June 2021

May 31, 2021

Allocation Percentages for June 2021

USAA

USIBX

USAAX

USCAX

58%

USIFX

42%

Fidelity

FCBFX

FOCPX

FDVLX

96%

FWWFX

Vanguard

VBLAX

VIGAX

VSGAX

VFSAX

100%

Welcome to June! May seemed like a more "normal" month than we have had in a long time. With fears of the pandemic last year, the election cycle, and the optimism of lockdowns and normal life returning, we have ridden numerous up and down waves. May, was a bit calmer. Of note, the Sortino Standard Deviation across all 9 of the stock funds are within 1.5% of each other, if one were to only use this metric. This metric means the expected upside return of the stocks are fairly aligned, and they all represent decent investments when compared to one another. The standard deviation for many of these funds is still quite high with most over 5%. As these are managed funds and generally generate higher returns than the average market index (at least that is the point), I would expect a higher standard deviation. I am seeing the potential for stronger performance in international funds, as reflected in my distribution this month. While my readers of TSP Coach will note that I’m not in the I Fund right now, I am close to participating in the I Fund. Moving forward, the year does continue to show promise with the reopening of the economy. As many of you will remember, I was invested in the bonds for two months this year (February and March), when the market was unusually sloppy with high volatility. I chose not to participate in that much risk and my annual returns reflect my more conservative position from those months. They were highly volatile, but on each occasion, they ended up for the month, much to my chagrin. I expected the Federal Reserve to raise interest rates to curb inflation, that did not happen, and I don't see it happening for the remainder of the year. Therefore, with higher inflationary pressure and an expanding economy, stocks will continue to be the recipient of most investments, making all the stock funds, including the international funds, look attractive as stable investments. Keep investing!

Date	USIBX	USAAX	USCAX	USIFX
2024-11-15	9.12	41.23	14.53	27.52
2024-11-14	9.12	42.09	14.75	27.63
Daily Change	0%	-2.04%	-1.49%	-0.4%
Month to Date	-0.65%	4.35%	4.46%	-2.1%
Year to Date	-0.72%	29.09%	9.58%	5.89%

Date	FCBFX	FOCPX	FDVLX	FWWFX
2024-11-15	10.48	21.03	16.34	39.65
2024-11-14	10.49	21.56	16.42	40.11
Daily Change	-0.1%	-2.46%	-0.49%	-1.15%
Month to Date	-0.66%	2.64%	3.61%	1.69%
Year to Date	0.16%	14.98%	13.79%	27.45%

Date	VBLAX	VIGAX	VSGAX	VFSAX
2024-11-15	10.62	204.73	98.58	28.88
2024-11-14	10.65	208.94	100.15	28.98
Daily Change	-0.28%	-2.01%	-1.57%	-0.35%
Month to Date	-1.58%	3.83%	5.1%	-2.6%
Year to Date	-5.57%	27.96%	14.45%	1.69%