July 15, 2025
In 2024, the TRAF investment portfolio generated a return of 15.48% net of investment expenses, compared to the benchmark return of 14.70%. Longer-term returns remain well above our benchmark, having generated 0.69% in additional return over the past 20 years. For a breakdown of the investment returns, net of expenses, for the total portfolio and each asset class over the one-year, five-year, 10-year and 20-year periods, see Investment Performance.