TSP posts modest August returns

TSP

TSP posts modest August returns

None of the Thrift Savings Plan funds posted higher numbers in August than they did in July, but the federal retirement fund still remains in a better place tha...

Jory Heckman@jheckmanWFED

September 2, 2016 7:09 am

1 min read

None of the Thrift Savings Plan funds posted higher numbers in August than they did in July, but the federal retirement fund still remains in a better place than it was earlier this summer.

The F fund, a fixed-income index investment fund, posted the only negative return this month, going from 0.64 percent in July to -0.11 percent in August. However, the fund’s 12-month outlook remains nearly unchanged at 6.29 percent.

The C Fund, which invests in the Standard and Poor’s (S&P) 500 Index, came out at 0.14 percent this month, but now has the best 12-month performance at 12.63 percent.

The S Fund, which invests in small cap stocks, posted 0.80 percent in August, and has the second-highest 12-month numbers at 7.27 percent

The G fund, the TSP’s low-risk low-reward option, which invests in government bonds, stood unchanged at 0.13 percent, bringing its 12-month total down to 1.90 percent.

The international I fund posted 0.08 percent in August, and remains in last place for the last 12 months, at 0.30 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 showed a 0.13 percent return, while the rest of the lifecycle funds all showed positive returns.

Thrift Savings Plan — August 2016 Returns
Fund	August	Year-to-Date	Last 12 Months
G Fund	0.13%	1.19%	1.90%
F Fund	-0.11%	6.05%	6.29%
C Fund	0.14%	7.85%	12.63%
S Fund	0.80%	9.13%	7.27%
I Fund	0.08%	1.54%	0.30%
L Income	0.13%	2.61%	3.64%
L 2020	0.16%	3.84%	5.11%
L 2030	0.18%	4.83%	6.25%
L 2040	0.20%	5.33%	6.76%
L 2050	0.21%	5.70%	7.13%