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Thrift Savings Plan Update

This information reflects Thrift Savings Plan funds performance results through April 30, 2024.

Although the month began with news of stronger-than-expected job gains, concerns about continued elevated inflation remained front and center as observers increasingly questioned when the Federal Reserve might lower its target for short-term interest rates. A late-month report showing unexpectedly weak economic growth sparked additional pessimism among some investors. Longer-term interest rates rose, contributing to a loss for the F Fund. The C and S Funds posted losses. The I Fund also fell, partly thanks to a stronger U.S. dollar. All L Funds finished lower. 

Information provided by the Federal Retirement Thrift Investment Board

TSP Returns for All Funds

April 2024 March 2024 Feb 2024 YTD 1-Year 3-Year* 5-Year* 10-Year*
G Fund 0.35% 0.38% 0.33% 1.41% 4.36% 3.20% 2.46% 2.38%
F Fund -2.47% 0.87% -1.41% -3.20% -1.50% -3.42% -0.08% 1.39%
C Fund -4.08% 3.22% 5.34% 6.03% 22.62% 8.04% 13.15% 12.40%
S Fund -6.46% 3.33% 6.03% 0.01% 21.03% -2.57% 7.83% 8.62%
I Fund -3.17% 3.36% 2.74% 2.60% 8.69% 2.96% 6.37% 4.66%
L Income -0.95% 1.15% 1.29% 1.85% 7.34% 3.60% 4.35% 4.07%
L 2025 -1.27% 1.39% 1.63% 2.12% 8.68% 3.54% N.A. N.A.
L 2030 -2.48% 2.16% 2.74% 2.76% 11.90% 4.18% 7.28% 6.88%
L 2035 -2.76% 2.33% 2.96% 2.87% 12.60% 4.19% N.A. N.A.
L 2040 -3.03% 2.50% 3.20% 2.99% 13.34% 4.22% 8.08% 7.61%
L 2045 -3.27% 2.65% 3.41% 3.09% 13.96% 4.20% N.A. N.A.
L 2050 -3.49% 2.79% 3.62% 3.22% 14.62% 4.23% 8.75% 8.21%
L 2055 -4.06% 3.26% 4.48% 3.98% 17.34% 4.80% N.A. N.A.
L 2060 -4.06% 3.26% 4.48% 3.98% 17.34% 4.80% N.A. N.A.
L 2065 -4.06% 3.26% 4.48% 3.97% 17.33% 4.79% N.A. N.A.

* Returns are annualized

Source: TSP

Returns are net of the effect of accrued administrative expenses and investment expenses/costs.

G Fund: Government securities (specially issued to the TSP)
F Fund: Government, corporate and mortgage-backed bonds
C Fund: Stocks of large- and medium-size U.S. companies
S Fund: Stocks of small- to medium-size U.S. companies (not included in the C Fund)
I Fund: International stocks of 21 developed countries
L Fund: (Lifecycle) Invested in the G, F, C, S and I Funds (The proportion of L Fund balance invested in each of the individual TSP funds depends on the L Fund chosen.)