Most of the TSP offerings are still up for the year so far. James Marshall / Getty Images
TSP Portfolios Backslide in February
After a strong start to the year, most of the funds in the federal government’s 401(k)-style retirement savings program lost ground.
Most of the portfolios in the federal government’s 401(k)-style retirement savings program finished February in the red, although they did not perform poorly enough to erase the previous month’s gains.
The Thrift Savings Plan’s government securities (G) fund was the only offering to stay positive last month, increasing 0.28%. So far this year, the G Fund has gained 0.62%. The small- and mid-sized businesses in the S Fund lost 1.63%, bringing its 2023 gains down to 9.01%.
The common stocks of the C Fund fell 2.44% in February, reducing its 2023 performance to 3.68% in the black. And the international (I) fund lost 2.84% last month, bringing its gains this year down to 5.36%.
The fixed income bonds in the F Fund finished February 2.58% in the red. So far this year, the F Fund has gained 0.58%.
Likewise, all of the TSP’s lifecycle (L) funds, which shift toward more stable investments as participants get closer to retirement, lost ground last month. The L Income Fund, designed for people who have already begun making withdrawals, lost 0.55%; L 2025, 0.94%; L 2030, 1.54%; L 2035, 1.72%; L 2040, 1.88%; L 2045, 2.03%; L 2050, 2.16%; L 2055, 2.43%; L 2060, 2.44%; and L 2065, 2.44%.
So far this year, the L Income Fund has grown 1.69%; L 2025, 2.31%; L 2030, 3.26%; L 2035, 3.52%; L 2040, 3.78%; L 2045, 4.01%; L 2050, 4.24%; L 2055, 5%; L 2060, 5%; and L 2065, 5%.