Tiaa Separate Account Va 1 N-CSR Certified annual shareholder report (management investment company)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORMN-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT

INVESTMENT COMPANIES

Investment Company Act file numberFileNo. 811-08520

TIAA SEPARATE ACCOUNTVA-1

(Exact name of Registrant as specified in charter)

730 Third Avenue, New York, New York 10017-3206

(Address of principal executive offices) (Zip code)

John M. McCann, Esq.

TIAA SEPARATE ACCOUNTVA-1

8500 Andrew Carnegie Blvd.

Charlotte, North Carolina 28262-8500

(Name and address of agent for service)

Registrant’s telephone number, including area code:704-595-1000

Date of fiscal year end:December 31

Date of reporting period:December 31, 2019

Item 1. Reports to Stockholders.

Annual Report ◾ December 31, 2019

TIAA Separate AccountVA-1

The annual report contains the audited financial statements.

Stock Index Account

Beginning on January 1, 2021, as permitted by regulations adopted by the Securities and Exchange Commission, paper copies of the TIAA Separate AccountVA-1’s (the “Separate Account”) annual and semiannual shareholder reports will no longer be sent by mail, unless you specifically request paper copies of the reports. Instead, they will be made available on TIAA’s website, TIAA.org, and you will be notified by mail each time a report is posted and provided with a website link to access the report.

If you already elected to receive these reports electronically, you will not be affected by this change and you need not take any action. You may elect to receive reports and other communications from the Separate Account electronically anytime by updating your account settings at TIAA.org/eDelivery.

You may elect to receive all future reports in paper free of charge. To do so, you can update your account settings at TIAA.org/eDelivery or call800-223-1200 during regular business hours to let the Separate Account know you wish to continue receiving paper copies of your reports. Your election to receive reports in paper will apply to all funds held with the Separate Account and any other investment companies within the same group of related investment companies.

Contents

Understanding this report	3
Information for contractowners	4
Important information about expenses	5
About the Account’s benchmark	6
Account performance
Stock Index Account	7
Summary portfolio of investments	10
Audited financial statements
Statement of assets and liabilities	14
Statement of operations	15
Statements of changes in net assets	16
Financial highlights	18
Notes to financial statements	20
Report of independent registered public accounting firm	28
2019 special meeting	30
Management committee members and officers	31
How to reach us	Inside back cover

Understanding this report

This annual report contains information about the TIAA Separate AccountVA-1 of Teachers Insurance and Annuity Association of America (TIAA) and made available through TIAA’s Teachers Personal Annuity variable annuity contract, and describes the Separate Account’s results for the twelve months ended December 31, 2019. The report contains three main sections:

• The Separate Account performance section compares the Separate Account’s investment returns with those of its benchmark index.

• The summary portfolio of investments lists the industries and types of securities in which the Separate Account had investments as of December 31, 2019.

• The financial statements provide detailed information about the operations and financial condition of the Separate Account.

The views and opinions expressed in this report are through the end of the period, as stated on the cover of this report. They are subject to change at any time based on a variety of factors. As such, they are not guarantees of future performance or investment results and should not be taken as investment advice. To see the risks of investing in the Separate Account, please read the latest prospectus.

As always, you should carefully consider the investment objectives, risks, charges and expenses of any account before investing. For a prospectus that contains this and other important information, please visit our website at TIAA.org, or call800-223-1200. We urge you to read the prospectus carefully before investing.

TIAA Separate Account VA-1  ◾  2019 Semiannual Report     3

Information for contractowners

Portfolio holdings

The summary portfolio of investments for the TIAA Separate AccountVA-1 begins on page 10 of this report. You can obtain a complete list of the holdings of the TIAA Separate AccountVA-1 (Schedule of Investments) as of the most recently completed fiscal quarter in the following ways:

• By visiting our website at TIAA.org; or

• By calling us at800-842-2252 to request a copy, which will be provided free of charge.

You can also obtain a complete list of the TIAA Separate AccountVA-1’s portfolio holdings as of the most recently completed fiscal quarter, and for prior quarter-ends, from our Securities and Exchange Commission (SEC) FormN-CSR and FormN-PORT or FormN-Q filings. FormN-CSR filings are as of December 31 or June 30; FormN-PORT or FormN-Q filings are as of March 31 or September 30. Copies of these forms are available:

• Through the Electronic Data Gathering and Retrieval System (EDGAR) on the SEC’s website at sec.gov; or

• From the SEC’s Office of Investor Education and Advocacy.Call 202-551-8090 for more information.

Proxy voting

The TIAA Separate AccountVA-1’s ownership of stock gives it the right to vote on proxy issues of companies in which it invests. A description of our proxy voting policies and procedures can be found on our website at TIAA.org or on the SEC’s website at sec.gov. You can also call us at800-223-1200 to request a free copy. A report of how the Account voted during the most recently completed twelve-month period ended June 30 can be found on our website or on FormN-PX at sec.gov.

Contacting TIAA

There are three easy ways to contact us: by email, using the Contact Us link at the top of our home page; by mail at TIAA, 730 Third Avenue, New York, NY 10017-3206; or by phone at800-223-1200.

Account management

The TIAA Separate AccountVA-1 is managed by a portfolio management team of Teachers Advisors, LLC. The members of this team are responsible for theday-to-day investment management of the Account.

4      2019 Semiannual Report ∎ TIAA Separate Account VA-1

Important information about expenses

All contractowners in the TIAA Separate AccountVA-1 incur ongoing costs, including management fees and other Account expenses.

The TIAA Separate AccountVA-1 is the underlying investment vehicle for Teachers Personal Annuity contracts issued by Teachers Insurance and Annuity Association of America.Premium taxes may apply to certain contracts. Because of this additional charge, the cost to investors may be higher than the figures shown in the expense example. Information about this additional charge can be found in the prospectus.

The expense example that appears in this report is intended to help you understand your ongoing costs only (in U.S. dollars) and does not reflect transactional costs. The example is designed to help you compare these ongoing costs with the ongoing costs of investing in other variable annuity accounts and mutual funds. Contractowners in the TIAA Separate AccountVA-1 do not incur a sales charge for purchases or other distributions.

The example is based on an investment of $1,000 invested at the beginning of thesix-month period and held for the entire period (July 1, 2019–December 31, 2019).

Actual expenses

The first line in the table uses the Account’s actual expenses and its actual rate of return. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over thesix-month period.

Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line under the heading “Expenses paid during period” to estimate the expenses you paid during thesix-month period.

Hypothetical example for comparison purposes

The second line in the table shows hypothetical Account values and expenses based on the Account’s actual expense ratio for thesix-month period and an assumed5%-per-year rate of return before expenses. This was not the Account’s actual return.

This hypothetical example cannot be used to estimate the actual expenses you paid for the period, but rather allows you to compare the ongoing costs of investing in the Account with the costs of other accounts. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of other variable annuity accounts and mutual funds.

TIAA Separate Account VA-1  ◾  2019 Semiannual Report     5

Important information about expenses

Expense example

Six months ended December 31, 2019

Stock Index Account	Beginning account value (7/1/19)		Ending account value (12/31/19)		Expenses paid during period* (7/1/19–12/31/19)
Actual return	$	1,000.00	$	1,099.59	$	3.97
5% annual hypothetical return		1,000.00		1,021.42		3.82

* “Expenses paid during period” is based on the Account’s actual expense ratio for the most recent fiscal half-year, multiplied by the average account value overthe six-month period, multiplied by 184/365. There were 184 days in the six months ended December 31, 2019. The Account’s annualizedsix-month expense ratio for that period was 0.75%. The total annual expense ratio reflects a voluntary agreement by the Account’s investment adviser to waive a portion of its fee. Without such waiver, the Account’s total annual expense ratio would have been 0.90%. Although TIAA reserves the right to increase the Account’s mortality and expense risk charge to a maximum of 1.00% of average daily net assets per year, the total annual expense ratio will never exceed 1.50%.

About the Account’s benchmark

The Account’s benchmark is the Russell 3000^® Index, which measures the performance of the stocks of the 3,000 largest publicly traded U.S. companies, based on market capitalization. The index measures the performance of about 98% of the total market capitalization of the publicly traded U.S. equity market.

You cannot invest directly in any index. Index returns do not include a deduction for fees or expenses. For additional details about the benchmark index, please read the Account’s latest prospectus.

Frank Russell Company (“Russell”) is the source and owner of the trademarks, service marks and copyrights related to the Russell Indexes. Russell^® is a trademark of Frank Russell Company. Neither Russell nor its licensors accept any liability for any errors or omissions in the Russell Indexes and/or Russell ratings or underlying data and no party may rely on any Russell Indexes and/or Russell ratings and/or underlying data contained in this communication. No further distribution of Russell Data is permitted without Russell’s express written consent. Russell does not promote, sponsor or endorse the content of this communication.

6      2019 Semiannual Report ∎ TIAA Separate Account VA-1

Stock Index Account

Performance for the twelve months ended December 31, 2019

The Stock Index Account returned 29.99% for the year, compared with the 31.02% return of its benchmark, the Russell 3000^® Index.

For the twelve-month period, the Account’s return underperformed that of its benchmark index due to the effect of expenses. The Account’s return includes a deduction for expenses, while the benchmark’s does not. The Account had a risk profile similar to that of its benchmark.

During the twelve-month period, the U.S. economy continued to grow while inflation remained moderate. Unemployment declined to 3.5% in November 2019—matching its lowest level in 50 years—and remained there at the end of the period. Core inflation, which includes all items except food and energy, rose 2.3% for the period. The Federal Reserve, which had raised interest rates over the previous four years, reversed course in 2019, lowering the federal funds target rate three times to 1.50%–1.75%.

The performance of the U.S. stock market, as measured by the Russell 3000 Index, was strong across investment styles and capitalization sizes. Growth shares outpaced value stocks, andlarge-cap equities outperformed both small- andmid-cap shares. (Returns by investment style and capitalization size are based on the Russell indexes.)

Information technology led the benchmark higher

All eleven sectors in the benchmark delivered positive performance for the twelve months. Information technology (up 49.3%)—the largest sector in the benchmark—and financials (up 30.8%) contributed most to the index’s return. Health care (up 21.9%) and industrials (up 30.0%) also made strong contributions. Together, these four sectors represented almost 60.0% of the benchmark’s total market capitalization on December 31, 2019. Communication services, consumer discretionary and consumer staples were also beneficial. Real estate, utilities and materials posted double-digit gains but had less of an impact on the benchmark’s overall return due to their smaller weightings. Energy (up 9.6%) was the worst performer.

For the twelve-month period, three of the benchmark’s five largest stocks outperformed the benchmark’s overall return. Apple’s stock nearly doubled, while Microsoft also had a sizeable gain. Facebook was next, rising on strong revenue growth. Alphabet, the parent company of Google, advanced, but it lagged the benchmark due to tepid earnings gains and increasing regulatory and political scrutiny. Amazon.com also posted gains but was hurt by two quarters of lower-than-expected earnings.

TIAA Separate Account VA-1  ◾  2019 Semiannual Report     7

Stock Index Account

Performance as of December 31, 2019

	Total return					Average annual total return
	Inception date		1 year			5 years			10 years
Stock Index Account		11/1/94		29.99	%		10.45	%		12.61	%
Russell 3000® Index		—		31.02			11.24			13.42

The returns in this report show past performance, which is no guarantee of future results. Returns and the principal value of your investment will fluctuate. Current performance may be higher or lower than that shown, and you may have a gain or a loss when you redeem your accumulation units. For current performance information, including performance to the most recentmonth-end, please visit TIAA.org. The Account’s performance reflects a fee waiver, which is currently in place. Without such waiver, the expenses of the Account would have been higher and its performance lower.

You cannot invest directly in any index. Index returns do not include a deduction for fees or expenses.

$10,000 over 10 years

Ending amounts are as of December 31, 2019. For the purpose of comparison, the graph also shows the change in the value of the Account’s benchmark during the same period.

8      2019 Semiannual Report ∎ TIAA Separate Account VA-1

Stock Index Account

Portfolio composition

Sector	% of net assets as of 12/31/2019
Information technology		22.3
Health care		14.1
Financials		13.4
Consumer discretionary		10.0
Industrials		9.8
Communication services		9.4
Consumer staples		6.4
Energy		4.0
Real estate		4.0
Utilities		3.2
Materials		2.8
Short-term investments, other assets & liabilities, net		0.6
Total		100.0

Holdings by company size

Market capitalization	% of equity investments as of 12/31/2019
More than $50 billion		61.4
More than $15 billion–$50 billion		19.5
More than $2 billion–$15 billion		16.2
$2 billion or less		2.9
Total		100.0

TIAA Separate Account VA-1  ◾  2019 Semiannual Report     9

Summary portfolio of investments

Stock Index Account  §  December 31, 2019

Shares		Company	Value (000)		% of net assets
	COMMON STOCKS
	AUTOMOBILES & COMPONENTS		$	7,808		0.7	%
	BANKS
	280,970	Bank of America Corp		9,896		0.9
	75,336	Citigroup, Inc		6,018		0.5
	107,684	JPMorgan Chase & Co		15,011		1.4
	131,632	Wells Fargo & Co		7,082		0.6
		Other		27,241		2.5
				65,248		5.9
	CAPITAL GOODS
	18,283	Boeing Co		5,956		0.5
	24,883	Honeywell International, Inc		4,404		0.4
		Other		64,650		5.9
				75,010		6.8
	COMMERCIAL & PROFESSIONAL SERVICES			12,193		1.1
	CONSUMER DURABLES & APPAREL			15,231		1.4
	CONSUMER SERVICES
	26,027	McDonald’s Corp		5,143		0.4
		Other		19,517		1.8
				24,660		2.2
	DIVERSIFIED FINANCIALS			38,593		3.5
	ENERGY
	65,963	Chevron Corp		7,949		0.7
	146,389	Exxon Mobil Corp		10,215		0.9
		Other		26,381		2.4
				44,545		4.0
	FOOD & STAPLES RETAILING
	15,186	Costco Wholesale Corp		4,464		0.4
	48,477	Walmart, Inc		5,761		0.5
		Other		4,735		0.5
				14,960		1.4
	FOOD, BEVERAGE & TOBACCO
	132,232	Coca-Cola Co		7,319		0.7
	48,453	PepsiCo, Inc		6,622		0.6
	53,566	Philip Morris International, Inc		4,558		0.4
		Other		19,026		1.7
				37,525		3.4
	HEALTH CARE EQUIPMENT & SERVICES
	59,335	Abbott Laboratories		5,154		0.4
	46,249	Medtronic plc		5,247		0.5
	32,652	UnitedHealth Group, Inc		9,599		0.9
		Other		49,891		4.5
				69,891		6.3

10 2019 Annual Report   §   TIAA Separate Account VA-1 See notes to financial statements

Summary portfolio of investments continued

Stock Index Account  §  December 31, 2019

Shares			Company	Value (000)		% of net assets
	HOUSEHOLD & PERSONAL PRODUCTS
	85,349		Procter & Gamble Co	$	10,660		0.9	%
			Other		7,375		0.7
					18,035		1.6
	INSURANCE
	67,642	*	Berkshire Hathaway, Inc (Class B)		15,321		1.4
			Other		28,638		2.6
					43,959		4.0
	MATERIALS				31,313		2.8
	MEDIA & ENTERTAINMENT
	10,334	*	Alphabet, Inc (Class A)		13,841		1.3
	10,348	*	Alphabet, Inc (Class C)		13,835		1.3
	155,270		Comcast Corp (Class A)		6,983		0.6
	82,516	*	Facebook, Inc		16,936		1.5
	14,549	*	NetFlix, Inc		4,708		0.4
	60,311		Walt Disney Co		8,723		0.8
			Other		17,332		1.6
					82,358		7.5
	PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES
	51,473		AbbVie, Inc		4,557		0.4
	20,795		Amgen, Inc		5,013		0.5
	81,076		Bristol-Myers Squibb Co		5,204		0.5
	91,744		Johnson & Johnson		13,383		1.2
	88,016		Merck & Co, Inc		8,005		0.7
	192,073		Pfizer, Inc		7,525		0.7
	13,848		Thermo Fisher Scientific, Inc		4,499		0.4
			Other		37,309		3.4
					85,495		7.8
	REAL ESTATE				43,766		4.0
	RETAILING
	14,280	*	Amazon.com, Inc		26,387		2.4
	38,048		Home Depot, Inc		8,309		0.8
			Other		27,721		2.5
					62,417		5.7
	SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT
	150,327		Intel Corp		8,997		0.8
	20,147		NVIDIA Corp		4,741		0.5
			Other		29,830		2.7
					43,568		4.0
	SOFTWARE & SERVICES
	22,000		Accenture plc		4,632		0.4
	16,825	*	Adobe, Inc		5,549		0.5
	30,580		Mastercard, Inc (Class A)		9,131		0.8
	261,164		Microsoft Corp		41,185		3.8
	40,720	*	PayPal Holdings, Inc		4,405		0.4

See notes to financial statements TIAA Separate Account VA-1   §   2019 Annual Report 11

Summary portfolio of investments continued

Stock Index Account  §  December 31, 2019

Shares			Company		Value (000)			% of net assets
	SOFTWARE & SERVICES—continued
	28,459	*	salesforce.com, Inc		$	4,629			0.4	%
	59,107		Visa, Inc (Class A)			11,106			1.0
			Other			54,382			4.9
						135,019			12.2
	TECHNOLOGY HARDWARE & EQUIPMENT
	153,498	d	Apple, Inc			45,074			4.1
	148,305		Cisco Systems, Inc			7,113			0.6
			Other			15,513			1.4
						67,700			6.1
	TELECOMMUNICATION SERVICES
	252,280		AT&T, Inc			9,859			0.9
	143,276		Verizon Communications, Inc			8,797			0.8
			Other			2,291			0.2
						20,947			1.9
	TRANSPORTATION
	24,019		Union Pacific Corp			4,342			0.4
			Other			16,816			1.5
						21,158			1.9
	UTILITIES					35,331			3.2
			TOTAL COMMON STOCKS	(Cost $399,042)		1,096,730			99.4
	RIGHTS / WARRANTS
	MATERIALS					3			0.0
			TOTAL RIGHTS / WARRANTS	(Cost $12)		3			0.0
Principal			Issuer
	SHORT-TERM INVESTMENTS
	GOVERNMENT AGENCY DEBT
	$7,720,000		Federal Home Loan Bank (FHLB)	1.150%, 01/02/20		7,720			0.7
						7,720			0.7
Shares			Company
	INVESTMENTS IN REGISTERED INVESTMENT COMPANIES
	5,860,634	c	State Street Navigator Securities Lending Government Money Market Portfolio			5,861			0.5
						5,861			0.5
			TOTAL SHORT-TERM INVESTMENTS	(Cost $13,581)		13,581			1.2
			TOTAL PORTFOLIO	(Cost $412,635)		1,110,314			100.6
			OTHER ASSETS & LIABILITIES, NET			(6,572	)		(0.6	)
			NET ASSETS		$	1,103,742			100.0	%

12 2019 Annual Report   §   TIAA Separate Account VA-1 See notes to financial statements

Summary portfolio of investments concluded

Stock Index Account  §  December 31, 2019

* 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.

“Other” securities represent the aggregate value, by category, of securities that are not among the 50 largest holdings and, in total for any issuer, represent 1% or less of net assets.

At 12/31/19, the aggregate value of securities on loan is $7,624,056. See note 5 in the Notes to financial statements for additional information about securities lending collateral.

Cost amounts are in thousands.

For ease of presentation, a number of classification categories have been grouped together in the Summary portfolio of investments. Note that the Account uses more specific categories in following its investment limitations on investment concentrations.

Futures contracts outstanding as of December 31, 2019 were as follows (notional amounts and values are in thousands):

Description	Number of long (short) contracts		Expiration date	Notional amount		Value		Unrealized appreciation (depreciation)
S&P 500 E Mini Index		41	03/20/20	$	6,608	$	6,623	$	15

See notes to financial statements TIAA Separate Account VA-1   §   2019 Annual Report 13

Statement of assets and liabilities

TIAA Separate AccountVA-1  §  December 31, 2019

(amounts in thousands, except accumulation unit value)	Stock Index Account
ASSETS
Portfolio investments, at value*†	$	1,110,314
Cash		8
Dividends and interest receivable		1,165
Receivable from securities transactions		102
Receivable for delayed delivery securities		213
Receivable for variation margin on open futures contracts		16
Other		174
Total assets		1,111,992
LIABILITIES
Investment management fees payable		5
Service agreement fees payable		6
Payable for collateral for securities loaned		5,861
Payable for securities transactions		131
Due to affiliates		2,062
Payable for manager compensation		173
Other		12
Total liabilities		8,250
NET ASSETS
Accumulation Fund	$	1,103,742
Accumulation units outstanding		4,420
Accumulation unit value	$	249.70
*   Portfolio investments, at cost	$	412,635
† Includes securities loaned of	$	7,624

14 2019 Annual Report   §   TIAA Separate Account VA-1 See notes to financial statements

Statement of operations

TIAA Separate AccountVA-1  §  For the year ended December 31, 2019

(amounts in thousands)	Stock Index Account
INVESTMENT INCOME
Dividends*	$	21,485
Interest		196
Income from securities lending		142
Total income		21,823
EXPENSES
Administrative services		2,075
Investment advisory		3,112
Mortality and expense risk charges		4,150
Total expenses		9,337
Less: Expense waiver by investment adviser		(1,556	)
Net expenses		7,781
Net investment income (loss)		14,042
NET REALIZED AND UNREALIZED GAIN (LOSS) ON TOTAL INVESTMENTS
Realized gain (loss):
Portfolio investments‡		54,953
Futures contracts		986
Net realized gain (loss) on total investments		55,939
Change in unrealized appreciation (depreciation) on:
Portfolio investments		197,230
Futures contracts		287
Net change in unrealized appreciation (depreciation) on total investments		197,517
Net realized and unrealized gain (loss) on total investments		253,456
Net increase (decrease) in net assets from operations	$	267,498
*   Net of foreign withholding taxes	$	2
‡ Includes net realized gain (loss) from securities sold to affiliates of	$	7,692

See notes to financial statements TIAA Separate Account VA-1   §   2019 Annual Report 15

Statements of changes in net assets

TIAA Separate AccountVA-1  §  For the year ended

	Stock Index Account
(amounts in thousands)	December 31, 2019			December 31, 2018
OPERATIONS
Net investment income (loss)	$	14,042		$	14,570
Net realized gain (loss) on total investments		55,939			54,870
Net change in unrealized appreciation (depreciation) on total investments		197,517			(124,890	)
Net increase (decrease) in net assets from operations		267,498			(55,450	)
FROM CONTRACTOWNER TRANSACTIONS
Premiums		12,543			20,268
Withdrawals and death benefits		(98,257	)		(103,299	)
Net increase (decrease) from contractowner transactions		(85,714	)		(83,031	)
Net increase (decrease) in net assets		181,784			(138,481	)
NET ASSETS
Beginning of period		921,958			1,060,439
End of period	$	1,103,742		$	921,958
ACCUMULATION UNITS
Units purchased		57			96
Units sold / transferred		(436	)		(493	)
Outstanding
Beginning of period		4,799			5,196
End of period		4,420			4,799

16 2019 Annual Report   §   TIAA Separate Account VA-1 See notes to financial statements

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TIAA Separate AccountVA-1   §   2019 Annual Report 17

Financial highlights

TIAA Separate AccountVA-1

			Selected per accumulation unit data
			Gain (loss) from investment operations
	For the year ended		Investment incomea		Expensesa		Net investment income (loss)a		Net realized & unrealized gain (loss) on total investments			Net change in accumulation unit value			Accumulation unit value beginning of period
STOCK INDEX ACCOUNT
		12/31/19	$	4.722	$	1.684	$	3.038	$	54.564		$	57.602		$	192.098
		12/31/18		4.501		1.580		2.921		(14.924	)		(12.003	)		204.101
		12/31/17		3.613		1.395		2.218		32.114			34.332			169.769
		12/31/16		3.387		1.173		2.214		15.947			18.161			151.608
		12/31/15		3.175		1.150		2.025		(2.347	)		(0.322	)		151.930

a Based on average units outstanding.

b Based on per accumulation unit data.

18 2019 Annual Report   §   TIAA Separate AccountVA-1 See notes to financial statements

					Ratios and supplemental data
					Ratios to average net assets
Accumulation unit value end of period		Total returnb			Gross expenses			Net expenses			Net investment income (loss)			Portfolio turnover rate			Accumulation units outstanding end of period (in millions)		Net assets at the end of period (in millions)
	$249.700		29.99	%		0.90	%		0.75	%		1.35	%		2	%		4	$	1,104
	192.098		(5.88	)		0.90			0.75			1.39			3			5		922
	204.101		20.22			0.90			0.75			1.19			5			5		1,060
	169.769		11.98			0.90			0.75			1.42			7			6		952
	151.608		(0.21	)		0.90			0.75			1.32			7			6		925

See notes to financial statements TIAA Separate AccountVA-1   §   2019 Annual Report 19

Notes to financial statements

TIAA Separate Account VA-1

Note 1—organization and significant accounting policies

TIAA Separate AccountVA-1(“VA-1”) is a segregated investment account of Teachers Insurance and Annuity Association of America (“TIAA”) and is organized under the insurance laws of the State of New York for the purpose of issuing and funding individual variable annuity contracts. The variable annuity contracts were issued by TIAA.VA-1 is registered with the U.S. Securities and Exchange (“Commission”) as anopen-end management investment company under the Investment Company Act of 1940, as amended (“1940 Act”).VA-1 consists of a single investment portfolio, the Stock Index Account (“Account”).

The accompanying financial statements were prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”), which may require the use of estimates made by management and the evaluation of subsequent events. Actual results may differ from those estimates. The Account is an investment company and follows the accounting guidance in the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification 946,Financial Services—Investment Companies. The Accumulation Unit Value (“AUV”) for financial reporting purposes may differ from the AUV for processing transactions. The AUV for financial reporting purposes includes security and contractowner transactions through the date of the report. Total return is computed based on the AUV used for processing transactions. The following is a summary of the significant accounting policies consistently followed by the Account.

Security valuation: The Account’s investments in securities are recorded at their estimated fair value as described in the valuation of investments note to the financial statements.

Investments and investment income: Securities transactions are accounted for as of the trade date for financial reporting purposes. Interest income is recorded as earned and includes accretion of discounts and amortization of premiums using the effective yield method. Dividend income is recorded on theex-dividend date. Foreign dividend income is recorded on theex-dividend date or as soon as possible after the Account determines the existence of a dividend declaration after exercising reasonable due diligence. Realized gains and losses on securities transactions are based upon the specific identification method. Distributions received on securities that represent a return of capital or capital gains are recorded as a reduction of cost of investments and/or as a realized gain. The Account estimates the components of distributions received that may be considered return of capital distributions or capital gain distributions. In many cases, these estimates are based on data from the prior calendar year end.

Income taxes:VA-1 is a separate account of TIAA, which is taxed as a life insurance company under Subchapter L of the Internal Revenue Code.VA-1 should incur no federal income tax liability. Under the rules of taxation applicable to life insurance companies,VA-1’s Accumulation Account for contractowners will generally be treated as life insurance reserves; therefore, any increase in such reserves will be deductible. The Account files, as a component of the TIAA tax return, a U.S. Federal income tax return. The Account also files income tax returns in applicable state and

20 2019 Annual Report   §   TIAA Separate Account VA-1

local jurisdictions. The Account’s federal income tax returns are generally subject to examination for a period of three fiscal years after being filed. State and local tax returns may be subject to examination for an additional period of time depending on the jurisdiction. Management has analyzed the Account’s tax positions taken for all open income tax years and has concluded that no provision for income tax is required in the Account’s financial statements.

Management committee compensation: The members of the Management Committee (“Committee”), all of whom are independent, receive certain remuneration for their services, plus travel and other expenses. Managers may elect to participate in a deferred compensation plan and defer all or a portion of their compensation. In addition, managers participate in a long-term compensation plan. Amounts deferred are retained by the Account until paid. Amounts payable to the managers for compensation are included in the accompanying Statement of assets and liabilities. Managers’ fees, including any deferred and long-term compensation incurred, are reflected in the Statement of operations.

Indemnification: In the normal course of business, the Account enters into contracts that contain a variety of representations and warranties and that provide general indemnities. The Account’s maximum exposure under these arrangements is unknown, as this would involve future claims against the Account that have not yet occurred. Also, under the Account’s organizational documents, the managers and officers of the Account are indemnified against certain liabilities that may arise out of their duties to the Account. However, based on experience, the Account expects the risk of loss due to these warranties and indemnities to be unlikely.

New rule issuances: In October 2016, the Commission issued Final Rule ReleaseNo. 33-10233,Investment Company Liquidity Risk Management Programs. This final rule requires the Account to establish a liquidity risk management program and enhances disclosures regarding Accounts’ liquidity. The requirements of this final rule were implemented on June 1, 2019 and did not have a material impact on the Account’s financial statements and various filings.

Note 2—valuation of investments

Portfolio investments are valued at fair value utilizing various valuation methods approved by the Committee. U.S. GAAP establishes a hierarchy that prioritizes market inputs to valuation methods. The three levels of inputs are:

• Level 1 – quoted prices in active markets for identical securities

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

• Level 3 – significant unobservable inputs (including the Account’s own assumptions in determining the fair value of investments)

The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the

TIAA Separate Account VA-1   §   2019 Annual Report 21

Notes to financial statements

security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized as Level 3. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

A description of the valuation techniques applied to the Account’s major categories of assets and liabilities measured at fair value follows:

Debt securities: Debt securities will generally be valued using prices provided by a pricing service that may employ various indications of value including but not limited to broker-dealer quotations. Certain debt securities, other than money market instruments, are valued based on the most recent bid price or the equivalent quoted yield for such securities (or those of comparable maturity, quality and type). Debt securities are generally categorized as Level 2 of the fair value hierarchy; in instances where prices, yields or any other key inputs are unobservable, they are categorized as Level 3 of the hierarchy.

Exchange-traded equity securities, common and preferred stock: Equity securities listed or traded on a national market or exchange are valued based on their sale price at the official close of business of such market or exchange on the valuation date, or if there is no official close of business, the latest sale price, or at the mean of the latest available bid and asked prices if no sale is reported. To the extent these securities are actively traded and valuation adjustments are not applied, they are categorized in Level 1 of the fair value hierarchy. Foreign equity securities are valued at the last sale price or official closing price reported on the exchange where traded and converted to U.S. dollars at the prevailing rates of exchange on the date of valuation. For events affecting the value of foreign securities between the time when the exchange on which they are traded closes and the time when the Account’s net assets are calculated, such securities will be valued at fair value in accordance with procedures adopted by the Committee. Foreign securities are generally categorized as Level 2 of the fair value hierarchy.

Investments in registered investment companies: These investments are valued at their net asset value on the valuation date. These investments are categorized as Level 1 of the fair value hierarchy.

Futures contracts: Stock and bond index futures contracts, which are traded on commodity exchanges, are valued at the last sale price as of the close of such commodity exchanges and are categorized as Level 1 of the fair value hierarchy.

Any portfolio security for which market quotations are not readily available or for which the above valuation procedures are deemed not to reflect fair value are valued at fair value, as determined in good faith using procedures approved by the Committee. To the extent the inputs are observable and timely, the values would be categorized as Level 2 of the fair value hierarchy; otherwise they would be categorized as Level 3.

22 2019 Annual Report   §   TIAA Separate Account VA-1

continued

The following table summarizes the market value of the Account’s investments as of December 31, 2019, based on the inputs used to value them (dollar amounts are in thousands):

	Level 1		Level 2		Level 3		Total
Equity investments:
Health care	$	155,384	$	—	$	2	$	155,386
Materials		31,313		—		3		31,316
All other equity investments*		910,031		—		—		910,031
Short-term investments		5,861		7,720		—		13,581
Futures contracts**		15		—		—		15
Total	$	1,102,604	$	7,720	$	5	$	1,110,329

* For detailed categories, see the accompanying Summary portfolio of investments.

** Derivative instruments are not reflected in the market value of portfolio investments.

Note 3—derivative instruments

As defined by U.S. GAAP, a derivative is a financial instrument whose value is derived from an underlying security price, foreign exchange rate, interest rate, index of prices or rates, or other variables. Derivatives require little or no initial investment and permit or require net settlement. The Account values derivatives at fair value.

At December 31, 2019, the Account has invested in derivative contracts which are reflected in the Statement of assets and liabilities as follows (dollar amounts are in thousands):

	Asset derivatives
Derivative contracts	Location			Fair value amount
Equity contracts		Futures contracts	*	$	15

* The fair value presented includes cumulative gain (loss) on open futures contracts; however, the value reflected on the accompanying Statement of assets and liabilities is only the receivable or payable for variation margin on open futures contracts.

For the year ended December 31, 2019, the effect of derivative contracts on the Account’s Statement of operations was as follows (dollar amounts are in thousands):

Derivative contracts	Location		Realized gain (loss)		Change in unrealized appreciation (depreciation)
Equity contracts		Futures contracts	$	986	$	287

Futures contracts: The Account is subject to equity price risk in the normal course of pursuing its investment objectives. The Account uses futures contracts to manage exposure to the equity markets and for cash management purposes to remain highly invested in these markets while minimizing transaction costs. Buying futures

TIAA Separate Account VA-1   §   2019 Annual Report 23

Notes to financial statements

contracts tends to increase exposure to the underlying instrument/index, while selling futures contracts tends to decrease exposure to the underlying instrument/index or hedge other investments. Initial margin deposits are made upon entering into a futures contract, and variation margin receipts or payments are settled daily reflecting changes in the value of the futures contracts. Daily changes in the value of such contracts are reflected in net unrealized gains and losses. Gains or losses are realized upon the expiration or closing of the futures contracts or if the counterparties do not perform in accordance with contractual provisions. With futures contracts, there is minimal counterparty credit risk to the Account since futures contracts are exchange-traded and the exchange’s clearinghouse, as counterparty to all exchange-traded funds, guarantees the futures contracts against default. During the year ended December 31, 2019, the Account had exposure to equity futures contracts, based on underlying notional values, generally between 0% and 2% of net assets. The futures contracts outstanding as of December 31, 2019 are disclosed in the Summary portfolio of investments and the full Schedule of investments.

Note 4—investment adviser and affiliates

Teachers Advisors, LLC (“Advisors”), a wholly owned subsidiary of TIAA and a registered investment adviser, provides investment advisory services forVA-1 pursuant to an Investment Management Agreement among TIAA, Advisors andVA-1. TIAA provides all administrative services forVA-1 pursuant to an Administrative Services Agreement withVA-1. The contracts are distributed byTIAA-CREF Individual & Institutional Services, LLC (“Services”). Services is a wholly owned subsidiary of TIAA. The Investment Management Agreement sets the investment advisory charge at an annual rate of 0.30% of the average daily net assets of the Account. Advisors has agreed to voluntarily waive a portion of such fee, so that the daily deduction is equivalent to an annual charge of 0.15% of the average daily net assets of the Account.

The Administrative Services Agreement sets the administrative expense charge at an annual rate of 0.20% of the average daily net assets of the Account. TIAA also imposes a daily charge for bearing certain mortality and expense risks in connection with the contracts, equivalent to an annual rate of 0.40% of the average daily net assets of the Account. Although TIAA reserves the right to increase the Account’s mortality and expense risk charge to a maximum of 1.00% per year, the total expense ratio will never exceed 1.50% per year. TIAA pays death benefits to beneficiaries when an annuitant dies during the accumulation period or during the annuity period while payments are still due for the remainder of a guaranteed period, if any.

The Account may purchase or sell investment securities in transactions with affiliated entities under procedures adopted by the Committee, pursuant to the 1940 Act. These transactions are effected at market rates without incurring broker commissions. For the year ended December 31, 2019, the Account engaged with affiliated entities in securities purchases of $106,083 and sales of $11,432,837, which resulted in net realized gains of $7,692,326.

24 2019 Annual Report   §   TIAA Separate Account VA-1

continued

Note 5—investments

Securities lending: The Account may lend its securities to qualified institutional borrowers to earn additional income. The Account receives collateral (in the form of cash, Treasury securities or other collateral permitted by applicable law) against the loaned securities and maintains collateral in an amount not less than 100% of the market value of loaned securities during the period of the loan; any additional collateral required due to changes in security values is delivered to the Account the next business day. Cash collateral received by the Account will generally be invested in high-quality short-term instruments or in one or more funds maintained by the securities lending agent (“Agent”) for the purpose of investing cash collateral. The value of the loaned securities and the liability to return the cash collateral received are reflected in the Statement of assets and liabilities.Non-cash collateral is not disclosed in the Account’s Statement of assets and liabilities as it is held by the lending agent on behalf of the Account, and the Account does not have the ability to sell orre-hypothecate those securities. As of December 31, 2019, securities lending transactions are for equity securities, and the resulting loans are continuous, can be recalled at any time, and have no set maturity. Securities lending income recognized by the Account consists of earnings on invested collateral and lending fees, net of any rebates to the borrower and compensation to the Agent. Such income is reflected separately in the Statement of operations. In lending its securities, the Account bears the market risk with respect to the investment of collateral and the risk that the Agent may default on its contractual obligations to the Account. The Agent bears the risk that the borrower may default on its obligation to return the loaned securities as the Agent is contractually obligated to indemnify the Account if at the time of a default by a borrower some or all of the loan securities have not been returned.

At December 31, 2019, the total value of securities on loan and the total value of collateral received were as follows (dollar amounts are in thousands):

Aggregate value of securities on loan		Cash collateral received*		Non-cash collateral received		Total collateral received
	$7,624	$	5,861	$	1,918	$	7,779

* May include cash and investment of cash collateral.

Restricted securities: Restricted securities held by the Account, if any, may not be sold except in exempt transactions or in a public offering registered under the Securities Act of 1933. The risk of investing in such securities is generally greater than the risk of investing in securities that are widely held and publicly traded.

TIAA Separate Account VA-1   §   2019 Annual Report 25

Notes to financial statements

Net unrealized appreciation (depreciation): At December 31, 2019, net unrealized appreciation (depreciation) based on the aggregate cost of all investments for federal income tax purposes, consisting of gross unrealized appreciation and gross unrealized depreciation, was as follows (dollar amounts are in thousands):

Tax cost		Gross unrealized appreciation		Gross unrealized (depreciation)			Net unrealized appreciation (depreciation)
	$412,650	$	730,500	$	(32,821	)	$	697,679

For purposes of this disclosure, tax cost generally includes the cost of portfolio investments as well asup-front fees or premiums exchanged on derivatives and any amounts unrealized for income statement reporting but realized in income and/or capital gains for tax reporting.

Purchases and sales: Purchases and sales of securities (other than short-term instruments) for the Account for the year ended December 31, 2019 were as follows (dollar amounts are in thousands):

Non-U.S. government purchases	Non-U.S. government sales
$ 19,169	$	93,334

Note 6—inter-fund lending program

Pursuant to an exemptive order issued by the Commission, the Account may participate in an inter-fund lending program. This program allows the Account to lend cash to and/or borrow cash from certain affiliated registered investment companies for temporary purposes, (e.g., to satisfy redemption requests or to cover unanticipated cash shortfalls). The program is subject to a number of conditions, including the requirement that the Account may not borrow or lend money under the program unless it receives a more favorable interest rate than is available from a bank or other financial institution for a comparable transaction. In addition, the Account may participate in the program only if its participation is consistent with the Account’s investment policies and limitations and authorized by its portfolio manager(s). During the year ended December 31, 2019, there were no inter-fund borrowing or lending transactions.

Note 7—line of credit

The Account participates in a $1 billion unsecured revolving credit facility that can be used for temporary purposes, including, without limitation, the funding of contractowner withdrawals. The current facility was entered into on June 18, 2019 expiring on June 16, 2020, replacing the previous $1.25 billion facility, which expired June 2019. Certain affiliated accounts and mutual funds, each of which is managed by Advisors, or an affiliate of Advisors, also participate in this facility. An annual commitment fee for the

26 2019 Annual Report   §   TIAA Separate Account VA-1

concluded

credit facility is borne by the participating accounts and mutual funds on a pro rata basis. Interest associated with any borrowing under the facility is charged to the borrowing accounts or mutual funds at a specified rate of interest. The Account is not liable for borrowings under the facility by other affiliated accounts or mutual funds. For the year ended December 31, 2019, there were no borrowings under this credit facility by the Account.

Note 8—legal proceedings

The Account was named as defendant and a putative member of the proposed defendant class of shareholders, or could be added as a defendant, in pending litigation by the Bankruptcy Litigation Trustee for the Tribune Company (Tribune) and certain creditors of Tribune, as a result of its ownership of shares of Tribune in 2007 when Tribune effected a leveraged buyout transaction (LBO) and was converted to a privately held company. The plaintiffs in that litigation seek to recover payments of the proceeds of the LBO. The litigation is now part of a multi-district litigation proceeding in the Southern District of New York and the Second Court of Appeals. The Account’s exposure related to this matter is estimated to be 0.05% of net assets as of December 31, 2019.

TIAA Separate Account VA-1   §   2019 Annual Report 27

Report of independent registered
public accounting firm

TotheManagement Committee andContractowners ofthe Stock Index Account of TIAA Separate AccountVA-1

Opinion on the Financial Statements

We have audited the accompanying statement of assets and liabilities, including the summary portfolio of investments, ofStock Index Account of TIAA Separate AccountVA-1, (the “Account”) as of December 31, 2019, the related statement of operationsfor the year ended December 31, 2019,the statement of changes in net assets for each of the two years in the period ended December 31, 2019, including the related notes,and the financial highlights for each of the five years in the period ended December 31, 2019 (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Account as of December 31, 2019, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period ended December 31, 2019 and the financial highlights for each of the five years in the period ended December 31, 2019 in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility of the Account’s management. Our responsibility is to express an opinion on the Account’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Account in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of December 31, 2019 by

28 2019 Annual Report   §   TIAA Separate Account VA-1

correspondence with the custodian, and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinion.

PricewaterhouseCoopers LLP

Baltimore, Maryland

February 24, 2020

We have served as the auditor of one or more investment companies in TIAA-CREF Funds’ investment company group since 2005.

TIAA Separate Account VA-1   §   2019 Annual Report 29

2019 special meeting(unaudited)

TIAA Separate Account VA-1

Managers

On July 17, 2019, at a special meeting of contractowners, the following persons were elected to serve on the Management Committee:

Nominee	Dollars for		Percent		Dollars against		Percent		Dollars abstain		Percent
Forrest Berkley		682,558.955		91.506		8,528.786		1.143		54,826.958		7.350
Joseph A. Boateng		681,104.118		91.311		11,387.459		1.527		53,423.122		7.162
Janice C. Eberly		691,775.773		92.742		6,966.694		0.934		47,172.232		6.324
Nancy A. Eckl		688,145.665		92.255		10,868.405		1.457		46,900.629		6.288
Michael A. Forrester		679,094.147		91.042		13,911.345		1.865		52,909.207		7.093
Howell E. Jackson		685,303.845		91.874		9,077.929		1.217		51,532.925		6.909
Thomas J. Kenny		676,954.973		90.755		15,796.009		2.118		53,163.717		7.127
James M. Poterba		687,404.587		92.156		7,458.491		1.000		51,051.621		6.844
Maceo K. Sloan		676,365.337		90.676		18,867.500		2.529		50,681.862		6.795
Laura T. Starks		688,327.198		92.280		10,964.696		1.470		46,622.805		6.250

Joseph A. Boateng was elected to office. Forrest Berkley, Janice C. Eberly, Nancy A. Eckl, Michael A. Forrester, Howell E. Jackson, Thomas J. Kenny, James M. Poterba, Maceo K. Sloan and Laura T. Starks continued in office.

The results above were certified by Computershare Fund Services, Inc., independent tabulator for the TIAA Separate Account VA-1.

30 2019 Annual Report   §   TIAA Separate Account VA-1

Management committee members and officers(unaudited)

TIAA Separate Account VA-1  §  January 21, 2020

Members

Name, address and year of birth (“YOB”)	Position(s) held with account	Term of office and length of time served	Principal occupation(s) during past 5 years	Number of portfolios in fund complex overseen by trustee	Other directorship(s) held by trustee
Forrest Berkley c/o Corporate Secretary 730 Third Avenue New York, NY 10017-3206 YOB: 1954	Member	Indefinite term. Member since 2006.	Retired Partner (since 2006), Partner (1990–2005) and Head of Global Product Management (2003–2005), GMO (formerly, Grantham, Mayo, Van Otterloo & Co.) (investment management); and member of asset allocation portfolio management team, GMO (2003–2005).	89	Director, Save the Children Federation, Inc.; Investment Committee Member, Maine Community Foundation.
Joseph A. Boateng c/o Corporate Secretary 730 Third Avenue New York, NY 10017-3206 YOB: 1963	Member	Indefinite term. Member since 2019.	Chief Investment Officer, Casey Family Programs (since 2007). Director of U.S. Pension Plans at Johnson & Johnson (2002–2006); Manager, Financial Services Consultant, KPMG Consulting (2000–2002); several positions, Xerox Corporation (1988–2000).	89	Board member, Year Up Puget Sound; Investment Advisory Committee Chair, Seattle City Employees’ Retirement System; Investment Committee member, The Seattle Foundation.
Janice C. Eberly c/o Corporate Secretary 730 Third Avenue New York, NY 10017-3206 YOB: 1962	Trustee	Indefinite term. Trustee since 2018.	James R. and Helen D. Russell Professor of Finance at the Kellogg School of Management at Northwestern University (2002–2011 and since 2013), and Chair of the Finance Department (2005–2007). Vice President, American Economic Association (since 2020). Assistant Secretary for Economic Policy at the United States Department of the Treasury (2011–2013).	89	Independent Director and Chair of the Risk Committee, Office of Finance, Federal Home Loan Banks; Member of the Executive Committee, American Economic Association; Director, Avant, LLC.

TIAA Separate Account VA-1   §   2019 Annual Report 31

Management committee members and officers(unaudited) continued

TIAA Separate Account VA-1  §  January 21, 2020

Members—concluded

Name, address and year of birth (“YOB”)	Position(s) held with account	Term of office and length of time served	Principal occupation(s) during past 5 years	Number of portfolios in fund complex overseen by trustee	Other directorship(s) held by trustee
Nancy A. Eckl c/o Corporate Secretary 730 Third Avenue New York, NY 10017-3206 YOB: 1962	Member	Indefinite term. Member since 2007.	Vice President (1990–2006), American Beacon Advisors, Inc., and Vice President of certain funds advised by American Beacon Advisors, Inc.	89	Independent Director, The Lazard Funds, Inc., Lazard Retirement Series, Inc., and Lazard Global Total Return and Income Fund, Inc.
Michael A. Forrester c/o Corporate Secretary 730 Third Avenue New York, NY 10017-3206 YOB: 1967	Member	Indefinite term. Member since 2007.	Chief Executive Officer (since 2014) and Chief Operating Officer (2007–2014), Copper Rock Capital Partners, LLC; Chief Operating Officer, DDJ Capital Management (2003–2006).	89	Director, Copper Rock Capital Partners, LLC (investment adviser); Trustee, Dexter Southfield School.
Howell E. Jackson c/o Corporate Secretary 730 Third Avenue New York, NY 10017-3206 YOB: 1954	Member	Indefinite term. Member since 2005.	James S. Reid, Jr. Professor of Law (since 2004), Senior Advisor to the President and Provost (2010–2012), Acting Dean (2009), Vice Dean for Budget (2003–2006) and on the faculty (since 1989) of Harvard Law School.	89	Director, Commonwealth(non-profit organization).
Thomas J. Kenny c/o Corporate Secretary 730 Third Avenue New York, NY 10017-3206 YOB: 1963	Chairman of the Management Committee and Member	Indefinite term. Trustee since 2011; Chairman for term ending July 1, 2021. Chairman since 2017.	Advisory Director (2010–2011), Partner (2004–2010), Managing Director (1999–2004),Co-Head of Global Cash and Fixed Income Portfolio Management Team (2002–2010), Goldman Sachs Asset Management.	89	Director and Chair of the Finance and Investment Committee, Aflac Incorporated; Director and Chair of the Finance Committee, Sansum Clinic; Director, ParentSquare; Investment Committee Member, Cottage Health System; Member, University of California at Santa Barbara Arts and Lectures Advisory Council.

32 2019 Annual Report   §   TIAA Separate Account VA-1

James M. Poterba c/o Corporate Secretary 730 Third Avenue New York, NY 10017-3206 YOB: 1958	Member	Indefinite term. Member since 2006.	President and Chief Executive Officer, National Bureau of Economic Research (“NBER”) (since 2008); Affiliated Faculty Member of the Finance Group at the Alfred P. Sloan School of Management, Massachusetts Institute of Technology (“MIT”) (since 2014); Mitsui Professor of Economics, MIT (since 1996); Head (2006–2008) and Associate Head (1994–2000 and 2001–2006), Economics Department of MIT; and Program Director, NBER (1990–2008).	89	Director, The Alfred P. Sloan Foundation and National Bureau of Economic Research; Member, Congressional Budget Office Panel of Economic Advisers.
Maceo K. Sloan c/o Corporate Secretary 730 Third Avenue New York, NY 10017-3206 YOB: 1949	Member	Indefinite term. Member since 2001.	Chairman, President and Chief Executive Officer, Sloan Financial Group, Inc. (1991–2018); Chairman and Chief Executive Officer (1991–2016) and Chief Investment Officer (1991–2013) and Chief Compliance Officer (2015–2016), NCM Capital Management Group, Inc.; Chairman and Chief Executive Officer (2003–2016) and Chief Investment Officer (2003–2013) and Chief Compliance Officer (2015–2016), NCM Capital Advisers Inc.; and Chairman, President and Principal Executive Officer, NCM Capital Investment Trust (2007–2012).	89	N/A
Laura T. Starks c/o Corporate Secretary 730 Third Avenue New York, NY 10017-3206 YOB: 1950	Member	Indefinite term. Member since 2006.	Charles E. and Sarah M. Seay Regents Chair in Finance (since 2002),Co-Executive Director, Social Innovation Initiative (since 2015), Director, AIM Investment Center (2000–2016), Associate Dean for Research (2011–2016), Chairman, Department of Finance (2002–2011) and Professor (since 1987), McCombs School of Business, University of Texas at Austin. President, Society of Financial Studies (since 2017). Vice President, American Finance Association (since 2020).	89	Texa$aver Product Committee Member, Employees Retirement System of Texas.

TIAA Separate Account VA-1   §   2019 Annual Report 33

Management committee members and officers(unaudited) continued

TIAA Separate Account VA-1  §  January 21, 2020

Officers

Name, address and year of birth (“YOB”)	Position(s) held with account	Term of office and length of time served	Principal occupation(s) during past 5 years
Vijay Advani TIAA 730 Third Avenue New York, NY 10017-3206 YOB: 1960	Executive Vice President	One-year term. Executive Vice President since 2018.	Executive Chairman, Nuveen. Executive Vice President of the College Retirement Equities Fund (“CREF”), TIAA Separate AccountVA-1, TIAA-CREF Funds and TIAA-CREF Life Funds (collectively, the “TIAA-CREF Fund Complex”). Formerly, Chief Executive Officer, Nuveen. Prior to joining Nuveen, Mr. Advani served asCo-President of Franklin Resources, Inc. (Franklin Templeton Investments).
Mona Bhalla TIAA 730 Third Avenue New York, NY 10017-3206 YOB: 1969	Senior Managing Director and Corporate Secretary	One-year term. Senior Managing Director and Corporate Secretary since 2017.	Senior Managing Director and Corporate Secretary of Teachers Insurance and Annuity Association of America (“TIAA”) and the TIAA-CREF Fund Complex. Prior to joining TIAA, Ms. Bhalla served as Senior Vice President, Counsel and Corporate Secretary, Head of Corporate, Securities and M&A Group of AllianceBernstein L.P.
Richard S. Biegen TIAA 730 Third Avenue New York, NY 10017-3206 YOB: 1962	Chief Compliance Officer	One-year term. Chief Compliance Officer since 2008.	Senior Managing Director, TIAA. Chief Compliance Officer of the TIAA-CREF Fund Complex.
Carol W. Deckbar TIAA 730 Third Avenue New York, NY 10017-3206 YOB: 1962	Executive Vice President	One-year term. Executive Vice President since 2017	Executive Vice President, Institutional Investment and Endowment Services of TIAA and Executive Vice President of CREF andVA-1.

34 2019 Annual Report   §   TIAA Separate Account VA-1

Roger W. Ferguson, Jr. TIAA 730 Third Avenue New York, NY 10017-3206 YOB: 1951	President and Chief Executive Officer	One-year term. President and Chief Executive Officer since 2008.	President and Chief Executive Officer of TIAA, CREF and TIAA Separate AccountVA-1.
Jose Minaya TIAA 730 Third Avenue New York, NY 10017-3206 YOB: 1971	Executive Vice President	One-year term. Executive Vice President since 2018.	Chief Executive Officer, Nuveen. Executive Vice President of the TIAA-CREF Fund Complex. Formerly, Executive Vice President, President and Chief investment Officer, Nuveen; Executive Vice President, Chief Investment Officer, Nuveen Global Investments; and Senior Managing Director, President, Global Investments, TIAA.
Phillip T. Rollock TIAA 730 Third Ave. New York, NY 10017-3206 YOB: 1962	Executive Vice President and Chief Legal Officer	One-year term. Executive Vice President and Chief Legal Officer since 2018.	Executive Vice President and Chief Legal Officer of TIAA and the TIAA-CREF Fund Complex. Formerly, Senior Managing Director, Deputy Chief Legal Officer and Corporate Secretary of TIAA.
Christopher A. Van Buren TIAA 730 Third Avenue New York, NY 10017-3206 YOB: 1962	Executive Vice President	One-year term. Executive Vice President since 2018.	Executive Vice President, Chief Risk Officer of TIAA, and Executive Vice President of the TIAA-CREF Fund Complex. Prior to joining TIAA, Mr. Van Buren served as Managing Director, Group Risk Control of UBS.
E. Scott Wickerham TIAA 730 Third Avenue New York, NY 10017-3206 YOB: 1973	Principal Financial Officer, Principal Accounting Officer and Treasurer	One-year Principal Financial Officer, Principal Accounting Officer and Treasurer since 2017.	Senior Managing Director, Head, Publics Investment Finance, Nuveen. Principal Financial Officer, Principal Accounting Officer and Treasurer of the TIAA-CREF Funds, TIAA-CREF Life Funds and TIAA Separate AccountVA-1; Treasurer of CREF; and Vice President and Controller of the Nuveen Funds. Formerly, Managing Director, Head, TC Fund Administration, Nuveen.

TIAA Separate Account VA-1   §   2019 Annual Report 35

Management committee members and officers(unaudited) concluded

TIAA Separate Account VA-1  §  January 21, 2020

Officers—concluded

Name, address and year of birth (“YOB”)	Position(s) held with account	Term of office and length of time served	Principal occupation(s) during past 5 years
Sean N. Woodroffe TIAA 730 Third Avenue New York, NY 10017-3206 YOB: 1963	Executive Vice President	One-year term. Executive Vice President since 2018.	Senior Executive Vice President, Chief Human Resources Officer of TIAA, and Executive Vice President of the TIAA-CREF Fund Complex. Prior to joining TIAA, Mr. Woodroffe served as Chief People Officer at National Life Group.

The Account’s Statement of Additional Information (SAI) includes additional information about the Account’s members and is available, without charge, through our website, TIAA.org, or by telephone at 800-223-1200.

36 2019 Annual Report   §   TIAA Separate Account VA-1

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How to reach us

TIAA website

Account performance, personal account information and transactions, product descriptions, and information about investment choices and income options

TIAA.org

Automated telephone service

Check account performance and accumulation balances, change allocations, transfer funds and verify credited premiums

800-842-2252

24 hours a day, 7 days a week

National contact center

Retirement saving and planning, income options and payments, beneficiary services and tax reporting

800-842-2252

8 a.m. to 10 p.m. (ET), Monday–Friday

9 a.m. to 6 p.m. (ET), Saturday

Insurance planning center

After-tax annuities and life insurance

For an existing policy or contract

800-223-1200

To apply for a new policy or contract

877-825-0411

8 a.m. to 8 p.m. (ET), Monday–Friday

For the hearing- or speech-impaired

800-842-2755

8 a.m. to 10 p.m. (ET), Monday–Friday

9 a.m. to 6 p.m. (ET), Saturday

You should carefully consider the investment objectives, risks, charges and expenses of any account before investing. For a prospectus that contains this and other information, please visit TIAA.org, or call800-223-1200. Please read the prospectus carefully before investing. Investment, insurance and annuity products are not Federal Deposit Insurance Corporation (FDIC) insured, are not bank guaranteed, are not bank deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value. Nuveen, a subsidiary of TIAA, provides investment advice and portfolio management services through a dozen affiliated registered investment advisers. TIAA-CREF Individual & Institutional Services, LLC and Nuveen Securities, LLC, members FINRA, distribute securities products. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association of America (TIAA) and College Retirement Equities Fund (CREF), New York, NY. TIAA Separate AccountVA-1 is issued by Teachers Insurance and Annuity Association of America (TIAA), New York, NY. Each of the foregoing is solely responsible for its own financial condition and contractual obligations.

This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy, sell or hold a security or an investment strategy, and is not provided in a fiduciary capacity. The information provided does not take into account the specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should be made based on an investor’s objectives and circumstances and in consultation with his or her advisors.

©2020 Teachers Insurance and Annuity Association of America–College Retirement Equities Fund,

730 Third Avenue, New York, NY 10017-3206

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1081009 A10845 (2/20)

Item 2. Code of Ethics.

2(a)The Management Committee of TIAA Separate AccountVA-1 (the “Registrant”) has adopted a code of ethics for senior financial officers, including the Registrant’s principal executive officer, principal financial officer, principal accounting officer, or controller, and persons performing similar functions, in conformity with rules promulgated under the Sarbanes-Oxley Act of 2002.

2(b)No response required.

2(c)During the reporting period, there were no amendments to the code of ethics.

2(d)During the reporting period, there were no implicit or explicit waivers granted by the Registrant from any provision of the code of ethics.

2(e)Not applicable.

2(f)A copy of the current code of ethics is filed as an exhibit to this FormN-CSR.

Item 3. Audit Committee Financial Expert.

3(a)(1)The Registrant’s Management Committee has determined that the Registrant has at least one audit committee financial expert serving on its Audit and Compliance Committee.

3(a)(2)Maceo K. Sloan is the Registrant’s audit committee financial expert and is “independent” for purposes of Item 3 of FormN-CSR.

Item 4. Principal Accountant Fees and Services.

PricewaterhouseCoopers LLP (“PwC”) performs independent audits of the Registrant’s financial statements. To maintain auditor independence and avoid the appearance of conflicts of interest, the Registrant, as a policy, does not engage PwC for management advisory or consulting services.

The aggregate fees billed by PwC as disclosed below for the fiscal year ended December 31, 2019 and December 31, 2018 may not align with the figures reported and filed with the Securities and Exchange Commission in FormN-CEN or FormN-CSR for each period, respectively, (SEC FileNo. 811-08520) because the fees disclosed in this statement reflect fees updated after the date of that FormN-CEN or FormN-CSR for the relevant periods.

4(a)Audit Fees.

For the fiscal years ended December 31, 2019 and December 31, 2018, PwC’s aggregate fees for the audit of the Registrant’s annual financial statements were $54,827 and $55,945, respectively.

4(b)Audit Related Fees.

For the fiscal years ended December 31, 2019 and December 31, 2018, PwC’s aggregate fees for services related to the performance of the audit of the Registrant’s annual financial statements were $0 and $0, respectively.

For the fiscal years ended December 31, 2019 and December 31, 2018, the Audit-Related Fees billed by PwC to Teachers Advisors, LLC (“Advisors”) or to any entity controlling, controlled by or under common control with Advisors that provides ongoing services to the Registrant (collectively, “Fund Service Providers”) were $0 and $0, respectively.

4(c)Tax Fees.

For the fiscal years ended December 31, 2019 and December 31, 2018, PwC’s aggregate fees for tax services billed to the Registrant were $1,550 and $0, respectively.

For the fiscal years ended December 31, 2019 and December 31, 2018, PwC’s aggregate fees for tax services billed to the Fund Service Providers were $0 and $0, respectively.

4(d)All Other Fees.

For the fiscal years ended December 31, 2019 and December 31, 2018, PwC’s aggregate fees for all other services billed to the Registrant were $3,028 and $3,035, respectively.

For the fiscal years ended December 31, 2019 and December 31, 2018, PwC’s aggregate fees for all other services billed to the Fund Service Providers were $0 and $0, respectively.

4(e)(1)Preapproval Policy.

The Registrant’s audit and compliance committee (“Audit Committee”) has adopted a Preapproval Policy for External Audit Firm Services (the “Policy”). The Policy describes the types of services that may be provided by the independent auditor to the Registrant and certain of its affiliates without impairing the auditor’s independence. Under the Policy, the Audit Committee is required to preapprove all services to be performed by the Registrant’s independent auditor in order to ensure that such services do not impair the auditor’s independence.

The Policy requires the Audit Committee to: (i) appoint the independent auditor to perform the financial statements audit for the Registrant and certain of its affiliates, including approving the terms of the engagement, and (ii) preapprove the audit, audit-related, tax and other services to be provided by the independent auditor to the Registrant and certain of its affiliates and the fees to be charged for provision of such services from year to year.

4(e)(2)Services provided pursuant to paragraph (c)(7)(i)(C) of Rule2-01 of RegulationS-X (the “de minimis exception”):

Audit-Related Fees:

There were no amounts that were approved by the Audit Committee pursuant to the de minimis exception for the fiscal years ended December 31, 2019 and December 31, 2018 on behalf of the Registrant.

There were no amounts that were approved by the Audit Committee pursuant to the de minimis exception for the fiscal years ended December 31, 2019 and December 31, 2018 on behalf of the Fund Service Providers that relate directly to the operations and financial reporting of the Registrant.

Tax Fees:

There were no amounts that were approved by the Audit Committee pursuant to the de minimis exception for the fiscal years ended December 31, 2019 and December 31, 2018 on behalf of the Registrant.

There were no amounts that were approved by the Audit Committee pursuant to the de minimis exception for the fiscal years ended December 31, 2019 and December 31, 2018 on behalf of the Fund Service Providers that relate directly to the operations and financial reporting of the Registrant.

All Other Fees:

There were no amounts that were approved by the Audit Committee pursuant to the de minimis exception for the fiscal years ended December 31, 2019 and December 31, 2018 on behalf of the Registrant.

There were no amounts that were approved by the Audit Committee pursuant to the de minimis exception for the fiscal years ended December 31, 2019 and December 31, 2018 on behalf of the Fund Service Providers that relate directly to the operations and financial reporting of the Registrant.

4(f) The percentage of hours expended by PwC’s engagement to audit the Registrant’s financial statements for the most recent fiscal year attributable to work performed by persons other than PwC’s full-time, permanent employees was less than 50%.

4(g)Non-Audit Fees for Related Entities.

For the fiscal years ended December 31, 2019 and December 31, 2018, aggregatenon-audit fees billed to the Registrant and to its Fund Service Providers by PwC were $217,000 and $221,000, respectively.

4(h) The Registrant’s Audit Committee has considered whether thenon-audit services that were rendered by PwC to the Registrant’s Fund Service Providers that were notpre-approved pursuant to paragraph (c)(7)(ii) of Rule2-01 of RegulationS-X are compatible with maintaining PwC’s independence.

Item 5. Audit Committee of Listed Registrants.

Not Applicable.

Item 6. Schedule of Investments.

TIAA SEPARATE ACCOUNTVA-1 -Stock Index Account

TIAA SEPARATE ACCOUNTVA-1

STOCK INDEX ACCOUNT

SCHEDULE OF INVESTMENTS

December 31, 2019

SHARES		COMPANY	VALUE (000)
COMMON STOCKS - 99.4%
AUTOMOBILES & COMPONENTS - 0.7%
2,457	*	Adient plc	$	52
3,248	*	American Axle & Manufacturing Holdings, Inc		35
9,034		Aptiv plc		858
7,322		BorgWarner, Inc		318
1,678		Cooper Tire & Rubber Co		48
138	*	Cooper-Standard Holding, Inc		4
4,034		Dana Inc		73
1,044	*	Dorman Products, Inc		79
134,166		Ford Motor Co		1,248
1,363	*	Fox Factory Holding Corp		95
42,309		General Motors Co		1,548
8,820		Gentex Corp		256
1,424	*	Gentherm, Inc		63
5,954		Goodyear Tire & Rubber Co		93
5,507		Harley-Davidson, Inc		205
938		LCI Industries, Inc		100
2,291		Lear Corp		314
1,945	*	Modine Manufacturing Co		15
670	*	Motorcar Parts of America, Inc		15
1,379		Spartan Motors, Inc		25
843		Standard Motor Products, Inc		45
1,055	*	Stoneridge, Inc		31
928		Tenneco, Inc		12
4,891	*	Tesla, Inc		2,046
1,360		Thor Industries, Inc		101
759	*	Visteon Corp		66
1,185		Winnebago Industries, Inc		63
		TOTAL AUTOMOBILES & COMPONENTS		7,808
BANKS - 5.9%
625		1st Source Corp		32
255		ACNB Corp		10
444	*	Allegiance Bancshares, Inc		17
667	*	Amerant Bancorp Inc		15
374		American National Bankshares, Inc		15
2,080		Ameris Bancorp		88
387		Ames National Corp		11
425		Arrow Financial Corp		16
5,246		Associated Banc-Corp		116
706	*	Atlantic Capital Bancshares, Inc		13
2,758		Atlantic Union Bankshares Corp		104
2,322	*	Axos Financial, Inc		70
1,598		Banc of California, Inc		27
666		Bancfirst Corp		42
3,345		BancorpSouth Bank		105
178		Bank First Corp		12
280,970		Bank of America Corp		9,896
601		Bank of Commerce Holdings		7
1,195		Bank of Hawaii Corp		114
468		Bank of Marin Bancorp		21
2,093		Bank of NT Butterfield & Son Ltd		77
4,451		Bank OZK		136
457		BankFinancial Corp		6
4,119		BankUnited		151

1

TIAA SEPARATE ACCOUNT VA-1 -Stock Index Account

SHARES		COMPANY	VALUE (000)
217		Bankwell Financial Group, Inc	$	6
1,278		Banner Corp		72
622		Bar Harbor Bankshares		16
385	*	Baycom Corp		9
361		BCB Bancorp, Inc		5
1,542		Berkshire Hills Bancorp, Inc		51
1,053		BOK Financial Corp		92
3,231		Boston Private Financial Holdings, Inc		39
683		Bridge Bancorp, Inc		23
2,984		Brookline Bancorp, Inc		49
630		Bryn Mawr Bank Corp		26
313		Business First Bancshares, Inc		8
241	*	Byline Bancorp, Inc		5
131		C&F Financial Corp		7
3,579		Cadence BanCorp		65
135	e	Cambridge Bancorp		11
613		Camden National Corp		28
447		Capital City Bank Group, Inc		14
4,687		Capitol Federal Financial		64
314		Capstar Financial Holdings, Inc		5
555		Carolina Financial Corp		24
550	*	Carter Bank & Trust		13
2,040		Cathay General Bancorp		78
654		CBTX, Inc		20
4,102		Centerstate Banks of Florida, Inc		102
1,125		Central Pacific Financial Corp		33
383		Central Valley Community Bancorp		8
152		Century Bancorp, Inc		14
122		Chemung Financial Corp		5
2,767		CIT Group, Inc		126
75,336		Citigroup, Inc		6,018
533		Citizens & Northern Corp		15
15,625		Citizens Financial Group, Inc		635
597		City Holding Co		49
377		Civista Bancshares, Inc		9
498		CNB Financial Corp		16
376		Codorus Valley Bancorp, Inc		9
2,875		Columbia Banking System, Inc		117
1,738	*	Columbia Financial, Inc		29
5,413		Comerica, Inc		388
3,727		Commerce Bancshares, Inc		253
1,925		Community Bank System, Inc		137
837		Community Bankers Trust Corp		7
153		Community Financial Corp		5
651		Community Trust Bancorp, Inc		30
1,146		ConnectOne Bancorp, Inc		29
2,189		Cullen/Frost Bankers, Inc		214
1,005	*	Customers Bancorp, Inc		24
4,043		CVB Financial Corp		87
1,325		Dime Community Bancshares		28
1,035		Eagle Bancorp, Inc		50
5,381		East West Bancorp, Inc		262
192	*	Entegra Financial Corp		6
314		Enterprise Bancorp, Inc		11
828		Enterprise Financial Services Corp		40
402	*	Equity Bancshares, Inc		12
342		ESSA Bancorp, Inc		6
2,855		Essent Group Ltd		148
171		Evans Bancorp, Inc		7
356		Farmers & Merchants Bancorp, Inc		11
1,013		Farmers National Banc Corp		17
246		FB Financial Corp		10
384		Federal Agricultural Mortgage Corp (Class C)		32
24,463		Fifth Third Bancorp		752

2

TIAA SEPARATE ACCOUNT VA-1 -Stock Index Account

SHARES		COMPANY	VALUE (000)
527		Financial Institutions, Inc	$	17
1,088		First Bancorp		43
6,201		First Bancorp		66
498		First Bancorp, Inc		15
322		First Bancshares, Inc		11
603		First Bank		7
1,476		First Busey Corp		41
360		First Business Financial Services, Inc		9
226		First Citizens Bancshares, Inc (Class A)		120
3,678		First Commonwealth Financial Corp		53
680		First Community Bancshares, Inc		21
736		First Defiance Financial Corp		23
2,544		First Financial Bancorp		65
4,932		First Financial Bankshares, Inc		173
384		First Financial Corp		18
175		First Financial Northwest, Inc		3
1,098		First Foundation, Inc		19
178		First Guaranty Bancshares, Inc		4
4,467		First Hawaiian, Inc		129
11,602		First Horizon National Corp		192
228		First Internet Bancorp		5
951		First Interstate Bancsystem, Inc		40
1,580		First Merchants Corp		66
380		FirstMid-Illinois Bancshares, Inc		13
2,629		First Midwest Bancorp, Inc		61
327		First Northwest Bancorp		6
862		First of Long Island Corp		22
5,668		First Republic Bank		666
890		Flagstar Bancorp, Inc		34
1,083		Flushing Financial Corp		23
9,554		FNB Corp		121
389		Franklin Financial Network, Inc		13
4,859		Fulton Financial Corp		85
903		German American Bancorp, Inc		32
2,999		Glacier Bancorp, Inc		138
412		Great Southern Bancorp, Inc		26
1,353		Great Western Bancorp, Inc		47
113		Greene County Bancorp, Inc		3
275		Guaranty Bancshares, Inc		9
3,384		Hancock Whitney Corp		148
1,297		Hanmi Financial Corp		26
728	*	HarborOne Northeast Bancorp, Inc		8
953		Heartland Financial USA, Inc		47
1,355		Heritage Commerce Corp		17
1,150		Heritage Financial Corp		33
2,919		Hilltop Holdings, Inc		73
57		Hingham Institution for Savings		12
238		Home Bancorp, Inc		9
4,557		Home Bancshares, Inc		90
698	*	HomeStreet, Inc		24
667		HomeTrust Bancshares, Inc		18
2,725		Hope Bancorp, Inc		40
1,209		Horizon Bancorp		23
323	*	Howard Bancorp, Inc		5
36,709		Huntington Bancshares, Inc		554
1,963		IBERIABANK Corp		147
1,238		Independent Bank Corp		103
863		Independent Bank Corp		20
1,089		Independent Bank Group, Inc		60
2,138		International Bancshares Corp		92
299		Investar Holding Corp		7
10,225		Investors Bancorp, Inc		122
107,684		JPMorgan Chase & Co		15,011
4,372		Kearny Financial Corp		60

3

TIAA SEPARATE ACCOUNT VA-1 -Stock Index Account

SHARES		COMPANY	VALUE (000)
36,059		Keycorp	$	730
1,629		Lakeland Bancorp, Inc		28
976		Lakeland Financial Corp		48
378		LCNB Corp		7
287	*,e	LendingTree, Inc		87
833		Live Oak Bancshares, Inc		16
4,597		M&T Bank Corp		780
1,072		Macatawa Bank Corp		12
236	*	Malvern Bancorp, Inc		5
640		Mercantile Bank Corp		23
573		Merchants Bancorp		11
1,997		Meridian Bancorp, Inc		40
1,035		Meta Financial Group, Inc		38
229	*	Metropolitan Bank Holding Corp		11
10,835		MGIC Investment Corp		154
582		Midland States Bancorp, Inc		17
406		MidWestOne Financial Group, Inc		15
280	*	Mr Cooper Group, Inc		3
213		MutualFirst Financial, Inc		8
984		National Bank Holdings Corp		35
257		National Bankshares, Inc		12
1,661		NBT Bancorp, Inc		67
14,827		New York Community Bancorp, Inc		178
301	*	Nicolet Bankshares, Inc		22
2,265	*	NMI Holdings, Inc		75
256		Northeast Bank		6
1,643		Northfield Bancorp, Inc		28
280		Northrim BanCorp, Inc		11
3,683		Northwest Bancshares, Inc		61
223		Norwood Financial Corp		9
1,583		OceanFirst Financial Corp		40
1,902		OFG Bancorp		45
160		Ohio Valley Banc Corp		6
4,858		Old National Bancorp		89
1,237		Old Second Bancorp, Inc		17
796		Opus Bank		21
568		Origin Bancorp, Inc		21
297		Orrstown Financial Services, Inc		7
589	*	Pacific Mercantile Bancorp		5
1,516		Pacific Premier Bancorp, Inc		49
3,679		PacWest Bancorp		141
529		Park National Corp		54
198		Parke Bancorp, Inc		5
696		PCSB Financial Corp		14
642		Peapack Gladstone Financial Corp		20
331		Penns Woods Bancorp, Inc		12
575		PennyMac Financial Services, Inc		20
174		Peoples Bancorp of North Carolina, Inc		6
595		Peoples Bancorp, Inc		21
333		Peoples Financial Services Corp		17
13,923		People’s United Financial, Inc		235
521		People’s Utah Bancorp		16
2,763		Pinnacle Financial Partners, Inc		177
15,134		PNC Financial Services Group, Inc		2,416
2,847		Popular, Inc		167
510		Preferred Bank		31
471		Premier Financial Bancorp, Inc		9
3,550		Prosperity Bancshares, Inc		255
339	*	Provident Bancorp Inc		4
1,243		Provident Financial Services, Inc		31
279		Prudential Bancorp, Inc		5
472		QCR Holdings, Inc		21
6,822		Radian Group, Inc		172
475		RBB Bancorp		10

4

TIAA SEPARATE ACCOUNT VA-1 -Stock Index Account

SHARES		COMPANY	VALUE (000)
34,648		Regions Financial Corp	$	595
254		Reliant Bancorp Inc		6
1,629		Renasant Corp		58
364		Republic Bancorp, Inc (Class A)		17
1,873	*	Republic First Bancorp, Inc		8
671		Riverview Bancorp, Inc		5
1,349		S&T Bancorp, Inc		54
1,200		Sandy Spring Bancorp, Inc		45
1,542	*	Seacoast Banking Corp of Florida		47
1,876		ServisFirst Bancshares, Inc		71
497		Shore Bancshares, Inc		9
370		Sierra Bancorp		11
1,852		Signature Bank		253
2,996		Simmons First National Corp (Class A)		80
275		SmartFinancial, Inc		6
1,240		South State Corp		108
228	*	Southern First Bancshares, Inc		10
231		Southern Missouri Bancorp, Inc		9
454		Southern National Bancorp of Virginia, Inc		7
1,068		Southside Bancshares, Inc		40
7,815		Sterling Bancorp/DE		165
922		Stock Yards Bancorp, Inc		38
394		Summit Financial Group, Inc		11
1,944	*	SVB Financial Group		488
5,935		Synovus Financial Corp		233
5,787		TCF Financial Corp		271
286		Territorial Bancorp, Inc		9
1,428	*	Texas Capital Bancshares, Inc		81
1,044		TFS Financial Corp		21
1,514	*	The Bancorp, Inc		20
232		Timberland Bancorp, Inc		7
573		Tompkins Financial Corp		52
2,493		Towne Bank		69
240		Trico Bancshares		10
943	*	Tristate Capital Holdings, Inc		25
657	*	Triumph Bancorp, Inc		25
46,004		Truist Financial Corp		2,591
3,358		Trustco Bank Corp NY		29
2,619		Trustmark Corp		90
1,796		UMB Financial Corp		123
6,954		Umpqua Holdings Corp		123
161		Union Bankshares, Inc		6
3,861		United Bankshares, Inc		149
2,711		United Community Banks, Inc		84
1,829		United Community Financial Corp		21
510		United Security Bancshares		5
266		Unity Bancorp, Inc		6
1,012		Univest Financial Corp		27
49,494		US Bancorp		2,934
14,062		Valley National Bancorp		161
1,101		Veritex Holdings, Inc		32
1,098		Walker & Dunlop, Inc		71
2,531		Washington Federal, Inc		93
581		Washington Trust Bancorp, Inc		31
1,032		Waterstone Financial, Inc		20
3,586		Webster Financial Corp		191
131,632		Wells Fargo & Co		7,082
2,232		WesBanco, Inc		84
597		West Bancorporation, Inc		15
1,024		Westamerica Bancorporation		69
3,666		Western Alliance Bancorp		209
1,021		Western New England Bancorp, Inc		10
2,157		Wintrust Financial Corp		153

5

TIAA SEPARATE ACCOUNT VA-1 -Stock Index Account

SHARES		COMPANY	VALUE (000)
1,991		WSFS Financial Corp	$	88
6,174		Zions Bancorporation		321
		TOTAL BANKS		65,248
CAPITAL GOODS - 6.8%
19,228		3M Co		3,392
4,747		A.O. Smith Corp		226
1,275		Aaon, Inc		63
1,251		AAR Corp		56
2,301		Actuant Corp (Class A)		60
1,438		Acuity Brands, Inc		198
1,431		Advanced Drainage Systems, Inc		56
5,026	*	Aecom Technology Corp		217
1,316	*	Aegion Corp		29
2,671	*	Aerojet Rocketdyne Holdings, Inc		122
831	*	Aerovironment, Inc		51
2,151		AGCO Corp		166
3,064		Air Lease Corp		146
1,259		Aircastle Ltd		40
374		Alamo Group, Inc		47
1,111		Albany International Corp (Class A)		84
3,351		Allegion plc		417
205		Allied Motion Technologies, Inc		10
3,239		Allison Transmission Holdings, Inc		157
2,253		Altra Industrial Motion Corp		82
909	*	Ameresco, Inc		16
568	*	American Woodmark Corp		59
7,670		Ametek, Inc		765
1,095		Apogee Enterprises, Inc		36
1,503		Applied Industrial Technologies, Inc		100
12,884		Arconic, Inc		396
1,955		Arcosa, Inc		87
555		Argan, Inc		22
822	*	Armstrong Flooring, Inc		4
1,735		Armstrong World Industries, Inc		163
823		Astec Industries, Inc		35
810	*	Astronics Corp		23
1,239	*	Atkore International Group, Inc		50
2,036	*	Axon Enterprise, Inc		149
1,059		AZZ, Inc		49
1,953		Barnes Group, Inc		121
2,363	*	Beacon Roofing Supply, Inc		76
1,933	*,e	Bloom Energy Corp		14
278	*	Blue Bird Corp		6
325	*,e	BlueLinx Holdings, Inc		5
2,534	*	BMC Stock Holdings, Inc		73
18,283		Boeing Co		5,956
1,640		Briggs & Stratton Corp		11
3,625	*	Builders FirstSource, Inc		92
3,398		BWX Technologies, Inc		211
883		CaesarstoneSdot-Yam Ltd		13
520	*	CAI International, Inc		15
1,816		Carlisle Cos, Inc		294
18,523		Caterpillar, Inc		2,736
1,264	*	Chart Industries, Inc		85
647	*	CIRCOR International, Inc		30
3,463	*	Colfax Corp		126
840		Columbus McKinnon Corp		34
1,470		Comfort Systems USA, Inc		73
945	*	Commercial Vehicle Group, Inc		6
1,524	*	Continental Building Products, Inc		56
1,570	*	Cornerstone Building Brands, Inc		13
1,416		Crane Co		122
554		CSW Industrials, Inc		43

6

TIAA SEPARATE ACCOUNT VA-1 -Stock Index Account

SHARES		COMPANY	VALUE (000)
1,041		Cubic Corp	$	66
5,085		Cummins, Inc		910
1,467		Curtiss-Wright Corp		207
10,813		Deere & Co		1,873
4,162		Donaldson Co, Inc		240
932		Douglas Dynamics, Inc		51
4,782		Dover Corp		551
485	*	Ducommun, Inc		25
567	*	DXP Enterprises, Inc		23
1,047	*	Dycom Industries, Inc		49
174		Eastern Co		5
14,253		Eaton Corp		1,350
1,960		EMCOR Group, Inc		169
20,818		Emerson Electric Co		1,588
840		Encore Wire Corp		48
648	*,e	Energous Corp		1
1,368	*,e	Energy Recovery, Inc		13
1,701		EnerSys		127
830		EnPro Industries, Inc		56
995		ESCO Technologies, Inc		92
137	e	EVI Industries, Inc		4
2,773	*	Evoqua Water Technologies Corp		53
19,985		Fastenal Co		738
2,292		Federal Signal Corp		74
4,459		Flowserve Corp		222
4,949		Fluor Corp		93
9,852		Fortive Corp		753
5,005		Fortune Brands Home & Security, Inc		327
499	*	Foundation Building Materials, Inc		10
1,724		Franklin Electric Co, Inc		99
3,933	*	Gardner Denver Holdings, Inc		144
1,403	*	Gates Industrial Corp plc		19
1,474		GATX Corp		122
277	*	Gencor Industries, Inc		3
1,814	*	Generac Holdings, Inc		183
8,699		General Dynamics Corp		1,534
299,416		General Electric Co		3,342
1,244	*	Gibraltar Industries, Inc		63
922	*	GMS, Inc		25
678		Gorman-Rupp Co		25
5,055		Graco, Inc		263
1,261		GrafTech International Ltd		15
470		Graham Corp		10
1,755		Granite Construction, Inc		49
2,253	*	Great Lakes Dredge & Dock Corp		26
1,065		Greenbrier Cos, Inc		35
1,120		Griffon Corp		23
1,293		H&E Equipment Services, Inc		43
3,062	*	Harsco Corp		70
5,318	*	HD Supply Holdings, Inc		214
1,220		HEICO Corp		139
2,602		HEICO Corp (Class A)		233
922		Helios Technologies, Inc		43
981	*	Herc Holdings, Inc		48
3,102		Hexcel Corp		227
2,685		Hillenbrand, Inc		89
24,883		Honeywell International, Inc		4,404
1,854		Hubbell, Inc		274
1,297		Huntington Ingalls		325
316		Hurco Cos, Inc		12
404		Hyster-Yale Materials Handling, Inc		24
2,482		IDEX Corp		427
298	*	IES Holdings, Inc		8
11,070		Illinois Tool Works, Inc		1,989

7

TIAA SEPARATE ACCOUNT VA-1 -Stock Index Account

SHARES		COMPANY	VALUE (000)
8,223		Ingersoll-Rand plc	$	1,093
716		Insteel Industries, Inc		15
2,978		ITT, Inc		220
4,430		Jacobs Engineering Group, Inc		398
2,384	*	JELD-WEN Holding, Inc		56
1,200		John Bean Technologies Corp		135
26,871		Johnson Controls International plc		1,094
433		Kadant, Inc		46
1,040		Kaman Corp		69
3,108		Kennametal, Inc		115
2,746	*	Kratos Defense & Security Solutions, Inc		49
7,754		L3Harris Technologies, Inc		1,534
246	*	Lawson Products, Inc		13
306	*	LB Foster Co (Class A)		6
1,228		Lennox International, Inc		300
1,943		Lincoln Electric Holdings, Inc		188
408		Lindsay Corp		39
8,519		Lockheed Martin Corp		3,317
800		Luxfer Holdings plc		15
674	*	Lydall, Inc		14
1,198	*	Manitowoc Co, Inc		21
10,437		Masco Corp		501
798	*	Masonite International Corp		58
2,069	*	Mastec, Inc		133
2,076		Maxar Technologies, Inc		33
1,815	*	Mercury Systems, Inc		125
1,998	*	Meritor, Inc		52
1,823	*	Middleby Corp		200
446		Miller Industries, Inc		17
863		Moog, Inc (Class A)		74
3,470	*	MRC Global, Inc		47
1,382		MSC Industrial Direct Co (Class A)		108
2,210		Mueller Industries, Inc		70
6,011		Mueller Water Products, Inc (Class A)		72
639	*	MYR Group, Inc		21
206		National Presto Industries, Inc		18
1,911	*	Navistar International Corp		55
1,020		NN, Inc		9
1,902		Nordson Corp		310
5,504		Northrop Grumman Corp		1,893
371	*	Northwest Pipe Co		12
4,328	*	NOW, Inc		49
291	*	NV5 Global Inc		15
6,241		nVent Electric plc		160
117		Omega Flex, Inc		13
2,481		Oshkosh Corp		235
3,800		Owens Corning, Inc		247
11,537		PACCAR, Inc		913
4,456		Parker-Hannifin Corp		917
502	*	Parsons Corp		21
334		Patrick Industries, Inc		18
5,547		Pentair plc		254
1,847	*	PGT, Inc		28
7,340	*,e	Plug Power, Inc		23
416		Powell Industries, Inc		20
96		Preformed Line Products Co		6
1,452		Primoris Services Corp		32
1,003	*	Proto Labs, Inc		102
1,340		Quanex Building Products Corp		23
4,869		Quanta Services, Inc		198
1,477		Raven Industries, Inc		51
9,584		Raytheon Co		2,106
899	*	RBC Bearings, Inc		142
1,737		Regal-Beloit Corp		149

8

TIAA SEPARATE ACCOUNT VA-1 -Stock Index Account

SHARES		COMPANY	VALUE (000)
4,524	*	Resideo Technologies, Inc	$	54
432		REV Group, Inc		5
4,030	*	Rexnord Corp		131
4,043		Rockwell Automation, Inc		819
3,518		Roper Technologies Inc		1,246
1,200		Rush Enterprises, Inc (Class A)		56
257		Rush Enterprises, Inc (Class B)		12
5,166	*	Sensata Technologies Holding plc		278
1,581		Simpson Manufacturing Co, Inc		127
1,315	*	SiteOne Landscape Supply, Inc		119
1,793		Snap-On, Inc		304
3,569		Spirit Aerosystems Holdings, Inc (Class A)		260
1,707	*	SPX Corp		87
1,563	*	SPX FLOW, Inc		76
472		Standex International Corp		37
5,419		Stanley Black & Decker, Inc		898
1,004	*	Sterling Construction Co, Inc		14
3,212	*	Sunrun, Inc		44
1,233	*	Teledyne Technologies, Inc		427
647		Tennant Co		50
1,384		Terex Corp		41
967	*	Textainer Group Holdings Ltd		10
7,801		Textron, Inc		348
1,276	*	Thermon Group Holdings		34
2,010		Timken Co		113
1,841		Titan International, Inc		7
784	*	Titan Machinery, Inc		12
3,332		Toro Co		266
400	*	TPI Composites, Inc		7
1,681		TransDigm Group, Inc		941
1,946	*	Trex Co, Inc		175
1,789	*	Trimas Corp		56
3,773		Trinity Industries, Inc		84
1,667		Triton International Ltd		67
1,896		Triumph Group, Inc		48
1,399	*	Tutor Perini Corp		18
343	*	Twin Disc, Inc		4
2,718	*	United Rentals, Inc		453
27,994		United Technologies Corp		4,192
4,315	*	Univar Solutions Inc		105
1,326		Universal Forest Products, Inc		63
582		Valmont Industries, Inc		87
455	*	Vectrus, Inc		23
419	*	Veritiv Corp		8
649	*	Vicor Corp		30
876	*,e	Vivint Solar, Inc		6
1,482		W.W. Grainger, Inc		502
2,295		Wabash National Corp		34
1,638	*	WABCO Holdings, Inc		222
6,434		Wabtec Corp		501
1,090		Watsco, Inc		196
880		Watts Water Technologies, Inc (Class A)		88
5,066	*	Welbilt, Inc		79
2,328	*	Wesco Aircraft Holdings, Inc		26
1,310	*	WESCO International, Inc		78
67	*	Willis Lease Finance Corp		4
1,151	*	Willscot Corp		21
1,753		Woodward Inc		208
6,229		Xylem, Inc		491
		TOTAL CAPITAL GOODS		75,010
COMMERCIAL & PROFESSIONAL SERVICES - 1.1%
2,170		ABM Industries, Inc		82
2,247	*	Acacia Research (Acacia Technologies)		6

9

TIAA SEPARATE ACCOUNT VA-1 -Stock Index Account

SHARES		COMPANY	VALUE (000)
4,335		ACCO Brands Corp	$	41
3,263	e	ADT, Inc		26
1,780	*	Advanced Disposal Services, Inc		58
1,977	*	ASGN Inc		140
274		Barrett Business Services, Inc		25
198		BG Staffing, Inc		4
1,868		Brady Corp (Class A)		107
511	*	BrightView Holdings, Inc		9
1,790		Brink’s Co		162
1,375	*	Casella Waste Systems, Inc (Class A)		63
2,160	*	CBIZ, Inc		58
948	*	Ceco Environmental Corp		7
814	*	Cimpress plc		102
2,857		Cintas Corp		769
2,053	*	Clean Harbors, Inc		176
6,856	*	Copart, Inc		623
1,260	*	CoStar Group, Inc		754
4,607		Covanta Holding Corp		68
364		CRA International, Inc		20
1,839		Deluxe Corp		92
1,051		Ennis, Inc		23
4,026		Equifax, Inc		564
1,994		Exponent, Inc		138
381	*	Forrester Research, Inc		16
419	*	Franklin Covey Co		13
1,309	*	FTI Consulting, Inc		145
494	*	GP Strategies Corp		6
2,765		Healthcare Services Group		67
711		Heidrick & Struggles International, Inc		23
555	*	Heritage-Crystal Clean, Inc		17
2,222		Herman Miller, Inc		93
1,783		HNI Corp		67
896	*	Huron Consulting Group, Inc		62
5,073	*	IAA, Inc		239
707		ICF International, Inc		65
13,565	*	IHS Markit Ltd		1,022
1,756	*	Innerworkings, Inc		10
1,374		Insperity, Inc		118
2,401		Interface, Inc		40
5,073		KAR Auction Services, Inc		111
1,192		Kelly Services, Inc (Class A)		27
1,045		Kforce, Inc		41
1,392		Kimball International, Inc (Class B)		29
1,970		Knoll, Inc		50
1,994		Korn/Ferry International		85
1,848		Manpower, Inc		179
1,217		Matthews International Corp (Class A)		46
919		McGrath RentCorp		70
757	*	Mistras Group, Inc		11
1,705		Mobile Mini, Inc		65
1,028		MSA Safety, Inc		130
12,951		Nielsen NV		263
563	*	NL Industries, Inc		2
7,274		Pitney Bowes, Inc		29
1,198		Quad Graphics, Inc		6
7,183		Republic Services, Inc		644
1,107		Resources Connection, Inc		18
3,920		Robert Half International, Inc		248
4,660		Rollins, Inc		154
2,868		RR Donnelley & Sons Co		11
672	*	SP Plus Corp		28
3,128		Steelcase, Inc (Class A)		64
2,666	*	Stericycle, Inc		170
461		Systemax, Inc		12

10

TIAA SEPARATE ACCOUNT VA-1 -Stock Index Account

SHARES		COMPANY	VALUE (000)
1,231	*	Team, Inc	$	20
1,741		Tetra Tech, Inc		150
6,346		TransUnion		543
1,603	*	TriNet Group, Inc		91
1,626	*	TrueBlue, Inc		39
592		Unifirst Corp		120
844		US Ecology, Inc		49
5,484		Verisk Analytics, Inc		819
795		Viad Corp		54
340		VSE Corp		13
14,682		Waste Management, Inc		1,673
279	*	Willdan Group, Inc		9
		TOTAL COMMERCIAL & PROFESSIONAL SERVICES		12,193
CONSUMER DURABLES & APPAREL - 1.4%
821		Acushnet Holdings Corp		27
2,238	*	American Outdoor Brands Corp		21
383		Bassett Furniture Industries, Inc		6
1,140	*	Beazer Homes USA, Inc		16
2,639		Brunswick Corp		158
3,598		Callaway Golf Co		76
5,047	*	Capri Holdings Ltd		193
1,735		Carter’s, Inc		190
237	*	Cavco Industries, Inc		46
707	*	Century Communities, Inc		19
727		Clarus Corp		10
1,106		Columbia Sportswear Co		111
1,951	*	CROCS, Inc		82
447		Culp, Inc		6
1,015	*	Deckers Outdoor Corp		171
11,998		DR Horton, Inc		633
458		Escalade, Inc		4
958		Ethan Allen Interiors, Inc		18
273		Flexsteel Industries, Inc		5
1,713	*	Fossil Group, Inc		13
4,826		Garmin Ltd		471
415	*	G-III Apparel Group Ltd		14
4,066	*,e	GoPro, Inc		18
992	*	Green Brick Partners, Inc		11
364		Hamilton Beach Brands Holding Co		7
12,390		Hanesbrands, Inc		184
3,939		Hasbro, Inc		416
789	*	Helen of Troy Ltd		142
438		Hooker Furniture Corp		11
845	*	Installed Building Products, Inc		58
1,024	*,e	iRobot Corp		52
232		Johnson Outdoors, Inc		18
3,347		KB Home		115
1,623	e	Kontoor Brands, Inc		68
1,887		La-Z-Boy, Inc		59
4,915		Leggett & Platt, Inc		250
631		Lennar Corp (B Shares)		28
9,713		Lennar Corp (Class A)		542
624	*	LGI Homes, Inc		44
362		Lifetime Brands, Inc		3
336	*,e	Lovesac Co		5
4,174	*	Lululemon Athletica, Inc		967
862	*	M/I Homes, Inc		34
776	*	Malibu Boats, Inc		32
441		Marine Products Corp		6
673	*	MasterCraft Boat Holdings, Inc		11
10,286	*,e	Mattel, Inc		139
1,794		MDC Holdings, Inc		68
1,156	*	Meritage Homes Corp		71

11

TIAA SEPARATE ACCOUNT VA-1 -Stock Index Account

SHARES		COMPANY	VALUE (000)
2,102	*	Mohawk Industries, Inc	$	287
638		Movado Group, Inc		14
182		Nacco Industries, Inc (Class A)		9
13,184		Newell Brands Inc		253
42,485		Nike, Inc (Class B)		4,304
117	*	NVR, Inc		446
621		Oxford Industries, Inc		47
1,868		Polaris Inc		190
8,920		Pulte Homes, Inc		346
1,433	*	Purple Innovation, Inc		12
2,715		PVH Corp		285
1,797		Ralph Lauren Corp		211
4,672	*	Skechers U.S.A., Inc (Class A)		202
1,768	*	Skyline Champion Corp		56
2,321	*	Sonos, Inc		36
3,457		Steven Madden Ltd		149
652		Sturm Ruger & Co, Inc		31
295		Superior Uniform Group, Inc		4
10,357		Tapestry, Inc		279
2,707	*	Taylor Morrison Home Corp		59
1,466	*	Tempur Sealy International, Inc		128
4,401		Toll Brothers, Inc		174
1,123	*	TopBuild Corp		116
3,938	*	TRI Pointe Homes, Inc		61
1,753		Tupperware Brands Corp		15
5,744	*	Under Armour, Inc (Class A)		124
7,306	*	Under Armour, Inc (Class C)		140
700	*	Unifi, Inc		18
585	*	Universal Electronics, Inc		31
1,001	*	Vera Bradley, Inc		12
10,523		VF Corp		1,049
2,174	*	Vista Outdoor, Inc		16
2,108		Whirlpool Corp		311
889	*	William Lyon Homes, Inc		18
3,662		Wolverine World Wide, Inc		124
466	*,e	YETI Holdings, Inc		16
1,093	*,e	ZAGG, Inc		9
		TOTAL CONSUMER DURABLES & APPAREL		15,231
CONSUMER SERVICES - 2.2%
1,758	*	Adtalem Global Education, Inc		61
675	*	American Public Education, Inc		19
8,281		ARAMARK Holdings Corp		359
2,383		BBX Capital Corp		11
39	*	Biglari Holdings, Inc (B Shares)		4
817		BJ’s Restaurants, Inc		31
3,148		Bloomin’ Brands, Inc		69
3,239		Boyd Gaming Corp		97
1,976	*	Bright Horizons Family Solutions		297
1,545		Brinker International, Inc		65
19,402	*	Caesars Entertainment Corp		264
13,939		Carnival Corp		709
591		Carriage Services, Inc		15
1,345	*	Carrols Restaurant Group, Inc		9
761	*	Century Casinos, Inc		6
1,085	e	Cheesecake Factory		42
3,925	*	Chegg, Inc		149
863	*	Chipotle Mexican Grill, Inc (Class A)		722
891		Choice Hotels International, Inc		92
1,305		Churchill Downs, Inc		179
751	*	Chuy’s Holdings, Inc		19
521	e	Cracker Barrel Old Country Store, Inc		80
4,141		Darden Restaurants, Inc		451
1,638		Dave & Buster’s Entertainment, Inc		66

12

TIAA SEPARATE ACCOUNT VA-1 -Stock Index Account

SHARES		COMPANY	VALUE (000)
1,227	*	Del Taco Restaurants, Inc	$	10
2,646	*	Denny’s Corp		53
664		Dine Brands Global Inc.		55
1,413		Domino’s Pizza, Inc		415
2,096	*	Drive Shack, Inc		8
2,930		Dunkin Brands Group, Inc		221
809	*	El Pollo Loco Holdings, Inc		12
2,425	*,e	Eldorado Resorts, Inc		145
6,386		Extended Stay America, Inc		95
1,005	*	Fiesta Restaurant Group, Inc		10
2,998	*	frontdoor, Inc		142
412	*	Golden Entertainment, Inc		8
115		Graham Holdings Co		74
1,750	*	Grand Canyon Education, Inc		168
6,952		H&R Block, Inc		163
768	*	Habit Restaurants, Inc		8
2,683	*	Hilton Grand Vacations, Inc		92
9,564		Hilton Worldwide Holdings, Inc		1,061
4,089	*	Houghton Mifflin Harcourt Co		26
1,223		Hyatt Hotels Corp		110
4,144		International Game Technology plc		62
596	*	J Alexander’s Holdings, Inc		6
713		Jack in the Box, Inc		56
1,321	*	K12, Inc		27
12,052		Las Vegas Sands Corp		832
1,409	*	Laureate Education, Inc		25
608	*	Lindblad Expeditions Holdings, Inc		10
9,384		Marriott International, Inc (Class A)		1,421
1,536		Marriott Vacations Worldwide Corp		198
26,027		McDonald’s Corp		5,143
17,782		MGM Resorts International		592
388	*	Monarch Casino & Resort, Inc		19
133		Nathan’s Famous, Inc		9
400	*	Noodles & Co		2
7,366	*	Norwegian Cruise Line Holdings Ltd		430
1,416	*	OneSpaWorld Holdings Ltd		24
1,063		Papa John’s International, Inc		67
4,241	*	Penn National Gaming, Inc		108
2,656	*	Perdoceo Education Corp		49
3,264	*	Planet Fitness, Inc		244
322	*	PlayAGS, Inc		4
946	*	Potbelly Corp		4
330		RCI Hospitality Holdings, Inc		7
638	*	Red Lion Hotels Corp		2
500	*	Red Robin Gourmet Burgers, Inc		17
2,623		Red Rock Resorts, Inc		63
1,367	*	Regis Corp		24
5,811		Royal Caribbean Cruises Ltd		776
1,174		Ruth’s Hospitality Group Inc		26
1,968	*	Scientific Games Corp (Class A)		53
1,710	*	SeaWorld Entertainment, Inc		54
5,752		Service Corp International		265
4,718	*	ServiceMaster Global Holdings, Inc		182
841	*	Shake Shack, Inc		50
2,790		Six Flags Entertainment Corp		126
40,762		Starbucks Corp		3,584
791		Strategic Education, Inc		126
2,599		Texas Roadhouse, Inc (Class A)		146
643		Twin River Worldwide Holdings Inc		17
1,434		Vail Resorts, Inc		344
7,240		Wendy’s		161
1,127		Wingstop, Inc		97
1,421	*	WW International Inc		54
3,088		Wyndham Destinations, Inc		160

13

TIAA SEPARATE ACCOUNT VA-1 -Stock Index Account

SHARES		COMPANY	VALUE (000)
3,184		Wyndham Hotels & Resorts, Inc	$	200
3,458		Wynn Resorts Ltd		480
12,067		Yum China Holdings, Inc		579
10,359		Yum! Brands, Inc		1,043
		TOTAL CONSUMER SERVICES		24,660
DIVERSIFIED FINANCIALS - 3.5%
1,578		Affiliated Managers Group, Inc		134
1,028		AG Mortgage Investment Trust		16
17,298		AGNC Investment Corp		306
13,932		Ally Financial, Inc		426
23,161		American Express Co		2,883
4,365		Ameriprise Financial, Inc		727
48,214		Annaly Capital Management, Inc		454
3,633		Anworth Mortgage Asset Corp		13
5,261		Apollo Commercial Real Estate Finance, Inc		96
1,014		Ares Commercial Real Estate Corp		16
2,272		Ares Management Corp		81
727	e	Arlington Asset Investment Corp (Class A)		4
2,063		ARMOUR Residential REIT, Inc		37
1,731		Artisan Partners Asset Management, Inc		56
269		Associated Capital Group, Inc		11
382		B. Riley Financial, Inc		10
1,284		Banco Latinoamericano de Exportaciones S.A. (Class E)		27
28,449		Bank of New York Mellon Corp		1,432
8,951		BGC Partners, Inc (Class A)		53
4,063		BlackRock, Inc		2,042
3,698	e	Blackstone Mortgage Trust, Inc		138
1,604	*	Blucora, Inc		42
2,164		Brightsphere Investment Group, Inc		22
2,523	*	Cannae Holdings, Inc		94
16,082		Capital One Financial Corp		1,655
3,681		Capstead Mortgage Corp		29
3,879		CBOE Global Markets, Inc		465
39,709		Charles Schwab Corp		1,889
412		Cherry Hill Mortgage Investment Corp		6
5,258		Chimera Investment Corp		108
12,275		CME Group, Inc		2,464
853		Cohen & Steers, Inc		54
3,033		Colony Credit Real Estate, Inc		40
1,050	*	Cowen Group, Inc		17
369	*	Credit Acceptance Corp		163
334	*	Curo Group Holdings Corp		4
118		Diamond Hill Investment Group, Inc		17
10,613		Discover Financial Services		900
1,075	*	Donnelley Financial Solutions, Inc		11
620		Dynex Capital, Inc		10
8,363		E*TRADE Financial Corp		379
4,044		Eaton Vance Corp		189
588	*	Elevate Credit, Inc		3
630		Ellington Financial Inc		12
978	*,e	Encore Capital Group, Inc		35
1,226	*	Enova International, Inc		29
1,565		Evercore Inc		117
1,443		Exantas Capital Corp		17
1,988	*	Ezcorp, Inc (Class A)		14
1,286		Factset Research Systems, Inc		345
3,795		Federated Investors, Inc (Class B)		124
5,062		FGL Holdings		54
1,501		FirstCash, Inc		121
570	*	Focus Financial Partners, Inc		17
9,827		Franklin Resources, Inc		255
1,532		Gain Capital Holdings, Inc		6
181		GAMCO Investors, Inc (Class A)		4

14

TIAA SEPARATE ACCOUNT VA-1 -Stock Index Account

SHARES		COMPANY	VALUE (000)
11,012		Goldman Sachs Group, Inc	$	2,532
1,667		Granite Point Mortgage Trust, Inc		31
416		Great Ajax Corp		6
1,775	*	Green Dot Corp		41
1,124		Greenhill & Co, Inc		19
1,284	*,e	GWG Holdings Inc		13
544		Hamilton Lane, Inc		32
836		Houlihan Lokey, Inc		41
2,624		Interactive Brokers Group, Inc (Class A)		122
18,920		IntercontinentalExchange Group, Inc		1,751
601	*	INTL FCStone, Inc		29
13,528		Invesco Ltd		243
4,487		Invesco Mortgage Capital, Inc		75
5,766		Janus Henderson Group plc		141
9,122		Jefferies Financial Group, Inc		195
419		KKR Real Estate Finance Trust, Inc		9
2,645		Ladder Capital Corp		48
5,033		Ladenburg Thalmann Financial Services, Inc		18
3,489		Lazard Ltd (Class A)		139
3,386		Legg Mason, Inc		122
2,490	*	LendingClub Corp		31
3,091		LPL Financial Holdings, Inc		285
1,277		MarketAxess Holdings, Inc		484
418		Marlin Business Services Corp		9
14,764		MFA Financial Inc		113
1,429		Moelis & Co		46
5,640		Moody’s Corp		1,339
40,262		Morgan Stanley		2,058
745		Morningstar, Inc		113
2,983		MSCI, Inc (Class A)		770
4,078		Nasdaq Inc		437
6,998		Navient Corp		96
763		Nelnet, Inc (Class A)		44
12,681		New Residential Investment Corp		204
4,058		New York Mortgage Trust, Inc		25
959	*,†	NewStar Financial, Inc		0	^
6,760		Northern Trust Corp		718
2,011	*	On Deck Capital, Inc		8
2,054		OneMain Holdings, Inc		87
448		Oppenheimer Holdings, Inc		12
1,276	e	Orchid Island Capital, Inc		7
2,603		PennyMac Mortgage Investment Trust		58
896	*	Pico Holdings, Inc		10
553	*	Piper Jaffray Cos		44
727		PJT Partners, Inc		33
1,801	*	PRA Group, Inc		65
527		Pzena Investment Management, Inc (Class A)		5
4,182		Raymond James Financial, Inc		374
607		Ready Capital Corp		9
3,329		Redwood Trust, Inc		55
383	*	Regional Management Corp		11
8,424		S&P Global, Inc		2,300
808		Safeguard Scientifics, Inc		9
3,020		Santander Consumer USA Holdings, Inc		71
551		Sculptor Capital Management, Inc		12
4,429		SEI Investments Co		290
298		Silvercrest Asset Management Group, Inc		4
16,893		SLM Corp		151
9,293		Starwood Property Trust, Inc		231
12,585		State Street Corp		995
2,581		Stifel Financial Corp		157
22,223		Synchrony Financial		800
7,696		T Rowe Price Group, Inc		938
9,828		TD Ameritrade Holding Corp		488

15

TIAA SEPARATE ACCOUNT VA-1 -Stock Index Account

SHARES		COMPANY	VALUE (000)
427		TPG RE Finance Trust, Inc	$	9
9,511		Two Harbors Investment Corp		139
1,024	e	Virtu Financial, Inc		16
255		Virtus Investment Partners, Inc		31
3,248		Waddell & Reed Financial, Inc (Class A)		54
1,589		Western Asset Mortgage Capital Corp		16
322		Westwood Holdings Group, Inc		10
4,611	e	WisdomTree Investments, Inc		22
229	*	World Acceptance Corp		20
		TOTAL DIVERSIFIED FINANCIALS		38,593
ENERGY - 4.0%
5,830	*	Abraxas Petroleum Corp		2
357		Amplify Energy Corp		2
7,981	e	Antero Midstream Corp		61
7,333	*	Antero Resources Corp		21
14,158		Apache Corp		362
2,927	*	Apergy Corp		99
550		Arch Coal, Inc		39
4,687		Archrock, Inc		47
985	*	Ardmore Shipping Corp		9
22,063		Baker Hughes a GE Co		565
1,669		Berry Petroleum Co LLC		16
784	*	Bonanza Creek Energy, Inc		18
14,060		Cabot Oil & Gas Corp		245
812		Cactus, Inc		28
1,677	*,e	California Resources Corp		15
11,834	*	Callon Petroleum Co		57
6,772	*	Centennial Resource Development, Inc		31
8,023	*	Cheniere Energy, Inc		490
35,989	*,e	Chesapeake Energy Corp		30
65,963		Chevron Corp		7,949
3,405		Cimarex Energy Co		179
5,167	*	Clean Energy Fuels Corp		12
6,042	*	CNX Resources Corp		53
7,124		Concho Resources, Inc		624
37,753		ConocoPhillips		2,455
1,096	*	CONSOL Energy, Inc		16
3,475		Continental Resources, Inc		119
665	*	Contura Energy Inc		6
1,185	*	Covia Holdings Corp		2
612		CVR Energy, Inc		25
3,058		Delek US Holdings, Inc		103
15,050	*	Denbury Resources, Inc		21
14,642		Devon Energy Corp		380
2,870		DHT Holdings, Inc		24
2,618	*,e	Diamond Offshore Drilling, Inc		19
640	*	Diamond S Shipping Inc		11
5,467		Diamondback Energy, Inc		508
535	e	DMC Global, Inc		24
1,163	*	Dorian LPG Ltd		18
1,470	*	Dril-Quip, Inc		69
384	*	Earthstone Energy, Inc		2
2,812	*,e	Energy Fuels, Inc		5
20,266		EOG Resources, Inc		1,697
9,818		EQT Corp		107
7,854		Equitrans Midstream Corp		105
891	*	Era Group, Inc		9
668		Evolution Petroleum Corp		4
1,256	*	Exterran Corp		10
4,719	*,e	Extraction Oil & Gas, Inc		10
146,389		Exxon Mobil Corp		10,215
2,612	*	Forum Energy Technologies, Inc		4
1,937	*	Frank’s International NV		10

16

TIAA SEPARATE ACCOUNT VA-1 -Stock Index Account

SHARES		COMPANY	VALUE (000)
744	*	FTS International, Inc	$	1
1,757		GasLog Ltd		17
3,789		Golar LNG Ltd		54
1,490		Green Plains Inc		23
1,746	*	Gulfport Energy Corp		5
557		Hallador Energy Co		2
30,104		Halliburton Co		737
5,378	*	Helix Energy Solutions Group, Inc		52
3,077		Helmerich & Payne, Inc		140
9,277		Hess Corp		620
2,221	*	HighPoint Resources Corp		4
5,312		HollyFrontier Corp		269
1,312	*	Independence Contract Drilling, Inc		1
1,110	*	International Seaways, Inc		33
1,195	*,e	Jagged Peak Energy, Inc		10
66,497		Kinder Morgan, Inc		1,408
641	*	KLX Energy Services Holdings, Inc		4
12,787		Kosmos Energy Ltd		73
6,373	*	Laredo Petroleum Holdings, Inc		18
394		Liberty Oilfield Services, Inc		4
3,546	*	Magnolia Oil & Gas Corp		45
275		Mammoth Energy Services, Inc		1
29,487		Marathon Oil Corp		400
22,749		Marathon Petroleum Corp		1,371
3,403	*	Matador Resources Co		61
1,193	*	Matrix Service Co		27
219	*	Montage Resources Corp		2
6,404		Murphy Oil Corp		172
11,900		Nabors Industries Ltd		34
14,486		National Oilwell Varco, Inc		363
561	*	Natural Gas Services Group, Inc		7
410	*	NCS Multistage Holdings, Inc		1
3,366	*	Newpark Resources, Inc		21
4,056	*	NexTier Oilfield Solutions, Inc		27
250	*	Nine Energy Service, Inc		2
9,079	*	Noble Corp plc		11
16,181		Noble Energy, Inc		402
3,925		Nordic American Tankers Ltd		19
3,920	*	Northern Oil And Gas, Inc		9
9,279	*	Oasis Petroleum, Inc		30
31,954		Occidental Petroleum Corp		1,317
3,828	*	Oceaneering International, Inc		57
2,073	*	Oil States International, Inc		34
14,162		ONEOK, Inc		1,072
836	*	Overseas Shipholding Group, Inc		2
1,047	*	Pacific Drilling SA		4
648		Panhandle Oil and Gas, Inc (Class A)		7
1,291	*	Par Pacific Holdings, Inc		30
9,019		Parsley Energy, Inc		171
8,122		Patterson-UTI Energy, Inc		85
4,259		PBF Energy, Inc		134
1,415	*	PDC Energy, Inc		37
2,971		Peabody Energy Corp		27
544	*	Penn Virginia Corp		17
15,431		Phillips 66		1,719
5,676		Pioneer Natural Resources Co		859
76	*	PrimeEnergy Corp		11
2,609	*	ProPetro Holding Corp		29
5,495		QEP Resources Inc		25
7,038	e	Range Resources Corp		34
1,467	*,e	Renewable Energy Group, Inc		40
234	*	Rex American Resources Corp		19
611	*	RigNet, Inc		4
1,749	*,e	Ring Energy, Inc		5

17

TIAA SEPARATE ACCOUNT VA-1 -Stock Index Account

SHARES		COMPANY	VALUE (000)
2,256	e	RPC, Inc	$	12
1,269	*	SandRidge Energy, Inc		5
47,936		Schlumberger Ltd		1,927
709		Scorpio Tankers, Inc		28
617	*	SEACOR Holdings, Inc		27
629	*	SEACOR Marine Holdings, Inc		9
351	*	Select Energy Services, Inc		3
2,365		SFL Corp Ltd		34
253	*	SilverBow Resources, Inc		3
4,345		SM Energy Co		49
801	*,e	Smart Sand, Inc		2
369		Solaris Oilfield Infrastructure, Inc		5
3,565	*	Southwestern Energy Co		9
7,633	*	SRC Energy, Inc		31
749	*	Talos Energy, Inc		23
7,616		Targa Resources Investments, Inc		311
2,010		Teekay Corp		11
409	*	Teekay Tankers Ltd		10
2,116	*,e	Tellurian, Inc		15
3,896	*	Tetra Technologies, Inc		8
878	*	Tidewater, Inc		17
18,540	*	Transocean Ltd		128
1,986	*	Unit Corp		1
5,127	*,e	Uranium Energy Corp		5
3,143		US Silica Holdings, Inc		19
14,101		Valero Energy Corp		1,321
3,587	*	W&T Offshore, Inc		20
3,512	*,e	Whiting Petroleum Corp		26
42,552		Williams Cos, Inc		1,009
2,651		World Fuel Services Corp		115
15,377	*	WPX Energy, Inc		211
		TOTAL ENERGY		44,545
FOOD & STAPLES RETAILING - 1.4%
1,108		Andersons, Inc		28
1,203		Casey’s General Stores, Inc		191
776	*	Chefs’ Warehouse Holdings, Inc		29
15,186		Costco Wholesale Corp		4,464
557	*	Grocery Outlet Holding Corp		18
555		Ingles Markets, Inc (Class A)		26
28,104		Kroger Co		815
345		Natural Grocers by Vitamin C		3
2,973	*	Performance Food Group Co		153
820		Pricesmart, Inc		58
1,730	*,e	Rite Aid Corp		27
957		SpartanNash Co		14
4,309	*	Sprouts Farmers Market, Inc		83
16,353		SYSCO Corp		1,399
2,032	*	United Natural Foods, Inc		18
7,566	*	US Foods Holding Corp		317
292		Village Super Market (Class A)		7
26,048		Walgreens Boots Alliance, Inc		1,536
48,477		Walmart, Inc		5,761
313		Weis Markets, Inc		13
		TOTAL FOOD & STAPLES RETAILING		14,960
FOOD, BEVERAGE & TOBACCO - 3.4%
4,215	*,e	22nd Century Group, Inc		5
135		Alico, Inc		5
64,290		Altria Group, Inc		3,209
18,871		Archer-Daniels-Midland Co		875
2,508	e	B&G Foods, Inc (Class A)		45
1,620	*,e	Beyond Meat, Inc		122

18

TIAA SEPARATE ACCOUNT VA-1 -Stock Index Account

SHARES		COMPANY	VALUE (000)
266	*	Boston Beer Co, Inc (Class A)	$	101
347	*	Bridgford Foods Corp		9
1,291		Brown-Forman Corp (Class A)		81
5,508		Brown-Forman Corp (Class B)		372
4,825		Bunge Ltd		278
583		Calavo Growers, Inc		53
1,263		Cal-Maine Foods, Inc		54
5,433		Campbell Soup Co		268
132,232		Coca-Cola Co		7,319
185		Coca-Cola Consolidated Inc		53
16,363		ConAgra Brands, Inc		560
5,499		Constellation Brands, Inc (Class A)		1,043
418	*	Craft Brewers Alliance, Inc		7
6,364	*	Darling International, Inc		179
288	*	Farmer Bros Co		4
5,653		Flowers Foods, Inc		123
1,315		Fresh Del Monte Produce, Inc		46
901	*	Freshpet, Inc		53
20,419		General Mills, Inc		1,094
2,641	*	Hain Celestial Group, Inc		69
4,915		Hershey Co		722
9,328		Hormel Foods Corp		421
3,112	*	Hostess Brands, Inc		45
2,304		Ingredion, Inc		214
585		J&J Snack Foods Corp		108
3,719		J.M. Smucker Co		387
368		John B. Sanfilippo & Son, Inc		34
8,495		Kellogg Co		588
7,218	e	Keurig Dr Pepper, Inc		209
21,333		Kraft Heinz Co		685
5,006		Lamb Weston Holdings, Inc		431
621		Lancaster Colony Corp		99
1,056	*	Landec Corp		12
443		Limoneira Co		9
4,255		McCormick & Co, Inc		722
476	e	MGP Ingredients, Inc		23
6,197		Molson Coors Brewing Co (Class B)		334
49,170		Mondelez International, Inc		2,708
13,191	*	Monster Beverage Corp		838
457	e	National Beverage Corp		23
48,453		PepsiCo, Inc		6,622
53,566		Philip Morris International, Inc		4,558
2,078	*	Pilgrim’s Pride Corp		68
2,255	*	Post Holdings, Inc		246
845	*	Primo Water Corp		9
787		Sanderson Farms, Inc		139
10		Seaboard Corp		43
365	*	Seneca Foods Corp		15
2,221	*	Simply Good Foods Co		63
335	e	Tootsie Roll Industries, Inc		11
2,158	*	TreeHouse Foods, Inc		105
183		Turning Point Brands, Inc		5
9,939		Tyson Foods, Inc (Class A)		905
917		Universal Corp		52
3,396	e	Vector Group Ltd		45
		TOTAL FOOD, BEVERAGE & TOBACCO		37,525
HEALTH CARE EQUIPMENT & SERVICES - 6.3%
59,335		Abbott Laboratories		5,154
1,565	*	Abiomed, Inc		267
3,023	*	Acadia Healthcare Co, Inc		100
3,073	*	Accuray, Inc		9
255	*	Addus HomeCare Corp		25
2,687	*	Align Technology, Inc		750

19

TIAA SEPARATE ACCOUNT VA-1 -Stock Index Account

SHARES		COMPANY	VALUE (000)
7,075	*	Allscripts Healthcare Solutions, Inc	$	69
2,458	*	Alphatec Holdings Inc		17
1,103	*	Amedisys, Inc		184
368	*	American Renal Associates Holdings, Inc		4
5,567		AmerisourceBergen Corp		473
1,159	*	AMN Healthcare Services, Inc		72
1,310	*	Angiodynamics, Inc		21
5,621	*	Antares Pharma, Inc		26
8,782		Anthem, Inc		2,652
912	*,e	Apollo Medical Holdings, Inc		17
1,701	*	Apyx Medical Corp		14
1,229	*	AtriCure, Inc		40
55		Atrion Corp		41
1,812	*	Avanos Medical, Inc		61
1,009	*	AxoGen, Inc		18
542	*,e	Axonics Modulation Technologies, Inc		15
16,710		Baxter International, Inc		1,397
9,281		Becton Dickinson & Co		2,524
1,145	*,e	BioSig Technologies Inc		7
1,148	*	BioTelemetry, Inc		53
47,876	*	Boston Scientific Corp		2,165
7,134	*	Brookdale Senior Living, Inc		52
1,418		Cantel Medical Corp		101
10,172		Cardinal Health, Inc		515
1,207	*	Cardiovascular Systems, Inc		59
2,441	*	Castlight Health, Inc		3
539	*,e	Catasys Inc		9
14,606	*	Centene Corp		918
10,993		Cerner Corp		807
4,212	*	Cerus Corp		18
1,464	*	Change Healthcare, Inc		24
511		Chemed Corp		224
12,672		Cigna Corp		2,591
481		Computer Programs & Systems, Inc		13
2,605	*	ConforMIS, Inc		4
1,071		Conmed Corp		120
1,710		Cooper Cos, Inc		549
368	*	Corvel Corp		32
2,274	*	Covetrus, Inc		30
1,273	*	Cross Country Healthcare, Inc		15
1,250	*	CryoLife, Inc		34
917	*,e	CryoPort, Inc		15
593	*	Cutera, Inc		21
45,004		CVS Health Corp		3,343
1,039	*	CytoSorbents Corp		4
21,375		Danaher Corp		3,281
3,497	*	DaVita, Inc		262
7,876		Dentsply Sirona, Inc		446
3,127	*	DexCom, Inc		684
1,886	*	Diplomat Pharmacy, Inc		8
7,175	*	Edwards Lifesciences Corp		1,674
3,477		Encompass Health Corp		241
1,885		Ensign Group, Inc		86
4,763	*	Envista Holdings Corp		141
1,556	*	Enzo Biochem, Inc		4
2,484	*	Evolent Health, Inc		23
1,393	*	Genesis Health Care, Inc		2
1,865	*	GenMark Diagnostics, Inc		9
1,112	*	Glaukos Corp		61
2,762	*	Globus Medical, Inc		163
1,211	*	Guardant Health, Inc		95
1,656	*	Haemonetics Corp		190
1,155	*	Hanger Inc		32
9,245		HCA Healthcare, Inc		1,367

20

TIAA SEPARATE ACCOUNT VA-1 -Stock Index Account

SHARES		COMPANY	VALUE (000)
1,932	*	HealthEquity, Inc	$	143
1,071	*	HealthStream, Inc		29
5,175	*	Henry Schein, Inc		345
236	*	Heska Corp		23
2,231		Hill-Rom Holdings, Inc		253
3,262	*	HMS Holdings Corp		97
9,576	*	Hologic, Inc		500
4,681		Humana, Inc		1,716
588	*	ICU Medical, Inc		110
3,029	*	IDEXX Laboratories, Inc		791
672	*	Inogen, Inc		46
2,425	*	Inovalon Holdings, Inc		46
468	*	Inspire Medical Systems, Inc		35
2,057	*	Insulet Corp		352
935	*	Integer Holding Corp		75
2,413	*	Integra LifeSciences Holdings Corp		141
222	*	IntriCon Corp		4
3,974	*	Intuitive Surgical, Inc		2,349
1,260		Invacare Corp		11
878	*	iRhythm Technologies, Inc		60
574	*	Joint Corp		9
3,540	*	Laboratory Corp of America Holdings		599
982	*	Lantheus Holdings, Inc		20
562		LeMaitre Vascular, Inc		20
1,045	*	LHC Group, Inc		144
1,646	*	LivaNova plc		124
393	*	Livongo Health, Inc		10
735	*	Magellan Health Services, Inc		58
1,746	*	Masimo Corp		276
6,458		McKesson Corp		893
2,494	*	MEDNAX, Inc		69
46,249		Medtronic plc		5,247
1,637		Meridian Bioscience, Inc		16
1,836	*	Merit Medical Systems, Inc		57
126		Mesa Laboratories, Inc		31
402	*	Misonix Inc		8
2,011	*	Molina Healthcare, Inc		273
212		National Healthcare Corp		18
357		National Research Corp		24
1,257	*	Natus Medical, Inc		41
1,932	*	Neogen Corp		126
839	*	Neuronetics, Inc		4
1,074	*	Nevro Corp		126
1,960	*	NextGen Healthcare, Inc		32
2,979	*	Novocure Ltd		251
1,937	*	NuVasive, Inc		150
1,384	*	Omnicell, Inc		113
681	*,e	OptimizeRx Corp		7
4,529	*	Option Care Health, Inc		17
2,181	*	OraSure Technologies, Inc		18
679	*	Orthofix Medical Inc		31
225	*	OrthoPediatrics Corp		11
2,343		Owens & Minor, Inc		12
3,229		Patterson Cos, Inc		66
942	*	Pennant Group, Inc		31
1,140	*	Penumbra, Inc		187
275	*,e	PetIQ, Inc		7
1,594	*	Premier, Inc		60
495	*	Providence Service Corp		29
356	*,e	Pulse Biosciences, Inc		5
4,567		Quest Diagnostics, Inc		488
1,084	*	Quidel Corp		81
3,887	*	R1 RCM, Inc		50
1,510	*	RadNet, Inc		31

21

TIAA SEPARATE ACCOUNT VA-1 -Stock Index Account

SHARES		COMPANY	VALUE (000)
5,009		Resmed, Inc	$	776
1,891	*,e	Rockwell Medical, Inc		5
2,673	*	RTI Surgical Holdings Inc		7
640	*	SeaSpine Holdings Corp		8
4,065	*	Select Medical Holdings Corp		95
2,436	*,e	Senseonics Holdings, Inc		2
839	*	Shockwave Medical Inc		37
278	*	SI-BONE, Inc		6
549	*	Sientra, Inc		5
361	*	Silk Road Medical Inc		15
414		Simulations Plus, Inc		12
1,741	*	Staar Surgical Co		61
2,985		STERIS plc		455
11,903		Stryker Corp		2,499
643	*	Surgery Partners, Inc		10
516	*	SurModics, Inc		21
350	*,e	Tabula Rasa HealthCare, Inc		17
357	*	Tactile Systems Technology, Inc		24
1,948	*	Tandem Diabetes Care, Inc		116
2,089	*,e	Teladoc, Inc		175
1,575		Teleflex, Inc		593
3,172	*	Tenet Healthcare Corp		121
1,669	*	Tivity Health, Inc		34
996	*	Triple-S Management Corp (Class B)		18
32,652		UnitedHealth Group, Inc		9,599
2,819		Universal Health Services, Inc (Class B)		404
468		US Physical Therapy, Inc		54
149		Utah Medical Products, Inc		16
1,492	*	Varex Imaging Corp		44
3,205	*	Varian Medical Systems, Inc		455
4,450	*	Veeva Systems, Inc		626
2,437	*,e	ViewRay, Inc		10
1,082	*	Vocera Communications, Inc		22
1,680	*	WellCare Health Plans, Inc		555
2,428		West Pharmaceutical Services, Inc		365
4,098	*	Wright Medical Group NV		125
7,048		Zimmer Biomet Holdings, Inc		1,055
953	e	Zynex Inc		8
		TOTAL HEALTH CARE EQUIPMENT & SERVICES		69,891
HOUSEHOLD & PERSONAL PRODUCTS - 1.6%
1,245	*	BellRing Brands, Inc		27
400	*	Central Garden & Pet Co		12
1,366	*	Central Garden and Pet Co (Class A)		40
8,641		Church & Dwight Co, Inc		608
4,248		Clorox Co		652
29,054		Colgate-Palmolive Co		2,000
10,208		Coty, Inc		115
1,561	*	Edgewell Personal Care Co		48
812	*	elf Beauty, Inc		13
2,362		Energizer Holdings, Inc		119
7,365		Estee Lauder Cos (Class A)		1,521
3,725	*	Herbalife Nutrition Ltd		178
735		Inter Parfums, Inc		53
11,757		Kimberly-Clark Corp		1,617
385	e	Medifast, Inc		42
537	*	Nature’s Sunshine Products, Inc		5
2,034		Nu Skin Enterprises, Inc (Class A)		83
255		Oil-Dri Corp of America		9
85,349		Procter & Gamble Co		10,660
480	*,e	Revlon, Inc (Class A)		10
1,309		Spectrum Brands Holdings, Inc		84
426	*	USANA Health Sciences, Inc		34

22

TIAA SEPARATE ACCOUNT VA-1 -Stock Index Account

SHARES		COMPANY	VALUE (000)
538		WD-40 Co	$	105
		TOTAL HOUSEHOLD & PERSONAL PRODUCTS		18,035
INSURANCE - 4.0%
24,727		Aflac, Inc		1,308
479	*	Alleghany Corp		383
11,110		Allstate Corp		1,249
1,747	*	AMBAC Financial Group, Inc		38
2,083		American Equity Investment Life Holding Co		62
2,360		American Financial Group, Inc		259
30,059		American International Group, Inc		1,543
41		American National Insurance Co		5
751		Amerisafe, Inc		50
8,022		Aon plc		1,671
13,267	*	Arch Capital Group Ltd		569
1,294		Argo Group International Holdings Ltd		85
6,208		Arthur J. Gallagher & Co		591
2,172		Assurant, Inc		285
3,382		Assured Guaranty Ltd		166
4,569	*	Athene Holding Ltd		215
14,373		AXA Equitable Holdings, Inc		356
2,754		Axis Capital Holdings Ltd		164
67,642	*	Berkshire Hathaway, Inc (Class B)		15,321
3,589	*	Brighthouse Financial, Inc		141
7,851		Brown & Brown, Inc		310
15,582		Chubb Ltd		2,425
5,432		Cincinnati Financial Corp		571
2,162	*,e	Citizens, Inc (Class A)		15
758		CNA Financial Corp		34
6,647		Conseco, Inc		120
406		Donegal Group, Inc (Class A)		6
746	*	eHealth, Inc		72
1,239		Employers Holdings, Inc		52
294	*	Enstar Group Ltd		61
983		Erie Indemnity Co (Class A)		163
1,321		Everest Re Group Ltd		366
371		FBL Financial Group, Inc (Class A)		22
485		FedNat Holding Co		8
8,686		Fidelity National Financial Inc		394
3,673		First American Financial Corp		214
19,503	*	Genworth Financial, Inc (Class A)		86
328		Global Indemnity Ltd		10
3,529		Globe Life, Inc		371
345	e	Goosehead Insurance, Inc		15
621	*	Greenlight Capital Re Ltd (Class A)		6
368	*	Hallmark Financial Services		6
1,392		Hanover Insurance Group, Inc		190
12,189		Hartford Financial Services Group, Inc		741
290		HCI Group, Inc		13
443	*,e	Health Insurance Innovations, Inc		9
1,074		Heritage Insurance Holdings, Inc		14
1,591		Horace Mann Educators Corp		69
345		Independence Holding Co		14
62		Investors Title Co		10
646		James River Group Holdings Ltd		27
2,010		Kemper Corp		156
566		Kinsale Capital Group, Inc		57
6,774		Lincoln National Corp		400
8,744		Loews Corp		459
454	*	Markel Corp		519
17,441		Marsh & McLennan Cos, Inc		1,943
4,904	*	MBIA, Inc		46
1,072		Mercury General Corp		52
26,906		Metlife, Inc		1,371

23

TIAA SEPARATE ACCOUNT VA-1 -Stock Index Account

SHARES		COMPANY	VALUE (000)
1,991		National General Holdings Corp	$	44
92		National Western Life Group, Inc		27
394	*	NI Holdings, Inc		7
9,089		Old Republic International Corp		203
370	*	Palomar Holdings, Inc		19
1,513		Primerica, Inc		197
9,249		Principal Financial Group		509
1,956		ProAssurance Corp		71
20,293		Progressive Corp		1,469
422		Protective Insurance Corp		7
13,877		Prudential Financial, Inc		1,301
2,140		Reinsurance Group of America, Inc (Class A)		349
1,379		RenaissanceRe Holdings Ltd		270
1,544		RLI Corp		139
591		Safety Insurance Group, Inc		55
2,223		Selective Insurance Group, Inc		145
630		State Auto Financial Corp		20
815		Stewart Information Services Corp		33
2,745	*	Third Point Reinsurance Ltd		29
1,255		Tiptree Inc		10
8,753		Travelers Cos, Inc		1,199
855	*,e	Trupanion, Inc		32
844		United Fire Group Inc		37
739		United Insurance Holdings Corp		9
1,340		Universal Insurance Holdings, Inc		37
6,435		Unum Group		188
5,048		Voya Financial, Inc		308
4,811		W.R. Berkley Corp		332
615	*	Watford Holdings Ltd		15
124		White Mountains Insurance Group Ltd		138
4,370		Willis Towers Watson plc		882
		TOTAL INSURANCE		43,959
MATERIALS - 2.8%
788	e	Advanced Emissions Solutions, Inc		8
1,237	*	AdvanSix, Inc		25
7,640		Air Products & Chemicals, Inc		1,795
447	*	AK Steel Holding Corp		1
3,442		Albemarle Corp		251
6,581	*	Alcoa Corp		142
4,202	*	Allegheny Technologies, Inc		87
1,143		American Vanguard Corp		22
1,996		Aptargroup, Inc		231
716		Ardagh Group S.A.		14
2,222		Ashland Global Holdings, Inc		170
2,946		Avery Dennison Corp		385
7,111	*	Axalta Coating Systems Ltd		216
1,227		Balchem Corp		125
11,793		Ball Corp		763
4,805	*	Berry Global Group, Inc		228
1,581		Boise Cascade Co		58
1,693		Cabot Corp		80
1,812		Carpenter Technology Corp		90
3,989		Celanese Corp (Series A)		491
1,952	*	Century Aluminum Co		15
7,779		CF Industries Holdings, Inc		371
284		Chase Corp		34
4,079		Chemours Co		74
623	*	Clearwater Paper Corp		13
9,437	e	Cleveland-Cliffs, Inc		79
6,825	*	Coeur Mining, Inc		55
4,501		Commercial Metals Co		100
1,251		Compass Minerals International, Inc		76
25,611		Corteva, Inc		757

24

TIAA SEPARATE ACCOUNT VA-1 -Stock Index Account

SHARES		COMPANY	VALUE (000)
4,304	*	Crown Holdings, Inc	$	312
2,440		Domtar Corp		93
25,622		Dow, Inc		1,402
25,667		DuPont de Nemours, Inc		1,648
1,609		Eagle Materials, Inc		146
4,801		Eastman Chemical Co		381
8,623		Ecolab, Inc		1,664
8,571	*	Element Solutions, Inc		100
3,191	*	Ferro Corp		47
2,943	*,†	Ferroglobe plc		0
2,151	*	Flotek Industries, Inc		4
4,399		FMC Corp		439
657	*	Forterra, Inc		8
51,409		Freeport-McMoRan, Inc (Class B)		675
954		FutureFuel Corp		12
1,276	*	GCP Applied Technologies, Inc		29
2,189		Gold Resource Corp		12
10,212		Graphic Packaging Holding Co		170
985		Greif, Inc (Class A)		44
203		Greif, Inc (Class B)		11
1,961		H.B. Fuller Co		101
377		Hawkins, Inc		17
501		Haynes International, Inc		18
17,634		Hecla Mining Co		60
6,401		Huntsman Corp		155
1,659	*	Ingevity Corp		145
803		Innophos Holdings, Inc		26
974		Innospec, Inc		101
3,776	e	International Flavors & Fragrances, Inc		487
13,425		International Paper Co		618
3,628	*	Intrepid Potash, Inc		10
656		Kaiser Aluminum Corp		73
850	*	Koppers Holdings, Inc		33
99	*	Kraton Corp		3
893		Kronos Worldwide, Inc		12
18,574		Linde plc		3,954
830	*	Livent Corp		7
4,359		Louisiana-Pacific Corp		129
901	*	LSB Industries, Inc		4
8,978		LyondellBasell Industries NV		848
2,142		Martin Marietta Materials, Inc		599
774		Materion Corp		46
1,370		Minerals Technologies, Inc		79
12,629		Mosaic Co		273
871		Myers Industries, Inc		15
642		Neenah Inc		45
209		NewMarket Corp		102
27,914		Newmont Goldcorp Corp		1,213
8,146	*	Novagold Resources Inc		73
10,170		Nucor Corp		572
4,718		Olin Corp		81
395		Olympic Steel, Inc		7
1,779	*	Omnova Solutions, Inc		18
2,087		Orion Engineered Carbons SA		40
3,168		Packaging Corp of America		355
1,827		PH Glatfelter Co		33
3,172		PolyOne Corp		117
8,059		PPG Industries, Inc		1,076
890	*	PQ Group Holdings, Inc		15
510		Quaker Chemical Corp		84
1,744		Rayonier Advanced Materials, Inc		7
2,210		Reliance Steel & Aluminum Co		265
2,154		Royal Gold, Inc		263
4,331		RPM International, Inc		332

25

TIAA SEPARATE ACCOUNT VA-1 -Stock Index Account

SHARES		COMPANY	VALUE (000)
592	*	Ryerson Holding Corp	$	7
1,051		Schnitzer Steel Industries, Inc (Class A)		23
1,182		Schweitzer-Mauduit International, Inc		50
1,290		ScottsMiracle-Gro Co (Class A)		137
5,274		Sealed Air Corp		210
1,576		Sensient Technologies Corp		104
2,878		Sherwin-Williams Co		1,679
2,434		Silgan Holdings, Inc		76
3,066		Sonoco Products Co		189
2,254		Southern Copper Corp		96
7,498		Steel Dynamics, Inc		255
775		Stepan Co		79
4,288	*	Summit Materials, Inc		103
2,524		SunCoke Energy, Inc		16
1,535	*	TimkenSteel Corp		12
970	*	Trecora Resources		7
1,164		Tredegar Corp		26
1,292		Trinseo S.A.		48
2,505		Tronox Holdings plc		29
226	*	UFP Technologies, Inc		11
66		United States Lime & Minerals, Inc		6
5,177	e	United States Steel Corp		59
577	*	US Concrete, Inc		24
882		Valhi, Inc		2
7,329		Valvoline, Inc		157
1,233	*	Verso Corp		22
4,645		Vulcan Materials Co		669
1,812		Warrior Met Coal, Inc		38
1,396		Westlake Chemical Corp		98
9,287		WestRock Co		399
1,742		Worthington Industries, Inc		73
2,080		WR Grace and Co		145
		TOTAL MATERIALS		31,313
MEDIA & ENTERTAINMENT - 7.5%
26,162		Activision Blizzard, Inc		1,555
10,334	*	Alphabet, Inc (Class A)		13,841
10,348	*	Alphabet, Inc (Class C)		13,835
10,617	*	Altice USA, Inc		290
2,111	e	AMC Entertainment Holdings, Inc		15
1,592	*	AMC Networks, Inc		63
662	*	Baudax Bio, Inc		5
154		Cable One, Inc		229
477	*,e	Cardlytics, Inc		30
534	*	Care.com, Inc		8
1,803	*	Cargurus, Inc		63
2,801	*	Cars.com, Inc		34
3,461	*	Central European Media Enterprises Ltd (Class A)		16
5,315	*	Charter Communications, Inc		2,578
4,142		Cinemark Holdings, Inc		140
1,723	*	Clear Channel		5
155,270		Comcast Corp (Class A)		6,983
46	*,e	Daily Journal Corp		13
4,788	*,e	Discovery, Inc (Class A)		157
11,541	*	Discovery, Inc (Class C)		352
8,593	*	DISH Network Corp (Class A)		305
9,995	*	Electronic Arts, Inc		1,075
568		Emerald Expositions Events, Inc		6
4,712		Entercom Communications Corp (Class A)		22
2,637		Entravision Communications Corp (Class A)		7
798	*,e	Eros International plc		3
1,282	*	Eventbrite Inc		26
826	*,e	EverQuote Inc		28
2,274		EW Scripps Co (Class A)		36

26

TIAA SEPARATE ACCOUNT VA-1 -Stock Index Account

SHARES		COMPANY	VALUE (000)
82,516	*	Facebook, Inc	$	16,936
2,575	*	Fluent, Inc		6
11,751		Fox Corp (Class A)		436
4,988		Fox Corp (Class B)		182
4,352		Gannett Co, Inc		28
3,297	*	GCI Liberty, Inc		234
4,064	*	Glu Mobile, Inc		25
2,680	*	Gray Television, Inc		57
408	*	Hemisphere Media Group, Inc		6
2,589	*	IAC/InterActiveCorp		645
2,264	*	Imax Corp		46
13,511		Interpublic Group of Cos, Inc		312
1,634		John Wiley & Sons, Inc (Class A)		79
428	*	Liberty Braves Group (Class A)		13
1,434	*	Liberty Braves Group (Class C)		42
661	*	Liberty Broadband Corp (Class A)		82
3,671	*	Liberty Broadband Corp (Class C)		462
1,581	*	Liberty Latin America Ltd (Class A)		31
4,170	*	Liberty Latin America Ltd (Class C)		81
998	*	Liberty Media Group (Class A)		44
7,316	*	Liberty Media Group (Class C)		336
2,847	*	Liberty SiriusXM Group (Class A)		138
5,065	*	Liberty SiriusXM Group (Class C)		244
3,006	*	Liberty TripAdvisor Holdings, Inc		22
2,000	*	Lions Gate Entertainment Corp (Class A)		21
3,835	*	Lions Gate Entertainment Corp (Class B)		38
4,393	*	Live Nation, Inc		314
1,013	*	LiveXLive Media, Inc		2
190	*	Loral Space & Communications, Inc		6
627	*	Madison Square Garden Co		184
2,359	*	Marchex, Inc (Class B)		9
736		Marcus Corp		23
1,918	*,e	Match Group, Inc		158
2,109	*	MDC Partners, Inc		6
2,453	*	Meet Group, Inc		12
1,545	e	Meredith Corp		50
2,361	*	MSG Networks, Inc		41
2,714		National CineMedia, Inc		20
14,549	*	NetFlix, Inc		4,708
4,795		New York Times Co (Class A)		154
13,730		News Corp (Class A)		194
4,708		News Corp (Class B)		68
1,776		Nexstar Media Group Inc		208
5,702		O-I Glass, Inc		68
7,279		Omnicom Group, Inc		590
1,192	*	QuinStreet, Inc		18
787	*	Reading International, Inc		9
2,895	*	Roku, Inc		388
750	*	Rosetta Stone, Inc		14
175		Saga Communications, Inc		5
1,096		Scholastic Corp		42
2,122		Sinclair Broadcast Group, Inc (Class A)		71
44,478		Sirius XM Holdings, Inc		318
4,174	*	Spotify Technology S.A.		624
3,946	*	Take-Two Interactive Software, Inc		483
708	*	TechTarget, Inc		19
8,405		TEGNA, Inc		140
639	*	Travelzoo, Inc		7
780		Tribune Publishing Co		10
3,654		TripAdvisor, Inc		111
2,406	*	TrueCar, Inc		11
25,932	*	Twitter, Inc		831
244		ViacomCBS, Inc (Class A)		11
18,965		ViacomCBS, Inc (Class B)		796

27

TIAA SEPARATE ACCOUNT VA-1 -Stock Index Account

SHARES		COMPANY	VALUE (000)
60,311		Walt Disney Co	$	8,723
806	*	WideOpenWest, Inc		6
1,509	e	World Wrestling Entertainment, Inc (Class A)		98
2,109	*	Yelp, Inc		73
2,077	*	Zillow Group, Inc (Class A)		95
4,117	*,e	Zillow Group, Inc (Class C)		189
30,167	*	Zynga, Inc		185
		TOTAL MEDIA & ENTERTAINMENT		82,358
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 7.8%
51,473		AbbVie, Inc		4,557
3,171	*	Abeona Therapeutics, Inc		10
3,739	*	Acadia Pharmaceuticals, Inc		160
987	*,e	Accelerate Diagnostics, Inc		17
1,231	*	Acceleron Pharma, Inc		65
4,567	*,e	AcelRx Pharmaceuticals, Inc		10
4,855	*	Achillion Pharmaceuticals, Inc		29
797	*,e	Aclaris Therapeutics, Inc		1
1,689	*	Acorda Therapeutics, Inc		3
711	*	Adamas Pharmaceuticals, Inc		3
481	*	Adaptive Biotechnologies Corp		14
2,755	*	ADMA Biologics, Inc		11
1,984	*	Adverum Biotechnologies, Inc		23
1,175	*,e	Aerie Pharmaceuticals, Inc		28
2,830	*	Agenus, Inc		12
264	*,e	AgeX Therapeutics, Inc		0	^
10,777		Agilent Technologies, Inc		919
1,876	*	Agios Pharmaceuticals, Inc		90
1,385	*	Aimmune Therapeutics, Inc		46
574	*,e	Akcea Therapeutics, Inc		10
2,676	*	Akebia Therapeutics, Inc		17
3,444	*	Akorn, Inc		5
332	*	Albireo Pharma, Inc		8
2,198	*,†	Alder Biopharmaceuticals Inc		2
1,003	*	Alector, Inc		17
7,633	*	Alexion Pharmaceuticals, Inc		825
5,962	*	Alkermes plc		122
609	*,e	Allakos, Inc		58
11,428		Allergan plc		2,185
1,361	*,e	Allogene Therapeutics, Inc		35
3,747	*	Alnylam Pharmaceuticals, Inc		432
1,423	*,e	AMAG Pharmaceuticals, Inc		17
20,795		Amgen, Inc		5,013
6,968	*	Amicus Therapeutics, Inc		68
2,888	*	Amneal Pharmaceuticals, Inc		14
1,331	*	Amphastar Pharmaceuticals, Inc		26
679	*	AnaptysBio, Inc		11
292	*	ANI Pharmaceuticals, Inc		18
566	*	Anika Therapeutics, Inc		29
1,330	*	Apellis Pharmaceuticals, Inc		41
1,066	*	Arcus Biosciences, Inc		11
4,879	*	Ardelyx, Inc		37
1,827	*	Arena Pharmaceuticals, Inc		83
3,173	*	Arqule, Inc		63
3,193	*	Arrowhead Pharmaceuticals Inc		203
445	*	Arvinas, Inc		18
541	*	Assembly Biosciences, Inc		11
2,241	*	Assertio Therapeutics, Inc		3
1,497	*	Atara Biotherapeutics, Inc		25
1,535	*	Athenex, Inc		23
2,944	*,e	Athersys, Inc		4
1,540	*	Audentes Therapeutics, Inc		92
10,635	*	Avantor, Inc		193
1,798	*	Avid Bioservices, Inc		14

28

TIAA SEPARATE ACCOUNT VA-1 -Stock Index Account

SHARES		COMPANY	VALUE (000)
645	*	Avrobio, Inc	$	13
854	*,e	Axsome Therapeutics, Inc		88
3,132	*	BioCryst Pharmaceuticals, Inc		11
2,860	*	BioDelivery Sciences International, Inc		18
6,233	*	Biogen Inc		1,849
1,007	*	Biohaven Pharmaceutical Holding Co Ltd		55
6,544	*	BioMarin Pharmaceutical, Inc		553
826	*	Bio-Rad Laboratories, Inc (Class A)		306
213	*	Biospecifics Technologies Corp		12
1,318		Bio-Techne Corp		289
954	*	Bioxcel Therapeutics Inc		14
1,782	*	Bluebird Bio, Inc		156
1,516	*	Blueprint Medicines Corp		121
676	*	Bridgebio Pharma, Inc		24
81,076		Bristol-Myers Squibb Co		5,204
3,378		Bruker BioSciences Corp		172
1,175	*	Calithera Biosciences, Inc		7
311	*	Calyxt, Inc		2
1,052	*,e	Cara Therapeutics, Inc		17
1,462	*	CareDx, Inc		32
1,814	*	CASI Pharmaceuticals, Inc		6
4,893	*	Catalent, Inc		275
5,490	*	Catalyst Pharmaceuticals, Inc		21
442	*,e	Cellular Biomedicine Group, Inc		7
1,391	*,e	CEL-SCI Corp		13
2,050	*,e	Cerecor Inc		11
1,604	*	Charles River Laboratories International, Inc		245
2,817	*	Checkpoint Therapeutics Inc		5
2,250	*	ChemoCentryx, Inc		89
1,315	*	Chiasma, Inc		7
1,747	*	Chimerix, Inc		4
1,527	*,e	Clovis Oncology, Inc		16
1,314	*	Codexis, Inc		21
2,173	*	Coherus Biosciences, Inc		39
877	*	Collegium Pharmaceutical, Inc		18
642	*	Concert Pharmaceuticals, Inc		6
388	*	Constellation Pharmaceuticals, Inc		18
1,738	*,e	Corbus Pharmaceuticals Holdings, Inc		9
3,522	*	Corcept Therapeutics, Inc		43
820	*,†,e	Corium International, Inc		0	^
1,298	*,e	CorMedix Inc		9
371	*	Cortexyme Inc		21
406	*,e	Crinetics Pharmaceuticals, Inc		10
1,555	*	Cue Biopharma, Inc		25
2,162	*	Cymabay Therapeutics, Inc		4
2,547	*	Cytokinetics, Inc		27
1,148	*	CytomX Therapeutics, Inc		10
286	*	Deciphera Pharmaceuticals, Inc		18
2,175	*,e	Denali Therapeutics, Inc		38
1,468	*,e	Dermira, Inc		22
1,627	*	Dicerna Pharmaceuticals, Inc		36
1,590	*,e	Dynavax Technologies Corp		9
323	*	Eagle Pharmaceuticals, Inc		19
1,310	*	Editas Medicine, Inc		39
396	*,e	Eidos Therapeutics, Inc		23
933	*	Eiger BioPharmaceuticals, Inc		14
13,180	*	Elanco Animal Health, Inc		388
29,409		Eli Lilly & Co		3,865
792	*,e	Eloxx Pharmaceuticals, Inc		6
1,340	*	Emergent Biosolutions, Inc		72
648	*	Enanta Pharmaceuticals, Inc		40
1,843	*	Endo International plc		9
2,041	*,e	Enochian Biosciences Inc		10

29

TIAA SEPARATE ACCOUNT VA-1 -Stock Index Account

SHARES		COMPANY	VALUE (000)
2,725	*	Epizyme, Inc	$	67
876	*	Esperion Thereapeutics, Inc		52
503	*,e	Evelo Biosciences, Inc		2
1,662	*	Evofem Biosciences Inc		10
702	*,e	Evolus, Inc		9
4,638	*	Exact Sciences Corp		429
9,779	*	Exelixis, Inc		172
2,054	*	Fate Therapeutics, Inc		40
2,752	*	FibroGen, Inc		118
979	*	Five Prime Therapeutics, Inc		4
1,094	*,e	Flexion Therapeutics, Inc		23
2,426	*	Fluidigm Corp		8
926	*	Forty Seven, Inc		36
1,187	*	G1 Therapeutics, Inc		31
6,445	*,e	Geron Corp		9
44,678		Gilead Sciences, Inc		2,903
1,912	*	Global Blood Therapeutics, Inc		152
1,226	*	GlycoMimetics, Inc		6
702	*	Gossamer Bio, Inc		11
1,019	*,e	Gritstone Oncology, Inc		9
4,274	*	Halozyme Therapeutics, Inc		76
1,743	*,e	Heron Therapeutics, Inc		41
542	*	Homology Medicines, Inc		11
6,384	*	Horizon Therapeutics Plc		231
5,097	*	Illumina, Inc		1,691
8,844	*	Immunogen, Inc		45
4,854	*	Immunomedics, Inc		103
6,468	*	Incyte Corp		565
2,960	*	Innoviva, Inc		42
2,690	*,e	Inovio Pharmaceuticals, Inc		9
2,469	*	Insmed, Inc		59
1,277	*,e	Intellia Therapeutics, Inc		19
696	*,e	Intercept Pharmaceuticals, Inc		86
1,040	*	Intersect ENT, Inc		26
1,415	*	Intra-Cellular Therapies, Inc		49
2,121	*,e	Intrexon Corp		12
3,175	*,e	Invitae Corp		51
4,403	*	Ionis Pharmaceuticals, Inc		266
4,024	*	Iovance Biotherapeutics, Inc		111
6,351	*	IQVIA Holdings, Inc		981
5,284	*	Ironwood Pharmaceuticals, Inc		70
2,166	*	Jazz Pharmaceuticals plc		323
91,744		Johnson & Johnson		13,383
2,499	*	Jounce Therapeutics, Inc		22
2,507	*	Kadmon Holdings, Inc		11
312	*,e	Kala Pharmaceuticals, Inc		1
487	*	KalVista Pharmaceuticals Inc		9
146	*,e	Karuna Therapeutics, Inc		11
286	*	Karyopharm Therapeutics, Inc		5
1,311	*	Kezar Life Sciences, Inc		5
841	*	Kindred Biosciences, Inc		7
706	*	Kiniksa Pharmaceuticals Ltd		8
878	*	Kodiak Sciences, Inc		63
308	*	Krystal Biotech Inc		17
772	*	Kura Oncology, Inc		11
669	*,e	La Jolla Pharmaceutical Co		3
1,137	*,e	Lannett Co, Inc		10
1,763	*,e	Lexicon Pharmaceuticals, Inc		7
484	*	Ligand Pharmaceuticals, Inc (Class B)		50
12,084	*,e	Lineage Cell Therapeutics, Inc		11
1,194	*	Liquidia Technologies, Inc		5
842	*	LogicBio Therapeutics, Inc		6
1,582		Luminex Corp		37
1,309	*	MacroGenics, Inc		14

30

TIAA SEPARATE ACCOUNT VA-1 -Stock Index Account

SHARES		COMPANY	VALUE (000)
153	*	Madrigal Pharmaceuticals, Inc	$	14
683	*	Magenta Therapeutics, Inc		10
2,679	*	Mallinckrodt plc		9
14,007	*,e	MannKind Corp		18
4,041	*	Marinus Pharmaceuticals, Inc		9
1,309	*,e	Marker Therapeutics Inc		4
2,689	*,e	Medicines Co		228
1,230	*,e	MediciNova, Inc		8
971	*	Medpace Holdings, Inc		82
3,862	*	MEI Pharma, Inc		10
548	*	MeiraGTx Holdings plc		11
1,875	*	Menlo Therapeutics, Inc		9
88,016		Merck & Co, Inc		8,005
2,738	*	Mersana Therapeutics, Inc		16
864	*	Mettler-Toledo International, Inc		685
854	*	Millendo Therapeutics Inc		6
992	*	Minerva Neurosciences, Inc		7
877	*	Mirati Therapeutics, Inc		113
7,041	*,e	Moderna, Inc		138
1,274	*	Molecular Templates, Inc		18
2,874	*	Momenta Pharmaceuticals, Inc		57
2,916	*	Mustang Bio, Inc		12
17,075	*	Mylan NV		343
1,123	*	MyoKardia, Inc		82
2,502	*	Myriad Genetics, Inc		68
1,160	*	NanoString Technologies, Inc		32
1,964	*	Natera, Inc		66
5,467	*	Nektar Therapeutics		118
3,073	*	NeoGenomics, Inc		90
2,156	*,e	Neon Therapeutics, Inc		3
3,097	*	Neurocrine Biosciences, Inc		333
470	*	NextCure Inc		26
761	*,e	NGM Biopharmaceuticals Inc		14
564	*,e	Novavax, Inc		2
894	*,e	Ocular Therapeutix, Inc		4
216	*	Odonate Therapeutics, Inc		7
1,629	*,e	Omeros Corp		23
2,507	*,e	Oncocyte Corp		6
13,300	*,e	Opko Health, Inc		20
1,987	*,e	Optinose, Inc		18
4,997	*	Pacific Biosciences of California, Inc		26
1,521	*	Pacira BioSciences Inc		69
9,091	*,e	Palatin Technologies, Inc		7
934	*	Paratek Pharmaceuticals, Inc		4
1,731	*	PDL BioPharma, Inc		6
3,900		PerkinElmer, Inc		379
4,241		Perrigo Co plc		219
1,619	*	Pfenex, Inc		18
192,073		Pfizer, Inc		7,525
806	*	PhaseBio Pharmaceuticals Inc		5
720		Phibro Animal Health Corp		18
3,495	*	Pieris Pharmaceuticals, Inc		13
2,817	*,e	PolarityTE, Inc		7
1,961	*	Portola Pharmaceuticals, Inc		47
1,865	*	PRA Health Sciences, Inc		207
1,170	*	Precision BioSciences Inc		16
2,080	*	Prestige Consumer Healthcare, Inc.		84
470	*	Principia Biopharma, Inc		26
2,427	*	Progenics Pharmaceuticals, Inc		12
866	*	Protagonist Therapeutics, Inc		6
1,437	*	Prothena Corp plc		23
2,011	*	PTC Therapeutics, Inc		97
1,119	*	Puma Biotechnology, Inc		10
8,215	*	QIAGEN NV		278

31

TIAA SEPARATE ACCOUNT VA-1 -Stock Index Account

SHARES		COMPANY	VALUE (000)
334	*	Quanterix Corp	$	8
1,099	*	Ra Pharmaceuticals, Inc		52
1,455	*	Radius Health, Inc		29
708	*	Reata Pharmaceuticals, Inc		145
1,657	*	Recro Pharma, Inc		30
2,854	*	Regeneron Pharmaceuticals, Inc		1,072
1,062	*	REGENXBIO, Inc		43
1,344	*	Repligen Corp		124
699	*	Replimune Group, Inc		10
1,469	*	Retrophin, Inc		21
879	*	Revance Therapeutics, Inc		14
280	*	Rhythm Pharmaceuticals, Inc		6
4,657	*	Rigel Pharmaceuticals, Inc		10
1,412	*,e	Rocket Pharmaceuticals, Inc		32
1,226	*,e	Rubius Therapeutics, Inc		12
1,782	*	Sage Therapeutics, Inc		129
2,773	*	Sangamo Therapeutics Inc		23
2,492	*	Sarepta Therapeutics, Inc		322
669	*	Scholar Rock Holding Corp		9
3,768	*	Seattle Genetics, Inc		431
4,330	*	Seres Therapeutics, Inc		15
1,913	*	SIGA Technologies, Inc		9
2,399	*,e	Solid Biosciences, Inc		11
3,173	*,e	Sorrento Therapeutics, Inc		11
2,652	*	Spectrum Pharmaceuticals, Inc		10
741	*	Spero Therapeutics, Inc		7
299	*	SpringWorks Therapeutics, Inc		11
1,509	*	Stemline Therapeutics, Inc		16
1,839	*	Supernus Pharmaceuticals, Inc		44
1,544	*	Syndax Pharmaceuticals, Inc		14
2,126	*	Syneos Health, Inc		126
1,124	*	Synlogic, Inc		3
317	*	Synthorx, Inc		22
2,140	*	Syros Pharmaceuticals, Inc		15
3,335	*	TG Therapeutics, Inc		37
5,906	*,e	TherapeuticsMD, Inc		14
1,625	*	Theravance Biopharma, Inc		42
13,848		Thermo Fisher Scientific, Inc		4,499
1,030	*,e	Translate Bio, Inc		8
767	*,e	Tricida, Inc		29
932	*	Turning Point Therapeutics Inc		58
746	*	Twist Bioscience Corp		16
3,764	*,e	Tyme Technologies, Inc		5
1,517	*	Ultragenyx Pharmaceutical, Inc		65
1,359	*	United Therapeutics Corp		120
1,868	*,e	UNITY Biotechnology, Inc		13
657	*,e	UroGen Pharma Ltd		22
1,691	*	Vanda Pharmaceuticals, Inc		28
8,929	*	VBI Vaccines, Inc		12
1,634	*	Veracyte, Inc		46
1,345	*	Vericel Corp		23
8,913	*	Vertex Pharmaceuticals, Inc		1,951
1,592	*,e	Viking Therapeutics, Inc		13
872	*	Voyager Therapeutics, Inc		12
2,233	*	Waters Corp		522
475	*	WaVe Life Sciences Ltd		4
684	*	X4 Pharmaceuticals, Inc		7
1,334	*,e	XBiotech, Inc		25
1,460	*	Xencor, Inc		50
935	*	Xeris Pharmaceuticals, Inc		7
664	*	Y-mAbs Therapeutics, Inc		21
6,592	*,e	ZIOPHARM Oncology, Inc		31
16,606		Zoetis, Inc		2,198
1,053	*	Zogenix, Inc		55

32

TIAA SEPARATE ACCOUNT VA-1 -Stock Index Account

SHARES		COMPANY	VALUE (000)
797	*,e	Zynerba Pharmaceuticals, Inc	$	5
		TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES		85,495
REAL ESTATE - 4.0%
3,250		Acadia Realty Trust		84
943		Agree Realty Corp		66
2,540		Alexander & Baldwin, Inc		53
51		Alexander’s, Inc		17
3,763		Alexandria Real Estate Equities, Inc		608
466	*,e	Altisource Portfolio Solutions S.A.		9
1,599		American Assets Trust, Inc		73
4,582		American Campus Communities, Inc		215
3,752		American Finance Trust, Inc		50
8,855		American Homes 4 Rent		232
15,237		American Tower Corp		3,502
6,774		Americold Realty Trust		237
5,173		Apartment Investment & Management Co		267
7,310		Apple Hospitality REIT, Inc		119
1,658		Armada Hoffler Properties, Inc		30
3,090		Ashford Hospitality Trust, Inc		9
4,739		AvalonBay Communities, Inc		994
769		Bluerock Residential Growth REIT, Inc		9
5,435		Boston Properties, Inc		749
1,249		BraeMar Hotels & Resorts, Inc		11
6,772		Brandywine Realty Trust		107
11,939		Brixmor Property Group, Inc		258
2,143		Brookfield Property REIT, Inc		40
552		Brt Realty Trust		9
3,063		Camden Property Trust		325
2,763		CareTrust REIT, Inc		57
1,667		CatchMark Timber Trust, Inc		19
6,537	e	CBL & Associates Properties, Inc		7
11,287	*	CBRE Group, Inc		692
3,595		Cedar Realty Trust, Inc		11
1,449		Chatham Lodging Trust		27
1,087		City Office REIT, Inc		15
544		Clipper Realty, Inc		6
20,026		Colony Capital, Inc		95
4,776		Columbia Property Trust, Inc		100
753		Community Healthcare Trust, Inc		32
159		Consolidated-Tomoka Land Co		10
3,089		CoreCivic, Inc		54
419		CorEnergy Infrastructure Trust, Inc		19
473		CorePoint Lodging, Inc		5
1,335		Coresite Realty		150
3,896		Corporate Office Properties Trust		114
5,462		Cousins Properties, Inc		225
14,565		Crown Castle International Corp		2,070
6,597		CubeSmart		208
3,593	*	Cushman & Wakefield plc		73
3,950		CyrusOne, Inc		258
7,801		DiamondRock Hospitality Co		86
7,304		Digital Realty Trust, Inc		875
9,263		Diversified Healthcare Trust		78
5,662		Douglas Emmett, Inc		249
12,847		Duke Realty Corp		445
1,340		Easterly Government Properties, Inc		32
1,286		EastGroup Properties, Inc		171
5,016		Empire State Realty Trust, Inc		70
2,455		EPR Properties		173
2,909		Equinix, Inc		1,698
3,801		Equity Commonwealth		125
5,668		Equity Lifestyle Properties, Inc		399
12,306		Equity Residential		996

33

TIAA SEPARATE ACCOUNT VA-1 -Stock Index Account

SHARES		COMPANY	VALUE (000)
1,740		Essential Properties Realty Trust, Inc	$	43
2,272		Essex Property Trust, Inc		684
929	*,e	eXp World Holdings Inc		11
4,258		Extra Space Storage, Inc		450
967	e	Farmland Partners, Inc		7
2,581		Federal Realty Investment Trust		332
4,527		First Industrial Realty Trust, Inc		188
400	*	Forestar Group, Inc		8
2,420		Four Corners Property Trust, Inc		68
4,124		Franklin Street Properties Corp		35
1,944		Front Yard Residential Corp		24
309	*	FRP Holdings, Inc		15
6,862		Gaming and Leisure Properties, Inc		295
3,108		Geo Group, Inc		52
1,064		Getty Realty Corp		35
881		Gladstone Commercial Corp		19
1,479		Global Medical REIT, Inc		20
2,475		Global Net Lease, Inc		50
272		Griffin Land & Nurseries, Inc (Class A)		11
1,871		Hannon Armstrong Sustainable Infrastructure Capital, Inc		60
4,494		Healthcare Realty Trust, Inc		150
7,668	e	Healthcare Trust of America, Inc		232
17,510		Healthpeak Properties Inc		604
1,493		Hersha Hospitality Trust		22
3,908		Highwoods Properties, Inc		191
26,196		Host Hotels and Resorts, Inc		486
1,318	*	Howard Hughes Corp		167
6,080		Hudson Pacific Properties		229
2,619		Independence Realty Trust, Inc		37
1,510		Industrial Logistics Properties Trust		34
330	e	Innovative Industrial Properties, Inc		25
460		Investors Real Estate Trust		33
18,531		Invitation Homes, Inc		555
10,280		Iron Mountain, Inc		328
2,674		iStar Inc		39
4,340		JBG SMITH Properties		173
322		Jernigan Capital, Inc		6
1,800		Jones Lang LaSalle, Inc		313
3,839		Kennedy-Wilson Holdings, Inc		86
3,350		Kilroy Realty Corp		281
14,283		Kimco Realty Corp		296
3,243		Kite Realty Group Trust		63
2,699		Lamar Advertising Co		241
8,135		Lexington Realty Trust		86
5,077		Liberty Property Trust		305
1,468		Life Storage, Inc		159
1,530		LTC Properties, Inc		68
5,384	e	Macerich Co		145
3,534		Mack-Cali Realty Corp		82
569	*	Marcus & Millichap, Inc		21
231	*	Maui Land & Pineapple Co, Inc		3
17,099		Medical Properties Trust, Inc		361
3,944		Mid-America Apartment Communities, Inc		520
2,597		Monmouth Real Estate Investment Corp (Class A)		38
1,356		National Health Investors, Inc		110
5,402		National Retail Properties, Inc		290
1,700		National Storage Affiliates Trust		57
3,164		New Senior Investment Group, Inc		24
4,651		Newmark Group, Inc		63
662		NexPoint Residential Trust, Inc		30
1,207		Office Properties Income Trust		39
7,830		Omega Healthcare Investors, Inc		332
567		One Liberty Properties, Inc		15
5,152		Outfront Media, Inc		138

34

TIAA SEPARATE ACCOUNT VA-1 -Stock Index Account

SHARES		COMPANY	VALUE (000)
7,621		Paramount Group, Inc	$	106
8,911		Park Hotels & Resorts, Inc		231
5,135		Pebblebrook Hotel Trust		138
2,702	e	Pennsylvania REIT		14
5,940		Physicians Realty Trust		113
4,321		Piedmont Office Realty Trust, Inc		96
2,502		PotlatchDeltic Corp		108
2,737		Preferred Apartment Communities, Inc		36
21,649		Prologis, Inc		1,930
762		PS Business Parks, Inc		126
5,125		Public Storage, Inc		1,091
1,829		QTS Realty Trust, Inc		99
377	*	Rafael Holdings, Inc		7
4,462		Rayonier, Inc		146
732		Re/Max Holdings, Inc		28
4,163	e	Realogy Holdings Corp		40
11,112		Realty Income Corp		818
3,100	*	Redfin Corp		66
5,855		Regency Centers Corp		369
4,204		Retail Opportunities Investment Corp		74
6,690		Retail Properties of America, Inc		90
621		Retail Value, Inc		23
3,671		Rexford Industrial Realty, Inc		168
4,896		RLJ Lodging Trust		87
283		RMR Group, Inc		13
3,057		RPT Realty		46
1,712		Ryman Hospitality Properties		148
6,162		Sabra Healthcare REIT, Inc		131
401		Safehold, Inc		16
392		Saul Centers, Inc		21
3,864		SBA Communications Corp		931
990	e	Seritage Growth Properties		40
5,289		Service Properties Trust		129
10,655		Simon Property Group, Inc		1,587
6,051		SITE Centers Corp		85
3,174		SL Green Realty Corp		292
3,189		Spirit Realty Capital, Inc		157
1,876	*	St. Joe Co		37
4,481		STAG Industrial, Inc		141
6,501		STORE Capital Corp		242
218	*	Stratus Properties, Inc		7
3,928		Summit Hotel Properties, Inc		48
2,801		Sun Communities, Inc		420
8,527		Sunstone Hotel Investors, Inc		119
3,676	e	Tanger Factory Outlet Centers, Inc		54
2,340		Taubman Centers, Inc		73
834	*	Tejon Ranch Co		13
1,821		Terreno Realty Corp		99
10,089		UDR, Inc		471
994		UMH Properties, Inc		16
6,462	e	Uniti Group, Inc		53
294		Universal Health Realty Income Trust		35
3,855		Urban Edge Properties		74
1,188		Urstadt Biddle Properties, Inc (Class A)		30
12,826		Ventas, Inc		741
34,460		VEREIT, Inc		318
15,393		VICI Properties, Inc		393
5,932		Vornado Realty Trust		394
7,181	e	Washington Prime Group, Inc		26
3,060		Washington REIT		89
4,685		Weingarten Realty Investors		146
14,318		Welltower, Inc		1,171
26,359		Weyerhaeuser Co		796
1,293		Whitestone REIT		18

35

TIAA SEPARATE ACCOUNT VA-1 -Stock Index Account

SHARES		COMPANY	VALUE (000)
5,610		WP Carey, Inc	$	449
4,278		Xenia Hotels & Resorts, Inc		92
		TOTAL REAL ESTATE		43,766
RETAILING - 5.7%
1,264	*	1-800-FLOWERS.COM, Inc (Class A)		18
2,429		Aaron’s, Inc		139
1,704		Abercrombie & Fitch Co (Class A)		29
2,427		Advance Auto Parts, Inc		389
14,280	*	Amazon.com, Inc		26,387
6,015		American Eagle Outfitters, Inc		88
367	*	America’sCar-Mart, Inc		40
727	*	Asbury Automotive Group, Inc		81
978	*	At Home Group, Inc		5
1,281	*	Autonation, Inc		62
819	*	AutoZone, Inc		976
1,364	*	Barnes & Noble Education, Inc		6
4,033	e	Bed Bath & Beyond, Inc		70
8,033		Best Buy Co, Inc		705
519		Big Lots, Inc		15
3,457	*	BJ’s Wholesale Club Holdings, Inc		79
1,443	*	Booking Holdings, Inc		2,964
517	*	Boot Barn Holdings, Inc		23
1,023	e	Buckle, Inc		28
2,270	*	Burlington Stores, Inc		518
377		Caleres, Inc		9
437	e	Camping World Holdings, Inc		6
6,038	*	CarMax, Inc		529
1,399	*,e	Carvana Co		129
966		Cato Corp (Class A)		17
4,716		Chico’s FAS, Inc		18
389	e	Children’s Place, Inc		24
619		Citi Trends, Inc		14
708	*,e	Conn’s, Inc		9
764	*	Container Store Group, Inc		3
1,444		Core-Mark Holding Co, Inc		39
2,565		Designer Brands, Inc		40
2,403		Dick’s Sporting Goods, Inc		119
165	e	Dillard’s, Inc (Class A)		12
8,947		Dollar General Corp		1,396
8,163	*	Dollar Tree, Inc		768
404	*,e	Duluth Holdings, Inc		4
26,598		eBay, Inc		960
4,286	*	Etsy, Inc		190
4,646		Expedia Group Inc		502
3,087	*	Express Parent LLC		15
1,844	*	Five Below, Inc		236
2,352	*	Floor & Decor Holdings, Inc		119
3,891		Foot Locker, Inc		152
576	*	Funko, Inc		10
322	*,e	Gaia, Inc		3
3,029	e	GameStop Corp (Class A)		18
6,980		Gap, Inc		123
254	*	Genesco, Inc		12
4,838		Genuine Parts Co		514
2,663	*,e	GNC Holdings, Inc		7
228		Group 1 Automotive, Inc		23
13,160	*	Groupon, Inc		31
3,346	*,e	GrubHub, Inc		163
2,487		Guess?, Inc		56
715		Haverty Furniture Cos, Inc		14
948	*	Hibbett Sports, Inc		27
38,048		Home Depot, Inc		8,309
1,422	*	Hudson Ltd		22

36

TIAA SEPARATE ACCOUNT VA-1 -Stock Index Account

SHARES		COMPANY	VALUE (000)
12,004	*,e	JC Penney Co, Inc	$	13
5,710		Kohl’s Corp		291
7,726		L Brands, Inc		140
487	*	Lands’ End, Inc		8
487	*	Leaf Group Ltd		2
1,143	*	Liquidity Services, Inc		7
527		Lithia Motors, Inc (Class A)		77
10,704	*	LKQ Corp		382
26,686		Lowe’s Companies, Inc		3,196
1,099	*,e	Lumber Liquidators, Inc		11
9,238		Macy’s, Inc		157
1,129	*	MarineMax, Inc		19
1,333	*	Michaels Cos, Inc		11
1,185		Monro Muffler, Inc		93
924	*	Murphy USA, Inc		108
2,416	*	National Vision Holdings, Inc		78
3,550		Nordstrom, Inc		145
3,149		Office Depot, Inc		9
1,846	*	Ollie’s Bargain Outlet Holdings, Inc		121
2,570	*	O’Reilly Automotive, Inc		1,126
567	*	Overstock.com, Inc		4
633		Penske Auto Group, Inc		32
765	e	PetMed Express, Inc		18
1,369		Pool Corp		291
2,851	*	Quotient Technology, Inc		28
14,260	*	Qurate Retail Group, Inc QVC Group		120
1,673		Rent-A-Center, Inc		48
476	*	RH		102
12,266		Ross Stores, Inc		1,428
1,681	*	Rubicon Project, Inc		14
3,687	*	Sally Beauty Holdings, Inc		67
576	e	Shoe Carnival, Inc		21
719	*	Shutterstock, Inc		31
817		Signet Jewelers Ltd		18
906	*	Sleep Number Corp		45
1,157		Sonic Automotive, Inc (Class A)		36
1,434	*	Sportsman’s Warehouse Holdings, Inc		11
618	*	Stamps.com, Inc		52
1,475	*,e	Stitch Fix Inc		38
1,859	e	Tailored Brands, Inc		8
17,130		Target Corp		2,196
4,270		Tiffany & Co		571
432		Tilly’s, Inc		5
41,896		TJX Companies, Inc		2,558
4,234		Tractor Supply Co		396
1,979	*	Ulta Beauty, Inc		501
2,603	*	Urban Outfitters, Inc		72
2,078	*,e	Wayfair, Inc		188
252		Weyco Group, Inc		7
2,858	e	Williams-Sonoma, Inc		210
94		Winmark Corp		19
686	*	Zumiez, Inc		24
		TOTAL RETAILING		62,417
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 4.0%
716	*	Acacia Communications, Inc		49
1,546	*	Advanced Energy Industries, Inc		110
34,503	*	Advanced Micro Devices, Inc		1,582
844	*	Alpha & Omega Semiconductor Ltd		11
1,266	*	Ambarella, Inc		77
3,751	*	Amkor Technology, Inc		49
12,553		Analog Devices, Inc		1,492
31,848		Applied Materials, Inc		1,944
1,183	*	Axcelis Technologies, Inc		29

37

TIAA SEPARATE ACCOUNT VA-1 -Stock Index Account

SHARES		COMPANY	VALUE (000)
1,452	*	AXT, Inc	$	6
13,351		Broadcom, Inc		4,219
2,689		Brooks Automation, Inc		113
1,007		Cabot Microelectronics Corp		145
839	*	Ceva, Inc		23
1,924	*	Cirrus Logic, Inc		159
1,495		Cohu, Inc		34
3,781	*	Cree, Inc		174
11,582		Cypress Semiconductor Corp		270
1,498	*	Diodes, Inc		84
3,169	*,e	Enphase Energy, Inc		83
4,734		Entegris, Inc		237
2,741	*	First Solar, Inc		153
2,989	*	Formfactor, Inc		78
445	*	Ichor Holdings Ltd		15
705	*,e	Impinj, Inc		18
1,603	*	Inphi Corp		119
150,327		Intel Corp		8,997
5,473		KLA Corp		975
4,927		Lam Research Corp		1,441
2,616	*	Lattice Semiconductor Corp		50
1,568	*	MACOM Technology Solutions Holdings, Inc		42
23,160		Marvell Technology Group Ltd		615
9,274		Maxim Integrated Products, Inc		570
2,280	*	MaxLinear, Inc		48
7,965		Microchip Technology, Inc		834
38,343	*	Micron Technology, Inc		2,062
1,742		MKS Instruments, Inc		192
1,367		Monolithic Power Systems, Inc		243
1,995	*	Nanometrics, Inc		73
1,216	*	NeoPhotonics Corp Ltd		11
192		NVE Corp		14
20,147		NVIDIA Corp		4,741
15,220	*	ON Semiconductor Corp		371
1,181	*	PDF Solutions, Inc		20
2,703	*	Photronics, Inc		43
1,113		Power Integrations, Inc		110
3,957	*	Qorvo, Inc		460
39,452		QUALCOMM, Inc		3,481
4,243	*	Rambus, Inc		58
2,520	*	Semtech Corp		133
1,625	*	Silicon Laboratories, Inc		188
5,799		Skyworks Solutions, Inc		701
51	*	SMART Global Holdings, Inc		2
2,299	*,e	SunPower Corp		18
5,732		Teradyne, Inc		391
32,445		Texas Instruments, Inc		4,162
1,266	*	Ultra Clean Holdings		30
1,389		Universal Display Corp		286
1,833	*	Veeco Instruments, Inc		27
8,914		Xilinx, Inc		872
1,849		Xperi Corp		34
		TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		43,568
SOFTWARE & SERVICES - 12.2%
1,998	*	2U, Inc		48
3,462	*	8x8, Inc		63
1,883	*	A10 Networks, Inc		13
22,000		Accenture plc		4,632
4,522	*	ACI Worldwide, Inc		171
16,825	*	Adobe, Inc		5,549
5,728	*	Akamai Technologies, Inc		495
792	*	Alarm.com Holdings, Inc		34
1,403		Alliance Data Systems Corp		157

38

TIAA SEPARATE ACCOUNT VA-1 -Stock Index Account

SHARES		COMPANY	VALUE (000)
906	*	Altair Engineering, Inc	$	33
1,605	*,e	Alteryx, Inc		161
4,521		Amdocs Ltd		326
1,091		American Software, Inc (Class A)		16
2,896	*	Anaplan, Inc		152
2,922	*	Ansys, Inc		752
538	*	Appfolio, Inc		59
1,096	*,e	Appian Corp		42
2,441	*	Aspen Technology, Inc		295
3,721	*	Atlassian Corp plc		448
7,727	*	Autodesk, Inc		1,418
14,997		Automatic Data Processing, Inc		2,557
1,505	*	Avalara, Inc		110
3,817	*	Avaya Holdings Corp		52
1,498	*	Benefitfocus, Inc		33
5,264	*	Black Knight, Inc		339
1,852		Blackbaud, Inc		147
1,191	*	Blackline, Inc		61
4,784		Booz Allen Hamilton Holding Co		340
1,563	*	Bottomline Technologies, Inc		84
4,699	*	Box, Inc		79
1,247	*	Brightcove, Inc		11
3,900		Broadridge Financial Solutions, Inc		482
946	*	CACI International, Inc (Class A)		236
9,861	*	Cadence Design Systems, Inc		684
842	*	Cardtronics plc		38
576		Cass Information Systems, Inc		33
4,074		CDK Global, Inc		223
1,164	*	Cerence Inc		26
3,161	*	Ceridian HCM Holding, Inc		215
921	*	ChannelAdvisor Corp		8
1,430	*	Cision Ltd		14
4,398		Citrix Systems, Inc		488
5,802	*,e	Cloudera, Inc		67
18,715		Cognizant Technology Solutions Corp (Class A)		1,161
1,509	*	Commvault Systems, Inc		67
7,418	*	Conduent, Inc		46
3,306	*	CoreLogic Inc		145
2,077	*	Cornerstone OnDemand, Inc		122
1,958	*	Coupa Software, Inc		286
1,299		CSG Systems International, Inc		67
574	*,e	Digimarc Corp		19
2,714	*	Digital Turbine, Inc		19
5,396	*	DocuSign, Inc		400
643	*	Domo, Inc		14
7,483	*	Dropbox, Inc		134
9,523		DXC Technology Co		358
1,061	*	Dynatrace, Inc		27
927	e	Ebix, Inc		31
648	*	eGain Corp		5
1,317	*	Elastic NV		85
2,483	*	Endurance International Group Holdings, Inc		12
1,657	*	Envestnet, Inc		115
1,908	*	EPAM Systems, Inc		405
1,684	*	Euronet Worldwide, Inc		265
1,144	*	Everbridge, Inc		89
2,472	*	Everi Holdings, Inc		33
2,375		EVERTEC, Inc		81
503	*	Evo Payments, Inc		13
1,241	*	ExlService Holdings, Inc		86
1,096	*	Fair Isaac Corp		411
21,059		Fidelity National Information Services, Inc		2,929
6,880	*	FireEye, Inc		114
19,517	*	Fiserv, Inc		2,257

39

TIAA SEPARATE ACCOUNT VA-1 -Stock Index Account

SHARES		COMPANY	VALUE (000)
2,029	*	Five9, Inc	$	133
2,968	*	FleetCor Technologies, Inc		854
1,062	*	ForeScout Technologies, Inc		35
5,020	*	Fortinet, Inc		536
3,100	*	Gartner, Inc		478
5,261		Genpact Ltd		222
10,338		Global Payments, Inc		1,887
6,208	*	GoDaddy, Inc		422
2,905	*	Guidewire Software, Inc		319
1,077		Hackett Group, Inc		17
1,304	*	HubSpot, Inc		207
351	*	I3 Verticals, Inc		10
1,377	*	Information Services Group, Inc		3
1,210	*	Inspired Entertainment, Inc		8
825	*	Instructure, Inc		40
385	*,e	Intelligent Systems Corp		15
30,563		International Business Machines Corp		4,097
8,623		Intuit, Inc		2,259
1,794		j2 Global, Inc		168
2,676		Jack Henry & Associates, Inc		390
5,716		KBR, Inc		174
4,837		Leidos Holdings, Inc		474
3,363	*	Limelight Networks, Inc		14
2,140	*	Liveperson, Inc		79
2,391	*	LiveRamp Holdings, Inc		115
1,820		LogMeIn, Inc		156
869	*	Majesco		7
2,259	*	Manhattan Associates, Inc		180
1,025		Mantech International Corp (Class A)		82
30,580		Mastercard, Inc (Class A)		9,131
2,080		MAXIMUS, Inc		155
388	*	Medallia, Inc		12
261,164		Microsoft Corp		41,185
367	*	MicroStrategy, Inc (Class A)		52
1,253	*	Mitek Systems, Inc		10
1,693	*	MobileIron, Inc		8
844	*	Model N, Inc		30
1,446	*,e	MongoDB, Inc		190
1,631	*	New Relic, Inc		107
2,596		NIC, Inc		58
19,906		NortonLifelock, Inc		508
9,317	*	Nuance Communications, Inc		166
4,944	*	Nutanix, Inc		155
3,609	*	Okta, Inc		416
1,227	*	OneSpan, Inc		21
70,915		Oracle Corp		3,757
1,361	*,e	Pagerduty, Inc		32
3,213	*	Palo Alto Networks, Inc		743
10,946		Paychex, Inc		931
1,706	*	Paycom Software, Inc		452
1,003	*	Paylocity Holding Corp		121
40,720	*	PayPal Holdings, Inc		4,405
1,045	*,e	Paysign Inc		11
1,438		Pegasystems, Inc		115
1,320	*	Perficient, Inc		61
5,214		Perspecta, Inc		138
2,202	*	Pluralsight, Inc		38
621	*	PRGX Global, Inc		3
1,791		Progress Software Corp		74
1,867	*	Proofpoint, Inc		214
1,099	*	PROS Holdings, Inc		66
3,677	*	PTC, Inc		275
1,206	*	Q2 Holdings, Inc		98
400		QAD, Inc (Class A)		20

40

TIAA SEPARATE ACCOUNT VA-1 -Stock Index Account

SHARES		COMPANY	VALUE (000)
1,213	*	Qualys, Inc	$	101
1,695	*	Rapid7, Inc		95
2,285	*	RealPage, Inc		123
2,430	*	RingCentral, Inc		410
10,188		Sabre Corp		229
1,841	*	SailPoint Technologies Holding, Inc		43
28,459	*	salesforce.com, Inc		4,629
2,092		Science Applications International Corp		182
257	*,e	SecureWorks Corp		4
6,396	*	ServiceNow, Inc		1,806
779	*,e	SharpSpring Inc		9
502	*	ShotSpotter, Inc		13
3,012	*	Smartsheet, Inc		135
1,330	*,e	SolarWinds Corp		25
5,371	*	Splunk, Inc		804
1,380	*	SPS Commerce, Inc		76
11,771	*	Square, Inc		736
7,627		SS&C Technologies Holdings, Inc		468
2,959	*	SVMK, Inc		53
1,325		Switch, Inc		20
1,511	*	Sykes Enterprises, Inc		56
1,342	*,e	Synchronoss Technologies, Inc		6
5,041	*	Synopsys, Inc		702
2,099	*	Telaria, Inc		19
2,092	*	TeleNav, Inc		10
303	*	Tenable Holdings, Inc		7
4,419	*	Teradata Corp		118
4,572		TiVo Corp		39
1,339	*	Trade Desk, Inc		348
440	*,e	TransEnterix, Inc		1
541		TTEC Holdings, Inc		21
349	*,e	Tucows, Inc		22
4,079	*	Twilio, Inc		401
1,396	*	Tyler Technologies, Inc		419
2,160	*	Unisys Corp		26
265	*	Upland Software, Inc		9
1,838	*	Upwork, Inc		20
1,028	*	Varonis Systems, Inc		80
2,429	*	Verint Systems, Inc		134
3,641	*	VeriSign, Inc		702
3,457	*	Verra Mobility Corp		48
2,063	*,e	VirnetX Holding Corp		8
1,072	*	Virtusa Corp		49
59,107		Visa, Inc (Class A)		11,106
2,748	*	VMware, Inc (Class A)		417
14,555		Western Union Co		390
1,532	*	WEX, Inc		321
5,643	*	Workday, Inc		928
912	*	Workiva, Inc		38
2,990	*	Yext, Inc		43
3,760	*	Zendesk, Inc		288
2,044	*	Zix Corp		14
2,136	*	Zscaler, Inc		99
2,992	*	Zuora Inc		43
		TOTAL SOFTWARE & SERVICES		135,019
TECHNOLOGY HARDWARE & EQUIPMENT - 6.1%
4,245	*	3D Systems Corp		37
1,869		Adtran, Inc		19
1,071	*	Agilysys, Inc		27
9,968		Amphenol Corp (Class A)		1,079
1,131	*	Anixter International, Inc		104
153,498	d	Apple, Inc		45,074
712	*,e	Applied Optoelectronics, Inc		8

41

TIAA SEPARATE ACCOUNT VA-1 -Stock Index Account

SHARES		COMPANY	VALUE (000)
2,011	*	Arista Networks, Inc	$	409
2,522	*	Arlo Technologies, Inc		11
2,538	*	Arrow Electronics, Inc		215
1,363	*	Avid Technology, Inc		12
3,554		Avnet, Inc		151
1,630		AVX Corp		33
1,096		Badger Meter, Inc		71
429		Bel Fuse, Inc (Class B)		9
1,632		Belden CDT, Inc		90
1,932		Benchmark Electronics, Inc		66
1,369	*	CalAmp Corp		13
1,907	*	Calix, Inc		15
176	*	Casa Systems, Inc		1
5,080		CDW Corp		726
5,012	*	Ciena Corp		214
148,305		Cisco Systems, Inc		7,113
522	*	Clearfield, Inc		7
5,437		Cognex Corp		305
954	*	Coherent, Inc		159
6,754	*	CommScope Holding Co, Inc		96
784		Comtech Telecommunications Corp		28
26,502		Corning, Inc		771
1,256		CTS Corp		38
48		Daktronics, Inc		0	^
5,361	*	Dell Technologies, Inc		276
2,906	*	Diebold, Inc		31
1,019	*	Digi International, Inc		18
2,138		Dolby Laboratories, Inc (Class A)		147
1,847	*	EchoStar Corp (Class A)		80
518	*	ePlus, Inc		44
4,537	*	Extreme Networks, Inc		33
2,012	*	F5 Networks, Inc		281
1,440	*	Fabrinet		93
655	*	FARO Technologies, Inc		33
6,696	*	Fitbit, Inc		44
4,422		FLIR Systems, Inc		230
3,142	*	Harmonic, Inc		25
44,967		Hewlett Packard Enterprise Co		713
50,787		HP, Inc		1,044
3,386	*	II-VI, Inc		114
1,305	*	Immersion Corp		10
5,792	*	Infinera Corp		46
2,359	*,e	Inseego Corp		17
1,383	*	Insight Enterprises, Inc		97
1,347		InterDigital, Inc		73
1,172	*	IPG Photonics Corp		170
944	*	Iteris, Inc		5
1,329	*	Itron, Inc		112
4,847		Jabil Inc		200
11,699		Juniper Networks, Inc		288
1,750		Kemet Corp		47
6,356	*	Keysight Technologies, Inc		652
1,038	*	Kimball Electronics, Inc		18
3,427	*	Knowles Corp		73
758	*	KVH Industries, Inc		8
939		Littelfuse, Inc		180
2,759	*	Lumentum Holdings, Inc		219
1,398		Methode Electronics, Inc		55
5,680		Motorola Solutions, Inc		915
632		MTS Systems Corp		30
428	*	Napco Security Technologies, Inc		13
4,043		National Instruments Corp		171
4,702	*	NCR Corp		165
8,306		NetApp, Inc		517

42

TIAA SEPARATE ACCOUNT VA-1 -Stock Index Account

SHARES			COMPANY	VALUE (000)
1,274	*		Netgear, Inc	$	31
3,375	*		Netscout Systems, Inc		81
236	*		nLight, Inc		5
1,269	*		Novanta, Inc		112
673	*		OSI Systems, Inc		68
406	*,e		PAR Technology Corp		12
766			Park Aerospace Corp		12
430			PC Connection, Inc		21
1,300			Plantronics, Inc		36
884	*		Plexus Corp		68
8,066	*		Pure Storage, Inc		138
2,205	*		Ribbon Communications, Inc		7
701	*		Rogers Corp		87
2,856	*		Sanmina Corp		98
958	*		Scansource, Inc		35
1,939	*		Stratasys Ltd		39
1,338	*		Synaptics, Inc		88
1,480			Synnex Corp		191
1,151	*		Tech Data Corp		165
8,652	*		Trimble Inc		361
3,576	*		TTM Technologies, Inc		54
312	e		Ubiquiti, Inc		59
2,057	*		Viasat, Inc		151
8,882	*		Viavi Solutions, Inc		133
5,245			Vishay Intertechnology, Inc		112
398	*		Vishay Precision Group, Inc		14
9,975			Western Digital Corp		633
6,252			Xerox Holdings Corp		231
1,840	*		Zebra Technologies Corp (Class A)		470
			TOTAL TECHNOLOGY HARDWARE & EQUIPMENT		67,700
TELECOMMUNICATION SERVICES - 1.9%
410	*		Anterix, Inc		18
252,280			AT&T, Inc		9,859
373			ATN International, Inc		21
565	*		Bandwidth Inc		36
1,565	*		Boingo Wireless, Inc		17
38,502			CenturyLink, Inc		509
1,877	*		Cincinnati Bell, Inc		20
1,599			Cogent Communications Group, Inc		105
2,586		��	Consolidated Communications Holdings, Inc		10
2,248	*,e		Gogo, Inc		14
2,353	*		Intelsat S.A.		17
2,990	*		Iridium Communications, Inc		74
661	*		Ooma, Inc		9
2,552	*		ORBCOMM, Inc		11
1,811			Shenandoah Telecom Co		75
859			Spok Holdings, Inc		11
19,979	*		Sprint Corp		104
3,834			Telephone & Data Systems, Inc		97
10,552	*		T-Mobile US, Inc		827
176	*		US Cellular Corp		6
143,276			Verizon Communications, Inc		8,797
7,849	*		Vonage Holdings Corp		58
7,262	*		Zayo Group Holdings, Inc		252
			TOTAL TELECOMMUNICATION SERVICES		20,947
TRANSPORTATION - 1.9%
2,138	*		Air Transport Services Group, Inc		50
3,985			Alaska Air Group, Inc		270
502			Allegiant Travel Co		87
236			Amerco, Inc		89
13,636	e		American Airlines Group, Inc		391
37			ArcBest Corp		1

43

TIAA SEPARATE ACCOUNT VA-1 -Stock Index Account

SHARES		COMPANY	VALUE (000)
285	*	Atlas Air Worldwide Holdings, Inc	$	8
1,550	*	Avis Budget Group, Inc		50
4,786		CH Robinson Worldwide, Inc		374
1,092		Copa Holdings S.A. (Class A)		118
1,032		Costamare, Inc		10
452	*	Covenant Transportation Group, Inc		6
25,477		CSX Corp		1,844
763	*	Daseke, Inc		2
19,568		Delta Air Lines, Inc		1,144
1,536	*,e	Eagle Bulk Shipping, Inc		7
1,070	*	Echo Global Logistics, Inc		22
5,558		Expeditors International of Washington, Inc		434
8,442		FedEx Corp		1,276
902		Forward Air Corp		63
715		Hawaiian Holdings, Inc		21
1,188		Heartland Express, Inc		25
3,403	*	Hertz Global Holdings, Inc		54
1,279	*	Hub Group, Inc (Class A)		66
2,886		JB Hunt Transport Services, Inc		337
10,338	*	JetBlue Airways Corp		194
3,398		Kansas City Southern		520
2,088	*	Kirby Corp		187
4,783		Knight-Swift Transportation Holdings, Inc		171
1,543		Landstar System, Inc		176
6,475	*	Lyft, Inc (Class A)		279
3,019		Macquarie Infrastructure Co LLC		129
1,495		Marten Transport Ltd		32
1,675		Matson, Inc		68
9,069		Norfolk Southern Corp		1,761
2,240		Old Dominion Freight Line		425
334		Park-Ohio Holdings Corp		11
1,449	*	Radiant Logistics, Inc		8
1,666		Ryder System, Inc		90
1,798	*	Safe Bulkers, Inc		3
945	*	Saia, Inc		88
1,179		Schneider National, Inc		26
2,180		Scorpio Bulkers, Inc		14
1,961		Skywest, Inc		127
16,154		Southwest Airlines Co		872
2,177	*	Spirit Airlines, Inc		88
32,408	*	Uber Technologies, Inc		964
24,019		Union Pacific Corp		4,342
7,840	*	United Airlines Holdings Inc		691
24,033		United Parcel Service, Inc (Class B)		2,813
200		Universal Logistics Holdings Inc		4
1,875		Werner Enterprises, Inc		68
3,234	*	XPO Logistics, Inc		258
147	*,e	YRC Worldwide, Inc		0	^
		TOTAL TRANSPORTATION		21,158
UTILITIES - 3.2%
22,861		AES Corp		455
1,901		Allete, Inc		154
7,893		Alliant Energy Corp		432
8,359		Ameren Corp		642
16,902		American Electric Power Co, Inc		1,597
1,409		American States Water Co		122
6,200		American Water Works Co, Inc		762
7,640		Aqua America, Inc		359
443	*	AquaVenture Holdings Ltd		12
366		Artesian Resources Corp		14
5,498	*,e	Atlantic Power Corp		13
3,854		Atmos Energy Corp		431
1,521		Avangrid, Inc		78

44

TIAA SEPARATE ACCOUNT VA-1 -Stock Index Account

SHARES		COMPANY	VALUE (000)
2,203		Avista Corp	$	106
2,128		Black Hills Corp		167
812	*,e	Cadiz, Inc		9
1,860		California Water Service Group		96
17,247		Centerpoint Energy, Inc		470
640		Chesapeake Utilities Corp		61
1,290		Clearway Energy, Inc (Class A)		25
2,243		Clearway Energy, Inc (Class C)		45
9,924		CMS Energy Corp		624
11,205		Consolidated Edison, Inc		1,014
626		Consolidated Water Co, Inc		10
27,550		Dominion Energy Inc		2,282
6,370		DTE Energy Co		827
25,113		Duke Energy Corp		2,291
11,609		Edison International		875
1,320		El Paso Electric Co		90
6,725		Entergy Corp		806
8,173		Evergy, Inc		532
11,262		Eversource Energy		958
33,843		Exelon Corp		1,543
18,173		FirstEnergy Corp		883
919		Genie Energy Ltd		7
349		Global Water Resources, Inc		5
3,788		Hawaiian Electric Industries, Inc		177
1,806		Idacorp, Inc		193
6,373		MDU Resources Group, Inc		189
1,395		MGE Energy, Inc		110
644		Middlesex Water Co		41
2,568		National Fuel Gas Co		119
3,351		New Jersey Resources Corp		149
16,627		NextEra Energy, Inc		4,026
12,354		NiSource, Inc		344
1,124		Northwest Natural Holding Co		83
1,853		NorthWestern Corp		133
8,631		NRG Energy, Inc		343
6,410		OGE Energy Corp		285
2,027		ONE Gas, Inc		190
1,582		Ormat Technologies, Inc		118
1,523		Otter Tail Corp		78
2,658		Pattern Energy Group, Inc		71
18,731	*,b	PG&E Corp		204
3,779		Pinnacle West Capital Corp		340
3,215		PNM Resources, Inc		163
3,158		Portland General Electric Co		176
25,287		PPL Corp		907
17,110		Public Service Enterprise Group, Inc		1,010
626	*	Pure Cycle Corp		8
263		RGC Resources, Inc		7
9,564		Sempra Energy		1,449
678		SJW Corp		48
3,054		South Jersey Industries, Inc		101
36,015		Southern Co		2,294
1,840		Southwest Gas Holdings Inc		140
431		Spark Energy, Inc		4
1,831		Spire, Inc		153
1,698		TerraForm Power, Inc		26
7,337		UGI Corp		331
534		Unitil Corp		33
13,883		Vistra Energy Corp		319
10,897		WEC Energy Group, Inc		1,005
18,024		Xcel Energy, Inc		1,144
490		York Water Co		23
		TOTAL UTILITIES		35,331
		TOTAL COMMON STOCKS		1,096,730
		(Cost $399,042)

45

TIAA SEPARATE ACCOUNT VA-1 -Stock Index Account

SHARES		COMPANY				VALUE (000)
RIGHTS / WARRANTS - 0.0%
MATERIALS - 0.0%
1,126	†	A Schulman, Inc CVR				$	0	^
11,807	†	Pan American Silver Corp					3
		TOTAL MATERIALS					3
MEDIA & ENTERTAINMENT - 0.0%
4,469	†	Media General, Inc					0
		TOTAL MEDIA & ENTERTAINMENT					0
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.0%
1,565	*,†	Elanco Animal Health, Inc CVR					0	^
244	†	Omthera Pharmaceuticals, Inc					0	^
390	†	Tobira Therapeutics, Inc					0	^
		TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES					0	^
		TOTAL RIGHTS / WARRANTS					3
		(Cost $12)
PRINCIPAL		ISSUER
SHORT-TERM INVESTMENTS - 1.2%
GOVERNMENT AGENCY DEBT - 0.7%
$   7,720,000		Federal Home Loan Bank (FHLB)	1.150	%	01/02/20		7,720
		TOTAL GOVERNMENT AGENCY DEBT					7,720
SHARES		COMPANY
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.5%
5,860,634	c	State Street Navigator Securities Lending Government Money Market Portfolio					5,861
		TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES					5,861
		TOTAL SHORT-TERM INVESTMENTS					13,581
		(Cost $13,581)
		TOTAL INVESTMENTS - 100.6%					1,110,314
		(Cost $412,635)
		OTHER ASSETS & LIABILITIES, NET - (0.6)%					(6,572	)
		NET ASSETS - 100.0%				$	1,103,742

Abbreviation(s):

CVR Contingent Value Rights

REIT Real Estate Investment Trust

^ Amount represents less than $1,000.

* Non-income producing

† Security is categorized as Level 3 in the fair value hierarchy.

b In bankruptcy

c Investments made with cash collateral received from securities on loan.

d All or a portion of these securities have been segregated to cover margin requirements on open futures contracts.

e All or a portion of these securities are out on loan. The value of securities on loan is $7,624,056.

Cost amounts are in thousands.

Futures contracts outstanding as of December 31, 2019 were as follows (notional amounts and values are in thousands):

Description	Number of long (short) contracts		Expiration date	Notional amount		Value		Unrealized appreciation (depreciation)
S&P 500 E Mini Index		41	03/20/20	$	6,608	$	6,623	$	15

46

Report of Independent Registered Public Accounting Firm

TotheManagement Committee andContractowners ofthe Stock Index Account of TIAA Separate AccountVA-1

Opinion on the Financial Statements

We have audited the accompanying statement of assets and liabilities, including the summary portfolio of investments, ofStock Index Account of TIAA Separate AccountVA-1 (the “Account”) as of December 31,2019, the related statement of operations for the year ended December 31,2019, the statement of changes in net assets for each of the two years in the period ended December 31,2019, including the related notes,and the financial highlights for each of the five years in the period ended December 31,2019 (included in Item 1 of this FormN-CSR) and the schedule of investments (included in Item 6 of this FormN-CSR) as of December 31,2019 (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Account as of December 31,2019, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period ended December 31,2019 and the financial highlights for each of the five years in the period ended December 31,2019 in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility of the Account’s management. Our responsibility is to express an opinion on the Account’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Account in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of December 31,2019by correspondence with the custodian, and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinion.

/s/ PricewaterhouseCoopers LLP

Baltimore, Maryland

February 24, 2020

We have served as the auditor of one or more investment companies in TIAA-CREF Funds’ investment company group since 2005.

47

Item 7. Disclosure of Proxy Voting Policies and Procedures forClosed-End Management Investment Companies.

Not Applicable.

Item 8. Portfolio Managers ofClosed-End Management Investment Companies.

Not Applicable.

Item 9. Purchases of Equity Securities byClosed-End Management Investment Company and Affiliated Purchasers.

Not Applicable.

Item 10. Submission of Matters to a Vote of Security Holders.

There were no material changes to the procedures by which shareholders may recommend nominees to the Registrant’s Management Committee.

Item 11. Controls and Procedures.

(a) An evaluation was performed within 90 days of the filing date of the report under the supervision of the Registrant’s management, including the principal executive officer and principal financial officer, of the effectiveness of the design and operation of the Registrant’s disclosure controls and procedures. Based on that evaluation, the Registrant’s management, including the principal executive officer and principal financial officer, concluded that the Registrant’s disclosure controls and procedures were effective for this annual reporting period.

(b) There were no changes in the Registrant’s internal control over financial reporting that occurred during the Registrant’s annual period covered by this report that materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

Item 12. Disclosure of Securities Lending Activities forClosed-End Management Investment Companies.

Not Applicable.

Item 13. Exhibits.

13(a)(1) Copy of current SOX code of ethics for Senior Financial Officers

13(a)(2)(i) Section 302 certification of the principal executive officer

13(a)(2)(ii) Section 302 certification of the principal financial officer

13(b) Section 906 certification of principal executive officer and principal financial officer

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	TIAA SEPARATE ACCOUNTVA-1
Dated: February 24, 2020	By:	/s/ Carol W. Deckbar
		Carol W. Deckbar
		Principal Executive Officer and Executive
		Vice President

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

Dated: February 24, 2020	By:	/s/ Carol W. Deckbar
		Carol W. Deckbar
		Principal Executive Officer and Executive
		Vice President
		(principal executive officer)
Dated: February 24, 2020	By:	/s/ E. Scott Wickerham
		E. Scott Wickerham
		Principal Financial Officer, Principal Accounting
		Officer and Treasurer
		(principal financial officer)

EXHIBIT INDEX

Item 13. Exhibits.

13(a)(1) Copy of current SOX code of ethics for Senior Financial Officers

13(a)(2)(i) Section 302 certification of the principal executive officer

13(a)(2)(ii) Section 302 certification of the principal financial officer

13(b) Section 906 certification of principal executive officer and principal financial officer