The Thrift Savings Plan's C Fund-which invests in common stocks-dropped 2.78 percent in September, following a 0.5 percent slide in August, according to a new report by the Federal Retirement Thrift Investment Board.
This is the third month in a row that the C fund has dropped. The C fund has slid five out of the nine months of 1999 so far.
After losing 0.05 percent in August, the F Fund (fixed-income bonds) dropped another 1.15 percent in September. The G Fund (government securities) was up 0.51 percent, following a gain of 0.53 percent in August.
The monthly C, F and G Fund returns reflect net earnings on the changing balances invested during the month.
Over the past year (September 1998 to September 1999), the C Fund is up 27.74 percent, the F Fund 0.43 percent and the G Fund 5.66 percent.
For a daily index of the performance of the C Fund, see the "TSP Ticker" on the front page of GovExec.com. For more TSP information, see the Thrift Savings Plan guide.
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