TSP Board looks for fund manager for C Fund

The Federal Retirement Thrift Investment Board (FRTIB) is seeking a new fund manager for the Thrift Savings Plan’s C Fund.

The C Fund, invested in common stocks that track performance on the Standard & Poor’s 500 Index, has grown about 3 percent so far this year. By the end of last year, it had grown nearly 14 percent and held more than $140 billion in assets.

In its request for proposal, FRTIB asked that the firm have at least 15 years experience managing passive S&P 500 indexed assets and 10 years of securities lending experience.

The board said it expects to award the contract between April and June of this year.

FRTIB issued RFPs for the F, S and I Funds over the past two years. Those funds are managed by BlackRock Institutional Trust Company.

The board internally manages the G Fund.

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THRIFT SAVINGS PLAN TICKER

Oct 15, 2021 Close Change YTD*
L Income 23.2404 0.0377 3.52%
L 2025 12.0440 0.0378 6.40%
L 2030 42.6549 0.1817 7.92%
L 2035 12.8272 0.0595 8.58%
L 2040 48.6049 0.2448 9.26%
L 2045 13.3308 0.0713 9.83%
L 2050 29.2386 0.1664 10.41%
L 2055 14.4251 0.1019 12.65%
L 2060 14.4251 0.102 12.65%
L 2065 14.4249 0.1019 12.65%
G Fund 16.6826 0.0006 0.99%
F Fund 20.8640 -0.0506 -1.40%
C Fund 67.3040 0.4981 15.90%
S Fund 86.1731 -0.0636 11.66%
I Fund 39.1567 0.3956 8.56%
Closing price updated at approx 6pm ET each business day. More at tsp.gov
* YTD data is updated on the last day of the month.