Most TSP funds continued their upward trend in July

The federal government’s 401(k)-style retirement savings program continued its ascent in July, with nearly all of the Thrift Savings Plan’s portfolios posting gains.

For the second straight month, only the TSP’s fixed income (F) fund lost value last month, falling 0.07%. So far this year, the F Fund has increased by 2.18%.

The small- and mid-size businesses of the S Fund saw the best performance, finishing July 5.91% in the black. Since January, the S Fund has grown 19.30%. And the common stocks of the C Fund gained 3.21%, bringing its 2023 performance up to 20.62%.

The international (I) fund increased 2.82% last month. So far this year, the I Fund has increased by 15.32% in value. And the G Fund, which is made up of government securities, grew by its statutorily mandated rate of 0.34% last month. Since January, the G Fund has increased 2.26%.

Each of the TSP’s lifecycle (L) funds, which shift to more stable investments as participants get closer to retirement, posted gains in July. The L Income Fund, designed for those already making withdrawals, increased 1.09%; L 2025, 1.44%; L 2030, 2.18%; L 2035, 2.36%; L 2040, 2.54%, L 2045, 2.70%; L 2050, 2.86%; L 2055, 3.42%; L 2060, 3.42%; and L 2065, 3.42%.

So far this year, the L Income Fund has grown 6.19%; L 2025, 8.28%; L 2030, 11.98%; L 2035, 12.95%; L 2040, 13.92%; L 2045, 14.75%; L 2050, 15.59%; L 2055, 18.52%; L 2060, 18.52%; and L 2065, 18.52%.