Trust Fund Committee Approves FY21 Annual Report and Annual Audit Completed

WASHINGTON, D.C. (April 5th, 2022)– The Trust Fund Committee of the Trust Fund for the People of the Federated States of Micronesia (the Fund) approved the Fiscal Year 2021 (FY21) Annual Report on 3/31/22. The FY21 audit report was also completed by the Fund's independent auditor, Baker Tilly. The Fund finished the fiscal year with a restricted fiduciary net position of $999,763,601 as of 9/30/21. The increase was primarily due to interest, dividends, and realized and unrealized gains from investment of $182,626,639 plus the scheduled FY21 U.S. government contribution of $35,277,200. The Fund had a weighted annual rate of return of 22.1% for FY21 compared...

Trust Fund Committee Conducts Fourth Quarter Meeting to Review Trust Fund Performance to August 31st, 2021 and Conduct Other Trust Fund Business

WASHINGTON, D.C. (September 24th, 2021)– The Trust Fund Committee of the Trust Fund for the People of the Federated States of Micronesia (the Fund) conducted its fiscal year 2021 (FY21) fourth quarter meeting on September15th (EST) and 16th (Pohnpei) via videoconference. The meeting covered the Fund’s investment performance for the April-June 2021 quarter as well as a current market update to September 2021, including the effect of the COVID-19 pandemic on the Fund as well as the global economy and financial markets. For the April-June 2021 quarter, the Fund gained 6.02%, below the benchmark of 6.31%. The net asset value of the Fund was $990,129,748,...

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