TSP returns down for June, new 5-year Lifecycle funds go live

More businesses, states and federal offices might be reopening — but last month still saw negative Thrift Savings Plan performances.

Tuesday marked the end of June and with it the end of the L 2020 Lifecycle fund. It was also the day six new Lifecycle funds were implemented: The L 2025, L 2035, L 2045, L 2055, L 2060 and L 2065 funds.

As Federal News Network previously reported,  the TSP will automatically move participants enrolled in the L 2020 fund into the L income fund and these participants can transfer out of the income fund and into any of the other lifecycle funds starting Wednesday.

Lifecycle fund returns for June followed the same trend as the stock funds. The L Income fund went from 1.23% in May to 0.73% in June. The L 2020 fund dropped from 1.31% to 0.77%, the L 2030 fund declined from 3.25% to 1.81%, and the L 2040 fund decreased from 3.88% to 2.14%. Finally, the L 2050 fund had a June return of 2.42% versus 4.43% in May.

Across the TSP, June returns were down from May in almost every fund except two: The Treasury securities-backed G fund which stayed flat at 0.06%, and the fixed income investment F fund which increased by 0.17% to a return of 0.63%, according to numbers released by the TSP on Wednesday.

The F Fund has also shown the highest growth — 8.65% — for the last 12 months.

The small capitalization stock index S fund had a return of 4% in June compared to 8.79% in May, while the common stock index investment C fund had a June return of 1.99% versus 4.76% the month before. And the international stock index I fund finished last month with a return of 3.44% compared to 4.5% in May, according to Wednesday’s numbers.

Nevertheless, performance drops were small enough to keep all funds in the black for the third consecutive month.

Thrift Savings Plan — June 2020 Returns
Fund June Year-to-Date Last 12 Months
G fund 0.06% 0.59% 1.54%
F fund 0.63% 6.08% 8.65%
C fund 1.99% -3.15% 7.41%
S fund 4.00% -5.85% 0.84%
I fund 3.44% -11.08% -4.82%
L Income 0.73% -0.23% 2.52%
L 2020 0.77% -0.74% 2.36%
L 2030 1.81% -2.80% 2.95%
L 2040 2.14% -3.64% 2.96%
L 2050 2.42% -4.42% 2.86%

Related Stories

    (Amelia Brust/Federal News Network)G fund, TSP

    TSP participants will have 6 new lifecycle funds at the end of June

    Read more
    (Amelia Brust/Federal News Network)

    TSP funds drop after April surge

    Read more

Comments

Sign up for breaking news alerts

THRIFT SAVINGS PLAN TICKER

Sep 23, 2021 Close Change YTD*
L Income 23.2309 0.0506 4.43%
L 2025 12.0462 0.0547 8.33%
L 2030 42.6536 0.2591 10.54%
L 2035 12.8283 0.0853 11.50%
L 2040 48.6127 0.3527 12.46%
L 2045 13.3343 0.1035 13.28%
L 2050 29.2474 0.2426 14.12%
L 2055 14.4235 0.1515 17.18%
L 2060 14.4234 0.1514 17.18%
L 2065 14.4234 0.1514 17.18%
G Fund 16.6681 0.0006 0.88%
F Fund 21.0203 -0.1166 -0.55%
C Fund 66.9143 0.8046 21.56%
S Fund 85.8330 1.2015 16.31%
I Fund 39.5371 0.2834 11.70%
Closing price updated at approx 6pm ET each business day. More at tsp.gov
* YTD data is updated on the last day of the month.