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TSP Struggles in June

The international fund took the biggest hit, but four of the TSP’s offerings made modest gains.

The Thrift Savings Plan struggled in June mostly due to the financial turmoil Brexit created, but it wasn’t all bad news: Four of its offerings posted positive returns last month.

Fixed income bonds in the F Fund rose 1.80 percent – the biggest return of any TSP offering in June -- while the common stocks in the C Fund gained a modest 0.26 percent. The stable government securities (G) fund inched up 0.15 percent, and the L Income fund, for those who have already started withdrawing money, grew a slight 0.11 percent last month. For the year to date, the F Fund is up 5.5 percent, the C Fund has gained 3.87 percent, and the G Fund is up 0.93 percent.

All the other funds were in the red. The international fund took the biggest hit in June, falling 3.33 percent, and the S Fund invested in small and midsize companies dropped 0.13 percent. The I Fund is down 3.44 percent for the year to date, while the S Fund has gained 2.71 percent since January. With the exception of the L Income fund, the lifecycle funds – which shift to more conservative portfolios as participants’ anticipated retirement dates grow closer – posted negative returns last month. L 2020 decreased 0.12 percent; L 2030, 0.31 percent; L 2040, 0.43 percent; and L 2050, 0.58 percent.

L Income was up 1.46 percent for 2016. L 2020 rose 1.63 percent for the year to date; L 2030, 1.75 percent; L 2040, 1.76 percent; and L 2050, 1.68 percent.