TIAA-CREF has added a new socially responsible fund dubbed the Social Choice Bond Fund (TSBIX, TSBBX, TSBRX, TSBPX), an actively managed, core fixed-income mutual fund.

The fund will primarily bet on U.S. government securities, corporate bonds, taxable municipal securities and mortgage-backed and other asset-backed securities. The fund’s benchmark is the Barclays U.S. Aggregate Bond Index.

In addition, the fund targets 10% of its bets to fixed-income securities considered to be “proactive social investments” in the areas of affordable housing, community and economic development, renewable energy and climate change, and natural resources.

The fund is managed by Stephen Liberatore, Steven Raab and Joseph Higgins.

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