Nearly every TSP fund rebounded in November

Following an October in which most of its funds lost value, nearly every portfolio in the federal government’s 401(k)-style retirement savings program rebounded to post gains in November.

Only the Thrift Savings Plan’s I Fund, which is made up of international investments, faltered last month, losing 0.01% in value. So far this year, the I Fund has grown 7.30%.

Leading the way among the TSP’s core investments was the small- and mid-size businesses of the S Fund, which gained 11.97% in November. Since January, the S Fund has increased 25.80% in value. And the C Fund’s common stocks improved 5.87% last month, bringing its 2024 returns to 28.02%.

The fixed income (F) fund finished November 1.14% in the black, increasing its 2024 gains to 3.09%. And the G Fund, which is made up of government securities, increased at its statutorily mandated rate of 0.36% last month, bringing its gains to 4.03% on the year.

Likewise, each of the TSP’s lifecycle (L) funds, which shift to more conservative investments as participants get closer to retirement, finished November in the black. The L Income Fund, designed for people who have already begun making withdrawals, increased 1.51%; L 2025, 1.66%; L 2030, 2.94%; L 2035, 3.19%; L 2040, 3.45%; L 2045, 3.66%; L 2050, 3.88%; L 2055, 4.56%; L 2060, 4.56%; L 2065, 4.56%; and L 2070, 4.54%.

So far this year, the L Income Fund has grown 8.09%; L 2030, 13.63%; L 2035, 14.57%; L 2040, 15.51%; L 2045, 16.32%; L 2050, 17.14%; L 2055, 20.05%; L 2060, 20.05%; and L 2065, 20.05%. Year-to-date figures are not yet available for the L 2070 Fund, as it was launched last July.