Summary of market values by sector (unaudited)

CREF Global Equities Account ■ December 31, 2019

Value % of net
Sector (000) assets
INFORMATION TECHNOLOGY $ 3,890,872 18.2%
FINANCIALS 3,191,397 15.0
CONSUMER DISCRETIONARY 2,845,092 13.3
HEALTH CARE 2,441,603 11.5
INDUSTRIALS 2,161,676 10.1
COMMUNICATION SERVICES 1,880,448 8.8
CONSUMER STAPLES 1,680,354 7.9
MATERIALS 1,181,470 5.5
ENERGY 1,082,576 5.1
REAL ESTATE 396,102 1.9
UTILITIES 336,403 1.6
SHORT-TERM INVESTMENTS 369,750 1.7
OTHER ASSETS & LIABILITIES, NET (136,772) (0.6)
NET ASSETS $21,320,971 100.0%

See notes to financial statements College Retirement Equities Fund ■ 2019 Annual Report 53