continued

Lifestyle Conservative Fund Lifestyle Moderate Fund

November 30, 2020 May 31, 2020 November 30, 2020 May 31, 2020
(unaudited) (unaudited)

816,095 1,409,735 594,012 1,536,021

38,717 80,042 36,037 72,160
83 991 — 32
493,633 698,531 601,794 752,785
856,794 1,670,687 682,362 1,809,034

— — — —
— 651,653 — 1,281,261
— — — —
— — — —
— 3,804,454 — 9,262,047
19,743 101,284 21,524 164,683
3,095 6,413 4,485 17,989
206 1,157 98 1,535
22,060 132,721 30,755 318,276
90,118 477,792 98,760 831,842
(495,420) (1,011,987) (331,229) (842,949)
(46,419) (247,179) (141,684) (485,904)
(222) (6,260) (27) (35,206)
(186,506) (772,340) (420,659) (1,122,066)
(954,092) (2,430,297) (1,324,830) (3,879,675)
657,885 4,567,397 (148,602) 9,681,865

See notes to financial statements TIAA-CREF Lifestyle Funds ■ 2020 Semiannual Report 39