TEACHERS INSURANCE & ANNUITY ASSOCIATION OF AMERICA Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	SPDR Gold MiniShares	1,085	$101	0.1%	$92.69	—	COM	98149e303
GLW	Corning Inc.	289	$39	0.0%	$111.68	0.0%	COM	219350105
—	Broadcom Inc.	100	$31	0.0%	$309.51	—	COM	11135f101
WMT	Walmart Inc.	204	$25	0.0%	$122.03	0.0%	COM	931142103
LLY	Eli Lilly & Co.	27	$25	0.0%	$1047.09	0.0%	COM	532457108
—	Tesla Motors Inc.	37	$14	0.0%	$371.76	—	COM	88160r101

Increased Positions (5)

IJK iShares S&P MidCap 400 Growth 4.7%

Value ($000) $3,726 (+39.0%) Shares 37,028 (+33.9%) Est. Cost $93.82 Unrealized —

IJJ iShares S&P MidCap 400 Value I 4.6%

Value ($000) $3,643 (+35.2%) Shares 27,492 (+34.3%) Est. Cost $126.14 Unrealized —

— NVIDIA Corp. 0.1%

Value ($000) $89 (+217.9%) Shares 510 (+240.0%) Est. Cost $158.82 Unrealized —

— Alphabet Inc. Class A 0.2%

Value ($000) $165 (+31.6%) Shares 573 (+43.3%) Est. Cost $208.59 Unrealized —

— JPMorgan Chase & Co. 0.0%

Value ($000) $21 (+190.5%) Shares 70 (+218.2%) Est. Cost $292.82 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IJK	iShares S&P MidCap 400 Growth	37,028 (+33.9%)	$3,726 (+39.0%)	4.7%	$93.82	—	COM	464287606
IJJ	iShares S&P MidCap 400 Value I	27,492 (+34.3%)	$3,643 (+35.2%)	4.6%	$126.14	—	COM	464287705
—	NVIDIA Corp.	510 (+240.0%)	$89 (+217.9%)	0.1%	$158.82	—	COM	67066g104
—	Alphabet Inc. Class A	573 (+43.3%)	$165 (+31.6%)	0.2%	$208.59	—	COM	02079k305
—	JPMorgan Chase & Co.	70 (+218.2%)	$21 (+190.5%)	0.0%	$292.82	—	COM	46625h100

Exited Positions (15)

— Alphabet Inc. Class C 0.3%

Value ($000) $251 Shares 800 Est. Cost $313.80 Unrealized —

AMZN Amazon Inc. 0.2%

Value ($000) $144 Shares 625 Est. Cost $228.79 Unrealized -0.9%

— SPDR Dow Jones Industrial Aver 0.1%

Value ($000) $48 Shares 100 Est. Cost $480.57 Unrealized —

WFC Wells Fargo & Co. 0.0%

Value ($000) $27 Shares 292 Est. Cost $80.47 Unrealized +11.9%

KEY KeyCorp 0.0%

Value ($000) $25 Shares 1,200 Est. Cost $14.86 Unrealized +45.9%

VIG Vanguard Dividend Appreciation 0.0%

Value ($000) $22 Shares 100 Est. Cost $219.78 Unrealized —

MSFT Microsoft Corp. 0.0%

Value ($000) $20 Shares 41 Est. Cost $468.98 Unrealized -7.3%

CVS CVS Health Corp. 0.0%

Value ($000) $17 Shares 213 Est. Cost $67.82 Unrealized +15.0%

ANET Arista Networks Inc 0.0%

Value ($000) $13 Shares 100 Est. Cost $137.66 Unrealized -1.9%

— Hewlett-Packard 0.0%

Value ($000) $7 Shares 293 Est. Cost $27.23 Unrealized —

— Hewlett Packard Enterprise Co. 0.0%

Value ($000) $5 Shares 223 Est. Cost $24.56 Unrealized —

MU Micron Technology Inc. 0.0%

Value ($000) $4 Shares 13 Est. Cost $127.82 Unrealized +202.8%

LW Lamb Weston Holdings Inc. 0.0%

Value ($000) $3 Shares 83 Est. Cost $54.21 Unrealized -15.7%

LEA Lear Corp. 0.0%

Value ($000) $3 Shares 25 Est. Cost $102.60 Unrealized +24.5%

LHX L3Harris Technologies Inc. 0.0%

Value ($000) $1 Shares 5 Est. Cost $271.37 Unrealized +26.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	Alphabet Inc. Class C	800	$251	0.3%	$313.80	—	—	02079k107
AMZN	Amazon Inc.	625	$144	0.2%	$228.79	-0.9%	—	023135106
—	SPDR Dow Jones Industrial Aver	100	$48	0.1%	$480.57	—	—	78467x109
WFC	Wells Fargo & Co.	292	$27	0.0%	$80.47	+11.9%	—	949746101
KEY	KeyCorp	1,200	$25	0.0%	$14.86	+45.9%	—	493267108
VIG	Vanguard Dividend Appreciation	100	$22	0.0%	$219.78	—	—	921908844
MSFT	Microsoft Corp.	41	$20	0.0%	$468.98	-7.3%	—	594918104
CVS	CVS Health Corp.	213	$17	0.0%	$67.82	+15.0%	—	126650100
ANET	Arista Networks Inc	100	$13	0.0%	$137.66	-1.9%	—	040413205
—	Hewlett-Packard	293	$7	0.0%	$27.23	—	—	40434l105
—	Hewlett Packard Enterprise Co.	223	$5	0.0%	$24.56	—	—	42824c109
MU	Micron Technology Inc.	13	$4	0.0%	$127.82	+202.8%	—	595112103
LW	Lamb Weston Holdings Inc.	83	$3	0.0%	$54.21	-15.7%	—	513272104
LEA	Lear Corp.	25	$3	0.0%	$102.60	+24.5%	—	521865204
LHX	L3Harris Technologies Inc.	5	$1	0.0%	$271.37	+26.4%	—	502431109

Decreased Positions (8)

AXP American Express Co. 4.6%

Value ($000) $3,672 (-20.2%) Shares 12,139 (-2.3%) Est. Cost $245.13 Unrealized +45.3%

AAPL Apple Inc. 0.1%

Value ($000) $84 (-68.6%) Shares 330 (-66.3%) Est. Cost $252.72 Unrealized +4.0%

— Invesco QQQ Trust ETF 0.3%

Value ($000) $201 (-24.6%) Shares 349 (-19.8%) Est. Cost $488.07 Unrealized —

VOO Vanguard S&P 500 ETF 1.0%

Value ($000) $760 (-5.8%) Shares 1,272 (-1.2%) Est. Cost $546.84 Unrealized —

— SPDR S&P 500 ETF 0.3%

Value ($000) $205 (-12.4%) Shares 315 (-8.2%) Est. Cost $628.53 Unrealized —

— Vanguard Russell 1000 ETF 0.5%

Value ($000) $373 (-5.5%) Shares 1,265 (-1.0%) Est. Cost $260.07 Unrealized —

DG Dollar General Corp. 0.0%

Value ($000) $2 (-86.6%) Shares 15 (-85.0%) Est. Cost $108.94 Unrealized +35.6%

— Raytheon Technologies Co. 0.0%

Value ($000) $2 (-71.8%) Shares 11 (-73.2%) Est. Cost $167.34 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AXP	American Express Co.	12,139 (-2.3%)	$3,672 (-20.2%)	4.6%	$245.13	+45.3%	COM	025816109
AAPL	Apple Inc.	330 (-66.3%)	$84 (-68.6%)	0.1%	$252.72	+4.0%	COM	037833100
—	Invesco QQQ Trust ETF	349 (-19.8%)	$201 (-24.6%)	0.3%	$488.07	—	COM	46090e103
VOO	Vanguard S&P 500 ETF	1,272 (-1.2%)	$760 (-5.8%)	1.0%	$546.84	—	COM	922908363
—	SPDR S&P 500 ETF	315 (-8.2%)	$205 (-12.4%)	0.3%	$628.53	—	COM	78462f103
—	Vanguard Russell 1000 ETF	1,265 (-1.0%)	$373 (-5.5%)	0.5%	$260.07	—	COM	92206c730
DG	Dollar General Corp.	15 (-85.0%)	$2 (-86.6%)	0.0%	$108.94	+35.6%	COM	256677105
—	Raytheon Technologies Co.	11 (-73.2%)	$2 (-71.8%)	0.0%	$167.34	—	COM	75513e101

Unchanged Positions (65)

FICO Fair Isaac Corp. 10.7%

Value ($000) $8,549 Shares 8,008 Est. Cost $1721.38 Unrealized -14.8%

IVV iShares Core S&P 500 ETF 32.2%

Value ($000) $25,658 Shares 39,280 Est. Cost $576.82 Unrealized —

— Exxon Mobil Corp. 1.2%

Value ($000) $978 Shares 5,765 Est. Cost $108.05 Unrealized —

IWB iShares Russell 1000 Index ETF 6.7%

Value ($000) $5,337 Shares 14,967 Est. Cost $314.39 Unrealized —

— Ameriprise Financial Inc. 2.2%

Value ($000) $1,722 Shares 3,875 Est. Cost $469.81 Unrealized —

VEA Vanguard FTSE Developed Market 6.5%

Value ($000) $5,145 Shares 80,298 Est. Cost $52.81 Unrealized —

KO Coca-Cola Co. 1.7%

Value ($000) $1,349 Shares 17,736 Est. Cost $65.65 Unrealized +13.9%

— GE Vernova Inc 0.4%

Value ($000) $352 Shares 403 Est. Cost $254.98 Unrealized —

— SPDR Gold Shares ETF 1.2%

Value ($000) $960 Shares 2,232 Est. Cost $243.06 Unrealized —

IJR iShares S&P Small Cap 600 Inde 1.8%

Value ($000) $1,461 Shares 11,752 Est. Cost $116.96 Unrealized —

IBM International Business Machine 0.3%

Value ($000) $203 Shares 838 Est. Cost $188.97 Unrealized +50.3%

IJH iShares Core S&P MidCap ETF 2.4%

Value ($000) $1,926 Shares 28,519 Est. Cost $62.32 Unrealized —

— Dimensional US Marketwide Valu 1.4%

Value ($000) $1,099 Shares 22,672 Est. Cost $41.69 Unrealized —

— 3M Company 0.5%

Value ($000) $385 Shares 2,648 Est. Cost $136.70 Unrealized —

IGF iShares S&P Global Infrastruct 0.6%

Value ($000) $465 Shares 6,946 Est. Cost $61.12 Unrealized —

GE GE Aerospace 0.6%

Value ($000) $458 Shares 1,613 Est. Cost $167.93 Unrealized +89.5%

JNJ Johnson & Johnson 0.3%

Value ($000) $225 Shares 920 Est. Cost $152.66 Unrealized +49.3%

VTV Vanguard Value Index ETF 1.5%

Value ($000) $1,235 Shares 6,293 Est. Cost $174.89 Unrealized —

— DFA U.S. Small Cap ETF 1.9%

Value ($000) $1,503 Shares 21,127 Est. Cost $64.86 Unrealized —

— AT&T Inc. 0.2%

Value ($000) $191 Shares 6,581 Est. Cost $22.00 Unrealized —

IWN iShares Russell 2000 Value Ind 0.6%

Value ($000) $444 Shares 2,341 Est. Cost $166.82 Unrealized —

EFA iShares MSCI EAFE ETF 2.1%

Value ($000) $1,636 Shares 16,845 Est. Cost $83.63 Unrealized —

— Oracle Corp. 0.1%

Value ($000) $53 Shares 358 Est. Cost $170.40 Unrealized —

FBTC Fidelity Wise Origin Bitcoin E 0.1%

Value ($000) $55 Shares 935 Est. Cost $55.53 Unrealized —

GEN Gen Digital Inc. 0.0%

Value ($000) $32 Shares 1,680 Est. Cost $25.05 Unrealized -2.6%

BRK/B Berkshire Hathaway Inc. Class 0.3%

Value ($000) $240 Shares 500 Est. Cost $445.66 Unrealized +10.7%

TMO Thermo Fisher Scientific Inc. 0.1%

Value ($000) $52 Shares 105 Est. Cost $589.13 Unrealized -2.5%

— Solventum Corp 0.1%

Value ($000) $43 Shares 662 Est. Cost $69.72 Unrealized —

IWM iShares Russell 2000 ETF 1.6%

Value ($000) $1,245 Shares 5,019 Est. Cost $220.89 Unrealized —

— Nuveen Muni Value Fund Inc. CE 1.0%

Value ($000) $821 Shares 91,275 Est. Cost $9.02 Unrealized —

— GE HealthCare Technologies Inc 0.0%

Value ($000) $38 Shares 537 Est. Cost $93.85 Unrealized —

DHR Danaher Corp. 0.0%

Value ($000) $27 Shares 140 Est. Cost $262.43 Unrealized -14.4%

WDC Western Digital Corp. 0.0%

Value ($000) $14 Shares 53 Est. Cost $81.60 Unrealized +207.9%

PG Procter & Gamble Co. 0.8%

Value ($000) $662 Shares 4,583 Est. Cost $164.23 Unrealized -7.6%

PFE Pfizer Inc. 0.0%

Value ($000) $34 Shares 1,226 Est. Cost $26.68 Unrealized -1.9%

HON Honeywell International Inc. 0.0%

Value ($000) $27 Shares 120 Est. Cost $188.34 Unrealized +20.0%

NKE Nike Inc. B 0.0%

Value ($000) $18 Shares 340 Est. Cost $76.01 Unrealized -15.8%

TJX TJX Companies Inc. 0.1%

Value ($000) $83 Shares 520 Est. Cost $112.73 Unrealized +36.8%

VB Vanguard Small Cap ETF 0.2%

Value ($000) $199 Shares 759 Est. Cost $239.97 Unrealized —

WAB Westinghouse Air Brake Technol 0.0%

Value ($000) $17 Shares 68 Est. Cost $162.97 Unrealized +46.6%

VO Vanguard Mid Cap ETF 0.3%

Value ($000) $231 Shares 806 Est. Cost $263.83 Unrealized —

— Kyndryl Holdings Inc. 0.0%

Value ($000) $2 Shares 167 Est. Cost $22.98 Unrealized —

WBD Warner Bros.Discovery Inc. Cla 0.1%

Value ($000) $44 Shares 1,592 Est. Cost $7.81 Unrealized +261.4%

VXUS Vanguard Total Intl Stock ETF 0.1%

Value ($000) $93 Shares 1,209 Est. Cost $64.74 Unrealized —

IWR iShares Russell Midcap ETF 0.3%

Value ($000) $200 Shares 2,062 Est. Cost $88.14 Unrealized —

EEM iShares MSCI Emerging Mkts ETF 0.1%

Value ($000) $46 Shares 810 Est. Cost $45.86 Unrealized —

VWO Vanguard FTSE Emerging Markets 0.4%

Value ($000) $311 Shares 5,748 Est. Cost $47.85 Unrealized —

— SPDR S&P 600 Small Cap Value E 0.1%

Value ($000) $41 Shares 430 Est. Cost $87.01 Unrealized —

— Carlyle Group Inc. 0.0%

Value ($000) $5 Shares 101 Est. Cost $62.70 Unrealized —

SCZ iShares MSCI EAFE Small Cap ET 0.1%

Value ($000) $81 Shares 1,036 Est. Cost $67.70 Unrealized —

— Solstice Advanced Materials In 0.0%

Value ($000) $2 Shares 30 Est. Cost $48.57 Unrealized —

IVOV Vanguard S&P Mid-Cap 400 Value 0.1%

Value ($000) $85 Shares 831 Est. Cost $95.98 Unrealized —

DIS Walt Disney Co. 0.0%

Value ($000) $3 Shares 33 Est. Cost $116.99 Unrealized -6.4%

BIV Vanguard Interm-Term Bond ETF 0.1%

Value ($000) $59 Shares 770 Est. Cost $77.88 Unrealized —

IUSV iShares Core S&P US Value ETF 0.2%

Value ($000) $174 Shares 1,705 Est. Cost $95.49 Unrealized —

VNQI Vanguard Global ex-US Real Est 0.0%

Value ($000) $15 Shares 328 Est. Cost $45.84 Unrealized —

— WESCO International Inc 0.0%

Value ($000) $4 Shares 15 Est. Cost $211.53 Unrealized —

SRE Sempra Energy 0.0%

Value ($000) $3 Shares 36 Est. Cost $79.82 Unrealized +12.2%

SCYB Schwab High Yield Bond ETF 0.0%

Value ($000) $19 Shares 738 Est. Cost $26.42 Unrealized —

BND Vanguard Total Bond Market ETF 0.1%

Value ($000) $51 Shares 688 Est. Cost $74.07 Unrealized —

VNQ Vanguard Real Estate Index ETF 0.1%

Value ($000) $105 Shares 1,182 Est. Cost $89.61 Unrealized —

— Viatris Inc. 0.0%

Value ($000) $2 Shares 152 Est. Cost $11.61 Unrealized —

— Vanguard Total Intl Bond ETF 0.0%

Value ($000) $25 Shares 528 Est. Cost $48.32 Unrealized —

— MFS Multimarket Income Trust C 0.0%

Value ($000) $18 Shares 3,982 Est. Cost $4.87 Unrealized —

— Lehman Brothers Holding Escrow 0.0%

Value ($000) $0 Shares 7,875 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FICO	Fair Isaac Corp.	8,008	$8,549	10.7%	$1721.38	-14.8%	COM	303250104
IVV	iShares Core S&P 500 ETF	39,280	$25,658	32.2%	$576.82	—	COM	464287200
—	Exxon Mobil Corp.	5,765	$978	1.2%	$108.05	—	COM	30231g102
IWB	iShares Russell 1000 Index ETF	14,967	$5,337	6.7%	$314.39	—	COM	464287622
—	Ameriprise Financial Inc.	3,875	$1,722	2.2%	$469.81	—	COM	03076c106
VEA	Vanguard FTSE Developed Market	80,298	$5,145	6.5%	$52.81	—	COM	921943858
KO	Coca-Cola Co.	17,736	$1,349	1.7%	$65.65	+13.9%	COM	191216100
—	GE Vernova Inc	403	$352	0.4%	$254.98	—	COM	36828a101
—	SPDR Gold Shares ETF	2,232	$960	1.2%	$243.06	—	COM	78463v107
IJR	iShares S&P Small Cap 600 Inde	11,752	$1,461	1.8%	$116.96	—	COM	464287804
IBM	International Business Machine	838	$203	0.3%	$188.97	+50.3%	COM	459200101
IJH	iShares Core S&P MidCap ETF	28,519	$1,926	2.4%	$62.32	—	COM	464287507
—	Dimensional US Marketwide Valu	22,672	$1,099	1.4%	$41.69	—	COM	25434v724
—	3M Company	2,648	$385	0.5%	$136.70	—	COM	88579y101
IGF	iShares S&P Global Infrastruct	6,946	$465	0.6%	$61.12	—	COM	464288372
GE	GE Aerospace	1,613	$458	0.6%	$167.93	+89.5%	COM	369604301
JNJ	Johnson & Johnson	920	$225	0.3%	$152.66	+49.3%	COM	478160104
VTV	Vanguard Value Index ETF	6,293	$1,235	1.5%	$174.89	—	COM	922908744
—	DFA U.S. Small Cap ETF	21,127	$1,503	1.9%	$64.86	—	COM	25434v500
—	AT&T Inc.	6,581	$191	0.2%	$22.00	—	COM	00206r102
IWN	iShares Russell 2000 Value Ind	2,341	$444	0.6%	$166.82	—	COM	464287630
EFA	iShares MSCI EAFE ETF	16,845	$1,636	2.1%	$83.63	—	COM	464287465
—	Oracle Corp.	358	$53	0.1%	$170.40	—	COM	68389x105
FBTC	Fidelity Wise Origin Bitcoin E	935	$55	0.1%	$55.53	—	COM	315948109
GEN	Gen Digital Inc.	1,680	$32	0.0%	$25.05	-2.6%	COM	668771108
BRK/B	Berkshire Hathaway Inc. Class	500	$240	0.3%	$445.66	+10.7%	COM	084670702
TMO	Thermo Fisher Scientific Inc.	105	$52	0.1%	$589.13	-2.5%	COM	883556102
—	Solventum Corp	662	$43	0.1%	$69.72	—	COM	83444m101
IWM	iShares Russell 2000 ETF	5,019	$1,245	1.6%	$220.89	—	COM	464287655
—	Nuveen Muni Value Fund Inc. CE	91,275	$821	1.0%	$9.02	—	COM	670928100
—	GE HealthCare Technologies Inc	537	$38	0.0%	$93.85	—	COM	36266g107
DHR	Danaher Corp.	140	$27	0.0%	$262.43	-14.4%	COM	235851102
WDC	Western Digital Corp.	53	$14	0.0%	$81.60	+207.9%	COM	958102105
PG	Procter & Gamble Co.	4,583	$662	0.8%	$164.23	-7.6%	COM	742718109
PFE	Pfizer Inc.	1,226	$34	0.0%	$26.68	-1.9%	COM	717081103
HON	Honeywell International Inc.	120	$27	0.0%	$188.34	+20.0%	COM	438516106
NKE	Nike Inc. B	340	$18	0.0%	$76.01	-15.8%	COM	654106103
TJX	TJX Companies Inc.	520	$83	0.1%	$112.73	+36.8%	COM	872540109
VB	Vanguard Small Cap ETF	759	$199	0.2%	$239.97	—	COM	922908751
WAB	Westinghouse Air Brake Technol	68	$17	0.0%	$162.97	+46.6%	COM	929740108
VO	Vanguard Mid Cap ETF	806	$231	0.3%	$263.83	—	COM	922908629
—	Kyndryl Holdings Inc.	167	$2	0.0%	$22.98	—	COM	50155q100
WBD	Warner Bros.Discovery Inc. Cla	1,592	$44	0.1%	$7.81	+261.4%	COM	934423104
VXUS	Vanguard Total Intl Stock ETF	1,209	$93	0.1%	$64.74	—	COM	921909768
IWR	iShares Russell Midcap ETF	2,062	$200	0.3%	$88.14	—	COM	464287499
EEM	iShares MSCI Emerging Mkts ETF	810	$46	0.1%	$45.86	—	COM	464287234
VWO	Vanguard FTSE Emerging Markets	5,748	$311	0.4%	$47.85	—	COM	922042858
—	SPDR S&P 600 Small Cap Value E	430	$41	0.1%	$87.01	—	COM	78464a300
—	Carlyle Group Inc.	101	$5	0.0%	$62.70	—	COM	14316j108
SCZ	iShares MSCI EAFE Small Cap ET	1,036	$81	0.1%	$67.70	—	COM	464288273
—	Solstice Advanced Materials In	30	$2	0.0%	$48.57	—	COM	83443q103
IVOV	Vanguard S&P Mid-Cap 400 Value	831	$85	0.1%	$95.98	—	COM	921932844
DIS	Walt Disney Co.	33	$3	0.0%	$116.99	-6.4%	COM	254687106
BIV	Vanguard Interm-Term Bond ETF	770	$59	0.1%	$77.88	—	COM	921937819
IUSV	iShares Core S&P US Value ETF	1,705	$174	0.2%	$95.49	—	COM	464287663
VNQI	Vanguard Global ex-US Real Est	328	$15	0.0%	$45.84	—	COM	922042676
—	WESCO International Inc	15	$4	0.0%	$211.53	—	COM	95082p105
SRE	Sempra Energy	36	$3	0.0%	$79.82	+12.2%	COM	816851109
SCYB	Schwab High Yield Bond ETF	738	$19	0.0%	$26.42	—	COM	808524631
BND	Vanguard Total Bond Market ETF	688	$51	0.1%	$74.07	—	COM	921937835
VNQ	Vanguard Real Estate Index ETF	1,182	$105	0.1%	$89.61	—	COM	922908553
—	Viatris Inc.	152	$2	0.0%	$11.61	—	COM	92556v106
—	Vanguard Total Intl Bond ETF	528	$25	0.0%	$48.32	—	COM	92203j407
—	MFS Multimarket Income Trust C	3,982	$18	0.0%	$4.87	—	COM	552737108
—	Lehman Brothers Holding Escrow	7,875	$0	0.0%	—	—	COM	524esc100