Performance at a Glance
FY = Fiscal Year
Annual Weighted Investment Return Chart
Source: Fiscal Year 2024 Annual Report, Trust Fund for the People of the Republic of the Marshall Islands
Total Contributions, Income, Expenses and Net Positions Since Inception Table
(in millions)
| FY04 | FY05 | FY06 | FY07 | FY08 | FY09 | FY10 | FY11 | FY12 | FY13 | FY14 | FY15 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Position (Beginning of Fiscal Year) | $0.00 | $32.16 | $45.15 | $63.10 | $83.81 | $76.32 | $90.45 | $112.79 | $125.17 | $165.56 | $206.15 | $240.12 | $247.14 | $294.54 | $356.93 | $402.43 | $434.66 | $514.42 | $668.93 | $567.55 | $567.55 |
| Contributions | |||||||||||||||||||||
| U.S. | $7.00 | $7.59 | $8.22 | $8.95 | $9.71 | $10.78 | $11.13 | $11.80 | $12.47 | $13.31 | $13.98 | $14.53 | $15.32 | $16.05 | $16.85 | $17.71 | $18.65 | $19.53 | $20.13 | $22.02 | $200.00 |
| Taiwan | $0.00 | $1.75 | $0.75 | $0.75 | $0.75 | $2.40 | $2.40 | $2.40 | $2.40 | $2.40 | $2.40 | $2.40 | $2.40 | $2.40 | $2.40 | $2.40 | $2.40 | $2.40 | $2.40 | $2.40 | $0.00 |
| RMI | $25.00 | $2.50 | $2.50 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.00 | $0.65 | $2.20 | $0.00 | $0.00 | $0.25 | $5.50 | $5.25 | $5.00 | $5.00 | $0.00 |
| Total | $32.00 | $11.84 | $11.47 | $9.70 | $10.46 | $13.18 | $13.53 | $14.32 | $14.87 | $15.71 | $16.38 | $17.58 | $19.92 | $18.45 | $19.25 | $20.36 | $26.55 | $27.18 | $27.53 | $29.42 | $200.00 |
| Investment Earnings Less Fees and Expenses | |||||||||||||||||||||
| Investment Earnings | $0.16 | $1.21 | $6.62 | $11.25 | -$17.54 | $1.59 | $9.58 | -$1.49 | $26.02 | $25.35 | $18.10 | -$9.97 | $28.07 | $44.56 | $26.53 | $12.15 | $53.50 | $127.66 | -$128.54 | $87.24 | $166.66 |
| Fees and Expenses | $0.00 | $0.05 | $0.14 | $0.23 | $0.41 | $0.65 | $0.77 | $0.45 | $0.50 | $0.47 | $0.52 | $0.59 | $0.59 | $0.62 | $0.28 | $0.28 | $0.29 | $0.34 | $0.37 | $0.35 | $0.40 |
| Distributions | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $8.09 |
| Total | $0.16 | $1.15 | $6.48 | $11.01 | -$17.95 | $0.94 | $8.81 | -$1.93 | $25.52 | $24.88 | $17.58 | -$10.56 | $27.48 | $43.94 | $26.25 | $11.87 | $53.22 | $127.33 | -$128.91 | $86.89 | $158.18 |
| Net Position (End of Fiscal Year) | $32.16 | $45.15 | $63.10 | $83.81 | $76.32 | $90.45 | $112.79 | $125.17 | $165.56 | $206.15 | $240.12 | $247.14 | $294.54 | $356.93 | $402.43 | $434.66 | $514.42 | $668.93 | $567.55 | $683.87 | $1,042.05 |
Note: Amounts rounded.
Note: “Fees and Expenses” are not inclusive of all Money Manager fees given that in the
Audited Annual Financial Statements some Money Manager fees are deducted directly from the respective asset’s value.
Source: Audited Annual Financial Statements since FY05.
Total Cumulative Contribution and Net Position Annual Gain, FY04-FY24
The Trust Fund has earned $569,723,017 from contributions totaling $472,330,627
Source: Audited Annual Financial Statements FY04-FY24
A and C Account Net Position Balances, FY22-FY23 Table
| FY22 | FY23 | FY23 % of Account | |
|---|---|---|---|
| Total Assets | $567,557,525 | $683,873,696 | |
| A Account | $485,479,624 | $601,795,795 | 100.00% |
| U.S. | $362,076,475 | $449,584,172 | 74.71% |
| Marshall Islands | $71,152,727 | $88,496,567 | 14.71% |
| Taiwan | $52,250,422 | $63,715,056 | 10.59% |
| C Account | $82,077,901 | $82,077,901 | 100.00% |
| U.S. | $61,214,674 | $61,318,017 | 74.71% |
| Marshall Islands | $12,029,478 | $12,069,896 | 14.71% |
| Taiwan | $8,833,749 | $8,689,988 | 10.59% |
Note: Amounts rounded to nearest dollar. FY2023 was the last year to record the A and C Accouont balances given the Change to Accounts 1, 2 and 3 according to the 2023 Trust Fund Agreement
Source: Fiscal Year 2023 Annual Report, Trust Fund for the People of the Republic of the Marshall Islands
Account 1, 2, and 3 Net Position Balances, FY24
| Account | FY24 | FY25 % of Account |
|---|---|---|
| Total Assets | $1,042,053,644 | |
| Account 1 | $828,873,378 | 100.00% |
| United States | $619,227,244 | 74.71% |
| Marshall Islands | $121,889,267 | 14.71% |
| Taiwan | $87,756,868 | 10.59% |
| Account 2 | $213,180,265 | 100.00% |
| United States | $213,180,265 | 100.00% |
| Marshall Islands | - | 0.00% |
| Taiwan | - | 0.00% |
| Account 3 | $0 | |
| United States | - | 0.00% |
| Marshall Islands | - | 0.00% |
| Taiwan | - | 0.00% |
Note: Amounts rounded to nearest dollar.
Source: Audited Annual Financial Statements FY24