WHO WE ARE

APFC is a state-owned corporation, based in Juneau, that manages the assets of the Alaska Permanent Fund and other funds designated by law, such as the Alaska Mental Health Trust Fund.

Our vision is to deliver OUTstanding returns

for the benefit of all current and future generations of alaskans

Total Fund Value

as of May 31, 2022

$79,489,200,000

Principal Total $62.3 Billion | ERA Total  $17.2 Billion

Principal

$62.3 B

Contributions: $51.3 B | Unrealized Gains: $11.0 B

ERA Uncommitted

$10.8 B

+ Committed FY23 POMV $3.4 B + Unrealized Gains $3.0 B = Total of $17.2 B

Value Added

AS OF June 30, 2021

$5.7 B

VS PASSIVE BENCHMARK OVER 5 Years

Rate of Return

FYTD AS OF May 31, 2022

FYTD 2022 2.07%

9.87 % OVER 5 YEARS

APFC Welcomes Trustee Rubenstein and Trustee Brune July 1, 2022

The Alaska Permanent Fund Corporation (APFC) welcomes Gabrielle “Ellie” Rubenstein and Alaska Department of Environmental Conservation Commissioner Jason Brune to the APFC Board of Trustees. Their service on the Board commences on July 1, 2022.

As CEO and Co-Founder of an investment firm, Trustee Rubenstein brings extensive private equity, investment management and corporate experience to the Board. Trustee Rubenstein also supports numerous organizations and initiatives through her family office and dedicates countless hours volunteering with the Red Cross of Alaska.

“The Alaska Permanent Fund is a globally recognized sophisticated investor. I am humbled and honored to serve on the Board. I look forward to getting to know the Trustees and Staff and working with them in service to the people of Alaska.” ~ Trustee Rubenstein

Trustee Brune has served as the Alaska Department of Environmental Conservation Commissioner since December 2018. Trustee Brune brings to the Board a wealth of knowledge on Alaska’s resources, the foundation of the Alaska Permanent Fund. Previously he served in various public and private roles throughout Alaska, primarily related to resource development and land management.

“Having been part of resource development in Alaska for decades, it is a tremendous honor to serve on the Board of Trustees. Through managing the Fund, the role that APFC holds in converting a portion of the State’s royalty wealth into a financial resource for generations of Alaskans is stewardship at its best.” ~ Trustee Brune

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Fund News


Fund News

APFC Welcomes Trustee Rubenstein and Trustee Brune July 1, 2022

The Alaska Permanent Fund Corporation (APFC) welcomes Gabrielle “Ellie” Rubenstein and Alaska Department of Environmental Conservation Commissioner Jason Brune to the APFC Board of Trustees. Their service on the Board commences on July 1, 2022.

As CEO and Co-Founder of an investment firm, Trustee Rubenstein brings extensive private equity, investment management and corporate experience to the Board. Trustee Rubenstein also supports numerous organizations and initiatives through her family office and dedicates countless hours volunteering with the Red Cross of Alaska.

“The Alaska Permanent Fund is a globally recognized sophisticated investor. I am humbled and honored to serve on the Board. I look forward to getting to know the Trustees and Staff and working with them in service to the people of Alaska.” ~ Trustee Rubenstein

Trustee Brune has served as the Alaska Department of Environmental Conservation Commissioner since December 2018. Trustee Brune brings to the Board a wealth of knowledge on Alaska’s resources, the foundation of the Alaska Permanent Fund. Previously he served in various public and private roles throughout Alaska, primarily related to resource development and land management.

“Having been part of resource development in Alaska for decades, it is a tremendous honor to serve on the Board of Trustees. Through managing the Fund, the role that APFC holds in converting a portion of the State’s royalty wealth into a financial resource for generations of Alaskans is stewardship at its best.” ~ Trustee Brune

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  • Ten years after Alaska achieved statehood, oil was discovered on the North Slope, which led to Alaskans voting to create a Permanent Fund to invest oil proceeds for future generations. The first deposit was $734,000. After 40 years of wise management, APFC has grown the Permanent Fund to more than $81 billion. Want to know how we did it?

    Find out more...

  • The Permanent Fund has two parts: the Principal and the Earnings Reserve Account (“ERA”). Both are invested together using the same asset allocation, but they are very different in how they can be used by law: the Principal is permanent savings, the ERA is available to spend.

    Find out more...

  • APFC is a team of financial and legal professionals. It operates as a separate state entity under the oversight of an independent, professional Board of Trustees, who serve as fiduciaries of the Fund. The Board sets investment policy, reviews the portfolio’s performance, and works with management to determine APFC’s strategic direction.

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  • It’s the APFC’s job to prudently manage the assets of the Alaska Permanent Fund. Our staff of professionals works with a team of international managers to invest the Permanent Fund’s billions across eight asset classes in both private and public markets. Under APFC’s stewardship, the Permanent Fund is recognized as one of the best-managed sovereign wealth funds in the world – well poised to serve Alaskans now and for many decades to come.

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  • The Permanent Fund has largely replaced oil as a source of unrestricted revenues for our state government, which means it is more important to Alaskans than ever. We are pleased to present this booklet, which offers the basics of the Alaska Permanent Fund, its history, how APFC manages and invests these assets, and its essential role in Alaska's future.

    Read the Guide...

  • Find out what made FY21 remarkable in the APFC Annual Report: Invested with Alaskans. Learn more about APFC’s strategies, investments and staff in the latest Annual Report.

    Read the Report...

BONDS

The Fixed Income Plus portfolio acts as an anchor to the Fund and is comprised of Bonds, Emerging Market Debt, TIPS, REITs, and Listed Infrastructure. During volatile market cycles, these assets provide stability and a source of liquidity to take advantage of market dislocations. Trading is…read more