It was established by Congress in the Federal Employees' Retirement System Act of 1986 and offers the same types of savings and tax benefits that many private corporations offer their employees under 401(k) plans. The TSP F Fund is a U.S. bond index fund. TSP Performance for September: Worst Nine Months for Stocks Since 2002, How is the Annual Federal Employee Pay Raise Determined? TSP core record keeping functionality is running, and transactions are being processed at record-breaking rates. The goal for participant satisfaction is a satisfaction rate of 90%. We will find out in January 2024 if 2023 was one of those years in which the relatively small I Fund does better than the others in the TSP portfolio. The companies in the index represent 123 industries classified into the 11 major sector groups shown in the chart. As TSP investors who pay attention are aware, stocks have already fallen dramatically. The federal government's Thrift Savings Plan is a federally defined contribution retirement account similar to a civilian 401(k). It may be an inherent bias is reflected in the headlines. This average is for the Asian racial category. Currently, there are about 6.2 million TSP account holders. At the end of January 2022, I wrote this summary about the TSP fund performance at that time: With the exception of the G Fund, TSP returns were negative for every fund. The TSP is focused on continuous evaluation and introducing new innovations to improve participant outcomes and the overall participant experience. One TSP management advisor sees a growth recession ahead. Aggregate Bond Index). Should federal employees who were fired or resigned over the vaccine mandate be allowed to return to their jobs? The Office of Personnel Management (OPM) keeps official statistics on this issue. In TSP Talk you will get information on each of the TSP funds including market analysis, TSP fund returns, and recommended TSP fund allocations. Blog Home; TSP Talk; Weekly Wrap Up; Intrepid Timer; Premium Services . It invests about 30 percent in . (Non-Starters For A Claiming Price Of $40,000 Or . Will China invade Taiwan? In January 2022, the C Fund lost 5.18%, the S Fund was down 10.07% and the I Fund was down 3.96%. State Street Global Advisors: View of the Market. No one can predict what will happen. The best app for tracking the TSP funds and your account performance. The C Fund's investment objective is to match the performance of the Standard and Poor's 500 (S&P 500) Index, a broad market index made up of stocks of 500 large to medium-sized U.S. companies. In fact, the rate of inflation reverted back to what it was five months earlier. The firm owned 154,397 shares of the company's stock after selling 31,200 shares during the period. The indexes we use do not account for fund expenses, so earlier returns for both the benchmark portfolio and TSP Folio strategy will be slightly higher. Their forecast for growth is that the United States will have a growth rate of 0.4% in 2023 and that the world growth in gross domestic product (GDP) will be 2.3%. State Street sees the United States and Europe to be in a Growth Recession with more downside risks. free TSP Fund price and performance updates via email. Fund Last . Here is an update on 2022 TSP fund performance and how TSP website problems have been rectified. The chart below shows the returns of the C Fund over the last 34 years as well as the average annual return of around 12%. That brings the fund's 2022 performance up to -20.48%. The majority of interest from our users has been with respect to the TSP rate data (daily, monthly and annual) we provide on the site as well as our weekly TSP returns . C Fund 6 Month Daily : 10 DMA, 50 DMA, 200 DMA. The impact of this 1 day delay is already incorporated into these performance statistics. TSP Thrift Savings Plan Talk - TSP Talk provides TSP fund allocation information and help for government employees and military personnel participating in the TSP (Thrift Savings Plan) program. Note: You can click the small square in the upper right hand area of the chart to expand view. Its right next to the down arrow. Summary: The TSP L 2025 Fund is a "fund of funds" invested in the TSP G, F, C, S, and I Funds. The percentage of Whites in the federal workforce is also lower over the last three years (-1.92%) while other racial groups are higher. 2023 Ralph R. Smith. While 2022 was not profitable for investors, it has been worse. In most cases, you can only roll over funds when you change jobs . We are outperforming the buy-and-hold strategy by +6.31%, nearly doubling its overall performance. Due to rounding, numbers may not add up to exactly 100%. If you want to do more thorough analysis, then go to Koyfin.com and set up a free user account to customize your charts to your hearts content. The I Fund is in second place with a return of 5.36% and the C Fund shows a return of 3.68%. In 2017, for example, the I Fund had a return of 25.42%doing better than any of the other TSP stock funds. Completion Total Market Index.Note the index (blue) almost perfectly overlaps the TSP S Fund (green). While the returns on the last day of January went up, for the month, the S&P 500 index experienced its worst monthsince March 2020. The Federal Retirement Thrift Investment Board or the Thrift Savings Plan, and any service being offered is not sanctioned by . The number of TSP millionaires continues to drop in the midst of the highest inflation rates in 40 years. In other words, stocks for companies outside of the United States may do better than American companies. Point72 Asset Management L.P. lowered its position in TuSimple Holdings Inc. (NASDAQ:TSP - Get Rating) by 16.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The C Fund's November performance was up 5.58%the 2nd best performance among the TSP core funds in November. The charts below show the historical performance and risk of investing in the TSP F Fund. Nearly all of the portfolios in the federal government's 401 (k)-style retirement savings program shook off a shaky November to end 2021 on a high note. TSP performance is down in February 2023 but still up for the year-to-date. On October 1, 2020, the automatic enrollment percentage was increased to 5% of pay for all Federal Employees Retirement System (FERS), Civil Service Retirement System (CSRS), and Blended Retirement System (BRS) participants who are automatically enrolled in the TSP on or after October 1, 2020. Follow Ralph on Twitter: @RalphSmith47. Overall Returns (2005-2022): Our TSP Allocation Service is averaging a profit of +12.73% per year. The same was done for all other TSP funds and their underlying index. The TSP Folio strategy was made available to subscribers on 8/30/2010. All rights reserved. - Personal Investment Performance (PIP) computation. TSP Account Number. Over the past two years, we have read inflation is transitory, declining, improving, cooling, easing, abating, and actually slowing down. 2023 Ralph R. Smith. No doubt, for those TSP investors that use the website and the TSP call center regularly, they are hoping some of these lingering problems have been resolved or will be in the near future. . Focus on active risk management and capital preservation. All rights reserved. For Maidens, Three Years Old Foaled In New York State And Approved By The New York State-Bred Registry. Explore the new TSP experience redesigned to help you manage your retirement savings with new features and tools, flexible access to My Account, additional options for support from TSP representatives, and more transactions you can complete smoothly and securely online. Steps have been taken to make significant improvements in the call center, resulting in improved participant satisfaction. Will 2023 provide a similar return for investors? The statistics for the call center have improved. As 2022 progressed, the total TSP fund returns have ended up in negative territory for all of the TSP stock funds. Subscribe to our free email list to get our news updates in your inbox. As a result, this Fund is now down -12.32% for the year. In that same month, the S Fund went down 21.40% and the I Fund was down 13.87%. Fluctuating input costs and volatile grain and oilseed markets continue to add uncertainty to farm business profitability. We recommend that you use these charts for quick reference. 2023 FedSmith Inc. All rights reserved. *Note: TSP share prices are updated by approximately 8 pm EST each evening; however, heavy trading days or technical issues sometimes delay the posting of share prices until later . From 2011 to 2017, the TSP C fund outperformed the S fund. Volatile funds or portfolios have a high standard deviation. - Capability to track TSP transactions without giving away your TSP login credentials. $0.010/$1,000 account balance 0.001% (0.1 basis points). Ralph Smith has several decades of experience working with federal human resources issues. The S Fund still has the most dismal performance among the core funds for the year as it is down -20.63%. L 2050 Fund. The Thrift Savings Plan (TSP) is a retirement savings and investment plan for Federal employees and members of the uniformed services, including the Ready Reserve. Lets take a look at these in greater detail: Although there are several types of risks associated with the F Fund, the overall risk is relatively low, because the F Fund holds a very diversified portfolio of high grade (investment grade) bonds. Sometimes, the real news is not reflected in headlines. Please allow a few minutes for this process to complete. The F Fund provides broad exposure to U.S. investment grade bonds. QQQ, or the Invesco QQQ Trust, is an exchange-traded fund that trades on the Nasdaq under the symbol QQQ. The Accenture representative noted they anticipate the number will again reach prior level of 4.1 million accounts in June or July 2023. In other words, inflation is still with us, the Federal Reserve is likely to continue its policy on rate increases, and this may have an impact on stock prices. The latest TSP share price data is provided to you everyday! As one would expect, no recommendations are made for specific TSP Funds in coming months. may not be reproduced without express written consent from Ralph R. Smith. Daily TSP Performance. The presentation focused more on the global economy and growth rates. The much better news is that stocks have always gone back up without regard to hopes and expectations as to when that will occur. So, the good news is that it could have been worse (and has been worse in earlier decades). Point72 [] Follow Ralph on Twitter: @RalphSmith47. The TSP L 2025 Fund is one of the TSP Lifecycle Funds, designed for investors who plan to withdraw their money beginning 2021 through 2027. This fund is the second largest ETF in the world and gives a good overall picture of the market. Please note that all information on this page is related solely to the TSP Portfolio Tracker application that was previously hosted here onTSPDataCenter.com. Federal employees and members of the military participate in the federal government's defined-contribution plan, known as the Thrift Savings Plan (TSP). A new rule from the Department of Labor requires considering climate change when investing retirement assets. With the exception of the G Fund, all of the TSP Funds had a negative return in February. These are 10 mistakes that federal employees would be wise to avoid when planning for retirement. How is this changing the composition of the federal workforce? The strongest growth rate is projected to be for China (5%) which is emerging from a massive lockdown due to Covid. Then, in a surprise to many investors, prices rebounded and stocks had a great yearrewarding those who bought stocks during the downturn or held on to their stocks for the duration. Summary: The TSP L 2030 Fund is a "fund of funds" invested in the TSP G, F, C, S, and I Funds. It is more beneficial to review how these TSP Funds have performed over a longer term, including the downturns of 2008 and 2022. Many bond investors consider these funds to be their core bond holding (since they invest in all segments and maturities of the fixed income market). . From the end of September 2018 through the end of September 2022, all of the categories in the chart had an increase in average federal pay. These funds are a mix of the five core TSP funds (G, F, C, S, and I). Well help you understand each fundtheir risks, rewards, and performance. Aggregate Bond Index, a broad index representing the U.S. bond market. The FRTIBs Executive Director currently allocates the selection, purchase, investment, and management of assets contained in the C Fund to BlackRock Institutional Trust Company, N.A., and State Street Global Advisors Trust Company. 12,927 average number of calls answered on a daily basis, 11 minutes, 34 seconds is the duration of most calls, 89.2% call center participant satisfaction, 79.6% of calls are answered in less than 20 seconds, Addressing issues with minimum installment payment amounts and withholdings discrepancies using the self-service features, Enhancing online self-service features for installments, withdrawals and loans, Online statements from 2021 and 2022 will be available in mid-March, The ability of website users to change their pin will be made easier, Adding more comprehensive year-end reporting features, Easier access to seeing where an investors money is invested, Improving ThriftLine representatives access to additional information to respond to investor queries, Improving the Virtual Agents ability to provide status updates and to guide participants through completing personalized actions. At the end of September, the C Fund was down significantly. Looking at the February 2023 returns seems familiar and feels like a return to the inflation-influenced days of 2022. While this category had the largest percentage increase of any other over a five-year period, this category had the lowest average salary ($85,498) among the average groups at the end of September 2022. Please enter your name and email address below: Send me TSP fund updates: Weekly Daily. L 2055 Fund. Subscribe to our free email list to get our news updates in your inbox. Bond investors (including investors in the F Fund) are subject to several types of risk, including inflation risk, interest-rate increases, and a potential default by the issuer of one or more of the bonds in the portfolio. When comparing investments, a low standard deviation is preferable. Some funds tracking the Bloomberg Aggregate index sample the index and hold fewer bonds, but all important risk factors and other characteristics should track the index closely. This page is NOT optimized for mobile devices. The S Fund still has the most dismal performance among the core funds for the year as it is down -20.63%. Here is a brief summary of where improvements have been made in recent weeks. That was still better than the S Fund at that time (down 29.85%) and the I Fund (down 27.25%). This increase puts the Dow index back into a bull marketan increase of 20% or more from a recent low. What happened after the last significant yearly loss? We use the TSP G Fund returns as our risk-free investment. The C Fund holds all the stocks included in the S&P 500 Index in virtually the same weights that they have in the index. They are designed designed to let you invest your entire portfolio in a single L Fund and get the best expected return for the amount of expected risk that is appropriate for you. The C Fund can also be useful in a portfolio that contains bonds. It is worth noting the observations of these experts as their knowledge and analysis may be significant on how stocks perform in coming months. State Street is an investment management firm that works with the Federal Retirement Thrift Investment Board (FRTIB). The first TSP fund became available to investors in April 1987, and others followed in 1988 and 2001. This column does not address that issue. TSP.gov has published monthly fund returns since inception, and daily fund price history since 2003. And yet we turn around and observe actually that everything has gone up widely in price. Neither TSPDataCenter.com nor any of its partners or representatives is in any way affiliated with the United States Government, the Federal Retirement Thrift Investment Board or the Thrift Savings Plan, and that the service being offered is not sanctioned by the United States Government, the Federal Retirement Thrift Investment Board or the Thrift Savings Plan. At the end of the year, the C Fund was down -18.13%, the S Fund was down -26.26%, and the I Fund ended down -13.94%. Despite the increased events with the end of year activity, February performance has been good. Less investment risk. Will inflation get under control? Strategy performance is tracked and verified by, The benchmark portfolio is an allocation to 40% stocks and 60% bonds, invested in TSP funds as follows: 20% C Fund, 20% I Fund, and 60% F Fund. Performance results before this date represent a hypothetical strategy backtest. Sign up for free TSP Fund price and performance updates via email. This is the only category that was lower than the overall average. The fund uses a "passive management" (indexing) investment approach, designed to match the performance of the Bloomberg U.S. 2023 FedSmith Inc. All rights reserved. The TSP F Fund is a U.S. bond index fund. A topic that has captured considerable interest among FedSmith readers in the past few months among Thrift Savings Plan (TSP) investors is the status and performance of the new TSP website. All of the data are from OPM. The White House Office of Management and Budget has given federal agencies 30 days to get TikTok off of government issued devices used by federal employees. Inflation is a political football. TSP.gov has published monthly fund returns since inception, and daily fund price history since 2003. Terms of Use | That perspective will be of interest to TSP investors, especially as the company manages billions of dollars on behalf of the TSP. The TSP 2023 Withdrawal Issues. The S&P 500 Index is an index of 500 large to medium-sized U.S. companies that are traded in the U.S. stock markets. Less investment risk. We will only use your information to . Also send me occasional emails about TSP Folio's approach to investing in the TSP (our newsletter). As 2022 progressed, the total TSP fund returns have ended up in negative territory for all of the TSP stock funds. State Street is an investment management firm that works with the Federal Retirement Thrift Investment Board (FRTIB). TSP performance through the end of October 2022, the year to date and the past 12 months is listed below. L 2040 Fund. TSP Share Prices . It manages a significant percentage of the S, F, and I Funds in the TSP. A good investment strategy aims to minimize drawdowns. Some TSP investors have done much better as they have continuously invested over time and a higher percentage of their investments were added after 2008. January 2022 was not as bad as March 2020. With that in mind, we are unable to provide support with respect to issues with the charts below. Measuring the quality of overall government services is difficult to quantify and data are not readily available. The G Fund, which is made up of government securities, was the only TSP fund to finish June in the black, gaining 0.29% last month. Teleworking and hybrid options have played a critical role in this, as when compared with non-teleworkers, teleworkers show consistently higher scores on performance management indicators. TSP investor returns for the stock funds are still in negative territory so far in 2022 and for the past 12 months. Here are some of the highlights of participant transactions: At the end of the year, there are always more queries and interactions with the TSP Call Center. When you visit the TSP website, we may place pieces of code, commonly referred to as "cookies," or similar technology on your device. TSP Talk - . If you have questions about your TSP account, you must contact the TSP for assistance. This will let you see the candle sticks better sometimes. Phone service is not going to go away. Hispanic federal employees were a very close second with a salary increase of 12.65%. The index was designed by Standard & Poors Corporation (S&P) to provide a representative measure of U.S. stock markets performance. It was established by Congress in the Federal Employees' Retirement System Act of 1986 and offers the same types of savings and tax benefits that many private corporations . In 2008, here were the yearly returns for the TSPs stock funds and how these same funds performed in 2009 after the debacle of 2008: There have always been ups and downs in the stock market. The first TSP fund became available to investors in April 1987, and others followed in 1988 and 2001. Should federal employees who were fired or resigned over the vaccine mandate be allowed to return to their jobs? What Went Wrong With the TSP Website Migration? The initial performance of the new website was, according to many readers, disappointing at best. The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely. In short, while the TSPs I Fund (international companies) is one of the smallest TSP Funds, there are years in which this Fund does better than those funds focusing on American companies. The Thrift Savings Plan (TSP) is a retirement savings and investment plan for federal employees and members of the military. If you have questions about your TSP account, you must contact the TSP for assistance. As a result, stocks are still down for the year for all TSP Funds except for the G Fund which has a positive 2022 return of 2.77% for the year. (function($){window.fnames=new Array();window.ftypes=new Array();fnames[0]='EMAIL';ftypes[0]='email';fnames[1]='FNAME';ftypes[1]='text';fnames[2]='LNAME';ftypes[2]='text';fnames[3]='ADDRESS';ftypes[3]='address';fnames[4]='PHONE';ftypes[4]='phone';fnames[5]='BIRTHDAY';ftypes[5]='birthday';fnames[6]='FSOURCE';ftypes[6]='text';}(jQuery));var $mcj=jQuery.noConflict(true);if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[160,600],'tspdatacenter_com-banner-2','ezslot_0',114,'0','0'])};__ez_fad_position('div-gpt-ad-tspdatacenter_com-banner-2-0');report this ad. More TSP fund performance data are available at TSPDataCenter.com. The TSP Portfolio Tracker application was discontinued on December 31, 2020 and is no longer in service. $0.590/$1,000 account balance 0.059% (5.9 basis points), Benchmark index Daily TSP also aggregates tons of reference fund information in an easy to navigate and . 2022 TSP fund performance was dismal. TSP Website: Status on Improving Performance and Investor Satisfaction, US Marshals Hit With Major Ransomware Attack, Compromising Employee Info, Dismal 2022 TSP Performance: One Fund Down 26% for the Year, 2023 Starts With Strong TSP Performance: One Fund Up 8.25% So Far. This action will also remove this member from your connections and send a report to the site admin. Lori Heinel, Global Chief Investment Officer for State Street, provided an impressive overview of the outlook for stocks. Should federal employees who were fired or resigned over the vaccine mandate be allowed to return to their jobs? He has written extensively on a full range of human resources topics in books and newsletters and is a co-founder of two companies and several newsletters onfederal human resources. The C Fund is now down -13.11% for the year. For example, we extended the TSP C Fund with the S&P 500 Total Return index. The C Funds November performance was up 5.58%the 2nd best performance among the TSP core funds in November. This continued until the markets broke in 2020 and the . The average return for the buy-and-hold strategy is +6.45% per year. Although the program got off to a strong start when we launched it, usage steadily declined over the last few years. With the November performance factored in, all of the TSP stock funds are ahead of where they stood at the end of October. Use these calculators to see how various factors such as salary, TSP contribution rate, and other retirement income sources influence how much you need to save for retirement. TSP performance in January 2023 flipped from what it was in January 2022. Here is a summary of the number of interactions with the various channels: A large number of loans and withdrawal requests have been received and processed. As readers have pointed out in comments, there is a large push to achieve equity based on race without comparable references to maintaining competence in providing government services. It is still impacting performance of the stock market. Some of these areas as behind-the-scene actions that are critical to the performance of a website but may not be visible to participants unless there is a failure. TSP.gov has published monthly fund returns since inception, and daily fund price history since 2003. Fund Last % YTD; G Fund: $17.3454 +0.01% +0.64%: F Fund . Here are the rankings from highest to lowest average federal pay by racial category: As is usually the case, the average salary in the Washington, DC area is one of the highest averages for federal pay averages in the nation at $130,802. In TSP Talk you will get information on each of the TSP funds including market analysis, TSP fund returns, and recommended TSP fund allocations. In January, inflation increased 0.5%. Aggregate Bond Index, a broad index representing the U.S. bond market. QQQ includes shares from the top Nasdaq companies. That back-log has now been resolved. The TSP L 2030 Fund is one of the TSP Lifecycle Funds, designed for investors who plan to withdraw their money beginning 2028 through 2032. Advertisement. At the end of the year, the C Fund was down -18.13%, the S Fund was down -26.26%, and the I Fund ended down -13.94%. The fixed income bonds in the F Fund lost 1.08% in value in February, bringing its performance since January down to -3.15%. Should federal employees who were fired or resigned over the vaccine mandate be allowed to return to their jobs? Note that the benchmark drawdowns (-23.2%) are significantly worse than the strategy drawdowns (-10.2%). Subscribe to our free email list to get our news updates in your inbox. What is important are the actual results of significant events unfoldingsome of which will be determined or influenced by government decisions and actions and others that will move along without regard to government actions. Here is a summary of improvements that are on-going and planned for the near future. The use of TikTok, the video sharing app owned by ByteDance Limited, a Chinese IT company based in Beijing, was recently banned on government devices as a part of the 2023 omnibus spending . Thrift Savings Plan. S Fund 6 Month Daily : 10 DMA, 50 DMA, 200 DMA . Use this app to: - review your TSP account summary - check your investment performance and change your investment mix L 2035 Fund. With headlines like Inflation Highest in 40 Years, it does not take a political strategist to see that bad news like this could influence an election. On a positive note, for the year-to-date, all of the TSP Funds still have a positive return. Subscribe to our free email list to get our news updates in your inbox. What You Need to Know, Federal Employees Pay Satisfaction on the Decline, October TSP Performance Up; Two Core Funds Up 8%+. Federal government websites often end in .gov or .mil.