News & Events

Trust Fund Committee Conducts Third Quarter Meeting and Update of Trust Fund Performance to April 30th, 2019

WASHINGTON, D.C. (May 16, 2019)– The Trust Fund Committee of the Trust Fund for the People of the Republic of the Marshall Islands (the Fund) conducted its fiscal year 2019 (FY19) third quarter meetings on March 13th (Washington DC) and 14th (Majuro), 2019. The meeting covered the Fund’s investment performance for the January-March 2018 quarter as well as the April-early May 2019 period. For the January-March quarter, the Fund gained 8.4%, net of fees, and had an ending net asset value of $415,817,733 (preliminary and unaudited). The increase was due to gains across all asset classes that helped to make up for most of the...

Fiscal Year 2018 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 2018 (FY18) Annual Report on March 28th. The FY18 Audited Financial Statements were issued by the independent auditor, Baker Tilly Virchow Krause, LLP, on March 28th and presented to the Committee on March 28th. Both reports were released to the respective governments. The FY18 audit performed by Baker Tilly was completed on time and according to U.S Generally Accepted Auditing Standards and Generally Accepted Government Auditing Standards issued by the Comptroller General of the United States. There were no audit findings....

Fiscal Year 2019 Contributions Made to Date

The Trust Fund for the People of the Republic of the Marshall Islands received on October 2, 2018 a scheduled contribution per the Compact of Free Association, as Amended, in the amount of $17,708,850 made by the United States government. The government of the Republic of the  Marshall Islands contributed $250,000 on October 9, 2018. 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.

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