Year¹	TSP Coach
2005	2.66%
2006	2.46%
2007	2.82%
2008	4.10%
2009	1.85%
2010	6.00%
2011	5.89%
2012	1.89%
2013	2.71%
2014	2.50%
2015	3.69%
2016	2.91%
2017	0.90%
2018	4.38%
2019	3.76%
2020	8.01%
2021	3.02%
2022	6.07%
2023	4.62%
2024	1.51%
As of:	03/28/2025

L Income	L 2025	L 2030	L 2035	L 2040	L 2045	L 2050	L 2055	L 2060	L 2065	G Fund	F Fund	C Fund	S Fund	I Fund
										0.04%	0.84%	2.16%	3.32%	2.77%
0.37%		1.48%		1.70%						0.04%	0.73%	1.56%	3.06%	2.60%
0.49%		1.90%		2.16%						0.05%	0.73%	2.68%	3.00%	2.77%
1.29%		4.72%		5.40%						0.05%	1.69%	5.82%	7.61%	7.47%
1.36%		4.78%		5.45%						0.03%	0.92%	6.16%	7.12%	7.65%
1.07%		3.91%		4.49%						0.04%	0.80%	5.32%	6.07%	6.56%
0.95%		3.38%		3.89%						0.04%	0.64%	4.41%	6.00%	5.43%
0.65%		2.30%		2.64%						0.01%	0.56%	2.91%	3.44%	4.59%
0.51%		1.68%		1.94%						0.03%	0.88%	2.35%	2.89%	3.29%
0.49%		1.61%		1.87%						0.01%	0.63%	2.28%	3.48%	2.71%
0.71%		2.36%		2.72%						0.02%	0.82%	3.78%	3.58%	4.11%
0.59%		1.96%		2.29%						0.02%	1.03%	2.84%	4.47%	3.47%
0.16%		0.50%		0.59%						0.01%	0.43%	1.09%	1.42%	1.17%
0.77%		2.34%		2.79%						0.02%	0.86%	4.24%	4.92%	3.45%
0.69%		2.06%		2.47%						0.03%	0.95%	3.56%	4.68%	3.16%
1.63%		4.54%		5.43%						0.03%	0.95%	7.18%	10.19%	7.30%
0.62%	1.21%	1.61%	1.76%	1.91%	2.05%	2.18%	2.63%	2.63%	2.63%	0.02%	0.79%	3.05%	3.29%	2.76%
1.59%	2.62%	3.79%	4.16%	4.52%	4.83%	5.13%	6.05%	6.05%	6.06%	0.07%	2.34%	6.21%	6.87%	6.42%
1.21%	1.72%	2.76%	3.04%	3.31%	3.54%	3.76%	4.39%	4.39%	4.39%	0.04%	2.35%	4.07%	6.44%	4.60%
0.36%	0.45%	0.75%	0.82%	0.88%	0.94%	1.00%	1.23%	1.23%	1.23%	0.13%	0.39%	1.51%	1.85%	0.77%
¹Life starting dates for TSP funds are August 31, 2004. TSP Coach strategy has been in use since August 2004.

Year	TSP Coach
Initial	$10,000
2005	$11,002
2006	$13,440
2007	$14,758
2008	$13,652
2009	$15,894
2010	$19,804
2011	$19,577
2012	$24,250
2013	$32,748
2014	$36,579
2015	$37,192
2016	$38,589
2017	$46,277
2018	$43,715
2019	$56,723
CAGR	12.27%
CAGR L10Y	11.10%
CAGR L5Y	8.81%
CAGR L3Y	7.02%

TSP X1^	TSP X2^	TSP Z*	TSP V*	TSP U*	TSP T*	TSP R*^	TSP Q	TSP P*
$10,000	$10,000	$10,000				$10,000	$10,000	$10,000
$10,460	$11,140	$11,920		$11,002	$11,002	$11,665	$10,414	$10,755
$11,429	$13,452	$13,478		$12,000	$13,899	$13,909	$11,850	$12,389
$11,759	$13,585	$14,474	$14,758	$12,441	$16,683	$15,913	$12,602	$13,011
$10,892	$11,343	$13,121	$12,044	$10,971	$15,480	$17,339	$12,785	$12,668
$11,679	$13,416	$15,918	$14,366	$11,319	$16,326	$23,472	$14,009	$15,687
$12,405	$16,003	$17,973	$18,359	$11,589	$21,887	$26,881	$15,436	$19,174
$12,788	$15,741	$18,625	$19,708	$11,931	$19,460	$28,111	$15,693	$21,953
$13,585	$17,480	$17,509	$22,096	$13,030	$23,294	$27,247	$16,563	$25,457
$14,834	$20,441	$19,445	$25,296	$15,218	$29,767	$31,189	$18,981	$30,632
$15,248	$21,313	$23,605	$28,362	$16,542	$33,155	$35,511	$20,493	$31,327
$15,281	$29,689	$26,431	$31,514	$16,765	$35,575	$38,941	$18,924	$31,450
$15,681	$31,350	$27,416	$31,837	$17,872	$37,449	$40,523	$19,863	$34,732
$16,864	$35,902	$31,683	$36,894	$19,780	$40,337	$47,088	$22,189	$39,770
$16,326	$33,526	$31,370	$35,771	$18,871	$41,916	$47,893	$21,982	$36,644
$18,054	$40,718	$37,830	$35,858	$21,195	$48,226	$57,456	$22,803	$46,919
4.02%	9.81%	9.28%	7.07%	4.47%	10.35%	12.36%	5.65%	10.86%
3.82%	9.79%	7.73%	6.92%	6.22%	8.22%	7.89%	3.98%	9.36%
3.39%	6.52%	7.43%	2.62%	4.80%	6.27%	8.09%	3.80%	8.33%
2.30%	4.29%	6.09%	-0.95%	2.33%	6.14%	6.86%	0.91%	5.67%

January 2021

January 01, 2021

Allocation Percentages for January 2021

F Fund

C Fund

S Fund

100%

I Fund

Goodbye 2020! TSP had an impressive run this year with positive double-digit returns for the C and S Funds. However, a major driver of the incredible returns is the Federal Reserve pumping money into the market to bolster the economy. This in turn will lead to inflation down the road. When it will hit, and how high inflation will go, is anyone's guess, but money cannot be dumped into an economy without corresponding inflation. As a result, these returns, when compared to past and future years, may need to be tempered somewhat as it was definitely not a standard year. As for my returns, I had a record setting year with 37.5%. The excess alpha generated this year was in no small part due to the use of the F Fund. As I have explained in previous posts and emails to some of my subscribers, I use the F Fund (not the G Fund) as a safe harbor, and this year, I used it exactly for that purpose. Of course, the other major driver for this year was the S Fund. As you can see from the table at left, while the standard deviation (risk) of the S Fund is incredibly high, the Sortino Standard Deviation (upside risk) is also equally high. These are lagging indicators to be sure, but they detail the tremendous activity in the S Fund this year. Moving forward to 2021, I am remaining in the S Fund for January. However, I think the risk of remaining in the S Fund is higher in January than in previous months due to the expected profit taking and fear of a market pull-back, so make sure you understand your risk tolerance. My expectation for 2021 is for the market to return to "normal" with a slightly better than average chance of having a return of 9%, a slightly less than average chance of being -5% to +8%, and almost no chance of having a year like we just had. Happy New Year and Keep Investing!

Date	L Income	L 2025	L 2030	L 2035	L 2040	L 2045	L 2050	L 2055	L 2060	L 2065	L 2070	G Fund	F Fund	C Fund	S Fund	I Fund
2025-03-28	26.8594	13.8120	50.1902	15.1042	57.3059	15.7146	34.5059	17.2790	17.2769	17.2747	10.2384	18.9577	19.9738	88.4507	82.3925	44.2564
2025-03-27	26.9686	13.8746	50.6826	15.2667	57.9789	15.9125	34.9707	17.5702	17.5680	17.5657	10.4107	18.9555	19.8635	90.2289	84.2106	44.7319
Daily Change	-0.4%	-0.45%	-0.97%	-1.06%	-1.16%	-1.24%	-1.33%	-1.66%	-1.66%	-1.66%	-1.66%	0.01%	0.56%	-1.97%	-2.16%	-1.06%
Month to Date	-0.82%	-0.94%	-2.24%	-2.49%	-2.74%	-2.95%	-3.16%	-3.86%	-3.86%	-3.86%	-3.86%	0.33%	-0.18%	-6.17%	-7.59%	0.96%
Year to Date	0.44%	0.37%	-0.51%	-0.66%	-0.83%	-0.97%	-1.12%	-1.73%	-1.73%	-1.73%	-1.72%	1.09%	2.54%	-4.82%	-8.61%	5.63%
Details	L Income	L 2025	L 2030	L 2035	L 2040	L 2045	L 2050	L 2055	L 2060	L 2065	L 2070	G Fund	F Fund	C Fund	S Fund	I Fund

Date

L Income

L 2025

L 2030

L 2035

L 2040

L 2045

L 2050

L 2055

L 2060

L 2065

L 2070

G Fund

F Fund

C Fund

S Fund

I Fund

2025-03-28

26.8594

13.8120

50.1902

15.1042

57.3059

15.7146

34.5059

17.2790

17.2769

17.2747

10.2384

18.9577

19.9738

88.4507

82.3925

44.2564

2025-03-27

26.9686

13.8746

50.6826

15.2667

57.9789

15.9125

34.9707

17.5702

17.5680

17.5657

10.4107

18.9555

19.8635

90.2289

84.2106

44.7319

Daily Change

-0.4%

-0.45%

-0.97%

-1.06%

-1.16%

-1.24%

-1.33%

-1.66%

0.01%

0.56%

-1.97%

-2.16%

-1.06%

Month to Date

-0.82%

-0.94%

-2.24%

-2.49%

-2.74%

-2.95%

-3.16%

-3.86%

0.33%

-0.18%

-6.17%

-7.59%

0.96%

Year to Date

0.44%

0.37%

-0.51%

-0.66%

-0.83%

-0.97%

-1.12%

-1.73%

-1.72%

1.09%

2.54%

-4.82%

-8.61%

5.63%

Details

January 2021

Allocation Percentages for January 2021

F Fund

C Fund

S Fund

I Fund

TSP FUND QUOTES

Allocation History