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TSP posts mostly small gains for September
The Thrift Savings Plan posted modest returns for its retirement funds in September, with a majority showing higher numbers than the previous month.
The Thrift Savings Plan posted modest returns for its retirement funds in September, with a majority showing higher numbers than the previous month.
The international stock-index I fund posted the highest monthly numbers at 1.24 percent, but stands in the middle of the pack for the past 12 months at 6.90 percent.
The C Fund, which invests in the S&P 500 Index, was the only fund to post a lower return in September than in August — down to 0.02 percent, compared to 0.14 percent in August. It remains the best performer for the past 12 months at 15.50 percent.
The F fund, a fixed-income index investment fund, remained in the negative this month at -0.04 percent, and is at 5.46 percent for the past 12 months
The G fund, the TSP’s low-risk low-reward option, which invests in government bonds, remained unchanged at 0.13 percent, bringing its 12-month total down to 1.85 percent.
The TSP took a hit in June after investors withdrew $2.1 billion from the stock-indexed C, S and I funds, due to perceived uncertainty in the market following the United Kingdom’s “Brexit” referendum to leave the European Union.
The L Income fund posted a 0.20 percent return this month, while the rest of the lifecycle funds all showed positive returns.
| Thrift Savings Plan — September 2016 Returns | |||
| Fund | September | Year-to-Date | Last 12 Months |
| G Fund | 0.13% | 1.32% | 1.85% |
| F Fund | -0.04% | 6.01% | 5.46% |
| C Fund | 0.02% | 7.87% | 15.50% |
| S Fund | 0.90% | 10.11% | 13.69% |
| I Fund | 1.24% | 2.80% | 6.90% |
| L Income | 0.20% | 2.82% | 4.39% |
| L 2020 | 0.30% | 4.15% | 7.22% |
| L 2030 | 0.38% | 5.23% | 9.12% |
| L 2040 | 0.43% | 5.78% | 10.16% |
| L 2050 | 0.48% | 6.21% | 11.08% |
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Jory Heckman
Jory Heckman is a reporter at Federal News Network covering U.S. Postal Service, IRS, big data and technology issues.
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