TSP funds dip into the negative in September

After rebounding in August, nearly all of the federal Thrift Savings Fund accounts posted negative numbers at the end of September. Despite this one-month dip, ...

After rebounding slightly in August, most federal retirement accounts took a dip into the negative in September.

All but one of the Thrift Savings Plan domestic funds posted negative numbers for September, according to the Federal Retirement Thrift Investment Board.

The G fund, which is made up of government securities, posted a slight 0.18 percent gain last month, bringing it to 1.75 percent for the year and 2.32 percent over the last 12 months.

The rest of the domestic funds, however, posted negative numbers.

Thrift Savings Plan September 2014 Returns
Fund September Year-to-Date Last 12 Months
G Fund 0.18% 1.75% 2.32%
F Fund -0.58% 4.73% 4.70%
C Fund -1.40% 8.41% 19.83%
S Fund -5.10% 1.18% 9.89%
I Fund -3.82% -1.06% 4.59%
L Income -0.42% 2.61% 4.86%
L 2020 -1.36% 3.38% 8.35%
L 2030 -1.84% 3.70% 9.88%
L 2040 -2.18% 3.88% 10.92%
L 2050 -2.50% 3.97% 11.82%

The S fund, which is invested in small cap stocks, ended the month with a -5.10 percent drop — the largest drop for the month of the domestic funds. Even so, it remained 1.18 percent for the year and 9.89 percent over the last 12 months.

The F fund, which is made up of bonds, dipped a slight -0.58 percent in September, but remained in the positve for the year (4.73 percent) and over the last 12 months (4.70 percent).

The C fund and the I fund also posted negatives for the month, at -1.40 percent and -3.82 percent, respectively.

“The I fund is really suffering from the instability all over the world at the moment, so that is being reflected in the I fund prices,” Kim Weaver, Federal Retirement Thrift Investment Board’s director of external affairs told In Depth with Francis Rose.

All lifecycle funds, in which employees choose varying combinations of TSP domestic funds targeted to specific dates, dipped into the negative during September.

The L 2050 Fund, weighted toward more aggressive stock funds, posted a -2.50 percent for the month.

Despite the one-month, across-the-board dip, all lifecycle funds continued to post positive numbers for the year to date and over the last 12 months.


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