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.

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.

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
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