The Federal Retirement Thrift Investment Board has reported that in July, the Thrift Saving's Plan's C Fund--which invests in common stocks--was down 1.1 percent, following a 4 percent rise in June.
The F Fund (fixed-income bonds) dropped from a rise of 0.85 percent in June to 0.21 percent in July. The G Fund (government securities) stayed relatively stable with a return rate of 0.49 percent, up slightly from June's return of 0.48 percent.
The monthly C, F and G Fund returns reflect net earnings on the changing balances invested during the month.
Over the past year, the C Fund is up 19 percent, the F Fund 7.8 percent and the G Fund 6 percent.
From Nov. 15 until Jan. 31, 1999, federal employees will have the opportunity to start contributing to a TSP account or to change account contribution levels. Participants can also change the way future payroll contributions are invested in the three TSP funds during the open season. The previous open season ended July 31.
For more TSP information, see GovExec.com's Thrift Savings Plan update.
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