TSP portfolios rebounded in November

Each of the portfolios in the federal government’s 401(k)-style retirement savings finished November in the black, snapping a three-month streak in which most Thrift Savings Plan funds lost value.

The small- and mid-size businesses of the TSP’s S Fund led the way, gaining 11.19% last month. So far this year, the S Fund has grown by 13.44%. The C Fund’s common stocks increased 9.12% in November, bringing its 2023 gains to 20.76%.

The international (I) fund finished November 8.54% in the black, bringing its performance since January to 12.33%. And the fixed income (F) fund increased 4.51% last month, bringing the portfolio back into the black for 2023 at 1.79%.

The G Fund, which is made up of government securities, grew at its statutorily mandated rate of 0.41%. So far this year, the G Fund has increased 3.82% in value.

Similarly, each of the TSP’s lifecycle (L) funds, which shift toward more conservative investments as participants get closer to retirement, grew last month. The L Income Fund, which is designed for people who have already begun making withdrawals, increased 2.81%; L 2025, 3.67%; L 2030, 5.88%; L 2035, 6.44%; L 2040, 6.97%; L 2045, 7.44%; L 2050, 7.88%; L 2055, 9.14%; L 2060, 9.14%; and L 2065, 9.14%.

So far this year, the L Income Fund has grown 6.99%; L 2025, 8.65%; L 2030, 11.62%; L 2035, 12.36%; L 2040, 13.10%; L 2045, 9.78%; L 2050, 10.12%; L 2055, 11.52%; L 2060, 11.51%; and L 2065, 11.51%.