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  • Starting in January 2021, we’re making the process easier for participants. If you’re turning 50 or older and are eligible for catch-up, you’ll no longer need to make separate catch-up elections to your TSP account. To learn how to make these contributions next year, visit Catch-up contributions.

L 2020

First, let's answer a few questions.

  • You should consider investing in the L 2020 Fund if you plan to withdraw money from your TSP account beginning 2019 through 2024.

  • When you invest in the L 2020 Fund, you are subject to the investment risks associated with the G, F, C, S, and I funds. This means that the L 2020 Fund can have periods of gain and loss, just as the individual TSP funds do.

  • Your investment in the L 2020 Fund will help you to achieve the best expected return for the amount of expected risk that is appropriate for your time horizon. The L 2020 Fund makes the investing process easy for you because you do not have to figure out how to diversify your account or how and when to rebalance - it’s done for you.

The L 2020 Fund’s investment objective is to achieve a moderate level of growth with a moderate emphasis on preservation of assets. The Fund's allocation in the G, F, C, S, and I Funds is adjusted quarterly. The L 2020 will roll into the L Income Fund automatically in July 2020 when its allocation becomes the same as the allocation of the L Income Fund.

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 administrative expenses
    $0.420/$1,000 account balance 0.042% (4.2 basis points)

    Other expenses
    $0.020/$1,000 account balance 0.002% (0.2 basis points)

    Inception date
    8/1/2005

    Allocation target

  • L 2020 Allocation

  • Fees As of 12/31/2019

    Net administrative expenses1
    $0.420/$1,000 account balance 0.042% (4.2 basis points)

    Other expenses2
    $0.020/$1,000 account balance 0.002% (0.2 basis points)

    1. An expense ratio of 0.042% translates to 4.2 basis points or $0.420 per $1,000 acount balance.
    2. Fees paid to the investment manager.

    Additional information

    The L 2020 is designed for you if your time horizons falls within the 2019 through 2024 range. The asset allocation of this fund is adjusted quarterly, moving to a more conservative mix, gradually approaching that of the L Income Fund. Between quarterly adjustments, the asset allocation of the L 2020 is maintained through daily rebalancing to the fund’s target allocation.

    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.