Nearly All TSP Funds Have Fallen for a Second Straight Month

For a second consecutive month, most of the portfolios in the federal government’s 401(k)-style retirement savings program lost ground in February, mirroring uncertainty across financial markets.

Last month, only the small- and mid-size businesses of the Thrift Savings Plan’s S Fund and the government securities (G) fund increased in value. The S Fund grew by 0.03% in February, bringing its 2022 performance to -10.05%, while the G Fund increased 0.14%, bringing its performance this year up to 0.28%.

The fixed income bonds in the F Fund lost 1.08% in value in February, bringing its performance since January down to -3.15%. And the common stocks of the C Fund fell 2.99%, putting it 8.01% in the red for 2022.

The international (I) fund lost 2.61% last month, bringing its performance for this year down to -6.47%.

All of the TSP’s lifecycle (L) funds, which shift to more stable investments as participants get closer to retirement, lost value last month. The L Income Fund fell 0.51%; L 2025, 1.01%; L 2030, 1.45%; L 2035, 1.61%; L 2040, 1.76%; L 2045, 1.89%; L 2050, 2.01%; L 2055, 2.38%; L 2060, 2.38%; and L 2065, 2.38%.

So far this year, the L Income Fund has lost 1.79%; L 2025, 3.36%; L 2030, 4.73%; L 2035, 5.23%; L 2040, 5.70%; L 2045, 6.12%; L 2050, 6.52%; L 2055, 7.67%; L 2060, 7.67%; and L 2065, 7.67%.