All TSP funds posted gains in May, continuing a rebound from the steep drop in the stock-based funds in February and March, led by the small company S fund, up 8.79 percent.
The large company stock C fund rose 4.76 percent and the international stock I fund 4.5 percent, while the bond F fund rose 0.46 percent and the government securities G fund 0.06 percent.
The May returns for the lifecycle L funds were: Income, 1.23; 2020, 1.31; 2030, 3.25; 2040, 3.88; 2050, 4.43. For year-to-date, last-12-month returns and TSP insight, visit https://www.fedweek.com/thrift-savings-plan/
Who Has Authority Over the TSP? Rep Challenges Labor Department Order to Halt I Fund Change
A key member of Congress on federal employee issues, Rep. Gerald Connolly, D-Va., has challenged administration’s pressuring of the TSP governing board over a potential change in the international stock I fund to include emerging market countries including China.
TSP Investors Regain Some Lost Ground, a Few Shift Back to C Fund
The stock market rebound in April allowed TSP investors to regain some of the ground they lost in February and March but account values overall remain below their levels as of the start of the year.
TSP Funds Continue Rebound With Early Signs of a Top in Unemployment
Official continued jobless claims peaked at about 25 million on May 9, although by broader measures within the deeper pages of the jobless report, they were as high as 31 million that week. In the most recent reporting period, which was from May 16, there’s a downtick to 21 million official jobless claims. We’ll see in the coming weeks if this was an anomaly, or if the “top” in total job losses really is in.