As one would expect, no recommendations are made for specific TSP Funds in coming months. January February March April May June July August September October November December 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 . This average is for the Asian racial category. Fund Last . The Accenture representative noted they anticipate the number will again reach prior level of 4.1 million accounts in June or July 2023. The stocks in the S&P 500 Index represent approximately 85% of the market value of the U.S. stock markets. . That brings the fund's 2022 performance up to -20.48%. January 2022 was not as bad as March 2020. The worst drawdown since inception so far is -18.0%: There are many other mutual funds and ETFs tracking the same index used by the F Fund (the Bloomberg U.S. The Thrift Savings Plan also offers 10 Lifecycle (L) Funds in which to invest. Here is the latest number as of the end of June 2022. TSP Share Prices . It is adefined-contribution (DC)plan that offers federal employees many of the same benefits that are available to workers in the private sector. TSP Talk - . The fund uses a "passive management" (indexing) investment approach, designed to match the performance of the Bloomberg U.S. So, the good news is that it could have been worse (and has been worse in earlier decades). 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. The C Fund can be useful in a portfolio that also contains stock funds that track other indexes such as the S Fund and the I Fund. InMarch 2020, the C Fund went down 12.40% in the month. New crop UK feed wheat futures (Nov-23) averaged 233.34/t in February, up 14.6% on the year from last year's new crop futures, when the Nov-22 contract averaged 203.59/t in February. Focus on active risk management and capital preservation. Overall Returns (2005-2022): Our TSP Allocation Service is averaging a profit of +12.73% per year. It is free and will continue to operate for new and existing subscribers. Although the program got off to a strong start when we launched it, usage steadily declined over the last few years. Before sharing sensitive information, make sure youre on a federal government site. 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 . Investors will ignore the sunny prognostications of political leaders seeking approval and wanting to stay in office. These funds are a mix of the five core TSP funds (G, F, C, S, and I). TSP investors using the website are using the digital, self-service channels. HR-1261, to have the TSP create a "corporate responsibility" investment fund. Federal Agencies Have 30 Days to Eliminate TikTok From Government Devices, TSP Performance Disappoints in February: Year-to-Date Returns Still Positive, Update on TSP Website Problems; All TSP Funds Have Negative Return With One Down 30%+. Drawdown: the peak-to-trough decline in investment or portfolio value, measured as a percentage between the peak and the trough. Improvements to overall operational processes have also been made, with a focus on reducing customer cases. In most cases, you can only roll over funds when you change jobs . Will the labor market stabilize with more people returning to work? Subscribe to our free email list to get our news updates in your inbox. Follow Ralph on Twitter: @RalphSmith47. Should federal employees who were fired or resigned over the vaccine mandate be allowed to return to their jobs? The charts below illustrate how the Thrift Savings Plan (TSP) S Fund and the Vanguard VXF ETF tracks the performance of the Dow Jones U.S. It is designed to track the Nasdaq ETF stock market index. Use this app to: - review your TSP account summary - check your investment performance and change your investment mix In January, inflation increased 0.5%. Even with two years of significant losses included (starting in 2008 and ending in 2022), TSP investors have done well with these stock funds over a 14-year period. 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. 2022 was not a good year for stock returns in the Thrift Savings Plan (TSP). 2023 FedSmith Inc. All rights reserved. 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. That was the low point of the year for this stock index. When comparing investments, a low standard deviation is preferable. Our Performance; Our Analysis; Our Allocations; Podcast; Live Charts. 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. On a positive note, for the year-to-date, all of the TSP Funds still have a positive return. At the latest meeting of the Federal Retirement Thrift Investment Board (FRTIB) on February 28, 2023, the contractor for this project, Accenture Federal Services, provided an update on the status, in other words, what has been going on to improve the user experience with the website and what areas still need the most attention for improvement. may not be reproduced without express written consent from Ralph R. Smith. Inflation is a political football. An initial investment of $1,000 in 1990 would be worth $16,355 today [1]. Daily TSP Performance. 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. L 2035 Fund. To be clear, the apparent out-performance of the TSP S fund has more to do with when they set the price of all the funds to 10 in 2003 than consistent out performance. 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. It may be an inherent bias is reflected in the headlines. 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. Ralph Smith has several decades of experience working with federal human resources issues. There are approximately six million Thrift Saving Plan (TSP) participants who are federal employees, active military, and federal . 2022 TSP fund performance was dismal. TSP has an obligation to disclose these cookies. 2023 FedSmith Inc. All rights reserved. The TSP is like a401(k) planoffered by private employers. 2023 Ralph R. Smith. Lori Heinel, Global Chief Investment Officer for State Street, provided an impressive overview of the outlook for stocks. As 2022 progressed, the total TSP fund returns have ended up in negative territory for all of the TSP stock funds. Please confirm you want to block this member. This is the only category that was lower than the overall average. The Thrift Savings Plan ("TSP") is a retirement saving and investment plan for Federal employees and members of the uniformed services, including the Ready Reserve. Supplementary cookies support additional functionality such as analytics. Over 18 years, our service continues to lead all other TSP advisory services. Over the past two years, we have read inflation is transitory, declining, improving, cooling, easing, abating, and actually slowing down. The chart below compares the performance of the TSP Folio investment strategy to a buy and hold portfolio consisting of 40% stocks and 60% bonds [2]. Daily TSP provides a beautiful set of interactive charts that automatically update each day and allow you to look through the entire TSP share price history for any 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. Stocks went up significantly on the last day of November after Federal Reserve ChairJerome Powellsignaled a potential slowdown in interest-rate increases. 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. Here is a comparison of the TSP core fund returns for the end of September compares to the end of November. 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%. Will 2023 provide a similar return for investors? The year did not start off well. 90% of all interactions are now being handled through these channels. Here are the latest fund returns. Exacta ($1), Trifecta (.50), Super (.10), Double ($1) 6 & 7, Pick 3 ($1) (6-8) Grand Slam ($1) (6-9), Late Pick 5 (.50) (6-10) Aqueduct MAIDEN SPECIAL WEIGHT. The U.S. government is the largest employer in the United States. With the November performance factored in, all of the TSP stock funds are ahead of where they stood at the end of October. That was still better than the S Fund at that time (down 29.85%) and the I Fund (down 27.25%). This article TSP Account Number. An analysis of recent data suggests the Biden administrations focus on racial equity may be working to reduce federal pay raises for White employees. The companies in the index represent 123 industries classified into the 11 major sector groups shown in the chart. At the end of October, the I Fund was still down -22.90%. This fund is the second largest ETF in the world and gives a good overall picture of the market. Follow Ralph on Twitter: @RalphSmith47. The data show a significant difference between this racial category and others. 2023 FedSmith Inc. All rights reserved. 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). The S&P 500, the index on which the C Fund in the Thrift Savings Plan (TSP) is based, went up 3.1%. Accenture stated that the industry standard of participant satisfaction is 80%. 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. The TSP F Fund is a U.S. bond index fund. 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 now back in focus for federal employees. It aims to achieve a moderate to high level of growth with a low emphasis on preservation of investment . The best app for tracking the TSP funds and your account performance. Please note that all information on this page is related solely to the TSP Portfolio Tracker application that was previously hosted here onTSPDataCenter.com. L 2065 Fund. The TSP is focused on continuous evaluation and introducing new innovations to improve participant outcomes and the overall participant experience. Sometimes, the real news is not reflected in headlines. The site is secure. Hispanic federal employees were a very close second with a salary increase of 12.65%. tracking system is the IFT allocation reporting system for TSPtalk.com members only and will not impact your actual Thrift Savings Plan account. F Fund investors have the opportunity to earn higher long-term returns compared to investors in short-term securities such as the TSP G Fund. It is still impacting performance of the stock market. Job Id: 22600002Business OverviewAmericas Trade Services is a key unit within the Global TradeSee this and similar jobs on LinkedIn. The Dow Jones Industrial Average is up more than 20% since September 30th. Volatile funds or portfolios have a high standard deviation. 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. For this column, FedSmith went back over a five-year period looking at the average federal employee pay in different categories. The Sharpe Ratio measures risk-adjusted performance. It manages a significant percentage of the S, F, and I Funds in the TSP. As this is the index on which the C Fund is based, it dropped as well. There has been gradual improvement in participant satisfaction with these calls since September. If you have questions about your TSP account, you must contact the TSP for assistance. Yes (71%, 591 Votes) No (29%, 247 Votes) Total Voters: 838 Loading . It is more beneficial to review how these TSP Funds have performed over a longer term, including the downturns of 2008 and 2022. For example, on the lowest end of the scale, the lowest average salary for any racial group as of the end of September 2022 was for Black federal employees. The same was done for all other TSP funds and their underlying index. What happened after the last significant yearly loss? The TSP performance in October 2022 was up significantly with returns for some TSP funds above 8%. Popular examples include Vanguard's Total Bond Market Index Fund (VBMFX), Vanguard Total Bond Market ETF (BND), and iShares Core U.S. We use the TSP G Fund returns as our risk-free investment. This article User ID. Thrift Savings Plan (TSP) Coach. Subscribe to our free email list to get our news updates in your inbox. The C Fund is now down -13.11% for the year. The smallest decline was in the L Income fund, which was -1.60% last month. A retirement portfolio that contains an allocation to bond funds like the TSP F Fund, in addition to stock funds like the TSP C, I, and S funds, will typically be less volatile than one that contains only stock funds. Follow Ralph on Twitter: @RalphSmith47. The TSP Portfolio Tracker application was discontinued on December 31, 2020 and is no longer in service. Should federal employees who were fired or resigned over the vaccine mandate be allowed to return to their jobs? Fluctuating input costs and volatile grain and oilseed markets continue to add uncertainty to farm business profitability. 2023 Ralph R. Smith. TSP Charts; How to build TSP charts; Sign in. One TSP stock fund was down 26%. 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. Aggregate Bond Index, a broad index representing the U.S. bond market. Cases are being resolved more quickly. The S Fund still has the most dismal performance among the core funds for the year as it is down -20.63%. An investor following the TSP Folio strategy typically enters the rebalancing orders on the last business day of the month, after the market close, or on the next business day. QQQ includes shares from the top Nasdaq companies. 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. 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. Aggregate Bond Index, a broad index representing the U.S. bond market. 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. Subscribe to our free email list to get our news updates in your inbox. Addressing current issues and identifying opportunities for ongoing improvement remains the programs top priority. Security and information technology service levels have all been met. Steps have been taken to make significant improvements in the call center, resulting in improved participant satisfaction. Point72 [] An official website of the United States government. As soon as the December 2022 TSP performance figures are available, we will keep readers up-to-date on how their TSP retirement assets did for the entire year.