April 24, 2024
In 2023, the TRAF investment portfolio generated a return of 8.34% net of investment expenses, compared to the benchmark return of 9.29%. Longer-term returns remain well above our benchmark, having generated 0.72% 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.
