Trust Fund Committee Reviews Investment Performance for January-May 2026 and Conducts other Trust Fund Business

WASHINGTON, D.C. (June 24, 2026)– The Trust Fund Committee of the Trust Fund for the People of the Republic of the Marshall Islands (the Trust Fund) conducted its Fiscal Year 2026 (FY 2026) third quarter meeting on June 17 in Washington DC and June 18 in Majuro, Republic of the Marshall Islands. The Committee reviewed the Trust Fund’s investment performance for the quarter ending March 31 with updates to the end of May and conducted other Trust Fund business.

For the quarter (as of March 31), the total Trust Fund had a net asset value of $1,602,690,201.60, and a net loss of 5.55%, net of fees, compared to December 31, 2025 (benchmark -6.21%). Account 1 had a net asset value of $929,747,750.69 and a net loss of 5.51%, net of fees (benchmark -6.26%). Account 2 had a net asset value of $672,942,450.91 and a net loss of 5.61%, net of fees (benchmark -6.10%).

For the last month reported prior to the meeting (as of May 31), the total Trust Fund had a net asset value of $1,763,348,352, and a net gain of 3.80%, net of fees, for the month (benchmark 3.73%). For the fiscal year-to-date (October 1, 2025-May 31, 2026), the Fund had a net gain of 12.98%, net of fees (benchmark 13.04%). Since inception, the Fund has had an average annual rate of return of 7.55%, net of fees (benchmark 7.94%). As of the end of May, Account 1 had a net asset value of $1,021,863,480.06 and a net gain of 3.84%, net of fees, (benchmark 3.82%). Account 2 had a net asset value of $741,484,872.27 and a net gain of 3.74%, net of fees (benchmark 3.58%).

The Committee also approved the Investment Policy Statement that sets the asset allocation for the coming year with no major changes. The Committee also approved a 2-year service agreement with Baker Tilly to conduct the fiscal year 2026 and fiscal year 2027 annual audit and investment performance assessment.

The Committee discussed the status of Account 1 distributions for the Amended Compact of Free Association’s Trust Fund Agreement’s (the Agreement’s) Article 17 Individual Support Distribution. The Committee also discussed the status of Account 2 distributions for the Agreement’s Article 18 Extraordinary Needs Distributions. Three quarters of distributions were made to the Republic of the Marshall Islands government as of the time of the meeting from each account.

The next quarterly Committee meeting will take place in August 2026.

 For more information on the Trust Fund, please visit the official website at https://rmicfatf.com/.

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