TSP's C fund nosedives in February

The Thrift Savings Plan's C Fund took a nosedive in February, following a welcome increase in January. The fund, which invests in common stock, dropped 9.12 percent last month, the biggest dip the C fund has taken since August 1998, according to the latest statistics from the Federal Retirement Thrift Investment Board. In January, the C Fund gained 3.55 percent. The F Fund (fixed-income bonds) was up 0.87 percent in February, following a gain of 1.65 percent in January, while the G Fund (government securities) gained a steady 0.42 percent. The monthly C, F and G Fund returns reflect net earnings on the changing balances invested during the month. Overall, the C Fund has lost 8.19 percent over the past twelve months (February 2000 to February 2001), the F Fund is up 13.51 percent and the G Fund is up 6.20 percent. For an index of the performance of the C Fund that is updated continuously each business day, see the "TSP Ticker" on the front page of GovExec.com. You can also keep an eye on the soon-to-debut S and I funds, which will track the Wilshire 4500 index and the EAFE index, respectively. Follow daily performance of the two indexes on the "TSP Ticker" on GovExec.com's home page.