TSP Funds Show Modest Gains in July

The federal government’s 401(k)-style retirement savings program continued to deliver mostly positive results for participants in July, with only one of the program’s portfolios ending the month in the red.

The Thrift Savings Plan’s S Fund, which is composed of small- and mid-size businesses, lost 1.24% in July, reducing its gains thus far in 2021 to 14.04%.

The common stocks of the C Fund sported the best performance, gaining 2.37% last month. So far this year, the C Fund has grown 17.98%. And the fixed income (F) Fund increased 1.15% in July, although the fund remains underwater by 0.37% in 2021.

The international (I) Fund gained 0.72% in July, bringing its gains so far this year to 9.77%. And the G Fund, which is composed of government securities, grew by its statutorily mandated 0.13%. So far in 2021, the G Fund has increased 0.77%.

All of the TSP’s lifecycle (L) funds, which shift to more stable investments as participants get closer to retirement, gained value last month. The L Income Fund, designed for people who have already begun making withdrawals, increased 0.47%; L 2025, 0.75%; L 2030, 0.92%; L 2035, 0.99%; L 2040, 1.05%; L 2045, 1.10%; L 2050, 1.15%; L 2055, 1.26%; L 2060, 1.26%; and L 2065, 1.26%.

So far this year, the L Income Fund has grown 3.77%; L 2025, 7.09%; L 2030, 8.91%; L 2035, 9.70%; L 2040, 10.51%; L 2045, 11.19%; L 2050, 11.89%; L 2055, 14.42%; L 2060, 14.42%; and L 2065, 14.42%.