Thrift savings plan returns saw even steeper declines in October, compared to the last month. After the longest bull market in history, the numbers are bleeding red, according to a report released on Thursday.
The fund with the smallest decline — around 16 percent — was the fixed income investment fund (F fund), falling from -0.62 percent to -0.78 percent.
Two funds came close for first place in terms of greatest decline: the international stock index investment fund (I fund) and the small capitalization stock index fund (S fund). The I fund fell 8.8 percent from a positive 0.91 percent to -7.94 percent. The S fund came in second place, declining 8.3 percent from -1.76 percent to -10.06 percent.
The only fund to see a slight increase was the low-risk, government securities investment fund (G fund), increasing from 0.24 percent to 0.26 percent and mirroring August numbers. Between May and October, the G fund has stayed between 0.24 percent and 0.26 percent — the only fund with relatively stagnant returns month-to-month, according to TSP.
The common stock index investment fund (C fund) also came close, finishing with a 7.41 percent decrease, going from a positive 0.54 percent return in September to -6.84 percent last month. Still, the C fund produced the highest year-to-date (YTD) return of the investment funds, finishing at 2.98 percent. The I fund produced the smallest YTD return, finishing at -8.92 percent.
All of the TSP Lifecycle funds finished with negative returns in October, placing them in the red. The L 2050 fund tumbled the farthest, falling from 1.63 percent to -6.35 percent, a difference of 7.98 percent. Similar to this time last year, the L income fund dropped the least, finishing with -1.40 percent from 0.54 percent — a 1.94 percent decrease. The highest year-to-date lifecycle fund return came from the L 2020 fund, despite a decrease of just over 3 percent.
Since this time last year, all but the G fund are producing significantly lower returns.