TIAA Trust, National Association Portfolio holdings

AUM $32.1B

AUM

$32.1B

AUM Growth

-$873M (-3%)

Cap. Flow

-$470M

Cap. Flow % of AUM

-1.46%

Top 10 Holdings %Top 10 Pos %

43.39%

Holding

674

New

Increased

224

Reduced

348

Closed

Top Buys

1	1 iShares MSCI EAFE Small-Cap ETF SCZ	$393M
2	2 iShares Short-Term National Muni Bond ETF SUB	$147M
3	3 iShares Russell Top 200 Value ETF IWX	$68.2M
4	4 Vanguard Value ETF VTV	$46.7M
5	5 iShares ESG Aware MSCI USA ETF ESGU	$33.3M

Top Sells

1	1 iShares Core MSCI Emerging Markets ETF IEMG	$359M
2	2 iShares Core MSCI EAFE ETF IEFA	$335M
3	3 Vanguard Tax-Exempt Bond Index Fund VTEB	$163M
4	4 iShares Russell Mid-Cap Growth ETF IWP	$64.4M
5	5 SPDR Portfolio S&P 500 Value ETF SPYV	$48.5M

Sector Composition

1	Technology	4.15%
2	Financials	2.07%
3	Healthcare	1.61%
4	Communication Services	1.2%
5	Consumer Discretionary	1.14%

#	Name	Market Value	Shares or Principal	Shares Change %	Capital Flow	Portfolio Weight
1	1 iShares Core MSCI EAFE ETF IEFA $138B	$3.83B	50,654,752 -4,427,173	-8%	-$335M	11.95%
2	2 iShares Core MSCI Emerging Markets ETF IEMG $88.6B	$1.98B	36,708,654 -6,643,707	-15%	-$359M	6.18%
3	3 Vanguard Growth ETF VUG $165B	$1.34B	3,621,210 +17,656	+0.5%	+$6.55M	4.19%
4	4 iShares Russell Top 200 Growth ETF IWY $13.2B	$1.27B	6,030,046 -215,354	-3%	-$45.4M	3.97%
5	5 Vanguard FTSE Developed Markets ETF VEA $156B	$1.13B	22,293,011 +149,649	+0.7%	+$7.61M	3.53%
6	6 Vanguard Value ETF VTV $135B	$1.12B	6,499,231 +270,146	+4%	+$46.7M	3.5%
7	7 iShares Russell Top 200 Value ETF IWX $2.69B	$917M	11,158,373 +830,075	+8%	+$68.2M	2.86%
8	8 iShares Core US Aggregate Bond ETF AGG $123B	$867M	8,769,111 -112,538	-1%	-$11.1M	2.71%
9	9 iShares Russell 1000 Growth ETF IWF $107B	$733M	2,031,121 -47,664	-2%	-$17.2M	2.29%
10	10 iShares ESG Aware MSCI USA ETF ESGU $13.4B	$712M	5,840,805 +273,430	+5%	+$33.3M	2.22%
11	11 Vanguard Tax-Exempt Bond Index Fund VTEB $35.7B	$608M	12,247,868 -3,285,272	-21%	-$163M	1.9%
12	12 iShares National Muni Bond ETF MUB $38.9B	$535M	5,074,273 +191,598	+4%	+$20.2M	1.67%
13	13 iShares MBS ETF MBB $38.1B	$500M	5,333,373 -58,805	-1%	-$5.51M	1.56%
14	14 iShares MSCI EAFE Small-Cap ETF SCZ $10.1B	$492M	7,751,093 +6,179,919	+393%	+$393M	1.54%
15	15 SPDR Portfolio Developed World ex-US ETF SPDW $26.3B	$468M	12,850,044 -464,685	-3%	-$16.9M	1.46%
16	16 Vanguard FTSE Emerging Markets ETF VWO $86.9B	$454M	10,033,292 -162,486	-2%	-$7.35M	1.42%
17	17 Vanguard Mid-Cap ETF VO $80.7B	$434M	1,676,486 -52,979	-3%	-$13.7M	1.35%
18	18 Vanguard Russell 1000 Growth ETF VONG $27.6B	$431M	4,642,676 +17,893	+0.4%	+$1.66M	1.34%
19	19 iShares Core S&P 500 ETF IVV $595B	$431M	766,539 -15,405	-2%	-$8.66M	1.34%
20	20 iShares Russell 2000 Value ETF IWN $11B	$429M	2,843,511 +105,613	+4%	+$15.9M	1.34%
21	21 iShares Russell Mid-Cap Value ETF IWS $13.4B	$426M	3,381,633 -247,545	-7%	-$31.2M	1.33%
22	22 Vanguard S&P 500 ETF VOO $658B	$418M	813,592 -6,152	-0.8%	-$3.16M	1.3%
23	23 Apple AAPL $3.12T	$411M	1,852,096 +14,710	+0.8%	+$3.27M	1.28%
24	24 iShares Russell 2000 Growth ETF IWO $11.4B	$384M	1,503,469 -6,566	-0.4%	-$1.68M	1.2%
25	25 iShares Russell Mid-Cap ETF IWR $41.3B	$355M	4,169,062 -48,208	-1%	-$4.1M	1.11%