For the second month in a row, performance in all 10 of the Thrift Savings Plan funds posted positive returns, with double-digit gains in many of the funds year-to-date.
The biggest gains came in the following funds: the C Fund (up 2.57 percent), which tracks the performance of the S&P 500; the S Fund (up 2.51 percent), which matches the Dow Jones Completion Index, made up of companies not included in the S&P 500; and the I Fund (up 2.96 percent), which tracks international stocks.
The second month of mostly modest gains in these and the other funds pushed up the year-to-date and 12-month performance for many of the funds.
The C and the S Funds are both up about 16 percent for the year and about 30 percent for the last 12 months.
Returns for the Lifecycle funds, a mix of investment options targeted to an investor’s expected retirement date, were similar to their performance in August. Over the last 12 months, the L 2040 and L 2050 are up significantly.
The G Fund, which invests in government-backed securities, posted returns of 0.10 percent, down slightly from August. The F Fund, which invests in government bonds, posted returns of 0.15 percent, doubling what it did in August.
Francis Rose is the host of In Depth, which airs weekdays from 8-10 a.m. on 1500 AM in the Washington, D.C. metro area and online everywhere. Francis has covered all three branches of the federal government as a broadcast journalist since 1998. He joined Federal News Radio in 2006, and launched In Depth in 2008 as a daily show focused on connecting federal executives to the information they need to do their jobs better.