TSP rebounds from ‘Brexit’ slump in June
The Thrift Savings Plan posted across-the-board positive numbers in July, with some of the hardest hit accounts in June showing the highest returns.
The Thrift Savings Plan posted across-the-board positive numbers in July, with some of the hardest hit accounts in June showing the highest returns.
July’s TSP report demonstrates a reversal of fortunes from June’s mostly negative numbers, which broke a three-month winning streak for the federal retirement savings plan.
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 international I fund rebounded from the worst performing account in June to the second-best performer in July at 5.07 percent. However, it remains in last place for the last 12 months, at -7.17 percent.
The S Fund, which invests in small cap stocks, posted the highest monthly numbers at 5.40 percent, a dramatic improvement from June’s -0.13 percent. However, the F Fund, a fixed-income index investment fund, remains the best performer in the past 12 months at 6.30 percent.
The safe-and-stable G fund, which invests in government bonds, posted slightly lower numbers in July, at 0.13 percent, bringing its 12-month total down to 1.95 percent.
The L Income fund showed a 1.00 percent return, while the rest of the lifecycle funds all positive returns.
| Thrift Savings Plan — July 2016 Returns | |||
| Fund | July | Year-to-Date | Last 12 Months |
| G Fund | 0.13% | 1.06% | 1.95% |
| F Fund | 0.64% | 6.17% | 6.30% |
| C Fund | 3.69% | 7.70% | 5.68% |
| S Fund | 5.40% | 8.26% | 0.25% |
| I Fund | 5.07% | 1.46% | -7.17% |
| L Income | 1.00% | 2.47% | 2.37% |
| L 2020 | 2.01% | 3.67% | 1.73% |
| L 2030 | 2.85% | 4.64% | 1.77% |
| L 2040 | 3.31% | 5.13% | 1.55% |
| L 2050 | 3.74% | 5.48% | 1.17% |
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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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