All TSP portfolios posted modest gains in August

The value of every federal 401(k)-style retirement savings and savings plan portfolio rose for the second straight month in August.

International Fund (I) Thrift Savings Plan was the best performer among the program’s five main offerings, ending last month up 3.15%. Fund I is up 12.30% this year.

The C Fund’s common stocks gained 2.42% in August, putting their 2024 total at 19.50%. The S Fund’s small- and mid-cap stocks gained 0.25% last month. The S Fund is up 9.99% since January.

The Fixed Income Fund (F) also continued to rise, gaining 1.43% in August. The F Fund is up 3.14% this year. And the G Fund’s government securities rose by a statutory rate of 0.35% last month. The G Fund is up 2.97% in 2024.

Each of the TSP Lifecycle funds, which shift toward more conservative investments as participants approach retirement, similarly posted gains last month. The L Income fund, which is for people who have already started taking withdrawals, was up 0.98%; L 2025, 1.10%; L 2030, 1.69%; L 2035, 1.82%; L 2040, 1.93%; L 2045, 2.04%; L 2050, 2.13%; L 2055, 2.38%; L 2060, 2.38%; L 2065, 2.38; and L 2070, 2.39%.

This year, the L income fund is up 6.25%; L 2025, 7.16%; L 2030, 10.64%; L 2035, 11.38%; L 2040, 12.12%; L 2045, 12.75%; L 2050, 13.38%; L 2055, 15.58%; L 2060, 15.59%; and L 2065, 15.59%.

Annual data for the L 2070 Fund are not yet available as it was only launched in July.