TSP tanks in weak August
Funds in the Thrift Savings Plan took a plunge last month. With the exception of the government-securities G Fund, all the funds in the Thrift Savings Plan fini...
Funds in the Thrift Savings Plan took a plunge last month. With the exception of the government-securities G Fund, all the funds in the Thrift Savings Plan finished August in negative territory, according to data from the Federal Retirement Thrift Investment Board.
The ever-reliable G Fund held steady at 0.18 percent.
The C Fund, tracked to the performance of stocks of S&P 500 companies, posted the biggest drop — down 2.89 percent over last month. That was followed by the S Fund, made up of smaller company stocks, down 2.76 percent.
The I Fund, made up of international stocks, finished the month down 1.31 percent.
The F Fund was down only slightly — 0.48 percent — but the fund, which is tracked to the bond market, has had a stagnant year. It’s down 2.62 percent since January and nearly as much over the past 12 months.
All five L Funds, a mix of the five regular funds targeted around an employee’s retirement date — all posted in the red for August. The L Income Fund, the target-date fund for retirees currently drawing on their TSP accounts, was down 0.39 percent. The L 2050 was down more than 2 percent.
Overall, the S&P 500 index fell 3.1 percent in August — the worst month on Wall Street since May of last year, according to the Associated Press. However, 2013 has otherwise been a strong year for stocks; the index is up 15 percent since January.
That’s translated to strong showings, year-to-date, for many TSP Funds. The G Fund is up 1.12 percent for the year. The C Fund has risen more than 16 percent since the start of the year, while the S Fund is up more than 20 percent since January.
Thrift Savings Plan August 2013 returns
| Fund | August | Year-to-Date | Last 12 Months |
| G Fund | 0.18% | 1.12% | 1.58% |
| F Fund | -0.48% | -2.62% | -2.25% |
| C Fund | -2.89% | 16.18% | 18.69% |
| S Fund | -2.76% | 20.30% | 26.89% |
| I Fund | -1.31% | 7.56% | 18.96% |
| L Income | -0.39% | 3.52% | 4.90% |
| L 2020 | -1.22% | 7.79% | 11.09% |
| L 2030 | -1.60% | 9.68% | 13.75% |
| L 2040 | -1.87% | 11.08% | 15.75% |
| L 2050 | -2.11% | 12.37% | 17.72% |
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