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 November 30, 2021

$80,984,300,000

Principal Total $65.3 Billion | ERA Total  $15.7 Billion

Principal

$65.3 B

Contributions: $51.1 B | Unrealized Gains: $14.2 B

ERA Uncommitted

$8.9 B

+ Committed FY23 POMV $3.4 B + Unrealized Gains $3.4 B = Total of $15.7 B

Value Added

AS OF June 30, 2021

$5.7 B

VS PASSIVE BENCHMARK OVER 5 Years

Rate of Return

FYTD AS OF November 30, 2021

FYTD 2022 2.82%

11.75% OVER 5 YEARS

APFC Affirms Commitment to the Fund January 17, 2022

Juneau – Alaska Permanent Fund Corporation (APFC) appreciates having been accorded the opportunity to meet with the Legislative Budget & Audit Committee and affirm APFC’s commitment as the Alaska Permanent Fund (Fund) fiduciaries. Ultimately, as Alaskans and dedicated public servants, we are all invested in the Fund’s success and strive to protect and grow these treasured financial assets for the intergenerational benefit of all Alaskans.

Chair Richards affirmed that “the responsibility of the Board is to make those difficult decisions in furtherance of its mission and responsibilities under the law.” He reassured the Committee that the Board’s decisions were “driven by the Trustees’ assessment of what would be the best course going forward to most effectively support the more than $84 billion financial investment portfolio and those charged with the investment and management of this Fund.”

The enduring stewardship and safeguarding of this essential Alaskan financial resource are based on the APFC’s commitment to ensuring that investment of the Fund is conducted in accordance with constitutional provisions, statutory mandates, governance structures and the Board’s set investment objectives.

Read More


Fund News


Fund News

APFC Affirms Commitment to the Fund January 17, 2022

Juneau – Alaska Permanent Fund Corporation (APFC) appreciates having been accorded the opportunity to meet with the Legislative Budget & Audit Committee and affirm APFC’s commitment as the Alaska Permanent Fund (Fund) fiduciaries. Ultimately, as Alaskans and dedicated public servants, we are all invested in the Fund’s success and strive to protect and grow these treasured financial assets for the intergenerational benefit of all Alaskans.

Chair Richards affirmed that “the responsibility of the Board is to make those difficult decisions in furtherance of its mission and responsibilities under the law.” He reassured the Committee that the Board’s decisions were “driven by the Trustees’ assessment of what would be the best course going forward to most effectively support the more than $84 billion financial investment portfolio and those charged with the investment and management of this Fund.”

The enduring stewardship and safeguarding of this essential Alaskan financial resource are based on the APFC’s commitment to ensuring that investment of the Fund is conducted in accordance with constitutional provisions, statutory mandates, governance structures and the Board’s set investment objectives.

Read More


  • 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?

  • 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.

  • 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.

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