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Administrative costs

Our expenses are the costs of administering your TSP. The gross expenses include

These expenses are paid by the forfeitures of Agency/Service Automatic (1%) Contributions of FERS and BRS participants who leave federal service before they are vested, other forfeitures, and loan fees. Because these amounts are not sufficient to cover all of the TSP’s expenses, you share in the remainder of the costs.

Net expenses represent the amount that your investment returns were reduced by TSP administrative expenses.

For 2019, the average net expense for participants was $0.42* for every $1,000 invested.

Expense ratios may also be expressed in basis points. One basis point is 1/100th of one percent, or 0.01%. Therefore, the 2019 net expense ratio* of 0.042% is 4.2 basis points. Expressed either way, this means that expenses charged to your account in 2019 were approximately 42 cents per $1,000 of investment.

*Other expenses are fees paid to the investment manager.

Lifecycle funds

L Income L 2025 L 2030 L 2035 L 2040 L 2045 L 2050 L 2055 L 2060 L 2065
Rates of return as of M/D/YYYY
YTD - - - - - - - - - -
1-year - - - - - - - - - -
3-year - - - - - - - - - -
5-year - - - - - - - - - -
10-year - - - - - - - - - -
Life - - - - - - - - - -
2019 Administrative expenses1
Gross 0.053% - 0.052% - 0.052% - 0.052% - - -
Net1 0.042% - 0.042% - 0.042% - 0.042% - - -
2019 Other expenses2
0.001% - 0.004% - 0.005% - 0.005% - - -

Individual funds

G Fund F Fund C Fund S Fund I Fund
Rates of return as of M/D/YYYY
YTD - - - - -
1-year - - - - -
3-year - - - - -
5-year - - - - -
10-year - - - - -
Life - - - - -
2019 Administrative expenses1
Gross 0.053% 0.052% 0.052% 0.052% 0.052%
Net1 0.043% 0.042% 0.042% 0.042% 0.042%
2019 Other expenses2
0.000% 0.004% 0.001% 0.018% 0.007%

The returns for the TSP funds represent net earnings after the deduction of administrative expenses and, in the cases of the F, C, S, I, and L Funds, after deduction of trading costs and investment management fees as of January 31, 2019. Additional information about the TSP funds; their related indexes; and their respective monthly, annual, and 10-year returns can be found in the TSP Fund Information sheets or by visiting Fund Performance.

Additional information about the TSP core funds: The Government Securities Investment (G) Fund contains government securities; the Fixed Income Index Investment (F) Fund contains government, corporate, and asset-backed bonds; the Common Stock Index Investment (C) Fund contains stocks of large and mediumsized U.S. companies; the Small Capitalization Stock Index Investment (S) Fund contains stocks of small to medium-sized U.S. companies; and the International Stock Index Investment (I) Fund contains stocks from more than 20 developed countries.

  1. Net administrative expenses are the expenses charged to TSP participants per dollar invested in the respective funds after offsetting gross administrative expenses with account forfeitures and loan fees.
  2. Fees paid to investment manager