TSP Funds Post Lackluster Performance in June

July 5, 2007 (PLANSPONSOR.com) - Three of the funds in the federal Thrift Savings Plan (TSP) suffered losses in June, with only the government securities (G) fund and the international (I) fund garnering small gains, Govexec.com reported.

The (G) fund was the top performer out of the five fund groups for the month, posting a slight 0.42% increase, but it remains the lowest performing fund for the year, with a 4.90% increase.

The (I) fund – comprised of stocks from Europe, Australia and some countries in Asia – posted a 0.20% return for June, but has proven to be the best performer out of all the funds for the year, with a 27.18% gain, according to Govexec.com.

Of those funds with losses, the (F) fund, comprised of fixed income bonds, had the smallest loss of 0.27% for the month.

The (S) fund, which invests in the stocks of small- and mid-sized American companies, saw a steep fall from its top performing spot in May, losing 1.53% in June. The fund grew 19.47% for the last 12 months. The (C) fund, which tracks Standard & Poor’s 500 Index of stocks in large and medium-sized domestic companies, lost 1.70% (20.63% for the year).

Of the TSP’s lifecycle funds, (L) funds, the (L) Income fund gained a marginal 0.08% for the month.

The other L funds posted losses in June:

  • The L 2040 fund lost 0.92%, with a 19.49% gain for the year;
  • The L 2030 fund lost 0.80%, with a 17.60% gain for the year;  
  • The L 2020 fund lost 0.54%, with a 15.90% gain for the year; and
  • The L 2010 fund lost 0.20%, with a 12.15% gain for the year.