July was promising for TSP returns

Editor’s note: This story has been updated. A previous version included incorrectly calculated figures in the article’s text. 

After a June slump, which saw almost entirely negative performance, the Thrift Savings Plan reversed course and rose across the board in July. According to numbers released by the TSP today, all stock and Lifecycle funds showed positive performance, even as inflation hit 9.1% last month.

July was the first month since April 2021 that all TSP funds posted positive returns.

The largest return was in the small cap stock index S fund which was...

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After a June slump, which saw almost entirely negative performance, the Thrift Savings Plan reversed course and rose across the board in July. According to numbers released by the TSP today, all stock and Lifecycle funds showed positive performance, even as inflation hit 9.1% last month.

July was the first month since April 2021 that all TSP funds posted positive returns.

The largest return was in the small cap stock index S fund which was up 10.32% in July, but was down 21.59% year over year. The common stock index C fund had a return 9.22% in July but was down 4.64% year over year.

Behind that, the International Stock Index I fund had a July return of 5.15%, although it was down 13.46% year over year, and the fixed income index F fund had a more modest return of 2.47% last month, while still being down 8.87% year over year.

The only fund with a positive year-over-year return, 2.02%, was the government securities-backed G fund, which had a July return 0.26%.

As for the Lifecycle funds, the L Income fund had a return of 2.21% in July but lost 1.19% of its value over the past 12 months. The latest target date Lifecycle funds, L 2060 and L 2065, both had returns of 7.90% in July but lost 10.17% of their value in the past 12 months.

All other Lifecycle funds also lost value over the past 12 months.

Thrift Savings Plan — July 2022 Returns
Fund July Year-to-Date Last 12 Months
G fund 0.26% 1.41% 2.02%
F fund 2.47% -7.86% -8.87%
C fund 9.22% -12.58% -4.64%
S fund 10.32% -20.48% -21.59%
I fund 5.15% -14.77% -13.46%
L Income 2.21% -2.74% -1.19%
L 2025 3.50% -5.79% -3.45%
L 2030 5.00% -8.53% -5.62%
L 2035 5.47% -9.53% -6.46%
L 2040 5.92% -10.48% -7.24%
L 2045 6.33% -11.34% -7.98%
L 2050 6.71% -12.13% -8.64%
L 2055 7.89% -14.27% -10.16%
L 2060 7.90% -14.27% -10.17%
L 2065 7.90% -14.28% -10.17%

 

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