Returns to Oct 27, 2026
- Year to date
- 6.4%
- from Dec 31, 2025
- 1 year
- 7.1%
- from Oct 27, 2025
- 3 years
- 9.5%
- a year, from Oct 27, 2023
- 5 years
- 5.9%
- a year, from Oct 27, 2021
- 10 years
- 5.5%
- a year, from Oct 27, 2016
- Since start
- 4.8%
- a year, from Jul 29, 2005
Spans longer than a year show the yearly rate. Share prices include the fund's earnings and expenses, so a price change is the return.
What the L Income Fund holds
The most conservative L Fund mix, for money being drawn down now. Every other L Fund merges into it when it retires.
- First priced
- Jul 29, 2005
Since Jul 29, 2005
$10,000 on Jul 29, 2005 would be about
$26,800
by Oct 27, 2026. In the C Fund over the same span: about $96,600.
- Growth per year
- 4.8%
- C Fund 11.0%
- Best year
- 9.4%
- 2025
- Worst year
- −5.1%
- 2008
- Biggest drop
- 11%
- peak to trough; C Fund 55%
Year by year
| Year | L Income | C Fund |
|---|---|---|
| 2005* | 2.2% | 5.0% |
| 2006 | 7.6% | 15.8% |
| 2007 | 5.6% | 5.5% |
| 2008 | −5.1% | −37.0% |
| 2009 | 8.6% | 26.7% |
| 2010 | 5.7% | 15.1% |
| 2011 | 2.2% | 2.1% |
| 2012 | 4.8% | 16.1% |
| 2013 | 7.0% | 32.4% |
| 2014 | 3.8% | 13.8% |
| 2015 | 1.8% | 1.5% |
| 2016 | 3.6% | 12.0% |
| 2017 | 6.2% | 21.8% |
| 2018 | 0.7% | −4.4% |
| 2019 | 7.6% | 31.5% |
| 2020 | 5.2% | 18.3% |
| 2021 | 5.4% | 28.7% |
| 2022 | −2.7% | −18.1% |
| 2023 | 9.0% | 26.2% |
| 2024 | 7.4% | 25.0% |
| 2025 | 9.4% | 17.8% |
| 2026* | 6.4% | 13.8% |
* part of a year. Returns are from official daily share prices; each move happens at the close of its day.
Month by month
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2005 | 0.3% | 0.5% | −0.2% | 1.0% | 0.6% | 2.2%* | |||||||
| 2006 | 1.1% | 0.3% | 0.7% | 0.7% | −0.3% | 0.3% | 0.5% | 0.9% | 0.7% | 1.0% | 0.8% | 0.6% | 7.6% |
| 2007 | 0.6% | 0.2% | 0.6% | 1.1% | 0.9% | 0.1% | −0.2% | 0.6% | 1.1% | 0.8% | −0.4% | 0.1% | 5.6% |
| 2008 | −1.0% | −0.2% | 0.2% | 1.2% | 0.6% | −1.5% | 0.0% | 0.4% | −1.7% | −3.4% | −0.8% | 1.2% | −5.1% |
| 2009 | −1.7% | −2.0% | 2.1% | 2.4% | 1.7% | 0.3% | 1.9% | 1.1% | 1.1% | −0.3% | 1.3% | 0.6% | 8.6% |
| 2010 | −0.5% | 0.7% | 1.4% | 0.5% | −1.5% | −0.6% | 1.8% | −0.6% | 2.0% | 0.9% | 0.0% | 1.5% | 5.7% |
| 2011 | 0.6% | 0.9% | 0.2% | 1.0% | 0.0% | −0.2% | −0.1% | −1.1% | −1.5% | 2.3% | 0.0% | 0.2% | 2.2% |
| 2012 | 1.2% | 1.0% | 0.5% | 0.0% | −1.4% | 1.0% | 0.4% | 0.6% | 0.6% | −0.1% | 0.3% | 0.5% | 4.8% |
| 2013 | 1.1% | 0.3% | 0.7% | 0.7% | 0.2% | −0.3% | 1.2% | −0.4% | 1.1% | 1.0% | 0.6% | 0.6% | 7.0% |
| 2014 | −0.4% | 1.2% | 0.2% | 0.3% | 0.6% | 0.6% | −0.3% | 0.8% | −0.4% | 0.6% | 0.6% | 0.0% | 3.8% |
| 2015 | −0.1% | 1.2% | −0.1% | 0.4% | 0.3% | −0.3% | 0.6% | −1.1% | −0.5% | 1.6% | 0.2% | −0.3% | 1.8% |
| 2016 | −0.9% | 0.0% | 1.5% | 0.3% | 0.4% | 0.1% | 1.0% | 0.1% | 0.2% | −0.4% | 0.5% | 0.6% | 3.6% |
| 2017 | 0.6% | 0.8% | 0.3% | 0.5% | 0.6% | 0.3% | 0.6% | 0.2% | 0.6% | 0.5% | 0.6% | 0.4% | 6.2% |
| 2018 | 1.1% | −0.7% | −0.1% | 0.3% | 0.5% | 0.2% | 0.8% | 0.6% | 0.2% | −1.4% | 0.5% | −1.3% | 0.7% |
| 2019 | 1.8% | 0.8% | 0.5% | 0.9% | −1.0% | 1.6% | 0.2% | −0.1% | 0.5% | 0.7% | 0.7% | 0.7% | 7.6% |
| 2020 | 0.0% | −1.5% | −3.1% | 2.5% | 1.2% | 0.7% | 1.1% | 1.4% | −0.7% | −0.6% | 3.0% | 1.1% | 5.2% |
| 2021 | −0.1% | 0.6% | 0.7% | 1.1% | 0.5% | 0.4% | 0.5% | 0.6% | −0.9% | 1.3% | −0.5% | 1.1% | 5.4% |
| 2022 | −1.3% | −0.5% | 0.5% | −2.0% | 0.0% | −1.6% | 2.2% | −1.0% | −2.3% | 2.0% | 2.4% | −0.9% | −2.7% |
| 2023 | 2.3% | −0.5% | 1.1% | 0.6% | −0.1% | 1.7% | 1.1% | −0.5% | −1.0% | −0.6% | 2.8% | 1.9% | 9.0% |
| 2024 | 0.4% | 1.3% | 1.1% | −0.9% | 1.6% | 0.6% | 1.0% | 1.0% | 0.7% | −0.5% | 1.5% | −0.7% | 7.4% |
| 2025 | 1.2% | 0.1% | −0.8% | 0.7% | 1.8% | 1.6% | 0.5% | 1.1% | 1.2% | 0.9% | 0.3% | 0.5% | 9.4% |
| 2026 | 1.1% | 0.8% | −1.7% | 2.9% | 1.7% | 0.3% | −0.1% | 1.1% | −0.3% | 0.4%* | 6.4%* |
Blue, the month was up; red, it was down; the deeper the colour, the bigger the move. * part of a month or year.
| Over | Spans | Best | Worst | Average | Lost money |
|---|---|---|---|---|---|
| 1 year | 20 | 9.4%to 2025 | −5.1%to 2008 | 4.7% | 2 of 20 |
| 3 years | 18 | 8.6%to 2025 | 2.5%to 2008 | 4.3% | 0 of 18 |
| 5 years | 16 | 5.6%to 2013 | 3.1%to 2012 | 4.3% | 0 of 16 |
| 10 years | 11 | 5.1%to 2025 | 3.7%to 2016 | 4.2% | 0 of 11 |
Every span
| Ending | 1 year | 3 years | 5 years | 10 years |
|---|---|---|---|---|
| 2025 | 9.4% | 8.6% | 5.6% | 5.1% |
| 2024 | 7.4% | 4.4% | 4.8% | 4.4% |
| 2023 | 9.0% | 3.8% | 4.8% | 4.0% |
| 2022 | −2.7% | 2.6% | 3.2% | 3.8% |
| 2021 | 5.4% | 6.1% | 5.0% | 4.6% |
| 2020 | 5.2% | 4.4% | 4.6% | 4.3% |
| 2019 | 7.6% | 4.8% | 4.0% | 4.3% |
| 2018 | 0.7% | 3.5% | 3.2% | 4.4% |
| 2017 | 6.2% | 3.9% | 4.5% | 3.8% |
| 2016 | 3.6% | 3.1% | 4.2% | 3.7% |
| 2015 | 1.8% | 4.2% | 3.9% | 4.1% |
| 2014 | 3.8% | 5.2% | 4.7% | |
| 2013 | 7.0% | 4.6% | 5.6% | |
| 2012 | 4.8% | 4.2% | 3.1% | |
| 2011 | 2.2% | 5.5% | 3.3% | |
| 2010 | 5.7% | 2.9% | 4.4% | |
| 2009 | 8.6% | 2.8% | ||
| 2008 | −5.1% | 2.5% | ||
| 2007 | 5.6% | |||
| 2006 | 7.6% |
Each figure is the yearly rate over a span ending on the last priced day of that year. A blank cell means the span starts before the fund did.
| High | Low | Fall | Fell over | Back after |
|---|---|---|---|---|
| May 19, 2008 | Mar 9, 2009 | −11.0% | 294 days | 1.3 yrs |
| Feb 19, 2020 | Mar 23, 2020 | −8.5% | 33 days | 153 days |
| Jan 4, 2022 | Sep 30, 2022 | −6.1% | 269 days | 1.2 yrs |
| Feb 18, 2025 | Apr 8, 2025 | −4.2% | 49 days | 83 days |
| Jul 22, 2011 | Oct 3, 2011 | −3.8% | 73 days | 180 days |
Past performance does not predict future returns. This is not investment advice.
Official TSP share prices through Oct 27, 2026.
Open the L Income in the backtester to test a plan that moves in and out of it, or see every fund.