Most Funds in TSP Post Continued Growth in June

Most of the portfolios in the federal government’s 401(k)-style retirement savings program continued their run of positive performance in June, with only one fund losing ground.

The small- and mid-size businesses of the Thrift Savings Plan’s S Fund posted the biggest gains, increasing 3.46% last month. So far this year, the S Fund has grown 15.47%. The common stocks of the C Fund increased 2.33% in June, bringing its 2021 total to 15.24%.

The fixed income bonds in the F Fund increased 0.74% in June, reducing its 2021 losses to 1.49%. The government securities (G) fund increased 0.12%. So far this year, the G Fund is up 0.65%.

The international (I) fund was the only offering to end the month in the red, losing 1.44%. In 2021, the I Fund has grown 8.99%.

All of the TSP’s lifecycle (L) funds, which shift to more stable investments as participants get closer to retirement, posted modest gains last month. The L Income Fund, which is designed for people who have already begun making withdrawals, increased 0.39%; L 2025, 0.64%; L 2030, 0.79%; L 2035, 0.86%; L 2040, 0.92%; L 2045, 0.98%; L 2050, 1.03%; L 2055, 1.17%; L 2060, 1.17%; and L 2065, 1.17%.

So far this year, the L Income Fund has grown 3.28%; L 2025, 6.29%; L 2030, 7.91%; L 2035, 8.63%; L 2040, 9.36%; L 2045, 9.98%; L 2050, 10.62%; L 2055, 13.0%; L 2060, 13.0%; and L 2065, 13.0%.