TSP funds improve in October but not by much

Despite slight performance improvements for most funds, the Thrift Savings Plan still had largely negative returns for the month of October, according to numbers released Monday.

The international stock index I Fund and the fixed income investment F fund went down from the previous month, while all other stock and Lifecycle funds increased or, in the case of the securities-backed G fund, stayed flat from September.

The I fund dropped from -2.60% in September to -3.97% last month, while the F fund fell from -0.03% to -0.42%. The small capitalization stock index S Fund improved from -3.04% to 0.50% in that time, and the common stock index investment C Fund rose from -3.80% to -2.66%. The G fund remained at 0.06% for the second consecutive month.

However, as a whole the TSP is performing more poorly than last October, with all funds showing a drop in returns this year compared to the same time in 2019.

So far the G Fund’s year-to-date return is 0.82% — a far cry from the 8.8% annual return it had when it was introduced in 1988. As Federal News Network reported last month, the G fund’s reputation for stability overlooks the fact that the last few years of economic uncertainty have driven more people to buy “safe” Treasury bonds, which raises the value and pushes down the returns.

Among the Lifecycle funds, the highest performer was again the L Income, at -0.58% versus -0.66% last month. The lowest were the L 2055, L 2060 and L 2065 funds all with a -.260% return compared to -3.20% returns in September.

Thrift Savings Plan — October 2020 Returns
Fund Oct. Year-to-Date Last 12 Months
G fund 0.06% 0.82% 1.13%
F fund -0.42% 6.30% 6.16%
C fund -2.66% 2.69% 9.62%
S fund 0.50% 3.97% 11.02%
I fund -3.97% -10.53% -6.57%
L Income -0.58% 1.01% 2.48%
L 2025 -1.30% n/a n/a
L 2030 -1.61% 0.12% 3.76%
L 2035 -1.76% n/a n/a
L 2040 -1.91% -0.21% 4.07%
L 2045 -2.04% n/a n/a
L 2050 -2.17% -0.56% 4.27%
L 2055 -2.60% n/a n/a
L 2060 -2.60% n/a n/a
L 2065 -2.60% n/a n/a

Related Stories

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

    TSP’s G fund has steadily declined for 30 years, belying reputation for stability

    Read more
    (Amelia Brust/Federal News Network)

    September a dismal month for TSP returns

    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.