Thrift Savings Plan figures, which stalled in April, appear to be continuing on a downward trend across the board, with eight of the 10 funds finishing in the red last month, according to monthly returns.
In May, L Income joined L 2020, L 2030, L 2040, L2050, C Fund, S Fund and I Fund in the red, with only the G Fund and the F Fund staying in the black.
Although those two funds did not fall into the red, they were down from the previous month, with the G Fund dropping from 0.15 percent in April to 0.14 percent in May and the F Fund going from 1.12 percent to 0.91 percent.
The I Fund fell the furthest, finishing April in the red at -1.87 percent and dropping to -11.40 percent by the end of May. This brought its year-to-date figure to -3.57 percent and its 12-month performance at -20.16 percent.
Despite the downward trend, all of the funds, except for the I Fund, have posted positive numbers in the year-to-date category, with the S Fund and the C Fund leading the pack with 5.78 percent and 5.23 percent, respectively.
Tom Temin is the host of The Federal Drive, which airs from 6-8 a.m. on 1500 AM in the Washington, D.C. region and online everywhere. Tom has 30 years experience in journalism, mostly in technology markets. Before coming to Federal News Radio, he was a long-serving editor-in-chief of Government Computer News and Washington Technology magazines.