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 March 31, 2021

$76,320,600,000

Principal Total $59.0 Billion | ERA Total  $17.3 Billion

Principal

$59.0 B

Contributions: $46.8 B | Unrealized Gains: $12.2 B

ERA Uncommitted

$10.6 B

+ Committed FY22 POMV $3.1 B + Unrealized Gains $3.6 B = Total of $17.3 B

Value Added

AS OF June 30, 2020

$3.1 B

VS PASSIVE BENCHMARK OVER 5 Years

Rate of Return

FYTD AS OF March 31, 2021

FYTD 2021 22.69%

11.05 % OVER 5 YEARS

APFC BOT Quarterly Board Meeting May 12, 2021

The Alaska Permanent Fund Corporation (APFC) Board of Trustees will hold their Quarterly Meeting on May 19-20, 2021. The public is invited to attend this meeting via Webinar (information listed on the agenda linked below) or in person at the address below*. There will be an opportunity for public comment and participation at 8:30 a.m. when the meeting commences. 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 before the meeting.

*Please note that while APFC’s May Quarterly Board of Trustees meeting will be open to the public, the Andrew Hope Building (320 W Willoughby Avenue) where the meeting will be held has limited entry at this time.

Please park in a parking lot on either side of the building (but not in a space reserved for any individuals). Enter through the double doors towards the middle of the building and let security know you’re there for the APFC Board Meeting. Please plan to arrive early to sign in and have a temperature check required to enter the building. Upon entering the Elizabeth Peratrovich Hall there will be an APFC sign-in sheet for all members of the public.

May 19-20, 2021 APFC Board of Trustees Quarterly Meeting Agenda


Fund News


Fund News

APFC BOT Quarterly Board Meeting May 12, 2021

The Alaska Permanent Fund Corporation (APFC) Board of Trustees will hold their Quarterly Meeting on May 19-20, 2021. The public is invited to attend this meeting via Webinar (information listed on the agenda linked below) or in person at the address below*. There will be an opportunity for public comment and participation at 8:30 a.m. when the meeting commences. 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 before the meeting.

*Please note that while APFC’s May Quarterly Board of Trustees meeting will be open to the public, the Andrew Hope Building (320 W Willoughby Avenue) where the meeting will be held has limited entry at this time.

Please park in a parking lot on either side of the building (but not in a space reserved for any individuals). Enter through the double doors towards the middle of the building and let security know you’re there for the APFC Board Meeting. Please plan to arrive early to sign in and have a temperature check required to enter the building. Upon entering the Elizabeth Peratrovich Hall there will be an APFC sign-in sheet for all members of the public.

May 19-20, 2021 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 $70 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.

  • 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.

  • 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