Statements of assets and liabilities (unaudited)

TIAA-CREF Lifestyle Funds ■ November 30, 2020

Lifestyle
Income Fund
ASSETS
Affiliated investments, at value‡ $92,022,143
Cash 90,737
Receivable from securities transactions 921,091
Receivable from Fund shares sold 63,748
Dividends receivable 117,803
Due from affiliates 18,350
Other 4,018
Total assets 93,237,890
LIABILITIES
Management fees payable 7,413
Service agreement fees payable 4,739
Distribution fees payable 11,360
Due to affiliates 7,412
Payable for securities transactions 1,033,983
Payable for Fund shares redeemed 27,617
Payable for trustee compensation 3,982
Accrued expenses and other payables 19,846
Total liabilities 1,116,352
NET ASSETS $92,121,538
NET ASSETS CONSIST OF:
Paid-in-capital $83,916,290
Total distributable earnings (loss) 8,205,248
NET ASSETS $92,121,538
INSTITUTIONAL CLASS:
Net assets $12,050,405
Outstanding shares of beneficial interest, unlimited shares authorized ($.0001 par value) 1,010,383
Net asset value per share $ 11.93
ADVISOR CLASS:
Net assets $ 116,463
Outstanding shares of beneficial interest, unlimited shares authorized ($.0001 par value) 9,766
Net asset value per share $ 11.93
PREMIER CLASS:
Net assets $ 346,295
Outstanding shares of beneficial interest, unlimited shares authorized ($.0001 par value) 29,017
Net asset value per share $ 11.93
RETIREMENT CLASS:
Net assets $23,743,920
Outstanding shares of beneficial interest, unlimited shares authorized ($.0001 par value) 1,992,879
Net asset value per share $ 11.91
RETAIL CLASS:
Net assets $55,864,455
Outstanding shares of beneficial interest, unlimited shares authorized ($.0001 par value) 4,688,656
Net asset value per share $ 11.91
‡ Affiliated investments, cost $84,796,388
32 2020 Semiannual Report ■ TIAA-CREF Lifestyle Funds See notes to financial statements