Most TSP Funds Continue Upward Trend in May

Nearly all of the portfolios in the federal government’s 401(k)-style retirement savings program continued their positive results in May, with only one fund finishing in the red.

The small- and mid-size businesses of the S Fund were the only Thrift Savings Plan offerings to lose ground last month, falling 0.66%. Despite the setback, the S Fund still has grown 11.60% in 2021.

The international (I) fund touted the best performance in May, gaining 3.61%. So far this year, the I Fund has gained 10.58%. The common stocks of the C Fund increased 0.69% last month, bringing its 2021 gains to 12.61%.

The fixed income bonds (F) fund grew 0.34% last month, but the fund’s performance remains 2.22% in the red this year. And the government securities (G) fund increased by 0.13% last month. So far in 2021, the G Fund has grown 0.53%.

Each of the TSP’s lifecycle (L) funds, which shift to more stable investments as participants get closer to retirement, also sported increases last month. The L Income Fund, designed for those who have already begun making withdrawals, increased 0.47%; L 2025, 0.81%; L 2030, 1.00%: L 2035, 1.08%; L 2040, 1.16%; L 2045, 1.22%; L 2050, 1.28%; L 2055, 1.50%; L 2060, 1.50%; and L 2065, 1.50%.

So far in 2021, the L Income Fund has increased 2.88%; L 2025, 5.61%; L 2030, 7.07%; L 2035, 7.71%; L 2040, 8.36%; L 2045, 8.91%; L 2050, 9.49%; L 2055, 11.70%; L 2060, 11.70%; and L 2065, 11.69%.