Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Growth
Equity
Fund
September
30,
2022
1
TIAA-CREF
Life
Funds
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
COMMON
STOCKS
-
97.7%
AUTOMOBILES
&
COMPONENTS
-
3
.4
%
1,450
*,e
Rivian
Automotive,
Inc
$
47,719
14,283
*
Tesla,
Inc
3,788,566
TOTAL
AUTOMOBILES
&
COMPONENTS
3,836,285
CAPITAL
GOODS
-
2
.1
%
6,719
*
Boeing
Co
813,537
2,976
Deere
&
Co
993,657
6,291
Safran
S.A.
572,416
TOTAL
CAPITAL
GOODS
2,379,610
COMMERCIAL
&
PROFESSIONAL
SERVICES
-
3
.5
%
16,995
Experian
Group
Ltd
497,488
6,449
Verisk
Analytics,
Inc
1,099,748
17,711
Waste
Connections,
Inc
2,393,287
TOTAL
COMMERCIAL
&
PROFESSIONAL
SERVICES
3,990,523
CONSUMER
DURABLES
&
APPAREL
-
1
.3
%
5,033
Essilor
International
S.A.
684,100
3,750
Nike,
Inc
(Class
B)
311,700
89,200
Prada
S.p.A
413,655
TOTAL
CONSUMER
DURABLES
&
APPAREL
1,409,455
CONSUMER
SERVICES
-
2
.7
%
1,851
*
Booking
Holdings,
Inc
3,041,582
TOTAL
CONSUMER
SERVICES
3,041,582
DIVERSIFIED
FINANCIALS
-
1
.7
%
4,254
American
Express
Co
573,907
77,546
*
Grab
Holdings
Ltd.
203,946
9,138
*
Liberty
Media
Acquisition
Corp
90,923
3,609
S&P
Global,
Inc
1,102,008
TOTAL
DIVERSIFIED
FINANCIALS
1,970,784
ENERGY
-
2
.1
%
12,370
ConocoPhillips
1,265,946
2,931
Pioneer
Natural
Resources
Co
634,649
4,641
Valero
Energy
Corp
495,891
TOTAL
ENERGY
2,396,486
FOOD
&
STAPLES
RETAILING
-
1
.8
%
4,385
Costco
Wholesale
Corp
2,070,904
TOTAL
FOOD
&
STAPLES
RETAILING
2,070,904
FOOD,
BEVERAGE
&
TOBACCO
-
3
.7
%
40,927
Davide
Campari-Milano
NV
362,104
23,776
*
Monster
Beverage
Corp
2,067,561
10,593
PepsiCo,
Inc
1,729,413
TOTAL
FOOD,
BEVERAGE
&
TOBACCO
4,159,078
HEALTH
CARE
EQUIPMENT
&
SERVICES
-
4
.8
%
2,658
*
Align
Technology,
Inc
550,498
11,111
*
Dexcom,
Inc
894,880
5,613
*
Intuitive
Surgical,
Inc
1,052,101
5,772
UnitedHealth
Group,
Inc
2,915,091
TOTAL
HEALTH
CARE
EQUIPMENT
&
SERVICES
5,412,570
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Growth
Equity
Fund
September
30,
2022
2
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
INSURANCE
-
0
.8
%
18,763
American
International
Group,
Inc
$
890,867
TOTAL
INSURANCE
890,867
MATERIALS
-
0
.7
%
2,522
Corteva,
Inc
144,132
2,216
Linde
plc
597,412
TOTAL
MATERIALS
741,544
MEDIA
&
ENTERTAINMENT
-
9
.5
%
61,720
*
Alphabet,
Inc
(Class
C)
5,934,378
7,674
*
Match
Group,
Inc
366,433
14,164
*
Meta
Platforms,
Inc
1,921,772
3,573
*
Netflix,
Inc
841,227
16,023
*
ROBLOX
Corp
574,264
11,577
*
Twitter,
Inc
507,536
5,458
*
Walt
Disney
Co
514,853
TOTAL
MEDIA
&
ENTERTAINMENT
10,660,463
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
-
4
.8
%
14,489
AbbVie,
Inc
1,944,569
29,083
*
Avantor,
Inc
570,027
11,165
*
Horizon
Therapeutics
Plc
691,002
5,657
*
Illumina,
Inc
1,079,299
7,249
Zoetis,
Inc
1,074,954
TOTAL
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
5,359,851
RETAILING
-
12
.7
%
5,713
*
Alibaba
Group
Holding
Ltd
(ADR)
456,983
96,520
*
Amazon.com,
Inc
10,906,760
6,283
*
CarMax,
Inc
414,804
22,023
*
Coupang,
Inc
367,123
13,774
eBay,
Inc
507,021
843
Kering
373,911
20,844
TJX
Companies,
Inc
1,294,829
TOTAL
RETAILING
14,321,431
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
-
5
.5
%
20,257
*
Advanced
Micro
Devices,
Inc
1,283,483
14,385
Applied
Materials,
Inc
1,178,563
4,287
Broadcom,
Inc
1,903,471
13,227
Marvell
Technology,
Inc
567,571
10,841
NVIDIA
Corp
1,315,989
TOTAL
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
6,249,077
SOFTWARE
&
SERVICES
-
27
.7
%
5,618
Accenture
plc
1,445,511
395
*,g
Adyen
NV
492,629
2,424
*
Atlassian
Corp
plc
510,470
7,239
*
DocuSign,
Inc
387,069
4,731
Intuit,
Inc
1,832,411
50,794
Microsoft
Corp
11,829,923
16,884
Oracle
Corp
1,031,106
4,533
*
Palo
Alto
Networks,
Inc
742,460
10,432
*
PayPal
Holdings,
Inc
897,882
19,576
*
Qualtrics
International,
Inc
199,284
2,793
Roper
Technologies,
Inc
1,004,474
13,778
*
Salesforce,
Inc
1,981,828
3,473
*
ServiceNow,
Inc
1,311,440
2,480
*
Synopsys,
Inc
757,665
33,353
Visa,
Inc
(Class
A)
5,925,160
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Growth
Equity
Fund
September
30,
2022
3
TIAA-CREF
Life
Funds
concluded
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
SOFTWARE
&
SERVICES—continued
5,620
*
Workday,
Inc
$
855,476
TOTAL
SOFTWARE
&
SERVICES
31,204,788
TECHNOLOGY
HARDWARE
&
EQUIPMENT
-
6
.5
%
53,075
Apple,
Inc
7,334,965
TOTAL
TECHNOLOGY
HARDWARE
&
EQUIPMENT
7,334,965
TRANSPORTATION
-
2
.4
%
52,548
*
Uber
Technologies,
Inc
1,392,522
6,458
Union
Pacific
Corp
1,258,148
TOTAL
TRANSPORTATION
2,650,670
TOTAL
COMMON
STOCKS
110,080,933
(Cost
$90,812,383)
PRINCIPAL
ISSUER
RATE
MATURITY
DATE
SHORT-TERM
INVESTMENTS
-
2.6%
REPURCHASE
AGREEMENT
-
2
.6
%
$
2,960,000
r
Fixed
Income
Clearing
Corp
(FICC)
2
.950
%
10/03/22
2,960,000
TOTAL
REPURCHASE
AGREEMENT
2,960,000
SHARES
COMPANY
EXP
INVESTMENTS
IN
REGISTERED
INVESTMENT
COMPANIES
-
0
.0
%
50
c
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
3
.070
50
TOTAL
INVESTMENTS
IN
REGISTERED
INVESTMENT
COMPANIES
50
TOTAL
SHORT-TERM
INVESTMENTS
2,960,050
(Cost
$2,960,050)
TOTAL
INVESTMENTS
-
100.3%
113,040,983
(Cost
$93,772,433)
OTHER
ASSETS
&
LIABILITIES,
NET
-
(0.3)%
(
283,762
)
NET
ASSETS
-
100.0%
$
112,757,221
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
$47,226.
g
Security
is
exempt
from
registration
under
Rule
144(A)
of
the
Securities
Act
of
1933,
as
amended.
These
securities
are
deemed
liquid
and
may
be
resold
in
transactions
exempt
from
registration,
which
are
normally
those
transactions
with
qualified
institutional
buyers.
r
Agreement
with
Fixed
Income
Clearing
Corp
(FICC),
2.950%
dated
9/30/22
to
be
repurchased
at
$2,960,000
on
10/3/22,
collateralized
by
Government
Agency
Securities,
with
coupon
rate
2.250%
and
maturity
date
8/15/27,
valued
at
$3,019,284.
TIAA-CREF
Life
Growth
&
Income
Fund
September
30,
2022
Portfolio
of
investments
(unaudited)
4
TIAA-CREF
Life
Funds
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
COMMON
STOCKS
-
100.4%
AUTOMOBILES
&
COMPONENTS
-
1
.7
%
3,123
*,n
Aptiv
plc
$
244,250
5,135
*
Dr
ING
hc
F
Porsche
AG.
415,186
18,924
Ford
Motor
Co
211,949
5,659
*,n
Tesla,
Inc
1,501,049
TOTAL
AUTOMOBILES
&
COMPONENTS
2,372,434
BANKS
-
4
.7
%
50,956
Bank
of
America
Corp
1,538,871
4,896
Comerica,
Inc
348,106
26,564
Fifth
Third
Bancorp
848,985
3,680
First
Republic
Bank
480,424
12,760
JPMorgan
Chase
&
Co
1,333,420
6,225
M&T
Bank
Corp
1,097,592
29,419
Wells
Fargo
&
Co
1,183,232
TOTAL
BANKS
6,830,630
CAPITAL
GOODS
-
7
.2
%
3,085
Acuity
Brands,
Inc
485,795
5,386
*,n
Boeing
Co
652,137
3,319
Carlisle
Cos,
Inc
930,681
2,853
Deere
&
Co
952,588
6,476
Dover
Corp
754,972
7,496
Eaton
Corp
999,667
4,130
Honeywell
International,
Inc
689,586
17,371
Ingersoll
Rand,
Inc
751,469
845
Northrop
Grumman
Corp
397,420
7,670
Otis
Worldwide
Corp
489,346
5,471
Quanta
Services,
Inc
696,951
14,764
Raytheon
Technologies
Corp
1,208,581
15,151
n
Spirit
Aerosystems
Holdings,
Inc
(Class
A)
332,110
13,104
Textron,
Inc
763,439
549
TransDigm
Group,
Inc
288,126
TOTAL
CAPITAL
GOODS
10,392,868
COMMERCIAL
&
PROFESSIONAL
SERVICES
-
1
.1
%
2,931
Thomson
Reuters
Corp
300,779
8,009
Waste
Management,
Inc
1,283,122
TOTAL
COMMERCIAL
&
PROFESSIONAL
SERVICES
1,583,901
CONSUMER
DURABLES
&
APPAREL
-
1
.0
%
836
*
Deckers
Outdoor
Corp
261,342
32,259
*
Mattel,
Inc
610,985
7,356
n
Nike,
Inc
(Class
B)
611,431
TOTAL
CONSUMER
DURABLES
&
APPAREL
1,483,758
CONSUMER
SERVICES
-
1
.7
%
4,083
*,n
Airbnb,
Inc
428,878
1,744
Churchill
Downs,
Inc
321,158
6,557
Darden
Restaurants,
Inc
828,280
2,381
*,n
Expedia
Group,
Inc
223,076
4,120
Marriott
International,
Inc
(Class
A)
577,377
2,600
*,n
WW
International
Inc
10,218
TOTAL
CONSUMER
SERVICES
2,388,987
DIVERSIFIED
FINANCIALS
-
3
.0
%
5,877
American
Express
Co
792,866
2,603
CME
Group,
Inc
461,069
17,348
Equitable
Holdings,
Inc
457,120
31,200
*
Grab
Holdings
Ltd.
82,056
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Growth
&
Income
Fund
September
30,
2022
5
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
DIVERSIFIED
FINANCIALS—continued
18,744
Morgan
Stanley
$
1,480,964
3,544
S&P
Global,
Inc
1,082,160
TOTAL
DIVERSIFIED
FINANCIALS
4,356,235
ENERGY
-
5
.0
%
7,701
n
Cheniere
Energy,
Inc
1,277,673
16,401
ConocoPhillips
1,678,478
4,098
n
EOG
Resources,
Inc
457,870
21,159
n
EQT
Corp
862,229
20,698
Exxon
Mobil
Corp
1,807,142
5,633
n
Helmerich
&
Payne,
Inc
208,252
6,529
n
Hess
Corp
711,596
7,483
n
Schlumberger
Ltd
268,640
TOTAL
ENERGY
7,271,880
FOOD
&
STAPLES
RETAILING
-
1
.6
%
28,087
Albertsons
Cos,
Inc
698,243
12,189
Walmart,
Inc
1,580,913
TOTAL
FOOD
&
STAPLES
RETAILING
2,279,156
FOOD,
BEVERAGE
&
TOBACCO
-
5
.0
%
6,683
n
Bunge
Ltd
551,815
14,707
Coca-Cola
Co
823,886
3,516
Hershey
Co
775,173
4,501
Kraft
Heinz
Co
150,108
9,078
Lamb
Weston
Holdings,
Inc
702,456
18,222
Mondelez
International,
Inc
999,112
10,235
*
Monster
Beverage
Corp
890,036
11,985
PepsiCo,
Inc
1,956,671
1,733
Pernod-Ricard
S.A.
317,926
TOTAL
FOOD,
BEVERAGE
&
TOBACCO
7,167,183
HEALTH
CARE
EQUIPMENT
&
SERVICES
-
6
.8
%
13,578
Abbott
Laboratories
1,313,807
2,067
*
Acadia
Healthcare
Co,
Inc
161,598
17,536
*
Boston
Scientific
Corp
679,169
13,012
*,n
Dexcom,
Inc
1,047,987
3,507
Elevance
Health,
Inc
1,593,020
4,816
n
HCA
Healthcare,
Inc
885,133
776
Humana,
Inc
376,507
3,338
STERIS
plc
555,043
6,435
UnitedHealth
Group,
Inc
3,249,932
TOTAL
HEALTH
CARE
EQUIPMENT
&
SERVICES
9,862,196
HOUSEHOLD
&
PERSONAL
PRODUCTS
-
1
.7
%
9,689
Colgate-Palmolive
Co
680,652
3,141
n
Estee
Lauder
Cos
(Class
A)
678,142
8,122
Procter
&
Gamble
Co
1,025,403
TOTAL
HOUSEHOLD
&
PERSONAL
PRODUCTS
2,384,197
INSURANCE
-
4
.0
%
7,654
Allstate
Corp
953,153
24,841
American
International
Group,
Inc
1,179,451
4,974
Chubb
Ltd
904,671
18,429
Hartford
Financial
Services
Group,
Inc
1,141,492
2,601
Marsh
&
McLennan
Cos,
Inc
388,303
18,964
Metlife,
Inc
1,152,632
TOTAL
INSURANCE
5,719,702
MATERIALS
-
3
.5
%
3,153
Air
Products
&
Chemicals,
Inc
733,798
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Growth
&
Income
Fund
September
30,
2022
6
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
MATERIALS—continued
4,926
Avery
Dennison
Corp
$
801,460
12,556
*
Axalta
Coating
Systems
Ltd
264,429
24,037
n
Corteva,
Inc
1,373,715
5,105
Linde
plc
1,376,257
4,855
Nutrien
Ltd
404,810
1,531
n
Sociedad
Quimica
y
Minera
de
Chile
S.A.
(ADR)
138,938
TOTAL
MATERIALS
5,093,407
MEDIA
&
ENTERTAINMENT
-
6
.2
%
55,148
*
Alphabet,
Inc
(Class
C)
5,302,480
8,096
*,n
Meta
Platforms,
Inc
1,098,465
1,297
*,n
Netflix,
Inc
305,366
7,050
Nintendo
Co
Ltd
284,357
5,755
*,n
Take-Two
Interactive
Software,
Inc
627,295
14,248
*
Walt
Disney
Co
1,344,014
TOTAL
MEDIA
&
ENTERTAINMENT
8,961,977
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
-
9
.1
%
12,947
AbbVie,
Inc
1,737,617
1,118
*
Alnylam
Pharmaceuticals,
Inc
223,779
468
*
Argenx
SE
165,228
9,470
*,n
Axsome
Therapeutics,
Inc
422,551
555
*,n
Biogen,
Inc
148,185
17,207
Bristol-Myers
Squibb
Co
1,223,246
6,687
Danaher
Corp
1,727,185
5,826
Eli
Lilly
&
Co
1,883,837
9,769
Gilead
Sciences,
Inc
602,650
2,359
*
IQVIA
Holdings,
Inc
427,309
12,825
Johnson
&
Johnson
2,095,092
5,727
Merck
&
Co,
Inc
493,209
5,983
Sanofi-Aventis
455,584
1,326
*
Vertex
Pharmaceuticals,
Inc
383,930
2,078
West
Pharmaceutical
Services,
Inc
511,354
4,420
Zoetis,
Inc
655,442
TOTAL
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
13,156,198
REAL
ESTATE
-
1
.9
%
4,136
American
Tower
Corp
887,999
2,168
AvalonBay
Communities,
Inc
399,324
7,762
Prologis,
Inc
788,619
5,524
Rexford
Industrial
Realty,
Inc
287,248
5,748
Welltower,
Inc
369,712
TOTAL
REAL
ESTATE
2,732,902
RETAILING
-
5
.5
%
2,632
Advance
Auto
Parts,
Inc
411,487
43,445
*,n
Amazon.com,
Inc
4,909,285
8,770
*
Children's
Place,
Inc
270,905
3,936
n
Home
Depot,
Inc
1,086,100
1,533
Target
Corp
227,482
17,220
TJX
Companies,
Inc
1,069,706
TOTAL
RETAILING
7,974,965
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
-
4
.3
%
7,839
*,n
Advanced
Micro
Devices,
Inc
496,679
1,532
ASML
Holding
NV
636,316
3,711
Broadcom,
Inc
1,647,721
1,881
*,n
First
Solar,
Inc
248,800
11,333
n
Marvell
Technology,
Inc
486,299
1,620
n
Monolithic
Power
Systems,
Inc
588,708
10,235
n
NVIDIA
Corp
1,242,427
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Growth
&
Income
Fund
September
30,
2022
7
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT—continued
3,648
QUALCOMM,
Inc
$
412,151
4,163
*,n
Wolfspeed,
Inc
430,288
TOTAL
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
6,189,389
SOFTWARE
&
SERVICES
-
11
.7
%
3,087
Accenture
plc
794,285
7,940
Mastercard,
Inc
(Class
A)
2,257,659
37,633
n
Microsoft
Corp
8,764,726
19,820
Oracle
Corp
1,210,407
3,039
*,n
Palo
Alto
Networks,
Inc
497,758
5,268
*,n
Salesforce,
Inc
757,749
2,175
*,n
ServiceNow,
Inc
821,302
2,876
*,n
Synopsys,
Inc
878,647
4,988
Visa,
Inc
(Class
A)
886,118
TOTAL
SOFTWARE
&
SERVICES
16,868,651
TECHNOLOGY
HARDWARE
&
EQUIPMENT
-
9
.5
%
70,820
n
Apple,
Inc
9,787,324
8,091
*,n
Calix,
Inc
494,684
14,115
*
Ciena
Corp
570,670
27,421
Cisco
Systems,
Inc
1,096,840
1,295
Motorola
Solutions,
Inc
290,041
21,308
*
Stratasys
Ltd
307,048
7,770
TE
Connectivity
Ltd
857,497
856
*
Teledyne
Technologies,
Inc
288,874
TOTAL
TECHNOLOGY
HARDWARE
&
EQUIPMENT
13,692,978
TELECOMMUNICATION
SERVICES
-
0
.6
%
53,008
AT&T,
Inc
813,143
TOTAL
TELECOMMUNICATION
SERVICES
813,143
TRANSPORTATION
-
0
.7
%
3,298
DSV
AS
386,352
12,916
Knight-Swift
Transportation
Holdings,
Inc
631,980
TOTAL
TRANSPORTATION
1,018,332
UTILITIES
-
2
.9
%
13,538
Alliant
Energy
Corp
717,379
12,037
American
Electric
Power
Co,
Inc
1,040,599
17,289
NextEra
Energy,
Inc
1,355,630
12,357
Public
Service
Enterprise
Group,
Inc
694,834
9,858
RWE
AG.
362,340
TOTAL
UTILITIES
4,170,782
TOTAL
COMMON
STOCKS
144,765,851
(Cost
$103,934,488)
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Growth
&
Income
Fund
September
30,
2022
8
TIAA-CREF
Life
Funds
continued
PRINCIPAL
ISSUER
REFERENCERATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
SHORT-TERM
INVESTMENTS
-
0.8%
REPURCHASE
AGREEMENT
-
0
.8
%
$
1,170,000
r
Fixed
Income
Clearing
Corp
(FICC)
2
.950
%
10/03/22
$
1,170,000
TOTAL
REPURCHASE
AGREEMENT
1,170,000
TOTAL
SHORT-TERM
INVESTMENTS
1,170,000
(Cost
$1,170,000)
TOTAL
INVESTMENTS
-
101.2%
145,935,851
(Cost
$105,104,488)
OTHER
ASSETS
&
LIABILITIES,
NET
-
(1.2)%
(
1,737,628
)
NET
ASSETS
-
100.0%
$
144,198,223
ADR
American
Depositary
Receipt
*
Non-income
producing
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
(FICC),
2.950%
dated
9/30/22
to
be
repurchased
at
$1,170,000
on
10/3/22,
collateralized
by
Government
Agency
Securities,
with
coupon
rate
0.625%
and
maturity
date
1/15/26,
valued
at
$1,193,474.
Written
options
outstanding
as
of
September
30,
2022
were
as
follows:
Description/underlying
investment
Number
of
contracts
Notional
amount
Exercise
price
Expiration
date
Value
Adobe,
Inc,
Put
5
$
(
950
)
$
250
.00
10/21/22
$
(
1,638
)
Advanced
Micro
Devices,
Inc,
Call
12
(
6,155
)
85
.00
04/21/23
(
4,740
)
Advanced
Micro
Devices,
Inc,
Put
12
(
8,339
)
60
.00
04/21/23
(
9,870
)
Airbnb,
Inc,
Call
12
(
3,815
)
120
.00
11/18/22
(
5,100
)
Airbnb,
Inc,
Put
12
(
4,355
)
85
.00
11/18/22
(
3,372
)
Amazon.com,
Inc,
Call
10
(
1,360
)
145
.00
12/16/22
(
1,215
)
Amazon.com,
Inc,
Call
10
(
5,070
)
140
.00
02/17/23
(
3,775
)
Amazon.com,
Inc,
Put
6
(
1,938
)
107
.00
11/18/22
(
3,345
)
Amazon.com,
Inc,
Put
14
(
8,141
)
100
.00
02/17/23
(
9,485
)
Ambarella,
Inc,
Put
9
(
29,862
)
115
.00
01/20/23
(
52,650
)
Apple,
Inc,
Call
7
(
1,036
)
180
.00
11/18/22
(
154
)
Aptiv
plc,
Call
5
(
2,690
)
100
.00
01/20/23
(
1,338
)
Aptiv
plc,
Call
5
(
1,740
)
110
.00
01/20/23
(
688
)
Aptiv
plc,
Put
5
(
2,890
)
80
.00
01/20/23
(
4,950
)
Aptiv
plc,
Put
5
(
4,240
)
85
.00
01/20/23
(
6,350
)
Axsome
Therapeutics,
Inc,
Call
6
(
6,781
)
80
.00
03/17/23
(
1,320
)
Axsome
Therapeutics,
Inc,
Call
12
(
10,415
)
85
.00
03/17/23
(
2,610
)
Axsome
Therapeutics,
Inc,
Call
7
(
5,586
)
90
.00
03/17/23
(
1,260
)
Axsome
Therapeutics,
Inc,
Put
38
(
13,982
)
40
.00
01/20/23
(
24,320
)
Axsome
Therapeutics,
Inc,
Put
25
(
12,449
)
40
.00
03/17/23
(
19,500
)
Biogen,
Inc,
Call
4
(
1,138
)
330
.00
11/18/22
(
1,210
)
Boeing
Co,
Call
8
(
7,112
)
160
.00
02/17/23
(
2,960
)
Boeing
Co,
Put
8
(
6,352
)
120
.00
02/17/23
(
11,020
)
Bunge
Ltd,
Call
10
(
610
)
115
.00
10/21/22
(
175
)
Calix,
Inc,
Call
12
(
1,276
)
80
.00
11/18/22
(
930
)
Celsius
Holdings,
Inc,
Put
18
(
1,331
)
70
.00
10/21/22
(
1,710
)
Cheniere
Energy,
Inc,
Call
6
(
3,750
)
200
.00
12/16/22
(
2,310
)
Cloudflare,
Inc,
Put
7
(
12,031
)
80
.00
01/20/23
(
19,023
)
Corteva,
Inc,
Call
20
(
5,159
)
70
.00
03/17/23
(
2,800
)
Corteva,
Inc,
Put
40
(
4,919
)
50
.00
03/17/23
(
9,000
)
Crowdstrike
Holdings,
Inc,
Put
6
(
11,939
)
150
.00
04/21/23
(
11,595
)
Dexcom,
Inc,
Call
8
(
5,147
)
95
.00
01/20/23
(
3,480
)
Dexcom,
Inc,
Put
8
(
9,599
)
87
.50
01/20/23
(
10,360
)
Dexcom,
Inc,
Put
16
(
19,667
)
90
.00
01/20/23
(
23,200
)
DocuSign,
Inc,
Put
23
(
31,582
)
57
.50
03/17/23
(
27,830
)
Dollar
Tree,
Inc,
Put
10
(
920
)
120
.00
10/21/22
(
925
)
Duck
Creek
Technologies,
Inc,
Put
8
(
3,744
)
17
.50
01/20/23
(
4,640
)
Emergent
BioSolutions,
Inc,
Put
6
(
7,135
)
40
.00
03/17/23
(
11,550
)
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Growth
&
Income
Fund
September
30,
2022
9
TIAA-CREF
Life
Funds
continued
Description/underlying
investment
Number
of
contracts
Notional
amount
Exercise
price
Expiration
date
Value
Enphase
Energy,
Inc,
Put
6
$
(
6,834
)
$
230
.00
11/18/22
$
(
7,095
)
EOG
Resources,
Inc,
Call
10
(
3,780
)
146
.70
12/16/22
(
1,325
)
EQT
Corp,
Call
15
(
2,819
)
60
.00
12/16/22
(
1,012
)
Estee
Lauder
Cos,
Inc,
Call
5
(
12,140
)
300
.00
04/21/23
(
1,600
)
Estee
Lauder
Cos,
Inc,
Put
5
(
6,040
)
240
.00
04/21/23
(
17,875
)
Expedia
Group,
Inc,
Call
10
(
4,520
)
125
.00
04/21/23
(
5,325
)
Expedia
Group,
Inc,
Put
6
(
1,068
)
85
.00
10/21/22
(
1,194
)
Expedia
Group,
Inc,
Put
6
(
3,717
)
80
.00
01/20/23
(
3,240
)
Expedia
Group,
Inc,
Put
10
(
6,532
)
75
.00
04/21/23
(
6,375
)
First
Solar,
Inc,
Call
8
(
1,013
)
165
.00
10/21/22
(
324
)
Generac
Holdings,
Inc,
Put
2
(
8,721
)
240
.00
06/16/23
(
14,940
)
Generac
Holdings,
Inc,
Put
1
(
4,946
)
250
.00
06/16/23
(
8,200
)
General
Motors
Co,
Put
24
(
11,975
)
35
.00
12/16/22
(
11,040
)
Global
Payments,
Inc,
Put
9
(
5,382
)
105
.00
01/20/23
(
6,975
)
HCA
Healthcare,
Inc,
Call
6
(
684
)
260
.00
10/21/22
(
195
)
HCA
Healthcare,
Inc,
Put
7
(
2,401
)
175
.00
11/18/22
(
5,600
)
Helmerich
&
Payne,
Inc,
Call
20
(
1,319
)
55
.00
10/21/22
(
250
)
Hess
Corp,
Call
10
(
965
)
122
.00
10/21/22
(
1,400
)
Home
Depot,
Inc,
Call
4
(
3,652
)
330
.00
02/17/23
(
2,030
)
Home
Depot,
Inc,
Put
4
(
5,792
)
280
.00
02/17/23
(
9,150
)
IDEXX
Laboratories,
Inc,
Put
2
(
6,539
)
400
.00
01/20/23
(
15,770
)
Illumina,
Inc,
Put
9
(
1,535
)
145
.00
10/21/22
(
1,057
)
Intel
Corp,
Put
30
(
21,239
)
40
.00
06/16/23
(
43,650
)
Intuitive
Surgical,
Inc,
Put
6
(
13,607
)
210
.00
01/20/23
(
18,330
)
Lululemon
Athletica,
Inc,
Put
5
(
8,523
)
260
.00
12/16/22
(
8,337
)
Lululemon
Athletica,
Inc,
Put
5
(
10,011
)
270
.00
12/16/22
(
10,262
)
Marvell
Technology,
Inc,
Call
21
(
1,259
)
55
.00
11/18/22
(
924
)
Meta
Platforms,
Inc,
Call
6
(
1,578
)
180
.00
11/18/22
(
672
)
Microsoft
Corp,
Call
4
(
2,380
)
320
.00
12/16/22
(
146
)
Moderna,
Inc,
Put
4
(
29,412
)
220
.00
01/20/23
(
40,790
)
Monolithic
Power
Systems,
Inc,
Call
3
(
6,594
)
530
.00
03/17/23
(
3,015
)
Monolithic
Power
Systems,
Inc,
Put
3
(
8,094
)
350
.00
03/17/23
(
13,365
)
NetFlix,
Inc,
Call
4
(
1,272
)
290
.00
10/21/22
(
1,390
)
NetFlix,
Inc,
Put
5
(
2,935
)
180
.00
10/21/22
(
1,350
)
NIKE,
Inc,
Call
15
(
930
)
100
.00
11/18/22
(
705
)
NIKE,
Inc,
Put
15
(
4,152
)
80
.00
11/18/22
(
5,100
)
NVIDIA
Corp,
Call
8
(
4,432
)
170
.00
03/17/23
(
3,940
)
NVIDIA
Corp,
Put
8
(
5,440
)
95
.00
03/17/23
(
5,920
)
Palo
Alto
Networks,
Inc,
Call
6
(
3,420
)
223
.33
12/16/22
(
375
)
Palo
Alto
Networks,
Inc,
Call
6
(
6,790
)
223
.33
03/17/23
(
1,845
)
Paramount
Global,
Put
3
(
1,019
)
25
.00
01/20/23
(
1,965
)
Paramount
Global,
Put
4
(
1,633
)
27
.00
01/20/23
(
3,330
)
Paramount
Global,
Put
19
(
13,782
)
30
.00
01/20/23
(
21,185
)
PayPal
Holdings,
Inc,
Put
6
(
3,780
)
75
.00
11/18/22
(
2,010
)
Petco
Health
&
Wellness
Co,
Inc,
Put
48
(
10,942
)
12
.50
06/16/23
(
13,680
)
Salesforce,
Inc,
Call
5
(
208
)
200
.00
10/07/22
(
35
)
Salesforce,
Inc,
Put
5
(
5,380
)
135
.00
03/17/23
(
6,125
)
Schlumberger
NV,
Call
30
(
3,059
)
45
.00
11/18/22
(
1,350
)
Seagen,
Inc,
Put
5
(
1,275
)
120
.00
12/16/22
(
2,875
)
ServiceNow,
Inc,
Call
3
(
444
)
520
.00
10/07/22
(
735
)
Shake
Shack,
Inc,
Put
16
(
16,431
)
52
.50
06/16/23
(
20,800
)
Snowflake,
Inc,
Put
6
(
28,959
)
200
.00
06/16/23
(
32,880
)
Sociedad
Quimica
y
Minera
de
Chile
S.A.,
Call
10
(
1,150
)
135
.00
10/21/22
(
350
)
Sociedad
Quimica
y
Minera
de
Chile
S.A.,
Put
21
(
1,274
)
60
.00
10/21/22
(
735
)
Sociedad
Quimica
y
Minera
de
Chile
S.A.,
Put
36
(
32,209
)
80
.00
12/16/22
(
18,900
)
Spirit
AeroSystems
Holdings,
Inc,
Call
26
(
1,507
)
30
.00
11/18/22
(
910
)
Spirit
AeroSystems
Holdings,
Inc,
Put
26
(
3,665
)
21
.00
11/18/22
(
4,875
)
Spirit
AeroSystems
Holdings,
Inc,
Put
26
(
9,463
)
31
.00
01/20/23
(
25,220
)
Synopsys,
Inc,
Call
3
(
3,315
)
430
.00
12/16/22
(
195
)
Take-Two
Interactive
Software,
Inc,
Put
9
(
4,777
)
110
.00
12/16/22
(
8,572
)
Teradyne,
Inc,
Put
16
(
5,295
)
70
.00
01/20/23
(
8,880
)
Tesla,
Inc,
Call
3
(
5,696
)
346
.67
10/21/22
(
233
)
Tesla,
Inc,
Call
6
(
9,367
)
353
.33
10/21/22
(
366
)
Tesla,
Inc,
Call
12
(
29,566
)
330
.00
12/16/22
(
11,430
)
Tesla,
Inc,
Put
6
(
6,280
)
240
.00
10/21/22
(
5,265
)
Tesla,
Inc,
Put
3
(
3,233
)
243
.33
10/21/22
(
2,910
)
Tesla,
Inc,
Put
12
(
16,102
)
256
.67
12/16/22
(
31,950
)
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Growth
&
Income
Fund
September
30,
2022
10
TIAA-CREF
Life
Funds
concluded
Description/underlying
investment
Number
of
contracts
Notional
amount
Exercise
price
Expiration
date
Value
Twitter,
Inc,
Put
42
$
(
9,165
)
$
30
.00
11/18/22
$
(
7,182
)
Ulta
Beauty,
Inc,
Put
4
(
2,764
)
340
.00
11/18/22
(
2,060
)
Wolfspeed,
Inc,
Call
13
(
13,233
)
135
.00
12/16/22
(
5,395
)
Wolfspeed,
Inc,
Put
13
(
7,513
)
90
.00
12/16/22
(
9,815
)
WW
International,
Inc,
Put
6
(
1,158
)
10
.00
01/20/23
(
3,660
)
Zscaler,
Inc,
Put
6
(
35,188
)
200
.00
01/20/23
(
26,865
)
Total
1,217
$
(
788,479
)
$
(
867,224
)
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Large-Cap
Value
Fund
September
30,
2022
11
TIAA-CREF
Life
Funds
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
COMMON
STOCKS
-
99.8%
BANKS
-
9
.9
%
56,008
Bank
of
America
Corp
$
1,691,441
18,598
JPMorgan
Chase
&
Co
1,943,491
6,331
PNC
Financial
Services
Group,
Inc
945,978
18,259
US
Bancorp
736,203
38,117
Wells
Fargo
&
Co
1,533,066
TOTAL
BANKS
6,850,179
CAPITAL
GOODS
-
11
.0
%
2,991
Allegion
plc
268,233
2,739
*
Boeing
Co
331,638
2,007
Caterpillar,
Inc
329,308
2,313
Deere
&
Co
772,288
5,991
Dover
Corp
698,431
5,945
Eaton
Corp
792,825
6,780
Honeywell
International,
Inc
1,132,057
12,468
Masco
Corp
582,131
3,530
Parker-Hannifin
Corp
855,354
18,496
Raytheon
Technologies
Corp
1,514,083
2,387
Trane
Technologies
plc
345,661
TOTAL
CAPITAL
GOODS
7,622,009
CONSUMER
DURABLES
&
APPAREL
-
0
.9
%
157
*
NVR,
Inc
625,972
TOTAL
CONSUMER
DURABLES
&
APPAREL
625,972
CONSUMER
SERVICES
-
3
.4
%
245
*
Booking
Holdings,
Inc
402,586
7,988
Hilton
Worldwide
Holdings,
Inc
963,513
4,454
McDonald's
Corp
1,027,716
TOTAL
CONSUMER
SERVICES
2,393,815
DIVERSIFIED
FINANCIALS
-
6
.4
%
7,565
American
Express
Co
1,020,594
4,718
*
Berkshire
Hathaway,
Inc
(Class
B)
1,259,800
1,139
BlackRock,
Inc
626,769
6,318
Charles
Schwab
Corp
454,075
3,690
Goldman
Sachs
Group,
Inc
1,081,355
TOTAL
DIVERSIFIED
FINANCIALS
4,442,593
ENERGY
-
8
.8
%
15,389
Chevron
Corp
2,210,938
19,938
ConocoPhillips
2,040,455
8,769
EOG
Resources,
Inc
979,760
8,198
Valero
Energy
Corp
875,956
TOTAL
ENERGY
6,107,109
FOOD
&
STAPLES
RETAILING
-
1
.7
%
9,001
Walmart,
Inc
1,167,430
TOTAL
FOOD
&
STAPLES
RETAILING
1,167,430
FOOD,
BEVERAGE
&
TOBACCO
-
0
.9
%
11,884
Mondelez
International,
Inc
651,600
TOTAL
FOOD,
BEVERAGE
&
TOBACCO
651,600
HEALTH
CARE
EQUIPMENT
&
SERVICES
-
9
.8
%
9,661
Abbott
Laboratories
934,798
4,619
Cigna
Corp
1,281,634
3,117
Elevance
Health,
Inc
1,415,866
3,614
HCA
Healthcare,
Inc
664,217
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Large-Cap
Value
Fund
September
30,
2022
12
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
HEALTH
CARE
EQUIPMENT
&
SERVICES—continued
10,930
Medtronic
plc
$
882,598
2,543
UnitedHealth
Group,
Inc
1,284,317
2,924
Zimmer
Biomet
Holdings,
Inc
305,704
TOTAL
HEALTH
CARE
EQUIPMENT
&
SERVICES
6,769,134
HOUSEHOLD
&
PERSONAL
PRODUCTS
-
0
.7
%
3,990
Procter
&
Gamble
Co
503,738
TOTAL
HOUSEHOLD
&
PERSONAL
PRODUCTS
503,738
INSURANCE
-
5
.6
%
20,602
American
International
Group,
Inc
978,183
7,291
Chubb
Ltd
1,326,087
5,695
Marsh
&
McLennan
Cos,
Inc
850,207
11,675
Metlife,
Inc
709,606
TOTAL
INSURANCE
3,864,083
MATERIALS
-
4
.9
%
10,485
Crown
Holdings,
Inc
849,600
11,920
DuPont
de
Nemours,
Inc
600,768
3,595
Linde
plc
969,176
5,537
PPG
Industries,
Inc
612,890
2,013
Reliance
Steel
&
Aluminum
Co
351,087
TOTAL
MATERIALS
3,383,521
MEDIA
&
ENTERTAINMENT
-
5
.7
%
11,010
*
Alphabet,
Inc
(Class
C)
1,058,611
895
*
Charter
Communications,
Inc
271,498
33,836
Comcast
Corp
(Class
A)
992,410
5,819
*
Meta
Platforms,
Inc
789,522
8,808
*
Walt
Disney
Co
830,859
TOTAL
MEDIA
&
ENTERTAINMENT
3,942,900
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
-
8
.8
%
4,181
AbbVie,
Inc
561,132
17,234
Bristol-Myers
Squibb
Co
1,225,165
1,209
Danaher
Corp
312,273
15,994
Johnson
&
Johnson
2,612,780
8,924
Merck
&
Co,
Inc
768,535
14,560
Pfizer,
Inc
637,145
TOTAL
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
6,117,030
REAL
ESTATE
-
0
.9
%
6,467
Prologis,
Inc
657,047
TOTAL
REAL
ESTATE
657,047
RETAILING
-
1
.4
%
3,627
Home
Depot,
Inc
1,000,834
TOTAL
RETAILING
1,000,834
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
-
4
.1
%
5,250
Analog
Devices,
Inc
731,535
6,063
Applied
Materials,
Inc
496,742
377
Broadcom,
Inc
167,392
705
Lam
Research
Corp
258,030
12,671
Micron
Technology,
Inc
634,817
3,555
NXP
Semiconductors
NV
524,398
TOTAL
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
2,812,914
SOFTWARE
&
SERVICES
-
4
.6
%
2,554
Accenture
plc
657,144
8,787
*
Fiserv,
Inc
822,200
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Large-Cap
Value
Fund
September
30,
2022
13
TIAA-CREF
Life
Funds
concluded
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
SOFTWARE
&
SERVICES—continued
4,107
Microsoft
Corp
$
956,520
12,389
Oracle
Corp
756,596
TOTAL
SOFTWARE
&
SERVICES
3,192,460
TECHNOLOGY
HARDWARE
&
EQUIPMENT
-
2
.5
%
17,382
Cisco
Systems,
Inc
695,280
9,347
TE
Connectivity
Ltd
1,031,535
TOTAL
TECHNOLOGY
HARDWARE
&
EQUIPMENT
1,726,815
TELECOMMUNICATION
SERVICES
-
1
.5
%
7,797
*
T-Mobile
US,
Inc
1,046,123
TOTAL
TELECOMMUNICATION
SERVICES
1,046,123
TRANSPORTATION
-
2
.6
%
15,994
*,†,b
AMR
Corporation
160
18,469
CSX
Corp
492,014
4,713
Union
Pacific
Corp
918,187
2,447
United
Parcel
Service,
Inc
(Class
B)
395,288
TOTAL
TRANSPORTATION
1,805,649
UTILITIES
-
3
.7
%
7,833
Ameren
Corp
630,948
8,153
American
Electric
Power
Co,
Inc
704,827
19,254
Centerpoint
Energy,
Inc
542,578
9,198
NextEra
Energy,
Inc
721,215
TOTAL
UTILITIES
2,599,568
TOTAL
COMMON
STOCKS
69,282,523
(Cost
$54,471,627)
PRINCIPAL
ISSUER
RATE
MATURITY
DATE
SHORT-TERM
INVESTMENTS
-
0.2%
REPURCHASE
AGREEMENT
-
0
.2
%
$
120,000
r
Fixed
Income
Clearing
Corp
(FICC)
2
.950
%
10/03/22
120,000
TOTAL
REPURCHASE
AGREEMENT
120,000
TOTAL
SHORT-TERM
INVESTMENTS
120,000
(Cost
$120,000)
TOTAL
INVESTMENTS
-
100.0%
69,402,523
(Cost
$54,591,627)
OTHER
ASSETS
&
LIABILITIES,
NET
-
(0.0)%
(
28,602
)
NET
ASSETS
-
100.0%
$
69,373,921
*
Non-income
producing
†
Security
is
categorized
as
Level
3
in
the
fair
value
hierarchy.
b
In
bankruptcy
r
Agreement
with
Fixed
Income
Clearing
Corp
(FICC),
2.950%
dated
9/30/22
to
be
repurchased
at
$120,000
on
10/3/22,
collateralized
by
Government
Agency
Securities,
with
coupon
rate
0.750%
and
maturity
date
5/31/26,
valued
at
$122,421.
TIAA-CREF
Life
Real
Estate
Securities
Fund
September
30,
2022
Portfolio
of
investments
(unaudited)
14
TIAA-CREF
Life
Funds
SHARES
COMPANY
VALUE
COMMON
STOCKS
-
98.9%
DIVERSIFIED
REITS
-
0
.3
%
12,000
Washington
REIT
$
210,720
TOTAL
DIVERSIFIED
REITS
210,720
HEALTH
CARE
REITS
-
5
.6
%
45,000
Healthpeak
Properties
Inc
1,031,400
26,500
Ventas,
Inc
1,064,505
27,700
Welltower,
Inc
1,781,664
TOTAL
HEALTH
CARE
REITS
3,877,569
HOTEL
&
RESORT
REITS
-
1
.5
%
44,000
Host
Hotels
and
Resorts,
Inc
698,720
28,000
Park
Hotels
&
Resorts,
Inc
315,280
TOTAL
HOTEL
&
RESORT
REITS
1,014,000
INDUSTRIAL
REITS
-
16
.2
%
24,500
Duke
Realty
Corp
1,180,900
4,600
EastGroup
Properties,
Inc
663,964
4,500
Innovative
Industrial
Properties,
Inc
398,250
51,000
Prologis,
Inc
5,181,600
54,500
Rexford
Industrial
Realty,
Inc
2,834,000
19,000
Terreno
Realty
Corp
1,006,810
TOTAL
INDUSTRIAL
REITS
11,265,524
INTERNET
SERVICES
&
INFRASTRUCTURE
-
0
.2
%
31,000
*
Cyxtera
Technologies,
Inc
126,480
TOTAL
INTERNET
SERVICES
&
INFRASTRUCTURE
126,480
OFFICE
REITS
-
5
.7
%
12,500
Alexandria
Real
Estate
Equities,
Inc
1,752,375
13,200
Boston
Properties,
Inc
989,604
9,800
Kilroy
Realty
Corp
412,678
10,100
SL
Green
Realty
Corp
405,616
18,500
Vornado
Realty
Trust
428,460
TOTAL
OFFICE
REITS
3,988,733
REAL
ESTATE
OPERATING
COMPANIES
-
0
.6
%
21,250
DigitalBridge
Group,
Inc
265,838
20,700
Tricon
Residential,
Inc
179,055
TOTAL
REAL
ESTATE
OPERATING
COMPANIES
444,893
RESIDENTIAL
REITS
-
25
.2
%
64,000
American
Homes
4
Rent
2,099,840
19,200
AvalonBay
Communities,
Inc
3,536,448
30,000
Equity
Lifestyle
Properties,
Inc
1,885,200
45,000
Equity
Residential
3,024,900
8,600
Essex
Property
Trust,
Inc
2,083,178
29,000
Independence
Realty
Trust,
Inc
485,170
54,477
Ingenia
Communities
Group
129,755
12,000
Invitation
Homes,
Inc
405,240
4,700
Mid-America
Apartment
Communities,
Inc
728,829
7,000
NexPoint
Residential
Trust,
Inc
323,470
17,400
Sun
Communities,
Inc
2,354,742
11,500
UDR,
Inc
479,665
TOTAL
RESIDENTIAL
REITS
17,536,437
RETAIL
REITS
-
15
.2
%
4,600
Agree
Realty
Corp
310,868
61,500
Brixmor
Property
Group,
Inc
1,135,905
86,000
Kimco
Realty
Corp
1,583,260
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Real
Estate
Securities
Fund
September
30,
2022
15
TIAA-CREF
Life
Funds
concluded
SHARES
COMPANY
VALUE
RETAIL
REITS—continued
52,000
Kite
Realty
Group
Trust
$
895,440
22,000
Realty
Income
Corp
1,280,400
19,700
Regency
Centers
Corp
1,060,845
40,500
Simon
Property
Group,
Inc
3,634,875
16,200
SITE
Centers
Corp
173,502
14,000
Spirit
Realty
Capital,
Inc
506,240
TOTAL
RETAIL
REITS
10,581,335
SPECIALIZED
REITS
-
28
.4
%
22,600
American
Tower
Corp
4,852,220
15,600
Crown
Castle
International
Corp
2,254,980
10,500
Digital
Realty
Trust,
Inc
1,041,390
4,700
Equinix,
Inc
2,673,548
7,500
Extra
Space
Storage,
Inc
1,295,325
9,500
Gaming
and
Leisure
Properties,
Inc
420,280
11,500
Life
Storage,
Inc
1,273,740
18,300
National
Storage
Affiliates
Trust
760,914
8,100
Public
Storage,
Inc
2,371,761
3,500
SBA
Communications
Corp
996,275
23,000
VICI
Properties,
Inc
686,550
39,000
Weyerhaeuser
Co
1,113,840
TOTAL
SPECIALIZED
REITS
19,740,823
TOTAL
COMMON
STOCKS
68,786,514
(Cost
$55,287,173)
PRINCIPAL
ISSUER
RATE
MATURITY
DATE
SHORT-TERM
INVESTMENTS
-
1.0%
REPURCHASE
AGREEMENT
-
1
.0
%
$
690,000
r
Fixed
Income
Clearing
Corp
(FICC)
2
.950
%
10/03/22
690,000
TOTAL
REPURCHASE
AGREEMENT
690,000
TOTAL
SHORT-TERM
INVESTMENTS
690,000
(Cost
$690,000)
TOTAL
INVESTMENTS
-
99.9%
69,476,514
(Cost
$55,977,173)
OTHER
ASSETS
&
LIABILITIES,
NET
-
0.1%
68,180
NET
ASSETS
-
100.0%
$
69,544,694
REIT
Real
Estate
Investment
Trust
*
Non-income
producing
r
Agreement
with
Fixed
Income
Clearing
Corp
(FICC),
2.950%
dated
9/30/22
to
be
repurchased
at
$690,000
on
10/3/22,
collateralized
by
Government
Agency
Securities,
with
coupon
rate
0.625%
and
maturity
date
1/15/26,
valued
at
$703,914.
TIAA-CREF
Life
Small-Cap
Equity
Fund
September
30,
2022
Portfolio
of
investments
(unaudited)
16
TIAA-CREF
Life
Funds
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
COMMON
STOCKS
-
97.9%
AUTOMOBILES
&
COMPONENTS
-
1
.1
%
2,840
*
Fox
Factory
Holding
Corp
$
224,587
17,500
*
Goodyear
Tire
&
Rubber
Co
176,575
8,030
*
Tenneco,
Inc
139,642
1,030
*
XPEL,
Inc
66,373
TOTAL
AUTOMOBILES
&
COMPONENTS
607,177
BANKS
-
11
.9
%
2,130
Amalgamated
Financial
Corp
48,032
1,190
Ameris
Bancorp
53,205
8,190
Associated
Banc-Corp
164,455
3,770
*
Axos
Financial,
Inc
129,047
2,991
Bank
of
NT
Butterfield
&
Son
Ltd
97,088
2,962
Banner
Corp
174,995
11,960
Cadence
BanCorp
303,904
5,594
Cathay
General
Bancorp
215,145
3,280
Central
Pacific
Financial
Corp
67,863
6,660
Columbia
Banking
System,
Inc
192,408
3,422
ConnectOne
Bancorp,
Inc
78,911
3,833
*
Customers
Bancorp,
Inc
112,997
7,670
CVB
Financial
Corp
194,205
3,670
Eagle
Bancorp,
Inc
164,490
3,930
Enact
Holdings,
Inc
87,128
2,130
Enterprise
Financial
Services
Corp
93,805
6,451
Essent
Group
Ltd
224,946
674
Federal
Agricultural
Mortgage
Corp
(FAMC)
66,820
3,650
First
Busey
Corp
80,227
2,060
First
Financial
Corp
93,091
5,510
First
Foundation,
Inc
99,951
3,445
First
Interstate
Bancsystem,
Inc
139,006
3,355
First
Merchants
Corp
129,771
5,580
Hancock
Whitney
Corp
255,620
2,610
Heartland
Financial
USA,
Inc
113,170
3,910
Heritage
Commerce
Corp
44,339
8,640
Home
Bancshares,
Inc
194,486
2,940
Horizon
Bancorp
52,802
1,694
Independent
Bank
Corp
32,355
3,629
Lakeland
Bancorp,
Inc
58,100
940
Meta
Financial
Group,
Inc
30,982
1,660
*
Metropolitan
Bank
Holding
Corp
106,838
2,900
National
Bank
Holdings
Corp
107,271
8,711
*
NMI
Holdings,
Inc
177,443
5,795
OceanFirst
Financial
Corp
108,019
9,565
OFG
Bancorp
240,369
8,080
Old
National
Bancorp
133,078
5,650
Pacific
Premier
Bancorp,
Inc
174,924
1,220
Peapack
Gladstone
Financial
Corp
41,053
550
Preferred
Bank
35,877
994
Premier
Financial
Corp
25,546
1,244
QCR
Holdings,
Inc
63,369
14,987
Radian
Group,
Inc
289,099
4,790
Renasant
Corp
149,831
4,870
Towne
Bank
130,662
920
Trico
Bancshares
41,078
9,053
United
Community
Banks,
Inc
299,654
5,810
Washington
Federal,
Inc
174,184
3,630
WesBanco,
Inc
121,133
2,410
Westamerica
Bancorporation
126,019
TOTAL
BANKS
6,338,791
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Small-Cap
Equity
Fund
September
30,
2022
17
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
CAPITAL
GOODS
-
10
.3
%
5,140
Altra
Industrial
Motion
Corp
$
172,807
2,370
Applied
Industrial
Technologies,
Inc
243,589
3,418
*
Atkore
International
Group,
Inc
265,955
4,971
Comfort
Systems
USA,
Inc
483,827
2,970
*
Construction
Partners
Inc
77,903
978
CSW
Industrials,
Inc
117,164
1,530
Encore
Wire
Corp
176,776
4,090
*
Energy
Recovery,
Inc
88,917
10,370
*,e
Enovix
Corp
190,134
1,767
EnPro
Industries,
Inc
150,160
3,990
*
Evoqua
Water
Technologies
Corp
131,949
6,501
Federal
Signal
Corp
242,617
9,190
*
Fluor
Corp
228,739
1,400
Franklin
Electric
Co,
Inc
114,394
1,250
H&E
Equipment
Services,
Inc
35,425
9,830
*
Janus
International
Group,
Inc
87,684
3,330
Kennametal,
Inc
68,531
1,110
McGrath
RentCorp
93,085
12,714
*
MRC
Global,
Inc
91,414
3,682
Mueller
Industries,
Inc
218,858
15,390
*
NOW,
Inc
154,669
1,200
*
NV5
Global
Inc
148,584
4,280
*
Parsons
Corp
167,776
7,180
*
PGT
Innovations,
Inc
150,493
190
Quanex
Building
Products
Corp
3,450
3,800
Rush
Enterprises,
Inc
(Class
A)
166,668
1,700
*
SPX
Technologies,
Inc
93,874
910
Standex
International
Corp
74,301
9,200
*
Stem,
Inc
122,728
4,190
Terex
Corp
124,611
2,920
*
Titan
Machinery,
Inc
82,519
910
Triton
International
Ltd
49,804
9,690
*
Triumph
Group,
Inc
83,237
3,660
UFP
Industries,
Inc
264,106
4,550
Wabash
National
Corp
70,798
6,560
*
WillScot
Mobile
Mini
Holdings
Corp
264,565
8,035
Zurn
Water
Solutions
Corp
196,858
TOTAL
CAPITAL
GOODS
5,498,969
COMMERCIAL
&
PROFESSIONAL
SERVICES
-
2
.7
%
850
Brink's
Co
41,174
4,490
*
CBIZ,
Inc
192,082
2,353
Exponent,
Inc
206,288
8,230
*
First
Advantage
Corp
105,591
1,650
*
Franklin
Covey
Co
74,893
2,050
Heidrick
&
Struggles
International,
Inc
53,280
2,300
*
Huron
Consulting
Group,
Inc
152,375
1,620
ICF
International,
Inc
176,612
4,680
KBR,
Inc
202,270
2,188
Kforce,
Inc
128,326
800
Korn/Ferry
International
37,560
4,500
*
TrueBlue,
Inc
85,860
TOTAL
COMMERCIAL
&
PROFESSIONAL
SERVICES
1,456,311
CONSUMER
DURABLES
&
APPAREL
-
1
.8
%
9,910
*
Callaway
Golf
Co
190,867
5,290
Clarus
Corp
71,256
3,620
*
Crocs,
Inc
248,549
1,400
Ethan
Allen
Interiors,
Inc
29,596
3,704
*
Skyline
Champion
Corp
195,830
2,670
Steven
Madden
Ltd
71,209
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Small-Cap
Equity
Fund
September
30,
2022
18
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
CONSUMER
DURABLES
&
APPAREL—continued
6,290
*
Taylor
Morrison
Home
Corp
$
146,683
TOTAL
CONSUMER
DURABLES
&
APPAREL
953,990
CONSUMER
SERVICES
-
3
.2
%
240
*
Biglari
Holdings,
Inc
(B
Shares)
27,744
4,510
Bloomin'
Brands,
Inc
82,668
1,362
Bluegreen
Vacations
Holding
Corp
22,500
1,670
Carriage
Services,
Inc
53,707
6,000
*
Coursera,
Inc
64,680
4,650
*
Dave
&
Buster's
Entertainment,
Inc
144,290
3,840
*
Denny's
Corp
36,134
1,970
*
Duolingo,
Inc
187,603
8,380
*
Everi
Holdings,
Inc
135,924
80
Graham
Holdings
Co
43,038
5,620
*
Hilton
Grand
Vacations,
Inc
184,842
8,710
e
International
Game
Technology
plc
137,618
4,290
*
Portillo's,
Inc
84,470
6,160
*
PowerSchool
Holdings,
Inc
102,810
5,760
Ruth's
Hospitality
Group
Inc
97,114
3,530
Texas
Roadhouse,
Inc
(Class
A)
308,028
TOTAL
CONSUMER
SERVICES
1,713,170
DIVERSIFIED
FINANCIALS
-
3
.2
%
3,080
A-Mark
Precious
Metals,
Inc
87,441
3,730
Artisan
Partners
Asset
Management,
Inc
100,449
42,640
BGC
Partners,
Inc
(Class
A)
133,890
6,360
Broadmark
Realty
Capital,
Inc
32,500
2,100
Cohen
&
Steers,
Inc
131,523
5,773
Cowen
Group,
Inc
223,069
4,920
*
Enova
International,
Inc
144,008
4,050
*
Green
Dot
Corp
76,869
11,120
*
LendingClub
Corp
122,876
10,480
Navient
Corp
153,951
5,600
*
Open
Lending
Corp
45,024
1,470
Piper
Jaffray
Cos
153,968
4,210
Sculptor
Capital
Management,
Inc
37,216
3,380
StepStone
Group,
Inc
82,844
2,610
Victory
Capital
Holdings,
Inc
60,839
810
Virtus
Investment
Partners,
Inc
129,211
TOTAL
DIVERSIFIED
FINANCIALS
1,715,678
ENERGY
-
6
.6
%
3,510
*
Ardmore
Shipping
Corp
32,046
15,460
Berry
Petroleum
Co
LLC
115,950
6,067
Brigham
Minerals,
Inc
149,673
3,780
Chesapeake
Energy
Corp
356,114
7,000
CVR
Energy,
Inc
202,860
6,680
Delek
US
Holdings,
Inc
181,295
1,600
*
Denbury,
Inc
138,016
6,640
*
Diamond
Offshore
Drilling,
Inc
44,023
13,770
*
Liberty
Oilfield
Services,
Inc
174,604
4,010
Murphy
Oil
Corp
141,032
17,030
*
NexTier
Oilfield
Solutions,
Inc
126,022
49,390
Nordic
American
Tankers
Ltd
131,871
3,370
Ovintiv,
Inc
155,020
9,465
*
Par
Pacific
Holdings,
Inc
155,321
13,783
*
PBF
Energy,
Inc
484,610
730
PDC
Energy,
Inc
42,187
21,380
*
Permian
Resources
Corp
145,384
16,350
RPC,
Inc
113,305
5,460
*
Talos
Energy,
Inc
90,909
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Small-Cap
Equity
Fund
September
30,
2022
19
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
ENERGY—continued
2,180
*
Teekay
Tankers
Ltd
$
60,037
33,699
*,e
Tellurian,
Inc
80,541
5,980
*
US
Silica
Holdings,
Inc
65,481
2,570
*
Valaris
Ltd
125,776
6,150
*
Weatherford
International
Ltd
198,583
TOTAL
ENERGY
3,510,660
FOOD
&
STAPLES
RETAILING
-
1
.1
%
4,022
Andersons,
Inc
124,803
2,183
*,d
BJ's
Wholesale
Club
Holdings,
Inc
158,944
4,110
*
Chefs'
Warehouse
Holdings,
Inc
119,067
3,544
*
Performance
Food
Group
Co
152,215
7,330
*,e
Rite
Aid
Corp
36,283
TOTAL
FOOD
&
STAPLES
RETAILING
591,312
FOOD,
BEVERAGE
&
TOBACCO
-
2
.4
%
2,744
Calavo
Growers,
Inc
87,122
3,380
Cal-Maine
Foods,
Inc
187,894
270
Coca-Cola
Consolidated
Inc
111,167
4,110
*
Duckhorn
Portfolio,
Inc
59,307
7,085
*
Hostess
Brands,
Inc
164,656
990
MGP
Ingredients,
Inc
105,098
13,870
Primo
Water
Corp
174,069
13,760
*
SunOpta,
Inc
125,216
4,250
*
TreeHouse
Foods,
Inc
180,285
1,450
Universal
Corp
66,758
1,880
*
Vital
Farms,
Inc
22,504
TOTAL
FOOD,
BEVERAGE
&
TOBACCO
1,284,076
HEALTH
CARE
EQUIPMENT
&
SERVICES
-
7
.6
%
10,450
*
1Life
Healthcare,
Inc
179,218
6,510
*
AdaptHealth
Corp
122,258
7,370
*
Allscripts
Healthcare
Solutions,
Inc
112,245
530
*
AMN
Healthcare
Services,
Inc
56,159
4,024
*
Avanos
Medical,
Inc
87,643
3,230
*
Axonics
Modulation
Technologies,
Inc
227,521
7,250
*
Cardiovascular
Systems,
Inc
100,485
7,330
*
Cross
Country
Healthcare,
Inc
207,952
11,040
*
DocGo,
Inc
109,517
6,160
*
Evolent
Health,
Inc
221,329
4,370
*
Health
Catalyst,
Inc
42,389
2,774
*
HealthStream,
Inc
58,975
12,800
*
Hims
&
Hers
Health,
Inc
71,424
2,100
*
Integer
Holding
Corp
130,683
4,481
*
Lantheus
Holdings,
Inc
315,149
3,600
*
Meridian
Bioscience,
Inc
113,508
3,740
*
Merit
Medical
Systems,
Inc
211,347
1,140
*
ModivCare,
Inc
113,635
6,760
*
Neogen
Corp
94,437
4,880
*
NextGen
Healthcare,
Inc
86,376
9,430
*
Option
Care
Health,
Inc
296,762
3,740
Patterson
Cos,
Inc
89,835
5,240
*
Phreesia,
Inc
133,515
4,210
*
Privia
Health
Group,
Inc
143,393
3,140
*
PROCEPT
BioRobotics
Corp
130,184
5,300
*
Progyny,
Inc
196,418
2,400
*
RadNet,
Inc
48,840
1,170
*
Shockwave
Medical
Inc
325,342
690
*
Tenet
Healthcare
Corp
35,590
TOTAL
HEALTH
CARE
EQUIPMENT
&
SERVICES
4,062,129
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Small-Cap
Equity
Fund
September
30,
2022
20
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
HOUSEHOLD
&
PERSONAL
PRODUCTS
-
0
.8
%
9,310
*
BellRing
Brands,
Inc
$
191,879
6,022
*
elf
Beauty,
Inc
226,548
TOTAL
HOUSEHOLD
&
PERSONAL
PRODUCTS
418,427
INSURANCE
-
1
.2
%
1,159
American
Equity
Investment
Life
Holding
Co
43,219
1,830
Employers
Holdings,
Inc
63,117
50,390
*
Genworth
Financial,
Inc
(Class
A)
176,365
2,500
Selective
Insurance
Group,
Inc
203,500
3,090
Stewart
Information
Services
Corp
134,847
3,096
Universal
Insurance
Holdings,
Inc
30,496
TOTAL
INSURANCE
651,544
MATERIALS
-
3
.7
%
800
AdvanSix,
Inc
25,680
1,050
American
Vanguard
Corp
19,635
3,910
*
Aspen
Aerogels,
Inc
36,050
4,920
Commercial
Metals
Co
174,562
12,620
*
Constellium
SE
127,967
543
Innospec,
Inc
46,519
1,210
*
Intrepid
Potash,
Inc
47,880
6,310
*
LSB
Industries,
Inc
89,917
2,404
Materion
Corp
192,320
3,100
Myers
Industries,
Inc
51,057
14,690
*
O-I
Glass,
Inc
190,235
1,490
Olympic
Steel,
Inc
33,987
1,230
*
Piedmont
Lithium,
Inc
65,793
7,170
*
Rayonier
Advanced
Materials,
Inc
22,585
5,090
Ryerson
Holding
Corp
131,017
4,080
Schnitzer
Steel
Industries,
Inc
(Class
A)
116,117
5,750
Schweitzer-Mauduit
International,
Inc
126,960
2,810
Sensient
Technologies
Corp
194,845
785
Stepan
Co
73,531
2,400
Sylvamo
Corp
81,360
10,140
Tronox
Holdings
plc
124,215
TOTAL
MATERIALS
1,972,232
MEDIA
&
ENTERTAINMENT
-
2
.2
%
5,441
*
Cargurus,
Inc
77,099
5,720
*
Cars.com,
Inc
65,780
24,530
*
Clear
Channel
33,606
12,810
Entravision
Communications
Corp
(Class
A)
50,856
7,460
*
Integral
Ad
Science
Holding
Corp
54,010
3,919
*
Liberty
Braves
Group
(Class
C)
107,773
9,990
*
Magnite,
Inc
65,634
6,320
*
PubMatic,
Inc
105,102
6,080
Sinclair
Broadcast
Group,
Inc
(Class
A)
109,987
13,020
TEGNA,
Inc
269,254
7,070
*
WideOpenWest,
Inc
86,749
4,220
*
Yelp,
Inc
143,100
TOTAL
MEDIA
&
ENTERTAINMENT
1,168,950
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
-
10
.9
%
2,430
*
Acadia
Pharmaceuticals,
Inc
39,755
35,790
*
ADMA
Biologics,
Inc
86,970
35,401
*
Agenus,
Inc
72,572
8,170
*
Alkermes
plc
182,436
4,720
*
Amphastar
Pharmaceuticals,
Inc
132,632
5,040
*
Amylyx
Pharmaceuticals,
Inc
141,876
5,500
*
Arcutis
Biotherapeutics,
Inc
105,105
1,290
*
Arrowhead
Pharmaceuticals
Inc
42,634
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Small-Cap
Equity
Fund
September
30,
2022
21
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES—continued
16,860
*
BioCryst
Pharmaceuticals,
Inc
$
212,436
16,920
*,e
Bluebird
Bio,
Inc
107,104
5,680
*
C4
Therapeutics,
Inc
49,814
3,283
*
CareDx,
Inc
55,877
14,900
*
Catalyst
Pharmaceuticals,
Inc
191,167
5,750
*
ChemoCentryx,
Inc
297,045
7,190
*
Chinook
Therapeutics,
Inc
141,355
9,420
*
Codexis,
Inc
57,085
6,660
*
Cogent
Biosciences,
Inc
99,367
4,650
*
Coherus
Biosciences,
Inc
44,686
2,870
*
Crinetics
Pharmaceuticals,
Inc
56,367
21,820
*
CTI
BioPharma
Corp
126,992
10,100
*
Cytek
Biosciences,
Inc
148,672
5,220
*
Day
One
Biopharmaceuticals,
Inc
104,557
5,630
*
Deciphera
Pharmaceuticals,
Inc
104,155
12,030
*
Dynavax
Technologies
Corp
125,593
6,130
*
Editas
Medicine,
Inc
75,031
10,250
*
Evolus,
Inc
82,512
5,200
*
Global
Blood
Therapeutics,
Inc
354,120
5,570
*
Gossamer
Bio,
Inc
66,729
3,044
*
Harmony
Biosciences
Holdings,
Inc
134,819
3,260
*
Ideaya
Biosciences,
Inc
48,639
5,850
*,e
Intercept
Pharmaceuticals,
Inc
81,608
3,440
*
Intra-Cellular
Therapies,
Inc
160,063
15,230
*
Iovance
Biotherapeutics,
Inc
145,903
3,086
*
Ironwood
Pharmaceuticals,
Inc
31,971
12,297
*
IVERIC
bio,
Inc
220,608
15,190
*
Karyopharm
Therapeutics,
Inc
82,937
13,980
*
Kezar
Life
Sciences,
Inc
120,368
13,210
*,e
MannKind
Corp
40,819
17,890
*
Mersana
Therapeutics,
Inc
120,936
3,380
*
Morphic
Holding,
Inc
95,654
6,910
*
NGM
Biopharmaceuticals
Inc
90,383
8,770
*
Nkarta,
Inc
115,413
7,720
*
Nurix
Therapeutics,
Inc
100,592
2,185
Phibro
Animal
Health
Corp
29,039
3,420
*
Prometheus
Biosciences,
Inc
201,814
3,440
*
Protagonist
Therapeutics,
Inc
28,999
3,900
*
RAPT
Therapeutics,
Inc
93,834
5,230
*,e
Recursion
Pharmaceuticals,
Inc
55,647
4,180
*
Revance
Therapeutics,
Inc
112,860
20,320
*
Rigel
Pharmaceuticals,
Inc
23,978
24,045
*
Sangamo
Therapeutics
Inc
117,821
3,217
*
Travere
Therapeutics,
Inc
79,267
8,550
*
Vanda
Pharmaceuticals,
Inc
84,474
4,950
*
Vir
Biotechnology,
Inc
95,436
TOTAL
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
5,818,526
REAL
ESTATE
-
5
.9
%
2,840
Agree
Realty
Corp
191,927
4,880
Alexander
&
Baldwin,
Inc
80,910
8,710
Apple
Hospitality
REIT,
Inc
122,462
12,460
*
Ashford
Hospitality
Trust,
Inc
84,853
11,360
*
Cushman
&
Wakefield
plc
130,072
10,580
DiamondRock
Hospitality
Co
79,456
1,371
EastGroup
Properties,
Inc
197,890
9,620
Essential
Properties
Realty
Trust,
Inc
187,109
10,920
Macerich
Co
86,705
3,400
Marcus
&
Millichap,
Inc
111,452
4,997
National
Storage
Affiliates
Trust
207,775
3,410
Office
Properties
Income
Trust
47,910
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Small-Cap
Equity
Fund
September
30,
2022
22
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
REAL
ESTATE—continued
6,340
Outfront
Media,
Inc
$
96,305
18,650
Paramount
Group,
Inc
116,189
7,420
Phillips
Edison
&
Co,
Inc
208,131
6,400
Piedmont
Office
Realty
Trust,
Inc
67,584
4,900
PotlatchDeltic
Corp
201,096
11,060
Retail
Opportunities
Investment
Corp
152,186
10,730
RLJ
Lodging
Trust
108,588
18,880
Service
Properties
Trust
97,987
5,826
STAG
Industrial,
Inc
165,633
12,210
Summit
Hotel
Properties,
Inc
82,051
10,910
Tanger
Factory
Outlet
Centers,
Inc
149,249
9,110
Whitestone
REIT
77,071
5,520
Xenia
Hotels
&
Resorts,
Inc
76,121
TOTAL
REAL
ESTATE
3,126,712
RETAILING
-
1
.5
%
3,250
Academy
Sports
&
Outdoors,
Inc
137,085
1,550
*
Boot
Barn
Holdings,
Inc
90,613
14,350
*
CarParts.com,
Inc
74,190
2,830
Designer
Brands,
Inc
43,327
5,920
Macy's,
Inc
92,766
3,220
*
MarineMax,
Inc
95,924
3,710
Monro
Muffler,
Inc
161,237
16,720
*
RealReal,
Inc
25,080
1,710
Rent-A-Center,
Inc
29,942
2,250
*
Sally
Beauty
Holdings,
Inc
28,350
580
Signet
Jewelers
Ltd
33,170
TOTAL
RETAILING
811,684
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
-
2
.2
%
2,870
*,e
Credo
Technology
Group
Holding
Ltd
31,570
3,893
*
Lattice
Semiconductor
Corp
191,574
2,880
*
MACOM
Technology
Solutions
Holdings,
Inc
149,155
4,780
*
MaxLinear,
Inc
155,923
9,590
*
Photronics,
Inc
140,206
4,750
*
Rambus,
Inc
120,745
4,170
*
Semtech
Corp
122,640
6,740
*,e
SunPower
Corp
155,290
6,480
*
Veeco
Instruments,
Inc
118,714
TOTAL
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
1,185,817
SOFTWARE
&
SERVICES
-
7
.3
%
8,090
*
ACI
Worldwide,
Inc
169,081
4,750
*,e
Alkami
Technology,
Inc
71,487
17,400
*
AvidXchange
Holdings,
Inc
146,508
9,630
*
Box,
Inc
234,876
4,740
*
Brightcove,
Inc
29,862
3,320
*
ChannelAdvisor
Corp
75,231
5,860
*,e
Clear
Secure,
Inc
133,960
17,240
*
Conduent,
Inc
57,582
2,760
*
Domo,
Inc
49,652
6,490
*
EngageSmart,
Inc
134,278
2,100
*
ExlService
Holdings,
Inc
309,456
6,620
*
Flywire
Corp
151,995
9,050
*
Grid
Dynamics
Holdings,
Inc
169,507
4,880
*
International
Money
Express
Inc
111,215
8,310
*
KnowBe4,
Inc
172,931
3,120
*
Pagerduty,
Inc
71,978
23,430
*
Payoneer
Global,
Inc
141,752
3,868
Progress
Software
Corp
164,583
2,180
*
Qualys,
Inc
303,870
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Small-Cap
Equity
Fund
September
30,
2022
23
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
SOFTWARE
&
SERVICES—continued
1,115
*
Rapid7,
Inc
$
47,834
11,940
*
Repay
Holdings
Corp
84,296
3,510
*
Sprout
Social,
Inc
212,987
1,800
*
SPS
Commerce,
Inc
223,614
15,430
*
Sumo
Logic,
Inc
115,725
5,776
*
Tenable
Holdings,
Inc
201,005
7,800
*
Varonis
Systems,
Inc
206,856
16,710
*,e
Zeta
Global
Holdings
Corp
110,453
TOTAL
SOFTWARE
&
SERVICES
3,902,574
TECHNOLOGY
HARDWARE
&
EQUIPMENT
-
3
.5
%
3,710
Belden
CDT,
Inc
222,674
3,270
*
Coherent
Corp
113,960
18,290
*
CommScope
Holding
Co,
Inc
168,451
13,622
*
Extreme
Networks,
Inc
178,040
2,090
*
Fabrinet
199,490
6,510
*
Knowles
Corp
79,227
1,059
*
OSI
Systems,
Inc
76,312
5,220
*
Ribbon
Communications,
Inc
11,588
8,031
*
Sanmina
Corp
370,068
1,180
*
Scansource,
Inc
31,164
3,400
*
Super
Micro
Computer,
Inc
187,238
10,770
Vishay
Intertechnology,
Inc
191,598
886
*
Vishay
Precision
Group,
Inc
26,217
TOTAL
TECHNOLOGY
HARDWARE
&
EQUIPMENT
1,856,027
TELECOMMUNICATION
SERVICES
-
0
.7
%
3,050
*
Bandwidth
Inc
36,295
5,890
*
EchoStar
Corp
(Class
A)
97,008
56,170
*
Globalstar,
Inc
89,310
7,300
*
Gogo,
Inc
88,476
9,380
*
Radius
Global
Infrastructure,
Inc
88,360
TOTAL
TELECOMMUNICATION
SERVICES
399,449
TRANSPORTATION
-
1
.9
%
2,881
ArcBest
Corp
209,535
2,331
Forward
Air
Corp
210,396
3,581
*
Hub
Group,
Inc
(Class
A)
247,018
12,990
Safe
Bulkers,
Inc
32,085
1,070
*
Saia,
Inc
203,300
6,354
Spirit
Airlines,
Inc
119,582
TOTAL
TRANSPORTATION
1,021,916
UTILITIES
-
4
.2
%
5,170
Avista
Corp
191,548
3,878
Black
Hills
Corp
262,657
5,895
Brookfield
Infrastructure
Corp
239,926
3,088
Clearway
Energy,
Inc
(Class
A)
89,861
6,020
Clearway
Energy,
Inc
(Class
C)
191,737
3,391
Northwest
Natural
Holding
Co
147,102
3,945
NorthWestern
Corp
194,410
3,180
Otter
Tail
Corp
195,634
4,815
Portland
General
Electric
Co
209,260
8,641
South
Jersey
Industries,
Inc
288,782
700
Southwest
Gas
Holdings
Inc
48,825
4,139
*
Sunnova
Energy
International,
Inc
91,389
1,490
Unitil
Corp
69,210
TOTAL
UTILITIES
2,220,341
TOTAL
COMMON
STOCKS
52,286,462
(Cost
$52,141,002)
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Small-Cap
Equity
Fund
September
30,
2022
24
TIAA-CREF
Life
Funds
concluded
PRINCIPAL
ISSUER
REFERENCERATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
SHORT-TERM
INVESTMENTS
-
4.3%
REPURCHASE
AGREEMENT
-
2
.4
%
$
1,280,000
r
Fixed
Income
Clearing
Corp
(FICC)
2
.950
%
10/03/22
$
1,280,000
TOTAL
REPURCHASE
AGREEMENT
1,280,000
SHARES
COMPANY
EXP
INVESTMENTS
IN
REGISTERED
INVESTMENT
COMPANIES
-
1
.9
%
1,024,639
c
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
3
.070
1,024,639
TOTAL
INVESTMENTS
IN
REGISTERED
INVESTMENT
COMPANIES
1,024,639
TOTAL
SHORT-TERM
INVESTMENTS
2,304,639
(Cost
$2,304,639)
TOTAL
INVESTMENTS
-
102.2%
54,591,101
(Cost
$54,445,641)
OTHER
ASSETS
&
LIABILITIES,
NET
-
(2.2)%
(
1,182,746
)
NET
ASSETS
-
100.0%
$
53,408,355
REIT
Real
Estate
Investment
Trust
*
Non-income
producing
c
Investments
made
with
cash
collateral
received
from
securities
on
loan.
d
All
or
a
portion
of
these
securities
have
been
segregated
to
cover
margin
requirements
on
open
futures
contracts.
e
All
or
a
portion
of
these
securities
are
out
on
loan.
The
aggregate
value
of
securities
on
loan
is
$1,183,768.
r
Agreement
with
Fixed
Income
Clearing
Corp
(FICC),
2.950%
dated
9/30/22
to
be
repurchased
at
$1,280,000
on
10/3/22,
collateralized
by
Government
Agency
Securities,
with
coupon
rate
0.750%
and
maturity
date
5/31/26,
valued
at
$1,305,647.
Futures
contracts
outstanding
as
of
September
30,
2022
were
as
follows:
Description
Number
of
long
(short)
contracts
Expiration
date
Notional
amount
Value
Unrealized
appreciation
(depreciation)
Russell
2000
E
Mini
Index
13
12/16/22
$
1,176,981
$
1,085,370
$
(
91,611
)
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Social
Choice
Equity
Fund
September
30,
2022
25
TIAA-CREF
Life
Funds
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
COMMON
STOCKS
-
99.0%
AUTOMOBILES
&
COMPONENTS
-
2
.5
%
2,376
*
American
Axle
&
Manufacturing
Holdings,
Inc
$
16,228
1,428
*
Aptiv
plc
111,684
114
BorgWarner,
Inc
3,580
3,330
*,e
Lordstown
Motors
Corp
6,094
414
*
Modine
Manufacturing
Co
5,357
6,293
*
Tesla,
Inc
1,669,218
TOTAL
AUTOMOBILES
&
COMPONENTS
1,812,161
BANKS
-
3
.0
%
564
Bank
OZK
22,312
618
Berkshire
Hills
Bancorp,
Inc
16,871
53
Camden
National
Corp
2,258
10,598
Citigroup,
Inc
441,619
6,052
Citizens
Financial
Group,
Inc
207,947
1,396
Comerica,
Inc
99,256
18
Commerce
Bancshares,
Inc
1,191
599
*
Customers
Bancorp,
Inc
17,659
89
Federal
Agricultural
Mortgage
Corp
(FAMC)
8,823
136
First
Busey
Corp
2,989
577
First
Republic
Bank
75,327
16
FNB
Corp
186
67
Hancock
Whitney
Corp
3,069
108
Heritage
Financial
Corp
2,859
231
HomeStreet,
Inc
6,655
3,688
Huntington
Bancshares,
Inc
48,608
2,786
Keycorp
44,632
329
Live
Oak
Bancshares,
Inc
10,067
180
*
Mr
Cooper
Group,
Inc
7,290
333
National
Bank
Holdings
Corp
12,318
5
NBT
Bancorp,
Inc
190
145
Old
National
Bancorp
2,388
673
Pinnacle
Financial
Partners,
Inc
54,580
2,984
PNC
Financial
Services
Group,
Inc
445,869
8,735
Regions
Financial
Corp
175,311
248
*
SVB
Financial
Group
83,273
277
*
The
Bancorp,
Inc
6,089
49
Trico
Bancshares
2,188
6,620
Truist
Financial
Corp
288,235
9
Umpqua
Holdings
Corp
154
182
Univest
Financial
Corp
4,273
49
Westamerica
Bancorporation
2,562
693
Zions
Bancorporation
35,246
TOTAL
BANKS
2,132,294
CAPITAL
GOODS
-
5
.3
%
2,720
3M
Co
300,560
17
Acuity
Brands,
Inc
2,677
1,093
*
Axon
Enterprise,
Inc
126,515
66
*
Bloom
Energy
Corp
1,319
3,121
Carrier
Global
Corp
110,983
2,971
Caterpillar,
Inc
487,482
467
Cummins,
Inc
95,039
856
Curtiss-Wright
Corp
119,121
1,548
Deere
&
Co
516,862
2,303
Eaton
Corp
307,128
633
Emerson
Electric
Co
46,348
1,556
Fastenal
Co
71,638
1,269
Fortive
Corp
73,983
151
Herc
Holdings,
Inc
15,686
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Social
Choice
Equity
Fund
September
30,
2022
26
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
CAPITAL
GOODS—continued
1,866
Hexcel
Corp
$
96,509
27
IDEX
Corp
5,396
2,457
Illinois
Tool
Works,
Inc
443,857
4,061
Johnson
Controls
International
plc
199,882
2,201
Masco
Corp
102,765
1,280
*
Mercury
Systems,
Inc
51,968
68
Moog,
Inc
(Class
A)
4,784
52
*
MYR
Group,
Inc
4,406
75
Owens
Corning,
Inc
5,896
766
PACCAR,
Inc
64,107
481
Rockwell
Automation,
Inc
103,468
116
Snap-On,
Inc
23,357
882
Trane
Technologies
plc
127,722
1,280
*
Triumph
Group,
Inc
10,995
386
*
United
Rentals,
Inc
104,266
267
*
Vectrus,
Inc
9,452
169
W.W.
Grainger,
Inc
82,673
54
*
WESCO
International,
Inc
6,446
484
Woodward
Inc
38,846
475
Xylem,
Inc
41,496
TOTAL
CAPITAL
GOODS
3,803,632
COMMERCIAL
&
PROFESSIONAL
SERVICES
-
1
.4
%
205
ACCO
Brands
Corp
1,004
27
*
ASGN
Inc
2,440
207
Cintas
Corp
80,355
3,650
*
Copart,
Inc
388,360
47
Heidrick
&
Struggles
International,
Inc
1,222
1,863
*
KAR
Auction
Services,
Inc
20,810
478
Kelly
Services,
Inc
(Class
A)
6,496
691
Robert
Half
International,
Inc
52,861
1,537
TransUnion
91,436
33
*
TriNet
Group,
Inc
2,350
177
Verisk
Analytics,
Inc
30,184
1,861
Waste
Management,
Inc
298,151
TOTAL
COMMERCIAL
&
PROFESSIONAL
SERVICES
975,669
CONSUMER
DURABLES
&
APPAREL
-
1
.2
%
643
DR
Horton,
Inc
43,306
468
Ethan
Allen
Interiors,
Inc
9,894
739
*
GoPro,
Inc
3,643
200
*
Green
Brick
Partners,
Inc
4,276
13
Hasbro,
Inc
876
325
*
iRobot
Corp
18,307
264
*
Lovesac
Co
5,380
348
*
Lululemon
Athletica,
Inc
97,287
144
Newell
Brands
Inc
2,000
6,054
Nike,
Inc
(Class
B)
503,209
24
*
NVR,
Inc
95,690
1,740
*
Sonos,
Inc
24,186
680
*,e
Traeger,
Inc
1,918
1,145
*
Tupperware
Brands
Corp
7,500
709
VF
Corp
21,206
TOTAL
CONSUMER
DURABLES
&
APPAREL
838,678
CONSUMER
SERVICES
-
2
.4
%
259
ADT,
Inc
1,940
389
*
American
Public
Education,
Inc
3,555
275
*
Booking
Holdings,
Inc
451,883
430
*
Bright
Horizons
Family
Solutions
24,790
356
Carriage
Services,
Inc
11,449
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Social
Choice
Equity
Fund
September
30,
2022
27
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
CONSUMER
SERVICES—continued
1,038
*
Dave
&
Buster's
Entertainment,
Inc
$
32,209
306
Domino's
Pizza,
Inc
94,921
372
*
El
Pollo
Loco
Holdings,
Inc
3,318
17
Graham
Holdings
Co
9,146
3,214
Hilton
Worldwide
Holdings,
Inc
387,673
384
*
Planet
Fitness,
Inc
22,141
35
*
Shake
Shack,
Inc
1,574
941
*
Six
Flags
Entertainment
Corp
16,656
6,440
Starbucks
Corp
542,634
1,155
*
Terminix
Global
Holdings,
Inc
44,225
244
Vail
Resorts,
Inc
52,616
983
Wendy's
18,372
1,174
*
WW
International
Inc
4,614
TOTAL
CONSUMER
SERVICES
1,723,716
DIVERSIFIED
FINANCIALS
-
7
.4
%
2,331
Ally
Financial,
Inc
64,872
3,654
American
Express
Co
492,961
766
Ameriprise
Financial,
Inc
192,994
6,421
Bank
of
New
York
Mellon
Corp
247,337
837
BlackRock,
Inc
460,584
7,919
Charles
Schwab
Corp
569,139
1,626
CME
Group,
Inc
288,013
4,070
Discover
Financial
Services
370,044
114
Factset
Research
Systems,
Inc
45,613
1,812
Goldman
Sachs
Group,
Inc
531,007
105
*
Green
Dot
Corp
1,993
4,278
Intercontinental
Exchange
Group,
Inc
386,517
482
Invesco
Ltd
6,603
993
Moody's
Corp
241,408
6,745
Morgan
Stanley
532,922
867
Nasdaq
Inc
49,142
1,303
Northern
Trust
Corp
111,485
65
*
PRA
Group,
Inc
2,136
38
*
PROG
Holdings,
Inc
569
104
Raymond
James
Financial,
Inc
10,277
1,753
S&P
Global,
Inc
535,279
1,582
State
Street
Corp
96,201
837
T
Rowe
Price
Group,
Inc
87,893
357
Voya
Financial,
Inc
21,599
TOTAL
DIVERSIFIED
FINANCIALS
5,346,588
ENERGY
-
4
.8
%
4,768
Antero
Midstream
Corp
43,770
2,379
APA
Corp
81,338
3,273
Baker
Hughes
Co
68,602
49
ChampionX
Corp
959
2,368
Cheniere
Energy,
Inc
392,875
5,926
ConocoPhillips
606,467
59
Delek
US
Holdings,
Inc
1,601
1,885
Devon
Energy
Corp
113,345
156
*
DMC
Global,
Inc
2,493
1,946
EOG
Resources,
Inc
217,427
2,684
EQT
Corp
109,373
1,231
Hess
Corp
134,167
12,178
Kinder
Morgan,
Inc
202,642
8,716
*
Kosmos
Energy
Ltd
45,062
1,192
Marathon
Petroleum
Corp
118,401
4,253
NOV,
Inc
68,813
3,765
Occidental
Petroleum
Corp
231,359
230
ONEOK,
Inc
11,785
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Social
Choice
Equity
Fund
September
30,
2022
28
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
ENERGY—continued
262
Ovintiv,
Inc
$
12,052
1,041
Pioneer
Natural
Resources
Co
225,408
11,534
Schlumberger
Ltd
414,071
9,547
*
Southwestern
Energy
Co
58,428
2,564
Valero
Energy
Corp
273,963
TOTAL
ENERGY
3,434,401
FOOD
&
STAPLES
RETAILING
-
0
.6
%
2,434
*
BJ's
Wholesale
Club
Holdings,
Inc
177,219
1,046
*
Performance
Food
Group
Co
44,926
500
Pricesmart,
Inc
28,795
780
SpartanNash
Co
22,636
2,479
*
Sprouts
Farmers
Market,
Inc
68,792
1,207
*
United
Natural
Foods,
Inc
41,485
3,198
*
US
Foods
Holding
Corp
84,555
TOTAL
FOOD
&
STAPLES
RETAILING
468,408
FOOD,
BEVERAGE
&
TOBACCO
-
3
.3
%
898
Archer-Daniels-Midland
Co
72,244
627
Campbell
Soup
Co
29,544
13,837
Coca-Cola
Co
775,149
173
*
Darling
International,
Inc
11,444
399
Fresh
Del
Monte
Produce,
Inc
9,273
4,678
General
Mills,
Inc
358,382
2,699
Hormel
Foods
Corp
122,642
1,656
Kellogg
Co
115,357
901
McCormick
&
Co,
Inc
64,214
4,853
PepsiCo,
Inc
792,301
79
*
TreeHouse
Foods,
Inc
3,351
TOTAL
FOOD,
BEVERAGE
&
TOBACCO
2,353,901
HEALTH
CARE
EQUIPMENT
&
SERVICES
-
5
.7
%
467
*
Abiomed,
Inc
114,723
545
*
Align
Technology,
Inc
112,875
841
*
Allscripts
Healthcare
Solutions,
Inc
12,808
786
*
Angiodynamics,
Inc
16,082
100
*
AtriCure,
Inc
3,910
13
*
Axonics
Modulation
Technologies,
Inc
916
3,201
*
Cerus
Corp
11,524
1,896
Cigna
Corp
526,083
280
*
Computer
Programs
&
Systems,
Inc
7,806
442
Cooper
Cos,
Inc
116,644
109
*
Covetrus,
Inc
2,276
169
Dentsply
Sirona,
Inc
4,791
2,438
*
Dexcom,
Inc
196,357
4,544
*
Edwards
Lifesciences
Corp
375,471
1,263
Elevance
Health,
Inc
573,705
1,838
*
Envista
Holdings
Corp
60,305
154
*
Globus
Medical,
Inc
9,174
1,350
HCA
Healthcare,
Inc
248,116
747
*
Health
Catalyst,
Inc
7,246
231
*
Henry
Schein,
Inc
15,193
70
*
Heska
Corp
5,104
1,179
*
Hologic,
Inc
76,069
990
Humana,
Inc
480,338
631
*
IDEXX
Laboratories,
Inc
205,580
110
*
Inogen,
Inc
2,671
1,889
*
Intuitive
Surgical,
Inc
354,074
493
Laboratory
Corp
of
America
Holdings
100,971
301
LeMaitre
Vascular,
Inc
15,255
85
*
LivaNova
plc
4,315
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Social
Choice
Equity
Fund
September
30,
2022
29
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
HEALTH
CARE
EQUIPMENT
&
SERVICES—continued
478
*
Merit
Medical
Systems,
Inc
$
27,012
1,173
*
NextGen
Healthcare,
Inc
20,762
476
*
Omnicell,
Inc
41,426
4,759
*
Opko
Health,
Inc
8,995
667
*
OraSure
Technologies,
Inc
2,528
412
*
Orthofix
Medical
Inc
7,873
170
*
Penumbra,
Inc
32,232
298
Quest
Diagnostics,
Inc
36,562
871
Resmed,
Inc
190,139
269
*
Staar
Surgical
Co
18,978
339
STERIS
plc
56,369
60
*
Tactile
Systems
Technology,
Inc
467
186
*
Tandem
Diabetes
Care,
Inc
8,900
42
*
Teladoc,
Inc
1,065
TOTAL
HEALTH
CARE
EQUIPMENT
&
SERVICES
4,113,690
HOUSEHOLD
&
PERSONAL
PRODUCTS
-
1
.7
%
3,313
Colgate-Palmolive
Co
232,738
697
Kimberly-Clark
Corp
78,441
7,452
Procter
&
Gamble
Co
940,815
TOTAL
HOUSEHOLD
&
PERSONAL
PRODUCTS
1,251,994
INSURANCE
-
3
.5
%
3,500
Aflac,
Inc
196,700
1,239
Allstate
Corp
154,293
135
Arthur
J.
Gallagher
&
Co
23,115
2,818
Chubb
Ltd
512,538
11,747
*
Genworth
Financial,
Inc
(Class
A)
41,115
962
Lincoln
National
Corp
42,241
2,268
Loews
Corp
113,037
3,366
Marsh
&
McLennan
Cos,
Inc
502,510
3,140
Progressive
Corp
364,899
3,417
Prudential
Financial,
Inc
293,110
1,634
Travelers
Cos,
Inc
250,329
162
Willis
Towers
Watson
plc
32,552
TOTAL
INSURANCE
2,526,439
MATERIALS
-
2
.9
%
205
Amcor
plc
2,200
140
Aptargroup,
Inc
13,304
3,084
Ball
Corp
149,019
1,021
*
Century
Aluminum
Co
5,391
539
*
Coeur
Mining,
Inc
1,843
1,267
Dow,
Inc
55,659
2,481
Ecolab,
Inc
358,306
622
Glatfelter
Corp
1,934
753
International
Flavors
&
Fragrances,
Inc
68,395
515
Koppers
Holdings,
Inc
10,702
2,335
Linde
plc
629,493
200
Martin
Marietta
Materials,
Inc
64,418
3,420
Mosaic
Co
165,289
5,358
Newmont
Goldcorp
Corp
225,197
2,051
Nucor
Corp
219,436
249
PPG
Industries,
Inc
27,562
27
Reliance
Steel
&
Aluminum
Co
4,709
1,882
*
Summit
Materials,
Inc
45,093
283
Trinseo
plc
5,184
TOTAL
MATERIALS
2,053,134
MEDIA
&
ENTERTAINMENT
-
3
.8
%
2,461
*
Cinemark
Holdings,
Inc
29,803
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Social
Choice
Equity
Fund
September
30,
2022
30
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
MEDIA
&
ENTERTAINMENT—continued
13,606
Comcast
Corp
(Class
A)
$
399,064
1,602
Electronic
Arts,
Inc
185,367
2,025
Gray
Television,
Inc
28,998
1,398
*
iHeartMedia,
Inc
10,247
1,361
Interpublic
Group
of
Cos,
Inc
34,842
176
John
Wiley
&
Sons,
Inc
(Class
A)
6,611
979
*
Liberty
Broadband
Corp
(Class
C)
72,250
1,628
*
Netflix,
Inc
383,296
201
New
York
Times
Co
(Class
A)
5,779
3,756
Omnicom
Group,
Inc
236,966
756
*
Pinterest,
Inc
17,615
60
*
Roku,
Inc
3,384
119
Scholastic
Corp
3,661
724
Sinclair
Broadcast
Group,
Inc
(Class
A)
13,097
15,765
e
Sirius
XM
Holdings,
Inc
90,018
1,784
*
Take-Two
Interactive
Software,
Inc
194,456
103
TEGNA,
Inc
2,130
2,340
*
TripAdvisor,
Inc
51,667
1,595
*
Vimeo,
Inc
6,380
6,537
*
Walt
Disney
Co
616,635
3,690
*
Warner
Bros
Discovery,
Inc
42,435
1,165
*
Yelp,
Inc
39,505
6,047
*
ZoomInfo
Technologies,
Inc
251,918
TOTAL
MEDIA
&
ENTERTAINMENT
2,726,124
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
-
8
.6
%
987
*
Aerie
Pharmaceuticals,
Inc
14,933
2,870
Agilent
Technologies,
Inc
348,849
637
*
Agios
Pharmaceuticals,
Inc
18,014
2,307
Amgen,
Inc
519,998
898
*
Atara
Biotherapeutics,
Inc
3,394
33
*
Axsome
Therapeutics,
Inc
1,472
1,102
*
BioCryst
Pharmaceuticals,
Inc
13,885
618
*
BioMarin
Pharmaceutical,
Inc
52,388
9,194
Bristol-Myers
Squibb
Co
653,601
886
*
Chimerix,
Inc
1,710
701
*
Collegium
Pharmaceutical,
Inc
11,230
2,632
Danaher
Corp
679,819
2,752
Eli
Lilly
&
Co
889,859
4,201
Gilead
Sciences,
Inc
259,160
212
*
Illumina,
Inc
40,448
435
*
Insmed,
Inc
9,370
209
*
Intra-Cellular
Therapies,
Inc
9,725
823
*
IQVIA
Holdings,
Inc
149,078
357
*
Jazz
Pharmaceuticals
plc
47,585
372
*
Karyopharm
Therapeutics,
Inc
2,031
428
*
MacroGenics,
Inc
1,481
3,780
Merck
&
Co,
Inc
325,534
75
*
Mettler-Toledo
International,
Inc
81,309
34
*
Mirati
Therapeutics,
Inc
2,375
547
Perrigo
Co
plc
19,506
842
*
Prothena
Corp
plc
51,051
1,286
*,e
Provention
Bio,
Inc
5,787
128
*
Regeneron
Pharmaceuticals,
Inc
88,175
189
*
Repligen
Corp
35,364
1,002
*
Revance
Therapeutics,
Inc
27,054
1,460
Thermo
Fisher
Scientific,
Inc
740,497
46
*
Ultragenyx
Pharmaceutical,
Inc
1,905
1,721
*
Vertex
Pharmaceuticals,
Inc
498,298
237
*
Waters
Corp
63,879
479
West
Pharmaceutical
Services,
Inc
117,872
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Social
Choice
Equity
Fund
September
30,
2022
31
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES—continued
2,927
Zoetis,
Inc
$
434,045
177
*,†
Zogenix,
Inc
120
TOTAL
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
6,220,801
REAL
ESTATE
-
2
.7
%
2,426
American
Tower
Corp
520,862
937
Boston
Properties,
Inc
70,247
705
Brixmor
Property
Group,
Inc
13,021
1,099
CBRE
Group,
Inc
74,194
465
City
Office
REIT,
Inc
4,636
589
Crown
Castle
International
Corp
85,140
4,027
DiamondRock
Hospitality
Co
30,243
42
Douglas
Emmett,
Inc
753
462
Equinix,
Inc
262,804
456
First
Industrial
Realty
Trust,
Inc
20,433
1,028
Franklin
Street
Properties
Corp
2,704
2,646
Healthpeak
Properties
Inc
60,646
20
*
Howard
Hughes
Corp
1,108
355
iStar
Inc
3,287
79
*
Jones
Lang
LaSalle,
Inc
11,935
63
Kilroy
Realty
Corp
2,653
3,120
Macerich
Co
24,773
5,309
Park
Hotels
&
Resorts,
Inc
59,779
99
PotlatchDeltic
Corp
4,063
4,081
Prologis,
Inc
414,630
783
*
Realogy
Holdings
Corp
6,350
8
RMR
Group,
Inc
190
141
*
Tejon
Ranch
Co
2,030
826
Ventas,
Inc
33,180
2,310
Welltower,
Inc
148,579
3,092
Weyerhaeuser
Co
88,308
765
Xenia
Hotels
&
Resorts,
Inc
10,549
TOTAL
REAL
ESTATE
1,957,097
RETAILING
-
4
.2
%
595
*
1-800-FLOWERS.COM,
Inc
(Class
A)
3,862
19
Aaron's
Co,
Inc
185
204
Advance
Auto
Parts,
Inc
31,893
21
*
CarMax,
Inc
1,386
9,933
eBay,
Inc
365,634
84
*
Five
Below,
Inc
11,564
316
*
Genesco,
Inc
12,425
288
Hibbett
Sports,
Inc
14,345
3,342
Home
Depot,
Inc
922,191
329
*
Lands'
End,
Inc
2,540
547
*
Liquidity
Services,
Inc
8,894
1,013
LKQ
Corp
47,763
3,091
Lowe's
Companies,
Inc
580,521
5,453
Macy's,
Inc
85,449
431
*
MarineMax,
Inc
12,840
6
Pool
Corp
1,909
1,979
*
Quotient
Technology,
Inc
4,571
1,685
*,e
RealReal,
Inc
2,528
577
Ross
Stores,
Inc
48,624
428
Shoe
Carnival,
Inc
9,176
2,793
Target
Corp
414,453
1,217
*
ThredUp,
Inc
2,239
5,982
TJX
Companies,
Inc
371,602
202
Tractor
Supply
Co
37,548
135
*
TravelCenters
of
America,
Inc
7,281
15
Winmark
Corp
3,245
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Social
Choice
Equity
Fund
September
30,
2022
32
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
RETAILING—continued
234
*
Zumiez,
Inc
$
5,038
TOTAL
RETAILING
3,009,706
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
-
4
.9
%
5,424
Applied
Materials,
Inc
444,388
289
*
Cirrus
Logic,
Inc
19,883
958
*
First
Solar,
Inc
126,715
18,339
Intel
Corp
472,596
1,013
Lam
Research
Corp
370,758
7,376
NVIDIA
Corp
895,373
6,316
*
ON
Semiconductor
Corp
393,676
243
*
Silicon
Laboratories,
Inc
29,996
4,093
Texas
Instruments,
Inc
633,514
162
Universal
Display
Corp
15,285
1,520
*
Wolfspeed,
Inc
157,107
TOTAL
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
3,559,291
SOFTWARE
&
SERVICES
-
17
.4
%
2,593
Accenture
plc
667,179
1,819
*
Adobe,
Inc
500,589
115
*
Ansys,
Inc
25,495
2,117
*
Autodesk,
Inc
395,456
2,368
Automatic
Data
Processing,
Inc
535,618
634
*
Benefitfocus,
Inc
4,026
1,093
*
Blackline,
Inc
65,471
1,702
*
Cadence
Design
Systems,
Inc
278,158
573
*
ChannelAdvisor
Corp
12,984
354
Concentrix
Corp
39,517
737
CSG
Systems
International,
Inc
38,973
1,457
Dolby
Laboratories,
Inc
(Class
A)
94,923
5,427
*
DXC
Technology
Co
132,853
514
*
Elastic
NV
36,874
726
*
ExlService
Holdings,
Inc
106,983
3,851
Fidelity
National
Information
Services,
Inc
291,020
1,366
*
Five9,
Inc
102,423
405
*
HubSpot,
Inc
109,399
4,497
International
Business
Machines
Corp
534,289
1,295
Intuit,
Inc
501,579
2,909
Mastercard,
Inc
(Class
A)
827,145
16,334
d
Microsoft
Corp
3,804,189
1,120
*
New
Relic,
Inc
64,266
1,586
*
Nutanix,
Inc
33,036
2,532
*
Okta,
Inc
143,995
136
*
OneSpan,
Inc
1,171
356
*
Paylocity
Holding
Corp
86,002
6,270
*
PayPal
Holdings,
Inc
539,659
739
*
Perficient,
Inc
48,050
356
*
Rapid7,
Inc
15,272
473
Roper
Technologies,
Inc
170,110
3,829
*
Salesforce,
Inc
550,763
1,155
*
ServiceNow,
Inc
436,139
480
*
Smartsheet,
Inc
16,493
788
*
SPS
Commerce,
Inc
97,893
1,463
*
SVMK,
Inc
8,500
1,076
*
Synopsys,
Inc
328,729
761
*
Teradata
Corp
23,637
401
TTEC
Holdings,
Inc
17,768
3,585
VMware,
Inc
(Class
A)
381,659
1,016
*
WEX,
Inc
128,971
2,047
*
Workday,
Inc
311,594
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Social
Choice
Equity
Fund
September
30,
2022
33
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
SOFTWARE
&
SERVICES—continued
127
*
Workiva,
Inc
$
9,881
TOTAL
SOFTWARE
&
SERVICES
12,518,731
TECHNOLOGY
HARDWARE
&
EQUIPMENT
-
4
.5
%
919
Avnet,
Inc
33,194
261
Badger
Meter,
Inc
24,114
826
Benchmark
Electronics,
Inc
20,468
1,697
*
Ciena
Corp
68,610
16,140
Cisco
Systems,
Inc
645,600
3,759
Cognex
Corp
155,810
698
CTS
Corp
29,072
474
*
ePlus,
Inc
19,690
827
*
Fabrinet
78,937
328
*
FARO
Technologies,
Inc
9,000
21,367
Hewlett
Packard
Enterprise
Co
255,977
15,104
HP,
Inc
376,392
508
*
Insight
Enterprises,
Inc
41,864
69
*
Itron,
Inc
2,906
2,626
*
Keysight
Technologies,
Inc
413,227
483
*
Kimball
Electronics,
Inc
8,283
1,898
*
Knowles
Corp
23,099
189
*
Lumentum
Holdings,
Inc
12,960
91
Methode
Electronics,
Inc
3,381
3,648
*,e
Microvision,
Inc
13,169
45
Motorola
Solutions,
Inc
10,079
753
National
Instruments
Corp
28,418
49
*
Novanta,
Inc
5,667
37
*
OSI
Systems,
Inc
2,666
562
*,e
PAR
Technology
Corp
16,596
265
*
Plexus
Corp
23,203
633
*
Ribbon
Communications,
Inc
1,405
426
*
Rogers
Corp
103,041
967
SYNNEX
Corp
78,511
5,536
*
Trimble
Inc
300,439
2,329
*
TTM
Technologies,
Inc
30,696
181
*
Vishay
Precision
Group,
Inc
5,356
3,553
Vontier
Corp
59,371
2,559
Xerox
Holdings
Corp
33,472
1,158
*
Zebra
Technologies
Corp
(Class
A)
303,407
TOTAL
TECHNOLOGY
HARDWARE
&
EQUIPMENT
3,238,080
TELECOMMUNICATION
SERVICES
-
1
.0
%
2,146
*
Iridium
Communications,
Inc
95,218
15,789
Verizon
Communications,
Inc
599,508
TOTAL
TELECOMMUNICATION
SERVICES
694,726
TRANSPORTATION
-
2
.8
%
579
ArcBest
Corp
42,111
346
*
Avis
Budget
Group,
Inc
51,367
704
CH
Robinson
Worldwide,
Inc
67,802
16,125
CSX
Corp
429,570
11,307
*
Delta
Air
Lines,
Inc
317,274
1,283
Expeditors
International
of
Washington,
Inc
113,302
1,448
Norfolk
Southern
Corp
303,573
641
Old
Dominion
Freight
Line
159,462
3,496
United
Parcel
Service,
Inc
(Class
B)
564,744
TOTAL
TRANSPORTATION
2,049,205
UTILITIES
-
3
.4
%
3,547
American
Electric
Power
Co,
Inc
306,638
2,381
Consolidated
Edison,
Inc
204,195
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Social
Choice
Equity
Fund
September
30,
2022
34
TIAA-CREF
Life
Funds
concluded
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
UTILITIES—continued
249
DTE
Energy
Co
$
28,647
940
Eversource
Energy
73,282
8,299
NextEra
Energy,
Inc
650,725
2,650
Public
Service
Enterprise
Group,
Inc
149,009
2,089
Sempra
Energy
313,225
131
South
Jersey
Industries,
Inc
4,378
6,363
Southern
Co
432,684
389
UGI
Corp
12,576
1,425
WEC
Energy
Group,
Inc
127,438
2,297
Xcel
Energy,
Inc
147,008
TOTAL
UTILITIES
2,449,805
TOTAL
COMMON
STOCKS
71,258,271
(Cost
$52,224,426)
PRINCIPAL
ISSUER
RATE
MATURITY
DATE
SHORT-TERM
INVESTMENTS
-
1.2%
REPURCHASE
AGREEMENT
-
1
.1
%
$
790,000
r
Fixed
Income
Clearing
Corp
(FICC)
2
.950
%
10/03/22
790,000
TOTAL
REPURCHASE
AGREEMENT
790,000
SHARES
COMPANY
EXP
INVESTMENTS
IN
REGISTERED
INVESTMENT
COMPANIES
-
0
.1
%
80,618
c
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
3
.070
80,618
TOTAL
INVESTMENTS
IN
REGISTERED
INVESTMENT
COMPANIES
80,618
TOTAL
SHORT-TERM
INVESTMENTS
870,618
(Cost
$870,618)
TOTAL
INVESTMENTS
-
100.2%
72,128,889
(Cost
$53,095,044)
OTHER
ASSETS
&
LIABILITIES,
NET
-
(0.2)%
(
125,643
)
NET
ASSETS
-
100.0%
$
72,003,246
REIT
Real
Estate
Investment
Trust
*
Non-income
producing
†
Security
is
categorized
as
Level
3
in
the
fair
value
hierarchy.
c
Investments
made
with
cash
collateral
received
from
securities
on
loan.
d
All
or
a
portion
of
these
securities
have
been
segregated
to
cover
margin
requirements
on
open
futures
contracts.
e
All
or
a
portion
of
these
securities
are
out
on
loan.
The
aggregate
value
of
securities
on
loan
is
$75,124.
r
Agreement
with
Fixed
Income
Clearing
Corp
(FICC),
2.950%
dated
9/30/22
to
be
repurchased
at
$790,000
on
10/3/22,
collateralized
by
Government
Agency
Securities,
with
coupon
rate
0.500%
and
maturity
date
2/28/26,
valued
at
$805,877.
Futures
contracts
outstanding
as
of
September
30,
2022
were
as
follows:
Description
Number
of
long
(short)
contracts
Expiration
date
Notional
amount
Value
Unrealized
appreciation
(depreciation)
S&P
500
E
Mini
Index
4
12/16/22
$
783,208
$
720,300
$
(
62,908
)
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Stock
Index
Fund
September
30,
2022
35
TIAA-CREF
Life
Funds
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
COMMON
STOCKS
-
99.0%
AUTOMOBILES
&
COMPONENTS
-
2
.4
%
1,634
*
Adient
plc
$
45,343
1,752
*
American
Axle
&
Manufacturing
Holdings,
Inc
11,966
4,663
*
Aptiv
plc
364,693
4,192
BorgWarner,
Inc
131,629
2,183
*,e
Canoo,
Inc
4,093
3,233
*,e
Cenntro
Electric
Group
Ltd
3,330
2,264
Dana
Inc
25,878
476
*
Dorman
Products,
Inc
39,089
2,668
*,e
Fisker,
Inc
20,143
66,835
Ford
Motor
Co
748,552
713
*
Fox
Factory
Holding
Corp
56,384
24,556
General
Motors
Co
788,002
4,153
Gentex
Corp
99,008
573
*
Gentherm,
Inc
28,495
4,933
*
Goodyear
Tire
&
Rubber
Co
49,774
2,377
Harley-Davidson,
Inc
82,910
808
*,e
Holley,
Inc
3,272
377
LCI
Industries,
Inc
38,250
1,077
Lear
Corp
128,906
4,894
*,e
Lordstown
Motors
Corp
8,956
8,999
*,e
Lucid
Group,
Inc
125,716
3,923
*,e
Luminar
Technologies,
Inc
28,579
772
*
Modine
Manufacturing
Co
9,990
292
*
Motorcar
Parts
of
America,
Inc
4,444
381
Patrick
Industries,
Inc
16,703
4,191
*,e
QuantumScape
Corp
35,246
8,805
*
Rivian
Automotive,
Inc
289,773
2,129
*
Solid
Power,
Inc
11,199
330
Standard
Motor
Products,
Inc
10,725
449
*
Stoneridge,
Inc
7,611
1,157
*
Tenneco,
Inc
20,120
43,378
*
Tesla,
Inc
11,506,015
947
Thor
Industries,
Inc
66,271
496
*
Visteon
Corp
52,606
486
Winnebago
Industries,
Inc
25,860
2,131
*,e
Workhorse
Group,
Inc
6,116
343
*
XPEL,
Inc
22,103
TOTAL
AUTOMOBILES
&
COMPONENTS
14,917,750
BANKS
-
4
.1
%
254
1st
Source
Corp
11,760
95
ACNB
Corp
2,854
166
Allegiance
Bancshares,
Inc
6,911
197
Amalgamated
Financial
Corp
4,442
442
Amerant
Bancorp
Inc
10,979
127
American
National
Bankshares,
Inc
4,058
1,222
Ameris
Bancorp
54,636
200
Arrow
Financial
Corp
5,759
2,719
Associated
Banc-Corp
54,598
1,279
Atlantic
Union
Bankshares
Corp
38,856
945
*
Axos
Financial,
Inc
32,347
697
Banc
of
California,
Inc
11,131
446
Bancfirst
Corp
39,904
117
e
Bank
First
Corp
8,948
120,056
Bank
of
America
Corp
3,625,691
861
Bank
of
Hawaii
Corp
65,539
174
Bank
of
Marin
Bancorp
5,211
1,235
Bank
of
NT
Butterfield
&
Son
Ltd
40,088
2,233
Bank
OZK
88,337
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Stock
Index
Fund
September
30,
2022
36
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
BANKS—continued
1,737
BankUnited
$
59,353
511
Banner
Corp
30,190
219
Bar
Harbor
Bankshares
5,808
148
Baycom
Corp
2,602
174
BCB
Bancorp,
Inc
2,928
641
Berkshire
Hills
Bancorp,
Inc
17,499
298
*
Blue
Foundry
Bancorp
3,323
235
Blue
Ridge
Bankshares,
Inc
2,987
717
BOK
Financial
Corp
63,713
385
*
Bridgewater
Bancshares,
Inc
6,341
1,046
Brookline
Bancorp,
Inc
12,186
324
Business
First
Bancshares,
Inc
6,976
231
Byline
Bancorp,
Inc
4,678
3,491
Cadence
BanCorp
88,706
59
Cambridge
Bancorp
4,705
238
Camden
National
Corp
10,139
693
Capital
Bancorp,
Inc
16,008
156
Capital
City
Bank
Group,
Inc
4,853
2,332
Capitol
Federal
Financial
19,356
292
Capstar
Financial
Holdings,
Inc
5,411
641
*
Carter
Bankshares,
Inc
10,320
1,220
Cathay
General
Bancorp
46,921
470
Central
Pacific
Financial
Corp
9,724
33,111
Citigroup,
Inc
1,379,735
167
Citizens
&
Northern
Corp
4,038
8,682
Citizens
Financial
Group,
Inc
298,314
236
City
Holding
Co
20,931
157
Civista
Bancshares,
Inc
3,259
226
CNB
Financial
Corp
5,327
415
*
Coastal
Financial
Corp
16,492
163
Colony
Bankcorp
Inc
2,124
1,129
Columbia
Banking
System,
Inc
32,617
372
*
Columbia
Financial,
Inc
7,860
2,351
Comerica,
Inc
167,156
1,865
Commerce
Bancshares,
Inc
123,388
1,009
Community
Bank
System,
Inc
60,621
238
Community
Trust
Bancorp,
Inc
9,651
422
ConnectOne
Bancorp,
Inc
9,731
858
*
CrossFirst
Bankshares,
Inc
11,197
1,101
Cullen/Frost
Bankers,
Inc
145,574
438
*
Customers
Bancorp,
Inc
12,912
2,357
CVB
Financial
Corp
59,679
611
Dime
Community
Bancshares,
Inc
17,890
638
Eagle
Bancorp,
Inc
28,595
2,453
East
West
Bancorp,
Inc
164,694
2,652
Eastern
Bankshares,
Inc
52,085
375
Enact
Holdings,
Inc
8,314
147
Enterprise
Bancorp,
Inc
4,397
424
Enterprise
Financial
Services
Corp
18,673
161
Equity
Bancshares,
Inc
4,770
105
Esquire
Financial
Holdings,
Inc
3,943
1,785
Essent
Group
Ltd
62,243
193
Farmers
&
Merchants
Bancorp,
Inc
5,186
378
Farmers
National
Banc
Corp
4,948
560
FB
Financial
Corp
21,398
139
Federal
Agricultural
Mortgage
Corp
(FAMC)
13,780
11,764
Fifth
Third
Bancorp
375,977
335
*
Finance
Of
America
Cos,
Inc
496
202
Financial
Institutions,
Inc
4,862
3,399
First
Bancorp
46,498
440
First
Bancorp
16,095
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Stock
Index
Fund
September
30,
2022
37
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
BANKS—continued
162
First
Bancorp,
Inc
$
4,463
201
First
Bancshares,
Inc
6,004
354
First
Bank
4,839
586
First
Busey
Corp
12,880
87
First
Business
Financial
Services,
Inc
2,811
219
First
Citizens
Bancshares,
Inc
(Class
A)
174,637
1,371
First
Commonwealth
Financial
Corp
17,604
242
First
Community
Bancshares,
Inc
7,751
1,705
First
Financial
Bancorp
35,941
2,288
First
Financial
Bankshares,
Inc
95,707
14
First
Financial
Corp
633
445
First
Foundation,
Inc
8,072
106
First
Guaranty
Bancshares,
Inc
2,319
2,293
First
Hawaiian,
Inc
56,477
9,020
First
Horizon
National
Corp
206,558
85
First
Internet
Bancorp
2,878
1,459
First
Interstate
Bancsystem,
Inc
58,871
960
First
Merchants
Corp
37,133
93
First
Mid-Illinois
Bancshares,
Inc
2,973
321
First
of
Long
Island
Corp
5,534
3,087
First
Republic
Bank
403,008
170
*
First
Western
Financial,
Inc
4,190
177
Five
Star
Bancorp
5,020
664
Flagstar
Bancorp,
Inc
22,178
358
Flushing
Financial
Corp
6,934
5,298
FNB
Corp
61,457
2,673
Fulton
Financial
Corp
42,233
127
*,e
FVCBankcorp,
Inc
2,435
325
German
American
Bancorp,
Inc
11,606
1,648
Glacier
Bancorp,
Inc
80,966
26
Great
Southern
Bancorp,
Inc
1,484
66
Greene
County
Bancorp,
Inc
3,780
28
Guaranty
Bancshares,
Inc
969
1,685
Hancock
Whitney
Corp
77,190
484
Hanmi
Financial
Corp
11,461
1,147
HarborOne
Northeast
Bancorp,
Inc
15,393
429
Heartland
Financial
USA,
Inc
18,601
1,217
Heritage
Commerce
Corp
13,801
460
Heritage
Financial
Corp
12,176
1,168
Hilltop
Holdings,
Inc
29,025
22
Hingham
Institution
for
Savings
5,524
89
Home
Bancorp,
Inc
3,470
2,960
Home
Bancshares,
Inc
66,630
314
HomeStreet,
Inc
9,046
265
HomeTrust
Bancshares,
Inc
5,856
1,956
Hope
Bancorp,
Inc
24,724
501
Horizon
Bancorp
8,998
25,248
Huntington
Bancshares,
Inc
332,769
726
Independent
Bank
Corp
54,109
308
Independent
Bank
Corp
5,883
488
Independent
Bank
Group,
Inc
29,958
843
International
Bancshares
Corp
35,827
164
e
John
Marshall
Bancorp,
Inc
4,028
49,804
JPMorgan
Chase
&
Co
5,204,518
2,079
Kearny
Financial
Corp
22,079
16,007
Keycorp
256,432
584
Lakeland
Bancorp,
Inc
9,350
525
Lakeland
Financial
Corp
38,225
485
Live
Oak
Bancshares,
Inc
14,841
341
Luther
Burbank
Corp
3,962
3,024
M&T
Bank
Corp
533,192
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Stock
Index
Fund
September
30,
2022
38
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
BANKS—continued
400
Macatawa
Bank
Corp
$
3,704
226
Mercantile
Bank
Corp
6,714
232
Merchants
Bancorp
5,352
753
Meta
Financial
Group,
Inc
24,819
224
Metrocity
Bankshares,
Inc
4,399
101
*
Metropolitan
Bank
Holding
Corp
6,500
5,143
MGIC
Investment
Corp
65,933
129
Mid
Penn
Bancorp,
Inc
3,706
324
Midland
States
Bancorp,
Inc
7,637
169
MidWestOne
Financial
Group,
Inc
4,612
1,135
*
Mr
Cooper
Group,
Inc
45,967
142
MVB
Financial
Corp
3,952
535
National
Bank
Holdings
Corp
19,790
669
NBT
Bancorp,
Inc
25,389
7,178
e
New
York
Community
Bancorp,
Inc
61,228
140
*
Nicolet
Bankshares,
Inc
9,862
1,272
*
NMI
Holdings,
Inc
25,911
90
Northeast
Bank
3,300
643
Northfield
Bancorp,
Inc
9,201
2,189
Northwest
Bancshares,
Inc
29,573
714
OceanFirst
Financial
Corp
13,309
596
OFG
Bancorp
14,977
4,862
Old
National
Bancorp
80,077
432
Old
Second
Bancorp,
Inc
5,638
249
Origin
Bancorp,
Inc
9,579
111
Orrstown
Financial
Services,
Inc
2,655
1,405
Pacific
Premier
Bancorp,
Inc
43,499
2,138
PacWest
Bancorp
48,319
205
Park
National
Corp
25,518
126
Parke
Bancorp,
Inc
2,641
144
PCB
Bancorp
2,602
290
PCSB
Financial
Corp
5,200
259
Peapack
Gladstone
Financial
Corp
8,715
399
PennyMac
Financial
Services,
Inc
17,117
532
Peoples
Bancorp,
Inc
15,391
101
Peoples
Financial
Services
Corp
4,731
1,330
Pinnacle
Financial
Partners,
Inc
107,863
226
*
Pioneer
Bancorp,
Inc
2,152
7,105
PNC
Financial
Services
Group,
Inc
1,061,629
1,252
Popular,
Inc
90,219
188
Preferred
Bank
12,263
586
Premier
Financial
Corp
15,060
169
Primis
Financial
Corp
2,050
223
*
Professional
Holding
Corp
5,785
1,690
Prosperity
Bancshares,
Inc
112,689
741
Provident
Bancorp
Inc
10,604
1,239
Provident
Financial
Services,
Inc
24,160
190
QCR
Holdings,
Inc
9,679
2,506
Radian
Group,
Inc
48,341
104
RBB
Bancorp
2,161
91
Red
River
Bancshares
Inc
4,498
16,640
Regions
Financial
Corp
333,965
769
Renasant
Corp
24,054
146
Republic
Bancorp,
Inc
(Class
A)
5,592
750
*
Republic
First
Bancorp,
Inc
2,122
2,233
Rocket
Cos,
Inc
14,113
540
S&T
Bancorp,
Inc
15,827
495
Sandy
Spring
Bancorp,
Inc
17,454
779
Seacoast
Banking
Corp
of
Florida
23,549
726
ServisFirst
Bancshares,
Inc
58,080
130
Shore
Bancshares,
Inc
2,252
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Stock
Index
Fund
September
30,
2022
39
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
BANKS—continued
192
Sierra
Bancorp
$
3,792
1,018
Signature
Bank
153,718
533
*
Silvergate
Capital
Corp
40,162
1,550
Simmons
First
National
Corp
(Class
A)
33,774
116
SmartFinancial,
Inc
2,866
138
South
Plains
Financial
Inc
3,803
1,456
South
State
Corp
115,199
101
*
Southern
First
Bancshares,
Inc
4,208
86
Southern
Missouri
Bancorp,
Inc
4,389
432
Southside
Bancshares,
Inc
15,276
287
Stellar
Bancorp,
Inc
8,395
346
*
Sterling
Bancorp,
Inc
2,086
421
Stock
Yards
Bancorp,
Inc
28,632
164
Summit
Financial
Group,
Inc
4,418
974
*
SVB
Financial
Group
327,050
2,625
Synovus
Financial
Corp
98,464
932
*
Texas
Capital
Bancshares,
Inc
55,016
143
TFS
Financial
Corp
1,859
814
*
The
Bancorp,
Inc
17,892
192
*
Third
Coast
Bancshares,
Inc
3,285
229
Tompkins
Financial
Corp
16,630
996
Towne
Bank
26,723
618
Trico
Bancshares
27,594
513
*
Triumph
Bancorp,
Inc
27,882
22,915
Truist
Financial
Corp
997,719
277
TrustCo
Bank
Corp
NY
8,703
1,035
Trustmark
Corp
31,702
685
UMB
Financial
Corp
57,739
3,528
Umpqua
Holdings
Corp
60,294
1,802
United
Bankshares,
Inc
64,422
1,315
United
Community
Banks,
Inc
43,527
364
Univest
Financial
Corp
8,547
23,030
US
Bancorp
928,570
328
*,e
USCB
Financial
Holdings,
Inc
4,300
1,161
e
UWM
Holdings
Corp
3,402
7,103
Valley
National
Bancorp
76,712
208
*
Velocity
Financial,
Inc
2,255
1,054
Veritex
Holdings,
Inc
28,026
543
Walker
&
Dunlop,
Inc
45,465
1,098
Washington
Federal,
Inc
32,918
232
Washington
Trust
Bancorp,
Inc
10,783
384
Waterstone
Financial,
Inc
6,205
3,310
Webster
Financial
Corp
149,612
64,797
Wells
Fargo
&
Co
2,606,135
875
WesBanco,
Inc
29,199
239
West
Bancorporation,
Inc
4,974
533
Westamerica
Bancorporation
27,871
1,643
Western
Alliance
Bancorp
108,011
886
Wintrust
Financial
Corp
72,253
1,054
WSFS
Financial
Corp
48,969
2,692
Zions
Bancorporation
136,915
TOTAL
BANKS
25,301,658
CAPITAL
GOODS
-
5
.9
%
9,711
3M
Co
1,073,066
2,034
A.O.
Smith
Corp
98,812
724
Aaon,
Inc
39,009
511
*
AAR
Corp
18,304
600
Acuity
Brands,
Inc
94,482
1,058
Advanced
Drainage
Systems,
Inc
131,583
2,396
Aecom
Technology
Corp
163,815
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Stock
Index
Fund
September
30,
2022
40
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
CAPITAL
GOODS—continued
1,067
*
Aerojet
Rocketdyne
Holdings,
Inc
$
42,669
407
*
Aerovironment,
Inc
33,928
149
*
AerSale
Corp
2,762
1,087
AGCO
Corp
104,537
1,858
Air
Lease
Corp
57,617
148
Alamo
Group,
Inc
18,096
620
Albany
International
Corp
(Class
A)
48,875
1,537
Allegion
plc
137,838
197
Allied
Motion
Technologies,
Inc
5,638
1,473
Allison
Transmission
Holdings,
Inc
49,728
330
Alta
Equipment
Group,
Inc
3,633
1,052
Altra
Industrial
Motion
Corp
35,368
512
*
Ameresco,
Inc
34,038
254
*
American
Woodmark
Corp
11,140
3,942
Ametek,
Inc
447,062
2,835
*
API
Group
Corp
37,620
438
Apogee
Enterprises,
Inc
16,740
567
Applied
Industrial
Technologies,
Inc
58,276
2,056
*
Archer
Aviation,
Inc
5,366
909
Arcosa,
Inc
51,977
244
Argan,
Inc
7,849
863
Armstrong
World
Industries,
Inc
68,375
2,492
*
Array
Technologies,
Inc
41,317
334
Astec
Industries,
Inc
10,417
2,547
*,e
Astra
Space,
Inc
1,556
340
*
Astronics
Corp
2,672
748
*
Atkore
International
Group,
Inc
58,202
1,101
*
Axon
Enterprise,
Inc
127,441
1,731
*
AZEK
Co,
Inc
28,769
406
AZZ,
Inc
14,823
1,051
*
Babcock
&
Wilcox
Enterprises,
Inc
6,705
782
Barnes
Group,
Inc
22,584
1,050
*
Beacon
Roofing
Supply,
Inc
57,456
1,236
*,e
Berkshire
Grey,
Inc
2,101
632
*,e
Blink
Charging
Co
11,199
2,944
*
Bloom
Energy
Corp
58,851
217
*
Blue
Bird
Corp
1,812
166
*
BlueLinx
Holdings,
Inc
10,309
9,300
*
Boeing
Co
1,126,044
597
Boise
Cascade
Co
35,498
287
Brookfield
Business
Corp
6,343
2,650
*
Builders
FirstSource,
Inc
156,138
1,679
BWX
Technologies,
Inc
84,571
228
Cadre
Holdings,
Inc
5,486
351
Caesarstone
Sdot-Yam
Ltd
3,268
862
Carlisle
Cos,
Inc
241,713
14,465
Carrier
Global
Corp
514,375
9,024
Caterpillar,
Inc
1,480,658
4,222
*
ChargePoint
Holdings,
Inc
62,317
624
*
Chart
Industries,
Inc
115,034
337
*
CIRCOR
International,
Inc
5,557
413
Columbus
McKinnon
Corp
10,804
575
Comfort
Systems
USA,
Inc
55,965
708
*
Concrete
Pumping
Holdings
Inc
4,567
531
*
Construction
Partners
Inc
13,928
836
*,e
Core
&
Main,
Inc
19,011
775
Crane
Holdings
Co
67,843
225
CSW
Industrials,
Inc
26,955
2,401
Cummins,
Inc
488,628
722
Curtiss-Wright
Corp
100,474
688
*,e
Custom
Truck
One
Source,
Inc
4,011
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Stock
Index
Fund
September
30,
2022
41
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
CAPITAL
GOODS—continued
1,272
*,e
Decarbonization
Plus
Acquisition
Corp
$
2,162
4,758
Deere
&
Co
1,588,649
4,600
*,e
Desktop
Metal,
Inc
11,914
2,166
Donaldson
Co,
Inc
106,156
347
Douglas
Dynamics,
Inc
9,723
2,465
Dover
Corp
287,370
160
*
Ducommun,
Inc
6,346
240
*
DXP
Enterprises,
Inc
5,683
486
*
Dycom
Industries,
Inc
46,428
6,748
Eaton
Corp
899,913
916
EMCOR
Group,
Inc
105,780
10,025
Emerson
Electric
Co
734,030
318
Encore
Wire
Corp
36,742
738
*
Energy
Recovery,
Inc
16,044
313
*
Energy
Vault
Holdings,
Inc
1,653
917
*
Enerpac
Tool
Group
Corp
16,350
681
EnerSys
39,614
1,817
*,e
Enovix
Corp
33,315
330
EnPro
Industries,
Inc
28,043
752
Esab
Corp
25,087
502
ESCO
Technologies,
Inc
36,867
1,410
*,e
ESS
Tech,
Inc
5,767
1,875
*
Evoqua
Water
Technologies
Corp
62,006
9,626
Fastenal
Co
443,181
494
*
Fathom
Digital
Manufacturing
C
1,003
1,130
Federal
Signal
Corp
42,172
2,325
Flowserve
Corp
56,497
503
*,e
Fluence
Energy,
Inc
7,339
2,528
*
Fluor
Corp
62,922
5,820
Fortive
Corp
339,306
2,359
Fortune
Brands
Home
&
Security,
Inc
126,655
719
Franklin
Electric
Co,
Inc
58,749
426
*,e
FTC
Solar,
Inc
1,261
6,671
*,e
FuelCell
Energy,
Inc
22,748
1,000
*
Gates
Industrial
Corp
plc
9,760
608
GATX
Corp
51,771
1,074
*
Generac
Holdings,
Inc
191,322
4,181
General
Dynamics
Corp
887,083
18,715
General
Electric
Co
1,158,646
567
*
Gibraltar
Industries,
Inc
23,207
187
Global
Industrial
Co
5,017
829
*
GMS,
Inc
33,168
368
Gorman-Rupp
Co
8,755
2,901
Graco,
Inc
173,915
2,996
GrafTech
International
Ltd
12,913
696
Granite
Construction,
Inc
17,671
890
*
Great
Lakes
Dredge
&
Dock
Corp
6,746
648
Greenbrier
Cos,
Inc
15,727
552
Griffon
Corp
16,295
627
H&E
Equipment
Services,
Inc
17,769
802
*,e
Hayward
Holdings,
Inc
7,114
760
HEICO
Corp
109,425
1,362
HEICO
Corp
(Class
A)
156,112
629
Helios
Technologies,
Inc
31,827
413
Herc
Holdings,
Inc
42,902
1,552
Hexcel
Corp
80,269
1,406
Hillenbrand,
Inc
51,628
1,910
*
Hillman
Solutions
Corp
14,401
11,514
Honeywell
International,
Inc
1,922,493
6,541
Howmet
Aerospace,
Inc
202,313
933
Hubbell,
Inc
208,059
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Stock
Index
Fund
September
30,
2022
42
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
CAPITAL
GOODS—continued
699
*
Hudson
Technologies,
Inc
$
5,138
625
Huntington
Ingalls
138,437
622
*
Hydrofarm
Holdings
Group,
Inc
1,207
1,987
*
Hyliion
Holdings
Corp
5,703
158
Hyster-Yale
Materials
Handling,
Inc
3,399
1,271
IDEX
Corp
254,009
137
*
IES
Holdings,
Inc
3,784
5,320
Illinois
Tool
Works,
Inc
961,058
412
*
Infrastructure
and
Energy
Alternatives,
Inc
5,578
6,510
Ingersoll
Rand,
Inc
281,623
289
Insteel
Industries,
Inc
7,667
1,554
ITT,
Inc
101,538
1,086
*
Janus
International
Group,
Inc
9,687
1,178
*
JELD-WEN
Holding,
Inc
10,308
486
John
Bean
Technologies
Corp
41,796
11,905
Johnson
Controls
International
plc
585,964
166
Kadant,
Inc
27,690
670
Kaman
Corp
18,713
172
*
Karat
Packaging,
Inc
2,750
1,307
Kennametal,
Inc
26,898
1,903
*
Kratos
Defense
&
Security
Solutions,
Inc
19,334
3,305
L3Harris
Technologies,
Inc
686,878
87
*
Lawson
Products,
Inc
2,451
580
Lennox
International,
Inc
129,149
1,043
*,e
Lightning
eMotors,
Inc
1,617
954
Lincoln
Electric
Holdings,
Inc
119,937
165
Lindsay
Corp
23,641
4,054
Lockheed
Martin
Corp
1,566,020
478
Luxfer
Holdings
plc
6,931
539
*
Manitowoc
Co,
Inc
4,177
2,129
*
Markforged
Holding
Corp
4,215
4,005
Masco
Corp
186,993
464
*
Masonite
International
Corp
33,079
1,023
*
Mastec,
Inc
64,961
1,194
Maxar
Technologies,
Inc
22,352
379
McGrath
RentCorp
31,783
3,697
MDU
Resources
Group,
Inc
101,113
952
*
Mercury
Systems,
Inc
38,651
2,986
*
Microvast
Holdings,
Inc
5,405
971
*
Middleby
Corp
124,453
168
Miller
Industries,
Inc
3,577
941
*,e
Momentus,
Inc
1,289
629
Moog,
Inc
(Class
A)
44,250
1,441
*
MRC
Global,
Inc
10,361
779
MSC
Industrial
Direct
Co
(Class
A)
56,719
883
Mueller
Industries,
Inc
52,486
2,381
Mueller
Water
Products,
Inc
(Class
A)
24,453
301
*
MYR
Group,
Inc
25,504
76
National
Presto
Industries,
Inc
4,944
4,919
*
Nikola
Corp
17,315
995
Nordson
Corp
211,209
2,499
Northrop
Grumman
Corp
1,175,330
149
*
Northwest
Pipe
Co
4,187
1,637
*
NOW,
Inc
16,452
262
*
NuScale
Power
Corp
3,060
224
*
NV5
Global
Inc
27,736
2,708
nVent
Electric
plc
85,600
44
e
Omega
Flex,
Inc
4,075
1,192
Oshkosh
Corp
83,786
7,192
Otis
Worldwide
Corp
458,850
1,685
Owens
Corning,
Inc
132,458
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Stock
Index
Fund
September
30,
2022
43
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
CAPITAL
GOODS—continued
5,736
PACCAR,
Inc
$
480,046
291
Park
Aerospace
Corp
3,213
2,182
Parker-Hannifin
Corp
528,720
328
*
Parsons
Corp
12,858
2,996
Pentair
plc
121,727
763
*
PGT
Innovations,
Inc
15,992
8,759
*,e
Plug
Power,
Inc
184,027
263
Powell
Industries,
Inc
5,544
51
Preformed
Line
Products
Co
3,629
729
Primoris
Services
Corp
11,846
3,577
*
Proterra,
Inc
17,813
509
*
Proto
Labs,
Inc
18,543
492
Quanex
Building
Products
Corp
8,935
2,443
Quanta
Services,
Inc
311,214
25,394
Raytheon
Technologies
Corp
2,078,753
477
*
RBC
Bearings,
Inc
99,125
1,177
Regal-Beloit
Corp
165,204
2,451
*
Resideo
Technologies,
Inc
46,716
562
REV
Group,
Inc
6,199
3,361
*
Rocket
Lab
USA,
Inc
13,679
2,003
Rockwell
Automation,
Inc
430,865
691
Rush
Enterprises,
Inc
(Class
A)
30,307
144
Rush
Enterprises,
Inc
(Class
B)
6,899
1,319
*,e
Sarcos
Technology
and
Robotics
Corp
2,928
2,806
Sensata
Technologies
Holding
plc
104,608
1,849
*
Shoals
Technologies
Group,
Inc
39,846
514
Shyft
Group,
Inc
10,501
842
Simpson
Manufacturing
Co,
Inc
66,013
727
*
SiteOne
Landscape
Supply,
Inc
75,710
878
Snap-On,
Inc
176,785
1,891
Spirit
Aerosystems
Holdings,
Inc
(Class
A)
41,451
647
*
SPX
Technologies,
Inc
35,727
195
Standex
International
Corp
15,922
2,609
Stanley
Black
&
Decker,
Inc
196,223
2,463
*
Stem,
Inc
32,856
394
*
Sterling
Construction
Co,
Inc
8,459
3,438
*
Sunrun,
Inc
94,854
268
Tennant
Co
15,158
1,185
Terex
Corp
35,242
550
Textainer
Group
Holdings
Ltd
14,773
3,692
Textron,
Inc
215,096
509
*
Thermon
Group
Holdings
7,844
1,188
Timken
Co
70,140
838
*
Titan
International,
Inc
10,173
282
*
Titan
Machinery,
Inc
7,969
1,833
Toro
Co
158,518
559
*
TPI
Composites,
Inc
6,306
4,007
Trane
Technologies
plc
580,254
121
*
Transcat
Inc
9,158
882
TransDigm
Group,
Inc
462,891
2,052
*
Trex
Co,
Inc
90,165
1,561
Trinity
Industries,
Inc
33,327
1,005
Triton
International
Ltd
55,004
1,063
*
Triumph
Group,
Inc
9,131
585
*
Tutor
Perini
Corp
3,229
1,160
UFP
Industries,
Inc
83,706
1,238
*
United
Rentals,
Inc
334,409
2,797
*
Univar
Solutions
Inc
63,604
345
Valmont
Industries,
Inc
92,674
156
*
Vectrus,
Inc
5,522
251
*
Veritiv
Corp
24,540
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Stock
Index
Fund
September
30,
2022
44
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
CAPITAL
GOODS—continued
5,197
Vertiv
Holdings
Co
$
50,515
339
*
Vicor
Corp
20,048
2,116
*
View,
Inc
2,835
3,817
*,e
Virgin
Galactic
Holdings,
Inc
17,978
756
W.W.
Grainger,
Inc
369,828
918
Wabash
National
Corp
14,284
593
Watsco,
Inc
152,674
522
Watts
Water
Technologies,
Inc
(Class
A)
65,631
817
*
WESCO
International,
Inc
97,533
3,014
Westinghouse
Air
Brake
Technologies
Corp
245,189
3,797
*
WillScot
Mobile
Mini
Holdings
Corp
153,133
1,032
Woodward
Inc
82,828
883
*
Xos,
Inc
1,060
3,161
Xylem,
Inc
276,145
2,011
Zurn
Water
Solutions
Corp
49,270
TOTAL
CAPITAL
GOODS
36,308,637
COMMERCIAL
&
PROFESSIONAL
SERVICES
-
1
.2
%
1,238
ABM
Industries,
Inc
47,329
1,696
ACCO
Brands
Corp
8,310
1,880
*
ACV
Auctions,
Inc
13,517
5,275
*
Alight,
Inc
38,666
271
e
Aris
Water
Solution,
Inc
3,458
918
*
ASGN
Inc
82,960
110
Barrett
Business
Services,
Inc
8,580
2,259
Booz
Allen
Hamilton
Holding
Co
208,619
949
Brady
Corp
(Class
A)
39,602
329
*
BrightView
Holdings,
Inc
2,612
834
Brink's
Co
40,399
409
*
CACI
International,
Inc
(Class
A)
106,774
801
*
Casella
Waste
Systems,
Inc
(Class
A)
61,188
778
*
CBIZ,
Inc
33,283
270
*
Cimpress
plc
6,610
1,494
Cintas
Corp
579,956
7,903
*
Clarivate
Analytics
plc
74,209
819
*
Clean
Harbors,
Inc
90,074
3,641
*
Copart,
Inc
387,402
2,056
*
CoreCivic,
Inc
18,175
6,753
*
CoStar
Group,
Inc
470,346
128
CRA
International,
Inc
11,359
754
Deluxe
Corp
12,554
633
*
Driven
Brands
Holdings,
Inc
17,711
3,839
Dun
&
Bradstreet
Holdings,
Inc
47,565
394
Ennis,
Inc
7,931
2,072
Equifax,
Inc
355,203
944
Exponent,
Inc
82,760
598
*
First
Advantage
Corp
7,672
178
*
Forrester
Research,
Inc
6,410
148
*
Franklin
Covey
Co
6,718
620
*
FTI
Consulting,
Inc
102,740
2,553
*,e
Geo
Group,
Inc
19,658
1,393
*
Harsco
Corp
5,210
1,153
Healthcare
Services
Group
13,940
286
Heidrick
&
Struggles
International,
Inc
7,433
247
*
Heritage-Crystal
Clean,
Inc
7,304
1,168
Herman
Miller,
Inc
18,221
271
*
HireRight
Holdings
Corp
4,135
682
HNI
Corp
18,080
334
*
Huron
Consulting
Group,
Inc
22,127
2,359
*
IAA,
Inc
75,134
282
ICF
International,
Inc
30,744
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Stock
Index
Fund
September
30,
2022
45
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
COMMERCIAL
&
PROFESSIONAL
SERVICES—continued
674
Insperity,
Inc
$
68,809
961
Interface,
Inc
8,639
2,208
Jacobs
Solutions,
Inc
239,546
2,200
*
KAR
Auction
Services,
Inc
24,574
2,207
KBR,
Inc
95,387
481
Kelly
Services,
Inc
(Class
A)
6,537
366
Kforce,
Inc
21,466
577
Kimball
International,
Inc
(Class
B)
3,629
1,048
Korn/Ferry
International
49,204
1,550
*,e
Legalzoom.com,
Inc
13,283
2,347
Leidos
Holdings,
Inc
205,292
2,072
*,e
Li-Cycle
Holdings
Corp
11,023
931
Manpower,
Inc
60,226
491
Matthews
International
Corp
(Class
A)
11,003
361
*
Montrose
Environmental
Group,
Inc
12,148
663
MSA
Safety,
Inc
72,453
6,163
Nielsen
NV
170,838
2,896
Pitney
Bowes,
Inc
6,748
2,398
*,e
Planet
Labs
PBC
13,021
175
*,e
Red
Violet,
Inc
3,031
3,488
Republic
Services,
Inc
474,508
514
Resources
Connection,
Inc
9,288
1,790
Robert
Half
International,
Inc
136,935
4,005
Rollins,
Inc
138,893
997
Science
Applications
International
Corp
88,165
1,429
*,e
Skillsoft
Corp
2,615
269
*
SP
Plus
Corp
8,425
2,088
*
Spire
Global,
Inc
2,255
1,776
Steelcase,
Inc
(Class
A)
11,580
1,556
*
Stericycle,
Inc
65,523
321
*,e
Sterling
Check
Corp
5,662
940
Tetra
Tech,
Inc
120,818
3,332
TransUnion
198,221
686
*
TriNet
Group,
Inc
48,857
645
*
TrueBlue,
Inc
12,307
237
Unifirst
Corp
39,870
1,953
*
Upwork,
Inc
26,600
2,653
Verisk
Analytics,
Inc
452,416
440
*
Viad
Corp
13,895
134
VSE
Corp
4,744
7,077
Waste
Management,
Inc
1,133,806
116
*
Willdan
Group,
Inc
1,718
TOTAL
COMMERCIAL
&
PROFESSIONAL
SERVICES
7,296,636
CONSUMER
DURABLES
&
APPAREL
-
1
.1
%
707
Acushnet
Holdings
Corp
30,747
1,510
*
Allbirds,
Inc
4,590
1,083
*,e
AMMO,
Inc
3,173
565
*
Beazer
Homes
USA,
Inc
5,464
1,345
Brunswick
Corp
88,030
2,097
*
Callaway
Golf
Co
40,388
2,423
*
Capri
Holdings
Ltd
93,140
750
Carter's,
Inc
49,147
132
*
Cavco
Industries,
Inc
27,160
608
Century
Communities,
Inc
26,010
307
Clarus
Corp
4,135
604
Columbia
Sportswear
Co
40,649
1,086
*
Crocs,
Inc
74,565
473
*
Deckers
Outdoor
Corp
147,865
5,459
DR
Horton,
Inc
367,664
197
*,e
Dream
Finders
Homes,
Inc
2,088
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Stock
Index
Fund
September
30,
2022
46
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
CONSUMER
DURABLES
&
APPAREL—continued
562
Ermenegildo
Zegna
Holditalia
S.p.A
$
6,041
327
Ethan
Allen
Interiors,
Inc
6,913
730
*
Fossil
Group,
Inc
2,497
2,599
Garmin
Ltd
208,726
682
*
G-III
Apparel
Group
Ltd
10,196
1,998
*
GoPro,
Inc
9,850
578
*
Green
Brick
Partners,
Inc
12,358
6,162
e
Hanesbrands,
Inc
42,887
2,241
Hasbro,
Inc
151,088
444
*
Helen
of
Troy
Ltd
42,819
81
*
Hovnanian
Enterprises,
Inc
2,892
379
Installed
Building
Products,
Inc
30,695
443
*
iRobot
Corp
24,954
75
Johnson
Outdoors,
Inc
3,848
1,551
KB
Home
40,202
811
Kontoor
Brands,
Inc
27,258
706
*
Latham
Group,
Inc
2,535
696
La-Z-Boy,
Inc
15,709
2,404
Leggett
&
Platt,
Inc
79,861
4,373
Lennar
Corp
(Class
A)
326,007
224
Lennar
Corp
(Class
B)
13,330
353
*
LGI
Homes,
Inc
28,724
163
Lifetime
Brands,
Inc
1,103
223
*
Lovesac
Co
4,545
1,910
*
Lululemon
Athletica,
Inc
533,960
385
*
M/I
Homes,
Inc
13,949
287
*
Malibu
Boats,
Inc
13,773
156
Marine
Products
Corp
1,320
295
*
MasterCraft
Boat
Holdings,
Inc
5,561
6,094
*
Mattel,
Inc
115,420
1,086
MDC
Holdings,
Inc
29,778
529
*
Meritage
Homes
Corp
37,173
918
*
Mohawk
Industries,
Inc
83,712
227
Movado
Group,
Inc
6,397
6,518
Newell
Brands
Inc
90,535
20,906
Nike,
Inc
(Class
B)
1,737,707
52
*
NVR,
Inc
207,328
276
Oxford
Industries,
Inc
24,779
4,992
*
Peloton
Interactive,
Inc
34,595
356
*,e
PLBY
Group,
Inc
1,435
987
Polaris
Inc
94,407
3,872
Pulte
Homes,
Inc
145,200
795
*,e
Purple
Innovation,
Inc
3,220
1,215
PVH
Corp
54,432
809
Ralph
Lauren
Corp
68,708
200
Rocky
Brands,
Inc
4,012
2,405
*
Skechers
U.S.A.,
Inc
(Class
A)
76,287
966
*
Skyline
Champion
Corp
51,072
840
e
Smith
&
Wesson
Brands,
Inc
8,711
235
*,e
Snap
One
Holdings
Corp
2,383
2,102
*
Sonos,
Inc
29,218
1,383
Steven
Madden
Ltd
36,885
272
Sturm
Ruger
&
Co,
Inc
13,815
133
Superior
Uniform
Group,
Inc
1,181
4,583
Tapestry,
Inc
130,295
1,558
*
Taylor
Morrison
Home
Corp
36,333
3,135
Tempur
Sealy
International,
Inc
75,679
2,005
Toll
Brothers,
Inc
84,210
563
*
TopBuild
Corp
92,771
194
*,e
Traeger,
Inc
547
1,429
*
TRI
Pointe
Homes,
Inc
21,592
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Stock
Index
Fund
September
30,
2022
47
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
CONSUMER
DURABLES
&
APPAREL—continued
917
*
Tupperware
Brands
Corp
$
6,006
3,425
*
Under
Armour,
Inc
(Class
A)
22,776
3,626
*
Under
Armour,
Inc
(Class
C)
21,611
226
*
Unifi,
Inc
2,149
217
*
Universal
Electronics,
Inc
4,268
5,645
VF
Corp
168,842
3,117
*,e
Vinco
Ventures,
Inc
2,903
1,021
*
Vista
Outdoor,
Inc
24,831
1,116
*
Vizio
Holding
Corp
9,754
1,031
*,e
Vuzix
Corp
5,969
400
e
Weber,
Inc
2,628
945
Whirlpool
Corp
127,395
1,465
Wolverine
World
Wide,
Inc
22,546
1,421
*
YETI
Holdings,
Inc
40,527
TOTAL
CONSUMER
DURABLES
&
APPAREL
6,530,438
CONSUMER
SERVICES
-
2
.2
%
1,177
*
2U,
Inc
7,356
700
*
Accel
Entertainment,
Inc
5,467
2,833
ADT,
Inc
21,219
799
*
Adtalem
Global
Education,
Inc
29,124
6,622
*
Airbnb,
Inc
695,575
325
*
American
Public
Education,
Inc
2,970
4,054
ARAMARK
Holdings
Corp
126,485
631
*
Bally's
Corp
12,469
2,116
*,e
Beachbody
Co,
Inc
2,137
17
*
Biglari
Holdings,
Inc
(B
Shares)
1,965
356
*
BJ's
Restaurants,
Inc
8,491
1,539
Bloomin'
Brands,
Inc
28,210
275
Bluegreen
Vacations
Holding
Corp
4,543
678
*
Booking
Holdings,
Inc
1,114,096
333
*,e
Bowlero
Corp
4,099
1,304
Boyd
Gaming
Corp
62,136
1,041
*
Bright
Horizons
Family
Solutions
60,014
763
*
Brinker
International,
Inc
19,060
3,464
*
Caesars
Entertainment,
Inc
111,749
15,965
*
Carnival
Corp
112,234
234
Carriage
Services,
Inc
7,525
520
*
Century
Casinos,
Inc
3,411
702
e
Cheesecake
Factory
20,555
2,349
*
Chegg,
Inc
49,493
476
*
Chipotle
Mexican
Grill,
Inc
(Class
A)
715,314
632
Choice
Hotels
International,
Inc
69,217
630
Churchill
Downs,
Inc
116,014
247
*
Chuy's
Holdings,
Inc
5,725
1,836
*
Coursera,
Inc
19,792
463
Cracker
Barrel
Old
Country
Store,
Inc
42,865
2,144
Darden
Restaurants,
Inc
270,830
792
*
Dave
&
Buster's
Entertainment,
Inc
24,576
1,168
*
Denny's
Corp
10,991
266
Dine
Brands
Global
Inc.
16,907
616
Domino's
Pizza,
Inc
191,083
5,623
*
DraftKings,
Inc
85,132
384
*
Duolingo,
Inc
36,568
302
*
El
Pollo
Loco
Holdings,
Inc
2,694
281
European
Wax
Center,
Inc
5,184
1,316
*
Everi
Holdings,
Inc
21,346
2,487
*
Expedia
Group,
Inc
233,007
645
*
F45
Training
Holdings,
Inc
1,993
1,596
*
frontdoor,
Inc
32,542
682
*
Full
House
Resorts,
Inc
3,833
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Stock
Index
Fund
September
30,
2022
48
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
CONSUMER
SERVICES—continued
229
*
Golden
Entertainment,
Inc
$
7,990
58
Graham
Holdings
Co
31,203
572
*
Grand
Canyon
Education,
Inc
47,047
2,834
H&R
Block,
Inc
120,558
1,521
*
Hilton
Grand
Vacations,
Inc
50,026
4,713
Hilton
Worldwide
Holdings,
Inc
568,482
738
*
Hyatt
Hotels
Corp
59,748
357
*
Inspired
Entertainment,
Inc
3,152
1,684
e
International
Game
Technology
plc
26,607
431
Jack
in
the
Box,
Inc
31,924
1,311
e
Krispy
Kreme,
Inc
15,116
89
*
Kura
Sushi
USA,
Inc
6,549
5,701
*
Las
Vegas
Sands
Corp
213,902
1,806
Laureate
Education,
Inc
19,053
619
*,e
Life
Time
Group
Holdings,
Inc
6,035
464
*
Lindblad
Expeditions
Holdings,
Inc
3,137
4,701
Marriott
International,
Inc
(Class
A)
658,798
747
Marriott
Vacations
Worldwide
Corp
91,029
12,582
McDonald's
Corp
2,903,171
5,654
MGM
Resorts
International
168,037
844
*,e
Mister
Car
Wash,
Inc
7,242
173
*
Monarch
Casino
&
Resort,
Inc
9,712
251
*
NEOGAMES
S.A.
3,238
911
*,e
Nerdy,
Inc
1,922
621
*
Noodles
&
Co
2,919
6,767
*
Norwegian
Cruise
Line
Holdings
Ltd
76,873
353
*
ONE
Group
Hospitality,
Inc
2,344
1,026
*
OneSpaWorld
Holdings
Ltd
8,618
565
Papa
John's
International,
Inc
39,556
2,733
*
Penn
National
Gaming,
Inc
75,185
1,137
*
Perdoceo
Education
Corp
11,711
1,475
*
Planet
Fitness,
Inc
85,048
290
*
Portillo's,
Inc
5,710
682
*
PowerSchool
Holdings,
Inc
11,383
142
RCI
Hospitality
Holdings,
Inc
9,278
1,049
Red
Rock
Resorts,
Inc
35,939
1,530
*
Rover
Group,
Inc
5,110
3,693
*
Royal
Caribbean
Cruises
Ltd
139,965
822
*
Rush
Street
Interactive,
Inc
3,025
473
Ruth's
Hospitality
Group
Inc
7,975
1,620
*
Scientific
Games
Corp
(Class
A)
69,466
838
*
SeaWorld
Entertainment,
Inc
38,137
2,651
Service
Corp
International
153,069
596
*
Shake
Shack,
Inc
26,808
1,370
*
Six
Flags
Entertainment
Corp
24,249
19,556
Starbucks
Corp
1,647,789
862
*,e
StoneMor,
Inc
2,957
403
Strategic
Education,
Inc
24,748
644
*
Stride,
Inc
27,067
1,443
*,e
Sweetgreen,
Inc
26,696
1,055
*,e
Target
Hospitality
Corp
13,314
2,158
*
Terminix
Global
Holdings,
Inc
82,630
1,209
Texas
Roadhouse,
Inc
(Class
A)
105,497
1,610
Travel
&
Leisure
Co
54,933
1,149
*
Udemy,
Inc
13,891
434
*
Universal
Technical
Institute,
Inc
2,361
718
*
Vacasa,
Inc
2,204
707
Vail
Resorts,
Inc
152,457
1,537
*,e
Vivint
Smart
Home,
Inc
10,113
2,954
Wendy's
55,210
513
Wingstop,
Inc
64,340
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Stock
Index
Fund
September
30,
2022
49
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
CONSUMER
SERVICES—continued
881
*
WW
International
Inc
$
3,462
1,610
Wyndham
Hotels
&
Resorts,
Inc
98,774
1,791
*
Wynn
Resorts
Ltd
112,887
268
*
Xponential
Fitness,
Inc
4,894
4,878
Yum!
Brands,
Inc
518,727
TOTAL
CONSUMER
SERVICES
13,326,993
DIVERSIFIED
FINANCIALS
-
5
.2
%
125
AFC
Gamma,
Inc
1,913
741
Affiliated
Managers
Group,
Inc
82,881
8,788
AGNC
Investment
Corp
73,995
243
Alerus
Financial
Corp
5,370
5,358
Ally
Financial,
Inc
149,113
288
A-Mark
Precious
Metals,
Inc
8,176
10,302
American
Express
Co
1,389,843
1,886
Ameriprise
Financial,
Inc
475,178
253
Angel
Oak
Mortgage,
Inc
3,031
6,894
Annaly
Capital
Management,
Inc
118,301
2,943
Apollo
Commercial
Real
Estate
Finance,
Inc
24,427
7,633
Apollo
Global
Management,
Inc
354,935
2,387
Arbor
Realty
Trust,
Inc
27,451
645
Ares
Commercial
Real
Estate
Corp
6,740
2,484
Ares
Management
Corp
153,884
1,405
ARMOUR
Residential
REIT,
Inc
6,842
870
Artisan
Partners
Asset
Management,
Inc
23,429
253
*
Assetmark
Financial
Holdings,
Inc
4,627
86
Associated
Capital
Group,
Inc
3,161
123
*
Atlanticus
Holdings
Corp
3,226
274
B.
Riley
Financial,
Inc
12,199
1,049
*,e
Bakkt
Holdings,
Inc
2,392
461
Banco
Latinoamericano
de
Exportaciones
S.A.
(Class
E)
6,021
12,740
Bank
of
New
York
Mellon
Corp
490,745
30,766
*
Berkshire
Hathaway,
Inc
(Class
B)
8,215,137
5,076
BGC
Partners,
Inc
(Class
A)
15,939
2,533
BlackRock,
Inc
1,393,859
2,460
Blackstone
Mortgage
Trust,
Inc
57,416
11,989
Blackstone,
Inc
1,003,479
637
*
Blucora,
Inc
12,320
6,708
e
Blue
Owl
Capital,
Inc
61,915
642
Brightsphere
Investment
Group,
Inc
9,572
1,289
BrightSpire
Capital,
Inc
8,134
2,136
Broadmark
Realty
Capital,
Inc
10,915
1,450
*
Cannae
Holdings,
Inc
29,957
6,537
Capital
One
Financial
Corp
602,515
3,299
Carlyle
Group,
Inc
85,246
1,907
CBOE
Global
Markets,
Inc
223,825
25,846
Charles
Schwab
Corp
1,857,552
152
Chicago
Atlantic
Real
Estate
Finance,
Inc
2,190
3,066
Chimera
Investment
Corp
16,005
1,435
Claros
Mortgage
Trust,
Inc
16,847
6,134
CME
Group,
Inc
1,086,515
461
Cohen
&
Steers,
Inc
28,872
2,638
*
Coinbase
Global,
Inc
170,125
797
e
Compass
Diversified
Trust
14,394
326
*
Consumer
Portfolio
Services,
Inc
2,370
454
Cowen
Group,
Inc
17,543
125
*
Credit
Acceptance
Corp
54,750
312
Curo
Group
Holdings
Corp
1,251
49
Diamond
Hill
Investment
Group,
Inc
8,085
4,688
Discover
Financial
Services
426,233
461
*
Donnelley
Financial
Solutions,
Inc
17,043
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Stock
Index
Fund
September
30,
2022
50
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
DIVERSIFIED
FINANCIALS—continued
258
Dynex
Capital,
Inc
$
3,006
718
Ellington
Financial
Inc
8,164
502
*
Encore
Capital
Group,
Inc
22,831
629
*
Enova
International,
Inc
18,411
6,316
Equitable
Holdings,
Inc
166,427
638
Evercore
Inc
52,476
796
*
Ezcorp,
Inc
(Class
A)
6,137
649
Factset
Research
Systems,
Inc
259,671
1,485
Federated
Investors,
Inc
(Class
B)
49,183
737
FirstCash
Holdings,
Inc
54,059
877
*
Focus
Financial
Partners,
Inc
27,634
1,010
Franklin
BSP
Realty
Trust,
Inc
10,878
4,751
Franklin
Resources,
Inc
102,242
93
GAMCO
Investors,
Inc
(Class
A)
1,586
257
e
GCM
Grosvenor,
Inc
2,028
5,655
Goldman
Sachs
Group,
Inc
1,657,198
938
Granite
Point
Mortgage
Trust,
Inc
6,041
905
*
Green
Dot
Corp
17,177
562
Hamilton
Lane,
Inc
33,501
1,349
Hannon
Armstrong
Sustainable
Infrastructure
Capital,
Inc
40,376
796
Houlihan
Lokey,
Inc
60,003
1,485
Interactive
Brokers
Group,
Inc
(Class
A)
94,906
9,472
Intercontinental
Exchange
Group,
Inc
855,795
6,004
Invesco
Ltd
82,255
366
Invesco
Mortgage
Capital,
Inc
4,063
1,210
Jackson
Financial,
Inc
33,578
2,653
Janus
Henderson
Group
plc
53,882
3,680
Jefferies
Financial
Group,
Inc
108,560
9,592
KKR
&
Co,
Inc
412,456
648
KKR
Real
Estate
Finance
Trust,
Inc
10,530
1,766
Ladder
Capital
Corp
15,823
1,898
Lazard
Ltd
(Class
A)
60,413
1,618
*
LendingClub
Corp
17,879
196
*
LendingTree,
Inc
4,677
1,384
LPL
Financial
Holdings,
Inc
302,376
238
Manning
&
Napier,
Inc
2,920
644
MarketAxess
Holdings,
Inc
143,284
2,131
MFA
Financial,
Inc
16,579
877
Moelis
&
Co
29,651
2,774
*
Moneylion,
Inc
2,476
2,777
Moody's
Corp
675,116
21,450
Morgan
Stanley
1,694,765
392
Morningstar,
Inc
83,229
1,370
MSCI,
Inc
(Class
A)
577,852
6,030
Nasdaq
Inc
341,780
2,376
Navient
Corp
34,903
212
Nelnet,
Inc
(Class
A)
16,788
410
*
NerdWallet,
Inc
3,637
6,918
New
Residential
Investment
Corp
50,640
6,454
New
York
Mortgage
Trust,
Inc
15,102
131
Nexpoint
Real
Estate
Finance,
Inc
1,962
3,378
Northern
Trust
Corp
289,022
1,689
OneMain
Holdings,
Inc
49,859
1,687
*
Open
Lending
Corp
13,563
697
*
Oportun
Financial
Corp
3,046
147
Oppenheimer
Holdings,
Inc
4,554
402
Orchid
Island
Capital,
Inc
3,296
1,723
PennyMac
Mortgage
Investment
Trust
20,297
904
e
Perella
Weinberg
Partners
5,722
273
Piper
Jaffray
Cos
28,594
397
PJT
Partners,
Inc
26,528
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Stock
Index
Fund
September
30,
2022
51
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
DIVERSIFIED
FINANCIALS—continued
719
*
PRA
Group,
Inc
$
23,626
1,236
*
PROG
Holdings,
Inc
18,515
257
Pzena
Investment
Management,
Inc
(Class
A)
2,436
3,182
Raymond
James
Financial,
Inc
314,445
933
Ready
Capital
Corp
9,461
1,612
Redwood
Trust,
Inc
9,253
143
Regional
Management
Corp
4,010
9,264
*,e
Robinhood
Markets,
Inc
93,566
5,703
S&P
Global,
Inc
1,741,411
375
Sculptor
Capital
Management,
Inc
3,315
1,969
SEI
Investments
Co
96,579
184
Silvercrest
Asset
Management
Group,
Inc
3,008
5,094
SLM
Corp
71,265
13,472
*
SoFi
Technologies,
Inc
65,743
5,018
Starwood
Property
Trust,
Inc
91,428
6,089
State
Street
Corp
370,272
809
StepStone
Group,
Inc
19,829
1,929
Stifel
Financial
Corp
100,134
241
*
StoneX
Group,
Inc
19,989
8,289
Synchrony
Financial
233,667
3,897
T
Rowe
Price
Group,
Inc
409,224
867
TPG
RE
Finance
Trust,
Inc
6,069
1,734
Tradeweb
Markets,
Inc
97,832
4,626
Two
Harbors
Investment
Corp
15,358
1,255
*,e
Upstart
Holdings,
Inc
26,091
84
Victory
Capital
Holdings,
Inc
1,958
1,409
Virtu
Financial,
Inc
29,265
115
Virtus
Investment
Partners,
Inc
18,345
1,868
Voya
Financial,
Inc
113,014
1,867
WisdomTree
Investments,
Inc
8,738
90
*
World
Acceptance
Corp
8,714
TOTAL
DIVERSIFIED
FINANCIALS
31,695,831
ENERGY
-
4
.7
%
736
*,e
Aemetis,
Inc
4,504
1,288
*
Alto
Ingredients,
Inc
4,688
256
e
Altus
Midstream
Co
8,341
704
*
Amplify
Energy
Corp
4,625
5,480
Antero
Midstream
Corp
50,306
4,860
*
Antero
Resources
Corp
148,376
5,580
APA
Corp
190,780
243
Arch
Resources,
Inc
28,820
911
*
Archaea
Energy,
Inc
16,407
2,039
Archrock,
Inc
13,090
667
*
Ardmore
Shipping
Corp
6,090
15,987
Baker
Hughes
Co
335,088
1,892
Berry
Petroleum
Co
LLC
14,190
1,179
Bonanza
Creek
Energy,
Inc
67,663
2,386
*
Borr
Drilling
Ltd
7,922
774
Brigham
Minerals,
Inc
19,095
351
*
Bristow
Group,
Inc
8,245
13,290
Cabot
Oil
&
Gas
Corp
347,135
845
Cactus,
Inc
32,473
1,253
California
Resources
Corp
48,153
786
*
Callon
Petroleum
Co
27,518
243
*,e
Centrus
Energy
Corp
9,958
3,416
ChampionX
Corp
66,851
4,218
Cheniere
Energy,
Inc
699,808
2,106
Chesapeake
Energy
Corp
198,406
33,408
Chevron
Corp
4,799,727
2,877
*
Clean
Energy
Fuels
Corp
15,363
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Stock
Index
Fund
September
30,
2022
52
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
ENERGY—continued
3,514
*
CNX
Resources
Corp
$
54,572
1,500
*
Comstock
Resources
Inc
25,935
21,786
ConocoPhillips
2,229,579
621
CONSOL
Energy,
Inc
39,943
577
Continental
Resources,
Inc
38,549
500
e
Crescent
Energy,
Inc
6,735
583
CVR
Energy,
Inc
16,895
1,373
Delek
US
Holdings,
Inc
37,263
850
*
Denbury,
Inc
73,321
11,298
Devon
Energy
Corp
679,349
2,136
DHT
Holdings,
Inc
16,148
1,800
*
Diamond
Offshore
Drilling,
Inc
11,934
3,040
Diamondback
Energy,
Inc
366,198
333
*
DMC
Global,
Inc
5,321
395
Dorian
LPG
Ltd
5,360
582
*
Dril-Quip,
Inc
11,361
1,673
DT
Midstream,
Inc
86,812
625
*
Earthstone
Energy,
Inc
7,700
156
*,e
Empire
Petroleum
Corp
2,051
2,496
*,e
Energy
Fuels,
Inc
15,276
446
Enviva,
Inc
26,787
10,053
EOG
Resources,
Inc
1,123,222
6,200
EQT
Corp
252,650
7,406
Equitrans
Midstream
Corp
55,397
275
e
Excelerate
Energy,
Inc
6,435
71,244
d
Exxon
Mobil
Corp
6,220,314
408
e
FLEX
LNG
Ltd
12,921
1,226
*
Frank's
International
NV
15,619
2,068
e
Frontline
Ltd
22,603
3,883
*,e
Gevo,
Inc
8,853
1,788
*
Golar
LNG
Ltd
44,557
842
*
Green
Plains
Inc
24,477
179
*
Gulfport
Energy
Operating
Corp
15,804
15,566
Halliburton
Co
383,235
2,257
*
Helix
Energy
Solutions
Group,
Inc
8,712
1,863
Helmerich
&
Payne,
Inc
68,875
4,862
Hess
Corp
529,909
2,656
HF
Sinclair
Corp
142,999
110
e
HighPeak
Energy,
Inc
2,383
685
International
Seaways,
Inc
24,064
33,654
Kinder
Morgan,
Inc
560,003
7,467
*
Kosmos
Energy
Ltd
38,604
279
*
Laredo
Petroleum,
Inc
17,535
2,207
*
Liberty
Oilfield
Services,
Inc
27,985
2,448
Magnolia
Oil
&
Gas
Corp
48,495
11,659
Marathon
Oil
Corp
263,260
8,569
Marathon
Petroleum
Corp
851,159
1,952
Matador
Resources
Co
95,492
2,772
Murphy
Oil
Corp
97,491
146
*
Nabors
Industries
Ltd
14,812
75
Nacco
Industries,
Inc
(Class
A)
3,527
725
*
National
Energy
Services
Reunited
Corp
4,307
790
New
Fortress
Energy,
Inc
34,531
2,497
*
Newpark
Resources,
Inc
6,293
555
*,e
NextDecade
Corp
3,341
2,774
*
NexTier
Oilfield
Solutions,
Inc
20,528
553
*
Noble
Corp
plc
16,358
3,490
Nordic
American
Tankers
Ltd
9,318
997
Northern
Oil
and
Gas,
Inc
27,328
6,945
NOV,
Inc
112,370
666
Oasis
Petroleum,
Inc
91,089
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Stock
Index
Fund
September
30,
2022
53
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
ENERGY—continued
13,992
Occidental
Petroleum
Corp
$
859,808
1,532
*
Oceaneering
International,
Inc
12,195
1,209
*
Oil
States
International,
Inc
4,703
7,705
ONEOK,
Inc
394,804
4,489
Ovintiv,
Inc
206,494
677
*
Par
Pacific
Holdings,
Inc
11,110
3,410
Patterson-UTI
Energy,
Inc
39,829
1,705
*
PBF
Energy,
Inc
59,948
1,666
PDC
Energy,
Inc
96,278
1,975
*,e
Peabody
Energy
Corp
49,020
326
Penn
Virginia
Corp
10,253
3,118
*
Permian
Resources
Corp
21,202
8,021
Phillips
66
647,455
4,035
Pioneer
Natural
Resources
Co
873,699
1,367
*
ProPetro
Holding
Corp
11,004
4,359
Range
Resources
Corp
110,108
276
*
Rex
American
Resources
Corp
7,706
151
Riley
Exploration
Permian,
Inc
2,866
1,348
*
Ring
Energy,
Inc
3,127
1,202
RPC,
Inc
8,330
532
*
SandRidge
Energy,
Inc
8,677
24,237
Schlumberger
Ltd
870,108
828
Scorpio
Tankers,
Inc
34,809
988
*
Select
Energy
Services,
Inc
6,886
1,567
SFL
Corp
Ltd
14,275
185
*
SilverBow
Resources,
Inc
4,973
194
e
Sitio
Royalties
Corp
4,289
2,006
SM
Energy
Co
75,446
678
Solaris
Oilfield
Infrastructure,
Inc
6,346
18,509
*
Southwestern
Energy
Co
113,275
1,013
*
Talos
Energy,
Inc
16,867
3,944
Targa
Resources
Investments,
Inc
237,981
1,069
*
Teekay
Corp
3,838
376
*
Teekay
Tankers
Ltd
10,355
8,487
*,e
Tellurian,
Inc
20,284
2,062
*
Tetra
Technologies,
Inc
7,403
101
Texas
Pacific
Land
Corp
179,500
854
*
Tidewater,
Inc
18,532
4,698
*
Uranium
Energy
Corp
16,443
3,859
*,e
Ur-Energy,
Inc
4,206
1,387
*
US
Silica
Holdings,
Inc
15,188
1,000
e
Vaalco
Energy,
Inc
4,360
993
*
Valaris
Ltd
48,597
6,745
Valero
Energy
Corp
720,703
916
*,e
Vertex
Energy,
Inc
5,707
2,083
*
W&T
Offshore,
Inc
12,206
1,187
*
Weatherford
International
Ltd
38,328
21,047
Williams
Cos,
Inc
602,576
1,068
World
Fuel
Services
Corp
25,034
TOTAL
ENERGY
28,794,697
FOOD
&
STAPLES
RETAILING
-
1
.5
%
2,725
Albertsons
Cos,
Inc
67,743
418
Andersons,
Inc
12,971
2,336
*
BJ's
Wholesale
Club
Holdings,
Inc
170,084
618
Casey's
General
Stores,
Inc
125,157
515
*
Chefs'
Warehouse
Holdings,
Inc
14,920
7,552
Costco
Wholesale
Corp
3,566,583
1,460
*
Grocery
Outlet
Holding
Corp
48,603
626
*
HF
Foods
Group
Inc
2,423
213
Ingles
Markets,
Inc
(Class
A)
16,872
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Stock
Index
Fund
September
30,
2022
54
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
FOOD
&
STAPLES
RETAILING—continued
11,258
Kroger
Co
$
492,537
286
Natural
Grocers
by
Vitamin
C
3,086
2,651
*
Performance
Food
Group
Co
113,860
385
Pricesmart,
Inc
22,172
862
*,e
Rite
Aid
Corp
4,267
584
SpartanNash
Co
16,948
2,100
*
Sprouts
Farmers
Market,
Inc
58,275
8,505
SYSCO
Corp
601,389
943
*
United
Natural
Foods,
Inc
32,411
3,868
*
US
Foods
Holding
Corp
102,270
127
Village
Super
Market
(Class
A)
2,455
12,281
Walgreens
Boots
Alliance,
Inc
385,623
24,585
Walmart,
Inc
3,188,675
218
Weis
Markets,
Inc
15,530
TOTAL
FOOD
&
STAPLES
RETAILING
9,064,854
FOOD,
BEVERAGE
&
TOBACCO
-
3
.3
%
2,739
*,e
22nd
Century
Group,
Inc
2,540
31,003
Altria
Group,
Inc
1,251,901
1,079
*,e
AppHarvest,
Inc
2,126
9,610
Archer-Daniels-Midland
Co
773,124
1,190
B&G
Foods,
Inc
(Class
A)
19,623
2,859
*,e
Benson
Hill,
Inc
7,834
980
*,e
Beyond
Meat,
Inc
13,887
157
*
Boston
Beer
Co,
Inc
(Class
A)
50,813
349
*
BRC,
Inc
2,698
711
Brown-Forman
Corp
(Class
A)
48,035
3,077
Brown-Forman
Corp
(Class
B)
204,836
2,310
Bunge
Ltd
190,737
345
Calavo
Growers,
Inc
10,954
486
Cal-Maine
Foods,
Inc
27,017
3,182
Campbell
Soup
Co
149,936
918
*
Celsius
Holdings,
Inc
83,244
66,470
Coca-Cola
Co
3,723,649
72
Coca-Cola
Consolidated
Inc
29,645
8,273
ConAgra
Brands,
Inc
269,948
2,607
Constellation
Brands,
Inc
(Class
A)
598,776
2,764
*
Darling
International,
Inc
182,839
454
*
Duckhorn
Portfolio,
Inc
6,551
2,984
Flowers
Foods,
Inc
73,675
499
Fresh
Del
Monte
Produce,
Inc
11,597
752
*,e
Freshpet,
Inc
37,668
10,142
General
Mills,
Inc
776,979
1,593
*
Hain
Celestial
Group,
Inc
26,890
2,519
Hershey
Co
555,364
4,724
Hormel
Foods
Corp
214,659
2,702
*
Hostess
Brands,
Inc
62,794
1,093
Ingredion,
Inc
88,008
277
J&J
Snack
Foods
Corp
35,863
1,843
J.M.
Smucker
Co
253,247
199
John
B.
Sanfilippo
&
Son,
Inc
15,070
4,228
Kellogg
Co
294,522
14,082
Keurig
Dr
Pepper,
Inc
504,417
11,401
Kraft
Heinz
Co
380,223
2,489
Lamb
Weston
Holdings,
Inc
192,599
364
Lancaster
Colony
Corp
54,702
422
*
Landec
Corp
3,752
4,238
McCormick
&
Co,
Inc
302,042
203
MGP
Ingredients,
Inc
21,550
422
*
Mission
Produce,
Inc
6,102
3,002
Molson
Coors
Brewing
Co
(Class
B)
144,066
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Stock
Index
Fund
September
30,
2022
55
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
FOOD,
BEVERAGE
&
TOBACCO—continued
23,604
Mondelez
International,
Inc
$
1,294,207
6,463
*
Monster
Beverage
Corp
562,022
366
National
Beverage
Corp
14,106
23,580
PepsiCo,
Inc
3,849,671
26,494
Philip
Morris
International,
Inc
2,199,267
908
*
Pilgrim's
Pride
Corp
20,902
1,006
*
Post
Holdings,
Inc
82,401
2,638
Primo
Water
Corp
33,107
4
Seaboard
Corp
13,611
134
*
Seneca
Foods
Corp
6,759
1,484
*
Simply
Good
Foods
Co
47,473
339
*
Sovos
Brands,
Inc
4,827
1,555
*
SunOpta,
Inc
14,150
692
*,e
Tattooed
Chef,
Inc
3,446
424
Tootsie
Roll
Industries,
Inc
14,111
964
*
TreeHouse
Foods,
Inc
40,893
190
Turning
Point
Brands,
Inc
4,034
4,889
Tyson
Foods,
Inc
(Class
A)
322,332
619
Universal
Corp
28,499
803
Utz
Brands,
Inc
12,125
2,682
Vector
Group
Ltd
23,628
622
*,e
Vintage
Wine
Estates,
Inc
1,723
454
*
Vita
Coco
Co,
Inc
5,171
420
*
Vital
Farms,
Inc
5,027
486
*
Whole
Earth
Brands,
Inc
1,866
TOTAL
FOOD,
BEVERAGE
&
TOBACCO
20,311,860
HEALTH
CARE
EQUIPMENT
&
SERVICES
-
6
.2
%
3,092
*
1Life
Healthcare,
Inc
53,028
29,266
Abbott
Laboratories
2,831,778
785
*
Abiomed,
Inc
192,843
1,593
*
Acadia
Healthcare
Co,
Inc
124,541
1,237
*
Accolade,
Inc
14,127
1,314
*
AdaptHealth
Corp
24,677
230
*
Addus
HomeCare
Corp
21,905
317
*,e
Agiliti,
Inc
4,536
3,127
*
agilon
health,
Inc
73,234
1,350
*
Align
Technology,
Inc
279,598
1,430
*
Alignment
Healthcare,
Inc
16,931
1,508
*
Allscripts
Healthcare
Solutions,
Inc
22,967
996
*
Alphatec
Holdings
Inc
8,705
577
*
Amedisys,
Inc
55,848
3,954
*
American
Well
Corp
14,195
2,446
AmerisourceBergen
Corp
331,017
782
*
AMN
Healthcare
Services,
Inc
82,861
563
*
Angiodynamics,
Inc
11,519
640
*
Apollo
Medical
Holdings,
Inc
24,960
1,445
*,e
ATI
Physical
Therapy,
Inc
1,445
673
*
AtriCure,
Inc
26,314
27
Atrion
Corp
15,255
725
*
Avanos
Medical,
Inc
15,790
416
*
Aveanna
Healthcare
Holdings,
Inc
624
560
*
AxoGen,
Inc
6,675
738
*
Axonics
Modulation
Technologies,
Inc
51,985
2,210
*
Babylon
Holdings
Ltd
1,044
8,643
Baxter
International,
Inc
465,512
4,857
Becton
Dickinson
&
Co
1,082,285
571
*
BioLife
Solutions
Inc
12,990
462
*,e
Bioventus,
Inc
3,234
24,123
*
Boston
Scientific
Corp
934,284
2,873
*
Brookdale
Senior
Living,
Inc
12,268
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Stock
Index
Fund
September
30,
2022
56
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
HEALTH
CARE
EQUIPMENT
&
SERVICES—continued
2,966
*
Butterfly
Network,
Inc
$
13,940
2,690
*
Cano
Health,
Inc
23,322
4,682
Cardinal
Health,
Inc
312,196
501
*
Cardiovascular
Systems,
Inc
6,944
1,100
*,e
CareMax,
Inc
7,799
373
*
Castle
Biosciences,
Inc
9,728
9,754
*
Centene
Corp
758,959
1,866
*
Certara,
Inc
24,780
2,819
*
Cerus
Corp
10,148
3,853
*
Change
Healthcare,
Inc
105,919
261
Chemed
Corp
113,942
5,124
Cigna
Corp
1,421,756
6,357
*
Clover
Health
Investments
Corp
10,807
2,138
*
Community
Health
Systems,
Inc
4,597
168
*
Computer
Programs
&
Systems,
Inc
4,684
422
Conmed
Corp
33,832
263
*
Convey
Holding
Parent,
Inc
2,764
852
Cooper
Cos,
Inc
224,843
163
*
Corvel
Corp
22,564
1,718
*
Covetrus,
Inc
35,872
544
*
Cross
Country
Healthcare,
Inc
15,433
480
*
CryoLife,
Inc
6,643
670
*
CryoPort,
Inc
16,321
1,800
*
Cue
Health,
Inc
5,418
279
*
Cutera,
Inc
12,722
22,386
CVS
Health
Corp
2,134,953
1,050
*
DaVita,
Inc
86,908
485
*
Definitive
Healthcare
Corp
7,537
3,750
Dentsply
Sirona,
Inc
106,312
6,648
*
Dexcom,
Inc
535,430
1,250
*
DocGo,
Inc
12,400
1,826
*,e
Doximity,
Inc
55,182
10,588
*
Edwards
Lifesciences
Corp
874,886
4,115
Elevance
Health,
Inc
1,869,198
985
Embecta
Corp
28,358
1,608
Encompass
Health
Corp
72,730
804
*
Enhabit,
Inc
11,288
653
*
Enovis
Corp
30,084
981
Ensign
Group,
Inc
77,989
2,830
*
Envista
Holdings
Corp
92,852
1,279
*
Evolent
Health,
Inc
45,954
2,133
*,e
Figs,
Inc
17,597
350
*
Fulgent
Genetics,
Inc
13,342
710
*
Glaukos
Corp
37,800
1,419
*
Globus
Medical,
Inc
84,530
1,657
*
Guardant
Health,
Inc
89,196
886
*
Haemonetics
Corp
65,591
636
*
Hanger
Inc
11,906
3,749
HCA
Healthcare,
Inc
689,029
737
*
Health
Catalyst,
Inc
7,149
1,338
*
HealthEquity,
Inc
89,873
399
*
HealthStream,
Inc
8,483
2,395
*
Henry
Schein,
Inc
157,519
136
*
Heska
Corp
9,917
2,089
*
Hims
&
Hers
Health,
Inc
11,657
4,216
*
Hologic,
Inc
272,016
2,157
Humana,
Inc
1,046,555
362
*
ICU
Medical,
Inc
54,517
1,434
*
IDEXX
Laboratories,
Inc
467,197
779
*
Inari
Medical,
Inc
56,587
200
*
Innovage
Holding
Corp
1,176
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Stock
Index
Fund
September
30,
2022
57
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
HEALTH
CARE
EQUIPMENT
&
SERVICES—continued
301
*
Inogen,
Inc
$
7,308
465
*
Inspire
Medical
Systems,
Inc
82,477
1,159
*
Insulet
Corp
265,875
572
*
Integer
Holding
Corp
35,596
1,378
*
Integra
LifeSciences
Holdings
Corp
58,372
6,117
*
Intuitive
Surgical,
Inc
1,146,570
4,647
*,e
Invitae
Corp
11,432
96
iRadimed
Corp
2,886
477
*
iRhythm
Technologies,
Inc
59,759
229
*
Joint
Corp
3,598
1,591
Laboratory
Corp
of
America
Holdings
325,853
1,098
*
Lantheus
Holdings,
Inc
77,222
236
LeMaitre
Vascular,
Inc
11,960
528
*
LHC
Group,
Inc
86,412
1,192
*,e
LifeStance
Health
Group,
Inc
7,891
892
*
LivaNova
plc
45,287
849
*
Masimo
Corp
119,845
2,486
McKesson
Corp
844,917
1,431
*
MEDNAX,
Inc
23,626
22,814
Medtronic
plc
1,842,230
646
*
Meridian
Bioscience,
Inc
20,368
985
*
Merit
Medical
Systems,
Inc
55,662
49
Mesa
Laboratories,
Inc
6,901
199
*
ModivCare,
Inc
19,836
1,000
*
Molina
Healthcare,
Inc
329,840
6,230
*,e
Multiplan
Corp
17,818
734
*,e
Nano-X
Imaging
Ltd
8,419
173
National
Healthcare
Corp
10,958
208
National
Research
Corp
8,278
2,042
*
Neogen
Corp
28,527
613
*
Nevro
Corp
28,566
818
*
NextGen
Healthcare,
Inc
14,479
1,767
*
Novocure
Ltd
134,257
727
*,e
Nutex
Health,
Inc
1,090
959
*
NuVasive,
Inc
42,014
1,981
*
Oak
Street
Health,
Inc
48,574
758
*
Omnicell,
Inc
65,969
310
*
Oncology
Institute,
Inc
1,435
6,424
*
Opko
Health,
Inc
12,141
366
*
OptimizeRx
Corp
5,424
2,403
*
Option
Care
Health,
Inc
75,622
1,144
*
OraSure
Technologies,
Inc
4,336
267
*
Orthofix
Medical
Inc
5,102
333
*
OrthoPediatrics
Corp
15,365
742
*
Outset
Medical,
Inc
11,820
1,223
Owens
&
Minor,
Inc
29,474
525
*,e
P3
Health
Partners,
Inc
2,426
724
*
Paragon
28,
Inc
12,902
1,530
Patterson
Cos,
Inc
36,751
524
*
Pennant
Group,
Inc
5,455
597
*
Penumbra,
Inc
113,191
419
*
PetIQ,
Inc
2,891
771
*
Phreesia,
Inc
19,645
2,070
Premier,
Inc
70,256
682
*
Privia
Health
Group,
Inc
23,229
399
*
PROCEPT
BioRobotics
Corp
16,543
1,198
*
Progyny,
Inc
44,398
2,372
*
Project
Roadrunner
Parent,
Inc
43,953
559
*
Pulmonx
Corp
9,313
2,014
Quest
Diagnostics,
Inc
247,098
828
*
QuidelOrtho
Corp
59,185
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Stock
Index
Fund
September
30,
2022
58
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
HEALTH
CARE
EQUIPMENT
&
SERVICES—continued
689
*
RadNet,
Inc
$
14,021
2,482
Resmed,
Inc
541,821
375
*
RxSight,
Inc
4,500
896
*
Schrodinger,
Inc
22,382
496
*
SeaSpine
Holdings
Corp
2,817
1,678
Select
Medical
Holdings
Corp
37,084
3,285
*,e
Sema4
Holdings
Corp
2,883
7,206
*
Senseonics
Holdings,
Inc
9,512
5,090
*,e
Sharecare,
Inc
9,671
594
*
Shockwave
Medical
Inc
165,174
442
*
SI-BONE,
Inc
7,717
421
*
Sight
Sciences,
Inc
2,673
1,111
*
Signify
Health,
Inc
32,386
548
*
Silk
Road
Medical
Inc
24,660
227
Simulations
Plus,
Inc
11,019
793
*
Staar
Surgical
Co
55,946
1,629
STERIS
plc
270,870
6,017
Stryker
Corp
1,218,683
608
*
Surgery
Partners,
Inc
14,227
300
*
SurModics,
Inc
9,120
280
*
Tactile
Systems
Technology,
Inc
2,181
1,069
*
Tandem
Diabetes
Care,
Inc
51,152
2,648
*
Teladoc,
Inc
67,127
818
Teleflex,
Inc
164,794
1,754
*
Tenet
Healthcare
Corp
90,471
436
*
Transmedics
Group,
Inc
18,199
533
*
Treace
Medical
Concepts,
Inc
11,763
159
*
UFP
Technologies,
Inc
13,649
15,943
UnitedHealth
Group,
Inc
8,051,853
1,148
Universal
Health
Services,
Inc
(Class
B)
101,231
187
US
Physical
Therapy,
Inc
14,216
80
Utah
Medical
Products,
Inc
6,825
587
*
Varex
Imaging
Corp
12,409
2,386
*
Veeva
Systems,
Inc
393,404
3,056
*
VG
Acquisition
Corp
8,740
908
*
Vicarious
Surgical,
Inc
3,042
2,186
*
ViewRay,
Inc
7,957
3,636
Zimmer
Biomet
Holdings,
Inc
380,144
363
*
Zimvie,
Inc
3,583
374
e
Zynex
Inc
3,392
TOTAL
HEALTH
CARE
EQUIPMENT
&
SERVICES
37,890,531
HOUSEHOLD
&
PERSONAL
PRODUCTS
-
1
.4
%
1,630
*
Beauty
Health
Co
19,218
2,141
*
BellRing
Brands,
Inc
44,126
160
*
Central
Garden
&
Pet
Co
5,766
580
*
Central
Garden
and
Pet
Co
(Class
A)
19,813
4,218
Church
&
Dwight
Co,
Inc
301,334
2,121
Clorox
Co
272,315
14,130
Colgate-Palmolive
Co
992,632
5,109
*
Coty,
Inc
32,289
893
Edgewell
Personal
Care
Co
33,398
620
*
elf
Beauty,
Inc
23,324
1,154
Energizer
Holdings,
Inc
29,012
3,921
Estee
Lauder
Cos
(Class
A)
846,544
1,810
*
Herbalife
Nutrition
Ltd
36,001
1,244
*
Honest
Co,
Inc
4,354
253
Inter
Parfums,
Inc
19,091
5,756
Kimberly-Clark
Corp
647,780
188
Medifast,
Inc
20,372
140
*
Nature's
Sunshine
Products,
Inc
1,154
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Stock
Index
Fund
September
30,
2022
59
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
HOUSEHOLD
&
PERSONAL
PRODUCTS—continued
938
Nu
Skin
Enterprises,
Inc
(Class
A)
$
31,301
1,877
*
Olaplex
Holdings,
Inc
17,925
40,743
Procter
&
Gamble
Co
5,143,804
871
Reynolds
Consumer
Products,
Inc
22,655
741
Spectrum
Brands
Holdings,
Inc
28,921
180
*
USANA
Health
Sciences,
Inc
10,089
1,092
*
Veru,
Inc
12,580
266
WD-40
Co
46,747
TOTAL
HOUSEHOLD
&
PERSONAL
PRODUCTS
8,662,545
INSURANCE
-
2
.3
%
10,641
Aflac,
Inc
598,024
214
*
Alleghany
Corp
179,625
4,672
Allstate
Corp
581,804
699
*
AMBAC
Financial
Group,
Inc
8,912
1,426
American
Equity
Investment
Life
Holding
Co
53,175
1,177
American
Financial
Group,
Inc
144,689
13,017
American
International
Group,
Inc
618,047
299
Amerisafe,
Inc
13,972
3,588
Aon
plc
961,118
5,924
*
Arch
Capital
Group
Ltd
269,779
509
Argo
Group
International
Holdings
Ltd
9,803
3,438
Arthur
J.
Gallagher
&
Co
588,654
937
Assurant,
Inc
136,118
1,117
Assured
Guaranty
Ltd
54,119
1,411
Axis
Capital
Holdings
Ltd
69,351
4,258
*,e
Bright
Health
Group,
Inc
4,471
1,215
*
Brighthouse
Financial,
Inc
52,755
4,079
Brown
&
Brown,
Inc
246,698
891
*
BRP
Group,
Inc
23,478
7,062
Chubb
Ltd
1,284,437
2,630
Cincinnati
Financial
Corp
235,569
261
CNA
Financial
Corp
9,631
1,716
Conseco,
Inc
30,836
143
Donegal
Group,
Inc
(Class
A)
1,929
494
*
eHealth,
Inc
1,932
488
Employers
Holdings,
Inc
16,831
222
*
Enstar
Group
Ltd
37,649
436
Erie
Indemnity
Co
(Class
A)
96,927
638
Everest
Re
Group
Ltd
167,437
4,587
Fidelity
National
Financial
Inc
166,049
1,838
First
American
Financial
Corp
84,732
8,098
*
Genworth
Financial,
Inc
(Class
A)
28,343
1,640
Globe
Life,
Inc
163,508
286
*
Goosehead
Insurance,
Inc
10,193
463
*
Greenlight
Capital
Re
Ltd
(Class
A)
3,445
667
Hanover
Insurance
Group,
Inc
85,469
5,478
Hartford
Financial
Services
Group,
Inc
339,307
121
e
HCI
Group,
Inc
4,743
165
*
Hippo
Holdings,
Inc
3,049
637
Horace
Mann
Educators
Corp
22,480
23
Investors
Title
Co
3,243
648
James
River
Group
Holdings
Ltd
14,781
1,193
Kemper
Corp
49,223
347
Kinsale
Capital
Group,
Inc
88,631
657
*
Lemonade,
Inc
13,915
3,077
Lincoln
National
Corp
135,111
3,399
Loews
Corp
169,406
235
*
Markel
Corp
254,792
8,540
Marsh
&
McLennan
Cos,
Inc
1,274,937
1,028
*
MBIA,
Inc
9,458
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Stock
Index
Fund
September
30,
2022
60
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
INSURANCE—continued
429
Mercury
General
Corp
$
12,192
11,405
Metlife,
Inc
693,196
35
National
Western
Life
Group,
Inc
5,978
158
*
NI
Holdings,
Inc
2,111
5,018
Old
Republic
International
Corp
105,027
1,998
*
Oscar
Health,
Inc
9,970
391
*
Palomar
Holdings,
Inc
32,734
727
Primerica,
Inc
89,748
4,377
Principal
Financial
Group
315,801
820
ProAssurance
Corp
15,998
9,964
Progressive
Corp
1,157,916
6,486
Prudential
Financial,
Inc
556,369
1,153
Reinsurance
Group
of
America,
Inc
(Class
A)
145,059
759
RenaissanceRe
Holdings
Ltd
106,556
600
RLI
Corp
61,428
157
*,e
Root,
Inc
1,237
1,227
*
Ryan
Specialty
Group
Holdings,
Inc
49,841
227
Safety
Insurance
Group,
Inc
18,514
1,030
Selective
Insurance
Group,
Inc
83,842
2,285
*
Selectquote,
Inc
1,668
1,153
*
SiriusPoint
Ltd
5,707
351
Stewart
Information
Services
Corp
15,318
433
Tiptree
Inc
4,659
4,035
Travelers
Cos,
Inc
618,162
236
*
Trean
Insurance
Group,
Inc
802
628
*,e
Trupanion,
Inc
37,322
338
United
Fire
Group
Inc
9,711
503
Universal
Insurance
Holdings,
Inc
4,955
3,600
Unum
Group
139,680
3,558
W.R.
Berkley
Corp
229,776
56
White
Mountains
Insurance
Group
Ltd
72,969
1,889
Willis
Towers
Watson
plc
379,576
TOTAL
INSURANCE
14,406,407
MATERIALS
-
2
.8
%
350
*
5E
Advanced
Materials,
Inc
3,556
461
AdvanSix,
Inc
14,798
3,788
Air
Products
&
Chemicals,
Inc
881,581
2,002
Albemarle
Corp
529,409
3,014
Alcoa
Corp
101,451
2,222
*
Allegheny
Technologies,
Inc
59,127
298
Alpha
Metallurgical
Resources,
Inc
40,778
25,996
Amcor
plc
278,937
429
American
Vanguard
Corp
8,022
3,312
*,e
Amyris,
Inc
9,671
1,121
Aptargroup,
Inc
106,529
1,763
*
Arconic
Corp
30,042
271
†
Ardagh
Group
S.A.
3,279
1,615
e
Ardagh
Metal
Packaging
S.A.
7,817
912
Ashland
Global
Holdings,
Inc
86,613
340
*
Aspen
Aerogels,
Inc
3,135
1,410
Avery
Dennison
Corp
229,407
1,490
Avient
Corp
45,147
3,718
*
Axalta
Coating
Systems
Ltd
78,301
605
Balchem
Corp
73,556
5,423
Ball
Corp
262,039
2,133
*
Berry
Global
Group,
Inc
99,248
953
Cabot
Corp
60,887
799
Carpenter
Technology
Corp
24,881
1,854
Celanese
Corp
(Series
A)
167,490
831
*
Century
Aluminum
Co
4,388
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Stock
Index
Fund
September
30,
2022
61
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
MATERIALS—continued
3,412
CF
Industries
Holdings,
Inc
$
328,405
111
Chase
Corp
9,276
2,721
Chemours
Co
67,073
261
*
Clearwater
Paper
Corp
9,814
8,514
*
Cleveland-Cliffs,
Inc
114,684
4,597
*
Coeur
Mining,
Inc
15,722
1,801
Commercial
Metals
Co
63,899
532
Compass
Minerals
International,
Inc
20,498
1,802
*
Constellium
SE
18,272
12,399
Corteva,
Inc
708,603
2,070
Crown
Holdings,
Inc
167,732
1,053
*
Dakota
Gold
Corp
3,212
1,647
*,e
Danimer
Scientific,
Inc
4,859
987
*
Diversey
Holdings
Ltd
4,797
12,278
Dow,
Inc
539,373
8,729
DuPont
de
Nemours,
Inc
439,942
709
Eagle
Materials,
Inc
75,991
2,121
Eastman
Chemical
Co
150,697
4,252
Ecolab,
Inc
614,074
3,499
Element
Solutions,
Inc
56,929
2,190
FMC
Corp
231,483
24,699
Freeport-McMoRan,
Inc
(Class
B)
675,024
400
FutureFuel
Corp
2,416
13,535
*
Ginkgo
Bioworks
Holdings,
Inc
42,229
658
Glatfelter
Corp
2,046
4,828
Graphic
Packaging
Holding
Co
95,305
395
Greif,
Inc
(Class
A)
23,530
87
Greif,
Inc
(Class
B)
5,290
784
H.B.
Fuller
Co
47,118
284
Hawkins,
Inc
11,073
193
Haynes
International,
Inc
6,778
9,435
Hecla
Mining
Co
37,174
3,508
Huntsman
Corp
86,086
2,700
*
Hycroft
Mining
Holding
Corp
1,632
749
*
Ingevity
Corp
45,412
373
Innospec,
Inc
31,955
4,277
International
Flavors
&
Fragrances,
Inc
388,480
6,161
International
Paper
Co
195,304
149
*
Intrepid
Potash,
Inc
5,896
261
Kaiser
Aluminum
Corp
16,012
315
Koppers
Holdings,
Inc
6,546
357
Kronos
Worldwide,
Inc
3,334
8,499
Linde
plc
2,291,245
2,677
*
Livent
Corp
82,050
1,476
Louisiana-Pacific
Corp
75,556
542
*
LSB
Industries,
Inc
7,724
4,354
LyondellBasell
Industries
NV
327,769
1,039
Martin
Marietta
Materials,
Inc
334,652
300
Materion
Corp
24,000
741
Minerals
Technologies,
Inc
36,613
6,067
Mosaic
Co
293,218
1,500
*
MP
Materials
Corp
40,950
371
Myers
Industries,
Inc
6,110
95
NewMarket
Corp
28,579
13,641
Newmont
Goldcorp
Corp
573,331
3,868
*
Novagold
Resources
Inc
18,141
4,497
Nucor
Corp
481,134
2,868
*
O-I
Glass,
Inc
37,141
2,431
Olin
Corp
104,241
163
Olympic
Steel,
Inc
3,718
1,636
*
Origin
Materials,
Inc
8,442
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Stock
Index
Fund
September
30,
2022
62
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
MATERIALS—continued
1,050
Orion
Engineered
Carbons
SA
$
14,017
1,615
Packaging
Corp
of
America
181,348
499
Pactiv
Evergreen,
Inc
4,356
1,935
*
Perimeter
Solutions
S.A.
15,499
282
*
Piedmont
Lithium,
Inc
15,084
632
*
PolyMet
Mining
Corp
1,820
4,040
PPG
Industries,
Inc
447,188
868
*
PQ
Group
Holdings,
Inc
7,326
1,820
*,e
PureCycle
Technologies,
Inc
14,687
201
Quaker
Chemical
Corp
29,020
376
Ramaco
Resources,
Inc
3,459
564
*
Ranpak
Holdings
Corp
1,929
877
*
Rayonier
Advanced
Materials,
Inc
2,763
1,022
Reliance
Steel
&
Aluminum
Co
178,247
687
*
Resolute
Forest
Products
13,740
1,158
Royal
Gold,
Inc
108,644
2,211
RPM
International,
Inc
184,198
272
Ryerson
Holding
Corp
7,001
421
Schnitzer
Steel
Industries,
Inc
(Class
A)
11,982
1,019
Schweitzer-Mauduit
International,
Inc
22,500
716
Scotts
Miracle-Gro
Co
(Class
A)
30,609
2,582
Sealed
Air
Corp
114,925
804
Sensient
Technologies
Corp
55,749
4,089
Sherwin-Williams
Co
837,223
1,204
Silgan
Holdings,
Inc
50,616
1,617
Sonoco
Products
Co
91,732
1,339
Southern
Copper
Corp
60,041
3,317
SSR
Mining,
Inc
48,793
2,951
Steel
Dynamics,
Inc
209,373
410
Stepan
Co
38,405
1,996
*
Summit
Materials,
Inc
47,824
1,010
SunCoke
Energy,
Inc
5,868
619
Sylvamo
Corp
20,984
717
*
TimkenSteel
Corp
10,748
394
Tredegar
Corp
3,719
716
Trimas
Corp
17,950
733
Trinseo
plc
13,429
1,767
Tronox
Holdings
plc
21,646
30
United
States
Lime
&
Minerals,
Inc
3,066
4,509
United
States
Steel
Corp
81,703
3,271
Valvoline,
Inc
82,887
2,283
Vulcan
Materials
Co
360,052
816
Warrior
Met
Coal,
Inc
23,207
559
Westlake
Chemical
Corp
48,566
4,393
WestRock
Co
135,700
702
Worthington
Industries,
Inc
26,774
TOTAL
MATERIALS
17,065,075
MEDIA
&
ENTERTAINMENT
-
6
.3
%
13,252
Activision
Blizzard,
Inc
985,154
1,587
Adeia,
Inc
22,440
988
*
Advantage
Solutions,
Inc
2,104
102,540
*
Alphabet,
Inc
(Class
A)
9,807,951
92,188
*
Alphabet,
Inc
(Class
C)
8,863,876
3,867
*
Altice
USA,
Inc
22,545
8,836
*,e
AMC
Entertainment
Holdings,
Inc
61,587
543
*
AMC
Networks,
Inc
11,023
232
*
Arena
Group
Holdings,
Inc
3,039
380
*
Boston
Omaha
Corp
8,755
1,441
*
Bumble,
Inc
30,967
92
Cable
One,
Inc
78,481
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Stock
Index
Fund
September
30,
2022
63
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
MEDIA
&
ENTERTAINMENT—continued
544
*
Cardlytics,
Inc
$
5,114
1,657
*
Cargurus,
Inc
23,480
1,131
*
Cars.com,
Inc
13,006
1,896
*
Charter
Communications,
Inc
575,152
2,021
*
Cinemark
Holdings,
Inc
24,474
6,287
*
Clear
Channel
8,613
74,825
Comcast
Corp
(Class
A)
2,194,617
315
*
Cumulus
Media
Inc
2,214
17
*
Daily
Journal
Corp
4,359
632
*
DHI
Group,
Inc
3,400
4,043
*
DISH
Network
Corp
(Class
A)
55,915
4,803
Electronic
Arts,
Inc
555,755
2,184
*
Entercom
Communications
Corp
843
1,005
Entravision
Communications
Corp
(Class
A)
3,990
1,205
*,e
Eventbrite
Inc
7,326
249
*
EverQuote
Inc
1,698
916
*
EW
Scripps
Co
(Class
A)
10,323
5,373
Fox
Corp
(Class
A)
164,844
2,613
Fox
Corp
(Class
B)
74,470
2,993
*,e
fuboTV,
Inc
10,625
2,328
*
Gannett
Co,
Inc
3,562
1,547
Gray
Television,
Inc
22,153
1,354
*
IAC
74,985
1,779
*
iHeartMedia,
Inc
13,040
902
*
Imax
Corp
12,736
556
*
Integral
Ad
Science
Holding
Corp
4,025
6,397
Interpublic
Group
of
Cos,
Inc
163,763
693
John
Wiley
&
Sons,
Inc
(Class
A)
26,029
170
*,e
Liberty
Braves
Group
(Class
A)
4,785
525
*
Liberty
Braves
Group
(Class
C)
14,438
413
Liberty
Broadband
Corp
(Class
A)
30,810
2,140
*
Liberty
Broadband
Corp
(Class
C)
157,932
398
*
Liberty
Media
Group
(Class
A)
20,903
3,453
*
Liberty
Media
Group
(Class
C)
202,000
1,463
Liberty
SiriusXM
Group
(Class
A)
55,696
2,909
*
Liberty
SiriusXM
Group
(Class
C)
109,698
786
*
Lions
Gate
Entertainment
Corp
(Class
A)
5,840
1,776
*
Lions
Gate
Entertainment
Corp
(Class
B)
12,343
2,523
*
Live
Nation,
Inc
191,849
336
*
Madison
Square
Garden
Co
45,918
496
*
Madison
Square
Garden
Entertainment
Corp
21,869
2,210
*
Magnite,
Inc
14,520
294
e
Marcus
Corp
4,084
4,748
*
Match
Group,
Inc
226,717
329
*
MediaAlpha,
Inc
2,879
39,095
*
Meta
Platforms,
Inc
5,304,410
7,442
*
Netflix,
Inc
1,752,144
2,867
New
York
Times
Co
(Class
A)
82,426
6,379
News
Corp
(Class
A)
96,387
1,884
News
Corp
(Class
B)
29,051
706
Nexstar
Media
Group
Inc
117,796
3,500
Omnicom
Group,
Inc
220,815
692
*,e
Outbrain,
Inc
2,526
89
e
Paramount
Global
(Class
A)
1,917
9,969
Paramount
Global
(Class
B)
189,810
9,845
*
Pinterest,
Inc
229,389
1,390
*
Playstudios,
Inc
4,851
1,555
*,e
Playtika
Holding
Corp
14,601
683
*
PubMatic,
Inc
11,358
1,085
*
QuinStreet,
Inc
11,393
378
*
Reservoir
Media,
Inc
1,845
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Stock
Index
Fund
September
30,
2022
64
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
MEDIA
&
ENTERTAINMENT—continued
7,482
*,e
ROBLOX
Corp
$
268,155
2,026
*
Roku,
Inc
114,266
438
Scholastic
Corp
13,473
862
Sinclair
Broadcast
Group,
Inc
(Class
A)
15,594
12,646
e
Sirius
XM
Holdings,
Inc
72,209
6,587
*,e
Skillz,
Inc
6,719
2,335
*
Spotify
Technology
S.A.
201,510
1,314
*
Stagwell,
Inc
9,132
2,757
*
Take-Two
Interactive
Software,
Inc
300,513
378
*
TechTarget,
Inc
22,378
3,517
TEGNA,
Inc
72,732
380
*
Thryv
Holdings,
Inc
8,675
1,758
*
TripAdvisor,
Inc
38,817
1,632
*
TrueCar,
Inc
2,464
12,745
*
Twitter,
Inc
558,741
2,350
*
Vimeo,
Inc
9,400
31,095
*
Walt
Disney
Co
2,933,191
39,844
*
Warner
Bros
Discovery,
Inc
458,206
736
*
WideOpenWest,
Inc
9,031
749
World
Wrestling
Entertainment,
Inc
(Class
A)
52,557
1,209
*
Yelp,
Inc
40,997
795
*
Ziff
Davis
Inc
54,442
1,228
*
ZipRecruiter,
Inc
20,262
4,577
*
ZoomInfo
Technologies,
Inc
190,678
TOTAL
MEDIA
&
ENTERTAINMENT
38,625,575
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
-
8
.6
%
1,510
*
10X
Genomics,
Inc
43,005
646
*
2seventy
bio,
Inc
9,399
684
*
4D
Molecular
Therapeutics,
Inc
5,499
306
*
Aadi
Bioscience,
Inc
4,324
30,138
AbbVie,
Inc
4,044,821
3,422
*,e
AbCellera
Biologics,
Inc
33,844
926
*
Absci
Corp
2,898
2,077
*
Acadia
Pharmaceuticals,
Inc
33,980
997
*
Aclaris
Therapeutics,
Inc
15,693
993
*
Adagio
Therapeutics,
Inc
3,108
1,866
*
Adaptive
Biotechnologies
Corp
13,286
441
*
Adicet
Bio,
Inc
6,271
3,230
*
ADMA
Biologics,
Inc
7,849
702
*
Aerie
Pharmaceuticals,
Inc
10,621
190
*,e
Aerovate
Therapeutics,
Inc
3,150
1,962
*
Affimed
NV
4,042
4,738
*
Agenus,
Inc
9,713
5,154
Agilent
Technologies,
Inc
626,469
1,081
*
Agios
Pharmaceuticals,
Inc
30,571
423
*,e
Akero
Therapeutics,
Inc
14,403
144
*
Akoya
Biosciences,
Inc
1,692
275
*
Albireo
Pharma,
Inc
5,324
1,021
*
Alector,
Inc
9,659
2,871
*
Alkermes
plc
64,109
1,319
*,e
Allogene
Therapeutics,
Inc
14,245
492
*,e
Allovir,
Inc
3,882
2,045
*
Alnylam
Pharmaceuticals,
Inc
409,327
260
*,e
Alpine
Immune
Sciences,
Inc
1,872
308
*
ALX
Oncology
Holdings,
Inc
2,948
9,103
Amgen,
Inc
2,051,816
4,499
*
Amicus
Therapeutics,
Inc
46,970
2,013
*
Amneal
Pharmaceuticals,
Inc
4,066
552
*
Amphastar
Pharmaceuticals,
Inc
15,511
593
*
Amylyx
Pharmaceuticals,
Inc
16,693
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Stock
Index
Fund
September
30,
2022
65
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES—continued
305
*
AnaptysBio,
Inc
$
7,781
1,126
*,e
Anavex
Life
Sciences
Corp
11,620
121
*
ANI
Pharmaceuticals,
Inc
3,889
216
*
Anika
Therapeutics,
Inc
5,141
1,504
*
Apellis
Pharmaceuticals,
Inc
102,723
1,513
*,e
Arbutus
Biopharma
Corp
2,890
503
*
Arcellx,
Inc
9,441
365
*
Arcturus
Therapeutics
Holdings,
Inc
5,409
799
*
Arcus
Biosciences,
Inc
20,902
576
*
Arcutis
Biotherapeutics,
Inc
11,007
1,723
*
Arrowhead
Pharmaceuticals
Inc
56,945
807
*
Arvinas,
Inc
35,903
1,368
*
Atara
Biotherapeutics,
Inc
5,171
1,067
*
Atea
Pharmaceuticals,
Inc
6,071
550
*
Athira
Pharma,
Inc
1,633
338
*
Aura
Biosciences,
Inc
6,125
2,219
*
Aurinia
Pharmaceuticals,
Inc
16,687
9,898
*
Avantor,
Inc
194,001
989
*
Avid
Bioservices,
Inc
18,910
858
*
Avidity
Biosciences,
Inc
14,011
493
*,e
Axsome
Therapeutics,
Inc
21,998
1,068
*
Beam
Therapeutics,
Inc
50,879
1,205
*
Berkeley
Lights,
Inc
3,446
2,996
*
BioCryst
Pharmaceuticals,
Inc
37,750
2,494
*
Biogen,
Inc
665,898
1,036
*
Biohaven
Pharmaceutical
Holding
Co
Ltd
156,612
3,188
*
BioMarin
Pharmaceutical,
Inc
270,247
4,860
*,e
Bionano
Genomics,
Inc
8,894
379
*
Bio-Rad
Laboratories,
Inc
(Class
A)
158,096
657
Bio-Techne
Corp
186,588
830
*,e
Bioxcel
Therapeutics
Inc
9,811
1,143
*,e
Bluebird
Bio,
Inc
7,235
957
*
Blueprint
Medicines
Corp
63,057
1,858
*
Bridgebio
Pharma,
Inc
18,469
36,319
Bristol-Myers
Squibb
Co
2,581,918
1,252
Brooks
Automation,
Inc
53,661
1,736
Bruker
BioSciences
Corp
92,112
647
*
C4
Therapeutics,
Inc
5,674
679
*
Cara
Therapeutics,
Inc
6,355
831
*
CareDx,
Inc
14,144
983
*
Caribou
Biosciences,
Inc
10,371
656
*,e
Cassava
Sciences,
Inc
27,434
2,822
*
Catalent,
Inc
204,200
2,132
*
Catalyst
Pharmaceuticals,
Inc
27,354
777
*
Celldex
Therapeutics,
Inc
21,841
397
*
Century
Therapeutics,
Inc
3,926
887
*
Cerevel
Therapeutics
Holdings,
Inc
25,067
837
*
Charles
River
Laboratories
International,
Inc
164,722
1,023
*
ChemoCentryx,
Inc
52,848
1,268
*
Chimerix,
Inc
2,447
854
*
Chinook
Therapeutics,
Inc
16,790
233
*,e
CinCor
Pharma,
Inc
7,647
970
*
Codexis,
Inc
5,878
1,087
*
Cogent
Biosciences,
Inc
16,218
1,104
*
Coherus
Biosciences,
Inc
10,609
773
*
Collegium
Pharmaceutical,
Inc
12,383
1,611
*
Corcept
Therapeutics,
Inc
41,306
899
*
Crinetics
Pharmaceuticals,
Inc
17,656
1,556
*
CTI
BioPharma
Corp
9,056
427
*
Cullinan
Oncology,
Inc
5,474
1,861
*
Cytek
Biosciences,
Inc
27,394
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Stock
Index
Fund
September
30,
2022
66
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES—continued
1,352
*
Cytokinetics,
Inc
$
65,504
10,990
Danaher
Corp
2,838,607
386
*
Day
One
Biopharmaceuticals,
Inc
7,732
610
*
Deciphera
Pharmaceuticals,
Inc
11,285
1,553
*
Denali
Therapeutics,
Inc
47,662
578
*
Design
Therapeutics,
Inc
9,664
487
*
DICE
Therapeutics,
Inc
9,876
1,903
*
Dynavax
Technologies
Corp
19,867
549
*
Dyne
Therapeutics,
Inc
6,972
122
*
Eagle
Pharmaceuticals,
Inc
3,223
648
*,e
Edgewise
Therapeutics,
Inc
6,376
1,182
*,e
Editas
Medicine,
Inc
14,468
426
*
Eiger
BioPharmaceuticals,
Inc
3,208
7,744
*
Elanco
Animal
Health,
Inc
96,103
14,377
Eli
Lilly
&
Co
4,648,803
788
*
Emergent
Biosolutions,
Inc
16,540
301
*
Enanta
Pharmaceuticals,
Inc
15,613
3,398
*,e
EQRx,
Inc
16,820
1,213
*,e
Erasca,
Inc
9,461
1,139
*,e
Esperion
Thereapeutics,
Inc
7,631
533
*
Evolus,
Inc
4,291
2,917
*
Exact
Sciences
Corp
94,773
5,221
*
Exelixis,
Inc
81,865
468
*,e
EyePoint
Pharmaceuticals,
Inc
3,702
1,343
*
Fate
Therapeutics,
Inc
30,097
1,457
*
FibroGen,
Inc
18,956
410
*
Foghorn
Therapeutics,
Inc
3,518
588
*
Forma
Therapeutics
Holdings,
Inc
11,731
532
*,e
Fulcrum
Therapeutics,
Inc
4,304
744
*
Generation
Bio
Co
3,951
6,579
*,e
Geron
Corp
15,395
21,416
Gilead
Sciences,
Inc
1,321,153
1,063
*
Global
Blood
Therapeutics,
Inc
72,390
1,085
*,e
Gossamer
Bio,
Inc
12,998
2,341
*
Halozyme
Therapeutics,
Inc
92,563
405
*
Harmony
Biosciences
Holdings,
Inc
17,937
1,529
*,e
Heron
Therapeutics,
Inc
6,452
256
*
HilleVax,
Inc
4,375
3,709
*
Horizon
Therapeutics
Plc
229,550
205
*,e
Icosavax,
Inc
648
482
*
Ideaya
Biosciences,
Inc
7,191
125
*,e
IGM
Biosciences,
Inc
2,842
2,643
*
Illumina,
Inc
504,258
463
*,e
Imago
Biosciences,
Inc
6,968
2,150
*,e
ImmunityBio,
Inc
10,685
3,250
*
Immunogen,
Inc
15,535
609
*
Immunovant,
Inc
3,398
3,159
*
Incyte
Corp
210,516
477
*
Inhibrx,
Inc
8,562
1,186
*
Innoviva,
Inc
13,769
232
*,e
Inotiv,
Inc
3,909
3,572
*
Inovio
Pharmaceuticals,
Inc
6,162
1,917
*
Insmed,
Inc
41,292
1,269
*,e
Instil
Bio,
Inc
6,142
1,275
*
Intellia
Therapeutics,
Inc
71,349
554
*
Intercept
Pharmaceuticals,
Inc
7,728
1,517
*
Intra-Cellular
Therapies,
Inc
70,586
2,335
*
Ionis
Pharmaceuticals,
Inc
103,277
2,420
*
Iovance
Biotherapeutics,
Inc
23,184
3,230
*
IQVIA
Holdings,
Inc
585,082
2,421
*
Ironwood
Pharmaceuticals,
Inc
25,082
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Stock
Index
Fund
September
30,
2022
67
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES—continued
343
*
iTeos
Therapeutics,
Inc
$
6,534
1,903
*
IVERIC
bio,
Inc
34,140
205
*,e
Janux
Therapeutics,
Inc
2,776
1,000
*
Jazz
Pharmaceuticals
plc
133,290
44,874
Johnson
&
Johnson
7,330,617
745
*
Jounce
Therapeutics,
Inc
1,743
390
*
KalVista
Pharmaceuticals
Inc
5,659
499
*
Karuna
Therapeutics,
Inc
112,240
1,306
*
Karyopharm
Therapeutics,
Inc
7,131
226
*
Keros
Therapeutics,
Inc
8,502
1,049
*
Kezar
Life
Sciences,
Inc
9,032
561
*
Kiniksa
Pharmaceuticals
Ltd
7,203
421
*,e
Kinnate
Biopharma,
Inc
5,031
557
*
Kodiak
Sciences,
Inc
4,311
693
*
Kronos
Bio,
Inc
2,322
313
*
Krystal
Biotech
Inc
21,816
1,038
*
Kura
Oncology,
Inc
14,179
584
*
Kymera
Therapeutics,
Inc
12,714
1,227
*
Lexicon
Pharmaceuticals,
Inc
2,945
305
*
Ligand
Pharmaceuticals,
Inc
(Class
B)
26,264
933
*,e
Liquidia
Corp
5,076
2,962
*
Lyell
Immunopharma,
Inc
21,711
985
*
MacroGenics,
Inc
3,408
213
*
Madrigal
Pharmaceuticals,
Inc
13,843
4,140
*,e
MannKind
Corp
12,793
1,760
*
Maravai
LifeSciences
Holdings,
Inc
44,933
1,600
*
MaxCyte,
Inc
10,400
494
*
Medpace
Holdings,
Inc
77,642
520
*
MeiraGTx
Holdings
plc
4,373
43,154
Merck
&
Co,
Inc
3,716,422
1,159
*
Mersana
Therapeutics,
Inc
7,835
386
*
Mettler-Toledo
International,
Inc
418,470
1,942
*,e
MiMedx
Group,
Inc
5,574
707
*
Mirati
Therapeutics,
Inc
49,377
270
*
Mirum
Pharmaceuticals,
Inc
5,673
5,772
*
Moderna,
Inc
682,539
579
*,e
Monte
Rosa
Therapeutics,
Inc
4,730
337
*
Morphic
Holding,
Inc
9,537
1,296
*
Myriad
Genetics,
Inc
24,728
771
*
NanoString
Technologies,
Inc
9,846
1,394
*
Natera,
Inc
61,085
1,214
*,e
Nautilus
Biotechnology,
Inc
2,574
3,021
*
Nektar
Therapeutics
9,667
1,811
*
NeoGenomics,
Inc
15,593
1,620
*
Neurocrine
Biosciences,
Inc
172,060
653
*
NGM
Biopharmaceuticals
Inc
8,541
547
*,e
Nkarta,
Inc
7,199
1,338
*,e
Novavax,
Inc
24,352
774
*
Nurix
Therapeutics,
Inc
10,085
160
*,e
Nuvalent,
Inc
3,110
2,669
*
Nuvation
Bio,
Inc
5,979
3,201
*,e
Ocugen,
Inc
5,698
1,191
*
Ocular
Therapeutix,
Inc
4,943
1,082
*
Organogenesis
Holdings
Inc
3,506
4,364
Organon
&
Co
102,118
1,649
*,e
Outlook
Therapeutics,
Inc
2,012
3,873
*,e
Pacific
Biosciences
of
California,
Inc
22,483
686
*
Pacira
BioSciences
Inc
36,488
479
*
Pardes
Biosciences,
Inc
886
2,112
PerkinElmer,
Inc
254,137
2,396
Perrigo
Co
plc
85,441
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Stock
Index
Fund
September
30,
2022
68
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES—continued
96,077
Pfizer,
Inc
$
4,204,330
326
*,e
Phathom
Pharmaceuticals,
Inc
3,612
293
Phibro
Animal
Health
Corp
3,894
437
*,e
PMV
Pharmaceuticals,
Inc
5,200
1,279
*
Point
Biopharma
Global,
Inc
9,887
590
*
Praxis
Precision
Medicines,
Inc
1,339
1,712
*
Precigen,
Inc
3,629
817
*
Prestige
Consumer
Healthcare,
Inc.
40,711
1,110
*,†
Progenics
Pharmaceuticals,
Inc
0
486
*
Prometheus
Biosciences,
Inc
28,679
709
*
Protagonist
Therapeutics,
Inc
5,977
594
*
Prothena
Corp
plc
36,014
1,036
*,e
Provention
Bio,
Inc
4,662
1,091
*
PTC
Therapeutics,
Inc
54,768
3,971
*
QIAGEN
NV
163,923
537
*
Quanterix
Corp
5,918
1,824
*
Quantum-Si,
Inc
5,016
313
*
Rallybio
Corp
4,529
468
*
RAPT
Therapeutics,
Inc
11,260
446
*,e
Reata
Pharmaceuticals,
Inc
11,208
2,378
*,e
Recursion
Pharmaceuticals,
Inc
25,302
1,760
*
Regeneron
Pharmaceuticals,
Inc
1,212,411
696
*
REGENXBIO,
Inc
18,395
1,314
*
Relay
Therapeutics,
Inc
29,394
488
*
Relmada
Therapeutics,
Inc
18,066
918
*
Repligen
Corp
171,767
560
*
Replimune
Group,
Inc
9,671
1,100
*
Revance
Therapeutics,
Inc
29,700
1,022
*
REVOLUTION
Medicines,
Inc
20,154
2,948
*
Rigel
Pharmaceuticals,
Inc
3,479
870
*
Rocket
Pharmaceuticals,
Inc
13,885
6,056
Royalty
Pharma
plc
243,330
944
*
Sage
Therapeutics,
Inc
36,967
1,429
*,e
Sana
Biotechnology,
Inc
8,574
1,935
*
Sangamo
Therapeutics
Inc
9,481
1,378
*
Sarepta
Therapeutics,
Inc
152,324
1,111
*
Science
37
Holdings,
Inc
1,789
2,283
*
Seagen,
Inc
312,383
1,011
*
Seer,
Inc
7,825
1,207
*
Seres
Therapeutics,
Inc
7,749
842
SIGA
Technologies,
Inc
8,673
1,390
*,e
Singular
Genomics
Systems,
Inc
3,475
2,472
*
SomaLogic,
Inc
7,169
6,677
*,e
Sorrento
Therapeutics,
Inc
10,483
1,436
*
Sotera
Health
Co
9,794
574
*
SpringWorks
Therapeutics,
Inc
16,376
311
*
Stoke
Therapeutics,
Inc
3,993
725
*
Supernus
Pharmaceuticals,
Inc
24,541
730
*
Sutro
Biopharma,
Inc
4,051
747
*
Syndax
Pharmaceuticals,
Inc
17,950
1,682
*
Syneos
Health,
Inc
79,306
905
*
Tango
Therapeutics,
Inc
3,276
356
*
Tarsus
Pharmaceuticals,
Inc
6,095
568
*
Tenaya
Therapeutics,
Inc
1,647
2,181
*
TG
Therapeutics,
Inc
12,912
1,031
*,e
Theravance
Biopharma,
Inc
10,454
6,677
Thermo
Fisher
Scientific,
Inc
3,386,508
393
*
Theseus
Pharmaceuticals,
Inc
2,279
940
*
Travere
Therapeutics,
Inc
23,162
593
*
Tricida,
Inc
6,215
941
*
Twist
Bioscience
Corp
33,161
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Stock
Index
Fund
September
30,
2022
69
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES—continued
356
*,e
Tyra
Biosciences,
Inc
$
3,129
1,092
*
Ultragenyx
Pharmaceutical,
Inc
45,220
751
*
United
Therapeutics
Corp
157,244
819
*
Vanda
Pharmaceuticals,
Inc
8,092
2,085
*
Vaxart
Inc
4,545
866
*
Vaxcyte,
Inc
20,784
5,817
*
VBI
Vaccines,
Inc
4,106
383
*,e
Ventyx
Biosciences,
Inc
13,371
147
*
Vera
Therapeutics,
Inc
3,133
1,155
*
Veracyte,
Inc
19,173
796
*
Vericel
Corp
18,467
4,342
*
Vertex
Pharmaceuticals,
Inc
1,257,183
684
*
Verve
Therapeutics,
Inc
23,495
20,481
Viatris,
Inc
174,498
1,193
*
Vir
Biotechnology,
Inc
23,001
484
*
Viridian
Therapeutics,
Inc
9,927
3,518
*
VistaGen
Therapeutics,
Inc
535
1,029
*
Waters
Corp
277,346
1,278
West
Pharmaceutical
Services,
Inc
314,490
962
*
Xencor,
Inc
24,993
2,754
*
Xeris
Biopharma
Holdings,
Inc
4,296
616
*
Y-mAbs
Therapeutics,
Inc
8,883
788
*
Zentalis
Pharmaceuticals,
Inc
17,068
8,074
Zoetis,
Inc
1,197,293
966
*,†
Zogenix,
Inc
657
TOTAL
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
52,799,333
REAL
ESTATE
-
3
.3
%
1,492
Acadia
Realty
Trust
18,829
1,175
Agree
Realty
Corp
79,406
1,021
Alexander
&
Baldwin,
Inc
16,928
57
Alexander's,
Inc
11,911
2,778
Alexandria
Real
Estate
Equities,
Inc
389,448
714
American
Assets
Trust,
Inc
18,364
1,878
American
Finance
Trust,
Inc
11,043
4,773
American
Homes
4
Rent
156,602
7,882
American
Tower
Corp
1,692,265
4,437
Americold
Realty
Trust
109,150
2,744
Apartment
Income
REIT
Corp
105,973
1,848
Apartment
Investment
and
Management
Co
13,490
4,063
Apple
Hospitality
REIT,
Inc
57,126
1,769
Armada
Hoffler
Properties,
Inc
18,362
888
*
Ashford
Hospitality
Trust,
Inc
6,047
2,397
AvalonBay
Communities,
Inc
441,503
428
Bluerock
Residential
Growth
REIT,
Inc
11,449
2,732
Boston
Properties,
Inc
204,818
1,429
BraeMar
Hotels
&
Resorts,
Inc
6,145
2,649
Brandywine
Realty
Trust
17,881
5,352
Brixmor
Property
Group,
Inc
98,851
2,559
Broadstone
Net
Lease,
Inc
39,741
572
Brt
Realty
Trust
11,617
1,599
Camden
Property
Trust
191,001
1,679
CareTrust
REIT,
Inc
30,407
493
CBL
&
Associates
Properties,
Inc
12,626
5,555
CBRE
Group,
Inc
375,018
275
Centerspace
18,513
919
*
Chatham
Lodging
Trust
9,071
707
City
Office
REIT,
Inc
7,049
588
Clipper
Realty,
Inc
4,098
544
Community
Healthcare
Trust,
Inc
17,816
4,824
*,e
Compass,
Inc
11,192
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Stock
Index
Fund
September
30,
2022
70
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
REAL
ESTATE—continued
2,132
Corporate
Office
Properties
Trust
$
49,526
2,578
Cousins
Properties,
Inc
60,196
7,329
Crown
Castle
International
Corp
1,059,407
273
CTO
Realty
Growth,
Inc
5,116
3,658
CubeSmart
146,539
2,415
*
Cushman
&
Wakefield
plc
27,652
3,453
DiamondRock
Hospitality
Co
25,932
4,847
Digital
Realty
Trust,
Inc
480,725
2,419
DigitalBridge
Group,
Inc
30,262
4,896
Diversified
Healthcare
Trust
4,848
2,671
*,e
Doma
Holdings,
Inc
1,174
1,341
Douglas
Elliman,
Inc
5,498
2,632
Douglas
Emmett,
Inc
47,192
6,484
Duke
Realty
Corp
312,529
1,427
Easterly
Government
Properties,
Inc
22,504
673
EastGroup
Properties,
Inc
97,141
3,012
Empire
State
Realty
Trust,
Inc
19,759
1,375
EPR
Properties
49,307
1,553
Equinix,
Inc
883,409
1,868
Equity
Commonwealth
45,504
3,060
Equity
Lifestyle
Properties,
Inc
192,290
6,436
Equity
Residential
432,628
1,947
Essential
Properties
Realty
Trust,
Inc
37,869
1,143
Essex
Property
Trust,
Inc
276,869
1,235
e
eXp
World
Holdings
Inc
13,844
2,226
Extra
Space
Storage,
Inc
384,452
729
Farmland
Partners,
Inc
9,236
1,347
Federal
Realty
Investment
Trust
121,392
1,998
First
Industrial
Realty
Trust,
Inc
89,530
240
*
Forestar
Group,
Inc
2,686
1,235
Four
Corners
Property
Trust,
Inc
29,875
1,621
Franklin
Street
Properties
Corp
4,263
102
*
FRP
Holdings,
Inc
5,545
3,874
Gaming
and
Leisure
Properties,
Inc
171,386
763
Getty
Realty
Corp
20,517
475
Gladstone
Commercial
Corp
7,362
687
Gladstone
Land
Corp
12,435
1,151
Global
Medical
REIT,
Inc
9,807
1,848
Global
Net
Lease,
Inc
19,681
6,024
Healthcare
Realty
Trust,
Inc
125,600
9,296
Healthpeak
Properties
Inc
213,064
697
Hersha
Hospitality
Trust
5,562
1,796
Highwoods
Properties,
Inc
48,420
12,302
Host
Hotels
and
Resorts,
Inc
195,356
692
*
Howard
Hughes
Corp
38,330
2,438
Hudson
Pacific
Properties
26,696
3,525
Independence
Realty
Trust,
Inc
58,973
50
Indus
Realty
Trust,
Inc
2,618
1,471
Industrial
Logistics
Properties
Trust
8,091
439
Innovative
Industrial
Properties,
Inc
38,852
1,002
InvenTrust
Properties
Corp
21,373
10,054
Invitation
Homes,
Inc
339,524
4,939
Iron
Mountain,
Inc
217,168
1,070
iStar
Inc
9,908
2,053
JBG
SMITH
Properties
38,145
843
*
Jones
Lang
LaSalle,
Inc
127,352
2,137
Kennedy-Wilson
Holdings,
Inc
33,038
1,970
Kilroy
Realty
Corp
82,957
10,503
Kimco
Realty
Corp
193,360
3,663
Kite
Realty
Group
Trust
63,077
1,519
Lamar
Advertising
Co
125,302
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Stock
Index
Fund
September
30,
2022
71
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
REAL
ESTATE—continued
5,428
Lexington
Realty
Trust
$
49,720
1,362
Life
Storage,
Inc
150,855
917
LTC
Properties,
Inc
34,342
3,615
Macerich
Co
28,703
1,437
*
Mack-Cali
Realty
Corp
16,339
406
Marcus
&
Millichap,
Inc
13,309
9,560
Medical
Properties
Trust,
Inc
113,382
1,928
Mid-America
Apartment
Communities,
Inc
298,975
885
National
Health
Investors,
Inc
50,029
3,311
National
Retail
Properties,
Inc
131,976
1,216
National
Storage
Affiliates
Trust
50,561
652
NETSTREIT
Corp
11,612
2,520
Newmark
Group,
Inc
20,311
478
NexPoint
Residential
Trust,
Inc
22,088
965
Office
Properties
Income
Trust
13,558
3,987
Omega
Healthcare
Investors,
Inc
117,577
254
One
Liberty
Properties,
Inc
5,339
8,055
*,e
Opendoor
Technologies,
Inc
25,051
914
Orion
Office
REIT,
Inc
7,998
2,712
Outfront
Media,
Inc
41,195
3,099
Paramount
Group,
Inc
19,307
4,260
Park
Hotels
&
Resorts,
Inc
47,968
2,135
Pebblebrook
Hotel
Trust
30,979
1,776
Phillips
Edison
&
Co,
Inc
49,817
3,336
Physicians
Realty
Trust
50,173
2,219
Piedmont
Office
Realty
Trust,
Inc
23,433
445
Plymouth
Industrial
REIT,
Inc
7,480
255
Postal
Realty
Trust,
Inc
3,741
1,459
PotlatchDeltic
Corp
59,877
12,715
Prologis,
Inc
1,291,844
2,624
Public
Storage,
Inc
768,333
2,525
Rayonier,
Inc
75,674
349
Re/Max
Holdings,
Inc
6,600
2,208
*
Realogy
Holdings
Corp
17,907
10,257
Realty
Income
Corp
596,957
2,098
*,e
Redfin
Corp
12,252
2,945
Regency
Centers
Corp
158,588
2,533
Retail
Opportunities
Investment
Corp
34,854
2,722
Rexford
Industrial
Realty,
Inc
141,544
3,244
RLJ
Lodging
Trust
32,829
497
RMR
Group,
Inc
11,774
1,201
RPT
Realty
9,080
875
Ryman
Hospitality
Properties
64,391
3,697
Sabra
Healthcare
REIT,
Inc
48,505
319
Safehold,
Inc
8,441
370
Saul
Centers,
Inc
13,875
1,869
SBA
Communications
Corp
532,011
793
*
Seritage
Growth
Properties
7,153
3,197
Service
Properties
Trust
16,592
5,663
Simon
Property
Group,
Inc
508,254
2,580
SITE
Centers
Corp
27,632
1,292
SL
Green
Realty
Corp
51,887
2,053
Spirit
Realty
Capital,
Inc
74,236
747
St.
Joe
Co
23,926
2,713
STAG
Industrial,
Inc
77,131
3,908
STORE
Capital
Corp
122,438
152
Stratus
Properties,
Inc
3,542
2,137
Summit
Hotel
Properties,
Inc
14,361
1,974
Sun
Communities,
Inc
267,141
4,344
Sunstone
Hotel
Investors,
Inc
40,920
1,735
Tanger
Factory
Outlet
Centers,
Inc
23,735
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Stock
Index
Fund
September
30,
2022
72
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
REAL
ESTATE—continued
268
*
Tejon
Ranch
Co
$
3,859
1,413
Terreno
Realty
Corp
74,875
52
*
Transcontinental
Realty
Investors,
Inc
2,098
5,209
UDR,
Inc
217,267
567
UMH
Properties,
Inc
9,157
3,661
Uniti
Group,
Inc
25,444
198
Universal
Health
Realty
Income
Trust
8,556
2,537
Urban
Edge
Properties
33,844
1,302
Urstadt
Biddle
Properties,
Inc
(Class
A)
20,194
6,969
Ventas,
Inc
279,945
16,059
VICI
Properties,
Inc
479,361
3,062
Vornado
Realty
Trust
70,916
1,848
Washington
REIT
32,451
7,780
Welltower,
Inc
500,410
2,135
*,e
WeWork,
Inc
5,658
12,934
Weyerhaeuser
Co
369,395
550
Whitestone
REIT
4,653
3,079
WP
Carey,
Inc
214,914
2,302
Xenia
Hotels
&
Resorts,
Inc
31,745
1,056
*
Zillow
Group,
Inc
(Class
A)
30,233
2,878
*
Zillow
Group,
Inc
(Class
C)
82,340
TOTAL
REAL
ESTATE
20,519,810
RETAILING
-
5
.7
%
426
*
1-800-FLOWERS.COM,
Inc
(Class
A)
2,765
591
*
1stdibs.com,
Inc
3,717
667
Aaron's
Co,
Inc
6,483
912
*
Abercrombie
&
Fitch
Co
(Class
A)
14,182
1,229
Academy
Sports
&
Outdoors,
Inc
51,839
1,052
Advance
Auto
Parts,
Inc
164,470
151,523
*
Amazon.com,
Inc
17,122,099
2,547
American
Eagle
Outfitters,
Inc
24,782
122
*
America's
Car-Mart,
Inc
7,444
1,783
Arko
Corp
16,742
346
*
Asbury
Automotive
Group,
Inc
52,281
695
*
Autonation,
Inc
70,800
333
*
AutoZone,
Inc
713,263
1,577
*
BARK,
Inc
2,870
4,095
Bath
&
Body
Works,
Inc
133,497
1,949
*,e
Bed
Bath
&
Beyond,
Inc
11,869
3,440
Best
Buy
Co,
Inc
217,890
365
e
Big
5
Sporting
Goods
Corp
3,920
638
e
Big
Lots,
Inc
9,959
455
*
Boot
Barn
Holdings,
Inc
26,599
526
Buckle,
Inc
16,653
200
Build-A-Bear
Workshop,
Inc
2,666
1,130
*
Burlington
Stores,
Inc
126,436
639
Caleres,
Inc
15,477
670
Camping
World
Holdings,
Inc
16,964
2,760
*
CarMax,
Inc
182,215
961
*
CarParts.com,
Inc
4,968
1,750
*,e
Carvana
Co
35,525
368
Cato
Corp
(Class
A)
3,511
2,088
*
Chico's
FAS,
Inc
10,106
288
*
Children's
Place,
Inc
8,896
207
*
Citi
Trends,
Inc
3,211
291
*
Conn's,
Inc
2,060
508
*
Container
Store
Group,
Inc
2,489
10,132
*
ContextLogic,
Inc
7,436
1,238
Designer
Brands,
Inc
18,954
919
*
Destination
XL
Group,
Inc
4,981
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Stock
Index
Fund
September
30,
2022
73
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
RETAILING—continued
954
Dick's
Sporting
Goods,
Inc
$
99,827
77
Dillard's,
Inc
(Class
A)
21,003
3,897
Dollar
General
Corp
934,734
3,623
*
Dollar
Tree,
Inc
493,090
4,249
*
DoorDash,
Inc
210,113
144
*
Duluth
Holdings,
Inc
1,014
9,663
eBay,
Inc
355,695
2,188
*
Etsy,
Inc
219,084
1,112
*,e
EVgo,
Inc
8,796
961
*
Express
Parent
LLC
1,047
969
*
Five
Below,
Inc
133,402
1,672
*
Floor
&
Decor
Holdings,
Inc
117,475
1,404
Foot
Locker,
Inc
43,707
429
Franchise
Group,
Inc
10,425
389
*
Funko,
Inc
7,866
4,552
*,e
GameStop
Corp
(Class
A)
114,392
3,094
e
Gap,
Inc
25,402
313
*
Genesco,
Inc
12,307
2,363
Genuine
Parts
Co
352,843
290
Group
1
Automotive,
Inc
41,432
354
*,e
Groupon,
Inc
2,818
934
*,e
GrowGeneration
Corp
3,269
707
Guess?,
Inc
10,372
286
Haverty
Furniture
Cos,
Inc
7,121
269
Hibbett
Sports,
Inc
13,399
17,613
Home
Depot,
Inc
4,860,131
2,193
Kohl's
Corp
55,154
221
*
Lands'
End,
Inc
1,706
2,409
*,e
Leslie's,
Inc
35,436
484
*
Liquidity
Services,
Inc
7,870
472
Lithia
Motors,
Inc
(Class
A)
101,268
4,343
LKQ
Corp
204,772
10,924
Lowe's
Companies,
Inc
2,051,636
442
*
Lumber
Liquidators,
Inc
3,063
4,862
Macy's,
Inc
76,188
389
*
MarineMax,
Inc
11,588
566
Monro
Muffler,
Inc
24,598
343
Murphy
USA,
Inc
94,294
1,477
*
National
Vision
Holdings,
Inc
48,224
1,826
e
Nordstrom,
Inc
30,549
797
*
ODP
Corp
28,015
1,041
*
Ollie's
Bargain
Outlet
Holdings,
Inc
53,716
180
*
OneWater
Marine,
Inc
5,420
1,062
*
O'Reilly
Automotive,
Inc
746,958
752
*
Overstock.com,
Inc
18,311
512
Penske
Auto
Group,
Inc
50,396
1,122
*
Petco
Health
&
Wellness
Co,
Inc
12,522
306
PetMed
Express,
Inc
5,973
667
Pool
Corp
212,246
1,286
*,e
Porch
Group,
Inc
2,893
815
*
Poshmark,
Inc
12,771
1,517
*
Quotient
Technology,
Inc
3,504
6,780
Qurate
Retail
Group,
Inc
QVC
Group
13,628
1,403
*
RealReal,
Inc
2,105
1,063
*,e
Rent
the
Runway,
Inc
2,339
1,084
Rent-A-Center,
Inc
18,981
610
*,e
Revolve
Group,
Inc
13,231
318
*
RH
78,250
5,850
Ross
Stores,
Inc
492,979
178
*,e
RumbleON,
Inc
3,012
2,062
*
Sally
Beauty
Holdings,
Inc
25,981
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Stock
Index
Fund
September
30,
2022
74
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
RETAILING—continued
406
Shoe
Carnival,
Inc
$
8,705
366
Shutterstock,
Inc
18,362
819
Signet
Jewelers
Ltd
46,839
441
*
Sleep
Number
Corp
14,910
455
Sonic
Automotive,
Inc
(Class
A)
19,701
689
*
Sportsman's
Warehouse
Holdings,
Inc
5,719
1,508
*
Stitch
Fix
Inc
5,957
7,871
Target
Corp
1,167,978
1,347
*
ThredUp,
Inc
2,478
297
Tilly's,
Inc
2,055
19,929
TJX
Companies,
Inc
1,237,989
1,905
Tractor
Supply
Co
354,101
232
*
TravelCenters
of
America,
Inc
12,512
859
*
Ulta
Beauty,
Inc
344,622
1,237
*
Urban
Outfitters,
Inc
24,307
1,365
*
Victoria's
Secret
&
Co
39,749
448
Vivid
Seats,
Inc
3,432
2,078
*,e
Volta,
Inc
2,514
1,287
*
Warby
Parker,
Inc
17,169
1,297
*,e
Wayfair,
Inc
42,217
1,203
Williams-Sonoma,
Inc
141,774
37
Winmark
Corp
8,005
576
*
Xometry,
Inc
32,711
314
*
Zumiez,
Inc
6,760
TOTAL
RETAILING
35,330,926
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
-
4
.3
%
759
*
ACM
Research,
Inc
9,457
27,549
*
Advanced
Micro
Devices,
Inc
1,745,505
932
*
Allegro
MicroSystems,
Inc
20,364
302
*
Alpha
&
Omega
Semiconductor
Ltd
9,289
567
*
Ambarella,
Inc
31,854
1,455
Amkor
Technology,
Inc
24,808
8,887
Analog
Devices,
Inc
1,238,315
14,847
Applied
Materials,
Inc
1,216,415
320
*,e
Atomera,
Inc
3,242
510
*
Axcelis
Technologies,
Inc
30,886
582
*
AXT,
Inc
3,899
6,747
Broadcom,
Inc
2,995,735
333
*
Ceva,
Inc
8,735
1,003
*
Cirrus
Logic,
Inc
69,006
772
*
Cohu,
Inc
19,902
1,608
*,e
Credo
Technology
Group
Holding
Ltd
17,688
97
*
CyberOptics
Corp
5,217
836
*
Diodes,
Inc
54,265
2,241
*
Enphase
Energy,
Inc
621,810
2,553
Entegris,
Inc
211,950
1,763
*
First
Solar,
Inc
233,192
1,150
*
Formfactor,
Inc
28,807
991
*,e
GLOBALFOUNDRIES,
Inc
47,915
434
*
Ichor
Holdings
Ltd
10,507
346
*
Impinj,
Inc
27,690
1,578
*,e
indie
Semiconductor,
Inc
11,551
69,354
Intel
Corp
1,787,253
2,431
KLA
Corp
735,693
970
Kulicke
&
Soffa
Industries,
Inc
37,374
2,339
Lam
Research
Corp
856,074
2,478
*
Lattice
Semiconductor
Corp
121,942
799
*
MACOM
Technology
Solutions
Holdings,
Inc
41,380
14,438
Marvell
Technology,
Inc
619,535
1,137
*
MaxLinear,
Inc
37,089
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Stock
Index
Fund
September
30,
2022
75
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT—continued
9,072
Microchip
Technology,
Inc
$
553,664
18,823
Micron
Technology,
Inc
943,032
1,013
MKS
Instruments,
Inc
83,714
785
Monolithic
Power
Systems,
Inc
285,269
943
*
Nanometrics,
Inc
60,399
41,076
NVIDIA
Corp
4,986,216
7,472
*
ON
Semiconductor
Corp
465,730
409
*
PDF
Solutions,
Inc
10,033
1,020
*
Photronics,
Inc
14,912
990
Power
Integrations,
Inc
63,677
1,887
*
Qorvo,
Inc
149,847
19,108
QUALCOMM,
Inc
2,158,822
2,225
*
Rambus,
Inc
56,559
463
*
Rigetti
Computing,
Inc
870
1,815
*
Rockley
Photonics
Holdings
Ltd
1,289
1,200
*
Semtech
Corp
35,292
653
*
Silicon
Laboratories,
Inc
80,606
272
*
SiTime
Corp
21,415
106
*,e
SkyWater
Technology,
Inc
811
2,765
Skyworks
Solutions,
Inc
235,772
592
*
SMART
Global
Holdings,
Inc
9,395
1,332
*,e
SunPower
Corp
30,689
653
*
Synaptics,
Inc
64,653
2,737
Teradyne,
Inc
205,686
15,715
Texas
Instruments,
Inc
2,432,368
398
*
Transphorm,
Inc
2,002
789
*
Ultra
Clean
Holdings
20,317
754
Universal
Display
Corp
71,140
729
*
Veeco
Instruments,
Inc
13,355
1,949
*
Wolfspeed,
Inc
201,449
TOTAL
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
26,193,327
SOFTWARE
&
SERVICES
-
13
.1
%
1,702
*
8x8,
Inc
5,872
978
A10
Networks,
Inc
12,978
10,813
Accenture
plc
2,782,185
2,058
*
ACI
Worldwide,
Inc
43,012
8,060
*
Adobe,
Inc
2,218,112
2,975
*,e
Affirm
Holdings,
Inc
55,811
400
*
Agilysys,
Inc
22,140
2,729
*
Akamai
Technologies,
Inc
219,193
790
*
Alarm.com
Holdings,
Inc
51,239
641
*,e
Alkami
Technology,
Inc
9,647
708
*
Altair
Engineering,
Inc
31,308
994
*
Alteryx,
Inc
55,505
2,168
Amdocs
Ltd
172,248
370
American
Software,
Inc
(Class
A)
5,668
894
*,e
Amplitude,
Inc
13,830
1,525
*
Ansys,
Inc
338,093
306
*
Appfolio,
Inc
32,044
674
*,e
Appian
Corp
27,519
3,826
*,e
AppLovin
Corp
74,569
350
*
Arteris,
Inc
2,331
1,244
*,e
Asana,
Inc
27,654
492
*
Aspen
Technology,
Inc
117,194
2,365
*
Atlassian
Corp
plc
498,045
3,745
*
Autodesk,
Inc
699,566
7,121
Automatic
Data
Processing,
Inc
1,610,699
1,410
*
Avalara,
Inc
129,438
2,036
*
AvePoint,
Inc
8,164
2,445
*
AvidXchange
Holdings,
Inc
20,587
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Stock
Index
Fund
September
30,
2022
76
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
SOFTWARE
&
SERVICES—continued
527
*
Benefitfocus,
Inc
$
3,346
2,759
Bentley
Systems,
Inc
84,398
1,087
*
BigCommerce
Holdings,
Inc
16,088
1,647
*
Bill.Com
Holdings,
Inc
218,013
2,568
*
Black
Knight,
Inc
166,227
919
*
Blackbaud,
Inc
40,491
875
*
Blackline,
Inc
52,413
3,507
*
Blend
Labs,
Inc
7,750
8,961
*
Block,
Inc
492,765
2,369
*
Box,
Inc
57,780
829
Bread
Financial
Holdings,
Inc
26,072
653
*
Brightcove,
Inc
4,114
1,981
Broadridge
Financial
Solutions,
Inc
285,898
1,775
*
BTRS
Holdings,
Inc
16,437
1,024
*,e
C3.ai,
Inc
12,800
4,697
*
Cadence
Design
Systems,
Inc
767,631
923
*
Cantaloupe,
Inc
3,212
222
Cass
Information
Systems,
Inc
7,701
2,611
*
CCC
Intelligent
Solutions
Holdings,
Inc
23,760
810
*
Cerberus
Cyber
Sentinel
Corp
2,390
664
*
Cerence
Inc
10,458
2,180
*
Ceridian
HCM
Holding,
Inc
121,818
499
*
ChannelAdvisor
Corp
11,307
2,198
Citrix
Systems,
Inc
228,592
600
*,e
Cleanspark,
Inc
1,908
1,045
*,e
Clear
Secure,
Inc
23,889
4,715
*
Cloudflare,
Inc
260,787
8,916
Cognizant
Technology
Solutions
Corp
(Class
A)
512,135
679
*
Commvault
Systems,
Inc
36,014
752
Concentrix
Corp
83,946
3,045
*
Conduent,
Inc
10,170
2,093
*
Confluent,
Inc
49,751
265
*
Consensus
Cloud
Solutions,
Inc
12,535
3,467
*,e
Core
Scientific,
Inc
4,507
485
*
Couchbase,
Inc
6,921
1,237
*
Coupa
Software,
Inc
72,736
3,558
*
Crowdstrike
Holdings,
Inc
586,394
430
*,e
CS
Disco,
Inc
4,300
520
CSG
Systems
International,
Inc
27,498
1,339
*
Cvent
Holding
Corp
7,030
609
*
Cyxtera
Technologies,
Inc
2,485
4,505
*
Datadog,
Inc
399,954
348
*,e
Digimarc
Corp
4,715
1,549
*
Digital
Turbine,
Inc
22,321
1,273
*
DigitalOcean
Holdings,
Inc
46,044
3,281
*
DocuSign,
Inc
175,435
1,151
Dolby
Laboratories,
Inc
(Class
A)
74,988
549
*
Domo,
Inc
9,877
1,002
*
DoubleVerify
Holdings,
Inc
27,405
5,083
*
Dropbox,
Inc
105,320
1,275
*
Duck
Creek
Technologies,
Inc
15,109
4,238
*
DXC
Technology
Co
103,746
3,263
*
Dynatrace,
Inc
113,585
3,144
*
E2open
Parent
Holdings,
Inc
19,084
387
Ebix,
Inc
7,341
543
*
eGain
Corp
3,991
1,268
*
Elastic
NV
90,966
349
*
Enfusion,
Inc
4,307
562
*
EngageSmart,
Inc
11,628
884
*
Envestnet,
Inc
39,250
940
*
EPAM
Systems,
Inc
340,459
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Stock
Index
Fund
September
30,
2022
77
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
SOFTWARE
&
SERVICES—continued
849
*
Euronet
Worldwide,
Inc
$
64,320
638
*
Everbridge,
Inc
19,701
472
*
EverCommerce,
Inc
5,159
941
EVERTEC,
Inc
29,500
774
*
Evo
Payments,
Inc
25,774
511
*
ExlService
Holdings,
Inc
75,301
439
*
Fair
Isaac
Corp
180,872
1,817
*
Fastly,
Inc
16,644
10,411
Fidelity
National
Information
Services,
Inc
786,759
10,184
*
Fiserv,
Inc
952,917
1,139
*
Five9,
Inc
85,402
1,300
*
FleetCor
Technologies,
Inc
229,021
1,015
*
Flywire
Corp
23,304
503
*
ForgeRock,
Inc
7,309
11,265
*
Fortinet,
Inc
553,449
1,347
*
Gartner,
Inc
372,701
3,194
Genpact
Ltd
139,801
4,712
Global
Payments,
Inc
509,132
671
*
Globant
S.A.
125,531
2,799
*
GoDaddy,
Inc
198,393
699
*
Grid
Dynamics
Holdings,
Inc
13,092
1,428
*
Guidewire
Software,
Inc
87,936
450
Hackett
Group,
Inc
7,974
770
*
HubSpot,
Inc
207,992
280
*
I3
Verticals,
Inc
5,608
112
*
IBEX
Ltd
2,080
477
*
Informatica,
Inc
9,573
412
Information
Services
Group,
Inc
1,961
227
*
Instructure
Holdings,
Inc
5,058
291
*
Intapp,
Inc
5,433
539
InterDigital,
Inc
21,786
15,297
International
Business
Machines
Corp
1,817,437
339
*
International
Money
Express
Inc
7,726
4,677
Intuit,
Inc
1,811,496
1,261
*
IronNet,
Inc
869
1,263
Jack
Henry
&
Associates,
Inc
230,207
1,086
*
Jamf
Holding
Corp
24,066
1,353
*,e
Kaleyra,
Inc
1,312
1,215
*
KnowBe4,
Inc
25,284
3,094
*
Kyndryl
Holdings,
Inc
25,587
2,256
*,e
Latch,
Inc
2,151
2,061
*
Limelight
Networks,
Inc
5,730
1,122
*
Liveperson,
Inc
10,569
1,208
*
LiveRamp
Holdings,
Inc
21,937
1,296
*,e
LiveVox
Holdings,
Inc
3,823
1,102
*
Manhattan
Associates,
Inc
146,599
1,642
*,e
Marathon
Digital
Holdings,
Inc
17,586
7,301
*
Marqeta,
Inc
51,983
14,681
Mastercard,
Inc
(Class
A)
4,174,396
3,747
*
Matterport,
Inc
14,201
1,185
MAXIMUS,
Inc
68,576
365
*
MeridianLink,
Inc
5,942
127,589
Microsoft
Corp
29,715,478
157
*,e
MicroStrategy,
Inc
(Class
A)
33,325
781
*
Mitek
Systems,
Inc
7,154
704
*
Model
N,
Inc
24,098
1,365
*
MoneyGram
International,
Inc
14,196
1,092
*
MongoDB,
Inc
216,828
1,055
*
N-Able,
Inc
9,738
1,156
*,e
nCino
OpCo,
Inc
39,431
2,313
*
NCR
Corp
43,970
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Stock
Index
Fund
September
30,
2022
78
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
SOFTWARE
&
SERVICES—continued
885
*
New
Relic,
Inc
$
50,781
1,018
*
NextNav,
Inc
2,738
9,648
NortonLifelock,
Inc
194,311
3,547
*
Nutanix,
Inc
73,884
2,511
*
Okta,
Inc
142,801
1,468
*,e
Olo,
Inc
11,597
710
*
ON24,
Inc
6,248
634
*
OneSpan,
Inc
5,459
25,840
Oracle
Corp
1,578,049
1,327
*
Pagerduty,
Inc
30,614
30,694
*
Palantir
Technologies,
Inc
249,542
4,989
*
Palo
Alto
Networks,
Inc
817,148
1,026
*
Paya
Holdings,
Inc
6,269
5,432
Paychex,
Inc
609,525
896
*
Paycom
Software,
Inc
295,671
779
*
Paycor
HCM,
Inc
23,027
665
*
Paylocity
Holding
Corp
160,651
3,424
*
Payoneer
Global,
Inc
20,715
19,779
*
PayPal
Holdings,
Inc
1,702,379
7,813
*
Paysafe
Ltd
10,782
748
Pegasystems,
Inc
24,041
509
*
Perficient,
Inc
33,095
203
*
PFSweb,
Inc
1,892
1,198
*
Ping
Identity
Holding
Corp
33,628
1,155
*
Procore
Technologies,
Inc
57,149
766
Progress
Software
Corp
32,593
671
*
PROS
Holdings,
Inc
16,574
1,840
*
PTC,
Inc
192,464
877
*
Q2
Holdings,
Inc
28,239
667
*
Qualys,
Inc
92,973
738
*,e
Rackspace
Technology,
Inc
3,011
930
*
Rapid7,
Inc
39,897
1,393
*
Remitly
Global,
Inc
15,490
1,337
*
Repay
Holdings
Corp
9,439
1,545
*
Rimini
Street,
Inc
7,200
1,417
*
RingCentral,
Inc
56,623
1,957
*,e
Riot
Blockchain,
Inc
13,719
1,821
Roper
Technologies,
Inc
654,904
5,391
*
Sabre
Corp
27,764
16,369
*
Salesforce,
Inc
2,354,517
433
Sapiens
International
Corp
NV
8,305
96
*
SecureWorks
Corp
773
3,132
*
SentinelOne,
Inc
80,054
3,429
*
ServiceNow,
Inc
1,294,825
854
*
Shift4
Payments,
Inc
38,097
307
*
ShotSpotter,
Inc
8,829
2,057
*
Smartsheet,
Inc
70,679
5,219
*
Snowflake,
Inc
887,021
668
*
SolarWinds
Corp
5,177
2,799
*
Splunk,
Inc
210,485
904
*
Sprout
Social,
Inc
54,855
599
*
SPS
Commerce,
Inc
74,414
519
*,e
Squarespace,
Inc
11,086
3,873
SS&C
Technologies
Holdings,
Inc
184,936
4,668
*
StoneCo
Ltd
44,486
1,401
*
Sumo
Logic,
Inc
10,508
2,089
*
SVMK,
Inc
12,137
2,349
Switch,
Inc
79,138
2,617
*
Synopsys,
Inc
799,520
904
*
Telos
Corp
8,037
1,778
*
Tenable
Holdings,
Inc
61,874
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Stock
Index
Fund
September
30,
2022
79
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
SOFTWARE
&
SERVICES—continued
1,844
*
Teradata
Corp
$
57,275
4,196
*
Toast,
Inc
70,157
7,448
*
Trade
Desk,
Inc
445,018
369
TTEC
Holdings,
Inc
16,350
143
*
Tucows,
Inc
5,350
1,255
*
Turing
Holding
Corp
13,165
2,852
*
Twilio,
Inc
197,187
718
*
Tyler
Technologies,
Inc
249,505
6,303
*
UiPath,
Inc
79,481
1,098
*
Unisys
Corp
8,290
3,542
*
Unity
Software,
Inc
112,848
395
*
Upland
Software,
Inc
3,211
826
*
UserTesting,
Inc
3,238
1,710
*
Varonis
Systems,
Inc
45,349
1,154
*
Verint
Systems,
Inc
38,751
1,657
*
VeriSign,
Inc
287,821
988
*,e
Veritone,
Inc
5,562
2,291
*
Verra
Mobility
Corp
35,213
187
*
Viant
Technology,
Inc
787
28,071
Visa,
Inc
(Class
A)
4,986,813
3,584
VMware,
Inc
(Class
A)
381,553
6,792
Western
Union
Co
91,692
739
*
WEX,
Inc
93,809
902
*
Wix.com
Ltd
70,563
1,259
*
WM
Technology,
Inc
2,027
3,317
*
Workday,
Inc
504,914
767
*
Workiva,
Inc
59,673
1,753
*
Yext,
Inc
7,818
2,019
*
Zendesk,
Inc
153,646
1,875
*,e
Zeta
Global
Holdings
Corp
12,394
4,272
*
Zoom
Video
Communications,
Inc
314,376
1,385
*
Zscaler,
Inc
227,652
1,687
*
Zuora
Inc
12,450
TOTAL
SOFTWARE
&
SERVICES
80,832,398
TECHNOLOGY
HARDWARE
&
EQUIPMENT
-
7
.6
%
2,107
*
3D
Systems
Corp
16,814
380
*
908
Devices,
Inc
6,251
806
ADTRAN
Holdings,
Inc
15,781
617
Advanced
Energy
Industries,
Inc
47,762
1,957
*
Aeva
Technologies,
Inc
3,660
1,341
*,e
Akoustis
Technologies,
Inc
3,983
10,075
Amphenol
Corp
(Class
A)
674,622
260,678
Apple,
Inc
36,025,700
4,063
*
Arista
Networks,
Inc
458,672
1,538
*
Arlo
Technologies,
Inc
7,136
1,135
*
Arrow
Electronics,
Inc
104,636
170
*
Aviat
Networks,
Inc
4,655
612
*
Avid
Technology,
Inc
14,235
1,668
Avnet,
Inc
60,248
438
Badger
Meter,
Inc
40,467
636
Belden
CDT,
Inc
38,173
773
Benchmark
Electronics,
Inc
19,155
909
*
Calix,
Inc
55,576
141
*
Cambium
Networks
Corp
2,386
1,029
*
Casa
Systems,
Inc
3,221
2,317
CDW
Corp
361,637
2,665
*
Ciena
Corp
107,746
70,924
Cisco
Systems,
Inc
2,836,960
153
*
Clearfield,
Inc
16,010
2,887
Cognex
Corp
119,666
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Stock
Index
Fund
September
30,
2022
80
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
TECHNOLOGY
HARDWARE
&
EQUIPMENT—continued
2,152
*
Coherent
Corp
$
74,997
3,317
*
CommScope
Holding
Co,
Inc
30,550
356
Comtech
Telecommunications
Corp
3,564
12,918
Corning,
Inc
374,880
426
*,e
Corsair
Gaming,
Inc
4,835
485
CTS
Corp
20,200
4,541
Dell
Technologies,
Inc
155,166
400
*
Digi
International,
Inc
13,828
284
*
DZS,
Inc
3,209
830
*,e
Eastman
Kodak
Co
3,810
404
*
ePlus,
Inc
16,782
1,500
*
Evolv
Technologies
Holdings,
Inc
3,180
1,698
*
Extreme
Networks,
Inc
22,193
1,062
*
F5
Networks,
Inc
153,703
683
*
Fabrinet
65,192
288
*
FARO
Technologies,
Inc
7,903
319
*,e
Focus
Universal,
Inc
2,992
1,256
*
Harmonic,
Inc
16,416
22,442
Hewlett
Packard
Enterprise
Co
268,855
17,965
HP,
Inc
447,688
376
*
Identiv,
Inc
4,715
2,966
*,e
Infinera
Corp
14,355
1,471
*,e
Inseego
Corp
3,045
594
*
Insight
Enterprises,
Inc
48,952
1,889
*
IonQ,
Inc
9,577
631
*
IPG
Photonics
Corp
53,225
678
*
Itron,
Inc
28,551
2,422
Jabil
Inc
139,774
5,587
Juniper
Networks,
Inc
145,932
3,121
*
Keysight
Technologies,
Inc
491,121
548
*
Kimball
Electronics,
Inc
9,398
1,352
*
Knowles
Corp
16,454
1,886
*
Lightwave
Logic,
Inc
13,843
375
Littelfuse,
Inc
74,509
1,153
*
Lumentum
Holdings,
Inc
79,061
569
Methode
Electronics,
Inc
21,138
2,725
*,e
Microvision,
Inc
9,837
1,899
*
Mirion
Technologies,
Inc
14,185
2,823
Motorola
Solutions,
Inc
632,267
342
*
Napco
Security
Technologies,
Inc
9,945
2,304
National
Instruments
Corp
86,953
3,817
NetApp,
Inc
236,081
505
*
Netgear,
Inc
10,120
1,389
*
Netscout
Systems,
Inc
43,503
829
*
nLight,
Inc
7,834
592
*
Novanta,
Inc
68,465
641
*,e
Ondas
Holdings,
Inc
2,372
280
*
OSI
Systems,
Inc
20,177
2,778
*,e
Ouster,
Inc
2,676
404
*,e
PAR
Technology
Corp
11,930
196
PC
Connection,
Inc
8,838
521
*
Plexus
Corp
45,619
4,619
*
Pure
Storage,
Inc
126,422
1,053
*
Ribbon
Communications,
Inc
2,338
262
*
Rogers
Corp
63,373
1,157
*
Sanmina
Corp
53,315
463
*
Scansource,
Inc
12,228
1,918
*,e
SmartRent,
Inc
4,354
764
*
Super
Micro
Computer,
Inc
42,073
765
SYNNEX
Corp
62,110
797
*
Teledyne
Technologies,
Inc
268,964
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Stock
Index
Fund
September
30,
2022
81
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
TECHNOLOGY
HARDWARE
&
EQUIPMENT—continued
4,356
*
Trimble
Inc
$
236,400
1,439
*
TTM
Technologies,
Inc
18,966
301
*
Turtle
Beach
Corp
2,053
125
e
Ubiquiti,
Inc
36,695
3,723
*,e
Velodyne
Lidar,
Inc
3,526
1,095
*
Viasat,
Inc
33,102
4,189
*
Viavi
Solutions,
Inc
54,666
2,099
Vishay
Intertechnology,
Inc
37,341
301
*
Vishay
Precision
Group,
Inc
8,907
2,801
Vontier
Corp
46,805
5,297
*
Western
Digital
Corp
172,417
2,215
Xerox
Holdings
Corp
28,972
901
*
Zebra
Technologies
Corp
(Class
A)
236,071
TOTAL
TECHNOLOGY
HARDWARE
&
EQUIPMENT
46,650,645
TELECOMMUNICATION
SERVICES
-
1
.0
%
184
*
Anterix,
Inc
6,572
122,091
AT&T,
Inc
1,872,876
251
ATN
International,
Inc
9,681
378
*
Bandwidth
Inc
4,498
1,555
*
Charge
Enterprises,
Inc
2,737
772
Cogent
Communications
Group,
Inc
40,268
1,064
*
Consolidated
Communications
Holdings,
Inc
4,426
740
*
EchoStar
Corp
(Class
A)
12,188
3,950
*
Frontier
Communications
Parent,
Inc
92,549
10,525
*,e
Globalstar,
Inc
16,735
987
*
Gogo,
Inc
11,962
350
*
IDT
Corp
(Class
B)
8,691
2,020
*
Iridium
Communications,
Inc
89,627
975
*
KORE
Group
Holdings,
Inc
1,862
681
*
Liberty
Latin
America
Ltd
(Class
A)
4,215
2,483
*
Liberty
Latin
America
Ltd
(Class
C)
15,270
17,584
Lumen
Technologies,
Inc
128,012
365
*
Ooma,
Inc
4,490
1,168
*
Radius
Global
Infrastructure,
Inc
11,003
869
Shenandoah
Telecom
Co
14,790
1,775
Telephone
&
Data
Systems,
Inc
24,673
10,082
*
T-Mobile
US,
Inc
1,352,702
247
*
US
Cellular
Corp
6,429
71,767
Verizon
Communications,
Inc
2,724,993
TOTAL
TELECOMMUNICATION
SERVICES
6,461,249
TRANSPORTATION
-
1
.8
%
1,148
*
Air
Transport
Services
Group,
Inc
27,655
2,129
*
Alaska
Air
Group,
Inc
83,350
268
*
Allegiant
Travel
Co
19,559
141
Amerco,
Inc
71,800
10,876
*
American
Airlines
Group,
Inc
130,947
424
ArcBest
Corp
30,837
421
*
Atlas
Air
Worldwide
Holdings,
Inc
40,235
514
*
Avis
Budget
Group,
Inc
76,308
4,087
*,e
Bird
Global,
Inc
1,442
969
*
Blade
Air
Mobility,
Inc
3,905
2,212
CH
Robinson
Worldwide,
Inc
213,038
554
*
Copa
Holdings
S.A.
(Class
A)
37,124
767
Costamare,
Inc
6,865
185
Covenant
Transportation
Group,
Inc
5,309
36,581
CSX
Corp
974,518
828
*
Daseke,
Inc
4,479
11,126
*
Delta
Air
Lines,
Inc
312,196
220
Eagle
Bulk
Shipping,
Inc
9,500
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Stock
Index
Fund
September
30,
2022
82
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
TRANSPORTATION—continued
556
Eneti,
Inc
$
3,708
2,934
Expeditors
International
of
Washington,
Inc
259,102
4,108
FedEx
Corp
609,915
480
Forward
Air
Corp
43,325
438
*
Frontier
Group
Holdings,
Inc
4,249
497
Genco
Shipping
&
Trading
Ltd
6,227
1,990
Golden
Ocean
Group
Ltd
14,865
1,764
*
GXO
Logistics,
Inc
61,846
905
*
Hawaiian
Holdings,
Inc
11,901
728
Heartland
Express,
Inc
10,418
3,842
*,e
Hertz
Global
Holdings,
Inc
62,548
505
*
Hub
Group,
Inc
(Class
A)
34,835
1,447
JB
Hunt
Transport
Services,
Inc
226,340
5,315
*
JetBlue
Airways
Corp
35,238
4,016
*,e
Joby
Aviation,
Inc
17,389
1,157
*
Kirby
Corp
70,311
2,433
Knight-Swift
Transportation
Holdings,
Inc
119,047
666
Landstar
System,
Inc
96,150
5,019
*
Lyft,
Inc
(Class
A)
66,100
796
Marten
Transport
Ltd
15,251
668
Matson,
Inc
41,095
4,011
Norfolk
Southern
Corp
840,906
1,737
Old
Dominion
Freight
Line
432,113
136
*
PAM
Transportation
Services,
Inc
4,211
580
*
Radiant
Logistics,
Inc
3,300
775
Ryder
System,
Inc
58,505
1,291
Safe
Bulkers,
Inc
3,189
468
*
Saia,
Inc
88,920
932
Schneider
National,
Inc
18,920
802
*
Skywest,
Inc
13,041
10,244
*
Southwest
Airlines
Co
315,925
1,623
Spirit
Airlines,
Inc
30,545
383
*,e
Sun
Country
Airlines
Holdings,
Inc
5,213
2,215
*
TuSimple
Holdings,
Inc
16,834
31,989
*
Uber
Technologies,
Inc
847,708
10,706
Union
Pacific
Corp
2,085,743
5,488
*
United
Airlines
Holdings
Inc
178,525
12,431
United
Parcel
Service,
Inc
(Class
B)
2,008,104
122
Universal
Logistics
Holdings
Inc
3,870
1,147
Werner
Enterprises,
Inc
43,127
2,928
*
Wheels
Up
Experience,
Inc
3,367
1,622
*
XPO
Logistics,
Inc
72,211
TOTAL
TRANSPORTATION
10,933,204
UTILITIES
-
3
.0
%
11,476
AES
Corp
259,358
1,097
Allete,
Inc
54,905
4,194
Alliant
Energy
Corp
222,240
524
*
Altus
Power,
Inc
5,769
4,249
Ameren
Corp
342,257
8,719
American
Electric
Power
Co,
Inc
753,758
745
American
States
Water
Co
58,073
3,189
American
Water
Works
Co,
Inc
415,080
111
Artesian
Resources
Corp
5,341
2,236
Atmos
Energy
Corp
227,737
992
Avangrid,
Inc
41,366
1,326
Avista
Corp
49,128
1,043
Black
Hills
Corp
70,642
1,573
Brookfield
Infrastructure
Corp
64,021
2,251
Brookfield
Renewable
Corp
73,563
934
California
Water
Service
Group
49,213
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Stock
Index
Fund
September
30,
2022
83
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
REFERENCERATE
&
SPREAD
VALUE
UTILITIES—continued
10,119
Centerpoint
Energy,
Inc
$
285,153
358
Chesapeake
Utilities
Corp
41,310
545
Clearway
Energy,
Inc
(Class
A)
15,860
1,281
Clearway
Energy,
Inc
(Class
C)
40,800
4,975
CMS
Energy
Corp
289,744
6,042
Consolidated
Edison,
Inc
518,162
5,659
Constellation
Energy
Corp
470,772
13,999
Dominion
Energy,
Inc
967,471
3,346
DTE
Energy
Co
384,957
12,947
Duke
Energy
Corp
1,204,330
6,251
Edison
International
353,682
3,424
Entergy
Corp
344,557
3,872
Essential
Utilities
Inc
160,223
3,984
Evergy,
Inc
236,650
5,967
Eversource
Energy
465,187
16,521
Exelon
Corp
618,877
9,412
FirstEnergy
Corp
348,244
133
Global
Water
Resources,
Inc
1,560
2,117
Hawaiian
Electric
Industries,
Inc
73,375
960
Idacorp,
Inc
95,050
640
MGE
Energy,
Inc
42,003
240
Middlesex
Water
Co
18,528
1,082
*
Montauk
Renewables,
Inc
18,870
1,427
National
Fuel
Gas
Co
87,832
1,561
New
Jersey
Resources
Corp
60,411
33,574
NextEra
Energy,
Inc
2,632,537
6,737
NiSource,
Inc
169,705
666
Northwest
Natural
Holding
Co
28,891
812
NorthWestern
Corp
40,015
4,112
NRG
Energy,
Inc
157,366
3,276
OGE
Energy
Corp
119,443
919
ONE
Gas,
Inc
64,688
751
e
Ormat
Technologies,
Inc
64,736
743
Otter
Tail
Corp
45,709
26,877
*
PG&E
Corp
335,963
1,897
Pinnacle
West
Capital
Corp
122,376
1,358
PNM
Resources,
Inc
62,101
1,712
Portland
General
Electric
Co
74,404
12,886
PPL
Corp
326,660
8,459
Public
Service
Enterprise
Group,
Inc
475,650
250
*
Pure
Cycle
Corp
2,088
5,404
Sempra
Energy
810,276
505
SJW
Corp
29,088
1,915
South
Jersey
Industries,
Inc
63,999
18,208
Southern
Co
1,238,144
1,078
Southwest
Gas
Holdings
Inc
75,191
880
Spire,
Inc
54,850
1,678
*
Sunnova
Energy
International,
Inc
37,050
3,513
UGI
Corp
113,575
537
Unitil
Corp
24,944
162
e
Via
Renewables,
Inc
1,119
7,448
Vistra
Energy
Corp
156,408
5,438
WEC
Energy
Group,
Inc
486,320
9,168
Xcel
Energy,
Inc
586,752
203
York
Water
Co
7,801
TOTAL
UTILITIES
18,243,908
TOTAL
COMMON
STOCKS
608,164,287
(Cost
$256,117,383)
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Stock
Index
Fund
September
30,
2022
84
TIAA-CREF
Life
Funds
concluded
SHARES
COMPANY
REFERENCERATE
&
SPREAD
EXP
VALUE
EXPIRATION
DATE
RIGHTS/WARRANTS
-
0.0%
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
-
0
.0
%
854
†
Chinook
Therapeutics,
Inc
$
0
145
†
Tobira
Therapeutics,
Inc
9
TOTAL
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
9
TOTAL
RIGHTS/WARRANTS
9
(Cost
$9)
PRINCIPAL
ISSUER
RATE
MATURITY
DATE
SHORT-TERM
INVESTMENTS
-
2.0%
REPURCHASE
AGREEMENT
-
1
.5
%
$
9,220,000
r
Fixed
Income
Clearing
Corp
(FICC)
2
.950
%
10/03/22
9,220,000
TOTAL
REPURCHASE
AGREEMENT
9,220,000
SHARES
COMPANY
EXP
INVESTMENTS
IN
REGISTERED
INVESTMENT
COMPANIES
-
0
.5
%
3,212,904
c
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
3
.070
3,212,904
TOTAL
INVESTMENTS
IN
REGISTERED
INVESTMENT
COMPANIES
3,212,904
TOTAL
SHORT-TERM
INVESTMENTS
12,432,904
(Cost
$12,432,904)
TOTAL
INVESTMENTS
-
101.0%
620,597,200
(Cost
$268,550,296)
OTHER
ASSETS
&
LIABILITIES,
NET
-
(1.0)%
(
6,123,919
)
NET
ASSETS
-
100.0%
$
614,473,281
REIT
Real
Estate
Investment
Trust
*
Non-income
producing
†
Security
is
categorized
as
Level
3
in
the
fair
value
hierarchy.
c
Investments
made
with
cash
collateral
received
from
securities
on
loan.
d
All
or
a
portion
of
these
securities
have
been
segregated
to
cover
margin
requirements
on
open
futures
contracts.
e
All
or
a
portion
of
these
securities
are
out
on
loan.
The
aggregate
value
of
securities
on
loan
is
$3,708,753.
r
Agreement
with
Fixed
Income
Clearing
Corp
(FICC),
2.950%
dated
9/30/22
to
be
repurchased
at
$9,220,000
on
10/3/22,
collateralized
by
Government
Agency
Securities,
with
coupon
rate
0.625%
and
maturity
date
1/15/26,
valued
at
$9,404,450.
Futures
contracts
outstanding
as
of
September
30,
2022
were
as
follows:
Description
Number
of
long
(short)
contracts
Expiration
date
Notional
amount
Value
Unrealized
appreciation
(depreciation)
S&P
500
E
Mini
Index
49
12/16/22
$
9,731,852
$
8,823,675
$
(
908,177
)
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
International
Equity
Fund
September
30,
2022
85
TIAA-CREF
Life
Funds
SHARES
COMPANY
VALUE
COMMON
STOCKS
-
94.3%
AUSTRALIA
-
6
.1
%
55,832
BHP
Billiton
Ltd
$
1,387,878
31,562
Commonwealth
Bank
of
Australia
1,836,117
265,590
Glencore
Xstrata
plc
1,395,679
23,392
Rio
Tinto
plc
1,265,644
24,771
Woodside
Energy
Group
Ltd
506,109
TOTAL
AUSTRALIA
6,391,427
BRAZIL
-
0
.9
%
250,251
Banco
Bradesco
S.A.
(Preference)
920,404
TOTAL
BRAZIL
920,404
DENMARK
-
1
.2
%
10,985
DSV
AS
1,286,864
TOTAL
DENMARK
1,286,864
FINLAND
-
1
.2
%
146,846
Nordea
Bank
Abp
1,254,912
TOTAL
FINLAND
1,254,912
FRANCE
-
10
.0
%
28,365
Airbus
SE
2,445,073
37,561
Compagnie
de
Saint-Gobain
1,343,016
12,312
Essilor
International
S.A.
1,673,482
3,032
Kering
1,344,839
40,751
Total
S.A.
1,911,815
11,202
Valeo
S.A.
169,261
14,811
Vinci
S.A.
1,197,628
44,545
Vivendi
Universal
S.A.
345,516
TOTAL
FRANCE
10,430,630
GERMANY
-
8
.9
%
5,715
Adidas-Salomon
AG.
657,003
54,761
Bayer
AG.
2,523,086
28,350
Deutsche
Post
AG.
854,459
3,252
*
Dr
ING
hc
F
Porsche
AG.
262,938
18,242
HeidelbergCement
AG.
720,635
37,140
RWE
AG.
1,365,117
19,607
Siemens
AG.
1,916,444
8,284
Volkswagen
AG.
(Preference)
1,012,238
TOTAL
GERMANY
9,311,920
HONG
KONG
-
1
.4
%
43,999
Hong
Kong
Exchanges
and
Clearing
Ltd
1,503,992
TOTAL
HONG
KONG
1,503,992
IRELAND
-
1
.5
%
47,373
CRH
plc
1,523,129
TOTAL
IRELAND
1,523,129
ITALY
-
1
.7
%
147,784
Enel
S.p.A.
606,095
29,050
Moncler
S.p.A
1,185,953
TOTAL
ITALY
1,792,048
JAPAN
-
19
.0
%
100,200
Daiichi
Sankyo
Co
Ltd
2,800,675
8,684
Daikin
Industries
Ltd
1,336,198
60,751
*
Hitachi
Ltd
2,585,324
3,100
Keyence
Corp
1,024,737
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
International
Equity
Fund
September
30,
2022
86
TIAA-CREF
Life
Funds
continued
SHARES
COMPANY
VALUE
JAPAN—continued
41,740
Nintendo
Co
Ltd
$
1,683,552
64,600
ORIX
Corp
904,985
51,300
Recruit
Holdings
Co
Ltd
1,477,729
48,600
*
SBI
Holdings,
Inc
872,130
22,300
Shiseido
Co
Ltd
781,552
39,492
Sony
Corp
2,543,854
43,200
Sumitomo
Mitsui
Financial
Group,
Inc
1,197,568
203,015
*
Toyota
Motor
Corp
2,653,496
TOTAL
JAPAN
19,861,800
KOREA,
REPUBLIC
OF
-
0
.6
%
1,787
LG
Chem
Ltd
659,823
TOTAL
KOREA,
REPUBLIC
OF
659,823
NETHERLANDS
-
10
.0
%
4,104
ASML
Holding
NV
1,700,200
16,744
Heineken
NV
1,462,271
155,001
ING
Groep
NV
1,328,115
432,688
Koninklijke
KPN
NV
1,171,011
158,455
Shell
plc
3,930,941
44,545
e
Universal
Music
Group
NV
834,330
TOTAL
NETHERLANDS
10,426,868
NORWAY
-
2
.0
%
61,934
Equinor
ASA
2,042,504
TOTAL
NORWAY
2,042,504
SPAIN
-
1
.2
%
275,254
Banco
Bilbao
Vizcaya
Argentaria
S.A.
1,234,747
TOTAL
SPAIN
1,234,747
SWITZERLAND
-
5
.0
%
2,664
Lonza
Group
AG.
1,297,078
32,176
Novartis
AG.
2,452,999
3,771
Zurich
Insurance
Group
AG
1,503,311
TOTAL
SWITZERLAND
5,253,388
TAIWAN
-
0
.6
%
9,310
Taiwan
Semiconductor
Manufacturing
Co
Ltd
(ADR)
638,294
TOTAL
TAIWAN
638,294
UNITED
KINGDOM
-
18
.1
%
30,901
Ashtead
Group
plc
1,387,758
35,109
AstraZeneca
plc
3,859,512
681,782
Barclays
plc
1,084,807
166,019
BP
plc
793,303
35,061
British
American
Tobacco
plc
1,257,201
71,451
Diageo
plc
3,007,622
465,901
*
Haleon
plc
1,452,663
8,028
Linde
plc
(Xetra)
2,173,441
27,410
Reckitt
Benckiser
Group
plc
1,816,774
471,480
Tesco
plc
1,082,080
22,028
Unilever
plc
967,907
TOTAL
UNITED
KINGDOM
18,883,068
UNITED
STATES
-
4
.9
%
65,668
GSK
plc
948,423
12,807
Nestle
S.A.
1,385,171
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
International
Equity
Fund
September
30,
2022
87
TIAA-CREF
Life
Funds
concluded
SHARES
COMPANY
VALUE
UNITED
STATES—continued
8,475
Roche
Holding
AG.
$
2,758,888
TOTAL
UNITED
STATES
5,092,482
TOTAL
COMMON
STOCKS
98,508,300
(Cost
$112,336,838)
PRINCIPAL
ISSUER
REFERENCERATE
&
SPREAD
RATE
MATURITY
DATE
SHORT-TERM
INVESTMENTS
-
10.1%
REPURCHASE
AGREEMENT
-
9
.3
%
$
9,720,000
r
Fixed
Income
Clearing
Corp
(FICC)
2
.950
%
10/03/22
9,720,000
TOTAL
REPURCHASE
AGREEMENT
9,720,000
SHARES
COMPANY
INVESTMENTS
IN
REGISTERED
INVESTMENT
COMPANIES
-
0
.8
%
819,382
c
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
3
.070
819,382
TOTAL
INVESTMENTS
IN
REGISTERED
INVESTMENT
COMPANIES
819,382
TOTAL
SHORT-TERM
INVESTMENTS
10,539,382
(Cost
$10,539,382)
TOTAL
INVESTMENTS
-
104.4%
109,047,682
(Cost
$122,876,220)
OTHER
ASSETS
&
LIABILITIES,
NET
-
(4.4)%
(
4,592,024
)
NET
ASSETS
-
100.0%
$
104,455,658
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
$805,790.
r
Agreement
with
Fixed
Income
Clearing
Corp
(FICC),
2.950%
dated
9/30/22
to
be
repurchased
at
$9,720,000
on
10/3/22,
collateralized
by
Government
Agency
Securities,
with
coupon
rate
4.125%
and
maturity
date
9/30/27,
valued
at
$9,914,427.
TIAA-CREF
Life
Core
Bond
Fund
September
30,
2022
Portfolio
of
investments
(unaudited)
88
TIAA-CREF
Life
Funds
PRINCIPAL
ISSUER
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
BANK
LOAN
OBLIGATIONS
-
1.5%
CAPITAL
GOODS
-
0
.1
%
$
34,712
i
Sensata
Technologies,
Inc
LIBOR
4
M
+
1.750%
5
.873
%
09/20/26
$
34,611
95,784
i
TransDigm,
Inc
LIBOR
4
M
+
2.250%
5
.924
08/22/24
93,615
TOTAL
CAPITAL
GOODS
128,226
COMMERCIAL
&
PROFESSIONAL
SERVICES
-
0
.2
%
71,149
i
Dun
&
Bradstreet
Corp
LIBOR
12
M
+
3.250%
6
.330
02/06/26
68,952
37,489
i
GFL
Environmental,
Inc
LIBOR
4
M
+
3.000%
5
.806
05/30/25
37,154
73,688
i
Spin
Holdco,
Inc
LIBOR
4
M
+
4.000%
7
.144
03/04/28
64,937
87,861
i
Trans
Union
LLC
LIBOR
12
M
+
1.750%
4
.865
11/16/26
85,017
56,125
i
Trans
Union
LLC
LIBOR
12
M
+
2.250%
5
.365
12/01/28
54,477
TOTAL
COMMERCIAL
&
PROFESSIONAL
SERVICES
310,537
CONSUMER
SERVICES
-
0
.1
%
98,250
i
IRB
Holding
Corp
SOFR
12M
+
3.000%
5
.696
12/15/27
92,294
44,522
i
KUEHG
Corp
LIBOR
12
M
+
3.750%
6
.865
02/21/25
42,184
69,300
i
Stars
Group
Holdings
BV
LIBOR
4
M
+
2.250%
5
.892
07/21/26
66,805
TOTAL
CONSUMER
SERVICES
201,283
DIVERSIFIED
FINANCIALS
-
0
.0
%
33,613
i
Lions
Gate
Capital
Holdings
LLC
LIBOR
12
M
+
2.250%
5
.365
03/24/25
32,520
TOTAL
DIVERSIFIED
FINANCIALS
32,520
ENERGY
-
0
.1
%
73,321
i
Buckeye
Partners
LP
LIBOR
12
M
+
2.250%
5
.365
11/01/26
71,625
48,607
i
Delek
US
Holdings,
Inc
LIBOR
12
M
+
2.250%
5
.365
03/31/25
47,185
TOTAL
ENERGY
118,810
FOOD,
BEVERAGE
&
TOBACCO
-
0
.3
%
146,625
i
Froneri
US,
Inc
LIBOR
12
M
+
2.250%
5
.365
01/29/27
138,763
98,750
i
Hayward
Industries,
Inc
LIBOR
12
M
+
2.500%
5
.615
05/30/28
93,442
78,361
i
Hearthside
Food
Solutions
LLC
LIBOR
4
M
+
3.688%
6
.211
05/23/25
61,787
125,407
i
Hostess
Brands
LLC
LIBOR
4
M
+
2.250%
5
.056
08/03/25
121,585
131,670
i
Triton
Water
Holdings,
Inc
LIBOR
4
M
+
3.500%
7
.174
03/31/28
118,814
TOTAL
FOOD,
BEVERAGE
&
TOBACCO
534,391
HEALTH
CARE
EQUIPMENT
&
SERVICES
-
0
.1
%
20,875
i
ADMI
Corp
LIBOR
12
M
+
3.375%
6
.490
12/23/27
18,475
73,500
i
Da
Vinci
Purchaser
Corp
LIBOR
4
M
+
4.000%
6
.250
01/08/27
69,396
98,500
i
Global
Medical
Response,
Inc
LIBOR
12
M
+
4.250%
7
.378
10/02/25
85,892
3,641
i
Grifols
Worldwide
Operations
USA,
Inc
LIBOR
12
M
+
2.000%
5
.115
11/15/27
3,464
39,916
i
NMN
Holdings
III
Corp
LIBOR
12
M
+
3.750%
6
.865
11/13/25
36,074
8,565
i
NMN
Holdings
III
Corp
LIBOR
12
M
+
3.750%
6
.865
11/13/25
7,740
TOTAL
HEALTH
CARE
EQUIPMENT
&
SERVICES
221,041
HOUSEHOLD
&
PERSONAL
PRODUCTS
-
0
.0
%
34,475
i
Energizer
Holdings,
Inc
LIBOR
12
M
+
2.250%
5
.313
12/22/27
33,053
TOTAL
HOUSEHOLD
&
PERSONAL
PRODUCTS
33,053
INSURANCE
-
0
.1
%
96,038
i
Acrisure
LLC
LIBOR
12
M
+
3.500%
6
.615
02/15/27
88,074
97,500
i
NFP
Corp
LIBOR
12
M
+
3.250%
6
.365
02/15/27
91,845
TOTAL
INSURANCE
179,919
MATERIALS
-
0
.1
%
98,750
i
Eco
Services
Operations
Corp
LIBOR
4
M
+
2.500%
5
.306
06/09/28
94,356
17,220
i
Messer
Industries
USA,
Inc
LIBOR
4
M
+
2.500%
6
.174
03/02/26
16,511
TOTAL
MATERIALS
110,867
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Core
Bond
Fund
September
30,
2022
89
TIAA-CREF
Life
Funds
continued
PRINCIPAL
ISSUER
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
MEDIA
&
ENTERTAINMENT
-
0
.4
%
$
36,545
i
Cirque
Du
Soleil
Holding
USA
Newco,
Inc
LIBOR
4
M
+
6.000%
9
.642
%
11/24/25
$
36,073
36,682
i
Cirque
Du
Soleil
Holding
USA
Newco,
Inc
LIBOR
4
M
+
6.000%
9
.642
11/24/25
35,823
24,625
i
CNT
Holdings
I
Corp
SOFR
12M
+
3.500%
6
.248
11/08/27
23,528
63,700
i
DIRECTV
Financing
LLC
LIBOR
12
M
+
5.000%
8
.115
08/02/27
59,500
98,750
i
INEOS
US
Petrochem
LLC
LIBOR
12
M
+
2.750%
5
.865
01/29/26
92,373
66,000
h,i
Nascar
Holdings,
Inc
LIBOR
12
M
+
2.500%
5
.615
10/19/26
65,082
29,223
i
Nielsen
Finance
LLC
LIBOR
12
M
+
2.000%
4
.705
10/04/23
29,211
50,000
i
Phoenix
Newco,
Inc
LIBOR
12
M
+
3.250%
5
.774
11/15/28
47,828
98,500
i
Rackspace
Technology
Global,
Inc
LIBOR
4
M
+
2.750%
5
.617
02/15/28
70,828
141,474
i
Ryan
Specialty
Group
LLC
SOFR
12M
+
3.000%
6
.134
09/01/27
137,229
50,000
i
Virgin
Media
Bristol
LLC
LIBOR
12
M
+
2.500%
5
.318
01/31/28
47,840
43,340
i
Woof
Holdings,
Inc
LIBOR
4
M
+
3.750%
7
.315
12/21/27
41,065
TOTAL
MEDIA
&
ENTERTAINMENT
686,380
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
-
0
.0
%
157
i,q
Endo
Luxembourg
Finance
Co
I
Sarl
PRIME
4M
+
6.000%
12
.250
03/27/28
133
TOTAL
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
133
REAL
ESTATE
-
0
.0
%
96,281
i
Cushman
&
Wakefield
plc
LIBOR
12
M
+
2.750%
5
.865
08/21/25
92,258
TOTAL
REAL
ESTATE
92,258
SOFTWARE
&
SERVICES
-
0
.0
%
24,372
i
Camelot
Finance
S.A.
LIBOR
12
M
+
3.000%
6
.115
10/30/26
23,645
72,922
i
Rocket
Software,
Inc
LIBOR
12
M
+
4.250%
7
.365
11/28/25
69,920
TOTAL
SOFTWARE
&
SERVICES
93,565
TRANSPORTATION
-
0
.0
%
29,925
i
Air
Canada
LIBOR
4
M
+
3.500%
6
.421
08/11/28
28,533
47,490
i
American
Airlines,
Inc
LIBOR
12
M
+
2.000%
4
.818
12/15/23
47,015
23,750
i
Mileage
Plus
Holdings
LLC
LIBOR
4
M
+
5.250%
8
.777
06/21/27
23,916
TOTAL
TRANSPORTATION
99,464
TOTAL
BANK
LOAN
OBLIGATIONS
2,842,447
(Cost
$3,010,519)
BONDS
-
96.8%
CORPORATE
BONDS
-
34
.5
%
AUTOMOBILES
&
COMPONENTS
-
0
.4
%
5,000
Dana,
Inc
5
.375
11/15/27
4,237
25,000
Dana,
Inc
4
.250
09/01/30
18,311
110,000
Ford
Motor
Co
6
.100
08/19/32
96,976
100,000
g
Gates
Global
LLC
6
.250
01/15/26
92,000
150,000
General
Motors
Co
6
.125
10/01/25
150,065
125,000
General
Motors
Co
5
.400
10/15/29
115,256
125,000
General
Motors
Co
5
.200
04/01/45
95,178
100,000
Goodyear
Tire
&
Rubber
Co
5
.250
04/30/31
80,162
200,000
g
Hyundai
Capital
Services,
Inc
2
.125
04/24/25
183,118
TOTAL
AUTOMOBILES
&
COMPONENTS
835,303
BANKS
-
7
.5
%
200,000
g
Banco
de
Credito
e
Inversiones
S.A.
2
.875
10/14/31
154,114
200,000
g
Banco
Internacional
del
Peru
SAA
Interbank
3
.375
01/18/23
198,900
200,000
Banco
Santander
S.A.
5
.294
08/18/27
188,391
200,000
Banco
Santander
S.A.
4
.750
N/A‡
138,272
200,000
g
Bangkok
Bank
PCL
3
.466
09/23/36
154,643
200,000
g
Bank
Hapoalim
BM
3
.255
01/21/32
165,992
200,000
g
Bank
Leumi
Le-Israel
BM
3
.275
01/29/31
169,500
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Core
Bond
Fund
September
30,
2022
90
TIAA-CREF
Life
Funds
continued
PRINCIPAL
ISSUER
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
BANKS—continued
$
950,000
Bank
of
America
Corp
0
.810
%
10/24/24
$
903,259
400,000
Bank
of
America
Corp
4
.827
07/22/26
391,077
1,000,000
Bank
of
America
Corp
2
.592
04/29/31
793,061
500,000
Bank
of
America
Corp
1
.922
10/24/31
369,849
275,000
Bank
of
America
Corp
2
.572
10/20/32
210,328
200,000
Bank
of
America
Corp
2
.972
02/04/33
156,350
200,000
Bank
of
America
Corp
3
.846
03/08/37
161,360
350,000
Bank
of
America
Corp
2
.676
06/19/41
226,050
200,000
Bank
of
America
Corp
6
.100
N/A‡
191,722
55,000
Bank
of
Montreal
3
.803
12/15/32
47,692
100,000
Barclays
plc
2
.279
11/24/27
83,752
300,000
Barclays
plc
3
.330
11/24/42
189,693
150,000
g
BNP
Paribas
S.A.
2
.819
11/19/25
139,805
300,000
g
BNP
Paribas
S.A.
1
.904
09/30/28
242,077
200,000
g
BNP
Paribas
S.A.
7
.375
N/A‡
189,177
500,000
Citigroup,
Inc
3
.200
10/21/26
458,034
175,000
Citigroup,
Inc
4
.300
11/20/26
165,583
95,000
Citigroup,
Inc
4
.450
09/29/27
87,939
140,000
Citigroup,
Inc
2
.572
06/03/31
110,112
375,000
Citigroup,
Inc
2
.520
11/03/32
284,151
300,000
Citigroup,
Inc
4
.910
05/24/33
275,999
325,000
g
Cooperatieve
Rabobank
UA
1
.339
06/24/26
288,026
150,000
g
Credit
Agricole
S.A.
3
.250
10/04/24
143,165
200,000
g
Development
Bank
of
Kazakhstan
JSC
5
.750
05/12/25
199,240
150,000
Discover
Bank
2
.450
09/12/24
141,876
150,000
Discover
Bank
3
.450
07/27/26
136,550
250,000
Discover
Bank
2
.700
02/06/30
196,256
385,000
HSBC
Holdings
plc
4
.292
09/12/26
363,105
500,000
HSBC
Holdings
plc
2
.251
11/22/27
420,094
50,000
HSBC
Holdings
plc
2
.013
09/22/28
39,963
550,000
HSBC
Holdings
plc
6
.000
N/A‡
455,675
150,000
JPMorgan
Chase
&
Co
2
.700
05/18/23
148,560
200,000
JPMorgan
Chase
&
Co
2
.301
10/15/25
187,555
25,000
JPMorgan
Chase
&
Co
2
.005
03/13/26
22,895
250,000
JPMorgan
Chase
&
Co
3
.200
06/15/26
232,090
125,000
JPMorgan
Chase
&
Co
4
.323
04/26/28
117,138
500,000
JPMorgan
Chase
&
Co
3
.702
05/06/30
436,494
150,000
JPMorgan
Chase
&
Co
2
.522
04/22/31
118,569
725,000
JPMorgan
Chase
&
Co
1
.953
02/04/32
536,305
50,000
JPMorgan
Chase
&
Co
2
.525
11/19/41
31,214
250,000
JPMorgan
Chase
&
Co
3
.157
04/22/42
171,168
100,000
JPMorgan
Chase
&
Co
5
.000
N/A‡
90,175
178,000
JPMorgan
Chase
&
Co
6
.100
N/A‡
170,880
160,000
JPMorgan
Chase
&
Co
3
.650
N/A‡
129,570
200,000
Lloyds
Banking
Group
plc
7
.500
N/A‡
182,500
300,000
Lloyds
Banking
Group
plc
6
.750
N/A‡
269,170
250,000
M&T
Bank
Corp
3
.500
N/A‡
186,395
200,000
NatWest
Group
plc
5
.516
09/30/28
189,815
250,000
g
NBK
SPC
Ltd
1
.625
09/15/27
214,375
200,000
Toronto-Dominion
Bank
4
.285
09/13/24
196,984
100,000
Toronto-Dominion
Bank
3
.625
09/15/31
91,156
200,000
Truist
Financial
Corp
4
.950
N/A‡
192,158
200,000
g
UBS
Group
AG.
1
.494
08/10/27
168,016
200,000
g
UBS
Group
AG.
3
.179
02/11/43
128,802
50,000
Wells
Fargo
&
Co
3
.750
01/24/24
49,220
100,000
Wells
Fargo
&
Co
3
.550
09/29/25
95,098
100,000
Wells
Fargo
&
Co
3
.526
03/24/28
90,572
375,000
Wells
Fargo
&
Co
2
.393
06/02/28
321,599
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Core
Bond
Fund
September
30,
2022
91
TIAA-CREF
Life
Funds
continued
PRINCIPAL
ISSUER
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
BANKS—continued
$
250,000
Wells
Fargo
&
Co
3
.900
%
N/A‡
$
211,406
TOTAL
BANKS
14,210,711
CAPITAL
GOODS
-
0
.8
%
450,000
Boeing
Co
2
.196
02/04/26
399,347
200,000
Boeing
Co
2
.950
02/01/30
160,787
25,000
Boeing
Co
3
.250
02/01/35
17,656
75,000
Boeing
Co
5
.705
05/01/40
65,510
150,000
Boeing
Co
5
.805
05/01/50
130,349
62,000
g
H&E
Equipment
Services,
Inc
3
.875
12/15/28
48,670
50,000
Lockheed
Martin
Corp
1
.850
06/15/30
40,516
175,000
Northrop
Grumman
Corp
3
.250
01/15/28
159,234
75,000
Parker-Hannifin
Corp
3
.250
06/14/29
66,038
175,000
Raytheon
Technologies
Corp
4
.125
11/16/28
163,504
50,000
Raytheon
Technologies
Corp
2
.250
07/01/30
40,407
200,000
g
TSMC
Global
Ltd
1
.000
09/28/27
163,660
15,000
g
WESCO
Distribution,
Inc
7
.250
06/15/28
14,692
TOTAL
CAPITAL
GOODS
1,470,370
COMMERCIAL
&
PROFESSIONAL
SERVICES
-
0
.2
%
40,000
g
ADT
Corp
4
.875
07/15/32
32,259
15,000
g
ASGN,
Inc
4
.625
05/15/28
12,908
13,000
g
Booz
Allen
Hamilton,
Inc
3
.875
09/01/28
11,183
25,000
g
Booz
Allen
Hamilton,
Inc
4
.000
07/01/29
21,389
10,000
g
GFL
Environmental,
Inc
4
.250
06/01/25
9,378
65,000
g
GFL
Environmental,
Inc
5
.125
12/15/26
60,531
31,000
g
GFL
Environmental,
Inc
3
.500
09/01/28
26,143
50,000
g
Prime
Security
Services
Borrower
LLC
5
.750
04/15/26
47,047
26,000
g
Prime
Security
Services
Borrower
LLC
3
.375
08/31/27
21,844
70,000
g
Prime
Security
Services
Borrower
LLC
6
.250
01/15/28
59,736
75,000
Verisk
Analytics,
Inc
3
.625
05/15/50
51,139
32,000
g
WASH
Multifamily
Acquisition,
Inc
5
.750
04/15/26
29,501
100,000
Waste
Management,
Inc
2
.500
11/15/50
60,898
TOTAL
COMMERCIAL
&
PROFESSIONAL
SERVICES
443,956
CONSUMER
DURABLES
&
APPAREL
-
0
.0
%
8,000
Newell
Brands,
Inc
4
.875
06/01/25
7,734
50,000
e
Newell
Brands,
Inc
6
.375
09/15/27
49,511
TOTAL
CONSUMER
DURABLES
&
APPAREL
57,245
CONSUMER
SERVICES
-
0
.4
%
500,000
Anheuser-Busch
Cos
LLC
3
.650
02/01/26
480,285
37,000
g
Cedar
Fair
LP
5
.500
05/01/25
35,591
6,000
g
Hilton
Domestic
Operating
Co,
Inc
5
.750
05/01/28
5,610
74,000
g
Hilton
Domestic
Operating
Co,
Inc
3
.625
02/15/32
56,677
20,000
g
International
Game
Technology
plc
4
.125
04/15/26
18,279
60,000
g
International
Game
Technology
plc
6
.250
01/15/27
58,057
25,000
g
Marriott
Ownership
Resorts,
Inc
4
.500
06/15/29
19,758
125,000
McDonald's
Corp
4
.600
09/09/32
119,420
TOTAL
CONSUMER
SERVICES
793,677
DIVERSIFIED
FINANCIALS
-
3
.4
%
150,000
AerCap
Ireland
Capital
DAC
1
.750
01/30/26
128,279
375,000
AerCap
Ireland
Capital
DAC
2
.450
10/29/26
316,353
150,000
AerCap
Ireland
Capital
DAC
3
.300
01/30/32
112,810
150,000
AerCap
Ireland
Capital
DAC
3
.850
10/29/41
99,638
225,000
e
Bank
of
New
York
Mellon
Corp
4
.700
N/A‡
215,437
360,000
Capital
One
Bank
USA
NA
3
.375
02/15/23
358,516
185,000
e
Capital
One
Financial
Corp
3
.950
N/A‡
145,225
200,000
Charles
Schwab
Corp
5
.375
N/A‡
194,500
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Core
Bond
Fund
September
30,
2022
92
TIAA-CREF
Life
Funds
continued
PRINCIPAL
ISSUER
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
DIVERSIFIED
FINANCIALS—continued
$
30,000
g
Compass
Group
Diversified
Holdings
LLC
5
.250
%
04/15/29
$
23,542
125,000
g
Credit
Suisse
Group
AG.
1
.305
02/02/27
101,465
250,000
g
Credit
Suisse
Group
AG.
6
.442
08/11/28
232,487
200,000
Credit
Suisse
Group
Funding
Guernsey
Ltd
3
.800
06/09/23
196,807
150,000
Credit
Suisse
Group
Funding
Guernsey
Ltd
3
.750
03/26/25
139,733
150,000
Deutsche
Bank
AG.
5
.371
09/09/27
144,771
100,000
Deutsche
Bank
AG.
2
.311
11/16/27
81,116
250,000
GE
Capital
International
Funding
Co
4
.418
11/15/35
223,980
350,000
General
Motors
Financial
Co,
Inc
2
.750
06/20/25
322,400
275,000
General
Motors
Financial
Co,
Inc
5
.000
04/09/27
260,675
150,000
General
Motors
Financial
Co,
Inc
2
.700
06/10/31
110,113
300,000
Goldman
Sachs
Group,
Inc
3
.500
04/01/25
286,561
400,000
Goldman
Sachs
Group,
Inc
4
.482
08/23/28
375,399
280,000
Goldman
Sachs
Group,
Inc
2
.615
04/22/32
217,036
50,000
Goldman
Sachs
Group,
Inc
4
.017
10/31/38
39,491
100,000
Goldman
Sachs
Group,
Inc
3
.436
02/24/43
69,245
50,000
Icahn
Enterprises
LP
5
.250
05/15/27
43,775
38,000
Icahn
Enterprises
LP
4
.375
02/01/29
30,585
200,000
g
Indian
Railway
Finance
Corp
Ltd
3
.249
02/13/30
163,464
68,000
g
LPL
Holdings,
Inc
4
.000
03/15/29
58,322
150,000
Morgan
Stanley
2
.720
07/22/25
142,291
125,000
Morgan
Stanley
2
.188
04/28/26
114,660
575,000
Morgan
Stanley
3
.125
07/27/26
529,468
250,000
Morgan
Stanley
1
.512
07/20/27
212,922
75,000
Morgan
Stanley
1
.794
02/13/32
54,812
60,000
Northern
Trust
Corp
4
.600
N/A‡
53,510
200,000
e,g
Power
Finance
Corp
Ltd
3
.950
04/23/30
166,982
100,000
e,g
S&P
Global,
Inc
4
.250
05/01/29
93,928
50,000
SLM
Corp
5
.500
01/25/23
49,722
200,000
g
Societe
Generale
S.A.
4
.027
01/21/43
123,894
15,000
Springleaf
Finance
Corp
5
.375
11/15/29
11,625
200,000
g
Swiss
Re
Finance
Luxembourg
SA
5
.000
04/02/49
175,000
TOTAL
DIVERSIFIED
FINANCIALS
6,420,539
ENERGY
-
3
.2
%
19,000
g
Archrock
Partners
LP
6
.250
04/01/28
16,701
100,000
Cenovus
Energy,
Inc
2
.650
01/15/32
77,069
100,000
Diamondback
Energy,
Inc
3
.125
03/24/31
81,113
100,000
Diamondback
Energy,
Inc
4
.250
03/15/52
73,003
35,000
g
DT
Midstream,
Inc
4
.125
06/15/29
29,575
30,000
g
DT
Midstream,
Inc
4
.375
06/15/31
24,742
50,000
Ecopetrol
S.A.
5
.875
09/18/23
49,614
45,000
Ecopetrol
S.A.
6
.875
04/29/30
37,796
200,000
Ecopetrol
S.A.
4
.625
11/02/31
140,000
150,000
Enbridge,
Inc
5
.750
07/15/80
131,962
33,000
g
Energean
Israel
Finance
Ltd
4
.875
03/30/26
29,055
100,000
Energy
Transfer
Operating
LP
2
.900
05/15/25
93,210
50,000
Energy
Transfer
Operating
LP
4
.750
01/15/26
48,174
100,000
Energy
Transfer
Operating
LP
5
.500
06/01/27
97,410
150,000
Energy
Transfer
Operating
LP
4
.950
06/15/28
139,708
100,000
Energy
Transfer
Operating
LP
6
.250
04/15/49
88,713
175,000
Energy
Transfer
Operating
LP
5
.000
05/15/50
136,780
6,000
g
EnLink
Midstream
LLC
5
.625
01/15/28
5,610
80,000
g
EnLink
Midstream
LLC
6
.500
09/01/30
78,120
100,000
Enterprise
Products
Operating
LLC
3
.700
02/15/26
95,402
100,000
Enterprise
Products
Operating
LLC
3
.125
07/31/29
86,137
100,000
Enterprise
Products
Operating
LLC
4
.250
02/15/48
77,121
100,000
Enterprise
Products
Operating
LLC
4
.200
01/31/50
76,361
100,000
Enterprise
Products
Operating
LLC
3
.200
02/15/52
63,824
25,000
Enterprise
Products
Operating
LLC
3
.300
02/15/53
16,264
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Core
Bond
Fund
September
30,
2022
93
TIAA-CREF
Life
Funds
continued
PRINCIPAL
ISSUER
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
ENERGY—continued
$
100,000
g
EQM
Midstream
Partners
LP
4
.500
%
01/15/29
$
80,568
25,000
g
EQT
Corp
3
.125
05/15/26
22,768
200,000
g
Galaxy
Pipeline
Assets
Bidco
Ltd
2
.625
03/31/36
153,729
10,000
g
Hilcorp
Energy
I
LP
5
.750
02/01/29
8,743
9,000
g
Hilcorp
Energy
I
LP
6
.000
02/01/31
7,797
50,000
g
Holly
Energy
Partners
LP
6
.375
04/15/27
47,750
75,000
Marathon
Petroleum
Corp
3
.800
04/01/28
67,107
100,000
Marathon
Petroleum
Corp
5
.000
09/15/54
80,412
150,000
MPLX
LP
1
.750
03/01/26
131,247
450,000
MPLX
LP
2
.650
08/15/30
352,540
125,000
MPLX
LP
4
.700
04/15/48
95,238
34,000
Murphy
Oil
Corp
5
.875
12/01/27
31,781
33,000
Occidental
Petroleum
Corp
5
.500
12/01/25
33,165
200,000
g
Oleoducto
Central
S.A.
4
.000
07/14/27
154,245
225,000
ONEOK,
Inc
4
.550
07/15/28
205,991
225,000
ONEOK,
Inc
4
.350
03/15/29
201,280
100,000
ONEOK,
Inc
4
.500
03/15/50
72,317
67,000
g
Parkland
Corp
4
.500
10/01/29
54,090
200,000
g
Pertamina
Persero
PT
1
.400
02/09/26
171,629
100,000
e
Petroleos
Mexicanos
5
.950
01/28/31
67,540
67,000
Petroleos
Mexicanos
6
.700
02/16/32
47,009
200,000
g
Petronas
Energy
Canada
Ltd
2
.112
03/23/28
172,306
200,000
Phillips
66
2
.150
12/15/30
154,092
100,000
Phillips
66
3
.300
03/15/52
65,462
200,000
g
Qatar
Petroleum
2
.250
07/12/31
160,295
200,000
g
S.A.
Global
Sukuk
Ltd
0
.946
06/17/24
186,379
175,000
Sabine
Pass
Liquefaction
LLC
4
.200
03/15/28
159,593
100,000
Sabine
Pass
Liquefaction
LLC
4
.500
05/15/30
91,097
50,000
g
Santos
Finance
Ltd
3
.649
04/29/31
38,856
200,000
g
Saudi
Arabian
Oil
Co
2
.250
11/24/30
161,010
125,000
Sunoco
Logistics
Partners
Operations
LP
4
.000
10/01/27
113,363
25,000
Sunoco
Logistics
Partners
Operations
LP
5
.400
10/01/47
20,242
23,000
Sunoco
LP
4
.500
05/15/29
19,080
100,000
Targa
Resources
Corp
4
.200
02/01/33
83,280
100,000
Targa
Resources
Corp
4
.950
04/15/52
76,940
25,000
Targa
Resources
Partners
LP
6
.500
07/15/27
24,708
20,000
Targa
Resources
Partners
LP
4
.000
01/15/32
16,494
150,000
Total
Capital
International
S.A.
3
.127
05/29/50
103,581
175,000
TransCanada
PipeLines
Ltd
4
.250
05/15/28
162,002
75,000
TransCanada
PipeLines
Ltd
2
.500
10/12/31
57,703
200,000
TransCanada
Trust
5
.500
09/15/79
173,000
40,000
USA
Compression
Partners
LP
6
.875
04/01/26
36,800
25,000
USA
Compression
Partners
LP
6
.875
09/01/27
22,721
TOTAL
ENERGY
5,979,414
FOOD
&
STAPLES
RETAILING
-
0
.2
%
60,000
Kroger
Co
3
.875
10/15/46
45,626
100,000
SYSCO
Corp
3
.150
12/14/51
63,211
100,000
Walmart,
Inc
1
.050
09/17/26
87,255
200,000
Walmart,
Inc
1
.800
09/22/31
158,894
TOTAL
FOOD
&
STAPLES
RETAILING
354,986
FOOD,
BEVERAGE
&
TOBACCO
-
1
.0
%
380,000
Anheuser-Busch
InBev
Worldwide,
Inc
4
.750
01/23/29
370,180
50,000
Anheuser-Busch
InBev
Worldwide,
Inc
4
.439
10/06/48
40,561
125,000
BAT
Capital
Corp
2
.259
03/25/28
99,425
100,000
BAT
Capital
Corp
4
.906
04/02/30
88,294
50,000
BAT
Capital
Corp
4
.742
03/16/32
41,827
200,000
BAT
International
Finance
plc
4
.448
03/16/28
178,252
175,000
g
Cia
Cervecerias
Unidas
S.A.
3
.350
01/19/32
147,656
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Core
Bond
Fund
September
30,
2022
94
TIAA-CREF
Life
Funds
continued
PRINCIPAL
ISSUER
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
FOOD,
BEVERAGE
&
TOBACCO—continued
$
100,000
Constellation
Brands,
Inc
4
.400
%
11/15/25
$
97,904
100,000
Constellation
Brands,
Inc
3
.700
12/06/26
93,969
100,000
Constellation
Brands,
Inc
3
.150
08/01/29
85,905
100,000
Constellation
Brands,
Inc
2
.875
05/01/30
82,945
100,000
Constellation
Brands,
Inc
2
.250
08/01/31
76,818
100,000
Diageo
Capital
plc
2
.125
10/24/24
94,947
100,000
Diageo
Capital
plc
2
.375
10/24/29
83,631
200,000
Diageo
Capital
plc
2
.000
04/29/30
160,261
75,000
g
Primo
Water
Holdings,
Inc
4
.375
04/30/29
61,007
TOTAL
FOOD,
BEVERAGE
&
TOBACCO
1,803,582
HEALTH
CARE
EQUIPMENT
&
SERVICES
-
1
.5
%
60,000
e
Abbott
Laboratories
5
.300
05/27/40
59,963
100,000
Anthem,
Inc
2
.250
05/15/30
80,668
55,000
Becton
Dickinson
&
Co
2
.823
05/20/30
46,031
100,000
Boston
Scientific
Corp
2
.650
06/01/30
82,974
35,000
Centene
Corp
2
.450
07/15/28
28,498
180,000
Centene
Corp
3
.000
10/15/30
142,549
200,000
Children's
Hospital
Medic
4
.268
05/15/44
174,117
40,000
g
CHS/Community
Health
Systems,
Inc
5
.250
05/15/30
27,850
55,000
Cigna
Corp
3
.200
03/15/40
39,539
225,000
CVS
Health
Corp
3
.750
04/01/30
200,080
400,000
CVS
Health
Corp
1
.750
08/21/30
306,174
400,000
CVS
Health
Corp
4
.780
03/25/38
350,681
200,000
CVS
Health
Corp
5
.050
03/25/48
176,132
250,000
Dartmouth-Hitchcock
Health
4
.178
08/01/48
201,867
160,000
HCA,
Inc
5
.625
09/01/28
152,467
100,000
g
HCA,
Inc
3
.625
03/15/32
80,904
100,000
HCA,
Inc
5
.500
06/15/47
84,479
100,000
Humana,
Inc
3
.950
03/15/27
93,753
300,000
Humana,
Inc
2
.150
02/03/32
227,965
20,000
g
LifePoint
Health,
Inc
4
.375
02/15/27
16,527
67,000
MPT
Operating
Partnership
LP
3
.500
03/15/31
46,649
10,000
g
Tenet
Healthcare
Corp
4
.625
06/15/28
8,740
80,000
g
Tenet
Healthcare
Corp
4
.375
01/15/30
66,776
240,000
UnitedHealth
Group,
Inc
2
.300
05/15/31
193,077
TOTAL
HEALTH
CARE
EQUIPMENT
&
SERVICES
2,888,460
HOUSEHOLD
&
PERSONAL
PRODUCTS
-
0
.4
%
100,000
Church
&
Dwight
Co,
Inc
2
.300
12/15/31
78,491
100,000
Church
&
Dwight
Co,
Inc
5
.000
06/15/52
92,133
100,000
Colgate-Palmolive
Co
3
.250
08/15/32
89,113
250,000
g
GSK
Consumer
Healthcare
Capital
US
LLC
3
.375
03/24/27
226,725
250,000
g
GSK
Consumer
Healthcare
Capital
US
LLC
3
.625
03/24/32
212,019
TOTAL
HOUSEHOLD
&
PERSONAL
PRODUCTS
698,481
INSURANCE
-
0
.9
%
62,000
g
Acrisure
LLC
4
.250
02/15/29
48,588
25,000
g
AmWINS
Group,
Inc
4
.875
06/30/29
20,752
175,000
Aon
plc
3
.500
06/14/24
170,710
75,000
Berkshire
Hathaway
Finance
Corp
2
.875
03/15/32
63,044
75,000
Berkshire
Hathaway
Finance
Corp
4
.250
01/15/49
62,329
100,000
CNA
Financial
Corp
3
.950
05/15/24
98,068
100,000
g
Equitable
Financial
Life
Global
Funding
1
.400
07/07/25
90,057
500,000
Hartford
Financial
Services
Group,
Inc
2
.800
08/19/29
421,805
100,000
Hartford
Financial
Services
Group,
Inc
4
.300
04/15/43
79,561
100,000
Hartford
Financial
Services
Group,
Inc
2
.900
09/15/51
61,082
100,000
g
Liberty
Mutual
Group,
Inc
3
.951
10/15/50
67,282
100,000
g
Liberty
Mutual
Group,
Inc
5
.500
06/15/52
86,198
100,000
MetLife,
Inc
3
.600
11/13/25
96,284
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Core
Bond
Fund
September
30,
2022
95
TIAA-CREF
Life
Funds
continued
PRINCIPAL
ISSUER
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
INSURANCE—continued
$
100,000
MetLife,
Inc
5
.000
%
07/15/52
$
91,156
115,000
e
MetLife,
Inc
3
.850
N/A‡
102,878
150,000
PartnerRe
Finance
B
LLC
4
.500
10/01/50
125,826
100,000
Reinsurance
Group
of
America,
Inc
3
.900
05/15/29
89,085
TOTAL
INSURANCE
1,774,705
MATERIALS
-
1
.7
%
100,000
e
Albemarle
Corp
4
.650
06/01/27
95,854
200,000
Amcor
Flexibles
North
America,
Inc
2
.690
05/25/31
156,412
100,000
g
Anglo
American
Capital
plc
3
.875
03/16/29
85,932
200,000
g
Anglo
American
Capital
plc
2
.625
09/10/30
153,947
200,000
AngloGold
Ashanti
Holdings
plc
3
.750
10/01/30
155,023
38,000
e
Ball
Corp
2
.875
08/15/30
29,163
150,000
Bemis
Co,
Inc
2
.630
06/19/30
120,513
225,000
Berry
Global,
Inc
1
.570
01/15/26
196,161
150,000
Berry
Global,
Inc
1
.650
01/15/27
124,381
200,000
g
Celulosa
Arauco
y
Constitucion
S.A.
4
.250
04/30/29
165,712
200,000
g
Cemex
SAB
de
C.V.
5
.450
11/19/29
178,750
200,000
g
Corp
Nacional
del
Cobre
de
Chile
3
.150
01/14/30
166,758
200,000
g
FMG
Resources
August
2006
Pty
Ltd
5
.875
04/15/30
173,964
200,000
g
Freeport
Indonesia
PT
5
.315
04/14/32
165,500
100,000
e
Freeport-McMoRan,
Inc
5
.450
03/15/43
83,430
200,000
g
GCC
SAB
de
C.V.
3
.614
04/20/32
161,748
70,000
Newmont
Corp
2
.250
10/01/30
54,149
65,000
Newmont
Corp
2
.600
07/15/32
49,559
100,000
g
Nova
Chemicals
Corp
4
.875
06/01/24
93,962
100,000
Nutrien
Ltd
2
.950
05/13/30
83,585
200,000
g
OCP
S.A.
3
.750
06/23/31
150,945
200,000
g
Orbia
Advance
Corp
SAB
de
C.V.
1
.875
05/11/26
169,000
19,000
g
PolyOne
Corp
5
.750
05/15/25
18,334
200,000
Suzano
Austria
GmbH
3
.750
01/15/31
156,690
200,000
g
UltraTech
Cement
Ltd
2
.800
02/16/31
154,460
100,000
WRKCo,
Inc
3
.000
06/15/33
77,372
TOTAL
MATERIALS
3,221,304
MEDIA
&
ENTERTAINMENT
-
2
.0
%
100,000
Activision
Blizzard,
Inc
1
.350
09/15/30
75,894
100,000
g
Arches
Buyer,
Inc
4
.250
06/01/28
78,000
200,000
g
Cable
Onda
S.A.
4
.500
01/30/30
157,448
100,000
g
CCO
Holdings
LLC
5
.125
05/01/27
90,250
125,000
Charter
Communications
Operating
LLC
2
.250
01/15/29
97,872
25,000
Charter
Communications
Operating
LLC
2
.800
04/01/31
18,899
50,000
Charter
Communications
Operating
LLC
5
.125
07/01/49
36,652
600,000
Charter
Communications
Operating
LLC
4
.800
03/01/50
432,834
475,000
Comcast
Corp
2
.350
01/15/27
425,966
150,000
Comcast
Corp
4
.150
10/15/28
141,669
100,000
Comcast
Corp
1
.500
02/15/31
75,067
300,000
e
Comcast
Corp
3
.200
07/15/36
231,966
500,000
Comcast
Corp
2
.887
11/01/51
313,115
40,000
g
DIRECTV
Holdings
LLC
5
.875
08/15/27
34,484
50,000
DISH
DBS
Corp
5
.000
03/15/23
49,016
15,000
Lamar
Media
Corp
3
.625
01/15/31
11,798
50,000
g
Magallanes,
Inc
4
.279
03/15/32
41,134
325,000
g
Magallanes,
Inc
5
.050
03/15/42
243,179
100,000
g
Meta
Platforms,
Inc
4
.450
08/15/52
81,608
225,000
g
Misc
Capital
Two
Labuan
Ltd
3
.625
04/06/25
214,961
33,000
g
News
Corp
3
.875
05/15/29
28,012
100,000
Paramount
Global
3
.375
02/15/28
88,505
200,000
g
POSCO
4
.500
08/04/27
189,511
50,000
e,g
Rackspace
Technology
Global,
Inc
3
.500
02/15/28
33,063
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Core
Bond
Fund
September
30,
2022
96
TIAA-CREF
Life
Funds
continued
PRINCIPAL
ISSUER
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
MEDIA
&
ENTERTAINMENT—continued
$
110,000
g
Sirius
XM
Radio,
Inc
4
.000
%
07/15/28
$
93,564
50,000
g
Sirius
XM
Radio,
Inc
4
.125
07/01/30
40,642
100,000
Take-Two
Interactive
Software,
Inc
3
.700
04/14/27
92,834
50,000
g
TEGNA,
Inc
4
.750
03/15/26
48,240
25,000
e
TEGNA,
Inc
4
.625
03/15/28
23,081
50,000
Time
Warner
Cable
LLC
5
.875
11/15/40
41,161
30,000
g
Univision
Communications,
Inc
7
.375
06/30/30
28,629
200,000
Weibo
Corp
3
.375
07/08/30
146,811
TOTAL
MEDIA
&
ENTERTAINMENT
3,705,865
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
-
1
.0
%
100,000
AbbVie,
Inc
2
.850
05/14/23
98,906
525,000
AbbVie,
Inc
4
.050
11/21/39
422,318
125,000
AbbVie,
Inc
4
.400
11/06/42
103,806
50,000
AbbVie,
Inc
4
.450
05/14/46
40,635
125,000
AstraZeneca
Finance
LLC
1
.200
05/28/26
109,525
100,000
AstraZeneca
Finance
LLC
2
.250
05/28/31
81,270
150,000
AstraZeneca
plc
1
.375
08/06/30
115,768
30,000
g
Avantor
Funding,
Inc
4
.625
07/15/28
26,698
155,000
Bristol-Myers
Squibb
Co
2
.350
11/13/40
103,459
100,000
Bristol-Myers
Squibb
Co
2
.550
11/13/50
61,614
75,000
Danaher
Corp
2
.800
12/10/51
48,250
150,000
Gilead
Sciences,
Inc
2
.800
10/01/50
92,635
100,000
Merck
&
Co,
Inc
2
.750
12/10/51
65,129
200,000
g
Organon
Finance LLC
5
.125
04/30/31
163,832
175,000
Takeda
Pharmaceutical
Co
Ltd
2
.050
03/31/30
138,335
100,000
Takeda
Pharmaceutical
Co
Ltd
3
.025
07/09/40
70,763
150,000
Teva
Pharmaceutical
Finance
Netherlands
III
BV
3
.150
10/01/26
123,075
TOTAL
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
1,866,018
REAL
ESTATE
-
2
.6
%
150,000
Agree
LP
2
.000
06/15/28
120,885
100,000
Alexandria
Real
Estate
Equities,
Inc
3
.950
01/15/27
94,558
100,000
e
Alexandria
Real
Estate
Equities,
Inc
3
.950
01/15/28
92,337
100,000
Alexandria
Real
Estate
Equities,
Inc
4
.900
12/15/30
94,592
100,000
Alexandria
Real
Estate
Equities,
Inc
1
.875
02/01/33
70,283
100,000
American
Tower
Corp
2
.950
01/15/25
94,610
50,000
American
Tower
Corp
3
.375
10/15/26
45,687
150,000
American
Tower
Corp
3
.800
08/15/29
131,583
175,000
American
Tower
Corp
2
.900
01/15/30
143,851
50,000
American
Tower
Corp
2
.100
06/15/30
38,299
50,000
American
Tower
Corp
1
.875
10/15/30
37,001
150,000
Brandywine
Operating
Partnership
LP
4
.100
10/01/24
144,726
200,000
Brixmor
Operating
Partnership
LP
3
.850
02/01/25
192,186
100,000
Brixmor
Operating
Partnership
LP
2
.250
04/01/28
80,720
100,000
Brixmor
Operating
Partnership
LP
2
.500
08/16/31
72,883
50,000
Corporate
Office
Properties
LP
2
.750
04/15/31
36,759
245,000
Crown
Castle
International
Corp
2
.250
01/15/31
187,081
50,000
CubeSmart
LP
2
.250
12/15/28
40,595
50,000
Equinix,
Inc
2
.150
07/15/30
38,333
150,000
Essential
Properties
LP
2
.950
07/15/31
109,550
50,000
Essex
Portfolio
LP
3
.000
01/15/30
41,548
125,000
Federal
Realty
Investment
Trust
1
.250
02/15/26
109,994
200,000
g
HAT
Holdings
I
LLC
3
.375
06/15/26
160,500
175,000
Healthcare
Realty
Holdings
LP
3
.875
05/01/25
166,907
100,000
Healthcare
Realty
Holdings
LP
2
.400
03/15/30
76,602
100,000
Healthcare
Realty
Holdings
LP
2
.050
03/15/31
72,799
125,000
Healthcare
Trust
of
America
Holdings
LP
3
.500
08/01/26
115,166
50,000
Healthcare
Trust
of
America
Holdings
LP
3
.100
02/15/30
40,949
100,000
Highwoods
Realty
LP
3
.875
03/01/27
91,718
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Core
Bond
Fund
September
30,
2022
97
TIAA-CREF
Life
Funds
continued
PRINCIPAL
ISSUER
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
REAL
ESTATE—continued
$
50,000
Highwoods
Realty
LP
2
.600
%
02/01/31
$
37,488
24,000
g
Howard
Hughes
Corp
4
.125
02/01/29
18,540
28,000
Kennedy-Wilson,
Inc
4
.750
03/01/29
21,370
29,000
Kennedy-Wilson,
Inc
5
.000
03/01/31
21,027
110,000
Life
Storage
LP
2
.400
10/15/31
82,566
100,000
Mid-America
Apartments
LP
4
.300
10/15/23
99,270
125,000
Mid-America
Apartments
LP
3
.750
06/15/24
122,214
200,000
Mid-America
Apartments
LP
2
.750
03/15/30
166,590
100,000
Mid-America
Apartments
LP
1
.700
02/15/31
75,532
100,000
Mid-America
Apartments
LP
2
.875
09/15/51
62,464
150,000
Regency
Centers
LP
3
.900
11/01/25
141,510
100,000
Regency
Centers
LP
3
.600
02/01/27
92,891
100,000
Regency
Centers
LP
2
.950
09/15/29
82,937
100,000
Retail
Properties
of
America,
Inc
4
.750
09/15/30
86,917
500,000
g
SBA
Tower
Trust
2
.836
01/15/25
467,770
420,000
g
SBA
Tower
Trust
1
.884
01/15/26
369,292
87,000
SITE
Centers
Corp
3
.625
02/01/25
82,237
100,000
Weingarten
Realty
Investors
3
.250
08/15/26
92,358
100,000
Weyerhaeuser
Co
4
.000
03/09/52
73,233
TOTAL
REAL
ESTATE
4,938,908
RETAILING
-
0
.6
%
25,000
g
Asbury
Automotive
Group,
Inc
4
.625
11/15/29
19,984
50,000
g
Asbury
Automotive
Group,
Inc
5
.000
02/15/32
38,503
50,000
AutoNation,
Inc
3
.800
11/15/27
44,248
100,000
AutoZone,
Inc
1
.650
01/15/31
74,284
100,000
Genuine
Parts
Co
2
.750
02/01/32
77,395
80,000
g
LCM
Investments
Holdings
II
LLC
4
.875
05/01/29
61,949
45,000
g
Lithia
Motors,
Inc
4
.625
12/15/27
39,087
38,000
g
Magic
Mergeco,
Inc
5
.250
05/01/28
26,675
125,000
O'Reilly
Automotive,
Inc
3
.600
09/01/27
116,070
100,000
O'Reilly
Automotive,
Inc
4
.200
04/01/30
91,691
250,000
O'Reilly
Automotive,
Inc
1
.750
03/15/31
187,032
200,000
g
Prosus
NV
4
.193
01/19/32
146,756
50,000
g
Staples,
Inc
7
.500
04/15/26
41,981
28,000
g
Superior
Plus
LP
4
.500
03/15/29
23,124
75,000
Target
Corp
2
.350
02/15/30
62,593
TOTAL
RETAILING
1,051,372
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
-
0
.5
%
325,000
g
Broadcom,
Inc
2
.450
02/15/31
244,932
39,000
g
Broadcom,
Inc
3
.469
04/15/34
29,260
18,000
g
Broadcom,
Inc
3
.187
11/15/36
12,311
240,000
g
Broadcom,
Inc
4
.926
05/15/37
197,897
100,000
Lam
Research
Corp
4
.000
03/15/29
93,568
115,000
NVIDIA
Corp
2
.000
06/15/31
90,427
100,000
NXP
BV
3
.875
06/18/26
93,330
100,000
NXP
BV
4
.400
06/01/27
94,329
100,000
NXP
BV
3
.400
05/01/30
83,339
125,000
NXP
BV
3
.125
02/15/42
79,603
TOTAL
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
1,018,996
SOFTWARE
&
SERVICES
-
0
.5
%
105,000
Adobe,
Inc
2
.300
02/01/30
87,231
200,000
g
CA
Magnum
Holdings
5
.375
10/31/26
168,017
10,000
g
Camelot
Finance
S.A.
4
.500
11/01/26
9,048
30,000
g
Clarivate
Science
Holdings
Corp
3
.875
07/01/28
24,744
80,000
Fiserv,
Inc
3
.500
07/01/29
69,603
147,000
Microsoft
Corp
2
.525
06/01/50
96,042
90,000
g
NortonLifeLock,
Inc
6
.750
09/30/27
86,358
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Core
Bond
Fund
September
30,
2022
98
TIAA-CREF
Life
Funds
continued
PRINCIPAL
ISSUER
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
SOFTWARE
&
SERVICES—continued
$
55,000
g
Open
Text
Corp
3
.875
%
12/01/29
$
42,363
15,000
g
Open
Text
Holdings,
Inc
4
.125
02/15/30
11,979
125,000
Roper
Technologies,
Inc
1
.400
09/15/27
103,412
75,000
Roper
Technologies,
Inc
2
.000
06/30/30
57,425
200,000
salesforce.com,
Inc
2
.700
07/15/41
137,690
50,000
Visa,
Inc
2
.700
04/15/40
36,145
TOTAL
SOFTWARE
&
SERVICES
930,057
TECHNOLOGY
HARDWARE
&
EQUIPMENT
-
0
.5
%
165,000
Amphenol
Corp
2
.800
02/15/30
138,727
175,000
Apple,
Inc
2
.450
08/04/26
161,365
575,000
Apple,
Inc
2
.050
09/11/26
522,964
60,000
e
Apple,
Inc
2
.650
02/08/51
39,392
65,000
Dell
International
LLC
5
.300
10/01/29
60,563
80,000
g
Imola
Merger
Corp
4
.750
05/15/29
67,492
50,000
g
Sensata
Technologies
BV
4
.000
04/15/29
41,374
TOTAL
TECHNOLOGY
HARDWARE
&
EQUIPMENT
1,031,877
TELECOMMUNICATION
SERVICES
-
2
.3
%
200,000
g
Altice
France
S.A.
5
.125
07/15/29
149,422
200,000
America
Movil
SAB
de
C.V.
4
.700
07/21/32
187,374
564,000
AT&T,
Inc
2
.550
12/01/33
417,554
150,000
AT&T,
Inc
4
.500
05/15/35
129,911
150,000
AT&T,
Inc
3
.500
06/01/41
108,042
480,000
AT&T,
Inc
3
.550
09/15/55
315,281
11,000
AT&T,
Inc
3
.650
09/15/59
7,127
250,000
g
Bharti
Airtel
Ltd
3
.250
06/03/31
201,115
200,000
g
Empresa
Nacional
de
Telecomunicaciones
S.A.
3
.050
09/14/32
147,000
200,000
g
Millicom
International
Cellular
S.A.
4
.500
04/27/31
142,588
200,000
g
MTN
Mauritius
Investment
Ltd
6
.500
10/13/26
191,861
100,000
Telefonica
Emisiones
SAU
4
.103
03/08/27
92,522
100,000
Telefonica
Emisiones
SAU
4
.895
03/06/48
72,820
20,000
T-Mobile
USA,
Inc
2
.250
02/15/26
17,896
455,000
T-Mobile
USA,
Inc
2
.625
02/15/29
375,666
225,000
T-Mobile
USA,
Inc
3
.875
04/15/30
199,579
100,000
T-Mobile
USA,
Inc
3
.000
02/15/41
66,834
100,000
T-Mobile
USA,
Inc
4
.500
04/15/50
80,055
125,000
T-Mobile
USA,
Inc
3
.300
02/15/51
81,437
100,000
Verizon
Communications,
Inc
3
.150
03/22/30
85,059
50,000
Verizon
Communications,
Inc
1
.680
10/30/30
37,472
25,000
Verizon
Communications,
Inc
1
.750
01/20/31
18,749
200,000
Verizon
Communications,
Inc
2
.550
03/21/31
159,686
500,000
Verizon
Communications,
Inc
2
.355
03/15/32
383,413
550,000
Verizon
Communications,
Inc
3
.400
03/22/41
401,582
200,000
g
Vmed
O2
UK
Financing
I
plc
4
.750
07/15/31
154,299
110,000
Vodafone
Group
plc
4
.375
02/19/43
84,145
150,000
Vodafone
Group
plc
4
.250
09/17/50
107,365
TOTAL
TELECOMMUNICATION
SERVICES
4,415,854
TRANSPORTATION
-
0
.3
%
65,000
Burlington
Northern
Santa
Fe
LLC
3
.050
02/15/51
44,205
275,000
Canadian
Pacific
Railway
Co
2
.050
03/05/30
220,457
100,000
CSX
Corp
3
.800
03/01/28
93,788
75,000
CSX
Corp
4
.250
03/15/29
70,686
90,000
g
First
Student
Bidco,
Inc
4
.000
07/31/29
72,918
50,000
Union
Pacific
Corp
2
.891
04/06/36
38,100
100,000
Union
Pacific
Corp
3
.839
03/20/60
74,254
TOTAL
TRANSPORTATION
614,408
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Core
Bond
Fund
September
30,
2022
99
TIAA-CREF
Life
Funds
continued
PRINCIPAL
ISSUER
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
UTILITIES
-
2
.6
%
$
100,000
AEP
Transmission
Co
LLC
3
.100
%
12/01/26
$
93,269
75,000
AEP
Transmission
Co
LLC
4
.000
12/01/46
58,740
100,000
AEP
Transmission
Co
LLC
2
.750
08/15/51
62,481
200,000
g
Aeropuerto
Internacional
de
Tocumen
S.A.
4
.000
08/11/41
148,086
100,000
American
Water
Capital
Corp
3
.000
12/01/26
91,788
250,000
American
Water
Capital
Corp
2
.800
05/01/30
211,265
60,000
American
Water
Capital
Corp
4
.000
12/01/46
46,811
50,000
American
Water
Capital
Corp
3
.750
09/01/47
37,521
100,000
American
Water
Capital
Corp
3
.450
05/01/50
71,422
100,000
Atmos
Energy
Corp
1
.500
01/15/31
75,185
125,000
Baltimore
Gas
&
Electric
Co
3
.750
08/15/47
96,551
200,000
g
Becle
SAB
de
C.V.
2
.500
10/14/31
154,800
50,000
Berkshire
Hathaway
Energy
Co
3
.250
04/15/28
45,347
200,000
Black
Hills
Corp
4
.250
11/30/23
199,139
100,000
Black
Hills
Corp
3
.150
01/15/27
91,555
100,000
e
CenterPoint
Energy
Houston
Electric
LLC
3
.000
03/01/32
84,629
100,000
Commonwealth
Edison
Co
2
.750
09/01/51
62,910
100,000
Consumers
Energy
Co
2
.650
08/15/52
61,933
60,000
e
Dominion
Energy,
Inc
2
.250
08/15/31
46,786
190,000
Dominion
Energy,
Inc
3
.300
04/15/41
136,998
405,000
Duke
Energy
Corp
3
.300
06/15/41
282,447
50,000
Duke
Energy
Progress
LLC
2
.500
08/15/50
29,590
100,000
Edison
International
5
.375
N/A‡
82,250
200,000
g
ENN
Energy
Holdings
Ltd
2
.625
09/17/30
161,618
195,000
Eversource
Energy
1
.650
08/15/30
146,953
40,000
g
Ferrellgas
Escrow
LLC
5
.375
04/01/26
35,200
44,000
g
Ferrellgas
Escrow
LLC
5
.875
04/01/29
36,093
100,000
Florida
Power
&
Light
Co
3
.990
03/01/49
80,862
75,000
Indiana
Michigan
Power
Co
3
.750
07/01/47
55,191
200,000
g
Israel
Electric
Corp
Ltd
3
.750
02/22/32
171,989
200,000
g
Korea
Electric
Power
Corp
1
.125
06/15/25
180,189
150,000
MidAmerican
Energy
Co
3
.650
04/15/29
138,305
95,000
MidAmerican
Energy
Co
3
.650
08/01/48
71,863
130,000
NextEra
Energy
Capital
Holdings,
Inc
2
.250
06/01/30
103,713
310,000
NiSource,
Inc
1
.700
02/15/31
229,393
85,000
g
NRG
Energy,
Inc
2
.450
12/02/27
69,585
50,000
NRG
Energy,
Inc
5
.750
01/15/28
46,144
100,000
NSTAR
Electric
Co
3
.950
04/01/30
92,998
100,000
Ohio
Power
Co
4
.150
04/01/48
80,064
100,000
Ohio
Power
Co
4
.000
06/01/49
76,798
50,000
ONE
Gas,
Inc
3
.610
02/01/24
49,046
12,000
g
Pattern
Energy
Operations
LP
4
.500
08/15/28
10,403
100,000
PECO
Energy
Co
3
.000
09/15/49
65,957
200,000
PECO
Energy
Co
2
.800
06/15/50
128,553
200,000
g
Perusahaan
Listrik
Negara
PT
3
.875
07/17/29
170,348
125,000
Public
Service
Co
of
Colorado
1
.875
06/15/31
97,623
125,000
Public
Service
Co
of
Colorado
3
.200
03/01/50
87,638
200,000
g
Saka
Energi
Indonesia
PT
4
.450
05/05/24
184,003
75,000
Virginia
Electric
&
Power
Co
2
.950
11/15/26
69,104
50,000
e
Virginia
Electric
&
Power
Co
3
.500
03/15/27
46,850
TOTAL
UTILITIES
4,957,986
TOTAL
CORPORATE
BONDS
65,484,074
(Cost
$78,577,381)
GOVERNMENT
BONDS
-
43
.2
%
FOREIGN
GOVERNMENT
BONDS
-
2
.3
%
200,000
g
African
Export-Import
Bank
2
.634
05/17/26
173,552
200,000
g
Angolan
Government
International
Bond
8
.750
04/14/32
147,862
EUR
100,000
g
Banque
Ouest
Africaine
de
Developpement
2
.750
01/22/33
70,960
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Core
Bond
Fund
September
30,
2022
100
TIAA-CREF
Life
Funds
continued
PRINCIPAL
ISSUER
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
FOREIGN
GOVERNMENT
BONDS—continued
$
50,000
g
Bermuda
Government
International
Bond
4
.750
%
02/15/29
$
48,029
200,000
g
BNG
Bank
NV
2
.625
02/27/24
195,118
400,000
Colombia
Government
International
Bond
3
.250
04/22/32
270,346
200,000
g
Costa
Rica
Government
International
Bond
5
.625
04/30/43
142,079
200,000
g
Dominican
Republic
Government
International
Bond
4
.875
09/23/32
150,362
13,286
g
Ecuador
Government
International
Bond
0
.000
07/31/30
3,811
79,525
g
Ecuador
Government
International
Bond
(Step
Bond)
5
.000
07/31/30
37,442
56,442
g
Ecuador
Government
International
Bond
(Step
Bond)
1
.000
07/31/35
18,575
200,000
g
Egypt
Government
International
Bond
7
.053
01/15/32
120,500
100,000
European
Investment
Bank
4
.875
02/15/36
107,216
200,000
g
Export-Import
Bank
of
India
2
.250
01/13/31
148,853
200,000
g
Guatemala
Government
Bond
3
.700
10/07/33
145,004
171,875
g
Iraq
Government
International
Bond
5
.800
01/15/28
140,750
200,000
Japan
Bank
for
International
Cooperation
2
.375
04/20/26
185,293
100,000
g
Japan
Finance
Organization
for
Municipalities
3
.000
03/12/24
97,770
300,000
e,g
Jordan
Government
International
Bond
4
.950
07/07/25
276,292
200,000
g
Korea
Hydro
&
Nuclear
Power
Co
Ltd
1
.250
04/27/26
175,115
25,000
e
Mexico
Government
International
Bond
3
.250
04/16/30
20,844
32,000
Mexico
Government
International
Bond
6
.050
01/11/40
29,593
275,000
Mexico
Government
International
Bond
4
.280
08/14/41
200,018
160,000
Panama
Notas
del
Tesoro
3
.750
04/17/26
151,880
130,000
Peruvian
Government
International
Bond
3
.000
01/15/34
97,611
200,000
g
Qatar
Government
International
Bond
3
.750
04/16/30
187,686
300,000
g
Republic
of
Uzbekistan
International
Bond
4
.750
02/20/24
281,926
275,000
g
Rwanda
International
Government
Bond
5
.500
08/09/31
198,954
500,000
g
Saudi
Government
International
Bond
3
.750
01/21/55
368,901
200,000
g
Serbia
International
Bond
2
.125
12/01/30
130,444
TOTAL
FOREIGN
GOVERNMENT
BONDS
4,322,786
MORTGAGE
BACKED
-
20
.0
%
210,000
g,i
Connecticut
Avenue
Securities
Trust
4
.181
12/25/41
191,753
100,000
g,i
Connecticut
Avenue
Securities
Trust
6
.781
01/25/42
89,834
255,000
g,i
Connecticut
Avenue
Securities
Trust
5
.381
03/25/42
239,474
460,000
g,i
Connecticut
Avenue
Securities
Trust
6
.131
05/25/42
436,764
310,000
g,i
Connecticut
Avenue
Securities
Trust
6
.955
06/25/42
307,481
55,560
i
Federal
Home
Loan
Mortgage
Corp
(FHLMC)
LIBOR
1
M
+
5.920%
3
.102
03/15/44
4,999
242,783
FHLMC
4
.000
10/01/47
230,087
18,085
FHLMC
4
.000
06/01/48
17,109
97,811
i
FHLMC
LIBOR
1
M
+
9.920%
5
.412
06/15/48
91,276
11,007
FHLMC
4
.000
07/01/48
10,404
130,570
i
FHLMC
LIBOR
1
M
+
9.840%
5
.332
10/15/48
118,837
1,021,620
FHLMC
3
.000
11/01/49
904,733
239,867
FHLMC
2
.000
09/25/50
28,267
488,158
FHLMC
2
.500
02/25/51
78,232
242,109
FHLMC
3
.000
11/01/51
214,510
210,364
FHLMC
3
.000
11/01/51
185,094
38,356
FHLMC
3
.000
11/01/51
34,158
61,537
FHLMC
3
.000
11/01/51
54,522
647,013
FHLMC
2
.000
02/01/52
526,368
841,883
FHLMC
2
.500
02/01/52
711,399
682,938
FHLMC
2
.500
03/01/52
575,111
580,741
FHLMC
2
.500
03/01/52
490,369
76,606
FHLMC
3
.000
04/01/52
67,056
430,164
FHLMC
4
.500
06/01/52
410,953
415,027
FHLMC
4
.500
07/01/52
396,493
60,401
FHLMC
4
.000
08/25/52
53,771
16,653
Federal
Home
Loan
Mortgage
Corp
Gold
(FGLMC)
5
.000
06/01/36
16,802
5,123
FGLMC
5
.000
07/01/39
5,170
144,184
FGLMC
3
.500
04/01/45
132,577
411,711
FGLMC
3
.500
08/01/45
380,096
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Core
Bond
Fund
September
30,
2022
101
TIAA-CREF
Life
Funds
continued
PRINCIPAL
ISSUER
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
MORTGAGE
BACKED—continued
$
151,389
FGLMC
4
.000
%
12/01/45
$
144,364
10,999
FGLMC
4
.500
06/01/47
10,804
263,989
FGLMC
4
.000
09/01/47
250,976
93,609
FGLMC
3
.500
12/01/47
85,724
62,897
FGLMC
4
.000
07/01/48
59,520
85,305
FGLMC
4
.500
08/01/48
83,268
103,253
Federal
National
Mortgage
Association
(FNMA)
3
.500
06/01/32
97,426
131,963
FNMA
3
.000
10/01/32
122,986
73,532
FNMA
5
.000
05/01/35
74,106
6,359
FNMA
7
.500
07/01/35
6,358
83,137
FNMA
5
.000
02/01/36
83,638
248,105
FNMA
3
.000
09/01/37
230,535
370,000
FNMA
3
.500
10/01/37
349,968
570,000
h
FNMA
4
.000
10/25/37
549,872
285,000
h
FNMA
4
.500
10/25/37
279,879
80,608
FNMA
3
.000
10/01/39
71,818
62,930
FNMA
3
.000
05/01/40
56,116
127,631
FNMA
5
.000
09/01/40
128,635
542,832
FNMA
2
.000
03/01/42
453,683
61,829
FNMA
4
.000
09/01/42
58,702
78,784
i
FNMA
LIBOR
1
M
+
5.950%
2
.866
09/25/43
7,935
35,775
FNMA
4
.000
01/01/44
34,053
41,981
FNMA
4
.500
03/01/44
41,128
159,722
FNMA
4
.500
10/01/44
155,519
277,778
FNMA
4
.500
11/01/44
270,527
68,190
FNMA
5
.000
11/01/44
68,727
23,460
FNMA
4
.000
01/01/45
22,210
79,859
FNMA
4
.000
12/01/45
75,888
325,163
FNMA
3
.500
01/01/46
298,710
205,448
FNMA
4
.000
01/01/46
195,149
18,945
FNMA
4
.000
04/01/46
17,939
130,634
FNMA
3
.500
07/01/46
120,009
332,203
FNMA
3
.500
07/01/46
305,143
56,712
FNMA
3
.000
10/01/46
49,054
6,697
FNMA
3
.000
11/01/47
5,799
153,275
FNMA
3
.500
11/01/47
140,796
249,500
FNMA
4
.000
12/01/47
235,235
195,126
FNMA
3
.500
01/01/48
178,321
84,227
FNMA
4
.500
01/01/48
82,132
81,120
FNMA
4
.500
02/01/48
79,103
66,252
FNMA
4
.000
03/01/48
62,602
324,646
FNMA
4
.500
03/01/48
316,573
49,203
FNMA
4
.500
05/01/48
47,979
68,669
FNMA
4
.500
05/01/48
66,962
88,823
FNMA
5
.000
08/01/48
87,880
260,145
FNMA
3
.000
07/01/50
228,814
170,579
FNMA
2
.000
08/25/50
24,067
525,589
FNMA
2
.500
11/25/50
77,711
93,919
FNMA
3
.000
02/25/51
19,323
1,444,903
FNMA
2
.000
04/01/51
1,176,513
166,567
FNMA
3
.000
09/01/51
146,635
215,782
FNMA
2
.500
11/25/51
30,402
472,910
FNMA
2
.000
12/01/51
384,292
160,181
FNMA
2
.000
01/01/52
130,612
288,615
FNMA
2
.500
01/01/52
243,107
24,125
FNMA
3
.000
01/01/52
21,145
617,461
FNMA
2
.000
02/01/52
502,321
489,351
FNMA
2
.500
02/01/52
413,198
384,327
FNMA
2
.500
02/01/52
323,406
346,890
FNMA
2
.500
02/01/52
291,976
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Core
Bond
Fund
September
30,
2022
102
TIAA-CREF
Life
Funds
continued
PRINCIPAL
ISSUER
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
MORTGAGE
BACKED—continued
$
572,624
FNMA
2
.500
%
02/01/52
$
483,872
303,378
FNMA
3
.500
02/01/52
274,940
344,037
FNMA
2
.000
03/01/52
279,564
0
FNMA
2
.500
04/01/52
0
89,233
FNMA
3
.000
04/01/52
78,109
718,429
FNMA
3
.000
04/01/52
627,320
117,456
FNMA
3
.000
04/01/52
102,812
582,743
FNMA
3
.000
04/01/52
509,007
1,260,922
FNMA
3
.000
04/01/52
1,103,722
28,972
h
FNMA
3
.500
04/01/52
26,107
448,390
FNMA
3
.500
05/01/52
404,054
356,499
FNMA
3
.500
05/01/52
321,319
570,286
FNMA
4
.000
05/01/52
530,023
172,383
h
FNMA
3
.500
06/01/52
155,489
798,167
FNMA
4
.000
06/01/52
741,492
223,101
FNMA
4
.500
06/01/52
213,138
1,586,219
FNMA
4
.000
07/01/52
1,473,569
190,198
FNMA
4
.500
07/01/52
181,704
114,745
h
FNMA
4
.500
07/01/52
109,620
813,926
FNMA
4
.500
07/01/52
777,577
1,749,918
FNMA
5
.000
08/01/52
1,706,490
278,768
FNMA
4
.000
09/01/52
258,798
174,104
h
FNMA
4
.500
09/01/52
166,328
993,760
FNMA
5
.000
09/01/52
969,106
74,247
FNMA
4
.000
09/25/52
64,444
90,300
FNMA
4
.000
09/25/52
79,650
75,000
†
FNMA
4
.500
10/25/52
72,185
80,000
†
FNMA
4
.500
10/25/52
77,567
100,000
h
FNMA
6
.000
11/25/52
101,215
100,000
g,i
Freddie
Mac
STACR
REMIC
Trust
5
.681
10/25/41
89,812
80,000
g,i
Freddie
Mac
STACR
REMIC
Trust
5
.781
03/25/42
76,758
505,000
g,i
Freddie
Mac
STACR
REMIC
Trust
5
.631
05/25/42
481,144
10,000
g,i
Freddie
Mac
STACR
REMIC
Trust
5
.831
08/25/42
9,408
290,000
g,i
Freddie
Mac
STACR
REMIC
Trust
5
.985
09/25/42
282,378
120,000
g,i
Freddie
Mac
Structured
Agency
Credit
Risk
Debt
Notes
3
.700
11/25/41
106,136
525,000
g,i
Freddie
Mac
Structured
Agency
Credit
Risk
Debt
Notes
4
.681
02/25/42
488,848
530,000
g,i
Freddie
Mac
Structured
Agency
Credit
Risk
Debt
Notes
6
.781
06/25/42
532,522
170,000
g,i
Freddie
Mac
Structured
Agency
Credit
Risk
Debt
Notes
6
.281
07/25/42
163,318
3,822
Government
National
Mortgage
Association
(GNMA)
5
.000
03/15/34
3,779
20,236
GNMA
5
.000
06/15/34
20,009
2,040
GNMA
5
.000
04/15/38
2,035
3,474
GNMA
4
.500
04/15/40
3,375
68,825
GNMA
2
.500
12/20/43
61,675
100,107
GNMA
4
.000
06/20/46
14,131
145,000
†
GNMA
4
.500
09/20/51
138,747
39,084
GNMA
2
.500
02/20/52
32,440
107,927
GNMA
2
.500
05/20/52
92,930
2,086,662
GNMA
3
.000
05/20/52
1,847,631
993,651
GNMA
3
.500
07/20/52
905,748
100,668
GNMA
4
.000
07/20/52
85,876
1,087,739
GNMA
4
.000
08/20/52
1,017,481
399,125
GNMA
4
.500
08/20/52
382,600
145,000
†
GNMA
4
.500
09/20/52
138,301
184,037
g,i
GS
Mortgage-Backed
Securities
Trust
2
.500
03/25/52
145,205
151,909
g,i
GS
Mortgage-Backed
Securities
Trust
2
.500
03/25/52
131,578
138,817
g,i
GS
Mortgage-Backed
Securities
Trust
2
.500
05/01/52
119,719
211,008
g,i
GS
Mortgage-Backed
Securities
Trust
3
.000
08/26/52
170,983
54,523
g,i
J.P.
Morgan
Mortgage
Trust
2
.927
05/25/52
42,035
122,589
g,i
J.P.
Morgan
Mortgage
Trust
3
.000
09/25/52
100,194
117,365
g,i
J.P.
Morgan
Mortgage
Trust
3
.000
11/25/52
97,514
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Core
Bond
Fund
September
30,
2022
103
TIAA-CREF
Life
Funds
continued
PRINCIPAL
ISSUER
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
MORTGAGE
BACKED—continued
$
127,127
g,i
J.P.
Morgan
Mortgage
Trust
3
.000
%
12/25/52
$
102,301
236,209
g,i
JP
Morgan
Mortgage
Trust
2
.500
07/25/52
187,251
337,865
g,i
JP
Morgan
Mortgage
Trust
3
.250
07/25/52
287,327
364,913
g,i
JP
Morgan
Mortgage
Trust
3
.000
08/25/52
295,923
193,783
g,i
JP
Morgan
Mortgage
Trust
3
.000
10/25/52
157,147
122,255
g,i
JP
Morgan
Mortgage
Trust
3
.000
11/25/52
99,446
TOTAL
MORTGAGE
BACKED
37,983,898
MUNICIPAL
BONDS
-
1
.8
%
200,000
City
&
County
of
San
Francisco
CA
Community
Facilities
District
3
.264
09/01/25
191,902
200,000
City
&
County
of
San
Francisco
CA
Community
Facilities
District
4
.038
09/01/34
182,028
300,000
City
of
New
York
NY
3
.430
12/01/24
292,941
150,000
Commonwealth
Financing
Authority
3
.864
06/01/38
127,752
500,000
County
of
Miami-Dade
FL
Aviation
Revenue
3
.049
10/01/26
468,723
350,000
Michigan
Finance
Authority
2
.988
09/01/49
338,673
170,000
New
York
State
Dormitory
Authority
4
.294
07/01/44
148,650
1,400,000
State
of
Illinois
5
.100
06/01/33
1,335,119
300,000
State
of
Oregon
Department
of
Administrative
Services
4
.103
05/01/39
254,550
TOTAL
MUNICIPAL
BONDS
3,340,338
U.S.
TREASURY
SECURITIES
-
19
.1
%
1,100,000
United
States
Treasury
Bond
3
.125
11/15/41
956,871
1,535,700
United
States
Treasury
Bond
3
.000
11/15/45
1,281,590
1,615,000
United
States
Treasury
Bond
2
.875
11/15/46
1,318,875
765,000
United
States
Treasury
Bond
3
.000
05/15/47
640,359
176,000
United
States
Treasury
Bond
3
.375
11/15/48
160,208
1,174,730
k
United
States
Treasury
Inflation
Indexed
Bonds
0
.500
04/15/24
1,141,477
205,000
United
States
Treasury
Note
0
.125
01/31/23
202,626
100,000
United
States
Treasury
Note
0
.125
05/31/23
97,406
1,000,000
United
States
Treasury
Note
0
.875
01/31/24
955,352
310,000
e
United
States
Treasury
Note
3
.250
08/31/24
304,405
220,000
United
States
Treasury
Note
4
.250
09/30/24
220,103
4,235,000
United
States
Treasury
Note
3
.500
09/15/25
4,148,646
1,000,000
United
States
Treasury
Note
0
.875
09/30/26
879,727
495,000
e
United
States
Treasury
Note
3
.125
08/31/27
474,813
65,000
United
States
Treasury
Note
0
.500
10/31/27
54,412
1,439,000
United
States
Treasury
Note
1
.125
08/31/28
1,218,260
1,855,000
United
States
Treasury
Note
1
.375
10/31/28
1,589,068
935,000
United
States
Treasury
Note
3
.125
08/31/29
887,373
6,730,300
e
United
States
Treasury
Note
2
.750
08/15/32
6,154,018
300,000
United
States
Treasury
Note
2
.250
05/15/41
226,793
25,000
United
States
Treasury
Note
1
.750
08/15/41
17,093
500,000
United
States
Treasury
Note
2
.000
11/15/41
357,851
5,111,800
United
States
Treasury
Note
2
.375
02/15/42
3,916,917
500,000
United
States
Treasury
Note
3
.250
05/15/42
443,750
2,492,000
United
States
Treasury
Note
3
.375
08/15/42
2,257,207
7,246,700
United
States
Treasury
Note
2
.875
05/15/52
6,077,037
250,000
United
States
Treasury
Note
3
.000
08/15/52
215,742
TOTAL
U.S.
TREASURY
SECURITIES
36,197,979
TOTAL
GOVERNMENT
BONDS
81,845,001
(Cost
$90,881,426)
STRUCTURED
ASSETS
-
19
.1
%
ASSET
BACKED
-
8
.7
%
250,000
g
Affirm
Asset
Securitization
Trust
1
.660
08/15/25
242,027
Series
-
2021
A
(Class
C)
350,000
g
Affirm
Asset
Securitization
Trust
1
.400
08/17/26
314,707
Series
-
2021
B
(Class
C)
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Core
Bond
Fund
September
30,
2022
104
TIAA-CREF
Life
Funds
continued
PRINCIPAL
ISSUER
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
ASSET
BACKED—continued
$
250,000
g,i
AIMCO
CLO
16
Ltd
LIBOR
3
M
+
1.650%
5
.729
%
01/17/35
$
234,863
Series
-
2021
16A
(Class
B)
250,000
AmeriCredit
Automobile
Receivables
Trust
2
.130
03/18/26
234,583
Series
-
2020
2
(Class
D)
250,000
AmeriCredit
Automobile
Receivables
Trust
1
.490
09/18/26
232,490
Series
-
2020
3
(Class
D)
250,000
AmeriCredit
Automobile
Receivables
Trust
1
.210
12/18/26
225,309
Series
-
2021
1
(Class
D)
100,000
g
AMSR
Trust
3
.148
01/19/39
89,313
Series
-
2019
SFR1
(Class
C)
100,000
g
AMSR
Trust
3
.247
01/19/39
88,439
Series
-
2019
SFR1
(Class
D)
238,818
g
Apollo
aviation
securitization
2
.798
01/15/47
188,763
Series
-
2021
2A
(Class
A)
174,498
g
BRE
Grand
Islander
Timeshare
Issuer
LLC
3
.280
09/26/33
163,583
Series
-
2019
A
(Class
A)
94,996
g
Capital
Automotive
REIT
1
.440
08/15/51
80,878
Series
-
2021
1A
(Class
A1)
99,917
g
Capital
Automotive
REIT
1
.920
08/15/51
84,628
Series
-
2021
1A
(Class
A3)
1,250,000
CarMax
Auto
Owner
Trust
1
.280
07/15/27
1,102,119
Series
-
2021
1
(Class
D)
98,250
g
Cars
Net
Lease
Mortgage
Notes
Series
2
.010
12/15/50
82,684
Series
-
2020
1A
(Class
A1)
99,125
g
Cars
Net
Lease
Mortgage
Notes
Series
3
.100
12/15/50
86,570
Series
-
2020
1A
(Class
A3)
100,000
g
Cars
Net
Lease
Mortgage
Notes
Series
4
.690
12/15/50
90,059
Series
-
2020
1A
(Class
B1)
100,000
Carvana
Auto
Receivables
Trust
1
.720
09/11/28
95,601
Series
-
2021
N4
(Class
C)
345,000
g
Carvana
Auto
Receivables
Trust
4
.130
12/11/28
325,239
Series
-
2022
N1
(Class
D)
250,000
g,i
Cayuga
Park
CLO
Ltd
LIBOR
3
M
+
1.650%
1
.000
07/17/34
234,921
Series
-
2020
1A
(Class
B1R)
144,702
†,g,i
CBRE
Realty
Finance
LIBOR
3
M
+
0.300%
0
.438
04/07/52
362
Series
-
2007
1A
(Class
A2)
3,295
Centex
Home
Equity
5
.540
01/25/32
3,215
Series
-
2002
A
(Class
AF6)
460,252
g
CF
Hippolyta
LLC
1
.690
07/15/60
408,812
Series
-
2020
1
(Class
A1)
225,364
g
CF
Hippolyta
LLC
1
.990
07/15/60
187,774
Series
-
2020
1
(Class
A2)
92,050
g
CF
Hippolyta
LLC
2
.280
07/15/60
80,498
Series
-
2020
1
(Class
B1)
241,126
g
CF
Hippolyta
LLC
1
.530
03/15/61
207,433
Series
-
2021
1A
(Class
A1)
241,126
g
CF
Hippolyta
LLC
1
.980
03/15/61
202,754
Series
-
2021
1A
(Class
B1)
230,000
g
Cologix
Data
Centers
US
Issuer
LLC
3
.300
12/26/51
205,069
Series
-
2021
1A
(Class
A2)
121,250
g
DB
Master
Finance
LLC
4
.352
05/20/49
110,293
Series
-
2019
1A
(Class
A23)
198,500
g
DB
Master
Finance
LLC
2
.045
11/20/51
168,558
Series
-
2021
1A
(Class
A2I)
99,250
g
DB
Master
Finance
LLC
2
.493
11/20/51
81,176
Series
-
2021
1A
(Class
A2II)
47,165
g
Diamond
Resorts
Owner
Trust
3
.700
01/21/31
46,344
Series
-
2018
1
(Class
A)
60,540
g
Diamond
Resorts
Owner
Trust
2
.890
02/20/32
58,951
Series
-
2019
1A
(Class
A)
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Core
Bond
Fund
September
30,
2022
105
TIAA-CREF
Life
Funds
continued
PRINCIPAL
ISSUER
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
ASSET
BACKED—continued
$
47,198
g
Diamond
Resorts
Owner
Trust
2
.050
%
11/21/33
$
42,986
Series
-
2021
1A
(Class
B)
329,875
g
Domino's
Pizza
Master
Issuer
LLC
4
.474
10/25/45
315,462
Series
-
2015
1A
(Class
A2II)
216,563
g
Domino's
Pizza
Master
Issuer
LLC
4
.116
07/25/48
203,831
Series
-
2018
1A
(Class
A2I)
148,125
g
Domino's
Pizza
Master
Issuer
LLC
2
.662
04/25/51
121,979
Series
-
2021
1A
(Class
A2I)
500,000
g
DT
Auto
Owner
Trust
1
.160
11/16/26
461,606
Series
-
2021
1A
(Class
D)
32,762
g,i
Ellington
Loan
Acquisition
Trust
LIBOR
1
M
+
1.100%
4
.184
05/25/37
32,529
Series
-
2007
2
(Class
A2C)
250,000
g
Flexential
Issuer,
LLC
3
.250
11/27/51
217,416
Series
-
2021
1A
(Class
A2)
164,344
g
FNA
VI
LLC
1
.350
01/10/32
150,209
Series
-
2021
1A
(Class
A)
446,000
g,i
GRACIE
POINT
INTERNATIONAL
FUNDING
0
.000
04/01/24
444,832
Series
-
2022
1A
(Class
B)
250,000
g,i
GRACIE
POINT
INTERNATIONAL
FUNDING
6
.380
07/01/24
249,871
Series
-
2022
2A
(Class
B)
72,876
g
HERO
Funding
Trust
3
.190
09/20/48
65,707
Series
-
2017
3A
(Class
A1)
72,876
g
HERO
Funding
Trust
3
.950
09/20/48
66,664
Series
-
2017
3A
(Class
A2)
150,000
g
Hertz
Vehicle
Financing
LLC
1
.560
12/26/25
137,132
Series
-
2021
1A
(Class
B)
116,703
g
Hilton
Grand
Vacations
Trust
2
.960
12/26/28
113,929
Series
-
2017
AA
(Class
B)
92,959
g
Hilton
Grand
Vacations
Trust
2
.340
07/25/33
87,028
Series
-
2019
AA
(Class
A)
4,413
i
Home
Equity
Asset
Trust
LIBOR
1
M
+
1.500%
3
.986
06/25/33
4,337
Series
-
2003
1
(Class
M1)
411,062
g
Horizon
Aircraft
Finance
II
Ltd
3
.721
07/15/39
343,461
Series
-
2019
1
(Class
A)
223,508
g
Horizon
Aircraft
Finance
III
Ltd
3
.425
11/15/39
187,102
Series
-
2019
2
(Class
A)
100,000
g
Hpefs
Equipment
Trust
4
.430
09/20/29
94,408
Series
-
2022
2A
(Class
C)
159,977
g,i
Invitation
Homes
Trust
LIBOR
1
M
+
0.950%
3
.943
03/17/37
158,434
Series
-
2018
SFR1
(Class
B)
99,995
g,i
Invitation
Homes
Trust
LIBOR
1
M
+
1.250%
4
.243
01/17/38
98,024
Series
-
2018
SFR4
(Class
B)
250,000
g,i
La
Vie
Re
Ltd
LIBOR
3
M
+
2.850%
5
.252
10/06/23
245,000
Series
-
2020
A
(Class
)
250,000
g,i
Madison
Park
Funding
LIX
Ltd
LIBOR
3
M
+
2.100%
6
.294
01/18/34
231,637
Series
-
2021
59A
(Class
C)
250,000
g,i
Massachusetts
St
LIBOR
3
M
+
1.650%
5
.729
01/15/35
234,694
Series
-
2021
3A
(Class
B)
118,717
g
MVW
LLC
1
.830
05/20/39
105,850
Series
-
2021
2A
(Class
B)
141,160
g
MVW
Owner
Trust
2
.420
12/20/34
137,993
Series
-
2017
1A
(Class
A)
97,455
g
MVW
Owner
Trust
3
.450
01/21/36
94,595
Series
-
2018
1A
(Class
A)
83,447
g
MVW
Owner
Trust
3
.000
11/20/36
78,531
Series
-
2019
1A
(Class
B)
41,180
g
Navient
Private
Education
Refi
Loan
Trust
1
.310
01/15/69
37,407
Series
-
2020
HA
(Class
A)
163,136
g
Navient
Student
Loan
Trust
3
.390
12/15/59
154,507
Series
-
2019
BA
(Class
A2A)
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Core
Bond
Fund
September
30,
2022
106
TIAA-CREF
Life
Funds
continued
PRINCIPAL
ISSUER
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
ASSET
BACKED—continued
$
250,000
g,i
Navistar
Financial
Dealer
Note
Master
Owner
Trust
II
0
.000
%
05/25/27
$
250,363
Series
-
2022
1
(Class
B)
250,000
g,i
Neuberger
Berman
Loan
Advisers
Clo
40
Ltd
LIBOR
3
M
+
1.060%
3
.800
04/16/33
243,191
Series
-
2021
40A
(Class
A)
250,000
g,i
Neuberger
Berman
Loan
Advisers
Clo
40
Ltd
LIBOR
3
M
+
1.400%
4
.140
04/16/33
235,649
Series
-
2021
40A
(Class
B)
239,111
g
Oak
Street
Investment
Grade
Net
Lease
Fund
Series
1
.480
01/20/51
211,236
Series
-
2021
1A
(Class
A1)
98,573
g
Oak
Street
Investment
Grade
Net
Lease
Fund
Series
2
.380
11/20/51
85,997
Series
-
2021
2A
(Class
A1)
250,000
g,i
OHA
Credit
Funding
10
Ltd
LIBOR
3
M
+
1.650%
5
.844
01/18/36
234,853
Series
-
2021
10A
(Class
B)
160,907
g
OneMain
Financial
Issuance
Trust
3
.840
05/14/32
159,915
Series
-
2020
1A
(Class
A)
150,000
g
OneMain
Financial
Issuance
Trust
1
.750
09/14/35
132,056
Series
-
2020
2A
(Class
A)
250,000
g
Oportun
Funding
XIV
LLC
1
.210
03/08/28
232,114
Series
-
2021
A
(Class
A)
200,000
g
PFS
Financing
Corp
1
.270
06/15/25
194,470
Series
-
2020
A
(Class
A)
250,000
g
PFS
Financing
Corp
1
.770
06/15/25
243,588
Series
-
2020
A
(Class
B)
250,000
g
PFS
Financing
Corp
0
.960
04/15/26
232,106
Series
-
2021
A
(Class
B)
250,000
Santander
Drive
Auto
Receivables
Trust
1
.480
01/15/27
240,313
Series
-
2020
4
(Class
D)
243,125
g
SERVPRO
Master
Issuer
LLC
3
.882
10/25/49
214,864
Series
-
2019
1A
(Class
A2)
379,864
†,g
Settlement
Fee
Finance
LLC
3
.840
11/01/49
365,099
Series
-
2019
1A
(Class
A)
46,900
g
Sierra
Timeshare
Receivables
Funding
LLC
3
.200
01/20/36
45,645
Series
-
2019
1A
(Class
A)
43,511
g
Sierra
Timeshare
Receivables
Funding
LLC
0
.990
11/20/37
40,318
Series
-
2021
1A
(Class
A)
43,511
g
Sierra
Timeshare
Receivables
Funding
LLC
1
.340
11/20/37
40,355
Series
-
2021
1A
(Class
B)
43,511
g
Sierra
Timeshare
Receivables
Funding
LLC
1
.790
11/20/37
39,834
Series
-
2021
1A
(Class
C)
116,746
g
SoFi
Professional
Loan
Program
LLC
2
.840
01/25/41
113,849
Series
-
2017
F
(Class
A2FX)
376,979
g
Sonic
Capital
LLC
3
.845
01/20/50
341,519
Series
-
2020
1A
(Class
A2I)
175,000
g
Stack
Infrastructure
Issuer
LLC
1
.893
08/25/45
155,368
Series
-
2020
1A
(Class
A2)
250,000
g
Stack
Infrastructure
Issuer
LLC
1
.877
03/26/46
215,032
Series
-
2021
1A
(Class
A2)
4,858
i
Structured
Asset
Investment
Loan
Trust
LIBOR
1
M
+
0.900%
3
.984
09/25/34
4,710
Series
-
2004
8
(Class
M1)
94,750
g
Taco
Bell
Funding
LLC
4
.970
05/25/46
91,210
Series
-
2016
1A
(Class
A23)
129,025
g
Taco
Bell
Funding
LLC
1
.946
08/25/51
107,780
Series
-
2021
1A
(Class
A2I)
99,250
g
Taco
Bell
Funding
LLC
2
.294
08/25/51
79,305
Series
-
2021
1A
(Class
A2II)
250,000
g,i
TICP
CLO
VIII
Ltd
LIBOR
3
M
+
1.700%
5
.943
10/20/34
235,298
Series
-
2017
8A
(Class
A2R)
250,000
g,i
Ursa
Re
II
Ltd
U.S.
Treasury
Bill
3
M
+
3.750%
7
.000
12/07/23
242,500
Series
-
2020
A
(Class
)
250,000
g,i
Vitality
Re
X
Ltd
U.S.
Treasury
Bill
3
M
+
1.750%
4
.995
01/10/23
248,700
Series
-
2020
A
(Class
)
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Core
Bond
Fund
September
30,
2022
107
TIAA-CREF
Life
Funds
continued
PRINCIPAL
ISSUER
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
ASSET
BACKED—continued
$
286,375
g
Wendy's
Funding
LLC
2
.370
%
06/15/51
$
227,660
Series
-
2021
1A
(Class
A2I)
TOTAL
ASSET
BACKED
16,380,073
OTHER
MORTGAGE
BACKED
-
10
.4
%
120,208
g,i
Agate
Bay
Mortgage
Trust
3
.500
09/25/45
109,508
Series
-
2015
6
(Class
A9)
100,000
g,i
Angel
Oak
Mortgage
Trust
2
.837
11/25/66
66,740
Series
-
2021
8
(Class
A3)
500,000
g
BANK
2
.500
10/17/52
339,420
Series
-
2019
BN21
(Class
D)
93,189
g,i
Bayview
MSR
Opportunity
Master
Fund
Trust
3
.000
10/25/51
74,995
Series
-
2021
6
(Class
A19)
200,000
g
BBCMS
Trust
4
.197
08/10/35
185,443
Series
-
2015
SRCH
(Class
A2)
400,000
Benchmark
Mortgage
Trust
4
.267
03/15/52
362,583
Series
-
2019
B9
(Class
AS)
500,000
i
Benchmark
Mortgage
Trust
2
.244
08/15/54
368,590
Series
-
2021
B28
(Class
B)
500,000
Benchmark
Mortgage
Trust
2
.429
08/15/54
378,539
Series
-
2021
B28
(Class
AS)
0
g
BXP
Trust
3
.459
08/13/37
0
Series
-
2017
CC
(Class
A)
250,000
g,i
CF
Mortgage
Trust
3
.603
04/15/52
250,349
Series
-
2020
P1
(Class
A2)
402,324
CFCRE
Commercial
Mortgage
Trust
3
.644
12/10/54
389,893
Series
-
2016
C7
(Class
ASB)
7,136
i
CHL
Mortgage
Pass-Through
Trust
2
.522
02/20/35
7,132
Series
-
2004
HYB9
(Class
1A1)
250,000
g,i
Citigroup
Commercial
Mortgage
Trust
3
.635
05/10/35
239,938
Series
-
2013
375P
(Class
B)
100,000
g,i
Citigroup
Commercial
Mortgage
Trust
4
.631
07/10/47
91,363
Series
-
2014
GC23
(Class
D)
276,000
Citigroup
Commercial
Mortgage
Trust
3
.199
08/10/56
228,078
Series
-
2019
GC41
(Class
B)
205,907
COMM
Mortgage
Trust
2
.853
10/15/45
205,497
Series
-
2012
CR4
(Class
A3)
1,000,000
g,i
COMM
Mortgage
Trust
4
.048
06/10/46
983,931
Series
-
2013
CR8
(Class
B)
500,000
g,i
COMM
Mortgage
Trust
4
.926
06/10/47
453,208
Series
-
2014
UBS3
(Class
D)
300,000
i
COMM
Mortgage
Trust
3
.603
03/10/48
284,649
Series
-
2015
CR22
(Class
AM)
200,000
g,i
COMM
Mortgage
Trust
4
.207
03/10/48
175,767
Series
-
2015
CR22
(Class
D)
0
COMM
Mortgage
Trust
3
.801
05/10/48
0
Series
-
2015
CR23
(Class
AM)
550,000
i
COMM
Mortgage
Trust
4
.183
05/10/48
518,195
Series
-
2015
CR23
(Class
B)
200,000
i
COMM
Mortgage
Trust
4
.428
05/10/48
186,803
Series
-
2015
CR23
(Class
C)
500,000
COMM
Mortgage
Trust
3
.696
08/10/48
479,509
Series
-
2015
CR24
(Class
A5)
250,000
COMM
Mortgage
Trust
3
.984
10/10/48
235,258
Series
-
2015
CR27
(Class
AM)
600,000
i
COMM
Mortgage
Trust
4
.158
10/10/48
566,906
Series
-
2015
LC23
(Class
AM)
69,983
i
Connecticut
Avenue
Securities
Trust
LIBOR
1
M
+
2.600%
5
.684
05/25/24
69,877
Series
-
2014
C02
(Class
1M2)
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Core
Bond
Fund
September
30,
2022
108
TIAA-CREF
Life
Funds
continued
PRINCIPAL
ISSUER
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
OTHER
MORTGAGE
BACKED—continued
$
40,975
i
Connecticut
Avenue
Securities
Trust
LIBOR
1
M
+
3.000%
6
.084
%
07/25/24
$
41,171
Series
-
2014
C03
(Class
1M2)
25,000
g,i
Connecticut
Avenue
Securities
Trust
3
.831
10/25/41
23,781
Series
-
2021
R01
(Class
1M2)
80,000
g,i
Connecticut
Avenue
Securities
Trust
5
.031
12/25/41
68,054
Series
-
2021
R03
(Class
1B1)
280,000
g,i
Connecticut
Avenue
Securities
Trust
5
.781
03/25/42
266,815
Series
-
2022
R03
(Class
1M2)
105,000
g,i
Connecticut
Avenue
Securities
Trust
5
.281
04/25/42
97,148
Series
-
2022
R05
(Class
2M2)
183,000
g,i
Connecticut
Avenue
Securities
Trust
SOFR
+
3.600%
5
.905
07/25/42
173,746
Series
-
2022
R08
(Class
1M2)
115,229
g,i
Credit
Suisse
Mortgage
Capital
Certificates
2
.405
10/25/66
96,932
Series
-
2021
NQM8
(Class
A3)
200,000
DBJPM
Mortgage
Trust
2
.340
08/15/53
156,009
Series
-
2020
C9
(Class
AM)
89,146
g,i
Flagstar
Mortgage
Trust
4
.044
10/25/47
80,429
Series
-
2017
2
(Class
B3)
3,631
g,i
Flagstar
Mortgage
Trust
4
.000
09/25/48
3,470
Series
-
2018
5
(Class
A11)
180,542
g,i
Flagstar
Mortgage
Trust
2
.500
06/01/51
142,447
Series
-
2021
4
(Class
A21)
270,574
g,i
Flagstar
Mortgage
Trust
3
.000
10/25/51
224,495
Series
-
2021
10IN
(Class
A1)
110,000
g,i
Freddie
Mac
STACR
REMIC
Trust
4
.781
01/25/42
96,349
Series
-
2022
DNA1
(Class
M2)
200,000
g,i
Freddie
Mac
STACR
REMIC
Trust
5
.181
04/25/42
189,242
Series
-
2022
DNA3
(Class
M1B)
4,628
g,i
GS
Mortgage-Backed
Securities
Corp
Trust
4
.000
11/25/49
4,414
Series
-
2019
PJ2
(Class
A4)
33,757
g,i
GS
Mortgage-Backed
Securities
Corp
Trust
3
.000
01/25/51
28,527
Series
-
2020
PJ4
(Class
A4)
87,153
g,i
GS
Mortgage-Backed
Securities
Corp
Trust
2
.500
10/25/51
68,763
Series
-
2021
PJ5
(Class
A4)
187,709
g,i
GS
Mortgage-Backed
Securities
Corp
Trust
3
.000
06/25/52
151,754
Series
-
2022
PJ2
(Class
A36)
81,028
g,i
GS
Mortgage-Backed
Securities
Trust
2
.500
07/25/51
63,023
Series
-
2021
PJ2
(Class
A4)
251,460
g,i
GS
Mortgage-Backed
Securities
Trust
2
.500
11/25/51
197,838
Series
-
2021
PJ6
(Class
A4)
332,833
g,i
GS
Mortgage-Backed
Securities
Trust
2
.500
01/25/52
262,604
Series
-
2021
PJ7
(Class
A4)
162,648
g,i
GS
Mortgage-Backed
Securities
Trust
2
.500
01/25/52
128,329
Series
-
2021
PJ8
(Class
A4)
117,907
g,i
GS
Mortgage-Backed
Securities
Trust
3
.000
07/25/52
94,888
Series
-
2022
INV1
(Class
A4)
180,180
g,i
GS
Mortgage-Backed
Securities
Trust
3
.000
09/25/52
145,003
Series
-
2022
HP1
(Class
A4)
136,717
g,i
GS
Mortgage-Backed
Securities
Trust
3
.000
10/25/52
110,026
Series
-
2022
PJ5
(Class
A36)
28,810
i
HarborView
Mortgage
Loan
Trust
LIBOR
1
M
+
0.620%
3
.613
08/19/45
26,518
Series
-
2005
11
(Class
2A1A)
400,000
g
Hudson
Yards
Mortgage
Trust
2
.835
08/10/38
359,452
Series
-
2016
10HY
(Class
A)
41,187
g,i
Imperial
Fund
Mortgage
Trust
2
.051
10/25/55
37,957
Series
-
2020
NQM1
(Class
A3)
60,047
g,i
JP
Morgan
Mortgage
Trust
LIBOR
1
M
-
0.000%
3
.413
12/25/44
58,371
Series
-
2015
1
(Class
B1)
9,058
g,i
JP
Morgan
Mortgage
Trust
3
.500
05/25/46
8,180
Series
-
2016
1
(Class
A13)
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Core
Bond
Fund
September
30,
2022
109
TIAA-CREF
Life
Funds
continued
PRINCIPAL
ISSUER
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
OTHER
MORTGAGE
BACKED—continued
$
22,357
g,i
JP
Morgan
Mortgage
Trust
3
.500
%
05/25/47
$
19,921
Series
-
2017
2
(Class
A13)
22,746
g,i
JP
Morgan
Mortgage
Trust
3
.500
09/25/48
19,777
Series
-
2018
3
(Class
A13)
59,432
g,i
JP
Morgan
Mortgage
Trust
3
.500
10/25/48
51,771
Series
-
2018
5
(Class
A13)
47,050
g,i
JP
Morgan
Mortgage
Trust
3
.124
10/26/48
45,018
Series
-
2017
5
(Class
A2)
2,931
g,i
JP
Morgan
Mortgage
Trust
4
.000
01/25/49
2,739
Series
-
2018
8
(Class
A13)
2,305
g,i
JP
Morgan
Mortgage
Trust
4
.000
02/25/49
2,151
Series
-
2018
9
(Class
A13)
10,107
g,i
JP
Morgan
Mortgage
Trust
4
.000
05/25/49
9,563
Series
-
2019
1
(Class
A15)
2,834
g,i
JP
Morgan
Mortgage
Trust
4
.000
05/25/49
2,681
Series
-
2019
1
(Class
A3)
20,516
g,i
JP
Morgan
Mortgage
Trust
LIBOR
1
M
+
0.950%
4
.034
10/25/49
20,274
Series
-
2019
INV1
(Class
A11)
99,151
g,i
JP
Morgan
Mortgage
Trust
3
.836
06/25/50
80,593
Series
-
2020
1
(Class
B2)
151,104
g,i
JP
Morgan
Mortgage
Trust
2
.500
10/25/51
118,242
Series
-
2021
6
(Class
A15)
73,276
g,i
JP
Morgan
Mortgage
Trust
2
.500
11/25/51
57,340
Series
-
2021
7
(Class
A15)
100,933
g,i
JP
Morgan
Mortgage
Trust
2
.500
12/25/51
79,636
Series
-
2021
8
(Class
A15)
89,768
g,i
JP
Morgan
Mortgage
Trust
2
.500
12/25/51
70,603
Series
-
2021
10
(Class
A15)
153,762
g,i
JP
Morgan
Mortgage
Trust
2
.500
01/25/52
121,318
Series
-
2021
11
(Class
A15)
86,061
g,i
JP
Morgan
Mortgage
Trust
2
.500
02/25/52
67,902
Series
-
2021
12
(Class
A15)
73,408
g,i
JP
Morgan
Mortgage
Trust
3
.350
04/25/52
55,425
Series
-
2021
INV6
(Class
B2)
122,346
g,i
JP
Morgan
Mortgage
Trust
3
.350
04/25/52
93,816
Series
-
2021
INV6
(Class
B1)
63,920
g,i
JP
Morgan
Mortgage
Trust
2
.500
05/25/52
50,432
Series
-
2021
14
(Class
A15)
228,066
g,i
JP
Morgan
Mortgage
Trust
2
.500
06/25/52
179,943
Series
-
2021
15
(Class
A15)
238,784
g,i
JP
Morgan
Mortgage
Trust
3
.000
08/25/52
193,046
Series
-
2022
2
(Class
A25)
371,259
g,i
JP
Morgan
Mortgage
Trust
3
.500
09/25/52
323,114
Series
-
2022
LTV2
(Class
A6)
500,000
i
JPMBB
Commercial
Mortgage
Securities
Trust
3
.917
05/15/48
473,044
Series
-
2015
C29
(Class
AS)
400,000
i
JPMBB
Commercial
Mortgage
Securities
Trust
4
.118
05/15/48
371,869
Series
-
2015
C29
(Class
B)
500,000
JPMBB
Commercial
Mortgage
Securities
Trust
4
.106
08/15/48
467,146
Series
-
2015
C31
(Class
AS)
450,000
i
JPMBB
Commercial
Mortgage
Securities
Trust
4
.776
08/15/48
419,058
Series
-
2015
C31
(Class
B)
500,000
g,i
JPMBB
Commercial
Mortgage
Securities
Trust
4
.394
03/17/49
433,031
Series
-
2016
C1
(Class
D1)
115,000
i
JPMDB
Commercial
Mortgage
Securities
Trust
3
.858
03/15/50
105,091
Series
-
2017
C5
(Class
AS)
500,000
g,i
Manhattan
West
2
.413
09/10/39
420,720
Series
-
2020
1MW
(Class
B)
51,924
i
Merrill
Lynch
Mortgage
Investors
Trust
LIBOR
1
M
+
0.520%
2
.278
01/25/37
49,165
Series
-
2006
WMC1
(Class
A1B)
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Core
Bond
Fund
September
30,
2022
110
TIAA-CREF
Life
Funds
continued
PRINCIPAL
ISSUER
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
OTHER
MORTGAGE
BACKED—continued
$
328,128
i
Morgan
Stanley
Bank
of
America
Merrill
Lynch
Trust
4
.384
%
02/15/47
$
321,865
Series
-
2014
C14
(Class
AS)
131,291
g,i
Morgan
Stanley
Residential
Mortgage
Loan
Trust
2
.500
08/25/51
103,589
Series
-
2021
5
(Class
A9)
111,051
g,i
Morgan
Stanley
Residential
Mortgage
Loan
Trust
2
.500
09/25/51
87,619
Series
-
2021
6
(Class
A9)
140,449
g,i
Morgan
Stanley
Residential
Mortgage
Loan
Trust
2
.500
09/25/51
121,336
Series
-
2021
6
(Class
A4)
500,000
g,i
Natixis
Commercial
Mortgage
Securities
Trust
LIBOR
1
M
+
1.500%
4
.318
07/15/36
492,312
Series
-
2019
MILE
(Class
A)
100,000
g,i
New
Residential
Mortgage
Loan
Trust
2
.986
09/25/59
83,761
Series
-
2019
NQM4
(Class
M1)
100,000
g,i
NLT
Trust
2
.569
08/25/56
71,043
Series
-
2021
INV2
(Class
M1)
223,264
g,i
OBX
Trust
2
.500
07/25/51
176,155
Series
-
2021
J2
(Class
A19)
15,977
g,i
OBX
Trust
LIBOR
1
M
+
0.650%
3
.734
06/25/57
15,524
Series
-
2018
1
(Class
A2)
90,127
g,i
Oceanview
Mortgage
Trust
2
.500
05/25/51
71,110
Series
-
2021
1
(Class
A19)
237,259
g,i
RCKT
Mortgage
Trust
2
.500
02/25/52
187,196
Series
-
2022
2
(Class
A22)
98,332
g,i
RCKT
Mortgage
Trust
3
.500
06/25/52
82,152
Series
-
2022
4
(Class
A22)
10,529
g,i
Sequoia
Mortgage
Trust
3
.500
05/25/45
9,346
Series
-
2015
2
(Class
A1)
16,830
g,i
Sequoia
Mortgage
Trust
3
.500
02/25/47
14,995
Series
-
2017
2
(Class
A19)
31,600
g,i
Sequoia
Mortgage
Trust
3
.500
03/25/48
28,583
Series
-
2018
3
(Class
A1)
7,991
g,i
Sequoia
Mortgage
Trust
4
.000
06/25/49
7,706
Series
-
2019
2
(Class
A19)
36,636
g,i
Sequoia
Mortgage
Trust
3
.500
12/25/49
32,549
Series
-
2019
5
(Class
A19)
48,322
g,i
Sequoia
Mortgage
Trust
3
.000
04/25/50
39,066
Series
-
2020
3
(Class
A19)
91,177
g,i
Sequoia
Mortgage
Trust
2
.500
06/25/51
71,938
Series
-
2021
4
(Class
A19)
14,249
g,i
Shellpoint
Co-Originator
Trust
3
.500
04/25/47
12,648
Series
-
2017
1
(Class
A19)
770,000
g
SLG
Office
Trust
2
.851
07/15/41
547,031
Series
-
2021
OVA
(Class
E)
265,000
g,i
Structured
Agency
Credit
Risk
Debt
Note
(STACR)
4
.381
10/25/33
252,812
Series
-
2021
DNA3
(Class
M2)
1,573
g,i
STACR
3
.763
02/25/48
1,509
Series
-
2018
SPI1
(Class
M2)
2,721
g,i
STACR
3
.840
05/25/48
2,611
Series
-
2018
SPI2
(Class
M2)
40,000
g,i
STACR
LIBOR
1
M
+
2.500%
5
.584
02/25/50
36,241
Series
-
2020
DNA2
(Class
B1)
675,000
g,i
UBS-Barclays
Commercial
Mortgage
Trust
3
.875
04/10/46
659,696
Series
-
2013
C6
(Class
B)
100,000
g,i
Verus
Securitization
Trust
3
.207
11/25/59
91,813
Series
-
2019
4
(Class
M1)
37,196
g
Verus
Securitization
Trust
1
.733
05/25/65
33,912
Series
-
2020
5
(Class
A3)
125,838
g,i
Verus
Securitization
Trust
2
.240
10/25/66
103,975
Series
-
2021
7
(Class
A3)
295,000
g
Wells
Fargo
Commercial
Mortgage
Trust
3
.153
09/15/57
245,640
Series
-
2015
NXS3
(Class
D)
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Core
Bond
Fund
September
30,
2022
111
TIAA-CREF
Life
Funds
continued
PRINCIPAL
ISSUER
REFERENCE
RATE
&
SPREAD
RATE
MATURITY
DATE
VALUE
OTHER
MORTGAGE
BACKED—continued
$
2,362
g,i
Wells
Fargo
Mortgage
Backed
Securities
Trust
4
.000
%
04/25/49
$
2,280
Series
-
2019
2
(Class
A17)
14,708
g,i
Wells
Fargo
Mortgage
Backed
Securities
Trust
3
.490
09/25/49
13,059
Series
-
2019
4
(Class
A1)
207,288
g,i
Wells
Fargo
Mortgage
Backed
Securities
Trust
2
.500
06/25/51
163,550
Series
-
2021
2
(Class
A17)
88,694
g,i
Wells
Fargo
Mortgage
Backed
Securities
Trust
3
.000
08/25/51
71,567
Series
-
2021
INV1
(Class
A17)
98,193
g,i
Wells
Fargo
Mortgage
Backed
Securities
Trust
3
.318
08/25/51
79,390
Series
-
2021
INV1
(Class
B1)
97,010
g,i
Wells
Fargo
Mortgage
Backed
Securities
Trust
3
.000
03/25/52
78,070
Series
-
2022
INV1
(Class
A18)
121,262
g,i
Wells
Fargo
Mortgage
Backed
Securities
Trust
3
.500
03/25/52
102,287
Series
-
2022
INV1
(Class
A17)
40,000
WFRBS
Commercial
Mortgage
Trust
3
.345
05/15/45
39,397
Series
-
2013
C13
(Class
AS)
217,224
g,i
Woodward
Capital
Management
3
.000
05/25/52
174,815
Series
-
2022
3
(Class
A21)
TOTAL
OTHER
MORTGAGE
BACKED
19,792,483
TOTAL
STRUCTURED
ASSETS
36,172,556
(Cost
$40,635,027)
TOTAL
BONDS
183,501,631
(Cost
$210,093,834)
SHARES
COMPANY
REFERENCERATE
&
SPREAD
PREFERRED
STOCKS
-
0.1%
BANKS
-
0
.1
%
5,517
*,e,i
Federal
Home
Loan
Mortgage
Corp
(FHLMC)
18,427
17,265
*
Federal
National
Mortgage
Association
(FNMA)
63,535
TOTAL
BANKS
81,962
DIVERSIFIED
FINANCIALS
-
0
.0
%
2,600
Morgan
Stanley
65,364
TOTAL
DIVERSIFIED
FINANCIALS
65,364
TOTAL
PREFERRED
STOCKS
147,326
(Cost
$634,550)
PRINCIPAL
ISSUER
RATE
MATURITY
DATE
SHORT-TERM
INVESTMENTS
-
5.3%
REPURCHASE
AGREEMENT
-
0
.8
%
$
1,600,000
r
Fixed
Income
Clearing
Corp
(FICC)
2
.950
10/03/22
1,600,000
TOTAL
REPURCHASE
AGREEMENT
1,600,000
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Core
Bond
Fund
September
30,
2022
112
TIAA-CREF
Life
Funds
concluded
Principal
denominated
in
U.S.
Dollars,
unless
otherwise
noted.
SHARES
COMPANY
RATE
EXP
VALUE
INVESTMENTS
IN
REGISTERED
INVESTMENT
COMPANIES
-
4
.5
%
8,533,992
c
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
3
.070
%
$
8,533,992
TOTAL
INVESTMENTS
IN
REGISTERED
INVESTMENT
COMPANIES
8,533,992
TOTAL
SHORT-TERM
INVESTMENTS
10,133,992
(Cost
$10,133,992)
TOTAL
INVESTMENTS
-
103.7%
196,625,396
(Cost
$223,872,895)
OTHER
ASSETS
&
LIABILITIES,
NET
-
(3.7)%
(
6,987,034
)
NET
ASSETS
-
100.0%
$
189,638,362
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
†
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
$8,323,642.
g
Security
is
exempt
from
registration
under
Rule
144(A)
of
the
Securities
Act
of
1933,
as
amended.
These
securities
are
deemed
liquid
and
may
be
resold
in
transactions
exempt
from
registration,
which
are
normally
those
transactions
with
qualified
institutional
buyers.
h
All
or
a
portion
of
these
securities
were
purchased
on
a
delayed
delivery
basis.
i
Floating
or
variable
rate
security
includes
the
reference
rate
and
spread,
unless
the
variable
rate
is
based
on
the
underlying
asset
of
the
security.
Coupon
rate
reflects
the
rate
at
period
end.
k
Principal
amount
for
interest
accrual
purposes
is
periodically
adjusted
based
on
changes
in
the
Consumer
Price
Index.
q
In
default
r
Agreement
with
Fixed
Income
Clearing
Corp
(FICC),
2.950%
dated
9/30/22
to
be
repurchased
at
$1,600,000
on
10/3/22,
collateralized
by
Government
Agency
Securities,
with
coupon
rate
0.625%
and
maturity
date
1/15/26,
valued
at
$1,632,105.
Portfolio
of
investments
(unaudited)
TIAA-CREF
Life
Balanced
Fund
September
30,
2022
113
TIAA-CREF
Life
Funds
SHARES
SECURITY
VALUE
TIAA-CREF
LIFE
FUNDS—99.9%
a
FIXED
INCOME—50.7%
3,528,337
TIAA-CREF
Life
Core
Bond
Fund
$
30,731,814
TOTAL
FIXED
INCOME
30,731,814
INTERNATIONAL
EQUITY—9.9%
870,760
TIAA-CREF
Life
International
Equity
Fund
5,982,120
TOTAL
INTERNATIONAL
EQUITY
5,982,120
U.S.
EQUITY—39.3%
454,541
TIAA-CREF
Life
Growth
Equity
Fund
5,422,674
360,903
TIAA-CREF
Life
Growth
&
Income
Fund
5,958,505
366,085
TIAA-CREF
Life
Large-Cap
Value
Fund
5,311,897
98,361
TIAA-CREF
Life
Real
Estate
Securities
Fund
1,186,229
109,897
TIAA-CREF
Life
Small-Cap
Equity
Fund
1,208,870
160,314
TIAA-CREF
Life
Stock
Index
Fund
4,767,739
TOTAL
U.S.
EQUITY
23,855,914
TOTAL
TIAA-CREF
LIFE
FUNDS
60,569,848
(Cost
$62,818,340)
TOTAL
INVESTMENTS—99.9%
60,569,848
(Cost
$62,818,340)
OTHER
ASSETS
&
LIABILITIES,
NET—0.1%
44,620
NET
ASSETS—100.0%
$
60,614,468
a
The
Fund
invests
its
assets
in
the
affiliated
TIAA-CREF
Life
Funds.
TIAA-CREF
Life
Funds
September
30,
2022
Notes
to
portfolios
of
investments
(unaudited)
114
Notes
to
portfolios
of
investments
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).
The
following
table
summarizes
the
market
value
of
the
Funds’
investments
as
of
September
30,
2022,
based
on
the
inputs
used
to
value
them:
The
following
table
summarizes
the
market
value
of
the
Funds’
investments
as
of
September
30,
2022
,
based
on
the
inputs
used
to
value
them:
Fund
Level
1
Level
2
Level
3
Total
Growth
Equity
Common
stocks
$106,480,684
$3,600,249
$—
$110,080,933
Short-term
investments
50
2,960,000
—
2,960,050
Total
$106,480,734
$6,560,249
$—
$113,040,983
1
1
1
1
1
Growth
&
Income
Common
stocks
$142,462,050
$2,303,801
$—
$144,765,851
Short-term
investments
—
1,170,000
—
1,170,000
Written
options*
(867,224)
—
—
(867,224)
Total
$141,594,826
$3,473,801
$—
$145,068,627
1
1
1
1
1
Large-Cap
Value
Common
stocks
$69,282,363
$—
$160
$69,282,523
Short-term
investments
—
120,000
—
120,000
Total
$69,282,363
$120,000
$160
$69,402,523
1
1
1
1
1
Real
Estate
Securities
Common
stocks
$68,656,759
$129,755
$—
$68,786,514
Short-term
investments
—
690,000
—
690,000
Total
$68,656,759
$819,755
$—
$69,476,514
1
1
1
1
1
Small-Cap
Equity
Common
stocks
$52,286,462
$—
$—
$52,286,462
Short-term
investments
1,024,639
1,280,000
—
2,304,639
Futures
contracts*
(91,611)
—
—
(91,611)
Total
$53,219,490
$1,280,000
$—
$54,499,490
1
1
1
1
1
Social
Choice
Equity
Common
stocks
$71,258,151
$—
$120
$71,258,271
Short-term
investments
80,618
790,000
—
870,618
Futures
contracts*
(62,908)
—
—
(62,908)
Total
$71,275,861
$790,000
$120
$72,065,981
1
1
1
1
1
Notes
to
portfolios
of
investments
(unaudited)
TIAA-CREF
Life
Funds
September
30,
2022
115
Notes
to
portfolios
of
investments
concluded
Fund
Level
1
Level
2
Level
3
Total
Stock
Index
Common
stocks
$607,931,759
$228,592
$3,936
$608,164,287
Rights/Warrants
—
—
9
9
Short-term
investments
3,212,904
9,220,000
—
12,432,904
Futures
contracts*
(908,177)
—
—
(908,177)
Total
$610,236,486
$9,448,592
$3,945
$619,689,023
1
1
1
1
1
International
Equity
Common
stocks
$1,558,698
$96,949,602
$—
$98,508,300
Short-term
investments
819,382
9,720,000
—
10,539,382
Total
$2,378,080
$106,669,602
$—
$109,047,682
1
1
1
1
1
Core
Bond
Bank
loan
obligations
$—
$2,842,447
$—
$2,842,447
Corporate
bonds
—
65,484,074
—
65,484,074
Government
bonds
—
81,418,201
426,800
81,845,001
Structured
assets
—
35,807,095
365,461
36,172,556
Preferred
stocks
147,326
—
—
147,326
Short-term
investments
8,533,992
1,600,000
—
10,133,992
Total
$8,681,318
$187,151,817
$792,261
$196,625,396
1
1
1
1
1
Balanced
Registered
investment
companies
$60,569,848
$—
$—
$60,569,848
Total
$60,569,848
$—
$—
$60,569,848
1
1
1
1
1
*
For
detailed
categories,
see
the
accompanying
Schedules
of
Investments.
*
Derivative
instruments
are
not
reflected
in
the
market
value
of
portfolio
investments.
A10942-D
(11/21)