Committee Conducts Fourth Quarter FY24 Meeting to Review Trust Fund Performance and Conduct Other Trust Fund Business

WASHINGTON, D.C. (September 25, 2024)– The Trust Fund Committee of the Trust Fund for the People of the Federated States of Micronesia (the Fund) conducted its Fiscal Year 2024 (FY 2024) fourth quarter meeting by teleconference on September 18 (Washington DC) and 19 (Pohnpei). The Committee reviewed the Fund’s investment performance from April 1 to August 31, 2024, discussed steps to transition to the 2023 Trust Fund Agreement, reviewed the Investment Policy Statement and asset allocation options, and approved the FY 2025 investment and administrative budget, amongst other business. For the April-June quarter, the Fund had a net asset value of $1,410,642,586 as of June...

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