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Nauru Phosphate Royalties Trust

Nauru · Australia and Pacific · Founded 1968 · Savings and future generations fund · Not an IFSWF member

DormantReport a correction
Focus

Nauru Phosphate Royalties Trust: what it invests in

Real estateTourism and hospitalityAgriculture and food security
Real estatePrivate equity

Geography Global

Scale

Nauru Phosphate Royalties Trust: how big it is, and on what basis

Not published
Fund market valueAs of
Transparency

Nauru Phosphate Royalties Trust: what it publishes

1.0 of 10 Band 1 of 5

Published 1 · Partly 0 · Not published 9

Our 10 item score. It measures what is public, not how well a fund is run.

FoundedS1
1968
As of
Value in 1991S2
A$1.3B (Estimate)
As of
Component fundsS2
4
As of
Wind-up lawS1
RONWAN Act 2014
As of

At a glance. The Nauru Phosphate Royalties Trust was set up in 1968 to save Nauru's phosphate income for the years after mining. It built an overseas property portfolio valued at about A$1.3 billion in 1991. A 2014 Act provides for distributing landowner royalty funds, winding up dormant funds and dissolving the Trust. It publishes no size figure today. S1 S2

Key points

  • Created as a body corporate under the 1968 Act. S1
  • Held four funds, including a long-term investment fund and a landowners fund. S2
  • Value estimated at A$1.3 billion in 1991. S2
  • The 2014 RONWAN Consolidation Act provides for its dissolution. S1
  • No current assets figure is published. S1

Interesting facts

  • Nauru House in Melbourne was its best known overseas building. S2
  • Nauru bought the phosphate mining rights from Australia in 1970 for A$21 million. S2
  • Holdings once spanned Australia, the Philippines, Guam, Hawaii and the US. S2

Mandate and goals

Hold and invest phosphate royalty income to give Nauru a steady income after the phosphate ran out. Under the 2014 Act its remaining role is to carry out the vesting and distribution of landowner royalties. S2 S1

  • Provide national income after phosphate depletion. S2
  • Distribute landowner royalty funds during wind-up. S1

How it invests

IndustriesReal estate, Tourism and hospitality, Agriculture and food security S2
Asset classesReal estate, Private equity S2
StagesReal estate S2
GeographyGlobal. Historic overseas property and company holdings S2
Direct / through funds / co-investYes / No / No S2
Ticket sizeIn wind-up; no investments. S1
External managersNone S1
Co-investment programmeNone S1

Past investments

The fund has not published a list of investments.

Investment process

A Cabinet minister is responsible for the Trust; the 2014 Act sets its wind-up duties. S2 S1

How to approach: In wind-up; no investment programme or approach process. S1

Size and returns

  • Headline size: Not published (Fund market value, as of 2014-10-29) S1
  • Estimated value, 1991: A$1.3B (Published estimate, as of 2026-09-05) S2
  • Returns: the fund does not publish a return figure.

Leadership

The fund does not publish named leaders.

Governance and transparency

  • Legal basis: Nauru Phosphate Royalties Trust Act 1968; RONWAN Consolidation Act 2014 S1
  • Oversight: Cabinet minister for the Trust S2
  • Section 36 dissolves the Trust at noon on 31 January 2015 or another date set by regulation. S1
  • Trust records are covered by confidentiality provisions. S1

Transparency score: 1.0 of 10 (band 1 of 5). Our own 10-item rubric; see the methodology page.

  • Published: governance and mandate documents. S1
  • Not published: total assets, annual return, long-term returns, asset allocation, geographic or sector split, holdings or deal list, audited financial statements, named leadership, regular reporting schedule. S1

History

DateEvent
1968Trust established under the 1968 Act. S1
1970Nauru buys the phosphate mining rights. S2
1991Value estimated at A$1.3 billion. S2
2004Nauru House in Melbourne sold. S2
2014-10-29RONWAN Consolidation Act certified. S1

For family offices

In wind-up with no investment activity. For Nauru today, see the Nauru Intergenerational Trust Fund. S1

Common questions

Does the Trust still invest?

No. A 2014 Act provides for its wind-up and dissolution. S1

How large was it?

About A$1.3 billion in 1991, by estimate. S2

When was it founded?

In 1968, under the Nauru Phosphate Royalties Trust Act. S1

All sovereign wealth funds in Australia and Pacific · All savings and future generations funds · All funds in Nauru

Sources

  1. S1RONWAN Consolidation Act 2014 (Nauru Act No. 23 of 2014), FAOLEX
  2. S2Wikipedia, Nauru Phosphate Royalties Trust

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