C fund share price drops below G fund

brian — Tue, 07 Oct 2008 10:31:11 +0000

In a sign of just how far the stock market has dropped in the last few months, on Friday the price of a share of the Thrift Savings Plan’s C-fund, which tracks the S&P 500 Index, dropped below the value of shares in the low risk G-fund. At the peak of the market, just a year ago, a C-fund share was worth $17.57, while shares in the G-fund were at $12.15. On Friday the value of a C-fund share was $12.61, a drop of 28% in a year, while G shares were worth $12.64, a gain of 4% in the same period. C-fund shares fell further on Monday, closing at $12.12, a loss of almost 4% in one day. The other stock-based funds have also suffered big losses over the last year, with the small cap S fund down 32% from a year ago, and the International I fund down 39%.

Update: The C-fund fell another 5% on Tuesday, to $11.43, a level not seen since 2004. The cumulative loss in the last month now stands at 20%.

TSP Funds Historical Prices

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C fund share price drops below G fund