TSP Makes Mostly Modest Gains in November

Maksim Kabakou/Shutterstock.com

Nearly every fund in the Thrift Savings Plan made gains in November, marking the third consecutive month of positive trends.

Fixed income bonds were the only TSP offerings to dip last month, falling 0.35 percent. The F Fund is also the only investment in the red over the last 12 months, dropping 1.26 percent. The C Fund, invested in common stocks, continued its strong performance, jumping 3.05 percent and again growing more than any other TSP fund. The C Fund has risen 30.34 percent in the last 12 months.

The S Fund, which is invested in small and midsize companies and tracks the Dow Jones Wilshire 4500 Index, was up 2.49 percent in November. The fund has been TSP’s strongest offering in the last year, gaining more than 38 percent.

The I Fund, which consists of international stocks, continued to fall from its 7 percent increase in September, but still managed a 0.75 percent gain. The G Fund, invested in government securities, stayed steady with a 0.18 percent increase. The I Fund is up 25.16 percent over the past 12 months, while the G Fund rose just 1.81 percent over the same period.

The Federal Retirement Thrift Investment Board, which manages the TSP, has decided to move forward with a plan to shift away from placing new employees in the G Fund by default, and instead automatically enroll future hires into the more lucrative lifecycle funds. The switch will ultimately require congressional action, however.  

The L Funds -- designed to move investors to less risky portfolios as the near retirement -- yielded across-the-board positive returns, though once again gained less relative to the previous month. The L Income Fund for TSP participants who have already started withdrawing money ended November up 0.58 percent. L 2020 increased 1.24 percent for the month, L 2030 gained 1.54 percent, L 2040 was 1.74 percent in the black and L 2050 saw a 1.93 percent boost.

The lifecycle funds all have remained in the black for the last 12 months. L Income was up 6.86 percent; L 2020, 15.96 percent; L 2030, 20.06 percent; L 2040, 23.13 percent; and L 2050, 26.14 percent. 

(Image via Maksim Kabakou/Shutterstock.com)

Stay up-to-date with federal news alerts and analysis — Sign up for GovExec's email newsletters.
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

  • 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.

  • 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.

  • 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.

  • Ongoing Efforts in Veterans Health Care Modernization

    This report discusses the current state of veterans health care


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