The C Fund finished last month in the black. jayk7/Getty Images
TSP boasts strong performance in July
Each of the portfolios in the federal government’s 401(k)-style retirement savings program gained value last month.
The federal government’s 401(k)-style retirement savings program announced a strong July in which each of its portfolios gained value.
The Thrift Savings Plan’s S Fund, which is made up of small- and mid-size businesses, sported the best performance, increasing 6.23%. Since January, the S Fund has grown 9.71%. And the international stocks of the I Fund gained 2.86% in July, bringing its 2024 gains to 8.87%.
The common stocks of the C Fund finished last month 1.21% in the black. So far his year, the C Fund has grown 16.67%. And the fixed income (F) fund gained 2.33% in July, bringing its 2024 performance to 1.69%.
The G Fund, which is made up of government securities, increased by its statutorily mandated rate of 0.39%. So far this year, the G Fund has increased 2.61%.
Likewise, each of the TSP’s lifecycle funds, which shift to more conservative investments as participants get closer to retirement, increased in value last month. The L Income Fund, designed for those who have already begun making withdrawals, increased 1.04%; L 2025, 1.16%; L 2030, 1.75%; L 2035, 1.89%; L 2040, 2.02%; L 2045, 2.14%; L 2050, 2.24%; L 2055, 2.46%; L 2060, 2.46%; and L 2065, 2.46%.
So far this year, the L Income Fund has grown 5.21%; L 2025, 6.00%; L 2030, 8.80%; L 2035, 9.39%; L 2040, 9.99%; L 2045, 10.50%: L 2050, 11.02%; L 2055, 12.90%; L 2060, 12.90%; and L 2065, 12.90%.
July also marked the launch of the new L 2070 Fund, which is designed for federal employees born after 2004 or planning to retire in 2068 or later. As it only launched as an investment option last week, monthly and 2024 performance metrics are not yet available.