September a dismal month for TSP returns

The Treasury securities-backed G fund and the fixed income investment F fund may have had slight improvements, but September was a period of overall decline for the Thrift Savings Plan.

Returns published by the TSP on Thursday indicated the federal employee 401(k) plan’s three other stock funds, and all of its Lifecycle funds had lower performance last month than in August. The G Fund, which is usually the most reliable yet unchanging, increased from 0.05% to 0.06%, while the F Fund remained in the red — but increased from -0.81% to -0.03%.

As for the other stock funds, international stock index I Fund fell from 5.12% in August to -2.60% in September; the small capitalization stock index S Fund went from 7.20% in August to -3.04% in September; and the common stock index investment C Fund performed the lowest — from 7.19% in August to -3.80% last month.

Compared to the same time in 2019, however, all stock funds except F performed worse. A year ago, the G, C, S and I Funds all had returns in the black.

As for the Lifecycle Funds, September returns were also down across the board. The biggest month-over-month decline was for the L 2055 Fund, followed closely by the L 2060 and L 2065 funds. Each had returns of -3.20% last month. The smallest drop was in the L Income Fund, which went from 1.39% in August to -0.66% in September, according to Thursday’s TSP numbers.

Compared to this time a year ago, the L Income, 2030, 2040 and 2050 Funds all had positive returns. The other Lifecycle funds did not launch until June of this year.

 

Thrift Savings Plan — September 2020 Returns
Fund Sept Year-to-Date Last 12 Months
G fund 0.06% 0.76% 1.21%
F fund -0.03% 6.75% 6.91%
C fund -3.80% 5.50% 15.05%
S fund -3.04% 3.45% 12.60%
I fund -2.60% -6.83% 0.79%
L Income -0.66% 1.59% 3.79%
L 2025 -1.58% n/a n/a
L 2030 -1.92% 1.76% 7.22%
L 2035 -2.11% n/a n/a
L 2040 -2.30% 1.73% 8.17%
L 2045 -2.46% n/a n/a
L 2050 -2.63% 1.64% 8.92%
L 2055 -3.20% n/a n/a
L 2060 -3.20% n/a n/a
L 2065 -3.20% n/a n/a

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THRIFT SAVINGS PLAN TICKER

Sep 24, 2021 Close Change YTD*
L Income 23.2215 -0.0094 4.43%
L 2025 12.0371 -0.0091 8.33%
L 2030 42.6114 -0.0422 10.54%
L 2035 12.8142 -0.0141 11.50%
L 2040 48.5542 -0.0585 12.46%
L 2045 13.3168 -0.0175 13.28%
L 2050 29.2066 -0.0408 14.12%
L 2055 14.4012 -0.0223 17.18%
L 2060 14.4012 -0.0222 17.18%
L 2065 14.4012 -0.0222 17.18%
G Fund 16.6687 0.0006 0.88%
F Fund 20.9835 -0.0368 -0.55%
C Fund 67.0131 0.0988 21.56%
S Fund 85.4976 -0.3354 16.31%
I Fund 39.3441 -0.193 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.