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. TSP core record keeping functionality is running, and transactions are being processed at record-breaking rates. With that in mind, we are unable to provide support with respect to issues with the charts below. Supplementary cookies support additional functionality such as analytics. The revised version of the TSP website was released in June 2022. The Federal Retirement Thrift Investment Board or the Thrift Savings Plan, and any service being offered is not sanctioned by . As this is the index on which the C Fund is based, it dropped as well. 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. 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. Before sharing sensitive information, make sure youre on a federal government site. 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. Daily TSP also aggregates tons of reference fund information in an easy to navigate and . The TSP F Fund is a U.S. bond index fund. (FRTIB) or the Thrift Savings Plan (TSP), and that the service being offered is not sanctioned by the United States . The C Fund can also be useful in a portfolio that contains bonds. The S Fund still has the most dismal performance among the core funds for the year as it is down -20.63%. Over the past 12 months, all of the TSP Funds, with the exception of the G and L Income Funds, have a negative return. Volatile funds or portfolios have a high standard deviation. Overall, the average federal salary increased by 11.41% for the workforce from September 2018 September 2022. The first TSP fund became available to investors in April 1987, and others followed in 1988 and 2001. Sometimes, the real news is not reflected in headlines. By the end of 2022, the total TSP fund returns were negative for all of the TSP stock funds. And, of course, politics may play a role in the headlines we see. All of . . Please note: More if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'tspdatacenter_com-box-1','ezslot_3',111,'0','0'])};__ez_fad_position('div-gpt-ad-tspdatacenter_com-box-1-0');report this adTrack the TSP by Email!Our free email list gives you a weekly snapshot of the TSP funds' performance; sent weekly on Saturdays.Email Address * GAO Agrees to Investigate TSP Website Problems. In other words, stocks for companies outside of the United States may do better than American companies. With the Biden administration striving to put the topic of racial equity in the forefront of government policy on a wide variety of topics, what are the differences in average federal pay by racial groups over a period of years? It is human nature to look to more recent events and react to that recent information. Readers have reported unhappy experiences with the new TSP website. Ralph Smith has several decades of experience working with federal human resources issues. Less investment risk. All rights reserved. Here is a brief summary of where improvements have been made in recent weeks. You may need to refresh your browser occaisonally. Follow Ralph on Twitter: @RalphSmith47. Privacy Policy | These are 10 mistakes that federal employees would be wise to avoid when planning for retirement. Who are you going to believe, the experts or your own eyes?, writes The Epoch Times. 2023 FedSmith Inc. All rights reserved. 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. The Thrift Savings Plan (TSP) is a retirement savings and investment plan for federal employees and members of the military. Below are the TSP fund performance figures for the G, F, C, S, I and L investment funds as calculated by the Thrift Savings Plan. 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 Accenture representative noted they anticipate the number will again reach prior level of 4.1 million accounts in June or July 2023. Advertise | Should federal employees who were fired or resigned over the vaccine mandate be allowed to return to their jobs? It aims to achieve a moderate level of growth with a moderate emphasis on preservation of investment capital. The average maturity is 8.9 years, and the average duration is 6.7 years. 04/30/21: Prior Prices : Fund: G Fund: F Fund: C Fund: S Fund: I Fund: Price : 16.5744 20.655: 62.5284: 83.3603: 37.769 . 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. If you have questions about your TSP account, you must contact the TSP for assistance. TSP performance in January 2023 flipped from what it was in January 2022. In fact, investment grade bonds are often uncorrelated or negatively correlated to stocks (bonds zig when stocks zag, and vice versa). Thrift Savings Plan (TSP) Coach. . For those with more interest in the impact of locality pay on federal pay, this article provides a comparison of average federal salary levels among several locality pay areas. TSP - Weekly summary of the TSP funds' performance; Take Our Poll. QQQ includes shares from the top Nasdaq companies. State Street Global Advisors: View of the Market. 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. 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. Will this impact TSP investments? Blog Home; TSP Talk; Weekly Wrap Up; Intrepid Timer; Premium Services . In TSP Talk you will get information on each of the TSP funds including market analysis, TSP fund returns, and recommended TSP fund allocations. The F Fund was the only TSP portfolio in the red in 2021, declining 1.46%. March 2020, the C Fund went down 12.40% in the month, 2022 in Review: 2023 Federal Pay Raise, Federal Employee Vaccine Mandate and More, Dr. Anthony Fauci Retiring With Large Annuity, Still Facing Criticism Over Performance at NIAID, Number of TSP Millionaires Going Down: 36% Drop From Highest Point, 10 Easy Ways to Ruin a Federal Retirement. The initial performance of the new website was, according to many readers, disappointing at best. It may be an inherent bias is reflected in the headlines. In January, inflation increased 0.5%. Investment in the C Fund offers the opportunity to experience gains from equity ownership of large and mid-sized U.S. company stocks. As the underlying philosophy of the Biden executive orders on race is to achieve equity (apparently this is equated with equal results for all groups rather than equal opportunity for achievement), the administration will presumably see the averages as evidence of a successful start in applying his executive orders on these issues to the federal governments workforce. It is a defined contribution plan, similar to 401 (k) style retirement savings plans in the private sector. The outlook portrayed by State Street is in favor of value stocks (rather than growth) outside of the United States. Harvest 2023 gross margins. As of 3/3/2023, the fund has a compound annual growth rate of 5.2%, annualized standard deviation of 4.0%, and Sharpe Ratio of 0.25. Fluctuating input costs and volatile grain and oilseed markets continue to add uncertainty to farm business profitability. The stocks in the S&P 500 Index represent approximately 85% of the market value of the U.S. stock markets. The TSP is one part of a three-part retirement package that also includes your FERS basic annuity and Social Security. It is too soon to say that the TSP Funds are in a bull market. Note that the benchmark drawdowns (-23.2%) are significantly worse than the strategy drawdowns (-10.2%). This article The TSP is focused on continuous evaluation and introducing new innovations to improve participant outcomes and the overall participant experience. That was still better than the S Fund at that time (down 29.85%) and the I Fund (down 27.25%). The .gov means its official. may not be reproduced without express written consent from Ralph R. Smith. Ralph Smith has several decades of experience working with federal human resources issues. The site is secure. Please enter your name and email address below: Send me TSP fund updates: Weekly Daily. For November though, the S Fund gained 3.59%. The same was done for all other TSP funds and their underlying index. 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. An analysis of recent data suggests the Biden administrations focus on racial equity may be working to reduce federal pay raises for White employees. Daily TSP Performance. Improvements to overall operational processes have also been made, with a focus on reducing customer cases. Posted 11:38:12 AM. *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 . Aggregate Bond Index, a broad index representing the U.S. bond market. 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. Thrift Savings Plan Talk For Federal Government Employees and Military Personnel. At the monthly meeting of the FRTIB in February, State Street provided a summary of its economic outlook. Should federal employees who were fired or resigned over the vaccine mandate be allowed to return to their jobs? Fund Last . The index was designed by Standard & Poors Corporation (S&P) to provide a representative measure of U.S. stock markets performance. C Fund 6 Month Daily : 10 DMA, 50 DMA, 200 DMA. 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. All rights reserved. BlackRock Institutional Trust Company, N.A.State Street Global Advisors Trust Company (effective 4/19/2021), Net administrative expense ratio 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. Sign up for free TSP Fund price and performance updates via email. That is higher than what economists had anticipated. Contains spam, fake content or potential malware. To allow for a longer performance comparison and backtest, we extended the available TSP fund price history with the underlying index data. Here is a comparison of the TSP core fund returns for the end of September compares to the end of November. Fund Last % YTD; G Fund: $17.3454 +0.01% +0.64%: F Fund . Fund Returns From: March 3, 2023 thru March 3, 2023 (Actual COB Mar 2 thru COB Mar 3) Fund: Start Price: End Price: Return: G-fund : 17.3454: 17.3454: 0.0000%: F-fund . Here are the 2022 TSP returns for all funds in the Thrift Savings Plan for December 2022 and for all of 2022: The thrift savings plan (TSP) is a retirement investment program for federal employees and members of the uniformed services, including the Ready Reserve. She noted a disinflationary episode is now unfolding and that the mad dash to rebuild inventories in companies is now over. For example, we extended the TSP C Fund with the S&P 500 Total Return index. Use this app to: - review your TSP account summary - check your investment performance and change your investment mix My Account, Plan Participation, Investment Funds, Planning and Tools, Life Events and . We are providing these live charts for reference and education only. The F Fund provides broad exposure to U.S. investment grade bonds. By law, the C Fund must be invested in a portfolio designed to replicate the performance of an index of stocks representing the U.S. stock markets. You can join other TSP participants on our popular TSP . In answering these questions for Accenture, the representative noted that many of the problems occurred as a result of issues that were more complex than more normal procedures. 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. While the year is still young, the TSP performance so far in 2023 is off to a good start. Subscribe to our free email list to get our news updates in your inbox. Will the labor market stabilize with more people returning to work? This average is for the Asian racial category. TSP Performance for September: Worst Nine Months for Stocks Since 2002, How is the Annual Federal Employee Pay Raise Determined? For the year, the S Fund leads all other funds with a return of 9.01%. Performance expectations were met in four of the last six months. The TSP F Fund is a U.S. bond index fund. Subscribe to our free email list to get our news updates in your inbox. An initial investment of $1,000 in 1990 would be worth $16,355 today [1]. The racial group with the lowest average salary increase is for White federal employees with an average salary increase of 11.23% over this five-year period. To allow for a longer performance comparison and backtest, we extended the available TSP fund price history with the underlying index data. But the common stocks of the C Fund continued their downward trajectory, finishing the May reporting window 1.65% in the red. 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. It invests about 30 percent in corporate bonds and 70 percent in U.S. government bonds of all maturities. A good investment strategy aims to minimize drawdowns. Ralph Smith has several decades of experience working with federal human resources issues. President Biden cancelled an Executive Order on "race and sex stereotyping" with a new one to advance "equity across the federal government.". The presentation focused more on the global economy and growth rates. 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%. 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 . Koyfin.com is kind enough to let us embed live charts directly on our page (other chart websites do not allow this). It is free and will continue to operate for new and existing subscribers. GAO has agreed to investigate the recent problems that have plagued the TSP since the launch of the new website and features in June. In January 2022, the C Fund lost 5.18%, the S Fund was down 10.07% and the I Fund was down 3.96%. The TSP 2023 Withdrawal Issues. Based on the latest data, participant satisfaction is still below the goal of 90%. 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. TSP has an obligation to disclose these cookies. At that time, the C Fund was down 23.87% for the year. Follow Ralph on Twitter: @RalphSmith47. A retirement portfolio that contains a bond fund like the F Fund, along with other stock funds, like the S and I Funds, will tend to be less volatile than one that contains stock funds alone. An official website of the United States government. It has no impact on or affiliation with your actual/official TSP account operated by the federal government. - Personal Investment Performance (PIP) computation. This page is NOT optimized for mobile devices. The I Fund is in second place with a return of 5.36% and the C Fund shows a return of 3.68%. 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. However, in practice the difference is not significant, because the TSP funds have extremely low expense ratios (0.027% per year as of this writing). It is now back in focus for federal employees. This increase puts the Dow index back into a bull marketan increase of 20% or more from a recent low. Here is the latest number as of the end of June 2022. This list is from a chart presented at the FRTIB monthly meeting. After dismal Thrift Savings Plan (TSP) performance in 2022, 2023 started the year off with a bang. Last updated: February 02, 2023 at 03:39 PM. The C Funds November performance was up 5.58%the 2nd best performance among the TSP core funds in November. Here is an update on 2022 TSP fund performance and how TSP website problems have been rectified. S&P 500 Index | spglobal.com, Asset manager(s) Here are some of the improvements that are now being implemented: At the end of the presentation, FRTIB members asked several questions. The Thrift Savings Plan also offers 10 Lifecycle (L) Funds in which to invest. It manages a significant percentage of the S, F, and I Funds in the TSP. Focus on active risk management and capital preservation. And yet we turn around and observe actually that everything has gone up widely in price. By the end of January, the satisfaction rate was at 88.74%. 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.