Thrift Savings Plan L 2040 Fund

Thrift Savings Plan · Daily Share Price · Currency is USD

74.6230

-0.4517 (-0.60%)

Oct 16, 2026, 4:00 PM EDT

Fund Assets	64.60B
Expense Ratio	0.04%
Cost per $1,000	$0.40
Inception Date	Aug 1, 2005
Asset Class	Allocation
Fund Family	TSP
Risk Level	Medium-high
Sharpe Ratio (1Y)	1.02
Dividends	None

Previous Close	75.07
1-Month Return	-0.35%
YTD Return	10.09%
1-Year Return	12.69%
5-Year Return	53.53%
Avg. Annual Return	8.20%
52-Week Low	64.99
52-Week High	76.50
All-Time High	76.50

About TSP L 2040 Fund

The TSP L 2040 Fund is a lifecycle (target date) fund in the Thrift Savings Plan, the retirement savings plan for US federal employees and members of the uniformed services. It invests in the five TSP index funds (G, F, C, S and I) and is rebalanced daily. Its mix shifts gradually from stocks to bonds and government securities as its target year approaches, and in the target year it rolls into the L Income Fund. TSP funds are not traded on an exchange; prices are published daily by the TSP and include reinvested income. It is designed for people who expect to start withdrawing their money around 2040.

Fund Family Thrift Savings Plan

Performance

The TSP L 2040 Fund returned 12.69% in the past year, with income reinvested in its share price. Since it began in 2005, its average annual return has been 8.20%.

Annual Returns

The TSP L 2040 Fund's return in each calendar year since 2006. Its best year was 2009 (+25.19%) and its worst was 2008 (-31.53%). It had a positive return in 16 of 20 years.

Year	Return	L 2040 Fund
2026 YTD		+10.09%
2025		+17.31%
2024		+12.85%
2023		+18.04%
2022		-12.90%
2021		+14.51%
2020		+13.16%
2019		+20.69%
2018		-4.89%
2017		+16.77%
2016		+7.90%
2015		+0.73%
2014		+6.22%
2013		+23.23%
2012		+14.27%
2011		-0.96%
2010		+13.89%
2009		+25.19%
2008		-31.53%
2007		+7.36%
2006		+16.53%

Show all years

Fund Allocation

The TSP L 2040 Fund's current mix of the five individual TSP funds. It shifts gradually from stocks to bonds and the G Fund until it rolls into the L Income Fund in 2040.

C Fund	37.31%
I Fund	25.11%
G Fund	21.60%
S Fund	9.33%
F Fund	6.65%

All TSP Funds

Fund	Price	YTD	1-Year
G Fund	20.30	+3.66%	+4.58%
F Fund	20.58	-1.44%	-1.24%
C Fund	123.64	+12.90%	+16.14%
S Fund	109.67	+9.22%	+7.79%
I Fund	63.45	+14.34%	+19.72%
L Income	31.01	+6.04%	+7.58%
L 2030	63.12	+8.64%	+10.93%
L 2035	19.37	+9.58%	+12.05%
L 2040	74.62	+10.09%	+12.69%
L 2045	20.73	+10.53%	+13.25%
L 2050	46.12	+11.00%	+13.84%
L 2055	24.20	+12.93%	+16.26%
L 2060	24.20	+12.92%	+16.26%
L 2065	24.19	+12.92%	+16.25%
L 2070	14.34	+12.92%	+16.25%
L 2075	12.52	+12.92%	+16.25%

View All TSP Funds