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.

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.

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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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