July 27, 2026
In 2025, the TRAF investment portfolio generated a return of 10.03% net of investment expenses, compared to the benchmark return of 10.54%. Longer-term returns remain well above our benchmark, having generated 0.61% 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.