January 3, 2012
December 2011 saw modest gains for several of the Thrift Savings Plan offerings, though two funds remained in the red for the month and the year.
After a rough November in which the C Fund, invested in common stocks of large companies on the Standard & Poor's 500 Index, fell 0.21 percent, the fund gained 1.04 percent last month and finished in the black in 2011, at 2.11 percent. The F Fund, which invests in fixed-income bonds, posted a 1.01 percent gain in December and the largest year-end increase at 7.89 percent. The G Fund, or government securities fund, also finished both December and 2011 strong, growing 0.15 percent for the month and 2.45 percent for the year.
The I Fund, invested in international stocks, had a much weaker showing, falling 2.03 percent in December and 11.81 in 2011 overall -- the most of any of the TSP's funds. The S Fund, which invests in small and midsize companies and tracks the Dow Jones Wilshire 4500 Index, also finished 2011 in the red: It slid 3.38 percent over 12 months and 0.04 percent in December.
The TSP's life-cycle funds, designed to move participants to less risky portfolios as they inch closer to retirement, came in with mixed results. L Income, the fund for federal employees who have reached their target retirement date and have started withdrawing money, saw a 0.20 percent gain in December and finished 2011 with a 2.23 percent gain. L 2020 finished December with an 0.11 percent uptick and ended 2011 with a 0.41 percent gain. L 2030 increased 0.09 percent in December but was down 0.31 percent in 2011; L 2040 posted a 0.07 percent gain in December and a 0.96 dip in 2011.
The L 2050 Fund lost 0.01 percent in December. Year-to-date figures for the L 2050 were unavailable because it opened less than a year ago.
January 3, 2012