TSP funds post positive returns in June

Tischenko Irina/Shutterstock.com

Thrift Savings Plan funds posted positive returns for June -- a marked improvement over the past several months, which ended mostly down.

All TSP funds finished June in the black, including the internationally invested I Fund, which rose more than 7 percent. The F Fund, invested in fixed-income bonds, and the G Fund, comprised of government-backed securities, were up 0.05 and 0.11 percent, respectively -- slightly slower growth than they saw in May. The F Fund has risen 7.53 percent in the past 12 months; the G Fund rose 1.81 percent in the past year.

The C and S funds also saw gains in June. The C Fund, invested in stocks on Standard & Poor’s 500 Index, gained 4.13 percent in June after finishing May nearly 6 percent in the red. The S Fund, invested in small and mid-size companies that track the Dow Jones Wilshire 4500 Index, posted a positive return of 3.25 percent, after finishing May nearly 7 percent in the red.

Although the funds finished strong by the end of June, they experienced fluctuations during the month due to the financial turmoil in Europe, according to TSP Advisory Board Director of External Affairs Kim Weaver. Stocks, particularly the I and C funds, did not start to rise until the last day of June, when markets surged as European leaders reached a compromise on providing an aid package, Weaver said.

TSP’s life-cycle funds also saw gains in June. The L Income Fund, intended for federal employees who have reached their target retirement date and have started withdrawing money, gained 1.04 percent and is up more than 2 percent over the past 12 months. The L 2020 was up 2.72 percent in June; the L2030 increased 3.32 percent; L 2040 rose 3.77 percent, and the L2050 finished June up 4.27 percent.

All the life-cycle funds, which are based on projected retirement dates, have posed positive returns during the past 12 months, except the L 2050, which is down 0.76 percent compared to a year ago.

(Image via Tischenko Irina/Shutterstock.com)

Stay up-to-date with federal news alerts and analysis — Sign up for GovExec's email newsletters.
FROM OUR SPONSORS
JOIN THE DISCUSSION
Close [ x ] More from GovExec
 
 

Thank you for subscribing to newsletters from GovExec.com.
We think these reports might interest you:

  • Going Agile:Revolutionizing Federal Digital Services Delivery

    Here’s one indication that times have changed: Harriet Tubman is going to be the next face of the twenty dollar bill. Another sign of change? The way in which the federal government arrived at that decision.

    Download
  • Cyber Risk Report: Cybercrime Trends from 2016

    In our first half 2016 cyber trends report, SurfWatch Labs threat intelligence analysts noted one key theme – the interconnected nature of cybercrime – and the second half of the year saw organizations continuing to struggle with that reality. The number of potential cyber threats, the pool of already compromised information, and the ease of finding increasingly sophisticated cybercriminal tools continued to snowball throughout the year.

    Download
  • Featured Content from RSA Conference: Dissed by NIST

    Learn more about the latest draft of the U.S. National Institute of Standards and Technology guidance document on authentication and lifecycle management.

    Download
  • GBC Issue Brief: The Future of 9-1-1

    A Look Into the Next Generation of Emergency Services

    Download
  • GBC Survey Report: Securing the Perimeters

    A candid survey on cybersecurity in state and local governments

    Download
  • The New IP: Moving Government Agencies Toward the Network of The Future

    Federal IT managers are looking to modernize legacy network infrastructures that are taxed by growing demands from mobile devices, video, vast amounts of data, and more. This issue brief discusses the federal government network landscape, as well as market, financial force drivers for network modernization.

    Download
  • eBook: State & Local Cybersecurity

    CenturyLink is committed to helping state and local governments meet their cybersecurity challenges. Towards that end, CenturyLink commissioned a study from the Government Business Council that looked at the perceptions, attitudes and experiences of state and local leaders around the cybersecurity issue. The results were surprising in a number of ways. Learn more about their findings and the ways in which state and local governments can combat cybersecurity threats with this eBook.

    Download

When you download a report, your information may be shared with the underwriters of that document.