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The TSP is what it is. I might, however, point to the L income performance. While most elderly retirees have lost about 15% in most commercial target retirement income funds, retirees in L income have only lost 6%. The G has crept up a bit but doesn't seem to have the superior returns to many commercial vehicles that it once had. (Maybe it was always a myth; I don't know.) The equity funds are what they are - broad indexes. They probably mimic any other commercial offering for the same index fund. Truth be told, when income funds are down 15%, equity dominant funds being down more, even twice as much, isn't a stretch of my imagination. One might admit, however, that, when the G fund is available for ballast, it is a good thing. Many, like myself, are hoping that the recent changes that open the TSP to a commercial window don't drive up expenses for everyone and don't trash the plan entirely. Right now, it is reportedly non-functional. I haven't been able to fix my beneficiary after my husband's death. I don't think; who knows? Nothing is guaranteed updated or accurate. I am worried that RMDs won't come off in December as designed. With the disfunction, the only indicator might be whether you received the check or deposit. It is a mess, a royal, stupid, unnecessary mess with no real end in sight.
TSP L funds are TDFs with lower equity exposures than commercial TDF peers & with the SV Fund G as fixed-income. These factors caused performance lag when markets were rising, but are helping now in this dual stock-bond bear market.
It is to be expected when both stocks and bonds are down simultaneously this year. The only bright spot among the TSP funds is the G fund which is a stable value fund and having a positive gain.
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