L 2020 Fund Overview

L 2020 Fund

• Full Name: Lifecycle 2020 Fund
• Inception Date: August 2005
• Expiration Date: July 2020
• Retired: Yes

Objective

The L 2020 Fund’s investment objective was to achieve a moderate to high level of growth with a low emphasis on preservation of assets. The fund’s allocation in the G, F, C, S, and I Funds was adjusted quarterly and it rolled into the L Income Fund in July 2020 when its allocation matched the L Income Fund.

Risk

The L 2020 Fund was designed to offer a diversified mix of the five individual TSP funds (G, F, C, S, and I) and sought the best expected return for the amount of expected risk appropriate for its investors. Its target allocation was based on assumptions about future returns, inflation, economic growth, and interest rates, and the fund was rebalanced daily to stay on target; there was no guaranteed rate of return.