Returns to Oct 27, 2026
- Year to date
- 11.2%
- from Dec 31, 2025
- 1 year
- 11.8%
- from Oct 27, 2025
- 3 years
- 19.3%
- a year, from Oct 27, 2023
- 5 years
- 9.2%
- a year, from Oct 27, 2021
- Since start
- 12.3%
- a year, from Jul 1, 2020
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 2045 Fund holds
A mix of the G, F, C, S and I Funds that becomes steadily more conservative as its target year nears. When its mix matches the L Income Fund it retires and merges into L Income, on June 30 of its target year.
- First priced
- Jul 1, 2020
- Retires
- June 30 of 2045, when it merges into the L Income Fund.
Since Jul 1, 2020
$10,000 on Jul 1, 2020 would be about
$20,900
by Oct 27, 2026. In the C Fund over the same span: about $26,400.
- Growth per year
- 12.3%
- C Fund 15.3%
- Best year
- 19.0%
- 2023
- Worst year
- −14.0%
- 2022
- Biggest drop
- 22%
- peak to trough; C Fund 34%
Year by year
| Year | L 2045 | C Fund |
|---|---|---|
| 2020* | 18.5% | 18.3% |
| 2021 | 15.4% | 28.7% |
| 2022 | −14.0% | −18.1% |
| 2023 | 19.0% | 26.2% |
| 2024 | 13.4% | 25.0% |
| 2025 | 18.2% | 17.8% |
| 2026* | 11.2% | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 3.3%* | 4.9% | −2.5% | −2.0% | 10.5% | 3.6% | 18.5%* | ||||||
| 2021 | −0.4% | 2.2% | 2.2% | 3.5% | 1.2% | 1.0% | 1.1% | 1.9% | −3.0% | 4.0% | −2.0% | 3.2% | 15.4% |
| 2022 | −4.3% | −1.9% | 1.3% | −6.6% | −0.5% | −5.7% | 6.3% | −3.5% | −7.5% | 5.7% | 6.6% | −3.5% | −14.0% |
| 2023 | 6.2% | −2.0% | 2.2% | 1.3% | −0.9% | 4.7% | 2.7% | −2.1% | −3.5% | −2.4% | 7.4% | 4.7% | 19.0% |
| 2024 | 0.4% | 3.4% | 2.6% | −3.3% | 3.8% | 1.1% | 2.1% | 2.0% | 1.4% | −1.8% | 3.7% | −2.5% | 13.4% |
| 2025 | 2.7% | −0.6% | −3.0% | 1.0% | 4.6% | 3.7% | 0.8% | 2.4% | 2.6% | 1.7% | 0.3% | 0.8% | 18.2% |
| 2026 | 2.5% | 1.6% | −5.0% | 7.6% | 3.9% | 0.1% | −0.7% | 2.3% | −1.3% | 0.1%* | 11.2%* |
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 | 5 | 19.0%to 2023 | −14.0%to 2022 | 10.4% | 1 of 5 |
| 3 years | 3 | 16.9%to 2025 | 5.1%to 2024 | 9.2% | 0 of 3 |
| 5 years | 1 | 9.6%to 2025 | 9.6%to 2025 | 9.6% | 0 of 1 |
Every span
| Ending | 1 year | 3 years | 5 years |
|---|---|---|---|
| 2025 | 18.2% | 16.9% | 9.6% |
| 2024 | 13.4% | 5.1% | |
| 2023 | 19.0% | 5.7% | |
| 2022 | −14.0% | ||
| 2021 | 15.4% |
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 |
|---|---|---|---|---|
| Nov 8, 2021 | Oct 12, 2022 | −21.5% | 338 days | 2.1 yrs |
| Feb 18, 2025 | Apr 8, 2025 | −13.0% | 49 days | 87 days |
| Feb 25, 2026 | Mar 30, 2026 | −7.4% | 33 days | 48 days |
| Jul 16, 2024 | Aug 5, 2024 | −6.2% | 20 days | 38 days |
| Sep 2, 2020 | Sep 24, 2020 | −5.9% | 22 days | 68 days |
Past performance does not predict future returns. This is not investment advice.
Official TSP share prices through Oct 27, 2026.
Open the L 2045 in the backtester to test a plan that moves in and out of it, or see every fund.