Most TSP funds bounce back in May after April losses

By Elizabeth Newell Jochum

June 2, 2004

After a month of losses in April, when nearly all the Thrift Savings Plan funds fell, the G, C, S and I Funds gained in May, according to the latest numbers from the Federal Retirement Thrift Investment Board.

The G Fund, invested in government securities, was the only one of the five to grow in both months. It had a 0.29 percent return in April and a 0.39 percent return in May.

The F Fund, on the other hand, fell both months -- by 2.54 percent in April and another 0.5 percent in May. The fund is made up of fixed-income bonds.

The C Fund, which consists of common stocks, rebounded in May with a 1.37 percent gain.

The S Fund, which invests in the stock of small and mid-size companies, posted the most significant losses in April -- 3.94 percent -- and the biggest gains in May -- 1.5 percent.

The I Fund suffered a 2.31 percent loss in April and earned the smallest gain in May growing by 0.3 percent. The fund invests in international stocks.

During the past 12 months, all but the F Fund have had positive returns. The I Fund had the largest net earnings with a nearly 32 percent gain over the past year. The G Fund had the smallest gain at 4.1 percent.

For an index of the performance of the S, C and I funds that is updated each business day, see the TSP Ticker on the front page of GovExec.com.


By Elizabeth Newell Jochum

June 2, 2004

http://www.govexec.com/pay-benefits/2004/06/most-tsp-funds-bounce-back-in-may-after-april-losses/16830/