Summary portfolio of investments continued

CREF Bond Market Account ■ December 31, 2019

Currency Currency Unrealized
to be to be appreciation
purchased Receive sold Deliver Counterparty Settlement date (depreciation)
$ 10,960 CAD 14,325 Toronto Dominion Bank 01/31/20 $ (74)
$ 34,915 JPY 3,777,886 Toronto Dominion Bank 01/31/20 86
$ 10,195 KRW 11,942,106 Toronto Dominion Bank 01/31/20 (144)
$ 1,575 SEK 15,213 Toronto Dominion Bank 01/31/20 (52)
Total $ (184)
Total $(2,019)
^ Amount represents less than $1,000.
Abbreviation(s):
AUD Australian Dollar JPY Japanese Yen SEK Swedish Krona
CAD Canadian Dollar KRW South Korean Won SGD Singapore Dollar
EUR Euro NOK Norwegian Krone THB Thailand Baht
GBP Pound Sterling NZD New Zealand Dollar ZAR South African Rand
ILS Israeli Shekel PLN Polish Zloty

Centrally cleared credit default swap contracts outstanding as of December 31, 2019 were as follows (notional amounts and values
are in thousands):
PURCHASED
Terms of Terms of
payments payments Unrealized
Reference to be to be Maturity Notional Variation appreciation
entity paid received Counterparty date amount* margin (depreciation)
CDX-NAHYS32V3- 5.000% Credit event
5 Year Index as specified Citigroup Global
in contract Markets, Inc 06/20/24 $24,500 $11 $ (866)
CDX-NAHYS32V3- 5.000 Credit event
5 Year Index as specified Citigroup Global
in contract Markets, Inc 06/20/24 14,700 7 (473)
CDX-NAHYS33V2- 5.000 Credit event
5 Year Index as specified Citigroup Global
in contract Markets, Inc 12/20/24 19,800 9 (538)
CDX-NAHYS32V3- 5.000 Credit event
5 Year Index as specified Citigroup Global
in contract Markets, Inc 06/20/24 24,500 11 (1,004)
CDX-NAHYS32V3- 5.000 Credit event
5 Year Index as specified Citigroup Global
in contract Markets, Inc 06/20/24 1,960 1 (56)
CDX-NAHYS32V3- 5.000 Credit event
5 Year Index as specified Citigroup Global
in contract Markets, Inc 06/20/24 19,600 9 (554)
Total $48 $(3,491)

See notes to financial statements College Retirement Equities Fund ■ 2019 Annual Report 67