FRTIB Selects Manager for the F Fund

The Federal Retirement Thrift Investment Board (FRTIB) has announced a contract with BlackRock to manage the TSP’s F Fund.

The Federal Retirement Thrift Investment Board (FRTIB), the agency that administers the Thrift Savings Plan (TSP), announced that it has selected Blackrock Institutional Trust Company, N.A. as the fund manager for the Fixed Income Index Investment Fund (F Fund).

The F Fund invests in a portfolio of bonds that tracks the Bloomberg Barclays U.S. Aggregate Bond Index. This broad index includes U.S. Government, Agency, mortgage-backed, asset-backed, corporate, and foreign government (issued in the U.S.) sectors of the U.S. bond market.

The contract will be for a one-year term, with four one-year options. As of April 2018, the F Fund held $27.4 billion in assets.

The F Fund and the other TSP funds (C, S, and I) are currently managed by BlackRock Institutional Trust Company, N.A. (BlackRock).

About the Author

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

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