News & Events

Trust Fund Committee Conducts Fourth Quarter Meeting and Education Session on August 23rd, 2018

The Trust Fund Committee of the Trust Fund for the People of the Republic of the Marshall Islands (the Fund) conducted its fiscal year 2018 fourth quarter meetings August 23rd in Honolulu, Hawaii. The meeting included a business meeting and an education session.   The business meeting covered the Fund’s investment performance for the April-June quarter and investment updates to July 31st. Vanguard Investment Advisory Services, the Fund’s Investment Adviser, presented the Fund’s performance information and the economic, financial and market conditions for the time period. The Committee also approved an operating budget for fiscal year 2019 and an annual service agreement with the Fund’s...

Fiscal Year 2018 Contributions Made to Date

The Trust Fund for the People of the Republic of the Marshall Islands received on October 5, 2017 a scheduled contribution per the Compact of Free Association, as Amended, in the amount of $16,854,600 made by the United States government. Taiwan contributed $2,400,000 on April 25th, 2018 per agreements between the Taiwan, the Government of the Republic of the Marshall Islands and the Trust Fund. The contributions were invested per the Investment Policy Statement previously agreed to by the Trust Fund Committee and the Fund’s Investment Adviser, Vanguard Institutional Advisory Services.

Fiscal Year 2017 Annual Report Release and Audit Completed for the Trust Fund for the People of the Republic of the Marshall Islands

The Trust Fund Committee of the Trust Fund for the People of the Republic of the Marshall Islands (the Fund) approved the Fiscal Year 2017 (FY17) Annual Report on May 14th. The FY17 Audited Financial Statements were issued by the independent auditor, Baker Tilly Virchow Krause, LLP, on March 30th and presented to the Committee on March 22nd. Both reports were released to the respective governments. The Fund’s restricted fiduciary net position value increased 21.2% to $356,933,415 for FY17 from $294,545,533 for FY16. The increase was primarily due to gross investment income of $44,558,126 and contributions from the United States government of $16,052,850 and Taiwan...

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