First, let's answer a few questions.
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You should consider investing in the L Income Fund if you were born before 1961, are currently withdrawing money from your TSP account, or you plan to begin withdrawing money this year.
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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.
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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 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
| -- YTD | 1 yr | 3 yr | 5 yr | 10 yr |
|---|---|---|---|---|
| - | - | - | - | - |
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Details as of 12/31/2023
Assets
$27.1 billionTotal expense ratio
$0.500/$1,000 account balance 0.050% (5.0 basis points)Inception date
8/1/2005Allocation target
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L Income Allocation
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Fees as of 12/31/2023
Net administrative expense ratio
$0.480/$1,000 account balance 0.048% (4.8 basis points)Investment expense ratio1
$0.020/$1,000 account balance 0.002% (0.2 basis points)Total expense ratio
$0.500/$1,000 account balance 0.050% (5.0 basis points)- Fees paid to the investment manager.
Additional information
The asset allocations of the L Income Fund 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.
