RFP Issued for F Fund Manager

By on November 8, 2017 10:13 AM in Agency News with 0 Comments
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Updated: November 15, 2017 2:16 PM

Request for proposals printed on a white background, with rubber stamp

The Federal Retirement Thrift Investment Board, the body that oversees the Thrift Savings Plan, has issued a request for proposal for a manager for the F Fund.

The contract will be for a one-year term, with four one-year options. It is expected to be awarded by March 2018.

The F Fund and the other funds are currently managed by BlackRock Institutional Trust Company, N.A.

The F Fund invests in a bond index fund that tracks the Barclays Capital U.S. Aggregate Bond Index. This broad 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 October of 2017, the F Fund held $28.2 billion in assets.

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Ian Smith is one of the co-founders of FedSmith.com. He enjoys writing about current topics that affect the federal workforce.