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%

May 2021

May 01, 2021

Allocation Percentages for May 2021

F Fund

C Fund

S Fund

95%

I Fund

Welcome to May and another solid month for TSP Returns. This year has been particularly difficult to make sense of the market, our economy, and the right investment strategy. We continue to see an elevated risk acceptance from all corners of the market, as evidenced by the almost complete aversion to bonds. Although the F Fund was positive this month, the average monthly return for the F Fund over the last 12 months was basically 0%. This effectively means there is no confidence in bonds as a low risk asset. I think this hinges mainly on two significant trends. - First, government spending and stimulus packages have infused the market with cash and direct investments. When cash is readily available, taking on debt is not as attractive. - Second, inflation is present, and while there is a dispute over how significant or disruptive it may be, bonds either need to return what the real inflation rate is or investors will not invest in them. I started the year with a prediction that I do not think we will see a year like 2020 in terms of huge returns-we are already seeing a year with huge returns. Warning signals in February and March on the over-valuation of stocks sent me to the F Fund in anticipation of a stock market crash, but that obviously did not occur. We did see a stabilization for about 6 weeks during those 2 months, but no major correction. I'm now not so sure we will see a major correction, especially since the economy is recovering and we are likely to see inflation above expectations. Both of these trends will quite possibly result in more investment in the stock market vice bonds. 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

May 2021

Allocation Percentages for May 2021

F Fund

C Fund

S Fund

I Fund

TSP FUND QUOTES

Allocation History