The six new Thrift Savings Plan Lifecycle funds, which began July 1, finished their first month in the black. In fact, every TSP fund, including the original L funds and all the stock indexes, posted positive returns in July, though none were particularly exceptional.
The international stock index I fund was the only one to post lower returns in July than in June, dropping from 3.44% to 2.33%. Meanwhile, the reliable Treasury securities-backed G fund posted 0.06% returns for the third month in a row.
The common stock index investment C fund showed the most growth among the index funds, rising from 1.99% to 5.64%. The small capitalization stock index S fund posted the highest return for the fourth month in a row at 5.71%, though not much of an increase from June’s 4.00%.
The fixed income investment F fund climbed from 0.63% to 1.49%.
The Lifecycle funds ranged from 1.11% for the L Income, which absorbed the L 2020 fund last month, to 4.13% for the L 2055, 2060, and 2065 funds.
With the exception of the L Income fund, all of the year-to-date returns for the preexisting L funds remained in the negatives due to a dismal first quarter that they have yet to fully recover from. The index funds’ year-to-date returns are mixed, with G, F and C in the black, while the S and I funds have yet to recover.