Click here for realtime quotes of C, S, I and F fund tracking indices.
The G Fund - According to tsp.gov, "The G Fund’s investment objective is to ensure preservation of capital and generate returns above those of short-term U.S. Treasury securities.." [more from www.tsp.gov]
The F Fund - According to tsp.gov, "The F Fund's investment objective is to match the performance of the Bloomberg U.S. Aggregate Bond Index, a broad index representing the U.S. bond market." [more from www.tsp.gov]
The C Fund -
According to tsp.gov, "The C Fund's investment objective is to match the performance of the Standard and Poor's 500 (S&P 500) Index, a broad market index made up of stocks of 500 large to medium-sized U.S. companies."
[more from www.tsp.gov]
The S Fund - According to tsp.gov, "The S Fund's investment objective is to match the performance of the Dow Jones U.S. Completion Total Stock Market Index, a broad market index made up of stocks of small-to-medium U.S. companies not included in the S&P 500 Index." [more from www.tsp.gov]
The I Fund - According to tsp.gov, "The I Fund's investment objective is to match the performance of the MSCI EAFE (Europe, Australasia, Far East) Index." [more from www.tsp.gov]
* On some days, the change in the I Fund share price reported by the TSP does not match the change reported for the MSCI EAFE Stock Index (Europe, Australasia, Far East) Index, which the I Fund tracks. This happens when the Board's investment manager, BlackRock Institutional Trust
Company reprices its EAFE Equity Index Fund, in which the TSP invests, after the close of the foreign markets. This process, known as "fair valuation," occurs when there are large U.S. market or currency movements between the time the foreign markets close and 4:00 p.m., eastern time, when
BlackRock share prices are determined. Fair valuation ensures that traders cannot "market time" the I Fund by making investment decisions based on the "stale" prices, thus diluting the returns of other participants who invest in the I Fund. Because the EAFE uses the foreign market closing prices to calculate its values, its price change will differ from the TSP's on those days.
The L Funds - According to tsp.gov, "Each of the ten L Funds is a diversified mix of the five individual funds (G, F, C, S, and I). They were designed to let you invest your entire portfolio in a single L Fund and get the best expected return for the amount of expected risk that is appropriate for you.
"Every quarter (three months), the target allocations of all the L Funds except L Income are automatically adjusted, gradually shifting them from higher risk and reward to lower risk and reward as they get closer to their target dates. When an L Fund reaches its target date, it goes out of existence and any money in it becomes part of the L Income Fund, which generally keeps the same target allocation. For example, in 2025, the L 2025 Fund will be rolled into the L Income Fund.
"One of the important things about the L Funds is that they stick to their target allocations for a full quarter regardless of what the markets do. Every trading day, some of the individual funds in an L Fund will do better than others. At the end of the day, the individual funds that did better will make up a higher percentage of the L Fund than the ones that did less well. To maintain each L Fund’s target allocation, we rebalance it at the end of every trading day. We do this by buying and selling the individual funds that make up the L Fund so that the percentages go back to what they were at the beginning of the day. In effect we’re buying low and selling high at the end of every trading day." [more from www.tsp.gov]
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