	63,307	*	Vanda Pharmaceuticals, Inc		1,085
	50,766	*,e	Vaxart Inc		404
	8,913	*	Vaxcell-Bio Therapeutics Co Ltd		512
	37,115	*,e	Vaxcyte, Inc		942
	267,707	*,e	VBI Vaccines, Inc		833
	4,363	*,e	Vera Therapeutics, Inc		76
	99,722	*	Veracyte, Inc		4,632
	57,329	*	Verastem, Inc		177
	117,180	*,e	Vericel Corp		5,718
	7,905	*,e	Verrica Pharmaceuticals, Inc		99
	302,257	*	Vertex Pharmaceuticals, Inc		54,826
	15,552	*,e	Verve Therapeutics, Inc		731
	1,095,343		Viatris, Inc		14,842
	9,604		Vifor Pharma AG.		1,245
	336,771	*,e	Viking Therapeutics, Inc		2,115
	46,627	*	Vincerx Pharma, Inc		754
	131,297	*	Vir Biotechnology, Inc		5,714
	37,802	*	Viracta Therapeutics, Inc		303
	5,060		Virbac S.A.		2,170
	101,796	*	VistaGen Therapeutics, Inc		279
	72,678		Vitrolife AB		3,834
	636,000	e,g	Viva Biotech Holdings		498
	15,576	*,e	Vor BioPharma, Inc		244
	243,628		Walvax Biotechnology Co Ltd		2,364
	161,320	*	Waters Corp		57,640
	17,388	*,e	WaVe Life Sciences Ltd		85
	6,103	*	Werewolf Therapeutics, Inc		105

125

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	3,950,404		Winteam Pharmaceutical Group Ltd	$	1,996
	45,484	*	Wockhardt Ltd		277
	101,658		WuXi AppTec Co Ltd		2,397
	230,937	g	WuXi AppTec Co Ltd (Hong Kong)		5,376
	9,231,150	*,g	Wuxi Biologics Cayman, Inc		149,732
	20,408	e	XBiotech, Inc		264
	19,768	*	Xencor, Inc		646
	15,069	*,e	XOMA Corp		373
	207,704	*,e,g	YiChang HEC ChangJiang Pharmaceutical Co Ltd		122
	78,858		Yifan Pharmaceutical Co Ltd		191
	11,554	*	Y-mAbs Therapeutics, Inc		330
	27,532		Yuhan Corp		1,422
	94,379	*	Yungjin Pharmaceutical Co Ltd		398
	194,707		YungShin Global Holding Corp		301
	57,148		Yunnan Baiyao Group Co Ltd		863
	88,017	*	Zai Lab Ltd (ADR)		9,276
	40,483	*	Zealand Pharma AS		1,164
	30,288	*	Zentalis Pharmaceuticals, Inc		2,018
	32,400		Zeria Pharmaceutical Co Ltd		596
	24,001		Zhangzhou Pientzehuang Pharmaceutical Co Ltd		1,402
	85,958		Zhejiang Huahai Pharmaceutical Co Ltd		235
	19,400		Zhejiang Jiuzhou Pharmaceutical Co Ltd		165
	75,216		Zhejiang NHU Co Ltd		311
	11,467		Zhejiang Wolwo Bio-Pharmaceutical Co Ltd		104
	96,633	*,e	ZIOPHARM Oncology, Inc		176
	1,164,696		Zoetis, Inc		226,114
	63,999	*	Zogenix, Inc		972
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		8,718,106
REAL ESTATE - 2.9%
	855,941		Abacus Property Group		2,169
	204,478		Acadia Realty Trust		4,173
	932		Activia Properties Inc		3,811
	1,606		Advance Residence Investment Corp		5,224
	40,453	e	Aedifica S.A.		5,050
	120,400		Aeon Mall Co Ltd		1,853
	1,755		AEON REIT Investment Corp		2,358
	13,901	*	AFI Properties Ltd		722
	1,398,302		Agile Property Holdings Ltd		1,304
	92,329		Agree Realty Corp		6,115
	656,200		AIMS AMP Capital Industrial REIT		696
	84,865	*	Airport City Ltd		1,529
	4,347,237		Aldar Properties PJSC		4,805
	149,016	g	ALDER Group S.A.		2,537
	189,026		Alexander & Baldwin, Inc		4,431
	833		Alexander’s, Inc		217
	185,325		Alexandria Real Estate Equities, Inc		35,410
	145,522		Aliansce Sonae Shopping Centers sa		607
	643,026	g	A-Living Services Co Ltd		2,284
	76,233		Allied Properties Real Estate Investment Trust		2,421
	17,517		Allreal Holding AG.		3,477
	179,107		Alony Hetz Properties & Investments Ltd		2,749
	232,192		Alstria Office REIT-AG.		4,212
	4,154	e	Altarea SCA		900
	50,983		Altus Group Ltd		2,488
	687,198		Amata Corp PCL (Foreign)		365

126

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	58,508		American Assets Trust, Inc	$	2,189
	63,398		American Campus Communities, Inc		3,072
	125,534		American Finance Trust, Inc		1,009
	989,805		American Homes 4 Rent		37,731
	663,098		American Tower Corp		175,993
	329,127		Americold Realty Trust		9,561
	250,432		Amot Investments Ltd		1,770
	285,000	e	Aoyuan Healthy Life Group Co Ltd		153
	107,407		Apartment Income REIT Corp		5,243
	178,353		Apartment Investment and Management Co		1,222
	256,242		Apple Hospitality REIT, Inc		4,031
	1,426,641		ARA LOGOS Logistics Trust		965
	436,013		Arena REIT		1,320
	1,094,104		Argosy Property Ltd		1,218
	142,452		Armada Hoffler Properties, Inc		1,905
	427,161		Aroundtown S.A.		2,943
	85,007		Arriyadh Development Co		623
	78,848		Artis Real Estate Investment Trust		708
	1,092,900		Ascendas India Trust		1,146
	3,622,663		Ascendas REIT		7,985
	2,275,304		Ascott Trust		1,541
	16,585	*,e	Ashford Hospitality Trust, Inc		244
	2,643,832		Asian Property Development PCL (Foreign)		635
	3,196,341		Assura Group Ltd		3,081
	58,508		Atrium Ljungberg AB		1,224
	518,263		AvalonBay Communities, Inc		114,868
	516,211		Aventus Retail Property Fund Ltd		1,186
	1,206,000		Axis Real Estate Investment Trust		547
	9,031,908		Ayala Land, Inc		5,932
	4,761,352	*,†	AZ BGP Holdings		14
	10,440		Azrieli Group		940
	8,872,000		Bangkok Land PCL		283
	2,304,475		Barwa Real Estate Co		1,988
	166,757		Bayside Land Corp		1,697
	42,308		Befimmo SCA Sicafi		1,698
	1,392,809	*	Beijing Capital Land Ltd		501
	678,000		Beijing North Star Co		115
	12,006		Big Shopping Centers Ltd		1,775
	392,963		Big Yellow Group plc		7,386
	3,881		Blue Square Real Estate Ltd		289
	1,126,297		BMO Commercial Property Trust Ltd		1,461
	33,893		Boardwalk REIT		1,265
	161,050		Boston Properties, Inc		17,450
	1,892,900	*	BR Malls Participacoes S.A.		2,809
	1,515,296		BR Properties S.A.		2,209
	2,561	*	Brack Capital Properties NV		276
	58,930	*,e	BraeMar Hotels & Resorts, Inc		286
	567,685		Brandywine Realty Trust		7,618
	94,538		Brigade Enterprises Ltd		521
	272,096		British Land Co plc		1,806
	32,958		Brixmor Property Group, Inc		729
	254,913	e	Broadstone Net Lease, Inc		6,324
	13,316		Brt Realty Trust		257
	7,138,800	*	Bumi Serpong Damai Tbk PT		494
	590,031		Bunnings Warehouse Property Trust		1,686
	345,417		C&D International Investment Group Ltd		661

127

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	396,000	*	C&D Property Management Group Co Ltd	$	217
	51,632		CA Immobilien Anlagen AG.		2,187
	3,057,834		Cambridge Industrial Trust		1,047
	10,383		Camden Property Trust		1,531
	96,770		Canadian Apartment Properties REIT		4,516
	862,778		Capital & Counties Properties		1,931
	2,825,988	*	Capitaland Investment Ltd		7,076
	4,998,011		CapitaMall Trust		7,442
	1,185,587		CapitaRetail China Trust		1,079
	207,910		CareTrust REIT, Inc		4,225
	76,411		Carmila S.A.		1,141
	287,372	e	Castellum AB		7,015
	62,987		CatchMark Timber Trust, Inc		748
	35,046		Catena AB		1,898
	542,900		Cathay Real Estate Development Co Ltd		374
	393,480	*	CBRE Group, Inc		38,309
	888,020		CDL Hospitality Trusts		675
	138,414		Cedar Woods Properties Ltd		606
	435,968		Cencosud Shopping S.A.		511
	15,676		Centerspace		1,481
	1,118,968		Central China Management Co Ltd		199
	300,000	e	Central China New Life Ltd		213
	691,968		Central China Real Estate Ltd		134
	1,827,682		Central Pattana PCL (Foreign)		2,848
	1,389,425		Centuria Capital Group		3,381
	681,391		Centuria Industrial REIT		1,812
	665,551		Centuria Office REIT		1,198
	2,564,806		Champion Real Estate Investment Trust		1,345
	778,865		Charter Hall Education Trust		1,997
	567,889		Charter Hall Group		6,866
	1,492,387		Charter Hall Long Wale REIT		5,275
	56,423	*	Chatham Lodging Trust		691
	1,338,036	e	China Aoyuan Group Ltd		705
	283,800	*,†	China Fortune Land Development Co Ltd		177
	4,709,156		China Jinmao Holdings Group Ltd		1,692
	668,000	*,e,g	China Logistics Property Holdings Co Ltd		359
	650,000		China Merchants Commercial Real Estate Investment Trust		233
	1,334,000		China Merchants Land Ltd		152
	40,008		China Merchants Property Operation & Service Co Ltd		96
	571,127		China Merchants Shekou Industrial Zone Holdings Co Ltd		1,141
	1,261,794		China Overseas Grand Oceans Group Ltd		769
	3,558,786		China Overseas Land & Investment Ltd		8,054
	1,080,119		China Overseas Property Holdings Ltd		894
	3,586,602		China Resources Land Ltd		15,095
	663,600	g	China Resources Mixc Lifestyle Services Ltd		3,651
	1,667,452		China SCE Group Holdings Ltd		583
	4,622,000		China South City Holdings Ltd		390
	1,944,838		China Vanke Co Ltd		5,318
	693,215		China Vanke Co Ltd (Class A)		2,279
	253,000	g	China Vast Industrial Urban Development Co Ltd		78
	547,000		Chinese Estates Holdings Ltd		204
	195,849		Choice Properties REIT		2,203
	175,088	*	Chong Hong Construction Co		505
	44,049	e	Cibus Nordic Real Estate AB		1,042

128

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	3,510,864		CIFI Holdings Group Co Ltd	$	2,383
	408,753		City Developments Ltd		2,069
	50,837		City Office REIT, Inc		908
	76,708	e	Citycon Oyj		615
	660,858		Civitas Social Housing plc		778
	2,020,301		CK Asset Holdings Ltd		11,657
	10,255		Clipper Realty, Inc		83
	219,518		CLS Holdings plc		655
	34,352		Cofinimmo		5,209
	41,669		Colliers International Group, Inc		5,334
	407,000	†,e	Colour Life Services Group		133
	221,500		Columbia Property Trust, Inc		4,213
	775		Comforia Residential REIT, Inc		2,392
	109,295		Cominar Real Estate Investment Trust		862
	46,429		Community Healthcare Trust, Inc		2,098
	294,530		Concentradora Fibra Danhos S.A. de C.V.		363
	787,881	e	Corem Property Group AB		2,088
	124,215	*	CorePoint Lodging, Inc		1,925
	51,417		Coresite Realty		7,123
	29,135	*	Corestate Capital Holding S.A.		384
	707,856		Corp Inmobiliaria Vesta SAB de C.V.		1,241
	135,426		Corporate Office Properties Trust		3,654
	1,544,000	*	Cosmopolitan International Holdings Ltd		226
	8,689,898		Country Garden Holdings Co Ltd		8,960
	1,671,400		Country Garden Services Holdings Co Ltd		13,207
	171,452		Cousins Properties, Inc		6,393
	5,067		CRE Logistics REIT, Inc		9,428
	58,163		Crombie Real Estate Investment Trust		798
	409,700		Cromwell European Real Estate Investment Trust		1,239
	1,678,221		Cromwell Group		960
	855,831		Crown Castle International Corp		148,333
	63,141		CT Real Estate Investment Trust		849
	7,770	e	CTO Realty Growth, Inc		418
	205,982		CubeSmart		9,980
	287,785	*,e	Cushman & Wakefield plc		5,356
	452,505		Custodian Reit plc		568
	451,085		CyrusOne, Inc		34,918
	360,000	e	DaFa Properties Group Ltd		232
	53,610		Daibiru Corp		788
	43,922		Daito Trust Construction Co Ltd		5,152
	532,881		Daiwa House Industry Co Ltd		17,764
	2,088		Daiwa House REIT Investment Corp		6,132
	394		Daiwa Office Investment Corp		2,659
	2,257		Daiwa Securities Living Investments Corp		2,260
	1,498,874	*	DAMAC Properties Dubai Co PJSC		509
	346,490	*	Dar Al Arkan Real Estate Development Co		948
	315,000	e	Datang Group Holdings Ltd		187
	179,281		Derwent London plc		8,307
	238,958		Deutsche Annington Immobilien SE		14,366
	58,818		Deutsche Euroshop AG.		1,197
	100,164		Deutsche Wohnen AG.		6,124
	789,000		Dexin China Holdings Co Ltd		283
	631,730		Dexus Property Group		4,862
	243,606	*	DiamondRock Hospitality Co		2,302
	108,589		DIC Asset AG.		1,919
	254,050		Digital Realty Trust, Inc		36,698

129

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	576,780	*,e	DigitalBridge Group, Inc	$	3,478
	108,578		Dios Fastigheter AB		1,059
	715,558		Diversified Healthcare Trust		2,426
	681,160		DLF Ltd		3,798
	40,461		Dongwon Development Co Ltd		193
	466,530		DoubleDragon Properties Corp		94
	18,940		Douglas Emmett, Inc		599
	125,462		Dream Industrial Real Estate Investment Trust		1,605
	30,352		Dream Office Real Estate Investment Trust		551
	30,974		DREAM Unlimited Corp		685
	502,577		Duke Realty Corp		24,058
	437,000	*,†	Eagle Hospitality Trust		4
	98,185		Easterly Government Properties, Inc		2,028
	46,930		EastGroup Properties, Inc		7,820
	570,300		E-House China Enterprise Holdings Ltd		86
	1,021,170	*	Emaar Development PJSC		1,068
	284,579	*	Emaar Economic City		1,009
	4,088,660		Emaar Properties PJSC		4,519
	2,059,448		Emlak Konut Gayrimenkul Yatiri		415
	165,211		Empire State Realty Trust, Inc		1,657
	1,073,245	*	Empiric Student Property plc		1,281
	145,296	g	Entra ASA		3,116
	207,084		EPR Properties		10,226
	110,753		Equinix, Inc		87,509
	584,071		Equites Property Fund Ltd		800
	140,572	*	Equity Commonwealth		3,652
	1,328,002		Equity Lifestyle Properties, Inc		103,717
	490,749		Equity Residential		39,711
	3,517,800	*,g	ESR Cayman Ltd		10,617
	71,820		ESR Kendall Square REIT Co Ltd		386
	308,774		Essential Properties Realty Trust, Inc		8,621
	63,082		Essex Property Trust, Inc		20,170
	49,889	e	Eurocommercial Properties NV		1,066
	257,000		Excellence Commercial Property & Facilities Management Group Ltd		173
	23,189		eXp World Holdings Inc		922
	189,065		Extra Space Storage, Inc		31,761
	322,145	e	Fabege AB		4,859
	1,610,738	†,e	Fantasia Holdings Group Co Ltd		115
	1,372,269		Far East Consortium		465
	889,405		Far East Hospitality Trust		404
	234,812		Farglory Land Development Co Ltd		488
	33,455		Farmland Partners, Inc		401
	127,605	*	Fastighets AB Balder		7,669
	2,403	*,e	Fathom Holdings, Inc		64
	133,089		Federal Realty Investment Trust		15,703
	3,599,597		Fibra Uno Administracion S.A. de C.V.		4,081
	6,943,000		Filinvest Land, Inc		150
	212,408		Financial Street Holdings Co Ltd		196
	140,190		First Capital Real Estate Investment Trust		1,937
	209,213		First Industrial Realty Trust, Inc		10,896
	44,569		FirstService Corp		8,058
	9,799		Fonciere Des Regions		823
	107,979	*	Forestar Group, Inc		2,012
	1,187,274	e	Fortress REIT Ltd (Class A)		1,082
	1,667,000		Fortune Real Estate Investment Trust		1,657

130

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	89,412		Four Corners Property Trust, Inc	$	2,402
	121,958		Franklin Street Properties Corp		566
	1,214,977		Frasers Centrepoint Trust		2,022
	875,600		Frasers Hospitality Trust		293
	6,886,745		Frasers Logistics & Industrial Trust		7,683
	571		Frontier Real Estate Investment Corp		2,502
	8,999	*	FRP Holdings, Inc		503
	823		Fukuoka REIT Corp		1,234
	392,881		Gaming and Leisure Properties, Inc		18,198
	484,000		Ganglong China Property Group Ltd		265
	162,235		Gazit Globe Ltd		1,143
	526,414		GCP Student Living plc		1,500
	920,362		GDI Property Group		764
	11,746		Gecina S.A.		1,580
	321,164		Gemdale Corp		556
	6,726,937		Gemdale Properties and Investment Corp Ltd		726
	153,595	e	Geo Group, Inc		1,147
	78,203		Getty Realty Corp		2,292
	35,838		Gladstone Commercial Corp		754
	39,139		Gladstone Land Corp		891
	67,989		Global Medical REIT, Inc		999
	111,871		Global Net Lease, Inc		1,792
	1,185		Global One Real Estate Investment Corp		1,231
	9,648,000	*	Glory Sun Financial Group Ltd		309
	778		GLP J-Reit		1,281
	109,948	*	Godrej Properties Ltd		3,408
	100,780		Goldcrest Co Ltd		1,528
	1,727,552		Goodman Group		26,582
	1,398,965		Goodman Property Trust		2,329
	1,929,872		GPT Group		6,951
	999,952		Grainger plc		4,103
	126,667		Grand City Properties S.A.		3,154
	89,362		Granite REIT		6,355
	1,006,822		Great Portland Estates plc		10,106
	447,504		Greenland Holdings Corp Ltd		325
	845,000		Greenland Hong Kong Holdings Ltd		211
	989,322	e	Greentown China Holdings Ltd		1,492
	1,668,379		Greentown Service Group Co Ltd		1,810
	386,333		Growthpoint Properties Australia Ltd		1,131
	3,971,346		Growthpoint Properties Ltd		3,771
	2,077,392	e	Guangzhou R&F Properties Co Ltd		1,598
	197,855		H&R Real Estate Investment Trust		2,442
	93,027		Hamborner REIT AG.		1,005
	3,685,491	e	Hammerson plc		1,590
	1,594,442		Hang Lung Group Ltd		3,717
	2,315,995		Hang Lung Properties Ltd		5,278
	747		Hankyu Reit, Inc		1,102
	332,562		Healthcare Realty Trust, Inc		9,904
	357,202		Healthcare Trust of America, Inc		10,595
	830,903		Healthpeak Properties Inc		27,819
	38,322		Heiwa Real Estate Co Ltd		1,329
	1,040		Heiwa Real Estate REIT, Inc		1,533
	123,739		Helical Bar plc		738
	343,246		Heliopolis Housing		108
	1,557,518		Henderson Land Development Co Ltd		5,947
	42,253	*	Hersha Hospitality Trust		394

131

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	29,842,693		Hibernia REIT plc	$	40,376
	770,000		Highwealth Construction Corp		1,243
	11,331		Highwoods Properties, Inc		497
	118,361		Home Consortium		654
	1,330,362		Hongkong Land Holdings Ltd		6,355
	771,527		Hopson Development Holdings Ltd		2,747
	239		Hoshino Resorts REIT, Inc		1,575
	1,164,722	*	Host Hotels and Resorts, Inc		19,020
	48,769	*	Howard Hughes Corp		4,282
	286,393		Huaku Development Co Ltd		916
	159,796		Hudson Pacific Properties		4,198
	138,748		Hufvudstaden AB (Series A)		2,072
	700,000	e	Huijing Holdings Co Ltd		174
	235,683		Hulic Co Ltd		2,625
	1,767		Hulic Reit, Inc		2,778
	316,112		Hung Sheng Construction Co Ltd		253
	314,400	*	Hyprop Investments Ltd		671
	745,696		Hysan Development Co Ltd		2,428
	41,247		Icade		3,221
	313,725		Ichigo Holdings Co Ltd		1,032
	1,471		Ichigo Real Estate Investment Corp		1,187
	1,407,300		IGB Real Estate Investment Trust		568
	83,568		Iguatemi Empresa de Shopping Centers S.A.		484
	3,978	e	Immobel S.A.		345
	61,748	*	Immobiliare Grande Distribuzione SIIQ S.p.A		279
	98,302	*,e	IMMOFINANZ AG.		2,341
	120,601	e	Independence Realty Trust, Inc		2,454
	191,924	*	Indiabulls Real Estate Ltd		384
	2,912		Indus Realty Trust, Inc		204
	2,278		Industrial & Infrastructure Fund Investment Corp		4,151
	765,315		Industrial Buildings Corp		2,687
	273,033		Industrial Logistics Properties Trust		6,938
	2,216,388		Ingenia Communities Group		10,430
	343,831		Inmobiliaria Colonial S.A.		3,338
	40,979	e	Innovative Industrial Properties, Inc		9,473
	56,015	g	Instone Real Estate Group AG.		1,599
	83,214		InterRent Real Estate Investment Trust		1,099
	1,487		Intershop Holding AG.		927
	27,639		Intervest Offices		757
	4,085		Invesco Office J-Reit, Inc		828
	593,562		Investec Property Fund Ltd		430
	19,854		Invincible Investment Corp		7,778
	1,002,917		Invitation Homes, Inc		38,442
	1,350,500		IOI Properties Group BHD		387
	959,317		Irish Residential Properties REIT plc		1,605
	343,452		Iron Mountain, Inc		14,923
	609,305		Irongate Group		663
	133,857		Israel Canada T.R Ltd		578
	1,679		Isras Investment Co Ltd		379
	82,493	e	iStar Inc		2,069
	707		ITOCHU Advance Logistics Investment Corp		986
	920,786	*	IWG plc		3,605
	77,081		Jadwa REIT Saudi Fund		291
	1,469		Japan Excellent, Inc		1,799
	14,037		Japan Hotel REIT Investment Corp		8,427
	995		Japan Logistics Fund Inc		2,959

132

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	996		Japan Prime Realty Investment Corp	$	3,608
	933		Japan Real Estate Investment Corp		5,596
	4,197		Japan Retail Fund Investment Corp		4,030
	107,504		JBG SMITH Properties		3,183
	35,927		Jereissati Participacoes S.A.		176
	308,990		JHSF Participacoes S.A.		336
	1,596,750	*,†	Jiangsu Future Land Co Ltd		16
	36,295		Jiangsu Zhongnan Construction Group Co Ltd		25
	1,390,000	e	Jiayuan International Group Ltd		543
	519,269		Jingrui Holdings Ltd		155
	321,105		Jinke Properties Group Co Ltd		256
	46,885	*	Jones Lang LaSalle, Inc		11,632
	101,118		JR Reit XXVII		474
	498,000	e	JY Grandmark Holdings Ltd		179
	2,141,329		K Wah International Holdings Ltd		864
	2,146,657		Kaisa Group Holdings Ltd		584
	52,750		Kaisa Prosperity Holdings Ltd		146
	642,152		Katitas Co Ltd		22,635
	240,811	*	KE Holdings, Inc (ADR)		4,397
	30,600		Keihanshin Building Co Ltd		386
	553		Kenedix Realty Investment Corp		3,801
	1,141		Kenedix Residential Investment Corp		2,227
	693		Kenedix Retail REIT Corp		1,797
	255,553		Kennedy-Wilson Holdings, Inc		5,346
	1,569,717		Keppel DC REIT		2,865
	2,149,091		Keppel REIT		1,673
	848,114		Keppel-KBS US REIT		666
	741,500		Kerry Properties Ltd		1,950
	79,834	*,e	K-fast Holding AB		662
	143,186		Killam Apartment Real Estate Investment Trust		2,402
	159,576		Kilroy Realty Corp		10,566
	161,317		Kimco Realty Corp		3,347
	373,174		Kindom Construction Co		525
	100,222		Kite Realty Group Trust		2,041
	1,886,502		Kiwi Property Group Ltd		1,500
	39,194		Klepierre		876
	151,371		Kojamo Oyj		3,143
	139,363		Korea Real Estate Investment Trust Co		287
	205,408	e	Kungsleden AB		2,710
	170,286		Kuoyang Construction Co Ltd		160
	1,458,406		KWG Group Holdings Ltd		1,422
	3,684,000		KWG Living Group Holdings Ltd		2,721
	100,955		Lamar Advertising Co		11,453
	71,312	*	Lamda Development S.A.		610
	7,728,277		Land and Houses PCL Co Reg		1,806
	218,516		Land Securities Group plc		2,037
	62,342		Lar Espana Real Estate Socimi S.A.		388
	2,177		LaSalle Logiport REIT		3,668
	307,000	*	Leading Holdings Group Ltd		279
	21,475		LEG Immobilien AG.		3,033
	692,477		Lend Lease Corp Ltd		5,324
	918,826		Lendlease Global Commercial REIT		587
	236,943	*	Leopalace21 Corp		527
	332,847	e	Lexington Realty Trust		4,244
	50,460		Life Storage, Inc		5,790
	113,058		Lifestyle Communities Ltd		1,784

133

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	2,444,726		Link REIT	$	20,935
	28,767,240	*	Lippo Karawaci Tbk PT		308
	280,705		LOG Commercial Properties e Participacoes S.A.		1,336
	1,411,528		Logan Property Holdings Co Ltd		1,473
	2,308,071		LondonMetric Property plc		7,420
	2,036,093	g	Longfor Properties Co Ltd		9,303
	197,480		LOTTE Reit Co Ltd		922
	46,262		LTC Properties, Inc		1,466
	1,034,000	*	LVGEM China Real Estate Investment Co Ltd		243
	1,482,345		LXI REIT plc		2,746
	676,107		Mabanee Co KPSC		1,724
	250,733	e	Macerich Co		4,190
	171,894	*	Mack-Cali Realty Corp		2,943
	638,242		Macquarie CountryWide Trust		1,810
	1,147,242	g	Macquarie Mexico Real Estate Management SA de CV		1,370
	1,205,134		Mah Sing Group BHD		203
	1,592,050		Manulife US Real Estate Investment Trust		1,110
	35,779	*,†,e	Mapeley Ltd		0	^
	2,157,584		Mapletree Commercial Trust		3,270
	2,157,147		Mapletree Industrial Trust		4,408
	3,033,615		Mapletree Logistics Trust		4,535
	2,625,300		Mapletree North Asia Commercial Trust		1,866
	199,993	*	Marcus & Millichap, Inc		8,124
	483,356		Matrix Concepts Holdings BHD		237
	701,200	*	MBK PCL		287
	221,154		Medical Properties Trust, Inc		4,439
	576,876		Medinet Nasr Housing		98
	28,906		Mega Or Holdings Ltd		1,073
	10,756,000		Megaworld Corp		601
	25,195	*	Melisron Ltd		2,012
	84,613		Mercialys S.A		899
	453,719		Merlin Properties Socimi S.A.		4,663
	33,880	g	Metrovacesa S.A.		290
	80,802		MGM Growth Properties LLC		3,095
	17,920		Mid-America Apartment Communities, Inc		3,347
	121,800	g	Mindspace Business Parks REIT		503
	21,730	g	Minto Apartment Real Estate REIT NPV		384
	70,931		Mirae Asset Maps Asia Pacific Real Estate Investment		286
	1,967		Mirai Corp		949
	3,954,499		Mirvac Group		8,389
	1,175,844		Mitsubishi Estate Co Ltd		18,723
	440		Mitsubishi Estate Logistics REIT Investment Corp		1,933
	925,785		Mitsui Fudosan Co Ltd		21,992
	1,058		Mitsui Fudosan Logistics Park, Inc		5,609
	8,090		Mobimo Holding AG.		2,685
	100,291		Monmouth Real Estate Investment Corp (Class A)		1,870
	18,939		Montea C.V.A		2,510
	10,438		Morguard Corp		1,098
	34,276		Morguard North American Resid		462
	3,339		Mori Hills REIT Investment Corp		4,524
	365	e	Mori Trust Hotel Reit, Inc		450
	1,196		Mori Trust Sogo Reit, Inc		1,587
	276,600		Multiplan Empreendimentos Imobiliarios S.A.		967
	51,637		National Health Investors, Inc		2,763
	771,702	*	National Real Estate Co KPSC		522
	122,164		National Retail Properties, Inc		5,276

134

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	533,645		National Storage Affiliates Trust	$	28,171
	1,375,329		National Storage REIT		2,257
	1,682,000		Neo-China Land Group Holdings Ltd		146
	472,493		NEPI Rockcastle plc		3,280
	19,764		NESCO Ltd		161
	84,428		NETSTREIT Corp		1,997
	1,654,193		New World Development Co Ltd		6,728
	368,446		Newmark Group, Inc		5,272
	48,022		Nexity		2,284
	75,004		NexPoint Residential Trust, Inc		4,641
	553		Nippon Accommodations Fund, Inc		3,105
	1,402		Nippon Building Fund, Inc		9,108
	2,011		Nippon ProLogis REIT, Inc		6,721
	570		NIPPON REIT Investment Corp		2,217
	74,825		Nomura Real Estate Holdings, Inc		1,945
	4,298		Nomura Real Estate Master Fund, Inc		6,186
	116,366		NorthWest Healthcare Properties Real Estate Investment Trust		1,186
	23,269		NSI NV		862
	213,314	e	Nyfosa AB		3,017
	126,342	*	Oberoi Realty Ltd		1,632
	56,128		Office Properties Income Trust		1,422
	112,215		Omega Healthcare Investors, Inc		3,362
	19,189	e	One Liberty Properties, Inc		585
	283	e	One REIT, Inc		752
	486,924	*,e	Opendoor Technologies, Inc		9,997
	538,267		Origin Property PCL		159
	1,770		Orix JREIT, Inc		3,080
	2,461,674		OUE Commercial Real Estate Investment Trust		825
	412,057		Outfront Media, Inc		10,384
	569,622	e	Overseas Union Enterprise Ltd		563
	1,078,019		Oxley Holdings Ltd		163
	16,347,300	*	Pakuwon Jati Tbk PT		548
	1,610,307		Palm Hills Developments SAE		199
	452,880		Paramount Group, Inc		4,071
	253,751	*	Park Hotels & Resorts, Inc		4,857
	476,624		Parkway Life Real Estate Investment Trust		1,632
	500,416	*	Parque Arauco S.A.		510
	84,747		Patrizia Immobilien AG.		2,243
	844,700		Pavilion Real Estate Investment Trust		286
	9,712		Peach Property Group AG.		638
	154,120		Pebblebrook Hotel Trust		3,454
	418,171	*	PEXA Group Ltd		4,946
	61,008		Phillips Edison & Co, Inc		1,874
	84,130		Phoenix Mills Ltd		1,085
	262,885		Physicians Realty Trust		4,632
	735,638		Picton Property Income Ltd		942
	147,051		Piedmont Office Realty Trust, Inc		2,563
	994,056		PLA Administradora Industrial S de RL de C.V.		1,453
	73,146		Platzer Fastigheter Holding AB		1,103
	180,280		Plymouth Industrial REIT, Inc		4,101
	2,008,817		Poly Hong Kong Investment Ltd		529
	84,219	e	Poly Property Development Co Ltd		503
	812,762		Poly Real Estate Group Co Ltd		1,759
	15,269	e	Postal Realty Trust, Inc		285
	132,250		PotlatchDeltic Corp		6,821

135

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	158,500		Powerlong Commercial Management Holdings Ltd	$	370
	1,827,000		Powerlong Real Estate Holdings Ltd		1,377
	6,926		Prashkovsky Investments and Construction Ltd		204
	1,568,891		Precinct Properties New Zealand Ltd		1,817
	422,912		Preferred Apartment Communities, Inc		5,172
	1,595		Premier Investment Co		2,192
	141,434		Prestige Estates Projects Ltd		930
	1,587,599		Primary Health Properties plc		3,221
	542,800		Prime US REIT		464
	939,826		Prince Housing & Development Corp		467
	464,353		ProLogis Property Mexico S.A. de C.V.		1,008
	1,785,877		Prologis, Inc		224,003
	4,271	*	Property & Building Corp		607
	1,444,000		Prosperity REIT		574
	551,700		Pruksa Holding PCL		211
	15,744		PS Business Parks, Inc		2,468
	79,802		PSP Swiss Property AG.		9,615
	8,880,940		PT Ciputra Development Tbk		577
	16,315,400	*,†	PT Hanson International Tbk		0	^
	177,668		Public Storage, Inc		52,785
	23,633,258		Puradelta Lestari Tbk PT		320
	8,672,822		Quality House PCL		559
	802,000	e	Radiance Holdings Group Co Ltd		437
	525,841		Radium Life Tech Co Ltd		197
	4,297	*,e	Rafael Holdings, Inc		132
	163,185		Rayonier, Inc		5,822
	113,846		Re/Max Holdings, Inc		3,547
	97,252	*,e	Real Matters, Inc		771
	136,002	*	Realogy Holdings Corp		2,385
	49,310		Realty Income Corp		3,198
	1,066,000	e,g	Redco Properties Group Ltd		397
	5,433,130	*	Redefine Properties Ltd		1,649
	106,439	*,e	Redfin Corp		5,333
	1,006,000		Redsun Properties Group Ltd		311
	1,032,775		Regency Centers Corp		69,537
	488,881	g	Regional REIT Ltd		582
	215,433		Reit Ltd		1,271
	138,728		Relo Holdings, Inc		2,863
	299,137		Resilient REIT Ltd		1,128
	11,763		Retail Estates NV		860
	138,798		Retail Opportunities Investment Corp		2,418
	257,983		Retail Properties of America, Inc		3,323
	80,018		Retail Value, Inc		2,107
	1,120,171		Rexford Industrial Realty, Inc		63,570
	223,323		RioCan Real Estate Investment Trust		3,815
	283,963		RiseSun Real Estate Development Co Ltd		211
	193,089		RLJ Lodging Trust		2,869
	94,778		RMR Group, Inc		3,170
	216,277		Road King Infrastructure		218
	2,031,200		Robinsons Land Corp		635
	544,405	e	Ronshine China Holdings Ltd		272
	93,394		RPT Realty		1,192
	1,274,708		Ruentex Development Co Ltd		2,612
	412,768		Rural Funds Group		788
	33,468	*	Ryman Hospitality Properties		2,801
	408,584		Sabra Healthcare REIT, Inc		6,014

136

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	11,490		Safehold, Inc	$	826
	578,489		Safestore Holdings plc		8,176
	137,417		Sagax AB		505
	178,839		Sagax AB		5,577
	456,500	e	Samhallsbyggnadsbolaget i - D		1,576
	1,715,185	e	Samhallsbyggnadsbolaget i Norden AB		9,498
	34,430		SAMTY Co Ltd		720
	467		Samty Residential Investment Corp		490
	10,230,882		Sansiri PCL		361
	609,100		Sasseur Real Estate Investment Trust		382
	93,484	*	Saudi Real Estate Co		586
	4,551		Saul Centers, Inc		201
	173,922		Savills plc		3,166
	137,920		SBA Communications Corp		45,592
	2,458,646		SC Asset Corp PCL		234
	5,242,172		Scentre Group		11,157
	1,449,461		Seazen Group Ltd		1,157
	165,398	*	Seazen Holdings Co Ltd		954
	344,846		Secure Income REIT plc		1,938
	326,114		Segro plc		5,239
	4,970		Sekisui House Reit, Inc		4,115
	47,834		Selvaag Bolig ASA		298
	42,123	*,e	Seritage Growth Properties		625
	525,189		Service Properties Trust		5,887
	230,084	e	Shaftesbury plc		1,878
	108,037		Shanghai Lingang Holdings Corp Ltd		251
	1,594,192		Shanghai Lujiazui Finance & Trade Zone Development Co Ltd		1,444
	80,349		Shanghai Zhangjiang High-Tech Park Development Co Ltd		209
	3,118,072		Shenzhen Investment Ltd		782
	1,369,578		Shimao Property Holdings Ltd		2,510
	693,000	g	Shimao Services Holdings Ltd		1,433
	502,970	*	Shining Building Business Co Ltd		197
	1,349,074		Shopping Centres Australasia Property Group		2,584
	2,109,200	e	Shoucheng Holdings Ltd		440
	8,140,500		Shui On Land Ltd		1,220
	922,140		Siam Future Development PCL		324
	2,272,800		Sime Darby Property BHD		356
	1,216,628		Simon Property Group, Inc		158,125
	2,422,000	*	Singha Estate PCL		147
	3,296,648		Sino Land Co		4,435
	2,929,000		Sino-Ocean Land Holdings Ltd		574
	231,692		Sinyi Realty Co		259
	1,175,244		Sirius Real Estate Ltd		2,071
	692,846		SITE Centers Corp		10,698
	160,081		Six of October Development & Investment		188
	7,943		SK D&D Co Ltd		227
	2,378,000		Skyfame Realty Holdings Ltd		278
	82,762		SL Green Realty Corp		5,863
	54,680		Slate Grocery REIT		561
	11,319,788		SM Prime Holdings		7,239
	88,400		SmartCentres Real Estate Investment Trust		2,070
	39,374		Sobha Ltd		417
	1,964,500	*,e	Soho China Ltd		520
	762		SOSiLA Logistics REIT, Inc		1,132

137

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	1,591,300	*	SP Setia BHD	$	466
	53,179		Sparkassen Immobilien AG.		1,230
	1,024,200	e	SPH REIT		707
	311,327		Spirit Realty Capital, Inc		14,333
	7,700	*	SRE Holdings Corp		546
	59,293		St. Joe Co		2,496
	560,819		STAG Industrial, Inc		22,012
	2,872		Star Asia Investment Corp		1,476
	1,658,029		Starhill Global REIT		762
	65,800		Starts Corp, Inc		1,566
	279		Starts Proceed Investment Corp		621
	1,402,655		Stockland Trust Group		4,448
	388,113		Stor-Age Property REIT Ltd		353
	1,223,000	e	StorageVault Canada, Inc		5,967
	478,146		STORE Capital Corp		15,315
	240,006		Sumitomo Realty & Development Co Ltd		8,772
	9,456,109	*	Summarecon Agung Tbk PT		552
	571,050	*	Summit Hotel Properties, Inc		5,499
	100,691		Summit Industrial Income REIT		1,657
	43,320	*	Summit Real Estate Holdings Ltd		758
	249,929		Sun Communities, Inc		46,262
	92,580		Sun Frontier Fudousan Co Ltd		924
	1,418,123		Sun Hung Kai Properties Ltd		17,707
	2,918,197		Sunac China Holdings Ltd		6,220
	930,000	g	Sunac Services Holdings Ltd		1,914
	686,000		Sunkwan Properties Group Ltd		226
	1,138,000		Sunlight Real Estate Investment Trust		656
	260,770	*	Sunstone Hotel Investors, Inc		3,114
	2,490,800		Suntec Real Estate Investment Trust		2,592
	53,674		Sunteck Realty Ltd		347
	1,897,200		Sunway Real Estate Investment		633
	1,104,901		Supalai PCL		650
	502,628		Swire Pacific Ltd (Class A)		2,974
	1,168,971		Swire Properties Ltd		2,931
	78,996		Swiss Prime Site AG.		7,716
	185,733		TAG Tegernsee Immobilien und Beteiligungs AG.		5,431
	371,600		Takara Leben Co Ltd		1,073
	640		Takara Leben Real Estate Investment Corp		626
	908,954		Talaat Moustafa Group		427
	94,973	e	Tanger Factory Outlet Centers, Inc		1,548
	26,858	*	Tejon Ranch Co		477
	146,065		Terreno Realty Corp		9,236
	522,000	e	Times Neighborhood Holdings Ltd		268
	16,871	*,e	TKP Corp		284
	41,480		TOC Co Ltd		244
	320,993		Tokyo Tatemono Co Ltd		5,084
	743,800		Tokyu Fudosan Holdings Corp		4,578
	1,011		Tokyu REIT, Inc		1,676
	166,443		Tosei Corp		1,792
	237,218	e	Tricon Capital Group, Inc		3,165
	9,020,503		Tritax Big Box REIT plc		25,792
	19,643,130	g	Tritax EuroBox plc		29,908
	23,686		UDR, Inc		1,255
	1,032,500	*	UEM Sunrise Bhd		91
	967,733		UK Commercial Property REIT Ltd		955
	104,636		UMH Properties, Inc		2,396

138

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	10,941	*	Unibail-Rodamco-Westfield	$	805
	14,106	*	Unibail-Rodamco-Westfield		1,040
	729,579		Unite Group plc		10,695
	1,713,574		United Development Co PSC		725
	3,044		United Urban Investment Corp		4,114
	231,605		Uniti Group, Inc		2,865
	5,684		Universal Health Realty Income Trust		314
	470,233		UOL Group Ltd		2,365
	137,120		Urban Edge Properties		2,511
	33,540		Urstadt Biddle Properties, Inc (Class A)		635
	17,479		Vastned Retail NV		470
	552,741		Ventas, Inc		30,517
	225,305		VEREIT, Inc		10,191
	9,049		VGP NV		2,082
	900,969	e	VICI Properties, Inc		25,597
	3,819,794		Vicinity Centres		4,516
	2,524,000		Vista Land & Lifescapes, Inc		172
	22,352		Vornado Realty Trust		939
	728,281		Vukile Property Fund Ltd		599
	200,498		Wallenstam AB		2,963
	811,674		Warehouse REIT plc		1,610
	357,226		Warehouses De Pauw CVA		14,474
	99,492		Washington REIT		2,462
	386,062		Watkin Jones plc		1,176
	1,285,532		Waypoint REIT		2,522
	499,975		Welltower, Inc		41,198
	38,444	e	Wereldhave NV		546
	845,281		Weyerhaeuser Co		30,067
	7,075,709		WHA Corp PCL		648
	1,653,606		Wharf Holdings Ltd		5,470
	1,872,897		Wharf Real Estate Investment Co Ltd		9,623
	48,464		Whitestone REIT		474
	223,958		Wihlborgs Fastigheter AB		4,452
	160,690	e	Workspace Group plc		1,786
	10,769		WP Carey, Inc		787
	49,879		WPT Industrial Real Estate Investment Trust		1,081
	134,420	*	Xenia Hotels & Resorts, Inc		2,385
	25,917	e	Xior Student Housing NV		1,464
	156,386		Yango Group Co Ltd		101
	664,342		Yanlord Land Group Ltd		540
	8,497		YH Dimri Construction & Development Ltd		606
	434,000		Yincheng International Holding Co Ltd		195
	120,500		Youngor Group Co Ltd		120
	383,800		YTL Hospitality REIT		86
	1,639,426		Yuexiu Property Co Ltd		1,536
	1,720,000		Yuexiu Real Estate Investment Trust		809
	1,900,101	e	Yuzhou Group Holdings Co Ltd		281
	570,000		Zensun Enterprises Ltd		430
	135,300		Zhejiang China Commodities City Group Co Ltd		98
	947,089	e	Zhenro Properties Group Ltd		517
	201,559	*	Zhongtian Financial Group Co Ltd		84
	1,706,000	e	Zhuguang Holdings Group Co Ltd		381
			TOTAL REAL ESTATE		3,845,214

139

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
RETAILING - 5.8%
	154,745	*	1-800-FLOWERS.COM, Inc (Class A)	$	4,721
	1,751	*,e	1stdibs.com, Inc		22
	102,877		Aaron’s Co, Inc		2,833
	16,979		ABC-Mart, Inc		954
	68,139	*	Abercrombie & Fitch Co (Class A)		2,564
	2,930,817		Abu Dhabi National Oil Co for Distribution PJSC		3,319
	295,090	*	Academy Sports & Outdoors, Inc		11,810
	844,889		Accent Group Ltd		1,368
	6,625,600		Ace Hardware Indonesia Tbk PT		585
	27,330		Adastria Holdings Co Ltd		502
	74,112		Advance Auto Parts, Inc		15,481
	23,679,144	*	Alibaba Group Holding Ltd		438,394
	125,500	*	Alibaba Group Holding Ltd (ADR)		18,580
	2,182,603	*,g	Allegro.eu S.A.		31,746
	1,353,400		AllHome Corp		241
	15,990		Alpen Co Ltd		444
	917,945	*	Amazon.com, Inc		3,015,486
	59,210	e	American Eagle Outfitters, Inc		1,528
	9,796,283	*	Americanas S.A.		55,622
	3,092	*	America’s Car-Mart, Inc		361
	379,531	*	AO World plc		1,112
	56,300	e	AOKI Holdings, Inc		365
	183,324		AP Eagers Ltd		1,948
	4,060,000	*,e	Apollo Future Mobility Group Ltd		265
	26,622		Arata Corp		1,049
	30,376		Arc Land Sakamoto Co Ltd		474
	104,981	*	Aritzia, Inc		3,342
	45,514	*	Arko Corp		460
	7,404	*	Asbury Automotive Group, Inc		1,457
	41,728		ASKUL Corp		612
	382,575	*	ASOS plc		15,475
	497,471	*	Auction Technology Group plc		8,915
	28,568	*,g	Auto1 Group SE		1,045
	74,088		Autobacs Seven Co Ltd		984
	30,213	*,e	AutoCanada, Inc		1,107
	97,057	*,e	Autonation, Inc		11,818
	25,107	*	AutoZone, Inc		42,631
	3,511,803		B&M European Value Retail S.A.		27,861
	32,887	g	B&S Group Sarl		306
	1,341,462	*,e	Baozun, Inc (ADR)		23,516
	397,687		Bapcor Ltd		2,145
	41,961	*	Barnes & Noble Education, Inc		419
	73,376		Bath & Body Works, Inc		4,625
	301,601	*,e	Bed Bath & Beyond, Inc		5,210
	56,805		Belluna Co Ltd		432
	821,673		Berjaya Auto BHD		312
	291,593		Best Buy Co, Inc		30,824
	115,211	*,e	BHG Group AB		1,670
	112,900	e	BIC CAMERA, Inc		1,076
	23,616	e	Big 5 Sporting Goods Corp		544
	40,348		Big Lots, Inc		1,749
	124,971		Bilia AB		2,255
	1,988,600	*	Bintang Oto Global Tbk PT		197
	3,934,971	*	boohoo.com plc		11,485
	11,169	*	Boot Barn Holdings, Inc		993

140

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	60,569	*,e,g	Boozt AB	$	998
	61,068		Buckle, Inc		2,418
	393,577	*	Burlington Stores, Inc		111,607
	111,224	*	C&A Modas Ltd		147
	13,955		Caleres, Inc		310
	206,302		Camping World Holdings, Inc		8,019
	84,399		Canadian Tire Corp Ltd		11,810
	28,400	e	Cango, Inc (ADR)		114
	66,632	*,e	CarLotz, Inc		254
	458,590	*	CarMax, Inc		58,681
	274,320	*	CarParts.com, Inc		4,282
	86,620	*	Carvana Co		26,119
	26,032		Cato Corp (Class A)		431
	203,056	*	Ceconomy AG		872
	1,550,865		Central Retail Corp PCL		1,525
	413,921	*,e	Chico’s FAS, Inc		1,859
	253,210	*	Children’s Place, Inc		19,057
	778,000		China Harmony New Energy Auto Holding Ltd		409
	129,801		China International Travel Service Corp Ltd		5,200
	616,629		China Meidong Auto Holdings Ltd		3,103
	204,000	e	China Tobacco International HK Co Ltd		434
	2,178,200		Chow Tai Fook Jewellery Group Ltd		4,142
	3,102	*	Citi Trends, Inc		226
	264,037	*	City Chic Collective Ltd		1,227
	24,922		CJ O Shopping Co Ltd		3,158
	113,866		Clas Ohlson AB (B Shares)		1,170
	471,279		Com7 PCL (Foreign)		930
	20,021	*	Conn’s, Inc		457
	175,000	*	Container Store Group, Inc		1,666
	1,321,034	*	Coupang, Inc		36,791
	7,262		Cuckoo Homesys Co Ltd		269
	39,500	*	Dada Nexus Ltd (ADR)		792
	180,146		DCM Holdings Co Ltd		1,745
	68,243		Delek Automotive Systems Ltd		864
	162,817	*,g	Delivery Hero AG.		20,768
	34,100	*,e	Demae-Can Co Ltd		512
	55,626	*	Desenio Group AB		188
	426,188	*	Designer Brands, Inc		5,937
	6,977		Dick’s Sporting Goods, Inc		836
	26,912		Dieteren S.A.		3,949
	7,349	e	Dillard’s, Inc (Class A)		1,268
	1,657,162		Dixons Carphone plc		2,981
	507,212		Dohome PCL		355
	400,800		Dollar General Corp		85,026
	300,098	*	Dollar Tree, Inc		28,725
	593,958		Dollarama, Inc		25,764
	559,932		Don Quijote Co Ltd		11,553
	161,342	*	DoorDash, Inc		33,233
	24,000		Doshisha Co Ltd		377
	156,985	*	Dufry Group		8,819
	6,896	*,e	Duluth Holdings, Inc		94
	147,701		Dunelm Group plc		2,830
	70,281	e,g	Dustin Group AB		756
	826,588		eBay, Inc		57,588
	99,478	e	EDION Corp		938
	26,300		Enigmo, Inc		293

141

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	153,515	*	Etsy, Inc	$	31,925
	298,694	g	Europris ASA		1,978
	823,000		Far Eastern Department Stores Co Ltd		658
	35,117	*,e	Farfetch Ltd		1,316
	41,362		Fast Retailing Co Ltd		30,505
	75,921	*	Fawaz Abdulaziz Al Hokair & Co		421
	98,041	*	Five Below, Inc		17,335
	43,932	*,e	Fiverr International Ltd		8,026
	389,710	g	Fix Price Group Ltd (GDR)		3,502
	119,252	*	Floor & Decor Holdings, Inc		14,404
	21,290		Fnac Darty SA		1,394
	122,696		Foot Locker, Inc		5,602
	327,145	*	Foschini Ltd		2,967
	9,159		Fox Wizel Ltd		1,150
	29,636		Franchise Group, Inc		1,049
	460,417	*	Frasers Group plc		4,210
	278,154	*,e	Funko, Inc		5,065
	218,116	*	Future Enterprises Ltd		152
	79,655	*,e	GameStop Corp (Class A)		13,977
	614,541		Gap, Inc		13,950
	16,212	*	Genesco, Inc		936
	11,947		Genuine Parts Co		1,448
	40,000		Geo Holdings Corp		451
	413,283	*	Global Fashion Group S.A.		4,603
	12,774,885	*,e	GOME Electrical Appliances Holdings Ltd		1,192
	23,050	*,e	Greenlane Holdings Inc		55
	20,839		Group 1 Automotive, Inc		3,915
	31,815	*,e	Groupon, Inc		726
	38,790	*,e	GrowGeneration Corp		957
	92,253	*	Grupo SBF S.A.		473
	98,302		Guess?, Inc		2,065
	76,700		Gulliver International Co Ltd		691
	640,730		Halfords Group plc		2,625
	110,425		Hankyu Department Stores, Inc		954
	657,622		Harvey Norman Holdings Ltd		2,358
	14,185		Haverty Furniture Cos, Inc		478
	506,311	*	HelloFresh SE		46,665
	3,224,000	*,e	HengTen Networks Group Ltd		947
	801,885		Hennes & Mauritz AB (B Shares)		16,231
	26,625		Hibbett Sports, Inc		1,883
	18,322		Hikari Tsushin, Inc		3,097
	1,716,822		Home Depot, Inc		563,564
	5,347,967		Home Product Center PCL (Foreign)		2,136
	34,783	*	Home24 SE		572
	4,019,000	e	Hong Kong Television Network Ltd		5,657
	9,079		Hornbach Baumarkt AG.		410
	11,645		Hornbach Holding AG. & Co KGaA		1,510
	325,482		Hotai Motor Co Ltd		6,789
	33,191		Hotel Shilla Co Ltd		2,406
	2,285,000	*,†	Hsin Chong Group Holdings Ltd		3
	13,767		Hyundai Department Store Co Ltd		920
	5,783		Hyundai Home Shopping Network Corp		346
	478,783		Inchcape plc		5,232
	975,796		Industria De Diseno Textil S.A.		35,905
	2,134,859	*,†	ironSource Ltd		23,206
	412,300	e	Isetan Mitsukoshi Holdings Ltd		3,099

142

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	39,800		Izumi Co Ltd	$	1,324
	284,300		J Front Retailing Co Ltd		2,740
	97,881		Jarir Marketing Co		5,462
	145,706		JB Hi-Fi Ltd		4,738
	229,500	*,e,g	JD Health International, Inc		2,212
	744,691		JD Sports Fashion plc		10,466
	134,982	*	JD.com, Inc		4,866
	2,215,493	*	JD.com, Inc (ADR)		160,047
	16,142	e	JINS Holdings, Inc		1,177
	50,144	e	JOANN, Inc		559
	35,020		Joshin Denki Co Ltd		793
	71,574		Joyful Honda Co Ltd		991
	116,585		JUMBO S.A.		1,898
	283,790	*,g	Just Eat Takeaway.com NV		20,735
	582,188	*,e	Just Eat Takeaway.com NV (ADR)		8,459
	36,842	*	Kamux Corp		547
	36,187	e	Keiyo Co Ltd		263
	196,853		Kering		139,817
	418,480		Kingfisher plc		1,889
	10,200	*	Kintetsu Department Store Co Ltd		247
	5,723	*,e	Kirkland’s, Inc		110
	97,131	e	Kogan.com Ltd		756
	106,398		Kohl’s Corp		5,010
	73,205		Kohnan Shoji Co Ltd		2,408
	29,300	e	Kojima Co Ltd		176
	126,352		Komeri Co Ltd		3,065
	24,434	*	Koreacenter Co Ltd		150
	523,628		K’s Holdings Corp		5,410
	17,137	*	Lands’ End, Inc		403
	8,759	*,e	Lazydays Holdings, Inc		187
	135,213	*	Leslie’s, Inc		2,777
	79,081		Liaoning Cheng Da Co Ltd		301
	514,000	*	Lifestyle International Holdings Ltd		279
	8,920	*	Liquidity Services, Inc		193
	37,670		Lithia Motors, Inc (Class A)		11,943
	22,837	*	LKQ Corp		1,149
	11,765,800		Lojas Americanas S.A.		9,528
	64,894,736	a	Lojas Americanas S.A. (Preference)		57,438
	1,456,100		Lojas Quero Quero S		4,345
	941,291		Lojas Renner S.A.		5,949
	11,557		LOTTE Himart Co Ltd		288
	13,640		Lotte Shopping Co Ltd		1,167
	70,451		Lovisa Holdings Ltd		950
	1,889,985		Lowe’s Companies, Inc		383,402
	471,561		Luk Fook Holdings International Ltd		1,208
	32,739	*	Lumber Liquidators, Inc		612
	672,355	e	Macy’s, Inc		15,195
	6,074,925		Magazine Luiza S.A.		15,997
	36,818	g	Maisons du Monde S.A.		742
	401,326	*,e,g	Maoyan Entertainment		486
	27,183	*	MarineMax, Inc		1,319
	2,377,782	*	Marks & Spencer Group plc		5,837
	230,600		Marui Co Ltd		4,451
	156,345,400	*,a	Matahari Department Store Tbk PT		30,464
	48,411		Matas A.S.		912
	44,216	*	Matsuya Co Ltd		452

143

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	10,571	e	Media Do Holdings Co Ltd	$	464
	5,066,735	*,g	Meituan Dianping (Class B)		161,737
	58,301	*	Mekonomen AB		1,039
	8,653	*	MercadoLibre, Inc		14,532
	239,600	*	Mercari, Inc		13,240
	8,041,479	*	Mitra Adiperkasa Tbk PT		436
	46,681		Mobilezone Holding AG.		644
	448,795	*	MOBLY S.A.		560
	50,000		momo.com, Inc		2,898
	638,529		Moneysupermarket.com Group plc		1,833
	22,639		Monro Muffler, Inc		1,302
	175,120	*	Moonpig Group plc		753
	150,983		Motus Holdings Ltd		1,020
	275,456		Mr Price Group Ltd		3,681
	211,000	*,e,g	Mulsanne Group Holding Ltd		143
	13,153		Murphy USA, Inc		2,200
	37,048		Musti Group Oyj		1,326
	23,200	e	Nafco Co Ltd		386
	429,633		Naspers Ltd (N Shares)		71,010
	88,166	*	National Vision Holdings, Inc		5,005
	72,839		Next plc		8,012
	53,120		Nextage Co Ltd		1,039
	91,270		Nick Scali Ltd		750
	44,735	e	Nishimatsuya Chain Co Ltd		565
	73,117		Nitori Co Ltd		14,409
	106,762		Nojima Corp		2,746
	13,392	*,e	Nordstrom, Inc		354
	135,533	*	ODP Corp		5,443
	31,800	*	Oisix ra daichi, Inc		1,410
	77,748	*,e	Ollie’s Bargain Outlet Holdings, Inc		4,687
	10,353		OneWater Marine, Inc		416
	79,089	*	O’Reilly Automotive, Inc		48,328
	16,000	*,e	Overstock.com, Inc		1,247
	58,780	*	Ozon Holdings plc (ADR)		2,965
	327,987		Padini Holdings BHD		244
	23,528	*	Pal Co Ltd		391
	316,315		Paltac Corp		14,326
	38,897	*	Party City Holdco, Inc		276
	98,780		PChome Online Inc		468
	37,842		Penske Auto Group, Inc		3,807
	251,900		Pet Center Comercio e Participacoes S.A.		1,085
	854,050	*,e	Petco Health & Wellness Co, Inc		18,020
	9,411	e	PetMed Express, Inc		253
	1,296,372		Petrobras Distribuidora S.A.		5,592
	608,171		Pets at Home Group plc		3,938
	890,027	*	Pinduoduo, Inc (ADR)		80,699
	61,459		Pool Corp		26,698
	54,692	*	Porch Group, Inc		967
	2,051,129	*	Pou Sheng International Holdings Ltd		346
	55,252		Poya Co Ltd		934
	239,843		Premier Investments Ltd		5,156
	1,587,754		Prosus NV		127,085
	724,968		PTG Energy PCL (Foreign)		345
	2,849,100		PTT Oil & Retail Business PCL		2,526
	133,562	*	Quotient Technology, Inc		777
	436,398		Qurate Retail Group, Inc QVC Group		4,447

144

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	362,565	*	Rakuten, Inc	$	3,532
	141,581	*	RealReal, Inc		1,866
	223,201	*,e	Redbubble Ltd		697
	129,094		Rent-A-Center, Inc		7,256
	57,359	*	Revolve Group, Inc		3,543
	29,537	*	RH		19,699
	918,119	*	Ripley Corp S.A.		169
	346,408		Ross Stores, Inc		37,707
	150,040		Ryohin Keikaku Co Ltd		3,337
	1,233,831	*,e	SA SA International Holdings Ltd		275
	1,330,986		SACI Falabella		4,662
	66,693	*	Sally Beauty Holdings, Inc		1,124
	58,800	e	Sanrio Co Ltd		1,356
	185,001		Saudi Co For Hardware CJSC		3,117
	70,881		Seria Co Ltd		2,477
	253,704		Shanghai Yuyuan Tourist Mart Group Co Ltd		400
	264,271	*,e	Shift Technologies, Inc		1,834
	36,800		Shimamura Co Ltd		3,440
	8,405		Shinsegae Co Ltd		1,852
	2,966		Shinsegae International Co Ltd		470
	7,896		Shoe Carnival, Inc		256
	16,382	*,g	Shop Apotheke Europe NV		2,423
	31,117		Shutterstock, Inc		3,526
	38,664		Signet Jewelers Ltd		3,053
	218,000		Singer Thailand PCL (ADR)		256
	45,010	g	Sleep Country Canada Holdings, Inc		1,194
	33,014	*	Sleep Number Corp		3,086
	37,325	*,e,g	SMCP S.A.		295
	72,601		Sonic Automotive, Inc (Class A)		3,814
	14,868	*	Sportsman’s Warehouse Holdings, Inc		262
	20,094	*	Stamps.com, Inc		6,627
	21,908	*	Stitch Fix Inc		875
	519,024	*	Suning.com Co Ltd		401
	395,027	*	Super Group Ltd		957
	190,201		Super Retail Group Ltd		1,655
	3,202		Tadiran Holdings Ltd		388
	171,251		Takashimaya Co Ltd		1,906
	37,243		Takkt AG.		589
	830,452		Target Corp		189,983
	22,069		Telepark Corp		392
	100,146	*,e	Temple & Webster Group Ltd		895
	130,000		Test-Rite International Co		109
	8,208,733	*	THG Holdings Ltd		56,076
	29,273		Tilly’s, Inc		410
	2,904,524		TJX Companies, Inc		191,641
	92,517		Tokmanni Group Corp		2,257
	1,712,489	g	Topsports International Holdings Ltd		1,945
	426,497	*	Torrid Holdings, Inc		6,581
	131,873		Tractor Supply Co		26,719
	4,383	*	TravelCenters of America, Inc		218
	199,653		Trent Ltd		2,748
	413,063	e	Truworths International Ltd		1,528
	76,858	*	Ulta Beauty, Inc		27,740
	31,899		United Arrows Ltd		626
	28,916		United Electronics Co		1,095
	630,080	*	Urban Outfitters, Inc		18,707

145

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	337,673		USS Co Ltd	$	5,748
	4,600	*,e	Valora Holding AG.		903
	1,266,067	*	Via S		1,792
	353,257	*	Victorian Plumbing PLC		1,195
	22,307	*	Victoria’s Secret & Co		1,233
	4,183,315	*	Vipshop Holdings Ltd (ADR)		46,602
	8,308	*	V-Mart Retail Ltd		397
	129,887	*,e	Vroom, Inc		2,867
	73,588		VT Holdings Co Ltd		361
	67,035		Wangfujing Group Co Ltd		307
	83,749	*,e	Wayfair, Inc		21,399
	1,164,280		Wesfarmers Ltd		46,307
	16,263	*	Westwing Group AG.		611
	159,355	*	WH Smith plc		3,659
	303,960		Wickes Group plc		932
	1,465,900		Wilcon Depot, Inc		788
	119,609		Williams-Sonoma, Inc		21,210
	3,071		Winmark Corp		660
	1,093,458	e	Woolworths Holdings Ltd		4,261
	142,000		Workman Co Ltd		8,984
	68,900		World Co Ltd		918
	397,183		Wuchan Zhongda Group Co Ltd		398
	36,142		Xebio Co Ltd		367
	449,000		Xinhua Winshare Publishing and Media Co Ltd		339
	4,464	*,e	Xometry, Inc		257
	225,847	g	XXL ASA		426
	511,025		Yamada Denki Co Ltd		2,146
	33,933		Yellow Hat Ltd		592
	199,829	*,g	Zalando SE		18,225
	628,072		Zhongsheng Group Holdings Ltd		5,035
	2,438,670	*	Zomato Ltd		4,488
	7,809	*	zooplus AG.		4,405
	131,430		ZOZO Inc		4,924
	75,218	*	Zumiez, Inc		2,991
			TOTAL RETAILING		7,818,228
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 5.1%
	223,615		A-DATA Technology Co Ltd		645
	2,476,469	*	Advanced Micro Devices, Inc		254,829
	44,821	*	Advanced Micro-Fabrication Equipment, Inc China		1,046
	11,805		Advanced Process Systems Corp		245
	131,483		Advanced Wireless Semiconductor Co		666
	116,000		Advantest Corp		10,337
	312,100	e	AEM Holdings Ltd		920
	271,482		Aixtron AG.		6,750
	68,000		Alchip Technologies Ltd		2,243
	45,818	*	Allegro MicroSystems, Inc		1,464
	107,592	*	Alpha & Omega Semiconductor Ltd		3,375
	68,848	*	Ambarella, Inc		10,722
	491,534	e	Amkor Technology, Inc		12,264
	545,760	*,e	ams AG.		9,899
	865,500		Analog Devices, Inc		144,954
	28,000		Andes Technology Corp		393
	40,000		AP Memory Technology Corp		1,080
	3,116,327		Applied Materials, Inc		401,165
	12,978		APTC Co Ltd		191

146

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	412,738		Ardentec Corp	$	855
	18,343,825		ASE Technology Holding Co Ltd		70,969
	66,691		ASM International NV		26,117
	1,801,600		ASM Pacific Technology		19,667
	30,231		ASMedia Technology, Inc		1,786
	897,986		ASML Holding NV		670,848
	23,589		ASML Holding NV (ADR)		17,576
	24,000		ASPEED Technology, Inc		1,977
	7,331	*,e	Atomera, Inc		169
	42,247	*	Atto Co Ltd		185
	34,996	*	Axcelis Technologies, Inc		1,646
	45,679	*,e	AXT, Inc		381
	81,544		BE Semiconductor Industries NV		6,487
	1,037,407		Broadcom, Inc		503,070
	169,770		Brooks Automation, Inc		17,376
	33,175	*	Camtek Ltd		1,377
	7,976	*	Ceva, Inc		340
	196,000		Chang Wah Technology Co Ltd		665
	11,538	*,†	China Energy Savings Technology, Inc		0
	1,654,000		Chipbond Technology Corp		3,971
	2,486,436		ChipMOS Technologies, Inc		4,207
	107,673	*	Cirrus Logic, Inc		8,867
	15,986	e	CMC Materials, Inc		1,970
	39,356	*	Cohu, Inc		1,257
	657,431	*,e	Cree, Inc		53,074
	411,600		D&O Green Technologies Bhd		557
	67,200	*	Daqo New Energy Corp (ADR)		3,830
	32,986	*	Diodes, Inc		2,988
	29,080		Disco Corp		8,145
	97,540		Dongbu HiTek Co Ltd		4,408
	25,045	*	DSP Group, Inc		549
	10,310	*	Duk San Neolux Co Ltd		537
	285,400		Elan Microelectronics Corp		1,485
	252,000		Elite Semiconductor Memory Technology, Inc		1,164
	12,733		Elmos Semiconductor AG.		647
	116,571		eMemory Technology, Inc		8,152
	608,000	*	ENNOSTAR, Inc		1,534
	170,364	*	Enphase Energy, Inc		25,549
	157,986		Entegris, Inc		19,890
	8,174		Eo Technics Co Ltd		727
	234,000	*	Episil Holdings, Inc		978
	96,000		Episil-Precision, Inc		303
	14,160		Eugene Technology Co Ltd		473
	464,000		Everlight Electronics Co Ltd		787
	1,313,060		Faraday Technology Corp		5,352
	43,233		Ferrotec		1,222
	12,900		Fine Semitech Corp		286
	122,874	*	First Solar, Inc		11,730
	100,859		Fitipower Integrated Technology, Inc		698
	82,100		Flat Glass Group Co Ltd		584
	474,000	e	Flat Glass Group Co Ltd		2,218
	721,000	*	Forhouse Corp		287
	129,993	*	Formfactor, Inc		4,853
	171,000		Formosa Advanced Technologies Co Ltd		233
	634,200		Formosa Sumco Technology Corp		3,624
	67,376		Foxsemicon Integrated Technology, Inc		489

147

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	14,263,000	*,†	GCL Poly Energy Holdings Ltd	$	1,814
	337,706	*	GCL System Integration Technology Co Ltd		214
	32,704	*	GemVax & Kael Co Ltd		539
	46,306		Gigadevice Semiconductor Beijing, Inc		1,033
	86,000		Global Lighting Technologies, Inc		232
	71,000		Global Mixed Mode Technology, Inc		584
	86,000		Global Unichip Corp		1,528
	1,589,088		Globalwafers Co Ltd		44,828
	519,133		Globetronics Technology BHD		254
	539,000	*	Greatech Technology Bhd		908
	285,000		Greatek Electronics, Inc		827
	50,000		Gudeng Precision Industrial Co Ltd		414
	10,484		HAESUNG DS Co Ltd		359
	8,458		Hana Materials, Inc		343
	55,243		Hangzhou First Applied Material Co Ltd		1,076
	91,944		Hangzhou Silan Microelectronics Co Ltd		806
	21,070		Hanmi Semiconductor Co Ltd		544
	181,000		Holtek Semiconductor, Inc		728
	358,531	*,e,g	Hua Hong Semiconductor Ltd		1,839
	1,142,026		Hynix Semiconductor, Inc		97,765
	194,388	*	Ichor Holdings Ltd		7,987
	47,258	*	Impinj, Inc		2,700
	1,861,148		Infineon Technologies AG.		76,118
	27,956		Ingenic Semiconductor Co Ltd		552
	11,960	*	Innox Advanced Materials Co Ltd		384
	3,344,187	n	Intel Corp		178,178
	764,233	*,e	IQE plc		489
	136,000		ITE Technology, Inc		479
	7,236		ITM Semiconductor Co Ltd		263
	108,203		JA Solar Technology Co Ltd		1,095
	73,413		Japan Material Co Ltd		851
	68,000		Jentech Precision Industrial Co Ltd		848
	37,012	*,e	JinkoSolar Holding Co Ltd (ADR)		1,696
	36,815	*	Jusung Engineering Co Ltd		357
	11,400		KC Tech Co Ltd		230
	1,810,000		King Yuan Electronics Co Ltd		2,632
	288,000		Kinsus Interconnect Technology Corp		2,069
	288,927		KLA Corp		96,649
	54,223		Koh Young Technology, Inc		885
	6,242		KoMiCo Ltd		398
	410,549	*,e	Kopin Corp		2,106
	57,717		Kulicke & Soffa Industries, Inc		3,364
	465,999		Lam Research Corp		265,223
	83,800		Land Mark Optoelectronics Corp		672
	42,448		Lasertec Corp		9,664
	429,784	*	Lattice Semiconductor Corp		27,786
	25,126		LB Semicon, Inc		255
	9,831		LEENO Industrial Inc		1,451
	362,863		LONGi Green Energy Technology Co Ltd		4,612
	37,278		Machvision, Inc		303
	179,454	*	MACOM Technology Solutions Holdings, Inc		11,641
	1,824,000		Macronix International		2,380
	247,700		Malaysian Pacific Industries BHD		2,674
	783,000		Marketech International Corp		3,136
	2,612,804		Marvell Technology, Inc		157,578
	26,519	*	MaxLinear, Inc		1,306

148

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	5,026,065		MediaTek, Inc	$	161,776
	17,589	*	Megachips Corp		527
	53,174		Melexis NV		5,644
	171,943	*,e	Meta Materials, Inc		994
	2,642,935	*,e	Meyer Burger Technology AG.		1,190
	359,200		Mi Technovation Bhd		319
	400,588		Microchip Technology, Inc		61,486
	1,991,710		Micron Technology, Inc		141,372
	31,400		Micronics Japan Co Ltd		403
	17,991		Mimasu Semiconductor Industry Co Ltd		394
	24,206		Mitsui High-Tec, Inc		1,656
	38,918		MKS Instruments, Inc		5,873
	224,267		Monolithic Power Systems, Inc		108,698
	38,517		Montage Technology Co Ltd		352
	329,000		Motech Industries, Inc		346
	46,416	*	Nanometrics, Inc		3,354
	831,075		Nanya Technology Corp		1,941
	142,810	*	National Silicon Industry Group Co Ltd		627
	29,814		NAURA Technology Group Co Ltd		1,672
	57,771	*	NeoPhotonics Corp Ltd		503
	17,124	*	NEPES Corp		461
	4,769	*	NEXTIN, Inc		215
	211,384	*	Nordic Semiconductor ASA		6,288
	34,582	*	Nova Measuring Instruments Ltd		3,456
	465,758		Novatek Microelectronics Corp Ltd		6,767
	154,657		Nuvoton Technology Corp		732
	2,422		NVE Corp		155
	4,911,040		NVIDIA Corp		1,017,371
	1,032,475		NXP Semiconductors NV		202,231
	313,781	*	ON Semiconductor Corp		14,362
	29,152		Optorun Co Ltd		608
	159,000		Orise Technology Co Ltd		871
	245,100		Pan Jit International, Inc		775
	114,401		Parade Technologies Ltd		6,697
	35,039	*	PDF Solutions, Inc		807
	96,222		Phison Electronics Corp		1,287
	91,934	*	Photronics, Inc		1,253
	132,613		Pixart Imaging, Inc		730
	22,552		Power Integrations, Inc		2,232
	472,338		Powertech Technology, Inc		1,757
	9,255		PSK, Inc		282
	73,145	*	Qorvo, Inc		12,229
	1,801,912		QUALCOMM, Inc		232,411
	435,983		Radiant Opto-Electronics Corp		1,456
	129,961	*	Rambus, Inc		2,885
	52,000	*	RDC Semiconductor Co Ltd		599
	449,261		Realtek Semiconductor Corp		7,915
	364,232	*,e	REC Silicon ASA		545
	1,161,815	*	Renesas Electronics Corp		14,299
	16,935		RFHIC Corp		440
	82,800		RichWave Technology Corp		693
	129,641		Rohm Co Ltd		12,225
	12,007		Rorze Corp		852
	8,400		RS Technologies Co Ltd		415
	14,904		S&S Tech Corp		424
	317,013		Sanan Optoelectronics Co Ltd		1,547

149

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	28,613		Sanken Electric Co Ltd	$	1,602
	46,269	e	SCREEN Holdings Co Ltd		3,963
	126,000		SDI Corp		566
	200,360	*,e	Semtech Corp		15,622
	38,436		Seoul Semiconductor Co Ltd		491
	13,641		Seoul Viosys Co Ltd		187
	14,456		SG Micro Corp		741
	268,000	*,e	Shanghai Fudan Microelectronics Group Co Ltd		683
	30,185		Shenzhen Goodix Technology Co Ltd		516
	21,721		Shenzhen SC New Energy Technology Corp		463
	370,600		Shinko Electric Industries		12,275
	155,290	*	Shinsung Holdings Co Ltd		320
	46,000		ShunSin Technology Holding Ltd		143
	764,116		Sigurd Microelectronics Corp		1,611
	195,578		Silergy Corp		28,448
	83,350	*	Silicon Laboratories, Inc		11,682
	11,240		Silicon Works Co Ltd		946
	3,989		Siltronic AG.		630
	16,374		Siltronic AG.		2,583
	18,094		SIMMTECH Co Ltd		419
	1,021,838		Sino-American Silicon Products, Inc		6,569
	13,301	*	SiTime Corp		2,716
	112,567		Sitronix Technology Corp		976
	3,596	*,e	SkyWater Technology, Inc		98
	109,481		Skyworks Solutions, Inc		18,040
	14,253		SMA Solar Technology AG.		610
	64,777	*	SMART Global Holdings, Inc		2,883
	26,408	*	SOITEC		5,709
	145,000		Sonix Technology Co Ltd		467
	11,200		StarPower Semiconductor Ltd		699
	783,754		STMicroelectronics NV		34,220
	71,885	*	STS Semiconductor & Telecommunications		372
	1,281,383		Sumco Corp		25,564
	468,000		Sunplus Technology Co Ltd		595
	196,823	*,e	SunPower Corp		4,464
	47,003	*	Synaptics, Inc		8,448
	188,000		Taiwan Mask Corp		524
	205,000		Taiwan Semiconductor Co Ltd		469
	37,299,458		Taiwan Semiconductor Manufacturing Co Ltd		771,430
	491,608		Taiwan Semiconductor Manufacturing Co Ltd (ADR)		54,888
	243,847		Taiwan Surface Mounting Technology Co Ltd		883
	112,057		Teradyne, Inc		12,233
	14,210		TES Co Ltd		326
	9,583		Tesna Co Ltd		356
	819,337		Texas Instruments, Inc		157,485
	202,125		Tianjin Zhonghuan Semiconductor Co Ltd		1,428
	160,561		Tianshui Huatian Technology Co Ltd		299
	5,254		Tokai Carbon Korea Co Ltd		508
	105,905		Tokyo Electron Ltd		46,787
	58,900		Tokyo Seimitsu Co Ltd		2,417
	76,348		TongFu Microelectronics Co Ltd		223
	338,330		Topco Scientific Co Ltd		1,660
	22,646		Toptec Co Ltd		180
	220,014	*	Tower Semiconductor Ltd (Tel Aviv)		6,557
	32,600		Tri Chemical Laboratories, Inc		986
	1,746,000	*,†	Trony Solar Holdings Co Ltd.		2

150

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	3,870		TSE Co Ltd	$	218
	364,000	*	TSEC Corp		383
	12,737	*	U-Blox AG.		845
	247,523	*	Ultra Clean Holdings		10,544
	54,544		Ulvac, Inc		3,106
	35,306		Unigroup Guoxin Microelectronics Co Ltd		1,125
	211,400		Unisem M BHD		428
	8,088,071		United Microelectronics Corp		18,334
	1,256,253	*	United Renewable Energy Co Ltd/Taiwan		915
	16,403	*	UniTest, Inc		338
	41,985		Universal Display Corp		7,178
	601,744		Vanguard International Semiconductor Corp		3,230
	58,613	*	Veeco Instruments, Inc		1,302
	199,000		Via Technologies, Inc		307
	141,068		Visual Photonics Epitaxy Co Ltd		590
	223,700		ViTrox Corp BHD		1,068
	492,975		Wafer Works Corp		1,110
	57,311		Will Semiconductor Ltd		2,139
	486,000		Win Semiconductors Corp		5,344
	1,870,389		Winbond Electronics Corp		1,754
	28,938		WONIK IPS Co Ltd		964
	14,878	*	Wonik QnC Corp		290
	44,244	*,g	X-Fab Silicon Foundries SE		424
	62,425	*,g	X-Fab Silicon Foundries SE		593
	165,512		Xilinx, Inc		24,991
	160,000		XinTec, Inc		720
	4,925,214		Xinyi Solar Holdings Ltd		10,083
	76,906		Zhejiang Jingsheng Mechanical & Electrical Co Ltd		763
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		6,830,397
SOFTWARE & SERVICES - 11.5%
	113,500	*,e	21Vianet Group, Inc (ADR)		1,965
	204,087	*	360 Security Technology, Inc		374
	112,341	*	8x8, Inc		2,628
	115,914	*	A10 Networks, Inc		1,563
	147,803		Absolute Software Corp		1,624
	1,277,894		Accenture plc		408,824
	74,996	*	ACI Worldwide, Inc		2,305
	2,987		Adesso SE		606
	3,173	e	Admicom Oyj		339
	559,682	*	Adobe, Inc		322,220
	56,172	*,g	Adyen NV		157,021
	568,219	*	Afterpay Touch Group Ltd		49,364
	22,986	*	Agilysys, Inc		1,204
	31,500	*,e	Agora, Inc (ADR)		914
	5,883		Ahnlab, Inc		343
	1,821	*,e	AI inside, Inc		146
	182,654	*	Akamai Technologies, Inc		19,104
	12,369		Al Moammar Information Systems Co		552
	38,709	*	Alarm.com Holdings, Inc		3,027
	14,664	*,e	Alkami Technology, Inc		362
	197,651		Alliance Data Systems Corp		19,941
	7,100	e	Alpha Systems, Inc		271
	17,580	*,e	Altair Engineering, Inc		1,212
	35,577		Alten		5,206
	69,178	*	Alteryx, Inc		5,057

151

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	143,587		Altium Ltd	$	3,623
	838,577	*	Amadeus IT Holding S.A.		55,155
	198,569		Amdocs Ltd		15,034
	16,847		American Software, Inc (Class A)		400
	691,720	*	Anaplan, Inc		42,119
	8,104	*	Ansys, Inc		2,759
	129,045		Appen Ltd		819
	6,877	*	Appfolio, Inc		828
	41,155	*,e	Appian Corp		3,807
	623,982	*,e	Argo Blockchain plc		973
	17,600		Argo Graphics, Inc		522
	231,987	*	Asana, Inc		24,090
	184,400	g	AsiaInfo Technologies Ltd		305
	80,413	*	Aspen Technology, Inc		9,875
	93,719		Asseco Poland S.A.		2,064
	100,141		Atea ASA		1,732
	152,913	*	Atlassian Corp plc		59,853
	99,152		Atos Origin S.A.		5,267
	8,244		Aubay		465
	238,236	*	Autodesk, Inc		67,938
	485,931		Automatic Data Processing, Inc		97,147
	106,225	*	Avalara, Inc		18,565
	813,588	g	Avast plc		6,224
	64,908	*	Avaya Holdings Corp		1,285
	121,138		Aveva Group plc		5,855
	1,088,800	*,e	BASE, Inc		10,593
	13,460	*	BasWare Oyj		506
	365,503		Bechtle AG.		24,999
	76,837	*	Beijing E-Hualu Information Technology Co Ltd		351
	24,676		Beijing Kingsoft Office Software, Inc		1,068
	53,540		Beijing Shiji Information Technology Co Ltd		211
	50,118		Beijing Sinnet Technology Co Ltd		99
	38,400		Bell System24 Holdings, Inc		571
	59,140	*	Benefitfocus, Inc		656
	161,283	e	Bentley Systems, Inc		9,780
	93,614	*	BigCommerce Holdings, Inc		4,741
	87,696	*	Bill.Com Holdings, Inc		23,410
	136,458		Birlasoft Ltd		747
	41,074	*,e	Bit Digital, Inc		297
	231,125	*	Black Knight, Inc		16,641
	40,144	*,e	Blackbaud, Inc		2,824
	604,840	*,e	Blackberry Ltd (New)		5,888
	75,962	*	Blackline, Inc		8,968
	97,046	*	Blue Prism Group plc		1,504
	45,431	*	Bottomline Technologies, Inc		1,785
	585,428	*	Box, Inc		13,857
	1,311,575	*,e	BrainChip Holdings Ltd		369
	316,730		Bravura Solutions Ltd		695
	177,607	*	Brightcove, Inc		2,050
	120,700		Broadleaf Co Ltd		619
	132,375		Broadridge Financial Solutions, Inc		22,059
	97,139	*,e	BTRS Holdings, Inc		1,034
	255,002	*	Bytes Technology Group plc		1,742
	38,290	*,e	C3.ai, Inc		1,774
	250,594	*	Cadence Design Systems, Inc		37,950
	79,254	*	Cafe24 Corp		1,973

152

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	47,517		Cancom SE	$	2,807
	19,997	*	Cantaloupe, Inc		216
	826,587		Cap Gemini S.A.		171,415
	2,035,176	*	Capita Group plc		1,386
	15,100		Cass Information Systems, Inc		632
	10,963		cBrain A.S.		610
	140,347		CDK Global, Inc		5,972
	14,536	*,e	Cerence Inc		1,397
	152,223	*	Ceridian HCM Holding, Inc		17,143
	251,465	*	CGI, Inc		21,360
	39,300	*,e	Change, Inc		815
	151,458	*	ChannelAdvisor Corp		3,821
	426,800	*,e	Chatwork Co Ltd		4,196
	207,914	*	Check Point Software Technologies		23,503
	11,091		China National Software & Service Co Ltd		84
	82,374		China TransInfo Technology Co Ltd		188
	9,266,321	*	China Youzan Ltd		1,158
	2,952,000		Chinasoft International Ltd		5,214
	105,600	*	Chindata Group Holdings Ltd (ADR)		888
	1,116,100		Cielo S.A.		469
	134,929	*	Cint Group AB		1,523
	140,945		Citrix Systems, Inc		15,133
	36,281	*,e	Cleanspark, Inc		421
	297,459	*	Cloudera, Inc		4,750
	289,220	*	Cloudflare, Inc		32,581
	14,146	*	CM.com NV		598
	24,291		Coforge Ltd		1,708
	594,076		Cognizant Technology Solutions Corp (Class A)		44,086
	77,640	*	Cognyte Software Ltd		1,596
	185,762	*,e	Commvault Systems, Inc		13,990
	129,117		Computacenter plc		4,697
	33,565		Computer Age Management Services Ltd		1,366
	57,436		Computer Engineering & Consulting Ltd		675
	325,080		Computershare Ltd		4,204
	23,988		Comture Corp		665
	75,143	*	Concentrix Corp		13,300
	755,652	*	Conduent, Inc		4,980
	29,261		Constellation Software, Inc		47,937
	460,220	*	Converge Technology Solutions Corp		3,764
	169,803	*	Cornerstone OnDemand, Inc		9,723
	5,828	*	Couchbase, Inc		181
	82,102	*	Coupa Software, Inc		17,995
	69,761	*,g	Crayon Group Holding ASA		1,307
	347,718	*	Crowdstrike Holdings, Inc		85,462
	10,230	*	CS Disco, Inc		490
	25,927		CSG Systems International, Inc		1,250
	74,078	*	CyberArk Software Ltd		11,691
	27,100	e	Cybozu, Inc		589
	82,100		Cyient Ltd		1,167
	1,922,054	*,e	Darktrace plc		21,236
	1,246,763		Dassault Systemes SE		65,612
	190,368		Data#3 Ltd		655
	260,200	*	Datadog, Inc		36,779
	4,713	*	Datagroup SE		432
	20,462	*,e	Datto Holding Corp		489
	384,452	*	Descartes Systems Group, Inc		31,294

153

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	1,704	*	Devoteam S.A.	$	261
	88,577		DHC Software Co Ltd		104
	4,812	*,e	Digimarc Corp		166
	14,300		Digital Arts, Inc		1,153
	1,915,831		Digital China Holdings Ltd		1,054
	40,313		Digital Garage, Inc		1,839
	151,637	*	Digital Turbine, Inc		10,425
	116,692	*,e	DigitalOcean Holdings, Inc		9,059
	17,985	*	Docebo, Inc		1,313
	364,323	*	DocuSign, Inc		93,788
	43,655		Dolby Laboratories, Inc (Class A)		3,842
	141,740	*	Domo, Inc		11,969
	296,582		dotdigital group plc		963
	16,489	*,e	DoubleVerify Holdings, Inc		563
	356,208	*	Dropbox, Inc		10,408
	46,900		DTS Corp		1,078
	81,070	*	Duck Creek Technologies, Inc		3,587
	18,387		DuzonBIzon Co Ltd		1,477
	295,488	*	DXC Technology Co		9,931
	782,651		Dye & Durham Ltd		25,421
	324,625	*	Dynatrace, Inc		23,039
	189,574	*,e	E2open Parent Holdings, Inc		2,142
	24,100	e	Ebase Co Ltd		183
	30,833	e	Ebix, Inc		830
	169,969		Econocom Group S.A.		653
	246,462		Edenred		13,268
	18,348	*	eGain Corp		187
	111,981	*	Elastic NV		16,684
	332,092	*	EML Payments Ltd		912
	50,753		Enghouse Systems Ltd		2,227
	31,078	*	Envestnet, Inc		2,494
	159,072	*	EPAM Systems, Inc		90,747
	452,925	*,g	Equiniti Group plc		1,092
	59,105	*	Euronet Worldwide, Inc		7,523
	54,449	*	Everbridge, Inc		8,224
	36,124	*	EverCommerce, Inc		596
	153,376	e	EVERTEC, Inc		7,012
	16,947	*	Evo Payments, Inc		401
	216,787	*	Exasol AG.		2,973
	78,436	*	ExlService Holdings, Inc		9,657
	32,191	*	Fair Isaac Corp		12,810
	121,300	*,e	Fastly, Inc		4,905
	552,252	*	Fawry for Banking & Payment Technology Services SAE		499
	1,554,769		Fidelity National Information Services, Inc		189,184
	108,403	*,†,g	Finablr plc		1
	298,057	*	FireEye, Inc		5,305
	115,732	*	First Derivatives plc		3,665
	326,999		Firstsource Solutions Ltd		856
	1,583,467	*	Fiserv, Inc		171,806
	103,498	*	Five9, Inc		16,533
	91,941	*	FleetCor Technologies, Inc		24,021
	5,764	*,e	Flywire Corp		253
	10,757		Formula Systems 1985 Ltd		1,049
	153,744	*	Fortinet, Inc		44,899
	59,542		Fortnox AB		3,605

154

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	83,600	*	Freee KK	$	6,083
	120,433		F-Secure Oyj		666
	28,184		FUJI SOFT, Inc		1,476
	113,869		Fujitsu Ltd		20,577
	9,327		Fukui Computer Holdings, Inc		361
	24,100		Future Architect, Inc		599
	100,774	*	Gartner, Inc		30,623
	385,098		GB Group plc		4,488
	637,200	*,n	GDS Holdings Ltd		4,518
	793,684	*,n	GDS Holdings Ltd (ADR)		44,930
	296,769		Genpact Ltd		14,100
	122,456	g	Global Dominion Access S.A.		621
	338,877		Global Payments, Inc		53,400
	104,987	*	Globant S.A.		29,502
	1,900		GMO Financial Gate, Inc		572
	5,000	e	GMO GlobalSign Holdings KK		198
	119,670	*	GMO internet, Inc		3,046
	128,177		GMO Payment Gateway, Inc		16,184
	184,558	*	GoDaddy, Inc		12,864
	8,599	*,e	GreenBox POS		71
	107,003	*	GreenSky, Inc		1,196
	84,114	*	Grid Dynamics Holdings, Inc		2,458
	40,622	*	GTY Technology Holdings Inc		305
	9,222	*	Guidewire Software, Inc		1,096
	91,694		Hackett Group, Inc		1,799
	201,784		Hansen Technologies Ltd		799
	58,171		Happiest Minds Technologies Ltd		1,074
	723,093		HCL Technologies Ltd		12,402
	64,100	*,e	Hennge KK		3,397
	1,745,501	*	Hi Sun Technology China Ltd		284
	16,752		Hilan Ltd		942
	55,677	*	HubSpot, Inc		37,643
	33,902		Hundsun Technologies, Inc		301
	6,457		Hyundai Autoever Corp		530
	13,828	*	I3 Verticals, Inc		335
	27,045	*,e	IBEX Ltd		460
	265,202		Ideagen plc		1,135
	90,383		Iflytek Co Ltd		735
	156,127	*	Indra Sistemas S.A.		1,672
	286,886		Inesa Intelligent Tech, Inc - B		130
	348,849		Infibeam Incorporation Ltd		193
	24,853		Infocom Corp		530
	4,468,900		Infomart Corp		40,343
	26,248		Information Services International-Dentsu Ltd		991
	3,761,570		Infosys Technologies Ltd		84,335
	12,813	*	Instructure Holdings, Inc		289
	6,283	*	Intapp, Inc		162
	231,846	*	Integrated Research Ltd		273
	78,136	*	Intellect Design Arena Ltd		744
	11,461	*,e	Intelligent Systems Corp		465
	26,255		InterDigital, Inc		1,781
	1,168,287		International Business Machines Corp		162,310
	11,133	*,e	International Money Express Inc		186
	678,715		Intuit, Inc		366,174
	97,199		iomart Group plc		283
	226,908		Iress Market Technology Ltd		1,851

155

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	870,267	*,e	ironSource Ltd	$	9,460
	55,800		Itochu Techno-Science Corp		1,812
	78,432	*,e	j2 Global, Inc		10,715
	86,683		Jack Henry & Associates, Inc		14,221
	65,133	*	Jamf Holding Corp		2,509
	18,975	*,e	JFrog Ltd		636
	6,500	*,e	JIG-SAW, Inc		468
	37,857		Justsystems Corp		2,129
	157,331		Kainos Group plc		3,979
	12,159	*	Kaltura, Inc		125
	16,886		Kanematsu Electronics Ltd		588
	205,500	*,e	Kaonavi, Inc		4,299
	99,911	*	Kape Technologies plc		571
	508,652	*	Keywords Studios plc		19,958
	21,491		Kginicis Co Ltd		314
	200,188	*,e	Kinaxis, Inc		28,882
	6,054	*	KineMaster Corp		96
	1,699,495	*	Kingdee International Software Group Co Ltd		5,659
	33,992	*,e	Kingsoft Cloud Holdings Ltd (ADR)		963
	645,510		Kingsoft Corp Ltd		2,570
	24,373		KNOW IT AB		983
	217,305		KPIT Engineering Ltd		991
	68,805		Lakala Payment Co Ltd		262
	59,385	g	Larsen & Toubro Infotech Ltd		4,592
	3,556,997		Learning Technologies Group plc		10,314
	482,087	*	Lightspeed Commerce, Inc		46,519
	14,811	e	Lime Technologies AB		576
	150,180	*,e	Limelight Networks, Inc		357
	532,338		Link Administration Holdings Ltd		1,669
	281,394	*,e	LINK Mobility Group Holding ASA		1,091
	18,515		LiveChat Software S.A.		495
	336,919	*	Liveperson, Inc		19,861
	166,477	*	LiveRamp Holdings, Inc		7,863
	929,828	g	Locaweb Servicos de Internet S.A.		3,907
	4,869		Lotte Data Communication Co		147
	33,562		Magic Software Enterprises Ltd		664
	7,614		Malam-Team Ltd		248
	73,823	*	Manhattan Associates, Inc		11,297
	227,305	*,e	Marathon Digital Holdings, Inc		7,178
	50,000	*,e	Marqeta, Inc		1,106
	2,457,496		Mastercard, Inc (Class A)		854,422
	42,218		Matrix IT Ltd		1,124
	23,221		MAXIMUS, Inc		1,932
	77,618		McAfee Corp		1,716
	124,186	*	Medallia, Inc		4,206
	719,240	*	Megaport Ltd		8,595
	7,639	*	MeridianLink, Inc		171
	421,933		Micro Focus International plc		2,321
	15,653,165		Microsoft Corp		4,412,940
	3,011	*,e	MicroStrategy, Inc (Class A)		1,742
	172,209	*,e	Mimecast Ltd		10,953
	231,636		MindTree Ltd		13,044
	444,000	e	Ming Yuan Cloud Group Holdings Ltd		1,539
	29,600		Miroku Jyoho Service Co Ltd		449
	123,306	*	Mitek Systems, Inc		2,281
	20,267		Mitsubishi Research Institute, Inc		795

156

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	124,451	*	Model N, Inc	$	4,169
	52,188	*	Money Forward, Inc		3,726
	164,638	*	MoneyGram International, Inc		1,320
	72,493	*	MongoDB, Inc		34,181
	42,237		Moshi Moshi Hotline, Inc		443
	98,086		Mphasis Ltd		4,074
	5,036,800		My EG Services BHD		1,103
	35,835	*,e	N-Able, Inc		445
	10,319	*	Nagarro SE		1,811
	852,000	*,†,e	National Agricultural Holdings Ltd		1
	377,230		NCC Group plc		1,306
	65,249	*,e	nCino, Inc		4,635
	149,087	*	NCR Corp		5,779
	2,873,968	*,e	nearmap Ltd		3,854
	589,881		NEC Corp		31,966
	81,643		NEC Networks & System Integration Corp		1,540
	57,299		Nemetschek AG.		5,985
	106,706		NET One Systems Co Ltd		3,502
	68,256	g	Netcompany Group A.S.		7,873
	569,833	*,g	Network International Holdings plc		2,789
	60,716	*	New Relic, Inc		4,358
	372,000	*	Newborn Town, Inc		201
	411,123	*,g	Nexi S.p.A		7,666
	5,992,943	*	NEXTDC Ltd		51,051
	13,268	*	NHN KCP Corp		578
	76,391	*	Nice Systems Ltd		21,631
	115,738		Nihon Unisys Ltd		2,997
	86,000		Nippon System Development Co Ltd		1,567
	1,500,000	*	Nitro Software Ltd		3,921
	189,090		Nomura Research Institute Ltd		6,950
	6,192	*,e	Northern Data AG.		531
	808,997		NortonLifelock, Inc		20,468
	37,792		NS Solutions Corp		1,282
	373,145		NTT Data Corp		7,214
	434,991	*	Nuance Communications, Inc		23,942
	264,055	*	Nuix Ltd		472
	372,001	*	Nutanix, Inc		14,024
	95,481	*	Nuvei Corp		11,030
	125,410	*	Nuvei Corp		14,367
	39,600	e	OBIC Business Consultants Ltd		2,016
	20,510		Obic Co Ltd		3,900
	34,570		Objective Corp Ltd		461
	139,155	*	Okta, Inc		33,027
	12,491	*	ON24, Inc		249
	44,920		One Software Technologies Ltd		723
	141,100	*	OneConnect Financial Technology Co Ltd (ADR)		579
	11,378	*	OneSpan, Inc		214
	123,679		Open Text Corp		6,028
	310,631		Open Text Corp (Toronto)		15,161
	19,000	*,e	Optim Corp		345
	2,526,174		Oracle Corp		220,106
	25,942	*	Oracle Corp Japan		2,279
	21,604		Oracle Financial Services Software Ltd		1,323
	7,438		Oro Co Ltd		249
	21,660		Otsuka Corp		1,114
	103,458	*	Pagerduty, Inc		4,285

157

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	434,707	*,e	Pagseguro Digital Ltd	$	22,483
	1,821,489	*	Palantir Technologies, Inc		43,789
	106,965	*	Palo Alto Networks, Inc		51,236
	228,305	*,e	Paya Holdings, Inc		2,482
	368,514		Paychex, Inc		41,439
	58,029	*	Paycom Software, Inc		28,768
	22,862	*	Paycor HCM, Inc		804
	65,975	*	Paylocity Holding Corp		18,499
	3,457,802	*	PayPal Holdings, Inc		899,755
	463,226	*,e	Paysafe Ltd		3,590
	78,364		Pegasystems, Inc		9,960
	19,247	*	Perficient, Inc		2,227
	48,041		Persistent Systems Ltd		2,400
	93,202	*,e	Pexip Holding ASA		752
	52,516	*	Ping Identity Holding Corp		1,290
	23,000	*,e	PKSHA Technology, Inc		392
	19,600	*,e	Plaid, Inc		512
	51,906		Posco ICT Co Ltd		292
	3,973	*,e	Priority Technology Holdings Inc		27
	11,392	*	Procore Technologies, Inc		1,018
	201,183		Progress Software Corp		9,896
	14,906	*	PROS Holdings, Inc		529
	126,067	*	PTC, Inc		15,102
	1,184,602	*,e	Pushpay Holdings Ltd		1,503
	20,612	*	Q2 Holdings, Inc		1,652
	5,159		QAD, Inc (Class A)		451
	43,100	e	QIWI plc (ADR)		361
	21,272	*	QT Group Oyj		3,578
	342,430	*,e	Qualtrics International, Inc		14,635
	12,557	*	Qualys, Inc		1,397
	33,296	*,e	Rackspace Technology, Inc		473
	89,700		Rakus Co Ltd		3,178
	43,662	*	Rapid7, Inc		4,935
	21,004	*,e	Rekor Systems, Inc		241
	168,685	*	Repay Holdings Corp		3,885
	25,154		Reply S.p.A		4,617
	14,150	*	Rimini Street, Inc		137
	90,922	*	RingCentral, Inc		19,776
	56,260	*,e	Riot Blockchain, Inc		1,446
	20,754		Route Mobile Ltd		542
	22,913		Rsupport Co Ltd		144
	60,918	e	S&T AG.		1,583
	367,132	*	Sabre Corp		4,347
	1,078,483		Sage Group plc		10,269
	147,877	*	SailPoint Technologies Holding, Inc		6,341
	38,261		Saipens International Corp NV		1,102
	3,206,537	*	salesforce.com, Inc		869,677
	23,665		Samsung SDS Co Ltd		3,175
	27,325		Sangfor Technologies, Inc		993
	19,300	*,e	Sansan, Inc		1,861
	1,083,012		SAP AG.		146,455
	35,293		Sapiens International Corp NV		1,016
	1,480		Secunet Security Networks AG.		737
	13,156	*,e	SecureWorks Corp		262
	60,000	*,e	SentinelOne, Inc		3,214
	580,852	*	ServiceNow, Inc		361,447

158

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	900,000	*	Sezzle, Inc (ADR)	$	3,643
	27,489		Shanghai Baosight Software Co Ltd		279
	273,772	*	SHIFT, Inc		58,252
	50,440	*	Shift4 Payments, Inc		3,910
	9,760	*	Shopify, Inc (Class A)		13,232
	159,257	*	Shopify, Inc (Class A) (Toronto)		216,168
	3,328	*	ShotSpotter, Inc		121
	929,741		Silverlake Axis Ltd		201
	49,463		SimCorp AS		5,844
	506,411	*,g	Sinch AB		9,820
	196,724	*	Smartsheet, Inc		13,539
	215,515	*	Smith Micro Software, Inc		1,043
	219,272	*	Snowflake, Inc		66,314
	10,100		Softbank Technology Corp		274
	145,535		Softcat plc		3,973
	63,788		Software AG.		2,965
	32,914	e	SolarWinds Corp		551
	260,385	*,e	Solutions 30 SE		2,564
	61,165		Sonata Software Ltd		717
	1,104,041		Sonda S.A.		476
	20,359		Sopra Group S.A.		3,772
	157,062	e	Sourcenext Corp		339
	190,375	*	Splunk, Inc		27,549
	128,211	*	Sprout Social, Inc		15,635
	144,569	*	SPS Commerce, Inc		23,320
	755,351	*	Square, Inc		181,163
	248,071		SS&C Technologies Holdings, Inc		17,216
	27,506	*	StarTek, Inc		152
	1,075,134	*	StoneCo Ltd		37,329
	162,900		Sumisho Computer Systems Corp		3,445
	61,076	*,e	Sumo Logic, Inc		985
	891,224		SUNeVision Holdings Ltd		838
	599,930	*	SVMK, Inc		11,759
	130,884		Switch, Inc		3,323
	501,610	*	Synopsys, Inc		150,187
	81,428		Systena Corp		1,639
	380,851		Systex Corp		1,192
	82,482		Tanla Platforms Ltd		962
	1,024,677		Tata Consultancy Services Ltd		51,929
	57,678		Tata Elxsi Ltd		4,320
	160,929	*,g	TeamViewer AG.		4,708
	422,275		Tech Mahindra Ltd		7,818
	51,400		TechMatrix Corp		928
	332,359		Technology One Ltd		2,683
	13,739	*	Telos Corp		390
	66,970		Temenos Group AG.		9,087
	409,511	*	Tenable Holdings, Inc		18,895
	204,377	*	Teradata Corp		11,721
	21,461		Thunder Software Technology Co Ltd		413
	108,742		Tietoenator Oyj		3,275
	42,500		TIS, Inc		1,160
	35,940		TKC		1,129
	511,752		Totvus S.A.		3,392
	481,932	*	Trade Desk, Inc		33,880
	38,961	*	Trans Cosmos, Inc/Japan		1,272
	671,219		Travelsky Technology Ltd		1,295

159

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	45,452	*	Trend Micro, Inc	$	2,531
	47,255	e	TTEC Holdings, Inc		4,420
	3,503	*,e	Tucows, Inc		277
	503,369	*	Twilio, Inc		160,600
	46,054	*	Tyler Technologies, Inc		21,123
	423,873	*	Tyro Payments Ltd		1,176
	31,100		Uchida Yoko Co Ltd		1,514
	391,425	*,e	UiPath, Inc		20,593
	285,093	*	Unifiedpost Group S.A.		5,872
	36,333	*	Unisys Corp		913
	166,826	*	Unity Software, Inc		21,062
	47,851	*	Upland Software, Inc		1,600
	566,497		Vakrangee Ltd		308
	40,380	*	Varonis Systems, Inc		2,457
	76,264	*	Verint Systems, Inc		3,416
	116,855	*	VeriSign, Inc		23,956
	69,985	*,e	Veritone, Inc		1,672
	627,346	*	Verra Mobility Corp		9,454
	4,643	*	Viant Technology, Inc		57
	81,391	*,e	VirnetX Holding Corp		319
	3,489,112		Visa, Inc (Class A)		777,200
	90,155	*,e	VMware, Inc (Class A)		13,406
	1,372,000	*,e	Vobile Group Ltd		1,084
	49,936	*	Volue ASA		274
	630,355	*	Vonage Holdings Corp		10,161
	1,913,000	*,e,g	Weimob, Inc		2,761
	641,297		Western Union Co		12,967
	51,934	*,e	WEX, Inc		9,148
	919,092		Wipro Ltd		7,807
	239,306		Wisetech Global Ltd		9,075
	123,537	*	Wix.com Ltd		24,210
	210,296	*	Workday, Inc		52,551
	87,965	*	Workiva, Inc		12,400
	47,658	*,g	Worldline S.A.		3,633
	133,805	*	Xero Ltd		13,130
	203,253		Xperi Holding Corp		3,829
	38,966	*	Yext, Inc		469
	128,387		Yonyou Network Technology Co Ltd		657
	351,093	*	Zendesk, Inc		40,864
	97,302		Zensar Technologies Ltd		625
	22,947	*	Zix Corp		162
	239,902	*	Zoom Video Communications, Inc		62,734
	314,390	*	Zscaler, Inc		82,439
	15,700		Zuken, Inc		572
	722,575	*	Zuora Inc		11,980
			TOTAL SOFTWARE & SERVICES		15,481,586
TECHNOLOGY HARDWARE & EQUIPMENT - 5.5%
	160,995	*	3D Systems Corp		4,439
	5,590	*,e	908 Devices, Inc		182
	20,101,944		AAC Technologies Holdings, Inc		95,062
	73,000	*	Ability Opto-Electronics Technology Co Ltd		174
	547,402		Accton Technology Corp		5,159
	27,366	*	ACE Technologies Corp		366
	1,756,532		Acer, Inc		1,548
	69,311		Addsino Co Ltd		161

160

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	85,000		Adlink Technology, Inc	$	193
	52,876		Adtran, Inc		992
	48,098	*	ADVA AG. Optical Networking		689
	45,000		Advanced Ceramic X Corp		550
	75,084		Advanced Energy Industries, Inc		6,589
	248,331		Advantech Co Ltd		3,236
	93,242	*,e	Aeva Technologies, Inc		740
	41,506		Ai Holdings Corp		877
	14,441	*,e	Akoustis Technologies, Inc		140
	166,000		Alpha Networks, Inc		152
	481,000		Alps Electric Co Ltd		5,212
	7,975		ALSO Holding AG.		2,300
	64,750		Amano Corp		1,656
	389,152		Amphenol Corp (Class A)		28,498
	1,637,593	e	Anritsu Corp		29,223
	150,000		Apex International Co Ltd		363
	26,511,816	d,n	Apple, Inc		3,751,422
	135,409		Arcadyan Technology Corp		449
	247,598	*	Arista Networks, Inc		85,085
	270,493	*	Arlo Technologies, Inc		1,734
	82,856	*	Arrow Electronics, Inc		9,304
	218,000		Asia Optical Co, Inc		595
	276,000		Asia Vital Components Co Ltd		775
	44,000		ASROCK, Inc		252
	470,026		Asustek Computer, Inc		5,459
	415,700		ATA IMS BHD		260
	89,000		Aten International Co Ltd		262
	5,405,534		AU Optronics Corp		3,389
	37,219		Audiocodes Ltd		1,205
	65,000		AURAS Technology Co Ltd		382
	43,598		Aurora Corp		138
	32,043		Austria Technologie & Systemtechnik AG.		1,215
	76,900		Avary Holding Shenzhen Co Ltd		396
	11,611	*,e	Aviat Networks, Inc		382
	130,465	*	Avid Technology, Inc		3,773
	160,964	e	Avnet, Inc		5,951
	74,700		Azbil Corp		3,216
	23,440		Badger Meter, Inc		2,371
	83,454		Barco NV		1,812
	4,915		Basler AG.		824
	22,543	*	Beijing BDStar Navigation Co Ltd		140
	15,300		Beijing Yuanliu Hongyuan Electronic Technology Co Ltd		356
	51,895	e	Belden CDT, Inc		3,023
	74,528		Benchmark Electronics, Inc		1,991
	1,531,798		Benq Corp		1,560
	23,242		BH Co Ltd		356
	1,377,637		BOE Technology Group Co Ltd		1,070
	189,430		Brother Industries Ltd		4,168
	449,939	e	BYD Electronic International Co Ltd		1,574
	44,784	*	CalAmp Corp		446
	418,543	*	Calix, Inc		20,689
	71,737	*	Cambium Networks Corp		2,596
	99,000	*,e	Canaan, Inc (ADR)		605
	29,200	*	Canon Electronics, Inc		437
	54,990		Canon Marketing Japan, Inc		1,277

161

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	366,159		Canon, Inc	$	8,959
	372,996		Career Technology Co Ltd		346
	66,816	*	Casa Systems, Inc		453
	453,947		Catcher Technology Co Ltd		2,714
	349,533		CDW Corp		63,622
	284,221	*	Celestica, Inc		2,524
	333,000		Chang Wah Electromaterials, Inc		386
	92,245		Chaozhou Three-Circle Group Co Ltd		527
	515,481		Cheng Uei Precision Industry Co Ltd		700
	593,000		Chicony Electronics Co Ltd		1,630
	220,179		Chilisin Electronics Corp		674
	489,600	*,†	China Fiber Optic Network System Group Ltd		1
	120,957		China Greatwall Technology Group Co Ltd		246
	347,898		China Railway Signal & Communication Corp Ltd		277
	356,000		Chin-Poon Industrial Co		370
	351,840		Chroma ATE, Inc		2,203
	20,000		Chunghwa Precision Test Tech Co Ltd		482
	615,299	*	Ciena Corp		31,596
	14,437,775		Cisco Systems, Inc		785,848
	747,900		Citizen Watch Co Ltd		3,427
	4,027	*	Clearfield, Inc		178
	381,393		Clevo Co		390
	891,743		CMC Magnetics Corp		285
	127,353		Codan Ltd		1,156
	554,777		Cognex Corp		44,504
	17,138	*	Coherent, Inc		4,286
	2,260,312	*,e	Comba Telecom Systems Holdings Ltd		577
	8,354		Comet Holding AG.		2,889
	148,350	*	CommScope Holding Co, Inc		2,016
	2,779,524		Compal Electronics, Inc		2,343
	990,000		Compeq Manufacturing Co		1,313
	29,542		Comtech Telecommunications Corp		757
	91,249		Concraft Holding Co Ltd		192
	24,000		CONEXIO Corp		334
	324,600		Coretronic Corp		635
	504,967		Corning, Inc		18,426
	9,413	*,e	Corsair Gaming, Inc		244
	20,532	*	CosmoAM&T Co Ltd		832
	202,000		Co-Tech Development Corp		540
	342,000		Cowell e Holdings, Inc		214
	84,098		CTS Corp		2,599
	57,702		Daea TI Co Ltd		326
	32,413		Daeduck Electronics Co Ltd		451
	10,565		Daejoo Electronic Materials Co Ltd		887
	105,770		Daiwabo Co Ltd		1,693
	52,894	*	Daktronics, Inc		287
	202,421		Darfon Electronics Corp		298
	16,600	e	Datalogic S.p.A.		334
	284,828		DataTec Ltd		726
	301,520	*	Dell Technologies, Inc		31,370
	156,757		Delta Electronics Thai PCL		2,178
	1,277,673		Delta Electronics, Inc		11,448
	63,701		Dexerials Corp		1,250
	66,935	e	Dicker Data Ltd		603
	26,278	*	Diebold, Inc		266
	35,637	*	Digi International, Inc		749

162

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	31,844		Digital Power Communications Co Ltd	$	384
	25,963		Dreamtech Co Ltd		225
	137,000		Dynapack International Technology Corp		472
	16,115	*	DZS, Inc		198
	302,100		Eastern Communications Co Ltd		141
	21,910	*,e	Eastman Kodak Co		149
	132,211	*,e	Ebang International Holdings, Inc		251
	253,616	*	EchoStar Corp (Class A)		6,470
	62,000		Egis Technology, Inc		263
	16,724		Eizo Nanao Corp		639
	50,796		Elecom Co Ltd		816
	19,400		Elematec Corp		198
	278,270		Elite Material Co Ltd		2,155
	279,000		Elitegroup Computer Systems Co Ltd		237
	95,529	*	EMCORE Corp		715
	63,704	*	Ennoconn Corp		436
	11,300	e	Enplas Corp		318
	15,434	*	ePlus, Inc		1,584
	32,835,100		Erajaya Swasembada Tbk PT		1,377
	2,936,340	e	Ericsson (LM) (B Shares)		33,142
	18,601		ESPEC Corp		392
	40,061		Esprinet S.p.A.		523
	32,652		Evertz Technologies Ltd		370
	649,845	*	Extreme Networks, Inc		6,401
	42,438	*	F5 Networks, Inc		8,436
	62,245	*	Fabrinet		6,381
	38,066	*	FARO Technologies, Inc		2,505
	175,963	*	Feelux Co Ltd		501
	91,848		Fiberhome Telecommunication Technologies Co Ltd		250
	3,068,000	*,e	FIH Mobile Ltd		458
	711,020	*,e	Fingerprint Cards AB		1,974
	228,633		Firich Enterprises Co Ltd		239
	338,392		FLEXium Interconnect, Inc		1,233
	99,310		Flytech Technology Co Ltd		234
	22,355,078		Foxconn Industrial Internet Co Ltd		40,082
	1,579,193		Foxconn Technology Co Ltd		3,949
	889,163		Fujifilm Holdings Corp		76,779
	239,000		General Interface Solution Holding Ltd		810
	76,378		Genius Electronic Optical Co Ltd		1,116
	385,271		Getac Technology Corp		710
	498,123		Gigabyte Technology Co Ltd		1,539
	34,558		Gilat Satellite Networks Ltd		306
	257,000		Global Brands Manufacture Ltd		303
	134,322		GoerTek, Inc		890
	375,000		Gold Circuit Electronics Ltd		865
	123,536		GRG Banking Equipment Co Ltd		187
	140,497		Guangzhou Haige Communications Group, Inc Co		222
	40,418		Guangzhou Shiyuan Electronic Technology Co Ltd		490
	877,433		Halma plc		33,468
	53,784		Hamamatsu Photonics KK		3,327
	601,500		Hana Microelectronics PCL (Foreign)		1,399
	291,493		Hannstar Board Corp		425
	2,214,330		HannStar Display Corp		1,190
	91,317	*	Harmonic, Inc		799
	1,480,058		Hewlett Packard Enterprise Co		21,091
	1,276,302		Hexagon AB		19,742

163

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	696,000	*	High Tech Computer Corp	$	913
	11,900		Hioki EE Corp		1,019
	6,044		Hirose Electric Co Ltd		1,004
	58,580		Hiwin Mikrosystem Corp		208
	31,450		HMS Networks AB		1,514
	131,470		Holystone Enterprise Co Ltd		543
	8,247,640		Hon Hai Precision Industry Co, Ltd		30,785
	39,799		Horiba Ltd		2,777
	98,200		Hosiden Corp		846
	1,363,918		HP, Inc		37,317
	62,000		Huagong Tech Co Ltd		279
	197,000	*,e	Huobi Technology Holdings Ltd		202
	911,500		Ibiden Co Ltd		50,137
	7,127	*,e	Identiv, Inc		134
	124,756		IEI Integration Corp		197
	92,192	*	II-VI, Inc		5,473
	22,674		Iljin Materials Co Ltd		1,959
	2,653,270		Inari Amertron BHD		2,321
	2,124		Inficon Holding AG.		2,480
	63,905	*	Infinera Corp		532
	72,200		Innodisk Corp		467
	6,149,321		InnoLux Display Corp		3,701
	82,518	*,e	Inseego Corp		550
	56,418	*	Insight Enterprises, Inc		5,082
	33,500		Inspur Electronic Information Industry Co Ltd		147
	76,500		Intelbras S.A. Industria de Telecomunicacao Eletronica Brasileira		438
	1,670,172		Inventec Co Ltd		1,539
	25,864	*	IPG Photonics Corp		4,097
	24,300		Iriso Electronics Co Ltd		988
	236,820		ITEQ Corp		1,221
	90,531	*	Iteris, Inc		478
	24,316	*	Itron, Inc		1,839
	20,638		Ituran Location and Control Ltd		524
	160,905		Jabil Inc		9,392
	57,542		Japan Aviation Electronics Industry Ltd		837
	992,594	*,e	Japan Display, Inc		327
	396,400		Jaymart PCL		460
	61,636		Jenoptik AG.		2,077
	232,725		Juniper Networks, Inc		6,405
	17,800		Kaga Electronics Co Ltd		480
	709,000		KCE Electronics PCL		1,640
	498,338		Keyence Corp		297,444
	122,947	*	Keysight Technologies, Inc		20,199
	38,823	*	Kimball Electronics, Inc		1,000
	57,000		King Slide Works Co Ltd		792
	449,205		Kingboard Chemical Holdings Ltd		2,033
	1,159,746		Kingboard Laminates Holdings Ltd		1,896
	25,596	*,e	KMW Co Ltd		859
	385,131	*	Knowles Corp		7,217
	38,300		Koa Corp		584
	10,939	*	KONA I Co Ltd		273
	1,055,700	e	Konica Minolta Holdings, Inc		5,665
	18,541	*	KVH Industries, Inc		179
	62,193		Kyocera Corp		3,888
	20,764		L&F Co Ltd		3,088

164

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	25,933		Landis&Gyr Group AG.	$	1,666
	66,625		Largan Precision Co Ltd		5,191
	662		LEM Holding S.A.		1,541
	5,158,399		Lenovo Group Ltd		6,733
	263,623		Lens Technology Co Ltd		847
	297,761		Leyard Optoelectronic Co Ltd		474
	157,862	*,e	LG Display Co Ltd		2,491
	8,866		LG Innotek Co Ltd		1,538
	472,284	*	Lingyi iTech Guangdong Co		470
	1,389,277		Lite-On Technology Corp		3,096
	28,368		Littelfuse, Inc		7,752
	174,191	e	Logitech International S.A.		15,497
	78,270		Lotes Co Ltd		1,548
	31,755		LPKF Laser & Electronics AG.		721
	88,236	*	Lumentum Holdings, Inc		7,371
	13,823	*	Luna Innovations, Inc		131
	454,424		Luxshare Precision Industry Co Ltd		2,493
	56,307		Macnica Fuji Electronics Holdings, Inc		1,310
	9,900		Maruwa Co Ltd		1,008
	162,300		Maxell Holdings Ltd		1,940
	19,284		Maxscend Microelectronics Co Ltd		1,042
	74,891		Mcj Co Ltd		807
	11,757		Mcnex Co Ltd		392
	23,700		Meiko Electronics Co		634
	7,065		Melco Holdings, Inc		298
	610,076		Merry Electronics Co Ltd		1,930
	44,649		Methode Electronics, Inc		1,877
	198,000	*,†,e	MH Development Ltd		0	^
	91,161	e	Micronic AB		2,268
	450,200		Micro-Star International Co Ltd		2,076
	59,794	*,e	Microvision, Inc		661
	889,893		Mitac Holdings Corp		911
	274,002		Motorola Solutions, Inc		63,656
	386,127		Murata Manufacturing Co Ltd		34,154
	147,000		Nan Ya Printed Circuit Board Corp		2,263
	320,200	*,e	Nano Dimension Ltd (ADR)		1,806
	5,712	*	Napco Security Technologies, Inc		246
	241,075	e	National Instruments Corp		9,457
	44,888		Neopost S.A.		1,078
	255,619		NetApp, Inc		22,944
	35,096	*	Netgear, Inc		1,120
	81,528	*	Netscout Systems, Inc		2,197
	118,412	*	Newmax Technology Co Ltd		165
	52,750		Nichicon Corp		498
	54,415		Ninestar Corp		314
	21,000		Nippon Ceramic Co Ltd		574
	275,576		Nippon Electric Glass Co Ltd		6,518
	46,256		Nippon Signal Co Ltd		413
	47,860		Nissha Printing Co Ltd		761
	67,387	*	nLight, Inc		1,900
	26,172		Nohmi Bosai Ltd		482
	1	*	Nokia Corp (ADR)		0	^
	6,178,950	*	Nokia Oyj (Turquoise)		34,079
	28,385	*	Novanta, Inc		4,385
	2,542,110		OFILM Group Co Ltd		3,296

165

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	102,936		Oki Electric Industry Co Ltd	$	900
	86,568		Omron Corp		8,566
	40,879		Optex Co Ltd		556
	7,958		OptoElectronics Solutions Co Ltd		236
	62,536	*	OSI Systems, Inc		5,928
	14,265	*	Ouster, Inc		104
	390,224		Pan-International Industrial		544
	8,973	*,e	PAR Technology Corp		552
	4,151		Park Systems Corp		378
	37,217		Partron Co Ltd		288
	759,256		PAX Global Technology Ltd		953
	11,963		PC Connection, Inc		527
	1,312,915		Pegatron Technology Corp		3,144
	32,142	*	Plantronics, Inc		826
	20,350	*	Plexus Corp		1,819
	397,414		Primax Electronics Ltd		725
	838,000		Prime View International Co Ltd		2,195
	479,775	*	Pure Storage, Inc		12,071
	1,783,390		Quanta Computer, Inc		4,935
	201,000		Quanta Storage, Inc		260
	105,343	*	Quantum Corp		546
	51,307	*	Radware Ltd		1,730
	26,318		Raytron Technology Co Ltd		356
	6,582,000	*,e,g	Razer, Inc		1,335
	646,834		Redington India Ltd		1,211
	43,643		Renishaw plc		2,771
	20,747		Restar Holdings Corp		344
	77,647	*	Ribbon Communications, Inc		464
	298,485		Ricoh Co Ltd		3,054
	14,726		Riken Keiki Co Ltd		403
	44,498		Riso Kagaku Corp		907
	779,881	*	Ritek Corp		268
	18,063	*	Rogers Corp		3,368
	23,233		Ryosan Co Ltd		479
	14,700	e	Ryoyo Electro Corp		308
	36,198		Samsung Electro-Mechanics Co Ltd		5,356
	6,104,890		Samsung Electronics Co Ltd		378,470
	543,848		Samsung Electronics Co Ltd (Preference)		31,727
	36,324		Samsung SDI Co Ltd		21,675
	7,695		Samwha Capacitor Co Ltd		379
	8,165		Sang-A Frontec Co Ltd		460
	124,527	*	Sanmina Corp		4,799
	8,700	e	Sanshin Electronics Co Ltd		134
	27,687	*	Scansource, Inc		963
	4,820		Seagate Technology Holdings plc		398
	265,060		Seiko Epson Corp		5,352
	11,932	*,g	Sensirion Holding AG.		1,450
	21,000		Sensortek Technology Corp		434
	13,172	*	Seojin System Co Ltd		396
	213,419		Sercomm Corp		475
	22,916		Sesa S.p.A		4,124
	106,084		Shengyi Technology Co Ltd		354
	22,205		Shennan Circuits Co Ltd		324
	63,621		Shenzhen Kaifa Technology Co Ltd		138
	45,000		Shenzhen Sunlord Electronics Co Ltd		236

166

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	76,102		Shenzhen Sunway Communication Co Ltd	$	264
	173,317		Shimadzu Corp		7,611
	45,110	*,e	Sierra Wireless, Inc		698
	31,300		Siix Corp		336
	256,907		Simplo Technology Co Ltd		2,642
	207,123		Sinbon Electronics Co Ltd		1,742
	894,202	*	SKP Resources Bhd		389
	210,127	*	S-MAC Co Ltd/Korea		210
	1,262,196		Softwareone Holding AG.		27,600
	52,601	*	Solid, Inc		303
	28,023	*	SOLUM Co Ltd		653
	10,241		Solus Advanced Materials Co Ltd		610
	140,679		Spectris plc		7,301
	92,000		Speed Tech Corp		264
	1,427,324		Spirent Communications plc		5,377
	157,913		Sterlite Technologies Ltd		605
	415,314	*,e	Stratasys Ltd		8,938
	263,615		Strix Group plc		1,213
	16,800	e	Sun Corp		424
	472,549		Sunny Optical Technology Group Co Ltd		12,374
	68,000		Sunrex Technology Corp		108
	101,895	*	Super Micro Computer, Inc		3,726
	410,623		Supreme Electronics Co Ltd		648
	81,941		Suzhou Dongshan Precision Manufacturing Co Ltd		263
	105,250		Syncmold Enterprise Corp		261
	79,888		SYNNEX Corp		8,316
	877,621		Synnex Technology International Corp		1,634
	218,800		Synnex Thailand PCL (ADR)		150
	237,000		Taiwan Union Technology Corp		909
	142,840		Taiyo Yuden Co Ltd		8,367
	78,500	e	Tamura Corp		513
	75,837		TDK Corp		2,735
	1,546,551		TE Connectivity Ltd		212,218
	78,568	*	Telcon RF Pharmaceutical Inc		262
	130,012	*	Teledyne Technologies, Inc		55,851
	151,495		Test Research, Inc		302
	72,000		Thinking Electronic Industrial Co Ltd		425
	47,904		Tianjin 712 Communication & Broadcasting Co Ltd		273
	80,630		Tianma Microelectronics Co Ltd		169
	102,441	*	Tobii AB		694
	149,220		Tong Hsing Electronic Industries Ltd		1,192
	8,780,000	*	Tongda Group Holdings Ltd		273
	128,256		Topcon Corp		2,230
	32,385		Toshiba TEC Corp		1,371
	2,150,000		TPK Holding Co Ltd		2,990
	197,000		Transcend Information, Inc		472
	164,437	*	Trimble Inc		13,525
	416,574		Tripod Technology Corp		1,655
	518,530	*	TTM Technologies, Inc		6,518
	131,242	*,e	Turtle Beach Corp		3,651
	286,039		TXC Corp		1,067
	7,370	e	Ubiquiti, Inc		2,201
	30,088		Ubiquoss Holdings, Inc		443
	778,011		Unimicron Technology Corp		3,640
	164,611		Unisplendour Corp Ltd		633

167

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	483,500	*	Unitech Printed Circuit Board Corp	$	312
	65,398		Universal Scientific Industrial Shanghai Co Ltd		140
	273,000		Unizyx Holding Corp		244
	9,505		V Technology Co Ltd		379
	24,303	*,e	Velodyne Lidar, Inc		144
	169,500	e	Venture Corp Ltd		2,228
	24,000		VIA Labs, Inc		350
	79,704	*	Viasat, Inc		4,389
	197,665	*	Viavi Solutions, Inc		3,111
	36,086	*	Vidente Co Ltd		272
	242,251	e	Vishay Intertechnology, Inc		4,867
	63,952	*	Vishay Precision Group, Inc		2,224
	1,659,898		Vontier Corp		55,773
	2,803,228		VS Industry BHD		1,061
	1,415,042		VST Holdings Ltd		1,267
	199,685		Vtech Holdings Ltd		1,452
	180,300		Wacom Co Ltd		1,147
	171,018		Wah Lee Industrial Corp		496
	209,841		Walsin Technology Corp		1,137
	201,045	*	Western Digital Corp		11,347
	81,084		Wingtech Technology Co Ltd		1,169
	190,500	*,†,b	Wintek Corp		0	^
	18,436		WiSoL Co Ltd		169
	1,549,323		Wistron Corp		1,523
	299,372		Wistron NeWeb Corp		780
	80,049		Wiwynn Corp		2,479
	1,097,519		WPG Holdings Co Ltd		1,901
	390,783		WT Microelectronics Co Ltd		846
	110,415		Wuhan Guide Infrared Co Ltd		397
	239,374		Wuhu Token Science Co Ltd		273
	129,352		WUS Printed Circuit Kunshan Co Ltd		224
	37,813		Wuxi Lead Intelligent Equipment Co Ltd		404
	163,569		Xerox Holdings Corp		3,299
	9,489,600	*,g	Xiaomi Corp		26,063
	15,750	*,†	Ya Hsin Industrial Co Ltd		0
	237,979		Yageo Corp		3,730
	51,147		Yealink Network Technology Corp Ltd		643
	41,719		Yokogawa Electric Corp		728
	18,784		Yokowo Co Ltd		422
	61,003	*	Zebra Technologies Corp (Class A)		31,442
	30,227	*,e	Zepp Health Corp (ADR)		243
	180,618		Zhejiang Dahua Technology Co Ltd		659
	414,558		Zhen Ding Technology Holding Ltd		1,458
	30,423		Zhongji Innolight Co Ltd		163
	254,903		ZTE Corp		1,302
	500,999		ZTE Corp (Class H)		1,644
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		7,355,458
TELECOMMUNICATION SERVICES - 1.4%
	809,271		Advanced Info Service PCL (Foreign)		4,669
	1,176,913	g	Airtel Africa plc		1,581
	37,989,032		America Movil S.A.B. de C.V.		33,606
	71,159	*	Anterix, Inc		4,319
	30,100		ARTERIA Networks Corp		443
	1,743,929	*	Asia Pacific Telecom Co Ltd		510

168

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	11,355,570		AT&T, Inc	$	306,714
	13,141		ATN International, Inc		616
	1,817,106		Axiata Group Bhd		1,690
	793,720	*	Axtel SAB de C.V.		192
	79,031	*	Bandwidth Inc		7,135
	88,010		BCE, Inc		4,409
	2,517,472	*	Bezeq Israeli Telecommunication Corp Ltd		2,963
	2,738,283	*	Bharti Airtel Ltd		25,313
	9,000,709	*	BT Group plc		19,296
	128,986	*	Cellcom Israel Ltd		448
	1,124,471	g	Cellnex Telecom SAU		69,425
	26,000		Chief Telecom, Inc		252
	17,537,912	g	China Tower Corp Ltd		2,292
	556,616		Chorus Ltd		2,533
	2,539,653		Chunghwa Telecom Co Ltd		10,061
	3,347,641		Citic 1616 Holdings Ltd		1,139
	108,507		Cogent Communications Group, Inc		7,687
	214,153	*	Consolidated Communications Holdings, Inc		1,968
	3,621,523		Deutsche Telekom AG.		72,627
	2,189,244		Digi.Com BHD		2,318
	53,035		Drillisch AG.		1,667
	141,206		Elisa Oyj (Series A)		8,774
	1,942,609		Emirates Telecommunications Group Co PJSC		12,699
	209,803		Empresa Nacional de Telecomunicaciones S.A.		864
	437,885		Etihad Etisalat Co		3,643
	1,065,282		Far EasTone Telecommunications Co Ltd		2,349
	155,456		Freenet AG.		4,068
	100,485		Gamma Communications plc		2,464
	4,534,948	*,e	Globalstar, Inc		7,573
	18,837		Globe Telecom, Inc		1,102
	65,919	*,e	Gogo, Inc		1,140
	253,298		Hellenic Telecommunications Organization S.A.		4,755
	2,022,120		HKBN Ltd		2,387
	3,815,739		HKT Trust and HKT Ltd		5,217
	1,665,607		Hutchison Telecommunications Hong Kong Holdings Ltd		258
	11,005	*	IDT Corp (Class B)		462
	15,247	†	Iliad S.A.		3,209
	2,195,080	*	Indosat Tbk PT		1,019
	782,420		Indus Towers Ltd		3,234
	337,264	g	Infrastrutture Wireless Italiane S.p.A		3,756
	60,424		Internet Initiative Japan, Inc		2,087
	1,129,200		Intouch Holdings PCL (Class F)		2,682
	104,642	*	Iridium Communications, Inc		4,170
	3,657,185		Jasmine International PCL		308
	1,670,887		KDDI Corp		55,011
	3,654,092		Koninklijke KPN NV		11,499
	222,725	*,†,e	Let’s GOWEX S.A.		3
	145,591		LG Telecom Ltd		1,830
	43,714	*	Liberty Global plc (Class A)		1,303
	210,627	*	Liberty Latin America Ltd (Class A)		2,755
	286,055	*,e	Liberty Latin America Ltd (Class C)		3,753
	977,029		Link Net Tbk PT		274
	1,248,381		Lumen Technologies, Inc		15,467
	412,563		Magyar Telekom		563
	1,641,683		Maxis BHD		1,839

169

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	124,013	*,e	Millicom International Cellular S.A.	$	4,491
	2,545,508		Mobile Telecommunications Co KSC		5,047
	520,860	*	Mobile Telecommunications Co Saudi Arabia		1,944
	524,493		Mobile TeleSystems (ADR)		5,056
	15,712		Mobistar S.A.		353
	1,884,377	*	MTN Group Ltd		17,699
	3,852,066		NetLink NBN Trust		2,821
	1,091,610		Nippon Telegraph & Telephone Corp		30,248
	276,928		NOS SGPS S.A.		1,116
	15,100		Okinawa Cellular Telephone Co		738
	229,466	*	Ooma, Inc		4,270
	954,278		Ooredoo QSC		1,924
	2,139,569		Orange S. A.		23,139
	182,123	*	Partner Communications		844
	4,977,000		PCCW Ltd		2,554
	53,752		PLDT, Inc		1,770
	155,917		Proximus plc		3,094
	67,427	*,e	Radius Global Infrastructure, Inc		1,101
	401,802		Rogers Communications, Inc (Class B)		18,764
	121,080		Rostelecom (ADR)		903
	35,613		Rostelecom (ADR) (OTC US)		260
	27,153,533		Sarana Menara Nusantara Tbk PT		2,503
	665,346		Saudi Telecom Co		22,529
	43,479		Shenandoah Telecom Co		1,373
	7,806,296		Singapore Telecommunications Ltd		14,053
	56,965		Sistema PJSFC (GDR)		421
	211,771		Sistema PJSFC (GDR) (London)		1,558
	88,146		SK Telecom Co Ltd		23,942
	668,353	e	SK Telecom Co Ltd (ADR)		20,117
	91,011,000	*	Smartfren Telecom Tbk PT		706
	390,141		SmarTone Telecommunications Holding Ltd		221
	2,013,840		Softbank Corp		27,317
	1,196,148		Softbank Group Corp		69,120
	694,514		StarHub Ltd		622
	26,082		Swisscom AG.		15,010
	1,129,506		Taiwan Mobile Co Ltd		4,006
	113,050		Tata Communications Ltd		2,120
	503,581	e	Tele2 AB (B Shares)		7,456
	1,925,715		Telecom Corp of New Zealand Ltd		6,335
	443,166		Telecom Egypt		399
	6,142,936		Telecom Italia RSP		2,479
	9,994,725		Telecom Italia S.p.A.		3,908
	595,285		Telefonica Brasil S.A.		4,686
	1,023,589		Telefonica Deutschland Holding AG.		2,914
	5,565,572		Telefonica S.A.		26,117
	261,679		Telekom Austria AG.		2,261
	767,384		Telekom Malaysia BHD		1,044
	716,649	*	Telekomunikacja Polska S.A.		1,447
	710,502	e	Telenor ASA		11,959
	118,639		Telephone & Data Systems, Inc		2,313
	1,184,300	*,e	Telesites SAB de C.V.		1,027
	2,654,171		TeliaSonera AB		10,919
	126,540,901		Telkom Indonesia Persero Tbk PT		32,403
	305,375	*	Telkom S.A. Ltd		895
	4,450,928		Telstra Corp Ltd		12,472

170

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	509,103	e	TELUS Corp	$	11,190
	966,249		TIM S.A.		2,085
	1,072,481		Time dotCom BHD		1,166
	2,180,200	*	T-Mobile US, Inc		278,542
	8,894,100		Tower Bersama Infrastructure		1,833
	152,056	e	TPG Telecom Ltd		765
	5,071,762		True Corp PCL (Foreign)		628
	1,397,265		Turkcell Iletisim Hizmet AS		2,397
	93,741		United Internet AG.		3,626
	680,665	*	Uniti Group Ltd		1,876
	17,806	*	US Cellular Corp		568
	19,200		Usen-Next Holdings Co Ltd		600
	24,500	e	V-Cube, Inc		344
	4,009,912		Verizon Communications, Inc		216,575
	2,212,142	*,e	Vision, Inc		30,991
	710,139		Vodacom Group Pty Ltd		6,793
	27,904,715		Vodafone Group plc		42,462
	229,800	e	Vodafone Group plc (ADR)		3,550
	9,284,195	*	Vodafone Idea Ltd		1,481
	1,635,912		Vodafone Qatar		736
	3,988,700		XL Axiata Tbk PT		841
			TOTAL TELECOMMUNICATION SERVICES		1,832,227
TRANSPORTATION - 1.9%
	52,528	†,e	Abertis Infraestructuras S.A. (Continuous)		183
	581,327		Adani Ports & Special Economic Zone Ltd		5,756
	41,546	*	Aegean Airlines S.A.		247
	75,491	*,g	Aena S.A.		13,056
	225,533	*,g	Aeroflot PJSC (GDR)		1,045
	29,523	*,e	Aeroports de Paris		3,760
	1,406,865		Agility Public Warehousing Co KSC		4,583
	2,318,017	*	Air Arabia PJSC		855
	199,969	*,e	Air Canada		3,652
	346,229	*	Air China Ltd		397
	835,910	*	Air China Ltd (H shares)		551
	353,619	*,e	Air France-KLM		1,726
	750,384	*,e	Air New Zealand Ltd		842
	70,088	*	Air Transport Services Group, Inc		1,809
	1,645,800	*	AirAsia BHD		413
	3,920,788		Airports of Thailand PCL (Foreign)		7,026
	197,659	*	Alaska Air Group, Inc		11,583
	159,265	g	ALD S.A.		2,170
	124,975	*	All Nippon Airways Co Ltd		3,249
	5,691	*	Allegiant Travel Co		1,112
	10,591		Amerco, Inc		6,842
	759,666	*	American Airlines Group, Inc		15,588
	424,000		Anhui Expressway Co		259
	4,393		AP Moller - Maersk AS (Class A)		11,321
	7,098		AP Moller - Maersk AS (Class B)		19,215
	756,887		Aramex PJSC		722
	29,369	e	ArcBest Corp		2,401
	3,923,700	*	Asia Aviation PCL		312
	37,498	*	Asiana Airlines		834
	34,131	*	Atlas Air Worldwide Holdings, Inc		2,788
	1,162,440		Atlas Arteria Ltd		5,360

171

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	199,679	e	Atlas Corp	$	3,033
	722,619	*	Auckland International Airport Ltd		3,884
	1,896,933		Aurizon Holdings Ltd		5,136
	500,022	*	Autostrade S.p.A.		9,436
	57,353	*	Avis Budget Group, Inc		6,682
	275,375	*	Azul S.A.		1,841
	501,700	*	Bangkok Airways Co Ltd		165
	155,800	*	Bangkok Aviation Fuel Services PCL		133
	6,589,862		Bangkok Expressway & Metro PCL		1,700
	2,110,810	*	Beijing Capital International Airport Co Ltd		1,237
	1,825,679		Beijing-Shanghai High Speed Railway Co Ltd		1,342
	207,300	*,e	BEST, Inc (ADR)		346
	4,980		Blue Dart Express Ltd		436
	131,058	*	bpost S.A.		1,156
	6,959,837		BTS Group Holdings PCL		1,929
	966,337	e	Canadian National Railway Co		111,984
	757,905	e	Canadian Pacific Railway Ltd (Toronto)		49,492
	51,093		Cargojet, Inc		8,165
	73,960	*,e	Cathay Pacific Airways Ltd		62
	200,360	*	Cebu Air, Inc		153
	171,189		Central Japan Railway Co		27,326
	148,634		CH Robinson Worldwide, Inc		12,931
	2,528,000	*	China Airlines		1,547
	195,400	*	China Eastern Airlines Corp Ltd		142
	1,004,667		China Merchants Holdings International Co Ltd		1,718
	676,447	*,e	China Southern Airlines Co Ltd		380
	351,459	*	China Southern Airlines Co Ltd (Class A)		313
	106,419	*,e	Chorus Aviation, Inc		316
	1,372,072		Cia de Concessoes Rodoviarias		2,948
	98,697		Cia de Distribucion Integral Logista Holdings SAU		2,082
	326,787		Cia de Locacao das Americas		1,458
	2,684,700		ComfortDelgro Corp Ltd		2,968
	17,770,202		Compania SudAmericana de Vapores S.A.		1,250
	278,376		Container Corp Of India Ltd		2,628
	847,075	*,e	Controladora Vuela Cia de Aviacion SAB de C.V.		1,857
	34,406	*	Copa Holdings S.A. (Class A)		2,800
	1,299,600	*,e	Cosco Corp Singapore Ltd		266
	479,120		Cosco International Holdings Ltd		153
	1,375,536		COSCO Pacific Ltd		1,188
	2,293,809	*,e	COSCO SHIPPING Holdings Co Ltd		3,481
	846,215	*	COSCO SHIPPING Holdings Co Ltd		2,236
	432,736		Costamare, Inc		6,703
	15,717	*	Covenant Transportation Group, Inc		435
	3,607,792		CSX Corp		107,296
	148,290	e	CTT-Correios de Portugal S.A.		799
	28,329		D/S Norden		722
	17,445	*,e	Daseke, Inc		161
	24,820		Dassault Aviation S.A.		2,790
	1,400,289	*	Delta Air Lines, Inc		59,666
	336,146	*,e	Deutsche Lufthansa AG.		2,293
	1,500,444		Deutsche Post AG.		94,092
	41,924	*	Dfds A.S.		2,228
	353,676	*,e	DiDi Global, Inc (ADR)		2,755
	525,546		DSV AS		125,797
	10,182	*,e	Eagle Bulk Shipping, Inc		513

172

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	355,238		East Japan Railway Co	$	25,106
	433,080	*,e	easyJet plc		3,824
	93,870	*	Echo Global Logistics, Inc		4,479
	341,135	*	EcoRodovias Infraestrutura e Logistica S.A.		563
	328,153	*,g	Enav S.p.A		1,532
	2,291,000	*	Eva Airways Corp		1,540
	2,916,000		Evergreen International Storage & Transport Corp		3,223
	1,924,532		Evergreen Marine Corp Tawain Ltd		8,550
	21,249		Exchange Income Corp		744
	192,187		Expeditors International of Washington, Inc		22,895
	284,353		FedEx Corp		62,356
	613,736	*,e	Finnair Oyj		482
	2,266,901	*	Firstgroup plc		2,717
	24,289	*	Flughafen Zuerich AG.		4,327
	73,910		Forward Air Corp		6,136
	44,907	*	Fraport AG. Frankfurt Airport Services Worldwide		3,109
	13,447	*	Frontier Group Holdings, Inc		212
	35,160		Fukuyama Transporting Co Ltd		1,535
	73,773	e	Genco Shipping & Trading Ltd		1,485
	437,265		Getlink S.E.		6,831
	119,842		Globaltrans Investment plc (GDR)		962
	1,822,725	*	GMR Infrastructure Ltd		939
	59,071	*	Go-Ahead Group plc		642
	195,753	*	Gol Linhas Aereas Inteligentes S.A.		744
	162,304		Golden Ocean Group Ltd		1,698
	286,820	*	Grupo Aeroportuario del Centro Norte Sab de C.V.		1,682
	414,349	e	Grupo Aeroportuario del Pacifico S.A. de C.V. (B Shares)		4,817
	233,913	e	Grupo Aeroportuario del Sureste S.A. de C.V. (Class B)		4,372
	282,800	*,e,g	Grupo Traxion SAB de C.V.		473
	274,004		Gujarat Pipavav Port Ltd		406
	300,186		Gulf Warehousing Co		417
	137,981	*	GXO Logistics, Inc		10,823
	191,000	*	Hainan Meilan International Airport Co Ltd		801
	17,000		Hamakyorex Co Ltd		510
	35,878		Hamburger Hafen und Logistik AG.		806
	8,644		Hanjin Transportation Co Ltd		270
	196,211		Hankyu Hanshin Holdings, Inc		6,175
	58,011	*	Hawaiian Holdings, Inc		1,257
	258,247	e	Heartland Express, Inc		4,137
	369,400	*	Hidrovias do Brasil S.A.		258
	39,625		Hitachi Transport System Ltd		1,760
	221,895	*	Hub Group, Inc (Class A)		15,255
	10,804,551		Hutchison Port Holdings Trust		2,578
	8,612	*,e	HyreCar, Inc		73
	21,077		Hyundai Glovis Co Ltd		2,919
	170,062	*,e	Hyundai Merchant Marine Co Ltd		4,797
	3,368	*	ID Logistics Group		1,079
	87,338		Iino Kaiun Kaisha Ltd		406
	171,256		Imperial Holdings Ltd		703
	105,202	*,g	InterGlobe Aviation Ltd		2,859
	1,177,769		International Container Term Services, Inc		4,502
	117,337	*	Japan Airlines Co Ltd		2,793
	71,600	*	Japan Airport Terminal Co Ltd		3,514
	2,115,400	*	Jasa Marga Tbk PT		571
	13,213		JB Hunt Transport Services, Inc		2,209

173

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	19,615	*	Jeju Air Co Ltd	$	379
	193,544	*	JET2 plc		3,354
	400,694	*	JetBlue Airways Corp		6,127
	908,915		Jiangsu Express		918
	21,859	*	Jin Air Co Ltd		429
	127,700		Kamigumi Co Ltd		2,676
	10,903		Kansas City Southern		2,951
	57,388	*	Kawasaki Kisen Kaisha Ltd		3,098
	270,900		Keihin Electric Express Railway Co Ltd		3,375
	86,193		Keio Corp		4,610
	98,702		Keisei Electric Railway Co Ltd		3,270
	472,009	e	Kerry Logistics Network Ltd		1,008
	162,725	*	Kintetsu Corp		5,472
	95,500		Kintetsu World Express, Inc		2,419
	68,178	*	Kirby Corp		3,270
	442,324		Knight-Swift Transportation Holdings, Inc		22,625
	25,868		Konoike Transport Co Ltd		295
	10,091	*	Korea Express Co Ltd		1,298
	152,935	*	Korea Line Corp		371
	114,288	*	Korean Air Lines Co Ltd		3,218
	64,524		Kuehne & Nagel International AG.		22,029
	162,700		Kyushu Railway Co		3,915
	4,574		Landstar System, Inc		722
	1,138,917		Localiza Rent A Car		11,392
	386,143	*	Lyft, Inc (Class A)		20,693
	1,706		Macquarie Infrastructure Co LLC		69
	635,545	g	Mahindra Logistics Ltd		6,247
	1,241,554	*	Malaysia Airports Holdings BHD		2,042
	216,305		Marten Transport Ltd		3,394
	51,550	e	Maruwa Unyu Kikan Co Ltd		741
	30,630		Maruzen Showa Unyu Co Ltd		981
	51,097		Matson, Inc		4,124
	41,095	*	Mesa Air Group, Inc		315
	1,662,540		MISC BHD		2,732
	64,028		Mitsubishi Logistics Corp		1,900
	132,000	e	Mitsui OSK Lines Ltd		8,858
	47,114		Mitsui-Soko Co Ltd		1,063
	757,500		MMC Corp BHD		353
	128,352		Movida Participacoes S.A.		404
	1,553,863		MTR Corp		8,363
	127,969		Mullen Group Ltd		1,301
	226,500	*	Nagoya Railroad Co Ltd		4,171
	119,527		Nankai Electric Railway Co Ltd		2,570
	658,066	*	National Express Group plc		2,139
	71,526		Nippon Express Co Ltd		4,926
	108,949		Nippon Konpo Unyu Soko Co Ltd		2,242
	104,066		Nippon Yusen Kabushiki Kaisha		7,797
	71,700		Nishi-Nippon Railroad Co Ltd		1,815
	262,379	g	Nobina AB		2,352
	20,754		Norfolk Southern Corp		4,965
	63,819		Novorossiysk Commercial Sea Port PJSC (GDR)		574
	8,000	*	NTG Nordic Transport Group A.S.		621
	248,894		Odakyu Electric Railway Co Ltd		5,761
	41,813	e	Oesterreichische Post AG.		1,773
	117,460		Old Dominion Freight Line		33,591

174

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	5,632,290		Pacific Basin Shipping Ltd	$	2,607
	2,207	*	PAM Transportation Services, Inc		99
	192,423		Pan Ocean Co Ltd		1,208
	36,438	*	Pegasus Hava Tasimaciligi AS.		319
	7,454		Piraeus Port Authority		162
	667,900		Precious Shipping PCL		393
	256,512		Promotora y Operadora de Infraestructura SAB de C.V.		1,778
	981,947	*	Qantas Airways Ltd		3,960
	564,422		Qatar Navigation QSC		1,141
	2,209,144		Qube Logistics Holdings Ltd		5,170
	202,292	*	Radiant Logistics, Inc		1,293
	281,683		Redde Northgate plc		1,526
	282,800		Regional Container Lines PCL		387
	972,303		Royal Mail plc		5,499
	1,414,446	*	Rumo S.A.		4,361
	30,301	e	Ryder System, Inc		2,506
	70,221	*	Safe Bulkers, Inc		363
	89,497		Sagami Railway Co Ltd		1,778
	56,745	*	Saia, Inc		13,507
	96	*,†	SAir Group		0
	14,670		Sakai Moving Service Co Ltd		637
	67,250		Sankyu, Inc		3,093
	452,504	*	Santos Brasil Participacoes S.A.		659
	3,899,337	*,e	SAS AB		855
	91,560	*	Saudi Ground Services Co		892
	40,816		Saudi Industrial Services Co		466
	63,997	*	Saudi Public Transport Co		454
	57,504		SBS Holdings, Inc		2,164
	184,138		Schneider National, Inc		4,187
	274,800	*	Seibu Holdings, Inc		3,469
	153,506		Seino Holdings Corp		1,860
	132,896		Senko Co Ltd		1,216
	68,900	*	Sequoia Logistica e Transportes S.A.		196
	180,939		SF Holding Co Ltd		1,824
	243,890		SG Holdings Co Ltd		6,900
	78,196	*	Shanghai International Airport Co Ltd		532
	530,760		Shanghai International Port Group Co Ltd		499
	155,644		Shanghai Jinjiang International Investment Holdings Co		103
	915,902		Shenzhen International Holdings Ltd		1,181
	5,327		Shenzhen Investment Holdings Bay Area Development Co Ltd		2
	24,400		Shinwa Kaiun Kaisha Ltd		892
	406,500	*	SIA Engineering Co Ltd		627
	918,000		Sichuan Expressway Co Ltd		215
	278,888		SIMPAR S.A.		700
	305,720		Sincere Navigation		433
	1,327,950	*	Singapore Airlines Ltd		4,890
	833,400	*	Singapore Airport Terminal Services Ltd		2,533
	1,601,019		Singapore Post Ltd		745
	108,347		Sinotrans Ltd (Class A)		91
	2,162,000		SITC International Co Ltd		7,693
	16,736	*	Sixt AG.		2,550
	20,214		Sixt AG. (Preference)		1,795
	59,213	*	Skywest, Inc		2,922
	667,977	*	Southwest Airlines Co		34,354
	254,564	*	SpiceJet Ltd		257

175

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	116,349	*,e	Spirit Airlines, Inc	$	3,018
	18,934	*	Spring Airlines Co Ltd		159
	464,363	*	Stagecoach Group plc		528
	19,814		Stolt-Nielsen S.A.		277
	63,083		Sumitomo Warehouse Co Ltd		1,030
	6,332	*	Sun Country Airlines Holdings, Inc		212
	1,223,384	*	Sydney Airport		7,185
	199,000		T.Join Transportation Co		330
	2,201,501		Taiwan High Speed Rail Corp		2,335
	183,660	*	TAV Havalimanlari Holding AS		537
	103,611		TFI International, Inc		10,600
	1,634,000		Tianjin Port Development Holdings Ltd		136
	571,566		TNT NV		2,758
	149,543		Tobu Railway Co Ltd		4,027
	428,918		Tokyu Corp		6,367
	6,015		Tonami Holdings Co Ltd		271
	5,648,600	*,†	Trada Alam Minera Tbk PT		0	^
	7,807		Trancom Co Ltd		571
	1,015,100	*	Transcoal Pacific Tbk PT		677
	2,576,892		Transurban Group		25,971
	280,987	*	Transurban Group		2,832
	540,484	*	Turk Hava Yollari		853
	41,383	*,e	TuSimple Holdings, Inc		1,537
	3,084,413	*	Uber Technologies, Inc		138,182
	413,000		U-Ming Marine Transport Corp		1,012
	2,744,268		Union Pacific Corp		537,904
	364,596	*	United Airlines Holdings Inc		17,344
	433,439		United International Transportation Co		5,715
	1,191,882		United Parcel Service, Inc (Class B)		217,042
	17,393		Universal Logistics Holdings Inc		349
	31,091	*	US Xpress Enterprises, Inc		268
	2,412,552	*	Vamos Locacao de Caminhoes Maquinas e Equipamentos S.A.		6,623
	67,336	*,†	Virgin Australia Int Holdings		0
	151,135	*	Wallenius Wilhelmsen ASA		566
	406,000		Wan Hai Lines Ltd		2,935
	87,454		Werner Enterprises, Inc		3,872
	177,923		West Japan Railway Co		8,944
	1,076,494		Westports Holdings BHD		1,157
	50,267	e	Westshore Terminals Investment Corp		970
	404,042		Wisdom Marine Lines Co Ltd		1,168
	166,111	*	XPO Logistics, Inc		13,219
	299,021		Yamato Transport Co Ltd		7,568
	1,050,000	*	Yang Ming Marine Transport		4,423
	60,334	*	Yellow Corp		341
	150,459		YTO Express Group Co Ltd		324
	1,024,000		Yuexiu Transport Infrastructure Ltd		681
	162,815		Yunda Holding Co Ltd		484
	1,078,968		Zhejiang Expressway Co Ltd		890
	291,083		ZTO Express Cayman, Inc (ADR)		8,925
			TOTAL TRANSPORTATION		2,505,218
UTILITIES - 2.1%
	1,909,821		A2A S.p.A.		3,913
	1,735,400		Absolute Clean Energy PCL		186
	6,444,300		AC Energy Corp		1,425

176

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	30,100	e	Acciona S.A.	$	5,004
	60,704		ACEA S.p.A.		1,297
	140,692	e	Actelios S.p.A.		1,094
	306,595		Adani Gas Ltd		5,878
	388,147	*	Adani Green Energy Ltd		5,988
	1,014,364	*	Adani Power Ltd		1,319
	259,700	*	Adani Transmissions Ltd		5,427
	3,538,487		AES Andes S.A.		416
	167,176		AES Brasil Energia S.A.		377
	435,778		AES Corp		9,949
	348,364	*,†	AET&D Holdings No 1 Ptd Ltd		0
	701,832		AGL Energy Ltd		2,898
	2,913,677		Aguas Andinas S.A.		586
	155,355	*,e	Aker Horizons Holding ASA		586
	164,105	*	Aksa Enerji Uretim AS		251
	693,042	e	Algonquin Power & Utilities Corp		10,161
	105,411		Allete, Inc		6,274
	2,475,307		Alliant Energy Corp		138,568
	316,989	e	AltaGas Ltd		6,254
	147,497		Alupar Investimento S.A.		658
	2,485,991		Ameren Corp		201,365
	2,775,934		American Electric Power Co, Inc		225,350
	31,283		American States Water Co		2,675
	15,293		American Water Works Co, Inc		2,585
	1,264,554		APA Group		7,877
	10,521		Artesian Resources Corp		402
	72,071		Ascopiave S.p.A.		289
	87,022		Atco Ltd		2,791
	41,628		Athens Water Supply & Sewage Co S.A.		351
	10,618		Atmos Energy Corp		936
	1,912,778		AusNet Services		3,462
	2,668	e	Avangrid, Inc		130
	87,265		Avista Corp		3,414
	178,208	*,e	Azure Power Global Ltd		3,921
	632,830		B Grimm Power PCL		764
	603,600		Banpu Power PCL		314
	600,000		BCPG PCL		242
	10,738,000	*	Beijing Energy International Holding Co Ltd		421
	354,179		Beijing Enterprises Holdings Ltd		1,414
	3,358,586		Beijing Enterprises Water Group Ltd		1,315
	4,776,000	*,†	Beijing Gas Blue Sky Holdings Ltd		6
	1,424,000		Beijing Jingneng Clean Energy Co Ltd		492
	26,102		BKW S.A.		2,818
	258,017		Black Hills Corp		16,193
	106,635		Boralex, Inc		3,149
	46,710	e	Brookfield Infrastructure Corp		2,800
	49,846	e	Brookfield Infrastructure Corp		2,985
	641,078		Brookfield Renewable Corp		24,880
	146,792	e	Brookfield Renewable Corp		5,702
	153,500	*,e	Cadiz, Inc		1,081
	64,624		California Water Service Group		3,808
	144,820		Canadian Utilities Ltd		3,902
	481,000		Canvest Environment Protection Group Co Ltd		266
	130,983		Capital Power Corp		4,417
	113,989	e	Capital Stage AG.		1,986

177

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	6,594,583	e	Centerpoint Energy, Inc	$	162,227
	360,849		Centrais Eletricas Brasileiras S.A.		2,552
	293,539		Centrais Eletricas Brasileiras S.A. (Preference)		2,087
	12,628,654	*	Centrica plc		9,590
	598,477		CESC Ltd		736
	192,463		CEZ AS		6,268
	1,008,000	e	CGN New Energy Holdings Co Ltd		1,061
	3,613,000	g	CGN Power Co Ltd		1,097
	33,408		Chesapeake Utilities Corp		4,011
	2,226,631	e	China Datang Corp Renewable Power Co Ltd		992
	602,000	e,g	China Everbright Greentech Ltd		235
	785,513	e	China Everbright Water Ltd		174
	2,082,965		China Gas Holdings Ltd		6,152
	2,260,044		China Longyuan Power Group Corp		5,546
	562,900	*	China National Nuclear Power Co Ltd		626
	2,658,847		China Power International Development Ltd		1,411
	639,312		China Resources Gas Group Ltd		3,359
	1,316,373		China Resources Power Holdings Co		3,781
	259,000	*,e	China Tian Lun Gas Holdings Ltd		230
	45,500		China Tian Lun Gas Holdings Ltd		41
	796,254		China Water Affairs Group Ltd		890
	536,101		China Yangtze Power Co Ltd		1,821
	588,746		Chubu Electric Power Co, Inc		6,958
	351,800		Chugoku Electric Power Co, Inc		3,209
	394,901		Cia de Saneamento Basico do Estado de Sao Paulo		2,797
	1,168,700		Cia de Saneamento de Minas Gerais-COPASA		2,962
	159,049		Cia de Saneamento do Parana		560
	273,091		Cia de Saneamento do Parana (Preference)		193
	1,223,520		Cia Energetica de Minas Gerais		3,152
	220,721		Cia Energetica de Sao Paulo (Class B)		957
	15,756		Cia Energetica do Ceara		167
	693,730		Cia Paranaense de Energia		927
	700,723		CK Infrastructure Holdings Ltd		3,908
	1,535,280		CK Power PCL		243
	215,542		Clearway Energy, Inc (Class A)		6,078
	319,637		Clearway Energy, Inc (Class C)		9,675
	1,788,817		CLP Holdings Ltd		17,223
	189,423		CMS Energy Corp		11,314
	9,862,143		Colbun S.A.		1,598
	5,190,000		Concord New Energy Group Ltd		648
	28,884		Consolidated Edison, Inc		2,097
	942,850		Contact Energy Ltd		5,472
	363,640	g	ContourGlobal plc		919
	279,728		CPFL Energia S.A.		1,383
	1,320,000	*,†,e	CT Environmental Group Ltd		2
	108,508		Dominion Energy, Inc		7,923
	61,785	*	Doral Group Renewable Energy Resources Ltd		225
	482,117		Drax Group plc		3,130
	15,934		DTE Energy Co		1,780
	177,034		Duke Energy Corp		17,277
	2,428,714		E.ON AG.		29,644
	527,000		Eastern Water Resources Development and Management PCL		153
	81,803		Edison International		4,538
	297,345		EDP - Energias do Brasil S.A.		1,002
	287,884		EDP Renovaveis S.A.		7,143

178

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	178,800		Electric Power Development Co	$	2,563
	594,923		Electricite de France		7,476
	267,517		Electricity Generating PCL		1,369
	30,665	e	Elia System Operator S.A.		3,664
	286,526		Emera, Inc		12,976
	53,929		Enagas		1,199
	185,831		Endesa S.A.		3,748
	552,406	*	Enea S.A.		1,284
	34,023,902		Enel Chile S.A.		1,614
	12,434,880		Enel S.p.A.		95,440
	4,997,451		Energias de Portugal S.A.		26,252
	213,433		Energisa S.A.		1,721
	264,547		Energix-Renewable Energies Ltd		1,116
	1,403,244		Energy Absolute PCL (Foreign)		2,525
	233,160	g	Enerjisa Enerji AS.		273
	25,272,021		Enersis S.A.		2,986
	688,144	*	Eneva S.A.		2,081
	235,248		Engie Brasil Energia S.A.		1,618
	442,433		Engie Energia Chile S.A.		296
	2,235,347		Engie S.A.		29,245
	1,134,616	*	Enlight Renewable Energy Ltd		2,454
	529,735		ENN Energy Holdings Ltd		8,737
	148,100		ENN Natural Gas Co Ltd		417
	563,387		Entergy Corp		55,950
	987,153		Equatorial Energia S.A.		4,595
	32,343		eRex Co Ltd		718
	71,355		ERG S.p.A.		2,118
	90,282		Essential Utilities Inc		4,160
	486,597		Evergy, Inc		30,266
	31,896		Eversource Energy		2,608
	56,476		EVN AG.		1,501
	2,828,921		Exelon Corp		136,750
	5,629	*,e	Fastned BV (ADR)		356
	656,054		Federal Grid Co Unified Energy System PJSC (GDR)		951
	109,457	e	Fersa Energias Renovables S.A.		191
	552,822		First Gen Corp		368
	764,320		FirstEnergy Corp		27,225
	102,023	g	Fjordkraft Holding ASA		565
	532,784		Fortis, Inc		23,636
	276,946		Fortum Oyj		8,410
	1,827,002		GAIL India Ltd		3,892
	24,142,000	*,e	GCL New Energy Holdings Ltd		923
	640,951		Genesis Energy Ltd		1,458
	664,857		Global Power Synergy Co Ltd (Foreign)		1,476
	5,431		Global Water Resources, Inc		102
	14,109	*,e	Grenergy Renovables S.A.		501
	2,061,210		Guangdong Investments Ltd		2,690
	171,994		Gujarat Gas Ltd		1,471
	281,653		Gujarat State Petronet Ltd		1,194
	2,703,427		Gulf Energy Development PCL		3,300
	3,189,719		Gunkul Engineering PCL		456
	11,539	e	Hawaiian Electric Industries, Inc		471
	1,068,348		Hera S.p.A.		4,356
	2,724,000		HK Electric Investments & HK Electric Investments Ltd		2,705
	225,893		Hokkaido Electric Power Co, Inc		1,076

179

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	208,877		Hokuriku Electric Power Co	$	1,126
	115,659		Holding CO ADMIE IPTO S.A.		316
	14,207,979		Hong Kong & China Gas Ltd		21,467
	1,496,438		Hong Kong Electric Holdings Ltd		8,772
	425,919		Huadian Power International Corp Ltd (Class A)		312
	406,266		Huaneng Power International, Inc		518
	2,600,751	e	Huaneng Power International, Inc (Hong Kong)		1,395
	955,948		Hub Power Co Ltd		413
	371,717	g	Hydro One Ltd		8,787
	7,602,746		Iberdrola S.A.		76,487
	5,564		Idacorp, Inc		575
	322,474		Indraprastha Gas Ltd		2,309
	879,354		Infratil Ltd		4,830
	149,594	e	Innergex Renewable Energy, Inc		2,398
	1,027,900	*,†	Inter Far East Energy Corp		0	^
	498,138		Interconexion Electrica S.A.		2,970
	425,898		Inversiones Aguas Metropolitanas S.A.		222
	810,758		Iride S.p.A.		2,403
	592,968		Italgas S.p.A		3,792
	206,000		Jiangsu Eastern Shenghong Co Ltd		889
	515,231		JSW Energy Ltd		2,707
	802,728		Kansai Electric Power Co, Inc		7,779
	31,573		Kenon Holdings Ltd		1,302
	4,328,793		Keppel Infrastructure Trust		1,738
	176,761		Korea Electric Power Corp		3,499
	1,021,800		Kyushu Electric Power Co, Inc		7,762
	338,100		Light S.A.		815
	56,240		Mahanagar Gas Ltd		816
	1,656,600		Malakoff Corp BHD		322
	274,302		Manila Electric Co		1,598
	1,022,600	*	Manila Water Co, Inc		372
	374,810	e	MDU Resources Group, Inc		11,121
	535,300		Mega First Corp BHD		470
	704,774		Mercury NZ Ltd		3,152
	1,284,282		Meridian Energy Ltd		4,343
	44,150		MGE Energy, Inc		3,245
	16,770		Middlesex Water Co		1,724
	258,865		Mosenergo PJSC (ADR)		404
	25,240		National Fuel Gas Co		1,326
	36,904		National Gas & Industrialization Co		581
	3,424,596		National Grid plc		40,807
	264,035	e	Naturgy Energy Group S.A.		6,646
	45,074	*,e,g	Neoen S.A.		1,816
	122,796	e	New Jersey Resources Corp		4,275
	3,815,881		NextEra Energy, Inc		299,623
	127,287		Nippon Gas Co Ltd		1,748
	51,412		NiSource, Inc		1,246
	253,799	e	Northland Power Income Fund		7,975
	70,533		Northwest Natural Holding Co		3,244
	65,010		NorthWestern Corp		3,725
	256,827		NRG Energy, Inc		10,486
	5,520,168		NTPC Ltd		10,514
	142,318	e	OGE Energy Corp		4,691
	53,101		Okinawa Electric Power Co, Inc		684
	121,839	*	Omega Geracao S.A.		718

180

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	97,697	e	ONE Gas, Inc	$	6,191
	115,857	*	OPC Energy Ltd		1,056
	1,776,072		Origin Energy Ltd		5,959
	119,828	e	Ormat Technologies, Inc		7,982
	211,710	g	Orsted AS		27,906
	302,134		Osaka Gas Co Ltd		5,521
	118,590		Otter Tail Corp		6,637
	40,583	*,e	Pampa Energia S.A. (ADR)		709
	365,975		Pennon Group plc		5,579
	983,578		Petronas Gas BHD		3,952
	1,608,363	*,b	PG&E Corp		15,440
	972,279	*	PGE Polska Grupa Energetyczna S.A.		2,173
	14,580		Pinnacle West Capital Corp		1,055
	108,673	e	PNM Resources, Inc		5,377
	114,328		Portland General Electric Co		5,372
	3,588,469		Power Grid Corp of India Ltd		9,150
	64,998		PPL Corp		1,812
	10,846,700	*	PT Perusahaan Gas Negara Persero Tbk		895
	293,813	*	Public Power Corp		2,773
	42,242		Public Service Enterprise Group, Inc		2,573
	35,173	*	Pure Cycle Corp		468
	522,706		Qatar Electricity & Water Co		2,430
	353,127		Ratch Group PCL		471
	121,199		Red Electrica Corp S.A.		2,432
	485,835		Redes Energeticas Nacionais S.A.		1,436
	43,700	*	RENOVA, Inc		1,793
	111,175		Rubis S.C.A		3,849
	2,182,549		RWE AG.		76,975
	24,500		Saibu Gas Co Ltd		542
	6,592		Sam Kwang Glass Ind Co Ltd		292
	953,111		Saudi Electricity Co		6,812
	144,098	g	Scatec Solar ASA		2,678
	1,026,808		Scottish & Southern Energy plc		21,620
	422,012		SDIC Power Holdings Co Ltd		786
	36,738		Sechilienne-Sidec		1,442
	1,210,878		SembCorp Industries Ltd		1,621
	352,106		Sempra Energy		44,541
	51,240		Severn Trent plc		1,794
	564,625		Shamal Az-Zour Al-Oula for the First Phase of Az-Zour Power Plant KSC		444
	271,900		Shenergy Co Ltd		332
	164,288		Shenzhen Energy Group Co Ltd		239
	247,342		Shikoku Electric Power Co, Inc		1,714
	60,010		Shizuoka Gas Co Ltd		724
	182,300		Sichuan Chuantou Energy Co Ltd		405
	34,839		SJW Corp		2,301
	401,705		Snam Rete Gas S.p.A.		2,222
	90,084	*	Solaria Energia y Medio Ambiente S.A.		1,423
	19,100	*	Solarpack Corp Tecnologica S.A.		582
	128,000	*,†	Sound Global Ltd		0	^
	329,906	e	South Jersey Industries, Inc		7,014
	87,248		Southern Co		5,407
	72,620		Southwest Gas Holdings Inc		4,857
	2,129,369		Spark Infrastructure Group		4,301
	330,700		SPCG PCL		169
	158,525		Spire, Inc		9,699

181

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	VALUE (000)
	515,930		Suez Environnement S.A.	$	11,764
	204,050	*	Sunnova Energy International, Inc		6,721
	13,944,256		Super Energy Corp PCL (Foreign)		382
	193,693	e	Superior Plus Corp		2,069
	381,450		Taiwan Cogeneration Corp		529
	2,979,414		Tata Power Co Ltd		6,333
	1,060,546	*	Tauron Polska Energia S.A.		891
	71,375		Telecom Plus plc		1,169
	2,636,404		Tenaga Nasional BHD		6,084
	45,435		Terna Energy S.A.		604
	1,361,483		Terna Rete Elettrica Nazionale S.p.A.		9,662
	50,659		Toho Gas Co Ltd		2,203
	315,280		Tohoku Electric Power Co, Inc		2,318
	1,300,993	*	Tokyo Electric Power Co, Inc		3,704
	449,842		Tokyo Gas Co Ltd		8,370
	185,662		Torrent Power Ltd		1,259
	991,000		Towngas China Co Ltd		618
	2,058,139		TPI Polene Power PCL		258
	325,218		TransAlta Corp		3,436
	130,516	e	TransAlta Renewables, Inc		1,957
	208,306		Transmissora Alianca de Energia Eletrica S.A.		1,371
	1,198,678		TTW PCL		418
	22,708		UGI Corp		968
	173,479		Uniper SE		7,222
	134,845		United Utilities Group plc		1,755
	17,548		Unitil Corp		751
	611,219		Veolia Environnement		18,676
	73,394		Verbund AG.		7,423
	21,297	e	Via Renewables, Inc		217
	502,948		Vistra Energy Corp		8,600
	28,711	*	Voltalia S.A.		702
	277,725		WEC Energy Group, Inc		24,495
	27,930		West Holdings Corp		1,229
	892,500		WHA Utilities and Power PCL		111
	1,978,500		Xcel Energy, Inc		123,656
	8,606		York Water Co		376
	3,810,400		YTL Corp BHD		555
	1,863,500		YTL Power International BHD		296
	1	*	Zorlu Enerji Elektrik Uretim AS		0
			TOTAL UTILITIES		2,844,983
			TOTAL COMMON STOCKS		133,051,724
			(Cost $107,304,240)
PURCHASED OPTIONS - 0.0%
MEDIA & ENTERTAINMENT - 0.0%
	25,000		Sea Ltd		851
			TOTAL MEDIA & ENTERTAINMENT		851
			TOTAL PURCHASED OPTIONS		851
			(Cost $836)

182

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY		VALUE (000)
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)
				Expiration Date
RIGHTS / WARRANTS - 0.0%
AUTOMOBILES & COMPONENTS - 0.0%
	3,721		Lucid Group, Inc	07/23/2026		42
			TOTAL AUTOMOBILES & COMPONENTS			42
BANKS - 0.0%
	953,029,871		Itau CorpBanca Chile S.A.	11/02/2021		222
			TOTAL BANKS			222
CAPITAL GOODS - 0.0%
	650		Hyundai Engineering & Construction Co Ltd	10/22/2021		44
	84,154		Samsung Heavy Industries Co Ltd	10/25/2021		74
	26,206	†,e	Webuild S.p.A	08/02/2030		26
			TOTAL CAPITAL GOODS			144
COMMERCIAL & PROFESSIONAL SERVICES - 0.0%
	233,500		Frontken Corp Bhd	05/03/2026		32
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES			32
CONSUMER DURABLES & APPAREL - 0.0%
	1,140,087		Cie Financiere Richemont S.A.	11/27/2023		538
			TOTAL CONSUMER DURABLES & APPAREL			538
CONSUMER SERVICES - 0.0%
	355,530	e	Borussia Dortmund GmbH & Co KGaA	09/04/2021		7
	285,818	e	Deutsche Lufthansa AG.	10/05/2021		678
	69,576	e	PointsBet Holdings Pty Ltd	09/30/2022		80
			TOTAL CONSUMER SERVICES			765
DIVERSIFIED FINANCIALS - 0.0%
	26,653		Srisawad Corp PCL	08/29/2025		8
			TOTAL DIVERSIFIED FINANCIALS			8
ENERGY - 0.0%
	1,025,166	†,h	Banpu PCL	12/31/2022		0
	1,025,166	†,h	Banpu PCL	12/31/2023		0
	8,715	e	Weatherford International plc	12/13/2023		3
			TOTAL ENERGY			3
FOOD, BEVERAGE & TOBACCO - 0.0%
	84,740		Thaifoods Group PCL	05/14/2024		4
			TOTAL FOOD, BEVERAGE & TOBACCO			4

183

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

SHARES			COMPANY	Expiration Date	VALUE (000)
HEALTH CARE EQUIPMENT & SERVICES - 0.0%
	72,360	h	Comfort Glove Bhd	12/31/2099	$	6
			TOTAL HEALTH CARE EQUIPMENT & SERVICES			6
MATERIALS - 0.0%
	37,560		Scientex BHD	01/14/2026		13
			TOTAL MATERIALS			13
MEDIA & ENTERTAINMENT - 0.0%
	433,452		Advantage Solutions, Inc	12/31/2026		789
	230,631	†	Media General, Inc			0
	67,880		RS PCL	05/23/2024		8
			TOTAL MEDIA & ENTERTAINMENT			797
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
	20,027	†,e	Tobira Therapeutics, Inc			1
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES			21
REAL ESTATE - 0.0%
	28,048		MBK PCL	12/31/2024		9
			TOTAL REAL ESTATE			9
TECHNOLOGY HARDWARE & EQUIPMENT - 0.0%
	113,648		SKP Resources Bhd	04/25/2026		6
	432,125		VS Industry Bhd	12/31/2099		57
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT			63
TELECOMMUNICATION SERVICES - 0.0%
	183,996		Bharti Airtel Ltd	11/15/2021		375
			TOTAL TELECOMMUNICATION SERVICES			375
TRANSPORTATION - 0.0%
	734,574	h	BTS Group Holdings PCL	12/31/2099		0
	1,469,147	h	BTS Group Holdings PCL	12/31/2099		0
	2,315		Hanwha Systems Co Ltd			12
	3,220		Jeju Air Co Ltd	10/19/2021		11
			TOTAL TRANSPORTATION			23
UTILITIES - 0.0%
	573,184	e	Veolia Environnement S.A.	11/15/2021		465
			TOTAL UTILITIES			465
			TOTAL RIGHTS / WARRANTS			3,530
			(Cost $1,730)

184

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
SHORT-TERM INVESTMENTS - 2.1%
GOVERNMENT AGENCY DEBT - 0.8%
$	25,000,000		Federal Agricultural Mortgage Corp (FAMC)		0.000	%	10/21/21	$	25,000
	13,000,000		Federal Farm Credit Bank (FFCB)		0.000		11/19/21		12,999
	6,000,000		FFCB		0.000		01/10/22		5,999
	20,000,000		FFCB		0.000		01/19/22		19,998
	10,000,000		FFCB		0.000		01/26/22		9,999
	20,000,000		FFCB		0.000		01/28/22		19,997
	40,000,000		FFCB		0.000		02/02/22		39,993
	33,333,000		FFCB		0.000		02/15/22		33,327
	24,916,000		FFCB		0.000		02/28/22		24,911
	12,500,000		FFCB		0.000		03/01/22		12,497
	12,500,000		FFCB		0.000		03/02/22		12,497
	7,000,000		FFCB		0.000		06/16/22		6,996
	116,965,000		Federal Home Loan Bank (FHLB)		0.000		10/22/21		116,964
	66,710,000		FHLB		0.000		10/27/21		66,709
	154,000,000		FHLB		0.000		10/29/21		153,998
	75,000,000		FHLB		0.000		11/03/21		74,997
	114,750,000		FHLB		0.000		11/05/21		114,746
	74,078,000		FHLB		0.000		11/10/21		74,075
	35,000,000		FHLB		0.000		11/12/21		34,998
	17,000,000		FHLB		0.000		11/17/21		16,999
	10,497,000		FHLB		0.000		11/24/21		10,496
	83,000,000		FHLB		0.000		12/08/21		82,994
	10,500,000		FHLB		0.000		12/17/21		10,499
	31,000,000		FHLB		0.000		12/22/21		30,997
	25,000,000		FHLB		0.000		02/22/22		24,995
	26,612,000		FHLB		0.000		05/05/22		26,602
	20,000,000		FHLB		0.000		08/04/22		19,987
	8,000,000		FHLB		0.000		08/05/22		7,995
	11,140,000		Federal Home Loan Mortgage Corp (FHLMC)		0.000		01/13/22		11,213
	9,483,000		Federal National Mortgage Association (FNMA)		0.000		01/05/22		9,529
	3,605,000		FNMA		0.000		01/11/22		3,630
			TOTAL GOVERNMENT AGENCY DEBT						1,116,636
REPURCHASE AGREEMENT - 0.0%
	40,815,000	r	Fixed Income Clearing Corp (FICC)		0.010		10/01/21		40,815
			TOTAL REPURCHASE AGREEMENT						40,815
TREASURY DEBT - 0.1%
	17,000,000		United States Cash Management Bill		0.000		11/30/21		16,999
	20,678,000		United States Treasury Bill		0.000		10/28/21		20,677
	25,000,000		United States Treasury Bill		0.000		08/11/22		24,984
			TOTAL TREASURY DEBT						62,660
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED - 1.2%
REPURCHASE AGREEMENT - 1.2%
	20,000,000	s	Calyon		0.050		10/01/21		20,000
	63,000,000	t	Calyon		0.050		10/01/21		63,000
	90,000,000	u	Citigroup		0.060		10/01/21		90,000
	135,000,000	v	Deutsche Bank		0.050		10/01/21		135,000
	75,000,000	w	Goldman Sachs		0.050		10/01/21		75,000
	138,000,000	x	HSBC		0.050		10/01/21		138,000

185

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

							MATURITY	VALUE
PRINCIPAL			ISSUER	RATE			DATE	(000)
$	150,000,000	y	HSBC		0.050	%	10/01/21	$	150,000
	4,000,000	z	HSBC		0.051		10/06/21		4,000
	50,000,000	aa	JP Morgan		0.050		10/01/21		50,000
	19,503,000	ab	Merrill Lynch		0.050		10/01/21		19,503
	61,500,000	ac	Merrill Lynch		0.050		10/01/21		61,500
	256,879,000	ad	Merrill Lynch		0.050		10/01/21		256,879
	175,000,000	ae	Morgan Stanley		0.050		10/01/21		175,000
	50,000,000	af	Nomura		0.050		10/01/21		50,000
	110,000,000	ag	Royal Bank of Scotland		0.050		10/01/21		110,000
	175,000,000	ah	Societe Generale		0.050		10/01/21		175,000
			TOTAL REPURCHASE AGREEMENT						1,572,882
			TOTAL INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED						1,572,882
			TOTAL SHORT-TERM INVESTMENTS						2,792,993
			(Cost $2,792,986)
			TOTAL INVESTMENTS - 101.3%						135,850,394
			(Cost $110,101,052)
			OTHER ASSETS & LIABILITIES, NET - (1.3)%						(1,723,968	)
			NET ASSETS - 100.0%					$	134,126,426

	Abbreviation(s):
ADR	American Depositary Receipt
CHF	Swiss Franc
CVR	Contingent Value Right
ETF	Exchange Traded Fund
GDR	Global Depositary Receipt
INR	Indian Rupee
OTC	Over The Counter
REIT	Real Estate Investment Trust
SPDR	Standard & Poor’s Depositary Receipts

^	Amount represents less than $1,000.
*	Non-income producing
†	Security is categorized as Level 3 in the fair value hierarchy.
a	Affiliated holding
b	In bankruptcy
d	All or a portion of these securities have been segregated to cover margin requirements on open futures contracts.
e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $2,314,256,032.

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 9/30/21, the aggregate value of these securities is $1,740,791,761 or 1.3% 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.
r	Agreement with Fixed Income Clearing Corp, 0.010% dated 9/30/21 to be repurchased at $40,815,000 on 10/01/21, collateralized by U.S. Treasury Notes valued at $41,631,334.

186

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

s	Agreement with Calyon, 0.050% dated 9/30/21 to be repurchased at $20,000,000 on 10/01/21, collateralized by U.S. Government Agency Securities valued at $20,400,132.
t	Agreement with Calyon, 0.050% dated 9/30/21 to be repurchased at $63,000,000 on 10/01/21, collateralized by U.S. Government Agency Securities valued at $64,260,000.
u	Agreement with Citigroup, 0.060% dated 9/30/21 to be repurchased at $90,000,000 on 10/01/21, collateralized by U.S. Government Agency Securities valued at $91,800,087.
v	Agreement with Deutsche Bank, 0.050% dated 9/30/21 to be repurchased at $135,000,000 on 10/01/21, collateralized by U.S. Government Agency Securities valued at $137,700,060.
w	Agreement with Goldman Sachs, 0.050% dated 9/30/21 to be repurchased at $75,000,000 on 10/01/21, collateralized by U.S. Government Agency Securities valued at $76,500,000.
x	Agreement with HSBC, 0.050% dated 9/30/21 to be repurchased at $138,000,000 on 10/01/21, collateralized by U.S. Government Agency Securities valued at $140,760,064.
y	Agreement with HSBC, 0.050% dated 9/30/21 to be repurchased at $150,000,000 on 10/01/21, collateralized by U.S. Government Agency Securities valued at $153,000,000.
z	Agreement with HSBC, 0.051% dated 9/30/21 to be repurchased at $4,000,000 on 10/06/21, collateralized by U.S. Government Agency Securities valued at $4,080,000.
aa	Agreement with JP Morgan, 0.050% dated 9/30/21 to be repurchased at $50,000,000 on 10/01/21, collateralized by U.S. Government Agency Securities valued at $51,000,000.
ab	Agreement with Merrill Lynch, 0.050% dated 9/30/21 to be repurchased at $19,503,000 on 10/01/21, collateralized by U.S. Government Agency Securities valued at $19,893,106.
ac	Agreement with Merrill Lynch, 0.050% dated 9/30/21 to be repurchased at $61,500,000 on 10/01/21, collateralized by U.S. Government Agency Securities valued at $62,730,062.
ad	Agreement with Merrill Lynch, 0.050% dated 9/30/21 to be repurchased at $256,879,000 on 10/01/21, collateralized by U.S. Government Agency Securities valued at $262,016,580.
ae	Agreement with Morgan Stanley, 0.050% dated 9/30/21 to be repurchased at $175,000,000 on 10/01/21, collateralized by U.S. Government Agency Securities valued at $178,500,000.
af	Agreement with Nomura, 0.050% dated 9/30/21 to be repurchased at $50,000,000 on 10/01/21, collateralized by U.S. Government Agency Securities valued at $51,000,046.
ag	Agreement with Royal Bank of Scotland, 0.050% dated 9/30/21 to be repurchased at $110,000,000 on 10/01/21, collateralized by U.S. Government Agency Securities valued at $112,200,087.
ah	Agreement with Societe Generale, 0.050% dated 9/30/21 to be repurchased at $175,000,000 on 10/01/21, collateralized by U.S. Government Agency Securities valued at $178,500,100.
	Cost amounts are in thousands.

Purchased options outstanding as of September 30, 2021 were as follows (notional amounts and values are in thousands):

Description/underlying investment	Number of contracts		Notional amount		Exercise price		Expiration date		Value
Sea Ltd, Call		250	$	837	$	300.00		11/19/21	$	851

Written options outstanding as of September 30, 2021 were as follows (notional amounts and values are in thousands):

Description/underlying investment	Number of contracts		Notional amount			Exercise price		Expiration date		Value
Apple, Inc, Call		30	$	(2	)	$	165.00		10/15/21	$	(0	)^
Chipotle Mexican Grill, Inc, Call		5		(46	)		2,000.00		12/17/21		(17	)
Chipotle Mexican Grill, Inc, Put		5		(12	)		1,400.00		12/17/21		(3	)
Chipotle Mexican Grill, Inc, Put		5		(13	)		1,600.00		12/17/21		(14	)

187

COLLEGE RETIREMENT EQUITIES FUND - Stock Account

Description/underlying investment	Number of contracts		Notional amount			Exercise price		Expiration date		Value
Citigroup, Inc, Call		30	$	(1	)	$	80.00		11/19/21	$	(1	)
Comcast Corp, Put		30		(1	)		50.00		10/15/21		(0	)^
Exxon Mobil Corp, Call		30		(1	)		67.50		11/19/21		(1	)
Facebook, Inc, Put		10		(2	)		300.00		10/15/21		(1	)
Freeport-McMoRan, Inc, Call		40		(2	)		42.00		11/19/21		(1	)
GDS Holdings Ltd, Put		550		(61	)		50.00		10/15/21		(50	)
GDS Holdings Ltd, Put		250		(60	)		55.00		10/15/21		(55	)
Intel Corp, Call		50		(1	)		62.50		11/19/21		(1	)
Intuitive Surgical, Inc, Put		35		(112	)		1,030.00		10/15/21		(158	)
Intuitive Surgical, Inc, Put		36		(132	)		1,040.00		10/15/21		(159	)
Sea Ltd, Call		265		(166	)		360.00		10/15/21		(33	)
Sea Ltd, Call		250		(548	)		330.00		11/19/21		(458	)
Sea Ltd, Put		15		(2	)		260.00		10/15/21		(1	)
Sea Ltd, Put		200		(52	)		300.00		10/15/21		(92	)
Sea Ltd, Put		100		(56	)		320.00		10/15/21		(118	)
Sea Ltd, Put		250		(377	)		250.00		11/19/21		(85	)
Sony Group Corp, Put		30		(1	)		100.00		10/15/21		(1	)
Sony Group Corp, Put		1,000		(53	)		105.00		10/15/21		(75	)
Starbucks Corp, Put		20		(1	)		100.00		10/15/21		(1	)
ViacomCBS, Inc, Put		45		(16	)		40.00		12/17/21		(13	)
Total		3,281		(1,718	)					$	(1,338	)

^ Amount represents less than $1,000.

Futures contracts outstanding as of September 30, 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		313		12/17/21	$	35,135	$	34,443	$	(692	)
S&P 500 E Mini Index		2,016		12/17/21		453,941		433,213		(20,728	)
S&P Mid-Cap 400 E Mini Index		201		12/17/21		54,502		52,927		(1,575	)
Total		2,530			$	543,578	$	520,583	$	(22,995	)

Forward foreign currency contracts outstanding as of September 30, 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)
$	11,004	AUD	15,000	Morgan Stanley	10/21/21	$	159
$	18,035	CAD	23,000	Morgan Stanley	10/21/21		(123	)
$	7,043	JPY	770,000	Morgan Stanley	10/21/21		123
$	8,986	SEK	78,000	Morgan Stanley	10/21/21		75
Total						$	234
$	12,032	GBP	8,800	Toronto Dominion Bank	10/21/21	$	175
EUR	11,400	$	13,477	Toronto Dominion Bank	10/21/21		(267	)
Total						$	(92	)
Total						$	142

	Abbreviation(s):
AUD	Australian Dollar
CAD	Canadian Dollar
GBP	Pound Sterling
JPY	Japanese Yen
SEK	Swedish Krona

188

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

COLLEGE RETIREMENT EQUITIES FUND

GLOBAL EQUITIES ACCOUNT

SCHEDULE OF INVESTMENTS (unaudited)

September 30, 2021

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
BONDS - 0.0%
CONVERTIBLE BONDS - 0.0%
SWITZERLAND - 0.0%
CHF	181,000	e,g	Credit Suisse Group Guernsey VII Ltd		3.000	%	11/12/21	$	208
			TOTAL SWITZERLAND						208
			TOTAL CONVERTIBLE BONDS						208
			(Cost $200)
CORPORATE BONDS - 0.0%
INDIA - 0.0%
INR	1,191,204		Britannia Industries Ltd		5.500		06/03/24		16
			TOTAL INDIA						16
			TOTAL CORPORATE BONDS						16
			(Cost $16)
			TOTAL BONDS						224
			(Cost $216)
SHARES			COMPANY
COMMON STOCKS - 98.1%
ARGENTINA - 0.1%
	9,525	*	MercadoLibre, Inc						15,996
	55,800	*	YPF S.A. (ADR) (Class D)						260
			TOTAL ARGENTINA						16,256
AUSTRALIA - 1.2%
	239,723	*	Afterpay Touch Group Ltd						20,826
	108,757		AGL Energy Ltd						449
	714,626	*	AMP Ltd						504
	217,172		APA Group						1,353
	1,718,645		Australia & New Zealand Banking Group Ltd						34,515
	40,255		Australian Stock Exchange Ltd						2,324
	681,005	*,†	AZ BGP Holdings						2
	401,167		BHP Group plc						10,107
	40,199		Cochlear Ltd						6,290
	368,113		Commonwealth Bank of Australia						27,318
	60,000		CSL Ltd						12,536
	155,970		Endeavour Group Ltd						781
	7,837,276		Glencore Xstrata plc						36,867
	1,035,437		IDP Education Ltd						25,071
	3,199,463		Ingenia Communities Group						15,057
	480,572		Insurance Australia Group Ltd						1,678
	71,527		Macquarie Group Ltd						9,241

189

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	27,287		Magellan Financial Group Ltd	$	685
	572,683		Medibank Pvt Ltd		1,462
	241,760	*	Megaport Ltd		2,889
	664,640		National Australia Bank Ltd		13,107
	1,496,503	*	NEXTDC Ltd		12,748
	2,457,346	*,e	PointsBet Holdings Ltd		17,588
	208,803	*	Qantas Airways Ltd		842
	305,517		QBE Insurance Group Ltd		2,517
	100,000		Ramsay Health Care Ltd		4,956
	278,747		Rio Tinto plc		18,272
	379,046		Sonic Healthcare Ltd		10,954
	262,209		Suncorp-Metway Ltd		2,332
	833,750		Telstra Corp Ltd		2,336
	88,982		Wesfarmers Ltd		3,539
	762,778		Westpac Banking Corp		14,106
	155,970		Woolworths Ltd		4,381
	3,476,767	*,e	Zip Co Ltd		17,148
			TOTAL AUSTRALIA		334,781
AUSTRIA - 0.1%
	287,006	*,g	BAWAG Group AG.		18,164
	45,422		Mondi plc		1,113
	12,569		Verbund AG.		1,271
			TOTAL AUSTRIA		20,548
BELGIUM - 0.1%
	93,538		Anheuser-Busch InBev S.A.		5,305
	254,083		KBC Groep NV		22,920
			TOTAL BELGIUM		28,225
BERMUDA - 0.0%
	11,179		RenaissanceRe Holdings Ltd		1,558
			TOTAL BERMUDA		1,558
BRAZIL - 1.2%
	19,700	*	Adecoagro S.A.		178
	35,000	*	Alpargatas S.A.		339
	999,900		AMBEV S.A.		2,809
	5,383,728	*	Americanas S.A.		30,568
	102,800		Atacadao Distribuicao Comercio e Industria Ltd		335
	425,200		B3 SA-Brasil Bolsa Balcao		995
	1,457,962		Banco Bradesco S.A.		4,782
	16,752,344		Banco Bradesco S.A. (Preference)		64,078
	52,524		Banco BTG Pactual S.A.		146
	5,200		Banco BTG Pactual S.A.		6
	3,897,460		Banco BTG Pactual S.A. - Unit		18,007
	63,832		Banco do Brasil S.A.		339
	1,623,703		Banco Inter S.A.		13,909
	26,800		Banco Santander Brasil S.A.		174
	132,700		BB Seguridade Participacoes S.A.		486
	47,042		Bradespar S.A.		451
	40,900	*	Braskem S.A.		446
	136,200	*	BRF S.A.		677
	69,255		Centrais Eletricas Brasileiras S.A.		490
	56,600		Centrais Eletricas Brasileiras S.A. (Preference)		402

190

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	237,300		Cia de Concessoes Rodoviarias	$	510
	73,700		Cia de Saneamento Basico do Estado de Sao Paulo		522
	220,350		Cia Energetica de Minas Gerais		568
	162,300		Cia Paranaense de Energia		217
	138,500		Cia Siderurgica Nacional S.A.		731
	109,022		Companhia Vale do Rio Doce (ADR)		1,521
	210,068		Cosan SA Industria e Comercio		886
	50,500		CPFL Energia S.A.		250
	36,100		Energisa S.A.		291
	39,250		Engie Brasil Energia S.A.		270
	182,500		Equatorial Energia S.A.		849
	239,000		Gerdau S.A. (Preference)		1,189
	74,800	g	Hapvida Participacoes e Investimentos S.A.		187
	23,900		Hypermarcas S.A.		141
	305,140		Investimentos Itau S.A. - PR		624
	4,517,919		Itau Unibanco Holding S.A.		24,001
	153,300	*	Klabin S.A.		681
	1,022,190		Localiza Rent A Car		10,224
	182,357		Lojas Renner S.A.		1,153
	5,090,600		Magazine Luiza S.A.		13,405
	181,995	*	Natura & Co Holding S.A.		1,523
	35,884		Notre Dame Intermedica Participacoes S.A.		492
	382,583	*	Pagseguro Digital Ltd		19,787
	249,800		Petrobras Distribuidora S.A.		1,077
	816,700		Petroleo Brasileiro S.A.		4,222
	1,043,738		Petroleo Brasileiro S.A. (Preference)		5,219
	224,600		Raia Drogasil S.A.		964
	73,900	g	Rede D’Or Sao Luiz S.A.		921
	272,700	*	Rumo S.A.		841
	9,659,900		Sendas Distribuidora S.A.		33,774
	800,437	*	StoneCo Ltd		27,791
	156,422	*	Suzano SA		1,566
	119,500		Telefonica Brasil S.A.		941
	169,200		TIM S.A.		365
	97,600		Totvus S.A.		647
	155,800		Ultrapar Participacoes S.A.		422
	833,700		Vale S.A.		11,672
	243,000	*	Via S		344
	346,020		Weg S.A.		2,518
			TOTAL BRAZIL		312,923
CANADA - 1.8%
	40,752		Agnico-Eagle Mines Ltd		2,114
	952,771		Alimentation Couche Tard, Inc		36,453
	391,521		Bank of Montreal		39,087
	252,269		Bank of Nova Scotia		15,527
	328,120		Barrick Gold Corp (Canada)		5,925
	368		Brookfield Asset Management Reinsurance Partners Ltd		20
	52,121		Brookfield Asset Management, Inc		2,793
	92,564	e	Canadian Imperial Bank of Commerce		10,304
	149,188	e	Canadian National Railway Co		17,289
	1,016,498	e	Canadian Pacific Railway Ltd (Toronto)		66,378
	43,460		CI Financial Corp		882
	490,196		Dollarama, Inc		21,263
	690,270	e	Dye & Durham Ltd		22,421

191

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	289,396		Enbridge, Inc (Toronto)	$	11,529
	5,561		Fairfax Financial Holdings Ltd		2,245
	22,239		First Capital Real Estate Investment Trust		307
	57,869		Great-West Lifeco, Inc		1,761
	22,233		iA Financial Corp, Inc		1,261
	17,204	e	IGM Financial, Inc		615
	29,738		Intact Financial Corp		3,932
	211,114	*,e	Lightspeed Commerce, Inc		20,371
	403,302		Manulife Financial Corp (Toronto)		7,763
	69,839	e	National Bank of Canada		5,364
	478,376		Nutrien Ltd (Toronto)		31,050
	17,288		Onex Corp		1,222
	2,868,061	e	Peyto Exploration & Development Corp		22,327
	115,760	e	Power Corp Of Canada		3,816
	104,245		RioCan Real Estate Investment Trust		1,781
	295,982		Royal Bank of Canada		29,451
	24,730	*	Shopify, Inc (Class A) (Toronto)		33,567
	121,569	e	Sun Life Financial, Inc		6,258
	167,305	e	TC Energy Corp		8,052
	36,080		Thomson Reuters Corp		3,990
	11,718		TMX Group Ltd		1,264
	376,210		Toronto-Dominion Bank		24,905
	382,109		West Fraser Timber Co Ltd		32,183
			TOTAL CANADA		495,470
CHILE - 0.0%
	3,565,689		Banco de Chile		329
	2,688		Banco de Credito e Inversiones		98
	3,665,733		Banco Santander Chile S.A.		184
	296,644		Cencosud S.A.		574
	42,698		Cencosud Shopping S.A.		50
	33,645		Cia Cervecerias Unidas S.A.		299
	1,821,100		Colbun S.A.		295
	228,777		Empresas CMPC S.A.		431
	81,911		Empresas COPEC S.A.		680
	6,498,153		Enel Chile S.A.		308
	4,686,877		Enersis S.A.		554
	161,131		SACI Falabella		564
	29,075		Sociedad Quimica y Minera de Chile S.A. (Class B)		1,565
			TOTAL CHILE		5,931
CHINA - 4.1%
	20,700	*	21Vianet Group, Inc (ADR)		358
	18,400	*	360 Finance, Inc (ADR)		374
	34,200	*	360 Security Technology, Inc		63
	90,000	*,g	3SBio, Inc		88
	2,300	*	51job, Inc (ADR)		160
	2,592,100	e	AAC Technologies Holdings, Inc		12,258
	13,700		Addsino Co Ltd		32
	7,826	*	Advanced Micro-Fabrication Equipment, Inc China		183
	12,600		AECC Aero-Engine Control Co Ltd		47
	24,700		AECC Aviation Power Co Ltd		203
	242,000		Agile Property Holdings Ltd		226
	3,600	*	Agora, Inc (ADR)		104
	2,038,000		Agricultural Bank of China Ltd		700
	471,200		Agricultural Bank of China Ltd (Class A)		214

192

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	118,064		Aier Eye Hospital Group Co Ltd	$	973
	22,200	*	Air China Ltd		25
	136,000	*	Air China Ltd (H shares)		90
	27,000		Airtac International Group		840
	21,000	*,g	Akeso, Inc		115
	5,144,472	*	Alibaba Group Holding Ltd		95,244
	278,000	*	Alibaba Health Information Technology Ltd		400
	116,750	g	A-Living Services Co Ltd		415
	872,000	*	Aluminum Corp of China Ltd		648
	152,800	*	Aluminum Corp of China Ltd (Class A)		182
	10,300		Angel Yeast Co Ltd		80
	89,000		Anhui Conch Cement Co Ltd		481
	14,100		Anhui Conch Cement Co Ltd (Class A)		89
	24,000		Anhui Gujing Distillery Co Ltd		311
	4,800		Anhui Gujing Distillery Co Ltd (Class A)		177
	4,000		Anhui Honglu Steel Construction Group Co Ltd		27
	6,700		Anhui Kouzi Distillery Co Ltd		52
	226,000		Anta Sports Products Ltd		4,268
	4,500		Apeloa Pharmaceutical Co Ltd		26
	1,100		Asymchem Laboratories Tianjin Co Ltd		76
	2,300		Autobio Diagnostics Co Ltd		19
	5,100		Autohome, Inc (ADR)		239
	17,500		Avary Holding Shenzhen Co Ltd		90
	6,200		Avic Capital Co Ltd		4
	29,300		AVIC Electromechanical Systems Co Ltd		60
	427,000		AviChina Industry & Technology Co		269
	5,600		AVICOPTER plc		48
	119,477	*	Baidu, Inc (ADR)		18,370
	177,400		Bank of Beijing Co Ltd		119
	19,300		Bank of Chengdu Co Ltd		35
	341,600		Bank of China Ltd		161
	17,414,000		Bank of China Ltd (Hong Kong)		6,153
	294,600		Bank of Communications Co Ltd		205
	681,000		Bank of Communications Co Ltd (Hong Kong)		403
	20,200		Bank of Hangzhou Co Ltd		46
	90,980		Bank of Jiangsu Co Ltd		82
	37,100		Bank of Nanjing Co Ltd		52
	20,000		Bank of Ningbo Co Ltd		108
	81,122		Bank of Shanghai Co Ltd		92
	298,300		Baoshan Iron & Steel Co Ltd		399
	3,969	*	Baozun, Inc (ADR)		70
	82,300		BBMG Corp		36
	3,300	*	BeiGene Ltd (ADR)		1,198
	5,000	*	Beijing BDStar Navigation Co Ltd		31
	408,000	*	Beijing Capital International Airport Co Ltd		239
	54,600		Beijing Dabeinong Technology Group Co Ltd		64
	5,040	*	Beijing E-Hualu Information Technology Co Ltd		23
	42,500		Beijing Enlight Media Co Ltd		65
	40,500		Beijing Enterprises Holdings Ltd		162
	284,000		Beijing Enterprises Water Group Ltd		111
	4,873		Beijing Kingsoft Office Software, Inc		211
	2,800		Beijing Kunlun Tech Co Ltd		7
	21,600		Beijing New Building Materials plc		106
	49,900		Beijing Originwater Technology Co Ltd		60
	729		Beijing Roborock Technology Co Ltd		80
	4,060		Beijing Shiji Information Technology Co Ltd		16

193

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	9,800		Beijing Shunxin Agriculture Co Ltd	$	53
	19,800		Beijing Sinnet Technology Co Ltd		39
	6,340		Beijing Tiantan Biological Products Corp Ltd		31
	3,500		Beijing United Information Technology Co Ltd		62
	4,800		Beijing Wantai Biological Pharmacy Enterprise Co Ltd		164
	42,500		Beijing Yanjing Brewery Co Ltd		43
	1,600		Beijing Yuanliu Hongyuan Electronic Technology Co Ltd		37
	136,300		Beijing-Shanghai High Speed Railway Co Ltd		100
	1,900		Betta Pharmaceuticals Co Ltd		27
	2,200		BGI Genomics Co Ltd		30
	125,358	*,e	Bilibili, Inc (ADR)		8,295
	769,000		BOC Hong Kong Holdings Ltd		2,317
	5,700		BOC International China Co Ltd		13
	133,500		BOE Technology Group Co Ltd		104
	668,000	e	Bosideng International Holdings Ltd		472
	136,000	*	Brilliance China Automotive Holdings Ltd		54
	3,000	*	Burning Rock Biotech Ltd (ADR)		54
	22,200		BYD Co Ltd		855
	164,000		BYD Co Ltd (H shares)		5,098
	45,000	e	BYD Electronic International Co Ltd		157
	20,900		By-health Co Ltd		91
	13,900		C&S Paper Co Ltd		37
	13,100		Caitong Securities Co Ltd		22
	5,400	*,e,g	CanSino Biologics, Inc		191
	325	*	CanSino Biologics, Inc		17
	339,000	e,g	CGN Power Co Ltd		103
	5,100		Chacha Food Co Ltd		36
	1,700		Changchun High & New Technology Industry Group, Inc		72
	24,000		Changjiang Securities Co Ltd		28
	3,100		Changzhou Xingyu Automotive Lighting Systems Co Ltd		87
	25,000		Chaozhou Three-Circle Group Co Ltd		143
	22,900	*	Chifeng Jilong Gold Mining Co Ltd		54
	282,000	e	China Aoyuan Group Ltd		149
	37,100		China Baoan Group Co Ltd		109
	208,500	e,g	China Bohai Bank Co Ltd		81
	604,000		China Cinda Asset Management Co Ltd		102
	703,000		China Citic Bank		317
	188,000		China Communications Services Corp Ltd		104
	97,500		China Conch Venture Holdings Ltd		453
	138,800		China Construction Bank Corp		128
	21,236,000		China Construction Bank Corp (Hong Kong)		15,156
	60,900		China CSSC Holdings Ltd		236
	112,000	e,g	China East Education Holdings Ltd		116
	36,600	*	China Eastern Airlines Corp Ltd		27
	161,000		China Education Group Holdings Ltd		278
	147,400		China Everbright Bank Co Ltd		77
	269,000		China Everbright Bank Co Ltd (Hong Kong)		95
	262,555		China Everbright International Ltd		197
	66,000		China Everbright Ltd		78
	744,000	g	China Feihe Ltd		1,254
	42,943	*,†	China Fortune Land Development Co Ltd		27
	252,500		China Galaxy Securities Co Ltd		146
	10,900		China Galaxy Securities Co Ltd (Class A)		18
	216,000		China Gas Holdings Ltd		638
	9,700		China Great Wall Securities Co Ltd		18

194

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	28,000		China Greatwall Technology Group Co Ltd	$	57
	511,000		China Hongqiao Group Ltd		648
	437,000	*,†,g	China Huarong Asset Management Co Ltd		29
	408,200		China Insurance International Holdings Co Ltd		618
	4,600		China International Capital Corp Ltd		41
	97,200	g	China International Capital Corp Ltd		254
	24,715		China International Travel Service Corp Ltd		990
	974,000		China Jinmao Holdings Group Ltd		350
	14,129		China Jushi Co Ltd		38
	67,000		China Lesso Group Holdings Ltd		107
	1,646,000		China Life Insurance Co Ltd		2,692
	31,500		China Life Insurance Co Ltd (Class A)		145
	183,200	*,e,g	China Literature Ltd		1,390
	239,000		China Longyuan Power Group Corp		586
	93,000		China Medical System Holdings Ltd		169
	112,000		China Meidong Auto Holdings Ltd		564
	669,000		China Mengniu Dairy Co Ltd		4,308
	872,500		China Merchants Bank Co Ltd		6,943
	926,387		China Merchants Bank Co Ltd (Class A)		7,201
	146,820		China Merchants Energy Shipping Co Ltd		125
	119,426		China Merchants Holdings International Co Ltd		204
	4,700		China Merchants Property Operation & Service Co Ltd		11
	24,920		China Merchants Securities Co Ltd		70
	95,300		China Merchants Shekou Industrial Zone Holdings Co Ltd		190
	272,400		China Minsheng Banking Corp Ltd		165
	423,300	e	China Minsheng Banking Corp Ltd (Hong Kong)		170
	756,000		China Molybdenum Co Ltd		467
	204,600		China Molybdenum Co Ltd (Class A)		189
	276,000		China National Building Material Co Ltd		371
	20,100		China National Chemical Engineering Co Ltd		33
	3,600		China National Medicines Corp Ltd		16
	97,100	*	China National Nuclear Power Co Ltd		108
	1,100		China National Software & Service Co Ltd		8
	47,000		China Northern Rare Earth Group High-Tech Co Ltd		318
	528,000		China Oilfield Services Ltd		500
	661,435		China Overseas Land & Investment Ltd		1,497
	220,000		China Overseas Property Holdings Ltd		182
	90,400		China Pacific Insurance Group Co Ltd		378
	595,000		China Pacific Insurance Group Co Ltd (Hong Kong)		1,767
	374,000		China Power International Development Ltd		198
	126,300		China Railway Group Ltd		110
	289,000		China Railway Group Ltd (Hong Kong)		143
	83,084		China Railway Signal & Communication Corp Ltd		66
	310,000		China Resources Beer Holdings Company Ltd		2,293
	165,999		China Resources Cement Holdings Ltd		160
	72,000		China Resources Gas Group Ltd		378
	675,836		China Resources Land Ltd		2,844
	127,800	g	China Resources Mixc Lifestyle Services Ltd		703
	134,500	g	China Resources Pharmaceutical Group Ltd		66
	142,000		China Resources Power Holdings Co		408
	1,800		China Resources Sanjiu Medical & Pharmaceutical Co Ltd		8
	101,700		China Shenhua Energy Co Ltd		355
	784,000		China Shenhua Energy Co Ltd (Hong Kong)		1,826
	17,900		China South Publishing & Media Group Co Ltd		25

195

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	134,000	*,e	China Southern Airlines Co Ltd	$	75
	34,000	*	China Southern Airlines Co Ltd (Class A)		30
	225,900		China State Construction Engineering Corp Ltd		167
	138,000		China State Construction International Holdings Ltd		120
	1,670,000	g	China Tower Corp Ltd		218
	17,900		China TransInfo Technology Co Ltd		41
	372,000		China Vanke Co Ltd		1,017
	120,558		China Vanke Co Ltd (Class A)		396
	46,200		China Yangtze Power Co Ltd		157
	312,000	g	China Yuhua Education Corp Ltd		151
	106,200		China Zheshang Bank Co Ltd		58
	574,000		Chinasoft International Ltd		1,014
	19,300	*	Chindata Group Holdings Ltd (ADR)		162
	5,900	*	Chongqing Brewery Co Ltd		120
	64,480		Chongqing Changan Automobile Co Ltd		166
	12,300	*	Chongqing Fuling Zhacai Group Co Ltd		58
	206,000		Chongqing Rural Commercial Bank		75
	248,300		Chongqing Rural Commercial Bank Co Ltd		148
	6,600		Chongqing Zhifei Biological Products Co Ltd		161
	730,535		CIFI Holdings Group Co Ltd		496
	410,000		Citic Pacific Ltd		434
	161,500		CITIC Securities Co Ltd		409
	37,000		CITIC Securities Co Ltd (Class A)		144
	29,000		Contemporary Amperex Technology Co Ltd		2,350
	150,445		COSCO Pacific Ltd		130
	98,200		COSCO SHIPPING Energy Transportation Co Ltd		104
	165,160	*	COSCO SHIPPING Holdings Co Ltd		437
	232,650	*,e	COSCO SHIPPING Holdings Co Ltd		353
	1,618,000	e	Country Garden Holdings Co Ltd		1,668
	313,000		Country Garden Services Holdings Co Ltd		2,473
	19,300		CSC Financial Co Ltd		92
	624,880		CSPC Pharmaceutical Group Ltd		746
	3,984		Da An Gene Co Ltd of Sun Yat-Sen University		11
	4,500	*	Dada Nexus Ltd (ADR)		90
	401,500	g	Dali Foods Group Co Ltd		242
	12,600	*	Daqo New Energy Corp (ADR)		718
	9,260		DaShenLin Pharmaceutical Group Co Ltd		61
	10,400		DHC Software Co Ltd		12
	66,805	*,e	DiDi Global, Inc (ADR)		520
	1,500		Dong-E-E-Jiao Co Ltd		8
	41,300		Dongfang Electric Corp Ltd		116
	572,000		Dongfeng Motor Group Co Ltd		509
	11,300		Dongxing Securities Co Ltd		20
	46,152		East Money Information Co Ltd		244
	5,700		Ecovacs Robotics Co Ltd		134
	57,400		ENN Energy Holdings Ltd		947
	25,100		ENN Natural Gas Co Ltd		71
	23,870		Eve Energy Co Ltd		363
	164,000	*,e	Ever Sunshine Lifestyle Services Group Ltd		328
	11,600		Everbright Securities Co Ltd		28
	60,043		Fangda Carbon New Material Co Ltd		94
	74,000		Far East Horizon Ltd		75
	33,800		FAW Jiefang Group Co Ltd		56
	14,200		Fiberhome Telecommunication Technologies Co Ltd		39
	91,200		Financial Street Holdings Co Ltd		84
	25,300		First Capital Securities Co Ltd		28

196

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	89,000	e	Flat Glass Group Co Ltd	$	416
	18,200		Flat Glass Group Co Ltd		129
	190,900		Focus Media Information Technology Co Ltd		216
	42,898		Foshan Haitian Flavouring & Food Co Ltd		727
	600,000		Fosun International		729
	32,700		Founder Securities Co Ltd		41
	2,556,727		Foxconn Industrial Internet Co Ltd		4,584
	2,694		Fu Jian Anjoy Foods Co Ltd		80
	13,400		Fujian Sunner Development Co Ltd		45
	23,100		Fuyao Glass Industry Group Co Ltd		151
	126,800	g	Fuyao Glass Industry Group Co Ltd (Hong Kong)		674
	56,400	g	Ganfeng Lithium Co Ltd		988
	13,800		Ganfeng Lithium Co Ltd		346
	300		G-bits Network Technology Xiamen Co Ltd		18
	80,600	*	GCL System Integration Technology Co Ltd		51
	1,010,096	*	GDS Holdings Ltd (ADR)		57,182
	1,231,000		Geely Automobile Holdings Ltd		3,534
	78,400		GEM Co Ltd		135
	55,600		Gemdale Corp		96
	408,000	*,e	Genscript Biotech Corp		1,566
	80,600		GF Securities Co Ltd		141
	21,200		GF Securities Co Ltd (Class A)		68
	11,200		Giant Network Group Co Ltd		18
	8,572		Gigadevice Semiconductor Beijing, Inc		191
	15,100		GoerTek, Inc		100
	2,416,000	*,e	GOME Electrical Appliances Holdings Ltd		225
	17,200	*	Gotion High-tech Co Ltd		126
	644,500		Great Wall Motor Co Ltd		2,371
	28,100		Great Wall Motor Co Ltd		228
	99,540		Greenland Holdings Corp Ltd		72
	179,000	e	Greentown China Holdings Ltd		270
	304,000		Greentown Service Group Co Ltd		330
	33,100		GRG Banking Equipment Co Ltd		50
	24,329	*,e	GSX Techedu, Inc (ADR)		75
	19,300		Guangdong Haid Group Co Ltd		201
	5,500		Guangdong Hongda Blasting Co Ltd		23
	220,000		Guangdong Investments Ltd		287
	3,300		Guangdong Kinlong Hardware Products Co Ltd		70
	8,400		Guangdong Xinbao Electrical Appliances Holdings Co Ltd		24
	145,000	*	Guanghui Energy Co Ltd		194
	616,000		Guangzhou Automobile Group Co Ltd (Hong Kong)		541
	4,900		Guangzhou Baiyunshan Pharmaceutical Holdings Co Ltd		23
	36,400		Guangzhou Haige Communications Group, Inc Co		58
	4,300		Guangzhou Kingmed Diagnostics Group Co Ltd		68
	395,200	e	Guangzhou R&F Properties Co Ltd		304
	7,395		Guangzhou Shiyuan Electronic Technology Co Ltd		90
	11,700		Guangzhou Tinci Materials Technology Co Ltd		274
	1,810		Guangzhou Wondfo Biotech Co Ltd		12
	9,990		Guangzhou Yuexiu Financial Holdings Group Co Ltd		13
	3,900		Guolian Securities Co Ltd		8
	17,500		Guosen Securities Co Ltd		32
	26,300		Guotai Junan Securities Co Ltd		72
	25,790		Guoyuan Securities Co Ltd		31
	221,000	e,g	Haidilao International Holding Ltd		847

197

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	75,100		Haier Smart Home Co Ltd	$	301
	435,400		Haier Smart Home Co Ltd		1,522
	148,000		Haitian International Holdings Ltd		459
	217,600		Haitong Securities Co Ltd		198
	34,200		Haitong Securities Co Ltd (Class A)		64
	14,300	*	Hang Zhou Great Star Industrial Co Ltd		61
	11,740		Hangzhou First Applied Material Co Ltd		229
	11,100		Hangzhou Oxygen Plant Group Co Ltd		48
	13,830		Hangzhou Robam Appliances Co Ltd		72
	17,600		Hangzhou Silan Microelectronics Co Ltd		154
	1,800		Hangzhou Tigermed Consulting Co Ltd		48
	9,000	g	Hangzhou Tigermed Consulting Co Ltd (Hong Kong)		190
	84,000	g	Hansoh Pharmaceutical Group Co Ltd		213
	6,300		Hefei Meiya Optoelectronic Technology, Inc		37
	23,700		Heilongjiang Agriculture Co Ltd		55
	11,300		Hello Group, Inc (ADR)		120
	40,700		Henan Shuanghui Investment & Development Co Ltd		171
	131,500		Hengan International Group Co Ltd		701
	74,280		Hengli Petrochemical Co Ltd		297
	588,000	*,e	HengTen Networks Group Ltd		173
	47,230		Hengyi Petrochemical Co Ltd		84
	376,000		Hesteel Co Ltd		161
	1,900		Hithink RoyalFlush Information Network Co Ltd		35
	10,900		Hongfa Technology Co Ltd		105
	144,800		Hopson Development Holdings Ltd		516
	36,000	*,e,g	Hua Hong Semiconductor Ltd		185
	26,160		Huaan Securities Co Ltd		22
	82,200		Huadian Power International Corp Ltd (Class A)		60
	9,440		Huadong Medicine Co Ltd		43
	51,600		Huafon Chemical Co Ltd		97
	10,500		Huagong Tech Co Ltd		47
	7,560		Hualan Biological Engineering, Inc		33
	67,800		Huaneng Power International, Inc		86
	276,000	e	Huaneng Power International, Inc (Hong Kong)		148
	120,000	g	Huatai Securities Co Ltd		185
	15,500		Huatai Securities Co Ltd (Class A)		41
	11,400		Huaxi Securities Co Ltd		17
	67,500		Huaxia Bank Co Ltd		58
	3,500		Huaxin Cement Co Ltd		11
	36,000		Huayu Automotive Systems Co Ltd		127
	37,037	*	Huazhu Group Ltd (ADR)		1,699
	44,600		Hubei Biocause Pharmaceutical Co Ltd		23
	4,800		Huizhou Desay Sv Automotive Co Ltd		62
	4,700		Humanwell Healthcare Group Co Ltd		15
	74,300		Hunan Valin Steel Co Ltd		76
	6,948		Hundsun Technologies, Inc		62
	5,771	*	Hutchison China MediTech Ltd (ADR)		211
	188,198	*	HUYA, Inc (ADR)		1,570
	264,211	*	iClick Interactive Asia Group Ltd (ADR)		1,461
	12,000		Iflytek Co Ltd		98
	16,900	*	I-Mab (ADR)		1,225
	2,200		Imeik Technology Development Co Ltd		204
	343,400		Industrial & Commercial Bank of China Ltd		247
	12,829,000		Industrial & Commercial Bank of China Ltd (Hong Kong)		7,111
	78,600		Industrial Bank Co Ltd		221

198

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	24,500		Industrial Securities Co Ltd	$	37
	5,500		Ingenic Semiconductor Co Ltd		109
	604,800	*	Inner Mongolia BaoTou Steel Union Co Ltd		294
	117,000		Inner Mongolia Junzheng Energy & Chemical Industry Group Co Ltd		103
	79,200		Inner Mongolia Yili Industrial Group Co Ltd		461
	325,000	*,g	Innovent Biologics, Inc		3,130
	5,000		Inspur Electronic Information Industry Co Ltd		22
	1,200		Intco Medical Technology Co Ltd		11
	21,153	*,e	IQIYI, Inc (ADR)		170
	20,900		JA Solar Technology Co Ltd		212
	3,760		Jafron Biomedical Co Ltd		34
	6,800		Jason Furniture Hangzhou Co Ltd		63
	25,400	*,e,g	JD Health International, Inc		245
	555,999	*	JD.com, Inc (ADR)		40,165
	5,100		Jiangsu Changshu Rural Commercial Bank Co Ltd		5
	38,900		Jiangsu Eastern Shenghong Co Ltd		168
	110,000		Jiangsu Express		111
	16,304		Jiangsu Hengli Hydraulic Co Ltd		213
	27,582		Jiangsu Hengrui Medicine Co Ltd		214
	16,100		Jiangsu King’s Luck Brewery JSC Ltd		113
	15,399		Jiangsu Shagang Co Ltd		16
	19,100		Jiangsu Yanghe Brewery Joint-Stock Co Ltd		488
	3,000		Jiangsu Yangnong Chemical Co Ltd		48
	4,700		Jiangsu Yoke Technology Co Ltd		55
	5,200		Jiangsu Yuyue Medical Equipment & Supply Co Ltd		26
	14,300		Jiangsu Zhongnan Construction Group Co Ltd		10
	41,700		Jiangsu Zhongtian Technology Co Ltd		59
	261,000		Jiangxi Copper Co Ltd		464
	23,158		Jiangxi Copper Co Ltd (Class A)		87
	38,500		Jiangxi Zhengbang Technology Co Ltd		56
	22,200		Jilin Aodong Pharmaceutical Group Co Ltd		58
	61,200		Jinke Properties Group Co Ltd		49
	88,000	*,e,g	Jinxin Fertility Group Ltd		131
	3,800		JiuGui Liquor Co Ltd		145
	164,000	e,g	Jiumaojiu International Holdings Ltd		494
	8,900		Joincare Pharmaceutical Group Industry Co Ltd		16
	1,540		Joinn Laboratories China Co Ltd		38
	5,800		Jointown Pharmaceutical Group Co Ltd		14
	11,700		Jonjee Hi-Tech Industrial And Commercial Holding Co Ltd		57
	8,000		Joyoung Co Ltd		27
	4,000		JOYY, Inc (ADR)		219
	6,900		Juewei Food Co Ltd		68
	232,000	e	Kaisa Group Holdings Ltd		63
	25,400	*	KE Holdings, Inc (ADR)		464
	50,000		Kingboard Chemical Holdings Ltd		226
	180,000	*	Kingdee International Software Group Co Ltd		599
	28,500		Kingfa Sci & Tech Co Ltd		64
	4,100	*,e	Kingsoft Cloud Holdings Ltd (ADR)		116
	65,800		Kingsoft Corp Ltd		262
	54,600	*,e,g	Kuaishou Technology		583
	26,300	*	Kuang-Chi Technologies Co Ltd		91
	15,797		Kweichow Moutai Co Ltd		4,459
	277,064		KWG Group Holdings Ltd		270
	8,800		Lakala Payment Co Ltd		34

199

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	4,360		Laobaixing Pharmacy Chain JSC	$	32
	320,000		Lee & Man Paper Manufacturing Ltd		234
	508,000		Lenovo Group Ltd		663
	56,300		Lens Technology Co Ltd		181
	92,100		Leo Group Co Ltd		36
	1,300		Lepu Medical Technology Beijing Co Ltd		5
	44,900		Leyard Optoelectronic Co Ltd		71
	114,091	*,e	Li Auto, Inc (ADR)		2,999
	467,000		Li Ning Co Ltd		5,383
	18,400		Liaoning Cheng Da Co Ltd		70
	76,100	*	Lingyi iTech Guangdong Co		76
	2,100		Livzon Pharmaceutical Group, Inc		13
	278,000		Logan Property Holdings Co Ltd		290
	30,000		Lomon Billions Group Co Ltd		132
	381,000	g	Longfor Properties Co Ltd		1,741
	69,464		LONGi Green Energy Technology Co Ltd		883
	12,401	*,e	Lufax Holding Ltd		87
	27,500		Luxi Chemical Group Co Ltd		80
	87,609		Luxshare Precision Industry Co Ltd		481
	18,800		Luzhou Laojiao Co Ltd		645
	2,600		Maccura Biotechnology Co Ltd		12
	22,990		Mango Excellent Media Co Ltd		155
	4,080		Maxscend Microelectronics Co Ltd		220
	18,800	*	Meinian Onehealth Healthcare Holdings Co Ltd		22
	835,100	*,g	Meituan Dianping (Class B)		26,658
	88,200		Metallurgical Corp of China Ltd		59
	44,700		Microport Scientific Corp		251
	41,600		Midea Group Co Ltd		447
	22,700		Ming Yang Smart Energy Group Ltd		87
	91,000	e	Ming Yuan Cloud Group Holdings Ltd		315
	156,000		Minth Group Ltd		534
	660,000	*,e	MMG Ltd		274
	8,958		Montage Technology Co Ltd		82
	61,844		Muyuan Foodstuff Co Ltd		492
	33,400		NanJi E-Commerce Co Ltd		34
	1,989		Nanjing King-Friend Biochemical Pharmaceutical Co Ltd		11
	14,400		Nanjing Securities Co Ltd		22
	72,200		NARI Technology Co Ltd		399
	26,646	*	National Silicon Industry Group Co Ltd		117
	6,200		NAURA Technology Group Co Ltd		348
	22,100	*	NavInfo Co Ltd		38
	100,759		NetEase, Inc		8,605
	27,400		New China Life Insurance Co Ltd		170
	225,300		New China Life insurance Co Ltd (Hong Kong)		663
	52,400	*	New Hope Liuhe Co Ltd		119
	323,608	*	New Oriental Education & Technology Group (ADR)		663
	13,000		Ninestar Corp		75
	14,600		Ningbo Joyson Electronic Corp		39
	11,100		Ningbo Tuopu Group Co Ltd		62
	78,300		Ningxia Baofeng Energy Group Co Ltd		193
	275,130	*	NIO, Inc (ADR)		9,803
	2,400	*	Noah Holdings Ltd (ADR)		89
	93,600	g	Nongfu Spring Co Ltd		474
	5,300		Northeast Securities Co Ltd		7
	2,195		NXP Semiconductors NV		430

200

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	26,159	*	Offcn Education Technology Co Ltd	$	44
	179,600		Offshore Oil Engineering Co Ltd		132
	10,800		OFILM Group Co Ltd		14
	24,900	*,e	OneConnect Financial Technology Co Ltd (ADR)		102
	6,740		Oppein Home Group, Inc		135
	31,100		Orient Securities Co Ltd		72
	3,809		Ovctek China, Inc		48
	26,700	*	Pacific Securities Co Ltd		13
	139,500	*	Pangang Group Vanadium Titanium & Resources Co Ltd		103
	2,120,000		People’s Insurance Co Group of China Ltd		658
	91,200		People’s Insurance Co Group of China Ltd (Class A)		71
	11,200		Perfect World Co Ltd		26
	3,100		Pharmaron Beijing Co Ltd		103
	9,600	g	Pharmaron Beijing Co Ltd		229
	1,588,000		PICC Property & Casualty Co Ltd		1,540
	221,475	*	Pinduoduo, Inc (ADR)		20,081
	247,200		Ping An Bank Co Ltd		682
	33,700	*,e,g	Ping An Healthcare and Technology Co Ltd		220
	5,667,203		Ping An Insurance Group Co of China Ltd		38,760
	140,500		Ping An Insurance Group Co of China Ltd (Class A)		1,048
	13,600	e	Poly Property Development Co Ltd		81
	141,800		Poly Real Estate Group Co Ltd		307
	129,100		Postal Savings Bank of China Co Ltd		101
	2,350,000	g	Postal Savings Bank of China Co Ltd		1,616
	90,300		Power Construction Corp of China Ltd		118
	363,000		Powerlong Real Estate Holdings Ltd		274
	1,900		Proya Cosmetics Co Ltd		51
	11,440		Qianhe Condiment and Food Co Ltd		35
	38,600		Qingdao Rural Commercial Bank Corp		23
	4,087		Raytron Technology Co Ltd		55
	47,300		RiseSun Real Estate Development Co Ltd		35
	12,000		Riyue Heavy Industry Co Ltd		64
	134,030	*	RLX Technology, Inc (ADR)		606
	121,350		Rongsheng Petro Chemical Co Ltd		351
	90,500		SAIC Motor Corp Ltd		266
	26,500		Sailun Group Co Ltd		47
	60,400		Sanan Optoelectronics Co Ltd		295
	5,000		Sangfor Technologies, Inc		182
	249,000		Sany Heavy Equipment International		295
	107,800		Sany Heavy Industry Co Ltd		422
	14,896		SDIC Capital Co Ltd		20
	43,400		SDIC Power Holdings Co Ltd		81
	48,700		Sealand Securities Co Ltd		31
	156,000		Seazen Group Ltd		125
	25,900	*	Seazen Holdings Co Ltd		149
	18,700		SF Holding Co Ltd		189
	2,800		SG Micro Corp		143
	150,900		Shaanxi Coal Industry Co Ltd		344
	7,670		Shandong Buchang Pharmaceuticals Co Ltd		22
	47,220		Shandong Gold Mining Co Ltd		143
	172,750	e,g	Shandong Gold Mining Co Ltd		306
	28,450		Shandong Hualu Hengsheng Chemical Co Ltd		144
	15,600		Shandong Linglong Tyre Co Ltd		85
	150,400		Shandong Nanshan Aluminum Co Ltd		101
	2,500		Shandong Pharmaceutical Glass Co Ltd		11

201

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	25,400		Shandong Sun Paper Industry JSC Ltd	$	47
	180,000		Shandong Weigao Group Medical Polymer Co Ltd		319
	20,900		Shanghai Bailian Group Co Ltd		47
	8,480		Shanghai Bairun Investment Holding Group Co Ltd		98
	4,510		Shanghai Baosight Software Co Ltd		46
	51,300		Shanghai Construction Group Co Ltd		33
	205,200		Shanghai Electric Group Co Ltd		165
	8,700		Shanghai Fosun Pharmaceutical Group Co Ltd		70
	204,000	e	Shanghai Fosun Pharmaceutical Group Co Ltd (Hong Kong)		1,044
	13,800	*	Shanghai International Airport Co Ltd		94
	22,400		Shanghai International Port Group Co Ltd		21
	8,100		Shanghai Jahwa United Co Ltd		55
	14,600		Shanghai Jinjiang International Hotels Development Co Ltd		102
	13,460		Shanghai Lingang Holdings Corp Ltd		31
	384,469		Shanghai Lujiazui Finance & Trade Zone Development Co Ltd		348
	10,900		Shanghai M&G Stationery, Inc		115
	12,400		Shanghai Pharmaceuticals Holding Co Ltd		37
	51,400		Shanghai Pharmaceuticals Holding Co Ltd (Hong Kong)		100
	98,500		Shanghai Pudong Development Bank Co Ltd		137
	9,440		Shanghai Putailai New Energy Technology Co Ltd		251
	31,900		Shanghai RAAS Blood Products Co Ltd		34
	33,200		Shanghai Yuyuan Tourist Mart Group Co Ltd		52
	19,000		Shanghai Zhangjiang High-Tech Park Development Co Ltd		50
	55,479		Shanxi Lu’an Environmental Energy Development Co Ltd		128
	72,300	*	Shanxi Meijin Energy Co Ltd		119
	19,330		Shanxi Securities Co Ltd		20
	69,400		Shanxi Taigang Stainless Steel Co Ltd		103
	15,020		Shanxi Xinghuacun Fen Wine Factory Co Ltd		732
	78,270		Shanxi Xishan Coal & Electricity Power Co Ltd		142
	68,000		Shenergy Co Ltd		83
	25,700		Shenghe Resources Holding Co Ltd		79
	29,100		Shengyi Technology Co Ltd		97
	4,680		Shennan Circuits Co Ltd		68
	99,300		Shenwan Hongyuan Group Co Ltd		84
	5,600		Shenzhen Capchem Technology Co Ltd		134
	25,700		Shenzhen Energy Group Co Ltd		37
	5,400		Shenzhen Goodix Technology Co Ltd		92
	5,100		Shenzhen Hepalink Pharmaceutical Group Co Ltd		12
	31,100		Shenzhen Inovance Technology Co Ltd		302
	100,985		Shenzhen International Holdings Ltd		130
	10,760		Shenzhen Investment Holdings Bay Area Development Co Ltd		4
	530,776		Shenzhen Investment Ltd		133
	12,300		Shenzhen Kaifa Technology Co Ltd		27
	2,900		Shenzhen Kangtai Biological Products Co Ltd		49
	5,300		Shenzhen Mindray Bio-Medical Electronics Co Ltd		316
	46,000	*	Shenzhen MTC Co Ltd		35
	96,000		Shenzhen Overseas Chinese Town Co Ltd		111
	4,400	*	Shenzhen Salubris Pharmaceuticals Co Ltd		20
	4,300		Shenzhen SC New Energy Technology Corp		92

202

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	9,700		Shenzhen Sunlord Electronics Co Ltd	$	51
	12,400		Shenzhen Sunway Communication Co Ltd		43
	173,300		Shenzhou International Group Holdings Ltd		3,678
	8,580		Shijiazhuang Yiling Pharmaceutical Co Ltd		22
	273,500		Shimao Property Holdings Ltd		501
	127,000	g	Shimao Services Holdings Ltd		263
	18,900		Sichuan Chuantou Energy Co Ltd		42
	3,700		Sichuan Kelun Pharmaceutical Co Ltd		10
	63,300	†	Sichuan Road & Bridge Co Ltd		82
	6,300		Sichuan Swellfun Co Ltd		123
	172,400		Silergy Corp		25,076
	13,900		Sinolink Securities Co Ltd		24
	18,700		Sinoma Science & Technology Co Ltd		102
	172,400		Sinopec Shanghai Petrochemical Co Ltd (Class A)		113
	98,800		Sinopharm Group Co		259
	8,100		Sinotrans Ltd (Class A)		7
	172,000		Sinotruk Hong Kong Ltd		255
	3,500		Skshu Paint Co Ltd		54
	290,000	g	Smoore International Holdings Ltd		1,350
	40,200		Songcheng Performance Development Co Ltd		87
	21,740		SooChow Securities Co Ltd		33
	29,700		Southwest Securities Co Ltd		23
	5,600	*	Spring Airlines Co Ltd		47
	1,900		StarPower Semiconductor Ltd		119
	418,500	e	Sun Art Retail Group Ltd		194
	561,000		Sunac China Holdings Ltd		1,196
	179,000	g	Sunac Services Holdings Ltd		368
	19,200		Sungrow Power Supply Co Ltd		436
	125,800	*	Suning.com Co Ltd		97
	49,300		Sunny Optical Technology Group Co Ltd		1,291
	21,700		Sunwoda Electronic Co Ltd		125
	4,900		Suofeiya Home Collection Co Ltd		13
	17,700		Suzhou Dongshan Precision Manufacturing Co Ltd		57
	28,500		Suzhou Gold Mantis Construction Decoration Co Ltd		28
	1,100		Suzhou Maxwell Technologies Co Ltd		103
	87,877	*	TAL Education Group (ADR)		425
	12,900		Tangshan Jidong Cement Co Ltd		26
	55,900		TBEA Co Ltd		208
	163,200		TCL Technology Group Corp		157
	5,498,000		Tencent Holdings Ltd		328,223
	46,700	*	Tencent Music Entertainment (ADR)		339
	4,800		Thunder Software Technology Co Ltd		92
	29,300	*	Tianfeng Securities Co Ltd		20
	6,500		Tianjin 712 Communication & Broadcasting Co Ltd		37
	39,600		Tianjin Zhonghuan Semiconductor Co Ltd		280
	19,200		Tianma Microelectronics Co Ltd		40
	35,700		Tianshui Huatian Technology Co Ltd		66
	422,000		Tingyi Cayman Islands Holding Corp		785
	11,240		Toly Bread Co Ltd		51
	68,400	*	Tongcheng-Elong Holdings Ltd		165
	18,400		TongFu Microelectronics Co Ltd		54
	11,600		Tonghua Dongbao Pharmaceutical Co Ltd		19
	28,800		Tongkun Group Co Ltd		97
	166,200		Tongling Nonferrous Metals Group Co Ltd		99
	56,400		Tongwei Co Ltd		442
	1,500	*	Topchoice Medical Corp		70

203

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	10,500		Topsec Technologies Group Inc	$	26
	317,000	g	Topsports International Holdings Ltd		360
	46,900		Transfar Zhilian Co Ltd		60
	70,000		Travelsky Technology Ltd		135
	36,078	*	Trip.com Group Ltd (ADR)		1,109
	110,000		Tsingtao Brewery Co Ltd		865
	9,600		Tsingtao Brewery Co Ltd (Class A)		119
	7,500		Unigroup Guoxin Microelectronics Co Ltd		239
	265,000		Uni-President China Holdings Ltd		252
	35,500		Unisplendour Corp Ltd		136
	14,900		Universal Scientific Industrial Shanghai Co Ltd		32
	17,700	*,e	Up Fintech Holding Ltd (ADR)		187
	18,000	*,e,g	Venus MedTech Hangzhou, Inc		92
	385,267	*	Vipshop Holdings Ltd (ADR)		4,292
	111,300		Walvax Biotechnology Co Ltd		1,080
	9,600		Wangfujing Group Co Ltd		44
	39,900		Wanhua Chemical Group Co Ltd		652
	962,000		Want Want China Holdings Ltd		726
	4,300	*	Weibo Corp (ADR)		204
	137,000		Weichai Power Co Ltd		284
	24,400		Weichai Power Co Ltd (Class A)		64
	8,700		Weifu High-Technology Group Co Ltd		28
	7,500		Weihai Guangwei Composites Co Ltd		76
	363,000	*,e,g	Weimob, Inc		524
	80,140		Wens Foodstuffs Group Co Ltd		179
	26,400		Western Securities Co Ltd		34
	288,000		Wharf Holdings Ltd		953
	10,900		Will Semiconductor Ltd		407
	15,300		Wingtech Technology Co Ltd		220
	8,450		Winning Health Technology Group Co Ltd		19
	754,000		Winteam Pharmaceutical Group Ltd		381
	74,600		Wuchan Zhongda Group Co Ltd		75
	24,928		Wuhan Guide Infrared Co Ltd		90
	27,900	*	Wuhu Shunrong Sanqi Interactive Entertainment Network Technology Co Ltd		90
	30,300		Wuhu Token Science Co Ltd		35
	47,935		Wuliangye Yibin Co Ltd		1,622
	17,650		WUS Printed Circuit Kunshan Co Ltd		30
	10,116		WuXi AppTec Co Ltd		239
	23,985	e,g	WuXi AppTec Co Ltd (Hong Kong)		558
	9,599,350	*,g	Wuxi Biologics Cayman, Inc		155,704
	10,700		Wuxi Lead Intelligent Equipment Co Ltd		114
	3,700		Wuxi Shangji Automation Co Ltd		159
	102,300		XCMG Construction Machinery Co Ltd		110
	68,500		Xiamen C & D, Inc		88
	8,500		Xiamen Intretech, Inc		44
	21,900		Xiamen Tungsten Co Ltd		80
	999,200	*,g	Xiaomi Corp		2,744
	47,600		Xinjiang Goldwind Science & Technology Co Ltd		128
	184,600		Xinjiang Goldwind Science & Technology Co Ltd (Hong Kong)		388
	876,863		Xinyi Solar Holdings Ltd		1,795
	71,689	*	XPeng, Inc (ADR)		2,548
	240,000	g	Yadea Group Holdings Ltd		392
	20,200		Yango Group Co Ltd		13
	5,860		Yantai Eddie Precision Machinery Co Ltd		33

204

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	18,400		Yantai Jereh Oilfield Services Group Co Ltd	$	137
	366,000		Yanzhou Coal Mining Co Ltd		690
	41,000		Yanzhou Coal Mining Co Ltd (Class A)		183
	10,050		Yealink Network Technology Corp Ltd		126
	5,900		Yifan Pharmaceutical Co Ltd		14
	8,282		Yifeng Pharmacy Chain Co Ltd		67
	96,000	e	Yihai International Holding Ltd		535
	16,700		Yihai Kerry Arawana Holdings Co Ltd		179
	29,420		Yintai Gold Co Ltd		39
	6,900		Yixintang Pharmaceutical Group Co Ltd		32
	112,200		Yonghui Superstores Co Ltd		68
	14,559		Yonyou Network Technology Co Ltd		75
	37,700		Youngor Group Co Ltd		37
	8,600		YTO Express Group Co Ltd		19
	18,700	*	Yuan Longping High-tech Agriculture Co Ltd		62
	304,200		Yuexiu Property Co Ltd		285
	316,474		Yum China Holdings, Inc		18,390
	15,080		Yunda Holding Co Ltd		45
	36,800	*	Yunnan Aluminium Co Ltd		83
	4,500		Yunnan Baiyao Group Co Ltd		68
	10,608		Yunnan Energy New Material Co Ltd		459
	21,578	*	Zai Lab Ltd (ADR)		2,274
	2,600		Zhangzhou Pientzehuang Pharmaceutical Co Ltd		152
	273,000	e	Zhaojin Mining Industry Co Ltd		192
	57,100		Zhefu Holding Group Co Ltd		67
	101,320	*	Zhejiang Century Huatong Group Co Ltd		116
	19,500		Zhejiang China Commodities City Group Co Ltd		14
	29,900		Zhejiang Chint Electrics Co Ltd		260
	40,100		Zhejiang Dahua Technology Co Ltd		146
	6,060		Zhejiang Dingli Machinery Co Ltd		66
	122,000		Zhejiang Expressway Co Ltd		101
	4,836		Zhejiang HangKe Technology, Inc Co		61
	6,150		Zhejiang Huahai Pharmaceutical Co Ltd		17
	14,710		Zhejiang Huayou Cobalt Co Ltd		234
	15,800		Zhejiang Jingsheng Mechanical & Electrical Co Ltd		157
	2,500		Zhejiang Jiuzhou Pharmaceutical Co Ltd		21
	42,700		Zhejiang Juhua Co Ltd		98
	47,000		Zhejiang Longsheng Group Co Ltd		98
	13,920		Zhejiang NHU Co Ltd		58
	47,290		Zhejiang Sanhua Intelligent Controls Co Ltd		166
	20,700		Zhejiang Satellite Petrochemical Co Ltd		124
	24,300		Zhejiang Semir Garment Co Ltd		29
	5,600		Zhejiang Supor Co Ltd		40
	21,500		Zhejiang Weixing New Building Materials Co Ltd		56
	2,000		Zhejiang Wolwo Bio-Pharmaceutical Co Ltd		18
	25,600		Zhengzhou Yutong Bus Co Ltd		45
	80,000	e	Zhenro Properties Group Ltd		44
	16,000	*	Zheshang Securities Co Ltd		31
	34,300	*,e,g	ZhongAn Online P&C Insurance Co Ltd		140
	6,800		Zhongji Innolight Co Ltd		36
	77,700		Zhongjin Gold Corp Ltd		100
	120,000		Zhongsheng Group Holdings Ltd		962
	70,900		Zhongtai Securities Co Ltd		104
	7,700	*	Zhongtian Financial Group Co Ltd		3
	41,700	*	Zhuzhou CSR Times Electric Co Ltd		191
	34,000		Zhuzhou Kibing Group Co Ltd		90

205

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	1,248,000		Zijin Mining Group Co Ltd	$	1,516
	255,500		Zijin Mining Group Co Ltd (Class A)		396
	91,600		Zoomlion Heavy Industry Science and Technology Co Ltd		117
	105,400		Zoomlion Heavy Industry Science and Technology Co Ltd		94
	53,900		ZTE Corp		275
	55,000		ZTE Corp (Class H)		180
	31,446		ZTO Express Cayman, Inc (ADR)		964
			TOTAL CHINA		1,130,428
COLOMBIA - 0.0%
	11,425		BanColombia S.A.		99
	91,089		BanColombia S.A. (Preference)		789
	1,348,934		Ecopetrol S.A.		969
	17,248		Grupo de Inversiones Suramericana S.A.		97
	85,503		Interconexion Electrica S.A.		510
			TOTAL COLOMBIA		2,464
CZECH REPUBLIC - 0.0%
	36,138		CEZ AS		1,177
	6,029		Komercni Banka AS		244
	30,196	*,g	Moneta Money Bank AS		122
			TOTAL CZECH REPUBLIC		1,543
DENMARK - 0.4%
	102,764		Carlsberg AS (Class B)		16,765
	71,105		Coloplast AS		11,118
	32,367	*	Genmab AS		14,142
	703,871		Novo Nordisk AS		67,846
	78,081	g	Orsted AS		10,292
			TOTAL DENMARK		120,163
EGYPT - 0.0%
	114,549	*	Commercial International Bank		310
	262,432		Eastern Tobacco		205
	94,370	*	Fawry for Banking & Payment Technology Services SAE		85
			TOTAL EGYPT		600
FINLAND - 0.5%
	91,213		Cargotec Corp (B Shares)		4,617
	880,073	e	Neste Oil Oyj		49,647
	3,601,518	*	Nordea Bank Abp		46,678
	843,211	*,e	Nordea Bank Abp		10,866
	371,017		Sampo Oyj (A Shares)		18,343
	88,489		Stora Enso Oyj (R Shares)		1,474
	715,699		Wartsila Oyj (B Shares)		8,524
			TOTAL FINLAND		140,149
FRANCE - 3.6%
	345,689	*	Accor S.A.		12,326
	50,752		Air Liquide		8,128
	1,015,857	*	Airbus SE		134,678
	1,206,722	e	BNP Paribas S.A.		77,207

206

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	562,832		Cap Gemini S.A.	$	116,718
	544,578		Compagnie de Saint-Gobain		36,649
	688,551		Credit Agricole S.A.		9,464
	289,987		Danone		19,771
	1,555,547		Dassault Systemes SE		81,861
	112,490		Electricite de France		1,414
	362,232		Engie S.A.		4,739
	252,704		Essilor International S.A.		48,290
	6,947		Gecina S.A.		935
	9,406		Icade		735
	142,614		Kering		101,293
	169,425		L’Oreal S.A.		70,109
	55,171		LVMH Moet Hennessy Louis Vuitton S.A.		39,517
	109,641	e	Michelin (C.G.D.E.) (Class B)		16,812
	365,090		Orange S. A.		3,948
	9,386		Pernod-Ricard S.A.		2,069
	171,971		Sanofi-Aventis		16,555
	16,604		Sartorius Stedim Biotech		9,278
	75,614		Suez Environnement S.A.		1,724
	138,139		Teleperformance		54,335
	257,594	e	Total S.A.		12,313
	1,099,523		Valeo S.A.		30,685
	102,859		Veolia Environnement		3,143
	1,919,630	*	Vivendi SE		51,399
	1,919,630	e	Vivendi Universal S.A.		24,168
			TOTAL FRANCE		990,263
GERMANY - 2.1%
	65,446		Adidas-Salomon AG.		20,567
	45,385		Allianz AG.		10,168
	521,229		Aroundtown S.A.		3,591
	283,996		Bayer AG.		15,414
	237,716		Beiersdorf AG.		25,650
	25,000	*	BioNTech SE (ADR)		6,825
	708,176	*,e	Borussia Dortmund GmbH & Co KGaA		3,953
	86,870		Deutsche Annington Immobilien SE		5,222
	98,494		Deutsche Boerse AG.		15,982
	701,886		Deutsche Telekom AG.		14,076
	69,496		Deutsche Wohnen AG.		4,249
	447,625		E.ON AG.		5,464
	157,662		Fresenius SE		7,546
	899,774		HeidelbergCement AG.		67,126
	231,991	*	HelloFresh SE		21,382
	39,219		Henkel KGaA		3,374
	1,591,925		Infineon Technologies AG.		65,107
	12,159		LEG Immobilien AG.		1,717
	50,413		Merck KGaA		10,911
	1,118	*	OSRAM Licht AG.		72
	731,807	*	Paion AG.		1,487
	2,251,619		RWE AG.		79,411
	1,046,642		Siemens AG.		171,179
	291,148	g	Siemens Healthineers AG.		18,883
			TOTAL GERMANY		579,356
GREECE - 0.0%
	486,574	*	Alpha Bank AE		610

207

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	539,714	*	Eurobank Ergasias S.A.	$	502
	5,760	*,†	FF Group		0	^
	47,703		Hellenic Telecommunications Organization S.A.		896
	21,120		JUMBO S.A.		344
	40,784		OPAP S.A.		631
			TOTAL GREECE		2,983
HONG KONG - 0.3%
	2,513,700		AIA Group Ltd		28,919
	2,380,000	*	Alibaba Pictures Group Ltd		268
	272,800		Bank of East Asia Ltd		440
	220,000	*,e	Cathay Pacific Airways Ltd		184
	972,000	*	China Youzan Ltd		122
	109,730		CK Infrastructure Holdings Ltd		612
	342,000		CLP Holdings Ltd		3,293
	694,000		Hang Lung Properties Ltd		1,582
	159,000		Hang Seng Bank Ltd		2,723
	260,000		Henderson Land Development Co Ltd		993
	2,181,806		Hong Kong & China Gas Ltd		3,296
	253,212		Hong Kong Electric Holdings Ltd		1,484
	250,482		Hong Kong Exchanges and Clearing Ltd		15,392
	434,300	e	Hongkong Land Holdings Ltd		2,074
	203,000	e	Huabao International Holdings Ltd		397
	219,000		Kingboard Laminates Holdings Ltd		358
	260,600		Link REIT		2,232
	1,504,446	*	Melco Crown Entertainment Ltd (ADR)		15,406
	304,000		New World Development Co Ltd		1,236
	385,000		Nine Dragons Paper Holdings Ltd		470
	749,250		Sino Biopharmaceutical		622
	88,000		SSY Group Ltd		47
	263,000	e	Sun Hung Kai Properties Ltd		3,284
	69,000	e	Vinda International Holdings Ltd		204
	216,000		Wharf Real Estate Investment Co Ltd		1,110
			TOTAL HONG KONG		86,748
HUNGARY - 0.0%
	104,736		MOL Hungarian Oil & Gas plc		870
	139,844	*	OTP Bank		8,183
	48,205		Richter Gedeon Rt		1,318
			TOTAL HUNGARY		10,371
INDIA - 0.8%
	58,189		Adani Enterprises Ltd		1,147
	57,805		Adani Gas Ltd		1,108
	81,011	*	Adani Green Energy Ltd		1,250
	109,476		Adani Ports & Special Economic Zone Ltd		1,084
	57,601	*	Adani Transmissions Ltd		1,204
	144,723		Ambuja Cements Ltd		778
	30,611		Apollo Hospitals Enterprise Ltd		1,842
	80,798		Asian Paints Ltd		3,522
	17,406		Associated Cement Co Ltd		527
	19,967		Aurobindo Pharma Ltd		194
	34,058	*,g	Avenue Supermarts Ltd		1,944
	490,988	*	Axis Bank Ltd		5,034
	52,422		Bajaj Finance Ltd		5,394
	2,629		Bajaj Finserv Ltd		628

208

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	14,022		Bajaj Holdings and Investment Ltd	$	722
	17,314		Balkrishna Industries Ltd		589
	45,891	g	Bandhan Bank Ltd		174
	53,461		Berger Paints India Ltd		581
	261,529		Bharat Electronics Ltd		711
	46,874		Bharat Forge Ltd		463
	192,820		Bharat Petroleum Corp Ltd		1,118
	517,418	*	Bharti Airtel Ltd		4,783
	82,221	*	Biocon Ltd		401
	22,199		Britannia Industries Ltd		1,179
	83,335		Cholamandalam Investment and Finance Co Ltd		629
	32,776		Cipla Ltd		433
	366,035		Coal India Ltd		910
	26,211		Colgate-Palmolive India Ltd		588
	52,781		Container Corp Of India Ltd		498
	133,470		Dabur India Ltd		1,108
	58,606		Divi S Laboratories Ltd		3,784
	129,838		DLF Ltd		724
	27,321		Dr Reddy’s Laboratories Ltd		1,792
	28,300		Eicher Motors Ltd		1,059
	345,552		GAIL India Ltd		736
	74,824	*	Godrej Consumer Products Ltd		1,035
	55,266		Grasim Industries Ltd		1,238
	48,567		Havells India Ltd		893
	75,446		HCL Technologies Ltd		1,294
	3,185	g	HDFC Asset Management Co Ltd		124
	172,760	g	HDFC Life Insurance Co Ltd		1,677
	25,125		Hero Honda Motors Ltd		958
	331,663		Hindalco Industries Ltd		2,171
	172,618		Hindustan Lever Ltd		6,277
	162,806		Hindustan Petroleum Corp Ltd		656
	287,443		Housing Development Finance Corp		10,623
	1,806,325		ICICI Bank Ltd		16,974
	44,222	g	ICICI Lombard General Insurance Co Ltd		945
	75,631	g	ICICI Prudential Life Insurance Co Ltd		683
	460,821		Indian Oil Corp Ltd		773
	59,323		Indraprastha Gas Ltd		425
	142,210		Indus Towers Ltd		588
	15,982		Info Edge India Ltd		1,379
	728,388		Infosys Technologies Ltd		16,331
	19,015	*,g	InterGlobe Aviation Ltd		517
	54,563		Ipca Laboratories Ltd		1,766
	613,830		ITC Ltd		1,946
	176,963		JSW Steel Ltd		1,581
	17,120		Jubilant Foodworks Ltd		930
	124,472		Kotak Mahindra Bank Ltd		3,350
	10,936	g	Larsen & Toubro Infotech Ltd		846
	146,020		Larsen & Toubro Ltd		3,340
	14,659		Lupin Ltd		187
	181,007		Mahindra & Mahindra Ltd		1,949
	110,939		Marico Ltd		819
	28,359		Maruti Suzuki India Ltd		2,797
	189,109		MindTree Ltd		10,649
	263,542		Motherson Sumi Systems Ltd		798
	376		MRF Ltd		400
	7,561		Muthoot Finance Ltd		147

209

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	7,111		Nestle India Ltd	$	1,858
	1,065,220		NTPC Ltd		2,029
	1,143		Page Industries Ltd		487
	172,458		Petronet LNG Ltd		553
	18,169		PI Industries Ltd		776
	32,490		Pidilite Industries Ltd		1,040
	57,379		Piramal Healthcare Ltd		1,995
	689,615		Power Grid Corp of India Ltd		1,758
	66,471		REC Ltd		141
	600,333		Reliance Industries Ltd		20,318
	48,184	*	SBI Cards & Payment Services Ltd		665
	92,324	g	SBI Life Insurance Co Ltd		1,510
	251,554		Sesa Sterlite Ltd		968
	2,233		Shree Cement Ltd		868
	14,661		Shriram Transport Finance Co Ltd		255
	16,098		Siemens India Ltd		461
	1,122,300		State Bank of India		6,803
	257,379		Sun Pharmaceutical Industries Ltd		2,832
	197,099		Tata Consultancy Services Ltd		9,989
	350,728	*	Tata Motors Ltd		1,559
	152,321		Tata Steel Ltd		2,621
	123,973		Tata Tea Ltd		1,355
	43,992		Tech Mahindra Ltd		814
	73,515		Titan Industries Ltd		2,134
	9,922		Torrent Pharmaceuticals Ltd		411
	36,452		Trent Ltd		502
	21,036		Ultra Tech Cement Ltd		2,087
	58,323	*	United Spirits Ltd		667
	105,740		UPL Ltd		1,005
	95,043		Wipro Ltd		807
	780,597	*	Yes Bank Ltd		131
			TOTAL INDIA		215,103
INDONESIA - 0.1%
	3,890,000		Adaro Energy Tbk		475
	4,183,200		Astra International Tbk PT		1,597
	2,219,200		Bank Central Asia Tbk PT		5,405
	71,851,693		Bank Rakyat Indonesia		19,152
	504,800		Indofood CBP Sukses Makmur Tbk		294
	4,174,500		Kalbe Farma Tbk PT		416
	2,228,800	*	Merdeka Copper Gold Tbk PT		390
	1,732,900		PT Aneka Tambang Tbk		275
	1,238,447		PT Bank Mandiri Persero Tbk		529
	504,000		PT Bank Negara Indonesia		188
	5,682,600		PT Barito Pacific Tbk		381
	1,473,400		PT Charoen Pokphand Indonesia Tbk		658
	107,000		PT Gudang Garam Tbk		243
	573,800		PT Indah Kiat Pulp and Paper Corp Tbk		341
	332,600		PT Indocement Tunggal Prakarsa Tbk		242
	857,000		PT Indofood Sukses Makmur Tbk		379
	614,700		PT Semen Gresik Persero Tbk		349
	1,678,200		PT Unilever Indonesia Tbk		463
	358,900		PT United Tractors Tbk		646
	4,723,500		Sarana Menara Nusantara Tbk PT		435
	3,452,700		Telkom Indonesia Persero Tbk PT		884
	1,650,200		Tower Bersama Infrastructure		340
			TOTAL INDONESIA		34,082

210

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
IRELAND - 0.7%
	6,064,954	*	AIB Group plc	$	16,509
	2,990,659	*	Bank of Ireland Group plc		17,737
	1,463,954		CRH plc		69,091
	172,138	*	Flutter Entertainment plc		33,859
	9,418,631		Hibernia REIT plc		12,743
	15,442		Kerry Group plc (Class A)		2,075
	509,386	*	Keywords Studios plc		19,986
	28,918	*	Prothena Corp plc		2,060
	462,226		Smurfit Kappa Group plc		24,335
			TOTAL IRELAND		198,395
ISRAEL - 0.2%
	236,106		Bank Hapoalim Ltd		2,074
	302,101		Bank Leumi Le-Israel		2,560
	242,033	*	Israel Discount Bank Ltd		1,278
	290,076	*	Kornit Digital Ltd		41,985
	29,153		Mizrahi Tefahot Bank Ltd		982
			TOTAL ISRAEL		48,879
ITALY - 0.8%
	394,415		Amplifon S.p.A.		18,745
	3,331,912		Davide Campari-Milano NV		46,804
	41,808		DiaSorin S.p.A.		8,755
	8,899,994		Enel S.p.A.		68,309
	121,505		Ferrari NV		25,358
	2,742,297		Intesa Sanpaolo S.p.A.		7,764
	637,959		Moncler S.p.A		38,910
	1,916,181		Prada S.p.A		10,464
			TOTAL ITALY		225,109
JAPAN - 5.9%
	83,000	e	Acom Co Ltd		303
	301		Activia Properties Inc		1,231
	200		Aeon Mall Co Ltd		3
	326,800		Aisin Seiki Co Ltd		11,842
	10,008	*	All Nippon Airways Co Ltd		260
	24,500	e	Aozora Bank Ltd		599
	200,000		Asahi Intecc Co Ltd		5,478
	235,579		Asahi Kasei Corp		2,524
	444,100		Astellas Pharma, Inc		7,309
	11,900		Bank of Kyoto Ltd		547
	39,000		BayCurrent Consulting, Inc		19,528
	416,700		Benefit One, Inc		19,645
	68,137		Central Japan Railway Co		10,876
	110,200		Chiba Bank Ltd		714
	157,300		Chubu Electric Power Co, Inc		1,859
	213,800		Concordia Financial Group Ltd		842
	72,800		Daifuku Co Ltd		6,828
	224,200		Dai-ichi Mutual Life Insurance Co		4,903
	2,142,691		Daiichi Sankyo Co Ltd		56,955
	127,931		Daikin Industries Ltd		27,894
	6,300		Daito Trust Construction Co Ltd		739
	298		Daiwa House REIT Investment Corp		875

211

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	300,300		Daiwa Securities Group, Inc	$	1,750
	142,086		East Japan Railway Co		10,042
	24,000		Eisai Co Ltd		1,798
	567,000		ENEOS Holdings, Inc		2,303
	290,600	*	Fanuc Ltd		63,717
	6,600		Fast Retailing Co Ltd		4,868
	35,800		Fukuoka Financial Group, Inc		641
	147,099		GMO Payment Gateway, Inc		18,573
	253,600	*	Hitachi Construction Machinery Co Ltd		7,125
	2,077,164	*	Hitachi Ltd		122,886
	37,385	*	Hitachi Metals Ltd		722
	143,300		Hulic Co Ltd		1,596
	692		Hulic Reit, Inc		1,088
	39,437		Idemitsu Kosan Co Ltd		1,037
	6,700,300		Infomart Corp		60,488
	174,174		Inpex Holdings, Inc		1,356
	8		Invincible Investment Corp		3
	142,200		IR Japan Holdings Ltd		15,662
	715,800		Japan Elevator Service Holdings Co Ltd		16,461
	84,100		Japan Post Bank Co Ltd		721
	327,600		Japan Post Holdings Co Ltd		2,754
	46,800		Japan Post Insurance Co Ltd		849
	4		Japan Retail Fund Investment Corp		4
	209,640		Japan Tobacco, Inc		4,108
	95,509		JFE Holdings, Inc		1,432
	448,700		JGC Corp		4,174
	36,173		JSR Corp		1,300
	303,900		Kansai Electric Power Co, Inc		2,945
	38,101		Kansai Paint Co Ltd		945
	102,000		Kao Corp		6,070
	331,300		KDDI Corp		10,907
	61		Kenedix Realty Investment Corp		419
	139,700		Keyence Corp		83,383
	48,051		Kyushu Electric Power Co, Inc		365
	192,900		Mebuki Financial Group Inc		423
	261,801		Mitsubishi Chemical Holdings Corp		2,383
	338,073		Mitsubishi Estate Co Ltd		5,383
	33,500		Mitsubishi Gas Chemical Co, Inc		661
	2,541,700		Mitsubishi UFJ Financial Group, Inc		15,025
	83,700		Mitsubishi UFJ Lease & Finance Co Ltd		438
	822,000		Mitsui & Co Ltd		17,975
	34,301		Mitsui Chemicals, Inc		1,146
	5,150		Mitsui Fudosan Co Ltd		122
	1,117		Mitsui Fudosan Logistics Park, Inc		5,921
	501,600		Mizuho Financial Group, Inc		7,096
	1,188,950		MonotaRO Co Ltd		26,645
	262		Mori Hills REIT Investment Corp		355
	92,500		MS&AD Insurance Group Holdings Inc		3,094
	213,361		Nintendo Co Ltd		101,962
	147,600		Nippon Paint Co Ltd		1,607
	140,901		Nippon Steel Corp		2,534
	258,300		Nippon Telegraph & Telephone Corp		7,157
	22,439		Nissan Chemical Industries Ltd		1,312
	30,200		Nitto Denko Corp		2,150
	653,800	*	Nomura Holdings, Inc		3,223
	713		Nomura Real Estate Master Fund, Inc		1,026

212

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	156,495		OJI Paper Co Ltd	$	789
	130,811		Omron Corp		12,944
	33,700		Oriental Land Co Ltd		5,452
	273,100		ORIX Corp		5,110
	483		Orix JREIT, Inc		841
	105,900		Osaka Securities Exchange Co Ltd		2,626
	331,400		Paltac Corp		15,009
	456,100		Panasonic Corp		5,654
	2,277,400		Recruit Holdings Co Ltd		139,208
	434,900		Resona Holdings, Inc		1,740
	49,100	*	SBI Holdings, Inc		1,203
	127,600		Sekisui House Ltd		2,672
	103,300		Seven & I Holdings Co Ltd		4,703
	122,600		Seven Bank Ltd		273
	99,498	*	SHIFT, Inc		21,171
	32,200	*,e	Shinsei Bank Ltd		540
	22,000		Shiseido Co Ltd		1,479
	86,600	e	Shizuoka Bank Ltd		712
	454,300		SMS Co Ltd		16,550
	69,800		Sompo Holdings, Inc		3,028
	1,803,965		Sony Corp		200,274
	3,041		Star Asia Investment Corp		1,563
	2,700,700		Sumco Corp		53,880
	294,200		Sumitomo Chemical Co Ltd		1,527
	60,101		Sumitomo Heavy Industries Ltd		1,566
	45,700		Sumitomo Metal Mining Co Ltd		1,653
	1,643,601		Sumitomo Mitsui Financial Group, Inc		57,821
	70,300		Sumitomo Mitsui Trust Holdings, Inc		2,421
	20		Sumitomo Realty & Development Co Ltd		1
	78,900		Sysmex Corp		9,800
	111,800		T&D Holdings, Inc		1,534
	21,882		Taiyo Nippon Sanso Corp		548
	605,397		TechnoPro Holdings, Inc		18,206
	200,000		Terumo Corp		9,444
	131,300		Tokio Marine Holdings, Inc		7,038
	8,900		Tokyo Century Corp		501
	313,000	*	Tokyo Electric Power Co, Inc		891
	164,800		Tokyo Gas Co Ltd		3,066
	232,300		Tokyo Tatemono Co Ltd		3,679
	269,301		Toray Industries, Inc		1,711
	53,921		Tosoh Corp		977
	8,153,610	*	Toyota Motor Corp		145,276
	441		United Urban Investment Corp		596
			TOTAL JAPAN		1,607,561
KOREA, REPUBLIC OF - 1.6%
	1,880	*	Alteogen, Inc		114
	6,693		Amorepacific Corp		1,001
	1,515		BGF retail Co Ltd		216
	5,918	*	Celltrion Healthcare Co Ltd		541
	1,078	*	Celltrion Pharm Inc		132
	20,234	*	Celltrion, Inc		4,395
	13,922		Cheil Communications, Inc		266
	1,583		CJ CheilJedang Corp		545
	3,013		CJ Corp		249
	2,252		CJ O Shopping Co Ltd		285

213

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	761,024	*	Coupang, Inc	$	21,195
	11,158		Coway Co Ltd		696
	2,016	*	Daewoo Shipbuilding & Marine Engineering Co Ltd		45
	9,443		Dongbu Insurance Co Ltd		505
	10,527	*	Doosan Bobcat, Inc		351
	18,824	*	Doosan Heavy Industries and Construction Co Ltd		324
	3,786		DuzonBIzon Co Ltd		304
	2,276		Ecopro BM Co Ltd		884
	3,940		E-Mart Co Ltd		542
	10,024		Fila Korea Ltd		357
	1,170		Green Cross Corp		325
	4,329		GS Engineering & Construction Corp		154
	9,874		GS Holdings Corp		369
	66,993		Hana Financial Group, Inc		2,604
	15,161		Hankook Tire Co Ltd		549
	522		Hanmi Pharm Co Ltd		121
	36,637		Hanon Systems		480
	25,915	*	Hanwha Chemical Corp		966
	19,017	*,e	HLB, Inc		902
	3,764		Honam Petrochemical Corp		758
	6,877		Hotel Shilla Co Ltd		499
	2,834	*	HYBE Co Ltd		707
	286,121		Hynix Semiconductor, Inc		24,494
	5,588		Hyundai Engineering & Construction Co Ltd		239
	3,886		Hyundai Glovis Co Ltd		538
	2,682	*	Hyundai Heavy Industries		228
	18,028	*	Hyundai Merchant Marine Co Ltd		508
	13,885		Hyundai Mobis		2,930
	28,948		Hyundai Motor Co		4,819
	7,598		Hyundai Motor Co Ltd (2nd Preference)		605
	4,842		Hyundai Motor Co Ltd (Preference)		390
	3,688		Hyundai Robotics Co Ltd		200
	18,797		Hyundai Steel Co		738
	18,265		Industrial Bank of Korea		161
	21,749		Kakao Corp		2,139
	298,635	*,e	KakaoBank Corp		17,252
	19,363	*	Kangwon Land, Inc		465
	194,721		KB Financial Group, Inc		9,056
	54,668		Kia Motors Corp		3,692
	17,593		Korea Aerospace Industries Ltd		485
	18,981		Korea Electric Power Corp		376
	1,977	*	Korea Express Co Ltd		254
	2,894		Korea Investment Holdings Co Ltd		208
	1,268		Korea Kumho Petrochemical		199
	1,723		Korea Zinc Co Ltd		727
	12,219	*	Korean Air Lines Co Ltd		344
	23,717		KT&G Corp		1,623
	122,227		LG Chem Ltd		79,273
	1,615		LG Chem Ltd (Preference)		508
	18,170		LG Corp		1,415
	16,056	*,e	LG Display Co Ltd		253
	7,358		LG Electronics, Inc		782
	1,950		LG Household & Health Care Ltd		2,198
	469		LG Household & Health Care Ltd (Preference)		253
	883		LG Innotek Co Ltd		153
	12,869		LG Telecom Ltd		162

214

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	2,542		Lotte Shopping Co Ltd	$	217
	16,271		Meritz Securities Co Ltd		67
	18,067		Mirae Asset Daewoo Co Ltd		130
	59,655		Naver Corp		19,356
	1,170		NCsoft		593
	1,577	g	Netmarble Corp		156
	4,706		Orion Corp/Republic of Korea		464
	5,596		Pacific Corp		230
	18,957		Pan Ocean Co Ltd		119
	2,160	*	Pearl Abyss Corp		146
	15,814		POSCO		4,355
	6,278		POSCO Refractories & Environment Co Ltd		924
	4,235		S1 Corp (Korea)		299
	5,195	*,g	Samsung Biologics Co Ltd		3,812
	17,918		Samsung C&T Corp		1,847
	3,710		Samsung Electro-Mechanics Co Ltd		549
	2,703,887		Samsung Electronics Co Ltd		167,626
	56,798		Samsung Electronics Co Ltd (Preference)		3,314
	10,578	*	Samsung Engineering Co Ltd		225
	6,479		Samsung Fire & Marine Insurance Co Ltd		1,280
	33,508	*	Samsung Heavy Industries Co Ltd		174
	14,697		Samsung Life Insurance Co Ltd		902
	3,816		Samsung SDI Co Ltd		2,277
	2,311		Samsung SDS Co Ltd		310
	4,035		Samsung Securities Co Ltd		161
	25,532	e	Seegene, Inc		1,295
	2,293		Shin Poong Pharmaceutical Co Ltd		109
	96,866		Shinhan Financial Group Co Ltd		3,272
	1,497		Shinsegae Co Ltd		330
	4,141	*	SK Biopharmaceuticals Co Ltd		354
	4,049	*	SK Bioscience Co Ltd		925
	1,566		SK Chemicals Co Ltd		371
	6,968		SK Holdings Co Ltd		1,557
	3,013	*,g	SK IE Technology Co Ltd		571
	10,869	*	SK Innovation Co Ltd		2,393
	709		SK Telecom Co Ltd		193
	4,230		SKC Co Ltd		591
	10,520		S-Oil Corp		966
	34,595		Woori Financial Group, Inc		338
	8,788		Woori Investment & Securities Co Ltd		95
	3,965		Yuhan Corp		205
			TOTAL KOREA, REPUBLIC OF		422,146
KUWAIT - 0.0%
	246,218		Agility Public Warehousing Co KSC		802
	93,066	*	Boubyan Bank KSCP		237
	365,325		Kuwait Finance House		996
	130,869		Mabanee Co KPSC		334
	457,413		Mobile Telecommunications Co KSC		907
	1,114,558		National Bank of Kuwait SAKP		3,522
			TOTAL KUWAIT		6,798
LUXEMBOURG - 0.1%
	1,143,156		ArcelorMittal		34,995
	7,014		Reinet Investments S.C.A		132
			TOTAL LUXEMBOURG		35,127

215

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
MACAU - 0.0%
	285,000	*	Galaxy Entertainment Group Ltd	$	1,462
			TOTAL MACAU		1,462
MALAYSIA - 0.1%
	106,300	*	AMMB Holdings BHD		81
	150,543		Axiata Group Bhd		140
	441,230		Bumiputra-Commerce Holdings BHD		502
	916,000		Dialog Group BHD		522
	191,700		Digi.Com BHD		203
	23,500		Fraser & Neave Holdings BHD		150
	460,000		Genting BHD		554
	608,300		Genting Malaysia BHD		435
	118,500		HAP Seng Consolidated BHD		224
	119,500		Hartalega Holdings BHD		175
	54,700		Hong Leong Bank BHD		247
	9,300		Hong Leong Credit BHD		41
	838,900		IHH Healthcare BHD		1,343
	512,100		IOI Corp BHD		461
	85,900		Kossan Rubber Industries		47
	96,930		Kuala Lumpur Kepong BHD		466
	249,107		Malayan Banking BHD		479
	231,400	*	Malaysia Airports Holdings BHD		381
	146,800		Maxis BHD		164
	349,400		MISC BHD		574
	13,700		Nestle Malaysia BHD		435
	501,500		Petronas Chemicals Group BHD		1,042
	69,000		Petronas Dagangan BHD		314
	218,000		Petronas Gas BHD		876
	134,980		PPB Group BHD		592
	622,800		Press Metal BHD		854
	3,167,000		Public Bank BHD		3,079
	172,650		QL Resources BHD		222
	97,288		RHB Capital BHD		126
	538,800		Sime Darby BHD		292
	359,500		Sime Darby Plantation BHD		307
	1,153	*	SP Setia BHD		0	^
	100,748		Supermax Corp BHD		57
	89,000		Telekom Malaysia BHD		121
	533,200		Tenaga Nasional BHD		1,230
	376,400		Top Glove Corp BHD		259
	196,100		Westports Holdings BHD		211
			TOTAL MALAYSIA		17,206
MEXICO - 0.1%
	7,231,200		America Movil S.A.B. de C.V.		6,397
	93,500		Becle SAB de C.V.		203
	3,165,894	*	Cemex S.A. de C.V.		2,284
	111,885		Coca-Cola Femsa SAB de C.V.		630
	98,200		Embotelladoras Arca SAB de C.V.		599
	696,500		Fibra Uno Administracion S.A. de C.V.		790
	417,600		Fomento Economico Mexicano S.A. de C.V.		3,626
	44,100		Gruma SAB de C.V.		505
	79,500		Grupo Aeroportuario del Pacifico S.A. de C.V. (B Shares)		924

216

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	43,675		Grupo Aeroportuario del Sureste S.A. de C.V. (Class B)	$	816
	306,900		Grupo Bimbo S.A. de C.V. (Series A)		863
	98,300		Grupo Carso S.A. de C.V. (Series A1)		337
	589,200		Grupo Financiero Banorte S.A. de C.V.		3,784
	129,727	*	Grupo Financiero Inbursa S.A.		121
	643,800		Grupo Mexico S.A. de C.V. (Series B)		2,570
	506,100		Grupo Televisa S.A.		1,116
	29,195	*	Industrias Penoles S.A. de C.V.		344
	307,700		Kimberly-Clark de Mexico S.A. de C.V. (Class A)		507
	64,500		Megacable Holdings SAB de C.V.		197
	215,300		Orbia Advance Corp SAB de C.V.		552
	43,000		Promotora y Operadora de Infraestructura SAB de C.V.		298
	248,800	*,e	Telesites SAB de C.V.		216
	1,113,900		Wal-Mart de Mexico SAB de C.V.		3,784
			TOTAL MEXICO		31,463
NETHERLANDS - 2.2%
	34,094	*,g	Adyen NV		95,305
	128,038		Akzo Nobel NV		13,990
	3,747	*	Argenx SE		1,126
	22,493	*	Argenx SE		6,797
	311,803		ASML Holding NV		232,935
	114,252	g	Euronext NV		12,930
	59,599		Heineken NV		6,221
	13,940,788	e	ING Groep NV		202,678
	258,935		Koninklijke Ahold Delhaize NV		8,622
	643,672		Koninklijke KPN NV		2,026
	105,194		Royal Dutch Shell plc (A Shares)		2,339
	210,499		Royal Dutch Shell plc (B Shares)		4,664
			TOTAL NETHERLANDS		589,633
NEW ZEALAND - 0.0%
	387,651		Fisher & Paykel Healthcare Corp		8,527
			TOTAL NEW ZEALAND		8,527
NORWAY - 0.4%
	1,178,178	e	Aker BP ASA		38,188
	1,549,170		Equinor ASA		39,397
	183,543		Gjensidige Forsikring BA		4,065
	2,522,793		Norsk Hydro ASA		18,830
			TOTAL NORWAY		100,480
PAKISTAN - 0.0%
	36,721		Habib Bank Ltd		23
	21,686	*	Lucky Cement Ltd		92
	45,086		MCB Bank Ltd		40
			TOTAL PAKISTAN		155
PERU - 0.0%
	48,400	*,e	Cia de Minas Buenaventura S.A. (ADR) (Series B)		327
	15,000		Credicorp Ltd (NY)		1,664
	18,196		Southern Copper Corp (NY)		1,022
			TOTAL PERU		3,013

217

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
PHILIPPINES - 0.1%
	388,460		Aboitiz Equity Ventures, Inc	$	370
	19,040		Ayala Corp		305
	1,676,870		Ayala Land, Inc		1,101
	122,450		Bank of the Philippine Islands		196
	125,990		BDO Unibank, Inc		273
	2,000		Globe Telecom, Inc		117
	19,314		GT Capital Holdings, Inc		192
	226,280		International Container Term Services, Inc		865
	600,415		JG Summit Holdings (Series B)		765
	89,460		Jollibee Foods Corp		360
	66,500		Manila Electric Co		387
	698,900		Metro Pacific Investments Corp		50
	119,923		Metropolitan Bank & Trust		103
	6,055		PLDT, Inc		199
	5,826,950		Robinsons Retail Holdings, Inc		5,917
	20,170		SM Investments Corp		391
	2,079,500		SM Prime Holdings		1,330
	192,580		Universal Robina		513
			TOTAL PHILIPPINES		13,434
POLAND - 0.1%
	892,286	*,g	Allegro.eu S.A.		12,978
	13,690		Bank Pekao S.A.		354
	2,480	*	Bank Zachodni WBK S.A.		187
	4,942		CD Projekt Red S.A.		238
	54,256		Cyfrowy Polsat S.A.		485
	9,740	*,g	Dino Polska S.A.		814
	177,920	*	InPost S.A.		2,952
	27,541		KGHM Polska Miedz S.A.		1,085
	229		LPP S.A.		852
	188,128	*	PGE Polska Grupa Energetyczna S.A.		420
	69,438		Polski Koncern Naftowy Orlen S.A.		1,431
	433,882		Polskie Gornictwo Naftowe i Gazownictwo S.A.		705
	60,605	*	Powszechna Kasa Oszczednosci Bank Polski S.A.		642
	125,472		Powszechny Zaklad Ubezpieczen S.A.		1,148
	123,593	*	Telekomunikacja Polska S.A.		250
			TOTAL POLAND		24,541
PORTUGAL - 0.1%
	2,189,440		Energias de Portugal S.A.		11,501
	842,501		Jeronimo Martins SGPS S.A.		16,796
			TOTAL PORTUGAL		28,297
QATAR - 0.0%
	411,574		Barwa Real Estate Co		355
	139,653		Commercial Bank of Qatar QSC		236
	305,875		Industries Qatar QSC		1,298
	309,193		Masraf Al Rayan		380
	833,009		Mesaieed Petrochemical Holding Co		514
	174,581		Ooredoo QSC		352
	115,004		Qatar Electricity & Water Co		535
	122,693		Qatar Fuel QSC		604
	549,287		Qatar Gas Transport Co Ltd		467
	39,395		Qatar International Islamic Bank QSC		105

218

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	81,534		Qatar Islamic Bank SAQ	$	409
	315,250		Qatar National Bank		1,658
			TOTAL QATAR		6,913
ROMANIA - 0.0%
	94,188		NEPI Rockcastle plc		654
			TOTAL ROMANIA		654
RUSSIA - 0.9%
	516,817		Gazprom (ADR)		5,137
	758,416		Gazprom OAO (ADR)		7,496
	89,084		LUKOIL PJSC (ADR)		8,433
	71,954		Magnit PJSC (GDR)		1,212
	22,410	*	Mail.Ru Group Ltd		461
	133,649		MMC Norilsk Nickel PJSC (ADR)		3,999
	108,600		Mobile TeleSystems (ADR)		1,047
	19,956		Novatek PJSC (GDR)		5,270
	33,195		Novolipetsk Steel PJSC (GDR)		987
	11,000	*	Ozon Holdings plc (ADR)		555
	32,947		PhosAgro PJSC (GDR)		734
	77,736		Polymetal International plc		1,313
	12,630		Polyus PJSC (GDR)		1,032
	1,594		Polyus PJSC (GDR)		131
	270,263	*	Rosneft Oil Co PJSC (GDR)		2,284
	3,653,866		Sberbank of Russia (ADR)		68,510
	46,364		Severstal (GDR)		976
	351,706		Surgutneftegaz (ADR) (London)		1,745
	54,734		Tatneft PJSC (ADR)		2,376
	53,836		TCS Group Holding plc (ADR)		4,942
	172,454	*	VTB Bank PJSC (GDR) Tradegate		238
	26,287		X5 Retail Group NV (GDR)		854
	1,437,041	*	Yandex NV		114,518
			TOTAL RUSSIA		234,250
SAUDI ARABIA - 0.2%
	10,124		Abdullah Al Othaim Markets Co		304
	26,281		Advanced Petrochemical Co		524
	282,735		Al Rajhi Bank		9,212
	60,667		Alinma Bank		387
	56,181		Almarai Co JSC		868
	33,000		Arab National Bank		202
	29,562	*	Bank AlBilad		321
	26,915		Bank Al-Jazira		132
	37,466		Banque Saudi Fransi		416
	13,115		Bupa Arabia for Cooperative Insurance Co		522
	14,163		Co for Cooperative Insurance		327
	42,418	*	Dar Al Arkan Real Estate Development Co		116
	38,651		Dr Sulaiman Al Habib Medical Services Group Co		1,791
	37,847	*	Emaar Economic City		134
	75,397		Etihad Etisalat Co		627
	13,616		Jarir Marketing Co		760
	90,439	*	Mobile Telecommunications Co Saudi Arabia		337
	10,664		Mouwasat Medical Services Co		513
	726,598		National Commercial Bank		11,895
	66,163	*	National Industrialization Co		411
	23,193		National Petrochemical Co		309

219

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	44,364	*	Rabigh Refining & Petrochemical Co	$	329
	353,837		Riyad Bank		2,547
	44,726		SABIC Agri-Nutrients Co		2,055
	77,455		Sahara International Petrochemical Co		900
	90,307	*	Saudi Arabian Mining Co		2,009
	470,977	g	Saudi Arabian Oil Co		4,517
	190,180		Saudi Basic Industries Corp		6,427
	183,651		Saudi British Bank		1,623
	13,990		Saudi Cement Co		234
	175,437		Saudi Electricity Co		1,254
	46,454		Saudi Industrial Investment Group		503
	153,340	*	Saudi Kayan Petrochemical Co		834
	128,351		Saudi Telecom Co		4,346
	51,257		Savola Group		512
	52,493		Yanbu National Petrochemical Co		992
			TOTAL SAUDI ARABIA		59,190
SINGAPORE - 0.1%
	518,300		Ascendas REIT		1,143
	16,100	g	BOC Aviation Ltd		134
	435,142	*,e	Capitaland Investment Ltd		1,090
	67,304	e	CapitaMall Trust		100
	373,100	e	DBS Group Holdings Ltd		8,267
	687,461		Oversea-Chinese Banking Corp		5,789
	167,200	e	Singapore Exchange Ltd		1,224
	1,619,200	e	Singapore Telecommunications Ltd		2,915
	244,516	e	United Overseas Bank Ltd		4,626
			TOTAL SINGAPORE		25,288
SOUTH AFRICA - 0.2%
	159,789	e	Absa Group Ltd		1,617
	21,626	e	African Rainbow Minerals Ltd		276
	11,592		Anglo American Platinum Ltd		1,004
	24,651	e	Aspen Pharmacare Holdings Ltd		444
	69,143	*	Bid Corp Ltd		1,481
	57,718	e	Bidvest Group Ltd		751
	58,369		Capitec Bank Holdings Ltd		7,051
	50,477		Clicks Group Ltd		931
	83,636	*	Discovery Holdings Ltd		764
	55,449	e	Exxaro Resources Ltd		593
	916,226		FirstRand Ltd		3,925
	183,227		Gold Fields Ltd		1,502
	766,293		Growthpoint Properties Ltd		728
	108,479		Harmony Gold Mining Co Ltd		338
	169,203		Impala Platinum Holdings Ltd		1,907
	12,186		Kumba Iron Ore Ltd		400
	53,404		Mr Price Group Ltd		714
	357,017	*	MTN Group Ltd		3,353
	79,986		MultiChoice Group Ltd		606
	45,874		Naspers Ltd (N Shares)		7,582
	28,192		Nedbank Group Ltd		328
	75,648	*	Northam Platinum Holdings Ltd		901
	1,012,585		Old Mutual Ltd		1,114
	37,066	e	Rand Merchant Investment Holdings Ltd		93
	112,106		Remgro Ltd		1,011
	387,739		Sanlam Ltd		1,646

220

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	121,020	*	Sasol Ltd	$	2,294
	107,361	e	Shoprite Holdings Ltd		1,274
	604,858		Sibanye Stillwater Ltd		1,837
	41,008		Spar Group Ltd		535
	285,037		Standard Bank Group Ltd		2,699
	37,399		Tiger Brands Ltd		465
	135,049		Vodacom Group Pty Ltd		1,292
	202,209	e	Woolworths Holdings Ltd		788
			TOTAL SOUTH AFRICA		52,244
SPAIN - 0.7%
	818,559	*	Amadeus IT Holding S.A.		53,838
	15,135,432	e	Banco Bilbao Vizcaya Argentaria S.A.		99,903
	1,933,856		Iberdrola S.A.		19,456
	283,352		Industria De Diseno Textil S.A.		10,426
	108,528	*,†,e	Let’s GOWEX S.A.		1
	10,353		Merlin Properties Socimi S.A.		106
	61,999	e	Naturgy Energy Group S.A.		1,561
	76,930		Red Electrica Corp S.A.		1,543
	1,012,138		Telefonica S.A.		4,750
			TOTAL SPAIN		191,584
SWEDEN - 0.6%
	1,105,161		Assa Abloy AB		32,057
	661		Autoliv, Inc		57
	88,120	g	Evolution Gaming Group AB		13,345
	55,595	*	Fastighets AB Balder		3,341
	1,829,415		Hexagon AB		28,297
	498,177		Intrum Justitia AB		13,528
	222,229	e	Lundin Petroleum AB		8,250
	783,314		Sandvik AB		17,896
	26,381	*,e	SAS AB		6
	4,951,200		Swedish Match AB		43,356
			TOTAL SWEDEN		160,133
SWITZERLAND - 2.0%
	237,067		Alcon, Inc		19,196
	106,889		Cie Financiere Richemont S.A.		11,082
	517,023		Credit Suisse Group		5,106
	4,339		Givaudan S.A.		19,782
	203,186		Lonza Group AG.		152,412
	612,834		Nestle S.A.		73,840
	224,539		Novartis AG.		18,412
	8,686		PSP Swiss Property AG.		1,047
	499,612		Roche Holding AG.		182,343
	10,000		Sonova Holdings AG		3,779
	7,420		Straumann Holding AG.		13,307
	8,686		Swiss Prime Site AG.		848
	773,261		UBS Group AG		12,343
	68,147		Zurich Insurance Group AG		27,867
			TOTAL SWITZERLAND		541,364
TAIWAN - 1.5%
	105,000		Accton Technology Corp		990
	196,000		Acer, Inc		173
	30,391		Advantech Co Ltd		396

221

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	2,631,100		ASE Technology Holding Co Ltd	$	10,179
	169,000		Asia Cement Corp		275
	6,000		ASMedia Technology, Inc		354
	48,000		Asustek Computer, Inc		558
	581,000		AU Optronics Corp		364
	50,189		Catcher Technology Co Ltd		300
	1,666,412		Cathay Financial Holding Co Ltd		3,436
	270,592		Chailease Holding Co Ltd		2,376
	196,293		Chang Hwa Commercial Bank		116
	353,000		Cheng Shin Rubber Industry Co Ltd		448
	920,000		China Development Financial Holding Corp		465
	390,045		China Life Insurance Co Ltd (Taiwan)		404
	2,486,000		China Steel Corp		3,217
	3,992,000		Chinatrust Financial Holding Co		3,267
	293,000		Chunghwa Telecom Co Ltd		1,161
	288,000		Compal Electronics, Inc		243
	929,727		Dadi Early-Childhood Education Group Ltd		5,097
	142,000		Delta Electronics, Inc		1,272
	2,590,033		E.Sun Financial Holding Co Ltd		2,437
	637,000		Eclat Textile Co Ltd		13,806
	176,731		Evergreen Marine Corp Tawain Ltd		785
	666,000		Far Eastern Textile Co Ltd		709
	153,000		Far EasTone Telecommunications Co Ltd		337
	89,040		Feng TAY Enterprise Co Ltd		684
	655,165		First Financial Holding Co Ltd		529
	747,000		Formosa Chemicals & Fibre Corp		2,235
	239,000		Formosa Petrochemical Corp		846
	813,000		Formosa Plastics Corp		3,287
	62,000		Foxconn Technology Co Ltd		155
	1,644,500		Fubon Financial Holding Co Ltd		4,494
	2,161,600		Fuhwa Financial Holdings Co Ltd		1,907
	62,000		Giant Manufacturing Co Ltd		703
	368,900		Globalwafers Co Ltd		10,407
	19,680		Hiwin Technologies Corp		217
	871,000		Hon Hai Precision Industry Co, Ltd		3,251
	1,934,278		Hota Industrial Manufacturing Co Ltd		6,271
	62,000		Hotai Motor Co Ltd		1,293
	454,983		Hua Nan Financial Holdings Co Ltd		332
	666,000		InnoLux Display Corp		401
	222,000		Inventec Co Ltd		205
	6,604		Largan Precision Co Ltd		515
	135,000		Lite-On Technology Corp		301
	846,242		MediaTek, Inc		27,238
	2,421,000		Mega Financial Holding Co Ltd		2,778
	46,000		Micro-Star International Co Ltd		212
	9,000		momo.com, Inc		522
	1,085,000		Nan Ya Plastics Corp		3,547
	16,000		Nan Ya Printed Circuit Board Corp		246
	96,000		Nanya Technology Corp		224
	32,000		Nien Made Enterprise Co Ltd		453
	40,000		Novatek Microelectronics Corp Ltd		581
	16,000	*	Oneness Biotech Co Ltd		106
	139,000		Pegatron Technology Corp		333
	12,000		Phison Electronics Corp		161
	499,000		Pou Chen Corp		601
	53,000		Powertech Technology, Inc		197

222

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	122,000		President Chain Store Corp	$	1,224
	186,000		Quanta Computer, Inc		515
	31,000		Realtek Semiconductor Corp		546
	225,540		Ruentex Development Co Ltd		462
	237,999		Shanghai Commercial & Savings Bank Ltd		378
	2,562,684		Shin Kong Financial Holding Co Ltd		852
	696,300		SinoPac Financial Holdings Co Ltd		346
	78,000		Synnex Technology International Corp		145
	673,350		Taishin Financial Holdings Co Ltd		436
	363,192		Taiwan Cement Corp		661
	550,023		Taiwan Cooperative Financial Holding		435
	360,000		Taiwan High Speed Rail Corp		382
	142,000		Taiwan Mobile Co Ltd		504
	13,380,100		Taiwan Semiconductor Manufacturing Co Ltd		276,728
	85,000		Unimicron Technology Corp		398
	979,000		Uni-President Enterprises Corp		2,392
	824,000		United Microelectronics Corp		1,868
	62,000		Vanguard International Semiconductor Corp		333
	24,000		Walsin Technology Corp		130
	45,400		Wan Hai Lines Ltd		328
	23,000		Win Semiconductors Corp		253
	215,000		Winbond Electronics Corp		202
	197,690		Wistron Corp		194
	16,000		Wiwynn Corp		495
	104,640		WPG Holdings Co Ltd		181
	26,339		Yageo Corp		413
	111,000	*	Yang Ming Marine Transport		468
	52,000		Zhen Ding Technology Holding Ltd		183
			TOTAL TAIWAN		419,849
TANZANIA, UNITED REPUBLIC OF - 0.0%
	85,711		AngloGold Ashanti Ltd		1,373
			TOTAL TANZANIA, UNITED REPUBLIC OF		1,373
THAILAND - 0.1%
	102,700		Advanced Info Service PCL (Foreign)		593
	806,000		Airports of Thailand PCL (Foreign)		1,444
	1,065,900	*	Asset World Corp PCL		146
	131,900		B Grimm Power PCL		159
	95,800		Bangkok Commercial Asset Management PCL		52
	518,100		Bangkok Dusit Medical Services PCL (Foreign)		344
	1,323,200		Bangkok Expressway & Metro PCL		341
	231,100		Berli Jucker PCL		224
	1,414,190		BTS Group Holdings PCL		392
	24,000		Bumrungrad Hospital PCL (Foreign)		100
	54,800		Carabao Group PCL		193
	381,800		Central Pattana PCL (Foreign)		595
	336,775		Central Retail Corp PCL		331
	720,800		Charoen Pokphand Foods PCL		547
	1,260,800		CP ALL plc		2,357
	18,200		Delta Electronics Thai PCL		253
	56,100		Electricity Generating PCL		287
	294,300		Energy Absolute PCL (Foreign)		530
	138,100		Global Power Synergy Co Ltd (Foreign)		306
	567,330		Gulf Energy Development PCL		692
	1,081,400		Home Product Center PCL (Foreign)		432

223

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	323,000		Indorama Ventures PCL (Foreign)	$	421
	222,200		Intouch Holdings PCL (Class F)		528
	168,400		Kasikornbank PCL (Foreign)		655
	1,211,200		Krung Thai Bank PCL (Foreign)		391
	171,600		Krungthai Card PCL		276
	1,517,200		Land and Houses PCL Co Reg		355
	602,400	*	Minor International PCL (Foreign)		558
	126,300		Muangthai Capital PCL		216
	204,600		Osotspa PCL		205
	355,900		PTT Exploration & Production PCL (Foreign)		1,226
	552,700		PTT Global Chemical PCL (Foreign)		1,024
	573,500		PTT Oil & Retail Business PCL		508
	2,293,900		PTT PCL (Foreign)		2,653
	32,800		Ratch Group PCL		44
	251,600		SCG Packaging PCL		447
	176,200		Siam Cement PCL (Foreign)		2,086
	171,600		Siam Commercial Bank PCL (Foreign)		614
	43,200		Sri Trang Gloves Thailand PCL		40
	138,100		Srisawad Corp PCL		255
	371,300		Thai Oil PCL (Foreign)		568
	545,800		Thai Union Group PCL		350
	498,700		True Corp PCL (Foreign)		62
			TOTAL THAILAND		23,800
TURKEY - 0.0%
	238,134		Akbank TAS		143
	173,732		Aselsan Elektronik Sanayi Ve Ticaret AS		296
	93,564		BIM Birlesik Magazalar AS		672
	282,812		Eregli Demir ve Celik Fabrikalari TAS		521
	13,137		Ford Otomotiv Sanayi AS		247
	152,084		KOC Holding AS		387
	242,489		Turkcell Iletisim Hizmet AS		416
	3,868,437		Turkiye Garanti Bankasi AS		4,010
	83,237		Turkiye Is Bankasi (Series C)		48
	29,653	*	Turkiye Petrol Rafinerileri AS		385
	285,432		Turkiye Sise ve Cam Fabrikalari AS		263
			TOTAL TURKEY		7,388
UNITED ARAB EMIRATES - 0.0%
	191,470		Abu Dhabi Commercial Bank PJSC		390
	78,733		Abu Dhabi Islamic Bank PJSC		124
	591,460		Abu Dhabi National Oil Co for Distribution PJSC		670
	831,492		Aldar Properties PJSC		919
	99,287		Dubai Islamic Bank PJSC		133
	795,020		Emaar Properties PJSC		879
	168,572		Emirates NBD Bank PJSC		652
	374,080		Emirates Telecommunications Group Co PJSC		2,445
	947,601		National Bank of Abu Dhabi PJSC		4,587
	5,358	*,†	NMC Health plc		0	^
			TOTAL UNITED ARAB EMIRATES		10,799
UNITED KINGDOM - 4.5%
	955,867	*	Allfunds Group PLC		18,579
	1,222,203		Ashtead Group plc		92,390
	140,396		Associated British Foods plc		3,495
	1,419,340		AstraZeneca plc		171,056

224

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	10,873,964		Barclays plc	$	27,630
	1,866,804	*	Beazley plc		9,538
	112,932		Big Yellow Group plc		2,123
	1,760,237		BP plc		8,018
	658,629		British American Tobacco plc		23,022
	260,614		British Land Co plc		1,729
	97,835		Coca-Cola European Partners plc (Class A)		5,409
	293,279	*	Compass Group plc		5,998
	1,140,544	*,e	Darktrace plc		12,602
	289,255		Dechra Pharmaceuticals plc		18,902
	34,747		Derwent London plc		1,610
	2,685,186		Diageo plc		130,003
	1,804,801		Electrocomponents plc		26,127
	840,339		Fevertree Drinks plc		26,371
	335,902		GlaxoSmithKline plc		6,340
	173,742		Great Portland Estates plc		1,744
	312,054	*	Informa plc		2,295
	199,076	*,g	Just Eat Takeaway.com NV		14,545
	191,116	e	Land Securities Group plc		1,781
	112,658	*	Liberty Global plc (Class A)		3,357
	26,219	*	Liberty Global plc (Class C)		772
	110,281		Linde plc		32,354
	615,467		Linde plc (Xetra)		180,996
	120,699,358		Lloyds TSB Group plc		75,126
	135,260		London Stock Exchange Group plc		13,554
	5,809,352		Man Group plc		15,992
	1,992,393		Natwest Group plc		6,007
	33,227		Next plc		3,655
	1,093,113		Prudential plc		21,212
	145,784		Reckitt Benckiser Group plc		11,453
	781,656		RELX plc		22,627
	250,526		RELX plc (London)		7,212
	138,992		Safestore Holdings plc		1,965
	209,261		Scottish & Southern Energy plc		4,406
	224,386		Segro plc		3,605
	142,553		Smith & Nephew plc		2,456
	1,794,472		Standard Chartered plc		10,490
	21,239,398		Tesco plc		72,334
	12,091,673	*	THG Holdings Ltd		82,602
	5,028,907		Tritax Big Box REIT plc		14,379
	4,766,621	g	Tritax EuroBox plc		7,257
	422,606		Unilever plc		22,879
	5,403,770	e	Vodafone Group plc		8,223
	261,522		WPP plc		3,504
			TOTAL UNITED KINGDOM		1,239,724
UNITED STATES - 58.5%
	590	*	10X Genomics, Inc		86
	65,254		3M Co		11,447
	1,070		A.O. Smith Corp		65
	1,332,325		Abbott Laboratories		157,388
	1,401,210		AbbVie, Inc		151,149
	31,347	*	Abiomed, Inc		10,204
	349,778		Accenture plc		111,901
	6,184		Activision Blizzard, Inc		479
	219,325	*	Adient plc		9,091

225

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	17,198	*	Adobe, Inc	$	9,901
	521		Advance Auto Parts, Inc		109
	9,670	*	Advanced Micro Devices, Inc		995
	5,303		AES Corp		121
	45,589		Aflac, Inc		2,377
	40,297		Agilent Technologies, Inc		6,348
	4,178		AGNC Investment Corp		66
	26,060		Agree Realty Corp		1,726
	88,956		Air Products & Chemicals, Inc		22,783
	999	*	Airbnb, Inc		168
	1,297	*	Akamai Technologies, Inc		136
	28,387		Albemarle Corp		6,216
	40,000	*	Alector, Inc		913
	56,818		Alexandria Real Estate Equities, Inc		10,856
	19,519	*	Align Technology, Inc		12,989
	23,223	*	Alkermes plc		716
	3,133	*	Alleghany Corp		1,956
	716		Allegion plc		95
	450,020		Alliant Energy Corp		25,192
	64,858		Allstate Corp		8,257
	2,950		Ally Financial, Inc		151
	67,416	*	Alnylam Pharmaceuticals, Inc		12,729
	112,291	*	Alphabet, Inc (Class A)		300,212
	144,154	*	Alphabet, Inc (Class C)		384,215
	160,683	*	Altice USA, Inc		3,329
	784,010	*,h	Altimeter Growth Corp		6,782
	409,394	*,e	Altimmune, Inc		4,630
	340,457		Altria Group, Inc		15,498
	183,761	*	Amazon.com, Inc		603,662
	3,994	*,e	AMC Entertainment Holdings, Inc		152
	12,271		Amcor plc		142
	77		Amerco, Inc		50
	320,429		Ameren Corp		25,955
	378,518		American Electric Power Co, Inc		30,728
	5,434		American Express Co		910
	576		American Financial Group, Inc		72
	243,686		American Homes 4 Rent		9,289
	474,441		American International Group, Inc		26,042
	92,801		American Tower Corp		24,630
	1,444		American Water Works Co, Inc		244
	78,744		Americold Realty Trust		2,288
	8,066		Ameriprise Financial, Inc		2,130
	1,226		AmerisourceBergen Corp		146
	1,838		Ametek, Inc		228
	31,510		Amgen, Inc		6,701
	4,756		Amphenol Corp (Class A)		348
	345,984		Analog Devices, Inc		57,945
	536,725	*	Anaplan, Inc		32,681
	11,130		Annaly Capital Management, Inc		94
	694	*	Ansys, Inc		236
	45,626		Anthem, Inc		17,009
	41,738		Aon plc		11,927
	1,387	e	Apollo Global Management, Inc		85
	5,219,463	d	Apple, Inc		738,554
	106,708		Applied Materials, Inc		13,737
	149,896	*	Aptiv plc		22,330

226

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	1,826		ARAMARK Holdings Corp	$	60
	3,212	*	Arch Capital Group Ltd		123
	231,948		Archer-Daniels-Midland Co		13,919
	456	*	Arista Networks, Inc		157
	590	*	Arrow Electronics, Inc		66
	1,641		Arthur J. Gallagher & Co		244
	482		Assurant, Inc		76
	1,879,611		AT&T, Inc		50,768
	220,415	*	Athene Holding Ltd		15,180
	1,040		Atmos Energy Corp		92
	1,751	*	Autodesk, Inc		499
	3,387		Automatic Data Processing, Inc		677
	1,970	*	AutoZone, Inc		3,345
	684	*	Avalara, Inc		120
	33,994		AvalonBay Communities, Inc		7,534
	35,374	*	Avantor, Inc		1,447
	38,390		Avery Dennison Corp		7,955
	237,015	*	Axalta Coating Systems Ltd		6,918
	5,851		Baker Hughes Co		145
	74,038		Ball Corp		6,661
	1,757,210		Bank of America Corp		74,594
	724,309		Bank of New York Mellon Corp		37,548
	2,107		Bath & Body Works, Inc		133
	63,819		Baxter International, Inc		5,133
	36,265		Becton Dickinson & Co		8,915
	1,372		Bentley Systems, Inc		83
	283,803	*	Berkshire Hathaway, Inc (Class B)		77,461
	27,294		Best Buy Co, Inc		2,885
	20,707	*	Biogen, Inc		5,860
	1,454	*	BioMarin Pharmaceutical, Inc		112
	9,550	*	Bio-Rad Laboratories, Inc (Class A)		7,124
	310		Bio-Techne Corp		150
	1,246	*	Black Knight, Inc		90
	38,513		BlackRock, Inc		32,299
	141,438		Blackstone Group, Inc		16,455
	382,618	*	Boeing Co		84,153
	6,631	*	Booking Holdings, Inc		15,741
	964		Booz Allen Hamilton Holding Co		76
	1,909		BorgWarner, Inc		82
	72	*	Boston Beer Co, Inc (Class A)		37
	21,159		Boston Properties, Inc		2,293
	1,751,089	*	Boston Scientific Corp		75,980
	504,990		Bristol-Myers Squibb Co		29,880
	431,534		Broadcom, Inc		209,264
	924		Broadridge Financial Solutions, Inc		154
	1,907		Brown & Brown, Inc		106
	2,464		Brown-Forman Corp (Class B)		165
	178,213		Bunge Ltd		14,492
	58,960	*	Burlington Stores, Inc		16,719
	43		Cable One, Inc		78
	6,146		Cabot Oil & Gas Corp		134
	2,215	*	Cadence Design Systems, Inc		335
	1,661	*	Caesars Entertainment, Inc		186
	777		Camden Property Trust		115
	1,567		Campbell Soup Co		66
	260,760		Capital One Financial Corp		42,235

227

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	2,309		Cardinal Health, Inc	$	114
	1,270		Carlyle Group, Inc		60
	1,298	*	CarMax, Inc		166
	79,400	*	Carnival Corp		1,986
	1,494,233		Carrier Global Corp		77,342
	580	*	Carvana Co		175
	128,383	*	Catalent, Inc		17,084
	422,821		Caterpillar, Inc		81,169
	849		CBOE Global Markets, Inc		105
	2,671	*	CBRE Group, Inc		260
	366,847		CDW Corp		66,773
	7,565		Celanese Corp (Series A)		1,140
	87,585	*	Centene Corp		5,457
	1,351,925		Centerpoint Energy, Inc		33,257
	1,069	*	Ceridian HCM Holding, Inc		120
	50,383		Cerner Corp		3,553
	57,959		CF Industries Holdings, Inc		3,235
	1,058		CH Robinson Worldwide, Inc		92
	400	*	Charles River Laboratories International, Inc		165
	506,730		Charles Schwab Corp		36,910
	40,680	*	Charter Communications, Inc		29,597
	59,045	*	Cheniere Energy, Inc		5,767
	565,471		Chevron Corp		57,367
	705	*,e	Chewy, Inc		48
	4,169	*	Chipotle Mexican Grill, Inc (Class A)		7,577
	325,169		Chubb Ltd		56,410
	1,952		Church & Dwight Co, Inc		161
	117,530		Cigna Corp		23,525
	1,218		Cincinnati Financial Corp		139
	752		Cintas Corp		286
	5,535,623		Cisco Systems, Inc		301,304
	353,562		Citigroup, Inc		24,813
	366,897		Citizens Financial Group, Inc		17,237
	988		Citrix Systems, Inc		106
	2,808	*	Clarivate Analytics plc		61
	26,411		Clorox Co		4,374
	1,836	*	Cloudflare, Inc		207
	74,490		CME Group, Inc		14,405
	345,788		CMS Energy Corp		20,654
	3,117,044		Coca-Cola Co		163,551
	1,406		Cognex Corp		113
	4,198		Cognizant Technology Solutions Corp (Class A)		312
	207,054		Colgate-Palmolive Co		15,649
	2,133,163		Comcast Corp (Class A)		119,308
	247,972		ConAgra Brands, Inc		8,399
	484,474		ConocoPhillips		32,833
	2,728		Consolidated Edison, Inc		198
	61,332		Constellation Brands, Inc (Class A)		12,922
	34,112		Cooper Cos, Inc		14,099
	1,695	*	Copart, Inc		235
	6,437		Corning, Inc		235
	5,866		Corteva, Inc		247
	3,143	*	CoStar Group, Inc		270
	405,611		Costco Wholesale Corp		182,261
	9,683	*	Coty, Inc		76
	580	*	Coupa Software, Inc		127

228

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	1,506	*	Crowdstrike Holdings, Inc	$	370
	189,377		Crown Castle International Corp		32,823
	533,174		Crown Holdings, Inc		53,733
	611,723		CSX Corp		18,193
	14,129		Cummins, Inc		3,173
	546,445		CVS Health Corp		46,371
	35,468		CyrusOne, Inc		2,746
	237,137		Danaher Corp		72,194
	32,605		Darden Restaurants, Inc		4,939
	232,274	*	Darling International, Inc		16,701
	1,489	*	Datadog, Inc		210
	549	*	DaVita, Inc		64
	162,480		Deere & Co		54,442
	2,209	*	Dell Technologies, Inc		230
	214,247	*	Delta Air Lines, Inc		9,129
	1,738		Dentsply Sirona, Inc		101
	861,799		Devon Energy Corp		30,602
	48,802	*	DexCom, Inc		26,688
	654,993		Diamondback Energy, Inc		62,008
	37,709		Digital Realty Trust, Inc		5,447
	358,815		Discover Financial Services		44,080
	1,207	*,e	Discovery, Inc (Class A)		31
	2,496	*	Discovery, Inc (Class C)		61
	58,882	*	DISH Network Corp (Class A)		2,559
	1,548	*	DocuSign, Inc		399
	44,409		Dollar General Corp		9,421
	70,245	*	Dollar Tree, Inc		6,724
	47,870		Dominion Energy, Inc		3,495
	309		Domino’s Pizza, Inc		147
	586	*	DoorDash, Inc		121
	1,145		Dover Corp		178
	1,066,343		Dow, Inc		61,379
	2,726		DR Horton, Inc		229
	2,553	*	DraftKings, Inc		123
	2,531	*	Dropbox, Inc		74
	1,542		DTE Energy Co		172
	198,512		Duke Energy Corp		19,373
	47,860		Duke Realty Corp		2,291
	516,699		DuPont de Nemours, Inc		35,130
	1,462	*	Dynatrace, Inc		104
	75,347		Eastman Chemical Co		7,590
	455,435		Eaton Corp		68,001
	188,565		eBay, Inc		13,137
	50,494		Ecolab, Inc		10,534
	99,007		Edison International		5,492
	59,702	*	Edwards Lifesciences Corp		6,759
	196,224	*	Elanco Animal Health, Inc		6,258
	2,289		Electronic Arts, Inc		326
	208,865		Eli Lilly & Co		48,258
	4,773		Emerson Electric Co		450
	1,026	*	Enphase Energy, Inc		154
	173,842		Entergy Corp		17,264
	220,311		EOG Resources, Inc		17,684
	449	*	EPAM Systems, Inc		256
	969		Equifax, Inc		246
	9,785		Equinix, Inc		7,731

229

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	1,246,464		Equitable Holdings, Inc	$	36,945
	136,322		Equity Lifestyle Properties, Inc		10,647
	73,765		Equity Residential		5,969
	228		Erie Indemnity Co (Class A)		41
	1,857		Essential Utilities Inc		86
	9,203		Essex Property Trust, Inc		2,943
	84,842		Estee Lauder Cos (Class A)		25,447
	8,903	*	Etsy, Inc		1,851
	319		Everest Re Group Ltd		80
	1,825		Evergy, Inc		114
	2,734		Eversource Energy		224
	1,365	*	Exact Sciences Corp		130
	604,207		Exelon Corp		29,207
	29,936	*	Expedia Group, Inc		4,907
	1,344		Expeditors International of Washington, Inc		160
	27,124		Extra Space Storage, Inc		4,557
	2,865,876		Exxon Mobil Corp		168,571
	474	*	F5 Networks, Inc		94
	719,085	*	Facebook, Inc		244,050
	301		Factset Research Systems, Inc		119
	229	*	Fair Isaac Corp		91
	4,571		Fastenal Co		236
	5,353		FedEx Corp		1,174
	2,185		Fidelity National Financial Inc		99
	4,935		Fidelity National Information Services, Inc		600
	855,592		Fifth Third Bancorp		36,311
	109,584		First Republic Bank		21,137
	158,779		FirstEnergy Corp		5,656
	4,776	*	Fiserv, Inc		518
	630	*	FleetCor Technologies, Inc		165
	1,026		FMC Corp		94
	31,205	*	Ford Motor Co		442
	1,105	*	Fortinet, Inc		323
	301,997		Fortive Corp		21,312
	1,102		Fortune Brands Home & Security, Inc		99
	2,602		Fox Corp (Class A)		104
	1,209		Fox Corp (Class B)		45
	2,408		Franklin Resources, Inc		72
	4,950,135		Freeport-McMoRan, Inc (Class B)		161,028
	79,690		Gaming and Leisure Properties, Inc		3,691
	1,223		Garmin Ltd		190
	685	*	Gartner, Inc		208
	501	*	Generac Holdings, Inc		205
	1,912		General Dynamics Corp		375
	8,733		General Electric Co		900
	70,072		General Mills, Inc		4,192
	1,114,128	*	General Motors Co		58,726
	1,150		Genuine Parts Co		139
	322,527		Gilead Sciences, Inc		22,529
	2,350		Global Payments, Inc		370
	8,166	*	Globant S.A.		2,295
	779		Globe Life, Inc		69
	1,335	*	GoDaddy, Inc		93
	379,440		Goldman Sachs Group, Inc		143,440
	62,256	*	Guardant Health, Inc		7,783
	633	*	Guidewire Software, Inc		75

230

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	130,224		Halliburton Co	$	2,815
	191,295		Hartford Financial Services Group, Inc		13,438
	1,040		Hasbro, Inc		93
	143,606		HCA Healthcare, Inc		34,856
	44,876		Healthcare Trust of America, Inc		1,331
	139,510		Healthpeak Properties Inc		4,671
	345		HEICO Corp		45
	581		HEICO Corp (Class A)		69
	1,120	*	Henry Schein, Inc		85
	1,165		Hershey Co		197
	299,917		Hess Corp		23,427
	10,355		Hewlett Packard Enterprise Co		148
	2,217	*	Hilton Worldwide Holdings, Inc		293
	183,826	*	Hologic, Inc		13,568
	706,398		Home Depot, Inc		231,882
	793,282		Honeywell International, Inc		168,398
	105,119	*	Horizon Therapeutics Plc		11,515
	2,364		Hormel Foods Corp		97
	144,611	*	Host Hotels and Resorts, Inc		2,362
	3,111		Howmet Aerospace, Inc		97
	9,969		HP, Inc		273
	185,162		Hubbell, Inc		33,453
	353	*	HubSpot, Inc		239
	23,958		Humana, Inc		9,323
	11,749		Huntington Bancshares, Inc		182
	320		Huntington Ingalls		62
	630	*	IAC		82
	604		IDEX Corp		125
	32,090	*	IDEXX Laboratories, Inc		19,957
	30,395		IHS Markit Ltd		3,545
	37,089		Illinois Tool Works, Inc		7,664
	67,811	*	Illumina, Inc		27,505
	1,488	*	Incyte Corp		102
	776,793	*	Ingersoll Rand, Inc		39,158
	7,967	*	Insulet Corp		2,264
	2,833,296		Intel Corp		150,958
	91,949		Intercontinental Exchange Group, Inc		10,558
	7,111		International Business Machines Corp		988
	754,966		International Flavors & Fragrances, Inc		100,954
	68,920		International Paper Co		3,854
	200,767		Interpublic Group of Cos, Inc		7,362
	156,597		Intuit, Inc		84,486
	41,525	*	Intuitive Surgical, Inc		41,282
	2,502		Invesco Ltd		60
	177,668		Invitation Homes, Inc		6,810
	124,013	*	Ionis Pharmaceuticals, Inc		4,159
	298	*	IPG Photonics Corp		47
	101,613	*	IQVIA Holdings, Inc		24,340
	2,298		Iron Mountain, Inc		100
	281,906		iShares MSCI Canada Index Fund		10,233
	66,544		iShares MSCI South Korea Index Fund		5,367
	872		J.M. Smucker Co		105
	591		Jack Henry & Associates, Inc		97
	26,306	*	Jackson Financial, Inc		684
	1,036		Jacobs Engineering Group, Inc		137
	25,909	*	Jazz Pharmaceuticals plc		3,374

231

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	5,038		JB Hunt Transport Services, Inc	$	842
	183,000		JBS S.A.		1,246
	674,659		Johnson & Johnson		108,957
	5,704		Johnson Controls International plc		388
	1,674,152		JPMorgan Chase & Co		274,042
	2,608		Juniper Networks, Inc		72
	724		Kansas City Southern		196
	2,032		Kellogg Co		130
	1,547,797		Keurig Dr Pepper, Inc		52,873
	7,724		Keycorp		167
	1,468	*	Keysight Technologies, Inc		241
	17,372		Kilroy Realty Corp		1,150
	88,697		Kimberly-Clark Corp		11,747
	16,221		Kinder Morgan, Inc		271
	33,830		KKR & Co, Inc		2,060
	364,043		KLA Corp		121,776
	1,251		Knight-Swift Transportation Holdings, Inc		64
	5,354		Kraft Heinz Co		197
	208,958		Kroger Co		8,448
	1,631		L3Harris Technologies, Inc		359
	29,022	*	Laboratory Corp of America Holdings		8,168
	73,686		Lam Research Corp		41,938
	1,054		Lamb Weston Holdings, Inc		65
	157,366	*	Las Vegas Sands Corp		5,760
	479		Lear Corp		75
	1,069		Leidos Holdings, Inc		103
	2,195		Lennar Corp (Class A)		206
	271		Lennox International, Inc		80
	176	*	Liberty Broadband Corp (Class A)		30
	1,212	*	Liberty Broadband Corp (Class C)		209
	1,539	*	Liberty Media Group (Class C)		79
	669	*	Liberty SiriusXM Group (Class A)		32
	1,358	*	Liberty SiriusXM Group (Class C)		64
	1,439		Lincoln National Corp		99
	1,305	*	Live Nation, Inc		119
	2,285	*	LKQ Corp		115
	1,991		Lockheed Martin Corp		687
	1,780		Loews Corp		96
	269,561		Lowe’s Companies, Inc		54,683
	123,539	*	Lululemon Athletica, Inc		49,996
	7,477		Lumen Technologies, Inc		93
	2,041	*	Lyft, Inc (Class A)		109
	2,129		LyondellBasell Industries NV		200
	1,024		M&T Bank Corp		153
	237,253		Marathon Petroleum Corp		14,665
	109	*	Markel Corp		130
	302		MarketAxess Holdings, Inc		127
	17,985	*	Marriott International, Inc (Class A)		2,663
	111,516		Marsh & McLennan Cos, Inc		16,887
	496		Martin Marietta Materials, Inc		169
	6,520		Marvell Technology, Inc		393
	2,020		Masco Corp		112
	33,732	*	Masimo Corp		9,132
	490,234		Mastercard, Inc (Class A)		170,445
	775,688	*	Match Group, Inc		121,775
	1,982		McCormick & Co, Inc		161

232

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	707,165		McDonald’s Corp	$	170,505
	66,027		McKesson Corp		13,164
	4,681		Medical Properties Trust, Inc		94
	1,301,224		Medtronic plc		163,108
	524,148		Merck & Co, Inc		39,369
	45,681		Metlife, Inc		2,820
	5,667	*	Mettler-Toledo International, Inc		7,806
	61,089		MGM Growth Properties LLC		2,340
	3,123		MGM Resorts International		135
	420,198		Microchip Technology, Inc		64,496
	8,925		Micron Technology, Inc		633
	2,993,255		Microsoft Corp		843,858
	21,757		Mid-America Apartment Communities, Inc		4,063
	64,826	*	Moderna, Inc		24,949
	472	*	Mohawk Industries, Inc		84
	465	*	Molina Healthcare, Inc		126
	1,516		Molson Coors Brewing Co (Class B)		70
	684,057		Mondelez International, Inc		39,798
	445	*	MongoDB, Inc		210
	346		Monolithic Power Systems, Inc		168
	1,009,856	*	Monster Beverage Corp		89,706
	6,734		Moody’s Corp		2,391
	2,616,031		Morgan Stanley		254,566
	2,871		Mosaic Co		103
	1,350		Motorola Solutions, Inc		314
	3,352		MSCI, Inc (Class A)		2,039
	914		Nasdaq Inc		176
	52,173		National Storage Affiliates Trust		2,754
	1,772		NetApp, Inc		159
	99,065	*	Netflix, Inc		60,463
	752	*	Neurocrine Biosciences, Inc		72
	3,046		Newell Brands Inc		67
	324,349		Newmont Goldcorp Corp		17,612
	3,113		News Corp (Class A)		73
	549,732		NextEra Energy, Inc		43,165
	1,099,529		Nike, Inc (Class B)		159,685
	3,122		NiSource, Inc		76
	416		Nordson Corp		99
	1,992		Norfolk Southern Corp		477
	1,574		Northern Trust Corp		170
	163,755		Northrop Grumman Corp		58,976
	4,616		NortonLifelock, Inc		117
	31,489	*	Novavax, Inc		6,528
	741	*	Novocure Ltd		86
	67,665		NRG Energy, Inc		2,763
	15,755		Nucor Corp		1,552
	404,690		NVIDIA Corp		83,836
	27	*	NVR, Inc		129
	623	*,e	Oak Street Health, Inc		26
	7,429		Occidental Petroleum Corp		220
	995	*	Okta, Inc		236
	784		Old Dominion Freight Line		224
	1,873		Omega Healthcare Investors, Inc		56
	1,712		Omnicom Group, Inc		124
	3,398	*	ON Semiconductor Corp		156
	112,817		ONEOK, Inc		6,542

233

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	884,838		Oracle Corp	$	77,096
	5,315	*	O’Reilly Automotive, Inc		3,248
	90,768		Otis Worldwide Corp		7,468
	159,516		Owens Corning, Inc		13,639
	2,763		PACCAR, Inc		218
	11,745		Packaging Corp of America		1,614
	12,212	*	Palantir Technologies, Inc		294
	775	*	Palo Alto Networks, Inc		371
	151,712		Parker-Hannifin Corp		42,422
	2,581		Paychex, Inc		290
	407	*	Paycom Software, Inc		202
	1,175,529	*	PayPal Holdings, Inc		305,884
	332,889	*	Peloton Interactive, Inc		28,978
	1,323		Pentair plc		96
	340,948		PepsiCo, Inc		51,282
	59,183	*	Performance Food Group Co		2,750
	892		PerkinElmer, Inc		155
	193,874	*,e	Petco Health & Wellness Co, Inc		4,091
	1,124,853		Pfizer, Inc		48,380
	399,537	*,b	PG&E Corp		3,836
	295,425		Philip Morris International, Inc		28,003
	3,485		Phillips 66		244
	897		Pinnacle West Capital Corp		65
	31,974	*	Pinterest, Inc		1,629
	163,748		Pioneer Natural Resources Co		27,266
	4,071	*,e	Plug Power, Inc		104
	3,381		PNC Financial Services Group, Inc		661
	319		Pool Corp		139
	965	*	PPD, Inc		45
	111,603		PPG Industries, Inc		15,960
	6,124		PPL Corp		171
	2,165		Principal Financial Group		139
	1,535,615		Procter & Gamble Co		214,679
	111,282		Progressive Corp		10,059
	232,899		Prologis, Inc		29,213
	108,832		Prudential Financial, Inc		11,449
	884	*	PTC, Inc		106
	4,020		Public Service Enterprise Group, Inc		245
	32,210		Public Storage, Inc		9,570
	2,105		Pulte Homes, Inc		97
	896	*	Qorvo, Inc		150
	8,977		QUALCOMM, Inc		1,158
	89,439		Quest Diagnostics, Inc		12,996
	1,476		Raymond James Financial, Inc		136
	719,835		Raytheon Technologies Corp		61,877
	47,849		Realty Income Corp		3,103
	121,732		Regency Centers Corp		8,196
	35,112	*	Regeneron Pharmaceuticals, Inc		21,249
	7,651		Regions Financial Corp		163
	1,777		Republic Services, Inc		213
	8,575		Resmed, Inc		2,260
	332,659		Rexford Industrial Realty, Inc		18,878
	611	*	RingCentral, Inc		133
	898		Robert Half International, Inc		90
	71,885		Rockwell Automation, Inc		21,137
	8,808	*	Roku, Inc		2,760

234

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	1,762		Rollins, Inc	$	62
	67,212		Roper Technologies Inc		29,985
	39,148		Ross Stores, Inc		4,261
	38,382	*	Royal Caribbean Cruises Ltd		3,414
	1,289		Royalty Pharma plc		47
	94,030		RPM International, Inc		7,301
	64,052		S&P Global, Inc		27,215
	110,849		Sabra Healthcare REIT, Inc		1,632
	1,383,855	*	salesforce.com, Inc		375,329
	19,118		SBA Communications Corp		6,320
	97,996		Schlumberger Ltd		2,905
	780,536		Schneider Electric S.A.		130,001
	1,639		Seagate Technology Holdings plc		135
	472,043	*	Seagen, Inc		80,153
	1,210		Sealed Air Corp		66
	966		SEI Investments Co		57
	76,203		Sempra Energy		9,640
	1,258	*	Sensata Technologies Holding plc		69
	331,697	*	ServiceNow, Inc		206,405
	47,213		Sherwin-Williams Co		13,207
	569,610		Simon Property Group, Inc		74,032
	8,139	e	Sirius XM Holdings, Inc		50
	1,314		Skyworks Solutions, Inc		217
	4,007		SL Green Realty Corp		284
	7,570	*	Snap, Inc		559
	430		Snap-On, Inc		90
	1,532	*	Snowflake, Inc		463
	414	*	SolarEdge Technologies, Inc		110
	8,425		Southern Co		522
	1,177	*	Southwest Airlines Co		61
	1,304	*	Splunk, Inc		189
	3,120	*	Square, Inc		748
	1,832		SS&C Technologies Holdings, Inc		127
	17,390		Stanley Black & Decker, Inc		3,049
	260,400		Starbucks Corp		28,725
	24,227		State Street Corp		2,053
	232,312		Steel Dynamics, Inc		13,586
	793		STERIS plc		162
	128,887		Stryker Corp		33,990
	67,053		Sun Communities, Inc		12,412
	1,230	*	Sunrun, Inc		54
	445	*	SVB Financial Group		288
	424,206		Synchrony Financial		20,735
	1,214	*	Synopsys, Inc		363
	61,530		SYSCO Corp		4,830
	1,805		T Rowe Price Group, Inc		355
	287,589	*	Take-Two Interactive Software, Inc		44,309
	589,264		Target Corp		134,806
	238,546		TE Connectivity Ltd		32,733
	1,107	*	Teladoc, Inc		140
	370	*	Teledyne Technologies, Inc		159
	372		Teleflex, Inc		140
	1,323		Teradyne, Inc		144
	44,876		Terreno Realty Corp		2,838
	260,398	*	Tesla, Inc		201,933
	7,350		Texas Instruments, Inc		1,413

235

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	196,581		Textron, Inc	$	13,723
	102,071		Thermo Fisher Scientific, Inc		58,316
	292,448		TJX Companies, Inc		19,296
	344,237	*	T-Mobile US, Inc		43,980
	917		Tractor Supply Co		186
	3,432	*	Trade Desk, Inc		241
	834		Tradeweb Markets, Inc		67
	196,898	*	Traeger, Inc		4,121
	455,400		Trane Technologies plc		78,625
	415	*	TransDigm Group, Inc		259
	1,522		TransUnion		171
	2,002		Travelers Cos, Inc		304
	1,997	*	Trimble Inc		164
	10,703		Truist Financial Corp		628
	1,292	*	Twilio, Inc		412
	6,352	*	Twitter, Inc		384
	324	*	Tyler Technologies, Inc		149
	30,211		Tyson Foods, Inc (Class A)		2,385
	9,683	*	Uber Technologies, Inc		434
	2,362		UDR, Inc		125
	1,661		UGI Corp		71
	20,801	*	Ulta Beauty, Inc		7,507
	928,445		Union Pacific Corp		181,985
	112,274		United Parcel Service, Inc (Class B)		20,445
	148,301	*	United Rentals, Inc		52,043
	509,793		UnitedHealth Group, Inc		199,197
	445	*	Unity Software, Inc		56
	621		Universal Health Services, Inc (Class B)		86
	817,836		US Bancorp		48,612
	5,952	*	Vail Resorts, Inc		1,988
	697,112		Valero Energy Corp		49,195
	747,879	e	Vanguard Emerging Markets ETF		37,401
	50,000	e	Vanguard FTSE Developed Markets ETF		2,525
	48,910	*	Veeva Systems, Inc		14,094
	115,953		Ventas, Inc		6,402
	1,824		VEREIT, Inc		83
	807	*	VeriSign, Inc		165
	1,226		Verisk Analytics, Inc		246
	858,253		Verizon Communications, Inc		46,354
	2,060	*	Vertex Pharmaceuticals, Inc		374
	34,526		VF Corp		2,313
	103,260		ViacomCBS, Inc (Class B)		4,080
	9,619		Viatris, Inc		130
	133,988	e	VICI Properties, Inc		3,807
	911,092		Visa, Inc (Class A)		202,946
	92,466		Vistra Energy Corp		1,581
	667	*,e	VMware, Inc (Class A)		99
	1,295		Vornado Realty Trust		54
	521,371		Voya Financial, Inc		32,007
	9,428		Vulcan Materials Co		1,595
	1,129		W.R. Berkley Corp		83
	105,406		W.W. Grainger, Inc		41,431
	150,052		Wabtec Corp		12,936
	5,848		Walgreens Boots Alliance, Inc		275
	1,080,796		Walmart, Inc		150,641
	1,264,513	*	Walt Disney Co		213,918

236

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY	VALUE (000)
	2,083		Waste Connections, Inc	$	262
	3,360		Waste Management, Inc		502
	3,051	*	Waters Corp		1,090
	587	*,e	Wayfair, Inc		150
	2,510		WEC Energy Group, Inc		221
	4,854,848		Wells Fargo & Co		225,313
	65,573		Welltower, Inc		5,403
	59,969		West Pharmaceutical Services, Inc		25,459
	2,439	*	Western Digital Corp		138
	3,257		Western Union Co		66
	40,020		WestRock Co		1,994
	5,963		Weyerhaeuser Co		212
	40,066		Whirlpool Corp		8,168
	322,070		Williams Cos, Inc		8,354
	9,495		Willis Towers Watson plc		2,207
	1,504	*	Workday, Inc		376
	1,416		WP Carey, Inc		103
	12,967	*	Wynn Resorts Ltd		1,099
	75,749		Xcel Energy, Inc		4,734
	1,957		Xilinx, Inc		295
	1,433		Xylem, Inc		177
	325,222	*	YETI Holdings, Inc		27,868
	113,779		Yum! Brands, Inc		13,916
	426	*	Zebra Technologies Corp (Class A)		220
	944	*	Zendesk, Inc		110
	449	*	Zillow Group, Inc (Class A)		40
	1,290	*	Zillow Group, Inc (Class C)		114
	1,659		Zimmer Biomet Holdings, Inc		243
	116,268		Zoetis, Inc		22,572
	1,692	*	Zoom Video Communications, Inc		442
	649	*	Zscaler, Inc		170
			TOTAL UNITED STATES		16,000,166
			TOTAL COMMON STOCKS		26,866,890
			(Cost $20,951,260)
RIGHTS / WARRANTS - 0.0%
AUSTRALIA - 0.0%
	89,428	e	PointsBet Holdings Pty Ltd		103
			TOTAL AUSTRALIA		103
FRANCE - 0.0%
	102,859	e	Veolia Environnement S.A.		84
			TOTAL FRANCE		84
GERMANY - 0.0%
	708,176		Borussia Dortmund GmbH & Co KGaA		14
			TOTAL GERMANY		14
INDIA - 0.0%
	36,958		Bharti Airtel Ltd		75
			TOTAL INDIA		75

237

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

SHARES			COMPANY					VALUE (000)
KOREA, REPUBLIC OF - 0.0%
	74		Hyundai Engineering & Construction Co Ltd					$	5
	11,092		Samsung Heavy Industries Co Ltd						10
			TOTAL KOREA, REPUBLIC OF						15
SWITZERLAND - 0.0%
	193,679		Cie Financiere Richemont S.A.						91
			TOTAL SWITZERLAND						91
THAILAND - 0.0%
	137,069		BTS Group Holdings PCL						0
	274,138		BTS Group Holdings PCL						0
			TOTAL THAILAND						0
			TOTAL RIGHTS / WARRANTS						382
			(Cost $9)
PRINCIPAL			ISSUER	RATE			MATURITY DATE
SHORT-TERM INVESTMENTS - 3.2%
GOVERNMENT AGENCY DEBT - 1.5%
$	15,000,000		Federal Agricultural Mortgage Corp (FAMC)		0.000	%	10/21/21		15,000
	10,000,000		FAMC		0.000		11/30/21		9,999
	10,000,000		Federal Farm Credit Bank (FFCB)		0.000		01/26/22		9,999
	8,000,000		FFCB		0.000		02/28/22		7,998
	12,500,000		FFCB		0.000		03/01/22		12,497
	11,000,000		FFCB		0.000		07/25/22		10,993
	21,600,000		Federal Home Loan Bank (FHLB)		0.000		10/13/21		21,600
	7,675,000		FHLB		0.000		10/15/21		7,675
	41,444,000		FHLB		0.000		10/20/21		41,443
	6,952,000		FHLB		0.000		10/22/21		6,952
	10,000,000		FHLB		0.000		10/25/21		10,000
	37,000,000		FHLB		0.000		11/05/21		36,998
	30,000,000		FHLB		0.000		11/10/21		29,999
	7,334,000		FHLB		0.000		11/12/21		7,334
	25,000,000		FHLB		0.000		11/16/21		24,999
	5,050,000		FHLB		0.000		12/22/21		5,049
	25,000,000		FHLB		0.000		12/27/21		24,998
	13,230,000		FHLB		0.000		12/29/21		13,229
	25,000,000		FHLB		0.000		01/05/22		24,997
	20,000,000		FHLB		0.000		01/18/22		19,998
	25,000,000		FHLB		0.000		02/18/22		24,995
	25,000,000		FHLB		0.000		02/22/22		24,995
	21,400,000		FHLB		0.000		03/16/22		21,395
			TOTAL GOVERNMENT AGENCY DEBT						413,142
REPURCHASE AGREEMENT - 0.1%
	35,550,000	r	Fixed Income Clearing Corp (FICC)		0.010		10/01/21		35,550
			TOTAL REPURCHASE AGREEMENT						35,550
TREASURY DEBT - 0.1%
	21,827,000		United States Treasury Bill		0.000		10/28/21		21,826
			TOTAL TREASURY DEBT						21,826

238

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED - 1.5%
REPURCHASE AGREEMENT - 1.5%
$	31,000,000	s	Calyon		0.050	%	10/01/21	$	31,000
	35,000,000	t	Citigroup		0.060		10/01/21		35,000
	40,000,000	u	Deutsche Bank		0.050		10/01/21		40,000
	35,000,000	v	Goldman Sachs		0.050		10/01/21		35,000
	32,000,000	w	HSBC		0.050		10/01/21		32,000
	1,000,000	x	HSBC		0.051		10/06/21		1,000
	40,000,000	y	JP Morgan		0.050		10/01/21		40,000
	33,000,000	z	Merrill Lynch		0.050		10/01/21		33,000
	30,000,000	aa	Morgan Stanley		0.050		10/01/21		30,000
	40,000,000	ab	Nomura		0.050		10/01/21		40,000
	40,000,000	ac	Royal Bank of Scotland		0.050		10/01/21		40,000
	42,000,000	ad	Societe Generale		0.050		10/01/21		42,000
			TOTAL REPURCHASE AGREEMENT						399,000
			TOTAL INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED						399,000
			TOTAL SHORT-TERM INVESTMENTS						869,518
			(Cost $869,523)
			TOTAL INVESTMENTS - 101.3%						27,737,014
			(Cost $21,821,008)
			OTHER ASSETS & LIABILITIES, NET - (1.3)%						(363,201	)
			NET ASSETS - 100.0%					$	27,373,813

	Abbreviation(s):
ADR	American Depositary Receipt
CHF	Swiss Franc
ETF	Exchange Traded Fund
GDR	Global Depositary Receipt
INR	Indian Rupee
REIT	Real Estate Investment Trust
*	Non-income producing
^	Amount represents less than $1,000
†	Security is categorized as Level 3 in the fair value hierarchy
b	In bankruptcy
e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $536,007,543
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 9/30/21, the aggregate value of these securities is $860,745,190 or 3.1% of net assets.
h	All or a portion of these securities were purchased on a delayed delivery basis.
r	Agreement with Fixed Income Clearing Corporation, 0.010% dated 09/30/21 to be repurchased at $35,550,000 on 10/01/21, collateralized by U.S. Treasury Notes valued at $36,261,082.
s	Agreement with Calyon, 0.050% dated 9/30/21 to be repurchased at $31,000,000 on 10/01/21, collateralized by U.S. Government Agency Securities valued at $31,620,001.
t	Agreement with Citigroup, 0.060% dated 9/30/21 to be repurchased at $35,000,000 on 10/01/21, collateralized by U.S. Government Agency Securities valued at $35,700,118.
u	Agreement with Deutsche Bank, 0.050% dated 9/30/21 to be repurchased at $40,000,000 on 10/01/21, collateralized by U.S. Government Agency Securities valued at $40,800,077.
v	Agreement with Goldman Sachs, 0.050% dated 9/30/21 to be repurchased at $35,000,000 on 10/01/21, collateralized by U.S. Government Agency Securities valued at $35,700,064.
w	Agreement with HSBC Securities USA Inc, 0.050% dated 9/30/21 to be repurchased at $32,000,000 on 10/01/21, collateralized by U.S. Government Agency Securities valued at $32,640,080.
x	Agreement with HSBC Securities USA Inc, 0.051% dated 9/30/21 to be repurchased at $1,000,000 on 10/06/21, collateralized by U.S. Government Agency Securities valued at $1,020,000.

239

COLLEGE RETIREMENT EQUITIES FUND - Global Equities Account

y	Agreement with JP Morgan Securities LLC, 0.050% dated 9/30/21 to be repurchased at $40,000,000 on 10/01/21, collateralized by U.S. Government Agency Securities valued at $40,800,000.
z	Agreement with Merrill Lynch, 0.050% dated 9/30/21 to be repurchased at $33,000,000 on 10/01/21, collateralized by U.S. Government Agency Securities valued at $33,660,104.
aa	Agreement with Morgan Stanley & Co LLC, 0.050% dated 9/30/21 to be repurchased at $30,000,000 on 10/01/21, collateralized by U.S. Government Agency Securities valued at $36,600,000.
ab	Agreement with Nomura, 0.050% dated 9/30/21 to be repurchased at $40,000,000 on 10/01/21, collateralized by U.S. Government Agency Securities valued at $40,800,035.
ac	Agreement with Royal Bank of Scotland, 0.050% dated 9/30/21 to be repurchased at $40,000,000 on 10/01/21, collateralized by U.S. Government Agency Securities valued at $40,800,063.
ad	Agreement with Societe Generale, 0.050% dated 9/30/21 to be repurchased at $42,000,000 on 10/01/21, collateralized by U.S. Government Agency Securities valued at $42,840,027.
	Cost amounts are in thousands.

Futures contracts outstanding as of September 30, 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		808	12/17/21	$	95,094	$	91,587	$	(3,507	)
S&P 500 E Mini Index		995	12/17/21		222,328		213,813		(8,515	)
Total		1,803		$	317,422	$	305,400	$	(12,022	)

240

COLLEGE RETIREMENT EQUITIES FUND - Growth Account

COLLEGE RETIREMENT EQUITIES FUND

GROWTH ACCOUNT

SCHEDULE OF INVESTMENTS (unaudited)

September 30, 2021

SHARES			COMPANY	VALUE (000)
COMMON STOCKS - 99.5%
AUTOMOBILES & COMPONENTS - 2.6%
	1,023,597	*	Aptiv plc	$	152,485
	1,416,270	*	General Motors Co		74,652
	997,554	*	Tesla, Inc		773,583
			TOTAL AUTOMOBILES & COMPONENTS		1,000,720
CAPITAL GOODS - 3.2%
	8,157,553		Carrier Global Corp		422,235
	663,716		Deere & Co		222,391
	434,521	*	Generac Holdings, Inc		177,576
	958,688	*	Liberty Media Acquisition Corp		9,903
	530,171		Roper Technologies Inc		236,525
	1,190,167		Safran S.A.		150,533
			TOTAL CAPITAL GOODS		1,219,163
COMMERCIAL & PROFESSIONAL SERVICES - 1.3%
	415,276	*	Cimpress plc		36,058
	6,699,745	*	Clarivate Analytics plc		146,725
	3,231,963		Experian Group Ltd		135,387
	1,405,332		Waste Connections, Inc		176,974
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		495,144
CONSUMER DURABLES & APPAREL - 2.1%
	967,140		Essilor International S.A.		184,814
	2,660,565		Nike, Inc (Class B)		386,394
	1,894,869	*	Peloton Interactive, Inc		164,948
	11,709,500		Prada S.p.A		63,945
			TOTAL CONSUMER DURABLES & APPAREL		800,101
CONSUMER SERVICES - 3.6%
	115,250	*	Booking Holdings, Inc		273,589
	2,079,022	*	Caesars Entertainment, Inc		233,433
	5,914,374	*	Carnival Corp		147,918
	178,960	*	Chipotle Mexican Grill, Inc (Class A)		325,263
	546,457	*	Flutter Entertainment plc		107,486
	2,568,962		Starbucks Corp		283,382
			TOTAL CONSUMER SERVICES		1,371,071
DIVERSIFIED FINANCIALS - 6.0%
	8,050,962	*	Altimeter Growth Corp		69,641
	830,769		Capital One Financial Corp		134,560
	2,554,131		Charles Schwab Corp		186,043
	5,159,500	e	iShares Russell 1000 Growth Index Fund		1,413,909
	2,757,198		Morgan Stanley		268,303
	1,191,512	*	Ribbit LEAP Ltd		12,463
	466,510		S&P Global, Inc		198,215
			TOTAL DIVERSIFIED FINANCIALS		2,283,134

241

COLLEGE RETIREMENT EQUITIES FUND - Growth Account

SHARES			COMPANY	VALUE (000)
FOOD & STAPLES RETAILING - 2.1%
	1,757,994		Costco Wholesale Corp	$	789,955
			TOTAL FOOD & STAPLES RETAILING		789,955
FOOD, BEVERAGE & TOBACCO - 1.6%
	387,487		Constellation Brands, Inc (Class A)		81,640
	6,675,694		Davide Campari-Milano NV		93,775
	2,536,755		Keurig Dr Pepper, Inc		86,655
	3,665,880	*	Monster Beverage Corp		325,640
			TOTAL FOOD, BEVERAGE & TOBACCO		587,710
HEALTH CARE EQUIPMENT & SERVICES - 5.2%
	1,194,256		Alcon, Inc		96,700
	774,693	*	Align Technology, Inc		515,504
	701,902		Cigna Corp		140,493
	232,921		Cooper Cos, Inc		96,268
	870,759	*	DexCom, Inc		476,183
	823,975	*	Guardant Health, Inc		103,005
	378,671	*	Intuitive Surgical, Inc		376,456
	1,307,448	*,e	Oak Street Health, Inc		55,606
	409,194	*	Veeva Systems, Inc		117,917
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		1,978,132
HOUSEHOLD & PERSONAL PRODUCTS - 0.5%
	674,280		Estee Lauder Cos (Class A)		202,237
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		202,237
INSURANCE - 0.3%
	1,773,793		American International Group, Inc		97,364
	93,029	*	Bright Health Group, Inc		759
			TOTAL INSURANCE		98,123
MATERIALS - 1.1%
	308,452		Linde plc		90,493
	1,184,581		Sherwin-Williams Co		331,363
			TOTAL MATERIALS		421,856
MEDIA & ENTERTAINMENT - 14.8%
	1,114,020		Activision Blizzard, Inc		86,214
	469,447	*	Alphabet, Inc (Class A)		1,255,076
	389,846	*	Alphabet, Inc (Class C)		1,039,060
	2,537,915		Comcast Corp (Class A)		141,946
	898,787		Electronic Arts, Inc		127,852
	5,109,438	*	Facebook, Inc		1,734,092
	901,133	*	IAC		117,409
	3,118,195	*	Match Group, Inc		489,525
	306,298	*	Roku, Inc		95,979
	1,920,414		Tencent Holdings Ltd		114,646
	2,394,307	*	Twitter, Inc		144,592
	1,462,992	*	Vimeo, Inc		42,968

242

COLLEGE RETIREMENT EQUITIES FUND - Growth Account

SHARES			COMPANY	VALUE (000)
	855,983	*	Walt Disney Co	$	144,807
	1,672,196	*	ZoomInfo Technologies, Inc		102,322
			TOTAL MEDIA & ENTERTAINMENT		5,636,488
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 5.4%
	1,240,527		AstraZeneca plc		149,506
	3,703,695		AstraZeneca plc (ADR)		222,444
	10,769,683	*	Avantor, Inc		440,480
	447,880		Eli Lilly & Co		103,483
	3,530,903	*	Horizon Therapeutics Plc		386,775
	554,065	*	Illumina, Inc		224,734
	2,728,335		Zoetis, Inc		529,679
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		2,057,101
RETAILING - 10.9%
	552,657	*	Alibaba Group Holding Ltd (ADR)		81,821
	848,672	*	Amazon.com, Inc		2,787,922
	823,511	*	ASOS plc		33,310
	953,350	*	Burlington Stores, Inc		270,342
	1,204,566	*	CarMax, Inc		154,136
	2,386,724	*	Coupang, Inc		66,470
	5,582,500	*	ironSource Ltd		60,682
	2,559,927	*,e	Just Eat Takeaway.com NV (ADR)		37,196
	153,102		Kering		108,742
	1,659,114		Lowe’s Companies, Inc		336,568
	2,970,028		TJX Companies, Inc		195,962
			TOTAL RETAILING		4,133,151
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 6.6%
	1,799,610		Applied Materials, Inc		231,664
	411,195		Broadcom, Inc		199,401
	524,735		Lam Research Corp		298,653
	2,321,990		Marvell Technology, Inc		140,039
	382,280		Monolithic Power Systems, Inc		185,283
	4,905,305		NVIDIA Corp		1,016,183
	867,345		NXP Semiconductors NV		169,887
	938,662		QUALCOMM, Inc		121,068
	1,193,281		Taiwan Semiconductor Manufacturing Co Ltd (ADR)		133,230
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		2,495,408
SOFTWARE & SERVICES - 26.3%
	59,663	*,g	Adyen NV		166,780
	468,046	*	Crowdstrike Holdings, Inc		115,036
	612,701	*	DocuSign, Inc		157,728
	377,972	*	EPAM Systems, Inc		215,625
	1,273,607		Intuit, Inc		687,124
	2,267,823	*,e	ironSource Ltd		24,651
	2,153,458		Mastercard, Inc (Class A)		748,714
	11,192,213		Microsoft Corp		3,155,309
	4,185,599	*	PayPal Holdings, Inc		1,089,135
	1,516,154	*	Qualtrics International, Inc		64,800
	3,996,757	*	salesforce.com, Inc		1,084,000
	800,115	*	ServiceNow, Inc		497,888

243

COLLEGE RETIREMENT EQUITIES FUND - Growth Account

SHARES			COMPANY	VALUE (000)
	37,407	*	Shopify, Inc (Class A)	$	50,716
	1,194,168	*	Square, Inc		286,409
	578,362	*	Synopsys, Inc		173,167
	966,238	*	Twilio, Inc		308,278
	1,720,205	*,e	UiPath, Inc		90,500
	4,193,674		Visa, Inc (Class A)		934,141
	628,910	*	Zscaler, Inc		164,913
			TOTAL SOFTWARE & SERVICES		10,014,914
TECHNOLOGY HARDWARE & EQUIPMENT - 4.2%
	11,378,739		Apple, Inc		1,610,092
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		1,610,092
TELECOMMUNICATION SERVICES - 0.3%
	1,695,262	g	Cellnex Telecom SAU		104,666
			TOTAL TELECOMMUNICATION SERVICES		104,666
TRANSPORTATION - 1.4%
	5,594,307	*	Uber Technologies, Inc		250,625
	1,480,937		Union Pacific Corp		290,278
			TOTAL TRANSPORTATION		540,903
			TOTAL COMMON STOCKS		37,840,069
			(Cost $29,473,919)

PRINCIPAL			ISSUER	RATE			MATURITY  DATE
SHORT-TERM INVESTMENTS - 0.7%
GOVERNMENT AGENCY DEBT - 0.5%
$	33,153,000		Federal Home Loan Bank (FHLB)		0.000	%	10/04/21	33,153
	34,189,000		FHLB		0.000		10/13/21	34,189
	25,000,000		FHLB		0.000		10/20/21	25,000
	13,169,000		FHLB		0.000		10/21/21	13,169
	20,000,000		FHLB		0.000		10/25/21	20,000
	25,130,000		FHLB		0.000		10/27/21	25,129
	13,500,000		FHLB		0.000		10/29/21	13,500
	10,000,000		FHLB		0.000		12/29/21	9,999
	30,000,000		Tennessee Valley Authority		0.000		10/13/21	30,000
			TOTAL GOVERNMENT AGENCY DEBT					204,139
TREASURY DEBT - 0.1%
	16,195,000		United States Treasury Bill		0.000		10/07/21	16,195
			TOTAL TREASURY DEBT					16,195
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.1%
	28,268,404	c	State Street Navigator Securities Lending Government Money Market Portfolio		0.030			28,268
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES					28,268

244

COLLEGE RETIREMENT EQUITIES FUND - Growth Account

ISSUER	VALUE (000)
TOTAL SHORT-TERM INVESTMENTS	$	248,602
(Cost $248,601)
TOTAL INVESTMENTS - 100.2%		38,088,671
(Cost $29,722,520)
OTHER ASSETS & LIABILITIES, NET - (0.2)%		(70,702	)
NET ASSETS - 100.0%	$	38,017,969

	Abbreviation(s):
ADR	American Depositary Receipt
*	Non-income producing
c	Investments made with cash collateral received from securities on loan.
e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $39,313,401.
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 9/30/21, the aggregate value of these securities is $271,445,228 or 0.7% of net assets.
	Cost amounts are in thousands.

Written options outstanding as of September 30, 2021 were as follows (notional amounts and values are in thousands):

Description/underlying investment	Number of contracts		Notional amount			Exercise price		Expiration date	Value
Intuitive Surgical, Inc, Put		102	$	(326	)	$	1,030 .00	10/15/21	$	(459	)
Intuitive Surgical, Inc, Put		103		(377	)		1,040 .00	10/15/21		(456	)
Total		205		(703	)				$	(915	)

245

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

COLLEGE RETIREMENT EQUITIES FUND

EQUITY INDEX ACCOUNT

SCHEDULE OF INVESTMENTS (unaudited)

September 30, 2021

PRINCIPAL		ISSUER	RATE		MATURITY DATE	VALUE (000)
BONDS - 0.0%
CORPORATE BONDS - 0.0%
DIVERSIFIED FINANCIALS - 0.0%
$	8,000	GAMCO Investors, Inc	4.000	%	06/15/23	$	8
		TOTAL DIVERSIFIED FINANCIALS					8
		TOTAL CORPORATE BONDS					8
		(Cost $8)
		TOTAL BONDS					8
		(Cost $8)

SHARES			COMPANY
COMMON STOCKS - 99.8%
AUTOMOBILES & COMPONENTS - 2.0%
	49,971	*	Adient plc	2,071
	60,325	*	American Axle & Manufacturing Holdings, Inc	531
	148,623	*	Aptiv plc	22,140
	14,947	*,e	Arcimoto, Inc	171
	131,607		BorgWarner, Inc	5,687
	43,545	*,e	Canoo, Inc	335
	12,534	*	Cooper-Standard Holding, Inc	275
	76,541		Dana Inc	1,702
	12,642	*	Dorman Products, Inc	1,197
	86,619	*,e	Fisker, Inc	1,269
	2,113,987	*	Ford Motor Co	29,934
	23,054	*	Fox Factory Holding Corp	3,332
	747,392	*	General Motors Co	39,395
	132,724		Gentex Corp	4,377
	18,149	*	Gentherm, Inc	1,469
	150,840	*	Goodyear Tire & Rubber Co	2,670
	87,213		Harley-Davidson, Inc	3,193
	12,667		LCI Industries, Inc	1,705
	32,974		Lear Corp	5,160
	61,192	*,e	Lordstown Motors Corp	488
	36,302	*	Modine Manufacturing Co	411
	13,147	*	Motorcar Parts of America, Inc	256
	12,396		Patrick Industries, Inc	1,033
	111,576	*,e	QuantumScape Corp	2,738
	11,405		Standard Motor Products, Inc	499
	20,247	*	Stoneridge, Inc	413
	38,574	*	Tenneco, Inc	550
	433,013	*	Tesla, Inc	335,793
	29,413		Thor Industries, Inc	3,611

246

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	16,494	*	Visteon Corp	$	1,557
	17,654		Winnebago Industries, Inc		1,279
	67,449	*,e	Workhorse Group, Inc		516
	9,934	*	XPEL, Inc		754
			TOTAL AUTOMOBILES & COMPONENTS		476,511
BANKS - 4.6%
	12,408		1st Source Corp		586
	7,958		Allegiance Bancshares, Inc		304
	9,341		Altabancorp		412
	12,491	*	Amerant Bancorp Inc		309
	5,882		American National Bankshares, Inc		194
	38,500		Ameris Bancorp		1,997
	8,940		Arrow Financial Corp		307
	85,309		Associated Banc-Corp		1,827
	14,762	*	Atlantic Capital Bancshares, Inc		391
	42,326		Atlantic Union Bankshares Corp		1,560
	31,941	*	Axos Financial, Inc		1,646
	31,112		Banc of California, Inc		575
	11,574		Bancfirst Corp		696
	62,103		BancorpSouth Bank		1,849
	3,732	e	Bank First Corp		264
	4,021,807		Bank of America Corp		170,726
	23,380		Bank of Hawaii Corp		1,921
	7,728		Bank of Marin Bancorp		292
	27,371		Bank of NT Butterfield & Son Ltd		972
	68,657		Bank OZK		2,951
	50,841		BankUnited		2,126
	18,925		Banner Corp		1,045
	11,016		Bar Harbor Bankshares		309
	26,834		Berkshire Hills Bancorp, Inc		724
	15,941		BOK Financial Corp		1,427
	54,590		Brookline Bancorp, Inc		833
	12,987		Bryn Mawr Bank Corp		597
	6,436		Business First Bancshares, Inc		151
	5,576		Byline Bancorp, Inc		137
	65,383		Cadence BanCorp		1,436
	2,502		Cambridge Bancorp		220
	11,436		Camden National Corp		548
	9,158		Capital City Bank Group, Inc		227
	33,828		Capitol Federal Financial		389
	5,956		Capstar Financial Holdings, Inc		126
	14,623	*	Carter Bankshares, Inc		208
	40,414		Cathay General Bancorp		1,673
	12,633		CBTX, Inc		333
	21,511		Central Pacific Financial Corp		552
	2,245		Century Bancorp, Inc		259
	54,177		CIT Group, Inc		2,814
	1,100,588		Citigroup, Inc		77,239
	9,568		Citizens & Northern Corp		242
	233,465		Citizens Financial Group, Inc		10,968
	10,955		City Holding Co		853
	7,262		Civista Bancshares, Inc		169
	9,772		CNB Financial Corp		238

247

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	39,274		Columbia Banking System, Inc	$	1,492
	33,673	*	Columbia Financial, Inc		623
	76,653		Comerica, Inc		6,171
	55,789		Commerce Bancshares, Inc		3,887
	29,222		Community Bank System, Inc		1,999
	1,585		Community Trust Bancorp, Inc		67
	21,722		ConnectOne Bancorp, Inc		652
	29,153	*	CrossFirst Bankshares, Inc		379
	31,366		Cullen/Frost Bankers, Inc		3,721
	19,196	*	Customers Bancorp, Inc		826
	75,634		CVB Financial Corp		1,541
	19,153		Dime Community Bancshares, Inc		626
	17,266		Eagle Bancorp, Inc		993
	77,531		East West Bancorp, Inc		6,012
	94,260		Eastern Bankshares, Inc		1,913
	6,481		Enterprise Bancorp, Inc		233
	16,077		Enterprise Financial Services Corp		728
	7,477		Equity Bancshares, Inc		250
	53,471		Essent Group Ltd		2,353
	18,150		Farmers National Banc Corp		285
	13,107		FB Financial Corp		562
	1,343		Federal Agricultural Mortgage Corp (FAMC)		146
	373,551		Fifth Third Bancorp		15,853
	10,211		Financial Institutions, Inc		313
	15,371		First Bancorp (NC)		661
	114,850		First Bancorp (Puerto Rico)		1,510
	6,485		First Bancorp, Inc		189
	6,018		First Bancshares, Inc		233
	26,747		First Busey Corp		659
	3,317	e	First Citizens Bancshares, Inc (Class A)		2,797
	52,091		First Commonwealth Financial Corp		710
	12,139		First Community Bancshares, Inc		385
	52,485		First Financial Bancorp		1,229
	70,877		First Financial Bankshares, Inc		3,257
	8,330		First Financial Corp		350
	19,660		First Foundation, Inc		517
	71,845		First Hawaiian, Inc		2,109
	308,284		First Horizon National Corp		5,022
	4,089		First Internet Bancorp		127
	18,329		First Interstate Bancsystem, Inc		738
	29,933		First Merchants Corp		1,252
	7,120		First Mid-Illinois Bancshares, Inc		292
	63,811		First Midwest Bancorp, Inc		1,213
	15,462		First of Long Island Corp		319
	96,350		First Republic Bank		18,584
	28,089		Flagstar Bancorp, Inc		1,426
	20,105		Flushing Financial Corp		454
	181,165		FNB Corp		2,105
	84,379		Fulton Financial Corp		1,289
	14,703		German American Bancorp, Inc		568
	55,696		Glacier Bancorp, Inc		3,083
	7,809		Great Southern Bancorp, Inc		428
	30,231		Great Western Bancorp, Inc		990

248

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	1,346		Guaranty Bancshares, Inc	$	48
	47,878		Hancock Whitney Corp		2,256
	23,963		Hanmi Financial Corp		481
	16,668		HarborOne Northeast Bancorp, Inc		234
	13,408		Heartland Financial USA, Inc		645
	25,661		Heritage Commerce Corp		298
	22,188		Heritage Financial Corp		566
	35,248		Hilltop Holdings, Inc		1,152
	997		Hingham Institution for Savings		336
	4,264		Home Bancorp, Inc		165
	81,882		Home Bancshares, Inc		1,927
	15,022		HomeStreet, Inc		618
	13,541		HomeTrust Bancshares, Inc		379
	64,875		Hope Bancorp, Inc		937
	23,268		Horizon Bancorp		423
	6,001	*	Howard Bancorp, Inc		122
	814,102		Huntington Bancshares, Inc		12,586
	17,987		Independent Bank Corp (MA)		1,370
	17,558		Independent Bank Corp (MI)		377
	20,253		Independent Bank Group, Inc		1,439
	29,344		International Bancshares Corp		1,222
	129,084		Investors Bancorp, Inc		1,950
	1,612,445		JPMorgan Chase & Co		263,941
	39,857		Kearny Financial Corp		495
	534,261		Keycorp		11,551
	32,502		Lakeland Bancorp, Inc		573
	13,317		Lakeland Financial Corp		949
	14,926		Live Oak Bancshares, Inc		950
	70,925		M&T Bank Corp		10,592
	19,210		Macatawa Bank Corp		154
	12,428		Mercantile Bank Corp		398
	5,375		Merchants Bancorp		212
	25,515		Meridian Bancorp, Inc		530
	20,574		Meta Financial Group, Inc		1,080
	4,420	*	Metropolitan Bank Holding Corp		373
	183,256		MGIC Investment Corp		2,741
	10,800		Midland States Bancorp, Inc		267
	7,821		MidWestOne Financial Group, Inc		236
	34,360	*	Mr Cooper Group, Inc		1,415
	5,369		MVB Financial Corp		230
	19,324		National Bank Holdings Corp		782
	23,025		NBT Bancorp, Inc		832
	244,821		New York Community Bancorp, Inc		3,151
	6,480	*	Nicolet Bankshares, Inc		481
	38,864	*	NMI Holdings, Inc		879
	33,024		Northfield Bancorp, Inc		567
	5,019		Northrim BanCorp, Inc		213
	66,760		Northwest Bancshares, Inc		887
	30,487		OceanFirst Financial Corp		653
	33,903		OFG Bancorp		855
	89,043		Old National Bancorp		1,509
	21,667		Old Second Bancorp, Inc		283
	11,057		Origin Bancorp, Inc		468
	5,318		Orrstown Financial Services, Inc		124

249

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	51,153		Pacific Premier Bancorp, Inc	$	2,120
	66,007		PacWest Bancorp		2,991
	7,855		Park National Corp		958
	13,465		PCSB Financial Corp		248
	11,582		Peapack Gladstone Financial Corp		386
	17,636		PennyMac Financial Services, Inc		1,078
	17,527		Peoples Bancorp, Inc		554
	5,712		Peoples Financial Services Corp		260
	233,553		People’s United Financial, Inc		4,080
	41,191		Pinnacle Financial Partners, Inc		3,875
	228,619		PNC Financial Services Group, Inc		44,727
	47,405		Popular, Inc		3,682
	8,859		Preferred Bank		591
	20,188		Premier Financial Corp		643
	8,140		Primis Financial Corp		118
	48,715		Prosperity Bancshares, Inc		3,465
	6,589		Provident Bancorp Inc		106
	41,409		Provident Financial Services, Inc		972
	8,729		QCR Holdings, Inc		449
	98,093		Radian Group, Inc		2,229
	9,265		RBB Bancorp		234
	528,274		Regions Financial Corp		11,258
	4,712		Reliant Bancorp Inc		149
	30,881		Renasant Corp		1,113
	6,104		Republic Bancorp, Inc (Class A)		309
	34,776	*	Republic First Bancorp, Inc		107
	74,318	e	Rocket Cos, Inc		1,192
	25,676		S&T Bancorp, Inc		757
	22,606		Sandy Spring Bancorp, Inc		1,036
	28,631		Seacoast Banking Corp of Florida		968
	24,631		ServisFirst Bancshares, Inc		1,916
	8,919		Sierra Bancorp		217
	31,566		Signature Bank		8,595
	12,494	*	Silvergate Capital Corp		1,443
	55,218		Simmons First National Corp (Class A)		1,632
	5,382		SmartFinancial, Inc		139
	38,679		South State Corp		2,888
	4,079	*	Southern First Bancshares, Inc		218
	4,139		Southern Missouri Bancorp, Inc		186
	20,042		Southside Bancshares, Inc		767
	104,925		Sterling Bancorp		2,619
	11,262		Stock Yards Bancorp, Inc		660
	6,101		Summit Financial Group, Inc		150
	30,726	*	SVB Financial Group		19,876
	85,330		Synovus Financial Corp		3,745
	27,678	*	Texas Capital Bancshares, Inc		1,661
	34,383		TFS Financial Corp		655
	35,393	*	The Bancorp, Inc		901
	7,797		Tompkins Financial Corp		631
	36,656		Towne Bank		1,140
	19,212		Trico Bancshares		834
	16,178	*	Tristate Capital Holdings, Inc		342
	10,668	*	Triumph Bancorp, Inc		1,068

250

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	729,815		Truist Financial Corp	$	42,804
	14,208		TrustCo Bank Corp NY		454
	34,442		Trustmark Corp		1,110
	23,900		UMB Financial Corp		2,311
	117,477		Umpqua Holdings Corp		2,379
	68,198		United Bankshares, Inc		2,481
	43,715		United Community Banks, Inc		1,435
	19,117		Univest Financial Corp		524
	729,364		US Bancorp		43,353
	23,393		UWM Holdings Corp		163
	218,557		Valley National Bancorp		2,909
	22,054		Veritex Holdings, Inc		868
	15,960		Walker & Dunlop, Inc		1,811
	39,374		Washington Federal, Inc		1,351
	10,818		Washington Trust Bancorp, Inc		573
	19,189		Waterstone Financial, Inc		393
	51,153		Webster Financial Corp		2,786
	2,253,161		Wells Fargo & Co		104,569
	35,637		WesBanco, Inc		1,214
	11,970		West Bancorporation, Inc		359
	14,217		Westamerica Bancorporation		800
	55,378		Western Alliance Bancorp		6,026
	31,127		Wintrust Financial Corp		2,502
	25,658		WSFS Financial Corp		1,316
	90,905		Zions Bancorporation		5,626
			TOTAL BANKS		1,110,700
CAPITAL GOODS - 5.9%
	313,273		3M Co		54,954
	72,697		A.O. Smith Corp		4,440
	21,498		Aaon, Inc		1,405
	23,226	*	AAR Corp		753
	19,422		Acuity Brands, Inc		3,367
	31,531		Advanced Drainage Systems, Inc		3,411
	76,752	*	Aecom Technology Corp		4,847
	39,078		Aerojet Rocketdyne Holdings, Inc		1,702
	12,268	*	Aerovironment, Inc		1,059
	34,274		AGCO Corp		4,200
	56,080		Air Lease Corp		2,206
	5,427		Alamo Group, Inc		757
	16,794		Albany International Corp (Class A)		1,291
	49,318		Allegion plc		6,519
	6,739		Allied Motion Technologies, Inc		211
	59,839		Allison Transmission Holdings, Inc		2,113
	35,359		Altra Industrial Motion Corp		1,957
	13,776	*	Ameresco, Inc		805
	15,290	*	American Superconductor Corp		223
	10,171	*	American Woodmark Corp		665
	122,153		Ametek, Inc		15,148
	98,441	*,g	API Group Corp		2,003
	13,802		Apogee Enterprises, Inc		521
	21,181		Applied Industrial Technologies, Inc		1,909
	26,444		Arcosa, Inc		1,327
	10,471		Argan, Inc		457

251

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	26,334		Armstrong World Industries, Inc	$	2,514
	69,116	*	Array Technologies, Inc		1,280
	15,250		Astec Industries, Inc		821
	15,755	*	Astronics Corp		221
	23,836	*	Atkore International Group, Inc		2,072
	35,579	*	Axon Enterprise, Inc		6,227
	60,195	*	AZEK Co, Inc		2,199
	13,571		AZZ, Inc		722
	30,289	*	Babcock & Wilcox Enterprises, Inc		194
	25,595		Barnes Group, Inc		1,068
	30,067	*	Beacon Roofing Supply, Inc		1,436
	19,926	*,e	Blink Charging Co		570
	75,992	*,e	Bloom Energy Corp		1,423
	3,946	*	Blue Bird Corp		82
	4,896	*,e	BlueLinx Holdings, Inc		239
	291,815	*	Boeing Co		64,182
	21,496		Boise Cascade Co		1,160
	112,573	*	Builders FirstSource, Inc		5,824
	52,184		BWX Technologies, Inc		2,811
	14,163	e	Caesarstone Sdot-Yam Ltd		176
	8,775		CAI International, Inc		491
	27,634		Carlisle Cos, Inc		5,493
	468,776		Carrier Global Corp		24,264
	298,557		Caterpillar, Inc		57,314
	68,727	*,e	ChargePoint Holdings, Inc		1,374
	19,930	*	Chart Industries, Inc		3,809
	12,045	*	CIRCOR International, Inc		398
	64,286	*	Colfax Corp		2,951
	14,727		Columbus McKinnon Corp		712
	19,457		Comfort Systems USA, Inc		1,388
	11,212	*	Construction Partners Inc		374
	18,969	*	Core & Main, Inc		497
	29,151	*	Cornerstone Building Brands, Inc		426
	27,810		Crane Co		2,637
	7,468		CSW Industrials, Inc		954
	76,393		Cummins, Inc		17,155
	22,308		Curtiss-Wright Corp		2,815
	153,669		Deere & Co		51,490
	45,611	*,e	Desktop Metal, Inc		327
	63,656		Donaldson Co, Inc		3,654
	16,771		Douglas Dynamics, Inc		609
	75,978		Dover Corp		11,815
	8,048	*	Ducommun, Inc		405
	11,117	*	DXP Enterprises, Inc		329
	16,954	*	Dycom Industries, Inc		1,208
	215,933		Eaton Corp		32,241
	28,208		EMCOR Group, Inc		3,255
	323,910		Emerson Electric Co		30,512
	10,981		Encore Wire Corp		1,041
	24,905	*	Energy Recovery, Inc		474
	32,971		Enerpac Tool Group Corp		683
	25,301		EnerSys		1,883
	11,263		EnPro Industries, Inc		981

252

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	23,158	*,e	Eos Energy Enterprises, Inc	$	325
	13,003		ESCO Technologies, Inc		1,001
	2,576	*	EVI Industries, Inc		70
	63,155	*	Evoqua Water Technologies Corp		2,372
	306,228		Fastenal Co		15,804
	32,884		Federal Signal Corp		1,270
	71,435		Flowserve Corp		2,477
	77,505	*	Fluor Corp		1,238
	174,063		Fortive Corp		12,284
	75,096		Fortune Brands Home & Security, Inc		6,715
	25,145		Franklin Electric Co, Inc		2,008
	176,294	*,e	FuelCell Energy, Inc		1,179
	30,738	*	Gates Industrial Corp plc		500
	19,270		GATX Corp		1,726
	33,699	*	Generac Holdings, Inc		13,772
	133,684		General Dynamics Corp		26,206
	595,582		General Electric Co		61,363
	17,907	*	Gibraltar Industries, Inc		1,247
	9,938		Global Industrial Co		377
	23,326	*	GMS, Inc		1,022
	12,385	e	Gorman-Rupp Co		443
	85,810		Graco, Inc		6,004
	95,580		GrafTech International Ltd		986
	24,972		Granite Construction, Inc		988
	44,924	*	Great Lakes Dredge & Dock Corp		678
	19,838		Greenbrier Cos, Inc		853
	20,793		Griffon Corp		511
	17,554		H&E Equipment Services, Inc		609
	24,611		HEICO Corp		3,245
	43,210		HEICO Corp (Class A)		5,117
	16,194		Helios Technologies, Inc		1,330
	13,619	*	Herc Holdings, Inc		2,226
	48,986	*	Hexcel Corp		2,909
	41,016		Hillenbrand, Inc		1,749
	377,681		Honeywell International, Inc		80,174
	215,275		Howmet Aerospace, Inc		6,717
	30,217		Hubbell, Inc		5,459
	21,636		Huntington Ingalls		4,177
	20,974	*	Hydrofarm Holdings Group, Inc		794
	63,978	*,e	Hyliion Holdings Corp		537
	7,224		Hyster-Yale Materials Handling, Inc		363
	223,148	*,e	Ideanomics Inc		440
	39,537		IDEX Corp		8,182
	5,334	*	IES Holdings, Inc		244
	170,786		Illinois Tool Works, Inc		35,289
	219,998	*	Ingersoll Rand, Inc		11,090
	13,472		Insteel Industries, Inc		513
	46,862		ITT, Inc		4,023
	45,832	*	JELD-WEN Holding, Inc		1,147
	16,888		John Bean Technologies Corp		2,374
	386,491		Johnson Controls International plc		26,312
	5,348		Kadant, Inc		1,091
	15,070		Kaman Corp		538
	45,625		Kennametal, Inc		1,562

253

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	66,946	*	Kratos Defense & Security Solutions, Inc	$	1,494
	108,352		L3Harris Technologies, Inc		23,863
	4,456	*	Lawson Products, Inc		223
	18,711		Lennox International, Inc		5,504
	28,514		Lincoln Electric Holdings, Inc		3,672
	5,950		Lindsay Corp		903
	133,700		Lockheed Martin Corp		46,140
	17,575		Luxfer Holdings plc		345
	12,223	*	Lydall, Inc		759
	22,630	*	Manitowoc Co, Inc		485
	139,003		Masco Corp		7,722
	13,395	*	Masonite International Corp		1,422
	31,664	*	Mastec, Inc		2,732
	19,934	*	Matrix Service Co		208
	38,365		Maxar Technologies, Inc		1,086
	13,177		McGrath RentCorp		948
	30,340	*	Mercury Systems, Inc		1,439
	34,734	*	Meritor, Inc		740
	30,281	*	Middleby Corp		5,163
	7,280		Miller Industries, Inc		248
	15,909		Moog, Inc (Class A)		1,213
	43,932	*	MRC Global, Inc		322
	25,456		MSC Industrial Direct Co (Class A)		2,041
	21,110		Mueller Industries, Inc		868
	85,916		Mueller Water Products, Inc (Class A)		1,308
	10,993	*	MYR Group, Inc		1,094
	3,534		National Presto Industries, Inc		290
	109,431	*,e	Nikola Corp		1,168
	19,066	*	NN, Inc		100
	30,222		Nordson Corp		7,197
	81,627		Northrop Grumman Corp		29,398
	6,891	*	Northwest Pipe Co		163
	78,206	*	NOW, Inc		598
	5,211	*	NV5 Global Inc		514
	87,536		nVent Electric plc		2,830
	2,354	e	Omega Flex, Inc		336
	38,204		Oshkosh Corp		3,911
	230,670		Otis Worldwide Corp		18,979
	52,288		Owens Corning, Inc		4,471
	182,332		PACCAR, Inc		14,390
	35,158	*	PAE, Inc		210
	14,228		Park Aerospace Corp		195
	69,765		Parker-Hannifin Corp		19,508
	6,136		Park-Ohio Holdings Corp		157
	12,058	*	Parsons Corp		407
	88,369		Pentair plc		6,418
	36,380	*	PGT Innovations, Inc		695
	274,975	*	Plug Power, Inc		7,023
	7,077		Powell Industries, Inc		174
	1,801		Preformed Line Products Co		117
	28,783		Primoris Services Corp		705
	15,505	*	Proto Labs, Inc		1,033
	25,291		Quanex Building Products Corp		541

254

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	75,730		Quanta Services, Inc	$	8,620
	19,463	*	Raven Industries, Inc		1,121
	822,436		Raytheon Technologies Corp		70,697
	13,498	*	RBC Bearings, Inc		2,864
	20,978		Regal-Beloit Corp		3,154
	82,950	*	Resideo Technologies, Inc		2,056
	8,757		REV Group, Inc		150
	65,462		Rexnord Corp		4,209
	63,793		Rockwell Automation, Inc		18,758
	67,835	*,e	Romeo Power, Inc		336
	56,743		Roper Technologies Inc		25,315
	22,440		Rush Enterprises, Inc (Class A)		1,013
	6,895		Rush Enterprises, Inc (Class B)		316
	88,808	*	Sensata Technologies Holding plc		4,860
	50,036	*	Shoals Technologies Group, Inc		1,395
	18,886		Shyft Group, Inc		718
	23,778		Simpson Manufacturing Co, Inc		2,544
	24,415	*	SiteOne Landscape Supply, Inc		4,870
	28,698		Snap-On, Inc		5,996
	59,911		Spirit Aerosystems Holdings, Inc (Class A)		2,647
	23,935	*	SPX Corp		1,279
	23,001		SPX FLOW, Inc		1,681
	8,333		Standex International Corp		824
	86,148		Stanley Black & Decker, Inc		15,103
	34,176	*	Stem, Inc		816
	18,886	*	Sterling Construction Co, Inc		428
	109,516	*	Sunrun, Inc		4,819
	10,075		Tennant Co		745
	35,787		Terex Corp		1,507
	26,155	*	Textainer Group Holdings Ltd		913
	123,961		Textron, Inc		8,654
	8,048	*	The ExOne Company		188
	24,419	*	Thermon Group Holdings		423
	35,263		Timken Co		2,307
	27,553	*	Titan International, Inc		197
	11,613	*	Titan Machinery, Inc		301
	54,608		Toro Co		5,319
	19,490	*	TPI Composites, Inc		658
	128,698		Trane Technologies plc		22,220
	3,856	*	Transcat Inc		249
	28,405	*	TransDigm Group, Inc		17,741
	63,333	*	Trex Co, Inc		6,456
	23,586	*	Trimas Corp		763
	47,350		Trinity Industries, Inc		1,286
	28,650		Triton International Ltd		1,491
	32,779	*	Triumph Group, Inc		611
	27,269	*	Tutor Perini Corp		354
	31,994		UFP Industries, Inc		2,175
	39,824	*	United Rentals, Inc		13,975
	91,890	*	Univar Solutions Inc		2,189
	10,628		Valmont Industries, Inc		2,499
	7,860	*	Vectrus, Inc		395
	7,828	*	Veritiv Corp		701
	154,466		Vertiv Holdings Co		3,721

255

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	12,845	*	Vicor Corp	$	1,723
	46,216	*,e	View, Inc		250
	96,965	*,e	Virgin Galactic Holdings, Inc		2,453
	24,542		W.W. Grainger, Inc		9,646
	28,077		Wabash National Corp		425
	99,754		Wabtec Corp		8,600
	17,942		Watsco, Inc		4,748
	12,667		Watts Water Technologies, Inc (Class A)		2,129
	71,352	*	Welbilt, Inc		1,658
	24,302	*	WESCO International, Inc		2,802
	3,392	*	Willis Lease Finance Corp		126
	98,203	*	WillScot Mobile Mini Holdings Corp		3,115
	30,482		Woodward Inc		3,451
	95,020		Xylem, Inc		11,752
			TOTAL CAPITAL GOODS		1,420,035
COMMERCIAL & PROFESSIONAL SERVICES - 1.2%
	40,285		ABM Industries, Inc		1,813
	37,820	*	Acacia Research (Acacia Technologies)		257
	5,587		ACCO Brands Corp		48
	86,801		ADT, Inc		702
	27,574	*	ASGN Inc		3,120
	5,145		Barrett Business Services, Inc		392
	73,456		Booz Allen Hamilton Holding Co		5,829
	22,496		Brady Corp (Class A)		1,141
	16,522	*	BrightView Holdings, Inc		244
	26,557	e	Brink’s Co		1,681
	12,641	*	CACI International, Inc (Class A)		3,313
	26,846	*	Casella Waste Systems, Inc (Class A)		2,039
	27,294	*	CBIZ, Inc		883
	18,496	*	Ceco Environmental Corp		130
	8,021	*	Cimpress plc		696
	47,009		Cintas Corp		17,894
	226,376	*	Clarivate Analytics plc		4,958
	27,814	*	Clean Harbors, Inc		2,889
	111,447	*	Copart, Inc		15,460
	49,610	*	CoreCivic, Inc		442
	215,260	*	CoStar Group, Inc		18,525
	65,371		Covanta Holding Corp		1,315
	3,881		CRA International, Inc		386
	22,984		Deluxe Corp		825
	20,676	*	Driven Brands Holdings, Inc		597
	87,944	*	Dun & Bradstreet Holdings, Inc		1,478
	20,052		Ennis, Inc		378
	64,659		Equifax, Inc		16,386
	28,338		Exponent, Inc		3,206
	15,944	*	First Advantage Corp		304
	7,582	*	Forrester Research, Inc		374
	7,620	*	Franklin Covey Co		311
	18,215	*	FTI Consulting, Inc		2,454
	9,864	*	GP Strategies Corp		204
	42,732	*	Harsco Corp		724
	40,910		Healthcare Services Group		1,022

256

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	14,300		Heidrick & Struggles International, Inc	$	638
	8,893	*	Heritage-Crystal Clean, Inc		258
	37,280		Herman Miller, Inc		1,404
	23,758		HNI Corp		872
	15,850	*	Huron Consulting Group, Inc		824
	74,086	*	IAA, Inc		4,043
	10,095		ICF International, Inc		901
	200,970		IHS Markit Ltd		23,437
	19,828		Insperity, Inc		2,196
	44,581		Interface, Inc		675
	71,004		Jacobs Engineering Group, Inc		9,410
	67,918	*	KAR Auction Services, Inc		1,113
	77,169		KBR, Inc		3,040
	20,372		Kelly Services, Inc (Class A)		385
	11,207		Kforce, Inc		668
	25,171		Kimball International, Inc (Class B)		282
	29,134		Korn/Ferry International		2,108
	10,217	*	Legalzoom.com, Inc		270
	77,553		Leidos Holdings, Inc		7,455
	31,415		Manpower, Inc		3,402
	14,965		Mantech International Corp (Class A)		1,136
	16,885		Matthews International Corp (Class A)		586
	13,300	*	Mistras Group, Inc		135
	12,017	*	Montrose Environmental Group, Inc		742
	19,573	e	MSA Safety, Inc		2,852
	196,358		Nielsen NV		3,768
	4,961		NL Industries, Inc		29
	95,984		Pitney Bowes, Inc		692
	111,211		Republic Services, Inc		13,352
	20,546		Resources Connection, Inc		324
	61,664		Robert Half International, Inc		6,187
	127,813		Rollins, Inc		4,516
	38,672	*	RR Donnelley & Sons Co		199
	32,160		Science Applications International Corp		2,752
	12,140	*	SP Plus Corp		372
	61,807		Steelcase, Inc (Class A)		784
	49,051	*	Stericycle, Inc		3,334
	20,907	*	Team, Inc		63
	29,513		Tetra Tech, Inc		4,407
	100,803		TransUnion		11,321
	22,121	*	TriNet Group, Inc		2,092
	19,072	*	TrueBlue, Inc		516
	8,983		Unifirst Corp		1,910
	63,645	*	Upwork, Inc		2,866
	16,280	*	US Ecology, Inc		527
	84,768		Verisk Analytics, Inc		16,977
	15,178	*	Viad Corp		689
	5,586		VSE Corp		269
	228,708		Waste Management, Inc		34,160
	5,398	*	Willdan Group, Inc		192
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		293,550
CONSUMER DURABLES & APPAREL - 1.4%
	15,286		Acushnet Holdings Corp		714

257

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	9,880	*	American Outdoor Brands, Inc	$	243
	35,953	*,e	AMMO, Inc		221
	21,459	*	Beazer Homes USA, Inc		370
	44,121		Brunswick Corp		4,203
	63,158	*	Callaway Golf Co		1,745
	80,799	*	Capri Holdings Ltd		3,911
	23,650		Carter’s, Inc		2,300
	5,040	*	Cavco Industries, Inc		1,193
	13,611		Century Communities, Inc		836
	14,289		Clarus Corp		366
	21,656		Columbia Sportswear Co		2,076
	31,668	*	Crocs, Inc		4,544
	14,122	*	Deckers Outdoor Corp		5,087
	178,991		DR Horton, Inc		15,030
	7,865		Escalade, Inc		149
	18,783		Ethan Allen Interiors, Inc		445
	31,215	*	Fossil Group, Inc		370
	79,850		Garmin Ltd		12,414
	154,338	*,e	Genius Brands International, Inc		210
	24,084	*	G-III Apparel Group Ltd		682
	74,136	*	GoPro, Inc		694
	16,535	*	Green Brick Partners, Inc		339
	6,360	e	Hamilton Beach Brands Holding Co		100
	201,239		Hanesbrands, Inc		3,453
	67,084		Hasbro, Inc		5,985
	21,061	*,e	Hayward Holdings, Inc		468
	13,347	*	Helen of Troy Ltd		2,999
	7,913		Hooker Furniture Corp		214
	2,792	*	Hovnanian Enterprises, Inc		269
	13,822		Installed Building Products, Inc		1,481
	15,263	*	iRobot Corp		1,198
	3,583		Johnson Outdoors, Inc		379
	48,954		KB Home		1,905
	30,075		Kontoor Brands, Inc		1,502
	12,660	*	Latham Group, Inc		208
	25,091		La-Z-Boy, Inc		809
	73,033		Leggett & Platt, Inc		3,275
	149,149		Lennar Corp (Class A)		13,972
	8,492		Lennar Corp (Class B)		659
	12,635	*	LGI Homes, Inc		1,793
	7,210		Lifetime Brands, Inc		131
	5,568	*	Lovesac Co		368
	61,849	*	Lululemon Athletica, Inc		25,030
	15,593	*	M/I Homes, Inc		901
	13,092	*	Malibu Boats, Inc		916
	8,407		Marine Products Corp		105
	13,690	*	MasterCraft Boat Holdings, Inc		343
	191,544	*	Mattel, Inc		3,555
	23,210		MDC Holdings, Inc		1,084
	22,102	*	Meritage Homes Corp		2,144
	31,434	*	Mohawk Industries, Inc		5,576
	11,320		Movado Group, Inc		356
	17,631	*,e	Nautilus, Inc		164

258

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	207,669		Newell Brands Inc	$	4,598
	672,429		Nike, Inc (Class B)		97,657
	1,755	*	NVR, Inc		8,414
	8,770		Oxford Industries, Inc		791
	145,284	*	Peloton Interactive, Inc		12,647
	5,912	*,e	PLBY Group, Inc		139
	32,179		Polaris Inc		3,851
	134,770		Pulte Homes, Inc		6,189
	27,406	*	Purple Innovation, Inc		576
	40,092	*	PVH Corp		4,121
	25,991		Ralph Lauren Corp		2,886
	3,738		Rocky Brands, Inc		178
	72,360	*	Skechers U.S.A., Inc (Class A)		3,048
	28,672	*	Skyline Champion Corp		1,722
	29,016		Smith & Wesson Brands, Inc		602
	67,337	*	Sonos, Inc		2,179
	44,766		Steven Madden Ltd		1,798
	9,374		Sturm Ruger & Co, Inc		692
	5,163		Superior Uniform Group, Inc		120
	153,327		Tapestry, Inc		5,676
	52,524	*	Taylor Morrison Home Corp		1,354
	99,972		Tempur Sealy International, Inc		4,640
	61,714		Toll Brothers, Inc		3,412
	18,124	*	TopBuild Corp		3,712
	12,158	*	Traeger, Inc		254
	47,835	*	TRI Pointe Homes, Inc		1,006
	28,980	*	Tupperware Brands Corp		612
	110,698	*	Under Armour, Inc (Class A)		2,234
	110,542	*	Under Armour, Inc (Class C)		1,937
	10,905	*	Unifi, Inc		239
	10,485	*	Universal Electronics, Inc		516
	16,444	*	Vera Bradley, Inc		155
	177,722		VF Corp		11,906
	29,556	*	Vista Outdoor, Inc		1,191
	11,097	*	VOXX International Corp (Class A)		127
	32,024	*,e	Vuzix Corp		335
	31,427		Whirlpool Corp		6,407
	48,726		Wolverine World Wide, Inc		1,454
	46,993	*	YETI Holdings, Inc		4,027
			TOTAL CONSUMER DURABLES & APPAREL		342,886
CONSUMER SERVICES - 2.3%
	36,774	*,e	2U, Inc		1,235
	25,118	*	Accel Entertainment, Inc		305
	29,568	*	Adtalem Global Education, Inc		1,118
	12,233	*	American Public Education, Inc		313
	125,887		ARAMARK Holdings Corp		4,137
	17,816	*	Bally’s Corp		893
	769	*	Biglari Holdings, Inc (B Shares)		132
	15,173	*	BJ’s Restaurants, Inc		634
	44,145	*	Bloomin’ Brands, Inc		1,104
	8,897	*	Bluegreen Vacations Holding Corp		230
	22,328	*	Booking Holdings, Inc		53,004
	43,510	*	Boyd Gaming Corp		2,752

259

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	33,375	*	Bright Horizons Family Solutions	$	4,653
	25,489	*	Brinker International, Inc		1,250
	109,557	*	Caesars Entertainment, Inc		12,301
	468,051	*	Carnival Corp		11,706
	11,838		Carriage Services, Inc		528
	27,792		Carrols Restaurant Group, Inc		102
	16,727	*	Century Casinos, Inc		225
	23,639	*	Cheesecake Factory		1,111
	76,982	*	Chegg, Inc		5,236
	15,190	*	Chipotle Mexican Grill, Inc (Class A)		27,608
	19,126		Choice Hotels International, Inc		2,417
	20,586		Churchill Downs, Inc		4,942
	12,474	*	Chuy’s Holdings, Inc		393
	31,100	*	Coursera, Inc		984
	12,944		Cracker Barrel Old Country Store, Inc		1,810
	71,457		Darden Restaurants, Inc		10,824
	23,587	*	Dave & Buster’s Entertainment, Inc		904
	23,487		Del Taco Restaurants, Inc		205
	41,277	*	Denny’s Corp		674
	8,713	*	Dine Brands Global Inc.		708
	20,286		Domino’s Pizza, Inc		9,676
	166,848	*	DraftKings, Inc		8,035
	14,501	*	El Pollo Loco Holdings, Inc		245
	45,885	*	Everi Holdings, Inc		1,110
	78,395	*	Expedia Group, Inc		12,849
	20,469	*	Fiesta Restaurant Group, Inc		224
	45,952	*	frontdoor, Inc		1,925
	13,690	*,e	GAN Ltd		204
	7,389	*	Golden Entertainment, Inc		363
	17,420	*	Golden Nugget Online Gaming, Inc		303
	2,114		Graham Holdings Co		1,245
	20,931	*	Grand Canyon Education, Inc		1,841
	98,961		H&R Block, Inc		2,474
	49,665	*	Hilton Grand Vacations, Inc		2,363
	150,570	*	Hilton Worldwide Holdings, Inc		19,892
	76,812	*	Houghton Mifflin Harcourt Co		1,032
	24,452	*	Hyatt Hotels Corp		1,885
	54,564	*,e	International Game Technology plc		1,436
	12,544		Jack in the Box, Inc		1,221
	181,736	*	Las Vegas Sands Corp		6,652
	62,559	*	Laureate Education, Inc		1,063
	10,890	*	Lindblad Expeditions Holdings, Inc		159
	149,506	*	Marriott International, Inc (Class A)		22,140
	22,871		Marriott Vacations Worldwide Corp		3,598
	404,988		McDonald’s Corp		97,647
	224,228		MGM Resorts International		9,675
	22,276	*	Mister Car Wash, Inc		407
	7,140	*	Monarch Casino & Resort, Inc		478
	2,378		Nathan’s Famous, Inc		145
	3,043	*	NEOGAMES S.A.		112
	8,091	*	Noodles & Co		95
	204,209	*,e	Norwegian Cruise Line Holdings Ltd		5,454
	29,338	*	OneSpaWorld Holdings Ltd		293

260

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	18,811		Papa John’s International, Inc	$	2,389
	85,767	*	Penn National Gaming, Inc		6,215
	46,334	*	Perdoceo Education Corp		489
	45,756	*	Planet Fitness, Inc		3,594
	10,854	*	PlayAGS, Inc		86
	23,203	*	PowerSchool Holdings, Inc		571
	6,547		RCI Hospitality Holdings, Inc		449
	9,211	*	Red Robin Gourmet Burgers, Inc		212
	37,399	*	Red Rock Resorts, Inc		1,916
	27,109	*,e	Regis Corp		94
	120,421	*	Royal Caribbean Cruises Ltd		10,711
	28,549	*,e	Rush Street Interactive, Inc		548
	21,790	*	Ruth’s Hospitality Group Inc		451
	52,481	*	Scientific Games Corp (Class A)		4,360
	30,308	*	SeaWorld Entertainment, Inc		1,677
	88,736		Service Corp International		5,347
	20,425	*	Shake Shack, Inc		1,603
	42,367	*	Six Flags Entertainment Corp		1,801
	639,775		Starbucks Corp		70,574
	11,328		Strategic Education, Inc		799
	26,055	*	Stride, Inc		936
	21,327	*	Target Hospitality Corp		80
	70,662	*	Terminix Global Holdings, Inc		2,944
	40,109		Texas Roadhouse, Inc (Class A)		3,663
	46,546		Travel & Leisure Co		2,538
	21,929	*	Vail Resorts, Inc		7,325
	41,530	*	Vivint Smart Home, Inc		392
	97,887		Wendy’s		2,122
	16,288		Wingstop, Inc		2,670
	26,120	*	WW International Inc		477
	51,637		Wyndham Hotels & Resorts, Inc		3,986
	58,587	*	Wynn Resorts Ltd		4,965
	223,229		Yum China Holdings, Inc		12,972
	160,168		Yum! Brands, Inc		19,590
			TOTAL CONSUMER SERVICES		549,225
DIVERSIFIED FINANCIALS - 5.2%
	22,801		Affiliated Managers Group, Inc		3,445
	280,518		AGNC Investment Corp		4,424
	8,948		Alerus Financial Corp		267
	195,459		Ally Financial, Inc		9,978
	4,761		A-Mark Precious Metals, Inc		286
	350,030		American Express Co		58,641
	60,809		Ameriprise Financial, Inc		16,061
	758,070		Annaly Capital Management, Inc		6,383
	68,911		Apollo Commercial Real Estate Finance, Inc		1,022
	98,070		Apollo Global Management, Inc		6,040
	61,262	e	Arbor Realty Trust, Inc		1,135
	22,112		Ares Commercial Real Estate Corp		333
	70,488		Ares Management Corp		5,204
	26,163	e	ARMOUR Residential REIT, Inc		282
	32,135		Artisan Partners Asset Management, Inc		1,572
	8,796	*	Assetmark Financial Holdings, Inc		219
	4,316		Associated Capital Group, Inc		161

261

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	10,240		B. Riley Financial, Inc	$	605
	21,466		Banco Latinoamericano de Exportaciones S.A. (Class E)		377
	429,203		Bank of New York Mellon Corp		22,250
	1,008,314	*	Berkshire Hathaway, Inc (Class B)		275,209
	166,153		BGC Partners, Inc (Class A)		866
	77,524		BlackRock, Inc		65,016
	370,575		Blackstone Group, Inc		43,113
	73,790		Blackstone Mortgage Trust, Inc		2,237
	30,473	*	Blucora, Inc		475
	31,648		Brightsphere Investment Group, Inc		827
	46,061		BrightSpire Capital, Inc		433
	37,551		Broadmark Realty Capital, Inc		370
	48,331	*	Cannae Holdings, Inc		1,504
	240,479		Capital One Financial Corp		38,950
	71,072		Capstead Mortgage Corp		475
	81,300		Carlyle Group, Inc		3,844
	58,426		CBOE Global Markets, Inc		7,237
	816,811		Charles Schwab Corp		59,497
	126,960		Chimera Investment Corp		1,885
	194,658		CME Group, Inc		37,643
	15,440		Cohen & Steers, Inc		1,293
	18,127		Cowen Group, Inc		622
	5,110	*,e	Credit Acceptance Corp		2,991
	7,834		Curo Group Holdings Corp		136
	2,179		Diamond Hill Investment Group, Inc		383
	163,438		Discover Financial Services		20,078
	19,156	*	Donnelley Financial Solutions, Inc		663
	11,107		Dynex Capital, Inc		192
	17,423		Ellington Financial Inc		319
	16,248	*,e	Encore Capital Group, Inc		801
	23,911	*	Enova International, Inc		826
	197,378		Equitable Holdings, Inc		5,850
	21,958		Evercore Inc		2,935
	38,445	*	Ezcorp, Inc (Class A)		291
	20,828		Factset Research Systems, Inc		8,222
	51,663		Federated Investors, Inc (Class B)		1,679
	24,222		FirstCash, Inc		2,119
	32,102	*	Focus Financial Partners, Inc		1,681
	158,845		Franklin Resources, Inc		4,721
	3,465		GAMCO Investors, Inc (Class A)		91
	23,172		GCM Grosvenor, Inc		267
	178,995		Goldman Sachs Group, Inc		67,665
	31,227		Granite Point Mortgage Trust, Inc		411
	9,250		Great Ajax Corp		125
	33,057	*	Green Dot Corp		1,664
	19,893		Greenhill & Co, Inc		291
	18,233		Hamilton Lane, Inc		1,547
	41,845		Hannon Armstrong Sustainable Infrastructure Capital, Inc		2,238
	25,893		Houlihan Lokey, Inc		2,385
	44,099		Interactive Brokers Group, Inc (Class A)		2,749
	299,406		Intercontinental Exchange Group, Inc		34,378
	183,237		Invesco Ltd		4,418
	100,745	e	Invesco Mortgage Capital, Inc		317

262

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	84,445		Janus Henderson Group plc	$	3,490
	110,637		Jefferies Financial Group, Inc		4,108
	301,837		KKR & Co, Inc		18,376
	17,625		KKR Real Estate Finance Trust, Inc		372
	49,932		Ladder Capital Corp		552
	55,948		Lazard Ltd (Class A)		2,562
	42,896	*	LendingClub Corp		1,211
	6,343	*	LendingTree, Inc		887
	43,732		LPL Financial Holdings, Inc		6,855
	20,525		MarketAxess Holdings, Inc		8,635
	6,533		Marlin Business Services Corp		145
	184,073		MFA Financial Inc		841
	33,380		Moelis & Co		2,065
	87,918		Moody’s Corp		31,221
	739,388		Morgan Stanley		71,950
	12,847		Morningstar, Inc		3,328
	43,299		MSCI, Inc (Class A)		26,341
	63,123		Nasdaq Inc		12,184
	72,107		Navient Corp		1,423
	9,146		Nelnet, Inc (Class A)		725
	231,837		New Residential Investment Corp		2,550
	204,546		New York Mortgage Trust, Inc		871
	22,218	*,†	NewStar Financial, Inc		5
	112,805		Northern Trust Corp		12,162
	56,333		OneMain Holdings, Inc		3,117
	56,898	*	Open Lending Corp		2,052
	11,565	*	Oportun Financial Corp		289
	7,363		Oppenheimer Holdings, Inc		333
	23,694	e	Orchid Island Capital, Inc		116
	47,765		PennyMac Mortgage Investment Trust		940
	10,272		Piper Jaffray Cos		1,422
	13,025		PJT Partners, Inc		1,030
	24,781	*	PRA Group, Inc		1,044
	36,804		PROG Holdings, Inc		1,546
	9,591		Pzena Investment Management, Inc (Class A)		94
	99,654		Raymond James Financial, Inc		9,196
	22,908		Ready Capital Corp		331
	49,700		Redwood Trust, Inc		641
	8,577		Regional Management Corp		499
	130,374		S&P Global, Inc		55,395
	25,339		Santander Consumer USA Holdings, Inc		1,057
	10,879		Sculptor Capital Management, Inc		303
	58,985		SEI Investments Co		3,498
	176,795		SLM Corp		3,112
	137,605		Starwood Property Trust, Inc		3,359
	190,999		State Street Corp		16,181
	20,369		StepStone Group, Inc		869
	56,036		Stifel Financial Corp		3,808
	11,369	*	StoneX Group, Inc		749
	308,389		Synchrony Financial		15,074
	122,051		T Rowe Price Group, Inc		24,007
	32,761		TPG RE Finance Trust, Inc		406
	57,648		Tradeweb Markets, Inc		4,657
	149,469	e	Two Harbors Investment Corp		948

263

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	24,457	*	Upstart Holdings, Inc	$	7,739
	51,259		Virtu Financial, Inc		1,252
	2,751		Virtus Investment Partners, Inc		854
	56,679		Voya Financial, Inc		3,480
	84,317		WisdomTree Investments, Inc		478
	2,399	*,e	World Acceptance Corp		455
			TOTAL DIVERSIFIED FINANCIALS		1,235,804
ENERGY - 2.7%
	39,034	*,e	Alto Ingredients, Inc		193
	183,627		Antero Midstream Corp		1,913
	156,157	*	Antero Resources Corp		2,937
	214,868		APA Corp		4,605
	9,586	*	Arch Resources, Inc		889
	73,589		Archrock, Inc		607
	11,564	*	Aspen Aerogels, Inc		532
	405,017		Baker Hughes Co		10,016
	36,376		Berry Petroleum Co LLC		262
	14,562		Bonanza Creek Energy, Inc		698
	23,816		Brigham Minerals, Inc		456
	4,788	*	Bristow Group, Inc		152
	212,946		Cabot Oil & Gas Corp		4,634
	29,784		Cactus, Inc		1,124
	45,880	*	California Resources Corp		1,881
	21,769	*,e	Callon Petroleum Co		1,068
	98,820	*	Centennial Resource Development, Inc		662
	110,556	*	ChampionX Corp		2,472
	128,714	*	Cheniere Energy, Inc		12,572
	53,916		Chesapeake Energy Corp		3,321
	1,050,690		Chevron Corp		106,593
	55,228		Cimarex Energy Co		4,816
	75,896	*,e	Clean Energy Fuels Corp		619
	119,401	*	CNX Resources Corp		1,507
	49,969	*	Comstock Resources Inc		517
	733,631		ConocoPhillips		49,718
	20,666	*	CONSOL Energy, Inc		538
	53,393	*,e	Contango Oil & Gas Co		244
	32,957	e	Continental Resources, Inc		1,521
	11,149		CVR Energy, Inc		186
	27,497	*	Delek US Holdings, Inc		494
	27,534	*	Denbury, Inc		1,934
	370,820		Devon Energy Corp		13,168
	55,111		DHT Holdings, Inc		360
	99,242		Diamondback Energy, Inc		9,395
	9,586	*	DMC Global, Inc		354
	19,179		Dorian LPG Ltd		238
	19,159	*	Dril-Quip, Inc		482
	52,968		DT Midstream, Inc		2,449
	7,121	*	Earthstone Energy, Inc		66
	56,201	*,e	Energy Fuels, Inc		395
	320,685		EOG Resources, Inc		25,741
	153,612	*	EQT Corp		3,143
	223,182		Equitrans Midstream Corp		2,263

264

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	8,526	*	Extraction Oil & Gas, Inc	$	481
	2,299,997	d	Exxon Mobil Corp		135,286
	24,885		Falcon Minerals Corp		117
	36,662	*	Frank’s International NV		108
	70,150	*,e	Frontline Ltd		657
	106,507	*,e	Gevo, Inc		707
	69,477	*	Golar LNG Ltd		901
	26,945	*	Green Plains Inc		880
	486,964		Halliburton Co		10,528
	100,808	*	Helix Energy Solutions Group, Inc		391
	52,744		Helmerich & Payne, Inc		1,446
	152,403		Hess Corp		11,904
	82,202		HollyFrontier Corp		2,723
	28,719		International Seaways, Inc		523
	1,073,625		Kinder Morgan, Inc		17,962
	234,852	*	Kosmos Energy Ltd		695
	6,863	*	Laredo Petroleum, Inc		556
	47,450	*	Liberty Oilfield Services, Inc		576
	65,268		Magnolia Oil & Gas Corp		1,161
	430,752		Marathon Oil Corp		5,888
	345,956		Marathon Petroleum Corp		21,384
	61,756		Matador Resources Co		2,349
	86,947		Murphy Oil Corp		2,171
	4,194	*	Nabors Industries Ltd		405
	16,237	*	National Energy Services Reunited Corp		203
	14,551	e	New Fortress Energy, Inc		404
	63,344	*	Newpark Resources, Inc		209
	76,759	*	NexTier Oilfield Solutions, Inc		353
	68,002	e	Nordic American Tankers Ltd		174
	26,098		Northern Oil and Gas, Inc		559
	214,007	*	NOV, Inc		2,806
	11,011		Oasis Petroleum, Inc		1,095
	468,293		Occidental Petroleum Corp		13,852
	54,360	*	Oceaneering International, Inc		724
	38,178	*	Oil States International, Inc		244
	243,795		ONEOK, Inc		14,138
	143,049		Ovintiv, Inc		4,703
	23,180	*	Par Pacific Holdings, Inc		364
	101,807		Patterson-UTI Energy, Inc		916
	52,566	*	PBF Energy, Inc		682
	54,256		PDC Energy, Inc		2,571
	37,795	*	Peabody Energy Corp		559
	10,090	*	Penn Virginia Corp		269
	240,662		Phillips 66		16,854
	115,241		Pioneer Natural Resources Co		19,189
	48,018	*	ProPetro Holding Corp		415
	139,657	*	Range Resources Corp		3,160
	21,719	*	Renewable Energy Group, Inc		1,090
	4,186	*	Rex American Resources Corp		334
	4,815	e	Riley Exploration Permian, Inc		113
	42,512	*	RPC, Inc		207
	769,217		Schlumberger Ltd		22,800
	26,610	e	Scorpio Tankers, Inc		493
	6,869	*	Select Energy Services, Inc		36

265

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	45,041		SFL Corp Ltd	$	377
	63,633		SM Energy Co		1,679
	6,855		Solaris Oilfield Infrastructure, Inc		57
	369,827	*	Southwestern Energy Co		2,049
	13,911	*	Talos Energy, Inc		192
	123,793		Targa Resources Investments, Inc		6,092
	172,980	*,e	Tellurian, Inc		676
	66,939	*	Tetra Technologies, Inc		209
	3,232		Texas Pacific Land Corp		3,909
	16,234	*	Tidewater, Inc		196
	95,169	*,e	Uranium Energy Corp		290
	40,076	*	US Silica Holdings, Inc		320
	224,402		Valero Energy Corp		15,836
	14,396	*	W&T Offshore, Inc		54
	21,493	*	Whiting Petroleum Corp		1,255
	668,134		Williams Cos, Inc		17,331
	29,960		World Fuel Services Corp		1,007
			TOTAL ENERGY		658,579
FOOD & STAPLES RETAILING - 1.3%
	87,310	e	Albertsons Cos, Inc		2,718
	19,849		Andersons, Inc		612
	74,804	*	BJ’s Wholesale Club Holdings, Inc		4,108
	20,249		Casey’s General Stores, Inc		3,816
	14,374	*	Chefs’ Warehouse Holdings, Inc		468
	240,917		Costco Wholesale Corp		108,256
	47,990	*	Grocery Outlet Holding Corp		1,035
	21,180	*,e	HF Foods Group Inc		128
	7,660	e	Ingles Markets, Inc (Class A)		506
	410,935		Kroger Co		16,614
	6,410		Natural Grocers by Vitamin C		72
	81,687	*	Performance Food Group Co		3,795
	14,866		Pricesmart, Inc		1,153
	38,176	*,e	Rite Aid Corp		542
	27,344		SpartanNash Co		599
	64,788	*	Sprouts Farmers Market, Inc		1,501
	267,914		SYSCO Corp		21,031
	30,449	*	United Natural Foods, Inc		1,474
	121,342	*	US Foods Holding Corp		4,206
	4,843		Village Super Market (Class A)		105
	394,399		Walgreens Boots Alliance, Inc		18,557
	779,085		Walmart, Inc		108,589
	8,974		Weis Markets, Inc		472
			TOTAL FOOD & STAPLES RETAILING		300,357
FOOD, BEVERAGE & TOBACCO - 2.7%
	82,392	*,e	22nd Century Group, Inc		244
	999,771		Altria Group, Inc		45,510
	26,157	*,e	AppHarvest, Inc		171
	297,146		Archer-Daniels-Midland Co		17,832
	34,958	e	B&G Foods, Inc (Class A)		1,045
	31,483	*,e	Beyond Meat, Inc		3,314
	5,121	*	Boston Beer Co, Inc (Class A)		2,610

266

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	25,010		Brown-Forman Corp (Class A)	$	1,567
	99,618		Brown-Forman Corp (Class B)		6,675
	75,489		Bunge Ltd		6,139
	11,455		Calavo Growers, Inc		438
	22,629		Cal-Maine Foods, Inc		818
	107,192		Campbell Soup Co		4,482
	29,057	*	Celsius Holdings, Inc		2,618
	2,108,641		Coca-Cola Co		110,640
	2,566		Coca-Cola Consolidated Inc		1,011
	259,443		ConAgra Brands, Inc		8,787
	86,499		Constellation Brands, Inc (Class A)		18,224
	89,070	*	Darling International, Inc		6,404
	11,007	*	Duckhorn Portfolio, Inc		252
	103,413		Flowers Foods, Inc		2,444
	20,613		Fresh Del Monte Produce, Inc		664
	23,047	*	Freshpet, Inc		3,289
	328,194		General Mills, Inc		19,633
	46,022	*	Hain Celestial Group, Inc		1,969
	77,606		Hershey Co		13,135
	153,581		Hormel Foods Corp		6,297
	71,472	*	Hostess Brands, Inc		1,241
	36,826		Ingredion, Inc		3,278
	8,046		J&J Snack Foods Corp		1,230
	58,293		J.M. Smucker Co		6,997
	5,780		John B. Sanfilippo & Son, Inc		472
	138,312		Kellogg Co		8,841
	368,701		Keurig Dr Pepper, Inc		12,595
	351,919		Kraft Heinz Co		12,958
	80,196		Lamb Weston Holdings, Inc		4,922
	10,268		Lancaster Colony Corp		1,733
	19,323	*	Landec Corp		178
	8,386		Limoneira Co		136
	131,394		McCormick & Co, Inc		10,647
	9,193		MGP Ingredients, Inc		598
	20,226	*,e	Mission Produce, Inc		372
	100,662		Molson Coors Brewing Co (Class B)		4,669
	752,487		Mondelez International, Inc		43,780
	200,862	*	Monster Beverage Corp		17,843
	12,819		National Beverage Corp		673
	46,743	*	NewAge, Inc		65
	750,371		PepsiCo, Inc		112,863
	846,694		Philip Morris International, Inc		80,258
	29,374	*	Pilgrim’s Pride Corp		854
	32,395	*	Post Holdings, Inc		3,569
	92,946		Primo Water Corp		1,461
	11,652		Sanderson Farms, Inc		2,193
	138		Seaboard Corp		566
	5,451	*	Seneca Foods Corp		263
	46,457	*	Simply Good Foods Co		1,602
	25,510	*,e	Tattooed Chef, Inc		470
	11,994	e	Tootsie Roll Industries, Inc		365
	29,630	*	TreeHouse Foods, Inc		1,182
	4,760		Turning Point Brands, Inc		227
	151,449		Tyson Foods, Inc (Class A)		11,955

267

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	13,804		Universal Corp	$	667
	32,173		Utz Brands, Inc		551
	78,380		Vector Group Ltd		999
	13,394	*,e	Vital Farms, Inc		235
	20,392	*	Whole Earth Brands, Inc		235
			TOTAL FOOD, BEVERAGE & TOBACCO		639,955
HEALTH CARE EQUIPMENT & SERVICES - 6.3%
	63,623	*	1Life Healthcare, Inc		1,288
	943,333		Abbott Laboratories		111,436
	24,348	*	Abiomed, Inc		7,926
	48,576	*	Acadia Healthcare Co, Inc		3,098
	18,841	*,e	Accelerate Diagnostics, Inc		110
	27,471	*	Accolade, Inc		1,158
	58,290	*	Accuray, Inc		230
	5,674	*,e	Acutus Medical, Inc		50
	42,027	*	AdaptHealth Corp		979
	8,397	*	Addus HomeCare Corp		670
	12,333	*	Agiliti, Inc		235
	27,529	*	agilon health, Inc		722
	42,854	*	Align Technology, Inc		28,516
	14,356	*,e	Alignment Healthcare, Inc		229
	76,369	*	Allscripts Healthcare Solutions, Inc		1,021
	31,277	*	Alphatec Holdings Inc		381
	17,538	*	Amedisys, Inc		2,615
	106,234	*	American Well Corp		968
	80,669		AmerisourceBergen Corp		9,636
	25,726	*	AMN Healthcare Services, Inc		2,952
	26,107	*	Angiodynamics, Inc		677
	133,429		Anthem, Inc		49,742
	16,786	*,e	Apollo Medical Holdings, Inc		1,528
	8,132	*	Apria, Inc		302
	127,698	*,e	Asensus Surgical, Inc		236
	45,045	*,e	Aspira Women’s Health, Inc		146
	22,609	*	AtriCure, Inc		1,572
	1,019		Atrion Corp		711
	26,266	*	Avanos Medical, Inc		820
	21,058	*	Aveanna Healthcare Holdings, Inc		169
	18,090	*	AxoGen, Inc		286
	22,714	*	Axonics Modulation Technologies, Inc		1,478
	276,396		Baxter International, Inc		22,231
	154,973		Becton Dickinson & Co		38,095
	13,317	*	BioLife Solutions Inc		564
	770,256	*	Boston Scientific Corp		33,421
	100,981	*	Brookdale Senior Living, Inc		636
	98,379	*,e	Butterfly Network, Inc		1,027
	159,612		Cardinal Health, Inc		7,894
	23,626	*	Cardiovascular Systems, Inc		776
	11,625	*	Castle Biosciences, Inc		773
	318,034	*	Centene Corp		19,817
	165,640		Cerner Corp		11,681
	44,636	*	Certara, Inc		1,477
	71,510	*	Cerus Corp		435

268

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	135,689	*	Change Healthcare, Inc	$	2,841
	8,564		Chemed Corp		3,983
	181,350		Cigna Corp		36,299
	67,798	*	Community Health Systems, Inc		793
	8,700	*	Computer Programs & Systems, Inc		309
	15,846		Conmed Corp		2,073
	25,736		Cooper Cos, Inc		10,637
	4,814	*	Corvel Corp		896
	56,477	*	Covetrus, Inc		1,024
	25,224	*	Cross Country Healthcare, Inc		536
	23,064	*	CryoLife, Inc		514
	22,130	*,e	CryoPort, Inc		1,472
	10,004	*	Cutera, Inc		466
	713,228		CVS Health Corp		60,525
	19,235	*	CytoSorbents Corp		156
	344,349		Danaher Corp		104,834
	38,496	*	DaVita, Inc		4,476
	119,396		Dentsply Sirona, Inc		6,931
	52,980	*	DexCom, Inc		28,973
	335,599	*	Edwards Lifesciences Corp		37,993
	54,203		Encompass Health Corp		4,067
	28,674		Ensign Group, Inc		2,147
	90,976	*	Envista Holdings Corp		3,804
	45,708	*	Evolent Health, Inc		1,417
	15,684	*,e	Figs, Inc		583
	11,072	*,e	Fulgent Genetics, Inc		996
	24,523	*	Glaukos Corp		1,181
	42,442	*	Globus Medical, Inc		3,252
	49,332	*	Guardant Health, Inc		6,167
	27,531	*	Haemonetics Corp		1,943
	23,398	*	Hanger Inc		514
	136,795		HCA Healthcare, Inc		33,203
	24,393	*	Health Catalyst, Inc		1,220
	44,640	*	HealthEquity, Inc		2,891
	18,780	*	HealthStream, Inc		537
	77,378	*	Henry Schein, Inc		5,893
	4,605	*	Heska Corp		1,191
	36,164		Hill-Rom Holdings, Inc		5,425
	139,355	*	Hologic, Inc		10,286
	70,089		Humana, Inc		27,275
	11,947	*	iCAD, Inc		128
	10,885	*	ICU Medical, Inc		2,540
	46,053	*	IDEXX Laboratories, Inc		28,640
	18,547	*	Inari Medical, Inc		1,504
	10,000	*	Innovage Holding Corp		66
	12,244	*	Inogen, Inc		528
	43,464	*	Inovalon Holdings, Inc		1,751
	15,579	*	Inspire Medical Systems, Inc		3,628
	36,326	*	Insulet Corp		10,325
	17,928	*	Integer Holding Corp		1,602
	39,699	*	Integra LifeSciences Holdings Corp		2,719
	18,642	*	Intersect ENT, Inc		507
	64,300	*	Intuitive Surgical, Inc		63,924
	23,110	*	Invacare Corp		110

269

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	16,105	*	iRhythm Technologies, Inc	$	943
	7,427	*	Joint Corp		728
	52,302	*	Laboratory Corp of America Holdings		14,720
	34,223	*	Lantheus Holdings, Inc		879
	9,523		LeMaitre Vascular, Inc		506
	17,004	*	LHC Group, Inc		2,668
	25,006	*	LifeStance Health Group, Inc		363
	26,810	*	LivaNova plc		2,123
	11,624	*	Magellan Health Services, Inc		1,099
	27,485	*	Masimo Corp		7,440
	85,478		McKesson Corp		17,043
	43,753	*	MEDNAX, Inc		1,244
	730,978		Medtronic plc		91,628
	31,965	*	Meridian Bioscience, Inc		615
	28,011	*	Merit Medical Systems, Inc		2,011
	2,255		Mesa Laboratories, Inc		682
	6,780	*	ModivCare, Inc		1,231
	31,866	*	Molina Healthcare, Inc		8,646
	122,337	*,e	Multiplan Corp		689
	7,753		National Healthcare Corp		543
	5,598		National Research Corp		236
	24,197	*	Natus Medical, Inc		607
	55,746	*	Neogen Corp		2,421
	13,631	*,e	Neuronetics, Inc		89
	19,942	*	Nevro Corp		2,321
	37,773	*	NextGen Healthcare, Inc		533
	56,233	*	Novocure Ltd		6,533
	28,270	*	NuVasive, Inc		1,692
	56,949	*	Oak Street Health, Inc		2,422
	23,061	*	Omnicell, Inc		3,423
	4,594	*,e	Ontrak, Inc		46
	8,440	*	OptimizeRx Corp		722
	80,646	*	Option Care Health, Inc		1,956
	40,487	*	OraSure Technologies, Inc		458
	49,394	*	Ortho Clinical Diagnostics Holdings plc		913
	12,159	*	Orthofix Medical Inc		464
	5,177	*	OrthoPediatrics Corp		339
	24,964	*	Outset Medical, Inc		1,234
	43,714		Owens & Minor, Inc		1,368
	46,765		Patterson Cos, Inc		1,409
	39,207	*,e	PAVmed, Inc		335
	17,723	*	Pennant Group, Inc		498
	17,918	*	Penumbra, Inc		4,775
	14,406	*,e	PetIQ, Inc		360
	20,801	*	Phreesia, Inc		1,283
	69,502		Premier, Inc		2,694
	10,696	*	Privia Health Group, Inc		252
	34,423	*	Progyny, Inc		1,928
	13,858	*,e	Pulmonx Corp		499
	1,569	*,e	Pulse Biosciences, Inc		34
	66,146		Quest Diagnostics, Inc		9,612
	20,943	*	Quidel Corp		2,956
	36,034	*	Quotient Ltd		84

270

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	72,154	*	R1 RCM, Inc	$	1,588
	25,914	*	RadNet, Inc		760
	79,070		Resmed, Inc		20,839
	24,729	*	Schrodinger, Inc		1,352
	15,644	*	SeaSpine Holdings Corp		246
	60,301		Select Medical Holdings Corp		2,181
	226,696	*,e	Senseonics Holdings, Inc		769
	18,412	*	Shockwave Medical Inc		3,791
	17,531	*	SI-BONE, Inc		376
	10,185	*	Sientra, Inc		58
	34,185	*,e	Signify Health, Inc		611
	18,916	*	Silk Road Medical Inc		1,041
	7,680		Simulations Plus, Inc		303
	26,141	*	Staar Surgical Co		3,360
	27,076	*	Stereotaxis, Inc		146
	46,289		STERIS plc		9,456
	189,903		Stryker Corp		50,081
	17,295	*	Surgery Partners, Inc		732
	10,275	*	SurModics, Inc		571
	12,258	*	Tabula Rasa HealthCare, Inc		321
	10,460	*	Tactile Systems Technology, Inc		465
	35,006	*	Tandem Diabetes Care, Inc		4,179
	80,556	*	Teladoc, Inc		10,215
	25,464		Teleflex, Inc		9,588
	59,665	*	Tenet Healthcare Corp		3,964
	30,967	*	Tivity Health, Inc		714
	11,786	*	Transmedics Group, Inc		390
	5,968	*	Treace Medical Concepts, Inc		161
	18,960	*	Triple-S Management Corp (Class B)		671
	510,930		UnitedHealth Group, Inc		199,641
	41,647		Universal Health Services, Inc (Class B)		5,763
	6,975	e	US Physical Therapy, Inc		771
	2,349		Utah Medical Products, Inc		218
	7,211	*	Vapotherm, Inc		161
	27,229	*	Varex Imaging Corp		768
	73,780	*	Veeva Systems, Inc		21,261
	20,450	*,e	Viemed Healthcare, Inc		113
	74,317	*	ViewRay, Inc		536
	20,093	*	Vocera Communications, Inc		919
	39,169		West Pharmaceutical Services, Inc		16,629
	114,723		Zimmer Biomet Holdings, Inc		16,791
	9,856	*,e	Zynex Inc		112
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		1,511,318
HOUSEHOLD & PERSONAL PRODUCTS - 1.3%
	46,991	*,e	Beauty Health Co		1,220
	25,021	*	BellRing Brands, Inc		769
	7,431	*	Central Garden & Pet Co		357
	22,079	*	Central Garden and Pet Co (Class A)		949
	133,988		Church & Dwight Co, Inc		11,063
	68,379		Clorox Co		11,324
	452,881		Colgate-Palmolive Co		34,229
	159,439	*	Coty, Inc		1,253
	29,639		Edgewell Personal Care Co		1,076

271

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	24,917	*	elf Beauty, Inc	$	724
	37,105		Energizer Holdings, Inc		1,449
	124,545		Estee Lauder Cos (Class A)		37,355
	58,982	*	Herbalife Nutrition Ltd		2,500
	13,542	*,e	Honest Co, Inc		141
	12,258		Inter Parfums, Inc		916
	183,198		Kimberly-Clark Corp		24,263
	6,191		Medifast, Inc		1,193
	5,868		Nature’s Sunshine Products, Inc		86
	27,121		Nu Skin Enterprises, Inc (Class A)		1,098
	3,981		Oil-Dri Corp of America		139
	1,322,336		Procter & Gamble Co		184,863
	8,319	*	Revlon, Inc (Class A)		84
	29,470		Reynolds Consumer Products, Inc		806
	21,541		Spectrum Brands Holdings, Inc		2,061
	8,349	*	USANA Health Sciences, Inc		770
	30,185	*,e	Veru, Inc		257
	7,178		WD-40 Co		1,661
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		322,606
INSURANCE - 2.0%
	352,926		Aflac, Inc		18,398
	6,777	*	Alleghany Corp		4,232
	157,231		Allstate Corp		20,017
	32,424	*	AMBAC Financial Group, Inc		464
	46,586		American Equity Investment Life Holding Co		1,378
	37,245		American Financial Group, Inc		4,687
	472,013		American International Group, Inc		25,909
	4,017		American National Group, Inc		759
	13,468		Amerisafe, Inc		756
	121,299		Aon plc		34,664
	204,252	*	Arch Capital Group Ltd		7,798
	17,301		Argo Group International Holdings Ltd		903
	111,144		Arthur J. Gallagher & Co		16,522
	33,181		Assurant, Inc		5,234
	36,683		Assured Guaranty Ltd		1,717
	62,626	*	Athene Holding Ltd		4,313
	42,539		Axis Capital Holdings Ltd		1,959
	28,604	*,e	Bright Health Group, Inc		233
	38,430	*	Brighthouse Financial, Inc		1,738
	122,529		Brown & Brown, Inc		6,794
	25,189	*	BRP Group, Inc		839
	237,152		Chubb Ltd		41,141
	83,756		Cincinnati Financial Corp		9,567
	32,879	*,e	Citizens, Inc (Class A)		204
	14,987		CNA Financial Corp		629
	66,761		Conseco, Inc		1,572
	7,812		Donegal Group, Inc (Class A)		113
	15,165	*	eHealth, Inc		614
	15,546		Employers Holdings, Inc		614
	7,506	*	Enstar Group Ltd		1,762
	13,782		Erie Indemnity Co (Class A)		2,459
	20,303		Everest Re Group Ltd		5,092

272

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	143,159		Fidelity National Financial Inc	$	6,491
	52,851		First American Financial Corp		3,544
	311,286	*	Genworth Financial, Inc (Class A)		1,167
	55,726		Globe Life, Inc		4,961
	24,045	*	GoHealth, Inc		121
	9,663		Goosehead Insurance, Inc		1,472
	20,683	*	Greenlight Capital Re Ltd (Class A)		153
	19,607		Hanover Insurance Group, Inc		2,541
	188,123		Hartford Financial Services Group, Inc		13,216
	3,092		HCI Group, Inc		343
	18,411		Heritage Insurance Holdings, Inc		125
	22,775		Horace Mann Educators Corp		906
	5,237		Independence Holding Co		260
	1,119		Investors Title Co		204
	19,526		James River Group Holdings Ltd		737
	33,482		Kemper Corp		2,236
	10,502		Kinsale Capital Group, Inc		1,698
	20,988	*,e	Lemonade, Inc		1,406
	104,094		Lincoln National Corp		7,156
	112,892		Loews Corp		6,088
	7,340	*	Markel Corp		8,772
	276,024		Marsh & McLennan Cos, Inc		41,798
	26,174	*	MBIA, Inc		336
	12,675		Mercury General Corp		706
	393,743		Metlife, Inc		24,306
	1,551		National Western Life Group, Inc		327
	7,308	*	NI Holdings, Inc		128
	151,820		Old Republic International Corp		3,512
	13,408	*	Palomar Holdings, Inc		1,084
	21,522		Primerica, Inc		3,306
	141,558		Principal Financial Group		9,116
	37,307		ProAssurance Corp		887
	321,243		Progressive Corp		29,037
	209,666		Prudential Financial, Inc		22,057
	37,637		Reinsurance Group of America, Inc (Class A)		4,188
	25,282		RenaissanceRe Holdings Ltd		3,524
	23,570		RLI Corp		2,363
	7,901		Safety Insurance Group, Inc		626
	32,431		Selective Insurance Group, Inc		2,450
	73,128	*	Selectquote, Inc		946
	8,398	*	SiriusPoint Ltd		78
	11,039		State Auto Financial Corp		562
	15,315		Stewart Information Services Corp		969
	22,143		Tiptree Inc		222
	136,237		Travelers Cos, Inc		20,709
	20,838	*	Trupanion, Inc		1,619
	16,104		United Fire Group Inc		372
	12,682		United Insurance Holdings Corp		46
	22,402		Universal Insurance Holdings, Inc		292
	99,041		Unum Group		2,482
	77,055		W.R. Berkley Corp		5,639
	1,751		White Mountains Insurance Group Ltd		1,873
	70,758		Willis Towers Watson plc		16,448
			TOTAL INSURANCE		488,686

273

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
MATERIALS - 2.3%
	14,906	*	AdvanSix, Inc	$	592
	119,847		Air Products & Chemicals, Inc		30,694
	63,872		Albemarle Corp		13,986
	108,031	*	Alcoa Corp		5,287
	78,013	*	Allegheny Technologies, Inc		1,297
	814,849		Amcor plc		9,444
	20,501		American Vanguard Corp		308
	91,243	*	Amyris, Inc		1,253
	36,073		Aptargroup, Inc		4,305
	57,334	*	Arconic Corp		1,808
	13,288		Ardagh Group S.A.		339
	30,177		Ashland Global Holdings, Inc		2,689
	45,238		Avery Dennison Corp		9,374
	49,682		Avient Corp		2,303
	113,646	*	Axalta Coating Systems Ltd		3,317
	19,086		Balchem Corp		2,769
	177,552		Ball Corp		15,974
	73,254	*	Berry Global Group, Inc		4,460
	31,457		Cabot Corp		1,577
	25,997		Carpenter Technology Corp		851
	58,727		Celanese Corp (Series A)		8,847
	36,798	*	Century Aluminum Co		495
	117,477		CF Industries Holdings, Inc		6,558
	5,158		Chase Corp		527
	90,404		Chemours Co		2,627
	11,678	*	Clearwater Paper Corp		448
	250,263	*,e	Cleveland-Cliffs, Inc		4,958
	119,550	*	Coeur Mining, Inc		738
	53,154		Commercial Metals Co		1,619
	20,319		Compass Minerals International, Inc		1,308
	66,991	*	Constellium SE		1,258
	393,963		Corteva, Inc		16,578
	67,521		Crown Holdings, Inc		6,805
	37,520	*,e	Danimer Scientific, Inc		613
	28,159	*	Diversey Holdings Ltd		452
	26,933	*	Domtar Corp		1,469
	403,048		Dow, Inc		23,199
	284,266		DuPont de Nemours, Inc		19,327
	22,586		Eagle Materials, Inc		2,962
	73,320		Eastman Chemical Co		7,386
	135,243		Ecolab, Inc		28,214
	127,079		Element Solutions, Inc		2,755
	44,838	*	Ferro Corp		912
	47,286	*,†	Ferroglobe plc		0
	67,073		FMC Corp		6,141
	16,526	*	Forterra, Inc		389
	800,833		Freeport-McMoRan, Inc (Class B)		26,051
	17,819		FutureFuel Corp		127
	18,881	*	Gatos Silver, Inc		220
	23,656	*	GCP Applied Technologies, Inc		518
	32,454		Glatfelter Corp		458

274

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	145,764		Graphic Packaging Holding Co	$	2,775
	14,075		Greif, Inc (Class A)		909
	3,993		Greif, Inc (Class B)		259
	28,458		H.B. Fuller Co		1,837
	15,846		Hawkins, Inc		553
	9,402		Haynes International, Inc		350
	290,099		Hecla Mining Co		1,596
	119,837		Huntsman Corp		3,546
	21,966	*	Ingevity Corp		1,568
	11,273		Innospec, Inc		949
	133,564		International Flavors & Fragrances, Inc		17,860
	207,582		International Paper Co		11,608
	6,735	*	Intrepid Potash, Inc		208
	8,625		Kaiser Aluminum Corp		940
	15,231	*	Koppers Holdings, Inc		476
	21,628	*	Kraton Corp		987
	14,288		Kronos Worldwide, Inc		177
	80,227	*,e	Livent Corp		1,854
	52,676		Louisiana-Pacific Corp		3,233
	140,098		LyondellBasell Industries NV		13,148
	33,027		Martin Marietta Materials, Inc		11,285
	11,119		Materion Corp		763
	12,674		Minerals Technologies, Inc		885
	186,754		Mosaic Co		6,671
	39,809	*,e	MP Materials Corp		1,283
	18,118		Myers Industries, Inc		355
	10,909		Neenah Inc		508
	3,677		NewMarket Corp		1,246
	432,175		Newmont Goldcorp Corp		23,467
	149,512	*	Novagold Resources Inc		1,029
	158,969		Nucor Corp		15,657
	90,414	*	O-I Glass, Inc		1,290
	75,066		Olin Corp		3,622
	6,559		Olympic Steel, Inc		160
	38,461	*	Orion Engineered Carbons SA		701
	51,497		Packaging Corp of America		7,078
	22,477		Pactiv Evergreen, Inc		281
	126,925		PPG Industries, Inc		18,152
	20,162		PQ Group Holdings, Inc		235
	17,967	*,e	PureCycle Technologies, Inc		239
	7,360		Quaker Chemical Corp		1,750
	16,208	*	Ranpak Holdings Corp		435
	31,957	*	Rayonier Advanced Materials, Inc		240
	34,360		Reliance Steel & Aluminum Co		4,894
	36,601		Royal Gold, Inc		3,495
	68,580		RPM International, Inc		5,325
	8,418		Ryerson Holding Corp		187
	14,147		Schnitzer Steel Industries, Inc (Class A)		620
	20,766		Schweitzer-Mauduit International, Inc		720
	22,512		Scotts Miracle-Gro Co (Class A)		3,295
	76,393		Sealed Air Corp		4,186
	23,291		Sensient Technologies Corp		2,121
	132,401		Sherwin-Williams Co		37,036
	45,418		Silgan Holdings, Inc		1,742

275

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	55,117		Sonoco Products Co	$	3,284
	46,247		Southern Copper Corp (NY)		2,596
	104,286		Steel Dynamics, Inc		6,099
	11,764		Stepan Co		1,329
	64,023	*	Summit Materials, Inc		2,047
	48,451		SunCoke Energy, Inc		304
	29,755	*	TimkenSteel Corp		389
	19,671		Tredegar Corp		240
	23,427		Trinseo S.A.		1,265
	62,538		Tronox Holdings plc		1,542
	4,630	*	UFP Technologies, Inc		285
	1,357		United States Lime & Minerals, Inc		164
	146,037		United States Steel Corp		3,208
	99,474		Valvoline, Inc		3,102
	22,885		Verso Corp		475
	72,657		Vulcan Materials Co		12,291
	28,082		Warrior Met Coal, Inc		653
	18,212		Westlake Chemical Corp		1,660
	143,029		WestRock Co		7,127
	18,895		Worthington Industries, Inc		996
	10,209	*,e	Zymergen, Inc		134
			TOTAL MATERIALS		561,562
MEDIA & ENTERTAINMENT - 8.9%
	420,631		Activision Blizzard, Inc		32,553
	41,683	*	Advantage Solutions, Inc		361
	163,361	*	Alphabet, Inc (Class A)		436,749
	152,406	*	Alphabet, Inc (Class C)		406,209
	112,426	*	Altice USA, Inc		2,329
	278,123	*,e	AMC Entertainment Holdings, Inc		10,585
	16,067	*	AMC Networks, Inc		749
	7,354	*	Boston Omaha Corp		285
	3,042		Cable One, Inc		5,516
	17,446	*	Cardlytics, Inc		1,464
	51,402	*	Cargurus, Inc		1,615
	37,344	*	Cars.com, Inc		472
	69,567	*	Charter Communications, Inc		50,614
	6,276	*	Chicken Soup For The Soul Entertainment, Inc		144
	58,982	*,e	Cinemark Holdings, Inc		1,133
	198,206	*	Clear Channel		537
	2,476,921		Comcast Corp (Class A)		138,534
	31,610	*	comScore, Inc		123
	772	*	Daily Journal Corp		247
	89,117	*,e	Discovery, Inc (Class A)		2,262
	173,268	*	Discovery, Inc (Class C)		4,205
	136,485	*	DISH Network Corp (Class A)		5,932
	155,204		Electronic Arts, Inc		22,078
	11,002	*	Emerald Holding, Inc		48
	88,350	*	Entercom Communications Corp		325
	50,932		Entravision Communications Corp (Class A)		362
	40,961	*	Eventbrite Inc		775
	8,345	*	EverQuote Inc		155
	31,270		EW Scripps Co (Class A)		565

276

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	1,299,836	*	Facebook, Inc	$	441,151
	10,504	*	Fluent, Inc		24
	177,109		Fox Corp (Class A)		7,104
	87,909		Fox Corp (Class B)		3,263
	71,756	*,e	fuboTV, Inc		1,719
	74,491	*	Gannett Co, Inc		498
	46,930		Gray Television, Inc		1,071
	11,523	*	Hemisphere Media Group, Inc		140
	42,355	*	IAC		5,518
	61,117	*	iHeartMedia, Inc		1,529
	27,196	*	Imax Corp		516
	215,195		Interpublic Group of Cos, Inc		7,891
	23,547		John Wiley & Sons, Inc (Class A)		1,229
	7,655	*	Liberty Braves Group (Class A)		206
	25,374	*	Liberty Braves Group (Class C)		670
	12,929	*	Liberty Broadband Corp (Class A)		2,177
	78,480	*	Liberty Broadband Corp (Class C)		13,553
	15,619	*	Liberty Media Group (Class A)		735
	108,895	*	Liberty Media Group (Class C)		5,598
	43,899	*	Liberty SiriusXM Group (Class A)		2,071
	89,097	*	Liberty SiriusXM Group (Class C)		4,229
	53,282	*	Liberty TripAdvisor Holdings, Inc		165
	37,150	*	Lions Gate Entertainment Corp (Class A)		527
	71,817	*	Lions Gate Entertainment Corp (Class B)		934
	73,828	*	Live Nation, Inc		6,728
	9,932	e	Loral Space & Communications, Inc		427
	10,365	*	Madison Square Garden Co		1,927
	13,156	*	Madison Square Garden Entertainment Corp		956
	61,168	*	Magnite, Inc		1,713
	14,211	*,e	Marcus Corp		248
	148,269	*	Match Group, Inc		23,277
	11,302	*	MediaAlpha, Inc		211
	21,768	*	Meredith Corp		1,212
	46,358		National CineMedia, Inc		165
	235,211	*	Netflix, Inc		143,559
	89,935		New York Times Co (Class A)		4,431
	213,357		News Corp (Class A)		5,020
	66,535		News Corp (Class B)		1,546
	22,603		Nexstar Media Group Inc		3,435
	117,073		Omnicom Group, Inc		8,483
	300,393	*	Pinterest, Inc		15,305
	42,908	*	Playtika Holding Corp		1,186
	20,643	*	QuinStreet, Inc		362
	63,324	*	Roku, Inc		19,843
	19,984		Scholastic Corp		712
	25,063		Sinclair Broadcast Group, Inc (Class A)		794
	495,104	e	Sirius XM Holdings, Inc		3,020
	161,762	*,e	Skillz, Inc		1,588
	75,096	*	Spotify Technology S.A.		16,922
	33,238	*	Stagwell, Inc		255
	62,733	*	Take-Two Interactive Software, Inc		9,665
	12,153	*	TechTarget, Inc		1,002
	119,764		TEGNA, Inc		2,362
	56,597	*	TripAdvisor, Inc		1,916

277

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	44,667	*	TrueCar, Inc	$	186
	421,075	*	Twitter, Inc		25,429
	4,594	e	ViacomCBS, Inc (Class A)		193
	320,378		ViacomCBS, Inc (Class B)		12,658
	68,763	*	Vimeo, Inc		2,020
	986,106	*	Walt Disney Co		166,820
	28,599	*	WideOpenWest, Inc		562
	27,047		World Wrestling Entertainment, Inc (Class A)		1,522
	41,665	*	Yelp, Inc		1,552
	32,630	*	Zillow Group, Inc (Class A)		2,890
	90,080	*	Zillow Group, Inc (Class C)		7,940
	549,506	*	Zynga, Inc		4,138
			TOTAL MEDIA & ENTERTAINMENT		2,133,624
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 7.2%
	45,940	*	10X Genomics, Inc		6,688
	11,292	*	4D Molecular Therapeutics, Inc		305
	959,520		AbbVie, Inc		103,503
	70,913	*	Acadia Pharmaceuticals, Inc		1,178
	27,490	*	Acceleron Pharma, Inc		4,731
	23,691	*,e	Aclaris Therapeutics, Inc		426
	11,379	*	Adagio Therapeutics, Inc		481
	59,774	*	Adaptive Biotechnologies Corp		2,032
	36,900	*	Adverum Biotechnologies, Inc		80
	25,056	*	Aeglea BioTherapeutics, Inc		199
	21,807	*	Aerie Pharmaceuticals, Inc		249
	43,765	*	Affimed NV		270
	107,560	*	Agenus, Inc		565
	167,220		Agilent Technologies, Inc		26,342
	34,493	*	Agios Pharmaceuticals, Inc		1,592
	62,063	*	Akebia Therapeutics, Inc		179
	14,029	*,e	Akero Therapeutics, Inc		314
	8,375	*,e	Akouos, Inc		97
	6,175	*	Albireo Pharma, Inc		193
	34,164	*,†	Alder Biopharmaceuticals Inc		30
	26,477	*,e	Aldeyra Therapeutics, Inc		232
	31,429	*	Alector, Inc		717
	10,235	*	Aligos Therapeutics, Inc		159
	87,531	*	Alkermes plc		2,699
	19,068	*	Allakos, Inc		2,019
	28,864	*	Allogene Therapeutics, Inc		742
	10,335	*	Allovir, Inc		259
	64,441	*	Alnylam Pharmaceuticals, Inc		12,167
	17,738	*	Altimmune, Inc		201
	9,675	*	ALX Oncology Holdings, Inc		715
	308,483		Amgen, Inc		65,599
	151,298	*	Amicus Therapeutics, Inc		1,445
	53,162	*	Amneal Pharmaceuticals, Inc		284
	25,774	*	Amphastar Pharmaceuticals, Inc		490
	12,566	*	AnaptysBio, Inc		341
	30,524	*,e	Anavex Life Sciences Corp		548
	5,767	*	ANI Pharmaceuticals, Inc		189
	10,943	*	Anika Therapeutics, Inc		466

278

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	8,875	*	Annexon, Inc	$	165
	104,354	*	Antares Pharma, Inc		380
	34,684	*	Apellis Pharmaceuticals, Inc		1,143
	13,418	*,e	Applied Molecular Transport, Inc		347
	2,776	*	Applied Therapeutics, Inc		46
	7,756	*,e	Arcturus Therapeutics Holdings, Inc		371
	20,717	*	Arcus Biosciences, Inc		722
	15,151	*	Arcutis Biotherapeutics, Inc		362
	22,973	*,e	Ardelyx, Inc		30
	33,642	*	Arena Pharmaceuticals, Inc		2,003
	55,310	*	Arrowhead Pharmaceuticals Inc		3,453
	23,815	*	Arvinas, Inc		1,957
	34,194	*	Atara Biotherapeutics, Inc		612
	35,244	*,e	Atea Pharmaceuticals, Inc		1,236
	28,525	*,e	Athenex, Inc		86
	52,762	*,e	Athersys, Inc		70
	7,303	*,e	Athira Pharma, Inc		69
	92,322	*,e	Atossa Therapeutics, Inc		301
	12,676	*,e	Atreca, Inc		79
	318,550	*	Avantor, Inc		13,029
	33,858	*	Avid Bioservices, Inc		730
	9,645	*	Avidity Biosciences, Inc		238
	13,026	*,e	Avita Medical, Inc		231
	13,157	*	Avrobio, Inc		73
	15,727	*,e	Axsome Therapeutics, Inc		518
	25,636	*	Beam Therapeutics, Inc		2,231
	26,163	*	Berkeley Lights, Inc		512
	12,065	*	Beyondspring Inc		190
	6,481	*,e	BioAtla, Inc		191
	97,016	*	BioCryst Pharmaceuticals, Inc		1,394
	52,671	*	BioDelivery Sciences International, Inc		190
	80,536	*	Biogen, Inc		22,791
	28,080	*	Biohaven Pharmaceutical Holding Co Ltd		3,901
	100,218	*	BioMarin Pharmaceutical, Inc		7,746
	153,496	*,e	Bionano Genomics, Inc		844
	11,654	*	Bio-Rad Laboratories, Inc (Class A)		8,693
	21,267		Bio-Techne Corp		10,305
	6,302	*,e	Bioxcel Therapeutics Inc		191
	7,321	*,e	Black Diamond Therapeutics, Inc		62
	33,689	*	Bluebird Bio, Inc		644
	31,927	*	Blueprint Medicines Corp		3,282
	7,102	*,e	Bolt Biotherapeutics, Inc		90
	58,721	*	Bridgebio Pharma, Inc		2,752
	1,219,520		Bristol-Myers Squibb Co		72,159
	25,182	*,e	Brooklyn ImmunoTherapeutics, Inc		234
	56,206		Bruker BioSciences Corp		4,390
	18,793	*	C4 Therapeutics, Inc		840
	19,366	*	Cara Therapeutics, Inc		299
	27,306	*	CareDx, Inc		1,730
	10,333	*	Caribou Biosciences, Inc		247
	20,876	*,e	Cassava Sciences, Inc		1,296
	90,837	*	Catalent, Inc		12,088
	50,782	*	Catalyst Pharmaceuticals, Inc		269
	21,395	*	Celldex Therapeutics, Inc		1,155

279

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	20,222	*,e	CEL-SCI Corp	$	222
	19,234	*,e	Cerevel Therapeutics Holdings, Inc		567
	27,377	*	Charles River Laboratories International, Inc		11,298
	26,464	*	ChemoCentryx, Inc		453
	30,594	*	Chimerix, Inc		189
	7,917	*	Chinook Therapeutics, Inc		101
	23,081	*,e	ChromaDex Corp		145
	61,931	*	Citius Pharmaceuticals, Inc		126
	28,650	*,e	Clovis Oncology, Inc		128
	23,538	*	Codexis, Inc		547
	27,864	*	Coherus Biosciences, Inc		448
	16,286	*	Collegium Pharmaceutical, Inc		321
	52,750	*	Corcept Therapeutics, Inc		1,038
	10,884	*,e	Cortexyme Inc		998
	16,128	*	Crinetics Pharmaceuticals, Inc		340
	11,975	*	Cue Biopharma, Inc		174
	7,345	*,e	Cullinan Oncology, Inc		166
	29,183	*	CureVac NV		1,594
	47,252	*	Curis, Inc		370
	39,943	*	Cymabay Therapeutics, Inc		146
	42,716	*,e	Cytokinetics, Inc		1,527
	21,311	*	CytomX Therapeutics, Inc		108
	22,263	*	Deciphera Pharmaceuticals, Inc		757
	49,642	*	Denali Therapeutics, Inc		2,504
	12,956	*,e	DermTech, Inc		416
	37,565	*	Dicerna Pharmaceuticals, Inc		757
	117,742	*	Durect Corp		151
	58,823	*,e	Dynavax Technologies Corp		1,130
	16,387	*	Dyne Therapeutics, Inc		266
	6,368	*	Eagle Pharmaceuticals, Inc		355
	35,681	*	Editas Medicine, Inc		1,466
	14,062	*	Eiger BioPharmaceuticals, Inc		94
	242,401	*	Elanco Animal Health, Inc		7,730
	461,869		Eli Lilly & Co		106,715
	24,015	*	Emergent Biosolutions, Inc		1,202
	11,786	*	Enanta Pharmaceuticals, Inc		670
	56,660	*	Epizyme, Inc		290
	9,694	*,e	Esperion Thereapeutics, Inc		117
	16,577	*,e	Evelo Biosciences, Inc		117
	17,590	*	Evolus, Inc		134
	93,800	*	Exact Sciences Corp		8,953
	170,031	*	Exelixis, Inc		3,594
	42,216	*	Fate Therapeutics, Inc		2,502
	50,667	*	FibroGen, Inc		518
	19,463	*	Flexion Therapeutics, Inc		119
	20,851	*,e	Fluidigm Corp		137
	17,542	*	Forma Therapeutics Holdings, Inc		407
	6,156	*,e	Forte Biosciences, Inc		18
	16,778	*,e	Frequency Therapeutics, Inc		118
	14,355	*	Fulcrum Therapeutics, Inc		405
	20,311	*,e	G1 Therapeutics, Inc		273
	23,909	*	Generation Bio Co		599
	114,325	*,e	Geron Corp		157

280

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	681,770		Gilead Sciences, Inc	$	47,622
	36,433	*	Global Blood Therapeutics, Inc		928
	12,922	*	Gossamer Bio, Inc		162
	22,037	*	Gritstone Oncology, Inc		238
	13,013	*	GT Biopharma, Inc		88
	79,065	*	Halozyme Therapeutics, Inc		3,216
	12,195	*	Harmony Biosciences Holdings, Inc		467
	52,161	*	Heron Therapeutics, Inc		558
	11,341	*	Homology Medicines, Inc		89
	119,937	*	Horizon Therapeutics Plc		13,138
	24,467	*,e	Humanigen, Inc		145
	132,891	*,e	iBio, Inc		141
	7,208	*	Icosavax, Inc		213
	15,316	*	Ideaya Biosciences, Inc		390
	2,211	*,e	IGM Biosciences, Inc		145
	79,203	*	Illumina, Inc		32,126
	36,493	*,e	ImmunityBio, Inc		355
	106,612	*	Immunogen, Inc		604
	11,380	*	Immunovant, Inc		99
	101,497	*	Incyte Corp		6,981
	15,231	*,e	Inhibrx, Inc		507
	34,523	*	Innoviva, Inc		577
	7,067	*	Inotiv, Inc		207
	112,816	*,e	Inovio Pharmaceuticals, Inc		808
	60,247	*	Insmed, Inc		1,659
	34,856	*	Intellia Therapeutics, Inc		4,676
	12,921	*,e	Intercept Pharmaceuticals, Inc		192
	38,562	*	Intra-Cellular Therapies, Inc		1,438
	109,344	*,e	Invitae Corp		3,109
	79,163	*	Ionis Pharmaceuticals, Inc		2,655
	74,052	*	Iovance Biotherapeutics, Inc		1,826
	104,821	*	IQVIA Holdings, Inc		25,109
	95,014	*	Ironwood Pharmaceuticals, Inc		1,241
	11,046	*	iTeos Therapeutics, Inc		298
	56,231	*	IVERIC bio, Inc		913
	32,370	*	Jazz Pharmaceuticals plc		4,215
	1,430,984		Johnson & Johnson		231,104
	4,482	*	Jounce Therapeutics, Inc		33
	93,371	*	Kadmon Holdings, Inc		813
	5,857	*,e	Kala Pharmaceuticals, Inc		15
	10,666	*	KalVista Pharmaceuticals Inc		186
	12,114	*	Karuna Therapeutics, Inc		1,482
	46,110	*,e	Karyopharm Therapeutics, Inc		268
	15,593	*,e	KemPharm, Inc		145
	8,516	*	Keros Therapeutics, Inc		337
	11,321	*	Kiniksa Pharmaceuticals Ltd		129
	7,565	*,e	Kinnate Biopharma, Inc		174
	18,276	*	Kodiak Sciences, Inc		1,754
	21,178	*,e	Kronos Bio, Inc		444
	9,785	*	Krystal Biotech Inc		511
	31,598	*	Kura Oncology, Inc		592
	15,771	*	Kymera Therapeutics, Inc		926
	30,110	*	Lexicon Pharmaceuticals, Inc		145
	8,586	*	Ligand Pharmaceuticals, Inc (Class B)		1,196

281

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	32,187	*	MacroGenics, Inc	$	674
	6,193	*,e	Madrigal Pharmaceuticals, Inc		494
	94,899	*,e	MannKind Corp		413
	54,984	*	Maravai LifeSciences Holdings, Inc		2,699
	20,153	*,e	Marinus Pharmaceuticals, Inc		229
	15,823	*	Medpace Holdings, Inc		2,995
	61,495	*	MEI Pharma, Inc		170
	10,086	*	MeiraGTx Holdings plc		133
	1,375,906		Merck & Co, Inc		103,344
	27,294	*	Mersana Therapeutics, Inc		257
	12,613	*	Mettler-Toledo International, Inc		17,373
	60,615	*,e	MiMedx Group, Inc		367
	175,751	*,e	Mind Medicine MindMed, Inc		410
	21,876	*	Mirati Therapeutics, Inc		3,870
	184,234	*	Moderna, Inc		70,904
	33,966	*	Molecular Templates, Inc		228
	8,159	*	Morphic Holding, Inc		462
	46,607	*	Myriad Genetics, Inc		1,505
	22,499	*	NanoString Technologies, Inc		1,080
	42,988	*	Natera, Inc		4,791
	106,507	*	Nektar Therapeutics		1,913
	58,635	*	NeoGenomics, Inc		2,829
	17,673	*	Neoleukin Therapeutics, Inc		128
	51,383	*	Neurocrine Biosciences, Inc		4,928
	15,360	*	NGM Biopharmaceuticals Inc		323
	9,374	*	Nkarta, Inc		261
	40,572	*	Novavax, Inc		8,411
	17,085	*	Nurix Therapeutics, Inc		512
	35,946	*,e	Nuvation Bio, Inc		357
	100,765	*,e	Ocugen, Inc		723
	41,830	*	Ocular Therapeutix, Inc		418
	6,792	*	Olema Pharmaceuticals, Inc		187
	29,642	*,e	Omeros Corp		409
	38,675	*	Oncocyte Corp		138
	238,337	*,e	Opko Health, Inc		870
	14,566	*	Oramed Pharmaceuticals, Inc		320
	13,691	*	Organogenesis Holdings Inc		195
	142,546		Organon & Co		4,674
	16,096	*	ORIC Pharmaceuticals, Inc		337
	100,456	*	Pacific Biosciences of California, Inc		2,567
	23,821	*	Pacira BioSciences Inc		1,334
	17,330	*,e	Paratek Pharmaceuticals, Inc		84
	8,093	*,e	Passage Bio, Inc		81
	61,536		PerkinElmer, Inc		10,664
	73,370		Perrigo Co plc		3,473
	19,507	*	Personalis, Inc		375
	3,031,926		Pfizer, Inc		130,403
	6,396	*	Phathom Pharmaceuticals, Inc		205
	12,927		Phibro Animal Health Corp		278
	13,444	*,e	Pliant Therapeutics, Inc		227
	14,315	*	PMV Pharmaceuticals, Inc		427
	91,338	*	PPD, Inc		4,274
	6,265	*,e	Praxis Precision Medicines, Inc		116

282

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	39,456	*,e	Precigen, Inc	$	197
	22,592	*	Precision BioSciences Inc		261
	5,217	*,e	Prelude Therapeutics, Inc		163
	27,333	*	Prestige Consumer Healthcare, Inc.		1,534
	51,583	*,†	Progenics Pharmaceuticals, Inc		0
	22,557	*	Protagonist Therapeutics, Inc		400
	18,603	*	Prothena Corp plc		1,325
	25,243	*,e	Provention Bio, Inc		162
	37,990	*	PTC Therapeutics, Inc		1,414
	20,506	*	Puma Biotechnology, Inc		144
	125,141	*	QIAGEN NV		6,467
	16,838	*	Quanterix Corp		838
	27,010	*	Radius Health, Inc		335
	6,533	*	RAPT Therapeutics, Inc		203
	14,987	*,e	Reata Pharmaceuticals, Inc		1,508
	11,529	*,e	Recursion Pharmaceuticals, Inc		265
	54,602	*	Regeneron Pharmaceuticals, Inc		33,044
	19,715	*	REGENXBIO, Inc		826
	31,945	*	Relay Therapeutics, Inc		1,007
	8,368	*	Relmada Therapeutics, Inc		219
	30,248	*	Repligen Corp		8,741
	10,254	*	Replimune Group, Inc		304
	33,815	*	Revance Therapeutics, Inc		942
	32,407	*	REVOLUTION Medicines, Inc		892
	24,038	*	Rhythm Pharmaceuticals, Inc		314
	86,450	*	Rigel Pharmaceuticals, Inc		314
	20,281	*	Rocket Pharmaceuticals, Inc		606
	180,548		Royalty Pharma plc		6,525
	22,395	*,e	Rubius Therapeutics, Inc		400
	28,225	*	Sage Therapeutics, Inc		1,251
	46,510	*,e	Sana Biotechnology, Inc		1,047
	52,234	*	Sangamo Therapeutics Inc		471
	41,917	*	Sarepta Therapeutics, Inc		3,876
	13,353	*,e	Scholar Rock Holding Corp		441
	72,859	*	Seagen, Inc		12,371
	22,417	*,e	Seer, Inc		774
	48,754	*	Selecta Biosciences, Inc		203
	37,976	*	Seres Therapeutics, Inc		264
	93,280	*,e	Sesen Bio, Inc		74
	14,514	*,e	Shattuck Labs, Inc		296
	35,191	*	SIGA Technologies, Inc		260
	7,098	*,e	Silverback Therapeutics, Inc		71
	6,168	*,e	Solid Biosciences, Inc		15
	127,563	*,e	Sorrento Therapeutics, Inc		973
	43,033	*	Sotera Health Co		1,125
	56,104	*	Spectrum Pharmaceuticals, Inc		122
	15,930	*	SpringWorks Therapeutics, Inc		1,011
	10,464	*	Stoke Therapeutics, Inc		266
	26,807	*	Supernus Pharmaceuticals, Inc		715
	15,843	*	Sutro Biopharma, Inc		299
	24,529	*	Syndax Pharmaceuticals, Inc		469
	55,220	*	Syneos Health, Inc		4,831
	9,466	*	Syros Pharmaceuticals, Inc		42
	12,149	*,e	Taysha Gene Therapies, Inc		226

283

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	9,709	*	TCR2 Therapeutics Inc	$	83
	69,942	*	TG Therapeutics, Inc		2,328
	114,084	*,e	TherapeuticsMD, Inc		85
	29,259	*	Theravance Biopharma, Inc		217
	213,378		Thermo Fisher Scientific, Inc		121,909
	180,181	*,e	Tonix Pharmaceuticals Holding Corp		108
	25,726	*	Travere Therapeutics, Inc		624
	53,374	*	Trillium Therapeutics, Inc		937
	25,134	*	Turning Point Therapeutics Inc		1,670
	26,284	*	Twist Bioscience Corp		2,812
	33,751	*	Ultragenyx Pharmaceutical, Inc		3,044
	25,272	*	United Therapeutics Corp		4,665
	12,098	*,e	UroGen Pharma Ltd		203
	31,395	*	Vanda Pharmaceuticals, Inc		538
	65,175	*,e	Vaxart Inc		518
	21,774	*,e	Vaxcyte, Inc		552
	102,172	*,e	VBI Vaccines, Inc		318
	36,815	*	Veracyte, Inc		1,710
	97,480	*	Verastem, Inc		300
	24,994	*	Vericel Corp		1,220
	142,478	*	Vertex Pharmaceuticals, Inc		25,844
	8,512	*	Verve Therapeutics, Inc		400
	629,110		Viatris, Inc		8,524
	29,514	*,e	Viking Therapeutics, Inc		185
	32,800	*	Vir Biotechnology, Inc		1,427
	19,787	*	Viracta Therapeutics, Inc		159
	104,364	*	VistaGen Therapeutics, Inc		286
	6,387	*,e	Vor BioPharma, Inc		100
	33,594	*	Waters Corp		12,003
	39,150	*	WaVe Life Sciences Ltd		192
	11,934		XBiotech, Inc		155
	27,098	*	Xencor, Inc		885
	19,065	*	Y-mAbs Therapeutics, Inc		544
	18,143	*	Zentalis Pharmaceuticals, Inc		1,209
	90,754	*,e	ZIOPHARM Oncology, Inc		165
	257,839		Zoetis, Inc		50,057
	33,098	*	Zogenix, Inc		503
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		1,730,920
REAL ESTATE - 3.4%
	46,252		Acadia Realty Trust		944
	36,654		Agree Realty Corp		2,428
	47,563		Alexander & Baldwin, Inc		1,115
	1,329		Alexander’s, Inc		346
	83,690		Alexandria Real Estate Equities, Inc		15,991
	28,646		American Assets Trust, Inc		1,072
	75,200		American Campus Communities, Inc		3,643
	68,972		American Finance Trust, Inc		555
	152,675		American Homes 4 Rent		5,820
	244,808		American Tower Corp		64,975
	133,721		Americold Realty Trust		3,885
	85,829		Apartment Income REIT Corp		4,189
	79,626		Apartment Investment and Management Co		545

284

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	113,878		Apple Hospitality REIT, Inc	$	1,791
	31,681		Armada Hoffler Properties, Inc		424
	5,980	*,e	Ashford Hospitality Trust, Inc		88
	76,605		AvalonBay Communities, Inc		16,979
	86,787		Boston Properties, Inc		9,403
	92,621		Brandywine Realty Trust		1,243
	162,598		Brixmor Property Group, Inc		3,595
	77,650		Broadstone Net Lease, Inc		1,927
	52,715		Camden Property Trust		7,774
	50,740		CareTrust REIT, Inc		1,031
	29,192		CatchMark Timber Trust, Inc		347
	178,216	*	CBRE Group, Inc		17,351
	9,060		Centerspace		856
	28,285	*	Chatham Lodging Trust		347
	21,833		City Office REIT, Inc		390
	10,462		Clipper Realty, Inc		85
	62,568		Columbia Property Trust, Inc		1,190
	9,586		Community Healthcare Trust, Inc		433
	7,951	*	CorePoint Lodging, Inc		123
	24,055		Coresite Realty		3,333
	61,652		Corporate Office Properties Trust		1,663
	84,914		Cousins Properties, Inc		3,166
	234,344		Crown Castle International Corp		40,617
	3,998		CTO Realty Growth, Inc		215
	110,271		CubeSmart		5,343
	66,192	*	Cushman & Wakefield plc		1,232
	65,743		CyrusOne, Inc		5,089
	114,160	*	DiamondRock Hospitality Co		1,079
	154,247		Digital Realty Trust, Inc		22,281
	279,022	*,e	DigitalBridge Group, Inc		1,683
	136,618		Diversified Healthcare Trust		463
	91,371		Douglas Emmett, Inc		2,888
	196,555		Duke Realty Corp		9,409
	45,431		Easterly Government Properties, Inc		939
	21,698		EastGroup Properties, Inc		3,616
	82,308		Empire State Realty Trust, Inc		826
	40,647		EPR Properties		2,007
	48,522		Equinix, Inc		38,339
	62,602	*	Equity Commonwealth		1,626
	96,734		Equity Lifestyle Properties, Inc		7,555
	202,535		Equity Residential		16,389
	63,885		Essential Properties Realty Trust, Inc		1,784
	35,607		Essex Property Trust, Inc		11,385
	28,436		eXp World Holdings Inc		1,131
	69,414		Extra Space Storage, Inc		11,661
	19,962		Farmland Partners, Inc		239
	43,819		Federal Realty Investment Trust		5,170
	67,202		First Industrial Realty Trust, Inc		3,500
	425	*	Forestar Group, Inc		8
	44,705		Four Corners Property Trust, Inc		1,201
	72,511		Franklin Street Properties Corp		336
	4,942	*	FRP Holdings, Inc		276
	119,573		Gaming and Leisure Properties, Inc		5,539
	42,598	e	Geo Group, Inc		318

285

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	18,198		Getty Realty Corp	$	533
	17,811		Gladstone Commercial Corp		375
	11,325		Gladstone Land Corp		258
	30,930		Global Medical REIT, Inc		455
	44,961		Global Net Lease, Inc		720
	82,789		Healthcare Realty Trust, Inc		2,465
	119,524		Healthcare Trust of America, Inc		3,545
	296,211		Healthpeak Properties Inc		9,917
	27,708	*	Hersha Hospitality Trust		259
	59,455		Highwoods Properties, Inc		2,608
	393,682	*	Host Hotels and Resorts, Inc		6,429
	22,285	*	Howard Hughes Corp		1,957
	80,595		Hudson Pacific Properties		2,117
	48,914	e	Independence Realty Trust, Inc		995
	34,891		Industrial Logistics Properties Trust		887
	12,344	e	Innovative Industrial Properties, Inc		2,854
	312,780		Invitation Homes, Inc		11,989
	157,392		Iron Mountain, Inc		6,839
	38,621	e	iStar Inc		969
	64,898		JBG SMITH Properties		1,922
	28,996	*	Jones Lang LaSalle, Inc		7,194
	65,535		Kennedy-Wilson Holdings, Inc		1,371
	63,758		Kilroy Realty Corp		4,221
	321,428		Kimco Realty Corp		6,670
	45,524		Kite Realty Group Trust		927
	47,334		Lamar Advertising Co		5,370
	144,484		Lexington Realty Trust		1,842
	42,193		Life Storage, Inc		4,841
	21,247		LTC Properties, Inc		673
	107,859		Macerich Co		1,802
	47,939	*	Mack-Cali Realty Corp		821
	11,498	*	Marcus & Millichap, Inc		467
	320,542		Medical Properties Trust, Inc		6,433
	61,102		Mid-America Apartment Communities, Inc		11,411
	50,307		Monmouth Real Estate Investment Corp (Class A)		938
	23,875		National Health Investors, Inc		1,277
	97,026		National Retail Properties, Inc		4,191
	38,309		National Storage Affiliates Trust		2,022
	21,654		NETSTREIT Corp		512
	81,428		Newmark Group, Inc		1,165
	12,730		NexPoint Residential Trust, Inc		788
	23,677		Office Properties Income Trust		600
	129,929		Omega Healthcare Investors, Inc		3,893
	9,166	e	One Liberty Properties, Inc		279
	228,590	*,e	Opendoor Technologies, Inc		4,693
	76,197		Outfront Media, Inc		1,920
	101,864		Paramount Group, Inc		916
	132,332	*	Park Hotels & Resorts, Inc		2,533
	71,223		Pebblebrook Hotel Trust		1,596
	10,100		Phillips Edison & Co, Inc		310
	107,460		Physicians Realty Trust		1,893
	71,716		Piedmont Office Realty Trust, Inc		1,250
	13,733		Plymouth Industrial REIT, Inc		312

286

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	34,013		PotlatchDeltic Corp	$	1,754
	21,687		Preferred Apartment Communities, Inc		265
	398,461		Prologis, Inc		49,979
	10,961		PS Business Parks, Inc		1,718
	81,523		Public Storage, Inc		24,220
	5,346	*,e	Rafael Holdings, Inc		164
	75,814		Rayonier, Inc		2,705
	13,117		Re/Max Holdings, Inc		409
	62,854	*	Realogy Holdings Corp		1,102
	211,362		Realty Income Corp		13,709
	57,095	*,e	Redfin Corp		2,860
	92,769		Regency Centers Corp		6,246
	63,462		Retail Opportunities Investment Corp		1,106
	117,073		Retail Properties of America, Inc		1,508
	11,764		Retail Value, Inc		310
	73,707		Rexford Industrial Realty, Inc		4,183
	92,471		RLJ Lodging Trust		1,374
	5,123		RMR Group, Inc		171
	57,913		RPT Realty		739
	29,351	*	Ryman Hospitality Properties		2,457
	116,469		Sabra Healthcare REIT, Inc		1,714
	7,521		Safehold, Inc		541
	6,451		Saul Centers, Inc		284
	59,529		SBA Communications Corp		19,679
	18,501	*,e	Seritage Growth Properties		274
	93,168		Service Properties Trust		1,044
	179,255		Simon Property Group, Inc		23,298
	103,764		SITE Centers Corp		1,602
	38,244		SL Green Realty Corp		2,709
	62,949		Spirit Realty Capital, Inc		2,898
	18,561		St. Joe Co		781
	84,224		STAG Industrial, Inc		3,306
	134,185		STORE Capital Corp		4,298
	73,018	*	Summit Hotel Properties, Inc		703
	60,721		Sun Communities, Inc		11,239
	117,301	*	Sunstone Hotel Investors, Inc		1,401
	54,135	e	Tanger Factory Outlet Centers, Inc		882
	12,164	*	Tejon Ranch Co		216
	35,329		Terreno Realty Corp		2,234
	162,250		UDR, Inc		8,596
	20,169		UMH Properties, Inc		462
	81,711		Uniti Group, Inc		1,011
	9,264		Universal Health Realty Income Trust		512
	70,770		Urban Edge Properties		1,296
	20,808		Urstadt Biddle Properties, Inc (Class A)		394
	214,672		Ventas, Inc		11,852
	125,723		VEREIT, Inc		5,686
	319,341		VICI Properties, Inc		9,072
	96,380		Vornado Realty Trust		4,049
	46,196		Washington REIT		1,143
	229,555		Welltower, Inc		18,915
	397,195		Weyerhaeuser Co		14,128
	25,132		Whitestone REIT		246
	95,264		WP Carey, Inc		6,958

287

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	62,184	*	Xenia Hotels & Resorts, Inc	$	1,103
			TOTAL REAL ESTATE		807,920
RETAILING - 6.5%
	18,290	*	1-800-FLOWERS.COM, Inc (Class A)		558
	18,402		Aaron’s Co, Inc		507
	36,579	*	Abercrombie & Fitch Co (Class A)		1,376
	54,851	*	Academy Sports & Outdoors, Inc		2,195
	35,386		Advance Auto Parts, Inc		7,392
	235,733	*	Amazon.com, Inc		774,392
	85,497		American Eagle Outfitters, Inc		2,206
	3,312	*	America’s Car-Mart, Inc		387
	65,041	*	Arko Corp		657
	10,565	*	Asbury Automotive Group, Inc		2,079
	24,494	*	Autonation, Inc		2,982
	11,540	*	AutoZone, Inc		19,595
	20,976	*	Barnes & Noble Education, Inc		210
	132,327		Bath & Body Works, Inc		8,341
	59,900	*	Bed Bath & Beyond, Inc		1,035
	137,395		Best Buy Co, Inc		14,524
	11,361	e	Big 5 Sporting Goods Corp		262
	20,052		Big Lots, Inc		869
	15,681	*	Boot Barn Holdings, Inc		1,394
	14,004		Buckle, Inc		554
	36,184	*	Burlington Stores, Inc		10,261
	20,111		Caleres, Inc		447
	22,123		Camping World Holdings, Inc		860
	89,605	*	CarMax, Inc		11,466
	19,398	*	CarParts.com, Inc		303
	42,371	*	Carvana Co		12,777
	12,003		Cato Corp (Class A)		198
	66,517	*	Chico’s FAS, Inc		299
	7,673	*	Children’s Place, Inc		577
	6,121	*	Citi Trends, Inc		447
	13,169	*,e	Conn’s, Inc		301
	11,400	*	Container Store Group, Inc		108
	32,814	*	Designer Brands, Inc		457
	34,527		Dick’s Sporting Goods, Inc		4,135
	3,340	e	Dillard’s, Inc (Class A)		576
	127,618		Dollar General Corp		27,073
	121,771	*	Dollar Tree, Inc		11,656
	78,210	*	DoorDash, Inc		16,110
	7,236	*	Duluth Holdings, Inc		99
	352,797		eBay, Inc		24,579
	69,587	*	Etsy, Inc		14,471
	30,809	*	Five Below, Inc		5,447
	55,907	*	Floor & Decor Holdings, Inc		6,753
	49,305		Foot Locker, Inc		2,251
	11,421		Franchise Group, Inc		404
	10,965	*	Funko, Inc		200
	34,832	*	GameStop Corp (Class A)		6,112
	110,566		Gap, Inc		2,510
	7,998	*	Genesco, Inc		462

288

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	74,387		Genuine Parts Co	$	9,018
	9,591		Group 1 Automotive, Inc		1,802
	12,244	*	Groupon, Inc		279
	29,518	*,e	GrowGeneration Corp		728
	21,962		Guess?, Inc		461
	9,098		Haverty Furniture Cos, Inc		307
	9,181		Hibbett Sports, Inc		649
	577,541		Home Depot, Inc		189,584
	86,005		Kohl’s Corp		4,050
	9,431	*	Lands’ End, Inc		222
	59,869	*	Leslie’s, Inc		1,230
	19,090	*	Liquidity Services, Inc		412
	15,893		Lithia Motors, Inc (Class A)		5,039
	147,744	*	LKQ Corp		7,434
	384,172		Lowe’s Companies, Inc		77,933
	19,294	*	Lumber Liquidators, Inc		360
	172,372		Macy’s, Inc		3,896
	11,739	*	MarineMax, Inc		570
	18,107		Monro Muffler, Inc		1,041
	13,744		Murphy USA, Inc		2,299
	47,869	*	National Vision Holdings, Inc		2,717
	60,699	*	Nordstrom, Inc		1,605
	29,720	*	ODP Corp		1,194
	35,834	*	Ollie’s Bargain Outlet Holdings, Inc		2,160
	5,690		OneWater Marine, Inc		229
	36,410	*	O’Reilly Automotive, Inc		22,249
	24,586	*,e	Overstock.com, Inc		1,916
	60,315	*	Party City Holdco, Inc		428
	13,329		Penske Auto Group, Inc		1,341
	40,988	*,e	Petco Health & Wellness Co, Inc		865
	14,105	e	PetMed Express, Inc		379
	21,162		Pool Corp		9,193
	41,549	*	Porch Group, Inc		735
	53,361	*	Quotient Technology, Inc		311
	201,751		Qurate Retail Group, Inc QVC Group		2,056
	42,901	*	RealReal, Inc		565
	35,975		Rent-A-Center, Inc		2,022
	19,596	*	Revolve Group, Inc		1,210
	9,426	*	RH		6,286
	189,042		Ross Stores, Inc		20,577
	66,571	*	Sally Beauty Holdings, Inc		1,122
	33,875	*	Shift Technologies, Inc		235
	4,712		Shoe Carnival, Inc		153
	13,499		Shutterstock, Inc		1,530
	29,200		Signet Jewelers Ltd		2,306
	13,058	*	Sleep Number Corp		1,221
	11,945	e	Sonic Automotive, Inc (Class A)		628
	19,952	*	Sportsman’s Warehouse Holdings, Inc		351
	9,711	*	Stamps.com, Inc		3,203
	32,244	*	Stitch Fix Inc		1,288
	269,484		Target Corp		61,650
	6,790		Tilly’s, Inc		95
	650,264		TJX Companies, Inc		42,904
	62,220		Tractor Supply Co		12,606

289

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	29,632	*	Ulta Beauty, Inc	$	10,695
	37,439	*	Urban Outfitters, Inc		1,112
	41,105	*	Victoria’s Secret & Co		2,271
	63,231	*,e	Vroom, Inc		1,395
	41,399	*,e	Wayfair, Inc		10,578
	41,140		Williams-Sonoma, Inc		7,295
	1,945		Winmark Corp		418
	4,344	*,e	Xometry, Inc		250
	11,661	*	Zumiez, Inc		464
			TOTAL RETAILING		1,551,976
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 5.1%
	659,128	*	Advanced Micro Devices, Inc		67,824
	26,133	*	Allegro MicroSystems, Inc		835
	15,539	*	Alpha & Omega Semiconductor Ltd		487
	19,074	*	Ambarella, Inc		2,971
	55,705		Amkor Technology, Inc		1,390
	291,195		Analog Devices, Inc		48,769
	496,334		Applied Materials, Inc		63,893
	10,142	*,e	Atomera, Inc		234
	20,849	*	Axcelis Technologies, Inc		980
	26,991	*	AXT, Inc		225
	217,445		Broadcom, Inc		105,446
	39,365		Brooks Automation, Inc		4,029
	15,710	*	Ceva, Inc		670
	31,760	*	Cirrus Logic, Inc		2,615
	15,115		CMC Materials, Inc		1,863
	26,675	*	Cohu, Inc		852
	62,345	*	Cree, Inc		5,033
	23,788	*	Diodes, Inc		2,155
	14,071	*	DSP Group, Inc		308
	72,463	*	Enphase Energy, Inc		10,867
	73,025		Entegris, Inc		9,194
	58,223	*	First Solar, Inc		5,558
	42,439	*	Formfactor, Inc		1,584
	15,133	*	Ichor Holdings Ltd		622
	13,074	*	Impinj, Inc		747
	2,195,229		Intel Corp		116,962
	82,820		KLA Corp		27,704
	42,347	*,e	Kopin Corp		217
	33,411		Kulicke & Soffa Industries, Inc		1,947
	77,573		Lam Research Corp		44,151
	75,431	*	Lattice Semiconductor Corp		4,877
	29,103	*	MACOM Technology Solutions Holdings, Inc		1,888
	443,725		Marvell Technology, Inc		26,761
	38,172	*	MaxLinear, Inc		1,880
	118,061	*,e	Meta Materials, Inc		682
	146,017		Microchip Technology, Inc		22,412
	605,558		Micron Technology, Inc		42,982
	29,985		MKS Instruments, Inc		4,525
	24,626		Monolithic Power Systems, Inc		11,936
	26,573	*	Nanometrics, Inc		1,920
	21,168	*	NeoPhotonics Corp Ltd		184

290

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	3,184		NVE Corp	$	204
	1,299,347		NVIDIA Corp		269,173
	143,861		NXP Semiconductors NV		28,178
	229,199	*	ON Semiconductor Corp		10,490
	20,605	*	PDF Solutions, Inc		475
	46,544	*	Photronics, Inc		634
	33,225		Power Integrations, Inc		3,289
	59,412	*	Qorvo, Inc		9,933
	613,778		QUALCOMM, Inc		79,165
	61,164	*	Rambus, Inc		1,358
	35,296	*	Semtech Corp		2,752
	24,113	*	Silicon Laboratories, Inc		3,380
	7,023	*	SiTime Corp		1,434
	87,959		Skyworks Solutions, Inc		14,494
	7,747	*	SMART Global Holdings, Inc		345
	42,585	*,e	SunPower Corp		966
	19,257	*	Synaptics, Inc		3,461
	92,360		Teradyne, Inc		10,083
	502,809		Texas Instruments, Inc		96,645
	23,500	*	Ultra Clean Holdings		1,001
	24,314		Universal Display Corp		4,157
	34,384	*	Veeco Instruments, Inc		764
	135,165		Xilinx, Inc		20,409
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		1,212,969
SOFTWARE & SERVICES - 15.1%
	65,506	*	8x8, Inc		1,532
	32,215	*	A10 Networks, Inc		434
	345,384		Accenture plc		110,495
	68,208	*	ACI Worldwide, Inc		2,096
	259,305	*	Adobe, Inc		149,287
	11,056	*	Agilysys, Inc		579
	87,211	*	Akamai Technologies, Inc		9,121
	26,945	*	Alarm.com Holdings, Inc		2,107
	27,328		Alliance Data Systems Corp		2,757
	24,769	*,e	Altair Engineering, Inc		1,708
	32,290	*	Alteryx, Inc		2,360
	70,160		Amdocs Ltd		5,312
	15,720		American Software, Inc (Class A)		373
	78,020	*	Anaplan, Inc		4,751
	46,996	*	Ansys, Inc		16,000
	9,509	*	Appfolio, Inc		1,145
	20,140	*,e	Appian Corp		1,863
	40,356	*	Asana, Inc		4,191
	37,307	*	Aspen Technology, Inc		4,581
	73,957	*	Atlassian Corp plc		28,948
	119,804	*	Autodesk, Inc		34,165
	231,541		Automatic Data Processing, Inc		46,290
	46,044	*	Avalara, Inc		8,047
	45,036	*	Avaya Holdings Corp		891
	11,374	*	Benefitfocus, Inc		126
	74,063	e	Bentley Systems, Inc		4,491
	24,476	*	BigCommerce Holdings, Inc		1,240
	40,000	*	Bill.Com Holdings, Inc		10,678

291

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	82,754	*	Black Knight, Inc	$	5,958
	26,411	*	Blackbaud, Inc		1,858
	29,853	*	Blackline, Inc		3,524
	24,159	*	Bottomline Technologies, Inc		949
	86,219	*	Box, Inc		2,041
	20,694	*	Brightcove, Inc		239
	61,037		Broadridge Financial Solutions, Inc		10,171
	25,858	*,e	BTRS Holdings, Inc		275
	18,561	*,e	C3.ai, Inc		860
	147,641	*	Cadence Design Systems, Inc		22,359
	31,787	*	Cantaloupe, Inc		343
	10,596		Cass Information Systems, Inc		443
	66,103		CDK Global, Inc		2,813
	22,039	*	Cerence Inc		2,118
	70,954	*	Ceridian HCM Holding, Inc		7,991
	15,814	*	ChannelAdvisor Corp		399
	68,044		Citrix Systems, Inc		7,306
	17,869	*,e	Cleanspark, Inc		207
	114,390	*	Cloudera, Inc		1,827
	140,170	*	Cloudflare, Inc		15,790
	283,075		Cognizant Technology Solutions Corp (Class A)		21,007
	20,876	*	Commvault Systems, Inc		1,572
	23,676	*	Concentrix Corp		4,191
	91,431	*	Conduent, Inc		603
	37,259	*	Cornerstone OnDemand, Inc		2,133
	40,201	*	Coupa Software, Inc		8,811
	106,940	*	Crowdstrike Holdings, Inc		26,284
	6,968	*	CS Disco, Inc		334
	17,763		CSG Systems International, Inc		856
	124,525	*	Datadog, Inc		17,602
	13,627	*,e	Datto Holding Corp		326
	7,264	*,e	Digimarc Corp		250
	46,104	*	Digital Turbine, Inc		3,170
	26,690	*,e	DigitalOcean Holdings, Inc		2,072
	103,146	*	DocuSign, Inc		26,553
	35,265		Dolby Laboratories, Inc (Class A)		3,103
	15,039	*	Domo, Inc		1,270
	8,370	*,e	DoubleVerify Holdings, Inc		286
	165,340	*	Dropbox, Inc		4,831
	40,815	*	Duck Creek Technologies, Inc		1,806
	139,396	*	DXC Technology Co		4,685
	106,722	*	Dynatrace, Inc		7,574
	87,429	*,e	E2open Parent Holdings, Inc		988
	17,480	e	Ebix, Inc		471
	37,517	*	Elastic NV		5,590
	30,234	*	Envestnet, Inc		2,426
	28,803	*	EPAM Systems, Inc		16,432
	27,813	*	Euronet Worldwide, Inc		3,540
	21,053	*	Everbridge, Inc		3,180
	31,074		EVERTEC, Inc		1,421
	25,590	*	Evo Payments, Inc		606
	17,218	*	ExlService Holdings, Inc		2,120
	14,532	*	Fair Isaac Corp		5,783

292

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	58,075	*,e	Fastly, Inc	$	2,349
	336,431		Fidelity National Information Services, Inc		40,937
	127,712	*	FireEye, Inc		2,273
	324,727	*	Fiserv, Inc		35,233
	37,675	*	Five9, Inc		6,018
	44,795	*	FleetCor Technologies, Inc		11,704
	6,526	*	Flywire Corp		286
	71,759	*	Fortinet, Inc		20,957
	44,121	*	Gartner, Inc		13,408
	94,449		Genpact Ltd		4,487
	161,241		Global Payments, Inc		25,408
	21,651	*	Globant S.A.		6,084
	93,198	*	GoDaddy, Inc		6,496
	37,008	*	GreenSky, Inc		414
	15,258	*	Grid Dynamics Holdings, Inc		446
	46,084	*	Guidewire Software, Inc		5,478
	17,956		Hackett Group, Inc		352
	24,272	*	HubSpot, Inc		16,410
	9,245	*	I3 Verticals, Inc		224
	4,355	*,e	Intelligent Systems Corp		177
	18,324		InterDigital, Inc		1,243
	484,450		International Business Machines Corp		67,305
	13,645	*	International Money Express Inc		228
	138,550		Intuit, Inc		74,749
	23,417	*	j2 Global, Inc		3,199
	40,567		Jack Henry & Associates, Inc		6,655
	29,050	*	Jamf Holding Corp		1,119
	28,159	*,e	JFrog Ltd		943
	50,961	*,e	Limelight Networks, Inc		121
	34,967	*	Liveperson, Inc		2,061
	35,615	*	LiveRamp Holdings, Inc		1,682
	32,654	*	Manhattan Associates, Inc		4,997
	52,095	*,e	Marathon Digital Holdings, Inc		1,645
	475,222		Mastercard, Inc (Class A)		165,225
	31,583		MAXIMUS, Inc		2,628
	21,219		McAfee Corp		469
	56,879	*	Medallia, Inc		1,927
	4,093,137		Microsoft Corp		1,153,937
	4,156	*,e	MicroStrategy, Inc (Class A)		2,404
	33,586	*	Mimecast Ltd		2,136
	22,456	*	Mitek Systems, Inc		415
	14,483	*	Model N, Inc		485
	35,218	*	MoneyGram International, Inc		282
	33,619	*	MongoDB, Inc		15,852
	19,169	*,e	N-Able, Inc		238
	25,933	*,e	nCino, Inc		1,842
	68,992	*	NCR Corp		2,674
	30,028	*	New Relic, Inc		2,155
	283,454		NortonLifelock, Inc		7,171
	147,476	*	Nuance Communications, Inc		8,117
	105,783	*	Nutanix, Inc		3,988
	68,248	*	Okta, Inc		16,198
	4,837	*	ON24, Inc		96
	21,489	*	OneSpan, Inc		404

293

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	915,405		Oracle Corp	$	79,759
	41,005	*	Pagerduty, Inc		1,698
	892,714	*	Palantir Technologies, Inc		21,461
	51,740	*	Palo Alto Networks, Inc		24,783
	44,842	*,e	Paya Holdings, Inc		487
	172,244		Paychex, Inc		19,369
	27,676	*	Paycom Software, Inc		13,720
	11,105	*	Paycor HCM, Inc		390
	20,584	*	Paylocity Holding Corp		5,772
	638,184	*	PayPal Holdings, Inc		166,062
	225,806	*,e	Paysafe Ltd		1,750
	22,404		Pegasystems, Inc		2,848
	17,663	*	Perficient, Inc		2,044
	23,740	*	Ping Identity Holding Corp		583
	5,488	*	Procore Technologies, Inc		490
	23,997		Progress Software Corp		1,180
	19,034	*	PROS Holdings, Inc		675
	57,208	*	PTC, Inc		6,853
	29,530	*	Q2 Holdings, Inc		2,367
	7,729		QAD, Inc (Class A)		675
	18,605	*	Qualys, Inc		2,071
	19,217	*,e	Rackspace Technology, Inc		273
	31,056	*	Rapid7, Inc		3,510
	42,004	*	Repay Holdings Corp		967
	44,149	*	RingCentral, Inc		9,602
	46,008	*,e	Riot Blockchain, Inc		1,182
	186,641	*	Sabre Corp		2,210
	52,403	*	SailPoint Technologies Holding, Inc		2,247
	501,912	*	salesforce.com, Inc		136,129
	15,268		Sapiens International Corp NV		439
	4,599	*,e	SecureWorks Corp		91
	107,361	*	ServiceNow, Inc		66,808
	23,585	*	Shift4 Payments, Inc		1,828
	4,906	*	ShotSpotter, Inc		178
	66,115	*	Smartsheet, Inc		4,550
	106,203	*	Snowflake, Inc		32,119
	19,169	e	SolarWinds Corp		321
	90,017	*	Splunk, Inc		13,026
	24,107	*	Sprout Social, Inc		2,940
	19,690	*	SPS Commerce, Inc		3,176
	214,992	*	Square, Inc		51,564
	121,462		SS&C Technologies Holdings, Inc		8,430
	120,616	*	StoneCo Ltd		4,188
	44,512	*	Sumo Logic, Inc		718
	70,963	*	SVMK, Inc		1,391
	62,944		Switch, Inc		1,598
	81,821	*	Synopsys, Inc		24,498
	21,512	*	Telos Corp		611
	49,510	*	Tenable Holdings, Inc		2,284
	63,587	*	Teradata Corp		3,647
	234,140	*	Trade Desk, Inc		16,460
	10,054		TTEC Holdings, Inc		940
	6,516	*,e	Tucows, Inc		514

294

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	90,362	*	Twilio, Inc	$	28,830
	21,091	*	Tyler Technologies, Inc		9,673
	38,674	*	Unisys Corp		972
	80,847	*	Unity Software, Inc		10,207
	15,606	*	Upland Software, Inc		522
	56,469	*	Varonis Systems, Inc		3,436
	35,164	*	Verint Systems, Inc		1,575
	51,900	*	VeriSign, Inc		10,640
	13,662	*	Veritone, Inc		326
	63,620	*	Verra Mobility Corp		959
	6,012	*	Viant Technology, Inc		74
	32,131	*,e	VirnetX Holding Corp		126
	919,332		Visa, Inc (Class A)		204,781
	43,180	*,e	VMware, Inc (Class A)		6,421
	143,849	*	Vonage Holdings Corp		2,319
	229,572		Western Union Co		4,642
	24,535	*	WEX, Inc		4,322
	29,289	*	Wix.com Ltd		5,740
	101,936	*	Workday, Inc		25,473
	22,930	*	Workiva, Inc		3,232
	57,275		Xperi Holding Corp		1,079
	55,032	*	Yext, Inc		662
	65,282	*	Zendesk, Inc		7,598
	42,422	*	Zix Corp		300
	115,895	*	Zoom Video Communications, Inc		30,307
	42,470	*	Zscaler, Inc		11,137
	55,037	*	Zuora Inc		913
			TOTAL SOFTWARE & SERVICES		3,608,388
TECHNOLOGY HARDWARE & EQUIPMENT - 6.9%
	66,252	*	3D Systems Corp		1,827
	6,963	*,e	908 Devices, Inc		226
	35,649		Adtran, Inc		669
	20,999		Advanced Energy Industries, Inc		1,843
	41,314	*	Aeva Technologies, Inc		328
	18,515	*,e	Akoustis Technologies, Inc		180
	314,057		Amphenol Corp (Class A)		22,998
	8,527,074		Apple, Inc		1,206,581
	31,708	*	Arista Networks, Inc		10,896
	47,303	*	Arlo Technologies, Inc		303
	36,241	*	Arrow Electronics, Inc		4,069
	24,161	*	Avid Technology, Inc		699
	54,480		Avnet, Inc		2,014
	15,939		Badger Meter, Inc		1,612
	24,142		Belden CDT, Inc		1,406
	19,531		Benchmark Electronics, Inc		522
	26,799	*	CalAmp Corp		267
	28,887	*	Calix, Inc		1,428
	4,889	*	Cambium Networks Corp		177
	9,824	*	Casa Systems, Inc		67
	72,490		CDW Corp		13,195
	79,273	*	Ciena Corp		4,071
	2,295,138		Cisco Systems, Inc		124,924
	8,964	*	Clearfield, Inc		396

295

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	93,925		Cognex Corp	$	7,535
	13,422	*	Coherent, Inc		3,357
	115,638	*	CommScope Holding Co, Inc		1,571
	16,237		Comtech Telecommunications Corp		416
	415,791		Corning, Inc		15,172
	8,680	*,e	Corsair Gaming, Inc		225
	17,421		CTS Corp		538
	27,847	*	Daktronics, Inc		151
	145,569	*	Dell Technologies, Inc		15,145
	53,560	*	Diebold, Inc		541
	18,652	*	Digi International, Inc		392
	9,167	*	DZS, Inc		112
	24,605	*,e	Eastman Kodak Co		168
	22,558	*	EchoStar Corp (Class A)		575
	20,159	*	EMCORE Corp		151
	9,278	*	ePlus, Inc		952
	79,396	*	Extreme Networks, Inc		782
	32,335	*	F5 Networks, Inc		6,428
	20,485	*	Fabrinet		2,100
	9,925	*	FARO Technologies, Inc		653
	58,321	*,e	Harmonic, Inc		510
	707,951		Hewlett Packard Enterprise Co		10,088
	652,220		HP, Inc		17,845
	57,079	*	II-VI, Inc		3,388
	103,799	*	Infinera Corp		864
	40,550	*,e	Inseego Corp		270
	19,073	*	Insight Enterprises, Inc		1,718
	19,271	*	IPG Photonics Corp		3,053
	18,293	*	Iteris, Inc		97
	24,355	*	Itron, Inc		1,842
	71,253		Jabil Inc		4,159
	178,205		Juniper Networks, Inc		4,904
	99,085	*	Keysight Technologies, Inc		16,279
	21,162	*	Kimball Electronics, Inc		545
	48,573	*	Knowles Corp		910
	10,929	*	KVH Industries, Inc		105
	13,151		Littelfuse, Inc		3,594
	41,562	*	Lumentum Holdings, Inc		3,472
	20,833		Methode Electronics, Inc		876
	86,400	*,e	Microvision, Inc		955
	89,099		Motorola Solutions, Inc		20,699
	7,937	*	Napco Security Technologies, Inc		342
	72,088		National Instruments Corp		2,828
	124,222		NetApp, Inc		11,150
	16,454	*	Netgear, Inc		525
	43,446	*	Netscout Systems, Inc		1,171
	20,535	*	nLight, Inc		579
	18,332	*	Novanta, Inc		2,832
	9,244	*	OSI Systems, Inc		876
	15,844	*,e	Ouster, Inc		116
	12,941	*,e	PAR Technology Corp		796
	8,216		PC Connection, Inc		362
	18,613	*	Plantronics, Inc		479

296

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	17,083	*	Plexus Corp	$	1,527
	148,433	*	Pure Storage, Inc		3,735
	30,487	*	Quantum Corp		158
	37,508	*	Ribbon Communications, Inc		224
	10,213	*	Rogers Corp		1,904
	36,299	*	Sanmina Corp		1,399
	17,777	*	Scansource, Inc		618
	26,460	*	Super Micro Computer, Inc		968
	22,861		SYNNEX Corp		2,380
	25,245	*	Teledyne Technologies, Inc		10,845
	135,626	*	Trimble Inc		11,155
	57,723	*	TTM Technologies, Inc		726
	8,166	*	Turtle Beach Corp		227
	3,604		Ubiquiti, Inc		1,076
	38,579	*,e	Velodyne Lidar, Inc		228
	34,027	*	Viasat, Inc		1,874
	136,006	*	Viavi Solutions, Inc		2,141
	72,768		Vishay Intertechnology, Inc		1,462
	9,508	*	Vishay Precision Group, Inc		331
	92,880		Vontier Corp		3,121
	168,648	*	Western Digital Corp		9,518
	84,117		Xerox Holdings Corp		1,697
	29,192	*	Zebra Technologies Corp (Class A)		15,046
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		1,648,251
TELECOMMUNICATION SERVICES - 1.2%
	7,472	*	Anterix, Inc		454
	3,878,591		AT&T, Inc		104,761
	7,918		ATN International, Inc		371
	12,460	*	Bandwidth Inc		1,125
	25,280		Cogent Communications Group, Inc		1,791
	48,355	*	Consolidated Communications Holdings, Inc		444
	331,269	*,e	Globalstar, Inc		553
	42,541	*,e	Gogo, Inc		736
	11,096	*	IDT Corp (Class B)		466
	60,764	*	Iridium Communications, Inc		2,421
	29,453	*	Liberty Latin America Ltd (Class A)		385
	84,348	*	Liberty Latin America Ltd (Class C)		1,107
	604,873		Lumen Technologies, Inc		7,494
	13,047	*	Ooma, Inc		243
	23,995	*,e	Radius Global Infrastructure, Inc		392
	26,373		Shenandoah Telecom Co		833
	55,138		Telephone & Data Systems, Inc		1,075
	320,550	*	T-Mobile US, Inc		40,953
	9,529	*	US Cellular Corp		304
	2,250,584		Verizon Communications, Inc		121,554
			TOTAL TELECOMMUNICATION SERVICES		287,462
TRANSPORTATION - 1.9%
	37,928	*	Air Transport Services Group, Inc		979
	69,726	*	Alaska Air Group, Inc		4,086
	8,270	*	Allegiant Travel Co		1,617
	4,307		Amerco, Inc		2,782
	347,869	*	American Airlines Group, Inc		7,138

297

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	13,812		ArcBest Corp	$	1,129
	15,514	*	Atlas Air Worldwide Holdings, Inc		1,267
	27,914	*	Avis Budget Group, Inc		3,252
	72,538		CH Robinson Worldwide, Inc		6,311
	17,311	*	Copa Holdings S.A. (Class A)		1,409
	23,634		Costamare, Inc		366
	8,672	*	Covenant Transportation Group, Inc		240
	1,230,103		CSX Corp		36,583
	14,173	*,e	Daseke, Inc		131
	351,191	*	Delta Air Lines, Inc		14,964
	4,116	*,e	Eagle Bulk Shipping, Inc		207
	14,381	*	Echo Global Logistics, Inc		686
	91,689		Expeditors International of Washington, Inc		10,923
	133,024		FedEx Corp		29,171
	14,836		Forward Air Corp		1,232
	18,987	*	Frontier Group Holdings, Inc		300
	17,525		Genco Shipping & Trading Ltd		353
	50,638	*	GXO Logistics, Inc		3,972
	27,588	*	Hawaiian Holdings, Inc		598
	26,012		Heartland Express, Inc		417
	18,067	*	Hub Group, Inc (Class A)		1,242
	9,562	*	HyreCar, Inc		81
	46,395		JB Hunt Transport Services, Inc		7,758
	173,855	*	JetBlue Airways Corp		2,658
	49,452		Kansas City Southern		13,384
	32,726	*	Kirby Corp		1,570
	88,315		Knight-Swift Transportation Holdings, Inc		4,517
	20,412		Landstar System, Inc		3,221
	154,071	*	Lyft, Inc (Class A)		8,257
	34,852		Marten Transport Ltd		547
	23,449		Matson, Inc		1,893
	19,117	*	Mesa Air Group, Inc		146
	133,815		Norfolk Southern Corp		32,015
	54,303		Old Dominion Freight Line		15,530
	29,335	*	Radiant Logistics, Inc		187
	30,762		Ryder System, Inc		2,544
	33,371	*	Safe Bulkers, Inc		172
	13,620	*	Saia, Inc		3,242
	22,723		Schneider National, Inc		517
	28,022	*	Skywest, Inc		1,383
	314,707	*	Southwest Airlines Co		16,185
	50,261	*	Spirit Airlines, Inc		1,304
	9,455	*	Sun Country Airlines Holdings, Inc		317
	19,681	*,e	TuSimple Holdings, Inc		731
	876,189	*	Uber Technologies, Inc		39,253
	354,164		Union Pacific Corp		69,420
	177,925	*	United Airlines Holdings Inc		8,464
	392,946		United Parcel Service, Inc (Class B)		71,555
	6,297		Universal Logistics Holdings Inc		126
	14,010	*	US Xpress Enterprises, Inc		121
	36,247		Werner Enterprises, Inc		1,605
	52,508	*	XPO Logistics, Inc		4,179
			TOTAL TRANSPORTATION		444,237

298

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
UTILITIES - 2.4%
	362,922		AES Corp	$	8,285
	28,646		Allete, Inc		1,705
	137,659		Alliant Energy Corp		7,706
	139,860		Ameren Corp		11,329
	269,655		American Electric Power Co, Inc		21,891
	20,132		American States Water Co		1,722
	98,521		American Water Works Co, Inc		16,654
	4,909		Artesian Resources Corp		187
	69,836		Atmos Energy Corp		6,159
	27,653		Avangrid, Inc		1,344
	33,562		Avista Corp		1,313
	34,402		Black Hills Corp		2,159
	28,904	e	Brookfield Infrastructure Corp		1,731
	72,027		Brookfield Renewable Corp		2,795
	15,011	*	Cadiz, Inc		106
	27,726		California Water Service Group		1,634
	319,280		Centerpoint Energy, Inc		7,854
	9,405		Chesapeake Utilities Corp		1,129
	10,556		Clearway Energy, Inc (Class A)		298
	47,061		Clearway Energy, Inc (Class C)		1,424
	161,672		CMS Energy Corp		9,657
	192,107		Consolidated Edison, Inc		13,945
	436,670		Dominion Energy, Inc		31,886
	101,817		DTE Energy Co		11,374
	414,485		Duke Energy Corp		40,450
	195,908		Edison International		10,867
	106,399		Entergy Corp		10,566
	120,688		Essential Utilities Inc		5,561
	127,478		Evergy, Inc		7,929
	188,645		Eversource Energy		15,424
	526,988		Exelon Corp		25,475
	288,831		FirstEnergy Corp		10,288
	6,410		Global Water Resources, Inc		120
	57,902		Hawaiian Electric Industries, Inc		2,364
	27,642		Idacorp, Inc		2,858
	96,446		MDU Resources Group, Inc		2,862
	19,874		MGE Energy, Inc		1,461
	11,759		Middlesex Water Co		1,209
	44,613		National Fuel Gas Co		2,343
	52,723		New Jersey Resources Corp		1,835
	1,066,459		NextEra Energy, Inc		83,738
	211,543		NiSource, Inc		5,126
	14,483		Northwest Natural Holding Co		666
	27,636		NorthWestern Corp		1,583
	135,219		NRG Energy, Inc		5,521
	109,645		OGE Energy Corp		3,614
	29,641		ONE Gas, Inc		1,878
	24,734		Ormat Technologies, Inc		1,647
	22,455		Otter Tail Corp		1,257
	829,869	*,b	PG&E Corp		7,967
	62,725		Pinnacle West Capital Corp		4,539

299

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	VALUE (000)
	46,134		PNM Resources, Inc	$	2,283
	50,460		Portland General Electric Co		2,371
	406,884		PPL Corp		11,344
	270,839		Public Service Enterprise Group, Inc		16,494
	11,616	*	Pure Cycle Corp		155
	173,570		Sempra Energy		21,957
	12,005		SJW Corp		793
	58,642	e	South Jersey Industries, Inc		1,247
	573,959		Southern Co		35,568
	31,668		Southwest Gas Holdings Inc		2,118
	26,256		Spire, Inc		1,606
	46,961	*	Sunnova Energy International, Inc		1,547
	105,006		UGI Corp		4,475
	10,272		Unitil Corp		439
	7,544	e	Via Renewables, Inc		77
	268,521		Vistra Energy Corp		4,592
	173,437		WEC Energy Group, Inc		15,297
	295,903		Xcel Energy, Inc		18,494
	9,006		York Water Co		393
			TOTAL UTILITIES		564,685
			TOTAL COMMON STOCKS		23,902,206
			(Cost $7,956,605)
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		3
	6,981	†	Tobira Therapeutics, Inc		0	^
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		5
			TOTAL RIGHTS / WARRANTS		5
			(Cost $1)

PRINCIPAL		ISSUER	RATE		MATURITY DATE
SHORT-TERM INVESTMENTS - 0.5%
GOVERNMENT AGENCY DEBT - 0.2%
$	692,000	Federal Home Loan Bank (FHLB)	0.000	%	10/13/21	692
	25,000,000	FHLB	0.000		10/22/21	25,000
	10,000,000	FHLB	0.000		10/25/21	10,000
	14,000,000	FHLB	0.000		11/05/21	13,999
		TOTAL GOVERNMENT AGENCY DEBT				49,691

300

COLLEGE RETIREMENT EQUITIES FUND - Equity Index Account

SHARES			COMPANY	RATE		VALUE (000)
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.3%
$	80,325,329	c	State Street Navigator Securities Lending Government Money Market Portfolio	0.030	%	$	80,325
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES				80,325
			TOTAL SHORT-TERM INVESTMENTS				130,016
			(Cost $130,016)
			TOTAL INVESTMENTS - 100.3%				24,032,235
			(Cost $8,086,630)
			OTHER ASSETS & LIABILITIES, NET - (0.3)%				(70,425	)
			NET ASSETS - 100.0%			$	23,961,810

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

*	Non-income producing
^	Amount represents less than $1,000.
†	Security is categorized as Level 3 in the fair value hierarchy.

b	In bankruptcy
c	Investments made with cash collateral received from securities on loan.
d	All or a portion of these securities have been segregated to cover margin requirements on open futures contracts.
e	All or a portion of these securities are out on loan. The aggregate value of securities on loan is $174,009,262.
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 9/30/21, the aggregate value of these securities is $2,003,274 or 0.0% of net assets.

Cost amounts are in thousands.

Futures contracts outstanding as of September 30, 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)
Russel 2000 E Mini Index	12	12/17/21	$	1,347	$	1,320	$	(27	)
S&P 500 E Mini Index	169	12/17/21		38,053		36,316		(1,737	)
Total	181		$	39,400	$	37,636	$	(1,764	)

301

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

COLLEGE RETIREMENT EQUITIES FUND

BOND MARKET ACCOUNT

SCHEDULE OF INVESTMENTS (unaudited)

September 30, 2021  

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE (000)
BANK LOAN OBLIGATIONS - 0.7%
AUTOMOBILES & COMPONENTS - 0.0%
$	819,280	i	Adient US LLC	LIBOR 1 M + 3.500%		3.584	%	04/10/28	$	819
	847,326	i	Clarios Global LP	LIBOR 1 M + 3.250%		3.334		04/30/26		843
	2,013,554	i	Gates Global LLC	LIBOR 1 M + 2.500%		3.250		03/31/27		2,009
			TOTAL AUTOMOBILES & COMPONENTS							3,671
CAPITAL GOODS - 0.0%
	174,057	i	Avolon TLB Borrower US LLC	LIBOR 1 M + 1.750%		2.500		01/15/25		173
	222,188	i	Avolon TLB Borrower US LLC	LIBOR 1 M + 1.500%		2.250		02/12/27		220
	809,630	i	Beacon Roofing Supply, Inc	LIBOR 1 M + 2.250%		2.334		05/19/28		805
	844,866	i	Cornerstone Building Brands, Inc	LIBOR 1 M + 3.250%		3.750		04/12/28		842
	478,814	i	Prometric Holdings Inc	LIBOR 1 M + 3.000%		4.000		01/29/25		475
	1,354,764	i	TransDigm, Inc	LIBOR 1 M + 2.250%		2.334		08/22/24		1,340
	1,470,010	i	TransDigm, Inc	LIBOR 1 M + 2.250%		2.334		05/30/25		1,451
			TOTAL CAPITAL GOODS							5,306
COMMERCIAL & PROFESSIONAL SERVICES - 0.1%
	648,375	i	AECOM	LIBOR 1 M + 1.750%		1.834		04/13/28		648
	1,607,175	i	GFL Environmental, Inc	LIBOR 3 M + 3.000%		3.500		05/30/25		1,609
	671,625	i	PAE Holding Corp	LIBOR 3 M + 4.500%		5.250		10/14/27		670
	2,518,323	i	Prime Security Services Borrower LLC	LIBOR 1 M + 2.750%		3.500		09/23/26		2,515
	768,075	i	Spin Holdco, Inc	LIBOR 3 M + 4.000%		4.750		03/01/28		770
	1,726,538	i	Trans Union LLC	LIBOR 1 M + 1.750%		1.834		11/16/26		1,715
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES							7,927
CONSUMER DURABLES & APPAREL - 0.0%
	390,786	i	Samsonite IP Holdings Sarl	LIBOR 1 M + 1.750%		1.834		04/25/25		383
			TOTAL CONSUMER DURABLES & APPAREL							383
CONSUMER SERVICES - 0.1%
	439,185	i	1011778 BC ULC	LIBOR 1 M + 1.750%		1.837		11/19/26		434
	317,267	i	Boyd Gaming Corp	LIBOR 1 W + 2.250%		2.322		09/15/23		317
	496,250	i,j	IRB Holding Corp	LIBOR 3 M + 3.250%		4.250		12/15/27		497
	1,313,436	i	KFC Holding Co	LIBOR 1 M + 1.750%		1.836		03/09/28		1,312
	1,959,391	i	Scientific Games International, Inc	LIBOR 1 M + 2.750%		2.834		08/14/24		1,950
	1,563,188	i	Sophia LP	LIBOR 3 M + 3.750%		4.500		10/07/27		1,568
	2,000,000	i	Stars Group Holdings BV	LIBOR 1 M + 2.250%		2.382		07/21/26		1,992
			TOTAL CONSUMER SERVICES							8,070
DIVERSIFIED FINANCIALS - 0.0%
	865,570	i	Lions Gate Capital Holdings LLC	LIBOR 1 M + 2.250%		2.334		03/24/25		858
	1,761,688	i	Reynolds Group Holdings, Inc	LIBOR 1 M + 3.250%		3.334		02/05/26		1,748
			TOTAL DIVERSIFIED FINANCIALS							2,606
ENERGY - 0.0%
	1,970,113	i	Buckeye Partners LP	LIBOR 1 M + 2.250%		2.334		11/01/26		1,959
	539,063	i	ChampionX Holding, Inc	LIBOR 3 M + 5.000%		6.000		06/03/27		547

302

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE (000)
$	1,959,568	i	Delek US Holdings, Inc	LIBOR 1 M + 2.250%		2.334	%	03/31/25	$	1,899
	643,388	i	DT Midstream, Inc	LIBOR 3 M + 2.000%		2.500		06/26/28		643
			TOTAL ENERGY							5,048
FOOD, BEVERAGE & TOBACCO - 0.0%
	594,000	i	Chobani LLC	LIBOR 1 M + 3.500%		4.500		10/20/27		595
	884,211	i	Hostess Brands LLC	LIBOR 1 M + 2.250%		3.000		08/01/25		881
	990,019	i	Shearer’s Foods LLC	LIBOR 3 M + 3.500%		4.250		09/23/27		988
			TOTAL FOOD, BEVERAGE & TOBACCO							2,464
HEALTH CARE EQUIPMENT & SERVICES - 0.1%
	1,303,890	i	Change Healthcare Holdings LLC	LIBOR 1 M + 2.500%		3.500		03/01/24		1,302
	2,203,308	i	Da Vinci Purchaser Corp	LIBOR 1 M + 4.000%		5.000		01/08/27		2,211
	980,044	i	DaVita, Inc	LIBOR 1 M + 1.750%		1.834		08/12/26		974
	431,688	i	Grifols Worldwide Operations USA, Inc	LIBOR 1 W + 2.000%		2.072		11/15/27		425
	2,012,842	i	RegionalCare Hospital Partners Holdings, Inc	LIBOR 1 M + 3.750%		3.834		11/16/25		2,009
	2,920,100	i	Select Medical Corp	LIBOR 1 M + 2.250%		2.340		03/06/25		2,897
	1,409,510	i	Team Health Holdings, Inc	LIBOR 1 M + 2.750%		3.750		02/06/24		1,371
			TOTAL HEALTH CARE EQUIPMENT & SERVICES							11,189
HOUSEHOLD & PERSONAL PRODUCTS - 0.0%
	591,905	i	Weber-Stephen Products LLC	LIBOR 1 M + 3.250%		4.000		10/29/27		593
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS							593
INSURANCE - 0.0%
	769,173	i	Alera Group Intermediate Holdings, Inc	LIBOR 1 M + 4.000%		4.500		08/01/25		769
	148,331	i	Alliant Holdings Intermediate LLC	LIBOR 1 M + 3.750%		4.250		11/05/27		149
	1,975,000	i	NFP Corp	LIBOR 1 M + 3.250%		3.334		02/15/27		1,953
	2,455,243	i	USI, Inc	LIBOR 3 M + 3.000%		3.132		05/16/24		2,437
			TOTAL INSURANCE							5,308
MATERIALS - 0.1%
	1,732,500	i	Asplundh Tree Expert LLC	LIBOR 1 M + 1.750%		1.834		09/02/27		1,726
	1,288,578	i	Berry Global, Inc	LIBOR 1 M + 1.750%		1.856		07/01/26		1,280
	482,500	i	Ineos US Finance LLC	LIBOR 2 M + 2.000%		2.107		03/31/24		479
	298,346	i	Messer Industries USA, Inc	LIBOR 3 M + 2.500%		2.584		03/01/26		297
	1,365,224	i	PolyOne Corp	LIBOR 1 M + 1.750%		1.834		01/30/26		1,360
	302,326	i	Reynolds Consumer Products LLC	LIBOR 1 M + 1.750%		1.834		02/04/27		301
	359,254	i	Starfruit US Holdco LLC	LIBOR 1 M + 2.750%		2.832		10/01/25		357
	1,189,469	i	Tamko Building Products, Inc	LIBOR 1 M + 3.000%		3.132		05/29/26		1,182
			TOTAL MATERIALS							6,982
MEDIA & ENTERTAINMENT - 0.1%
	1,644,491	i	Alliance Laundry Systems LLC	LIBOR 3 M + 3.500%		4.250		10/08/27		1,646
	347,375	i	Arterra Wines Canada, Inc	LIBOR 3 M + 3.500%		4.250		11/19/27		347
	421,813	i	Cablevision Lightpath LLC	LIBOR 1 M + 3.250%		3.750		11/30/27		422
	1,960,000	i	Charter Communications Operating LLC	LIBOR 1 M + 1.750%		1.840		02/01/27		1,947
	970,125	i	CNT Holdings I Corp	LIBOR 3 M + 3.750%		4.500		11/08/27		971
	712,340	i	CSC Holdings LLC	LIBOR 1 M + 2.500%		2.584		04/15/27		703
	980,000	i	Diamond Sports Group LLC	LIBOR 1 M + 3.250%		3.340		08/24/26		608
	1,400,000	i	DIRECTV Financing LLC	LIBOR 3 M + 5.000%		5.750		08/02/27		1,401
	378,728	i	Nielsen Finance LLC	LIBOR 1 M + 2.000%		2.083		10/04/23		378
	1,538,375	i	Radiate Holdco LLC	LIBOR 1 M + 3.500%		4.250		09/25/26		1,536

303

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE (000)
$	800,000	i	SkyMiles IP Ltd	LIBOR 3 M + 3.750%		4.750	%	10/20/27	$	850
	1,771,554	i	TK Elevator US Newco, Inc	LIBOR 6 M + 3.500%		4.000		07/29/27		1,774
	2,250,000	i	Virgin Media Bristol LLC	LIBOR 1 M + 2.500%		2.584		01/31/28		2,234
	145,000	i	WR Grace Holdings LLC	LIBOR 1 M + 3.750%		4.250		08/11/28		146
			TOTAL MEDIA & ENTERTAINMENT							14,963
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.1%
	945,250	i	Avantor, Inc	LIBOR 1 M + 2.250%		2.750		11/08/27		946
	1,485,867	i	Bausch Health Americas, Inc	LIBOR 1 M + 3.000%		3.085		06/02/25		1,484
	1,511,749	i	Bausch Health Americas, Inc	LIBOR 1 M + 2.750%		2.834		11/27/25		1,507
	2,474,858	i	Catalent Pharma Solutions, Inc	LIBOR 1 M + 2.000%		2.500		02/22/28		2,474
	2,465,601	i	Endo Luxembourg Finance Co I Sarl	LIBOR 3 M + 5.000%		5.750		03/27/28		2,407
	549,293	i	PPD, Inc	LIBOR 1 M + 2.000%		2.500		01/13/28		548
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES							9,366
REAL ESTATE - 0.0%
	1,361,763	i	Cushman & Wakefield plc	LIBOR 1 M + 2.750%		2.834		08/21/25		1,349
			TOTAL REAL ESTATE							1,349
RETAILING - 0.0%
	669,938	i	LS GROUP OPCO ACQUISITIO	LIBOR 3 M + 3.250%		4.000		11/02/27		669
			TOTAL RETAILING							669
SOFTWARE & SERVICES - 0.1%
	319,313	i	Camelot Finance S.A.	LIBOR 1 M + 3.000%		3.084		10/30/26		318
	992,500	i	Camelot US Acquisition	LIBOR 1 M + 3.000%		4.000		10/31/26		995
	668,112	i	Hyland Software, Inc	LIBOR 1 M + 3.500%		4.250		07/01/24		668
	1,959,391	i	Open Text Corp	LIBOR 1 M + 1.750%		1.837		05/30/25		1,962
	497,500	i	Rackspace Technology Global, Inc	LIBOR 3 M + 2.750%		3.500		02/03/28		494
	982,368	i	Rocket Software, Inc	LIBOR 1 M + 4.250%		4.334		11/28/25		973
	95,290	i	Sabre GLBL, Inc	LIBOR 1 M + 2.000%		2.084		02/22/24		94
	1,608,780	i	UKG, Inc	LIBOR 3 M + 3.250%		4.000		05/04/26		1,611
			TOTAL SOFTWARE & SERVICES							7,115
TECHNOLOGY HARDWARE & EQUIPMENT - 0.0%
	1,612,049	i	Dell International LLC	LIBOR 1 M + 1.750%		2.000		09/19/25		1,611
	1,146,492	i	Plantronics, Inc	LIBOR 1 M + 2.500%		2.585		07/02/25		1,118
	755,472	i	TTM Technologies, Inc	LIBOR 1 M + 2.500%		2.586		09/28/24		756
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT							3,485
TELECOMMUNICATION SERVICES - 0.0%
	623,553	i	Zayo Group Holdings, Inc	LIBOR 1 M + 3.000%		3.084		03/09/27		618
			TOTAL TELECOMMUNICATION SERVICES							618
TRANSPORTATION - 0.0%
	555,000	i	Air Canada	LIBOR 3 M + 3.500%		4.250		08/11/28		557
	636,244	i	American Airlines, Inc	LIBOR 1 M + 2.000%		2.084		12/14/23		622
			TOTAL TRANSPORTATION							1,179
UTILITIES - 0.0%
	981,826	i	Gopher Resource LLC	LIBOR 1 M + 3.250%		4.250		03/06/25		904
			TOTAL UTILITIES							904
			TOTAL BANK LOAN OBLIGATIONS							99,195
			(Cost $99,675)

304

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
BONDS - 96.5%
CORPORATE BONDS - 43.1%
AUTOMOBILES & COMPONENTS - 0.4%
EUR	950,000	g	Adient Global Holdings Ltd		3.500	%	08/15/24	$	1,109
$	350,000	g	Adient US LLC		9.000		04/15/25		378
EUR	500,000		Aptiv plc		1.500		03/10/25		605
EUR	500,000	g	Dana Financing Luxembourg Sarl		3.000		07/15/29		591
$	225,000		Dana, Inc		5.375		11/15/27		237
	350,000		Dana, Inc		5.625		06/15/28		377
	1,250,000		Ford Motor Co		8.500		04/21/23		1,375
	1,275,000		Ford Motor Co		9.000		04/22/25		1,533
	11,000,000		General Motors Co		6.125		10/01/25		12,889
	5,600,000		General Motors Co		5.000		10/01/28		6,482
	6,950,000		General Motors Co		6.600		04/01/36		9,329
	6,500,000		General Motors Co		5.200		04/01/45		7,915
	1,925,000		General Motors Co		6.750		04/01/46		2,745
EUR	400,000	g,o	IHO Verwaltungs GmbH		3.750		09/15/26		472
$	8,675,000		Magna International, Inc		3.625		06/15/24		9,308
EUR	300,000		Volkswagen Bank GmbH		2.500		07/31/26		384
			TOTAL AUTOMOBILES & COMPONENTS						55,729
BANKS - 8.7%
$	2,000,000	g	Akbank TAS		6.800		06/22/31		1,973
	8,250,000	g	Australia & New Zealand Banking Group Ltd		2.950		07/22/30		8,576
	1,975,000	g	Banco de Credito del Peru		3.250		09/30/31		1,934
	3,000,000	g	Banco del Estado de Chile		2.704		01/09/25		3,105
	300,000	g	Banco General S.A.		4.125		08/07/27		323
	3,800,000	g	Banco Internacional del Peru SAA Interbank		3.375		01/18/23		3,867
	3,225,000	g	Banco Santander Mexico S.A. Institucion de Banca Multiple Grupo Financiero Santand		5.375		04/17/25		3,605
	10,000,000		Banco Santander S.A.		1.722		09/14/27		9,954
	3,800,000		Banco Santander S.A.		3.800		02/23/28		4,165
	2,400,000		Banco Santander S.A.		2.958		03/25/31		2,469
	600,000		Banco Santander S.A.		7.500		N/A‡		654
	4,350,000		Bancolombia S.A.		3.000		01/29/25		4,388
	2,650,000		Bancolombia S.A.		4.625		12/18/29		2,683
	3,010,000	g	Bangkok Bank PCL		3.466		09/23/36		2,976
	2,750,000	g	Banistmo S.A.		4.250		07/31/27		2,817
	6,300,000	g	Bank Leumi Le-Israel BM		3.275		01/29/31		6,450
	5,700,000		Bank of America Corp		3.004		12/20/23		5,874
EUR	400,000		Bank of America Corp		1.375		03/26/25		486
$	10,200,000		Bank of America Corp		3.875		08/01/25		11,241
	7,100,000		Bank of America Corp		1.319		06/19/26		7,098
EUR	300,000		Bank of America Corp		1.776		05/04/27		372
$	19,575,000		Bank of America Corp		1.734		07/22/27		19,656

305

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	17,250,000		Bank of America Corp		3.824	%	01/20/28	$	19,036
	17,525,000		Bank of America Corp		2.496		02/13/31		17,735
	61,800,000		Bank of America Corp		2.592		04/29/31		63,075
	39,000,000		Bank of America Corp		1.922		10/24/31		37,517
	16,250,000		Bank of America Corp		2.299		07/21/32		16,018
	18,000,000		Bank of America Corp		4.083		03/20/51		21,300
	5,000,000		Bank of America Corp		6.250		N/A‡		5,500
	3,000,000		Bank of America Corp		6.100		N/A‡		3,346
	5,350,000		Bank of Montreal		3.803		12/15/32		5,862
EUR	400,000		Barclays plc		0.625		11/14/23		468
$	5,900,000		Barclays plc		4.338		05/16/24		6,245
	10,000,000		Barclays plc		3.932		05/07/25		10,732
	11,000,000	g	BNP Paribas S.A.		2.819		11/19/25		11,521
	1,850,000	g	BNP Paribas S.A.		2.219		06/09/26		1,899
	6,575,000	g	BNP Paribas S.A.		1.323		01/13/27		6,465
	7,000,000	g	BNP Paribas S.A.		1.904		09/30/28		6,967
	5,700,000	g	BNP Paribas S.A.		2.588		08/12/35		5,527
	2,950,000		Citigroup, Inc		2.700		10/27/22		3,020
	8,500,000		Citigroup, Inc		3.875		03/26/25		9,231
	36,375,000		Citigroup, Inc		3.200		10/21/26		39,219
	6,575,000		Citigroup, Inc		4.300		11/20/26		7,385
	13,835,000		Citigroup, Inc		4.450		09/29/27		15,733
	7,000,000		Citigroup, Inc		4.125		07/25/28		7,814
	49,250,000		Citigroup, Inc		2.666		01/29/31		50,439
	11,000,000		Citigroup, Inc		4.412		03/31/31		12,701
	7,125,000		Citigroup, Inc		2.572		06/03/31		7,262
	4,000,000		Citigroup, Inc		6.300		N/A‡		4,318
	5,000,000		Citigroup, Inc		5.000		N/A‡		5,222
	6,875,000		Cooperatieve Rabobank UA		3.950		11/09/22		7,136
	4,500,000	g	Cooperatieve Rabobank UA		2.625		07/22/24		4,723
	15,225,000		Cooperatieve Rabobank UA		3.750		07/21/26		16,780
EUR	200,000		Cooperatieve Rabobank UA		3.250		N/A‡		239
$	4,125,000	g	Credicorp Ltd		2.750		06/17/25		4,217
	11,050,000	g	Credit Agricole S.A.		3.250		10/04/24		11,785
	10,350,000	g	Credit Agricole S.A.		1.247		01/26/27		10,204
	2,450,000	g	DBS Group Holdings Ltd		4.520		12/11/28		2,624
	2,975,000	g	Development Bank of Kazakhstan JSC		2.950		05/06/31		2,994
	8,200,000		Discover Bank		2.450		09/12/24		8,551
	8,455,000		Discover Bank		3.450		07/27/26		9,166
	4,575,000		Discover Bank		2.700		02/06/30		4,745
	3,325,000	g	Grupo Aval Ltd		4.375		02/04/30		3,285
	6,075,000		HSBC Holdings plc		3.900		05/25/26		6,691
	20,075,000		HSBC Holdings plc		4.292		09/12/26		22,145
	1,250,000		HSBC Holdings plc		4.375		11/23/26		1,393
	6,200,000		HSBC Holdings plc		2.013		09/22/28		6,198
	20,675,000		HSBC Holdings plc		2.206		08/17/29		20,507
	8,950,000		HSBC Holdings plc		3.973		05/22/30		9,878
	7,000,000		Huntington Bancshares, Inc		5.625		N/A‡		8,207
	4,350,000	g	ING Groep NV		4.625		01/06/26		4,937
	15,200,000	g	ING Groep NV		1.400		07/01/26		15,239
	2,125,000	g	Intercorp Financial Services, Inc		4.125		10/19/27		2,146
	200,000	g	Intesa Sanpaolo S.p.A		4.198		06/01/32		205
	4,850,000		JPMorgan Chase & Co		2.700		05/18/23		5,017
	35,850,000		JPMorgan Chase & Co		2.301		10/15/25		37,184

306

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	20,000,000		JPMorgan Chase & Co		2.005	%	03/13/26	$	20,486
	14,900,000		JPMorgan Chase & Co		3.200		06/15/26		16,095
EUR	600,000		JPMorgan Chase & Co		1.638		05/18/28		745
$	12,000,000		JPMorgan Chase & Co		4.203		07/23/29		13,651
	23,700,000		JPMorgan Chase & Co		3.702		05/06/30		26,173
	44,675,000		JPMorgan Chase & Co		2.739		10/15/30		46,266
	23,000,000		JPMorgan Chase & Co		4.493		03/24/31		26,838
	12,600,000		JPMorgan Chase & Co		2.522		04/22/31		12,854
	4,575,000		JPMorgan Chase & Co		2.956		05/13/31		4,760
	25,075,000		JPMorgan Chase & Co		1.953		02/04/32		24,190
	5,725,000		JPMorgan Chase & Co		3.157		04/22/42		5,944
	5,700,000		JPMorgan Chase & Co		3.328		04/22/52		5,971
	5,500,000		JPMorgan Chase & Co		5.000		N/A‡		5,741
	11,100,000		JPMorgan Chase & Co		6.100		N/A‡		12,063
	6,250,000		JPMorgan Chase & Co		3.650		N/A‡		6,281
GBP	500,000		Lloyds Banking Group plc		1.985		12/15/31		673
$	5,950,000		M&T Bank Corp		3.500		N/A‡		5,905
	9,000,000		Mitsubishi UFJ Financial Group, Inc		2.193		02/25/25		9,309
	4,675,000	g	Mizrahi Tefahot Bank Ltd		3.077		04/07/31		4,728
	5,700,000		MUFG Americas Holdings Corp		3.500		06/18/22		5,828
	8,850,000		Natwest Group plc		3.032		11/28/35		8,862
	3,100,000	g	Oversea-Chinese Banking Corp Ltd		1.832		09/10/30		3,089
	4,000,000		PNC Bank NA		2.700		10/22/29		4,194
	6,000,000		PNC Financial Services Group, Inc		3.900		04/29/24		6,474
	7,465,000		PNC Financial Services Group, Inc		3.400		N/A‡		7,446
CNY	6,420,000		QNB Finance Ltd		3.150		02/04/26		972
$	11,800,000		Royal Bank of Canada		2.550		07/16/24		12,380
	6,325,000		Royal Bank of Scotland Group plc		3.073		05/22/28		6,716
	9,350,000		Santander Holdings USA, Inc		3.400		01/18/23		9,669
	3,675,000		Sumitomo Mitsui Financial Group, Inc		2.778		10/18/22		3,771
	11,050,000		Sumitomo Mitsui Financial Group, Inc		2.696		07/16/24		11,607
	5,385,000		SVB Financial Group		4.100		N/A‡		5,535
	11,000,000		Toronto-Dominion Bank		1.150		06/12/25		11,024
	2,350,000		Toronto-Dominion Bank		3.625		09/15/31		2,582
	4,575,000		Truist Bank		1.500		03/10/25		4,658
	5,000,000		Truist Financial Corp		4.000		05/01/25		5,500
	5,000,000		Truist Financial Corp		4.950		N/A‡		5,462
	9,000,000		Truist Financial Corp		4.800		N/A‡		9,482
	3,050,000	g	Turkiye Vakiflar Bankasi TAO		5.500		10/01/26		2,956
	7,025,000	g	UBS Group AG.		1.494		08/10/27		6,944
	450,000	g	UniCredit S.p.A		2.569		09/22/26		458
	3,000,000	e,g	United Overseas Bank Ltd		1.250		04/14/26		2,993
	2,350,000	g	United Overseas Bank Ltd		3.750		04/15/29		2,492
	3,500,000	g	United Overseas Bank Ltd		2.000		10/14/31		3,500
GBP	500,000		Virgin Money UK plc		3.375		04/24/26		713
$	8,400,000		Wells Fargo & Co		3.750		01/24/24		8,980
	5,300,000		Wells Fargo & Co		3.550		09/29/25		5,774
	5,600,000		Wells Fargo & Co		3.000		10/23/26		6,002
	21,575,000		Wells Fargo & Co		2.393		06/02/28		22,253
	11,950,000		Wells Fargo & Co		2.879		10/30/30		12,480
	6,000,000		Wells Fargo & Co		5.900		N/A‡		6,457
	10,000,000		Wells Fargo & Co		3.900		N/A‡		10,312
	8,500,000		Wells Fargo & Co		5.875		N/A‡		9,473

307

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	4,650,000		Westpac Banking Corp		2.850	%	05/13/26	$	5,003
	6,171,000		Westpac Banking Corp		2.668		11/15/35		6,042
			TOTAL BANKS						1,219,175
CAPITAL GOODS - 1.5%
	5,000,000	e	Air Lease Corp		3.125		12/01/30		5,122
EUR	400,000		Airbus SE		1.625		06/09/30		502
GBP	1,000,000		BAE Systems plc		4.125		06/08/22		1,381
$	6,600,000	g	BAE Systems plc		1.900		02/15/31		6,329
	31,650,000		Boeing Co		2.196		02/04/26		31,883
	13,350,000		Boeing Co		2.950		02/01/30		13,612
	3,352,000		Boeing Co		3.250		02/01/35		3,352
	15,000,000		Boeing Co		5.805		05/01/50		19,995
	875,000	g	DAE Funding LLC		1.550		08/01/24		867
	4,525,000	g	DAE Funding LLC		3.375		03/20/28		4,664
	3,000,000	g	Embraer Netherlands Finance BV		6.950		01/17/28		3,407
	15,000		General Electric Co		6.875		01/10/39		22
	3,075,000	g	H&E Equipment Services, Inc		3.875		12/15/28		3,063
EUR	500,000		Honeywell International, Inc		0.000		03/10/24		582
$	1,000,000	e	Ingersoll-Rand Global Holding Co Ltd		3.750		08/21/28		1,110
	7,500,000		Ingersoll-Rand Luxembourg Finance S.A.		3.800		03/21/29		8,387
	3,000,000	g	Korea East-West Power Co Ltd		1.750		05/06/25		3,049
	3,150,000		L3Harris Technologies, Inc		3.850		06/15/23		3,319
	1,700,000	e	Lockheed Martin Corp		1.850		06/15/30		1,692
	9,825,000	g	Molex Electronic Technologies LLC		3.900		04/15/25		10,321
	300,000		National Central Cooling Co PJSC		2.500		10/21/27		301
	8,925,000		Northrop Grumman Corp		3.250		01/15/28		9,656
	13,775,000		Parker-Hannifin Corp		3.250		06/14/29		14,816
	361,000		Raytheon Technologies Corp		3.650		08/16/23		381
	16,850,000		Raytheon Technologies Corp		4.125		11/16/28		19,179
	6,600,000		Raytheon Technologies Corp		2.250		07/01/30		6,665
	6,665,000		Raytheon Technologies Corp		4.500		06/01/42		8,169
	325,000	g	Rolls-Royce plc		5.750		10/15/27		359
	5,475,000		Roper Technologies, Inc		1.400		09/15/27		5,407
	2,650,000		Roper Technologies, Inc		2.950		09/15/29		2,811
	10,900,000		Roper Technologies, Inc		2.000		06/30/30		10,672
	4,000,000	g	TSMC Global Ltd		1.000		09/28/27		3,834
	400,000	g	WESCO Distribution, Inc		7.125		06/15/25		427
	300,000	g	WESCO Distribution, Inc		7.250		06/15/28		332
			TOTAL CAPITAL GOODS						205,668
COMMERCIAL & PROFESSIONAL SERVICES - 0.3%
EUR	250,000	g	Allied Universal Holdco LLC		3.625		06/01/28		284
$	325,000	g	ASGN, Inc		4.625		05/15/28		336
	925,000	g	Booz Allen Hamilton, Inc		3.875		09/01/28		948
	750,000	g	GFL Environmental, Inc		4.250		06/01/25		774
	1,000,000	g	GFL Environmental, Inc		3.750		08/01/25		1,029
	1,950,000		IHS Markit Ltd		4.125		08/01/23		2,067
	3,175,000		IHS Markit Ltd		4.250		05/01/29		3,618
	2,350,000	g	Prime Security Services Borrower LLC		5.250		04/15/24		2,506
	2,000,000	g	Prime Security Services Borrower LLC		5.750		04/15/26		2,164
	1,325,000	g	Prime Security Services Borrower LLC		3.375		08/31/27		1,271
	725,000	g	Prime Security Services Borrower LLC		6.250		01/15/28		750
EUR	500,000		RELX Capital, Inc		1.300		05/12/25		606

308

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	7,971,000		Republic Services, Inc		2.900	%	07/01/26	$	8,483
	1,250,000		Verisk Analytics, Inc		4.125		03/15/29		1,420
	1,050,000		Verisk Analytics, Inc		3.625		05/15/50		1,116
	9,650,000		Waste Management, Inc		2.900		09/15/22		9,828
	3,550,000		Waste Management, Inc		2.500		11/15/50		3,284
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES						40,484
CONSUMER DURABLES & APPAREL - 0.0%
	1,600,000		Leggett & Platt, Inc		4.400		03/15/29		1,819
	149,000		Newell Brands, Inc		4.875		06/01/25		165
			TOTAL CONSUMER DURABLES & APPAREL						1,984
CONSUMER SERVICES - 0.8%
	9,820,000		Amherst College		4.100		11/01/45		11,952
	29,085,000		Anheuser-Busch Cos LLC		3.650		02/01/26		31,901
	9,500,000		Anheuser-Busch Cos LLC		4.900		02/01/46		11,677
EUR	350,000	g	Carnival Corp		7.625		03/01/26		437
$	1,825,000	g	Cedar Fair LP		5.500		05/01/25		1,896
	3,800,000	g	ENA Master Trust		4.000		05/19/48		3,895
	125,000	g	Hilton Domestic Operating Co, Inc		5.375		05/01/25		131
	125,000	g	Hilton Domestic Operating Co, Inc		5.750		05/01/28		134
	2,975,000		Hyatt Hotels Corp		1.300		10/01/23		2,979
	1,610,000	g	International Game Technology plc		6.500		02/15/25		1,797
EUR	500,000	g	International Game Technology plc		3.500		06/15/26		594
$	8,000,000		President and Fellows of Harvard College		3.529		10/01/31		9,205
	14,250,000		President and Fellows of Harvard College		3.619		10/01/37		16,415
	1,000,000	g	Sands China Ltd		2.300		03/08/27		967
	2,100,000		Sands China Ltd		5.400		08/08/28		2,319
	1,000,000	g	Scientific Games International, Inc		5.000		10/15/25		1,029
EUR	500,000	g	Scientific Games International, Inc		3.375		02/15/26		584
$	15,000,000		Smith College		4.620		07/01/45		18,991
	1,125,000	g	Wynn Macau Ltd		5.500		01/15/26		1,091
			TOTAL CONSUMER SERVICES						117,994
DIVERSIFIED FINANCIALS - 3.8%
	8,975,000		AerCap Ireland Capital DAC		1.750		01/30/26		8,883
	3,500,000		AerCap Ireland Capital DAC		3.650		07/21/27		3,718
	7,000,000		AerCap Ireland Capital DAC		4.625		10/15/27		7,805
	5,525,000		American Express Co		2.500		08/01/22		5,621
	4,000,000		American Express Co		3.700		08/03/23		4,230
	7,500,000		American Express Co		3.550		N/A‡		7,641
	2,775,000		American Express Credit Corp		3.300		05/03/27		3,077
EUR	425,000		American Honda Finance Corp		1.950		10/18/24		523
$	3,975,000		Ameriprise Financial, Inc		3.000		03/22/22		4,025
	2,900,000	g	B3 S.A.-Brasil Bolsa Balcao		4.125		09/20/31		2,841
	6,000,000	g	Banco BTG Pactual S.A.		2.750		01/11/26		5,827
	10,000,000		Bank of New York Mellon Corp		4.700		N/A‡		10,975
	200,000	g	BBVA Bancomer S.A.		1.875		09/18/25		201
	300,000	g	BBVA Bancomer S.A.		5.350		11/12/29		317
	1,500,000	g	BBVA Bancomer S.A.		5.125		01/18/33		1,564
	4,525,000		Berkshire Hathaway, Inc		3.125		03/15/26		4,911
	5,000,000	g	BNP Paribas S.A.		2.159		09/15/29		4,953

309

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	7,674,000	g	BPCE S.A.		4.625	%	07/11/24	$	8,355
	20,775,000		Capital One Bank USA NA		3.375		02/15/23		21,608
EUR	150,000		Capital One Financial Corp		0.800		06/12/24		177
$	6,635,000		Capital One Financial Corp		3.950		N/A‡		6,834
EUR	100,000		Celanese US Holdings LLC		0.625		09/10/28		115
$	4,000,000		Charles Schwab Corp		4.000		N/A‡		4,170
	7,000,000		Charles Schwab Corp		5.375		N/A‡		7,779
	6,250,000		Community Preservation Corp		2.867		02/01/30		6,479
	9,800,000	g	Credit Suisse Group AG.		2.997		12/14/23		10,064
	8,475,000	g	Credit Suisse Group AG.		2.193		06/05/26		8,634
	10,275,000	g	Credit Suisse Group AG.		1.305		02/02/27		10,042
GBP	300,000		Credit Suisse Group AG.		2.250		06/09/28		411
$	1,850,000	g	Credit Suisse Group AG.		3.091		05/14/32		1,892
	7,700,000		Credit Suisse Group Funding Guernsey Ltd		3.800		06/09/23		8,113
	10,250,000		Credit Suisse Group Funding Guernsey Ltd		3.750		03/26/25		11,054
GBP	300,000		Danske Bank A.S.		2.250		01/14/28		411
$	5,700,000		Deutsche Bank AG.		3.035		05/28/32		5,783
	3,543,000		Equitable Holdings, Inc		4.950		N/A‡		3,844
	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		5,230
	35,700,000		GE Capital International Funding Co		4.418		11/15/35		42,842
	20,000,000		General Motors Financial Co, Inc		2.750		06/20/25		20,910
EUR	500,000		General Motors Financial Co, Inc		0.600		05/20/27		577
$	5,475,000		General Motors Financial Co, Inc		5.650		01/17/29		6,589
	11,000,000		General Motors Financial Co, Inc		2.700		06/10/31		10,966
	5,450,000		General Motors Financial Co, Inc		5.700		N/A‡		6,274
	6,650,000		Goldman Sachs Group, Inc		3.500		01/23/25		7,123
	6,925,000		Goldman Sachs Group, Inc		3.500		04/01/25		7,445
EUR	825,000		Goldman Sachs Group, Inc		1.625		07/27/26		1,020
$	14,300,000		Goldman Sachs Group, Inc		1.431		03/09/27		14,261
	26,625,000		Goldman Sachs Group, Inc		3.691		06/05/28		29,307
	6,875,000		Goldman Sachs Group, Inc		1.992		01/27/32		6,630
	13,425,000		Goldman Sachs Group, Inc		2.615		04/22/32		13,587
	6,075,000		Goldman Sachs Group, Inc		4.017		10/31/38		6,982
	7,675,000		Goldman Sachs Group, Inc		4.800		07/08/44		9,817
	1,500,000		Goldman Sachs Group, Inc		3.800		N/A‡		1,536
	1,500,000		Goldman Sachs Group, Inc		4.950		N/A‡		1,590
	200,000	g	Indian Railway Finance Corp Ltd		3.249		02/13/30		201
	3,600,000	g	Indian Railway Finance Corp Ltd		2.800		02/10/31		3,472
	5,000,000		International Lease Finance Corp		5.875		08/15/22		5,229
	1,305,000		Legg Mason, Inc		3.950		07/15/24		1,417
	3,000,000	g	Minejesa Capital BV		4.625		08/10/30		3,085
	19,000,000		Morgan Stanley		2.188		04/28/26		19,618
	37,625,000		Morgan Stanley		3.125		07/27/26		40,495
EUR	700,000		Morgan Stanley		1.342		10/23/26		850
	21,500,000		Morgan Stanley		2.699		01/22/31		22,168
	4,600,000		Morgan Stanley		1.928		04/28/32		4,412
	5,450,000		Morgan Stanley		2.239		07/21/32		5,356
	4,440,000		Northern Trust Corp		4.600		N/A‡		4,867
	3,350,000	g	Power Finance Corp Ltd		3.950		04/23/30		3,421
	3,800,000	g	Societe Generale S.A.		2.889		06/09/32		3,822
	550,000		Springleaf Finance Corp		5.375		11/15/29		596
	5,600,000	g	Swiss Re Finance Luxembourg SA		5.000		04/02/49		6,426
	3,750,000		Synchrony Financial		4.375		03/19/24		4,047

310

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	5,519,000		Synchrony Financial		4.250	%	08/15/24	$	5,964
	10,157,000	g	UBS Group AG		2.859		08/15/23		10,371
	1,000,000		Voya Financial, Inc		5.700		07/15/43		1,376
			TOTAL DIVERSIFIED FINANCIALS						536,821
ENERGY - 3.9%
	1,050,000		AmeriGas Partners LP		5.875		08/20/26		1,186
	6,750,000		Cenovus Energy, Inc		4.250		04/15/27		7,503
	1,625,000		Cenovus Energy, Inc		2.650		01/15/32		1,594
	11,000,000		Chevron Corp		1.554		05/11/25		11,247
	11,200,000	g	ConocoPhillips		2.400		02/15/31		11,389
	2,375,000		Crestwood Midstream Partners LP		5.750		04/01/25		2,425
	10,000,000		Diamondback Energy, Inc		2.875		12/01/24		10,500
	6,700,000		Diamondback Energy, Inc		3.125		03/24/31		6,957
	5,250,000		Ecopetrol S.A.		5.375		06/26/26		5,706
	2,075,000		Ecopetrol S.A.		6.875		04/29/30		2,429
	3,000,000	g	Empresa Nacional del Petroleo		5.250		11/06/29		3,353
	2,975,000	g	Empresa Nacional del Petroleo		3.450		09/16/31		2,921
	21,068,000		Enbridge, Inc		3.125		11/15/29		22,471
	3,650,000		Enbridge, Inc		3.400		08/01/51		3,677
	2,624,000	g	Energean Israel Finance Ltd		4.500		03/30/24		2,677
	6,421,000		Energy Transfer Operating LP		3.600		02/01/23		6,620
	5,930,000		Energy Transfer Operating LP		4.200		09/15/23		6,298
	4,575,000		Energy Transfer Operating LP		2.900		05/15/25		4,795
	4,725,000		Energy Transfer Operating LP		4.750		01/15/26		5,281
	2,950,000		Energy Transfer Operating LP		5.500		06/01/27		3,461
	7,850,000		Energy Transfer Operating LP		4.950		06/15/28		9,007
	4,225,000		Energy Transfer Operating LP		5.250		04/15/29		4,952
	8,700,000		Energy Transfer Operating LP		6.250		04/15/49		11,432
	9,125,000		Energy Transfer Operating LP		5.000		05/15/50		10,528
	5,125,000		Enterprise Products Operating LLC		3.700		02/15/26		5,625
	6,275,000		Enterprise Products Operating LLC		3.125		07/31/29		6,739
	700,000		Enterprise Products Operating LLC		2.800		01/31/30		731
	4,025,000		Enterprise Products Operating LLC		4.250		02/15/48		4,559
	6,200,000		Enterprise Products Operating LLC		4.200		01/31/50		6,985
	10,600,000		Enterprise Products Operating LLC		3.700		01/31/51		11,213
	11,000,000		Enterprise Products Operating LLC		3.300		02/15/53		10,728
	1,225,000	g	EQM Midstream Partners LP		6.000		07/01/25		1,343
	3,334,000	g	Galaxy Pipeline Assets Bidco Ltd		2.160		03/31/34		3,273
	3,300,000	g	Galaxy Pipeline Assets Bidco Ltd		2.625		03/31/36		3,244
	300,000	g	Gazprom OAO Via Gaz Capital S.A.		4.950		03/23/27		332
	3,475,000	g	KazTransGas JSC		4.375		09/26/27		3,828
	4,850,000		Kinder Morgan Energy Partners LP		5.400		09/01/44		6,017
	2,065,000		Kinder Morgan, Inc		5.300		12/01/34		2,549
	800,000	g	Leviathan Bond Ltd		6.125		06/30/25		868
	10,675,000		Magellan Midstream Partners LP		3.250		06/01/30		11,411
	9,075,000		Marathon Petroleum Corp		3.800		04/01/28		9,945
	6,235,000		Marathon Petroleum Corp		4.750		09/15/44		7,292
	5,500,000		Marathon Petroleum Corp		5.000		09/15/54		6,555
	725,000	g	MEG Energy Corp		5.875		02/01/29		741
	8,950,000		MPLX LP		1.750		03/01/26		9,005
	25,450,000		MPLX LP		2.650		08/15/30		25,537
	6,150,000		MPLX LP		4.700		04/15/48		7,101

311

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	275,000		Murphy Oil Corp		5.875	%	12/01/27	$	286
	1,000,000		NAK Naftogaz Ukraine via Kondor Finance plc		7.375		07/19/22		1,017
	1,400,000		NuStar Logistics LP		5.750		10/01/25		1,509
	2,200,000		Occidental Petroleum Corp		5.550		03/15/26		2,442
	3,900,000		Occidental Petroleum Corp		4.300		08/15/39		3,846
	1,350,000	g	Oleoducto Central S.A.		4.000		07/14/27		1,391
	1,775,000		ONEOK, Inc		4.000		07/13/27		1,967
	11,642,000		ONEOK, Inc		4.550		07/15/28		13,211
	12,150,000		ONEOK, Inc		4.350		03/15/29		13,710
	5,500,000		ONEOK, Inc		4.500		03/15/50		6,098
	500,000	g	Parkland Fuel Corp		5.875		07/15/27		530
	3,000,000	g	Pertamina Persero PT		4.300		05/20/23		3,153
	2,800,000	g	Pertamina Persero PT		1.400		02/09/26		2,740
	1,425,000	g	Pertamina Persero PT		3.650		07/30/29		1,525
	2,100,000	g	Peru LNG Srl		5.375		03/22/30		1,701
	1,200,000		Petrobras Global Finance BV		5.999		01/27/28		1,354
	1,100,000		Petrobras Global Finance BV		5.093		01/15/30		1,163
	4,000,000		Petrobras Global Finance BV		5.600		01/03/31		4,342
	560,000		Petrobras Global Finance BV		7.250		03/17/44		647
	350,000		Petrobras Global Finance BV		5.500		06/10/51		326
EUR	375,000		Petroleos Mexicanos		1.875		04/21/22		437
$	3,000,000		Petroleos Mexicanos		1.950		12/20/22		3,030
	1,605,000		Petroleos Mexicanos		2.000		12/20/22		1,622
	2,000,000		Petroleos Mexicanos		4.500		01/23/26		2,011
	3,775,000		Petroleos Mexicanos		6.500		03/13/27		3,987
	2,650,000		Petroleos Mexicanos		5.350		02/12/28		2,612
	1,600,000		Petroleos Mexicanos		7.000		01/23/30		1,653
	5,300,000		Petroleos Mexicanos		5.950		01/28/31		5,138
	1,950,000	g	Petronas Capital Ltd		3.500		04/21/30		2,112
	4,375,000	g	Petronas Energy Canada Ltd		2.112		03/23/28		4,391
	9,400,000		Phillips 66		2.150		12/15/30		9,171
	3,250,000		Phillips 66 Partners LP		3.150		12/15/29		3,397
	3,275,000		Phillips 66 Partners LP		4.680		02/15/45		3,766
	475,000		Plains All American Pipeline LP		3.800		09/15/30		507
	1,900,000	g	PTTEP Treasury Center Co Ltd		2.587		06/10/27		1,966
	1,200,000		Regency Energy Partners LP		4.500		11/01/23		1,277
	2,501,335	g	Rio Oil Finance Trust		8.200		04/06/28		2,883
	1,700,000	g	S.A. Global Sukuk Ltd		0.946		06/17/24		1,683
	9,875,000		Sabine Pass Liquefaction LLC		4.200		03/15/28		11,025
	10,200,000		Sabine Pass Liquefaction LLC		4.500		05/15/30		11,757
	4,075,000	g	Santos Finance Ltd		3.649		04/29/31		4,150
	6,975,000	g	Saudi Arabian Oil Co		2.250		11/24/30		6,831
	5,000,000	g	Saudi Arabian Oil Co		3.250		11/24/50		4,761
	4,875,000		Shell International Finance BV		2.875		05/10/26		5,253
	6,900,000		Shell International Finance BV		3.125		11/07/49		7,140
	6,500,000		Sunoco Logistics Partners Operations LP		4.000		10/01/27		7,171
	1,925,000		Sunoco Logistics Partners Operations LP		5.400		10/01/47		2,294
	425,000		Targa Resources Partners LP		6.500		07/15/27		458
	4,300,000	g	Thaioil Treasury Center Co Ltd		2.500		06/18/30		4,063
	11,000,000		Total Capital International S.A.		3.127		05/29/50		11,060
	19,150,000		TransCanada PipeLines Ltd		4.250		05/15/28		21,802
	1,400,000		Vale Overseas Ltd		6.250		08/10/26		1,654
	14,750,000		Williams Cos, Inc		2.600		03/15/31		14,949
	5,075,000		Williams Partners LP		3.750		06/15/27		5,588
			TOTAL ENERGY						538,587

312

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
FOOD & STAPLES RETAILING - 0.2%
$	5,225,000		Costco Wholesale Corp		1.375	%	06/20/27	$	5,261
	7,850,000		Costco Wholesale Corp		1.600		04/20/30		7,671
	2,450,000		Costco Wholesale Corp		1.750		04/20/32		2,402
	5,575,000		Kroger Co		3.700		08/01/27		6,172
	3,140,000		Kroger Co		3.875		10/15/46		3,472
	1,325,000		Kroger Co		4.450		02/01/47		1,584
EUR	1,000,000		SYSCO Corp		1.250		06/23/23		1,183
$	770,000		Walmart, Inc		2.375		09/24/29		815
			TOTAL FOOD & STAPLES RETAILING						28,560
FOOD, BEVERAGE & TOBACCO - 1.1%
	2,050,000		Altria Group, Inc		3.400		05/06/30		2,169
	2,225,000		Altria Group, Inc		2.450		02/04/32		2,132
	5,800,000		Altria Group, Inc		5.950		02/14/49		7,346
	2,600,000	g	Anadolu Efes Biracilik Ve Malt Sanayii AS.		3.375		06/29/28		2,639
	18,600,000		Anheuser-Busch InBev Worldwide, Inc		4.750		01/23/29		21,897
	5,045,000		Anheuser-Busch InBev Worldwide, Inc		4.439		10/06/48		5,902
	6,275,000		BAT Capital Corp		2.259		03/25/28		6,228
	16,425,000		BAT Capital Corp		4.906		04/02/30		18,807
	12,850,000		BAT Capital Corp		2.726		03/25/31		12,654
	6,900,000		BAT Capital Corp		3.984		09/25/50		6,637
GBP	200,000		BAT International Finance plc		4.000		09/04/26		295
$	1,000,000	g	BRF S.A.		5.750		09/21/50		959
	1,700,000		Constellation Brands, Inc		4.400		11/15/25		1,904
	2,675,000		Constellation Brands, Inc		3.700		12/06/26		2,946
	3,225,000		Constellation Brands, Inc		3.150		08/01/29		3,449
	6,900,000		Constellation Brands, Inc		2.875		05/01/30		7,178
	5,675,000		Constellation Brands, Inc		2.250		08/01/31		5,584
	3,000,000	g	Corp Lindley S.A.		4.625		04/12/23		3,056
	5,500,000		Diageo Capital plc		2.125		10/24/24		5,732
	4,500,000		Diageo Capital plc		1.375		09/29/25		4,551
	8,050,000		Diageo Capital plc		2.375		10/24/29		8,288
	3,900,000		Diageo Capital plc		2.000		04/29/30		3,885
	425,000	g	Embotelladora Andina S.A.		3.950		01/21/50		449
	1,550,000		General Mills, Inc		2.875		04/15/30		1,629
	3,700,000	g	Grupo Bimbo SAB de C.V.		4.700		11/10/47		4,378
	2,400,000	g	Grupo Bimbo SAB de C.V.		5.950		N/A‡		2,511
	4,575,000		J M Smucker Co		2.125		03/15/32		4,466
EUR	450,000		Mondelez International, Inc		1.375		03/17/41		504
$	1,600,000		Philip Morris International, Inc		6.375		05/16/38		2,244
	2,050,000	g	Post Holdings, Inc		4.625		04/15/30		2,066
	3,500,000	g	Sigma Alimentos S.A. de C.V.		4.125		05/02/26		3,822
			TOTAL FOOD, BEVERAGE & TOBACCO						156,307
HEALTH CARE EQUIPMENT & SERVICES - 2.1%
	9,700,000		Abbott Laboratories		1.150		01/30/28		9,441
	2,250,000		Abbott Laboratories		5.300		05/27/40		3,076
	9,000,000		Anthem, Inc		2.250		05/15/30		9,031
	4,500,000		Anthem, Inc		2.550		03/15/31		4,625
EUR	670,000		Becton Dickinson & Co		1.900		12/15/26		839

313

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	$	8,854
EUR	430,000		Becton Dickinson and Co		1.401		05/24/23		510
	4,850,000		Boston Scientific Corp		2.650		06/01/30		5,005
	3,650,000		Centene Corp		4.250		12/15/27		3,820
	3,285,000		Centene Corp		2.450		07/15/28		3,301
	2,910,000		Centene Corp		3.000		10/15/30		2,983
	19,230,000		Children’s Hospital Medic		4.268		05/15/44		23,696
	5,350,000		Cigna Corp		2.400		03/15/30		5,439
	5,075,000		Cigna Corp		3.200		03/15/40		5,226
	13,400,000		CVS Health Corp		3.625		04/01/27		14,757
	26,450,000		CVS Health Corp		3.750		04/01/30		29,385
	33,500,000		CVS Health Corp		1.750		08/21/30		32,110
	10,300,000		CVS Health Corp		4.780		03/25/38		12,629
	4,675,000		CVS Health Corp		2.700		08/21/40		4,461
	8,350,000		CVS Health Corp		5.050		03/25/48		10,748
	3,750,000		CVS Health Corp		4.250		04/01/50		4,416
	4,105,000		Dartmouth-Hitchcock Health		4.178		08/01/48		4,805
	1,250,000	g	DaVita, Inc		4.625		06/01/30		1,286
	4,325,000	g	DaVita, Inc		3.750		02/15/31		4,211
EUR	500,000		DH Europe Finance Sarl		1.200		06/30/27		610
$	4,225,000		HCA, Inc		5.625		09/01/28		5,026
	5,000,000		HCA, Inc		5.500		06/15/47		6,484
	3,500,000	g	Hologic, Inc		3.250		02/15/29		3,502
	6,250,000		Humana, Inc		3.950		03/15/27		6,973
	8,975,000		Humana, Inc		2.150		02/03/32		8,767
GBP	500,000		McKesson Corp		3.125		02/17/29		728
$	12,500,000		Mercy Health		3.382		11/01/25		13,565
	5,000,000		New York and Presbyterian Hospital		3.563		08/01/36		5,499
EUR	450,000		Stryker Corp		2.625		11/30/30		612
$	375,000	g	Tenet Healthcare Corp		4.625		06/15/28		389
	5,775,000		UnitedHealth Group, Inc		2.950		10/15/27		6,272
	14,425,000		UnitedHealth Group, Inc		2.300		05/15/31		14,718
	4,625,000		UnitedHealth Group, Inc		3.750		10/15/47		5,281
	2,150,000		Zimmer Biomet Holdings, Inc		3.700		03/19/23		2,243
	3,745,000		Zimmer Biomet Holdings, Inc		3.550		04/01/25		4,026
			TOTAL HEALTH CARE EQUIPMENT & SERVICES						289,349
HOUSEHOLD & PERSONAL PRODUCTS - 0.0%
EUR	750,000	g	Coty, Inc		3.875		04/15/26		888
$	2,525,000	g	Natura Cosmeticos S.A.		4.125		05/03/28		2,556
EUR	600,000		The Procter & Gamble Company		0.625		10/30/24		714
	400,000		The Procter & Gamble Company		1.875		10/30/38		545
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS						4,703
INSURANCE - 1.4%
	1,925,000		Aetna, Inc		6.625		06/15/36		2,781
	825,000	g	Alliant Holdings Intermediate LLC		4.250		10/15/27		833
	2,700,000		American Financial Group, Inc		3.500		08/15/26		2,947
	6,350,000		Aon Corp		2.800		05/15/30		6,634
	9,631,000		Aon plc		3.500		06/14/24		10,281
	5,250,000		AXIS Specialty Finance LLC		4.900		01/15/40		5,596
	2,275,000		Berkshire Hathaway Finance Corp		1.850		03/12/30		2,265
	2,400,000		Berkshire Hathaway Finance Corp		4.250		01/15/49		2,926
	16,000,000		Berkshire Hathaway Finance Corp		2.850		10/15/50		15,767

314

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	$	540
	500,000		Chubb INA Holdings, Inc			1.550		03/15/28		622
	450,000		Chubb INA Holdings, Inc			1.400		06/15/31		555
	3,525,000		CNA Financial Corp			3.950		05/15/24		3,788
	3,775,000		CNA Financial Corp			2.050		08/15/30		3,700
	1,825,000	g	Equitable Financial Life Global Funding			1.400		07/07/25		1,836
EUR	250,000	g	Fairfax Financial Holdings Ltd			2.750		03/29/28		320
$	5,575,000	g	Five Corners Funding Trust			4.419		11/15/23		6,020
	7,325,000	g	Five Corners Funding Trust II			2.850		05/15/30		7,657
	26,158,000		Hartford Financial Services Group, Inc			2.800		08/19/29		27,335
	1,350,000		Hartford Financial Services Group, Inc			4.300		04/15/43		1,597
	2,500,000		Hartford Financial Services Group, Inc			2.900		09/15/51		2,411
EUR	750,000		Liberty Mutual Group, Inc			2.750		05/04/26		963
$	4,100,000	g	Liberty Mutual Group, Inc			3.951		10/15/50		4,550
	1,600,000		Marsh & McLennan Cos, Inc			3.500		06/03/24		1,707
	1,365,000		Marsh & McLennan Cos, Inc			3.500		03/10/25		1,468
	4,325,000		MetLife, Inc			3.600		11/13/25		4,732
	11,820,000		MetLife, Inc			3.850		N/A‡		12,352
	3,025,000	g	Metropolitan Life Global Funding I			2.950		04/09/30		3,235
	11,875,000		PartnerRe Finance B LLC			4.500		10/01/50		12,521
	6,000,000		Principal Financial Group, Inc			2.125		06/15/30		5,943
	2,500,000		Prudential Financial, Inc			3.905		12/07/47		2,898
	6,960,000		Prudential Financial, Inc			3.700		10/01/50		7,254
	3,000,000	g	Prudential Funding LLC			6.750		09/15/23		3,329
	4,150,000		Reinsurance Group of America, Inc			3.900		05/15/29		4,636
	7,750,000	g,i	Vitality Re IX Ltd	U.S. Treasury Bill 3 M + 1.600%		1.633		01/10/22		7,692
	3,500,000	g,i	Vitality Re X Ltd	U.S. Treasury Bill 3 M + 1.750%		1.778		01/10/23		3,439
	8,295,000		Voya Financial, Inc			5.650		05/15/53		8,751
			TOTAL INSURANCE							191,881
MATERIALS - 1.3%
	1,925,000	g	Alpek SAB de C.V.			4.250		09/18/29		2,063
	2,600,000	g	Alpek SAB de C.V.			3.250		02/25/31		2,626
	7,550,000		Amcor Flexibles North America, Inc			2.690		05/25/31		7,746
	4,550,000	g	Anglo American Capital plc			2.625		09/10/30		4,520
	11,325,000		AngloGold Ashanti Holdings plc			3.750		10/01/30		11,619
EUR	250,000	g	Ardagh Metal Packaging Finance USA LLC			2.000		09/01/28		291
	250,000	g	Ardagh Metal Packaging Finance USA LLC			3.000		09/01/29		290
	200,000	g	Ashland Services BV			2.000		01/30/28		239
	250,000		Ball Corp			4.375		12/15/23		316
	425,000		Ball Corp			0.875		03/15/24		496
$	1,875,000		Ball Corp			2.875		08/15/30		1,820
	852,000		Bemis Co, Inc			3.100		09/15/26		906
	2,600,000		Bemis Co, Inc			2.630		06/19/30		2,655
	14,250,000	g	Berry Global, Inc			1.570		01/15/26		14,246
	200,000		Celulosa Arauco y Constitucion S.A.			3.875		11/02/27		215
	3,000,000	g	Celulosa Arauco y Constitucion S.A.			4.250		04/30/29		3,228
	1,650,000	g	Celulosa Arauco y Constitucion S.A.			4.200		01/29/30		1,778
	2,000,000	g	Cemex SAB de C.V.			7.375		06/05/27		2,215
	2,500,000	g	Cemex SAB de C.V.			5.450		11/19/29		2,709
	2,925,000	g	Cemex SAB de C.V.			3.875		07/11/31		2,927

315

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	1,600,000	g	Cemex SAB de C.V.		5.125	%	N/A‡	$	1,630
	9,900,000	g	Corp Nacional del Cobre de Chile		3.625		08/01/27		10,613
EUR	500,000		Dow Chemical Co		0.500		03/15/27		583
$	4,000,000		DowDuPont, Inc		4.725		11/15/28		4,704
	3,000,000		Freeport-McMoRan, Inc		5.450		03/15/43		3,694
	2,400,000	g	Fresnillo plc		4.250		10/02/50		2,487
	1,850,000	g	Gold Fields Orogen Holdings BVI Ltd		6.125		05/15/29		2,169
	2,561,000		International Paper Co		5.000		09/15/35		3,169
	1,994,000		International Paper Co		4.350		08/15/48		2,441
	3,000,000	g	Inversiones CMPC S.A.		4.375		04/04/27		3,311
	3,600,000	g	Inversiones CMPC S.A.		3.000		04/06/31		3,574
	1,300,000	g	Klabin Finance S.A.		4.875		09/19/27		1,428
	3,500,000	g	MEGlobal Canada ULC		5.000		05/18/25		3,864
	5,800,000	g	Midwest Connector Capital Co LLC		3.900		04/01/24		6,066
	5,800,000	g	Midwest Connector Capital Co LLC		4.625		04/01/29		6,235
	1,725,000		Mosaic Co		4.875		11/15/41		2,046
	4,000,000		Newmont Corp		2.250		10/01/30		3,979
	4,767,000		Nutrien Ltd		3.375		03/15/25		5,106
	7,500,000		Nutrien Ltd		2.950		05/13/30		7,917
EUR	375,000	g	OCI NV		3.125		11/01/24		441
$	472,000	g	OCI NV		5.250		11/01/24		485
	2,137,000	g	OCI NV		4.625		10/15/25		2,244
	875,000	g	OCP S.A.		3.750		06/23/31		873
EUR	250,000	g	OI European Group BV		3.125		11/15/24		299
$	3,800,000	g	Orbia Advance Corp SAB de C.V.		1.875		05/11/26		3,806
	375,000	g	PolyOne Corp		5.750		05/15/25		395
	250,000	g	SABIC Capital II BV		4.000		10/10/23		266
	1,850,000		Sasol Financing USA LLC		5.875		03/27/24		1,950
	2,575,000		Sasol Financing USA LLC		4.375		09/18/26		2,612
EUR	400,000		Silgan Holdings, Inc		3.250		03/15/25		467
$	4,525,000	g	Sociedad Quimica y Minera de Chile S.A.		3.500		09/10/51		4,362
	1,925,000		Suzano Austria GmbH		6.000		01/15/29		2,259
	4,300,000		Suzano Austria GmbH		3.125		01/15/32		4,153
	200,000	g	UltraTech Cement Ltd		2.800		02/16/31		192
	11,300,000		WRKCo, Inc		4.900		03/15/29		13,362
			TOTAL MATERIALS						176,087
MEDIA & ENTERTAINMENT - 2.8%
	4,350,000		Activision Blizzard, Inc		3.400		09/15/26		4,738
	3,700,000		Activision Blizzard, Inc		1.350		09/15/30		3,429
	1,950,000	g	Adani Electricity Mumbai Ltd		3.867		07/22/31		1,919
	6,200,000		Agree LP		2.000		06/15/28		6,147
	4,000,000	g	Alfa Desarrollo S.p.A		4.550		09/27/51		3,902
	300,000	g	Arabian Centres Sukuk II Ltd		5.625		10/07/26		312
	11,900,000		AstraZeneca Finance LLC		2.250		05/28/31		12,087
	2,800,000		Baidu, Inc		2.875		07/06/22		2,843
	1,725,000		Baidu, Inc		4.375		05/14/24		1,866
	1,550,000		Baidu, Inc		1.625		02/23/27		1,530
	3,000,000	g	Banco Nacional de Panama		2.500		08/11/30		2,877
	4,000,000	g	BOC Aviation USA Corp		1.625		04/29/24		4,031
	1,775,000	g	Cable Onda S.A.		4.500		01/30/30		1,862
	5,000,000	g	CCO Holdings LLC		4.250		02/01/31		5,087
	8,625,000	h	Charter Communications Operating LLC		2.250		01/15/29		8,618
	7,200,000		Charter Communications Operating LLC		2.800		04/01/31		7,216

316

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	10,000,000	h	Charter Communications Operating LLC		3.500	%	03/01/42	$	9,784
	6,150,000		Charter Communications Operating LLC		5.125		07/01/49		7,234
	21,620,000		Charter Communications Operating LLC		4.800		03/01/50		24,262
	11,800,000		Comcast Corp		3.950		10/15/25		13,090
	17,300,000		Comcast Corp		2.350		01/15/27		18,145
EUR	450,000		Comcast Corp		0.250		05/20/27		523
$	28,750,000		Comcast Corp		4.150		10/15/28		33,064
	11,875,000		Comcast Corp		2.650		02/01/30		12,389
	12,175,000		Comcast Corp		1.950		01/15/31		11,948
	25,675,000		Comcast Corp		1.500		02/15/31		24,372
	5,000,000		Comcast Corp		4.400		08/15/35		5,925
	18,200,000		Comcast Corp		3.200		07/15/36		19,384
	3,000,000		Comcast Corp		3.900		03/01/38		3,407
	20,850,000		Comcast Corp		2.800		01/15/51		19,735
	3,395,000	g	Comcast Corp		2.937		11/01/56		3,207
	1,500,000	g	CSC Holdings LLC		7.500		04/01/28		1,621
	5,000,000	g	CSC Holdings LLC		3.375		02/15/31		4,650
EUR	500,000	g	Diebold Nixdorf Dutch Holding BV		9.000		07/15/25		627
$	2,099,000		Discovery Communications LLC		2.950		03/20/23		2,171
GBP	300,000		Discovery Communications LLC		2.500		09/20/24		419
$	6,375,000		Discovery Communications LLC		3.625		05/15/30		6,914
	6,400,000		Discovery Communications LLC		5.200		09/20/47		7,974
	2,000,000	e,g	Empresa de los Ferrocarriles del Estado		3.068		08/18/50		1,760
	200,000	g	ENN Clean Energy International Investment Ltd		3.375		05/12/26		202
	4,300,000	g	Genm Capital Labuan Ltd		3.882		04/19/31		4,255
EUR	205,000	g	Goodyear Europe BV		2.750		08/15/28		239
$	1,895,000		Grupo Televisa SAB		6.625		01/15/40		2,629
	2,000,000	g	Interchile S.A.		4.500		06/30/56		2,088
	650,000		Lamar Media Corp		3.750		02/15/28		669
	1,000,000		Lamar Media Corp		4.000		02/15/30		1,029
	5,100,000	g	LUKOIL Securities BV		3.875		05/06/30		5,362
	3,260,000	g	Mexico Remittances Funding Fiduciary Estate Management Sarl		4.875		01/15/28		3,219
EUR	250,000	g	Olympus Water US Holding Corp		3.875		10/01/28		290
$	5,400,000		Omnicom Group, Inc		2.600		08/01/31		5,490
	2,675,000	g	Sirius XM Radio, Inc		4.125		07/01/30		2,687
	975,000	g	TEGNA, Inc		4.750		03/15/26		1,017
	675,000		TEGNA, Inc		4.625		03/15/28		690
	5,675,000		Time Warner Cable LLC		5.875		11/15/40		7,158
	4,075,000		Time Warner Cable LLC		4.500		09/15/42		4,459
	125,000	g	Univision Communications, Inc		4.500		05/01/29		127
	4,200,000		ViacomCBS, Inc		2.900		01/15/27		4,462
	2,500,000		ViacomCBS, Inc		3.375		02/15/28		2,730
	2,250,000		ViacomCBS, Inc		4.375		03/15/43		2,574
	1,150,000		ViacomCBS, Inc		5.850		09/01/43		1,567
	2,105,000		Walt Disney Co		7.625		11/30/28		2,881
	12,750,000		Walt Disney Co		2.000		09/01/29		12,865
	1,578,000		Walt Disney Co		6.550		03/15/33		2,214
	10,900,000		Walt Disney Co		3.600		01/13/51		12,142
	2,700,000		Weibo Corp		3.375		07/08/30		2,696
EUR	500,000		Whirlpool EMEA Finance Sarl		0.500		02/20/28		581
			TOTAL MEDIA & ENTERTAINMENT						387,391

317

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 1.7%
EUR $	400,000		Abbott Ireland Financing DAC		1.500	%	09/27/26	$	495
$	3,500,000		AbbVie, Inc		2.850		05/14/23		3,621
EUR	550,000		AbbVie, Inc		1.250		06/01/24		658
	8,700,000		AbbVie, Inc		3.800		03/15/25		9,447
	26,000,000		AbbVie, Inc		2.950		11/21/26		27,850
	22,275,000		AbbVie, Inc		3.200		11/21/29		24,002
	12,850,000		AbbVie, Inc		4.050		11/21/39		14,767
	6,700,000		AbbVie, Inc		4.400		11/06/42		8,004
	2,680,000		AbbVie, Inc		4.450		05/14/46		3,230
	9,525,000		AbbVie, Inc		4.250		11/21/49		11,282
	4,200,000		Amgen, Inc		2.000		01/15/32		4,039
	5,650,000		AstraZeneca plc		3.125		06/12/27		6,153
EUR	750,000	g	Avantor Funding, Inc		3.875		07/15/28		907
$	1,500,000	g	Avantor Funding, Inc		4.625		07/15/28		1,579
	1,850,000		Bristol-Myers Squibb Co		2.900		07/26/24		1,964
	1,366,000		Bristol-Myers Squibb Co		3.875		08/15/25		1,506
	13,600,000		Bristol-Myers Squibb Co		3.450		11/15/27		15,119
	6,575,000		Bristol-Myers Squibb Co		3.400		07/26/29		7,287
	21,200,000		Bristol-Myers Squibb Co		1.450		11/13/30		20,327
	2,650,000		Bristol-Myers Squibb Co		2.550		11/13/50		2,488
	3,725,000		Gilead Sciences, Inc		1.200		10/01/27		3,646
	1,775,000		Gilead Sciences, Inc		4.000		09/01/36		2,041
	13,100,000		Gilead Sciences, Inc		2.800		10/01/50		12,349
	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		108
	3,750,000		Johnson & Johnson		3.400		01/15/38		4,212
	5,750,000		Mylan, Inc		4.550		04/15/28		6,563
EUR	100,000	g	Organon Finance LLC		2.875		04/30/28		118
$	750,000	g	Organon Finance LLC		5.125		04/30/31		788
	4,900,000		Royalty Pharma plc		2.150		09/02/31		4,718
	21,850,000		Takeda Pharmaceutical Co Ltd		2.050		03/31/30		21,507
EUR	400,000	g	Takeda Pharmaceutical Co Ltd		3.000		11/21/30		553
	400,000		Takeda Pharmaceutical Co Ltd		1.375		07/09/32		483
$	1,975,000		Takeda Pharmaceutical Co Ltd		3.025		07/09/40		2,005
	9,775,000		Thermo Fisher Scientific, Inc		4.133		03/25/25		10,754
	2,000,000		Thermo Fisher Scientific, Inc		2.000		10/15/31		1,957
	4,200,000	g	Viatris, Inc		2.700		06/22/30		4,246
	2,425,000	g	Viatris, Inc		3.850		06/22/40		2,601
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES						243,504
REAL ESTATE - 2.1%
	1,675,000		Alexandria Real Estate Equities, Inc		3.950		01/15/27		1,864
	2,300,000		Alexandria Real Estate Equities, Inc		3.950		01/15/28		2,582
	5,500,000		Alexandria Real Estate Equities, Inc		4.900		12/15/30		6,653
	3,725,000		Alexandria Real Estate Equities, Inc		1.875		02/01/33		3,505
	5,950,000		American Tower Corp		3.000		06/15/23		6,195
	5,775,000		American Tower Corp		2.950		01/15/25		6,099
	2,418,000		American Tower Corp		3.375		10/15/26		2,617
	10,000,000		American Tower Corp		2.750		01/15/27		10,500
	1,600,000		American Tower Corp		3.600		01/15/28		1,742
	8,850,000		American Tower Corp		3.800		08/15/29		9,814
	13,700,000		American Tower Corp		2.900		01/15/30		14,263
	9,925,000		American Tower Corp		1.875		10/15/30		9,532

318

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE (000)
$	5,575,000	Brandywine Operating Partnership LP		4.100	%	10/01/24	$	6,007
	5,825,000	Brixmor Operating Partnership LP		3.850		02/01/25		6,297
	1,075,000	Brixmor Operating Partnership LP		2.250		04/01/28		1,084
	1,300,000	Brixmor Operating Partnership LP		2.500		08/16/31		1,281
	1,950,000	Camden Property Trust		3.150		07/01/29		2,106
	2,150,000	Camden Property Trust		2.800		05/15/30		2,269
	2,800,000	Corporate Office Properties LP		2.750		04/15/31		2,828
	1,700,000	Crown Castle International Corp		3.650		09/01/27		1,869
	15,425,000	Crown Castle International Corp		2.250		01/15/31		15,074
	10,630,000	Crown Castle International Corp		2.100		04/01/31		10,233
	2,425,000	Digital Realty Trust LP		3.600		07/01/29		2,653
	1,600,000	Duke Realty LP		3.250		06/30/26		1,724
	2,525,000	Duke Realty LP		2.875		11/15/29		2,660
	3,125,000	Duke Realty LP		1.750		07/01/30		2,997
	3,825,000	Equinix, Inc		2.150		07/15/30		3,751
	9,100,000	Essex Portfolio LP		3.000		01/15/30		9,594
	3,050,000	Federal Realty Investment Trust		1.250		02/15/26		3,024
	6,600,000	Healthcare Realty Trust, Inc		3.875		05/01/25		7,113
	3,000,000	Healthcare Realty Trust, Inc		3.625		01/15/28		3,283
	1,750,000	Healthcare Realty Trust, Inc		2.400		03/15/30		1,756
	1,850,000	Healthcare Realty Trust, Inc		2.050		03/15/31		1,798
	6,250,000	Healthcare Trust of America Holdings LP		3.500		08/01/26		6,774
	11,400,000	Healthcare Trust of America Holdings LP		3.100		02/15/30		11,988
	7,950,000	Highwoods Realty LP		3.875		03/01/27		8,791
	2,900,000	Highwoods Realty LP		4.125		03/15/28		3,230
	2,875,000	Highwoods Realty LP		4.200		04/15/29		3,218
	6,000,000	Highwoods Realty LP		3.050		02/15/30		6,266
	3,250,000	Highwoods Realty LP		2.600		02/01/31		3,270
	1,833,000	Hudson Pacific Properties LP		3.950		11/01/27		2,005
	3,000,000	Hudson Pacific Properties LP		3.250		01/15/30		3,149
	800,000	iStar, Inc		4.750		10/01/24		846
	850,000	Life Storage LP		2.200		10/15/30		843
	5,224,000	Mid-America Apartments LP		4.300		10/15/23		5,564
	5,525,000	Mid-America Apartments LP		3.750		06/15/24		5,924
	4,300,000	Mid-America Apartments LP		4.000		11/15/25		4,722
	11,100,000	Mid-America Apartments LP		2.750		03/15/30		11,546
	5,400,000	Mid-America Apartments LP		1.700		02/15/31		5,124
	3,050,000	Mid-America Apartments LP		2.875		09/15/51		2,946
	2,575,000	National Retail Properties, Inc		4.000		11/15/25		2,848
	3,000,000	National Retail Properties, Inc		3.600		12/15/26		3,263
EUR	360,000	ProLogis Euro Finance LLC		0.375		02/06/28		419
$	7,225,000	Regency Centers LP		3.900		11/01/25		7,864
	2,250,000	Regency Centers LP		3.600		02/01/27		2,479
	5,500,000	Regency Centers LP		2.950		09/15/29		5,770
	5,700,000	Retail Properties of America, Inc		4.750		09/15/30		6,269
	2,968,000	SITE Centers Corp		3.625		02/01/25		3,145
	350,000	SITE Centers Corp		4.700		06/01/27		394
EUR	400,000	Vonovia SE		0.625		12/14/29		462
$	1,170,000	Weingarten Realty Investors		3.375		10/15/22		1,196
	4,800,000	Weingarten Realty Investors		3.500		04/15/23		4,980
	3,025,000	Weingarten Realty Investors		4.450		01/15/24		3,230
	3,950,000	Weingarten Realty Investors		3.850		06/01/25		4,242
	1,300,000	Weingarten Realty Investors		3.250		08/15/26		1,383
		TOTAL REAL ESTATE						298,917

319

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
RETAILING - 0.7%
$	2,950,000		AutoNation, Inc		3.800	%	11/15/27	$	3,238
	2,650,000		AutoNation, Inc		2.400		08/01/31		2,583
	6,525,000		AutoZone, Inc		1.650		01/15/31		6,198
	900,000		Chevron USA, Inc		3.900		11/15/24		983
	1,675,000		Chevron USA, Inc		3.850		01/15/28		1,891
	3,465,000		Chevron USA, Inc		5.050		11/15/44		4,611
	550,000	g	Group 1 Automotive, Inc		4.000		08/15/28		559
	350,000		JD.com, Inc		3.375		01/14/30		367
	925,000	g	L Brands, Inc		6.625		10/01/30		1,050
	875,000	g	Lithia Motors, Inc		4.625		12/15/27		921
	5,100,000		O’Reilly Automotive, Inc		3.550		03/15/26		5,588
	6,875,000		O’Reilly Automotive, Inc		3.600		09/01/27		7,640
	4,075,000		O’Reilly Automotive, Inc		4.200		04/01/30		4,670
	7,400,000		O’Reilly Automotive, Inc		1.750		03/15/31		7,089
	6,000,000	g	Prosus NV		3.832		02/08/51		5,461
	3,000,000	g	Staples, Inc		7.500		04/15/26		3,043
	17,275,000		Target Corp		2.350		02/15/30		17,880
	6,600,000	e	Walmart, Inc		1.050		09/17/26		6,598
	15,450,000		Walmart, Inc		1.800		09/22/31		15,317
	7,150,000		Walmart, Inc		2.500		09/22/41		7,119
			TOTAL RETAILING						102,806
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.9%
	11,406,000		Broadcom, Inc		4.150		11/15/30		12,638
	13,650,000	g	Broadcom, Inc		2.450		02/15/31		13,219
	10,530,000	g	Broadcom, Inc		3.469		04/15/34		10,843
	619,000	g,h	Broadcom, Inc		3.187		11/15/36		617
	15,640,000		Intel Corp		2.875		05/11/24		16,536
	4,800,000		Intel Corp		2.600		05/19/26		5,119
	7,325,000		Intel Corp		3.750		03/25/27		8,221
	2,500,000		Intel Corp		3.734		12/08/47		2,789
	2,875,000		Lam Research Corp		3.750		03/15/26		3,189
	3,275,000	e	Lam Research Corp		4.000		03/15/29		3,759
	1,100,000		Lam Research Corp		1.900		06/15/30		1,097
	8,075,000		Lam Research Corp		2.875		06/15/50		8,098
	13,200,000		NVIDIA Corp		2.000		06/15/31		13,130
	3,850,000	g	NXP BV		2.700		05/01/25		4,021
	5,725,000	g	NXP BV		3.875		06/18/26		6,307
	2,450,000	g	NXP BV		3.400		05/01/30		2,659
	4,800,000	g	SK Hynix, Inc		1.500		01/19/26		4,738
	2,100,000		Skyworks Solutions, Inc		1.800		06/01/26		2,128
	3,475,000		Texas Instruments, Inc		2.625		05/15/24		3,644
	3,100,000		Texas Instruments, Inc		4.150		05/15/48		3,845
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT						126,597
SOFTWARE & SERVICES - 1.1%
	10,050,000		Adobe, Inc		2.300		02/01/30		10,395
	100,000	g	Camelot Finance S.A.		4.500		11/01/26		104
EUR	375,000		Fidelity National Information Services, Inc		1.100		07/15/24		447
$	4,325,000		Fidelity National Information Services, Inc		2.250		03/01/31		4,293

320

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	14,800,000		Fiserv, Inc		2.750	%	07/01/24	$	15,586
	23,750,000		Fiserv, Inc		3.500		07/01/29		25,862
GBP	200,000		Fiserv, Inc		3.000		07/01/31		291
$	900,000	g	Gartner, Inc		3.750		10/01/30		926
	4,725,000		Global Payments, Inc		2.650		02/15/25		4,939
	10,275,000		Global Payments, Inc		3.200		08/15/29		10,862
	4,700,000	g	HCL America, Inc		1.375		03/10/26		4,647
	15,050,000		International Business Machines Corp		1.950		05/15/30		14,864
EUR	400,000		International Business Machines Corp		0.650		02/11/32		461
	500,000	g	IQVIA, Inc		1.750		03/15/26		587
$	1,625,000	g	j2 Global, Inc		4.625		10/15/30		1,726
	26,300,000		Microsoft Corp		2.400		08/08/26		27,938
	7,245,000		Microsoft Corp		2.525		06/01/50		6,971
	1,705,000		Microsoft Corp		2.921		03/17/52		1,763
	550,000	g	Open Text Holdings, Inc		4.125		02/15/30		565
	2,425,000		salesforce.com, Inc		3.700		04/11/28		2,722
	6,600,000		salesforce.com, Inc		1.950		07/15/31		6,569
	5,775,000		salesforce.com, Inc		2.700		07/15/41		5,758
	7,075,000		Visa, Inc		2.050		04/15/30		7,187
	1,800,000		Visa, Inc		2.700		04/15/40		1,842
			TOTAL SOFTWARE & SERVICES						157,305
TECHNOLOGY HARDWARE & EQUIPMENT - 0.7%
	7,025,000		Amphenol Corp		2.800		02/15/30		7,363
	8,075,000		Apple, Inc		2.450		08/04/26		8,544
	36,100,000		Apple, Inc		2.050		09/11/26		37,566
	4,525,000		Apple, Inc		4.650		02/23/46		5,889
	5,900,000		Apple, Inc		2.650		02/08/51		5,644
	2,075,000		Corning, Inc		4.375		11/15/57		2,489
	7,050,000		Dell International LLC		5.300		10/01/29		8,522
	2,425,000	g	NCR Corp		5.000		10/01/28		2,478
	6,669,000		Tyco Electronics Group S.A.		3.500		02/03/22		6,686
	2,175,000		Tyco Electronics Group S.A.		3.700		02/15/26		2,356
	4,800,000	e,g	Wipro IT Services LLC		1.500		06/23/26		4,778
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT						92,315
TELECOMMUNICATION SERVICES - 3.2%
EUR	400,000	g	Altice France S.A.		3.375		01/15/28		445
	650,000		American Tower Corp		0.450		01/15/27		752
	500,000		AT&T, Inc		2.350		09/05/29		654
$	14,855,000		AT&T, Inc		4.300		02/15/30		17,047
	12,650,000		AT&T, Inc		2.250		02/01/32		12,317
	46,893,000		AT&T, Inc		2.550		12/01/33		46,134
	9,000,000		AT&T, Inc		4.500		05/15/35		10,536
	15,575,000		AT&T, Inc		3.300		02/01/52		15,081
	27,320,000		AT&T, Inc		3.550		09/15/55		26,941
	17,978,000		AT&T, Inc		3.800		12/01/57		18,366
	5,127,000		AT&T, Inc		3.650		09/15/59		5,111
	2,875,000	g	Avaya, Inc		6.125		09/15/28		3,023
	2,000,000	g	Bharti Airtel International Netherlands BV		5.350		05/20/24		2,182
	7,425,000	g	Bharti Airtel Ltd		3.250		06/03/31		7,465
	3,000,000	g	C&W Senior Financing Designated Activity Co		6.875		09/15/27		3,154
	4,000,000		Deutsche Telekom International Finance BV		8.750		06/15/30		5,964
	3,150,000	g	Empresa Nacional de Telecomunicaciones S.A.		3.050		09/14/32		3,095

321

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	$	1,228
	4,000,000	g	MTN Mauritius Investment Ltd		6.500		10/13/26		4,555
	1,500,000	g	Network i2i Ltd		3.975		N/A‡		1,511
	2,350,000	g	Ooredoo International Finance Ltd		2.625		04/08/31		2,391
	3,950,000		Orange S.A.		5.375		01/13/42		5,274
	10,150,000	g	SBA Tower Trust		2.836		01/15/25		10,512
	11,046,000	g	SBA Tower Trust		1.884		01/15/26		11,184
	25,000,000	g	SBA Tower Trust		1.631		11/15/26		24,937
	2,125,000		Telefonica Emisiones SAU		4.103		03/08/27		2,387
	3,800,000		Telefonica Emisiones SAU		4.895		03/06/48		4,569
	32,175,000		T-Mobile USA, Inc		3.875		04/15/30		35,526
	21,500,000		T-Mobile USA, Inc		2.550		02/15/31		21,577
	2,525,000		T-Mobile USA, Inc		3.000		02/15/41		2,443
	2,350,000		T-Mobile USA, Inc		4.500		04/15/50		2,740
	7,800,000		T-Mobile USA, Inc		3.300		02/15/51		7,542
	6,600,000		Verizon Communications, Inc		4.329		09/21/28		7,587
EUR	400,000		Verizon Communications, Inc		1.875		10/26/29		514
$	24,589,000		Verizon Communications, Inc		3.150		03/22/30		26,297
	2,325,000		Verizon Communications, Inc		1.680		10/30/30		2,211
	7,525,000		Verizon Communications, Inc		1.750		01/20/31		7,152
	5,000,000		Verizon Communications, Inc		2.550		03/21/31		5,061
	626,000	g	Verizon Communications, Inc		2.355		03/15/32		619
	30,220,000		Verizon Communications, Inc		4.272		01/15/36		35,500
EUR	300,000		Verizon Communications, Inc		2.875		01/15/38		424
$	7,625,000		Verizon Communications, Inc		3.400		03/22/41		7,963
	11,300,000		Verizon Communications, Inc		2.875		11/20/50		10,533
GBP	1,645,000	g	Vmed O2 UK Financing I plc		4.500		07/15/31		2,263
$	7,975,000		Vodafone Group plc		4.375		02/19/43		9,265
	7,000,000		Vodafone Group plc		4.250		09/17/50		8,048
			TOTAL TELECOMMUNICATION SERVICES						440,080
TRANSPORTATION - 0.5%
	1,850,000	g	Adani Ports & Special Economic Zone Ltd		4.000		07/30/27		1,926
	2,000,000	g	Adani Ports & Special Economic Zone Ltd		4.200		08/04/27		2,098
	2,700,000	g	Adani Ports & Special Economic Zone Ltd		3.100		02/02/31		2,580
	5,175,000		Burlington Northern Santa Fe LLC		3.050		02/15/51		5,335
	3,700,000		Canadian Pacific Railway Co		2.050		03/05/30		3,654
	2,040,000		CSX Corp		2.600		11/01/26		2,164
	7,125,000		CSX Corp		3.250		06/01/27		7,764
	3,500,000		CSX Corp		3.800		03/01/28		3,912
	23,495,000		CSX Corp		4.250		03/15/29		27,008
	1,257,000	g	Delta Air Lines, Inc		7.000		05/01/25		1,466
	1,250,000	g	DP World Ltd		5.625		09/25/48		1,538
	1,175,000	g	Mileage Plus Holdings LLC		6.500		06/20/27		1,278
	6,150,000	g	Union Pacific Corp		2.891		04/06/36		6,386
	6,125,000		Union Pacific Corp		3.839		03/20/60		7,027
			TOTAL TRANSPORTATION						74,136
UTILITIES - 3.9%
	3,425,000	g	Abu Dhabi National Energy Co PJSC		2.000		04/29/28		3,448
	1,650,000		AEP Transmission Co LLC		3.100		12/01/26		1,778
	1,650,000		AEP Transmission Co LLC		4.000		12/01/46		1,932
	5,775,000		AEP Transmission Co LLC		2.750		08/15/51		5,505

322

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	1,650,000	g	Aeropuerto Internacional de Tocumen S.A.		4.000	%	08/11/41	$	1,696
	200,000	g	Aeropuerto Internacional de Tocumen S.A.		5.125		08/11/61		209
	3,475,000		Alabama Power Co		4.150		08/15/44		4,073
	7,000,000		Alabama Power Co		3.450		10/01/49		7,557
	2,500,000		Ameren Corp		3.500		01/15/31		2,718
	2,750,000		American Water Capital Corp		3.000		12/01/26		2,972
	8,425,000		American Water Capital Corp		2.800		05/01/30		8,837
	10,000,000		American Water Capital Corp		2.300		06/01/31		10,102
	2,375,000		American Water Capital Corp		4.000		12/01/46		2,768
	4,500,000		American Water Capital Corp		3.750		09/01/47		5,045
	1,325,000		American Water Capital Corp		3.450		05/01/50		1,410
	6,038,000		Appalachian Power Co		4.450		06/01/45		7,219
	10,375,000		Atmos Energy Corp		1.500		01/15/31		9,760
	1,175,000		Atmos Energy Corp		4.125		10/15/44		1,362
	6,500,000		Baltimore Gas & Electric Co		3.750		08/15/47		7,351
	4,700,000	g	Becle SAB de C.V.		2.500		10/14/31		4,652
	5,925,000		Berkshire Hathaway Energy Co		3.250		04/15/28		6,463
	6,225,000		Black Hills Corp		4.250		11/30/23		6,651
	1,575,000		Black Hills Corp		3.150		01/15/27		1,678
	3,550,000		CenterPoint Energy Resources Corp		6.250		02/01/37		4,842
EUR	350,000		CEZ AS.		0.875		12/02/26		416
$	4,675,000		CMS Energy Corp		3.600		11/15/25		5,052
	4,200,000		Commonwealth Edison Co		5.900		03/15/36		5,868
	8,250,000		Commonwealth Edison Co		3.000		03/01/50		8,279
	5,500,000		Commonwealth Edison Co		2.750		09/01/51		5,265
	5,050,000		Consumers Energy Co		2.650		08/15/52		4,778
	3,325,000		Consumers Energy Co		2.500		05/01/60		2,905
	4,000,000		Dominion Energy, Inc		2.250		08/15/31		3,987
	4,600,000		Dominion Energy, Inc		3.300		04/15/41		4,773
	13,775,000		DTE Electric Co		2.250		03/01/30		13,981
	2,800,000		Duke Energy Carolinas LLC		2.550		04/15/31		2,900
	8,675,000		Duke Energy Corp		2.650		09/01/26		9,151
	5,000,000		Duke Energy Florida LLC		3.400		10/01/46		5,339
	695,511		Duke Energy Florida Project Finance LLC		1.731		09/01/22		700
	11,425,000		Duke Energy Indiana LLC		2.750		04/01/50		10,927
	1,450,000		Duke Energy Ohio, Inc		3.800		09/01/23		1,528
	6,100,000		Duke Energy Progress LLC		2.500		08/15/50		5,531
	4,125,000		Eastern Energy Gas Holdings LLC		2.500		11/15/24		4,320
EUR	500,000		EDP Finance BV		1.125		02/12/24		597
	300,000		Electricite de France S.A.		2.000		10/02/30		389
$	3,445,000	g	Empresas Publicas de Medellin ESP		4.250		07/18/29		3,430
	3,000,000		Enel Chile S.A.		4.875		06/12/28		3,435
	4,000,000	g	EnfraGen Energia Sur S.A.		5.375		12/30/30		3,925
	4,300,000	g	ENN Energy Holdings Ltd		2.625		09/17/30		4,265
	6,900,000		Entergy Corp		0.900		09/15/25		6,785
	2,800,000	g	Equate Petrochemical BV		2.625		04/28/28		2,818
	2,050,000		Eversource Energy		0.800		08/15/25		2,019
	6,250,000		Eversource Energy		1.650		08/15/30		5,936
	7,000,000		Eversource Energy		3.450		01/15/50		7,333
	2,475,000		Exelon Corp		4.050		04/15/30		2,805
	9,450,000		Exelon Generation Co LLC		3.400		03/15/22		9,554
	5,775,000		Florida Power & Light Co		3.990		03/01/49		6,920
UGX	2,000,000,000	†,g	ICBC Standard Bank plc		14.250		06/26/34		551
$	3,600,000		Indiana Michigan Power Co		3.750		07/01/47		4,010

323

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	8,525,000	g	Israel Electric Corp Ltd		4.250	%	08/14/28	$	9,549
	2,850,000	g	Kallpa Generacion SA		4.125		08/16/27		2,972
	3,675,000	g	Korea Hydro & Nuclear Power Co Ltd		3.750		07/25/23		3,885
	3,200,000	g	Korea Southern Power Co Ltd		0.750		01/27/26		3,118
	4,800,000		Life Storage LP		2.400		10/15/31		4,753
	6,975,000		MidAmerican Energy Co		3.650		04/15/29		7,805
	6,150,000		MidAmerican Energy Co		3.650		08/01/48		6,900
EUR	300,000	g	Mondelez International Holdings Netherlands BV		1.250		09/09/41		331
$	12,100,000	e,g	NBK SPC Ltd		1.625		09/15/27		11,949
	7,350,000		Nevada Power Co		2.400		05/01/30		7,453
	3,335,000		Nevada Power Co		5.450		05/15/41		4,414
	17,000,000		NextEra Energy Capital Holdings, Inc		2.250		06/01/30		17,097
	29,085,000		NiSource, Inc		1.700		02/15/31		27,398
EUR	300,000	g	Novolipetsk Steel Via Steel Funding DAC		1.450		06/02/26		350
$	8,250,000	g	NRG Energy, Inc		2.450		12/02/27		8,372
	1,675,000		NSTAR Electric Co		3.950		04/01/30		1,913
	3,600,000		Ohio Power Co		2.600		04/01/30		3,738
	6,150,000		Ohio Power Co		4.150		04/01/48		7,313
	6,150,000		Ohio Power Co		4.000		06/01/49		7,164
	1,280,000		Oncor Electric Delivery Co LLC		5.250		09/30/40		1,724
	3,500,000		ONE Gas, Inc		3.610		02/01/24		3,694
	600,000	g	Pattern Energy Operations LP		4.500		08/15/28		626
	2,775,000		PECO Energy Co		3.000		09/15/49		2,786
	3,700,000		PECO Energy Co		2.800		06/15/50		3,627
	1,500,000	g	Perusahaan Gas Negara Persero Tbk PT		5.125		05/16/24		1,646
	3,000,000	g	Perusahaan Listrik Negara PT		4.125		05/15/27		3,251
	650,000	g	Perusahaan Listrik Negara PT		3.875		07/17/29		688
	3,000,000	g	Perusahaan Listrik Negara PT		3.375		02/05/30		3,079
	200,000	g	Perusahaan Listrik Negara PT		4.875		07/17/49		214
	5,000,000	g	Perusahaan Perseroan Persero PT Perusahaan Listrik Negara		4.000		06/30/50		4,794
	3,175,000	g	Phosagro OAO Via Phosagro Bond Funding DAC		2.600		09/16/28		3,172
	750,000		Potomac Electric Power Co		7.900		12/15/38		1,220
	3,300,000	g	Promigas S.A. ESP		3.750		10/16/29		3,316
	8,425,000		Public Service Co of Colorado		1.875		06/15/31		8,280
	3,000,000		Public Service Co of Colorado		4.050		09/15/49		3,629
	4,450,000		Public Service Co of Colorado		3.200		03/01/50		4,716
	7,970,000		Public Service Electric & Gas Co		3.150		01/01/50		8,315
	3,500,000	g	Saka Energi Indonesia PT		4.450		05/05/24		3,364
	20,000,000		Southern Co		4.000		01/15/51		21,141
EUR	300,000		Southern Co		1.875		09/15/81		345
$	8,475,000		Southern Co Gas Capital Corp		3.875		11/15/25		9,286
	2,125,000		Southern Co Gas Capital Corp		4.400		06/01/43		2,488
	2,000,000		Southern Co Gas Capital Corp		3.950		10/01/46		2,217
	2,440,000		Southwestern Public Service Co		3.400		08/15/46		2,592
	350,000	g	Tengizchevroil Finance Co International Ltd		2.625		08/15/25		357
	3,680,000	e	Virginia Electric & Power Co		2.950		01/15/22		3,685
	3,250,000		Virginia Electric & Power Co		2.950		11/15/26		3,488
	3,250,000		Virginia Electric & Power Co		3.500		03/15/27		3,587
	12,379,000		Virginia Electric & Power Co		3.800		04/01/28		13,819
	4,125,000		Wisconsin Power & Light Co		4.100		10/15/44		4,713
	2,975,000		Xcel Energy, Inc		3.350		12/01/26		3,218
	2,890,000		Xcel Energy, Inc		4.800		09/15/41		3,553
			TOTAL UTILITIES						543,604
			TOTAL CORPORATE BONDS						6,029,984
			(Cost $5,775,064)

324

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
GOVERNMENT BONDS - 36.8%
AGENCY SECURITIES - 0.6%
$	2,500,000		Amber Circle Funding Ltd		3.250	%	12/04/22	$	2,574
	3,274,000		Canal Barge Co, Inc		4.500		11/12/34		3,716
	356		Export-Import Bank of the United States		1.822		05/03/25		0	^
	9,855,000		Lutheran Medical Center		1.982		02/20/30		9,999
	24,000,000	g	Private Export Funding Corp (PEFCO)		3.266		11/08/21		24,080
	25,747,000		PEFCO		2.050		11/15/22		26,237
	8,225,000		PEFCO		1.750		11/15/24		8,498
	3,000,000	g	Reliance Industries Ltd		3.667		11/30/27		3,260
			TOTAL AGENCY SECURITIES						78,364
FOREIGN GOVERNMENT BONDS - 5.5%
	4,000,000	g	Abu Dhabi Government International Bond		3.125		05/03/26		4,325
	2,000,000	g	Abu Dhabi Government International Bond		2.500		09/30/29		2,089
	2,250,000	g	Abu Dhabi Government International Bond		3.125		09/30/49		2,257
	750,000	g	Africa Finance Corp		2.875		04/28/28		755
	2,325,000	g	African Export-Import Bank		2.634		05/17/26		2,375
	4,675,000	g	Airport Authority		1.625		02/04/31		4,500
	3,325,000	g	Arab Petroleum Investments Corp		4.125		09/18/23		3,545
AUD	400,000		Australia Government Bond		2.250		05/21/28		312
	860,000		Australia Government Bond		1.750		06/21/51		539
$	3,000,000	g	Bahrain Government International Bond		5.450		09/16/32		2,915
	1,500,000	g	Banque Ouest Africaine de Developpement		5.000		07/27/27		1,680
	8,500,000	g	Banque Ouest Africaine de Developpement		4.700		10/22/31		9,345
EUR	3,650,000	g	Banque Ouest Africaine de Developpement		2.750		01/22/33		4,516
	850,000	g	Benin Government International Bond		4.950		01/22/35		959
$	3,450,000	g	Bermuda Government International Bond		3.717		01/25/27		3,778
	200,000	g	Bermuda Government International Bond		4.750		02/15/29		232
	1,375,000	g	Bermuda Government International Bond		2.375		08/20/30		1,361
	12,400,000	g	BNG Bank NV		3.000		09/20/23		13,032
	8,000,000	g	BNG Bank NV		0.875		05/18/26		7,953
CLP	570,000,000	g	Bonos de la Tesoreria de la Republica en pesos		2.300		10/01/28		584
$	2,730,000	g	Brazil Minas SPE via State of Minas Gerais		5.333		02/15/28		2,922
	2,900,000		Brazilian Government International Bond		4.625		01/13/28		3,048
	2,975,000		Brazilian Government International Bond		3.875		06/12/30		2,884
	2,850,000		Brazilian Government International Bond		5.625		02/21/47		2,855
EUR	1,000,000		Bundesrepublik Deutschland Bundesanleihe		0.000		02/15/31		1,185
$	4,000,000	g	Caisse d’Amortissement de la Dette Sociale		1.875		02/12/22		4,025
CAD	1,300,000	g	Canada Housing Trust No 1		2.550		12/15/23		1,068
	1,475,000		Canadian Government Bond		2.000		06/01/28		1,221
	950,000		Canadian Government Bond		2.000		12/01/51		751
	1,000,000		Canadian Government International Bond		5.000		06/01/37		1,140
$	3,050,000		Chile Government International Bond		2.550		01/27/32		3,022
EUR	475,000		Chile Government International Bond		1.250		01/22/51		487
CNY	3,200,000		China Government Bond		2.570		05/20/23		496
	24,000,000		China Government Bond		2.880		11/05/23		3,737
	17,000,000		China Government Bond		1.990		04/09/25		2,570

325

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
CNY $	11,250,000		China Government Bond		3.270	%	11/19/30	$	1,787
	4,700,000		China Government Bond		3.810		09/14/50		772
	9,400,000		China Government Bond		3.720		04/12/51		1,536
	26,500,000		China Government International Bond		2.360		07/02/23		4,092
	9,700,000		China Government International Bond		2.940		10/17/24		1,516
	47,400,000		China Government International Bond		3.120		12/05/26		7,468
$	4,000,000	g	China Government International Bond		1.200		10/21/30		3,861
CNY	18,900,000		China Government International Bond		3.860		07/22/49		3,113
	10,000,000		China Government International Bond		3.390		03/16/50		1,514
$	2,000,000	g	China Government International Bond		2.250		10/21/50		1,891
NOK	7,000,000		City of Oslo Norway		2.050		10/31/24		810
$	12,650,000		Colombia Government International Bond		3.000		01/30/30		11,955
	6,675,000		Colombia Government International Bond		3.250		04/22/32		6,225
	1,700,000		Colombia Government International Bond		5.000		06/15/45		1,657
	4,100,000	g	Costa Rica Government International Bond		5.625		04/30/43		3,639
	20,200,000	g	CPPIB Capital, Inc		2.250		01/25/22		20,331
	5,000,000	g	Development Bank of Japan, Inc		0.500		03/04/24		4,982
DOP	8,000,000	g	Dominican Republic Government International Bond		9.750		06/05/26		171
$	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		2,137
	24,960	g	Ecuador Government International Bond		0.000		07/31/30		13
	141,600	g	Ecuador Government International Bond (Step Bond)		5.000		07/31/30		119
	99,120	g	Ecuador Government International Bond (Step Bond)		1.000		07/31/35		65
	425,000	g	Egypt Government International Bond		5.750		05/29/24		442
EGP	19,025,000		Egypt Government International Bond		15.900		07/02/24		1,245
$	1,500,000	g	Egypt Government International Bond		5.800		09/30/27		1,473
	725,000	g	Egypt Government International Bond		7.600		03/01/29		753
EUR	1,100,000	g	Egypt Government International Bond		5.625		04/16/30		1,215
	700,000	g	Egypt Government International Bond		6.375		04/11/31		793
$	1,100,000	g	Egypt Government International Bond		7.053		01/15/32		1,067
	2,700,000	g	Egypt Government International Bond		8.500		01/31/47		2,612
	650,000	g	El Salvador Government International Bond		6.375		01/18/27		483
	1,445,000	g	El Salvador Government International Bond		7.125		01/20/50		993
	2,000,000		Emirate of Dubai Government International Bonds		3.900		09/09/50		1,889
	800,000	†	European Bank for Reconstruction & Development		10.000		02/28/23		702
	3,500,000		European Investment Bank		4.875		02/15/36		4,806
	4,000,000	g	Export-Import Bank of India		3.875		02/01/28		4,268
	3,975,000	g	Export-Import Bank of India		2.250		01/13/31		3,691
	2,800,000		Export-Import Bank of Korea		0.750		09/21/25		2,761
	3,350,000		Export-Import Bank of Korea		1.250		09/21/30		3,187
EUR	3,000,000		French Republic Government Bond OAT		0.500		05/25/25		3,609
	1,325,000		French Republic Government Bond OAT		0.750		11/25/28		1,637
	1,175,000	g	French Republic Government Bond OAT		0.500		05/25/40		1,332
	860,000	g	French Republic Government Bond OAT		0.750		05/25/52		948
$	2,325,000	g	Ghana Government International Bond		8.125		03/26/32		2,203
	1,000,000	g	Ghana Government International Bond		8.627		06/16/49		898
	1,800,000	g	Guatemala Government International Bond		4.500		05/03/26		1,926
	450,000	g	Guatemala Government International Bond		4.375		06/05/27		480
	600,000	g	Guatemala Government International Bond		6.125		06/01/50		690

326

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
EUR $	1,250,000	g	Hellenic Republic Government International Bond		1.500	%	06/18/30	$	1,540
$	3,625,000	g	Honduras Government International Bond		6.250		01/19/27		3,924
	350,000	e,g	Honduras Government International Bond		5.625		06/24/30		364
	1,150,000	e,g	Hungary Government International Bond		2.125		09/22/31		1,133
	1,525,000	g	Hungary Government International Bond		3.125		09/21/51		1,501
CAD	1,475,000		Hydro-Quebec		5.000		02/15/45		1,621
$	11,675,000	g	Indonesia Government International Bond		4.625		04/15/43		13,217
IDR	7,750,000,000		Indonesia Treasury Bond		8.125		05/15/24		590
	28,000,000,000		Indonesia Treasury Bond		7.000		09/15/30		2,051
	10,000,000,000		Indonesia Treasury Bond		6.375		04/15/32		706
	19,350,000,000		Indonesia Treasury Bond		7.500		05/15/38		1,408
AUD	500,000		Inter-American Development Bank		4.750		08/27/24		405
	900,000		Inter-American Development Bank		2.750		10/30/25		699
NZD	941,000		International Bank for Reconstruction & Development		3.375		01/25/22		655
CAD	1,300,000		International Bank for Reconstruction & Development		1.900		01/16/25		1,056
GBP	500,000		International Finance Corp		0.250		12/15/25		660
$	1,665,625	g	Iraq Government International Bond		5.800		01/15/28		1,606
	6,200,000		Israel Government International Bond		3.250		01/17/28		6,801
ILS	3,100,000		Israel Government International Bond		5.500		01/31/42		1,506
	3,200,000		Israel Government International Bond		3.750		03/31/47		1,253
$	1,875,000		Israel Government International Bond		4.125		01/17/48		2,252
EUR	3,500,000		Italy Buoni Poliennali Del Tesoro		2.450		10/01/23		4,285
	3,345,000		Italy Buoni Poliennali Del Tesoro		1.250		12/01/26		4,089
	2,075,000	g	Italy Buoni Poliennali Del Tesoro		0.950		09/15/27		2,494
	200,000	g	Italy Buoni Poliennali Del Tesoro		0.950		03/01/37		220
	1,225,000	g	Italy Buoni Poliennali Del Tesoro		2.950		09/01/38		1,752
	1,550,000	g	Italy Buoni Poliennali Del Tesoro		3.850		09/01/49		2,619
	425,000	g	Italy Buoni Poliennali Del Tesoro		1.700		09/01/51		481
	1,000,000	g	Ivory Coast Government International Bond		5.875		10/17/31		1,207
EUR	100,000	g	Ivory Coast Government International Bond		4.875		01/30/32		113
$	1,568,473	g	Ivory Coast Government International Bond (Step Bond)		5.750		12/31/32		1,568
	2,850,000		Jamaica Government International Bond		7.875		07/28/45		3,957
	6,000,000		Japan Bank for International Cooperation		2.375		04/20/26		6,335
	6,650,000	g	Japan Finance Organization for Municipalities		3.375		09/27/23		7,019
	2,500,000	g	Japan Finance Organization for Municipalities		1.000		05/21/25		2,507
JPY	140,000,000		Japan Finance Organization for Municipalities		0.020		03/13/26		1,259
	76,000,000		Japan Government Five Year Bond		0.100		06/20/23		685
	440,000,000		Japan Government Ten Year Bond		0.100		09/20/26		3,989
	369,000,000		Japan Government Ten Year Bond		0.100		12/20/26		3,347
	122,000,000		Japan Government Ten Year Bond		0.100		06/20/29		1,106
	162,000,000		Japan Government Ten Year Bond		0.100		12/20/29		1,468
	350,000,000		Japan Government Thirty Year Bond		2.400		11/20/31		3,878
	350,000,000		Japan Government Thirty Year Bond		2.300		05/20/32		3,874
	418,000,000		Japan Government Thirty Year Bond		2.500		09/20/34		4,866
	225,000,000		Japan Government Thirty Year Bond		0.500		09/20/46		1,991
	105,000,000		Japan Government Thirty Year Bond		0.600		09/20/50		928
	93,000,000		Japan Government Twenty Year Bond		0.600		12/20/36		876
	219,000,000		Japan Government Twenty Year Bond		0.500		12/20/38		2,015
	153,000,000		Japan Government Twenty Year Bond		0.300		06/20/39		1,357
	91,000,000		Japan Government Twenty Year Bond		0.400		09/20/40		814

327

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	2,500,000	g	Jordan Government International Bond		4.950	%	07/07/25	$	2,607
	1,000,000	g	Jordan Government International Bond		5.750		01/31/27		1,069
	3,000,000	g	Kazakhstan Government International Bond		4.875		10/14/44		3,669
	1,525,000	g	Kenya Government International Bond		6.875		06/24/24		1,668
	2,350,000	g	Kenya Government International Bond		7.000		05/22/27		2,541
EUR	1,875,000	g	Kingdom of Belgium Government International Bond		0.000		10/22/27		2,217
$	5,000,000	g	Kommunalbanken AS.		2.250		01/25/22		5,031
	2,600,000	g	Kommunalbanken AS.		2.750		02/05/24		2,737
	3,000,000	g	Kommunalbanken AS.		1.125		06/14/30		2,883
	2,833,000	g	Kommuninvest I Sverige AB		2.625		09/15/22		2,899
	6,975,000	g	Korea Electric Power Corp		1.125		06/15/25		6,938
	5,775,000	g	Korea Housing Finance Corp		3.000		10/31/22		5,924
	2,500,000	g	Korea Hydro & Nuclear Power Co Ltd		1.250		04/27/26		2,479
KRW	1,270,000,000		Korea Treasury Bond		1.500		03/10/25		1,063
	1,800,000,000		Korea Treasury Bond		1.500		12/10/26		1,482
	2,400,000,000		Korea Treasury Bond		2.000		06/10/31		1,984
	2,380,000,000		Korea Treasury Bond		2.375		09/10/38		2,040
$	18,750,000		Kreditanstalt fuer Wiederaufbau		2.625		01/25/22		18,894
	5,750,000	g	Kuwait Government International Bond		2.750		03/20/22		5,807
	1,750,000	†,q	Lebanon Government International Bond		6.750		11/29/27		285
	5,250,000	g	Lithuania Government International Bond		6.625		02/01/22		5,353
MYR	2,160,000		Malaysia Government Bond		3.757		05/22/40		493
	3,100,000		Malaysia Government International Bond		4.893		06/08/38		812
MXN	23,500,000		Mexican Bonos		5.750		03/05/26		1,086
	8,800,000		Mexican Bonos		8.500		05/31/29		456
	5,100,000		Mexican Bonos		7.750		05/29/31		253
$	3,000,000		Mexico Government International Bond		4.150		03/28/27		3,384
	13,175,000		Mexico Government International Bond		3.250		04/16/30		13,491
	6,051,000		Mexico Government International Bond		6.050		01/11/40		7,401
	6,650,000		Mexico Government International Bond		4.280		08/14/41		6,785
	3,500,000		Mexico Government International Bond		4.600		02/10/48		3,604
	825,000	g	Mongolia Government International Bond		4.450		07/07/31		800
EUR	900,000	g	Morocco Government International Bond		1.500		11/27/31		962
$	5,750,000	g	Morocco Government International Bond		5.500		12/11/42		6,468
	1,675,000	g	Namibia Government International Bond		5.250		10/29/25		1,790
KZT	340,000,000		National Bank of Kazakhstan Notes		0.000		11/19/21		789
$	4,500,000	g	Nederlandse Waterschapsbank NV		2.125		11/15/21		4,510
	5,000,000	g	Nederlandse Waterschapsbank NV		1.875		04/14/22		5,045
	4,000,000	g	Nederlandse Waterschapsbank NV		3.125		12/05/22		4,135
EUR	400,000	g	Netherlands Government International Bond		2.750		01/15/47		746
AUD	500,000		New South Wales Treasury Corp		4.000		05/20/26		412
	2,690,000		New South Wales Treasury Corp		3.000		04/20/29		2,161
NZD	740,000		New Zealand Government Bond		2.000		05/15/32		506
$	2,600,000	g	Nigeria Government International Bond		6.500		11/28/27		2,697
EUR	850,000	g	North Macedonia Government International Bond		3.675		06/03/26		1,077
NOK	17,250,000	g	Norway Government International Bond		2.000		04/26/28		2,036
$	525,000	g	Oman Government International Bond		6.750		10/28/27		584
	1,500,000	g	Oman Government International Bond		6.000		08/01/29		1,579
	3,000,000	g	Oman Government International Bond		6.250		01/25/31		3,211
	500,000	e,g	Oman Sovereign Sukuk Co		4.875		06/15/30		526
	21,300,000	g	OMERS Finance Trust		2.500		05/02/24		22,335
	15,000,000	g	Ontario Teachers’ Finance Trust		1.625		09/12/24		15,420
	500,000	g	Pakistan Government International Bond		6.000		04/08/26		497

328

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	6,000,000		Panama Bonos del Tesoro		3.362	%	06/30/31	$	6,045
	3,600,000		Panama Government International Bond		3.160		01/23/30		3,706
	4,000,000		Panama Government International Bond		4.300		04/29/53		4,231
	10,955,000		Panama Notas del Tesoro		3.750		04/17/26		11,755
	925,000	g	Paraguay Government International Bond		5.400		03/30/50		1,061
	3,825,000	g	Perusahaan Penerbit SBSN Indonesia III		3.900		08/20/24		4,132
	11,900,000	g	Perusahaan Penerbit SBSN Indonesia III		4.400		03/01/28		13,539
	3,000,000		Peruvian Government International Bond		1.862		12/01/32		2,725
	52,292	g	Petroamazonas EP		4.625		12/06/21		52
PHP	17,000,000		Philippine Government International Bond		6.250		01/14/36		396
CAD	650,000		Province of Quebec Canada		2.750		09/01/27		550
$	6,000,000		Province of Quebec Canada		7.500		09/15/29		8,556
	2,000,000	g	Provincia de Mendoza Argentina (Step Bond)		4.250		03/19/29		1,400
	925,000	g	Qatar Government International Bond		3.400		04/16/25		998
	2,050,000	g	Qatar Government International Bond		3.750		04/16/30		2,311
	5,900,000	g	Qatar Government International Bond		4.400		04/16/50		7,199
EUR	425,000	g	Republic of Cameroon International Bond		5.950		07/07/32		482
$	500,000	g	Republic of Guatemala		4.650		10/07/41		487
	7,000,000		Republic of Italy Government International Bond		4.000		10/17/49		7,727
	2,000,000	g	Republic of Paraguay		6.100		08/11/44		2,435
PLN	6,225,000		Republic of Poland Government International Bond		2.750		10/25/29		1,658
	3,225,000	g	Republic of Uzbekistan Bond		4.750		02/20/24		3,377
	1,400,000	g	Republic of Uzbekistan Bond		3.700		11/25/30		1,356
UZS	5,708,925,000	g	Republic of Uzbekistan International Bond		14.000		07/19/24		545
RON	7,075,000		Romania Government Bond		4.150		01/26/28		1,688
$	3,000,000	g	Romanian Government International Bond		3.000		02/14/31		3,060
EUR	600,000	g	Romanian Government International Bond		2.000		01/28/32		676
	500,000	g	Romanian Government International Bond		2.000		04/14/33		552
$	4,600,000	e,g	Romanian Government International Bond		4.000		02/14/51		4,580
RUB	72,000,000		Russian Federal Bond-OFZ		4.500		07/16/25		902
$	5,000,000	g	Russian Foreign Bond - Eurobond		4.375		03/21/29		5,666
	3,200,000	g	Russian Foreign Bond - Eurobond		5.100		03/28/35		3,831
	4,850,000	g	Rwanda International Government Bond		5.500		08/09/31		5,049
	4,500,000	g	Saudi Government International Bond		3.250		10/26/26		4,849
	500,000	g	Saudi Government International Bond		2.500		02/03/27		519
	6,775,000	g	Saudi Government International Bond		4.500		04/17/30		7,940
	6,150,000	g	Saudi Government International Bond		3.750		01/21/55		6,414
EUR	1,000,000	g	Senegal Government International Bond		4.750		03/13/28		1,204
	425,000	g	Senegal Government International Bond		5.375		06/08/37		486
$	1,000,000	g	Senegal Government International Bond		6.750		03/13/48		1,009
EUR	1,250,000	g	Serbia Government International Bond		1.500		06/26/29		1,429
$	5,450,000	g	Serbia International Bond		2.125		12/01/30		5,103
EUR	575,000	g	Serbia International Bond		2.050		09/23/36		625
RSD	96,000,000		Serbia Treasury Bonds		5.875		02/08/28		1,109
	31,700,000		Serbia Treasury Bonds		4.500		08/20/32		334
SGD	2,030,000		Singapore Government Bond		1.625		07/01/31		1,498
$	4,000,000		South Africa Government International Bond		5.875		09/16/25		4,480
ZAR	12,200,000		South Africa Government International Bond		10.500		12/21/26		909
	15,100,000		South Africa Government International Bond		8.750		01/31/44		827
$	2,800,000		South Africa Government International Bond		5.375		07/24/44		2,636
	1,000,000	g	Southern Gas Corridor CJSC		6.875		03/24/26		1,177
EUR	2,950,000	g	Spain Government Bond		0.500		10/31/31		3,434
	2,550,000	g	Spain Government International Bond		2.750		10/31/24		3,249

329

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE (000)
EUR $	845,000	g	Spain Government International Bond			1.400	%	07/30/28	$	1,072
	1,475,000	g	Spain Government International Bond			0.600		10/31/29		1,768
	625,000	g	Spain Government International Bond			0.100		04/30/31		705
EUR	2,350,000	g	Spain Government International Bond			1.200		10/31/40		2,802
$	3,100,000		State of Israel			3.375		01/15/50		3,284
	5,280,000		Svensk Exportkredit AB			1.625		11/14/22		5,361
	6,590,000		Svensk Exportkredit AB			1.750		12/12/23		6,788
SEK	6,500,000		Sweden Government Bond			0.500		11/24/45		684
THB	48,800,000		Thailand Government International Bond			3.300		06/17/38		1,602
$	2,500,000	g	Turkiye Ihracat Kredi Bankasi AS.			5.750		07/06/26		2,448
UAH	25,000,000		Ukraine Government International Bond			17.000		05/11/22		971
EUR	1,000,000	g	Ukraine Government International Bond			6.750		06/20/26		1,256
	4,050,000	g	Ukraine Government International Bond			4.375		01/27/30		4,336
GBP	2,850,000		United Kingdom Gilt			1.625		10/22/28		4,069
	3,400,000		United Kingdom Gilt			0.875		07/31/33		4,475
	2,450,000		United Kingdom Gilt			1.750		09/07/37		3,518
	500,000		United Kingdom Gilt			1.250		10/22/41		660
	950,000		United Kingdom Gilt			0.625		10/22/50		1,051
UYU	21,800,000	g	Uruguay Government International Bond			8.500		03/15/28		530
$	8,507,410		Uruguay Government International Bond			4.375		01/23/31		9,837
UYU	20,300,000		Uruguay Government International Bond			8.250		05/21/31		482
$	850,000		Uruguay Government International Bond			4.125		11/20/45		991
	1,400,000		Uruguay Government International Bond			5.100		06/18/50		1,779
			TOTAL FOREIGN GOVERNMENT BONDS							762,905
MORTGAGE BACKED - 20.7%
	7,732,106		Federal Home Loan Mortgage Corp (FHLMC)			3.000		10/15/33		8,282
	9,187,743		FHLMC			3.500		08/15/43		9,400
	6,985,482		FHLMC			3.500		03/15/44		7,398
	5,787,519	i	FHLMC	LIBOR 1 M + 5.920%		5.836		03/15/44		1,026
	19,322,404		FHLMC			4.000		10/01/47		21,370
	15,843,785		FHLMC			4.000		06/01/48		17,374
	11,851,305	i	FHLMC	LIBOR 1 M + 9.920%		9.786		06/15/48		13,692
	10,219,352		FHLMC			4.000		07/01/48		11,250
	9,036,207	i	FHLMC	LIBOR 1 M + 9.840%		9.706		10/15/48		10,777
	25,371,178		FHLMC			3.000		11/01/49		26,972
	20,083,530		FHLMC			2.000		09/25/50		2,352
	31,384,920		FHLMC			2.500		11/25/50		5,211
	41,189,666		FHLMC			2.500		02/25/51		7,107
	1,311		Federal Home Loan Mortgage Corp Gold (FGLMC)			7.000		05/01/23		1
	11,056		FGLMC			8.000		01/01/31		11
	4,575		FGLMC			7.000		01/01/32		5
	316,424		FGLMC			4.500		07/01/33		352
	2,271,043		FGLMC			7.000		12/01/33		2,603
	588,362		FGLMC			4.500		10/01/34		653
	398,295		FGLMC			4.500		04/01/35		443
	649,500		FGLMC			7.000		05/01/35		735
	1,791,402		FGLMC			5.000		06/01/36		2,042
	618,446		FGLMC			5.000		07/01/39		708
	82,550		FGLMC			4.500		12/01/43		92
	52,969		FGLMC			4.500		02/01/44		59
	2,056,229		FGLMC			4.500		10/01/44		2,275
	948,947		FGLMC			4.500		11/01/44		1,058
	1,474,412		FGLMC			4.500		11/01/44		1,645

330

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE (000)
$	756,264		FGLMC			4.500	%	12/01/44	$	831
	937,604		FGLMC			4.500		12/01/44		1,039
	4,101,481		FGLMC			3.500		04/01/45		4,488
	797,429		FGLMC			4.500		05/01/45		855
	19,282,737		FGLMC			3.500		08/01/45		21,192
	17,679,749		FGLMC			4.000		12/01/45		19,619
	32,755,873		FGLMC			3.500		08/01/46		35,762
	2,037,091		FGLMC			4.500		06/01/47		2,281
	3,883,462		FGLMC			4.000		09/01/47		4,295
	3,461,708		FGLMC			3.500		12/01/47		3,751
	8,902,097		FGLMC			4.000		07/01/48		9,803
	13,674,111		FGLMC			4.500		08/01/48		15,272
	6,253,551		FGLMC			4.500		10/01/48		6,946
	9,242,263		FGLMC			3.500		11/01/48		10,097
	16,010		Federal National Mortgage Association (FNMA)			8.000		07/01/24		17
	5,008		FNMA			9.000		11/01/25		5
	3,204,688		FNMA			3.500		05/01/32		3,442
	20,038,966		FNMA			3.000		10/01/32		21,173
	24,000,000	h	FNMA			2.500		10/25/32		25,002
	316,912		FNMA			4.500		10/01/33		352
	552,317		FNMA			4.500		05/01/35		611
	3,554,135		FNMA			5.000		05/01/35		4,047
	1,672,518		FNMA			5.000		10/01/35		1,907
	156,200,000	h	FNMA			2.000		10/25/35		160,868
	1,391,359		FNMA			5.000		02/01/36		1,587
	16,000,000	h	FNMA			1.500		10/25/36		16,158
	3,555,990		FNMA			5.500		11/01/38		4,151
	1,516,872		FNMA			3.000		10/01/39		1,587
	18,061,838		FNMA			3.000		05/01/40		18,988
	2,540,437		FNMA			5.000		09/01/40		2,872
	4,711,043		FNMA			5.000		05/01/41		5,382
	13,963,263		FNMA			4.000		09/01/42		15,247
	9,154,756		FNMA			3.500		04/01/43		9,994
	3,104,592		FNMA			3.000		04/25/43		3,201
	8,187,723		FNMA			3.500		09/01/43		8,951
	7,543,322	i	FNMA	LIBOR 1 M + 5.950%		5.864		09/25/43		1,402
	3,819,243		FNMA			4.000		01/01/44		4,227
	7,877,357		FNMA			4.500		03/01/44		8,864
	4,160,123		FNMA			4.500		06/01/44		4,636
	4,118,642		FNMA			4.500		10/01/44		4,589
	7,312,142		FNMA			4.500		11/01/44		8,100
	2,233,188		FNMA			5.000		11/01/44		2,540
	2,577,042		FNMA			4.500		12/01/44		2,872
	2,799,709		FNMA			4.000		01/01/45		3,057
	21,981,372		FNMA			3.000		02/25/45		22,783
	2,928,831		FNMA			3.000		02/25/45		2,996
	274,611		FNMA			3.500		03/01/45		297
	306,502		FNMA			3.500		03/01/45		335
	802,926		FNMA			4.500		03/01/45		887
	5,918,056		FNMA			3.000		03/25/45		6,096
	351,650		FNMA			4.500		04/01/45		389
	13,815,408		FNMA			3.500		04/25/45		14,274
	8,895,674		FNMA			3.500		05/01/45		9,773

331

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	4,262,801		FNMA		4.000	%	06/01/45	$	4,692
	7,090,058		FNMA		4.000		12/01/45		7,843
	21,771,460		FNMA		3.000		12/25/45		22,345
	11,428,451		FNMA		3.500		01/01/46		12,474
	19,933,756		FNMA		4.000		01/01/46		22,064
	537,391		FNMA		4.000		03/01/46		594
	1,415,066		FNMA		4.000		04/01/46		1,558
	9,859,953		FNMA		3.500		06/01/46		10,762
	10,995,785		FNMA		3.500		07/01/46		12,001
	20,676,826		FNMA		3.500		07/01/46		22,555
	2,181,057		FNMA		3.000		10/01/46		2,254
	11,633,233		FNMA		3.500		10/01/46		12,661
	13,234,766		FNMA		3.000		11/01/46		13,990
	23,990,844		FNMA		3.500		01/01/47		25,580
	4,610,214		FNMA		3.000		04/25/47		4,885
	4,758,232		FNMA		4.500		05/01/47		5,310
	1,483,962		FNMA		3.500		09/01/47		1,595
	4,596,047		FNMA		4.000		09/01/47		4,965
	267,651		FNMA		4.000		09/01/47		289
	517,605		FNMA		3.000		11/01/47		533
	1,715,474		FNMA		3.000		11/01/47		1,768
	8,673,849		FNMA		3.500		11/01/47		9,462
	27,903,011		FNMA		4.000		12/01/47		30,822
	5,926,177		FNMA		4.000		12/01/47		6,393
	18,931,079		FNMA		3.500		01/01/48		20,594
	1,994,019		FNMA		3.500		01/01/48		2,177
	8,093,152		FNMA		4.500		01/01/48		9,011
	7,284,439		FNMA		4.500		02/01/48		8,109
	73,051,655		FNMA		3.000		02/25/48		76,989
	6,851,097		FNMA		4.000		03/01/48		7,496
	29,417,066		FNMA		4.500		03/01/48		32,606
	17,853,177		FNMA		4.000		04/01/48		19,107
	5,458,097		FNMA		4.500		05/01/48		6,050
	4,008,219		FNMA		4.500		05/01/48		4,427
	11,470,322		FNMA		5.000		08/01/48		12,775
	1,004,065		FNMA		3.000		06/01/49		1,030
	4,261,458		FNMA		3.000		08/01/49		4,584
	9,247,389		FNMA		3.000		01/25/50		9,672
	24,015,247		FNMA		3.000		07/01/50		25,727
	14,638,406		FNMA		2.000		08/25/50		1,721
	45,080,000	h	FNMA		3.000		10/25/50		47,170
	38,602,837		FNMA		2.500		11/25/50		5,444
	4,831,404		FNMA		3.000		02/25/51		717
	182,530,000	h	FNMA		2.000		10/25/51		183,022
	117,295,000	h	FNMA		2.500		10/25/51		120,938
	214,310,000	h	FNMA		2.000		11/25/51		214,503
	289,695,000	h	FNMA		2.500		11/25/51		298,126
	219,900,000	h	FNMA		3.000		11/25/51		229,809
	32,000,000	g,i	Flagstar Mortgage Trust		3.000		10/25/51		33,182
	11,972,110		Government National Mortgage Association (GNMA)		3.700		10/15/33		12,799
	250,729		GNMA		5.000		04/15/38		285
	293,436		GNMA		6.500		11/20/38		351
	57,718		GNMA		4.500		02/20/39		67

332

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	1,060,080		GNMA		5.000	%	06/15/39	$	1,235
	621,311		GNMA		5.000		06/15/39		724
	10,334,831		GNMA		3.700		08/15/40		10,993
	78,337		GNMA		4.500		08/20/41		89
	173,876		GNMA		4.500		09/20/41		197
	51,190		GNMA		4.500		01/20/44		59
	34,340		GNMA		4.500		02/20/44		39
	109,025		GNMA		4.500		05/20/44		126
	341,854		GNMA		4.500		05/20/44		381
	535,306		GNMA		4.500		08/20/44		594
	455,306		GNMA		4.500		09/20/44		523
	267,850		GNMA		4.500		10/20/44		300
	138,095		GNMA		4.500		11/20/44		149
	375,093		GNMA		4.500		12/20/44		431
	414,016		GNMA		4.500		02/20/45		465
	887,940		GNMA		4.500		08/20/45		1,028
	720,597		GNMA		4.500		08/20/45		834
	530,244		GNMA		4.500		12/20/45		608
	6,393,758		GNMA		4.000		06/20/46		781
	78,030,000	h	GNMA		3.000		10/20/46		81,523
	74,350,000	h	GNMA		3.000		11/20/47		77,548
	11,789,287		GNMA		3.500		01/20/49		12,783
	55,155,000	h	GNMA		2.000		10/20/51		55,950
	243,300,000	h	GNMA		2.500		10/20/51		251,160
	58,795,000	h	GNMA		2.000		11/20/51		59,530
	10,276,899	g,i	JP Morgan Mortgage Trust		2.500		01/25/52		10,297
	9,669,853	g,i	Morgan Stanley Residential Mortgage Loan Trust		2.500		08/25/51		9,695
			TOTAL MORTGAGE BACKED						2,898,708
MUNICIPAL BONDS - 2.9%
	2,975,000		Chicago Housing Authority		3.682		01/01/25		3,212
	245,000		City & County of San Francisco CA Community Facilities District		3.264		09/01/25		264
	1,000,000		City & County of San Francisco CA Community Facilities District		4.038		09/01/34		1,116
	845,000		City & County of San Francisco CA Community Facilities District		3.750		09/01/37		914
	2,000,000		City & County of San Francisco CA Community Facilities District		4.000		09/01/48		2,141
	3,995,000		City of Los Angeles CA Wastewater System Revenue		4.029		06/01/39		4,392
	4,940,000		City of New York NY		3.200		12/01/26		5,406
	1,575,000		City of San Antonio TX Customer Facility Charge Revenue		4.353		07/01/25		1,714
	4,055,000		Commonwealth Financing Authority		3.864		06/01/38		4,607
	19,355,000		Commonwealth Financing Authority		3.807		06/01/41		22,228
	815,000		County of Miami-Dade FL Aviation Revenue		1.885		10/01/21		815
	1,060,000		County of Miami-Dade FL Aviation Revenue		1.885		10/01/21		1,060
	1,505,000		County of Miami-Dade FL Aviation Revenue		2.218		10/01/22		1,533
	1,500,000		County of Miami-Dade FL Aviation Revenue		2.368		10/01/23		1,554
	2,500,000		County of Miami-Dade FL Aviation Revenue		3.285		10/01/23		2,635
	3,500,000		County of Miami-Dade FL Aviation Revenue		2.504		10/01/24		3,670
	2,250,000		County of Miami-Dade FL Aviation Revenue		3.405		10/01/24		2,419

333

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL		ISSUER	RATE			MATURITY DATE	VALUE (000)
$	4,365,000	County of Miami-Dade FL Aviation Revenue		2.604	%	10/01/25	$	4,611
	2,375,000	County of Miami-Dade FL Aviation Revenue		3.505		10/01/25		2,592
	2,500,000	County of Miami-Dade FL Aviation Revenue		2.704		10/01/26		2,653
	3,940,000	County of Miami-Dade FL Aviation Revenue		3.049		10/01/26		4,246
	3,750,000	County of Miami-Dade FL Aviation Revenue		3.612		10/01/26		4,143
	4,700,000	County of Miami-Dade FL Aviation Revenue		2.529		10/01/30		4,823
	3,730,000	County of Miami-Dade FL Aviation Revenue		3.732		10/01/37		4,010
	3,900,000	County of Miami-Dade FL Aviation Revenue		3.982		10/01/41		4,230
	9,160,000	County of Miami-Dade FL Aviation Revenue		4.280		10/01/41		10,081
	2,000,000	Duke University		3.199		10/01/38		2,148
	5,080,000	Illinois Finance Authority		3.944		08/15/47		5,709
	4,805,000	Los Angeles County Redevelopment Refunding Authority Redev Agency Successor Agy		3.375		09/01/35		5,211
	1,110,000	New Jersey Economic Development Authority		3.800		07/01/22		1,131
	870,000	New York City Housing Development Corp		3.403		05/01/22		886
	750,000	New York City Housing Development Corp		3.453		11/01/22		776
	1,360,000	New York City Housing Development Corp		3.523		05/01/23		1,425
	1,815,000	New York City Housing Development Corp		3.573		11/01/23		1,927
	1,000,000	New York City Housing Development Corp		3.650		05/01/24		1,072
	5,680,000	New York State Dormitory Authority		3.998		07/01/39		6,346
	10,605,000	New York State Dormitory Authority		4.294		07/01/44		12,081
	6,000,000	New York State Dormitory Authority		3.879		07/01/46		6,527
	5,000,000	New York State Thruway Authority		2.256		01/01/25		5,206
	6,460,000	New York State Thruway Authority		2.406		01/01/26		6,770
	4,750,000	New York State Thruway Authority		2.500		01/01/27		4,993
	2,000,000	Port of Corpus Christi Authority of Nueces County		3.138		12/01/22		2,064
	3,400,000	Port of Corpus Christi Authority of Nueces County		3.287		12/01/23		3,596
	1,500,000	Port of Corpus Christi Authority of Nueces County		3.387		12/01/24		1,618
	1,000,000	Port of Corpus Christi Authority of Nueces County		3.487		12/01/25		1,096
	1,910,000	Public Finance Authority		4.269		07/01/40		2,198
	6,000,000	San Francisco City & County Airport Comm-San Francisco International Airport		3.046		05/01/22		6,098
	6,360,000	San Jose Redevelopment Agency		3.375		08/01/34		6,935
	13,060,000	State of California		4.600		04/01/38		15,137
	10,500,000	State of Illinois		3.150		06/15/26		11,229
	12,500,000	State of Illinois		3.250		06/15/27		13,383
	27,150,000	State of Illinois		5.100		06/01/33		31,645
	9,700,000	State of Oregon Department of Administrative Services		4.103		05/01/39		10,753
	9,900,000	State of Wisconsin		3.154		05/01/27		10,843
	25,860,000	University of California		3.063		07/01/25		27,821
	10,230,000	University of California		4.601		05/15/31		11,981
	17,045,000	University of California		3.931		05/15/45		19,483
	21,000,000	University of Chicago		4.151		10/01/45		22,304
	7,620,000	University of Massachusetts Building Authority		3.097		11/01/35		8,160
	13,000,000	University of Massachusetts Building Authority		3.434		11/01/40		13,919
	20,000,000	University of New Mexico		3.532		06/20/32		21,298
	1,750,000	Utah Municipal Power Agency		2.262		07/01/22		1,769
	1,500,000	Utah Municipal Power Agency		2.512		07/01/23		1,539
	2,160,000	Virginia Port Authority		4.228		07/01/36		2,377
	390,000	Washington Convention & Sports Authority		3.969		10/01/30		436
		TOTAL MUNICIPAL BONDS						410,959

334

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
U.S. TREASURY SECURITIES - 7.1%
$	4,500,000		United States Treasury Bond		4.750	%	02/15/37	$	6,351
	22,750,000		United States Treasury Bond		3.500		02/15/39		28,363
	12,050,000		United States Treasury Bond		3.875		08/15/40		15,800
	20,935,000		United States Treasury Bond		4.375		05/15/41		29,321
	16,434,000		United States Treasury Bond		3.750		08/15/41		21,303
	6,000,000		United States Treasury Bond		2.750		11/15/42		6,747
	35,680,000		United States Treasury Bond		3.000		05/15/45		41,980
	41,710,000		United States Treasury Bond		2.875		08/15/45		48,094
	52,140,000		United States Treasury Bond		2.500		05/15/46		56,419
	1,075,000		United States Treasury Bond		3.000		05/15/47		1,275
	30,710,000		United States Treasury Bond		2.750		11/15/47		34,892
	6,155,000		United States Treasury Bond		3.125		05/15/48		7,489
	51,995,000		United States Treasury Bond		3.000		08/15/48		61,951
	20,120,000		United States Treasury Bond		3.375		11/15/48		25,631
	33,117,768	k	United States Treasury Inflation Indexed Bonds		0.500		04/15/24		35,367
	39,285,000		United States Treasury Note		0.125		08/31/22		39,294
	50,000,000		United States Treasury Note		1.500		09/15/22		50,668
	27,305,000		United States Treasury Note		0.125		10/31/22		27,308
	14,575,000		United States Treasury Note		0.125		01/31/23		14,568
	4,475,000		United States Treasury Note		0.125		03/31/23		4,471
	9,875,000		United States Treasury Note		0.125		05/31/23		9,859
	5,145,000		United States Treasury Note		0.125		08/31/23		5,131
	79,581,000		United States Treasury Note		0.250		11/15/23		79,469
	62,874,000		United States Treasury Note		0.375		09/15/24		62,604
	2,205,000		United States Treasury Note		0.250		10/31/25		2,154
	7,150,000		United States Treasury Note		0.750		08/31/26		7,074
	34,075,000		United States Treasury Note		0.500		10/31/27		32,703
	70,655,000		United States Treasury Note		0.625		11/30/27		68,237
	100,000		United States Treasury Note		0.625		12/31/27		97
	1,660,000		United States Treasury Note		1.250		05/31/28		1,658
	65,400,000		United States Treasury Note		1.250		08/15/31		63,816
	10,000,000		United States Treasury Note		1.125		08/15/40		8,605
	2,775,000		United States Treasury Note		1.875		02/15/41		2,714
	9,930,000		United States Treasury Note		1.250		05/15/50		8,124
	62,205,000		United States Treasury Note		2.375		05/15/51		66,384
	24,340,000		United States Treasury Note		2.000		08/15/51		23,910
			TOTAL U.S. TREASURY SECURITIES						999,831
			TOTAL GOVERNMENT BONDS						5,150,767
			(Cost $5,022,154)
STRUCTURED ASSETS - 16.6%
ASSET BACKED - 7.8%
	7,500,000	g,i	AIMCO CLO Ltd		1.506		10/15/31		7,502
			Series - 2020 11A (Class A1)
	8,000,000	g,i	AIMCO CLO Ltd		1.684		01/17/32		8,001
			Series - 2020 12A (Class B)
	7,500,000	g,i	AIMCO CLO Series		1.634		04/20/34		7,509
			Series - 2017 AA (Class BR)
	2,000,000	g,i	Allegany Park CLO Ltd		1.464		01/20/33		2,002
			Series - 2019 1A (Class A)

335

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	4,331,872		AmeriCredit Automobile Receivables Trust		1.110	%	08/19/24	$	4,348
			Series - 2020 1 (Class A3)
	5,500,000		AmeriCredit Automobile Receivables Trust		0.660		12/18/24		5,516
			Series - 2020 2 (Class A3)
	4,120,000		AmeriCredit Automobile Receivables Trust		2.130		03/18/26		4,226
			Series - 2020 2 (Class D)
	6,190,000		AmeriCredit Automobile Receivables Trust		1.490		09/18/26		6,244
			Series - 2020 3 (Class D)
	2,121,964	g	AMSR Trust		1.819		04/17/37		2,141
			Series - 2020 SFR1 (Class A)
	3,499,000	g	AMSR Trust		3.148		01/19/39		3,598
			Series - 2019 SFR1 (Class C)
	3,347,000	g	AMSR Trust		3.247		01/19/39		3,463
			Series - 2019 SFR1 (Class D)
	74,236	†,g	Asset Backed Funding Corp NIM Trust		5.900		07/26/35		0	^
			Series - 2005 WMC1 (Class N1)
	8,000,000	g	Avis Budget Rental Car Funding AESOP LLC		3.450		03/20/23		8,063
			Series - 2019 1A (Class A)
	12,000,000	g	Avis Budget Rental Car Funding AESOP LLC		3.070		09/20/23		12,249
			Series - 2017 1A (Class A)
	32,000,000	g	Avis Budget Rental Car Funding AESOP LLC		2.970		03/20/24		33,035
			Series - 2017 2A (Class A)
	9,500,000	g	Avis Budget Rental Car Funding AESOP LLC		1.380		08/20/27		9,479
			Series - 2021 1A (Class A)
	17,600,000		BA Credit Card Trust		1.740		01/15/25		17,841
			Series - 2019 A1 (Class A1)
	4,745,000	i	Bayview Financial Mortgage Pass-Through Trust		1.060		02/28/41		4,748
			Series - 2006 A (Class M3)
	2,653,187	i	Bear Stearns Asset Backed Securities Trust		1.091		04/25/36		2,652
			Series - 2006 SD1 (Class M1)
	4,400,000	g	BHG Securitization Trust		1.670		10/17/34		4,376
			Series - 2021 B (Class B)
	2,949,473	g	BRE Grand Islander Timeshare Issuer LLC		3.280		09/26/33		3,076
			Series - 2019 A (Class A)
	6,328,618	g	Capital Automotive REIT		3.870		04/15/47		6,344
			Series - 2017 1A (Class A1)
	12,426,182	g	Capital Automotive REIT		2.690		02/15/50		12,746
			Series - 2020 1A (Class A1)
	6,033,932	g	Capital Automotive REIT		1.440		08/15/51		6,031
			Series - 2021 1A (Class A1)
	4,230,000	g	Capital Automotive REIT		1.920		08/15/51		4,229
			Series - 2021 1A (Class A3)
	7,550,000		CarMax Auto Owner Trust		1.890		12/16/24		7,657
			Series - 2020 1 (Class A3)
	9,925,000	g	Cars Net Lease Mortgage Notes Series		2.010		12/15/50		9,841
			Series - 2020 1A (Class A1)
	5,000,000		Carvana Auto Receivables Trust		0.970		03/10/28		5,010
			Series - 2021 N2 (Class A2)
	1,000,000		Carvana Auto Receivables Trust		1.270		03/10/28		1,000
			Series - 2021 N2 (Class D)
	4,150,000	g,i	Cayuga Park CLO Ltd		1.000		07/17/34		4,153
			Series - 2020 1A (Class B1R)
	950,100	i	C-BASS Trust		0.246		07/25/36		931
			Series - 2006 CB6 (Class A1)

336

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	18,121,846	g	CF Hippolyta LLC		1.690	%	07/15/60	$	18,367
			Series - 2020 1 (Class A1)
	5,391,987	g	CF Hippolyta LLC		1.990		07/15/60		5,394
			Series - 2020 1 (Class A2)
	3,102,536	g	CF Hippolyta LLC		2.280		07/15/60		3,148
			Series - 2020 1 (Class B1)
	19,882,833	g	CF Hippolyta LLC		1.530		03/15/61		20,013
			Series - 2021 1A (Class A1)
	4,722,173	g	CF Hippolyta LLC		1.980		03/15/61		4,734
			Series - 2021 1A (Class B1)
	428,194	i	Chase Funding Mortgage Loan Asset-Backed Certificates		5.700		02/26/35		459
			Series - 2004 2 (Class 1M2)
	50,500,000		Chase Issuance Trust		1.530		01/15/25		51,342
			Series - 2020 A1 (Class A1)
	1,500,000	g,i	CIFC Funding Ltd		1.354		07/20/30		1,500
			Series - 2017 3A (Class A1)
	2,000,000	g,i	CIFC Funding Ltd		1.734		11/16/30		2,000
			Series - 2017 5A (Class A2)
	11,750,000	g,i	CIFC Funding Ltd		1.784		08/24/32		11,750
			Series - 2020 2A (Class A1)
	141,599		CIT Group Home Equity Loan Trust (Step Bond)		6.200		02/25/30		145
			Series - 2002 1 (Class AF6)
	8,369,117	g	Corevest American Finance Trust		1.832		03/15/50		8,501
			Series - 2020 1 (Class A1)
	18,465,275	g	DB Master Finance LLC		3.629		11/20/47		18,545
			Series - 2017 1A (Class A2I)
	4,704,000	g	DB Master Finance LLC		3.787		05/20/49		4,724
			Series - 2019 1A (Class A2I)
	8,143,800	g	DB Master Finance LLC		4.021		05/20/49		8,513
			Series - 2019 1A (Class A2II)
	2,264,812	g	Diamond Resorts Owner Trust		3.700		01/21/31		2,345
			Series - 2018 1 (Class A)
	5,643,886	g	Diamond Resorts Owner Trust		2.890		02/20/32		5,789
			Series - 2019 1A (Class A)
	816,727	g	Diamond Resorts Owner Trust		2.700		11/21/33		825
			Series - 2021 1A (Class C)
	27,431,250	g	Domino’s Pizza Master Issuer LLC		2.662		04/25/51		28,211
			Series - 2021 1A (Class A2I)
	3,800,000	g,i	Dryden 49 Senior Loan Fund		1.734		07/18/30		3,800
			Series - 2017 49A (Class BR)
	4,000,000	g	DT Auto Owner Trust		0.840		10/15/26		4,002
			Series - 2021 1A (Class C)
	1,900,796	g,i	Ellington Loan Acquisition Trust		1.184		05/25/37		1,904
			Series - 2007 2 (Class A2C)
	10,262,487	g	FCI Funding LLC		1.130		04/15/33		10,269
			Series - 2021 1A (Class A)
	9,874,935	g	FNA VI LLC		1.350		01/10/32		9,864
			Series - 2021 1A (Class A)
	17,050,000	g	Ford Credit Auto Owner Trust		2.360		03/15/29		17,391
			Series - 2017 2 (Class A)

337

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	12,000,000		Ford Credit Floorplan Master Owner Trust		2.230	%	09/15/24	$	12,223
			Series - 2019 3 (Class A1)
	2,714,719		GM Financial Automobile Leasing Trust		1.670		12/20/22		2,725
			Series - 2020 1 (Class A3)
	8,127,557		GM Financial Consumer Automobile Receivables Trust		1.840		09/16/24		8,199
			Series - 2020 1 (Class A3)
	2,000,000	g,i	GoldenTree Loan Opportunities IX Ltd		1.240		10/29/29		2,001
			Series - 2014 9A (Class AR2)
	4,000,000	g	GSCG Trust		2.936		09/06/34		4,169
			Series - 2019 600C (Class A)
	363,658	g	HERO Funding Trust		3.280		09/20/48		378
			Series - 2017 2A (Class A1)
	727,316	g	HERO Funding Trust		4.070		09/20/48		766
			Series - 2017 2A (Class A2)
	24,000,000	g	Hertz Vehicle Financing LLC		1.210		12/26/25		24,076
			Series - 2021 1A (Class A)
	2,679,395	g	Hilton Grand Vacations Trust		2.660		12/26/28		2,737
			Series - 2017 AA (Class A)
	2,310,978	g	Hilton Grand Vacations Trust		2.960		12/26/28		2,354
			Series - 2017 AA (Class B)
	5,554,538	g	Hilton Grand Vacations Trust		2.340		07/25/33		5,700
			Series - 2019 AA (Class A)
	542,767	i	Home Equity Asset Trust		3.986		06/25/33		548
			Series - 2003 1 (Class M1)
	9,526,127		Honda Auto Receivables Owner Trust		1.830		01/18/24		9,611
			Series - 2019 4 (Class A3)
	1,499,931	g,i	Invitation Homes Trust		1.334		01/17/38		1,502
			Series - 2018 SFR4 (Class B)
	4,752,330	g	JG Wentworth XXII LLC		3.820		12/15/48		4,964
			Series - 2010 3A (Class A)
	4,807,683	i	JP Morgan Mortgage Acquisition Trust		0.406		03/25/37		4,782
			Series - 2007 CH3 (Class A1B)
	12,324,149	i	JP Morgan Mortgage Acquisition Trust		0.246		06/25/37		12,187
			Series - 2007 CH5 (Class A1)
	5,000,000	g,i	KKR Clo 32 Ltd		1.876		01/15/32		5,001
			Series - 2020 32A (Class B)
	12,500,000	g,i	Madison Park Funding X Ltd		1.734		01/20/29		12,500
			Series - 2012 10A (Class BR3)
	530,000	g,i	Magnetite XVIII Ltd		1.625		11/15/28		531
			Series - 2016 18A (Class BR)
	6,900,299	g	MVW LLC		1.140		01/22/41		6,903
			Series - 2021 1WA (Class A)
	2,198,403	g	MVW Owner Trust		2.420		12/20/34		2,240
			Series - 2017 1A (Class A)
	2,487,271	g	MVW Owner Trust		3.450		01/21/36		2,578
			Series - 2018 1A (Class A)
	2,649,237	g	MVW Owner Trust		2.890		11/20/36		2,723
			Series - 2019 1A (Class A)
	8,703,099	g	MVW Owner Trust		2.220		10/20/38		8,848
			Series - 2019 2A (Class A)
	5,364,747	g	Navient Private Education Refi Loan Trust		1.310		01/15/69		5,401
			Series - 2020 HA (Class A)

338

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	3,500,000	g	Navient Private Education Refi Loan Trust		2.780	%	01/15/69	$	3,597
			Series - 2020 HA (Class B)
	8,716,185	g	Navient Private Education Refi Loan Trust		0.840		05/15/69		8,703
			Series - 2021 A (Class A)
	3,754,585	g	Navient Student Loan Trust		3.390		12/15/59		3,911
			Series - 2019 BA (Class A2A)
	8,600,000	g,i	Neuberger Berman Loan Advisers CLO 31 Ltd		1.684		04/20/31		8,605
			Series - 2019 31A (Class BR)
	9,500,000	g,i	OHA Credit Funding 7 Ltd		1.384		10/19/32		9,501
			Series - 2020 7A (Class A)
	17,005,000	g	OneMain Financial Issuance Trust		3.840		05/14/32		17,576
			Series - 2020 1A (Class A)
	17,350,000	g	OneMain Financial Issuance Trust		1.750		09/14/35		17,578
			Series - 2020 2A (Class A)
	5,000,000	g	Oportun Funding XIV LLC		1.210		03/08/28		5,013
			Series - 2021 A (Class A)
	759,860	g	Orange Lake Timeshare Trust		3.100		11/08/30		780
			Series - 2018 A (Class A)
	6,250,000	g	PFS Financing Corp		0.930		08/15/24		6,284
			Series - 2020 F (Class A)
	20,500,000	g	PFS Financing Corp		1.270		06/15/25		20,751
			Series - 2020 A (Class A)
	9,000,000	g	PFS Financing Corp		1.000		10/15/25		9,071
			Series - 2020 E (Class A)
	9,861,000	g	PFS Financing Corp		0.970		02/15/26		9,919
			Series - 2020 G (Class A)
	2,809,000	g	Progress Residential Trust		2.937		10/17/36		2,849
			Series - 2019 SFR4 (Class B)
	5,385,000	g	Progress Residential Trust		2.082		10/17/38		5,340
			Series - 2021 SFR8 (Class D)
	1,000,000	g	Purchasing Power Funding LLC		4.370		10/15/25		1,008
			Series - 2021 A (Class D)
	1,759,935	i	RASC Trust		3.080		08/25/35		1,761
			Series - 2005 KS8 (Class M4)
	12,653	i	Renaissance Home Equity Loan Trust		0.966		08/25/33		13
			Series - 2003 2 (Class A)
	15,420,000		Santander Drive Auto Receivables Trust		2.220		09/15/26		15,719
			Series - 2020 2 (Class D)
	3,690,000		Santander Drive Auto Receivables Trust		1.480		01/15/27		3,737
			Series - 2020 4 (Class D)
	24,937,500	g	SERVPRO Master Issuer LLC		2.394		04/25/51		25,050
			Series - 2021 1A (Class A2)
	1,365,124	g	Sierra Timeshare Receivables Funding LLC		2.430		10/20/33		1,366
			Series - 2016 3A (Class A)
	808,962	g	Sierra Timeshare Receivables Funding LLC		2.630		10/20/33		809
			Series - 2016 3A (Class B)
	4,274,688	g	Sierra Timeshare Receivables Funding LLC		2.910		03/20/34		4,303
			Series - 2017 1A (Class A)
	1,970,593	g	Sierra Timeshare Receivables Funding LLC		3.200		03/20/34		1,980
			Series - 2017 1A (Class B)
	2,269,852	g	Sierra Timeshare Receivables Funding LLC		3.500		06/20/35		2,342
			Series - 2018 2A (Class A)
	2,611,115	g	Sierra Timeshare Receivables Funding LLC		3.200		01/20/36		2,694
			Series - 2019 1A (Class A)

339

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	3,934,261	g	Sierra Timeshare Receivables Funding LLC		2.590	%	05/20/36	$	4,028
			Series - 2019 2A (Class A)
	2,384,826	g	Sierra Timeshare Receivables Funding LLC		2.340		08/20/36		2,430
			Series - 2019 3A (Class A)
	3,270,161	g	Sierra Timeshare Receivables Funding LLC		0.990		11/20/37		3,273
			Series - 2021 1A (Class A)
	3,545,737	g	Sierra Timeshare Receivables Funding LLC		1.340		11/20/37		3,542
			Series - 2021 1A (Class B)
	1,965,771	g	Sierra Timeshare Receivables Funding LLC		1.790		11/20/37		1,969
			Series - 2021 1A (Class C)
	360,003	g	SMB Private Education Loan Trust		2.490		06/15/27		362
			Series - 2015 A (Class A2A)
	1,037,386	g	SMB Private Education Loan Trust		2.750		07/15/27		1,044
			Series - 2015 C (Class A2A)
	5,319,521	g	SMB Private Education Loan Trust		2.430		02/17/32		5,440
			Series - 2016 B (Class A2A)
	8,023,117	g	SMB Private Education Loan Trust		2.880		09/15/34		8,237
			Series - 2017 A (Class A2A)
	8,494,102	g	SMB Private Education Loan Trust		2.820		10/15/35		8,767
			Series - 2017 B (Class A2A)
	3,710,974	g	SMB Private Education Loan Trust		3.500		02/15/36		3,893
			Series - 2018 A (Class A2A)
	3,414,890	g	SoFi Professional Loan Program LLC		2.340		04/25/33		3,471
			Series - 2016 D (Class A2B)
	1,547,689	g	SoFi Professional Loan Program LLC		2.490		01/25/36		1,559
			Series - 2016 E (Class A2B)
	674,260	g	SoFi Professional Loan Program LLC		2.760		12/26/36		679
			Series - 2016 A (Class A2)
	1,050,069	g	SoFi Professional Loan Program LLC		2.400		03/26/40		1,061
			Series - 2017 A (Class A2B)
	2,932,973	g	SoFi Professional Loan Program LLC		2.740		05/25/40		2,973
			Series - 2017 B (Class A2FX)
	1,066,078	g	SoFi Professional Loan Program LLC		2.630		07/25/40		1,080
			Series - 2017 C (Class A2B)
	3,926,467	g	SoFi Professional Loan Program LLC		2.720		11/26/40		3,985
			Series - 2017 E (Class A2B)
	5,811,461	g	SoFi Professional Loan Program LLC		2.840		01/25/41		5,943
			Series - 2017 F (Class A2FX)
	10,936,811	g	SoFi Professional Loan Program LLC		2.950		02/25/42		11,131
			Series - 2018 A (Class A2B)
	2,097,710	g	SoFi Professional Loan Program LLC		2.060		05/15/46		2,102
			Series - 2020 A (Class A1FX)
	3,685,166	g	SoFi Professional Loan Program LLC		3.690		06/15/48		3,805
			Series - 2019 A (Class A2FX)
	6,988,375	g	SpringCastle America Funding LLC		1.970		09/25/37		7,046
			Series - 2020 AA (Class A)
	9,021,000	g	SpringCastle America Funding LLC		2.660		09/25/37		9,100
			Series - 2020 AA (Class B)
	9,000,000	g	Stack Infrastructure Issuer LLC		1.893		08/25/45		9,049
			Series - 2020 1A (Class A2)
	5,875,000	g	Stack Infrastructure Issuer LLC		1.877		03/26/46		5,864
			Series - 2021 1A (Class A2)

340

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	156,945	i	Structured Asset Investment Loan Trust		0.986	%	09/25/34	$	157
			Series - 2004 8 (Class M1)
	718,269	i	Structured Asset Investment Loan Trust		1.086		09/25/34		724
			Series - 2004 8 (Class A9)
	7,000,000		Synchrony Credit Card Master Note Trust		2.620		10/15/25		7,173
			Series - 2017 2 (Class A)
	1,819,250	g	Taco Bell Funding LLC		4.970		05/25/46		1,948
			Series - 2016 1A (Class A23)
	21,620,000	g	Taco Bell Funding LLC		1.946		08/25/51		21,603
			Series - 2021 1A (Class A2I)
	16,410,000	g	Taco Bell Funding LLC		2.294		08/25/51		16,343
			Series - 2021 1A (Class A2II)
	10,500,000	g	Tesla Auto Lease Trust		2.160		10/20/22		10,592
			Series - 2019 A (Class A3)
	7,800,000	g	Tesla Auto Lease Trust		0.680		12/20/23		7,833
			Series - 2020 A (Class A3)
	2,300,000	g	Tesla Auto Lease Trust		0.780		12/20/23		2,313
			Series - 2020 A (Class A4)
	3,686,285		Toyota Auto Receivables Owner Trust		1.910		09/15/23		3,714
			Series - 2019 C (Class A3)
	16,800,000		Toyota Auto Receivables Owner Trust		1.660		05/15/24		16,962
			Series - 2020 A (Class A3)
	925,908	g	Tricon American Homes Trust		2.716		09/17/34		925
			Series - 2017 SFR1 (Class A)
	4,400,000	g	Tricon American Homes Trust		4.011		09/17/34		4,397
			Series - 2017 SFR1 (Class E)
	3,832,928	g	Tricon American Homes Trust		2.928		01/17/36		3,898
			Series - 2017 SFR2 (Class A)
	1,050,000	g	Tricon American Homes Trust		3.275		01/17/36		1,066
			Series - 2017 SFR2 (Class B)
	1,275,000	g	Tricon American Homes Trust		2.049		07/17/38		1,290
			Series - 2020 SFR1 (Class B)
	44,800,000		Verizon Owner Trust		1.850		07/22/24		45,390
			Series - 2020 A (Class A1A)
	440,000		Verizon Owner Trust		0.770		04/21/25		440
			Series - 2020 C (Class C)
	19,680,675	g	Wendy’s Funding LLC		2.370		06/15/51		19,845
			Series - 2021 1A (Class A2I)
	15,800,000		World Omni Auto Receivables Trust		1.700		01/17/23		15,968
			Series - 2020 A (Class A3)
			TOTAL ASSET BACKED						1,081,867
OTHER MORTGAGE BACKED - 8.8%
	3,000,000	g,i	20 Times Square Trust		3.203		05/15/35		3,014
			Series - 2018 20TS (Class B)
	12,000,000	g,i	20 TSQ GROUNDCO LLC		3.203		05/15/35		11,594
			Series - 2018 20TS (Class E)
	3,879,769	g,i	ACRE Commercial Mortgage Ltd		0.917		12/18/37		3,866
			Series - 2021 FL4 (Class A)
	470,383	g,i	Agate Bay Mortgage Trust		3.500		11/25/44		474
			Series - 2014 3 (Class A13)
	1,663,053	g,i	Agate Bay Mortgage Trust		3.500		09/25/45		1,679
			Series - 2015 6 (Class A9)

341

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	5,000,000	g,i	Alen Mortgage Trust		2.334	%	04/15/34	$	5,013
			Series - 2021 ACEN (Class C)
	606,740	i	Alternative Loan Trust		0.836		06/25/34		623
			Series - 2004 8CB (Class M1)
	905,094	i	Ameriquest Mortgage Securities		1.106		10/25/34		906
			Series - 2004 R9 (Class M3)
	535,000	g,i	Atom Mortgage Securities DAC		0.000		07/22/31		721
			Series - 2021 1A (Class D)
	667,340	i	BANK		4.062		11/15/50		726
			Series - 2017 BNK8 (Class B)
	2,500,000	i	BANK		4.206		11/15/50		2,656
			Series - 2017 BNK8 (Class C)
	3,800,000		BANK		3.203		12/15/52		4,065
			Series - 2019 BN23 (Class AS)
	1,000,000	i	BANK		3.851		07/15/60		1,058
			Series - 2017 BNK6 (Class C)
	2,000,000		BANK		2.758		09/15/62		2,085
			Series - 2019 BN20 (Class A2)
	8,000,000	i	BANK		3.283		11/15/62		8,590
			Series - 2019 BN24 (Class AS)
	772,000	i	BANK		3.635		11/15/62		805
			Series - 2019 BN24 (Class C)
	1,250,000	g,i	BBCMS Mortgage Trust		4.409		08/05/38		1,108
			Series - 2018 CHRS (Class E)
	5,000,000		BBCMS Mortgage Trust		3.488		02/15/50		5,362
			Series - 2017 C1 (Class ASB)
	847,052	i	Bear Stearns Commercial Mortgage Securities Trust		5.117		02/11/41		842
			Series - 2005 PWR7 (Class B)
	4,600,000	g,i	Benchmark Mortgage Trust		2.791		09/15/48		4,741
			Series - 2020 IG2 (Class AM)
	2,500,000	g,i	Benchmark Mortgage Trust		3.231		09/15/48		2,602
			Series - 2020 IG3 (Class AS)
	2,500,000	g,i	Benchmark Mortgage Trust		3.654		09/15/48		2,615
			Series - 2020 IG3 (Class BXA)
	1,445,000		Benchmark Mortgage Trust		4.232		01/15/52		1,661
			Series - 2018 B8 (Class A5)
	3,452,143		Benchmark Mortgage Trust		4.016		03/15/52		3,926
			Series - 2019 B9 (Class A5)
	1,500,000		Benchmark Mortgage Trust		3.419		08/15/52		1,622
			Series - 2019 B12 (Class AS)
	830,000		Benchmark Mortgage Trust		4.241		05/15/53		937
			Series - 2018 B7 (Class A3)
	5,921,744	i	Benchmark Mortgage Trust		4.510		05/15/53		6,909
			Series - 2018 B7 (Class A4)
	1,000,000		Benchmark Mortgage Trust		2.355		07/15/54		987
			Series - 2021 B27 (Class B)
	10,000,000	i	Benchmark Mortgage Trust		2.244		08/15/54		9,730
			Series - 2021 B28 (Class B)
	10,000,000	i	Benchmark Mortgage Trust		2.429		08/15/54		10,047
			Series - 2021 B28 (Class AS)
	9,500,000		BMARK A5		2.612		09/15/54		9,695
			Series - 2021 B29 (Class AS)
	1,767,339	g,i	BX Commercial Mortgage Trust		1.004		10/15/36		1,771
			Series - 2019 XL (Class A)

342

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER		RATE			MATURITY DATE	VALUE (000)
$	5,087,534		CD Mortgage Trust			2.622	%	08/10/49	$	5,291
			Series - 2016 CD1 (Class ASB)
	9,000,000		CD Mortgage Trust			2.926		08/10/49		9,410
			Series - 2016 CD1 (Class AM)
	5,750,000	i	CD Mortgage Trust			3.879		11/10/49		6,082
			Series - 2016 CD2 (Class B)
	1,000,000	i	CD Mortgage Trust			4.131		11/10/49		1,028
			Series - 2016 CD2 (Class C)
	1,000,000		CD Mortgage Trust			3.453		02/10/50		1,066
			Series - 2017 CD3 (Class AAB)
	500,000	i	CD Mortgage Trust			4.702		02/10/50		519
			Series - 2017 CD3 (Class C)
	5,000,000		CD Mortgage Trust			3.220		08/15/50		5,327
			Series - 2017 CD5 (Class AAB)
	3,457,000		CD Mortgage Trust			2.812		08/15/57		3,655
			Series - 2019 CD8 (Class ASB)
	918,819		CFCRE Commercial Mortgage Trust			3.121		05/10/58		956
			Series - 2016 C4 (Class AHR)
	735,897	i	CHL Mortgage Pass-Through Trust			2.684		02/20/35		746
			Series - 2004 HYB9 (Class 1A1)
	2,500,000	g,i	Citigroup Commercial Mortgage Trust			3.635		05/10/35		2,582
			Series - 2013 375P (Class B)
	5,750,000	g	Citigroup Commercial Mortgage Trust			3.341		05/10/36		6,078
			Series - 2019 PRM (Class A)
	1,054,000	i	Citigroup Commercial Mortgage Trust			3.732		04/10/46		1,091
			Series - 2013 GC11 (Class B)
	2,400,000		Citigroup Commercial Mortgage Trust			4.023		03/10/47		2,565
			Series - 2014 GC19 (Class A4)
	2,553,522		Citigroup Commercial Mortgage Trust			3.371		10/10/47		2,655
			Series - 2014 GC25 (Class AAB)
	1,700,000	i	Citigroup Commercial Mortgage Trust			3.758		04/10/48		1,814
			Series - 2015 GC29 (Class B)
	3,000,000	i	Citigroup Commercial Mortgage Trust			4.288		04/10/48		3,204
			Series - 2015 GC29 (Class C)
	5,300,000		Citigroup Commercial Mortgage Trust			3.243		08/15/50		5,677
			Series - 2017 B1 (Class AAB)
	6,765,000		Citigroup Commercial Mortgage Trust			3.764		10/12/50		7,353
			Series - 2017 C4 (Class AS)
	2,000,000		Citigroup Commercial Mortgage Trust			3.778		09/10/58		2,184
			Series - 2015 GC33 (Class A4)
	476,124	i	Citigroup Mortgage Loan Trust	LIBOR 1 M + 0.750%		0.836		01/25/36		476
			Series - 2006 WFH1 (Class M4)
	5,000,000	g	COMM Mortgage Trust			3.244		10/10/29		5,180
			Series - 2017 PANW (Class A)
	2,000,000	i	COMM Mortgage Trust			4.388		07/10/45		2,106
			Series - 2013 CR9 (Class A4)
	3,727,236		COMM Mortgage Trust			2.853		10/15/45		3,799
			Series - 2012 CR4 (Class A3)
	1,185,000	g	COMM Mortgage Trust			3.147		03/10/46		1,213
			Series - 2013 CR6 (Class AM)
	3,359,721	g,i	COMM Mortgage Trust			4.061		06/10/46		3,478
			Series - 2013 CR8 (Class B)

343

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	2,000,000	g,i	COMM Mortgage Trust		5.064	%	08/10/46	$	2,124
			Series - 2013 CR10 (Class B)
	5,000,000	g,i	COMM Mortgage Trust		5.064		08/10/46		5,261
			Series - 2013 CR10 (Class C)
	3,000,000		COMM Mortgage Trust		4.199		03/10/47		3,192
			Series - 2014 UBS2 (Class AM)
	750,000		COMM Mortgage Trust		4.174		05/10/47		801
			Series - 2014 CR17 (Class AM)
	5,240,000		COMM Mortgage Trust		3.917		10/10/47		5,672
			Series - 2014 LC17 (Class A5)
	5,000,000	i	COMM Mortgage Trust		4.188		10/10/47		5,391
			Series - 2014 LC17 (Class AM)
	1,300,000	i	COMM Mortgage Trust		4.490		10/10/47		1,409
			Series - 2014 LC17 (Class B)
	800,979	i	COMM Mortgage Trust		3.829		02/10/48		851
			Series - 2015 LC19 (Class B)
	1,000,000	g	COMM Mortgage Trust		3.000		03/10/48		850
			Series - 2015 CR22 (Class E)
	1,445,000		COMM Mortgage Trust		3.309		03/10/48		1,547
			Series - 2015 CR22 (Class A5)
	3,382,775	i	COMM Mortgage Trust		3.603		03/10/48		3,626
			Series - 2015 CR22 (Class AM)
	2,175,000	i	COMM Mortgage Trust		4.243		03/10/48		2,302
			Series - 2015 CR22 (Class C)
	7,150,000		COMM Mortgage Trust		3.801		05/10/48		7,727
			Series - 2015 CR23 (Class AM)
	4,500,000	i	COMM Mortgage Trust		4.183		05/10/48		4,802
			Series - 2015 CR23 (Class B)
	2,549,000	i	COMM Mortgage Trust		4.433		05/10/48		2,714
			Series - 2015 CR23 (Class C)
	3,660,085		COMM Mortgage Trust		3.421		07/10/48		3,825
			Series - 2015 LC21 (Class ASB)
	4,000,000	i	COMM Mortgage Trust		3.463		08/10/48		3,722
			Series - 2015 CR24 (Class D)
	2,550,000		COMM Mortgage Trust		3.696		08/10/48		2,767
			Series - 2015 CR24 (Class A5)
	5,000,000	i	COMM Mortgage Trust		4.028		08/10/48		5,428
			Series - 2015 CR24 (Class AM)
	2,000,000	i	COMM Mortgage Trust		4.526		08/10/48		2,173
			Series - 2015 CR24 (Class B)
	1,467,000	i	COMM Mortgage Trust		4.526		08/10/48		1,551
			Series - 2015 CR24 (Class C)
	1,352,000		COMM Mortgage Trust		3.612		10/10/48		1,467
			Series - 2015 CR27 (Class A4)
	3,212,210		COMM Mortgage Trust		3.630		10/10/48		3,494
			Series - 2015 CR26 (Class A4)
	1,575,000		COMM Mortgage Trust		3.774		10/10/48		1,723
			Series - 2015 LC23 (Class A4)
	1,875,000	i	COMM Mortgage Trust		4.630		10/10/48		2,049
			Series - 2015 CR26 (Class B)
	1,005,000	i	COMM Mortgage Trust		4.770		10/10/48		1,077
			Series - 2015 LC23 (Class C)
	1,029,077		COMM Mortgage Trust		3.651		02/10/49		1,092
			Series - 2016 CR28 (Class AHR)

344

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	4,650,000	i	COMM Mortgage Trust		4.792	%	02/10/49	$	5,080
			Series - 2016 CR28 (Class B)
	6,500,000		COMM Mortgage Trust		3.263		08/15/57		6,978
			Series - 2019 GC44 (Class AM)
	12,979,075	i	Connecticut Avenue Securities		2.686		05/25/24		13,136
			Series - 2014 C02 (Class 1M2)
	358,699	i	Connecticut Avenue Securities		2.986		07/25/24		366
			Series - 2014 C03 (Class 2M2)
	8,812,312	i	Connecticut Avenue Securities		3.086		07/25/24		8,965
			Series - 2014 C03 (Class 1M2)
	2,583,529	i	Connecticut Avenue Securities		5.986		10/25/28		2,714
			Series - 2016 C03 (Class 2M2)
	2,164,100	i	Connecticut Avenue Securities		4.336		04/25/29		2,242
			Series - 2016 C06 (Class 1M2)
	2,858,301	i	Connecticut Avenue Securities		0.936		09/25/29		2,793
			Series - 2017 C02 (Class 2ED4)
	2,635,607	i	Connecticut Avenue Securities		1.436		09/25/29		2,652
			Series - 2017 C02 (Class 2ED3)
	666,824	i	Connecticut Avenue Securities		2.286		01/25/30		667
			Series - 2017 C05 (Class 1M2A)
	611,978	i	Connecticut Avenue Securities		2.286		01/25/30		625
			Series - 2017 C05 (Class 1M2)
	1,813,999	i	Connecticut Avenue Securities		0.936		10/25/30		1,809
			Series - 2018 C03 (Class 1EA2)
	459,010	i	Connecticut Avenue Securities		2.636		12/25/30		467
			Series - 2018 C04 (Class 2M2)
	2,000,000	g,i	CPT Mortgage Trust		3.097		11/13/39		1,955
			Series - 2019 CPT (Class E)
	7,400,000	g,i	Credit Suisse Commercial Mortgage Trust		3.854		11/10/32		7,842
			Series - 2017 CALI (Class B)
	1,545,030	g,i	Credit Suisse Commercial Mortgage Trust		1.236		05/25/36		1,547
			Series - 2006 CF2 (Class M3)
	5,967,950	g,i	Credit Suisse Commercial Mortgage Trust		3.500		02/25/48		6,098
			Series - 2018 J1 (Class A11)
	1,910,000	g,i	Credit Suisse Mortgage Capital Certificates		1.684		05/15/36		1,915
			Series - 2019 ICE4 (Class D)
	4,270,400	g,i	CSMC Series		3.388		10/25/59		4,346
			Series - 2019 NQM1 (Class M1)
	9,250,000		DBGS Mortgage Trust		4.466		10/15/51		10,733
			Series - 2018 C1 (Class A4)
	10,825,571		DBJPM Mortgage Trust		2.756		08/10/49		11,261
			Series - 2016 C3 (Class ASB)
	10,000,000		DBJPM Mortgage Trust		3.121		06/10/50		10,646
			Series - 2017 C6 (Class ASB)
	5,300,000		DBJPM Mortgage Trust		2.340		08/15/53		5,306
			Series - 2020 C9 (Class AM)
	17,410,000	g	DBUBS Mortgage Trust		3.452		10/10/34		18,463
			Series - 2017 BRBK (Class A)
	15,500,000	g,i	DBUBS Mortgage Trust		3.648		10/10/34		16,342
			Series - 2017 BRBK (Class B)
	1,561,009	i	Fieldstone Mortgage Investment Trust		0.821		12/25/35		1,559
			Series - 2005 2 (Class M2)

345

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	647,792	g,i	FirstKey Mortgage Trust		3.500	%	11/25/44	$	659
			Series - 2014 1 (Class A8)
	2,509,410	g,i	Flagstar Mortgage Trust		4.103		10/25/47		2,519
			Series - 2017 2 (Class B3)
	400,674	g,i	Flagstar Mortgage Trust		4.000		09/25/48		403
			Series - 2018 5 (Class A11)
	3,643,327	g,i	Flagstar Mortgage Trust		2.500		04/25/51		3,649
			Series - 2021 2 (Class A4)
	10,400,787	g,i	Flagstar Mortgage Trust		2.500		06/01/51		10,441
			Series - 2021 4 (Class A21)
	5,725,000	g,i	Freddie Mac STACR REMIC Trust		2.100		12/25/33		5,777
			Series - 2021 HQA2 (Class M2)
	3,975,000	g,i	Freddie Mac STACR REMIC Trust		1.700		01/25/34		4,007
			Series - 2021 DNA5 (Class M2)
	223,208	g,i	Freddie Mac Structured Agency Credit Risk Debt Notes		3.728		02/25/48		223
			Series - 2018 SPI1 (Class M2)
	2,640,000	g,i	Freddie Mac Structured Agency Credit Risk Debt Notes		4.050		11/25/50		2,774
			Series - 2020 HQA5 (Class B1)
	750,000	g,i	FREMF Mortgage Trust		4.159		03/25/49		821
			Series - 2016 K53 (Class B)
	1,085,046	g,i	GS Mortage-Backed Securities Trust		3.718		05/25/50		1,103
			Series - 2020 PJ1 (Class B2)
	5,943,000	g	GS Mortgage Securities Corp II		3.551		04/10/34		5,984
			Series - 2012 ALOH (Class A)
	4,430,000	g	GS Mortgage Securities Corp II		2.954		11/05/34		4,497
			Series - 2012 BWTR (Class A)
	2,500,000	g,i	GS Mortgage Securities Corp II		3.599		09/10/37		2,649
			Series - 2017 375H (Class B)
	1,350,000	i	GS Mortgage Securities Corp II		3.777		05/10/50		1,445
			Series - 2015 GC30 (Class AS)
	3,500,000	i	GS Mortgage Securities Corp II		4.155		07/10/51		3,988
			Series - 2018 GS10 (Class A5)
	5,235,000	g,i	GS Mortgage Securities Corp Trust		1.684		07/15/31		5,129
			Series - 2018 TWR (Class D)
	2,000,000	g,i	GS Mortgage Securities Trust		1.534		07/15/31		1,975
			Series - 2018 TWR (Class C)
	1,100,000		GS Mortgage Securities Trust		4.740		05/10/45		1,120
			Series - 2012 GCJ7 (Class B)
	1,027,582		GS Mortgage Securities Trust		3.206		02/10/48		1,068
			Series - 2015 GC28 (Class AAB)
	2,816,500		GS Mortgage Securities Trust		3.396		02/10/48		3,016
			Series - 2015 GC28 (Class A5)
	2,000,000	i	GS Mortgage Securities Trust		4.018		07/10/48		2,171
			Series - 2015 GC32 (Class AS)
	2,873,189		GS Mortgage Securities Trust		3.278		10/10/48		3,016
			Series - 2015 GC34 (Class AAB)
	2,000,000		GS Mortgage Securities Trust		3.143		10/10/49		2,115
			Series - 2016 GS3 (Class AS)
	2,000,000		GS Mortgage Securities Trust		3.674		03/10/50		2,205
			Series - 2017 GS5 (Class A4)
	4,150,000	i	GS Mortgage Securities Trust		3.826		03/10/50		4,522
			Series - 2017 GS5 (Class AS)

346

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	1,750,000	i	GS Mortgage Securities Trust		4.047	%	03/10/50	$	1,902
			Series - 2017 GS5 (Class B)
	12,000,000		GS Mortgage Securities Trust		3.230		05/10/50		12,779
			Series - 2017 GS6 (Class AAB)
	6,000,000		GS Mortgage Securities Trust		3.433		05/10/50		6,555
			Series - 2017 GS6 (Class A3)
	1,691,000	i	GS Mortgage Securities Trust		4.165		05/10/50		1,818
			Series - 2015 GC30 (Class B)
	4,000,000	i	GS Mortgage Securities Trust		4.209		05/10/50		4,223
			Series - 2015 GC30 (Class C)
	3,000,000		GS Mortgage Securities Trust		3.837		11/10/50		3,309
			Series - 2017 GS8 (Class ABP)
	1,374,000	i	GS Mortgage Securities Trust		4.480		11/10/50		1,480
			Series - 2017 GS8 (Class C)
	3,145,000		GS Mortgage Securities Trust		3.968		02/10/52		3,569
			Series - 2019 GC38 (Class A4)
	3,050,000	i	GS Mortgage Securities Trust		4.158		02/10/52		3,423
			Series - 2019 GC38 (Class AS)
	2,000,000	g,i	GS Mortgage Securities Trust		3.668		07/10/52		2,068
			Series - 2019 GC40 (Class DBC)
	2,500,000	i	GS Mortgage Securities Trust		3.173		02/13/53		2,649
			Series - 2020 GC45 (Class AS)
	505,240	g,i	GS Mortgage-Backed Securities Corp Trust		4.000		11/25/49		507
			Series - 2019 PJ2 (Class A1)
	1,319,786	g,i	GS Mortgage-Backed Securities Corp Trust		4.000		11/25/49		1,323
			Series - 2019 PJ2 (Class A4)
	1,625,113	g,i	GS Mortgage-Backed Securities Corp Trust		3.500		07/25/50		1,649
			Series - 2020 PJ2 (Class A4)
	1,429,010	g,i	GS Mortgage-Backed Securities Corp Trust		3.000		01/25/51		1,452
			Series - 2020 PJ4 (Class A4)
	1,057,969	i	GS Mortgage-Backed Securities Corp Trust		3.000		03/27/51		1,078
			Series - 2020 PJ5 (Class A4)
	7,292,473	g,i	GS Mortgage-Backed Securities Corp Trust		2.500		10/25/51		7,307
			Series - 2021 PJ5 (Class A4)
	1,307,344	g,i	GS Mortgage-Backed Securities Trust		2.500		07/25/51		1,307
			Series - 2021 PJ2 (Class A4)
	11,609,257	g,i	GS Mortgage-Backed Securities Trust		2.500		01/25/52		11,642
			Series - 2021 PJ8 (Class A4)
	25,035,765	g,i	GS Mortgage-Backed Securities Trust		2.500		01/25/52		25,107
			Series - 2021 PJ7 (Class A4)
	20,662,579	g,i	GS MortSecurities Trust		2.500		11/25/51		20,715
			Series - 2021 PJ6 (Class A4)
	2,216,690	i	HarborView Mortgage Loan Trust		0.707		08/19/45		2,243
			Series - 2005 11 (Class 2A1A)
	6,000,000	g	Hudson Yards Mortgage Trust		2.835		08/10/38		6,342
			Series - 2016 10HY (Class A)
	2,500,000	g,i	Hudson Yards Mortgage Trust		3.076		08/10/38		2,626
			Series - 2016 10HY (Class B)
	7,250,000	g,i	Hudson Yards Mortgage Trust		3.076		08/10/38		7,608
			Series - 2016 10HY (Class C)
	5,500,000	g,i	Hudson Yards Mortgage Trust		3.041		12/10/41		5,549
			Series - 2019 55HY (Class D)

347

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	2,750,000	g,i	Hudson Yards Mortgage Trust		3.041	%	12/10/41	$	2,706
			Series - 2019 55HY (Class E)
	384,844	i	Impac CMB Trust		0.746		03/25/35		396
			Series - 2004 11 (Class 2A1)
	5,565,162	g,i	Imperial Fund Mortgage Trust		2.051		10/25/55		5,603
			Series - 2020 NQM1 (Class A3)
	1,043,500	g,i	Imperial Fund Mortgage Trust		3.531		10/25/55		1,068
			Series - 2020 NQM1 (Class M1)
	1,000,000	g,i	JP Morgan Chase Commercial Mortgage Securities Corp		4.767		07/05/31		1,046
			Series - 2018 AON (Class D)
	10,975,000	g,i	JP Morgan Chase Commercial Mortgage Securities Corp		5.360		02/15/46		10,195
			Series - 2011 C3 (Class C)
	3,697,250	g,i	JP Morgan Chase Commercial Mortgage Securities Corp		5.575		07/15/46		3,846
			Series - 2011 C4 (Class C)
	2,800,000		JP Morgan Chase Commercial Mortgage Securities Corp		3.372		12/15/47		2,887
			Series - 2013 C10 (Class AS)
	1,780,000		JP Morgan Chase Commercial Mortgage Securities Corp		3.914		01/15/49		1,957
			Series - 2015 JP1 (Class A5)
	750,000	i	JP Morgan Chase Commercial Mortgage Securities Corp		4.119		01/15/49		818
			Series - 2015 JP1 (Class AS)
	6,633,122		JP Morgan Chase Commercial Mortgage Securities Corp		2.713		08/15/49		6,895
			Series - 2016 JP2 (Class ASB)
	4,500,000		JP Morgan Chase Commercial Mortgage Securities Corp		3.379		09/15/50		4,712
			Series - 2017 JP7 (Class A3)
	150,000	i	JP Morgan Chase Commercial Mortgage Securities Trust		4.213		01/15/46		158
			Series - 2013 C13 (Class AS)
	5,646,497	g,i	JP Morgan Mortgage Trust		2.103		12/25/44		5,753
			Series - 2015 1 (Class B1)
	346,599	g,i	JP Morgan Mortgage Trust		3.500		05/25/45		351
			Series - 2015 3 (Class A19)
	3,175,521	g,i	JP Morgan Mortgage Trust		3.500		10/25/45		3,203
			Series - 2015 6 (Class A13)
	695,025	g,i	JP Morgan Mortgage Trust		3.500		05/25/46		704
			Series - 2016 1 (Class A13)
	1,734,870	g,i	JP Morgan Mortgage Trust		3.500		05/25/47		1,762
			Series - 2017 2 (Class A13)
	1,900,709	g,i	JP Morgan Mortgage Trust		3.500		09/25/48		1,915
			Series - 2018 3 (Class A13)
	757,630	g,i	JP Morgan Mortgage Trust		3.500		10/25/48		770
			Series - 2018 4 (Class A13)
	3,253,550	g,i	JP Morgan Mortgage Trust		3.500		10/25/48		3,324
			Series - 2018 5 (Class A13)
	2,117,279	g,i	JP Morgan Mortgage Trust		3.090		10/26/48		2,203
			Series - 2017 5 (Class A2)

348

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	613,587	g,i	JP Morgan Mortgage Trust		4.000	%	01/25/49	$	619
			Series - 2018 8 (Class A13)
	1,463,269	g,i	JP Morgan Mortgage Trust		4.000		02/25/49		1,479
			Series - 2018 9 (Class A13)
	805,368	g,i	JP Morgan Mortgage Trust		4.000		05/25/49		818
			Series - 2019 1 (Class A3)
	1,478,201	g,i	JP Morgan Mortgage Trust		4.000		05/25/49		1,499
			Series - 2019 1 (Class A15)
	1,518,647	g,i	JP Morgan Mortgage Trust		4.689		09/25/49		1,544
			Series - 2019 3 (Class B1)
	2,777,892	g,i	JP Morgan Mortgage Trust		1.036		10/25/49		2,792
			Series - 2019 INV1 (Class A11)
	6,909,220	g,i	JP Morgan Mortgage Trust		3.869		06/25/50		7,087
			Series - 2020 1 (Class B2)
	11,580,707	g,i	JP Morgan Mortgage Trust		2.500		10/25/51		11,603
			Series - 2021 6 (Class A15)
	6,186,175	g,i	JP Morgan Mortgage Trust		2.500		11/25/51		6,214
			Series - 2021 7 (Class A15)
	7,620,865	g,i	JP Morgan Mortgage Trust		2.500		12/25/51		7,660
			Series - 2021 8 (Class A15)
	732,770	i	JPMBB Commercial Mortgage Securities Trust		4.133		08/15/46		763
			Series - 2013 C14 (Class A4)
	1,350,000		JPMBB Commercial Mortgage Securities Trust		3.775		08/15/47		1,448
			Series - 2014 C21 (Class A5)
	5,000,000		JPMBB Commercial Mortgage Securities Trust		3.997		08/15/47		5,340
			Series - 2014 C21 (Class AS)
	2,000,000	i	JPMBB Commercial Mortgage Securities Trust		4.633		09/15/47		2,131
			Series - 2014 C23 (Class B)
	3,000,000		JPMBB Commercial Mortgage Securities Trust		3.898		02/15/48		3,177
			Series - 2015 C27 (Class B)
	2,556,000		JPMBB Commercial Mortgage Securities Trust		3.611		05/15/48		2,741
			Series - 2015 C29 (Class A4)
	2,500,000	i	JPMBB Commercial Mortgage Securities Trust		3.917		05/15/48		2,685
			Series - 2015 C29 (Class AS)
	1,600,000	i	JPMBB Commercial Mortgage Securities Trust		4.118		05/15/48		1,683
			Series - 2015 C29 (Class B)
	3,500,000		JPMBB Commercial Mortgage Securities Trust		4.106		08/15/48		3,805
			Series - 2015 C31 (Class AS)
	9,952,000	i	JPMBB Commercial Mortgage Securities Trust		4.773		08/15/48		10,841
			Series - 2015 C31 (Class B)
	4,610,000		JPMBB Commercial Mortgage Securities Trust		3.576		03/15/49		5,016
			Series - 2016 C1 (Class A5)
	1,820,000	i	JPMBB Commercial Mortgage Securities Trust		4.891		03/15/49		1,975
			Series - 2016 C1 (Class C)
	4,750,000		JPMCC Commercial Mortgage Securities Trust		3.457		03/15/50		5,096
			Series - 2017 JP5 (Class A4)
	1,220,000		JPMCC Commercial Mortgage Securities Trust		3.549		03/15/50		1,306
			Series - 2017 JP5 (Class ASB)
	1,000,000	i	JPMDB Commercial Mortgage Securities Trust		3.199		12/15/49		1,008
			Series - 2016 C4 (Class C)
	3,000,000		JPMDB Commercial Mortgage Securities Trust		3.694		03/15/50		3,291
			Series - 2017 C5 (Class A5)
	9,000,000		JPMDB Commercial Mortgage Securities Trust		2.536		05/13/53		9,213
			Series - 2020 COR7 (Class AS)

349

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	3,289,268	g	Ladder Capital Commercial Mortgage Securities		3.575	%	02/15/36	$	3,499
			Series - 2013 GCP (Class A1)
	5,000,000	g	Ladder Capital Commercial Mortgage Securities		3.357		07/12/50		5,340
			Series - 2017 LC26 (Class ASB)
	600,000	g,i	Last Mile Logistics Pan Euro Finance DAC		1.000		08/17/33		696
			Series - 2021 1A (Class E)
	7,250,000	g	Liberty Street Trust		3.597		02/10/36		7,834
			Series - 2016 225L (Class A)
	4,000,000	g,i	MAD Mortgage Trust		3.294		08/15/34		4,081
			Series - 2017 330M (Class A)
	1,500,000	g,i	Manhattan West		2.413		09/10/39		1,524
			Series - 2020 1MW (Class B)
	3,000,000	g,i	Manhattan West		2.413		09/10/39		3,019
			Series - 2020 1MW (Class C)
	742,603	i	Merrill Lynch Mortgage Investors Trust		2.278		01/25/37		726
			Series - 2006 WMC1 (Class A1B)
	891,037		Morgan Stanley Bank of America Merrill Lynch Trust		2.469		02/15/46		901
			Series - 2013 C7 (Class AAB)
	2,821,010	g	Morgan Stanley Bank of America Merrill Lynch Trust		3.989		12/15/46		3,005
			Series - 2014 C19 (Class LNC1)
	929,493	g	Morgan Stanley Bank of America Merrill Lynch Trust		4.384		12/15/46		989
			Series - 2014 C19 (Class LNC2)
	4,650,000		Morgan Stanley Bank of America Merrill Lynch Trust		3.832		12/15/47		4,970
			Series - 2014 C19 (Class AS)
	1,600,000		Morgan Stanley Bank of America Merrill Lynch Trust		3.605		02/15/48		1,699
			Series - 2015 C20 (Class AS)
	1,250,000	i	Morgan Stanley Bank of America Merrill Lynch Trust		4.600		02/15/48		1,304
			Series - 2015 C20 (Class C)
	2,500,000		Morgan Stanley Bank of America Merrill Lynch Trust		3.338		03/15/48		2,656
			Series - 2015 C21 (Class A4)
	6,500,000		Morgan Stanley Bank of America Merrill Lynch Trust		3.652		03/15/48		6,844
			Series - 2015 C21 (Class AS)
	3,000,000		Morgan Stanley Bank of America Merrill Lynch Trust		3.561		04/15/48		3,153
			Series - 2015 C22 (Class AS)
	579,640	i	Morgan Stanley Capital I Trust		0.911		08/25/34		575
			Series - 2004 HE6 (Class M1)
	2,795,000	i	Morgan Stanley Capital I Trust		3.779		05/15/48		3,034
			Series - 2015 MS1 (Class A4)
	617,703	†,i	Morgan Stanley Capital I Trust		6.470		12/12/49		371
			Series - 2007 IQ16 (Class AJ)
	421,353	†,i	Morgan Stanley Capital I Trust		6.470		12/12/49		253
			Series - 2007 IQ16 (Class AJFX)

350

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	6,000,000		Morgan Stanley Capital I Trust		3.304	%	06/15/50	$	6,375
			Series - 2017 H1 (Class ASB)
	1,458,000		Morgan Stanley Capital I Trust		3.587		12/15/50		1,609
			Series - 2017 HR2 (Class A4)
	8,750,000		Morgan Stanley Capital I Trust		4.177		07/15/51		9,910
			Series - 2018 H3 (Class A5)
	2,840,000	i	Morgan Stanley Capital I Trust		4.429		07/15/51		3,224
			Series - 2018 H3 (Class AS)
	5,027,114		Morgan Stanley Capital I Trust		4.310		12/15/51		5,795
			Series - 2018 H4 (Class A4)
	3,000,000	g,i	MSDB Trust		3.427		07/11/39		3,188
			Series - 2017 712F (Class A)
	1,200,000	g,i	Natixis Commercial Mortgage Securities Trust		3.917		11/15/32		1,228
			Series - 2018 285M (Class A)
	15,010,000	g,i	Natixis Commercial Mortgage Securities Trust		1.584		07/15/36		15,006
			Series - 2019 MILE (Class A)
	5,000,000	g,i	Natixis Commercial Mortgage Securities Trust		1.884		07/15/36		4,999
			Series - 2019 MILE (Class B)
	5,000,000	g,i	Natixis Commercial Mortgage Securities Trust		2.834		07/15/36		4,999
			Series - 2019 MILE (Class D)
	5,000,000	g	Natixis Commercial Mortgage Securities Trust		2.507		10/15/36		5,007
			Series - 2019 1776 (Class A)
	2,000,000	g	Natixis Commercial Mortgage Securities Trust		2.966		12/15/38		2,087
			Series - 2020 2PAC (Class A)
	309,989	g,i	New Residential Mortgage Loan Trust		3.750		05/28/52		326
			Series - 2015 1A (Class A3)
	88,268	g,i	New Residential Mortgage Loan Trust		4.000		08/27/57		94
			Series - 2017 6A (Class A1)
	2,201,382	g,i	New Residential Mortgage Loan Trust		2.797		09/25/59		2,214
			Series - 2019 NQM4 (Class A3)
	980,000	g,i	New Residential Mortgage Loan Trust		2.986		09/25/59		982
			Series - 2019 NQM4 (Class M1)
	545,456	i	New York Mortgage Trust		0.566		02/25/36		550
			Series - 2005 3 (Class A1)
	1,825,000	g,i	NLT Trust		2.569		08/25/56		1,802
			Series - 2021 INV2 (Class M1)
	1,357,272	g,i	OBX Trust		0.736		06/25/57		1,358
			Series - 2018 1 (Class A2)
	3,859,513	g,i	Oceanview Mortgage Trust		2.500		05/25/51		3,872
			Series - 2021 1 (Class A19)
	5,120,000	g	One Bryant Park Trust		2.516		09/15/54		5,269
			Series - 2019 OBP (Class A)
	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		2,015
			Series - 2013 SMV (Class B)
	913,806	g,i	Sequoia Mortgage Trust		3.500		05/25/45		930
			Series - 2015 2 (Class A1)
	812,863	g,i	Sequoia Mortgage Trust		3.500		06/25/46		828
			Series - 2016 1 (Class A19)
	198,322	g,i	Sequoia Mortgage Trust		3.500		11/25/46		199
			Series - 2016 3 (Class A10)
	71,110	g,i	Sequoia Mortgage Trust		3.500		02/25/47		71
			Series - 2017 2 (Class A4)

351

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	230,940	g,i	Sequoia Mortgage Trust		3.500	%	02/25/47	$	235
			Series - 2017 2 (Class A19)
	70,028	g,i	Sequoia Mortgage Trust		3.500		04/25/47		71
			Series - 2017 3 (Class A19)
	2,230,625	g,i	Sequoia Mortgage Trust		3.764		09/25/47		2,276
			Series - 2017 6 (Class B1)
	533,455	g,i	Sequoia Mortgage Trust		3.500		02/25/48		542
			Series - 2018 2 (Class A1)
	100,652	g,i	Sequoia Mortgage Trust		3.500		02/25/48		102
			Series - 2018 2 (Class A19)
	1,903,971	g,i	Sequoia Mortgage Trust		3.500		03/25/48		1,930
			Series - 2018 3 (Class A1)
	256,697	g,i	Sequoia Mortgage Trust		4.000		09/25/48		260
			Series - 2018 7 (Class A19)
	275,547	g,i	Sequoia Mortgage Trust		4.000		11/25/48		278
			Series - 2018 8 (Class A19)
	645,337	g,i	Sequoia Mortgage Trust		4.000		06/25/49		655
			Series - 2019 2 (Class A19)
	2,051,102	g,i	Sequoia Mortgage Trust		4.000		06/25/49		2,082
			Series - 2019 2 (Class A1)
	3,164,155	g,i	Sequoia Mortgage Trust		3.500		11/25/49		3,190
			Series - 2019 4 (Class A1)
	4,297,764	g,i	Sequoia Mortgage Trust		3.500		12/25/49		4,357
			Series - 2019 5 (Class A1)
	2,481,597	g,i	Sequoia Mortgage Trust		3.500		12/25/49		2,509
			Series - 2019 5 (Class A19)
	3,855,653	g,i	Sequoia Mortgage Trust		3.500		03/25/50		3,948
			Series - 2020 2 (Class A1)
	8,840,572	g,i	Sequoia Mortgage Trust		3.000		04/25/50		9,003
			Series - 2020 3 (Class A19)
	6,497,249	g,i	Sequoia Mortgage Trust		2.500		06/25/51		6,518
			Series - 2021 4 (Class A19)
	74,677	g,i	Shellpoint Co-Originator Trust		3.500		11/25/46		75
			Series - 2016 1 (Class 1A10)
	740,214	g,i	Shellpoint Co-Originator Trust		3.500		04/25/47		750
			Series - 2017 1 (Class A19)
	20,000,000	g	SLG Office Trust		2.585		07/15/41		20,673
			Series - 2021 OVA (Class A)
	26,865,000	g	SLG Office Trust		2.851		07/15/41		26,826
			Series - 2021 OVA (Class D)
	1,231,585	i	Structured Agency Credit Risk Debt Note (STACR)		1.286		10/25/29		1,232
			Series - 2017 DNA2 (Class M1)
	3,410,000	g,i	STACR		2.300		08/25/33		3,451
			Series - 2021 HQA1 (Class M2)
	7,082,000	g,i	STACR		2.150		10/25/33		7,226
			Series - 2021 DNA3 (Class M2)
	350,000	g,i	Taurus UK DAC		1.349		05/17/31		472
			Series - 2021 UK1A (Class B)
	510,000	g,i	Taurus UK DAC		1.699		05/17/31		688
			Series - 2021 UK1A (Class C)
	12,548,000		UBS Commercial Mortgage Trust		3.256		06/15/50		13,307
			Series - 2017 C1 (Class ASB)

352

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	2,000,000		UBS Commercial Mortgage Trust		3.366	%	10/15/50	$	2,140
			Series - 2017 C4 (Class ASB)
	4,000,000		UBS-Barclays Commercial Mortgage Trust		2.850		12/10/45		4,075
			Series - 2012 C4 (Class A5)
	645,697	g	Verus Securitization Trust		2.938		07/25/59		649
			Series - 2019 3 (Class A2)
	2,150,000	g,i	Verus Securitization Trust		3.139		07/25/59		2,161
			Series - 2019 3 (Class M1)
	2,070,000	g,i	Verus Securitization Trust		3.207		11/25/59		2,102
			Series - 2019 4 (Class M1)
	2,482,003	g	Verus Securitization Trust		1.733		05/25/65		2,493
			Series - 2020 5 (Class A3)
	841,517	g	VSE VOI Mortgage LLC		2.540		07/20/33		841
			Series - 2016 A (Class A)
	645,082	g	VSE VOI Mortgage LLC		2.740		07/20/33		645
			Series - 2016 A (Class B)
	2,617,371	g	VSE VOI Mortgage LLC		2.330		03/20/35		2,673
			Series - 2017 A (Class A)
	8,200,000		Wells Fargo Commercial Mortgage Trust		3.539		10/15/45		8,389
			Series - 2012 LC5 (Class AS)
	1,740,030		Wells Fargo Commercial Mortgage Trust		3.405		12/15/47		1,864
			Series - 2014 LC18 (Class A5)
	990,000		Wells Fargo Commercial Mortgage Trust		3.406		05/15/48		1,048
			Series - 2015 NXS1 (Class AS)
	2,000,000	i	Wells Fargo Commercial Mortgage Trust		3.658		05/15/48		2,123
			Series - 2015 NXS1 (Class B)
	1,724,000	i	Wells Fargo Commercial Mortgage Trust		4.284		05/15/48		1,764
			Series - 2015 NXS1 (Class D)
	2,566,000		Wells Fargo Commercial Mortgage Trust		3.637		06/15/48		2,783
			Series - 2015 C29 (Class A4)
	9,480,030		Wells Fargo Commercial Mortgage Trust		2.788		07/15/48		9,869
			Series - 2016 C35 (Class ASB)
	14,738,829		Wells Fargo Commercial Mortgage Trust		2.514		08/15/49		15,264
			Series - 2016 BNK1 (Class ASB)
	14,515,984		Wells Fargo Commercial Mortgage Trust		2.825		10/15/49		15,127
			Series - 2016 LC24 (Class ASB)
	117,877		Wells Fargo Commercial Mortgage Trust		2.749		03/15/50		118
			Series - 2017 RB1 (Class A2)
	872,111		Wells Fargo Commercial Mortgage Trust		3.635		03/15/50		960
			Series - 2017 RB1 (Class A5)
	2,000,000		Wells Fargo Commercial Mortgage Trust		3.757		03/15/50		2,183
			Series - 2017 RB1 (Class AS)
	1,825,000		Wells Fargo Commercial Mortgage Trust		3.184		04/15/50		1,946
			Series - 2015 LC20 (Class A5)
	15,000,000		Wells Fargo Commercial Mortgage Trust		3.261		07/15/50		15,915
			Series - 2017 C38 (Class ASB)
	2,197,255	i	Wells Fargo Commercial Mortgage Trust		3.903		07/15/50		2,333
			Series - 2017 C38 (Class C)
	10,000,000		Wells Fargo Commercial Mortgage Trust		3.212		09/15/50		10,638
			Series - 2017 C39 (Class ASB)
	4,710,000		Wells Fargo Commercial Mortgage Trust		4.302		01/15/52		5,417
			Series - 2018 C48 (Class A5)
	4,000,000	i	Wells Fargo Commercial Mortgage Trust		3.767		07/15/58		4,355
			Series - 2015 NXS2 (Class A5)

353

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	1,000,000	i	Wells Fargo Commercial Mortgage Trust		4.435	%	07/15/58	$	1,087
			Series - 2015 NXS2 (Class B)
	3,800,000		Wells Fargo Commercial Mortgage Trust		3.560		01/15/59		4,132
			Series - 2016 C32 (Class A4)
	6,000,000		Wells Fargo Commercial Mortgage Trust		3.749		03/15/59		6,475
			Series - 2016 C33 (Class AS)
	650,000		Wells Fargo Commercial Mortgage Trust		2.933		11/15/59		682
			Series - 2016 C36 (Class ASB)
	618,779	g,i	Wells Fargo Mortgage Backed Securities Trust		4.000		04/25/49		621
			Series - 2019 2 (Class A17)
	4,441,135	g,i	Wells Fargo Mortgage Backed Securities Trust		3.500		09/25/49		4,505
			Series - 2019 4 (Class A1)
	1,042,248	g,i	Wells Fargo Mortgage Backed Securities Trust		3.000		07/25/50		1,059
			Series - 2020 4 (Class A17)
	13,175,000	g,i	Wells Fargo Mortgage Backed Securities Trust		2.500		06/25/51		13,182
			Series - 2021 2 (Class A17)
	1,770,000		WFRBS Commercial Mortgage Trust		3.345		05/15/45		1,825
			Series - 2013 C13 (Class AS)
	4,073,170	i	WFRBS Commercial Mortgage Trust		4.079		03/15/46		4,316
			Series - 2013 UBS1 (Class A4)
	1,050,000	i	WFRBS Commercial Mortgage Trust		4.162		12/15/46		1,123
			Series - 2013 C18 (Class A5)
	2,185,281		WFRBS Commercial Mortgage Trust		3.995		05/15/47		2,341
			Series - 2014 C20 (Class A5)
	3,865,000		WFRBS Commercial Mortgage Trust		3.607		11/15/47		4,122
			Series - 2014 C24 (Class A5)
	8,000,000		WFRBS Commercial Mortgage Trust		3.560		03/15/48		8,294
			Series - 2013 C12 (Class AS)
	455,358	g,i	WinWater Mortgage Loan Trust		3.856		06/20/44		458
			Series - 2014 1 (Class B4)
			TOTAL OTHER MORTGAGE BACKED						1,232,953
			TOTAL STRUCTURED ASSETS						2,314,820
			(Cost $2,284,015)
			TOTAL BONDS						13,495,571
			(Cost $13,081,233)

SHARES			COMPANY
COMMON STOCKS - 0.0%
TELECOMMUNICATION SERVICES - 0.0%
	52,000	*	Oi S.A. (ADR)	47
			TOTAL TELECOMMUNICATION SERVICES	47
			TOTAL COMMON STOCKS	47
			(Cost $462)

354

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

SHARES			COMPANY	VALUE (000)
PREFERRED STOCKS - 0.1%
BANKS - 0.1%
	328,800	e	Bank of America Corp	$	8,664
	470,597	*	Federal Home Loan Mortgage Corp		1,125
	1,527,061	*	Federal National Mortgage Association		3,970
	208,000		JPMorgan Chase & Co		5,429
			TOTAL BANKS		19,188
			TOTAL PREFERRED STOCKS		19,188
			(Cost $63,411)

PRINCIPAL		ISSUER	RATE			MATURITY DATE
SHORT-TERM INVESTMENTS - 15.4%
GOVERNMENT AGENCY DEBT - 13.8%
$	10,000,000	Federal Agricultural Mortgage Corp (FAMC)		0.000	%	10/20/21	10,000
	15,000,000	FAMC		0.000		11/30/21	14,999
	25,000,000	FAMC		0.000		12/15/21	24,998
	25,000,000	FAMC		0.000		12/16/21	24,998
	7,000,000	FAMC		0.000		08/26/22	6,995
	13,000,000	Federal Farm Credit Bank (FFCB)		0.000		10/20/21	13,000
	6,000,000	FFCB		0.000		11/04/21	6,000
	690,000	FFCB		0.000		01/03/22	690
	6,000,000	FFCB		0.000		01/24/22	5,999
	24,000,000	FFCB		0.000		01/25/22	23,997
	10,000,000	FFCB		0.000		01/26/22	9,999
	8,000,000	FFCB		0.000		02/07/22	7,999
	10,000,000	FFCB		0.000		02/10/22	9,998
	10,000,000	FFCB		0.000		02/11/22	9,998
	33,334,000	FFCB		0.000		02/15/22	33,328
	12,500,000	FFCB		0.000		03/01/22	12,497
	12,500,000	FFCB		0.000		03/02/22	12,497
	20,000,000	FFCB		0.000		03/11/22	19,995
	11,627,000	FFCB		0.000		03/17/22	11,624
	20,000,000	FFCB		0.000		03/23/22	19,995
	5,000,000	FFCB		0.000		04/11/22	4,998
	13,750,000	FFCB		0.000		05/27/22	13,745
	7,000,000	FFCB		0.000		06/16/22	6,997
	10,000,000	FFCB		0.000		07/06/22	9,994
	11,000,000	FFCB		0.000		07/25/22	10,993
	187,620,000	Federal Home Loan Bank (FHLB)		0.000		10/06/21	187,619
	27,600,000	FHLB		0.000		10/08/21	27,600
	58,986,000	FHLB		0.000		10/13/21	58,986
	15,000,000	FHLB		0.000		10/14/21	15,000
	20,030,000	FHLB		0.000		10/18/21	20,030
	237,381,000	FHLB		0.000		10/20/21	237,378
	83,430,000	FHLB		0.000		10/27/21	83,429
	73,845,000	FHLB		0.000		10/29/21	73,844
	81,752,000	FHLB		0.000		11/03/21	81,749
	89,100,000	FHLB		0.000		11/05/21	89,096
	87,105,000	FHLB		0.000		11/10/21	87,101
	44,806,000	FHLB		0.000		11/12/21	44,804
	46,500,000	FHLB		0.000		11/17/21	46,498

355

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	20,625,000		FHLB		0.000	%	11/19/21	$	20,624
	59,000,000		FHLB		0.000		12/08/21		58,995
	7,885,000		FHLB		0.000		12/17/21		7,884
	36,452,000		FHLB		0.000		12/22/21		36,449
	25,000,000	h	FHLB		0.000		12/27/21		24,998
	20,317,000		FHLB		0.000		01/03/22		20,315
	50,000,000	h	FHLB		0.000		01/04/22		49,995
	25,000,000		FHLB		0.000		01/05/22		24,997
	20,000,000		FHLB		0.000		01/18/22		19,998
	25,000,000		FHLB		0.000		01/19/22		24,997
	40,000,000		FHLB		0.000		01/28/22		39,995
	50,000,000		FHLB		0.000		02/14/22		49,993
	25,000,000		FHLB		0.000		02/18/22		24,995
	25,000,000		FHLB		0.000		02/22/22		24,995
	27,562,000		FHLB		0.000		05/05/22		27,552
	25,000,000		FHLB		0.000		07/15/22		24,984
	30,000,000		FHLB		0.000		08/01/22		29,980
	15,000,000		FHLB		0.000		08/02/22		14,990
	8,000,000		FHLB		0.000		08/05/22		7,995
	18,000,000		FHLB		0.000		09/16/22		17,984
			TOTAL GOVERNMENT AGENCY DEBT						1,932,182
REPURCHASE AGREEMENT - 0.6%
	78,935,000	r	Fixed Income Clearing Corp (FICC)		0.010		10/01/21		78,935
			TOTAL REPURCHASE AGREEMENT						78,935
TREASURY DEBT - 0.7%
EGP	49,700,000		Egypt Treasury Bill		0.000		11/16/21		3,120
EGP	29,100,000		Egypt Treasury Bills		0.000		03/15/22		1,752
UAH	16,000,000		Ukraine Treasury Bill		0.000		10/27/21		598
	30,664,000		United States Cash Management Bill		0.000		11/30/21		30,662
	7,495,000		United States Treasury Bill		0.000		10/28/21		7,494
	15,648,000		United States Treasury Bill		0.000		11/04/21		15,647
	40,000,000		United States Treasury Bill		0.000		08/11/22		39,975
			TOTAL TREASURY DEBT						99,248
U.S. GOVERNMENT AND AGENCIES DISCOUNT NOTES - 0.1%
	10,000,000		Federal Home Loan Bank (FHLB)		0.000		03/11/22		9,998
			TOTAL U.S. GOVERNMENT AND AGENCIES DISCOUNT NOTES						9,998
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.2%
	25,421,120	c	State Street Navigator Securities Lending Government Money Market Portfolio		0.030				25,421
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						25,421
			TOTAL SHORT-TERM INVESTMENTS						2,145,784
			(Cost $2,145,767)
			TOTAL INVESTMENTS - 112.7%						15,759,785
			(Cost $15,390,548)

356

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

	ISSUER	VALUE (000)
	OTHER ASSETS & LIABILITIES, NET - (12.7)%	$	(1,779,347	)
	NET ASSETS - 100.0%	$	13,980,438
	Abbreviation(s):
IRB	Interest Rate Reduction Bond
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
PHP	Philippine Peso
PLN	Polish Zloty
RON	Romanian Leu
REIT	Real Estate Investment Trust
REMIC	Real Estate Mortgage Investment Conduit
RSD	Serbian Dinar
RUB	Russian Ruble
SEK	Swedish Krona
SGD	Singapore Dollar
THB	Thai Baht
UAH	Ukrainian Hryvnia
UGX	Ugandan Shilling
UYU	Uruguayan Peso
W	Week
ZAR	South African Rand

357

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

*	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 $25,572,629.
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 9/30/21, the aggregate value of these securities is $2,749,140,338 or 19.7% 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
r	Agreement with Fixed Income Clearing Corporation, 0.010% dated 9/30/21 to be repurchased at $78,935,000 on 10/01/21, collateralized by U.S. Treasury Bonds valued at $80,513,772.

Cost amounts are in thousands.

Futures contracts outstanding as of September 30, 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		(2,000	)		12 /21/21	$	(295,808	)	$	(290,500	)	$	5,308
Chicago Board of Trade		(180	)		12 /21/21		(35,287	)		(34,391	)		896
Total		(2,180	)			$	(331,095	)	$	(324,891	)	$	6,204

Forward foreign currency contracts outstanding as of September 30, 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)
$	11	EUR	10	Australia and New Zealand Banking Group	10/29/21	$	0	^
$	340	EUR	288	Australia and New Zealand Banking Group	10/29/21		7
$	237	EUR	202	Australia and New Zealand Banking Group	10/29/21		3
$	1,753	NZD	2,523	Australia and New Zealand Banking Group	10/29/21		12
EUR	150	$	178	Australia and New Zealand Banking Group	10/29/21		(4	)
NZD	780	$	533	Australia and New Zealand Banking Group	10/29/21		5
Total						$	23
$	97,491	EUR	82,379	Bank of America, N.A.	10/29/21	$	2,014
$	4,751	AUD	6,454	Citibank N.A.	10/29/21	$	85
$	3,927	EUR	3,324	Citibank N.A.	10/25/21		74
$	287	EUR	245	Citibank N.A.	10/29/21		4
$	3	EUR	2	Citibank N.A.	10/29/21		0	^
$	45	GBP	33	Citibank N.A.	10/29/21		1
$	5,675	KRW	6,700,490	Citibank N.A.	10/29/21		20
$	1,240	THB	41,667	Citibank N.A.	10/29/21		9
EUR	250	$	293	Citibank N.A.	10/01/21		(4	)
EUR	408	$	480	Citibank N.A.	10/29/21		(8	)
$	450	ZAR	6,743	Citibank N.A.	10/29/21		4
Total						$	185

358

COLLEGE RETIREMENT EQUITIES FUND - Bond Market Account

Currency to be purchased	Receive	Currency to be sold	Deliver	Counterparty	Settlement date	Unrealized appreciation (depreciation)
$	735	GBP	535	Morgan Stanley Capital Services	10/29/21	$	14
$	2,888	NOK	25,697	Morgan Stanley Capital Services	10/29/21		(51	)
$	865	PLN	3,432	Morgan Stanley Capital Services	10/29/21		2
$	362	SEK	3,129	Morgan Stanley Capital Services	10/29/21		5
EUR	822	$	978	Morgan Stanley Capital Services	10/29/21		(26	)
Total						$	(56	)
$	7,676	CAD	9,650	Toronto Dominion Bank	10/29/21	$	57
$	19,716	CNY	127,670	Toronto Dominion Bank	10/29/21		(33	)
$	116	EUR	98	Toronto Dominion Bank	10/29/21		3
$	342	EUR	288	Toronto Dominion Bank	10/29/21		8
$	641	EUR	545	Toronto Dominion Bank	10/29/21		9
$	23,849	GBP	17,191	Toronto Dominion Bank	10/29/21		686
$	752	GBP	539	Toronto Dominion Bank	10/29/21		26
$	1,441	ILS	4,648	Toronto Dominion Bank	10/29/21		(2	)
$	32,064	JPY	3,513,086	Toronto Dominion Bank	10/29/21		492
EUR	362	$	426	Toronto Dominion Bank	10/29/21		(6	)
EUR	351	$	416	Toronto Dominion Bank	10/29/21		(9	)
Total						$	1,231
Total						$	3,397
^Amount represents less than $1,000.

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

Centrally cleared credit default swap contracts outstanding as of September 30, 2021 were as follows (notional amounts and values are in thousands):

PURCHASED

Reference entity	Terms of payments to be paid	Terms of payments to be received	Counterparty	Maturity date	Frequency of payments	Notional amount*		Value			Upfront premiums paid (received)			Variation margin		Unrealized appreciation (depreciation)
CDX-NAIGS37V1-5 Year Index	1.000%	Credit event as specified in contract	Citigroup Global Markets, Inc	12/20/26	Quarterly	$	75,000	$	(1,807	)	$	(1,749	)	$	40	$	(58	)

* The maximum potential amount the Account could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs is defined under the terms of that particular swap agreement. This amount may be reduced by any recoverable assets, if applicable.

359

COLLEGE RETIREMENT EQUITIES FUND - Inflation-Linked Bond Account

COLLEGE RETIREMENT EQUITIES FUND

INFLATION-LINKED BOND ACCOUNT

SCHEDULE OF INVESTMENTS (unaudited)

September 30, 2021

						MATURITY	VALUE
PRINCIPAL			ISSUER	RATE		DATE	(000)
GOVERNMENT BONDS -  99.5%
AGENCY SECURITIES - 0.3%
$	15,580,000		Montefiore Medical Center	2.895	%	04/20/32	$	16,924
	2,960,526		Reliance Industries Ltd	2.444		01/15/26		3,073
	5,000,000		United States International Development Finance Corp	1.490		08/15/31		5,065
			TOTAL AGENCY SECURITIES					25,062
MORTGAGE BACKED - 2.5%
	20,477,013		Government National Mortgage Association (GNMA)	3.600		09/15/31		21,604
	10,186,264		GNMA	3.650		02/15/32		10,965
	2,274,891		GNMA	3.380		07/15/35		2,403
	2,956,976		GNMA	3.870		10/15/36		3,177
	38,538,632		GNMA	1.730		07/15/37		38,639
	57,166,459		GNMA	4.250		09/15/38		61,325
	24,495,240		GNMA	1.650		07/15/42		24,127
	26,424,678		GNMA	2.750		01/15/45		28,137
			TOTAL MORTGAGE BACKED					190,377
U.S. TREASURY SECURITIES - 96.7%
	33,110,505	k	United States Treasury Inflation Indexed Bonds	0.125		04/15/22		33,573
	308,018,715	k	United States Treasury Inflation Indexed Bonds	0.125		07/15/22		315,438
	359,495,200	k	United States Treasury Inflation Indexed Bonds	0.125		01/15/23		371,652
	260,441,670	k	United States Treasury Inflation Indexed Bonds	0.625		04/15/23		272,514
	263,320,540	k	United States Treasury Inflation Indexed Bonds	0.375		07/15/23		277,412
	187,466,860	k	United States Treasury Inflation Indexed Bonds	0.625		01/15/24		200,011
	220,785,120	k	United States Treasury Inflation Indexed Bonds	0.500		04/15/24		235,783
	186,803,500	k	United States Treasury Inflation Indexed Bonds	0.125		07/15/24		199,427
	210,120,250	k	United States Treasury Inflation Indexed Bonds	0.125		10/15/24		224,779
	210,900,120	k	United States Treasury Inflation Indexed Bonds	0.250		01/15/25		226,578
	241,840,002	k	United States Treasury Inflation Indexed Bonds	2.375		01/15/25		277,603
	171,193,500	k	United States Treasury Inflation Indexed Bonds	0.125		04/15/25		183,652
	227,903,940	k	United States Treasury Inflation Indexed Bonds	0.375		07/15/25		248,679
	296,661,180	k	United States Treasury Inflation Indexed Bonds	0.125		10/15/25		320,993
	244,141,368	k	United States Treasury Inflation Indexed Bonds	0.625		01/15/26		269,462
	142,099,773	k	United States Treasury Inflation Indexed Bonds	2.000		01/15/26		165,709
	150,921,800	k	United States Treasury Inflation Indexed Bonds	0.125		04/15/26		163,375
	168,535,000	k	United States Treasury Inflation Indexed Bonds	0.125		07/15/26		183,846
	224,303,015	k	United States Treasury Inflation Indexed Bonds	0.375		01/15/27		247,630
	130,209,586	k	United States Treasury Inflation Indexed Bonds	2.375		01/15/27		158,400
	128,881,830	k	United States Treasury Inflation Indexed Bonds	0.375		07/15/27		143,366
	227,406,300	k	United States Treasury Inflation Indexed Bonds	0.500		01/15/28		254,585
	224,625,132	k	United States Treasury Inflation Indexed Bonds	1.750		01/15/28		270,273
	119,864,631	k	United States Treasury Inflation Indexed Bonds	3.625		04/15/28		160,246
	139,189,760	k	United States Treasury Inflation Indexed Bonds	0.750		07/15/28		159,363
	204,312,780	k	United States Treasury Inflation Indexed Bonds	0.875		01/15/29		236,053
	149,892,165	k	United States Treasury Inflation Indexed Bonds	2.500		01/15/29		191,975
	216,001,436	k	United States Treasury Inflation Indexed Bonds	3.875		04/15/29		301,274

360

COLLEGE RETIREMENT EQUITIES FUND - Inflation-Linked Bond Account

						MATURITY	VALUE
PRINCIPAL			ISSUER	RATE		DATE	(000)
$	199,549,570	k	United States Treasury Inflation Indexed Bonds	0.250	%	07/15/29	$	221,991
	164,444,150	k	United States Treasury Inflation Indexed Bonds	0.125		01/15/30		180,651
	130,415,950	k	United States Treasury Inflation Indexed Bonds	0.125		07/15/30		143,818
	159,382,640	k	United States Treasury Inflation Indexed Bonds	0.125		01/15/31		174,916
	124,859,518	k	United States Treasury Inflation Indexed Bonds	0.125		07/15/31		137,484
	99,341,880	k	United States Treasury Inflation Indexed Bonds	3.375		04/15/32		145,347
	25,257,800	k	United States Treasury Inflation Indexed Bonds	2.125		02/15/40		37,576
	49,279,730	k	United States Treasury Inflation Indexed Bonds	0.125		02/15/51		53,974
			TOTAL U.S. TREASURY SECURITIES					7,389,408
			TOTAL GOVERNMENT BONDS					7,604,847
			(Cost $7,000,225)
SHORT-TERM INVESTMENTS - 0.2%
GOVERNMENT AGENCY DEBT - 0.1%
	3,745,000		Federal Home Loan Bank (FHLB)	0.000		10/06/21		3,745
	8,192,000		Tennessee Valley Authority (TVA)	0.000		10/06/21		8,192
			TOTAL GOVERNMENT AGENCY DEBT					11,937
REPURCHASE AGREEMENT - 0.1%
	6,975,000	r	Fixed Income Clearing Corp (FICC)	0.010		10/01/21		6,975
			TOTAL REPURCHASE AGREEMENT					6,975
			TOTAL SHORT-TERM INVESTMENTS					18,912
			(Cost $18,912)
			TOTAL INVESTMENTS - 99.7%					7,623,759
			(Cost $7,019,137)
			OTHER ASSETS & LIABILITIES, NET - 0.3%					19,245
			NET ASSETS - 100.0%				$	7,643,004

	Abbreviation(s):
k	Principal amount for interest accrual purposes is periodically adjusted based on changes in the Consumer Price Index.
r	Agreement with Fixed Income Clearing Corporation, 0.010% dated 9/30/21 to be repurchased at $6,975,000 on 10/01/21,  collateralized by U.S. Treasury Notes valued at $7,114,522.
	Cost amounts are in thousands.

Futures contracts outstanding as of September 30, 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		(405	)	12/21/21	$	(78,756	)	$	(77,380	)	$	1,376

361

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

COLLEGE RETIREMENT EQUITIES FUND

SOCIAL CHOICE ACCOUNT

SCHEDULE OF INVESTMENTS (unaudited)

September 30, 2021

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE (000)
BANK LOAN OBLIGATIONS - 0.1%
COMMERCIAL & PROFESSIONAL SERVICES - 0.1%
$	16,000,000	i	LTR Intermediate Holdings, Inc	LIBOR 1 M + 4.500%		5.500	%	05/05/28	$	15,960
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES							15,960
			TOTAL BANK LOAN OBLIGATIONS							15,960
			(Cost $15,840)
BONDS - 40.9%
CORPORATE BONDS - 18.1%
AUTOMOBILES & COMPONENTS - 0.1%
	5,000,000	e	Dana, Inc			4.250		09/01/30		5,142
	9,575,000	g	Denso Corp			1.239		09/16/26		9,506
	14,350,000	g	Hyundai Capital Services, Inc			1.250		02/08/26		14,129
			TOTAL AUTOMOBILES & COMPONENTS							28,777
BANKS - 3.5%
	12,500,000	g	ABN AMRO Bank NV			1.542		06/16/27		12,429
	6,925,000	g	Banco Nacional de Comercio Exterior SNC			2.720		08/11/31		6,951
	13,750,000		Bank of America Corp			0.981		09/25/25		13,769
	14,025,000		Bank of America Corp			2.456		10/22/25		14,650
	15,000,000	i	Bank of America Corp	SOFR + 0.970%		1.020		07/22/27		15,287
	12,500,000		Bank of America Corp			2.087		06/14/29		12,480
	15,750,000		Bank of America Corp			2.687		04/22/32		16,038
	10,000,000		Bank of Montreal			3.803		12/15/32		10,957
	2,250,000		Barclays plc			3.811		03/10/42		2,388
	6,225,000		Barclays plc			4.375		N/A‡		6,221
	10,000,000	g	BNP Paribas S.A.			1.323		01/13/27		9,832
	4,350,000	g	BNP Paribas S.A.			1.904		09/30/28		4,330
	15,300,000	g	BNP Paribas S.A.			2.871		04/19/32		15,625
	10,500,000	g	BNP Paribas S.A.			2.588		08/12/35		10,182
	10,000,000		Citigroup, Inc			1.678		05/15/24		10,194
	29,125,000		Citigroup, Inc			0.776		10/30/24		29,237
	2,900,000		Citigroup, Inc			5.950		N/A‡		3,165
	4,345,000		Citigroup, Inc			5.000		N/A‡		4,538
	10,250,000		Citizens Bank NA			2.250		04/28/25		10,660
	3,800,000		Citizens Bank NA			3.750		02/18/26		4,202
	26,161,000		Cooperatieve Rabobank UA			3.750		07/21/26		28,832
	10,000,000	g	Cooperatieve Rabobank UA			1.106		02/24/27		9,857
	14,700,000	g	Credit Agricole S.A.			1.247		01/26/27		14,492
	13,750,000		HSBC Holdings plc			2.206		08/17/29		13,638
	16,025,000	g	ING Groep NV			1.400		07/01/26		16,066
	12,500,000	i	ING Groep NV	SOFR + 1.010%		1.060		04/01/27		12,629
	10,000,000		ING Groep NV			2.727		04/01/32		10,290

362

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE (000)
$	2,714,000	g	Intesa Sanpaolo S.p.A			3.375	%	01/12/23	$	2,807
	1,825,000	g	Intesa Sanpaolo S.p.A			5.017		06/26/24		1,970
	9,750,000	e,g	Intesa Sanpaolo S.p.A			3.250		09/23/24		10,296
	1,275,000	g	Intesa Sanpaolo S.p.A			4.950		06/01/42		1,321
	15,175,000	g	Itau Unibanco Holding S.A.			3.875		04/15/31		14,712
	9,150,000		JPMorgan Chase & Co			0.563		02/16/25		9,112
	15,000,000		JPMorgan Chase & Co			1.040		02/04/27		14,716
	13,065,000		JPMorgan Chase & Co			3.650		N/A‡		13,130
	9,570,000	g	Kookmin Bank			2.500		11/04/30		9,481
	4,000,000		Lloyds Banking Group plc			4.500		11/04/24		4,392
	9,494,000		Lloyds Banking Group plc			3.870		07/09/25		10,236
	7,725,000		Massachusetts Higher Education Assistance Corp			2.673		07/01/31		7,893
	5,925,000	i	Mizuho Financial Group, Inc	LIBOR 3 M + 0.630%		0.759		03/01/28		5,963
	11,125,000	g	National Australia Bank Ltd			2.332		08/21/30		10,754
	10,000,000	g	National Australia Bank Ltd			2.990		05/21/31		10,120
	9,250,000		National Bank of Canada			0.550		11/15/24		9,232
	7,500,000		Natwest Group plc			1.642		06/14/27		7,499
	2,790,000		NatWest Group plc			2.359		05/22/24		2,863
	10,000,000		People’s United Bank NA			4.000		07/15/24		10,679
	18,057,000		People’s United Financial, Inc			3.650		12/06/22		18,560
	7,150,000	g	Standard Chartered plc			0.991		01/12/25		7,126
	10,000,000	g	Standard Chartered plc			1.456		01/14/27		9,835
	7,275,000		Sumitomo Mitsui Financial Group, Inc			1.474		07/08/25		7,334
	11,500,000	e	SVB Financial Group			2.100		05/15/28		11,609
	1,925,000		SVB Financial Group			3.125		06/05/30		2,059
	12,775,000		SVB Financial Group			1.800		02/02/31		12,259
	14,135,000	e	SVB Financial Group			4.100		N/A‡		14,528
	10,000,000		SVB Financial Group			4.000		N/A‡		10,250
	14,350,000		Truist Financial Corp			1.267		03/02/27		14,299
	14,200,000	g,i	UBS AG.	SOFR + 0.450%		0.500		08/09/24		14,305
	11,675,000	g	UBS Group AG.			1.494		08/10/27		11,540
	7,500,000	g	UniCredit S.p.A			6.572		01/14/22		7,622
	15,000,000	g	UniCredit S.p.A			2.569		09/22/26		15,251
	3,600,000	g	UniCredit S.p.A			5.459		06/30/35		3,972
	15,520,000	e,g	United Overseas Bank Ltd			2.000		10/14/31		15,518
	3,835,000	g	USAA Capital Corp			2.125		05/01/30		3,863
			TOTAL BANKS							656,045
CAPITAL GOODS - 0.4%
	10,450,000	e	Carrier Global Corp			2.700		02/15/31		10,760
	4,150,000		Johnson Controls International plc			1.750		09/15/30		4,028
	4,400,000		Masco Corp			1.500		02/15/28		4,281
	5,000,000		Otis Worldwide Corp			3.112		02/15/40		5,125
	4,975,000		Parker-Hannifin Corp			4.200		11/21/34		5,727
	3,400,000	e	Roper Technologies, Inc			1.400		09/15/27		3,358
	12,500,000	g	Siemens Financieringsmaatschappij NV			1.200		03/11/26		12,455
	10,500,000	g	Triton Container International Ltd			1.150		06/07/24		10,483
	7,000,000	g	Triton Container International Ltd			3.150		06/15/31		7,065
	6,500,000		Xylem, Inc			1.950		01/30/28		6,539
	3,575,000		Xylem, Inc			2.250		01/30/31		3,578
			TOTAL CAPITAL GOODS							73,399
COMMERCIAL & PROFESSIONAL SERVICES - 0.3%
	9,540,000		IHS Markit Ltd			4.125		08/01/23		10,115

363

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE (000)
$	7,500,000		Mather Foundation			2.675	%	10/01/31	$	7,478
	15,810,000		Rockefeller Foundation			2.492		10/01/50		15,426
	14,925,000		Waste Connections, Inc			2.200		01/15/32		14,714
	12,425,000		Waste Connections, Inc			2.950		01/15/52		12,157
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES							59,890
CONSUMER DURABLES & APPAREL - 0.0%
	6,700,000		Whirlpool Corp			2.400		05/15/31		6,699
			TOTAL CONSUMER DURABLES & APPAREL							6,699
CONSUMER SERVICES - 0.6%
	2,900,000		Bush Foundation			2.754		10/01/50		2,838
	3,125,000		Conservation Fund			3.474		12/15/29		3,299
	10,000,000		Henry J Kaiser Family Foundation			3.356		12/01/25		10,353
	5,145,000		Low Income Investment Fund			3.711		07/01/29		5,482
	3,440,000	i	Nature Conservancy	LIBOR 3 M + 1.080%		1.206		02/01/24		3,456
	17,500,000		New York Public Library Astor Lenox & Tilden Foundations			4.305		07/01/45		21,526
	3,475,000		Salvation Army			5.637		09/01/26		4,139
	20,000,000		Salvation Army			4.528		09/01/48		21,994
	12,300,000		Starbucks Corp			2.450		06/15/26		12,925
	11,440,000		Wisconsin Alumni Research Foundation			3.564		10/01/49		12,532
	11,065,000		YMCA of Greater New York			5.151		08/01/48		12,565
			TOTAL CONSUMER SERVICES							111,109
DIVERSIFIED FINANCIALS - 2.2%
	10,800,000		AerCap Ireland Capital DAC			1.750		01/30/26		10,690
	10,200,000		Ally Financial, Inc			4.700		N/A‡		10,617
	3,000,000	g	Banco BTG Pactual S.A.			2.750		01/11/26		2,914
	3,300,000		Bank of New York Mellon Corp			4.700		N/A‡		3,622
	21,375,000	g	BPCE S.A.			1.652		10/06/26		21,400
	11,500,000		Century Housing Corp			3.995		11/01/21		11,499
	8,725,000		Charles Schwab Corp			4.000		N/A‡		9,000
	11,645,000		Community Preservation Corp			2.867		02/01/30		12,072
	16,425,000	g	Credit Suisse Group AG.			1.305		02/02/27		16,052
	10,050,000	g	Credit Suisse Group AG.			3.091		05/14/32		10,276
	4,750,000		Enterprise Community Loan Fund, Inc			4.152		11/01/28		4,918
	15,000,000		Ford Foundation			2.815		06/01/70		14,857
	13,300,000		Goldman Sachs Group, Inc			0.855		02/12/26		13,172
	2,300,000		Legg Mason, Inc			3.950		07/15/24		2,497
	24,500,000		Morgan Stanley			0.791		01/22/25		24,499
	11,950,000		Morgan Stanley			0.985		12/10/26		11,738
	12,450,000		Morgan Stanley			1.512		07/20/27		12,391
	17,500,000		Morgan Stanley			2.239		07/21/32		17,199
	14,150,000		Morgan Stanley			2.484		09/16/36		13,849
	11,400,000	g,i	NatWest Markets plc	SOFR + 0.530%		0.580		08/12/24		11,465
	7,300,000	g	NatWest Markets plc			0.800		08/12/24		7,285
	16,500,000	g	NatWest Markets plc			1.600		09/29/26		16,491
	10,000,000	g	NongHyup Bank			1.250		07/20/25		9,956
	680,000		Reinvestment Fund, Inc			3.377		02/15/22		684
	1,378,000		Reinvestment Fund, Inc			3.166		11/01/23		1,417
	3,000,000		Reinvestment Fund, Inc			3.600		02/15/24		3,128

364

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE (000)
$	10,250,000		Reinvestment Fund, Inc			3.366	%	11/01/24	$	10,746
	2,570,000		Reinvestment Fund, Inc			3.513		11/01/25		2,733
	15,240,000		Reinvestment Fund, Inc			3.880		02/15/27		16,698
	7,435,000		Reinvestment Fund, Inc			3.930		02/15/28		8,257
	11,075,000	g	Societe Generale S.A.			1.792		06/09/27		11,015
	11,150,000	g	Societe Generale S.A.			2.889		06/09/32		11,213
	4,475,000	g	Starwood Property Trust, Inc			5.500		11/01/23		4,694
	7,900,000	g	Swiss Re Finance Luxembourg SA			5.000		04/02/49		9,065
	4,825,000	g	UBS Group AG			1.008		07/30/24		4,856
	14,700,000	g	UBS Group AG			1.364		01/30/27		14,563
	11,075,000	e	Unilever Capital Corp			2.000		07/28/26		11,495
	5,523,000		Unilever Capital Corp			2.125		09/06/29		5,645
	6,125,000		Unilever Capital Corp			1.375		09/14/30		5,854
	8,475,000		Unilever Capital Corp			1.750		08/12/31		8,261
	9,425,000		Unilever Capital Corp			2.625		08/12/51		9,085
	3,450,000	g	WLB Asset II B Pte Ltd			3.950		12/10/24		3,441
	1,925,000	g	WLB Asset II Pte Ltd			4.000		01/14/24		1,954
			TOTAL DIVERSIFIED FINANCIALS							413,263
ENERGY - 0.8%
	8,000,000	e,g	Aker BP ASA			2.875		01/15/26		8,455
	10,000,000	g	Aker BP ASA			4.000		01/15/31		10,877
	2,650,000	e	Cenovus Energy, Inc			2.650		01/15/32		2,600
	6,550,000		Cenovus Energy, Inc			3.750		02/15/52		6,365
	7,500,000	i	Enbridge, Inc	SOFR + 0.400%		0.450		02/17/23		7,521
	9,625,000	e	Enbridge, Inc			2.500		01/15/25		10,025
	8,175,000		Enbridge, Inc			3.400		08/01/51		8,236
	5,830,000	e	Enbridge, Inc			5.750		07/15/80		6,587
	8,125,000		Equinor ASA			2.375		05/22/30		8,358
	5,932,000		Equinor ASA			3.950		05/15/43		6,827
	12,450,000		Equinor ASA			3.250		11/18/49		13,192
	3,875,000		ONEOK, Inc			4.000		07/13/27		4,295
	6,200,000		ONEOK, Inc			4.950		07/13/47		7,329
	11,700,000	g	Santos Finance Ltd			3.649		04/29/31		11,915
	7,540,000	g	Sunnova Energy Corp			5.875		09/01/26		7,681
	12,850,000		Total Capital International S.A.			2.986		06/29/41		13,067
	11,316,000		Total Capital International S.A.			3.127		05/29/50		11,378
			TOTAL ENERGY							144,708
FOOD & STAPLES RETAILING - 0.0%
	3,563,000	g,i	7-Eleven, Inc	LIBOR 3 M + 0.450%		0.578		08/10/22		3,564
	5,722,000		SYSCO Corp			2.400		02/15/30		5,808
			TOTAL FOOD & STAPLES RETAILING							9,372
FOOD, BEVERAGE & TOBACCO - 0.1%
	6,150,000	g	Coca-Cola European Partners plc			1.500		01/15/27		6,105
	10,000,000	g	NBM US Holdings, Inc			6.625		08/06/29		10,980
	4,500,000		PepsiCo, Inc			2.875		10/15/49		4,584
			TOTAL FOOD, BEVERAGE & TOBACCO							21,669
HEALTH CARE EQUIPMENT & SERVICES - 0.2%
	6,900,000		Cigna Corp			0.613		03/15/24		6,885
	10,125,000		Cigna Corp			2.375		03/15/31		10,217
	7,000,000		PerkinElmer, Inc			2.250		09/15/31		6,905

365

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE (000)
$	10,385,000		Stanford Health Care			3.027	%	08/15/51	$	10,760
			TOTAL HEALTH CARE EQUIPMENT & SERVICES							34,767
HOUSEHOLD & PERSONAL PRODUCTS - 0.1%
	7,125,000	e	Kimberly-Clark Corp			2.875		02/07/50		7,220
	5,300,000		Procter & Gamble Co			3.000		03/25/30		5,800
	12,975,000		Procter & Gamble Co			1.200		10/29/30		12,343
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS							25,363
INSURANCE - 0.9%
	6,850,000	g	AIA Group Ltd			3.600		04/09/29		7,501
	11,450,000	g	AIA Group Ltd			3.375		04/07/30		12,349
	2,400,000		Chubb INA Holdings, Inc			1.375		09/15/30		2,272
	11,400,000	g	Empower Finance 2020 LP			1.357		09/17/27		11,194
	4,000,000	g	Empower Finance 2020 LP			1.776		03/17/31		3,845
	8,075,000		First American Financial Corp			2.400		08/15/31		7,868
	15,675,000	g	Five Corners Funding Trust II			2.850		05/15/30		16,385
	4,700,000	g	Great-West Lifeco US Finance 2020 LP			0.904		08/12/25		4,627
	20,000,000		Principal Financial Group, Inc			2.125		06/15/30		19,811
	14,400,000	g	Protective Life Global Funding			1.737		09/21/30		13,968
	6,504,000		Prudential Financial, Inc			1.500		03/10/26		6,601
	10,250,000		Prudential Financial, Inc			5.200		03/15/44		10,966
	4,265,000		Prudential Financial, Inc			3.700		10/01/50		4,445
	4,475,000		Reinsurance Group of America, Inc			3.900		05/15/29		4,999
	6,100,000		Reinsurance Group of America, Inc			3.150		06/15/30		6,485
	18,222,000	g	Swiss Re Treasury US Corp			2.875		12/06/22		18,665
	14,024,000	g	Swiss Re Treasury US Corp			4.250		12/06/42		17,081
			TOTAL INSURANCE							169,062
MATERIALS - 0.7%
	7,250,000	g	Celulosa Arauco y Constitucion S.A.			4.200		01/29/30		7,812
	10,000,000	e,g	Celulosa Arauco y Constitucion S.A.			5.150		01/29/50		11,325
	4,200,000	g	Ecolab, Inc			2.750		08/18/55		4,035
	10,500,000		Fibria Overseas Finance Ltd			5.500		01/17/27		11,970
	5,650,000	g	International Flavors & Fragrances, Inc			2.300		11/01/30		5,602
	4,600,000		International Paper Co			4.800		06/15/44		5,800
	17,000,000	e,g	Inversiones CMPC S.A.			4.375		04/04/27		18,759
	10,000,000	g	Klabin Austria GmbH			7.000		04/03/49		12,097
	7,775,000	g	Klabin Finance S.A.			4.875		09/19/27		8,543
EUR	2,500,000	g	LG Chem Ltd			0.500		04/15/23		2,919
$	3,250,000	g	LG Chem Ltd			3.625		04/15/29		3,559
	10,000,000	i	LYB International Finance III LLC	LIBOR 3 M + 1.000%		1.131		10/01/23		10,006
	5,925,000		LYB International Finance III LLC			3.375		10/01/40		6,153
	5,000,000		Newmont Corp			2.250		10/01/30		4,974
	9,875,000		PPG Industries, Inc			1.200		03/15/26		9,833
	12,736,000	e	Teck Resources Ltd			3.900		07/15/30		13,829
			TOTAL MATERIALS							137,216
MEDIA & ENTERTAINMENT - 0.2%
	10,000,000	e	Alphabet, Inc			1.100		08/15/30		9,447
	4,411,000		Discovery Communications LLC			4.000		09/15/55		4,613

366

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE (000)
$	10,000,000	g	NTT Finance Corp			1.162	%	04/03/26	$	9,943
	7,500,000	g	NTT Finance Corp			2.065		04/03/31		7,545
	2,320,000		Smithsonian Institution			2.645		09/01/39		2,348
			TOTAL MEDIA & ENTERTAINMENT							33,896
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.6%
	10,000,000		Amgen, Inc			2.000		01/15/32		9,617
	10,875,000		Amgen, Inc			3.000		01/15/52		10,433
	4,800,000		Bristol-Myers Squibb Co			2.350		11/13/40		4,567
	7,700,000		Bristol-Myers Squibb Co			2.550		11/13/50		7,230
	6,275,000		Gilead Sciences, Inc			1.200		10/01/27		6,142
	5,625,000		Gilead Sciences, Inc			2.600		10/01/40		5,355
	15,400,000		Gilead Sciences, Inc			2.800		10/01/50		14,517
	10,000,000		Pfizer, Inc			1.750		08/18/31		9,773
	7,725,000	g,i	Roche Holdings, Inc	SOFR + 0.240%		0.290		03/05/24		7,743
	12,500,000	g	Roche Holdings, Inc			0.991		03/05/26		12,377
	14,675,000		Takeda Pharmaceutical Co Ltd			2.050		03/31/30		14,445
	8,500,000		Takeda Pharmaceutical Co Ltd			3.175		07/09/50		8,614
	3,850,000		Thermo Fisher Scientific, Inc			2.000		10/15/31		3,767
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES							114,580
REAL ESTATE - 0.9%
	13,400,000		American Tower Corp			1.500		01/31/28		12,980
	1,975,000		Brandywine Operating Partnership LP			3.950		02/15/23		2,049
	6,225,000		Brandywine Operating Partnership LP			3.950		11/15/27		6,772
	9,095,000		Brixmor Operating Partnership LP			3.900		03/15/27		9,979
	6,600,000		Brixmor Operating Partnership LP			2.250		04/01/28		6,656
	4,175,000		Brixmor Operating Partnership LP			2.500		08/16/31		4,113
	5,975,000		Corporate Office Properties LP			2.750		04/15/31		6,036
	2,600,000		Duke Realty LP			2.875		11/15/29		2,739
	2,350,000		Equinix, Inc			1.800		07/15/27		2,361
	3,500,000		Federal Realty Investment Trust			2.750		06/01/23		3,607
	6,900,000		Federal Realty Investment Trust			1.250		02/15/26		6,841
	1,975,000	g	HAT Holdings I LLC			6.000		04/15/25		2,064
	24,685,000	g	HAT Holdings I LLC			3.375		06/15/26		25,055
	10,000,000	g	HAT Holdings I LLC			3.750		09/15/30		10,100
	11,075,000		Kilroy Realty LP			3.450		12/15/24		11,821
	14,360,000		Kilroy Realty LP			2.500		11/15/32		14,139
	3,940,000		Life Storage LP			2.200		10/15/30		3,907
	16,822,000		Regency Centers LP			3.750		06/15/24		17,928
	8,245,000	g	Scentre Group Trust 2			5.125		09/24/80		8,861
	3,150,000		Vornado Realty LP			2.150		06/01/26		3,199
	2,775,000		Vornado Realty LP			3.400		06/01/31		2,872
			TOTAL REAL ESTATE							164,079
RETAILING - 0.3%
	4,100,000		Advance Auto Parts, Inc			1.750		10/01/27		4,082
	8,000,000		Amazon.com, Inc			0.250		05/12/23		8,014
	5,200,000		AutoNation, Inc			2.400		08/01/31		5,068
	7,500,000		Kohl’s Corp			3.375		05/01/31		7,718
	5,525,000		Lowe’s Cos, Inc			2.800		09/15/41		5,375
	18,025,000		Walmart, Inc			1.800		09/22/31		17,870
			TOTAL RETAILING							48,127

367

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE (000)
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 0.1%
$	9,208,000	g	NXP BV			3.400	%	05/01/30	$	9,995
	10,000,000	g	SK Hynix, Inc			2.375		01/19/31		9,706
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT							19,701
SOFTWARE & SERVICES - 0.3%
	9,500,000		Automatic Data Processing, Inc			1.700		05/15/28		9,608
	10,000,000		Automatic Data Processing, Inc			1.250		09/01/30		9,507
	7,725,000		Mastercard, Inc			1.900		03/15/31		7,751
	7,500,000		Visa, Inc			1.900		04/15/27		7,743
	17,000,000		Visa, Inc			1.100		02/15/31		15,930
			TOTAL SOFTWARE & SERVICES							50,539
TECHNOLOGY HARDWARE & EQUIPMENT - 0.2%
	14,250,000		Apple, Inc			3.000		06/20/27		15,600
	4,750,000	g	HP, Inc			2.650		06/17/31		4,703
	11,250,000	g	New York State Electric & Gas Corp			2.150		10/01/31		11,100
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT							31,403
TELECOMMUNICATION SERVICES - 0.4%
	9,000,000	i	Verizon Communications, Inc	SOFR + 0.790%		0.840		03/20/26		9,152
	14,225,000		Verizon Communications, Inc			2.550		03/21/31		14,400
	9,825,000		Verizon Communications, Inc			3.400		03/22/41		10,261
	18,825,000		Verizon Communications, Inc			3.550		03/22/51		19,853
	10,000,000		Vodafone Group plc			3.250		06/04/81		10,150
	10,000,000	e	Vodafone Group plc			4.125		06/04/81		10,125
			TOTAL TELECOMMUNICATION SERVICES							73,941
TRANSPORTATION - 0.3%
	1,497,394		Delta Air Lines, Inc			4.250		07/30/23		1,555
	7,150,000		Delta Air Lines, Inc			3.204		04/25/24		7,546
	7,825,000		Delta Air Lines, Inc			2.900		10/28/24		8,013
	3,652,000	g	Delta Air Lines, Inc			7.000		05/01/25		4,259
	2,815,000	e	Delta Air Lines, Inc			7.375		01/15/26		3,316
	4,701,030		Delta Air Lines, Inc			2.000		06/10/28		4,677
	12,553,047		Delta Air Lines, Inc			2.500		06/10/28		12,617
	7,000,000		Kansas City Southern			4.300		05/15/43		8,236
			TOTAL TRANSPORTATION							50,219
UTILITIES - 4.9%
	10,875,000		AES Corp			1.375		01/15/26		10,732
	10,875,000		AES Corp			2.450		01/15/31		10,725
	14,500,000	g	AES Gener S.A.			6.350		10/07/79		15,338
	12,325,000		Ameren Illinois Co			2.900		06/15/51		12,504
	4,375,000		Arizona Public Service Co			3.750		05/15/46		4,819
	4,500,000		Atlantic City Electric Co			2.300		03/15/31		4,562
	11,925,000	i	Atmos Energy Corp	LIBOR 3 M + 0.380%		0.496		03/09/23		11,927
	14,950,000		Avangrid, Inc			3.200		04/15/25		15,922
	13,200,000		Avangrid, Inc			3.800		06/01/29		14,698
	10,275,000		Avista Corp			4.350		06/01/48		12,772
	5,900,000	g	Azure Power Solar Energy Pvt Ltd			5.650		12/24/24		6,217

368

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE (000)
$	9,750,000	g	Brooklyn Union Gas Co			4.273	%	03/15/48	$	11,010
	13,500,000	g	Brooklyn Union Gas Co			4.487		03/04/49		15,733
	9,875,000		CenterPoint Energy Houston Electric LLC			2.350		04/01/31		10,069
	12,350,000		CenterPoint Energy Houston Electric LLC			3.350		04/01/51		13,445
	19,400,000	i	CenterPoint Energy Resources Corp	LIBOR 3 M + 0.500%		0.620		03/02/23		19,403
	13,675,000	g	Clearway Energy Operating LLC			3.750		02/15/31		13,709
	3,550,000		CMS Energy Corp			4.750		06/01/50		3,993
	3,100,000		CMS Energy Corp			3.750		12/01/50		3,131
	17,500,000		Commonwealth Edison Co			2.750		09/01/51		16,753
	7,525,000	g	Consorcio Transmantaro SA			4.700		04/16/34		8,343
	13,876,000		Consumers Energy Co			2.500		05/01/60		12,124
	5,928,844	g	Continental Wind LLC			6.000		02/28/33		6,788
	4,997,238	g	Continuum Energy Levanter Pte Ltd			4.500		02/09/27		5,172
	7,110,000		Dominion Energy, Inc			3.600		03/15/27		7,810
	8,525,000		Dominion Energy, Inc			2.250		08/15/31		8,498
	4,000,000		Dominion Energy, Inc (Step Bond)			3.071		08/15/24		4,228
	11,725,000		DTE Electric Co			1.900		04/01/28		11,886
	8,787,000		DTE Electric Co			3.950		03/01/49		10,375
	9,025,000		DTE Electric Co			3.250		04/01/51		9,544
	10,000,000		Duke Energy Florida LLC			2.500		12/01/29		10,343
	3,350,000	g	East Ohio Gas Co			1.300		06/15/25		3,358
	8,850,000		Eastern Energy Gas Holdings LLC			2.500		11/15/24		9,268
	11,625,000	g	EDP Finance BV			3.625		07/15/24		12,421
	22,750,000	g	Electricite de France S.A.			3.625		10/13/25		24,731
	11,735,000		Essential Utilities, Inc			2.704		04/15/30		12,103
	9,375,000		Essential Utilities, Inc			3.351		04/15/50		9,621
	15,650,000		Evergy, Inc			2.550		07/01/26		16,449
	2,800,000		Eversource Energy			0.800		08/15/25		2,757
	9,885,000		Georgia Power Co			3.250		04/01/26		10,596
	11,625,000	g	Hanwha Energy USA Holdings Corp			2.375		07/30/22		11,787
	8,550,000	g	India Cleantech Energy			4.700		08/10/26		8,652
	9,700,000		Interstate Power & Light Co			3.500		09/30/49		10,551
	24,325,000	g	Korea Hydro & Nuclear Power Co Ltd			3.750		07/25/23		25,718
	10,112,000	g	Liberty Utilities Finance GP			2.050		09/15/30		9,784
	5,875,000		MidAmerican Energy Co			3.100		05/01/27		6,388
	1,000,000		MidAmerican Energy Co			3.950		08/01/47		1,169
	3,820,000		MidAmerican Energy Co			3.150		04/15/50		3,998
	4,300,000	g	Narragansett Electric Co			3.919		08/01/28		4,763
	12,350,000		National Fuel Gas Co			5.500		01/15/26		14,225
	11,250,000		National Fuel Gas Co			2.950		03/01/31		11,391
	3,225,000	e,g	NextEra Energy Operating Partners LP			4.250		07/15/24		3,414
	10,320,000	g	Niagara Mohawk Power Corp			1.960		06/27/30		10,022
	9,732,000	g	Niagara Mohawk Power Corp			4.278		10/01/34		11,134
	9,750,000	g	Niagara Mohawk Power Corp			4.119		11/28/42		10,851
	3,000,000		NorthWestern Corp			4.176		11/15/44		3,458
	6,975,000		OGE Energy Corp			0.703		05/26/23		6,976
	16,250,000		PacifiCorp			2.900		06/15/52		15,814
	1,925,000	g	Pattern Energy Operations LP			4.500		08/15/28		2,007
	7,113,000		Piedmont Natural Gas Co, Inc			3.350		06/01/50		7,266
	13,050,000		PSEG Power LLC			3.850		06/01/23		13,728
	630,000		Public Service Co of Colorado			4.750		08/15/41		785
	5,000,000		Public Service Co of Colorado			3.200		03/01/50		5,299
	2,975,000		Public Service Co of New Hampshire			3.600		07/01/49		3,344
	6,134,000		Public Service Electric & Gas Co			3.200		08/01/49		6,419
	19,475,000		Public Service Enterprise Group, Inc			0.800		08/15/25		19,147

369

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE (000)
$	19,350,000		Public Service Enterprise Group, Inc			1.600	%	08/15/30	$	18,309
	13,550,000		San Diego Gas & Electric Co			2.950		08/15/51		13,428
	6,900,000		Sempra Energy			4.875		N/A‡		7,487
	22,247,738	g	Solar Star Funding LLC			3.950		06/30/35		23,482
	20,923,151	g	Solar Star Funding LLC			5.375		06/30/35		24,266
	25,000,000		Southern Power Co			4.150		12/01/25		27,699
	5,613,000		Southwestern Public Service Co			3.750		06/15/49		6,374
	18,650,000		Southwestern Public Service Co			3.150		05/01/50		19,542
	27,576,370	g	Star Energy Geothermal Wayang Windu Ltd			6.750		04/24/33		31,575
	18,000,000	g	TerraForm Power Operating LLC			5.000		01/31/28		19,328
	18,465,704	g	Topaz Solar Farms LLC			4.875		09/30/39		19,907
	10,337,502	g	Topaz Solar Farms LLC			5.750		09/30/39		12,385
	8,000,000		Tucson Electric Power Co			1.500		08/01/30		7,568
	8,632,164	g	UEP Penonome II S.A.			6.500		10/01/38		8,999
	15,000,000		Union Electric Co			2.150		03/15/32		14,865
	16,400,000		Union Electric Co			2.625		03/15/51		15,541
			TOTAL UTILITIES							922,722
			TOTAL CORPORATE BONDS							3,400,546
			(Cost $3,311,594)
GOVERNMENT BONDS - 19.1%
AGENCY SECURITIES - 1.5%
	4,090,000		Canal Barge Co, Inc			4.500		11/12/34		4,642
	1,068,494		DY7 Leasing LLC			2.578		12/10/25		1,111
	6,334,029		Ethiopian Leasing LLC			2.566		08/14/26		6,678
	126,111		Export-Import Bank of the United States			3.503		11/19/21		127
	23,000,000		Federal Home Loan Mortgage Corp (FHLMC)			0.375		05/05/23		23,046
	18,700,000		FHLMC			0.250		08/24/23		18,692
	13,650,000		FHLMC			0.250		09/08/23		13,640
	23,636,000		FHLMC			0.250		12/04/23		23,585
	20,000,000		Federal National Mortgage Association (FNMA)			0.250		07/10/23		19,995
	8,000,000		FNMA			0.625		04/22/25		7,984
	18,880,000		FNMA			0.875		08/05/30		17,773
	5,950,000		Hashemite Kingdom of Jordan Government AID Bond			3.000		06/30/25		6,367
	4,125,000	i	India Government AID Bond	LIBOR 3 M + 0.100%		0.226		02/01/27		4,106
	1,825,000		Iraq Government AID Bond			2.149		01/18/22		1,835
	3,280,000		Lutheran Medical Center			1.982		02/20/30		3,328
	16,520,000		Montefiore Medical Center			2.895		04/20/32		17,945
	13,035,000		New York Society for the Relief of the Ruptured & Crippled			2.881		12/20/31		13,290
	880,772		Overseas Private Investment Corp (OPIC)			2.040		12/15/26		902
	12,185,844		OPIC			3.220		09/15/29		13,290
	5,567,685		OPIC			1.790		10/15/29		5,733
	17,399,016		OPIC			2.360		10/15/29		18,340
	2,062,687		OPIC			2.610		04/15/30		2,195
	2,864,250		OPIC			2.930		05/15/30		3,099
	4,733,550		OPIC			3.040		05/15/30		5,146
	967,818		OPIC			2.810		07/31/33		1,051
	1,548,509		OPIC			2.940		07/31/33		1,695
	5,400,000		OPIC			2.450		07/15/38		5,742

370

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE (000)
$	4,000,000		Private Export Funding Corp (PEFCO)			3.550	%	01/15/24	$	4,269
	8,000,000		PEFCO			3.250		06/15/25		8,568
	191,129		Tayarra Ltd			3.628		02/15/22		192
	13,311,513	†	Thirax LLC			0.968		01/14/33		13,109
	1,775,000		United States International Development Finance Corp			1.440		04/15/28		1,788
	1,000,000		United States International Development Finance Corp			1.650		04/15/28		1,019
	8,750,000		United States International Development Finance Corp			1.630		07/15/38		8,722
	2,386,000		US Department of Housing and Urban Development (HUD)			2.910		08/01/23		2,407
	5,000,000		HUD			3.535		08/01/36		5,567
			TOTAL AGENCY SECURITIES							286,978
FOREIGN GOVERNMENT BONDS - 3.3%
	7,500,000		African Development Bank			3.000		12/06/21		7,537
	12,750,000		African Development Bank			0.750		04/03/23		12,844
	11,850,000	g	Arab Petroleum Investments Corp			1.483		10/06/26		11,854
	4,882,000		Asian Development Bank			1.875		08/10/22		4,955
	9,500,000		Asian Development Bank			2.125		03/19/25		9,966
	6,500,000		Asian Development Bank			1.750		08/14/26		6,718
	16,489,000		Asian Development Bank			3.125		09/26/28		18,487
	12,500,000		Asian Development Bank			1.500		03/04/31		12,417
EUR	7,925,000	g	Banque Ouest Africaine de Developpement			2.750		01/22/33		9,805
$	10,750,000	g	BNG Bank NV			3.125		11/08/21		10,780
	12,400,000	g	BNG Bank NV			2.625		02/27/24		13,034
CLP	9,475,000,000	g	Bonos de la Tesoreria de la Republica en pesos			2.300		10/01/28		9,712
$	1,900,000	g	Caisse d’Amortissement de la Dette Sociale			0.625		02/18/26		1,871
	5,000,000	g	Caisse d’Amortissement de la Dette Sociale			1.375		01/20/31		4,865
	7,000,000	g	CDP Financial, Inc			1.000		05/26/26		6,985
	10,075,000		Chile Government International Bond			3.100		05/07/41		9,723
	9,500,000		Chile Government International Bond			3.500		01/25/50		9,486
	15,000,000	g	Development Bank of Japan, Inc			0.500		03/04/24		14,947
	9,925,000	g	Egypt Government International Bond			5.250		10/06/25		10,134
	19,500,000		European Bank for Reconstruction & Development			1.625		09/27/24		20,095
	3,750,000	e	European Investment Bank			2.375		05/24/27		4,002
	3,725,000	e	European Investment Bank			0.625		10/21/27		3,599
	11,600,000		European Investment Bank			1.625		10/09/29		11,780
	7,500,000		European Investment Bank			0.750		09/23/30		7,022
	2,000,000		European Investment Bank			4.875		02/15/36		2,746
	1,925,000	g	Guatemala Government International Bond			5.375		04/24/32		2,185
	6,082,000		Hydro Quebec			8.400		01/15/22		6,218
	20,000,000	i	Inter-American Development Bank	LIBOR 3 M + 0.010%		0.136		01/15/22		20,002
	11,000,000		International Bank for Reconstruction & Development			0.625		04/22/25		10,963
	14,750,000		International Bank for Reconstruction & Development			3.125		11/20/25		16,147
	27,150,000	g	International Development Association			2.750		04/24/23		28,186
	46,500,000		International Finance Corp			1.546		11/04/21		46,548
	1,000,000		International Finance Corp			2.000		10/24/22		1,019
	7,375,000		International Finance Corp			0.500		03/20/23		7,404
	33,500,000		International Finance Corp			2.125		04/07/26		35,233
	8,750,000	e	Japan International Cooperation Agency			1.750		04/28/31		8,765
	12,500,000	g	Kommunalbanken AS.			2.125		02/11/25		13,084

371

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE (000)
$	8,750,000	i	Korea Development Bank International Bond	LIBOR 3 M + 0.725%		0.863	%	07/06/22	$	8,789
	10,100,000	g	Korea Electric Power Corp			1.125		06/15/25		10,046
	11,250,000		Kreditanstalt fuer Wiederaufbau			0.250		03/08/24		11,197
	13,000,000		Landwirtschaftliche Rentenbank			0.875		09/03/30		12,252
	18,250,000	e,g	Nederlandse Waterschapsbank NV			1.750		01/15/25		18,872
	19,000,000	g	Nederlandse Waterschapsbank NV			2.375		03/24/26		20,150
	22,800,000	g	Perusahaan Penerbit SBSN Indonesia III			3.750		03/01/23		23,779
	10,500,000	g	Perusahaan Penerbit SBSN Indonesia III			3.900		08/20/24		11,342
	12,700,000		Province of Manitoba Canada			3.050		05/14/24		13,516
	10,000,000		Province of Quebec Canada			2.750		04/12/27		10,796
	5,000,000		Province of Quebec Canada			7.500		09/15/29		7,130
	15,250,000	e	Province of Quebec Canada			1.900		04/21/31		15,464
	10,000,000		Republic of Italy Government International Bond			2.875		10/17/29		10,363
	7,750,000		Republic of Italy Government International Bond			4.000		10/17/49		8,555
			TOTAL FOREIGN GOVERNMENT BONDS							613,369
MORTGAGE BACKED - 7.4%
	2,600,000		Federal Home Loan Mortgage Corp (FHLMC)			3.000		10/15/33		2,785
	136,569		FHLMC			4.000		06/01/42		149
	3,090,808		FHLMC			3.500		08/15/43		3,162
	6,320,198		FHLMC			3.500		03/15/44		6,694
	1,373,258	i	FHLMC	LIBOR 1 M + 5.920%		5.836		03/15/44		243
	4,232,200		FHLMC			4.000		10/01/47		4,681
	2,555,571		FHLMC			4.000		06/01/48		2,802
	4,515,364	i	FHLMC	LIBOR 1 M + 9.920%		9.786		06/15/48		5,217
	4,249,211		FHLMC			4.000		07/01/48		4,678
	3,141,158	i	FHLMC	LIBOR 1 M + 9.840%		9.706		10/15/48		3,746
	11,709,775		FHLMC			3.000		11/01/49		12,449
	10,783,103		FHLMC			2.000		09/25/50		1,263
	14,398,479		FHLMC			2.500		11/25/50		2,391
	19,230,841		FHLMC			2.500		02/25/51		3,318
	525		Federal Home Loan Mortgage Corp Gold (FGLMC)			7.000		05/01/23		0	^
	6,572		FGLMC			8.000		01/01/31		7
	138,872		FGLMC			4.500		07/01/33		154
	997,895		FGLMC			7.000		12/01/33		1,144
	285,270		FGLMC			7.000		05/01/35		323
	663,703		FGLMC			5.000		06/01/36		757
	193,116		FGLMC			5.000		07/01/39		221
	342,705		FGLMC			4.500		10/01/44		379
	421,754		FGLMC			4.500		11/01/44		470
	655,294		FGLMC			4.500		11/01/44		731
	336,117		FGLMC			4.500		12/01/44		369
	416,713		FGLMC			4.500		12/01/44		462
	1,356,812		FGLMC			3.500		04/01/45		1,485
	5,705,275		FGLMC			3.500		10/01/45		6,229
	5,294,437		FGLMC			4.000		12/01/45		5,875
	18,156,227		FGLMC			3.500		08/01/46		19,822
	734,056		FGLMC			4.500		06/01/47		822
	1,660,465		FGLMC			4.000		09/01/47		1,836
	1,086,976		FGLMC			3.500		12/01/47		1,178
	1,576,457		FGLMC			4.000		07/01/48		1,736
	4,901,959		FGLMC			4.500		08/01/48		5,475
	4,430		Federal National Mortgage Association (FNMA)			8.000		07/01/24		5

372

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE (000)
$	17,487,011	i	FNMA			2.891	%	02/25/27	$	18,792
	3,500,000	i	FNMA			3.436		06/25/28		3,889
	15,250,000	i	FNMA			1.561		11/25/30		15,072
	15,500,000	i	Federal National Mortgage Association (FNMA)			1.250		01/25/31		14,971
	1,553,929		FNMA			3.500		05/01/32		1,669
	1,828,753		FNMA			3.000		10/01/32		1,932
	33,800,000	h	FNMA			2.500		10/25/32		35,211
	1,658,597		FNMA			5.000		05/01/35		1,889
	1,115,012		FNMA			5.000		10/01/35		1,272
	70,600,000	h	FNMA			2.000		10/25/35		72,710
	831,701		FNMA			5.000		02/01/36		949
	7,200,000	h	FNMA			1.500		10/25/36		7,271
	1,422,396		FNMA			5.500		11/01/38		1,660
	223,169		FNMA			3.000		05/01/40		235
	708,029		FNMA			5.000		09/01/40		801
	1,487,698		FNMA			5.000		05/01/41		1,700
	1,114,906		FNMA			4.000		09/01/42		1,217
	988,143		FNMA			3.000		04/25/43		1,019
	2,196,827	i	FNMA	LIBOR 1 M + 5.950%		5.864		09/25/43		408
	475,540		FNMA			4.000		01/01/44		526
	1,492,160		FNMA			4.500		03/01/44		1,679
	334,055		FNMA			4.500		06/01/44		369
	5,279,326		FNMA			4.500		06/01/44		5,883
	1,199,380		FNMA			4.500		08/01/44		1,337
	2,882,256		FNMA			4.500		10/01/44		3,212
	5,483,240		FNMA			4.500		11/01/44		6,074
	980,768		FNMA			5.000		11/01/44		1,116
	1,436,221		FNMA			4.500		12/01/44		1,600
	591,027		FNMA			4.000		01/01/45		645
	6,447,869		FNMA			3.000		02/25/45		6,683
	1,170,006		FNMA			3.000		02/25/45		1,197
	137,306		FNMA			3.500		03/01/45		148
	153,251		FNMA			3.500		03/01/45		167
	267,642		FNMA			4.500		03/01/45		296
	1,820,940		FNMA			3.000		03/25/45		1,876
	351,650		FNMA			4.500		04/01/45		389
	4,042,873		FNMA			3.500		04/25/45		4,177
	2,833,017		FNMA			3.500		05/01/45		3,112
	1,438,257		FNMA			4.000		12/01/45		1,591
	7,855,712		FNMA			3.000		12/25/45		8,063
	4,081,589		FNMA			3.500		01/01/46		4,455
	4,896,010		FNMA			4.000		01/01/46		5,419
	854,356		FNMA			4.000		04/01/46		940
	4,929,976		FNMA			3.500		06/01/46		5,381
	2,861,397		FNMA			3.500		07/01/46		3,123
	5,008,124		FNMA			3.500		07/01/46		5,463
	1,342,760		FNMA			3.500		08/01/46		1,461
	454,387		FNMA			3.000		10/01/46		469
	3,777,333		FNMA			3.500		10/01/46		4,111
	5,013,693		FNMA			3.000		11/01/46		5,300
	7,589,746		FNMA			3.500		01/01/47		8,092
	1,439,653		FNMA			3.000		04/25/47		1,525
	1,612,722		FNMA			4.500		05/01/47		1,800
	890,377		FNMA			3.500		09/01/47		957

373

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	3,485,336		FNMA		4.000	%	09/01/47	$	3,765
	1,162,648		FNMA		4.000		09/01/47		1,253
	2,922,103		FNMA		4.000		10/01/47		3,136
	421,867		FNMA		3.000		11/01/47		435
	318,466		FNMA		3.500		11/01/47		347
	436,560		FNMA		4.500		11/01/47		486
	3,484,590		FNMA		4.000		12/01/47		3,849
	9,469,933		FNMA		4.000		12/01/47		10,216
	626,262		FNMA		3.500		01/01/48		684
	4,570,745		FNMA		3.500		01/01/48		4,850
	2,899,624		FNMA		4.500		01/01/48		3,229
	2,414,974		FNMA		4.500		02/01/48		2,688
	31,563,836		FNMA		3.000		02/25/48		33,265
	7,317,633		FNMA		3.500		03/01/48		7,783
	2,612,588		FNMA		4.000		03/01/48		2,859
	9,756,449		FNMA		4.500		03/01/48		10,814
	2,874,731		FNMA		4.000		04/01/48		3,077
	1,963,918		FNMA		4.500		05/01/48		2,177
	1,430,594		FNMA		4.500		05/01/48		1,580
	3,763,260		FNMA		5.000		08/01/48		4,191
	581,580		FNMA		3.000		08/01/49		626
	6,955,301		FNMA		3.000		01/25/50		7,275
	16,192,897		FNMA		3.000		07/01/50		17,347
	6,771,825		FNMA		2.000		08/25/50		796
	17,545,000	h	FNMA		3.000		10/25/50		18,359
	17,095,542		FNMA		2.500		11/25/50		2,411
	4,919,248		FNMA		3.000		02/25/51		730
	89,690,000	h	FNMA		2.000		10/25/51		89,932
	54,016,000	h	FNMA		2.500		10/25/51		55,693
	97,570,000	h	FNMA		2.000		11/25/51		97,658
	133,750,000	h	FNMA		2.500		11/25/51		137,642
	85,450,000	h	FNMA		3.000		11/25/51		89,301
	13,500,000	g,i	Flagstar Mortgage Trust		3.000		10/25/51		13,999
	2,974,827		Government National Mortgage Association (GNMA)		2.580		08/15/25		3,051
	9,032,739		GNMA		2.690		06/15/33		9,252
	7,442,972		GNMA		3.700		10/15/33		7,957
	76,295		GNMA		5.000		04/15/38		87
	146,718		GNMA		6.500		11/20/38		176
	21,319		GNMA		4.500		02/20/39		25
	7,442,590		GNMA		3.700		08/15/40		7,916
	28,935		GNMA		4.500		08/20/41		33
	64,224		GNMA		4.500		09/20/41		73
	18,908		GNMA		4.500		01/20/44		22
	12,684		GNMA		4.500		02/20/44		14
	40,270		GNMA		4.500		05/20/44		47
	126,270		GNMA		4.500		05/20/44		141
	197,726		GNMA		4.500		08/20/44		220
	168,176		GNMA		4.500		09/20/44		193
	98,936		GNMA		4.500		10/20/44		111
	51,008		GNMA		4.500		11/20/44		55
	138,548		GNMA		4.500		12/20/44		159
	11,925,003		GNMA		2.750		01/15/45		12,698

374

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	152,925		GNMA		4.500	%	02/20/45	$	172
	323,884		GNMA		4.500		08/20/45		375
	266,167		GNMA		4.500		08/20/45		308
	195,856		GNMA		4.500		12/20/45		224
	2,143,347		GNMA		4.000		06/20/46		262
	46,065,000	h	GNMA		3.000		10/20/46		48,127
	6,564,495		GNMA		3.500		12/20/46		6,976
	4,562,128		GNMA		3.500		01/20/47		4,847
	43,900,000	h	GNMA		3.000		11/20/47		45,788
	4,231,381		GNMA		3.500		01/20/49		4,588
	2,408,855		GNMA		3.500		10/20/50		2,599
	29,825,000	h	GNMA		2.000		10/20/51		30,255
	142,000,000	h	GNMA		2.500		10/20/51		146,587
	31,785,000	h	GNMA		2.000		11/20/51		32,182
	4,729,158	g,i	JP Morgan Mortgage Trust		2.500		01/25/52		4,738
	4,504,038	g,i	Morgan Stanley Residential Mortgage Loan Trust		2.500		08/25/51		4,516
			TOTAL MORTGAGE BACKED						1,391,588
MUNICIPAL BONDS - 3.2%
	4,500,000	g	Basin Electric Power Coop		6.127		06/01/41		6,030
	1,170,000		Brunswick & Glynn County Development Authority		3.060		04/01/25		1,247
	3,000,000		California Earthquake Authority		1.477		07/01/23		3,050
	1,315,000	g	California Municipal Finance Authority		4.250		11/01/23		1,319
	16,250,000		Chicago Housing Authority		4.361		01/01/38		19,112
	11,645,000		Chicago Metropolitan Water Reclamation District-Greater Chicago		5.720		12/01/38		16,265
	3,035,000		City & County of Honolulu HI		2.668		10/01/27		3,221
	5,645,000		City & County of Honolulu HI		3.974		09/01/35		6,346
	1,615,000		City & County of Honolulu HI		4.004		09/01/36		1,814
	7,085,000		City & County of San Francisco CA		4.000		04/01/47		7,556
	5,500,000		City & County of San Francisco CA Community Facilities District		4.000		09/01/48		5,889
	5,395,000		City of Chicago IL		7.750		01/01/42		6,605
	1,105,000		City of Chicago IL		7.750		01/01/42		1,253
	1,250,000		City of Florence SC		4.250		12/01/34		1,321
	1,000,000		City of Houston TX Combined Utility System Revenue		3.375		11/15/24		1,082
	1,275,000		City of Houston TX Combined Utility System Revenue		4.172		11/15/38		1,444
	7,500,000		City of Los Angeles CA		3.880		09/01/38		8,259
	1,780,000	g	City of Miami FL		4.808		01/01/39		1,971
	3,665,000		City of Norfolk VA		3.050		10/01/36		4,117
	4,835,000		City of Oakland CA		2.070		01/15/29		4,794
	3,345,000		City of San Francisco CA Public Utilities Commission Water Revenue		3.000		11/01/26		3,627
	3,725,000		City of San Francisco CA Public Utilities Commission Water Revenue		3.950		11/01/36		4,138
	8,615,000		City of San Francisco CA Public Utilities Commission Water Revenue		3.303		11/01/39		9,207
	18,410,000		City of San Francisco CA Public Utilities Commission Water Revenue		2.825		11/01/41		18,585
	18,500,000		City of San Francisco CA Public Utilities Commission Water Revenue		4.185		11/01/46		20,131
	1,000,000		City of San Juan Capistrano CA		3.700		08/01/31		1,089

375

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE (000)
$	2,730,000		Commonwealth Financing Authority			3.864	%	06/01/38	$	3,102
	11,650,000	i	Connecticut Housing Finance Authority	SOFR + 0.650%		0.700		05/15/49		11,652
	7,650,000		County of Alameda CA			3.820		08/01/38		8,404
	1,500,000		County of Miami-Dade FL Aviation Revenue			2.218		10/01/22		1,528
	12,015,000		County of Miami-Dade FL Water & Sewer System Revenue			3.490		10/01/42		12,908
	935,000		County of Saline AR			3.550		06/01/42		959
	3,500,000		District of Columbia			3.432		04/01/42		3,688
	15,000,000		District of Columbia Water & Sewer Authority			4.814		10/01/14		21,386
	1,000,000		Grant County Public Utility District No 2			5.470		01/01/34		1,087
	1,250,000		Grant County Public Utility District No 2			4.164		01/01/35		1,480
	22,445,000		Grant County Public Utility District No 2			2.918		01/01/40		22,955
	9,255,000		Grant County Public Utility District No 2			3.210		01/01/40		9,665
	3,230,000		Great Lakes Water Authority Sewage Disposal System Revenue			3.056		07/01/39		3,421
	16,915,000		Great Lakes Water Authority Water Supply System Revenue			3.473		07/01/41		18,055
	1,200,000		Guadalupe Valley Electric Coop, Inc			5.671		10/01/32		1,418
	410,000		Guadalupe-Blanco River Authority Industrial Development Corp			3.287		04/15/23		422
	640,000		Henry County Water Authority			3.000		01/01/43		622
	850,000		Henry County Water Authority			3.200		01/01/49		831
	1,000,000		Honolulu City & County Board of Water Supply			2.327		07/01/32		1,020
	2,000,000		Kern County Water Agency Improvement District No 4			4.276		05/01/36		2,337
	6,430,000		Lavaca-Navidad River Authority			4.430		08/01/35		6,738
	8,655,000		Los Angeles Community College District			2.106		08/01/32		8,705
	2,800,000		Maryland Community Development Administration Housing Revenue			3.797		03/01/39		2,924
	4,595,000		Massachusetts St. Water Pollution Abatement			5.192		08/01/40		5,358
	10,735,000		Metropolitan Transportation Authority			5.175		11/15/49		14,651
	2,000,000		Michigan Finance Authority			5.000		07/01/31		2,243
	7,400,000		New Jersey Economic Development Authority			5.706		06/15/30		9,123
	3,000,000		New Jersey Economic Development Authority			5.756		06/15/31		3,764
	3,375,000		New Mexico Finance Authority			4.090		06/15/38		3,711
	4,065,000		New York City Housing Development Corp			3.119		08/01/38		4,155
	2,500,000		New York City Housing Development Corp			3.720		11/01/39		2,632
	1,225,000		New York State Environmental Facilities Corp			3.195		06/15/25		1,321
	2,120,000		New York State Environmental Facilities Corp			3.520		07/15/27		2,365
	17,500,000		New York Transportation Development Corp			5.000		01/01/26		20,425
	11,245,000		Ohio State Water Development Authority			4.879		12/01/34		13,359
	13,250,000	†,g,q	Oregon State Business Development Commission			6.500		04/01/31		2,849
	3,470,000	†,g	Oregon State Business Development Commission			0.000		04/01/37		746
	2,500,000		Palm Beach County Solid Waste Authority			2.636		10/01/24		2,652
	4,930,000		Papio-Missouri River Natural Resource District			2.088		12/15/24		5,106
	4,500,000		Pend Oreille County Public Utility District No Box Canyon			5.000		01/01/30		4,579
	7,250,000	g	Pennsylvania Economic Development Financing Authority			10.000		12/01/29		7,331
	1,735,000	g	Public Finance Authority			9.000		06/01/29		1,735
	2,000,000		San Francisco City & County Redevelopment Agency			4.375		08/01/44		2,166
	36,330,000		State of California			3.750		10/01/37		39,035

376

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE (000)
$	11,565,000		State of California			4.600	%	04/01/38	$	13,404
	10,050,000		State of California			4.988		04/01/39		10,701
	5,445,000	i	State of California	LIBOR 1 M + 0.780%		0.863		04/01/47		5,447
	8,000,000		State of Illinois			5.000		02/01/22		8,123
	9,000,000		State of Illinois			5.520		04/01/38		10,810
	4,405,000		State of Michigan			3.590		12/01/26		4,560
	2,500,000		State of Ohio			5.412		09/01/28		3,124
	3,370,000		State of Texas			3.726		08/01/43		3,498
	3,000		State of Wisconsin			5.700		05/01/26		3
	1,650,000	g	Syracuse Industrial Development Agency			5.000		01/01/36		1,486
	2,280,000		Tampa Bay Water			2.612		10/01/25		2,441
	3,225,000		Tampa Bay Water			2.782		10/01/26		3,449
	3,000,000		Tampa Bay Water			2.952		10/01/27		3,220
	1,255,000		Texas Water Development Board			4.248		10/15/35		1,368
	5,880,000		Texas Water Development Board			4.340		10/15/48		6,550
	4,170,000		Texas Water Development Board			4.648		04/15/50		4,510
	5,000,000		Tuolumne Wind Project Authority			6.918		01/01/34		6,572
	3,035,000		University of California			3.809		05/15/28		3,442
	11,400,000		University of California			4.009		05/15/30		13,214
	1,000,000		University of Cincinnati			3.250		06/01/29		1,064
	1,560,000		University of Cincinnati			3.650		06/01/34		1,665
	1,615,000		University of Cincinnati			3.700		06/01/35		1,726
	18,000,000		University of New Mexico			3.532		06/20/32		19,168
	500,000		Upper Allegheny Joint Sanitary Authority			3.550		09/01/39		534
	1,500,000		Upper Allegheny Joint Sanitary Authority			3.800		09/01/49		1,575
	5,000,000		Vermont Educational & Health Buildings Financing Agency			4.000		12/01/42		5,499
	3,000,000		Vermont Educational & Health Buildings Financing Agency			4.000		12/01/46		3,290
	1,000,000		Washington County Clean Water Services			5.078		10/01/24		1,132
			TOTAL MUNICIPAL BONDS							595,660
U.S. TREASURY SECURITIES - 3.7%
	6,000,000		United States Treasury Bond			3.125		02/15/43		7,149
	1,000,000		United States Treasury Bond			3.375		05/15/44		1,243
	35,830,000		United States Treasury Bond			2.875		11/15/46		41,503
	2,500,000		United States Treasury Bond			3.000		02/15/49		2,988
	9,350,000		United States Treasury Note			0.125		05/31/22		9,353
	4,150,000		United States Treasury Note			2.000		07/31/22		4,216
	4,500,000		United States Treasury Note			1.750		09/30/22		4,575
	21,821,000		United States Treasury Note			0.125		10/31/22		21,824
	10,350,000		United States Treasury Note			0.125		12/31/22		10,347
	19,250,000		United States Treasury Note			0.125		03/31/23		19,231
	31,765,000		United States Treasury Note			2.875		09/30/23		33,394
	6,100,000		United States Treasury Note			2.625		12/31/23		6,410
	33,988,000		United States Treasury Note			0.375		09/15/24		33,842
	1,525,000		United States Treasury Note			2.250		10/31/24		1,605
	18,842,000		United States Treasury Note			2.500		02/28/26		20,166
	113,218,000		United States Treasury Note			0.750		08/31/26		112,006
	15,031,000		United States Treasury Note			0.500		10/31/27		14,426
	35,275,000		United States Treasury Note			0.625		11/30/27		34,068
	48,415,000		United States Treasury Note			1.250		05/31/28		48,345
	28,250,000		United States Treasury Note			1.125		08/31/28		27,914
	21,960,000		United States Treasury Note			1.250		08/15/31		21,428

377

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE (000)
$	14,508,000		United States Treasury Note			1.875	%	02/15/41	$	14,191
	4,700,000		United States Treasury Note			2.250		05/15/41		4,887
	33,950,000		United States Treasury Note			1.750		08/15/41		32,454
	147,077,000		United States Treasury Note			2.375		05/15/51		156,959
			TOTAL U.S. TREASURY SECURITIES							684,524
			TOTAL GOVERNMENT BONDS							3,572,119
			(Cost $3,495,604)
STRUCTURED ASSETS - 3.7%
ASSET BACKED - 1.4%
	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		925
			Series - 2019 SFR1 (Class C)
	800,000	g	AMSR Trust			3.247		01/19/39		828
			Series - 2019 SFR1 (Class D)
	4,323,912	g,i	AREIT Trust	LIBOR 1 M + 1.134%		1.184		09/14/36		4,322
			Series - 2019 CRE3 (Class A)
	1,500,000	i	Bayview Financial Mortgage Pass-Through Trust	LIBOR 1 M + 0.975%		1.060		02/28/41		1,501
			Series - 2006 A (Class M3)
	40,587	i	Bear Stearns Asset Backed Securities Trust	LIBOR 1 M + 1.005%		1.091		04/25/36		41
			Series - 2006 SD1 (Class M1)
	4,500,000	g,i	BFLD Trust	LIBOR 1 M + 2.100%		2.184		10/15/35		4,528
			Series - 2020 EYP (Class C)
	3,616,353	g	Capital Automotive REIT			3.870		04/15/47		3,625
			Series - 2017 1A (Class A1)
	340,855	i	C-BASS Trust	LIBOR 1 M + 0.160%		0.246		07/25/36		334
			Series - 2006 CB6 (Class A1)
	3,412,477	i	Chase Funding Loan Acquisition Trust	LIBOR 1 M + 0.855%		0.941		06/25/34		3,359
			Series - 2004 OPT1 (Class M1)
	184,121	g	Corevest American Finance Trust			1.832		03/15/50		187
			Series - 2020 1 (Class A1)
	1,447,500	g	DB Master Finance LLC			3.629		11/20/47		1,454
			Series - 2017 1A (Class A2I)
	197,435	g,i	Ellington Loan Acquisition Trust	LIBOR 1 M + 1.100%		1.184		05/25/37		198
			Series - 2007 2 (Class A2C)
	4,035,186	g	GoodLeap Sustainable Home Solutions Trust			2.100		05/20/48		4,019
			Series - 2021 3CS (Class A)
	4,475,000	g	GoodLeap Sustainable Home Solutions Trust			1.930		07/20/48		4,437
			Series - 2021 4GS (Class A)
	3,408,431	g	HERO Funding Trust			3.840		09/21/40		3,536
			Series - 2015 1A (Class A)
	920,799	†,g	HERO Funding Trust			3.990		09/21/40		947
			Series - 2014 2A (Class A)
	1,660,548	g	HERO Funding Trust			3.750		09/20/41		1,727
			Series - 2016 2A (Class A)
	1,564,630	g	HERO Funding Trust			4.050		09/20/41		1,637
			Series - 2016 1A (Class A)
	611,443	g	HERO Funding Trust			3.080		09/20/42		628
			Series - 2016 3A (Class A1)

378

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE (000)
$	4,543,669	g	HERO Funding Trust			3.710	%	09/20/47	$	4,777
			Series - 2017 1A (Class A1)
	4,573,012	g	HERO Funding Trust			3.190		09/20/48		4,750
			Series - 2017 3A (Class A1)
	1,090,975	g	HERO Funding Trust			3.280		09/20/48		1,135
			Series - 2017 2A (Class A1)
	4,964,986	g	HERO Funding Trust			4.670		09/20/48		5,304
			Series - 2018 1A (Class A2)
	3,868,644	g	HERO Funding Trust			2.240		09/20/51		3,855
			Series - 2021 1A (Class A)
	20,816	i	Home Equity Asset Trust	LIBOR 1 M + 1.500%		3.986		06/25/33		21
			Series - 2003 1 (Class M1)
	599,972	g,i	Invitation Homes Trust	LIBOR 1 M + 1.250%		1.334		01/17/38		601
			Series - 2018 SFR4 (Class B)
	499,336	i	JP Morgan Mortgage Acquisition Trust	LIBOR 1 M + 0.320%		0.406		03/25/37		497
			Series - 2007 CH3 (Class A1B)
	4,891,836	i	JP Morgan Mortgage Acquisition Trust	LIBOR 1 M + 0.160%		0.246		06/25/37		4,838
			Series - 2007 CH5 (Class A1)
	4,152,932	g	Loanpal Solar Loan Ltd			2.290		01/20/48		4,196
			Series - 2021 1GS (Class A)
	6,784,114	g	Loanpal Solar Loan Ltd			2.220		03/20/48		6,784
			Series - 2021 2GS (Class A)
	2,473,868	†,g	Mosaic Solar Loan Trust			0.000		04/20/46		2,090
			Series - 2020 1A (Class R)
	1,915,946	g	Mosaic Solar Loan Trust			2.100		04/20/46		1,940
			Series - 2020 1A (Class A)
	2,651,533	g	Mosaic Solar Loan Trust			3.100		04/20/46		2,762
			Series - 2020 1A (Class B)
	3,001,494	g	Mosaic Solar Loan Trust			2.050		12/20/46		3,003
			Series - 2021 1A (Class B)
	4,200,000	g	Mosaic Solar Loan Trust			1.440		06/20/52		4,110
			Series - 2021 3A (Class A)
	4,225,048	g	Mosaic Solar Loans LLC			3.820		06/22/43		4,465
			Series - 2017 2A (Class A)
	4,528,666	g	Mosaic Solar Loans LLC			1.640		04/22/47		4,484
			Series - 2021 2A (Class A)
	2,500,000	g	Progress Residential Trust			2.082		10/17/38		2,479
			Series - 2021 SFR8 (Class D)
	410,021	i	RASC Trust	LIBOR 1 M + 0.590%		3.080		08/25/35		410
			Series - 2005 KS8 (Class M4)
	2,745,751	g	Renew			3.670		09/20/52		2,875
			Series - 2017 1A (Class A)
	5,878,183	g	Renew			3.950		09/20/53		6,213
			Series - 2018 1 (Class A)
	5,281,624	g	Renew			2.060		11/20/56		5,281
			Series - 2021 1 (Class A)
	6,437,000		SCE Recovery Funding LLC			0.861		11/15/31		6,231
	3,720,529	g	SolarCity LMC			4.590		04/20/44		3,723
			Series - 2014 1 (Class A)
	20,230,559	g	SolarCity LMC			4.020		07/20/44		20,578
			Series - 2014 2 (Class A)
	1,985,933	g	SolarCity LMC			4.800		09/20/48		2,020
			Series - 2016 A (Class A)

379

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE (000)
$	12,051	i	Structured Asset Investment Loan Trust	LIBOR 1 M + 0.900%		0.986	%	09/25/34	$	12
			Series - 2004 8 (Class M1)
	53,265	i	Structured Asset Investment Loan Trust	LIBOR 1 M + 1.000%		1.086		09/25/34		54
			Series - 2004 8 (Class A9)
	1,374,531	i	Structured Asset Securities Corp Mortgage Loan Trust	LIBOR 1 M + 1.500%		1.586		04/25/35		1,388
			Series - 2005 7XS (Class 2A1A)
	2,811,502	g	Sunrun Athena Issuer LLC			5.310		04/30/49		3,109
			Series - 2018 1 (Class A)
	9,296,054	g	Sunrun Atlas Issuer LLC			3.610		02/01/55		9,873
			Series - 2019 2 (Class A)
	6,080,000	g	SUNRUN CALLISTO ISSUER LLC			2.270		01/30/57		6,078
			Series - 2021 2A (Class A)
	11,430,077	g	TES LLC			4.330		10/20/47		12,101
			Series - 2017 1A (Class A)
	2,500,000	g	TES LLC			7.740		10/20/47		2,418
			Series - 2017 1A (Class B)
	6,930,236	g	TES LLC			4.120		02/20/48		7,121
			Series - 2017 2A (Class A)
	4,125,000	g	Tesla Auto Lease Trust			2.200		11/21/22		4,189
			Series - 2019 A (Class A4)
	5,400,000	g	Tesla Auto Lease Trust			0.560		03/20/25		5,411
			Series - 2021 A (Class A3)
	6,650,000	g	Tesla Auto Lease Trust			0.660		03/20/25		6,655
			Series - 2021 A (Class A4)
	6,250,000	g	Tesla Auto Lease Trust			1.180		03/20/25		6,245
			Series - 2021 A (Class C)
	4,500,000	g	Tesla Auto Lease Trust			0.600		09/22/25		4,492
			Series - 2021 B (Class A3)
	5,000,000	g	Tesla Auto Lease Trust			0.630		09/22/25		4,986
			Series - 2021 B (Class A4)
	9,500,000		Toyota Auto Receivables Owner Trust			0.260		11/17/25		9,473
			Series - 2021 B (Class A3)
	9,900,000		Toyota Auto Receivables Owner Trust			0.530		10/15/26		9,851
			Series - 2021 B (Class A4)
	1,000,000	g	Tricon American Homes Trust			4.011		09/17/34		999
			Series - 2017 SFR1 (Class E)
	1,069,338	g	Tricon American Homes Trust			2.928		01/17/36		1,088
			Series - 2017 SFR2 (Class A)
	200,000	g	Tricon American Homes Trust			3.275		01/17/36		203
			Series - 2017 SFR2 (Class B)
	475,000	g	Tricon American Homes Trust			2.049		07/17/38		480
			Series - 2020 SFR1 (Class B)
	14,245,344	g	Vivint Colar Financing V LLC			4.730		04/30/48		15,361
			Series - 2018 1A (Class A)
	5,044,787	g	Vivint Solar Financing VII LLC			2.210		07/31/51		4,983
			Series - 2020 1A (Class A)
			TOTAL ASSET BACKED							264,326
OTHER MORTGAGE BACKED - 2.3%
	197,725	g,i	Agate Bay Mortgage Trust			3.500		11/25/44		199
			Series - 2014 3 (Class A13)
	118,790	g,i	Agate Bay Mortgage Trust			3.500		09/25/45		120
			Series - 2015 6 (Class A9)

380

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE (000)
$	4,075,000	g,i	Alen Mortgage Trust	LIBOR 1 M + 2.250%		2.334	%	04/15/34	$	4,085
			Series - 2021 ACEN (Class C)
	155,107	i	Alternative Loan Trust	LIBOR 1 M + 0.750%		0.836		06/25/34		159
			Series - 2004 8CB (Class M1)
	5,000,000	g	BANK			2.500		10/17/52		4,510
			Series - 2019 BN21 (Class D)
	6,500,000	i	BANK			3.517		10/17/52		6,693
			Series - 2019 BN21 (Class C)
	8,000,000	i	BANK			3.577		11/15/62		8,441
			Series - 2019 BN22 (Class C)
	4,940,000	g,i	BBCMS Mortgage Trust			4.409		08/05/38		4,379
			Series - 2018 CHRS (Class E)
	12,500,000	g	BBCMS Trust			3.593		09/15/32		12,655
			Series - 2015 MSQ (Class A)
	3,600,000	g	BBCMS Trust			3.894		09/15/32		3,647
			Series - 2015 MSQ (Class B)
	3,000,000	g,i	BBCMS Trust			3.811		02/15/53		3,139
			Series - 2020 C6 (Class F5TA)
	1,000,000		Benchmark Mortgage Trust			3.419		08/15/52		1,082
			Series - 2019 B12 (Class AS)
	8,870,000	g,i	Benchmark Mortgage Trust			4.029		03/15/62		9,427
			Series - 2019 B10 (Class 3CCA)
	2,000,000	i	CD Mortgage Trust			3.879		11/10/49		2,115
			Series - 2016 CD2 (Class B)
	2,000,000	i	Citigroup Commercial Mortgage Trust			4.288		04/10/48		2,136
			Series - 2015 GC29 (Class C)
	4,000,000		Citigroup Commercial Mortgage Trust			3.300		11/10/52		4,330
			Series - 2019 GC43 (Class AS)
	3,115,000		Citigroup Commercial Mortgage Trust			3.018		08/10/56		3,288
			Series - 2019 GC41 (Class AS)
	238,062	i	Citigroup Mortgage Loan Trust	LIBOR 1 M + 0.750%		0.836		01/25/36		238
			Series - 2006 WFH1 (Class M4)
	3,000,000	g,i	Cityline Commercial Mortgage Trust			2.871		11/10/31		3,095
			Series - 2016 CLNE (Class A)
	3,740,000	g,i	COMM Mortgage Trust			3.527		10/10/29		3,870
			Series - 2017 PANW (Class B)
	3,000,000	g,i	COMM Mortgage Trust			3.712		10/10/29		3,095
			Series - 2017 PANW (Class C)
	5,120,000	g	COMM Mortgage Trust			4.353		08/10/30		5,382
			Series - 2013 300P (Class A1)
	3,500,000	g,i	COMM Mortgage Trust			4.243		03/10/48		3,532
			Series - 2015 CR22 (Class D)
	1,000,000	i	COMM Mortgage Trust			4.433		05/10/48		1,008
			Series - 2015 CR23 (Class D)
	1,100,000	i	COMM Mortgage Trust			4.433		05/10/48		1,171
			Series - 2015 CR23 (Class C)
	2,500,000	i	COMM Mortgage Trust			3.463		08/10/48		2,326
			Series - 2015 CR24 (Class D)
	1,000,000		COMM Mortgage Trust			3.263		08/15/57		1,074
			Series - 2019 GC44 (Class AM)
	1,632,549	i	Connecticut Avenue Securities	LIBOR 1 M + 2.600%		2.686		05/25/24		1,652
			Series - 2014 C02 (Class 1M2)

381

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE (000)
$	4,320,506	i	Connecticut Avenue Securities	LIBOR 1 M + 3.000%		3.086	%	07/25/24	$	4,395
			Series - 2014 C03 (Class 1M2)
	1,106,242	i	Connecticut Avenue Securities	LIBOR 1 M + 6.950%		7.036		08/25/28		1,174
			Series - 2016 C01 (Class 2M2)
	1,747,421	i	Connecticut Avenue Securities	LIBOR 1 M + 5.900%		5.986		10/25/28		1,836
			Series - 2016 C03 (Class 2M2)
	3,176,321	i	Connecticut Avenue Securities	LIBOR 1 M + 4.250%		4.336		01/25/29		3,293
			Series - 2016 C04 (Class 1M2)
	1,190,255	i	Connecticut Avenue Securities	LIBOR 1 M + 4.250%		4.336		04/25/29		1,233
			Series - 2016 C06 (Class 1M2)
	379,639	i	Connecticut Avenue Securities	LIBOR 1 M + 2.200%		2.286		01/25/30		380
			Series - 2017 C05 (Class 1M2A)
	249,036	i	Connecticut Avenue Securities	LIBOR 1 M + 2.200%		2.286		01/25/30		255
			Series - 2017 C05 (Class 1M2)
	484,526	i	Connecticut Avenue Securities	LIBOR 1 M + 0.850%		0.936		10/25/30		483
			Series - 2018 C03 (Class 1EA2)
	157,785	i	Connecticut Avenue Securities	LIBOR 1 M + 2.550%		2.636		12/25/30		161
			Series - 2018 C04 (Class 2M2)
	15,000,000	g	CPT Mortgage Trust			2.865		11/13/39		15,812
			Series - 2019 CPT (Class A)
	2,000,000	g,i	CPT Mortgage Trust			3.097		11/13/39		1,955
			Series - 2019 CPT (Class E)
	5,000,000	g,i	Credit Suisse Commercial Mortgage Trust			3.854		11/10/32		5,299
			Series - 2017 CALI (Class B)
	459,665	g,i	Credit Suisse Commercial Mortgage Trust	LIBOR 1 M + 1.150%		1.236		05/25/36		460
			Series - 2006 CF2 (Class M3)
	1,875,874	g,i	Credit Suisse Commercial Mortgage Trust			3.500		02/25/48		1,917
			Series - 2018 J1 (Class A11)
	6,650,000	g,i	CSAIL Commercial Mortgage Trust			3.800		06/15/37		6,859
			Series - 2017 C8 (Class 85BA)
	6,100,000	g,i	CSAIL Commercial Mortgage Trust			3.800		06/15/37		5,996
			Series - 2017 C8 (Class 85BB)
	2,000,000	g,i	CSMC Series			3.388		10/25/59		2,035
			Series - 2019 NQM1 (Class M1)
	2,686,475	g,i	CSMC Trust			3.500		02/25/48		2,755
			Series - 2018 J1 (Class A2)
	102,725,000	g,i	DOLP Trust			0.665		05/10/41		4,978
			Series - 2021 NYC (Class X)
	474,996	i	Fieldstone Mortgage Investment Trust	LIBOR 1 M + 0.735%		0.821		12/25/35		474
			Series - 2005 2 (Class M2)
	805,867	g,i	FirstKey Mortgage Trust			3.500		11/25/44		820
			Series - 2014 1 (Class A8)
	549,305	g,i	Flagstar Mortgage Trust			4.103		10/25/47		551
			Series - 2017 2 (Class B3)
	140,260	g,i	Flagstar Mortgage Trust			4.000		09/25/48		141
			Series - 2018 5 (Class A11)
	1,596,944	g,i	Flagstar Mortgage Trust			2.500		04/25/51		1,600
			Series - 2021 2 (Class A4)
	4,914,495	g,i	Flagstar Mortgage Trust			2.500		06/01/51		4,933
			Series - 2021 4 (Class A21)
	10,260,000		Freddie Mac Multiclass Certificates Series			1.878		01/25/31		10,502
			Series - 2021 P009 (Class A2)
	6,811,724		Freddie Mac Multifamily ML Certificates			1.877		07/25/37		6,800
			Series - 2021 ML08 (Class )

382

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE (000)
$	40,442,937	†,i	Freddie Mac Multifamily ML Certificates			1.779	%	11/25/37	$	6,591
			Series - 2021 ML08 (Class XCA)
	3,229,479		Freddie Mac Multifamily ML Certificates			1.896		11/25/37		3,231
			Series - 2021 ML08 (Class )
	4,869,749		Freddie Mac Multifamily Structured Pass Through Certificates			1.555		01/25/36		4,682
			Series - 2020 Q014 (Class A1)
	18,299	i	Freddie Mac Multifamily Structured Pass Through Certificates			2.801		10/25/55		4
			Series - 2020 Q014 (Class X)
	6,129,598		Freddie Mac Multifamily Variable Rate Certificate			1.761		09/15/38		6,294
			Series - 2020 M061 (Class A)
	1,520,000	g,i	Freddie Mac STACR REMIC Trust			2.100		12/25/33		1,534
			Series - 2021 HQA2 (Class M2)
	1,465,000	g,i	Freddie Mac STACR REMIC Trust			1.700		01/25/34		1,477
			Series - 2021 DNA5 (Class M2)
	392,122	g,i	Freddie Mac Structured Agency Credit Risk Debt Notes			3.728		02/25/48		391
			Series - 2018 SPI1 (Class M2)
	527,585	g,i	Freddie Mac Structured Agency Credit Risk Debt Notes			3.809		05/25/48		527
			Series - 2018 SPI2 (Class M2)
	65,000	g,i	Freddie Mac Structured Agency Credit Risk Debt Notes			4.050		11/25/50		68
			Series - 2020 HQA5 (Class B1)
	434,018	g,i	GS Mortage-Backed Securities Trust			3.718		05/25/50		441
			Series - 2020 PJ1 (Class B2)
	2,000,000	g,i	GS Mortgage Securities Trust	LIBOR 1 M + 1.090%		1.180		10/15/31		2,000
			Series - 2018 HART (Class A)
	3,000,000		GS Mortgage Securities Trust			3.143		10/10/49		3,173
			Series - 2016 GS3 (Class AS)
	830,000	i	GS Mortgage Securities Trust			4.088		11/10/49		826
			Series - 2016 GS4 (Class C)
	1,480,937	g,i	GS Mortgage-Backed Securities Corp Trust			3.500		07/25/50		1,503
			Series - 2020 PJ2 (Class A4)
	566,676	g,i	GS Mortgage-Backed Securities Corp Trust			3.000		01/25/51		576
			Series - 2020 PJ4 (Class A4)
	433,767	i	GS Mortgage-Backed Securities Corp Trust			3.000		03/27/51		442
			Series - 2020 PJ5 (Class A4)
	3,230,223	g,i	GS Mortgage-Backed Securities Corp Trust			2.500		10/25/51		3,237
			Series - 2021 PJ5 (Class A4)
	603,036	g,i	GS Mortgage-Backed Securities Trust			2.500		07/25/51		603
			Series - 2021 PJ2 (Class A4)
	12,001,428	g,i	GS Mortgage-Backed Securities Trust			2.500		01/25/52		12,036
			Series - 2021 PJ7 (Class A4)
	5,398,551	g,i	GS Mortgage-Backed Securities Trust			2.500		01/25/52		5,414
			Series - 2021 PJ8 (Class A4)
	9,440,155	g,i	GS MortSecurities Trust			2.500		11/25/51		9,464
			Series - 2021 PJ6 (Class A4)
	796,076	i	HarborView Mortgage Loan Trust	LIBOR 1 M + 0.620%		0.707		08/19/45		806
			Series - 2005 11 (Class 2A1A)

383

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE (000)
$	6,000,000	g	Hudson Yards Mortgage Trust			2.835	%	08/10/38	$	6,342
			Series - 2016 10HY (Class A)
	5,000,000	g,i	Hudson Yards Mortgage Trust			3.076		08/10/38		5,252
			Series - 2016 10HY (Class B)
	5,000,000	g,i	Hudson Yards Mortgage Trust			3.076		08/10/38		5,247
			Series - 2016 10HY (Class C)
	7,000,000	g	Hudson Yards Mortgage Trust			3.228		07/10/39		7,566
			Series - 2019 30HY (Class A)
	1,000,000	g,i	Hudson Yards Mortgage Trust			3.041		12/10/41		1,009
			Series - 2019 55HY (Class D)
	7,000,000	g,i	Hudson Yards Mortgage Trust			3.041		12/10/41		6,887
			Series - 2019 55HY (Class E)
	2,500,000	g,i	Hudson Yards Mortgage Trust			3.041		12/10/41		2,382
			Series - 2019 55HY (Class F)
	185,250	i	Impac CMB Trust	LIBOR 1 M + 0.660%		0.746		03/25/35		190
			Series - 2004 11 (Class 2A1)
	480,000	g,i	Imperial Fund Mortgage Trust			3.531		10/25/55		491
			Series - 2020 NQM1 (Class M1)
	2,800,000		JP Morgan Chase Commercial Mortgage Securities Corp			3.372		12/15/47		2,887
			Series - 2013 C10 (Class AS)
	2,538,893	g,i	JP Morgan Mortgage Trust	LIBOR 1 M - 0.000%		2.103		12/25/44		2,587
			Series - 2015 1 (Class B1)
	132,488	g,i	JP Morgan Mortgage Trust			3.500		05/25/45		134
			Series - 2015 3 (Class A19)
	637,890	g,i	JP Morgan Mortgage Trust			3.500		10/25/45		643
			Series - 2015 6 (Class A13)
	342,987	g,i	JP Morgan Mortgage Trust			3.500		05/25/46		347
			Series - 2016 1 (Class A13)
	343,286	g,i	JP Morgan Mortgage Trust			3.500		05/25/47		349
			Series - 2017 2 (Class A13)
	256,282	g,i	JP Morgan Mortgage Trust			3.500		09/25/48		258
			Series - 2018 3 (Class A13)
	172,675	g,i	JP Morgan Mortgage Trust			3.500		10/25/48		176
			Series - 2018 4 (Class A13)
	886,090	g,i	JP Morgan Mortgage Trust			3.500		10/25/48		905
			Series - 2018 5 (Class A13)
	886,192	g,i	JP Morgan Mortgage Trust			3.090		10/26/48		922
			Series - 2017 5 (Class A2)
	239,620	g,i	JP Morgan Mortgage Trust			4.000		01/25/49		242
			Series - 2018 8 (Class A13)
	415,130	g,i	JP Morgan Mortgage Trust			4.000		02/25/49		420
			Series - 2018 9 (Class A13)
	72,556	g,i	JP Morgan Mortgage Trust			4.000		05/25/49		74
			Series - 2019 1 (Class A3)
	470,741	g,i	JP Morgan Mortgage Trust			4.000		05/25/49		477
			Series - 2019 1 (Class A15)
	138,668	g,i	JP Morgan Mortgage Trust			4.689		09/25/49		141
			Series - 2019 3 (Class B1)
	978,554	g,i	JP Morgan Mortgage Trust	LIBOR 1 M + 0.950%		1.036		10/25/49		984
			Series - 2019 INV1 (Class A11)
	1,628,029	g,i	JP Morgan Mortgage Trust			3.869		06/25/50		1,670
			Series - 2020 1 (Class B2)

384

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE (000)
$	5,030,963	g,i	JP Morgan Mortgage Trust			2.500	%	10/25/51	$	5,041
			Series - 2021 6 (Class A15)
	2,620,027	g,i	JP Morgan Mortgage Trust			2.500		11/25/51		2,632
			Series - 2021 7 (Class A15)
	3,351,227	g,i	JP Morgan Mortgage Trust			2.500		12/25/51		3,368
			Series - 2021 8 (Class A15)
	10,000,000	g	Liberty Street Trust			3.597		02/10/36		10,806
			Series - 2016 225L (Class A)
	4,000,000	g,i	MAD Mortgage Trust			3.294		08/15/34		4,081
			Series - 2017 330M (Class A)
	4,000,000	g,i	MAD Mortgage Trust			3.478		08/15/34		4,056
			Series - 2017 330M (Class B)
	3,000,000	g,i	Manhattan West			2.413		09/10/39		3,019
			Series - 2020 1MW (Class C)
	344,234	i	Morgan Stanley Capital I Trust	LIBOR 1 M + 0.825%		0.911		08/25/34		342
			Series - 2004 HE6 (Class M1)
	210,676	†,i	Morgan Stanley Capital I Trust			6.470		12/12/49		126
			Series - 2007 IQ16 (Class AJFX)
	3,000,000	g,i	MSDB Trust			3.427		07/11/39		3,188
			Series - 2017 712F (Class A)
	15,780,000	g,i	Natixis Commercial Mortgage Securities Trust	LIBOR 1 M + 0.784%		0.867		07/15/33		15,710
			Series - 2018 850T (Class A)
	5,750,000	g,i	Natixis Commercial Mortgage Securities Trust	LIBOR 1 M + 1.500%		1.584		07/15/36		5,748
			Series - 2019 MILE (Class A)
	9,000,000	g,i	Natixis Commercial Mortgage Securities Trust	LIBOR 1 M + 3.500%		3.584		07/15/36		8,955
			Series - 2019 MILE (Class E)
	1,500,000	g,i	Natixis Commercial Mortgage Securities Trust	LIBOR 1 M + 4.250%		4.334		07/15/36		1,491
			Series - 2019 MILE (Class F)
	937,625	g,i	New Residential Mortgage Loan Trust			2.797		09/25/59		943
			Series - 2019 NQM4 (Class A3)
	470,000	g,i	New Residential Mortgage Loan Trust			2.986		09/25/59		471
			Series - 2019 NQM4 (Class M1)
	76,356	i	New York Mortgage Trust	LIBOR 1 M + 0.480%		0.566		02/25/36		77
			Series - 2005 3 (Class A1)
	511,044	g,i	OBX Trust	LIBOR 1 M + 0.650%		0.736		06/25/57		511
			Series - 2018 1 (Class A2)
	1,736,781	g,i	Oceanview Mortgage Trust			2.500		05/25/51		1,742
			Series - 2021 1 (Class A19)
	11,800,000	g	One Bryant Park Trust			2.516		09/15/54		12,144
			Series - 2019 OBP (Class A)
	3,900,000	g	One Market Plaza Trust			3.614		02/10/32		3,942
			Series - 2017 1MKT (Class A)
	620,706	g,i	Sequoia Mortgage Trust			3.500		05/25/45		632
			Series - 2015 2 (Class A1)
	270,953	g,i	Sequoia Mortgage Trust			3.500		06/25/46		276
			Series - 2016 1 (Class A19)
	40,389	g,i	Sequoia Mortgage Trust			3.500		11/25/46		40
			Series - 2016 3 (Class A10)
	660,266	g,i	Sequoia Mortgage Trust			3.500		04/25/47		669
			Series - 2017 3 (Class A19)
	698,869	g,i	Sequoia Mortgage Trust			3.764		09/25/47		713
			Series - 2017 6 (Class B1)
	201,304	g,i	Sequoia Mortgage Trust			3.500		02/25/48		205
			Series - 2018 2 (Class A1)

385

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	REFERENCE RATE & SPREAD	RATE			MATURITY DATE	VALUE (000)
$	161,043	g,i	Sequoia Mortgage Trust			3.500	%	02/25/48	$	163
			Series - 2018 2 (Class A19)
	34,226	g,i	Sequoia Mortgage Trust			4.000		09/25/48		35
			Series - 2018 7 (Class A19)
	8,651	g,i	Sequoia Mortgage Trust			4.000		11/25/48		9
			Series - 2018 8 (Class A19)
	657,710	g,i	Sequoia Mortgage Trust			4.000		06/25/49		668
			Series - 2019 2 (Class A1)
	155,634	g,i	Sequoia Mortgage Trust			4.000		06/25/49		158
			Series - 2019 2 (Class A19)
	486,887	g,i	Sequoia Mortgage Trust			3.500		11/25/49		491
			Series - 2019 4 (Class A1)
	583,096	g,i	Sequoia Mortgage Trust			3.500		12/25/49		591
			Series - 2019 5 (Class A1)
	325,849	g,i	Sequoia Mortgage Trust			3.500		12/25/49		329
			Series - 2019 5 (Class A19)
	1,615,702	g,i	Sequoia Mortgage Trust			3.500		03/25/50		1,654
			Series - 2020 2 (Class A1)
	1,366,422	g,i	Sequoia Mortgage Trust			3.000		04/25/50		1,392
			Series - 2020 3 (Class A19)
	2,854,852	g,i	Sequoia Mortgage Trust			2.500		06/25/51		2,864
			Series - 2021 4 (Class A19)
	15,868	g,i	Shellpoint Co-Originator Trust			3.500		11/25/46		16
			Series - 2016 1 (Class 1A10)
	602,917	g,i	Shellpoint Co-Originator Trust			3.500		10/25/47		611
			Series - 2017 2 (Class A1)
	14,390,000	g	SLG Office Trust			2.585		07/15/41		14,874
			Series - 2021 OVA (Class A)
	111,311	i	Structured Agency Credit Risk Debt Note (STACR)	LIBOR 1 M + 1.350%		1.436		03/25/29		111
			Series - 2016 HQA3 (Class M2)
	352,218	i	STACR	LIBOR 1 M + 1.200%		1.286		10/25/29		352
			Series - 2017 DNA2 (Class M1)
	2,232,388	i	STACR	LIBOR 1 M + 2.300%		2.472		08/25/30		2,261
			Series - 2018 HQA1 (Class M2)
	85,000	g,i	STACR			2.300		08/25/33		86
			Series - 2021 HQA1 (Class M2)
	5,050,000	g,i	STACR			2.150		10/25/33		5,153
			Series - 2021 DNA3 (Class M2)
	129,298	g,i	STACR			4.039		09/25/47		129
			Series - 2017 SPI1 (Class M2)
	1,600,000	g,i	Verus Securitization Trust			3.139		07/25/59		1,608
			Series - 2019 3 (Class M1)
	982,000	g,i	Verus Securitization Trust			3.207		11/25/59		997
			Series - 2019 4 (Class M1)
	954,617	g	Verus Securitization Trust			1.733		05/25/65		959
			Series - 2020 5 (Class A3)
	1,030,000		Wells Fargo Commercial Mortgage Trust			3.539		10/15/45		1,054
			Series - 2012 LC5 (Class AS)
	163,526	g,i	Wells Fargo Mortgage Backed Securities Trust			4.000		04/25/49		164
			Series - 2019 2 (Class A17)
	416,899	g,i	Wells Fargo Mortgage Backed Securities Trust			3.000		07/25/50		424
			Series - 2020 4 (Class A17)

386

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	6,060,000	g,i	Wells Fargo Mortgage Backed Securities Trust		2.500	%	06/25/51	$	6,063
			Series - 2021 2 (Class A17)
	268,686	g,i	WinWater Mortgage Loan Trust		3.856		06/20/44		270
			Series - 2014 1 (Class B4)
			TOTAL OTHER MORTGAGE BACKED						432,261
			TOTAL STRUCTURED ASSETS						696,587
			(Cost $686,742)
			TOTAL BONDS						7,669,252
			(Cost $7,493,940)
SHARES			COMPANY
COMMON STOCKS - 57.8%
AUTOMOBILES & COMPONENTS - 1.5%
	211,252	*	American Axle & Manufacturing Holdings, Inc						1,861
	117,982	*	Aptiv plc						17,576
	167,538		Bayerische Motoren Werke AG.						15,913
	59,102		Bayerische Motoren Werke AG. (Preference)						4,483
	14,525		BorgWarner, Inc						628
	218,082		Denso Corp						14,240
	174,346		Magna International, Inc						13,121
	70,775		Michelin (C.G.D.E.) (Class B)						10,853
	61,500		Stanley Electric Co Ltd						1,553
	187,604	*	Tesla, Inc						145,483
	2,417,500	*	Toyota Motor Corp						43,073
	239,534		Valeo S.A.						6,685
			TOTAL AUTOMOBILES & COMPONENTS						275,469
BANKS - 3.0%
	2,364		Ameris Bancorp						123
	27,986		Associated Banc-Corp						599
	932,424		Australia & New Zealand Banking Group Ltd						18,725
	2,703,267		Banco Bilbao Vizcaya Argentaria S.A.						17,843
	1,199,709		Bank Hapoalim Ltd						10,538
	206,061		Bank of Montreal						20,572
	368,526		Bank of Nova Scotia						22,683
	50,471		Bank OZK						2,169
	2,405		Banner Corp						133
	50,885		Berkshire Hills Bancorp, Inc						1,373
	360,559	e	BNP Paribas S.A.						23,069
	3,834,500		BOC Hong Kong Holdings Ltd						11,555
	8,511		Brookline Bancorp, Inc						130
	10,169		Bryn Mawr Bank Corp						467
	2,629		Cadence BanCorp						58
	2,629,194		CaixaBank S.A.						8,153
	6,038		Camden National Corp						289
	79,444	e	Canadian Imperial Bank of Commerce						8,844
	557,240		Citigroup, Inc						39,107
	493,445		Citizens Financial Group, Inc						23,182

387

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
	2,120		Columbia Banking System, Inc	$	81
	113,440		Comerica, Inc		9,132
	747		Commerce Bancshares, Inc		52
	434,454		Commonwealth Bank of Australia		32,241
	889		Community Trust Bancorp, Inc		37
	3,881		Cullen/Frost Bankers, Inc		460
	49,821	*	Customers Bancorp, Inc		2,143
	747,493		DBS Group Holdings Ltd		16,563
	84,052		Erste Bank der Oesterreichischen Sparkassen AG.		3,691
	13,135		Federal Agricultural Mortgage Corp (FAMC)		1,425
	7,030		First Busey Corp		173
	47,602		First Republic Bank		9,181
	1,019		Glacier Bancorp, Inc		56
	56,928		Great Western Bancorp, Inc		1,864
	1,984		Hancock Whitney Corp		93
	661,600		Hang Seng Bank Ltd		11,332
	10,817		Heartland Financial USA, Inc		520
	4,964		Heritage Financial Corp		127
	22,048		HomeStreet, Inc		907
	303,495		Huntington Bancshares, Inc		4,692
	6,620,966		Intesa Sanpaolo S.p.A.		18,744
	122,862		KBC Groep NV		11,083
	229,018		Keycorp		4,951
	25,729		Live Oak Bancshares, Inc		1,637
	291,686		MGIC Investment Corp		4,364
	17,431	*	Mr Cooper Group, Inc		718
	27,409		National Bank Holdings Corp		1,110
	4,267		National Bank of Canada		328
	938		NBT Bancorp, Inc		34
	490,957		New York Community Bancorp, Inc		6,319
	9,051		Old National Bancorp		153
	179,441		People’s United Financial, Inc		3,135
	56,235		Pinnacle Financial Partners, Inc		5,291
	258,783		PNC Financial Services Group, Inc		50,628
	715,029		Regions Financial Corp		15,237
	2,027,100		Resona Holdings, Inc		8,108
	986,827		Skandinaviska Enskilda Banken AB (Class A)		13,908
	460,298		Societe Generale		14,414
	2,052,620		Standard Chartered plc		11,999
	13,659		Stock Yards Bancorp, Inc		801
	301,200		Sumitomo Mitsui Trust Holdings, Inc		10,373
	20,403	*	SVB Financial Group		13,198
	906,846		Svenska Handelsbanken AB		10,156
	2,226	*	Texas Capital Bancshares, Inc		134
	6,965		TFS Financial Corp		133
	20,196	*	The Bancorp, Inc		514
	4,787		Trico Bancshares		208
	33,943	*	Tristate Capital Holdings, Inc		718
	546,335		Truist Financial Corp		32,043
	1,700		Trustmark Corp		55
	2,050		Umpqua Holdings Corp		42
	12,481		Univest Financial Corp		342
	3,957		Webster Financial Corp		215

388

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
	22,960		WesBanco, Inc	$	782
	2,021		Westamerica Bancorporation		114
	1,123,079		Westpac Banking Corp		20,770
	1,110		Wintrust Financial Corp		89
	1,706		WSFS Financial Corp		88
	57,728		Zions Bancorporation		3,573
			TOTAL BANKS		570,891
CAPITAL GOODS - 3.8%
	226,597		3M Co		39,750
	790		Acuity Brands, Inc		137
	186,861		Ashtead Group plc		14,125
	142,033		Assa Abloy AB		4,120
	213,379		Atlas Copco AB (A Shares)		12,885
	202,746		Atlas Copco AB (B Shares)		10,305
	89,543	*	Axon Enterprise, Inc		15,672
	124,257	*,e	Ballard Power Systems, Inc		1,744
	49,759		Barnes Group, Inc		2,076
	688	*	Beacon Roofing Supply, Inc		33
	247,263	*	Bloom Energy Corp		4,629
	46,560		Bouygues S.A.		1,926
	38,706		Brenntag AG.		3,596
	306,932	*	CAE, Inc		9,170
	18,395		Carlisle Cos, Inc		3,657
	260,482		Carrier Global Corp		13,483
	231,812		Caterpillar, Inc		44,501
	731,123		CNH Industrial NV		12,289
	37,954		Cummins, Inc		8,523
	77,819		Curtiss-Wright Corp		9,819
	38,900		Daifuku Co Ltd		3,648
	84,700		Daikin Industries Ltd		18,468
	92,545		DCC plc		7,715
	149,348		Deere & Co		50,042
	191,221		Eaton Corp		28,551
	6,008		Eiffage S.A.		607
	1,733		EMCOR Group, Inc		200
	50,366		Emerson Electric Co		4,744
	125,801		Fastenal Co		6,493
	108,293		Ferguson plc		15,033
	106,311		Fortive Corp		7,502
	1,653		Fortune Brands Home & Security, Inc		148
	422	*	Generac Holdings, Inc		172
	12,219	*	Herc Holdings, Inc		1,997
	150,507	*	Hexcel Corp		8,939
	58,000	*	Hitachi Construction Machinery Co Ltd		1,629
	1,811		IDEX Corp		375
	170,951		Illinois Tool Works, Inc		35,324
	340,112		Johnson Controls International plc		23,155
	303,500		Kajima Corp		3,889
	1,335,270		Keppel Corp Ltd		5,099
	417,800		Komatsu Ltd		10,006
	573,800		Kubota Corp		12,212
	14,151		Legrand S.A.		1,516
	86		Lennox International, Inc		25

389

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
	182,003		Masco Corp	$	10,110
	105,483	*	Mercury Systems, Inc		5,002
	532,200		Mitsubishi Corp		16,712
	24,647		Moog, Inc (Class A)		1,879
	54,760		MTU Aero Engines Holding AG.		12,311
	4,501	*	MYR Group, Inc		448
	333,800		Obayashi Corp		2,751
	5,749		Owens Corning, Inc		492
	66,313		PACCAR, Inc		5,233
	43,564	*	PAE, Inc		261
	51,089		Parker-Hannifin Corp		14,285
	41,582		Rockwell Automation, Inc		12,227
	39,919		Roper Technologies Inc		17,809
	4,744		Rush Enterprises, Inc (Class A)		214
	256,074		Sandvik AB		5,850
	154,003		Schneider Electric S.A.		25,650
	355,600		Shimizu Corp		2,662
	192,024		Siemens AG.		31,406
	825,000		Singapore Technologies Engineering Ltd		2,303
	10,254		Snap-On, Inc		2,143
	24,665		Stanley Black & Decker, Inc		4,324
	74,212		Trane Technologies plc		12,813
	20,355	*	Trimas Corp		659
	32,441	*	United Rentals, Inc		11,385
	20,908	*	Vectrus, Inc		1,051
	232,500		Vestas Wind Systems A.S.		9,325
	652,029		Volvo AB (B Shares)		14,558
	14,019		W.W. Grainger, Inc		5,510
	1,964		Wabash National Corp		30
	350,496	e	Wartsila Oyj (B Shares)		4,174
	3,684	*	WESCO International, Inc		425
	38,384		Woodward Inc		4,345
	12,800		WSP Global, Inc		1,533
	39,243		Xylem, Inc		4,854
			TOTAL CAPITAL GOODS		704,663
COMMERCIAL & PROFESSIONAL SERVICES - 1.1%
	834		ABM Industries, Inc		38
	11,940		ACCO Brands Corp		103
	25,543		Adecco S.A.		1,280
	295,491		ADT, Inc		2,390
	1,000	*	ASGN Inc		113
	1,175		Brambles Ltd		9
	16,908		Cintas Corp		6,436
	247,661	*	Copart, Inc		34,355
	12,844	*	FTI Consulting, Inc		1,730
	5,059		Heidrick & Struggles International, Inc		226
	9,677	*	Huron Consulting Group, Inc		503
	4,826		ICF International, Inc		431
	310,338		IHS Markit Ltd		36,192
	125,772		Intertek Group plc		8,410
	246,451	*	KAR Auction Services, Inc		4,039
	45,168		Kelly Services, Inc (Class A)		853

390

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
	37,666		Randstad Holdings NV	$	2,536
	319,000		Recruit Holdings Co Ltd		19,499
	686,804		RELX plc (London)		19,770
	21,731		Resources Connection, Inc		343
	55,509		Robert Half International, Inc		5,569
	1,100		Secom Co Ltd		80
	3,476		SGS S.A.		10,118
	11,939		Teleperformance		4,696
	127,127		TransUnion		14,278
	1,668	*	TriNet Group, Inc		158
	15,743		Verisk Analytics, Inc		3,153
	37,171	*	Viad Corp		1,688
	154,168		Waste Management, Inc		23,026
	29,805		Wolters Kluwer NV		3,159
			TOTAL COMMERCIAL & PROFESSIONAL SERVICES		205,181
CONSUMER DURABLES & APPAREL - 1.2%
	51,093		Adidas-Salomon AG.		16,056
	540,582		Barratt Developments plc		4,779
	67,810		Berkeley Group Holdings plc		3,960
	92,878		Burberry Group plc		2,260
	15,787	*	Callaway Golf Co		436
	50,845		DR Horton, Inc		4,270
	102,756		Essilor International S.A.		19,636
	46,726		Ethan Allen Interiors, Inc		1,107
	27,004		Garmin Ltd		4,198
	30,027	*	GoPro, Inc		281
	9,916	*	Green Brick Partners, Inc		204
	804		Hasbro, Inc		72
	4,430		Hermes International		6,112
	25,198	*	iRobot Corp		1,978
	42,213		Lennar Corp (Class A)		3,955
	29,169	*	Lululemon Athletica, Inc		11,805
	19,033	*	Mohawk Industries, Inc		3,376
	10,439		Newell Brands Inc		231
	447,970		Nike, Inc (Class B)		65,059
	2,245	*	NVR, Inc		10,763
	990,000		Panasonic Corp		12,271
	23,595		Pandora AS		2,864
	21,498		Persimmon plc		769
	9,035		Puma AG. Rudolf Dassler Sport		1,004
	448	*	PVH Corp		46
	6,371		SEB S.A.		896
	296,900		Sekisui House Ltd		6,217
	144,849	*	Sonos, Inc		4,687
	316,900		Sony Corp		35,182
	1,162,041		Taylor Wimpey plc		2,424
	64,187		VF Corp		4,300
			TOTAL CONSUMER DURABLES & APPAREL		231,198
CONSUMER SERVICES - 1.4%
	138,079	*	Accor S.A.		4,923
	30,274	*	American Public Education, Inc		775
	22,656	*	Booking Holdings, Inc		53,782

391

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
	35,925	*	Bright Horizons Family Solutions	$	5,009
	31,423		Carriage Services, Inc		1,401
	734,339	*	Compass Group plc		15,018
	46,533		Darden Restaurants, Inc		7,048
	85,084	*	Dave & Buster’s Entertainment, Inc		3,261
	25,371		Domino’s Pizza, Inc		12,101
	40,919	*	El Pollo Loco Holdings, Inc		692
	14,861	*	frontdoor, Inc		623
	7,600		Graham Holdings Co		4,478
	252,239	*	Hilton Worldwide Holdings, Inc		33,323
	158,434	*	InterContinental Hotels Group plc		10,116
	65,700		Oriental Land Co Ltd		10,629
	30,085	*	Planet Fitness, Inc		2,363
	225,907	*	Royal Caribbean Cruises Ltd		20,094
	3,541	*	Shake Shack, Inc		278
	78,908	*	Six Flags Entertainment Corp		3,354
	513,481		Starbucks Corp		56,642
	92,092	*	Terminix Global Holdings, Inc		3,837
	20,592	*	Vail Resorts, Inc		6,879
	81,211		Wendy’s		1,761
	129,335	*	Whitbread plc		5,751
	26,116	*	WW International Inc		477
			TOTAL CONSUMER SERVICES		264,615
DIVERSIFIED FINANCIALS - 3.7%
	725,995		3i Group plc		12,470
	190,090		Ally Financial, Inc		9,704
	335,152		American Express Co		56,148
	65,174		Ameriprise Financial, Inc		17,214
	63,534	g	Amundi S.A.		5,344
	24,514		Annaly Capital Management, Inc		206
	536,569		Bank of New York Mellon Corp		27,816
	66,362		BlackRock, Inc		55,655
	408,443		Brookfield Asset Management, Inc		21,886
	781,031		Charles Schwab Corp		56,890
	135,438		CME Group, Inc		26,191
	47,319		Deutsche Boerse AG.		7,678
	335,524		Discover Financial Services		41,219
	39,964		Eurazeo		3,745
	9,442		Factset Research Systems, Inc		3,728
	103,844		Franklin Resources, Inc		3,086
	10,629	*	Green Dot Corp		535
	374,446		Hong Kong Exchanges and Clearing Ltd		23,010
	407,241		Intercontinental Exchange Group, Inc		46,759
	43,051		Invesco Ltd		1,038
	231,196	*	Kinnevik AB		8,128
	132,543		London Stock Exchange Group plc		13,282
	136,623		Macquarie Group Ltd		17,651
	19,937		MarketAxess Holdings, Inc		8,387
	82,989		Moody’s Corp		29,470
	613,891		Morgan Stanley		59,738
	24,409		Nasdaq Inc		4,711
	12,048	*,†	NewStar Financial, Inc		3

392

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
	281,900	*	Nomura Holdings, Inc	$	1,390
	126,720		Northern Trust Corp		13,662
	5,978	*	PRA Group, Inc		252
	2,150		PROG Holdings, Inc		90
	127,533		S&P Global, Inc		54,188
	126,498		Schroders plc		6,092
	2,186,595		Standard Life Aberdeen plc		7,478
	132,657		State Street Corp		11,239
	68,735		T Rowe Price Group, Inc		13,520
	22,100		Tokyo Century Corp		1,244
	1,244,463		UBS Group AG		19,864
	29,618		Voya Financial, Inc		1,818
	26,666		Wendel		3,685
			TOTAL DIVERSIFIED FINANCIALS		696,214
ENERGY - 2.0%
	390,880		Antero Midstream Corp		4,073
	179,888		APA Corp		3,855
	278,649		Baker Hughes Co		6,891
	1,205,758		Cenovus Energy, Inc (Toronto)		12,157
	3,725	*	ChampionX Corp		83
	141,673	*	Cheniere Energy, Inc		13,837
	595,339		Chevron Corp		60,397
	503,232		ConocoPhillips		34,104
	2,773	*	Delek US Holdings, Inc		50
	594,747		Enbridge, Inc (Toronto)		23,694
	1,259,693		ENI S.p.A.		16,798
	225,315	*	EQT Corp		4,610
	603,330		Equinor ASA		15,343
	289,142	*,e	Frank’s International NV		850
	500,914		Galp Energia SGPS S.A.		5,689
	271,927	*	Helix Energy Solutions Group, Inc		1,055
	102,520		Hess Corp		8,008
	11,900		Inpex Holdings, Inc		93
	5,808	e	Keyera Corp		146
	1,010,180		Kinder Morgan, Inc		16,900
	6,109		Koninklijke Vopak NV		241
	725,888	*	Kosmos Energy Ltd		2,149
	1,466,181		Marathon Oil Corp		20,043
	233,965		Neste Oil Oyj		13,199
	735,087	*	NOV, Inc		9,637
	5,830	*	Oceaneering International, Inc		78
	151,704		OMV AG.		9,135
	25,563		ONEOK, Inc		1,482
	1,000,603		Repsol YPF S.A.		13,062
	527,272		Schlumberger Ltd		15,628
	114,888	*	Select Energy Services, Inc		596
	795,147	*	Southwestern Energy Co		4,405
	784,816		Suncor Energy, Inc		16,271
	661,346		Total S.A.		31,611
	213,959		Valero Energy Corp		15,099
	991		Woodside Petroleum Ltd		17
			TOTAL ENERGY		381,286

393

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
FOOD & STAPLES RETAILING - 0.6%
	293,800		Aeon Co Ltd	$	7,724
	232,229		Alimentation Couche Tard, Inc		8,885
	200,965	*	BJ’s Wholesale Club Holdings, Inc		11,037
	86,085		Carrefour S.A.		1,543
	13,275		Coles Group Ltd		161
	77,367		George Weston Ltd		8,345
	1,559		ICA Gruppen AB		72
	1,743,514		J Sainsbury plc		6,683
	1,474		Jeronimo Martins SGPS S.A.		29
	75,900		Kobe Bussan Co Ltd		2,480
	800		Lawson, Inc		39
	138,558		Loblaw Cos Ltd		9,508
	177,046	*	Ocado Ltd		3,957
	51,050	*	Performance Food Group Co		2,372
	38,843		Pricesmart, Inc		3,012
	63,935		SpartanNash Co		1,400
	214,609	*	Sprouts Farmers Market, Inc		4,972
	4,322,259		Tesco plc		14,720
	98,385	*	United Natural Foods, Inc		4,764
	261,600	*	US Foods Holding Corp		9,067
	1,600		Welcia Holdings Co Ltd		58
	1,824,513		WM Morrison Supermarkets plc		7,240
			TOTAL FOOD & STAPLES RETAILING		108,068
FOOD, BEVERAGE & TOBACCO - 2.0%
	91,915	*,e	a2 Milk Co Ltd		407
	332,000		Ajinomoto Co, Inc		9,811
	75,853		Archer-Daniels-Midland Co		4,552
	334,425		Associated British Foods plc		8,325
	3,726		Barry Callebaut AG.		8,451
	51,772	*,e	Beyond Meat, Inc		5,450
	1,758		Bunge Ltd		143
	84,031		Campbell Soup Co		3,513
	1,345,962		Coca-Cola Co		70,623
	200,858		Coca-Cola European Partners plc (Class A)		11,105
	211,279		Coca-Cola HBC AG.		6,808
	245,617		Danone		16,746
	14,883	*	Darling International, Inc		1,070
	56,665		Fresh Del Monte Produce, Inc		1,826
	390,485		General Mills, Inc		23,359
	2,360	*	Hain Celestial Group, Inc		101
	221,446		Hormel Foods Corp		9,079
	141,023		Kellogg Co		9,014
	96,771		Kerry Group plc (Class A)		13,003
	136,700		Kikkoman Corp		11,124
	77,203		McCormick & Co, Inc		6,256
	88,600		MEIJI Holdings Co Ltd		5,728
	113,527		Mowi ASA		2,884
	590,869		Nestle S.A.		71,194
	29,600		Nissin Food Products Co Ltd		2,375
	302,914		Orkla ASA		2,780
	478,347		PepsiCo, Inc		71,948

394

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
	141,100		Suntory Beverage & Food Ltd	$	5,849
	6,454	*	TreeHouse Foods, Inc		257
	10,400		Yakult Honsha Co Ltd		526
			TOTAL FOOD, BEVERAGE & TOBACCO		384,307
HEALTH CARE EQUIPMENT & SERVICES - 3.5%
	39,004	*	Abiomed, Inc		12,697
	40,357	*,e	Accelerate Diagnostics, Inc		235
	45,181	*	Align Technology, Inc		30,065
	267,129	*	Allscripts Healthcare Solutions, Inc		3,571
	20,884		Ambu A.S.		618
	4,493		Amplifon S.p.A.		214
	64,063	*	Angiodynamics, Inc		1,662
	8,730	*	AtriCure, Inc		607
	1,253	*	Axonics Modulation Technologies, Inc		82
	26,339		Cardinal Health, Inc		1,303
	431,111	*	Centene Corp		26,863
	321,561		Cerner Corp		22,676
	249,927	*	Cerus Corp		1,522
	197,083		Cigna Corp		39,448
	6,294		Cochlear Ltd		985
	50,637		Coloplast AS		7,918
	22,324	*	Computer Programs & Systems, Inc		792
	37,025		Cooper Cos, Inc		15,303
	91,950	*	Covetrus, Inc		1,668
	232,065		Danaher Corp		70,650
	94	*	DaVita, Inc		11
	186,874		Dentsply Sirona, Inc		10,848
	50,900	*	DexCom, Inc		27,835
	379,246	*	Edwards Lifesciences Corp		42,934
	147,751	*	Envista Holdings Corp		6,177
	357,986		Fisher & Paykel Healthcare Corp		7,874
	14,264	*	Glaukos Corp		687
	13,596	*	Globus Medical, Inc		1,042
	25,638		GN Store Nord		1,773
	10,855	*	Guardant Health, Inc		1,357
	6,003	*	Haemonetics Corp		424
	112,999		HCA Healthcare, Inc		27,427
	59,326	*	Health Catalyst, Inc		2,967
	26,027	*	Henry Schein, Inc		1,982
	5,801	*,e	Heska Corp		1,500
	100,288	*	Hologic, Inc		7,402
	93,546		Humana, Inc		36,403
	52,939	*	IDEXX Laboratories, Inc		32,923
	8,609	*	Inogen, Inc		371
	527	*	Insulet Corp		150
	19,717	*	Integer Holding Corp		1,761
	20,890	*	Intersect ENT, Inc		568
	51,875	*	Intuitive Surgical, Inc		51,572
	40,955	*	Laboratory Corp of America Holdings		11,526
	27,738		LeMaitre Vascular, Inc		1,473
	8,932	*	LivaNova plc		707
	1,600	*	Magellan Health Services, Inc		151
	14,728	*	Meridian Bioscience, Inc		283

395

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
	60,333	*	Merit Medical Systems, Inc	$	4,332
	104,848	*	NextGen Healthcare, Inc		1,478
	74	*	Novocure Ltd		9
	38,265	*	Omnicell, Inc		5,680
	57,111	*	OraSure Technologies, Inc		646
	32,369	*	Orthofix Medical Inc		1,234
	14,020	*	Penumbra, Inc		3,736
	2,830		Premier, Inc		110
	25,841		Quest Diagnostics, Inc		3,755
	63,096	*	Quidel Corp		8,906
	143,876		Ramsay Health Care Ltd		7,130
	73,551		Resmed, Inc		19,384
	282,183		Ryman Healthcare Ltd		2,936
	34,038		Sonova Holdings AG		12,863
	43,218	*	Staar Surgical Co		5,555
	29,729		STERIS plc		6,073
	78,900		Sysmex Corp		9,800
	29,138	*	Tactile Systems Technology, Inc		1,295
	15,158	*	Tandem Diabetes Care, Inc		1,810
	91,325	*	Teladoc, Inc		11,581
	16,267	*	Triple-S Management Corp (Class B)		575
	56,255	*	Vocera Communications, Inc		2,574
	40,260		West Pharmaceutical Services, Inc		17,092
			TOTAL HEALTH CARE EQUIPMENT & SERVICES		647,561
HOUSEHOLD & PERSONAL PRODUCTS - 1.4%
	32,966		Beiersdorf AG.		3,557
	75,747		Clorox Co		12,544
	276,482		Colgate-Palmolive Co		20,897
	367,053		Essity AB		11,384
	144,354		Estee Lauder Cos (Class A)		43,296
	108,270		Henkel KGaA		9,314
	37,753		Henkel KGaA (Preference)		3,493
	172,500		Kao Corp		10,266
	58,571		Kimberly-Clark Corp		7,757
	800		Kose Corp		96
	200		Lion Corp		3
	66,305		L’Oreal S.A.		27,437
	685,551		Procter & Gamble Co		95,840
	189,400		Shiseido Co Ltd		12,729
	234,200		Uni-Charm Corp		10,378
			TOTAL HOUSEHOLD & PERSONAL PRODUCTS		268,991
INSURANCE - 2.0%
	1,841,148		Aegon NV		9,504
	288,217		Aflac, Inc		15,025
	112,809		Allianz AG.		25,274
	102,285		Allstate Corp		13,022
	9,883		Arthur J. Gallagher & Co		1,469
	519,493		Assicurazioni Generali S.p.A.		11,002
	2,426,453		Aviva plc		12,860
	574,060		AXA S.A.		15,909
	210,994		Chubb Ltd		36,603

396

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
	173,885		CNP Assurances	$	2,744
	1,814	*	eHealth, Inc		74
	970,098	*	Genworth Financial, Inc (Class A)		3,638
	3,594,369		Legal & General Group plc		13,504
	78,593		Lincoln National Corp		5,403
	187,465		Loews Corp		10,110
	516,326		Manulife Financial Corp (Toronto)		9,938
	250,225		Marsh & McLennan Cos, Inc		37,892
	35,900		Metlife, Inc		2,216
	82,300		MS&AD Insurance Group Holdings Inc		2,753
	31,684		Muenchener Rueckver AG.		8,646
	49,367		NN Group NV		2,586
	642		Principal Financial Group		41
	262,460		Progressive Corp		23,724
	284,789		Prudential Financial, Inc		29,960
	304,703		QBE Insurance Group Ltd		2,510
	232,800		Sompo Holdings, Inc		10,100
	75,475		Sun Life Financial, Inc		3,885
	4,443		Swiss Life Holding		2,239
	120,642		Swiss Re Ltd		10,297
	129,300		Tokio Marine Holdings, Inc		6,931
	136,616		Travelers Cos, Inc		20,767
	14,487		Willis Towers Watson plc		3,368
	49,305		Zurich Insurance Group AG		20,162
			TOTAL INSURANCE		374,156
MATERIALS - 2.5%
	100,455		Agnico-Eagle Mines Ltd		5,212
	132,474		Air Liquide		21,217
	16,377		Amcor plc		190
	422,169		Antofagasta plc		7,672
	10,825		Aptargroup, Inc		1,292
	480,800		Asahi Kasei Corp		5,152
	656,561		B2Gold Corp		2,245
	256,079		Ball Corp		23,039
	175,954		BASF SE		13,339
	210,005		BlueScope Steel Ltd		3,043
	288,473		Boliden AB		9,237
	83,968	*	Century Aluminum Co		1,129
	80		Chr Hansen Holding A/S		7
	1,679		Compass Minerals International, Inc		108
	322,410		CRH plc		15,216
	64,645		Croda International plc		7,407
	45,293		DSM NV		9,058
	399,313		DuPont de Nemours, Inc		27,149
	205,737		Ecolab, Inc		42,921
	496,318		Evolution Mining Ltd		1,255
	820,503		Fortescue Metals Group Ltd		8,740
	65,998		Franco-Nevada Corp		8,574
	3,439		Givaudan S.A.		15,679
	102,204		HeidelbergCement AG.		7,625
	204,900	*	Hitachi Metals Ltd		3,957
	61,179		International Flavors & Fragrances, Inc		8,181
	1,576		International Paper Co		88

397

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
	11,455		Johnson Matthey plc	$	411
	17,930	*	Koppers Holdings, Inc		560
	2,995		Linde plc		879
	16,003		Martin Marietta Materials, Inc		5,468
	302,800		Mitsubishi Chemical Holdings Corp		2,757
	61,692		Mitsui Chemicals, Inc		2,061
	279,116		Mondi plc		6,840
	134,533		Mosaic Co		4,806
	431,268		Newcrest Mining Ltd		7,149
	441,368		Newmont Goldcorp Corp		23,966
	48,000		Nippon Paint Co Ltd		523
	600,800		Nippon Steel Corp		10,806
	89,700		Nitto Denko Corp		6,385
	1,396,689		Norsk Hydro ASA		10,425
	138,515		Nucor Corp		13,642
	255,943		Nutrien Ltd (Toronto)		16,612
	19,989		PPG Industries, Inc		2,859
	2,785		Reliance Steel & Aluminum Co		397
	5,386		Schnitzer Steel Industries, Inc (Class A)		236
	116,800		Shin-Etsu Chemical Co Ltd		19,712
	48,119		Sika AG.		15,214
	152,065		Stora Enso Oyj (R Shares)		2,533
	1,341,900		Sumitomo Chemical Co Ltd		6,965
	241,100		Sumitomo Metal Mining Co Ltd		8,718
	151,831	*	Summit Materials, Inc		4,854
	368,271		Svenska Cellulosa AB (B Shares)		5,707
	484,117		Teck Cominco Ltd		12,051
	9,000		Toray Industries, Inc		57
	24,182		Trinseo S.A.		1,305
	174,527		Umicore S.A.		10,325
	24,373		UPM-Kymmene Oyj		863
	112,930		Voestalpine AG.		4,171
	120,838		Wheaton Precious Metals Corp		4,549
			TOTAL MATERIALS		462,538
MEDIA & ENTERTAINMENT - 2.8%
	474,127		Activision Blizzard, Inc		36,693
	3,088		Cable One, Inc		5,599
	109,600		Capcom Co Ltd		3,045
	23,422	*	Cardlytics, Inc		1,966
	195,835	*,e	Cinemark Holdings, Inc		3,762
	781,656		Comcast Corp (Class A)		43,718
	76	*,e	Discovery, Inc (Class A)		2
	306,633	*	Discovery, Inc (Class C)		7,442
	167,100		Electronic Arts, Inc		23,770
	162,479		Gray Television, Inc		3,708
	109,942	*	iHeartMedia, Inc		2,751
	90,725	*	Imax Corp		1,722
	1,140,341	*	Informa plc		8,386
	109,286		Interpublic Group of Cos, Inc		4,007
	52,093		John Wiley & Sons, Inc (Class A)		2,720
	20,610	*	Liberty Broadband Corp (Class A)		3,470
	181,181	*	Liberty Broadband Corp (Class C)		31,290

398

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
	237,290	*	Live Nation, Inc	$	21,624
	108,797	*	Netflix, Inc		66,403
	62,705		New York Times Co (Class A)		3,089
	35,500		Nintendo Co Ltd		16,965
	311,969		Omnicom Group, Inc		22,605
	5,556	*	Roku, Inc		1,741
	41,716		Scholastic Corp		1,487
	10,426		Seek Ltd		229
	84,576		Sinclair Broadcast Group, Inc (Class A)		2,679
	2,186,227	e	Sirius XM Holdings, Inc		13,336
	9,104	*	Snap, Inc		672
	83,402	*	Take-Two Interactive Software, Inc		12,850
	9,574		TEGNA, Inc		189
	188,364	*	TripAdvisor, Inc		6,376
	733,050	*	Twitter, Inc		44,269
	157,334	*	Vivendi SE		4,213
	157,334	e	Vivendi Universal S.A.		1,981
	527,060	*	Walt Disney Co		89,163
	41,782		World Wrestling Entertainment, Inc (Class A)		2,351
	766,310		WPP plc		10,267
	964,600		Z Holdings Corp		6,173
	1,611,925	*	Zynga, Inc		12,138
			TOTAL MEDIA & ENTERTAINMENT		524,851
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 4.2%
	56,930	*	Acadia Pharmaceuticals, Inc		946
	77,531	*	Aerie Pharmaceuticals, Inc		884
	239,207		Agilent Technologies, Inc		37,682
	49,927	*	Agios Pharmaceuticals, Inc		2,304
	192,378		Amgen, Inc		40,909
	22,172	*	AnaptysBio, Inc		601
	224,873	*	Antares Pharma, Inc		819
	789,014		Astellas Pharma, Inc		12,986
	305,855		AstraZeneca plc		36,861
	12,920		AstraZeneca plc (ADR)		776
	73,556	*	Atara Biotherapeutics, Inc		1,317
	7,622	*	Avrobio, Inc		43
	2,859	*,e	Axsome Therapeutics, Inc		94
	107,053	*	Bausch Health Cos, Inc		2,985
	270,463	*	BioCryst Pharmaceuticals, Inc		3,887
	62,596	*	Biogen, Inc		17,714
	50,127	*	BioMarin Pharmaceutical, Inc		3,874
	56,307	*	Bluebird Bio, Inc		1,076
	771,895		Bristol-Myers Squibb Co		45,673
	235,855	*,e	Canopy Growth Corp (Toronto)		3,268
	294,191		Chugai Pharmaceutical Co Ltd		10,766
	58,062	*	Collegium Pharmaceutical, Inc		1,146
	121,183		CSL Ltd		25,319
	172,300		Daiichi Sankyo Co Ltd		4,580
	92,300		Eisai Co Ltd		6,914
	290,754		Eli Lilly & Co		67,179
	5,911	*,e	Esperion Thereapeutics, Inc		71
	2,088	*	Exact Sciences Corp		199
	39,409	*	Flexion Therapeutics, Inc		240

399

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
	7,234	*	Genmab AS	$	3,161
	393,633		Gilead Sciences, Inc		27,495
	1,394,437		GlaxoSmithKline plc		26,317
	35,779	*	Halozyme Therapeutics, Inc		1,455
	750	*	Horizon Therapeutics Plc		82
	17,311	*	Illumina, Inc		7,022
	35,026	*	Insmed, Inc		965
	97,521	*	Intra-Cellular Therapies, Inc		3,636
	69,733	*	IQVIA Holdings, Inc		16,704
	29,305	*	Jazz Pharmaceuticals plc		3,816
	76,245	*,e	Karyopharm Therapeutics, Inc		444
	25,293		Lonza Group AG.		18,973
	34,997	*	MacroGenics, Inc		733
	65,542		Merck KGaA		14,186
	6,300	*	Mettler-Toledo International, Inc		8,677
	3,119	*	Mirati Therapeutics, Inc		552
	45,262	*	Novavax, Inc		9,383
	401,075		Novo Nordisk AS		38,659
	341,800		Ono Pharmaceutical Co Ltd		7,794
	387,642	*,e	Opko Health, Inc		1,415
	96,567		Orion Oyj (Class B)		3,823
	45,551		Perrigo Co plc		2,156
	70,172	*	Prothena Corp plc		4,998
	99,790	*,e	Provention Bio, Inc		639
	10,876	*	Regeneron Pharmaceuticals, Inc		6,582
	15,548	*	Repligen Corp		4,493
	80,012	*	Revance Therapeutics, Inc		2,229
	149,771		Roche Holding AG.		54,662
	6,648	*	Sage Therapeutics, Inc		295
	94,032	*	Sangamo Therapeutics Inc		847
	18,000		Santen Pharmaceutical Co Ltd		253
	125,300		Shionogi & Co Ltd		8,574
	181,200		Sumitomo Dainippon Pharma Co Ltd		3,239
	637,766	*,e	TherapeuticsMD, Inc		473
	131,376		Thermo Fisher Scientific, Inc		75,059
	103,681		UCB S.A.		11,610
	30,351	*	Ultragenyx Pharmaceutical, Inc		2,737
	148,356	*	Vertex Pharmaceuticals, Inc		26,910
	15,961		Vifor Pharma AG.		2,069
	19,885	*	Waters Corp		7,105
	235,487	*,e	ZIOPHARM Oncology, Inc		429
	250,233		Zoetis, Inc		48,580
	15,799	*	Zogenix, Inc		240
			TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		790,584
REAL ESTATE - 2.0%
	52,697		Alexandria Real Estate Equities, Inc		10,069
	211,258		American Tower Corp		56,070
	76,872		Boston Properties, Inc		8,329
	768,947		British Land Co plc		5,103
	60,579		Brixmor Property Group, Inc		1,339
	2,693,773	*,e	Capitaland Investment Ltd		6,745
	416,653	e	CapitaMall Trust		620

400

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
	32,768		CatchMark Timber Trust, Inc	$	389
	90,156	*	CBRE Group, Inc		8,778
	176,600	e	City Developments Ltd		894
	8,592		Coresite Realty		1,190
	26,996		Cousins Properties, Inc		1,007
	49,297		Crown Castle International Corp		8,544
	33,379		CyrusOne, Inc		2,584
	301,100		Daiwa House Industry Co Ltd		10,037
	155,597		Deutsche Wohnen AG.		9,514
	333,288	*	DiamondRock Hospitality Co		3,150
	6,866		Douglas Emmett, Inc		217
	22,810		Easterly Government Properties, Inc		471
	38,552		Equinix, Inc		30,461
	35,008		First Industrial Realty Trust, Inc		1,823
	28,167		Fonciere Des Regions		2,367
	55,983		Franklin Street Properties Corp		260
	539		Gecina S.A.		73
	710,446		Goodman Group		10,932
	683,337		GPT Group		2,461
	215,709		Healthpeak Properties Inc		7,222
	320,581	*	Host Hotels and Resorts, Inc		5,235
	34,542	*	Howard Hughes Corp		3,033
	26,120		Hudson Pacific Properties		686
	274,300		Hulic Co Ltd		3,055
	945		Iron Mountain, Inc		41
	30,104	e	iStar Inc		755
	6,486	*	Jones Lang LaSalle, Inc		1,609
	4,380		Kilroy Realty Corp		290
	95,863		Kimco Realty Corp		1,989
	35,872		Klepierre		802
	55,191		Lend Lease Corp Ltd		424
	1,390,900		Link REIT		11,911
	260,049	e	Macerich Co		4,345
	1,039,835		Mirvac Group		2,206
	559,000		Mitsubishi Estate Co Ltd		8,901
	357,710		Mitsui Fudosan Co Ltd		8,497
	97,100		Nomura Real Estate Holdings, Inc		2,525
	432,291	*	Park Hotels & Resorts, Inc		8,274
	1,743		Piedmont Office Realty Trust, Inc		30
	370,196		Prologis, Inc		46,434
	66,712	*	Realogy Holdings Corp		1,170
	17,946		Regency Centers Corp		1,208
	2,740		RMR Group, Inc		92
	53,969		SBA Communications Corp		17,841
	672,078		Segro plc		10,796
	888,670		Stockland Trust Group		2,818
	518,500		Swire Pacific Ltd (Class A)		3,068
	1,252,400		Swire Properties Ltd		3,140
	126,814	*,e	Unibail-Rodamco-Westfield		9,334
	70,270		Ventas, Inc		3,880
	179,548		Vicinity Centres		212
	188,385		Welltower, Inc		15,523
	252,581		Weyerhaeuser Co		8,984
	63,158	*	Xenia Hotels & Resorts, Inc		1,121
			TOTAL REAL ESTATE		380,878

401

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
RETAILING - 2.3%
	45,506	*	1-800-FLOWERS.COM, Inc (Class A)	$	1,388
	17,171		Advance Auto Parts, Inc		3,587
	99	*	Burlington Stores, Inc		28
	2,874	*	CarMax, Inc		368
	70,034	*,g	Delivery Hero AG.		8,933
	116,465	*	Designer Brands, Inc		1,622
	630,001		eBay, Inc		43,892
	13,700		Fast Retailing Co Ltd		10,104
	7,052	*	Five Below, Inc		1,247
	23,876		Gap, Inc		542
	25,942	*	Genesco, Inc		1,498
	679		Genuine Parts Co		82
	85,122	*	HelloFresh SE		7,845
	54,715		Hennes & Mauritz AB (B Shares)		1,108
	31,149		Hibbett Sports, Inc		2,204
	298,922		Home Depot, Inc		98,124
	266,617		Industria De Diseno Textil S.A.		9,810
	185,262		JD Sports Fashion plc		2,604
	23,700		Kering		16,833
	579,682		Kingfisher plc		2,617
	20,161	*	Lands’ End, Inc		475
	83,685	*	LKQ Corp		4,211
	226,723		Lowe’s Companies, Inc		45,993
	444,494		Macy’s, Inc		10,046
	38,743	*	MarineMax, Inc		1,880
	370	*	MercadoLibre, Inc		621
	40,457		Next plc		4,450
	569		Pool Corp		247
	175,930		Prosus NV		14,082
	157,019	*	Quotient Technology, Inc		914
	144,672	*	RealReal, Inc		1,907
	46,809		Ross Stores, Inc		5,095
	1,746	*	Sally Beauty Holdings, Inc		29
	34,896		Shoe Carnival, Inc		1,131
	232,379		Target Corp		53,161
	492,967		TJX Companies, Inc		32,526
	17,873		Tractor Supply Co		3,621
	129,300	*,e	Wayfair, Inc		33,037
	52,215		Wesfarmers Ltd		2,077
	874		Winmark Corp		188
	44,352	*,g	Zalando SE		4,045
	20,869	*	Zumiez, Inc		830
			TOTAL RETAILING		435,002
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.7%
	430,378		Applied Materials, Inc		55,403
	85,904		ASML Holding NV		64,175
	23,227	*	Cirrus Logic, Inc		1,913
	29,210	*	Cree, Inc		2,358
	78,819	*	First Solar, Inc		7,524
	1,419,328		Intel Corp		75,622

402

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
	89,302		Lam Research Corp	$	50,826
	587,450		NVIDIA Corp		121,696
	781,638	*	ON Semiconductor Corp		35,776
	20,096	*	Silicon Laboratories, Inc		2,817
	354,934		Texas Instruments, Inc		68,222
	46,400		Tokyo Electron Ltd		20,498
	13,005		Universal Display Corp		2,223
			TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		509,053
SOFTWARE & SERVICES - 8.0%
	223,899		Accenture plc		71,630
	140,707	*	Adobe, Inc		81,008
	146,429	*	Amadeus IT Holding S.A.		9,631
	9,303	*	Anaplan, Inc		566
	9,230	*	Ansys, Inc		3,142
	23,321	*	Aspen Technology, Inc		2,864
	102,884		Atos Origin S.A.		5,465
	149,069	*	Autodesk, Inc		42,510
	200,690		Automatic Data Processing, Inc		40,122
	157,497	*	Avaya Holdings Corp		3,117
	59,147	*	Benefitfocus, Inc		657
	11,915	*	Bill.Com Holdings, Inc		3,181
	90,627	*	Blackline, Inc		10,699
	143,512	*	Cadence Design Systems, Inc		21,733
	75,181		Cap Gemini S.A.		15,591
	54,183	*	ChannelAdvisor Corp		1,367
	3,908		Computershare Ltd		51
	28,399	*	Concentrix Corp		5,027
	59,654		CSG Systems International, Inc		2,875
	118,921		Dolby Laboratories, Inc (Class A)		10,465
	457,886	*	DXC Technology Co		15,390
	40,540	*	Elastic NV		6,040
	59,709	*	ExlService Holdings, Inc		7,351
	112,141	*	Five9, Inc		17,913
	90,100		Fujitsu Ltd		16,282
	113	*	HubSpot, Inc		76
	402,739		International Business Machines Corp		55,953
	111,365		Intuit, Inc		60,083
	245,964	*,e	Limelight Networks, Inc		585
	261,466		Mastercard, Inc (Class A)		90,906
	1,428,989		Microsoft Corp		402,861
	197,081		NEC Corp		10,680
	91,636	*	New Relic, Inc		6,577
	206,400		Nomura Research Institute Ltd		7,587
	129,100	*	Nutanix, Inc		4,867
	111,925	*	Okta, Inc		26,564
	6,151	*	OneSpan, Inc		115
	1,800		Otsuka Corp		93
	29,127	*	Paylocity Holding Corp		8,167
	337,180	*	PayPal Holdings, Inc		87,738
	57,486	*	Perficient, Inc		6,651
	22,642	*	Qualys, Inc		2,520
	30,733	*	Rapid7, Inc		3,473
	299,532	*	salesforce.com, Inc		81,239

403

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
	254,020		SAP AG.	$	34,351
	92,716	*	ServiceNow, Inc		57,694
	26,764	*	Shopify, Inc (Class A) (Toronto)		36,328
	37,192	*	Smartsheet, Inc		2,560
	64,109	*	SPS Commerce, Inc		10,341
	33,000		Sumisho Computer Systems Corp		698
	119,055	*	SVMK, Inc		2,333
	62,799	*	Teradata Corp		3,602
	31,388		TTEC Holdings, Inc		2,936
	143,078	*,e	VMware, Inc (Class A)		21,276
	77,486	*	WEX, Inc		13,648
	156,497		Wisetech Global Ltd		5,935
	174,094	*	Workday, Inc		43,504
	9,773	*	Workiva, Inc		1,378
	94,814	*	Xero Ltd		9,304
			TOTAL SOFTWARE & SERVICES		1,497,300
TECHNOLOGY HARDWARE & EQUIPMENT - 2.1%
	76,602		Avnet, Inc		2,832
	3,200		Azbil Corp		138
	34,953		Benchmark Electronics, Inc		934
	138,198	*	Ciena Corp		7,096
	1,390,687		Cisco Systems, Inc		75,695
	204,618		Cognex Corp		16,414
	35,948		CTS Corp		1,111
	4,523	*	ePlus, Inc		464
	53,745	*	Fabrinet		5,509
	3,600		Fujifilm Holdings Corp		311
	1,622,028		Hewlett Packard Enterprise Co		23,114
	1,299,016		HP, Inc		35,541
	3,200		Ibiden Co Ltd		176
	41,421	*	Insight Enterprises, Inc		3,731
	4,037	*	Itron, Inc		305
	50,374		Keyence Corp		30,067
	164,738	*	Keysight Technologies, Inc		27,065
	34,761	*	Kimball Electronics, Inc		896
	128,945	*	Knowles Corp		2,416
	15,513	*	Lumentum Holdings, Inc		1,296
	8,736		Methode Electronics, Inc		367
	4,828		Motorola Solutions, Inc		1,122
	216,800		Murata Manufacturing Co Ltd		19,176
	56,510		National Instruments Corp		2,217
	3,862	*	Novanta, Inc		597
	57,800		Omron Corp		5,719
	732	*	OSI Systems, Inc		69
	64,222	*	Ribbon Communications, Inc		384
	11,983	*	Rogers Corp		2,235
	5,900		Shimadzu Corp		259
	32,734		SYNNEX Corp		3,408
	151,500		TDK Corp		5,463
	44,142	*	Teledyne Technologies, Inc		18,963
	426,283	*	Trimble Inc		35,062
	182,563	*	TTM Technologies, Inc		2,295

404

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
	76,602		Vishay Intertechnology, Inc	$	1,539
	18,093	*	Vishay Precision Group, Inc		629
	289,825		Vontier Corp		9,738
	321,546		Xerox Holdings Corp		6,486
	69,434	*	Zebra Technologies Corp (Class A)		35,788
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		386,627
TELECOMMUNICATION SERVICES - 1.2%
	4,451		AT&T, Inc		120
	5,021,923	*	BT Group plc		10,766
	175,274	*	Iridium Communications, Inc		6,985
	562,532		KDDI Corp		18,520
	75,553		Koninklijke KPN NV		238
	2,960	*	Liberty Global plc (Class A)		88
	7,192	*	Liberty Global plc (Class C)		212
	285,900		Nippon Telegraph & Telephone Corp		7,922
	921,525		Orange S. A.		9,966
	185,118		Rogers Communications, Inc (Class B)		8,645
	3,175,800	e	Singapore Telecommunications Ltd		5,717
	1,192,200		Softbank Corp		16,172
	2,271		Swisscom AG.		1,307
	2,071	e	Tele2 AB (B Shares)		31
	394,386		Telefonica Deutschland Holding AG.		1,123
	230,397	e	Telenor ASA		3,878
	217,361		TeliaSonera AB		894
	14,204		TELUS Corp		312
	264,257	*	T-Mobile US, Inc		33,762
	1,340,499		Verizon Communications, Inc		72,400
	10,996,719		Vodafone Group plc		16,734
			TOTAL TELECOMMUNICATION SERVICES		215,792
TRANSPORTATION - 1.4%
	115,400	*	All Nippon Airways Co Ltd		3,000
	46,909		ArcBest Corp		3,836
	143,974	*	Auckland International Airport Ltd		774
	28,359	*	Avis Budget Group, Inc		3,304
	212,420		Canadian National Railway Co		24,616
	47,700		Central Japan Railway Co		7,614
	57,700		CH Robinson Worldwide, Inc		5,020
	1,340,220		CSX Corp		39,858
	829,076	*	Delta Air Lines, Inc		35,327
	314,351		Deutsche Post AG.		19,713
	134,300		East Japan Railway Co		9,491
	48,018	*	Echo Global Logistics, Inc		2,291
	107,144		Expeditors International of Washington, Inc		12,764
	5,727		Kansas City Southern		1,550
	100		Keio Corp		5
	200	*	Kintetsu Corp		7
	29,378		Kuehne & Nagel International AG.		10,030
	459		Landstar System, Inc		73
	1,652,364		MTR Corp		8,893
	135,078		Nippon Yusen Kabushiki Kaisha		10,121
	120,331		Norfolk Southern Corp		28,789
	54,487		Old Dominion Freight Line		15,582

405

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY	VALUE (000)
	61,200		SG Holdings Co Ltd	$	1,731
	672,749	*,e	Singapore Airlines Ltd		2,478
	355,869	*	Sydney Airport		2,090
	159,657	*	Transurban Group		1,609
	1,436,910		Transurban Group		14,482
	200		West Japan Railway Co		10
			TOTAL TRANSPORTATION		265,058
UTILITIES - 1.4%
	200,189	e	Algonquin Power & Utilities Corp		2,935
	293,880		American Electric Power Co, Inc		23,857
	34,091		American Water Works Co, Inc		5,763
	500,415		APA Group		3,117
	1,300,000		CLP Holdings Ltd		12,517
	11,874		CMS Energy Corp		709
	198,101		Consolidated Edison, Inc		14,380
	198,029		Dominion Energy, Inc		14,460
	21,990		DTE Energy Co		2,457
	2,515,242		Enel S.p.A.		19,305
	262,361		Energias de Portugal S.A.		1,378
	143,257		Eversource Energy		11,713
	117,320		Fortis, Inc		5,205
	1,602,508		Iberdrola S.A.		16,122
	503,460		Meridian Energy Ltd		1,703
	164,197		National Grid plc		1,957
	263,382	e	Naturgy Energy Group S.A.		6,630
	85,587	g	Orsted AS		11,282
	91,800		Osaka Gas Co Ltd		1,677
	219,913		Public Service Enterprise Group, Inc		13,393
	620,099		Scottish & Southern Energy plc		13,056
	172,515		Sempra Energy		21,823
	7,999	e	South Jersey Industries, Inc		170
	532,669		Southern Co		33,009
	20,822	*	Sunnova Energy International, Inc		686
	100		Toho Gas Co Ltd		4
	181,100		Tokyo Gas Co Ltd		3,370
	33,633		UGI Corp		1,433
	119,843		WEC Energy Group, Inc		10,570
	193,494		Xcel Energy, Inc		12,093
			TOTAL UTILITIES		266,774
			TOTAL COMMON STOCKS		10,847,057
			(Cost $7,576,205)
PREFERRED STOCKS - 0.3%
BANKS - 0.1%
	233,115	*,e	Federal Home Loan Mortgage Corp		557
	740,991	*,e	Federal National Mortgage Association		1,927
	490,000	e	First Republic Bank		12,299
			TOTAL BANKS		14,783

406

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

SHARES			COMPANY					VALUE (000)
INSURANCE - 0.0%
	180,000	e	Assurant, Inc					$	4,863
			TOTAL INSURANCE						4,863
REAL ESTATE - 0.1%
	390,000	e	Brookfield Property Partners LP						9,843
	695,000		Brookfield Property Partners LP						16,312
			TOTAL REAL ESTATE						26,155
UTILITIES - 0.1%
	490,000		Brookfield Infrastructure Partners LP						12,520
	308,000	e	Brookfield Renewable Partners LP						8,131
			TOTAL UTILITIES						20,651
			TOTAL PREFERRED STOCKS						66,452
			(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)
PRINCIPAL			ISSUER	RATE			MATURITY DATE
SHORT-TERM INVESTMENTS - 6.1%
GOVERNMENT AGENCY DEBT - 5.2%
$	10,000,000		Federal Agricultural Mortgage Corp (FAMC)		0.000	%	10/21/21		10,000
	25,664,000		Federal Farm Credit Bank (FFCB)		0.000		12/01/21		25,662
	5,000,000		FFCB		0.000		02/10/22		4,999
	20,000,000		FFCB		0.000		02/15/22		19,996
	25,000,000		FFCB		0.000		02/28/22		24,995
	12,500,000		FFCB		0.000		03/01/22		12,497
	12,500,000		FFCB		0.000		03/02/22		12,497
	4,000,000		FFCB		0.000		04/11/22		3,999
	13,750,000		FFCB		0.000		05/27/22		13,745
	7,000,000		FFCB		0.000		06/16/22		6,997
	10,000,000		FFCB		0.000		07/06/22		9,994
	38,290,000		Federal Home Loan Bank (FHLB)		0.000		10/06/21		38,290
	66,203,000		FHLB		0.000		10/08/21		66,203
	63,636,000		FHLB		0.000		10/13/21		63,635
	15,000,000		FHLB		0.000		10/14/21		15,000
	31,340,000		FHLB		0.000		10/18/21		31,340
	151,451,000		FHLB		0.000		10/20/21		151,449
	83,257,000		FHLB		0.000		10/22/21		83,256
	73,110,000		FHLB		0.000		10/27/21		73,109
	7,500,000		FHLB		0.000		11/05/21		7,500
	17,000,000		FHLB		0.000		11/17/21		16,999
	20,625,000		FHLB		0.000		11/19/21		20,624

407

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

PRINCIPAL			ISSUER	RATE			MATURITY DATE	VALUE (000)
$	9,617,000		FHLB		0.000	%	11/24/21	$	9,616
	14,811,000		FHLB		0.000		11/30/21		14,810
	12,640,000		FHLB		0.000		12/17/21		12,639
	35,423,000		FHLB		0.000		12/22/21		35,420
	25,000,000		FHLB		0.000		12/27/21		24,998
	25,000,000		FHLB		0.000		01/03/22		24,997
	20,000,000	h	FHLB		0.000		01/18/22		19,998
	25,000,000		FHLB		0.000		02/18/22		24,995
	25,000,000		FHLB		0.000		02/22/22		24,995
	20,543,000		FHLB		0.000		05/05/22		20,536
	15,000,000		FHLB		0.000		07/15/22		14,990
	20,000,000		FHLB		0.000		08/04/22		19,986
	8,000,000		FHLB		0.000		08/05/22		7,995
			TOTAL GOVERNMENT AGENCY DEBT						968,761
REPURCHASE AGREEMENT - 0.3%
	58,040,000	r	Fixed Income Clearing Corp (FICC)		0.010		10/01/21		58,040
			TOTAL REPURCHASE AGREEMENT						58,040
SHARES			COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.6%
	115,596,929	c	State Street Navigator Securities Lending Government Money Market Portfolio		0.030				115,597
			TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES						115,597
			TOTAL SHORT-TERM INVESTMENTS						1,142,398
			(Cost $1,142,402)
			TOTAL INVESTMENTS - 105.2%						19,741,119
			(Cost $16,316,565)
			OTHER ASSETS & LIABILITIES, NET - (5.2)%						(974,396	)
			NET ASSETS - 100.0%					$	18,766,723

	Abbreviation(s):
ADR	American Depositary Receipt
CLP	Chilean Peso
EUR	Euro
LIBOR	London Interbank Offered Rate
M	Month
REIT	Real Estate Investment Trust
REMIC	Real Estate Mortgage Investment Conduit
SOFR	Secure Overnight Financing Rate
*	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 $188,538,471.
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 9/30/21, the aggregate value of these securities is $2,041,110,140 or 10.9% of net assets.

408

COLLEGE RETIREMENT EQUITIES FUND - Social Choice Account

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
r	Agreement with Fixed Income Clearing Corporation, 0.010% dated 9/30/21 to be repurchased at $58,040,000 on 10/01/21, collateralized by U.S. Treasury Bonds valued at $59,200,861.
	Cost amounts are in thousands.

Forward foreign currency contracts outstanding as of September 30, 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)
$	2,936	EUR	2,471	Australia and New Zealand Banking Group	10/25/21	$	72
	9,958	EUR	8,430	Citibank N.A.	10/25/21		188
Total						$	260

	Abbreviation(s):
EUR	Euro

409

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 Funds’ investments in securities are recorded at their estimated fair value utilizing valuation methods approved by the Board of Trustees. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. U.S. GAAP establishes the three-tier hierarchy which is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes.

Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect management’s assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels:  

•  Level 1 – Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.  

•  Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit spreads, etc.).  

•  Level 3 – Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).  

As of September 30, 2021, 100% of the value of investments in the Inflation-Linked Bond Account and Money Market Account were valued based on Level 2 inputs.

The following table summarizes the market value of the Accounts’ investments as of September 30, 2021, based on the inputs used to value them (dollar amounts are in thousands):

Account	Level 1			Level 2		Level 3		Total
Stock
Convertible bonds	$	—		$	907	$	—	$	907
Corporate bonds		—			69		—		69
Government bonds		—			303		—		303
Equity investments:
Communication services		9,804,467			2,268,934		3,228		12,076,629
Consumer discretionary		11,850,827			5,478,821		5		17,329,653
Consumer staples		4,908,172			3,038,800		2,760		7,949,732
Energy		2,894,908			1,383,682		673		4,279,263
Financials		12,599,639			6,552,306		981		19,152,926
Health care		11,704,558			3,996,381		111		15,701,050
Industrials		8,637,918			5,468,023		738		14,106,679
Information technology		23,958,209			5,707,475		1,820		29,667,504
Materials		3,090,149			3,010,153		846		6,101,148
Real estate		2,560,455			1,284,308		476		3,845,239
Utilities		1,913,259			932,181		8		2,845,448
Short-term investments		—			2,792,993		—		2,792,993
Purchased options**		851			—		—		851
Written options**		(1,338	)		—		—		(1,338	)
Futures contracts**		(22,995	)		—		—		(22,995	)
Forward foreign currency contracts**		—			142		—		142
Total	$	93,899,079		$	41,915,478	$	11,646	$	135,826,203

410

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

Account	Level 1			Level 2			Level 3		Total
Global Equities
Convertible bonds		—		$	208			—	$	208
Corporate bonds		—			16			—		16
Equity investments:
Asia		230,781			2,929,232			138		3,160,151
Europe		48,718			3,891,811			—		3,940,529
Latin America		—			—			—		—
North America		16,358,168			137,467			—		16,495,635
All other equity investments*		646,876			2,624,078			3		3,270,957
Short-term investments		—			869,518			—		869,518
Futures contracts**		(12,022	)		—			—		(12,022	)
Total	$	17,272,521		$	10,452,330		$	141	$	27,724,992
Growth
Equity investments:
Communication services	$	5,521,842		$	219,312		$	—	$	5,741,154
Consumer discretionary		6,746,064			558,979			—		7,305,043
Consumer staples		1,486,127			93,775			—		1,579,902
Financials		—			69,641			—		69,641
Health care		3,789,028			246,205			—		4,035,233
Industrials		1,969,290			285,920			—		2,255,210
Information technology		13,953,635			166,780			—		14,120,415
All other equity investments*		2,733,471			—			—		2,733,471
Short-term investments		28,269			220,333			—		248,602
Written options**		(915	)		—			—		(915	)
Total	$	36,226,811		$	1,860,945		$	—	$	38,087,756
Equity Index
Corporate bonds	$	—		$	8		$	—	$	8
Equity investments:
Financials		2,835,185			—			5		2,835,190
Health care		3,242,208			—			35		3,242,243
Materials		561,562			—			—		561,562
All other equity investments*		17,263,216			—			—		17,263,216
Short-term investments		80,325			49,691			—		130,016
Futures contracts**		(1,764	)		—			—		(1,764	)
Total	$	23,980,732		$	49,699		$	40	$	24,030,471
Bond Market
Bank loan obligations	$	—		$	99,195		$	—	$	99,195
Corporate bonds		—			6,029,433			551		6,029,984
Government bonds		—			5,149,780			987		5,150,767
Structured assets		—			2,314,196			624		2,314,820
Common stocks		47			—			—		47
Preferred stocks		19,188			—			—		19,188
Short-term investments		25,421			2,120,363			—		2,145,784
Futures contracts**		6,204			—			—		6,204
Forward foreign currency contracts**		—			3,397			—		3,397
Credit default swap contracts**		—			(58	)		—		(58	)
Total	$	50,860		$	15,716,306		$	2,162	$	15,769,328

411

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

Account	Level 1		Level 2		Level 3			Total
Social Choice
Bank loan obligations	$	—	$	15,960	$	—		$	15,960
Corporate bonds		—		3,400,546		—			3,400,546
Government bonds		—		3,555,415		16,704			3,572,119
Structured assets		—		686,830		9,757			696,587
Equity investments:
Communication services		596,116		144,527		—	***		740,643
Consumer discretionary		864,108		342,177		—			1,206,285
Consumer staples		461,994		299,373		—			761,367
Energy		276,099		105,187		—			381,286
Financials		1,099,557		561,347		3			1,660,907
Health care		1,095,288		342,856		—			1,438,144
Industrials		746,524		428,378		—			1,174,902
Information technology		2,131,330		261,650		—			2,392,980
Materials		212,312		250,226		—			462,538
Real estate		290,598		116,435		—			407,033
Utilities		195,307		92,117		—			287,424
Short-term investments		115,597		1,026,801		—			1,142,398
Forward foreign currency contracts**		—		260		—			260
Total	$	8,084,830	$	11,630,085	$	26,464		$	19,741,379

*	For detailed categories, see the accompanying Summary portfolio of investments.
**	Derivative instruments, excluding purchased options, are not reflected in the market value of portfolio investments.
***	Rounds to less than $1.

(A10944-D 11/21)

412