Summary portfolio of investments

CREF Equity Index Account ■ December 31, 2019

Value % of net
Shares Company (000) assets
COMMON STOCKS
AUTOMOBILES & COMPONENTS $ 144,109 0.7%
BANKS
5,157,464 Bank of America Corp 181,646 0.9
1,382,988 Citigroup, Inc 110,487 0.5
1,976,470 JPMorgan Chase & Co 275,520 1.4
2,415,261 Wells Fargo & Co 129,941 0.6
Other 500,241 2.5
1,197,835 5.9
CAPITAL GOODS
336,533 Boeing Co 109,629 0.5
453,411 Honeywell International, Inc 80,254 0.4
Other 1,188,846 5.9
1,378,729 6.8
COMMERCIAL & PROFESSIONAL SERVICES 223,775 1.1
CONSUMER DURABLES & APPAREL
781,619 Nike, Inc (Class B) 79,186 0.4
Other 202,044 1.0
281,230 1.4
CONSUMER SERVICES
477,581 McDonald’s Corp 94,375 0.5
Other 361,364 1.8
455,739 2.3
DIVERSIFIED FINANCIALS 710,472 3.5
ENERGY
1,205,750 Chevron Corp 145,305 0.7
2,678,873 d Exxon Mobil Corp 186,932 0.9
Other 485,224 2.4
817,461 4.0
FOOD & STAPLES RETAILING
280,245 Costco Wholesale Corp 82,370 0.4
890,513 Walmart, Inc 105,829 0.5
Other 87,694 0.5
275,893 1.4
FOOD, BEVERAGE & TOBACCO
2,428,370 Coca-Cola Co 134,410 0.7
886,295 PepsiCo, Inc 121,130 0.6
987,190 Philip Morris International, Inc 84,000 0.4
Other 350,308 1.7
689,848 3.4

58 2019 Annual Report ■ College Retirement Equities Fund See notes to financial statements