TSP Funds Mixed in October, L Income Dips but Remains Up for the Year
The Thrift Savings Plan (TSP) experienced a mixed October, with some funds growing while others lost value. The L Income Fund, which has shown steady growth since January, dipped slightly last month. Meanwhile, the C Fund, despite a monthly loss, remains up for the year.
The Lifecycle (L) Funds, which automatically adjust their asset allocations based on retirement dates, have performed well overall. The L Income Fund, for instance, has grown 6.48% since January. However, all L funds lost value in October, with the L Income Fund dropping by 0.50%.
The C Fund, which focuses on common stocks, saw a 0.91% decrease last month but has increased by 20.93% since January. The I Fund, invested in international stocks, fell 5.17% in October, reducing its year-to-date gains to 7.31%.
The G Fund, a fixed-income fund, grew 0.33% in October, bringing its 2024 return to 3.65%. The F Fund, invested in fixed-income bonds, finished October 2.48% in the red but has grown 1.93% since January. The S Fund, invested in small- and mid-cap stocks, gained 0.59% last month and has grown 12.35% so far this year.
The L 2070 fund, which launched in July, will not have year-to-date statistics until January.
In summary, while most TSP funds experienced losses in October, the L Income Fund's growth since January highlights the benefits of the Lifecycle Funds' risk management strategy. Despite the recent dip, the C Fund's strong performance this year demonstrates the potential of the TSP's diversified investment options.
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