The S Fund, tracking small-cap stocks led all TSP funds in June, returning 3.46% partly reflecting a rotation into value stocks, followed by the C Fund, which mirrors the large cap S&P index and posting 2.33% in gains. At the halfway point on the year those funds are up a solid 15.47% and 15.24% respectively.
The I Fund pulled back -1.44% in June after having gained 3.61% in May – though it’s still up 8.99% on the year.
The L Funds edged up overall from 0.64% in the 2025 Fund through 1.17% for the 2065 Fund – up 6.29% and 13% for the year.
Review of TSP Investment Policies to Include “Climate-related financial risk”
President Biden has ordered an assessment of how the TSP “has taken environmental, social, and governance factors, including climate-related financial risk, into account” in its investment fund offerings, as part of an executive order on the government’s potential financial liabilities arising from climate change.
What it Takes to Be a TSP Millionaire in Today’s Dollars
With a long enough timeline, involving consistent large contributions and decent long-term stock returns during the period, it’s possible to become a millionaire from compounding a middle-class or upper middle-class income, including most jobs in federal service.