Trust Fund Committee Reviews Investment Performance for June-July 2025 and Transition of Investment Allocation and Conducts other Trust Fund Business

WASHINGTON, D.C. (September 22, 2025)– The Trust Fund Committee of the Trust Fund for the People of the Federated States of Micronesia (the Fund) conducted its Fiscal Year 2025 fourth quarter meeting on September 17 in Washington DC and September 18 in Pohnpei, Federated States of Micronesia. The Committee reviewed the Fund’s investment performance for the quarter ending June 30 with updates to the end of July, reviewed the transition of the investment allocation, and conducted other Fund business.

For the quarter ending June 30, the Fund had a net asset value of $1,849,384,020.  For July, the most recent complete month reviewed at the meeting, the Fund had a net asset value of $1,858,550,758 and gained 0.5% net of fees for the month, below the benchmark of 0.9%. For the fiscal year-to-date (October-July), the Fund was up 7.2% net of fees, above the benchmark of 6.6%. Since the inception of the Fund in 2004, the Fund has had an average annual rate of return of 6.3% net of fees (benchmark 6.7%).

The Committee also reviewed the transition to the new asset allocation approved by the Committee at the June quarterly meeting. The review was presented by the Fund’s Investment Adviser, Cambridge Associates. The Committee approved the fiscal year 2026 investment and investment budget and extended the service agreements of the Fund’s Executive Administrator and Accountant.

The next quarterly Committee meeting will take place in December 2025.

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

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