Last month’s gains didn’t lift most of the funds into the black for the year. MirageC/Getty Images
TSP Funds Tick Up After Two Months of Losses
Nearly all of the funds in the federal government’s 401(k)-style retirement savings plan posted gains in October.
Reversing a two-month trend of losses, nearly every portfolio in the Thrift Savings Plan was in the black in October, but despite those gains every fund in the 401(k)-style retirement savings program except the G Fund remains in the negative for the year.
The only Thrift Savings Plan investment in the red last month was the fixed income F Fund, which fell 1.26%. The S Fund’s small- and mid-size businesses, saw the biggest gains, with an increase of 8.59%.
The common stocks of the C Fund were up 8.10% in October. The international stocks of the I Fund were up 5.98% last month. The government securities G Fund was up 0.34% in October, bringing its gain this year to 2.29%.
All of the TSP’s lifecycle (L) fFunds posted gains across the board. The L Income Fund was up 1.98%; L 2025 3.07%; L 2030 4.52%; L 2035 4.91%; L 2040 5.32%; L 2045 5.66%; L 2050 6.02%; L 2055 7.36%; L 2060 7.36%; L 2065 7.36%.
Still, last month’s gains didn’t lift most of the funds into the black for the year, as every TSP fund other than the G Fund remains in the negative for the year-to-date.
Since January, the F Fund is down 15.38%. The C Fund has losses of 17.70%, and the I Fund is down 22.90%. The S Fund has fared the worst this year, falling 23.83% since January.
Every L Fund has fallen since January, too. The L Income Fund is down 4.13% so far this year; L 2025 8.48%; L 2030 12.45%; L 2035 13.89%; L 2040 15.22%; L 2045 16.42%; L 2050 17.50%; L 2055 20.14%; L 2060 20.15%; L 2065 20.16%.