A new target date 2070 lifecycle fund is to be launched in July. Image: Andrei Metelev/Shutterstock.com
By: FEDweek StaffAll TSP funds posted gains in May, led by the large company stock C fund, up 4.96 percent, with the international stock I fund just behind at 4.86 percent while the small company stock S fund rose 3.36 percent.
Year-to-date, those funds are up by 11.29, 7.59 and 3.38 percent, respectively.
The bond F fund gained 1.69 percent in May but still is down 1.56 percent year-to-date, while the always gaining government securities G fund rose 0.41 percent last month for a 1.82 percent gain on the year.
The May returns for the lifecycle L funds were: Income, 1.58; 2025, 1.89; 2030, 3.07; 2035, 3.33; 2040, 3.58; 2045, 3.8; 2050, 4.02; 2055, 2060, 2065, 4.67. Those funds are up from 3.46 to 8.84 percent on the year.
After an outside review ordered by the TSP of its lifecycle L funds, no changes are planned in the makeup of the funds, according to a presentation at the most recent meeting of the TSP board.
Also, a new target date 2070 lifecycle fund is to be launched in July, while next year the current the 2025 fund will be merged with the Income fund, with a 2075 fund then beginning, according to a presentation at the most recent TSP board meeting.
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