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 sustained

and compelling investment returns

Total Fund Value

as of October 31, 2020

$65,041,800,000

Principal Total $53.8 Billion | ERA Total  $11.2 Billion

Principal

$53.8 B

Contributions: $46.7 B | Unrealized Gains: $7.1 B

ERA Uncommitted

$6.7 B

Committed FY22 POMV $3.1 B | Unrealized Gains $1.4 B

Value Added

AS OF June 30, 2020

$3.1 B

VS PASSIVE BENCHMARK OVER 5 Years

Rate of Return

FYTD AS OF June 30, 2020

FY 20 2.01%

6.44% OVER 5 YEARS

APFC Board of Trustees Quarterly Meeting November 30, 2020

The Alaska Permanent Fund Corporation (APFC) will hold their Quarterly Meeting of the Board of Trustees on December 9-10 telephonically and by Webinar. The public is invited to attend this meeting via Webinar (information listed on agenda linked below) or telephonically. There will be an opportunity for public comment and participation at 8:30 a.m. when the meeting commences on December 9. If the public wishes to sign up for public comment, please indicate so when registering via WebEx. If you have any issues registering for public comment, please reach out to Jennifer Thorsteinson ([email protected]) at least one business day prior to the meeting.

APFC Board of Trustees Quarterly Meeting Agenda


Fund News


Fund News

APFC Board of Trustees Quarterly Meeting November 30, 2020

The Alaska Permanent Fund Corporation (APFC) will hold their Quarterly Meeting of the Board of Trustees on December 9-10 telephonically and by Webinar. The public is invited to attend this meeting via Webinar (information listed on agenda linked below) or telephonically. There will be an opportunity for public comment and participation at 8:30 a.m. when the meeting commences on December 9. If the public wishes to sign up for public comment, please indicate so when registering via WebEx. If you have any issues registering for public comment, please reach out to Jennifer Thorsteinson ([email protected]) at least one business day prior to the meeting.

APFC Board of Trustees Quarterly Meeting Agenda


  • 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 $65 billion. Want to know how we did it?

  • 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.

  • 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.

  • 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.

  • Learn about APFC’s strategies, investments and people in the 2020 Annual Report.

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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