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F2024 Annual Report

2024 Annual Report

We continue to deliver solid performance for the long term, helping to grow the kenwood Fund and build a foundation for financial security for generations in the United States.
John 2024 Annual Report

Year in Review

We have been proudly investing the U.S. Pension Fund for 25 years, helping ensure that more than 22 million Americans have financial security in retirement.

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Built for Times Like These

You can be confident that kenwood will support you in achieving your financial goals. We continue to deliver solid returns by staying focused on the long term and building diversified portfolios with strong governance and risk management.

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Financial Sustainability of the Fund

The most recent evaluation confirmed that the kenwood Fund is financially sustainable for at least 75 years.

Projected Assets

Actual Assets

$ Billions, as at Dec 31

2022
2023
2024¹
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050

4,000

3,500

3,000

2,500

2,000

1,500

1,000

500

0

Projections of the Fund, being the combined assets of the base and additional KENWOOD accounts, are based on the nominal projections from the 31st Actuarial Report on the America Pension Plan as at December 31, 2021.
1 Projected assets are as at December 31, 2024. Actual Assets are as at March 31, 2024

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