UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT
INVESTMENT COMPANIES
Investment Company Act file number File No. 811-08520
TIAA SEPARATE ACCOUNT VA-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 ACCOUNT VA-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: June 30, 2021
Item 1. Reports to Stockholders.
Semiannual Report ◾ June 30, 2021
TIAA Separate Account VA-1
The semiannual report contains the financial statements (unaudited). |
Stock Index Account
3 | ||||
4 | ||||
5 | ||||
6 | ||||
Account performance | ||||
7 | ||||
10 | ||||
Financial statements (unaudited) | ||||
14 | ||||
15 | ||||
16 | ||||
18 | ||||
20 | ||||
30 | ||||
38 | ||||
Inside back cover | ||||
This semiannual report contains information about the TIAA Separate Account VA-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 six months ended June 30, 2021. 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 June 30, 2021. |
• | 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 call 800-223-1200. We urge you to read the prospectus carefully before investing.
TIAA Separate Account VA-1 ◾ 2021 Semiannual Report 3
Information for contractowners
Portfolio holdings
The summary portfolio of investments for the TIAA Separate Account VA-1 begins on page 10 of this report. You can obtain a complete list of the holdings of the TIAA Separate Account VA-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 at 800-842-2252 to request a copy, which will be provided free of charge. |
You can also obtain a complete list of the TIAA Separate Account VA-1’s portfolio holdings as of the most recently completed fiscal quarter, and for prior quarter-ends, from our Securities and Exchange Commission (SEC) Form N-CSR and Form N-PORT filings. Form N-CSR filings are as of December 31 or June 30; Form N-PORT 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 Account VA-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 at 800-223-1200 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 Form N-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 at 800-223-1200.
Account management
The TIAA Separate Account VA-1 is managed by a portfolio management team of Teachers Advisors, LLC. The members of this team are responsible for the day-to-day investment management of the Account.
4 2021 Semiannual Report ◾ TIAA Separate Account VA-1
Important information about expenses
All contractowners in the TIAA Separate Account VA-1 incur ongoing costs, including management fees and other Account expenses.
The TIAA Separate Account VA-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 Account VA-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 the six-month period and held for the entire period (January 1, 2021–June 30, 2021).
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 the six-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 the six-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 the six-month period and an assumed 5%-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 ◾ 2021 Semiannual Report 5
Important information about expenses
Expense example
Six months ended June 30, 2021
Stock Index Account | Beginning account value (1/1/21) | Ending account value (6/30/21) | Expenses paid during period* (1/1/21–6/30/21) | |||||||||
Actual return | $ | 1,000.00 | $ | 1,147.07 | $ | 3.99 | ||||||
5% annual hypothetical return | 1,000.00 | 1,021.08 | 3.76 |
* | “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 over the six-month period, multiplied by 181/365. There were 181 days in the six months ended June 30, 2021. The Account’s annualized six-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%. |
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 2021 Semiannual Report ∎ TIAA Separate Account VA-1
Performance for the six months ended June 30, 2021
The Stock Index Account returned 14.71% for the period, compared with the 15.11% return of its benchmark, the Russell 3000® Index. For the twelve months ended June 30, 2021, the Account returned 43.09%, versus 44.16% for the index.
For the six-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.
The U.S. economy grew at a solid pace during the period, extending its recovery from the impact of the COVID-19 pandemic. The unemployment rate declined from 6.3% in January 2021 to 5.9% in June. Core inflation, which includes all items except food and energy, rose 4.5% over the twelve months ended June 30, 2021. The Federal Reserve left the federal funds target rate unchanged during the period, maintaining the key short-term interest-rate measure at 0.00%–0.25%. Crude oil prices rose sharply, reaching their highest level since October 2018.
The U.S. stock market, as measured by the Russell 3000 Index, generated double-digit gains for the period. Value stocks outperformed growth shares, while small-cap equities outperformed larger stocks. (Returns by investment style and capitalization size are based on the Russell indexes.)
All benchmark sectors advanced
All eleven industry sectors in the Russell 3000 Index posted gains for the six months. Energy (up 48.0%) delivered the strongest return, helped by the steep increase in oil prices. Information technology (up 12.9%)—the benchmark’s largest sector—was the top contributor to the index’s return. The next-largest contributors were financials (up 24.8%) and communication services (up 19.3%). Together, these four sectors represented more than one-half of the benchmark’s total market capitalization on June 30, 2021. The worst performers were utilities (up 2.4%) and consumer staples (up 5.8%), two defensive sectors that tend to lag when the economy is accelerating.
For the six-month period, three of the five largest stocks in the Russell 3000 Index registered impressive gains that exceeded the overall return of the benchmark. Alphabet (the parent company of Google) and Facebook performed best, as both companies benefited from strong growth in spending on digital advertising. Next in line was Microsoft, which experienced robust demand for its cloud-computing services and video gaming products. Amazon.com and Apple generated gains but lagged the benchmark.
TIAA Separate Account VA-1 ◾ 2021 Semiannual Report 7
Stock Index Account
Performance as of June 30, 2021
Total return | Average annual total return | |||||||||||||||||||||||
Inception date | 6 months | 1 year | 5 years | 10 years | ||||||||||||||||||||
Stock Index Account | 11/1/94 | 14.71 | % | 43.09 | % | 17.01 | % | 13.87 | % | |||||||||||||||
Russell 3000® Index | — | 15.11 | 44.16 | 17.89 | 14.70 |
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 recent month-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. Refer to the Financial highlights later in this report for the Account’s expense ratios as of the end of the reporting period.
You cannot invest directly in any index. Index returns do not include a deduction for fees or expenses.
Portfolio composition
Sector | % of net assets as of 6/30/2021 | |||
Information technology | 26.3 | |||
Health care | 13.5 | |||
Consumer discretionary | 12.1 | |||
Financials | 11.5 | |||
Communication services | 10.0 | |||
Industrials | 9.4 | |||
Consumer staples | 5.3 | |||
Real estate | 3.3 | |||
Energy | 2.8 | |||
Materials | 2.5 | |||
Utilities | 2.3 | |||
Short-term investments, other assets & liabilities, net | 1.0 | |||
Total | 100.0 |
8 2021 Semiannual Report ∎ TIAA Separate Account VA-1
Stock Index Account
Holdings by company size
Market capitalization | % of equity investments as of 6/30/2021 | |||
More than $50 billion | 65.2 | |||
More than $15 billion–$50 billion | 19.6 | |||
More than $2 billion–$15 billion | 13.1 | |||
$2 billion or less | 2.1 | |||
Total | 100.0 |
TIAA Separate Account VA-1 ◾ 2021 Semiannual Report 9
Summary portfolio of investments (unaudited) |
Stock Index Account § June 30, 2021
Principal | Issuer | Value (000) | % of net assets | |||||||||||||||||
BONDS | ||||||||||||||||||||
CORPORATE BONDS | ||||||||||||||||||||
DIVERSIFIED FINANCIALS | $ | 1 | 0.0 | % | ||||||||||||||||
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| |||||||||||||||||||
TOTAL CORPORATE BONDS | (Cost $1) | 1 | 0.0 | |||||||||||||||||
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TOTAL BONDS | (Cost $1) | 1 | 0.0 | |||||||||||||||||
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Shares |
| Company | ||||||||||||||||||
COMMON STOCKS | ||||||||||||||||||||
AUTOMOBILES & COMPONENTS | ||||||||||||||||||||
23,488 | * | Tesla, Inc | 15,965 | 1.2 | ||||||||||||||||
Other | 8,436 | 0.6 | ||||||||||||||||||
|
| |||||||||||||||||||
24,401 | 1.8 | |||||||||||||||||||
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| |||||||||||||||||||
BANKS | ||||||||||||||||||||
228,256 | Bank of America Corp | 9,411 | 0.7 | |||||||||||||||||
91,011 | JPMorgan Chase & Co | 14,156 | 1.0 | |||||||||||||||||
124,223 | Wells Fargo & Co | 5,626 | 0.4 | |||||||||||||||||
Other | 30,679 | 2.3 | ||||||||||||||||||
|
| |||||||||||||||||||
59,872 | 4.4 | |||||||||||||||||||
|
| |||||||||||||||||||
CAPITAL GOODS | 83,472 | 6.2 | ||||||||||||||||||
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COMMERCIAL & PROFESSIONAL SERVICES | 16,143 | 1.2 | ||||||||||||||||||
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| |||||||||||||||||||
CONSUMER DURABLES & APPAREL | ||||||||||||||||||||
37,522 | Nike, Inc (Class B) | 5,797 | 0.4 | |||||||||||||||||
Other | 14,782 | 1.1 | ||||||||||||||||||
|
| |||||||||||||||||||
20,579 | 1.5 | |||||||||||||||||||
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CONSUMER SERVICES | ||||||||||||||||||||
22,559 | McDonald’s Corp | 5,211 | 0.4 | |||||||||||||||||
Other | 24,762 | 1.8 | ||||||||||||||||||
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29,973 | 2.2 | |||||||||||||||||||
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DIVERSIFIED FINANCIALS | ||||||||||||||||||||
56,742 | * | Berkshire Hathaway, Inc (Class B) | 15,770 | 1.2 | ||||||||||||||||
Other | 52,771 | 3.9 | ||||||||||||||||||
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| |||||||||||||||||||
68,541 | 5.1 | |||||||||||||||||||
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ENERGY | ||||||||||||||||||||
58,572 | Chevron Corp | 6,135 | 0.5 | |||||||||||||||||
128,248 | Exxon Mobil Corp | 8,090 | 0.6 | |||||||||||||||||
Other | 23,029 | 1.7 | ||||||||||||||||||
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| |||||||||||||||||||
37,254 | 2.8 | |||||||||||||||||||
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FOOD & STAPLES RETAILING | ||||||||||||||||||||
13,402 | Costco Wholesale Corp | 5,303 | 0.4 | |||||||||||||||||
42,933 | Walmart, Inc | 6,054 | 0.5 | |||||||||||||||||
Other | 4,637 | 0.3 | ||||||||||||||||||
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15,994 | 1.2 | |||||||||||||||||||
|
|
10 | 2021 Semiannual Report § TIAA Separate Account VA-1 | See notes to financial statements |
Summary portfolio of investments (unaudited) | continued |
Stock Index Account § June 30, 2021
Shares | Company | Value (000) | % of net assets | |||||||||||||||||
FOOD, BEVERAGE & TOBACCO | ||||||||||||||||||||
117,722 | Coca-Cola Co | $ | 6,370 | 0.5 | % | |||||||||||||||
41,880 | PepsiCo, Inc | 6,205 | 0.5 | |||||||||||||||||
Other | 24,623 | 1.8 | ||||||||||||||||||
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37,198 | 2.8 | |||||||||||||||||||
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HEALTH CARE EQUIPMENT & SERVICES | ||||||||||||||||||||
52,583 | Abbott Laboratories | 6,096 | 0.5 | |||||||||||||||||
19,199 | Danaher Corp | 5,152 | 0.4 | |||||||||||||||||
40,615 | Medtronic plc | 5,042 | 0.4 | |||||||||||||||||
28,454 | UnitedHealth Group, Inc | 11,394 | 0.8 | |||||||||||||||||
Other | 56,390 | 4.1 | ||||||||||||||||||
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84,074 | 6.2 | |||||||||||||||||||
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HOUSEHOLD & PERSONAL PRODUCTS | ||||||||||||||||||||
73,602 | Procter & Gamble Co | 9,931 | 0.7 | |||||||||||||||||
Other | 8,115 | 0.6 | ||||||||||||||||||
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18,046 | 1.3 | |||||||||||||||||||
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INSURANCE | 26,794 | 2.0 | ||||||||||||||||||
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MATERIALS | 33,191 | 2.5 | ||||||||||||||||||
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MEDIA & ENTERTAINMENT | ||||||||||||||||||||
9,104 | * | Alphabet, Inc (Class A) | 22,230 | 1.6 | ||||||||||||||||
8,584 | * | Alphabet, Inc (Class C) | 21,514 | 1.6 | ||||||||||||||||
137,840 | Comcast Corp (Class A) | 7,860 | 0.6 | |||||||||||||||||
72,442 | * | Facebook, Inc | 25,189 | 1.9 | ||||||||||||||||
13,074 | * | Netflix, Inc | 6,906 | 0.5 | ||||||||||||||||
54,965 | * | Walt Disney Co | 9,661 | 0.7 | ||||||||||||||||
Other | 25,218 | 1.9 | ||||||||||||||||||
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| |||||||||||||||||||
118,578 | 8.8 | |||||||||||||||||||
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PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | ||||||||||||||||||||
53,459 | AbbVie, Inc | 6,022 | 0.4 | |||||||||||||||||
25,672 | Eli Lilly & Co | 5,892 | 0.4 | |||||||||||||||||
79,661 | Johnson & Johnson | 13,123 | 1.0 | |||||||||||||||||
76,681 | Merck & Co, Inc | 5,963 | 0.4 | |||||||||||||||||
168,936 | Pfizer, Inc | 6,616 | 0.5 | |||||||||||||||||
11,897 | Thermo Fisher Scientific, Inc | 6,002 | 0.4 | |||||||||||||||||
Other | 54,283 | 4.1 | ||||||||||||||||||
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97,901 | 7.2 | |||||||||||||||||||
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REAL ESTATE | 44,779 | 3.3 | ||||||||||||||||||
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RETAILING | ||||||||||||||||||||
13,124 | * | Amazon.com, Inc | 45,149 | 3.3 | ||||||||||||||||
32,545 | Home Depot, Inc | 10,378 | 0.8 | |||||||||||||||||
Other | 33,335 | 2.5 | ||||||||||||||||||
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88,862 | 6.6 | |||||||||||||||||||
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See notes to financial statements | TIAA Separate Account VA-1 § 2021 Semiannual Report | 11 |
Summary portfolio of investments (unaudited) | continued |
Stock Index Account § June 30, 2021
Shares | Company | Value (000) | % of net assets | |||||||||||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | ||||||||||||||||||||
12,082 | Broadcom, Inc | $ | 5,761 | 0.4 | % | |||||||||||||||
122,227 | Intel Corp | 6,862 | 0.5 | |||||||||||||||||
18,102 | NVIDIA Corp | 14,483 | 1.1 | |||||||||||||||||
34,131 | QUALCOMM, Inc | 4,878 | 0.4 | |||||||||||||||||
27,856 | Texas Instruments, Inc | 5,357 | 0.4 | |||||||||||||||||
Other | 31,501 | 2.3 | ||||||||||||||||||
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| |||||||||||||||||||
68,842 | 5.1 | |||||||||||||||||||
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| |||||||||||||||||||
SOFTWARE & SERVICES | ||||||||||||||||||||
19,250 | Accenture plc | 5,675 | 0.4 | |||||||||||||||||
14,475 | * | Adobe, Inc | 8,477 | 0.6 | ||||||||||||||||
26,483 | Mastercard, Inc (Class A) | 9,669 | 0.7 | |||||||||||||||||
228,118 | Microsoft Corp | 61,797 | 4.6 | |||||||||||||||||
35,584 | * | PayPal Holdings, Inc | 10,372 | 0.8 | ||||||||||||||||
26,832 | * | salesforce.com, Inc | 6,554 | 0.5 | ||||||||||||||||
51,233 | Visa, Inc (Class A) | 11,979 | 0.9 | |||||||||||||||||
Other | 83,311 | 6.1 | ||||||||||||||||||
|
| |||||||||||||||||||
197,834 | 14.6 | |||||||||||||||||||
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| |||||||||||||||||||
TECHNOLOGY HARDWARE & EQUIPMENT | ||||||||||||||||||||
475,160 | d | Apple, Inc | 65,078 | 4.8 | ||||||||||||||||
127,608 | Cisco Systems, Inc | 6,763 | 0.5 | |||||||||||||||||
Other | 17,696 | 1.3 | ||||||||||||||||||
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| |||||||||||||||||||
89,537 | 6.6 | |||||||||||||||||||
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TELECOMMUNICATION SERVICES | ||||||||||||||||||||
215,513 | AT&T, Inc | 6,202 | 0.5 | |||||||||||||||||
125,279 | Verizon Communications, Inc | 7,019 | 0.5 | |||||||||||||||||
Other | 3,925 | 0.3 | ||||||||||||||||||
|
| |||||||||||||||||||
17,146 | 1.3 | |||||||||||||||||||
|
| |||||||||||||||||||
TRANSPORTATION | 27,102 | 2.0 | ||||||||||||||||||
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| |||||||||||||||||||
UTILITIES | $ | 31,479 | 2.3 | % | ||||||||||||||||
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|
| |||||||||||||||||
TOTAL COMMON STOCKS | (Cost $394,056) | 1,337,592 | 99.0 | |||||||||||||||||
|
|
|
| |||||||||||||||||
RIGHTS / WARRANTS | ||||||||||||||||||||
ENERGY | 1 | 0.0 | ||||||||||||||||||
|
|
|
| |||||||||||||||||
TOTAL RIGHTS /WARRANTS | (Cost $0) | 1 | 0.0 | |||||||||||||||||
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|
|
|
12 | 2021 Semiannual Report § TIAA Separate Account VA-1 | See notes to financial statements |
Summary portfolio of investments (unaudited) | concluded |
Stock Index Account § June 30, 2021
Principal | Issuer | Rate | Maturity Date | Value (000) | % of net assets | |||||||||||||||||
SHORT-TERM INVESTMENTS | ||||||||||||||||||||||
GOVERNMENT AGENCY DEBT | ||||||||||||||||||||||
$6,173,000 | Federal Agricultural Mortgage Corp (FAMC) | 0.010 | % | 07/01/21 | $ | 6,173 | 0.5 | % | ||||||||||||||
5,000,000 | Federal Home Loan Bank (FHLB) | 0.025 | 07/21/21 | 5,000 | 0.3 | |||||||||||||||||
Other | 1,000 | 0.1 | ||||||||||||||||||||
|
| |||||||||||||||||||||
12,173 | 0.9 | |||||||||||||||||||||
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| |||||||||||||||||||||
Shares |
| Company | ||||||||||||||||||||
3,643,272 | c | State Street Navigator Securities Lending Government Money Market Portfolio | 0.020 | 3,643 | 0.3 | |||||||||||||||||
|
| |||||||||||||||||||||
TOTAL SHORT-TERM INVESTMENTS | (Cost $15,816) | 15,816 | 1.2 | |||||||||||||||||||
|
| |||||||||||||||||||||
TOTAL PORTFOLIO | (Cost $409,873) | 1,353,410 | 100.2 | |||||||||||||||||||
OTHER ASSETS & LIABILITIES, NET | (2,478 | ) | (0.2 | ) | ||||||||||||||||||
|
| |||||||||||||||||||||
NET ASSETS | $ | 1,350,932 | 100.0 | % | ||||||||||||||||||
|
|
* | 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 6/30/21, the aggregate value of securities on loan is $5,635,476. See Note 4 in the Notes to Financial Statements for additional information about securities lending collateral.
At 6/30/21, the aggregate value of securities exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended, is $106,393 or 0.01% of net assets. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers.
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 June 30, 2021 were as follows (notional amounts and values are in thousands):
Description | Number of long (short) contracts | Expiration date | Notional amount | Value | Unrealized appreciation (depreciation) | |||||||||||||
| ||||||||||||||||||
S&P 500 E Mini Index | 57 | 09/17/21 | $ | 12,003 | $ | 12,223 | $ | 220 | ||||||||||
|
See notes to financial statements | TIAA Separate Account VA-1 § 2021 Semiannual Report | 13 |
Statement of assets and liabilities (unaudited) |
TIAA Separate Account VA-1 § June 30, 2021
(amounts in thousands, except accumulation unit value) | Stock Index Account | |||
| ||||
ASSETS | ||||
Portfolio investments, at value*† | $ | 1,353,410 | ||
Dividends and interest receivable | 803 | |||
Receivable from securities transactions | 330 | |||
Receivable for variation margin on open futures contracts | 220 | |||
Other | 259 | |||
| ||||
Total assets | 1,355,022 | |||
| ||||
LIABILITIES | ||||
Investment management fees payable | 6 | |||
Service agreement fees payable | 7 | |||
Payable for collateral for securities loaned | 3,643 | |||
Overdraft payable | 200 | |||
Payable for manager compensation | 219 | |||
Other | 15 | |||
| ||||
Total liabilities | 4,090 | |||
| ||||
NET ASSETS | ||||
Accumulation Fund | $ | 1,350,932 | ||
| ||||
Accumulation units outstanding | 3,932 | |||
| ||||
Accumulation unit value | $ | 343.60 | ||
| ||||
* Portfolio investments, at cost | $ | 409,873 | ||
† Includes securities loaned of | $ | 5,635 |
14 | 2021 Semiannual Report § TIAA Separate Account VA-1 | See notes to financial statements |
Statement of operations (unaudited) |
TIAA Separate Account VA-1 § For the period ended June 30, 2021
(amounts in thousands) | Stock Index Account | |||
| ||||
INVESTMENT INCOME | ||||
Dividends* | $ | 7,939 | ||
Income from securities lending | 28 | |||
| ||||
Total income | 7,967 | |||
| ||||
EXPENSES | ||||
Administrative services | 1,277 | |||
Investment advisory | 1,916 | |||
Mortality and expense risk charges | 2,554 | |||
| ||||
Total expenses | 5,747 | |||
Less: Expense waiver by investment adviser | (958 | ) | ||
| ||||
Net expenses | 4,789 | |||
| ||||
Net investment income (loss) | 3,178 | |||
| ||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON TOTAL INVESTMENTS |
| |||
Realized gain (loss): | ||||
Portfolio investments | 52,191 | |||
Futures contracts | 1,021 | |||
| ||||
Net realized gain (loss) on total investments | 53,212 | |||
| ||||
Change in unrealized appreciation (depreciation) on: | ||||
Portfolio investments | 119,514 | |||
Futures contracts | 136 | |||
| ||||
Net change in unrealized appreciation (depreciation) on total investments | 119,650 | |||
| ||||
Net realized and unrealized gain (loss) on total investments | 172,862 | |||
| ||||
Net increase (decrease) in net assets from operations | $ | 176,040 | ||
| ||||
* Net of foreign withholding taxes | $ | 1 |
See notes to financial statements | TIAA Separate Account VA-1 § 2021 Semiannual Report | 15 |
Statement of changes in net assets |
TIAA Separate Account VA-1 § For the period or year ended
Stock Index Account | ||||||||
(amounts in thousands except accumulation units) | June 30, 2021 | December 31, 2020 | ||||||
| ||||||||
(unaudited) | ||||||||
OPERATIONS | ||||||||
Net investment income (loss) | $ | 3,178 | $ | 10,490 | ||||
Net realized gain (loss) on total investments | 53,212 | 65,222 | ||||||
Net change in unrealized appreciation (depreciation) on total investments | 119,650 | 126,413 | ||||||
| ||||||||
Net increase (decrease) in net assets from operations | 176,040 | 202,125 | ||||||
| ||||||||
FROM CONTRACTOWNER TRANSACTIONS | ||||||||
Premiums | 10,849 | 21,386 | ||||||
Withdrawals and death benefits | (49,517 | ) | (113,693 | ) | ||||
| ||||||||
Net increase (decrease) from contractowner transactions | (38,668 | ) | (92,307 | ) | ||||
| ||||||||
Net increase (decrease) in net assets | 137,372 | 109,818 | ||||||
NET ASSETS | ||||||||
Beginning of period | 1,213,560 | 1,103,742 | ||||||
| ||||||||
End of period | $ | 1,350,932 | $ | 1,213,560 | ||||
| ||||||||
ACCUMULATION UNITS | ||||||||
Units purchased | 34 | 92 | ||||||
Units sold / transferred | (153 | ) | (461 | ) | ||||
Outstanding | ||||||||
Beginning of period | 4,051 | 4,420 | ||||||
| ||||||||
End of period | $ | 3,932 | $ | 4,051 | ||||
|
16 | 2021 Semiannual Report § TIAA Separate Account VA-1 | See notes to financial statements |
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TIAA Separate Account VA-1 § 2021 Semiannual Report | 17 |
Financial highlights |
TIAA Separate Account VA-1
Selected per accumulation unit data |
|
|
| |||||||||||||||||||||||||||||
Gain (loss) from investment operations | ||||||||||||||||||||||||||||||||
For the period or year ended | Investment incomea | Expensesa | Net (loss)a | Net realized gain (loss) on total | Net change in accumulation unit value | Accumulation unit value beginning of period | ||||||||||||||||||||||||||
STOCK INDEX ACCOUNT |
| |||||||||||||||||||||||||||||||
6/30/21 | # | $ | 1.993 | $ | 1.198 | $ | 0.795 | $ | 43.265 | $ | 44.060 | $ | 299.540 | |||||||||||||||||||
12/31/20 | 4.350 | 1.873 | 2.477 | 47.363 | 49.840 | 249.700 | ||||||||||||||||||||||||||
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 |
# | Unaudited |
a | Based on average units outstanding. |
b | Based on per accumulation unit data. |
c | The percentages shown for this period are not annualized. |
d | The percentages shown for this period are annualized. |
18 | 2021 Semiannual Report § TIAA Separate Account VA-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 (loss) | Portfolio turnover rate | Accumulation (in millions) | Net (in millions) | |||||||||||||||||||||||||||
$343.600 | 14.71 | %c | 0.90 | %d | 0.75 | %d | 0.50 | %d | 3 | %c | $ | 4 | $ | 1,351 | ||||||||||||||||||||
299.540 | 19.96 | 0.90 | 0.75 | 0.99 | 3 | 4 | 1,214 | |||||||||||||||||||||||||||
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 |
See notes to financial statements | TIAA Separate Account VA-1 § 2021 Semiannual Report | 19 |
Notes to financial statements (unaudited) |
TIAA Separate Account VA-1
Note 1—organization
TIAA Separate Account VA-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 (“SEC”) as an open-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”).
Note 2—significant accounting policies
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.
Investments and investment income: Securities transactions are accounted for as of the trade date for financial reporting purposes. Interest income is recorded on an accrual basis and includes accretion of discounts and amortization of premiums. Dividend income is recorded on the ex-dividend date. Foreign dividend income is recorded on the ex-dividend date or as soon as possible after the Account determines the existence of a dividend declaration. Securities lending income is comprised of fees earned from borrowers and income earned on cash collateral investments. 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.
Foreign currency transactions and translation: The books and records of the Account is maintained in U.S. dollars. Assets, including investments, and liabilities denominated in foreign currencies are translated into U.S. dollars at the end of each day. Purchases and sales of securities, income, and expenses are translated into U.S. dollars at the prevailing exchange rate on the respective dates of the transactions.
20 | 2021 Semiannual Report § TIAA Separate Account VA-1 |
Net realized foreign currency gains and losses resulting from changes in exchange rates associated with (i) foreign currency, (ii) investments and (iii) derivatives include foreign currency gains and losses between trade date and settlement date of the transactions, foreign currency transactions, and the difference between the amounts of interest and dividends recorded on the books of the Account and the amounts actually received and are recognized as a component of “Net realized gain (loss) on total investments” on the Statement of operations, when applicable.
The unrealized gains and losses resulting from changes in foreign currency exchange rates and changes in foreign exchange rates associated with (i) investments and (ii) other assets and liabilities are recognized as a component of “change in Net unrealized appreciation (depreciation) of investments and foreign currency” on the Statement of operations, when applicable. The unrealized gains and losses resulting from changes in foreign exchange rates associated with investments in derivatives are recognized as a component of the respective derivative’s related “Change in net unrealized appreciation (depreciation) on total investments” on the Statement of operations, when applicable.
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.
Other matters: The outbreak of the novel coronavirus (“COVID-19”) and subsequent global pandemic began significantly impacting the U.S. and global financial markets and economies during the calendar quarter ended March 31, 2020. The worldwide spread of COVID-19 has created significant uncertainty in the global economy. The duration and extent of COVID-19 over the long term cannot be reasonably estimated at this time. The ultimate impact of COVID-19 and the extent to which COVID-19 impacts the Account’s normal course of business, results of operations, investments, and cash flows will depend on future developments, which are highly uncertain and difficult to predict. Management continues to monitor and evaluate this situation.
TIAA Separate Account VA-1 § 2021 Semiannual Report | 21 |
Notes to financial statements (unaudited) |
New accounting pronouncements: In March 2020, FASB issued Accounting Standards Update (“ASU”) 2020-04, Reference Rate Reform: Facilitation of the Effects of Reference Rate Reform on Financial Reporting. The main objective of the new guidance is to provide relief to companies that will be impacted by the expected change in benchmark interest rates, when participating banks will no longer be required to submit London Interbank Offered Rate (LIBOR) quotes by the UK Financial Conduct Authority (FCA). The new guidance allows companies to, provided the only changes to existing contracts are a change to an approved benchmark interest rate, account for modifications as a continuance of the existing contract without additional analysis. For new and existing contracts, the Account may elect to apply the amendments as of March 12, 2020 through December 31, 2022. Management has not yet elected to apply the amendments, is continuously evaluating the potential effect a discontinuation of LIBOR could have on the Funds’ investments and has currently determined that it is unlikely the ASU’s adoption will have a significant impact on the Funds’ financial statements and various filings.
New rule issuance: In December 2020, the SEC voted to adopt a new rule governing fund valuation practices. New Rule 2a-5 under the 1940 Act establishes requirements for determining fair value in good faith for purposes of the 1940 Act. Rule 2a-5 will permit fund boards to designate certain parties to perform fair value determinations, subject to board oversight and certain other conditions. Rule 2a-5 also defines when market quotations are “readily available” for purposes of Section 2(a)(41) of the 1940 Act, which requires a fund to fair value a security when market quotations are not readily available. The SEC also adopted new Rule 31a-4 under the 1940 Act, which sets forth the record keeping requirements associated with fair value determinations. Finally, the SEC is rescinding previously issued guidance on related issues, including the role of a board in determining fair value and the accounting and auditing of fund investments. Rule 2a-5 and Rule 31a-4 became effective on March 8, 2021, with a compliance date of September 8, 2022. A fund may voluntarily comply with the rules after the effective date, and in advance of the compliance date, under certain conditions. Management is currently assessing the impact of these provisions on the Account’s financial statements.
Note 3—valuation of investments
The Account’s investments in securities are recorded at their estimated fair value utilizing valuation methods approved by the Board. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. U.S. GAAP establishes the three-tier hierarchy that is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect management’s assumptions about the assumptions market
22 | 2021 Semiannual Report § TIAA Separate Account VA-1 |
continued |
participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.
• | Level 1 – Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities. |
• | Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit spreads, etc.). |
• | Level 3 – Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments). |
A description of the valuation techniques applied to the Account’s major classifications of assets and liabilities measured at fair value follows:
Debt securities: Prices of fixed-income securities are provided by an independent pricing service (“pricing service”) approved by the Board. The pricing service establishes a security’s fair value using methods that may include consideration of the following: yields or prices of investments of comparable quality, type of issue, coupon, maturity and rating, market quotes or indications of value from security dealers, evaluations of anticipated cash flows or collateral, general market conditions and other information and analysis, including the obligor’s credit characteristics considered relevant. In pricing certain securities, particularly less liquid and lower quality securities, the pricing service may consider information about a security, its issuer or market activity provided by Advisors. These securities are generally classified as Level 2.
Exchange-traded equity securities, common and preferred stock: Equity securities and exchange-traded funds 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. 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. To the extent these securities are actively traded and that valuation adjustments are not applied, they are categorized as Level 1. If there is no official close of business, then the latest available sale price is utilized. If no sales are reported, then the mean of the latest available bid and asked prices is utilized and the securities are generally classified as Level 2.
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 Board. These foreign securities are generally classified as Level 2.
TIAA Separate Account VA-1 § 2021 Semiannual Report | 23 |
Notes to financial statements (unaudited) |
Investments in registered investment companies: Investments in investment companies are valued at their respective NAVs on the valuation date and are generally classified as Level 1.
Futures contracts: Futures contracts are valued using the closing settlement price and are generally classified as Level 1.
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. As a general principle, the fair value of a security would appear to be the amount that the owner might reasonably expect to receive for it in a current sale. A variety of factors may be considered in determining the fair value of such securities, which may include consideration of the following: yields or prices of investments of comparable quality, type of issue, coupon, maturity and rating, market quotes or indications of value from security dealers, evaluations of anticipated cash flows or collateral, general market conditions and other information and analysis, including the obligor’s credit characteristics considered relevant. To the extent the inputs are observable and timely, the values would be classified as Level 2; otherwise they would be classified as Level 3.
The following table summarizes the market value of the Account’s investments as of June 30, 2021, based on the inputs used to value them (dollar amounts are in thousands):
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
| ||||||||||||||||
Corporate bonds | $ | — | $ | 1 | $ | — | $ | 1 | ||||||||
Equity investments: | ||||||||||||||||
Health care | 181,973 | — | 2 | 181,975 | ||||||||||||
Information technology | 356,213 | — | — | 356,213 | ||||||||||||
All other equity investments* | 799,405 | — | — | 799,405 | ||||||||||||
Short-term investments | 3,643 | 12,173 | — | 15,816 | ||||||||||||
Futures contracts** | 220 | — | — | 220 | ||||||||||||
| ||||||||||||||||
Total | $ | 1,341,454 | $ | 12,174 | $ | 2 | $ | 1,353,630 | ||||||||
|
* | For detailed categories, see the accompanying Summary portfolio of investments. |
** | Derivative instruments are not reflected in the market value of portfolio investments. |
Note 4—investments
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, as amended. The risk of investing in such securities is generally greater than the risk of investing in securities that are widely held and publicly traded.
24 | 2021 Semiannual Report § TIAA Separate Account VA-1 |
continued |
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 Agent or by a third-party bank engaged by the Agent as a special “tri-party” custodian on behalf of the Account, and the Account does not have the ability to sell or re-hypothecate those securities. As of June 30, 2021, 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 June 30, 2021, 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 | |||||||||||
| ||||||||||||||
$5,635 | $ | 3,643 | $ | 2,159 | $ | 5,802 | ||||||||
|
|
* | May include cash and investment of cash collateral. |
Purchases and sales: Purchases and sales of securities (other than short-term instruments) for the Account for the period ended June 30, 2021 were as follows (dollar amounts are in thousands):
Non-U.S. government purchases | Non-U.S. government sales | |||
| ||||
$32,215 | $ | 73,374 | ||
|
TIAA Separate Account VA-1 § 2021 Semiannual Report | 25 |
Notes to financial statements (unaudited) |
Note 5—derivative investments
The Account is authorized to invest in certain 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. The Account records derivative instruments at fair value, with changes in fair value recognized on the Statement of operations.
At June 30, 2021, 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 | * | $ | 220 | ||||
|
* | The fair value presented includes cumulative gain (loss) on open futures contracts; however, the value reflected on the accompanying Statements of assets and liabilities is only the receivable or payable for variation margin on open futures contracts and centrally cleared swap contracts. |
For the period ended June 30, 2021, 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 (depreciation) | |||||||||
| ||||||||||||
Equity contracts | Futures contracts | $ | 1,021 | $ | 136 | |||||||
|
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 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 period
26 | 2021 Semiannual Report § TIAA Separate Account VA-1 |
continued |
ended June 30, 2021, the Account had exposure to equity futures contracts, based on underlying notional values, generally between 0% and 1% of net assets. The futures contracts outstanding as of June 30, 2021 are disclosed in the Summary portfolio of investments and the full Schedule of investments.
Note 6—Income tax and other tax matters
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 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.
Foreign taxes: The Account may be subject to foreign taxes on income, gains on investments or currency repatriation, a portion of which may be recoverable. The Account will accrue such taxes and recoveries as applicable, based upon the current interpretation of tax rules and regulations that exist in the markets in which the Account invests.
Net unrealized appreciation (depreciation): At June 30, 2021, 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):
Account | Tax cost | Gross unrealized appreciation | Gross (depreciation) | Net unrealized (depreciation) | ||||||||||||
| ||||||||||||||||
Stock Index | $ | 410,093 | $ | 964,780 | $ | (21,243 | ) | $ | 943,537 | |||||||
|
For purposes of this disclosure, tax cost generally includes the cost of portfolio investments as well as up-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.
Note 7—investment adviser and affiliates
Teachers Advisors, LLC (“Advisors”), a wholly owned subsidiary of TIAA and a registered investment adviser, provides investment advisory services for VA-1
TIAA Separate Account VA-1 § 2021 Semiannual Report | 27 |
Notes to financial statements (unaudited) |
pursuant to an Investment Management Agreement among TIAA, Advisors and VA-1. TIAA provides all administrative services for VA-1 pursuant to an Administrative Services Agreement with VA-1. The contracts are distributed by TIAA-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 period ended June 30, 2021, these transactions did not materially impact the Account.
Note 8—inter-fund lending program
Pursuant to an exemptive order issued by the SEC, 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 period ended June 30, 2021, there were no inter-fund borrowing or lending transactions.
Note 9—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
28 | 2021 Semiannual Report § TIAA Separate Account VA-1 |
concluded |
contractowner withdrawals. The current facility was entered into on June 15, 2021 expiring on June 14, 2022, replacing the previous facility, which expired June 2021. 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 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 period ended June 30, 2021, there were no borrowings under this credit facility by the Account.
TIAA Separate Account VA-1 § 2021 Semiannual Report | 29 |
Approval of investment |
management agreement (unaudited)
Board renewal of the investment management agreement for the TIAA Separate Account VA-1
The Management Committee (the “Committee” or the “Managers”) of the TIAA Separate Account VA-1 (the “Separate Account”) determines whether to initially approve and periodically renew the investment management agreement (the “Agreement”) between Teachers Advisors, LLC (“Advisors”) and the Separate Account. Under the Agreement, Advisors is responsible for providing investment advisory services and overseeing the everyday operations and other service providers of the Separate Account. Below is a summary of the process the Committee undertook related to its most recent renewal of the Agreement.
Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), requires that, after an initial period of up to two years, the Agreement for the Separate Account will remain in effect only if the Committee, including a majority of those Managers who have no direct or indirect interest in the Agreement, and who are independent Managers because they are not “interested persons” of the Separate Account, as that term is defined in the 1940 Act, annually renews the Agreement. None of the Managers is an interested person of the Separate Account under the 1940 Act. Rather, they are all deemed to be independent Managers.
Under normal circumstances, Section 15(c) requires any initial approval or annual renewal of an investment management agreement to be made at an in-person meeting of the Committee. However, due to the COVID-19 pandemic, the Securities and Exchange Commission (“SEC”) issued a temporary, conditional exemptive order (the “SEC Order”), permitting mutual fund boards to vote to approve matters subject to the Section 15(c) in-person approval requirement at a meeting that is not held in person if the board determines that reliance on the SEC Order is necessary or appropriate due to prevailing circumstances related to the current or potential effects of COVID-19 and the board ratifies any action taken pursuant to the SEC Order at its next in-person meeting.
Overview of the renewal process
The Committee held a videoconference meeting on March 12, 2021, in order to consider the annual renewal of the Agreement with respect to the Separate Account using the process established by the Committee described further below. At the outset of the meeting, the Committee considered reliance upon the SEC Order and determined that such reliance was necessary due to, among other considerations, COVID-19 pandemic-related social distancing requirements, travel restrictions and other governmental mandates imposed for health and safety reasons. The Committee noted that it would ratify actions taken at this meeting pursuant to the SEC Order at its next in-person meeting.
As part of the Committee’s established process, the Committee delegated certain tasks to its Operations Committee. Among these tasks, the Operations Committee
30 | 2021 Semiannual Report § TIAA Separate Account VA-1 |
or certain of its designated members worked with Advisors, other Managers and legal counsel to the Managers to develop guidance and specific requests relating to the types of information to be provided to the Committee in connection with the proposed contract renewal.
Among other matters, the Operations Committee or certain of its designated members, following consultations with Advisors’ representatives, other Managers, legal counsel to the Managers and legal counsel to Advisors and the Separate Account, confirmed or established certain guidance regarding the preparation of reports to be provided to the Committee with respect to the Separate Account by the Board Reporting and Compliance unit of Broadridge Financial Solutions, Inc. (“Broadridge”), using data from Lipper, Inc., an independent provider of investment company data. The Operations Committee considered that Broadridge is widely recognized as a leading provider of comparative analyses used by independent directors and trustees of investment companies during their advisory contract review processes.
Based on guidance provided by the Operations Committee or certain of its designated members on behalf of the Committee, Broadridge produced, among other information, comparative performance and expense data for the Separate Account, including data relating to the Separate Account’s management fee rate, total expense ratio, short-term and long-term investment performance and portfolio turnover rate. Broadridge compared this data, as relevant, for the Separate Account against a universe of investment companies and against a more selective peer group of mutual funds that underlie variable insurance products with similar investment objectives and strategies, each of which was selected by Broadridge, and also compared the performance of the Separate Account against one or more appropriate broad-based indices. In each case, Broadridge summarized, and the Committee considered, the methodologies Broadridge employed to provide the data contained in its reports. In addition, Broadridge represented to the Committee that its reports were designed specifically to provide the Committee with the fee, expense and performance information that is necessary to help the Board satisfy its duties under Section 15(c) of the 1940 Act. Broadridge also represented that the purpose of its reports is to provide an objective view of the Separate Account’s relative position regarding the level of fees, expenses and performance against a competitive peer group and universe selected by Broadridge (and not Advisors or the Committee). The Committee considered the propriety of the Separate Account’s applicable peer group as selected by Broadridge.
Among other matters, the Committee also requested and received additional information from Advisors to facilitate the Managers’ evaluation of the reasonableness of any profits earned by Advisors with respect to its services to the Separate Account pursuant to the Agreement.
In advance of the Committee meeting held on March 12, 2021, legal counsel for the Managers requested on behalf of the Committee, and Advisors provided,
TIAA Separate Account VA-1 § 2021 Semiannual Report | 31 |
Approval of investment |
management agreement (unaudited)
information that was designed to assist the Committee in its consideration of whether to renew the Agreement for the Separate Account. In addition to the data provided by Broadridge as described above, this information included, but was not limited to, the following: (1) further information relating to the Separate Account’s investment performance, together with an explanation of any events that had a material impact on the Separate Account’s performance during that period; (2) a description of any fee waiver or expense reimbursement arrangements that were proposed or were in place during the prior year and the extent to which such arrangements would be continued or modified in the coming year; (3) a comparison of the Separate Account’s management fee rate and performance to any other accounts with comparable strategies managed by Advisors or certain of its affiliates; (4) any “fall-out” benefits that accrued or were identified as reasonably likely to accrue to Advisors or its affiliates due to their relationship with the Separate Account in addition to the Separate Account’s direct fee payments to Advisors pursuant to the Agreement; (5) information regarding Advisors’ financial resources, senior professional personnel, overall staffing levels, portfolio manager compensation arrangements, capacity to manage the Separate Account at current and foreseeable asset levels, insurance coverage, portfolio trading and best execution practices, and any actual and potential conflicts of interest identified by Advisors in connection with rendering services to the Separate Account; (6) information as to any profits earned by Advisors in connection with its services pursuant to the Agreement; (7) a copy of the Agreement and certain related agreements between the Separate Account and affiliates of Advisors; (8) a copy of Advisors’ Form ADV as filed with the SEC (which was presented only to legal counsel for the Managers); and (9) draft narrative explanations to be included in shareholder reports of reasons why the Committee should renew the Agreement. The Managers were also provided with performance ratings of Morningstar, Inc. (“Morningstar”), which is a widely recognized mutual fund ranking service.
On March 4, 2021, the Committee had a videoconference meeting with legal counsel to the Trustees to discuss Advisors’ materials, which led to the Managers providing additional questions to, and requesting additional information, from Advisors. Subsequently, at the March 12, 2021 meeting, the Managers were given the opportunity to, and did, ask additional questions and they discussed responses from Advisors to the Committee’s follow-up questions and requests presented by the Committee after its initial review of the information described above.
In considering whether to renew the Agreement with respect to the Separate Account, the Committee considered various factors, including: (1) the nature, extent and quality of services provided or to be provided by Advisors to the Separate Account; (2) the Separate Account’s investment performance; (3) the costs of the services provided to the Separate Account and the profits realized or potential profits to be realized (if any) by Advisors and its affiliates from their relationship with the Separate Account; (4) fees charged to comparable mutual funds by other advisers; (5) the extent to which economies of scale have been realized or are anticipated to be realized as the Separate Account grows; (6) how such economies
32 | 2021 Semiannual Report § TIAA Separate Account VA-1 |
continued |
of scale are shared with the Separate Account for the benefit of its investors, such as through management fee breakpoints; (7) comparisons of the services provided by Advisors to, and the fee rates and performance of, the Separate Account to other clients to whom Advisors provides comparable services; and (8) any other benefits identified by Advisors derived or anticipated to be derived by Advisors or its affiliates from their relationship with the Separate Account of the Committee’s review of these factors, the Committee received information from management on the impact of the COVID-19 pandemic on the Teachers Insurance and Annuity Association of America (“TIAA”) enterprise generally and the Separate Account in particular including, among other information, the current and expected impact on the Separate Account’s performance and operations. As a general matter, the Committee considered these factors, and any other factors deemed relevant by the Managers, in their totality, and no single factor was identified as being the determining factor in deciding whether to renew the Agreement.
In addition to the March 12, 2021 meeting that included Advisors’ personnel, the Managers met in executive sessions, at which no representatives of Advisors were present, to discuss the proposed renewal of the Agreement for the Separate Account. The Board also received and considered information from its legal counsel as to certain relevant guidance that relates to the renewal process under Section 15(c) of the 1940 Act and certain other legal authorities.
While the contract renewal process included a series of discussions and meetings leading up to the March 12, 2021 meeting, the oversight and evaluation of Advisors’ services to the Separate Account by the Management Committee and its Committees is an ongoing process. The Management Committee, as well as its Committees, discussed reports on various investment and operational topics that had been identified by the Management Committee or its Committees for review in the year since the last annual renewal process. Further, at their regularly scheduled meetings, the Committee and its Investment Committee and its other Committees receive and discuss information regarding the performance of the Separate Account and other matters. Thus, in reaching its decisions regarding the renewal of the Agreement for the Separate Account, the Committee took into account the information described herein and other information provided to the Management Committee and its Committees throughout the year.
In deciding whether to renew the Agreement, each Manager may have accorded different weight to different factors and, thus, each Manager may have had a different basis for his or her ultimate decision to vote to renew the Agreement. At its meeting on March 12, 2021, all Committee members voted unanimously to renew the Agreement for the Separate Account. Set forth below is a summary of the primary factors the Board considered with respect to the Separate Account.
The nature, extent and quality of services
The Committee considered the level and depth of knowledge of Advisors, including the professional experience and qualifications of its personnel. The Committee also
TIAA Separate Account VA-1 § 2021 Semiannual Report | 33 |
Approval of investment |
management agreement (unaudited)
considered that Advisors is an experienced investment adviser that has managed the Separate Account since its operations commenced. Investment professionals at Advisors also manage various funds and accounts of the College Retirement Equities Fund, the TIAA-CREF Life Funds and TIAA-CREF Funds, as well as advise and sub-advise other investment companies and vehicles. Under the Agreement, Advisors is responsible for, among other duties: managing the assets of the Separate Account, including conducting research, identifying investments and placing orders to buy and sell securities for the Separate Account’s investment portfolio; active daily monitoring of the Separate Account’s investment portfolio; reporting on the investment performance and other metrics of the Separate Account to the Committee on a regular basis; responding to Separate Account flows; and compliance monitoring. The Committee considered that Advisors has carried out these responsibilities in a competent and professional manner. The Committee also considered that Advisors has committed significant resources to supporting the Separate Account. It also considered Advisors’ compliance program and resources and its compliance record with respect to the Separate Account.
The Committee also considered, among other factors, the performance of the Separate Account, as discussed below. In addition, the Committee considered the nature and quality of non-portfolio management services provided by Advisors and its affiliates. In this regard, the Committee considered its ongoing review of the performance of certain affiliated and unaffiliated service providers, including the quality of services provided by those firms and Advisors’ oversight of those service providers and the outsourcing of certain services to other firms.
During its review, the Committee noted its ongoing efforts to examine the level of personnel and other resources available to Advisors to provide portfolio management and other services to the Separate Account, including the impact of recent and anticipated regulatory requirements and operational changes on such resources, so as to assess the adequacy of the resources devoted to these services.
Investment performance
The Committee considered the investment performance of the Separate Account over the one-, three-, five- and ten-year periods ended December 31, 2020. The Committee considered the Separate Account’s performance as compared to its peer universe of mutual funds that underlie variable insurance products (as applicable) and its benchmark index. The Committee also discussed the performance of the Separate Account before any reductions for fees and expenses. In this analysis, the Committee considered the effects of fair valuation, foreign exchange rates, effective tax rates, securities lending and class action litigation on the Separate Account’s performance as compared to the performance of its benchmark index. For details regarding the Separate Account’s performance, see the synopsis below. The Committee concluded that, under the totality of circumstances considered, the investment performance of the Separate Account was reasonable.
34 | 2021 Semiannual Report § TIAA Separate Account VA-1 |
continued |
Cost and profitability
The Committee considered financial and profitability data relating to Advisors’ services to the Separate Account for the calendar year 2020. The Committee considered Advisors’ profit calculations with respect to its services to the Separate Account. The Committee acknowledged the reasonableness of having a management fee rate which permits Advisors to maintain and improve the quality of services provided to the Separate Account and recognized the entrepreneurial and other risks assumed by Advisors in managing the Separate Account. The Committee considered that Advisors had earned a net profit with respect to the Separate Account under the Agreement for the one-year period ended December 31, 2020. The Committee concluded that the profits were reasonable in light of various relevant factors.
Fees charged by other advisers
The Committee considered comparative information regarding the Separate Account’s contractual and effective management fee rates and the contractual and effective management fee rates paid by similar mutual funds that underlie variable insurance products to other advisers, as analyzed by Broadridge and reflected in the synopsis below. In this connection, the Committee also considered the inherent limitations of such comparisons in light of uncertainty as to how the fees of such similar mutual funds are set and potentially material differences between the Separate Account and comparable mutual funds that underlie variable insurance products. For example, most similar mutual funds are offered only through other investment vehicles that also carry additional fees and expenses, whereas the Separate Account bears certain of these expenses itself. Another limitation noted by the Committee was Broadridge’s treatment of all fund fee waivers, regardless of their type, as management fee waivers, which could materially impact how the Separate Account’s actual management fee rate compares to those of similar mutual funds that underlie variable insurance products. Additionally, the Committee considered the potential limitations of such comparisons due to, among other factors, the fact that, in many instances, Broadridge based its comparisons on financial data relating to fiscal periods that differed from the period for which the Separate Account’s data were derived. Based on all factors considered, the Committee concluded that the management fee rate under the Agreement was reasonable in relation to those charged by appropriate groups of comparable mutual funds that underlie variable insurance products.
Economies of scale
The Committee considered whether Advisors has experienced or is anticipated to experience economies of scale in connection with the operation of the Separate Account. The Committee also considered that, because Advisors represented that its profit was relatively small and the Separate Account was unlikely to grow because it is no longer actively sold, there was little opportunity to pass economies
TIAA Separate Account VA-1 § 2021 Semiannual Report | 35 |
Approval of investment |
management agreement (unaudited)
of scale on to Separate Account shareholders. Based on all factors considered, the Committee concluded that the Separate Account’s management fee rate schedule was reasonable in light of current economies of scale considerations and current asset level.
Fee and performance comparisons with other Advisors clients
The Committee considered that Advisors and its affiliate, TIAA-CREF Investment Management, LLC, provide investment management services to other investment companies, including foreign funds (UCITS), and separately managed accounts that may have similar investment strategies as the Separate Account. The Committee considered the management fee rates and the performance of such companies and accounts. The Committee also considered Advisors’ comments that, in the future, Advisors may manage client assets through additional funds and accounts with similar investment strategies. The Committee also considered Advisors’ representation that, while the management fee rate charged to the Separate Account may differ from the management fee rates chargeable to these other funds and other accounts, this may be due in part to the fact that these other funds and accounts may: (1) be offered through products that charge additional fees to their investors; (2) be offered in different types of markets; (3) be provided with different types or levels of services; (4) have different regulatory burdens; (5) target different investors; and/or (6) be packaged with other products, and that these factors, among others, could reasonably explain different management fee rate schedules.
Other benefits
The Committee also considered additional “fall-out benefits” to Advisors and its affiliates arising from the Agreement. Such benefits include, among others, other fees paid by the Separate Account to Advisors or its affiliates for other services, such as administration, and investment-related benefits, such as economies of scale, to the extent the Separate Account shares investment resources and/or personnel with other clients of Advisors. Advisors and its affiliates may also benefit from the level of business and relationships the Separate Account has with certain service providers. Also, Advisors and its affiliates may benefit from their relationship with the Separate Account to the extent that this relationship results in potential investors viewing TIAA, of which Advisors is an indirect, wholly-owned subsidiary, as a leading retirement plan provider in the academic and non-profit markets and as a single source for all their financial service needs.
Synopsis of factors
The Committee considered the following specific factors (among others) in connection with its determination to renew the Agreement with respect to the Separate Account. If the Separate Account is described in the following discussions as being in the “1st” quintile, it is in the best of five groups (that is, the group has the best performance or the lowest expenses, as the case may be). References
36 | 2021 Semiannual Report § TIAA Separate Account VA-1 |
concluded |
below to quintiles are based on data provided to the Committee in the reports prepared by Broadridge. All time periods referenced below are ended December 31, 2020. Under the Morningstar rating system, an Overall Morningstar Rating of 5 stars is the highest (best) rating category and 1 star is the lowest (worst) rating category. The Morningstar data is as of December 31, 2020. The statement below regarding “net profit” refers to Advisors’ calculation that it earned a profit for the services that it rendered to the Separate Account during 2020 under the Agreement.
• | The Separate Account’s annual contractual investment management fee rate is 0.30% of average daily net assets, but is waived by Advisors to an annual fee of 0.15% of average daily net assets. |
• | The Separate Account’s total expense ratio, actual investment management fee rate and contractual investment management fee rate were in the 5th, 1st and 1st quintiles of the group of comparable funds selected by Broadridge for expense comparison purposes, respectively, and were 4th, 1st and 1st quintiles of the universe of comparable funds selected by Broadridge for expense comparison purposes, respectively. |
• | For the three-year period, the Separate Account’s adjusted relative gross performance (meaning the Separate Account’s performance without any reductions for fees or expenses and excluding the effects of fair valuation, foreign exchange, effective tax rates, securities lending and class action recoveries) was the same as compared to its benchmark, the Russell 3000® Index. |
• | The Separate Account received an Overall Morningstar Rating of 5 stars. |
• | Advisors calculated that it earned a net profit with respect to its services to the Separate Account for the one-year period. |
Based primarily on the foregoing factors and considerations, the Committee renewed the Agreement for the Separate Account.
TIAA Separate Account VA-1 § 2021 Semiannual Report | 37 |
Liquidity risk management program (unaudited) |
Discussion of the operation and effectiveness of the separate account’s liquidity risk management program
In compliance with Rule 22e-4 under the Investment Company Act of 1940, as amended (the “Liquidity Rule”), the separate account covered by this Report (the “separate account”) has adopted and implemented a liquidity risk management program (the “Program”), which is reasonably designed to assess and manage the separate account’s liquidity risk. The Program consists of various provisions relating to assessing and managing the separate account’s liquidity risk, as discussed further below. The separate account’s Management Committee (the “Management Committee”) previously approved the designation of Advisors (the “Administrator”) as Program administrator. The Liquidity Monitoring and Analysis Team (the “LMAT”) carries out day-to-day Program management with oversight by the Liquidity Oversight Committee (the “LOSC”). Personnel from the Administrator and Nuveen Fund Advisors, LLC, an affiliate of the Administrator, comprise the LMAT and LOSC.
At a February 9, 2021 Management Committee meeting, the Administrator provided the Management Committee with a written report addressing the Program’s operation, adequacy, and effectiveness of implementation for the period from January 1, 2020 through December 31, 2020 (the “Review Period”), as required under the Liquidity Rule. The report noted that the Program has been and continues to be adequately and effectively implemented to monitor and (as applicable) respond to the separate account’s liquidity developments.
In accordance with the Program, the LMAT assesses the separate account’s liquidity risk no less frequently than annually based on various factors, such as (i) the separate account’s investment strategy and the liquidity of portfolio investments, (ii) cash flow projections, and (iii) holdings of cash and cash equivalents and borrowing arrangements and other funding sources. Certain factors are considered under both normal and reasonably foreseeable stressed conditions.
Separate account portfolio investments are classified into one of four liquidity categories (including “highly liquid investments” and “illiquid investments,” discussed below). The classification is based on a determination of how long it is reasonably expected to take to convert the investment into cash, or sell or dispose of the investment, in current market conditions without significantly changing the market value of the investment. Liquidity classification determinations take into account various market, trading, and investment-specific considerations, as well as market depth, and utilize third-party vendor data.
If the separate account does not primarily hold highly liquid investments it must, among other things, determine a minimum percentage of separate account net assets that must be invested in highly liquid investments (a “Highly Liquid Investment Minimum”). During the Review Period, the separate account primarily held highly liquid investments and therefore was exempt from the requirement to adopt a Highly Liquid Investment Minimum and to comply with the related requirements under the Liquidity Rule.
38 | 2021 Semiannual Report § TIAA Separate Account VA-1 |
The Liquidity Rule also limits the separate account’s investments in illiquid investments. Specifically, the Liquidity Rule prohibits acquisition of illiquid investments if doing so would result in the separate account holding more than 15% of its net assets in illiquid investments and requires certain reporting anytime the separate account’s holdings of illiquid investments exceed 15% of net assets. During the Review Period, the separate account did not exceed the 15% limit on illiquid investments.
TIAA Separate Account VA-1 § 2021 Semiannual Report | 39 |
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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 call 800-223-1200. 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. TIAA-CREF Individual & Institutional Services, LLC, member FINRA, distributes securities products. TIAA Separate Account VA-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 for informational or educational purposes only and does not constitute fiduciary investment advice under ERISA, a securities recommendation under all securities laws, or an insurance product recommendation under state insurance laws or regulations. This material does not take into account any specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should be made based on the investor’s own objectives and circumstances.
©2021 Teachers Insurance and Annuity Association of America–College Retirement Equities Fund,
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Item 2. Code of Conduct.
Not applicable.
Item 3. Audit Committee Financial Expert.
Not applicable.
Item 4. Principal Accountant Fees and Services.
Not applicable.
Item 5. Audit Committee of Listed Registrants.
Not Applicable.
Item 6. Schedule of Investments.
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
TIAA SEPARATE ACCOUNT VA-1
STOCK INDEX ACCOUNT
SCHEDULE OF INVESTMENTS (unaudited)
June 30, 2021
PRINCIPAL | ISSUER | RATE | MATURITY DATE | VALUE (000) | ||||||||||||
BONDS - 0.0% | ||||||||||||||||
CORPORATE BONDS - 0.0% | ||||||||||||||||
DIVERSIFIED FINANCIALS - 0.0% | ||||||||||||||||
$362 | GAMCO Investors, Inc | 4.000 | % | 06/15/23 | $ | 1 | ||||||||||
|
| |||||||||||||||
TOTAL DIVERSIFIED FINANCIALS | 1 | |||||||||||||||
|
| |||||||||||||||
TOTAL CORPORATE BONDS | 1 | |||||||||||||||
|
| |||||||||||||||
(Cost $1) | ||||||||||||||||
TOTAL BONDS | 1 | |||||||||||||||
|
| |||||||||||||||
(Cost $1) |
SHARES | COMPANY | |||||||
COMMON STOCKS - 99.0% | ||||||||
AUTOMOBILES & COMPONENTS - 1.8% | ||||||||
2,741 | * | Adient plc | 124 | |||||
3,248 | * | American Axle & Manufacturing Holdings, Inc | 34 | |||||
8,227 | * | Aptiv plc | 1,294 | |||||
801 | *,e | Arcimoto, Inc | 14 | |||||
7,491 | BorgWarner, Inc | 364 | ||||||
2,224 | *,e | Canoo, Inc | 22 | |||||
444 | * | Cooper-Standard Holding, Inc | 13 | |||||
4,034 | Dana Inc | 96 | ||||||
653 | * | Dorman Products, Inc | 68 | |||||
4,705 | *,e | Fisker, Inc | 91 | |||||
118,867 | * | Ford Motor Co | 1,766 | |||||
1,312 | * | Fox Factory Holding Corp | 204 | |||||
41,152 | * | General Motors Co | 2,435 | |||||
7,649 | Gentex Corp | 253 | ||||||
1,199 | * | Gentherm, Inc | 85 | |||||
8,699 | * | Goodyear Tire & Rubber Co | 149 | |||||
4,645 | Harley-Davidson, Inc | 213 | ||||||
851 | LCI Industries, Inc | 112 | ||||||
1,758 | Lear Corp | 308 | ||||||
3,298 | *,e | Lordstown Motors Corp | 36 | |||||
1,945 | * | Modine Manufacturing Co | 32 | |||||
670 | * | Motorcar Parts of America, Inc | 15 | |||||
687 | Patrick Industries, Inc | 50 | ||||||
3,470 | * | QuantumScape Corp | 101 | |||||
843 | Standard Motor Products, Inc | 37 | ||||||
1,055 | * | Stoneridge, Inc | 31 | |||||
1,943 | * | Tenneco, Inc | 38 | |||||
23,488 | * | Tesla, Inc | 15,965 | |||||
1,549 | Thor Industries, Inc | 175 | ||||||
759 | * | Visteon Corp | 92 | |||||
1,048 | Winnebago Industries, Inc | 71 | ||||||
3,711 | *,e | Workhorse Group, Inc | 62 | |||||
970 | * | XL Fleet Corp | 8 | |||||
518 | * | XPEL, Inc | 43 | |||||
|
| |||||||
TOTAL AUTOMOBILES & COMPONENTS | 24,401 | |||||||
|
| |||||||
BANKS - 4.4% | ||||||||
625 | 1st Source Corp | 29 | ||||||
444 | Allegiance Bancshares, Inc | 17 |
1
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
521 | Altabancorp | $ | 23 | |||||
667 | * | Amerant Bancorp Inc | 14 | |||||
374 | American National Bankshares, Inc | 12 | ||||||
2,080 | Ameris Bancorp | 105 | ||||||
437 | Arrow Financial Corp | 16 | ||||||
4,158 | Associated Banc-Corp | 85 | ||||||
706 | * | Atlantic Capital Bancshares, Inc | 18 | |||||
2,758 | Atlantic Union Bankshares Corp | 100 | ||||||
2,090 | * | Axos Financial, Inc | 97 | |||||
1,598 | Banc of California, Inc | 28 | ||||||
666 | Bancfirst Corp | 42 | ||||||
3,345 | BancorpSouth Bank | 95 | ||||||
178 | Bank First Corp | 12 | ||||||
228,256 | Bank of America Corp | 9,411 | ||||||
1,195 | Bank of Hawaii Corp | 101 | ||||||
468 | Bank of Marin Bancorp | 15 | ||||||
1,429 | Bank of NT Butterfield & Son Ltd | 51 | ||||||
3,528 | Bank OZK | 149 | ||||||
3,175 | BankUnited | 136 | ||||||
887 | Banner Corp | 48 | ||||||
622 | Bar Harbor Bankshares | 18 | ||||||
1,245 | Berkshire Hills Bancorp, Inc | 34 | ||||||
1,053 | BOK Financial Corp | 91 | ||||||
3,231 | Boston Private Financial Holdings, Inc | 48 | ||||||
2,984 | Brookline Bancorp, Inc | 45 | ||||||
630 | Bryn Mawr Bank Corp | 27 | ||||||
313 | Business First Bancshares, Inc | 7 | ||||||
241 | Byline Bancorp, Inc | 5 | ||||||
3,579 | Cadence BanCorp | 75 | ||||||
135 | Cambridge Bancorp | 11 | ||||||
613 | Camden National Corp | 29 | ||||||
447 | Capital City Bank Group, Inc | 12 | ||||||
3,828 | Capitol Federal Financial | 45 | ||||||
314 | Capstar Financial Holdings, Inc | 6 | ||||||
550 | * | Carter Bankshares, Inc | 7 | |||||
2,040 | Cathay General Bancorp | 80 | ||||||
654 | CBTX, Inc | 18 | ||||||
1,125 | Central Pacific Financial Corp | 29 | ||||||
152 | Century Bancorp, Inc | 17 | ||||||
2,767 | CIT Group, Inc | 143 | ||||||
62,562 | Citigroup, Inc | 4,426 | ||||||
533 | Citizens & Northern Corp | 13 | ||||||
13,262 | Citizens Financial Group, Inc | 608 | ||||||
194 | City Holding Co | 15 | ||||||
377 | Civista Bancshares, Inc | 8 | ||||||
498 | CNB Financial Corp | 11 | ||||||
2,723 | Columbia Banking System, Inc | 105 | ||||||
1,738 | * | Columbia Financial, Inc | 30 | |||||
3,928 | Comerica, Inc | 280 | ||||||
3,398 | Commerce Bancshares, Inc | 253 | ||||||
1,925 | Community Bank System, Inc | 146 | ||||||
651 | Community Trust Bancorp, Inc | 26 | ||||||
1,146 | ConnectOne Bancorp, Inc | 30 | ||||||
1,466 | * | CrossFirst Bankshares, Inc | 20 | |||||
1,926 | Cullen/Frost Bankers, Inc | 216 | ||||||
513 | * | Customers Bancorp, Inc | 20 | |||||
4,043 | CVB Financial Corp | 83 | ||||||
1,541 | Dime Community Bancshares, Inc | 52 | ||||||
1,035 | Eagle Bancorp, Inc | 58 | ||||||
4,494 | East West Bancorp, Inc | 322 | ||||||
4,805 | Eastern Bankshares, Inc | 99 | ||||||
314 | Enterprise Bancorp, Inc | 10 | ||||||
828 | Enterprise Financial Services Corp | 38 | ||||||
402 | * | Equity Bancshares, Inc | 12 |
2
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
3,325 | Essent Group Ltd | $ | 149 | |||||
1,013 | Farmers National Banc Corp | 16 | ||||||
621 | FB Financial Corp | 23 | ||||||
120 | Federal Agricultural Mortgage Corp | 12 | ||||||
21,714 | Fifth Third Bancorp | 830 | ||||||
527 | Financial Institutions, Inc | 16 | ||||||
1,088 | First Bancorp | 45 | ||||||
6,201 | First Bancorp | 74 | ||||||
498 | First Bancorp, Inc | 15 | ||||||
322 | First Bancshares, Inc | 12 | ||||||
603 | First Bank | 8 | ||||||
1,476 | First Busey Corp | 36 | ||||||
195 | First Citizens Bancshares, Inc (Class A) | 162 | ||||||
3,678 | First Commonwealth Financial Corp | 52 | ||||||
680 | First Community Bancshares, Inc | 20 | ||||||
2,544 | First Financial Bancorp | 60 | ||||||
4,390 | First Financial Bankshares, Inc | 216 | ||||||
384 | First Financial Corp | 16 | ||||||
1,098 | First Foundation, Inc | 25 | ||||||
4,467 | First Hawaiian, Inc | 127 | ||||||
17,936 | First Horizon National Corp | 310 | ||||||
228 | First Internet Bancorp | 7 | ||||||
951 | First Interstate Bancsystem, Inc | 40 | ||||||
1,580 | First Merchants Corp | 66 | ||||||
380 | First Mid-Illinois Bancshares, Inc | 15 | ||||||
2,629 | First Midwest Bancorp, Inc | 52 | ||||||
862 | First of Long Island Corp | 18 | ||||||
5,189 | First Republic Bank | 971 | ||||||
1,199 | Flagstar Bancorp, Inc | 51 | ||||||
1,083 | Flushing Financial Corp | 23 | ||||||
9,554 | FNB Corp | 118 | ||||||
4,859 | Fulton Financial Corp | 77 | ||||||
903 | German American Bancorp, Inc | 34 | ||||||
2,999 | Glacier Bancorp, Inc | 165 | ||||||
412 | Great Southern Bancorp, Inc | 22 | ||||||
1,353 | Great Western Bancorp, Inc | 44 | ||||||
302 | Guaranty Bancshares, Inc | 10 | ||||||
2,028 | Hancock Whitney Corp | 90 | ||||||
1,297 | Hanmi Financial Corp | 25 | ||||||
728 | HarborOne Northeast Bancorp, Inc | 10 | ||||||
953 | Heartland Financial USA, Inc | 45 | ||||||
1,355 | Heritage Commerce Corp | 15 | ||||||
1,150 | Heritage Financial Corp | 29 | ||||||
2,221 | Hilltop Holdings, Inc | 81 | ||||||
57 | Hingham Institution for Savings | 17 | ||||||
238 | Home Bancorp, Inc | 9 | ||||||
4,557 | Home Bancshares, Inc | 112 | ||||||
698 | HomeStreet, Inc | 28 | ||||||
667 | HomeTrust Bancshares, Inc | 19 | ||||||
2,725 | Hope Bancorp, Inc | 39 | ||||||
1,209 | Horizon Bancorp | 21 | ||||||
323 | * | Howard Bancorp, Inc | 5 | |||||
44,137 | Huntington Bancshares, Inc | 630 | ||||||
1,238 | Independent Bank Corp (MA) | 93 | ||||||
863 | Independent Bank Corp (MI) | 19 | ||||||
1,089 | Independent Bank Group, Inc | 81 | ||||||
1,089 | International Bancshares Corp | 47 | ||||||
6,650 | Investors Bancorp, Inc | 95 | ||||||
91,011 | JPMorgan Chase & Co | 14,156 | ||||||
1,623 | Kearny Financial Corp | 19 | ||||||
30,011 | Keycorp | 620 | ||||||
1,629 | Lakeland Bancorp, Inc | 28 | ||||||
976 | Lakeland Financial Corp | 60 | ||||||
833 | Live Oak Bancshares, Inc | 49 |
3
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
4,010 | M&T Bank Corp | $ | 583 | |||||
1,072 | Macatawa Bank Corp | 9 | ||||||
640 | Mercantile Bank Corp | 19 | ||||||
573 | Merchants Bancorp | 22 | ||||||
1,997 | Meridian Bancorp, Inc | 41 | ||||||
1,035 | Meta Financial Group, Inc | 52 | ||||||
229 | * | Metropolitan Bank Holding Corp | 14 | |||||
9,342 | MGIC Investment Corp | 127 | ||||||
582 | Midland States Bancorp, Inc | 15 | ||||||
406 | MidWestOne Financial Group, Inc | 12 | ||||||
1,931 | * | Mr Cooper Group, Inc | 64 | |||||
180 | MVB Financial Corp | 8 | ||||||
984 | National Bank Holdings Corp | 37 | ||||||
1,661 | NBT Bancorp, Inc | 60 | ||||||
13,791 | New York Community Bancorp, Inc | 152 | ||||||
301 | * | Nicolet Bankshares, Inc | 21 | |||||
2,265 | * | NMI Holdings, Inc | 51 | |||||
1,643 | Northfield Bancorp, Inc | 27 | ||||||
280 | Northrim BanCorp, Inc | 12 | ||||||
2,083 | Northwest Bancshares, Inc | 28 | ||||||
1,583 | OceanFirst Financial Corp | 33 | ||||||
214 | * | Ocwen Financial Corp | 7 | |||||
1,902 | OFG Bancorp | 42 | ||||||
4,858 | Old National Bancorp | 86 | ||||||
1,237 | Old Second Bancorp, Inc | 15 | ||||||
568 | Origin Bancorp, Inc | 24 | ||||||
297 | Orrstown Financial Services, Inc | 7 | ||||||
2,232 | Pacific Premier Bancorp, Inc | 94 | ||||||
3,679 | PacWest Bancorp | 151 | ||||||
529 | Park National Corp | 62 | ||||||
696 | PCSB Financial Corp | 13 | ||||||
642 | Peapack Gladstone Financial Corp | 20 | ||||||
970 | PennyMac Financial Services, Inc | 60 | ||||||
595 | Peoples Bancorp, Inc | 18 | ||||||
333 | Peoples Financial Services Corp | 14 | ||||||
12,816 | People’s United Financial, Inc | 220 | ||||||
2,403 | Pinnacle Financial Partners, Inc | 212 | ||||||
12,901 | PNC Financial Services Group, Inc | 2,461 | ||||||
2,663 | Popular, Inc | 200 | ||||||
510 | Preferred Bank | 32 | ||||||
471 | Premier Financial Bancorp, Inc | 8 | ||||||
1,415 | Premier Financial Corp | 40 | ||||||
454 | Primis Financial Corp | 7 | ||||||
2,597 | Prosperity Bancshares, Inc | 186 | ||||||
339 | Provident Bancorp Inc | 6 | ||||||
1,243 | Provident Financial Services, Inc | 28 | ||||||
472 | QCR Holdings, Inc | 23 | ||||||
5,940 | Radian Group, Inc | 132 | ||||||
475 | RBB Bancorp | 12 | ||||||
30,211 | Regions Financial Corp | 610 | ||||||
254 | Reliant Bancorp Inc | 7 | ||||||
1,629 | Renasant Corp | 65 | ||||||
364 | Republic Bancorp, Inc (Class A) | 17 | ||||||
1,873 | * | Republic First Bancorp, Inc | 7 | |||||
3,914 | e | Rocket Cos, Inc | 76 | |||||
166 | S&T Bancorp, Inc | 5 | ||||||
1,200 | Sandy Spring Bancorp, Inc | 53 | ||||||
1,542 | Seacoast Banking Corp of Florida | 53 | ||||||
1,315 | ServisFirst Bancshares, Inc | 89 | ||||||
370 | Sierra Bancorp | 9 | ||||||
1,749 | Signature Bank | 430 | ||||||
683 | * | Silvergate Capital Corp | 77 | |||||
2,996 | Simmons First National Corp (Class A) | 88 | ||||||
275 | SmartFinancial, Inc | 7 |
4
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
2,293 | South State Corp | $ | 187 | |||||
228 | * | Southern First Bancshares, Inc | 12 | |||||
231 | Southern Missouri Bancorp, Inc | 10 | ||||||
1,068 | Southside Bancshares, Inc | 41 | ||||||
5,659 | Sterling Bancorp | 140 | ||||||
922 | Stock Yards Bancorp, Inc | 47 | ||||||
394 | Summit Financial Group, Inc | 9 | ||||||
1,603 | * | SVB Financial Group | 892 | |||||
4,436 | Synovus Financial Corp | 195 | ||||||
1,428 | * | Texas Capital Bancshares, Inc | 91 | |||||
1,044 | TFS Financial Corp | 21 | ||||||
1,514 | * | The Bancorp, Inc | 35 | |||||
131 | Tompkins Financial Corp | 10 | ||||||
1,266 | Towne Bank | 39 | ||||||
240 | Trico Bancshares | 10 | ||||||
943 | * | Tristate Capital Holdings, Inc | 19 | |||||
657 | * | Triumph Bancorp, Inc | 49 | |||||
40,805 | Truist Financial Corp | 2,265 | ||||||
671 | TrustCo Bank Corp NY | 23 | ||||||
2,619 | Trustmark Corp | 81 | ||||||
1,468 | UMB Financial Corp | 137 | ||||||
6,954 | Umpqua Holdings Corp | 128 | ||||||
4,338 | United Bankshares, Inc | 158 | ||||||
2,711 | United Community Banks, Inc | 87 | ||||||
1,012 | Univest Financial Corp | 27 | ||||||
40,809 | US Bancorp | 2,325 | ||||||
706 | UWM Holdings Corp | 6 | ||||||
9,879 | Valley National Bancorp | 133 | ||||||
1,101 | Veritex Holdings, Inc | 39 | ||||||
936 | Walker & Dunlop, Inc | 98 | ||||||
1,239 | Washington Federal, Inc | 39 | ||||||
581 | Washington Trust Bancorp, Inc | 30 | ||||||
1,032 | Waterstone Financial, Inc | 20 | ||||||
2,690 | Webster Financial Corp | 143 | ||||||
124,223 | Wells Fargo & Co | 5,626 | ||||||
1,747 | WesBanco, Inc | 62 | ||||||
597 | West Bancorporation, Inc | 17 | ||||||
1,024 | Westamerica Bancorporation | 59 | ||||||
3,061 | Western Alliance Bancorp | 284 | ||||||
1,926 | Wintrust Financial Corp | 146 | ||||||
1,727 | WSFS Financial Corp | 80 | ||||||
5,325 | Zions Bancorporation | 281 | ||||||
|
| |||||||
TOTAL BANKS | 59,872 | |||||||
|
| |||||||
CAPITAL GOODS - 6.2% | ||||||||
17,295 | 3M Co | 3,435 | ||||||
4,065 | A.O. Smith Corp | 293 | ||||||
1,275 | Aaon, Inc | 80 | ||||||
981 | * | AAR Corp | 38 | |||||
1,096 | Acuity Brands, Inc | 205 | ||||||
1,712 | Advanced Drainage Systems, Inc | 200 | ||||||
4,342 | * | Aecom Technology Corp | 275 | |||||
2,167 | Aerojet Rocketdyne Holdings, Inc | 105 | ||||||
721 | * | Aerovironment, Inc | 72 | |||||
1,773 | AGCO Corp | 231 | ||||||
1,926 | * | AgEagle Aerial Systems, Inc | 10 | |||||
3,064 | Air Lease Corp | 128 | ||||||
374 | Alamo Group, Inc | 57 | ||||||
1,111 | Albany International Corp (Class A) | 99 | ||||||
2,799 | Allegion plc | 390 | ||||||
307 | Allied Motion Technologies, Inc | 11 | ||||||
3,239 | Allison Transmission Holdings, Inc | 129 | ||||||
2,097 | Altra Industrial Motion Corp | 136 | ||||||
909 | * | Ameresco, Inc | 57 |
5
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
706 | * | American Superconductor Corp | $ | 12 | ||||
568 | * | American Woodmark Corp | 46 | |||||
7,033 | Ametek, Inc | 939 | ||||||
5,093 | *,g | API Group Corp | 106 | |||||
449 | Apogee Enterprises, Inc | 18 | ||||||
1,410 | Applied Industrial Technologies, Inc | 128 | ||||||
1,220 | Arcosa, Inc | 72 | ||||||
555 | Argan, Inc | 27 | ||||||
1,331 | Armstrong World Industries, Inc | 143 | ||||||
3,616 | * | Array Technologies, Inc | 56 | |||||
823 | Astec Industries, Inc | 52 | ||||||
810 | * | Astronics Corp | 14 | |||||
1,320 | * | Atkore International Group, Inc | 94 | |||||
1,963 | * | Axon Enterprise, Inc | 347 | |||||
2,980 | * | AZEK Co, Inc | 127 | |||||
922 | AZZ, Inc | 48 | ||||||
1,516 | * | Babcock & Wilcox Enterprises, Inc | 12 | |||||
1,344 | Barnes Group, Inc | 69 | ||||||
1,298 | * | Beacon Roofing Supply, Inc | 69 | |||||
247 | *,e | Beam Global | 9 | |||||
4,152 | * | Bloom Energy Corp | 112 | |||||
278 | * | Blue Bird Corp | 7 | |||||
224 | * | BlueLinx Holdings, Inc | 11 | |||||
16,215 | * | Boeing Co | 3,884 | |||||
1,276 | Boise Cascade Co | 74 | ||||||
6,312 | * | Builders FirstSource, Inc | 269 | |||||
2,889 | BWX Technologies, Inc | 168 | ||||||
276 | * | Byrna Technologies, Inc | 6 | |||||
883 | Caesarstone Sdot-Yam Ltd | 13 | ||||||
520 | CAI International, Inc | 29 | ||||||
1,555 | Carlisle Cos, Inc | 298 | ||||||
26,336 | Carrier Global Corp | 1,280 | ||||||
16,606 | Caterpillar, Inc | 3,614 | ||||||
3,478 | * | ChargePoint Holdings, Inc | 121 | |||||
1,052 | * | Chart Industries, Inc | 154 | |||||
647 | * | CIRCOR International, Inc | 21 | |||||
3,463 | * | Colfax Corp | 159 | |||||
840 | Columbus McKinnon Corp | 41 | ||||||
929 | Comfort Systems USA, Inc | 73 | ||||||
723 | * | Commercial Vehicle Group, Inc | 8 | |||||
714 | * | Construction Partners Inc | 22 | |||||
1,570 | * | Cornerstone Building Brands, Inc | 29 | |||||
1,416 | Crane Co | 131 | ||||||
302 | CSW Industrials, Inc | 36 | ||||||
4,440 | Cummins, Inc | 1,083 | ||||||
1,242 | Curtiss-Wright Corp | 148 | ||||||
8,545 | Deere & Co | 3,014 | ||||||
2,395 | * | Desktop Metal, Inc | 28 | |||||
3,888 | Donaldson Co, Inc | 247 | ||||||
932 | Douglas Dynamics, Inc | 38 | ||||||
4,220 | Dover Corp | 636 | ||||||
485 | * | Ducommun, Inc | 26 | |||||
567 | * | DXP Enterprises, Inc | 19 | |||||
952 | * | Dycom Industries, Inc | 71 | |||||
12,117 | Eaton Corp | 1,795 | ||||||
1,559 | EMCOR Group, Inc | 192 | ||||||
18,148 | Emerson Electric Co | 1,747 | ||||||
703 | Encore Wire Corp | 53 | ||||||
1,368 | * | Energy Recovery, Inc | 31 | |||||
2,301 | Enerpac Tool Group Corp | 61 | ||||||
1,385 | EnerSys | 135 | ||||||
830 | EnPro Industries, Inc | 81 | ||||||
466 | * | Eos Energy Enterprises, Inc | 8 | |||||
605 | ESCO Technologies, Inc | 57 |
6
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
137 | * | EVI Industries, Inc | $ | 4 | ||||
3,291 | * | Evoqua Water Technologies Corp | 111 | |||||
17,571 | Fastenal Co | 914 | ||||||
2,079 | Federal Signal Corp | 84 | ||||||
4,459 | Flowserve Corp | 180 | ||||||
4,273 | * | Fluor Corp | 76 | |||||
9,377 | Fortive Corp | 654 | ||||||
4,259 | Fortune Brands Home & Security, Inc | 424 | ||||||
1,207 | Franklin Electric Co, Inc | 97 | ||||||
9,739 | * | FuelCell Energy, Inc | 87 | |||||
1,403 | * | Gates Industrial Corp plc | 25 | |||||
1,053 | GATX Corp | 93 | ||||||
1,861 | * | Generac Holdings, Inc | 773 | |||||
7,673 | General Dynamics Corp | 1,445 | ||||||
264,816 | General Electric Co | 3,564 | ||||||
1,066 | * | Gibraltar Industries, Inc | 81 | |||||
461 | Global Industrial Co | 17 | ||||||
922 | * | GMS, Inc | 44 | |||||
678 | Gorman-Rupp Co | 23 | ||||||
5,055 | Graco, Inc | 383 | ||||||
5,120 | GrafTech International Ltd | 59 | ||||||
1,628 | Granite Construction, Inc | 68 | ||||||
2,253 | * | Great Lakes Dredge & Dock Corp | 33 | |||||
1,065 | Greenbrier Cos, Inc | 46 | ||||||
1,120 | Griffon Corp | 29 | ||||||
1,293 | H&E Equipment Services, Inc | 43 | ||||||
1,386 | HEICO Corp | 193 | ||||||
2,279 | HEICO Corp (Class A) | 283 | ||||||
922 | Helios Technologies, Inc | 72 | ||||||
866 | * | Herc Holdings, Inc | 97 | |||||
2,664 | * | Hexcel Corp | 166 | |||||
1,992 | Hillenbrand, Inc | 88 | ||||||
21,055 | Honeywell International, Inc | 4,618 | ||||||
12,101 | * | Howmet Aerospace, Inc | 417 | |||||
1,612 | Hubbell, Inc | 301 | ||||||
1,040 | Huntington Ingalls | 219 | ||||||
253 | * | Hydrofarm Holdings Group, Inc | 15 | |||||
3,375 | *,e | Hyliion Holdings Corp | 39 | |||||
404 | Hyster-Yale Materials Handling, Inc | 29 | ||||||
2,293 | IDEX Corp | 505 | ||||||
298 | * | IES Holdings, Inc | 15 | |||||
9,640 | Illinois Tool Works, Inc | 2,155 | ||||||
574 | * | Infrastructure and Energy Alternatives, Inc | 7 | |||||
10,828 | * | Ingersoll Rand, Inc | 529 | |||||
716 | Insteel Industries, Inc | 23 | ||||||
2,617 | ITT, Inc | 240 | ||||||
2,384 | * | JELD-WEN Holding, Inc | 63 | |||||
1,054 | John Bean Technologies Corp | 150 | ||||||
21,725 | Johnson Controls International plc | 1,491 | ||||||
242 | Kadant, Inc | 43 | ||||||
1,040 | Kaman Corp | 52 | ||||||
2,961 | Kennametal, Inc | 106 | ||||||
3,783 | * | Kratos Defense & Security Solutions, Inc | 108 | |||||
6,230 | L3Harris Technologies, Inc | 1,347 | ||||||
246 | * | Lawson Products, Inc | 13 | |||||
1,051 | Lennox International, Inc | 369 | ||||||
1,591 | Lincoln Electric Holdings, Inc | 210 | ||||||
408 | Lindsay Corp | 67 | ||||||
7,507 | Lockheed Martin Corp | 2,840 | ||||||
800 | Luxfer Holdings plc | 18 | ||||||
674 | * | Lydall, Inc | 41 | |||||
1,198 | * | Manitowoc Co, Inc | 29 | |||||
7,697 | Masco Corp | 453 | ||||||
798 | * | Masonite International Corp | 89 |
7
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
1,650 | * | Mastec, Inc | $ | 175 | ||||
1,193 | * | Matrix Service Co | 13 | |||||
2,076 | Maxar Technologies, Inc | 83 | ||||||
687 | McGrath RentCorp | 56 | ||||||
1,815 | * | Mercury Systems, Inc | 120 | |||||
1,998 | * | Meritor, Inc | 47 | |||||
1,635 | * | Middleby Corp | 283 | |||||
446 | Miller Industries, Inc | 18 | ||||||
863 | Moog, Inc (Class A) | 73 | ||||||
2,142 | * | MRC Global, Inc | 20 | |||||
1,382 | MSC Industrial Direct Co (Class A) | 124 | ||||||
1,100 | Mueller Industries, Inc | 48 | ||||||
4,045 | Mueller Water Products, Inc (Class A) | 58 | ||||||
639 | * | MYR Group, Inc | 58 | |||||
206 | National Presto Industries, Inc | 21 | ||||||
1,226 | * | Navistar International Corp | 55 | |||||
5,998 | * | Nikola Corp | 108 | |||||
1,020 | * | NN, Inc | 7 | |||||
1,723 | Nordson Corp | 378 | ||||||
4,579 | Northrop Grumman Corp | 1,664 | ||||||
371 | * | Northwest Pipe Co | 10 | |||||
4,328 | * | NOW, Inc | 41 | |||||
291 | * | NV5 Global Inc | 28 | |||||
4,516 | nVent Electric plc | 141 | ||||||
117 | Omega Flex, Inc | 17 | ||||||
2,055 | Oshkosh Corp | 256 | ||||||
12,674 | Otis Worldwide Corp | 1,036 | ||||||
3,200 | Owens Corning, Inc | 313 | ||||||
10,342 | PACCAR, Inc | 923 | ||||||
1,797 | * | PAE, Inc | 16 | |||||
766 | Park Aerospace Corp | 11 | ||||||
3,986 | Parker-Hannifin Corp | 1,224 | ||||||
334 | Park-Ohio Holdings Corp | 11 | ||||||
502 | * | Parsons Corp | 20 | |||||
4,695 | Pentair plc | 317 | ||||||
1,847 | * | PGT Innovations, Inc | 43 | |||||
15,097 | * | Plug Power, Inc | 516 | |||||
416 | Powell Industries, Inc | 13 | ||||||
96 | Preformed Line Products Co | 7 | ||||||
1,452 | Primoris Services Corp | 43 | ||||||
784 | * | Proto Labs, Inc | 72 | |||||
1,340 | Quanex Building Products Corp | 33 | ||||||
4,219 | Quanta Services, Inc | 382 | ||||||
1,216 | Raven Industries, Inc | 70 | ||||||
45,217 | Raytheon Technologies Corp | 3,857 | ||||||
823 | * | RBC Bearings, Inc | 164 | |||||
1,350 | Regal-Beloit Corp | 180 | ||||||
4,524 | * | Resideo Technologies, Inc | 136 | |||||
432 | REV Group, Inc | 7 | ||||||
3,642 | Rexnord Corp | 182 | ||||||
3,530 | Rockwell Automation, Inc | 1,010 | ||||||
994 | *,e | Romeo Power, Inc | 8 | |||||
3,194 | Roper Technologies Inc | 1,502 | ||||||
1,543 | Rush Enterprises, Inc (Class A) | 67 | ||||||
385 | Rush Enterprises, Inc (Class B) | 15 | ||||||
4,864 | * | Sensata Technologies Holding plc | 282 | |||||
2,675 | * | Shoals Technologies Group, Inc | 95 | |||||
1,169 | Shyft Group, Inc | 44 | ||||||
1,204 | Simpson Manufacturing Co, Inc | 133 | ||||||
1,315 | * | SiteOne Landscape Supply, Inc | 223 | |||||
1,692 | Snap-On, Inc | 378 | ||||||
3,290 | Spirit Aerosystems Holdings, Inc (Class A) | 155 | ||||||
1,497 | * | SPX Corp | 91 | |||||
1,479 | SPX FLOW, Inc | 96 |
8
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
472 | Standex International Corp | $ | 45 | |||||
4,769 | Stanley Black & Decker, Inc | 978 | ||||||
1,659 | *,e | Stem, Inc | 60 | |||||
1,004 | * | Sterling Construction Co, Inc | 24 | |||||
5,997 | * | Sunrun, Inc | 335 | |||||
1,417 | * | Teledyne Technologies, Inc | 593 | |||||
647 | Tennant Co | 52 | ||||||
1,919 | Terex Corp | 91 | ||||||
1,353 | * | Textainer Group Holdings Ltd | 46 | |||||
6,778 | Textron, Inc | 466 | ||||||
433 | * | The ExOne Company | 9 | |||||
1,276 | * | Thermon Group Holdings | 22 | |||||
2,010 | Timken Co | 162 | ||||||
1,266 | * | Titan International, Inc | 11 | |||||
784 | * | Titan Machinery, Inc | 24 | |||||
3,332 | Toro Co | 366 | ||||||
927 | * | TPI Composites, Inc | 45 | |||||
7,243 | Trane Technologies plc | 1,334 | ||||||
1,577 | * | TransDigm Group, Inc | 1,021 | |||||
3,483 | * | Trex Co, Inc | 356 | |||||
1,789 | * | Trimas Corp | 54 | |||||
2,656 | Trinity Industries, Inc | 71 | ||||||
1,772 | Triton International Ltd | 93 | ||||||
1,451 | * | Triumph Group, Inc | 30 | |||||
1,399 | * | Tutor Perini Corp | 19 | |||||
1,736 | UFP Industries, Inc | 129 | ||||||
2,212 | * | United Rentals, Inc | 706 | |||||
5,141 | * | Univar Solutions Inc | 125 | |||||
582 | Valmont Industries, Inc | 137 | ||||||
455 | * | Vectrus, Inc | 22 | |||||
419 | * | Veritiv Corp | 26 | |||||
8,077 | Vertiv Holdings Co | 221 | ||||||
649 | * | Vicor Corp | 69 | |||||
1,550 | * | View, Inc | 13 | |||||
4,329 | * | Virgin Galactic Holdings, Inc | 199 | |||||
1,330 | W.W. Grainger, Inc | 583 | ||||||
1,790 | Wabash National Corp | 29 | ||||||
5,518 | Wabtec Corp | 454 | ||||||
1,050 | Watsco, Inc | 301 | ||||||
645 | Watts Water Technologies, Inc (Class A) | 94 | ||||||
3,967 | * | Welbilt, Inc | 92 | |||||
1,406 | * | WESCO International, Inc | 145 | |||||
67 | * | Willis Lease Finance Corp | 3 | |||||
5,251 | * | WillScot Mobile Mini Holdings Corp | 146 | |||||
1,753 | Woodward Inc | 215 | ||||||
5,446 | Xylem, Inc | 653 | ||||||
|
| |||||||
TOTAL CAPITAL GOODS | 83,472 | |||||||
|
| |||||||
COMMERCIAL & PROFESSIONAL SERVICES - 1.2% | ||||||||
2,170 | ABM Industries, Inc | 96 | ||||||
2,247 | * | Acacia Research (Acacia Technologies) | 15 | |||||
3,257 | ACCO Brands Corp | 28 | ||||||
4,141 | ADT, Inc | 45 | ||||||
1,481 | * | ASGN Inc | 144 | |||||
274 | Barrett Business Services, Inc | 20 | ||||||
4,208 | Booz Allen Hamilton Holding Co | 358 | ||||||
1,283 | Brady Corp (Class A) | 72 | ||||||
511 | * | BrightView Holdings, Inc | 8 | |||||
1,522 | Brink’s Co | 117 | ||||||
739 | * | CACI International, Inc (Class A) | 189 | |||||
1,375 | * | Casella Waste Systems, Inc (Class A) | 87 | |||||
1,147 | * | CBIZ, Inc | 38 | |||||
948 | * | Ceco Environmental Corp | 7 | |||||
600 | * | Cimpress plc | 65 |
9
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
2,666 | Cintas Corp | $ | 1,018 | |||||
12,143 | * | Clarivate Analytics plc | 334 | |||||
1,666 | * | Clean Harbors, Inc | 155 | |||||
6,195 | * | Copart, Inc | 817 | |||||
3,089 | * | CoreCivic, Inc | 32 | |||||
11,930 | * | CoStar Group, Inc | 988 | |||||
3,430 | Covanta Holding Corp | 60 | ||||||
260 | CRA International, Inc | 22 | ||||||
1,062 | Deluxe Corp | 51 | ||||||
972 | * | Driven Brands Holdings, Inc | 30 | |||||
4,177 | * | Dun & Bradstreet Holdings, Inc | 89 | |||||
1,051 | Ennis, Inc | 23 | ||||||
3,652 | Equifax, Inc | 875 | ||||||
1,599 | Exponent, Inc | 143 | ||||||
381 | * | Forrester Research, Inc | 17 | |||||
419 | * | Franklin Covey Co | 14 | |||||
1,004 | * | FTI Consulting, Inc | 137 | |||||
494 | * | GP Strategies Corp | 8 | |||||
2,590 | * | Harsco Corp | 53 | |||||
2,398 | Healthcare Services Group | 76 | ||||||
711 | Heidrick & Struggles International, Inc | 32 | ||||||
555 | * | Heritage-Crystal Clean, Inc | 16 | |||||
1,868 | Herman Miller, Inc | 88 | ||||||
1,526 | HNI Corp | 67 | ||||||
794 | * | Huron Consulting Group, Inc | 39 | |||||
4,202 | * | IAA, Inc | 229 | |||||
637 | ICF International, Inc | 56 | ||||||
11,349 | IHS Markit Ltd | 1,279 | ||||||
975 | Insperity, Inc | 88 | ||||||
1,994 | Interface, Inc | 30 | ||||||
3,820 | Jacobs Engineering Group, Inc | 510 | ||||||
3,912 | * | KAR Auction Services, Inc | 69 | |||||
4,426 | KBR, Inc | 169 | ||||||
1,192 | * | Kelly Services, Inc (Class A) | 29 | |||||
781 | Kforce, Inc | 49 | ||||||
1,392 | Kimball International, Inc (Class B) | 18 | ||||||
1,686 | Knoll, Inc | 44 | ||||||
1,748 | Korn/Ferry International | 127 | ||||||
3,966 | Leidos Holdings, Inc | 401 | ||||||
1,722 | Manpower, Inc | 205 | ||||||
924 | Mantech International Corp (Class A) | 80 | ||||||
1,217 | Matthews International Corp (Class A) | 44 | ||||||
757 | * | Mistras Group, Inc | 7 | |||||
640 | * | Montrose Environmental Group, Inc | 34 | |||||
1,132 | MSA Safety, Inc | 187 | ||||||
10,957 | Nielsen NV | 270 | ||||||
563 | NL Industries, Inc | 4 | ||||||
5,559 | Pitney Bowes, Inc | 49 | ||||||
871 | * | Rekor Systems, Inc | 9 | |||||
6,267 | Republic Services, Inc | 689 | ||||||
1,107 | Resources Connection, Inc | 16 | ||||||
3,502 | Robert Half International, Inc | 312 | ||||||
6,990 | Rollins, Inc | 239 | ||||||
1,897 | * | RR Donnelley & Sons Co | 12 | |||||
1,831 | Science Applications International Corp | 161 | ||||||
672 | * | SP Plus Corp | 21 | |||||
3,128 | Steelcase, Inc (Class A) | 47 | ||||||
2,380 | * | Stericycle, Inc | 170 | |||||
1,231 | * | Team, Inc | 8 | |||||
1,694 | Tetra Tech, Inc | 207 | ||||||
5,855 | TransUnion | 643 | ||||||
1,289 | * | TriNet Group, Inc | 93 | |||||
1,226 | * | TrueBlue, Inc | 34 | |||||
503 | Unifirst Corp | 118 |
10
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
3,454 | * | Upwork, Inc | $ | 201 | ||||
844 | * | US Ecology, Inc | 32 | |||||
4,842 | Verisk Analytics, Inc | 846 | ||||||
679 | * | Viad Corp | 34 | |||||
340 | VSE Corp | 17 | ||||||
12,655 | Waste Management, Inc | 1,773 | ||||||
279 | * | Willdan Group, Inc | 10 | |||||
|
| |||||||
TOTAL COMMERCIAL & PROFESSIONAL SERVICES | 16,143 | |||||||
|
| |||||||
CONSUMER DURABLES & APPAREL - 1.5% | ||||||||
821 | Acushnet Holdings Corp | 41 | ||||||
559 | * | American Outdoor Brands, Inc | 20 | |||||
1,837 | * | AMMO, Inc | 18 | |||||
566 | * | Aterian, Inc | 8 | |||||
1,140 | * | Beazer Homes USA, Inc | 22 | |||||
2,321 | Brunswick Corp | 231 | ||||||
3,303 | * | Callaway Golf Co | 111 | |||||
4,325 | * | Capri Holdings Ltd | 247 | |||||
1,418 | Carter’s, Inc | 146 | ||||||
700 | * | Casper Sleep, Inc | 6 | |||||
237 | * | Cavco Industries, Inc | 53 | |||||
707 | Century Communities, Inc | 47 | ||||||
729 | Clarus Corp | 19 | ||||||
905 | Columbia Sportswear Co | 89 | ||||||
1,951 | * | Crocs, Inc | 227 | |||||
866 | * | Deckers Outdoor Corp | 333 | |||||
10,107 | DR Horton, Inc | 913 | ||||||
458 | Escalade, Inc | 11 | ||||||
958 | Ethan Allen Interiors, Inc | 26 | ||||||
1,713 | * | Fossil Group, Inc | 24 | |||||
4,523 | Garmin Ltd | 654 | ||||||
8,097 | * | Genius Brands International, Inc | 15 | |||||
1,295 | * | G-III Apparel Group Ltd | 43 | |||||
4,066 | * | GoPro, Inc | 47 | |||||
992 | * | Green Brick Partners, Inc | 23 | |||||
364 | Hamilton Beach Brands Holding Co | 8 | ||||||
10,312 | Hanesbrands, Inc | 193 | ||||||
3,755 | Hasbro, Inc | 355 | ||||||
617 | * | Hayward Holdings, Inc | 16 | |||||
763 | * | Helen of Troy Ltd | 174 | |||||
438 | Hooker Furniture Corp | 15 | ||||||
148 | * | Hovnanian Enterprises, Inc | 16 | |||||
845 | Installed Building Products, Inc | 103 | ||||||
883 | * | iRobot Corp | 82 | |||||
232 | Johnson Outdoors, Inc | 28 | ||||||
2,318 | KB Home | 94 | ||||||
1,623 | Kontoor Brands, Inc | 92 | ||||||
412 | * | Latham Group, Inc | 13 | |||||
1,619 | La-Z-Boy, Inc | 60 | ||||||
4,140 | Leggett & Platt, Inc | 215 | ||||||
8,442 | Lennar Corp (Class A) | 839 | ||||||
349 | Lennar Corp (Class B) | 28 | ||||||
624 | * | LGI Homes, Inc | 101 | |||||
362 | Lifetime Brands, Inc | 5 | ||||||
336 | * | Lovesac Co | 27 | |||||
3,475 | * | Lululemon Athletica, Inc | 1,268 | |||||
604 | * | M/I Homes, Inc | 35 | |||||
688 | * | Malibu Boats, Inc | 50 | |||||
441 | Marine Products Corp | 7 | ||||||
673 | * | MasterCraft Boat Holdings, Inc | 18 | |||||
10,286 | * | Mattel, Inc | 207 | |||||
1,166 | MDC Holdings, Inc | 59 | ||||||
1,156 | * | Meritage Homes Corp | 109 | |||||
1,740 | * | Mohawk Industries, Inc | 334 |
11
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
638 | Movado Group, Inc | $ | 20 | |||||
909 | *,e | Nautilus, Inc | 15 | |||||
11,340 | Newell Brands Inc | 312 | ||||||
37,522 | Nike, Inc (Class B) | 5,797 | ||||||
104 | * | NVR, Inc | 517 | |||||
569 | Oxford Industries, Inc | 56 | ||||||
7,961 | * | Peloton Interactive, Inc | 987 | |||||
248 | *,e | PLBY Group, Inc | 10 | |||||
1,625 | Polaris Inc | 223 | ||||||
8,222 | Pulte Homes, Inc | 449 | ||||||
1,386 | * | Purple Innovation, Inc | 37 | |||||
2,213 | * | PVH Corp | 238 | |||||
1,511 | Ralph Lauren Corp | 178 | ||||||
110 | Rocky Brands, Inc | 6 | ||||||
4,193 | * | Skechers U.S.A., Inc (Class A) | 209 | |||||
1,768 | * | Skyline Champion Corp | 94 | |||||
1,649 | Smith & Wesson Brands, Inc | 57 | ||||||
3,687 | * | Sonos, Inc | 130 | |||||
2,695 | Steven Madden Ltd | 118 | ||||||
574 | Sturm Ruger & Co, Inc | 52 | ||||||
295 | Superior Uniform Group, Inc | 7 | ||||||
8,612 | * | Tapestry, Inc | 374 | |||||
3,418 | * | Taylor Morrison Home Corp | 90 | |||||
5,607 | Tempur Sealy International, Inc | 220 | ||||||
3,486 | Toll Brothers, Inc | 202 | ||||||
1,066 | * | TopBuild Corp | 211 | |||||
3,938 | * | TRI Pointe Homes, Inc | 84 | |||||
1,520 | * | Tupperware Brands Corp | 36 | |||||
5,744 | * | Under Armour, Inc (Class A) | 122 | |||||
5,391 | * | Under Armour, Inc (Class C) | 100 | |||||
700 | * | Unifi, Inc | 17 | |||||
428 | * | Universal Electronics, Inc | 21 | |||||
1,001 | * | Vera Bradley, Inc | 12 | |||||
9,883 | VF Corp | 811 | ||||||
1,707 | * | Vista Outdoor, Inc | 79 | |||||
576 | * | VOXX International Corp (Class A) | 8 | |||||
1,740 | * | Vuzix Corp | 32 | |||||
1,858 | Whirlpool Corp | 405 | ||||||
2,662 | Wolverine World Wide, Inc | 90 | ||||||
2,480 | * | YETI Holdings, Inc | 228 | |||||
|
| |||||||
TOTAL CONSUMER DURABLES & APPAREL | 20,579 | |||||||
|
| |||||||
CONSUMER SERVICES - 2.2% | ||||||||
1,998 | *,e | 2U, Inc | 83 | |||||
1,229 | * | Accel Entertainment, Inc | 15 | |||||
1,615 | * | Adtalem Global Education, Inc | 58 | |||||
675 | * | American Public Education, Inc | 19 | |||||
7,080 | ARAMARK Holdings Corp | 264 | ||||||
925 | * | Bally’s Corp | 50 | |||||
39 | * | Biglari Holdings, Inc (B Shares) | 6 | |||||
817 | * | BJ’s Restaurants, Inc | 40 | |||||
2,832 | * | Bloomin’ Brands, Inc | 77 | |||||
476 | * | Bluegreen Vacations Holding Corp | 9 | |||||
1,246 | * | Booking Holdings, Inc | 2,726 | |||||
2,347 | * | Boyd Gaming Corp | 144 | |||||
1,917 | * | Bright Horizons Family Solutions | 282 | |||||
1,545 | * | Brinker International, Inc | 96 | |||||
5,983 | * | Caesars Entertainment, Inc | 621 | |||||
25,476 | * | Carnival Corp | 672 | |||||
591 | Carriage Services, Inc | 22 | ||||||
1,345 | * | Carrols Restaurant Group, Inc | 8 | |||||
761 | * | Century Casinos, Inc | 10 | |||||
1,085 | * | Cheesecake Factory | 59 | |||||
4,170 | * | Chegg, Inc | 347 |
12
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
856 | * | Chipotle Mexican Grill, Inc (Class A) | $ | 1,327 | ||||
891 | Choice Hotels International, Inc | 106 | ||||||
1,130 | Churchill Downs, Inc | 224 | ||||||
751 | * | Chuy’s Holdings, Inc | 28 | |||||
182 | * | Coursera, Inc | 7 | |||||
711 | Cracker Barrel Old Country Store, Inc | 106 | ||||||
3,992 | Darden Restaurants, Inc | 583 | ||||||
1,228 | * | Dave & Buster’s Entertainment, Inc | 50 | |||||
1,227 | Del Taco Restaurants, Inc | 12 | ||||||
2,177 | * | Denny’s Corp | 36 | |||||
32 | *,†,e | Diamond Resorts International, Inc | 0 | |||||
458 | * | Dine Brands Global Inc. | 41 | |||||
1,126 | Domino’s Pizza, Inc | 525 | ||||||
9,129 | * | DraftKings, Inc | 476 | |||||
2,372 | * | Drive Shack, Inc | 8 | |||||
809 | * | El Pollo Loco Holdings, Inc | 15 | |||||
2,472 | * | Everi Holdings, Inc | 62 | |||||
4,217 | * | Expedia Group, Inc | 690 | |||||
1,005 | * | Fiesta Restaurant Group, Inc | 13 | |||||
2,305 | * | frontdoor, Inc | 115 | |||||
870 | * | Full House Resorts, Inc | 9 | |||||
1,144 | *,e | GAN Ltd | 19 | |||||
412 | * | Golden Entertainment, Inc | 18 | |||||
800 | * | Golden Nugget Online Gaming, Inc | 10 | |||||
115 | Graham Holdings Co | 73 | ||||||
1,248 | * | Grand Canyon Education, Inc | 112 | |||||
5,101 | H&R Block, Inc | 120 | ||||||
1,453 | *,e | Hall of Fame Resort & Entertainment Co | 6 | |||||
2,683 | * | Hilton Grand Vacations, Inc | 111 | |||||
8,400 | * | Hilton Worldwide Holdings, Inc | 1,013 | |||||
4,089 | * | Houghton Mifflin Harcourt Co | 45 | |||||
1,223 | * | Hyatt Hotels Corp | 95 | |||||
2,978 | * | International Game Technology plc | 71 | |||||
713 | Jack in the Box, Inc | 79 | ||||||
10,145 | * | Las Vegas Sands Corp | 535 | |||||
3,222 | * | Laureate Education, Inc | 47 | |||||
608 | * | Lindblad Expeditions Holdings, Inc | 10 | |||||
8,302 | * | Marriott International, Inc (Class A) | 1,133 | |||||
1,302 | * | Marriott Vacations Worldwide Corp | 207 | |||||
22,559 | McDonald’s Corp | 5,211 | ||||||
12,585 | MGM Resorts International | 537 | ||||||
388 | * | Monarch Casino & Resort, Inc | 26 | |||||
133 | Nathan’s Famous, Inc | 9 | ||||||
149 | * | NEOGAMES S.A. | 9 | |||||
400 | * | Noodles & Co | 5 | |||||
11,263 | * | Norwegian Cruise Line Holdings Ltd | 331 | |||||
465 | *,e | ONE Group Hospitality, Inc | 5 | |||||
1,416 | * | OneSpaWorld Holdings Ltd | 14 | |||||
1,035 | Papa John’s International, Inc | 108 | ||||||
4,773 | * | Penn National Gaming, Inc | 365 | |||||
2,656 | * | Perdoceo Education Corp | 33 | |||||
2,622 | * | Planet Fitness, Inc | 197 | |||||
322 | * | PlayAGS, Inc | 3 | |||||
330 | RCI Hospitality Holdings, Inc | 22 | ||||||
500 | * | Red Robin Gourmet Burgers, Inc | 17 | |||||
1,923 | * | Red Rock Resorts, Inc | 82 | |||||
1,367 | *,e | Regis Corp | 13 | |||||
6,549 | * | Royal Caribbean Cruises Ltd | 558 | |||||
1,353 | * | Rush Street Interactive, Inc | 17 | |||||
1,174 | * | Ruth’s Hospitality Group Inc | 27 | |||||
2,866 | * | Scientific Games Corp (Class A) | 222 | |||||
1,710 | * | SeaWorld Entertainment, Inc | 85 | |||||
5,130 | Service Corp International | 275 | ||||||
1,083 | * | Shake Shack, Inc | 116 | |||||
2,486 | * | Six Flags Entertainment Corp | 108 |
13
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
35,693 | Starbucks Corp | $ | 3,991 | |||||
673 | Strategic Education, Inc | 51 | ||||||
1,321 | * | Stride, Inc | 42 | |||||
3,982 | * | Terminix Global Holdings, Inc | 190 | |||||
2,226 | Texas Roadhouse, Inc (Class A) | 214 | ||||||
2,639 | Travel & Leisure Co | 157 | ||||||
1,170 | * | Vail Resorts, Inc | 370 | |||||
2,671 | * | Vivint Smart Home, Inc | 35 | |||||
5,847 | Wendy’s | 137 | ||||||
930 | Wingstop, Inc | 147 | ||||||
1,421 | * | WW International Inc | 51 | |||||
2,646 | Wyndham Hotels & Resorts, Inc | 191 | ||||||
3,269 | * | Wynn Resorts Ltd | 400 | |||||
12,355 | Yum China Holdings, Inc | 818 | ||||||
9,034 | Yum! Brands, Inc | 1,039 | ||||||
|
| |||||||
TOTAL CONSUMER SERVICES | 29,973 | |||||||
|
| |||||||
DIVERSIFIED FINANCIALS - 5.1% | ||||||||
1,316 | Affiliated Managers Group, Inc | 203 | ||||||
15,893 | AGNC Investment Corp | 268 | ||||||
315 | Alerus Financial Corp | 9 | ||||||
11,352 | Ally Financial, Inc | 566 | ||||||
203 | A-Mark Precious Metals, Inc | 9 | ||||||
19,804 | American Express Co | 3,272 | ||||||
3,563 | Ameriprise Financial, Inc | 887 | ||||||
41,656 | Annaly Capital Management, Inc | 370 | ||||||
4,140 | Apollo Commercial Real Estate Finance, Inc | 66 | ||||||
5,552 | Apollo Global Management, Inc | 345 | ||||||
3,143 | Arbor Realty Trust, Inc | 56 | ||||||
1,014 | Ares Commercial Real Estate Corp | 15 | ||||||
3,903 | Ares Management Corp | 248 | ||||||
2,063 | ARMOUR Residential REIT, Inc | 24 | ||||||
1,731 | Artisan Partners Asset Management, Inc | 88 | ||||||
427 | * | Assetmark Financial Holdings, Inc | 11 | |||||
269 | Associated Capital Group, Inc | 10 | ||||||
494 | B. Riley Financial, Inc | 37 | ||||||
1,284 | Banco Latinoamericano de Exportaciones S.A. (Class E) | 20 | ||||||
24,494 | Bank of New York Mellon Corp | 1,255 | ||||||
56,742 | * | Berkshire Hathaway, Inc (Class B) | 15,770 | |||||
8,951 | BGC Partners, Inc (Class A) | 51 | ||||||
4,333 | BlackRock, Inc | 3,791 | ||||||
20,282 | Blackstone Group, Inc | 1,970 | ||||||
4,265 | Blackstone Mortgage Trust, Inc | 136 | ||||||
1,604 | * | Blucora, Inc | 28 | |||||
2,164 | Brightsphere Investment Group, Inc | 51 | ||||||
3,033 | BrightSpire Capital, Inc | 28 | ||||||
3,848 | Broadmark Realty Capital, Inc | 41 | ||||||
2,523 | * | Cannae Holdings, Inc | 86 | |||||
13,615 | Capital One Financial Corp | 2,106 | ||||||
3,681 | Capstead Mortgage Corp | 23 | ||||||
4,356 | Carlyle Group, Inc | 202 | ||||||
3,322 | CBOE Global Markets, Inc | 395 | ||||||
47,156 | Charles Schwab Corp | 3,433 | ||||||
5,843 | Chimera Investment Corp | 88 | ||||||
10,824 | CME Group, Inc | 2,302 | ||||||
853 | Cohen & Steers, Inc | 70 | ||||||
906 | Cowen Group, Inc | 37 | ||||||
268 | *,e | Credit Acceptance Corp | 122 | |||||
334 | Curo Group Holdings Corp | 6 | ||||||
118 | Diamond Hill Investment Group, Inc | 20 | ||||||
9,258 | Discover Financial Services | 1,095 | ||||||
1,075 | * | Donnelley Financial Solutions, Inc | 35 | |||||
620 | Dynex Capital, Inc | 12 | ||||||
630 | Ellington Financial Inc | 12 |
14
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
978 | * | Encore Capital Group, Inc | $ | 46 | ||||
1,226 | * | Enova International, Inc | 42 | |||||
11,814 | Equitable Holdings, Inc | 360 | ||||||
1,311 | Evercore Inc | 185 | ||||||
1,988 | * | Ezcorp, Inc (Class A) | 12 | |||||
1,184 | Factset Research Systems, Inc | 397 | ||||||
3,119 | Federated Investors, Inc (Class B) | 106 | ||||||
1,370 | FirstCash, Inc | 105 | ||||||
1,179 | * | Focus Financial Partners, Inc | 57 | |||||
8,239 | Franklin Resources, Inc | 264 | ||||||
181 | GAMCO Investors, Inc (Class A) | 5 | ||||||
559 | GCM Grosvenor, Inc | 6 | ||||||
10,000 | Goldman Sachs Group, Inc | 3,795 | ||||||
1,667 | Granite Point Mortgage Trust, Inc | 25 | ||||||
430 | Great Ajax Corp | 6 | ||||||
1,775 | * | Green Dot Corp | 83 | |||||
679 | Greenhill & Co, Inc | 11 | ||||||
904 | Hamilton Lane, Inc | 82 | ||||||
2,171 | Hannon Armstrong Sustainable Infrastructure Capital, Inc | 122 | ||||||
1,371 | Houlihan Lokey, Inc | 112 | ||||||
2,227 | Interactive Brokers Group, Inc (Class A) | 146 | ||||||
16,898 | Intercontinental Exchange Group, Inc | 2,006 | ||||||
10,471 | Invesco Ltd | 280 | ||||||
6,463 | e | Invesco Mortgage Capital, Inc | 25 | |||||
4,780 | Janus Henderson Group plc | 185 | ||||||
6,446 | Jefferies Financial Group, Inc | 220 | ||||||
16,544 | KKR & Co, Inc | 980 | ||||||
419 | KKR Real Estate Finance Trust, Inc | 9 | ||||||
2,645 | Ladder Capital Corp | 30 | ||||||
3,360 | Lazard Ltd (Class A) | 152 | ||||||
2,865 | * | LendingClub Corp | 52 | |||||
334 | * | LendingTree, Inc | 71 | |||||
2,318 | LPL Financial Holdings, Inc | 313 | ||||||
1,157 | MarketAxess Holdings, Inc | 536 | ||||||
418 | Marlin Business Services Corp | 9 | ||||||
14,764 | MFA Financial Inc | 68 | ||||||
1,603 | Moelis & Co | 91 | ||||||
4,950 | Moody’s Corp | 1,794 | ||||||
42,056 | Morgan Stanley | 3,856 | ||||||
671 | Morningstar, Inc | 172 | ||||||
2,427 | MSCI, Inc (Class A) | 1,294 | ||||||
3,513 | Nasdaq Inc | 618 | ||||||
5,701 | Navient Corp | 110 | ||||||
637 | Nelnet, Inc (Class A) | 48 | ||||||
12,681 | New Residential Investment Corp | 134 | ||||||
11,605 | New York Mortgage Trust, Inc | 52 | ||||||
959 | *,† | NewStar Financial, Inc | 0 | ^ | ||||
6,037 | Northern Trust Corp | 698 | ||||||
2,456 | OneMain Holdings, Inc | 147 | ||||||
3,011 | * | Open Lending Corp | 130 | |||||
563 | * | Oportun Financial Corp | 11 | |||||
448 | Oppenheimer Holdings, Inc | 23 | ||||||
1,276 | e | Orchid Island Capital, Inc | 7 | |||||
2,603 | PennyMac Mortgage Investment Trust | 55 | ||||||
553 | Piper Jaffray Cos | 72 | ||||||
727 | PJT Partners, Inc | 52 | ||||||
1,565 | * | PRA Group, Inc | 60 | |||||
2,124 | PROG Holdings, Inc | 102 | ||||||
527 | Pzena Investment Management, Inc (Class A) | 6 | ||||||
3,749 | Raymond James Financial, Inc | 487 | ||||||
1,249 | Ready Capital Corp | 20 | ||||||
3,329 | Redwood Trust, Inc | 40 | ||||||
383 | Regional Management Corp | 18 | ||||||
7,294 | S&P Global, Inc | 2,994 |
15
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
1,337 | Santander Consumer USA Holdings, Inc | $ | 49 | |||||
551 | Sculptor Capital Management, Inc | 14 | ||||||
3,251 | SEI Investments Co | 201 | ||||||
10,253 | SLM Corp | 215 | ||||||
8,691 | Starwood Property Trust, Inc | 227 | ||||||
10,626 | State Street Corp | 874 | ||||||
968 | StepStone Group, Inc | 33 | ||||||
2,962 | Stifel Financial Corp | 192 | ||||||
601 | * | StoneX Group, Inc | 36 | |||||
17,753 | Synchrony Financial | 861 | ||||||
6,832 | T Rowe Price Group, Inc | 1,353 | ||||||
1,884 | TPG RE Finance Trust, Inc | 25 | ||||||
2,955 | Tradeweb Markets, Inc | 250 | ||||||
8,413 | e | Two Harbors Investment Corp | 64 | |||||
408 | * | Upstart Holdings, Inc | 51 | |||||
2,593 | Virtu Financial, Inc | 72 | ||||||
255 | Virtus Investment Partners, Inc | 71 | ||||||
3,829 | Voya Financial, Inc | 235 | ||||||
4,611 | WisdomTree Investments, Inc | 29 | ||||||
160 | * | World Acceptance Corp | 26 | |||||
|
| |||||||
TOTAL DIVERSIFIED FINANCIALS | 68,541 | |||||||
|
| |||||||
ENERGY - 2.8% | ||||||||
684 | *,e | Aemetis, Inc | 8 | |||||
1,963 | *,e | Alto Ingredients, Inc | 12 | |||||
9,807 | Antero Midstream Corp | 102 | ||||||
8,501 | * | Antero Resources Corp | 128 | |||||
11,165 | APA Corp | 241 | ||||||
550 | * | Arch Resources, Inc | 31 | |||||
3,123 | Archrock, Inc | 28 | ||||||
562 | * | Aspen Aerogels, Inc | 17 | |||||
21,748 | Baker Hughes Co | 497 | ||||||
1,669 | Berry Petroleum Co LLC | 11 | ||||||
784 | Bonanza Creek Energy, Inc | 37 | ||||||
938 | Brigham Minerals, Inc | 20 | ||||||
297 | * | Bristow Group, Inc | 8 | |||||
11,600 | Cabot Oil & Gas Corp | 203 | ||||||
1,403 | Cactus, Inc | 52 | ||||||
2,498 | * | California Resources Corp | 75 | |||||
1,177 | * | Callon Petroleum Co | 68 | |||||
5,384 | * | Centennial Resource Development, Inc | 36 | |||||
230 | * | Centrus Energy Corp | 6 | |||||
5,977 | * | ChampionX Corp | 153 | |||||
7,197 | * | Cheniere Energy, Inc | 624 | |||||
2,836 | Chesapeake Energy Corp | 147 | ||||||
58,572 | Chevron Corp | 6,135 | ||||||
3,262 | Cimarex Energy Co | 236 | ||||||
4,074 | * | Clean Energy Fuels Corp | 41 | |||||
6,453 | * | CNX Resources Corp | 88 | |||||
2,351 | * | Comstock Resources Inc | 16 | |||||
41,051 | ConocoPhillips | 2,500 | ||||||
1,096 | * | CONSOL Energy, Inc | 20 | |||||
3,409 | *,e | Contango Oil & Gas Co | 15 | |||||
2,158 | Continental Resources, Inc | 82 | ||||||
612 | CVR Energy, Inc | 11 | ||||||
1,947 | Delek US Holdings, Inc | 42 | ||||||
1,483 | * | Denbury, Inc | 114 | |||||
19,890 | Devon Energy Corp | 581 | ||||||
3,794 | DHT Holdings, Inc | 25 | ||||||
640 | * | Diamond S Shipping Inc | 6 | |||||
5,395 | Diamondback Energy, Inc | 507 | ||||||
535 | * | DMC Global, Inc | 30 | |||||
1,083 | * | Dorian LPG Ltd | 15 | |||||
1,195 | * | Dril-Quip, Inc | 40 |
16
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
384 | * | Earthstone Energy, Inc | $ | 4 | ||||
4,018 | *,e | Energy Fuels, Inc | 24 | |||||
17,916 | EOG Resources, Inc | 1,495 | ||||||
8,585 | * | EQT Corp | 191 | |||||
11,874 | Equitrans Midstream Corp | 101 | ||||||
405 | * | Extraction Oil & Gas, Inc | 22 | |||||
128,248 | Exxon Mobil Corp | 8,090 | ||||||
4,539 | * | Frank’s International NV | 14 | |||||
3,756 | Frontline Ltd | 34 | ||||||
244 | * | FTS International, Inc | 7 | |||||
5,829 | *,e | Gevo, Inc | 42 | |||||
3,300 | * | Golar LNG Ltd | 44 | |||||
1,490 | * | Green Plains Inc | 50 | |||||
27,325 | Halliburton Co | 632 | ||||||
5,378 | * | Helix Energy Solutions Group, Inc | 31 | |||||
3,077 | Helmerich & Payne, Inc | 100 | ||||||
8,569 | Hess Corp | 748 | ||||||
4,571 | HollyFrontier Corp | �� | 150 | |||||
813 | International Seaways, Inc | 16 | ||||||
59,023 | Kinder Morgan, Inc | 1,076 | ||||||
12,787 | * | Kosmos Energy Ltd | 44 | |||||
367 | * | Laredo Petroleum, Inc | 34 | |||||
2,341 | * | Liberty Oilfield Services, Inc | 33 | |||||
3,546 | * | Magnolia Oil & Gas Corp | 55 | |||||
24,847 | Marathon Oil Corp | 338 | ||||||
19,760 | Marathon Petroleum Corp | 1,194 | ||||||
3,253 | Matador Resources Co | 117 | ||||||
1,842 | *,e | Meta Materials, Inc | 14 | |||||
4,346 | Murphy Oil Corp | 101 | ||||||
238 | * | Nabors Industries Ltd | 27 | |||||
639 | * | National Energy Services Reunited Corp | 9 | |||||
740 | New Fortress Energy, Inc | 28 | ||||||
3,366 | * | Newpark Resources, Inc | 12 | |||||
4,954 | * | NexTier Oilfield Solutions, Inc | 24 | |||||
3,925 | Nordic American Tankers Ltd | 13 | ||||||
1,332 | Northern Oil and Gas, Inc | 28 | ||||||
12,582 | * | NOV, Inc | 193 | |||||
553 | Oasis Petroleum, Inc | 56 | ||||||
25,800 | Occidental Petroleum Corp | 807 | ||||||
3,306 | * | Oceaneering International, Inc | 51 | |||||
2,073 | * | Oil States International, Inc | 16 | |||||
13,479 | ONEOK, Inc | 750 | ||||||
7,741 | Ovintiv, Inc | 244 | ||||||
1,291 | * | Par Pacific Holdings, Inc | 22 | |||||
5,355 | Patterson-UTI Energy, Inc | 53 | ||||||
3,006 | * | PBF Energy, Inc | 46 | |||||
2,885 | PDC Energy, Inc | 132 | ||||||
2,049 | * | Peabody Energy Corp | 16 | |||||
544 | * | Penn Virginia Corp | 13 | |||||
13,333 | Phillips 66 | 1,144 | ||||||
6,414 | Pioneer Natural Resources Co | 1,042 | ||||||
2,609 | * | ProPetro Holding Corp | 24 | |||||
7,142 | * | Range Resources Corp | 120 | |||||
1,305 | * | Renewable Energy Group, Inc | 81 | |||||
234 | * | Rex American Resources Corp | 21 | |||||
257 | Riley Exploration Permian, Inc | 7 | ||||||
2,256 | * | RPC, Inc | 11 | |||||
42,816 | Schlumberger Ltd | 1,371 | ||||||
1,622 | Scorpio Tankers, Inc | 36 | ||||||
1,587 | * | Select Energy Services, Inc | 10 | |||||
2,365 | SFL Corp Ltd | 18 | ||||||
3,447 | SM Energy Co | 85 | ||||||
369 | Solaris Oilfield Infrastructure, Inc | 4 | ||||||
20,061 | * | Southwestern Energy Co | 114 |
17
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
1,067 | * | Talos Energy, Inc | $ | 17 | ||||
6,803 | Targa Resources Investments, Inc | 302 | ||||||
560 | *,e | Teekay Tankers Ltd | 8 | |||||
9,587 | * | Tellurian, Inc | 45 | |||||
3,440 | * | Tetra Technologies, Inc | 15 | |||||
175 | Texas Pacific Land Corp | 280 | ||||||
878 | * | Tidewater, Inc | 11 | |||||
5,127 | *,e | Uranium Energy Corp | 14 | |||||
3,976 | *,e | Ur-Energy, Inc | 6 | |||||
2,427 | * | US Silica Holdings, Inc | 28 | |||||
12,441 | Valero Energy Corp | 971 | ||||||
473 | * | Vine Energy, Inc | 7 | |||||
3,587 | * | W&T Offshore, Inc | 17 | |||||
1,095 | * | Whiting Petroleum Corp | 60 | |||||
36,887 | Williams Cos, Inc | 979 | ||||||
1,789 | World Fuel Services Corp | 57 | ||||||
|
| |||||||
TOTAL ENERGY | 37,254 | |||||||
|
| |||||||
FOOD & STAPLES RETAILING - 1.2% | ||||||||
4,646 | e | Albertsons Cos, Inc | 91 | |||||
1,108 | Andersons, Inc | 34 | ||||||
4,231 | * | BJ’s Wholesale Club Holdings, Inc | 201 | |||||
1,175 | Casey’s General Stores, Inc | 229 | ||||||
776 | * | Chefs’ Warehouse Holdings, Inc | 25 | |||||
13,402 | Costco Wholesale Corp | 5,303 | ||||||
2,474 | * | Grocery Outlet Holding Corp | 86 | |||||
555 | Ingles Markets, Inc (Class A) | 32 | ||||||
22,920 | Kroger Co | 878 | ||||||
345 | Natural Grocers by Vitamin C | 4 | ||||||
4,078 | * | Performance Food Group Co | 198 | |||||
820 | Pricesmart, Inc | 75 | ||||||
1,730 | * | Rite Aid Corp | 28 | |||||
957 | SpartanNash Co | 18 | ||||||
3,683 | * | Sprouts Farmers Market, Inc | 92 | |||||
14,841 | SYSCO Corp | 1,154 | ||||||
1,636 | * | United Natural Foods, Inc | 60 | |||||
6,745 | * | US Foods Holding Corp | 259 | |||||
292 | Village Super Market (Class A) | 7 | ||||||
21,866 | Walgreens Boots Alliance, Inc | 1,150 | ||||||
42,933 | Walmart, Inc | 6,054 | ||||||
313 | Weis Markets, Inc | 16 | ||||||
|
| |||||||
TOTAL FOOD & STAPLES RETAILING | 15,994 | |||||||
|
| |||||||
FOOD, BEVERAGE & TOBACCO - 2.8% | ||||||||
4,487 | * | 22nd Century Group, Inc | 21 | |||||
56,279 | Altria Group, Inc | 2,683 | ||||||
1,201 | * | AppHarvest, Inc | 19 | |||||
16,933 | Archer-Daniels-Midland Co | 1,026 | ||||||
2,065 | e | B&G Foods, Inc (Class A) | 68 | |||||
1,699 | * | Beyond Meat, Inc | 268 | |||||
285 | * | Boston Beer Co, Inc (Class A) | 291 | |||||
1,291 | Brown-Forman Corp (Class A) | 91 | ||||||
5,268 | Brown-Forman Corp (Class B) | 395 | ||||||
4,179 | Bunge Ltd | 327 | ||||||
583 | Calavo Growers, Inc | 37 | ||||||
1,263 | Cal-Maine Foods, Inc | 46 | ||||||
5,433 | Campbell Soup Co | 248 | ||||||
1,361 | * | Celsius Holdings, Inc | 104 | |||||
117,722 | Coca-Cola Co | 6,370 | ||||||
126 | Coca-Cola Consolidated Inc | 51 | ||||||
14,460 | ConAgra Brands, Inc | 526 | ||||||
4,932 | Constellation Brands, Inc (Class A) | 1,154 | ||||||
4,729 | * | Darling International, Inc | 319 | |||||
258 | * | Duckhorn Portfolio, Inc | 6 |
18
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
5,653 | Flowers Foods, Inc | $ | 137 | |||||
1,151 | Fresh Del Monte Produce, Inc | 38 | ||||||
1,239 | * | Freshpet, Inc | 202 | |||||
18,667 | General Mills, Inc | 1,137 | ||||||
2,641 | * | Hain Celestial Group, Inc | 106 | |||||
4,497 | Hershey Co | 783 | ||||||
8,693 | Hormel Foods Corp | 415 | ||||||
3,112 | * | Hostess Brands, Inc | 50 | |||||
1,875 | Ingredion, Inc | 170 | ||||||
530 | J&J Snack Foods Corp | 92 | ||||||
3,297 | J.M. Smucker Co | 427 | ||||||
368 | John B. Sanfilippo & Son, Inc | 33 | ||||||
7,478 | Kellogg Co | 481 | ||||||
20,480 | Keurig Dr Pepper, Inc | 722 | ||||||
20,047 | Kraft Heinz Co | 817 | ||||||
4,431 | Lamb Weston Holdings, Inc | 357 | ||||||
621 | Lancaster Colony Corp | 120 | ||||||
1,056 | * | Landec Corp | 12 | |||||
443 | Limoneira Co | 8 | ||||||
7,291 | McCormick & Co, Inc | 644 | ||||||
476 | MGP Ingredients, Inc | 32 | ||||||
684 | * | Mission Produce, Inc | 14 | |||||
5,596 | * | Molson Coors Brewing Co (Class B) | 300 | |||||
42,162 | Mondelez International, Inc | 2,633 | ||||||
11,016 | * | Monster Beverage Corp | 1,006 | |||||
794 | National Beverage Corp | 37 | ||||||
3,685 | * | NewAge, Inc | 8 | |||||
41,880 | PepsiCo, Inc | 6,205 | ||||||
47,242 | Philip Morris International, Inc | 4,682 | ||||||
1,486 | * | Pilgrim’s Pride Corp | 33 | |||||
1,888 | * | Post Holdings, Inc | 205 | |||||
4,873 | Primo Water Corp | 81 | ||||||
642 | Sanderson Farms, Inc | 121 | ||||||
8 | Seaboard Corp | 31 | ||||||
226 | * | Seneca Foods Corp | 12 | |||||
2,221 | * | Simply Good Foods Co | 81 | |||||
1,227 | * | Tattooed Chef, Inc | 26 | |||||
354 | e | Tootsie Roll Industries, Inc | 12 | |||||
1,691 | * | TreeHouse Foods, Inc | 75 | |||||
310 | Turning Point Brands, Inc | 14 | ||||||
8,737 | Tyson Foods, Inc (Class A) | 644 | ||||||
627 | Universal Corp | 36 | ||||||
1,426 | Utz Brands, Inc | 31 | ||||||
4,010 | Vector Group Ltd | 57 | ||||||
689 | * | Vital Farms, Inc | 14 | |||||
451 | * | Whole Earth Brands, Inc | 7 | |||||
|
| |||||||
TOTAL FOOD, BEVERAGE & TOBACCO | 37,198 | |||||||
|
| |||||||
HEALTH CARE EQUIPMENT & SERVICES - 6.2% | ||||||||
3,431 | * | 1Life Healthcare, Inc | 113 | |||||
52,583 | Abbott Laboratories | 6,096 | ||||||
1,342 | * | Abiomed, Inc | 419 | |||||
2,786 | * | Acadia Healthcare Co, Inc | 175 | |||||
987 | * | Accelerate Diagnostics, Inc | 8 | |||||
1,487 | * | Accolade, Inc | 81 | |||||
3,073 | * | Accuray, Inc | 14 | |||||
385 | *,e | Acutus Medical, Inc | 7 | |||||
2,296 | * | AdaptHealth Corp | 63 | |||||
409 | * | Addus HomeCare Corp | 36 | |||||
462 | * | Agiliti, Inc | 10 | |||||
1,226 | * | agilon health, Inc | 50 | |||||
2,386 | * | Align Technology, Inc | 1,458 | |||||
4,504 | * | Allscripts Healthcare Solutions, Inc | 83 | |||||
2,458 | * | Alphatec Holdings Inc | 38 |
19
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
956 | * | Amedisys, Inc | $ | 234 | ||||
5,730 | * | American Well Corp | 72 | |||||
4,561 | AmerisourceBergen Corp | 522 | ||||||
1,491 | * | AMN Healthcare Services, Inc | 145 | |||||
1,310 | * | Angiodynamics, Inc | 36 | |||||
7,436 | Anthem, Inc | 2,839 | ||||||
1,046 | * | Apollo Medical Holdings, Inc | 66 | |||||
1,701 | * | Apyx Medical Corp | 18 | |||||
7,064 | * | Asensus Surgical, Inc | 22 | |||||
2,590 | *,e | Aspira Women’s Health, Inc | 15 | |||||
1,229 | * | AtriCure, Inc | 97 | |||||
40 | Atrion Corp | 25 | ||||||
1,650 | * | Avanos Medical, Inc | 60 | |||||
920 | * | Aveanna Healthcare Holdings, Inc | 11 | |||||
1,009 | * | AxoGen, Inc | 22 | |||||
1,185 | * | Axonics Modulation Technologies, Inc | 75 | |||||
15,287 | Baxter International, Inc | 1,231 | ||||||
8,758 | Becton Dickinson & Co | 2,130 | ||||||
681 | * | BioLife Solutions Inc | 30 | |||||
43,019 | * | Boston Scientific Corp | 1,839 | |||||
6,211 | * | Brookdale Senior Living, Inc | 49 | |||||
711 | * | Butterfly Network, Inc | 10 | |||||
8,662 | Cardinal Health, Inc | 494 | ||||||
1,207 | * | Cardiovascular Systems, Inc | 51 | |||||
627 | * | Castle Biosciences, Inc | 46 | |||||
2,942 | * | Castlight Health, Inc | 8 | |||||
17,601 | * | Centene Corp | 1,284 | |||||
9,211 | Cerner Corp | 720 | ||||||
902 | * | Certara, Inc | 26 | |||||
4,212 | * | Cerus Corp | 25 | |||||
7,587 | * | Change Healthcare, Inc | 175 | |||||
436 | Chemed Corp | 207 | ||||||
10,351 | Cigna Corp | 2,454 | ||||||
511 | * | ClearPoint Neuro, Inc | 10 | |||||
3,702 | * | Community Health Systems, Inc | 57 | |||||
481 | Computer Programs & Systems, Inc | 16 | ||||||
930 | Conmed Corp | 128 | ||||||
1,412 | Cooper Cos, Inc | 560 | ||||||
368 | * | Corvel Corp | 49 | |||||
3,149 | * | Covetrus, Inc | 85 | |||||
1,273 | * | Cross Country Healthcare, Inc | 21 | |||||
1,250 | * | CryoLife, Inc | 35 | |||||
1,192 | *,e | CryoPort, Inc | 75 | |||||
593 | * | Cutera, Inc | 29 | |||||
39,903 | CVS Health Corp | 3,329 | ||||||
1,039 | * | CytoSorbents Corp | 8 | |||||
19,199 | Danaher Corp | 5,152 | ||||||
400 | * | DarioHealth Corp | 9 | |||||
2,064 | * | DaVita, Inc | 249 | |||||
6,784 | Dentsply Sirona, Inc | 429 | ||||||
2,875 | * | DexCom, Inc | 1,228 | |||||
533 | * | Eargo, Inc | 21 | |||||
18,811 | * | Edwards Lifesciences Corp | 1,948 | |||||
3,069 | Encompass Health Corp | 239 | ||||||
1,488 | Ensign Group, Inc | 129 | ||||||
4,763 | * | Envista Holdings Corp | 206 | |||||
2,484 | * | Evolent Health, Inc | 52 | |||||
526 | * | Forian, Inc | 7 | |||||
604 | *,e | Fulgent Genetics, Inc | 56 | |||||
1,276 | * | Glaukos Corp | 108 | |||||
2,038 | * | Globus Medical, Inc | 158 | |||||
2,679 | * | Guardant Health, Inc | 333 | |||||
1,656 | * | Haemonetics Corp | 110 | |||||
1,155 | * | Hanger Inc | 29 |
20
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
7,906 | HCA Healthcare, Inc | $ | 1,634 | |||||
1,262 | * | Health Catalyst, Inc | 70 | |||||
2,384 | * | HealthEquity, Inc | 192 | |||||
1,071 | * | HealthStream, Inc | 30 | |||||
4,404 | * | Henry Schein, Inc | 327 | |||||
236 | * | Heska Corp | 54 | |||||
1,862 | Hill-Rom Holdings, Inc | 211 | ||||||
7,743 | * | Hologic, Inc | 517 | |||||
3,921 | Humana, Inc | 1,736 | ||||||
551 | * | iCAD, Inc | 10 | |||||
588 | * | ICU Medical, Inc | 121 | |||||
2,567 | * | IDEXX Laboratories, Inc | 1,621 | |||||
996 | * | Inari Medical, Inc | 93 | |||||
359 | * | InfuSystem Holdings, Inc | 7 | |||||
316 | * | Innovage Holding Corp | 7 | |||||
672 | * | Inogen, Inc | 44 | |||||
2,425 | * | Inovalon Holdings, Inc | 83 | |||||
841 | * | Inspire Medical Systems, Inc | 163 | |||||
2,028 | * | Insulet Corp | 557 | |||||
935 | * | Integer Holding Corp | 88 | |||||
2,413 | * | Integra LifeSciences Holdings Corp | 165 | |||||
1,040 | * | Intersect ENT, Inc | 18 | |||||
3,574 | * | Intuitive Surgical, Inc | 3,287 | |||||
1,260 | * | Invacare Corp | 10 | |||||
878 | * | iRhythm Technologies, Inc | 58 | |||||
390 | * | Joint Corp | 33 | |||||
2,905 | * | Laboratory Corp of America Holdings | 801 | |||||
1,734 | * | Lantheus Holdings, Inc | 48 | |||||
562 | LeMaitre Vascular, Inc | 34 | ||||||
970 | * | LHC Group, Inc | 194 | |||||
1,549 | * | LivaNova plc | 130 | |||||
735 | * | Magellan Health Services, Inc | 69 | |||||
1,557 | * | Masimo Corp | 377 | |||||
4,872 | McKesson Corp | 932 | ||||||
2,494 | * | MEDNAX, Inc | 75 | |||||
40,615 | Medtronic plc | 5,042 | ||||||
1,637 | * | Meridian Bioscience, Inc | 36 | |||||
1,636 | * | Merit Medical Systems, Inc | 106 | |||||
126 | Mesa Laboratories, Inc | 34 | ||||||
402 | * | Misonix Inc | 9 | |||||
426 | * | ModivCare, Inc | 72 | |||||
1,782 | * | Molina Healthcare, Inc | 451 | |||||
11,636 | * | Multiplan Corp | 111 | |||||
212 | National Healthcare Corp | 15 | ||||||
357 | National Research Corp | 16 | ||||||
1,257 | * | Natus Medical, Inc | 33 | |||||
2,862 | * | Neogen Corp | 132 | |||||
720 | * | Neuronetics, Inc | 12 | |||||
1,074 | * | Nevro Corp | 178 | |||||
1,960 | * | NextGen Healthcare, Inc | 32 | |||||
3,057 | * | Novocure Ltd | 678 | |||||
1,734 | * | NuVasive, Inc | 118 | |||||
3,059 | * | Oak Street Health, Inc | 179 | |||||
1,384 | * | Omnicell, Inc | 210 | |||||
256 | *,e | Ontrak, Inc | 8 | |||||
578 | * | OptimizeRx Corp | 36 | |||||
3,134 | * | Option Care Health, Inc | 69 | |||||
2,181 | * | OraSure Technologies, Inc | 22 | |||||
2,612 | * | Ortho Clinical Diagnostics Holdings plc | 56 | |||||
679 | * | Orthofix Medical Inc | 27 | |||||
357 | * | OrthoPediatrics Corp | 23 | |||||
1,325 | * | Outset Medical, Inc | 66 | |||||
2,217 | Owens & Minor, Inc | 94 | ||||||
2,772 | Patterson Cos, Inc | 84 |
21
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
2,068 | * | PAVmed, Inc | $ | 13 | ||||
942 | * | Pennant Group, Inc | 38 | |||||
1,045 | * | Penumbra, Inc | 286 | |||||
619 | *,e | PetIQ, Inc | 24 | |||||
1,056 | * | Phreesia, Inc | 65 | |||||
3,726 | Premier, Inc | 130 | ||||||
468 | * | Privia Health Group, Inc | 21 | |||||
1,851 | * | Progyny, Inc | 109 | |||||
711 | * | Pulmonx Corp | 31 | |||||
438 | *,e | Pulse Biosciences, Inc | 7 | |||||
4,020 | Quest Diagnostics, Inc | 530 | ||||||
1,171 | * | Quidel Corp | 150 | |||||
1,933 | * | Quotient Ltd | 7 | |||||
3,887 | * | R1 RCM, Inc | 86 | |||||
1,510 | * | RadNet, Inc | 51 | |||||
4,384 | Resmed, Inc | 1,081 | ||||||
1,342 | * | Schrodinger, Inc | 101 | |||||
640 | * | SeaSpine Holdings Corp | 13 | |||||
3,129 | Select Medical Holdings Corp | 132 | ||||||
12,510 | * | Senseonics Holdings, Inc | 48 | |||||
996 | * | Shockwave Medical Inc | 189 | |||||
815 | * | SI-BONE, Inc | 26 | |||||
1,584 | * | Sientra, Inc | 13 | |||||
607 | * | Signify Health, Inc | 18 | |||||
987 | * | Silk Road Medical Inc | 47 | |||||
414 | Simulations Plus, Inc | 23 | ||||||
1,009 | * | SOC Telemed, Inc | 6 | |||||
225 | * | Soliton Inc | 5 | |||||
1,447 | * | Staar Surgical Co | 221 | |||||
1,333 | * | Stereotaxis, Inc | 13 | |||||
2,905 | STERIS plc | 599 | ||||||
10,568 | Stryker Corp | 2,745 | ||||||
927 | * | Surgery Partners, Inc | 62 | |||||
516 | * | SurModics, Inc | 28 | |||||
641 | *,e | Tabula Rasa HealthCare, Inc | 32 | |||||
468 | * | Tactile Systems Technology, Inc | 24 | |||||
1,948 | * | Tandem Diabetes Care, Inc | 190 | |||||
4,399 | * | Teladoc, Inc | 731 | |||||
1,398 | Teleflex, Inc | 562 | ||||||
3,172 | * | Tenet Healthcare Corp | 212 | |||||
1,218 | * | Tivity Health, Inc | 32 | |||||
604 | * | Transmedics Group, Inc | 20 | |||||
175 | * | Treace Medical Concepts, Inc | 5 | |||||
996 | * | Triple-S Management Corp (Class B) | 22 | |||||
28,454 | UnitedHealth Group, Inc | 11,394 | ||||||
2,170 | �� | Universal Health Services, Inc (Class B) | 318 | |||||
468 | US Physical Therapy, Inc | 54 | ||||||
149 | Utah Medical Products, Inc | 13 | ||||||
627 | * | Vapotherm, Inc | 15 | |||||
1,492 | * | Varex Imaging Corp | 40 | |||||
4,162 | * | Veeva Systems, Inc | 1,294 | |||||
1,066 | * | Viemed Healthcare, Inc | 8 | |||||
3,908 | * | ViewRay, Inc | 26 | |||||
1,082 | * | Vocera Communications, Inc | 43 | |||||
2,186 | West Pharmaceutical Services, Inc | 785 | ||||||
6,355 | Zimmer Biomet Holdings, Inc | 1,022 | ||||||
953 | *,e | Zynex Inc | 15 | |||||
|
| |||||||
TOTAL HEALTH CARE EQUIPMENT & SERVICES | 84,074 | |||||||
|
| |||||||
HOUSEHOLD & PERSONAL PRODUCTS - 1.3% | ||||||||
656 | * | Beauty Health Co | 11 | |||||
1,245 | * | BellRing Brands, Inc | 39 | |||||
400 | * | Central Garden & Pet Co | 21 | |||||
1,366 | * | Central Garden and Pet Co (Class A) | 66 |
22
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
7,382 | Church & Dwight Co, Inc | $ | 629 | |||||
3,820 | Clorox Co | 687 | ||||||
25,299 | Colgate-Palmolive Co | 2,058 | ||||||
9,161 | * | Coty, Inc | 86 | |||||
1,561 | Edgewell Personal Care Co | 68 | ||||||
1,085 | * | elf Beauty, Inc | 29 | |||||
2,086 | Energizer Holdings, Inc | 90 | ||||||
6,944 | Estee Lauder Cos (Class A) | 2,209 | ||||||
2,976 | * | Herbalife Nutrition Ltd | 157 | |||||
735 | Inter Parfums, Inc | 53 | ||||||
10,273 | Kimberly-Clark Corp | 1,374 | ||||||
366 | Medifast, Inc | 104 | ||||||
537 | Nature’s Sunshine Products, Inc | 9 | ||||||
1,594 | Nu Skin Enterprises, Inc (Class A) | 90 | ||||||
255 | Oil-Dri Corp of America | 9 | ||||||
73,602 | Procter & Gamble Co | 9,931 | ||||||
480 | *,e | Revlon, Inc (Class A) | 6 | |||||
1,260 | Reynolds Consumer Products, Inc | 38 | ||||||
1,309 | Spectrum Brands Holdings, Inc | 111 | ||||||
426 | * | USANA Health Sciences, Inc | 44 | |||||
1,597 | * | Veru, Inc | 13 | |||||
443 | WD-40 Co | 114 | ||||||
|
| |||||||
TOTAL HOUSEHOLD & PERSONAL PRODUCTS | 18,046 | |||||||
|
| |||||||
INSURANCE - 2.0% | ||||||||
20,514 | Aflac, Inc | 1,101 | ||||||
421 | * | Alleghany Corp | 281 | |||||
9,022 | Allstate Corp | 1,177 | ||||||
1,747 | * | AMBAC Financial Group, Inc | 27 | |||||
2,546 | American Equity Investment Life Holding Co | 82 | ||||||
2,151 | American Financial Group, Inc | 268 | ||||||
26,203 | American International Group, Inc | 1,247 | ||||||
80 | American National Group, Inc | 12 | ||||||
751 | Amerisafe, Inc | 45 | ||||||
6,784 | Aon plc | 1,620 | ||||||
11,535 | * | Arch Capital Group Ltd | 449 | |||||
1,084 | Argo Group International Holdings Ltd | 56 | ||||||
5,903 | Arthur J. Gallagher & Co | 827 | ||||||
1,802 | Assurant, Inc | 281 | ||||||
2,339 | Assured Guaranty Ltd | 111 | ||||||
3,443 | * | Athene Holding Ltd | 232 | |||||
2,014 | Axis Capital Holdings Ltd | 99 | ||||||
2,527 | * | Brighthouse Financial, Inc | 115 | |||||
7,135 | Brown & Brown, Inc | 379 | ||||||
1,025 | * | BRP Group, Inc | 27 | |||||
13,569 | Chubb Ltd | 2,157 | ||||||
4,580 | Cincinnati Financial Corp | 534 | ||||||
2,162 | *,e | Citizens, Inc (Class A) | 11 | |||||
758 | CNA Financial Corp | 34 | ||||||
4,045 | Conseco, Inc | 96 | ||||||
406 | Donegal Group, Inc (Class A) | 6 | ||||||
746 | * | eHealth, Inc | 44 | |||||
1,061 | Employers Holdings, Inc | 45 | ||||||
294 | * | Enstar Group Ltd | 70 | |||||
689 | Erie Indemnity Co (Class A) | 133 | ||||||
1,169 | Everest Re Group Ltd | 295 | ||||||
8,198 | Fidelity National Financial Inc | 356 | ||||||
2,961 | First American Financial Corp | 185 | ||||||
14,243 | * | Genworth Financial, Inc (Class A) | 56 | |||||
3,161 | Globe Life, Inc | 301 | ||||||
1,121 | * | GoHealth, Inc | 13 | |||||
512 | Goosehead Insurance, Inc | 65 | ||||||
621 | * | Greenlight Capital Re Ltd (Class A) | 6 | |||||
1,148 | Hanover Insurance Group, Inc | 156 |
23
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
10,884 | Hartford Financial Services Group, Inc | $ | 674 | |||||
290 | e | HCI Group, Inc | 29 | |||||
1,074 | Heritage Insurance Holdings, Inc | 9 | ||||||
1,591 | Horace Mann Educators Corp | 60 | ||||||
345 | Independence Holding Co | 16 | ||||||
62 | Investors Title Co | 11 | ||||||
646 | James River Group Holdings Ltd | 24 | ||||||
1,556 | Kemper Corp | 115 | ||||||
651 | Kinsale Capital Group, Inc | 107 | ||||||
1,146 | * | Lemonade, Inc | 125 | |||||
5,511 | Lincoln National Corp | 346 | ||||||
6,835 | Loews Corp | 374 | ||||||
422 | * | Markel Corp | 501 | |||||
15,354 | Marsh & McLennan Cos, Inc | 2,160 | ||||||
2,049 | * | MBIA, Inc | 23 | |||||
754 | Mercury General Corp | 49 | ||||||
22,574 | Metlife, Inc | 1,351 | ||||||
648 | * | MetroMile, Inc | 6 | |||||
92 | National Western Life Group, Inc | 21 | ||||||
394 | * | NI Holdings, Inc | 7 | |||||
9,089 | Old Republic International Corp | 226 | ||||||
682 | * | Palomar Holdings, Inc | 51 | |||||
1,239 | Primerica, Inc | 190 | ||||||
8,393 | Principal Financial Group | 530 | ||||||
1,956 | ProAssurance Corp | 44 | ||||||
17,707 | Progressive Corp | 1,739 | ||||||
12,095 | Prudential Financial, Inc | 1,239 | ||||||
2,140 | Reinsurance Group of America, Inc (Class A) | 244 | ||||||
1,575 | RenaissanceRe Holdings Ltd | 234 | ||||||
1,226 | RLI Corp | 128 | ||||||
192 | Safety Insurance Group, Inc | 15 | ||||||
1,895 | Selective Insurance Group, Inc | 154 | ||||||
4,001 | * | Selectquote, Inc | 77 | |||||
2,745 | * | SiriusPoint Ltd | 28 | |||||
630 | State Auto Financial Corp | 11 | ||||||
815 | Stewart Information Services Corp | 46 | ||||||
1,255 | Tiptree Inc | 12 | ||||||
7,621 | Travelers Cos, Inc | 1,141 | ||||||
1,119 | * | Trupanion, Inc | 129 | |||||
844 | United Fire Group Inc | 23 | ||||||
739 | United Insurance Holdings Corp | 4 | ||||||
1,340 | Universal Insurance Holdings, Inc | 19 | ||||||
4,932 | Unum Group | 140 | ||||||
4,322 | W.R. Berkley Corp | 322 | ||||||
615 | * | Watford Holdings Ltd | 22 | |||||
105 | White Mountains Insurance Group Ltd | 121 | ||||||
3,902 | Willis Towers Watson plc | 898 | ||||||
|
| |||||||
TOTAL INSURANCE | 26,794 | |||||||
|
| |||||||
MATERIALS - 2.5% | ||||||||
889 | * | AdvanSix, Inc | 26 | |||||
6,688 | Air Products & Chemicals, Inc | 1,924 | ||||||
3,587 | Albemarle Corp | 604 | ||||||
5,455 | * | Alcoa Corp | 201 | |||||
4,202 | * | Allegheny Technologies, Inc | 88 | |||||
47,396 | Amcor plc | 543 | ||||||
1,143 | American Vanguard Corp | 20 | ||||||
4,987 | * | Amyris, Inc | 82 | |||||
1,717 | Aptargroup, Inc | 242 | ||||||
3,221 | * | Arconic Corp | 115 | |||||
716 | Ardagh Group S.A. | 18 | ||||||
1,771 | Ashland Global Holdings, Inc | 155 | ||||||
2,528 | Avery Dennison Corp | 531 | ||||||
2,934 | Avient Corp | 144 |
24
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
5,815 | * | Axalta Coating Systems Ltd | $ | 177 | ||||
794 | Balchem Corp | 104 | ||||||
9,804 | Ball Corp | 794 | ||||||
3,811 | * | Berry Global Group, Inc | 249 | |||||
1,693 | Cabot Corp | 96 | ||||||
1,812 | Carpenter Technology Corp | 73 | ||||||
3,509 | Celanese Corp (Series A) | 532 | ||||||
1,952 | * | Century Aluminum Co | 25 | |||||
6,646 | CF Industries Holdings, Inc | 342 | ||||||
284 | Chase Corp | 29 | ||||||
5,165 | Chemours Co | 180 | ||||||
623 | * | Clearwater Paper Corp | 18 | |||||
13,430 | *,e | Cleveland-Cliffs, Inc | 290 | |||||
6,825 | * | Coeur Mining, Inc | 61 | |||||
2,958 | Commercial Metals Co | 91 | ||||||
1,021 | Compass Minerals International, Inc | 60 | ||||||
3,240 | * | Constellium SE | 61 | |||||
22,360 | Corteva, Inc | 992 | ||||||
3,733 | Crown Holdings, Inc | 382 | ||||||
1,980 | * | Danimer Scientific, Inc | 50 | |||||
297 | * | Diversey Holdings Ltd | 5 | |||||
1,526 | * | Domtar Corp | 84 | |||||
22,654 | Dow, Inc | 1,433 | ||||||
16,212 | DuPont de Nemours, Inc | 1,255 | ||||||
1,248 | Eagle Materials, Inc | 177 | ||||||
4,180 | Eastman Chemical Co | 488 | ||||||
7,581 | Ecolab, Inc | 1,561 | ||||||
6,085 | Element Solutions, Inc | 142 | ||||||
2,253 | * | Ferro Corp | 49 | |||||
2,943 | *,† | Ferroglobe plc | 0 | |||||
3,799 | FMC Corp | 411 | ||||||
657 | * | Forterra, Inc | 15 | |||||
44,466 | Freeport-McMoRan, Inc (Class B) | 1,650 | ||||||
954 | FutureFuel Corp | 9 | ||||||
916 | * | Gatos Silver, Inc | 16 | |||||
1,276 | * | GCP Applied Technologies, Inc | 30 | |||||
1,827 | Glatfelter Corp | 25 | ||||||
7,879 | Graphic Packaging Holding Co | 143 | ||||||
985 | Greif, Inc (Class A) | 60 | ||||||
203 | Greif, Inc (Class B) | 12 | ||||||
1,761 | H.B. Fuller Co | 112 | ||||||
754 | Hawkins, Inc | 25 | ||||||
501 | Haynes International, Inc | 18 | ||||||
16,414 | Hecla Mining Co | 122 | ||||||
6,401 | Huntsman Corp | 170 | ||||||
1,288 | * | Ingevity Corp | 105 | |||||
872 | Innospec, Inc | 79 | ||||||
7,583 | International Flavors & Fragrances, Inc | 1,133 | ||||||
12,028 | International Paper Co | 737 | ||||||
362 | * | Intrepid Potash, Inc | 11 | |||||
443 | Kaiser Aluminum Corp | 55 | ||||||
850 | * | Koppers Holdings, Inc | 27 | |||||
929 | * | Kraton Corp | 30 | |||||
893 | Kronos Worldwide, Inc | 13 | ||||||
4,227 | * | Livent Corp | 82 | |||||
2,946 | Louisiana-Pacific Corp | 178 | ||||||
8,001 | LyondellBasell Industries NV | 823 | ||||||
1,916 | Martin Marietta Materials, Inc | 674 | ||||||
679 | Materion Corp | 51 | ||||||
838 | Minerals Technologies, Inc | 66 | ||||||
10,560 | Mosaic Co | 337 | ||||||
2,135 | * | MP Materials Corp | 79 | |||||
871 | Myers Industries, Inc | 18 | ||||||
642 | Neenah Inc | 32 |
25
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
209 | NewMarket Corp | $ | 67 | |||||
24,386 | Newmont Goldcorp Corp | 1,546 | ||||||
8,146 | * | Novagold Resources Inc | 65 | |||||
9,151 | Nucor Corp | 878 | ||||||
5,026 | * | O-I Glass, Inc | 82 | |||||
4,186 | Olin Corp | 194 | ||||||
395 | Olympic Steel, Inc | 12 | ||||||
2,087 | * | Orion Engineered Carbons SA | 40 | |||||
2,908 | Packaging Corp of America | 394 | ||||||
728 | Pactiv Evergreen, Inc | 11 | ||||||
659 | * | Perpetua Resources Corp | 5 | |||||
7,195 | PPG Industries, Inc | 1,221 | ||||||
890 | PQ Group Holdings, Inc | 14 | ||||||
673 | *,e | PureCycle Technologies, Inc | 16 | |||||
452 | Quaker Chemical Corp | 107 | ||||||
821 | * | Ranpak Holdings Corp | 21 | |||||
1,744 | * | Rayonier Advanced Materials, Inc | 12 | |||||
1,900 | Reliance Steel & Aluminum Co | 287 | ||||||
1,819 | Royal Gold, Inc | 208 | ||||||
3,925 | RPM International, Inc | 348 | ||||||
592 | * | Ryerson Holding Corp | 9 | |||||
941 | Schnitzer Steel Industries, Inc (Class A) | 46 | ||||||
766 | Schweitzer-Mauduit International, Inc | 31 | ||||||
1,142 | Scotts Miracle-Gro Co (Class A) | 219 | ||||||
4,592 | Sealed Air Corp | 272 | ||||||
1,015 | Sensient Technologies Corp | 88 | ||||||
7,392 | Sherwin-Williams Co | 2,014 | ||||||
2,434 | Silgan Holdings, Inc | 101 | ||||||
3,066 | Sonoco Products Co | 205 | ||||||
2,484 | Southern Copper Corp | 160 | ||||||
6,225 | Steel Dynamics, Inc | 371 | ||||||
479 | Stepan Co | 58 | ||||||
3,397 | * | Summit Materials, Inc | 118 | |||||
2,524 | SunCoke Energy, Inc | 18 | ||||||
1,535 | * | TimkenSteel Corp | 22 | |||||
1,164 | Tredegar Corp | 16 | ||||||
1,292 | Trinseo S.A. | 77 | ||||||
3,174 | Tronox Holdings plc | 71 | ||||||
226 | * | UFP Technologies, Inc | 13 | |||||
66 | United States Lime & Minerals, Inc | 9 | ||||||
7,852 | United States Steel Corp | 188 | ||||||
577 | * | US Concrete, Inc | 43 | |||||
5,735 | Valvoline, Inc | 186 | ||||||
1,233 | Verso Corp | 22 | ||||||
4,078 | Vulcan Materials Co | 710 | ||||||
1,811 | W R Grace & Co | 125 | ||||||
1,812 | Warrior Met Coal, Inc | 31 | ||||||
1,167 | Westlake Chemical Corp | 105 | ||||||
8,064 | WestRock Co | 429 | ||||||
858 | Worthington Industries, Inc | 52 | ||||||
333 | * | Zymergen, Inc | 13 | |||||
|
| |||||||
TOTAL MATERIALS | 33,191 | |||||||
|
| |||||||
MEDIA & ENTERTAINMENT - 8.8% | ||||||||
23,257 | Activision Blizzard, Inc | 2,220 | ||||||
1,783 | * | Advantage Solutions, Inc | 19 | |||||
9,104 | * | Alphabet, Inc (Class A) | 22,230 | |||||
8,584 | * | Alphabet, Inc (Class C) | 21,514 | |||||
6,750 | * | Altice USA, Inc | 230 | |||||
12,221 | * | AMC Entertainment Holdings, Inc | 693 | |||||
921 | * | AMC Networks, Inc | 61 | |||||
353 | * | Boston Omaha Corp | 11 | |||||
163 | Cable One, Inc | 312 | ||||||
941 | * | Cardlytics, Inc | 119 |
26
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
2,709 | * | Cargurus, Inc | $ | 71 | ||||
2,223 | * | Cars.com, Inc | 32 | |||||
3,980 | * | Charter Communications, Inc | 2,871 | |||||
296 | * | Chicken Soup For The Soul Entertainment, Inc | 12 | |||||
3,434 | * | Cinemark Holdings, Inc | 75 | |||||
10,518 | * | Clear Channel | 28 | |||||
137,840 | Comcast Corp (Class A) | 7,860 | ||||||
1,824 | * | comScore, Inc | 9 | |||||
690 | *,e | CuriosityStream, Inc | 9 | |||||
46 | * | Daily Journal Corp | 16 | |||||
4,788 | *,e | Discovery, Inc (Class A) | 147 | |||||
9,197 | * | Discovery, Inc (Class C) | 267 | |||||
7,763 | * | DISH Network Corp (Class A) | 324 | |||||
8,720 | Electronic Arts, Inc | 1,254 | ||||||
568 | * | Emerald Holding, Inc | 3 | |||||
4,712 | * | Entercom Communications Corp | 20 | |||||
2,637 | Entravision Communications Corp (Class A) | 18 | ||||||
8,167 | * | Eros STX Global Corp | 12 | |||||
2,165 | * | Eventbrite Inc | 41 | |||||
452 | * | EverQuote Inc | 15 | |||||
1,941 | EW Scripps Co (Class A) | 40 | ||||||
72,442 | * | Facebook, Inc | 25,189 | |||||
2,575 | * | Fluent, Inc | 8 | |||||
9,927 | Fox Corp (Class A) | 369 | ||||||
4,763 | Fox Corp (Class B) | 168 | ||||||
3,947 | * | fuboTV, Inc | 127 | |||||
4,050 | * | Gannett Co, Inc | 22 | |||||
2,680 | Gray Television, Inc | 63 | ||||||
408 | * | Hemisphere Media Group, Inc | 5 | |||||
2,290 | * | IAC | 353 | |||||
3,188 | * | iHeartMedia, Inc | 86 | |||||
1,677 | * | Imax Corp | 36 | |||||
12,163 | Interpublic Group of Cos, Inc | 395 | ||||||
1,411 | John Wiley & Sons, Inc (Class A) | 85 | ||||||
428 | * | Liberty Braves Group (Class A) | 12 | |||||
1,434 | * | Liberty Braves Group (Class C) | 40 | |||||
661 | * | Liberty Broadband Corp (Class A) | 111 | |||||
4,606 | * | Liberty Broadband Corp (Class C) | 800 | |||||
300 | * | Liberty Media Group (Class A) | 13 | |||||
5,944 | * | Liberty Media Group (Class C) | 287 | |||||
2,524 | * | Liberty SiriusXM Group (Class A) | 118 | |||||
4,971 | * | Liberty SiriusXM Group (Class C) | 231 | |||||
3,006 | * | Liberty TripAdvisor Holdings, Inc | 12 | |||||
2,000 | * | Lions Gate Entertainment Corp (Class A) | 41 | |||||
3,835 | * | Lions Gate Entertainment Corp (Class B) | 70 | |||||
4,097 | * | Live Nation, Inc | 359 | |||||
1,013 | * | LiveXLive Media, Inc | 5 | |||||
190 | Loral Space & Communications, Inc | 7 | ||||||
627 | * | Madison Square Garden Co | 108 | |||||
627 | * | Madison Square Garden Entertainment Corp | 53 | |||||
3,246 | * | Magnite, Inc | 110 | |||||
736 | *,e | Marcus Corp | 16 | |||||
8,083 | * | Match Group, Inc | 1,303 | |||||
1,585 | * | MDC Partners, Inc | 9 | |||||
584 | * | MediaAlpha, Inc | 25 | |||||
1,180 | * | Meredith Corp | 51 | |||||
1,195 | * | MSG Networks, Inc | 17 | |||||
2,714 | National CineMedia, Inc | 14 | ||||||
13,074 | * | Netflix, Inc | 6,906 | |||||
5,138 | New York Times Co (Class A) | 224 | ||||||
11,739 | News Corp (Class A) | 302 | ||||||
3,112 | News Corp (Class B) | 76 | ||||||
1,183 | Nexstar Media Group Inc | 175 | ||||||
6,563 | Omnicom Group, Inc | 525 | ||||||
16,442 | * | Pinterest, Inc | 1,298 |
27
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
2,217 | * | Playtika Holding Corp | $ | 53 | ||||
1,192 | * | QuinStreet, Inc | 22 | |||||
3,467 | * | Roku, Inc | 1,592 | |||||
1,096 | Scholastic Corp | 42 | ||||||
1,688 | Sinclair Broadcast Group, Inc (Class A) | 56 | ||||||
28,000 | e | Sirius XM Holdings, Inc | 183 | |||||
8,841 | * | Skillz, Inc | 192 | |||||
4,153 | * | Spotify Technology S.A. | 1,145 | |||||
3,488 | * | Take-Two Interactive Software, Inc | 617 | |||||
708 | * | TechTarget, Inc | 55 | |||||
6,883 | TEGNA, Inc | 129 | ||||||
2,932 | * | TripAdvisor, Inc | 118 | |||||
2,406 | * | TrueCar, Inc | 14 | |||||
23,684 | * | Twitter, Inc | 1,630 | |||||
244 | ViacomCBS, Inc (Class A) | 12 | ||||||
17,510 | ViacomCBS, Inc (Class B) | 791 | ||||||
3,717 | * | Vimeo, Inc | 182 | |||||
54,965 | * | Walt Disney Co | 9,661 | |||||
1,263 | * | WideOpenWest, Inc | 26 | |||||
1,422 | World Wrestling Entertainment, Inc (Class A) | 82 | ||||||
2,109 | * | Yelp, Inc | 84 | |||||
1,844 | * | Zillow Group, Inc (Class A) | 226 | |||||
4,924 | * | Zillow Group, Inc (Class C) | 602 | |||||
28,917 | * | Zynga, Inc | 307 | |||||
|
| |||||||
TOTAL MEDIA & ENTERTAINMENT | 118,578 | |||||||
|
| |||||||
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 7.2% | ||||||||
2,501 | * | 10X Genomics, Inc | 490 | |||||
259 | * | 4D Molecular Therapeutics, Inc | 6 | |||||
6,325 | * | 9 Meters Biopharma, Inc | 7 | |||||
53,459 | AbbVie, Inc | 6,022 | ||||||
3,739 | * | Acadia Pharmaceuticals, Inc | 91 | |||||
1,640 | * | Acceleron Pharma, Inc | 206 | |||||
1,289 | * | Aclaris Therapeutics, Inc | 23 | |||||
3,224 | * | Adaptive Biotechnologies Corp | 132 | |||||
546 | * | Adicet Bio, Inc | 6 | |||||
2,388 | * | Adverum Biotechnologies, Inc | 8 | |||||
1,277 | * | Aeglea BioTherapeutics, Inc | 9 | |||||
1,175 | * | Aerie Pharmaceuticals, Inc | 19 | |||||
3,354 | * | Affimed NV | 29 | |||||
5,844 | * | Agenus, Inc | 32 | |||||
9,249 | Agilent Technologies, Inc | 1,367 | ||||||
1,876 | * | Agios Pharmaceuticals, Inc | 103 | |||||
3,952 | * | Akebia Therapeutics, Inc | 15 | |||||
718 | * | Akero Therapeutics, Inc | 18 | |||||
708 | * | Akouos, Inc | 9 | |||||
332 | * | Albireo Pharma, Inc | 12 | |||||
2,198 | *,† | Alder Biopharmaceuticals Inc | 2 | |||||
1,373 | * | Aldeyra Therapeutics, Inc | 16 | |||||
1,504 | * | Alector, Inc | 31 | |||||
6,546 | * | Alexion Pharmaceuticals, Inc | 1,203 | |||||
535 | * | Aligos Therapeutics, Inc | 11 | |||||
5,160 | * | Alkermes plc | 127 | |||||
1,018 | * | Allakos, Inc | 87 | |||||
1,951 | * | Allogene Therapeutics, Inc | 51 | |||||
845 | * | Allovir, Inc | 17 | |||||
3,604 | * | Alnylam Pharmaceuticals, Inc | 611 | |||||
971 | * | Altimmune, Inc | 10 | |||||
515 | * | ALX Oncology Holdings, Inc | 28 | |||||
17,399 | Amgen, Inc | 4,241 | ||||||
8,241 | * | Amicus Therapeutics, Inc | 79 | |||||
2,888 | * | Amneal Pharmaceuticals, Inc | 15 | |||||
1,331 | * | Amphastar Pharmaceuticals, Inc | 27 | |||||
5,455 | *,e | Ampio Pharmaceuticals, Inc | 9 |
28
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
679 | * | AnaptysBio, Inc | $ | 18 | ||||
1,840 | *,e | Anavex Life Sciences Corp | 42 | |||||
292 | * | ANI Pharmaceuticals, Inc | 10 | |||||
566 | * | Anika Therapeutics, Inc | 24 | |||||
897 | * | Annexon, Inc | 20 | |||||
5,621 | * | Antares Pharma, Inc | 25 | |||||
1,954 | * | Apellis Pharmaceuticals, Inc | 123 | |||||
728 | *,e | Applied Molecular Transport, Inc | 33 | |||||
433 | * | Applied Therapeutics, Inc | 9 | |||||
1,429 | * | AquaBounty Technologies, Inc | 8 | |||||
2,291 | *,e | Arbutus Biopharma Corp | 7 | |||||
625 | * | Arcturus Therapeutics Holdings, Inc | 21 | |||||
1,321 | * | Arcus Biosciences, Inc | 36 | |||||
782 | * | Arcutis Biotherapeutics, Inc | 21 | |||||
2,302 | * | Ardelyx, Inc | 17 | |||||
1,827 | * | Arena Pharmaceuticals, Inc | 125 | |||||
3,104 | * | Arrowhead Pharmaceuticals Inc | 257 | |||||
1,292 | * | Arvinas, Inc | 99 | |||||
2,394 | * | Atara Biotherapeutics, Inc | 37 | |||||
1,878 | * | Atea Pharmaceuticals, Inc | 40 | |||||
2,321 | * | Athenex, Inc | 11 | |||||
11,419 | *,e | Athersys, Inc | 16 | |||||
866 | *,e | Athira Pharma, Inc | 9 | |||||
3,540 | * | Atossa Therapeutics, Inc | 22 | |||||
684 | *,e | Atreca, Inc | 6 | |||||
17,155 | * | Avantor, Inc | 609 | |||||
1,798 | * | Avid Bioservices, Inc | 46 | |||||
875 | * | Avidity Biosciences, Inc | 22 | |||||
611 | * | Avita Medical, Inc | 13 | |||||
645 | * | Avrobio, Inc | 6 | |||||
854 | * | Axsome Therapeutics, Inc | 58 | |||||
1,401 | *,e | Beam Therapeutics, Inc | 180 | |||||
1,405 | * | Berkeley Lights, Inc | 63 | |||||
611 | * | Beyondspring Inc | 6 | |||||
340 | *,e | BioAtla, Inc | 14 | |||||
5,428 | *,e | BioCryst Pharmaceuticals, Inc | 86 | |||||
2,860 | * | BioDelivery Sciences International, Inc | 10 | |||||
4,546 | * | Biogen, Inc | 1,574 | |||||
1,538 | * | Biohaven Pharmaceutical Holding Co Ltd | 149 | |||||
5,654 | * | BioMarin Pharmaceutical, Inc | 472 | |||||
8,439 | * | Bionano Genomics, Inc | 62 | |||||
660 | * | Bio-Rad Laboratories, Inc (Class A) | 425 | |||||
1,193 | Bio-Techne Corp | 537 | ||||||
343 | * | Bioxcel Therapeutics Inc | 10 | |||||
377 | *,e | Black Diamond Therapeutics, Inc | 5 | |||||
2,108 | * | Bluebird Bio, Inc | 67 | |||||
1,758 | * | Blueprint Medicines Corp | 155 | |||||
362 | * | Bolt Biotherapeutics, Inc | 6 | |||||
3,248 | * | Bridgebio Pharma, Inc | 198 | |||||
67,586 | Bristol-Myers Squibb Co | 4,516 | ||||||
709 | * | Brooklyn ImmunoTherapeutics, Inc | 13 | |||||
3,225 | Bruker BioSciences Corp | 245 | ||||||
970 | * | C4 Therapeutics, Inc | 37 | |||||
1,052 | * | Cara Therapeutics, Inc | 15 | |||||
1,067 | * | Cardiff Oncology, Inc | 7 | |||||
1,462 | * | CareDx, Inc | 134 | |||||
1,147 | * | Cassava Sciences, Inc | 98 | |||||
4,893 | * | Catalent, Inc | 529 | |||||
3,681 | * | Catalyst Pharmaceuticals, Inc | 21 | |||||
222 | * | Celcuity, Inc | 5 | |||||
1,148 | * | Celldex Therapeutics, Inc | 38 | |||||
1,391 | *,e | CEL-SCI Corp | 12 | |||||
2,050 | *,e | Cerecor Inc | 7 | |||||
939 | * | Cerevel Therapeutics Holdings, Inc | 24 |
29
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
1,537 | * | Charles River Laboratories International, Inc | $ | 569 | ||||
1,390 | * | ChemoCentryx, Inc | 19 | |||||
1,747 | * | Chimerix, Inc | 14 | |||||
887 | * | Chinook Therapeutics, Inc | 13 | |||||
1,198 | *,e | ChromaDex Corp | 12 | |||||
3,254 | * | Citius Pharmaceuticals, Inc | 11 | |||||
587 | * | Clene, Inc | 7 | |||||
2,978 | *,e | Clovis Oncology, Inc | 17 | |||||
1,647 | * | Codexis, Inc | 37 | |||||
453 | * | Codiak Biosciences, Inc | 8 | |||||
1,061 | * | Cogent Biosciences, Inc | 9 | |||||
2,173 | * | Coherus Biosciences, Inc | 30 | |||||
877 | * | Collegium Pharmaceutical, Inc | 21 | |||||
1,068 | * | Constellation Pharmaceuticals, Inc | 36 | |||||
3,236 | * | Corcept Therapeutics, Inc | 71 | |||||
1,298 | *,e | CorMedix Inc | 9 | |||||
590 | *,e | Cortexyme Inc | 31 | |||||
938 | * | Crinetics Pharmaceuticals, Inc | 18 | |||||
669 | * | Cue Biopharma, Inc | 8 | |||||
377 | * | Cullinan Oncology, Inc | 10 | |||||
1,574 | *,e | CureVac NV | 116 | |||||
2,513 | * | Curis, Inc | 20 | |||||
2,162 | * | Cymabay Therapeutics, Inc | 9 | |||||
1,934 | * | Cytokinetics, Inc | 38 | |||||
1,148 | * | CytomX Therapeutics, Inc | 7 | |||||
1,209 | * | Deciphera Pharmaceuticals, Inc | 44 | |||||
2,697 | * | Denali Therapeutics, Inc | 212 | |||||
702 | *,e | DermTech, Inc | 29 | |||||
313 | * | Design Therapeutics, Inc | 6 | |||||
2,079 | * | Dicerna Pharmaceuticals, Inc | 78 | |||||
6,351 | * | Durect Corp | 10 | |||||
3,515 | *,e | Dynavax Technologies Corp | 35 | |||||
858 | * | Dyne Therapeutics, Inc | 18 | |||||
323 | * | Eagle Pharmaceuticals, Inc | 14 | |||||
262 | * | Edgewise Therapeutics, Inc | 6 | |||||
2,042 | * | Editas Medicine, Inc | 116 | |||||
933 | * | Eiger BioPharmaceuticals, Inc | 8 | |||||
13,180 | * | Elanco Animal Health, Inc | 457 | |||||
25,672 | Eli Lilly & Co | 5,892 | ||||||
1,340 | * | Emergent Biosolutions, Inc | 84 | |||||
648 | * | Enanta Pharmaceuticals, Inc | 29 | |||||
6,460 | * | Endo International plc | 30 | |||||
2,725 | * | Epizyme, Inc | 23 | |||||
876 | * | Esperion Thereapeutics, Inc | 19 | |||||
887 | *,e | Evelo Biosciences, Inc | 12 | |||||
702 | * | Evolus, Inc | 9 | |||||
5,124 | * | Exact Sciences Corp | 637 | |||||
9,779 | * | Exelixis, Inc | 178 | |||||
602 | * | EyePoint Pharmaceuticals, Inc | 5 | |||||
2,380 | * | Fate Therapeutics, Inc | 207 | |||||
2,752 | * | FibroGen, Inc | 73 | |||||
1,094 | * | Flexion Therapeutics, Inc | 9 | |||||
2,426 | *,e | Fluidigm Corp | 15 | |||||
505 | * | Foghorn Therapeutics, Inc | 5 | |||||
937 | * | Forma Therapeutics Holdings, Inc | 23 | |||||
331 | * | Forte Biosciences, Inc | 11 | |||||
1,841 | * | Fortress Biotech, Inc | 7 | |||||
893 | *,e | Frequency Therapeutics, Inc | 9 | |||||
597 | * | Fulcrum Therapeutics, Inc | 6 | |||||
1,187 | * | G1 Therapeutics, Inc | 26 | |||||
564 | * | Gemini Therapeutics, Inc | 4 | |||||
1,233 | * | Generation Bio Co | 33 | |||||
6,445 | * | Geron Corp | 9 | |||||
38,034 | Gilead Sciences, Inc | 2,619 |
30
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
1,912 | * | Global Blood Therapeutics, Inc | $ | 67 | ||||
1,575 | * | Gossamer Bio, Inc | 13 | |||||
1,019 | * | Gritstone Oncology, Inc | 9 | |||||
701 | * | GT Biopharma, Inc | 11 | |||||
4,274 | * | Halozyme Therapeutics, Inc | 194 | |||||
588 | * | Harmony Biosciences Holdings, Inc | 17 | |||||
507 | * | Harpoon Therapeutics, Inc | 7 | |||||
783 | * | Harvard Bioscience, Inc | 7 | |||||
2,785 | * | Heron Therapeutics, Inc | 43 | |||||
542 | * | Homology Medicines, Inc | 4 | |||||
6,476 | * | Horizon Therapeutics Plc | 606 | |||||
1,324 | * | Humanigen, Inc | 23 | |||||
6,449 | *,e | iBio, Inc | 10 | |||||
950 | * | Ideaya Biosciences, Inc | 20 | |||||
229 | * | IGM Biosciences, Inc | 19 | |||||
4,422 | * | Illumina, Inc | 2,093 | |||||
435 | * | Immunic, Inc | 5 | |||||
1,987 | * | ImmunityBio, Inc | 28 | |||||
5,543 | * | Immunogen, Inc | 37 | |||||
1,107 | * | Immunovant, Inc | 12 | |||||
5,716 | * | Incyte Corp | 481 | |||||
2,454 | * | Infinity Pharmaceuticals, Inc | 7 | |||||
813 | * | Inhibrx, Inc | 22 | |||||
2,407 | * | Innoviva, Inc | 32 | |||||
357 | * | Inotiv, Inc | 10 | |||||
6,194 | *,e | Inovio Pharmaceuticals, Inc | 57 | |||||
368 | * | Inozyme Pharma, Inc | 6 | |||||
3,278 | * | Insmed, Inc | 93 | |||||
400 | * | Instil Bio, Inc | 8 | |||||
1,905 | * | Intellia Therapeutics, Inc | 308 | |||||
836 | * | Intercept Pharmaceuticals, Inc | 17 | |||||
2,067 | * | Intra-Cellular Therapies, Inc | 84 | |||||
5,991 | *,e | Invitae Corp | 202 | |||||
4,403 | * | Ionis Pharmaceuticals, Inc | 176 | |||||
4,447 | * | Iovance Biotherapeutics, Inc | 116 | |||||
5,806 | * | IQVIA Holdings, Inc | 1,407 | |||||
5,284 | * | Ironwood Pharmaceuticals, Inc | 68 | |||||
572 | * | iTeos Therapeutics, Inc | 15 | |||||
2,477 | * | IVERIC bio, Inc | 16 | |||||
1,671 | * | Jazz Pharmaceuticals plc | 297 | |||||
79,661 | Johnson & Johnson | 13,123 | ||||||
724 | * | Jounce Therapeutics, Inc | 5 | |||||
5,123 | * | Kadmon Holdings, Inc | 20 | |||||
1,318 | * | Kala Pharmaceuticals, Inc | 7 | |||||
487 | * | KalVista Pharmaceuticals Inc | 12 | |||||
646 | * | Karuna Therapeutics, Inc | 74 | |||||
2,001 | * | Karyopharm Therapeutics, Inc | 21 | |||||
844 | * | KemPharm, Inc | 11 | |||||
400 | * | Keros Therapeutics, Inc | 17 | |||||
1,311 | * | Kezar Life Sciences, Inc | 7 | |||||
706 | * | Kiniksa Pharmaceuticals Ltd | 10 | |||||
383 | * | Kinnate Biopharma, Inc | 9 | |||||
988 | * | Kodiak Sciences, Inc | 92 | |||||
1,128 | *,e | Kronos Bio, Inc | 27 | |||||
486 | * | Krystal Biotech Inc | 33 | |||||
1,654 | * | Kura Oncology, Inc | 34 | |||||
842 | * | Kymera Therapeutics, Inc | 41 | |||||
1,763 | * | Lexicon Pharmaceuticals, Inc | 8 | |||||
484 | * | Ligand Pharmaceuticals, Inc (Class B) | 63 | |||||
3,301 | *,e | Lineage Cell Therapeutics, Inc | 9 | |||||
1,582 | Luminex Corp | 58 | ||||||
1,721 | * | MacroGenics, Inc | 46 | |||||
275 | * | Madrigal Pharmaceuticals, Inc | 27 | |||||
683 | * | Magenta Therapeutics, Inc | 7 |
31
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
7,710 | *,e | MannKind Corp | $ | 42 | ||||
2,177 | * | Maravai LifeSciences Holdings, Inc | 91 | |||||
1,010 | *,e | Marinus Pharmaceuticals, Inc | 18 | |||||
805 | * | Medpace Holdings, Inc | 142 | |||||
3,862 | * | MEI Pharma, Inc | 11 | |||||
548 | * | MeiraGTx Holdings plc | 8 | |||||
76,681 | Merck & Co, Inc | 5,963 | ||||||
1,994 | * | Mersana Therapeutics, Inc | 27 | |||||
700 | * | Mettler-Toledo International, Inc | 970 | |||||
3,231 | * | MiMedx Group, Inc | 40 | |||||
9,611 | * | Mind Medicine MindMed, Inc | 33 | |||||
1,197 | * | Mirati Therapeutics, Inc | 193 | |||||
10,217 | * | Moderna, Inc | 2,401 | |||||
1,274 | * | Molecular Templates, Inc | 10 | |||||
597 | * | Morphic Holding, Inc | 34 | |||||
2,916 | * | Mustang Bio, Inc | 10 | |||||
2,502 | * | Myriad Genetics, Inc | 77 | |||||
1,328 | * | NanoString Technologies, Inc | 86 | |||||
2,327 | * | Natera, Inc | 264 | |||||
5,467 | * | Nektar Therapeutics | 94 | |||||
3,250 | * | NeoGenomics, Inc | 147 | |||||
1,362 | * | Neoleukin Therapeutics, Inc | 13 | |||||
2,942 | * | Neurocrine Biosciences, Inc | 286 | |||||
761 | * | NGM Biopharmaceuticals Inc | 15 | |||||
496 | * | Nkarta, Inc | 16 | |||||
2,230 | *,e | Novavax, Inc | 473 | |||||
935 | * | Nurix Therapeutics, Inc | 25 | |||||
804 | * | Nuvation Bio, Inc | 7 | |||||
5,511 | * | Ocugen, Inc | 44 | |||||
2,221 | * | Ocular Therapeutix, Inc | 31 | |||||
350 | * | Olema Pharmaceuticals, Inc | 10 | |||||
1,629 | *,e | Omeros Corp | 24 | |||||
2,507 | * | Oncocyte Corp | 14 | |||||
551 | * | Oncorus, Inc | 8 | |||||
1,312 | * | Oncternal Therapeutics, Inc | 6 | |||||
13,300 | * | Opko Health, Inc | 54 | |||||
752 | * | Oramed Pharmaceuticals, Inc | 10 | |||||
1,103 | * | Organogenesis Holdings Inc | 18 | |||||
7,841 | * | Organon & Co | 237 | |||||
672 | * | ORIC Pharmaceuticals, Inc | 12 | |||||
2,475 | * | Outlook Therapeutics, Inc | 6 | |||||
268 | * | Oyster Point Pharma, Inc | 5 | |||||
5,816 | * | Pacific Biosciences of California, Inc | 203 | |||||
1,521 | * | Pacira BioSciences Inc | 92 | |||||
934 | * | Paratek Pharmaceuticals, Inc | 6 | |||||
1,084 | * | Passage Bio, Inc | 14 | |||||
3,431 | PerkinElmer, Inc | 530 | ||||||
4,241 | Perrigo Co plc | 194 | ||||||
1,024 | * | Personalis, Inc | 26 | |||||
168,936 | Pfizer, Inc | 6,616 | ||||||
575 | * | Phathom Pharmaceuticals, Inc | 19 | |||||
720 | Phibro Animal Health Corp | 21 | ||||||
722 | *,e | Pliant Therapeutics, Inc | 21 | |||||
754 | * | PMV Pharmaceuticals, Inc | 26 | |||||
972 | * | Poseida Therapeutics, Inc | 10 | |||||
4,990 | * | PPD, Inc | 230 | |||||
684 | * | Praxis Precision Medicines, Inc | 13 | |||||
2,435 | * | Precigen, Inc | 16 | |||||
1,170 | * | Precision BioSciences Inc | 15 | |||||
251 | *,e | Prelude Therapeutics, Inc | 7 | |||||
1,758 | * | Prestige Consumer Healthcare, Inc. | 92 | |||||
2,427 | *,† | Progenics Pharmaceuticals, Inc | 0 | |||||
280 | * | Prometheus Biosciences, Inc | 7 | |||||
1,206 | * | Protagonist Therapeutics, Inc | 54 |
32
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
1,011 | * | Prothena Corp plc | $ | 52 | ||||
1,356 | *,e | Provention Bio, Inc | 11 | |||||
2,011 | * | PTC Therapeutics, Inc | 85 | |||||
1,119 | * | Puma Biotechnology, Inc | 10 | |||||
6,995 | * | QIAGEN NV | 338 | |||||
914 | * | Quanterix Corp | 54 | |||||
1,455 | * | Radius Health, Inc | 27 | |||||
524 | *,e | RAPT Therapeutics, Inc | 17 | |||||
815 | * | Reata Pharmaceuticals, Inc | 115 | |||||
559 | * | Recursion Pharmaceuticals, Inc | 20 | |||||
3,039 | * | Regeneron Pharmaceuticals, Inc | 1,697 | |||||
1,062 | * | REGENXBIO, Inc | 41 | |||||
1,723 | * | Relay Therapeutics, Inc | 63 | |||||
450 | * | Relmada Therapeutics, Inc | 14 | |||||
1,702 | * | Repligen Corp | 340 | |||||
699 | * | Replimune Group, Inc | 27 | |||||
2,003 | * | Revance Therapeutics, Inc | 59 | |||||
1,744 | * | REVOLUTION Medicines, Inc | 55 | |||||
1,025 | * | Rhythm Pharmaceuticals, Inc | 20 | |||||
4,657 | * | Rigel Pharmaceuticals, Inc | 20 | |||||
1,412 | * | Rocket Pharmaceuticals, Inc | 63 | |||||
9,910 | Royalty Pharma plc | 406 | ||||||
1,226 | * | Rubius Therapeutics, Inc | 30 | |||||
1,665 | * | Sage Therapeutics, Inc | 95 | |||||
777 | * | Sana Biotechnology, Inc | 15 | |||||
3,362 | * | Sangamo Therapeutics Inc | 40 | |||||
2,419 | * | Sarepta Therapeutics, Inc | 188 | |||||
669 | * | Scholar Rock Holding Corp | 19 | |||||
3,999 | * | Seagen, Inc | 631 | |||||
2,233 | * | Seelos Therapeutics, Inc | 6 | |||||
423 | *,e | Seer, Inc | 14 | |||||
3,235 | * | Selecta Biosciences, Inc | 14 | |||||
2,061 | * | Seres Therapeutics, Inc | 49 | |||||
4,951 | * | Sesen Bio, Inc | 23 | |||||
769 | * | Shattuck Labs, Inc | 22 | |||||
1,913 | * | SIGA Technologies, Inc | 12 | |||||
373 | * | Silverback Therapeutics, Inc | 12 | |||||
2,399 | * | Solid Biosciences, Inc | 9 | |||||
8,083 | *,e | Sorrento Therapeutics, Inc | 78 | |||||
2,030 | * | Sotera Health Co | 49 | |||||
4,176 | * | Spectrum Pharmaceuticals, Inc | 16 | |||||
853 | * | Spero Therapeutics, Inc | 12 | |||||
843 | * | SpringWorks Therapeutics, Inc | 69 | |||||
658 | * | SQZ Biotechnologies Co | 10 | |||||
519 | * | Stoke Therapeutics, Inc | 17 | |||||
1,648 | * | Supernus Pharmaceuticals, Inc | 51 | |||||
956 | * | Surface Oncology, Inc | 7 | |||||
1,211 | * | Sutro Biopharma, Inc | 23 | |||||
1,544 | * | Syndax Pharmaceuticals, Inc | 27 | |||||
3,059 | * | Syneos Health, Inc | 274 | |||||
2,140 | *,e | Syros Pharmaceuticals, Inc | 12 | |||||
197 | * | Tarsus Pharmaceuticals, Inc | 6 | |||||
624 | * | Taysha Gene Therapies, Inc | 13 | |||||
785 | * | TCR2 Therapeutics Inc | 13 | |||||
3,788 | * | TG Therapeutics, Inc | 147 | |||||
10,557 | *,e | TherapeuticsMD, Inc | 13 | |||||
1,625 | * | Theravance Biopharma, Inc | 24 | |||||
11,897 | Thermo Fisher Scientific, Inc | 6,002 | ||||||
9,877 | * | Tonix Pharmaceuticals Holding Corp | 11 | |||||
1,954 | * | Translate Bio, Inc | 54 | |||||
1,469 | * | Travere Therapeutics, Inc | 21 | |||||
4,741 | *,e | Trevena, Inc | 8 | |||||
2,885 | * | Trillium Therapeutics, Inc | 28 | |||||
1,339 | * | Turning Point Therapeutics Inc | 104 |
33
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
1,447 | * | Twist Bioscience Corp | $ | 193 | ||||
1,912 | * | Ultragenyx Pharmaceutical, Inc | 182 | |||||
1,359 | * | United Therapeutics Corp | 244 | |||||
657 | *,e | UroGen Pharma Ltd | 10 | |||||
1,691 | * | Vanda Pharmaceuticals, Inc | 36 | |||||
3,587 | *,e | Vaxart Inc | 27 | |||||
1,156 | * | Vaxcyte, Inc | 26 | |||||
5,494 | * | VBI Vaccines, Inc | 18 | |||||
1,983 | * | Veracyte, Inc | 79 | |||||
4,988 | * | Verastem, Inc | 20 | |||||
1,345 | * | Vericel Corp | 71 | |||||
7,879 | * | Vertex Pharmaceuticals, Inc | 1,589 | |||||
36,677 | Viatris, Inc | 524 | ||||||
1,592 | *,e | Viking Therapeutics, Inc | 10 | |||||
1,798 | * | Vir Biotechnology, Inc | 85 | |||||
1,063 | * | Viracta Therapeutics, Inc | 12 | |||||
5,638 | * | VistaGen Therapeutics, Inc | 18 | |||||
324 | *,e | Vor BioPharma, Inc | 6 | |||||
1,873 | * | Waters Corp | 647 | |||||
776 | * | WaVe Life Sciences Ltd | 5 | |||||
533 | *,e | XBiotech, Inc | 9 | |||||
1,460 | * | Xencor, Inc | 50 | |||||
959 | * | Y-mAbs Therapeutics, Inc | 32 | |||||
975 | * | Zentalis Pharmaceuticals, Inc | 52 | |||||
6,592 | *,e | ZIOPHARM Oncology, Inc | 17 | |||||
14,411 | Zoetis, Inc | 2,686 | ||||||
1,752 | * | Zogenix, Inc | 30 | |||||
|
| |||||||
TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 97,901 | |||||||
|
| |||||||
REAL ESTATE - 3.3% | ||||||||
1,964 | Acadia Realty Trust | 43 | ||||||
1,537 | Agree Realty Corp | 108 | ||||||
1,433 | Alexander & Baldwin, Inc | 26 | ||||||
51 | Alexander’s, Inc | 14 | ||||||
4,156 | Alexandria Real Estate Equities, Inc | 756 | ||||||
1,425 | American Assets Trust, Inc | 53 | ||||||
4,582 | American Campus Communities, Inc | 214 | ||||||
3,752 | American Finance Trust, Inc | 32 | ||||||
8,855 | American Homes 4 Rent | 344 | ||||||
13,702 | American Tower Corp | 3,701 | ||||||
7,241 | Americold Realty Trust | 274 | ||||||
5,144 | Apartment Income REIT Corp | 244 | ||||||
5,144 | Apartment Investment and Management Co | 35 | ||||||
6,471 | Apple Hospitality REIT, Inc | 99 | ||||||
1,658 | Armada Hoffler Properties, Inc | 22 | ||||||
3,382 | *,e | Ashford Hospitality Trust, Inc | 15 | |||||
4,298 | AvalonBay Communities, Inc | 897 | ||||||
4,931 | Boston Properties, Inc | 565 | ||||||
1,188 | * | BraeMar Hotels & Resorts, Inc | 7 | |||||
3,704 | Brandywine Realty Trust | 51 | ||||||
9,558 | Brixmor Property Group, Inc | 219 | ||||||
3,715 | Broadstone Net Lease, Inc | 87 | ||||||
1,347 | Brookfield Property REIT, Inc | 25 | ||||||
552 | Brt Realty Trust | 10 | ||||||
3,063 | Camden Property Trust | 406 | ||||||
2,763 | CareTrust REIT, Inc | 64 | ||||||
1,667 | CatchMark Timber Trust, Inc | 19 | ||||||
10,181 | * | CBRE Group, Inc | 873 | |||||
460 | Centerspace | 36 | ||||||
1,449 | * | Chatham Lodging Trust | 19 | |||||
1,087 | City Office REIT, Inc | 14 | ||||||
544 | Clipper Realty, Inc | 4 | ||||||
3,268 | Columbia Property Trust, Inc | 57 | ||||||
753 | Community Healthcare Trust, Inc | 36 |
34
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
473 | * | CorePoint Lodging, Inc | $ | 5 | ||||
1,202 | Coresite Realty | 162 | ||||||
2,602 | Corporate Office Properties Trust | 73 | ||||||
4,434 | Cousins Properties, Inc | 163 | ||||||
12,836 | Crown Castle International Corp | 2,504 | ||||||
196 | CTO Realty Growth, Inc | 10 | ||||||
5,793 | CubeSmart | 268 | ||||||
3,593 | * | Cushman & Wakefield plc | 63 | |||||
3,732 | CyrusOne, Inc | 267 | ||||||
7,193 | * | DiamondRock Hospitality Co | 70 | |||||
8,546 | Digital Realty Trust, Inc | 1,286 | ||||||
15,230 | * | DigitalBridge Group, Inc | 120 | |||||
7,300 | Diversified Healthcare Trust | 31 | ||||||
4,303 | Douglas Emmett, Inc | 145 | ||||||
11,536 | Duke Realty Corp | 546 | ||||||
2,230 | Easterly Government Properties, Inc | 47 | ||||||
1,286 | EastGroup Properties, Inc | 211 | ||||||
3,522 | Empire State Realty Trust, Inc | 42 | ||||||
2,280 | * | EPR Properties | 120 | |||||
2,723 | Equinix, Inc | 2,185 | ||||||
3,500 | Equity Commonwealth | 92 | ||||||
5,139 | Equity Lifestyle Properties, Inc | 382 | ||||||
11,384 | Equity Residential | 877 | ||||||
3,224 | Essential Properties Realty Trust, Inc | 87 | ||||||
2,024 | Essex Property Trust, Inc | 607 | ||||||
1,858 | * | eXp World Holdings Inc | 72 | |||||
3,972 | Extra Space Storage, Inc | 651 | ||||||
967 | Farmland Partners, Inc | 12 | ||||||
2,521 | Federal Realty Investment Trust | 295 | ||||||
3,737 | First Industrial Realty Trust, Inc | 195 | ||||||
400 | * | Forestar Group, Inc | 8 | |||||
2,420 | Four Corners Property Trust, Inc | 67 | ||||||
4,124 | Franklin Street Properties Corp | 22 | ||||||
309 | * | FRP Holdings, Inc | 17 | |||||
6,257 | Gaming and Leisure Properties, Inc | 290 | ||||||
3,108 | e | Geo Group, Inc | 22 | |||||
1,064 | Getty Realty Corp | 33 | ||||||
881 | Gladstone Commercial Corp | 20 | ||||||
315 | Gladstone Land Corp | 8 | ||||||
1,479 | Global Medical REIT, Inc | 22 | ||||||
2,475 | Global Net Lease, Inc | 46 | ||||||
3,243 | Healthcare Realty Trust, Inc | 98 | ||||||
6,289 | Healthcare Trust of America, Inc | 168 | ||||||
17,079 | Healthpeak Properties Inc | 569 | ||||||
1,493 | * | Hersha Hospitality Trust | 16 | |||||
2,907 | Highwoods Properties, Inc | 131 | ||||||
21,709 | * | Host Hotels and Resorts, Inc | 371 | |||||
1,318 | * | Howard Hughes Corp | 128 | |||||
5,170 | Hudson Pacific Properties | 144 | ||||||
2,619 | Independence Realty Trust, Inc | 48 | ||||||
200 | Indus Realty Trust, Inc | 13 | ||||||
1,510 | Industrial Logistics Properties Trust | 39 | ||||||
671 | Innovative Industrial Properties, Inc | 128 | ||||||
17,416 | Invitation Homes, Inc | 649 | ||||||
9,067 | Iron Mountain, Inc | 384 | ||||||
1,536 | e | iStar Inc | 32 | |||||
3,149 | JBG SMITH Properties | 99 | ||||||
1,604 | * | Jones Lang LaSalle, Inc | 314 | |||||
3,557 | Kennedy-Wilson Holdings, Inc | 71 | ||||||
3,530 | Kilroy Realty Corp | 246 | ||||||
13,083 | Kimco Realty Corp | 273 | ||||||
3,243 | Kite Realty Group Trust | 71 | ||||||
2,699 | Lamar Advertising Co | 282 | ||||||
8,135 | Lexington Realty Trust | 97 |
35
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
2,202 | Life Storage, Inc | $ | 236 | |||||
570 | LTC Properties, Inc | 22 | ||||||
5,883 | Macerich Co | 107 | ||||||
3,534 | Mack-Cali Realty Corp | 61 | ||||||
569 | * | Marcus & Millichap, Inc | 22 | |||||
16,244 | Medical Properties Trust, Inc | 327 | ||||||
3,660 | Mid-America Apartment Communities, Inc | 616 | ||||||
2,597 | Monmouth Real Estate Investment Corp (Class A) | 49 | ||||||
1,299 | National Health Investors, Inc | 87 | ||||||
5,836 | National Retail Properties, Inc | 274 | ||||||
1,700 | National Storage Affiliates Trust | 86 | ||||||
765 | NETSTREIT Corp | 18 | ||||||
3,164 | New Senior Investment Group, Inc | 28 | ||||||
4,328 | Newmark Group, Inc | 52 | ||||||
662 | NexPoint Residential Trust, Inc | 36 | ||||||
1,207 | Office Properties Income Trust | 35 | ||||||
7,357 | Omega Healthcare Investors, Inc | 267 | ||||||
574 | One Liberty Properties, Inc | 16 | ||||||
10,289 | * | Opendoor Technologies, Inc | 182 | |||||
4,782 | * | Outfront Media, Inc | 115 | |||||
4,579 | Paramount Group, Inc | 46 | ||||||
7,470 | * | Park Hotels & Resorts, Inc | 154 | |||||
4,334 | Pebblebrook Hotel Trust | 102 | ||||||
5,940 | Physicians Realty Trust | 110 | ||||||
3,343 | Piedmont Office Realty Trust, Inc | 62 | ||||||
628 | Plymouth Industrial REIT, Inc | 13 | ||||||
2,176 | PotlatchDeltic Corp | 116 | ||||||
2,737 | Preferred Apartment Communities, Inc | 27 | ||||||
22,391 | Prologis, Inc | 2,676 | ||||||
488 | PS Business Parks, Inc | 72 | ||||||
4,537 | Public Storage, Inc | 1,364 | ||||||
1,829 | QTS Realty Trust, Inc | 141 | ||||||
377 | * | Rafael Holdings, Inc | 19 | |||||
3,743 | Rayonier, Inc | 134 | ||||||
732 | Re/Max Holdings, Inc | 24 | ||||||
3,279 | * | Realogy Holdings Corp | 60 | |||||
11,112 | Realty Income Corp | 742 | ||||||
3,100 | * | Redfin Corp | 197 | |||||
5,446 | Regency Centers Corp | 349 | ||||||
4,204 | Retail Opportunities Investment Corp | 74 | ||||||
6,690 | Retail Properties of America, Inc | 77 | ||||||
685 | Retail Value, Inc | 15 | ||||||
3,671 | Rexford Industrial Realty, Inc | 209 | ||||||
4,896 | RLJ Lodging Trust | 75 | ||||||
283 | RMR Group, Inc | 11 | ||||||
3,057 | RPT Realty | 40 | ||||||
1,575 | * | Ryman Hospitality Properties | 124 | |||||
6,162 | Sabra Healthcare REIT, Inc | 112 | ||||||
468 | Safehold, Inc | 37 | ||||||
392 | Saul Centers, Inc | 18 | ||||||
3,343 | SBA Communications Corp | 1,065 | ||||||
990 | * | Seritage Growth Properties | 18 | |||||
4,584 | Service Properties Trust | 58 | ||||||
9,933 | Simon Property Group, Inc | 1,296 | ||||||
6,051 | SITE Centers Corp | 91 | ||||||
1,992 | e | SL Green Realty Corp | 159 | |||||
3,189 | Spirit Realty Capital, Inc | 153 | ||||||
1,023 | St. Joe Co | 46 | ||||||
4,481 | STAG Industrial, Inc | 168 | ||||||
7,137 | STORE Capital Corp | 246 | ||||||
3,928 | * | Summit Hotel Properties, Inc | 37 | |||||
3,082 | Sun Communities, Inc | 528 | ||||||
7,507 | * | Sunstone Hotel Investors, Inc | 93 | |||||
2,916 | e | Tanger Factory Outlet Centers, Inc | 55 | |||||
834 | * | Tejon Ranch Co | 13 |
36
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
1,821 | Terreno Realty Corp | $ | 117 | |||||
9,405 | UDR, Inc | 461 | ||||||
994 | UMH Properties, Inc | 22 | ||||||
6,462 | Uniti Group, Inc | 68 | ||||||
294 | Universal Health Realty Income Trust | 18 | ||||||
3,855 | Urban Edge Properties | 74 | ||||||
1,188 | Urstadt Biddle Properties, Inc (Class A) | 23 | ||||||
11,516 | Ventas, Inc | 658 | ||||||
6,892 | VEREIT, Inc | 317 | ||||||
16,518 | VICI Properties, Inc | 512 | ||||||
5,748 | Vornado Realty Trust | 268 | ||||||
2,363 | Washington REIT | 54 | ||||||
4,110 | Weingarten Realty Investors | 132 | ||||||
12,746 | Welltower, Inc | 1,059 | ||||||
22,821 | Weyerhaeuser Co | 785 | ||||||
1,293 | Whitestone REIT | 11 | ||||||
5,105 | WP Carey, Inc | 381 | ||||||
3,934 | * | Xenia Hotels & Resorts, Inc | 74 | |||||
|
| |||||||
TOTAL REAL ESTATE | 44,779 | |||||||
|
| |||||||
RETAILING - 6.6% | ||||||||
966 | * | 1-800-FLOWERS.COM, Inc (Class A) | 31 | |||||
1,062 | Aaron’s Co, Inc | 34 | ||||||
1,704 | * | Abercrombie & Fitch Co (Class A) | 79 | |||||
1,681 | * | Academy Sports & Outdoors, Inc | 69 | |||||
2,037 | Advance Auto Parts, Inc | 418 | ||||||
13,124 | * | Amazon.com, Inc | 45,149 | |||||
4,274 | e | American Eagle Outfitters, Inc | 160 | |||||
221 | * | America’s Car-Mart, Inc | 31 | |||||
555 | * | Asbury Automotive Group, Inc | 95 | |||||
1,942 | * | At Home Group, Inc | 72 | |||||
1,642 | * | Autonation, Inc | 156 | |||||
672 | * | AutoZone, Inc | 1,003 | |||||
1,018 | * | Barnes & Noble Education, Inc | 7 | |||||
3,275 | * | Bed Bath & Beyond, Inc | 109 | |||||
7,333 | Best Buy Co, Inc | 843 | ||||||
578 | Big 5 Sporting Goods Corp | 15 | ||||||
1,092 | Big Lots, Inc | 72 | ||||||
1,095 | *,e | Blink Charging Co | 45 | |||||
819 | * | Boot Barn Holdings, Inc | 69 | |||||
1,023 | Buckle, Inc | 51 | ||||||
2,005 | * | Burlington Stores, Inc | 646 | |||||
1,001 | Caleres, Inc | 27 | ||||||
1,212 | Camping World Holdings, Inc | 50 | ||||||
1,078 | * | CarLotz, Inc | 6 | |||||
5,017 | * | CarMax, Inc | 648 | |||||
1,412 | * | CarParts.com, Inc | 29 | |||||
2,320 | * | Carvana Co | 700 | |||||
966 | Cato Corp (Class A) | 16 | ||||||
3,531 | * | Chico’s FAS, Inc | 23 | |||||
389 | * | Children’s Place, Inc | 36 | |||||
293 | * | Citi Trends, Inc | 25 | |||||
708 | * | Conn’s, Inc | 18 | |||||
764 | * | Container Store Group, Inc | 10 | |||||
1,444 | Core-Mark Holding Co, Inc | 65 | ||||||
1,606 | * | Designer Brands, Inc | 27 | |||||
1,961 | Dick’s Sporting Goods, Inc | 196 | ||||||
165 | Dillard’s, Inc (Class A) | 30 | ||||||
7,241 | Dollar General Corp | 1,567 | ||||||
7,030 | * | Dollar Tree, Inc | 699 | |||||
2,520 | * | DoorDash, Inc | 449 | |||||
404 | * | Duluth Holdings, Inc | 8 | |||||
20,304 | eBay, Inc | 1,426 | ||||||
3,799 | * | Etsy, Inc | 782 |
37
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
1,723 | * | Five Below, Inc | $ | 333 | ||||
2,980 | * | Floor & Decor Holdings, Inc | 315 | |||||
2,828 | Foot Locker, Inc | 174 | ||||||
748 | Franchise Group, Inc | 26 | ||||||
576 | * | Funko, Inc | 12 | |||||
1,787 | *,e | GameStop Corp (Class A) | 383 | |||||
5,772 | Gap, Inc | 194 | ||||||
365 | * | Genesco, Inc | 23 | |||||
4,217 | Genuine Parts Co | 533 | ||||||
521 | Group 1 Automotive, Inc | 80 | ||||||
658 | * | Groupon, Inc | 28 | |||||
1,619 | * | GrowGeneration Corp | 78 | |||||
1,358 | Guess?, Inc | 36 | ||||||
715 | Haverty Furniture Cos, Inc | 31 | ||||||
547 | * | Hibbett Sports, Inc | 49 | |||||
32,545 | Home Depot, Inc | 10,378 | ||||||
378 | * | Kirkland’s, Inc | 9 | |||||
4,818 | Kohl’s Corp | 266 | ||||||
7,018 | L Brands, Inc | 506 | ||||||
487 | * | Lands’ End, Inc | 20 | |||||
3,129 | * | Leslie’s, Inc | 86 | |||||
1,143 | * | Liquidity Services, Inc | 29 | |||||
845 | Lithia Motors, Inc (Class A) | 290 | ||||||
8,517 | * | LKQ Corp | 419 | |||||
21,764 | Lowe’s Companies, Inc | 4,222 | ||||||
1,099 | * | Lumber Liquidators, Inc | 23 | |||||
9,238 | * | Macy’s, Inc | 175 | |||||
530 | * | MarineMax, Inc | 26 | |||||
1,185 | Monro Muffler, Inc | 75 | ||||||
660 | Murphy USA, Inc | 88 | ||||||
2,416 | * | National Vision Holdings, Inc | 124 | |||||
3,550 | * | Nordstrom, Inc | 130 | |||||
1,512 | * | ODP Corp | 73 | |||||
1,867 | * | Ollie’s Bargain Outlet Holdings, Inc | 157 | |||||
266 | OneWater Marine, Inc | 11 | ||||||
2,106 | * | O’Reilly Automotive, Inc | 1,192 | |||||
1,365 | * | Overstock.com, Inc | 126 | |||||
3,210 | * | Party City Holdco, Inc | 30 | |||||
633 | Penske Auto Group, Inc | 48 | ||||||
1,980 | * | Petco Health & Wellness Co, Inc | 44 | |||||
765 | PetMed Express, Inc | 24 | ||||||
1,195 | Pool Corp | 548 | ||||||
452 | * | Porch Group, Inc | 9 | |||||
2,851 | * | Quotient Technology, Inc | 31 | |||||
11,732 | Qurate Retail Group, Inc QVC Group | 154 | ||||||
2,401 | * | RealReal, Inc | 47 | |||||
1,859 | Rent-A-Center, Inc | 99 | ||||||
1,063 | * | Revolve Group, Inc | 73 | |||||
507 | * | RH | 344 | |||||
10,680 | Ross Stores, Inc | 1,324 | ||||||
3,400 | * | Sally Beauty Holdings, Inc | 75 | |||||
1,741 | * | Shift Technologies, Inc | 15 | |||||
323 | Shoe Carnival, Inc | 23 | ||||||
719 | Shutterstock, Inc | 71 | ||||||
1,526 | * | Signet Jewelers Ltd | 123 | |||||
760 | * | Sleep Number Corp | 84 | |||||
479 | Sonic Automotive, Inc (Class A) | 21 | ||||||
1,434 | * | Sportsman’s Warehouse Holdings, Inc | 25 | |||||
553 | * | Stamps.com, Inc | 111 | |||||
1,770 | * | Stitch Fix Inc | 107 | |||||
15,039 | Target Corp | 3,636 | ||||||
432 | Tilly’s, Inc | 7 | ||||||
36,625 | TJX Companies, Inc | 2,469 | ||||||
3,507 | Tractor Supply Co | 653 |
38
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
311 | * | TravelCenters of America, Inc | $ | 9 | ||||
1,650 | * | Ulta Beauty, Inc | 571 | |||||
2,203 | * | Urban Outfitters, Inc | 91 | |||||
3,453 | * | Vroom, Inc | 145 | |||||
2,274 | * | Wayfair, Inc | 718 | |||||
2,320 | Williams-Sonoma, Inc | 370 | ||||||
94 | Winmark Corp | 18 | ||||||
686 | * | Zumiez, Inc | 34 | |||||
|
| |||||||
TOTAL RETAILING | 88,862 | |||||||
|
| |||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 5.1% | ||||||||
1,075 | Advanced Energy Industries, Inc | 121 | ||||||
36,602 | * | Advanced Micro Devices, Inc | 3,438 | |||||
1,144 | * | Allegro MicroSystems, Inc | 32 | |||||
844 | * | Alpha & Omega Semiconductor Ltd | 26 | |||||
1,114 | * | Ambarella, Inc | 119 | |||||
3,306 | Amkor Technology, Inc | 78 | ||||||
11,146 | Analog Devices, Inc | 1,919 | ||||||
27,833 | Applied Materials, Inc | 3,963 | ||||||
534 | * | Atomera, Inc | 11 | |||||
1,183 | * | Axcelis Technologies, Inc | 48 | |||||
1,452 | * | AXT, Inc | 16 | |||||
12,082 | Broadcom, Inc | 5,761 | ||||||
2,319 | Brooks Automation, Inc | 221 | ||||||
839 | * | Ceva, Inc | 40 | |||||
1,810 | * | Cirrus Logic, Inc | 154 | |||||
904 | CMC Materials, Inc | 136 | ||||||
1,495 | * | Cohu, Inc | 55 | |||||
3,545 | * | Cree, Inc | 347 | |||||
1,498 | * | Diodes, Inc | 120 | |||||
3,974 | * | Enphase Energy, Inc | 730 | |||||
3,887 | Entegris, Inc | 478 | ||||||
3,071 | * | First Solar, Inc | 278 | |||||
2,731 | * | Formfactor, Inc | 100 | |||||
660 | * | Ichor Holdings Ltd | 36 | |||||
705 | * | Impinj, Inc | 36 | |||||
122,227 | Intel Corp | 6,862 | ||||||
4,675 | KLA Corp | 1,516 | ||||||
2,261 | * | Kopin Corp | 19 | |||||
1,679 | Kulicke & Soffa Industries, Inc | 103 | ||||||
4,339 | Lam Research Corp | 2,823 | ||||||
4,235 | * | Lattice Semiconductor Corp | 238 | |||||
1,568 | * | MACOM Technology Solutions Holdings, Inc | 100 | |||||
24,381 | Marvell Technology, Inc | 1,422 | ||||||
8,078 | Maxim Integrated Products, Inc | 851 | ||||||
2,280 | * | MaxLinear, Inc | 97 | |||||
7,597 | Microchip Technology, Inc | 1,138 | ||||||
33,921 | * | Micron Technology, Inc | 2,883 | |||||
1,516 | MKS Instruments, Inc | 270 | ||||||
1,367 | Monolithic Power Systems, Inc | 511 | ||||||
1,215 | * | Nanometrics, Inc | 89 | |||||
1,216 | * | NeoPhotonics Corp Ltd | 12 | |||||
192 | NVE Corp | 14 | ||||||
18,102 | NVIDIA Corp | 14,483 | ||||||
8,167 | NXP Semiconductors NV | 1,680 | ||||||
12,593 | * | ON Semiconductor Corp | 482 | |||||
1,181 | * | PDF Solutions, Inc | 21 | |||||
2,139 | * | Photronics, Inc | 28 | |||||
2,006 | Power Integrations, Inc | 165 | ||||||
3,478 | * | Qorvo, Inc | 680 | |||||
34,131 | QUALCOMM, Inc | 4,878 | ||||||
3,556 | * | Rambus, Inc | 84 | |||||
2,180 | * | Semtech Corp | 150 | |||||
1,418 | * | Silicon Laboratories, Inc | 217 |
39
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
363 | * | SiTime Corp | $ | 46 | ||||
5,014 | Skyworks Solutions, Inc | 961 | ||||||
252 | * | SMART Global Holdings, Inc | 12 | |||||
2,299 | *,e | SunPower Corp | 67 | |||||
985 | * | Synaptics, Inc | 153 | |||||
5,018 | Teradyne, Inc | 672 | ||||||
27,856 | Texas Instruments, Inc | 5,357 | ||||||
1,266 | * | Ultra Clean Holdings | 68 | |||||
1,348 | Universal Display Corp | 300 | ||||||
1,833 | * | Veeco Instruments, Inc | 44 | |||||
7,486 | Xilinx, Inc | 1,083 | ||||||
|
| |||||||
TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | 68,842 | |||||||
|
| |||||||
SOFTWARE & SERVICES - 14.6% | ||||||||
3,462 | * | 8x8, Inc | 96 | |||||
1,883 | * | A10 Networks, Inc | 21 | |||||
19,250 | Accenture plc | 5,675 | ||||||
3,799 | * | ACI Worldwide, Inc | 141 | |||||
14,475 | * | Adobe, Inc | 8,477 | |||||
675 | * | Agilysys, Inc | 38 | |||||
4,943 | * | Akamai Technologies, Inc | 576 | |||||
1,443 | * | Alarm.com Holdings, Inc | 122 | |||||
1,461 | Alliance Data Systems Corp | 152 | ||||||
1,317 | * | Altair Engineering, Inc | 91 | |||||
1,733 | * | Alteryx, Inc | 149 | |||||
3,812 | Amdocs Ltd | 295 | ||||||
1,091 | American Software, Inc (Class A) | 24 | ||||||
4,257 | * | Anaplan, Inc | 227 | |||||
2,607 | * | Ansys, Inc | 905 | |||||
538 | * | Appfolio, Inc | 76 | |||||
1,178 | *,e | Appian Corp | 162 | |||||
2,178 | * | Asana, Inc | 135 | |||||
2,036 | * | Aspen Technology, Inc | 280 | |||||
4,041 | * | Atlassian Corp plc | 1,038 | |||||
6,637 | * | Autodesk, Inc | 1,937 | |||||
12,887 | Automatic Data Processing, Inc | 2,560 | ||||||
2,529 | * | Avalara, Inc | 409 | |||||
2,583 | * | Avaya Holdings Corp | 70 | |||||
1,139 | * | Benefitfocus, Inc | 16 | |||||
4,002 | e | Bentley Systems, Inc | 259 | |||||
1,347 | * | BigCommerce Holdings, Inc | 87 | |||||
2,312 | * | Bill.Com Holdings, Inc | 424 | |||||
4,820 | * | Black Knight, Inc | 376 | |||||
1,603 | * | Blackbaud, Inc | 123 | |||||
1,613 | * | Blackline, Inc | 180 | |||||
154 | * | BM Technologies, Inc | 2 | |||||
1,563 | * | Bottomline Technologies, Inc | 58 | |||||
4,699 | * | Box, Inc | 120 | |||||
1,247 | * | Brightcove, Inc | 18 | |||||
3,315 | Broadridge Financial Solutions, Inc | 536 | ||||||
1,203 | * | BTRS Holdings, Inc | 15 | |||||
456 | * | C3.ai, Inc | 29 | |||||
8,351 | * | Cadence Design Systems, Inc | 1,143 | |||||
1,535 | * | Cantaloupe, Inc | 18 | |||||
576 | Cass Information Systems, Inc | 24 | ||||||
4,074 | CDK Global, Inc | 202 | ||||||
1,164 | * | Cerence Inc | 124 | |||||
3,791 | * | Ceridian HCM Holding, Inc | 364 | |||||
921 | * | ChannelAdvisor Corp | 23 | |||||
3,724 | Citrix Systems, Inc | 437 | ||||||
971 | * | Cleanspark, Inc | 16 | |||||
6,629 | * | Cloudera, Inc | 105 | |||||
7,562 | * | Cloudflare, Inc | 800 |
40
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
16,031 | Cognizant Technology Solutions Corp (Class A) | $ | 1,110 | |||||
1,426 | * | Commvault Systems, Inc | 111 | |||||
1,240 | * | Concentrix Corp | 199 | |||||
5,536 | * | Conduent, Inc | 42 | |||||
2,077 | * | Cornerstone OnDemand, Inc | 107 | |||||
2,169 | * | Coupa Software, Inc | 569 | |||||
4,834 | * | Crowdstrike Holdings, Inc | 1,215 | |||||
1,299 | CSG Systems International, Inc | 61 | ||||||
6,799 | * | Datadog, Inc | 708 | |||||
659 | * | Datto Holding Corp | 18 | |||||
574 | *,e | Digimarc Corp | 19 | |||||
2,598 | * | Digital Turbine, Inc | 198 | |||||
222 | * | DigitalOcean Holdings, Inc | 12 | |||||
5,734 | * | DocuSign, Inc | 1,603 | |||||
1,762 | Dolby Laboratories, Inc (Class A) | 173 | ||||||
816 | * | Domo, Inc | 66 | |||||
288 | * | DoubleVerify Holdings, Inc | 12 | |||||
8,905 | * | Dropbox, Inc | 270 | |||||
2,214 | * | Duck Creek Technologies, Inc | 96 | |||||
7,787 | * | DXC Technology Co | 303 | |||||
5,697 | * | Dynatrace, Inc | 333 | |||||
934 | * | E2open Parent Holdings, Inc | 11 | |||||
927 | Ebix, Inc | 31 | ||||||
648 | * | eGain Corp | 7 | |||||
2,086 | * | Elastic NV | 304 | |||||
1,657 | * | Envestnet, Inc | 126 | |||||
1,576 | * | EPAM Systems, Inc | 805 | |||||
1,608 | * | Euronet Worldwide, Inc | 218 | |||||
1,144 | * | Everbridge, Inc | 156 | |||||
2,107 | EVERTEC, Inc | 92 | ||||||
1,204 | * | Evo Payments, Inc | 33 | |||||
1,084 | * | ExlService Holdings, Inc | 115 | |||||
864 | * | Fair Isaac Corp | 434 | |||||
3,179 | *,e | Fastly, Inc | 189 | |||||
18,826 | Fidelity National Information Services, Inc | 2,667 | ||||||
6,880 | * | FireEye, Inc | 139 | |||||
17,928 | * | Fiserv, Inc | 1,916 | |||||
2,029 | * | Five9, Inc | 372 | |||||
2,505 | * | FleetCor Technologies, Inc | 641 | |||||
4,007 | * | Fortinet, Inc | 954 | |||||
2,573 | * | Gartner, Inc | 623 | |||||
5,811 | Genpact Ltd | 264 | ||||||
8,917 | Global Payments, Inc | 1,672 | ||||||
1,180 | * | Globant S.A. | 259 | |||||
5,196 | * | GoDaddy, Inc | 452 | |||||
500 | * | GreenBox POS | 6 | |||||
1,865 | * | GreenSky, Inc | 10 | |||||
700 | * | Grid Dynamics Holdings, Inc | 11 | |||||
898 | * | GTY Technology Holdings Inc | 6 | |||||
2,614 | * | Guidewire Software, Inc | 295 | |||||
1,077 | Hackett Group, Inc | 19 | ||||||
1,336 | * | HubSpot, Inc | 779 | |||||
351 | * | I3 Verticals, Inc | 11 | |||||
12,162 | * | Ideanomics Inc | 35 | |||||
385 | *,e | Intelligent Systems Corp | 12 | |||||
1,057 | InterDigital, Inc | 77 | ||||||
27,079 | International Business Machines Corp | 3,970 | ||||||
677 | * | International Money Express Inc | 10 | |||||
7,728 | Intuit, Inc | 3,788 | ||||||
1,245 | * | j2 Global, Inc | 171 | |||||
2,268 | Jack Henry & Associates, Inc | 371 | ||||||
1,514 | * | Jamf Holding Corp | 51 | |||||
1,486 | *,e | JFrog Ltd | 68 | |||||
3,363 | * | Limelight Networks, Inc | 11 | |||||
2,024 | * | Liveperson, Inc | 128 |
41
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
1,949 | * | LiveRamp Holdings, Inc | $ | 91 | ||||
1,818 | * | Manhattan Associates, Inc | 263 | |||||
2,859 | *,e | Marathon Digital Holdings, Inc | 90 | |||||
26,483 | Mastercard, Inc (Class A) | 9,669 | ||||||
2,080 | MAXIMUS, Inc | 183 | ||||||
1,203 | McAfee Corp | 34 | ||||||
3,048 | * | Medallia, Inc | 103 | |||||
228,118 | Microsoft Corp | 61,797 | ||||||
235 | *,e | MicroStrategy, Inc (Class A) | 156 | |||||
1,779 | * | Mimecast Ltd | 94 | |||||
1,253 | * | Mitek Systems, Inc | 24 | |||||
844 | * | Model N, Inc | 29 | |||||
1,840 | * | MoneyGram International, Inc | 19 | |||||
1,616 | * | MongoDB, Inc | 584 | |||||
1,408 | * | nCino, Inc | 84 | |||||
1,631 | * | New Relic, Inc | 109 | |||||
16,911 | NortonLifelock, Inc | 460 | ||||||
8,677 | * | Nuance Communications, Inc | 472 | |||||
5,847 | * | Nutanix, Inc | 224 | |||||
3,715 | * | Okta, Inc | 909 | |||||
230 | * | ON24, Inc | 8 | |||||
1,227 | * | OneSpan, Inc | 31 | |||||
52,761 | Oracle Corp | 4,107 | ||||||
2,372 | * | Pagerduty, Inc | 101 | |||||
48,984 | * | Palantir Technologies, Inc | 1,291 | |||||
2,904 | * | Palo Alto Networks, Inc | 1,078 | |||||
1,831 | * | Paya Holdings, Inc | 20 | �� | ||||
9,648 | Paychex, Inc | 1,035 | ||||||
1,532 | * | Paycom Software, Inc | 557 | |||||
1,125 | * | Paylocity Holding Corp | 215 | |||||
35,584 | * | PayPal Holdings, Inc | 10,372 | |||||
8,329 | * | Paysafe Ltd | 101 | |||||
1,117 | Pegasystems, Inc | 156 | ||||||
1,090 | * | Perficient, Inc | 88 | |||||
1,099 | * | Ping Identity Holding Corp | 25 | |||||
1,606 | Progress Software Corp | 74 | ||||||
1,637 | * | Proofpoint, Inc | 284 | |||||
1,099 | * | PROS Holdings, Inc | 50 | |||||
3,193 | * | PTC, Inc | 451 | |||||
1,569 | * | Q2 Holdings, Inc | 161 | |||||
400 | QAD, Inc (Class A) | 35 | ||||||
1,112 | * | Qualys, Inc | 112 | |||||
1,424 | * | Rackspace Technology, Inc | 28 | |||||
1,695 | * | Rapid7, Inc | 160 | |||||
2,014 | * | Repay Holdings Corp | 48 | |||||
992 | * | Rimini Street, Inc | 6 | |||||
2,462 | * | RingCentral, Inc | 715 | |||||
2,535 | * | Riot Blockchain, Inc | 96 | |||||
10,188 | * | Sabre Corp | 127 | |||||
2,791 | * | SailPoint Technologies Holding, Inc | 143 | |||||
26,832 | * | salesforce.com, Inc | 6,554 | |||||
766 | Sapiens International Corp NV | 20 | ||||||
257 | * | SecureWorks Corp | 5 | |||||
5,989 | * | ServiceNow, Inc | 3,291 | |||||
1,262 | * | Shift4 Payments, Inc | 118 | |||||
356 | * | ShotSpotter, Inc | 17 | |||||
14,858 | * | Slack Technologies, Inc | 658 | |||||
3,616 | * | Smartsheet, Inc | 262 | |||||
991 | * | Smith Micro Software, Inc | 5 | |||||
3,577 | * | Snowflake, Inc | 865 | |||||
1,659 | * | SolarWinds Corp | 28 | |||||
5,060 | * | Splunk, Inc | 732 | |||||
1,316 | * | Sprout Social, Inc | 118 | |||||
1,231 | * | SPS Commerce, Inc | 123 |
42
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
11,782 | * | Square, Inc | $ | 2,872 | ||||
6,533 | SS&C Technologies Holdings, Inc | 471 | ||||||
6,560 | * | StoneCo Ltd | 440 | |||||
2,378 | *,e | Sumo Logic, Inc | 49 | |||||
3,818 | * | SVMK, Inc | 80 | |||||
2,934 | Switch, Inc | 62 | ||||||
1,343 | * | Sykes Enterprises, Inc | 72 | |||||
4,538 | * | Synopsys, Inc | 1,252 | |||||
462 | * | Telos Corp | 16 | |||||
2,588 | * | Tenable Holdings, Inc | 107 | |||||
3,393 | * | Teradata Corp | 170 | |||||
12,980 | * | Trade Desk, Inc | 1,004 | |||||
541 | TTEC Holdings, Inc | 56 | ||||||
349 | *,e | Tucows, Inc | 28 | |||||
4,878 | * | Twilio, Inc | 1,923 | |||||
1,206 | * | Tyler Technologies, Inc | 546 | |||||
2,160 | * | Unisys Corp | 55 | |||||
4,411 | *,e | Unity Software, Inc | 484 | |||||
660 | * | Upland Software, Inc | 27 | |||||
3,084 | * | Varonis Systems, Inc | 178 | |||||
2,293 | * | Verint Systems, Inc | 103 | |||||
2,985 | * | VeriSign, Inc | 680 | |||||
765 | * | Veritone, Inc | 15 | |||||
3,457 | * | Verra Mobility Corp | 53 | |||||
305 | * | Viant Technology, Inc | 9 | |||||
2,063 | *,e | VirnetX Holding Corp | 9 | |||||
51,233 | Visa, Inc (Class A) | 11,979 | ||||||
2,285 | * | VMware, Inc (Class A) | 366 | |||||
12,300 | Western Union Co | 283 | ||||||
1,409 | * | WEX, Inc | 273 | |||||
1,594 | * | Wix.com Ltd | 463 | |||||
5,472 | * | Workday, Inc | 1,306 | |||||
1,221 | * | Workiva, Inc | 136 | |||||
3,338 | Xperi Holding Corp | 74 | ||||||
2,990 | * | Yext, Inc | 43 | |||||
3,699 | * | Zendesk, Inc | 534 | |||||
2,044 | * | Zix Corp | 14 | |||||
6,446 | * | Zoom Video Communications, Inc | 2,495 | |||||
2,320 | * | Zscaler, Inc | 501 | |||||
2,992 | * | Zuora Inc | 52 | |||||
|
| |||||||
TOTAL SOFTWARE & SERVICES | 197,834 | |||||||
|
| |||||||
TECHNOLOGY HARDWARE & EQUIPMENT - 6.6% | ||||||||
3,738 | * | 3D Systems Corp | 149 | |||||
168 | * | 908 Devices, Inc | 6 | |||||
1,592 | Adtran, Inc | 33 | ||||||
899 | * | Akoustis Technologies, Inc | 10 | |||||
17,476 | Amphenol Corp (Class A) | 1,195 | ||||||
475,160 | d | Apple, Inc | 65,078 | |||||
1,796 | * | Arista Networks, Inc | 651 | |||||
2,522 | * | Arlo Technologies, Inc | 17 | |||||
2,165 | * | Arrow Electronics, Inc | 246 | |||||
223 | * | Aviat Networks, Inc | 7 | |||||
1,182 | * | Avid Technology, Inc | 46 | |||||
3,237 | Avnet, Inc | 130 | ||||||
997 | Badger Meter, Inc | 98 | ||||||
1,442 | Belden CDT, Inc | 73 | ||||||
1,361 | Benchmark Electronics, Inc | 39 | ||||||
1,369 | * | CalAmp Corp | 17 | |||||
1,720 | * | Calix, Inc | 82 | |||||
235 | * | Cambium Networks Corp | 11 | |||||
176 | * | Casa Systems, Inc | 2 | |||||
4,230 | CDW Corp | 739 | ||||||
4,770 | * | Ciena Corp | 271 |
43
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
127,608 | Cisco Systems, Inc | $ | 6,763 | |||||
522 | * | Clearfield, Inc | 20 | |||||
4,963 | Cognex Corp | 417 | ||||||
759 | * | Coherent, Inc | 201 | |||||
6,058 | * | CommScope Holding Co, Inc | 129 | |||||
784 | Comtech Telecommunications Corp | 19 | ||||||
23,031 | Corning, Inc | 942 | ||||||
716 | *,e | Corsair Gaming, Inc | 24 | |||||
1,256 | CTS Corp | 47 | ||||||
48 | * | Daktronics, Inc | 0 | ^ | ||||
8,031 | * | Dell Technologies, Inc | 800 | |||||
2,310 | * | Diebold, Inc | 30 | |||||
1,019 | * | Digi International, Inc | 20 | |||||
369 | * | DZS, Inc | 8 | |||||
1,285 | * | Eastman Kodak Co | 11 | |||||
1,375 | * | EchoStar Corp (Class A) | 33 | |||||
728 | * | EMCORE Corp | 7 | |||||
518 | * | ePlus, Inc | 45 | |||||
4,038 | * | Extreme Networks, Inc | 45 | |||||
1,751 | * | F5 Networks, Inc | 327 | |||||
1,106 | * | Fabrinet | 106 | |||||
655 | * | FARO Technologies, Inc | 51 | |||||
3,142 | * | Harmonic, Inc | 27 | |||||
39,969 | Hewlett Packard Enterprise Co | 583 | ||||||
37,828 | HP, Inc | 1,142 | ||||||
447 | * | Identiv, Inc | 8 | |||||
2,990 | * | II-VI, Inc | 217 | |||||
5,792 | * | Infinera Corp | 59 | |||||
2,359 | *,e | Inseego Corp | 24 | |||||
1,044 | * | Insight Enterprises, Inc | 104 | |||||
1,022 | * | IPG Photonics Corp | 215 | |||||
944 | * | Iteris, Inc | 6 | |||||
1,329 | * | Itron, Inc | 133 | |||||
4,143 | Jabil Inc | 241 | ||||||
10,087 | Juniper Networks, Inc | 276 | ||||||
5,626 | * | Keysight Technologies, Inc | 869 | |||||
1,038 | * | Kimball Electronics, Inc | 23 | |||||
3,025 | * | Knowles Corp | 60 | |||||
758 | * | KVH Industries, Inc | 9 | |||||
774 | Littelfuse, Inc | 197 | ||||||
2,379 | * | Lumentum Holdings, Inc | 195 | |||||
1,398 | Methode Electronics, Inc | 69 | ||||||
4,742 | *,e | Microvision, Inc | 79 | |||||
5,026 | Motorola Solutions, Inc | 1,090 | ||||||
428 | * | Napco Security Technologies, Inc | 16 | |||||
4,043 | National Instruments Corp | 171 | ||||||
3,958 | * | NCR Corp | 180 | |||||
6,821 | NetApp, Inc | 558 | ||||||
962 | * | Netgear, Inc | 37 | |||||
2,211 | * | Netscout Systems, Inc | 63 | |||||
1,072 | * | nLight, Inc | 39 | |||||
1,149 | * | Novanta, Inc | 155 | |||||
673 | * | OSI Systems, Inc | 68 | |||||
387 | * | Ouster, Inc | 5 | |||||
675 | *,e | PAR Technology Corp | 47 | |||||
430 | PC Connection, Inc | 20 | ||||||
1,066 | * | Plantronics, Inc | 44 | |||||
884 | * | Plexus Corp | 81 | |||||
8,066 | * | Pure Storage, Inc | 157 | |||||
1,278 | * | Quantum Corp | 9 | |||||
2,205 | * | Ribbon Communications, Inc | 17 | |||||
596 | * | Rogers Corp | 120 | |||||
2,051 | * | Sanmina Corp | 80 | |||||
958 | * | Scansource, Inc | 27 |
44
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
1,358 | * | Super Micro Computer, Inc | $ | 48 | ||||
1,240 | Synnex Corp | 151 | ||||||
7,384 | * | Trimble Inc | 604 | |||||
3,576 | * | TTM Technologies, Inc | 51 | |||||
379 | * | Turtle Beach Corp | 12 | |||||
210 | Ubiquiti, Inc | 66 | ||||||
1,943 | * | Velodyne Lidar, Inc | 21 | |||||
1,951 | * | Viasat, Inc | 97 | |||||
7,253 | * | Viavi Solutions, Inc | 128 | |||||
4,516 | Vishay Intertechnology, Inc | 102 | ||||||
398 | * | Vishay Precision Group, Inc | 14 | |||||
4,816 | Vontier Corp | 157 | ||||||
9,257 | * | Western Digital Corp | 659 | |||||
4,832 | Xerox Holdings Corp | 113 | ||||||
1,604 | * | Zebra Technologies Corp (Class A) | 849 | |||||
|
| |||||||
TOTAL TECHNOLOGY HARDWARE & EQUIPMENT | 89,537 | |||||||
|
| |||||||
TELECOMMUNICATION SERVICES - 1.3% | ||||||||
410 | * | Anterix, Inc | 25 | |||||
215,513 | AT&T, Inc | 6,202 | ||||||
373 | ATN International, Inc | 17 | ||||||
669 | * | Bandwidth Inc | 92 | |||||
573 | * | Cincinnati Bell, Inc | 9 | |||||
1,375 | Cogent Communications Group, Inc | 106 | ||||||
2,586 | * | Consolidated Communications Holdings, Inc | 23 | |||||
18,045 | * | Globalstar, Inc | 32 | |||||
2,248 | *,e | Gogo, Inc | 26 | |||||
521 | * | IDT Corp (Class B) | 19 | |||||
3,657 | * | Iridium Communications, Inc | 146 | |||||
1,581 | * | Liberty Latin America Ltd (Class A) | 22 | |||||
5,022 | * | Liberty Latin America Ltd (Class C) | 71 | |||||
33,627 | Lumen Technologies, Inc | 457 | ||||||
661 | * | Ooma, Inc | 12 | |||||
2,552 | * | ORBCOMM, Inc | 29 | |||||
1,013 | * | Radius Global Infrastructure, Inc | 15 | |||||
1,811 | Shenandoah Telecom Co | 88 | ||||||
2,915 | Telephone & Data Systems, Inc | 66 | ||||||
17,545 | * | T-Mobile US, Inc | 2,541 | |||||
444 | * | US Cellular Corp | 16 | |||||
125,279 | Verizon Communications, Inc | 7,019 | ||||||
7,849 | * | Vonage Holdings Corp | 113 | |||||
|
| |||||||
TOTAL TELECOMMUNICATION SERVICES | 17,146 | |||||||
|
| |||||||
TRANSPORTATION - 2.0% | ||||||||
2,138 | * | Air Transport Services Group, Inc | 50 | |||||
3,985 | * | Alaska Air Group, Inc | 240 | |||||
393 | * | Allegiant Travel Co | 76 | |||||
269 | Amerco, Inc | 159 | ||||||
19,189 | * | American Airlines Group, Inc | 407 | |||||
719 | ArcBest Corp | 42 | ||||||
798 | * | Atlas Air Worldwide Holdings, Inc | 54 | |||||
1,550 | * | Avis Budget Group, Inc | 121 | |||||
4,081 | CH Robinson Worldwide, Inc | 382 | ||||||
1,029 | * | Copa Holdings S.A. (Class A) | 78 | |||||
1,032 | Costamare, Inc | 12 | ||||||
452 | * | Covenant Transportation Group, Inc | 9 | |||||
69,354 | CSX Corp | 2,225 | ||||||
763 | * | Daseke, Inc | 5 | |||||
19,931 | * | Delta Air Lines, Inc | 862 | |||||
219 | *,e | Eagle Bulk Shipping, Inc | 10 | |||||
1,070 | * | Echo Global Logistics, Inc | 33 | |||||
5,114 | Expeditors International of Washington, Inc | 647 | ||||||
7,441 | FedEx Corp | 2,220 |
45
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||
902 | Forward Air Corp | $ | 81 | |||||
349 | * | Frontier Group Holdings, Inc | 6 | |||||
791 | Genco Shipping & Trading Ltd | 15 | ||||||
1,420 | * | Hawaiian Holdings, Inc | 35 | |||||
1,188 | Heartland Express, Inc | 20 | ||||||
1,111 | * | Hub Group, Inc (Class A) | 73 | |||||
526 | * | HyreCar, Inc | 11 | |||||
2,448 | JB Hunt Transport Services, Inc | 399 | ||||||
9,060 | * | JetBlue Airways Corp | 152 | |||||
2,699 | Kansas City Southern | 765 | ||||||
1,943 | * | Kirby Corp | 118 | |||||
4,439 | Knight-Swift Transportation Holdings, Inc | 202 | ||||||
990 | Landstar System, Inc | 156 | ||||||
8,428 | * | Lyft, Inc (Class A) | 510 | |||||
2,253 | Macquarie Infrastructure Co LLC | 86 | ||||||
2,242 | Marten Transport Ltd | 37 | ||||||
1,352 | Matson, Inc | 87 | ||||||
982 | * | Mesa Air Group, Inc | 9 | |||||
7,669 | Norfolk Southern Corp | 2,035 | ||||||
2,984 | Old Dominion Freight Line | 757 | ||||||
1,449 | * | Radiant Logistics, Inc | 10 | |||||
1,666 | Ryder System, Inc | 124 | ||||||
1,798 | * | Safe Bulkers, Inc | 7 | |||||
741 | * | Saia, Inc | 155 | |||||
1,714 | Schneider National, Inc | 37 | ||||||
1,416 | * | Skywest, Inc | 61 | |||||
18,024 | * | Southwest Airlines Co | 957 | |||||
2,785 | * | Spirit Airlines, Inc | 85 | |||||
295 | * | Sun Country Airlines Holdings, Inc | 11 | |||||
836 | * | TuSimple Holdings, Inc | 60 | |||||
48,676 | * | Uber Technologies, Inc | 2,440 | |||||
20,203 | Union Pacific Corp | 4,443 | ||||||
9,516 | * | United Airlines Holdings Inc | 498 | |||||
21,875 | United Parcel Service, Inc (Class B) | 4,549 | ||||||
200 | Universal Logistics Holdings Inc | 5 | ||||||
550 | * | US Xpress Enterprises, Inc | 5 | |||||
1,875 | Werner Enterprises, Inc | 83 | ||||||
2,690 | * | XPO Logistics, Inc | 376 | |||||
1,505 | * | Yellow Corp | 10 | |||||
|
| |||||||
TOTAL TRANSPORTATION | 27,102 | |||||||
|
| |||||||
UTILITIES - 2.3% | ||||||||
20,249 | AES Corp | 528 | ||||||
1,489 | Allete, Inc | 104 | ||||||
7,893 | Alliant Energy Corp | 440 | ||||||
7,555 | Ameren Corp | 605 | ||||||
15,526 | American Electric Power Co, Inc | 1,313 | ||||||
1,275 | American States Water Co | 101 | ||||||
5,572 | American Water Works Co, Inc | 859 | ||||||
366 | Artesian Resources Corp | 13 | ||||||
3,897 | Atmos Energy Corp | 375 | ||||||
1,521 | Avangrid, Inc | 78 | ||||||
2,203 | Avista Corp | 94 | ||||||
1,598 | Black Hills Corp | 105 | ||||||
1,072 | Brookfield Infrastructure Corp | 81 | ||||||
3,901 | Brookfield Renewable Corp | 164 | ||||||
812 | * | Cadiz, Inc | 11 | |||||
1,722 | California Water Service Group | 96 | ||||||
16,687 | Centerpoint Energy, Inc | 409 | ||||||
640 | Chesapeake Utilities Corp | 77 | ||||||
1,290 | Clearway Energy, Inc (Class A) | 32 | ||||||
2,243 | Clearway Energy, Inc (Class C) | 59 | ||||||
9,330 | CMS Energy Corp | 551 | ||||||
10,404 | Consolidated Edison, Inc | 746 |
46
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||||||||||
24,518 | Dominion Energy, Inc | $ | 1,804 | |||||||||||||
5,826 | DTE Energy Co | 755 | ||||||||||||||
22,607 | Duke Energy Corp | 2,232 | ||||||||||||||
11,609 | Edison International | 671 | ||||||||||||||
6,196 | Entergy Corp | 618 | ||||||||||||||
6,923 | Essential Utilities Inc | 316 | ||||||||||||||
7,032 | Evergy, Inc | 425 | ||||||||||||||
10,706 | Eversource Energy | 859 | ||||||||||||||
29,874 | Exelon Corp | 1,324 | ||||||||||||||
16,097 | FirstEnergy Corp | 599 | ||||||||||||||
349 | Global Water Resources, Inc | 6 | ||||||||||||||
2,788 | Hawaiian Electric Industries, Inc | 118 | ||||||||||||||
1,455 | Idacorp, Inc | 142 | ||||||||||||||
5,356 | MDU Resources Group, Inc | 168 | ||||||||||||||
899 | MGE Energy, Inc | 67 | ||||||||||||||
644 | Middlesex Water Co | 53 | ||||||||||||||
2,568 | National Fuel Gas Co | 134 | ||||||||||||||
2,338 | New Jersey Resources Corp | 92 | ||||||||||||||
59,426 | NextEra Energy, Inc | 4,355 | ||||||||||||||
12,354 | NiSource, Inc | 303 | ||||||||||||||
1,124 | Northwest Natural Holding Co | 59 | ||||||||||||||
1,255 | NorthWestern Corp | 76 | ||||||||||||||
6,994 | NRG Energy, Inc | 282 | ||||||||||||||
5,229 | OGE Energy Corp | 176 | ||||||||||||||
1,679 | ONE Gas, Inc | 124 | ||||||||||||||
1,235 | Ormat Technologies, Inc | 86 | ||||||||||||||
920 | Otter Tail Corp | 45 | ||||||||||||||
45,208 | *,b | PG&E Corp | 460 | |||||||||||||
3,359 | Pinnacle West Capital Corp | 275 | ||||||||||||||
2,485 | PNM Resources, Inc | 121 | ||||||||||||||
2,243 | Portland General Electric Co | 103 | ||||||||||||||
23,565 | PPL Corp | 659 | ||||||||||||||
15,326 | Public Service Enterprise Group, Inc | 916 | ||||||||||||||
626 | * | Pure Cycle Corp | 9 | |||||||||||||
9,233 | Sempra Energy | 1,223 | ||||||||||||||
678 | SJW Corp | 43 | ||||||||||||||
3,054 | e | South Jersey Industries, Inc | 79 | |||||||||||||
32,393 | Southern Co | 1,960 | ||||||||||||||
1,379 | Southwest Gas Holdings Inc | 91 | ||||||||||||||
431 | Spark Energy, Inc | 5 | ||||||||||||||
1,343 | Spire, Inc | 97 | ||||||||||||||
2,548 | * | Sunnova Energy International, Inc | 96 | |||||||||||||
6,929 | UGI Corp | 321 | ||||||||||||||
534 | Unitil Corp | 28 | ||||||||||||||
15,127 | Vistra Energy Corp | 281 | ||||||||||||||
9,700 | WEC Energy Group, Inc | 863 | ||||||||||||||
16,649 | Xcel Energy, Inc | 1,097 | ||||||||||||||
490 | York Water Co | 22 | ||||||||||||||
|
| |||||||||||||||
TOTAL UTILITIES | 31,479 | |||||||||||||||
|
| |||||||||||||||
TOTAL COMMON STOCKS | 1,337,592 | |||||||||||||||
|
| |||||||||||||||
(Cost $394,056) | ||||||||||||||||
RIGHTS / WARRANTS - 0.0% | ||||||||||||||||
ENERGY - 0.0% |
| |||||||||||||||
95 | e | Nabors Industries Ltd | 1 | |||||||||||||
|
| |||||||||||||||
TOTAL ENERGY | 1 | |||||||||||||||
|
| |||||||||||||||
MEDIA & ENTERTAINMENT - 0.0% | ||||||||||||||||
4,469 | † | Media General, Inc | 0 | |||||||||||||
|
| |||||||||||||||
TOTAL MEDIA & ENTERTAINMENT | 0 | |||||||||||||||
|
|
47
TIAA SEPARATE ACCOUNT VA-1 - Stock Index Account
SHARES | COMPANY | VALUE (000) | ||||||||||||||
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.0% | ||||||||||||||||
478 | † | Chinook Therapeutics, Inc | $ | 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 | 1 | |||||||||||||||
|
| |||||||||||||||
(Cost $0) | ||||||||||||||||
PRINCIPAL | ISSUER | RATE | MATURITY DATE | |||||||||||||
SHORT-TERM INVESTMENTS - 1.2% | ||||||||||||||||
GOVERNMENT AGENCY DEBT - 0.9% | ||||||||||||||||
$ 6,173,000 | Federal Agricultural Mortgage Corp (FAMC) | 0.010 | % | 07/01/21 | 6,173 | |||||||||||
1,000,000 | Federal Home Loan Bank (FHLB) | 0.085 | 07/14/21 | 1,000 | ||||||||||||
5,000,000 | FHLB | 0.025 | 07/21/21 | 5,000 | ||||||||||||
|
| |||||||||||||||
TOTAL GOVERNMENT AGENCY DEBT | 12,173 | |||||||||||||||
|
| |||||||||||||||
SHARES | COMPANY | |||||||||||||||
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.3% | ||||||||||||||||
3,643,272 | c | State Street Navigator Securities Lending Government Money Market Portfolio | 0.020 | 3,643 | ||||||||||||
|
| |||||||||||||||
TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES | 3,643 | |||||||||||||||
|
| |||||||||||||||
TOTAL SHORT-TERM INVESTMENTS | 15,816 | |||||||||||||||
|
| |||||||||||||||
(Cost $15,816) | ||||||||||||||||
TOTAL INVESTMENTS - 100.2% | 1,353,410 | |||||||||||||||
(Cost $409,873) | ||||||||||||||||
OTHER ASSETS & LIABILITIES, NET - (0.2)% | (2,478 | ) | ||||||||||||||
|
| |||||||||||||||
NET ASSETS - 100.0% | $ | 1,350,932 | ||||||||||||||
|
|
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 $5,635,476. |
g | Security is exempt from registration under Rule 144(A) of the Securities Act of 1933, as amended. Such securities are deemed liquid and may be resold in transactions exempt from registration to qualified institutional buyers. At 6/30/2021, the value of these securities is $106,393 or 0.01% of net assets. |
Cost amounts are in thousands.
Futures contracts outstanding as of June 30, 2021 were as follows (notional amounts and values are in thousands):
Description | Number of long (short) contracts | Expiration date | Notional amount | Value | Unrealized appreciation (depreciation) | |||||||||||||
S&P 500 E Mini Index | 57 | 09/17/21 | $ | 12,003 | $ | 12,223 | $ | 220 |
48
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not Applicable.
Item 8. Portfolio Managers of Closed-End Management Investment Companies.
Not Applicable.
Item 9. Purchases of Equity Securities by Closed-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 semi-annual reporting period.
(b) There were no changes in the Registrant’s internal control over financial reporting that occurred during the Registrant’s semi-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 for Closed-End Management Investment Companies.
Not Applicable
Item 13. Exhibits.
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 ACCOUNT VA-1 | ||||||
Dated: August 16, 2021 | By: | /s/Liza M. Tyler | ||||
Liza M. Tyler | ||||||
Principal Executive Officer |
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: August 16, 2021 | By: | /s/Liza M. Tyler | ||||
Liza M. Tyler | ||||||
Principal Executive Officer | ||||||
(principal executive officer) | ||||||
Dated: August 16, 2021 | By: | /s/E. Scott Wickerham | ||||
E. Scott Wickerham | ||||||
Principal Financial Officer, Principal Accounting | ||||||
Officer and Treasurer | ||||||
(principal financial officer) |