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.