On a more positive note, returns in the past two months have gone up significantly. Readers have reported unhappy experiences with the new TSP website. Follow Ralph on Twitter: @RalphSmith47. A growth recession describesan economy that is growing at such a slow pace that more jobs are being lost than are being added. 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. From 2011 to 2017, the TSP C fund outperformed the S fund. A FedSmith headline that month read: TSP Performance for September: Worst Nine Months for Stocks Since 2002. The F Fund provides broad exposure to U.S. investment grade bonds. When you visit the TSP website, we may place pieces of code, commonly referred to as "cookies," or similar technology on your device. Subscribe to our free email list to get our news updates in your inbox. As one would expect, no recommendations are made for specific TSP Funds in coming months. 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. TSP Performance for September: Worst Nine Months for Stocks Since 2002, How is the Annual Federal Employee Pay Raise Determined? 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. 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. That was the low point of the year for this stock index. What You Need to Know, Federal Employees Pay Satisfaction on the Decline, October TSP Performance Up; Two Core Funds Up 8%+. 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 . For decades, the drawdowns were in the 4-6% range, but during the high inflation and rising interest rate environment of 2022 that changed dramatically! The S&P 500, however, remains in a bear market. Focus on active risk management and capital preservation. Here is an update on 2022 TSP fund performance and how TSP website problems have been rectified. 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. Use this app to: - review your TSP account summary - check your investment performance and change your investment mix At the end of October, the I Fund was still down -22.90%. free TSP Fund price and performance updates via email. On a positive note, for the year-to-date, all of the TSP Funds still have a positive return. We recommend that you use these charts for quick reference. It invests about 30 percent in . 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. 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. A new rule from the Department of Labor requires considering climate change when investing retirement assets. 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 email list, so we decided we can best serve our users by focusing our efforts on these services instead. Notice in the right column that the TSP S fund's total return over approximately 9 years displayed is 143.41% verses 140.52% for the Completion Index. It is designed to track the Nasdaq ETF stock market index. Will the labor market stabilize with more people returning to work? Will inflation get under control? 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. may not be reproduced without express written consent from Ralph R. Smith. For this chart, I have used the end of September for each years data. Here is an update on 2022 TSP fund performance and how TSP website problems have been rectified. Focus on active risk management and capital preservation. If youre covered by theCivil Service Retirement System (CSRS)or are a member of theuniformed services, the TSP supplements CSRS annuity or military retired pay. The program continues to consistently achieve key contract performance measures. Performance results before this date represent a hypothetical strategy backtest. The Sharpe Ratio measures risk-adjusted performance. User ID. 2022 TSP fund performance was dismal. Inflation is a political football. Over the past two years, we have read inflation is transitory, declining, improving, cooling, easing, abating, and actually slowing down. Fund Last % YTD; G Fund: $17.3454 +0.01% +0.64%: F Fund . Thrift Savings Plan. The federal government's Thrift Savings Plan is a federally defined contribution retirement account similar to a civilian 401(k). It manages a significant percentage of the S, F, and I Funds in the TSP. And the common stocks of the C Fund fell 2.99%, putting it 8.01% in the . A new rule from the Department of Labor requires considering climate change when investing retirement assets. 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. 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. S-349, to include positions that may be performed by telework in a hiring preference for federal jobs for a spouse . The I Fund is in second place with a return of 5.36% and the C Fund shows a return of 3.68%. The outlook portrayed by State Street is in favor of value stocks (rather than growth) outside of the United States. Sometimes, the real news is not reflected in headlines. The reality is that inflation is still a problem. C Fund 6 Month Daily : 10 DMA, 50 DMA, 200 DMA. All rights reserved. State Street Global Advisors: View of the Market. 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 https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely. It aims to achieve a moderate to high level of growth with a low emphasis on preservation of investment . Based on the latest data, participant satisfaction is still below the goal of 90%. Since January, the G Fund has gained 0.86%. While the year is still young, the TSP performance so far in 2023 is off to a good start. The TSP Folio strategy has been consistently profitable, with a compound annual growth rate (CAGR) of 9.0%. The application was discontinued on December 31, 2020 and all user data associated with the application were removed at that time. QQQ includes shares from the top Nasdaq companies. But the common stocks of the C Fund continued their downward trajectory, finishing the May reporting window 1.65% in the red. To allow for a longer performance comparison and backtest, we extended the available TSP fund price history with the underlying index data. While TSP investors were probably hoping for a rebound, that did not occur. 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. $0.010/$1,000 account balance 0.001% (0.1 basis points). The TSP F Fund is a U.S. bond index fund. You can join other TSP participants on our popular TSP . Overall, the average federal salary increased by 11.41% for the workforce from September 2018 September 2022. The presentation focused more on the global economy and growth rates. Daily charts with official TSP fund share prices; Live estimated share prices during market hours; Historical TSP fund performance, data, and charts . 2023 Ralph R. Smith. Here is how inflation impacted prices of everyday items over a one-year period: It may take a few days for people to figure out the headlines are not necessarily accurate. It is a defined contribution plan, similar to 401 (k) style retirement savings plans in the private sector. The number of TSP millionaires continues to drop in the midst of the highest inflation rates in 40 years. L 2040 Fund. Here is a comparison of the TSP core fund returns for the end of September compares to the end of November. As 2022 progressed, the total TSP fund returns have ended up in negative territory for all of the TSP stock funds. Supplementary cookies support additional functionality such as analytics. 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. 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 revised version of the TSP website was released in June 2022. The F Fund was the only TSP portfolio in the red in 2021, declining 1.46%. The Dow Jones Industrial Average is up more than 20% since September 30th. If you have questions about your TSP account, you must contact the TSP for assistance. So, the good news is that it could have been worse (and has been worse in earlier decades). March 3, 2023. The U.S. government is the largest employer in the United States. The average return for the buy-and-hold strategy is +6.45% per year. Follow Ralph on Twitter: @RalphSmith47. Please allow a few minutes for this process to complete. If you have questions about your TSP account, you must contact the TSP for assistance. 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. The C Fund can also be useful in a portfolio that contains bonds. 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 average salary is only for pay and does not include an amount for benefits. BlackRock Institutional Trust Company, N.A.State Street Global Advisors Trust Company (effective 4/19/2021), Net administrative expense ratio Please note: 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. Daily Change: Details: L Income L 2025 L 2030 L 2035 L 2040 L 2045 L 2050 L 2055 L 2060 L 2065 G Fund F Fund . March 2, 2023. This column does not address that issue. Follow Ralph on Twitter: @RalphSmith47. The Federal Retirement Thrift Investment Board or the Thrift Savings Plan, and any service being offered is not sanctioned by . Aggregate Bond ETF (AGG). Total expense ratio Should federal employees who were fired or resigned over the vaccine mandate be allowed to return to their jobs? 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. By comparison, the benchmark portfolio has a CAGR of 6.7%, annualized standard deviation of 6.5%, and Sharpe Ratio of 0.40. The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely. 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. Performance expectations were met in four of the last six months. Daily, monthly and annual TSP performance, rates of return, and daily TSP share prices are among the data provided, and we also offer a free email newsletter with a weekly update on the TSP funds' performance. The firm owned 154,397 shares of the company's stock after selling 31,200 shares during the period. The average maturity is 8.9 years, and the average duration is 6.7 years. Fund Last . There are approximately six million Thrift Saving Plan (TSP) participants who are federal employees, active military, and federal . Due to rounding, numbers may not add up to exactly 100%. The Federal Retirement Thrift Investment Board has chosen as its benchmark the Standard & Poors 500 Stock Index, which tracks the performance of major U.S. companies and industries. Despite the increased events with the end of year activity, February performance has been good. TSP - Weekly summary of the TSP funds' performance; Take Our Poll. Improvements to overall operational processes have also been made, with a focus on reducing customer cases. Daily Notes; Blog. Summary: The TSP L 2030 Fund is a "fund of funds" invested in the TSP G, F, C, S, and I Funds. Investors will ignore the sunny prognostications of political leaders seeking approval and wanting to stay in office. More than 3.3 million participants have created their new My Account log-in information and 90% of all participant interactions are occurring through digital service channels. Will this impact TSP investments? 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. As 2022 comes to a close, many Thrift Savings Plan (TSP) investors will be glad to see this year come to an end as it has put a dent in the overall performance of the TSP funds. The performance of the C Fund is evaluated on the basis of how closely its returns match those of the S&P 500 Index. Completion Total Market Index.Note the index (blue) almost perfectly overlaps the TSP S Fund (green). Our free email list gives you a weekly snapshot of the TSP funds' performance; sent weekly on Saturdays. Daily TSP also aggregates tons of reference fund information in an easy to navigate and . Forgot your account number or user ID? TSP has an obligation to disclose these cookies. For the year, the S Fund leads all other funds with a return of 9.01%. 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. We chose this benchmark portfolio because the historical. Prior to the introduction of the new website, there were about 4.1 million online accounts. 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. 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. L 2045 Fund. All rights reserved. For November though, the S Fund gained 3.59%. Posted 11:38:12 AM. This continued until the markets broke in 2020 and the . Drawdown: the peak-to-trough decline in investment or portfolio value, measured as a percentage between the peak and the trough. 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. . 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%. 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. Point72 [] In fact, the rate of inflation reverted back to what it was five months earlier. 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. 2023 FedSmith Inc. All rights reserved. All of the current and historical daily share prices for the Thrift Savings Plan (TSP) are listed below. The Accenture representative noted they anticipate the number will again reach prior level of 4.1 million accounts in June or July 2023. 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%. Cases are being resolved more quickly. 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. Lori Heinel, Global Chief Investment Officer for State Street, provided an impressive overview of the outlook for stocks. By the end of 2022, the total TSP fund returns were negative for all of the TSP stock funds. Also send me occasional emails about TSP Folio's approach to investing in the TSP (our newsletter). 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. See also this page for historical share prices and trends. 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. In November, the I Fund had a gain of 13.72%the best return by far of any other TSP Fund for the month. 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%. TSP Charts; How to build TSP charts; Sign in. Please note that all information on this page is related solely to the TSP Portfolio Tracker application that was previously hosted here onTSPDataCenter.com. 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. Login to the TSP Talk AutoTracker [more info] How to Create an Account : Top YTD Returns: Thru March 3 : talking2jets +14.86% : netforcer +14.78% : djlc86 . There has been gradual improvement in participant satisfaction with these calls since September. While TSP investors were probably hoping for a rebound, that did not occur. The latest TSP share price data is provided to you everyday! 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. $0.590/$1,000 account balance 0.059% (5.9 basis points), Benchmark index 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. 90% of all interactions are now being handled through these channels. It's calculated by subtracting the risk-free interest rate from the rate of return for a specific portfolio, and dividing the result by the standard deviation of the portfolio returns. Steps have been taken to make significant improvements in the call center, resulting in improved participant satisfaction. The fund uses a passive management (indexing) investment approach, designed to match the performance of the Bloomberg U.S. This was also complicated by an older demographic that is not as experienced in using a computer program to resolve issues and therefore may have to handle problems with a phone call. 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 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 . A good investment strategy aims to minimize drawdowns. Daily TSP Performance. TSP investor returns for the stock funds are still in negative territory so far in 2022 and for the past 12 months. How is this changing the composition of the federal workforce? The best app for tracking the TSP funds and your account performance. State Street sees the United States and Europe to be in a Growth Recession with more downside risks. The smallest decline was in the L Income fund, which was -1.60% last month. 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. Through the TSP Mobile app, you'll be able to access your TSP account on your deviceanytime, anywhere. That perspective will be of interest to TSP investors, especially as the company manages billions of dollars on behalf of the TSP. 2022 TSP fund performance was dismal. 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. The TSP is focused on continuous evaluation and introducing new innovations to improve participant outcomes and the overall participant experience. 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). Hispanic federal employees were a very close second with a salary increase of 12.65%. Highlights cited by Accenture Federal Services in call center performance from February 7 February 20 include: The goal for participant satisfaction is 90%. InMarch 2020, the C Fund went down 12.40% in the month. My Account. This action will also remove this member from your connections and send a report to the site admin. Here are the November 2022 monthly TSP returns and how these funds are performing so far this year. Here is a brief summary of where improvements have been made in recent weeks. TSP performance in January 2023 flipped from what it was in January 2022. Aggregate Bond Index, a broad index representing the U.S. bond market. Ralph Smith has several decades of experience working with federal human resources issues. 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%+. That back-log has now been resolved. The number of calls started going up in December. 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. A primary focus of the Biden administration is on racism. While 2022 was not profitable for investors, it has been worse. In 2017, for example, the I Fund had a return of 25.42%doing better than any of the other TSP stock funds. Thrift Savings Plan Talk For Federal Government Employees and Military Personnel. The S&P 500, the index on which the C Fund in the Thrift Savings Plan (TSP) is based, went up 3.1%. 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. A description of each of the TSP funds is here. 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. . The impact of this 1 day delay is already incorporated into these performance statistics. The TSP Folio strategy was made available to subscribers on 8/30/2010. Subscribe to our free email list to get our news updates in your inbox. 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. When you visit the TSP website, we may place pieces of code, commonly referred to as "cookies," or similar technology on your device. may not be reproduced without express written consent from Ralph R. Smith. By investing in all segments of the stock market (as opposed to just one), you reduce your exposure to market risk. Presumably, this differential would have been even greater for White males as the average female salary for a federal employee went up 11.75% and the average male salary went up 11.32%. We are providing these live charts for reference and education only. . Other areas of successful performance are: Based on comments from TSP investors using the new TSP website, there are other areas that have provided a source of complaints. 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. 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. There are now about 3.3 million accounts. TSP performance is down in February 2023 but still up for the year-to-date. 2023 FedSmith Inc. All rights reserved. As this is the index on which the C Fund is based, it dropped as well. January 2022 was not as bad as March 2020. L 2065 Fund. Since then, a number of improvements have been made as problems were identified and attempts have been made to resolve the problems. 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.
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