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L Income

First, let's answer a few questions.

  • You should consider investing in the L Income Fund if you are currently withdrawing money from your TSP account in monthly payments or you plan to begin withdrawing money before 2021.

  • The L Income Fund can have periods of gain and loss, just as the individual TSP funds do. However, the L Income Fund is the most conservative of the L Funds. It focuses on money preservation while providing a small exposure to the riskier funds (C, S, and I Funds) in order to reduce inflation's effect on your purchasing power.

  • Your investment in the L Income Fund is designed to produce current income for you if you plan to start withdrawing from your account in the near future or are already receiving monthly payments from your account.

The L Income Fund’s investment objective is to achieve a low level of growth with a high emphasis on preservation of assets. Unlike the other four L Funds, the L Income Fund's asset allocation does not change quarterly. However, like the other funds, it is rebalanced daily to maintain its target investment mix.

Performance

Average annual returns
2020 YTD 1 Yr 3 Yrs 5 Yrs 10 Yrs
- - - - -
  • Details As of 12/31/2019

    Assets
    $136.5 billion

    Net admin expense
    $0.420/$1,000 account balance 0.042% (4.2 basis points)

    Other expense
    $0.010/$1,000 account balance 0.001% (0.1 basis points)

    Inception date
    8/1/2005

    Allocation target

  • L Income Allocation

  • Fees As of 12/31/2019

    Net admin expense*
    $0.420/$1,000 account balance 0.042% (4.2 basis points)

    Other expense**
    $0.010/$1,000 account balance 0.001% (0.1 basis points)

    * An expense ratio of 0.042% translates to 4.2 basis points or $0.420 per $1,000 acount balance.

    **Fees paid to the investment manager.

    Additional information

    The L Income Fund is designed to produce current income if you are already receiving money from your TSP account through monthly payments or if you plan to withdraw or to begin withdrawing from your account next year. The asset allocations are based on the investment consultant’s assumptions regarding future investment returns, inflation, economic growth, and interest rates. We review these assumptions at least annually to determine whether changes to the allocations are warranted.

    Remember, however, that expected risk and return are based on assumptions about future economic conditions and investment performance. There is no guaranteed rate of return for any period, either short-term or long-term. For the fund’s historical returns, visit Share Price History. Past performance does not guarantee future results.