![The Thrift Savings Plan’s C Fund was the top performer in March.](https://cdn.govexec.com/media/img/cd/2023/04/03/04032023TSPMarch/860x394.jpg?1680543125)
The Thrift Savings Plan’s C Fund was the top performer in March. SchulteProductions/Getty Images
Most TSP Funds Recover From February Slump
Only one of the portfolios in the federal government’s 401(k)-style retirement savings program ended March in the red.
Most of the funds in the federal government’s 401(k)-style retirement savings program posted gains in March, rebounding from a difficult previous month.
The common stocks of the Thrift Savings Plan’s C Fund were the top performer, growing 3.67% last month. So far this year, the C Fund has increased 7.49%. The international (I) fund gained 3.11% in March, bringing its 2023 gains up to 8.63%.
The fixed income (F) fund increased 2.55% in March, bringing its performance so far this year to 3.14%. And the government securities of the G Fund, which grows at a statutorily mandated rate, gained 0.35% last month. So far this year, the G Fund increased 0.97%.
The small- and mid-size businesses of the S Fund were the only TSP assets to lose value last month, falling 2.90%. So far this year, the S Fund has increased 5.85%.
All of the TSP’s lifecycle (L) funds, which shift to more stable investments as participants get closer to retirement, posted gains in March. The L Income Fund, designed for people who have already begun making withdrawals, gained 1.05%; L 2025, 1.38%; L 2030, 1.87%; L 2035, 2.01%; L 2040, 2.14%; L 2045, 2.24%; L 2050, 2.34%; L 2055, 2.54%; L 2060, 2.55%; and L 2065, 2.55%.
So far this year, the L Income Fund has increased 2.76%; L 2025, 3.72%; L 2030, 5.19%; L 2035, 5.60%; L 2040, 6.00%; L 2045, 6.34%; L 2050, 6.67%; L 2055, 7.67%; L 2060, 7.67%; and L 2065, 7.68%.
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