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An Upgraded Core Bond Fund Worth Investors' Time

Bronze-rated TIAA-CREF Bond Plus fund allocates across a variety of fixed-income sectors as well as 'plus' sectors.


Brian Moriarty: TIAA-CREF Bond Plus fund was recently upgraded to Bronze from Neutral. The upgrade was driven by our recognition of the strong process, which led the fund to outperform in 2015 and 2016, two difficult and different years for bond funds.

Bill Martin has been lead manager here since August 2011, and is responsible for allocating the fund across a variety of fixed-income sectors. It can invest in everything from corporate bonds to Treasuries to mortgages, and also allocates 20% to 30% to so-called plus sectors. These are high-yield, bank loans, and emerging-markets debt. 

Brian Moriarty does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.