The Federal Retirement Thrift Investment Board (FRTIB) announced Thursday that it has released a request for proposal for a fund manager for the Fixed Income Index Investment Fund (F Fund).
The contract will be for a one-year term, with four one-year options. The FRTIB expects to award a contract by the end of 2012.
The F Fund invests in a bond index fund that tracks the Barclays Capital U.S. Aggregate Bond Index. The Index includes U.S. Government, mortgage-backed, corporate and foreign government (issued in the U.S.) sectors of the U.S. bond market.
As of April 2012, the F Fund had $21.9 billion in assets. The F Fund, C Fund, S Fund and I Fund are currently managed by BlackRock Institutional Trust Company, N.A.
