TSP rebounds in November


All the funds in the Thrift Savings Plan experienced modest gains in November, despite concern over the impending fiscal cliff.

November overall was a much better month for the TSP than October. International stocks in the I Fund continued to be the TSP’s strongest performer, posting a return of 2.41 percent last month. The fund is up 14.04 percent since January and has increased 11.72 percent during the past 12 months.

The C Fund, invested in common stocks on Standard & Poor’s 500 Index, gained a slight 0.57 percent, after posting negative returns in October. The fund has increased 15.03 percent since the beginning of the year and 16.22 percent in the last 12 months. The S Fund, also in the red in October, rebounded in November, rising 1.53 percent. The S Fund is invested in small and midsize companies and tracks the Dow Jones Wilshire 4500 Index; it has increased 15.42 percent during the past 12 months and 15.46 percent since January.

Congress and the White House currently are in a stalemate over negotiations to avert the so-called fiscal cliff. Various tax cuts are set to expire at the end of 2012, the government is scheduled to hit its debt limit this month, and automatic across-the-board spending cuts will affect federal agencies beginning in January unless political leaders can strike a deal to avoid or defer them. The market has been in a holding pattern in anticipation of an outcome.

The stable government securities (G) fund had the weakest performance in November, growing just 0.11 percent last month and down slightly from its 0.12 percent increase in October. Fixed income bonds in the F Fund eked up 0.16 percent in November. Since January, the G Fund has risen 1.35 percent, while the F Fund has gained 4.43 percent.

All TSP’s five life-cycle funds, designed to move investors to less risky portfolios as they near retirement, finished November in the black, an improvement over October’s negative returns. The L Income Fund, for employees who already have started withdrawing money from their TSP accounts, rose 0.34 percent, L 2020 was up 0.77 percent last month, L 2030 gained 0.93 percent, L 2040 posted a positive return of 1.06 percent, and the L 2050 increased 1.19 percent.

During the past 12 months, the L Income is up 4.49 percent, L 2020 has increased 9.24 percent, L 2030 gained 11.07 percent, L 2040 is up 12.44 percent, and L 2050 rose 13.64 percent.

(Image via McIek/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:

  • Sponsored by G Suite

    Cross-Agency Teamwork, Anytime and Anywhere

    Dan McCrae, director of IT service delivery division, National Oceanic and Atmospheric Administration (NOAA)

  • Data-Centric Security vs. Database-Level Security

    Database-level encryption had its origins in the 1990s and early 2000s in response to very basic risks which largely revolved around the theft of servers, backup tapes and other physical-layer assets. As noted in Verizon’s 2014, Data Breach Investigations Report (DBIR)1, threats today are far more advanced and dangerous.

  • Sponsored by One Identity

    One Nation Under Guard: Securing User Identities Across State and Local Government

    In 2016, the government can expect even more sophisticated threats on the horizon, making it all the more imperative that agencies enforce proper identity and access management (IAM) practices. In order to better measure the current state of IAM at the state and local level, Government Business Council (GBC) conducted an in-depth research study of state and local employees.

  • Sponsored by Aquilent

    The Next Federal Evolution of Cloud

    This GBC report explains the evolution of cloud computing in federal government, and provides an outlook for the future of the cloud in government IT.

  • Sponsored by LTC Partners, administrators of the Federal Long Term Care Insurance Program

    Approaching the Brink of Federal Retirement

    Approximately 10,000 baby boomers are reaching retirement age per day, and a growing number of federal employees are preparing themselves for the next chapter of their lives. Learn how to tackle the challenges that today's workforce faces in laying the groundwork for a smooth and secure retirement.

  • Sponsored by Hewlett Packard Enterprise

    Cyber Defense 101: Arming the Next Generation of Government Employees

    Read this issue brief to learn about the sector's most potent challenges in the new cyber landscape and how government organizations are building a robust, threat-aware infrastructure

  • Sponsored by Aquilent

    GBC Issue Brief: Cultivating Digital Services in the Federal Landscape

    Read this GBC issue brief to learn more about the current state of digital services in the government, and how key players are pushing enhancements towards a user-centric approach.


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