C Fund Posts Worst Year to Date

The Thrift Savings Plan in 2002 posted the worst calendar year since the TSP’s inception 15 years ago, dropping 22.05 percent after a 5.85 percent loss in December. The loss was the third straight losing year for the C fund, which dropped 9.14 percent in 2000 and 11.94 percent in 2001. The other two stock-oriented TSP funds also suffered substantial losses in 2002-the international stock (I) fund was down 15.98 percent after losing 3.27 percent in December and the small and mid-capitalization stock (S) fund was down 18.14 percent after a 4.32 percent loss in December. Meanwhile, the bond (F) fund gained 2.08 percent in December for a 10.27 percent 12-month gain while the government securities (G) fund gained 5 percent for the year after a 0.38 percent December gain.