C Fund
Common Stock Index Investment Fund
First, let's answer a few questions.
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Investment in the C Fund offers the opportunity to experience gains from equity ownership of large and mid-sized U.S. company stocks.
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C Fund returns move up and down with the prices of the stocks in the S&P 500 Index (market risk) or if C Fund investments do not outpace or grow enough to offset the reduction in purchasing power (inflation risk).
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The C Fund can be useful in a portfolio that also contains stock funds that track other indexes such as the S Fund and the I Fund. By investing in all segments of the stock market (as opposed to just one), you reduce your exposure to market risk. The C Fund can also be useful in a portfolio that contains bonds. A retirement portfolio that contains a bond fund like the F Fund, along with other stock funds, like the S and I Funds, will tend to be less volatile than one that contains stock funds alone.
The C Fund's investment objective is to match the performance of the Standard and Poor's 500 (S&P 500) Index, a broad market index made up of stocks of 500 large to medium-sized U.S. companies.
Performance
-- YTD | 1 Yr | 3 Yrs | 5 Yrs | 10 Yrs |
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Details As of 12/31/2020
Assets
$251.5 billionTotal expense ratio
$0.510/$1,000 account balance 0.051% (5.1 basis points)Benchmark index
S&P 500 Index | spglobal.comAsset manager
BlackRock Institutional Trust
Company, N.A.Inception date
1/29/1988Top ten holdings As of 12/31/2020
- AAPL Apple, Inc.
- MSFT Microsoft Corporation
- AMZN Amazon.com, Inc.
- FB Facebook, Inc. Class A
- TSLA Tesla, Inc.
- GOOGL Alphabet, Inc. Class A
- GOOG Alphabet, Inc. Class C
- BRK.B Berkshire Hathaway, Inc. Class B
- JNJ Johnson & Johnson
- JPM JPMorgan Chase & Company
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Portfolio Weight As of December 31, 2020
Sector Portfolio Weight Portfolio Percentage Information Technology 27.6% Health Care 13.5% Consumer Discretionary 12.7% Communications Services 10.8% Financials 10.4% Industrials 8.4% Consumer Staples 6.5% Utilities 2.8% Materials 2.6% Real Estate 2.4% Energy 2.3% Total 1 100.0% - Due to rounding, numbers may not add up to exactly 100%.
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Fees As of 12/31/2020
Net administrative expense ratio1
$0.490/$1,000 account balance 0.049% (4.9 basis points)Investment expense ratio
$0.020/$1,000 account balance 0.002% (0.2 basis points)Total expense ratio2
$0.510/$1,000 account balance 0.051% (5.1 basis points)- An expense ratio of 0.049% translates to 4.9 basis points or $0.490 per $1,000 acount balance.
- Fees paid to the investment manager.
Additional information
By law, the C Fund must be invested in a portfolio designed to replicate the performance of an index of stocks representing the U.S. stock markets. The Federal Retirement Thrift Investment Board has chosen as its benchmark the Standard & Poor’s 500 Stock Index, which tracks the performance of major U.S. companies and industries.
The S&P 500 Index is an index of 500 large to medium-sized U.S. companies that are traded in the U.S. stock markets. The index was designed by Standard & Poor’s Corporation (S&P) to provide a representative measure of U.S. stock markets’ performance. The companies in the index represent 157 industries classified into the 11 major sector groups shown in the chart. The stocks in the S&P 500 Index represent approximately 82% of the market value of the U.S. stock markets.
The FRTIB’s Executive Director currently allocates the selection, purchase, investment, and management of assets contained in the C Fund to BlackRock Institutional Trust Company, N.A. The C Fund holds all the stocks included in the S&P 500 Index in virtually the same weights that they have in the index. The performance of the C Fund is evaluated on the basis of how closely its returns match those of the S&P 500 Index.