For only the second time this year, all of the funds in the Thrift Savings Plan finished the month in positive territory, according to new data from the Federal Retirement Thrift Investment Board. It was the strongest month for the TSP — and Wall Street — since February
The C Fund, tracked to the performance of the Standard & Poor’s 500, finished May with the largest gains — up 2.35 percent. The S&P 500 finished May at an all-time high.
The I Fund, tracked to the performance of an index of international stocks, finished the month with a gain of 1.72 percent, and the small-cap S Fund inched up 1.52 percent, ending a two-month losing streak.
So far for the year, the F Fund, indexed to a mix of corporate and government bonds, as well as the C and I Funds are all up more than 4 percent. Over the past 12 months, the stock funds have experienced the largest growth. The C and the S Funds are up more than 20 percent and the I Fund gained more than 19 percent.
The TSP’s gains in May are a reflection of the month on Wall Street.
“This market may have been choppy earlier in the year, but the trend is higher,” Karyn Cavanaugh, a market strategist with Voya Investment Management, told the Associated Press.