TSP Tees off New Year, Needs Mulligan

The three stock-oriented TSP funds suffered substantial drops in January, dragging the lifecycle L funds down with them, while the bond F fund led in returns with a 1.58 percent gain and the government securities G fund rose 0.21 percent. The international stock I fund fell 4.03 percent, the large company U.S. stock C fund dropped 3.45 percent and the small company stock S fund fell 1.91 percent. The losses for the L funds were: income, -0.42 percent; 2020, -1.57; 2030, -2.04; 2040, -2.35; 2050, -2.71. For last-12-month returns, go to www.fedweek.com.