It’s starting out to be a cruel summer for the Thrift Savings Plan.
After a roaring stock market boosted gains throughout the spring, every TSP fund — with the exception of the ever-reliable government-securities G Fund — finished last month in negative territory, according to new data from the Federal Retirement Thrift Investment Board.
Returns for the I Fund, tracked to international stocks, were down 2.77 percent — the second month in a row the fund posted in the red. The F Fund, tracked to the bond market, also continued a downward trend, falling 1.53 percent in June.
The C Fund — designed to match the performance of the S&P 500 — fell by 1.34 percent, and the S Fund — a mix of small-cap companies not included in the larger index — fell by slightly less than 1 percent.