All but the most stable Thrift Savings Plan fund, the government securities (G) fund, posted losses for the month of June.
The G fund grew 0.32 percent in June for a 1.79 percent overall gain so far this year. That is the highest return posted by any of the TSP funds in 2008. The F fund, which is made up of fixed-income bonds, is up 1.26 percent this year, but fell 0.08 percent in June. All other funds are down since January.
The C fund, which tracks Standard & Poor's 500 Index, lost 8.41 percent in June making it the largest loss among the five main funds. The fund is down 11.9 percent so far this year, and 13.05 percent during the last 12 months.
The I fund, which invests in European, Asian, and Australian companies, posted the second-largest loss, 8.15 percent in June. The fund has decreased 10.78 percent in 2008, and 10.42 percent during the last 12 months.
The S fund, which invests in small- and mid-size U.S. companies and tracks the Dow Jones Wilshire 4500 Index, fell 7.63 percent. During 2008, the fund has dropped 7.68 percent, and 11.14 percent during the last year.
All the lifecycle funds, which include riskier investments earlier in a participant's career and shift to a more conservative allocation as retirement approaches, posted losses in June after gaining in May. The L 2040 fund, for participants who plan to retire in or around 2040, fell 6.7 percent in June; L 2030 dipped 5.88 percent; L 2020 decreased 4.97 percent; and L 2010 fell 2.65 percent. L Income, designed for participants close to retirement, fell 1.47 percent.
All the L funds are down in 2008, and only the L Income fund has gained in the past 12 months, with the riskiest among the L funds posting the largest losses. L 2040 is down 8.39 percent in 2008, 8.54 percent during the past 12 months; L 2030 dropped 7.18 percent in 2008, 6.97 percent during the past year; L 2020 is down 5.83 percent in 2008, 5.26 percent during the past year; and L 2010 fell 2.59 percent so far this year, 1.12 percent during the past 12 months.