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 yr | 5 yr | 10 yr |
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Details as of 12/31/2023
Assets
$339.0 billionTotal expense ratio
$0.480/$1,000 account balance 0.048% (4.8 basis points)Benchmark index
S&P 500 Index | spglobal.comAsset manager(s)
BlackRock Institutional Trust Company, N.A.
State Street Global Advisors Trust CompanyInception date
1/29/1988Top ten holdings as of 12/31/2023
- AAPL Apple Inc.
- MSFT Microsoft Corporation
- AMZN Amazon.com Inc
- NVDA Nvidia Corp
- GOOGL Alphabet Inc. Class A
- META Meta Platforms Inc Class A
- GOOG Alphabet Inc. Class C
- TLSA Tesla Inc
- BRK.B Berkshire Hathaway Inc Class B
- JPM JPMorgan Chase & Co.
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Portfolio Weight as of December 31, 2023
Sector Portfolio Weight Portfolio Percentage Communications Services 8.6% Consumer Discretionary 10.9% Consumer Staples 6.2% Energy 3.9% Financials 13.0% Health Care 12.6% Industrials 8.8% Information Technology 28.9% Materials 2.4% Real Estate 2.5% Utilities 2.3% Total 1 100.1% - Due to rounding, numbers may not add up to exactly 100%.
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Fees as of 12/31/2023
Net administrative expense ratio
$0.480/$1,000 account balance 0.048% (4.8 basis points)Investment expense ratio1
$0.000/$1,000 account balance 0.000% (0.0 basis points)Total expense ratio
$0.480/$1,000 account balance 0.048% (4.8 basis points)- 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 123 industries classified into the 11 major sector groups shown in the chart. The stocks in the S&P 500 Index represent approximately 85% 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., and State Street Global Advisors Trust Company. 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.
