The chart below provides a comparison of the available TSP funds. You can learn more information about each fund by clicking on the fund name.


  G Fund F Fund* C Fund* S Fund* I Fund* L Funds**
Description of Investments Government securities (specially issued to the TSP) Government, corporate, and mortgage-backed bonds Stocks of large and medium-sized U.S. companies Stocks of small to medium-sized U.S. companies (not included in the C Fund) International stocks of 21 developed countries Invested in the G, F, C, S, and I Funds
Objective of Fund Interest income without risk of loss of principal To match the performance of the Barclays Capital U.S. Aggregate Bond Index To match the performance of the Standard & Poor's 500 (S&P 500) Index To match the performance of the Dow Jones U.S. Completion TSM Index To match the performance of the Morgan Stanley Capital International EAFE (Europe, Australasia, Far East) Index To provide professionally diversified portfolios based on various time horizons, using the G, F, C, S, and I Funds
Risk Inflation risk Market risk, Credit risk, Prepayment risk, Inflation risk Market risk, Inflation risk Market risk, Inflation risk Market risk, Currency risk, Inflation risk Exposed to all of the types of risk to which the individual TSP funds are exposed - but total risk is reduced through diversification among the five individual funds
Volatility Low Low to moderate Moderate Moderate to high — historically more volatile than C Fund Moderate to high — historically more volatile than C Fund Asset allocation shifts as time horizon approaches to reduce volatility
Types of Earnings*** Interest Change in market prices

Interest
Change in market prices

Dividends
Change in market prices

Dividends
Change in market prices

Change in relative value of currency

Dividends
Composite of earnings in the underlying funds
2013 Net Administrative Expenses**** 0.027% 0.039% 0.029% 0.026% 0.029% **
Inception Date 04/01/87 01/29/88 01/29/88 05/01/01 05/01/01 08/01/05

* The F, C, S, and I Funds also have earnings from securities lending income and from temporary investments in G Fund securities. These amounts represent a very small portion of total earnings.

** Each of the L Funds is invested in the individual TSP funds (G, F, C, S, and I). The proportion of your L Fund balance invested in each of the individual TSP funds depends on the L Fund you choose. For 2013, the net expense ratios for L Income and L 2020 were 0.028%. The 2013 net expense ratios for L 2030, L 2040, and L 2050 were 0.029%.

*** Income from interest and dividends is included in the share price calculation. It is not paid directly to participants' accounts.

**** Net expenses are offset by the forfeitures of Agency Automatic (1%) contributions of FERS employees who leave Federal Service before they are vested, other forfeitures, and loan fees.