Federal Thrift Savings Plan participants transferred $1.2 billion to fixed income from equities in July, Tracey Ray, chief investment officer at the $316 billion defined contribution plan, reported Monday at a meeting of the Federal Retirement Thrift Investment Board.
Of that amount, $733 million went into the $25 billion F Fund, which has 8% of total assets and invests in government, corporate and mortgage-backed bonds, while $494 million went into the $135.6 billion G Fund, which invests in government securities and is the Washington-based plan's largest investment option with 43% of assets.
The G Fund gained 0.12% in July and 1.7% for the 12 months ended July 31, while the F Fund posted a 1.38% return for the month and 7.31% for the 12 months.
The $74.9 billion C Fund, which tracks the S&P 500 and has 24% of assets, gained 1.4% in July and 9.26% for the 12 months ended July 31. The small-cap S Fund, with $23.8 billion in assets and 8% of total assets, returned -0.62% for the month and 1.01% for the 12 months.
TSP manages the G Fund internally. BlackRock manages the other investment options.