Thrift Savings Plan funds make few, if any, gains in October

Kateryna Larina/Shutterstock.com

October was a lackluster month for the Thrift Savings Plan, with three of the basic funds posting barely perceptible gains and two ending the month in the red.

International stocks in the I Fund remained the strongest performers in October, gaining just 0.85 percent. The fund has risen 6.41 percent during the past 12 months, however. The government securities (G) fund finished October up 0.12 percent and gained 1.53 percent for the past 12 months. The fixed income bonds in the F Fund earned 0.20 percent for the month and 5.33 percent for the past 12 months.

The C Fund, invested in common stocks on Standard & Poor’s 500 Index, and the S Fund, which is invested in small and midsize companies and tracks the Dow Jones Wilshire 4500 Index, both ended October in the red. The C Fund had losses of 1.86 percent while the S Fund lost 1.31 percent. Both stocks still have posted solid performances during the past 12 months, with the C Fund gaining 15.32 percent and the S Fund, 13.11 percent.

All five of TSP’s life-cycle funds, which move participants to less risky portfolios as they near retirement, finished October in the red. The L Income Fund, for employees who already have started withdrawing money from their TSP accounts, fell 0.11 percent, but has increased more than 4 percent during the past 12 months. L 2020 was down 0.45 percent for October; L 2030 fell 0.60 percent, L 2040 fell 0.71 percent and L 2050 fell 0.80 percent.

All life-cycle funds have posted positive returns during the past 12 months. L 2020 increased 8.03 percent, L 2030 gained 9.51 percent, L 2040 is up 10.58 percent, and L 2050 rose 11.44 percent.

The TSP was closed for transactions Oct. 29-30 due to Hurricane Sandy, and beneficiaries were unable to conduct transactions until the afternoon of Oct. 31.

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:

  • Forecasting Cloud's Future

    Conversations with Federal, State, and Local Technology Leaders on Cloud-Driven Digital Transformation

    Download
  • The Big Data Campaign Trail

    With everyone so focused on security following recent breaches at federal, state and local government and education institutions, there has been little emphasis on the need for better operations. This report breaks down some of the biggest operational challenges in IT management and provides insight into how agencies and leaders can successfully solve some of the biggest lingering government IT issues.

    Download
  • Communicating Innovation in Federal Government

    Federal Government spending on ‘obsolete technology’ continues to increase. Supporting the twin pillars of improved digital service delivery for citizens on the one hand, and the increasingly optimized and flexible working practices for federal employees on the other, are neither easy nor inexpensive tasks. This whitepaper explores how federal agencies can leverage the value of existing agency technology assets while offering IT leaders the ability to implement the kind of employee productivity, citizen service improvements and security demanded by federal oversight.

    Download
  • IT Transformation Trends: Flash Storage as a Strategic IT Asset

    MIT Technology Review: Flash Storage As a Strategic IT Asset For the first time in decades, IT leaders now consider all-flash storage as a strategic IT asset. IT has become a new operating model that enables self-service with high performance, density and resiliency. It also offers the self-service agility of the public cloud combined with the security, performance, and cost-effectiveness of a private cloud. Download this MIT Technology Review paper to learn more about how all-flash storage is transforming the data center.

    Download
  • Ongoing Efforts in Veterans Health Care Modernization

    This report discusses the current state of veterans health care

    Download

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