TSP Funds Grow for Second Month in a Row
All of the offerings in the federal retirement plan gained ground in April.
The retirement funds in the federal employee Thrift Savings Plan all ended April in the black, following a solid performance in March as well.
The international stocks in the I Fund grew the most for April, gaining 1.89 percent. The I Fund was still slightly in the red for the year to date, however, with losses of 0.39 percent since January.
The S Fund, invested in the stocks of small and midsize companies, great 1.73 percent in April and was up 1.02 percent for 2016.
Common stocks in the C Fund had the most modest growth of the stock-based options last month, gaining 0.39 percent in April. They were up 1.77 percent for the year to date, though.
The fixed income bonds in the F Fund earned 0.41 percent in March and 3.55 percent for 2016, and the government securities (G) fund gained 0.14 percent for April and 0.63 percent for the year to date.
The lifecycle funds, which move investors to less risky portfolios as they near retirement, all gained ground in April as well. L Income, for participants who have already started withdrawing money, was up 0.34 percent. L 2020 was up 0.58 percent; L 2030, 0.75 percent; L 2040, 0.85 percent; and L 2050, 0.95 percent.
The L Funds were up for the year to date too, with L Income increasing 0.96 percent; L 2020, 1.05 percent; L 2030, 1.14 percent; L 2040, 1.15 percent; and L 2050, 1.10 percent.