Most TSP funds lost some ground in August
TSP returns are down almost entirely across the board for the month of August.
Almost across the board, Thrift Savings Plan returns were down in the month of August, except for the G Fund — the government securities investment fund — which enjoyed a modest 0.25% increase. Among the individual funds, the I Fund — the international stock index — saw the largest percentage drop in August, losing 5.79%. For context, shares in the I Fund were going for $33.70 on Aug. 1 and went for $31.67 on Aug. 31. A year ago, the I Fund ended the month of August costing $39.53 per share.
The lifecycle funds also had a tough month with all of them dropping in price. The L Income Fund had the smallest drop, losing 1.04%, while the L 2055, 2060 and 2065 funds saw the biggest drops, all going down 4.36%.
Earlier in August, the C and F Funds — common stock index and fixed income index respectively — saw comparatively substantial bumps on Aug. 10, before returning to below their Aug. 1 prices on Aug. 29.
Looking ahead, the Federal Retirement Thrift Investment Board says it will be closed on Sept. 5 in observance of Labor Day. Transactions that would have been processed that night will be processed the night of Sept. 6 at that day’s closing share prices.
| Thrift Savings Plan — August 2022 Returns | |||
|---|---|---|---|
| Fund | August | Year-to-Date | Last 12 Months |
| G fund | 0.25% | 1.66% | 2.17% |
| F fund | -2.80% | -10.45% | -11.27% |
| C fund | -4.08% | -16.15% | -11.23% |
| S fund | -2.08% | -22.14% | -24.72% |
| I fund | -5.79% | -19.71% | -19.88% |
| L Income | -1.04% | -3.75% | -2.84% |
| L 2025 | -1.83% | -7.52% | -6.31% |
| L 2030 | -2.74% | -11.04% | -9.57% |
| L 2035 | -3.03% | -12.27% | -10.75% |
| L 2040 | -3.30% | -13.44% | -11.86% |
| L 2045 | -3.55% | -14.48% | -12.88% |
| L 2050 | -3.77% | -15.44% | -13.80% |
| L 2055 | -4.36% | -18.00% | -16.10% |
| L 2060 | -4.36% | -18.01% | -16.11% |
| L 2065 | -4.36% | -18.02% | -16.12% |
Copyright © 2024 Federal News Network. All rights reserved. This website is not intended for users located within the European Economic Area.
Robert O'Shaughnessy
Robert O’Shaughnessy is a digital editor of Federal News Network.
Follow @rposhaughnessy
